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ALLEN COUNTY GOVERNMENT Fort Wayne, Indiana ANNUAL FINANCIAL REPORT For The Year Ended December 31, 2015 B47077 FILED 10/26/2016 ---PAGE BREAK--- TABLE OF CONTENTS Description Page Schedule of Officials 3 Independent Auditor's Report 4 Management's Discussion and Analysis 7 Basic Financial Statements and Accompanying Notes: Government-Wide Financial Statements: Statement of Net Position 20 Statement of Activities 21 Fund Financial Statements: Balance Sheet – Governmental Funds 22 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds 23 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities 24 Statement of Net Position – Proprietary Funds 25 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary 26 Statement of Cash Flows – Proprietary Funds 27 Statement of Fiduciary Net Position – Fiduciary Funds 28 Statement of Changes in Fiduciary Net Position – Fiduciary Funds 29 Combining Statement of Net Position – Discretely Presented Component 30 Combing Statement of Activities – Discretely Presented Component . 31 Notes to Financial Statements 32 Required Supplementary Information: Schedules of Changes in the County’s Net Position Liability and Related . 78 Schedules of County 80 Schedules of Investment 82 Schedule of Proportionate Share of Net Pension Liability and Related Ratios – INPRS (PERF) 84 Schedule of Employer Contributions – INPRS 85 Schedule of Funding 86 Budgetary Comparison Schedules – General Fund and Major Special Revenue Funds 87 Budget/GAAP Reconciliation 88 Supplementary Information: Non-Major Governmental Funds: Combining Balance Sheet – Non-Major Governmental Funds 89 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Non-Major Governmental Funds 114 Non-Major Proprietary Funds: Combining Statement of Net Position – Internal Service Funds 137 Combining Statement of Revenues, Expenses, and Changes in Net Position – Internal Service Funds 138 Combining Statement of Cash Flows – Internal Service Funds 139 1 ---PAGE BREAK--- TABLE OF CONTENTS (Continued) Non-Major Fiduciary Funds: Combining Statement of Fiduciary Net Position – Agency Funds 140 Combining Statement of Changes in Assets and Liabilities – Agency Funds 143 Other 146 2 ---PAGE BREAK--- SCHEDULE OF OFFICIALS Office Official Term County Auditor Tera K. Klutz 01-01-15 to 12-31-18 County Treasurer Susan L. Orth 01-01-13 to 12-31-16 Clerk of the Circuit Court Lisbeth A. Borgmann 01-01-15 to 12-31-18 County Sheriff David J. Gladieux 01-01-15 to 12-31-18 County Recorder Anita A. Mather 01-01-15 to 12-31-18 County Prosecuting Attorney Karen E. Richards 01-01-15 to 12-31-18 Circuit Court Judge Honorable Thomas J. Felts 01-01-05 to 12-31-20 President of the Board of County Commissioners F. Nelson Peters 01-01-15 to 12-31-16 President of the County Council Thomas A. Harris 01-01-15 to 12-31-15 Roy A. Buskirk 01-01-16 to 12-31-16 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, 2015, and the related notes to the financial statements, which collectively comprise the County's basic financial state- ments 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 presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We con- ducted 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 disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assess- ment 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 entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the cir- cumstances, 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) 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, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of the County, as of December 31, 2015, 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 68 Accounting and Financial Reporting for Pensions. Our opinion is not modified with respect to this matter. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis, Schedules of Changes in the County's Net Position Liability and Related Ratios, Schedules of County Contributions, Schedules of Investment Returns, Schedule of Proportionate Share of Net Pension Liability and Related Ratios - INPRS (PERF), Schedule of Employer Contributions - INPRS (PERF), Schedule of Funding Progress, Budgetary Comparison Schedules - General Fund and Major Special Revenue Funds, and Budget/GAAP Reconciliation, as listed in the Table of Contents, be presented to supplement the basic financial 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. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that col- lectively comprise the County basic financial statements. The accompanying Combining Balance Sheet - Non-Major Governmental Funds, Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-Major Governmental Funds, Combining Statement of Net Position - Internal Service Funds, Combining Statement of Revenues, Expenses, and Changes in Net Position - Internal Service Funds, Combining Statement of Cash Flows - Internal Service Funds, Combining Statement of Fiduciary Net Position - Agency Funds, and Combining Statement of Changes in Assets and Liabilities - Agency Funds are presented for purposes of additional analysis and are not a required part of the basic financial statements. The Combining Balance Sheet - Non-Major Governmental Funds, Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-Major Governmental Funds, Combining Statement of Net Position - Internal Service Funds, Combining Statement of Revenues, Expenses, and Changes in Net Position - Internal Service Funds, Combining Statement of Cash Flows - Internal Service Funds, Combining Statement of Fiduciary Net Position - Agency Funds, and Combining Statement of 5 ---PAGE BREAK--- INDEPENDENT AUDITOR'S REPORT (Continued) Changes in Assets and Liabilities - Agency Funds are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the Combining Balance Sheet - Non-Major Governmental Funds, Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-Major Governmental Funds, Combining Statement of Net Position - Internal Service Funds, Combining Statement of Revenues, Expenses, and Changes in Net Position - Internal Service Funds, Combining Statement of Cash Flows - Internal Service Funds, Combining Statement of Fiduciary Net Position - Agency Funds, and Combining Statement of Changes in Assets and Liabilities - Agency Funds are fairly stated, in all material respects, in relation to the basic financial statements as a whole. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated August 25, 2016, on our consideration of the County's internal control over financial reporting and on our tests of its com- pliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is 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 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 com- pliance. Paul D. Joyce, CPA State Examiner August 25, 2016 6 ---PAGE BREAK--- MANAGEMENT’S DISCUSSION AND ANALYSIS The management of Allen County (County) provides the following discussion and analysis as insight into the County’s financial performance during the year ended December 31, 2015. 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 2015 by $466.6 million (total net position), an increase of $11.7 million, 2.6 percent, over the restated beginning 2015 total net position of $454.9 million. Of this amount, $70.7 million (unrestricted net position) may be used to meet the County’s ongoing obligations to citizens, $15.9 million is restricted for debt service and other specific purposes (restricted net position), and $380 million is invested in capital assets, net of related debt. The total net position of the County’s governmental activities increased by $10.4 million or 2.5 percent which is the result of an increase in total assets and deferred outflows of resources of $28.5 million only partially being reduced by the increase in total liabilities and deferred inflows of resources of $18.2 million. Similarly, the total net position of the County’s business activities increased by $1.3 million or 3 percent, and is the net effect a million reduction in assets and deferred outflows of resources being completely offset by the $1.9 million reduction in total liabilities which is due to reductions in the first mortgage revenue bonds payable. For year-end 2015, The County fully implemented the accounting changes required by GASB 68 Accounting and Financial Reporting for Pensions for both the PERF (Public Employees Retirement Plan) and Police sworn officer pensions. This implementation resulted in beginning total net position being restated and reduced $40.5 million from December 31, 2014. In addition to the restatement for GASB 68, beginning noncurrent liabilities were also restated to recognize $6.3 million of revenue bonds payable related to the GM Tax Increment Revenue bonds previously reported only in the notes to the financial statements. After taking into consideration the restatement, the $18.7 million increase in pension related deferred outflows of resources along with increases of $7 million in cash and equivalents, $3.5 million in investments and $3.7 million in taxes receivable compensate for the $3.7 million decrease in capital assets and are the main factors in the $28.5 million increase of total assets and deferred outflows of resources. The main contributor to the $18.2 million increase in total liabilities and deferred inflows of resources is the $22 million increase in net pension liability which was marginally reduced by a $4 million decrease in first mortgage general obligation bonds payable due in more than one year and a $1 million decrease in deferred pension inflows. At the end of 2015, the County’s governmental funds reported a combined ending fund balance of $106.6 million, an increase of $8.2 million or 8.3 percent from 2014. In accordance with GASB 54 the total Fund Balance is broken down as $3.4 million Nonspendable, $56.3 million as Restricted, $27.5 million Committed, $16 million Assigned, and $3.4 million as Unassigned. At the end of 2015, the combined unassigned fund balance for the General and COIT Funds was $6.3 million or 7.2 percent of the 2015 combined General and COIT Funds expenditures. During 2015, the County’s total debt decreased by $5.5 million or 6.5 percent. The decrease is due 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. 7 ---PAGE BREAK--- 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 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 Southwest Allen County Fire District and the Allen County Public Library are reported as discretely presented component units because they have some financial accountability to the County’s Council. The Allen County Solid Waste Management District is also reported as a discretely presented component unit because the primary government appoints a voting majority of the Solid Waste Management District’s board and is able to impose its will. In prior reporting periods, the Fort Wayne-Allen County Airport Authority (“Authority”) had been considered a significant discretely presented component unit in accordance with GASB 61 The Financial Reporting Entity: Omnibus. Upon further review, it has been determined that while the Authority does meet the fiscal dependency criteria, it does not have a financial benefit/burden relationship with the primary government. Under GASB 61, a component unit must have both fiscal dependency and a financial benefit/burden relationship with the primary government. Therefore, for year-end December 31, 2015 the Authority is not considered a component unit. The government-wide financial statements can be found on pages 20 and 21 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 8 ---PAGE BREAK--- 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, County Rainy Day Fund, County Economic Development Income Tax Fund (CEDIT), and County Option Income Tax Distributive Shares Fund (COIT). The governmental funds financial statements can be found on pages 22 through 24 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. 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 25 through 27 of this report. Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the County’s own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. The County has two types of fiduciary funds: Pension Trust and Agency funds (which are clearing accounts for assets held by the County in its role as custodian until the funds are allocated to the private parties, organizations, or government agencies to which they belong). The fiduciary funds financial statements can be found on pages 28 and 29 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 32 through 77 of this report. Required Supplementary Information is presented concerning the County’s General Fund Budgetary Schedule, Schedule of Funding Progress, Schedules of Changes in the County’s Net Pension Liability 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 Schedule of Funding Progress, Schedules of Changes in the County’s Net Pension Liability and Related Ratios, Schedules of County Contributions and Schedules of Investment Returns, Schedule of Proportionate Share Net Pension Liability and Related Ratios and Schedule of Employer Contributions have been provided to present Allen County’s progress in funding its obligation to provide post-employment benefits to County employees. Required supplementary information can be found on pages 78 through 88 of this report. 9 ---PAGE BREAK--- GOVERNMENT-WIDE FINANCIAL ANALYSIS The County’s (primary government) assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $466.6 million at the close of 2015 increasing the stable financial position of the County. As previously mentioned, the County implemented GASB 68 Accounting and Financial Reporting for Pensions for the County’s pensions. This, along with the recognition of the GM Tax Increment Revenue bonds payable, resulted in a restatement that decreased the beginning net position by $46.8 million. The most significant piece of the GASB 68 implementation is the recognition of $36.6 million and $58.6 million in pension liability for year-ends 2014 and 2015. The largest portion of the County’s total net position (total assets less total liabilities) is its investment in capital assets of $380 million or 81.4 percent. 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 $15.9 million or 3.4 percent, are funds that are subject to an external restriction and cannot be spent on general daily operations. The $14.2 million dollar decrease in the restricted portion is almost solely related to timing of the Allen County War Memorial Coliseum 2014 Expansion completion as the financing was restricted during construction at December 31, 2014 and the project has since been further completed and is now included in capital assets. The unrestricted portion of total net position of $70.7 million or 15.2 percent may be used by the County for general operations of providing service to Allen County citizens. After taking into account the above mentioned restatement, the unrestricted portion of the total net position increased $16.8 million. One of the main factors in this is the $18.7 million dollar increase in deferred outflows of resources related to the County pensions. This coupled with the increases in cash and equivalents of $7.1 million, investments of $3.5 million and taxes receivable of $3.7 million attributed to the most significant gains in unrestricted assets. On the liabilities and deferred inflows of resources side, the $22 million net pension liability increase was offset by the $1 million reduction in deferred inflows of resources related to the County pensions as well as a net $5.5 million reduction in combined County and Allen County Way Memorial Coliseum debt service obligation liabilities. The combination of these changes is the main variable in the $16.8 million increase in the unrestricted portion of total net position. The County’s component units showed assets exceeding liabilities by $86.4 million at the end of 2015. Beginning January 1, 2015 Total net position was restated and decreased by $5.5 million to $81.7 million to recognize pension liabilities as a result of the Allen County Public Library implementation of GASB 68. 2015 2014 2015 2014 2015 2014 2015 2014 Current and other assets 132,109 $ 118,442 $ 17,449 $ 31,790 $ 149,558 $ 150,232 $ 48,033 $ 45,923 $ Capital assets 390,357 394,093 67,140 53,353 457,497 447,446 83,215 85,259 Total assets 522,466 512,535 84,589 85,143 607,055 597,678 131,248 131,182 Deferred Outflows 23,400 4,806 852 943 24,252 5,749 4,371 2,004 Current and other liabilities 18,004 16,576 5,560 5,375 23,564 21,951 6,828 7,263 Long- term liablilities 100,559 82,773 34,643 36,774 135,202 119,547 41,648 43,202 Total liabilities 118,563 99,349 40,203 42,149 158,766 141,498 48,476 50,465 Deferred Inflows 5,971 7,020 - - 5,971 7,020 791 1,002 Net Position 421,332 $ 410,972 $ 45,238 $ 43,937 $ 466,570 $ 454,909 $ 86,352 $ 81,719 $ Invested in capital assets 348,698 $ 355,423 $ 31,274 $ 15,457 $ 379,972 $ 370,880 $ 47,834 $ 45,072 $ Restricted 3,350 3,228 12,579 26,907 15,929 30,135 21,053 19,444 Unrestricted 69,284 52,321 1,385 1,573 70,669 53,894 17,465 17,203 Total net position 421,332 $ 410,972 $ 45,238 $ 43,937 $ 466,570 $ 454,909 $ 86,352 $ 81,719 $ Component Units County's Net Position (amounts expressed in thousands) Governmental Business-type Activities Activities Total 10 ---PAGE BREAK--- Of the total net position, $47.8 million or 55.4% 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 $21.1 million or 24.4% of restricted dollars that are subject to an external restriction and $17.5 million or 20.2% of unrestricted dollars that can be used to provide daily operations for the component units. Governmental activities. Governmental activities account for 90.3% of the County’s total net position as of December 31, 2015. 2015 2014 2015 2014 2015 2014 2015 2014 Re ve nue s: Program revenues: Charges for services 23,120 $ 21,591 $ 5,354 $ 5,236 $ 28,474 $ 26,827 $ 1,867 $ 1,920 $ Operating grants and contributions 28,790 26,950 - - 28,790 26,950 3,330 4,824 Capital grants and contributions 2,410 1,734 - - 2,410 1,734 - - General Revenue: Property taxes 67,325 65,924 - - 67,325 65,924 26,562 25,941 CEDIT 7,624 6,620 - - 7,624 6,620 - - Franchise taxes 384 399 - - 384 399 - - Other taxes 28,179 24,488 - - 28,179 24,488 6,904 5,705 Food and beverage taxes - - 3,145 2,710 3,145 2,710 - - Sports and convention taxes - - 2,716 2,804 2,716 2,804 - - Unrestricted investment earnings 695 452 80 31 775 483 23 19 Misc and refund and reimbursement 2,493 5,714 - - 2,493 5,714 1,991 8,633 Tota l Re ve nue s 161,020 153,872 11,295 10,781 172,315 164,653 40,677 47,042 Expe nse s: General government 48,811 45,437 - - 48,811 45,437 - - Public safety 62,227 59,169 - - 62,227 59,169 - - Highways and streets 25,164 23,366 - - 25,164 23,366 - - Sanitation 91 49 - - 91 49 - - Economic development 6,000 4,708 - - 6,000 4,708 - - Health and welfare 11,679 12,099 - - 11,679 12,099 - - Culture and recreation 693 682 - - 693 682 - - Coliseum - - 10,008 9,485 10,008 9,485 - - Southwest AC Fire District - - - - - - 2,719 2,829 AC - Solid Waste District - - - - - - 1,190 1,240 Allen County Public Library - - - - - - 32,135 30,140 Tota l e xpe nse s 154,665 145,510 10,008 9,485 164,673 154,995 36,044 34,209 Change in net position before special items 6,355 8,362 1,287 1,296 7,642 9,658 4,633 12,833 Change in net pension - 102 - - - 102 Change in OPEB liability (325) (442) - - (325) (442) - - Contributed capital 4,330 8,098 15 32 4,345 8,130 - - - - 11 11 - - Cha nge in ne t position 10,360 16,120 1,301 1,339 11,661 17,459 4,633 12,833 Ne t position - Ja nua ry 1 457,772 446,790 43,937 42,598 501,709 489,388 87,191 73,710 (46,800) (5,138) - - (46,800) (5,138) (5,472) 648 410,972 441,652 43,937 42,598 454,909 484,250 81,719 74,358 Ne t position - De c e mbe r 3 1 421,332 $ 457,772 $ 45,238 $ 43,937 $ 466,570 $ 501,709 $ 86,352 $ 87,191 $ (Amounts expressed in thousands) Allen County Changes in Net Position Governmental Activities Business-type Activities Gain(Loss) on disposal of capital asset Prior Period Adjustment- See Note III.F. Ne t position - Ja nua ry 1 (Re sta te d) Component Units Total 11 ---PAGE BREAK--- Expenses Revenues Expenses 10,00 20,00 30,00 40,00 50,00 60,00 70,00 (In Thousands) Othe 17 Franch 0 Unrestricte ear 0 P H s and Progra s by Source s by Functio - 00 00 00 00 00 00 00 General governmen 48,811 1 Charges for 14.4% r taxes 7.5% hise taxes 0.2% d investment nings Public Safety 40.2% ighways and stre 16.3% am Revenues – Governme n/Program – nt Public safet 6 0,819 2 services % Operating g contrib 17.9 eets Economic s – Governm ental Activitie – Governmen ty Highways an streets 62,227 25,164 21,305 Ex grants and utions 9% c development 3.9% mental Activit es ntal Activities nd Sanitation 91 16,716 xpenses Rev CEDIT 4.7% C Health an 7.5 ties s Economic development 6,000 93 venues Capital Grants and Contributions 1.5% nd welfare 5% Health and welfare 11,679 - 5 d M Culture, Recre Sanitatio 0.5% Culture and recreation 692 5,228 160 Property tax 41.8% isc and refunds a reimbursements 1.6% General Go 31. ation, & on 0 and s overnment 6% 12 ---PAGE BREAK--- Business of Decem governme totaling $1 million of Taxes, an in the fina Wayne C obligation Revenues Governm Debt serv informatio Such info reporting Definitions providing understan fund bala Committe the Coun regarding found in N As of Dec $106.6 m increased investmen Fund cas contributo to ineligib increase Regional cash equ result of u begin or e the increa equivalen s-type activit mber 31, 201 ent included in 11.3 million a program rev nd unrestricte ancial stateme Capital Impro s. s by Source mental funds. vice, and Cap on on near-te ormation is us year, the Cou s. GASB 54 more structu ndable inform ance classific ed, Assigned, ty is bound how the Co Note I, Section cember 31, 20 illion, an incr d $12.3 milli nts, and taxe sh and cash ors are a $1.4 ble deductions related to re Coordinating ivalents of $3 unspent appr economic dev ase in investm ts due to a n ties. Busines 15. The Alle n business-ty nd incurred $ venue and $5 ed investment ents is net of ovement Boa – Business- The genera pital project f erm inflows, seful in asses unty impleme is intended to ured classifica ation regardi cations in ac and Unassig by constraint ounty’s resou n D, Subsecti 015, the Coun rease of $8.2 on from De s receivable equivalents a 4 million incre s, million eimbursement Council reve 3.9 million as ropriations an velopment init ments. The R ew interfund Sports and 24 Fo ss-type activit en County W ype activities. $10 million of 5.9 million fr t earnings. T $3.9 million o rd as they w -type Activiti l government funds. The f outflows, and ssing the Co nted GASB 5 o improve the ation. This a ng the net re ccordance w gned. The cl ts on resourc urces are allo ion 10 of the n nty’s governm million or 8.3 cember 31, increases of and investme ease in prope increase in r t for municip enues. The C s well as a $1 nd are reason tiatives will ar Rainy Day Fun loan to the H d convention tax 4.1% ood and beverage 27.8% ties account f War Memoria The Allen Co expenses. D om the Food The Food & B of revenues th were not ne es t functions are focus of the d balances o unty’s financ 54 Fund Balan e usefulness o allows users o sources of a with GASB 5 assifications ces reported ocated into th notes to the f mental funds r 3 percent in 2014, and f $5.4, $3.4 a ents increase rty tax revenu reimbursemen pal elections, CEDIT Fund e 1 million incre nable given t rise. Other G nd experience Highway Depa e tax Un for 9.7% of th al Coliseum ounty War Me During 2015, t d & Beverage Beverage Tax hat were trans eeded by the e contained in County’s go of spendable ing requireme nce Reporting of the amoun of financial st fund. Spec 54 is as suc are primarily in the funds he above-me financial state reported a co comparison t are led by and $3.7 milli ed $3.1 and ue, millio nt for Public and mil experienced t ease in inves the uncertain Governmental ed a $1.3 mil artment for th Charges f 47 nrestricted inves earnings 0.7% he County’s to is the only emorial Colise the total reven e Taxes, Spo x revenue of $ sferred to the e Coliseum n the Genera vernmental f e resources ( ents. Beginn g and Govern nts reported in tatements mo cifically, the h ch: Nonspen y based on th s. Further de entioned clas ements. ombined endi to December Cash and ion, respectiv million fo n increase fo Defender exp llion increase the largest inc stments. Bot ty of when c l funds attribu llion decrease he purchase o for services 7.4% stment otal net positi branch of C eum had reve nues included orts & Conve $3.1 million s e Allen County for debt or al, Special rev funds is to pr (modified acc ning with the nmental Fund n fund balanc ore consisten ierarchy of th ndable, Restr he degree to etailed inform ssifications ca ng fund balan 31, 2014. A cash equiva vely. The Ge or which the or revenues re penses, m e in the Nort crease in cas th of these ar certain projec uted $1.3 mill e in cash and of trucks as w ion as County enues d $5.4 ention shown y-Fort lease venue, rovide crual). 