Document Allencounty_doc_1de3be18e8

ALLEN COUNTY GOVERNMENT Fort Wayne, Indiana ANNUAL FINANCIAL REPORT For The Year Ended December 31, 2019 FILED 09/28/2020 B55852 ---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 29-78 Required Supplementary Information: Schedules of Changes in the County’s Net Pension Liability and Related . 79-82 Schedules of County 83-84 Schedules of Investment 85-86 Schedule of Proportionate Share of Net Pension Liability and Related Ratios – INPRS (PERF) 87 Schedule of Employer Contributions – INPRS 88 Schedule of Changes in the County’s Net Other Post-Employment Benefits 89 Budgetary Comparison Schedules – General Fund and Major Special Revenue Funds 90 Budget/GAAP Reconciliation 91 Notes to Required Supplementary Information 92 Supplementary Information: Non-Major Governmental Funds: Combining Balance Sheet – Non-Major Governmental Funds 93-128 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Non-Major Governmental Funds 129-155 Non-Major Proprietary Funds: Combining Statement of Net Position – Internal Service Funds 156 Combining Statement of Revenues, Expenses, and Changes in Net Position – Internal Service Funds 157 Combining Statement of Cash Flows – Internal Service Funds 158 1 ---PAGE BREAK--- TABLE OF CONTENTS (Continued) Non-Major Fiduciary Funds: Combining Statement of Fiduciary Net Position – Custodial Funds 159-162 Combining Statement of Changes in Fiduciary Net Position – Custodial Funds 163-166 Other 167 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 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 Andrea Trevino 01-01-15 to 12-31-20 President of the Board of County Commissioners F. Nelson Peters 01-01-19 to 12-31-19 Therese M. Brown 01-01-20 to 12-31-20 President of the County Council Thomas A. Harris 01-01-19 to 12-31-19 Joel M. Benz 01-01-20 to 12-31-20 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, 2019, 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 pres- entation of the 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 amount by which this departure would affect the assets, deferred outflows of resources, liabilities, deferred inflows of resources, net position, revenues, and expenses of the County's aggregate discretely presented component units has not been determined. 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, 2019. Unmodified Opinions In our opinion, 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, 2019, 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 84, Fiduciary Activities. 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 Position Liability and Related Ratios, Schedules of County Contributions, Schedules of Investment Returns, Schedule of Proportionate Share Net Pension Liability and Related Ratios - INPRS (PERF), Schedule of Employer Contributions - INPRS (PERF), Schedules of Changes in the County's Net Other Post-Employment Benefits, Budgetary Comparison Schedule - 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 statements. 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 collec- tively 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 Services 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 - Custodial Funds, and Combining Statement of Changes in Fiduciary Net Position - Custodial 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 - Custodial Funds, and Combining Statement of Changes in Fiduciary Net Position - Custodial 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 state- ments 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 - Custodial Funds, and Combining Statement of Changes in Fiduciary Net Position - Custodial 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 September 16, 2020, 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 September 16, 2020 6 ---PAGE BREAK--- 7 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, 2019. 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 2019 by $516.9 million (total net position), an increase of $18.8 million, 3.8 percent, over the beginning total net position of $498.2 million. Of this amount, $113.8 million (unrestricted net position) may be used to meet the County’s ongoing obligations to citizens, $10.7 million is restricted for debt service and other specific purposes (restricted net position), and $392.4 million is invested in capital assets, net of related debt. ▪ The total net position of the County’s governmental activities increased by $18.9 million or 4.2 percent over the beginning 2019 net position. The $18.9 million increase is primarily the result of $6.7 and $6.5 million increases in net cash and investments and capital assets on the asset side; coupled with decreases of $4.2 and $6.3 million in bonds payable and net pension liability are on the liability side. Deferred outflows decreased $1.2 million while inflows increased $3.8 million, both driven by pension related deferrals. The total net position of the County’s business activities decreased by million or .4 percent. The combined $5.3 million decrease in restricted and capital assets and was for the most part offset by decreases of $2.2 and $2.8 million in ticket office deposits and revenue bonds payable. ▪ At the end of 2019, the County’s governmental funds reported a combined ending fund balance of $149.1 million, an increase of $7.5 million or 5.3 percent over 2018. In accordance with GASB 54 the total Fund Balance is broken down as $1 million Nonspendable, $69.8 million as Restricted, $29 million Committed, $16.8 million Assigned, and $32.5 million as Unassigned. ▪ At the end of 2019, the unassigned fund balance for the General Fund was $38.7 million or 37.6 percent of the 2019 General Fund expenditures. ▪ During 2019, the County’s total debt decreased by $7.4 million or 13.3 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 received or paid. Thus, revenues and expenses are reported in this statement for some items that will ---PAGE BREAK--- 8 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. ---PAGE BREAK--- 9 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 Custodial 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 78 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 79 through 92 of this report. ---PAGE BREAK--- 10 GOVERNMENT-WIDE FINANCIAL ANALYSIS The County’s (primary government) assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $516.9 million at the close of 2019, further improving 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 $392.4 million or 75.9 percent. The capital assets increased $10.6 million or 2.8 percent from 2018 due to capital improvements to County owned buildings and new infrastructure. 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 $10.7 million or 2.1 percent, is funds that are subject to an external restriction and cannot be spent on general daily operations. The unrestricted portion of the total net position increased $8.7 million or 8.3 percent. The main factor in this increase is the net $6.7 million increase in cash and cash equivalents and investments of governmental activities. The Net pension liability decreased $6.3 million but was somewhat offset by an increase in Pension related deferred outflows of $1.8 million and an increase of $3.6 mil in Pension related deferred inflows. The County’s component units showed assets exceeding liabilities by $104.2 million at the end of 2019. Of the total net position, $51.2 million or 49.2% 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 $27.6 million or 26.5% of restricted dollars that are subject to an external restriction and $25.4 million or 24.4% of unrestricted dollars that can be used to provide daily operations for the component units. 2019 2018 2019 2018 2019 2018 2019 2018 Assets 184,742 $ 176,981 $ 14,878 $ 16,849 $ 199,620 $ 193,830 $ 63,114 $ 58,259 $ Capital assets 377,123 370,663 63,133 66,275 440,256 436,938 65,024 67,387 Total assets 561,865 547,644 78,011 83,124 639,876 630,768 128,138 125,646 Deferred Outflows 12,512 13,751 348 408 12,860 14,159 728 854 Current liabilities 10,946 18,947 7,072 9,434 18,018 28,381 7,406 7,166 Noncurrent liablilities 78,242 79,986 24,738 27,385 102,980 107,371 15,949 22,215 Total liabilities 89,188 98,933 31,810 36,819 120,998 135,752 23,355 29,381 Deferred Inflows 14,803 11,010 - - 14,803 11,010 1,346 1,601 Net Position 470,386 $ 451,452 $ 46,549 $ 46,713 $ 516,935 $ 498,165 $ 104,165 $ 95,518 $ Invested(Net) in capital assets 356,107 $ 345,019 $ 36,323 $ 36,772 $ 392,430 $ 381,791 $ 51,236 $ 47,595 $ Restricted 1,795 2,597 8,898 8,696 10,693 11,293 27,554 27,064 Unrestricted 112,484 103,836 1,328 1,245 113,812 105,081 25,375 20,859 Total net position 470,386 $ 451,452 $ 46,549 $ 46,713 $ 516,935 $ 498,165 $ 104,165 $ 95,518 $ Component Units County's Net Position (amounts expressed in thousands) Governmental Business-type Activities Activities Total ---PAGE BREAK--- 11 Governmental activities. Governmental activities account for 91 % of the County’s total net position as of December 31, 2019. 2019 2018 2019 2018 2019 2018 2019 2018 Revenues: Program revenues: Charges for services 26,031 $ 24,005 $ 6,235 $ 5,950 $ 32,266 $ 29,955 $ 432 $ 496 $ Operating grants and contributions 33,447 33,655 - - 33,447 33,655 3,341 4,324 Capital grants and contributions 2,877 2,754 - - 2,877 2,754 - - General Revenue: Property taxes 77,326 76,218 - - 77,326 76,218 27,725 25,734 LIT Econ Development 11,281 12,162 - - 11,281 12,162 - - LIT Cert Shares and Public Safety 18,980 18,470 - - 18,980 18,470 3,893 4,817 Excise/Commercial Veh taxes 6,872 6,607 - - 6,872 6,607 - - Franchise taxes 413 401 - - 413 401 - - Other taxes 8,073 8,157 - - 8,073 8,157 2,602 2,340 Food and beverage taxes - - 2,901 2,530 2,901 2,530 - - Sports and convention taxes - - 2,051 2,959 2,051 2,959 - - Unrestricted investment earnings 4,627 3,012 243 157 4,870 3,169 598 387 Misc and refund and reimburse 2,017 3,353 - - 2,017 3,353 1,206 789 Total Revenues 191,944 188,794 11,430 11,596 203,374 200,390 39,797 38,887 Expenses: General government 51,858 51,410 - - 51,858 51,410 - - Public safety 71,894 70,056 - - 71,894 70,056 - - Highways and streets 28,053 49,215 - - 28,053 49,215 - - Sanitation 1,733 7 - - 1,733 7 - - Economic development 15,186 8,830 - - 15,186 8,830 - - Health and welfare 13,997 13,578 - - 13,997 13,578 - - Culture and recreation 726 813 - - 726 813 - - Coliseum - - 11,613 11,454 11,613 11,454 - - Southwest AC Fire District - - - - - - - - AC - Solid Waste District - - - - - - - - Allen County Public Library - - - - - - 31,149 31,060 Total expenses 183,447 193,909 11,613 11,454 195,060 205,363 31,149 31,060 Change in net position before special items 8,497 (5,115) (183) 142 8,314 (4,973) 8,648 7,827 Change in net pension 960 687 - - 960 687 Change in OPEB liability (109) 921 - - (109) 921 - - Contributed capital 9,586 7,019 18 17 9,604 7,036 - - Gain(Loss) on disposal of assets - - 1 (139) 1 (139) - - Change in net position 18,934 3,512 (164) 20 18,770 3,532 8,648 7,827 Net position- beginning 451,452 447,940 46,713 46,693 498,165 494,633 95,517 87,690 Net position- ending 470,386 $ 451,452 $ 46,549 $ 46,713 $ 516,935 $ 498,165 $ 104,165 $ 95,517 $ Component Units Total (Amounts expressed in thousands) Allen County Changes in Net Position Governmental Activities Business-type Activities ---PAGE BREAK--- 12 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 51,858 71,894 28,053 1,733 15,186 13,997 726 10,788 25,020 16,425 2,006 - 7,950 168 (In Thousands) Expenses Revenues Property tax 40.3% LIT Econ Development 5.9% LIT Cert Shares and Public Safety 9.9% Excise/Commercial Vehicle Excise taxes 3.6% Charges for services 13.6% Other taxes 4.2% Franchise taxes 0.2% Unrestricted investment earnings 2.4% Operating grants and contributions 17.4% Capital Grants and Contributions 1.5% Misc and refunds and reimbursements 1.0% General government 28.5% Public safety 39.6% Highways and streets 15.4% Economic development 8.4% Health and welfare 7.7% Culture, Recreation, & Sanitation 0.4% ---PAGE BREAK--- 13 Business-type activities. Business-type activities account for 9% of the County’s total net position as of December 31, 2019. 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 $11.4 million and incurred $11.6 million of expenses. The total revenues include $6.2 million of program revenue and $5.2 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, 2019, the County’s governmental funds reported a combined ending fund balance of $149.1 million, an increase of $7.5 million or 5.3 percent in comparison over 2018. Assets increased $13 million, driven by a net $7.4 million increase in cash and investments along with a $5.3 million increase in interfund loans receivable. Liabilities increased $4.6 million due to the offsetting interfund loan. Deferred inflows of resources increased $1 million due to unavailable income and license excise tax revenues of and million. Approximately $1 million or .6 percent of the combined ending fund balance are assets held for resale and constitute the Nonspendable fund balance. The majority, $69.8 million or 46.8 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 $29 million or 19.5 percent of the combined ending fund balance. Assigned resources comprise $16.8 million or 11.2 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 $36.5 million and the overall Unassigned Fund balance at December 31, 2019, was $30.4 million or 20.4%. 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 Charges for services 54.6% Sports and convention tax 17.9% Food and beverage tax 25.4% Unrestricted investment earnings 2.1% ---PAGE BREAK--- 14 resources of the fund. At December 31, 2019, approximately $6.1 million of negative Unassigned fund balance was reported in the Other Governmental Funds. With the 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, 2019, the combined fund balance of the Assigned and Unassigned classifications in the General Fund was $38.2 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 2019 were $102.7 million. Thus, the amount of resources determined to be readily available for expenditure and not bound to restriction or constraint, represents 37.6 percent of the General Fund expenditures for 2019. This ratio increased from the 2018 ratio of 25.1 percent for the most part because of the net $8.8 million increase in cash and investments and no commitments on the available funds as was the case with approximately $5 million in 2018. The County General Fund balance increased $8.8 million during fiscal year ended 2019. General Fund revenues exceeded expenditures by $8.9 million and were only offset by a net transfer out of million. The revenues were $7.4 million or 7.1% higher than 2018 while expenses increased at a lower rate of $3.9 million or The increase is driven by a $4.2 million or 5.4% increase in tax collections and a $2 million or 13.9% increase in intergovernmental revenues. 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 $16.2 million at the end of 2019. During 2019 the Rainy Day Fund’s only activity was the generation of million interest revenue and million in transfers in. 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 $26.9 million at the end of 2019. This is a $5.9 million or 28.2% percent increase over 2018 resulting from a net transfer in of $5.8 million from TIF funds for infrastructure repayment. Total Other Governmental Fund revenue decreased $1 million for 2019 as taxes, special assessments, fines/forfeits and other all decreased. The County Bond fund tax revenue decreased $1.7 million and is the driver behind the decreased tax revenue as the levy was reduced to correspond with lower debt service obligations. There were multiple fluctuations in other revenue classifications and funds that contributed to the overall decrease. Other Governmental expenditures increased $4.4 million driven by increased expenditures in Public Safety, Highway and Streets, and capital outlays for economic development. Overall the Other Governmental Funds 2019 ending fund balance of $67.3 million decreased $8.3 million which reflects the above mentioned but also a net $6.3 million transfer out. Of the $6.3 million, $2.4 million was for bond payments and the remainder is related to transfers from TIF funds for interfund loans. 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 $1.3 million for the Allen County War Memorial Coliseum and $7.8 million for the County’s Internal Service funds. The Coliseum had a net operating loss of $4.4 million that was almost completely offset by non-operating revenue of $4.2 million resulting in a total net position of $46.5 million or million decrease from 2018. The County’s internal service fund is primarily a Health Self-Insurance fund. The 2019 contributions to the Health Self-Insurance fund were approximately $14.3 million but still $1.9 million less than the $16.2 million of expenses which increased $2.8 million from 2018. Ending total net position for Health Self-Insurance was $7.8 million. ---PAGE BREAK--- 15 GENERAL FUND BUDGETARY HIGHLIGHTS The County’s final General Fund budget for 2019 exceeded its original budget by approximately $5.7 million or 5.6%. The key elements of the difference between the original budget and final budget are listed below: ▪ $3.5 million was encumbrance to fund improvements on the newly purchased Work Release building ▪ million was for court costs related to a capital court case that went unspent ▪ million was related to Sheriff sworn and confinement officers ▪ million for Building dept personnel and equipment ▪ The remainder was requested from various departments. Actual expenditures were approximately $5.4 million less than final budgeted appropriations. The significant unspent appropriations primarily consisted of $2.7 million in salaries and benefits which are related to turnover and unfilled positions throughout various departments with the highest being the Allen County Juvenile Center at million due to the fact the money was not needed because they received a grant which paid for the expenses; $2.1 million in services mainly comprised of unspent funding for the New Allen Stellar project and utilities; and lastly a combined million in Supplies and Capital. For year-end December 31, 2019, General Fund revenues received were approximately $8.3 million greater than budgeted. Some of the significant contributions to actual revenues exceeding the budgeted figures are: • Collection of approximately $1.8 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 $2 million reimbursement for care of prisoner’s • $1.5 million more interest revenue • million greater public defender reimbursement • 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, 2019 was $440.3 million (net of accumulated depreciation), an increase of $3.3 million or .8 percent. 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. ---PAGE BREAK--- 16 2019 2018 2019 2018 2019 2018 Land and easements 11,005 $ 10,551 $ 381 $ 381 $ 11,386 $ 10,932 $ Construction in progess 40,482 42,158 6 4 40,488 42,162 Buildings and improvements 74,848 71,970 59,300 61,811 134,148 133,781 Machinery and equipment 11,194 11,989 3,446 4,079 14,640 16,068 Infrastructure being depreciated 236,406 230,962 - - 236,406 230,962 Intangible assets 326 368 - - 326 368 Net investment in joint venture 2,863 2,665 - - 2,863 2,665 377,124 $ 370,663 $ 63,133 $ 66,275 $ 440,257 $ 436,938 $ 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 through 47 of this report. Long-term debt. At December 31, 2019, the County had total debt outstanding of $48.2 million. Of this amount, $28 million of first mortgage bonds, $20.2 million of revenue bonds. 