basic financial statements - lane county · basic financial statements . lane county, oregon...

BASIC FINANCIAL STATEMENTS

Lane County, Oregon

Statement of Net PositionJune 30, 2019

Component UnitGovernmental

Activities

Business-type

Activities TotalHomes for Good Housing Agency

ASSETSCash and cash equivalents 251,038,451$ 40,323,963$ 291,362,414$ 6,260,345$ Investments - - - 2,414,807 Restricted cash - cash with fiscal agent - - - - Receivables (net of uncollectibles) 48,703,039 3,026,633 51,729,672 1,600,185 Internal balances (14,169,314) 14,169,314 - - Notes receivable - - - 10,361 Inventories 2,997,303 - 2,997,303 112,305 Prepaids 423,561 46,765 470,326 247,975 Restricted assets:

Cash and cash equivalents - - - 7,866,084 Investments in limited partnerships - - - 903,925 Other - - - 609,800

Deposits 100,000 - 100,000 - Loans receivable - - - 5,325,207 Net pension asset - - - - Net OPEB asset - RHIA 870,816 79,713 950,529 - Capital assets:

Land and construction in progress 22,285,468 13,698,627 35,984,095 19,197,682 Other capital assets (net of accumulated depreciation) 301,159,243 14,923,979 316,083,222 62,945,093

Total assets 613,408,567 86,268,994 699,677,561 107,493,769

DEFERRED OUTFLOWS OF RESOURCESDeferred charge for debt refunding 1,003,336 - 1,003,336 - Pension plan 54,773,016 4,590,988 59,364,004 11,247 OPEB - RHIA 418,159 37,956 456,115 - OPEB - county plan 20,567,491 1,893,460 22,460,951 -

Total deferred outflows of resources 76,762,002 6,522,404 83,284,406 11,247

LIABILITIESAccounts payable 10,993,588 836,484 11,830,072 1,166,257 Wages and benefits payable 5,069,060 307,972 5,377,032 109,273 Due to other governments 14,714 - 14,714 - Interest payable 399,130 - 399,130 130,687 Unearned revenue 638,192 129,622 767,814 646,547 Customer deposits 801,577 131,515 933,092 585,228 Noncurrent Liabilities:

Due within one year 22,851,431 644,148 23,495,579 4,574,355 Due in more than one year - other 68,465,577 5,602,623 74,068,200 28,945,963 Due in more than one year - net pension liability 154,081,911 12,881,072 166,962,983 - Due in more than one year - total OPEB liability - county plan 51,531,032 4,704,947 56,235,979 -

Total liabilites 314,846,212 25,238,383 340,084,595 36,158,310

DEFERRED INFLOWS OF RESOURCESOther - - - - Pension plan 12,765,406 931,673 13,697,079 5,035 OPEB - RHIA 243,987 22,248 266,235 -

OPEB - county plan - - - -

Total deferred inflows of resources 13,009,393 953,921 13,963,314 5,035

NET POSITIONNet investment in capital assets 301,418,606 28,622,606 330,041,212 50,235,410 Restricted for:

Capital projects 6,998,668 - 6,998,668 - Debt service 5,649,502 - 5,649,502 - Health and human services - - - - Landfill closure and postclosure care - 5,602,623 5,602,623 - Special revenue / services 3,763,737 - 3,763,737 - Roads 31,863,549 - 31,863,549 - Title III projects 4,178,676 - 4,178,676 - LaneCare 20,255,223 - 20,255,223 - Housing and community services - - - 4,479,992 Public safety local option tax levy 16,069,034 - 16,069,034 - Other purposes - - - -

Unrestricted (27,882,031) 32,373,865 4,491,834 16,626,269

Total net position 362,314,964$ 66,599,094$ 428,914,058$ 71,341,671$

The notes to financial statements are an integral part of this statement.

