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Home My WebLink About1982-11-09 Info Packetr City of Iowa City MEMORANDUM = Date: November 5, 1982 To: City Council From: City Manager Re: Report on Massage Parlors At the City Council meeting of July 6, 1982, the staff was requested to provide information to the Council concerning massage parlor licensing. The staff has investigated and assembled ordinance materials. However, I am sure that the Council is aware that such ordinances are not a panacea and that they have not eliminated the problem. While a high level of enforcement might reduce the public perception that a problem exists, in fact, it is the opinion of the Police Chief, the City Attorney, and the City Manager that the problem goes underground where it is less obvious to law enforcement personnel and/or continues to exist in other formats such as modeling and health studios. This matter will be scheduled for informal discussion as the Council directs. The Police Chief and the City Attorney will be present at that time to answer any questions which you may have and discuss a proposed ordinance if you wish. tp4/9 cc: Harvey Miller Robert Jansen Richard Boyle 19as MICROFILMED By I .J j I DORM MICR4)LAS j CEDAR RAPIDS DES IdDIAES a r City of Iowa City. MEMORANDUM Date: November 2, 1982 To: City Council From: Anne Carroll, Human Relations Director Re: Salary Survey - Council Members - Top 12 Iowa Cities by Population Salaries Effective January 1, 19$3 CITYCITY FORM OF COUNCIL MAYOR GOVERNMENT *Iowa City $4,200.00 $ 4,800.00 Manager -Council Cedar Rapids -- $36,150.40 Davenport $7,500.00 $24,418.00 Waterloo $3,510.00 $35,888.00 Cedar Falls $1,800.00 $29,993.60 $31,612.50 (Average Salary . Full-time Mayor) Des Moines $7,488.00 $ 9,984.00 Sioux City $6,000.00 $ 8,400.00 Dubuque $3,000.00 $ 3,500.00 Council Bluffs $3,600.00 $ 3,600.00 Ames $1,800.00 $ 3,000.00 Clinton $1,950.00 $ 51800.00 Burlington $3.600.00 $ 4.200.00 Average Salary- Council Member $4,024.80 $5,497.71 (Average Salary Part-time Mayor) *Iowa City is excluded from all computations. tp/sp Commission Mayor -Council Mayor -Council Mayor -Council Manager -Council Manager -Council Manager -Council Manager -Council Manager -Council Mayor -Council Manager -Council MICROFILMED BY JORM MICROLAE3 CEDAR RAPIDS DES MOINES � I 1 L( r L City of Iowa City MEMORANDUM Date: November 5, 1982 To: City Council and City Manager From: Rosemary vitosh, Director of Finance RJ Re: Accrual Financial Reports Presented herewith are the modified -accrual basis financial reports for FY80 and FY81. Prior to this, financial reports had been prepared on a cash basis. In order to familiarize yourself with a description of funds and account groups, and the City's accounting policies, I recommend that your review start by reading Note N1 in the Notes to Financial Statements which begins on page 16 in the FY80 report. This will be helpful in understanding the format used in the preparation of the financial statements. The Financial Section of the report first provides the combined statement, or the summary statement, by fund types and account groups. Next comes the Notes to the Financial Statements which provide detailed information which supplements the financial statements. The third section provides supplementary data for those fund types, listed in the combined statements, which include more than one fund (i.e. this section shows the detail for each Enterprise Fund whereas the combined statement provided only the total for all Enterprise Funds). These statements are called combining statements as they involve the combining of individual funds into a total amount for the fund type. Whereas the cash basis report provided a one page statement for each fund which gave cash receipts, cash disbursements and fund balance, the accrual basis has three statements for each fund. These include 1) a balance sheet, 2) a statement of revenue and expenses and changes in retained earnings/fund balance, and 3) a statement of changes in financial position. The balance sheet shows Assets, Liabilities and Municipal Equity as of year end. Municipal Equity is similar to the Stockholder's Equity Section on a corporate balance sheet. The statement of revenues and expenses shows the total revenues and expenses for. the fiscal year. This differs from cash receipts and disbursements as it includes revenues which are receivables, but not yet received, as of year end and it includes expenses incurred as liabilities, but not actually paid for, as of year end. The statement of changes in financial position shows the changes which have occurred in working capital during the fiscal year. Working capital is defined as the difference between current assets and current liabilities. This state- ments details the specific changes in the assets and liabilities and shows what caused the changes. Although accrual basis reports are not mandatory for Cities, the trend is defi- nitely moving in this direction. Some federal agencies require accrual reports, municipal bond investors prefer them and the State's City Finance Committee is encouraging the conversion by all Iowa cities to an accrual reporting format. The reason for this interest is that accrual reports more accurately reflect the City's true financial status. For example, with a cash basis, outstanding liabi- lities are not reported. Therefore it would be possible to temporarily defer inceorILMCD By JORM MICROLAB CEDAR nnPIBS • DES MOINES 197 J r payment of liabilities at year-end just to show a healthy fund balance on the year-end financial reports. In addition, the accrual reports include fixed asset values. In the past, governmental agencies have paid little attention to maintaining asset records. In fact, the majority, including Iowa City, had few or no asset records at all. The inventory and research work done in verifying the purchase date and the original cost of assets required approximately 2y years'to complete. Although it has taken a significant amount of staff time to prepare these accrual basis reports, the City can be proud of the fact that we now are producing finan- cial reports which show the City's true financial status and which again confirm the fact that Iowa City has a very solid financial basis. bj5/2-3 y j MICROEILMEO OY JORM MICR6LAEI CEDAR RAPIDS • DES MOINES I I RZ-1 MI 1 m 142.7 McGladrey Hend rickson & Co. CERTIFIED PUBLIC ACCOUNtANr,, To the Honorable Mayor and City Council City of Iowa City, Iowa INTERNAL ACCOUNTING CONTROLS We have examined the financial statements of the City of Iowa City, Iowa for the year ended June 30, 1981 and have issued our report thereon dated October 15, 1982. As a part of our examination, we made a study and evaluation of the City's system of internal accounting controls to the extent we considered necessary to evaluate the system as required by generally accepted auditing standards. The purpose of our study and evaluation was to determine the neture, timing and extent of other auditing procedures necessary to express an opinion on the City's financial statements. Our study and evaluation was more limited than would be necessary to express an opinion on the system of internal accounting controls taken as's whole. The management of the City of Iowa City, Iowa is responsible for establishing and maintaining a system of internal accounting controls. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of control procedures. The objectives of a system are to pro- vide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposi- tion, and that transactions are executed in accordance with management's authorization and recorded properly to permit the prep- aration of financial statements in accordance with generally accepted accounting principles. Because of inherent accounting controlslimitations in any system of internal , errors or irregularities may nevertheless occur and not be detected. Also, projection of any evaluation of the system to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the degree of compliance with the procedures may deteriorate. 14x7 I o HICROrILMED BY JORM MICR6LAB L�.. J ) � CEDAR RAPIDS • DES 14014[S i ' I r I I Our stuc lnd evaluation made for the Ii. ed purpose described in the first paragraph would not necessarily disclose all material weaknesses in the system. Accordingly, we do not express an opinion on the system of internal accounting controls of the City of Iowa City, Iowa taken as a whole. However, our study and evaluation disclosed the following condition that we believe results in more than a relatively low risk that errors or irregularities in amounts that would be material in relation to the financial statements of the City of Iowa City, Iowa may occur and not be detected within a timely period. Segregation of Duties: Condition: In the cash disbursement cycle one person prepares and files purchase orders and vouchers, keypunches information for check preparation, reconciles the printed checks to the vouchers and mails the checks after they are signed. Recommendation: An effective system of internal control requires adequate segregation of duties in that no one individual handles a transaction from beginning to end. Based upon the number of people available in the accounting department, we recommend that. the City reassign some of these duties to other indi- viduals to help strengthen the controls over cash disbursements. City Response: This recommendation has been taken into con- sideration and job duties will be reassigned as appropriate to strengthen the internal controls. This condition was considered in determining the nature, timing, and extent of the audit tests to be applied in our examination of the financial statements for the year ended June 30, 1981, and this report does not affect our report on these financial statements dated October 15, 1982. COMPLIANCE MATTERS The following comments about the City of Iowa City, Iowa operations for the year ended June 30, 1981 are based exclusively on knowledge obtained from procedures performed during our examination of the City's financial statements for the year ended June 30, 1981. Since our examination was based on tests and samples, not all transac- tions that might have had an impact on the comments were necessarily examined. The comments involving statutory and other legal matters are not intended to constitute legal interpretations. - 2 - 1 MICROEiLME0 BY JORM MIC RbL4B 1 I� L j CEDAR RAI1105 • DES MOINES i 1 F J •, 4 1. Official De, itory Banks The City's depository banks are: Maximum Authorized Bank Deposit First National Bank, Iowa City, Iowa $8,000,000 Iowa State Bank, Iowa City, Iowa 8,000,000 Hawkeye State Bank, Iowa City, Iowa 8,000,000 1 A resolution naming these banks as official depository banks is on file with the State Treasurer. The maximum deposit amounts were not exceeded during the year. 2. Certified Budget Program expenditures during the year ended June 30, 1981 did not exceed amounts budgeted therefor. 3. Entertainment Expense i We noted no expenditures for parties, banquets or other enter- tainment for employees that we believe may constitute an unlawful expenditure from public funds as this is defined in the iAttorney General's opinion dated April 25, 1979. 4. Travel Expense No expenditures of City money for travel expenses of spouses of officials or employees were noted. 5. Conflict of Interest No business transactions between the City and City officials and/or employees were noted. 6. Investments The investment of funds resulted in interest received of $1,582,437 during the year. 7. Council Minutes No transactions were found that we believe should have been approved in the Council minutes, but were not. 8. Property and Equipment Records City property and equipment records are complete through June 30, 1981. 9. Surety Bond Coverage Surety bond coverage of City officials and employees is in accordance with statutory provisions. -3- 141CRDFILI-ED BY JORM MICRbLAE3 _Z I (% CEDAR RAPIDS DES 1401YES r Mi I Other matters: Grant Compliance: Condition: The City has many projects funded by federal grant monies. Each of the grants contain specific restrictions and requirements with which the City must comply. The responsibility for record keeping and for monitoring these grants and the related contracts is assigned to several dif- ferent departments throughout the City. As a result, it appears that the funds are not properly monitored by informed individuals to assure compliance with the grant requirements. Recommendation: The City consolidate and assign the grant moni- toring and record keeping process to one depart- ment. City Response: The consolidation of all grant monitoring would necessitate the hiring of an additional employee. The City's current monitoring system has not resulted in major deficiencies in compliance. Until such evidence is available, the additional staffing costs are not justified. Police and Fire Pension Funds: Condition: New legislation was passed in 1979 and 1980 by the Iowa General Assembly which set forth a new method of computing the annual readjustment of pensions effective July 1, 1980. The City did not use the new prescribed computation method until the annual readjustment as of July 1, 1981. This has resulted in incorrect monthly pension payments since July 1, 1980. Recommendation: The City should recompute the amount paid to retired members and make appropriate adjustments. City Response: A recomputation of the pension amounts show that some retirees were overpaid and some were under- paid. The recomputation is being reviewed with the Police and Fire Pension Board and a decision on how to handle the adjustment will be made shortly. This report is intended solely for the use of management and the Office of the Auditor of State, State of Iowa, and should not be used for any other purpose. -4- MILROMMED BY f CORM MICR( LA6 1 � � CEDAR RAPIDS DES 14O14ES I I q P4 Lei i We thank the officials and employees of the City for the cooperation and courtesies extended during the course of this examina- tion. If you have any questions about the preceding comments, or if we ,I can be of assistance to you in implementing any of the recommendations, 1I Please contact us. -Me 610dU� { 14-YIA c&CIKJ t" - Iowa City, Iowa October 15, 1962 i I -5- 192.1 i I41CROf1LMED BY JORM MICR+LAE3 —1 �7 L 1 CEDAR RAPIDS • DES MOINES LL f� ANNUAL FINANCIAL REPORT CITY OF IOWA CITY, IOWA FOR THE FISCAL YEAR ENDED JUNE 30, 1481 PREPARED BY; DEPARTMENT OF FINANCE CITY OF IOWA CITY, IOWA OCTOBER, 1982 1 Id ICRDf ILMED BY i DORM MICRQLAB j CEDAR RAPIDS • DES MOME5 i 1 � 19,17 CITY OF IOWA CITY, IOWA CITY Comm MARY NEUHAUSER MAYOR JOHN BALMER LARRY LYNCH CLEMENS ERDAHL KATE DICKSON CITY mma NEAL G, BERLIN DAVID PERRET JOHN MCDONALD 14ICRUILMED BY JORM MICR(fLAB 7 CEDAR RAPIDS DES MOINES I I9al r CITY OF IOWA CITY, IOWA Table of Contents June 30, 1981 INTRODUCTORY SECTION Letter of transmittal FINANCIAL SECTION Report of certified public accountants GENERAL PURPOSE FINANCIAL STATEMENTS Combined balance sheet, all fund types and account groups Combined statement of revenue, expenditures and changes in fund balances (deficit), all governmental fund types Combined statement of cash receipts and disbursements - budget and actual, general, special revenue, debt service and capital projects fund types Combined statement of revenue, expenses and changes in retained earnings/fund balances, all proprietary fund types and similar trust funds Combined statement of changes in financial position, all proprietary fund types and similar trust funds Notes to financial statements SUPPLEMENTARY INFORMATION SPECIAL REVENUE FUNDS Combining balance sheet Combining statement of revenue, expenditures and changes in fund balances CAPITAL PROJECTS FUNDS Combining balance sheet Combining statement of revenue, expenditures and changes in fund balances ENTERPRISE FUNDS Combining balance sheet Combining statement of revenue, expenses and changes in retained earnings Combining statement of changes in financial position INTERNAL SERVICE FUNDS Combining balance sheet Combining statement of revenue, expenses and changes in retained earnings Combining statement of changes in financial position MICROFILMED DY JORM MICRbLAB CEDAR RAPIDS • DES MOVIES i Page 1-6 7 8-13 14 and 15 16 and 17 18 and 19 20 and 21 22-41 42 43 44 45 46 and 47 48 49 and 50 51 52 53 14a7 J CITY OF IOWA CITY, IOWA —• Table of Contents June 30, 1981 rn Pie FINANCIAL SECTION TRUST AND AGENCY FUNDS Combining balance sheet 54 Combining statement of revenue, expenses and changes in fund balances, pension and retirement trust funds 55 Combining statement of changes in financial position, pension and retirement trust funds 56 " STATISTICAL SECTION Property tax levies and collections 57 Assessed and actual value of taxable property 57 Ratio of net general bonded debt to assessed value and net bonded debt per capita 58 •- Property tax rates — all overlapping governments per $1,000 assessed valuation 59 Ratio of annual debt service expenditures for general bonded debt to total general expenditures 60 Schedule of revenue bond coverage 61 _ Summary of bonded indebtedness, debt service requirements to maturity (including interest) 62 Miscellaneous statistical data 63 and 64 Schedule of insurance in force 65 and 66 MICRor ILMED B1' 1 JORM MIC REILAB 1 I j CEDAR RAPIDS DES MOINES 7 � l i wlcaanuaED ov JORM MICR6LA9 c ! CEDAR RAPIDS • DES MOINES L a 19 a-1 J ,l r C - CITY OF IOWA CITY CIVIC CENTER 410 E. WASHINGTON ST. IOWA CITY, IOWA 52240 (319) 356-5000 November 1, 1982 Honorable Mayor, Members of the W' City Council and City Manager City of Iowa City, Iowa The Annual Financial Report for the City of Iowa City, Iowa, for the fiscal year ended June 30, 1981, is submitted herewith in accordance with the provisions of Chapter 384 of the Code of Iowa, 1981, as amended. This report was prepared by the City's Finance Department. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rest with the City. I believe the data, as presented, is accurate in all material aspects; and it is presented in a manner designed to fairly set forth the financial position and results of operations of the City, as measured by the financial activities of its various funds and that all disclosures necessary to enable the reader to gain the maximum understanding of the City's financial activity have been included. Accounting System and Budgetary Control The City adopts its annual program budget for all funds on a cash basis. While spending control is exercised at the program level, management control is exer- cised on a major objective of expenditure basis at budget decision unit levels within funds. Encumbrance accounting is employed in all funds for budgetary control. Encum- brances outstanding at year-end for the General Fund and Special Revenue Funds are reflected as reservations of the fund balances. Appropriated encumbrances do not lapse at the end of the year and are not reapportioned in the following year. Projects spanning more than one year are appropriated on a yearly basis. The City of Iowa City, Iowa maintains its day-to-day accounting records on a cash basis. These reports, however, are prepared on a modified accrual basis for general governmental operations. Financial statements for the City's enterprises have been prepared on a full accrual basis. This report follows the general format suggested by the National Council on Governmental Accounting and the Municipal Finance Officers Association of the United States and Canada. In developing and evaluating the City's accounting system, consideration is given to the adequacy of internal accounting controls. Internal accounting controls are designed to provide reasonable, but not absolute, assurance regarding: (1) the safeguarding of assets against loss from unauthorized use or disposition; and (2) the reliability of financial records for preparing financial statements and maintaining accountability for assets. The concept of reasonable assurance recognizes that: (1) the cost of a control should not exceed the benefits likely to be derived; and (2) the evaluation of costs and benefits requires estimates and judgments by management. -1- ri i CROP 1 Li.n n, JORM MIC ROLAB CEDAR RAPIDSDCS Id019CS 19y7 r L All internal control evaluations occur within the above framework. We believe that the City's internal accounting controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions. The Reporting Entity and Its Services This report includes all of the funds and account groups of the City. It c includes all activities considered to be part of (controlled by or dependent on) the City. The Iowa City Municipal Airport and the Iowa City Public Library are both inde- pendent units which are considered part of the City of Iowa City. Members of the ` Airport Commission and the Library Board are appointed by the Mayor with approval by the Council Members. Financial data for the Library is included in the General Fund, while the Airport is accounted for as a separate proprietary fund. F The City provides the full range of municipal services contemplated by sta- tute. This includes public safety (police and fire), highways and streets, sanita- tion, recreation, public improvements, planning and zoning, and general administrative services. Retirement Plans With the exception of police and fire, the City's employees are covered by the Iowa Public Employees Retirement System (IPERS). The state annually sets a tax rate to be contributed by all municipal entities sufficient with local employee contributions to meet the needs of the state plan. All covered employees are required to contribute 3.7% of their salary, while employers contribute 5.75%. There is no allocation of unfunded liability to any municipal entity and, upon the retirement of employees, responsibility for their benefits are solely those of IPERS. The City has no responsibility to meet employee pensions of the IPERS system. In the past several years, the state has increased the benefits of the plan basically by raising the maxi- mum salary against which participation is assessed from $10,800 to $20,000. The City acts in a custodial capacity for the police and fire retirement system for the City. According to the latest report from our actuaries, vested and accrued pension benefits exceed the net assets of the trusts by $1,228,011 as compared to $1,138,743 for the year ended June 30, 1981. General Government Financial Analysis Revenues for general governmental functions totalled $17,087,328 in FY81. Property taxes accounted for 43.6% of general revenues. The amount of revenues from various sources are shown in the following tabulation. - 2 - 111CAD(IL11CD BY JORM MIGROLAB DeDna envfDs • Da !aocaLs J 19a7 1 Mrd r I I _ Assessed valuations of $832.4 million represent an increase of 34.6% over the pre- ceding year. Current tax collections were 91.6% of the tax levy, down 8.0% from the prior .-. year. Delinquent tax collections were greater than last year. The ratio of total collections (current and delinquent) for the current tax levy was 92.1%, a decrease of 8.0% from the prior year. Allocations of property tax levy by purpose for FY81 are as follows (amounts per $1,000/assessed value): Purpose 1981 1980 Taxes and assessments $ 7,909,368 $ 6,259,040 Licenses and permits 200,159 238,864 Intergovernmental revenues 6,030,653 5,487,695 _ Charges for services 1,551,546 1,306,648 Fines and forfeitures 205,172 246,222 Use of money and property 636,279 705,372 — Miscellaneous 554,151 572,393 Total $1T,087,328 $14,816,234 _ Assessed valuations of $832.4 million represent an increase of 34.6% over the pre- ceding year. Current tax collections were 91.6% of the tax levy, down 8.0% from the prior .-. year. Delinquent tax collections were greater than last year. The ratio of total collections (current and delinquent) for the current tax levy was 92.1%, a decrease of 8.0% from the prior year. Allocations of property tax levy by purpose for FY81 are as follows (amounts per $1,000/assessed value): Purpose FY81 FY80 FY79 General Fund $ 8.100 $ 8.100 $ 8.100 Tort liability .187 .484 .447 General obligation debt 2.533 1.752 2.472 Pensions and retirement 1.695 1.096 1.059 r Total tax rate $12.515 $11.432 $12.078 Expenditure comparison for general governmental purposes are as follows: 1981 1980 General Fund $10,831,827 $ 9,328,160 Special Revenue Funds 3,002,724 2,314,245 J Debt Service Fund 1,192,642 1,238,846 Cpaital Projects Funds 4,629,782 4,288,765 Special Assessment Funds 157,367 321,792 J $19.814,342 $171491,808 Unreserved fund balances and routine earnings in the major operating funds were maintained at adequate levels. The General Fund balance of $2,629,302 was down _ $72,504 from the prior year; the Debt Service Funds balance of $168,791 was up $322,230 from the preceding year, and the $510,352 balance in the Special Revenue Funds was down $69,058. Enterprise Funds The City currently operates six enterprise funds. These funds are set up to operate from the proceeds of user charges. The following tabulations list the net income (loss) before depreciation and nonoperating revenues for FY81 compared to FY80: -3- i � Ql� Id ICROEILMCD BY JORM MICRbLAB ` 1 CEDAR RAPIDS • DES MOVIES �I I r The ratio of net bonded debt to assessed valuation and the amount of bonded r debt per capita are useful indicators of the City's debt position to municipal manage- ment, citizens, and investors. These data for the City at the end of the 1981 fiscal .. year were as follows: ^ Ratio Of Debt To Assessed Debt Per Amount Value Capita Net direct bonded debt $13,389,000 .0146 to 1 $265.09 Outstanding general obligation bonds at June 30, 1981 totalled $13,389,000, of which $3,416,665 issued for water and sewer improvements are considered to be self- supporting. The remainder of $9,972,335 is considered to be net direct tax supported debt. Tables in the statistical section of this report present more detailed infor- mation about the debt position of the City. The City continues to have the same excellent rating on its general obliga- tion bonds. We have carried this rating for the past several years. This rating is given to those bonds judged to be the best quality and carrying the smallest degree of investment risks. The City's ratings as of June 30, 1981 were as follows: Moody's Investors Services: General obligation bond AAA Parking revenue bonds A Capital Proiects Funds The proceeds of general obligation bond issues are accounted for in Capital Projects Funds until improvement projects are completed. At the end of the fiscal year, construction in process and completed projects are recorded in the General Fixed Assets Account Group. During the fiscal year ended on June 30, 1981, $8,152,983 was _ expended for capital projects, of which $2,093,537 was transferred to the General Fixed Assets Account Group and $6,059,446 was transferred to Enterprise Fixed Assets. - 4 - X93? :IICROFILIdEO By �F JORM MICR46LAO CEDAR RAPIDS • DES a10I101'r1E5 i j i L 1981 1980 Enterprise Funds Income (Loss) Income (Loss) Water . $ 263,848 $ 452,143 Pollution control 316,814 290,244 - Airport (43,061) (34,765) Parking systems 378,464 432,021 Sanitation (140,448) (199,225) Assisted housing 26,218 N/A Debt Administration The ratio of net bonded debt to assessed valuation and the amount of bonded r debt per capita are useful indicators of the City's debt position to municipal manage- ment, citizens, and investors. These data for the City at the end of the 1981 fiscal .. year were as follows: ^ Ratio Of Debt To Assessed Debt Per Amount Value Capita Net direct bonded debt $13,389,000 .0146 to 1 $265.09 Outstanding general obligation bonds at June 30, 1981 totalled $13,389,000, of which $3,416,665 issued for water and sewer improvements are considered to be self- supporting. The remainder of $9,972,335 is considered to be net direct tax supported debt. Tables in the statistical section of this report present more detailed infor- mation about the debt position of the City. The City continues to have the same excellent rating on its general obliga- tion bonds. We have carried this rating for the past several years. This rating is given to those bonds judged to be the best quality and carrying the smallest degree of investment risks. The City's ratings as of June 30, 1981 were as follows: Moody's Investors Services: General obligation bond AAA Parking revenue bonds A Capital Proiects Funds The proceeds of general obligation bond issues are accounted for in Capital Projects Funds until improvement projects are completed. At the end of the fiscal year, construction in process and completed projects are recorded in the General Fixed Assets Account Group. During the fiscal year ended on June 30, 1981, $8,152,983 was _ expended for capital projects, of which $2,093,537 was transferred to the General Fixed Assets Account Group and $6,059,446 was transferred to Enterprise Fixed Assets. - 4 - X93? :IICROFILIdEO By �F JORM MICR46LAO CEDAR RAPIDS • DES a10I101'r1E5 i j i L r MI General Fixed Assets The general fixed assets of the City are those fixed assets used in the per- formance of general governmental functions and exclude the fixed assets of the enterprise funds. As of June 30, 1981, the general fixed assets of the City amounted to $11,688,940, compared to $7,772,560 as of June 30, 1980. This amount represents the original cost of the assets and 1s considerably less than their present value. The City follows the policy of not accounting for streets, sidewalks, bridges, storm sewers and individual assets with a cost of less than $500. Depreciation of general fixed assets is not recognized in the City's accounting system. -' Cash Management The majority of the City's investments are handled through an investment pool carried in the General Fund. The exception to this is those funds which must maintain their investments separately. This pooled concept provides for greater investment earnings which are then allocated on a systematic basis. For the year ended June 30, 1981, the City earned $1,582,437 from all investments, down $321,593 from last fiscal year. The following tabulation shows how this was allocated for the fiscal year. 1981 1980 Investment Investment Fund Type Earnings Earnings „' Governmental $ 647,793 $ 692,432 -. Proprietary 565,542 877,133 Fiduciary 365,156 328,048 Other trust and agency 3 946 6 417 Totals $1,582,43 $1,90 ,030 Independent Audit The State Code requires an annual audit of the financial condition and financial transactions of the City. This requirement has been complied with and the auditors' opinion is included in this report. It must be emphasized that the opinion included in this report, of our certified public accountants, includes all funds and account groups of the City of Iowa City, Iowa and the results of all the fund opera- tions and the changes in financial position of the Enterprise and Pension Funds for the year ended June 30, 1981. These are presented fairly, in conformity with generally accepted accounting principles. M Report Format This report is organized into three sections: the Introductory Section, the �-. Financial Section, and the Statistical Section. The Introductory Section contains the table of contents and the letter of transmittal. —5— 19 �7 111CRONLIIED BY J JORM MIC RhLAB i � CEDAR kgl'I DS DES MOINES j r The Financial Section contains the opinion of the certified public accoun- tants, the general purpose financial statements, and the combining statements by fund type for the fiscal year ended June 30, 1981. The Statistical Section contains comprehensive statistical data which is intended to give the reader the broader and more complete understanding of the finan- cial condition of the City of Iowa City, Iowa. This section includes many comparative schedules. Acknowledgements The preparation of this report could not be accomplished without the effi- cient and dedicated services of the entire staff of the Finance Department. I would like to express my appreciation to all members of the department who assisted and contributed to its preparation. I would also like to thank the Mayor and the members of the City Council and the City Manager for their interest and support in planning and conducting the financial operations of the City in a responsible and progressive manner. Respectfully submitted, A Rosemary L. vgtosh, C.P.A. Director of Finance - 6 - MICROFILMED BY JORM MICR6LAE3 i CEDAR RAPIDS • DES 11011NE5 I i M.? FINANCIAL SECTION 19y9 I MICROFILMED BY 1 JORM MICROL1: I I CEDAR RAPIDS •DCS hI01ilES 7 I i t �i ♦ 1J/I l! W � 11 1 McGladrey Hendrickson& Co. CERTIFIED PUBLIC XCCWU TAWI To the Honorable Mayor and City Council City of Iowa City, Iowa 14 We have examined the general purpose financial statements of the City of I; Iowa City, Iowa as of and for the year ended June 30, 1981, as listed in the table of contents. Our examination was made in accordance with generally accepted auditing a standards and, accordingly, included such tests of the accounting records and such (I other auditing procedures as we considered necessary in the circumstances. In our opinion, the general purpose financial statements referred to above -fl present fairly the financial position of the City of Iowa City, Iowa at June 30, 1981, ly and the results of its operations and the changes in.financial porition of its proprietary fund types for the year then ended, In conformity with generally accepted 1.1 accounting principles applied on a basis consistent with that of the preceding year. IT Our examination was made for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The combining financial state- ments listed in the contents as supplementary information are presented for purposes of additional analysis and are not a required part of the general purpose financial statements of the City of Iowa City, Iowa. Such information has been subjected to the r., auditing procedures applied in the examination of the general purpose financial statements; and, in our opinion, is fairly stated in all material respects in relation to the general purpose financial statements taken as a whole. The information included in the statistical section has not been audited by us and accordingly we do not express an opinion on it. Iowa City, Iowa October 1.5, 1982 -7- 19:.7 IIIERO(ILMED BY JORM MIC ROLAB I I � CEDAR RAPIDS DES MOINES I� r I I (continued) 141CROf IL11ED BY 1 JORM MICR46LAB - � CEDAR RAPIDS • DES MOINES i I 19a? CITY OF IOWA CITY, IOWA COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS June 30, 1981 (Page 1 of 3) Governmental Fund T es Special Debt Capital Special RevenueSer�vi_ ce Projects Assessments ASSETS General Cash $ 1,103 $ 243 - $ 301,112 204,569 $ 1,853,982 $ 213 Investments 3,763,639 Receivables: _ 38,232 - Property taxes 196,880 Accounts and3 unbilled usage 28,386 975 - 12,907 2,612 83,541 540 Interest 44,754 Special _ - 490,380 assessments- Due from other funds 403,262 - , 30,447 Due from other776,033 349,110 - 1,195 1,941 - governments - Inventories 106,847 166 - Prepaid expenses Property and equipment: _ _ - - Land Buildings and structures - Improvements other than - buildings - Equipment and vehicles - Accumulated - depreciation Construction in progress - ' Amount available for general long-term debt service - Amount to be provided for retirement of general long-- term debt - 4,893,981 $ 1,119,818 $ 298,853 S _I9,718 S 523,521 Total assets $ (continued) 141CROf IL11ED BY 1 JORM MICR46LAB - � CEDAR RAPIDS • DES MOINES i I 19a? r ■ •: - - - - 9,846,279 Fiduciary 532,212,913 $ 21476,700 $ 4,695,643 Proprietary Fund Types Fund Type_ Account Croups Internal Trust And General Fixed General Long -Term Total (Memorandum Enterprise Service Agency Assets Debt Only) $ 7,192 4,465,690 $ - 117,747 $ 2,740 4,636,823 $ - - $ - $ 11,278 - 15,343,775 - - - 235,112 447,213 - - - - 479,574 171,963 - 37,296 - - 353,613 279,275 168,204 567 - - - - 490,380 960,577 934,602 105,185 340,141 - - - - 2,062,881 18,610 1,128 18,217 - - - - 445,326 144,968 1,884,280 45,462 - 2,095,617 - 4,025,359 6,515,152 513,987 - 2,730,386 - 9,759,525 9,457,875 47,833 - 166,138 - 9,671,846 122,055 2,547,342 - 1,704,350 - 4,373,747 (7,111,482) (1,305,144) - - - (8,416,626) 14,915,303 - - 4,992,449 - 19,907,752 - - - 168,791 168,791 - - - - 9,846,279 9,846,279 532,212,913 $ 21476,700 $ 4,695,643 $11,688,940 $10,015,070 $69,864,157 - 9 - IdICRO(ILI4ED BY ,I DORM MIC R6 A13 1 CEDAR RAPIDS • DES MOINES I 1917 a.' V CITY OF IOWA CITY, IOWA COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS June 30, 1981 (Page 2 of 3) Governmental Fund Types LIABILITIES AND Special Debt Capital Special MUNICIPAL EQUITY General Revenue Service Projects Assessments Liabilities: Accounts payable $ 148,952 $ 69,476 $ - $ 117,299 $ - Contracts payable - 176,079 - 294,741 - Warrants payable 1,317,535 - - - 428,469 Claims payable 29,926 - - - - Accrued liabilities 162,824 3,574 - 2,383 36,970 Due to other funds 383,746 325,302 - 30,529 69,371 Due to other governments - - - - - Deferred revenue 6,500 35,035 - - - Matured interest •- payable - - 130,062 - Deposits 215,196 - - - - Revenue bonds - - - - - Capital lease - - - - - General obli- gation bonds - - - - - Total lia- bilities carried 1 forward $ 2,264,679 S 609,466 S 130,062 $ 444,952 S 534,810 i (continued) i i i - 10 - I-0ICRUEILMED BY I JORM MIC RbLAB i I CEDAR RAI'I US DES MOINES I I I 027 - F J. f� i MICROFILMED BY I JORM MICR6LA13 CEDAR RAPIDS - DES MOINES I Bit 1 J� Fiduciary Proprietary Fund Types Fund Type _ Account Groups General General Total Enterprise Internal Service Trust And Agency Fixed Assets Long -Term Debt (Memorandum Only) $ 213,257 $ 65,295 $ 80,060 $ - $ - $ 694,339 423,095 - - - - 893,915 _ - - - 1,746,004 - - - 29,926 518,068 30,687 - - - 754,506 138,847 7,691 5,091 - - 960,577 69,200 - - - - 69,200 - - - - 41,535 36,964 - - - - - - 130,062 7,847,000 - - - - 252,160 - - 7,847,000 - - - - 42,735 42,735 3,416,665 - - - - 9,972,335 13,389,000 $12,663,096 $ 103,673 $ 85,151 $ - $10,015,070 $26,850,959 i MICROFILMED BY I JORM MICR6LA13 CEDAR RAPIDS - DES MOINES I Bit 1 J� r CITY OF IOWA CITY, IOWA COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS June 30, 1981 (Page 3 of 3) Governmental Fund Types LIABILITIES AND L MUNICIPAL EQUITY 4 Special I Debt Capital Special DEFICIT General Revenue Service Projects Assessments Total lia- bilities forwarded $ 2,264,679 $ 609,466 $ 130,062 $ 444,952 $ 534,8_0 Municipal equity: Contributed capital $ - $ - $ - $ _ $ - Investment in general fixed assets $ - $ _ $ _ $ _ $ _ Retained earnings: Reserved $ - $ _ $ _ $ _ $ - Unreserved -- $ -- Fund balance (deficit): Reserve for: Encumbrances $ 69,380 $ 67,298 $ - $ 499,213 $ - Employee retirement commitments 51,979 - _ _ _ Gifts for restricted purposes 46,583 Prepaid expenses 106,847 Perpetual care - Unreserved: Designated for future improve- ments 398,406 994,553 - Undesignated 1,956,107 443,054 168,791 - (11,289) S 2,629,302 $ 510,352 $ 168,791 S 1,493,766 $ (11,289) Total munici- pal equity (deficit) $ 2,629,302 $ 510,352 $ 168,791 $ 1,493,766 $ (11,289) Total liabil- ities and municipal equity $ 4,893,981 $ 1,119,818 $ 298,853 $ 1,938,718 $ 523,521 See Notes to Financial Statements. - 12 - iga7 - MICROFILMED BY J JORM MICR46LA13 J I CEDAR RN'IDS DES MOINES I i I L 4 I MICROFILMED BY J JORM MICR46LA13 J I CEDAR RN'IDS DES MOINES I i I r ■ - 13 - l I41CROFIL14ED BY -JORM MICR6LAB 1 i CEDAR RAPIDS • DES 1401NES I Mal 1 ~ -- „ _Proprietary Enterprise — Fund Types Internal Service Fiduciary Fund Type Trust And Agency Account Groups General General Fixed Long -Term Asaets Debt Total (Memorandum Only) w. 12 663 096 $ — 103,673 $ 85,151 $ _ $10,015,070 $26,8502959 13 836 067 $ 1,681,655 $ - $ S $15,517,722 w $ - $ - $ - $11,688,940 $ _ $11,688,940 ^ $ 2,615,879 3 097 871 SS S�13 5p $ S _ 691,372 691,372 $ _ $ $ _ S _- S - S - $ 2,615,879 3 789 243 _ i - 635,891 - - 4,530,057 - - 4,582,036 - - - 46,583 — - 80,435 _ _ 106,847 80,435 1,392,959 4,610,492 $ -9,401,414 - 2.556,663 $19,549,817 $ 2,373,027 4,610,492 $11,688,940 $ _ _$43,013,198 — $32,212,913 S 2,476,700 $ 4,695,643 5111688,940 510,015,070 $69,864,157 - 13 - l I41CROFIL14ED BY -JORM MICR6LAB 1 i CEDAR RAPIDS • DES 1401NES I Mal 1 r I I CITY OF IOWA CITY, IOWA .O V 141CROFILMED By JORM MIC RbLAB � CEDAR RAPIDS DES 6101NE5 i i J COMBINED STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES (DEFICIT) ALL GOVERNMENTAL FUND TYPES Year Ended June 30, 1981 Governmental Fund Types Total Special Debt Capital Special (Memorandum General Revenue Service Projects Assessments Only) REVENUE Property taxes and assessments $ 5,958,463 $ - $ 1,499,266 $ - $ 451,639 $ 7,909,368 Licenses and permits 200,159 - - - - 200,159 Intergovernmental 752,480 4,710,754 - 567,419 - 6,030,653 Charges for services 1,550,259 120 - 1,267 - 1,551,646 Fines and forfeitures 205,172 - - - - 205,172 Use of money and property 193,939 40,701 10,545 377,402 13,592 636,179 Miscellaneous 226 492 167,881 5,061 154,717 - 465,231 554 151 $$� $ 4,919,456 $ 1,514,872 $ 1,100,805 $ 117.087,328 EXPENDITURES Current: Community protection $ 3,302,206 $ - $ - $ - $ - $ 3,302,206 Human development 1,646,984 42,131 - - - 1,689,115 Rome and community environment 3,682,417 738,346 - - 1,229 4,421,992 Policy and administration 1,872,371 191,618 - - - 2,063,989 Capital outlay 327,849 2,030,629 - 4,629,782 128,436 7,116,696 Debt service: Principal - - 698,900 - - 698,900 Interest - - 493,742 1,192,642 - 4,629,782 27,702 157,367 521 444 $19, $ 3,002,724 $ $ $ Revenue over (under) expenditures y$(1,744,863) $ 1,916,732 $ 322,230 $(3,528,977) $ 307,864 $(2,727,014) .O V 141CROFILMED By JORM MIC RbLAB � CEDAR RAPIDS DES 6101NE5 i i J Fr OTHER FINANCING SOURCES (USES) Proceeds from general- $ _ $ 1,028,000 $ - $ 1,028,000 obligation bond sale $ - 1,960,061 Operating transfers:_ 1,801,839 _ 198,YY2 _ 2(�) From other funds (To) other funds (129 480) (1 985 790) 1,985,790) _ _ $ - $ 1,186,222 _ $ g 2� 1 2 59 $ Revenue and other financing sources over (under) expen- ditures and other322 (69,058) $ 230 $(2342,755) , $ 307,864 $(1,854,223) financing uses $ (72,504) $ , FUND BALANCES (DEFICIT), 2 701.806 579,410 (153.439) 3,836,521 (319,153) 6,645,145 BEGINNING FUND BALANCES (DEFICIT), $ 510,352 SS 168,791 493 766 $ (11,289) $ 4,790,922 ENDING $ 2,629,302 I See Notes to Financial Statements. r J 1 MICRDEILMED BY t I� JORM MIC R46LAB 1� I CEDAR RAPIDS •DES MOINES I i I J r L CITY OF IOWA CITY, IOWA COMBINED STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS - BUDGET AND ACTUAL GENERAL, SPECIAL REVENUE,, DEBT SERVICE ERVIC3 E01981ITAL PROJECTS FUND TYPES Year RECEIPTS Property taxes Licenses and permits Intragovernmental Charges for services Fines and forfeitures Use of money and property Miscellaneous DISBURSEMENTS Current: Community protection Human development Home and community environment Policy and administration Capital outlay Debt service: Principal Interest Receipts over (under) disbursements OTHER FINANCING SOURCES (USES), operating transfers: From other funds (To) other funds Receipts and other financing sources over (under) dis- bursements and other financing uses General (602,692) $ 46 94 $ 575,643 $ 2_ Fund Special Revenue_Funda Actual Budget Actual Budget $ 5,925,824 $ 5,919,003 $ _ $ _ 236,980 1,058,230 200,441 1,004,739 6,799,205 5,061,120 1,481,503 1,532,359 _ - 215,400 107,870 211,575 196,214 35,000 51,486 243,713 425,505 - $ 6,834,205 202,474 $ 5,315,172 $ 9,269,520 :$:9 ,489,836 $ 3,337,724 $ 3,305,844 1,618,150 $ 44 065 , $ 42,829 1,600,999 3,937,530 3,645,274 1,014,716 217 449 685,824 195,402 2,040 ,352 1,951,620 370,360 , 2,802,412 1,980,872 663,817 $11,580,422 $10,891,248 $ 4,078,642 :$:2: ,904,927 $(2,310,902) $(1,401,412) $ 2,755,563 $ 2,410,245 $ 2,045,587 377) $ 1,799,908 (152+402) $ — $ (l 985 790) (337 S 1, 08,210 S 1,647,506 $(2,179+920) $ 1,985,790) See Notes to Financial Statements. - 16 - $ 424,455 I9al 111CROCILMED 01' J 1 ` JORM MICR6yLA6 1 CEDAR RAPIDS •DES h101.