Document Allencounty_doc_d9f4904d96

ALLEN COUNTY GOVERNMENT Fort Wayne, Indiana ANNUAL FINANCIAL REPORT For The Year Ended December 31, 2016 B49101 FILED 12/06/2017 ---PAGE BREAK--- TABLE OF CONTENTS Description Page Schedule of Officials 3 Independent Auditor's Report 4-6 Management's Discussion and Analysis 7-17 Basic Financial Statements and Accompanying Notes: Government-Wide Financial Statements: Statement of Net Position 19 Statement of Activities 20 Fund Financial Statements: Balance Sheet – Governmental Funds 21 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds 22 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities 23 Statement of Net Position – Proprietary Funds 24 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds 25 Statement of Cash Flows – Proprietary Funds 26 Statement of Fiduciary Net Position – Fiduciary Funds 27 Statement of Changes in Fiduciary Net Position – Fiduciary Funds 28 Notes to Financial Statements 29-77 Required Supplementary Information: Schedules of Changes in the County’s Net Position Liability and Related . 78-79 Schedules of County 80-81 Schedules of Investment 82-83 Schedule of Proportionate Share of Net Pension Liability and Related Ratios – INPRS (PERF) 84 Schedule of Employer Contributions – INPRS 85 Schedule of 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 89-115 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Non-Major Governmental Funds 116-140 Non-Major Proprietary Funds: Combining Statement of Net Position – Internal Service Funds 141 Combining Statement of Revenues, Expenses, and Changes in Net Position – Internal Service Funds 142 Combining Statement of Cash Flows – Internal Service Funds 143 1 ---PAGE BREAK--- TABLE OF CONTENTS (Continued) Non-Major Fiduciary Funds: Combining Statement of Fiduciary Net Position – Agency Funds 144-146 Combining Statement of Changes in Assets and Liabilities – Agency Funds 147-149 Other 150 2 ---PAGE BREAK--- SCHEDULE OF OFFICIALS Office Official Term County Auditor Tera K. Klutz 01-01-15 to 01-18-17 Nicholas D. Jordan 01-19-17 to 12-31-18 County Treasurer Susan L. Orth 01-01-13 to 12-31-16 William F. Royce 01-01-17 to 12-31-20 Clerk of the Circuit Court Lisbeth A. Borgmann 01-01-15 to 12-31-18 County Sheriff David J. Gladieux 01-01-15 to 12-31-18 County Recorder Anita A. Mather 01-01-15 to 12-31-18 Circuit Court Judge Honorable Thomas J. Felts 01-01-05 to 12-31-20 Superior Court Judge Honorable Daniel G. Heath 01-01-15 to 01-31-20 President of the Board of County Commissioners F. Nelson Peters 01-01-16 to 12-31-16 Therese M. Brown 01-01-17 to 12-31-17 President of the County Council Roy A. Buskirk (deceased) 01-01-16 to 11-06-16 Vacant 11-07-16 to 11-16-16 Larry L. Brown 11-17-16 to 12-31-17 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, 2016, and the related notes to the financial statements, which collectively comprise the County's basic financial statements as listed in the Table of Contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair pre- sentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and dis- closures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the County's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the County's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. 4 ---PAGE BREAK--- INDEPENDENT AUDITOR'S REPORT (Continued) Basis for Qualified Opinion on the Aggregate Discretely Presented Component Units The County has not included the Allen County Solid Waste District and Southwest Allen County Fire District as discretely presented component units in the County's financial statements as required by accounting standards generally accepted in the United States of America. The Allen County Solid Waste District and Southwest Allen County Fire District represent 14.3 percent, 13.4 percent, and 10.1 percent of the assets, net position, and revenues, respectively, of the County's aggregate discretely presented com- ponent units. Qualified Opinion on the Aggregate Discretely Presented Component Units In our opinion, because of the significance of the matter discussed in the Basis for Qualified Opinion on the Aggregate Discretely Presented Component Units paragraph, the aggregate discretely presented component units referred to above does not present fairly, in accordance with accounting principles generally accepted in the United States of America, as of and for the year ended December 31, 2016. Unmodified Opinions In our opinion, based on our audit, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activi- ties, each major fund, and the aggregate remaining fund information of the County, as of December 31, 2016, 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. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis, Schedules of Changes in the County's Net Pension Liability and Related Ratios, Schedules of County Contributions, Schedules of Investment Returns, Schedule of Proportionate Share Net Pension Liability and Related Ratios - INPRS (PERF), Schedule of Employer Contributions - INPRS (PERF), Schedules 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 informa- tion and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. 5 ---PAGE BREAK--- INDEPENDENT AUDITOR'S REPORT (Continued) Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collec- tively comprise the County's basic financial statements. The accompanying Combining Balance Sheet - Non-Major Governmental Funds, Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-Major Governmental Funds, Combining Statement of Net Position - Internal 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 state- ments. The Combining Balance Sheet - Non-Major Governmental Funds, Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-Major Governmental Funds, Combining Statement of Net Position - Internal Service Funds, Combining Statement of Revenues, Expenses, and Changes in Net Position - Internal Service Funds, Combining Statement of Cash Flows - Internal Service Funds, Combining Statement of Fiduciary Net Position - Agency Funds, and Combining Statement of Changes in Assets and Liabilities - Agency Funds are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial state- ments or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the Combining Balance Sheet - Non-Major Governmental Funds, Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-Major Governmental Funds, Combining Statement of Net Position - Internal Service Funds, Combining Statement of Revenues, Expenses, and Changes in Net Position - Internal Service Funds, Combining Statement of Cash Flows - Internal Service Funds, Combining Statement of Fiduciary Net Position - 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 state- ments as a whole. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated October 26, 2017, on our consideration of the County's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is 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 compliance. Paul D. Joyce, CPA State Examiner October 26, 2017 6 ---PAGE BREAK--- MANAGEMENT’S DISCUSSION AND ANALYSIS The management of Allen County (the County) provides the following discussion and analysis as insight into the financial performance of the County during the year ended December 31, 2016. 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 2016 by $495.9 million (total net position), an increase of $29.3 million, 6.3 percent, over the beginning 2016 total net position of $466.6 million. Of this amount, $83.5 million (unrestricted net position) may be used to meet the County’s ongoing obligations to citizens, $12.4 million is restricted for debt service and other specific purposes (restricted net position), and $400 million is invested in capital assets, net of related debt.  The total net position of the County’s governmental activities increased by $28.7 million or 6.8 percent and is primarily the result of a net $14.7 million increase in current assets that included a $17.7 million increase in Cash and cash equivalents. The remainder of the increase was a combination of an $11.7 million increase in Capital assets and a net $3.3 million decrease in liabilities and deferred inflows. The decrease in governmental activities liabilities for the most part resulted from a $4.3 million decrease in debt obligations and $1.8 million decrease in net pension liability. Similarly, the total net position of the County’s business activities increased by million or 1.5 percent, and is mainly due to the $1.8 million reduction in the first mortgage revenue bonds payable.  At the end of 2016, the County’s governmental funds reported a combined ending fund balance of $120.3 million, an increase of $13.7 million or 12.9 percent from 2015. In accordance with GASB 54 the total Fund Balance is broken down as $1.9 million Nonspendable, $67 million as Restricted, $22.1 million Committed, $15.8 million Assigned, and $13.5 million as Unassigned.  At the end of 2016, the combined unassigned fund balance for the General and COIT Funds was $15.4 million or 17.4 percent of the 2016 combined General and COIT Funds expenditures.  