2011 d Type ces by nt and he five ricted, which mation an be nce of Assets alents, eneral main elated million theast sh and re the ts will lion to d cash well as 13 ---PAGE BREAK--- million is classified as investments at December 31, 2015. The increase in taxes receivable is related to the COIT and CEDIT Funds as income taxes receivable increased $2.5 million for COIT and million for CEDIT; however, these income taxes receivable are completely offset as deferred inflows of resources and do not change the total fund balance. Liabilities were almost exactly the same as 2014 with only a slight million increase. Approximately $3.4 million or 3.2 percent of the combined ending fund balance are assets held for resale and constitute the Nonspendable fund balance. The majority, $56.3 million or 52.8 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 $27.5 million or 25.8 percent of the combined ending fund balance. Assigned resources comprise $16 million or 15 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 $6.3 million and the overall Unassigned Fund balance at December 31, 2015, was $3.4 million. Unassigned fund balances represent resources that do not fall into any of the other classifications and only the General fund may report positive Unassigned balances. Other Governmental funds may report negative Unassigned fund balances in instances where expenditures exceed the Restricted, Committed, or Assigned resources of the fund. At December 31, 2015, approximately $2.9 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 funds, 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 and COIT Funds are the chief operating funds of the County. At December 31, 2015, the combined fund balance of the Assigned and Unassigned classifications in the General and COIT Funds was $7.5 million. As a measure of the General and COIT funds liquidity, you can compare the combined total fund balances of these classifications to the combined total funds expenditures. The combined General and COIT funds expenditures for fiscal year ended 2015 were $87.7 million. Thus, the amount of resources determined to be readily available for expenditure and not bound to restriction or constraint, represents 8.5 percent of the combined General and COIT fund expenditures for 2015. This is a very slight decrease of .6 percent from 2014 and is due to a million or 5.9 percent decrease in the General and COIT funds assigned and unassigned fund balances as well as a million or 1 percent increase General and COIT fund expenditures. The combined fund balances of the County’s General and COIT Funds increased by $3.2 million during fiscal year ended 2015. This is largely due to General Fund revenues exceeding expenditures by $2 million and $1 million from other financing sources and uses. While the combined General and COIT Fund revenues actually decreased million or .6 percent and expenses increased million or 1.1 percent from year end 2014, cost containment resulted in unspent General Fund appropriations of $2.6 million and attribute to the increase in General Fund Balance. The majority of General Fund unspent appropriations are salaries and benefits and utilities which are explained in greater detail in the upcoming budgetary section. The $1 million General Fund other financing sources is the result of the $1.1 million transfer in from the Auditor’s Ineligible Deductions fund per Indiana law. The COIT Fund contributed million to the increase and is the result of a decrease in the Health Self-Insurance fund contributions of million which helped offset the million decrease in COIT revenues. In addition to the General and COIT Funds, the County has two other funds that meet the major fund criteria, which are: the County’s Rainy Day Fund and the County Economic Development Income Tax (CEDIT) 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 $13.6 million at the end of 2015. During 2015 the Rainy Day Fund issued a $1.7 million loan to the Highway Department for the purchase of 10 tandem axle dump trucks. The loan will be repaid over 5 years and the first payment was made in 2015. The CEDIT Fund is primarily used to fund economic development initiatives and the related infrastructure, as well as other general infrastructure improvements throughout the County. The CEDIT Fund had a fund balance of $21.4 million at the end of 2015. This is a $3.8 million or 21.8 percent 14 ---PAGE BREAK--- increase over 2014 and is due to the uncertainty of which and when projects or commitments will be funded through the CEDIT fund. 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 $1.4 million for the Allen County War Memorial Coliseum and $6.2 million for the County’s Internal Service funds. Factors concerning the finances of the Allen County War Memorial Coliseum were previously addressed in the discussion of the County’s business-type activities. The County’s internal service fund is primarily a Health Self-Insurance fund. Similar to 2014, the 2015 contributions to the Health Self-Insurance fund were approximately $2 million more than expenses and is the result of the total net position increase. Given the Health Self-Insurance fund balance and continued health insurance cost cutting measures, as previously discussed above the County was able to decrease the COIT Fund contribution to the Health Self-Insurance fund by million and yet still increase total net position. GENERAL FUND BUDGETARY HIGHLIGHTS The County’s final General Fund budget for 2015 exceeded its original budget by approximately $2.4 million or 3.3%. The key elements of the difference between the original budget and final budget are listed below: $1.1 million was related to Property tax refunds, and expenses that do not require appropriation such as State called meetings, audit fees, bankruptcy and collection fees, and other similar expenses. million for Sheriff and Jail expenses related to litigation, vehicles and overtime. million was used by the County Election Board for purchasing electronic poll books and related maintenance agreement million for additional General Fund appropriations related to the general operations of the County including but not limited to vehicles for the Surveyor, IT expenses for cloud storage and additional salary expenses for new and reclassified personnel. For year-end December 31, 2015, General Fund revenues received were approximately $2.7 million greater than budgeted. The largest contribution to revenues exceeding the budgeted figures is the collection of approximately $1 million more in property tax dollars due to a 2.9 percent increase net assessed value which allows for increased property tax collections before tax cap circuit breakers are reached. Charges for services were million more than budgeted and is a combination of increases in revenues above estimates for the Sheriff, IT, Northeast Regional Coordinating Council, and the Clerk of the Courts. Other miscellaneous revenues were also million above estimates and the majority is due to property tax refund reimbursements that were million more than estimated. Additionally, actual expenditures were approximately $2.7 million less than final budgeted appropriations. The significant unspent appropriations primarily consisted of $1.4 million in salaries and benefits related to turnover and unfilled positions for portions of the year and million in services including unspent Sheriff and Building maintenance funds for budgeted utility expenses, and lastly a combined million in Supplies and Capital. 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, 2015 was $457.5 million (net of accumulated depreciation), an increase of $10.1 million or 2.2 percent. The increase is the result of the Allen County War Memorial Coliseum expansion reflected in the Business-type activities construction in progress and buildings and improvements increases of $12.7 and $1 million which was partially offset by a slight decrease of $3.7 million in Governmental activities. This investment in capital assets includes land and easements, 15 ---PAGE BREAK--- infrastructure, construction in progress, buildings and improvements, equipment, intangible assets and net investment in joint venture. 2015 2014 2015 2014 2015 2014 Land and easements 9,943 $ 9,962 $ 381 $ 381 $ 10,324 $ 10,343 $ Construction in progess 50,368 46,451 15,435 2,776 65,803 49,227 Buildings and improvements 78,342 80,300 48,099 47,117 126,441 127,417 Machinery and equipment 12,816 12,798 3,225 3,079 16,041 15,877 Infrastructure being depreciated 235,480 240,919 - - 235,480 240,919 Intangible assets 239 260 - - 239 260 Net investment in joint venture 3,169 3,403 - - 3,169 3,403 390,357 $ 394,093 $ 67,140 $ 53,353 $ 457,497 $ 447,446 $ 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 49 and 50 of this report. Long-term debt. At December 31, 2015, the County had total debt outstanding of $78.4 million. Of this amount, $51 million of first mortgage bonds, $27.4 million of revenue bonds. 2015 2014 2015 2014 2015 2014 General Obligation Bonds - $ - $ - $ - $ - $ - $ First Mortgage Bonds 14,230 18,074 36,718 38,839 50,948 56,913 Revenue Bonds 27,429 26,936 - - 27,429 26,936 41,659 $ 45,010 $ 36,718 $ 38,839 $ 78,377 $ 83,849 $ 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) Beginning outstanding debt was restated to account for $6.3 million of GM Tax Increment Revenue bonds previously only reported in the notes to the financial statements. After taking into account the restatement, outstanding debt decreased $5.5 million or 6.5 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 2011 Juvenile Justice Center and the 2005 Jail building first mortgage bonds. Moody’s provided an A2 Insured rating for approximately $1.6 mil of the 2011 Juvenile Justice Center bonds remaining from the 2004 series refunding. Moody’s rated the Memorial Coliseum Series 2014, Memorial Coliseum Series B 2011, and Memorial Coliseum Series 2007A first mortgage bonds, as well as the 2009 Maplecrest Road Bridge Insured revenue bonds as Aa3. All three Series of the 2015 General Motors Tax Increment Revenue 16 ---PAGE BREAK--- bonds have an A2 Underlying rating. Subsequent to year end December 31, 2015, the 2005 Jail Building first mortgage bonds were refunded and have an Aa3 Underlying rating. As previously mentioned the County adopted GASB 68 for yearend December 31, 2015 and had a net pension liability of $58.6 million which is a $22 million increase over the December 31, 2014 net pension liability. However, deferred outflows of resources related to pensions was $22.7 million and after taking into account the $6 million in deferred inflows of resources related to pensions, offsets the $22 million pension liability increase by $16.7 million. In addition to the indebtedness noted above, the County also has long-term liabilities for compensated absences and other post-employment benefits totaling $9.3 million at December 31, 2015 compared with $8.9 million at year end 2014. The million or 4.8 percent increase is broken down as mil increase in other post-employment benefits and mil in compensated absences. Additional information on the County’s long-term debt can be found in Note III.D on pages 51 through 54 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 County’s beginning financial position was decreased due to the previously mentioned restatements, the County continues to maintain a sound financial position moving in a positive direction. One key economic indicator that not only provides insight on economic conditions, but also is a major influence on property tax collections, is net assessed value. The total County net assessed value increased 2.96 and 2.67 percent from 2013 to 2014 and 2014 to 2015. The net assessed value increases offer evidence that the local real property market sale prices have gone up and can be correlated with increased ability and willingness of consumers to pay these increased prices. Additionally, these increases allow for greater property tax collections, as evidenced in the $1.4 million or 2.2 percent increase from 2014 to 2015, and also help limit the amount of property tax cap circuit breaker credits as a higher value results in a higher tax cap. COIT revenues are the other primary source of funding for general operations and decreased by million or 4.4 percent. This can be attributed to the fact that in 2014 the State had to estimate what collections may be received from the increased local option income tax and distribute to the County in advance of receiving actual collections. After having a year’s collection experience, 2015 allowed them to reconcile the actual collections with certified distributions. Nonetheless, the local income tax trust balances were increasing in 2014 and 2015 which led to a special distribution in April of 2016 of $4.5 million in COIT and million in CEDIT for the County. Overall, similar to prior year, total County revenues were more than enough to offset expense increases by $6.1 million. The County continues to place significant emphasis on cost cutting initiatives and maximum return on the taxpayer dollar. Of the total $3 million increase in Total Governmental Funds expenses, over 85 percent was related to the purchase of 10 tandem axle dump trucks by the Highway department from the Rainy Day fund and increased CEDIT expenditures for infrastructure improvements. Finally, an additional indication of the County’s improved economic and financial position is the decreased short-term Rainy Day fund cash flow loan from $10.5 million in 2014 to $6.5 million in 2015 which is due to increased General operating cash reserves through cost containment initiatives. Economic Development continued to be on the forefront as the Allen County Redevelopment Commission entered into two agreements for the sale of Commission owned property. The first involved the sale of 28.2 acres of land to XPO Worldwide Logistics for which they intend to construct a 400,000 sq.ft. warehouse for use by a medical instrument distributor. This has potential to create $26 million worth of new real and personal property and employment of up to 75 people. The second notable sale of Commission owned property involved an option to purchase 80 acres to be used to house a light manufacturing facility. Subsequent to year end, this property was sold and it was 17 ---PAGE BREAK--- revealed that it is intended to be used for a Walmart dairy processing facility with estimated investment of real and personal property around $160 million and employment estimates of 150. These are just two of the many ongoing efforts between the County and the City of Fort Wayne. There is significant emphasis by multiple economic development bodies regarding the continued development of downtown Fort Wayne and the riverfronts. The goal is such that Allen County as a whole is able to attract new businesses, retain and promote expansion of existing businesses and promote quality of life and place projects that will attract and retain a solid workforce. If these initiatives are successful, Allen County will continue to exemplify a positive environment for both work and living. The County is already off to a great start in 2016. As aforementioned, assessed values are increasing and early indications are that this will continue in 2016. Unemployment remains low and this is driven by increased labor force and employment. Economic development investments continue to arise and show no indications of letting up. County executives continue to monitor and analyze significant County expenses, with hopes of reducing or limiting increases, as was done with Health Insurance and pension expenses. The County continues to take a pro-active approach working to reduce budgets and expenditures without affecting taxpayer services, fulfill our commitment to economic development and job growth, and carry on the conservative fiscal approach of the County. These factors along with others were considered when preparing the County’s budget for the 2016 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]. 18 ---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. 19 ---PAGE BREAK--- Governmental Business-Type Component Assets Activities Activities Totals Units Current assets: Cash and cash equivalents 96,689,495 $ 728,704 $ 97,418,199 $ 29,887,325 $ Investments 18,330,190 109,462 18,439,652 15,334,939 Receivables (net of allowances for uncollectibles): Interest 107,663 590 108,253 70,693 Taxes 9,163,069 - 9,163,069 1,194,512 Accounts 1,016,377 206,661 1,223,038 72,367 Special assessments 42,129 - 42,129 - Intergovernmental 1,722,281 - 1,722,281 1,102,781 Suite - 966,472 966,472 - Other - - - 233,987 Inventories 1,246,215 - 1,246,215 - Prepaid expense 380,882 112,719 493,601 136,572 Assets held for resale 3,410,381 - 3,410,381 - Noncurrent assets: Restricted assets: Cash and cash equivalents - 8,409,192 8,409,192 - Cash with fiscal agent - 3,088,423 3,088,423 - Investments - 1,429,140 1,429,140 - Interest receivable - 7,705 7,705 - Taxes receivable - 1,781,755 1,781,755 - Suite receivable - 607,750 607,750 - Capital assets: Land, intangibles and construction in progress 60,311,277 15,815,145 76,126,422 14,472,226 Other capital assets, net of depreciation 330,045,814 51,324,639 381,370,453 68,742,316 Deferred Outflows of Resources Unamortized loss on refunding 728,983 852,165 1,581,148 1,226,813 Pension related 22,671,407 - 22,671,407 3,144,079 Total deferred outflow of resources 23,400,390 852,165 24,252,555 4,370,892 Total assets and deferred outflows of resources 545,866,163 85,440,522 631,306,685 135,618,610 Liabilities Accounts payable 3,439,043 103,920 3,542,963 576,514 Accrued payroll and withholdings payable 3,869,993 149,111 4,019,104 377,021 Taxes payable - 2,714 2,714 - Accrued interest payable - - - 758,235 Notes and Loans payable - - - 300,000 Incurred but not reported claims 1,320,574 - 1,320,574 - Unearned revenue - 1,887,271 1,887,271 - Payable from restricted assets: Accounts payable - 423,672 423,672 - Ticket office customer deposits payable - 605,042 605,042 - First mortgage revenue bonds - due within one year - 2,075,000 2,075,000 - Accrued interest payable 395,724 253,371 649,095 - Noncurrent liabilities: Due within one year: First mortgage general obligation bonds payable 3,825,000 - 3,825,000 4,885,000 Compensated absences 3,088,395 59,496 3,147,891 131,030 Revenue bonds payable 2,065,000 - 2,065,000 - Due in more than one year: First mortgage general obligation bonds payable (net of premium) 10,405,314 - 10,405,314 31,722,089 First mortgage revenue bonds payable (net of premium) - 34,642,958 34,642,958 - Compensated absences - - - 655,150 Revenue bonds payable (net of premium/discounts) 25,363,682 - 25,363,682 - Unearned revenue - - - 991,782 Net pension liability 58,618,759 - 58,618,759 8,079,009 Other postemployment benefits liability 6,170,950 - 6,170,950 - Total liabilities 118,562,434 40,202,555 158,764,989 48,475,830 Deferred Inflows of Resources Pension related 5,971,202 - 5,971,202 790,540 Net position Net investment in capital assets 348,698,095 31,273,991 379,972,086 47,834,266 Restricted for: Capital projects - 3,088,423 3,088,423 3,643,391 Debt service 2,202,220 - 2,202,220 6,561,833 Perpetual endowment subject to donor stipulations - - - 7,000,000 Perpetual endowment subject to time restrictions - - - 1,878,451 Other purposes 1,148,351 9,490,448 10,638,799 1,968,981 Unrestricted 69,283,861 1,385,105 70,668,966 17,465,318 Total net position 421,332,527 $ 45,237,967 $ 466,570,494 $ 86,352,240 $ The notes to the financial statements are an integral part of this statement. Primary Government ALLEN COUNTY STATEMENT OF NET POSITION December 31, 2015 20 ---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 48,811,209 $ 8,102,523 $ 2,716,214 $ - $ (37,992,472) $ - $ (37,992,472) $ - $ Public safety 62,226,845 11,809,959 9,494,848 - (40,922,038) - (40,922,038) - Highways and streets 25,163,623 414,975 13,890,815 2,409,801 (8,448,032) - (8,448,032) - Sanitation 91,141 83,000 10,000 - 1,859 - 1,859 - Economic development 5,999,906 - - - (5,999,906) - (5,999,906) - Health and welfare 11,678,673 2,554,893 2,673,398 - (6,450,382) - (6,450,382) - Culture and recreation 692,810 155,049 4,771 - (532,990) - (532,990) - Total governmental activities 154,664,207 23,120,399 28,790,046 2,409,801 (100,343,961) - (100,343,961) - Business-type activities: Coliseum 10,008,145 5,353,635 - - - (4,654,510) (4,654,510) - Total primary government 164,672,352 $ 28,474,034 $ 28,790,046 $ 2,409,801 $ (100,343,961) (4,654,510) (104,998,471) - Component units: Southwest Allen County Fire District 2,719,316 $ 100,403 $ - $ - $ - $ - $ - $ (2,618,913) $ Allen County Solid Waste Management District 1,189,993 1,124,491 - - - - - (65,502) Allen County Public Library 32,134,805 641,735 3,330,376 - - - - (28,162,694) Total component units 36,044,114 $ 1,866,629 $ 3,330,376 $ - $ - - - (30,847,109) General revenues: Property taxes 67,324,565 - 67,324,565 26,561,462 CEDIT 7,623,689 - 7,623,689 - Franchise taxes 383,738 - 383,738 - Other taxes 28,179,576 - 28,179,576 6,904,243 Food and beverage taxes - 3,144,560 3,144,560 - Sports and convention taxes - 2,715,747 2,715,747 - Unrestricted investment earnings 694,729 80,342 775,071 22,808 Miscellaneous and refunds and reimbursements 2,493,251 - 2,493,251 1,991,456 Change in postemployment benefits liability (324,867) - (324,867) - Capital contributions 4,329,956 14,655 4,344,611 - Loss on disposal of capital assets - (172) (172) - Total general revenues 110,704,637 5,955,132 116,659,769 35,479,969 Change in net position 10,360,676 1,300,622 11,661,298 4,632,860 Net position - beginning 457,771,558 43,937,345 501,708,903 87,191,435 Prior period adjustment - See Note III. F. (46,799,707) - (46,799,707) (5,472,055) Net position - beginning (restated) 410,971,851 43,937,345 454,909,196 81,719,380 Net position - ending 421,332,527 $ 45,237,967 $ 466,570,494 $ 86,352,240 $ 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, 2015 21 ---PAGE BREAK--- County Economic County Option Other Development Income Tax Governmental Assets General Rainy Day Income Tax Distributive Shares Funds Totals Cash and cash equivalents 8,003,711 $ 11,439,561 $ 17,152,399 $ 875,618 $ 51,596,161 $ 89,067,450 $ Investments 5,228,786 1,013,963 3,281,368 42,186 8,488,260 18,054,563 Receivables (net of allowances for uncollectibles): Interest 49,058 5,467 - - 51,655 106,180 Taxes 2,704,765 - 1,322,186 3,863,967 1,272,151 9,163,069 Accounts 354,390 - - - 569,687 924,077 Special assessments - - - - 42,129 42,129 Intergovernmental 616,315 - 99,068 31,346 975,552 1,722,281 Interfund receivable: Interfund loans 376,205 1,171,702 1,243,733 - 2,264,065 5,055,705 Assets held for resale - - - - 3,410,381 3,410,381 Total assets 17,333,230 $ 13,630,693 $ 23,098,754 $ 4,813,117 $ 68,670,041 $ 127,545,835 $ Liabilities, Deferred Inflows of Resources, Fund Balances Liabilities: Accounts payable 671,909 $ - $ 388,541 $ 369,703 $ 1,566,639 $ 2,996,792 $ Accrued payroll and withholdings payable 3,032,503 - 12,805 - 824,685 3,869,993 Interfund payable: Interfund loans - - - - 5,055,705 5,055,705 Total liabilities 3,704,412 - 401,346 369,703 7,447,029 11,922,490 Deferred inflows of resources: Unavailable revenue - property taxes 2,259,945 - - - 439,598 2,699,543 Unavailable revenue - license excise taxes 444,820 - - - 86,525 531,345 Unavailable revenue - income taxes - - 1,322,186 3,863,967 640,492 5,826,645 Total deferred inflows of resources 2,704,765 - 1,322,186 3,863,967 1,166,615 9,057,533 Fund balances: Nonspendable fund balance - - - - 3,410,381 3,410,381 Restricted fund balance - - 1,148,351 - 55,156,575 56,304,926 Committed fund balance 4,040,742 - 20,226,871 - 3,184,860 27,452,473 Assigned fund balance 615,412 13,630,693 - 579,447 1,154,887 15,980,439 Unassigned fund balance 6,267,899 - - - (2,850,306) 3,417,593 Total fund balances 10,924,053 13,630,693 21,375,222 579,447 60,056,397 106,565,812 Total liabilities, deferred inflows of resources, and fund balances 17,333,230 $ 13,630,693 $ 23,098,754 $ 4,813,117 $ 68,670,041 $ 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. 390,357,091 Other long-term assets are not available to pay for current-period expenditures and, therefore, are deferred in the funds. ` 33,356,037 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. 6,228,630 Long-term liabilities, including bonds payable, are not due and payable in the current period and, therefore, are not reported in the funds. (50,385,334) Net pension liabilities are not due and payable in the current period and, therefore, are not reported in the funds. (58,618,759) Net other postemployment benefits liability is not due and payable in the current period and, therefore, is not reported in the funds. (6,170,950) Net position of governmental activities 421,332,527 $ ALLEN COUNTY BALANCE SHEET - GOVERNMENTAL FUNDS December 31, 2015 The notes to the financial statements are an integral part of this statement. 22 ---PAGE BREAK--- County Economic County Option Other Total Development Income Tax Governmental Governmental General Rainy Day Income Tax Distributive Shares Funds Funds Revenues: Taxes 54,438,970 $ - $ 6,764,569 $ 14,415,955 $ 16,304,415 $ 91,923,909 $ Special assessments - - - - 1,149,249 1,149,249 Licenses and permits 2,192,617 - - - 1,859,766 4,052,383 Intergovernmental 10,988,066 - 1,570,328 196,932 25,349,150 38,104,476 Charges for services 4,290,552 - - - 9,041,165 13,331,717 Fines and forfeits 1,301,416 - - - 2,730,377 4,031,793 Other 2,057,031 47,606 896 2,191 2,584,859 4,692,583 Total revenues 75,268,652 47,606 8,335,793 14,615,078 59,018,981 157,286,110 Expenditures: Current: General government 26,633,357 - - 14,406,086 4,003,458 45,042,901 Public safety 40,646,375 - - - 17,751,469 58,397,844 Highways and streets - 1,154,375 - - 13,758,110 14,912,485 Sanitation - - - - 91,141 91,141 Economic development 78,015 - - - 49,275 127,290 Health and welfare 5,391,892 - - - 6,229,054 11,620,946 Culture and recreation 508,336 - - - 136,457 644,793 Debt service: Principal - - - - 5,585,000 5,585,000 Interest - - - - 1,757,205 1,757,205 Bond issuance costs - - - - 194,405 194,405 Capital outlay: Economic development - - 4,527,573 - 7,607,733 12,135,306 Special assessment - - - - 811,073 811,073 Total expenditures 73,257,975 1,154,375 4,527,573 14,406,086 57,974,380 151,320,389 Excess (deficiency) of revenues over (under) expenditures 2,010,677 (1,106,769) 3,808,220 208,992 1,044,601 5,965,721 Other financing sources (uses): Transfers in 1,108,164 1,207,405 55,880 - 5,444,494 7,815,943 Transfers out (120,000) - (35,000) - (7,660,943) (7,815,943) Temporary loan proceeds 6,500,000 6,500,000 - - - 13,000,000 Repayment of temporary loan (6,500,000) (6,500,000) - - - (13,000,000) Payment to bond escrow agent - - - - (6,096,765) (6,096,765) Bond proceeds - - - - 8,295,000 8,295,000 Bond premium - - - - 10,773 10,773 Total other financing sources and uses 988,164 1,207,405 20,880 - (7,441) 2,209,008 Net change in fund balances 2,998,841 100,636 3,829,100 208,992 1,037,160 8,174,729 Fund balances - beginning 7,925,212 13,530,057 17,546,122 370,455 59,019,237 98,391,083 Fund balances - ending 10,924,053 $ 13,630,693 $ 21,375,222 $ 579,447 $ 60,056,397 $ 106,565,812 $ ALLEN COUNTY STATEMENT OF REVENUES, EXPENDITURES ,AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS For The Year Ended December 31, 2015 The notes to the financial statements are an integral part of this statement. 23 ---PAGE BREAK--- Amounts reported for governmental activities in the Statement of Activities are different because: Net change in fund balances - total governmental funds (Statement of Revenues, Expenditures and Changes in Fund Balances). 8,174,729 $ 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 (19,150) Construction in progress 3,916,791 Total change in capital assets not being depreciated 3,897,641 Capital assets being depreciated: Buildings, net of $1,943,850 depreciation expense (1,943,850) Improvements other than buildings, net of $13,884 depreciation expense (13,884) Machinery and equipment, net of $1,363,647 depreciation expense 17,529 Infrastructure, net of $5,550,958 depreciation expense (5,438,999) Net investment in joint venture, net of $146,875 depreciation expense (233,162) Intangible assets, net of $21,448 depreciation expense (21,448) Total change in capital assets being depreciated (7,633,814) Total changes in capital assets (3,736,173) Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the governmental funds. 