2019 2018 2019 2018 2019 2018 General Obligation Bonds - $ - $ - $ - $ - $ - $ First Mortgage Bonds 878 3,000 27,158 29,910 28,036 32,910 Revenue Bonds 20,139 22,645 - - 20,139 22,645 21,017 $ 25,645 $ 27,158 $ 29,910 $ 48,175 $ 55,555 $ 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 $7.4 million or 13.3 percent, which is due to regularly scheduled debt service payments. The County currently maintains an Aa2 Underlying rating from Moody’s Investor Services for the Memorial Coliseum first mortgage series 2016, 2014 and 2011. Moody’s provided an Aa1 Underlying rating for the 2016 Maplecrest Bridge Revenue Bonds. All three Series of the 2015 General Motors Tax Increment Revenue bonds have an A1 rating. The Juvenile Justice Center and Jail ratings have been withdrawn as those issuances are no longer outstanding at the time of this analysis. At December 31, 2019 the County had a net pension liability of $42.2 million which is $6.3 million or 13 percent less than the December 31, 2018 net pension liability. The OPEB liability increased million to $11.1 million or 5.6 percent for the same period. Deferred outflows of resources related to pensions and OPEB were $11 million compared with $14.8 million in deferred inflows of resources related to pensions. In addition to the indebtedness noted above, the County also has long-term liabilities for compensated absences totaling $4.1 million at December 31, 2019 compared with $3.9 million at year end 2018. ---PAGE BREAK--- 17 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. ▪ While the Coronavirus has created a good amount of uncertainty the County still has many bright spots in 2020. The local real estate market continues to be a “seller’s market” and minimal signs exist of any slowdown. It is anticipated that Net Assessed Value (NAV) will exceed 6% increase for the 2020 assessment as it has done the last two years as well. Residential housing is selling within days of listing and at times above asking price. Historic low interest rates have also contributed to the unprecedented real estate market. From 2018 to 2019 every property tax district rate decreased and from 2019 into 2020, less than 5 taxing districts had increases in their property tax rates. With the anticipated increase in NAV for 2020, property tax rates should continue to remain flat and possibly further decrease. As has been the case four of the last five years the County received another supplemental income tax distribution in early 2020 which is distributed based on our Trust Balance exceeding 15% of the certified distribution amount. Through 2019 local income tax revenue was increasing due to the strong local economy and increasing taxable income. Now that we are a few months into the Coronavirus expectation is that we will see a slowdown in the income tax revenue and possibly stagnation or decreases for 2021. The Unemployment rate was around 3% in March and is fluctuating around 10-12% due to Coronavirus. County expenditures have not been exacerbated thus far and revenues are still trending along estimates indicating we should end 2020 with a similar fiscal position as we began the year. ▪ With no definitive end in sight for the Coronavirus and almost guaranteed lingering economic effects, 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 three years, the County continues to operate with a balanced budget and conservative revenue estimates. While not a topic being discussed, should the County need to incur indebtedness we further improved our debt capacity with the retirement of the Jail and Juvenile Justice Center bonds. The 2020 overall County budget increased 5.1% over 2019, but approximately 50% of this amount is due to a 27th pay period that will not be recurring. The County continues to maintain fund balances of record levels with no specific significant uses aside from helping sustain the Coliseum operations until they can resume operations post-coronavirus. These factors along with others were considered when preparing the County’s budget for the 2020 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]. ---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 140,343,615 $ 547,626 $ 140,891,241 $ 39,502,914 $ Investments - unrestricted 22,563,688 63,142 22,626,830 20,504,740 Receivables (net of allowances for uncollectibles): Interest 365,635 1,018 366,653 87,628 Taxes 14,944,932 - 14,944,932 1,375,783 Accounts 1,152,971 306,711 1,459,682 - Special assessments 33,117 - 33,117 - Intergovernmental 2,055,211 - 2,055,211 1,385,442 Suite - 831,500 831,500 - Other - - - 101,644 Inventories 1,376,767 - 1,376,767 - Prepaid expense 939,904 189,251 1,129,155 155,927 Assets held for resale 966,088 - 966,088 - Restricted assets: Cash and cash equivalents - restricted - 9,868,354 9,868,354 - Cash with fiscal agent - restricted - 6,274 6,274 - Investments - restricted - 957,692 957,692 - Interest receivable - 15,446 15,446 - Taxes receivable - 1,862,632 1,862,632 - Suite receivable - 228,500 228,500 - Capital assets: Land and construction in progress 51,486,509 386,637 51,873,146 5,954,969 Other capital assets, net of depreciation 325,637,123 62,746,750 388,383,873 59,069,216 Total assets 561,865,560 78,011,533 639,877,093 128,138,263 Deferred Outflows of Resources Unamortized loss on refunding 1,470,311 347,914 1,818,225 - Other postemployment benefits related 667,235 - 667,235 - Pension related 10,374,292 - 10,374,292 728,391 Total deferred outflow of resources 12,511,838 347,914 12,859,752 728,391 Liabilities Accounts payable 4,033,149 121,993 4,155,142 739,260 Accrued payroll and withholdings payable 4,341,800 162,831 4,504,631 509,735 Taxes payable - 6,721 6,721 - Accrued interest payable - - - 67,420 Incurred but not reported claims 2,336,251 - 2,336,251 - Unearned revenue - 1,375,998 1,375,998 - Payable from restricted assets: Accounts payable - 168,554 168,554 - Ticket office customer deposits payable - 2,491,358 2,491,358 - First mortgage revenue bonds - due within one year - 2,570,000 2,570,000 - Accrued interest payable 235,209 174,800 410,009 - Noncurrent liabilities: Due within one year: First mortgage general obligation bonds payable 878,318 - 878,318 5,955,000 Compensated absences 3,958,127 150,181 4,108,308 134,170 Revenue bonds payable 2,380,000 - 2,380,000 - Due in more than one year: First mortgage general obligation bonds payable (net of premium) - - - 7,603,535 First mortgage revenue bonds payable (net of premium) - 24,588,163 24,588,163 - Compensated absences - - - 670,848 Revenue bonds payable (net of premium/discounts) 17,758,782 - 17,758,782 - Unearned revenue - - - 1,282,533 Net pension liability 42,186,659 - 42,186,659 6,392,654 Net other postemployment benefits liability 11,079,936 - 11,079,936 - Total liabilities 89,188,231 31,810,599 120,998,830 23,355,155 Deferred Inflows of Resources Unamortized gain on refunding 8,560 - 8,560 229,880 Other postemployment benefits related 1,059,718 - 1,059,718 - Pension related 13,734,879 - 13,734,879 1,116,726 Total deferred inflows of resources 14,803,157 - 14,803,157 1,346,606 Net position Net investment in capital assets 356,106,532 36,323,138 392,429,670 51,235,770 Restricted for: Capital projects - 6,274 6,274 3,643,391 Debt service 479,581 - 479,581 6,291,879 Perpetual endowment subject to donor stipulations - - - 10,000,713 Perpetual endowment subject to time restrictions - - - 3,264,392 Other purposes 1,315,694 8,891,486 10,207,180 4,354,096 Unrestricted 112,484,203 1,327,950 113,812,153 25,374,652 Total net position 470,386,010 $ 46,548,848 $ 516,934,858 $ 104,164,893 $ The notes to the financial statements are an integral part of this statement. Primary Government ALLEN COUNTY STATEMENT OF NET POSITION December 31, 2019 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 51,860,265 $ 7,117,317 $ 3,670,438 $ - $ (41,072,510) $ - $ (41,072,510) $ - $ Public safety 71,894,097 11,779,598 13,240,272 - (46,874,227) - (46,874,227) - Highways and streets 28,053,441 596,729 12,950,910 2,877,209 (11,628,593) - (11,628,593) - Sanitation 1,732,810 2,005,539 - - 272,729 - 272,729 - Economic development 15,185,954 - - - (15,185,954) - (15,185,954) - Health and welfare 13,996,915 4,364,212 3,585,743 - (6,046,960) - (6,046,960) - Culture and recreation 725,626 168,076 - - (557,550) - (557,550) - Total governmental activities 183,449,108 26,031,471 33,447,363 2,877,209 (121,093,065) - (121,093,065) - Business-type activities: Coliseum 11,612,586 6,234,512 - - - (5,378,074) (5,378,074) - Total primary government 195,061,694 $ 32,265,983 $ 33,447,363 $ 2,877,209 $ (121,093,065) (5,378,074) (126,471,139) - Component unit: Allen County Public Library 31,149,074 $ 432,468 $ 3,340,564 $ - $ - - - (27,376,042) General revenues: Property taxes 77,325,799 - 77,325,799 27,724,811 LIT economic development 11,280,875 - 11,280,875 - LIT distributive shares 18,980,365 - 18,980,365 3,893,083 Excise/Commercial Vehicle Excise Taxes 6,872,288 - 6,872,288 - Franchise taxes 412,909 - 412,909 - Other taxes 8,073,331 - 8,073,331 2,602,088 Food and beverage taxes - 2,901,127 2,901,127 - Sports and convention taxes - 2,050,984 2,050,984 - Unrestricted investment earnings 4,627,082 243,377 4,870,459 597,795 Miscellaneous and refunds and reimbursements 2,017,156 - 2,017,156 1,205,563 Change in pension liability 959,842 - 959,842 - Change in other postemployment benefits liability (108,652) - (108,652) - Capital contributions 9,585,616 18,340 9,603,956 - Gain on disposal of assets - 598 598 - Total general revenues 140,026,611 5,214,426 145,241,037 36,023,340 Change in net position 18,933,546 (163,648) 18,769,898 8,647,298 Net position - beginning 451,452,464 46,712,496 498,164,960 95,517,595 Net position - ending 470,386,010 $ 46,548,848 $ 516,934,858 $ 104,164,893 $ 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, 2019 20 ---PAGE BREAK--- Local Income Other Tax - Economic Governmental Assets General Rainy Day Development Funds Totals Cash and cash equivalents 32,553,361 $ 13,804,637 $ 18,234,644 $ 66,150,449 $ 130,743,091 $ Investments 8,760,701 2,046,634 2,770,495 8,090,923 21,668,753 Receivables (net of allowances for uncollectibles): Interest 203,443 33,009 - 114,749 351,201 Taxes 9,541,677 - 3,593,175 1,810,080 14,944,932 Accounts 363,983 - - 587,562 951,545 Special assessments - - - 33,117 33,117 Intergovernmental 1,564,829 - 194,318 296,064 2,055,211 Interfund receivable: Interfund loans 154,519 340,000 6,046,089 - 6,540,608 Assets held for resale - - - 966,088 966,088 Total assets 53,142,513 $ 16,224,280 $ 30,838,721 $ 78,049,032 $ 178,254,546 $ Liabilities, Deferred Inflows of Resources, Fund Balances Liabilities: Accounts payable 1,575,877 $ - $ 348,684 $ 1,512,968 $ 3,437,529 $ Accrued payroll and withholdings payable 3,366,017 - 13,787 961,996 4,341,800 Interfund payable: Interfund loans - - - 6,540,608 6,540,608 Total liabilities 4,941,894 - 362,471 9,015,572 14,319,937 Deferred inflows of resources: Unavailable revenue - property taxes 2,389,098 - - 345,062 2,734,160 Unavailable revenue - license excise taxes 1,250,093 - - 180,552 1,430,645 Unavailable revenue - income taxes 5,902,486 - 3,593,175 1,160,008 10,655,669 Total deferred inflows of resources 9,541,677 - 3,593,175 1,685,622 14,820,474 Fund balances: Nonspendable fund balance - - - 966,088 966,088 Restricted fund balance - - 1,315,694 68,499,345 69,815,039 Committed fund balance 470,648 - 25,567,381 3,460,804 29,498,833 Assigned fund balance 1,640,654 16,224,280 - 548,516 18,413,450 Unassigned fund balance 36,547,640 - - (6,126,915) 30,420,725 Total fund balances 38,658,942 16,224,280 26,883,075 67,347,838 149,114,135 Total liabilities, deferred inflows of resources, and fund balances 53,142,513 $ 16,224,280 $ 30,838,721 $ 78,049,032 $ 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. 377,123,632 Other long-term assets are not available to pay for current-period expenditures and, therefore, are deferred in the funds. 27,511,437 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. 7,779,448 Long-term liabilities, including bonds payable, are not due and payable in the current period and, therefore, are not reported in the funds. (37,483,564) Net pension liabilities are not due and payable in the current period and, therefore, are not reported in the funds. (42,186,659) Net other postemployment benefits liability is not due and payable in the current period and, therefore, is not reported in the funds. (11,472,419) Net position of governmental activities 470,386,010 $ ALLEN COUNTY BALANCE SHEET - GOVERNMENTAL FUNDS December 31, 2019 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 82,675,034 $ - $ 11,051,044 $ 19,481,087 $ 113,207,165 $ Special assessments - - - 868,259 868,259 Licenses and permits 2,987,954 - - - 2,987,954 Intergovernmental 16,662,574 - 1,077,518 26,606,223 44,346,315 Charges for services 4,671,808 - - 14,611,462 19,283,270 Fines and forfeits 944,293 - - 1,985,570 2,929,863 Other 3,720,829 424,114 11,340 2,954,958 7,111,241 Total revenues 111,662,492 424,114 12,139,902 66,507,559 190,734,067 Expenditures: Current: General government 42,224,900 - - 4,918,971 47,143,871 Public safety 53,382,544 - - 20,990,609 74,373,153 Highways and streets - - - 18,645,810 18,645,810 Sanitation - - - 1,322,344 1,322,344 Economic development - - - 28,488 28,488 Health and welfare 6,589,567 - - 7,469,633 14,059,200 Culture and recreation 525,241 - - 172,835 698,076 Debt service: Principal - - - 4,340,852 4,340,852 Interest - - - 1,206,341 1,206,341 Capital outlay: Economic development - - 12,099,432 8,998,733 21,098,165 Special assessment - - - 339,349 339,349 Total expenditures 102,722,252 - 12,099,432 68,433,965 183,255,649 Excess (deficiency) of revenues over (under) expenditures 8,940,240 424,114 40,470 (1,926,406) 7,478,418 Other financing sources (uses): Transfers in 74,000 546,150 6,278,067 4,084,003 10,982,220 Transfers out (180,000) - (395,277) (10,406,943) (10,982,220) Total other financing sources and uses (106,000) 546,150 5,882,790 (6,322,940) - Net change in fund balances 8,834,240 970,264 5,923,260 (8,249,346) 7,478,418 Fund balances - beginning 29,824,702 15,254,016 20,959,815 75,597,184 141,635,717 Fund balances - ending 38,658,942 $ 16,224,280 $ 26,883,075 $ 67,347,838 $ 149,114,135 $ ALLEN COUNTY STATEMENT OF REVENUES, EXPENDITURES ,AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS For The Year Ended December 31, 2019 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 7,478,418 Changes in Fund Balances). 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 453,808 Construction in progress (1,676,376) Total change in capital assets not being depreciated (1,222,568) Capital assets being depreciated: Buildings, net of $1,988,348 depreciation expense 2,872,955 Improvements other than buildings, net of $13,769 depreciation expense 5,106 Machinery and equipment, net of $2,030,271 depreciation expense (795,763) Infrastructure, net of $4,523,121 depreciation expense 5,444,374 Net investment in joint venture, net of $151,580 depreciation expense 197,804 Intangible assets, net of $30,634 depreciation expense (41,709) Total change in capital assets being depreciated 7,682,767 Total changes in capital assets 6,460,199 Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the governmental funds. 1,000,379 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. 4,340,851 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. 133,016 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. 517,350 Net pension liabilities are considered a long-term obligation of the general government, but are not current expenditures. 959,842 Other postemployment benefits liability is considered a long-term obligation of the general government, but is not a current expenditure. (108,652) 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. (169,545) 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. (1,678,312) Change in net position of governmental activities (Statement of Activities) 18,933,546 $ 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, 2019 23 ---PAGE BREAK--- Business-Type Activities - Enterprise Fund War Memorial Internal Assets Coliseum Service Funds Current assets: Cash and cash equivalents 547,626 $ 9,600,524 $ Investments 63,142 894,935 Interest receivable 1,018 14,434 Accounts receivable (net of allowance) 306,711 201,426 Suite receivable 831,500 - Prepaid items 189,251 - Total current assets 1,939,248 10,711,319 Noncurrent assets: Restricted cash, cash equivalents and investments: Cash and cash equivalents 9,868,354 - Cash with fiscal agent 6,274 - Investments 957,692 - Interest receivable 15,446 - Taxes receivable 1,862,632 - Suite receivable 228,500 - Capital assets: Land, and construction in progress 386,637 - Other capital assets (net of accumulated depreciation) 62,746,750 - Total noncurrent assets 76,072,285 - Deferred Outflows of Resources Unamortized loss on refunding 347,914 - Liabilities Current liabilities: Accounts payable 121,993 595,620 Accrued wages payable 162,831 - Taxes payable 6,721 - Compensated absences 150,181 - Incurred but not reported claims - 2,336,251 Unearned revenue 1,375,998 - Current liabilities payable from restricted assets: Accounts payable 168,554 - Ticket office customer deposits 2,491,358 - First mortgage revenue bonds payable 2,570,000 - Accrued interest payable 174,800 - Total current liabilities 7,222,436 2,931,871 Noncurrent liabilities: First mortgage revenue bonds payable (net of unamortized premium) 24,588,163 - Total liabilities 31,810,599 2,931,871 Net position Net investment in capital assets 36,323,138 - Restricted for capital assets 6,274 - Restricted for other purposes 8,891,486 - Unrestricted 1,327,950 7,779,448 Total net position 46,548,848 $ 7,779,448 $ ALLEN COUNTY STATEMENT OF NET POSITION - PROPRIETARY FUNDS December 31, 2019 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 435,038 $ 11,960 $ Rent 1,014,520 - Concessions 1,305,644 - Parking 1,841,468 - Ticket office 188,871 - Advertising 410,388 - Arena maintenance fee 343,175 - Suite/club seats 687,875 - Advance forfeiture rent 7,533 Employee/employer contributions - 14,298,304 Total operating revenues 6,234,512 14,310,264 Operating expenses: Salaries and wages 2,583,051 - Fringe benefits 692,627 - Materials and supplies 1,176,573 - Purchased services 626,239 - Utilities 813,633 - Miscellaneous 201,216 - Maintenance and repair 563,285 - Insurance claims and expenses - 16,188,017 Depreciation 4,002,665 - Total operating expenses 10,659,289 16,188,017 Operating Income (loss) (4,424,777) (1,877,753) Nonoperating revenues (expenses): Interest and investment revenue 243,377 199,441 Food and beverage taxes 8,207,513 - Transfer to Capital Improvement Board/Food and beverage taxes (5,306,386) - Sports and convention taxes 2,050,984 - Amortization of loss on bond refunding (59,643) - Interest expense (893,654) - Gain on disposal of assets 598 - Total nonoperating revenue 4,242,789 199,441 Income before contributions (181,988) (1,678,312) Capital contributions 18,340 - Change in net position (163,648) (1,678,312) Total net position - beginning 46,712,496 9,457,760 Total net position - ending 46,548,848 $ 7,779,448 $ ALLEN COUNTY STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION - PROPRIETARY FUNDS For The Year Ended December 31, 2019 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 6,290,949 $ 14,203,447 $ Payments to suppliers (6,176,185) (15,009,798) Payments to employees (2,632,854) - Other receipts - 10,484 Net cash provided (used) by operating activities (2,518,090) (795,867) Cash flows from capital and related financing activities: Acquisition and construction of capital assets (842,649) - Principal paid on capital debt (2,525,000) - Interest paid on capital debt (1,137,906) - Food and beverage taxes 2,848,717 - Sports and convention taxes 2,518,855 - Net cash provided (used) by capital and related financing activities 862,017 - Cash flows from investing activities: Proceeds from sales and maturities of investments 1,834,277 1,848,592 Purchase of investments (1,020,834) (894,935) Interest received 240,879 199,082 Net cash provided (used) by investing activities 1,054,322 1,152,739 Net increase (decrease) in cash and cash equivalents (601,751) 356,872 Cash and cash equivalents, January 1 11,024,005 9,243,652 Cash and cash equivalents, December 31 10,422,254 $ 9,600,524 $ Reconciliation of operating income (loss) to net cash provided by operating activities: Operating income (loss) (4,424,777) $ (1,877,753) $ Adjustments to reconcile operating income (loss) to net cash provided by operating activities: Depreciation expense 4,002,665 - (Increase) decrease in assets: Accounts receivable 74,415 (96,333) Prepaid items (6,091) - Increase (decrease) in liabilities: Customer deposits (2,218,647) - Accrued wages payable (47,462) - Accounts payable 117,596 316,713 Unavailable revenue (17,978) - Taxes payable 4,530 - Compensated absence payable (2,341) - Incurred but not reported claims - 861,506 Total adjustments 1,906,687 1,081,886 Net cash provided (used) by operating activities (2,518,090) $ (795,867) $ ALLEN COUNTY STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS For The Year Ended December 31, 2019 The notes to the financial statements are an integral part of this statement. 