During 2016, the County’s total debt decreased by $5.7 million or 7.3 percent. The decrease is attributed to both regularly scheduled debt service payments and bond refunding. OVERVIEW OF THE FINANCIAL STATEMENTS This discussion and analysis are intended to serve as an introduction to the County’s basic financial statements. The County’s basic financial statements comprise three components 1) Government-wide financial statements; 2) Fund financial statements and 3) Notes to the basic financial statements. Government-wide Financial Statements present the financial picture of the County from the economic resources measurement focus using the accrual basis of accounting, in a manner similar to a private- sector business. The government-wide financial statements are composed of two statements: the statement of net position and the statement of activities. The statement of net position presents information on all of the County’s assets and liabilities, and deferred outflows and deferred inflows of resources, with the difference between them reported as total net position. Total net position is then broken down between governmental and business-type activities. Over time, increases or decreases in net position will show the fluctuation in the County’s financial position. The statement of activities presents information on all of the County’s revenues and expenses, showing how the County’s general expenses less the program revenues equal net expenses for the most recent fiscal year. General revenues are then subtracted from net expenses to get the change in net position. All of the current year’s revenues and expenses are taken into account regardless of when the cash is received or paid. Thus, revenues and expenses are reported in this statement for some items that will 7 ---PAGE BREAK--- result in cash flows in future fiscal periods uncollected taxes and earned but unused vacation leave). Both of these government-wide financial statements distinguish functions of the County that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or in part a portion of their costs through user fees and charges (business-type activities). The governmental activities include general government, public safety, public highways and facilities, health and sanitation, economic development, and recreation. The business-type activities of the County include the Allen County War Memorial Coliseum. Component units are included in our basic financial statements according to GASB 61 and consist of legally separate entities for which the County is financially accountable and that have substantially the same board as the County or provide services entirely to the County. Examples are: the Allen County Juvenile Justice Center Building Corporation and the Allen County Jail Building Corporation which were established for the sole purpose of financing the new juvenile and jail facilities. The Building Corporations are part of the primary government because the nature of the relationship to the County is significant. The Allen County Public Library is reported as discretely presented component unit because they have some financial accountability to the County’s Council. The Allen County Solid Waste Management District and Southwest Allen County Fire District are no longer reported as a discretely presented component units due to GAAP financial statements being unavailable and therefore they should not be included in the Primary Governments Financial Statements. The beginning net position for the discretely presented Component Units has been restated accordingly. The government-wide financial statements can be found on pages 19 and 20 of this report. Fund Financial Statements are groupings of related accounts that are used to maintain control over resources that have been segregated for specific activities or objectives. Certain funds are required to be established by State Statute and by bond covenants, while others are adopted to help administer monies set aside for a limited purpose. The County, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance related legal requirements. All of the funds of the County can be divided into three categories: governmental funds, proprietary funds and fiduciary funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements use modified accrual method of accounting which focuses on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. This information may be useful in evaluating the County’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. This comparison will make it easier to understand the long-term impact of the county’s near-term financing decisions. Both the governmental funds balance sheet and the governmental funds statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The County maintains approximately 250 individual governmental funds. Information is presented separately in the governmental funds balance sheet and in the governmental funds statement of revenues, expenditures, and changes in fund balances for the General Fund, Rainy Day Fund, 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 21 through 23 of this report. Proprietary funds are maintained two ways. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The County uses enterprise funds to account for the Allen County War Memorial Coliseum. Internal Service funds are an accounting device used to accumulate and allocate cost internally among the County’s various functions. The County uses internal service funds to account for its costs associated with group health insurance, ---PAGE BREAK--- 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 24 through 26 of this report. Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the County’s own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. The County has two types of fiduciary funds: Pension Trust Funds and Agency Funds (which are clearing accounts for assets held by the County in its role as custodian until the funds are allocated to the private parties, organizations, or government agencies to which they belong). The fiduciary funds financial statements can be found on pages 27 and 28 of this report. Notes to the Basic Financial Statements provide additional information that is essential to a full understanding of the data provided in the government-wide financial statements and the fund financial statements. The notes can be found on pages 29 through 77 of this report. Required Supplementary Information is presented concerning the County’s General Fund Budgetary Schedule, 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 the 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. ---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 $495.9 million at the close of 2016 reaffirming the solid financial position of the County. The largest portion of the County’s total net position (total assets less total liabilities) is its investment in capital assets of $400 million or 80.7 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 $12.4 million or 2.5 percent, is funds that is subject to an external restriction and cannot be spent on general daily operations. The $3.5 million dollar decrease in the restricted portion is almost solely related to timing of the Allen County War Memorial Coliseum 2014 Expansion. The project was almost fully completed at December 31, 2016 and approximately $3 million of previously restricted cash with fiscal agent is now included with capital assets. The unrestricted portion of total net position of $83.5 million or 16.8 percent may be used by the County for general operations of providing service to Allen County citizens. The unrestricted portion of the total net position increased $12.8 million. The main factor in this increase is a $17.7 million increase in cash and cash equivalents of governmental activities. This is somewhat offset by decreases in other assets and deferred outflows to the tune of $4 million. However, overall liabilities decreased by $5.1 million due to reduced debt service payments. This 18.2% increase in unrestricted net position is due to not only better economic conditions, but also conscientious decision making in the expenditure of resources. Both of these contribute to the secure financial position of the County. The County’s component units showed assets exceeding liabilities by $79 million at the end of 2016. Beginning net position was restated at $74.7 million after an $11.6 million reduction due to the removal of component units previously mentioned above. Of the total net position, $40.6 million or 51.5% 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 $22.4 million or 28.3% of restricted dollars that are subject to an external restriction and $16 million or 20.2% of unrestricted dollars that can be used to provide daily operations for the component units. 2016 2015 2016 2015 2016 2015 2016 2015 Current and other assets 146,779 $ 132,109 $ 13,646 $ 17,449 $ 160,425 $ 149,558 $ 47,710 $ 44,634 $ Capital assets 402,075 390,357 70,048 67,140 472,123 457,497 72,497 74,697 Total assets 548,854 522,466 83,694 84,589 632,548 607,055 120,207 119,331 Deferred Outflows 22,462 23,400 527 852 22,989 24,252 3,681 4,371 Current and other liabilities 18,519 18,004 5,453 5,560 23,972 23,564 7,380 6,715 Long- term liablilities 94,693 100,559 32,865 34,643 127,558 135,202 36,365 41,448 Total liabilities 113,212 118,563 38,318 40,203 151,530 158,766 43,745 48,163 Deferred Inflows 8,094 5,971 - - 8,094 5,971 1,164 791 Net Position 450,010 $ 421,332 $ 45,903 $ 45,238 $ 495,913 $ 466,570 $ 78,979 $ 74,748 $ Invested in capital assets 364,386 $ 348,698 $ 35,620 $ 31,274 $ 400,006 $ 379,972 $ 40,635 $ 39,317 $ Restricted 3,617 3,350 8,772 12,579 12,389 15,929 22,396 21,053 Unrestricted 82,007 69,284 1,511 1,385 83,518 70,669 15,948 14,378 Total net position 450,010 $ 421,332 $ 45,903 $ 45,238 $ 495,913 $ 466,570 $ 78,979 $ 74,748 $ Component Units County's Net Position (amounts expressed in thousands) Governmental Business-type Activities Activities Total 10 ---PAGE BREAK--- Governmental activities. Governmental activities account for 90.7% of the County’s total net position as of December 31, 2016. 