To: Mayor Pat Humphrey and the Clare City Commission …€¦ · To: Mayor Pat Humphrey and the Clare City Commission . From: Steven J. Kingsbury, MBA, CPFA, MiCPT . Treasurer, Finance

To: Mayor Pat Humphrey and the Clare City Commission

From: Steven J. Kingsbury, MBA, CPFA, MiCPT

Treasurer, Finance and Technology Director

Date: November 17, 2017

Reference: Treasurer’s Report for November 20, 2017

Act 51 Road Funding Increased Distributions: In accordance with the road funding

changes implemented by the Michigan Legislature in 2015 and effective January 1, 2017 the

Act 51 Road Funding that is distributed by MDOT has increased. Included for the City

Commission's reference you will find the monthly/annual history of the Act 51 funding

received by the City of Clare for both major and local streets. Within these two spreadsheets

the percentage increase/decrease from the same prior period is also included.

Account Reconciliation Report: All accounts of the City of Clare are in balance as of

October 31, 2017.

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 October 31, 2017.

Revenue and Expenditure Report: Enclosed you will find a Summary Revenue and

Expenditure Report (Unaudited) of the City of Clare prepared as of October 31, 2017.

Balance Sheet: Enclosed you will find a Comparative Balance Sheet (Unaudited) of the

City of Clare prepared as of October 31, 2017.

Treasurer's Report Page 1 of 48

July August September October November December January February March April May June TOTAL

FY2013/14 15,780.18 13,225.92 12,923.12 12,330.25 12,035.83 12,385.29 12,857.74 16,294.21 12,543.79 12,997.53 12,617.62 13,650.28 159,641.76

FY2014/15 15,672.64 13,348.55 13,513.67 12,708.21 11,739.83 12,724.00 13,298.21 17,735.85 13,955.84 14,784.17 12,306.16 15,024.33 166,811.46 -0.7% 0.9% 4.6% 3.1% -2.5% 2.7% 3.4% 8.8% 11.3% 13.7% -2.5% 10.1% 4.5%

FY2015/16 17,523.85 15,106.77 14,495.36 14,855.56 13,497.75 13,368.58 13,646.81 17,876.09 15,112.87 14,585.10 14,223.56 15,312.67 179,604.97 11.8% 13.2% 7.3% 16.9% 15.0% 5.1% 2.6% 0.8% 8.3% -1.3% 15.6% 1.9% 7.7%

FY2016/17 16,239.53 15,153.32 14,604.26 13,460.51 15,378.07 15,309.70 18,331.68 19,906.24 19,245.12 18,943.64 19,936.16 20,012.99 206,521.22 -7.3% 0.3% 0.8% -9.4% 13.9% 14.5% 34.3% 11.4% 27.3% 29.9% 40.2% 30.7% 15.0%

FY2017/18 23,101.50 19,835.62 20,621.98 42.3% 30.9% 41.2%

CITY OF CLAREACT 51 DISTRIBUTIONS RECEIVED

MAJOR STREETS


July August September October November December January February March April May June TOTAL

FY2013/14 7,002.90 5,869.28 5,734.93 5,471.83 5,349.13 5,505.56 5,715.57 7,243.17 5,576.02 5,777.71 5,608.83 6,067.88 70,922.81

FY2014/15 6,965.20 5,932.33 6,005.72 5,647.41 5,217.07 5,654.49 5,647.68 7,532.22 5,927.08 6,278.72 5,226.33 6,380.71 72,414.96 -0.5% 1.1% 4.7% 3.2% -2.5% 2.7% -1.2% 4.0% 6.3% 8.7% -6.8% 5.2% 2.1%

FY2015/16 7,446.01 6,418.93 6,159.13 6,312.19 5,735.25 5,680.33 5,798.55 7,595.57 6,421.92 6,197.66 6,044.03 6,506.51 76,316.08 6.9% 8.2% 2.6% 11.8% 9.9% 0.5% 2.7% 0.8% 8.3% -1.3% 15.6% 2.0% 5.4%

FY2016/17 6,901.90 6,440.31 6,206.95 5,720.85 6,535.85 6,506.91 7,791.31 8,460.53 8,179.54 8,051.41 8,473.24 8,505.90 87,774.70 -7.3% 0.3% 0.8% -9.4% 14.0% 14.6% 34.4% 11.4% 27.4% 29.9% 40.2% 30.7% 15.0%

FY2017/18 9,821.03 8,432.62 8,766.92 42.3% 30.9% 41.2%

CITY OF CLAREACT 51 DISTRIBUTIONS RECEIVED

LOCAL STREETS


Interest Balance Total Total BalanceFinancial Institution/Account Description Rates 10/1/17 Increases Decreases 10/31/17

City of Clare Accounts

Chemical Bank/Consolidated Account 0.100% 491,351.40$ 889,910.99$ 800,022.48$ 581,239.91Chemical Bank/Rural Development Bond & Interest Acct 0.020% 60,396.34 1.03 - 60,397.37Chemical Bank/Rural Development RRI Acct 0.020% 52,214.25 0.89 - 52,215.14Chemical Bank/USDA Sewer Bond Pmt Reserve Acct 0.020% 4,125.94 0.07 - 4,126.01Chemical Bank/USDA Sewer Bond RRI Reserve Acct 0.020% 12,936.28 0.22 - 12,936.50Chemical Bank/USDA Water Bond Pmt Reserve Acct 0.020% 6,876.56 0.12 - 6,876.68Chemical Bank/USDA Water Bond RRI Reserve Acct 0.020% 11,833.22 0.20 - 11,833.42Mercantile/Money Market Account 0.200% 73,904.30 12.96 - 73,917.26Chemical Bank/Current Property Tax Account 0.100% 33,006.92 66,271.41 36,410.44 62,867.89Petty Cash and Cash on Hand N/A 450.00 - - 450.00Chemical Bank/ACH Receipt Acct 0.020% 1,000.00 - - 1,000.00Chemical Bank/Repurchase Agreements 0.80% to 1.30% 2,200,000.00 - 300,000.00 1,900,000.00MMCAA - Fiduciary Account for the Railroad Depot N/A 31,430.61 - - 31,430.61Mercantile/Hatton Township Landfill Trust Fund 0.900% 201,733.33 - - 201,733.33

Total - City of Clare Accounts 3,181,259.15$ 956,197.89$ 1,136,432.92$ 3,001,024.12$

City of Clare Component Unit Accounts

Chemical Bank DDA Account 0.100% 93,525.78 82.63 38,837.35 54,771.06

Total - City of Clare Component Unit Accounts 93,525.78$ 82.63$ 38,837.35$ 54,771.06$

