Document Allencounty_doc_11ae0e5818

ALLEN COUNTY GOVERNMENT Fort Wayne, Indiana ANNUAL FINANCIAL REPORT For The Year Ended December 31, 2018 B53336 FILED 09/17/2019 ---PAGE BREAK--- TABLE OF CONTENTS Description Page Schedule of Officials 3 Independent Auditor's Report 4-6 Management's Discussion and Analysis 7-17 Basic Financial Statements and Accompanying Notes: Government-Wide Financial Statements: Statement of Net Position 19 Statement of Activities 20 Fund Financial Statements: Balance Sheet – Governmental Funds 21 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds 22 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities 23 Statement of Net Position – Proprietary Funds 24 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds 25 Statement of Cash Flows – Proprietary Funds 26 Statement of Fiduciary Net Position – Fiduciary Funds 27 Statement of Changes in Fiduciary Net Position – Fiduciary Funds 28 Notes to Financial Statements 29-77 Required Supplementary Information: Schedules of Changes in the County’s Net Pension Liability and Related . 78-79 Schedules of County 80-81 Schedules of Investment 82-83 Schedule of Proportionate Share of Net Pension Liability and Related Ratios – INPRS (PERF) 84 Schedule of Employer Contributions – INPRS 85 Schedule of Changes in the County’s Net Other Post-Employment Benefits 86 Budgetary Comparison Schedules – General Fund and Major Special Revenue Funds 87 Budget/GAAP Reconciliation 88 Notes to Required Supplementary Information 89 Supplementary Information: Non-Major Governmental Funds: Combining Balance Sheet – Non-Major Governmental Funds 90-125 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Non-Major Governmental Funds 126-153 Non-Major Proprietary Funds: Combining Statement of Net Position – Internal Service Funds 154 Combining Statement of Revenues, Expenses, and Changes in Net Position – Internal Service Funds 155 Combining Statement of Cash Flows – Internal Service Funds 156 1 ---PAGE BREAK--- TABLE OF CONTENTS (Continued) Non-Major Fiduciary Funds: Combining Statement of Fiduciary Net Position – Agency Funds 157-160 Combining Statement of Changes in Assets and Liabilities – Agency Funds 161-163 Other 164 2 ---PAGE BREAK--- SCHEDULE OF OFFICIALS Office Official Term County Auditor Nicholas D. Jordan 01-19-17 to 12-31-22 County Treasurer William F. Royce 01-01-17 to 12-31-20 Clerk of the Circuit Court Lisbeth A. Borgmann 01-01-15 to 12-31-18 Christopher M. Nancarrow 01-01-19 to 12-31-22 County Sheriff David J. Gladieux 01-01-15 to 12-31-22 County Recorder Anita A. Mather 01-01-15 to 12-31-22 Circuit Court Judge Honorable Thomas J. Felts 01-01-15 to 12-31-20 Superior Court Judge Honorable Daniel G. Heath 01-01-15 to 12-31-20 President of the Board of County Commissioners Therese M. Brown 01-01-17 to 12-31-18 F. Nelson Peters 01-01-19 to 12-31-19 President of the County Council Joel M. Benz 01-01-18 to 12-31-18 Thomas A. Harris 01-01-19 to 12-31-19 3 ---PAGE BREAK--- STATE OF INDIANA AN EQUAL OPPORTUNITY EMPLOYER STATE BOARD OF ACCOUNTS 302 WEST WASHINGTON STREET ROOM E418 INDIANAPOLIS, INDIANA 46204-2769 Telephone: (317) 232-2513 Fax: (317) 232-4711 Web Site: www.in.gov/sboa INDEPENDENT AUDITOR'S REPORT TO: THE OFFICIALS OF ALLEN COUNTY, INDIANA Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of Allen County (County), as of and for the year ended December 31, 2018, and the related notes to the financial statements, which collectively comprise the County's basic financial statements as listed in the Table of Contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presen- tation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and dis- closures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the County's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the County's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. 4 ---PAGE BREAK--- INDEPENDENT AUDITOR'S REPORT (Continued) Basis for Qualified Opinion on the Aggregate Discretely Presented Component Units The County has not included the Southwest Allen County Fire District as a discretely presented component unit in the County's financial statements as required by accounting standards generally accepted in the United States of America. The Southwest Allen County Fire District represents 6.8 percent, 8.8 percent, and 11.2 percent of the assets, net position, and revenues, respectively, of the County's aggregate discretely presented component units. Qualified Opinion on the Aggregate Discretely Presented Component Units In our opinion, except for the effects of the matter discussed in the Basis for Qualified Opinion on the Aggregate Discretely Presented Component Units paragraph, the financial statements referred to above present fairly, in all material respects, the respective financial position of the aggregate discretely presented component units, in accordance with accounting principles generally accepted in the United States of America, as of and for the year ended December 31, 2018. Unmodified Opinions In our opinion, based on our audit, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the County, as of December 31, 2018, and the respective changes in financial position and, where applicable, cash flows thereof and for the year then ended in accordance with accounting principles generally accepted in the United States of America. Emphasis of Matter As discussed in Note III(F) to the financial statements, the County adopted new accounting guidance, GASB Statement 75 Accounting and Financial Reporting for Postemployment Benefits other than Pensions. Our opinion is not modified with respect to this matter. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis, Schedules of Changes in the County's Net Pension Liability and Related Ratios, Schedules of County Contributions, Schedules of Investment Returns, Schedule of Proportionate Share of Net Pension Liability and Related Ratios - INPRS (PERF), Schedule of Employer Contributions - INPRS (PERF), Schedule of Changes in the County's Net Other Post-Employment Benefits, Budgetary Comparison Schedules - General Fund and Major Special Revenue Funds, and Budget/GAAP Reconciliation, as listed in the Table of Contents, be presented to supplement the basic financial state- ments. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. 5 ---PAGE BREAK--- INDEPENDENT AUDITOR'S REPORT (Continued) Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the County's basic financial statements. The accompanying Combining Balance Sheet - Non-Major Governmental Funds, Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-Major Governmental Funds, Combining Statement of Net Position - Internal Service Funds, Combining Statement of Revenues, Expenses, and Changes in Net Position - Internal Service Funds, Combining Statement of Cash Flows - Internal Service Funds, Combining Statement of Fiduciary Net Position - Agency Funds, and Combining Statement of Changes in Assets and Liabilities - Agency Funds are presented for purposes of additional analysis and are not a required part of the basic financial statements. The Combining Balance Sheet - Non-Major Governmental Funds, Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-Major Governmental Funds, Combining Statement of Net Position - Internal Service Funds, Combining Statement of Revenues, Expenses, and Changes in Net Position - Internal Service Funds, Combining Statement of Cash Flows - Internal Service Funds, Combining Statement of Fiduciary Net Position - Agency Funds, and Combining Statement of Changes in Assets and Liabilities - Agency Funds are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the Combining Balance Sheet - Non-Major Governmental Funds, Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-Major Governmental Funds, Combining Statement of Net Position - Internal Service Funds, Combining Statement of Revenues, Expenses, and Changes in Net Position - Internal Service Funds, Combining Statement of Cash Flows - Internal Service Funds, Combining Statement of Fiduciary Net Position - Agency Funds, and Combining Statement of Changes in Assets and Liabilities - Agency Funds are fairly stated, in all material respects, in relation to the basic financial statements as a whole. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated August 15, 2019, on our consideration of the County's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the County's internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the County's internal control over financial reporting and compliance. Paul D. Joyce, CPA State Examiner August 15, 2019 6 ---PAGE BREAK--- MANAGEMENT’S DISCUSSION AND ANALYSIS The management of Allen County (the County) provides the following discussion and analysis as insight into the financial performance of the County during the year ended December 31, 2018. Please read it in conjunction with the County’s basic financial statements and notes to the basic financial statements following this section. FINANCIAL HIGHLIGHTS  The assets and deferred outflows of resources of the County exceeded its liabilities and deferred inflows of resources at the close of 2018 by $498.2 million (total net position), an increase of $3.5 million, .7 percent, over the restated beginning 2018 total net position of $494.6 million. Of this amount, $105.1 million (unrestricted net position) may be used to meet the County’s ongoing obligations to citizens, $11.3 million is restricted for debt service and other specific purposes (restricted net position), and $381.8 million is invested in capital assets, net of related debt.  The total net position of the County’s governmental activities increased by $3.5 million or .8 percent over the restated beginning 2018 net position. The County implemented GASB 75 Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions which resulted in a $5.5 million , 1.2%, reduction in beginning net position to fully account for the net OPEB liability. The $3.5 million increase is primarily the result of an $11.4 million decrease in liabilities which are overwhelmingly comprised of the $7.5 million decrease in net pension liability and $4.9 million decrease in debt service obligations. Assets and deferred outflows decreased $7.8 million primarily due to the $17.7 million decrease in capital assets and $4.7 million in pension related deferred outflows. The total net position of the County’s business activities increased by $.02 million or .04 percent, and is mainly due to the $2.8 million reduction in the first mortgage revenue bonds payable.  At the end of 2018, the County’s governmental funds reported a combined ending fund balance of $141.6 million, an increase of $10.1 million or 7.7 percent from 2018. In accordance with GASB 54 the total Fund Balance is broken down as $1 million Nonspendable, $72.6 million as Restricted, $28 million Committed, $16.4 million Assigned, and $23.6 million as Unassigned.  At the end of 2018, the unassigned fund balance for the General Fund was $24.2 million or 24.6 percent of the 2018 General Fund expenditures.  During 2018, the County’s total debt decreased by $8.2 million or 12.9 percent. The decrease is attributed to regularly scheduled debt service payments.. OVERVIEW OF THE FINANCIAL STATEMENTS This discussion and analysis are intended to serve as an introduction to the County’s basic financial statements. The County’s basic financial statements comprise three components 1) Government-wide financial statements; 2) Fund financial statements and 3) Notes to the basic financial statements. Government-wide Financial Statements present the financial picture of the County from the economic resources measurement focus using the accrual basis of accounting, in a manner similar to a private- sector business. The government-wide financial statements are composed of two statements: the statement of net position and the statement of activities. The statement of net position presents information on all of the County’s assets and liabilities, and deferred outflows and deferred inflows of resources, with the difference between them reported as total net position. Total net position is then broken down between governmental and business-type activities. Over time, increases or decreases in net position will show the fluctuation in the County’s financial position. The statement of activities presents information on all of the County’s revenues and expenses, showing how the County’s general expenses less the program revenues equal net expenses for the most recent fiscal year. General revenues are then subtracted from net expenses to get the change in net position. All of the current year’s revenues and expenses are taken into account regardless of when the cash is 7 ---PAGE BREAK--- received or paid. Thus, revenues and expenses are reported in this statement for some items that will result in cash flows in future fiscal periods uncollected taxes and earned but unused vacation leave). Both of these government-wide financial statements distinguish functions of the County that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or in part a portion of their costs through user fees and charges (business-type activities). The governmental activities include general government, public safety, public highways and facilities, health and sanitation, economic development, and recreation. The business-type activities of the County include the Allen County War Memorial Coliseum. Component units are included in our basic financial statements according to GASB 61 and consist of legally separate entities for which the County is financially accountable and that have substantially the same board as the County or provide services entirely to the County. Examples are: the Allen County Juvenile Justice Center Building Corporation and the Allen County Jail Building Corporation which were established for the sole purpose of financing the new juvenile and jail facilities. The Building Corporations are part of the primary government because the nature of the relationship to the County is significant. The Allen County Public Library is reported as discretely presented component unit because they have some financial accountability to the County’s Council. The government-wide financial statements can be found on pages 19 and 20 of this report. Fund Financial Statements are groupings of related accounts that are used to maintain control over resources that have been segregated for specific activities or objectives. Certain funds are required to be established by State Statute and by bond covenants, while others are adopted to help administer monies set aside for a limited purpose. The County, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance related legal requirements. All of the funds of the County can be divided into three categories: governmental funds, proprietary funds and fiduciary funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements use modified accrual method of accounting which focuses on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. This information may be useful in evaluating the County’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. This comparison will make it easier to understand the long-term impact of the county’s near-term financing decisions. Both the governmental funds balance sheet and the governmental funds statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The County maintains approximately 250 individual governmental funds. Information is presented separately in the governmental funds balance sheet and in the governmental funds statement of revenues, expenditures, and changes in fund balances for the General Fund, Rainy Day Fund, and the Local Income Tax Economic Development Fund (LIT Economic Development). The governmental funds financial statements can be found on pages 21 through 23 of this report. Proprietary funds are maintained two ways. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The County uses enterprise funds to account for the Allen County War Memorial Coliseum. Internal Service funds are an accounting device used to accumulate and allocate cost internally among the County’s various functions. The County uses internal service funds to account for its costs associated with group health insurance, workers compensation, liability/vehicle expenses, telephones/internet, printing, and other office supplies. Because these services predominantly benefit governmental rather than business-type functions, they have been included within governmental activities in the government-wide financial statements. 8 ---PAGE BREAK--- Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The Allen County War Memorial Coliseum is considered to be a major fund of the County and is shown separately. The County’s internal service funds are combined into a single, aggregated presentation in the proprietary fund financial statements. The proprietary funds financial statements can be found on pages 24 through 26 of this report. Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the County’s own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. The County has two types of fiduciary funds: Pension Trust and Agency funds (which are clearing accounts for assets held by the County in its role as custodian until the funds are allocated to the private parties, organizations, or government agencies to which they belong). The fiduciary funds financial statements can be found on pages 27 and 28 of this report. Notes to the Basic Financial Statements provide additional information that is essential to a full understanding of the data provided in the government-wide financial statements and the fund financial statements. The notes can be found on pages 29 through 77 of this report. Required Supplementary Information is presented concerning the County’s General Fund Budgetary Schedule, Schedules of Changes in the County’s Net Pension and OPEB Liabilities and Related Ratios, Schedules of County Contributions, and Schedules of Investment Returns. The County adopts an annual appropriated budget for its General Fund. A Budgetary Comparison Schedule has been provided for the General Fund and Major Special Revenue Funds to demonstrate compliance with their budgets. The Schedules of Changes in the County’s Net Pension and OPEB Liabilities and Related Ratios, Schedules of County Contributions and Schedules of Investment Returns, Schedule of Proportionate Share Net Pension Liability and Related Ratios and Schedule of Employer Contributions have been provided to present Allen County’s progress in funding its obligation to provide post-employment benefits to County employees. Required supplementary information can be found on pages 78 through 89 of this report. 9 ---PAGE BREAK--- GOVERNMENT-WIDE FINANCIAL ANALYSIS The County’s (primary government) assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $498.2 million at the close of 2018, increasing the solid financial position of the County. The largest portion of the County’s total net position (total assets less total liabilities) is its investment in capital assets of $381.8 million or 76.7 percent. The capital assets decreased $11.9 million or 3 percent from 2017 due to the County removing the portion of the Maplecrest Rd bridge located within the City of FT Wayne with a net value of $22.7 million. Capital assets include land, construction in progress, buildings and improvements, machinery and equipment, infrastructure, intangible assets and net investment in joint venture, less any outstanding debt used to acquire these assets. These assets are designated as invested in capital assets because they are used to provide the everyday services citizens of the County expect; they are not liquid and are not available for future spending. The debt associated with these capital assets must be paid from sources other than the capital assets themselves. The remainder of the County’s total net position is designated as either restricted or unrestricted. The restricted portion, which totals $11.3 million or 2.3 percent, is funds that is subject to an external restriction and cannot be spent on general daily operations. The unrestricted portion of the total net position increased $16.8 million or 19 percent. The main factor in this increase is a $9.5 million net increase in cash and cash equivalents and investments of governmental activities. Another $4.1 million is an increase in Taxes Receivable. The Net pension liability decreased $7.5 million but was almost completely offset by an increase in Pension related deferred outflows of $2.1 million and a decrease of $4.7 mil in Pension related deferred inflows. The County’s component units showed assets exceeding liabilities by $95.5 million at the end of 2018. Of the total net position, $47.6 million or 49.8% is invested in capital assets less any outstanding debt used to acquire these assets. These assets are designated as invested in capital assets because they are used to provide the everyday services to the users of the component units, these assets are not liquid and are not available for future spending. Similar to the County debt, it must be paid from other funding sources as the capital assets themselves are not liquid, nor can they be. The component units remaining assets were made up of $27.1 million or 28.3% of restricted dollars that are subject to an external restriction and $20.8 million or 21.8% of unrestricted dollars that can be used to provide daily operations for the component units. 2018 2017 2018 2017 2018 2017 2018 2017 Assets 176,981 $ 162,226 $ 16,849 $ 12,980 $ 193,830 $ 175,206 $ 58,259 $ 53,770 $ Capital assets 370,663 388,403 66,275 68,565 436,938 456,968 67,387 69,955 Total assets 547,644 550,629 83,124 81,545 630,768 632,174 125,646 123,725 Deferred Outflows 13,751 18,604 408 467 14,159 19,071 854 2,387 Current liabilities 18,947 19,048 9,434 5,181 28,381 24,229 7,166 7,393 Noncurrent liablilities 79,986 88,682 27,385 30,138 107,371 118,820 22,215 29,859 Total liabilities 98,933 107,730 36,819 35,319 135,752 143,049 29,381 37,252 Deferred Inflows 11,010 8,032 - - 11,010 8,032 1,601 1,170 Net Position 451,452 $ 453,471 $ 46,713 $ 46,693 $ 498,165 $ 500,164 $ 95,518 $ 87,690 $ Invested(Net) in capital assets 345,019 $ 357,271 $ 36,772 $ 36,395 $ 381,791 $ 393,666 $ 47,595 $ 44,262 $ Restricted 2,597 3,696 8,696 8,979 11,293 12,675 27,064 26,655 Unrestricted 103,836 92,504 1,245 1,319 105,081 93,823 20,859 16,773 Total net position 451,452 $ 453,471 $ 46,713 $ 46,693 $ 498,165 $ 500,164 $ 95,518 $ 87,690 $ Component Units County's Net Position (amounts expressed in thousands) Governmental Business-type Activities Activities Total 10 ---PAGE BREAK--- Governmental activities. Governmental activities account for 90.6% of the County’s total net position as of December 31, 2018. 2018 2017 2018 2017 2018 2017 2018 2017 Revenues: Program revenues: Charges for services 24,005 $ 21,555 $ 5,950 $ 6,186 $ 29,955 $ 27,741 $ 496 $ 520 $ Operating grants and contributions 33,655 29,151 - - 33,655 29,151 4,324 4,551 Capital grants and contributions 2,754 6,519 - - 2,754 6,519 - - General Revenue: Property taxes 76,218 73,254 - - 76,218 73,254 25,734 26,173 LIT Econ Development 12,162 8,243 - - 12,162 8,243 - - LIT Cert Shares and Public Safety 18,470 20,175 - - 18,470 20,175 4,817 4,307 Excise/Commercial Veh taxes 6,607 5,900 - - 6,607 5,900 - - Franchise taxes 401 402 - - 401 402 - - Other taxes 8,157 5,761 - - 8,157 5,761 2,340 2,337 Food and beverage taxes - - 2,530 2,498 2,530 2,498 - - Sports and convention taxes - - 2,959 2,722 2,959 2,722 - - Unrestricted investment earnings 3,012 1,438 157 55 3,169 1,493 387 152 Misc and refund and reimburse 3,353 3,266 - - 3,353 3,266 789 1,115 Total Revenues 188,794 175,664 11,596 11,461 200,390 187,125 38,887 39,155 Expenses: General government 51,410 53,150 - - 51,410 53,150 - - Public safety 70,056 65,980 - - 70,056 65,980 - - Highways and streets 49,215 11,166 - - 49,215 11,166 - - Sanitation 7 111 - - 7 111 - - Economic development 8,830 7,678 - - 8,830 7,678 - - Health and welfare 13,578 12,426 - - 13,578 12,426 - - Culture and recreation 813 705 - - 813 705 - - Coliseum - - 11,454 10,678 11,454 10,678 - - Southwest AC Fire District - - - - - - - - AC - Solid Waste District - - - - - - - - Allen County Public Library - - - - - - 31,060 30,444 Total expenses 193,909 151,216 11,454 10,678 205,363 161,894 31,060 30,444 Change in net position before special items (5,115) 24,448 142 783 (4,973) 25,231 7,827 8,711 Change in net pension 687 - - - 687 - Change in OPEB liability 921 (345) - - 921 (345) - - Contributed capital 7,019 6,656 17 - 7,036 6,656 - - Gain(Loss) on disposal of assets - - (139) 7 (139) 7 - - Loss on transfer of assets to City of Fort Wayne - (27,298) - - - (27,298) - - Change in net position 3,512 3,461 20 790 3,532 4,251 7,827 8,711 Net position- beginning 453,471 450,010 46,693 45,903 500,164 495,913 87,690 78,979 Prior period adjustment - (5,531) - - - (5,531) - - - See Note III.F. Net position- beginning(restated) 447,940 450,010 46,693 45,903 494,633 495,913 87,690 78,979 Net position- ending 451,452 $ 453,471 $ 46,713 $ 46,693 $ 498,165 $ 500,164 $ 95,517 $ 87,690 $ Component Units Total (Amounts expressed in thousands) Allen County Changes in Net Position Governmental Activities Business-type Activities 11 ---PAGE BREAK--- Expenses and Program Revenues – Governmental Activities Revenues by Source – Governmental Activities Expenses by Function/Program – Governmental Activities - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation 51,410 70,056 49,215 7 8,830 13,578 813 10,189 24,920 17,211 1,186 - 6,712 197 (In Thousands) Expenses Revenues Property tax 40.4% LIT Econ Development 6.4% LIT Cert Shares and Public Safety 9.8% Excise/Commercial Vehicle Excise taxes 3.5% Charges for services 12.7% Other taxes 4.3% Franchise taxes 0.2% Unrestricted investment earnings 1.6% Operating grants and contributions 17.8% Capital Grants and Contributions 1.5% Misc and refunds and reimbursements 1.8% General government 26.7% Public safety 36.3% Highways and streets 25.5% Economic development 4.6% Health and welfare 6.5% Culture, Recreation, & Sanitation 0.4% 12 ---PAGE BREAK--- Business-type activities. Business-type activities account for 9.4% of the County’s total net position as of December 31, 2018. The Allen County War Memorial Coliseum is the only branch of County government included in business-type activities. The Allen County War Memorial Coliseum had revenues totaling $11.6 million and incurred $11.6 million of expenses. The total revenues include $5.9 million of program revenue and $5.7 million combined from the Food & Beverage Taxes, Sports & Convention Taxes, and unrestricted investment earnings. Revenues by Source – Business-type Activities Governmental funds. The general government functions are contained in the General, Special revenue, Debt service, and Capital project funds. The focus of the County’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources (modified accrual). Such information is useful in assessing the County’s financing requirements. In accordance with GASB 54 fund balances are classified as such: Nonspendable, Restricted, Committed, Assigned, and Unassigned. The classifications are primarily based on the degree to which the County is bound by constraints on resources reported in the funds. Further detailed information regarding how the County’s resources are allocated into the above-mentioned classifications can be found in Note I, Section D, Subsection 10 of the notes to the financial statements. As of December 31, 2018, the County’s governmental funds reported a combined ending fund balance of $141.6 million, an increase of $10.1 million or 7.7 percent in comparison to December 31, 2017. Assets increased $13.5 million, overwhelmingly due to the $28.1 million increase in Investments being partially offset by the $19.3 million decrease Cash and cash equivalents. Receivables increased $4.8 million. Liabilities decreased million due to less interfund loans and accounts payable, while deferred inflows of resources increased $4 million mainly as a result of unavailable income tax revenue. Approximately $1 million or .7 percent of the combined ending fund balance are assets held for resale and constitute the Nonspendable fund balance. The majority, $72.6 million or 51.3 percent, of County resources in the combined ending fund balance are Restricted for a specific purpose designated by enabling legislation, constitutional provision or external parties. Resources that are constrained by the highest level of decision making authority, which is the County Council and County Commissioners, are classified as Committed and account for $28 million or 19.7 percent of the combined ending fund balance. Assigned resources comprise $16.4 million or 11.6 percent of the combined ending fund balance are intended to be used for specific resources of the primary government but do not meet the criteria to be classified as Nonspendable, Restricted, or Committed. The General Fund had an Unassigned Fund balance of $24.3 million and the overall Unassigned Fund balance at December 31, 2018, was $23.6 million or 16.7%. Unassigned fund balances represent resources that do not fall into any of the other classifications and only the General fund may report positive Unassigned balances. Other Governmental funds may report negative Unassigned fund balances in instances where expenditures exceed the Restricted, Committed, or Assigned resources of the fund. At December 31, 2018, approximately million of negative Unassigned fund balance was reported in the Other Governmental Funds. With the Charges for services 51.3% Sports and convention tax 25.5% Food and beverage tax 21.8% Unrestricted investment earnings 1.4% 13 ---PAGE BREAK--- exception of a very minor amount due to grant reimbursement, this negative Unassigned fund balance is related to Tax Increment Finance (TIF) district infrastructure improvement expenditures that are financed through interfund loans and are being repaid as TIF property tax revenues are collected. The General Fund is the chief operating fund of the County. At December 31, 2018, the combined fund balance of the Assigned and Unassigned classifications in the General Fund was $24.8 million. As a measure of the General Fund liquidity, you can compare the combined fund balance of these classifications to the total expenditures. The General Fund expenditures for fiscal year ended 2018 were $98.8 million. Thus, the amount of resources determined to be readily available for expenditure and not bound to restriction or constraint, represents 25.1 percent of the General Fund expenditures for 2018. This ratio decreased by 10.5 percent from 2017 in part because of an unplanned $1 million expense to the IRS and other general operating increases related to personnel. Furthermore, $5 million of previously Unassigned resources is now Committed to the Work Release building renovation. The fund balance of the County General Fund increased by $3.7 million during fiscal year ended 2018. This is largely due to General Fund revenues exceeding expenditures by $5.4 million and only being offset by a net transfer out of $1.7 million. The General Fund cash and cash equivalents decreased $7.5 million but Investments increased $10.9 million. This net $3.3 million increase can be attributed to a $3.9 million increase in tax collections but other fees and charges for services decreased from 2017. In comparison to 2017, General Fund revenues increased $5.8 million or 5.9% while expenses increased $8.1 million or 8.9% from 2017 due to reasons previously mentioned. In addition to the General Fund, the County has two other funds that meet the major fund criteria, which are: the County’s Rainy Day Fund and the Local Income Tax Economic Development Fund. The County’s Rainy Day Fund provides stability to government services and programs during an economic downturn and has also been used as a source of internal financing for certain capital purchases in order to avoid external financing related borrowing costs. The County’s Rainy Day Fund was first established in 2004 and has an assigned fund balance of $15.3 million at the end of 2018. During 2018 the Rainy Day Fund’s only activity was the generation of million interest revenue and a $1.7 million transfer in from the General Fund as the County Council wanted to increase the Rainy Day Fund balance. The LIT Economic Development Fund is primarily used to fund economic development initiatives and the related infrastructure, as well as other general infrastructure improvements throughout the County. The LIT Economic Development Fund had a fund balance of $21 million at the end of 2018. This is a $1.2 million or 6.3 percent increase over 2017 resulting from a net transfer in of million and income taxes exceeding expenses by million. Total Other Governmental Fund revenue increased $5.3 million for 2018 driven by higher Charges for services and Other revenues. With the dissolution of the Solid Waste District and creation of a new internal department, the Solid Waste user fee fund contributed $1.1 million in charges and $1.4 million in Other revenue. Youth Services and Jail Commissary also both had million increases in charges for services. The Allen County Community Development and Unsafe Building Funds had a combined million in Other revenue related to the rehabilitation and sale of County owned properties. Other Governmental expenditures increased $3.2 mil driven by increased expenditures in Highway and Streets, Health and Welfare and Sanitation. The Sanitation increase is due to now including Allen County Dept of Environmental Mgmt as a department vs a stand-alone district. Overall the Other Governmental Funds 2018 ending fund balance of $75.6 million is a $3.2 million increase from 2017 that reflects the amount revenues exceeded expenditures with minor exception for million transferred out. Proprietary funds. The County’s proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail. Unrestricted net position amounted to $1.2 million for the Allen County War Memorial Coliseum and $9.5 million for the County’s Internal Service funds. The Coliseum had a net operating loss of $4.5 million that was offset by non-operating revenue of $4.5 million leaving total net position relatively unchanged at $46.7 million. The County’s internal service fund is primarily a Health Self-Insurance fund. The 2018 contributions to the Health Self-Insurance fund were approximately million more than expenses and combined with the million interest revenue are the result of the total net position increase. Health insurance claims increased by million from 2017. 