3,693,467 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. 3,175,000 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. 96,823 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. (359,760) Net pension liabilities are considered a long-term obligation of the general government, but are not current expenditures. (2,314,405) Other postemployment benefits liability is considered a long-term obligation of the general government, but is not a current expenditure. (324,867) 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. (84,027) 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. 2,039,889 Change in net position of governmental activities (Statement of Activities) 10,360,676 $ 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, 2015 24 ---PAGE BREAK--- Business-Type Activities - Enterprise Fund War Memorial Internal Assets Coliseum Service Funds Current assets: Cash and cash equivalents 728,704 $ 7,622,045 $ Investments 109,462 275,627 Interest receivable 590 1,483 Accounts receivable (net of allowance) 206,661 92,300 Suite receivable 966,472 - Prepaid items 112,719 - Total current assets 2,124,608 7,991,455 Noncurrent assets: Restricted cash, cash equivalents and investments: Cash and cash equivalents 8,409,192 - Cash with fiscal agent 3,088,423 - Investments 1,429,140 - Interest receivable 7,705 - Taxes receivable 1,781,755 - Suite receivable 607,750 - Total restricted assets 15,323,965 - Deferred Outflows of Resources Unamortized loss on refunding 852,165 - Capital assets: Land, and construction in progress 15,815,145 - Other capital assets (net of accumulated depreciation) 51,324,639 - Total capital assets 67,139,784 - Total noncurrent assets 83,315,914 - Total assets and deferred outflows of resources 85,440,522 7,991,455 Liabilities Current liabilities: Accounts payable 103,920 442,251 Accrued wages payable 149,111 - Taxes payable 2,714 - Compensated absences 59,496 - Incurred but not reported claims - 1,320,574 Unearned revenue 1,887,271 - Current liabilities payable from restricted assets: Accounts payable 423,672 - Ticket office customer deposits 605,042 - First mortgage revenue bonds payable 2,075,000 - Accrued interest payable 253,371 - Total current liabilities 5,559,597 1,762,825 Noncurrent liabilities: First mortgage revenue bonds payable (net of unamortized premium) 34,642,958 - Total liabilities 40,202,555 1,762,825 Net position Net investment in capital assets 31,273,991 - Restricted for capital assets 3,088,423 - Restricted for other purposes 9,490,448 - Unrestricted 1,385,105 6,228,630 Total net position 45,237,967 $ 6,228,630 $ ALLEN COUNTY STATEMENT OF NET POSITION - PROPRIETARY FUNDS December 31, 2015 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 Operating revenues: Miscellaneous 551,196 $ 29,319 $ Rent 814,234 - Concessions 1,048,356 - Parking 1,473,070 - Ticket office 191,732 - Advertising 326,472 - Arena maintenance fee 236,009 - Advance forfeiture rent 9,875 - Suite/club seats 702,691 - Employee/employer contributions - 15,787,541 Total operating revenues 5,353,635 15,816,860 Operating expenses: Salaries and wages 2,147,292 - Fringe benefits 635,366 - Materials and supplies 8,223 - Purchased services 1,091,547 - Utilities 767,339 - Miscellaneous 190,734 - Maintenance and repair 793,502 - Insurance claims and expenses - 13,787,872 Depreciation 2,806,694 - Total operating expenses 8,440,697 13,787,872 Operating Income (loss) (3,087,062) 2,028,988 Nonoperating revenues (expenses): Interest and investment revenue 80,342 10,901 Food and beverage taxes 3,144,560 - Sports and convention taxes 2,715,747 - Amortization of loss on bond refunding (90,530) - Interest expense (1,476,918) - Gain on disposal of assets (172) - Total nonoperating revenue 4,373,029 10,901 Income before contributions 1,285,967 2,039,889 Capital contributions 14,655 - Change in net position 1,300,622 2,039,889 Total net position - beginning 43,937,345 4,188,741 Total net position - ending 45,237,967 $ 6,228,630 $ ALLEN COUNTY STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION - PROPRIETARY FUNDS For The Year Ended December 31, 2015 The notes to the financial statements are an integral part of this statement. 26 ---PAGE BREAK--- Business-Type Activities - Enterprise Fund War Memorial Internal Coliseum Service Funds Cash flows from operating activities: Receipts from customers and users 5,517,280 $ 15,786,921 $ Payments to suppliers (3,507,037) (14,181,989) Payments to employees (2,128,194) - Other receipts - 29,319 Net cash provided (used) by operating activities (117,951) 1,634,251 Cash flows from capital and related financing activities: Acquisition and construction of capital assets (16,578,800) - Principal paid on capital debt (2,065,000) - Interest paid on capital debt (1,522,133) - Food and beverage taxes 3,335,023 - Sports and convention taxes 2,673,064 - Net cash used by capital and related financing activities (14,157,846) - Cash flows from investing activities: Proceeds from sales and maturities of investments 1,478,727 231,144 Purchase of investments (1,538,602) (275,627) Interest received 78,058 10,343 Net cash provided (used) by investing activities 18,183 (34,140) Net increase (decrease) in cash and cash equivalents (14,257,614) 1,600,111 Cash and cash equivalents, January 1 26,483,933 6,021,934 Cash and cash equivalents, December 31 12,226,319 $ 7,622,045 $ Reconciliation of operating income (loss) to net cash used by operating activities: Operating income (loss) (3,087,062) $ 2,028,988 $ Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: Depreciation expense 2,806,694 - (Increase) decrease in assets: Accounts receivable 115,484 (620) Prepaid items 2,433 - Increase (decrease) in liabilities: Customer deposits (419,809) - Accrued wages payable 13,353 - Accounts payable 399,000 (104,670) Unavailable revenue 48,161 - Taxes payable (1,950) - Compensated absence payable 5,745 - Incurred but not reported claims - (289,447) Total adjustments 2,969,111 (394,737) Net cash provided (used) by operating activities (117,951) $ 1,634,251 $ Noncash investing, capital and financing activities: Contributions of capital assets from government 14,655 $ - $ Capital asset trade-ins 45,973 - ALLEN COUNTY STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS For The Year Ended December 31, 2015 The notes to the financial statements are an integral part of this statement. 27 ---PAGE BREAK--- Pension Trust Agency Assets Funds Funds Cash and cash equivalents 2,791,911 $ 15,933,556 $ Receivables: Taxes - 35,892,895 Accounts - 84,063 Interest and dividends 26,840 - Intergovernmental - 2,702,579 Contributions 15,388 - Total receivables 42,228 38,679,537 Investments at fair value: U.S. government securities 1,424,524 15,773 Shares of unit investment trusts 40,375,756 - Total investments 41,800,280 15,773 Total assets 44,634,419 $ 54,628,866 $ Liabilities Payroll withholdings payable - $ 11,850 $ Intergovernmental payable - 116,344 Trust payable - 54,500,672 Total liabilities - 54,628,866 $ Net Position Net position held in trust for: Employees' pension benefits 44,634,419 Total net position restricted for pensions 44,634,419 $ ALLEN COUNTY STATEMENT OF FIDUCIARY NET POSITION - FIDUCIARY FUNDS December 31, 2015 The notes to the financial statements are an integral part of this statement. 28 ---PAGE BREAK--- Pension Trust Additions Funds Contributions: Employer 1,969,528 $ Plan members 196,306 Total contributions 2,165,834 Investment income: Net decrease in fair value of investments (1,614,768) Interest 959,640 Net investment income (655,128) Total additions 1,510,706 Deductions Benefits 2,848,117 Administrative expense 95,097 Total deductions 2,943,214 Changes in net position (1,432,508) Net position - beginning 46,066,927 Net position - ending 44,634,419 $ 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, 2015 29 ---PAGE BREAK--- Southwest Allen County Allen County Solid Waste Allen County Fire Management Public Assets District District Library Totals Cash and cash equivalents 964,951 $ 2,431,770 $ 26,490,604 $ 29,887,325 $ Investments - - 15,334,939 15,334,939 Receivables (net of allowances for uncollectibles): Interest - - 70,693 70,693 Taxes - - 1,194,512 1,194,512 Accounts - 2,407 69,960 72,367 Intergovernmental - - 1,102,781 1,102,781 Other - - 233,987 233,987 Prepaid expense - - 136,572 136,572 Capital assets: Land, intangibles and construction in progress 7,287,849 1,229,408 5,954,969 14,472,226 Other capital assets, net of depreciation - - 68,742,316 68,742,316 Deferred Outflows of Resources Unamortized loss on refunding - - 1,226,813 1,226,813 Pension related - - 3,144,079 3,144,079 Total assets and deferred outflows of resources 8,252,800 3,663,585 123,702,225 135,618,610 Liabilities Accounts payable - 11,873 564,641 576,514 Accrued payroll and withholdings payable - - 377,021 377,021 Accrued interest payable - - 758,235 758,235 Notes and Loans Payable 300,000 - - 300,000 Noncurrent liabilities: Due within one year: First mortgage general obligation bonds payable - - 4,885,000 4,885,000 Compensated absences - - 131,030 131,030 Due in more than one year: First mortgage bonds payable (net of premium) - - 31,722,089 31,722,089 Compensated absences - - 655,150 655,150 Unearned revenue - - 991,782 991,782 Net pension liability - - 8,079,009 8,079,009 Total liabilities 300,000 11,873 48,163,957 48,475,830 Deferred Inflows of Resources Pension related - - 790,540 790,540 Net Position Net investment in capital assets 7,287,849 1,229,408 39,317,009 47,834,266 Restricted for: Capital projects - - 3,643,391 3,643,391 Debt service - - 6,561,833 6,561,833 Perpetual endowment subject to donor stipulations - - 7,000,000 7,000,000 Perpetual endowment subject to time restrictions - - 1,878,451 1,878,451 Other purposes - - 1,968,981 1,968,981 Unrestricted 664,951 2,422,304 14,378,063 17,465,318 Total net position 7,952,800 $ 3,651,712 $ 74,747,728 $ 86,352,240 $ The notes to the financial statements are an integral part of this statement. ALLEN COUNTY COMBINING STATEMENT OF NET POSITION - DISCRETELY PRESENTED COMPONENT UNITS December 31, 2015 30 ---PAGE BREAK--- Net (Expense) Revenue and Changes in Net Assets Southwest Allen County Operating Capital Allen County Solid Waste Allen County Charges for Grants and Grants and Fire Management Public Functions/Programs Expenses Services Contributions Contributions District District Library Totals Component units: Southwest Allen County Fire District 2,719,316 $ 100,403 $ - $ - $ (2,618,913) $ - $ - $ (2,618,913) $ Allen County Solid Waste Management District 1,189,993 1,124,491 - - - (65,502) - (65,502) Allen County Public Library 32,134,805 641,735 3,330,376 - - - (28,162,694) (28,162,694) Total component units 36,044,114 $ 1,866,629 $ 3,330,376 $ - $ (2,618,913) (65,502) (28,162,694) (30,847,109) General revenues: Property taxes 1,456,200 - 25,105,262 26,561,462 Other taxes 292,663 - 6,611,580 6,904,243 Unrestricted investment earnings - - 22,808 22,808 Gain on disposal of capital assets - - - - Miscellaneous 1,110,299 14,129 867,028 1,991,456 Total general revenues 2,859,162 14,129 32,606,678 35,479,969 Change in net position 240,249 (51,373) 4,443,984 4,632,860 Net position - beginning 7,712,551 3,703,085 75,775,799 87,191,435 Prior period adjustment - See Note III.F. - - (5,472,055) (5,472,055) Net Position - beginning (restated) 7,712,551 3,703,085 70,303,744 81,719,380 Net position - ending 7,952,800 $ 3,651,712 $ 74,747,728 $ 86,352,240 $ The notes to the financial statements are an integral part of this statement. Program Revenues ALLEN COUNTY COMBINING STATEMENT OF ACTIVITIES - DISCRETELY PRESENTED COMPONENT UNITS For The Year Ended December 31, 2015 31 ---PAGE BREAK--- ALLEN COUNTY NOTES TO FINANCIAL STATEMENTS I. Summary of Significant Accounting Policies A. Reporting Entity Allen County (primary government) was established under the laws of the State of Indiana. The primary government operates under a council-commissioner form of government and provides the following services: public safety (police and fire), highways and streets, health, welfare and social services, culture and recreation, public improvements, planning and zoning, and general administrative services. The accompanying financial statements present the activities of the primary government and its significant component units. The component units discussed below are included in the primary government's reporting entity because of the significance of their operational or financial relationships with the primary government. Blended component units, although legally separate entities are in substance part of the government's operations and exist solely to provide services for the government; data from these units is combined with data of the primary government. Discretely presented component units are involved in activities of an operational nature independent from the government; their transactions are reported in a separate column in the government-wide financial statements to emphasize that it is legally separate from the government. Blended Component Units The Allen County Jail Building Corporation is a significant blended component unit of the primary government. The primary government appoints a voting majority of the Jail Building Corporation's board and a financial benefit/burden relationship exists between the primary government and the Jail Building Corporation. Although it is legally separate from the primary government, the Allen County Jail Building Corporation is reported as if it were a part of the primary government because it provides services entirely or almost entirely to the primary government. The Allen County Juvenile Justice Center Building Corporation is a significant blended component unit of the primary government. The primary government appoints a voting majority of the Juvenile Justice Center Building Corporation’s board and a financial benefit/burden relationship exists between the primary government and the Juvenile Justice Center Building Corporation. Although, it is legally separate from the primary government, the Allen County Juvenile Justice Center Building Corporation is reported as if it were a part of the primary government because it provides services entirely or almost entirely to the primary government. The Allen County War Memorial Coliseum Additions Building Corporation is a significant blended component unit of the primary government. The primary government appoints a voting majority of the Allen County War Memorial Coliseum Additions Building Corporation’s board and a financial benefit/burden relationship exists between the primary government and the Allen County War Memorial Coliseum Additions Building Corporation. Although it is legally separate from the primary government, the Allen County War Memorial Coliseum Additions Building Corporation is reported as if it were a part of the primary government because it provides services entirely or almost entirely to the primary government. Discretely Presented Component Units The Southwest Allen County Fire District is a significant discretely presented component unit of the primary government. The primary government appoints a voting majority of the Southwest Allen County Fire District’s Board and is able to impose its will. It would be misleading to exclude 32 ---PAGE BREAK--- the Southwest Allen County Fire District from the primary government’s financial statements because of its relationship with the primary government. The Allen County Solid Waste Management District is a significant discretely presented component unit of the primary government. The primary government appoints a voting majority of the Solid Waste Management District’s Board and is able to impose its will. It would be misleading to exclude the Allen County Solid Waste Management District from the primary government’s financial statements because of its relationship with the primary government. 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. In prior reporting periods, the Fort Wayne-Allen County Airport Authority (“Authority”) had been considered a significant discretely presented component unit in accordance with GASB 61 The Financial Reporting Entity: Omnibus. Upon further review, it has been determined that while the Authority does meet the fiscal dependency criteria, it does not have a financial benefit/burden relationship with the primary government. Under GASB 61, a component unit must have both fiscal dependency and a financial benefit/burden relationship with the primary government. Therefore, for year-end December 31, 2015 the Authority is not considered a component unit. 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 Solid Waste Management District One East Main Street, Suite 755 Fort Wayne, IN 46802 Allen County Public Library 900 Library Plaza Fort Wayne, IN 46802 Southwest Allen County Fire District 12912 Indianapolis Road Yoder, In 46790 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). 33 ---PAGE BREAK--- 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 $86,287 for its share of the 2015 net loss. Complete financial statements for the Association can be obtained from the Controller, City of Fort Wayne, Suite 470, 200 East Berry Street, Fort Wayne, Indiana 46802. Related Organizations The primary government's officials are also responsible for appointing the members of the boards of other organizations, but the primary government's accountability for these organizations does not extend beyond making the appointments. The primary government appoints the board members of numerous organizations. B. Government-Wide and Fund Financial Statements Government-wide financial statements the Statement of Net Position and the Statement of Activities) report information on all of the nonfiduciary activities of the primary government and its component units. For the most part, the effect of interfund activity has been removed from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. Likewise, the primary government is reported separately from certain legally separate component units for which the primary government is financially accountable. The Statement of Activities demonstrates the degree to which direct expenses of a given function or segments are offset by program revenues. Direct expenses are clearly identifiable with a specific function or segment. Program revenues include charges to customers or applicants who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment and grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. C. Measurement Focus, Basis of Accounting and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting as are the proprietary fund and fiduciary fund financial statements. Agency funds, however, report only assets and liabilities. Since, they do not report equity (or changes in equity), they have no measurement focus. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of the related cash flows. Property taxes are recognized in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when 34 ---PAGE BREAK--- 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 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. County Option Income Tax Distributive Shares (special revenue) accounts for the local option income tax revenue and general operating expenses of the general government. County Economic Development Income Tax (capital proceeds) 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 funds: 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. Agency funds account for assets held by the primary government as an agent for individuals, private organizations, and other governments and/or other funds. As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. Amounts reported as program revenues include charges to customers or applicants for goods, services or privileges provided, operating grants and contributions, and capital grants and contributions, including special assessments. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes. Proprietary funds distinguish operating revenues from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the enterprise funds and of the government’s internal service funds are charges to 35 ---PAGE BREAK--- customers for sales and services. Operating expenses for enterprise funds and internal service funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. When both restricted and unrestricted resources are available for use, it is the primary government’s policy to use restricted resources first, then unrestricted resources as they are needed. D. Assets, Liabilities, and Net Position or Equity 1. Restricted Assets/Net Position All restricted assets/net position, as presented in the accompanying financial statements, are restricted due to enabling legislation. 2. Deposits and Investments The primary government’s cash and cash equivalents are considered to be cash on hand, demand deposits and short-term investments with original maturities of three months or less from the date of acquisition. State statute (IC 5-13-9) authorizes the primary government to invest in securities, including but not limited to, federal government securities, repurchase agreements, and certain money market mutual funds. Certain other statutory restrictions apply to all investments made by local governmental units. Nonparticipating certificates of deposit, demand deposits and similar nonparticipating negotiable instruments that are not reported as cash and cash equivalents are reported as investments at cost. Debt securities are reported at fair value. Debt securities are defined as securities backed by the full faith and credit of the United States Treasury or fully insured or guaranteed by the United States or any United States government agency. 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 Normally, property taxes levied are collected by the County Treasurer and are distributed to the primary government in June and in December. State statute (IC 6-1.1-17-16) requires the Indiana Department of Local Government Finance to establish property tax rates and levies by February 15. These rates were based upon the preceding year’s March 1 (lien date) assessed valuations adjusted for various tax credits. Taxable property is assessed at 100 36 ---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 percent of the true tax value (determined in accordance with rules and regulations adopted by the Indiana Department of Local Government Finance). Taxes may be paid in two equal installments that become delinquent if not paid by May 10 and November 10, respectively. All property taxes collected by the County Treasurer and available for distribution were distributed to the primary government prior to December 31 of the year collected. Delinquent property taxes outstanding at year end for governmental and/or proprietary funds, net of allowances for uncollectible accounts, are recorded as a receivable with an offset to deferred inflows of resources since amounts are not considered available. 5. Inventories and Prepaid Items All inventories are valued at cost using the first in/first out (FIFO) method. Inventories of governmental funds are recorded as expenditures when consumed rather than when purchased. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in government-wide but as expenditures in fund financial statements. 6. Capital Assets Capital assets, which include property, plant, equipment, and infrastructure assets roads, bridges, sidewalks, and similar items) are reported in the applicable governmental or business-type activities column in the government-wide financial statements. Capital assets are reported at actual or estimated historical cost based on appraisals or deflated current replacement cost. Contributed or donated assets are reported at estimated fair value at the time received. Capitalization thresholds (the dollar values above which asset acquisitions are added to the capital asset accounts), depreciation methods and estimated useful lives of capital assets reported in the government-wide statements and proprietary funds are as follows: 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 $1,476,918. Of the amount, $0 was included as part of the cost of capital assets under construction. 37 ---PAGE BREAK--- 7. Compensated Absences a. Sick Leave – primary government employees earn sick leave at the rate of 5 days per year. Unused sick leave may be accumulated to a maximum of 10 days. Accumulated sick leave is paid to employees through cash payments upon termination. b. Vacation Leave – primary government employees earn vacation leave on their anniversary date at rates from 10 days to 25 days per year based upon the number of years of service. Vacation leave does not accumulate from year to year. c. Personal Leave – primary government employees earn personal leave at the rate of 2 days per year. Personal leave does not accumulate from year to year. Vacation, sick and personal leave is accrued when incurred. 8. Long-Term Obligations In the government-wide financial statements and proprietary fund types in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities or proprietary fund type Statement of Net Position. Bond premiums, discounts, and loss on refunding are deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported net of the applicable bond premium or discount. In the fund financial statements, governmental fund types recognize bond premiums and discounts during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuance are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from actual debt proceeds received, are reported as debt service expenditures. 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 related resources in the amount of $5,971,202 for 2015. These inflows consist of INPRS retirement system of $5,576,368, the County Police Retirement plan in the amount of $268,625, and the County Police Supplemental Benefit plan in the amount of $126,209. Deferred outflows of resources represent a consumption of net position that applies to future periods. The deferred outflow of resources consists of the unamortized loss on refunding for the Allen County Jail with a total loss of $1,520,808 the unamortized amount of $430,896, the Allen County Juvenile Center bonds with a total loss of $764,530 the unamortized amount of $148,659, and the Redevelopment GM TIF Bonds with a total loss of $154,581 the unamortized amount of $149,428 for Governmental Activities and the Allen County War Memorial Coliseum bonds for Business-Type Activities with a total loss of $1,370,078 the unamortized amount $710,412 for the 2007A Series and a total loss of $209,024 the unamortized amount of $141,753 for the 2011B Series. The deferred outflows for governmental activities that is pension related totals $22,671,407 and consists of INPRS retirement system of $17,900,242, the County Police Retirement plan in the amount of $4,482,330, and the County Police Supplemental Benefit plan in the amount of $288,835. 