`ICS i L \1 r .11 - 17 - 111CROEILME0 DY j JORM MICR6LAE3 CEDAR RAPIDS • DES MOINES i Debt Service Fund Capital Projects Funds Total (Memorandum Only) _ Budget Actual Budget Actual Budget Actual $ 1,500,648 $ 1,485,615 $ - $ - $ 7,426,472 $ 7,404,618 _ _ _ - 236,980 200,441 - 215,400 211,575 - 1,481,503 1,532,379 - - 1,093,996 1,394,573 8,951,431 7,460,504 - 9,631 - 345,098 142,870 602,429 51061 1 543 560 1,187,061 1 787 273 S20 9z9 1 820 101 SL 2,0 $ 1,500,307 $ 2:637!556 $ 2,926,732 ,2 $ 3,337,724 $ 3,305,844 4,952,246 4,331,098 1,645,064 1,660,979 2,257,801 2,147,022 - - 7,609,451 .5,351,647 11,075,680 7,702,879 698,900 698,900 - - 698,900 698,900 641,896 536,168 - 641,896 536,168 $ 1,340,796 S 1,235,068 $ 7,609,451 S 5,351,647 $24,609,311 $20,382,890 $ 159,852 S 265,239 $(4,971,895) $(2,424,915) $(4,367,382) $(1,150,843) Iy $ 916,162 $ 158,222 $ 2,961,749 $ 1,958,130 (2,517,297) (2,144,692) S - S - S 916,162 S 151,722 $ 444,452 S (186,562) .$ 159,852 S 265,239 S(4 ,055,733) $(2,273,193) $(3,922,930) $(1,337,405) - 17 - 111CROEILME0 DY j JORM MICR6LAE3 CEDAR RAPIDS • DES MOINES i i CITY OF IOWA CITY, IOWA COMBINED STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS/FUND BALANCES ALL PROPRIETARY FUND TYPES AND SIMILAR TRUST FUNDS Year Ended June 30, 1981 J r i_ MICROFILMED BY JORM MIC REIL AB I I CEDAR RAPIDS •DESI4ff ES 1 Proprietary Fund Types Fiduciary Fund Types Total Internal Pension Nonexpendable (Memorandum Enterprise Service Trust Trust Only) Operating revenue: Property taxes $ - $ - $ 513,873 $ - $ 513,873 Intergovernmental - - 57,146 - 57,146 Charges for services and use of property 3,645,780 1,657,847 361,763 3,393 5,668,783 Miscellaneous revenue 154,653 14,002 41,294 - 209,949 $ 3,800,433 $ 1,671,849 $ 974,076 $ 3,393 T-6,449,751 Operating expenses: Personal services $ 1,392,477 $ 274,202 $ 236,453 $_ $ 1,903,132 Commodities 432,120 744,856 1,176,976 Services and charges 1,174,001 127,285 52,201 - 1,353,487 $ 2,998,598 $ 1,146,343 $ 288,654 $ - $ 4,433,595 Operating income before depreciation $ 801,835 $ 525,506 $ 685,422 $ 3,393 $ 2,016,156 Depreciation 464,200 280,811 - - 745,011 Operating income $ 337,635 $ 244,695 $ 685,422 $ 3,393 $ 1,271,145 Nonoperating income (expenses): ' Other income 24,399 - - - 24,399 Interest income 523,218 464 - - 523,682 Interest expense (472,249) - - - (472,249) Income before operating transfers $ 413,003 $ 245,159 $ 685,422 $ 3,393 $ 1,346,977 Operating transfers in (out) 158,602 - - (3,393) 155,209 Net income (loss) $ 571,605 $ 245,159 $ 685,422 $ - $ 1,502,186 J r i_ MICROFILMED BY JORM MIC REIL AB I I CEDAR RAPIDS •DESI4ff ES 1 IF' See Notes to Financial Statements. MICROFILMED DY I JORM MICRbLAB- .Z CEDAR RAPIDS • DES MOIMES J� i Transfer from contributed capital of depre— ciation on assets acquired with federal grants See Notes to Financial Statements. MICROFILMED DY I JORM MICRbLAB- .Z CEDAR RAPIDS • DES MOIMES J� Transfer from contributed capital of depre— ciation on assets acquired with federal grants — 36,522 — — 36,522 Increase (decrease) in retained earnings $ 571,605 $ 281,681 $ 685,422 $ — $ 1,538,708 Retained earnings/fund balances, beginning 5,142,145 409,691 3,844,635 80,435 9,476,906 Retained earnings/fund balances, ending $ 5,713,750 $ 691,372 $ 4,530,057 $ 80,435 $11,015,614 See Notes to Financial Statements. MICROFILMED DY I JORM MICRbLAB- .Z CEDAR RAPIDS • DES MOIMES J� r CITY OF IOWA CITY, IOWA COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION ALL PROPRIETARY FUND TYPES AND SIMILAR TRUST FUNDS Year Ended June 30, 1981 Proprietary Fund Types Fiduciary Fund Types Nonexpendable Total (Memorandum Internal Pension Trust Only) Enterprise Services Trust SOURCES OF WORKING CAPITAL Operations: $ 57r,605 $ 245,159 $ 685,422 $ - $ 1,502,186 Net income Items not requiring working capital: Loss on disposition of property 22,922 - - 22,922 and equipment Depreciation 464,200 280,811 548,892 _ $$ 6822 - _ $ 745,011 $ 2,270,119 Working capital provided by operations $ 1,035,805 $ Contributions of capital from: 3,353,695 4,922 - - 3,358,617 Other governments 44,450 - - - - 44,450 84,459 City of Iowa City General public 84,459 - - - - 1 542 000 'i No Proceeds from bond sale 1 542 000 ��,.� $6 060.4Dy - S S 5. 2 _ $ $ Total sources of working capital USES OF WORKING CAPITAL Purchase of property and equipment 6,167,007 147,044 _ - - _ 6,314,051 252,000 Payment of revenue bonds 252,000 245 100 - - _ 245 100 Payment of general obligation bonds SSD $ $ Total uses of working capital $ , ,10 Net increase (decrease) in (603,698 $ 406,770 $ 685,422 $ - $ 488,494 working capital 141CRDEILIIED BY ! JORM MICR46LAE3 CEDAR RAPIDS • DES MOINES ■ r ELEMENTS OF NET INCREASE (DECREASE) IN WORKING CAPITAL Cash Investments Receivables Due from other funds Due from other governments Prepaid expenses Inventories Accounts payable Contracts payable Accrued liabilities Due to other funds Due to other governments Net increase (decrease) in Working capital See Notes to Financial -Statements. $ (19,608) $ - $ (12,165) $ - $ (31,773) (1,851,728) 117,747 773,227 (482) (961,236) 31,285 - (72,678) 2,341 (39,052) 201,885 3,015 - 337 205,237 21,402 (955) - - 20,447 2,535 (272) - - 2,263 (22,960) 37,388 - - 14,428 (120,150) 222,526 (1,264) - 101,112 1,063,781 - - - 1,063,781 (67,813) 2,527 - - (65,286) 158,606 24,794 (1,698) (2,196) 179,506 (933) - - - (933) (65� 03 698) $ 406,770 $ 685,422 $ - L 488,49.4 t41CRUILMED BY 1 "JORM MICR<JLAO CEDAR RAPIDS DES 140INE5 I J� r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Note 1. Descriptions of Funds and Account Groups, Significant Accounting Policies and Budgetary Matters The City maintains its records on a modified cash basis of accounting under which only cash receipts, cash disbursements and encumbrances, investments and bonded debt are recorded. These modified cash basis accounting records have been adjusted to the accrual or modified accrual basis, as necessary, to prepare the accompanying financial statements in accordance with generally accepted accounting prin- ciples. These financial statements include all funds and account groups owned or administered by the City or for which the City acts as custodian. The accounts of the City are organized on the basis of funds or account groups, each of which is considered to be a separate accounting entity. The operations of each fund or account groups are accounted for by providing a separate set of self -balancing accounts which comprise its assets, lia- bilities, equity, revenues and expenditures or expenses. The various funds and account groups are grouped as follows in these financial statements: General Fund: The General Fund accounts for all the financial resources of the City, except for those required to be accounted for by other funds. The revenues of the General Fund are primarily derived from general property taxes, chargee for services, fines and forfeitures, licenses and permits, and certain revenues from state and federal sources. The expenditures of the General Fund primarily tests and public buildings opera - relate to general administration, police and fire protection, at tion and maintenance, and parks and recreation. Special Revenue Funds: The Special Revenue Funds are utilized to account for revenues derived from specific sources which are required to be accounted for as separate funds. The funds included in this category and their purpose are as follows: Community Development Block Grant Fund - accounts for revenue from U. S. Department of (lousing and Urban Development Community Development Block Grant programs. 1.41CROFIL14ED 81• J JORM MICR/SL-AB c CEDAR RAPIDS • DES VINES i CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Other Shared Revenue and Grants Fund - accounts for revenues from various sources, including road use tax monies and reimbursable programa funded by federal and state grants. Federal Revenue Sharing Fund - accounts for monies received from Federal General Revenue Sharing entitlements. Debt Service Fund: i The Debt Service Fund accounts for the accumulation of resources for and the payment of general long-term debt principal, interest and related coats. Capital Projects Funds: - The Capital Projects Funds are utilized to account for all resources used in the acquisition and construction of capital facilities and other major fixed assets, with the exception of those that are financed by special assessments or by enterprise fund monies. I The funds in this category are as follows. The purpose of the funds 1s evident from their titles. Bridge, Street and Traffic Control Construction Fund Library Construction Fund Other Construction Fund Special Assessment Fund: The Special Assessment Fund is utilized to account for operations and activities that are Financed or the provision of services that are to be paid for, wholly or in part, by the benefited proper- ties. Enterprise Funds: The enterprise funds are utilized to account for operations and activities that are financed and operated In a manner similar to a private business enterprise, and where the costs of providing goods or services to the general public on a continuing basis is expected to be financed or recov- ered primarily through user charges. The nature of the operations of each enterprise fund is evident from the funds' titles, which are: 1 MICROFILMED B1' JCRM MIC ROLA9 CEDAR RAPIDS DES M018E5 � 1 CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS j Parking Fund Pollution Control Fund 5 Water Fund Sanitation Fund -:r Airport Fund . Housing Authority Fund _ In prior years the Housing Authority Fund consisted of only the Section 8 housing assistance City began the for low income families. During the fiscal year ended June 30, 1981, the program development of a public housing program. These two programs have now been combined into one enterprise fund. Internal Service Funds: ccount for goods and services provided by one depart The Internal Service Funds are utilized to a - L ment to other City departments on a cost reimbursement basis. r The funds in this category are: Equipment Maintenance Fund - provideb maintenance for City vehicles and equipment and rents vehicles to other departments from a central vehicle pool. Central Services Fund - provides printing and office supplies to other departments. t Trust and Agency Funds: - The Trust and Agency Funds are used to account for assets held by the City in a trustee or custo- dial capacity for other entities, such as individuals, private organizations, or other governmen- t. tal units. The funds included in the financial statements under this category are: 1#' Perpetual Care Trust Fund u Police Pension and Retirement Trust Fund Fire Pension and Retirement Trust Fund for transactions of a local service organization which pro- Project Green Agency Fund - accounts and vides landscaping for City property parks M� r - 'x' MICRUILMED BY F JORM MIC REAL AB - 1 CEDAR RAPIDS DES h10 LNES ri r I A r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Account Groups: General Fixed Assets Account Group - accounts for all City general fixed assets, except for infrastructure fixed assets (e.g., streets and bridges, sidewalks, curbs, gutters and storm drainage systems) and property and equipment associated with the operations of proprietary fund types. General Long-term Debt Account Group - accounts for all City general obligation long-term debt expected to be financed from governmental fund types, other than special assessment funds. Basis of Accounting: The modified accrual basis of accounting is used for the General, Special Revenue, Debt Service, Capital Projects, and Special Assessments Funds. Under this method of accounting, recognized in the period in which they become available and measurable. Expenditures are recorded ^' as liabilities are incurred, if measurable, except for accrued vacation leave and unmatured interest u I on general long-term debt. The accrual basis of accounting is used for all of the enterprise funds. Under this method of accounting, revenues are recognized in the accounting period in which they are earned and become measurable and expenses are recognized in the period incurred, if measurable. The accrual basis or the modified accrual basis of accounting are used for the Trust and Agency Funds based upon the individual fund's accounting measurement objectives. Transfers between funds are recognized In the period in which the interfund receivable and payable arise. Budgetary and Legal Appropriation and Amendment Policies: N v The State Code of Iowa requires the adoption of annual budgets on or before March 15 of each year, which become effective July 1 and constitute the City appropriation for each program and purpose specified therein until amended. City budgets may be amended for specified purposes and budget amendments must be prepared and adopted in the same manner as the original budgets. The legal level of control (the level on which expenditures may not legally exceed appropriations) is the program level. Appropriations as adopted and amended lapse at the end of the fiscal year. 111CR0f ILKD BY JORM MICR46LAB CEDAR RAPIDS • DES MOVIES r J L r 1 CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Encumbrances: Encumbrance accounting, under which purchase orders, contracts and other commitments for the expen- ditures of funds are recorded in order to reserve that portion of the applicable appropriation, is employed in the Governmental Fund Types. Encumbrances outstanding at year-end are not recorded as expenditures or liabilities in the financial statements. Other significant accounting policies are: Investments: All of the investments carried in the financial statements are stated at cost or amortized cost. Substantially all City investment activity is carried on by the City in an investment pool, except for those funds required to maintain their investments separately. The earnings on the pooled investments are allocated monthly to the funds based upon the month end balances of the funds in the investment pool. Receivables and Revenue Recognition: Property taxes are recognised as revenues during the. period when collected by the local taxing authority, the County of Johnson, State of Iowa. Property taxes are levied by the County in March of each year for the fiscal period immediately following of July 1 through June 30. Property taxes are collectible during this same fiscal period for which they were levied, which also coin- cides with the City's fiscal year. Federal revenue sharing is recorded during the entitlement period to which it applies. Substantially all other shared revenues are recorded during the period when received by the tax collecting authority. Federal and state grants, primarily capital grants, are recorded as receivables and revenue is recognized during the period in which the City fulfills the requirements for receiving the grant funds. N v FIICROEIL:dED BY JORM MICROLAS � CEDAR NAi'105 DES MOI8E5 a L r i CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Depreciation Expense on Proprietary Fund Transportation Related Assets Acquired With Grant Monies - is restored to retained earnings with a corresponding reduction of the contributed capital account that recorded the grant. Interest income fron investments and operating revenue from accounts and unbilled usage receivables Isrecognizedwhen earned. Special assessments receivables and the related revenue are recorded at the time of their levy. Interest revenue on special assessments is'recognized when collected. Inventories: Inventories are recognized only in those funds In which they are material to the extent of affecting operations and are carried at lower of coat (first -in, first -out) or market. Fixed Assets: Fixed assets in the General Fixed Assets Account Groupe are carried at original cost, or at fair market value when received for donated properties. The City follows the policy of not accounting for streets, bridges, sidewalks, storm sewers, and individual assets with a cost of less than $500. Depreciation 1s not recorded on the General Fixed Assets Account Group. Fixed assets of the enterprise funds are carried at original coat, or at fair market value when received for donated properties. Generally, assets with an individual cost of less than $500 are �- not accounted for. Depreciation is recorded on the fixed assets of the enterprise funds on the straight-line basis as follows: Building and structures Other improvements Vehicles Other equipment 20-50 years 15-50 years 5-20 years 5-30 years An immaterial amount of property is being acquired by the City under lease purchase contracts. The lease contracts have been capitalized in the financial statements in accordance with generally accepted accounting principles. \I I41CROFILMED BY i DORM MIC R6LAB LI CEDAR RAPIDS DES MOINES r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Use of General Long -Term Debt Proceeds in Enterprise Funds: In the past, the City has issued several general long-term debt issues, the proceeds from which have been used wholly or in part to acquire or expand enterprise fund facilities. At that time, the use of the bond proceeds was recorded as a contribution to the capital of the enterprise funds. In some instances, revenues generated in the enterprise funds are being used to pay the general long-term debt principal and interest. The liability for these bonds has been recorded in the enterprise funds because the City intends to continue using revenues from the enterprise funds for the payment of their principal and interest. Interest During Construction: Net interest expense incurred during the period of construction of enterprise fund capital projects is added to -he cost of the governmentalt tcapital projects sare snot gadded •tolthe rcost coftincurred theassets acquirhe construction of ed Retirement Systems: the hree plans hich the ty orltouwhichmit contributes.ChTheiaccountingepoliciesnandfothertinformationwconcerningithesemaintains fll-tieplans are included In other Notes to Financial Statements. Memorandum only Column Totals: Total columns on general purpose financial statements are presented only to facilitate financial analysis, but do not present financial position, results of operations, or changes in financial position in conformity with generally accepted accounting principles. Neither is such data com- parable to a consolidation because interfund eliminations have not been made in the aggregation of this data. Note 2. Budgets, Budget overexpenditures and Deficit Equity Balances Budgets are prepared for City funds on the cash basis. Budgets presented in this report for com- parison to actual amounts are presented on the cash basis, not in accordance with generally accepted accounting principles. Reported budget amounts represent the originally adopted budget as amended. IdICROE ILIdCD 61' � DORM MIC ROLAB CEDAR RAPIDS DCS '4DIHES I I 1 r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS The legally controlling budget for the City is the budget prepared on the program basis in accordance with the State of Iowa, City Finance Committee rules. Appropriations, as adopted and amended, lapse at the end of the fiscal year. The City's budget may be amended for any of the following purposes: (a) To permit the appropriation and expenditure of unexpended unencumbered cash balances on hand at the end of the preceding fiscal year. (b) To permit the appropriation and expenditure of amounts anticipated to be available from sources other than property taxation. (c) To permit transfers between funds as prescribed by state law. (d) To permit transfers between programa. N b A budget amendment must be prepared and adopted in the same manner as the original budget. The City's original budget and amendments are presented below. The following tabulation shows, by program, the actual cash expenditures as compared to their respec— tive amended appropriation for the year ended June 30, 1981: Actual Appropriation Cash Original Amended Expenditures Community protection $ 3,400,141 $ 3,494,933 $ 3,394,787 Human development 1,647,278 3,925,377 3,848,004 Home and community environment 13,242,493 33,518,681 24,866,428 Policy and administration 4,009,378 5,147,805 4,675,459 $22,299,290 $46,086,796 $36,784,678 MIEROCILMED BY i JORM MIC ROLAB L j I CEDAR RAPIDS • DCS MOINES i i J r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS At June 3,violation0oflany, two law. City funds have The funds havingetheit equity deficits andathes. None of the cite represent a deficit amounts nre Fund Type and Fund (Deficit Capital Projects, Other Construction Fund $ (90,753) 11,289) Special Assessments Fund The Other Construction Fund's deficit results primarily from incurring expenditures in excess of funding provided to date on several individual capital projects. The deficit will be recovered in the future from grants and transfers from other City funds. The ion warrants I cit sults from the st expense on which pwi111besrecoveredFindfutureyears iewith interest incomeeon special asses mentstreceivable. w 0 I Note 3. Retirement Systeme The City contributes to two local retirement systems and to the Iowa Public Employees Retirement System (IPERS) which is administered by the State of Iowa. All of the systems are contributory and in one of the systems. ees must L llocallboard whichhasthreep amembersrticipate by the City elocal systems radministered Councilandfourmemberselectedby the by participating members. They are regulated by Iowa statutes. The City acre as custodian for the assets of the local systems. .I Following is a table indicating the systems, the employees covered, and the allocation of the City's contribution of $786,340 for the year ended June 30, 1981: System Employee_ s Covered Contributions Local: Fire Police State, IPERS All fire civil service employees $284,517 All police civil service employees 229,356 All other full—time employees 272,467 NICROEILMED BY JORM MICR#LAIG CEDAR RAPIDS • DES MOINES ' CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS The City follows the policy of not recognizing and recording in the financial statements the actuarially computed present value of the employee vested benefits for the local retirement systems. The participating employees are required to contribute to these systems, and the State of Iowa contrib— utes to the fire and police systema to the extent necessary to fund increased benefits legislated by the Iowa General Assembly. Contributions to the fire and police systems are made based upon an actuarial cost method stipulated by Iowa statutes, which is essentially an aggregate cost method with no provision for any unfunded past service liability. Other information concerning the local systems is as follows: Date of latest actuarial valuations Number of years to be fully vested Actuarial present value of vested pension benefits Actuarial present value of nonvested pension benefits r Total actuarial present value of pension benefits Net assets available for benefits, at coat* Assets (under) benefits Pension payments for year ended June 30, 1981 Percentage of compensation to be contributed for year ending June 30, 1982, per actuary: City State Employees Fire June 30, 1981 15 $2,888,599 544,592 3,433,191 2,380,490 (1,052,701) 145,477 31.32% 3.66 2.21 Police June 30, 1981 15 $1,860,955 463,922 2,324,877 2,149,567 (175,310) 89,712 23.99% 2.65 2.21 * At June 30, 1981, the market value of investments held by the local fire and police retirement systems was approximately $129,000 and $141,000 less than amortized cost, respectively. The retirement system administered by the State of Iowa, IPERS, is funded by amounts withheld from the participating employees and an amount contributed by the City. These contributions are determined by the statutes of the State of Iowa and at June 30, 1981, the percentages to be *contributed on the first $20,000 of compensation were 3.7% for the employees and 5.75% for the City. Information as to actuarialvaluationsand unfunded accrued liabilities is not available. It is anticipated that future contributions will increase from year to year, as deemed necessary by the General Assembly of the State of Iowa. All employees of the City, other than those participating in the fire and police retirement systems, are also covered by the Federal Insurance Contributions Act (FICA). MICRUILMED BY JORM MIC ROL4B � CEDAR RTI DS O[5 MOINES '. i J 1 r Note 4 CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Segment Information for Enterprise Funds The City maintains six enterprise funds. These funds are set up to operate primarily from proceeds of user charges. Segment information as of and for the year ended June 30, 1981 is as follows: MICROFILMED 6Y JORM MICR46LAB � CEDAR RAPIDS DCS n101AC5 i I i i Pollution dousing Pa:41r� Control Water Sanitation Airport Authority Total Results of operations: Operating , revenues $ 733,748 $ 924,019 $1,386,887 $ 595,511 $ 34,392 $125,876 $ 3,800,433 Depreciation 1,790 261,026 190,154 641 10,589 - 464,200 Operating income (1088) 376,674 55,788 73,694 (141,089) (53,650) 26,218 337,635 Interest expense 171,333 215,086 85,830 - - - 472,249 Net income 349,188 61,928 53,329 26,906 54,036 26,218 571,605 Financial ' position: Total assets $9,969,840 $15,714,011 $5,236,964 $ 380,868 $ 678,853 $232,377 $32,212,913 Fixed assets 8,681,595 12,372,696 3,918,919 165,324 611,615 33,034 25,783,183 Net working capital 1,054,351 2,700,386 1,104,472 142,587 (46,824) 75,327 5,030,299 Long-term debt 5,200,000 4,146,665 1,917,000 - - - 11,263,665 Retained earnings (deficit) 4,488,240 (302,355) 1,626,662 162,647 (325,355) 63,911 5,713,750 Equity contributions 47,706 11,228,772 1,479,729 145,264 890,146 44,450 13,836,067 Total equity 4,535,946 10,926,417 3,106,391 307,911 564,791 108,361 19,549,817 MICROFILMED 6Y JORM MICR46LAB � CEDAR RAPIDS DCS n101AC5 i I i i r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Note 5. Bonded and Other Long-term Debt General Obligation Bonds Various issues of unmatured general obligation bonds, totaling $13,389,000, are outstanding at June 30, 1981. The bonds bear interest rates ranging from 3.25% to 6.60% and mature in varying annual amounts ranging from $900,000 to $1,400,000, with the final payments due in the year ending June 30, 1992. Interest and principal payments on all general obligation bonds, except tax -abated portions recorded in the enterprise funds, are accounted for in the Debt Service Fund. Capitalized Lease Payable Equipment being acquired under capital leases has been capitalized and the lease payables recorded. The June 30, 1981 balance of $42,735 is due In monthly installments of $1,743, including interest to December, 1983. Revenue Bonds At June 30, 1981, the following unmatured revenue bonds are outstanding: Parking Water Pollution Control Revenue bonds $5,200,000 $1,517,000 $1,130,000 Interest rates 6.00% to 7.00% 3.80% to 4.25% 3.25% to 5.90% Annual maturity $105,000 to $440,000 $35,000 to $182,000 $60,000 to $100,000 The revenue bonds were issued by the Water, Parking and Pollution Control Funds to finance various Improvements and facilities. The revenue bonds are collateralized by the future revenues of the funds and are reflected as liabilities of the enterprise funds. 111CROEILNED BY i JORM MIC RbLAO-- I � CEDAR AAI'I DS DES tdO1YES I i 1 rp CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS The revenue bond ordinances in effect at June 30, 1981 require that revenues of the water, sewer and parking system be set aside as received into separate and special funds (herein referred to as accounts). The use of the accounts is to be restricted as follows: Account (a) Revenue Bond Sinking (b) Bond and Interest Reserve (c) Depreciation, Extension and Improvement u a (d) Operation and Maintenance Reserve Amount Amount sufficient to pay current bond and interest maturities. $1,000 per month for sewer bonds, $2,500 per month for water bonds, and $5,000 per month for parking bonds until the reserve balance equals the maximum amount of principal and interest due on the bonds in any succeeding fiscal year. $2,000 per month for sewer bonds, $3,000 per month for water bonds, and $5,000 for parking bonds. $500 per month for the water bonds only until the account aggre— gates $50,000. The bond ordinances also require that the City enforce rates for water, sewer, and parking services that are large enough to produce revenues adequate to retire the revenue bonds, including interest. Another important restriction on the outstanding water and sewer bonds is that the bond ordinances state that the City guarantees that none of the facility's property would be sold, leased, mortgaged, or disposed of as long as ouch property is useful or essential. This restriction continues as long as any such bonds are outstanding. )I MICROFILMED BY JORM MIC Rli1LAB ] � CEDAR RAPIDS DES I101NE5 i I i I _ J M'Mr111 i� 1 PR..+ C r ■ •: CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Summary of Bond Transactions A summary of the changes in long-term debt, by type, for the year ended June 30, 1981, is as follows: June 30, Redeemed/ June 30, r 1980 Issued Matured 1981 General obligation bonds �11 763 0�00$ 2,570,000 $ 944,000 $13,389,,000735 Capital leasee payable $ 40,775 26,012 $ 42 Revenue bonds: Water $ 1,709,000 $ - $ 192,000 $ 1,517,000 Pollution control 1,190,000 - 60,000 1,130,000 Parking 5.200.000 - 5,200,000 $ 252,000 u Total 7 847 000Si19�902,7 $�' $ 1,222,012 2 8 5 5 I Summary of Bond Principal and Interest Maturities r Annual debt service requirements required to service all outstanding bonded debt at June 30, 1981 are as follows: Year Ending ? June 30 1982 1983 1984 1985 1986 1987-1991 1992-1996 1997-2001 2002-2004 Type Of Bond General Obligation Revenue $ 2,010,937 $ 669,024 1,998,950 744,054 1,860,300 737,396 1,894,650 704,761 1,751,425 728,358 6,919,000 3,447,839 952,900 2,847,086 - 2,261,498 - 1,363,756 17 388 162 $13,503,772 MICROFILMED BY -JORM MIC REIL AE! i ICEDAR RAPIDS DES MOINES 1 r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Legal Debt Margin At June 30, 1981, the general obligation debt issued by the City did not exceed its legal debt margin computed as follows: Assessed valuation: $847,141,799 Real property 31,127,919 Personal property 38,363,617 Utilities 288 41166 Monies and credits $916,— 661.751 Total valuation $ 45,833,087 Debt limit, 5% of total assessed valuation 13 431 735 Debt applicable to debt limit $ 32, 01,352 Legal debt margin 1 Industrial Revenue Bonds bonds, issued for the purposes of The City ha participated In several issues of industrial revenue constructing privately operated manufacturing and oAevenueather facilities leasewithin agreementsCity. andThese propertybonds purare not direct or contingent liabilities of the City. chased with the bond proceeds are pledged for the total payment of principal and interest on the bonds and the bondholders can look only to these sources for repayment. MICROFILMED By i JORM MICRdLAS CEDAR RAPIDS DES MOINES I I CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Note 6. Changes in General Fixed Assets During the year ended June 30, 1981, general fixed asset acquisitions and disposals were as follows: Balance Balance June 30, June 30, 1980 Acquisitions Disposals 1981 By type: Land $ 1,683,819 $ 411,798 $ — $ 2,095,617 Buildings and structures 4,501,943 3,059,892 — 7,561,835 Other improvements 289,696 40,985 3,542 327,139 Equipment and vehicles 12.297 102 2 5 0 506 578 $$ 99,330 $ 102,872 1 704 350 $11,6 8 9T ,0� By funding source: General Fund $ 2,670,400 $ 294,008 $ 32,175 $ 2,932,233 Special Revenue Fund 1,039,130 97,698 67,155 1,069,673 Gifts 104,219 12,074 — 116,293 Capital Projects Funds: i General obligation bond proceeds 3,434,727 1,887,917 — 5,322,644 Other governments 5241084. 1,727,556 3,542 2,248,098 $ $ 4,019,253 1,872 $ 02 $11,688,941 I i Note 7. Capitalized Interest During Construction i Net interest expense of $129,472 incurred during construction of fixed assets was capitalized as part of the cost of the assets acquired by the Parking Fund during the year ended June 30, 1981. I-0ICROEILMED 61' + - JORM MIC RISL AB - ) CEDAR RAPIDS • DES M014ES ` � I 1 CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Note B. Interfund Receivables and Payables At June 30, 1981, interfund receivables and payables were as follows: Pooled Interfund Cash Interfund Other Interfund Interfund Total Interfund Interfund Fund Type Receivables Payables Receivables Payables Receivables Payables General $322,767 $130,817 $ 80,495 $252,929 $403,262 25,382 $383,746 325,302 Special revenue 135 324,635 - 25,247 43,927 667 53,440 Debt service 9,513 - 30,253 - 276 30,529 Capital projects - 30,447 69,371 30,447 69,371 Special assessments 154,966 39,503 124,309 99,344 279,275 138,847 Enterprise I Intragovernmental service 37,597 - 130,607 7,691 168,204 567 7,691 5,091 w Trust and agency 00 230 52S 5,208 52$ 5,208 337 43$ 5,369 5,091 43$ 5,369 96$ 0,577 96$ 0,577 1 Note 9. Other Employee Benefits The City maintains hospitalization and some life insurance coverage for all of its full-time employees. The cost of the insurance is paid for in full by the City. 6 MICROFILMED BY � JORM MIC RfSLAO J CEDAR RARIDS • DES MOINES I r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS All full—time City employees accumulate vacation and sick leave hours for subsequent use or for payment upon termination or retirement. These accumulations are not recognized as expenditures by the City until used or paid, except that the vested portion of these benefits pertaining to the proprie— tary funds is recorded. The City's approximate maximum liability for the unrecorded portion of the accrued employee benefits at June 30, 1981 is as follows: Benefit Vacation Sick leave Note 10. Federal Revenue Sharing Total Governmental Proprietary Amount Funds Funds $ 313,127 $ 313,127 $ — 12525.9520 1,379,762 145,758 $l,a'�7 $1,692,889 S 145,758 Federal revenue sharing monies, when received, are deposited in the Revenue Sharing Fund as a tem— porary depository for the purpose of satisfying the accounting and reporting requirements of the federal revenue sharing regulations. The City budgets and accounts for the expenditure of federal revenue sharing monies within the appropriate operating fund, as determined by the nature and purpose of each expenditure. As expenditures are made from revenue sharing monies, the expenditure is charged to the individual operating fund and a transfer is recorded as having been made from the Revenue Sharing Fund. The following tabulation shows, by program, the amount of monies transferred from the Revenue Sharing Fund to the various operating funds for the year ended June 30, 1981: Community protection Human development Home and community environment Policy and administration I,. i 1 i 1� $ 2,000 11,893 321,520 383.609 L_719,022 IIICROrILMED BY JCRM MIC R(j/LAB 1 CEDAR RAPIDS •DES MOIYES I 7 r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Note 11. Construction Commitments The total outstanding construction commitments of the City at June 30, 1981 amount to $585,000. Of these commitments, approximately $113,000 will be funded by federal and state grants. Note 12. Contingent Liabilities The City is named as a co—defendant in a lawsuit related to a railroad crossing fatality. The suit filed is in excess of $500,000. The City's liability, if any, cannot be determined at this time. The City is also named as defendant In a lawsuit for $14,000,000 related to a noise ordinance which the plaintiff claims will force the relocation of their operations. There are numerous other lawsuits pending against the City for various reasons. The outcome and even - 0 tual liability of the City, if any, in these cases is not known at this time. 1 Effective January 1978, the City discontinued its general liability insurance coverage and established a self—insurance program for tort liability claims of less than $1,000,000, in lieu of obtaining insurance coverage. From January, 1980 through April, 1980, the City had no liability insurance coverage and was totally self—insured. In April 1980, the City again obtained general liability insurance coverage which covers only claims relating to incidents occurring after April 24, 1980. This coverage provides for claims up to $5,000,000 and has a $50,000 deductible. The City participates in a number of federal and state assisted grant programa. These programs are subject to program compliance audita by the grantors or their representatives. The audits of certain of these programs for various periods prior to or including the year ended June 30, 1981 have not yet j been conducted. Accordingly, the City's compliance with applicable grant requirements will be established at some future date. The amount, if any, of expenditures which may be disallowed by the granting agencies cannot be determined at this time, although the City expects such amounts, if any, to be immaterial. �O V MICROFILMED BY J JORM MICR6LAB j CEDAR RAPIDS • DES MOINES r i 1 r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Note 13. Assets Associated With Equity Reserve Balances Certain assets of some enterprise funds have been reserved in accordance with the revenue bond ordi- nances in effect at June 30, 1981 and for future use in capital improvements. The reserved assets and the related liabilities are as follows: Assets: Cash Investments • Due from other funds Accrued interest I r Liabilities: I Current maturities of revenue bonds payable Interest payable Deposits Contracts payable Reserved retained earnings Parking Sewer Water $ 86 $ 34 $ 49 836,393 1,674,216 817,863 64,722 29,083 37,013 �.t ,247�7.,2� 13 044 - 7 $1 $ 8.925 - $ 60,000 $ 170,000 173,808 20,022 16,322 - - 36,964 18,319 385,961 - $ 192,127 $ 465,983 $ 223,286 $ 733,846 $1,250,394 $631,639 Note 14. Subsequent Events At June 30, 1981, the City had offered to purchase a piece of property adjoining the Recreation Center for $220,000 and had made a deposit of $22,000 on the purchase. Subsequent to year end, the property was acquired for a total of $250,500. Subsequent to year end, the construction warrants outstanding in the Special Assessments Fund were paid in cash or paid by Issuance of special assessment bonds totaling $370,000. The bonds bear interest at 10% and mature In varying amounts, with final payment due December 31, 1990. MICROEILPIED BY 1 JORM MICR41LAB CEDAR RAPIDS • DES MOINES I ' 1 1 r CITY OF IOWA CITY, IOWA COMBINING BALANCE SHEET SPECIAL REVENUE FUNDS June 30, 1981 Other Community Shared Federal - Development Revenues Revenue Total ASSETS Block Grant And Grants Sharing Cash $ 243 $ - $ - $ 243 Investments 263 63,796 237,033 301,112 Receivables: 115 3,860 - 3,975 Accounts _ 942 11,965 12,907 Interest 25,247 135 25,382 Due from other funds Due from other governments 546,477 85,003 144,553 776,166 Prepaid expenses 33 127 39 Total assets $ 5472245 S 178,887 $ 393,686 $1,119,818 LIABILITIES AND MUNICIPAL EQUITY - Liabilities: 44,703 $ 24,773 $ - $ 69,476 Accounts payable $ • - 176,079 Contracts payable 176,079 - - 3,574 Accrued liabilities 3,443 131 Deferred revenues 35,035 - 35,035 322,777 2 525 - 302 Due to other funds - $ 0325 66 Total liabilities $ 547,002 4i�6 4� $ Municipal equity, fund balance (deficit):550 $ - $ 67,298 Reserved for encumbrances $ 66,748 $ 115.873 393 686 443 054 - Unreserved (66 505505) Total municipal equity $ ,423 S 3 S 10,3 2 Z4j S 116 Total liabilities and municipal equity S 547.245 $ 178,887 S 393,686 51.119.818 FH 1 ri I r1 I I -42 - Q9 1 MICROFILIIED BY t I JORM MIC R4ILAB 1 � j CEDAR RAPIDS DES tdD1YES � Ir r CITY OF IOWA CITY, IOWA COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES SPECIAL REVENUE FUNDS Year Ended June 30, 1981 - REVENUE Intergovernmental Charges for services Uses of money and property Miscellaneous EXPENDITURES Current: Human development Home and community environment r, Policy and administration Capital outlay Revenue over _ expenditures OTHER FINANCING (USES), operating transfers (to) — other funds •'� Revenue over (under) expenditures and other financing uses FUND BALANCE, BEGINNING FUND BALANCE, ENDING Other Community Shared Federal Development Revenues Revenue Block Grant And Grants Sharing Total $ 2,708,123 $ 1,430,672 $ 571,289 $ 4,710,754 0 120 4,004 1,214 35,483 40,701 124 609 43,272 167.881 S 2,837,5Z-6 S 1,475,158 S 606,772 S ,9+9119,4456 $ 42,131 $ _ $ _ $ 42,131 665,101 73,245 - 738,346 104,578 87,040 - 191,618 2 006 540 24,089 S 2,818,35 $ 1842374 2 030 629 $ 19,176 $ 1,290,784 $ 606,772 $ 1,916,732 (19,176) _(1,247,592) _ (719,022) (1,985,790) $ - $ 43,192 $ (112,250) $ (69,058) 243 _ 73,231 _ 505,936 _ 579,410 $ 243 $ 116,423 $ 393,686 $ 510,352 -43- l htl CRDSU4CD DY -CORM MICR( LA9 I 1 + CEDAR RAPIDS DES MDIYES i 19;.j 1 ■ •r CITY OF IOWA CITY, IOWA COMBINING BALANCE SHEET CAPITAL PROJECTS FUNDS June 30, 1981 -44 - I Vii CROFIL6IED BY '.