14 ---PAGE BREAK--- GENERAL FUND BUDGETARY HIGHLIGHTS The County’s final General Fund budget for 2018 exceeded its original budget by approximately $4.9 million or 5 The key elements of the difference between the original budget and final budget are listed below:  $5 million was an additional appropriation to fund improvements on the newly purchased Work Release building  million was related to a matching contribution to the Lutheran Foundation in support of a state pilot program for treatment of offenders with substance use disorders  million for additional Jail personnel overtime funding and Public Defense of cases Actual expenditures were approximately $3.9 million less than final budgeted appropriations. The significant unspent appropriations primarily consisted of $2.3 million in salaries and benefits which are related to turnover and unfilled positions throughout various departments with the highest being the Allen County Auditor at million due to FICA monies associated with the IRS Audit; $1.3 million in services mainly comprised of unspent funding for utilities, and lastly a combined million in Supplies and Capital. For year-end December 31, 2018, General Fund revenues received were approximately $4.8 million greater than budgeted. Some of the significant contributions to actual revenues exceeding the budgeted figures are:  collection of approximately $1 million more in property and income taxes  million more in vehicle excise tax dollars  million more than estimated for Youth Services Center reimbursement  an additional $1.3 million reimbursement for care of prisoner’s  million more interest revenue  million greater reimbursement for Child Support Expenditures  million in additional building permit revenue. CAPITAL ASSETS AND DEBT ADMINISTRATION Capital assets. The County’s investment in capital assets for its governmental and business-type activities as of December 31, 2018 was $437 million (net of accumulated depreciation), a decrease of $20 million or (4.4) percent. The decrease is for the most part due to the previously mentioned $22.7 million transfer of Maplecrest bridge asset from the County to the City of Fort Wayne as this portion is located within the incorporated area and now being maintained by the City of Fort Wayne. This investment in capital assets includes land and easements, infrastructure, construction in progress, buildings and improvements, equipment, intangible assets and net investment in joint venture. 15 ---PAGE BREAK--- 2018 2017 2018 2017 2018 2017 Land and easements 10,551 $ 10,583 $ 381 $ 381 $ 10,932 $ 10,964 $ Construction in progess 42,158 61,019 4 54 42,162 61,073 Buildings and improvements 71,970 73,657 61,811 65,109 133,781 138,766 Machinery and equipment 11,989 11,291 4,079 3,021 16,068 14,312 Infrastructure being depreciated 230,962 228,632 - - 230,962 228,632 Intangible assets 368 405 - - 368 405 Net investment in joint venture 2,665 2,816 - - 2,665 2,816 370,663 $ 388,403 $ 66,275 $ 68,565 $ 436,938 $ 456,968 $ Total Governmental Activities Business-type Activities Primary Government Capital Assets (net of depreciation) (amounts expressed in thousands) The County’s infrastructure assets are recorded at historical costs in the government-wide financials as required by GASB Statement No. 34. The County has elected to use the straight-line depreciation method to report these assets as opposed to the modified approach. Additional information on the County’s capital assets can be found in Note III.B on pages 46 and 48 of this report. Long-term debt. At December 31, 2018, the County had total debt outstanding of $55.6 million. Of this amount, $32.9 million of first mortgage bonds, $22.7 million of revenue bonds. 2018 2017 2018 2017 2018 2017 General Obligation Bonds - $ - $ - $ - $ - $ - $ First Mortgage Bonds 3,000 6,076 29,910 32,638 32,910 38,714 Revenue Bonds 22,645 25,057 - - 22,645 25,057 25,645 $ 31,133 $ 29,910 $ 32,638 $ 55,555 $ 63,771 $ Total Governmental Activities Business-type Activities Primary Government Outstanding Debt General Obligation Bonds, First Mortgage Bonds, and Revenue Bonds (including bond discounts, premiums or losses) (amounts expressed in thousands) Outstanding debt decreased $8.2 million or 12.9 percent, which is due to regularly scheduled debt service payments. The County currently maintains an Aa3 Underlying rating from Moody’s Investor Services for the 2016 Jail Building first mortgage bonds, and the Memorial Coliseum first mortgage series 2016, 2014 and 2011. Moody’s provided an Aa2 Underlying rating for the 2016 Maplecrest Bridge Revenue Bonds. Approximately $1.6 million of the 2011 Juvenile Justice Center bonds remaining from the 2004 series refunding and all three Series of the 2015 General Motors Tax Increment Revenue bonds have an A2 rating. At December 31, 2018 the County had a net pension liability of $48.5 million which is $7.5 million or 13.3 percent less than the December 31, 2017 net pension liability. After taking into consideration the restatement, OPEB liability decreased from $11.3 million to $10.5 million or 6.7 percent for the same period. Deferred outflows of resources related to pensions and OPEB were $12.1 million compared with $11 million in deferred inflows of resources related to pensions. 16 ---PAGE BREAK--- In addition to the indebtedness noted above, the County also has long-term liabilities for compensated absences totaling $3.7 million at December 31, 2018 compared with $3.5 million at year end 2017. Additional information on the County’s long-term debt can be found in Note III.D on pages 48 through 50 of this report. ECONOMIC FACTORS AND NEXT YEAR’S BUDGET AND RATES  The County is located in northeastern Indiana, approximately 125 miles northeast of Indianapolis. The County is the largest county in the State of Indiana in terms of square miles. The City of Fort Wayne is the second largest city in the state and serves as the economic hub for the area. The west central part of the County is dominated by the City of Fort Wayne with approximately 71% of the County’s population. The eastern half of the county is largely agricultural with several small cities and towns.  Going into 2019, economic growth has not halted in the County. The local real estate market continues to be a “seller’s market” and that correlates with the 6.9% increase in net assessed value from 2018 to 2019. This increase almost doubles the prior year over year increase which was a 10 yr high. The higher net assessed values have also resulted in lower property tax rates, but still generating more property tax revenue than prior year. The County received another supplemental income tax distribution during 2019 which is distributed based on our Trust Balance exceeding 15% of the certified distribution amount. In essence, local income tax revenue continues to increase year over year. Annual Average Employment for Allen County increased 2.15% from 2017 to 2018 and every month through April 2019 has increased over the 2018 annual average employed. More people actively working generally correlates with increased income tax revenue as well as the ability to purchase real estate driving up property tax collections. Both 2017 and 2018 were record years for building permits pulled and that trend continues in 2019 so far. Expectations are that the positive economic trends will continue at least until 2021.  The County continues to operate as efficiently as possible within our available funding sources. As evident in our growing net position, but more importantly the growth in our Unrestricted Net position in both of the last two years, the County continues to operate with a balanced budget. The County is positioned to improve on our fiscal position with minimal debt and balanced budget. The 2019 overall County budget increased 3.6% over 2018. The General Fund increase was over but it is anticipated that 3-4% of this increase will revert back to the cash balance as it has in the past. The County does anticipate some large one-time expenditures in the works including the new Work Release facility as well as the possible re-location of Community Corrections. Existing reserves from the sale of other County owned property are anticipated to be the funding sources for both of these projects. These factors along with others were considered when preparing the County’s budget for the 2019 fiscal year. REQUEST FOR INFORMATION This financial report is designed to provide a general overview of the County’s finances for all of those with an interest in the County’s finances (including the County’s taxpayers, citizens, investors, creditors, and customers). Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Allen County Auditor, 1 East Main Street, Suite 102, Fort Wayne, Indiana 46802-1887 or [EMAIL REDACTED]. 17 ---PAGE BREAK--- BASIC FINANCIAL STATEMENTS AND ACCOMPANYING NOTES The financial statements and accompanying notes were prepared by management of the County. The financial statements and notes are presented as intended by the County. 18 ---PAGE BREAK--- Governmental Business-Type Component Assets Activities Activities Totals Unit Cash and cash equivalents - unrestricted 113,496,410 $ 393,488 $ 113,889,898 $ 35,067,510 $ Investments - unrestricted 42,638,576 133,522 42,772,098 19,954,544 Receivables (net of allowances for uncollectibles): Interest 323,177 1,017 324,194 87,881 Taxes 13,926,913 - 13,926,913 1,324,978 Accounts 906,926 381,126 1,288,052 - Special assessments 55,368 - 55,368 - Intergovernmental 2,867,794 - 2,867,794 1,515,056 Suite - 691,500 691,500 - Other - - - 175,052 Inventories 1,272,419 - 1,272,419 - Prepaid expense 526,902 183,160 710,062 134,299 Assets held for resale 966,088 - 966,088 - Restricted assets: Cash and cash equivalents - restricted - 10,592,264 10,592,264 - Cash with fiscal agent - restricted - 38,253 38,253 - Investments - restricted - 1,700,755 1,700,755 - Interest receivable - 12,949 12,949 - Taxes receivable - 2,278,093 2,278,093 - Suite receivable - 443,250 443,250 - Capital assets: Land and construction in progress 52,709,075 384,737 53,093,812 5,954,969 Other capital assets, net of depreciation 317,954,358 65,889,728 383,844,086 61,431,963 Total assets 547,644,006 83,123,842 630,767,848 125,646,252 Deferred Outflows of Resources Unamortized loss on refunding 1,649,385 407,557 2,056,942 - Pension related 12,102,055 - 12,102,055 854,069 Total deferred outflow of resources 13,751,440 407,557 14,158,997 854,069 Liabilities Accounts payable 3,708,218 133,212 3,841,430 591,015 Accrued payroll and withholdings payable 5,084,717 210,293 5,295,010 463,350 Taxes payable - 2,191 2,191 - Accrued interest payable - - - 96,594 Incurred but not reported claims 1,474,745 - 1,474,745 - Unearned revenue - 1,468,726 1,468,726 - Payable from restricted assets: Accounts payable - 39,739 39,739 - Ticket office customer deposits payable - 4,710,005 4,710,005 - First mortgage revenue bonds - due within one year - 2,525,000 2,525,000 - Accrued interest payable 289,391 191,809 481,200 - Noncurrent liabilities: Due within one year: First mortgage general obligation bonds payable 2,035,851 - 2,035,851 5,885,000 Compensated absences 3,734,400 152,522 3,886,922 130,424 Revenue bonds payable 2,305,000 - 2,305,000 - Due in more than one year: First mortgage general obligation bonds payable (net of premium) 963,272 - 963,272 13,544,713 First mortgage revenue bonds payable (net of premium) - 27,385,406 27,385,406 - Compensated absences - - - 652,122 Revenue bonds payable (net of premium/discounts) 20,340,236 - 20,340,236 - Unearned revenue - - - 1,400,735 Net pension liability 48,504,039 - 48,504,039 6,617,444 Net other postemployment benefits liability 10,492,917 - 10,492,917 - Total liabilities 98,932,786 36,818,903 135,751,689 29,381,397 Deferred Inflows of Resources Unamortized gain on refunding 34,242 - 34,242 306,506 Other postemployment benefits related 870,850 - 870,850 - Pension related 10,105,104 - 10,105,104 1,294,823 Total deferred inflows of resources 11,010,196 - 11,010,196 1,601,329 Net position Net investment in capital assets 345,019,074 36,771,616 381,790,690 47,595,426 Restricted for: Capital projects - 38,253 38,253 3,643,391 Debt service 1,281,905 - 1,281,905 6,136,643 Perpetual endowment subject to donor stipulations - - - 10,000,713 Perpetual endowment subject to time restrictions - - - 2,955,237 Other purposes 1,315,694 8,657,788 9,973,482 4,327,702 Unrestricted 103,835,791 1,244,839 105,080,630 20,858,483 Total net position 451,452,464 $ 46,712,496 $ 498,164,960 $ 95,517,595 $ The notes to the financial statements are an integral part of this statement. Primary Government ALLEN COUNTY STATEMENT OF NET POSITION December 31, 2018 19 ---PAGE BREAK--- Operating Capital Charges for Grants and Grants and Governmental Business-Type Component Functions/Programs Expenses Services Contributions Contributions Activities Activities Totals Units Primary government: Governmental activities: General government 51,410,360 $ 6,996,764 $ 3,191,881 $ - $ (41,221,715) $ - $ (41,221,715) $ - $ Public safety 70,055,804 11,624,191 13,295,523 - (45,136,090) - (45,136,090) - Highways and streets 49,214,540 472,266 13,984,731 2,754,276 (32,003,267) - (32,003,267) - Sanitation 6,545 1,186,414 - - 1,179,869 - 1,179,869 - Economic development 8,829,901 - - - (8,829,901) - (8,829,901) - Health and welfare 13,578,427 3,546,963 3,164,969 - (6,866,495) - (6,866,495) - Culture and recreation 813,266 178,751 18,143 - (616,372) - (616,372) - Total governmental activities 193,908,843 24,005,349 33,655,247 2,754,276 (133,493,971) - (133,493,971) - Business-type activities: Coliseum 11,454,384 5,949,860 - - - (5,504,524) (5,504,524) - Total primary government 205,363,227 $ 29,955,209 $ 33,655,247 $ 2,754,276 $ (133,493,971) (5,504,524) (138,998,495) - Component unit: Allen County Public Library 31,059,667 $ 496,339 $ 4,324,014 $ - $ - - - (26,239,314) General revenues: Property taxes 76,217,739 - 76,217,739 25,734,440 LIT economic development 12,162,181 - 12,162,181 - LIT distributive shares 18,470,147 - 18,470,147 4,816,523 Excise/Commercial Vehicle Excise Taxes 6,606,974 - 6,606,974 - Franchise taxes 400,859 - 400,859 - Other taxes 8,156,647 - 8,156,647 2,340,420 Food and beverage taxes - 2,529,913 2,529,913 - Sports and convention taxes - 2,959,191 2,959,191 - Unrestricted investment earnings 3,011,890 157,065 3,168,955 386,756 Miscellaneous and refunds and reimbursements 3,353,008 - 3,353,008 788,366 Change in pension liability 686,686 686,686 - Change in other postemployment benefits liability 921,393 - 921,393 - Capital contributions 7,019,172 17,140 7,036,312 - Loss on disposal of assets - (139,011) (139,011) - Total general revenues 137,006,696 5,524,298 142,530,994 34,066,505 Change in net position 3,512,725 19,774 3,532,499 7,827,191 Net position - beginning 453,471,230 46,692,722 500,163,952 87,690,404 Prior period adjustment -See Note III. F. (5,531,491) - (5,531,491) - Net position - beginning (restated) 447,939,739 46,692,722 494,632,461 87,690,404 Net position - ending 451,452,464 $ 46,712,496 $ 498,164,960 $ 95,517,595 $ The notes to the financial statements are an integral part of this statement. Program Revenues Net (Expense) Revenue and Changes in Net Position Primary Government ALLEN COUNTY STATEMENT OF ACTIVITIES For The Year Ended December 31, 2018 20 ---PAGE BREAK--- Local Income Other Tax - Economic Governmental Assets General Rainy Day Development Funds Totals Cash and cash equivalents 17,582,560 $ 11,215,087 $ 15,313,126 $ 60,141,985 $ 104,252,758 $ Investments 14,929,030 3,875,571 5,261,407 16,723,976 40,789,984 Receivables (net of allowances for uncollectibles): Interest 165,524 29,508 - 114,070 309,102 Taxes 8,817,598 - 3,363,344 1,745,971 13,926,913 Accounts 311,345 - - 490,488 801,833 Special assessments - - - 55,368 55,368 Intergovernmental 2,113,654 - 182,099 572,041 2,867,794 Interfund receivable: Interfund loans 146,588 133,850 797,882 161,106 1,239,426 Assets held for resale - - - 966,088 966,088 Total assets 44,066,299 $ 15,254,016 $ 24,917,858 $ 80,971,093 $ 165,209,266 $ Liabilities, Deferred Inflows of Resources, Fund Balances Liabilities: Accounts payable 1,507,852 $ - $ 578,228 $ 1,343,231 $ 3,429,311 $ Accrued payroll and withholdings payable 3,916,147 - 16,471 1,152,099 5,084,717 Interfund payable: Interfund loans - - - 1,239,426 1,239,426 Total liabilities 5,423,999 - 594,699 3,734,756 9,753,454 Deferred inflows of resources: Unavailable revenue - property taxes 2,413,718 - - 398,534 2,812,252 Unavailable revenue - license excise taxes 1,020,986 - - 168,576 1,189,562 Unavailable revenue - income taxes 5,382,894 - 3,363,344 1,072,043 9,818,281 Total deferred inflows of resources 8,817,598 - 3,363,344 1,639,153 13,820,095 Fund balances: Nonspendable fund balance - - - 966,088 966,088 Restricted fund balance - - 1,315,694 71,320,318 72,636,012 Committed fund balance 4,996,525 - 19,644,121 3,332,195 27,972,841 Assigned fund balance 578,282 15,254,016 - 615,281 16,447,579 Unassigned fund balance 24,249,895 - - (636,698) 23,613,197 Total fund balances 29,824,702 15,254,016 20,959,815 75,597,184 141,635,717 Total liabilities, deferred inflows of resources, and fund balances 44,066,299 $ 15,254,016 $ 24,917,858 $ 80,971,093 $ Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds. 370,663,433 Other long-term assets are not available to pay for current-period expenditures and, therefore, are deferred in the funds. 27,721,471 Internal service funds are used by management to charge the costs of certain services to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the Statement of Net Position. 9,457,760 Long-term liabilities, including bonds payable, are not due and payable in the current period and, therefore, are not reported in the funds. (39,028,961) Net pension liabilities are not due and payable in the current period and, therefore, are not reported in the funds. (48,504,039) Net other postemployment benefits liability is not due and payable in the current period (10,492,917) and, therefore, is not reported in the funds. Net position of governmental activities 451,452,464 $ ALLEN COUNTY BALANCE SHEET - GOVERNMENTAL FUNDS December 31, 2018 The notes to the financial statements are an integral part of this statement. 21 ---PAGE BREAK--- Local Income Other Total Tax - Economic Governmental Governmental General Rainy Day Development Funds Funds Revenues: Taxes 78,414,636 $ - $ 10,647,303 $ 20,657,987 $ 109,719,926 $ Special assessments - - - 996,859 996,859 Licenses and permits 2,689,192 - - - 2,689,192 Intergovernmental 14,627,253 - 2,039,972 26,601,294 43,268,519 Charges for services 4,373,436 - - 13,033,153 17,406,589 Fines and forfeits 948,032 - - 2,436,600 3,384,632 Other 3,166,160 277,703 - 3,787,339 7,231,202 Total revenues 104,218,709 277,703 12,687,275 67,513,232 184,696,919 Expenditures: Current: General government 44,525,127 - - 4,324,424 48,849,551 Public safety 47,420,514 - - 20,047,475 67,467,989 Highways and streets - - - 15,687,144 15,687,144 Sanitation - - - 1,179,566 1,179,566 Economic development 19,200 - - 56,100 75,300 Health and welfare 6,258,257 - - 7,309,628 13,567,885 Culture and recreation 568,743 - - 223,992 792,735 Debt service: Principal - - - 5,201,537 5,201,537 Interest - - - 2,256,054 2,256,054 Capital outlay: Economic development - - 11,741,329 7,586,329 19,327,658 Special assessment - - - 200,477 200,477 Total expenditures 98,791,841 - 11,741,329 64,072,726 174,605,896 Excess (deficiency) of revenues over (under) expenditures 5,426,868 277,703 945,946 3,440,506 10,091,023 Other financing sources (uses): Transfers in 88,191 1,700,000 1,541,348 8,083,731 11,413,270 Transfers out (1,845,000) - (1,250,000) (8,318,270) (11,413,270) Total other financing sources and uses (1,756,809) 1,700,000 291,348 (234,539) - Net change in fund balances 3,670,059 1,977,703 1,237,294 3,205,967 10,091,023 Fund balances - beginning 26,154,643 13,276,313 19,722,521 72,391,217 131,544,694 Fund balances - ending 29,824,702 $ 15,254,016 $ 20,959,815 $ 75,597,184 $ 141,635,717 $ ALLEN COUNTY STATEMENT OF REVENUES, EXPENDITURES ,AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS For The Year Ended December 31, 2018 The notes to the financial statements are an integral part of this statement. 22 ---PAGE BREAK--- Net change in fund balances - total governmental funds (Statement of Revenues, Expenditures and Changes in Fund Balances). 10,091,023 $ Amounts reported for governmental activities in the Statement of Activities are different because: Governmental funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets, which meet capitalization requirements, is capitalized. The cost of depreciable assets is allocated over the estimated useful lives and reported as depreciation expense (functionalized). Capital assets not being depreciated: Land (31,964) Construction in progress (18,860,998) Total change in capital assets not being depreciated (18,892,962) Capital assets being depreciated: Buildings, net of $1,949,829 depreciation expense (1,672,541) Improvements other than buildings, net of $13,760 depreciation expense (13,760) Machinery and equipment, net of $1,820,200 depreciation expense 697,977 Infrastructure, net of $6,559,196 depreciation expense 2,329,120 Net investment in joint venture, net of $142,846 depreciation expense (150,778) Intangible assets, net of $37,033 depreciation expense (37,033) Total change in capital assets being depreciated 1,152,985 Total changes in capital assets (17,739,977) Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the governmental funds. 3,995,256 The issuance of long-term debt provides current financial resources to governmental funds, but increases the long-term liabilities on the Statement of Net Position. Repayment of principal for long-term debt consumes the current financial resources of governmental funds, but reduces long-term liabilities in the Statement of Net Position. This is the amount by which issuance repayments exceeds issuance proceeds. 5,201,535 Governmental funds report the effect of deferred loss on refunding, discounts and premiums when debt is first issued, whereas these amounts are deferred and amortized in the Statement of Activities. 133,013 Some expenses were deferred as assets in the Statement of Net Position and, therefore, were not reported in the Statement of Activities, but were reported as expenditures in the governmental funds. (193,118) Net pension liabilities are considered a long-term obligation of the general government, but are not current expenditures. 686,686 Other postemployment benefits liability is considered a long-term obligation of the general government, but is not a current expenditure. 921,393 Some expenses reported in the Statement of Activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. (213,228) Internal service funds are used by management to charge the costs of certain activities to individual funds. The net revenue (expense) of the internal service funds is reported with governmental activities. 630,142 Change in net position of governmental activities (Statement of Activities) 3,512,725 $ The notes to the financial statements are an integral part of this statement. ALLEN COUNTY RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES For The Year Ended December 31, 2018 23 ---PAGE BREAK--- Business-Type Activities - Enterprise Fund War Memorial Internal Assets Coliseum Service Funds Current assets: Cash and cash equivalents 393,488 $ 9,243,652 $ Investments 133,522 1,848,592 Interest receivable 1,017 14,075 Accounts receivable (net of allowance) 381,126 105,093 Suite receivable 691,500 - Prepaid items 183,160 - Total current assets 1,783,813 11,211,412 Noncurrent assets: Restricted cash, cash equivalents and investments: Cash and cash equivalents 10,592,264 - Cash with fiscal agent 38,253 - Investments 1,700,755 - Interest receivable 12,949 - Taxes receivable 2,278,093 - Suite receivable 443,250 - Capital assets: Land, and construction in progress 384,737 - Other capital assets (net of accumulated depreciation) 65,889,728 - Total noncurrent assets 81,340,029 - Deferred Outflows of Resources Unamortized loss on refunding 407,557 - Liabilities Current liabilities: Accounts payable 133,212 278,907 Accrued wages payable 210,293 - Taxes payable 2,191 - Compensated absences 152,522 - Incurred but not reported claims - 1,474,745 Unearned revenue 1,468,726 - Current liabilities payable from restricted assets: Accounts payable 39,739 - Ticket office customer deposits 4,710,005 - First mortgage revenue bonds payable 2,525,000 - Accrued interest payable 191,809 - Total current liabilities 9,433,497 1,753,652 Noncurrent liabilities: First mortgage revenue bonds payable (net of unamortized premium) 27,385,406 - Total liabilities 36,818,903 1,753,652 Net position Net investment in capital assets 36,771,616 - Restricted for capital assets 38,253 - Restricted for other purposes 8,657,788 - Unrestricted 1,244,839 9,457,760 Total net position 46,712,496 $ 9,457,760 $ ALLEN COUNTY STATEMENT OF NET POSITION - PROPRIETARY FUNDS December 31, 2018 The notes to the financial statements are an integral part of this statement. 24 ---PAGE BREAK--- Business-Type Activities - Enterprise Fund War Memorial Internal Coliseum Service Funds Operating revenues: Miscellaneous 118,902 $ 11,383 $ Rent 1,258,706 - Concessions 1,345,476 - Parking 1,643,710 - Ticket office 182,496 - Advertising 393,311 - Arena maintenance fee 311,889 - Suite/club seats 8,750 - Advance forfeiture rent 686,620 Employee/employer contributions - 13,964,792 Total operating revenues 5,949,860 13,976,175 Operating expenses: Salaries and wages 2,580,537 - Fringe benefits 693,188 - Materials and supplies 214,998 - Purchased services 1,424,273 - Utilities 864,836 - Miscellaneous 213,233 - Maintenance and repair 327,674 - Insurance claims and expenses - 13,436,792 Depreciation 4,111,468 - Total operating expenses 10,430,207 13,436,792 Operating Income (loss) (4,480,347) 539,383 Nonoperating revenues (expenses): Interest and investment revenue 157,065 90,759 Food and beverage taxes 2,529,913 - Sports and convention taxes 2,959,191 - Amortization of loss on bond refunding (59,642) - Interest expense (964,535) Loss on disposal of assets (139,011) - Total nonoperating revenue 4,482,981 90,759 Income before contributions 2,634 Capital contributions 17,140 Change in net position 19,774 630,142 Total net position - beginning 46,692,722 8,827,618 Total net position - ending 46,712,496 $ 9,457,760 $ ALLEN COUNTY STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION - PROPRIETARY FUNDS For The Year Ended December 31, 2018 The notes to the financial statements are an integral part of this statement. 25 ---PAGE BREAK--- Business-Type Activities - Enterprise Fund War Memorial Internal Coliseum Service Funds Cash flows from operating activities: Receipts from customers and users 5,694,321 $ 14,017,129 $ Payments to suppliers 275,060 (13,368,626) Payments to employees (2,526,111) - Other receipts - 11,383 Net cash provided (used) by operating activities 3,443,270 659,886 Cash flows from capital and related financing activities: Acquisition and construction of capital assets (1,942,704) - Principal paid on capital debt (2,500,000) - Interest paid on capital debt (1,227,243) - Food and beverage taxes 2,402,004 - Sports and convention taxes 2,819,061 - Net cash provided (used) by capital and related financing activities (448,882) - Cash flows from investing activities: Proceeds from sales and maturities of investments 712,506 291,849 Purchase of investments (1,834,277) (1,848,592) Interest received 152,351 80,474 Net cash provided (used) by investing activities (969,420) (1,476,269) Net increase (decrease) in cash and cash equivalents 2,024,968 (816,383) Cash and cash equivalents, January 1 8,999,037 10,060,035 Cash and cash equivalents, December 31 11,024,005 $ 9,243,652 $ Reconciliation of operating income (loss) to net cash provided by operating activities: Operating income (loss) (4,480,347) $ 539,383 $ Adjustments to reconcile operating income (loss) to net cash provided by operating activities: Depreciation expense 4,111,468 - (Increase) decrease in assets: Accounts receivable (166,427) 52,337 Prepaid items (51,418) - Increase (decrease) in liabilities: Customer deposits 4,139,030 - Accrued wages payable 47,522 - Accounts payable (71,366) (62,221) Unavailable revenue (89,112) - Taxes payable (2,984) - Compensated absence payable 6,904 - Incurred but not reported claims - 130,387 Total adjustments 7,923,617 120,503 Net cash provided (used) by operating activities 3,443,270 $ 659,886 $ ALLEN COUNTY STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS For The Year Ended December 31, 2018 The notes to the financial statements are an integral part of this statement. 26 ---PAGE BREAK--- Pension Trust Agency Assets Funds Funds Cash and cash equivalents 4,426,096 $ 19,330,083 $ Receivables: Taxes - 60,796,054 Accounts - 61,515 Interest and dividends 6,952 - Intergovernmental - 6,014,807 Contributions 19,445 - Total receivables 26,397 66,872,376 Investments at fair value: U.S. government securities - 25,449 Shares of unit investment trusts 46,236,297 - Total investments 46,236,297 25,449 Total assets 50,688,790 $ 86,227,908 $ Liabilities Payroll withholdings payable - $ 68,392 $ Intergovernmental payable - 100,022 Trust payable - 86,059,494 Total liabilities - 86,227,908 $ Net Position Net position held in trust for: Employees' pension benefits 50,688,790 Total net position restricted for pensions 50,688,790 $ ALLEN COUNTY STATEMENT OF FIDUCIARY NET POSITION - FIDUCIARY FUNDS December 31, 2018 The notes to the financial statements are an integral part of this statement. 27 ---PAGE BREAK--- Pension Trust Additions Funds Contributions: Employer 2,311,457 $ Plan members 251,858 Total contributions 2,563,315 Investment income: Net decrease in fair value of investments (3,641,844) Interest 1,363,662 Net investment income (2,278,182) Total additions 285,133 Deductions Benefits 2,931,549 Administrative expense 87,622 Total deductions 3,019,171 Changes in net position (2,734,038) Net position - beginning 53,422,828 Net position - ending 50,688,790 $ The notes to the financial statements are an integral part of this statement. ALLEN COUNTY STATEMENT OF CHANGES IN FIDUCIARY NET POSITION - FIDUCIARY FUNDS For The Year Ended December 31, 2018 28 ---PAGE BREAK--- ALLEN COUNTY NOTES TO FINANCIAL STATEMENTS I. Summary of Significant Accounting Policies A. Reporting Entity Allen County (primary government) was established under the laws of the State of Indiana. The primary government operates under a council-commissioner form of government and provides the following services: public safety (police and fire), highways and streets, health, welfare and social services, culture and recreation, public improvements, planning and zoning, and general administrative services. The accompanying financial statements present the activities of the primary government and its significant component units. The component units discussed below are included in the primary government's reporting entity because of the significance of their operational or financial relationships with the primary government. Blended component units, although legally separate entities are in substance part of the government's operations and exist solely to provide services for the government; data from these units is combined with data of the primary government. Discretely presented component units are involved in activities of an operational nature independent from the government; their transactions are reported in a separate column in the government-wide financial statements to emphasize that it is legally separate from the government. Blended Component Units The Allen County Jail Building Corporation is a significant blended component unit of the primary government. The primary government appoints a voting majority of the Jail Building Corporation's board and a financial benefit/burden relationship exists between the primary government and the Jail Building Corporation. Although it is legally separate from the primary government, the Allen County Jail Building Corporation is reported as if it were a part of the primary government because it provides services entirely or almost entirely to the primary government. The Allen County Juvenile Justice Center Building Corporation is a significant blended component unit of the primary government. The primary government appoints a voting majority of the Juvenile Justice Center Building Corporation’s board and a financial benefit/burden relationship exists between the primary government and the Juvenile Justice Center Building Corporation. Although it is legally separate from the primary government, the Allen County Juvenile Justice Center Building Corporation is reported as if it were a part of the primary government because it provides services entirely or almost entirely to the primary government. The Allen County War Memorial Coliseum Additions Building Corporation is a significant blended component unit of the primary government. The primary government appoints a voting majority of the Allen County War Memorial Coliseum Additions Building Corporation’s board and a financial benefit/burden relationship exists between the primary government and the Allen County War Memorial Coliseum Additions Building Corporation. Although it is legally separate from the primary government, the Allen County War Memorial Coliseum Additions Building Corporation is reported as if it were a part of the primary government because it provides services entirely or almost entirely to the primary government. Discretely Presented Component Unit The Allen County Public Library is a significant discretely presented component unit of the primary government. The primary government appoints a voting majority of the Allen County Public Library’s Board and is able to impose its will. It would be misleading to exclude the Allen County Public Library from the primary government’s financial statements because of its relationship with the primary government. 