26 ---PAGE BREAK--- Pension Trust Custodial Assets Funds Funds Cash and cash equivalents 4,308,135 $ 25,883,919 $ Receivables: Accounts - 12,651,288 Taxes for other governments - 57,553,378 Interest and dividends 5,186 - Transfers into trust 32,765 - Total receivables 37,951 70,204,666 Investments at fair value: U.S. government securities - 13,144 Shares of unit investment trusts 55,627,720 - Total investments 55,627,720 13,144 Total assets 59,973,806 $ 96,101,729 $ Liabilities Net benefits due and unpaid/(overpaid) 8,935 $ - $ Transfers out of trust 32,765 - Accounts payable and other liabilities - 8,421 Due to other governments - 32,974,757 Total liabilities 41,700 32,983,178 Net Position Net position held in trust for: Employees' pension benefits 59,932,106 - Individuals, organizations, and other governments - 63,118,551 Total net position restricted for fiduciary funds 59,932,106 $ 63,118,551 $ ALLEN COUNTY STATEMENT OF FIDUCIARY NET POSITION - FIDUCIARY FUNDS December 31, 2019 The notes to the financial statements are an integral part of this statement. 27 ---PAGE BREAK--- Pension Trust Custodial Additions Funds Funds Contributions: Employer 2,687,092 $ - $ Plan members 260,395 - Total contributions 2,947,487 - Investment income: Net increase in fair value of investments 7,806,135 - Interest and dividends 1,563,709 2,707 Net investment income 9,369,844 2,707 Collections: Taxes for other governments - 659,207,606 Fines/Fees/Restitution - 39,675,609 Miscellaneous 2,109 1,820,963 Total Collections 2,109 700,704,178 Total additions 12,319,440 700,706,885 Deductions Benefits 2,982,225 - Administrative expense 93,899 - Payments of tax to other governments - 642,755,546 Payments to individuals and organizations - 50,387,975 Total deductions 3,076,124 693,143,521 Net increase (decrease) in fiduciary net position 9,243,316 7,563,364 Net position - beginning 50,688,790 55,555,187 Net position - ending 59,932,106 $ 63,118,551 $ 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, 2019 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. The Allen County Redevelopment Authority (Authority) is a significant blended component unit of the primary government. The primary government appoints a voting majority of the Authority’s board and a financial benefit/burden relationship exists between the primary government and the Authority. Although it is legally separate from the primary government, the Authority 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 debt of the Authority will be repaid entirely, or almost entirely, from resources of the primary government. 29 ---PAGE BREAK--- Separate financial statements of the component unit are not available. The administrative office is located as follows: Allen County Redevelopment Authority 200 East Berry Street, Suite 150 Fort Wayne, IN 46802 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. 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 $97,142 for its share of the 2019 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. 30 ---PAGE BREAK--- 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. 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. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability is incurred, or economic asset used. Revenues, expenses, gains, losses, assets, and liabilities resulting from exchange and exchange-like transactions are recognized when the exchange takes place. 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. 31 ---PAGE BREAK--- 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. 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. Custodial 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 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 32 ---PAGE BREAK--- 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. 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 December 31. These rates were based upon the preceding year’s lien date, January 1, 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. 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 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: 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 $893,654. 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 34 ---PAGE BREAK--- 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 withheld from actual debt proceeds received, are reported as debt service expenditures. 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 $14,794,597 for 2019. These inflows consist of INPRS retirement system of $6,892,673, the County Police Retirement plan in the amount of $6,123,599, the County Police Supplemental Benefit plan in the amount of $718,607, and OPEB in the amount of $1,059,718. The unamortized gain on refunding for the Allen County Jail with a total gain of $111,286 and the unamortized amount of $8,560. 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 $25,764 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 $263,824 for the 2016A Series and a total loss of $209,024 the unamortized amount of $84,090 for the 2011B Series, and the Maplecrest Road Bridge Bond 2016 with a total loss of $1,926,062 the unamortized amount of $1,444,547. The deferred outflows for governmental activities that is pension and OPEB related totals $11,041,527 and consists of INPRS retirement system of $3,591,689, the County Police Retirement plan in the amount of $6.414.447, the County Police Supplemental Benefit plan in the amount of $368,156, and OPEB $667,235. 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. 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 - - - 28,857,489 28,857,489 Public Safety - - - 9,220,866 9,220,866 Highw ays and Streets - - - 11,771,568 11,771,568 Sanitation - - - 2,499,339 2,499,339 Culture and Recreation - - - 871,293 871,293 Economic Development - - 1,315,694 11,670,786 12,986,480 Health and Welfare - - - 3,608,004 3,608,004 Total restricted fund balance - - 1,315,694 68,499,345 69,815,039 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. 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, 2019 are composed of the following: 36 ---PAGE BREAK--- Committed fund balance: General Government 294,657 - - 1,369,040 1,663,697 Public Safety 175,991 - - 392,603 568,594 Culture and Recreation - - - 11,398 11,398 Economic Development - - 25,567,381 1,051,652 26,619,033 Health and Welfare - - - 636,111 636,111 Total committed fund balance 470,648 - 25,567,381 3,460,804 29,498,833 Assigned fund balance: General Government 1,577,020 16,224,280 - 251,565 18,052,865 Public Safety 63,634 - - - 63,634 Economic Development - - - 296,951 296,951 Total assigned fund balance 1,640,654 16,224,280 - 548,516 18,413,450 Unassigned fund balance 36,547,640 - - (6,126,915) 30,420,725 Total fund balance 38,658,942 $ 16,224,280 $ 26,883,075 $ 67,347,838 $ 149,114,135 $ Fund 2019 Governmental Funds: Local Health Maintenance 5,151 $ Community Corrections 188,979 Check and Connect 57,826 Great Lakes Restoration 1,243 HIV/AIDS Program 7,740 Substance Abuse Prevention and Treatment 4,050 Allen County Courts Foreign Language Interpreter 3,921 ISDH Syringe Service Program 15,221 Bluffton Road East TIF 242,857 Group Delphi TIF 1,689,730 Dupont Corner TIF 993,253 Stonebridge Business Park Project 2,916,944 C. Deficit Fund Equity At December 31, 2019, 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, 2019, the Sheriff’s 37 ---PAGE BREAK--- Amount Uninsured and uncollateralized deposits 4,308,135 $ Retirement and Benefit Pension Plans had deposit balances in the amount of $4,308,135. 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: 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, 2019, 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 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. Primary Government: Investment Type Fair Value Government sponsored enterprises 18,874,210 $ External investment pool 4,723,457 Total 23,597,667 $ Sheriff's Retirement and Benefit Pension Plans: Investment Type Fair Value Mutual funds 20,519,177 $ Foreign mutual fund 35,108,543 Total 55,627,720 $ 38 ---PAGE BREAK--- Primary Government: Not in the Investment Government's Type Name Government sponsored enterprises 18,558,303 $ Sheriff's Retirement and Benefit Pension Plans: Not in the Investment Government's Type Name Mutual funds 20,519,177 $ Foreign mutual fund 35,108,543 Total 55,627,720 $ 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 November 3, 2016. 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: 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. 39 ---PAGE BREAK--- 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 4,333,177 $ 7,531,506 $ 7,004,374 $ External investment pool 4,723,457 - - Totals 9,056,634 $ 7,531,506 $ 7,004,374 $ Sheriff's Retirement and Benefit Pension Plans: Investment Less More Type Than 0-5 5-15 Than 15 Mutual funds 20,519,177 $ - - Foreign mutual funds 35,108,543 - - Totals 55,627,720 $ - $ - $ Investment Maturities (in Years) Investment Maturities (in Years) Primary Government: Standard & Government Poor's Moody's Sponsored Investment Rating Rating Enterprise Pools AAA Aaa 18,558,268 $ 3,169,688 $ AA Aa - 1,553,769 Totals 18,558,268 $ 4,723,457 $ Sheriff's Retirement and Benefit Pension Plans: Standard & Poor's Moody's Mutual Rating Rating Funds Unrated Unrated 55,627,720 $ County's Investments Sheriff's Pension Plan Investments 40 ---PAGE BREAK--- Primary Government: Issuer 2019 Federal Farm Credit Banks 9,013,358 $ Federal Home Loan Banks 5,536,205 Total 14,549,563 $ 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. 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. 41 ---PAGE BREAK--- Primary Government: Investment Type Fair Value Level 1 Level 2 Level 3 Government sponsored enterprises 18,869,057 $ - $ 18,869,057 $ - $ External investment pool 4,723,457 - 4,723,457 - Totals 23,592,514 $ - $ 23,592,514 $ - $ Sheriff's Retirement and Benefit Pension Plans: Investment Type Fair Value Level 1 Level 2 Level 3 Mutual funds 20,519,177 $ 20,519,177 $ - $ - $ Foreign mutual funds 35,108,543 35,108,543 - - Totals 55,627,720 $ 55,627,720 $ - $ - $ The following table summarizes the valuation of investments by the fair value hierarchy levels as of December 31, 2019: 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, 2019, the County’s discretely presented component unit’s deposits with financial institutions of $38,501,335 were entirely insured by the federal depository insurance, with the exception of the Allen County Public Library’s deposits in the amount of $632,370. Deposits of $632,370 are in excess of the insured amount and $139,143 is in investment accounts that are uninsured. 2. Investments Authorization for investment activity is stated in Indiana Code 5-13. As of December 31, 2019, 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 Discretely Presented Component Unit: Investment Type Fair Value Government sponsored enterprises 4,104,606 $ Corporate bonds 296,613 Corporate stock 11,373,555 Mutual funds 4,729,966 Total 20,504,740 $ 42 ---PAGE BREAK--- 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, September 2017 and June 2019. 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 5% with a target of fixed income 20% to 40% with a target of 30%; alternative investments 0% to 10% with a target of equities 40% to 90% with a target of 65%. 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, 2019, 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 $20,519,702. 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. 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. Discretely Presented Component Unit: Investment Less More Type Than 1 1-2 Than 2 Government sponsored enterprises 242,213 $ 368,523 $ 3,493,870 $ Corporate bonds 5,000 - 291,613 Corporate stock 11,373,555 - - Mutual funds 4,729,966 - - Totals 16,350,734 $ 368,523 $ 3,785,483 $ Investment Maturities (in Years) 43 ---PAGE BREAK--- 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; proper diversification between U.S. and internat6ional equities, and that investment in high yield and unrated bonds should be no higher than 10 percent of the entire portfolio. These guidelines are continually monitored by the investment committee of the Allen County Public Library Foundation. In the event were one of these to occur within the Foundation’s investment portfolio, proper action would be implemented to resolve the matter. 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 $427,328. 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. Discretely Presented Component Unit: Standard & Morningstar Government Poor's Risk Sponsored Corporate Mutual Rating Profile Enterprise Bonds Funds AAA 392,314 $ - $ - $ AA+ 1,616,486 - - AA 465,855 - - AA - 407,115 - - AA1 35,325 - - AA2 35,047 - - AA3 264,986 - - A+ 277,693 - - A 206,242 28,425 - A- 77,095 135,057 - A1 70,738 - - A2 50,603 - - BBB+ - 51,386 - BBB - 81,745 - Unrated 205,107 - 74,689 Low - - 642,575 Below Average - - 1,199,258 Average - - 1,636,174 Above Average - - 800,150 High - - 377,120 Totals 4,104,606 $ 296,613 $ 4,729,966 $ 44 ---PAGE BREAK--- 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, 2019: B. Capital Assets Capital asset activity for the year ended December 31, 2019, was as follows: Beginning Ending Primary Government: Balance Increases Decreases Balance Governmental activities: Capital assets, not being depreciated: Land 10,551,016 $ 525,624 $ 71,816 $ 11,004,824 $ Construction in progress 42,158,059 8,871,679 10,548,055 40,481,683 Total capital assets, not being depreciated 52,709,075 9,397,303 10,619,871 51,486,507 Discretely Presented Component Unit: Investment Type Fair Value Level 1 Level 2 Level 3 Government sponsored enterprise 4,104,606 $ - $ 4,104,606 $ - $ Corporate bonds 296,613 - 296,613 - Corporate stock 11,373,555 11,373,555 - - Mutual funds 4,729,966 4,729,966 - - Beneficial interest 14,962 - - 14,962 Totals 20,519,702 $ 16,103,521 $ 4,401,219 $ 14,962 $ 45 ---PAGE BREAK--- Capital assets, being depreciated: Buildings 122,319,391 4,861,303 - 127,180,694 Improvements other than buildings 3,384,834 18,875 - 3,403,709 Machinery and equipment 46,015,656 2,881,734 1,647,226 47,250,164 Infrastructure being depreciated 373,884,819 15,821,104 5,853,609 383,852,314 Intangible assets 555,493 - 11,075 544,418 Net investment in joint venture 5,713,852 446,526 97,142 6,063,236 Totals 551,874,045 24,029,542 7,609,052 568,294,535 Less accumulated depreciation for: Buildings 50,520,619 1,988,348 - 52,508,967 Improvements other than buildings 3,212,895 13,769 - 3,226,664 Machinery and equipment 34,026,260 3,577,628 1,547,357 36,056,531 Infrastructure being depreciated 142,923,296 7,628,466 3,105,345 147,446,417 Intangible assets 187,773 36,295 5,661 218,407 Net investment in joint venture 3,048,844 151,580 - 3,200,424 Totals 233,919,687 13,396,086 4,658,363 242,657,410 Total capital assets, being depreciated, net 317,954,358 10,633,456 2,950,689 325,637,125 Total governmental activities capital assets, net 370,663,433 $ 20,030,759 $ 13,570,560 $ 377,123,632 $ Business-type activities: Capital assets, not being depreciated: Land 380,487 $ - $ - $ 380,487 $ Construction in progress 4,250 232,503 230,603 6,150 Total capital assets, not being depreciated 384,737 232,503 230,603 386,637 Capital assets, being depreciated: Land improvements 1,440,208 - - 1,440,208 Buildings 106,082,794 - - 106,082,794 Improvements other than buildings 8,359,906 782,184 - 9,142,090 Machinery and equipment 9,521,018 121,613 87,368 9,555,263 Totals 125,403,926 903,797 87,368 126,220,355 Less accumulated depreciation for: Land improvements 1,435,408 300 - 1,435,708 Buildings 47,680,243 2,905,560 - 50,585,803 Improvements other than buildings 4,956,671 386,069 - 5,342,740 Machinery and equipment 5,441,876 710,736 43,258 6,109,354 Totals 59,514,198 4,002,665 43,258 63,473,605 Total capital assets, being depreciated, net 65,889,728 (3,098,868) 44,110 62,746,750 Total business-type activities capital assets, net 66,274,465 $ (2,866,365) $ 274,713 $ 63,133,387 $ 46 ---PAGE BREAK--- Governmental activities: General government 908,158 $ Public safety 3,443,385 Highways and streets 8,797,903 Health and welfare 86,872 Sanitation 92,485 Culture and recreation 67,283 Total depreciation expense - governmental activities 13,396,086 $ Business-type activities: Coliseum 4,002,665 $ 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, 2019, 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. General Local Income Tax Interfund Payables Fund Rainy Day Economic Development Total Non-major governmental 154,519 $ 340,000 $ 6,046,089 $ 6,540,608 $ Interfund Receivables 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 5,728,222 135,295 60,452 5,803,065 Library materials 8,126,284 2,553,321 3,047,098 7,632,507 Totals 105,014,762 2,688,616 3,107,550 104,595,828 Less accumulated depreciation for: Buildings and improvements 34,945,723 2,155,042 - 37,100,765 Improvements other than buildings 385,173 29,136 - 414,309 Machinery and equipment 5,328,797 158,424 60,452 5,426,769 Library materials 2,923,106 2,708,761 3,047,098 2,584,769 Totals 43,582,799 5,051,363 3,107,550 45,526,612 Total capital assets, being depreciated, net 61,431,963 (2,362,747) - 59,069,216 Total discretely presented component unit capital assets, net 67,386,932 $ (2,362,747) $ - $ 65,024,185 $ 47 ---PAGE BREAK--- Year Ended December 31 Principal Interest Principal Interest 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 - - 2,990,000 543,614 2025-2029 - - 6,485,000 1,488,415 2030-2034 - - 5,045,000 615,431 Totals 850,000 $ 17,000 $ 25,440,000 $ 6,070,652 $ Governmental Activities Business-Type Activities 2. Interfund Transfers Interfund transfers at December 31, 2019, 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 - $ - $ 180,000 $ 180,000 $ Local Income Tax - Economic Development - 340,000.00 - 55,277 395,277 Non-major Governmental 74,000 206,150.00 6,278,067 3,848,726 10,406,943 Totals 74,000 $ 546,150 $ 6,278,067 $ 4,084,003 $ 10,982,220 $ Balance Interest December 31, Current Net Purpose Rates 2019 Portion Premium Noncurrent Governmental activities: 2016 Jail Building First Mortgage refunding bonds 2.00% to 4.00% 850,000 $ 878,318 $ 28,318 $ - $ Business-type activities: 2011 B War Memorial Coliseum additions first mortgage refunding revenue bonds 3.6% to 5.45% 2,500,000 $ 365,000 $ 3,715 $ 2,138,715 $ 2016 A War Memorial Coliseum additions refunding first mortgage revenue bonds 2.00% to 4.00% 10,210,000 1,585,000 1,092,785 9,717,785 2014 War Memorial Coliseum Convention Center Expansion first mortgage bonds 2% to 5.0% 12,730,000 620,000 621,663 12,731,663 Total business-type activities 25,440,000 $ 2,570,000 $ 1,718,163 $ 24,588,163 $ 48 ---PAGE BREAK--- 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: Balance Unamortized Interest December 31, Current Premium Net Purpose Rates 2019 Portion (Discount) Noncurrent 2016 Allen County Public Library first mortgage refunding bonds 2% to 3% 13,600,000 $ 5,955,000 $ (41,465) $ 7,603,535 $ Balance Interest December 31, Current Net Purpose Rates 2019 Portion Premium Noncurrent Allen County Tax Increment Revenue Bonds (General Motors) Series 2015 A 1.35% to 2.60% 885,000 $ 885,000 $ - $ - $ Allen County Tax Increment Revenue Bonds (General Motors) Series 2015 B 1.35% to 2.60% 315,000 315,000 - - Allen County Tax Increment Revenue Bonds (General Motors) Series 2015 C 3.0% to 4.0% 2,050,000 - 8,827 2,058,827 2016 Maplecrest Road Bridge Bond 3.0% to 5.0% 14,920,000 1,180,000 1,959,955 15,699,955 Total governmental activities 18,170,000 $ 2,380,000 $ 1,968,782 $ 17,758,782 $ Year Ended December 31 Principal Interest 2020 5,955,000 $ 130,842 $ 2021 5,315,000 66,366 2022 2,330,000 12,582 Totals 13,600,000 $ 209,790 $ Component Unit Discretely Presented Principal Interest 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 1,520,000 493,169 2025-2029 8,840,000 1,447,047 2030-2034 545,000 209,800 2035-2043 740,000 92,100 Totals 18,170,000 $ 4,795,857 $ Governmental Activities 49 ---PAGE BREAK--- Coliseum ticket office fund 2,611,745 $ Coliseum advance customer deposits 315,998 Food and beverage supplemental tax fund 6,224,791 Sports and convention fund 1,673,512 Total restricted assets 10,826,046 $ 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, 2019, the defeased bonds are paid in full. 4. Changes in Long-Term Liabilities Long-term liability activity for the year ended December 31, 2019, 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 2,885,851 $ - $ 2,035,852 $ 850,000 $ 850,000 $ Revenues 20,475,000 - 2,305,000 18,170,000 2,380,000 Total bonds payable 23,360,851 - 4,340,852 19,020,000 3,230,000 Compensated absences 3,734,400 3,958,127 3,734,400 3,958,127 3,958,127 Other postemployment benefits liability 10,492,917 587,019 - 11,079,936 - Net Pension Liability 48,504,039 - 6,317,380 42,186,659 - Total governmental activities long-term liabilities 86,092,207 $ 4,545,146 $ 14,392,632 $ 76,244,722 $ 7,188,127 $ Business-type activities: First mortgage revenue bonds payable: Coliseum 27,965,000 $ - $ 2,525,000 $ 25,440,000 $ 2,570,000 $ Compensated absences 152,522 150,181 152,522 150,181 150,181 Total business-type activities long-term liabilities 28,117,522 $ 150,181 $ 2,677,522 $ 25,590,181 $ 2,720,181 $ Beginning Ending Due Within Discretely Presented Component Unit: Balance Additions Reductions Balance One Year First mortgage general obligation bonds 19,485,000 $ - $ 5,885,000 $ 13,600,000 $ 5,955,000 $ Compensated absences 782,546 829,899 807,427 805,018 134,170 Net Pension Liability 6,617,444 1,380,518 1,605,308 6,392,654 - Total discretely presented component unit 26,884,990 $ 2,210,417 $ 8,297,735 $ 20,797,672 $ 6,089,170 $ 50 ---PAGE BREAK--- F. Restatements and Reclassifications Adoption of GASB 84 in the current year reclassified the primary government’s Agency funds to Custodial funds. This change was incorporated into the Statement of Fiduciary Net Position and the Statement of Changes in Fiduciary Net Position. 