• �mac. ,• JORM MIC R6LAB � � CEDAR RAPIDS DES MDI9E5 1 i \1 Bridge, Street And Traffic Library Other ASSETS Control Construction Construction Total Investments $1,662,514 $ 188,200 $ 3,268 $1,853,982 Receivables, accrued interest 51,016 32,331 194 83,541 Due from other governments - 1,195 - 1,195 ._ Total assets $1,713,530 $ 221,726 $ 31462 $1,938,718 LIABILITIES AND MUNICIPAL EQUITY (DEFICIT) Liabilities: Accounts payable $ 16,979 $ 98,789 $ 1,531 $ 117,299 Contracts payable 182,450 50,000 62,291 294,741 Due to other funds - 276 30,253 30,529 Accrued liabilities 2,243 - 140 2,383 Total liabilities $ 201,672 $ 149,065 $ 94,215 $ 444,952 Municipal equity, fund balance (deficit): Reserved for encumbrances $ ,465,446 $ 6,488 $ 27,279 $ 499,213 Unreserved, designated for future improvements 1,046,412 66,173 (118,032) 994,553 Total municipal equity •"' (deficit) $1,511,858 $ 72,661 $ (90,753) $1,493,766 Total liabilities and _. / municipal equity $1,713,530 $ 221,726 $ 3,462 $1,938,718 -44 - I Vii CROFIL6IED BY '.• �mac. ,• JORM MIC R6LAB � � CEDAR RAPIDS DES MDI9E5 1 i \1 r -45- 19A7 MiCROEILMED DY JORM MICR16LAB 1 CEDAR RAPIDS DES MOINES 7 ; � ■ CITY OF IOWA CITY, IOWA COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES CAPITAL PROJECTS FUNDS — Year Ended June 30, 1981 Bridge, _ Street And Traffic Library Other Control Construction Construction Total _ REVENUE Intergovernmental $ 567,419 $ - $ - $ 567,419 Charges for services - - 1,267 1,267 Use of money and property 250,245 126,304 853 377,402 Miscellaneous 127,316 20,546 6,855 154,717 $ 944,980 $ 146,850 $ 8,975 $ 1,100,805 EXPENDITURES, capital outlay 2,492,259 1,886,848 250,675 4,629,782 II Revenue (under) expenditures $(1,547,279) $(1,739,998) $ (241,700) S(3,528,977) w ,s OTHER FINANCING SOURCES Proceeds from general obligation bond sale $ 1,028,000 $ - $ - $ 1,028,000 Operating transfers from other Fonda - - 158,222 158,222 _ i $ 1,028,000 S - $ 158,222 $ 1,186,222 Revenues and other financing sources _ (under) expenditures $ (519,279) $(1,739,998) $ (83,478) $(2,342,755) FUND BALANCE (DEFICIT), - BEGINNING 2,031,137 1,812,659 (7,275) 3,836,521 I FUND BALANCE (DEFICIT), ENDING S 1,511,858 $ 72,661 $ (90,753) L1,493,766 -45- 19A7 MiCROEILMED DY JORM MICR16LAB 1 CEDAR RAPIDS DES MOINES 7 ; � ■ r ASSETS Cash Investments Receivables: Accounts and unbilled usage Interest Due from other funds Due from other governments Inventories Prepaid expenses Property and equipment: Land Buildings and structures Improvements other than buildings Equipment and vehicles Accumulated depreciation Construction in progress Total assets CITY OF IOWA CITY, IOWA COMBINING BALANCE SHEET ENTERPRISE FUNDS June 30, 1981 Housing Pollution Total Parking Con_ trol Na,�- Sanitation Airport Authorit 300 $ - $ 6,402 $ 7,192 $ 406 $ 34 $ 50 $ 465 690 1,177,168 2,028,836 944,808 83,591 57,522 173,765 4, , 221 447,213 133,116 195,096 114 647 3,382 5,796 171,963 44,322 83,327 30,489 _ _ 279,275 64 724 173,277 39,816 1,458 _ 13,108 934,602 X940 920,554 _ _ 105,185 105,185 51 18,610 685 2,171 2,601 6,768 6,334 - 1,884,280 1,405,044 19,293 60,547 145,264 254,132 _ 6,515,152 150,210 2,355,126 3,722,242 11,122 276,452 3,539 6,352,069 2,564,238 8,274 529,755 - 9,457,875 L 950 3,650 7,102 1220055 22,402 35,918 51,033 1 286) (649,630) - (7,111,482) (7 193) (3,974,232) (2,479,141) ( , 197.256 25,932 14,915,303 7,107,593 -7,584,522 �_ 9 969 gy0 $15 714,011 $ 5,236,964 38$ 0,868 67$ 8,853 23� 2.37 $32 212,913 MICROFILMED BY JORM MIC R(SLAB CEDAR RAPIDS - DES MOVIES I 1 J r LIABILITIES AND MUNICIPAL EQUITY Liabilities: Accounts payable $ 7,881 $ 67,554 $ 72,252 $ 3,213 $ 53,174 $ 9,183 $ 213,257 Contracts payable 18,319 385,961 - - 18,815 - 423,095 Accrued liabilities 32,751 60,178 74,596 49,833 1,889 10,734 229,981 Claims payable - - - - - - - Due to other funds 1,135 43,642 8,722 19,911 40,184 25,253 138,847 Due to other governments - - - - - 69,200 69,200 Interest payable 173,808 83,594 21,039 - - 9,646 288,087 Customer deposits - - 36,964 - - - 36,964 Revenue bonds payable 5,200,000 1,130,000 1,517,000 - - - 7,847,000 General obligation bonds payable Total liabilities - $5,33,89 31-01-6-665 $ 400 000 $2j$2 - 5LS - 1 ,062lyS - 2 ,016 3 416 665 512, 63,0 6 Municipal equity: Contributed capital $ 47,706 $11,228,772 $1,479,729$145,264$89 0,1464$ 4,450 $13,836,067 Retained earnings (deficit): Reserved $ 733,846 $ 1,250,394 $ 631,639 $ - $ - $ - $ 2,615,879 Unreserved 3,754,394 (1,552,749) 995,023 162,647 (325,355) 63,911 3,097,871 Total retained earnings (deficit) $4,488,240 y$ (302,355) $1,626,662$162,647$(325,355)$6 3,911 $ 5,713,750 Total municipal equity $4,535,946 $10,926,417 $3,106,391$307,911$564,791$108,361 $$19,549,812 Total liabilities and municipal equity $9,969,840 $15,714,011 $5,236,96438$ 0.86867$ 8,85323S 2,377 S32,212,913 MICROEILFIED BY DORM MIC RbLAa 1 I CEDAR RAPIDS DES MOINES I J J i r CITY OF IOWA CITY, IOWA COMBINING STATEMENT OF REVENUE, EXPENSES AND CHANCES IN RETAINED EARNINGS ENTERPRISE FUNDS Year Ended June 30, 1981 Housing Pollution --Total Parkin Control Wim_ Sanitation A1� r� Authorlt Parking 645,780 $ 678,316 $ 903,562 $1,329,693 $ 585,131 $ 25 873 519 $115.921 $3,154,653 55,432 20,457 57,194 10, 0 34 392 125 876 $3 800,433 $ 733,748 S 924,019 $1 386.887 595i�511 �- $ 26,449 $ 85,793 $1,392,477 $ 247,824 $ 327,733 $ 403,866 $ 300,812 20 795 3,479 432,120 11,860 54,561 286,429 54,996 30,209 10,386 1 174,001 95 600 224,911 432,744 380,151 55 28 :$::6 07,205 $1,123,039 j35 959 7S 7,453 9yS- =,658 $2 998,598 $ 378,464 $ 316,814 $ 263,848 $(140,448) $ (43,061) $ 26,218 $ 801,835 641 10,589 - ,200) 1,790 261,026 190,154 (464- $ 376,674 $ 55,788 $ 73,694 $(141,089) $ (53,650) $ 26,218 $ 337,635 160 18,967 - 24,399 4,268 140 864 225 12 527 - 523,218 139,579 258,186 101,701 11, . - _ (472,249) (171,333) (215,086) (85,830) $ 349,188 $ 99,028 $ 90,429 $(129,704) $ (22,156) $ 26,218 $ 413,003 158,602 - (37,100) 37,100) 156,610 76,192 _ $ 349,188 $ 61,928 $ 53,329 $ 26,906 $ 54,036 $ 26,218 $ 571,605 4 139,052 (364,283) 1 573,333 135,741 (379,391) 37,693 _5 142jI45 4 Ogg 24p_ (30$ 2,355)$16.66216�J647 32S( 5,355) 6$ 3.9 $5 713.750 1 11 IdICROf ILMED BY L �F JORM MICRbLAB I f CEDAR RAPIDS • DES MOINES r 17 I I 1 J Operating revenue: Charges for services and use of property Miscellaneous Operating expenses! Personal services Commodities Services and charges Operating income (1088) before depreciation F Depreciation Operating income (logs) Nonoperating revenue (expenses): Other income Interest income Interest expense ' Income (logs) before operating transfers Operating transfers in (out) Net income Retained earnings (deficit), beginning Retained earnings (deficit), o ` ending V CITY OF IOWA CITY, IOWA COMBINING STATEMENT OF REVENUE, EXPENSES AND CHANCES IN RETAINED EARNINGS ENTERPRISE FUNDS Year Ended June 30, 1981 Housing Pollution --Total Parkin Control Wim_ Sanitation A1� r� Authorlt Parking 645,780 $ 678,316 $ 903,562 $1,329,693 $ 585,131 $ 25 873 519 $115.921 $3,154,653 55,432 20,457 57,194 10, 0 34 392 125 876 $3 800,433 $ 733,748 S 924,019 $1 386.887 595i�511 �- $ 26,449 $ 85,793 $1,392,477 $ 247,824 $ 327,733 $ 403,866 $ 300,812 20 795 3,479 432,120 11,860 54,561 286,429 54,996 30,209 10,386 1 174,001 95 600 224,911 432,744 380,151 55 28 :$::6 07,205 $1,123,039 j35 959 7S 7,453 9yS- =,658 $2 998,598 $ 378,464 $ 316,814 $ 263,848 $(140,448) $ (43,061) $ 26,218 $ 801,835 641 10,589 - ,200) 1,790 261,026 190,154 (464- $ 376,674 $ 55,788 $ 73,694 $(141,089) $ (53,650) $ 26,218 $ 337,635 160 18,967 - 24,399 4,268 140 864 225 12 527 - 523,218 139,579 258,186 101,701 11, . - _ (472,249) (171,333) (215,086) (85,830) $ 349,188 $ 99,028 $ 90,429 $(129,704) $ (22,156) $ 26,218 $ 413,003 158,602 - (37,100) 37,100) 156,610 76,192 _ $ 349,188 $ 61,928 $ 53,329 $ 26,906 $ 54,036 $ 26,218 $ 571,605 4 139,052 (364,283) 1 573,333 135,741 (379,391) 37,693 _5 142jI45 4 Ogg 24p_ (30$ 2,355)$16.66216�J647 32S( 5,355) 6$ 3.9 $5 713.750 1 11 IdICROf ILMED BY L �F JORM MICRbLAB I f CEDAR RAPIDS • DES MOINES r 17 I I 1 J tionally left blank.) L, IMICROFILMED BY JORM MICR+LAB-- CEDAR RAPIDS DES MOVIES a- 1 IfA7 I CITY OF IOWA CITY, IOWA 4 I.1IDR0f ILNED BY 1 JORM MIC R6LAB j ! CEDAR RAPIDS • DES b101AES r COMBINING STATEMENT OF CHANCES IN FINANCIAL POSITION ENTERPRISE FUNDS Year Ended June 30, 1981 /- Parking Pollution Control Water Sanitation Airport Housing Authority Total { SOURCES OF WORKING CAPITAL Operations: 54,036 26,218 $ 571,605 § $ 349,188 $ 61,928 $ 53,329 S 26,906 $ $ 7. .1Net income Item not requiring 1,790 261,026 190,154 641 10,589 - 464,200 resources, depreciatlu„ ' Working capital provided $ 350,978 $ 322,954 $243,483 $ 27,547 $ 64,625 $ 26,218 $ 1,035,805 1 by operations Contributions of capital from: - 3,353,695 - _ _ _ 3,353,695 y nts Other governments _ _ - 44,450 44,450 City of Iowa City _ 36,817 47,642 - - - 84,459 General public Proceeds from general - 1,542,000 - - _ - -1,542,000 1 obligation bonds r f Total sources of $ 350,978 $5,255,466 291 125 �--�-- 2$ 7,547 $ 64,625 7$ 0,668 yS 6,060,409 1, I• - working capital j• USES OF WORKING CAPITAL Purchase of property $ 1,479,534 $4,336,684 $ 97,683 $ 15,396 $ 204,676 $ 33,034 $ 6,167,007 and equipment - 60,000 192,000 252,000 Payment of revenue bonds Payment of general - 145,100 100,000 - _ _ 245,100 obligation bonds I Total uses of 1,479,534 $4,541,784 38$ 9,683 1$ 5,396 20$ 4,676 3$ 3,034 $ 6,664,107 working capital $ �. Net increase (decrease) in capital (1 1�28,55566) S $ 713,682$(98,558) 1$ 2,151 (1$ 40,051) 3$ 7,634 $ (603,698) working E�s tJ 4 I.1IDR0f ILNED BY 1 JORM MIC R6LAB j ! CEDAR RAPIDS • DES b101AES r r I M 0 i. I I4ICROF ILI•IED BY "JORM MICR46LAB - _l CEDAR RARIDS DES MOINES It J 1 y� J ELEMENTS OF NET INCREASE (DECREASE) IN WORKING CAPITAL$ 229 $ (318) $(22,444) $ (74) $ (11,868) $ 14,867 $ (19,608) Cash Investments (2,008,094) 208,374 (4,689) (1,117) (78,698) 16,486 (21,230) (9,231) 52,609 (6,778) (1,851,728 31,285 Receivables (23,195) 64,724 55,120 159,277 (16,797) 1,458 (6,777) 201,885 Due from other funds (67,085) 76,896 - - (1,517) 13,108 21,402 Due from other governments 493 86 (281) (1,551) 3,737 51 2,535 Prepaid expenses (22,960) (22,960) Inventories 11,415 (37,980) (33,594) 408 (51,216) (9,183) (120,150) Accounts payable 662,462 341,974 - 78,160 (18,815) 1,063,781 Contracts payable (9,452) (49,250) 5,563 (6,262) (645) (7,767) (67,813 Accrued liabilities Due to other funds 239,947 (40,497) (2,239) - 2,224 (22,489) (18,340) (933) 158,606 (933) Due to other governments - - Net increase (decrease) In working capital(1$�) $ 713,682$(98,558)1$ 2,151(14$ 0,051) 3yS X634 $ (603,698) i. I I4ICROF ILI•IED BY "JORM MICR46LAB - _l CEDAR RARIDS DES MOINES It J 1 r CITY OF IOWA CITY, IOWA COMBINING BALANCE SHEET INTERNAL SERVICE FUNDS June 30, 1981 ASSETS Investments Due from other funds Inventory Prepaid expense Property and equipment: Land Building and structures Improvements other than buildings Equipment and vehicles Accumulated depreciation Total assets LIABILITIES AND MUNICIPAL EQUITY Liabilities: Equipment Central 64,051 Maintenance Services Total $ 117,747 $ - $ 117,747 135,697 32,507 168,204 323,895 16,246 340,141 1,128 - 1,128 45,462 - 45,462 513,987 - 513,987 47,833 - 47,833 2,538,054 9,288 2,547,342 (1,304,233) (911) (1,305,144) $ 2,419,570 $ 57,130 2,476,700 Accounts payable $ 64,051 $ 1,244 $ 65,295 Other accrued liabilities 30,687 - 30,687 Due to other funds 1,658 6,033 7,691 Total liabilities $ 96,396 $ 7,277 $ 103,673 Municipal equity: Contributed capital $ 1,681,655 $ - $ 1,681,655 Retained earnings Total municipal equity X641 519 g 1,323,1-'74 ��49,s85533 691 372 S 49,853 Total liabilities and municipal equity S 21419,570 $ 57,130 $ 2,476,700 - 51 - i 111CROIILMED BY 1 JORM MICRQLAB CEDAR RAPIDS • DES MOPES 1 J�I r CITY OF IOWA CITY, IOWA COMBINING STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS INTERNAL SERVICE FUNDS Year Ended June 30, 1981 Operating revenue: Charges for services and use of property Miscellaneous Operating expenses: Personal services Commodities Services and charges Equipment Central Maintenance Services Total $1,611,591 $ 46,256 $1,657,847 $1. 13,121 12 $ 8 13 1 11 809 $ 274,202 $ - $ 274,202 731,661 13,195 744,856 108 176 19 109 127 285 1 $ 32.30 517 ,3 Operating income before depreciation $ 509,673 $ 15,833 $ 525,506 Depreciation 279,900 911 280,811 Operating income $ 229,773 $ 14,922 $ 244,695 Nonoperating revenue, interest 464 _ 464 Net income $ 230,237 $ 14,922 $ 245,159 Transfer from contributed capital of depreciation on assets acquired with federal grants 36,522 _ 36,522 Increase (decrease) in retained earnings $ 266,759 $ 14,922 $ 281,681 Retained earnings, beginning 374,760 34,931 409,691 Retained earnings, ending 641.519 49,853 691 372 -52- MICROEIEMED BY I -JORM MIC RE/LAB � CEDAR RAPIDS DES MOTIVES 19A7 1 I r CITY OF IOWA CITY, IOWA COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION INTERNAL SERVICE FUNDS Year Ended June 30, 1981 SOURCES OF WORKING CAPITAL Operations: Net income Items not requiring resources: Loss on disposition of property and equipment Depreciation Working capital provided by operations Contributions of capital from other governments Total sources of working capital USES OF WORKING CAPITAL, purchase of property and equipment Net increase in working capital ELEMENTS OF NET INCREASE (DECREASE) IN WORKING CAPITAL Investments Due from other funds Due from other governments Inventory Prepaid expenses Accounts payable Accrued liabilities Due to other funds Net increase in working capital -53- Equipment Central Maintenance Services Total $230,237 $ 14,922 $245,159 22,922 - 22,922 279,900 911 280,811 $533,059 $ 15,833 $548,892 4,922 z.�= - 4,922 -$'53 7,9s1 $ 15,833 $553,814 137,756 9,288 147,044 $400,225 $ 6,545 $406,770 $117,747 $ - $117,747 209 2,806 3,015 (955) - (955) 33,774 3,614 37,388 (237) (35) (272) 222,366 160 222,526 (3,506) 6,033 2,527 30,827 (6,033) 24,794 $400,225 $ 6,545 $406,770 t11CROFIL111D BY JCRM MIC ROLA.B CEDAR RAPIDS DES h10II4E5 ' I a M 19 a7 " r ASSETS Cash Investments Receivables: Accrued interest Due from other funds Prepaid expenses Total assets I c LIABILITIES AND MUNICIPAL 1 EQUITY Liabilities: Accounts payable Due to other funds Total Liabilities Municipal equity, fund balances, reserved for: Employee retirement system Perpetual care Total municipal equity Total liabilities and municipal equity CITY OF IOWA CPTY, IOWA COMBINING BALANCE SHEET TRUST AND AGENCY FUNDS June 30, 1981 Pension And Nonexpendable Agency $ 80,060 5,091 Retirement Trusts Trust Fund Perpetual Fund Project $ 12,197 Police Fire Care Green Total $ 2,675 2,140,023 $ 65 2,375,445 $ - 80,400 $ - 40,955 S 2,740 4,636,823 16,095 17,177 3,091 933 37,296 567 ' _ 337 230 _ 18,217 18,217 2 1$� $2,392,687 $ 83,828 $ 60,335 $4,695,643 $ 7,528 $ 12,197 $ - $ 60,335 $ 80,060 5,091 1,6983,393 $ 9,226 $ 3,393 $ 60,335 $ 85,151 $ 12,197 $2,149,567 $2,380,490 $ $ - $4,530,057 80,435 80,435 $ 80,435 $ - $4,610,492 380,490 $2 9,567 $2,158,793 $2,392,687 $ __j3,8 28 9 60,335 $4,695,643 1 141CROEILMED BY J JORM MICR46LA13 CEDAR RAPIDS • DES MOINES I 1 I 1 I1I1 y1 L CITY OF IOWA CITY, IOWA COMBINING STATEMENT OF REVENUE, EXPENSES AND .� CHANGES IN FUND BALANCES PENSION AND RETIREMENT TRUST FUNDS Year Ended June 30, 1981 _ J� Police Fire Total 1 Operating revenue: $ 229,356 $ 284,517 $ 513,873 Property taxes 152,654 209,109 361,763 Use of money and property 23,458 33,688 57,146 _ Intergovernmental 21434 19'107 41,187 , Contributions - 107 Miscellaneous $ 426,902 $ 547,174 $ 974,076 Operating expenses: $ 90,094 $ 146,359 $ 236,453 52 Personal services 51,778 423+201 Services and charges $ -1-:4:1,872 $ 146,782 S 288,654 $ 285,030 $ 400,392 $ 685,422 Net income 1,864,537 1,980,098 3,844,635 Fund balance, beginning $2.149,567 $2,380,490 $4,530,05 Fund balance, ending 7 r. - 55 - i9a7 r• r_ I41CRUILMED D1' -CORM MIC Rl�LAO 1 1 CEDAR RAPIDS DES MOINES _ t 7 1 � � a� r CITY OF IOWA CITY, IOWA COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION PENSION AND RETIREMENT TRUST FUNDS Year Ended June 30, 1981 SOURCES OF WORKING CAPITAL,Police Fire Total operations, net income and net increase in working capital $285,030 $400,392 $685,422 ELEMENTS OF NET INCREASE (DECREASE) IN WORKING CAPITAL Cash Investments Receivables Due from other funds Accounts payable Due to other funds Net increase in working capital -56- $ (12) $(12,153) $(12,165) 336,372 436,855 773,227 (49,250) (23,428) (72,678) (382) (882) (1,264) (1,698) - (1,698) $285,030 $400,392 $685,422 t 11ICRor ILNED DY "DORM MICR46LAB l CEDAR RAPIDS • DES 1.10 NES � I /?X7 J� (This page intentionally left blank.) _ 19.7 �,. MICROFILMED BY mac. -,y 1 JORM MICRbLAE3 CEDAR RAPIDS DES MOVIES I �� L SECTION IIICROFIL14ED B1' JORM MICROLAB I CEDAR RAPIDS • AES MOINES 1W ml J a� r * Eighteen month period ended June 30, 1975. Later periods are on a June 30 fiscal year basis and earlier periods are on a calendar year basis. ** Assessed value changed from 27% to 100% of actual value. .O V 1 111CROCILICO BY J c JORM MICR46LAO j CEDAR RAPIDS DCS tgDL"I[5 L CITY OF IOWA CITY, IOWA PROPERTY TAX LEVIES AND COLLECTIONS Delinquent Total As A % Assessment Collection Total Current Tax X Of Levy Tax Total Tax Of Current Date Year Tax Levy Collections Collected Collections Collections Levy 1970 1971 $2,567,028 $2,553,624 99.5% $26,725 $2,580,349 100.5% 1971 1972 2,902,628 2,866,145 98.7 44,473 2,910,618 100.3 1972 1973 3,134,947 3,114,393 99.3 51,743 3,166,136 101.0 1973 1975* 5,427,059 5,378,747 99.1 15,576 5,394,323 99.4 1974 FY76 4,148,714 4,153,463 101.1 40,380 4,193,843 101.8 1975 FY77 4,712,465 4,710,074 99.9 32,080 4,742,154 100.6 1976 FY78 4,955,262 4,969,801 100.3 44,823 5,014,624 101.2 1977 FY79 5,676,460 5,607,321 98.8 28,229 5,635,550 99.3 1978 FY80 6,267,062 6,233,220 99.6 37,693 6,270,913 100.1 1979 FY81 7,463,393 6,832,993 91«6 44,123 6,877,116 92.1 ASSESSED AND ACTUAL VALUE OF TAXABLE PROPERTY ' u, v Assessment Collection Real Personal R.R. Utility Total Assessed Monies Total Date Year Property Property Property Valuation And Credits Actual Value 1972 1973 $ 68,386,048 $ 7,773,730 $ 4,546,295 $ 80,706,073 $ 124,640 $299,036,021 1973 1975* 71,264,091 8,394,046 4,855,441 84,513,578 53,144 313,066,396 1974 FY76 82,244,844 8,390,355 5,062,620 95,697,819 95,802 354,532,169 1975 FY77** 379,504,175 30,946,885 20,680,850 431,131,910 29,080 431,160,990 1976 FY78 390,559,758 31,098,091 22,334,309 443,992,158 28,453 444,020,611 1977 FY79 409,890,264 31,668,916 24,907,900 466,467,080 28,416 466,495,496 1978 FY80 483,948,173 31,127,990 28,861,094 543,937,257 28,468 543,965,725 1979 FY81 559,523,830 31,127,903 33,084,617 623,736,350 28,416 623,764,766 1980 FY82 767,086,636 31,127,990 34,146,308 832,360,845 28,416 832,389,261 1981 FY83 847,141,799 31,127,919 38,363,617 916,633,335 28,416 916,661,751 NOTE': In 1971, the state government began taxing banks and supplying the taxing agencies with a replacement of the monies and credits tax. The value of the monies and credits for those institutions was excluded from the actual value total. * Eighteen month period ended June 30, 1975. Later periods are on a June 30 fiscal year basis and earlier periods are on a calendar year basis. ** Assessed value changed from 27% to 100% of actual value. .O V 1 111CROCILICO BY J c JORM MICR46LAO j CEDAR RAPIDS DCS tgDL"I[5 L r CITY OF IOWA CITY, IOWA RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA Ratio Of Net Net Bonded Assessment Assessed Value Grose Bonded Debt Debt Due Net And Unpaid Bonded Debt Bonded Debt To Assessed Value Debt Per Capita Date Population 1972 46,850 80,706,073 5,400,000 5,000 5,395,000 .0668 to 1 115.15 1973 46,850 84,513,578 4,981,000 4,981,000 .0589 to 1 1 106.32 107.70 1974 47,744 95,697,819 5,142,000 5,142,000 5,053,000 .0537 .0117 to to 1 105.84 1975 1976 47,744 47,744 431,131,910 443,992,158 5,053,000 4,314,000 4,314,000 .0097 to 1 90.36 1977 47,744 466,467,080 3,795,000 3,795,000 .0081 to 1 79.49 1978 47,744 543,967,758 5,966,000 5,966,000 .0110 to 1 124.96 1979 50,508 623,736,350 12,707,000 12,707,000 .0204 to 1 1 251.58 232.89 1980 50,508 832,360,845 11,763,000 11,763,000 .0141 to 1 265.07 1981 50,508 916,661,751 13,389,000 13,389,000 .0146 to COMPUTATION OF DIRECT AND OVERLAPPING DEBT June 30, 1981 % APPLICABLE NET DEBT TO TRIS NAME OF GOVERNMENTAL UNIT OUTSTANDING GOVERNMENTAL UNIT City of Iowa City $13,389,000 100.00% Johnson County 1,680,000 49.89% Ia. City Comm. School Dist. 3,381,000 68.98% TOTAL $t8, 50,000 *Per Capita Actual Value —O A IOWA CITY RATIO TO CITY PER CAPITA SHARE OF DEBT ACTUAL VALUE POP. 50,508 $13,389,000 2.11% $265.09 838,152 .13% 16.59 2.332.214 .37% 46.18 $16,559,366 2.61% $327.86 141CROEIU4ED D1' j JORM MIC ROLA13 1 CEDAR RAPIDS • DES 14011IES I $12,552.89 7 M CROEILMED DY i JORM MICROCAB .1 � CEDAR RAPIDS • DES MDIYES I r CITY OF IOWA CITY, IOWA PROPERTY RATES1.000 TP LVERNMENTS R ASSESSEDVALUATION Basic Ratio Of Iowa City School County School City Of Johnson Area Total Iowa City To Total Collection District Levy Iowa City Count School Year 37.590 15.789 1.508 130.847** 28.7 1972 51.839 20.248 38.073 17.732 1.508 136.116** 28.0 _ 1973 74.931* - 42.304 18.259 1.507 134.221** 31.5 FY/75 *** 68.318 34.3 42.751 22.515 1.938 124.647** FY/76 57.253 - 10.951 4.381 483 30.742 25.6 gy/77**** 14.927 - I.406 11.096 4.500 31.142 35.6 FY/78 15.140 - 12.079 4.997 .416 32.342 37.3 FY/79 14.850 - 11.432 5.194 416 30.498 37.5 FY/80 13.456 - 12.515 5.290 .407 31.720 39.5 FY/81 13.508 - 12.241 6.185 .414 32.505 37.7 gy/B2 13.665 - _ * Basic school levy combined by law in 1972 with school district levy. ** Includes mill levy for Joint County School Board not included elsewhere. 30, 1975. Later periods are on a June 30 fiscal year basis, earlier *** Eighteen month period ended June periods are on a calendar year basis. to dollar/actual valuation amounts. 1976 Is on o fiscal year balls. **** Changed from mills M CROEILMED DY i JORM MICROCAB .1 � CEDAR RAPIDS • DES MDIYES I r r CITY OF IOWA CITY, IOWA RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL BONDED DEBT TO TOTAL GENERAL EXPENDITURES General expenditures are those made out of the General Fund, Debt Service and Pension and Retirement Fund. * Eighteen month period ended June 30, 1975. Later periods are on a June 30 fiscal year basis, earlier periods are on a calendar year basis. -60- p �1 • � I i I J• FIIDRO(TUIED 6Y JORM MIC RIJLA B J f CEDAR RAPIDS DES MOINES I _ J 1 Ratio Of Debt Service Total Total General To General Year Principal Interest Debt Service Expenditures Expenditures 1971 $ 264,000 $160,999 $ 424,999 $ 5,017,290 .085 to 1 1972 419,000 217,954 636,954 5,168,402 .123 to 1 1973 439,000 202,900 641,900 5,809,596 .110 to 1 1975* 489,000 321,538 810,538 10,430,585 .078 to 1 FY76* 739,000 203,482 942,482 7,801,892 .121 to 1 FY77 804,000 183,356 987,356 9,048,699 .109 to 1 FY78 844,000 272,351 1,116,351 9,200,611 .121 to 1 FY79 1,009,000 282,755 1,291,755 10,562,990 .122 to 1 FY80 944,000 536,454 1,480,454 9,694,029 .153 to 1 FY81 944,000 632,953 1,576,953 10,959,476 .144 to 1 General expenditures are those made out of the General Fund, Debt Service and Pension and Retirement Fund. * Eighteen month period ended June 30, 1975. Later periods are on a June 30 fiscal year basis, earlier periods are on a calendar year basis. -60- p �1 • � I i I J• FIIDRO(TUIED 6Y JORM MIC RIJLA B J f CEDAR RAPIDS DES MOINES I _ J 1 r L CITY OF IOWA CITY, IOWA SCHEDULE OF REVENUE BOND COVERAGE (CASH BASIS) Water Revenue 1971 $ 965,406 $453,702 $511,704 Parking Revenue $137,588 $232,588 _ 1972 932,104 449,801 482,303 Net Revenue 117,027 237,027 2.0 1973 872,590 549,152 323,438 105,000 Available For Debt Service Requirements _ 1975* 1,419,302 - Year Revenue Expense Debt Service Principal Interest Total Coverage 454,977 130,000 1971 $ 287,558 $161,215 $126,343 $105,000 $ 17,513 $122,513 1.0% 99,195 1972 270,733 100,204 170,529 230,000 11,375 241,375 .7 235,482 1973 272,333 73,334 198,999 - - - - 1.9 1975* 425,827 104,170 321,657 - - - - 1981 1976 320,494 64,931 255,563 - - - - period ended 1977 571,060 88,822 452,238 - - - - are on a calendar year basis. 1978 574,708 109,592 465,116 - - - - 1979 553,675 119,946 433,729 - - - - 1980 759,203 132,678 626,525 - 370,403 371,403 1.68 1981 753,332 372,473 380,859 - 341,009 341,009 •1.11 ie Sever Revenue 1971 $ 508,815 $227,722 $281,093 $ 35,000 $ 57,878 $ 92,878 3.0% 1972 490,494 233,473 257,021 40,000 55,723 95,723 2.7 1973 495,713 245,036 250,677 40,000 54,408 94,408 2.7 1975* 785,097 446,819 338,278 80,000 78,960 158,960 2.1 1976 672,893 349,189 323,704 45,000 49,960 94,960 3.4 - 1977 796,949 400,480 396,469 50,000 49,787 99,787 4.0 1978 855;256 393,529 461,727 50,000 47,222 97,222 4.7 - 1979 947,758 515,847 431,911 50,000 45,833 95,833 4.5 1980 952,211 566,067 386,144 55,000 43,748 98,748 3.9 1981 947,358 844,475 102,883 60,000 41,663 101,663 1.0 Water Revenue 1971 $ 965,406 $453,702 $511,704 $ 95,,000 $137,588 $232,588 2.2% 1972 932,104 449,801 482,303 120,000 117,027 237,027 2.0 1973 872,590 549,152 323,438 105,000 124,446 229,446 1.4 _ 1975* 1,419,302 853,170 566,132 125,000 166,927 291,927 1.9 1976 1,190,176 735,199 454,977 130,000 101,072 231,072 2.0 1977 1,230,955 786,926 444,029 140,000 99,195 239,195 1.9 1978 1,392,589 947,120 445,469 145,000 90,482 235,482 1.9 1979 1,381,403 919,577 461,826 170,000 73,649 243,649 1.9 1980 1,505,369 1,101,264 404,105 217,308 67,302 284,610 1.4 1981 1,464,305 1,034,350 429,955 188,357 68,680 257,037 2.1 * Eighteen month period ended June 30, 1975. Later periods are on a June 30 fiscal year basis, earlier periods are on a calendar year basis. - 61 - 111CROf1LMED 6Y JORM MICR6LA13 CEDAR RAPIDS • DES M013ES /9a7 1 C CITY OF IOWA CITY, IOWA SUMMARY OF BONDED INDEBTEDNESS DEBT SERVICE REQUIREMENTS TO MATURITY RITY (INCLUDING INTEREST) June 3 Year Ended General Capital Leases Revenue Bonds __Tot June 30 Obligation 669,054 $ 2,700,879 1982 $ 2,010,937 20,918 $13,017 $ 744,054 2,756,021 2,606,155 1983 1,998,950 1,860,300 8,459 737,396 704,761 2,607,870 1984 1985 1,894,650 81459 5,639 728,358 2,485,422 2,332,651 1986 1,751,425 - 647,251 2,370,018 1987 . 1,685,400 - 751,618 2,241,145 1988 1,618,400 - 690,045 1,779,160 1989 1,551,100 - 720,860. 1,643,865 1990 1,058,300 - 638,065 1,642,422 1991 1,005,800 - 689,522 595,463 1992 952,900- 595,463 557,559 1993 - - 557,559 554,452 1994 - _ 554,452 450,090 1995 - _ 450,090 452,865 1996 - - 452,865 449,503 1997 - _ 449,503 450,002 1998 - _ 450,002 453, 705 1999 -_ - 453,705 455,442323 2000 - 455,423 455,369 2001 - _ 455,369 453,537 _ 2002 -_ _ 453,537 414j110 454,850 �-- "' 2003 _ 2004 S13 503,772_ $30 9426 Total $17,388,162 156,492 uq :1 IH 1 I/ -62- cS t41CPOr]LIdED or -,, JORM MIC RIJLAB ? LCEDAR RAPIDS DES MDINES r -63- ♦ � IdIDROi 1LI.1ED Dl' _ _I IJORM MICR40LAB CEDAR RAPIDS DES tf0I`!ES I j I J I Q a-7 CITY OF IOWA CITY, IOWA — MISCELLANEOUS STATISTICAL DATA Date of incorporation April 6, 1853 Form of government Manager/council Area 13,846 acres w Building permits - FY81: ;I Permits issued 489 Estimated cost $23,180,878 ly Fire protection: Number of stations 3 14 Number of employees 50 I Police protection: Number of stations 1 K� Number of employees 59 t, ly Recreation: Number of parks 27 Mini parks I i Number of acres 494.8 Number of swimming pools 3 Cemetery 1 Employees as of June 30, 1981 376 permanent 52 part-time Population: 1900 7,987 1910 10,091 1920 11,267 1930 15,340 1940 17,182 1950 27,212 1960 33,443 1970 46,850 1980 50,508 -63- ♦ � IdIDROi 1LI.1ED Dl' _ _I IJORM MICR40LAB CEDAR RAPIDS DES tf0I`!ES I j I J I Q a-7 r CITY OF IOWA CITY, IOWA MISCELLANEOUS STATISTICAL DATA Major employers: University of Iowa Veterans Hospital 13,250 Iowa City Community School District 979 American College Testing Program 950 Sheller Globe Manufacturing 827 ' Mercy Hospital 807 Owens Brush Company 716 Westinghouse Learning Corp. 545 Proctor and Gamble 500 Moore Business Forms 440 Northwestern Bell 275 240 Twelve largest taxpayers: 1979 Taxes Payable 1980-81 Total Taxes Paid Iowa -Illinois Gas 6 Electric Co. Proctor and Gamble $ 857,871.76 James 6 Loretta Clark 265,282.12 - Owens Brush 180,362.57 Nc:thwestern Bell Telephone Co. 177,692.25 H. J. Heinz Co. 168,455.35 Westinghouse Learning 159,555.16 Seville 151,839.94 Thomas S Bette 145,240.18139,663.95 American College Testing U.S. Post Office 126,131.55 Mark IV Apts. 117,818.99 i Total 115.375.81 �,• 52,605,289.63 •�' Percentage of total City actual 34.9% Elections: Last general election - 1980: Registered voters 62,110 Number of votes cast 43,382 Percentage voting 69.9% Last municipal election - 1979: Registered voters Number of votes cast 35,410 10,800 Percentage voting 30.5% -64- 111CR0EILMED 61' JORM MICRbLAB'- CEDAR RAPIDS • DES M014ES ' i tr (This page intentionally left blank.) 111CRONUIED BY JORM MICR6LA13 a CEDAR RAPIDS • DES 1401JNES M27 r CITY OF IOWA CITY SCHEDULE OF INSURANCE IN FORCE Insurance Company Type of Coverage Liability: Auto -owners (Mutual) Insurance Co. Auto - liability and physical damage Northwestern National Insurance Co. Empire Fire and Marine Insurance Co. Empire Fire and Marine Insurance Co. Vanguard Underwriters Insurance Co Vanguard Underwriters Insurance Co Puritan insurance Company Northwestern National Insurance Co. Property: Iowa Kemper Insurance Co. Iowa Kemper Insurance Co. Iowa Kemper Insurance Co. Iowa Kemper Insurance Co. Boilers and machinery: Hartford Steam Boiler Inspection and Insurance Company Fidelity bonds: Aid Insurance Co. (Mutual) U.S. Fidelity and Guaranty Co. Transamerica Insurance Co. Employee benefits: Manufacturers Life Insurance Co. Iowa National Mutual Insurance Co. Blue Cross/Blue Shield of Iowa *Subject to audit Transit - liability and physical damage Comprehensive general liability Excess coverage over and above auto, transit, comprehensive general, public official, police professional Public official liability Police professional liability Airport liability and hangarkeeper's liability Excess coverage over and above transit liability Real and personal property, City buildings Real property, airport buildings Data processing equipment Non -licensed vehicular equipment Boilers, City buildings Public employee blanket position bond Airport commissioners (4) Airport commissioners (1) Group life Workers' compensation Group health -65- 141CROEILI4ED BY JORM MICR46LA13 CEDAR RAPIDS DES MOINES 1 i /9a.7 - J 7 r - Term Of Annual Policy Premium Limits Of Coverage r Bodily injury - $ 250,000/person; $500,000/occurrence 09/80-81 $ 23,435 Property damage - $100,000/occurrence w.07/80-81 38,280 $500,000/person/occurrence $450,000/occurrence; $1,800,000/annual aggregate 04/81-82 04/81-82 31,500 47,000 $5,000,000/occurrence; $5,000,000/annual aggregate $1,000,000/occurrence/annual aggregate 02/81-82 08/80-81 7,119 12 194 $500,000/occurrence; $1,000,000/annual aggregate " Airport Liability - $1,000,000/occurrence $800,000/occurrence 04/81-82 6,200 .., Hangarkeeper's - $600,000/aircraft; $500,000/occurrence; $500,000/aggregate 07/80-81 4,900 - 01/81-82 44,682 _ $29,580,000 (value) 01/81-82 3,687 _ $344,300 (value) 03/81-82 1,123 $151,300 (value) 09/80-81 3,904 $662,000 (value) J 03/81-82 1,214 $1,000,000/accident - $2,500/position; additional $7,500/City 01/81-82 577 Treasurer; $2,500/City Manager Various 72 $1,000/person y 03/78-84 16 _.. $1,000/person J 01/80-81 17,084 Based on employee's annual salary N/A 86,501* N/A 12/80-81 335,602 Basic medical and hospital services, major medical up to $50,000/person -66- f I,IICRDFILIEED BY 1 JORM MICR6LAB CEDAR RAPIDS DES MOINES ! I _ J 19x7 1:: i _ _. �� :: �- .. 19�y Il t1I 11 11�� 1++11 .111 � �----� ,� r 4J fi L F I N L duly 1,19`79 fhrough June 3C CITY C)r IOWA JORM MICROLAS U;ine p.v IDS. • !'. '71 !:,P F CITY tgal., M It McGladrey Hendrickson & Co. CERTIFIED PUBLIC A1111111111 8 To the Honorable Mayor and City Council City of Iowa City, Iowa INTERNAL ACCOUNTING CONTROLS We have examined the financial statements of the City of Iowa City, Iowa for the year ended June 30, 1980 and have issued our report thereon dated June 12, 1981, except for the General Fixed Assets Group of Accounts as to which the date is June 18, 1982. As a part of our examination, we made a study and evaluation of the City's system of internal accounting controls to the extent we considered necessary to evaluate the system as required by generally accepted auditing standards. The purpose of our study and evaluation was to determine the nature, timing and extent of other auditing procedures necessary to express an opinion on the City's financial statements. Our study and evaluation was more limited than would be necessary to express an opinion on the system of internal accounting controls taken as a whole. The management of the City of .Iowa City, Iowa is responsible for establishing and maintaining a system of internal accounting controls. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of control procedures. The objectives of a system are to pro— vide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposi— tion, and that transactions are executed in accordance with management's authorization and recorded properly to permit the prep— aration of financial statements in accordance with generally accepted accounting principles. Because of inherent limitations in any system of internal accounting controls, errors or irregularities may nevertheless occur and not be detected. Also, projection of any evaluation of the system to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the degree of compliance with the procedures may deteriorate. 1 i MICROf ILMED BY 1 JORM MIC REfL AEI L ? I CEDAR RAPIDS • DES MOINES i r� I J r Our study nd evaluation made for the lim._ed purpose described in the first paragraph would not necessarily disclose all material weaknesses in the system. Accordingly, we do not express an opinion on the system of internal accounting controls of the City of Iowa City, Iowa taken as a whole. However, our study and evaluation disclosed the following condition that we believe results in more than a relatively low risk that errors or irregularities in amounts that would be material in relation to the financial statements of the City of Iowa City, Iowa may occur and not be detected within a timely period. Segregation of Duties: Condition: In the cash disbursement cycle one person prepares and files purchase orders and vouchers, keypunches information for check preparation, reconciles the printed checks to the vouchers and mails the checks after they are signed. Recommendation: An effective system of internal control requires adequate segregation of duties in that no one individual handles a transaction from beginning to end. Based upon the number of people available in the accounting department, we recommend that the City reassign some of these duties to other indi- viduals to help strengthen the controls over cash disbursements. City Response: This recommendation has been taken into con- sideration and job duties will be reassigned as appropriate to strengthen the internal controls. This condition was considered in determining the nature, timing, and extent of the audit tests to be applied in our examination of the financial statements for the year ended June 30, 1980, and this report does not affect our report on these financial statements dated June 12, 1981, except for the General Fixed Asset Group of Accounts as to which the date is June 18, 1982. COMPLIANCE MATTERS The following comments about the City of Iowa City, Iowa operations for the year ended June 30, 1980 are based exclusively on knowledge obtained from procedures performed during our examination of the City's financial statements for the year ended June 30, 1980. Since our examination was based on tests and samples, not all transac- tions that might have had an impact on the comments were necessarily examined. The comments involving statutory and other legal matters are not intended to constitute legal interpretations. - 2 - 11ICROEILMED DY I1 JORM MICROLAB-- CEDAR RAPIDS DES MOINES I F M4 1. Official Depc ory Banks The City's depository banks are: Maximum Authorized Bank Deposit First National Bank, Iowa City, Iowa Iowa State Bank, Iowa City, Iowa $6,000,000 Hawkeye State Bank, Iowa City, Iowa 6,000,000 6,000,000 A resolution naming these banks as official depository banks is on file with the State Treasurer. The maximum deposit amounts were not exceeded during the year. 2• Certified Budget Program expenditures during the year ended June 30, 1980 did not -exceed amounts budgeted therefor. 3. Entertainment Expense We noted no expenditures for parties, banquets or other enter- tainment for employees that we believe may constitute an unlawful expenditure from public funds as this is defined in the Attorney General's opinion dated April 25, 1979. t 4. Travel Expense 1 No expenditures of City money for travel expenses of spouses of iofficials or employees were noted. 5. Conflict of Interest i No business transactions between the City and City officials and/or employees were noted. i 6. Investments The investment of funds resulted in interest received of $1,904,000 during the year. / 7. Council Minutes No transactions were found that we believe should have been approved in the Council minutes, but were not. f 8. Property and Equipment Records V City property and equipment records are complete through j June 30, 1980. 9. Surety Bond Coverage Surety bond coverage of City officials and employees is in accordance with statutory provisions. 3 - W MICROEILMED BY �- JORM MIC REfL4A_) l /� CEDAR RAPIDS DES M010E5 I I F A 1 I f� l� Other matters: Grant Compliance: Condition: The City has many projects funded by federal I grant monies. Each of the grants contain speci- fic restrictions and requirements with which the City must comply. The responsibility for moni- toring these grants is assigned to several dif- ferent departments throughout the City. As a result, it appears that the funds are not prop- erly monitored by informed individuals to assure compliance with the grant requirements. Recommendation: The City consolidate and assign the grant moni- toring process to one department. City Response: The consolidation of all grant monitoring would .necessitate the hiring of an additional employee. The.City's current monitoring system has not resulted in major deficiencies in compliance. Until such evidence is available, the additional staffing costs are not justified. Tort Liability Proceeds: Condition: In the current and prior years, the City has passed a tort levy to create a self-insurance reserve. According to an opinion from the State, a tort liability levy cannot be used to set up a self-insurance reserve. Recommendation: The proceeds received from the tort liability levy should be identified and used only to pay insurance premiums, claims and damage judgments. City Response: The reserve was discontinued during FY80 and the remaining balance was budgeted in FY81 to fund insurance premium costs. As a result, the tort liability levy in FY81 showed a significant reduc tion and the former reserve balance was used in full for insurance premium costs. This report is intended solely for the use of management and the Office of the Auditor of State, State of Iowa, and should not be used for any other purpose. We thank the officials and employees of the City for the cooperation and courtesies extended during the course of this examina- tion. If you have any questions about the preceding comments, or if we can be of assistance to you in implementing any of the recommen- dations, please contact us. W76(�7�Qa�.tw f�er►&UdSvn 069,Iowa City, Iowa o June 18, 1982 - 4 - 1l VucRonuam By J c JORM MICR6LAB j � CEDAR RAPIDS DES 1101AE5 f� ANNUAL FINANCIAL REPORT CITY OF IOWA CITY, IOWA N, FOR THE FISCAL YEAR ENDED JUNE 301 1080 i lu PREPARED BYE DEPARTMENT OF FINANCE CITY OF IOWA CITY, IOWA OCTOBER, 1982 MICROMMED BY � -JORMMICR4ILAB'- CEDAR RAPIDS •DES MOINES f r - CITY OF IOWA CITY, IOWA _ CITY..0 IN .I MARY NEUHAUSER MAYOR JOHN BALMER LARRY LYNCH i CLEMENS ERDAHL KATE DICKSON Wt I^ I i I I I CITY MANACTR NEAL G- BERLIN i I u t I-11CRUILMEB BY - JORM -MIC REILAB ] I � CEDAR RAPIDS • DES MOVIES i DAVID PERRET JOHN MCDONALD L, CITY OF IOWA CITY, IOWA Table of Contents June 30, 1980 Page INTRODUCTORY SECTION Letter of transmittal ii FINANCIAL SECTION ,:. Report of certified public accountants 1 GENERAL PURPOSE FINANCIAL STATEMENTS Combined balance sheet, all fund types and account groups 2-7 Combined statement of revenue, expenditures and changes in i, fund balances (deficit), all governmental fund types 8 and 9 Combined statement of receipts and disbursements - budget and actual, General, Special Revenue, Debt Service and Capital Projects Fund types 10 and 11 Combined statement of revenue, expenses and changes in y retained earnings/fund balances, all proprietary fund types and similar trust funds 12 and 13 Combined statement of changes in financial position, all proprietary fund types and similar trust funds 14 and 15 Notes to financial statements 16-36 SUPPLEMENTAL INFORMATION ALL SPECIAL REVENUE FUNDS ' - Combining balance sheet 37 Combining statement of revenue, expenditures and changes in fund balances 38 CAPITAL PROJECTS FUNDS Combining balance sheet 39 Combining statement of revenue, expenditures and changes in fund balances 40 ENTERPRISE FUNDS Combining balance sheet 41 and 42 '^ Combining statement of revenue, expenses and changes in retained earnings 43 and 44 Combining statement of changes in financial position 45 and 46 INTERNAL SERVICE FUNDS Combining balance sheet 47 Combining statement of revenue, expenses and changes - in retained earnings 48 Combining statement of changes in financial position 49 19.7 MICROFILMED BY -J L� JORM MICRbLAB CEDAR RAPIDS DES I40IYC5 I i r I r CITY OF IOWA CITY,.IOWA _ Table of Contents June 30, 1980 Page FINANCIAL SECTION TRUST AND AGENCY FUNDS Combining balance sheet 50 Combining statement of revenue, expenses and changes in fund balances, pension and retirement trust funds 51 Combining statement of changes in financial position, pension and retirement trust funds 52 STATISTICAL SECTION Property tax levies and collections 53 Assessed and actual value of taxable property 53 Ratio of net general bonded debt to assessed value and net bonded debt per capita 54 Computation of direct and overlapping debt 54 Property tax rates, all overlapping governments per $1,000 assessed valuation 55 Ratio of annual debt service expenditures for general bonded debt to total general expenditures 56 Schedule of revenue bond coverage 57 Summary of bonded indebtedness, debt service requirements to maturity (including interest) 58 Miscellaneous statistical data . 