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To: Mayor Pat Humphrey and the Clare City Commission
From: Steven J. Kingsbury, MBA, CPFA, MiCPT
Treasurer, Finance and Technology Director
Date: January 15, 2020
Reference: Treasurer’s Report for January 20, 2020
Accounting Reconciliations: All bank accounts and related accounting records of the
City of Clare are in balance as of December 31, 2019.
Debt by Type Report: A resident requested an updated report of the City of Clare’s
current indebtedness which I prepared and sent to him. This isn’t a normal report that we
prepare, present or use but it is useful so I’ve included it in this report.
Cash and Investment Report: Enclosed you will find a summary report of all cash and
investment accounts of the City reported by bank of deposit as of December 31, 2019.
Quarterly Investment Report: Enclosed you will find a complete listing of the
investments held by the City of Clare as of December 31, 2019.
Revenue and Expenditure Report: Enclosed you will find a Summary Revenue and
Expenditure Report (Unaudited) of the City of Clare prepared as of December 31, 2019.
Balance Sheet: Enclosed you will find a Comparative Balance Sheet (Unaudited) of the
City of Clare prepared as of December 31, 2019.
FY2019/20 Quarterly Financial Analysis: My analysis of the City’s 2nd Quarter financial
performance (10-1 to 12-31-19) is not yet complete and will be sent to the Commission
electronically by Friday if it is complete and/or as a handout during the Commission
meeting Monday evening.
Treasurer's ReportPage 1 of 51
Original Debt Outstanding Debt
Debt Issue Description Amount as of 12-31-19 Type of Borrowing
2012 South Sports and Recreation Land Purchase 169,500.00 55,527.19 Act 99
2015 HP E-One 78' Aerial Unit 525,000.00 364,729.12 Act 99
2016 LED Street/Sidewalk Fixtures 130,596.24 104,477.01 Act 99
2018 Freightline Blade Truck 115,000.00 92,000.00 Act 99
2012 Refunding Bonds (Public Safety Bldg) 1,225,000.00 450,000.00 Limited Tax General Obligation
2014 North Industrial Park Infrastrusture 565,000.00 511,000.00 Capital Improvement Limited Tax General Obligation
2016 South Sports and Rec Construction 345,000.00 305,000.00 Capital Improvement Limited Tax General Obligation
2018 Elgin Streetsweeper 216,100.00 204,014.75 Act 99
Total 2,086,748.07$
2019 Water Plant/System Improvement 1,497,000.00$ 1,092,000.00$ Revenue Bond
2014 North Industrial Park - Sewer 335,000.00 313,000.00 Revenue Bond
2014 North Industrial Park - Water 560,000.00 523,000.00 Revenue Bond
2011 Sewage System Revenue Bonds 2,655,000.00 2,298,953.69 Revenue Bond
2012 Refunding Bonds - Sewer 280,000.00 75,000.00 Limited Tax General Obligation (Refer to below note)
2012 Refunding Bonds - Water 255,000.00 85,000.00 Limited Tax General Obligation (Refer to below note)
Total 3,294,953.69$
2006 DDA Bonds (Parking Lots) 455,000.00$ 171,000.00$ Capital Improvement Limited Tax General Obligation
Total 171,000.00$
Act 99 820,748.07$ Limited to 1.25% of total Ad Valorem Taxable Value.
Capital Improvement Limited Tax General Obligation 987,000.00$
Limited Tax General Obligation 450,000.00$
Total Act 99 and LTGO Bonds are limited to 10% of SEV.
Revenue Bonds 3,294,953.69$ No constitutional or statuatory limitation.
Total Outstanding Debt 5,552,701.76$
City of Clare's 2018 Ad Valorem Property Tax Roll Borrowing Limitation Debt Capacity
Taxable Value 87,125,879$ 1,089,073$ We are at 75.4% of our Act 99 borrowing capacity
(1.25% of our Ad Valorem Taxable Value).
State Equalized Value (SEV) 95,857,800$ 4,792,890$ We are at 30.0% of our LTGO borrowing capacity
(5% of the City's total SEV).
Home Rule City Act Borrowing Limitation 9,585,780$ 2,257,748$ We are at 23.6% of the Home Rule City Act borrowing.
(10% of the City's SEV)
Total Outstanding Debt by Type
Total of LTGO Bonds are limited to 5.00% of total SEV.
CITY OF CLARE
OUTSTANDING DEBT BY TYPE
Governmental Activities
Enterprise Activities
Both the 2012 refunding sewer and water bonds were
originally issued as revenue bonds and therefore are not
subject to the statutory LTGO borrowing limitations.
Component Units
Treasurer's ReportPage 2 of 51
Interest Balance Total Total Balance
Financial Institution/Account Description Rates 12/01/19 Increases Decreases 12/31/19
City of Clare Accounts
Chemical Bank/Consolidated Account/Cash Sweep 1.460% 617,413.76$ 1,710,687.50$ 918,149.89$ 1,409,951.37
Chemical Bank/Rural Development Bond & Interest Acct 0.500% 81,695.82 34.69 - 81,730.51
Chemical Bank/Rural Development RRI Acct 0.500% 70,572.99 29.97 - 70,602.96
Chemical Bank/USDA Sewer Bond Pmt Reserve Acct 0.500% 7,151.06 3.04 - 7,154.10
Chemical Bank/USDA Sewer Bond RRI Reserve Acct 0.500% 22,421.03 9.52 - 22,430.55
Chemical Bank/USDA Water Bond Pmt Reserve Acct 0.500% 11,918.44 5.06 - 11,923.50
Chemical Bank/USDA Water Bond RRI Reserve Acct 0.500% 20,509.24 8.71 - 20,517.95
Chemical Bank/USDA Water Plant Improvement Project 0.000% 1,905.71 709,000.00 709,853.69 1,052.02
Mercantile/Money Market Account 0.300% 74,517.18 19.60 - 74,536.78
Chemical Bank/Current Property Tax Account 0.500% 6,058.03 568,638.57 218,587.31 356,109.29
Petty Cash and Cash on Hand N/A 450.00 200.00 - 650.00
Chemical Bank/ACH Receipt Acct 0.500% 1,000.00 - - 1,000.00
Chemical Bank/Repurchase Agreements 1.000% 2,300,000.00 325,000.00 1,125,000.00 1,500,000.00
Mercantile/Hatton Township Landfill Trust Fund 0.900% 205,088.28 - - 205,088.28
Total - City of Clare Accounts 3,420,701.54$ 3,313,636.66$ 2,971,590.89$ 3,762,747.31$
City of Clare Component Unit Accounts
Chemical Bank DDA Account 0.500% 85,375.57 4,830.05 7,067.25 83,138.37
Total - City of Clare Component Unit Accounts 85,375.57$ 4,830.05$ 7,067.25$ 83,138.37$
From 12/01/2019 to 12/31/2019
CASH AND INVESTMENT SUMMARY (UNAUDITED) BY BANK
CITY OF CLARE
Treasurer's ReportPage 3 of 51
Investment Transactional
BALANCE TOTAL TOTAL BALANCE Balances Account Balances
FUND DESCRIPTION 12/1/2019 DEBITS CREDITS 12/31/2019 12/31/2019 12/31/2019
101 General Fund 912,838.18 760,833.45 848,140.58 825,531.05 200,000.00$ 625,531.05$
150 Cemetery Perpetual Care 299,651.60 256.29 0.00 299,907.89 275,000.00 24,907.89
202 Major Streets 201,729.43 24,167.84 24,132.49 201,764.78 170,000.00 31,764.78
203 Local Streets 19,281.84 18,987.25 19,341.93 18,927.16 5,000.00 13,927.16
204 Municipal Street Fund 221,810.11 26,255.27 25,000.00 223,065.38 200,000.00 23,065.38
206 Fire Fund 386,004.05 1,499.85 14,785.63 372,718.27 325,000.00 47,718.27
208 Parks and Recreation 133,607.84 32,389.52 31,449.95 134,547.41 75,000.00 59,547.41
210 Downtown Development Authority (DDA) 85,375.57 4,830.05 7,067.25 83,138.37 - 83,138.37
214 Local Development Finance Auth 2,939.97 0.00 2,939.97 0.00 -
243 Brownfield Redevelopment Authority Fund 4,618.88 2.84 0.00 4,621.72 - 4,621.72
265 Drug Law Enforcement Fund 1,989.81 1.23 0.00 1,991.04 - 1,991.04
287 Police Training 302 Fund 1,718.87 0.00 0.00 1,718.87 - 1,718.87
303 Public Safety Bldg Debt Service (7,667.50) 7,667.50 0.00 0.00 -
590 Sewer System Fund 737,899.50 887,938.33 859,461.75 766,376.08 100,000.00 666,376.08
591 Water System Fund 239,089.49 807,664.07 756,762.85 289,990.71 150,000.00 139,990.71
636 Data Processing Fund 10,904.48 6,484.97 1,177.43 16,212.02 - 16,212.02
641 Mobile Equipment Fund 34,945.05 62,986.32 58,647.56 39,283.81 - 39,283.81
703 Property Tax Fund 6,058.03 568,638.57 218,587.31 356,109.29 - 356,109.29
704 Imprest Payroll Fund 8,193.63 107,863.36 111,163.44 4,893.55 - 4,893.55
765 Hatton Township Landfill Trust Fund 205,088.28 0.00 0.00 205,088.28 205,088.28 -
TOTAL - ALL FUNDS 3,506,077.11$ 3,318,466.71$ 2,978,658.14$ 3,845,885.68$ 1,705,088.28$ 2,140,797.40$
NOTES:
Parks and Recreation Fund - Grant funding of $3,400 for the Recreation Complex Butterfly Garden is being held by the Clare County Community Foundation.