2016 2015 2016 2015 2016 2015 2016 2015 Revenues: Program revenues: Charges for services 23,616 $ 23,120 $ 5,676 $ 5,354 $ 29,292 $ 28,474 $ 595 $ 1,867 $ Operating grants and contributions 36,137 28,790 - - 36,137 28,790 4,308 3,330 Capital grants and contributions 2,998 2,410 - - 2,998 2,410 - - General Revenue: Property taxes 69,618 67,325 - - 69,618 67,325 25,103 26,562 CEDIT 6,971 7,624 - - 6,971 7,624 - - Franchise taxes 372 384 - - 372 384 - - Other taxes 26,748 28,179 - - 26,748 28,179 7,093 6,904 Food and beverage taxes - - 2,862 3,145 2,862 3,145 - - Sports and convention taxes - - 2,646 2,716 2,646 2,716 - - Unrestricted investment earnings 969 695 73 80 1,042 775 65 23 Misc and refund and reimbursement 3,999 2,493 - - 3,999 2,493 752 1,991 Total Revenues 171,428 161,020 11,257 11,295 182,685 172,315 37,916 40,677 Expenses: General government 48,423 48,811 - - 48,423 48,811 - - Public safety 63,795 62,227 - - 63,795 62,227 - - Highways and streets 14,848 25,164 - - 14,848 25,164 - - Sanitation 91 91 - - 91 91 - - Economic development 12,309 6,000 - - 12,309 6,000 - - Health and welfare 11,663 11,679 - - 11,663 11,679 - - Culture and recreation 703 693 - - 703 693 - - Coliseum - - 10,592 10,008 10,592 10,008 - - Southwest AC Fire District - - - - - - - 2,719 AC - Solid Waste District - - - - - - - 1,190 Allen County Public Library - - - - - - 33,685 32,135 Total expenses 151,832 154,665 10,592 10,008 162,424 164,673 33,685 36,044 Change in net position before special items 19,596 6,355 665 1,287 20,261 7,642 4,231 4,633 Change in net pension - - - - - - Change in OPEB liability (238) (325) - - (238) (325) - - Contributed capital 9,320 4,330 - 15 9,320 4,345 - - - - - - - - Change in net position 28,678 10,360 665 1,301 29,343 11,661 4,231 4,633 Net position- beginning 421,332 410,972 45,238 43,937 466,570 454,909 86,352 81,719 Prior Period Adj- Note III.F. - - - - - - (11,604) - Net position- beginning(restated) 421,332 410,972 45,238 43,937 466,570 454,909 74,748 81,719 Net position- ending 450,010 $ 421,332 $ 45,903 $ 45,238 $ 495,913 $ 466,570 $ 78,979 $ 86,352 $ Gain(Loss) on disposal of capital asset Component Units Total (Amounts expressed in thousands) Allen County Changes in Net Position Governmental Activities Business-type Activities 11 ---PAGE BREAK--- Expenses and Program Revenues – Governmental Activities Revenues by Source – Governmental Activities Expenses by Function/Program – Governmental Activities - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation 48,423 63,795 14,848 91 12,309 11,663 703 12,883 24,157 16,663 129 - 5,715 205 (In Thousands) Expenses Revenues Property tax 40.6% CEDIT 4.1% Charges for services 13.8% Other taxes 15.6% Franchise taxes 0.2% Unrestricted investment earnings 0.6% Operating grants and contributions 21.1% Capital Grants and Contributions 1.7% Misc and refunds and reimbursements 2.3% General government 31.9% Public safety 42.0% Highways and streets 9.8% Economic development 8.1% Health and welfare 7.7% Culture, Recreation, & Sanitation 0.5% 12 ---PAGE BREAK--- Business-type activities. Business-type activities account for 9.3% of the County’s total net position as of December 31, 2016. The Allen County War Memorial Coliseum is the only branch of County government included in business-type activities. The Allen County War Memorial Coliseum had revenues totaling $11.3 million and incurred $10.6 million of expenses. During 2016, the total revenues included $5.7 million of program revenue and $5.7 million from the Food & Beverage Taxes, Sports & Convention Taxes, and unrestricted investment earnings. The Food & Beverage Tax revenue of $2.9 million shown in the financial statements is net of $4.8 million of revenues that were transferred to the Allen County-Fort Wayne Capital Improvement Board as they were not needed by the Coliseum for debt or lease obligations. Revenues by Source – Business-type Activities Governmental funds. The general government functions are contained in the General, Special revenue, Debt service, and Capital project funds. The focus of the County’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources (modified accrual). Such information is useful in assessing the County’s financing requirements. In accordance with GASB 54 fund balances are classified as such: Nonspendable, Restricted, Committed, Assigned, and Unassigned. The classifications are primarily based on the degree to which the County is bound by constraints on resources reported in the funds. Further detailed information regarding how the County’s resources are allocated into the above-mentioned classifications can be found in Note I, Section D, Subsection 10 of the notes to the financial statements. As of December 31, 2016, the County’s governmental funds reported a combined ending fund balance of $120.3 million, an increase of $13.7 million or 12.9 percent in comparison to December 31, 2015. Assets increased $11.6 million, overwhelmingly due to the $16.6 million increase in Cash and cash equivalents. Investments, receivables and assets held for resale all experienced decreases with a cumulative total of $5 million. Liabilities and deferred inflows of resources both decreased by $1.3 million and million. In looking more specifically at the individual funds, the General Fund cash and cash equivalents increased $5.5 million and can be attributed to a $1.6 million increase in property tax collections, $1.5 million increase in intergovernmental revenues and the remainder the result of unspent appropriations. The Rainy Day and CEDIT funds experienced minimal change and overall fund balances decreased million and $1.7 million respectively. The CEDIT Fund decrease is due to increased Highway projects. The COIT Fund balance increased million as a result of income tax revenue exceeding expectations and child support expense reimbursements higher than estimated. The remaining Other Governmental Funds experienced the largest fund balance increase of $9.8 million. Over half, or $5.5 million of the increase is due to 2016 SEA 67 which required a special distribution from our local income tax trust accounts held at the State level due to growing fund balances. This revenue is to be used for road funding. The Cumulative Capital Development fund balance also increased by $2 million as the County Commissioners have been building this Fund balance up to save for upcoming projects. The Stonebridge Business Park TIF Fund increased by $1 million from the sale of shovel-ready land. The Charges for services 50.4% Sports and convention tax 23.5% Food and beverage tax 25.4% Unrestricted investment earnings 0.7% 13 ---PAGE BREAK--- remaining $1.3 million increase in the Other Governmental Funds is a combination of changes within many other Funds. Approximately $1.9 million or 1.6 percent of the combined ending fund balance are assets held for resale and constitute the Nonspendable fund balance. The majority, $67 million or 55.7 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 $22.1 million or 18.3 percent of the combined ending fund balance. Assigned resources comprise $15.8 million or 13.1 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 $15.4 million and the overall Unassigned Fund balance at December 31, 2016, was $13.5 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, 2016, approximately $1.9 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, 2016, the combined fund balance of the Assigned and Unassigned classifications in the General and COIT Funds was $17.3 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 2016 were $88.3 million. Thus, the amount of resources determined to be readily available for expenditure and not bound to restriction or constraint, represents 19.6 percent of the combined General and COIT fund expenditures for 2016. This amount more than doubled from 2015. In addition to the fund balance changes previously mentioned, $3.9 million of this $9.8 million increase is due to funds that were previously Committed for PERF no longer being needed and re-classified as Unassigned. The combined fund balances of the County’s General and COIT Funds increased by $6.1 million during fiscal year ended 2016. This is largely due to General Fund revenues exceeding expenditures by $5.5 million and million from other financing sources and uses. In comparison to 2015, General and COIT Fund revenues increased $3.9 million or 4.4% while expenses remained fairly flat with a million or increase. The other financing sources are the result of the million transfer in from the Auditor’s Ineligible Deductions fund per Indiana law. 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 $13.1 million at the end of 2016. During 2016 the Rainy Day Fund spent the remaining encumbered million of the Highway Truck loan and this resulted in the million decreased fund balance 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 $19.7 million at the end of 2016. This is a $1.7 million or 7.9 percent decrease over 2015 and is due expenditures exceeding revenues by $1.9 million. Expenditures consisted of $1.8 million for debt service and $9.9 million for economic development capital outlays. 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 $1.5 million for the Allen County War Memorial Coliseum and $7.6 million for the County’s Internal Service funds. Factors concerning the finances of the Allen County War 14 ---PAGE BREAK--- 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. The 2016 contributions to the Health Self-Insurance fund were approximately $1.4 million more than expenses and is the result of the total net position increase. The County continues to experience minimal increases in health insurance claims which are evidenced by an only million or 1.6% increase in claims and expenses from 2015. GENERAL FUND BUDGETARY HIGHLIGHTS The County’s final General Fund budget for 2016 exceeded its original budget by approximately $5.3 million or The key elements of the difference between the original budget and final budget are listed below:  $3.9 million was related to Pension funding as the County had encumbered these funds for making a one-time contribution due to the withdrawal of new employees from PERF as of December 31, 2014, but it was later determined this expenditure was not necessary.  million was due to increasing the Building Maintenance budget to cover the maintenance of the Jail.  million for Property Tax Refunds.  million for increasing the Public Defender budgeted funds for defending CHINS/TPR cases.  million was additionally appropriated to fund the Prosecutor child support program.  million for additional General Fund appropriations amongst multiple departments related to the general operations of the County. For year-end December 31, 2016, General Fund revenues received were approximately $2.7 million greater than budgeted. Some of the significant contributions to actual revenues exceeding the budgeted figures are the collection of approximately million more in vehicle excise tax dollars, million more than estimated for property tax refunds, and additional million reimbursement for care of prisoner’s, and million in additional building permit revenue. Additionally, actual expenditures were approximately $7.7 million less than final budgeted appropriations. The significant unspent appropriations primarily consisted of $6.3 million in salaries and benefits which includes the previously mentioned $3.9 million for Pension funding that eventually was unneeded and $1 million for County wide compensation; the remainder is related to turnover and unfilled positions for portions of the year and million in services including unspent Building maintenance funds for budgeted utility expenses and the contractual contribution for public safety dispatch that was made in 2017, 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, 2016 was $472.1 million (net of accumulated depreciation), an increase of $14.6 million or 3.2 percent. The increase is for the most part due to construction in progress and new road infrastructure for governmental activities. This investment in capital assets includes land and easements, infrastructure, construction in progress, buildings and improvements, equipment, intangible assets and net investment in joint venture. 