From 10/01/2017 to 10/31/2017 CASH AND INVESTMENT SUMMARY (UNAUDITED) BY BANK

CITY OF CLARE


Investment TransactionalBALANCE TOTAL TOTAL BALANCE Balances Account Balances

FUND DESCRIPTION 10/1/2017 DEBITS CREDITS 10/31/2017 10/31/2017 10/31/2017

101 General Fund 1,099,865.79 365,801.52 501,121.41 964,545.90 730,000.00$ 234,545.90$ 150 Cemetery Perpetual Care 280,544.14 1,550.85 0.00 282,094.99 260,000.00 22,094.99 202 Major Streets 2,098.15 4,287.09 51,196.43 (44,811.19) - (44,811.19) 203 Local Streets (12,484.68) 4,918.25 21,986.22 (29,552.65) - (29,552.65) 204 Municipal Street Fund 121,766.89 2,863.99 0.00 124,630.88 40,000.00 84,630.88 206 Fire Fund 369,392.77 1,085.10 52,447.39 318,030.48 270,000.00 48,030.48 208 Parks and Recreation 190,885.01 180,562.29 191,179.36 180,267.94 15,000.00 165,267.94 210 Downtown Development Authority (DDA) 93,525.78 82.63 38,837.35 54,771.06 - 54,771.06 211 Sidewalk Replacement Fund 340.36 0.02 0.00 340.38 - 340.38 243 Brownfield Redevelopment Authority Fund 4,596.95 0.27 0.00 4,597.22 - 4,597.22 265 Drug Law Enforcement Fund 1,439.99 0.08 0.00 1,440.07 - 1,440.07 287 Police Training 302 Fund 3,245.85 0.00 0.00 3,245.85 3,245.85 590 Sewer System Fund 581,665.17 86,396.52 55,260.21 612,801.48 385,000.00 227,801.48 591 Water System Fund 252,657.09 74,481.43 54,115.63 273,022.89 200,000.00 73,022.89 636 Data Processing Fund 27,208.91 5,401.52 6,390.34 26,220.09 - 26,220.09 641 Mobile Equipment Fund 23,665.69 57,833.02 55,503.90 25,994.81 - 25,994.81 703 Property Tax Fund 33,006.92 66,271.41 36,410.44 62,867.89 - 62,867.89 704 Imprest Payroll Fund (369.18) 104,744.53 110,821.59 (6,446.24) - (6,446.24) 765 Hatton Township Landfill Trust Fund 201,733.33 0.00 0.00 201,733.33 201,733.33 -

TOTAL - ALL FUNDS 3,274,784.93$ 956,280.52$ 1,175,270.27$ 3,055,795.18$ 2,101,733.33$ 954,061.85$

NOTES:

CASH SUMMARY BY FUND FOR THE CITY OF CLARE From 10/01/2017 To 10/31/2017

ALL FUNDS (UNAUDITED) CASH and INVESTMENT ACCOUNTS

Parks and Recreation Fund - balance includes Grant/Donation Funds reserved for the Recreation Complex Well and Irrigation of $5,000.00, the Skate Park of $12,229.08, the Chamber Depot Project of $900.76; South Multi-Purpose Recreation and Youth Sports Complex Bond Proceeds of $132,992.54; and the Depot Restoration Project of $31,430.61.


Summary

Revenue and Expenditure Report

Prepared as of

October 31, 2017


*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.

REVENUE AND EXPENDITURE REPORT FOR CITY OF CLARE 1/19Page:

11/09/2017 11:22 AMUser: MICHELLEDB: Clare

PERIOD ENDING 10/31/2017% Fiscal Year Completed: 33.70

% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)

ACTIVITY FORMONTH 10/31/17

INCR (DECR)

YTD BALANCE10/31/2017

NORM (ABNORM)2017-18

AMENDED BUDGET

END BALANCE06/30/2017

NORM (ABNORM)DESCRIPTIONACCOUNT

Fund 101 - GENERAL FUND47.01 1,815,897.74 118,910.25 1,610,754.37 3,426,652.11 2,691,383.83 000.000-GENERAL29.67 31,650.00 3,350.00 13,350.00 45,000.00 45,000.00 931.000-TRANSFERS IN AND OTHER SOURCES

46.78 1,847,547.74 122,260.25 1,624,104.37 3,471,652.11 2,736,383.83 TOTAL REVENUES

53.32 20,424.41 324.62 23,325.59 43,750.00 41,491.70 101.000-CITY COMMISSION31.27 77,013.44 9,096.97 35,033.00 112,046.44 112,663.58 172.000-CITY MANAGEMENT/ADMINISTRATION27.87 110,574.61 10,731.74 42,729.33 153,303.94 151,564.58 191.000-FISCAL SERVICES30.27 140,316.56 14,254.56 60,905.33 201,221.89 188,472.90 215.000-CLERK2.92 1,546.97 0.00 46.53 1,593.50 835.00 247.000-BOARD OF REVIEW

27.88 75,026.10 6,972.11 29,006.65 104,032.75 100,438.97 257.000-ASSESSOR9.34 7,769.64 652.82 800.36 8,570.00 4,260.19 262.000-ELECTIONS

38.21 42,236.96 9,290.63 26,118.45 68,355.41 82,815.62 265.000-BUILDING AND GROUNDS16.13 37,742.90 2,880.45 7,257.10 45,000.00 37,510.71 266.000-ATTORNEY62.90 31,119.16 10,582.57 52,752.19 83,871.35 75,768.62 276.000-CEMETERY31.91 615,359.72 66,266.04 288,361.61 903,721.33 825,708.10 301.000-POLICE12.38 219.04 7.74 30.96 250.00 6,763.93 371.000-BUILDING INSPECTION DEPARTMENT36.51 30,836.39 3,798.34 17,730.40 48,566.79 59,614.77 441.000-DEPARTMENT OF PUBLIC WORKS0.00 2,500.00 0.00 0.00 2,500.00 6.93 445.000-DRAINS - PUBLIC BENEFIT

40.31 25,800.83 4,404.44 17,423.88 43,224.71 55,908.24 448.000-STREET LIGHTING5.44 52,583.09 2,039.55 3,022.46 55,605.55 35,412.79 526.000-LANDFILL CLOSURE

35.69 124,602.22 17,068.38 69,160.41 193,762.63 211,079.90 528.000-REFUSE COLLECTION/DISPOSAL6.95 1,119,082.06 36,773.70 83,590.87 1,202,672.93 283,917.06 537.000-AIRPORT

49.61 17,385.90 1,250.10 17,114.10 34,500.00 22,863.46 721.000-PLANNING0.00 43,796.74 0.00 0.00 43,796.74 42,804.62 906.000-DEBT SERVICE

163.04 (3,536.41)7,616.68 9,146.16 5,609.75 35,254.82 955.000-NON DEPARTMENTAL65.08 137,557.25 70,000.00 256,387.47 393,944.72 372,095.29 999.000-TRANSFERS (OUT) AND OTHER USES

27.73 2,709,957.58 274,011.44 1,039,942.85 3,749,900.43 2,747,251.78 TOTAL EXPENDITURES

209.94 (862,409.84)(151,751.19)584,161.52 (278,248.32)(10,867.95)NET OF REVENUES & EXPENDITURES

27.73 2,709,957.58 274,011.44 1,039,942.85 3,749,900.43 2,747,251.78 TOTAL EXPENDITURES46.78 1,847,547.74 122,260.25 1,624,104.37 3,471,652.11 2,736,383.83 TOTAL REVENUES

Fund 101 - GENERAL FUND:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 150 - CEMETERY PERPETUAL CARE52.11 4,827.51 1,550.85 5,252.49 10,080.00 12,198.66 000.000-GENERAL

52.11 4,827.51 1,550.85 5,252.49 10,080.00 12,198.66 TOTAL REVENUES

100.00 (400.00)0.00 400.00 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

8.00 4,600.00 0.00 400.00 5,000.00 5,000.00 TOTAL EXPENDITURES

95.52 227.51 1,550.85 4,852.49 5,080.00 7,198.66 NET OF REVENUES & EXPENDITURES

8.00 4,600.00 0.00 400.00 5,000.00 5,000.00 TOTAL EXPENDITURES52.11 4,827.51 1,550.85 5,252.49 10,080.00 12,198.66 TOTAL REVENUES