59 and 60 Schedule of insurance in force 61 and 62 ' I 1921 111CROMMED BY CORM MIC R46LAB- 1 � CEDAR RANDS • DES I-0018ES I j INTRODUCTORY SECTION I• M t7 I hICRUf ILI1C I� Lr ROLAB �• JORM CHAPMICA.', CH41'IDS UE; 'dUI YCS 7 r L. CITY OF IOWA CITY CIVIC CENTER 410 E. WASHINGTON ST. IOWA CITY, IOWA 52240 (319) 356-5000 November 1, 1982 Honorable Mayor, Members of the City Council and City Manager City of Iowa City, Iowa The Annual Financial Report for the City of Iowa City, Iowa, for the fiscal year ended June 30, 1980, is submitted herewith in accordance with the provisions of Chapter 384 of the Code of Iowa, 1981, as amended. This report was prepared by the City's Finance Department. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rest with the City. I believe the data, as pre- sented, is accurate in all material aspects; and it is presented in a manner designed to fairly set forth the financial position and results _.. of operations of the City, as measured by the financial activities of its various funds and that all disclosures necessary to enable the reader to gain the maximum understanding of the City's financial activ- ity have been included. Accounting System and Budgetary Control The City adopts its annual program budget for all funds on a cash basis. While spending control is exercised at the program level, management control is exercised on a major objective of expenditure basis at budget decision unit levels within funds. Encumbrance _ accounting is employed in all funds for budgetary control. Encum- brances outstanding at year-end for the General Fund and Special Revenue Funds are reflected as reservations of the fund balances. Appropriated encumbrances do not lapse at the end of the year and are -• not reapportioned in the following year. Projects spanning more than one year are appropriated on a yearly basis. T The City of Iowa City, Iowa maintains its day-to-day accounting records on a cash basis. These reports, however, are pre- pared on a modified accrual basis for general governmental operations. Financial statements for the City's enterprises have been prepared on a full accrual basis. This report has been prepared in a more sum- marized format than those prepared in the past. This format follows the general format suggested by the National Council on Governmental Accounting and the Municipal Finance Officers Association of the United -- States and Canada. FtI LROE ILFICD Dl' JORM MICR6LAB CEDAR RAPIDS • DES VINES, 14y7 t r Because of the changes incorporated in this report, it is very important that the reader become familiar with the Notes to Financial Statements included herein. In developing and evaluating the city's accounting system, consideration is given to the adequacy of internal accounting controls. Internal accounting controls are designed to provide reason- able, but not absolute, assurance regarding: (1) the safeguarding of assets against loss from unauthorized use or disposition; and (2) the reliability of financial records for preparing for financial state- ments and maintaining accountability for assets. The concept of reasonable assurance recognizes that: (1) the cost of a control should not exceed the benefits likely to be derived; and (2) the eval- uation of costs and benefits requires estimates and judgments by management. All internal control evaluations occur within the above framework. We believe that the City's internal accounting controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions. The Reporting Entity and Its Services This report includes all of the funds and account groups of the City. It includes all activities considered to be part of (controlled by or dependent on) the City. The Iowa City Municipal Airport and the Iowa City Public Library are both independent units which are considered part of the City of Iowa City. Members of the Airport Commission and the Library Board are appointed by the Mayor with approval by the Council Members. Financial data for the Library is included in the General Fund, while the Airport is accounted for as a separate proprietary fund. The City provides the full range of municipal services con- templated by statute or character. This includes public safety (police and fire), highways and streets, sanitation, recreation, public improvements, planning and zoning, and general administrative services. Retirement Plans With the exception of police and fire, the City's employees are covered by the Iowa Public Employees Retirement System (IPERS). The state annually sets a tax rate to be contributed by all municipal entities sufficient with local employee contributions to meet the needs of the state plan. All covered employees are required to contribute 3.7% of their salary, while employers contribute 5.75%. There is no allocation of unfunded liability to any municipal entity and, upon the retirement of employees, responsibility for their bene- fits are solely those of IPERS. The City has no responsibility to meet employee pensions of the IPERS system. In the past several years, the state has increased the benefits of the plan basically by raising the maximum salary against which participation is assessed from $10,800 to $20,000. - 2 111CRDr ILI-0CD DY JORM MICROLAS j CEDAR RAPIDS • DCS VINES i 1 J r r—. fire rement system for the City- The City acts in a custodial capacity for the police and from ouriactuaries, vested and accruedpension to the latest report assets,of the trusts by $1,138,743, pension benefits exceed the net General Government Financial Anal sis Revenues for general governmental functions totalled $14,816,234 in FY80. Property taxes accounted for 42.2% of revenues. The amount of revenues from various sources are shown in the following tabulation. general i I� ..o I' i.� tt Amount percent Taxes Of Total Licenses and permits $ 6,259,040 42.27 Intergovernmental revenues 238,864 .6 Charges for services 5,487,695 37 11.6 o Fines and forfeitures 1,306,648 8.8 Use of money and property 246,222 1.7 Hiscellaneous revenue 705,372 4.8 Total 572,393 3.9 S14 816,234 30 Current tax collections were 99.6X of from the prior year. Delinquentthe tax levy, up -8z tax the were greater than last year. The ratio of total collections (current and delinquent) for the current tax levy was 100.1X, an increase of .8% from the prior year. Allocations of property tax levy by purpose for FY80 are as follows per $1,000/assessed value). Pur oat 4 Y80 FY79 FY78 General Fund Tort liability $ 8.100 $ 8.100 $ 8.100 General obligation debt '484 •447 .439 Pensions and retirement 1.752 2.472 1.732 Total tax rate 1.096 1.059 $11.432 826 $12.07.097 Expenditures for general governmental purposes to $12-078 11_tal $17,491,80 8. Unreserved fund balances and routine earnings in the major operating funds were maintained at adequate levels. The General Fund balance of $2,701,806 was up $819,744 from the prior year; the Debt Service Funds balance of $(153,439) was down $168,483 from the pre- ceding year, and the $579,410 balance in the Special Revenue Funds was down $552,661. -3- 111CROEILMED 61' i JORM MICROLAB 1 CEDAR RAPIDS •DES M01!IES i a I I A7 J u 0 Enterprise Funds The City currently operates five enterprise funds. These funds are set up to operate from the proceeds of user charges. The following tabulations list the net income (loss) before depreciation and nonoperating revenues for FY80: Income (Loss) Enterprise Funds •-• $452,143 Water 290,244 Pollution control (34,765) �. Airport 432,021 Parking systems (199,225) Sanitation Debt Administration The ratio of net bonded debt to assessed valuation and the amount of bonded debt per capita are useful indicators of the City's debt and data forlor thenCitymatitheaendaofgthen19801fiscal,year wereinvestors. to as follows: Ratio of Debt To Assessed Debt Per Amount Value Capita _. Net direct bonded debt $11,763,000 .0189 to 1 $232.89 -' Outstanding general obligation bonds at June 30, 1980 totalled $11,763,000, of which $2.119,765 issued for water derrofmprove- ments are considered to be self-supporting. Theremainemaindebt. Tables $9,643,235 is considered to be net direct tax Supp orted in the stctistical section of this report present more detailed infor- mation about the debt position of the City. The City continues to have the same excellent rating on its general obligation bonds. We have carried this rating for the past several years. This rating is given to those bonds judged to be the best quality and carrying the smallest degree of investment risks. The City's ratings as of June 30, 1980 were as follows: Moody's Investors Services: AAA General obligation bond A Parking revenue bonds Capital Proiects Funds The proceeds of general obligation bond issues are accounted for in Capital Projects Funds until improvement projects are completed. At the end of the fiscal year, construction in process and _ completed projects are recorded in the General Fixed Assets 9twas Group. During the fiscal year ended on June 30, 1980, $ -4- MICROFILMED BY JORM MIC ROLAE3 CEDAR RAPIDS • DES MOINES i r I 19a-7 r expended for capital projects, of which $1,832,271 was transferred to the General Fixed Assets Account Group and $6,340,720 was transferred to Enterprise Fixed Assets. General Fixed Assets The general fixed assets of the City are those fixed assets used in the performance of general governmental functions and exclude the fixed assets of the enterprise funds. As of June 30, 1980, the general fixed assets of the City amounted to $7,772,560. This amount represents the original cost of the assets and is considerably less than their present value. The City follows the policy of not accounting for streets, sidewalks, bridges, storm sewers and individ- ual assets with a cost of less than $500. Depreciation of general fixed assets is not recognized in the City's accounting system. ° Cash Management The majority of the City's investments are handled through ,_y an investment pool carried in the General Fund. The exception to this is those funds which must maintain their investments separately. 11 This pooled concept provides for greater investment earnings which are then allocated on A systematic basis. ice, z For the year ended June 30, 7980, the City earned $1,904,030 from all investments. The following tabulation shows how this was allocated for the fiscal year. r-; Investment Fund Type Earnings Governmental $ 692,432 Proprietary 877,133 Fiduciary 328,048 Other trust and agency 6.417 -- Totals $1,904.030 _ Independent Audit The State Code requires an annual audit of the financial condition and financial transactions of the City. This requirement has been complied with and the auditors' opinion is included in this report. It must be emphasized that the opinion included in this report, of our certified public accountants, includes all funds and account groups of the City of Iowa City, Iowa and the results of all the fund operations and the changes in financial position of the Enterprise and Pension Funds for the year ended June 30, 1980. These are presented fairly, in conformity with generally accepted prin- ciples. - 5 - 111CRDnu4ED DY CORM MIC REfL JE)CCDAR RAPIDS DCS FIDI; 9O --I r Renort Format This report is organized into three sections: the Introductory Section, the Financial Section, and the Statistical Section. The Introductory Section contains the table of contents and _. the letter of transmittal. The Financial Section contains the opinion of the certified public accountants, the general purpose financial statements, and the -- combining statements by fund type for the fiscal year ended June 30, 1980. The Statistical Section contains comprehensive statistical data which is intended to give the reader the broader and more complete understanding of the financial condition of the City of Iowa City, Iowa. This section includes many comparative schedules. -- Acknowledgements The preparation of this report could not be accomplished without the efficient and dedicated services of the entire staff of the Finance Department. I would like to express my appreciation to all members of the department who assisted and contributed to its prep- aration and, in particular, to Monica Uthe, Controller. I would also like to thank the Mayor and the members of the City Council and the City Manager for their interest and support in planning and conducting ' the financial operations of the City in a responsible and progressive _. manner. Respectfully submitted, Rosemary L. Vitosh, C.P.A. Director of Finance - 6 - 141CRUIL6110 By JCRM MIC RdLAB 1 � CEDAR RAPIDS DES t401Af.5 I I 19x7 1 r WI PI FINANCIAL•SECTION i. :JLrU(ILf1[D 3'� DORM MICROLAB '. CEDAR N41'IDS •PCS 'dDIAC°. r 1 McGladny Hendrickson & Co. CERTIFIED PUBLIC ACCOUNTANTS 8 To the Honorable Mayor and City Council City of Iowa City, Iowa We have examined the general purpose financial statements of the City of Iowa City, Iowa as of and for the year ended June 30, 1980, as listed in the table of contents. our examination was made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. The City has kept its records and has prepared its financial statements for previous years on the cash basis and no recognition has been given to accrued assets and liabilities, property and equipment, long-term debt and equity accounts. At the beginning of the current year, the City adopted the accrual basis of accounting. Although appropriate adjustments have been made to -equity balances as of the beginning of the year, it was not practicable to determine what adjustments would be necessary to the financial statements of the preceding year to restate results of operations in conformity with the accounting principles used in the current year. In our opinion, the general purpose financial statements referred to above present fairly the financial position of the City of Iowa City, Iowa at June 30, 1980, and the results of its operations and the changes in financial position of its proprietary fund types for the year then ended, in conformity with generally accepted accounting principles. Our examination was made for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The combining financial state- ments listed in the contents as supplemental information are presented for purposes of additional analysis and are not a required part of the general purpose financial statements of the City of Iowa City, Iowa. Such information has been subjected to the auditing procedures applied in the examination of the general purpose financial statements; and, in our opinion, is fairly stated in all material respects in relation to the general purpose financial statements taken as a whole. The information included in the statistical section has not been audited by us and accordingly we do not express an opinion on it. Iowa City, Iowa June 12, 1981, except for the General Fixed Asset Group of Accounts as to which the date is June 18, 1982 - 1 - 111CROEILHED SY JORM MIC ROLAB CEDAR RAPIDS • DES MOINES Nal r �1 - 2 - i9a? 1 t41CR0E1L11ED BY CORM MIC RdLMES 1 CEDAR RAPIDS DCS h1014ES I I 1 I CITY OF IOWA CITY, IOWA COMBINED BALANCE SHEET • ALL FUND TYPES AND ACCOUNT GROUPS June 30, 1980 (Page 1 of 3) Governmental Fund Types Special Debt Capital Special Revenue Service Projects Assessment ASSETS General Cash $ 27,609 $ 11 $ _ 980 $ 3,837,585 $ 418 - Investments 1,091,708 362,618 Receivables: - 24,581 - Property taxes 157,420 Accounts and _ - - unbilled usage 43,467 - 2 728 27,744 , 66,544 537 Interest 59,200 Special - _ - 92,974 assessments- - - Other Due from other funds 927,383 7,088 - 236,984 Due from other_ 606,006 1,237,979 826,549 - _ governments - - Inventories Prepaid expenditures 446 - and expenses 124,685 Restricted assets: - Cash _ - Investments 394,345 - Interest - receivable - j. Due from other _ - - funds 29,769 - Property and equipment: Land - Buildings and structures - Improvements other than - buildings - Equipment and - vehicles - Accumulated depreciation - Construction - in progress - Amount to be provided for retirement of general long-- term debt - S 3,461.592 $ 1. 635,886 $ 27,309 S 4.968,642 S 93,929 Total assets - 2 - i9a? 1 t41CR0E1L11ED BY CORM MIC RdLMES 1 CEDAR RAPIDS DCS h1014ES I I 1 I Ll Fiduciary Proprietary Fund Types Fund Type Account Group" General General Total Internal Trust And Fixed Long -Term (Memorandum ( Enterprise Services Agency Assets Debt Only) `1 36,817 $ 1,341 $ - $ 6,458 $ _ 5 _ $12,288,326 ? 3,019,136 - 3,977,279 36 - - 182,037 412,124 - - - _ 455,591 98,518 - 108,926 - 364,197 92,974 11,325 - - 11,325 r.. 28,759 165,189 - - - 1,365,403 913,200 955 - = = 3,584,689 128,145 302,753 - 430,898 16,075 1,400 - - - 142,606 J _ - 33,924 33,924 - - 3,571,471 3,177,126 - - _ _ 64,454 64,454 - - 48,631 - - - 78,400 1,884,279 45,462 - 1,683,819 - 3,613,560 1 6,504,259 176,426 - 2,713,084 - 9,393,769 - 9,304,736 3,984 - 151,964 - 9,460,684. - 3,945,639 84,264 2,564,273 - 1,297,102 _ (7,763,835) (6,647,281) (1,116,554) - 8,950,118 332,578 - 1,926,591 - 11,209,287 9,684,010 9,684,010 X528,021,808 $ 2,476,466 $ 4,104,024 S 7,772,560 $ 9,684.010 $62,246.226 - 3 - i/ I � 411LROE ILI-0ED BY ' �- JORM MICR6LAB 1 mac..... I_. CEDAR RAPIDS DES MOINES ' J If i ��.- r LF:... .l -4- MICROFILMED BY `CORM MIC Rff1lA B 1 J CEDAR RAPIDS - DES MOI4ES I 1 CITY OF IOWA CITY, IOWA _ COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS June 30, 1980 (Page 2 of 3) Governmental Fund Types LIABILITIES AND Special Debt Capital Special MUNICIPAL EQUITY General Revenue Service Projects Assessment Liabilities: Accounts payable $ 83,429 $ 54,408 $ - $ 52,144 $ 1,541 Contracts payable - 163,469 - 1,074,672 2,677 R Warrants payable - - - - 294,573 Claims payable 128,840 - - - Accrued liabilities 214,753 7,427 - 3,662 9,267 _ Due to other funds 123,863 811,955 71,825 - 105,024 Due to other governments Deferred revenue 897 9,188 - - 19,217 - 1,643 - Payable from restricted assets: Due to other funds Contracts Interest - - Customer deposits 198,816 - - - _ Matured interest payable - - 108,923 Revenue bonds Capital lease - - - General obli- gation bonds - Total liabilities $ 759,786 $ 1,056,476 $ 180,748 S 1,132,121 S 413,082 -4- MICROFILMED BY `CORM MIC Rff1lA B 1 J CEDAR RAPIDS - DES MOI4ES I 1 r Proprietary Fund 7ti. Fiduciary Fund Type Account _ Gr_ou s E¢teroriae Internal Services Trust And enc General Fixed Assets General Long -Term Total (Memorandum Deb[ Onlv) $ 88'160 138 $ 287,821 $ 33,810 $ _ $ - _ ' $ 600,291 4,500_ - _ _ 1,318,978 _ _ 294,573 221,653 33,214 31,074 _ 133,340 53,557 32 485 8,110 - - 521,050 y - - 1,206,819 _ - 105,960 _ - _ 106,857 _ 30,048 236,984 _ r 1,408,716 _ _ - 236,984 ~ 215,989 _ _ _- - 1,408,716 38,431 _ - 215,989_ y - 237,247 8,099,000 108,923 8,099,000 — 211765 - 40,775 40,775 12 563 893 $ �— 353,520 S - 9,643,235 _11,763,000 — I � i i 118,954 $ -S 9,684,010 $26,322,590 -5- i m cwr7LMED BY j JORM MIC R6LA13 j CEDAR RAPIDS • DES 1101MES I i I _ J J� r CITY OF IOWA CITY, IOWA COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS June 30, 1980 (Page 3 of 3) Governmental Fund T ea LIABILITIES AND Special Debt MUNICIPAL EQUITY General Capital Special Revenue Service Projects Assessment Municipal equity: Contributed capital $ _ $ - $ Investment in - general fixed assets $ _ $ _ $ Retained $ earnings: Restricted $ _ $ _ $ Unrestricted _ _ - $ - $ _ Fund balance (deficit): Reserve for: Encumbrances $ 71,741 $ 1,228,956 $ Employee - $ 2,871,594 $ retirement commitments - _ Perpetual - - care Legal escrow 204,000 - - Prepaid ex- - - - penditures 124,685 _ _ Endowments 21,298 - - Tort liabil- ity levy 205,031 _ Unreserved: - - Designated for future improve- ments 333 611 Undesignated 1 741440 (649 1 80 546) ( 927 (319,15 3)STotal munici- $ 3,836,521 $ (319,153) pal equity (deficit) $ 2,701,806 —$--5 7-9-1-41-0 L—(_15_3_14 39 —$-3,-8 36 _52_1 $ (319,153) Total liabil- _ sties and municipal equity $ 3,461,592 $ 1,635,886 $ 27,309 $ 4,968,642 $ 93,929 See Notes to Financial Statements. MICROFILMED BY f JORM MIC RljLAB J CEDAR RAPIDS DES MOVES i Mal 1 r a L, Fiduciary - 7 - i.. _ 11IEROIVLMED BY f JORM MIC RI�LAB -� i CEDAR RAPIDS DES MDIYES / y ( I i Proprietary Fund Types Fund Type Account Groups General General Total _ Internal Trust And Fixed Long -Term (Memorandum Enterprise Services Agency Assets Debt Only) $10,353,463 $ 1,713,255 $ - $ - $ - $12,066,718 $ - $ - $ - $ 7,772,560 $ - $ 7,772,560 $ 1,113,614 $ - $ - $ - $ - $ 1,113,614 3 990 838 409 691 0 1 - S - - - $ 4 400 529 $ - SS 5,10 • 2- S ,6 $ 4,172,291 _ - 3,844,635 - - 3,844,635 _ - 80,435 - - 80,435 _ _ - 204,000 124,u85 21,298 205,031 J 333,611 1,584,229 3,925,070 $ - $ - $10,570,215 $15,457,915 $ 2,122,946 $ 3,925,070 $ 7,772,560 S - $35,923,636 528,021,808 $ 2,476,466 $ 4,104,024 $ 7,772,560 $.9,684,010 $62,246,226 - 7 - i.. _ 11IEROIVLMED BY f JORM MIC RI�LAB -� i CEDAR RAPIDS DES MDIYES / y ( I i CITY OF IOWA CITY, IOWA COMBINED STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES (DEFICIT) ALL GOVERNMENTAL FUND TYPES Year Ended June 30, 1980 t MICROFILMED BY JORM MICRbLAB � CEDAR RAPIDS DES A101ME5 I I _ J Governmental Fund Types Total Special Debt Capital Special (Memorandum General Revenue Service Projects Assessment Only) REVENUE Property taxes $ 5,306,644 $ - $ 952,396 $ - $ - $ 6,259,040 Licenses and permits Intergovernmental 238,864 822,090 - 3,656,293 - - - 1,008,894 - 418 238,864 5,487,695 Charges for services 1,305,873 775 - - - 1,306,648 Fines and forfeitures Use of money and property 246,222 187,490 - 86,126 - 4,698 - 424,910 - 2,148 246,222 705,372 Miscellaneous 281,832 230,240 221 60,027 73 572,393 $ 8,389,015 $ 3,973,434 $ 957,315 $ 1,493,831 $ 2,639 314,816,234 EXPENDITURES Current: °D Community protection $ 2,920,174 $ - $ $ $ $ 2,920,174 Human development 1,479,641 153,372 - - - 1,633,013 Home and community environment 3,009,593 927,087 - _ ' 182 3,936,862 Policy and administration 1,802,925 256,369 - 2,059,294 Capital outlay 115,827 977,417 - 4,288,765 312,343 5,694,352 Debt service: Principal - - 723,890 - - 723,890 Interest - 8 1 0 - $$ 2,3� 514 956 $$ 1 - $ ,288,765 9 267 $ 21, 92 524 223 _ $1 91,808 Revenue over (under) expenditures $ (939,145) $ 1,659,189 $ (281,531) $(2,794,934) $ (319,153) $(2,675,574) t MICROFILMED BY JORM MICRbLAB � CEDAR RAPIDS DES A101ME5 I I _ J L OTHER FINANCING SOURCES (USES), operating transfers: — 2,200,345 From other funds $ 2,009,889 $ — $ 113,048 $ 77,408 $ $ (To) other funds (181,140) (2,082,820) — (113,194) — (2,377,154) $ 1,828,749 $(2,082,820) $ 113,048 $ (35,786) — $ (176,809) Revenue and other financing sources over (under) expenditures and other financing uses $ 889,604 $ (423,631) $ (168,483) $(2,830,720) $ (319,153) $(2,852,383) FUND BALANCES, BEGINNING 1,882,062 1,132,071 15,044 6,667,241 — 9,696,418 Fund equity transfers (to) — other funds (69,860) (129,030) — — (198,890) FUND BALANCES (DEFICIT), i ENDING $ 2,701,806 j__579,410 S (153,439) $ 3,836,521 S (319,153) L6&45,145 h See Notes to Financial Statements. 1 t I I 1110ROMMED BY i CORM MIC R¢LA B I CEDAR RAPIDS DES MOIIJE. i / I r CITY OF IOWA CITY, IOWA COMBINED STATEMENT OF RECEIPTS AND DISBURSEMENTS - BUDGET AND ACTUAL GENERAL, SPECIAL REVENUE, DEBT SERVICE AND CAPITAL PROJECTS FUND TYPES Year Ended June 30, 1980 See Notes to Financial Statements. - 10 - MICRorl U4ED BY JORM MICR6LAB - 1 i CEDAR RAPIDS • DES MOVIES i i Nagy 1 J L General Fund Special Revenue Funds Budget Actual Budget Actual RECEIPTS Property taxes $ 5,314,211 $ 5,266,671 $ Licenses and permits 226,635 228,145 Intergovernmental 892,125 866,005 6,062,260 2,495,027 Charges for services 1,170,845 1,261,258 - - Fines and forfeitures 174,000 244,961 - - Use of money and property 57,550 121,921 44,000 75,453 Miscellaneous 354,468 219,157 - 169,938 $ 8,189,834 $ 8,208,118 $ 6,106,260 $ 2,740,418 DISBURSEMENTS Current: Community protection $ 2,986,581 $ 2,948,13.7 $ - $ - Human development 1,460,246 1,451,083 207,819 160,016 Home and community environment 2,859,606 2,789,761 260,353 343,699 Policy and administration 2,471,683 1,892,004 167,021 161,266 Capital outlay 561,478 345,303 3,705,278 1,248,145 Debt service: Principal - - _ Interest TO , _$77r2=,88 $$�li, 0. S Receipts over (under) disbursements $(2,149,760) $(1,218,170) $ 1,765,789 $ 827,292 OTHER CASH SOURCES -(USES), operating transfers: From other funds $ 2,332,939 $ 2,009,889 $ - $ - (To) other funds (340 024) 1,992,915 (181 140) 1,8Z8,i49 (2 626 872) $t2:626:872 (2 082 820) $ Receipts and other cash sources over (under) disbursements and other cash uses $ (156,845) $ 6101579 $ (861,083) �S(1,255,528) See Notes to Financial Statements. - 10 - MICRorl U4ED BY JORM MICR6LAB - 1 i CEDAR RAPIDS • DES MOVIES i i Nagy 1 J L Debt Service Funds Capital Projects Funds Total (Memorandum Only) Budget Actual Budget Actual Budget Actual $ 952,851 $ 947,808 $ - $ - $ 6,267,062 $ 6,214,479 - - - 226,635 228,145 1,341,482 186,344 8,295,867 3,547,376 - - 1,170,845 1,261,258 - - - 174,000 244,961 4,886 20,000 450,505 121,550 652,765 221 1 416 639 X40 53366 1,771,107 429 852 8 $ 952,851 $ 952,915 $ 27 18,02,121 S 677,385 $7,066 512,5 8,8 6 $ 2,986,581 $ 2,948,137 - - - - 1,668,065 1,611,099 - 3,119,959 3,133,460 2,638,704 2,053,270 9,469,042 3,570,308 13,735,798 5,163,756 723,890 723,890 - - 723,890 723,890 582,092 427,236 - - 582,092 427,236 51,305,982 S 1.151,126 $ 9,469,042 $ 3,570,308 $25,455,089 $16,060,848 S (353,131) $ (198,211) $(6,690,921) $(2,892,923) $(7,428,023) $(3,482,012) $ - $ 113,048 $ 424,471 $ 77,408 $ 2,757,410 $ 2,200,345 - - (113,.194) (2,966,896) (2,377,154) $ - $ 113,048 S 424,471 $ (35,786) $ (209,486) $ (176,809) $ (353,131) $ (85,163) $(6,266,450) S(2,928,709) $(7.637,509) $(3,658,821) MICROFILMED BY J �F JORM MICR46LAB- ' 1 CEDAR RAPIDS DES MOJNES 7 L. 4 I Debt Service Funds Capital Projects Funds Total (Memorandum Only) Budget Actual Budget Actual Budget Actual $ 952,851 $ 947,808 $ - $ - $ 6,267,062 $ 6,214,479 - - - 226,635 228,145 1,341,482 186,344 8,295,867 3,547,376 - - 1,170,845 1,261,258 - - - 174,000 244,961 4,886 20,000 450,505 121,550 652,765 221 1 416 639 X40 53366 1,771,107 429 852 8 $ 952,851 $ 952,915 $ 27 18,02,121 S 677,385 $7,066 512,5 8,8 6 $ 2,986,581 $ 2,948,137 - - - - 1,668,065 1,611,099 - 3,119,959 3,133,460 2,638,704 2,053,270 9,469,042 3,570,308 13,735,798 5,163,756 723,890 723,890 - - 723,890 723,890 582,092 427,236 - - 582,092 427,236 51,305,982 S 1.151,126 $ 9,469,042 $ 3,570,308 $25,455,089 $16,060,848 S (353,131) $ (198,211) $(6,690,921) $(2,892,923) $(7,428,023) $(3,482,012) $ - $ 113,048 $ 424,471 $ 77,408 $ 2,757,410 $ 2,200,345 - - (113,.194) (2,966,896) (2,377,154) $ - $ 113,048 S 424,471 $ (35,786) $ (209,486) $ (176,809) $ (353,131) $ (85,163) $(6,266,450) S(2,928,709) $(7.637,509) $(3,658,821) MICROFILMED BY J �F JORM MICR46LAB- ' 1 CEDAR RAPIDS DES MOJNES 7 I! CITY OF IOWA CITY, IOWA COMBINED STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS/FUND BALANCES ALL PROPRIETARY FUND TYPES AND SIMILAR TRUST FUNDS Year Ended June 30, 1980 Operating revenue: Property taxes Intergovernmental Charges for servicds and use of property Miscellaneous Operating expenses: Personal services ^' Commodities I Services and charges Operating income before depreciation Depreciation Operating Income (loss) Nonoperating revenue (expenses): Intergovernmental income Interest income Interest expense Income (loss) before operating transfers Operating transfers in (out) Net income (loss) Proprietary Fund Types Fiduciary Fund Types Pension And Total Internal Retirement Nonexpendable (Memorandum Enterprise Services Trusts Trust Only) $ - $ - $ 508,508 $ - $ 508,508 302,389 - 302,389 3,323,315 1,357,674 - 4,477 4,685,466 168 945 6,696 89,930 - 265 571 ,5260 $ 1,364,370 $ 900,827 $ 4,477 $ 956,756 $ 273,138 $ 219,677 $ - $ 1,449,571 291,434 772,281 - - 1,063,715 1 303 652 149,643 1,133 - 1 454 428 S 2,551,6 2 $ 1,195,062 $ 220,810 $ 940,418 $ 169,308 $ 680,017 $ 4,477 $ 1,794,220 458,065 233,197 - - 691.262 $ 482,353 $ (63,889) $ 680,017 $ 4,477 $ 1,102,958 12,539 - - - 12,539 605,887 605,887 (249,678) - - - (249,678) $ 851,101 $ (63,889) $ 680,017 $ 4,477 $ 1,471,706 181,286 - - (4,477) 176,809 $ 1,032,387 $ (63,889) $ 680,017 $ - $ 1,648,515 i 11ICROEIL6IED DY JORM MICR6LAB 1 CEDAR RAPIDS • DES MOINES i , _ J 1 Retained earnings/fund balances (deficit), beginning Equity transfers to other funds Retained earnings/fund.balances, ending See Notes to Financial Statements. 4,113,819 473,580 3,164,618 80,435 7,832,452 (41,754) — — — (41,754) $ 5,104,452 ,S 409,691 $ 3,844,635 $ 80,435 $ 9,439,213 MICROFILMED BY 1. JORM MICRE/L4B- CEDAR RAPIDS DES MOINES ! I I 0 J� r CITY OF IOWA CITY, IOWA COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION ALL PROPRIETARY FUND TYPESJune SIM1980 SIMILAR TRUST FUNDS Y r USES OF WORKING CAPITAL Operations: Net loss Item not requiring working capital, depreciation Working capital uped by operations Refunds of annuity savings funds Purchase of property and equipment Payment of revenue bonds Payment of general obligation debt Equity transfers to other funds Total uses of working capital Net increase (decrease) in working capital $ 18/,779911 $ $ $ $ 18,267 $ $ _ _ — 527,702 7,018,860 535,419 _ _ 295,000 — _ 220,110 41 , 754 — _ $ 7,593,991 7 535,419 $ 527,702 $ $(3,840,639) $ (125,468) 1 152,315 $ MICROFILMED BY i j CORM MIC RdLA6 CEDAR RAPIDS DES MOINES l I $ 18,791 (524) T-18,267 527,702 7,554,279 295,000 220,110 41,754 $ 8,657,112 $(3,813,792) 1 ■ Proprietary Fund Types Fiduciary Fund Types Total Internal Pension And Retirement Nonexpendable (Memorandum Enterprise Services Trusts _ ru=t --T -- —— SOURCES OF WORKING CAPITAL — $ 1,667,306 Operations: $ 1,051,178 $ (63,889) $ 680,017 $ Net income (lose) Item not requiring working capital, 457 541 233,197 ' _ 690 738 2;T58,0 depreciation $ 1,— :o:- � y $ 169,308 $ 680,017 $ — $ Working capital provided by operations — 2,373,663 Contributions of capital: 2,244,633 129,030 — _ 111,613 Other governments City of Iowa City _ 1113 ,61 $ 409,951 ' $ 680,017 $ — $ 4,843,320 Total sources of working capital 3,753,352 $�_ r USES OF WORKING CAPITAL Operations: Net loss Item not requiring working capital, depreciation Working capital uped by operations Refunds of annuity savings funds Purchase of property and equipment Payment of revenue bonds Payment of general obligation debt Equity transfers to other funds Total uses of working capital Net increase (decrease) in working capital $ 18/,779911 $ $ $ $ 18,267 $ $ _ _ — 527,702 7,018,860 535,419 _ _ 295,000 — _ 220,110 41 , 754 — _ $ 7,593,991 7 535,419 $ 527,702 $ $(3,840,639) $ (125,468) 1 152,315 $ MICROFILMED BY i j CORM MIC RdLA6 CEDAR RAPIDS DES MOINES l I $ 18,791 (524) T-18,267 527,702 7,554,279 295,000 220,110 41,754 $ 8,657,112 $(3,813,792) 1 ■ r ELEMENTS OF NET INCREASE (DECREASE) IN WORKING CAPITAL Cash Investments Receivables Due from other funds Due from other governments Prepaid expense Inventories Accounts payable Contracts payable Accrued liabilities Due to other funds Net increase (decrease) in working capital See Notes to Financial Statements. $ (455,596) $ - $ 14,194 $ (535) $ (441,937) (3,036,283) - 122,661 503 (2,913,119) (216,532) - 18,303 (632) (198,861) (35,643) 43,153 (1,400) - 6,110 863,646 955 - - 864,601 (1,881) (247) - - (2,128) (11,523) 32,993 - - 21,470 23,158 (242,014) - 664 (218,192) (1,077,867) 22,400 - - (1,055,467) (19,494) (6,103) (1,443) - (27,040) 127,376 23,395 - - 150,771 $09840 639) $ (125,468) $ 152,315 $ - $(3,813,792) 141LROEILMED B1' 1 JORM MICR41LAB i CEDAR RAPIDS DES MOINES i Caj . r Note 1 L ;, CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Description of Funds and Account Groups, Significant Accounting Policies and Budgetary Matters The City maintains its records, and in prior years prepared its financial statements, on a modified cash basis of accounting under which only cash receipts, cash disbursements and encumbrances, invest- ments and bonded debt are recorded. These modified cash basis accounting records have been adjusted to the accrual or modified accrual basis, as necessary, to prepare the accompanying financial state- ments in accordance with generally accepted accounting principles. As a result of this change, the accounting principles applied in the preparation of the financial statements for the year ended June 30, 1980 are not consistent with the accounting principles applied in the preparation of prior years' financial statements. These financial statements include all funds and groups of accounts owned or administered by the City or for which the City acts as custodian. The accounts of the City are organized on the basis of funds or groups of accounts, each of which is considered to be a separate accounting entity. The operations of each fund or group of accounts are accounted for by providing a separate set of self -balancing accounts which comprise its assets, lia- bilities, reserves,'fund balance, revenues and expenditures. The various funds and groups of accounts are grouped as follows in these financial statements: General Fund: The General Fund accounts for all the financial resources of the City, except for those required to be.accounted for by other funds. The revenues of the General Fund are primarily derived from general property taxes, charges for services, fines and forfeitures, licenses and permits, and certain revenues from state and federal sources. The expenditures of the General Fund primarily relate to general administration, police and fire protection, streets and public buildings opera- tion and maintenance, and parka and recreation. Special Revenue Funds: The Special Revenue Funds are utilized to account for revenues derived from specific sources which are required to be accounted for as separate funds. The primary funds included in this category and their purpose are as follows: Community Development Block Grant - accounts for revenue from U. S. Department of Housing and Urban Development Community Development Block Grant programs. I4ICROF ILI-ED BY JORM MIC RbLAB � CEDAR RAPIDS DCS t4O19ES i i r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Other Shared Revenue and Grants - account for revenues from various sources, including road use tax monies and reimbursable programs funded by federal and state grants. Federal Revenue Sharing - accounts for monies received from Federal General Revenue Sharing entitlements. Debt Service Fund: The Debt Service Fund accounts for the accumulation of resources for and the payment of general long-term debt principal, interest and related costs. Capital Projects Funds: The Capital Projects Funds are utilized to account for all resources used in the acquisition and construction of capital facilities and other major fixed assets, With the exception of those that are financed by special assessments or by enterprise fund monies. The primary funds in this category are: Bridge, Street and Traffic Control Construction Library Construction Other Construction 1 Special Assessment Fund: C� The Special Assessment Fund is utilized to account for operations and activities that are financed or the provision of services that are to be paid for, wholly or in part, by the benefited proper- ties. Enterprise Funds: The enterprise funds are utilized to account for operations and activities that are financed and operated in a manner similar to a private business enterprise, and where the costs of providing goods or servic:�.s to the general public on a continuing basis is expected to be financed or recov- ered primarily through user charges. The nature of the operations of each enterprise fund to evident from the funds' titles. v i IIICRorIL61ED BY JORM MIC R46LAB ' L1 �- � CEDAR RAPIDS DES MOVIES i r� r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Internal Service Funds: account for goods and services provided by one depart - The Internal Service Funds are utilized to ment to other City departments on a cost reimbursement basis. The primary funds in this category are: Equipment Maintenance - provides maintenance for City vehicles and equipment and rents vehicles to other departments from a central vehicle pool. Central Services - provides printing and office supplies to other departments. Trust and Agency Funds: 1 m The Trust and Agency Funds are used to account for assets held by the City indiaa trustee or cue o- as ate I tallunits. Theofundseincludedein thehfinancialistatementsvunderrthiszother governmen- category are: Perpetual Care Trust ' Police and Fire Pension and Retirement Trusts Project Green Agency Fund Leased Mousing Agency Fund Account Groupe: t for GeEeral Fixed Assets fixed Accountassets (Groupstreets nandto fbridges,or all ieidewalks, curbs, ty general fixed agutters eand pstorm drainage systems) and property and equipment associated with the operations of proprietary fund types. General Long-term Debt Account Croup - accounts for all City general obligation long-term debt expected to be financed from governmental fund types, other than special assessment funds. : r 111CRDf ILNED U1' JORM MIC RElL A6 � CEDAR RAPIDS •DES 1401NE5 1 ' I 0 r L` 1 CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Basis of Accounting: The modified accrual basis of accounting is used for the General, Special Revenue, Debt Service, Capital Improvement, and Special Assessment Funds. Under this method of accounting, revenues are recognized in the period in which they become available and measurable. Expenditures are recorded as liabilities are incurred, if measurable, except for accrued vacation leave and unmatured interest on general long-term debt. The accrual basis of accounting to used for all of the enterprise funds. Under this method of accounting, revenues are recognized in the accounting period in which they are earned and become measurable and expenses are recognized in the period incurred, if measurable. The accrual basis or the modified accrual basis of accounting are used for the Trust and Agency Funds based upon the Individual fund's•accounting measurement objectives. Transfers between funds are recognized in the period in which the interfund receivable and payable arise. Budgetary and Legal Appropriation and Amendment Policies: The State Code of Iowa requires the adoption of annual budgets on or before March 15 of each year, which become effective July 1 and constitute the City appropriation for each program and purpose specified therein until amended. City budgets may be amended for specified purposes and budget amendments must be prepared and adopted in the same manner as the original budgets. The legal level of control (the level on which expenditures may not legally exceed appropriations) is the program level. Appropriations as adopted and amended lapse at the end of the fiscal year. Encumbrances: Encumbrance accounting, under which purchase orders, contracts and other commitments for the expen- ditures of funds are recorded in order to reserve that portion of the applicable appropriation, is employed in the Governmental Fund Types. Encumbrances outstanding at year-end are not recorded as expenditures or liabilities in the financial statements. Id ICROEILMED BY JORM MICROLAB i CEDAR RAPIDS • DES b101PIES I \1 r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Other significant accounting policies are: Restricted Assets: Assets within the individual funds which can be designated by the City Council for any use within the fund's purpose are considered to be unrestricted assets. Assets which are restricted for spe- cific uses by bonded debt requirements, grant provisions, or other requirements are classified as restricted assets. Liabilities, other than long-term portion of bonded debt, which are payable from restricted assets, are classified as such. Investments: All of the investments carried in the financial statements are stated at cost or amortized coat. Substantially all City investment activity is carried on by the City in an investment pool, except I for those funds required .to maintain their investments separately. The earnings on the pooled ro investments are allocated monthly to the funds based upon the month end balances of the funds in C the investment pool. I Receivables and Revenue Recognition: Property taxes are recognized as revenues during the period when collected by the local taxing authority, the County of Johnson, State of Iowa. Property taxes are levied by the County in March of each year for the fiscal period immediately following of July 1 through June 30. Property taxes are collectible during this same fiscal period for which they were levied, which also coin- cides with the City's fiscal year. Federal revenue sharing is recorded during the entitlement period to which it applies. Substantially all other shared revenues are recorded during the period when received by the tax collecting authority. Federal and state grants, primarily capital grants, are recorded as receivables and revenue is recognized during the period in which the City fulfills the requirements for receiving the grant funds. 