15 ---PAGE BREAK--- 2016 2015 2016 2015 2016 2015 Land and easements 10,501 $ 9,943 $ 381 $ 381 $ 10,882 $ 10,324 $ Construction in progess 56,276 50,368 17,796 15,435 74,072 65,803 Buildings and improvements 77,805 78,342 48,472 48,099 126,277 126,441 Machinery and equipment 12,050 12,816 3,399 3,225 15,449 16,041 Infrastructure being depreciated 242,097 235,480 - - 242,097 235,480 Intangible assets 363 239 - - 363 239 Net investment in joint venture 2,983 3,169 - - 2,983 3,169 402,075 $ 390,357 $ 70,048 $ 67,140 $ 472,123 $ 457,497 $ Total Governmental Activities Business-type Activities Primary Government Capital Assets (net of depreciation) (amounts expressed in thousands) The County’s infrastructure assets are recorded at historical costs in the government-wide financials as required by GASB Statement No. 34. The County has elected to use the straight-line depreciation method to report these assets as opposed to the modified approach. Additional information on the County’s capital assets can be found in Note III.B on pages 46 and 47 of this report. Long-term debt. At December 31, 2016, the County had total debt outstanding of $72.7 million. Of this amount, $45.2 million of first mortgage bonds, $27.5 million of revenue bonds. 2016 2015 2016 2015 2016 2015 General Obligation Bonds - $ - $ - $ - $ - $ - $ First Mortgage Bonds 10,202 14,230 34,955 36,718 45,157 50,948 Revenue Bonds 27,488 27,429 - - 27,488 27,429 37,690 $ 41,659 $ 34,955 $ 36,718 $ 72,645 $ 78,377 $ Total Governmental Activities Business-type Activities Primary Government Outstanding Debt General Obligation Bonds, First Mortgage Bonds, and Revenue Bonds (including bond discounts, premiums or losses) (amounts expressed in thousands) Outstanding debt decreased $5.7 million or 7.3 percent, which is due to regularly scheduled debt service payments and bond refunding. Bond refunding was done for outstanding issuances related to the Coliseum, Maplecrest Rd Bridge Bonds, and the Jail Building Corp bonds. The County currently maintains an Aa3 Underlying rating from Moody’s Investor Services for the 2011 Juvenile Justice Center and the 2016 Jail Building first mortgage bonds, and the Memorial Coliseum first mortgage series 2016, 2014 and 2011. Moody’s provided an Aa2 Underlying rating for the 2016 Maplecrest Bridge Revenue Bonds. Approximately $1.6 million of the 2011 Juvenile Justice Center bonds remaining from the 2004 series refunding and all three Series of the 2015 General Motors Tax Increment Revenue bonds have an A2 rating. At December 31, 2016 the County had a net pension liability of $56.9 million which is $1.8 million or 3 percent less than the December 31, 2015 net pension liability. Deferred outflows of resources related to pensions were $20.4 million compared with $8 million in deferred inflows of resources related to pensions. ---PAGE BREAK--- In addition to the indebtedness noted above, the County also has long-term liabilities for compensated absences and other post-employment benefits totaling $9.8 million at December 31, 2016 compared with $9.3 million at year end 2015. The million or 5.4 percent increase is broken down as million increase in other post-employment benefits and million in compensated absences. Additional information on the County’s long-term debt can be found in Note III.D on pages 48 through 49 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.  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 an average 2.91 percent from 2013 to 2016. The net assessed value increases are indicative of the local real estate market. Additionally, these increases allow for greater property tax collections, $1.6 million or 3 percent over 2015, and help limit the amount of property tax cap circuit breaker credits as a higher value results in a higher tax cap. We anticipate that net assessed values will continue to increase in the 3 percent region for the next couple years. Income tax revenues are the other primary source of funding for general operations and increased million or 3.1 percent. Similar to net assessed value, we do not anticipate a decrease in income tax revenues as the local labor force is steady and unemployment remains very low. The County continues to place significant emphasis on cost cutting initiatives and maximum return on the taxpayer dollar. This is highly evident in the over $7 million unspent 2016 appropriations and over $13 million increase in total fund balance. One item that we anticipate having significant effect in the years to come is the transition of new employees off the defined benefit pension plan to the defined contribution plan. In just two years, the County has experienced almost million in savings.  As can be gleaned from the previous information, the County began 2017 with a very strong fiscal position. We expect this trend to continue for the immediate future. The County, Cities and Towns remained committed to fostering economic growth and attracting new residents. Local development, both residential and commercial, is at historical highs with a few large scale projects expected to finish up in the next year or so and residents will begin employment. It is anticipated that the County will see increased road funding in the future and this will stimulate further infrastructure improvements. This investment by both the private and public sector ensures Allen County remains the economic hub of northeast Indiana. These factors along with others were considered when preparing the County’s budget for the 2017 fiscal year. REQUEST FOR INFORMATION This financial report is designed to provide a general overview of the County’s finances for all of those with an interest in the County’s finances (including the County’s taxpayers, citizens, investors, creditors, and customers). Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Allen County Auditor, 1 East Main Street, Suite 102, Fort Wayne, Indiana 46802-1887 or [EMAIL REDACTED]. ---PAGE BREAK--- BASIC FINANCIAL STATEMENTS AND ACCOMPANYING NOTES The financial statements and accompanying notes were prepared by management of the County. The financial Statements and notes are presented as intended by the County. 18 ---PAGE BREAK--- Governmental Business-Type Component Assets Activities Activities Totals Units Cash and cash equivalents - unrestricted 114,345,433 $ 738,214 $ 115,083,647 $ 28,894,180 $ Investments - unrestricted 16,876,381 98,603 16,974,984 16,170,270 Receivables (net of allowances for uncollectibles): Interest 88,370 541 88,911 74,607 Taxes 8,333,373 - 8,333,373 1,187,826 Accounts 937,818 182,993 1,120,811 70,000 Special assessments 140,342 - 140,342 - Intergovernmental 2,248,827 - 2,248,827 978,125 Suite - 797,067 797,067 - Other - - - 190,922 Inventories 1,461,069 - 1,461,069 - Prepaid expense 433,628 129,733 563,361 144,020 Assets held for resale 1,913,360 - 1,913,360 - Restricted assets: Cash and cash equivalents - restricted - 8,254,258 8,254,258 - Cash with fiscal agent - restricted - 87,459 87,459 - Investments - restricted - 881,592 881,592 - Interest receivable - 4,839 4,839 - Taxes receivable - 2,223,363 2,223,363 - Suite receivable - 247,000 247,000 - Capital assets: Land, intangibles and construction in progress 66,776,935 18,176,749 84,953,684 5,954,969 Other capital assets, net of depreciation 335,298,830 51,870,935 387,169,765 66,541,863 Total assets 548,854,366 83,693,346 632,547,712 120,206,782 Deferred Outflows of Resources Unamortized loss on refunding 2,028,771 526,841 2,555,612 116,958 Pension related 20,433,292 - 20,433,292 3,564,033 Total deferred outflow of resources 22,462,063 526,841 22,988,904 3,680,991 Liabilities Accounts payable 3,357,169 90,931 3,448,100 781,327 Accrued payroll and withholdings payable 4,314,619 180,250 4,494,869 356,671 Taxes payable - 3,386 3,386 - Accrued interest payable - - - 71,968 Notes and Loans payable - - - - Incurred but not reported claims 1,023,724 - 1,023,724 - Unearned revenue - 1,435,771 1,435,771 - Payable from restricted assets: Accounts payable - 90,940 90,940 - Ticket office customer deposits payable - 1,275,129 1,275,129 - First mortgage revenue bonds - due within one year - 2,090,000 2,090,000 - Accrued interest payable 252,062 216,508 468,570 - Noncurrent liabilities: Due within one year: First mortgage general obligation bonds payable 4,030,000 - 4,030,000 6,050,000 Compensated absences 3,311,029 69,879 3,380,908 119,833 Revenue bonds payable 2,230,000 - 2,230,000 - Due in more than one year: First mortgage general obligation bonds payable (net of premium) 6,172,057 - 6,172,057 25,468,646 First mortgage revenue bonds payable (net of premium) - 32,864,891 32,864,891 - Compensated absences - - - 599,165 Revenue bonds payable (net of premium/discounts) 25,258,142 - 25,258,142 - Unearned revenue - - - 845,847 Net pension liability 56,854,401 - 56,854,401 9,451,765 Other postemployment benefits liability 6,408,580 - 6,408,580 - Total liabilities 113,211,783 38,317,685 151,529,468 43,745,222 Deferred Inflows of Resources Unamortized gain on refunding 85,605 - 85,605 459,759 Pension related 8,008,715 - 8,008,715 703,932 Total deferred inflows of resources 8,094,320 - 8,094,320 1,163,691 Net position Net investment in capital assets 364,385,567 35,619,634 400,005,201 40,635,385 Restricted for: Capital projects - 87,459 87,459 3,643,391 Debt service 2,333,447 - 2,333,447 6,609,172 Perpetual endowment subject to donor stipulations - - - 8,000,000 Perpetual endowment subject to time restrictions - - - 2,179,792 Other purposes 1,283,918 8,684,185 9,968,103 1,963,204 Unrestricted 82,007,394 1,511,224 83,518,618 15,947,916 Total net position 450,010,326 $ 45,902,502 $ 495,912,828 $ 78,978,860 $ The notes to the financial statements are an integral part of this statement. Primary Government ALLEN COUNTY STATEMENT OF NET POSITION December 31, 2016 19 ---PAGE BREAK--- Operating Capital Charges for