Primary Government

31

Lane County, Oregon

Statement of ActivitiesFor the Fiscal Year Ended June 30, 2019

Functions/Programs Direct Expenses

Indirect Expenses

Allocation

Primary government:

Governmental activities:General government 34,141,453$ (11,500,402)$ Public safety 79,866,735 3,518,157 Public health and welfare 113,437,394 4,996,956 Parks 3,829,766 168,702 Roads and bridges 36,994,435 1,629,618 Community development 3,649,255 160,751 Interest on long-term debt 4,709,264 -

Total governmental activities 276,628,302 (1,026,218)

Business-type activities:Lane events center 4,112,066 118,576 Solid waste disposal 18,014,124 476,431 Corrections commissary 106,527 2,579 Land management 5,468,699 428,632

Total business-type activities 27,701,416 1,026,218

Total primary government 304,329,718$ -$

Component Unit:Homes for Good Housing Agency 30,942,070$ -$


32

Component Unit

Charges for

Services

Operating

Grants and

Contributions

Capital Grants

and

Contributions

Governmental

Activities

Business-type

Activities Total

Homes for Good

Housing Agency

12,161,232$ 4,534,803$ -$ (5,945,016)$ -$ (5,945,016)$ 28,762,661 4,587,215 - (50,035,016) - (50,035,016) 32,127,413 80,422,158 - (5,884,779) - (5,884,779) 2,347,580 599,940 - (1,050,948) - (1,050,948) 3,749,862 42,708,771 - 7,834,580 - 7,834,580

42,677 1,697,203 - (2,070,126) - (2,070,126) - - - (4,709,264) - (4,709,264)

79,191,425 134,550,090 - (61,860,569) - (61,860,569)

2,892,074 53,167 - - (1,285,401) (1,285,401) 22,015,618 24,301 - - 3,549,364 3,549,364

165,525 - - - 56,419 56,419 6,340,022 21,912 - - 464,603 464,603

31,413,239 99,380 - - 2,784,985 2,784,985

110,604,664$ 134,649,470$ -$ (61,860,569) 2,784,985 (59,075,584)

9,544,944$ 24,906,659$ 12,760,300$ 16,269,833$

General Revenues:Property taxes 59,456,085 - 59,456,085 - Transient room taxes 5,212,793 1,921,417 7,134,210 - Car rental taxes 2,108,503 - 2,108,503 - O&C timber receipts 3,546,128 - 3,546,128 - Unrestricted investment earnings 4,333,091 1,064,862 5,397,953 - Grants and contributions not restricted

to specific programs 7,826,569 - 7,826,569 - Transfers (58,178) 58,178 - -

Total general revenues and transfers 82,424,991 3,044,457 85,469,448 -

Change in net position 20,564,422 5,829,442 26,393,864 16,269,833

Net position, June 30, 2018 341,750,542 60,769,652 402,520,194 61,071,838

Total net position, June 30, 2019 362,314,964$ 66,599,094$ 428,914,058$ 77,341,671$

Primary Government

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

33

Lane County, Oregon

Balance SheetGovernmental FundsJune 30, 2019

General Road

Special Revenue

/ Services

ASSETSCash and cash equivalents 33,988,227$ 45,593,418$ 15,157,260$ Receivables (net of uncollectibles):

Investment earnings 225,924 8,316 67,170 Property taxes 1,686,111 - - Accounts 6,217,327 697,963 942,609 Intergovernmental 2,075,569 2,426,992 691,348 Interest on balances 5,376,234 - -

Inventories 170,897 1,679,484 -

Total assets 49,740,289$ 50,406,173$ 16,858,387$

LIABILITIESAccounts payable 572,498$ 1,871,237$ 1,427,701$ Wages and benefits payable 1,213,172 372,551 218,546 Due to other funds 742,575 244,595 145,133 Due to other governments 14,714 - - Unearned revenue 503,390 72,448 90,073 Customer deposits 174,313 374,171 -

Total liabilities 3,220,662 2,935,002 1,881,453

DEFERRED INFLOWS OF RESOURCESDeferred Inflows - other 12,193,330 - -

Total deferred inflows of resources 12,193,330 - -

FUND BALANCESNonspendable 170,897 1,679,484 - Restricted - 21,984,584 8,361,711 Assigned - 23,807,103 6,615,223 Unassigned 34,155,400 - -

Total fund balances 34,326,297 47,471,171 14,976,934

Total liabilities, deferred inflows of resources, and fund balances 49,740,289$ 50,406,173$ 16,858,387$