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: 38 ---PAGE BREAK--- Nonspendable – represents amounts that are not in spendable form; for example, inventories, prepaid amounts, the pledge of revenue for TIF bonds, or assets held for resale. Restricted – represents amounts that are constrained for a specific purpose by external parties such as grantors or imposed by law through constitutional provisions or enabling legislation. Committed – represents amounts that can only be used for a specific purpose imposed by formal action of the government’s highest level of decision making authority. The primary government’s highest level of decision making authority is the County Council and the County Commissioners. Assigned – represents amounts that are intended to be used by the primary government for specific purposes but do not meet the criteria to be classified as restricted or committed. Unassigned – represents fund balance that has not been assigned to other funds and that has not been restricted, committed, or assigned to specific purposes within the General Fund. Only the General Fund may report a positive unassigned fund balance; whereas, other governmental funds may need to report a negative unassigned fund balance if expenditures incurred for specific purposes exceeded the amounts restricted, committed, or assigned to those purposes. The County considers restricted amounts to have been spent when an expenditure is incurred for purposes for which both restricted and unrestricted fund balance is available. The County does not have a formal policy for its use of unrestricted fund balance amounts; therefore, it considers committed amounts used first, followed by assigned amounts, and then unassigned amounts when expenditures are incurred for purposes for which amounts in any of those unrestricted fund balance classifications could be used. 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. 39 ---PAGE BREAK--- 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, 2015 are composed of the following: County County Option Economic Income Tax Other Development Distributive Governmental General Rainy Day Income Tax Shares Funds Totals Nonspendable fund balance: Economic development - - - - 3,410,381 3,410,381 Restricted fund balance: General Government - - - - 19,344,754 19,344,754 Public Safety - - - - 10,701,879 10,701,879 Highw ays and Streets - - - - 12,603,670 12,603,670 Sanitation - - - - 150,826 150,826 Culture and Recreation - - - - 743,599 743,599 Economic Development - - 1,148,351 - 7,657,810 8,806,161 Health and Welfare - - - - 3,954,037 3,954,037 Total restricted fund balance - - 1,148,351 - 55,156,575 56,304,926 Committed fund balance: General Government 4,040,742 - - - 1,529,056 5,569,798 Public Safety - - - - 216,839 216,839 Economic Development - - 20,226,871 - 940,985 21,167,856 Health and Welfare - - - - 497,980 497,980 Total committed fund balance 4,040,742 - 20,226,871 - 3,184,860 27,452,473 Assigned fund balance: General Government 384,800 13,630,693 - 579,447 198,567 14,793,507 Public Safety 94,724 - - - - 94,724 Economic Development 135,888 - - - 956,320 1,092,208 Total assigned fund balance 615,412 13,630,693 - 579,447 1,154,887 15,980,439 Unassigned fund balance 6,267,899 - - - (2,850,306) 3,417,593 Total fund balance 10,924,053 $ 13,630,693 $ 21,375,222 $ 579,447 $ 60,056,397 $ 106,565,812 $ 40 ---PAGE BREAK--- Fund 2015 Governmental Funds: Community Transitions Program 66,890 $ Supplemental Education 7,430 Great Batch TIF 131,133 Vera Bradley TIF 428,907 Bandalier TIF 217,621 Bluffton Road East TIF 1,219,208 Oak Crossing TIF 774,263 Zubric Road TIF 4,854 C. Deficit Fund Equity At December 31, 2015, 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, 2015, the Sheriff’s Retirement and Benefit Pension Plans had deposit balances in the amount of $2,791,911. 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, 2015, the County and the Sheriff's Retirement and Benefit Plan had the following investments: Amount Uninsured and uncollateralized deposits 2,791,911 $ 41 ---PAGE BREAK--- 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. 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 Primary Government: Investment Type Fair Value U.S. treasuries and securities 5,297,635 $ Government sponsored enterprises 14,584,787 External investment pool 2,123 Total 19,884,545 $ Sheriff's Retirement and Benefit Pension Plans: Investment Type Fair Value U.S. treasuries and securities 1,424,524 $ Government sponsored enterprises 1,292,955 Mutual funds 5,597,764 Corporate bonds 1,394,391 Foreign mutual fund 31,650,441 Foreign bonds 440,205 Total 41,800,280 $ 42 ---PAGE BREAK--- enterprise. The repurchase agreement is considered to have a stated final maturity of one day. This agreement must be fully collateralized by interest-bearing obligations as determined by their current market value. The Sheriff's Pension Plan is not subject to the same investment laws as the County. The investment policy for the Sheriff's Retirement and Benefit Pension Plans was adopted by the Sheriff's Merit Board on March 10, 2005. Authorized investments include time or savings accounts, obligations issued or fully insured or guaranteed by the United States of America, bonds, stocks, guaranteed investment contracts, bank investment contracts, mutual funds, high quality money market funds, and foreign securities whose shares are not denominated in foreign currency. Investment Custodial Credit Risk The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to a transaction, a government will not be able to recover the value of investment or collateral securities that are in the possession of an outside party. Neither the County nor the Sheriff’s Pension Plan has a formal investment policy for custodial credit risk for investments. The following investments held by the County and the Sheriff's Retirement and Benefit Pension Plans were exposed to custodial credit risks because they are uninsured and unregistered with securities held by the counterparty, or the counterparty's trust department or agent, either in the government's name or not in the government's name: 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 Primary Government: Not in the Investment Government's Type Name U.S. treasuries and securities 5,297,635 $ Government sponsored enterprises 14,584,787 Total 19,882,422 $ Sheriff's Retirement and Benefit Pension Plans: Not in the Investment Government's Type Name U.S. treasuries and securities 1,424,524 $ Government sponsored enterprises 1,292,955 Mutal funds 5,597,764 Corporate bonds 1,394,391 Foreign mutual fund 31,650,441 Foreign bonds 440,205 Total 41,800,280 $ 43 ---PAGE BREAK--- five years. The Sheriff's Merit Board for the Sheriff's Retirement and Benefit Pension Plans manages interest rate risk by authorizing a maximum average maturity of no more than 15 years be maintained in fixed income securities. Credit Risk Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. To minimize credit risks associated with investments, the County’s policy is to follow Indiana Code 5-13-9-2.5, which limits investments to AAA rated money market funds, repurchase agreements fully collateralized by U.S. Government Securities, and U.S. Treasury obligations (or other U.S. Agency obligations). To minimize credit risks associated with investments, the Sheriff’s Merit Board has adopted a policy which limit investments to obligations of or obligations guaranteed by the United States government; bonds, stocks, or other evidences of indebtedness issued or guaranteed by a corporation organized under the laws of the United States, provided the corporation is listed on one or more of the recognized national stock exchanges or on the National Market System of the NASDAQ Stock Market and, in the case of bonds only, holds a rating in one of the highest major classification by a recognized rating service; Guaranteed Investment Contracts and Bank Investment Contracts rated A+ by A. M. Best Company, Inc.; Mutual Plans that apply with the above restrictions; and High quality money market funds. The distribution of securities with credit ratings is summarized below. Primary Government: Investment Less More Type Than 1 1-2 Than 2 U.S treasuries and securities 1,000,039 $ 4,297,596 $ - $ Government sponsored enterprises 3,996,815 10,587,972 - External investment pool 557 1,566 - Totals 4,997,411 $ 14,887,134 $ - $ Investment Maturities (in Years) Sheriff's Retirement and Benefit Pension Plans: Investment Less More Type Than 0-5 5-15 Than 15 U.S. treasuries and securities 1,161,285 $ 148,246 $ 114,994 $ Government sponsored enterprises - 217,784 1,075,171 Mutual funds 5,597,764 - - Corporate bonds 279,556 748,775 366,059 Foreign mutual funds 31,650,441 - - Foreign bonds 298,950 92,098 49,157 Totals 38,987,996 $ 1,206,903 $ 1,605,381 $ Investment Maturities (in Years) 44 ---PAGE BREAK--- Sheriff's Retirement and Benefit Pension Plans: Standard & Corporate/ Government Poor's Moody's Mutual Foreign Sponsored Rating Rating Funds Bonds Enterprise AAA Aaa - $ 160,298 $ - $ AA Aa - 219,422 - A A - 612,217 - BBB Baa - 835,833 - BB Ba - 6,825 - Unrated Unrated 37,248,205 - 1,176,850 Totals 37,248,205 $ 1,834,595 $ 1,176,850 $ Sheriff's Pension Plan Investments Primary Government: Standard & Government Poor's Moody's Sponsored Investment Rating Rating Enterprise Pools AAA Aaa 9,587,406 $ 129 $ AA Aa 4,997,381 1,910 Unrated Unrated - 84 Totals 14,584,787 $ 2,123 $ County's Investments Concentration of Credit Risk Concentration of credit risk is the risk of loss attributed to the magnitude of a government's investment in a single issuer. The County does not have a policy in regards to concentration of credit risk. United States of America government and United States of America governmental agency securities are exempt from this policy requirement. The Sheriff's Merit Board has adopted the following policy for the concentration of credit risk. The Sheriff’s Merit Board for the Sheriff’s Pension Plan manages concentration of credit risk by limiting the investment in debt securities of any one corporation to a maximum of 5 percent of the fixed income investments of the plan. The County held the following investments that were exposed to concentration of credit risk: Foreign Currency Risk Foreign currency risk relates to adverse effects on the fair value of an investment from changes in exchange rates. The Sheriff’s Merit Board has a formal policy in regards to foreign currency risk that states foreign securities must have shares denominated in United States of America dollars. The primary government units’ investments are denominated in U.S. currency. Primary Government: Issuer 2015 Federal Home Loan Bank 3,606,776 $ Freddie Mac 4,997,381 $ Federal Farm Credit Bank 3,990,230 Total 12,594,387 $ 45 ---PAGE BREAK--- Discretely Presented Component Units 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 Southwest Allen County Fire District’s deposit policy for custodial credit risk requires compliance with the provisions of Indiana Code 5-13. The Allen County Public Library and the Allen County Solid Waste Management District do not have deposit policies for custodial credit risk. At December 31, 2015, the County’s discretely presented component units’ deposits with financial institutions of $28,666,395 were entirely insured by the federal depository insurance, with the exception of the Allen County Public Library’s deposits in the amount of $714,458. Deposits of $464,458 are in excess of the insured amount and $270,495 is in investment accounts that are uninsured. 2. Investments Authorization for investment activity is stated in Indiana Code 5-13. As of December 31, 2015, the County’s discretely presented component units had the following investments: Investment Policies Indiana Code 5-13-9 authorizes the discretely presented component units to invest in securities backed by the full faith and credit of the United States Treasury or fully guaranteed by the United States of America and issued by the United States Treasury, a federal agency, a federal instrumentality, or a federal government sponsored enterprise. Indiana Code also authorizes the unit to invest in securities fully guaranteed and issued by a federal agency, a federal instrumentality, or a federal government sponsored enterprise. These investments are required by statute to have a stated final maturity of not more than five years. 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 discretely presented component units 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 Discretely Presented Component Units: Investment Type Fair Value Government sponsored enterprises 2,919,566 $ Corporate bonds 511,701 Corporate stock 8,622,816 Mutual funds 3,280,856 Total 15,334,939 $ 46 ---PAGE BREAK--- equivalent, by Moody's Investors Service, Inc., or its successor. The form of securities in an investment company or investment trust should have a stated final maturity of one day. Additionally, the discretely presented component units 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. 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 Southwest Allen County Fire District, the Allen County Solid Waste Management District, and the Allen County Public Library do not have formal investment policies for custodial credit risk for investments. Interest Rate Risk Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. The Southwest Allen County Fire District and the Allen County Solid Waste Management District do not have formal investment policies for interest rate risk. 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 Southwest Allen County Fire District and the Allen County Solid Waste Management District do not have formal investment policies for credit risk. 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 Units: Investment Less More Type Than 1 1-2 Than 2 Government sponsored enterprises 65,338 $ 41,243 $ 2,812,985 $ Corporate bonds 85,307 31,716 394,678 Corporate stock 8,622,816 - - Mutual funds 3,280,856 - - Totals 12,054,317 $ 72,959 $ 3,207,663 $ Investment Maturities (in Years) 47 ---PAGE BREAK--- Concentration of Credit Risk Concentration of credit risk is the risk of loss attributed to the magnitude of a organization's investment in a single issuer. The Southwest Allen County Fire District and the Allen County Solid Waste Management District do not have a policy in regards to concentration of credit risk. The Allen County Public Library’s policy states no more than 5 percent invested in one company; no more than 20 percent invested in any one industry/market sector; international investment concentration is governed by the policy that investments in U.S. Stocks will be at least as great as the percentage of U.S. equities comprising the MSCI All Country World Index as of the end of the preceding year. Investment in high yield and unrated bonds may be no higher than 10 percent of the entire portfolio. United States of America government and United States of America governmental agency securities are exempt from this policy requirement. Foreign Currency Risk Foreign currency risk relates to adverse effects on the fair value of an investment from changes in exchange rates. The Southwest Allen County Fire District and the Allen County Solid Waste Management District do not have formal policies for foreign currency risk. 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 $468,355. Discretely Presented Component Units: Standard & Morningstar Government Poor's Risk Sponsored Corporate Mutual Rating Profile Enterprise Bonds Funds AAA 60,668 $ - $ - $ AA+ 1,209,688 49,282 - AA 299,546 33,499 - AA - 333,557 36,073 - AA3 180,077 - - A+ 103,594 - - A 473,497 153,594 - A- 29,817 99,200 - A1 128,351 - - A2 16,811 - - BBB+ - 22,950 - Unrated 83,960 117,103 - Low - - 265,966 Below Average - - 1,732,587 Average - - 780,695 Above Average - - 372,189 High - - 129,419 Totals 2,919,566 $ 511,701 $ 3,280,856 $ 48 ---PAGE BREAK--- B. Capital Assets Capital asset activity for the year ended December 31, 2015, was as follows: Beginning Ending Primary Government: Balance Increases Decreases Balance Governmental activities: Capital assets, not being depreciated: Land 9,962,214 $ 9,906 $ 29,056 $ 9,943,064 $ Construction in progress 46,451,422 6,210,751 2,293,960 50,368,213 Total capital assets, not being depreciated 56,413,636 6,220,657 2,323,016 60,311,277 Capital assets, being depreciated: Buildings 124,042,111 - - 124,042,111 Improvements other than buildings 3,384,834 - - 3,384,834 Machinery and equipment 40,882,786 2,871,759 1,490,583 42,263,962 Infrastructure being depreciated 371,558,799 10,040,998 9,929,036 371,670,761 Intangible assets 321,721 - - 321,721 Net investment in joint venture 5,875,011 - 86,287 5,788,724 Totals 546,065,262 12,912,757 11,505,906 547,472,113 Less accumulated depreciation for: Buildings 43,969,258 1,943,850 - 45,913,108 Improvements other than buildings 3,157,576 13,884 - 3,171,460 Machinery and equipment 28,084,417 2,844,876 1,481,229 29,448,064 Infrastructure being depreciated 130,640,150 7,464,840 1,913,882 136,191,108 Intangible assets 61,817 21,448 - 83,265 Net investment in joint venture 2,472,419 146,875 - 2,619,294 Totals 208,385,637 12,435,773 3,395,111 217,426,299 Total capital assets, being depreciated, net 337,679,625 476,984 8,110,795 330,045,814 Total governmental activities capital assets, net 394,093,261 $ 6,697,641 $ 10,433,811 $ 390,357,091 $ Business-type activities: Capital assets, not being depreciated: Land 380,487 $ - $ - $ 380,487 $ Construction in progress 2,776,154 15,490,203 2,831,699 15,434,658 Total capital assets, not being depreciated 3,156,641 15,490,203 2,831,699 15,815,145 Capital assets, being depreciated: Land improvements 1,440,208 - - 1,440,208 Buildings 83,645,681 3,091,610 - 86,737,291 Improvements other than buildings 5,935,253 52,589 - 5,987,842 Machinery and equipment 7,520,146 836,725 66,129 8,290,742 Totals 98,541,288 3,980,924 66,129 102,456,083 Less accumulated depreciation for: Land improvements 1,434,208 300 - 1,434,508 Buildings 38,486,645 1,954,269 - 40,440,914 Improvements other than buildings 3,983,293 207,860 - 4,191,153 Machinery and equipment 4,440,588 644,265 19,984 5,064,869 Totals 48,344,734 2,806,694 19,984 51,131,444 Total capital assets, being depreciated, net 50,196,554 1,174,230 46,145 51,324,639 Total business-type activities capital assets, net 53,353,195 $ 16,664,433 $ 2,877,844 $ 67,139,784 $ 49 ---PAGE BREAK--- Depreciation expense was charged to functions/programs of the primary government as follows: C. Interfund Balances and Activity 1. Interfund Receivables and Payables The composition of interfund balances as of December 31, 2015, 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. 2. Interfund Transfers Interfund transfers at December 31, 2015, were as follows: Discretely Presented Component Units Capital assets, not being depreciated: Land and intangibles 5,126,748 $ - $ - $ 5,126,748 $ Rare book collection 994,827 - - 994,827 Building-Solid Waste, Fire District 2,608,128 - - 2,608,128 Machinery and equipment-Solid Waste, Fire District 5,033,698 92,488 - 5,126,186 Infrastructure-Fire District 560,966 - - 560,966 Improvements Other Than Buildings 55,371 - - 55,371 Total capital assets, not being depreciated 14,379,738 92,488 - 14,472,226 Capital assets, being depreciated: Buildings and improvements 90,525,384 - - 90,525,384 Improvements other than buildings 634,872 - - 634,872 Machinery and equipment 5,469,317 117,329 - 5,586,646 Library materials 8,765,431 3,059,051 2,954,822 8,869,660 Totals 105,395,004 3,176,380 2,954,822 105,616,562 Less accumulated depreciation for: Buildings and improvements 26,325,550 2,155,053 - 28,480,603 Improvements other than buildings 268,624 29,136 - 297,760 Machinery and equipment 5,000,667 207,393 - 5,208,060 Library materials 2,920,835 2,921,810 2,954,822 2,887,823 Totals 34,515,676 5,313,392 2,954,822 36,874,246 Total capital assets, being depreciated, net 70,879,328 (2,137,012) - 68,742,316 Total discretely presented component units capital assets, net 85,259,066 $ (2,044,524) $ - $ 83,214,542 $ Governmental activities: General government 1,020,958 $ Public safety 3,098,623 Highways and streets 8,172,180 Health and welfare 93,771 Culture and recreation 50,241 Total depreciation expense - governmental activities 12,435,773 $ Business-type activities: Coliseum 2,806,694 $ General County Economic Non-major Interfund Payables Fund Rainy Day Development Income Tax Governmental Total Non-major governmental 376,205 $ 1,171,702 $ 1,243,733 $ 2,264,065 $ 5,055,705 $ Interfund Receivables 50 ---PAGE BREAK--- Year Ended December 31 Principal Interest Principal Interest 2016 3,825,000 $ 521,800 $ 2,075,000 $ 1,516,939 $ 2017 4,025,000 360,038 2,155,000 1,432,314 2018 3,021,536 1,436,526 2,585,000 1,336,609 2019 2,090,852 420,211 2,630,000 1,229,634 2020 890,000 19,469 2,690,000 1,111,354 2021-2025 - - 15,165,000 3,539,099 2026-2030 - - 4,390,000 1,274,101 2031-2035 - - 4,110,000 418,720 Totals 13,852,388 $ 2,758,044 $ 35,800,000 $ 11,858,770 $ Governmental Activities Business-Type Activities 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: County Economic Rainy Development Non-major Transfer From General Day Income Tax Governmental Totals General - $ - $ - $ 120,000 $ 120,000 $ County Economic Development Income Tax - - - 35,000 35,000 Non-major Governmental 1,108,164 1,207,405 55,880 5,289,494 7,660,943 Totals 1,108,164 $ 1,207,405 $ 55,880 $ 5,444,494 $ 7,815,943 $ Balance Interest December 31, Current Net Purpose Rates 2015 Portion Premium Noncurrent Governmental activities: 2011 Juvenile Justice Center first mortgage refunded bonds 2% to 5% 6,292,388 $ 2,305,000 $ 80,421 $ 4,067,809 $ 2005 Jail building first mortgage refunding bonds 4.375% to 5.0% 7,560,000 1,520,000 297,505 6,337,505 Total governmental activities 13,852,388 $ 3,825,000 $ 377,926 $ 10,405,314 $ Business-type activities: 2010 B War Memorial Coliseum additions first mortgage refunding revenue bonds 1.5% to 5.45% 3,825,000 $ 315,000 $ 6,263 $ 3,516,263 $ 2007 A War Memorial Coliseum additions refunding first mortgage revenue bonds 4.3% to 5.75% 16,975,000 1,215,000 122,393 15,882,393 2014 War Memorial Coliseum Convention Center Expansion first mortgage bonds 2% to 5.0% 15,000,000 545,000 789,303 15,244,303 Total business-type activities 35,800,000 $ 2,075,000 $ 917,959 $ 34,642,959 $ 51 ---PAGE BREAK--- Year Ended December 31 Principal Interest 2016 4,885,000 $ 1,614,815 $ 2017 5,120,000 1,449,800 2018 5,440,000 1,198,875 2019 5,710,000 923,500 2020 6,005,000 634,375 2021-2022 8,165,000 394,250 Totals 35,325,000 $ 6,215,615 $ Component Units Discretely Presented Discretely Presented Component Units The discretely presented component units 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: Balance Interest December 31, Current Net Purpose Rates 2015 Portion Premium Noncurrent 2003 Allen County Public Library first 4.00% - $ - $ 558 $ 558 $ mortgage bonds 2003 Allen County Public Library first 4.375% to 4.5% 200,000 130,000 238,561 308,561 mortgage bonds 2005 Allen County Public Library first 4% to 5% 29,825,000 90,000 798,938 30,533,938 mortgage refunding bonds 2011 Allen County Public Library first mortgage refunding bonds 2% to 3% 5,300,000 4,665,000 244,032 879,032 Totals 35,325,000 $ 4,885,000 $ 1,282,089 $ 31,722,089 $ Balance Interest December 31, Current Premium Net Purpose Rates 2015 Portion (Discount) Noncurrent Allen County Tax Increment Revenue Bonds (General Motors) Series 2015 A .60% to 2.60% 4,220,000 $ 800,000 $ - $ 3,420,000 $ Allen County Tax Increment Revenue Bonds (General Motors) Series 2015 B .60% to 2.60% 1,500,000 265,000 - 1,235,000 Allen County Tax Increment Revenue Bonds (General Motors) Series 2015 C 4.00% 2,050,000 - 10,557 2,060,557 2009 Maplecrest Road Bridge Bond 2.5% to 4.7% 19,820,000 1,000,000 (171,875) 18,648,125 Total governmental activities 27,590,000 $ 2,065,000 $ (161,318) $ 25,363,682 $ 52 ---PAGE BREAK--- Principal Interest 2016 2,065,000 $ 1,002,180 $ 2017 2,165,000 956,871 2018 2,260,000 903,278 2019 2,350,000 841,540 2020 2,420,000 769,530 2021-2025 7,495,000 2,908,608 2026-2030 8,835,000 1,317,866 Totals 27,590,000 $ 8,699,873 $ Governmental Activities Principal Interest 2016 100,000 $ 10,686 $ 2017 100,000 6,777 2018 100,000 2,900 Totals 300,000 $ 20,363 $ Discretely Presented Component Unit Revenue bonds debt service requirements to maturity are as follows: 3. Notes and loans payable Discretely Presented Component Units The discretely presented component units issues notes and loans payable to provide funds for the acquisition and construction of major capital facilities. Notes and loans payable outstanding at year end are as follows: Notes and loans payable payment requirements to maturity are as follows: 4. Advance Refunding Primary Government On June 29, 2015, the County issued $6,245,000 in refunding revenue bonds with an average interest rate of 1.68 percent to advance refund $5,885,000 of outstanding 2005 series bonds with an average interest rate of 4.838 percent. The net proceeds of $6,096,765 (after payment of $148,235 in issuance costs) were used to purchase U.S. government securities. These securities were deposited in an irrevocable trust with an escrow agent to provide for all future debt service payments on the 2005 series bonds. As a result, these bonds are considered to be defeased and the liability for those bonds has been removed from the Balance Sheet. The refunding resulted in the accounting loss of $154,581, which has been recognized on the Balance Sheet as Deferral of Loss on Refunding. This amount will be amortized using the straight line method and charged to interest expense over the next 5 years. The County in effect decreased its aggregate debt service payment by $243,140 over the next 5 years and realized an economic gain (difference between the present values of the old and new debt service payments) of $179,403. Balance Interest December 31, Current Net Purpose Rates 2015 Portion Noncurrent 2012 Southwest Allen County Fire District 3.1% to 3.8% 300,000 $ 100,000 $ 200,000 $ 53 ---PAGE BREAK--- Coliseum ticket office fund 633,056 $ Coliseum advance customer deposits 313,049 Food and beverage supplemental tax fund 7,114,843 Sports and convention fund 1,777,384 Total restricted assets 9,838,332 $ 5. Changes