Fund 150 - CEMETERY PERPETUAL CARE:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 202 - MAJOR STREETS15.27 253,223.06 87.09 45,623.72 298,846.78 263,333.71 000.000-GENERAL

15.27 253,223.06 87.09 45,623.72 298,846.78 263,333.71 TOTAL REVENUES

37.48 3,306.95 419.33 1,982.76 5,289.71 4,515.10 444.000-SIDEWALKS35.69 37,440.21 9,549.75 20,777.89 58,218.10 53,651.77 446.001-STATE TRUNKLINE MAINTENANCE165.35 (53,371.63)33,875.86 135,041.22 81,669.59 139,160.50 449.002-PRESERVATION STREETS28.42 10,164.46 1,985.54 4,035.54 14,200.00 11,645.56 449.003-WINTER MAINTENANCE31.88 11,936.26 1,165.95 5,586.16 17,522.42 14,875.12 449.004-ADMIN, ENGINEERING & RECORD KEEPING0.00 1,125.00 0.00 0.00 1,125.00 0.00 906.000-DEBT SERVICE

56.50 43,500.00 0.00 56,500.00 100,000.00 90,000.00 999.000-TRANSFERS (OUT) AND OTHER USES

80.54 54,101.25 46,996.43 223,923.57 278,024.82 313,848.05 TOTAL EXPENDITURES

856.31 199,121.81 (46,909.34)(178,299.85)20,821.96 (50,514.34)NET OF REVENUES & EXPENDITURES

80.54 54,101.25 46,996.43 223,923.57 278,024.82 313,848.05 TOTAL EXPENDITURES15.27 253,223.06 87.09 45,623.72 298,846.78 263,333.71 TOTAL REVENUES

Fund 202 - MAJOR STREETS:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 203 - LOCAL STS FUND18.69 87,329.72 143.25 20,072.56 107,402.28 96,470.52 000.000-GENERAL56.50 43,500.00 0.00 56,500.00 100,000.00 105,000.00 931.000-TRANSFERS IN AND OTHER SOURCES

36.92 130,829.72 143.25 76,572.56 207,402.28 201,470.52 TOTAL REVENUES

38.24 3,267.08 419.26 2,022.63 5,289.71 4,509.56 444.000-SIDEWALKS32.65 1,650.00 200.00 800.00 2,450.00 115,756.95 449.001-CONSTRUCTION STREETS (INCL. ENG.& ROW)36.23 110,240.20 13,915.50 62,623.58 172,863.78 155,142.08 449.002-PRESERVATION STREETS28.29 7,314.46 1,710.54 2,885.54 10,200.00 5,552.45 449.003-WINTER MAINTENANCE31.74 10,186.23 965.92 4,736.19 14,922.42 8,250.44 449.004-ADMIN, ENGINEERING & RECORD KEEPING100.00 (1,694.38)0.00 1,694.38 0.00 0.00 906.000-DEBT SERVICE


107.99 (133.87)(17,067.97)1,810.24 1,676.37 (87,740.96)NET OF REVENUES & EXPENDITURES


Fund 203 - LOCAL STS FUND:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 204 - MUNICIPAL STREET FUND90.14 24,727.54 2,863.99 226,107.62 250,835.16 0.00 000.000-GENERAL

90.14 24,727.54 2,863.99 226,107.62 250,835.16 0.00 TOTAL REVENUES

35.37 185,463.15 0.00 101,476.74 286,939.89 0.00 449.001-CONSTRUCTION STREETS (INCL. ENG.& ROW)

35.37 185,463.15 0.00 101,476.74 286,939.89 0.00 TOTAL EXPENDITURES

345.19 (160,735.61)2,863.99 124,630.88 (36,104.73)0.00 NET OF REVENUES & EXPENDITURES

35.37 185,463.15 0.00 101,476.74 286,939.89 0.00 TOTAL EXPENDITURES90.14 24,727.54 2,863.99 226,107.62 250,835.16 0.00 TOTAL REVENUES

Fund 204 - MUNICIPAL STREET FUND:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 206 - FIRE FUND11.94 188,162.14 9,342.89 25,513.56 213,675.70 374,635.67 000.000-GENERAL100.00 0.00 0.00 95,583.73 95,583.73 94,160.84 931.000-TRANSFERS IN AND OTHER SOURCES

39.16 188,162.14 9,342.89 121,097.29 309,259.43 468,796.51 TOTAL REVENUES

27.64 195,391.74 8,183.16 74,642.20 270,033.94 242,039.39 336.000-FIRE DEPARTMENT100.00 0.00 44,264.23 44,264.23 44,264.23 82,822.23 906.000-DEBT SERVICE82.17 3,371.50 0.00 15,535.83 18,907.33 21,120.33 999.000-TRANSFERS (OUT) AND OTHER USES


55.73 (10,601.10)(43,104.50)(13,344.97)(23,946.07)122,814.56 NET OF REVENUES & EXPENDITURES

40.35 198,763.24 52,447.39 134,442.26 333,205.50 345,981.95 TOTAL EXPENDITURES39.16 188,162.14 9,342.89 121,097.29 309,259.43 468,796.51 TOTAL REVENUES

Fund 206 - FIRE FUND:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 208 - PARKS AND RECREATION84.33 18,543.08 7,757.29 99,756.24 118,299.32 387,669.86 000.000-GENERAL50.93 132,500.00 70,000.00 137,500.00 270,000.00 575,000.00 931.000-TRANSFERS IN AND OTHER SOURCES

61.10 151,043.08 77,757.29 237,256.24 388,299.32 962,669.86 TOTAL REVENUES

109.05 (23,294.06)27,613.88 280,583.78 257,289.72 542,106.11 751.001-PARKS31.19 62,176.05 8,449.36 28,186.51 90,362.56 83,966.58 751.002-RECREATION168.70 (37,514.34)51,766.12 92,120.54 54,606.20 37,290.25 906.000-DEBT SERVICE36.84 1,263.21 175.00 736.79 2,000.00 2,118.99 955.000-NON DEPARTMENTAL


1,029.95 148,412.22 (10,247.07)(164,371.38)(15,959.16)297,187.93 NET OF REVENUES & EXPENDITURES


Fund 208 - PARKS AND RECREATION:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 210 - DDA(DOWNTOWN DVLPMT AUTHORITY)84.73 13,543.91 82.63 75,138.16 88,682.07 167,061.12 000.000-GENERAL

84.73 13,543.91 82.63 75,138.16 88,682.07 167,061.12 TOTAL REVENUES

30.39 40,025.45 7,259.40 17,474.55 57,500.00 136,411.78 747.001-DDA - OPERATIONS27.72 903.45 24.95 346.55 1,250.00 1,159.93 747.002-DDA - MAINSTREET86.30 5,007.00 31,553.00 31,553.00 36,560.00 36,624.75 906.000-DEBT SERVICE




Fund 210 - DDA(DOWNTOWN DVLPMT AUTHORITY):






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 211 - SIDEWALK REPLACEMENT FUND100.00 (0.10)0.02 0.10 0.00 1.46 000.000-GENERAL

100.00 (0.10)0.02 0.10 0.00 1.46 TOTAL REVENUES

0.00 340.20 0.00 0.00 340.20 500.00 444.000-SIDEWALKS

0.00 340.20 0.00 0.00 340.20 500.00 TOTAL EXPENDITURES

0.03 (340.30)0.02 0.10 (340.20)(498.54)NET OF REVENUES & EXPENDITURES

0.00 340.20 0.00 0.00 340.20 500.00 TOTAL EXPENDITURES100.00 (0.10)0.02 0.10 0.00 1.46 TOTAL REVENUES

Fund 211 - SIDEWALK REPLACEMENT FUND:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 243 - BROWNFIELD REDEVELOPMENT AUTHORITY FUND31.00 2.76 0.27 1.24 4.00 4.66 000.000-GENERAL

