to: mayor pat humphrey and the clare city commission from ... · mercantile/money market account...

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 Report 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


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


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.


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


Summary

Revenue and Expenditure Report

Prepared as of

December 31, 2019


*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:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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


260.33 24,684.40 (354.68)(40,080.67)(15,396.27)26,638.74 NET OF REVENUES & EXPENDITURES


Fund 203 - LOCAL STS FUND:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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


247.74 20,117.48 (12,898.28)(33,734.43)(13,616.95)7,738.19 NET OF REVENUES & EXPENDITURES


Fund 206 - FIRE FUND:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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


101.43 (621.67)(2,237.20)44,083.01 43,461.34 10,919.15 NET OF REVENUES & EXPENDITURES


Fund 210 - DDA(DOWNTOWN DVLPMT AUTHORITY):





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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


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:





% 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 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 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:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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


180.15 23,483.75 5,307.54 (52,783.75)(29,300.00)29,864.22 NET OF REVENUES & EXPENDITURES


Fund 636 - DATA PROCESSING:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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


31.19 7,592.21 4,579.09 (1,805.09)5,787.12 239,757.73 NET OF REVENUES & EXPENDITURES


Fund 641 - MOBILE EQUIPMENT:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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 TOTAL EXPENDITURES0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES

Fund 901 - GENERAL FIXED ASSETS:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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 EXPENDITURES0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES

Fund 902 - GENERAL LONG-TERM DEBT:





% BDGTUSED

AVAILABLEBALANCE

NORM (ABNORM)


INCR (DECR)



AMENDED BUDGET



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 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


City of Clare

Comparative Balance Sheet

Prepared as of

December 31, 2019


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


COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 2/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 150 CEMETERY PERPETUAL CARE



*** 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


7,574.76 7,085.04 FUND BALANCE150-000.000-390.000287,664.77 280,364.77 NONEXPENDABLE FUND BALANCE150-000.000-390.001





COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 3/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 202 MAJOR STREETS



*** Assets ***


201,764.78 143,827.51 Total Assets

*** Liabilities ***






(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


COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 4/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 203 LOCAL STS FUND



*** 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





0.00 1.00 Fund Balance Adjustments


(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


COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 5/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 204 MUNICIPAL STREET FUND



*** 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 (1.00)Fund Balance Adjustments


190,825.11 24,152.32 Net of Revenues VS Expenditures



COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 6/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 206 FIRE FUND



*** Assets ***


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







(33,734.43)(50,011.47)Net of Revenues VS Expenditures



COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 7/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 208 PARKS AND RECREATION



*** 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


9,173.10 43,413.52 FUND BALANCE208-000.000-390.000



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


COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 8/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 210 DDA(DOWNTOWN DVLPMT AUTHORITY)



*** 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 ***








COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 9/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 211 SIDEWALK REPLACEMENT FUND



*** Assets ***

0.00 343.47 CASH211-000.000-001.000

0.00 343.47 Total Assets

*** Liabilities ***



0.00 345.95 FUND BALANCE211-000.000-390.000

0.00 345.95 Total Fund Balance


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


COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 10/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 243 BROWNFIELD REDEVELOPMENT AUTHORITY FUND



*** Assets ***

4,621.72 4,601.92 CASH243-000.000-001.000

4,621.72 4,601.92 Total Assets

*** Liabilities ***



4,609.07 4,599.84 FUND BALANCE243-000.000-390.000



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


COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 11/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 265 DRUG LAW ENFORCEMENT FUND



*** Assets ***

1,991.04 1,254.53 CASH265-000.000-001.000

1,991.04 1,254.53 Total Assets

*** Liabilities ***



2,245.32 1,440.90 FUND BALANCE265-000.000-390.000



(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


COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 12/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 287 POLICE TRAINING 302 FUND



*** 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 Net of Revenues VS Expenditures1,718.87 3,245.85 Ending Fund Balance1,718.87 3,245.85 Total Liabilities And Fund Balance


COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 13/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 590 SEWER SYSTEM FUND



*** 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


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


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


COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 14/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 591 WATER SYSTEM FUND



*** 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



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



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


COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 15/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 636 DATA PROCESSING



*** 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 ***



97,595.56 67,732.34 NET ASSETS636-000.000-391.000




(52,783.75)16,789.07 Net of Revenues VS Expenditures



COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 16/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 641 MOBILE EQUIPMENT



*** 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


796,389.18 671,630.45 NET ASSETS641-000.000-391.000


0.00 (114,999.00)Fund Balance Adjustments


(1,805.09)(3,744.04)Net of Revenues VS Expenditures



COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 17/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 703 PROPERTY TAX FUND



*** 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



0.00 0.00 Total 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


COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 18/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 704 IMPREST PAYROLL FUND



*** 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 Net of Revenues VS Expenditures0.00 0.00 Ending Fund Balance

4,893.55 (7,212.17)Total Liabilities And Fund Balance


COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 19/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 765 HATTON TOWNSHIP LANDFILL TRUST FUND



*** Assets ***

205,088.28 203,048.51 CERTIFICATES OF DEPOSIT765-000.000-003.000

205,088.28 203,048.51 Total Assets

*** Liabilities ***



205,088.28 203,048.51 FUND BALANCE765-000.000-390.000




0.00 0.00 Net of Revenues VS Expenditures



COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 20/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 901 GENERAL FIXED ASSETS



*** 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 ***



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


0.00 470,402.66 Fund Balance Adjustments



13,809,682.02 14,215,770.02 Ending Fund Balance13,809,682.02 13,745,367.36 Total Liabilities And Fund Balance


COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 21/22Page:01/13/2020 09:56 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 ***

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



(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


COMPARATIVE BALANCE SHEET FOR CITY OF CLARE 22/22Page:01/13/2020 09:56 AMUser: MICHELLEDB: Clare Fund 934 GASB ACCRUALS



*** 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


(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


(706,812.00)(633,856.00)Ending Fund Balance393,981.00 268,310.00 Total Liabilities And Fund Balance


to: mayor pat humphrey and the clare city commission from ... · mercantile/money market account...

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