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. December 31, 2018 Agency Custodial Funds Restated Funds Assets Cash and cash equivalents 19,330,083 $ (45,996) $ 19,284,087 $ Receivables: Taxes 60,796,054 - 60,796,054 Accounts 61,515 (22,396) 39,119 Intergovernmental 6,014,807 - 6,014,807 Total receivables 66,872,376 (22,396) 66,849,980 Investments at fair value: U.S. government securities 25,449 - 25,449 Total investments 25,449 - 25,449 Total assets 86,227,908 (68,392) 86,159,516 Liabilities Payroll withholdings payable 68,392 (68,392) - Intergovernmental payable 100,022 (100,022) - Trust payable 86,059,494 (86,059,494) Payments of tax to other governments - 30,604,329 30,604,329 Total liabilities 86,227,908 (55,623,579) 30,604,329 Net Position Net position held in trust for: Individuals, organizations, and other governments - 55,555,187 55,555,187 Total net position restricted for fiduciary funds - 55,555,187 55,555,187 51 ---PAGE BREAK--- 2018 2019 Unpaid claims, beginning of fiscal year 1,577,776 $ 1,649,106 $ Incurred claims and changes in estimates 11,247,712 14,275,432 Claim payments 11,176,382 13,070,688 Unpaid claims, end of fiscal year 1,649,106 $ 2,853,850 $ The source of revenue is money appropriated from the County General Fund for automobile insurance, and from the money or funds collected on behalf of the County arising from automobile insurance. The funding level for 2019 was $359,969. There were no incurred but not reported claims at December 31, 2019. The cash and cash equivalents at December 31, 2019, were $814,153. 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 2019 was $400,000. Incurred but not reported claims have not been accrued as a liability as of December 31, 2019. The cash and cash equivalents at December 31, 2019, were $102,598. 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 2019 was $11,110,533. The cash and cash equivalents at December 31, 2019, were $8,372,977. 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 2019. 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 2019 was $1,318,833. There were no incurred but not reported claims at December 31, 2019. The cash and cash equivalents at December 31, 2019, were $145,548. 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, 2019, there were four series of Industrial Revenue Bonds outstanding with an aggregate principal amount payable of $70,512,749. 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 $467,500 were made during 2019. 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, 2019 was $885,000 Series 2015A, $315,000 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 was paid in full in 2019. Repayment of this loan was 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 was paid in full in 2019. 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, 2019, was $383,018. Repayment of the loan will be made by using tax increment financing revenues from the Bluffton Road East Economic Development Area. 5. Infrastructure for Stonebridge Business Park Allen County provided certain public infrastructure improvements for the construction of the Stonebridge Business Park. These improvements were financed by a loan from Local Income Tax-Economic Development Fund. The loan outstanding at December 31, 2019, was $4,654,661. Repayment of the loan will be made by using tax increment financing revenues from the Stonebridge and Group Delphi TIF. 6. Infrastructure for Diebold Road Project Allen County provided certain public infrastructure improvements, along with the City of Fort Wayne, under a reimbursement agreement and inter-local agreement for the reconstruction of a portion of Diebold Road. These improvements were financed by a loan from the Local Income Tax-Economic Development Fund. The loan outstanding at December 31, 2019, was $1,008,410. Repayment of the loan will be made by using tax increment financing revenues from the Dupont Coroner TIF. 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 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 2019 was $1,302,934; 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, 2019, 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 apply 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 55 ---PAGE BREAK--- Amount of County Tax Tax Abatement Category Revenues Abated Redevelopment or Rehabilitation of real estate property 1,407,000 $ Business personal property equipment investment 1,100,000 Total 2,507,000 $ 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 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, 2019: The County abated property tax revenues totaling $2,507,000 for year ended December 31, 2019 including the following tax abatements that each exceeded 10% of the total County amount abated: Approximately $1,612,000 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. 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. 56 ---PAGE BREAK--- Amount of County City/Town Tax Revenues Abated Fort Wayne 1,279,000 $ New Haven 130,000 Woodburn 42,000 Monroeville 4,000 Huntertown 6,000 Leo-Cedarville 1,000 Total 1,462,000 $ 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 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, 2019, there are approximately 87 recipients in Allen County with Active IEDC contracts for which almost $38,413,000 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, 2019, 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 $150 million of local income tax revenue was received and allocated to Allen County taxing units during 2019 alone. If you take the $38,413,000 in credits received and divide evenly amongst the average Active Term contract length of 3.8 years, the credit is $10,109,000 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 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 $405,000 during 2019 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 2019. The table below summarizes the taxes that have been abated. 57 ---PAGE BREAK--- H. Other Postemployment Benefits Single-Employer Defined Benefit Healthcare Plan Plan Description 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, 2019, 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. 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 Real Personal Total Governmental Unit Property Tax Property Tax Abated Allen County 545,424 $ 414,032 $ 959,456 $ Fort Wayne 290,330 190,869 481,199 Grabill 22 957 979 Huntertown 1,474 628 2,102 Leo-Cedarville 301 - 301 Monroeville 1,159 528 1,687 New Haven 16,804 32,016 48,820 Total 855,514 $ 639,030 $ 1,494,544 $ No amounts have been received and no amounts are receivable from other governments in association with the forgone tax revenue. 58 ---PAGE BREAK--- Healthcare cost trend rate Health care trend rates have been updated to an initial rate of 7.5% 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. Total OPEB liability 11,079,936 $ Plan fiduciary net position - Plan's net OPEB liability 11,079,936 $ Plan fiduciary net position as a percentage of the total OPEB liability 0.00% Measurement Date December 31, 2019 Actuarial Valuation Date January 1, 2019 with results actuarially projected on a "no gain/no loss" basis to get to the December 31, 2019 measurement date. Liabilities as of January 1, 2019 are based on an actuarial valuation date of January 1, 2019 with no adjustments. 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: 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% Retirees are responsible for the portion of premium rates not covered by the County’s explicit subsidy. Retiree health care coverage continues to the surviving spouse of retirees if 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, 2019, the County contributed $505,493 to the plan. Net OPEB liability of the plan As of December 31, 2019, the most recent actuarial valuation date, the plan was unfunded. The components of the net OPEB liability of the Plan at December 31, 2019 were as follows: OPEB Expense of the Plan OPEB expense of $614,145 must be recognized for the fiscal year ending December 31, 2019. Significant Actuarial Assumptions 59 ---PAGE BREAK--- Total OPEB Liability Balance at December 31, 2018 10,492,917 $ Changes for the year: Service cost 271,610 Interest 432,139 Change of benefit terms - Changes in assumptions 778,441 Differences between expected and actual experience (389,678) Benefit payments (505,493) Net Changes 587,019 Balance at December 31, 2019 11,079,936 $ Current 1% Decrease Discount Rate 1% Increase (2.26%) (3.26%) (4.26%) Net OPEB Liability 12,081,515 $ 11,079,936 $ 10,170,857 $ Current Health 1% Decrease Care Trend Rate 1% Increase Net OPEB Liability 10,464,616 $ 11,079,936 $ 11,801,183 $ 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 interim valuation uses a discount rate of 3.26% as of December 31, 2019 and 4.11% as of January 1, 2019. This change resulted in an increase in liabilities. 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. 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, 2019, calculated using the discount rate assumed of 3.26% and what is would be using a 1% higher (4.26%) and 1% lower (2.26%) discount rate. The following resents the net OPEB liability as of December 31, 2019, 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). 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, 2019 4.11% 3.64% 3.71% 3.64% - 4.11% 4.11% Yield as of December 31, 2019 2.74% 3.26% 2.75% 2.74% - 3.26% 3.26% 60 ---PAGE BREAK--- Fiscal Year End Amortization Dec. 31, 2020 (89,604) $ Dec. 31, 2021 (89,604) Dec. 31, 2022 (89,604) Dec. 31, 2023 (89,604) Dec. 31, 2024 (89,602) Thereafter 55,535 Total (392,483) $ 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. The balances as of December 31, 2019 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 2019 debt payments were made from the Major 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 Initial Annual December 31, 2019 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) $ (18,242) $ Base for year ending December 31, 2019 (389,678) 7 (55,668) (334,010) Changes in assumptions for FYE: Base for year ending December 31, 2018 (990,452) 7 (141,493) (707,466) Base for year ending December 31, 2019 778,441 7 111,206 667,235 Net Difference between projected and actual earnings in OPEB plan investments for FYE: Base for year ending December 31, 2018 - N/A - - Base for year ending December 31, 2019 - N/A - - (89,604) $ (392,483) $ 61 ---PAGE BREAK--- 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 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. 62 ---PAGE BREAK--- 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 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 2019, 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, 2019 was $5,483,867 and was equal to the required contribution for 2019. For 2019, 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, 2019 was $1,124,349. Actuarial Assumptions There were changes in assumptions for the June 30, 2019 actuarial valuation. The actuarial assumptions used in the June 30, 2019 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, 2019 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 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% 4.9% Private Equity 14.0 7.0 Fixed Income - Ex Inflation Linked 20.0 2.5 Fixed Income - Inflation Linked 7.0 1.3 Commodities 8.0 2.0 Real Estate 7.0 6.7 Absolute Return 10.0 2.9 Risk Parity 12.0 5.3 Total 100.0 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 assume the RP-2014 Disabled Mortality Tables, with Social Security generational improvements from 2006 based on the Social Security Administration’s 2014 Trustee Report. 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--- Current 1% Decrease Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) County's proportionate share of the net pension liability 50,233,622 $ 31,278,462 $ 15,468,407 $ Deferred Outflows Deferred Inflows of Resources of Resources Differences between expected and actual experience 828,243 $ - $ Net difference between projected and actual investment earnings on pension plan investments - 1,478,454 Change of assumptions 6,963 3,400,200 Changes in proportion and differences between employer contributions and proportionate share of contributions 26,910 2,014,019 Employer contributions subsequent to the measurement date 2,729,573 - Total 3,591,689 $ 6,892,673 $ Year Ended June 30 2020 (2,064,759) $ 2021 (3,099,628) 2022 (751,376) 2023 (114,794) 2024 - Thereafter - Total (6,030,557) $ Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions As of December 31, 2019, the primary government recorded a pension liability of $31,278,462 for their proportionate share of the net pension liability. The net pension liability was measured as of June 30, 2019, 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, 2019, the primary government’s proportion was .0094638 percent, which was a decrease of .0003258 from its proportion measured as of June 30, 2018. As of December 31, 2019, the Allen County Public Library (discretely presented component unit) reported a liability of $6,392,654 for their proportionate share of the net pension liability. At June 30, 2019, the Library’s portion was .0019342 percent, which was a decrease of .0000138 percent from its proportion measured as of June 30, 2018. For the year ended June 30, 2019, the primary government recognized pension expense of $4,039,684. At June 30, 2019, the primary government reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: The primary government reported $2,729,573 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, 2020. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Current 1% Decrease Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) Library's proportionate share of the net pension liability 10,266,687 $ 6,392,654 $ 3,161,414 $ 65 ---PAGE BREAK--- For the year ended June 30, 2019, the Allen County Public Library (discretely presented component unit) recognized pension expense of $1,011,758. At June 30, 2019, the Library reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: The Allen County Public Library (discretely presented component unit) reported $557,693 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, 2020. 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. Deferred Outflows Deferred Inflows of Resources of Resources Differences between expected and actual experience 169,275 $ - $ Net difference between projected and actual investment investment earnings on pension plan investments - 302,165 Change of assumptions 1,423 694,929 Changes in proportion and differences between employer contributions and proportionate share of contributions - 119,632 Employer contributions subsequent to the measurement date 557,693 - 728,391 $ 1,116,726 $ Year Ended June 30 2020 (304,935) $ 2021 (506,325) 2022 (111,305) 2023 (23,463) 2024 - Thereafter - Total (946,028) $ 66 ---PAGE BREAK--- 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. 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). 67 ---PAGE BREAK--- Inactive plan members or beneficiaries currently receiving benefits 95 Inactive plan members or beneficiaries entitled to but not yet receiving benefits 9 Active plan members 133 Total 237 At December 31, 2019, Plan membership consisted of the following: 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 reduced early retirement benefit is available to members with at least twenty (20) years of credited service any time after attainment of age fifty-two (52) with a reduction of percent (5/12%) for each month by which the early retirement date precedes what would have been the normal retirement date. 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 68 ---PAGE BREAK--- Target Allocation Asset Class Percentage Domestic Large Stocks 30 Domestic Small Stocks 15 Dev. International Stocks 10 Emerging Market Stocks 5 Fixed Income-Core 35 Cash & Equivalents 5 Total 100 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 payments 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. 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, 2019, 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 26.7% of annual payroll. Investment Policy The pension plan’s policy regarding 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 July 29, 2019. Rate of Return For the year ended December 31, 2019, the annual money-weighted rate of return on pension plan investments, net of pension plan expense was 18.57 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 legal document and is governed by the Employer and a trustee. 