31.00 2.76 0.27 1.24 4.00 4.66 TOTAL REVENUES

31.00 2.76 0.27 1.24 4.00 4.66 NET OF REVENUES & EXPENDITURES

0.00 0.00 0.00 0.00 0.00 0.00 TOTAL EXPENDITURES31.00 2.76 0.27 1.24 4.00 4.66 TOTAL REVENUES

Fund 243 - BROWNFIELD REDEVELOPMENT AUTHORITY FUND:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 265 - DRUG LAW ENFORCEMENT FUND14.27 1,714.63 0.08 285.37 2,000.00 1,146.80 000.000-GENERAL

14.27 1,714.63 0.08 285.37 2,000.00 1,146.80 TOTAL REVENUES

0.00 3,322.17 0.00 0.00 3,322.17 0.00 301.000-POLICE

0.00 3,322.17 0.00 0.00 3,322.17 0.00 TOTAL EXPENDITURES

21.58 (1,607.54)0.08 285.37 (1,322.17)1,146.80 NET OF REVENUES & EXPENDITURES

0.00 3,322.17 0.00 0.00 3,322.17 0.00 TOTAL EXPENDITURES14.27 1,714.63 0.08 285.37 2,000.00 1,146.80 TOTAL REVENUES

Fund 265 - DRUG LAW ENFORCEMENT FUND:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 287 - POLICE TRAINING 302 FUND0.00 1,500.00 0.00 0.00 1,500.00 818.00 000.000-GENERAL0.00 0.00 0.00 0.00 0.00 1,253.96 931.000-TRANSFERS IN AND OTHER SOURCES

0.00 1,500.00 0.00 0.00 1,500.00 2,071.96 TOTAL REVENUES

0.00 1,500.00 0.00 0.00 1,500.00 0.00 301.000-POLICE

0.00 1,500.00 0.00 0.00 1,500.00 0.00 TOTAL EXPENDITURES

0.00 0.00 0.00 0.00 0.00 2,071.96 NET OF REVENUES & EXPENDITURES

0.00 1,500.00 0.00 0.00 1,500.00 0.00 TOTAL EXPENDITURES0.00 1,500.00 0.00 0.00 1,500.00 2,071.96 TOTAL REVENUES

Fund 287 - POLICE TRAINING 302 FUND:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 303 - PUBLIC SAFETY BLDG DEBT SERVIC82.17 8,428.75 0.00 38,839.57 47,268.32 52,800.82 931.000-TRANSFERS IN AND OTHER SOURCES

82.17 8,428.75 0.00 38,839.57 47,268.32 52,800.82 TOTAL REVENUES

82.17 8,428.75 0.00 38,839.57 47,268.32 52,800.82 223.000-DEBT SERVICE

82.17 8,428.75 0.00 38,839.57 47,268.32 52,800.82 TOTAL EXPENDITURES

0.00 0.00 0.00 0.00 0.00 0.00 NET OF REVENUES & EXPENDITURES

82.17 8,428.75 0.00 38,839.57 47,268.32 52,800.82 TOTAL EXPENDITURES82.17 8,428.75 0.00 38,839.57 47,268.32 52,800.82 TOTAL REVENUES

Fund 303 - PUBLIC SAFETY BLDG DEBT SERVIC:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 590 - SEWER SYSTEM FUND26.44 671,471.90 81,702.09 241,344.35 912,816.25 904,296.61 000.000-GENERAL

26.44 671,471.90 81,702.09 241,344.35 912,816.25 904,296.61 TOTAL REVENUES

30.66 383,474.48 31,509.43 169,575.08 553,049.56 733,443.04 536.001-SEWER TREATMENT AND PUMPING29.15 152,076.74 16,531.11 62,582.10 214,658.84 165,254.07 536.002-SEWER COLLECTION1.83 97,900.50 0.00 1,827.14 99,727.64 74,899.07 906.000-DEBT SERVICE



11.40 31,345.18 32,836.55 4,035.03 35,380.21 (79,299.57)NET OF REVENUES & EXPENDITURES


Fund 590 - SEWER SYSTEM FUND:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 591 - WATER SYSTEM FUND27.86 577,169.62 96,141.57 222,896.25 800,065.87 726,358.67 000.000-GENERAL0.00 900,000.00 0.00 0.00 900,000.00 0.00 931.000-TRANSFERS IN AND OTHER SOURCES

13.11 1,477,169.62 96,141.57 222,896.25 1,700,065.87 726,358.67 TOTAL REVENUES

7.40 1,238,912.14 19,938.58 98,979.28 1,337,891.42 369,061.53 536.003-TREATMENT, PUMPING AND STORAGE41.47 175,923.34 21,763.08 124,662.54 300,585.88 190,307.16 536.004-WATER DISTRIBUTION21.20 112,987.54 5,892.42 30,395.68 143,383.22 83,708.79 536.005-PRINCIPAL RESPONSIBLE PARTY #13.43 55,257.00 0.00 1,964.54 57,221.54 21,574.23 906.000-DEBT SERVICE


14.02 1,589,755.02 48,419.08 259,327.04 1,849,082.06 674,651.71 TOTAL EXPENDITURES

24.45 (112,585.40)47,722.49 (36,430.79)(149,016.19)51,706.96 NET OF REVENUES & EXPENDITURES

14.02 1,589,755.02 48,419.08 259,327.04 1,849,082.06 674,651.71 TOTAL EXPENDITURES13.11 1,477,169.62 96,141.57 222,896.25 1,700,065.87 726,358.67 TOTAL REVENUES

Fund 591 - WATER SYSTEM FUND:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 636 - DATA PROCESSING33.45 43,395.42 5,401.52 21,814.58 65,210.00 60,483.41 000.000-GENERAL

33.45 43,395.42 5,401.52 21,814.58 65,210.00 60,483.41 TOTAL REVENUES

24.46 46,118.55 5,465.34 14,931.45 61,050.00 51,077.03 228.000-DATA PROCESSING, INFORMATION TECHNOLOGY33.41 7,325.00 925.00 3,675.00 11,000.00 11,000.00 999.000-TRANSFERS (OUT) AND OTHER USES


46.90 (10,048.13)(988.82)3,208.13 (6,840.00)(1,593.62)NET OF REVENUES & EXPENDITURES


Fund 636 - DATA PROCESSING:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 641 - MOBILE EQUIPMENT38.28 238,385.04 29,515.17 147,850.09 386,235.13 283,647.13 000.000-GENERAL88.73 14,600.00 0.00 115,000.00 129,600.00 0.00 931.000-TRANSFERS IN AND OTHER SOURCES

50.96 252,985.04 29,515.17 262,850.09 515,835.13 283,647.13 TOTAL REVENUES

55.77 216,391.39 22,458.11 272,874.55 489,265.94 353,616.32 441.000-DEPARTMENT OF PUBLIC WORKS32.50 675.00 75.00 325.00 1,000.00 1,000.00 999.000-TRANSFERS (OUT) AND OTHER USES


40.48 35,918.65 6,982.06 (10,349.46)25,569.19 (70,969.19)NET OF REVENUES & EXPENDITURES


Fund 641 - MOBILE EQUIPMENT:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 765 - HATTON TOWNSHIP LANDFILL TRUST FUND0.00 750.00 0.00 0.00 750.00 1,005.90 000.000-GENERAL