111CRDEILMED 61' JORM MIC R6LAB � CEDAR HAI'I DS •DES MD IVES ' r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Interest income from investments and operating revenue from accounts and unbilled usage receivables is recognized when earned. lated recorded Interest assessments revenuespecial receivables eseand the re recognizeduwhen at the time of their levy. collected. is Inventories: ed ds in they are rial inventories a are are ccarried atllower tof cost hose n(flretVln,hflret—out)moreo the extent of affecting opera market. Fixed Assets: I Fixed assets in the General Fixed Assets Group of Accounts are carried at original cost, or at fair operties. The City follows the policy of not accounting market value when received for donated pr for streets, bridges, sidewalks, storm sewers, and individual assets with a cost of less than $500. Depreciation is not recorded on the General Fixed Assets Group of Accounts. I arried at original coat, Fixed assets of the enterprise funds are cor at felt market value when indi al ost of than with not received ftedforon the dtedDeprecrties. Generally assets fixed anssetsvofuthe centerprise sfunds on the re acco he straight—line basis as follows: 20-50 years Building and structures 15-50 years Other improvements 5-20 years Vehicles' 5-30 years Other equipment he City under lease ase An immaterial amount beenrcapitalizedeingthegfinancialtstatements in accordance hwith cThe generally se s have accepted accounting principles. .0 v 1 MICROf ILNED 61' JORM MIC R1iILA6 (III \F. .. 1 CEDAR RAPIDS •DES MOINES I % I � I i CITY OF IOWA CITY, IOWA �J NOTES TO FINANCIAL STATEMENTS Use of General Long -Term Debt Proceeds in Enterprise Funds: In the past, the City has issued several general long-term debt issues, the proceeds from which have been used wholly or in part to acquire or expand enterprise funds facilities. At that time, the use. of the bond proceeds was recorded as a contribution to the capital of the enterprise funds. In some instances, revenues generated in the enterprise funds are being used to amortize, in part, the general long-term debt payments of principal and interest. The liability for these debt payments has been recorded in the enterprise funds because the City intends to continue using revenues from the enterprise funds for the payment of principal and interest on these bonds. Interest During Construction: Net interest expense incurred during the period of construction of enterprise fund capital projects is added to the cost of the assets acquired. Interest costs incurred during the construction of 1 governmental capital projects are not added to the coat of the assets acquired. N N I Retirement Systema: All full-time employees of the City are covered by one of the three plans which the City maintains or to which it contributes. The accounting policies and other information concerning these plane are included in other Notes to Financial Statements. Totals (Memorandum Only): Total columna on general purpose financial statements are presented only to facilitate financial analysis, but do not present financial position, results of operations, or changes in financial position in conformity with generally accepted accounting principles. Neither is such data com- parable to a consolidation because interfund eliminations have not been made in the aggregation of this data. Note 2. Budgets, Budget Overexpenditures and Deficit Equity Balances Budgets are prepared for City funds on the cash basis. Budgets presente•1 in this report for com- parison to actual amounts are presented on the cash basis, not in accordance with generally accepted accounting principles. Reported budget amounts represent the originally adopted budget as amended. i Y 111CROFILNCD BY JORM MICRbLAO CEDAR RAPIDS DES hI01NES _ J '.D S. CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS The City did not prepare a budget for three special revenue activities for the year ended June 30, 1980. Actual transaction amounts for these three activities have been omitted from the special reve- nue funds' columns in the combined statement of receipts and disbursements - budget and actual. A summary of the individual activities and total transactions that have been omitted from'the combined statement follows: The legally controlling budget for the City is the budget prepared on the program basis in accordance with the State of Iowa, City Finance Committee rules. Appropriations as adopted and amended lapse at the end of the fiscal year. A City budget for the current fiscal year may be amended for any of the following purposes: (a) To permit the appropriation and expenditure of unexpended unencumbered cash balances on hand at the end of the preceding fiscal year. (b) To permit the appropriation expenditure of amounts anticipated to be available from sources other than property taxation. (c) To permit transfers between funds as.prescribed by state law. (d) To permit transfers between programs. A budge. amendment must be prepared and adopted in the same manner as the original budget. The City's budget was amended as prescribed and the effect of those amendments is presented below. NICRoIILNED BY I JORM MICR6LAB I j CEDAR RAPIDS . DES MOINES _ r J Reimburs- Senior Section able Center 312 Loan Total Programs Grants Program $581,970 $ 54,421 $107,056 $743,447 Receipts 569,556 84,835 135,446 789,837 Expenditures Receipts over (under) 1$ 2,414 (3Si 0,414) (2� 8,390) (4$ 6,390) expenditures The legally controlling budget for the City is the budget prepared on the program basis in accordance with the State of Iowa, City Finance Committee rules. Appropriations as adopted and amended lapse at the end of the fiscal year. A City budget for the current fiscal year may be amended for any of the following purposes: (a) To permit the appropriation and expenditure of unexpended unencumbered cash balances on hand at the end of the preceding fiscal year. (b) To permit the appropriation expenditure of amounts anticipated to be available from sources other than property taxation. (c) To permit transfers between funds as.prescribed by state law. (d) To permit transfers between programs. A budge. amendment must be prepared and adopted in the same manner as the original budget. The City's budget was amended as prescribed and the effect of those amendments is presented below. NICRoIILNED BY I JORM MICR6LAB I j CEDAR RAPIDS . DES MOINES _ r J CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS The following tabulation shows, by program, the actual cash disbursements as compared to their respec— tive amended appropriation for the year ended June 30, 1980: Community protection Human development Home and community environment Policy and administration Appropriation Actual Cash Original Amended Disbursements $ 4,637,586 $ 5,438,399 $ 3,783,802 2,116,357 6,341,258 3,182,189 19,923,229 32,821,255 18,760,263 4.351.942 5.137.389 3.978.241 $31,029,114 $49,738,301 $29,7041495 At June 30, 1980, three City funds have deficit equity balances. None of the deficits represent a violation of any law. The funds having the deficits and the deficit amounts are: Fund Type and Fund (Deficit) Capital Projects, Other Construction $ (7,275) Special Assessments (319,153) Debt Service (153,439) The Other Construction Fund's deficit results primarily from incurring expenditures in excess of funding provided to date on several individual capital projects. The deficit will be recovered in the future from grants and transfers from other City funds. The Special Assessment Fund's deficit results from the City incurring expenditures for improvement projects prior to levying the special assessments and recognizing the related revenue. The Debt Service Fund's deficit results from interest expense from a general obligation bond issued during the year ended June 30, 1979 which was not included in the original budget or tax levy for the year ended June 30, 1980. L.1 � 111CROEILMED 81' JORM MICR6LAB L! CEDAR RAPIDS • DES MOINES r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Note 3. Retirement Systema The City contributes to two local retirement systems and to the Iowa Public Employees Retirement System (IPERS) which is administered by the State of Iowa. All of the systema are contributory and all full-time employees must participate in one of the systems. The local systems are administered by a local board which has three members appointed by the City Council and four members elected by the participating members. They are regulated by Iowa statutes. The City acts as custodian for the assets of the local systems. Following is a table indicating the systems, the employees covered, and the allocation of the City's contribution of $755,903 for the year ended June 30, 1980: System Employees Covered Contributions I Local: I Fire All fire civil service employees $293,604 j I Police All police civil service employees 214,904 State, IPERS All other full-time employees 247,395 The City follows the policy of not recognizing and recording in the financial statements the actuarially computed present value of the employee vested benefits for the local retirement systems. The participating employees are required to contribute to these systems, and the State of Iowa contrib- utes to the fire and police systems to the extent necessary to fund increased benefits recently legislated by the Iowa General Assembly. Contributions to the fire and police systems are made based upon an actuarial cost method stipulated by Iowa statutes, which is essentially an aggregate cost method with no provision for any unfunded past service liability. i MICRDEIVED BY 1 JORM MIC R�LAB ' L! CEDAR RAPIDS • DES 1401YE5 i i i 1 F r I I CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Other information concerning the local systems is as follows: Fire Police June 30, 1980 June 30, 1980 Date of latest actuarial valuations 15 15 Number of years to be fully vested1 549,401 Actuarial *present value of vested pension benefits $2,418,546 550,478 464,953 Actuarial present value of nonvested pension benefits 2,969,024 2,014,354 Total actuarial present value of pension benefits 1,980,098 1,864,537 Net assets available for benefits, at cost* (988,926) (149,817) Assets over (under) benefits 136,497 83,180 Pension payments for year ended June 30, 1980 Percentage of compensation to be contributed for year ending June 30, 1981, per actuary: 31.00% 23.65% City 3.66 2.65 j N State 2.21 2.21 Employees 1 * At June 30, 1980, the market value of investments held by the local fire and police ret remen systems was approximately $43,000 and $56,000 less than amortized cost, respectively. accumu I into effect which provided for the withdrawal o During Effective July 1, 1979, new legislation went of the police and fire members. During - lated employee contributions from the annuity savings funds the fiscal year ended June 30, 1980, $291,484 and $252,802 was returned to the fire and police mem- bers, respectively, as authorized by the resolution of the pension board. The retirement system administered by the State of Iowa, IPERS, le funded by amounts withheld from the participating employees and an amount contributed by the City. These contributions are determined by the statutes of the State of Iowa and at June 30, 1980, the percentages to be contributed on the first $20,000 of compensation were 3.7% for the employees and.5.75% for the City. Information as to contributionsuwillnincreaseffromdyearrtodyearb,,iastdeemed necessary aybthe lGeneral t is tAssembly oficipated the future lialiies is not the State of Iowa. All employees of the City, other than those participating in the fire and police retirement systems, are also covered by the Federal Insurance Contributions Act (FICA). I� HICROEILNED 01' JORM MICROLA13 L I LEDER RAPIDS • DES MOINES I �' J r I I `I CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS 1 Note 4, Segment Information for Enterprise Funds to operate primarily from follows: rprise \ The City maintains five te informationnas•OfTandeforntheayeareended June 30, of user charges. Seg Tom Pollution Aim rp�or� - , Waw Sanitation Control l Parte Results of 3,492,260 operations: 603,688 $ 32,814 $ 458,065 Operating 565,365 $ 880,364 $ 1,410,024 $ 524 10,261 revenues $ 539 257,907 188,834 Depreciation (45,026) 482,353 Operating income 431,482 32,337 263,309 (199,749) (loss) 23,767 9,357 356,209 Net interest ,469 220137 35,479 965 1,032,387 67 , 1 Income 474 298'788 (18,791) Net income loss) 498,951 252, 1 Financial 531,651 $28,021,808 position: 428,493 $ 417,527 20,080,375 LO 525,026 $11,138,916 $ 5.397 722 $ 150,570 Total assets $ 7,203,853 8,297,036 4,011,389 Fixed assets _ 35,683 7,018,860 Fixed asset 3,989,832 2,840,591 152,754 additions 130,435 93,227 5,596,305 Net working 1,986,704 1,203,032 - - 10,218,765 capital 2,182'907 2,209,000 Long-term debt 5,200,000 2,809,765 135,741 (379,391) 5,104,452 Retained earn- (364,283) 1,573,333 ings (deficit) 4,139,052 - 13,030 2,244,633 Equity_ 2,231,603 - contributions - (41,754) Equity (8,488) (8,066) (25,200) 281,005 510,754 15,457,915 withdrawals 4186,760 7,473,975 3,005,421 Total equity V 141CROFILIIED 01' JORM MICRbLAB CEDAR RAPIDS D[5 MOINES _ - _ - --- - \ _ _moi r I> - CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Note 5. Bonded and Other Long -Term Debt General Obligation Bonds 1,763,000, are outstanding at Various issues of unmatured general obligation bonds, totaling $1 June 30, 1980. The bonds bear from $500.000 tonterest rates $1,319,000, withging from the final3payments due in.25% todthefyeariending ortione0al amounts ranging payments on all general obligation bonds, except tax -abated p 1992. Interest and principal the enterprise funds, are accounted for in the Debt Service Fund. recorded in Capitalized Lcase Payable Equipment being acquired under capital leases has been capitalized and the lease payables recorded. The June 30, 1980 balance of $40,775 is due in monthly installments of $1,7260 including interest to I December, 1982. N 0° Revenue Bonds I At June 30, 1980, the following unmatured revenue bonds are outstanding: pollution Control Parking Nater 1,190,000 Revenue bonds $5,200,000 $1,709.25% 3,25% to 5.90% 6.00% to 7.00% 3.80X to 4.25X 60000 to $100,000 ' Interest rates $105,000 to $440,000 $35,000 to $187,000 $ , Annual maturity The revenue bonds were issued by the Water, Parking and Pollution Control Funds to finance various improvementsand facilities. iTheore enuenterpriarefundsaterallzed by the future revenues of the funds and he .D 111CROFILMED BY JORM MIC R6LAO 1 1 � CEDAR ftRl'1 DS DCS f-0OIYCS ■ r 7 CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS 30, uire es of nd parkingesystemnbe setn naside as receivedtintoeseparate0andgspecialafunds. The use hofwthe rfunds ea is to be restricted as follows: 111CRo(1L11CD 61' JORM MIC RbLAB - 1 i � CEDAR RAPIDS DES MOINES i I Amount Fund Amount sufficient to pay current bond and interest maturities. (a) Revenue Bond Sinking (b) Bond and Interest Reserve per month or s0fwater $1,000per month for bonds, untilthe reserve bonds, and $5 000 per monthforparkingbonds balance equals the maximum amount of principal and interest due on the bonds in any succeeding fiscal year. (c) Depreciation, Extension $2,000, month sewerbonds,$3,000 per month for water I and Improvement thOfor and ng s. , N � (d) operation and Maintenance $500 per month for the eater bonds only until the account aggre— i Reserve gates $50,000. The ances lso require that the City rates for water, sewer, nd services bonds,aincludingg interest thbond atare largeenoughto produce revenues adequateotoeretire the revenue Another important restriction on the outstanding water and sewer bonds is that the bond ordinances y be sold, leased, mortgaged, state that the City guarantees that none of the facility's property would or essential. This restriction continues as long as or disposed of as long as such property is useful any such bonds are outstanding. 111CRo(1L11CD 61' JORM MIC RbLAB - 1 i � CEDAR RAPIDS DES MOINES i I , CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Summary of Bond Transactlons June 30, 1980, is as follows: A summary of the changes in long-term debt, by type, for the year ended Redeemed/ June 30, ' June 30, Ise Matured 1980 1979 _ 7�,0�0 $ 944,000 $11 763 000 General obligation bonds $12 $ 56,167_ 6 392 Capital leases payable _ $ 240,000 $ 1,709,000 Revenue bonds: $ 1,949,000 $ _ 55,000 1,190,000 Water 1,245,000 - 5 200.000 Pollution control 5 200,000 _ 295 000 $ 8 O, 99 000 Parking _�— 8 394 000_ 4_l 92 1 02 5 $21,1 .16 Total u 0 Summar of Bond Princi al and Interest Maturities June 30, 1980 are required to service all outstanding bonded debt at Annual debt service requirements as follows:' Type Of Bond General _ r Year Ending Obligation Revenue -- June 30 $ 1,506,415 $ 672,617 1981 1,845,145 669,024 1982 1,662,300 761,757 1983 1,504,700 737,776 1984 1,552,250 710,046 1985 5,944,625 3,543,607 1986-1990 1,079,500 3,035,061 1991-1995 - 2,256,165 1996-2000 - 1 819,179 2001-2004gy,935 $14 2 ? MICRO(ILMCD 6Y JORM MIC R(iMLA B' 1 1 � CEDAR RAPIDS • DES'MOINES I i i I i _ 1 I� y i r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Legal Debt Margin At June 30, 1980, the general obligation debt issued by the City did not exceed its legal debt margin computed as follows: Assessed valuation: $767,086,636 Real property 31,127,901 Personal property 34,146,308 Utilities 28 416 Monies and credits $8 2�.?61 Total valuation $ 41,619,463 Debt limit, 5% of total assessed valuation 11,803,775 Debt applicable to debt limit $ 29 815,688 Legal debt margin Industrial Revenue Bonds the city. These The City has participated in several issues of industrial revenue bonds, issued for the purposes o constructing privately operated manufacturingand other related venuesfacilifrom ties leasenagreements and prop— bonds are not direct or contingent Liabilities of the City. erty purchased with the bond proceeds are pledged for the total payment of principal and interest on the bonds and the bondholders can look only to these sources for repayment. IIICRDEILI.IED BY JORM MIC R#LAB 1 CEDAR RAI -IDS DES MOINES ' I I r M1 CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Note 6. Changes in General Fixed Assets During the year ended June 30, 1980, general fixed asset acquisitions and disposals were as follows: Balance Balance June 30, June 30, 1979 Acquisitions Disposals 1980 By type: $ 790,319 $ 893,500 $ — $1,683,819 Land Buildings and structures 2,825,805 1,676,138 _ 4,501,943 289,696 Other improvements 205,828 122 110 83,868 174,992 — 1,297,102 Equipment and vehicles t 1 $2,828,498 _ $ $7,772,560 I I j N By funding source: $2,615,219 $ 55,181 $ _$2,670,400 General Fund Special Revenue Fund 115,961 923,169 _ 1,039,130 86,342 17,877 104,219 Gifts i Capital Projects Funds: General obligation bond proceeds 1,715,669 1,719,058 — 3,434,727 Other governments 410 871 113,213 _ 524 084 j $2,828,498 Note 7. Capitalized Interest During Construction Net interest expense of $31,106 incurred during construction of fixed assets was capitalized as part of the cost of the assets acquired by the Parking Fund during the year ended June 30, 1980. i>- NICROEILMED BY ,I JORM MICR6LAB � CEDAR RAPIDS DES MOI,ICS � ' I _ 1 I LL J r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Note 8. Interfund Receivables and Payables At June 30, 1980, interfund receivables and payables were as follows: Note 9. Other Employee Benefits The City maintains hospitalization and some life insurance coverage for all of its full—time employees. The cost of the insurance is paid for in full by the City. MICROFILMED BY i JORM MICR6LAE3 L! I CEDAR RAPIDS • DES MOIRES i J Interfund Receivable Payable Fund $ 957,152 $ 123,863 General Fund Special revenue funds: $ 1"$ 792,703 Community Development Block Grant 6,913 19,252 Other Shared Revenues and Grants $ 7 088 811 955 1 5 Debt Service$ — S1 105,024 Special Assessment Enterprise funds: $ _ $ 4,098 Parking 14,000 3,145 Pollution Control 56,613 6,483 Water — 22,136 Sanitation 6 777 17,695 Airport $ 77,390 53,551 Internal service funds: $ 135,488 $ 32,485 Equipment Maintenance 29,701 — Central Services $ 165,189 46 Fiduciary fund types: $ _ $ 1,197 Perpetual Care — 6,913 Iowa City housing Authority $ _ $ 8,110 $ 1,206,819 $ 1,206,819 Note 9. Other Employee Benefits The City maintains hospitalization and some life insurance coverage for all of its full—time employees. The cost of the insurance is paid for in full by the City. MICROFILMED BY i JORM MICR6LAE3 L! I CEDAR RAPIDS • DES MOIRES i J r I I CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS All full-time City employees accumulate vacation and sick leave hours for subsequent use or for payment upon termination or retirement. These accumulations are not recognized as expenditures by the City until used or paid, except that the vested portion of these benefits pertaining to the enterprise funds is recorded. The City's approximate maximum liability for the unrecorded portion of the accrued employee benefits at June 30, 1980 is as follows: 1 MICROFILMED BY JORM MICR (�LAB i I � CEDAR RAPIDS DES MOIRES ' Total Governmental Enterpr se Amount Funds Funds Benefit $ 249,874 $ 249,874 $ - Vacation 1,277,801 1,141,557 136.244 Sick leave$1,527,675 $1 391,431 $ 136,244 I Note 10. Federal Revenue Sharing SLequirarinFund as atem- u r Federal revenue sharing when monies, received, are deposited in the Revenue and reporting q ements of the porary depository for the purpose of satisfying budgets the accounting for the TheCit casndetermined pif o eratingafund,nd federal revenue sharing regulations. byts the natureanddpurpose is revenue sharing monies within the appropriateP revenue the re made recorded as having been made from the Revenueherged to thre e individualroperatingpfundtandsetrensferfis Sharing Fund. monies transferred from the Revenue Sharing The following tabulation shows, by program, the amount of June 30, 1980: Fund to the various operating funds for the year ended $ 55,500 Community protection 91,712 Human development 359,444 Rome and community environment 195,519 i Policy and administration $ 702,175 I.� MICROFILMED BY JORM MICR (�LAB i I � CEDAR RAPIDS DES MOIRES ' r CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS Note 11. Construction and Purchase Commitments The total outstanding purchase and construction commitments of the City at June 30, 1980 amount to $9,032,000. Of these commitments, approximately $5,505,000 will be funded by federal and state grants. Note 12. Contingent Liabilities The City is named as a co—defendant in a lawsuit related to a railroad crossing fatality. The suit filed 1s in excess bf $500,000. The City's liability, if any, cannot be determined at this time. The City is also named as defendant in a lawsuit for $14,000,000 related to a noise ordinance which the plaintiff claims will force the relocation of their operations. I N There are numerous other lawsuits pending against the City for various reasons. The outcome and even— tual liability of the City, if any, in these cases is not known at this time. Effective January 1978, the City discontinued its general liability insurance coverage and established a self—insurance program for tort liability claims of less than $1,000,000, 1n lieu of obtaining Insurance coverage. From January, 1980 through April, 1980, the City tied no liability insurance coverage and was totally self—insured. In April, 1980, the City again obtained general liability insurance coverage which covers only claims relating to Incidents occurring after April 24, 1980. This coverage provides for claims up to $5,000,000 and has a $50,000 deductible. The City participates in a number of federal and state assisted grant programa. These programa are subject to program compliance audits by the grantors or their representatives. The audits of certain of these programs for various periods prior to or including the year ended June 30, 1980 have not yet been conducted. Accordingly, the City's compliance with applicable grant requirements will be established at some future date. The amount, if any, of expenditures which may be disallowed by the granting agencies cannot be determined at this time, although the City expecte such amounts, if any, to be immaterial. I1ICROEILIIED BY I JORM MICRAi LA13 1 LCEDAR RAPIDS • DES 1401YES C CITY OF IOWA CITY, IOWA NOTES TO FINANCIAL STATEMENTS i Note 13. Special Assessment Fund At June 30, 1980, the 1979 BDI Second Addition Improvements project, which is being accounted for In the Special Assessment Fund, is in progress. The costs of the project have been financed by construe— , - tion warrants which bear interest at 7%. Subsequent to June 30, 1980, special assessments of $437,957 were levied against the properties bene— fiting from the project improvements. Also, subsequent to year—end, the construction warrants were paid by issuance of special assessment bonds totaling $370,000. The bonds bear interest at 10% and mature in varying amounts, with final payment due December 31, 1990. Note 14. Subsequent Event on September 1, 1980, the City issued $2,570,000 of general obligation bonds. The bondsbear interest rates ranging from 6.30% to 6.60% and mature in varying annual amounts ranging from $170,000 to i $400,000, with the final p!yment due in the year ending June 30, 1992. i MICROFILMED BY JORM MICR6LAE) CEDAR RAPIDS DES MOVES J� I a (This page intentionally left blank.) 1 i i IdICROFILMCD BY JORM MICR46LAB J CEDAR RAPIDS DES MOINES I I I r CITY OF IOWA CITY, IOWA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS June 30, 1980 -37- ! HICROFILwED BY JORM MICR46LA13 1 CEDAR RAPIDS DES MOVIES I HAI - Other Community Shared Federal Development Revenues Revenue ASSETS Block Grant And Grants Sharing Total Cash $ - $ - $ 11 $ 11 Investments 883 21,725 340,010 362,618 Receivables, accrued interest 1,263 4,613 21,868 27,744 Due from other funds 175 6,913 - 7,088 Due from other governments 1,014,289 79,643 144,047 1,237,979 Prepaid expenses 446 - - 446 Total assets $1,017,056 $ 112,894 $ 505,936 $1,635,886 LIABILITIES AND MUNICIPAL EQUITY Liabilities: Accounts payable $ 53,758 $ 650 $ - $ 54,408 Contracts payable 163,469 - - 163,469 Accrued liabilities 6,883 544 - 7,427 Deferred revenues - 19,217 - 19,217 Due to other funds 792,703 19,252 - 811,955 Total liabilities $1,016,813 $ 39,663 $ - $1,056,476 Municipal equity, fund balances (deficit): Reserved for encumbrances $1,228,956 $ - $ - $1,228,956 Unreserved, undesignated (1,228,713) 73,231 505,936 (649,546) Total municipal equity S 243 $ 73,231 $ 505,936 $ 579,410 Total liabilities and municipal equity $1,017,056 $ 112,894 $ 505,936 $1,635,886 -37- ! HICROFILwED BY JORM MICR46LA13 1 CEDAR RAPIDS DES MOVIES I HAI - �! u CITY OF IOWA CITY, IOWA j COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS June 30, 1980 Other Community Shared Federal Development Revenues Revenue Block Grant And Create Sharing Total REVENUE Intergovernmental $ 1,661,581 $ 1,402,808 $ 591,904 $ 3,656,293 Charges for services 175 600 - 775 Uses of money and property 19,428 5,871 60,827 86,126 Miscellaneous 167,191 60,570 2,479 230,240 $ 1,848,375 $ 1,469,849 $ 655,210 $ 3,973,434 EXPENDITURES Current: Human development $ 90,754 $ 62,618 $ - $ 153,372 Home and community environment 926,353 734 - 927,087 Policy and administration 155,466 100,903 - 256,369 Capital outlay 955,162 22,255 - 977,417 $ 2,127,735 $ 186,510 $ - $ 2,314,245 Revenue over (under) expenditures $ (279,360) $ 1,283,339 $ 655,210 $ 1,659,189 OTHER FINANCING (USES), — operating transfers (to) other funds - (1,380,645) (702,175) (2,082.820) Revenue (under) expenditures and other financing uses $ (279,360) $ (97,306) $ (46,965) $ (423,631) — FUND BALANCE, BEGINNING 279,603 299,567 552,901 1,132,071 Equity transfers to other funds - (129,030) - (129,030) FUND BALANCE, ENDING $ 243 $ 73,231 $ 5051936 S 579,410 -38 - 19a. I. MICROFILMED BY JORM MIC ROLAB ,• � 1 � CEDAR RAPIDS DES MOIYES , J r I �1 F CITY OF IOWA CITY, IOWA — COMBINING BALANCE SHEET CAPITAL PROJECTS FUNDS — June 30, 1980 -39- 19021 MICROFILMED BY i I. "CORM MIC RdLAB CEDAR RVIDS DES MOINES I Bridge, Street And .! Traffic Control Construction Library Construction Other Construction Total ASSETS .j $ - $ - $ 980 $ 980 Cash 1,616,602 2,219,042 1,910 3,837,585 66,544 Investments Receivables, accrued interest 25,176 41,298 - 7,923 236,984 Due from other funds 229,061 826,549 - - 826,549 Due from other governments — Total 2 6S� S'-,260,340 S 10,914 $4,968,642 assets LIABILITIES AND MUNICIPAL _. EQUITY — Liabilities: $ 14,618 $ 30,185 $ 7,341 $ 52,144 Accounts payable 646,549 417,275 10,848 1,074,672 Contracts payable 1,643 - - 1,643 — Deferred revenue 3,441 221 - 3 662 Accrued liabilities $ 666,251 18,189 $1,1 2,121 I Total liabilities Municipal equity, fund balance: $1, 115,936 $1,305,894 $ 449,764 — $2,871,594 _ Reserved for encumbrances Unreserved, designated for future improvements 915 201 506 765 457 039 S 964 927 _ Total municipal equity $2,0 $1,8 Total liabilities and $2,697,388 52.260,340 $ 10,914 $4,968,642 municipal equity -39- 19021 MICROFILMED BY i I. "CORM MIC RdLAB CEDAR RVIDS DES MOINES I n CITY OF IOWA CITY, IOWA COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES CAPITAL PROJECTS FUNDS June 30, 1980 REVENUE Intergovernmental Use of money and property Miscellaneous EXPENDITURES, capital outlay Revenue (under) expenditures OTHER FINANCING SOURCES (USES), operating transfers From other funds (To) other funds Bridge, Street And Traffic Control Library Other Construction Construction Construction Total $ 1,008,894 $ - $ - $ 1,008,894 141,874 283,036 - 424,910 27,994 _ 12,614 19,419 60,027 $ 1,178,762 $ 295,650 $ 19,419 $ 1,493,831 2,461,605 1,707,742 119,418 4,288,765 $(1,282,843) $(1,412,092) $ (99,999) $(2,794,934) $ - $ - $ 77,408 $ 77,408 113 048) - (146) (113.194) $ 77,262 $ (35,786) Revenues and other financing sources (acd,?r) expenditures and other financing uses $(1,395,891) $(1,412,092) $ (22,737) $(2,830,720) FUND BALANCE, BEGINNING 3,427,028 3,224,751 15,462 6,667,241 FUND BALANCE (DEFICIT), ENDING $ 2,031,137 $ 1,812,659 $ (7,275) $ 3,836,521 -40- 1 MICRO(1LMED 6Y JORM MICR6LA 1 1 CEDAR RANDSD[S MOVIES i 19,17 J L CITY OF IOWA CITY, IOWA COMBINING BALANCE SHEET ENTERPRISE FUNDS June 30, 1980 :41DROEILMED BY I 1 JORM MIC R6CA B -- CEDAR RAPIDS DES n1Dl`!ES I Pollution ASSETS Parking Control Water Sanitation Airport Total Cash $ 177 $ 107 $ 683 $ 374 $ - $ 1,341 Investments 1,994,586 585,564 276,697 162,289 - 3,019,136 Receivables: Accounts and unbilled usage 881 99,812 203,586 99,379 8,466. 412,124 Interest 31,226 39,393 20,337 7,562 - 98,518 Due from other funds - 14,000 7,982 - 6,777 28,759 Due from other governments 68,025 843,658 - - 1,517 913,200 Inventories - - 128,145 - - 128,145 Prepaid expenses 192 2,085 2,882 8,319 2,597 16,075 Restricted assets: Cash 245 21,811 11,868 33,924 ! Investments 1,190,676 1,234,898 672,800 - 78,752 3,177,126 r Interest receivable 35,410 22,118 2,779 - 4,147 64,454 Due from other funds - - 48,631 - - 48,631 Property and equipment: Land 1,405,044 19,292 60,547 145,264 254,132 1,884,279 Buildings and structures 150,210 2,355,126 3,722,242 4,000 272,681 6,504,259 Improvements other than buildings 2,920 6,297,057 2,475,004 - 529,755 9,304,736 , Equipment and vehicles 3,813 35,918 42,583 1,950 - 84,264 Accumulated depreciation (5,402) (3,713,207) (2,288,987) (644) (639,041) (6,647,281) Construction in progress 5,647,268 3,302,850 - - - 8,950,118 Total assets $10,525,026 $11,138,916 $ 5,397,722 $ 428,493 $ 531,651 $28,021,808' :41DROEILMED BY I 1 JORM MIC R6CA B -- CEDAR RAPIDS DES n1Dl`!ES I r LIABILITIES AND MUNICIPAL EQUITY Liabilities: Accounts payable Contracts payable Accrued liabilities Claims payable Due to other funds Payable from restricted assets: Due to other funds 236,984 _ Contracts payable 680,781 727,935 _ - 236,984 Interest payable 172,152 20 912 1,408,716 Customer deposits _ ' 22,925 - - 215,989 Long-term debt: - 38,431 - - 38,431 Revenue bonds payable 5,200,000 1,190,000 1,709,000 _ General obligation - 8,099,000 bonds payable 1,619,765 _ Total liabilities 6 338 266 500,000 - - 2,119,765 S 3 664 941 2 392 301 147 488 20 897 12 563 893 I Municipal equity: N Contributed capital Retained earnings 47 708 $ 7 838258 1 432 088 145 264690 145 10 353 463 (deficit): Restricted $ 136,170 $ 448,413 Unrestricted 4 002 882 $ 519,665 $ - $ 9,366 $ 1,113,614 139 052 (364283), 1 573 333 135 7) 1 053 668 135 41 -1h8-j-7-57) 3 990 838 Total municipal equity 4 186 760 4---Q-64.L283) 7,473,975 �----�-• ) 5 1 52 �--�-- S_ 3 005 421 281 005 510 754 15 457 915 Total liabilities and municipal equity L10,525 026 ms 11 13B 916 5 397 722 428 493 531 651 JiLO21,808 $ 19,296 $ 29,574 $ 32,689 $ 3,621 $ 1,958 $ 87,138 24,955 73,610 78,273 78,160 - 78,160 4,500 43,571 1' 244 221,653 4,098 3,145 6 483 - 4,500 22,136 17,695 53,557 MICROFILMED BY I - JORM MICRI�LAB� i CEDAR RAPIDS • DES MOVIES _ J 1 J r CITY OF IOWA CITY, IOWA COMBINING STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS ENTERPRISE FUNDS Year Ended June 30, 1980 HICROEILMED BY I JORM MICR6LAB CEDAR RAPIDS • DES 110DIES I I J Pollution Operating revenue: Parking Control Water Sanitation Airport Total Charges for services and use of property Miscellaneous $ 545,548 19 817 $ 855,683 $ 1,309,351 $ 594,180 $ 18,553 $ 3,323,315 565!5 24 681 $ 8 0, 100 678. $ 1, 10,02 9 508 14 261 168 945 Operating expenses: $� $� Personal services Commodities $ 64,689 $ 277,441 $ 343,836 $ 257,348 $ 13,442 $ 956,756 Services and charges 4,617 64 088 35,795 276,884 227,733 386,317 12,326 533,239 10,963 43,174 291,434 $ 133 3 4 $ 590,120 957,886 1 303 652 1 $ $ 802,913 $ 67,579 ,S 2,551,8 2 Operating income (loss) before depreciation 1 $ 432,021 $ 290,244 $ 452,143 $ (199,225) $ (34,765) $ 940,418 Depreciation 539 257,907 188,834 524 10,261 458,065 Operating income (loss) $ 431,482 $ 32,337 $ 263,309 $ (199,749) $ (45,026) $ 482,353 Nonoperating revenue (expenses): Intergovernmental income - - Interest income Interest 96,024 348,915 127,824 23,767 12,539 9,357 12,539 605,887 expense (28,555) (128,778) (92,345) - - (249,678) Income before operating transfers $ 498,951 $ 252,474 $ 298,788 $ (175,982) $ (23,130) $ 851,101 Operating transfers in - - - 157,191 24,095 181,286 Net income (loss) $ 498,951 $ 252,474 $ 298,788 $ (18,791) $ 965 $ 1,032,387 HICROEILMED BY I JORM MICR6LAB CEDAR RAPIDS • DES 110DIES I I J r r v Retained earnings (deficit), beginning 3,648,589 (608,691) 1,299,745 154,532 (380,356) 4,113,819 Equity transfers to other _ _ 41,754) funds (8,488) (8,066) (25,200) Retained earnings (deficit), ending4 1Sy 39 052 S (364,283) $ 1,573,333 $ 135,741 $ (379,391) S 5,104.452 j 111CROMMED DY ' t CORM MICREILAB -� CEDAR RAPIDS •DES I4011JE5 r I I CITY OF IOWA CITY, IOWA COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION ENTERPRISE FUNDS Year Ended June 30, 1980 Pollution Parking Control Water Sanitation Airport Total SOURCES OF WORKING CAPITAL Operations:_ 965 $ 1,051,178 Net income $ 498,951 $ 252,474 $ 298,788 $ $ Item not requiring - 10,261 457.541 resources, depreciation 539 257,907 188,834 Working capital provided _ 11,226 $ 1,508,719 by operations $ 499,490 $ 510,381 $ 487,622 $ $ Contributions of capital, _ 2,231,603 - - 13,030 2,244,633 other governments Total sources of_ 24,256 $ 3,753,352 $ working capital $ 499,490 2,741,984 $ 487,622 $ S i � I USES OF WORKING CAPITAL N Operations:_ $ $ 18,791 $ - $ 18,791 Net logs $ Item not (requiring)(524 resources, depreciation - (524) (524) Working capital used _ _ $ 18,267 $ _ $ 18,267 by operations $ - $ $ Purchase of property _ 35,683 7,018,860 and equipment 3,989,832 2,840,591 152,754 - 295,000 Payment Of revenue bonds - 55,000 240,000 - Payment of general - _ - 145,110 75,000 220,110 obligation debt Equity contributed to - _ __41 L754 equipment fund 8,488 8,066 25,200 Total uses of working capital 3,998,320 3,048,767 $ 492,954 $ 18,267 $ 35,683 $ 7,593,991 $ Net increase (decrease) in working capital (3,498,830) $ (306,783) $ (5,332) $ (18,267) $ (11,427) Si(3,840,639) .p Q,1 V J.. 14ICROEIL11ED BY J ` I JORM MICR6LA13 1 L` I CEDAR RAPIDS • DES MOINES � I i I I I r ELEMENTS OF NET INCREASE (DECREASE) IN WORKING CAPITAL Cash Invec:.Aen is Receivables Due from other funds Due from other governments Prepaid expenses Inventories Accounts payable Contracts payable Accrued liabilities Due to other funds Net increase (decrease) in working capital S� $ (449,904) $ (22,304) S 4,670 $ 74 $ 11,868 $ (455,596) (2,762,649) (394,059) 34,384 82,289 3,752 (3,036,283) (195,024) (6,471) (27,058) 3,447 8,574 (216,532) (1,747) 4,713 (15,160) (23,449) (35,643) 68,025 800,358 - - (4,737) 863,646 (200) (596) (686) (1,602) 1,203 (1,881) - - (11,523) - - (11,523) 10,129 13,804 (12,764) 2,237 9,752 23,158 (293,427) (4,829) (706,280) (11,284) - 4,570 (78,160) (7,250) - (701) (1,077,867) (19,494) 129,049 21,796 (1,638) (4,142) (17,689) 127,376 $(3,498,830) $ (306,783) $ (5,332) $ (18,267) $ (11,427) $(3,840,639) 1 MICROFILMED BY I JORM MIC CEDAR RANDS OES t4014ES i I � I r CITY OF IOWA CITY, IOWA COMBINING BALANCE SHEET INTERNAL SERVICE FUNDS June 30, 1980 ASSETS Due from other funds Due from other governments Inventory Prepaid expense Property and equipment: Land Buildings and structures Improvements other than buildings Equipment and vehicles Accumulated depreciation Construction in progress Total assets LIABILITIES AND MUNICIPAL EQUITY Liabilities: Accounts payable Other accrued liabilities Due to other funds Total liabilities Municipal equity: Contributed capital Retained earnings Total municipal equity Total liabilities and municipal equity -47- Equipment Central Maintenance Services Total $ 135,488 $ 29,701 $ 165,189 955 - 955 290,121 12,632 302,753 1,365 35 1,400 45,462 - 45,462 176,426 - 176,426 3,984 - 3,984 2,564,273 - 2,564,273 (1,116,554) - (1,116,554) 332,578 - 332,578 $2,434,098 42,368 $2.476,466 $ 286,417 $ 1,404 $ 287,821 —• 27,181 6,033 33,214 32 485 $ 6,08 - Si 33.2.48.5_ " $ 3539510 $1,713,255 $ - $1,713,255 374,760 34,931 409,691 $2,088,015 $ 34,931 $2,122,946 $2,434,098 $ 42,368 $2,476,466 MICROFILMED BY JORM MICRbLAB CEDAR RAPIDS • DES MO CJES I /9"1 11 - i I CITY OF IOWA CITY, IOWA COMBINING STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS INTERNAL SERVICE FUNDS Year Ended June 30, 1980 Operating revenue: Charges for services and use of property Miscellaneous Operating expenses: Personal services Commodities Services and charges Operating income before depreciation Depreciation Net income (loss) Retained earnings, beginning Retained earnings, ending LF... Equipment Central Maintenance Services Total $1,249,319 $ 108,355 $1,357,674 $LIf6 503 193 6 696 Ts -10 -8—.5 -4r8 - 224,67o 108,5 8 224,670 $ 48,468 $ 273,138 758,648 13,633 772,281 115 153 34 490 "L u Ynt471 51,149,042 $ 157,351 $ 11,957 $ 169,308 2334197 - 233,197 $ (75,846) $ 11,957 $ (63,889) 450,606 _ 22,974 473,580 $ 374,760 34.931 $ 409,691 T -48- h11CROf ILI•IED BY ' JORM MICR6LAB 1 CEDAR RAPIDS • DES 11019E5 I a M9 27 J i i �i CITY OF IOWA CITY, IOWA COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION INTERNAL SERVICE FUNDS Year Ended June 30, 1980 -49- 1 ! 111CA0EIL11ED BY JORM MIC R6LAB I CEDAR A4111 DS • DES 14019ES f � � Equipment Central Maintenance Services Total SOURCES OF WORKING CAPITAL Operations: $ (75,846) $ 11,957 $ (63,889) Net income (loss) Item not requiring resources, 233,197 233,197 depreciation Working capital provided by operations $ 157,351 $ 11,957 $ 169,308 Contributions:129,030 129,030 - Other governments 111,613 - 111,613 City of Iowa City Total resources from working capital $ 397,994 $ 11,957 $ 409,951 USES OF WORKING CAPITAL, purchase of 535,419 - 535,419 property and equipment Net increase (decrease) in working $(137,425) S 11,957 $(125,468) capital ELEMENTS OF NET INCREASE (DECREASE) IN WORKING CAPITAL $ 29,273 $ 13,880 $ 43,153 Due from other funds 955 _ 955 -' Due from other governments 32,844 149 32,993 Inventory (282) 35 (247) Prepaid expense (241,570) (444) (242,014) � Accounts payable 22,400 _ 22 •400 Contracts payable (4,314) (1,789) (6,103) Accrued liabilities 23,269 126 23,395 Due to other funds Net increase (decrease) in working $(137,425) $ 11,957 $(1252468) „ capital -49- 1 ! 111CA0EIL11ED BY JORM MIC R6LAB I CEDAR A4111 DS • DES 14019ES f � � ASSETS Cash Investments Receivables: Property taxes Accrued interest Other Total assets I Nonexpendable Trust Fund Perpetual Care $ 80,882 0 Funds Project Leen Gr $ 18 33,000 I LIABILITIES AND MUNICIPAL 18 40,587 EQUITY L 470 11,325 Liabilities: 108,926 11,325 Accounts payable $1 991,413 Accrued liabilities $ 125,486 Due to other funds $4,104,024 Due to other governments Total liabilities Municipal equity, fund 'balances, reserved for: Employee retirement system Perpetual care Total municipal equity Total liabilities and municipal equity �0 CITY Of IOWA CITY, IOWA COMBINING BALANCE SHEET TRUST AND AGENCY FUNDS June 30, 1980 Pension And Retirement Truet Funds Po'_ F_ ice_ $ 2,687 $ 12,218 1,803,651 1,938,590 - 33,810 $ 33,810 $ $ Nonexpendable Trust Fund Perpetual Care $ 80,882 Agency Iowa City Housing i Authorty $ (8,465) 121,156 Funds Project Leen Gr $ 18 33,000 Total $ 6,458 3,977,279 36 18 65,327 18 40,587 750 L 470 11,325 792 108,926 11,325 _ 1 g�83 $1 991,413 S 81,632 $ 125,486 $ 33,810 $4,104,024 $ $ 613 - 31,074 $ 7,146 11,315 16 913 - 8,110 ' _ _ 1,191 105 960 - 105 960 1 6 $ 11, 15 $ 1,197 S 1 =33 ,810 $ 178 95 $ _ $ _ , $3,844,635 $1,864,537 $1,980,098 $ 80 435 _ 80 435435 $L 86 ,537 $1 980,098 S 80,4i� $ 81,632 $ 125,486 $ 33,810 $4,104,024 $1,871,683 $1 991,413 $ IRICROIILMEO DY 1 JORM MICR(iILAB CEDAR RAPIDS • DES MOVIES I J i r LF.•\. CITY OF IOWA CITY, IOWA COMBINING STATEMENT OF REVENUE, EXPENSES AND CHANGES IN FUND BALANCES PENSION AND RETIREMENT TRUST FUNDS Year Ended June 30, 1980 Operating revenue: Property taxes Intergovernmental Contributions Miscellaneous Operating expenses: Personal services Services and charges t Net income (loss) Fund balance, beginning Fund balance, ending - 51 - Police Fire Total $ 214,904 $ 293,604 $ 508,508 162,532 139,857 302,389 38,032 47,845 85,877 1,966 2,087 4,053 $ 417,434 S 483.393 $ 900,827 $ 83,180 $ 136,497 $ 219,677 449 684 1 133 $ 1 ,1 1 $ LO $ 333,805 $ 346,212 $ 680,017 1,530,732 1,633,886 3,164,618 51,864,537 51,980,098 S3,844,635 11ICROEILMED BY 1 JORM MICR6LA9- CEDAR RAPIDS DES h101YES I i / 907 7 7 t r CITY OF IOWA CITY, IOWA — COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION PENSION AND RETIREMENT TRUST FUNDS Year Ended June 30, 1980 SOURCES OF WORKING CAPITAL, -52- Police Fire Total $333,805 $346,212 $680,017 241,138 286,564 527.702 S 92,667 $_59,648 $152,315 $ 2,421 $ 11,773 $ 14,194 69,616 53,045 122,661 22,114 (3,811) 18,303 (1,400) - (1,400) (84) (1 359) (1 443) S 5 • - $11 2 !1 FIICROEILMED DY ' JORM MICR6LAB- 1 CEDAR RAPIDS DES 1401!4[S i 19.7 operations, net income and total sources of working capital USES OF WORKING CAPITAL, refund of annuity savings fund and total uses of working capital .