29 ---PAGE BREAK--- The financial statements of the individual component units may be obtained from their respective offices as follows: Allen County Jail Building Corporation c/o U.S. National Bank Association 10 W. Market Street, Suite 1150 Indianapolis, IN 46204 Allen County Juvenile Justice Center Building Corporation c/o Wells Fargo Bank Corporate Trust Department 111 E. Wayne Street Fort Wayne, IN 46801 Allen County War Memorial Coliseum Additions Building Corporation c/o Wells Fargo Bank Corporate Trust Department 111 E. Wayne Street Fort Wayne, IN 46801 Allen County Public Library 900 Library Plaza Fort Wayne, IN 46802 Joint Venture The primary government is a participant in a joint venture agreement with the City of Fort Wayne (City) for the operation of the City-County Building’s Plaza Parking Garage (Garage). The County and City each appoint three members of the Garage’s Condominium Association (Association). The County and City jointly appoint the seventh member. The Association is a not-for-profit corporation and is responsible for the operation of the garage. The County and City each have a 50 percent equity interest in the venture, with each entity having invested approximately $4.7 million in the project. The County’s share of construction cost was financed primarily from the proceeds of a 1995 Parking Garage Capital Lease and a $1.7 million 2001 Parking Garage Revenue Bond issue. The County’s equity interest was recorded in the County’s Capital Assets. The Net Investment in Joint Venture will be increased (decreased) by 50 percent of the Association’s net income (loss) each year. The County’s equity interest decreased by $7,932 for its share of the 2018 net loss. Complete financial statements for the Association can be obtained from the Controller, City of Fort Wayne, Suite 470, 200 East Berry Street, Fort Wayne, Indiana 46802. Related Organizations The primary government's officials are also responsible for appointing the members of the boards of other organizations, but the primary government's accountability for these organizations does not extend beyond making the appointments. The primary government appoints the board members of numerous organizations. B. Government-Wide and Fund Financial Statements Government-wide financial statements the Statement of Net Position and the Statement of Activities) report information on all of the nonfiduciary activities of the primary government and its component units. For the most part, the effect of interfund activity has been removed from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. Likewise, the primary government is reported separately from certain legally separate component units for which the primary government is financially accountable. 30 ---PAGE BREAK--- The Statement of Activities demonstrates the degree to which direct expenses of a given function or segments are offset by program revenues. Direct expenses are clearly identifiable with a specific function or segment. Program revenues include charges to customers or applicants who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment and grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. C. Measurement Focus, Basis of Accounting and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting as are the proprietary fund and fiduciary fund financial statements. Agency funds, however, report only assets and liabilities. Since, they do not report equity (or changes in equity), they have no measurement focus. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of the related cash flows. Property taxes are recognized in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the primary government considers revenues to be available if they are collected within sixty days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences, claims and judgments, are recorded only when payment is due. Property taxes, franchise taxes, licenses and permits, and interest associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period. Only the portion of special assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. All other revenue items are considered to be measurable and available only when the primary government receives cash. The primary government reports the following major governmental funds: The General fund is the primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The Rainy Day fund (special revenue) accounts for transfers of unused and unencumbered funds under IC 36-1-8-5. Local Income Tax – Economic Development (capital projects) accounts for the local economic development income tax revenue and economic related expenses of the general government. The primary government reports the following major proprietary fund: The War Memorial Coliseum fund accounts for the operation of an arena and exposition center, which house major sporting events, music concerts, conventions, meetings and other events. 31 ---PAGE BREAK--- Additionally, the primary government reports the following fund types: The internal service funds account for automobile collision and comprehensive, civil rights, errors and omissions, health and worker’s compensation insurance, and material and supply bulk purchasing, provided to other departments on a cost-reimbursement basis. The pension trust funds account for the activities of the sheriff’s pension trust and the sheriff’s benefit pension funds which accumulate resources for pension benefit payments. Agency funds account for assets held by the primary government as an agent for individuals, private organizations, and other governments and/or other funds. As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. Amounts reported as program revenues include charges to customers or applicants for goods, services or privileges provided, operating grants and contributions, and capital grants and contributions, including special assessments. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes. Proprietary funds distinguish operating revenues from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the enterprise funds and of the government’s internal service funds are charges to customers for sales and services. Operating expenses for enterprise funds and internal service funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. When both restricted and unrestricted resources are available for use, it is the primary government’s policy to use restricted resources first, then unrestricted resources as they are needed. D. Assets, Liabilities, and Net Position or Equity 1. Restricted Assets/Net Position All restricted assets/net position, as presented in the accompanying financial statements, are restricted due to enabling legislation. 2. Deposits and Investments The primary government’s cash and cash equivalents are considered to be cash on hand, demand deposits and short-term investments with original maturities of three months or less from the date of acquisition. State statute (IC 5-13-9) authorizes the primary government to invest in securities, including but not limited to, federal government securities, repurchase agreements, and certain money market mutual funds. Certain other statutory restrictions apply to all investments made by local governmental units. Nonparticipating certificates of deposit, demand deposits and similar nonparticipating negotiable instruments that are not reported as cash and cash equivalents are reported as investments at cost. Debt securities are reported at fair value. Debt securities are defined as securities backed by the full faith and credit of the United States Treasury or fully insured or guaranteed by the United States or any United States government agency. 32 ---PAGE BREAK--- Open-end mutual funds are reported at fair value. Money market investments that mature within one year or less at the date of their acquisition are reported at amortized cost. Other money market investments are reported at fair value. Investment income, including changes in the fair value of investments, is reported as revenue in the operating statement. 3. Interfund Transactions and Balances Activities between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as “interfund receivables/payables” the current and noncurrent portion of interfund loans). All other outstanding balances between funds are reported as “interfund services provided/used.” Any residual balances outstanding between the governmental activities and business-type activities are reported in the government-wide financial statements as “internal balances.” 4. Property Taxes Property taxes levied are collected by the County Treasurer and are distributed to the primary government in June and in December. State statute (IC 6-1.1-17-16) requires the Indiana Department of Local Government Finance to establish property tax rates and levies by February 15. These rates were based upon the preceding year’s lien date (March 1 in a year ending before January 1, 2016 and January 1 in a year beginning after December 31, 2015) assessed valuations adjusted for various tax credits. Taxable property is assessed at 100 percent of the true tax value (determined in accordance with rules and regulations adopted by the Indiana Department of Local Government Finance). Taxes may be paid in two equal installments that become delinquent if not paid by May 10 and November 10, respectively. All property taxes collected by the County Treasurer and available for distribution were distributed to the primary government prior to December 31 of the year collected. Delinquent property taxes outstanding at year end for governmental and/or proprietary funds, net of allowances for uncollectible accounts, are recorded as a receivable with an offset to deferred inflows of resources since amounts are not considered available. 5. Inventories and Prepaid Items All inventories are valued at cost using the first in/first out (FIFO) method. Inventories of governmental funds are recorded as expenditures when consumed rather than when purchased. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in government-wide but as expenditures in fund financial statements. 6. Capital Assets Capital assets, which include property, plant, equipment, and infrastructure assets roads, bridges, sidewalks, and similar items) are reported in the applicable governmental or business-type activities column in the government-wide financial statements. Capital assets are reported at actual or estimated historical cost based on appraisals or deflated current replacement cost. Contributed or donated assets are reported at estimated fair value at the time received. Capitalization thresholds (the dollar values above which asset acquisitions are added to the capital asset accounts), depreciation methods and estimated useful lives of capital assets reported in the government-wide statements and proprietary funds are as follows: 33 ---PAGE BREAK--- Capitalization Depreciation Estimated Threshold Method Useful Life Land All Capitalized N/A N/A Buildings $5,000 Straight-line 40-60 Years Improvements other than buildings 5,000 Straight-line 10-45 Years Machinery and equipment 5,000 Straight-line 5-25 Years Infrastructure 5,000 Straight-line 10-40 Years Intangible assets 5,000 Straight-line 15 Years Net investment in joint venture 5,000 Straight-line 40 Years N/A = Not applicable For depreciated assets, the cost of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed. Interest incurred during the construction phase of capital assets of business- type activities is included as part of the capitalized value of the assets constructed. The total interest expense incurred by the primary government in its business-type activities during the current year was $964,535. Of the amount, $0 was included as part of the cost of capital assets under construction. 7. Compensated Absences a. Sick Leave – primary government employees earn sick leave at the rate of 5 days per year. Unused sick leave may be accumulated to a maximum of 10 days. Accumulated sick leave is paid to employees through cash payments upon termination. b. Vacation Leave – primary government employees earn vacation leave on their anniversary date at rates from 10 days to 25 days per year based upon the number of years of service. Vacation leave does not accumulate from year to year. c. Personal Leave – primary government employees earn personal leave at the rate of 2 days per year. Personal leave does not accumulate from year to year. Vacation, sick and personal leave is accrued when incurred. 8. Long-Term Obligations In the government-wide financial statements and proprietary fund types in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities or proprietary fund type Statement of Net Position. Bond premiums, discounts, and loss on refunding are deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported net of the applicable bond premium or discount. In the fund financial statements, governmental fund types recognize bond premiums and discounts during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuance are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from actual debt proceeds received, are reported as debt service expenditures. 34 ---PAGE BREAK--- 9. Deferred Inflows/Outflows of Resources Deferred inflows of resources represent an acquisition of net position that applies to future periods. Deferred inflows of resources consist of pension and Other Post Employment Benefits (OPEB) related resources in the amount of $10,975,954 for 2018. These inflows consist of INPRS retirement system of $7,276,542, the County Police Retirement plan in the amount of $2,469,552, the County Police Supplemental Benefit plan in the amount of $359,010, and OPEB in the amount of $870,850. The unamortized gain on refunding for the Allen County Jail with a total gain of $111,286 and the unamortized amount of $34,242. Deferred outflows of resources represent a consumption of net position that applies to future periods. The Redevelopment GM TIF Bonds with a total loss of $154,581 the unamortized amount of $56,680 for Governmental Activities and the Allen County War Memorial Coliseum bonds for Business-Type Activities with a total loss of $407,043 the unamortized amount $309,051 for the 2016A Series and a total loss of $209,024 the unamortized amount of $98,506 for the 2011B Series, and the Maplecrest Road Bridge Bond 2016 with a total loss of $1,926,062 the unamortized amount of $1,592,705. The deferred outflows for governmental activities that is pension and OPEB related totals $12,102,055 and consists of INPRS retirement system of $4,513,880, the County Police Retirement plan in the amount of $7,095,435, the County Police Supplemental Benefit plan in the amount of $492,740, and OPEB 10. Fund Balance Fund balance is divided into five classifications based on GASB Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions. The primary government’s fund balances are reported under classifications of nonspendable, restricted, committed, assigned, and unassigned fund balances. The Classifications are as follows: Nonspendable – represents amounts that are not in spendable form; for example, inventories, prepaid amounts, the pledge of revenue for TIF bonds, or assets held for resale. Restricted – represents amounts that are constrained for a specific purpose by external parties such as grantors or imposed by law through constitutional provisions or enabling legislation. Committed – represents amounts that can only be used for a specific purpose imposed by formal action of the government’s highest level of decision making authority. The primary government’s highest level of decision making authority is the County Council and the County Commissioners. Assigned – represents amounts that are intended to be used by the primary government for specific purposes but do not meet the criteria to be classified as restricted or committed. Unassigned – represents fund balance that has not been assigned to other funds and that has not been restricted, committed, or assigned to specific purposes within the General Fund. Only the General Fund may report a positive unassigned fund balance; whereas, other governmental funds may need to report a negative unassigned fund balance if expenditures incurred for specific purposes exceeded the amounts restricted, committed, or assigned to those purposes. The County considers restricted amounts to have been spent when an expenditure is incurred for purposes for which both restricted and unrestricted fund balance is available. The County does not have a formal policy for its use of unrestricted fund balance amounts; therefore, it considers committed amounts used first, followed by assigned amounts, and then unassigned amounts when expenditures are incurred for purposes for which amounts in any of those unrestricted fund balance classifications could be used. 35 ---PAGE BREAK--- Local Income Tax Other Economic Governmental General Rainy Day Development Funds Totals Nonspendable fund balance: Economic development - - - 966,088 966,088 Restricted fund balance: General Government - - - 27,912,510 27,912,510 Public Safety - - - 9,820,804 9,820,804 Highw ays and Streets - - - 15,102,486 15,102,486 Sanitation - - - 1,586,640 1,586,640 Culture and Recreation - - - 839,947 839,947 Economic Development - - 1,315,694 12,536,993 13,852,687 Health and Welfare - - - 3,520,938 3,520,938 Total restricted fund balance - - 1,315,694 71,320,318 72,636,012 For functionalized classification of fund balance, please refer to Note II. B. II. Stewardship, Compliance and Accountability A. Budgetary Information Annual budgets are adopted on the cash basis which is not consistent with accounting principles generally accepted in the United States. All annual appropriations lapse at fiscal year-end. On or before August 31, the County Auditor submits to the County Council a proposed operating budget for the year commencing the following January 1. Prior to adoption, the budget is advertised and public hearings are conducted by the County Council to obtain taxpayer comments. In October of each year, the County Council through the passage of an ordinance approves the budget for the next year. Copies of the budget ordinance and the advertisement for funds for which property taxes are levied or highway use taxes are received are sent to the Indiana Department of Local Government Finance. The budget becomes legally enacted after the County Auditor receives approval of the Indiana Department of Local Government Finance. The primary government’s management cannot transfer budgeted appropriations between object classifications of a budget without approval of the County Council. The Indiana Department of Local Government Finance must approve any revisions to the appropriations for any fund or any department of the General Fund. The legal level of budgetary control is by object and department within the fund for the General Fund and by object within the fund for all other budgeted funds. Expenditures did not exceed appropriations for any funds or any departments within the General Fund, which required legally, approved budgets. B. Fund Balances The fund balances have been classified to reflect the limitations and restrictions placed on the respective funds. The Governmental Accounting Standards Board (GASB) has issued Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions. This Statement significantly changed the fund balance presentation of the County’s governmental funds by requiring fund balances to be classified into different categories according to the level of their restricted use. Fund balances at December 31, 2018 are composed of the following: 36 ---PAGE BREAK--- Committed fund balance: General Government 235,283 - - 1,544,891 1,780,174 Public Safety 4,728,989 - - 313,853 5,042,842 Culture and Recreation - - - 6,314 6,314 Economic Development 32,253 - 19,644,121 1,157,970 20,834,344 Health and Welfare - - - 309,167 309,167 Total committed fund balance 4,996,525 - 19,644,121 3,332,195 27,972,841 Assigned fund balance: General Government 360,179 15,254,016 - 231,498 15,845,693 Public Safety 218,103 - - - 218,103 Economic Development - - - 383,783 383,783 Total assigned fund balance 578,282 15,254,016 - 615,281 16,447,579 Unassigned fund balance 24,249,895 - - (636,698) 23,613,197 Total fund balance 29,824,702 $ 15,254,016 $ 20,959,815 $ 75,597,184 $ 141,635,717 $ C. Deficit Fund Equity At December 31, 2018, the following funds reported deficits in fund equity, which are violations of State statue: Fund equity deficits arose primarily from expenditures or expenses exceeding revenues due to the timing differences of grants or costs reimbursements; these deficits will be repaid from future revenues. III. Detailed Notes on All Funds A. Deposits and Investments Primary Government 1. Deposits Custodial credit risk is the risk that in the event of a bank failure, the government's deposits may not be returned to it. Indiana Code 5-13-8-1 allows a political subdivision of the State of Indiana to deposit public funds in a financial institution only if the financial institution is a depository eligible to receive state funds and has a principal office or branch that qualifies to receive public funds of the political subdivision. The County’s deposit policy for custodial credit risk requires compliance with Indiana Code 5-13-8-1. The bank balances were insured by the Federal Deposit Insurance Corporation or the Public Deposit Insurance Fund, which covers all public funds held in approved depositories. At December 31, 2018, the Sheriff’s Retirement and Benefit Pension Plans had deposit balances in the amount of $4,426,096. The Sheriff’s Merit Board does not have a policy for custodial credit risk. Of this amount, the following was exposed to custodial credit risk: Fund 2018 Governmental Funds: Adult Protective Services 32,084 $ HIV/AIDS Program 2,970 Allen County Foreign Language Interpreter 3,003 Vera Bradley TIF 14,956 Bluffton Road East TIF 583,685 37 ---PAGE BREAK--- 2. Investments Authorization for investment activity is stated in Indiana Code 5-13. The Sheriff’s Merit Board has established an investment policy for the Sheriff’s Retirement and Benefit Pension Plans. This investment policy outlines parameters for investment activity for the Pension Plans. As of December 31, 2018, the County and the Sheriff's Retirement and Benefit Plan had the following investments: Investment Policies Indiana Code 5-13-9 authorizes the County to invest in securities backed by the full faith and credit of the United States Treasury or fully guaranteed by the United States of America and issued by the United States Treasury, a federal agency, a federal instrumentality, or a federal government sponsored enterprise. Indiana Code also authorizes the unit to invest in securities fully guaranteed and issued by a federal agency, a federal instrumentality, or a federal government sponsored enterprise. These investments are required by statute to have a stated final maturity of not more than two years. Indiana Code also provides for investment in money market mutual funds that are in the form of securities of, or interest in, an open-end, no-load, management-type investment company or investment trust registered under the provision of the federal Investment Company Act of 1940, as amended. Investments in money market mutual funds may not exceed 50 percent of the funds held by the County and available for investment. The portfolio of an investment company or investment trust used must be limited to direct obligations of the United States of America, obligations issued by a federal agency, a federal instrumentality, or a federal government sponsored enterprise or repurchase agreements fully collateralized by direct obligations of the United States of America or obligations issued by a federal agency, a federal instrumentality, or a federal government sponsored enterprise. The form of securities of, or interest in, an investment company or investment trust must be rated as AAA, or its Amount Uninsured and uncollateralized deposits 4,426,096 $ Primary Government: Investment Type Fair Value Government sponsored enterprises 18,797,545 $ External investment pool 3,121,640 Certificates of Deposit 22,579,117 Total 44,498,302 $ Sheriff's Retirement and Benefit Pension Plans: Investment Type Fair Value Mutual funds 13,643,812 $ Foreign mutual fund 32,592,485 Total 46,236,297 $ 38 ---PAGE BREAK--- Primary Government: Not in the Investment Government's Type Name Government sponsored enterprises 18,797,545 $ Sheriff's Retirement and Benefit Pension Plans: Not in the Investment Government's Type Name Mutual funds 13,643,812 $ Foreign mutual fund 32,592,485 Total 46,236,297 $ equivalent by Standard and Poor's Corporation or its successor or Aaa, or its equivalent, by Moody's Investors Service, Inc., or its successor. The form of securities in an investment company or investment trust should have a stated final maturity of one day. Additionally, the County may enter into repurchase agreements with depositories designated by the State Board of Finance as depositories for state deposits involving the unit's purchase and guaranteed resale of any interest-bearing obligations issued or fully insured or guaranteed by the United States of America, a United States of America government agency, an instrumentality of the United States of America, or a federal government sponsored enterprise. The repurchase agreement is considered to have a stated final maturity of one day. This agreement must be fully collateralized by interest-bearing obligations as determined by their current market value. The Sheriff's Pension Plan is not subject to the same investment laws as the County. The investment policy for the Sheriff's Retirement and Benefit Pension Plans was adopted by the Sheriff's Merit Board on March 10, 2005. Authorized investments include time or savings accounts, obligations issued or fully insured or guaranteed by the United States of America, bonds, stocks, guaranteed investment contracts, bank investment contracts, mutual funds, high quality money market funds, and foreign securities whose shares are not denominated in foreign currency. Investment Custodial Credit Risk The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to a transaction, a government will not be able to recover the value of investment or collateral securities that are in the possession of an outside party. Neither the County nor the Sheriff’s Pension Plan has a formal investment policy for custodial credit risk for investments. The following investments held by the County and the Sheriff's Retirement and Benefit Pension Plans were exposed to custodial credit risks because they are uninsured and unregistered with securities held by the counterparty, or the counterparty's trust department or agent, either in the government's name or not in the government's name: 39 ---PAGE BREAK--- Interest Rate Risk Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. The County’s investment policy to minimize interest rate risk is to abide by the Indiana Code, which limits the stated final maturities of the investments to no more than five years. The Sheriff's Merit Board for the Sheriff's Retirement and Benefit Pension Plans manages interest rate risk by authorizing a maximum average maturity of no more than 15 years be maintained in fixed income securities. Credit Risk Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. To minimize credit risks associated with investments, the County’s policy is to follow Indiana Code 5-13-9-2.5, which limits investments to AAA rated money market funds, repurchase agreements fully collateralized by U.S. Government Securities, and U.S. Treasury obligations (or other U.S. Agency obligations). To minimize credit risks associated with investments, the Sheriff’s Merit Board has adopted a policy which limit investments to obligations of or obligations guaranteed by the United States government; bonds, stocks, or other evidences of indebtedness issued or guaranteed by a corporation organized under the laws of the United States, provided the corporation is listed on one or more of the recognized national stock exchanges or on the National Market System of the NASDAQ Stock Market and, in the case of bonds only, holds a rating in one of the highest major classification by a recognized rating service; Guaranteed Investment Contracts and Bank Investment Contracts rated A+ by A. M. Best Company, Inc.; Mutual Plans that apply with the above restrictions; and High quality money market funds. The distribution of securities with credit ratings is summarized below. Primary Government: Investment Less More Type Than 1 1-2 Than 2 Government sponsored enterprises 9,535,977 $ 9,261,568 $ - $ External investment pool 3,121,640 - - Totals 12,657,617 $ 9,261,568 $ - $ Investment Maturities (in Years) Sheriff's Retirement and Benefit Pension Plans: Investment Less More Type Than 0-5 5-15 Than 15 Mutual funds 13,643,812 $ - - Foreign mutual funds 32,592,485 - - Totals 46,236,297 $ - $ - $ Investment Maturities (in Years) 40 ---PAGE BREAK--- Primary Government: Issuer 2018 Lake City Bank 20,227,722 $ Federal National Mortgage Corporation Deb 3,712,863 Federal Home Loan Mortgage Corporation Mountain 4,837,761 Federal Farm Credit Banks 2,992,788 Federal Home Loan Banks 5,250,985 Total 37,022,119 $ Primary Government: Standard & Government Poor's Moody's Sponsored Investment Rating Rating Enterprise Pools AAA Aaa 16,794,398 $ 1,523,658 $ AA Aa - 891,897 A A - 371,624 BBB Baa - 148,649 B B - 185,812 Totals 16,794,398 $ 3,121,640 $ County's Investments Sheriff's Retirement and Benefit Pension Plans: Standard & Poor's Moody's Mutual Rating Rating Funds Unrated Unrated 46,236,297 $ Sheriff's Pension Plan Investments Concentration of Credit Risk Concentration of credit risk is the risk of loss attributed to the magnitude of a government's investment in a single issuer. The County does not have a policy in regards to concentration of credit risk. United States of America government and United States of America governmental agency securities are exempt from this policy requirement. The Sheriff's Merit Board has adopted the following policy for the concentration of credit risk. The Sheriff’s Merit Board for the Sheriff’s Pension Plan manages concentration of credit risk by limiting the investment in debt securities of any one corporation to a maximum of 5 percent of the fixed income investments of the plan. The County held the following investments that were exposed to concentration of credit risk: Foreign Currency Risk Foreign currency risk relates to adverse effects on the fair value of an investment from changes in exchange rates. The Sheriff’s Merit Board has a formal policy in regards to foreign currency risk that states foreign securities must have shares denominated in United States of America dollars. The primary government units’ investments are denominated in U.S. currency. 41 ---PAGE BREAK--- Primary Government: Investment Type Fair Value Level 1 Level 2 Level 3 Government sponsored enterprises 18,797,545 $ - $ 18,797,545 $ - $ External investment pool 3,121,640 - 3,121,640 - Totals 21,919,185 $ - $ 21,919,185 $ - $ Sheriff's Retirement and Benefit Pension Plans: Investment Type Fair Value Level 1 Level 2 Level 3 Mutual funds 13,643,812 $ 13,643,812 $ - $ - $ Foreign mutual funds 32,592,485 32,592,485 - - Totals 46,236,297 $ 46,236,297 $ - $ - $ 3. Fair Value Measurement The primary government categorizes investments measured at fair value within the fair value hierarchy established by generally accepted accounting principles. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level The three levels of fair value hierarchy are defined as follows: Level 1: Inputs using unadjusted quoted prices in active markets or exchanges for identical assets or liabilities. Level 2: Significant other observable inputs, which may include, quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in non-active markets; and inputs other than quoted prices that are observable for the assets or liabilities, either directly or indirectly. Level 3: Valuations for which one or more significant inputs are unobservable and may include situations where there is minimal, if any, market activity for the asset or liability. The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques need to maximize the use of relevant observable inputs and minimize the use of unobservable inputs. Investment value is determined by reference to quoted market prices and other relevant information generated by market transactions. The following table summarizes the valuation of investments by the fair value hierarchy levels as of December 31, 2018: Discretely Presented Component Unit 1. Deposits Custodial credit risk is the risk that in the event of a bank failure, the government's deposits may not be returned to it. Indiana Code 5-13-8-1 allows a political subdivision of the State of Indiana to deposit public funds in a financial institution only if the financial institution is a depository eligible to receive state funds and has a principal office or branch that qualifies to receive public funds of the political subdivision. The Allen County Public Library does not have deposit policies for custodial credit risk. At December 31, 2018, the County’s discretely presented component unit’s deposits with financial institutions of $33,938,454 were entirely 42 ---PAGE BREAK--- insured by the federal depository insurance, with the exception of the Allen County Public Library’s deposits in the amount of $789,330. Deposits of $789,330 are in excess of the insured amount and $106,010 is in investment accounts that are uninsured. 