0.00 750.00 0.00 0.00 750.00 1,005.90 TOTAL REVENUES

0.00 750.00 0.00 0.00 750.00 1,005.90 NET OF REVENUES & EXPENDITURES

0.00 0.00 0.00 0.00 0.00 0.00 TOTAL EXPENDITURES0.00 750.00 0.00 0.00 750.00 1,005.90 TOTAL REVENUES

Fund 765 - HATTON TOWNSHIP LANDFILL TRUST FUND:






% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



Fund 902 - GENERAL LONG-TERM DEBT0.00 0.00 0.00 0.00 0.00 213,036.33 000.000-GENERAL

0.00 0.00 0.00 0.00 0.00 213,036.33 TOTAL EXPENDITURES

0.00 0.00 0.00 0.00 0.00 (213,036.33)NET OF REVENUES & EXPENDITURES

0.00 0.00 0.00 0.00 0.00 213,036.33 TOTAL EXPENDITURES0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES

Fund 902 - GENERAL LONG-TERM DEBT:


32.80 5,846,398.37 643,716.26 2,853,231.39 8,699,629.76 6,882,250.04 TOTAL EXPENDITURES - ALL FUNDS38.68 5,071,322.72 426,848.96 3,199,184.00 8,270,506.72 6,843,731.63 TOTAL REVENUES - ALL FUNDS


City of Clare

Comparative Balance Sheet

Prepared as of

October 31, 2017


COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 1/22Page:

11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 101 GENERAL FUND

PERIOD ENDED10/31/2017

PERIOD ENDED10/31/2016DescriptionGL Number

*** Assets ***

159,178.64 150,102.09 CASH101-000.000-001.000350.00 350.00 CASH ON HAND101-000.000-001.002100.00 100.00 PETTY CASH101-000.000-001.003

1,000.00 1,000.00 ACH RECEIPT ACCT101-000.000-001.00973,917.26 73,823.16 CASH - MERCANTILE101-000.000-002.001730,000.00 780,000.00 CERTIFICATES OF DEPOSIT/ REPURCHASE AGR.101-000.000-003.000

815.20 36,122.51 ACCOUNTS RECEIVABLE101-000.000-040.00012,962.82 0.00 ACCOUNTS RECEIVABLE - LIBRARY101-000.000-040.27112,565.56 13,681.54 A/R UTILITIES101-000.000-043.000

(50.00)(350.00)ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS101-000.000-043.001103.66 103.24 DUE FROM TAX FUND101-000.000-084.703

2,576.82 1,610.54 INVENTORY101-000.000-111.00018,564.50 3,545.29 INVENTORY - AIRPORT FUEL101-000.000-111.0011,062.38 0.00 PREPAID SALES TAX - AVIATION FUEL101-000.000-123.537

1,013,146.84 1,060,088.37 Total Assets

*** Liabilities ***

0.00 60.50 DUE TO COUNTY- TR FEES101-000.000-214.2220.00 242.01 DUE TO COUNTY - SCHOOL TR FEES101-000.000-214.225

494.10 670.27 DUE TO STATE OF MICHIGAN101-000.000-228.000290.00 240.00 UNDISTRIBUTED RECEIPTS101-000.000-273.000

3.45 69.71 DUE TO UTILITY CUSTOMERS101-000.000-276.000

787.55 1,282.49 Total Liabilities

*** Fund Balance ***

439,065.72 439,065.72 FISCAL FUND BALANCE101-000.000-391.000

439,065.72 439,065.72 Total Fund Balance

* Year Not Closed

428,197.77 *16-17 End FB/17-18 Beg FB

439,065.72 439,065.72 Beginning Fund Balance

584,161.52 619,740.16 Net of Revenues VS Expenditures - Current Year1,012,359.29 1,058,805.88 Ending Fund Balance1,013,146.84 1,060,088.37 Total Liabilities And Fund Balance

(10,867.95)Net of Revenues VS Expenditures - 16-17



11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 150 CEMETERY PERPETUAL CARE



*** Assets ***

22,094.99 15,162.15 CASH150-000.000-001.000260,000.00 260,000.00 REPURCHASE AGREEMENTS150-000.000-003.000

282,094.99 275,162.15 Total Assets

*** Liabilities ***

0.00 0.00 Total Liabilities


(920.93)6,829.07 FUND BALANCE150-000.000-390.000270,964.77 263,214.77 NONEXPENDABLE FUND BALANCE150-000.000-390.001


* Year Not Closed

277,242.50 *16-17 End FB/17-18 Beg FB


4,852.49 5,118.31 Net of Revenues VS Expenditures - Current Year282,094.99 275,162.15 Ending Fund Balance282,094.99 275,162.15 Total Liabilities And Fund Balance

7,198.66 Net of Revenues VS Expenditures - 16-17



11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 202 MAJOR STREETS



*** Assets ***

(44,811.19)26,415.30 CASH202-000.000-001.0000.00 100,000.00 REPURCHASE AGREEMENTS202-000.000-003.000

945.65 2,144.15 SPECIAL ASSESSMENTS RECEIVABLE202-000.000-045.000

(43,865.54)128,559.45 Total Assets

*** Liabilities ***

945.65 2,144.15 DEFERRED REVENUES202-000.000-339.000

945.65 2,144.15 Total Liabilities




* Year Not Closed

133,488.66 *16-17 End FB/17-18 Beg FB


(178,299.85)(57,587.70)Net of Revenues VS Expenditures - Current Year(44,811.19)126,415.30 Ending Fund Balance(43,865.54)128,559.45 Total Liabilities And Fund Balance




11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 203 LOCAL STS FUND



*** Assets ***

(29,552.65)15,703.41 CASH203-000.000-001.0000.00 20,000.00 REPURCHASE AGREEMENTS203-000.000-003.000

4,064.55 8,237.13 SPECIAL ASSESSMENTS RECEIVABLE203-000.000-045.000

(25,488.10)43,940.54 Total Assets

*** Liabilities ***

4,064.55 8,237.13 DEFERRED REVENUES203-000.000-339.000

4,064.55 8,237.13 Total Liabilities




* Year Not Closed

(31,362.89)*16-17 End FB/17-18 Beg FB


1,810.24 (20,674.66)Net of Revenues VS Expenditures - Current Year(29,552.65)35,703.41 Ending Fund Balance(25,488.10)43,940.54 Total Liabilities And Fund Balance




11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 204 MUNICIPAL STREET FUND



*** Assets ***

84,630.88 0.00 CASH204-000.000-001.00040,000.00 0.00 CERTIFICATES OF DEPOSIT/ REPURCHASE AGR.204-000.000-003.000

124,630.88 0.00 Total Assets

*** Liabilities ***



0.00 0.00 Total Fund Balance

* Year Not Closed

0.00 *16-17 End FB/17-18 Beg FB

0.00 0.00 Beginning Fund Balance

124,630.88 0.00 Net of Revenues VS Expenditures - Current Year124,630.88 0.00 Ending Fund Balance124,630.88 0.00 Total Liabilities And Fund Balance