34

Health and

Human Services

Trillium Behavioral

Health

Local Option Tax

Levy

Other

Governmental

Funds

Total

Governmental

Funds

8,460,386$ 22,063,414$ 24,870,376$ 20,804,492$ 170,937,573$

102,136 80,454 152,559 69,427 705,986 - - 528,124 15,248 2,229,483

1,043,736 837 - 449,373 9,351,845 22,436,908 543,380 - 2,304,511 30,478,708

- - 80,210 1,694 5,458,138 164,154 - - - 2,014,535

32,207,320$ 22,688,085$ 25,631,269$ 23,644,745$ 221,176,268$

2,742,419$ 115,441$ 342,731$ 1,797,667$ 8,869,694$ 1,360,127 86,379 313,437 150,348 3,714,560

832,049 54,159 194,933 89,903 2,303,347 - - - - 14,714 - - - - 665,911

247,720 - - - 796,204

5,182,315 255,979 851,101 2,037,918 16,364,430

- - 544,193 14,909 12,752,432

- - 544,193 14,909 12,752,432

164,154 - - - 2,014,535 - 22,432,106 24,235,935 6,282,795 83,297,131

26,860,851 - 40 15,309,123 72,592,340 - - - - 34,155,400

27,025,005 22,432,106 24,235,975 21,591,918 192,059,406

32,207,320$ 22,688,085$ 25,631,269$ 23,644,745$ 221,176,268$

35

Lane County, Oregon

Reconciliation of the Balance Sheet of Governmental Fundsto the Statement of Net PositionJune 30, 2019

Total fund balances - governmental funds 192,059,406$

Amounts reported for governmental activities in the statement of net positionare different because:

Internal service funds are used by management to charge the costs ofcertain activities to individual funds. The assets and liabilities of theinternal service funds are included in governmental activities in thestatement of net position. 20,258,671$

An adjustment is required to eliminate the change in net position of internal service funds back to the governmental activities that helped finance them. The adjustment related to enterprise activities is required in this reconciliation. (13,687,054) 6,571,617

Capital assets are not financial resources in governmental funds, but arereported in the statement of net position at their depreciable value:

Land 18,411,541 Construction in progress 2,551,839 Buildings and land improvements 168,694,421 Equipment and furniture 19,694,663 Infrastructure 363,122,827

Total capital assets 572,475,291 Less accumulated depreciation (260,754,648) 311,720,643

Prepaid expenses are not financial assets in governmental funds, but are reported in the statement of net position. 190,626

Certain assets will be collected after year-end but are not available soon enough to pay for the current period's expenditures, and therefore aredeferred inflows of resources in governmental funds:

Receivables: Property taxes and interest - general fund 1,980,046 Property taxes and interest - public safety local option tax levy 559,102 Court fines 10,213,284 12,752,432

Road assessments - unearned 27,719

Deferred amounts on refunded debt in governmental funds are expensed in the year paid, but are capitalized on the statement of net position asdeferred outflows of resources and amortized over the life of the debt. 1,003,336

Deferred inflows - pension (11,775,894) Deferred outflows - pension 50,564,767 Deferred inflows - OPEB (228,364) Deferred outflows - OPEB 19,693,813

Certain liabilities are not due and payable in the current period and aretherefore not reported in governmental funds:

Net pension liability (142,104,661) Total OPEB liability (47,432,827) Compensated absences payable (7,017,518) Interest payable (122,332) Notes payable (1,600,000) Bonds payable, net of premiums and discounts (21,987,799) (220,265,137)

Net Position - governmental activities 362,314,964$


37

Lane County, Oregon

Statement of Revenues, Expenditures, and Changes in Fund BalancesGovernmental FundsFor the Fiscal Year Ended June 30, 2019

General Road

Special Revenue /

Services

REVENUESTaxes and assessments, net of refunds 48,035,925$ 2,310$ 3,771,141$ Licenses and permits 988,885 158,536 - Intergovernmental 20,135,865 41,865,479 18,218,315 Charges for services 2,710,213 1,476,143 2,247,476 Fines, forfeitures and penalties 855,963 - 198,807 Administrative and facility charges - - - Investment earnings 1,136,640 928,508 379,021 Sale and rental of property 401,681 452,278 261,719

Total revenues 74,265,172 44,883,254 25,076,479

EXPENDITURESCurrent:

General government 9,602,909 (89,752) 434,086 Public safety 43,760,942 - 17,885,389 Public health and welfare - - 1,308 Parks - - 2,762 Roads and bridges 134,628 22,474,613 262,437 Community development - - 3,756,162