-. Net increase in working capital ELEMENTS OF NET INCREASE (DECREASE) IN WORKING CAPITAL Cash Investments Receivables Due from other funds Accrued liabilities Net increase in working capital -52- Police Fire Total $333,805 $346,212 $680,017 241,138 286,564 527.702 S 92,667 $_59,648 $152,315 $ 2,421 $ 11,773 $ 14,194 69,616 53,045 122,661 22,114 (3,811) 18,303 (1,400) - (1,400) (84) (1 359) (1 443) S 5 • - $11 2 !1 FIICROEILMED DY ' JORM MICR6LAB- 1 CEDAR RAPIDS DES 1401!4[S i 19.7 MICROFILMED BY JORM MICR6LAB CEDAR RAPIDS • DES MOINES i � _ I i9a i r J� fr �L. STATISTICAL SECTION I11 CROs uarD r;.. JORM MIC ROL A B CEDAR RM'IDS • DE'.'V!liS �9a,7 1 J r CITY OF IOWA CITY, IOWA PROPERTY TAX LEVIES AND COLLECTIONS Assess- Delinquent Total As A X ment Collection Total Current Tax % Of Levy Tax Total Tax Of Current Date Year Tax Levy Collections Collected Collections Collections Levy 1969 1970 $2,440,655 $2,376,617 97.4% $28,526 $2,405,143 98.5% 1970 1971 2,567,028 2,553,624 99.5 26,725 2,580,349 100.5 1971 1972 2,902,628 2,866,145 98.7 44,473 2,910,618 100.3 1972 1973 3,134,947 3,114,393 99.3 51,743 3,166,136 101.0 1973 1975* 5,427,059 5,378,747 99.1 15,576 5,394,323 99.4 1974 1976 4,148,714 4,153,463 101.1 40,380 4,193,843 101.8 1975 1977 4,712,465 4,710,074 99.9 32,080 4,742,154 100.6 1976 1978 4,955,262 4,969,801 100.3 44,823 5,014,624 101.2 1977 1979 5,676,460 5,607,321 98.8 28,229 5,635,550 99.3 1978 1980 6,267,062 6,233,220 99.6 37,693 6,270,913 100.1 I ASSESSED AND ACTUAL VALUE OF TAXABLE PROPERTY W Assess- R.R. Total Monies I ment Collection Real Personal Utility Assessed And Total Date Year Property Property Property Valuation Credits Actual Value 1970 1971 $ 57,186,907 $ 7,379,237 $ 4,098,711 $ 68,664,855 $478,125 $254,792,402 1971 1972 64,803,191 7,287,805 4,448,287 76,539,283 197,766 272,565,480 1972 1973 68,386,048 7,773,730 4,546,295 80,706,073 124,640 299,036,021 1973 1975* 71,264,091 8,394,046 4,855,441 84,513,578 53,144 313,066,396 1975 FY76 82,244,844 8,390,355 5,062,620 95,697,819 95,802 354,532,169 1976 FY77** 379,504,175 30,946,885 20,680,850 431,131,910 29,080 431,160,990 1977 FY79 390,559,758 31,098,091 22,334,309 443,992,158 28,453 444,020,611 1978 FY80 409,890,264 31,668,916 24,907,900 466,467,080 28,416 466,495,496 1979 FY81 483,948,173 31,127,990 28,861,094 543,937,257 28,468 543,965,725 1980 FY82 767,086,636 31,127,990 34,146,308 832,360,845 28,416 832,389,261 NOTE: Iq 1971, the state government began taxing banks and supplying the taxing agencies with a replacement of the monies and credits tax. The value of the monies and credits for those institutions was excluded from the actual value total. * Eighteen month period ended June 30, 1975. ** Assessed value changed from 27% to 100% of actual value. 11ICROFILMED BY JORM MICR6LAB 1 j CEDAR RAPIDS • DES MOVIES a 1 J r CITY OF IOWA CITY, IOWA RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA F 1 • CO10?UTATION OF DIRECT AND OVERLAPPING DEBT June 30, 1980 Name Of Governmental Unit City of Iowa City Johnson County Iowa City Community School District Total Net Debt Outstanding $11,763,000 1,975,000 4.114.000 $17,852,000 Per capita actual value * Eighteen month period ended June 30, 1975. % Applicable To City 100.00% 49.89 68.98 141CRDr ILMED BY i JORM MICR6LAB CEDAR RAPIDS • DES MOINES } I Iowa City Share Of Debt $11,763,000 985,328 2,837,837 $15,586,165 Ratio Of Net Net Bonded Bonded Debt Grose Debt Due Net Year Population Assessed Value Bonded Debt And Unpaid Bonded Debt 1970 46,850 $ 68,664,855 $ 3,914,000 $10,000 $ 3,904,000 1971 46,850 76,539,283 5,400,000 5,000. 5,395,000 1972 46,850 80,706,073 4,981,000 - 4,981,000 1973 46,850 84,513,578 5,142,000 - 51142,000 1975* 47,744 95,697,819 5,053,000 - 5,053,000 1976 47,744 431,131,910 4,314,000 - 4,314,000 1977 47,744 443,992,158 3,795,000 - 3,795,000 1978 47,744 466,467,080 5,966,000 - 5,966,000 1979 47,744 543,937,257 12,707,000 - 12,707,000 1980 50,508 832,360,845 11,763,000 - 11,763,000 F 1 • CO10?UTATION OF DIRECT AND OVERLAPPING DEBT June 30, 1980 Name Of Governmental Unit City of Iowa City Johnson County Iowa City Community School District Total Net Debt Outstanding $11,763,000 1,975,000 4.114.000 $17,852,000 Per capita actual value * Eighteen month period ended June 30, 1975. % Applicable To City 100.00% 49.89 68.98 141CRDr ILMED BY i JORM MICR6LAB CEDAR RAPIDS • DES MOINES } I Iowa City Share Of Debt $11,763,000 985,328 2,837,837 $15,586,165 Ratio Of Net Net Bonded Bonded Debt To Debt Assessed Value Per Capita .0567 to 1 $ 83.33 .0705 to 1 115.15 .0617 to 1 106.32 .0608 to 1 109.75 .0528 to 1 105.84 .0100 to 1 90.36 .0085 to 1 79.49 .0128 to 1 124.97 .0234 to 1 266.17 .0189 to 1 232.89 Ratio To City Per Capita Actual Value Population 50,508 1.99% $232.89 .16 19.51 .48 56.18 2.63%$308.58 $11,727.82 1 J t r Levy Collection Year Year 1970 1971 1971 1972 1972 1973 1973*** 1974 1974 1975/76 Total Iowa City TO Total N FY76**** 1976/77 C1t Iowa -- Count FY77 1977/78 FY78 1978/79 FY79 1979/80 FY80 1980/81 CITY OF IOWA CITY, IOWA PROPERTY TAX ERR$1E,000 ASSESSEDLAPPING VALUATIONVERNIfENTS * Basic school levy combined by law in 1972 with school district levy. ** Includes mill levy for Joint County School Board not included elsewhere. *** Tax levy of twelve month - Changed from mills to dollar/actual valuation amounts. 1976 is on a fiscal year basis. 1 MICROFILMED oY 1 JORM MIC R6LA6 CEDAR RAPIDS DES tdO1YES ! I 1 Basic Ratio Of Iowa City County City Of Johnson Area Total Iowa City TO Total School District School Levy C1t Iowa -- Count School 37.012 21.244 1.500 145.082 25.5 r 57.219 28.107 130.847** 28.7 20.248 37.590 15.789 1.508 51.839 1.508 136.116** 28.0 38.073 17.732 74.931* ' 1.507 134.221** 31.5 42.304 18.259 68.318 ' 1.938 124.647** 34.3 42.751 22.515 57.253 - 30.742 25.6 10.951 4.381 .483 14.927 31.142 35.6 11.096 4.500 .406 15.140 32.342 37.3 12.079 4.997 .416 .14.850 - 30.498 37.5 11.432 5.194 .416 13.456 31.720 39.5 12.515 5.290 .407 13.508 - * Basic school levy combined by law in 1972 with school district levy. ** Includes mill levy for Joint County School Board not included elsewhere. *** Tax levy of twelve month - Changed from mills to dollar/actual valuation amounts. 1976 is on a fiscal year basis. 1 MICROFILMED oY 1 JORM MIC R6LA6 CEDAR RAPIDS DES tdO1YES ! I 1 r LF.. .r, i CITY OF IOWA CITY, IOWA RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL BONDED DEBT TO TOTAL GENERAL EXPENDITURES - 56- Y 111CRor1LMED BY JORM MICREILAB 1 ' CEDAR RAPIDS •DCS f-0OlNES l _. J /9.2 -7 - 1 Ratio Of Debt Service Total Total General To General Year Principal Interest Debt Service Expenditures Expenditures 1970 164,000 116,724 280,724 3,834,806 .073 to 1 1971 264,000 160,999 424,999 5,017,290 .085 to 1 1972 419,000 217,954 636,954 5,168,402 .123 to 1 1973 439,000 202,900 641,900 5,809,596 .110 to 1 1975* 489,000 321,538 810,538 10,430,585 .078 to 1 FY76** 739,000 203,482 942,482 7,801,892 .121 to 1 FY77 804,000 183,356 987,356 9,048,699 .109 to 1 FY78 844,000 272,351 1,116,351' 9,200,611 .121 to 1 FY79 1,009,000 282,755 1,291,755 10,562,990 .122 to 1 FY80 944,000 536,454 1,480,454 9,694,029 .153 to 1 General expenditures are those made out of the General Fund, Debt Service and Pension and Retirement Fund. * Eighteen month period ended June 30, 1975. ** Fiscal year periods begin this year. - 56- Y 111CRor1LMED BY JORM MICREILAB 1 ' CEDAR RAPIDS •DCS f-0OlNES l _. J /9.2 -7 - 1 r L CITY OF IOWA CITY, IOWA _. SCHEDULE OF REVENUE BOND COVERAGE Water Revenue 1970 $ 883,005 $410,993 Parking Revenue $ 90,000 $146,276 $236,276 2.0% 1971 965,406 Net Revenue 511,704 95,000 137,588 232,588 2.2 1972 932,104 Available For Debt Service Requirements 117,027 237,027 Year Revenue Expense Debt Service Principal Interest Total Coverage 1970 $ 302,753 $149,204 $153,549 $ 65,000 $ 16,462 $ 81,462 1.95 1971 287,558 161,215 126,343 105,000 17,513 122,513 1.0 1972 270,733 100,204 170,529 230,000 11,375 241,375 .7 1973 272,333 73,334 198,999 - - - - 1975* 425,827 104,170 321,657 - - - - 1976 320,494 64,931 255,563 - - - - " 1977 571,060 88,822 452,238 - - - - 1978 574,708 109,592 465,116 - - - - 1979 553,675 119,946 433,729 - - - - 1980 759,203 132,678 626,525 - 370,403 371,403 1.68 4�. Sever Revenue 1970 $ 405,928 $203,716 $202,212 $ 35,000 $ 59,077 $ 94,077 2.1% 1971 508,815 227,722 281,093 35,000 57,878 92,878 3.0 1972 490,494 233,473 257,021 40,000 55,723 95,723 2.7 „ 1973 495,713 245,036 250,677 40,000 54,408 94,408 2.7 1975* 785,097 446,819 338,278 80,000 78,960 158,960 2.1 1976 672,893 349,189 323,704 45,000 49,960 94,960 3.4 1977 796,949 400,480 396,469 50,000 49,787 99,787 4.0 1978 855,256 393,529 461,727 50,000 47,222 97,222 4.7 -' 1979 947,758 515,847 431,911 50,000 45,833 95,833 4.5 1980 952,211 566,067 386,144 55,000 43,748 98,748 3.9 Water Revenue 1970 $ 883,005 $410,993 $472,012 $ 90,000 $146,276 $236,276 2.0% 1971 965,406 453,702 511,704 95,000 137,588 232,588 2.2 1972 932,104 449,801 482,303 120,000 117,027 237,027 2.0 1973 872,590 549,152 323,438 105,000 124,446 229,446 1.4 1975* 1,419,302 853,170 566,132 125,000 166,927 291,927 1.9 1976 1,190,176 735,199 454,977 130,000 101,072 231,072 2.0 1977 1,230,955 786,926 444,029 140,000 99,195 239,195 1.9 1978 1,392,589 947,120 445,469 145,000 90,482 235,482 1.9 1979 1,381,403 919,577 461,826 170,000 73,649 243,649 1.9 1980 1,505,369 1,101,264 404,105 217,308 67,302 284,610 1.4 * Eighteen month period ended June 30, 1975. -57- MICROE1L62D OY j JORM MICROLA6 CEDAR RAPIDS • DES !d01`!ES 0 1 J r ■_ ', CITY OF IOWA CITY, IOWA SUMMARY OF BONDED INDEBTEDNESS DEBT SERVICE REQUIREMENTS TO MATURITY (INCLUDING INTEREST) June 30, 1980 Year Ended June 30 General Obligation Revenue Total 1981 $ 1,506,415 $ 672,617 $ 2,179,032 1982 1,845,145 669,024 2,514,169 1983 1-662,300 761,757 2,424,057 2,242,476 1984 1,504,700 737,776 710,046 2,262,296 1985 1986 1,552,250 1,422,225 728,548 2,150,773 w 1987 1,368,800 647,441 2,016,241 1988 1,314,400 756,713 690,045 2,071,113 1,949,745 1989 1990 1,259,700 579,500 720,860 1,300,360 1991 553,000 638,065 1,191,065 1992 526,500 689,522 1,216,022 595,463 1993 - - 595,463 557,559 r 557,559 1994 1995 - 554,452 554,452 _ 1996 - 450,090 450,090 1997 - 452,865 452,865 1998 - 449,503 449,503 1999 - 450,002 450,002 2000 - 453,705 453,705 _ 2001 - 455•,423 455,423 2002 - 455,369 455,369 _ 2003 - 453,537 453,537 2004 -454 650 454 850 Total 515,094,935 SL ,205,232 $29,300:167 - 58- MICROFILMED BY I JORM MIC RbLAB 1 CEDAR RAPIDS DES tg01YCS mi CITY OF IOWA CITY, IOWA MISCELLANEOUS STATISTICAL DATA Date of Incorporation Form of government Area Building permits - FY80: Permits issued Estimated cost Fire protection: Number of stations Number of employees Police protection: Number of stations Number of employees Recreation: Number of parks Mini parks Number of acres Number of swimming pools Cemetery Employees as of June 30, 1980 Population: 1900 1910 1920 1930 1940 1950 1960 1970 1980 -59- April 6, 1853 Manager/council 13,846 acres 609 $30,941,819 3 50 1 59 27 1 494.8 3 1 382 permanent 36 part-time 7,987 10,091 11,267 15,340 17,182 27,212 33,443 46,850 50,508 19x7 611CROCILMED BY JORM MIC R6LAB 1 CEDAR RAPIDS DES Ig0IYC5 I i 1 ' -..SAL , r CITY OF IOWA CITY, IOWA MISCELLANEOUS STATISTICAL DATA Major employers: University of Iowa 13,320 Veterans Hospital 986 Iowa City Community School District 946 Sheller Globe 946 w American College Testing 714 697 Owens Brush 566 Proctor and Gamble 424 City of Iowa City 418 Westinghouse Learning Center 400 Moore Business Forms 269 Ten largest taxpayers: 1978-79 Taxes Payable 1979-80 Total Taxes Paid Iowa -Illinois Gas 6 Electric Co. $ 716,493.47 Proctor and Gamble 230,855.23 Owens Brush 147,072.06 - Northwestern Bell Telephone Co. 146,479.48 H. J. Heinz Co. 144,349.84 Westinghouse Learning Seville 137,554.15 S. Poet Office 131,854.36 Ma 116,787.66 Mark N e. 114,365.86 Moore Business Forme 111,819.48 Lakeside Apts. 104,921.66 To I. M. 101 301.18 Total $2,203!854.43 Percentage of total City actual 35.2% Elections: Last general election - 1978: Registered voters 51,773 Number of votes cast 23,516 Percentage voting 45.4% Last municipal election - 1979: Registered voters 35,410 — Number of votes cast 10,800 Percentage voting 30.5% 60 9'X7 ti MICROFILMED BY 1 JORM MIC R<i1L AB 1 ( CEDAR R-11,105 DES MOINES i 1 J9 1 r I I r CITY OF IOWA CITY SCHEDULE OF INSURANCE IN FORCE Insurance Company Type of Coverage — Liability: Iowa Kemper Insurance Co. Auto - liability and physical damage Northwestern National Insurance Co. Transit - liability and physical damage Empire Fire and Marine Insurance Co. Comprehensive general liability Empire Fire and Marine Insurance Co. Excess coverage over and above auto, transit, comprehensive general, public _ official, police professional Vanguard Underwriters Insurance Co. Public official liability Vanguard Underwriters Insurance Co. Police professional liability ' Puritan Insurance Company Airport liability j Property: Iowa Kemper Insurance Co. Real and personal property, city buildings Iowa Kemper Insurance Co. Real property, airport buildings j Iowa Kemper Insurance Co. Non -licensed vehicular equipment •-- Boilers and machinery: Hartford Steam Boiler Insp. and Boilers, city buildings Insurance Company Fidelity bonds: Aid Insurance Co. (Mutual) Public employee blanket bond �A U.S. Fidelity and Guaranty Co. Airport commissioners (4) Transamerica Insurance Co. Airport commissioners (1) Employee benefits: Manufacturers Life Insurance Co. Group life Iowa National Mutual Insurance Co. Workers' compensation Blue Cross/Blue Shield of Iowa Group health - 61 - /9,21 - 111CRorIL14E0 BY JORM MICF16LAG _J 1 L1CEDAR RAPIDS • DES t101NES i 1 ki L i :I !If Limits Of Coverage Term Of Annual Policy Premium Bodily injury - $100,000/person; $300,000/occurrence \ Property damage - $100,000/occurrence 09/79-80 $ 28,066 1 $100,000/person; $300,000/accident 06/79-80 44,464 $450,000/occurrence; $1,800,000/annual aggregate 04/80-81 $5,000,000/occurrence; $5,000,000/annual a 31,500 ggregate 05/80-04/81 47,798 $1,000,000/occurrence; $1,000,000/annual aggregate 02/80-81 $5,000,000/occurrence; $1,000,000 annual a 6,537 w, ggregate 08-79-80 12,736 $1,000,000/occurrence 04/80-81 1,200 $21,956,000 (value) $307,000 (value) 01/80-81 38,779 $662,000 (value) 01/80-81 3,179 + 09/80-81 3,904 $1,000,000/accident 03/80-81 1,120 i, $2,500/position; additional $7,500/city treasurer; 01/80-81 $2,500/city manager 534 $1,000/person Various 72 j $1,000/person 03/78-84 16 Based on employee's annual salary 01/80-81 15,415 N/A N/A 54,713 Basic medical and hospital services, major 12/79-80 Medical up to $50,000/person 335,897 / - 62 - ! MICWILam By ! - JORM MICR4�LAB .J + J CEDAR RANDS DES MOVIES 19 L • Lr0i i Lean JORM MICROLAB Ci i)"If, '4f IDS • F)4, 'dnl•I�� J /9a-,) I -� r. �k _.l 41.<...INi�IJ 1 Mw...�..._rr .... .... ..��s �. .'..�.._. ..... ._ ._ ...... i.. , -...i..1. � .�_ ..�.. .s.:......r n... ...1 i..._t /9a-,) I -� r City of Iowan City MEMORANDUM Date: November 4, 1982 To: City Council and City Manager (� \ From: Rosemary Vitosh, Director of Finance v Re: Additional Parking for the Christmas Shopping Season As the attached graphs show, the average daily revenue in each ramp has shown a steady increasing trend over the past two years. Both ramps are now showing occupancy levels similar to those experienced during the November -December Christimas shopping season last year. Therefore, it is probable that the ramps will be operating at full capacity this Christmas shopping season. In order to provide additional parking in the Central Business District, we recommend that the old municipal lot be opened as an attendant lot from November 22 -December 23. One of the cashier's booths used previously in that lot is available to temporarily reinstall in the lot. Temporary• employees would be hired as cashiers for the month that the lot is open. The lot would be open from 7:30 AM -10:00 PM and would provide approxi- mately 150 additional parking spaces. Cost projections show that the revenue from the lot should be sufficient to break even. Many downtown merchants have asked that the lot be opened as they feel that there could be a shortage of parking during the Christmas shopping season. In addition, we have limited the ramp monthly permits to renewals only; no new permits are being sold. At the end of October we had 82 permits in the Capitol Street Ramp and 41 permits in the Dubuque Street Ramp. The ramps were built to provide parking for short-term parkers. When the short-term parking demand was not large enough to fully utilize the ramps, the City decided to temporarily sell monthly permits to long-term parkers. Now that the short-term parking demand has increased, it may be necessary, in the near future, for the City to re-evaluate whether we should continue to sell long-term permits in the ramps. It will probably never be possible to supply enough parking for that one month of heavy Christmas shopping. However, the elimination of the permits would provide another 123 spaces in the ramps. Unless we hear otherwise, we will proceed to set up the lot for opening on November 22. tp4/3 L` nlCRorILnED BY JORM MICR6LA6 CEDAR RAPIDS • DCS 1-101. 19as 7 J uoa floe floe 15vo live 1900 1m0 flog 1000 000 100 !00 a Ivo w sv1 log leg Jog 100 0 1 JAI 11 He 11 We 11 Art IF WY /1 JOYf 11 J01Y 11 AM 11 SV1 n 1a1 n wv u n n •- _- ••- -- ![GlM3W DAY Of Yf[A I I,, 1 10.ILROEILMED BY -� 1 -CORM MICRf�LAB- 1 1� CEDAR RAPIDS •DES MOINES I I LL fr nn -D` �Y C4 J 11ICROFILRED BY I S I "JORM MICR#LA13 \If CEDAR RAPIDS DES MOINES t� I I CAPITOL STREET RAMP uoo uoo 1e99 Iso9 IF 1100 to to in, 1100 IN It00 1100 m 10,19 r' 900 6 100 700 � IJO y� a 100 190 100 100 • I. 0 II,N S L 16,L H a„ S.n na„ a e. S.R. p. R. I. � r AA !.K A. !. N. .A I.A.§„e, !.A.ff_D 9 }.. }..9.. A . F !.. # /1M! 1! JUIr It Ate It stn 1: . .R.T.9I . we 11 era 11 WY 11 JIWt 11 July 11 AIG a slit 11 Orr 11 kW tl Vlf O lee 1! Ile IS Y:.! 1! AM I! wr I! 1Aa 11 rte 11 etclwllw a! or srcta J 11ICROFILRED BY I S I "JORM MICR#LA13 \If CEDAR RAPIDS DES MOINES t� I I r Date: To: From: Re: �lCl� 9 la c'A f T City of Iowa City MEMORANDUM November 3, 1982 City Manager and Members of the City Council 9�2IL ' Michael Kucharzak, Director of Housing & Inspection Service Permit Fees for Sound Emitting Equipment and Sound Variances The proposed fees for sound equipment permits were arrived at by assessing the amount of staff time that would be involved in "policing" the permits and the public benefit of granting such permit. Since the noise ordinance is designed to ensure quiet in residential neighborhoods and in certain noise sensitive areas of the city, the proposed fees are designed to ensure that the ordinance intent is met while trying to limit the hardships for events that are truly of a public nature, such as those held in parks or schoolgrounds. The fee structure is further intended to discourage permits for amplified sound from "sound tracks" or from the more commercial type public events. The fee for sound variances was determined utilizing the same philosophy and reflects the amount of staff time required in issuing the sound variance. The exemption of government agencies from sound equipment permits reflects the standard City policy to exempt other governmental agencies and City functions from the fees of permits. Since the sound variance and sound equipment permitting procedures are different than any of the licenses and permits issued by the City, very little in the way of comparable data is available. Should the Council feel other fees are more appropriate, the staff would appreciate knowing the fees acceptable to the City Council so that the necessary forms and documents can be printedrp for to passage of the resolution setting the fees in effect. bdw/sp 011 111CRoEILMED 05 J JORM MIC ROLA13 J 1 I CEDAR RAPIDS • DES MOINES a ■ r RESOLUTION NO. RESOLUTION ESTABLISHING FEES FOR SOUND EQUIPMENT PERMITS AND FOR -SOUND VARIANCES. WHEREAS, the City Council of Iowa City, Iowa, did on June 30, 1982, adopt ordinance No. 82-3068 which governs noise pollution within the City; and WHEREAS, Section 24.4-6 of said ordinance provides for the City Clerk to issue sound equipment permits for events open to the public; and WHEREAS, Section 24.4-6(c) of said ordinance requires that fees for said permits be established by resolutions of City Council; and WHEREAS, Section 24.4-12 of said ordinance provides for the filing of an application for a sound variance with the City Clerk; and WHEREAS, Section 24.4-12(b) of said ordinance requires that fees for sound variances be established by resolution of City Council. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA, that the following fee schedule is established for sound equipment permits and for filing for a sound variance: Type A'permit - Fee $25.00 Type B permit - Fee $50.00 Type C permit - Fee $10.00 Type D permit - Fee $10.00 Application for Sound Variance - Fee $25.00 Government agencies are exempt from the sound equipment permit fees required herein. It was moved by and seconded by the Resolution be adopted, and upon ro call there were: AYES: NAYS: ABSENT: Balmer _ Dickson Erdahl Lynch McDonald _ Neuhauser Perret Passed and approved this day of 1982. MAYOR ATTEST: CITY CLERK Id ICROf DIED BY JORM MIC R6LA6 � t CEDAR RAPIDS DES MOINES ' i i l9ay 1 r L City of Iowa City MEMORANDUM Date: November 3, 1982 To: City Manager, Members of the City Council, Housing Commission, Congregate Housing Task Force and Committee on Community Needs From: Michael E. Kucharzak, Director, Housing & Inspection Services Re: Past, Present and Future Progress of Iowa City's Congregate Housing Program This is a status report presentation to Iowa City's elected officials, staff personnel and advisory board members regarding the development and progression of a planned program for Iowa City designed to explore and meet the needs of our elderly population in the areas of specially - designed congregate housing and supportive services. The term "congregate housing" has just recently been introduced to the American public, and hence, as with any new term, an amount of ambiguity in meaning is associated. Basically, the provision of congregate housing and associated support services are designed to aid those who are charged with or concerned about maintaining and improving the.quality of life of our elder population. This is accomplished by carefully exploring, planning, and creating specially designed housing and key supportive services which will greatly enhance the chances of elderly persons to maintain an independent or semi-independent lifestyle in a safe, dignified and fulfilling manner, and thus, prevent premature and/or needless formal institutionalization. The concept of congregate housing is now being disseminated nationally (see the issue of Newsweek, November 1, 1982) and appears to be heading towards the elderly housing preferance of the 1980's. CONGREGATE HOUSING WORKSHOP Iowa City has had a head start on most communities regarding the development of a congregate housing program with the advent of a Congregate Housing Workshop held on September 23, 1981. However, much work has yet to be done. The decision to convene a workshop on congregate housing was first introduced by the Housing Commission in 1978, and funds were budgeted through the Housing and Inspection Services Department for program year 1979. Unfortunately, in 1979 the Iowa State Legislature rewrote and passed the State Housing Law and mandated cities such as Iowa City to redesign code and inspection policies. This task left little time to explore and develop "new" ideas. However, at the urging of the staff, congregate housing was again introduced in 1980 and with the aid of funds set aside by the City Council, the September 1981 workshop was arranged. This workshop was designed to provide the Housing Commission with relevant, up-to-date information on which recommendations could be made to the City Council. Conferees included representatives from social service agencies; local, state and federal governments; and local professionals in the fields of finance, architecture and real estate as•well as University students and faculty. In all, 62 conferees attended and participated in the workshop including members of the City Council. This workshop provided the MICROFILMED D5 JORM MICROLA6 ! CEDAR RAPIDS • DES MOINES 1930 1 J Cf stimulus for the Housing Commission to continue their efforts regarding congregate housing, however, changing their focus from concepts and models to exploring the possibility of a local program and all it entails. CONGREGATE HOUSING TASK FORCE A result of this change of focus was the creation of a Congregate Housing Task Force by the Housing Commission. The task force was composed of three housing commission members and four local professionals selected from a list of applicants solicited from the workshop participants. The congregate housing task force held its first meeting in December, 1981 and continued regular meetings throughout the first quarter of program year 1982. Discussions centered around Iowa City's options concerning financial planning, site location and design, sponsorship and management, and support services. In addition, the Task Force introduced the idea of conducting a local needs survey designed to identify the extent of the demand for congregate housing in Johnson County. This study would also provide much needed input as to the characteristics of our elderly population. In July 1982, with $4,000 of CDBG funds approved by the City Council, a staff person was hired to conduct a housing and supportive service needs survey. With the time and energies of a highly qualified full-time staff person, and a growing awareness on the part of the local community as to the importance of congregate housing/support services, Iowa City's congregate housing program has realized considerable progress. CURRENT PROGRAM YEAR ACCOMPLISHMENTS Specifically, a comprehensive questionnaire was developed and mailed to 600 randomly selected elderly citizens of Johnson County: Although the questionnaire was lengthy and contained numerous deeply personal questions, it was hoped that a 50% response rate would be received. This response rate would statistically translate into a random error figure of roughly t6% when generalizing from the samples' responses to the target population of 5,443 Johnson County elderly residents. The questionnaire was compiled with the aid of prominent national studies as well as input from local professionals in the fields of medical health, mental health, housing, social work, housing assistance, elderly services, survey research and statistical analysis. The final product contained 14 pages and was made up of eight dimensions: 1. Demographic Characteristics; 2. Physical Health; 3. Mental Health; 4. Economic Resources; 5. Social Resources; 6. Activities of Daily Living; 7. Knowledge and Utilization of Existing Services; and 8. Willingness to Participate in a Congregate Lifestyle. As the dimensions suggest, the resulting questionnaire became a multi- purpose tool designed to answer questions far beyond the scope of the original intent -- that of documenting need. �93a MICRONLMED BY JORM MIC REILAB ' I CEDAR RAPIDS DES MOVIES L� 3 The questionnaire was mailed out on August 3, 1982, and by the end of August, 295 responses were received of which 284 were suitable for analysis purposes. This response rate corresponded to a 47.3% rate of return with a random error of t6% -- quite acceptable for the purpose of this study. Statistical analysis was procured with the aid of the University of Iowa's IBM 370 computer and an established "software package" for the social sciences. In addition, consulting services were obtained from the University's Political Science Research Laboratory to aid in coding, programming and to ensure proper statistical methodologies. The result of the analysis has proved to be more valuable than originally envisioned. Already, results are being used by various state and local elderly services agencies, and independent University departments and agencies are requesting the data file to further study the results. Indeed, it is hoped that further analysis of the data will be conducted by independent bodies such as various schools/departments of the University of Iowa, since analyzing the amount of information collected is well beyond the capacity of current staff. For the purposes of this study, 233 frequency distributions and 53 cross - tabulations were compiled. In addition to the questionnaire formulation and statistical analysis, a comprehensive report is being prepared as part of the fiscal year 1983 $4,000 grant. This report covers the procedures, methodologies, data gathering, statistical analysis, statistical interpretations and recommendations suggested by the analysis. Currently, the report is three-fourths completed and is scheduled to be published in early December. SURVEY HIGHLIGHTS Though the final product is not quite complete, the study has progressed to the point where some general highlights and recommendations may be offered. Specifically, 1. 9.5% of the population or 539 would move into congregate housing in 6-12 months. 2. 51.4% or 2,798 would consider congregate housing as a realistic alternative to their present living arrangement. 3. 44% or 2,395 would be willing to sell their homes to live in congregate housing. 4. 33.8% or 1,840 would prefer a congregate housing complex in downtown Iowa City. 5. 32.7% or 1,780 would prefer a congregate housing complex in a residential neighborhood of Iowa City. 6. 40.8% or 2,221 would prefer a retirement residence (that is, a large, community apartment complex with independent living quarters as well as common living spaces). 141CRDE1LMED BY JORM MICROLAB ' � CEDAR RAPIDS DES h101Y[S i i I q3a 1 In addition to obtaining these statistics, further analysis was conducted relating to those who indicated that they would move into congregate housing in six to twelve months if it were available. From this analysis, seven general conclusions can be drawn: 1. they are homeowners; 2. they live alone; 3. they comprise low to moderate income groups; 4. they are relatively healthy, that is, "well -elderly"; 5. they would prefer a retirement residence; 6. they would prefer a downtown Iowa City location; and 7. they would be willing to sell their homes in order to move into congregate housing. In all of the above instances, a population of 200 to 500 is present. This would suggest a definite market for congregate housing as well as definite characteristics of a facility. This information, along with other data obtained has helped to better project procedures and goals for fiscal year 1984 and beyond. PROJECTIONS FOR CALENDAR YEAR 1983 Iowa City's congregate housing program is now in a position to begin the implementation process. Through the efforts of Staff, the Task Force and the Housing Commission, calendar year 1983 will focus on specific site considerations, design features, financial planning, sponsorship and management. This will entail working closely with local professionals in the fields of finance, architecture and real estate. If any further studies are conducted, they will be site specific, that is, with a certain building site and type in mind. The City's role in a congreate housing program has been envisioned not as an owner and operator, but rather, as a catalyst to foster interest, communication and action between the parties necessary for a successful program. We believe there has been tremendous progess made in calendar year 1982 towards this goal and look forward to continued successes in the future. In closing, since the advent of discussion concerning the congregate housing program for Iowa City began in 1978, progress has matured from general discussion of concepts and models to specific local research and analysis and finally, to specific efforts regarding the provision of congregate housing and support services. This has been a busy and successful year for congregate housing and community awareness is on the rise. It is hoped that interest on this subject will continue to grow throughout the community and that this interest will lead to action in the form of congregate housing and support services for Johnson County's eldery population. bj/sp 1936 / MICROFILMED 61' J JORM MICROLAB ! CEDAR RAPIDS • DES MOINES L� J mrd r I I I City of Iowa City MEMORANDUM Date: November 4, 1982 To: City Council From: ,,�.J_ Andrea Hauer Re: Economic Development Report for the Comprehensive Plan Update In response to your request for additional information on economic development in the Comprehensive Plan Update, an expansion of this section has been drafted. This economic development report will be inserted in the Update to be presented at the neighborhood meetings in November. The document is also meant to serve as a preliminary discussion of economic development policy and program for the City. This report contains four sections: New Industry; Employment; Incentives; and University of Iowa Relations. Policy recommendations are contained in the industry and employment sections. The University of Iowa Relations and Incentives sections represent a discussion of the issues that affect employment and new industry, and suggest directions of actions the City can take in an economic development program. It should be noted that this report and the Chamber of Commerce Economic Development Committee report are in agreement on many issues. Many of the Chamber's Committee recommendations are quite similar and there appears to be no major area of disagreement in the two reports. tp/sp J, MICWILnED BY JORM MICR46LAB j CEDAR RAPIDS DES MOINES i 1131 J r, C r L ECONOMIC DEVELOPMENT The Economic Development section of this Update is based on the Iowa City Comprehensive Plan (1978) and the Community Profile (1982). The Comprehensive Plan lists the following policies with regard to economic development: 1. Encourage commercial activity to take place in existing core areas or neighborhood commercial centers and discourage the proliferation of new major commercial areas. 2. Expand the non-residential tax base in Iowa City by seeking new industries and other major employers. 3. Where possible, locate commercial and industrial activities in such a way that energy resources are conserved. Findings Commercial and retail activity in Iowa City has been maintained and expanded within the four commercial areas identified in the Comprehensive Plan: 1. The Downtown 2. Lower Muscatine Road/First Avenue 3. U.S. 6/Keokuk Street 4. Intersection of U.S. 6/218 and Highway 1 The location of new commercial and retail establishments within existing areas is in accordance with the City's goal of maintaining existing shopping areas as compact and contiguous entities and of discouraging the creation of new major retail and commercial areas. One neighborhood commercial center (Hy-Vee/Drug Town on North Dodge Street) and several neighborhood convenience centers at various locations have been established. Retail taxable sales in Iowa City have increased from $212 million in 1978 to an estimated $270 million in 1981. This increase in sales can be attributed in part to the near -completion of downtown development. It is expected that Iowa City will continue to attract sales from outside the Iowa City/Johnson County area and become a strong regional retail center. The City has encouraged light industry, emphasizing University and medically related industies, to locate in Iowa City in order to expand its non-residential tax base. According to the most recently -available data (1980), Iowa City's primary source of property tax 'revenue is from residential properties (65%) with commercial and industrial. property accounting for another 30%. A comparison to Ames, Iowa (a similar sized university town) shows that Ames is slightly more dependent than Iowa City on residential property tax revenues (67%) with commercial and industrial property contributing 31%. This represents a turnaround from the 1978 tax base distribution which showed that Ames received 63% and Iowa City received 66% of its property tax revenues from residential properties. Other major Iowa cities show an average of 62% of tax revenues derived from residential properties and another 30% from commercial and industrial properties. Thus, Iowa City's dependence on residential properties IaICROFILMED or JORM MICROLAB CEDAR RAPIDS • DESMOINES 193 7 J r L to provide a large portion of the tax revenues is nearer to the norm than the exception in Iowa. Additional analysis of property tax information should be performed as part of an economic development program. By continuing to emphasize the location of commercial and retail areas in the previously mentioned commerical centers, the City has been able to target mass transit service toward the reduction of energy consumption. Ridership on the Iowa City Transit System has increased to 43.9 trips per capita in 1981 compared to 34.8 trips per capita in 1978. While the City does not provide mass transit service solely because of its energy conservation capabilities, it should be noted that mass transit represents a very visible and accessible method to the Public to save energy. Energy conservation is furthered also by the provision of an efficient traffic circulation system. Truck traffic generated by the various industrial and commercial centers will circulate more efficiently with . the completion of Scott Boulevard to Rochester Avenue on the east side, the construction al nk between dow townyand8on the Wethe south side commercial areas. t, and the oGilbert Street as Economic Development Policies There are four basic factors which should be addressed by the City in creating an economic development policy. These factors are: (1) employment; (2) new industry; (3) incentives to attract and retain develop With the University of Iowament; and (4) relations . The original policies contained in the Comprehen- sive Plan are incorporated and expanded upon withi t Emplo ment n hese basic areas. Policy: Iowa City should pursue the attraction of industries within the context of the specific characteristics of the Iowa City labor force. Discussion: Iowa City enjoys a low unemployment rate (from 2.7% to 4% in the January 1981 - September 1982 period compared to a state rate of 3.8% to 7%) coupled with an elastic labor market and skilled labor pool. The labor market is elastic because of the large number of students and seasonally employed persons such as farmers who work when jobs are available but do not consider themselves unemployed when they do not have a job. Thus, even with a low unemployment rate, Iowa City employers have been able to fill new job openings with a minimum of job advertising because of the large pool of potential workers. An undocumented but often mentioned issue is underemployment. Underemployment occurs when the workforce is overeducated and by inference, over -skilled, for the work available. In Iowa City, the average level of educational attainment is over 15 years for males and over 13 years for females, while a large number of the available jobs are for lesser skilled jobs in the retail and non- professional service sectors. Thus, the employment issues facing Iowa City are not the traditional concerns of unemployment and/or of an unskilled labor force but, rather, those of underemployment and a sufficient number of jobs for the part-time labor force. MICROFILMED BY JORM MICROLA9 CEDAR RAPIDS • DES MOINES X43 J r L Iowa City is dominated by one major employer, the University of Iowa and its medical complex, which employs over 17,000 full- and part-time workers (40% of the Iowa City labor force). The University, subject to external limitations such as job and wage freezes, is limited in its ability to expand employment opportunities on a large-scale basis. On the other hand, the private sector has been the source of 4;000 additional new jobs (a 25% increase) from 1976 to 1979. The total payroll for private sector employees increased by 50% in the same time period. The most active source of this job growth was from businesses employing under 100 people. The data shows that the smaller establishments are more likely to create new jobs than larger establishments. It would appear that the truism of it being easier to create 100 jobs from ten businesses than 100 jobs from one business has held. While the Iowa City/Johnson County area does not lag significantly behind other urban counties in terms of wages paid and family income, they are 5-10% lower than other urban counties and lower than the state of Iowa overall. Part of the reason for lower wage and income levels has been attributed to the high -number of females (almost 20,000) in the work force. The large number of clerical and other low-paying jobs in Iowa City are filled almost exclusively by females, and because of the absolute number of these jobs, the average income and wage level totals for the entire city are decreased. In attracting new industries to Iowa City, attention should be paid to the new industry's prevailing wage rate as well as to its "fit" with the City's existing labor force. The availability of a large part-time labor pool should be used as a tool by the City to attract companies who are looking for part-time workers. In addition, new industries, which require highly technical skills, could employ University graduates which would aid in retention of those highly educated workers who would like to remain in Iowa City but are unable to find jobs commensurate with their skills. Employment objectives that should be fulfilled by the City's economic develop- ment policy are: °Increase number of jobs, especially part-time *Diversification of the job base to allow for more highly skilled employment opportunities and to increase the number of employers °Better utilization of the labor pool and its skills. 