0.00 Net of Revenues VS Expenditures - 16-17



11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 206 FIRE FUND



*** Assets ***

48,030.48 9,428.07 CASH206-000.000-001.000270,000.00 185,000.00 REPURCHASE AGREEMENTS206-000.000-003.000

9,362.79 10,828.21 ACCOUNTS RECEIVABLE206-000.000-040.0001,380.64 1,653.26 INVENTORY206-000.000-111.000

328,773.91 206,909.54 Total Assets

*** Liabilities ***

85,665.27 84,818.57 DEFERRED REVENUES206-000.000-339.000





* Year Not Closed

256,453.61 *16-17 End FB/17-18 Beg FB


(13,344.97)(11,548.08)Net of Revenues VS Expenditures - Current Year243,108.64 122,090.97 Ending Fund Balance328,773.91 206,909.54 Total Liabilities And Fund Balance




11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 208 PARKS AND RECREATION



*** Assets ***

133,837.33 22,765.27 CASH208-000.000-001.00031,430.61 19,121.05 CASH HELD BY MMCAA - DEPOT PROJECT208-000.000-001.80015,000.00 365,000.00 CERTIFICATES OF DEPOSIT/ REPURCHASE AGR.208-000.000-003.000

(80.00)0.00 ACCOUNTS RECEIVABLE208-000.000-040.00023,500.00 27,000.00 SPECIAL ASSESSMENTS RECEIVABLE208-000.000-045.000

203,687.94 433,886.32 Total Assets

*** Liabilities ***

175.00 150.00 DEPOSITS PAYABLE - PARK RENTALS208-000.000-283.00023,500.00 27,000.00 DEFERRED REVENUES208-000.000-339.000



47,196.39 47,196.39 FUND BALANCE208-000.000-390.000


* Year Not Closed

344,384.32 *16-17 End FB/17-18 Beg FB


(164,371.38)359,539.93 Net of Revenues VS Expenditures - Current Year180,012.94 406,736.32 Ending Fund Balance203,687.94 433,886.32 Total Liabilities And Fund Balance




11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 210 DDA(DOWNTOWN DVLPMT AUTHORITY)



*** Assets ***

54,771.06 62,039.34 CASH210-000.000-001.000

54,771.06 62,039.34 Total Assets

*** Liabilities ***





* Year Not Closed

29,007.00 *16-17 End FB/17-18 Beg FB






11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 211 SIDEWALK REPLACEMENT FUND



*** Assets ***

340.38 338.97 CASH211-000.000-001.000

340.38 338.97 Total Assets

*** Liabilities ***



838.82 838.82 FUND BALANCE211-000.000-390.000


* Year Not Closed

340.28 *16-17 End FB/17-18 Beg FB


0.10 (499.85)Net of Revenues VS Expenditures - Current Year340.38 338.97 Ending Fund Balance340.38 338.97 Total Liabilities And Fund Balance

(498.54)Net of Revenues VS Expenditures - 16-17



11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 243 BROWNFIELD REDEVELOPMENT AUTHORITY FUND



*** Assets ***

4,597.22 4,592.84 CASH243-000.000-001.000

4,597.22 4,592.84 Total Assets

*** Liabilities ***



4,591.32 4,591.32 FUND BALANCE243-000.000-390.000


* Year Not Closed

4,595.98 *16-17 End FB/17-18 Beg FB


1.24 1.52 Net of Revenues VS Expenditures - Current Year4,597.22 4,592.84 Ending Fund Balance4,597.22 4,592.84 Total Liabilities And Fund Balance




11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 265 DRUG LAW ENFORCEMENT FUND



*** Assets ***

1,440.07 754.14 CASH265-000.000-001.000

1,440.07 754.14 Total Assets

*** Liabilities ***



7.90 7.90 FUND BALANCE265-000.000-390.000


* Year Not Closed

1,154.70 *16-17 End FB/17-18 Beg FB


285.37 746.24 Net of Revenues VS Expenditures - Current Year1,440.07 754.14 Ending Fund Balance1,440.07 754.14 Total Liabilities And Fund Balance




11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 287 POLICE TRAINING 302 FUND



*** Assets ***

3,245.85 1,991.89 CASH287-000.000-001.000

3,245.85 1,991.89 Total Assets




* Year Not Closed

3,245.85 *16-17 End FB/17-18 Beg FB






11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 590 SEWER SYSTEM FUND



*** Assets ***

98,126.46 47,381.86 CASH590-000.000-001.00060,397.37 49,886.64 CASH - 2012 USDA BOND RESERVE ACCT590-000.000-001.01252,215.14 43,155.89 CASH - 2012 USDA BOND RRI ACCT590-000.000-001.0134,126.01 2,625.40 2014 USDA SEWER BOND PMT RESERVE ACCOUNT590-000.000-001.014

12,936.50 8,231.53 2014 USDA SEWER BOND RRI RESERVE ACCOUNT590-000.000-001.015385,000.00 360,000.00 REPURCHASE AGREEMENTS590-000.000-003.000

500.00 500.00 A/R TO TAXES590-000.000-034.0005,750.00 355.19 ACCOUNTS RECEIVABLE590-000.000-040.000

44,093.31 44,564.04 A/R UTILITIES590-000.000-043.000(200.00)(1,500.00)ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS590-000.000-043.001

7,847.44 12,206.83 SPECIAL ASSESSMENTS RECEIVABLE590-000.000-045.00044,333.83 45,987.29 INVENTORY590-000.000-111.00010,756.50 10,756.50 LAND590-000.000-130.000412,516.37 412,516.37 LAND IMPROVEMENTS590-000.000-132.000

(379,334.66)(377,588.39)ACCUMULATED DEPRECIATION - LAND IMPROVEM590-000.000-133.0004,926,614.44 4,926,614.44 BUILDINGS, ADDITIONS, ETC.590-000.000-136.000

(3,428,157.73)(3,316,452.72)ACCUMULATED DEPRECIATION-BUILDINGS590-000.000-137.0001,866,881.10 1,853,881.10 EQUIPMENT590-000.000-138.000(664,087.06)(608,093.57)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 - LAGOONS590-000.000-154.0014,945,192.38 4,920,742.38 SEWER SYSTEM - COLLECTION590-000.000-154.002

(2,919,413.19)(2,766,286.76)ACCUMULATED DEPR. - SEWER SYSTEM590-000.000-155.000

6,910,282.85 7,093,672.66 Total Assets

*** Liabilities ***

(39.45)0.00 ACCTS PAYABLE590-000.000-202.00012,617.93 13,037.10 ACCRUED INT PAYABLE590-000.000-256.000

255.21 470.82 DUE TO SEWER CUSTOMERS590-000.000-276.00018,450.00 19,200.00 SECURITY DEPOSITS590-000.000-285.000

2,390,953.69 2,434,953.69 2011 USDA RURAL DEVELOPMENT BONDS590-000.000-306.000125,000.00 155,000.00 2012 REFUNDING BONDS - SEWER SYSTEM590-000.000-312.000323,000.00 327,000.00 2014 RURAL DEVELOPMENT BONDING590-000.000-314.000

2,870,237.38 2,949,661.61 Total Liabilities


3,985,681.23 4,011,434.23 NET ASSETS590-000.000-391.00060,375.00 49,875.00 BOND RESERVE - 2011 RURAL DEV BOND PMT590-000.000-391.00252,195.53 43,145.53 BOND RESERVE - 2011 RURAL DEV - RRI590-000.000-391.0034,125.00 2,625.00 BOND RESERVE - 2015 RURAL DEV BOND PMT590-000.000-391.004