Grants and Grants and Governmental Business-Type Component Functions/Programs Expenses Services Contributions Contributions Activities Activities Totals Units Primary government: Governmental activities: General government 48,422,869 $ 8,528,585 $ 4,354,611 $ - $ (35,539,673) $ - $ (35,539,673) $ - $ Public safety 63,795,461 11,514,113 12,643,146 - (39,638,202) - (39,638,202) - Highways and streets 14,847,775 455,920 16,207,415 2,997,900 4,813,460 - 4,813,460 - Sanitation 90,597 128,700 - - 38,103 - 38,103 - Economic development 12,309,004 - - - (12,309,004) - (12,309,004) - Health and welfare 11,663,433 2,818,984 2,895,903 - (5,948,546) - (5,948,546) - Culture and recreation 702,702 169,276 36,023 - (497,403) - (497,403) - Total governmental activities 151,831,841 23,615,578 36,137,098 2,997,900 (89,081,265) - (89,081,265) - Business-type activities: Coliseum 10,591,792 5,675,922 - - - (4,915,870) (4,915,870) - Total primary government 162,423,633 $ 29,291,500 $ 36,137,098 $ 2,997,900 $ (89,081,265) (4,915,870) (93,997,135) - Component units: Allen County Public Library 33,684,639 594,693 4,308,424 - - - - (28,781,522) Total component units 33,684,639 $ 594,693 $ 4,308,424 $ - $ - - - (28,781,522) General revenues: Property taxes 69,618,237 - 69,618,237 25,103,023 CEDIT 6,970,618 - 6,970,618 - Franchise taxes 372,449 - 372,449 - Other taxes 26,747,550 - 26,747,550 7,092,695 Food and beverage taxes - 2,861,760 2,861,760 - Sports and convention taxes - 2,645,929 2,645,929 - Unrestricted investment earnings 969,283 72,716 1,041,999 64,933 Miscellaneous and refunds and reimbursements 3,998,503 - 3,998,503 752,003 Change in postemployment benefits liability (237,630) - (237,630) - Capital contributions 9,320,054 - 9,320,054 - Total general revenues 117,759,064 5,580,405 123,339,469 33,012,654 Change in net position 28,677,799 664,535 29,342,334 4,231,132 Net position - beginning 421,332,527 45,237,967 466,570,494 86,352,240 Prior Period adjustment - See Note III. F. - - - (11,604,512) Net position - beginning (restated) 421,332,527 45,237,967 466,570,494 74,747,728 Net position - ending 450,010,326 $ 45,902,502 $ 495,912,828 $ 78,978,860 $ 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, 2016 20 ---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 13,526,328 $ 11,416,197 $ 16,392,532 $ 1,134,371 $ 63,247,954 $ 105,717,382 $ Investments 5,186,504 908,826 2,397,996 57,669 7,896,548 16,447,543 Receivables (net of allowances for uncollectibles): Interest 45,584 4,988 - 317 34,963 85,852 Taxes 2,715,571 - 1,219,470 3,246,894 1,151,438 8,333,373 Accounts 472,820 - - - 392,670 865,490 Special assessments - - - - 140,342 140,342 Intergovernmental 1,530,647 - 138,900 31,470 547,810 2,248,827 Interfund receivable: Interfund loans 43,409 813,850 1,073,467 - 1,429,136 3,359,862 Assets held for resale - - - - 1,913,360 1,913,360 Total assets 23,520,863 $ 13,143,861 $ 21,222,365 $ 4,470,721 $ 76,754,221 $ 139,112,031 $ Liabilities, Deferred Inflows of Resources, Fund Balances Liabilities: Accounts payable 1,078,506 $ - $ 303,457 $ 49,299 $ 1,468,398 $ 2,899,660 $ Accrued payroll and withholdings payable 3,302,381 - 14,385 - 997,853 4,314,619 Interfund payable: Interfund loans - - - - 3,359,862 3,359,862 Total liabilities 4,380,887 - 317,842 49,299 5,826,113 10,574,141 Deferred inflows of resources: Unavailable revenue - property taxes 2,234,903 - - - 414,325 2,649,228 Unavailable revenue - license excise taxes 480,668 - - - 89,110 569,778 Unavailable revenue - income taxes - - 1,219,470 3,246,894 541,976 5,008,340 Total deferred inflows of resources 2,715,571 - 1,219,470 3,246,894 1,045,411 8,227,346 Fund balances: Nonspendable fund balance - - - - 1,913,360 1,913,360 Restricted fund balance - - 1,283,918 - 65,747,328 67,031,246 Committed fund balance 293,455 - 18,401,135 39,885 3,324,920 22,059,395 Assigned fund balance 757,522 13,143,861 - 1,134,643 752,309 15,788,335 Unassigned fund balance 15,373,428 - - - (1,855,220) 13,518,208 Total fund balances 16,424,405 13,143,861 19,685,053 1,174,528 69,882,697 120,310,544 Total liabilities, deferred inflows of resources, and fund balances 23,520,863 $ 13,143,861 $ 21,222,365 $ 4,470,721 $ 76,754,221 $ 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. 402,075,765 Other long-term assets are not available to pay for current-period expenditures and, therefore, are deferred in the funds. ` 30,555,335 Internal service funds are used by management to charge the costs of certain services to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the Statement of Net Position. 7,650,502 Long-term liabilities, including bonds payable, are not due and payable in the current period and, therefore, are not reported in the funds. (47,318,839) Net pension liabilities are not due and payable in the current period and, therefore, are not reported in the funds. (56,854,401) Net other postemployment benefits liability is not due and payable in the current period and, therefore, is not reported in the funds. (6,408,580) Net position of governmental activities 450,010,326 $ ALLEN COUNTY BALANCE SHEET - GOVERNMENTAL FUNDS December 31, 2016 The notes to the financial statements are an integral part of this statement. 21 ---PAGE BREAK--- County Economic County Option Other Total Development Income Tax Governmental Governmental General Rainy Day Income Tax Distributive Shares Funds Funds Revenues: Taxes 56,060,963 $ - $ 6,970,618 $ 14,857,731 $ 19,046,500 $ 96,935,812 $ Special assessments - - - - 1,348,122 1,348,122 Licenses and permits 2,323,585 - - - - 2,323,585 Intergovernmental 12,486,279 - 2,806,175 189,107 32,416,512 47,898,073 Charges for services 4,044,129 - - - 10,526,897 14,571,026 Fines and forfeits 1,317,103 - - - 2,690,606 4,007,709 Other 2,534,049 59,318 376 6,574 2,499,823 5,100,140 Total revenues 78,766,108 59,318 9,777,169 15,053,412 68,528,460 172,184,467 Expenditures: Current: General government 27,017,924 - - 14,313,331 4,366,604 45,697,859 Public safety 40,914,003 - - - 20,344,937 61,258,940 Highways and streets - 546,150 - - 14,850,852 15,397,002 Sanitation - - - - 90,597 90,597 Economic development 9,127 - - - 35,969 45,096 Health and welfare 5,544,554 - - - 6,043,966 11,588,520 Culture and recreation 513,931 - - - 136,977 650,908 Debt service: Principal - - 1,000,000 - 4,995,000 5,995,000 Interest - - 796,726 - 538,247 1,334,973 Bond issuance costs - - - - 420,787 420,787 Capital outlay: Economic development - - 9,885,357 - 6,449,592 16,334,949 Special assessment - - - - 46,183 46,183 Total expenditures 73,999,539 546,150 11,682,083 14,313,331 58,319,711 158,860,814 Excess (deficiency) of revenues over (under) expenditures 4,766,569 (486,832) (1,904,914) 740,081 10,208,749 13,323,653 Other financing sources (uses): Transfers in 733,783 - 249,745 - 5,534,207 6,517,735 Transfers out - - (35,000) (145,000) (6,337,735) (6,517,735) Temporary loan proceeds 5,500,000 5,500,000 - - - 11,000,000 Repayment of temporary loan (5,500,000) (5,500,000) - - - (11,000,000) Payment to bond escrow agent - - - - (28,315,328) (28,315,328) Bond proceeds - - - - 25,755,000 25,755,000 Bond premium - - - - 2,981,407 2,981,407 Total other financing sources and uses 733,783 - 214,745 (145,000) (382,449) 421,079 Net change in fund balances 5,500,352 (486,832) (1,690,169) 595,081 9,826,300 13,744,732 Fund balances - beginning 10,924,053 13,630,693 21,375,222 579,447 60,056,397 106,565,812 Fund balances - ending 16,424,405 $ 13,143,861 $ 19,685,053 $ 1,174,528 $ 69,882,697 $ 120,310,544 $ ALLEN COUNTY STATEMENT OF REVENUES, EXPENDITURES ,AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS For The Year Ended December 31, 2016 The notes to the financial statements are an integral part of this statement. 22 ---PAGE BREAK--- Net change in fund balances - total governmental funds (Statement of Revenues, Expenditures and Changes in Fund Balances). 13,744,732 $ Amounts reported for governmental activities in the Statement of Activities are different because: Governmental funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets, which meet capitalization requirements, is capitalized. The cost of depreciable assets is allocated over the estimated useful lives and reported as depreciation expense (functionalized). Capital assets not being depreciated: Land 558,111 Construction in progress 5,907,548 Total change in capital assets not being depreciated 6,465,659 Capital assets being depreciated: Buildings, net of $1,944,483 depreciation expense (523,169) Improvements other than buildings, net of $13,791 depreciation expense (13,791) Machinery and equipment, net of $1,130,103 depreciation expense (766,410) Infrastructure, net of $5,963,457 depreciation expense 6,617,540 Net investment in joint venture, net of $143,659 depreciation expense (186,035) Intangible assets, net of $30,442 depreciation expense 124,880 Total change in capital assets being depreciated 5,253,015 Total changes in capital assets 11,718,674 Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the governmental funds. (830,187) 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. 6,620,000 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. (1,437,020) 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. 267,600 Net pension liabilities are considered a long-term obligation of the general government, but are not current expenditures. (2,511,270) Other postemployment benefits liability is considered a long-term obligation of the general government, but is not a current expenditure. (237,630) 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. (78,972) Internal service funds are used by management to charge the costs of certain activities to individual funds. The net revenue (expense) of the internal service funds is reported with governmental activities. 