411 CA0(IEI.IED 6r JORM MICRbLAB CEDAR RAPIDS • DES MOINES 1931 1 J r INDUSTRY Policy: Iowa City should pursue the attraction of industries that are compatible with existing industries within Iowa City and have growth potential. However, constraints in the forms of the ability to provide services and an adequate amount of land must be resolved. Discussion: An initial analysis of the manufacturing base of Iowa City shows that about 8% (3,000) of the people in Iowa City are employed in manufacturing while about 30% (12,000) are employed in service and retail sectors. (About 19,000 people or 50% of the workforce in Iowa City are employed by the public sector.) The three largest manufacturers in Iowa City employ about 1,900 people while the next five largest manufacturers employ a total of about 750 people. These figures show that Iowa City has a small manufacturing base more typical of a town of about 25,000 population than one of 50,000 population. The large number of people dependent upon the service and retail sectors for employment creates a potential problem. If the University of Iowa, as the major employer, was to decrease its employment, an immediate corresponding decline in the service and retail sector employment could be expected. This decline would have a significant impact on the City's economy. While the dependence on property tax revenues from residential property in Iowa City is not unusually high, expansion of the industrial and commercial property tax base will decrease the tax burden on residential properties. The City should concentrate its efforts on companies that manufacture products connected with research performed at the University of Iowa and its hospitals and clinics. However, a cautious policy regarding University -related industry is advised to avoid an inordinate dependence upon one employment source. Factors such as functional linkages to existing in -town manufacturers and companies, geographic location, community quality -of -life characteristics, labor pool availability and skills should be analyzed for other industries that might be attracted to Iowa City. Once a business is willing to look at Iowa City, the City must have an adequate amount of land suitable for the company's operation. At a minimum, this land should receive water and sewer services and, perhaps more importantly, be in the "right" location. To define the right location for a particular business is difficult; it involves a combination of the business's operating requirements and the more intangible sense of the site being compatible with the corporate identity. At present, the locational options for an incoming company are limited to southeast Iowa City industrial park (8DI), the Westinghouse -ACT office research park area by the Dodge Street/Interstate 80 Interchange, or areas zoned for manufacturing along the Iowa River south of Highway 6. Industrial development on much of this land is currently constrained by insufficient sewer capacity. At present within industrial use, 63% and 63% (66 acres) L Iowa City, 73% (758 acres) of the 1,037 acres zoned for (490 acres) of the 775 acres zoned for commercial purposes, of the 105 acres zoned for office research park use are MICROi ILMED BY JORM MICROLAB CEDAR RAPIDS • DES MOVES 1931 7 J r L developed. Several new large developments could utilize a large portion of the le fo remaining undeveloped land in these categories; additional land suitabr commercial, industrial, and office research park uses should be identified and appropriately zoned. It should be noted that the Comprehensive Plan indicated land north of Interstate 80 (west of Dubuque Street to the Iowa River) be annexed and zoned for office research park uses. Because of sewer provision constraints, this option cannot be considered at this time. To determine where the additional land for development purposes is located, the City must determine its capability to provide services (such as water and sewer). This capability should also be used in the determination of what sorts of industries are best suited to Iowa City. Provision of these services should consider a cost that reflects the long-term revenue reserve necessary for the maintenance and replacement of facilities as needed in addition to the actual operating costs. At present, land in southwest Iowa City by the Highway 218/Highway 1 interchange would appear to be suitable for manufacturing and office research park uses. Flexibility in the zoning of this land should be permitted. This flexibility should extend for combinations of uses such as warehousing with a minor retail function. Flexible zoning is a tool that can be used to show industries that the City is aware that changing business conditions create needs that often are not imagined when a zoning code is adopted. In addition to delineating new outlying areas suitable for industrial, commercial, and office research park development, the City should conduct an inventory of land within already developed areas that is available for development or redevelopment. Infill development often reduces the need for new infrastructure by utilizing existing structures or sites which are already adequately serviced and promotes compact and contiguous growth. The area directly south of the downtown bounded by Gilbert Street to the east, Kirkwood Avenue to the south, and Front Street to the west is a major area within Iowa City suitable for infill development. Industrial objectives that should be fulfilled by an economic development policy are: °Target industries which will shift the burden of employment from the retail/service sector to a more diversified industrial employment source. 'Target specific industries, manufacturers and companies compatible with Iowa City's existing resources and have the potential for additional growth. °Identification of additional land for industrial and office research park uses in locations that can be serviced and reflect a compact and contiguous location that will result in an energy efficient pattern. The zoning of this land should be flexible in nature, allowing for mixed uses that have traditionally not been combined. *Guide development to infill areas suitable for industrial, commercial, and office research park uses. 111CROFILr1ED 6Y JORM MICR4/LAO CEDAR RAPIDS • DES MOVIES 1431 1 J r L Through zoning, sufficient land and services can be provided for industry, commercial and office research park uses. Through the use of incentives and the City's relationship with the University of Iowa, a more aggressive targeting of suitable businesses for Iowa City can be pursued. Incentives A range of incentives can be used by the City in its economic development program. An incentive is used to attract, induceand leverage development. It usually takes the form of a financial 'subsidy which can range from an outright monetary grant to writing down land costs to the creation of a job training program. Two very different incentives which achieve the same end (e.g. 50 new jobs) can create very different sets of interim impacts. Because of the wide range of impacts different incentives can cause, the City should carefully consider the incentives it wishes to offer and analyze the incentives offered in terms of the costs and benefits to the City. Iowa City is promoting economic development to create positive growth (i.e. diversification of a tax base, better utilization of labor force skills) while controlling the negative impacts (i.e. incompatible land uses, inability to treat additional sewerage loads) of the growth. The incentives the City offers should address those specific economic development objectives. Incentives, can be offered through private organizations, joint public-private ventures and by local government. Again, the basic issue of the costs and benefits of the incentive whether offered solely by the City or through a joint venture needs to be known by the City before actively promoting it. When an incentive is offered, it should be available for use by all qualified appl'icants and be administered in a consistent fashion; some incentives are very discretionary in their application.and can lead to allegations of impropriety and unfairness if not administered uniformally. UNIVERSITY OF IOWA RELATIONSHIP The sheer size of the University of Iowa with a 1982 enrollment of over 28,000, a staff of over 17,000 full and part-time workers, and approximately 1400 acres (about 10% of the total acreage within Iowa City) means that the University of Iowa plays a major role in the City's economic development program. While an extreme dependence on the University to attract new industries is not advisable, the University can play a valuable and irreplaceable role providing assistance and information to industries considering an Iowa City location. A likely source of new companies is from within the University academic and professional staff working with individual companies in application of the staff's research findings. The City may be able to assist these new businesses through financial incentives and provision of services. The symbiotic relationship between the City and the University is a major asset and the strengthening of this relationship is very important for a successful community economic development program. The City is in competition with other university/city economic development efforts which are able to promote the same kind of relationship that Iowa City and the University of Iowa enjoy. In order to create unique circumstances that would cause an industry to locate here, the City and University must communicate MICROE1LnED B1' JORM MICR6LAB ' CEDAR RAPIDS • DES '.101}1E5 193/ 9 J r 7 Li t 7 and coordinate their actions. A joint City/University committee would be of great assistance toward this objective. One area a joint committee might want to investigate is the potential of creating an office research park on University property. Objectives that should be filled by the University of Iowa relationship policy are: °Identification of the mutual concerns and assistance that can be offered by the University of Iowa and the City °Exploration of the creation of an industrial/office research complex on University property. J,. nIDROEILMED BY I 1 JORM MICR46LA13 CEDAR RAPIDS DES tgOI NES I 1931 1 L r ECONOMIC DEVELOPMENT COMMITTEE REPORT INTRODUCTION It is the Economic Development Committee's view that moderate growth is both a desirable and realistic goal for our community. It is also recognized that the University of Iowa plays a major role in all facets of the community's life, including its economic life. We believe that, indeed, there will be a decline in enrollments at [Rost colleges and universities including the University of Iowa. This prospective decline is not likely to appear for a few years, but it does add a note of urgency for our community to organize, plan and work together to m4nimize its negative impact. The 1982 Economic Development Committee of the Iowa City Chamber of Commerce felt that greater organization and structure of their efforts would permit a more effective means of pursuing their goal. As a result; a statement of objective and a plan of action were developed. Part One sets these forth. Part Two is an attempt to organize the recommendations and conclusions generated by the subconvnittees. Part Three sets forth the organ!zation and participants. It is hoped that this plan can serve as a focal point for action by all those concerned with our community's future, and that it will serve as a starting point for a joint effort between the private sector, the local government sector ano The University of Iowa to work toward a healthy, pleasant„ ?r? e,:,noniically strong community. MICROFILMED BY 1 JORM MICR6LAG 1 i CEDAR RAPIDS •DCS MOINES I I 1939L J r M. -1 PART I., ECOtjOOM[C DEVELOPMENT PLAN A. Objective To maintain a moderate rate of growth in employment and income of types consistent with the character and quality of life desired by the community. B. The Plan 1. Develop Broad Based Conununity Support fo-r.Pursuing Growth. a. Identify the present situation and make the entire community aware of need for a more aggressive posture with respect to economic development. City council and staff, university leadership, news media and the community at large. b. Develop strong support for such a program in all- quarters. c. Develop close working relationships between city, university, and chamber. Demonstrate need and benefits of this. 2. Develop a Plan of Action. a. Identify specific comparative advantages of community. b. Make use of university faculty expertise where appropriate. c. Organize into four smaller groups to pursue specific areas. 1) Group I. To attract new industries. 2) Group II., To facilitate growth of existing industries. 3) Group III. To facilitate starts of new businesses. 4) Group IV. To facilitate community development into a regional center. d. Have a steering/oversight committee for coordination and overview. e. Obtain funding as needed to effect activities. 3. Act Upon Information and Recommendations. a. Blend study results into a written plan for development. b. Put sufficient people and financial support into pursuing the plan to assure its success. 1931 4 F1ICROC ILI4CD BY 1� JORM MIC R(i1LAB ) � I CEDAR RAPIDS DES Id01:JC5 1 r •4 PART II. RECOMMENDATIONS AND CONC JSIONS At New Industries. A. Identify those industries which would be our best prospects for being attracted to our community and then develop a strong marketing program that will focus on these industries. B. It is believed that we have comparative advantages for attracting new enterprises in university related areas such as the health sciences, engineering, computers, business, and education. Sub -areas and within these and other university related areas should be pursued to identify specific opportunities. Some which have been mentioned as likely prospects include: small electronic and computer devices for use as portable medical equipment; software packages for computer dependent medical applications; application of laser technology; vaccine development and testing; radio alert system for the elderly or disabled; educational i programs for cable or closed circuit network television; extensions of learning and performance measuring activities; development of agricultural medicine spin-off products; development of wellness and fitness programs for industry; development of new services for the long term care and rehabilitation of the elderly; and book publication and distribution. C. If our comparative advantage is in enterprises that are appropriate to an Office/Research Park type environment, and we suspect it is, then we should seek to foster the development of such a park or paks and encourage local r governments to see that the needed zoning, sewer, water and the like are available to support such activity. Indeed, if a building were to be built on speculation for a prospective tenant, perhaps it should be an office type building as opposed to an industrial type building. 111CRor ILI.1ED BY JORM MICFt6LA9 CEDAR RAPIDS • DES Id01NES / 9 3r' >5 - U. It is felt that a major comparative advantage of our community is its people. We have a work force of considerable variety and depth of talent for a community of our size. This supply of prospective employees tends to fall into five categories. These are: 1. The largest category is the somewhat typical pool of workers consisting primarily of high school and college graduates. It is also atypical because of the relatively high educational level of its members, which is attributable to a strong secondary school system and to the presence of the University of Iowa. In addition, this pool is larger than may be apparent because it routinely draws workers from nearby counties and because the area is still experiencing some underemployment in its rural and small town segments. 2. Another large group consists of the University of Iowa faculty and graduate students, which could be employed when their University responsibilities permit. 3. The third group is the pool of part. time workers, which consists primarily of undergraduate students who wish to work a limited amount while in school. In addition it includes some of our elderly, who would like to work on a limited basis. 4. A fourth source of employees is graduates of the University of Iowa. It is relatively comnon to hear former students express the view that they would have preferred to stay in the local area had they been able to find a position commensurate with their qualifications. 5. The fifth source is the frequently unrecognized group of highly educated but currently unemployed or underemployed individuals that are found around a major university. Examples are soouses of university employees, and individuals with advanced degrees who elect to stay in a university environment even if it means taking a vosition for which they are j� 111CROEILnED BY i� JORM MIC ROLAB i � CEDAR RAPIDS •DES rd0I3E5 I I a /43,L significantly overqualified. This group of people becomes most visible when a new enterprise locates here and advertises for employees. The large number of highly qualified applicants is a pleasant surprise to company officials not aware of this situation. E. It was suggested that we should draw on the expertise present at the University of Iowa to help us with economic development. In particular that: 1. An advisory committee on economic development be established which would include appropriate representatives from the University; and 2. That we investigate the establishing of a center for economic development within the College of Business Administration. Group II. Facilitate Growth of Existing Industry. A. It was felt that we have an excellent opportunity to attract additional business activities of existing local firms if their experience with our community has been positive. These new business activities might be the addition of new activities from elsewhere, or the expansion of a local industry's current operation. B: In order to assure that local firms are satisfied with their local situation, a vehicle for ongoing communications between these firms and the Chamber should be established. Perhaps an industrial committee of the Chamber should be formed. C. We need to assure not only that any local problems are addressed, but that we go further and attempt to make our community a desirable place for these LL firms to grow and prosper. D. It is felt that a strong positive experience by existing local firms is a powerful endorsement in attracting new enterprises. E. It was strongly felt that the cooperation of local governments in making our community a desirable place for industry is imperative if we are to achieve our economic growth objectives. 1932 141CRDEILMED BY JCRM MIC RlLAB i 1 � CEDAR RAPIDS - DES MOINES i I I a -.CAL _� . r GROUP III. Facilitate Start of New Business. A. We heed some readily identifiable local place or person as a contact point for individuals who are thinking about starting their own business. Perhaps the Chamber of Commerce or one of its committees. B. It would be quite beneficial if a few new companies and their successes were widely publicized and perceived as examples for others to follow. C. Form a small business planning council consisting of volunteers to help the aspiring business people. D. A good source of new businesses may be from within existing local employers, including the University of Iowa. E. The possibility of facilitating the development of new businesses based upon patents held by the University of Iowa Research Foundation should be explored. F. We should work with the University and see if it would be feasible to encourage the development of a research institute, such as Stanford Research Institute, Battelle Institute. GROUP IV. Facilitate Community Development into a Regional Center. A. It is felt that we already are a regional health service center, not only because of the large University Hospital, but because we also have Mercy Hospital as well as the Veterans Hospital. It was of interest for this group to learn that more than half of Mercy Hospital's patients are from outside Johnson County. We should continue to build upon our comparative advantage in the health services area. B. It is felt that with respect to University cultural and athletic events that we are a regional center and that the recently announced development of Iowa Hall would also be beneficial. 111CR0[ILMED BY I JORM MICR6LA13 � CEDAR RaPtDs - DES MDt:as i i _ l 1932. J 1 ��V I Y� l C. It is felt that we could also become a regional center in other ways as well. For example, a larger retail sector would help attract shoppers from a larger geographic area. The prospective development of another major department store would help in this respect. D. It was strongly felt that a Conference Center facility would enhance the community's ability to serve the region plus be of benefit locally. The possibility of using hotel/motel tax receipts to help in the development 1 of such a facility should be explored. E. It was suggested that the Chamber form a study group on the elderly to see how we might enhance this community to the elderly as a place to live. The elderly proportion of Iowa's population is large and will continue to grow. F. Continued support was evidenced for some group, perhaps the city staff and/or a university related group, to provide research and data input for the Economic Development Committee. G. It is felt that we need to promote and enhance the stays of visitors to the greater Iowa City area. In particular tourists and hospital related visitors deserve attention. Specific suggestions include: 1. Place placards in the hotels/motels asking visitors to dial their telephone for a recorded message on local events or asking them to turn / on a local cablevision channel which could have both a typed message about local events and a short video movie on things to do and places to go in the Iowa City area. 2. A visual information system in all three hospital waiting rooms would be desirable. It should promote greater Iowa City and provide information on local public transportation and parking lots. This could be printed or electronically presented. MIDROrILMED BY JORh7 MIC RdLAB 1 � CEDAR RAPIDS - DES I401YES fr 3. Have weekend promotional packages, including joint promotions of the University, the Amana Colonies, Hoover Library and Kalona. 4. Pursue attracting those group meetings to Iowa City for which we have a comparative advantage. 5. Someone on the Chamber staff should be spending considerable effort in this area. 6. The proposed downtown hotel is an important addition to the community and the Chamber should attempt to do what it can to assure its successful development. J MICROFILMED BY I. -JORM MICR6LA13 CEDAR RAPIDS DES MOINES I 193,1, I J, 4 The following item was noted in a recent Economic newsletter. * EXHIBIT I A hi -tech boom for the Midwest is coming, says a Hill report. It looks for a 33% increase.in the number of plants in five years, cites the quality of Midwest universities.a's a key location factor. Conclusions were drawn from a survey of nearly 700 hi -tech finns. One result, the report notes, is a slowdown in other areas. Thus hi -tech firms in CA's Silicon Valley & on Mass.'s Route 128 won't grow as fast, lose some of their industry share to others. Chief reason for the shift is labor availability and labor cost. Skilled labor pools in Mass. and Calif. are nearly drained. Engineers and scientists are imported, but that increases costs. Machinists, programmers, other technicians often are less mobile. The Midwest does.not outrank the Sunbelt or Mountain states in availability of skilled labor; fact is, regions are about even. But ,the Midwest's academic institutions are rated as far superior. For hi -tech, local academic resources are key for plant location. Means high quality academe could fuel a solid business boom for an area of the country long -depressed & in poor circumstances. * Research Institute Recommendations/July 9, 1982 IdICRDEILMED BY i l JORM MIC REILAB � CEDAR RAPIDS • DES MOINES I i / 93X J _..CAL fr �1. STEL5INC cc•r:rrrn.: ISarty I:e.l ly Dick $uuuuerwiII 193OZ I 1 I, 141CRONUIED BY JORM MICR6LAB - _4 c.� l 7Lr1 CEDAR RAPIDS r DES MOINES I Juhn Ilughes Ileil Derlin h1u•nian Ba i 1 ey Jennifer Curry i RFSFARCH STAFF I Y 1 Group 2 r-oup 3 Gr0U�4 ton Dave Johum en Ken Dolan KOO 4Jilson Ted ;acrd John Benz i:ar No�;htun I Joe Pugh Dick Sura:erwill John Fugnes ::ur. i:son John Krieger John Balmer Chub McComas Glen �f.0e-:r Ef kiss ColEr,an :ecri-ar CurryBill Farrell Tom Cilek Norman Ca11ay Bill Trease Harry 'WLIIFE Jay' se"'eI 193OZ I 1 I, 141CRONUIED BY JORM MICR6LAB - _4 c.� l 7Lr1 CEDAR RAPIDS r DES MOINES I r City of Iowa City MEMORANDUM Date: November 1, 1982 To: City Council rr From: Karin Franklin, Planner r i Re: Sturgis Corner Addition, Part 2 - Land Donation The purpose of this memo is to clarify the status of the land donation at Sturgis Corner. It appears that over the years certain details of agreements, both formal and informal, between the Bravermans and the City have been confused. The preliminary plat for the Sturgis Corner Addition Part 2 was approved in May of 1977. There is an explicit statement in the resolution of approval that the City "cannot require the dedication of the riverfront area. This statement was evidently inserted to insure that Mr. Braverman would be able to avail himself of an income tax deduction for a.charitable. contribution when the land was donated to the City: Tax laws do not allow such deductions if the "gift" is in fact required; thus, there could be no compulsion on the part of the City. It appears that Mr. Braverman agreed at the time that donation of a strip of land along the river was appropriate. With approval of the final plat in October of 1977, a prior agreement providing for installation of a walkway along the river by the developer was waived. No legal papers were drawn up regarding the donation of the riverfront land, since to do so would imply plat approval dependent upon a land donation thereby obviating the possibility of a tax deduction. During a phone conversation with Mr. Braverman last January, he reiterated his intentions of making a donation but stated that he did not intend to make that donation until the entire development was complete; a recent conversation'this month confirmed those intentions. bdw5/10 L. 11ICROFILMED BY JORM MICROE.AB CEDAR RAPIDS • DES M0171ES 1933 J fr City of Iowa City .MEMORANDUM Date: November 1, 1982 To: City Council From: Riverfront Commission - Bernadine Knight, Chair Re: Rocky Shore Drive Bikepath The Riverfront Commission is gratified to learn that the Council has indicated to the Committee on Community Needs that funding for the Rocky Shore Drive bikepath will be forthcoming from local funds. After many years of cooperative effort with various local groups, the Commission looks forward to the completion of this project in the near future. 'bdw1/3 j MICROrILMED BY 1 -DORM MIC ROLA13 CEDAR RAPIDS • DES MOINES i i I i a L fall J�� r City of Iowa City MEMORANDUM Date: October 13, 1982 To: City Council From: Riverfront Commission - Bernadine Knight, Chair Re: Letter to U.S. Army Corps of Engineers The attached letter reflects a concern on the part of the Riverfront Commission for a problem brought to our attention by a member of the Corps stationed at the reservoir. A number of property owners whose lands abut the reservoir have been clearing and mowing waterfront land which is part of the federal reserve. The result of this action is an appearance that the land is privately -owned and therefore not accessible to boaters and hikers. Another result of the clearing and mowing is the loss of vegetation around the reservoir and thereby the loss the natural systems and habitat. The Corps is making an effort at this time to reestablish the boundaries of the federal land and prevent the extent of mowing which has taken place, while allowing property owners access to permitted docks. This has become a political issue with property owners lobbying congressmen and the regional Corps office to influence the revision of Corps rules regarding mowing. It is consistent with the Riverfront Commission's goals "to protect and preserve the Iowa River..., through the proper maintenance of the river channel and flood plain, and to provide for public access to and enjoyment of the river and adjacent lands" to support the Corps efforts to ensure public access to these lands and to allow the regeneration of natural growth in the area. We have composed the attached letter for the Mayor's signature as an expression to the Corps of our concern. Although the reservoir is outside the corporate limits of the City, we feel that the Commission, with its county representation and its concern for the water quality and recreational needs of Iowa Citians, is an appropriate body to voice an opinion on this matter, through the Council, to the main Corps office. We hope that the Council will concur with this opinion and forward the attached letter to the Corps office in Rock Island. bj3/5 C P11CROFILMED BY JORM MICROLAB CEDAR RAPIDS • DCS MINES 1935 7 J rN �, r �, October 13, 1982 Colonel B. Slofer U.S. Army Corps of Engineers Rock Island District Clocktower Building Rock Island, Illinois 61201 Dear Colonel Slofer: The Council has received advice through the Iowa City Riverfront Commission that a problem exists with encroachment by private property owners on Corps land at the Coralville reservoir. A number of lakeside property owners have mowed to the water's edge, I projecting the impression to the public that land along the reservoir is privately rather than publicly owned. I ' i Although the Coralville reservoir is outside the corporate limits of Iowa City, the Riverfront Commission, which has representatives from Johnson County, is concerned with the constraints to public recreation and the damage done to natural systems resulting from these encroachment activities. The Council and the Commission support the Corps' efforts to re-establish the boundaries of the federal reserve in order to ensure public access to the reservoir and its environs. In addition, since the Iowa River is the major source of Iowa City's drinking water, we are supportive of any efforts which will provide around the reservoir a natural vegetative area to serve as a filter for runoff. 19 35� wtCROFILMED BY JORM MIC ROLAB ! � CEDAR RAPIDS DCS �d018E5 r' 1 I J It is our understanding that each property owner is allowed access to any permitted dock. We endorse that; however, we feel that the remainder of the land around the reservoir which is federally owned should remain open to the public, in appearance as well as under the law. Sincerely, Mary C. Neuhauser Mayor bj/sp 14 3S 141CROFILMED BY JORM MICR#LAB* CEDAR RAPIDS • DES MOINES f i i 1 r _ •, r. City of Iowa City MEMORANDUM Date: November 2, 1982 To: Neal Berlin, City Manager f� From: Chuck Schmadeke, Director of Public Works C J X4 Re: Site for Traffic Engineering Division and Street Division Equipment and Materials Storage The construction of the new transit facility will necessitate relocating Traffic Engineering Division and Street Division equipment and materials to another site. The area selected is directly south of the proposed new transit facility. The Street Division crews have begun hauling fill material to the new area to provide a level site for storage. Relocation should be complete by April 1, 1983. A drawing of the area is attached. tp5/2 nlcRoEILMED BY i JORM MICROLAB I CEDAR RAPIDS • DES M014ES I /q:3 J� I- - E 0 --------- Y micRorILRCD --------- micRorILMED BY JORm rAICR6LAM L I �{I CEDAR RAPIDS •DES MOINES I I F MICROFIL1410 BY ,J JORM MICR46LAB I j � CEDAR RAPIDS •DES MOINES i ` i f C3 Q MICROFIL1410 BY ,J JORM MICR46LAB I j � CEDAR RAPIDS •DES MOINES i ` i s 111LR0E1LMED DV j JORM MICR46LA � CEDAR RAPIDS •DES '4011V i MICROFILMED 01' 1 JORM MIC R46LAa 1 CEDAR RAPIDS DES MOVIES J� • JORM Mir-R46L % CEDAR RAPIDS • DES MOINES I C Vl� 0 10 0 0 I SAIV.O" 4`1 O 4� a M, 10 NON . 19-14Oz +ell I SAIV.O" 4`1 O 4� a M, 10 ---------------- �jd /Z -Sibp 4E PROPoSEO -SALr-t SA14. .4/ld 4 4.0 '40 4� + m1cRorIL141D BY JORM M CEDAR RAPIDS DES !10 I4E5 I +ell Ph944 7 ---------------- �jd /Z -Sibp 4E PROPoSEO -SALr-t SA14. .4/ld 4 4.0 '40 4� + m1cRorIL141D BY JORM M CEDAR RAPIDS DES !10 I4E5 I 0- micRorILMED BY JORM MICR6LJAB 314 CEDAR RAPIDS - DES M014ES �3 I •' I I �? CITY OF IOWA CITY, IOWA DEPARTMENT OF PUBLIC WORKS ENGINEERING DIVISION SITE PLAN FOR SERVICE BUILDING STORAGE YARD RELOCATION SCALE: V= 50' DRAWN BY: ,/ DATE: 9 - 3 - 82 APPROVED �Y: �' 1936 I" "JORM MICM"�LAB' -� � CEDAR RAPIDS •DES MDL"IES I i I I s Johnson C ^ inty Council of Governrr.' its 410 EVU7shU-gtonSt. law City, lana 4240 rr oO 0 Date: November 3, 1982 To: City Council From: Cheryl Mintle, Human Services Coordiantor Re: Iowa City, Johnson County United Way Joint Hearings - 1982 As you know, the last of the Joint Hearings will be held next week, Thursday, November 15, 1982, from 7-10 p.m. Board of Supervisors and Council members have indicated their desire for interaction with each other and United Way regarding these requests. This last hearing will provide for such an exchange and for completing a rating on each agency which may be helpful for later decision-making. We hope that those interested in such a discussion will attend the meeting on November 16. A listing of past funding and present requests by agencies from the City and the County is attached to this memo. As an update, you should know that Hospice, Inc. has withdrawn their application to the City of Iowa City for $2,787. They have received an $8,000 one-time foundation grant and therefore are secure for FY84. Whether they will need to request FY85 funds remains to be seen. Also, Johnson County Red'Cross has submitted the attached request for City and County funds for FY84. However, they have already had a United Way hearing at the Joint Hearings. If I do not hear to the contrary from either the City Council or the Board of Supervisors, we will not schedule another hearing at this time and will hope that the hearings closer to funding time will be sufficient for their request. There are some inconsistencies in their budget which Red Cross will amend before your final reviews. bdw3/9 Attachment mcwr ILMED BY JORM MIC R(1i L4B� � CEDAR RAPIDS - DES HO CIES I _ a 193 7 C� r Fairmeadows•Neigh. Ctr. -- 3,200 (Lakeside) TOTAL AID TO AGENCIES $120,413 $140,738 +15.2% $184,834 (1) Request made of liquor profit revenues, not Revenue Sharing. MICROFILMED BY JORM MIC RbLAB ) i � CEDAR RAPIDS DES MDIAES i i I 1 % Change 83-84 + 10.5 + 9.4 + 9.4 + 28.3 + 2.5 + 27.6 + 8.7 +100.0 + 88.6 N/A + 10.0 N/A +39.0% +33.2% 1137 rl L 1 CITY OF IOWA CITY HUMAN SERVICE AGENCY FUNDING FOR FY82 & 83 AND REQUESTS FOR FY84 Agency Funding % Change Request FY82 FY83 82-83 FY84 Big Brothers/Big Sisters $ 17,000 $ 18,100 + 6.4 $ 20,000 UAY 30,000 32,000 + 6.6 35,000 Crisis Center - Interv. 6,000 6,600 + 10.0 7,220 Crisis Center - Emerg. 3,090 7,130 +130.7 9,150 Willowcreek'Ctr. 5,800 6,900 + 18,9 7,070 ESA 24,700 23,500 + 9,8 30,000 Mayor's Youth Employment 21,000 23,000 + 15.0 25,000 HACAP Neigh. Ctr. -- (pending N/A 6,022 $3,011) Rape Victim Adv. 8,073 8,154 + 1.0 15,377 MECCA -- -- N/A 18,745 (1) DVP 4,750 7,500 + 57.8 8,250 Red Cross N/A 3,000 TOTAL ONGOING AID TO AGENCIES $120,413 $132,884 +10.3% $184,834 Contingency Fund -- 4,654 N/A to be determined Fairmeadows•Neigh. Ctr. -- 3,200 (Lakeside) TOTAL AID TO AGENCIES $120,413 $140,738 +15.2% $184,834 (1) Request made of liquor profit revenues, not Revenue Sharing. MICROFILMED BY JORM MIC RbLAB ) i � CEDAR RAPIDS DES MDIAES i i I 1 % Change 83-84 + 10.5 + 9.4 + 9.4 + 28.3 + 2.5 + 27.6 + 8.7 +100.0 + 88.6 N/A + 10.0 N/A +39.0% +33.2% 1137 rl L 1 F r CITY OF IOWA CITY a JOHNSON COUNTY AGENCY RAME:Johnson County Red Cross HUMAN SERVICE AGENCY BUDGET FORM Forms completed by:, 44o.Gelman FISCAL YEAR 1984 Approved by B196 7 ut or z nature on Hatpil OUUbt I bUMVAKT FY 82 FY 83 FY 84 ACTUAL PROJECTED BUDGET 1. NON-CASH ASSETS 8,350- 11,000. 12,500- 2. TOTAL OPERATING BUDGET (Total a + b) 29,788- 51,150- 63,600. a. Carryover Balance (cash) Income (cash) -NOMEb. 3. IN-KIND SUPPORT (Total a + b + d) 22,850. 33,530. 39,315. ...... . .. ...... . . a. Services/Volunteers .. . . . . . . . . . . .......... b. Material goods c. Space, utilities, etc. 0. loqlggg XMI d Other (specify: voice pager 'i �V.' 'x nor�x�x. xs' *s 4. TOTAL EXPENDITURES (Total a + b) 30,408. 51e227. 63,375• xvc'V's' a. Administration IN wo b. Program Total (List programs below) ";gl Disaster Services Services to Military Families & Vets. Safety Services Nursing and Health Services Blood Services 11150MM! flfr�R'0'10. EINAR Notes and comments: -I- ?ilcro"ILND 1,". JORM MICROLAS C [DAR RA111B - 1)[S %101'61 1 /537 I i I /937 JORM MICROLAB Cl DAR RAPIDS • Df.'. J r AGENCY: Johnson County Red Cross nl•TI, .1 -3- MICROFILMED 3- MICROCIL:ED 6Y JORM MIC R(i,LAB CEDAR RAPIDS DCS MOINES i FY 82 ACTUAL FY 83 PROJECTED FY 84 BUDGET 1. Salaries 13,510. 20,975. 27,000- 2. Payroll taxes 3,425• 2,293. 3,000. 3. Employee benefits 13• 1,300. 2,000. 4. Staff development 529• 1,000. 1,000. 5. Professional consultation (audit) 385• 425• 475• 6. Publications/Subscriptions 3,000. 3,500. 4,000. 7. Dues & Memberships 0 2,500. 5,000. 8. Rent 1,659. 1,700. 2,000. 9., Utilities 0 0 0 10. Telephone 1,124. 2,684. 3,000. 11. Office supplies & Postage 10145. 1,300. 1,500. 12. Equipment purchase & rental 0 3,000. 3,000. 13. Equipment/Office maintenance(repaira) 908. 1,500. 1,650. 14. Printing & publicity 173• 200. 300. 15. Local transportation 0 250. 300. 16. Insurance 0 0 0 17. Other (specify: Disaster Assistance 7,284 8,000. 8,500. 18. :SMFd•Y Assistance 500. 600. 650. 19. 20. 21. TOTAL EXPENSES (Show also on page 1, line 4) 33,655 51,227. 63,375• Notes and comments: -3- MICROFILMED 3- MICROCIL:ED 6Y JORM MIC R(i,LAB CEDAR RAPIDS DCS MOINES i -cull-rime equivaisn a I.0-1 U. d 6. .- --- -4- 4GENCY:Johnson County Red Cross FY 83 PROJECTED FY 84 BUDGET 15,000. 20,000. 8,268. 10,000. 9,000. 1,000. 1,500. 2,000. 900. 1,000. 30,000. 35,000- -300- 500- 500- 750- 400. 500- 2,000. 2,200. 330. 365• /q37 I1ICROEILMED BY JORM MIC ROLAB CEDAR RAPIDS DES IIOIYES i J C AGENCY: JOHNSON COUNTY AMER. RED GROSS Originally Completed by L. Baleen 04tas October 28, 1982 PROGRAM INFORMATION A This information will be provided by oath agency to be kept on fila by the Hunan SarviCm Coordinator. It will be the responsibility of the Hum n Services Coordinator, not the agency, to keep the informtion up to data. This will be done periodically throughout the year. I. AGENCY PURPOSE: To Provide a variety of safety, health and emergency services to the residents of Johnson County. 2. PROGRAMS & BRIEF OISCRIPTION: Safety arvicems teaching of tiros aid and CPH# muPPort to star safety pmgreat. Nursing and Health Servieess blood pnesur screenings babysitting and painting classes; first aid stations for public "an". Blood Sericeas blood collection and hnerwflsion acrening. Smices to Military Personnel, Their Families Is Veterans (SMF&V)t emergency loans to aned,forces Personnel and veterans, and assistance in reuniting families with sabers in the eared forces during times of family crisis# and aaeittsscs to ster- ane and their families in obtaining earned benefits. Diaster Serviceas I medlate and long -ten disaster assistance for victims of first, floods, ftarnadom and other natural and an -ads calamities, which include the pro- f. WKWOR 9ER14W.par, food, clothes, essential occupational, health and household time. Offices A00 a.m. to 400 p.m., Monday through Friday. Notal errgenty service available at all Lima with contact to relevant Red Cora peromel provided by an answering service with telephone list and votes pager numbers. A. AREAS SERVED: Johnson County and surrounding counties upon rqu *. Skilled Red Cross vemnuel an called upon to and do sere anywhere in the United States when major disasters occur. S. ELIGIBILITY CRITERIA: gone. 6. FEES: Cost recovery fees for First Aid and CPR course. All other sentces at nes chards to recipients. 7. LOCATION 6 ACCESSIBILITY: Office location - 120 N. Dubuque St., Iowa City, mon 201 (claeanoms man 208). Building has no elevator so accessibility to use nandiavved difficult. Parking is also a moble. S. COMMUNITY PROJECTS/COLLABORATION WITH OTHER AGENCIES: I) Blood urssure screening for school -aged children in collaboration wtth CAHHSA. it) Safety and health awannem counee for Iowa City school children in collaboration with the Iows City Coaunity School District, SIS) Hycertension screening for area residents in collaboration with the University of :ova, Callen of Nursing. iv) Increased CPR awarnees and training in collaboration with the Johnson County Committee for Citizen CPB (JCCCCPR). v) Increased emergency services to victim of fins in collaboration with the Johnson County Mutual Aid Society (a consortium of Johnson County fin dente.). vt) Emergency aid to transient vetenns in collaboration with the Crisis Center. 111CROf ILMED BY JORM MIC ROL AB � CEDAR RAPIDS •DCS .70 LUES 1837 r L AGENC'f:J01OSBON COUM I AIRRICAN FED CHM Original 'y coep • y: Oats: October 28. 1982 PROGIGN INFOIBMTION 8 Plane address the following areas: Do you have a waiting list or have you had to turn people away for lack of a5ility to serve Uh ? What, If any, measures do you feel can be taken to assist in resolving any problems this creates? Waiting Mete for CPR and First Aid mums. The ourohase of sore teaching equipment (CPR manikins, training films, projectore or video playback equipment) so that courees could be offered mere frequentlys that is, two coursee maid be offered at the deme time In different locations. 2. Please discuss your agency's fundraising efforts, if applicable. (I.e., increased efforts, ameunt of staff or board time devoted during past year, types of efforts engaged in, difficulties involved.) W are working W Increase support fres United Way, Iowa City and the County. We are also working toward an inCnased liaison with fraternities and sororities for fundraising, and an a eospnnenslve spacial wants plan coordinated by our Board's Finance Comsittea. Also, Board mesban not only donate monise but as active in solicitation of arms businnaes and service clubs. 