in Long-Term Liabilities Long-term liability activity for the year ended December 31, 2015, 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 17,557,388 $ - $ 3,705,000 $ 13,852,388 $ 3,825,000 $ Revenues 27,060,000 8,295,000 7,765,000 27,590,000 2,065,000 Total bonds payable 44,617,388 8,295,000 11,470,000 41,442,388 5,890,000 Compensated absences 2,996,636 3,088,395 2,996,636 3,088,395 3,088,395 Other postemployment benefits liability 5,846,083 324,867 - 6,170,950 Net Pension Liability 36,581,370 22,037,389 - 58,618,759 - Total governmental activities long-term liabilities 90,041,477 $ 33,745,651 $ 14,466,636 $ 109,320,492 $ 8,978,395 $ Business-type activities: First mortgage revenue bonds payable: Coliseum 37,865,000 $ - $ 2,065,000 $ 35,800,000 $ 2,075,000 $ Compensated absences 53,751 59,496 53,751 59,496 59,496 Total business-type activities long-term liabilities 37,918,751 $ 59,496 $ 2,118,751 $ 35,859,496 $ 2,134,496 $ Beginning Ending Due Within Discretely Presented Component Units: Balance Additions Reductions Balance One Year First mortgage general obligation bonds 40,035,000 $ - $ 4,710,000 $ 35,325,000 $ 4,885,000 $ Notes and loans payable 400,000 - 100,000 300,000 100,000 Compensated absences 770,812 863,680 848,312 786,180 131,300 Net Pension Liability 4,988,346 3,090,663 - 8,079,009 - Total discretely presented component units 46,194,158 $ 3,954,343 $ 5,658,312 $ 44,490,189 $ 5,116,300 $ 54 ---PAGE BREAK--- F. Restatements and Reclassifications Primary Government Net position as of January 1, 2015 has been restated as follows for inclusion of the Tax Increment Revenue Bonds on the face of the government wide statements that were previously excluded and for the implementation of GASB Statement No. 68, as amended by GASB Statement No. 71: The following schedule presents a summary of the restated beginning balance: County County Police Police Retirment Benefit Governmental INPRS Plan Plan Activities Net position, previously reported at December 31, 2014 457,771,558 $ Prior period adjustment for GASB 68 implementation: Remove GASB 25/27 Net Pension Liability (Asset): Net pension asset - (858,543) - Net pension liability - - 3,311 Total GASB 25/27 Adjustment - (858,543) 3,311 (855,232) $ Add Net pension liability and deferred outflows (inflows) of resources: Net pension liability (27,897,371) (8,622,454) (61,545) Deferred outflows of resources related to pensions: Differences between expected and actual experience - 74,285 Net difference between projected and actual investment earnings on pension plan investments - 213,563 9,382 Changes of Assumptions - 1,006,501 43,544 Employer contributions subsequent to the measurement date 2,649,932 - - Deferred inflows of resources related to pensions: Differences between expected and actual experience (125,183) (349,487) - Net difference between projected and actual investment earnings on pension plan investments (5,421,667) - - Changes in proportion and differences between employer contributions and proportionate share of contributions (1,123,649) - - Total Net pension liability and deferred outflows (inflows) of resources (31,917,938) (7,751,877) 65,666 (39,604,149) $ Prior period adjustment for TIF: Noncurrent liabilities: Due within one year: Revenue bonds payable (TIF) (830,000) Due in more than one year: Revenue bonds payable (TIF) (Net of premium) (5,510,326) Total prior period adjustment for TIF Bonds (6,340,326) $ Net Position, restated at January 1, 2015 410,971,851 $ 55 ---PAGE BREAK--- Discretely Presented Component Units The following schedule presents a summary of the restated beginning balance. IV. Other Information A. Risk Management The primary government is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; job related illnesses or injuries to employees; medical benefits to employees, retirees, and dependents (excluding postemployment benefits); and natural disasters. The risks of torts; theft of, damage to, and destruction of assets; and natural disasters are covered by commercial insurance from independent third parties. Settled claims from these risks have not exceeded commercial insurance coverage for the past three years. There were no significant reductions in insurance by major category of risk. Automobile Insurance The Vehicle Self-Insurance fund, an internal service fund, services the risk of loss in the following areas: automobile collision and comprehensive. The primary government is continuing to buy premium insurance for a number of other risks/i.e., liability. The primary government is assuming 100 percent of the risk in these areas described above. Each department is responsible for the first $5,000 deductible per each vehicle loss. Funding levels are determined based on the Insurance Director’s analysis of prior years’ claims history. The source of revenue is money appropriated from the County General Fund for automobile insurance, and also from the money or funds collected on behalf of the County arising from automobile insurance. The funding level for 2015 was $414,739. There were no incurred but not reported claims at December 31, 2015. The cash balance in the fund at December 31, 2015, was $348,456. Allen County Library Net position, previously reported at December 31, 2014 59,895,459 $ Prior period adjustment for GASB 68 implementation: Add Net pension liability and deferred outflows (inflows) of resources: Net pension liability (4,988,346) Deferred outflows of resources related to pensions: Changes in proportion and differences between employer contributions and proportionate share of contributions 533 Employer contributions subsequent to the measurement date 518,229 Deferred inflows of resources related to pensions: Differences between expected and actual experience (22,384) Net difference between projected and actual investment earnings on pension plan investments (969,452) Changes in proportion and differences between employer contributions and proportionate share of contributions (10,635) Total Net pension liability and deferred outflows (inflows) of resources (5,472,055) Net Position, restated at January 1, 2015 54,423,404 $ 56 ---PAGE BREAK--- County Liability Insurance The primary government established the County Liability fund to cover risks involving civil rights claims and errors and omission claims. The source of revenue is money appropriated from the County General Fund under the Sheriff’s Liability and Liability Insurance line item. The funding level for 2015 was $400,000. Incurred but not reported claims have not been accrued as a liability as of December 31, 2015. The cash balance in the fund at December 31, 2015, was $20,715. 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 2015 was $13,242,719. The cash balance in the fund at December 31, 2015, was $6,657,974. 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 Workmen’s 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 2015. 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 2015 was $631,375. There were no incurred but not reported claims at December 31, 2015. The cash balance in the fund at December 31, 2015, was $374,005. 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. 2014 2015 Unpaid claims, beginning of fiscal year 2,316,776 $ 2,051,055 $ Incurred claims and changes in estimates 12,407,665 11,815,625 Claim payments 12,673,386 12,237,716 Unpaid claims, end of fiscal year 2,051,055 $ 1,628,964 $ 57 ---PAGE BREAK--- 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, 2015, there were three series of Industrial Revenue Bonds outstanding with an aggregate principal amount payable of $21,523,747. 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 $750,000 were made during 2015. 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. 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. In 2013, an option to extend the agreement for an additional three years was exercised. The agreement continues through 2016. 58 ---PAGE BREAK--- 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, 2015 was $4,220,000 Series 2015A, $1,500,000 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 Allen County Economic Development Income Tax Fund. The loan outstanding at December 31, 2015, was $521,543. Repayment of this loan will be made by using tax increment financing revenues from the Vera Bradley Economic Development Area established pursuant to Indiana Code 36-7-14-41. 3. Infrastructure for Oak Crossing Economic Development Area (EDA) Allen County provided certain public infrastructure improvements at the intersection of North Clinton Street (formerly Leo Road) and Mayhew Road. These improvements were financed by a loan from various Allen County Highway Funds. The loan outstanding at December 31, 2015, was $1,155,753. Repayment of the loan will be made by using tax increment financing revenues from the Oak Crossing Economic Development Area (EDA). 4. Incentive for Baekgaard Limited The Redevelopment Commission provided a $122,000 incentive to Baekgaard Limited which is located within the Zubrick Road Allocation Area in order to assist in the company’s development of the Zubrick site. Funds were provided from the Tax Abatement Development Fund. Repayment will be made by using tax increment financing revenues from the Zubrick Road Allocation Area of the Silverado Economic Development Area (EDA). The loan outstanding at December 31, 2015 was $33,000. 59 ---PAGE BREAK--- 5. 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 CEDIT Funds. The loan outstanding at December 31, 2015, was $1,254,308. Repayment of the loan will be made by using tax increment financing revenues from the Bluffton Road East Economic Development Area. 6. Infrastructure for Greatbatch Allen County provided certain public infrastructure improvements for road, drainage, and a water line extension. These improvements were financed by a loan from Allen County Economic Development and CEDIT Funds. The loan outstanding at December 31, 2015, was $284,303. Repayment of the loan will be made by using tax increment financing revenues from the Greatbatch Economic Development Area. 7. Infrastructure for SDI LaFarga Allen County provided certain public infrastructure improvements for extensive drainage. These improvements were financed by a loan from Allen County Tax Abatement Development Fund. The loan outstanding at December 31, 2015, was $258,891. Repayment of the loan will be made by using tax increment financing revenues from the Bandalier Economic Development Area. Economic Development areas were established to repay the above bonds and loans. Property taxes generated from increased property valuations in the economic development areas are used to repay the bonds. Since Allen County as a whole is not obligated to make the debt payments, these bonds are not considered debt of the County. If the increased property taxes do not generate sufficient revenues to pay the debt service payments, up to the highest bond payment, which in 2015 was $1,148,351; may be allocated from the County Economic Development Income Tax Fund towards the debt service payments. G. 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. The plan provides health care benefits to eligible retirees and their spouses. Indiana Code 5-10-8 assigns the authority to establish and amend benefit provisions to the County. Funding Policy 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. For the year ended December 31, 2015, the County contributed $470,121 to the plan. Annual OPEB Cost and Net OPEB Obligation The County's annual other postemployment benefit (OPEB) cost (expense) is calculated based on the annual required contribution of the employer (ARC), an amount actuarially determined in accordance with the parameters of GASB Statement 45. The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover normal cost each year and amortize any unfunded actuarial liabilities (or funding excess) over a period not to exceed 30 years. The following table shows the components of the County's annual OPEB cost for the year, the amount actually contributed to the plan, and changes in the County's net OPEB obligation to the plan: 60 ---PAGE BREAK--- The County's annual OPEB cost, the percentage of the annual OPEB cost contributed to the plan, and the net OPEB obligation for 2015 and the two preceding years were as follows: Funded Status and Funding Progress As of December 31, 2015, the most recent actuarial valuation date, the plan was unfunded. The actuarial accrued liability for benefits was $8,212,772, and the actuarial value of assets was resulting in an unfunded actuarial accrued liability (UAAL) of $8,212,772, and the ratio of the UAAL to covered payroll was 14.3 percent. Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality, and the healthcare cost trend. Amounts determined regarding the funded status of the plan and the annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The Schedule of Funding Progress, presented as required supplementary information following the notes to the financial statements, presents multiyear trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liabilities for benefits. Actuarial Methods and Assumption Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and the plan members) and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan members to that point. The actuarial methods and assumptions used include techniques that are designed to reduce the effects of short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term perspective of the calculations. In the December 31, 2015, actuarial valuation, the projected unit credit cost method was used. The actuarial assumptions included an annual healthcare cost trend rate of 9 percent initially, reduced by decrements to an ultimate rate of 5 percent after 8 years. The UAAL is being amortized as a level dollar amount over 30 years based on an open group. The remaining amortization period at December 31, 2015, was 22 years. Annual required contribution 890,814 $ Interest on net OPEB obligation 263,074 Adjustment to annual required contribution (358,900) Annual OPEB cost 794,988 Contributions made (470,121) Increase in net OPEB obligation 324,867 Net OPEB obligation, beginning of year 5,846,083 Net OPEB obligation, end of year 6,170,950 $ Percentage Annual of Annual Net Year OPEB OPEB Cost OPEB Ending Cost Contributed Obligation 12/31/2013 771,057 41% 5,404,291 12/31/2014 789,435 44% 5,846,083 12/31/2015 794,988 59% 6,170,950 61 ---PAGE BREAK--- H. 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 2015 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 2007, 2011 and 2014. 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. I. Subsequent Events On January 7, 2016, Allen County authorized the issuance of the Allen County Jail Building Corporation, First Mortgage Refunding Bonds, Series 2016. The purpose of this issuance is to refund the prior First Mortgage bonds from 2005. The proceeds of this refunding total $7,545,000. In July 2016, Allen County authorized the issuance of the Allen County War Memorial Coliseum Additions Building Corporation Refunding Bonds, Series 2016A. The purpose of this issuance is to refund the prior revenue bonds from 2007. The proceeds of this refunding total $15,095,000. J. Retirement Plan 401(a) Effective after December 31, 2014, Allen County enacted a “soft” freeze in participation in the Indiana Public Retirement System (INPRS). Any newly hired employees after December 31, 2014, will be eligible for participation in a deferred compensation matching contribution retirement program. The County may, at the Board of Commissioners discretion, match employee contributions up to five percent of that employee’s wages with a six year graded vesting schedule in the employer contributions. Any newly hired employee that was a previous member of INPRS with any governmental unit will be reenrolled in that pension plan and not be eligible for the deferred compensation plan. K. Pension Plans A. Cost Sharing Multiple-Employer Defined Benefit Pension Plans Public Employees’ Retirement System 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 member 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 62 ---PAGE BREAK--- the member's account. The employer may elect to make the contributions on behalf of the member. 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 time the number of years of creditable service. The average annual compensation in this calculation uses the highest 20 calendar quarters of salary in a covered position. A member who has reached age 60 and has at least 15 years of creditable service is eligible for normal retirement and is entitled to 100 percent of the pension benefit. A member who is at least 55 years old and whose age plus number of years of creditable service is at least 85 is entitled to 100 percent of the pension benefit. A member who has reached age 50 and has at least 15 years of creditable service is eligible for early retirement with a reduced pension. A member retiring early receives a percentage of the normal pension benefit, which remains the same for the member’s lifetime. The PERF plan also provides disability benefits to members. A member who has at least 5 years of creditable service and becomes disabled while in active service, on FMLA leave, receiving worker’s compensation benefits, or receiving employer provided disability insurance benefits may retire for the duration of the disability if they have qualified for social security disability benefits and furnish proof of the qualification. The disability benefit is calculated the 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 2015, the primary 63 ---PAGE BREAK--- 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, 2015 was $5,687,268 and was equal to the required contribution for 2015. Actuarial Assumptions The actuarial assumptions used in the June 30, 2015 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, 2015 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Mortality rates were based on the RP-2014 (with MP-2014 improvement removed) Total Data Set Mortality Tables projected on a fully generational basis using the future mortality improvement scale inherent in the mortality projection included in the Social Security Administration’s 2014 Trustee Report. The actuarial assumptions used are based on plan experience from July 1, 2010 through June 30, 2014 and were first used in the June 30, 2015 valuation. The actuarial cost method used for computing the total pension liability is the Entry Age Normal – Level Percent of Payroll method. The actuarial assumptions and methods used in the June 30, 2015 valuation of the Public Employees’ Retirement Fund resulted in the following assumption changes: 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: Inflation 2.25% Salary Increases 2.5% to 4.25% Cost-of-living increases 1.00% Inflation Rate Assumption changed from 3.00% to 2.25% per year Future Salary Increases Assumption changed from a range of 3.25% to 4.50% to a range of 2.5% to 4.25% Retirement, termination, and disability assumptions Updated based on recent experience ASA annuitization assumption Updated from 50% of members assumed to annuitize their ASA balance to 60% of members to annuitize their ASA balance prior to January 1, 2017 Mortality Assumption Changed from the 2013 IRS Static Mortality projected five years with Scale AA to RP-2014 (with MP-2014 improvement removed) Total Data Set Mortality Table projected on a fully generational basis using the furture mortality improvement scale inherent in the mortality projection included in the Social Security Administration's 2014 Trustee Report 64 ---PAGE BREAK--- Long Term Target Expected Real Allocation Rate of Return Public Equity 22.5 5.3 Private Equity 10.0 5.6 Fixed Income - Ex Inflation Linked 22.0 2.1 Fixed Income - Inflation Linked 10.0 0.7 Commodities 8.0 2.0 Real Estate 7.5 3.0 Absolute Return 10.0 3.9 Risk Parity 10.0 5.0 Total 100.0 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, 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: Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions As of December 31, 2015, the primary government recorded a pension liability of $45,957,812 for their proportionate share of the net pension liability. The net pension liability was measured as of June 30, 2015, 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, 2015, the primary government’s proportion was .0112838 percent, which was an increase of .0006681 from its proportion measured as of June 30, 2014. For the year ended June 30, 2015, the primary government recognized pension expense of $7,410,811. At June 30, 2015, the primary government reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Current 1% Decrease Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) County's proportionate share of the net pension liability 67,791,711 $ 45,957,812 $ 27,831,687 $ 65 ---PAGE BREAK--- $2,809,553 for the primary government reported as deferred outflows of resources related to pensions resulting from the primary government’s contributions subsequent to the measurement date will be recognized as a reduction of net pension liability in the year ended December 31, 2015. 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 distributions from inactive, non-vested members’ annuity savings accounts. These distributions may be requested by members or automatically distributed by the fund when certain criteria are met. Valuation of Pension Plan Investments The pooled and non-pooled investments are reported at fair value. Fair value is the amount at which an investment could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. 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 Deferred Outflows Deferred Inflows of Resources of Resources Differences between expected and actual experience 1,972,723 $ 95,044 $ Net difference between projected and actual investment investment earnings on pension plan investments 7,749,060 4,322,160 Change of assumptions 3,884,980 - Changes in proportion and differences between employer contributions and proportionate share of contributions 1,483,926 1,159,164 Employer contributions subsequent to the measurement date 2,809,553 - 17,900,242 $ 5,576,368 $ Year Ended June 30 2016 3,060,108 $ 2017 3,060,108 2018 1,456,840 2019 1,937,265 2020 - Thereafter - 66 ---PAGE BREAK--- reported at cost, which approximates fair value or, for fixed income instruments, valued using similar methodologies as other fixed income securities described below. 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 securities pricing services. Securities that are not traded on a national security exchange are valued using modeling techniques that include market observable inputs required to develop a fair value. Commingled funds are valued using the net asset value (NAV) of the entity. Alternative investments include limited partnership interests in private equity, absolute return, private 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 market values, alternative investments are valued using current estimates of fair value obtained from the general partner or investment manager. Moreover, 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 equity 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 from the fair value. Derivative instruments are marked to market daily with changes in fair value recognized as part of investments and investment income. B. Single-Employer Defined Benefit Pension Plans 1. County Police Retirement Plan Plan Description The Allen County Police Retirement Plan (Plan) is a single-employer defined benefit pension plan established to provide retirement, termination/severance, disability, and survivor benefits for a person employed by the Allen County Police Department (Employer) as a County Policeman, Sheriff, or Deputy Sheriff with full police power (Employee), as such terms are used in Indiana Code. Indiana Code 36-8-10-12 grants the authority to the Employer and a trustee to establish and amend the benefit terms to the Plan with approval of the county fiscal body. The Plan was established on January 1, 1965 and is administered by the Committee. The composition of the Committee, according to the Plan legal document, shall be the Sheriff and the Merit Board (the Merit Board, per IC 36-8-10-3, consists of five members, three members appointed by the Sheriff, and two members elected by a majority vote of the members of the county police force). At December 31, 2015, 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 Inactive plan members or beneficiaties currently receiving benefits 91 Inactive plan members or beneficiaties entitled to but not yet receiving benefits 7 Active plan members 123 Total 221 67 ---PAGE BREAK--- average wage received during the highest paid sixty (60) calendar months before retirement (such calendar months must be consecutive) plus one dollar this sum multiplied by the member’s years of credited service up to twenty (20) years; plus an additional two percent of the member’s average wage, as outlined above, multiplied by the member’s years of credited service in excess of twenty (20) years up to an additional twelve (12) years. Members are eligible to retire as of normal retirement for an unreduced benefit upon attainment of age fifty-five (55) and completion of at least twenty (20) years of credited service, or age sixty (60). A member who continues employment beyond his normal retirement age shall be eligible for a late retirement benefit upon actual retirement equal to the member’s benefit earned in accordance to the normal retirement formula with credit given for subsequent service (provided that the thirty-two (32) year credited service maximum shall not be exceeded in computing the benefit). The severance benefit payable to a member prior to completion of five years of credited service or attainment of age forty-five (45) is a lump sum payment of the net amount of contributions (including interest ) plus the amount transferred by the member for the purchase of credited service. After completion of five years of credit service or attainment of age forty-five (45), a member may elect to receive a lump sum, as outlined above, or may leave the contributions in the plan and receive one hundred percent (100%) of the member portion of the accrued benefit deferred until his normal retirement date. Additionally, a benefit shall be payable equal to the amount earned under the normal retirement benefit formula, using credited service as of his date of severance, reduced by the member portion of the accrued benefit, multiplied by the vesting factor outlined in the plan document with respect to years of vesting service or age commencing on the member’s normal retirement date. If a member separates employment due to disability, he may elect to receive a lump sum payment of the net amount of contributions (including interest) plus the amount transferred by the member for the purchase of credited service, reducing the benefit that shall be payable from the Supplemental Benefit Plan. In the event an unmarried member dies prior to the commencement of any benefit from the Plan, 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 member who has completed less than twenty (20) years of vesting service dies prior to the commencement of any benefit from the Plan, the surviving spouse 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 member who has completed twenty (20) years of vesting service dies prior to the commencement of any benefit from the Plan, the surviving spouse may elect to receive a death benefit which shall be a lump sum equal to his net amount of contributions (including interest), reducing the benefit payable that shall be payable from the Supplemental Benefit Trust. 