69 ---PAGE BREAK--- Total pension liability 68,584,762 $ Plan fiduciary net position (57,460,803) Plan's net pension liability 11,123,959 $ Plan fiduciary net position as a percentage of the total pension liability 83.78% Measurement Date December 31, 2019 Valuation Date Assets December 31, 2019 Liabilities December 31, 2019 - Actual member census data as of December 31, 2019 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 Pub-2010 Safety Amount-Weighted Mortality Projected Generationally with Scale MP-2019 (separate employee, retiree, contingent survifor, and disabled retiree tables and male and female tables) 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 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, 2019, the balance of the amounts held by the plan pursuant to the DROP is $512,969. Net Pension Liability of the Plan The components of the net pension liability of the Plan at December 31, 2019 were as follows: Pension Expense of the Plan Pension expense of $3,044,008 must be recognized for the fiscal year ending December 31, 2019. Significant Actuarial Assumptions Discount Rate The discount rate used to measure the total pension liability was 6.75% as of December 31, 2019 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 70 ---PAGE BREAK--- Initial Annual December 31, 2019 Initial Balance Amortization Period Recognition Balance Liability experience losses/(gains): Base for year ending December 31, 2019 1,585,743 $ 5.049 314,071 $ 1,271,672 $ Base for year ending December 31, 2018 321,820 5.216 61,699 198,422 Base for year ending December 31, 2017 1,212,624 5.157 235,141 507,201 Base for year ending December 31, 2016 227,812 5.243 43,451 54,008 Base for year ending December 31, 2015 108,503 5.157 21,040 3,303 Base for year ending December 31, 2014 (430,349) 5.322 (26,039) - Changes in assumptions: Base for year ending December 31, 2019 786,080 $ 5.049 155,690 $ 630,390 $ Base for year ending December 31, 2018 (143,815) 5.216 (27,572) (88,671) Base for year ending December 31, 2017 819,710 5.157 158,951 342,857 Base for year ending December 31, 2016 (544,042) 5.243 (103,765) (128,982) Base for year ending December 31, 2015 732,983 5.157 142,134 22,313 Base for year ending December 31, 2014 1,239,380 5.322 74,985 - Investment losses/(gains): Base for year ending December 31, 2019 (5,715,945) $ 5.000 (1,143,189) $ (4,572,756) $ Base for year ending December 31, 2018 5,640,467 5.000 1,128,093 3,384,281 Base for year ending December 31, 2017 (2,859,279) 5.000 (571,856) (1,143,711) Base for year ending December 31, 2016 (947,387) 5.000 (189,477) (189,479) Base for year ending December 31, 2015 3,587,780 5.000 717,556 - 990,913 $ 290,848 $ Fiscal Year End Amortization Dec. 31, 2020 86,851 $ Dec. 31, 2021 296,369 Dec. 31, 2022 550,668 Dec. 31, 2023 (666,058) Dec. 31, 2024 23,018 Thereafter - 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 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, 2019, the deferred outflows/(inflows) of resources based on obligations for the plan are as follows: The balances as of December 31, 2019 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 76,625,179 $ 68,584,762 $ 61,832,745 $ Plan Fiduciary Net Position 57,460,803 57,460,803 57,460,803 Net Pension Liability 19,164,376 $ 11,123,959 $ 4,371,942 $ 71 ---PAGE BREAK--- Inactive plan members or beneficiaries currently receiving benefits 5 Inactive plan members or beneficiaries entitled to but not yet receiving benefits - Active plan members 133 Total 138 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, 2019, 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 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 5.049 years, the average remaining service of all members with any liability in the plan as of January 1, 2019. The change in net pension liability due to investment losses/(gains) has been amortized over 5.000 years as prescribed. Assumption changes: The changes in assumptions for base year ending December 31, 2019 reflect the change from the use of 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) to the Pub-2010 Safety Amount-Weighted Mortality Projected with Scale MP-2019 (separate employee, retiree, contingent survivor, and disabled retiree tables and male and female tables). 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 relfect the cahnge from the use of the 2015 IRS Combined Mortality 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 discount rate and salary scale of 6.75% and 4.00%. 72 ---PAGE BREAK--- Target Allocation Asset Class Percentage Domestic Large Stocks 30 Domestic Small Stocks 15 Dev. International Stocks 10 Emerging Market Stocks 5 Fixed Income-Core 35 Cash & Equivalents 5 Total 100 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 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. In addition to surviving spouse’s death benefit, a benefit shall be payable on behalf of each dependent child under the age of eighteen (18) years of such deceased member in an amount equal to two hundred dollars ($200) per month. The dependent child’s benefit will cease upon the earlier of the child’s eighteenth (18th) birthday or date of death. 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, 2019, the actuarially determined Employer’s contribution rate was 1.8% 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 July 29, 2019. 73 ---PAGE BREAK--- Total pension liability 2,255,541 $ Plan fiduciary net position (2,471,303) Plan's net pension liability (215,762) $ Plan fiduciary net position as a percentage of the total pension liability 109.57% Rate of Return For the year ended December 31, 2019, the annual money-weighted rate of return on pension plan investments, net of pension plan expense was 18.61 percent. The money- weighted rate of return expresses investment performance, net of investment expense, adjusted for the changing amounts actually invested. Net Pension Liability of the Plan The components of the net pension liability of the Plan at December 31, 2019 were as follows: Pension Expense of the Plan Pension expense of $122,172 must be recognized for the fiscal year ending December 31, 2019. Significant Actuarial Assumptions Discount Rate The discount rate used to measure the total pension liability was 6.75% as of December 31, 2019 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: Measurement Date December 31, 2019 Valuation Date Assets December 31, 2019 Liabilities December 31, 2019 - Actual member census data as of December 31, 2019 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 Pub-2010 Safety Amount-Weighted Mortality Projected Generationally with Scale MP-2019 (separate employee, retiree, contingent survivor, and disabled retiree and male and female tables) Line of Duty Death Assumption 10% of active participant deaths are assumed to occur in line of duty 74 ---PAGE BREAK--- Current 1% Decrease Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) Total Pension Liability 2,549,535 $ 2,255,541 $ 2,009,893 $ Plan Fiduciary Net Position 2,471,303 2,471,303 2,471,303 Net Pension Liability (Asset) 78,232 $ (215,762) $ (461,410) $ Initial Annual December 31, 2019 Initial Balance Amortization Period Recognition Balance Liability experience losses/(gains): Base for year ending December 31, 2019 (198,250) $ 8.651 (22,916) $ (175,334) $ Base for year ending December 31, 2018 (132,531) 8.963 (14,786) (102,959) Base for year ending December 31, 2017 234,333 8.897 26,338 155,319 Base for year ending December 31, 2016 (110,212) 8.982 (12,270) (61,132) Base for year ending December 31, 2015 (142,295) 8.846 (16,086) (61,865) Base for year ending December 31, 2014 83,472 9.086 9,187 28,350 Changes in assumptions: Base for year ending December 31, 2019 (75,009) $ 8.651 (8,671) $ (66,338) $ Base for year ending December 31, 2018 5,109 8.963 570 3,969 Base for year ending December 31, 2017 (9,204) 8.897 (1,035) (6,099) Base for year ending December 31, 2016 (2,828) 8.982 (315) (1,568) Base for year ending December 31, 2015 63,730 8.846 7,204 27,710 Base for year ending December 31, 2014 48,929 9.086 5,385 16,619 Investment losses/(gains): Base for year ending December 31, 2019 (239,192) $ 5.000 (47,838) $ (191,354) $ Base for year ending December 31, 2018 226,981 5.000 45,396 136,189 Base for year ending December 31, 2017 (115,095) 5.000 (23,019) (46,038) Base for year ending December 31, 2016 (29,592) 5.000 (5,918) (5,920) Base for year ending December 31, 2015 152,520 5.000 30,504 - (28,270) $ (350,451) $ Fiscal Year End Amortization Dec. 31, 2020 (58,776) $ Dec. 31, 2021 (52,856) Dec. 31, 2022 (29,836) Dec. 31, 2023 (87,181) Dec. 31, 2024 (32,860) Thereafter (88,942) 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 8.651 years, the average remaining service of all members with any liability in the plan as of January 1, 2019. The change in net pension liability due to investment losses/(gains) has been amortized over 5.0 years as prescribed. Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At December 31, 2019, the deferred outflows/(inflows) of resources based on obligations for the Plan are as follows: The balances as of December 31, 2019 of the deferred outflows/(inflows) of resources will be recognized in pension expense as follows: Assumption changes: The changes in assumptions for base year ending December 31, 2019 reflect the change from the use of 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) to the Pub-2010 Safety Amount-Weighted Mortality Projected Generationally with Scale MP-2019 (separate employee, retiree, contingent survivor, and disabled retiree tables and male and female tabes). 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 75 ---PAGE BREAK--- 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 discount rate and salary scale of 6.75% and 4.00%. 76 ---PAGE BREAK--- 3. Financial Statements for Defined Benefit Plans County Police County Police Retirement Plan Benefit Plan Assets Cash and cash equivalents 4,203,743 $ 104,392 $ Receivables: County contributions - - Employee contributions - - Transfers into trust - 32,765 Accrued interest and dividends 5,070 116 Total receivables 5,070 32,881 Investments: Fixed income securities 21,684,509 912,209 Domestic and foreign equities 31,609,181 1,421,821 Total investments 53,293,690 2,334,030 Total Assets 57,502,503 2,471,303 Liabilities Payables: Net benefits due and unpaid/(overpaid) 8,935 - Transfers out of trust 32,765 - Other - - Total Liabilities 41,700 - Net position restricted for Pensions 57,460,803 $ 2,471,303 $ STATEMENT OF FIDUCIARY NET POSITION 77 ---PAGE BREAK--- County Police County Police Retirement Plan Benefit Plan Additions Contributions: Employer 2,531,595 $ 155,497 $ Employee 260,395 - Transfer in trust - 32,765 Total contributions 2,791,990 188,262 Investment Income: Interest and Dividends 1,500,674 63,034 Net increase in fair value of investments 7,491,519 314,616 Less investment expense - - Net investment income 8,992,193 377,650 Miscellaneous 2,025 84 Total additions 11,786,208 565,996 Deductions Benefit payments (including refunds of employee contributions) 2,917,623 64,601 Administrative expense 92,657 1,241 Transfers out of trust - 32,765 Total deductions 3,010,280 98,607 Net increase in Net Pension 8,775,928 467,389 Net Position Restricted for Pensions Beginning of year 48,684,875 2,003,914 End of year 57,460,803 $ 2,471,303 $ STATEMENT OF CHANGES IN FIDUCIARY NET POSITION 78 ---PAGE BREAK--- County Police Retirement Plan ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN THE COUNTY'S NET PENSION LIABILITY AND RELATED RATIOS Last 10 Years* 2019 2018 2017 2016 2015 Total Pension liability Service Cost 1,227,784 $ 1,177,687 $ 1,023,466 $ 979,124 $ 902,114 $ Interest 4,271,323 4,095,244 3,810,038 3,704,007 3,533,405 Changes in plan provisions - - 18,385 - - Difference between expected and actual experience 1,585,743 321,820 1,212,624 227,812 108,503 Change in assumptions 786,080 (143,815) 819,710 (544,042) 732,983 Benefit payments (2,917,624) (2,862,731) (2,754,592) (2,941,827) (2,690,363) Net change in Total Pension Liability 4,953,306 2,588,205 4,129,631 1,425,074 2,586,642 Total pension liability - beginning of year 63,631,456 61,043,251 56,913,620 55,488,546 52,901,904 Total pension liability - end of year 68,584,762 $ 63,631,456 $ 61,043,251 $ 56,913,620 $ 55,488,546 $ Plan fiduciary net position County contributions 2,531,595 $ 2,230,101 $ 2,093,845 $ 1,940,126 $ 1,913,674 $ Employee contributions 260,396 251,144 225,547 236,520 196,306 Net transfers into (out of) trust - - (64,719) - (13,964) Net investment income 8,994,194 (2,191,813) 5,940,799 3,817,637 (623,338) Benefit payments (2,917,624) (2,862,731) (2,754,592) (2,941,827) (2,690,363) Administrative expenses (92,633) (86,476) (106,541) (95,041) (87,552) Other - - 64,719 - 13,964 Net change in Plan Fiduciary Net Position 8,775,928 (2,659,775) 5,399,058 2,957,415 (1,291,273) Plan fiduciary net position - beginning of year 48,684,875 51,344,650 45,945,592 42,988,177 44,279,450 Plan fiduciary net position - end of year 57,460,803 $ 48,684,875 $ 51,344,650 $ 45,945,592 $ 42,988,177 $ Net Pension Liability (Asset) - End of Year - 11,123,959 $ 14,946,581 $ 9,698,601 $ 10,968,028 $ 12,500,369 $ Plan fiduciary net position as a percentage of the total pension liability 83.78% 76.51% 84.11% 80.73% 77.47% Covered-employee payroll 9,600,480 8,777,206 8,424,630 7,311,096 6,869,667 Net pension liability as a percentage of covered-employee payroll 115.87% 170.29% 115.12% 150.02% 181.96% Notes to Schedule: *Information presented for the years information is available The notes to RSI are an integral part of RSI 79 ---PAGE BREAK--- County Police Retirement Plan (continued) ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN THE COUNTY'S NET PENSION LIABILITY AND RELATED RATIOS Last 10 Years* Total Pension liability Service Cost Interest Changes in plan provisions Difference between expected and actual experience Change in assumptions Benefit payments Net change in Total Pension Liability Total pension liability - beginning of year Total pension liability - end of year Plan fiduciary net position County contributions Employee contributions Net transfers into (out of) trust Net investment income Benefit payments Administrative expenses Other Net change in Plan Fiduciary Net Position Plan fiduciary net position - beginning of year Plan fiduciary net position - end of year Net Pension Liability (Asset) - End of Year - Plan fiduciary net position as a percentage of the total pension liability Covered-employee payroll Net pension liability as a percentage of covered-employee payroll Notes to Schedule: *Information presented for the years information is availab The notes to RSI are an integral part of RSI 2014 901,082 $ 3,489,167 - (430,349) 1,239,380 (2,708,792) 2,490,488 50,411,416 52,901,904 $ 1,880,580 $ 186,665 - 2,669,670 (2,708,792) (104,620) - 1,923,503 42,355,947 44,279,450 $ 8,622,454 $ 83.70% 6,456,147 133.55% 80 ---PAGE BREAK--- County Police Benefit Plan ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN THE COUNTY'S NET PENSION LIABILITY AND RELATED RATIOS Last 10 Years* 2019 2018 2017 2016 2015 Total pension liability Service Cost 125,970 $ 118,463 $ 87,624 $ 83,300 $ 73,017 $ Interest 161,773 155,722 127,583 125,214 121,101 Changes in plan provisions - - 10,367 - - Difference between expected and actual experience (198,250) (132,531) 234,333 (110,212) (142,295) Change in assumptions (75,009) 5,109 (9,204) (2,828) 63,730 Benefit payments (64,601) (64,661) (64,661) (64,781) (65,021) Net change in Total Pension Liability (50,117) 82,102 386,042 30,693 50,532 Total pension liability - beginning of year 2,305,658 2,223,556 1,837,514 1,806,821 1,756,289 Total pension liability - end of year 2,255,541 $ 2,305,658 $ 2,223,556 $ 1,837,514 $ 1,806,821 $ Plan fiduciary net position County contributions 155,497 $ 81,356 $ 86,292 $ 93,510 $ 55,854 $ Employee contributions N/A N/A N/A N/A N/A Net transfers into (out of) trust - - - - Net investment income 377,734 (86,368) 238,410 141,729 (38,491) Benefit payments (64,601) (64,661) (64,661) (64,781) (65,021) Administrative expenses (1,241) (1,146) (1,062) (947) (843) Other - - - - - Net change in Plan Fiduciary Net Position 467,389 (70,819) 258,979 169,511 (48,501) Plan fiduciary net position - beginning of year 2,003,914 2,074,733 1,815,754 1,646,243 1,694,744 Plan fiduciary net position - end of year 2,471,303 $ 2,003,914 $ 2,074,733 $ 1,815,754 $ 1,646,243 $ Net Pension Liability (Asset) - End of Year - (215,762) $ 301,744 $ 148,823 $ 21,760 $ 160,578 $ Plan fiduciary net position as a percentage of the total pension liability 109.57% 86.91% 93.31% 98.82% 91.11% Covered-employee payroll 9,600,480 8,777,206 8,424,630 7,311,096 6,869,667 Net pension liability as a percentage of covered-employee payroll (2.25%) 3.44% 1.77% 0.30% 2.34% Notes to Schedule: *Information presented for the years information is available The notes to RSI are an integral part of RSI 81 ---PAGE BREAK--- County Police Benefit Plan (continued) ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN THE COUNTY'S NET PENSION LIABILITY AND RELATED RATIOS Last 10 Years* Total pension liability Service Cost Interest Changes in plan provisions Difference between expected and actual experience Change in assumptions Benefit payments Net change in Total Pension Liability Total pension liability - beginning of year Total pension liability - end of year Plan fiduciary net position County contributions Employee contributions Net transfers into (out of) trust Net investment income Benefit payments Administrative expenses Other Net change in Plan Fiduciary Net Position Plan fiduciary net position - beginning of year Plan fiduciary net position - end of year Net Pension Liability (Asset) - End of Year - Plan fiduciary net position as a percentage of the total pension liability Covered-employee payroll Net pension liability as a percentage of covered-employee payroll Notes to Schedule: *Information presented for the years information is ava The notes to RSI are an integral part of RSI 2014 54,354 $ 108,193 - 83,472 48,929 (65,291) 229,657 1,526,632 1,756,289 $ 70,445 $ N/A - 99,777 (65,291) (703) - 104,228 1,590,516 1,694,744 $ 61,545 $ 96.50% 6,456,147 0.95% 82 ---PAGE BREAK--- 2019 2018 2017 2016 2015 County Police Retirement Plan Actuarially determined contribution** 2,244,370 $ 1,968,441 $ 1,940,644 $ 1,793,068 $ 1,770,122 $ County contributions recognized 2,531,595 2,230,101 2,093,845 1,940,126 1,913,674 Contribution deficiency (excess) (287,225) $ (261,660) $ (153,201) $ (147,058) $ (143,552) $ Covered - employee payroll 8,777,206 $ 8,424,630 $ 7,311,096 $ 6,869,667 $ 6,456,147 $ Contributions recognized as a percentage of covered-employee payroll 28.84% 26.47% 28.64% 28.24% 29.64% 2014 2013 2012 2011 2010 County Police Retirement Plan Actuarially determined contribution** 1,744,741 $ 1,699,803 $ 1,593,248 $ 1,719,383 $ 1,712,696 $ County contributions recognized 1,880,580 1,832,170 1,723,869 1,865,658 1,881,767 Contribution deficiency (excess) (135,839) $ (132,367) $ (130,621) $ (146,275) $ (169,071) $ Covered - employee payroll 6,309,482 $ 6,183,034 $ 6,118,166 $ 5,983,558 $ 6,250,714 $ Contributions recognized as a percentage of covered-employee payroll 29.81% 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 3.00% 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 Mortality date RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Projection Scale MP-2017 (separate employee and annuitant tables and male and female tables) Other Information: None *Schedule presented for years information available The notes to RSI are an integral part of RSI 5-Year Asset Smooting, limited to 80% and 120% of market value ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF COUNTY CONTRIBUTIONS Last 10 Years* 83 ---PAGE BREAK--- 2019 2018 2017 2016 2015 County Police Benefit Plan Actuarially determined contribution** 155,497 $ 81,356 $ 86,292 $ 93,510 $ 55,854 $ County contributions recognized 155,497 81,356 86,292 93,510 55,854 Contribution deficiency (excess) - $ - $ - $ - $ - $ Covered - employee payroll 8,777,206 $ 8,424,630 $ 7,311,096 $ 6,869,667 $ 6,456,147 $ Contributions recognized as a percentage of covered-employee payroll 1.77% 0.97% 1.18% 1.36% 0.87% 2014 2013 2012 2011 2010 County Police Benefit Plan Actuarially determined contribution** 70,445 $ 89,939 $ 103,962 $ 85,351 $ 88,233 $ County contributions recognized 70,445 89,939 103,962 85,351 88,233 Contribution deficiency (excess) - $ - $ - $ - $ - $ Covered - employee payroll 6,309,482 $ 6,183,034 $ 6,118,166 $ 5,983,558 $ 6,250,714 $ Contributions recognized as a percentage of covered-employee payroll 1.12% 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 3.00% Salary increases 4.00% average, including inflation Investment rate of return 6.75% Retirement age date Mortality RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Projection Scale MP-2017 (separate