12,933.25 8,230.25 BOND RESERVE - 2015 RURAL DEV RRI590-000.000-391.005

4,115,310.01 4,115,310.01 Total Fund Balance

* Year Not Closed

4,036,010.44 *16-17 End FB/17-18 Beg FB

4,115,310.01 4,115,310.01 Beginning Fund Balance

4,035.03 28,701.04 Net of Revenues VS Expenditures - Current Year4,040,045.47 4,144,011.05 Ending Fund Balance6,910,282.85 7,093,672.66 Total Liabilities And Fund Balance




11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 591 WATER SYSTEM FUND



*** Assets ***

54,312.79 58,082.40 CASH591-000.000-001.0006,876.68 4,375.64 2014 USDA WATER BOND PMT RESERVE ACCOUNT591-000.000-001.016

11,833.42 7,529.62 2014 USDA WATER BOND RRI RESERVE ACCOUNT591-000.000-001.017200,000.00 230,000.00 CERTIFICATES OF DEPOSIT/ REPURCHASE AGR.591-000.000-003.00031,813.59 19,403.87 ACCOUNTS RECEIVABLE591-000.000-040.00026,578.10 25,167.28 A/R UTILITIES591-000.000-043.000

(100.00)(850.00)ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS591-000.000-043.001353.68 707.26 SPECIAL ASSESSMENTS RECEIVABLE591-000.000-045.000

5,813.15 6,485.65 INVENTORY591-000.000-111.00042,632.25 42,632.25 LAND591-000.000-130.000454,584.99 454,584.99 BUILDING, ADDITIONS AND IMPROVEMENTS591-000.000-136.000

(398,085.49)(395,590.21)ACCUMULATED DEPRECIATION-BUILDINGS591-000.000-137.00017,852.84 17,852.84 EQUIPMENT591-000.000-138.000(17,852.84)(17,695.44)ACCUMULATED DEPR. - EQUIPMENT591-000.000-145.000819,068.03 807,012.53 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

1,404,675.25 1,396,675.25 WATER SYSTEM - MAINS591-000.000-152.0052,049,326.70 1,982,326.70 WATER SYSTEM - TRANSMISSION591-000.000-152.007

(1,778,236.69)(1,659,581.54)ACCUMULATED DEPR. WATER SYSTEM591-000.000-153.0002,500.00 0.00 CONSTRUCTION IN PROGRESS591-000.000-158.000

4,051,111.29 4,096,283.93 Total Assets

*** Liabilities ***

3,357.92 3,597.71 ACCRUED INT PAYABLE591-000.000-256.0002.86 60.70 DUE TO WATER CUSTOMERS591-000.000-276.000

140,000.00 165,000.00 2012 REFUNDING BONDS - WATER SYSTEM591-000.000-312.000539,000.00 546,000.00 2014 RURAL DEVELOPMENT BONDING591-000.000-314.000



3,334,768.84 3,341,570.84 NET ASSETS591-000.000-391.0006,875.00 4,375.00 BOND RESERVE - 2015 RURAL DEV BOND PMT591-000.000-391.004

11,830.50 7,528.50 BOND RESERVE - 2015 RURAL DEV RRI591-000.000-391.005


* Year Not Closed

3,405,181.30 *16-17 End FB/17-18 Beg FB


(36,430.79)28,151.18 Net of Revenues VS Expenditures - Current Year3,368,750.51 3,381,625.52 Ending Fund Balance4,051,111.29 4,096,283.93 Total Liabilities And Fund Balance




11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 636 DATA PROCESSING



*** Assets ***

26,220.09 20,455.60 CASH636-000.000-001.000385,830.41 385,830.41 OFFICE EQUIPMENT AND FURNITURE636-000.000-146.000

(357,102.90)(349,674.65)ACCUMULATED DEPR. - OFFICE EQUIPMENT636-000.000-147.000

54,947.60 56,611.36 Total Assets

*** Liabilities ***



53,333.09 53,333.09 NET ASSETS636-000.000-391.000


* Year Not Closed

51,739.47 *16-17 End FB/17-18 Beg FB






11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 641 MOBILE EQUIPMENT



*** Assets ***

25,994.81 33,491.93 CASH641-000.000-001.000954.91 966.85 A/R UTILITIES641-000.000-043.000(50.00)(50.00)ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS641-000.000-043.001

7,752.76 5,919.81 INVENTORY - STREET ROAD SALT641-000.000-109.0001,425.78 418.30 INVENTORY - STREET COLD PATCH641-000.000-109.001

30,727.24 27,771.10 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

(475,972.08)(453,580.12)ACCUMULATED DEPRECIATION-BUILDINGS641-000.000-137.000578,551.64 563,091.14 EQUIPMENT641-000.000-138.00016,787.52 16,787.52 OTHER EQUIPMENT641-000.000-139.000

(576,622.01)(574,473.17)ACCUMULATED DEPR. - EQUIPMENT641-000.000-145.0001,089,882.39 1,108,231.39 VEHICLES - DPW641-000.000-148.000

161,167.47 161,167.47 VEHICLES - POLICE641-000.000-148.001(999,395.65)(958,051.91)ACCUMULATED DEPRECIATION - VEHICLES641-000.000-149.000

613,487.90 683,973.43 Total Assets

*** Liabilities ***

0.23 4.39 DUE TO UTILITY CUSTOMERS641-000.000-276.000



694,806.32 694,806.32 NET ASSETS641-000.000-391.000


* Year Not Closed

623,837.13 *16-17 End FB/17-18 Beg FB


(10,349.46)(10,837.28)Net of Revenues VS Expenditures - Current Year613,487.67 683,969.04 Ending Fund Balance613,487.90 683,973.43 Total Liabilities And Fund Balance




11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 703 PROPERTY TAX FUND



*** Assets ***

62,867.89 22,364.56 CASH703-000.000-001.000(2,669,686.03)211,020.83 TAXES RECEIVABLE - SUMMER703-000.000-018.000

(2,606,818.14)233,385.39 Total Assets

*** Liabilities ***

(1,316,450.70)134,573.31 DUE TO GENERAL FUND703-000.000-214.101(936.67)(0.35)DUE TO MAJOR STREET FUND703-000.000-214.202

(1,806.61)1,997.11 DUE TO LOCAL STREET FUND703-000.000-214.203(225,944.71)0.00 DUE TO MUNICIPAL STREETS703-000.000-214.204(78,838.87)7,068.68 DUE TO PARKS FUND703-000.000-214.208(3,536.27)203.27 DUE TO SEWER FUND703-000.000-214.590

(670.51)110.28 DUE TO WATER FUND703-000.000-214.591(18.01)784.38 DUE TO MOBILE EQUIPMENT703-000.000-214.641

(74,938.83)3,364.36 DUE TO COMPONENT UNIT - DDA703-000.000-215.001(719,183.34)59,264.18 DUE TO CLARE COUNTY703-000.000-222.001(107,879.92)9,087.39 DUE TO ISABELLA COUNTY703-000.000-222.002(74,831.48)6,133.53 DUE TO LIBRARY - PMDL703-000.000-223.000(1,898.16)0.00 DUE TO STATE OF MICHIGAN703-000.000-228.000

115.94 10,799.25 UNDISTRIBUTED TAX COLLECTIONS703-000.000-274.000

(2,606,818.14)233,385.39 Total Liabilities



* Year Not Closed

0.00 *16-17 End FB/17-18 Beg FB


0.00 0.00 Net of Revenues VS Expenditures - Current Year0.00 0.00 Ending Fund Balance