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, 2015, 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 28.0% of annual payroll. 68 ---PAGE BREAK--- 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 June 4, 2015. Rate of Return For the year ended December 31, 2015, the annual money-weighted rate of return on pension plan investments, net of pension plan expense was 6.75 percent. The money-weighted rate of return expresses the investment performance, net of investment expense, adjusted for the changing amounts actually invested. Deferred Retirement Option Program The Deferred Retirement Option Program (DROP) for the Plan was established on July 1, 2011 pursuant to the Plan’s legal document and is governed by the Employer and a trustee. Members of the Plan that are eligible to retire with an unreduced benefit may elect to accumulate a DROP benefit while continuing to work. At the time of their election, the member executes an irrevocable election to retire on a DROP retirement date and remain in active service, but the member does not contribute to the fund during the DROP period. A member who has attained age fifty-five (55) and completed at least twenty (20) years of service or attained age sixty (60) may irrevocably elect to enter the DROP for a period not longer than three years and shall not extend beyond the date the member is credited with thirty-two (32) years of service. From the date the member enters the DROP, he will not be 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, 2015, the balance of the amounts held by the plan pursuant to the DROP is $114,592. Net Pension Liability of the Plan The components of the net pension liability of the Plan at December 31, 2015 were as follows: Target Allocation Asset Class Percentage Domestic Large Stocks 28 Domestic Small Stocks 15 Domestic Bonds 24 High Yield Bonds 8 Dev. International Stocks 15 Emerging Market Stocks 5 Real Estate 0 Cash & Equivalents 5 Total 100 69 ---PAGE BREAK--- Pension Expense of the Plan Pension expense of $2,448,461 must be recognized for the fiscal year ending December 31, 2015. Significant Actuarial Assumptions Discount Rate The discount rate used to measure the total pension liability was 6.75% as of December 31, 2015, 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 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: Total pension liability 55,488,546 $ Plan fiduciary net position (42,988,177) Plan's net pension liability 12,500,369 $ Plan fiduciary net position as a percentage of the total pension liability 77.47% Measurement Date December 31, 2015 Valuation Date Assets December 31, 2015 Liabilities December 31, 2015 - Actual member census data as of December 31, 2015 was used in the valuation. Inflation Rate 3.00% per annum Future Salary Increases 4.00% per annum (3.00% increases due to inflation and 1.00% due to merit/seniority.) Investment Rate of Return 6.75% per annum, net of pension plan investment expenses, including inflation Cost of Living Increase Not Applicable Mortality Assumption RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Projection Scale MP-2015 (separate employee and annuitant tables and male and female tables) 70 ---PAGE BREAK--- Fiscal Year End Amortization December 31, 2016 1,086,138 $ December 31, 2017 1,086,138 December 31, 2018 1,086,138 December 31, 2019 929,676 December 31, 2020 25,616 Thereafter - Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At December 31, 2015, the deferred outflows/ (inflows) of resources based on obligations for the plan are as follows: The balances as of December 31, 2015 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 62,001,529 $ 55,488,546 $ 50,012,284 $ Plan Fiduciary Net Position 42,988,177 42,988,177 42,988,177 Net Pension Liability 19,013,352 $ 12,500,369 $ 7,024,107 $ Initial Annual December 31, 2015 Initial Balance Amortization Period Recognition Balance Liability experience losses/(gains): Base for year ending December 31, 2015 108,503 $ 5.157 21,040 $ 87,463 $ Base for year ending December 31, 2014 (430,349) 5.322 (80,862) (268,625) Base for year ending December 31, 2013 - N/A - - Changes in assumptions: Base for year ending December 31, 2015 732,983 $ 5.157 142,134 $ 590,849 $ Base for year ending December 31, 2014 1,239,380 5.322 232,879 773,622 Base for year ending December 31, 2013 - N/A - - Investment losses/(gains) Base for year ending December 31, 2015 3,587,780 $ 5.000 717,556 $ 2,870,224 $ Base for year ending December 31, 2014 266,954 5.000 53,391 160,172 Base for year ending December 31, 2013 - N/A - - 1,086,138 $ 4,213,705 $ 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 5.157 years, the average remaining service of all members with any liability in the plan as of January 1, 2015. The change in net pension liability due to investment losses/(gains) has been amortized over 5.0 years as prescribed. Assumption changes: The changes in assumptions for base year ending December 31, 2015 reflect the change 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%. 71 ---PAGE BREAK--- 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, 2015, Plan membership consisted of the following: Benefits Provided If a member becomes disabled after attainment of age forty (40) and completion of 10 years of credited service, the Plan shall provide a benefit payable for life or until recovery from the disability. The amount of the benefit shall be equal to the accrued retirement benefit, or the employer portion of the accrued benefit if employee contributions plus interest are withdrawn, payable at Normal Retirement Date. The participant may elect to begin receiving the actuarial equivalent of this benefit on his disability date. In the event that a member dies prior to completion of twenty (20) years of service and prior to the termination of his employment for whatever reason, there shall be payable a benefit of the lesser of two hundred dollars ($200) or twenty percent (20%) of the member’s compensation to such member’s surviving spouse to whom he was married on the date of his death for the spouse’s remaining lifetime. In the event that a member dies after completion of twenty (20) years of service and prior to the termination of his employment for whatever reason, 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 to such member’s surviving spouse to whom he was married on the date of his death for the spouse’s remaining lifetime. In addition to the 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 the lesser of thirty dollars ($30) or ten percent (10%) of the member’s compensation 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 Inactive plan members or beneficiaties currently receiving benefits 6 Inactive plan members or beneficiaties entitled to but not yet receiving benefits - Active plan members 123 Total 129 72 ---PAGE BREAK--- and the trust fund shall be liquidated. For the year ending December 31, 2015, the actuarially determined Employer’s contribution rate was 0.9% of annual payroll. Investment Policy The pension plan’s policy in regard to the allocation of invested assets is established and may be amended by the Board (per Plan legal document) by a majority vote of its members. To maintain compliance with the Investment Policy Statement, the Board retains the ability to implement changes in asset allocation. This will be accomplished by the direction of Fund cash flows to various asset classes and/or the reallocation of funds among asset categories. At its option, the Board may initiate a formal asset allocation study every three to five years to aid it in its asset allocation discussions and decisions. The Board desires the portfolios to be fully invested. Cash (or its equivalents) are not deemed a strategic asset of the overall Fund. The Board has revised the asset allocation policy on June 4, 2015. Rate of Return For the year ended December 31, 2015, the annual money-weighted rate of return on pension plan investments, net of pension plan expense was 6.75 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, 2015 were as follows: Pension Expense of the Plan Pension expense of $119,472 must be recognized for the fiscal year ending December 31, 2015. Significant Actuarial Assumptions Target Allocation Asset Class Percentage Domestic Large Stocks 28 Domestic Small Stocks 15 Domestic Bonds 24 High Yield Bonds 8 Dev. International Stocks 15 Emerging Market Stocks 5 Real Estate 0 Cash & Equivalents 5 Total 100 Total pension liability 1,806,821 $ Plan fiduciary net position (1,646,243) Plan's net pension liability 160,578 $ Plan fiduciary net position as a percentage of the total pension liability 91.11% Measurement Date December 31, 2015 Valuation Date Assets December 31, 2015 73 ---PAGE BREAK--- Discount Rate The discount rate used to measure the total pension liability was 6.75% as of December 31, 2015, 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: Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At December 31, 2015, the deferred outflows/(inflows) of resources based on obligations for the Plan are as follows: Liabilities December 31, 2015 - Actual member census data as of December 31, 2015 was used in the valuation. Inflation Rate 3.00% per annum Future Salary Increases 4.00% per annum (3.00% increases due to inflation and 1.00% due to merit/seniority.) Investment Rate of Return 6.75% per annum, net of pension plan investment expenses, including inflation Cost of Living Increase Not Applicable Mortality Assumption RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Projection Scale MP-2015 (separate employee and annuitant tables and male and female tables) Current 1% Decrease Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) Total Pension Liability 2,043,832 $ 1,806,821 $ 1,608,863 $ Plan Fiduciary Net Position 1,646,243 1,646,243 1,646,243 Net Pension Liability (Asset) 397,589 $ 160,578 $ (37,380) $ 74 ---PAGE BREAK--- Fiscal Year End Amortization December 31, 2016 38,540 $ December 31, 2017 38,540 December 31, 2018 38,540 December 31, 2019 36,194 December 31, 2020 5,690 Thereafter 5,124 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 8.846 years, the average remaining service of all members with any liability in the plan as of January 1, 2015. The change in net pension liability due to investment losses/(gains) has been amortized over 5.0 years as prescribed. Assumption changes: The changes in assumptions for base year ending December 31, 2015 reflect the change 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%. The balances as of December 31, 2015 of the deferred outflows/(inflows) of resources will be recognized in pension expense as follows Initial Annual December 31, 2015 Initial Balance Amortization Period Recognition Balance Liability experience losses/(gains): Base for year ending December 31, 2015 (142,295) $ 8.846 (16,086) $ (126,209) $ Base for year ending December 31, 2014 83,472 9.086 9,187 65,098 Base for year ending December 31, 2013 - N/A - - Changes in assumptions: Base for year ending December 31, 2015 63,730 $ 9.846 7,204 $ 56,526 $ Base for year ending December 31, 2014 48,929 9.086 5,385 38,159 Base for year ending December 31, 2013 - N/A - - Investment losses/(gains) Base for year ending December 31, 2015 152,520 $ 5.000 30,504 $ 122,016 $ Base for year ending December 31, 2014 11,728 5.000 2,346 7,036 Base for year ending December 31, 2013 - N/A - - 38,540 $ # 162,626 $ 75 ---PAGE BREAK--- 3. Financial Statements for Defined Benefit Plans County Police County Police Retirement Plan Benefit Plan Assets Cash and cah equivalents 2,504,214 $ 287,697 $ Receivables: Employee contributions 15,388 - Accrued interest and dividends 26,816 24 Total receivables 42,204 24 Investments: Fixed income securities 13,248,685 254,173 Domestic and foreign equities 27,207,038 1,090,385 Total investments 40,455,723 1,344,558 Total Assets 43,002,141 1,632,279 Liabilities Payables: Net benefits due and unpaid/(overpaid) - - Transfers out of trust - - Other - - Total Liabilities - - Net position restricted for Pension 43,002,141 1,632,279 STATEMENT OF FIDUCIARY NET POSITION 76 ---PAGE BREAK--- County Police County Police Retirement Plan Benefit Plan Additions Contributions: Employer 1,913,674 55,854 Employee 196,306 N/A Total contributions 2,109,980 55,854 Investment Income: Interest and Dividends 925,200 34,389 Net decrease in fair value of investments (1,541,888) (72,880) Less investment expense (6,651) - Net investment income (623,339) (38,491) Total additions 1,486,641 17,363 Deductions Benefit payments (including refunds of employee contributions) 2,690,363 65,021 Administrative expense 87,552 843 Total deductions 2,777,915 65,864 Net increase (decrease) in Net Pension (1,291,274) (48,501) Net Position Restricted for Pensions Beginning of year 44,279,450 1,694,744 End of year 42,988,176 1,646,243 STATEMENT OF CHANGES IN FIDUCIARY NET POSITION 77 ---PAGE BREAK--- County Police Retirement Plan 2015 2014 Total Pension liability Service Cost 902,114 $ 901,082 $ Interest 3,533,405 3,489,167 Changes in plan provisions - - Difference between expected and acutal experience 108,503 (430,349) Change in assumptions 732,983 1,239,380 Benefit payments (2,690,363) (2,708,792) Net change in Total Pension Liability 2,586,642 2,490,488 Total pension liability - beginning of year 52,901,904 50,411,416 Total pension liability - end of year 55,488,546 $ 52,901,904 $ Plan fiduciary net position County contributions 1,913,674 $ 1,880,580 $ Employee contributions 196,306 186,665 Net transfers into (out of) trust (13,964) - Net investment income (623,338) 2,669,670 Benefit payments (2,690,363) (2,708,792) Administrative expenses (87,552) (104,620) Other 13,964 - Net change in Plan Fiduciary Net Position (1,291,273) 1,923,503 Plan fiduciary net position - beginning of year 44,279,450 42,355,947 Plan fiduciary net position - end of year 42,988,177 $ 44,279,450 $ Net Pension Liability (Asset) - End of Year - 12,500,369 $ 8,622,454 $ Plan fiduciary net position as a percentage of the total pension liability 77.47% 83.70% Covered-employee payroll 6,869,667 6,456,147 Net pension liability as a percentage of covered-employee payroll 181.96% 133.55% Notes to Schedule: *Information presented for the years information is available ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION Last 10 Years* SCHEDULE OF CHANGES IN THE COUNTY'S NET PENSION LIABILITY AND RELATED RATIOS 78 ---PAGE BREAK--- County Police Benefit Plan 2015 2014 Total pension liability Service Cost 73,017 $ 54,354 $ Interest 121,101 108,193 Changes in plan provisions - - Difference between expected and acutal experience (142,295) 83,472 Change in assumptions 63,730 48,929 Benefit payments (65,021) (65,291) Net change in Total Pension Liability 50,532 229,657 Total pension liability - beginning of year 1,756,289 1,526,632 Total pension liability - end of year 1,806,821 $ 1,756,289 $ Plan fiduciary net position County contributions 55,854 $ 70,445 $ Employee contributions N/A N/A Net transfers into (out of) trust - Net investment income (38,491) 99,777 Benefit payments (65,021) (65,291) Administrative expenses (843) (703) Other - - Net change in Plan Fiduciary Net Position (48,501) 104,228 Plan fiduciary net position - beginning of year 1,694,744 1,590,516 Plan fiduciary net position - end of year 1,646,243 $ 1,694,744 $ Net Pension Liability (Asset) - End of Year - 160,578 $ 61,545 $ Plan fiduciary net position as a percentage of the total pension liability 91.11% 96.50% Covered-employee payroll 6,869,667 6,456,147 Net pension liability as a percentage of covered-employee payroll 2.34% 0.95% Notes to Schedule: *Information presented for the years information is available ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN THE COUNTY'S NET PENSION LIABILITY AND RELATED RATIOS Last 10 Years* 79 ---PAGE BREAK--- 2015 2014 2013 2012 2011 2010 County Police Retirement Plan Actuarially determined contribution** 1,770,122 $ 1,744,741 $ 1,699,803 $ 1,593,248 $ 1,719,383 $ 1,712,696 $ County contributions recognized 1,913,674 1,880,580 1,832,170 1,723,869 1,865,658 1,881,767 Contribution deficienty (excess) (143,552) $ (135,839) $ (132,367) $ (130,621) $ (146,275) $ (169,071) $ Covered - employee payroll 6,456,147 $ 6,309,482 $ 6,183,034 $ 6,118,166 $ 5,983,558 $ 6,250,714 $ Contributions as a percentage of covered-employee payroll 29.64% 29.81% 29.63% 28.18% 31.18% 30.10% Notes to schedule Valuation date: Actuarailly 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 30 years Asset valuation method Inflation 4.00% Salary increases 4.50% average, including inflation Investment rate of return 7.00% Retirement age Mortality Other Information: None *Schedule presented for years information available female tables) limited to 80% and 120% of market value The later of 55 and 20 years of service, but not later than age 60, or IRS Combined Mortality Tables for Small Plans (separate male and ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF COUNTY CONTRIBUTIONS Last 10 Years* 75% of expected actuarial value plus 25% of actual market value, one year from the valuation date 80 ---PAGE BREAK--- 2015 2014 2013 2012 2011 2010 County Police Benefit Plan Actuarially determined contribution** 55,854 $ 70,445 $ 89,939 $ 103,962 $ 85,351 $ 88,233 $ County contributions recognized 55,854 70,445 89,939 103,962 85,351 88,233 Contribution deficienty (excess) - $ - $ - $ - $ - $ - $ Covered - employee payroll 6,456,147 $ 6,309,482 $ 6,183,034 $ 6,118,166 $ 5,983,558 $ 6,250,714 $ Contributions as a percentage of covered-employee payroll 0.87% 1.12% 1.45% 1.70% 1.43% 1.41% Notes to schedule Valuation date: Actuarailly 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 4.00% Salary increases 4.50% average, including inflation Investment rate of return 7.00% Retirement age Mortality Other Information: None *Schedule presented for years information available female tables) The later of 55 and 20 years of service (but not later than age 60) or IRS Combined Mortality Tables for Small Plans (separate male and ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF COUNTY CONTRIBUTIONS Last 10 Years* limited to 80% and 120% of market value 75% of expected actuarial value plus 25% of actual market value, one year from the valuation date 81 ---PAGE BREAK--- 2015 2014 2013 2012 2011 County Police Retirement Plan Annual money-weighted rate of return (1.43%) 6.35% 14.90% 10.30% -1.40% 2010 2009 2008 2007 2006 Annual money-weighted rate of return 12.40% 24.90% -22.90% 7.30% 13.90% ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF INVESTMENT RETURNS Last 10 Fiscal Years 82 ---PAGE BREAK--- 2015 2014 2013 County Police Benefit Plan Annual money-weighted rate of return (2.35%) 6.29% 14.80% *Schedule presented for the years information available. ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF INVESTMENT RETURNS Last 10 Fiscal Years* 83 ---PAGE BREAK--- Proportion of the Proportionate Share Net Pension Liability Net Pension of the Net Pension Actual Covered (Asset) as a Percentage Year Ended Liability (Asset) Liability (Asset) Member Payroll of Covered Payroll June 30, 2015 1.12838% 45,957,812 $ 54,047,347 85.03% June 30, 2014 1.06157% 27,897,371 51,829,153 53.83% Notes to Schedule: * Information presented for the years information is available. The data provided in the schedule is based as of the measurement date of INPRS (PERF) net pension liability. ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF PROPORTIONATE SHARE NET PENSION LIABILITY AND REALTED RATIOS Last 10 Years* INPRS (PERF) 84 ---PAGE BREAK--- Statutorily Actual Required Actual Covered Contributions as a Contribution Employer Member Percentage of Year Ended Percentage Contributions Payroll Covered Payroll June 30, 2015 11.20% 5,535,190 $ 54,047,347 10.24% June 30, 2014 11.20% 4,890,857 51,829,153 9.44% Notes to Schedule: * Information presented for the years information is available. The data provided in the schedule is based as of the measurement date of INPRS (PERF) net pension liability. ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF EMPLOYER CONTRIBUTIONS Last 10 Years* INPRS (PERF) 85 ---PAGE BREAK--- Retiree Health Care and Early Retiree Incentive Plan Unfunded Actuarial AAL as a Actuarial Accrued Percentage Actuarial Value of Liability Unfunded Funded Covered of Covered Valuation Assets (AAL) AAL Ratio Payroll Payroll Date (a-b) (a/b) 1-1-2013 - 7,509,487 (7,509,487) 0% 54,307,794 (14%) 1-1-2014 - 7,766,894 (7,766,894) 0% 55,937,028 (14%) 1-1-2015 - 8,212,772 (8,212,772) 0% 57,629,696 (14%) ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULES OF FUNDING PROGRESS 86 ---PAGE BREAK--- Variance Variance Variance Actual With Final Actual With Final Actual With Final Amounts Budget Amounts Budget Amounts Budget (Budgetary Positive (Budgetary Positive (Budgetary Positive Original Final Basis) (Negative) Original Final Basis) (Negative) Original Final Basis) (Negative) Revenues: Taxes: Property 53,463,811 $ 53,463,811 $ 54,438,970 $ 975,159 $ - $ - $ - $ - $ 14,292,195 $ 14,292,196 $ 14,415,955 $ 123,759 $ Licenses and permits 1,835,000 1,835,000 2,190,730 355,730 - - - - - - - - Intergovernmental 11,153,254 11,153,254 11,313,767 160,513 - - - - 223,000 223,000 208,121 (14,879) Charges for services 3,707,712 3,707,712 4,212,305 504,593 - - - - - - - - Fines and forfeits 1,200,000 1,200,000 1,336,119 136,119 - - - - - - - - Other 1,516,350 1,516,350 2,042,052 525,702 - 399,768 399,768 - - - 2,191 2,191 Total revenues 72,876,127 72,876,127 75,533,943 2,657,816 - 399,768 399,768 - 14,515,195 14,515,196 14,626,267 111,071 Expenditures: Current: General government 26,407,852 27,890,975 26,380,101 1,510,874 - 525 525 - 14,515,195 14,475,255 14,354,877 120,378 Public safety 40,901,510 41,810,578 40,645,345 1,165,233 - - - - - - - Highway and streets - - - - - 1,700,000 1,153,850 546,150 - - - - Health and welfare 5,445,029 5,481,713 5,385,923 95,790 - - - - - - - - Culture and recreation 524,736 524,736 505,848 18,888 - - - - - - - - Economic development - - 78,015 (78,015) - - - - - - - - Total expenditures 73,279,127 75,708,002 72,995,232 2,712,770 - 1,700,525 1,154,375 546,150 14,515,195 14,475,255 14,354,877 120,378 Other financing sources (uses): Transfers In 400,000 400,000 1,108,164 708,164 - - - - - - - - Transfers Out - - (120,000) (120,000) - - - - - - - - Temporary loan proceeds - 6,500,000 6,500,000 - - (6,500,000) (6,500,000) - - - - - Repayment of temporary loan - (6,500,000) (6,500,000) - - 6,500,000 6,500,000 - - - - - Total other financing sources (uses) 400,000 400,000 988,164 588,164 - - - - - - - - Net change in fund balances (3,000) (2,431,875) 3,526,875 5,958,750 - (1,300,757) (754,607) 546,150 - 39,941 271,390 231,449 Fund balances - beginning 7,925,212 7,925,212 7,925,212 - 13,530,057 13,530,057 13,530,057 - 370,455 370,455 370,455 - Fund balances - December 31 7,922,212 $ 5,493,337 $ 11,452,087 $ 5,958,750 $ 13,530,057 $ 12,229,300 $ 12,775,450 $ 546,150 $ 370,455 $ 410,396 $ 641,845 $ 231,449 $ ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION BUDGETARY COMPARISON SCHEDULES - GENERAL FUND AND MAJOR SPECIAL REVENUE FUNDS For The Year Ended December 31, 2015 Budgeted Amounts County Option Income Tax Distributive Shares General Fund Budgeted Amounts Rainy Day Fund Budgeted Amounts 87 ---PAGE BREAK--- The major differences between Budgetary (Non-GAAP) basis and GAAP basis are: a. Revenues are recorded when received in cash (budgetary) as opposed to susceptible to accrual (GAAP). b. Expenditures are recorded when paid in cash (budgetary) as opposed to when the liability is incurred (GAAP). County Option Rainy Income Tax General Day Distributive Shares Net change in fund balances (budgetary basis) 3,526,875 $ (754,607) $ 271,390 $ Adjustments: To adjust revenues for accruals (468,464) 855,243 2,510,692 To adjust expenditures for accruals (59,570) - (2,573,090) Net change in fund balances (GAAP basis) 2,998,841 $ 100,636 $ 208,992 $ 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, 2015 88 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 County Option Juvenile Income Tax County Local Road Service of County Detention Assets Public Safety Highway and Street Process Health Alternative Grant Cash and cash equivalents 726,569 $ 4,466,753 $ 1,437,160 $ 760 $ 2,419,597 $ 18,828 $ Investments - 1,023,105 408,812 - 414,797 5,000 Receivables (net of allowances for uncollectibles): Interest - 7,720 - - 2,236 - Taxes 640,492 105,536 - - 107,953 - Accounts - 15,433 - 35,894 5,750 - Special assessments - - - - - - Intergovernmental - 24,178 154,464 - 6,653 - Interfund receivables: Interfund loans - 632,118 1,155,753 - - - Assets held for resale - - - - - - Total assets 1,367,061 $ 6,274,843 $ 3,156,189 $ 36,654 $ 2,956,986 $ 23,828 $ Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable - $ 395,083 $ 180,061 $ - $ 16,358 $ - $ Accrued payroll and withholdings payable - 212,631 - - 145,572 7,348 Interfund payables: Interfund loans - 1,153,850 - - - - Total liabilities - 1,761,564 180,061 - 161,930 7,348 Deferred inflows of resources: Unavailable revenue - property taxes - - - - 90,199 - Unavailable revenue - license excise taxes - - - - 17,754 - Unavailable revenue - income taxes 640,492 - - - - - Total deferred inflows of resources 640,492 - - - 107,953 - Fund balances: Nonspendable fund balance - $ - $ - $ - $ - $ - $ Restricted fund balance 726,569 4,513,279 2,976,128 36,654 2,687,103 16,480 Committed fund balance - - - - - - Assigned fund balance - - - - - - Unassigned fund balance - - - - - - Total fund balances 726,569 4,513,279 2,976,128 36,654 2,687,103 16,480 Total liabilities, deferred inflows of resources, and fund balances 1,367,061 $ 6,274,843 $ 3,156,189 $ 36,654 $ 2,956,986 $ 23,828 $ 89 