employee and annuitant tables and male and female tables) Other Information: *Schedule presented for years information available The notes to RSI are an integral part of RSI 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 84 ---PAGE BREAK--- 2019 2018 2017 2016 2015 County Police Retirement Plan Annual money-weighted rate of return 18.57% (4.30%) 13.04% 9.00% (1.43%) 2014 2013 2012 2011 2010 Annual money-weighted rate of return 6.35% 14.90% 10.30% (1.40%) 12.40% The notes to RSI are an integral part of RSI ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF INVESTMENT RETURNS Last 10 Fiscal Years 85 ---PAGE BREAK--- 2019 2018 2017 2016 2015 County Police Benefit Plan Annual money-weighted rate of return 18.61% (4.24%) 13.17% 8.59% (2.35%) 2014 2013 Annual money-weighted rate of return 6.29% 14.80% *Schedule presented for the years information available. The notes to RSI are an integral part of RSI ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF INVESTMENT RETURNS Last 10 Fiscal Years* 86 ---PAGE BREAK--- 2019 2018 2017 2016 2015 Indiana Public Retirement System Proportion of the net pension liability (asset) 0.94638% 0.97896% 1.03440% 1.01058% 1.12838% Proportionate share of the net pension liability (asset) 31,278,462 $ 33,255,714 $ 46,150,206 $ 45,864,613 $ 45,957,812 $ Covered payroll 49,307,329 $ 49,952,345 $ 51,318,423 $ 48,432,812 $ 54,047,347 $ Proportionate share of the net pension liability (asset) as a percentage of its covered payroll 63.44% 66.57% 89.93% 94.70% 85.03% Plan fiduciary net position as a percentage of the total pension liability 80.10% 78.89% 76.60% 75.30% 77.30% 2014 Proportion of the net pension liability (asset) 1.06157% Proportionate share of the net pension liability (asset) 27,897,371 $ Covered payroll 51,829,153 $ Proportionate share of the net pension liability (asset) as a percentage of its covered payroll 53.83% Plan fiduciary net position as a percentage of the total pension liability 84.30% *Schedule presented for years information available The notes to RSI are an integral part of RSI ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF PROPORTIONATE SHARE OF NET PENSION LIABILITY AND RELATED RATIOS Last 10 Fiscal Years* 87 ---PAGE BREAK--- 2019 2018 2017 2016 2015 Indiana Public Retirement System Statutorily required contribution 5,483,867 $ 5,515,477 $ 5,518,762 $ 5,488,388 $ 5,685,565 $ Actual county contributions 5,483,867 5,515,477 5,518,762 5,488,388 5,685,565 Contribution deficiency (excess) - $ - $ - $ - $ - $ Covered - employee payroll 49,274,495 $ 49,713,002 $ 49,069,627 $ 49,372,626 $ 51,114,972 $ Contributions recognized as a percentage of covered-employee payroll 11.13% 11.09% 11.25% 11.12% 11.12% 2014 Statutorily required contribution 5,324,298 $ Actual county contributions 5,324,298 Contribution deficiency (excess) - $ Covered - employee payroll 52,395,423 $ Contributions recognized as a percentage of covered-employee payroll 10.16% *Schedule presented for years information available The notes to RSI are an integral part of RSI ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF EMPLOYER CONTRIBUTIONS - INPRS (PERF) Last 10 Years* 88 ---PAGE BREAK--- SCHEDULE OF CHANGES IN THE COUNTY'S NET OTHER POST EMPLOYMENT BENEFITS Allen County Retiree Healthcare Plan (OPEB) 2019 2018 Total OPEB liability Service Cost 271,610 $ 341,940 $ Interest 432,139 391,011 Changes in benefit terms - - Difference between expected and actual experience (389,678) (25,540) Change in assumptions 778,441 (990,452) Benefit payments (505,493) (493,210) Net change in Total OPEB Liability 587,019 (776,251) Total OPEB liability - beginning of year 10,492,917 11,269,168 Total OPEB liability - end of year 11,079,936 $ 10,492,917 $ Covered-employee payroll 73,179,394 69,936,508 Total OPEB liability as a percentage of covered-employee payroll 15.10% 15.00% Notes to Schedule: *Information presented for the years information is available The notes to RSI are an integral part of RSI ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION LIABILITY AND RELATED RATIOS LAST 10 YEARS * 89 ---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 80,847,591 $ 80,847,591 $ 82,675,034 $ 1,827,443 $ - $ - $ - $ - $ Licenses and permits 2,170,000 2,170,000 2,942,616 772,616 - - - - Intergovernmental 13,188,720 13,188,720 17,256,593 4,067,873 - - - - Charges for services 4,124,400 4,124,400 4,626,351 501,951 - - - - Fines and forfeits 1,150,000 1,150,000 939,840 (210,160) - - - - Other 2,317,000 2,317,000 3,680,326 1,363,326 200,000 200,000 420,613 220,613 Total revenues 103,797,711 103,797,711 112,120,760 8,323,049 200,000 200,000 420,613 220,613 Expenditures: Current: General government 45,454,596 45,657,883 42,401,038 3,256,845 - - - - Public safety 50,276,003 55,713,024 53,680,280 2,032,744 - - - - Highway and streets - - - - - 1,400,000 - 1,400,000 Health and welfare 6,563,956 6,652,819 6,587,720 65,099 - - - - Culture and recreation 593,893 583,893 535,319 48,574 - - - - Economic development - - - - - - - - Total expenditures 102,888,448 108,607,619 103,204,357 5,403,262 - 1,400,000 - 1,400,000 Other financing sources (uses): Transfers In 43,600 43,600 74,000 30,400 340,000 340,000 340,000 - Transfers Out (180,000) (180,000) (180,000) - - - - - Total other financing sources (uses) (136,400) (136,400) (106,000) 30,400 340,000 340,000 340,000 - Net change in fund balances 772,863 (4,946,308) 8,810,403 13,756,711 540,000 (860,000) 760,613 1,620,613 Fund balances - beginning 29,824,702 29,824,702 29,824,702 - 15,254,016 15,254,016 15,254,016 - Fund balances - December 31 30,597,565 $ 24,878,394 $ 38,635,105 $ 13,756,711 $ 15,794,016 $ 14,394,016 $ 16,014,629 $ 1,620,613 $ The notes to RSI are an integral part of RSI General Fund Budgeted Amounts Rainy Day Fund Budgeted Amounts ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION BUDGETARY COMPARISON SCHEDULES - GENERAL FUND AND MAJOR SPECIAL REVENUE FUNDS For The Year Ended December 31, 2019 90 ---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) 8,810,403 $ 760,613 $ Adjustments: To adjust revenues for accruals 273,742 209,651 To adjust expenditures for accruals (249,905) - Net change in fund balances (GAAP basis) The notes to RSI are an integral part of RSI 8,834,240 $ 970,264 $ 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, 2019 91 ---PAGE BREAK--- ALLEN COUNTY 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 cash outflows, which is a non-GAAP basis. 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. 92 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 Local Income Tax - County Local Road Service of County Assets Public Safety Highway and Street Process Health Cash and cash equivalents 1,133,292 $ 3,953,899 $ 1,882,401 $ - $ 2,355,529 $ Investments - 772,971 278,733 - 303,430 Receivables (net of allowances for uncollectibles): Interest - 16,962 - - 4,894 Taxes 1,160,008 124,458 - - 157,193 Accounts - 45,254 - - 13,935 Special assessments - - - - - Intergovernmental - 5,056 - - 550 Interfund receivables: Interfund loans - - - - - Assets held for resale - - - - - Total assets 2,293,300 $ 4,918,600 $ 2,161,134 $ - $ 2,835,531 $ Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable - $ 338,936 $ 566,898 $ - $ 20,044 $ Accrued payroll and withholdings payable - 258,828 - - 176,325 Interfund payables: Interfund loans - 340,000 - - - Total liabilities - 937,764 566,898 - 196,369 Deferred inflows of resources: Unavailable revenue - property taxes - - - - 103,196 Unavailable revenue - license excise taxes - - - - 53,997 Unavailable revenue - income taxes 1,160,008 - - - - Total deferred inflows of resources 1,160,008 - - - 157,193 Fund balances: Nonspendable fund balance - $ - $ - $ - $ - $ Restricted fund balance 1,133,292 3,980,836 1,594,236 - 2,481,969 Committed fund balance - - - - - Assigned fund balance - - - - - Unassigned fund balance - - - - - Total fund balances 1,133,292 3,980,836 1,594,236 - 2,481,969 Total liabilities, deferred inflows of resources, and fund balances 2,293,300 $ 4,918,600 $ 2,161,134 $ - $ 2,835,531 $ 93 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 10,307 $ 86,553 $ 220,243 $ 19,347 $ - 13,461 23,986 - - 217 387 - - - - - - 7,482 19,891 3,831 - - - - 6,378 - - - - - - - - - - - 16,685 $ 107,713 $ 264,507 $ 23,178 $ - $ 3,536 $ - $ - $ - - 23,493 - - - - - - 3,536 23,493 - - - - - - - - - - - - - - - - - - $ - $ - $ - $ 16,685 104,177 241,014 23,178 - - - - - - - - - - - - 16,685 104,177 241,014 23,178 16,685 $ 107,713 $ 264,507 $ 23,178 $ 94 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 992,518 $ 22,902 $ 2,544 $ 922,043 $ 5,198,105 $ - - - 137,229 748,090 - - - 2,213 - - - - - - 30,682 - 5,300 98,450 - - - - - 19,148 - - - - - - - - - - - - - - - 1,023,200 $ 22,902 $ 7,844 $ 1,159,935 $ 5,965,343 $ - $ 3,004 $ 4,314 $ 24,146 $ 33,184 $ 5,703 - - 24,154 - - - - - - 5,703 3,004 4,314 48,300 33,184 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 1,017,497 19,898 3,530 1,111,635 5,932,159 - - - - - - - - - - - - - - - 1,017,497 19,898 3,530 1,111,635 5,932,159 1,023,200 $ 22,902 $ 7,844 $ 1,159,935 $ 5,965,343 $ 95 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 884,257 $ 1,316 $ 71,275 $ 20,671 $ 34,240 $ - - - - - - - - - - - - - - - - 786 3,454 - - - - - - - - - - 1,252 - - - - - - - - - - - 884,257 $ 2,102 $ 74,729 $ 21,923 $ 34,240 $ - $ - $ - $ - $ - $ - 7,253 - - - - - - - - - 7,253 - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 884,257 - 74,729 21,923 34,240 - - - - - - - - - - - (5,151) - - - 884,257 (5,151) 74,729 21,923 34,240 884,257 $ 2,102 $ 74,729 $ 21,923 $ 34,240 $ 96 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 3,701 $ 1,049,253 $ 60,367 $ 2,635,062 $ 11,616 $ - - 8,984 390,671 - - - - 6,301 - - - - - - - - - 5 4,428 - - - - - - - - - - - - - - - - - - - - 3,701 $ 1,049,253 $ 69,351 $ 3,032,039 $ 16,044 $ 59,696 $ 3,999 $ - $ 3,258 $ 9,915 $ 132,984 76,456 - - - - - - - - 192,680 80,455 - 3,258 9,915 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - 968,798 69,351 3,028,781 6,129 - - - - - - - - - - (188,979) - - - - (188,979) 968,798 69,351 3,028,781 6,129 3,701 $ 1,049,253 $ 69,351 $ 3,032,039 $ 16,044 $ 97 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 69,436 $ 584,432 $ 282,654 $ 256,257 $ 13,453 $ - 87,078 41,906 - - - 1,405 676 - - - - - - - - 22 - - - - - - - - - - - - - - - - - - - - - - - 69,436 $ 672,937 $ 325,236 $ 256,257 $ 13,453 $ - $ 1,486 $ - $ - $ - $ - - - - - - - - - - - 1,486 - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 69,436 671,451 - 256,257 13,453 - - 325,236 - - - - - - - - - - - - 69,436 671,451 325,236 256,257 13,453 69,436 $ 672,937 $ 325,236 $ 256,257 $ 13,453 $ 98 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 Record Drug Free Public Defender Check and Check Plat Book Community Services Connect 101,829 $ 432,774 $ 166,571 $ 141,806 $ - $ - - - - - - - - - - - - - - - 3,106 2,681 13,439 4,593 - - - - - - - - - 16,684 - - - - - - - - - - - 104,935 $ 435,455 $ 180,010 $ 163,083 $ - $ - $ - $ - $ 5,125 $ - $ 1,236 7,260 - - 10,777 - - - - 47,049 1,236 7,260 - 5,125 57,826 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 103,699 428,195 180,010 157,958 - - - - - - - - - - - - - - - (57,826) 103,699 428,195 180,010 157,958 (57,826) 104,935 $ 435,455 $ 180,010 $ 163,083 $ - $ 99 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 355,746 $ 1,827 $ 291,285 $ 8,755 $ 50,382 $ - - - 1,256 - - - - - - - - - - - 67,381 - 17 - 634 - - - - - 4,565 - 8,897 - - - - - - - - - - - - 427,692 $ 1,827 $ 300,199 $ 10,011 $ 51,016 $ 5,775 $ - $ 4,697 $ - $ - $ 8,317 - 9,793 - - - - - - - 14,092 - 14,490 - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - 1,827 - 10,011 51,016 413,600 - 285,709 - - - - - - - - - - - - 413,600 1,827 285,709 10,011 51,016 427,692 $ 1,827 $ 300,199 $ 10,011 $ 51,016 $ 100 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 23,380 $ 356,489 $ 173,839 $ - $ 460,934 $ 3,546 - 26,003 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 26,926 $ 356,489 $ 199,842 $ - $ 460,934 $ - $ 2,591 $ - $ - $ - $ - 3,697 - - - - - - - - - 6,288 - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 26,926 350,201 199,842 - - - - - - 460,934 - - - - - - - - - - 26,926 350,201 199,842 - 460,934 26,926 $ 356,489 $ 199,842 $ - $ 460,934 $ 101 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 62,479 $ 52,219 $ 1,328 $ 414,423 $ 44,039 $ - - - - - - - - - - - - - - - - 933 2,547 42,231 1,055 - - - - - - - - 18,085 - - - - - - - - - - - 62,479 $ 53,152 $ 3,875 $ 474,739 $ 45,094 $ - $ 9,900 $ - $ 9,208 $ - $ - - - 26,798 - - - - - - - 9,900 - 36,006 - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 62,479 - 3,875 438,733 45,094 - 43,252 - - - - - - - - - - - - - 62,479 43,252 3,875 438,733 45,094 62,479 $ 53,152 $ 3,875 $ 474,739 $ 45,094 $ 102 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 222,960 $ 24,024 $ - $ - $ 13,784 $ - - - - - - - - - - - - - - - 24,034 1,920 - - - - - - - - - - - - - - - - - - - - - - - 246,994 $ 25,944 $ - $ - $ 13,784 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 246,994 25,944 - - 13,784 - - - - - - - - - - - - - - - 246,994 25,944 - - 13,784 246,994 $ 25,944 $ - $ - $ 13,784 $ 103 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 $ 62,860 $ 18,492 $ 57,457 $ 134,789 $ - 9,826 - 8,519 - - - - - - - - - - - - - - - - - - - - - - - 27,850 - - - - - - - - - - - - 6,976 $ 72,686 $ 46,342 $ 65,976 $ 134,789 $ - $ - $ - $ - $ - $ - - 23,052 - - - - - - - - - 23,052 - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 6,976 72,686 23,290 65,976 - - - - - 134,789 - - - - - - - - - - 6,976 72,686 23,290 65,976 134,789 6,976 $ 72,686 $ 46,342 $ 65,976 $ 134,789 $ 104 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 9,889 $ 30,647 $ 11,147 $ 1,163,885 $ 371,928 $ 1,466 4,665 1,652 - - - 75 - - - - - - - - - 687 - 19,083 42,860 - - - - - - - - - - - - - - - - - - - - 11,355 $ 36,074 $ 12,799 $ 1,182,968 $ 414,788 $ - $ - $ - $ 3,732 $ 8,736 $ - - - - 34,073 - - - - - - - - 3,732 42,809 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - 36,074 12,799 1,179,236 371,979 11,355 - - - - - - - - - - - - - - 11,355 36,074 12,799 1,179,236 371,979 11,355 $ 36,074 $ 12,799 $ 1,182,968 $ 414,788 $ 105 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 208,432 $ 62,827 $ 41,431 $ 9,404 $ 16,752 $ 30,668 - - 1,394 2,401 495 - - - - - - - - - 945 - - - - - - - - - - - - - - - - - - - - - - - - 240,540 $ 62,827 $ 41,431 $ 10,798 $ 19,153 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 240,540 62,827 41,431 10,798 19,153 - - - - - - - - - - - - - - - 240,540 62,827 41,431 10,798 19,153 240,540 $ 62,827 $ 41,431 $ 10,798 $ 19,153 $ 106 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 1,469 $ 512,689 $ 264,704 $ 1,329 $ - $ - 64,287 39,287 - - - 1,037 634 - - - - - - - - 77 587 - - - - - - - - 52,530 31,425 - 83,444 - - - - - - - - - - 1,469 $ 630,620 $ 336,637 $ 1,329 $ 83,444 $ - $ 6,191 $ - $ - $ - $ - 26,031 - - 18,401 - - - - 64,747 - 32,222 - - 83,148 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 1,469 - - 1,329 296 - 598,398 336,637 - - - - - - - - - - - - 1,469 598,398 336,637 1,329 296 1,469 $ 630,620 $ 336,637 $ 1,329 $ 83,444 $ 107 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 342,275 $ 4,476 $ 113,440 $ 13,841 $ 7,759 $ - - - - - - - - - - - - - - - - - - - - - - - - - - 1,881 - - - - - - - - - - - - 342,275 $ 6,357 $ 113,440 $ 13,841 $ 7,759 $ 21,518 $ - $ - $ - $ - $ - - - 7,038 - - - - - - 21,518 - - 7,038 - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 320,757 6,357 113,440 6,803 7,759 - - - - - - - - - - - - - - - 320,757 6,357 113,440 6,803 7,759 342,275 $ 6,357 $ 113,440 $ 13,841 $ 7,759 $ 108 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 - $ - $ - $ 981 $ 147,931 $ - - - - - - - - - - - - - - - - - - - - - - - - - 4,045 - 2,714 - - - - - - - - - - - - 4,045 $ - $ 2,714 $ 981 $ 147,931 $ 5,288 $ - $ - $ - $ 10,708 $ - - 2,714 - - - 7,740 4,050 - - 5,288 7,740 6,764 - 10,708 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - - - 981 137,223 - - - - - - - - - - (1,243) (7,740) (4,050) - - (1,243) (7,740) (4,050) 981 137,223 4,045 $ - $ 2,714 $ 981 $ 147,931 $ 109 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 29,016 $ - $ - $ 589 $ 2,454 $ 4,300 - - - - - - - - - - - - - - - - - - - - - - - - - 8,624 - - - - - - - - - - - - - 33,316 $ 8,624 $ - $ 589 $ 2,454 $ - $ - $ - $ - $ - $ - - - - - - 12,545 - - - - 12,545 - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 33,316 - - 589 2,454 - - - - - - - - - - - (3,921) - - - 33,316 (3,921) - 589 2,454 33,316 $ 8,624 $ - $ 589 $ 2,454 $ 110 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 6,265 $ 1,279 $ 9,915 $ 80 $ 82,097 $ - - 1,483 - - - - - - - - - - - - - - - - 6,175 - - - - - - - - - - - - - - - - - - - - 6,265 $ 1,279 $ 11,398 $ 80 $ 88,272 $ - $ - $ - $ - $ - $ 1,022 - - - - - - - - - 1,022 - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 5,243 - - - 88,272 - 1,279 11,398 80 - - - - - - - - - - - 5,243 1,279 11,398 80 88,272 6,265 $ 1,279 $ 11,398 $ 80 $ 88,272 $ 111 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 - $ 113,918 $ 619 $ - $ 23,979 $ - 17,313 - - - - 279 - - - - - - - - - 300 - - - - - - - - - - - 6,441 - - - - - - - - - - - - $ 131,810 $ 619 $ 6,441 $ 23,979 $ - $ - $ - $ - $ - $ - 6,215 - 2,252 - - - - 4,189 - - 6,215 - 6,441 - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - 125,595 619 - 23,979 - - - - - - - - - - - - - - - - 125,595 619 - 23,979 - $ 131,810 $ 619 $ 6,441 $ 23,979 $ 112 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 Volunteer Smoking Sex/Violent Criminal Alien Problem Advocates Ordinance Offender Assistance Solving For Seniors Coordination Admin Program Court 5,668 $ - $ 38,614 $ - $ 14,547 $ 1,714 - 5,563 - 2,803 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 7,382 $ - $ 44,177 $ - $ 17,350 $ 5,899 $ - $ - $ - $ - $ - - 1,081 - - - - - - - 5,899 - 1,081 - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 1,483 - 43,096 - 17,350 - - - - - - - - - - - - - - - 1,483 - 43,096 - 17,350 7,382 $ - $ 44,177 $ - $ 17,350 $ 113 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 Auditor's Sheriff IJC 2016 LIT Refugee Ineligible Training Veterans Special Interpreter/ Deductions Center Court Dist 25% Translator 155,255 $ 3,600 $ 460 $ 1,260,207 $ 17,616 $ 22,794 - - 186,835 - - - - 3,013 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 178,049 $ 3,600 $ 460 $ 1,450,055 $ 17,616 $ 3,080 $ - $ - $ - $ 1,953 $ 2,357 - - - - - - - - - 5,437 - - - 1,953 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 172,612 3,600 460 1,450,055 15,663 - - - - - - - - - - - - - - - 172,612 3,600 460 1,450,055 15,663 178,049 $ 3,600 $ 460 $ 1,450,055 $ 17,616 $ 114 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 Courtools Dept. Commerical Court Reform GIS Influenza Fines Court Law Grant Infrastructure Vaccination Collections Clerk 3,443 $ 64,452 $ - $ 37,713 $ 52,194 $ - 9,556 - - 8,086 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,443 $ 74,008 $ - $ 37,713 $ 60,280 $ - $ - $ - $ - $ 2,354 $ - - - - - - - - - - - - - - 2,354 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 3,443 - - - 57,926 - 74,008 - 37,713 - - - - - - - - - - - 3,443 74,008 - 37,713 57,926 3,443 $ 74,008 $ - $ 37,713 $ 60,280 $ 115 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 Adult ISDH Solid JDAI DUI Probation Syringe Waste Performance Task Force Grant Service Prog User Fees Bonus Grant Enforcement 70,816 $ - $ 2,104,087 $ 5,551 $ - $ - - 312,485 - - - - 5,040 - - - - - - - - - 17 - - - - - - - - 2,015 - - - - - - - - - - - - - 70,816 $ 2,015 $ 2,421,629 $ 5,551 $ - $ 1,110 $ 1,022 $ 27,219 $ - $ - $ 17,291 2,015 20,666 - - - 14,199 - - - 18,401 17,236 47,885 - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 52,415 - 2,373,744 5,551 - - - - - - - - - - - - (15,221) - - - 52,415 (15,221) 2,373,744 5,551 - 70,816 $ 2,015 $ 2,421,629 $ 5,551 $ - $ 116 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 County Radon & Call Fee Revolving Healthy Elected Fund Loan Fund Homes Fund Official Training 115 $ 617,444 $ - $ 305,711 $ - 93,504 - 45,074 - 1,508 - 727 - - - - - - - 6,175 - - - - - - - - - - - - - - - - 115 $ 712,456 $ - $ 357,687 $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ 115 712,456 - 357,687 - - - - - - - - - - - - 115 712,456 - 357,687 115 $ 712,456 $ - $ 357,687 $ 117 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 Family County Prosc IV-D Prosc IV-D County Offender Recovery IV-D Incentive Incentive Transportation Court Incentive Prior to 10/99 Post 10/99 25,043 $ 28,000 $ 82,436 $ 85,065 $ 130,137 $ - - 13,725 12,611 19,857 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 25,043 $ 28,000 $ 96,161 $ 97,676 $ 149,994 $ - $ 2,533 $ - $ - $ 2,424 $ - - 8,645 - 2,072 - - - - - - 2,533 8,645 - 4,496 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 25,043 25,467 87,516 97,676 145,498 - - - - - - - - - - - - - - - 25,043 25,467 87,516 97,676 145,498 25,043 $ 28,000 $ 96,161 $ 97,676 $ 149,994 $ 118 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 Clerk IV-D Incentive Reassessment Clinic County General Drain Post 10/99 2015 Donation Bond Improvement 481,797 $ 1,000,827 $ 10,913 $ 449,923 $ 1,331,006 $ 71,722 137,941 - 29,658 223,690 1,157 2,225 - - 15,673 - 31,111 - 77,778 - - 17 - - - - - - - 13,827 - - - - - - - - - - - - - - - 554,676 $ 1,172,121 $ 10,913 $ 557,359 $ 1,584,196 $ 5,275 $ - $ - $ - $ - $ 2,257 10,263 - - - - - - - - 7,532 10,263 - - - - 20,424 - 51,061 - - 10,687 - 26,717 - - - - - - - 31,111 - 77,778 - - $ - $ - $ - $ - $ 547,144 1,130,747 10,913 479,581 1,584,196 - - - - - - - - - - - - - - - 547,144 1,130,747 10,913 479,581 1,584,196 554,676 $ 1,172,121 $ 10,913 $ 557,359 $ 1,584,196 $ 119 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 Dupont Cumulative Great Batch Special COIT - Diebold Capital CASAD TIF Flood Control TIF Development East TIF 6,921 $ 218,629 $ 192,196 $ 9,921,085 $ 323,494 $ - 32,413 14,237 1,447,934 27,053 - 523 - 23,353 - - - - 153,918 - - - - 112,507 - - - - - - - - - - - - - - - - - - - - - 6,921 $ 251,565 $ 206,433 $ 11,658,797 $ 350,547 $ - $ - $ - $ 99,569 $ - $ - - - - - - - - - - - - - 99,569 - - - - 101,046 - - - - 52,872 - - - - - - - - - 153,918 - - $ - $ - $ - $ - $ 6,921 - 206,433 11,405,310 350,547 - - - - - - 251,565 - - - - - - - - 6,921 251,565 206,433 11,405,310 350,547 6,921 $ 251,565 $ 206,433 $ 11,658,797 $ 350,547 $ 120 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 Pleasant Community Nestle TIF Center Road Development Major Bridge II Bond Construction Argo Drain Corporation 3,659,528 $ 299,329 $ - $ 138,407 $ 258,625 $ 498,959 32,438 - 20,520 39,131 - 523 - - 631 105,614 - - - - - - - - 41 - - - - - 8,835 - - - - - - - - - - - - - - 4,272,936 $ 332,290 $ - $ 158,927 $ 298,428 $ 19,524 $ - $ - $ - $ - $ - - - - 1,477 - - - - - 19,524 - - - 1,477 69,335 - - - - 36,279 - - - - - - - - - 105,614 - - - - - $ - $ - $ - $ - $ 4,147,798 332,290 - 158,927 - - - - - - - - - - 296,951 - - - - - 4,147,798 332,290 - 158,927 296,951 4,272,936 $ 332,290 $ - $ 158,927 $ 298,428 $ 121 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 Tax Woodburn Lincoln Uniroyal Mossman Abatement Industrial Industrial Goodrich Drain Development TIF TIF TIF 17,821 $ 773,405 $ 112,120 $ 182,682 $ 236,510 $ 2,642 114,663 10,819 27,084 7,161 - 1,849 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 20,463 $ 889,917 $ 122,939 $ 209,766 $ 243,671 $ - $ 163,501 $ - $ - $ - $ - - - - - - - - - - - 163,501 - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 20,463 - 122,939 209,766 243,671 - 726,416 - - - - - - - - - - - - - 20,463 726,416 122,939 209,766 243,671 20,463 $ 889,917 $ 122,939 $ 209,766 $ 243,671 $ 122 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 2015 GM 2015B GM 2015A GM 2015A Nestle II General Account Bond Bond Reserve Account Reserve Account 769,036 $ 149,788 $ 397,140 $ 142,489 $ 52,654 $ 30,349 22,193 58,839 21,125 7,807 - - 949 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 799,385 $ 171,981 $ 456,928 $ 163,614 $ 60,461 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 799,385 171,981 456,928 163,614 60,461 - - - - - - - - - - - - - - - 799,385 171,981 456,928 163,614 60,461 799,385 $ 171,981 $ 456,928 $ 163,614 $ 60,461 $ 123 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 Principal and GM 2015B Supplemental Vera Bradley Little River Interest Account Reserve Account TIF TIF Joint Drain 40,940 $ 215,325 $ 30,245 $ 195,284 $ 507,751 $ 6,066 31,923 4,484 15,160 75,272 - 515 - - 1,214 - - - - - - - - - - - - - - 142 - - - - - - - - - - - - - - - 47,006 $ 247,763 $ 34,729 $ 210,444 $ 584,379 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 47,006 247,763 34,729 210,444 584,379 - - - - - - - - - - - - - - - 47,006 247,763 34,729 210,444 584,379 47,006 $ 247,763 $ 34,729 $ 210,444 $ 584,379 $ 124 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 Bandalier Road East Group Delphi Oak Crossing Redevelopment TIF TIF TIF TIF Capital 614,513 $ 124,978 $ 31,185 $ 25,826 $ 5,953,436 $ 62,623 15,183 1,983 3,829 882,637 1,010 - - - 14,236 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 966,088 678,146 $ 140,161 $ 33,168 $ 29,655 $ 7,816,397 $ - $ - $ - $ - $ 4,630 $ - - - - - - 383,018 1,722,898 - - - 383,018 1,722,898 - 4,630 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ 966,088 $ 678,146 - - 29,655 6,845,679 - - - - - - - - - - - (242,857) (1,689,730) - - 678,146 (242,857) (1,689,730) 29,655 7,811,767 678,146 $ 140,161 $ 33,168 $ 29,655 $ 7,816,397 $ 125 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 Sur/Wheel Road Road Coverdale US 24 Tax Bridge TIF II TIF TIF TIF 980,357 $ 142,551 $ 102,307 $ 63,373 $ 38,941 $ 144,949 15,285 15,023 - 5,597 2,338 - - - - - - - - - - - - - - - - - - - 4,793 - - - - - - - - - - - - - - 1,132,437 $ 157,836 $ 117,330 $ 63,373 $ 44,538 $ 6,990 $ - $ - $ - $ - $ - - - - - - - - - - 6,990 - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 1,125,447 157,836 117,330 63,373 44,538 - - - - - - - - - - - - - - - 1,125,447 157,836 117,330 63,373 44,538 1,132,437 $ 157,836 $ 117,330 $ 63,373 $ 44,538 $ 126 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 LOIT Dupont Stonebridge Jail Justice Center Special Corner Business Park Building Building Distribution TIF Project Corporation Corporation 753,802 $ 13,750 $ 14,819 $ - $ - $ 166,759 1,407 - 5,153 - 2,690 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 923,251 $ 15,157 $ 14,819 $ 5,153 $ - $ - $ - $ - $ - $ - $ - - - - - - 1,008,410 2,931,763 - - - 1,008,410 2,931,763 - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 923,251 - - 5,153 - - - - - - - - - - - - (993,253) (2,916,944) - - 923,251 (993,253) (2,916,944) 5,153 - 923,251 $ 15,157 $ 14,819 $ 5,153 $ - $ 127 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2019 (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 Totals 66,150,449 $ 8,090,923 114,749 1,810,080 587,562 33,117 296,064 - 966,088 78,049,032 $ 1,512,968 $ 961,996 6,540,608 9,015,572 345,062 180,552 1,160,008 1,685,622 966,088 68,499,345 3,460,804 548,516 (6,126,915) 67,347,838 78,049,032 $ 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, 2019 Local Juvenile Income Tax - County Local Road Service of County Detention Public Safety Highway and Street Process Health Alternative Grant Revenues: Taxes 3,628,071 $ 2,600,670 $ - $ - $ 2,772,503 $ - $ Special assessments - - - - - - Licenses and permits - - - - - - Intergovernmental - 10,341,322 2,723,726 - 559,553 48,623 Charges for services - 596,729 - - 1,711,008 - Fines and forfeits - - - 341,086 - - Other 1,916 396,379 - - 88,734 - Total revenues 3,629,987 13,935,100 2,723,726 341,086 5,131,798 48,623 Expenditures: Current: General government - - - - - - Public safety 3,407,001 - - 341,086 - 78,162 Highways and streets - 14,999,575 3,646,235 - - - Sanitation - - - - - - Economic development - - - - - - Health and welfare - - - - 5,007,738 - Culture and recreation - - - - - - Debt service: Principal - - - - - - Interest - - - - - - Capital outlay: Economic development - - - - - - Special assessment - - - - - - Total expenditures 3,407,001 14,999,575 3,646,235 341,086 5,007,738 78,162 Excess (deficiency) of revenues over (under) expenditures 222,986 (1,064,475) (922,509) - 124,060 (29,539) Other financing sources (uses): Transfers in - - - - - - Transfers out - (206,150) - - - - Total other financing sources and uses - (206,150) - - - - Net change in fund balances 222,986 (1,270,625) (922,509) - 124,060 (29,539) Fund balances - beginning 910,306 5,251,461 2,516,745 - 2,357,909 46,224 Fund balances - ending 1,133,292 $ 3,980,836 $ 1,594,236 $ - $ 2,481,969 $ 16,685 $ 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, 2019 (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 - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - 121,578 569,016 44,542 339,327 37,745 16,085 - - - - - 3,411 4,478 331 2 2,050 985 124,989 573,494 44,873 339,329 39,795 17,070 - - - 150,611 - - 125,457 446,922 33,818 - 54,366 24,706 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 125,457 446,922 33,818 150,611 54,366 24,706 (468) 126,572 11,055 188,718 (14,571) (7,636) - - - - - - - - - - - - - - - - - - (468) 126,572 11,055 188,718 (14,571) (7,636) 104,645 114,442 12,123 828,779 34,469 11,166 104,177 $ 241,014 $ 23,178 $ 1,017,497 $ 19,898 $ 3,530 $ 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, 2019 (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 - $ - $ - $ - $ - $ - $ - $ - 790,896 - - - - - - - - - - - - - - - 72,672 - 13,126 218,074 1,078,495 - 2,005,662 102,252 - - - - - - - 45,754 - - 24,163 75,234 - 410 - 50 - 1,102,658 866,130 2,005,662 175,334 45,754 13,176 218,074 811,182 944,500 - - 40,885 - - - - 1,563,117 - - - 218,073 - - - - - - - - - - - - - - - - - - - - - - - - 185,064 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 811,182 944,500 1,563,117 185,064 40,885 - 218,073 291,476 (78,370) 442,545 (9,730) 4,869 13,176 1 - - - - - - - - - (74,000) - - - - - - (74,000) - - - - 291,476 (78,370) 368,545 (9,730) 4,869 13,176 1 820,159 6,010,529 515,712 4,579 69,860 8,747 34,239 1,111,635 $ 5,932,159 $ 884,257 $ (5,151) $ 74,729 $ 21,923 $ 34,240 $ 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, 2019 (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 - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 3,342,325 - - - - - - 1,888,717 - - 136,036 12,556 - - - - - - 2 50,649 1,974 81,507 - - 3,342,327 1,939,366 1,974 81,507 136,036 12,556 - - - - - - 3,894,051 1,935,963 - 29,355 136,037 - - - - - - - - - - - - - - - 28,488 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,894,051 1,935,963 28,488 29,355 136,037 - (551,724) 3,403 (26,514) 52,152 12,556 - - 50,000 - - - - - - - - - - - 50,000 - - - (551,724) 3,403 23,486 52,152 12,556 362,745 965,395 45,865 2,976,629 6,130 56,880 (188,979) $ 968,798 $ 69,351 $ 3,028,781 $ 6,129 $ 69,436 $ 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, 2019 (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 - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - 16,608 - - - - 168,076 - - 4,282 35,381 143,230 - - - - - - - 159,761 18,171 8,688 50 - 91 143 - 186,247 8,688 16,658 4,282 35,472 143,373 159,761 - - - - - 166,452 - - - 6,695 - 45,313 - 183,349 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 164,205 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 164,205 - 6,695 - 45,313 166,452 183,349 22,042 8,688 9,963 4,282 (9,841) (23,079) (23,588) 820 - - - - - - - - - - - - - 820 - - - - - - 22,862 8,688 9,963 4,282 (9,841) (23,079) (23,588) 648,589 316,548 246,294 9,171 113,540 451,274 203,598 671,451 $ 325,236 $ 256,257 $ 13,453 $ 103,699 $ 428,195 $ 180,010 $ 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, 2019 (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 Court Allen Public Defender Check and Public Drug Appointed County Services Connect Information Task Force Special Advocate Statewide 911 - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 86,860 117,378 - - 230,794 3,094,607 - - 278,679 - - - 64,542 - - - - - 296 - 25,631 13 57 6,242 151,698 117,378 304,310 13 230,851 3,100,849 - - 393,781 - 207,129 - 198,594 175,204 - 15,710 - 3,795,391 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 198,594 175,204 393,781 15,710 207,129 3,795,391 (46,896) (57,826) (89,471) (15,697) 23,722 (694,542) - - - - - - - - - - - - - - - - - - (46,896) (57,826) (89,471) (15,697) 23,722 (694,542) 204,854 - 503,071 17,524 261,987 704,553 157,958 $ (57,826) $ 413,600 $ 1,827 $ 285,709 $ 10,011 $ 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, 2019 (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 - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 19,012 902 - - 23,761 - - - 200,951 - - 112,574 - - - - - - 686 868 395 17,934 - 19 19,698 1,770 201,346 17,934 23,761 112,593 - - 144,851 - - 65,532 19,973 - - - 26,953 - - - - - - - - - - - - - - - - - - - - 6,571 - - - - - - - 8,630 - - - - - - - - - - - - - - - - - - - - - - - - - - 19,973 6,571 144,851 8,630 26,953 65,532 (275) (4,801) 56,495 9,304 (3,192) 47,061 - - - - - - (3,582) - - (820) - - (3,582) - - (820) - - (3,857) (4,801) 56,495 8,484 (3,192) 47,061 54,873 31,727 293,706 191,358 3,192 413,873 51,016 $ 26,926 $ 350,201 $ 199,842 $ - $ 460,934 $ 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, 2019 (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 - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - 302,195 - - - 27,570 15,491 - - - - - - - 34,807 606,503 12,215 266,132 19,525 - - 734 21,894 - - - 27,570 15,491 35,541 930,592 12,215 266,132 19,525 - - 34,883 - 8,415 - 10,683 - 41,400 - 832,519 - 95,338 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 41,400 34,883 832,519 8,415 95,338 10,683 27,570 (25,909) 658 98,073 3,800 170,794 8,842 - - - 3,582 - - - - - - (13,456) - - - - - - (9,874) - - - 27,570 (25,909) 658 88,199 3,800 170,794 8,842 34,909 69,161 3,217 350,534 41,294 76,200 17,102 62,479 $ 43,252 $ 3,875 $ 438,733 $ 45,094 $ 246,994 $ 25,944 $ 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, 2019 (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 - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - 35,500 330,825 - - - - - - - - - - - - - - - - - 7,448 - 13,085 - 1,754 - - 7,448 - 48,585 330,825 1,754 - - 4,524 - - - - 463 186 - - 630,686 361,136 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 463 186 4,524 - 630,686 361,136 - (463) (186) 2,924 - (582,101) (30,311) 1,754 - - - - - - - - - - - - - - - - - - - - - (463) (186) 2,924 - (582,101) (30,311) 1,754 463 186 10,860 6,976 654,787 53,601 64,222 - $ - $ 13,784 $ 6,976 $ 72,686 $ 23,290 $ 65,976 $ 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, 2019 (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 - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - 6,871 - 254 112,204 - - - - - 814,387 - 450 18,512 - 270,545 117,636 - 298 920 340 282 119 - 748 26,303 340 271,081 1,044,346 22,543 - - - 57,178 - - - 22,144 - - 943,575 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 22,543 - 22,144 - 57,178 943,575 (22,543) 748 4,159 340 213,903 100,771 - - - - - - - - - - - - - - - - - - (22,543) 748 4,159 340 213,903 100,771 157,332 10,607 31,915 12,459 965,333 271,208 134,789 $ 11,355 $ 36,074 $ 12,799 $ 1,179,236 $ 371,979 $ 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, 2019 (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 - $ 62,716 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - 58,245 - - - - - 1,078,869 - - - - - - - 5,979 - 1,169 1,227 7,340 7,000 12,773 64,224 62,716 1,169 1,227 7,340 7,000 1,091,642 12,592 - - - - - - - - - - 31,617 13,031 - - - - - - - - - - - - - - - - - - - - - - - - 5,115 - - - 762,624 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 12,592 - 5,115 - 31,617 13,031 762,624 51,632 62,716 (3,946) 1,227 (24,277) (6,031) 329,018 - - - - - - - - - - - - - - - - - - - - - 51,632 62,716 (3,946) 1,227 (24,277) (6,031) 329,018 188,908 111 45,377 9,571 43,430 7,500 269,380 240,540 $ 62,827 $ 41,431 $ 10,798 $ 19,153 $ 1,469 $ 598,398 $ 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, 2019 (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 - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - 448,932 - 23,669 - 129,088 1,522 - - - - - - - - - - 7,275 30 - 401,882 - - 136,363 1,552 448,932 401,882 23,669 - - - - - 24,702 - 32,849 1,368 416,552 292,116 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 32,849 1,368 416,552 292,116 24,702 - 103,514 184 32,380 109,766 (1,033) - - - - - - - - - - - - - - - - - - - 103,514 184 32,380 109,766 (1,033) - 233,123 1,145 (32,084) 210,991 7,390 113,440 336,637 $ 1,329 $ 296 $ 320,757 $ 6,357 $ 113,440 $ 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, 2019 (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 - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 123,990 - 117,780 23,209 50,608 - - - - - - - - - - - - - - - - - - 5 123,990 - 117,780 23,209 50,608 5 - - 122,280 - - - - - - - - - - - - - - - - - - - - - - - - - - - 125,428 - - 27,979 54,661 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 125,428 - 122,280 27,979 54,661 - (1,438) - (4,500) (4,770) (4,053) 5 - - - - - - - - - - - - - - - - - - (1,438) - (4,500) (4,770) (4,053) 5 8,241 7,759 3,257 (2,970) 3 976 6,803 $ 7,759 $ (1,243) $ (7,740) $ (4,050) $ 981 $ 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, 2019 (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 - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - 99,585 - 27,003 - 257,836 237 - - - - - - - - - 258 - 937 - 18 - - 257,836 1,174 99,585 18 27,003 258 - 3,762 100,503 - - - - - - - 26,414 - - - - - - - - - - - - - - - - - - - 297,758 - - 12,775 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 297,758 3,762 100,503 12,775 26,414 - (39,922) (2,588) (918) (12,757) 589 258 - - - 10,000 - - - - - - - - - - - 10,000 - - (39,922) (2,588) (918) (2,757) 589 258 177,145 35,904 (3,003) 2,757 - 2,196 137,223 $ 33,316 $ (3,921) $ - $ 589 $ 2,454 $ 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, 2019 (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 - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - 68,251 - 116,750 - 380 - - - - - - 17 8,730 - - - 4,156 - 397 8,730 - 68,251 - 120,906 - - 3,646 - 50,000 31 - 13,858 - - - - - - - - - - - - - - - - - - - 137,425 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 13,858 - 3,646 - 50,000 31 137,425 (13,858) 397 5,084 - 18,251 (31) (16,519) - - - - - - - - - - - - - (10,000) - - - - - - (10,000) (13,858) 397 5,084 - 18,251 (31) (26,519) 19,101 882 6,314 80 70,021 31 152,114 5,243 $ 1,279 $ 11,398 $ 80 $ 88,272 $ - $ 125,595 $ 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, 2019 (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 Volunteer Smoking Sex/Violent Education Immunization Courts Family Advocates For Ordinance Offender Opportunity Grant Court Grant Seniors Coordination Admin - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 7,000 69,275 - 75,000 - - - - - - - - - - - - - 24,876 19 - - 742 - 1,167 7,019 69,275 - 75,742 - 26,043 7,000 - 8,976 75,000 - - - - - - - 22,595 - - - - - - - - - - - - - - - - - - - 69,275 - - 89 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 7,000 69,275 8,976 75,000 89 22,595 19 - (8,976) 742 (89) 3,448 - - - - - - - - - - - - - - - - - - 19 - (8,976) 742 (89) 3,448 600 - 32,955 741 89 39,648 619 $ - $ 23,979 $ 1,483 $ - $ 43,096 $ 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, 2019 (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 Criminal Alien Problem Auditor's Sheriff IJC 2016 LIT Refugee Assistance Solving Ineligible Training Veterans Special Interpreter/ Program Court Deductions Center Court Dist 25% Translator - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - 9,949 30,000 - 4,600 - - 48,150 - - - - - - - - - - - - - - - 694 30,561 418 10 38,734 - 9,949 30,694 30,561 5,018 10 38,734 48,150 - - 97,827 - - - - 9,949 40,066 - 3,353 2,222 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 56,676 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 9,949 40,066 97,827 3,353 2,222 - 56,676 - (9,372) (67,266) 1,665 (2,212) 38,734 (8,526) - - - - - - - - - - - - - - - - - - - - - - (9,372) (67,266) 1,665 (2,212) 38,734 (8,526) - 26,722 239,878 1,935 2,672 1,411,321 24,189 - $ 17,350 $ 172,612 $ 3,600 $ 460 $ 1,450,055 $ 15,663 $ 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, 2019 (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 Courtools Dept. Commerical Adult ISDH Court Reform GIS Influenza Fines Court Law Probation Syringe Grant Infrastructure Vaccination Collections Clerk Grant Service Prog - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - 180,000 - - 48,636 334,879 171,991 - - - 6,015 - - - - - - - - - - - 2,910 - - 1,739 - - - 182,910 - 6,015 50,375 334,879 171,991 - 497,530 - - 61,200 - - - - - - - 365,468 - - - - - - - - - - - - - - - - - - - - - - - - 479 3,510 - - 187,212 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 497,530 479 3,510 61,200 365,468 187,212 - (314,620) (479) 2,505 (10,825) (30,589) (15,221) - 180,000 - - - - - - - - - - - - - 180,000 - - - - - - (134,620) (479) 2,505 (10,825) (30,589) (15,221) 3,443 208,628 479 35,208 68,751 83,004 - 3,443 $ 74,008 $ - $ 37,713 $ 57,926 $ 52,415 $ (15,221) $ 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, 2019 (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 Solid Waste JDAI DUI Court Call Allen County Radon and User Performance Task Force Fee Revolving Loan Healthy Elected Fees Bonus Grant Enforcement Fund Fund Homes Official Training - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - 10,694 - - 3,000 - 1,888,789 - - - - - 66,632 - - - - - - - 238,105 - - - 22,714 - 8,668 2,126,894 - 10,694 - 22,714 3,000 75,300 - - - - 260,000 - 10,309 - 25,714 10,694 - - - - - - - - - - - 1,184,919 - - - - - - - - - - - - - - - - - - 3,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,184,919 25,714 10,694 - 260,000 3,000 10,309 941,975 (25,714) - - (237,286) - 64,991 - - - - - - - - - - - - - - - - - - - - - 941,975 (25,714) - - (237,286) - 64,991 1,431,769 31,265 - 115 949,742 - 292,696 2,373,744 $ 5,551 $ - $ 115 $ 712,456 $ - $ 357,687 $ 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, 2019 (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 Family County Prosc IV-D Prosc IV-D Clerk IV-D County Offender Recovery IV-D Incentive Incentive Incentive Transportation Court Incentive Prior to 10/99 Post 10/99 Post 10/99 - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - 28,000 188,833 - 284,092 188,833 - - - - - - 2,588 - - - - - - - 3,155 2,597 4,206 13,059 2,588 28,000 191,988 2,597 288,298 201,892 - 2,533 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 231,246 - 373,508 58,925 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,533 231,246 - 373,508 58,925 2,588 25,467 (39,258) 2,597 (85,210) 142,967 - - - - - - - - - - - - - - - - - - 2,588 25,467 (39,258) 2,597 (85,210) 142,967 22,455 - 126,774 95,079 230,708 404,177 25,043 $ 25,467 $ 87,516 $ 97,676 $ 145,498 $ 547,144 $ 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, 2019 (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 Reassessment Clinic County General Drain Great Batch Special COIT - 2015 Donation Bond Improvement TIF Flood Control 549,839 $ - $ 1,489,850 $ - $ 58,821 $ - $ - - - 77,311 - - - - - - - - 52,235 - 130,588 - - - - - - - - - - - - - - - 25,838 283 14,642 223,450 2,149 20,067 627,912 283 1,635,080 300,761 60,970 20,067 513,931 - 4,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 140,000 - - - - 334,136 - - 513,931 - 4,000 334,136 140,000 - 113,981 283 1,631,080 (33,375) (79,030) 20,067 - - 215 5,277 - - - - (2,433,619) - - - - - (2,433,404) 5,277 - - 113,981 283 (802,324) (28,098) (79,030) 20,067 1,016,766 10,630 1,281,905 1,612,294 85,951 231,498 1,130,747 $ 10,913 $ 479,581 $ 1,584,196 $ 6,921 $ 251,565 $ 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, 2019 (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 Dupont Capital CASAD Nestle TIF Center Road Diebold TIF Development East TIF Major Bridge II Bond Construction Argo Drain 205,621 $ 2,714,625 $ 317,722 $ 1,864,955 $ 88,328 $ - $ - $ - - - - - - - - - - - - - - - 265,622 - 206,667 - - - - 478,859 - - - - - - - - - - - - 812 327,742 5,337 - 8,438 311 4,225 206,433 3,786,848 323,059 2,071,622 96,766 311 4,225 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 570,000 - - - - - - 332,250 - - - - 2,754,063 23,000 121,143 550 - - - - - - - - - - 2,754,063 23,000 1,023,393 550 - - 206,433 1,032,785 300,059 1,048,229 96,216 311 4,225 - 13,456 - - - - - - - (300,000) - (80,000) (62,267) - - 13,456 (300,000) - (80,000) (62,267) - 206,433 1,046,241 59 1,048,229 16,216 (61,956) 4,225 - 10,359,069 350,488 3,099,569 316,074 61,956 154,702 206,433 $ 11,405,310 $ 350,547 $ 4,147,798 $ 332,290 $ - $ 158,927 $ 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, 2019 (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 Tax Woodburn Lincoln Uniroyal Development Mossman Abatement Industrial Industrial Goodrich GM 2015 Corporation Drain Development TIF TIF TIF General Account - $ - $ - $ 126,720 $ 6,459 $ 402,420 $ 1,206,630 $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 185,623 544 48,495 1,026 5,699 1,251 18,994 185,623 544 48,495 127,746 12,158 403,671 1,225,624 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 272,455 - - 52,421 130,000 249,325 - - - - - - - - 272,455 - - 52,421 130,000 249,325 - (86,832) 544 48,495 75,325 (117,842) 154,346 1,225,624 - - - - - - - - - (163,501) - - - (1,220,000) - - (163,501) - - - (1,220,000) (86,832) 544 (115,006) 75,325 (117,842) 154,346 5,624 383,783 19,919 841,422 47,614 327,608 89,325 793,761 296,951 $ 20,463 $ 726,416 $ 122,939 $ 209,766 $ 243,671 $ 799,385 $ 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, 2019 (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 2015B GM 2015A GM 2015A Nestle II Principal and GM 2015B Bond Bond Reserve Account Reserve Account Interest Account Reserve Account - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,786 10,441 4,350 372 1,964 7,089 3,786 10,441 4,350 372 1,964 7,089 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 310,000 875,000 - - - - 13,421 37,803 - - 79,469 - - - - - - - - - - - - - 323,421 912,803 - - 79,469 - (319,635) (902,362) 4,350 372 (77,505) 7,089 325,000 895,000 - 60,000 82,267 - - - - - - - 325,000 895,000 - 60,000 82,267 - 5,365 (7,362) 4,350 60,372 4,762 7,089 166,616 464,290 159,264 89 42,244 240,674 171,981 $ 456,928 $ 163,614 $ 60,461 $ 47,006 $ 247,763 $ 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, 2019 (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 GM Bluffton Supplemental Vera Bradley Little River Bandalier Road East Group Delphi Oak Crossing TIF TIF Joint Drain TIF TIF TIF TIF - $ 198,912 $ - $ 397,133 $ 395,156 $ 50,376 $ - $ - - 52 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 884 1,506 15,076 10,221 4,107 598 1,312 884 200,418 15,128 407,354 399,263 50,974 1,312 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 47,958 - - - - 5,213 - - - - - - 5,213 - 47,958 - - 884 200,418 9,915 407,354 351,305 50,974 1,312 - 24,982 - - - - - - - - - (10,477) (1,762,898) - - 24,982 - - (10,477) (1,762,898) - 884 225,400 9,915 407,354 340,828 (1,711,924) 1,312 33,845 (14,956) 574,464 270,792 (583,685) 22,194 28,343 34,729 $ 210,444 $ 584,379 $ 678,146 $ (242,857) $ (1,689,730) $ 29,655 $ 153 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2019 (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 Zubric Zubric Woodburn LOIT Redevelopment Sur/Wheel Road Road Coverdale US 24 Special Capital Tax Bridge TIF II TIF TIF TIF Distribution - $ - $ 84,347 $ 40,315 $ 126,745 $ 43,925 $ - $ - - - - - - - - - - - - - - - 146,471 - - - - 1,509,740 - - - - - - - - - - - - - - 208,511 31,711 2,421 2,395 - 613 61,877 208,511 178,182 86,768 42,710 126,745 44,538 1,571,617 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 550,000 - - - - - - 343,250 - - - - - 2,067,737 78,413 - - 129,200 47,579 2,854,889 - - - - - - - 2,067,737 971,663 - - 129,200 47,579 2,854,889 (1,859,226) (793,481) 86,768 42,710 (2,455) (3,041) (1,283,272) - - - - - - - - - (26,000) - - - - - - (26,000) - - - - (1,859,226) (793,481) 60,768 42,710 (2,455) (3,041) (1,283,272) 9,670,993 1,918,928 97,068 74,620 65,828 47,579 2,206,523 7,811,767 $ 1,125,447 $ 157,836 $ 117,330 $ 63,373 $ 44,538 $ 923,251 $ 154 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2019 (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 Dupont Stonebridge Jail Justice Center Corner Business Park Building Building TIF Project Corporation Corporation Totals 19,434 $ 28,794 $ - $ - $ 19,481,087 $ - - - - 868,259 - - - - - - - - - 26,606,223 - - - - 14,611,462 - - - - 1,985,570 1,235 1,253 743 1,098 2,954,958 20,669 30,047 743 1,098 66,507,559 - - - - 4,918,971 - - - - 20,990,609 - - - - 18,645,810 - - - - 1,322,344 - - - - 28,488 - - - - 7,469,633 - - - - 172,835 - - 1,735,000 300,852 4,340,852 - - 86,000 314,148 1,206,341 30,000 - - - 8,998,733 - - - - 339,349 30,000 - 1,821,000 615,000 68,433,965 (9,331) 30,047 (1,820,257) (613,902) (1,926,406) - - 1,820,586 612,818 4,084,003 (1,038,410) (3,001,763) - - (10,406,943) (1,038,410) (3,001,763) 1,820,586 612,818 (6,322,940) (1,047,741) (2,971,716) 329 (1,084) (8,249,346) - 54,488 54,772 4,824 1,084 75,597,184 (993,253) $ (2,916,944) $ 5,153 $ - $ 67,347,838 $ 155 ---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 8,372,977 $ 814,153 $ 102,598 $ 145,548 $ 165,248 $ 9,600,524 $ Investments 723,010 121,397 - 20,461 30,067 894,935 Interest receivable 11,661 1,958 - 330 485 14,434 Accounts receivable (net of allowance) - - - 1,476 199,950 201,426 Total assets 9,107,648 937,508 102,598 167,815 395,750 10,711,319 Liabilities Current liabilities: Accounts payable 517,599 - 14,284 - 63,737 595,620 Incurred but not reported claims 2,336,251 - - - - 2,336,251 Total liabilities 2,853,850 - 14,284 - 63,737 2,931,871 Net Position Unrestricted 6,253,798 937,508 88,314 167,815 332,013 7,779,448 Total net position 6,253,798 $ 937,508 $ 88,314 $ 167,815 $ 332,013 $ 7,779,448 $ ALLEN COUNTY COMBINING STATEMENT OF NET POSITION - INTERNAL SERVICE FUNDS December 31, 2019 156 ---PAGE BREAK--- County Workmans Self-Insurance Vehicle Liability Compensation Internal Health Self-Insurance Insurance Self-Insurance Reimbursement Totals Operating revenues: Miscellaneous 483 $ - $ 3,750 $ 2,333 $ 5,394 $ 11,960 $ Employee/employer contributions 11,110,533 359,969 400,000 1,318,833 1,108,969 14,298,304 Total operating revenues 11,111,016 359,969 403,750 1,321,166 1,114,363 14,310,264 Operating expenses: Insurance claims and expenses 13,129,534 257,356 393,997 1,352,358 1,054,772 16,188,017 Operating income (loss) (2,018,518) 102,613 9,753 (31,192) 59,591 (1,877,753) Nonoperating revenues: Interest and investment revenue 163,252 26,094 - 3,975 6,120 199,441 Change in net position (1,855,266) 128,707 9,753 (27,217) 65,711 (1,678,312) Total net position - beginning 8,109,064 808,801 78,561 195,032 266,302 9,457,760 Total net position - ending 6,253,798 $ 937,508 $ 88,314 $ 167,815 $ 332,013 $ 7,779,448 $ ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION - INTERNAL SERVICE FUNDS For The Year Ended December 31, 2019 157 ---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 11,110,533 $ 359,969 $ 400,000 $ 1,318,833 $ 1,014,112 $ 14,203,447 $ Payments to suppliers (11,924,789) (268,103) (398,758) (1,352,358) (1,065,790) (15,009,798) Other receipts 483 - 3,750 857 5,394 10,484 Net cash provided (used) by operating activities (813,773) 91,866 4,992 (32,668) (46,284) (795,867) Cash flows from investing activities: Proceeds from sales and maturities of investments 1,535,338 210,528 - 51,019 51,707 1,848,592 Purchase of investments (723,010) (121,397) - (20,461) (30,067) (894,935) Interest received 163,281 25,739 - 4,033 6,029 199,082 Net cash provided (used) by investing activities 975,609 114,870 - 34,591 27,669 1,152,739 Net increase (decrease) in cash and cash equivalents 161,836 206,736 4,992 1,923 (18,615) 356,872 Cash and cash equivalents, January 1 8,211,141 607,417 97,606 143,625 183,863 9,243,652 Cash and cash equivalents, December 31 8,372,977 $ 814,153 $ 102,598 $ 145,548 $ 165,248 $ 9,600,524 $ Reconciliation of operating income (loss) to net cash provided (used) by operating activities: Operating income (loss) (2,018,518) $ 102,613 $ 9,753 $ (31,192) $ 59,591 $ (1,877,753) $ Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: (Increase) decrease in assets: Accounts receivable - - - (1,476) (94,857) (96,333) Increase (decrease) in liabilities: Accounts payable 343,239 (10,747) (4,761) - (11,018) 316,713 Incurred but not reported claims 861,506 - - - - 861,506 Total adjustments 1,204,745 (10,747) (4,761) (1,476) (105,875) 1,081,886 Net cash provided (used) by operating activities (813,773) $ 91,866 $ 4,992 $ (32,668) $ (46,284) $ (795,867) $ ALLEN COUNTY COMBINING STATEMENT OF CASH FLOWS - INTERNAL SERVICE FUNDS For The Year Ended December 31, 2019 158 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- CUSTODIAL FUNDS December 31, 2019 Tax Sale Tax Sale Assets Redemption Surplus Court Fees Inheritance Tax Cash and cash equivalents 53,640 $ 4,473,616 $ 63,425 $ - $ Receivables: Accounts - - 56,170 - Taxes for other governments - - - - Total receivables - - 56,170 - Investments at fair value: U.S. Government securities - - - - Total assets 53,640 $ 4,473,616 $ 119,595 $ - $ Liabilities Accounts payable and other liabilities - $ - $ - $ - $ Due to other governments - - - - Total liabilities - - - - Net Position Restricted for: Individuals, organizations, and other governments 53,640 4,473,616 119,595 - Total net position 53,640 $ 4,473,616 $ 119,595 $ - $ 159 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- CUSTODIAL FUNDS December 31, 2019 (Continued) Assets Cash and cash equivalents Receivables: Accounts Taxes for other governments Total receivables Investments at fair value: U.S. Government securities Total assets Liabilities Accounts payable and other liabilities Due to other governments Total liabilities Net Position Restricted for: Individuals, organizations, and other governments Total net position Youth Sheriff's Bid Bond Surplus Tax Tax Distribution Services Trust Inmate Trust 5,550 $ 1,543,906 $ 2,773,933 $ 88,655 $ 119,979 $ - - - - - - - 57,553,378 - - - - 57,553,378 - - - - - 13,144 - 5,550 $ 1,543,906 $ 60,327,311 $ 101,799 $ 119,979 $ - $ - $ - $ - $ - $ - - 20,379,639 - - - - 20,379,639 - - 5,550 1,543,906 39,947,672 101,799 119,979 5,550 $ 1,543,906 $ 39,947,672 $ 101,799 $ 119,979 $ 160 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- CUSTODIAL FUNDS December 31, 2019 (Continued) Assets Cash and cash equivalents Receivables: Accounts Taxes for other governments Total receivables Investments at fair value: U.S. Government securities Total assets Liabilities Accounts payable and other liabilities Due to other governments Total liabilities Net Position Restricted for: Individuals, organizations, and other governments Total net position Personal County Work County Adult Property Juvenile Recorder Release Clerk Probation Asst Audit Probation 34,642 $ 11,417 $ 4,681,842 $ 26,761 $ 4,135 $ 12,702 $ - - - - - - - - - - - - - - - - - - - - - - - - 34,642 $ 11,417 $ 4,681,842 $ 26,761 $ 4,135 $ 12,702 $ - $ - $ - $ - $ - $ 8,421 $ - - - - - - - - - - - 8,421 34,642 11,417 4,681,842 26,761 4,135 4,281 34,642 $ 11,417 $ 4,681,842 $ 26,761 $ 4,135 $ 4,281 $ 161 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- CUSTODIAL FUNDS December 31, 2019 (Continued) Assets Cash and cash equivalents Receivables: Accounts Taxes for other governments Total receivables Investments at fair value: U.S. Government securities Total assets Liabilities Accounts payable and other liabilities Due to other governments Total liabilities Net Position Restricted for: Individuals, organizations, and other governments Total net position County Treasurer Totals 11,989,716 $ 25,883,919 $ 12,595,118 12,651,288 - 57,553,378 12,595,118 70,204,666 - 13,144 24,584,834 $ 96,101,729 $ - $ 8,421 $ 12,595,118 32,974,757 12,595,118 32,983,178 11,989,716 63,118,551 11,989,716 $ 63,118,551 $ 162 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION- CUSTODIAL FUNDS December 31, 2019 Tax Sale Tax Sale Inheritance Redemption Surplus Court Fees Tax Bid Bond Additions Investment income: Net increase (decrease) in fair value of investments - $ - $ - $ - $ - $ Interest, dividends and other - - - - - Net investment income - - - - - Collections: Taxes for other governments 4,243,527 5,261,976 - - - Fines/Fees/Restitution - - 819,878 - 3,000 Miscellaneous - - - - - Total Collections 4,243,527 5,261,976 819,878 - 3,000 Total additions 4,243,527 5,261,976 819,878 - 3,000 Deductions Payments of tax to other governments - $ - $ - $ 368 $ - $ Payments to individuals and organizations 4,282,322 4,269,576 799,937 - 2,500 Total deductions 4,282,322 4,269,576 799,937 368 2,500 Net increase (decrease) in fiduciary net position (38,795) 992,400 19,941 (368) 500 Net position - beginning 92,435 3,481,216 99,654 368 5,050 Net position - ending 53,640 $ 4,473,616 $ 119,595 $ - $ 5,550 $ 163 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION- CUSTODIAL FUNDS December 31, 2019 (Continued) Additions Investment income: Net increase (decrease) in fair value of investments Interest, dividends and other Net investment income Collections: Taxes for other governments Fines/Fees/Restitution Miscellaneous Total Collections Total additions Deductions Payments of tax to other governments Payments to individuals and organizations Total deductions Net increase (decrease) in fiduciary net position Net position - beginning Net position - ending Youth Tax Services Sheriff's County Surplus Tax Distribution Trust Inmate Trust Recorder - $ - $ - $ - $ - $ - - 2,707 - - - - 2,707 - - 1,414,260 178,073,570 - - - - - - - 1,935,620 - - - 1,809,546 - 1,414,260 178,073,570 - 1,809,546 1,935,620 1,414,260 178,073,570 2,707 1,809,546 1,935,620 - $ 174,332,430 $ - $ - $ - $ 1,419,124 - - 1,799,247 1,958,305 1,419,124 174,332,430 - 1,799,247 1,958,305 (4,864) 3,741,140 2,707 10,299 (22,685) 1,548,770 36,206,532 99,092 109,680 57,327 1,543,906 $ 39,947,672 $ 101,799 $ 119,979 $ 34,642 $ 164 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION- CUSTODIAL FUNDS December 31, 2019 (Continued) Additions Investment income: Net increase (decrease) in fair value of investments Interest, dividends and other Net investment income Collections: Taxes for other governments Fines/Fees/Restitution Miscellaneous Total Collections Total additions Deductions Payments of tax to other governments Payments to individuals and organizations Total deductions Net increase (decrease) in fiduciary net position Net position - beginning Net position - ending Personal Work County Adult Property Juvenile Release Clerk Probation Asst Audit Probation - $ - $ - $ - $ - $ - - - - - - - - - - - - - 4,135 - - 36,344,376 382,917 - 189,818 11,417 - - - - 11,417 36,344,376 382,917 4,135 189,818 11,417 36,344,376 382,917 4,135 189,818 - $ - $ - $ - $ - $ 30,604 35,257,445 377,473 - 191,442 30,604 35,257,445 377,473 - 191,442 (19,187) 1,086,931 5,444 4,135 (1,624) 30,604 3,594,911 21,317 - 5,905 11,417 $ 4,681,842 $ 26,761 $ 4,135 $ 4,281 $ 165 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION- CUSTODIAL FUNDS December 31, 2019 (Continued) Additions Investment income: Net increase (decrease) in fair value of investments Interest, dividends and other Net investment income Collections: Taxes for other governments Fines/Fees/Restitution Miscellaneous Total Collections Total additions Deductions Payments of tax to other governments Payments to individuals and organizations Total deductions Net increase (decrease) in fiduciary net position Net position - beginning Net position - ending County Treasurer Totals - $ - $ - 2,707 - 2,707 470,210,138 659,207,606 - 39,675,609 - 1,820,963 470,210,138 700,704,178 470,210,138 700,706,885 468,422,748 $ 642,755,546 $ - 50,387,975 468,422,748 693,143,521 1,787,390 7,563,364 10,202,326 55,555,187 11,989,716 $ 63,118,551 $ 166 ---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/. 167