(2,606,818.14)233,385.39 Total Liabilities And Fund Balance




11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 704 IMPREST PAYROLL FUND



*** Assets ***

(6,446.24)21,151.91 CASH704-000.000-001.000

(6,446.24)21,151.91 Total Assets

*** Liabilities ***

4,996.36 4,749.30 DUE TO STATE OF MICHIGAN704-000.000-228.0000.00 (16.33)DUE TO FEDERAL GOV'T704-000.000-229.000

501.21 82.46 AFLAC PAYABLE704-000.000-231.00125,580.32 23,813.76 MERS PAYABLE704-000.000-231.002(38,302.07)(7,452.74)BLUE CROSS PAYABLE704-000.000-231.003

(27.50)(826.00)TEAMSTERS PAYABLE704-000.000-231.005805.44 801.46 DEFERRED COMP PAYABLE - MERS 457704-000.000-231.015

(6,446.24)21,151.91 Total Liabilities

* Year Not Closed

0.00 *16-17 End FB/17-18 Beg FB


0.00 0.00 Net of Revenues VS Expenditures - Current Year0.00 0.00 Ending Fund Balance

(6,446.24)21,151.91 Total Liabilities And Fund Balance




11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 765 HATTON TOWNSHIP LANDFILL TRUST FUND



*** Assets ***

201,733.33 200,727.43 CERTIFICATES OF DEPOSIT765-000.000-003.000

201,733.33 200,727.43 Total Assets

*** Liabilities ***



200,727.43 200,727.43 FUND BALANCE765-000.000-390.000


* Year Not Closed

201,733.33 *16-17 End FB/17-18 Beg FB






11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 901 GENERAL FIXED ASSETS



*** Assets ***

3,340,874.88 3,333,874.88 LAND - GFA, GENERAL FUND901-000.000-130.1015,675.00 5,675.00 LAND - GFA, FIRE DEPARTMENT901-000.000-130.206

990,849.24 936,849.24 LAND - GFA, PARKS & RECREATION901-000.000-130.208108,126.20 108,126.20 LAND - DDA901-000.000-130.210

1,392,984.82 962,045.02 LAND IMPROVEMENTS - GFA, GENERAL FUND901-000.000-132.101870,699.05 870,699.05 ROAD IMPROVEMENTS - MAJOR STREETS901-000.000-132.202664,269.14 550,763.68 ROAD IMPROVEMENTS - LOCAL STREETS901-000.000-132.203

1,257,577.27 1,257,577.27 LAND IMPROVEMENTS - GFA, PARKS AND REC.901-000.000-132.208456,071.51 456,071.51 LAND IMPROVEMENTS - DDA901-000.000-132.21090,804.62 90,804.62 SIDEWALK IMPROVEMENTS901-000.000-132.21194,016.27 94,016.27 LAND IMPROV - LDFA901-000.000-132.214

(594,306.77)(457,904.09)ACCUMULATED DEPRECIATION - LAND IMPROVEM901-000.000-133.000(237,643.94)(215,544.17)ACCUM DEPR - LAND IMPROV - DDA901-000.000-133.210(32,641.01)(28,494.37)ACCUM DEPR - LAND IMPROV - LDFA901-000.000-133.214

1,753,228.03 1,753,228.03 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

(1,175,620.57)(1,108,167.30)ACCUMULATED DEPRECIATION-BUILDINGS901-000.000-137.000360,780.99 353,502.59 EQUIPMENT - GFA, GENERAL FUND901-000.000-138.101661,955.89 622,814.64 EQUIPMENT - GFA, FIRE DEPARTMENT901-000.000-138.206130,822.77 130,822.77 EQUIPMENT - GFA, PARKS & RECREATION901-000.000-138.208138,200.00 138,200.00 EQUIPMENT - DDA901-000.000-138.210

(740,641.62)(684,964.46)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 1,691,812.02 VEHICLES - FIRE DEPARTMENT901-000.000-148.206(477,271.31)(829,408.71)ACCUMULATED DEPRECIATION - VEHICLES901-000.000-149.000

1,166,197.97 1,198,920.21 CONSTRUCTION IN PROGRESS901-000.000-158.000

12,169,128.88 11,915,775.88 Total Assets

*** Liabilities ***



4,445,525.32 4,384,525.32 INVESTMENT IN LAND901-000.000-130.3994,619,588.39 4,386,324.39 INVESTMENT IN LAND IMPROVEMENTS901-000.000-132.3991,908,703.98 1,860,347.32 INVESTMENT IN BUILDINGS, ETC.901-000.000-136.399

412,918.03 422,175.54 INVESTMENT IN EQUIPMENT901-000.000-138.399782,393.16 862,403.31 INVESTMENT IN VEHICLES901-000.000-148.399


* Year Not Closed

12,169,128.88 *16-17 End FB/17-18 Beg FB253,353.00 Fund Balance Adjustments - 16-17

0.00 253,353.00 Fund Balance Adjustments


0.00 0.00 Net of Revenues VS Expenditures - Current Year

12,169,128.88 12,169,128.88 Ending Fund Balance12,169,128.88 11,915,775.88 Total Liabilities And Fund Balance




11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 902 GENERAL LONG-TERM DEBT



*** 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 ***

29,103.81 26,072.69 ACCRUED INT PAYABLE902-000.000-256.0001,851.00 2,023.92 ACCRUED INT PAYABLE902-000.000-256.210

54,470.89 65,303.49 MMCAA INSTALLMENT LOAN902-000.000-304.000253,000.00 278,000.00 2006 DDA BOND902-000.000-306.001550,000.00 585,000.00 2012 REFUNDING BONDS -PUBLIC SAFETY BLDG902-000.000-312.000107,043.88 123,285.00 SOCCER COMPLEX LOAN PAYABLE902-000.000-313.000534,000.00 545,000.00 NORTH INFRASTRUCTURE DEBT902-000.000-315.000496,958.26 525,000.00 2015 HP E-ONE 78' AERIAL902-000.000-318.000121,889.83 130,596.24 2016 LED STREET/SIDEWALK LIGHT FIXTURES902-000.000-319.000345,000.00 0.00 2016 SOUTH REC COMPLEX902-000.000-320.000

2,493,317.67 2,280,281.34 Total Liabilities


(767,281.34)(767,281.34)FISCAL FUND BALANCE902-000.000-391.000

(767,281.34)(767,281.34)Total Fund Balance

* Year Not Closed

(980,317.67)*16-17 End FB/17-18 Beg FB

(767,281.34)(767,281.34)Beginning Fund Balance

0.00 0.00 Net of Revenues VS Expenditures - Current Year(980,317.67)(767,281.34)Ending Fund Balance

1,513,000.00 1,513,000.00 Total Liabilities And Fund Balance




11/09/2017 11:25 AMUser: MICHELLEDB: Clare Fund 934 GASB ACCRUALS



*** Assets ***

235,488.00 235,488.00 DUE FROM GOVT ACTIVITIES934-000.000-084.000

235,488.00 235,488.00 Total Assets

*** Liabilities ***

235,488.00 235,488.00 DUE TO BUS TYPE ACTIVITIES934-000.000-214.000(37,381.00)(37,381.00)DEFERRED REVENUES934-000.000-339.000



(179,556.00)(179,556.00)FUND BALANCE934-000.000-390.000216,937.00 216,937.00 FISCAL FUND BALANCE934-000.000-391.000


* Year Not Closed

37,381.00 *16-17 End FB/17-18 Beg FB





Documents

To: Mayor Pat Humphrey and the Clare City Commission …€¦ · To: Mayor Pat Humphrey and the Clare City Commission . From: Steven J. Kingsbury, MBA, CPFA, MiCPT . Treasurer, Finance