1,421,872 Change in net position of governmental activities (Statement of Activities) 28,677,799 $ 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, 2016 23 ---PAGE BREAK--- Business-Type Activities - Enterprise Fund War Memorial Internal Assets Coliseum Service Funds Current assets: Cash and cash equivalents 738,214 $ 8,628,051 $ Investments 98,603 428,838 Interest receivable 541 2,518 Accounts receivable (net of allowance) 182,993 72,328 Suite receivable 797,067 - Prepaid items 129,733 - Total current assets 1,947,151 9,131,735 Noncurrent assets: Restricted cash, cash equivalents and investments: Cash and cash equivalents 8,254,258 - Cash with fiscal agent 87,459 - Investments 881,592 - Interest receivable 4,839 - Taxes receivable 2,223,363 - Suite receivable 247,000 - Capital assets: Land, and construction in progress 18,176,749 - Other capital assets (net of accumulated depreciation) 51,870,935 - Total noncurrent assets 81,746,195 - Deferred Outflows of Resources Unamortized loss on refunding 526,841 - Liabilities Current liabilities: Accounts payable 90,931 457,509 Accrued wages payable 180,250 - Taxes payable 3,386 - Compensated absences 69,879 - Incurred but not reported claims - 1,023,724 Unearned revenue 1,435,771 - Current liabilities payable from restricted assets: Accounts payable 90,940 - Ticket office customer deposits 1,275,129 - First mortgage revenue bonds payable 2,090,000 - Accrued interest payable 216,508 - Total current liabilities 5,452,794 1,481,233 Noncurrent liabilities: First mortgage revenue bonds payable (net of unamortized premium) 32,864,891 - Total liabilities 38,317,685 1,481,233 Net position Net investment in capital assets 35,619,634 - Restricted for capital assets 87,459 - Restricted for other purposes 8,684,185 - Unrestricted 1,511,224 7,650,502 Total net position 45,902,502 $ 7,650,502 $ ALLEN COUNTY STATEMENT OF NET POSITION - PROPRIETARY FUNDS December 31, 2016 The notes to the financial statements are an integral part of this statement. 24 ---PAGE BREAK--- Business-Type Activities - Enterprise Fund War Memorial Internal Coliseum Service Funds Operating revenues: Miscellaneous 320,401 $ 43,890 $ Rent 1,026,629 - Concessions 1,263,231 - Parking 1,560,306 - Ticket office 122,752 - Advertising 365,658 - Arena maintenance fee 277,532 - Suite/club seats 739,413 - Employee/employer contributions - 15,359,965 Total operating revenues 5,675,922 15,403,855 Operating expenses: Salaries and wages 2,332,951 - Fringe benefits 674,480 - Materials and supplies 458,986 - Purchased services 1,020,499 - Utilities 730,596 - Miscellaneous 206,531 - Maintenance and repair 94,151 - Insurance claims and expenses - 14,011,032 Depreciation 2,985,456 - Total operating expenses 8,503,650 14,011,032 Operating Income (loss) (2,827,728) 1,392,823 Nonoperating revenues (expenses): Interest and investment revenue 72,716 29,049 Food and beverage taxes 2,861,760 - Sports and convention taxes 2,645,929 - Bond issue costs (434,440) - Amortization of loss on bond refunding (325,324) - Interest expense (1,328,378) - Total nonoperating revenue 3,492,263 29,049 Change in net position 664,535 1,421,872 Total net position - beginning 45,237,967 6,228,630 Total net position - ending 45,902,502 $ 7,650,502 $ ALLEN COUNTY STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION - PROPRIETARY FUNDS For The Year Ended December 31, 2016 The notes to the financial statements are an integral part of this statement. 25 ---PAGE BREAK--- Business-Type Activities - Enterprise Fund War Memorial Internal Coliseum Service Funds Cash flows from operating activities: Receipts from customers and users 5,778,245 $ 15,379,937 $ Payments to suppliers (2,877,219) (14,292,624) Payments to employees (2,291,429) - Other receipts - 43,890 Net cash provided by operating activities 609,597 1,131,203 Cash flows from capital and related financing activities: Acquisition and construction of capital assets (5,893,356) - Proceeds for new bond issue 16,734,781 - Refunding bond principal paid (15,760,000) - Principal paid on capital debt (2,915,000) - Interest paid on capital debt (1,622,529) - Food and beverage taxes 2,434,253 - Sports and convention taxes 2,631,828 - Net cash used by capital and related financing activities (4,390,023) - Cash flows from investing activities: Proceeds from sales and maturities of investments 1,538,602 275,627 Purchase of investments (980,195) (428,838) Interest received 75,631 28,014 Net cash provided (used) by investing activities 634,038 (125,197) Net increase (decrease) in cash and cash equivalents (3,146,388) 1,006,006 Cash and cash equivalents, January 1 12,226,319 7,622,045 Cash and cash equivalents, December 31 9,079,931 $ 8,628,051 $ Reconciliation of operating income (loss) to net cash provided by operating activities: Operating income (loss) (2,827,728) $ 1,392,823 $ Adjustments to reconcile operating income (loss) to net cash provided by operating activities: Depreciation expense 2,985,456 - (Increase) decrease in assets: Accounts receivable 23,668 19,972 Prepaid items (17,014) - Increase (decrease) in liabilities: Customer deposits 670,087 - Accrued wages payable 31,139 - Accounts payable (345,721) 15,258 Unavailable revenue 78,655 - Taxes payable 672 - Compensated absence payable 10,383 - Incurred but not reported claims - (296,850) Total adjustments 3,437,325 (261,620) Net cash provided by operating activities 609,597 $ 1,131,203 $ ALLEN COUNTY STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS For The Year Ended December 31, 2016 The notes to the financial statements are an integral part of this statement. 26 ---PAGE BREAK--- Pension Trust Agency Assets Funds Funds Cash and cash equivalents 2,784,302 $ 15,210,118 $ Receivables: Taxes - 33,278,485 Accounts - 94,725 Interest and dividends 27,778 - Intergovernmental - 2,878,710 Contributions 16,343 - Total receivables 44,121 36,251,920 Investments at fair value: U.S. government securities 1,266,137 12,205 Shares of unit investment trusts 43,666,787 - Total investments 44,932,924 12,205 Total assets 47,761,347 $ 51,474,243 $ Liabilities Payroll withholdings payable - $ 297,210 $ Intergovernmental payable - 108,538 Trust payable - 51,068,495 Total liabilities - 51,474,243 $ Net Position Net position held in trust for: Employees' pension benefits 47,761,347 Total net position restricted for pensions 47,761,347 $ ALLEN COUNTY STATEMENT OF FIDUCIARY NET POSITION - FIDUCIARY FUNDS December 31, 2016 The notes to the financial statements are an integral part of this statement. 27 ---PAGE BREAK--- Pension Trust Additions Funds Contributions: Employer 2,033,636 $ Plan members 236,520 Total contributions 2,270,156 Investment income: Net increase in fair value of investments 2,807,185 Interest 1,152,208 Net investment income 3,959,393 Total additions 6,229,549 Deductions Benefits 3,006,608 Administrative expense 96,013 Total deductions 3,102,621 Changes in net position 3,126,928 Net position - beginning 44,634,419 Net position - ending 47,761,347 $ 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, 2016 28 ---PAGE BREAK--- ALLEN COUNTY NOTES TO FINANCIAL STATEMENTS I. Summary of Significant Accounting Policies A. Reporting Entity Allen County (primary government) was established under the laws of the State of Indiana. The primary government operates under a council-commissioner form of government and provides the following services: public safety (police and fire), highways and streets, health, welfare and social services, culture and recreation, public improvements, planning and zoning, and general administrative services. The accompanying financial statements present the activities of the primary government and its significant component units. The component units discussed below are included in the primary government's reporting entity because of the significance of their operational or financial relationships with the primary government. Blended component units, although legally separate entities are in substance part of the government's operations and exist solely to provide services for the government; data from these units is combined with data of the primary government. Discretely presented component units are involved in activities of an operational nature independent from the government; their transactions are reported in a separate column in the government-wide financial statements to emphasize that it is legally separate from the government. Blended Component Units The Allen County Jail Building Corporation is a significant blended component unit of the primary government. The primary government appoints a voting majority of the Jail Building Corporation's board and a financial benefit/burden relationship exists between the primary government and the Jail Building Corporation. Although it is legally separate from the primary government, the Allen County Jail Building Corporation is reported as if it were a part of the primary government because it provides services entirely or almost entirely to the primary government. The Allen County Juvenile Justice Center Building Corporation is a significant blended component unit of the primary government. The primary government appoints a voting majority of the Juvenile Justice Center Building Corporation’s board and a financial benefit/burden relationship exists between the primary government and the Juvenile Justice Center Building Corporation. Although it is legally separate from the primary government, the Allen County Juvenile Justice Center Building Corporation is reported as if it were a part of the primary government because it provides services entirely or almost entirely to the primary government. The Allen County War Memorial Coliseum Additions Building Corporation is a significant blended component unit of the primary government. The primary government appoints a voting majority of the Allen County War Memorial Coliseum Additions Building Corporation’s board and a financial benefit/burden relationship exists between the primary government and the Allen County War Memorial Coliseum Additions Building Corporation. Although it is legally separate from the primary government, the Allen County War Memorial Coliseum Additions Building Corporation is reported as if it were a part of the primary government because it provides services entirely or almost entirely to the primary government. Discretely Presented Component Unit The Allen County Public Library is a significant discretely presented component unit of the primary government. The primary government appoints a voting majority of the Allen County Public Library’s Board and is able to impose its will. It would be misleading to exclude the Allen County Public Library from the primary government’s financial statements because of its relationship with the primary government. 