2. Investments Authorization for investment activity is stated in Indiana Code 5-13. As of December 31, 2018, the County’s discretely presented component unit had the following investments: Investment Policies Indiana Code 5-13-9 authorizes the discretely presented component unit to invest in securities backed by the full faith and credit of the United States Treasury or fully guaranteed by the United States of America and issued by the United States Treasury, a federal agency, a federal instrumentality, or a federal government sponsored enterprise. Indiana Code also authorizes the unit to invest in securities fully guaranteed and issued by a federal agency, a federal instrumentality, or a federal government sponsored enterprise. These investments are required by statute to have a stated final maturity of not more than five years. The Library’s discretely presented component unit has an “Investment Policy Statement” approved by the unit’s Board of Directors in May 2004 with revisions in November 2010, November 2012 and September 2017. This policy sets the standards for the selection of the unit’s portfolio. The policy sets the asset allocation as follows: cash and cash equivalents 0% to 2% with a target of fixed income 20% to 40% with a target of 30%; equities 45% to 80% with a target of 70%. Investment Custodial Credit Risk The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to a transaction, a government will not be able to recover the value of investment or collateral securities that are in the possession of an outside party. The Allen County Public Library does not have formal investment policies for custodial credit risk for investments that are uninsured and uncollateralized. At June 30, 2018, the Library’s discretely presented component unit held investments in Cozad Asset Management, Inc., Monarch Capital Management, Inc. and Wells Fargo Advisors, LLC in the amount of $19,954,544. Interest Rate Risk Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. The Allen County Public Library’s investment policy does not limit investment maturities as a means of managing its exposure to fair value losses arising from changes in interest rates. Discretely Presented Component Unit: Investment Type Fair Value Government sponsored enterprises 4,041,330 $ Corporate bonds 356,628 Corporate stock 11,177,811 Mutual funds 4,378,775 Total 19,954,544 $ 43 ---PAGE BREAK--- Discretely Presented Component Unit: Standard & Morningstar Government Poor's Risk Sponsored Corporate Mutual Rating Profile Enterprise Bonds Funds AAA 381,225 $ - $ - $ AA+ 1,597,022 - - AA 503,605 - - AA - 174,412 - - AA1 35,297 - - AA2 120,831 - - AA3 280,957 - - A+ 269,070 - - A 270,287 35,509 - A- 69,292 78,704 - A1 72,134 - - A2 65,609 - - BBB+ - 203,147 - BBB - 39,268 - Unrated 201,589 - - Low - - 214,781 Below Average - - 1,125,129 Average - - 1,382,274 Above Average - - 822,112 High - - 834,479 Totals 4,041,330 $ 356,628 $ 4,378,775 $ Credit Risk Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. The Allen County Public Library’s investment policy for credit risk requires investments to have a rating of A or better. The distribution of securities with credit ratings is summarized below. Concentration of Credit Risk Concentration of credit risk is the risk of loss attributed to the magnitude of an organization's investment in a single issuer. The Allen County Public Library’s policy states no more than 5 percent invested in one company; no more than 20 percent invested in any one industry/market sector; international investment concentration is governed by the policy that investments in U.S. Stocks will be at least as great as the percentage of U.S. equities comprising the MSCI All Country World Index as of the end of the preceding year. Investment in high yield and unrated bonds may be no higher than 10 percent of the entire portfolio. Discretely Presented Component Unit: Investment Less More Type Than 1 1-2 Than 2 Government sponsored enterprises 190,310 $ 309,763 $ 3,541,257 $ Corporate bonds 40,515 5,056 311,057 Corporate stock 11,177,811 - - Mutual funds 4,378,775 - - Totals 15,787,411 $ 314,819 $ 3,852,314 $ Investment Maturities (in Years) 44 ---PAGE BREAK--- Discretely Presented Component Unit: Investment Type Fair Value Level 1 Level 2 Level 3 Corporate Stock 11,177,811 $ 11,177,811 $ Mutual Funds 4,378,775 4,378,775 Government sponsored enterprise 4,041,330 - 4,041,330 Bonds 356,628 - 356,628 Beneficial interest 14,604 - - 14,604 Totals 19,969,148 $ 15,556,586 $ 4,397,958 $ 14,604 $ Foreign Currency Risk Foreign currency risk relates to adverse effects on the fair value of an investment from changes in exchange rates. The Allen County Public Library’s discretely presented component unit does not have a formal investment policy for foreign currency risk for investments. The Investment Policy Statement includes a formal policy in regards to foreign currency risk. The foreign currency related to this investment is in international mutual funds and fixed income instruments and has a fair market value of $450,301. Fair Value of Financial Instruments Assets and liabilities recorded at fair value in the Statement of Net Position of the Allen County Public Library component unit are categorized based upon a hierarchy of the level of judgement associated with the inputs used to measure their fair value. The three levels of fair value hierarchy are described below: Level 1 – Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the component unit has the ability to access. Level 2 – Inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the asset or liability; inputs that are derived principally from or corroborated by observable market data by correlation or other means. If the asset or liability has a specified (contractual) term, the level 2 input must be observable for substantially the full term of the asset or liability. Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement. The asset or liability fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. Following is a description of the valuation methodologies used for assets and liabilities measured at fair value. Investments – Value determined by reference to quoted market prices and other relevant information generated by market transactions. Beneficial Interest in assets held by others – Value are based upon the component unit’s proportionate share of the Community Foundation of Greater Fort Wayne’s pooled investment portfolio. The following table shows the fair value, within the hierarchy, of assets and liabilities of the Allen County Public Library’s component unit measured on a recurring basis as of June 30, 2018: 45 ---PAGE BREAK--- Business-type activities: Capital assets, not being depreciated: Land 380,487 $ - $ - $ 380,487 $ Construction in progress 54,044 1,851,401 1,901,195 4,250 Total capital assets, not being depreciated 434,531 1,851,401 1,901,195 384,737 Capital assets, being depreciated: Land improvements 1,440,208 - - 1,440,208 Buildings 106,082,794 - - 106,082,794 Improvements other than buildings 8,359,906 - - 8,359,906 Machinery and equipment 9,561,708 2,053,540 2,094,230 9,521,018 Totals 125,444,616 2,053,540 2,094,230 125,403,926 Less accumulated depreciation for: Land improvements 1,435,108 300 - 1,435,408 Buildings 44,767,994 2,912,249 - 47,680,243 Improvements other than buildings 4,570,602 386,069 - 4,956,671 Machinery and equipment 6,540,343 812,850 1,911,317 5,441,876 Totals 57,314,047 4,111,468 1,911,317 59,514,198 Total capital assets, being depreciated, net 68,130,569 (2,057,928) 182,913 65,889,728 Total business-type activities capital assets, net 68,565,100 $ (206,527) $ 2,084,108 $ 66,274,465 $ B. Capital Assets Capital asset activity for the year ended December 31, 2018, was as follows: Beginning Ending Primary Government: Balance Increases Decreases Balance Governmental activities: Capital assets, not being depreciated: Land 10,582,980 $ 216,674 $ 248,638 $ 10,551,016 $ Construction in progress 61,019,059 11,619,944 30,480,944 42,158,059 Total capital assets, not being depreciated 71,602,039 11,836,618 30,729,582 52,709,075 Capital assets, being depreciated: Buildings 122,042,103 277,288 - 122,319,391 Improvements other than buildings 3,384,834 - - 3,384,834 Machinery and equipment 43,497,475 4,353,147 1,834,966 46,015,656 Infrastructure being depreciated 364,996,509 11,343,016 2,454,706 373,884,819 Intangible assets 555,493 - - 555,493 Net investment in joint venture 5,721,784 - 7,932 5,713,852 Totals 540,198,198 15,973,451 4,297,604 551,874,045 Less accumulated depreciation for: Buildings 48,570,790 1,949,829 - 50,520,619 Improvements other than buildings 3,199,135 13,760 - 3,212,895 Machinery and equipment 32,206,056 3,575,146 1,754,942 34,026,260 Infrastructure being depreciated 136,364,106 8,110,374 1,551,184 142,923,296 Intangible assets 150,740 37,033 - 187,773 Net investment in joint venture 2,905,998 142,846 - 3,048,844 Totals 223,396,825 13,828,988 3,306,126 233,919,687 Total capital assets, being depreciated, net 316,801,373 2,144,463 991,478 317,954,358 Total governmental activities capital assets, net 388,403,412 $ 13,981,081 $ 31,721,060 $ 370,663,433 $ 46 ---PAGE BREAK--- Depreciation expense was charged to functions/programs of the primary government as follows: C. Interfund Balances and Activity 1. Interfund Receivables and Payables The composition of interfund balances as of December 31, 2018, is as follows: Interfund balances resulted from the time lag between the dates that Interfund loans are repaid, Interfund goods and services are provided or reimbursable expenditures occur, transactions are recorded in the accounting system and payments between funds are made. Discretely Presented Component Unit Capital assets, not being depreciated: Land and intangibles 4,960,142 $ - $ - $ 4,960,142 $ Rare book collection 994,827 - - 994,827 Total capital assets, not being depreciated 5,954,969 - - 5,954,969 Capital assets, being depreciated: Buildings and improvements 90,525,384 - - 90,525,384 Improvements other than buildings 634,872 - - 634,872 Machinery and equipment 5,729,996 318,436 320,210 5,728,222 Library materials 8,781,259 2,404,066 3,059,041 8,126,284 Totals 105,671,511 2,722,502 3,379,251 105,014,762 Less accumulated depreciation for: Buildings and improvements 32,790,683 2,155,040 - 34,945,723 Improvements other than buildings 356,035 29,138 - 385,173 Machinery and equipment 5,469,661 179,346 320,210 5,328,797 Library materials 3,055,061 2,927,086 3,059,041 2,923,106 Totals 41,671,440 5,290,610 3,379,251 43,582,799 Total capital assets, being depreciated, net 64,000,071 (2,568,108) - 61,431,963 Total discretely presented component unit capital assets, net 69,955,040 $ (2,568,108) $ - $ 67,386,932 $ Governmental activities: General government 890,549 $ Public safety 3,324,330 Highways and streets 9,122,577 Health and welfare 63,079 Sanitation 360,217 Culture and recreation 68,236 Total depreciation expense - governmental activities 13,828,988 $ Business-type activities: Coliseum 4,111,468 $ General Local Income Tax Non-major Interfund Payables Fund Rainy Day Economic Development Governmental Total Non-major governmental 146,588 $ 133,850 $ 797,882 $ 161,106 $ 1,239,426 $ Interfund Receivables 47 ---PAGE BREAK--- 2. Interfund Transfers Interfund transfers at December 31, 2018, were as follows: The primary government typically uses transfers to fund ongoing operating subsidies. D. Long-Term Liabilities 1. First Mortgage Bonds Primary Government The primary government issues bonds to provide funds for the acquisition and construction of major capital facilities. First Mortgage bonds outstanding at year end are as follows: First Mortgage bonds debt service requirements to maturity are as follows: Local Income Rainy Tax - Economic Non-major Transfer From General Day Development Governmental Totals County General - $ 1,700,000 $ - $ 145,000 $ 1,845,000 $ Local Income Tax - Economic Development - - - 1,250,000 1,250,000 Non-major Governmental 88,191 - 1,541,348 6,688,731 8,318,270 Totals 88,191 $ 1,700,000 $ 1,541,348 $ 8,083,731 $ 11,413,270 $ Balance Interest December 31, Current Net Purpose Rates 2018 Portion Premium Noncurrent Governmental activities: 2011 Juvenile Justice Center first mortgage refunded bonds 2% to 5% 300,851 $ 300,851 $ - $ - $ 2016 Jail Building First Mortgage refunding bonds 2.00% to 4.00% 2,585,000 1,735,000 113,272 963,272 Total governmental activities 2,885,851 $ 2,035,851 $ 113,272 $ 963,272 $ Business-type activities: 2011 B War Memorial Coliseum additions first mortgage refunding revenue bonds 3.6% to 5.45% 2,850,000 $ 350,000 $ 4,352 $ 2,504,352 $ 2016 A War Memorial Coliseum additions refunding first mortgage revenue bonds 2.00% to 4.00% 11,790,000 1,580,000 1,277,481 11,487,481 2014 War Memorial Coliseum Convention Center Expansion first mortgage bonds 2% to 5.0% 13,325,000 595,000 663,573 13,393,573 Total business-type activities 27,965,000 $ 2,525,000 $ 1,945,406 $ 27,385,406 $ Year Ended December 31 Principal Interest Principal Interest 2019 2,035,851 $ 400,148 $ 2,525,000 $ 1,137,906 $ 2020 850,000 17,000 2,570,000 1,032,451 2021 - - 2,670,000 917,936 2022 - - 2,785,000 798,656 2023 - - 2,895,000 674,149 2024-2028 - - 8,570,000 1,804,229 2029-2033 - - 4,860,000 802,231 2034-2035 - - 1,090,000 41,000 Totals 2,885,851 $ 417,148 $ 27,965,000 $ 7,208,558 $ Governmental Activities Business-Type Activities 48 ---PAGE BREAK--- Principal Interest 2019 2,305,000 $ 806,194 $ 2020 2,380,000 732,934 2021 1,305,000 660,769 2022 1,385,000 608,069 2023 1,455,000 551,969 2024-2028 8,405,000 1,815,941 2029-2033 2,380,000 300,875 2034-2038 860,000 125,300 Totals 20,475,000 $ 5,602,051 $ Governmental Activities Balance Unamortized Interest December 31, Current Premium Net Purpose Rates 2018 Portion (Discount) Noncurrent 2016 Allen County Public Library first mortgage refunding bonds 2% to 3% 19,485,000 $ 5,885,000 $ (55,287) $ 13,544,713 $ Balance Interest December 31, Current Net Purpose Rates 2018 Portion Premium Noncurrent Allen County Tax Increment Revenue Bonds (General Motors) Series 2015 A 1.35% to 2.60% 1,760,000 $ 875,000 $ - $ 885,000 $ Allen County Tax Increment Revenue Bonds (General Motors) Series 2015 B 1.35% to 2.60% 625,000 310,000 - 315,000 Allen County Tax Increment Revenue Bonds (General Motors) Series 2015 C 3.0% to 4.0% 2,050,000 - 9,260 2,059,260 2016 Maplecrest Road Bridge Bond 3.0% to 5.0% 16,040,000 1,120,000 2,160,976 17,080,976 Total governmental activities 20,475,000 $ 2,305,000 $ 2,170,236 $ 20,340,236 $ Discretely Presented Component Unit The discretely presented component unit issues bonds to provide funds for the acquisition and construction of major capital facilities. First Mortgage bonds outstanding at year end are as follows: First Mortgage bonds debt service requirements to maturity are as follows: 2. Revenue Bonds Primary Government The primary government issues bonds to be paid by income derived from the acquired or constructed assets. Revenue bonds outstanding at year end are as follows: Revenue bonds debt service requirements to maturity are as follows: Year Ended December 31 Principal Interest 2019 5,885,000 $ 194,589 $ 2020 5,955,000 130,842 2021 5,315,000 66,366 2022 2,330,000 12,582 Totals 19,485,000 $ 404,379 $ Component Unit Discretely Presented 49 ---PAGE BREAK--- Coliseum ticket office fund 4,765,979 $ Coliseum advance customer deposits 333,976 Food and beverage supplemental tax fund 5,809,726 Sports and convention fund 1,383,338 Total restricted assets 12,293,019 $ Beginning Ending Due Within Discretely Presented Component Unit: Balance Additions Reductions Balance One Year First mortgage general obligation bonds 25,310,000 $ - $ 5,825,000 $ 19,485,000 $ 5,885,000 $ Compensated absences 751,699 806,087 775,240 782,546 130,424 Net Pension Liability 8,810,210 948,226 3,140,992 6,617,444 - Total discretely presented component unit 34,871,909 $ 1,754,313 $ 9,741,232 $ 26,884,990 $ 6,015,424 $ 3. Advance Refunding In prior years, the primary government defeased the Maplecrest Bridge Bonds of 2009 by placing the proceeds of new bonds in an irrevocable trust to provide for all future debt service payments on the old bonds. Accordingly, the trust accounts and the liability for the defeased bonds are not included in the primary government’s financial statements. At December 31, 2018, $17,211,687 of bonds outstanding are considered defeased. 4. Changes in Long-Term Liabilities Long-term liability activity for the year ended December 31, 2018, was as follows: Compensated absences for governmental activities typically have been liquidated from the General Fund and five special revenue funds. Claims and judgments typically have been liquidated from the General Fund. E. Restricted Assets The balances of restricted asset accounts in the enterprise funds are as follows: Beginning Ending Due Within Primary Government Balance Additions Reductions Balance One Year Governmental activities: Bonds payable: First mortgage 5,877,388 $ - $ 2,991,537 $ 2,885,851 $ 2,035,851 $ Revenues 22,685,000 - 2,210,000 20,475,000 2,305,000 Total bonds payable 28,562,388 - 5,201,537 23,360,851 4,340,851 Compensated absences 3,474,570 3,734,400 3,474,570 3,734,400 3,734,400 Other postemployment benefits liability 11,269,168 - 776,251 10,492,917 - Net Pension Liability 55,997,630 5,400,901 12,894,492 48,504,039 - Total governmental activities long-term liabilities 99,303,756 $ 9,135,301 $ 22,346,850 $ 86,092,207 $ 8,075,251 $ Business-type activities: First mortgage revenue bonds payable: Coliseum 30,465,000 $ - $ 2,500,000 $ 27,965,000 $ 2,525,000 $ Compensated absences 145,618 152,522 145,618 152,522 152,522 Total business-type activities long-term liabilities 30,610,618 $ 152,522 $ 2,645,618 $ 28,117,522 $ 2,677,522 $ 50 ---PAGE BREAK--- F. Restatements and Reclassifications Net position as of January 1, 2018 has been restated as follows for the implementation of GASB Statement No. 75: The following schedule presents a summary of the restated beginning balance: IV. Other Information A. Risk Management The primary government is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; job related illnesses or injuries to employees; medical benefits to employees, retirees, and dependents (excluding postemployment benefits); and natural disasters. The risks of torts; theft of, damage to, and destruction of assets; and natural disasters are covered by commercial insurance from independent third parties. Settled claims from these risks have not exceeded commercial insurance coverage for the past three years. There were no significant reductions in insurance by major category of risk. Automobile Insurance The Vehicle Self-Insurance fund, an internal service fund, services the risk of loss in the following areas: automobile collision and comprehensive. The primary government is continuing to buy premium insurance for a number of other risks/i.e., liability. The primary government is assuming 100 percent of the risk in these areas described above. Each department is responsible for the first $5,000 deductible per each vehicle loss. Funding levels are determined based on the Insurance Director’s analysis of prior years’ claims history. The source of revenue is money appropriated from the County General Fund for automobile insurance, and also from the money or funds collected on behalf of the County arising from automobile insurance. The funding level for 2018 was $448,551. There were no incurred but not reported claims at December 31, 2018. The cash and cash equivalents at December 31, 2018, were $607,417. Other Post Governmental Employment Activities Net position, previously reported at December 31, 2017 453,471,230 $ Prior period adjustment for GASB 75 implementation: Remove GASB 45 Net OPEB Liability (Asset): Net OPEB liability 6,753,669 Total GASB 45 Adjustment 6,753,669 $ Add Net OPEB liability and deferred outflows / (inflows) of resources: Net OPEB liability (11,269,168) Deferred outflows/(inflows) of resources related to OPEB: Differences between expected and actual experience (25,540) Changes of Assumptions (990,452) Total Net pension liability and deferred outflows (inflows) of resources (12,285,160) $ Net Position, restated at January 1, 2018 447,939,739 $ 51 ---PAGE BREAK--- County Liability Insurance The primary government established the County Liability fund to cover risks involving civil rights claims and errors and omission claims. The source of revenue is money appropriated from the County General Fund under the Sheriff’s Liability and Liability Insurance line item. The funding level for 2018 was $400,000. Incurred but not reported claims have not been accrued as a liability as of December 31, 2018. The cash and cash equivalents at December 31, 2018, were $97,606. Group Health Insurance The primary government has chosen to establish a risk financing fund for risks associated with employee health claims. The risk financing fund is accounted for in the Self-Insurance Health fund, an internal service fund, where assets are set aside for claim settlements. An excess policy through commercial insurance covers individual claims in excess of $300,000 per year. Settled claims resulting from this risk did not exceed commercial insurance coverage in the past three years. Amounts are paid into the fund by all insured funds and are available to pay claims, claim reserves, and administrative costs of the program. Interfund premiums are based primarily upon the insurance premium of each employee paid from a particular fund. The employee pays 13 percent and the fund pays 87 percent. These premiums are reported as quasi-external interfund transactions. Provisions are also made for unexpected and unusual claims. The funding level for 2018 was $11,723,549. The cash and cash equivalents at December 31, 2018, were $8,211,141. Claim expenditures and liabilities of the fund are reported when it is probable that a loss has occurred and the amount of the loss can be reasonably estimated. These losses include an estimate of claims that have been incurred but not reported (IBNRs). Claim liabilities are calculated considering the effects of inflation, recent claim settlement trends including frequency and amounts of pay outs and other economic and social factors. Changes in the balance of claim liabilities during the past two years are as follows: Worker’s Compensation The primary government has chosen to establish a risk financing fund for risks associated with worker’s compensation claims. The risk financing fund is accounted for in the Workman Compensation Self-Insurance fund, an internal service fund, where assets are set aside for claim settlements. An excess policy through commercial insurance covers individual claims in excess of $300,000 per year. Settled claims resulting from this risk did not exceed commercial insurance coverage in 2018. Amounts are paid into the fund by all insured funds and are available to pay for worker compensation claims. Interfund premiums are based primarily upon the number of employees paid from a particular fund. The funding level for 2018 was $481,500. There were no incurred but not reported claims at December 31, 2018. The cash and cash equivalents at December 31, 2018, were $143,625. 2017 2018 Unpaid claims, beginning of fiscal year 1,359,257 $ 1,577,776 $ Incurred claims and changes in estimates 10,456,170 11,247,712 Claim payments 10,237,651 11,176,382 Unpaid claims, end of fiscal year 1,577,776 $ 1,649,106 $ 52 ---PAGE BREAK--- B. Contingent Liabilities The primary government is a defendant in various lawsuits. Although the outcome of these lawsuits is not presently determinable, in the opinion of the County Attorney the resolution of these matters will not have a material effect on the condition of the primary government. C. Conduit Debt Obligation The primary government has issued Industrial Revenue Bonds to provide financial assistance to private-sector entities for the acquisition and construction of industrial and commercial facilities deemed to be in the public interest. The bonds are secured by the property financed and are payable solely from payments received on the underlying mortgage loans. Upon repayment of the bonds, ownership of the acquired facilities transfers to the private-sector entity served by the bond issuance. Neither the primary government, the State, nor any political subdivision thereof is obligated in any manner for the repayment of the bonds. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. As of December 31, 2018, there were four series of Industrial Revenue Bonds outstanding with an aggregate principal amount payable of $51,311,529. D. Operating Lease to Recovery Health Services, Inc. The Allen County Commissioners leased to Recovery Health Systems, Inc. (Recovery), the personal property, nursing home and real estate used by Byron Health Center. Allen County is retaining the 55 bed residential program and paying Recovery for operations and a management fee. The significant provisions of this lease are as follows: 1. Term of Lease January 1, 2014 through December 31, 2033, is the time period for the twenty year lease that may be extended by mutual written agreement for two successive periods of five years each. Either party may terminate the lease without cause following at least twelve months written notice. 2. Rent Base rent of $450,000, to be paid at an amount of $37,500 per month. An additional amount of $450,000 to fund a capital reserve account to be deposited annually. Payments totaling $912,500 were made during 2018. 3. Improvements Recovery shall pay for all maintenance and improvement expenditures it deems necessary. All other capital expenditures for major repairs or replacements to premises greater than $5,000, shall be mutually agreed to in writing, prior to incurring such expense by the County and Recovery, to be paid from the capital reserve account. The County shall pay 18 percent of specified capital expenditures in excess of those agreed upon to be paid from capital reserve account and Recovery shall pay 82 percent. 4. Insurance Recovery will carry liability, fire and casualty insurance for the mutual benefit of Allen County and Recovery. 53 ---PAGE BREAK--- E. Commitment Allen County and the City of Fort Wayne jointly have an agreement with Atos for information resource management. Atos staffs and manages the operation of the City/County data center and provides technical support for networks, servers, help desk, desktops and application enhancement. The County provides office space, computer operating supplies, utilities, office equipment and items necessary for day to day operations. In addition, the County provides computer hardware as it deems necessary for Atos. The current agreement began on January 1, 2017 and continues through December 31, 2021 with an option for a three year extension. F. Tax Incremental Revenue Bonds and Loans 1. Infrastructure for General Motors Facility Allen County provided certain public infrastructure improvements (water and sewer main extensions, and right-of-way acquisition of Dalman Road) that were necessary to meet a previous commitment to General Motors. These improvements were financed by a $5,233,322, 1997 Tax Increment Revenue Bond (TIF) issued by the Allen County Redevelopment Commission. In July 2005, these bonds were refunded with the Allen County Redevelopment District Tax Increment Revenue Bonds of 2005. The $9,275,000, 2005 Allen County Redevelopment District Tax Increment Revenue Bonds are in two series: Series 2005A (Tax Exempt) and Series B (Taxable). Series 2005A in the amount of $6,985,000 was issued for purposes to cause the 1997 GM TIF bonds to be advance refunded and defeased. Series 2005B in the amount of $2,290,000 was used to provide money to finance the purchase of lease of certain equipment by the Commission to be leased or leased back to General Motors Corporation and pay all costs incidental thereto including the issuance costs of the Series 2005B Bonds. In June 2015, the 2005 bonds were refunded with the Allen County Redevelopment District Tax Increment Revenue Bonds of 2015. The $8,295,000, 2015 Allen County Redevelopment District Tax Increment Revenue Bonds are in three series. Series 2015A in the amount of $4,615,000 and series 2015B in the amount of $1,630,000 were issued for purposes to cause the 2005A and 2005B bonds to be advance refunded and defeased. Series 2015C in the amount of $2,050,000 was used to provide money to finance infrastructure improvements along Pleasant Center Road. Total debt outstanding at December 31, 2018 was $1,760,000 Series 2015A, $625,000 Series 2015B, and $2,050,000 Series 2015C. 2. Infrastructure for Vera Bradley Facility Allen County provided certain public infrastructure improvements (water and sewer main extensions and roadways) that were necessary for Vera Bradley to construct a new manufacturing facility. These improvements were financed by a loan from the Local Income Tax – Economic Development Fund. The loan outstanding at December 31, 2018, was $125,341. Repayment of this loan will be made by using tax increment financing revenues from the Vera Bradley Economic Development Area established pursuant to Indiana Code 36-7-14-41. 3. Infrastructure for Oak Crossing Economic Development Area (EDA) Allen County provided certain public infrastructure improvements at the intersection of North Clinton Street (formerly Leo Road) and Mayhew Road. These improvements were financed by a loan from various Allen County Highway Funds. The loan outstanding at December 31, 2018, was $161,106. Repayment of the loan will be made by using tax increment financing revenues from the Oak Crossing Economic Development Area (EDA). 