DDA Fund - Includes Art Alley funds of $5,042.53
Parks and Recreation Fund - The above balance includes funds from Hammerberg Bequests of $40,000.00 for the Tennis Courts; $3,500.00 for Recreation Complex Picnic Tables; $1,150.00 for
Recreation Complex Pet Waste Stations; $950 for Depot benches and $950 for City Park grills.
CASH SUMMARY BY FUND FOR THE CITY OF CLARE
From 12/01/2019 To 12/31/2019
ALL FUNDS (UNAUDITED)
CASH and INVESTMENT ACCOUNTS
Parks and Recreation Fund - All Bond Proceeds, Grant and Donated Funds have been expended. Additional expenses to date for the Recreation Complex of $28,528.69 and Depot Restoration
of $7,195.91 will come from the Parks Improvement Millage.
Parks and Recreation Fund - The above balance includes $25,733.00 received from donations and the Saginaw Bay Watershed Initiative Grant and reserved for Rec Complex Playground/Green Space.
Parks and Recreation Fund - The above balance includes $15,675.00 in Donated funds received/reserved for the Skate Park and $500 in Donated funds received for the Rail Trail Extension.
Treasurer's ReportPage 4 of 51
AMOUNT MATURITY TERM RATE
09/24/19 200,000.00 01/07/20 105 1.00%
09/24/19 200,000.00 01/14/20 112 1.00%
09/24/19 200,000.00 01/21/20 119 1.00%
09/24/19 200,000.00 01/28/20 126 1.00%
09/24/19 100,000.00 02/04/20 133 1.00%
09/30/19 200,000.00 02/11/20 134 1.00%
10/15/19 100,000.00 02/18/20 126 1.00%
10/22/19 100,000.00 02/25/20 126 1.00%
10/29/19 100,000.00 03/03/20 126 1.00%
11/05/19 100,000.00 03/10/20 126 1.00%
Total 1,500,000.00$ 1
Average = 1.00%
12/31/19 1,374,803.11$ 2
1.46%
2,874,803.11$ Weighted Average Interest Rate 1.22%
Footnotes:
1 -
2 -
ISSUED
TERM REPURCHASE AGREEMENTS
INSURED CASH SWEEP ACCOUNT
TOTAL INVESTMENT HOLDINGS
All of the Term Repurchase Agreements are in the form of short-term (one-year or less)
United States Government Securities (Treasury Bills, Bonds or Agency Bonds) placed
through Chemical Bank.
All of the funds invested in the Insured Cash Sweep Account are reciprocally placed
automatically by Chemical Bank with qualifying financial insitutions in accordance with
Michigan Public Act 20 of 1943 as amended and are fully insured by the FDIC.
City of Clare
Schedule of Investments
As of December 31, 2019
Treasurer's ReportPage 5 of 51
Summary
Revenue and Expenditure Report
Prepared as of
December 31, 2019
Treasurer's ReportPage 6 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 1/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 101 - GENERAL FUND77.54 585,609.55 107,618.56 2,021,828.44 2,607,437.99 2,563,275.50 000.000 - GENERAL89.45 5,064.49 2,939.97 42,939.97 48,004.46 45,000.00 931.000 - TRANSFERS IN AND OTHER SOURCES
77.76 590,674.04 110,558.53 2,064,768.41 2,655,442.45 2,608,275.50 TOTAL REVENUES
73.10 12,584.57 4,734.62 34,196.34 46,780.91 42,003.97 101.000 - CITY COMMISSION45.17 65,386.31 8,951.81 53,873.52 119,259.83 113,965.43 172.000 - CITY MANAGEMENT/ADMINISTRATION52.28 75,376.22 25,509.78 82,588.48 157,964.70 155,356.80 191.000 - FISCAL SERVICES44.28 121,256.11 15,684.98 96,360.13 217,616.24 198,994.95 215.000 - CLERK8.05 1,587.52 111.00 138.98 1,726.50 1,531.33 247.000 - BOARD OF REVIEW
49.61 49,531.31 8,816.56 48,768.68 98,299.99 103,046.49 257.000 - ASSESSOR6.40 6,949.46 182.98 475.54 7,425.00 5,679.80 262.000 - ELECTIONS
54.07 35,309.09 7,620.51 41,563.07 76,872.16 58,789.79 265.000 - BUILDING AND GROUNDS24.33 34,050.10 0.00 10,949.90 45,000.00 68,575.00 266.000 - ATTORNEY54.67 42,951.44 7,365.34 51,794.48 94,745.92 92,465.33 276.000 - CEMETERY43.76 462,154.93 52,139.63 359,549.97 821,704.90 834,375.24 301.000 - POLICE136.56 (365.56)4.26 1,365.56 1,000.00 857.67 371.000 - BLDG INSPECTION / CODE ENFORCEMENT52.00 23,865.06 7,399.95 25,858.57 49,723.63 52,274.57 441.000 - DEPARTMENT OF PUBLIC WORKS0.00 2,500.00 0.00 0.00 2,500.00 534.19 445.000 - DRAINS - PUBLIC BENEFIT
52.74 22,964.82 5,131.23 25,623.58 48,588.40 59,763.65 448.000 - STREET LIGHTING26.56 45,193.16 2,728.81 16,346.48 61,539.64 43,796.50 526.000 - LANDFILL CLOSURE55.07 92,073.47 19,498.03 112,858.76 204,932.23 219,085.80 528.000 - REFUSE COLLECTION/DISPOSAL68.68 49,455.31 5,673.96 108,441.68 157,896.99 172,720.15 537.000 - AIRPORT128.19 (6,906.30)0.00 31,406.30 24,500.00 35,750.76 721.000 - PLANNING21.75 34,026.85 0.00 9,459.85 43,486.70 42,641.42 906.000 - DEBT SERVICE77.03 3,203.69 0.00 10,746.31 13,950.00 19,933.68 955.000 - NON DEPARTMENTAL64.92 150,000.00 29,600.50 277,561.41 427,561.41 396,980.03 999.000 - TRANSFERS (OUT) AND OTHER USES
51.41 1,323,147.56 201,153.95 1,399,927.59 2,723,075.15 2,719,122.55 TOTAL EXPENDITURES
983.02 (732,473.52)(90,595.42)664,840.82 (67,632.70)(110,847.05)NET OF REVENUES & EXPENDITURES
51.41 1,323,147.56 201,153.95 1,399,927.59 2,723,075.15 2,719,122.55 TOTAL EXPENDITURES77.76 590,674.04 110,558.53 2,064,768.41 2,655,442.45 2,608,275.50 TOTAL REVENUES
Fund 101 - GENERAL FUND:
Treasurer's ReportPage 7 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 2/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 150 - CEMETERY PERPETUAL CARE40.53 7,731.64 256.29 5,268.36 13,000.00 12,789.72 000.000 - GENERAL
40.53 7,731.64 256.29 5,268.36 13,000.00 12,789.72 TOTAL REVENUES
100.00 (600.00)0.00 600.00 0.00 0.00 276.000 - CEMETERY0.00 5,000.00 0.00 0.00 5,000.00 5,000.00 999.000 - TRANSFERS (OUT) AND OTHER USES
12.00 4,400.00 0.00 600.00 5,000.00 5,000.00 TOTAL EXPENDITURES
58.35 3,331.64 256.29 4,668.36 8,000.00 7,789.72 NET OF REVENUES & EXPENDITURES
12.00 4,400.00 0.00 600.00 5,000.00 5,000.00 TOTAL EXPENDITURES40.53 7,731.64 256.29 5,268.36 13,000.00 12,789.72 TOTAL REVENUES
Fund 150 - CEMETERY PERPETUAL CARE:
Treasurer's ReportPage 8 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 3/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 202 - MAJOR STREETS27.43 263,726.72 24,167.84 99,692.06 363,418.78 354,141.54 000.000 - GENERAL
27.43 263,726.72 24,167.84 99,692.06 363,418.78 354,141.54 TOTAL REVENUES
31.90 5,776.97 434.17 2,705.71 8,482.68 5,884.40 444.000 - SIDEWALKS48.24 40,476.05 6,588.00 37,725.86 78,201.91 61,333.40 446.001 - STATE TRUNKLINE MAINTENANCE31.46 100,375.16 6,534.75 46,074.61 146,449.77 85,095.61 449.002 - PRESERVATION STREETS41.83 9,248.45 750.00 6,651.55 15,900.00 14,063.60 449.003 - WINTER MAINTENANCE51.52 8,952.15 1,500.57 9,512.86 18,465.01 15,748.43 449.004 - ADMIN, ENGINEERING & RECORD KEEPING50.00 50,000.00 8,325.00 50,000.00 100,000.00 100,000.00 999.000 - TRANSFERS (OUT) AND OTHER USES
41.54 214,828.78 24,132.49 152,670.59 367,499.37 282,125.44 TOTAL EXPENDITURES
1,298.31 48,897.94 35.35 (52,978.53)(4,080.59)72,016.10 NET OF REVENUES & EXPENDITURES
41.54 214,828.78 24,132.49 152,670.59 367,499.37 282,125.44 TOTAL EXPENDITURES27.43 263,726.72 24,167.84 99,692.06 363,418.78 354,141.54 TOTAL REVENUES
Fund 202 - MAJOR STREETS:
Treasurer's ReportPage 9 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 4/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 203 - LOCAL STS FUND32.57 89,604.65 10,662.25 43,274.78 132,879.43 143,873.59 000.000 - GENERAL50.00 50,000.00 8,325.00 50,000.00 100,000.00 100,000.00 931.000 - TRANSFERS IN AND OTHER SOURCES
40.05 139,604.65 18,987.25 93,274.78 232,879.43 243,873.59 TOTAL REVENUES