29 ---PAGE BREAK--- The financial statements of the individual component units may be obtained from their respective offices as follows: Allen County Jail Building Corporation c/o U.S. National Bank Association 10 W. Market Street, Suite 1150 Indianapolis, IN 46204 Allen County Juvenile Justice Center Building Corporation c/o Wells Fargo Bank Corporate Trust Department 111 E. Wayne Street Fort Wayne, IN 46801 Allen County War Memorial Coliseum Additions Building Corporation c/o Wells Fargo Bank Corporate Trust Department 111 E. Wayne Street Fort Wayne, IN 46801 Allen County Public Library 900 Library Plaza Fort Wayne, IN 46802 Joint Venture The primary government is a participant in a joint venture agreement with the City of Fort Wayne (City) for the operation of the City-County Building’s Plaza Parking Garage (Garage). The County and City each appoint three members of the Garage’s Condominium Association (Association). The County and City jointly appoint the seventh member. The Association is a not-for-profit corporation and is responsible for the operation of the garage. The County and City each have a 50 percent equity interest in the venture, with each entity having invested approximately $4.7 million in the project. The County’s share of construction cost was financed primarily from the proceeds of a 1995 Parking Garage Capital Lease and a $1.7 million 2001 Parking Garage Revenue Bond issue. The County’s equity interest was recorded in the County’s Capital Assets. The Net Investment in Joint Venture will be increased (decreased) by 50 percent of the Association’s net income (loss) each year. The County’s equity interest decreased by $42,376 for its share of the 2016 net loss. Complete financial statements for the Association can be obtained from the Controller, City of Fort Wayne, Suite 470, 200 East Berry Street, Fort Wayne, Indiana 46802. Related Organizations The primary government's officials are also responsible for appointing the members of the boards of other organizations, but the primary government's accountability for these organizations does not extend beyond making the appointments. The primary government appoints the board members of numerous organizations. B. Government-Wide and Fund Financial Statements Government-wide financial statements the Statement of Net Position and the Statement of Activities) report information on all of the nonfiduciary activities of the primary government and its component units. For the most part, the effect of interfund activity has been removed from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. Likewise, the primary government is reported separately from certain legally separate component units for which the primary government is financially accountable. 30 ---PAGE BREAK--- The Statement of Activities demonstrates the degree to which direct expenses of a given function or segments are offset by program revenues. Direct expenses are clearly identifiable with a specific function or segment. Program revenues include charges to customers or applicants who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment and grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. C. Measurement Focus, Basis of Accounting and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting as are the proprietary fund and fiduciary fund financial statements. Agency funds, however, report only assets and liabilities. Since, they do not report equity (or changes in equity), they have no measurement focus. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of the related cash flows. Property taxes are recognized in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the primary government considers revenues to be available if they are collected within sixty days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences, claims and judgments, are recorded only when payment is due. Property taxes, franchise taxes, licenses and permits, and interest associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period. Only the portion of special assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. All other revenue items are considered to be measurable and available only when the primary government receives cash. The primary government reports the following major governmental funds: The General fund is the primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The Rainy Day fund (special revenue) accounts for transfers of unused and unencumbered funds under IC 36-1-8-5. 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 projects) accounts for the local economic development income tax revenue and economic related expenses of the general government. The primary government reports the following major proprietary fund: 31 ---PAGE BREAK--- 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 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. 32 ---PAGE BREAK--- 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 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. 33 ---PAGE BREAK--- Capitalization Depreciation Estimated Threshold Method Useful Life Land All Capitalized N/A N/A Buildings $5,000 Straight-line 40-60 Years Improvements other than buildings 5,000 Straight-line 10-45 Years Machinery and equipment 5,000 Straight-line 5-25 Years Infrastructure 5,000 Straight-line 10-40 Years Intangible assets 5,000 Straight-line 15 Years Net investment in joint venture 5,000 Straight-line 40 Years N/A = Not applicable 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 $1,328,378. Of the amount, $0 was included as part of the cost of capital assets under construction. 7. Compensated Absences a. Sick Leave – primary government employees earn sick leave at the rate of 5 days per year. Unused sick leave may be accumulated to a maximum of 10 days. Accumulated sick leave is paid to employees through cash payments upon termination. b. Vacation Leave – primary government employees earn vacation leave on their anniversary date at rates from 10 days to 25 days per year based upon the number of years of service. Vacation leave does not accumulate from year to year. c. Personal Leave – primary government employees earn personal leave at the rate of 2 days per year. Personal leave does not accumulate from year to year. Vacation, sick and personal leave is accrued when incurred. 8. Long-Term Obligations In the government-wide financial statements and proprietary fund types in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities or proprietary fund type Statement of Net Position. Bond premiums, discounts, and loss on refunding are deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported net of the applicable bond premium or discount. In the fund financial statements, governmental fund types recognize bond premiums and discounts during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuance are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from actual debt proceeds received, are reported as debt service expenditures. 34 ---PAGE BREAK--- 9. Deferred Inflows/Outflows of Resources Deferred inflows of resources represent an acquisition of net position that applies to future periods. Deferred inflows of resources consist of pension related resources in the amount of $8,008,715 for 2016. These inflows consist of INPRS retirement system of $6,388,513, the County Police Retirement plan in the amount of $1,385,950, and the County Police Supplemental Benefit plan in the amount of $234,252. The unamortized gain on refunding for the Allen County Jail with a total gain of $111,286 the unamortized amount of $85,605. Deferred outflows of resources represent a consumption of net position that applies to future periods. The Allen County Juvenile Center bonds with a total loss of $764,530 the unamortized amount of $21,237, and the Redevelopment GM TIF Bonds with a total loss of $154,581 the unamortized amount of $118,512 for Governmental Activities and the Allen County War Memorial Coliseum bonds for Business-Type Activities with a total loss of $407,043 the unamortized amount $399,505 for the 2016A Series and a total loss of $209,024 the unamortized amount of $127,336 for the 2011B Series, and the Maplecrest Road Bridge Bond 2016 with a total loss of $1,926,062 the unamortized amount of $1,889,022. The deferred outflows for governmental activities that is pension related totals $20,433,292 and consists of INPRS retirement system of $16,703,893, the County Police Retirement plan in the amount of $3,499,691, and the County Police Supplemental Benefit plan in the amount of $234,209. 10. Fund Balance Fund balance is divided into five classifications based on GASB Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions. The primary government’s fund balances are reported under classifications of nonspendable, restricted, committed, assigned, and unassigned fund balances. The Classifications are as follows: Nonspendable – represents amounts that are not in spendable form; for example, inventories, prepaid amounts, the pledge of revenue for TIF bonds, or assets held for resale. Restricted – represents amounts that are constrained for a specific purpose by external parties such as grantors or imposed by law through constitutional provisions or enabling legislation. Committed – represents amounts that can only be used for a specific purpose imposed by formal action of the government’s highest level of decision making authority. The primary government’s highest level of decision making authority is the County Council and the County Commissioners. Assigned – represents amounts that are intended to be used by the primary government for specific purposes but do not meet the criteria to be classified as restricted or committed. Unassigned – represents fund balance that has not been assigned to other funds and that has not been restricted, committed, or assigned to specific purposes within the General Fund. Only the General Fund may report a positive unassigned fund balance; whereas, other governmental funds may need to report a negative unassigned fund balance if expenditures incurred for specific purposes exceeded the amounts restricted, committed, or assigned to those purposes. The County considers restricted amounts to have been spent when an expenditure is incurred for purposes for which both restricted and unrestricted fund balance is available. The County does not have a formal policy for its use of unrestricted fund balance amounts; therefore, it