54 ---PAGE BREAK--- 4. Infrastructure for General Mills Allen County provided certain public infrastructure improvements for road and drainage and wrote down part of the cost of the property. These improvements were financed by a loan from Allen County Highway and Local Income Tax-Economic Development (formerly CEDIT) Funds. The loan outstanding at December 31, 2018, was $672,540. Repayment of the loan will be made by using tax increment financing revenues from the Bluffton Road East Economic Development Area. Economic Development areas were established to repay the above bonds and loans. Property taxes generated from increased property valuations in the economic development areas are used to repay the bonds. Since Allen County as a whole is not obligated to make the debt payments, these bonds are not considered debt of the County. If the increased property taxes do not generate sufficient revenues to pay the debt service payments, up to the highest bond payment, which in 2018 was $1,315,694; 2018 GM TIF requirements may be allocated from the Local Income Tax-Economic Development (formerly CEDIT) towards the debt service payments. G. Tax Abatements Primary Government Allen County provides property tax abatements in accordance with Indiana Code (IC) 6-1.1-12.1. The fiscal body of the County (County Council) has the authority to approve these property tax abatements for both Real and Personal property. In order for property to be eligible for tax abatement, it must be located in an area designated by the fiscal body as an Economic Revitalization Area; for which the County designated all unincorporated real estate as an Economic Revitalization Area in 2004 except for certain areas zoned such as residential or agricultural. As of December 31, 2018, the County property tax abatements can be broken down into two specific categories, Redevelopment or rehabilitation of real estate and Business personal property equipment investment: Redevelopment or rehabilitation of real estate property tax abatements provide for a reduction in taxable assessed value related to the redevelopment of unimproved real estate and rehabilitation of existing real property for the betterment of the area. In order to obtain abatement, the property owner or authorized representative must submit an application before commencing construction, including the Department of Local Government Finance (DLGF) prescribed Statement of Benefits (SB-1) form, to the County Council. The application and SB-1 includes various information such as but not limited to; the proposed project, estimated project cost, estimated jobs and salaries retained/created. This information is applied to the County’s Tax Abatement Point System which is used to determine the duration of the abatement based on total points. Under IC 6-1.1-12.1-17, County Council has established abatement schedules of 3, 5, 7 and 10 years with variable abatement rates from 5% to 100% throughout the term of the abatement. All abatements must be approved in a public meeting with the passage of a resolution by County Council that includes the terms and schedule of the abatement. The abatement is calculated based on the actual real property assessed value determined by the County Assessor after improvements are made as noted in the original SB-1. The amount of the abatement is then deducted from the gross assessed value of the property to arrive at the net assessed value used in the calculation of the tax bill. Business personal property equipment investment abatements follow the same guidelines mentioned above except that the abatement is for the investment of qualifying new manufacturing, research and development, logistical distribution, or information technology equipment. The abatement is based on the adjusted cost of the new qualifying equipment originally included on the SB-1 and reported by the taxpayer in their personal property tax return. Accordingly, if the equipment is not claimed on the personal property tax return then no abatement is given. One notable exception exists for personal property, in addition to the abatement schedules previously mentioned, IC 6-1.1-12.1-18 allows up to a 20 year 55 ---PAGE BREAK--- Amount of County Tax Tax Abatement Category Revenues Abated Redevelopment or Rehabilitation of real estate property 1,170,000 $ Business personal property equipment investment 764,000 Total 1,934,000 $ Amount of County City/Town Tax Revenues Abated Fort Wayne 1,071,000 $ New Haven 151,000 Woodburn 56,000 Monroeville 6,000 Huntertown 3,000 Leo-Cedarville 1,000 Total 1,288,000 $ abatement schedule and the County has adopted such schedule pending certain criteria is met. For the abovementioned abatements, annual compliance is required involving the submission of the DLGF prescribed compliance forms (CF-1). After reviewing the CF-1 forms, should County Council determine that the applicant is not in compliance with the originally provided SB-1, County Council may determine non-compliance and revoke or deny the abatement for that specific year. Furthermore, IC 6-1.1-12.1-12 provides a mechanism that should a property owner falsely claim the abatement they are liable for the taxes that would have been payable including a 10 percent penalty. County Council Approved Property Tax Abatements December 31, 2018: The County abated property tax revenues totaling $1,934,000 for year ended December 31, 2018 including the following tax abatements that each exceeded 10% of the total County amount abated: Approximately $1,271,000 in property tax revenues were abated for a global automotive manufacturer for various real and personal property investments as well as job retention and creation. Over $294,000 in property taxes were abated for a global automotive tire producer primarily as a result of significant business personal property investments. A small portion is attributed to real property improvements. County tax revenue reductions due to abatements granted by Cities and Towns: Similar to the County, the designating fiscal bodies of Cities and Towns may approve property tax abatements within their incorporated boundaries. In addition to the approximate $1.9 million noted above County property tax revenues were also reduced $1,288,000 due to abatements granted by the Cities and Towns located within the County. These abatements, at minimum, follow the same guidelines under IC that the County abatements do, but each designating body does have the ability to set different investment and job creation criteria, as well as abatement schedules. City and Town approved property tax abatement effect on County revenues: Indiana Economic Development Corporation (IEDC) Tax Abatements: County income tax revenues may also be reduced by certain income tax abatements granted by the IEDC. The IEDC offers various abatement or credit programs but the three most applicable to 56 ---PAGE BREAK--- Real Personal Total Governmental Unit Property Tax Property Tax Abated Allen County 418,998 $ 273,590 $ 692,588 $ Fort Wayne 223,499 160,095 383,594 Grabill 156 - 156 Huntertown 335 644 979 Leo-Cedarville 378 - 378 Monroeville 1,282 776 2,058 New Haven 23,068 31,167 54,235 Woodburn 15,532 4,554 20,086 Total 683,248 $ 470,826 $ 1,154,074 $ No amounts have been received and no amounts are receivable from other governments in association with the forgone tax revenue. Allen County are the Community Revitalization Enhancement District (CReED), the Economic Development for a Growing Economy (EDGE) and the Hoosier Business Investment (HBI) tax credits. These programs offer income tax credits for pre-approved eligible capital investment and job creation. As of December 31, 2018, there are approximately 81 recipients in Allen County with Active IEDC contracts for which almost $23,720,000 in credits has been received over the life of these contracts. Credits can be taken against state and/or local tax liability; such as adjusted gross income tax, local income tax, insurance premiums tax, and financial institutions tax. The County is a recipient of the local income and financial institution taxes. For purposes of GASB 77 the abatement of financial institutions tax is not considered an abatement of local tax revenues, but rather a reduction of shared revenue. For year-end December 31, 2018, the amount County income tax revenues are reduced by these credits could not be calculated based on the State information available, but is not estimated to be materially significant. The County estimates any credits applied to local income tax revenues would be immaterial given over $136 million of local income tax revenue was received and allocated to Allen County taxing units during 2018 alone. If you take the $23,720,000 in credits received and divide evenly amongst the average Active Term contract length of 3.6 years, the credit is $6,588,888 per year. Taking into context these credits would be applied to the four taxes previously noted; the applicability to the local tax would be minimal if at all. County Commitments: The County has Ledge and Tax Increment Finance (TIF) commitments to certain parties which may be in conjunction with or completely separate from property tax abatements. These commitments arise from agreements between the recipient and the County Redevelopment Commission, Commissioners and Council for job creation in return for certain incentives. Terms of these agreements may vary between each agreement. Contrary to the previously mentioned tax abatements for which revenue is forgone, the property tax revenue to fund these commitments and the associated expense are reflected in the fund financial statements. The County paid recipient’s $557,000 during 2018 for achieving goals outlined in the Ledge and TIF agreements. Discretely Presented Component Unit The Allen County Public Library has not entered into any tax abatement agreements. However, other local governmental units have entered into tax abatement agreements that have reduced the Library’s revenues during 2018. The table below summarizes the taxes that have been abated. H. Other Postemployment Benefits Single-Employer Defined Benefit Healthcare Plan Plan Description 57 ---PAGE BREAK--- Total OPEB liability 10,492,917 $ Plan fiduciary net position - Plan's net OPEB liability 10,492,917 $ Plan fiduciary net position as a percentage of the total OPEB liability 0.00% Inactive plan members or beneficiaries currently receiving benefits 21 Inactive plan members or beneficiaries entitled to but not yet receiving benefits 27 Active plan members 1,317 Total 1,365 The Allen County Retiree Healthcare Plan is a single-employer defined benefit healthcare plan administered by Allen County in an internal service fund. Full-time and part-time employees who work at least 30 hours per week are eligible for retiree health care coverage until Medicare eligibility (age 65). Both civilians and sworn officers are eligible for retiree health care coverage once they attain age 50 with 15 years of service. Indiana Code 5-10-8 assigns the authority to establish and amend benefit provisions to the County. Early retirement incentive eligibility is only open to employees who were hired before July 1, 2010. Full-time sworn officers are eligible for the early retirement incentive benefit once they attain age 55 with 20 years of service. Full-time civilians are eligible for the early retirement incentive benefit at the earlier of: Age 55 and rule 85; or Age 60 with 15 years of service. Part- time civilians working at least 30 hours per week are not eligible for the early retirement incentive benefit. At December 31, 2018, Plan membership consisted of the following: Benefits Provided The longevity benefit is the minimum of 100% of salary at retirement or 1% of the base salary at retirement multiplied by years of service. The County explicitly subsidizes retiree health care coverage the early retirement incentive program. Sworn officers who do not elect retiree health care coverage through the County are paid 70% of longevity benefit for 10 years or to age 65, whichever occurs first. Sworn officers who elect retiree health care coverage through the County are paid 50% of longevity benefit, which is used to reduce health care premiums, for 10 years or to age 65, whichever occurs first. Any excess of the 50% of longevity benefit over premiums is paid to the retired sworn officers. Civilians who do not elect retiree health care coverage through the County are paid $350 per month for 10 years or age 65, whichever occurs first. Civilians who elect retiree health care coverage through the County are paid $150 per month, which is used to reduce health care premiums, for 10 years or to age 65, whichever occurs first. Retirees are responsible for the portion of premium rates not covered by the County’s explicit subsidy. Retiree health care coverage continues to surviving spouse of retirees as long as they pay the required premium. The early retirement incentive benefit is terminated upon retiree’s death. All employees must enroll in the same retiree plan at retirement although there are three benefit options available to active employees. All health plans are self-insured. Contributions The contribution requirements of plan members for the Allen County Retiree Healthcare Plan are established by the County Commissioners. The required contribution is based on projected pay- as-you-go financing requirements. There are no assets in a trust. For the year ended December 31, 2018, the County contributed $493,210 to the plan. Net OPEB liability of the plan As of December 31, 2018, the most recent actuarial valuation date, the plan was unfunded. The components of the net OPEB liability of the Plan at December 31, 2018 were as follows: 58 ---PAGE BREAK--- Age General Fire & Police <31 2.00% 0.25% 31 - 45 1.50% 0.25% 46 - 55 1.00% 0.25% 46 - 60 0.50% 0.25% 61 + 0.25% 0.25% Healthcare cost trend rate Health care trend rates have been updated to an initial rate of 8.0% decreasing by 0.5% annually to an ultimate rate of 4.5%. This change has caused a decrease in liabilities. Mortality Assumption SOA RPH-2018 Total Dataset Mortality Table fully generational using Scale MP-2018. Experience Study The actuarial assumptions have not been updated since the fiscal year December, 31, 2017. Measurement Date December 31, 2018 Actuarial Valuation Date December 31, 2018 with no adjustments to get to the December 31, 2018 measurement date. Liabilities as of January 1, 2018 are based on an actuarial valuation date of January 1, 2018 with no adjustments to get to the January 1, 2018 measurement date. Inflation Rate 2.25% per year Salary Changes Payroll growth rates for general, police, and fire employees include a general wage inflation of 2.25%. Merit increases for general employees are based on the most recent Indiana Public Retirement System Public Employees' Retirement Fund actuarial valuation as of June 30, 2018. Merit increases for police and fire employees are based on the most recent Indiana Retirement System 1977 Police Officers' and Firefighters' Retirement fund actuarial valuation as of June 30, 2018. Merit increases are as shown below: OPEB Expense of the Plan OPEB expense of $587,809 must be recognized for the fiscal year ending December 31, 2018. Significant Actuarial Assumptions Discount Rate Under GASB 75, the discount rate used in valuing OPEB liabilities for unfunded plans as of the Measurement Date must be based on a yield for 20-year tax-exempt general obligation municipal bonds with an average rating of AA/Aa or higher (or equivalent quality on another rating scale). The prior full valuation used a discount rate of 4.5% for the County. The current full valuation uses a discount rate of 4.11% as of December 31, 2018 and 3.44% as of January 1, 2018. This change has caused an increase in liabilities as of the beginning of the year and a decrease in liabilities during the current reporting year. The discount rate will be updated annually to reflect market conditions as of the Measurement Date. For the current valuation, the discount rate was selected from the range of indices as shown in the table below, where the range is given in the spread between the lowest and highest rate shown. Bond Buyer GO 20-Year S&P Municipal Bond 20-Year Fidelity 20-Year GO Bond Index Actual Discount Bond Municipal Bond Index High Grade Rate Index Municipal Bond Index Range Rate Used Yield as of January 1, 2018 3.44% 3.16% 3.31% 3.16% - 3.44% 3.44% Yield as of December 31, 2018 4.11% 3.64% 3.71% 3.64% - 4.11% 4.11% 59 ---PAGE BREAK--- Current 1% Decrease Discount Rate 1% Increase (3.11%) (4.11%) (5.11%) Net OPEB Liability 11,466,701 $ 10,492,917 $ 9,615,479 $ Current Health 1% Decrease Care Trend Rate 1% Increase Net OPEB Liability 9,951,438 $ 10,492,917 $ 11,123,260 $ Total OPEB Liability Balance at December 31, 2017 11,269,168 $ Changes for the year: Service cost 341,940 Interest 391,011 Change of benefit terms - Changes in assumptions (990,452) Differences between expected and actual experience (25,540) Benefit payments (493,210) Net Changes (776,251) $ Balance at December 31, 2018 10,492,917 $ Changes in the total OPEB liability Sensitivity of the Net OPEB Liability to Changes in the Discount Rate and Healthcare Rate The following presents the net OPEB liability as of December 31, 2018, calculated using the discount rate assumed of 4.11% and what is would be using a 1% higher (5.11%) and 1% lower (3.11%) discount rate. The following resents the net OPEB liability as of December 31, 2018, using the health care trend rates assumed and what it would be using 1% higher and 1% lower health care trend rates. Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions Deferred Outflows/(Inflows) of Resources represents the following items that have not been recognized in the OPEB expense: Differences between expected and actual experience of the OPEB plan; Changes of assumptions; Differences between projected and actual earnings in OPEB plan investments (for funded plans only). The initial amortization period for the first two items noted above is based on expected future service lives while the difference between the projected and actual earnings in OPEB plan investment is amortized over five years. All balances are amortized linearly on a principal only basis and new bases will be created annually for each of the items above. 60 ---PAGE BREAK--- Fiscal Year End Amortization Dec. 31, 2019 (145,142) $ Dec. 31, 2020 (145,142) Dec. 31, 2021 (145,142) Dec. 31, 2022 (145,142) Dec. 31, 2023 (145,142) Thereafter (145,140) Total (870,850) $ The balances as of December 31, 2018 of the deferred outflows/(inflows) of resources will be recognized in OPEB expense in the future fiscal years as noted below. I. Revenues Pledged Governmental Activities Revenues Pledged Allen County has pledged future wheel and sur tax revenues, net of specified expenditures in the Sur/Wheel Tax Bridge Fund, to repay revenue bonds issued in 2009. Proceeds from the bonds provided financing for Maplecrest Road Bridge. The bonds may be payable from wheel and sur tax net revenues and are payable through 2032. The 2018 debt payments were made from the Major Bridge fund and Sur/Wheel Tax Bridge fund. Business-type Activities Revenues Pledged Allen County has pledged future revenues, net of specified operating expenditures in the War Memorial Coliseum fund (an enterprise fund), to repay revenue bonds issued in 2011, 2014 and 2016. Proceeds from the bonds provided financing for renovation and expansion of the War Memorial Coliseum (a sports arena and convention center). The bonds are payable solely from the War Memorial Coliseum fund net revenues and are payable through 2034. Annual principal and interest payments are expected to require less than 25 percent of net revenues. J. Retirement Plan 401(a) Effective after December 31, 2014, Allen County enacted a “soft” freeze in participation in the Indiana Public Retirement System (INPRS). Any newly hired employees after December 31, 2014, will be eligible for participation in a deferred compensation matching contribution retirement program. The County may, at the Board of Commissioners discretion, match employee contributions up to five percent of that employee’s wages with a six year graded vesting schedule in the employer contributions. Any newly hired employee that was a previous member of INPRS with any governmental unit will be reenrolled in that pension plan and not be eligible for the deferred compensation plan. K. Pension Plans A. Cost Sharing Multiple-Employer Defined Benefit Pension Plans Public Employees’ Retirement System Initial Annual December 31, 2018 Initial Balance Amortization Period Recognition Unamortized Balance Differences between expected and actual experience for FYE: Base for year ending December 31, 2018 (25,540) $ 7 (3,649) $ (21,891) $ Changes in assumptions for FYE: Base for year ending December 31, 2018 (990,452) 7 (141,493) (848,959) Net Difference between projected and actual earnings in OPEB plan investments for FYE: Base for year ending December 31, 2018 - N/A - - (145,142) $ (870,850) $ 61 ---PAGE BREAK--- Plan Description The primary government contributes to the Indiana Public Employees' Retirement Fund (PERF), a cost-sharing multiple-employer defined benefit pension plan. PERF provides retirement, disability, and survivor benefits to plan members and beneficiaries. All full-time employees hired before December 31, 2014 or hired after December 31, 2014 and are previous PERF members are eligible to participate in the defined benefit plan. State statutes (IC 5-10.2 and 5-10.3) govern, through the Indiana Public Retirement System (INPRS) Board, most requirements of the system and give the primary government authority to contribute to the plan. The PERF retirement benefit consists of the pension provided by employer contributions plus an annuity provided by the member's annuity savings account (ASA). The annuity savings account consists of member's contributions, set by state statute at three percent of compensation, plus the interest credited to the member's account. The employer may elect to make the contributions on behalf of the member. The Allen County Public Library (discretely presented component unit) contributes to the Indiana Public Employees’ Retirement Fund (PERF), a defined benefit pension plan. All full- time Library employees are eligible to participate in the defined benefit plan. INPRS administers the plan and issues a publicly available financial report that includes financial statements and required supplementary information for the plan as a whole and for its participants. The report is available online at http://www.inprs.in.gov/ or may be obtained by contacting: Indiana Public Retirement System 1 North Capitol Street, Suite 001 Indianapolis, IN 46204 Ph. (888) 526-1687 Benefits Provided The PERF retirement benefit consists of the sum of a defined pension benefit provided by the County contributions plus the amount credited to the member’s annuity savings account. Pension benefits vest after 10 years of creditable service. Members are immediately vested in their annuity savings account. At retirement, a member may choose to receive a lump sum payment of the amount credited to the member’s annuity savings account, receive the amount as an annuity, or leave the contributions invested with INPRS. A member who has reached age 65 and has at least 10 years of creditable service is eligible for normal retirement and is entitled to 100 percent of the pension benefit component. This annual pension benefit is equal to 1.1 percent times the average annual compensation times the number of years of creditable service. The average annual compensation in this calculation uses the highest 20 calendar quarters of salary in a covered position. A member who has reached age 60 and has at least 15 years of creditable service is eligible for normal retirement and is entitled to 100 percent of the pension benefit. A member who is at least 55 years old and whose age plus number of years of creditable service is at least 85 is entitled to 100 percent of the pension benefit. A member who has reached age 50 and has at least 15 years of creditable service is eligible for early retirement with a reduced pension. A member retiring early receives a percentage of the normal pension benefit, which remains the same for the member’s lifetime. The PERF plan also provides disability benefits to members. A member who has at least 5 years of creditable service and becomes disabled while in active service, on FMLA leave, receiving worker’s compensation benefits, or receiving employer provided disability insurance benefits may retire for the duration of the disability if they have qualified for social security disability benefits and furnish proof of the qualification. The disability benefit is calculated the 62 ---PAGE BREAK--- same as that for a normal retirement without reduction for early retirement. Also, under certain circumstances, upon the death in service of a member, a survivor benefit may be paid to a surviving spouse or surviving dependent children under the age of 18. The pension benefits for members in pay status may be increased periodically as cost of living adjustments (COLA), however, such increases are not guaranteed by statute and have historically been provided on an “ad hoc” basis. These increases can only be granted by the Indiana General Assembly. Contributions The contribution requirements of plan members are established and may be amended by the INPRS Board of Trustees. The required contributions are based on actuarial investigation and valuation in accordance with IC 5-10.2. The funding policy provides for periodic employer contributions at actuarially determined rates that, expressed as percentages of annual covered payroll, are sufficient to fund the pension benefits when they become due. PERF members are required to contribute three percent of their annual covered salary. For 2018, the primary government is required to contribute at an actuarially determined rate of 11.2 percent of annual covered payroll. The primary government’s contribution to the plan for the year ending December 31, 2018 was $5,515,477 and was equal to the required contribution for 2018. For 2018, the Allen County Public Library (discretely presented component unit) was required to contribute an actuarially determined rate of 11.2 percent of annual covered payroll. The Library’s contribution to the plan for the year ending December 31, 2018 was $1,099,321. Actuarial Assumptions There were changes in assumptions for the June 30, 2018 actuarial valuation. The actuarial assumptions used in the June 30, 2018 valuation of the Public Employee’s Retirement Fund were adopted by the INPRS Board in April, 2015. The total pension liability in the June 30, 2018 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Changes in assumptions: The COLA assumption was changed due to passage of Senate Enrolled Act No. 373. In lieu of a 1% COLA occurring beginning on January 1, 2010, the Plan now assumes that the COLA will be replaced by a 13th check for 2020 and 2021. The COLA assumption thereafter would be 0.4% beginning on January 1, 2022, changing to 0.5% beginning on January 1, 2034, and ultimately 0.6% beginning on January 1, 2039. In 2017, two mortality tables, healthy and disabled, were utilized. Additionally, a load on final average salary of $400 to reflect unused sick leave accumulated at termination of employment for active and inactive vested members was added. An assumption study was performed in April 2015, and the key assumptions are as follows: Inflation of 2.25%; Future salary increases range from 2.50% to 4.25%; the mortality tables for healthy members assumes the RP-2014 Total Data Set Mortality Tables, with Social Security generational improvements from 2006 based on the Social Security Administration’s 2014 Trustee Report. Disabled members assumes the RP-2014 Disabled Mortality Tables, with Social Security generational improvements from 2006 based on the Social Security Administration’s 2014 Trustee Report. Inflation 2.25% Salary Increases 2.5% to 4.25% Cost-of-living increases 1.00% 63 ---PAGE BREAK--- Long Term Target Expected Real Allocation Rate of Return Public Equity 22.0% 19.5% to 24.5% Private Equity 14.0 10.0 to 18.0 Fixed Income - Ex Inflation Linked 20.0 17.0 to 23.0 Fixed Income - Inflation Linked 7.0 4.0 to 10.0 Commodities 8.0 6.0 to 10.0 Real Estate 7.0 3.5 to 10.5 Absolute Return 10.0 6.0 to 14.0 Risk Parity 12.0 7.0 to 17.0 Total 100.0 Current 1% Decrease Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) County's proportionate share of the net pension liability 52,349,839 $ 33,255,714 $ 17,333,294 $ Current 1% Decrease Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) Library's proportionate share of the net pension liability 10,416,921 $ 6,617,444 $ 3,449,095 $ A change in an employer’s proportionate share represents the change as of the current year measurement date versus the prior year measurement date, and is amortized over the average expected remaining service lives of the plan. The difference between an employer’s contributions and the employer’s proportionate share of the collective contributions is amortized over the average expected remaining service lives of the plan. The long term return expectation for the INPRS defined benefit retirement plans has been determined by using a building block approach and assumes a time horizon, as defined in the INPRS Investment Policy Statement. A forecasted rate of inflation serves as the baseline for the return expectation. Various real return premiums over the baseline inflation rate have been established for each asset class. The long term expected nominal rate of return has been determined by calculating a weighted average of the expected real return premiums for each asset class, adding the projected inflation rate, and adding the expected return from rebalancing uncorrelated asset classes. The target allocation and best estimates of geometric real rates of return for each major asset class are summarized below: Discount Rate The discount rate used to measure the total pension liability was 6.75 percent. The projection of cash flows used to determine the discount rate assumed the contributions from employers would be, at a minimum, made at the actuarially determined required rates computed in accordance with the current funding policy adopted by the INPRS Board. Projected inflows from investment earnings were calculated using the long term assumed investment rate of 6.75 percent. Based on those assumptions, each defined benefit pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long term expected rate of return on pension plan investments was applied to all periods of projected benefits to determine the total pension liability for each plan. Sensitivity of the County’s Proportionate Share of the Net Pension Liability to Changes in the Discount Rate The following represents the net pension liability of the County (primary government) and the Allen County Public Library (discretely presented component unit), calculated using the discount rate of 6.75 percent, as well as what their respective net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower (5.75 percent) or 1- percentage point higher (7.75 percent) than the current rate: 64 ---PAGE BREAK--- Deferred Outflows Deferred Inflows of Resources of Resources Differences between expected and actual experience 434,920 $ 2,270 $ Net difference between projected and actual investment earnings on pension plan investments 984,904 - Change of assumptions 79,233 5,339,667 Changes in proportion and differences between employer contributions and proportionate share of contributions 296,003 1,934,605 Employer contributions subsequent to the measurement date 2,718,820 - Total 4,513,880 $ 7,276,542 $ Year Ended June 30 2019 14,193 $ 2020 (1,917,750) 2021 (2,988,954) 2022 (588,971) 2023 - Thereafter - Total (5,481,482) $ Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions As of December 31, 2018, the primary government recorded a pension liability of $33,255,714 for their proportionate share of the net pension liability. The net pension liability was measured as of June 30, 2018, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. The primary government’s proportion of the net pension liability was based on wages reported by employers relative to the collective wages of the plan. At June 30, 2018, the primary government’s proportion was .0097896 percent, which was a decrease of .0005544 from its proportion measured as of June 30, 2017. As of December 31, 2018, the Allen County Public Library (discretely presented component unit) reported a liability of $6,617,444 for their proportionate share of the net pension liability. At June 30, 2018, the Library’s portion was .0019480 percent, which was a decrease of .0000267 percent from its proportion measured as of June 30, 2017. For the year ended June 30, 2018, the primary government recognized pension expense of $3,453,632. At June 30, 2018, the primary government reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: The primary government reported $2,718,820 as deferred outflows of resources related to pensions resulting from the primary government’s contributions subsequent to the measurement date that will be recognized as a reduction of net pension liability in the year ended December 31, 2019. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: For the year ended June 30, 2018, the Allen County Public Library (discretely presented component unit) recognized pension expense of $1,037,575. At June 30, 2018, the Library reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: 65 ---PAGE BREAK--- Deferred Outflows Deferred Inflows of Resources of Resources Differences between expected and actual experience 86,543 $ 452 $ Net difference between projected and actual investment investment earnings on pension plan investments 195,983 - Change of assumptions 15,766 1,062,523 Changes in proportion and differences between employer contributions and proportionate share of contributions 15,361 231,848 Employer contributions subsequent to the measurement date 540,416 - 854,069 $ 1,294,823 $ Year Ended June 30 2019 (27,866) $ 2020 (316,588) 2021 (519,517) 2022 (117,199) 2023 - Thereafter - Total (981,170) $ The Allen County Public Library (discretely presented component unit) reported $540,416 as deferred outflows of resources related to pensions resulting from Library contributions subsequent to the measurement date that will be recognized as a reduction of their net pension liability in the year ended December 31, 2019. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Pension Plan Fiduciary Net Position The pension plan’s fiduciary net position has been determined on the same basis of accounting used by the pension plan. Detailed information about the pension plan’s fiduciary net position is available in the separately issued INPRS financial report, which is available online at http://www.inprs.in.gov or may be obtained by contacting: Indiana Public Retirement System One North Capitol Avenue, Suite 001 Indianapolis, IN 46204 Ph. (888) 526-1687 Benefit Payment Policies Pension, disability, special death benefits, and distributions of contributions and interest are recognized when due and payable to members or beneficiaries. Benefits are paid once the retirement or survivor applications have been processed and approved. Distributions of contributions and interest are refunds from non-vested inactive members’ annuity savings accounts. These distributions may be requested by members or automatically distributed by the fund when certain criteria are met. Valuation of Pension Plan Investments Investments are generally reported at fair value. Fair value is the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date. 66 ---PAGE BREAK--- Inactive plan members or beneficiaries currently receiving benefits 95 Inactive plan members or beneficiaries entitled to but not yet receiving benefits 8 Active plan members 130 Total 233 Short-term investments consist primarily of cash, money market funds, certificates of deposits and fixed income instruments with maturities of less than one year. Short-term investments are generally reported using cost-based measures, which approximates fair value. Fixed income securities consist primarily of the U.S. government, U.S. government- sponsored agencies, publicly traded debt and commingled investment debt instruments. Equity securities consist primarily of domestic and international stocks in addition to commingled equity instruments. Fixed income and equity securities are generally valued based on published market prices and quotations from national security exchanges and security pricing services. Securities that are not traded on a national security exchange are valued using modeling techniques that include market observable inputs. Commingled funds are valued using the net asset value (NAV) of the entity. Alternative investments include limited partnership interests in private market, absolute return, real estate and risk parity investment strategies. Publicly traded alternative investments are valued based on quoted market prices. In the absence of readily determinable public fair values, alternative investments are valued using current estimates of fair value obtained from the general partner or investment manager. Holdings are generally valued by a general partner or investment manager on a quarterly or semi-annual basis. Valuation assumptions are based upon the nature of the investment and the underlying business. Additionally, valuation techniques will vary by investment type and involve a certain degree of expert judgement. Alternative investments, such as investments in private market or real estate, are generally considered to be illiquid long-term investments. Due to the inherent uncertainty that exists in the valuation of alternative investments, the realized value upon the sale of an asset may differ significantly from the fair value. Derivative instruments are marked to market daily with changes in fair value recognized as part of investments and investment income. Fully benefit-responsive guaranteed investment contracts are reported at contract value. B. Single-Employer Defined Benefit Pension Plans 1. County Police Retirement Plan Plan Description The Allen County Police Retirement Plan (Plan) is a single-employer defined benefit pension plan established to provide retirement, termination/severance, disability, and survivor benefits for a person employed by the Allen County Police Department (Employer) as a County Policeman, Sheriff, or Deputy Sheriff with full police power (Employee), as such terms are used in Indiana Code. Indiana Code 36-8-10-12 grants the authority to the Employer and a trustee to establish and amend the benefit terms to the Plan with approval of the county fiscal body. The Plan was established on January 1, 1965 and is administered by the Committee. The composition of the Committee, according to the Plan legal document, shall be the Sheriff and the Merit Board (the Merit Board, per IC 36-8-10-3, consists of five members, three members appointed by the Sheriff, and two members elected by a majority vote of the members of the county police force). At December 31, 2018, Plan membership consisted of the following: 67 ---PAGE BREAK--- Benefits Provided The Plan provides that the retirement benefit shall be a pension payable for the longer of 120 months or the member’s lifetime equal to two and one-half percent of the member’s average wage received during the highest paid sixty (60) calendar months before retirement (such calendar months must be consecutive) plus one dollar this sum multiplied by the member’s years of credited service up to twenty (20) years; plus an additional two percent of the member’s average wage, as outlined above, multiplied by the member’s years of credited service in excess of twenty (20) years up to an additional twelve (12) years. Members are eligible to retire as of normal retirement for an unreduced benefit upon attainment of age fifty-five (55) and completion of at least twenty (20) years of credited service, or age sixty (60). A member who continues employment beyond his normal retirement age shall be eligible for a late retirement benefit upon actual retirement equal to the member’s benefit earned in accordance to the normal retirement formula with credit given for subsequent service (provided that the thirty-two (32) year credited service maximum shall not be exceeded in computing the benefit). The severance benefit payable to a member prior to completion of five years of credited service or attainment of age forty-five (45) is a lump sum payment of the net amount of contributions (including interest) plus the amount transferred by the member for the purchase of credited service. After completion of five years of credit service or attainment of age forty-five (45), a member may elect to receive a lump sum, as outlined above, or may leave the contributions in the plan and receive one hundred percent (100%) of the member portion of the accrued benefit deferred until his normal retirement date. Additionally, a benefit shall be payable equal to the amount earned under the normal retirement benefit formula, using credited service as of his date of severance, reduced by the member portion of the accrued benefit, multiplied by the vesting factor outlined in the plan document with respect to years of vesting service or age commencing on the member’s normal retirement date. If a member separates employment due to disability, he may elect to receive a lump sum payment of the net amount of contributions (including interest) plus the amount transferred by the member for the purchase of credited service, reducing the benefit that shall be payable from the Supplemental Benefit Plan. In the event a married or unmarried member who does not have a 100% vested interest dies as a result of non-line of duty activity prior to reaching his normal retirement date, the designated beneficiary shall be entitled to receive a death benefit which shall be a lump sum equal to his net amount of contributions (including interest) plus the amount transferred by the member for the purchase of credited service. In the event a married or unmarried member who has a 100% vested interest dies as a result of non-line of duty or line of duty activity prior to reaching his normal retirement date, the designated beneficiary shall be entitled to receive a death benefit which shall be a lump sum equal to his net amount of contributions (including interest), reducing the benefit payable that shall be payable from the Supplemental Benefit Trust. In the event an unmarried member, or a married member who has designated a beneficiary other than his spouse, dies after attaining his normal retirement date but prior to the commencement of any benefit from the Plan, the designated beneficiary shall receive 120 payment equal to the amount of the pension the participant would have received if payments had commenced on the date of his death. In the event a married member, who has designated his spouse as his beneficiary, dies after attaining his normal retirement date but prior to the commencement of any benefit from the Plan, the surviving spouse shall receive 100% of the participant’s accrued benefit as a annuity payable for their remaining lifetime. 