45.22 3,277.03 434.20 2,705.65 5,982.68 5,622.48 444.000 - SIDEWALKS70.77 950.00 1,225.00 2,300.00 3,250.00 2,200.00 449.001 - CONSTRUCTION STREETS (INCL. ENG.& ROW)54.05 97,134.56 13,856.36 114,243.45 211,378.01 184,298.81 449.002 - PRESERVATION STREETS53.28 5,606.73 2,975.80 6,393.27 12,000.00 10,483.43 449.003 - WINTER MAINTENANCE49.24 7,951.93 850.57 7,713.08 15,665.01 14,403.48 449.004 - ADMIN, ENGINEERING & RECORD KEEPING0.00 0.00 0.00 0.00 0.00 226.65 955.000 - NON DEPARTMENTAL
53.71 114,920.25 19,341.93 133,355.45 248,275.70 217,234.85 TOTAL EXPENDITURES
260.33 24,684.40 (354.68)(40,080.67)(15,396.27)26,638.74 NET OF REVENUES & EXPENDITURES
53.71 114,920.25 19,341.93 133,355.45 248,275.70 217,234.85 TOTAL EXPENDITURES40.05 139,604.65 18,987.25 93,274.78 232,879.43 243,873.59 TOTAL REVENUES
Fund 203 - LOCAL STS FUND:
Treasurer's ReportPage 10 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 5/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 204 - MUNICIPAL STREET FUND91.02 22,844.19 1,255.27 231,523.11 254,367.30 251,649.64 000.000 - GENERAL
91.02 22,844.19 1,255.27 231,523.11 254,367.30 251,649.64 TOTAL REVENUES
15.52 219,527.30 0.00 40,320.00 259,847.30 238,455.19 449.001 - CONSTRUCTION STREETS (INCL. ENG.& ROW)100.00 (378.00)0.00 378.00 0.00 601.72 955.000 - NON DEPARTMENTAL
15.66 219,149.30 0.00 40,698.00 259,847.30 239,056.91 TOTAL EXPENDITURES
3,482.21 (196,305.11)1,255.27 190,825.11 (5,480.00)12,592.73 NET OF REVENUES & EXPENDITURES
15.66 219,149.30 0.00 40,698.00 259,847.30 239,056.91 TOTAL EXPENDITURES91.02 22,844.19 1,255.27 231,523.11 254,367.30 251,649.64 TOTAL REVENUES
Fund 204 - MUNICIPAL STREET FUND:
Treasurer's ReportPage 11 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 6/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 206 - FIRE FUND14.74 203,648.44 1,878.99 35,205.17 238,853.61 213,778.58 000.000 - GENERAL100.00 0.00 0.00 97,039.67 97,039.67 96,001.54 931.000 - TRANSFERS IN AND OTHER SOURCES
39.37 203,648.44 1,878.99 132,244.84 335,893.28 309,780.12 TOTAL REVENUES
35.58 183,530.96 11,710.27 101,367.21 284,898.17 237,125.37 336.000 - FIRE DEPARTMENT100.00 0.00 0.00 44,264.23 44,264.23 44,264.23 906.000 - DEBT SERVICE100.00 0.00 3,067.00 20,347.83 20,347.83 20,652.33 999.000 - TRANSFERS (OUT) AND OTHER USES
47.49 183,530.96 14,777.27 165,979.27 349,510.23 302,041.93 TOTAL EXPENDITURES
247.74 20,117.48 (12,898.28)(33,734.43)(13,616.95)7,738.19 NET OF REVENUES & EXPENDITURES
47.49 183,530.96 14,777.27 165,979.27 349,510.23 302,041.93 TOTAL EXPENDITURES39.37 203,648.44 1,878.99 132,244.84 335,893.28 309,780.12 TOTAL REVENUES
Fund 206 - FIRE FUND:
Treasurer's ReportPage 12 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 7/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 208 - PARKS AND RECREATION38.79 300,495.09 1,688.29 190,458.54 490,953.63 184,874.84 000.000 - GENERAL9.68 1,400,000.00 25,000.00 150,000.00 1,550,000.00 270,000.00 931.000 - TRANSFERS IN AND OTHER SOURCES
16.68 1,700,495.09 26,688.29 340,458.54 2,040,953.63 454,874.84 TOTAL REVENUES
6.16 1,755,052.58 16,013.57 115,180.99 1,870,233.57 252,016.21 751.001 - PARKS52.89 45,889.01 6,106.42 51,522.07 97,411.08 90,924.84 751.002 - RECREATION64.30 4,973.26 3,922.31 8,957.18 13,930.44 102,871.65 751.003 - RAILROAD DEPOT90.48 3,965.00 0.00 37,704.49 41,669.49 41,020.48 906.000 - DEBT SERVICE104.73 (94.50)0.00 2,094.50 2,000.00 2,282.08 955.000 - NON DEPARTMENTAL
10.64 1,809,785.35 26,042.30 215,459.23 2,025,244.58 489,115.26 TOTAL EXPENDITURES
795.72 (109,290.26)645.99 124,999.31 15,709.05 (34,240.42)NET OF REVENUES & EXPENDITURES
10.64 1,809,785.35 26,042.30 215,459.23 2,025,244.58 489,115.26 TOTAL EXPENDITURES16.68 1,700,495.09 26,688.29 340,458.54 2,040,953.63 454,874.84 TOTAL REVENUES
Fund 208 - PARKS AND RECREATION:
Treasurer's ReportPage 13 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 8/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 210 - DDA(DOWNTOWN DVLPMT AUTHORITY)86.59 13,929.53 4,830.05 89,974.21 103,903.74 101,590.84 000.000 - GENERAL
86.59 13,929.53 4,830.05 89,974.21 103,903.74 101,590.84 TOTAL REVENUES
49.41 11,381.80 7,039.30 11,118.20 22,500.00 53,678.30 747.001 - DDA - OPERATIONS27.98 359.65 27.95 139.75 499.40 451.88 747.002 - DDA - MAINSTREET600.00 (1,000.00)0.00 1,200.00 200.00 101.25 747.003 - DDA - ART ALLEY89.77 3,809.75 0.00 33,433.25 37,243.00 36,440.26 906.000 - DEBT SERVICE
75.93 14,551.20 7,067.25 45,891.20 60,442.40 90,671.69 TOTAL EXPENDITURES
101.43 (621.67)(2,237.20)44,083.01 43,461.34 10,919.15 NET OF REVENUES & EXPENDITURES
75.93 14,551.20 7,067.25 45,891.20 60,442.40 90,671.69 TOTAL EXPENDITURES86.59 13,929.53 4,830.05 89,974.21 103,903.74 101,590.84 TOTAL REVENUES
Fund 210 - DDA(DOWNTOWN DVLPMT AUTHORITY):
Treasurer's ReportPage 14 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 9/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 211 - SIDEWALK REPLACEMENT FUND0.00 0.00 0.00 0.00 0.00 0.38 000.000 - GENERAL
0.00 0.00 0.00 0.00 0.00 0.38 TOTAL REVENUES
0.00 350.00 0.00 0.00 350.00 341.71 444.000 - SIDEWALKS0.00 0.00 0.00 0.00 0.00 2.62 955.000 - NON DEPARTMENTAL
0.00 350.00 0.00 0.00 350.00 344.33 TOTAL EXPENDITURES
0.00 (350.00)0.00 0.00 (350.00)(343.95)NET OF REVENUES & EXPENDITURES
0.00 350.00 0.00 0.00 350.00 344.33 TOTAL EXPENDITURES0.00 0.00 0.00 0.00 0.00 0.38 TOTAL REVENUES
Fund 211 - SIDEWALK REPLACEMENT FUND:
Treasurer's ReportPage 15 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 10/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 214 - LOCAL DEVELOPMENT FINANCE AUTH97.85 64.49 0.00 2,939.97 3,004.46 0.00 000.000 - GENERAL
97.85 64.49 0.00 2,939.97 3,004.46 0.00 TOTAL REVENUES
97.85 64.49 2,939.97 2,939.97 3,004.46 0.00 999.000 - TRANSFERS (OUT) AND OTHER USES
97.85 64.49 2,939.97 2,939.97 3,004.46 0.00 TOTAL EXPENDITURES
0.00 0.00 (2,939.97)0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES
97.85 64.49 2,939.97 2,939.97 3,004.46 0.00 TOTAL EXPENDITURES97.85 64.49 0.00 2,939.97 3,004.46 0.00 TOTAL REVENUES
Fund 214 - LOCAL DEVELOPMENT FINANCE AUTH:
Treasurer's ReportPage 16 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 11/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 243 - BROWNFIELD REDEVELOPMENT AUTHORITY FUND316.25 (8.65)2.84 12.65 4.00 9.23 000.000 - GENERAL
316.25 (8.65)2.84 12.65 4.00 9.23 TOTAL REVENUES
316.25 (8.65)2.84 12.65 4.00 9.23 NET OF REVENUES & EXPENDITURES
0.00 0.00 0.00 0.00 0.00 0.00 TOTAL EXPENDITURES316.25 (8.65)2.84 12.65 4.00 9.23 TOTAL REVENUES
Fund 243 - BROWNFIELD REDEVELOPMENT AUTHORITY FUND:
Treasurer's ReportPage 17 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 12/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 265 - DRUG LAW ENFORCEMENT FUND0.29 1,994.28 1.23 5.72 2,000.00 2,723.92 000.000 - GENERAL
0.29 1,994.28 1.23 5.72 2,000.00 2,723.92 TOTAL REVENUES
14.34 1,553.00 0.00 260.00 1,813.00 1,919.50 301.000 - POLICE
14.34 1,553.00 0.00 260.00 1,813.00 1,919.50 TOTAL EXPENDITURES
135.98 441.28 1.23 (254.28)187.00 804.42 NET OF REVENUES & EXPENDITURES
14.34 1,553.00 0.00 260.00 1,813.00 1,919.50 TOTAL EXPENDITURES0.29 1,994.28 1.23 5.72 2,000.00 2,723.92 TOTAL REVENUES
Fund 265 - DRUG LAW ENFORCEMENT FUND:
Treasurer's ReportPage 18 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 13/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 287 - POLICE TRAINING 302 FUND0.00 1,500.00 0.00 0.00 1,500.00 0.00 000.000 - GENERAL
0.00 1,500.00 0.00 0.00 1,500.00 0.00 TOTAL REVENUES
0.00 1,500.00 0.00 0.00 1,500.00 1,526.98 301.000 - POLICE
0.00 1,500.00 0.00 0.00 1,500.00 1,526.98 TOTAL EXPENDITURES
0.00 0.00 0.00 0.00 0.00 (1,526.98)NET OF REVENUES & EXPENDITURES
0.00 1,500.00 0.00 0.00 1,500.00 1,526.98 TOTAL EXPENDITURES0.00 1,500.00 0.00 0.00 1,500.00 0.00 TOTAL REVENUES
Fund 287 - POLICE TRAINING 302 FUND:
Treasurer's ReportPage 19 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 14/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 303 - PUBLIC SAFETY BLDG DEBT SERVIC100.00 0.00 7,667.50 50,869.57 50,869.57 51,630.82 931.000 - TRANSFERS IN AND OTHER SOURCES
100.00 0.00 7,667.50 50,869.57 50,869.57 51,630.82 TOTAL REVENUES
100.00 0.00 0.00 50,869.57 50,869.57 51,630.82 223.000 - DEBT SERVICE
100.00 0.00 0.00 50,869.57 50,869.57 51,630.82 TOTAL EXPENDITURES
0.00 0.00 7,667.50 0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES
100.00 0.00 0.00 50,869.57 50,869.57 51,630.82 TOTAL EXPENDITURES100.00 0.00 7,667.50 50,869.57 50,869.57 51,630.82 TOTAL REVENUES
Fund 303 - PUBLIC SAFETY BLDG DEBT SERVIC:
Treasurer's ReportPage 20 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 15/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 590 - SEWER SYSTEM FUND45.56 526,391.29 79,188.56 440,599.20 966,990.49 952,521.42 000.000 - GENERAL
45.56 526,391.29 79,188.56 440,599.20 966,990.49 952,521.42 TOTAL REVENUES
33.53 511,839.33 42,103.65 258,151.41 769,990.74 761,521.09 536.001 - SEWER TREATMENT AND PUMPING42.26 137,378.81 15,538.44 100,548.56 237,927.37 184,067.16 536.002 - SEWER COLLECTION37.56 59,957.50 0.00 36,068.89 96,026.39 71,301.36 906.000 - DEBT SERVICE100.00 0.00 0.00 10,000.00 10,000.00 39,728.96 999.000 - TRANSFERS (OUT) AND OTHER USES
36.34 709,175.64 57,642.09 404,768.86 1,113,944.50 1,056,618.57 TOTAL EXPENDITURES
24.38 (182,784.35)21,546.47 35,830.34 (146,954.01)(104,097.15)NET OF REVENUES & EXPENDITURES
36.34 709,175.64 57,642.09 404,768.86 1,113,944.50 1,056,618.57 TOTAL EXPENDITURES45.56 526,391.29 79,188.56 440,599.20 966,990.49 952,521.42 TOTAL REVENUES
Fund 590 - SEWER SYSTEM FUND:
Treasurer's ReportPage 21 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 16/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 591 - WATER SYSTEM FUND41.39 564,066.15 64,875.11 398,324.11 962,390.26 827,985.32 000.000 - GENERAL72.95 405,000.00 709,000.00 1,092,000.00 1,497,000.00 0.00 931.000 - TRANSFERS IN AND OTHER SOURCES
60.60 969,066.15 773,875.11 1,490,324.11 2,459,390.26 827,985.32 TOTAL REVENUES
65.12 627,312.92 731,381.10 1,171,101.39 1,798,414.31 409,251.92 536.003 - TREATMENT, PUMPING AND STORAGE37.31 232,592.92 18,555.45 138,413.68 371,006.60 251,222.54 536.004 - WATER DISTRIBUTION33.44 91,586.81 6,508.78 46,007.84 137,594.65 123,405.29 536.005 - PRINCIPAL RESPONSIBLE PARTY #113.98 68,115.96 0.00 11,068.08 79,184.04 20,142.35 906.000 - DEBT SERVICE100.00 0.00 0.00 10,000.00 10,000.00 27,186.68 999.000 - TRANSFERS (OUT) AND OTHER USES
57.45 1,019,608.61 756,445.33 1,376,590.99 2,396,199.60 831,208.78 TOTAL EXPENDITURES
179.98 (50,542.46)17,429.78 113,733.12 63,190.66 (3,223.46)NET OF REVENUES & EXPENDITURES
57.45 1,019,608.61 756,445.33 1,376,590.99 2,396,199.60 831,208.78 TOTAL EXPENDITURES60.60 969,066.15 773,875.11 1,490,324.11 2,459,390.26 827,985.32 TOTAL REVENUES
Fund 591 - WATER SYSTEM FUND:
Treasurer's ReportPage 22 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 17/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 636 - DATA PROCESSING68.69 38,835.72 6,484.97 85,214.28 124,050.00 81,916.94 000.000 - GENERAL
68.69 38,835.72 6,484.97 85,214.28 124,050.00 81,916.94 TOTAL REVENUES
89.22 15,351.97 1,177.43 126,998.03 142,350.00 41,052.72 228.000 - DATA PROCESSING, INFORMATION TECHNOLOGY100.00 0.00 0.00 11,000.00 11,000.00 11,000.00 999.000 - TRANSFERS (OUT) AND OTHER USES
89.99 15,351.97 1,177.43 137,998.03 153,350.00 52,052.72 TOTAL EXPENDITURES
180.15 23,483.75 5,307.54 (52,783.75)(29,300.00)29,864.22 NET OF REVENUES & EXPENDITURES
89.99 15,351.97 1,177.43 137,998.03 153,350.00 52,052.72 TOTAL EXPENDITURES68.69 38,835.72 6,484.97 85,214.28 124,050.00 81,916.94 TOTAL REVENUES
Fund 636 - DATA PROCESSING:
Treasurer's ReportPage 23 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 18/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 641 - MOBILE EQUIPMENT60.42 152,656.20 62,676.23 233,060.08 385,716.28 342,127.61 000.000 - GENERAL0.00 0.00 0.00 0.00 0.00 330,100.00 931.000 - TRANSFERS IN AND OTHER SOURCES
60.42 152,656.20 62,676.23 233,060.08 385,716.28 672,227.61 TOTAL REVENUES
58.13 145,063.99 58,097.14 201,436.08 346,500.07 417,605.83 441.000 - DEPARTMENT OF PUBLIC WORKS100.00 0.00 0.00 32,429.09 32,429.09 13,864.05 906.000 - DEBT SERVICE100.00 0.00 0.00 1,000.00 1,000.00 1,000.00 999.000 - TRANSFERS (OUT) AND OTHER USES
61.82 145,063.99 58,097.14 234,865.17 379,929.16 432,469.88 TOTAL EXPENDITURES
31.19 7,592.21 4,579.09 (1,805.09)5,787.12 239,757.73 NET OF REVENUES & EXPENDITURES
61.82 145,063.99 58,097.14 234,865.17 379,929.16 432,469.88 TOTAL EXPENDITURES60.42 152,656.20 62,676.23 233,060.08 385,716.28 672,227.61 TOTAL REVENUES
Fund 641 - MOBILE EQUIPMENT:
Treasurer's ReportPage 24 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 19/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 765 - HATTON TOWNSHIP LANDFILL TRUST FUND0.00 1,000.00 0.00 0.00 1,000.00 2,040.77 000.000 - GENERAL
0.00 1,000.00 0.00 0.00 1,000.00 2,040.77 TOTAL REVENUES
0.00 1,000.00 0.00 0.00 1,000.00 2,040.77 NET OF REVENUES & EXPENDITURES
0.00 0.00 0.00 0.00 0.00 0.00 TOTAL EXPENDITURES0.00 1,000.00 0.00 0.00 1,000.00 2,040.77 TOTAL REVENUES
Fund 765 - HATTON TOWNSHIP LANDFILL TRUST FUND:
Treasurer's ReportPage 25 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 20/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 901 - GENERAL FIXED ASSETS0.00 0.00 0.00 0.00 0.00 28,263.00 000.000 - GENERAL0.00 0.00 0.00 0.00 0.00 128,438.00 101.000 - CITY COMMISSION0.00 0.00 0.00 0.00 0.00 99,573.00 301.000 - POLICE0.00 0.00 0.00 0.00 0.00 78,898.00 441.000 - DEPARTMENT OF PUBLIC WORKS0.00 0.00 0.00 0.00 0.00 70,916.00 751.001 - PARKS
0.00 0.00 0.00 0.00 0.00 406,088.00 TOTAL EXPENDITURES
0.00 0.00 0.00 0.00 0.00 (406,088.00)NET OF REVENUES & EXPENDITURES
0.00 0.00 0.00 0.00 0.00 406,088.00 TOTAL EXPENDITURES0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES
Fund 901 - GENERAL FIXED ASSETS:
Treasurer's ReportPage 26 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 21/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 902 - GENERAL LONG-TERM DEBT0.00 0.00 0.00 0.00 0.00 57,867.17 000.000 - GENERAL
0.00 0.00 0.00 0.00 0.00 57,867.17 TOTAL EXPENDITURES
0.00 0.00 0.00 0.00 0.00 (57,867.17)NET OF REVENUES & EXPENDITURES
0.00 0.00 0.00 0.00 0.00 57,867.17 TOTAL EXPENDITURES0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES
Fund 902 - GENERAL LONG-TERM DEBT:
Treasurer's ReportPage 27 of 51
*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.
REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 22/22Page:01/13/2020 09:54 AMUser: MICHELLEDB: Clare
PERIOD ENDING 12/31/2019% Fiscal Year Completed: 50.27
% BDGTUSED
AVAILABLEBALANCE
NORM (ABNORM)
ACTIVITY FORMONTH 12/31/19
INCR (DECR)
YTD BALANCE12/31/2019
NORM (ABNORM)2019-20
AMENDED BUDGET
END BALANCE06/30/2019
NORM (ABNORM)DESCRIPTIONACCOUNT
Fund 934 - GASB ACCRUALS0.00 0.00 0.00 0.00 0.00 43,829.00 000.000 - GENERAL0.00 0.00 0.00 0.00 0.00 (5,284.00) 101.000 - CITY COMMISSION0.00 0.00 0.00 0.00 0.00 (7,800.00) 301.000 - POLICE0.00 0.00 0.00 0.00 0.00 (16,684.00) 441.000 - DEPARTMENT OF PUBLIC WORKS0.00 0.00 0.00 0.00 0.00 (15,300.00) 590.000 - GASB 34 - SEWER0.00 0.00 0.00 0.00 0.00 (11,275.00) 591.000 - GASB 34 - WATER0.00 0.00 0.00 0.00 0.00 (4,136.00) 751.001 - PARKS
0.00 0.00 0.00 0.00 0.00 (16,650.00) TOTAL REVENUES
0.00 0.00 0.00 0.00 0.00 30,968.00 590.000 - GASB 34 - SEWER0.00 0.00 0.00 0.00 0.00 25,338.00 591.000 - GASB 34 - WATER
0.00 0.00 0.00 0.00 0.00 56,306.00 TOTAL EXPENDITURES
0.00 0.00 0.00 0.00 0.00 (72,956.00)NET OF REVENUES & EXPENDITURES
0.00 0.00 0.00 0.00 0.00 56,306.00 TOTAL EXPENDITURES0.00 0.00 0.00 0.00 0.00 (16,650.00)TOTAL REVENUES
Fund 934 - GASB ACCRUALS:
685.60 (1,142,827.32)(50,298.20)997,355.97 (145,471.35)(381,019.18)NET OF REVENUES & EXPENDITURES
43.03 5,776,981.10 1,168,817.15 4,362,873.92 10,139,855.02 7,292,401.38 TOTAL EXPENDITURES - ALL FUNDS53.63 4,634,153.78 1,118,518.95 5,360,229.89 9,994,383.67 6,911,382.20 TOTAL REVENUES - ALL FUNDS
Treasurer's ReportPage 28 of 51
City of Clare
Comparative Balance Sheet
Prepared as of
December 31, 2019
Treasurer's ReportPage 29 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 1/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 101 GENERAL FUND
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
549,344.27 108,391.89 CASH101-000.000-001.000550.00 350.00 CASH ON HAND101-000.000-001.002100.00 100.00 PETTY CASH101-000.000-001.003
1,000.00 1,000.00 ACH RECEIPT ACCT101-000.000-001.00974,536.78 74,242.43 CASH - MERCANTILE101-000.000-002.001200,000.00 510,000.00 CERTIFICATES OF DEPOSIT/ REPURCHASE AGR.101-000.000-003.00015,153.37 30,439.73 ACCOUNTS RECEIVABLE101-000.000-040.00014,201.54 14,059.21 A/R UTILITIES101-000.000-043.000
407.00 (50.00)ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS101-000.000-043.001158.08 111.96 DUE FROM TAX FUND101-000.000-084.703
2,988.95 3,963.46 INVENTORY101-000.000-111.00014,403.93 22,822.89 INVENTORY - AIRPORT FUEL101-000.000-111.001
(6.00)0.00 PREPAID SALES TAX - AVIATION FUEL101-000.000-123.537
872,837.92 765,431.57 Total Assets
*** Liabilities ***
106.53 210.00 DUE TO COUNTY- TR FEES101-000.000-214.222426.01 840.00 DUE TO COUNTY - SCHOOL TR FEES101-000.000-214.225285.81 217.96 DUE TO STATE OF MICHIGAN - AIRPORT101-000.000-228.000
3.41 0.00 DUE TO THE STATE OF MICHIGAN - BAGS101-000.000-228.101290.00 290.00 UNDISTRIBUTED RECEIPTS101-000.000-273.000
1,111.76 1,557.96 Total Liabilities
*** Fund Balance ***
206,885.34 317,732.39 FISCAL FUND BALANCE101-000.000-391.000
206,885.34 317,732.39 Total Fund Balance
206,885.34 317,732.39 Beginning Fund Balance
664,840.82 446,141.22 Net of Revenues VS Expenditures871,726.16 763,873.61 Ending Fund Balance872,837.92 765,431.57 Total Liabilities And Fund Balance
Treasurer's ReportPage 30 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 2/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 150 CEMETERY PERPETUAL CARE
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
24,907.89 17,951.88 CASH150-000.000-001.000275,000.00 275,000.00 REPURCHASE AGREEMENTS150-000.000-003.000
299,907.89 292,951.88 Total Assets
*** Liabilities ***
0.00 0.00 Total Liabilities
*** Fund Balance ***
7,574.76 7,085.04 FUND BALANCE150-000.000-390.000287,664.77 280,364.77 NONEXPENDABLE FUND BALANCE150-000.000-390.001
295,239.53 287,449.81 Total Fund Balance
295,239.53 287,449.81 Beginning Fund Balance
4,668.36 5,502.07 Net of Revenues VS Expenditures299,907.89 292,951.88 Ending Fund Balance299,907.89 292,951.88 Total Liabilities And Fund Balance
Treasurer's ReportPage 31 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 3/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 202 MAJOR STREETS
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
31,764.78 13,827.51 CASH202-000.000-001.000170,000.00 130,000.00 REPURCHASE AGREEMENTS202-000.000-003.000
201,764.78 143,827.51 Total Assets
*** Liabilities ***
0.00 0.00 Total Liabilities
*** Fund Balance ***
254,743.31 182,727.21 FISCAL FUND BALANCE202-000.000-391.000
254,743.31 182,727.21 Total Fund Balance
254,743.31 182,727.21 Beginning Fund Balance
(52,978.53)(38,899.70)Net of Revenues VS Expenditures201,764.78 143,827.51 Ending Fund Balance201,764.78 143,827.51 Total Liabilities And Fund Balance
Treasurer's ReportPage 32 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 4/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 203 LOCAL STS FUND
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
13,927.16 32,608.35 CASH203-000.000-001.0005,000.00 0.00 REPURCHASE AGREEMENTS203-000.000-003.0001,542.27 3,342.65 SPECIAL ASSESSMENTS RECEIVABLE203-000.000-045.000
20,469.43 35,951.00 Total Assets
*** Liabilities ***
1,542.27 3,342.65 DEFERRED REVENUES203-000.000-339.000
1,542.27 3,342.65 Total Liabilities
*** Fund Balance ***
59,007.83 32,368.09 FISCAL FUND BALANCE203-000.000-391.000
59,007.83 32,368.09 Total Fund Balance
0.00 1.00 Fund Balance Adjustments
59,007.83 32,368.09 Beginning Fund Balance
(40,080.67)240.26 Net of Revenues VS Expenditures
18,927.16 32,609.35 Ending Fund Balance20,469.43 35,951.00 Total Liabilities And Fund Balance
Treasurer's ReportPage 33 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 5/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 204 MUNICIPAL STREET FUND
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
23,065.38 43,800.86 CASH204-000.000-001.000200,000.00 0.00 CERTIFICATES OF DEPOSIT/ REPURCHASE AGR.204-000.000-003.000
223,065.38 43,800.86 Total Assets
*** Liabilities ***
0.00 0.00 Total Liabilities
*** Fund Balance ***
32,240.27 19,648.54 FISCAL FUND BALANCE204-000.000-391.000
32,240.27 19,648.54 Total Fund Balance
0.00 (1.00)Fund Balance Adjustments
32,240.27 19,648.54 Beginning Fund Balance
190,825.11 24,152.32 Net of Revenues VS Expenditures
223,065.38 43,799.86 Ending Fund Balance223,065.38 43,800.86 Total Liabilities And Fund Balance
Treasurer's ReportPage 34 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 6/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 206 FIRE FUND
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
47,718.27 46,820.90 CASH206-000.000-001.000325,000.00 300,000.00 REPURCHASE AGREEMENTS206-000.000-003.000
1,275.50 2,144.00 ACCOUNTS RECEIVABLE206-000.000-040.0001,903.00 444.33 ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS206-000.000-043.001
253.10 1,309.74 INVENTORY206-000.000-111.000
376,149.87 350,718.97 Total Assets
*** Liabilities ***
87,935.79 86,519.12 DEFERRED REVENUES206-000.000-339.000
87,935.79 86,519.12 Total Liabilities
*** Fund Balance ***
321,948.51 314,211.32 FISCAL FUND BALANCE206-000.000-391.000
321,948.51 314,211.32 Total Fund Balance
0.00 (1.00)Fund Balance Adjustments
