Jefferson County - Governmental Funds

Statement of Revenues, Expenditures and Changes in Fund Balance

For the year ended 12-31-2014
Jefferson County Governmental Funds Balance Sheet as of 12-31-2015
Capital Total
General Projects Debt Service Permanent Governmental
Fund Fund Fund Fund Funds
Assets
Cash $ 128,148 $ 181,000 $ 22,800 $ 8,400 $ 340,348
Investments 502,400 502,400
Taxes Reveivable (net) 51,325 51,325
Due from other governments 280,000 280,000
Accrued interest receivable 1,700 1,700
Supplies Inventory 350 350
Total Assets $ 179,823 $ 461,000 $ 22,800 $ 512,500 $ 1,176,123

Liabilities, Deferred Inflows and Fund Balance

Liabilities
Accounts Payable 2,000 4,100 6,100
Wages Payable 850 850
Contracts payable 25,000 25,000
Total Liabilities 2,850 25,000 - 4,100 31,950
Deferred Inflows
Deferred Inflows - Property Taxes 22,600 22,600

Fund Balances
Nonspendable
Inventories 350 350
Permanent fund principal 500,000 500,000
Restricted 436,000 436,000
Assigned 800 22,800 8,400 32,000
Unassigned 153,223 153,223
Total Fund Equity 154,373 436,000 22,800 508,400 1,121,573

Total Liabilities, Deferred Inflows and Fund $ 179,823 $ 461,000 $ 22,800 $ 512,500 $ 1,176,123

Jefferson County Statement of Revenues Expenditures and Changes in Fund Balance for
the year ended 12-31-2015
Capital Total
General Projects Debt Service Permanent Governmental
Fund Fund Fund Fund Funds
Revenues
Property Taxes $ 262,075 $ - 262,075
Intergovernmental revenues 280,000 280,000
Investment income: 21,100 21,100
Total Revenues 262,075 280,000 - 21,100 563,175

Expenditures
Current:
General Government Operations 181,560 181,560
Library 12,700 12,700
Capital Outlay 39,900 612,000 - 651,900
Debt Service -
Principal 22,000 22,000
Interest 21,000 21,000
Total Expenditures 221,460 612,000 43,000 12,700 889,160

Excess (Deficiency) of Revenues Over Expend 40,615 (332,000) (43,000) 8,400 (325,985)
Jefferson County - Governmental Funds
Statement of Revenues, Expenditures and Changes in Fund Balance
For the year ended 12-31-2014

Other financing sources (uses)

Proceeds of bonds 700,000 700,000
Premum on bonds 22,800 22,800
Transfers in 65,800 65,800
Transfers out (43,000) (22,800) (65,800)
total other financing sources (uses) (43,000) 700,000 65,800 - 722,800

Net Change in Fund Balance (2,385) 368,000 22,800 8,400 396,815

Fund Balance, January 1 156,758 68,000 - 500,000 724,758
Fund Balance, December 31 $ 154,373 $ 436,000 $ 22,800 $ 508,400 $ 1,121,573

Jefferson County Jefferson County

Statement of Revenues, Expenses, and Changes in fund Net Position Statement of Net Position
For the year ended 12-31-2015 As of 12-31-2015
Internal Internal
Enterprise Service Enterprise Service
Funds Fund Funds Fund
Revenues Assets
Charges for Services $ 805,000 $ 96,250 Cash $ 22,000 $ 22,850
Due from other funds 15,750
Total Revenues 805,000 96,250 Supplies Inventory 18,000 3,500
total current assets 40,000 42,100
Operating Expenses Advance to Internal Service fund 17,000
Cost of services 703,000 83,690 Capital Assets (net) 255,000 21,600
Depreciation 60,000 6,900 Total Assets $ 312,000 $ 63,700