Debt service:Principal - - - Interest - - -

Capital outlay 262,414 8,298,442 52,384

Total expenditures 53,760,893 30,683,303 22,394,528

Excess (deficiency) of revenuesover (under) expenditures 20,504,279 14,199,951 2,681,951

OTHER FINANCING SOURCES (USES)Transfers in 1,523,023 - 2,034,872 Transfers out (12,321,816) (1,000,000) (1,966,014)

Total other financing sources (uses) (10,798,793) (1,000,000) 68,858

Net change in fund balances 9,705,486 13,199,951 2,750,809

Fund balance, June 30, 2018 24,648,384 34,347,361 12,226,125 Increase (decrease) in inventories (27,573) (76,141) -

Fund balance, June 30, 2019 34,326,297$ 47,471,171$ 14,976,934$


38

Health & Human

Services

Trillium

Behavioral Health

Local Option Tax

Levy

Other

Governmental

Funds

Total

Governmental

Funds

-$ -$ 17,125,200$ 2,609,515$ 71,544,091$ 992,855 - - 246,839 2,387,115

67,711,224 7,791,653 341,321 20,329,345 176,393,202 16,168,034 34,913 1,837 2,053,759 24,692,375

118,342 - - 79,068 1,252,180 - - - 2,858,148 2,858,148

401,268 576,603 804,811 514,411 4,741,262 344,361 - - 4,603,733 6,063,772

85,736,084 8,403,169 18,273,169 33,294,818 289,932,145

- - - 4,625,087 14,572,330 - - 15,268,151 9,097 76,923,579

87,530,630 5,458,956 1,972,034 17,835,285 112,798,213 - - - 3,419,462 3,422,224 - - - 416,514 23,288,192 - - - - 3,756,162

- - - 2,830,000 2,830,000 - - - 925,945 925,945

306,499 - 31,913 7,305,593 16,257,245

87,837,129 5,458,956 17,272,098 37,366,983 254,773,890

(2,101,045) 2,944,213 1,001,071 (4,072,165) 35,158,255

9,595,806 704,171 - 4,014,089 17,871,961 (1,341,289) (245,551) - (1,293,969) (18,168,639)

8,254,517 458,620 - 2,720,120 (296,678)

6,153,472 3,402,833 1,001,071 (1,352,045) 34,861,577

20,894,593 19,029,273 23,234,904 22,943,963 157,324,603 (23,060) - - - (126,774)

27,025,005$ 22,432,106$ 24,235,975$ 21,591,918$ 192,059,406$

39

Lane County, Oregon

Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of ActivitiesFor the Fiscal Year Ended June 30, 2019

Net change in fund balances - governmental funds 34,861,577$ Amounts reported for governmental activities in the statementof activities are different because:

Internal service funds are used by management to charge the costs of certainactivities to individual funds. The change in internal service fund net positionis included with governmental activities in the statement of activities:

Change in net position 5,101,505$

An adjustment is required to eliminate the change in net position of internal servicefunds back to the governmental activities that helped finance them. The adjustmentrelated to enterprise activities is required in this reconciliation. (879,429) 4,222,076

Governmental funds report capital outlays as expenditures; in the statement ofactivities the cost of those assets is allocated over their estimated useful livesas depreciation expense:

Land 5,868,804 Construction in progress 964,844 Buildings and land improvements 968,465 Equipment and furniture 740,875 Infrastructure 7,857,870 Depreciation expense (19,024,922) (2,624,064)

Governmental funds do not report prepaid expenses and deposits; in the statement of activities prepayments are expensed when incurred. (74,998)

Certain revenues may not be collected for several months after year end; theyare not considered "available" and are deferred inflows of resources in the governmental funds:

Receivables: Property taxes (2,539,363) Court fines 1,913,149 Road assessments (2,309) (628,523)

The issuance of long-term debt (notes, bonds, capital leases) providescurrent financial resources to governmental funds; the repayment of long-termdebt consumes current financial resources in the governmental funds.Current period long-term debt transactions were:

Bond principal payments 2,830,000

Increase (decrease) in inventory in governmental funds (126,774)

Note and bond premiums and discounts are reported in governmental fundsin the year received or paid, but are capitalized on the statement of netposition and amortized over the life of the notes and bonds:

Bond premium amortization 233,408 Deferred outflows of resources - deferred amounts on refunding bonds (171,046) 62,362

Conversion of reporting pension and OPEB information to a full accrual basis of accounting:Pension expense (governmental funds only) (14,324,956) OPEB expense (governmental funds only) (6,923,180) Miscellaneous Fees/Reimbursement OPEB payment (governmental funds only) 3,963,950 (17,284,186)

Some items reported in the statement of activities do not require the use ofcurrent financial resources and therefore are not reported as expendituresin governmental funds:

Decrease (increase) in accrued interest 17,165 Decrease (increase) in accrued compensated benefits (169,268) (152,103)

The net effect of various miscellaneous transactions involving

capital assets (sales and dispositions, trade-ins, and donations) (520,945)

Change in net position - governmental activities 20,564,422$


41

Lane County, Oregon

Statement of Fund Net PositionProprietary FundsJune 30, 2019

Solid Waste

Disposal

Land

Management

Other

Enterprise

Funds

Total

Enterprise

Funds

Governmental

Activities-

Internal Service

Funds

ASSSETSCurrent assetsCash and cash equivalents 27,660,441$ 7,653,108$ 5,010,414$ 40,323,963$ 80,100,878$ Receivables (net of uncollectibles):

Investment earnings 104,728 24,245 21,746 150,719 403,487 Accounts 2,299,347 26,627 549,940 2,875,914 75,359 Interest on balances - - - - 33

Due from other funds - - - - 2,665,123 Interfund loans receivable 692,804 - - 692,804 - Inventories - - - - 982,768 Prepaids - 4,200 42,565 46,765 232,935

Total current assets 30,757,320 7,708,180 5,624,665 44,090,165 84,460,583

Noncurrent assetsDeposits - - - - 100,000 Net OPEB asset - RHIA 51,408 19,743 8,562 79,713 54,868 Capital assets:

Land 7,982,761 - 909,878 8,892,639 - Buildings and land improvements 22,008,728 - 23,728,880 45,737,608 525,370 Equipment and furniture 4,395,072 208,532 2,091,850 6,695,454 31,322,913 Construction in progress 4,805,988 - - 4,805,988 1,322,088

Accumulated depreciation (16,177,588) (139,913) (21,191,582) (37,509,083) (21,446,304)

Total noncurrent assets 23,066,369 88,362 5,547,588 28,702,319 11,878,935

DEFERRED OUTFLOWS OF RESOURCESPension plan 2,982,669 1,227,108 381,211 4,590,988 4,208,249 OPEB - RHIA 25,062 8,982 3,912 37,956 27,288 OPEB - county plan 1,201,661 482,912 208,887 1,893,460 1,264,549

Total deferred outflows of resources 4,209,392 1,719,002 594,010 6,522,404 5,500,086

Total assets and deferred outflows of resources 58,033,081 9,515,544 11,766,263 79,314,888 101,839,604

LIABILITIESCurrent liabilitiesAccounts payable 535,634 155,257 145,593 836,484 2,123,894 Wages and benefits payable 194,734 81,513 31,725 307,972 1,354,500 Compensated absences payable 462,470 135,810 45,868 644,148 585,913 Claims payable - - - - 7,883,000 Due to other funds 135,653 53,706 21,185 210,544 151,232 Interest payable - - - - 276,798 Unearned revenue 1,989 - 127,633 129,622 - Interfund loans payable - - - - 692,804 Customer deposits - - 131,515 131,515 5,372 Bonds payable - - - - 4,405,000

Total current liabilities 1,330,480 426,286 503,519 2,260,285 17,478,513

Noncurrent liabilitiesTotal OPEB liability 3,056,284 1,149,499 499,164 4,704,947 3,282,257 PERS liability 8,470,437 3,342,797 1,067,838 12,881,072 11,977,251 Bonds payable (net of unamortized discounts) - - - - 47,837,777 Landfill closure and postclosure care liability 5,602,623 - - 5,602,623 -

Total noncurrent liabilities 17,129,344 4,492,296 1,567,002 23,188,642 63,097,285

DEFERRED INFLOWS OF RESOURCESPension plan 638,897 210,415 82,361 931,673 989,511 OPEB - RHIA 14,504 5,398 2,346 22,248 15,624