68 ---PAGE BREAK--- Target Allocation Asset Class Percentage Domestic Large Stocks 25 Domestic Small Stocks 15 High Yield Bonds 5 Dev. International Stocks 10 Emerging Market Stocks 5 Fixed Income-Core 23 Fixed Income-Short Term 5 High Yield Fixed Income 7 Cash & Equivalents 5 Total 100 Contributions The Employer intends to contribute to the Plan each year such amounts as may be required to operate the Plan on a sound actuarial basis. The minimum annual contribution by the department must be sufficient, as determined by the pension engineers, to prevent deterioration in the actuarial status of the trust fund during the year. According to IC 36-8-10- 12(e), if the department fails to make minimum contributions for three successive years, the pension trust terminates and the trust fund shall be liquidated. For the year ending December 31, 2018, the mandatory member contribution rate (per the Plan’s legal document) was 3.00% of annual pay and the actuarially determined Employer’s contribution rate was 26.9% of annual payroll. Investment Policy The pension plan’s policy in regard to the allocation of invested assets is established and may be amended by the Board (per Plan legal document) by a majority vote of its members. To maintain compliance with the Investment Policy Statement, the board retains the ability to implement changes in asset allocation. This will be accomplished by the direction of Fund cash flows to various asset classes and/or the reallocation of funds among asset categories. At its option, the Board may initiate a formal asset allocation study every three to five years to aid it in its asset allocation discussions and decisions. The Board desires the portfolios to be fully invested. Cash (or its equivalents) are not deemed a strategic asset of the overall Fund. The Board has revised the asset allocation policy on November 3, 2016. Rate of Return For the year ended December 31, 2018, the annual money-weighted rate of return on pension plan investments, net of pension plan expense was (4.30) percent. The money- weighted rate of return expresses the investment performance, net of investment expense, adjusted for the changing amounts actually invested. Deferred Retirement Option Program The Deferred Retirement Option Program (DROP) for the Plan was established on July 1, 2011 pursuant to the Plan’s legal document and is governed by the Employer and a trustee. Members of the Plan that are eligible to retire with an unreduced benefit may elect to accumulate a DROP benefit while continuing to work. At the time of their election, the member executes an irrevocable election to retire on a DROP retirement date and remain in active service, but the member does not contribute to the fund during the DROP period. A member who has attained age fifty-five (55) and completed at least twenty (20) years of service or attained age sixty (60) may irrevocably elect to enter the DROP for a period not longer than three years and shall not extend beyond the date the member is credited with thirty-two (32) years of service. From the date the member enters the DROP, he will not be 69 ---PAGE BREAK--- Total pension liability 63,631,456 $ Plan fiduciary net position (48,684,875) Plan's net pension liability 14,946,581 $ Plan fiduciary net position as a percentage of the total pension liability 76.51% Measurement Date December 31, 2018 Valuation Date Assets December 31, 2018 Liabilities December 31, 2018 - Actual member census data as of December 31, 2018 was used in the valuation. Inflation Rate 3.00% per annum Future Salary Increases 4.00% per annum (3.00% increases due to inflation and 1.00% due to merit/seniority.) Investment Rate of Return 6.75% per annum, net of pension plan investment expenses, including inflation Cost of Living Increase Not Applicable Mortality Assumption RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Projection Scale MP- 2018 (separate employee and annuitant tables and male and female tables) credited with any additional years of service. The member’s DROP frozen benefit will be equal to the pension benefit calculated under the standard benefit formula based upon the member’s salary and years of credited service as of the DROP entry date. Upon actual severance of employment by retirement at any time after the DROP entry date, the member will receive their DROP benefit accumulation in the available form/option elected by the member in addition to the DROP frozen benefit to be paid as a annuity. As of December 31, 2018, the balance of the amounts held by the plan pursuant to the DROP is $218,011. Net Pension Liability of the Plan The components of the net pension liability of the Plan at December 31, 2018 were as follows: Pension Expense of the Plan Pension expense of $3,480,411 must be recognized for the fiscal year ending December 31, 2018. Significant Actuarial Assumptions Discount Rate The discount rate used to measure the total pension liability was 6.75% as of December 31, 2018, and is equal to the long-term expected return on plan investments. The projection cash flows used to determine the discount rate assumed that employer contributions would be made at the actuarially calculated rate computed in accordance with IC 36-8-10-12(e) to prevent the deterioration in the actuarial status of the trust. The future contribution assumption was based upon the review of recent Employer contribution history compared to the corresponding actuarially determined contributions. Based on this assumption, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. 70 ---PAGE BREAK--- Fiscal Year End Amortization Dec. 31, 2019 1,664,341 $ Dec. 31, 2020 760,279 Dec. 31, 2021 969,797 Dec. 31, 2022 1,224,096 Dec. 31, 2023 7,370 Thereafter - Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the Allen County Police Retirement Plan, calculated using the discount rate of 6.75%, as well as what the Allen County Police Retirement Plan’s net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (5.75%) or 1-percentage-point higher (7.75%) than the current rate: Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At December 31, 2018, the deferred outflows/(inflows) of resources based on obligations for the plan are as follows: The balances as of December 31, 2018 of the deferred outflows/(inflows) of resources will be recognized in pension expense as follows: Current 1% Decrease Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) Total Pension Liability 71,082,223 $ 63,631,456 $ 57,366,803 $ Plan Fiduciary Net Position 48,684,875 48,684,875 48,684,875 Net Pension Liability 22,397,348 $ 14,946,581 $ 8,681,928 $ Initial Annual December 31, 2018 Initial Balance Amortization Period Recognition Balance Liability experience losses/(gains): Base for year ending December 31, 2018 321,820 $ 5.216 61,699 $ 260,121 $ Base for year ending December 31, 2017 1,212,624 5.157 235,141 742,342 Base for year ending December 31, 2016 227,812 5.243 43,451 97,459 Base for year ending December 31, 2015 108,503 5.157 21,040 24,343 Base for year ending December 31, 2014 (430,349) 5.322 (80,862) (26,039) Changes in assumptions: Base for year ending December 31, 2018 (143,815) $ 5.216 (27,572) $ (116,243) $ Base for year ending December 31, 2017 819,710 5.157 158,951 501,808 Base for year ending December 31, 2016 (544,042) 5.243 (103,765) (232,747) Base for year ending December 31, 2015 732,983 5.157 142,134 164,447 Base for year ending December 31, 2014 1,239,380 5.322 232,879 74,985 Investment losses/(gains): Base for year ending December 31, 2018 5,640,467 $ 5.000 1,128,093 $ 4,512,374 $ Base for year ending December 31, 2017 (2,859,279) 5.000 (571,856) (1,715,567) Base for year ending December 31, 2016 (947,387) 5.000 (189,477) (378,956) Base for year ending December 31, 2015 3,587,780 5.000 717,556 717,556 Base for year ending December 31, 2014 266,954 5.000 53,390 - 1,820,802 $ 4,625,883 $ 71 ---PAGE BREAK--- Amorization periods: The changes in total pension liability due to liability experience losses/(gains) and changes in assumptions for the most current year have been amortized over 5.216 years, the average remaining service of all members with any liability in the plan as of January 1, 2018. The change in net pension liability due to investment losses/(gains) has been amortized over 5.0 years as prescribed. Assumption changes: The changes in assumptions for base year ending December 31, 2018 reflect the change from the use of the RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2017 (separate employee and annuitant tables and male and female tables) to the RP-2014 Adjusted to 2006 Total Dataset mortality with Two Dimensional Generational Mortality Improvement Scale MP-2018 (separate employee and annuitant tables and male and female tables). The changes in assumptions for base year ending December 31, 2017 reflect the change from the use of the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2016 (separate employee and annuitant tables and male and female tables) to the RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2017 (separate employee and annuitant tables and male and female tables). The changes in assumptions for base year ending December 31, 2016 reflect the change from the use of the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2015 (separate employee and annuitant tables and male and female tables) to the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2016 (separate employee and annuitant tables and male and female tables). The changes in assumptions for base year ending December 31, 2015 reflect the change from the use of the 2015 IRS Combined Morality Tables for Small Plans (separate male and female tables) as prescribed for use in corporate valuations to the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2015 (separate employee and annuitant tables and male and female tables). The changes in assumptions for base year ending December 31, 2014 reflect the change from a discount rate and salary scale of 7.00% and 4.50% to a discout rate and salary scale of 6.75% and 4.00%. 2. County Police Benefit Plan Plan Description The Allen County Police Benefit Plan (Plan) is a single-employer defined benefit pension plan established to provide disability, death, and survivor/dependent benefits for a person employed by the Allen County Police Department (Employer) as a County Policeman, Sheriff, or Deputy Sheriff with full police power (Employee), as such terms are used in Indiana Code. Indiana Code 36-8-10 Sections 14, 15, 16 and 17 grant the authority to the Employer and a trustee to establish and amend the benefit terms to the Plan with approval of the county fiscal body. The Plan was established on January 1, 1965 and is administered by the Committee. The composition of the Committee, according to the Plan’s legal document, shall be the Sheriff and the Merit Board (the Merit Board, per IC 36-8-10-3, consists of five members, three members appointed by the Sheriff, and two members elected by a majority vote of the members of the county police force). At December 31, 2018, Plan membership consisted of the following: Benefits Provided If a member becomes disabled after attainment of age forty (45) and completion of 5 years of credited service, the Plan shall provide a benefit payable for life or until recovery from the disability. The amount of the benefit shall be equal to the accrued retirement benefit or the employer portion of the accrued benefit if employee contributions plus interest are withdrawn, payable at normal retirement date. The participant may elect to begin receiving the actuarial equivalent of this benefit on his disability date. In the event a married member who does not have a 100% vested interest dies as a result of non-line of duty activity prior to reaching his normal retirement date, there shall be payable a Inactive plan members or beneficiaries currently receiving benefits 6 Inactive plan members or beneficiaries entitled to but not yet receiving benefits - Active plan members 130 Total 136 72 ---PAGE BREAK--- Target Allocation Asset Class Percentage Domestic Large Stocks 25 Domestic Small Stocks 15 High Yield Bonds 5 Dev. International Stocks 10 Emerging Market Stocks 5 Fixed Income-Core 23 Fixed Income-Short Term 5 High Yield Fixed Income 7 Cash & Equivalents 5 Total 100 benefit of one thousand dollars ($1,000) to such member’s surviving spouse for the spouse’s remaining lifetime. In the event a married member who has a 100% vested interest dies as a result of non-line of duty or line of duty activity prior to reaching his normal retirement date, there shall be payable a benefit equal to the greater of one thousand dollars ($1,000) or seventy-five percent (75%) of the member’s accrued benefit earned as of the date of the member’s death, adjusted to reflect any withdrawal of mandatory contributions plus interest, if applicable, to such member’s surviving spouse for the spouse’s remaining lifetime. In the event an unmarried member who has a 100% vested interest dies as a result of non- line of duty or line of duty activity prior to reaching his normal retirement date, there shall be payable a benefit equal to seventy-five percent (75%) of the member’s accrued benefit earned as of the date of the member’s death, adjusted to reflect any withdrawal of mandatory contributions plus interest, if applicable, to such member’s designated beneficiary as a ten (10) year period certain only benefit. Contributions The Employer intends to contribute to the Plan each year such amounts as may be required to operate the Plan on a sound actuarial basis. The minimum annual contribution by the department must be sufficient, as determined by the pension engineers, to prevent deterioration in the actuarial status of the trust fund during the year. According to IC 36-8-10- 12(e), if the department fails to make minimum contributions for three successive years, the pension trust terminates and the trust fund shall be liquidated. For the year ending December 31, 2018, the actuarially determined Employer’s contribution rate was 1.1% of annual payroll. Investment Policy The pension plan’s policy in regard to the allocation of invested assets is established and may be amended by the Board (per Plan legal document) by a majority vote of its members. To maintain compliance with the Investment Policy Statement, the Board retains the ability to implement changes in asset allocation. This will be accomplished by the direction of Fund cash flows to various asset classes and/or the reallocation of funds among asset categories. At its option, the Board may initiate a formal asset allocation study every three to five years to aid it in its asset allocation discussions and decisions. The Board desires the portfolios to be fully invested. Cash (or its equivalents) are not deemed a strategic asset of the overall Fund. The Board has revised the asset allocation policy on November 3, 2016. Rate of Return For the year ended December 31, 2018, the annual money-weighted rate of return on pension plan investments, net of pension plan expense was (4.24) percent. The money- weighted rate of return expresses investment performance, net of investment expense, adjusted for the changing amounts actually invested. 73 ---PAGE BREAK--- Total pension liability 2,305,658 $ Plan fiduciary net position (2,003,914) Plan's net pension liability 301,744 $ Plan fiduciary net position as a percentage of the total pension liability 86.91% Measurement Date December 31, 2018 Valuation Date Assets December 31, 2018 Liabilities December 31, 2018 - Actual member census data as of December 31, 2018 was used in the valuation. Inflation Rate 3.00% per annum Future Salary Increases 4.00% per annum (3.00% increases due to inflation and 1.00% due to merit/seniority.) Investment Rate of Return 6.75% per annum, net of pension plan investment expenses, including inflation Cost of Living Increase Not Applicable Mortality Assumption RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Projection Scale MP- 2018 (separate employee and annuitant tables and male and female tables) Line of Duty Death Assumption 10% of active participant deaths are assumed to occur in line of duty Current 1% Decrease Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) Total Pension Liability 2,602,292 $ 2,305,658 $ 2,057,577 $ Plan Fiduciary Net Position 2,003,914 2,003,914 2,003,914 Net Pension Liability (Asset) 598,378 $ 301,744 $ 53,663 $ Net Pension Liability of the Plan The components of the net pension liability of the Plan at December 31, 2018 were as follows: Pension Expense of the Plan Pension expense of $188,217 must be recognized for the fiscal year ending December 31, 2018. Significant Actuarial Assumptions Discount Rate The discount rate used to measure the total pension liability was 6.75% as of December 31, 2018, and is equal to the long-term expected return on plan investments. The projection cash flows used to determine the discount rate assumed that employer contributions would be made at the actuarially calculated rate computed in accordance with IC 36-8-10-12(e) to prevent the deterioration in the actuarial status of the trust. The future contribution assumption was based upon the review of recent Employer contribution history compared to the corresponding actuarially determined contributions. Based on this assumption, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the Allen County Police Benefit Plan, calculated using the discount rate of 6.75%, as well as what the Allen County Police Benefit Plan’s net pension liability would be if it were calculated using a discount rate that is 1- percentage-point lower (5.75%) or 1-percentage point higher (7.75%) than the current rate: 74 ---PAGE BREAK--- Initial Annual December 31, 2017 Initial Balance Amortization Period Recognition Balance Liability experience losses/(gains): Base for year ending December 31, 2018 (132,531) $ 8.963 (14,786) $ (117,745) $ Base for year ending December 31, 2017 234,333 8.897 26,338 181,657 Base for year ending December 31, 2016 (110,212) 8.982 (12,270) (73,402) Base for year ending December 31, 2015 (142,295) 8.846 (16,086) (77,951) Base for year ending December 31, 2014 83,472 9.086 9,187 37,537 Changes in assumptions: Base for year ending December 31, 2018 5,109 $ 8.963 570 $ 4,539 $ Base for year ending December 31, 2017 (9,204) 8.897 (1,035) (7,134) Base for year ending December 31, 2016 (2,828) 8.982 (315) (1,883) Base for year ending December 31, 2015 63,730 8.846 7,204 34,914 Base for year ending December 31, 2014 48,929 9.086 5,385 22,004 Investment losses/(gains): Base for year ending December 31, 2018 226,981 $ 5.000 45,396 $ 181,585 $ Base for year ending December 31, 2017 (115,095) 5.000 (23,019) (69,057) Base for year ending December 31, 2016 (29,592) 5.000 (5,918) (11,838) Base for year ending December 31, 2015 152,520 5.000 30,504 30,504 Base for year ending December 31, 2014 11,728 5.000 2,344 - 53,499 $ 133,730 $ Fiscal Year End Amortization Dec. 31, 2019 51,155 $ Dec. 31, 2020 20,649 Dec. 31, 2021 26,569 Dec. 31, 2022 49,589 Dec. 31, 2023 (7,754) Thereafter (6,478) Amorization periods: The changes in total pension liability due to liability experience losses/(gains) and changes in assumptions for the most current year have been amortized over 8.963 years, the average remaining service of all members with any liability in the plan as of January 1, 2018. The change in net pension liability due to investment losses/(gains) has been amortized over 5.0 years as prescribed. Assumption changes: The changes in assumptions for base year ending December 31, 2018 reflect the change from the use of the RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2017 (separate employee and annuitant tables and male and female tables) to the RP-2014 Adjusted to 2006 Total Dataset mortality with Two Dimensional Generational Mortality Improvement Scale MP-2018 (separate employee and annuitant tables and male and female tables). The changes in assumptions for base year ending December 31, 2017 reflect the change from the use of the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2016 (separate employee and annuitant tables and male and female tables) to the RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2017 (separate employee and annuitant tables and male and female tables). The changes in assumptions for base year ending December 31, 2016 reflect the change from the use of the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2015 (separate employee and annuitant tables and male and female tables) to the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2016 (separate employee and annuitant tables and male and female tables). The changes in assumptions for base year ending December 31, 2015 reflect the change from the use of the 2015 IRS Combined Morality Tables for Small Plans (separate male and female tables) as prescribed for use in corporate valuations to the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2015 (separate employee and annuitant tables and male and female tables). The changes in assumptions for base year ending December 31, 2014 reflect the change from a discount rate and salary scale of 7.00% and 4.50% to a discout rate and salary scale of 6.75% and 4.00%. Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At December 31, 2018, the deferred outflows/(inflows) of resources based on obligations for the Plan are as follows: The balances as of December 31, 2018 of the deferred outflows/(inflows) of resources will be recognized in pension expense as follows: 75 ---PAGE BREAK--- 3. Financial Statements for Defined Benefit Plans County Police County Police Retirement Plan Benefit Plan Assets Cash and cash equivalents 4,219,948 $ 206,148 $ Receivables: County contributions - - Employee contributions 19,445 - Accrued interest and dividends 6,608 344 Total receivables 26,053 344 Investments: Fixed income securities 19,345,057 759,391 Domestic and foreign equities 25,093,818 1,038,031 Total investments 44,438,875 1,797,422 Total Assets 48,684,876 2,003,914 Liabilities Payables: Net benefits due and unpaid/(overpaid) - - Transfers out of trust - - Other - - Total Liabilities - - Net position restricted for Pensions 48,684,876 $ 2,003,914 $ STATEMENT OF FIDUCIARY NET POSITION 76 ---PAGE BREAK--- 3. Financial Statements for Defined Benefit Plans County Police County Police Retirement Plan Benefit Plan Additions Contributions: Employer 2,230,101 $ 81,356 $ Employee 251,858 - Total contributions 2,481,959 81,356 Investment Income: Interest and Dividends 1,311,036 52,626 Net decrease in fair value of investments (3,502,849) (138,995) Less investment expense - - Net investment income (2,191,813) (86,369) Total additions 290,146 (5,013) Deductions Benefit payments (including refunds of employee contributions) 2,866,888 64,661 Administrative expense 86,476 1,146 Total deductions 2,953,364 65,807 Net increase in Net Pension (2,663,218) (70,820) Net Position Restricted for Pensions Beginning of year 51,348,095 2,074,733 End of year 48,684,877 $ 2,003,913 $ STATEMENT OF CHANGES IN FIDUCIARY NET POSITION 77 ---PAGE BREAK--- County Police Retirement Plan 2018 2017 2016 2015 2014 Total Pension liability Service Cost 1,177,687 $ 1,023,466 $ 979,124 $ 902,114 $ 901,082 $ Interest 4,095,244 3,810,038 3,704,007 3,533,405 3,489,167 Changes in plan provisions - 18,385 - - - Difference between expected and actual experience 321,820 1,212,624 227,812 108,503 (430,349) Change in assumptions (143,815) 819,710 (544,042) 732,983 1,239,380 Benefit payments (2,862,731) (2,754,592) (2,941,827) (2,690,363) (2,708,792) Net change in Total Pension Liability 2,588,205 4,129,631 1,425,074 2,586,642 2,490,488 Total pension liability - beginning of year 61,043,251 56,913,620 55,488,546 52,901,904 50,411,416 Total pension liability - end of year 63,631,456 $ 61,043,251 $ 56,913,620 $ 55,488,546 $ 52,901,904 $ Plan fiduciary net position County contributions 2,230,101 $ 2,093,845 $ 1,940,126 $ 1,913,674 $ 1,880,580 $ Employee contributions 251,144 225,547 236,520 196,306 186,665 Net transfers into (out of) trust - (64,719) - (13,964) - Net investment income (2,191,813) 5,940,799 3,817,637 (623,338) 2,669,670 Benefit payments (2,862,731) (2,754,592) (2,941,827) (2,690,363) (2,708,792) Administrative expenses (86,476) (106,541) (95,041) (87,552) (104,620) Other - 64,719 - 13,964 - Net change in Plan Fiduciary Net Position (2,659,775) 5,399,058 2,957,415 (1,291,273) 1,923,503 Plan fiduciary net position - beginning of year 51,344,650 45,945,592 42,988,177 44,279,450 42,355,947 Plan fiduciary net position - end of year 48,684,875 $ 51,344,650 $ 45,945,592 $ 42,988,177 $ 44,279,450 $ Net Pension Liability (Asset) - End of Year - 14,946,581 $ 9,698,601 $ 10,968,028 $ 12,500,369 $ 8,622,454 $ Plan fiduciary net position as a percentage of the total pension liability 76.51% 84.11% 80.73% 77.47% 83.70% Covered-employee payroll 8,777,206 8,424,630 7,311,096 6,869,667 6,456,147 Net pension liability as a percentage of covered-employee payroll 170.29% 115.12% 150.02% 181.96% 133.55% Notes to Schedule: *Information presented for the years information is available ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION Last 10 Years* SCHEDULE OF CHANGES IN THE COUNTY'S NET PENSION LIABILITY AND RELATED RATIOS 78 ---PAGE BREAK--- County Police Benefit Plan 2018 2017 2016 2015 2014 Total pension liability Service Cost 118,463 $ 87,624 $ 83,300 $ 73,017 $ 54,354 $ Interest 155,722 127,583 125,214 121,101 108,193 Changes in plan provisions - 10,367 - - - Difference between expected and actual experience (132,531) 234,333 (110,212) (142,295) 83,472 Change in assumptions 5,109 (9,204) (2,828) 63,730 48,929 Benefit payments (64,661) (64,661) (64,781) (65,021) (65,291) Net change in Total Pension Liability 82,102 386,042 30,693 50,532 229,657 Total pension liability - beginning of year 2,223,556 1,837,514 1,806,821 1,756,289 1,526,632 Total pension liability - end of year 2,305,658 $ 2,223,556 $ 1,837,514 $ 1,806,821 $ 1,756,289 $ Plan fiduciary net position County contributions 81,356 $ 86,292 $ 93,510 $ 55,854 $ 70,445 $ Employee contributions N/A N/A N/A N/A N/A Net transfers into (out of) trust - - - - - Net investment income (86,368) 238,410 141,729 (38,491) 99,777 Benefit payments (64,661) (64,661) (64,781) (65,021) (65,291) Administrative expenses (1,146) (1,062) (947) (843) (703) Other - - - - - Net change in Plan Fiduciary Net Position (70,819) 258,979 169,511 (48,501) 104,228 Plan fiduciary net position - beginning of year 2,074,733 1,815,754 1,646,243 1,694,744 1,590,516 Plan fiduciary net position - end of year 2,003,914 $ 2,074,733 $ 1,815,754 $ 1,646,243 $ 1,694,744 $ Net Pension Liability (Asset) - End of Year - 301,744 $ 148,823 $ 21,760 $ 160,578 $ 61,545 $ Plan fiduciary net position as a percentage of the total pension liability 86.91% 93.31% 98.82% 91.11% 96.50% Covered-employee payroll 8,777,206 8,424,630 7,311,096 6,869,667 6,456,147 Net pension liability as a percentage of covered-employee payroll 3.44% 1.77% 0.30% 2.34% 0.95% Notes to Schedule: *Information presented for the years information is available ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN THE COUNTY'S NET PENSION LIABILITY AND RELATED RATIOS Last 10 Years* 79 ---PAGE BREAK--- 2018 2017 2016 2015 2014 County Police Retirement Plan Actuarially determined contribution** 1,968,441 $ 1,940,644 $ 1,793,068 $ 1,770,122 $ 1,744,741 $ County contributions recognized 2,230,101 2,093,845 1,940,126 1,913,674 1,880,580 Contribution deficiency (excess) (261,660) $ (153,201) $ (147,058) $ (143,552) $ (135,839) $ Covered - employee payroll 8,424,630 $ 7,311,096 $ 6,869,667 $ 6,456,147 $ 6,309,482 $ Contributions recognized as a percentage of covered-employee payroll 26.47% 28.64% 28.24% 29.64% 29.81% 2013 2012 2011 2010 County Police Retirement Plan Actuarially determined contribution** 1,699,803 $ 1,593,248 $ 1,719,383 $ 1,712,696 $ County contributions recognized 1,832,170 1,723,869 1,865,658 1,881,767 Contribution deficiency (excess) (132,367) $ (130,621) $ (146,275) $ (169,071) $ Covered - employee payroll 6,183,034 $ 6,118,166 $ 5,983,558 $ 6,250,714 $ Contributions recognized as a percentage of covered-employee payroll 29.63% 28.18% 31.18% 30.10% Notes to schedule Valuation date: Actuarially determined contribution rates are calculated as of January 1, two years prior to the end of the fiscal year in which contributions are reported. Methods and assumptions used to determine most current contribution rate above: Actuarial cost method Frozen initial liability Amortization method Level percentage of payroll, open Remaining amortization period 25 years Asset valuation method Inflation 3.0% Salary increases 4.00% average, including inflation Investment rate of return 6.75% Retirement age The later of age 55 and 20 years of service or one year from the valuation date Mortality RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Projection Scale MP-2016 (separate employee and annuitant tables and male and female tables) Other Information: None *Schedule presented for years information available 5-Year Asset Smooting, limited to 80% and 120% of market value ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF COUNTY CONTRIBUTIONS Last 10 Years* 80 ---PAGE BREAK--- 2018 2017 2016 2015 2014 County Police Benefit Plan Actuarially determined contribution** 81,356 $ 86,292 $ 93,510 $ 55,854 $ 70,445 $ County contributions recognized 81,356 86,292 93,510 55,854 70,445 Contribution deficiency (excess) - $ - $ - $ - $ - $ Covered - employee payroll 8,424,630 $ 7,311,096 $ 6,869,667 $ 6,456,147 $ 6,309,482 $ Contributions recognized as a percentage of covered-employee payroll 0.97% 1.18% 1.36% 0.87% 1.12% 2013 2012 2011 2010 County Police Benefit Plan Actuarially determined contribution** 89,939 $ 103,962 $ 85,351 $ 88,233 $ County contributions recognized 89,939 103,962 85,351 88,233 Contribution deficiency (excess) - $ - $ - $ - $ Covered - employee payroll 6,183,034 $ 6,118,166 $ 5,983,558 $ 6,250,714 $ Contributions recognized as a percentage of covered-employee payroll 1.45% 1.70% 1.43% 1.41% Notes to schedule Valuation date: Actuarially determined contribution rates are calculated as of January 1, two years prior to the end of the fiscal year in which contributions are reported. Methods and assumptions used to determine most current contribution rate above: Actuarial cost method Aggregate Amortization method Not Applicable Remaining amortization period Not Applicable Asset valuation method Inflation 3.0% Salary increases 4.00% average, including inflation Investment rate of return 6.75% Retirement age Mortality RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Projection Scale MP-2016 (separate employee and annuitant tables and male and female tables) Other Information: None *Schedule presented for years information available The later of age 55 and 20 years of service or one year from the valuation ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF COUNTY CONTRIBUTIONS Last 10 Years* 5-Year Asset Smoothing, limited to 80% and 120% of market value 81 ---PAGE BREAK--- 2018 2017 2016 2015 2014 County Police Retirement Plan Annual money-weighted rate of return (4.30%) 13.04% 9.00% (1.43%) 6.35% 2013 2012 2011 2010 2009 Annual money-weighted rate of return 14.90% 10.30% (1.40%) 12.40% 24.90% ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF INVESTMENT RETURNS Last 10 Fiscal Years 82 ---PAGE BREAK--- 2018 2017 2016 2015 2014 County Police Benefit Plan Annual money-weighted rate of return (4.24%) 13.17% 8.59% (2.35%) 6.29% 2013 Annual money-weighted rate of return 14.80% *Schedule presented for the years information available. ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF INVESTMENT RETURNS Last 10 Fiscal Years* 83 ---PAGE BREAK--- 2018 2017 2016 2015 2014 Indiana Public Retirement System Proportion of the net pension liability (asset) 0.97896% 1.03440% 1.01058% 1.12838% 1.06157% Proportionate share of the net pension liability (asset) 33,255,714 $ 46,150,206 $ 45,864,613 $ 45,957,812 $ 27,897,371 $ Covered payroll 49,952,345 $ 51,318,423 $ 48,432,812 $ 54,047,347 $ 51,829,153 $ Proportionate share of the net pension liability (asset) as a percentage of its covered payroll 66.57% 89.93% 94.70% 85.03% 53.83% Plan fiduciary net position as a percentage of the total pension liability 78.89% 76.60% 75.30% 77.30% 84.30% *Schedule presented for years information available ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF PROPORTIONATE SHARE OF NET PENSION LIABILITY AND RELATED RATIOS Last 10 Fiscal Years* 84 ---PAGE BREAK--- 2018 2017 2016 2015 2014 Indiana Public Retirement System Statutorily required contribution 5,515,477 $ 5,518,762 $ 5,488,388 $ 5,685,565 $ 5,324,298 $ Actual county contributions 5,515,477 5,518,762 5,488,388 5,685,565 5,324,298 Contribution deficiency (excess) - $ - $ - $ - $ - $ Covered - employee payroll 49,713,002 $ 49,069,627 $ 49,372,626 $ 51,114,972 $ 52,395,423 $ Contributions recognized as a percentage of covered-employee payroll 11.09% 11.25% 11.12% 11.12% 10.16% *Schedule presented for years information available ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF EMPLOYER CONTRIBUTIONS - INPRS (PERF) Last 10 Years* 85 ---PAGE BREAK--- SCHEDULE OF CHANGES IN THE COUNTY'S NET OTHER POST EMPLOYMENT BENEFITS Allen County Retiree Healthcare Plan (OPEB) 2018 Total OPEB liability Service Cost 341,940 $ Interest 391,011 Changes in benefit terms - Difference between expected and actual experience (25,540) Change in assumptions (990,452) Benefit payments (493,210) Net change in Total OPEB Liability (776,251) Total OPEB liability - beginning of year 11,269,168 Total OPEB liability - end of year 10,492,917 $ Covered-employee payroll 69,936,508 Total OPEB liability as a percentage of covered-employee payroll 15.00% Notes to Schedule: *Information presented for the years information is available ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION LIABILITY AND RELATED RATIOS LAST 10 YEARS * 86 ---PAGE BREAK--- Variance Variance Actual With Final Actual With Final Amounts Budget Amounts Budget (Budgetary Positive (Budgetary Positive Original Final Basis) (Negative) Original Final Basis) (Negative) Revenues: Taxes: Property 77,360,916 $ 77,360,916 $ 78,414,636 $ 1,053,720 $ - $ - $ - $ - $ Licenses and permits 2,130,000 2,130,000 2,687,663 557,663 - - - - Intergovernmental 11,868,414 11,868,414 13,494,916 1,626,502 - - - - Charges for services 3,506,400 3,506,400 4,051,677 545,277 - - - - Fines and forfeits 1,325,000 1,325,000 951,310 (373,690) - - - - Other 1,730,800 1,730,800 3,088,042 1,357,242 85,000 85,000 262,791 177,791 Total revenues 97,921,530 97,921,530 102,688,244 4,766,714 85,000 85,000 262,791 177,791 Expenditures: Current: General government 43,220,442 47,161,616 44,184,140 2,977,476 - - - - Public safety 46,487,683 47,362,807 46,532,813 829,994 - - - - Highway and streets - - - - - - - - Health and welfare 6,350,962 6,349,258 6,225,948 123,310 - - - - Culture and recreation 574,741 574,741 563,263 11,478 - - - - Economic development - 53,144 53,143 1 - - - - Total expenditures 96,633,828 101,501,566 97,559,307 3,942,259 - - - - Other financing sources (uses): Transfers In 393,600 393,600 88,191 (305,409) - - 1,700,000 1,700,000 Transfers Out (145,000) (1,845,000) (1,845,000) - - - - - Temporary loan proceeds - - - - 340,000 340,000 340,000 - Repayment of temporary loan - - - - - - - - Total other financing sources (uses) 248,600 (1,451,400) (1,756,809) (305,409) 340,000 340,000 2,040,000 1,700,000 Net change in fund balances 1,536,302 (5,031,436) 3,372,128 8,403,564 425,000 425,000 2,302,791 1,877,791 Fund balances - beginning 26,154,643 26,154,643 26,154,643 - 13,276,313 13,276,313 13,276,313 - Fund balances - December 31 27,690,945 $ 21,123,207 $ 29,526,771 $ 8,403,564 $ 13,701,313 $ 13,701,313 $ 15,579,104 $ 1,877,791 $ ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION BUDGETARY COMPARISON SCHEDULES - GENERAL FUND AND MAJOR SPECIAL REVENUE FUNDS For The Year Ended December 31, 2018 General Fund Budgeted Amounts Rainy Day Fund Budgeted Amounts 87 ---PAGE BREAK--- The major differences between Budgetary (Non-GAAP) basis and GAAP basis are: a. Revenues are recorded when received in cash (budgetary) as opposed to susceptible to accrual (GAAP). b. Expenditures are recorded when paid in cash (budgetary) as opposed to when the liability is incurred (GAAP). Rainy General Day Net change in fund balances (budgetary basis) 3,372,128 $ 2,302,791 $ Adjustments: To adjust revenues for accruals 3,684,602 (325,088) To adjust expenditures for accruals (3,386,671) - Net change in fund balances (GAAP basis) 3,670,059 $ 1,977,703 $ Adjustments necessary to convert the results of operations at the end of the year on a budgetary basis to a GAAP basis are as follows: ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION BUDGET/GAAP RECONCILIATION GENERAL FUND AND MAJOR SPECIAL REVENUE FUNDS For The Year Ended December 31, 2018 88 ---PAGE BREAK--- Notes to Required Supplementary Information Note 1. Budgets and Budgetary Accounting A. The County follows these procedures in establishing the budgetary data reflected in the budgetary comparison schedules: 1. The County Commissioners, Courts and Elected Officials submit to the County Council their proposed operating budgets for the fiscal year commencing the following January 1. The operating budget includes proposed expenditures and the means of financing them. 2. The County is required to advertise the budget and proposed tax levy on the Indiana Department of Local Government Finance (DLGF) website and the County Council holds a public hearing to obtain taxpayer comments prior to adoption, both according to Indiana Code (IC). 3. The County Council is required to adopt the budget by November 1st and has historically done such in October through passage of an ordinance. 4. The Adopted budget ordinance and supporting schedules are submitted to the DLGF. The budget becomes legally enacted after receiving the DLGF certified budget order, which is required by December 31st. The budget order serves as the maximum allowable expenditures unless the County Council approves additional appropriations throughout the year. The County’s maximum levy is restricted by IC, with certain adjustments and exceptions. In the instance the County proposes a budget that exceeds the available means of financing; an excess levy appeal can be made to the DLGF. If approved, the County will be allowed to increase their maximum levy accordingly. 5. The legal level of budgetary control (the level at which expenditures may not exceed appropriations without the County Council’s approval) is by object classification for all funds except for the General fund, which is by object classification within each department. The County management cannot transfer budgeted appropriations between object classifications of a budget without approval of the County Council. Any revisions that alter the total appropriations for any fund or any department of the General fund must be approved by the County Council and, if applicable, the DLGF. 6. Formal budgetary integration is required by IC and is employed as a management control device. An annual budget was legally adopted for the following funds: Major Funds: General Fund Special Revenue Funds: Rainy Day Fund Capital Projects Funds: Local Income Tax-Economic Development Approximately 90 other Funds are included within Other Governmental Funds for which an annual budget was adopted. 7. The County’s budget process is based upon GAAP. Appropriations lapse with the expiration of the budgetary period unless encumbered by a purchased order or contract. Encumbered appropriations are carried over and added to the subsequent year’s budget. 89 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 Local Income Tax - County Local Road Service of County Assets Public Safety Highway and Street Process Health Cash and cash equivalents 910,306 $ 4,224,043 $ 1,887,625 $ - $ 1,963,550 $ Investments - 1,520,958 638,849 - 600,733 Receivables (net of allowances for uncollectibles): Interest - 16,444 - - 4,574 Taxes 1,072,043 106,818 - - 136,375 Accounts - 6,890 - - 13,943 Special assessments - - - - - Intergovernmental - 7,645 - - - Interfund receivables: Interfund loans - - 161,106 - - Assets held for resale - - - - - Total assets 1,982,349 $ 5,882,798 $ 2,687,580 $ - $ 2,719,175 $ Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable - $ 206,147 $ 170,835 $ - $ 21,388 $ Accrued payroll and withholdings payable - 291,340 - - 203,503 Interfund payables: Interfund loans - 133,850 - - - Total liabilities - 631,337 170,835 - 224,891 Deferred inflows of resources: Unavailable revenue - property taxes - - - - 95,837 Unavailable revenue - license excise taxes - - - - 40,538 Unavailable revenue - income taxes 1,072,043 - - - - Total deferred inflows of resources 1,072,043 - - - 136,375 Fund balances: Nonspendable fund balance - $ - $ - $ - $ - $ Restricted fund balance 910,306 5,251,461 2,516,745 - 2,357,909 Committed fund balance - - - - - Assigned fund balance - - - - - Unassigned fund balance - - - - - Total fund balances 910,306 5,251,461 2,516,745 - 2,357,909 Total liabilities, deferred inflows of resources, and fund balances 1,982,349 $ 5,882,798 $ 2,687,580 $ - $ 2,719,175 $ 90 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Juvenile Supplemental Supplemental Detention Juvenile Adult Probation Accident Alternative Grant Probation Services Services Report 46,224 $ 75,671 $ 123,775 $ 9,707 $ - 26,517 - - - 202 - - - - - - - 15,870 17,291 2,416 - - - - - - - - - - - - - - - - 46,224 $ 118,260 $ 141,066 $ 12,123 $ - $ 13,615 $ 1,103 $ - $ - - 25,521 - - - - - - 13,615 26,624 - - - - - - - - - - - - - - - - - - $ - $ - $ - $ 46,224 104,645 114,442 12,123 - - - - - - - - - - - - 46,224 104,645 114,442 12,123 46,224 $ 118,260 $ 141,066 $ 12,123 $ 91 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances County Recorders Surveyor's Corner Firearms County Records Drainage Perpetuation Training Extradition Perpetuation Maintenance 806,172 $ 34,469 $ 14,720 $ 585,745 $ 4,510,133 $ - - - 208,027 1,516,858 - - - 1,584 - - - - - - 26,445 - - 80,010 - - - - - 24,167 - - - - - - - - - - - - - - - 832,617 $ 34,469 $ 14,720 $ 875,366 $ 6,051,158 $ - $ - $ 3,554 $ 28,468 $ 40,629 $ 3,838 - - 26,739 - - - - - - 3,838 - 3,554 55,207 40,629 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 828,779 34,469 11,166 820,159 6,010,529 - - - - - - - - - - - - - - - 828,779 34,469 11,166 820,159 6,010,529 832,617 $ 34,469 $ 14,720 $ 875,366 $ 6,051,158 $ 92 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances County Law Jail Local Health County Enforcement County Commissary Maintenance User Fee Continuing Education Corrections 515,712 $ 9,364 $ 66,900 $ 8,747 $ 34,239 $ - 6,522 - - - - - - - - - - - - - - - 2,960 - - - - - - - - - - - - - - - - - - - - - - 515,712 $ 15,886 $ 69,860 $ 8,747 $ 34,239 $ - $ - $ - $ - $ - $ - 11,307 - - - - - - - - - 11,307 - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 515,712 - 69,860 8,747 34,239 - 4,579 - - - - - - - - - - - - - 515,712 4,579 69,860 8,747 34,239 515,712 $ 15,886 $ 69,860 $ 8,747 $ 34,239 $ 93 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Community Alcohol Abuse Community Corrections - Redevelopment Hazardous Deterrent Corrections Home Detention Commission Waste Program 584,356 $ 1,055,042 $ 35,188 $ 2,207,739 $ 12,271 $ - - 13,477 763,080 - - - - 5,810 - - - - - - - 3,646 - - 4,556 - - - - - - - - - - - - - - - - - - - - 584,356 $ 1,058,688 $ 48,665 $ 2,976,629 $ 16,827 $ 63,997 $ - $ 2,800 $ - $ 10,697 $ 157,614 93,293 - - - - - - - - 221,611 93,293 2,800 - 10,697 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 362,745 965,395 45,865 2,976,629 6,130 - - - - - - - - - - - - - - - 362,745 965,395 45,865 2,976,629 6,130 584,356 $ 1,058,688 $ 48,665 $ 2,976,629 $ 16,827 $ 94 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Park and Emergency Vehicle Recreation Economic Planning and Title Narcotics Nonreverting Development Right to Know Inspection 56,880 $ 484,317 $ 234,793 $ 246,294 $ 9,171 $ - 168,845 81,137 - - - 1,286 618 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 56,880 $ 654,448 $ 316,548 $ 246,294 $ 9,171 $ - $ 5,859 $ - $ - $ - $ - - - - - - - - - - - 5,859 - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 56,880 648,589 - 246,294 9,171 - - 316,548 - - - - - - - - - - - - 56,880 648,589 316,548 246,294 9,171 56,880 $ 654,448 $ 316,548 $ 246,294 $ 9,171 $ 95 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances County Supplemental ICJI Record Drug Free Public Defender Community Check Plat Book Community Services Supervision 112,009 $ 459,774 $ 191,355 $ 197,463 $ - $ - - - - - - - - - - - - - - - 2,952 12,243 4,201 - - - - - - - - - 4,808 - - - - - - - - - - - 114,961 $ 459,774 $ 203,598 $ 206,472 $ - $ - $ - $ - $ 1,618 $ - $ 1,421 8,500 - - - - - - - - 1,421 8,500 - 1,618 - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 113,540 451,274 203,598 204,854 - - - - - - - - - - - - - - - - 113,540 451,274 203,598 204,854 - 114,961 $ 459,774 $ 203,598 $ 206,472 $ - $ 96 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Court Allen Public Drug Appointed County Law Information Task Force Special Advocate Statewide 911 Enforcement 446,549 $ 17,524 $ 270,325 $ 528,731 $ 55,961 $ - - - 174,494 - - - - 1,328 - - - - - - 72,118 - - - - - - - - - 1,141 - - 200,285 - - - - - - - - - - - 519,808 $ 17,524 $ 270,325 $ 904,838 $ 55,961 $ 6,645 $ - $ - $ 200,285 $ 1,088 $ 10,092 - 8,338 - - - - - - - 16,737 - 8,338 200,285 1,088 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - 17,524 - 704,553 54,873 503,071 - 261,987 - - - - - - - - - - - - 503,071 17,524 261,987 704,553 54,873 519,808 $ 17,524 $ 270,325 $ 904,838 $ 55,961 $ 97 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Park and Indiana Law Department Prosecutor Tax Recreation Enforcement of Planning PCA Sale Fee Gift Assist Grant Services 23,610 $ 300,327 $ 141,785 $ 3,192 $ 413,873 $ 8,117 - 49,573 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 31,727 $ 300,327 $ 191,358 $ 3,192 $ 413,873 $ - $ 2,204 $ - $ - $ - $ - 4,417 - - - - - - - - - 6,621 - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 31,727 293,706 191,358 3,192 - - - - - 413,873 - - - - - - - - - - 31,727 293,706 191,358 3,192 413,873 31,727 $ 300,327 $ 191,358 $ 3,192 $ 413,873 $ 98 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Circuit Medical Care Chemical Infraction Court for Inmates Testing Jury Fee Deferral Fee ADR Plan 34,909 $ 69,161 $ 1,007 $ 332,995 $ 40,549 $ - - - - - - - - - - - - - - - - 2,210 38,983 745 - - - - - - - - 43,266 - - - - - - - - - - - 34,909 $ 69,161 $ 3,217 $ 415,244 $ 41,294 $ - $ - $ - $ 18,843 $ - $ - - - 45,867 - - - - - - - - - 64,710 - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 34,909 - 3,217 350,534 41,294 - 69,161 - - - - - - - - - - - - - 34,909 69,161 3,217 350,534 41,294 34,909 $ 69,161 $ 3,217 $ 415,244 $ 41,294 $ 99 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Superior Campaign Pre-Trial Court Allen County Algor Mortis Finance Diversion ADR Plan Morgue Study Enforcement 82,676 $ 14,957 $ 463 $ 186 $ 10,860 $ - - - - - - - - - - - - - - - 13,393 2,145 - - - - - - - - 5,393 - - - - - - - - - - - - - - 101,462 $ 17,102 $ 463 $ 186 $ 10,860 $ - $ - $ - $ - $ - $ 25,262 - - - - - - - - - 25,262 - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 76,200 17,102 463 186 10,860 - - - - - - - - - - - - - - - 76,200 17,102 463 186 10,860 101,462 $ 17,102 $ 463 $ 186 $ 10,860 $ 100 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Community Surveyor's Federal Transitions Stormwater Internet Petition Asset Seizure Program Study Access 6,976 $ 483,464 $ 40,982 $ 47,728 $ 157,332 $ - 170,028 - 16,494 - - 1,295 - - - - - - - - - - - - - - - - - - - - 32,100 - - - - - - - - - - - - 6,976 $ 654,787 $ 73,082 $ 64,222 $ 157,332 $ - $ - $ - $ - $ - $ - - 19,481 - - - - - - - - - 19,481 - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 6,976 654,787 53,601 64,222 - - - - - 157,332 - - - - - - - - - - 6,976 654,787 53,601 64,222 157,332 6,976 $ 654,787 $ 73,082 $ 64,222 $ 157,332 $ 101 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Juvenile Mobile Clerk Alcohol Prisoner Public Defender Command Record and Drug Reimbursement User Fees Unit Perpetuation User Fees 7,883 $ 21,351 $ 9,260 $ 946,190 $ 291,742 $ 2,724 7,638 3,199 - - - 58 - - - - - - - - - 1,615 - 19,143 31,713 - - - - - - 2,505 - - - - - - - - - - - - - 10,607 $ 33,167 $ 12,459 $ 965,333 $ 323,455 $ - $ - $ - $ - $ 11,901 $ - 1,252 - - 40,346 - - - - - - 1,252 - - 52,247 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - 31,915 12,459 965,333 271,208 10,607 - - - - - - - - - - - - - - 10,607 31,915 12,459 965,333 271,208 10,607 $ 33,167 $ 12,459 $ 965,333 $ 323,455 $ 102 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Allen County Prosecutor's Sales Levy Children's Federal Sheriff Disclosure Excess Home Gift Asset Seizure Donation 140,323 $ 111 $ 45,377 $ 7,333 $ 32,438 $ 47,940 - - 2,238 10,992 365 - - - - - - - - - 280 - - - - - - - - - - - - - - - - - - - - - - - - 188,908 $ 111 $ 45,377 $ 9,571 $ 43,430 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 188,908 111 45,377 9,571 43,430 - - - - - - - - - - - - - - - 188,908 111 45,377 9,571 43,430 188,908 $ 111 $ 45,377 $ 9,571 $ 43,430 $ 103 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Tangible Youth Juvenile Center Check Adult Incentive Services Per Per Diem Deception Protective Program Diem Fees Fees Program Services 7,500 $ 217,704 $ 146,635 $ 1,145 $ - $ - 64,912 50,705 - - - 494 386 - - - - - - - - - 2,854 - - - - - - - - 26,975 36,253 - 88,298 - - - - - - - - - - 7,500 $ 310,085 $ 236,833 $ 1,145 $ 88,298 $ - $ 9,989 $ 3,710 $ - $ - $ - 30,716 - - 22,656 - - - - 97,726 - 40,705 3,710 - 120,382 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 7,500 - - 1,145 - - 269,380 233,123 - - - - - - - - - - - (32,084) 7,500 269,380 233,123 1,145 (32,084) 7,500 $ 310,085 $ 236,833 $ 1,145 $ 88,298 $ 104 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Court Improvement Sheriff Tobacco St. Joseph Unsafe Project Civil Action Master Plan Foundation Building Allen-CIP-FY-03/04 Suit Program Lead Program 239,688 $ 6,181 $ 113,440 $ 14,646 $ 7,759 $ - - - - - - - - - - - - - - - - - - - - - - - - - - 1,209 - - - - - - - - - - - - 239,688 $ 7,390 $ 113,440 $ 14,646 $ 7,759 $ 28,697 $ - $ - $ - $ - $ - - - 6,405 - - - - - - 28,697 - - 6,405 - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 210,991 7,390 113,440 8,241 7,759 - - - - - - - - - - - - - - - 210,991 7,390 113,440 8,241 7,759 239,688 $ 7,390 $ 113,440 $ 14,646 $ 7,759 $ 105 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Substance Abuse Great Prevention and Great KIDS Lakes HIV/AIDS Treatment Supplemental Make Great Restoration Program Program Education COMMUNITIES - $ - $ - $ 976 $ 181,288 $ - - - - - - - - - - - - - - - - - - - - - - - - - 6,227 2,070 11,949 - - - - - - - - - - - - 6,227 $ 2,070 $ 11,949 $ 976 $ 181,288 $ 2,970 $ - $ - $ - $ 4,143 $ - - 3,487 - - - 5,040 8,459 - - 2,970 5,040 11,946 - 4,143 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 3,257 - 3 976 177,145 - - - - - - - - - - - (2,970) - - - 3,257 (2,970) 3 976 177,145 6,227 $ 2,070 $ 11,949 $ 976 $ 181,288 $ 106 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Allen County Allen County Courts Foreign Onsite Electronic Map Language Wastewater Traffic Jury Fee Generation Interpreter Management Enforcement Circuit Court 26,690 $ 379 $ 2,757 $ - $ 2,196 $ 9,214 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 35,904 $ 379 $ 2,757 $ - $ 2,196 $ - $ 3,382 $ - $ - $ - $ - - - - - - - - - - - 3,382 - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 35,904 - 2,757 - 2,196 - - - - - - - - - - - (3,003) - - - 35,904 (3,003) 2,757 - 2,196 35,904 $ 379 $ 2,757 $ - $ 2,196 $ 107 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Sheriff NE Sheriff Identification Truancy Department Indiana Foundation Security Reduction Training Trails Grants Protection 19,101 $ 882 $ 4,693 $ 80 $ 64,713 $ - - 1,621 - - - - - - - - - - - - - - - - 5,308 - - - - - - - - - - - - - - - - - - - - 19,101 $ 882 $ 6,314 $ 80 $ 70,021 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 19,101 - - - 70,021 - 882 6,314 80 - - - - - - - - - - - 19,101 882 6,314 80 70,021 19,101 $ 882 $ 6,314 $ 80 $ 70,021 $ 108 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Legal ISDH Allen County Enhanced On-site Education Immunization Courts Family Access Septic System Opportunity Grant Court Grant 31 $ 117,926 $ 600 $ - $ 34,005 $ - 41,505 - - - - - - - - - - - - - - - - - - - - - - - - - - 14,767 - - - - - - - - - - - 31 $ 159,431 $ 600 $ 14,767 $ 34,005 $ - $ - $ - $ - $ 1,050 $ - 7,317 - 2,690 - - - - 12,077 - - 7,317 - 14,767 1,050 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 31 152,114 600 - 32,955 - - - - - - - - - - - - - - - 31 152,114 600 - 32,955 31 $ 159,431 $ 600 $ 14,767 $ 34,005 $ 109 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Allen County State Stellar Volunteer Smoking Sex/Violent Criminal Alien Regional Advocates Ordinance Offender Assistance Rural For Seniors Coordination Admin Program 20,000 $ 741 $ 89 $ 30,771 $ - $ - - 10,132 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 20,000 $ 741 $ 89 $ 40,903 $ - $ 20,000 $ - $ - $ - $ - $ - - - 1,255 - - - - - - 20,000 - - 1,255 - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - 741 89 39,648 - - - - - - - - - - - - - - - - - 741 89 39,648 - 20,000 $ 741 $ 89 $ 40,903 $ - $ 110 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Allen County Problem Auditor's Sheriff IJC 2016 LIT Solving Ineligible Training Veterans Special Court Deductions Center Court Dist 25% 19,703 $ 188,086 $ 1,935 $ 2,672 $ 1,046,820 $ 7,019 56,470 - - 361,747 - - - - 2,754 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 26,722 $ 244,556 $ 1,935 $ 2,672 $ 1,411,321 $ - $ - $ - $ - $ - $ - 4,678 - - - - - - - - - 4,678 - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 26,722 239,878 1,935 2,672 1,411,321 - - - - - - - - - - - - - - - 26,722 239,878 1,935 2,672 1,411,321 26,722 $ 244,556 $ 1,935 $ 2,672 $ 1,411,321 $ 111 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Health Refugee Courtools Dept. Interpreter/ Court Reform GIS Influenza Fines Translator Grant Infrastructure Vaccination Collections 25,842 $ 5,653 $ 155,048 $ 479 $ 35,208 $ - - 53,580 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 25,842 $ 5,653 $ 208,628 $ 479 $ 35,208 $ 1,653 $ 2,210 $ - $ - $ - $ - - - - - - - - - - 1,653 2,210 - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 24,189 3,443 - 479 - - - 208,628 - 35,208 - - - - - - - - - - 24,189 3,443 208,628 479 35,208 25,842 $ 5,653 $ 208,628 $ 479 $ 35,208 $ 112 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances ACCC Commerical Adult ISDH Solid JDAI Court Law Probation Syringe Waste Performance Clerk Grant Service Prog User Fees Bonus Grant 52,223 $ 103,253 $ - $ 1,072,971 $ 31,265 $ 18,882 - - 391,463 - - - - 2,981 - - - - - - - - - - - - - - - - - - 24,869 - - - - - - - - - - - - 71,105 $ 103,253 $ 24,869 $ 1,467,415 $ 31,265 $ 2,354 $ - $ - $ 14,053 $ - $ - 20,249 1,583 21,593 - - - 23,286 - - 2,354 20,249 24,869 35,646 - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 68,751 83,004 - 1,431,769 31,265 - - - - - - - - - - - - - - - 68,751 83,004 - 1,431,769 31,265 71,105 $ 103,253 $ 24,869 $ 1,467,415 $ 31,265 $ 113 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances DUI Allen County Court Allen County Task Force Multi Hazard Call Fee Revolving Enforcement Plan Project Fund Loan Fund - $ - $ 115 $ 694,862 $ - - - 252,954 - - - 1,926 - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ 115 $ 949,742 $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - - 115 949,742 - - - - - - - - - - - - - - 115 949,742 - $ - $ 115 $ 949,742 $ 114 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Radon & ARRA Healthy Elected County Offender Clerk IV-D Homes Fund Official Training Transportation Incentive - $ 213,307 $ 22,455 $ - $ - 73,521 - - - 560 - - - - - - - 5,308 - - - - - - - - - - - - - - - - - - - $ 292,696 $ 22,455 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - 292,696 22,455 - - - - - - - - - - - - - - 292,696 22,455 - - $ 292,696 $ 22,455 $ - $ 115 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances County Prosc IV-D Prosc IV-D Clerk IV-D IV-D Incentive Incentive Incentive Reassessment Incentive Prior to 10/99 Post 10/99 Post 10/99 2015 98,253 $ 70,660 $ 188,327 $ 302,969 $ 775,506 $ 36,532 24,419 72,596 105,353 249,998 - - 553 802 1,903 - - - - 29,063 - - - - - - - - - - - - - - - - - - - - - - - - - 134,785 $ 95,079 $ 261,476 $ 409,124 $ 1,056,470 $ - $ - $ 3,223 $ 2,250 $ - $ 8,011 - 27,545 2,697 10,641 - - - - - 8,011 - 30,768 4,947 10,641 - - - - 20,424 - - - - 8,639 - - - - - - - - - 29,063 - $ - $ - $ - $ - $ 126,774 95,079 230,708 404,177 1,016,766 - - - - - - - - - - - - - - - 126,774 95,079 230,708 404,177 1,016,766 134,785 $ 95,079 $ 261,476 $ 409,124 $ 1,056,470 $ 116 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Clinic County General Drain Great Batch Special COIT - Donation Bond Improvement TIF Flood Control 10,630 $ 867,957 $ 1,154,129 $ 80,307 $ 172,043 $ - 410,820 393,969 5,644 59,455 - 3,128 14,549 - - - 160,222 - - - - - - - - - - 30,949 - - - - 18,698 - - - - - - - - - - - - 10,630 $ 1,442,127 $ 1,612,294 $ 85,951 $ 231,498 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - 112,595 - - - - 47,627 - - - - - - - - - 160,222 - - - - $ - $ - $ - $ - $ 10,630 1,281,905 1,612,294 85,951 - - - - - - - - - - 231,498 - - - - - 10,630 1,281,905 1,612,294 85,951 231,498 10,630 $ 1,442,127 $ 1,612,294 $ 85,951 $ 231,498 $ 117 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Cumulative Pleasant Capital CASAD Nestle TIF Center Road Development East TIF Major Bridge II Bond Construction 7,855,987 $ 292,054 $ 2,401,596 $ 262,879 $ 46,045 $ 2,622,651 58,434 745,421 53,195 15,911 19,969 - - - - 145,317 - 96,133 - - 101,250 - - - - - - - - - - - - - - - - - - - - - - - - 10,745,174 $ 350,488 $ 3,243,150 $ 316,074 $ 61,956 $ 240,788 $ - $ 47,448 $ - $ - $ - - - - - - - - - - 240,788 - 47,448 - - 102,121 - 67,557 - - 43,196 - 28,576 - - - - - - - 145,317 - 96,133 - - - $ - $ - $ - $ - $ 10,359,069 350,488 3,099,569 316,074 61,956 - - - - - - - - - - - - - - - 10,359,069 350,488 3,099,569 316,074 61,956 10,745,174 $ 350,488 $ 3,243,150 $ 316,074 $ 61,956 $ 118 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Community Parking Tax Development Mossman Garage Abatement Argo Drain Corporation Drain Bond of 2001 Development 114,972 $ 353,011 $ 14,803 $ - $ 624,107 $ 39,730 126,141 5,116 - 215,673 - 960 - - 1,642 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 154,702 $ 480,112 $ 19,919 $ - $ 841,422 $ - $ 93,884 $ - $ - $ - $ - 2,445 - - - - - - - - - 96,329 - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 154,702 - 19,919 - - - - - - 841,422 - 383,783 - - - - - - - - 154,702 383,783 19,919 - 841,422 154,702 $ 480,112 $ 19,919 $ - $ 841,422 $ 119 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Woodburn Lincoln Uniroyal Industrial Industrial Goodrich GM 2015 GM 2015B TIF TIF TIF General Account Bond 35,792 $ 255,002 $ 84,854 $ 734,789 $ 123,894 $ 11,822 72,057 4,471 58,972 42,722 - 549 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 47,614 $ 327,608 $ 89,325 $ 793,761 $ 166,616 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 47,614 327,608 89,325 793,761 166,616 - - - - - - - - - - - - - - - 47,614 327,608 89,325 793,761 166,616 47,614 $ 327,608 $ 89,325 $ 793,761 $ 166,616 $ 120 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Nestle II Bond GM 2015A GM 2015A Nestle II Principal and Bond Reserve Account Reserve Account Interest Account 344,566 $ 118,362 $ 89 $ 31,411 $ 118,819 40,902 - 10,833 905 - - - - - - - - - - - - - - - - - - - - - - - - - - - 464,290 $ 159,264 $ 89 $ 42,244 $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ 464,290 159,264 89 42,244 - - - - - - - - - - - - 464,290 159,264 89 42,244 464,290 $ 159,264 $ 89 $ 42,244 $ 121 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances GM GM 2015B Supplemental Vera Bradley Little River Bandalier Reserve Account TIF TIF Joint Drain TIF 178,864 $ 30,311 $ 103,573 $ 425,545 $ 237,228 $ 61,810 3,534 6,812 146,902 33,564 - - - 1,118 - - - - - - - - - - - - - - 252 - - - - 647 - - - - - - - - - - - 240,674 $ 33,845 $ 110,385 $ 574,464 $ 270,792 $ - $ - $ - $ - $ - $ - - - - - - - 125,341 - - - - 125,341 - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 240,674 33,845 - 574,464 270,792 - - - - - - - - - - - - (14,956) - - 240,674 33,845 (14,956) 574,464 270,792 240,674 $ 33,845 $ 110,385 $ 574,464 $ 270,792 $ 122 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Bluffton Allen County Road East Group Delphi Oak Crossing Redevelopment Sur/Wheel TIF TIF TIF Capital Tax Bridge 63,464 $ 16,671 $ 179,065 $ 6,456,695 $ 1,430,193 $ 25,392 5,523 10,384 2,231,222 491,805 - - - 16,988 3,745 - - - - - - - - - - - - - - - - - - - 42,936 - - - - - - - - 966,088 - 88,856 $ 22,194 $ 189,449 $ 9,670,993 $ 1,968,679 $ - $ - $ - $ - $ 49,751 $ - - - - - 672,541 - 161,106 - - 672,541 - 161,106 - 49,751 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ 966,088 $ - $ - 22,194 28,343 8,704,905 1,918,928 - - - - - - - - - - (583,685) - - - - (583,685) 22,194 28,343 9,670,993 1,918,928 88,856 $ 22,194 $ 189,449 $ 9,670,993 $ 1,968,679 $ 123 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Zubric Zubric Woodburn LOIT Road Road Coverdale US 24 Special TIF II TIF TIF TIF Distribution 79,382 $ 62,822 $ 65,828 $ 35,626 $ 1,598,610 $ 17,686 11,798 - 11,953 603,319 - - - - 4,594 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 97,068 $ 74,620 $ 65,828 $ 47,579 $ 2,206,523 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 97,068 74,620 65,828 47,579 2,206,523 - - - - - - - - - - - - - - - 97,068 74,620 65,828 47,579 2,206,523 97,068 $ 74,620 $ 65,828 $ 47,579 $ 2,206,523 $ 124 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Juvenile Dupont Stonebridge Jail Justice Center Corner Business Park Building Building TIF Project Corporation Corporation Totals 43,126 $ 43,591 $ - $ - $ 60,141,985 $ 11,362 11,181 4,824 1,084 16,723,976 - - - 114,070 - - - - 1,745,971 - - - - 490,488 - - - - 55,368 - - - - 572,041 - - - - 161,106 - - - - 966,088 54,488 $ 54,772 $ 4,824 $ 1,084 $ 80,971,093 $ - $ - $ - $ - $ 1,343,231 $ - - - - 1,152,099 - - - - 1,239,426 - - - - 3,734,756 - - - - 398,534 - - - - 168,576 - - - - 1,072,043 - - - - 1,639,153 - $ - $ - $ - $ 966,088 54,488 54,772 4,824 1,084 71,320,318 - - - - 3,332,195 - - - - 615,281 - - - - (636,698) 54,488 54,772 4,824 1,084 75,597,184 54,488 $ 54,772 $ 4,824 $ 1,084 $ 80,971,093 $ 125 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 Local Juvenile Income Tax - County Local Road Service of County Detention Public Safety Highway and Street Process Health Alternative Grant Revenues: Taxes 3,364,822 $ 2,699,404 $ - $ - $ 2,441,087 $ - $ Special assessments - - - - - - Licenses and permits - - - - - - Intergovernmental - 11,177,132 2,610,848 - 417,322 83,713 Charges for services - 472,266 - - 1,661,871 - Fines and forfeits - - - 376,137 - - Other 99 213,114 4,651 - 61,608 - Total revenues 3,364,921 14,561,916 2,615,499 376,137 4,581,888 83,713 Expenditures: Current: General government - - - - - - Public safety 3,030,706 - - 403,545 - 57,109 Highways and streets - 13,521,693 2,165,451 - - - Sanitation - - - - - - Economic development - - - - - - Health and welfare - - - - 4,963,300 - Culture and recreation - - - - - - Debt service: Principal - - - - - - Interest - - - - - - Capital outlay: Economic development - - - - - - Special assessment - - - - - - Total expenditures 3,030,706 13,521,693 2,165,451 403,545 4,963,300 57,109 Excess (deficiency) of revenues over (under) expenditures 334,215 1,040,223 450,048 (27,408) (381,412) 26,604 Other financing sources (uses): Transfers in - 3,700 346,106 - - - Transfers out - (632,118) - - - - Total other financing sources and uses - (628,418) 346,106 - - - Net change in fund balances 334,215 411,805 796,154 (27,408) (381,412) 26,604 Fund balances - beginning 576,091 4,839,656 1,720,591 27,408 2,739,321 19,620 