321,948.51 314,211.32 Beginning Fund Balance
(33,734.43)(50,011.47)Net of Revenues VS Expenditures
288,214.08 264,198.85 Ending Fund Balance376,149.87 350,718.97 Total Liabilities And Fund Balance
Treasurer's ReportPage 35 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 7/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 208 PARKS AND RECREATION
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
59,547.41 12,647.27 CASH208-000.000-001.00075,000.00 0.00 CERTIFICATES OF DEPOSIT/ REPURCHASE AGR.208-000.000-003.000
0.00 14,850.00 SPECIAL ASSESSMENTS RECEIVABLE208-000.000-045.000
134,547.41 27,497.27 Total Assets
*** Liabilities ***
375.00 325.00 DEPOSITS PAYABLE - PARK RENTALS208-000.000-283.0000.00 14,850.00 DEFERRED REVENUES208-000.000-339.000
375.00 15,175.00 Total Liabilities
*** Fund Balance ***
9,173.10 43,413.52 FUND BALANCE208-000.000-390.000
9,173.10 43,413.52 Total Fund Balance
9,173.10 43,413.52 Beginning Fund Balance
124,999.31 (31,091.25)Net of Revenues VS Expenditures134,172.41 12,322.27 Ending Fund Balance134,547.41 27,497.27 Total Liabilities And Fund Balance
Treasurer's ReportPage 36 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 8/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 210 DDA(DOWNTOWN DVLPMT AUTHORITY)
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
83,138.37 27,025.98 CASH210-000.000-001.0000.00 2,252.69 ACCOUNTS RECEIVABLE210-000.000-040.000
83,138.37 29,278.67 Total Assets
*** Liabilities ***
0.00 0.00 Total Liabilities
*** Fund Balance ***
39,055.36 28,136.21 FISCAL FUND BALANCE210-000.000-391.000
39,055.36 28,136.21 Total Fund Balance
39,055.36 28,136.21 Beginning Fund Balance
44,083.01 1,142.46 Net of Revenues VS Expenditures83,138.37 29,278.67 Ending Fund Balance83,138.37 29,278.67 Total Liabilities And Fund Balance
Treasurer's ReportPage 37 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 9/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 211 SIDEWALK REPLACEMENT FUND
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
0.00 343.47 CASH211-000.000-001.000
0.00 343.47 Total Assets
*** Liabilities ***
0.00 0.00 Total Liabilities
*** Fund Balance ***
0.00 345.95 FUND BALANCE211-000.000-390.000
0.00 345.95 Total Fund Balance
0.00 (2.00)Fund Balance Adjustments
0.00 345.95 Beginning Fund Balance
0.00 (2.48)Net of Revenues VS Expenditures
0.00 341.47 Ending Fund Balance0.00 343.47 Total Liabilities And Fund Balance
Treasurer's ReportPage 38 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 10/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 243 BROWNFIELD REDEVELOPMENT AUTHORITY FUND
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
4,621.72 4,601.92 CASH243-000.000-001.000
4,621.72 4,601.92 Total Assets
*** Liabilities ***
0.00 0.00 Total Liabilities
*** Fund Balance ***
4,609.07 4,599.84 FUND BALANCE243-000.000-390.000
4,609.07 4,599.84 Total Fund Balance
4,609.07 4,599.84 Beginning Fund Balance
12.65 2.08 Net of Revenues VS Expenditures4,621.72 4,601.92 Ending Fund Balance4,621.72 4,601.92 Total Liabilities And Fund Balance
Treasurer's ReportPage 39 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 11/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 265 DRUG LAW ENFORCEMENT FUND
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
1,991.04 1,254.53 CASH265-000.000-001.000
1,991.04 1,254.53 Total Assets
*** Liabilities ***
0.00 0.00 Total Liabilities
*** Fund Balance ***
2,245.32 1,440.90 FUND BALANCE265-000.000-390.000
2,245.32 1,440.90 Total Fund Balance
2,245.32 1,440.90 Beginning Fund Balance
(254.28)(186.37)Net of Revenues VS Expenditures1,991.04 1,254.53 Ending Fund Balance1,991.04 1,254.53 Total Liabilities And Fund Balance
Treasurer's ReportPage 40 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 12/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 287 POLICE TRAINING 302 FUND
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
1,718.87 3,245.85 CASH287-000.000-001.000
1,718.87 3,245.85 Total Assets
*** Liabilities ***
0.00 0.00 Total Liabilities
*** Fund Balance ***
1,718.87 3,245.85 FISCAL FUND BALANCE287-000.000-391.000
1,718.87 3,245.85 Total Fund Balance
1,718.87 3,245.85 Beginning Fund Balance
0.00 0.00 Net of Revenues VS Expenditures1,718.87 3,245.85 Ending Fund Balance1,718.87 3,245.85 Total Liabilities And Fund Balance
Treasurer's ReportPage 41 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 13/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 590 SEWER SYSTEM FUND
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
484,457.96 35,509.13 CASH590-000.000-001.00081,730.51 70,912.55 CASH - 2012 USDA BOND RESERVE ACCT590-000.000-001.01270,602.96 61,278.27 CASH - 2012 USDA BOND RRI ACCT590-000.000-001.0137,154.10 5,627.13 2014 USDA SEWER BOND PMT RESERVE ACCOUNT590-000.000-001.014
22,430.55 17,643.00 2014 USDA SEWER BOND RRI RESERVE ACCOUNT590-000.000-001.015100,000.00 465,000.00 REPURCHASE AGREEMENTS590-000.000-003.000
500.00 500.00 A/R TO TAXES590-000.000-034.00012,108.75 0.00 ACCOUNTS RECEIVABLE590-000.000-040.00044,462.40 59,556.38 A/R UTILITIES590-000.000-043.000(1,200.00)(1,500.00)ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS590-000.000-043.0012,772.61 2,929.77 SPECIAL ASSESSMENTS RECEIVABLE590-000.000-045.000
44,163.59 41,268.22 INVENTORY590-000.000-111.00010,756.50 10,756.50 LAND590-000.000-130.000425,546.53 412,516.37 LAND IMPROVEMENTS590-000.000-132.000
(383,593.70)(380,975.55)ACCUMULATED DEPRECIATION - LAND IMPROVEM590-000.000-133.0004,940,381.44 4,926,614.44 BUILDINGS, ADDITIONS, ETC.590-000.000-136.000
(3,621,263.81)(3,539,862.64)ACCUMULATED DEPRECIATION-BUILDINGS590-000.000-137.0001,900,005.08 1,885,810.08 EQUIPMENT590-000.000-138.000(782,822.49)(722,507.29)ACCUMULATED DEPRECIATION - EQUIPMENT590-000.000-145.000
17,002.77 17,002.77 OFFICE EQUIPMENT AND FURNITURE590-000.000-146.000(17,002.77)(17,002.77)ACCUMULATED DEPR. - OFFICE EQUIPMENT590-000.000-147.000
1,424,188.64 1,424,188.64 SEWER SYSTEM - LAGOONS590-000.000-154.0014,962,942.38 4,954,942.38 SEWER SYSTEM - COLLECTION590-000.000-154.002
(3,221,661.09)(3,073,325.51)ACCUMULATED DEPR. - SEWER SYSTEM590-000.000-155.0000.00 4,471.00 CONSTRUCTION IN PROGRESS590-000.000-158.000
6,523,662.91 6,661,352.87 Total Assets
*** Liabilities ***
11,677.72 12,149.60 ACCRUED INT PAYABLE590-000.000-256.000(2,878.25)(2,728.25)DUE TO SEWER CUSTOMERS590-000.000-276.00016,750.00 17,900.00 SECURITY DEPOSITS590-000.000-285.000
2,298,953.69 2,345,953.69 2011 USDA RURAL DEVELOPMENT BONDS590-000.000-306.00075,000.00 100,000.00 2012 REFUNDING BONDS - SEWER SYSTEM590-000.000-312.000313,000.00 318,000.00 2014 RURAL DEVELOPMENT BONDING590-000.000-314.000
2,712,503.16 2,791,275.04 Total Liabilities
*** Fund Balance ***
3,593,869.14 3,723,983.28 NET ASSETS590-000.000-391.00081,524.81 70,905.41 BOND RESERVE - 2011 RURAL DEV BOND PMT590-000.000-391.00270,425.27 61,272.09 BOND RESERVE - 2011 RURAL DEV - RRI590-000.000-391.0037,136.09 5,626.56 BOND RESERVE - 2015 RURAL DEV BOND PMT590-000.000-391.004
22,374.10 17,641.22 BOND RESERVE - 2015 RURAL DEV RRI590-000.000-391.005
3,775,329.41 3,879,428.56 Total Fund Balance
0.00 (2.00)Fund Balance Adjustments
3,775,329.41 3,879,428.56 Beginning Fund Balance
35,830.34 (9,350.73)Net of Revenues VS Expenditures