Total deferred inflows of resources 653,401 215,813 84,707 953,921 1,005,135

Total liabilities and deferred inflows of resources 19,113,225 5,134,395 2,155,228 26,402,848 81,580,933

NET POSITIONNet investment in capital assets 23,014,961 68,619 5,539,026 28,622,606 11,724,067 Restricted for:

Landfill Closure and postclosure Liability 5,602,623 - - 5,602,623 - Unrestricted 10,302,272 4,312,530 4,072,009 18,686,811 8,534,604

Total net position 38,919,856$ 4,381,149$ 9,611,035$ 52,912,040 20,258,671$

Adjustment to reflect consolidation of internal service fund activities related to enterprise funds 13,687,054

Net position of business-type activities 66,599,094$


Business-Type Activities - Enterprise Funds

42

Lane County, Oregon

Statement of Revenues, Expenses, and Changes in Fund Net PositionProprietary FundsFor the Fiscal Year Ended June 30, 2019

Solid Waste

Disposal

Land

Management

Fund

Other

Enterprise

Funds

Total Enterprise

Funds

Governmental

Activities -

Internal Service

Funds

OPERATING REVENUESLicenses and permits -$ 2,323,395$ -$ 2,323,395$ -$ Charges for services 21,210,738 3,942,533 1,812,709 26,965,980 94,595,525 Fines, forfeitures and penalties - 3,570 - 3,570 (5,254) Administrative and facility charges - 22,500 - 22,500 675 Sale and rental of property 852,191 48,023 1,260,168 2,160,382 36,268

Total operating revenues 22,062,929 6,340,021 3,072,877 31,475,827 94,627,214

OPERATING EXPENSESPersonnel services 9,556,172 4,132,436 1,578,288 15,266,896 12,308,787 Materials and services 7,655,377 1,923,425 2,464,072 12,042,874 76,359,260 Landfill closure and postclosure care costs 390,344 - - 390,344 - Depreciation 1,454,705 22,003 430,241 1,906,949 2,013,943

Total operating expenses 19,056,598 6,077,864 4,472,601 29,607,063 90,681,990

Operating income (loss) 3,006,331 262,157 (1,399,724) 1,868,764 3,945,224

NONOPERATING REVENUES (EXPENSES)Taxes and assessments, net of refunds - - 1,921,417 1,921,417 - Intergovernmental 24,301 21,912 53,167 99,380 1,820,506 Contributions to other governments - - - - (97,244) Investment earnings 740,153 195,068 129,641 1,064,862 2,900,339 Interest expense - - - - (3,862,848) Gain (loss) on capital asset disposal (47,311) - (15,277) (62,588) 133,284

Total nonoperating revenues 717,143 216,980 2,088,948 3,023,071 894,037

Income before contributions and transfers 3,723,474 479,137 689,224 4,891,835 4,839,261

Capital contributions - - - - 23,744 Transfers in 31,500 134,191 - 165,691 8,770,977 Transfers out - - (107,513) (107,513) (8,532,477)

Change in net position 3,754,974 613,328 581,711 4,950,013 5,101,505

Total net position, June 30, 2018 35,164,882 3,767,821 9,029,324 15,157,166

Total net position, June 30, 2019 38,919,856$ 4,381,149$ 9,611,035$ 20,258,671$

Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds. 879,429

Change in net position of business-type activities 5,829,442$



43

Lane County, Oregon

Statement of Cash FlowsProprietary FundsFor the Fiscal Year Ended June 30, 2019

Other Total GovernmentalSolid Waste Land Enterprise Enterprise Activities-Internal

Disposal Management Funds Funds Service Funds

CASH FLOWS FROM OPERATING ACTIVITIESReceipts from customers and users 20,487,869$ 6,274,681$ 1,838,341$ 28,600,891$ 15,700,961$ Receipts from facilities rent 852,191 48,023 1,260,168 2,160,382 36,268 Receipts from interfund services - - - - 78,583,656 Payments to employees (4,939,925) (2,247,689) (913,255) (8,100,869) (6,827,388) Payments to suppliers (4,633,438) (1,335,212) (2,032,261) (8,000,911) (74,806,691) Payments for interfund services (6,677,163) (1,981,099) (614,502) (9,272,764) (4,539,008)

Net cash provided by (used for) operating activities 5,089,534 758,704 (461,509) 5,386,729 8,147,798