1. Please discuss any trends in demand for specific services Provided y your agency, commting an Projected need and +way relevant problems regarding service delivery. If the Johnson County Comaittes for Citizen CPR (JCCCCPR), of which we are a sasbsr. is sucemeaful, the deeand for CF1h training in the gams will lneraa• substantially. The Red Cnss will aroarlence such of that increased demand for CPR training. Pore quivalnt Is needed to Rest the current u wall se this expected future demand. One can newer foresee when a major diameter will strike Johnson County and inenued service Ono the Red Cross will be necessary. Therefore, greater disaster preparedness a. (°gem ulvaent and training) is needed now. (E. g., radio, cable N, what way are your agency's services publicized] brochures. newspaper ads.) Presently, all of the above except for cable tv. 5. Please moment on any other prooless or factors relevant to your agency's program(s), funding or service delivery. Presently we an in the ironic position of providing numerous strong services to the ramsunity but recaivins only weak financial support from it. For a long time now the National American Red Cross has been providing substantial financial and costly service sums to the Chapter. In the present economic elisate, though, this situation cannot continue much longer. Therefore. Increased local support for our services is essential for them to be maintained at their present level. j. 111CRD(ILMED BY JORM MICROLAB CEDAR RAPIDS • DES MOINCS 193 7 1 J 'a L ited Way of Johnson County anning Division, 1982 AGENCY QUESTIONNAIRE IDENTIFICATION 1. Aaencv Johnson County Chapter, American Red Cross a. Address 120 North Dubuque Street, Iowa City, Iowa 52240 b. Phone (319) 337-2119 2. Name of Director Iary Belman 3. Name and title of person completing this form Iary Belman, Exec. Director A. MANAGEMENT 1. Do you have a Board of Directors? Yes a No a. If "No", to whom are you accountable? b. If "Yes", 1. Is it policymaking x or advisory ? 2. Is membership rotating? Yes x No 3. How are members selected? (method and criteria) Board membership, as a whole, should be representative of the terri— torial jurisdiction (Johnson County) of the chapter. Nominations are submitted to a nominating committee; probpeetive members are voted on at an annual meeting. 4. No. of members presently 20; bylaws call for 16 to 21. c. No..for quorum 50%.of members Was a quorum present for each meeting? Yes No x d. Maximum interval between meetings three months No. of meetings past 12 months six e. Do you provide United Way with Board minutes? Yes _ No x 1 ' wicaorur4Eo nr JORM MIC R4/L4B' CEDAR RAPIDS DES 1401"IES 1937 -2- 2. What are your criteria for hiring staff? (education, experience, etc.) Please specify. relevant abilities, experience and education 3. What is the current number of paid staff? a. Full-time professional staff one b. Part-time professional staff none C. Other full-time staff ncner d. Other part-time staff cne Mime secretary 4. Does each professional staff person have a written job description? Yes x No 5. Volunteer Staff a. Total hours contributed past 12 months 32043 (June 1/81 to May 31/82) b. Current number of active volunteers 223 6. Is the Agency Director's performance evaluated at least yearly?- Yes early?Yes x No a. By whom? Hoard of Directors b. In writing? Yes No x B. FINANCES 1. Is your Agency regularly audited? Yes x No a. At what intervals? yearly b. By Whom? Dee, Gosling & Company 2. Are there fees for any of your services? Yes x No a. If "Yes", under what circumstances? cost recovery tees for first aid and CPR classes b. Are they flat x or sliding _? Please explain. However, if someone is unable to pay the $4.00 for First Aid or the $3.50 for CPR, we Would provide the course free. 1137 141CROFILI-ED BY JORM MIC R6LA B- j I I LEDER RAPIDS - DES 1401YE5 1 C -3- 3. Does your Agency consult with United Way before conducting any outside fund-raising? Yes _ No _ a. If Yes, please list your efforts for the past 12 months. Not Applicable as we were not a United Way agency in 1982. We will confer when appropriate in the future. C. PROGRAM/SERVICES 1. How many persons in Johnson County did your Agency serve last year? a. Duplicated count ri SSURE CLINICS • 2,743 June 1/81 tc b. Unduplicated count FIRST AID - 879 CPR • 1,133 DISASTER • 68 May 31/82 --21 MISC. • 12 2. How many units of service for each program did your Agency provide to Johnson County residents last year? a. Please define your "unit of service" for each program.' 3. Do you have a waiting list? More than half the time less than CPR regularly and first aid sometimes have half _ no _ waiting lists. a. If you do, what is the usual number? 50 for cpr b. What are the reasons for it? Demand exceeds capacity to provide c. What is the average period on it? one month 4. What service or client follow-up measures do you use? not applicable 5. How are your program services monitored? Yes, by the Board of Directors 1937 111CROr ILnED BY CORM MIC R6LA9 1 I i j CEDAR RAPIDS DES MO ES i i r -4- 6. What will happen to your service population and its needs during As the population of Johnson County grows, so does the the next five years? service population of the Johnson County Red Cross. We assume that the nee ors a an ea r.n Orono m an se f -reliance especially in times of economic crisis. The need for disaster relief can never e precisely predicted eems always to be W1t11 us. a. What are your plans for this? To strengthen the services of the Red Cross as best we can given the resources we have available to us. We will attempt to gain greater support from the community through information and fund county and cit 7. Do you have licenses or certification for programs or personnel? Please describe. Certificatim is offered in our First Aid,_ CPR and Water Safety programs. 8. Are you accountable to any accrediting bodies? Yes x No a. If Yes, please list American National Red Cross 9. Do you consult with United Way prior to any program expansion? We were not a United Way Agency in 1982. Yes No x We will in the future use United Way as a resource for program expansion planning. D. COMMUNITY RELATIONS 1982 1. Do you identify your Agency as a United Way affiliate? Yes _ No x a. If "Yes", how do you do it? 2. How do you inform the public about your services? Public speaches, ragio and newspaper announcements and stories 3. How do you obtain input from persons and groups affected by your services? No systematic method is presently utilized. Some local surveys have been conducted for us by student groups, and the National Red Cross periodically conducts a survey sampling the United States as a whole. ' NICRDEILMED BY JORM MICROLAB 1 CEDAR RAPIDS DES MOINES /937 L 4. List complaints about your services of which you are aware. Some people on our cpr Waiting list would like to get into a class sooner. a. What measures would help alleviate these complaints? Greater financial resources for the purchase of more equipment and to free up time (away from funding problems) to be able to devote attention to matters such as this one. E. OTHER 1. What is the major problem facing your Agency, other than funding, and what are you doing about it? We need more volunteer help. With a staff of 1&j (full time equivalent) just keeping our present services going is more than a full-time job. We are doing what we can to improve the situation, not only frith respect to volunteers, but with 2. What could United Way do for your Agency that it is not doing now? United Way could help us recruit qualified volunteers. United Way could help us gain funding support from the county and city. 3. How could United Way improve its relationship to yolr Agency? What could your Agency do? The Red Cross will provide prompt and accurate answers to legitamate questions addressed to it by United Way. United Way can strive to become fully informed about.the services of the Red Cross, the crisis situation of its resources, and the inter -relationship of local Red Cross services to the services provided by the National Red Cross. 111CROEILMED DY JORM MICREILA6 CEDAR RAPIDS - DCS MOVIES. I 93 -7 J r _ 1, THE AGENCY FOR WHICH THESE FORMS ARE BEING COMPLETED DOES NOT DISCRIMINATE ON THE BASIS OF RACE, RELIGION, CREED, NATIONAL ORIGIN, COLOR, SEX, DISABILITY, MARITAL STATUS, OR AGE. This Agency's completed Questionnaire was reviewed by its Board of Directors (Date) 4$11 be reviewed by Hoard in July of 1902. (Author iz Agency Representative) 141CRorILMED By ' JORM MICR6LAB CEDAR RAPIDS •DES tdDIYES i I 1937 r 1 1 LF... nited Way of Johnson County Planning Division, 1982 ADMINISTRATIVE CHECK LIST Tax -Exempt Status Has your Agency been granted an exemption from Federal income tax under the provisions of Section 501(c)(3) of the Internal Revenue Code of 1954? Yes x No Accessibility Are your services accessible to the handicapped? Yes x No _ PLEASE ATTACH A COPY OF THE FOLLOWING DOCUMENTS ABSENT FROM UW FILES: Not on File A. Management 1. Current Agency By -Laws 2. List of current Board chairperson, members, and their term expiration dates 3. Minutes of Board meetings for the calendar year 4. Current Personnel Policy B. Finances 1. Charter as not-for-profit corporation from the Iowa Sec. of State 2. Internal Revenue Service Tax Exemption Letter 3. Copy of IRS Form 990 4. Audit by an independent CPA for the previous year (if available) C. Program/Services 1. Documentation of effort to monitor program services 2. Licenses or accreditation certificates D. Community Relations. 1. 'Current Agency brochures or documents for public, client or government use 113 MICROFILMED BY JORM MICROLAB CEDAR RAPIDS • DES A019ES I I J I r City of Iowa City MEMORANDUM Date: October 26, 1982 l� To: Neal Berlin, City Manager I J f / From: Larry McGonagle, Transit Manager Re: Bus Benches Dennis Knudson of Bench Billboard Advertising has contacted us concerning free bus benches for Iowa City. The following is a description of Mr. Knudson's proposal. 1. Bus benches will be provided free of charge. 2. Bench Billboards will recommend specific locations, but City will make the final decision. 3. Bench Billboards will attempt to have bench maintenance handled by a local group, possibly Boy Scouts. Boy Scouts maintain benches'in Cedar Falls, Marshalltown, Ottumwa and Evansdale. 4. Bench Billboards would assume liability for benches and hold the City harmless. 5. Benches would be located so not to restrict or interfere with the flow or view of traffic. 6. Bench Billboards will furnish and install five free benches, on which the City may determine the artwork. It may be a City emblem or motto. The City can determine the location of these benches (i.e., parks, residential areas, etc.). These benches will remain property of the City. Liability for these benches will be borne by Bench Billboards for the contract period. 7. Bench Billboards only advertises for reputable firms. They will not accept advertising from businesses dealing in pornographic material, cigarettes or alcohol. 8. Bench Billboards is prepared to offer payment of $15 per year, per location to the City. 9. Bench Billboards will install an initial number of benches (approximately 15-25). The remaining benches would be installed as advertising is sold. 10. Bench Billboards will provide local representatives to look after benches. 11. Bus benches are constructed of concrete base with wood seats and back. Benches weigh approximately 400 pounds. 111CROEILMED D1' JORM MICR<jLAB CEDAR RAPIDS • DES MOINES 1939 2 12. Bench Billboards will not install benches in front of competing companies. In return for installing benches in Iowa City, Bench Billboards Advertising requests the following: 1. A contract or permit to do business on or at at least 65 locations in Iowa City. 2. An understanding that police and other City employees will report any vandalism or necessary repairs to the local agent or Dennis Knudson. 3. If bus system or bus routes are disolved, Bench Billboards ' Advertising has the right to continue the customer's individual contract until expiration. Attached are pictures showing some of the Bench Billboards benches. bdw/sp Attachment 1438 1 � 1 MICROFILMED BY JCRM MIC R(SLAB J1 i CEDAR RAPIDS DES Ido It4ES i , JORM MIC ROI.AO kl c il Ron ur's Gas=; lizza ,m. ,; [r � JORM MIC ROLA© H1, 01.1. 1 'A W ale-MPWOI r L City of Iowa City MEMORANDUM DATE: November 5, 1982 TO: City Manager and Members of City Council FROM: Marian K. Karr, Deputy City Clerk t(�� RE: Municipal Clerks Institute The Mayor received a letter from Iowa State University notifying her of my completion of the three year Municipal Clerks Institute and suggested a report to Councilmembers might be of interest. The institute is conducted on the Iowa State University campus during July of each year. This is the seventh year for the institute, which is now the largest in the nation with one hundred clerks and finance officers attending each year. The purpose of the institute is to improve the total management abilities of city clerks and finance officers. Courses are conducted by members of the Iowa State University faculty and by individuals who are involved in city government administration. The curriculum is designed to assist clerks and finance officers with all aspects of their jobs. Topics covered include specific areas, such as issuing bonds and purchasing insurance, to information designed to improve communication and interpersonal relation skills. The entire institute consists of three one-week sessions. Each sessidn ran Monday thru Friday, starting at 8:00 a.m. and finishing at 5:30 p.m. The first year session dealt with communication skills, motivation, public administration, financial management systems, accounting principals, insur- ance planning, bonds (special assesment, revenue and G.O.), federal revenue sharing and management of grant funds. The session the second year switched to parliamentary procedures, filing and bookkeeping, writing goals and objectives, preparing an operating budget, capital improvements, opera- tional auditing, investments,and ethics for public employees. The third session focused on personnel issues, management techniques, legal responsi- bilities of the City, zoning, and city development. In addition to providing clerks with valuable information to assist in the performance of their duties, the successful completion of the entire institute also fulfills the educational requirements for certification by the International Institute of Municipal Clerks (IIMC). Bycompleting the three sessions of the institute, clerks receive 50 points toward certi- fication. This constitutes one-half of the 100 points needed for certifi- cation; the remaining points are gained through professional experience (i.e. 2 points per year for deputy or clerk status) and attendance at professional meetings. 11ICROFILMED BY JORM MICR(ILAB f CEDAR R4PIDS • DES MOINES I i 1939 �� J r 2 I feel the institute has been a benefit to both myself and the City. The institute afforded me the opportunity to meet other clerks from across the state, to receive updates on new laws, programs, and technology, and to obtain credit towards my certification. In closing I would like to note the reasonable cost of the institute. Lodging was provided in the dorms for five nights (Sunday thru Thursday) for $67.50, meal tickets were $40.25 for one week, and registration was $115. Total package $222.75. However, I am thankful that these sessions did not last longer than one week. It wasn't easy being a Hawkeye in Cyclone Country. i 1 MICROFILMED BY - DORM MICRbL AB 1 j CEDAR RAPIDS DES MOVIES I i _ J 173? M It J� r r I I CITY OF IOWA CITY, IOWA RESOURCES CONSERVATION COMMISSION NOTICE OF PUBLIC MEETING MONDAY, NOVEMBER 8, 1982 - 7:30 P.M CIVIC CENTER COUNCIL CHAMBERS TO Receive citizens comments on the Iowa City community's needs and problems regarding service and delivery of electricity and natural gas by the Iowa -Illinois Gas & Electric Company. Phone in comments (356-5017) during meeting and written comments are invited. For further information contact: Richard Webb; Iowa City Energy Coordinator (356-5044) 1-5 p.m. daily. j 111CROEILRED BY 1 JORM MIC R46L ABS J 1 ' CEDAR RAPIDS • DES MOINES r � 1 i r SOUTHGATE DEVELOPMENT 1902 Broadway Iowa Cky, Iowa 52240 13191337-0195 November 2, 1982 Mr. Neil Berlin, City Manager City of Iowa City Civic Center 410 E. Washington Iowa City, Iowa 52240 Dear Neil, We have been approached recently by a number of businesses interested in locating on property owned by Myles Development at the intersections of Highway 1 and 6 (Sturgis Corner). The stumbling block to future development of the area has been the issue of cost of financing at current market rates and in every case the potential business has shown an interest in the possibility of securing Industrial Revenue Bonds to finance the new development. The fact that the area is in obvious need of future development, and that Coralville has recently aggressively expanded those areas that qualify as urban revitalization along the same highway, we feel it is•time for the City of'Iowa City to review their current position on the issue of revitalization and in doing so consider the area in question for such designation. Sinceiel:y, M'. N. ••Braverman _ -_ President MB/sv 19 q, MICROFILMED BY j JORM MIC R6L AB 1 CEDAR RAPIDS DES 14014E5 i 1 r I I CITY OF IOWA CITY OVIC CENTER 410 E. WASHINGTON ST. IOWA C11Y. IOWA 52240 (319) 356-5000 U'riImo' L November 22, 1982 Mr. M. N. Braverman, President Southgate Development 1902 Broadway Iowa City, Iowa 52240 Re: Expansion of IRB -Eligible Area Dear Mace: The City -Council has received your letter of November 2, 1982 requesting the expansion of the Industrial Revenue Bond eligibility to include the Sturgis Corner Development area. The Council has indicated it wishes to review the issue of revitalization in the near future. The staff is in the process of preparing additional information for the City Council. Sincerely yo s, Neal G. Berlin i City Manager tp/sp / cc: City Clerk v 1 /9f/ , i MICROFILMED BY i CORM MICR fL-� L) � CEDAR RAPIDS • DES MOI1 NES r i 1 � i � r L Information & Referral ` "o of Johnson County Services 26 East Market Sl. Iowa City IA 52240 3191338.7823 DO YOU KNOW? The United Way Volunteer Service Bureau has a weekly "Volunteer Watch" column in the Iowa City Press -Citizen. The column appears each Monday and consists of requests submitted by Johnson County agencies. It provides the public with a regular source of volunteer opportunities and serves to alert the public to the services of local agencies. Since the first column appeared on August 23, volunteers have been recruited for several agencies, including: The Johnson County Chapter of the American Red Cross was able to implement a new Veteran's Benefits Program with two volunteers who were recruited through the Volunteer Watch column. Iowa City Free Medical Clinic was able to find additional skilled medical volunteers to staff their clinic. Elderly Services Agency found people to help with the recent cheese distribution and to participate in their Chores Program. Home�Delivered Meals was able to staff a new delivery route with volunteers recruited through this column. The Domestic Violence Project recruited several women for their staff training and as child advocates. Adult volunteers were recruited for both the Big Brothers/ Big Sisters Program and the Friends Program which is sponsored jointly by the Johnson County Association for Retarded Citizens and the Iowa City Recreation Department. The Volunteer Service Bureau maintains a card file of current needs and acts as a clearinghouse to match potential volunteers with agencies. Current volunteer opportunities range from caseworkers for the adult probation program to teaching an elderly person to play the piano, from interpreting for Vietnamese refugees to video taping children's story hour at the library. For further information, phone the at 338-7825, or stop by the United Way 26 East Market Street. i MICROEILMEU OY JORM MICROLAB CEDAR RAPIDS • DES MCI! Volunteer Service Bureau Office at Old Brick, I Q fad+ J r L L & lax. loan _f-Matfmi PO SOXI422 IOWA CITY Iq WA 52266 1]19103)-2505 10-26- 62 Attorney Patrick White Office of County Attorney Iowa City, Iowa 522ho Dear Attorney White: Thankyou for your letter suggesting I could now secure from the Board of Supervisors a copy of their policy regarding congregate meals. I have done this and feel that progress has been made in defining the policy according to the Older Americans' Act passed by Congress. Also it now is else rly stated in Johnson County who is eligible for congregate meals. You are to be commended for bringing this clearly before all concerned. The policy statement which was Liven to me appears to be incomplete. How are the providers of congregate meals planning to carry out this policy as set forth in the Older Americans' Act? Where are the guidelines I mentioned in m• letter to ycu, to the Board of '%nervisors, and to Mr. Berlin? I feel that there must be guidelines if the Droner persons are to be given preference as it is stated in the Older Americans' Act. Irby is everyone avoiding eligibility guidelines for congregate meals? Please name one service in Johnson County where there are no guidelines except for congregate meals? One cannot get cheese without applying and declaring income. One cannot get into law income housing without applying and permitting all assets and income being carefully investigated. Visiting nurses have a fee schedule based on income. Home- maker services require income declaration. I could go on at length, but I mentioned most cf these services in my first letter. They all have eligibility guidelines and I haven't noticed any reticence on the part of people about applying for such services, have you? Way back in the beginning of congregate meals, I recall an eligibility card file was mentioned, but the idea was dropped. It seems that Johnson County congregate meals is at the place now where preference cards need to be issued to people who show economic need or social need as having difficulty making out on their own because of advanced age, illness, or limited mobility, etc. Both rich and poor, sick and well, rush in at noon, especially on certain days, and those who feel that they prefer sitting at the table before the meal is ready, either have to jpmp to the head of the line, or if they don't make it, fall back at the end of the line. But by either way they usually have to stand for 20 minutes or more to hold th=1r plaees in line. Why can't preference people such as the frail, lame, etc. referred to in the Older Americans'Aat be given preference cards? The providers will need to spend time working on the waythey will carry this cut and whether persons will be required to furnish medical statements or not in addition to declaring their income range as is done for cheese. 141CRon LIIED BY JORM MICR6LA6 CEDAR RAPIDS • DES 1101AES 191/3 1 J r dD1ts. l'atna. 1. VVatfmi P.O. 90x 1422 IOWA CITY. IOWA 92244, 19191397.2eae The people who wrote this bill certainly didnet plan that all persons over 60, rich and poor, well and sick could rush in to eat a meal a day, did they? It seem that they defined that persons should be given preference and they defined their eligibility requirements as yon have so clearly indicated, Attorney White. Now it appears that it is up to the providers to see that this eligibility is carried out for the preference people. Iam also concerend about the fact that the Senior center issues numbers for persons 55 on adonation basOlder and ic eeto them that their Act states people mattbbercan be used 60 and older,for excepttforate spouses. I also wonder about hiring older people whenever it is possible to do so in the congregate meal program. I believe the persons writing the Older Americans' Act had this in mind. Sincerelyi i� Mrs. Lorna L. Mathes 141CRUILMED BY JORM MICROLAB 1 j CEDAR RAPIDS •DES MOINES. I 1943 FILED NO'! 11982 IN THE UNITED STATES DISTRICT COURT CLERK. U.S. DISTRICT COURT SOUTHERN DISTRICT OF IOWA SOUTHERN DISTRICT OF IOWA DAVENPORT DIVISION TERRIE BATES, on behalf of herself and her infant son, Plaintiff, • CIVIL NO. 81-128-0-2 V. THE CITY OF IOWA CITY, IOWA, • RULING AND PARTIAL a municipal corporation, • SUMMARY JUDGMENT at al., Defendants. The court has before it plaintiff's motion for partial summary judgment, and defendants' resistance. Plaintiff's Claims against the defendants arise from her submission of an application an October 29, 1981, for a section 8 Certificate of Participation through the Iowa City Housing Assistance Program, which operates pursuant to the United States Housing and Community Development Act of 1974 (the Act). Plaintiff alleges that after receiving no communication regarding action taken on her application she contacted defendant Seydel's office on November 5, 1981. She was allegedly informed by one of Seydel's employees that she was ineligible for the housing program because she had not yet reached majority status. Plaintiff 'claims that she was effectively denied eligibility solely because of her age and that this denial constitutes an unauthorized condition of eligibility in violation Of the purposes of the Act. The parties nave suomittea several documents supporting and resisting this motion. Fed. R. Civ. P. 56(c) -is controlling and provides in part: 'the judgment sought.shall be rendered forth- with if the pleadings, depositions, answers to interrogatories, and admissions on file, together with the affidavits, if any, show that there is no genuine issue as to any material fact and that the moving party is entitled to a judgment as a matter of law." i9 ay NICROFILNED 81' J j JORM MICR46LA13 CEDAR RAPIDS DCS i401NES 7 i rl � C, r D The United States Court of Appeals for the Eighth Circuit frequently cautions against improvident granting of summary judgments: It is an extreme and treacherous remedy, not to be entered unless the movant has established its right to a judgment with such clarity as to leave no room for controversy and unless the other party is not entitled to recover under any discernible ciicumstanees. Equal Employment Cpportuni ty Marn., V. Libert Loan Cor , 857 (8th Cir. wrlg t 6 Miller, Federal Practice and Procedure S 2725, at 502-03. Vette Co. V. The Aetna Cas.•i Sur. Co., 612 F.2d 1076, 1077 (8th Cir. 1980). The basic question raised by a motion for summary judg- ment is whether there is a genuine dispute as to some material fact. In Adickes v. S.H. Kresge i Co., 298 U.S. 144, 153-61 (1970), the Supreme Court stated that 'in passing upon a motion for summary judgment the court is required to view the facts in the light most favorable to the party opposing the motion and to give to L1aL pabtp Lbe benwfiL cf tcaao.mLid LnZuLe+,uua to Da drawl from underlying facts." Unless the pleadings and supporting docu- ments disclose beyond any doubt the absence of a genuine issue of fact, summary judgment should not be entered. Evans v. McDonnell Aircraft Corp., 395 F.2d 359, 362 (8th Cir. 1968). The following facts are undisputed. Defendant Lyle Seydel is the Housing Coordinator for the City of Iowa City and is responsible for the final determination of eligibility for leased housing assistance. After plaintiff filed her application for leased housing assistance, she was informed by Ms. Donna Hillis, pursuant to defendant Seydel's instructions, that the plaintiff was ineligible for the program because she had not yet reached majority age. Defendant Seydel has not yet signed that part of the application that indicates a grant or denial of assistance. He stated he was waiting to do so until discussion ended between plaintiff's attorney and the city attorney. -2- 111CROFILMED By ' JORM MICROLA13 J i CEDAR RAPIDS DES MOINES 1,1q J 1 J L l.J >5- r M assistant city attorney informed plaintiff's attorney that the plaintiff's application was properly denied and that no action would be taken by the city attorney's office. Although defendant Seydel has not as yet signed the application, thus formalizing the denial of plaintiff's eligibility, he intended to do so and would have had plaintiff's attorney not contacted him concerning the legal basis for the denial. A written notation appears at the top of the plaintiff's application --"informed not eligible on 11-5-81 by phone.* Defendants claim that the issues involved here are not yet justiciable because plaintiff has not been formally denied assistance and, therefore, any claims she might have. are not ripe. A year has passed since the plaintiff first applied for leased housing assistance. To date the defendants have not provided " any housing assistance to her through this program. It is incon- sequential whether this denial has been formalized by a signature on the application form. Tile erfecL of defendants' actions are the same as if she had been formally denied, she has received no assistance. Thus, the court concludes that there -is noeg nine issue as to whether the plaintiff has been denied housing assist- ance because of her age --she has. The remaining legal issue is whether the plaintiff is entitled to a judgment as a matter of law. Plaintiff claims that defendants' action in denying her eligibility for section 8 housing because of her minority age status constitutes an unauthorized eligibility condition and vio- lates the purposes of the Act. The two general purposes of the section 8 leased housing as-,istrncP ornoram awe ro rid rower-+.nw^me families in obtaining decent housing and to promote economically mixed housing. 42 U.S.C. 5 1417f(a). The only eligibility re- quirements specified in the Act are family composition and income. The local housing authorities are authorized to establish additional conditions that do not frustrate the purpose and policies of the -l- INV MICROf ILMED BY J JORM MICR46LA13 J i � DeonR Rni'ms • DES wOlscs i 1 n Act. See, e.g., 24 C.F.R. $ 882-204(b)(1)(i)(C) (1982); 24 C.F.A. $882.209(f) (1982), see also Vandermark v. Housing Authority of City of York, 663 F.2d 436, 439-40 (3d Cir. 1981). However, "eligibility" for federal assistance must be measured by federal standards. See Carleson v. Remillard, 406 U.S. 598, 600 (1971). The Supreme Court has concluded that a state eligibility standard that excludes persons eligible for assistance under federal AFDC standards violates the Social Security Act and is therefore invalid under the Supremacy Clause. (AI state's interest in preserving the fiscal in- tegrity ofits welfare program by economically allo- cating limited AFDC resources may not be protected by the device of adopting eligibility requirements restricting the class of children made eligible by federal standards. Townsend v. Swank, 404 U.S. 282, 286, 291 (1971). The United States Court of Appeals for the Eighth Circuit has held that age is an unauthorized condition when deter- mining the eligibility of a payee for Aid ro Famil+ws with Dependent Children (AFDC). Roe v. Ray,'551 F.2d 241, 243 (8th 'Cir. 1977). The court relied an the above Supreme Court statements and reasoned that the state requirement that the recipient have reached majority status thwarted the purpose of the Social Security Act in that it denied relief to certain persons whom the Apt was intended to protect. Id. Although these judicial pronouncements were made in the context of AFDC payments, this court concludes that they are equally applicable in the context. of section 8 housing assistance. The defendants cannot utilize additional eligibility requirements for federal assistance, such as age, that deny eligibility to someone who is eligible under the federal standards. Plaintiff is clearly eligible for section 8 federal assistance under the Act. Her eligibility was denied solely on the basis of an additional requirement not authorized by Congress. This additional requirement is invalid because it denied federal -4- l9yy MILRorILMED By ' RM MIC ROLAB LCEDAR RANDS • DES MOVIES ,. N assistance to someone eligible for assistance under the federal requirements and frustrates the purpose of the section 8 program. See Townsend v. Swank, supra, 404 U.S. at 286; Ferguson v. Metropolitan Development and Housing Agency, 485 F. Supp. 517, -� 527 (M.D. Tenn. 1950). Defendants also contend that the age requirement is necessary to maintain the fiscal integrity or tt,e program because, although a minor is bound by contracts for "necessaries," Iowa Code S 599.2 (1981), the Iowa Supreme Court has not defined housing as a necessary within the statute. True, but the Iowa Supreme Court has also not held that housing is not a necessary within the statute. This court is abundantly satisfied that if and when the question is presented to the Iowa Supreme Court. it will hold :hat housing is a necessary within the meaning of Iowa Code 5 599.2. (The United States Supreme Court has regarded housing as one of the essential needs provided for by welfare assistance. Goldberg v. Kelly, 397 U.S. 254, 264 (1970).) RULING AND JUDGMENT Plaintiff's motion for partial summary judgment is sustained, and the following IS HEREBY ORDERED AND ADJUDGED: (1) It appears without substantial controversy as a fact in this case that plaintiff was denied leased housing assistance by defendants because of her minority age status. (2) Defendants' denial o2 leased housing assistance to plaintiff on the ground of her minority age status is not author- ized by the applicable federal law and is invalid. DATED this 3rd day of November, 1982. OL D. V E United States District Judge -5- 111CROEILNED BY c JORM MICROLA13 J 1 CEDAR RAPIDS • DES M014ES L 1 r Unneeded power plant will raise electric bills ey OWCK RAWBINS Electric rates for customers of three Iowa uIll wW rid substan• tially la a year because ■ 666d m011on Posner Plant now seeded will hegidseryies, ow Those loaeaaes will came on top of price boosts for natural gas nett could be as nomb"2g percent this year for some residential customers In Iowa. Records show, that thei six investor. owned utWties In Iowa now have the capacity- to prods" 76,9 percent mom cWhiclty than their customers used at any one time this year. When that power plant In bauisa County and a smaller phot being built in Muecatita begla sets in 1987, the 810mbleilcapacity of.tbe six utilities will exceed last summer's Peak demand by 7x.2 percept. forTh tp612 arc even lager prioelp11i persons bi W Louisa pkat. After the *k 1. Mousse- Will home 62.7 Pweft more. - and Iowa Public Service Co. of Sion City will b11te8gp puweeet mww tNp used by its customers last smomer. • . Iowa Cammeree Commission roes allow utilities to begin charging customers for new power plants whm they actually begin producing elect tricity, Implicit In Nose 12112 1 the WWW that am plants are needed and useful for utility customers, For the Ionise poem; however, that. assumption may not be coned As a result, the comm4ulon is wrestling with the question of whether stockholders of thoseutilities should be petalled berms the plant was built too soon A first attempt at K t m minwas Jmked which said utilitipt. 30 es the stathe te hadn't given it enough WormtIon tc mile the matter. Prior to the pwwdbg of a new set Of Proposed rules, utilities in the state Will get a chance to argue against any penalty at a pubic beating Friday Soti�g at the Lucas State Office In written comments filed last week, utility executives argued that they had no way of knowing in the L mid-1970s, when planolug for tee I.ouias plot began, that the atasdy growth in demand for electricity of 1 Percent to T Percent a year would evaporate. In IM. the six utilities — Iowa Power, Iowa-Dlioots, Iowa Public Service, Iowa Electric Light b Power Co. of Cedar-RYpids, -Interstate Power Co. at.Debuque'and Iowa South= 1111111112 Co. ot:centerville —sold 21276 bWbo.killowat boots of 4, I peicent above what they sold In 1976. the hMstW211111 tlme�j do agar bNlob Wirt home they sold'was d0ws'Lg pweesgfrom.ibe psawisds. year. Sakes so far in list arc running ahead of 1981 101111, but only by to percent, according to tie commerce The usmmWo ser a precedent In January when It Penalized Iowa Power $Moon for hawing too enach generating capacity. That penalty, based on a formula dertsedby Com. misilou Chairman Andrew Varley, dunks some of the profit on a company$ smsraadng capacity that is 25 pe eent mom than the peak damossiad pnwiwye11n. IN artamea ie the The aammhdm has applied that siandaad ip.efhar rate cases, but it der16d: to reaes11es tis 121 atter ere watery from MUM IN the state. The esmmissloa's staff, in oonme4a RW friday, saw. Woo of the utilities with cause capacity has been "able to produce reliable evidence esplalabug their. investment decisione The staff Indicated that It wRl continue to argue that customers should not be asked to pay a profit to stockholders on generating capacity thM 1 "osither used.. by them or useful to them.,, But the staff agreed that there 1 no sure-fire way of ensuring that 111CRWILMED BY JORM MICROLAB CEDAR RAPIDS • Diss VINES Pmt Planning decisions an made. Speatlug at an Iowa Utility Associ- ation meeting in Dna Moines Monday, Don Jordan, chairman of the Edison Electric lostitulA said It would be a mlaguided and dangerous concha. Sion" to aaanme the current glut. of generating capacity will remain in the future... Jordan attributed most M the encs to the Ment recession, and. "spoor or Later recsi0os recede,• 1 J Toa. Na. 2, M RSS43ttR OOAT BY DAVID SLK iiENERATI PEAKS, CAPAtM 9 INA unm tMitww 1M=rrR 19M triRrb ' 1Mi1nn911Ig3914 i 1fN lrf�t#q appy :MILIw RM ItIR11I Iwn1Lt •tMn11M �. k,i•- ... ._MrlrR -sm!W .j ;1[r,1tNrMw :. SRILtkttlnY :7 wSLwIw1Y I '•1f�/wr 'WMi1r'I; " IWG1Rf1k'. wasoff1k p'/wr SYIwM �Y[I/LGa. I.C17R 14311 u.• '• I.Ipw• IQw Nn. Wm (23% @nown kYYQnY V `'SUf Gnw/011MSW.." -=w.owevow i.i37�; .. !w91s�. Niw •. 79S�Yi+ •11f. 'Lwomo memes. 9riw 1.1Uwlmftmk 139. Ass 77lw 711f MV!np.. 119n•• LrA I.33Iw lllw ?m RYr lilt. YroDki Ir111rr SowtCt Dub~ 1G• -w 90lw 971w Itlw Iilf lllw 7iSf �IrYfRVYI1rY j - �n� CwIMSllt1 ]I!w .. •.r Ipw [pin ' 91w IIlf 11w lllf 1 VALL= All/r` [7l/w 7.42r I 1.97/11W a9f I Man !9.]f YIMISt �//t/IM [wtllYnMtwMla•Y llYriw '� 1ltt oy [w M11 Pil lrSd Id,w, DYn [ b, A tIM 4 I�w .tt,.tnar,LKru¢9rwnkwrmttlrull..trrr �;�,: ,,_, .. I1Yr M nom. wrl r KtrY 9Rd 19Y5 MIDRDEILMED DT . • JORM MIC RbI.AB 1 CEDAR RAPIDS •DCS '401NES 7 i l COUNCIL GOAL -SETTING SESSION NOVEMBER 3, 1982 COUNCIL GOAL -SETTING SESSION: November 3, 1982, at 2:00 P.M. at the Highlander. Mayor Mary Neuhauser presiding. COUNCILMEMBERS PRESENT: Neuhauser, Balmer, McDonald, Dickson, Perret, Erdahl, Lynch -2:25 PM. STAFFMEMBERS PRESENT: Berlin, Stolfus, Helling. NEWS MEDIA: Press Citizen, John Campbell, Daily Iowan, Mark Leonard. FACILITATORS: Clayton Ringgenberg, Tim Shields Ringgenberg noted that the purpose of the meeting was to get a consensus on the goals and objectives for the next eighteen months, as guidance for budget purposes; to discuss policies of Council; to build the Council team; and to discuss the progress the Council is making. The Agenda was as follows: 1. Review of Accomplishments in the year completed, and the current year. 2. Goal setting activity and follow-up discussion. 3. Wrap-up of discussion, the team effectiveness and Council operations Ringgenberg liked the process of the meeting with the department heads for their input on the budget. Council reviewed the accomplishments of the previous year, noting the workload increase, the dividing among Councilmembers of the work on major issues, and the trust given in these areas. Council discussed the things that didn't get accomplished and present concerns. Shields presented a structured goal -setting process. Councilmembers were to visualize five-year goals, but to target objectives for the next eighteen months to work toward that goal. A summary of the potential objectives, by priority, in each of the categories will be prepared by Asst. City Mgr. Helling (and attached). Some process will be worked out so that they can be displayed in {Ie Conference Room. After this process was finished, Shields remarked that there was a high degree of consensus in the group on the final or top goals. There were no new capital improvements, but all were planning items. Council asked for a process to be worked out to inform them of where each goal is on its timetable, and who is responsible.for it, Staff, Council or the City Manager. Neuhauser questioned if the vacant parking lot (dept. store/hotel) was to be opened for parking. Evidently a letter had been distributed regarding this. The City Manager said it had not been decided. Council has been cutting down on the number of items on the pending list. Neuhauser suggested joint meetings with the Board of Supervisors and the Coralville City Council, with an agenda being prepared for the discussions. Berlin advised that there could be four bids on the hotel next Monday. He stated that Council would be receiving a letter from Zuchelli regarding Armstrongs. One hotel bidder wants to discuss financing the department store construction with lease to Armstrongs. The City Manager also commented that every week or two, some of the issues pending, , M lc Ron EMED BY ' JORM MIC R6L A[S � CEDAR RAPIDS D[5 MDIAES J F r Council Informal Page 2 November 3, 1982 the hotel/motel tax, police services, or long range financial report, will ~ be added to the informal meetings for discussion, prior to the budget meet- ings. Council discussed one weakness in their previous process on goals, not follow- ing thru or monitoring their goals. They wondered whether to meet every six months, or four months for such monitoring. City Mgr. Berlin suggested start- ing with a quarterly report to monitor the goals, with the following questions to be answered: who is responsible for implementation of the goal, exactly what is to be done, and where they are on the timetable. Helling pointed out the new summary of department quarterly reports he is to present. Any projects not on schedule might be scheduled for discussion with the appropriate depart- ment head. Councilmembers thanked Ringgenberg and Shields for their helpful process. Meeting adjourned, 6:30 P.M. Mi CROEILIIED BY I NORM MIC RdLAB- I+ CEDAR RAPIDS • DES MOINES I I i ■ I