3,811,159.75 3,870,075.83 Ending Fund Balance6,523,662.91 6,661,352.87 Total Liabilities And Fund Balance
Treasurer's ReportPage 42 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 14/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 591 WATER SYSTEM FUND
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
106,497.24 38,479.40 CASH591-000.000-001.00011,923.50 9,378.55 2014 USDA WATER BOND PMT RESERVE ACCOUNT591-000.000-001.01620,517.95 16,138.60 2014 USDA WATER BOND RRI RESERVE ACCOUNT591-000.000-001.0171,052.02 0.00 2019 WATER PLANT PROJECT CASH591-000.000-001.018
150,000.00 170,000.00 CERTIFICATES OF DEPOSIT/ REPURCHASE AGR.591-000.000-003.00018,388.00 1,112.50 ACCOUNTS RECEIVABLE591-000.000-040.00029,875.69 34,900.33 A/R UTILITIES591-000.000-043.000
(225.00)(600.00)ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS591-000.000-043.0016,290.40 5,866.40 INVENTORY591-000.000-111.000
42,632.25 42,632.25 LAND591-000.000-130.000454,584.99 454,584.99 BUILDING, ADDITIONS AND IMPROVEMENTS591-000.000-136.000
(403,076.05)(400,580.77)ACCUMULATED DEPRECIATION-BUILDINGS591-000.000-137.00017,852.84 17,852.84 EQUIPMENT591-000.000-138.000(17,852.84)(17,852.84)ACCUMULATED DEPR. - EQUIPMENT591-000.000-145.000866,968.03 819,068.03 WATER SYSTEM - WELLS591-000.000-152.001143,787.93 143,787.93 WATER SYSTEM - PUMPING591-000.000-152.003973,376.91 973,376.91 WATER SYSTEM - STANDPIPES591-000.000-152.004
1,723,811.85 1,618,522.85 WATER SYSTEM - MAINS591-000.000-152.0052,049,326.70 2,049,326.70 WATER SYSTEM - TRANSMISSION591-000.000-152.007
(2,039,005.39)(1,906,842.98)ACCUMULATED DEPR. WATER SYSTEM591-000.000-153.000101,302.37 34,181.04 CONSTRUCTION IN PROGRESS591-000.000-158.000
4,258,029.39 4,103,332.73 Total Assets
*** Liabilities ***
2,863.12 3,147.29 ACCRUED INT PAYABLE591-000.000-256.000(2,517.58)(2,517.58)DUE TO WATER CUSTOMERS591-000.000-276.00085,000.00 115,000.00 2012 REFUNDING BONDS - WATER SYSTEM591-000.000-312.000523,000.00 531,000.00 2014 RURAL DEVELOPMENT BONDING591-000.000-314.000
608,345.54 646,629.71 Total Liabilities
*** Fund Balance ***
3,503,590.93 3,513,659.60 NET ASSETS591-000.000-391.00011,893.49 9,377.61 BOND RESERVE - 2015 RURAL DEV BOND PMT591-000.000-391.00420,466.31 16,136.98 BOND RESERVE - 2015 RURAL DEV RRI591-000.000-391.005
3,535,950.73 3,539,174.19 Total Fund Balance
3,535,950.73 3,539,174.19 Beginning Fund Balance
113,733.12 (82,471.17)Net of Revenues VS Expenditures3,649,683.85 3,456,703.02 Ending Fund Balance4,258,029.39 4,103,332.73 Total Liabilities And Fund Balance
Treasurer's ReportPage 43 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 15/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 636 DATA PROCESSING
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
16,212.02 17,370.86 CASH636-000.000-001.0000.00 30,000.00 CERTIFICATES OF DEPOSIT/ REPURCHASE AGR.636-000.000-003.000
400,917.10 400,917.10 OFFICE EQUIPMENT AND FURNITURE636-000.000-146.000(372,317.31)(363,766.55)ACCUMULATED DEPR. - OFFICE EQUIPMENT636-000.000-147.000
44,811.81 84,521.41 Total Assets
*** Liabilities ***
0.00 0.00 Total Liabilities
*** Fund Balance ***
97,595.56 67,732.34 NET ASSETS636-000.000-391.000
97,595.56 67,732.34 Total Fund Balance
0.00 (1.00)Fund Balance Adjustments
97,595.56 67,732.34 Beginning Fund Balance
(52,783.75)16,789.07 Net of Revenues VS Expenditures
44,811.81 84,520.41 Ending Fund Balance44,811.81 84,521.41 Total Liabilities And Fund Balance
Treasurer's ReportPage 44 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 16/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 641 MOBILE EQUIPMENT
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
39,283.81 12,709.40 CASH641-000.000-001.0000.00 20,000.00 CERTIFICATES OF DEPOSIT/ REPURCHASE AGR.641-000.000-003.000
1,069.87 922.59 A/R UTILITIES641-000.000-043.000(20.00)(50.00)ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS641-000.000-043.001
1,907.00 2,075.66 INVENTORY - STREET ROAD SALT641-000.000-109.00016.02 400.50 INVENTORY - STREET COLD PATCH641-000.000-109.001
31,232.03 29,758.02 INVENTORY641-000.000-111.00085,000.00 85,000.00 LAND641-000.000-130.000667,283.12 667,283.12 BUILDING, ADDITIONS AND IMPROVEMENTS641-000.000-136.000
(520,756.00)(498,364.04)ACCUMULATED DEPRECIATION-BUILDINGS641-000.000-137.000595,431.64 578,551.64 EQUIPMENT641-000.000-138.00016,787.52 16,787.52 OTHER EQUIPMENT641-000.000-139.000
(582,704.70)(578,859.11)ACCUMULATED DEPR. - EQUIPMENT641-000.000-145.0001,272,083.39 1,176,699.39 VEHICLES - DPW641-000.000-148.000
204,559.47 204,559.47 VEHICLES - POLICE641-000.000-148.001(1,016,589.08)(1,049,860.31)ACCUMULATED DEPRECIATION - VEHICLES641-000.000-149.000
794,584.09 667,613.85 Total Assets
*** Liabilities ***
0.00 (272.56)ACCTS PAYABLE641-000.000-202.000
0.00 (272.56)Total Liabilities
*** Fund Balance ***
796,389.18 671,630.45 NET ASSETS641-000.000-391.000
796,389.18 671,630.45 Total Fund Balance
0.00 (114,999.00)Fund Balance Adjustments
796,389.18 671,630.45 Beginning Fund Balance
(1,805.09)(3,744.04)Net of Revenues VS Expenditures
794,584.09 552,887.41 Ending Fund Balance794,584.09 667,613.85 Total Liabilities And Fund Balance
Treasurer's ReportPage 45 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 17/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 703 PROPERTY TAX FUND
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
356,109.29 535,979.50 CASH703-000.000-001.000297,481.82 211,818.12 TAXES RECEIVABLE - SUMMER703-000.000-018.000
1,277,979.43 1,232,149.68 TAXES RECEIVABLE - WINTER703-000.000-019.000
1,931,570.54 1,979,947.30 Total Assets
*** Liabilities ***
195,193.58 156,747.46 DUE TO GENERAL FUND703-000.000-214.101673.37 401.38 DUE TO LOCAL STREET FUND703-000.000-214.203
22,691.18 17,857.45 DUE TO MUNICIPAL STREETS703-000.000-214.2045,648.83 5,244.00 DUE TO PARKS FUND703-000.000-214.2082,929.95 821.00 DUE TO SEWER FUND703-000.000-214.5901,030.35 336.52 DUE TO WATER FUND703-000.000-214.591
99.67 37.39 DUE TO MOBILE EQUIPMENT703-000.000-214.64115,553.56 16,583.42 DUE TO COMPONENT UNIT - DDA703-000.000-215.001(2,051.04)0.00 DUE TO COMPONENT UNIT - LDFA703-000.000-215.002461,944.91 482,976.76 DUE TO CLARE COUNTY703-000.000-222.00159,626.27 69,701.98 DUE TO ISABELLA COUNTY703-000.000-222.0027,479.85 5,882.27 DUE TO LIBRARY - PMDL703-000.000-223.000
1,149,200.67 1,212,344.13 DUE TO CLARE PUBLIC SCHOOLS703-000.000-225.0004,248.55 2,860.50 DUE TO STATE OF MICHIGAN703-000.000-228.0006,213.52 7,997.25 DUE TO ISABELLA COUNTY TRANSIT703-000.000-230.001
584.49 62.59 UNDISTRIBUTED TAX COLLECTIONS703-000.000-274.000502.83 93.20 DUE TO TAXPAYERS (OVERPAYMENT REFUNDS)703-000.000-276.000
1,931,570.54 1,979,947.30 Total Liabilities
*** Fund Balance ***
0.00 0.00 Total Fund Balance
0.00 0.00 Beginning Fund Balance
0.00 0.00 Net of Revenues VS Expenditures0.00 0.00 Ending Fund Balance
1,931,570.54 1,979,947.30 Total Liabilities And Fund Balance
Treasurer's ReportPage 46 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 18/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 704 IMPREST PAYROLL FUND
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
4,893.55 (7,212.17)CASH704-000.000-001.000
4,893.55 (7,212.17)Total Assets