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIESIntergovernmental subsidies 24,301 21,912 53,167 99,380 1,824,321 Principal paid on pension bonds - - - - (4,050,000) Interest paid on pension bonds - - - - (3,321,565) Interfund loans granted (640,000) - - (640,000) 640,000 Interfund loan repayment received 333,688 - - 333,688 (333,688) Transfers in - 134,191 - 134,191 8,798,645 Transfers out - - (107,513) (107,513) (8,528,645)

Net cash provided by (used for) noncapital financing activities (282,011) 156,103 (54,346) (180,254) (4,970,932)

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIESTransient room tax - - 1,921,417 1,921,417 - Interest paid on long-term debt - - - - (5,725) Proceeds from sale of property 3,199 - - 3,199 168,495 Purchases of capital assets (1,442,771) - (106,821) (1,549,592) (4,306,080)

Net cash provided by (used for) capital and related financing activities (1,439,572) - 1,814,596 375,024 (4,143,310)

CASH FLOWS FROM INVESTING ACTIVITIESInvestment earnings 718,346 193,700 123,088 1,035,134 2,794,344

Net cash provided by (used for) investing activities 718,346 193,700 123,088 1,035,134 2,794,344

Net increase (decrease) in cash and cash equivalents 4,086,297 1,108,507 1,421,829 6,616,633 1,827,900 Cash and cash equivalents, June 30, 2018 23,574,144 6,544,601 3,588,585 33,707,330 78,272,978

Cash and cash equivalents, June 30, 2019 27,660,441$ 7,653,108$ 5,010,414$ 40,323,963$ 80,100,878$

Reconciliation of operating income (loss) tonet cash provided by (used for) operating activities:

Operating income (loss) 3,006,331$ 262,157$ (1,399,724)$ 1,868,764$ 3,945,224$

Adjustments to reconcile operating income (loss)to net cash provided by (used for) operating activities:

Landfill closure and postclosure care costs 390,344 - - 390,344 - Depreciation 1,454,705 22,003 430,241 1,906,949 2,013,943 (Increase) decrease in receivables (723,008) (17,317) 43,121 (697,204) (3,106) (Increase) decrease in due from other funds - - - - (301,854) (Increase) decrease in inventories - - - - (143,018) (Increase) decrease in prepaids - (4,200) 371,397 367,197 117,380 Increase (decrease) in accounts payable (60,849) 42,585 (10,233) (28,497) (759,997) Increase (decrease) in wages and benefits payable 10,183 9,000 438 19,621 332,830 Increase (decrease) in compensated absences payable (10,686) 8,926 (16,422) (18,182) 42,119 Increase (decrease) in claims payable - - - - 1,627,000 Increase (decrease) in due to other funds 8,763 7,735 1,672 18,170 8,409 Increase (decrease) in unearned revenue 139 - (34,536) (34,397) - Increase (decrease) in customer deposits - - 17,047 17,047 (1,370) Increase (decrease) in total OPEB liability 1,382,684 555,659 240,355 2,178,698 1,455,049 Increase (decrease) in net pension liability 1,022,558 436,182 127,563 1,586,303 1,327,064 Increase (decrease) in deferred inflows 393,037 169,162 48,850 611,049 502,738 (Increase) decrease in deferred outflows (1,784,667) (733,188) (281,278) (2,799,133) (2,014,613)

Net cash provided by (used for) operating activities 5,089,534$ 758,704$ (461,509)$ 5,386,729$ 8,147,798$

Noncash investing, capital, and financing activities:Net contributions of capital assets (to) from governmental funds -$ -$ -$ -$ (73,500)$ Net transfers of capital assets (to) from other proprietary funds 31,500 - - 31,500 (31,500) Increase (decrease) in fair value of investments 234,781 62,731 37,211 334,723 742,303



44

Lane County, Oregon

Statement of Fiduciary Net PositionProperty Tax AgencyJune 30, 2019

Property Tax

Agency

ASSETSCash and cash equivalents 3,245,144$ Receivables (net of uncollectibles):

Property taxes 17,737,388 Accounts 3,508,481

Total assets 24,491,013$

LIABILITIESAccounts payable 352,642 Due to other governments 24,138,371

Total liabilities 24,491,013$


45

basic financial statements - lane county · basic financial statements . lane county, oregon...

Documents