Fund balances - ending 910,306 $ 5,251,461 $ 2,516,745 $ - $ 2,357,909 $ 46,224 $ 126 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Supplemental Supplemental County Juvenile Adult Probation Accident Surveyor's Corner Firearms County Probation Services Services Report Perpetuation Training Extradition - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 10,062 - - - - - 146,882 483,742 36,627 329,310 43,281 18,013 - - - - - - 2,372 1,449 2,144 4 53 2,533 159,316 485,191 38,771 329,314 43,334 20,546 - - - 225,187 - - 178,701 364,958 45,916 - 27,653 34,221 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 178,701 364,958 45,916 225,187 27,653 34,221 (19,385) 120,233 (7,145) 104,127 15,681 (13,675) - - - - - - - - - - - - - - - - - - (19,385) 120,233 (7,145) 104,127 15,681 (13,675) 124,030 (5,791) 19,268 724,652 18,788 24,841 104,645 $ 114,442 $ 12,123 $ 828,779 $ 34,469 $ 11,166 $ 127 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending County Law Recorders Enforcement Records Drainage Jail Local Health County Continuing County Perpetuation Maintenance Commissary Maintenance User Fee Education Corrections - $ - $ - $ - $ - $ - $ - $ - 737,950 - - - - - - - - - - - - - - - 72,672 - 8,870 218,074 1,007,232 - 2,099,406 97,013 - - - - - - - 43,288 - - 13,462 1,263 - 1,504 - 147 - 1,020,694 739,213 2,099,406 171,189 43,288 9,017 218,074 774,500 923,682 - - 40,983 - - - - 1,758,176 - - 3,519 198,952 - - - - - - - - - - - - - - - - - - - - - - - - 270,932 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 774,500 923,682 1,758,176 270,932 40,983 3,519 198,952 246,194 (184,469) 341,230 (99,743) 2,305 5,498 19,122 - - - - - - - - - (327,375) - - - - - - (327,375) - - - - 246,194 (184,469) 13,855 (99,743) 2,305 5,498 19,122 573,965 6,194,998 501,857 104,322 67,555 3,249 15,117 820,159 $ 6,010,529 $ 515,712 $ 4,579 $ 69,860 $ 8,747 $ 34,239 $ 128 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Community Alcohol Abuse Community Corrections - Redevelopment Hazardous Deterrent Corrections Home Detention Commission Waste Program Narcotics - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 3,819,800 - - - - - - 1,838,375 - - 135,183 26,044 - - - - - - 40 37,180 1,101 56,261 - 29 3,819,840 1,875,555 1,101 56,261 135,183 26,073 - - - - - - 3,884,748 1,817,377 - 20,576 135,183 32,755 - - - - - - - - - - - - - - 36,100 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,884,748 1,817,377 36,100 20,576 135,183 32,755 (64,908) 58,178 (34,999) 35,685 - (6,682) - - 50,000 - - - - - - - - - - - 50,000 - - - (64,908) 58,178 15,001 35,685 - (6,682) 427,653 907,217 30,864 2,940,944 6,130 63,562 362,745 $ 965,395 $ 45,865 $ 2,976,629 $ 6,130 $ 56,880 $ 129 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Park and Emergency Vehicle County Recreation Economic Planning and Title Record Drug Free Nonreverting Development Right to Know Inspection Check Plat Book Community - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - 17,108 - - - - 178,751 - - 3,680 39,849 86,805 - - - - - - - 178,767 12,384 6,761 80 1 58 8 - 191,135 6,761 17,188 3,681 39,907 86,813 178,767 - - - - - 88,476 - - - 18,965 2,341 39,911 - 176,883 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 207,353 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 207,353 - 18,965 2,341 39,911 88,476 176,883 (16,218) 6,761 (1,777) 1,340 (1,663) 1,884 - - - - - - - - - - - - - - - - - - - - - (16,218) 6,761 (1,777) 1,340 (1,663) 1,884 664,807 309,787 248,071 7,831 113,544 452,937 201,714 648,589 $ 316,548 $ 246,294 $ 9,171 $ 113,540 $ 451,274 $ 203,598 $ 130 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Supplemental ICJI Court Allen Public Defender Community Public Drug Appointed County Services Supervision Information Task Force Special Advocate Statewide 911 - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 28,743 - - - 173,166 2,957,897 21,375 - 271,828 - - - 39,229 - - - - - 78 - 369 - 5 13,516 89,425 - 272,197 - 173,171 2,971,413 - - 295,105 - 163,784 - 64,783 4,247 - 10,086 - 3,392,886 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 64,783 4,247 295,105 10,086 163,784 3,392,886 24,642 (4,247) (22,908) (10,086) 9,387 (421,473) - - - - - - - - - - - - - - - - - - 24,642 (4,247) (22,908) (10,086) 9,387 (421,473) 180,212 4,247 525,979 27,610 252,600 1,126,026 204,854 $ - $ 503,071 $ 17,524 $ 261,987 $ 704,553 $ 131 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Park and Indiana Law Department Law Prosecutor Tax Recreation Enforcement of Planning Enforcement PCA Sale Fee Gift Assist Grant Services - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - 127 - - - 39,229 - 113,121 - - 97,779 - - - - - - 3,672 570 - 18,143 - 133 42,901 697 113,121 18,143 - 97,912 - - 144,132 - - 18,197 18,229 - - - 11,921 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 16,639 - - - - - - - - - - - - - - - - - - - - - - - - - - 18,229 - 144,132 16,639 11,921 18,197 24,672 697 (31,011) 1,504 (11,921) 79,715 - - - - - - - - - - - - - - - - - - 24,672 697 (31,011) 1,504 (11,921) 79,715 30,201 31,030 324,717 189,854 15,113 334,158 54,873 $ 31,727 $ 293,706 $ 191,358 $ 3,192 $ 413,873 $ 132 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Circuit Superior Medical Care Chemical Infraction Court Pre-Trial Court for Inmates Testing Jury Fee Deferral Fee ADR Plan Diversion ADR Plan - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - 383,926 - 96,840 - 33,250 18,507 - - - - - - - 34,657 555,544 13,650 234,445 16,545 - - 2,176 57,748 - 14 8,180 33,250 18,507 36,833 997,218 13,650 331,299 24,725 - - 36,695 - 18,590 - 13,355 2,066 22,405 - 1,001,617 - 451,155 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,066 22,405 36,695 1,001,617 18,590 451,155 13,355 31,184 (3,898) 138 (4,399) (4,940) (119,856) 11,370 - - - - - - - - - - - - - - - - - - - - - 31,184 (3,898) 138 (4,399) (4,940) (119,856) 11,370 3,725 73,059 3,079 354,933 46,234 196,056 5,732 34,909 $ 69,161 $ 3,217 $ 350,534 $ 41,294 $ 76,200 $ 17,102 $ 133 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Campaign Community Allen County Algor Mortis Finance Surveyor's Federal Transitions Stormwater Morgue Study Enforcement Petition Asset Seizure Program Study - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - 8,100 323,875 - - - - - - - - - - - - - - - - - 1,347 250 14,125 - 1,159 - - 1,347 250 22,225 323,875 1,159 - - - - - - - - - - - 317,490 303,609 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 317,490 303,609 - - - 1,347 250 (295,265) 20,266 1,159 - - - - - - - - - - - - - - - - - - - - - - - 1,347 250 (295,265) 20,266 1,159 463 186 9,513 6,726 950,052 33,335 63,063 463 $ 186 $ 10,860 $ 6,976 $ 654,787 $ 53,601 $ 64,222 $ 134 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Juvenile Mobile Clerk Alcohol Internet Prisoner Public Defender Command Record and Drug Access Reimbursement User Fees Unit Perpetuation User Fees - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - 9,399 - - 107,800 25,109 - - - - 329,552 - 450 13,788 - 305,587 612,504 - 186 592 225 - - 25,109 636 23,779 225 305,587 1,049,856 16,830 - - - 2,005 - - - 23,631 - - 964,829 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 16,830 - 23,631 - 2,005 964,829 8,279 636 148 225 303,582 85,027 - - - - - - - - - - - - - - - - - - 8,279 636 148 225 303,582 85,027 149,053 9,971 31,767 12,234 661,751 186,181 157,332 $ 10,607 $ 31,915 $ 12,459 $ 965,333 $ 271,208 $ 135 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Allen County Prosecutor's Tangible Youth Sales Levy Children's Federal Sheriff Incentive Services Per Disclosure Excess Home Gift Asset Seizure Donation Program Diem Fees - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - 56,665 - - 1,755 - - 864,355 - - - - - - - 3,264 - 2,033 253 11,380 7,500 3,481 59,929 - 2,033 2,008 11,380 7,500 867,836 13,166 - - - - - - - - - 10,000 8,400 2,024 - - - - - - - - - - - - - - - - - - - - - - - - 3,321 - - - 712,291 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 13,166 - 3,321 10,000 8,400 2,024 712,291 46,763 - (1,288) (7,992) 2,980 5,476 155,545 - - - - - - - - - - - - - - - - - - - - - 46,763 - (1,288) (7,992) 2,980 5,476 155,545 142,145 111 46,665 17,563 40,450 2,024 113,835 188,908 $ 111 $ 45,377 $ 9,571 $ 43,430 $ 7,500 $ 269,380 $ 136 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Court Juvenile Center Check Adult Improvement Sheriff Per Diem Deception Protective Unsafe Project Civil Action Fees Program Services Building Allen-CIP-FY-03/04 Suit - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - 385,789 - 29,728 - 145,300 3,326 - - - - - - - - - - 3,809 34 - 270,148 - 113,440 149,109 3,360 385,789 270,148 29,728 113,440 - - - - 41,192 - 105,637 4,621 417,873 95,893 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 105,637 4,621 417,873 95,893 41,192 - 43,472 (1,261) (32,084) 174,255 (11,464) 113,440 - - - - - - - - - - - - - - - - - - 43,472 (1,261) (32,084) 174,255 (11,464) 113,440 189,651 2,406 - 36,736 18,854 - 233,123 $ 1,145 $ (32,084) $ 210,991 $ 7,390 $ 113,440 $ 137 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Substance Abuse Tobacco St. Joseph Great Prevention and Master Plan Foundation Lakes HIV/AIDS Treatment Supplemental Program Lead Program Restoration Program Program Education - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 123,989 - 13,623 28,800 50,305 - - - - - - - - - - - - - - - - - - - 123,989 - 13,623 28,800 50,305 - - - 10,366 - - - - - - - - 67 - - - - - - - - - - - - - - - - - - 128,090 - - 31,770 50,305 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 128,090 - 10,366 31,770 50,305 67 (4,101) - 3,257 (2,970) - (67) - - - - - - - - - - - - - - - - - - (4,101) - 3,257 (2,970) - (67) 12,342 7,759 - - 3 1,043 8,241 $ 7,759 $ 3,257 $ (2,970) $ 3 $ 976 $ 138 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Allen County Allen County Great KIDS Courts Foreign Onsite Make Great Electronic Map Language Wastewater Traffic Jury Fee COMMUNITIES Generation Interpreter Management Enforcement Circuit Court - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 175,000 - 65,915 - 12,163 - 47,979 300 - - - - - - - - - 284 19,035 659 556 93 - - 242,014 959 66,471 93 12,163 284 - 2,580 67,814 - - - - - - - 12,163 - - - - - - - - - - - - - - - - - - - 295,268 - - 12,489 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 295,268 2,580 67,814 12,489 12,163 - (53,254) (1,621) (1,343) (12,396) - 284 - - - 10,000 - - - - - - - - - - - 10,000 - - (53,254) (1,621) (1,343) (2,396) - 284 230,399 37,525 (1,660) 5,153 - 1,912 177,145 $ 35,904 $ (3,003) $ 2,757 $ - $ 2,196 $ 139 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Sheriff NE Sheriff Identification Truancy Department Indiana Foundation Security Enhanced On-site Reduction Training Trails Grants Protection Access Septic System - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - 6,546 - - - - - - - - 66,174 - 131,000 - 700 - - - - - 17,500 54 139 80 - - 2,909 17,500 754 6,685 80 66,174 - 133,909 - - 8,327 - 50,000 - - - 760 - - - - - - - - - - - - - - - - - - 125,360 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 760 8,327 - 50,000 - 125,360 17,500 (1,642) 80 16,174 - 8,549 - - - - - - - - - - - - - (10,000) - - - - - - (10,000) 17,500 (1,642) 80 16,174 - (1,451) 1,601 888 7,956 - 53,847 31 153,565 19,101 $ 882 $ 6,314 $ 80 $ 70,021 $ 31 $ 152,114 $ 140 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Allen County Legal ISDH Allen County Stellar Volunteer Smoking Education Immunization Courts Family Regional Advocates For Ordinance Opportunity Grant Court Grant Rural Seniors Coordination - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 8,000 94,092 16,000 20,000 60,000 - - - - - - - - - - - - - 35 - 100 - 438 - 8,035 94,092 16,100 20,000 60,438 - 7,999 - 14,005 - 78,560 - - - - - - - - - - - - - - - - - - - - - - 20,000 - - - 94,092 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 7,999 94,092 14,005 20,000 78,560 - 36 - 2,095 - (18,122) - - - - - - - - - - - - - - - - - - - 36 - 2,095 - (18,122) - 564 - 30,860 - 18,863 89 600 $ - $ 32,955 $ - $ 741 $ 89 $ 141 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending State Allen County Sex/Violent Criminal Alien Problem Auditor's Sheriff IJC 2016 LIT Offender Assistance Solving Ineligible Training Veterans Special Admin Program Court Deductions Center Court Dist 25% - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - 30,000 119,736 1,900 2,500 - 24,449 - - - - - - - - - - - - 844 - 316 4,723 35 7 26,596 25,293 - 30,316 124,459 1,935 2,507 26,596 - - - 167,289 - - - 47,592 12,913 9,945 - 374 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 47,592 12,913 9,945 167,289 374 - - (22,299) (12,913) 20,371 (42,830) 1,561 2,507 26,596 - - - - - - - - - - (46,716) - - - - - - (46,716) - - - (22,299) (12,913) 20,371 (89,546) 1,561 2,507 26,596 61,947 12,913 6,351 329,424 374 165 1,384,725 39,648 $ - $ 26,722 $ 239,878 $ 1,935 $ 2,672 $ 1,411,321 $ 142 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Health ACCC Refugee Courtools Dept. Commerical Adult Interpreter/ Court Reform GIS Influenza Fines Court Law Probation Translator Grant Infrastructure Vaccination Collections Clerk Grant - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - 52,600 - 145,000 - - 57,375 357,137 - - - - - - - - - - - 10,910 - - - - 3,925 - - 926 - 52,600 - 148,925 - 10,910 58,301 357,137 - 12,066 295,000 - - 43,784 - - - - - - - 481,511 - - - - - - - - - - - - - - - - - - - - - 51,131 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 51,131 12,066 295,000 - - 43,784 481,511 1,469 (12,066) (146,075) - 10,910 14,517 (124,374) - - 145,000 - - - - - - - - - - - - - 145,000 - - - - 1,469 (12,066) (1,075) - 10,910 14,517 (124,374) 22,720 15,509 209,703 479 24,298 54,234 207,378 24,189 $ 3,443 $ 208,628 $ 479 $ 35,208 $ 68,751 $ 83,004 $ 143 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending ISDH Solid Waste JDAI DUI Allen County Court Call Allen County Syringe User Performance Task Force Multi Hazard Fee Revolving Loan Service Prog Fees Bonus Grant Enforcement Plan Project Fund Fund - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - 46,184 - 38,543 9,275 16,738 - - - 1,055,414 - - - - - - - - - - 115 - - 1,430,561 - - - - 9,742 46,184 2,485,975 38,543 9,275 16,738 115 9,742 - - - - 16,738 - 260,000 - - 7,278 9,275 - - - - - - - - - - - 1,054,206 - - - - - - - - - - - - 46,184 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 46,184 1,054,206 7,278 9,275 16,738 - 260,000 - 1,431,769 31,265 - - 115 (250,258) - - - - - - 1,200,000 - - - - - - - - - - - - - 1,200,000 - 1,431,769 31,265 - - 115 949,742 - - - - - - - - $ 1,431,769 $ 31,265 $ - $ - $ 115 $ 949,742 $ 144 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Radon and ARRA County Prosc IV-D Healthy Elected County Offender Clerk IV-D IV-D Incentive Homes Official Training Transportation Incentive Incentive Prior to 10/99 - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 3,000 - - - 150,691 - - 65,689 2,482 - - - - - - - - - - 4,968 - - 2,286 1,716 3,000 70,657 2,482 - 152,977 1,716 - 4,980 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,000 - - 5 159,531 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,000 4,980 - 5 159,531 - - 65,677 2,482 (6,554) 1,716 - - - - - - - - - - - - - - - - - - - 65,677 2,482 (6,554) 1,716 - 227,019 19,973 5 133,328 93,363 - $ 292,696 $ 22,455 $ - $ 126,774 $ 95,079 $ 145 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Prosc IV-D Clerk IV-D Incentive Incentive Reassessment Clinic County General Drain Post 10/99 Post 10/99 2015 Donation Bond Improvement - $ - $ 521,502 $ - $ 3,149,476 $ - $ - - - - - 258,346 - - - - - - 226,719 150,691 46,692 - 257,403 18,698 - - - - - - - - - - - - 7,095 7,298 16,308 - 31,389 142,962 233,814 157,989 584,502 - 3,438,268 420,006 - - 467,757 - 1,280 - - - - - - - - - - - - - - - - - - - - - - - - - 430,938 56,481 - 500 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 200,477 430,938 56,481 467,757 500 1,280 200,477 (197,124) 101,508 116,745 (500) 3,436,988 219,529 300,000 - - - - - - (300,000) - - (4,376,425) - 300,000 (300,000) - - (4,376,425) - 102,876 (198,492) 116,745 (500) (939,437) 219,529 127,832 602,669 900,021 11,130 2,221,342 1,392,765 230,708 $ 404,177 $ 1,016,766 $ 10,630 $ 1,281,905 $ 1,612,294 $ 146 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Cumulative Pleasant Great Batch Special COIT - Capital CASAD Nestle TIF Center Road TIF Flood Control Development East TIF Major Bridge II Bond Construction 170,930 $ - $ 2,597,563 $ 308,226 $ 1,720,047 $ 270,356 $ - $ - - - - - - - - - - - - - - - - 233,458 - 154,442 - - - 13,044 901,141 - - - - - - - - - - - 543 4,041 259,454 4,088 44,304 6,363 1,118 171,473 17,085 3,991,616 312,314 1,918,793 276,719 1,118 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 520,000 - - - - - - 364,350 - - 199,093 - 1,763,859 220,009 1,539,576 - - - - - - - - - 199,093 - 1,763,859 220,009 2,423,926 - - (27,620) 17,085 2,227,757 92,305 (505,133) 276,719 1,118 - - - - - - - - - (3,700) (305,000) - (430,000) - - - (3,700) (305,000) - (430,000) - (27,620) 17,085 2,224,057 (212,695) (505,133) (153,281) 1,118 113,571 214,413 8,135,012 563,183 3,604,702 469,355 60,838 85,951 $ 231,498 $ 10,359,069 $ 350,488 $ 3,099,569 $ 316,074 $ 61,956 $ 147 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Community Parking Tax Woodburn Lincoln Development Mossman Garage Abatement Industrial Industrial Argo Drain Corporation Drain Bond of 2001 Development TIF TIF - $ - $ - $ - $ - $ 44,941 $ 141,267 $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,792 381,839 359 - 65,560 456 5,768 2,792 381,839 359 - 65,560 45,397 147,035 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 420,248 - 17 - 20,000 130,000 - - - - - - - - 420,248 - 17 - 20,000 130,000 2,792 (38,409) 359 (17) 65,560 25,397 17,035 - - - - - - - - - - - - - - - - - - - - 2,792 (38,409) 359 (17) 65,560 25,397 17,035 151,910 422,192 19,560 17 775,862 22,217 310,573 154,702 $ 383,783 $ 19,919 $ - $ 841,422 $ 47,614 $ 327,608 $ 148 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Uniroyal Goodrich GM 2015 GM 2015B GM 2015A GM 2015A Nestle II TIF General Account Bond Bond Reserve Account Reserve Account 178,468 $ 1,399,995 $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 373 4,297 3,910 9,057 2,874 - 178,841 1,404,292 3,910 9,057 2,874 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 310,000 845,000 - - - - 19,234 53,810 - - 218,076 - - - - - - - - - - - 218,076 - 329,234 898,810 - - (39,235) 1,404,292 (325,324) (889,753) 2,874 - - - 325,000 1,247,500 - - - (1,172,500) - - - - - (1,172,500) 325,000 1,247,500 - - (39,235) 231,792 (324) 357,747 2,874 - 128,560 561,969 166,940 106,543 156,390 89 89,325 $ 793,761 $ 166,616 $ 464,290 $ 159,264 $ 89 $ 149 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Nestle II Bond GM Principal and GM 2015B Supplemental Vera Bradley Little River Bandalier Interest Account Reserve Account TIF TIF Joint Drain TIF - $ - $ 50,254 $ 208,110 $ - $ 316,270 $ - - - - 563 - - - - - - - - - - - 337 - - - - - - - - - - - - - 965 4,343 423 270 10,789 1,885 965 4,343 50,677 208,380 11,689 318,155 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 79,469 - - - - - - - - - - - - - - - - - 79,469 - - - - - (78,504) 4,343 50,677 208,380 11,689 318,155 80,000 - - - - - - - (50,000) (5,098) - (195,000) 80,000 - (50,000) (5,098) - (195,000) 1,496 4,343 677 203,282 11,689 123,155 40,748 236,331 33,168 (218,238) 562,775 147,637 42,244 $ 240,674 $ 33,845 $ (14,956) $ 574,464 $ 270,792 $ 150 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Bluffton Allen County Zubric Zubric Road East Group Delphi Oak Crossing Redevelopment Sur/Wheel Road Road TIF TIF TIF Capital Tax Bridge TIF II TIF 345,158 $ 21,995 $ 369,808 $ - $ - $ 69,987 $ 36,535 $ - - - - - - - - - - - - - - - - - - 196,751 - - - - - - - - - - - - - - - - 1,350 199 464 164,233 49,610 796 664 346,508 22,194 370,272 164,233 246,361 70,783 37,199 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 535,000 - - - - - - 353,950 - - - - - 23,164 928,089 - - - - - - - - - - - - 23,164 1,817,039 - - 346,508 22,194 370,272 141,069 (1,570,678) 70,783 37,199 - - - - - - - (118,233) - (346,105) - - - - (118,233) - (346,105) - - - - 228,275 22,194 24,167 141,069 (1,570,678) 70,783 37,199 (811,960) - 4,176 9,529,924 3,489,606 26,285 37,421 (583,685) $ 22,194 $ 28,343 $ 9,670,993 $ 1,918,928 $ 97,068 $ 74,620 $ 151 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Woodburn LOIT Dupont Stonebridge Jail Coverdale US 24 Special Corner Business Park Building TIF TIF Distribution TIF Project Corporation 131,656 $ 46,531 $ - $ 25,433 $ 28,166 $ - $ - - - - - - - - - - - - - - 670,000 - - - - - - - - - - - - - - - - 604 61,209 631 608 585 131,656 47,135 731,209 26,064 28,774 585 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,690,000 - - - - - 141,425 134,154 80,918 1,909,126 - - - - - - - - 134,154 80,918 1,909,126 - - 1,831,425 (2,498) (33,783) (1,177,917) 26,064 28,774 (1,830,840) - - - - - 1,831,425 - - - - - - - - - - - 1,831,425 (2,498) (33,783) (1,177,917) 26,064 28,774 585 68,326 81,362 3,384,440 28,424 25,998 4,239 65,828 $ 47,579 $ 2,206,523 $ 54,488 $ 54,772 $ 4,824 $ 152 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2018 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Juvenile Justice Center Building Corporation Totals - $ 20,657,987 $ - 996,859 - - - 26,601,294 - 13,033,153 - 2,436,600 1,084 3,787,339 1,084 67,513,232 - 4,324,424 - 20,047,475 - 15,687,144 - 1,179,566 - 56,100 - 7,309,628 - 223,992 1,301,537 5,201,537 1,243,816 2,256,054 - 7,586,329 - 200,477 2,545,353 64,072,726 (2,544,269) 3,440,506 2,545,000 8,083,731 - (8,318,270) 2,545,000 (234,539) 731 3,205,967 - 353 72,391,217 1,084 $ 75,597,184 $ 153 ---PAGE BREAK--- County Workmans Self-Insurance Vehicle Liability Compensation Internal Assets Health Self-Insurance Insurance Self-Insurance Reimbursement Totals Current assets: Cash and cash equivalents 8,211,141 $ 607,417 $ 97,606 $ 143,625 $ 183,863 $ 9,243,652 $ Investments 1,535,338 210,528 - 51,019 51,707 1,848,592 Interest receivable 11,690 1,603 - 388 394 14,075 Accounts receivable (net of allowance) - - - - 105,093 105,093 Total assets 9,758,169 819,548 97,606 195,032 341,057 11,211,412 Liabilities Current liabilities: Accounts payable 174,360 10,747 19,045 - 74,755 278,907 Incurred but not reported claims 1,474,745 - - - - 1,474,745 Total liabilities 1,649,105 10,747 19,045 - 74,755 1,753,652 Net Position Unrestricted 8,109,064 808,801 78,561 195,032 266,302 9,457,760 Total net position 8,109,064 $ 808,801 $ 78,561 $ 195,032 $ 266,302 $ 9,457,760 $ ALLEN COUNTY COMBINING STATEMENT OF NET POSITION - INTERNAL SERVICE FUNDS December 31, 2018 154 ---PAGE BREAK--- County Workmans Self-Insurance Vehicle Liability Compensation Internal Health Self-Insurance Insurance Self-Insurance Reimbursement Totals Operating revenues: Miscellaneous - $ - $ 7,500 $ 140 $ 3,743 $ 11,383 $ Employee/employer contributions 11,723,549 435,741 400,000 481,500 924,002 13,964,792 Total operating revenues 11,723,549 435,741 407,500 481,640 927,745 13,976,175 Operating expenses: Insurance claims and expenses 11,116,741 417,332 375,776 586,668 940,275 13,436,792 Operating income (loss) 606,808 18,409 31,724 (105,028) (12,530) 539,383 Nonoperating revenues: Interest and investment revenue 68,416 14,771 - 3,533 4,039 90,759 Change in net position 675,224 33,180 31,724 (101,495) (8,491) 630,142 Total net position - beginning 7,433,840 775,621 46,837 296,527 274,793 8,827,618 Total net position - ending 8,109,064 $ 808,801 $ 78,561 $ 195,032 $ 266,302 $ 9,457,760 $ ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION - INTERNAL SERVICE FUNDS For The Year Ended December 31, 2018 155 ---PAGE BREAK--- County Workmans Self-Insurance Vehicle Liability Compensation Internal Health Self-Insurance Insurance Self-Insurance Reimbursement Totals Cash flows from operating activities: Receipts from customers and users 11,723,549 $ 448,551 $ 400,000 $ 481,500 $ 963,529 $ 14,017,129 $ Payments to suppliers (11,045,412) (426,836) (387,575) (602,646) (906,157) (13,368,626) Other receipts - - 7,500 140 3,743 11,383 Net cash provided (used) by operating activities 678,137 21,715 19,925 (121,006) 61,115 659,886 Cash flows from investing activities: Proceeds from sales and maturities of investments 176,332 69,196 - 24,285 22,036 291,849 Purchase of investments (1,535,338) (210,528) - (51,019) (51,707) (1,848,592) Interest received 59,016 14,067 - 3,460 3,931 80,474 Net cash provided (used) by investing activities (1,299,990) (127,265) - (23,274) (25,740) (1,476,269) Net increase (decrease) in cash and cash equivalents (621,853) (105,550) 19,925 (144,280) 35,375 (816,383) Cash and cash equivalents, January 1 8,832,994 712,967 77,681 287,905 148,488 10,060,035 Cash and cash equivalents, December 31 8,211,141 $ 607,417 $ 97,606 $ 143,625 $ 183,863 $ 9,243,652 $ Reconciliation of operating income (loss) to net cash provided (used) by operating activities: Operating income (loss) 606,808 $ 18,409 $ 31,724 $ (105,028) $ (12,530) $ 539,383 $ Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: (Increase) in assets: Accounts receivable - 12,810 - - 39,527 52,337 Increase (decrease) in liabilities: Accounts payable (59,058) (9,504) (11,799) (15,978) 34,118 (62,221) Incurred but not reported claims 130,387 - - - - 130,387 Total adjustments 71,329 3,306 (11,799) (15,978) 73,645 120,503 Net cash provided (used) by operating activities 678,137 $ 21,715 $ 19,925 $ (121,006) $ 61,115 $ 659,886 $ ALLEN COUNTY COMBINING STATEMENT OF CASH FLOWS - INTERNAL SERVICE FUNDS For The Year Ended December 31, 2018 156 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- AGENCY FUNDS December 31, 2018 Tax Sale Tax Sale Assets Redemption Surplus Court Fees Inheritance Tax Cash and cash equivalents 92,435 $ 3,481,216 $ 60,535 $ 368 $ Receivables: Accounts - - 39,119 - Taxes - - - - Intergovernmental - - - - Total receivables - - 39,119 - Investments at fair value: U.S. Government securities - - - - Total assets 92,435 $ 3,481,216 $ 99,654 $ 368 $ Liabilities Payroll withholdings payable - $ - $ - $ - $ Intergovernmental payable - - 99,654 368 Trust payable 92,435 3,481,216 - - Total liabilities 92,435 $ 3,481,216 $ 99,654 $ 368 $ 157 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- AGENCY FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Receivables: Accounts Taxes Intergovernmental Total receivables Investments at fair value: U.S. Government securities Total assets Liabilities Payroll withholdings payable Intergovernmental payable Trust payable Total liabilities Youth Sheriff's Bid Bond Surplus Tax Tax Distribution Payroll Services Trust Inmate Trust 5,050 $ 1,548,770 $ - $ 45,996 $ 73,643 $ 109,680 $ - - - 22,396 - - - - 48,017,722 - - - - - 6,014,807 - - - - - 54,032,529 22,396 - - - - - - 25,449 - 5,050 $ 1,548,770 $ 54,032,529 $ 68,392 $ 99,092 $ 109,680 $ - $ - $ - $ 68,392 $ - $ - $ - - - - - - 5,050 1,548,770 54,032,529 - 99,092 109,680 5,050 $ 1,548,770 $ 54,032,529 $ 68,392 $ 99,092 $ 109,680 $ 158 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- AGENCY FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Receivables: Accounts Taxes Intergovernmental Total receivables Investments at fair value: U.S. Government securities Total assets Liabilities Payroll withholdings payable Intergovernmental payable Trust payable Total liabilities Personal County Work County Adult Property Juvenile Recorder Release Clerk Probation Asst Audit Probation 57,327 $ 30,604 $ 3,594,911 $ 21,317 $ - $ 5,905 $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 57,327 $ 30,604 $ 3,594,911 $ 21,317 $ - $ 5,905 $ - $ - $ - $ - $ - $ - $ - - - - - - 57,327 30,604 3,594,911 21,317 - 5,905 57,327 $ 30,604 $ 3,594,911 $ 21,317 $ - $ 5,905 $ 159 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- AGENCY FUNDS December 31, 2018 (Continued) Assets Cash and cash equivalents Receivables: Accounts Taxes Intergovernmental Total receivables Investments at fair value: U.S. Government securities Total assets Liabilities Payroll withholdings payable Intergovernmental payable Trust payable Total liabilities County Treasurer Totals 10,202,326 $ 19,330,083 $ - 61,515 12,778,332 60,796,054 - 6,014,807 12,778,332 66,872,376 - 25,449 22,980,658 $ 86,227,908 $ - $ 68,392 $ - 100,022 22,980,658 86,059,494 22,980,658 $ 86,227,908 $ 160 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES- AGENCY FUNDS December 31, 2018 Tax Sale Tax Sale Inheritance Tax Redemption Surplus Court Fees Tax Bid Bond Surplus Tax Distribution Assets: Cash and Cash Equivalents, January 1 55 $ 3,333,242 $ 57,928 $ 368 $ 5,050 $ 1,585,559 $ - $ Additions 2,890,415 3,389,676 761,720 - 3,000 1,507,884 363,904,474 Deductions (2,798,035) (3,241,702) (759,113) - (3,000) (1,544,673) (363,904,474) Cash and Cash Equivalents, December 31 92,435 3,481,216 60,535 368 5,050 1,548,770 - Investments, January 1 - - - - - - - Additions - - - - - - - Deductions - - - - - - - Investments, December 31 - - - - - - - Taxes Receivable, January 1 - - - - - - 31,410,300 Additions - - - - - - 170,882,752 Deductions - - - - - - (154,275,330) Taxes Receivable, December 31 - - - - - - 48,017,722 Accounts Receivable, January 1 - - 47,571 - - - - Additions - - 800,839 - - - - Deductions - - (809,291) - - - - Accounts Receivable, December 31 - - 39,119 - - - - Intergovernmental Receivable, January 1 - - - - - - 3,402,986 Additions - - - - - - 6,017,957 Deductions - - - - - - (3,406,136) Intergovernmental Receivable, December 31 - - - - - - 6,014,807 Total Assets, December 31 92,435 $ 3,481,216 $ 99,654 $ 368 $ 5,050 $ 1,548,770 $ 54,032,529 $ Liabilities: Payroll Withholdings, January 1 - $ - $ - $ - $ - $ - $ - $ Additions - - - - - - - Deductions - - - - - - - Payroll Withholdings, December 31 - - - - - - - Intergovernmental Payable, January 1 - - 105,499 368 - - - Additions - - 800,839 - - - - Deductions - - (806,684) - - - - Intergovernmental Payable, December 31 - - 99,654 368 - - - Trust Payable, January 1 55 3,333,242 - - 5,050 1,585,559 34,813,286 Additions 2,890,415 3,389,676 - - 3,000 1,507,884 176,900,709 Deductions (2,798,035) (3,241,702) - - (3,000) (1,544,673) (157,681,466) Trust Payable, December 31 92,435 3,481,216 - - 5,050 1,548,770 54,032,529 Total Liabilities, December 31 92,435 $ 3,481,216 $ 99,654 $ 368 $ 5,050 $ 1,548,770 $ 54,032,529 $ 161 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES- AGENCY FUNDS December 31, 2018 (Continued) Assets: Cash and Cash Equivalents, January 1 Additions Deductions Cash and Cash Equivalents, December 31 Investments, January 1 Additions Deductions Investments, December 31 Taxes Receivable, January 1 Additions Deductions Taxes Receivable, December 31 Accounts Receivable, January 1 Additions Deductions Accounts Receivable, December 31 Intergovernmental Receivable, January 1 Additions Deductions Intergovernmental Receivable, December 31 Total Assets, December 31 Liabilities: Payroll Withholdings, January 1 Additions Deductions Payroll Withholdings, December 31 Intergovernmental Payable, January 1 Additions Deductions Intergovernmental Payable, December 31 Trust Payable, January 1 Additions Deductions Trust Payable, December 31 Total Liabilities, December 31 Youth Services Sheriff's County Work County Adult Payroll Trust Inmate Trust Recorder Release Clerk Probation (3,140) $ 84,051 $ 204,538 $ 54,935 $ 22,193 $ 2,957,899 $ 57,499 $ 47,303,024 1,788 1,598,863 1,786,916 30,604 43,616,615 354,926 (47,253,888) (12,196) (1,693,721) (1,784,524) (22,193) (42,979,603) (391,108) 45,996 73,643 109,680 57,327 30,604 3,594,911 21,317 - 8,553 - - - - - - 25,449 - - - - - - (8,553) - - - - - - 25,449 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 49,846 - - - - - - 22,396 - - - - - - (49,846) - - - - - - 22,396 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 68,392 $ 99,092 $ 109,680 $ 57,327 $ 30,604 $ 3,594,911 $ 21,317 $ 46,706 $ - $ - $ - $ - $ - $ - $ 47,325,420 - - - - - - (47,303,734) - - - - - - 68,392 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 92,604 204,538 54,935 22,193 2,957,899 57,499 - 27,237 1,598,863 1,786,916 30,604 43,616,615 354,926 - (20,749) (1,693,721) (1,784,524) (22,193) (42,979,603) (391,108) - 99,092 109,680 57,327 30,604 3,594,911 21,317 68,392 $ 99,092 $ 109,680 $ 57,327 $ 30,604 $ 3,594,911 $ 21,317 $ 162 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES- AGENCY FUNDS December 31, 2018 (Continued) Assets: Cash and Cash Equivalents, January 1 Additions Deductions Cash and Cash Equivalents, December 31 Investments, January 1 Additions Deductions Investments, December 31 Taxes Receivable, January 1 Additions Deductions Taxes Receivable, December 31 Accounts Receivable, January 1 Additions Deductions Accounts Receivable, December 31 Intergovernmental Receivable, January 1 Additions Deductions Intergovernmental Receivable, December 31 Total Assets, December 31 Liabilities: Payroll Withholdings, January 1 Additions Deductions Payroll Withholdings, December 31 Intergovernmental Payable, January 1 Additions Deductions Intergovernmental Payable, December 31 Trust Payable, January 1 Additions Deductions Trust Payable, December 31 Total Liabilities, December 31 Personal Property Juvenile County Asst Audit Probation Treasurer Totals 198,767 $ 4,427 $ 9,331,874 $ 17,895,245 $ 568,513 193,167 451,311,558 919,223,143 (767,280) (191,689) (450,441,106) (917,788,305) - 5,905 10,202,326 19,330,083 - - - 8,553 - - - 25,449 - - - (8,553) - - - 25,449 - - 11,994,039 43,404,339 - - 401,146,069 572,028,821 - - (400,361,776) (554,637,106) - - 12,778,332 60,796,054 - - - 97,417 - - - 823,235 - - - (859,137) - - - 61,515 - - - 3,402,986 - - - 6,017,957 - - - (3,406,136) - - - 6,014,807 - $ 5,905 $ 22,980,658 $ 86,227,908 $ - $ - $ - $ 46,706 $ - - - 47,325,420 - - - (47,303,734) - - - 68,392 - - - 105,867 - - - 800,839 - - - (806,684) - - - 100,022 198,767 4,427 21,325,913 64,655,967 568,513 193,167 852,457,627 1,085,326,152 (767,280) (191,689) (850,802,882) (1,063,922,625) - 5,905 22,980,658 86,059,494 - $ 5,905 $ 22,980,658 $ 86,227,908 $ 163 ---PAGE BREAK--- OTHER REPORTS In addition to this report, other reports may have been issued for the County. All reports can be found on the Indiana State Board of Accounts’ website: http://www.in.gov/sboa/. 164