*** Liabilities ***
5,102.40 4,971.66 DUE TO STATE OF MICHIGAN704-000.000-228.0000.00 (438.12)DUE TO FEDERAL GOV'T704-000.000-229.000
478.67 392.58 AFLAC PAYABLE704-000.000-231.00130,539.94 26,786.50 MERS PAYABLE704-000.000-231.002(31,465.15)(38,998.27)BLUE CROSS PAYABLE704-000.000-231.003
(742.00)(736.00)TEAMSTERS PAYABLE704-000.000-231.005979.69 809.48 DEFERRED COMP PAYABLE - MERS 457704-000.000-231.015
4,893.55 (7,212.17)Total Liabilities
0.00 0.00 Beginning Fund Balance
0.00 0.00 Net of Revenues VS Expenditures0.00 0.00 Ending Fund Balance
4,893.55 (7,212.17)Total Liabilities And Fund Balance
Treasurer's ReportPage 47 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 19/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 765 HATTON TOWNSHIP LANDFILL TRUST FUND
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
205,088.28 203,048.51 CERTIFICATES OF DEPOSIT765-000.000-003.000
205,088.28 203,048.51 Total Assets
*** Liabilities ***
0.00 0.00 Total Liabilities
*** Fund Balance ***
205,088.28 203,048.51 FUND BALANCE765-000.000-390.000
205,088.28 203,048.51 Total Fund Balance
0.00 (1.00)Fund Balance Adjustments
205,088.28 203,048.51 Beginning Fund Balance
0.00 0.00 Net of Revenues VS Expenditures
205,088.28 203,047.51 Ending Fund Balance205,088.28 203,048.51 Total Liabilities And Fund Balance
Treasurer's ReportPage 48 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 20/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 901 GENERAL FIXED ASSETS
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
3,298,274.88 3,306,074.88 LAND - GFA, GENERAL FUND901-000.000-130.1015,675.00 5,675.00 LAND - GFA, FIRE DEPARTMENT901-000.000-130.206
990,849.24 990,849.24 LAND - GFA, PARKS & RECREATION901-000.000-130.208108,126.20 108,126.20 LAND - DDA901-000.000-130.210
1,475,684.82 1,475,684.82 LAND IMPROVEMENTS - GFA, GENERAL FUND901-000.000-132.1011,140,745.40 1,140,745.40 ROAD IMPROVEMENTS - MAJOR STREETS901-000.000-132.202
673,006.14 664,269.14 ROAD IMPROVEMENTS - LOCAL STREETS901-000.000-132.203466,402.30 227,734.86 ROAD IMPROVEMENTS - MUNICIPAL STREETS901-000.000-132.204
1,257,577.27 1,257,577.27 LAND IMPROVEMENTS - GFA, PARKS AND REC.901-000.000-132.208490,632.76 456,071.51 LAND IMPROVEMENTS - DDA901-000.000-132.210164,130.19 164,130.19 SIDEWALK IMPROVEMENTS901-000.000-132.21194,016.27 94,016.27 LAND IMPROV - LDFA901-000.000-132.214
(958,046.58)(767,466.71)ACCUMULATED DEPRECIATION - LAND IMPROVEM901-000.000-133.000(283,859.55)(259,743.71)ACCUM DEPR - LAND IMPROV - DDA901-000.000-133.210(40,934.29)(36,787.65)ACCUM DEPR - LAND IMPROV - LDFA901-000.000-133.214
1,774,127.03 1,774,127.03 BUILDINGS, ETC. - GFA, GENERAL FUND901-000.000-136.101461,759.56 461,759.56 BUILDINGS, ETC. - GFA, FIRE DEPARTMENT901-000.000-136.206360,896.42 360,896.42 BUILDINGS, ETC. - PARKS & RECREATION901-000.000-136.208
(1,313,173.56)(1,244,268.84)ACCUMULATED DEPRECIATION-BUILDINGS901-000.000-137.000403,289.75 380,994.99 EQUIPMENT - GFA, GENERAL FUND901-000.000-138.101703,257.46 678,873.39 EQUIPMENT - GFA, FIRE DEPARTMENT901-000.000-138.206173,322.77 130,822.77 EQUIPMENT - GFA, PARKS & RECREATION901-000.000-138.208138,200.00 138,200.00 EQUIPMENT - DDA901-000.000-138.210
(852,814.53)(797,503.01)ACCUMULATED DEPRECIATION-EQUIPMENT901-000.000-138.500(138,200.00)(138,200.00)ACCUM DEPR - EQUIP (DDA)901-000.000-139.210
1,269.00 1,269.00 OFFICE EQUIPMENT - GFA, FIRE DEPARTMENT901-000.000-146.206(1,269.00)(1,269.00)ACCUMULATED DEPR. - OFFICE EQUIPMENT901-000.000-147.000
1,259,664.47 1,259,664.47 VEHICLES - FIRE DEPARTMENT901-000.000-148.206(603,327.79)(540,299.55)ACCUMULATED DEPRECIATION - VEHICLES901-000.000-149.000
2,560,400.39 2,453,343.42 CONSTRUCTION IN PROGRESS901-000.000-158.000
13,809,682.02 13,745,367.36 Total Assets
*** Liabilities ***
0.00 0.00 Total Liabilities
*** Fund Balance ***
4,402,925.32 4,410,725.32 INVESTMENT IN LAND901-000.000-130.3997,112,213.58 6,723,191.27 INVESTMENT IN LAND IMPROVEMENTS901-000.000-132.3991,997,055.99 1,997,055.71 INVESTMENT IN BUILDINGS, ETC.901-000.000-136.399
594,906.45 505,727.14 INVESTMENT IN EQUIPMENT901-000.000-138.399852,009.68 852,008.92 INVESTMENT IN VEHICLES901-000.000-148.399
(1,149,429.00)(743,341.00)FISCAL FUND BALANCE901-000.000-391.000
13,809,682.02 13,745,367.36 Total Fund Balance
0.00 470,402.66 Fund Balance Adjustments
13,809,682.02 13,745,367.36 Beginning Fund Balance
0.00 0.00 Net of Revenues VS Expenditures
13,809,682.02 14,215,770.02 Ending Fund Balance13,809,682.02 13,745,367.36 Total Liabilities And Fund Balance
Treasurer's ReportPage 49 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 21/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 902 GENERAL LONG-TERM DEBT
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
1,513,000.00 1,513,000.00 AMOUNT TO BE PROVIDED - LTD902-000.000-186.000
1,513,000.00 1,513,000.00 Total Assets
*** Liabilities ***
25,882.99 27,557.54 ACCRUED INT PAYABLE902-000.000-256.0001,477.75 1,669.00 ACCRUED INT PAYABLE902-000.000-256.210
200,000.00 227,000.00 2006 DDA BOND902-000.000-306.001485,000.00 520,000.00 2012 REFUNDING BONDS -PUBLIC SAFETY BLDG902-000.000-312.00073,101.58 90,228.22 SOCCER COMPLEX LOAN PAYABLE902-000.000-313.000511,000.00 523,000.00 NORTH INFRASTRUCTURE DEBT902-000.000-315.000396,723.92 427,757.90 2015 HP E-ONE 78' AERIAL902-000.000-318.000104,477.01 113,183.42 2016 LED STREET/SIDEWALK LIGHT FIXTURES902-000.000-319.000319,000.00 332,000.00 2016 SOUTH REC COMPLEX902-000.000-320.000103,500.00 115,000.00 2018 FREIGHTLINER DUMP TRUCK902-000.000-321.000215,100.00 0.00 2017 ELGIN STREETSWEEPER902-000.000-322.000
2,435,263.25 2,377,396.08 Total Liabilities
*** Fund Balance ***
(922,263.25)(864,396.08)FISCAL FUND BALANCE902-000.000-391.000
(922,263.25)(864,396.08)Total Fund Balance
(922,263.25)(864,396.08)Beginning Fund Balance
0.00 0.00 Net of Revenues VS Expenditures(922,263.25)(864,396.08)Ending Fund Balance
1,513,000.00 1,513,000.00 Total Liabilities And Fund Balance
Treasurer's ReportPage 50 of 51
COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 22/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 934 GASB ACCRUALS
PERIOD ENDED12/31/2019
PERIOD ENDED12/31/2018DescriptionGL Number
*** Assets ***
294,885.00 268,310.00 DUE FROM GOVT ACTIVITIES934-000.000-084.00054,503.00 0.00 DEFERRED OUTFLOWS - SEWER934-000.000-195.59044,593.00 0.00 DEFERRED OUTFLOWS - WATER934-000.000-195.591
393,981.00 268,310.00 Total Assets
*** Liabilities ***
294,885.00 268,310.00 DUE TO BUS TYPE ACTIVITIES934-000.000-214.000415,796.00 0.00 NET PENSION LIABILITY - SEWER934-000.000-334.590340,196.00 0.00 NET PENSION LIABILITIES - WATER934-000.000-334.591(1,543.00)(18,193.00)DEFERRED REVENUES934-000.000-339.00028,302.00 0.00 DEFERRED INFLOWS - SEWER934-000.000-360.59023,157.00 0.00 DEFERRED INFLOWS - WATER934-000.000-360.591
1,100,793.00 250,117.00 Total Liabilities
*** Fund Balance ***
(179,556.00)(179,556.00)FUND BALANCE934-000.000-390.000(527,256.00)197,749.00 FISCAL FUND BALANCE934-000.000-391.000
(706,812.00)18,193.00 Total Fund Balance
0.00 (652,049.00)Fund Balance Adjustments
(706,812.00)18,193.00 Beginning Fund Balance
0.00 0.00 Net of Revenues VS Expenditures
(706,812.00)(633,856.00)Ending Fund Balance393,981.00 268,310.00 Total Liabilities And Fund Balance
Treasurer's ReportPage 51 of 51