Total Operaing Expenses 763,000 90,590 Liabilities

Accounts payable 16,750 4,350
Operating Income (loss) 42,000 5,660 Wages payable 850 490
Interest payable - 600
Nonoperating income (expenses) Due to Other funds 15,750
Interest Expense (5,000) (600) total current liabilities 33,350 5,440
Total nonoperating revenue (5,000) (600)
Bond payable 200,000
Change in Net Position 37,000 5,060 Bank note payable 10,000
Net Position- Beginning of Year 41,650 26,200 Advance from Enterprise fund 17,000
Net Position - End of Year $ 78,650 $ 31,260 Total Liabilities 233,350 32,440
Net position
Net investment in capital assets 55,000 4,600
Unrestricted 23,650 26,660

Net Position $ 78,650 $ 31,260

Jefferson County

Gov'tal Balances for

Fund Gov't-wide
Balances Adjustments & Eliminations Internal Service Funds Stmts
Worksheet Journal Entries to Convert Debits Credits Debits Credits

to the Accrual basis of Accounting DEBITS:

debits $ credits $ Cash 340,348 340,348
Investment in corporate bonds 502,400 502,400
Taxes Receivable 51,325 51,325
Due from other governments 280,000 280,000
Accrued interest receivable 1,700 1,700
Supplies Inventory 350 350
Due from Other Funds -
Capital Assets - net of accumulated
depreciation (two rows) -

Expenditures (expenses) Current

General Govt. 181,560 181,560
Library 12,700 12,700
-
Other Expenditures (expenses)
- Debt Service Principal 22,000 22,000
- Interest expense/expenditure 21,000 21,000
- Capital Outlay 651,900 651,900
- Depreciation -
Other Fin. Uses - Transfers Out 65,800 65,800
-
Total Debits 2,131,083 2,131,083
CREDITS:
Accounts Payable 6,100 6,100
Wages Payable 850 850
Deferred Inflows - Property taxes 22,600 22,600
Contracts Payable 25,000 25,000
-
Accrued Interest Payable -
Bank Note Payable -

Bonds Payable (two rows) -

Premium on Bonds -
Advance from Water Utility Fund -
-
Revenues -
Property Taxes 262,075 262,075
Intergovernmental Revenues 280,000 280,000
Investment income 21,100 21,100
-
-
Other Financing Sources -
Proceeds of Bonds 700,000 700,000
Proceeds of Bond premium 22,800 22,800
Transfers In 65,800 65,800
Net Position at beginning of year
(two rows) 724,758 724,758
Total Credits 2,131,083 2,131,083

totals Journal entries - - - - -

 Jefferson County
Statement of Activities
for the year ended 12-31-2015

Program Revenues Net (Expense) Revenue and Change in Net Position

Operational Capital
Charges Grants and Grants and Governmental Business-Type
Expenses for Services Contributions Contributions Activities Activities Total
Functions/Programs
Governmental Activities:
General Government $ - $ - $ -
Library - - -
Depreciation - -
Interest - -

Total Governmental Activities - - - - - -

Business Type Activities
Water and Sewer - -
Total Government $ - $ - $ - $ - $ - $ - -

General Revenues
Taxes:
Property Taxes -
Intergovernmental revenues -
Investment Income -
Total General Revenues - - -
Change in Net Position - - -
Net Position, Beginning -
Net Position, Ending $ - $ - $ -

Jefferson County
Statement of Net Position
as of 12-31-2015

Business-
Governmental Type
Activities Activities Total
Assets
Cash $ -
Investments -
Taxes Receivable (Net) -
Interest Receivable -
Internal Balances Current -
Due from Other Governments -
Inventories -
Internal Balances Long-Term -
Capital Assets, Net of Accumulated Depreciation -
Total Assets $ - $ - $ -
Liabilities
Accounts Payable -
Wages Payable -
Accrued Interest Payable -
Contract Payable -
Bank Note Payable -
Bonds Payable -
Premium on Bonds Sold -
Total Liabilities - - -
Net Position

Net investment in capital assets -

Restricted -
Unrestricted -
Total Net Position $ - $ - $ -