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Supplemental Supplemental County Juvenile Adult Probation Accident Surveyor's Corner Firearms County Probation Services Services Report Perpetuation Training Extradition 85,981 $ 38,891 $ 34,064 $ 636,017 $ 26,901 $ 44,729 $ 16,918 - - - - - - - - - - - - - - - - - 9,803 2,168 2,352 6,560 - 1,075 - - - - - - - - - - - - - - - - - - - - - - - - 112,702 $ 41,059 $ 36,416 $ 642,577 $ 26,901 $ 45,804 $ 11,168 $ 5,042 $ - $ - $ - $ 6,156 $ - 26,770 - 2,816 - - - - - - - - 11,168 31,812 - 2,816 - 6,156 - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ 101,534 9,247 36,416 639,761 26,901 39,648 - - - - - - - - - - - - - - - - - - 101,534 9,247 36,416 639,761 26,901 39,648 112,702 $ 41,059 $ 36,416 $ 642,577 $ 26,901 $ 45,804 $ 90 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Recorders County Law Records Drainage Jail Local Health County Enforcement Perpetuation Maintenance Commissary Maintenance User Fee Continuing Education 458,062 $ 5,036,825 $ 711,395 $ 246,736 $ 60,196 $ 2,657 $ 97,220 954,944 - 50,067 - - 524 - - - - - - - - - - - 43,861 - - - 3,619 2,968 - 27,430 - - - - - 1,101 - - - - - - - - - - - - - - - - 599,667 $ 6,020,300 $ 711,395 $ 296,803 $ 63,815 $ 5,625 $ 24,411 $ 16,469 $ - $ - $ 1,752 $ - $ 21,058 - - 7,381 - - - - - - - - 45,469 16,469 - 7,381 1,752 - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ 554,198 6,003,831 711,395 - 62,063 5,625 - - - 289,422 - - - - - - - - - - - - - - 554,198 6,003,831 711,395 289,422 62,063 5,625 599,667 $ 6,020,300 $ 711,395 $ 296,803 $ 63,815 $ 5,625 $ 91 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 County Community Corrections - Redevelopment Hazardous Deterrent Corrections Corrections Home Detention Commission Waste Program 223,959 $ 531,959 $ 404,992 $ 7,221 $ 2,439,566 $ 15,622 $ - - - 1,571 482,002 - - - - - 2,599 - - - - - - - - - 37,730 - - - - - - - - - - 196,988 - - - - - - - - - - - - - - - - 223,959 $ 728,947 $ 442,722 $ 8,792 $ 2,924,167 $ 15,622 $ 4,870 $ 36,038 $ 6,264 $ 8,426 $ - $ 9,972 $ - 112,079 63,298 - - - - - 30,748 - - - 4,870 148,117 100,310 8,426 - 9,972 - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ 219,089 580,830 342,412 366 2,924,167 5,650 - - - - - - - - - - - - - - - - - - 219,089 580,830 342,412 366 2,924,167 5,650 223,959 $ 728,947 $ 442,722 $ 8,792 $ 2,924,167 $ 15,622 $ 92 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Record Narcotics Nonreverting Development Right to Know Inspection Check Plat Book 47,405 $ 494,963 $ 89,583 $ 235,916 $ 5,114 $ 94,592 $ 297,361 $ - 98,353 17,699 - - - - - 530 - - - - - - - - - - - - - - - - - 4,635 565 - - - - - - - - - - - - - - - - 184,303 - - - - - - - - - - - 47,405 $ 593,846 $ 291,585 $ 235,916 $ 5,114 $ 99,227 $ 297,926 $ - $ 7,245 $ - $ - $ - $ 1,033 $ 4,168 $ - - - - - - - - - - - - - - - 7,245 - - - 1,033 4,168 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 47,405 586,601 - 235,916 5,114 98,194 293,758 - - 291,585 - - - - - - - - - - - - - - - - - - 47,405 586,601 291,585 235,916 5,114 98,194 293,758 47,405 $ 593,846 $ 291,585 $ 235,916 $ 5,114 $ 99,227 $ 297,926 $ 93 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances County Supplemental ICJI Court Drug Free Public Defender Community Public Drug Appointed Community Services Supervision Information Task Force Special Advocate 159,526 $ 150,653 $ 30,367 $ 601,724 $ 38,807 $ 191,192 $ - - - - - - - - - - - - - - - - - - 12,261 2,466 - 59,723 - - - - - - - - - - - - - - - - - - - - - - - - - - 171,787 $ 153,119 $ 30,367 $ 661,447 $ 38,807 $ 191,192 $ - $ 9,573 $ 11,757 $ 15,945 $ - $ - $ - - - 7,392 - 7,032 - - - - - - - 9,573 11,757 23,337 - 7,032 - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ 171,787 143,546 18,610 - 38,807 - - - - 638,110 - 184,160 - - - - - - - - - - - - 171,787 143,546 18,610 638,110 38,807 184,160 171,787 $ 153,119 $ 30,367 $ 661,447 $ 38,807 $ 191,192 $ 94 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Park and Indiana Law Department County Law Prosecutor Tax Recreation Enforcement of Planning Statewide 911 Enforcement PCA Sale Fee Gift Assist Grant Services 1,928,575 $ 66,493 $ 32,605 $ 309,485 $ 131,348 $ 5,194 $ 187,054 $ 387,420 - 6,911 - 25,650 - - 2,089 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,318,084 $ 66,493 $ 39,516 $ 309,485 $ 156,998 $ 5,194 $ 187,054 $ - $ - $ - $ 5,045 $ - $ - $ - $ - - - 5,191 - - - - - - - - - - - - - 10,236 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 2,318,084 66,493 39,516 299,249 156,998 5,194 - - - - - - 187,054 - - - - - - - - - - - - - - 2,318,084 66,493 39,516 299,249 156,998 5,194 187,054 2,318,084 $ 66,493 $ 39,516 $ 309,485 $ 156,998 $ 5,194 $ 187,054 $ 95 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Superior Medical Care Chemical Infraction Court Pre-Trial Court for Inmates Testing Jury Fee Deferral Fee ADR Plan Diversion ADR Plan 11,748 $ 95,845 $ 942 $ 159,936 $ 30,463 $ 117,275 $ 10,327 $ - - - - - - - - - - - - - - - - - - - - - - 1,480 3,316 51,934 1,005 20,956 1,105 - - - - - - - - - - 57,995 - 30,387 - - - - - - - - - - - - - - - 11,748 $ 97,325 $ 4,258 $ 269,865 $ 31,468 $ 168,618 $ 11,432 $ - $ 2,926 $ - $ 17,750 $ - $ - $ - $ - - - 38,666 - - - - - - - - - - - 2,926 - 56,416 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 11,748 - 4,258 213,449 31,468 168,618 11,432 - 94,399 - - - - - - - - - - - - - - - - - - - 11,748 94,399 4,258 213,449 31,468 168,618 11,432 11,748 $ 97,325 $ 4,258 $ 269,865 $ 31,468 $ 168,618 $ 11,432 $ 96 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Campaign Community Allen County Algor Mortis Finance Surveyor's Federal Transitions Stormwater Morgue Study Enforcement Petition Asset Seizure Program Study 463 $ 186 $ 4,452 $ 6,278 $ 776,642 $ - $ 53,369 $ - - - - 151,984 - 10,545 - - - - 819 - - - - - - - - - - - - - 8,099 - - - - - - - - - - - - - - 71,100 - - - - - - - - - - - - - - - 463 $ 186 $ 4,452 $ 6,278 $ 937,544 $ 71,100 $ 63,914 $ - $ - $ - $ - $ - $ - $ - $ - - - - - 18,624 - - - - - - 119,366 - - - - - - 137,990 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 463 186 4,452 6,278 937,544 - 63,914 - - - - - - - - - - - - - - - - - - - (66,890) - 463 186 4,452 6,278 937,544 (66,890) 63,914 463 $ 186 $ 4,452 $ 6,278 $ 937,544 $ 71,100 $ 63,914 $ 97 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Internet Prisoner Public Defender Command Record and Drug Sales Access Reimbursement User Fees Unit Perpetuation User Fees Disclosure 145,677 $ 7,447 $ 35,846 $ 10,045 $ 155,223 $ 51,802 $ 49,663 $ - 1,473 6,876 1,985 - - 9,345 - - - - - - - - - - - - - - - - 728 - 20,735 41,786 410 - - - - - - - 1,711 - - - 582 - - - - - - - - - - - - - - - - 147,388 $ 8,920 $ 43,450 $ 12,030 $ 176,540 $ 93,588 $ 59,418 $ - $ - $ - $ - $ - $ 48,285 $ - $ - - 1,111 - 2,759 30,731 - - - - - - - - - - 1,111 - 2,759 79,016 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ - - 42,339 12,030 173,781 14,572 59,418 147,388 8,920 - - - - - - - - - - - - - - - - - - - 147,388 8,920 42,339 12,030 173,781 14,572 59,418 147,388 $ 8,920 $ 43,450 $ 12,030 $ 176,540 $ 93,588 $ 59,418 $ 98 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Tangible Youth Juvenile Center Levy Children's Federal Sheriff Incentive Services Per Per Diem Excess Home Gift Asset Seizure Donation Program Diem Fees Fees 7,367 $ 51,186 $ 11,295 $ 25,455 $ 716 $ 150,445 $ 85,117 $ - - 2,232 5,084 - 33,444 14,790 - - - - - - - - - - - - - - - - - - - 581 385 - - - - - - - - - - - - 48,903 2,100 - - - - - - - - - - - - - - 7,367 $ 51,186 $ 13,527 $ 30,539 $ 716 $ 233,373 $ 102,392 $ - $ 1,228 $ - $ - $ - $ 8,284 $ - $ - - - - - 23,661 - - - - - - - - - 1,228 - - - 31,945 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 7,367 49,958 13,527 30,539 716 - - - - - - - 201,428 102,392 - - - - - - - - - - - - - - 7,367 49,958 13,527 30,539 716 201,428 102,392 7,367 $ 51,186 $ 13,527 $ 30,539 $ 716 $ 233,373 $ 102,392 $ 99 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Check Adult Improvement Tobacco St. Joseph Deception Protective Unsafe Project Master Plan Foundation HIV/AIDS Program Services Building Allen-CIP-FY-03/04 Program Lead Program Program 11,225 $ - $ 56,643 $ 14,692 $ 34,808 $ 7,759 $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 92,038 - - - - 11,310 - - - - - - - - - - - - - - 11,225 $ 92,038 $ 56,643 $ 14,692 $ 34,808 $ 7,759 $ 11,310 $ - $ - $ - $ - $ - $ - $ - $ - 14,700 - - 6,659 - - - - 77,338 - - - - 11,310 - 92,038 - - 6,659 - 11,310 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 11,225 - 56,643 14,692 28,149 7,759 - - - - - - - - - - - - - - - - - - - - - - 11,225 - 56,643 14,692 28,149 7,759 - 11,225 $ 92,038 $ 56,643 $ 14,692 $ 34,808 $ 7,759 $ 11,310 $ 100 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Allen County Allen County Prevention and Great KIDS Courts Foreign Onsite Treatment Supplemental Make Great Electronic Map Language Wastewater Program Education COMMUNITIES Generation Interpreter Management - $ - $ 148,495 $ 33,978 $ 36,148 $ 4,613 $ - - - 6,712 - 1,013 - - - - - - - - - - - - - - 14,486 - - - - - - - - - 9,730 - - - - - - - - - - - - - - - - - 9,730 $ - $ 162,981 $ 40,690 $ 36,148 $ 5,626 $ - $ - $ 1,229 $ - $ 4,864 $ - $ 2,715 - - - - - 7,010 7,430 - - - - 9,725 7,430 1,229 - 4,864 - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ 5 - 161,752 40,690 31,284 5,626 - - - - - - - - - - - - - (7,430) - - - - 5 (7,430) 161,752 40,690 31,284 5,626 9,730 $ - $ 162,981 $ 40,690 $ 36,148 $ 5,626 $ 101 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Sheriff Identification Traffic Jury Fee Truancy Department Air Foundation Security Enforcement Circuit Court Reduction Training Service Pilot Grants Protection - $ 1,338 $ 15,372 $ 1,003 $ - $ 10,125 $ 35,924 $ - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,634 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ 1,338 $ 15,372 $ 1,003 $ - $ 10,125 $ 38,558 $ - $ - $ - $ - $ - $ - $ - $ - - 2,320 - - - - - - - - - - - - - 2,320 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ - 1,338 13,052 - - - 38,558 - - - 1,003 - 10,125 - - - - - - - - - - - - - - - - 1,338 13,052 1,003 - 10,125 38,558 - $ 1,338 $ 15,372 $ 1,003 $ - $ 10,125 $ 38,558 $ 102 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 State Legal ISDH Allen County Volunteer Homeland Enhanced On-site Education Immunization Courts Family Advocates Security Access Septic System Opportunity Grant Court Grant For Seniors Program 31 $ 125,107 $ 5 $ - $ 27,665 $ 26,692 $ - $ - 24,632 - - - 5,273 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 136,474 - - 2,596 - - - - - - - - - - - - - - 31 $ 149,739 $ 5 $ 136,474 $ 27,665 $ 31,965 $ 2,596 $ - $ - $ - $ - $ - $ - $ - $ - 4,539 - 1,215 - - - - - - 135,259 - - 2,596 - 4,539 - 136,474 - - 2,596 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 31 145,200 5 - 27,665 31,965 - - - - - - - - - - - - - - - - - - - - - - 31 145,200 5 - 27,665 31,965 - 31 $ 149,739 $ 5 $ 136,474 $ 27,665 $ 31,965 $ 2,596 $ 103 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Allen County Bullet Smoking Sex/Violent Criminal Alien Problem Auditor's Sheriff Proof Vest Ordinance Offender Assistance Solving Ineligible Training Partnership Coordination Admin Program Court Deductions Center 195 $ 89 $ 29,155 $ 19,111 $ 17,471 $ 1,064,598 $ 32,693 $ - - 6,007 - 3,454 83,741 6,521 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 195 $ 89 $ 35,162 $ 19,111 $ 20,925 $ 1,148,339 $ 39,214 $ - $ - $ 1,298 $ - $ 4,619 $ 150,149 $ - $ - - - - - 10,916 - - - - - - - - - - 1,298 - 4,619 161,065 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 195 89 33,864 19,111 16,306 987,274 39,214 - - - - - - - - - - - - - - - - - - - - - 195 89 33,864 19,111 16,306 987,274 39,214 195 $ 89 $ 35,162 $ 19,111 $ 20,925 $ 1,148,339 $ 39,214 $ 104 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 ACCC DUI Aggressive Refugee Courtools Dept. Adult Task Force Driving Interpreter/ Court Reform GIS Fines Probation Enforcement Enforcement Translator Grant Infrastructure Collections Grant - $ - $ 21,574 $ 1,453 $ 309,259 $ 6,580 $ 112,080 $ - - - - 64,085 - 1,820 - - - - - - - - - - - - - - - - - - - 550 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ 21,574 $ 1,453 $ 373,344 $ 7,130 $ 113,900 $ - $ - $ - $ - $ 1,000 $ - $ - $ - - - - - - - - - - - - - - - - - - 1,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ - - 21,574 1,453 - - 113,900 - - - - 372,344 7,130 - - - - - - - - - - - - - - - - - 21,574 1,453 372,344 7,130 113,900 - $ - $ 21,574 $ 1,453 $ 373,344 $ 7,130 $ 113,900 $ 105 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Radon and ARRA County Corrections Healthy Elected County Offender Clerk IV-D IV-D Commissary Homes Official Training Transportation Incentive Incentive - $ - $ 121,780 $ 14,143 $ 5 $ 68,442 $ - - 24,068 - - 16,011 - - - - - - - - - - - - - - 2,634 - - - - - - - - - - 3,000 - - - 35,214 - - - - - - - - - - - - - $ 3,000 $ 148,482 $ 14,143 $ 5 $ 119,667 $ - $ - $ - $ - $ - $ - $ - - - - - 7,342 - 3,000 - - - - - 3,000 - - - 7,342 - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - - 148,482 14,143 5 112,325 - - - - - - - - - - - - - - - - - - - - 148,482 14,143 5 112,325 - $ 3,000 $ 148,482 $ 14,143 $ 5 $ 119,667 $ 106 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Prosc IV-D Prosc IV-D Clerk IV-D Incentive Incentive Incentive Reassessment Clinic County General Drain Prior to 10/99 Post 10/99 Post 10/99 2015 Donation Bond Improvement 76,600 $ 15,630 $ 526,316 $ 580,367 $ 13,337 $ 1,860,736 $ 634,419 $ 15,133 4,907 105,878 99,066 - 339,653 119,740 - - 571 534 - 1,831 5,794 - - - 23,132 - 199,892 - - - - - - - - - - - - - - 12,244 - 52,999 35,214 - - - - - - - - - - - - - - - - - - 91,733 $ 73,536 $ 667,979 $ 703,099 $ 13,337 $ 2,402,112 $ 772,197 $ - $ 3,146 $ - $ 28,072 $ - $ - $ 69,333 $ - 19,995 9,518 10,646 - - - - - - - - - - - 23,141 9,518 38,718 - - 69,333 - - - 19,328 - 167,018 - - - - 3,804 - 32,874 - - - - - - - - - - - 23,132 - 199,892 - - $ - $ - $ - $ - $ - $ - $ 91,733 50,395 658,461 641,249 13,337 2,202,220 702,864 - - - - - - - - - - - - - - - - - - - - - 91,733 50,395 658,461 641,249 13,337 2,202,220 702,864 91,733 $ 73,536 $ 667,979 $ 703,099 $ 13,337 $ 2,402,112 $ 772,197 $ 107 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Cumulative Pleasant Great Batch Special COIT - Capital CASAD Nestle TIF Center Road TIF Flood Control Development East TIF Major Bridge II Bond Construction 135,249 $ 154,309 $ 4,767,015 $ 608,569 $ 2,863,037 $ 203,328 $ 1,601,835 $ 17,921 30,487 868,604 107,705 507,206 40,171 324,713 - 13,771 4,683 581 - - 1,751 - - 118,629 - 76,517 - - - - 150,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 153,170 $ 198,567 $ 5,908,931 $ 716,855 $ 3,446,760 $ 243,499 $ 1,928,299 $ - $ - $ 64,016 $ 106,047 $ 77,030 $ - $ - $ - - - - - - - 284,303 - - - - - - 284,303 - 64,016 106,047 77,030 - - - - 99,120 - 63,933 - - - - 19,509 - 12,584 - - - - - - - - - - - 118,629 - 76,517 - - - $ - $ - $ - $ - $ - $ - $ - - 5,726,286 610,808 3,293,213 243,499 1,928,299 - - - - - - - - 198,567 - - - - - (131,133) - - - - - - (131,133) 198,567 5,726,286 610,808 3,293,213 243,499 1,928,299 153,170 $ 198,567 $ 5,908,931 $ 716,855 $ 3,446,760 $ 243,499 $ 1,928,299 $ 108 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Community Parking Tax Woodburn Lincoln Development Mossman Garage Abatement Industrial Industrial Argo Drain Corporation Drain Bond of 2001 Development TIF TIF 124,633 $ 798,223 $ 16,048 $ 20,668 $ 298,528 $ 211 $ 214,213 $ 24,624 159,145 3,170 4,083 58,981 - 31,637 - 858 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 291,891 - - - - - - - - - 149,257 $ 958,226 $ 19,218 $ 24,751 $ 649,400 $ 211 $ 245,850 $ - $ 1,906 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - 1,906 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 149,257 - 19,218 24,751 - 211 245,850 - - - - 649,400 - - - 956,320 - - - - - - - - - - - - 149,257 956,320 19,218 24,751 649,400 211 245,850 149,257 $ 958,226 $ 19,218 $ 24,751 $ 649,400 $ 211 $ 245,850 $ 109 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Uniroyal Goodrich GM 2015 GM 2015B GM 2015A GM 2015A Nestle II TIF General Account Bond Bond Reserve Account Reserve Account 60,109 $ 293,386 $ 116,434 $ 331,221 $ 128,309 $ 89 $ - 5,620 22,999 65,425 25,350 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 60,109 $ 299,006 $ 139,433 $ 396,646 $ 153,659 $ 89 $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ 60,109 299,006 139,433 396,646 153,659 89 - - - - - - - - - - - - - - - - - - 60,109 299,006 139,433 396,646 153,659 89 60,109 $ 299,006 $ 139,433 $ 396,646 $ 153,659 $ 89 $ 110 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 2005B Supplemental Vera Bradley Little River Bandalier Interest Account Reserve Account TIF TIF Joint Drain TIF 33,340 $ 193,895 $ 2,699 $ 89,594 $ 313,408 $ 39,706 $ 6,586 38,309 - 3,042 60,042 1,564 - - - - - - - - - - - - - - - - - - - - - - 2,455 - - - - - 815 - - - - - - - - - - - - - 39,926 $ 232,204 $ 2,699 $ 92,636 $ 376,720 $ 41,270 $ - $ - $ - $ - $ 4,600 $ - $ - - - - - - - - - 521,543 - 258,891 - - - 521,543 4,600 258,891 - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ 39,926 232,204 2,699 - 372,120 - - - - - - - - - - - - - - - - (428,907) - (217,621) 39,926 232,204 2,699 (428,907) 372,120 (217,621) 39,926 $ 232,204 $ 2,699 $ 92,636 $ 376,720 $ 41,270 $ 111 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Jackson Allen County Road East Brookwood Oak Crossing Industrial Redevelopment Sur/Wheel TIF TIF TIF TIF Capital Tax Bridge 29,768 $ 61,932 $ 349,200 $ 88,379 $ 2,554,967 $ 1,632,848 $ 5,332 - 32,290 - 505,230 378,403 - - - - 2,724 2,040 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,410,381 - 35,100 $ 61,932 $ 381,490 $ 88,379 $ 6,473,302 $ 2,013,291 $ - $ - $ - $ - $ 1,780 $ 192,241 $ - - - - - - 1,254,308 - 1,155,753 - - - 1,254,308 - 1,155,753 - 1,780 192,241 - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ 3,410,381 $ - $ - 61,932 - 88,379 3,061,141 1,821,050 - - - - - - - - - - - (1,219,208) - (774,263) - - - (1,219,208) 61,932 (774,263) 88,379 6,471,522 1,821,050 35,100 $ 61,932 $ 381,490 $ 88,379 $ 6,473,302 $ 2,013,291 $ 112 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2015 (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 Zubric Zubric Stonebridge Jail Justice Center Road Road Coverdale Business Park Building Building TIF II TIF TIF Project Corporation Corporation Totals 25,811 $ 19,697 $ 72,534 $ - $ 6,706 $ - $ 51,596,161 2,335 1,323 - - 2 20 8,488,260 - - - - - - 51,655 - - - - - - 1,272,151 - - - - - - 569,687 - - - - - - 42,129 - - - - - - 975,552 - - - - - - 2,264,065 - - - - - - 3,410,381 28,146 $ 21,020 $ 72,534 $ - $ 6,708 $ 20 $ 68,670,041 $ - $ - $ - $ - $ - $ - $ 1,566,639 $ - - - - - - 824,685 33,000 - - - - - 5,055,705 33,000 - - - - - 7,447,029 - - - - - - 439,598 - - - - - - 86,525 - - - - - - 640,492 - - - - - - 1,166,615 - $ - $ - $ - $ - $ - $ 3,410,381 - 21,020 72,534 - 6,708 20 55,156,575 - - - - - - 3,184,860 - - - - - - 1,154,887 (4,854) - - - - - (2,850,306) (4,854) 21,020 72,534 - 6,708 20 60,056,397 28,146 $ 21,020 $ 72,534 $ - $ 6,708 $ 20 $ 68,670,041 $ 113 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2015 County Option Juvenile Supplemental Income Tax County Local Road Service of County Detention Juvenile Public Safety Highway and Street Process Health Alternative Grant Probation Services Revenues: Taxes 2,898,088 $ 407,392 $ - $ - $ 2,174,586 $ - $ - $ Special assessments - - - - - - - Licenses and permits - 403,978 - - 1,249,718 - - Intergovernmental - 10,348,963 1,567,546 - 336,384 104,312 - Charges for services - 172,011 242,964 - 202,382 - 148,446 Fines and forfeits - - - 381,924 - - - Other 237 261,269 8,809 - 58,617 2,355 5,451 Total revenues 2,898,325 11,593,613 1,819,319 381,924 4,021,687 106,667 153,897 Expenditures: Current: General government - - - - - - - Public safety 2,718,473 - - 369,528 - 121,450 169,575 Highways and streets - 11,393,860 2,364,250 - - - - Sanitation - - - - - - - Economic development - - - - - - - Health and welfare - - - - 4,023,507 - - Culture and recreation - - - - - - - Debt service: Principal - - - - - - - Interest - - - - - - - Bond issuance costs - - - - - - - Capital outlay: Economic development - - - - - - - Special assessment - - - - - - - Total expenditures 2,718,473 11,393,860 2,364,250 369,528 4,023,507 121,450 169,575 Excess (deficiency) of revenues over (under) expenditures 179,852 199,753 (544,931) 12,396 (1,820) (14,783) (15,678) Other financing sources (uses): Bond Proceeds - - - - - - - Bond Premium - - - - - - - Payment to refunded bond escrow agent Transfers in - - - - - - - Transfers out - (1,153,850) - - - - - Total other financing sources and uses - (1,153,850) - - - - - Net change in fund balances 179,852 (954,097) (544,931) 12,396 (1,820) (14,783) (15,678) Fund balances - beginning 546,717 5,467,376 3,521,059 24,258 2,688,923 31,263 117,212 Fund balances - ending 726,569 $ 4,513,279 $ 2,976,128 $ 36,654 $ 2,687,103 $ 16,480 $ 101,534 $ 114 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Supplemental County Recorders Adult Probation Accident Surveyor's Corner Firearms County Records Drainage Services Report Perpetuation Training Extradition Perpetuation Maintenance - $ - $ - $ - $ - $ - $ - $ - - - - - - 920,826 - - - - - - - - - - - - - 1,101 608,462 37,354 72,075 53,125 4,000 559,950 - - - - - - - - 18,647 133 - 4,497 3,832 4,186 - 627,109 37,487 72,075 57,622 7,832 564,136 921,927 - - 52,014 - - 818,609 489,530 600,681 7,631 - 71,456 25,675 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 600,681 7,631 52,014 71,456 25,675 818,609 489,530 26,428 29,856 20,061 (13,834) (17,843) (254,473) 432,397 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 26,428 29,856 20,061 (13,834) (17,843) (254,473) 432,397 (17,181) 6,560 619,700 40,735 57,491 808,671 5,571,434 9,247 $ 36,416 $ 639,761 $ 26,901 $ 39,648 $ 554,198 $ 6,003,831 $ 115 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending County Law Enforcement Community Jail Local Health County Continuing County Community Corrections - Commissary Maintenance User Fee Education Corrections Corrections Home Detention - $ - $ - $ - $ - $ - $ - $ - - - - - - - - 92,290 - - - - - - 72,672 - - 218,074 3,322,300 - 1,742,701 - - 12,505 - - 1,962,400 - - 39,148 - - - - - 1,645 - 1,326 3,423 1,675 159,036 1,742,701 166,607 39,148 13,831 221,497 3,323,975 2,121,436 - - 34,548 - - - - 1,511,557 - - 12,368 180,116 3,001,724 1,341,662 - - - - - - - - - - - - - - - - - - - - - - 207,989 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,511,557 207,989 34,548 12,368 180,116 3,001,724 1,341,662 231,144 (41,382) 4,600 1,463 41,381 322,251 779,774 - - - - - - - - - - - - - - - - - - - - - - - - - - - (53,555) - - - - - - (53,555) 231,144 (41,382) 4,600 1,463 41,381 322,251 726,219 480,251 330,804 57,463 4,162 177,708 258,579 (383,807) 711,395 $ 289,422 $ 62,063 $ 5,625 $ 219,089 $ 580,830 $ 342,412 $ 116 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Alcohol Abuse Park and Emergency Redevelopment Hazardous Deterrent Recreation Economic Planning and Commission Waste Program Narcotics Nonreverting Development Right to Know - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - 27,758 - - - 34,534 155,049 - - - - 137,984 - - - - 185 17,079 - - 3,635 522 160 185 17,079 137,984 34,534 158,684 522 27,918 - - - - - - - - 11,012 138,453 10,130 - - 33,176 - - - - - - - - - - - - - - 49,275 - - - - - - - - - - - - - - - - - 133,611 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 49,275 11,012 138,453 10,130 133,611 - 33,176 (49,090) 6,067 (469) 24,404 25,073 522 (5,258) - - - - - - - - - - - - - - 35,000 - - - - 104,303 - - - - - - - - 35,000 - - - - 104,303 - (14,090) 6,067 (469) 24,404 25,073 104,825 (5,258) 14,456 2,918,100 6,119 23,001 561,528 186,760 241,174 366 $ 2,924,167 $ 5,650 $ 47,405 $ 586,601 $ 291,585 $ 235,916 $ 117 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Vehicle County Supplemental ICJI Title Record Drug Free Public Defender Community Public Inspection Check Plat Book Community Services Supervision Information - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - 42,410 - - 4,110 50,019 83,095 - 58,538 36 255,825 - - - 153,656 - - - - 101 - - 34 - 75 4,110 50,120 83,095 153,656 100,982 36 255,900 - - 8,986 - - - 289,632 2,998 36,701 - 167,141 72,554 168,971 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,998 36,701 8,986 167,141 72,554 168,971 289,632 1,112 13,419 74,109 (13,485) 28,428 (168,935) (33,732) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,112 13,419 74,109 (13,485) 28,428 (168,935) (33,732) 4,002 84,775 219,649 185,272 115,118 187,545 671,842 5,114 $ 98,194 $ 293,758 $ 171,787 $ 143,546 $ 18,610 $ 638,110 $ 118 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Court Allen Park and Drug Appointed County Law Prosecutor Tax Recreation Task Force Special Advocate Statewide 911 Enforcement PCA Sale Fee Gift - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - 900 110,600 2,403,420 61,692 32,705 - - - - - - - 122,917 - - - - - - - - - 4 15,086 - 189 - 5,640 900 110,604 2,418,506 61,692 32,894 122,917 5,640 - 166,745 - - - 181,374 - 5,516 - 3,282,732 12,746 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 26,507 - - - - - - - - 2,846 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5,516 166,745 3,282,732 12,746 26,507 181,374 2,846 (4,616) (56,141) (864,226) 48,946 6,387 (58,457) 2,794 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (4,616) (56,141) (864,226) 48,946 6,387 (58,457) 2,794 43,423 240,301 3,182,310 17,547 33,129 357,706 154,204 38,807 $ 184,160 $ 2,318,084 $ 66,493 $ 39,516 $ 299,249 $ 156,998 $ 119 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Indiana Law Department Circuit Enforcement of Planning Medical Care Chemical Infraction Court Pre-Trial Assist Grant Services for Inmates Testing Jury Fee Deferral Fee ADR Plan Diversion - $ - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - 83,393 - - - - - 30,387 38,525 - - - - 420,596 - - - - 41,599 29,678 - - - - - - - - 35,054 548,278 14,005 323,714 - 87 - - 3,345 - - - 38,525 83,480 41,599 29,678 38,399 968,874 14,005 354,101 - 35,878 - - 44,275 - 9,822 - 35,466 - 46,250 23,971 - 885,323 - 246,306 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 35,466 35,878 46,250 23,971 44,275 885,323 9,822 246,306 3,059 47,602 (4,651) 5,707 (5,876) 83,551 4,183 107,795 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,059 47,602 (4,651) 5,707 (5,876) 83,551 4,183 107,795 2,135 139,452 16,399 88,692 10,134 129,898 27,285 60,823 5,194 $ 187,054 $ 11,748 $ 94,399 $ 4,258 $ 213,449 $ 31,468 $ 168,618 $ 120 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Superior Campaign Community Court Allen County Algor Mortis Finance Surveyor's Federal Transitions Stormwater ADR Plan Morgue Study Enforcement Petition Asset Seizure Program Study - $ - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - 353,725 - - - - - - 758,364 - - 15,225 - - - - - - - - - - 1,948 500 10,166 - 357 15,225 - - 1,948 500 768,530 353,725 357 14,191 - - 50 - - - - - - - - - 70,475 425,827 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 14,191 - - 50 - 70,475 425,827 - 1,034 - - 1,898 500 698,055 (72,102) 357 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,034 - - 1,898 500 698,055 (72,102) 357 10,398 463 186 2,554 5,778 239,489 5,212 63,557 11,432 $ 463 $ 186 $ 4,452 $ 6,278 $ 937,544 $ (66,890) $ 63,914 $ 121 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent 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 Sales Access Reimbursement User Fees Unit Perpetuation User Fees Disclosure - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - 9,599 - 3,527 10,000 - 18,250 - - - - 2,410 48,185 - 12 8,370 - 172,745 894,766 - - - 222 45 - 5,764 301 18,250 12 18,191 45 176,272 912,940 48,486 58,497 - - - 157,063 - 23,604 - - 23,994 - - 1,084,740 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 58,497 - 23,994 - 157,063 1,084,740 23,604 (40,247) 12 (5,803) 45 19,209 (171,800) 24,882 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (40,247) 12 (5,803) 45 19,209 (171,800) 24,882 187,635 8,908 48,142 11,985 154,572 186,372 34,536 147,388 $ 8,920 $ 42,339 $ 12,030 $ 173,781 $ 14,572 $ 59,418 $ 122 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent 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 Juvenile Center Levy Children's Federal Sheriff Incentive Services Per Per Diem Excess Home Gift Asset Seizure Donation Program Diem Fees Fees - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - 1,641 - - 415,840 47,704 - - - - - - - - 1,342 70 12,708 3,174 1,557 410 - 1,342 1,711 12,708 3,174 417,397 48,114 - - - - - - - - - - 8,094 4,671 - 54,489 - - - - - - - - - - - - - - - - - - - - - - 2,012 - - - 549,435 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,012 - 8,094 4,671 549,435 54,489 - (670) 1,711 4,614 (1,497) (132,038) (6,375) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (670) 1,711 4,614 (1,497) (132,038) (6,375) 7,367 50,628 11,816 25,925 2,213 333,466 108,767 7,367 $ 49,958 $ 13,527 $ 30,539 $ 716 $ 201,428 $ 102,392 $ 123 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Court Check Adult Improvement Tobacco St. Joseph Deception Protective Unsafe Project Master Plan Foundation HIV/AIDS Program Services Building Allen-CIP-FY-03/04 Program Lead Program Program - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - 281,743 - 19,040 123,989 - 31,800 - - - - - - - 5,269 - - - - - - - - 90,207 - - - - 5,269 281,743 90,207 19,040 123,989 - 31,800 - - - 10,326 - - - 7,241 281,743 107,210 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 162,416 - 31,800 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 7,241 281,743 107,210 10,326 162,416 - 31,800 (1,972) - (17,003) 8,714 (38,427) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (1,972) - (17,003) 8,714 (38,427) - - 13,197 - 73,646 5,978 66,576 7,759 - 11,225 $ - $ 56,643 $ 14,692 $ 28,149 $ 7,759 $ - $ 124 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Substance Abuse Allen County Allen County Prevention and Great KIDS Courts Foreign Onsite Treatment Supplemental Make Great Electronic Map Language Wastewater Traffic Program Education COMMUNITIES Generation Interpreter Management Enforcement - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - 45,830 - - - 43,975 - 41,981 - - 14,486 435 - - - - - - - - - - - 4,270 155,192 232 - 10,000 - 45,830 4,270 169,678 667 43,975 10,000 41,981 - - - 2,549 44,541 - - - 11,700 - - - - 41,981 - - - - - - - - - - - - - - - - - - - - - 45,833 - 163,960 - - 10,200 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 45,833 11,700 163,960 2,549 44,541 10,200 41,981 (7,430) 5,718 (1,882) (566) (200) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (7,430) 5,718 (1,882) (566) (200) - 8 - 156,034 42,572 31,850 5,826 - 5 $ (7,430) $ 161,752 $ 40,690 $ 31,284 $ 5,626 $ - $ 125 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Sheriff Sheriff Identification Jury Fee Truancy Department Air Service Foundation Security Enhanced Circuit Court Reduction Training Pilot Grants Protection Access - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - 136,780 10,125 - - - - - - - 32,924 - 227 - - - - - - - 40,403 1,100 - - - - 227 40,403 1,100 136,780 10,125 32,924 - - - - - - 30,000 - - 37,851 895 136,780 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 37,851 895 136,780 - 30,000 - 227 2,552 205 - 10,125 2,924 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 227 2,552 205 - 10,125 2,924 - 1,111 10,500 798 - - 35,634 31 1,338 $ 13,052 $ 1,003 $ - $ 10,125 $ 38,558 $ 31 $ 126 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending State Legal ISDH Allen County Volunteer Homeland Bullet On-site Education Immunization Courts Family Advocates For Security Proof Vest Septic System Opportunity Grant Court Grant Seniors Program Partnership - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - 7,500 244,119 35,000 38,500 31,081 842 83,000 - - - - - - - - - - - - - 747 5 - - 15 - - 83,747 7,505 244,119 35,000 38,515 31,081 842 - 7,500 - 19,751 - - - - - - - - 31,081 647 - - - - - - - 91,141 - - - - - - - - - - - - - - - 244,119 - 6,550 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 91,141 7,500 244,119 19,751 6,550 31,081 647 (7,394) 5 - 15,249 31,965 - 195 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (7,394) 5 - 15,249 31,965 - 195 152,594 - - 12,416 - - - 145,200 $ 5 $ - $ 27,665 $ 31,965 $ - $ 195 $ 127 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Allen County State Allen County Smoking Sex/Violent Criminal Alien Problem Auditor's Sheriff DUI Ordinance Offender Assistance Solving Ineligible Training Task Force Coordination Admin Program Court Deductions Center Enforcement - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - 36,183 24,000 1,556,713 - 608 - 21,866 - - - - - - - - - - - - - 231 - 49 2,034 11,016 - - 22,097 36,183 24,049 1,558,747 11,016 608 - - - - 886,081 - - - 20,535 47,737 7,743 - 25,486 608 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 20,535 47,737 7,743 886,081 25,486 608 - 1,562 (11,554) 16,306 672,666 (14,470) - - - - - - - - - - - - - - - - - - - - - - - - - - (1,108,164) - - - - - - (1,108,164) - - - 1,562 (11,554) 16,306 (435,498) (14,470) - 89 32,302 30,665 - 1,422,772 53,684 - 89 $ 33,864 $ 19,111 $ 16,306 $ 987,274 $ 39,214 $ - $ 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, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Health ACCC Aggressive Refugee Courtools Dept. Adult Community Radon and Driving Interpreter/ Court Reform GIS Fines Probation Corrections Healthy Enforcement Translator Grant Infrastructure Collections Grant Commissary Homes - $ - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - 2,175 44,000 - 120,000 - 113,900 - 3,000 - - - - 7,130 - 55 - - - - - - - - - - - - 1,939 - - - - 2,175 44,000 - 121,939 7,130 113,900 55 3,000 - - - 57,355 - - - - 2,175 - - - - - 6,424 - - - - - - - - - - - - - - - - - - - - - - - - - - 49,046 - - - - - 3,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,175 49,046 - 57,355 - - 6,424 3,000 - (5,046) - 64,584 7,130 113,900 (6,369) - - - - - - - - - - - - - - - - - - - - 120,000 - - - - - - - - - - - - - - - 120,000 - - - - - (5,046) - 184,584 7,130 113,900 (6,369) - - 26,620 1,453 187,760 - - 6,369 - - $ 21,574 $ 1,453 $ 372,344 $ 7,130 $ 113,900 $ - $ - $ 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, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending ARRA County Prosc IV-D Prosc IV-D Clerk IV-D Elected County Offender Clerk IV-D IV-D Incentive Incentive Incentive Official Training Transportation Incentive Incentive Prior to 10/99 Post 10/99 Post 10/99 - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - 168,855 - 254,062 168,855 32,350 2,750 - - - - - - - - - - - - 676 - - 693 512 1,886 3,871 33,026 2,750 - 169,548 512 255,948 172,726 3,734 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 255,849 - 245,713 200,017 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,734 - - 255,849 - 245,713 200,017 29,292 2,750 - (86,301) 512 10,235 (27,291) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 29,292 2,750 - (86,301) 512 10,235 (27,291) 119,190 11,393 5 198,626 91,221 40,160 685,752 148,482 $ 14,143 $ 5 $ 112,325 $ 91,733 $ 50,395 $ 658,461 $ 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, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Cumulative Reassessment Clinic County General Drain Great Batch Special COIT - Capital 2015 Donation Bond Improvement TIF Flood Control Development 465,911 $ - $ 4,480,236 $ - $ 92,062 $ - $ 2,387,421 $ - - - 92,213 - - - - - - - - - - 41,592 - 359,399 - - - 213,293 - - - - - - 900,000 - - - - - - - 4,112 446 10,044 127,358 478 14,673 48,460 511,615 446 4,849,679 219,571 92,540 14,673 3,549,174 555,689 - 1,114 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,101 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 64,383 2,365,542 - - - 802,552 - - - 555,689 1,101 1,114 802,552 - 64,383 2,365,542 (44,074) (655) 4,848,565 (582,981) 92,540 (49,710) 1,183,632 - - - - - - - - - - - - - - - - - - 82,784 - - - (4,374,526) - - - - - - (4,374,526) - - 82,784 - (44,074) (655) 474,039 (582,981) 92,540 33,074 1,183,632 685,323 13,992 1,728,181 1,285,845 (223,673) 165,493 4,542,654 641,249 $ 13,337 $ 2,202,220 $ 702,864 $ (131,133) $ 198,567 $ 5,726,286 $ 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, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Pleasant Community Parking CASAD Nestle TIF Center Road Development Mossman Garage East TIF Major Bridge II Bond Construction Argo Drain Corporation Drain Bond of 2001 144,485 $ 1,538,804 $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - 137,574 - - - - - - - - - - - - - - - - - - - - - - 4,374 883,974 16,916 82,034 834 197,901 107 138 148,859 2,560,352 16,916 82,034 834 197,901 107 138 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 960,000 - - - - - - - 853,034 - - - - - - - - - 46,170 - - - - 228,375 839,267 - 168,338 - 85,809 - - - - - - - - - - 228,375 2,652,301 - 214,508 - 85,809 - - (79,516) (91,949) 16,916 (132,474) 834 112,092 107 138 - - - 2,050,000 - - - - - - - 10,773 - - - - - - - - - - - - - - (269,500) - - - - - - - (269,500) 2,060,773 - - - - (79,516) (91,949) (252,584) 1,928,299 834 112,092 107 138 690,324 3,385,162 496,083 - 148,423 844,228 19,111 24,613 610,808 $ 3,293,213 $ 243,499 $ 1,928,299 $ 149,257 $ 956,320 $ 19,218 $ 24,751 $ 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, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Tax Woodburn Lincoln Uniroyal Abatement Industrial Industrial Goodrich GM 2015 GM 2015B GM 2015A Development TIF TIF TIF General Account Bond Bond - $ 211 $ 126,821 $ 120,656 $ 547,562 $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 68,319 - 1,251 177 909 1,021 2,940 68,319 211 128,072 120,833 548,471 1,021 2,940 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 395,000 130,000 395,000 - - - - 164,228 10,604 29,791 - - - - - 41,167 107,068 - - 130,000 109,868 - - - - - - - - - - - - 130,000 109,868 559,228 181,771 531,859 68,319 211 (1,928) 10,965 (10,757) (180,750) (528,919) - - - - - 1,630,000 4,615,000 - - - - - - - (1,588,833) (4,507,932) 83,000 - - - - 131,500 400,000 - - - - (131,500) - - 83,000 - - - (131,500) 172,667 507,068 151,319 211 (1,928) 10,965 (142,257) (8,083) (21,851) 498,081 - 247,778 49,144 441,263 147,516 418,497 649,400 $ 211 $ 245,850 $ 60,109 $ 299,006 $ 139,433 $ 396,646 $ 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, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent 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 GM 2015A Nestle II Principal and GM 2015B Supplemental Vera Bradley Reserve Account Reserve Account Interest Account Reserve Account TIF TIF - $ - $ - $ - $ - $ 153,356 $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 858 - 69 1,297 760 544 858 - 69 1,297 760 153,900 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 30,022 - - - - - - - - - - - - - - - - - - - - - - - 30,022 - - - 858 - (29,953) 1,297 760 153,900 - - - - - - - - - - - - - - 69,500 - - 43,881 - - - - (200,000) - - - 69,500 - (200,000) 43,881 858 - 39,547 1,297 (199,240) 197,781 152,801 89 379 230,907 201,939 (626,688) 153,659 $ 89 $ 39,926 $ 232,204 $ 2,699 $ (428,907) $ 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, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Bluffton Jackson Allen County Little River Bandalier Road East Brookwood Oak Crossing Industrial Redevelopment Joint Drain TIF TIF TIF TIF TIF Capital - $ 66,879 $ 115,148 $ - $ 383,922 $ - $ - $ 136,210 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,884 110 5,228 346 1,280 493 138,840 138,094 66,989 120,376 346 385,202 493 138,840 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 45,753 8,521 - - - - - - 8,521 - - - - - 45,753 129,573 66,989 120,376 346 385,202 493 93,087 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 129,573 66,989 120,376 346 385,202 493 93,087 242,547 (284,610) (1,339,584) 61,586 (1,159,465) 87,886 6,378,435 372,120 $ (217,621) $ (1,219,208) $ 61,932 $ (774,263) $ 88,379 $ 6,471,522 $ 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, 2015 (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 Bond issuance costs Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Bond Proceeds Bond Premium Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Juvenile Zubric Zubric Stonebridge Jail Justice Center Sur/Wheel Road Road Coverdale Business Park Building Building Tax Bridge TIF II TIF TIF Project Corporation Corporation Totals - $ 28,925 $ 26,878 $ 145,072 $ - $ - $ - $ 16,304,415 $ - - - - - - - 1,149,249 - - - - - - - 1,859,766 1,525,827 - - - - - - 25,349,150 - - - - - - - 9,041,165 - - - - - - - 2,730,377 20,803 202 165 - 581 2 9 2,584,859 1,546,630 29,127 27,043 145,072 581 2 9 59,018,981 - - - - - - - 4,003,458 - - - - - - - 17,751,469 - - - - - - - 13,758,110 - - - - - - - 91,141 - - - - - - - 49,275 - - - - - - - 6,229,054 - - - - - - - 136,457 - - - - - 1,480,000 2,225,000 5,585,000 - - - - - 428,438 241,088 1,757,205 - - - - - - - 194,405 3,390,805 - - 123,150 56,443 - - 7,607,733 - - - - - - - 811,073 3,390,805 - - 123,150 56,443 1,908,438 2,466,088 57,974,380 (1,844,175) 29,127 27,043 21,922 (55,862) (1,908,436) (2,466,079) 1,044,601 - - - - - - - 8,295,000 - - - - - - - 10,773 (6,096,765) - - - - - 1,908,438 2,466,088 5,444,494 - - (50,000) - (319,848) - - (7,660,943) - - (50,000) - (319,848) 1,908,438 2,466,088 (7,441) (1,844,175) 29,127 (22,957) 21,922 (375,710) 2 9 1,037,160 3,665,225 (33,981) 43,977 50,612 375,710 6,706 11 59,019,237 1,821,050 $ (4,854) $ 21,020 $ 72,534 $ - $ 6,708 $ 20 $ 60,056,397 $ 136 ---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 6,548,899 $ 348,456 $ 20,715 $ 374,005 $ 329,970 $ 7,622,045 $ Investments 109,073 68,844 - 45,877 51,833 275,627 Interest receivable 586 371 - 247 279 1,483 Accounts receivable (net of allowance) - 17,034 - - 75,266 92,300 Total assets 6,658,558 434,705 20,715 420,129 457,348 7,991,455 Liabilities Current liabilities: Accounts payable 308,390 37,035 21,490 - 75,336 442,251 Incurred but not reported claims 1,320,574 - - - - 1,320,574 Total liabilities 1,628,964 37,035 21,490 - 75,336 1,762,825 Net Position Unrestricted 5,029,594 397,670 (775) 420,129 382,012 6,228,630 Total net position 5,029,594 $ 397,670 $ (775) $ 420,129 $ 382,012 $ 6,228,630 $ ALLEN COUNTY COMBINING STATEMENT OF NET POSITION - INTERNAL SERVICE FUNDS December 31, 2015 137 ---PAGE BREAK--- County Workmans Self-Insurance Vehicle Liability Compensation Internal Health Self-Insurance Insurance Self-Insurance Reimbursement Totals Operating revenues: Miscellaneous 228 $ - $ 7,500 $ 19,843 $ 1,748 $ 29,319 $ Employee/employer contributions 13,242,719 429,405 400,000 631,375 1,084,042 15,787,541 Total operating revenues 13,242,947 429,405 407,500 651,218 1,085,790 15,816,860 Operating expenses: Insurance claims and expenses 11,538,645 180,599 451,544 597,948 1,019,136 13,787,872 Operating income (loss) 1,704,302 248,806 (44,044) 53,270 66,654 2,028,988 Nonoperating revenues: Interest and investment revenue 6,088 1,830 - 1,186 1,797 10,901 Change in net position 1,710,390 250,636 (44,044) 54,456 68,451 2,039,889 Total net position - beginning 3,319,204 147,034 43,269 365,673 313,561 4,188,741 Total net position - ending 5,029,594 $ 397,670 $ (775) $ 420,129 $ 382,012 $ 6,228,630 $ ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION - INTERNAL SERVICE FUNDS For The Year Ended December 31, 2015 138 ---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 13,242,719 $ 414,739 $ 400,000 $ 631,375 $ 1,098,088 $ 15,786,921 $ Payments to suppliers (11,960,736) (157,480) (449,917) (600,758) (1,013,098) (14,181,989) Other receipts 228 - 7,500 19,843 1,748 29,319 Net cash provided (used) by operating activities 1,282,211 257,259 (42,417) 50,460 86,738 1,634,251 Cash flows from investing activities: Proceeds from sales and maturities of investments 133,520 23,010 - 33,556 41,058 231,144 Purchase of investments (109,073) (68,844) - (45,877) (51,833) (275,627) Interest received 6,003 1,559 - 1,085 1,696 10,343 Net cash provided (used) by investing activities 30,450 (44,275) - (11,236) (9,079) (34,140) Net increase (decrease) in cash and cash equivalents 1,312,661 212,984 (42,417) 39,224 77,659 1,600,111 Cash and cash equivalents, January 1 5,236,238 135,472 63,132 334,781 252,311 6,021,934 Cash and cash equivalents, December 31 6,548,899 $ 348,456 $ 20,715 $ 374,005 $ 329,970 $ 7,622,045 $ Reconciliation of operating income (loss) to net cash provided (used) by operating activities: Operating income (loss) 1,704,302 $ 248,806 $ (44,044) $ 53,270 $ 66,654 $ 2,028,988 $ Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: (Increase) Decrease in assets: Accounts receivable - (14,666) - - 14,046 (620) Increase (decrease) in liabilities: Accounts payable (132,644) 23,119 1,627 (2,810) 6,038 (104,670) Incurred but not reported claims (289,447) - - - - (289,447) Total adjustments (422,091) 8,453 1,627 (2,810) 20,084 (394,737) Net cash provided (used) by operating activities 1,282,211 $ 257,259 $ (42,417) $ 50,460 $ 86,738 $ 1,634,251 $ ALLEN COUNTY COMBINING STATEMENT OF CASH FLOWS - INTERNAL SERVICE FUNDS For The Year Ended December 31, 2015 139 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- AGENCY FUNDS December 31, 2015 Tax Sale Tax Sale Assets Redemption Surplus Court Fees Inheritance Tax Cash and cash equivalents 98,623 $ 2,068,970 $ 57,200 $ 368 $ Receivables: Accounts - - 58,776 - Taxes - - - - Intergovernmental - - - - Total receivables - - 58,776 - Investments at fair value: U.S. Government securities - - - - Total assets 98,623 $ 2,068,970 $ 115,976 $ 368 $ Liabilities Payroll withholdings payable - $ - $ - $ - $ Intergovernmental payable - - 115,976 368 Trust payable 98,623 2,068,970 - - Total liabilities 98,623 $ 2,068,970 $ 115,976 $ 368 $ 140 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- AGENCY FUNDS December 31, 2015 (Continued) Assets Cash and cash equivalents Receivables: Accounts Taxes Intergovernmental Total receivables Investments at fair value: U.S. Government securities Total assets Liabilities Payroll withholdings payable Intergovernmental payable Trust payable Total liabilities Youth Sheriff's County Work Bid Bond Surplus Tax Tax Distribution Payroll Services Trust Inmate Trust Recorder Release 1,550 $ 1,399,554 $ - $ (13,437) $ 79,832 $ 112,040 $ 49,382 $ 19,904 $ - - - 25,287 - - - - - - 23,747,705 - - - - - - - 2,702,579 - - - - - - - 26,450,284 25,287 - - - - - - - - 15,773 - - - 1,550 $ 1,399,554 $ 26,450,284 $ 11,850 $ 95,605 $ 112,040 $ 49,382 $ 19,904 $ - $ - $ - $ 11,850 $ - $ - $ - $ - $ - - - - - - - - 1,550 1,399,554 26,450,284 - 95,605 112,040 49,382 19,904 1,550 $ 1,399,554 $ 26,450,284 $ 11,850 $ 95,605 $ 112,040 $ 49,382 $ 19,904 $ 141 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- AGENCY FUNDS December 31, 2015 (Continued) Assets Cash and cash equivalents Receivables: Accounts Taxes Intergovernmental Total receivables Investments at fair value: U.S. Government securities Total assets Liabilities Payroll withholdings payable Intergovernmental payable Trust payable Total liabilities Personal County Adult Property Juvenile County Clerk Probation Asst Audit Probation Treasurer Totals 3,558,250 $ 37,537 $ 990,710 $ 5,841 $ 7,467,232 $ 15,933,556 $ - - - - - 84,063 - - - - 12,145,190 35,892,895 - - - - - 2,702,579 - - - - 12,145,190 38,679,537 - - - - - 15,773 3,558,250 $ 37,537 $ 990,710 $ 5,841 $ 19,612,422 $ 54,628,866 $ - $ - $ - $ - $ - $ 11,850 $ - - - - - 116,344 3,558,250 37,537 990,710 5,841 19,612,422 54,500,672 3,558,250 $ 37,537 $ 990,710 $ 5,841 $ 19,612,422 $ 54,628,866 $ 142 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES- AGENCY FUNDS December 31, 2015 Tax Sale Tax Sale Inheritance Tax Redemption Surplus Court Fees Tax Bid Bond Surplus Tax Distribution Assets: Cash and Cash Equivalents, January 1 50,880 $ 3,351,449 $ 83,537 $ 35,865 $ 3,550 $ 1,505,117 $ - $ Additions 2,791,480 1,988,108 799,583 55,317 38,953 1,518,403 329,292,098 Deductions (2,743,737) (3,270,587) (825,920) (90,814) (40,953) (1,623,966) (329,292,098) Cash and Cash Equivalents, December 31 98,623 2,068,970 57,200 368 1,550 1,399,554 - Investments, January 1 - - - - - - - Additions - - - - - - - Deductions - - - - - - - Investments, December 31 - - - - - - - Taxes Receivable, January 1 - - - - - - 10,607,919 Additions - - - - - - 134,252,812 Deductions - - - - - - (121,113,026) Taxes Receivable, December 31 - - - - - - 23,747,705 Accounts Receivable, January 1 - - 59,765 - - - - Additions - - 858,359 - - - - Deductions - - (859,348) - - - - Accounts Receivable, December 31 - - 58,776 - - - - Intergovernmental Receivable, January 1 - - - - - - 2,634,684 Additions - - - - - - 2,705,447 Deductions - - - - - - (2,637,552) Intergovernmental Receivable, December 31 - - - - - - 2,702,579 Total Assets, December 31 98,623 $ 2,068,970 $ 115,976 $ 368 $ 1,550 $ 1,399,554 $ 26,450,284 $ Liabilities: Payroll Withholdings, January 1 - $ - $ - $ - $ - $ - $ - $ Additions - - - - - - - Deductions - - - - - - - Payroll Withholdings, December 31 - - - - - - - Intergovernmental Payable, January 1 - - 143,302 11,703 - - - Additions - - 858,359 2,583 - - - Deductions - - (885,685) (13,918) - - - Intergovernmental Payable, December 31 - - 115,976 368 - - - Trust Payable, January 1 50,880 3,351,449 - 24,162 3,550 1,505,117 13,242,603 Additions 2,791,480 1,988,108 - 52,734 38,953 1,518,403 466,250,357 Deductions (2,743,737) (3,270,587) - (76,896) (40,953) (1,623,966) (453,042,676) Trust Payable, December 31 98,623 2,068,970 - - 1,550 1,399,554 26,450,284 Total Liabilities, December 31 98,623 $ 2,068,970 $ 115,976 $ 368 $ 1,550 $ 1,399,554 $ 26,450,284 $ 143 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES- AGENCY FUNDS December 31, 2015 (Continued) Assets: Cash and Cash Equivalents, January 1 Additions Deductions Cash and Cash Equivalents, December 31 Investments, January 1 Additions Deductions Investments, December 31 Taxes Receivable, January 1 Additions Deductions Taxes Receivable, December 31 Accounts Receivable, January 1 Additions Deductions Accounts Receivable, December 31 Intergovernmental Receivable, January 1 Additions Deductions Intergovernmental Receivable, December 31 Total Assets, December 31 Liabilities: Payroll Withholdings, January 1 Additions Deductions Payroll Withholdings, December 31 Intergovernmental Payable, January 1 Additions Deductions Intergovernmental Payable, December 31 Trust Payable, January 1 Additions Deductions Trust Payable, December 31 Total Liabilities, December 31 Youth Personal Services Sheriff's County Work County Adult Property Payroll Trust Inmate Trust Recorder Release Clerk Probation Asst Audit (13,666) $ 81,212 $ 97,997 $ 45,584 $ 19,721 $ 3,839,483 $ 38,745 $ 490,506 $ 44,557,142 14,393 1,325,878 1,043,603 19,904 28,280,652 350,000 1,426,892 (44,556,913) (15,773) (1,311,835) (1,039,805) (19,721) (28,561,885) (351,208) (926,688) (13,437) 79,832 112,040 49,382 19,904 3,558,250 37,537 990,710 - 13,859 - - - - - - - 15,773 - - - - - - - (13,859) - - - - - - - 15,773 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 40,555 - - - - - - - 330,700 - - - - - - - (345,968) - - - - - - - 25,287 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 11,850 $ 95,605 $ 112,040 $ 49,382 $ 19,904 $ 3,558,250 $ 37,537 $ 990,710 $ 26,889 $ - $ - $ - $ - $ - $ - $ - $ 44,887,842 - - - - - - - (44,902,881) - - - - - - - 11,850 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 95,071 97,997 45,584 19,721 3,839,483 38,745 490,506 - 30,166 1,325,878 1,043,603 19,904 28,280,652 350,000 1,426,892 - (29,632) (1,311,835) (1,039,805) (19,721) (28,561,885) (351,208) (926,688) - 95,605 112,040 49,382 19,904 3,558,250 37,537 990,710 11,850 $ 95,605 $ 112,040 $ 49,382 $ 19,904 $ 3,558,250 $ 37,537 $ 990,710 $ 144 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES- AGENCY FUNDS December 31, 2015 (Continued) Assets: Cash and Cash Equivalents, January 1 Additions Deductions Cash and Cash Equivalents, December 31 Investments, January 1 Additions Deductions Investments, December 31 Taxes Receivable, January 1 Additions Deductions Taxes Receivable, December 31 Accounts Receivable, January 1 Additions Deductions Accounts Receivable, December 31 Intergovernmental Receivable, January 1 Additions Deductions Intergovernmental Receivable, December 31 Total Assets, December 31 Liabilities: Payroll Withholdings, January 1 Additions Deductions Payroll Withholdings, December 31 Intergovernmental Payable, January 1 Additions Deductions Intergovernmental Payable, December 31 Trust Payable, January 1 Additions Deductions Trust Payable, December 31 Total Liabilities, December 31 Juvenile County Probation Treasurer Totals 9,198 $ 7,336,491 $ 16,975,669 $ 184,023 409,582,119 823,268,548 (187,380) (409,451,378) (824,310,661) 5,841 7,467,232 15,933,556 - - 13,859 - - 15,773 - - (13,859) - - 15,773 - 12,591,239 23,199,158 - 361,285,683 495,538,495 - (361,731,732) (482,844,758) - 12,145,190 35,892,895 - - 100,320 - - 1,189,059 - - (1,205,316) - - 84,063 - - 2,634,684 - - 2,705,447 - - (2,637,552) - - 2,702,579 5,841 $ 19,612,422 $ 54,628,866 $ - $ - $ 26,889 $ - - 44,887,842 - - (44,902,881) - - 11,850 - - 155,005 - - 860,942 - - (899,603) - - 116,344 9,198 19,927,730 42,741,796 184,023 770,867,802 1,276,168,955 (187,380) (771,183,110) (1,264,410,079) 5,841 19,612,422 54,500,672 5,841 $ 19,612,422 $ 54,628,866 $ 145