considers committed amounts used first, followed by assigned amounts, and then unassigned amounts when expenditures are incurred for purposes for which amounts in any of those unrestricted fund balance classifications could be used. 35 ---PAGE BREAK--- For functionalized classification of fund balance, please refer to Note II. B. II. Stewardship, Compliance and Accountability A. Budgetary Information Annual budgets are adopted on the cash basis which is not consistent with accounting principles generally accepted in the United States. All annual appropriations lapse at fiscal year-end. On or before August 31, the County Auditor submits to the County Council a proposed operating budget for the year commencing the following January 1. Prior to adoption, the budget is advertised and public hearings are conducted by the County Council to obtain taxpayer comments. In October of each year, the County Council through the passage of an ordinance approves the budget for the next year. Copies of the budget ordinance and the advertisement for funds for which property taxes are levied or highway use taxes are received are sent to the Indiana Department of Local Government Finance. The budget becomes legally enacted after the County Auditor receives approval of the Indiana Department of Local Government Finance. The primary government’s management cannot transfer budgeted appropriations between object classifications of a budget without approval of the County Council. The Indiana Department of Local Government Finance must approve any revisions to the appropriations for any fund or any department of the General Fund. The legal level of budgetary control is by object and department within the fund for the General Fund and by object within the fund for all other budgeted funds. Expenditures did not exceed appropriations for any funds or any departments within the General Fund, which required legally, approved budgets. B. Fund Balances The fund balances have been classified to reflect the limitations and restrictions placed on the respective funds. The Governmental Accounting Standards Board (GASB) has issued Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions. This Statement significantly changed the fund balance presentation of the County’s governmental funds by requiring fund balances to be classified into different categories according to the level of their restricted use. Fund balances at December 31, 2016 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 - - - - 1,913,360 1,913,360 Restricted fund balance: General Government - - - - 24,541,441 24,541,441 Public Safety - - - - 10,825,118 10,825,118 Highw ays and Streets - - - - 17,749,264 17,749,264 Sanitation - - - - 180,249 180,249 Culture and Recreation - - - - 818,394 818,394 Economic Development - - 1,283,918 - 7,635,113 8,919,031 Health and Welfare - - - - 3,997,749 3,997,749 Total restricted fund balance - - 1,283,918 - 65,747,328 67,031,246 36 ---PAGE BREAK--- C. Deficit Fund Equity At December 31, 2016, 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 Committed fund balance: General Government 115,743 - - 39,885 1,516,468 1,672,096 Public Safety 143,016 - - - 273,103 416,119 Culture and Recreation - - - - 3,733 3,733 Economic Development 34,696 - 18,401,135 - 997,582 19,433,413 Health and Welfare - - - - 534,034 534,034 Total committed fund balance 293,455 - 18,401,135 39,885 3,324,920 22,059,395 Assigned fund balance: General Government 206,655 13,143,861 - 1,134,643 199,344 14,684,503 Public Safety 128,779 - - - 552,965 681,744 Health and Welfare 330,025 - - - - 330,025 Economic Development 92,063 - - - - 92,063 Total assigned fund balance 757,522 13,143,861 - 1,134,643 752,309 15,788,335 Unassigned fund balance 15,373,428 - - - (1,855,220) 13,518,208 Total fund balance 16,424,405 $ 13,143,861 $ 19,685,053 $ 1,174,528 $ 69,882,697 $ 120,310,544 $ Fund 2016 Governmental Funds: Redevelopment Commission 518 $ Check Deception Program 1,297 Great Batch TIF 72,911 Vera Bradley TIF 260,958 Bandalier TIF 108,191 Bluffton Road East TIF 1,029,444 Oak Crossing TIF 381,901 37 ---PAGE BREAK--- 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, 2016, the Sheriff’s Retirement and Benefit Pension Plans had deposit balances in the amount of $2,784,302. 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, 2016, the County and the Sheriff's Retirement and Benefit Plan had the following investments: Investment Policies Indiana Code 5-13-9 authorizes the County to invest in securities backed by the full faith and credit of the United States Treasury or fully guaranteed by the United States of America and issued by the United States Treasury, a federal agency, a federal instrumentality, or a federal government sponsored enterprise. Indiana Code also authorizes the unit to invest in Amount Uninsured and uncollateralized deposits 2,784,302 $ Primary Government: Investment Type Fair Value U.S. treasuries and securities 4,278,861 $ Government sponsored enterprises 7,548,871 External investment pool 4,007,616 Total 15,835,348 $ Sheriff's Retirement and Benefit Pension Plans: Investment Type Fair Value U.S. treasuries and securities 1,266,136 $ Government sponsored enterprises 1,082,138 Mutual funds 6,963,286 Corporate bonds 1,360,657 Foreign mutual fund 33,908,466 Foreign bonds 352,240 Total 44,932,923 $ 38 ---PAGE BREAK--- 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 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: Primary Government: Not in the Investment Government's Type Name U.S. treasuries and securities 4,278,861 $ Government sponsored enterprises 7,548,871 Total 11,827,732 $ 39 ---PAGE BREAK--- Sheriff's Retirement and Benefit Pension Plans: Not in the Investment Government's Type Name U.S. treasuries and securities 1,266,136 $ Government sponsored enterprises 1,082,138 Mutal funds 6,963,286 Corporate bonds 1,360,657 Foreign mutual fund 33,908,466 Foreign bonds 352,240 Total 44,932,923 $ Interest Rate Risk Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. The County’s investment policy to minimize interest rate risk is to abide by the Indiana Code, which limits the stated final maturities of the investments to no more than five years. The Sheriff's Merit Board for the Sheriff's Retirement and Benefit Pension Plans manages interest rate risk by authorizing a maximum average maturity of no more than 15 years be maintained in fixed income securities. Primary Government: Investment Less More Type Than 1 1-2 Than 2 U.S treasuries and securities 4,278,861 $ - $ - $ Government sponsored enterprises 5,554,101 1,994,770 - External investment pool 1,439,742 2,567,874 - Totals 11,272,704 $ 4,562,644 $ - $ 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 649,574 $ 433,158 $ 183,404 $ Government sponsored enterprises - 138,357 943,781 Mutual funds 6,963,286 - - Corporate bonds 591,809 542,343 226,505 Foreign mutual funds 33,908,466 - - Foreign bonds 232,308 104,216 15,716 Totals 42,345,443 $ 1,218,074 $ 1,369,406 $ Investment Maturities (in Years) 40 ---PAGE BREAK--- Primary Government: Standard & Government Poor's Moody's Sponsored Investment Rating Rating Enterprise Pools AAA Aaa 6,548,310 $ - $ AA Aa 1,000,561 423,185 A A - 3,300,316 Unrated Unrated - 142,337 Totals 7,548,871 $ 3,865,838 $ County's Investments Sheriff's Retirement and Benefit Pension Plans: Standard & Corporate/ Government Poor's Moody's Mutual Foreign Sponsored Rating Rating Funds Bonds Enterprise AAA Aaa - $ 197,932 $ - $ AA Aa - 206,935 - A A - 444,025 - BBB Baa - 783,979 - Unrated Unrated 40,871,751 80,026 998,781 Totals 40,871,751 $ 1,712,897 $ 998,781 $ Sheriff's Pension Plan Investments 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. 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. 41 ---PAGE BREAK--- Primary Government: Investment Type Fair Value Level 1 Level 2 Level 3 U.S treasuries and securities 4,278,861 $ 4,278,861 $ - $ - $ Government sponsored enterprises 7,548,871 - 7,548,871 - External investment pool 4,007,616 141,779 3,865,837 - Totals 15,835,348 $ 4,420,640 $ 11,414,708 $ - $ Primary Government: Issuer 2016 Federal Home Loan Bank 2,551,030 $ Freddie Mac 2,998,941 Total 5,549,971 $ The Sheriff's Merit Board has adopted the following policy for the concentration of credit risk. The Sheriff’s Merit Board for the Sheriff’s Pension Plan manages concentration of credit risk by limiting the investment in debt securities of any one corporation to a maximum of 5 percent of the fixed income investments of the plan. The County held the following investments that were exposed to concentration of credit risk: Foreign Currency Risk Foreign currency risk relates to adverse effects on the fair value of an investment from changes in exchange rates. The Sheriff’s Merit Board has a formal policy in regards to foreign currency risk that states foreign securities must have shares denominated in United States of America dollars. The primary government units’ investments are denominated in U.S. currency. 3. Fair Value Measurement The primary government categorizes investments measured at fair value within the fair value hierarchy established by generally accepted accounting principles. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level The three levels of fair value hierarchy are defined as follows: Level 1: Inputs using unadjusted quoted prices in active markets or exchanges for identical assets or liabilities. Level 2: Significant other observable inputs, which may include, quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in non-active markets; and inputs other than quoted prices that are observable for the assets or liabilities, either directly or indirectly. Level 3: Valuations for which one or more significant inputs are unobservable and may include situations where there is minimal, if any, market activity for the asset or liability. The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques need to maximize the use of relevant observable inputs and minimize the use of unobservable inputs. Investment value is determined by reference to quoted market prices and other relevant information generated by market transactions. The following table summarized the valuation of investments by the fair value hierarchy levels as of December 31, 2016: 42 ---PAGE BREAK--- Sheriff's Retirement and Benefit Pension Plans: Investment Type Fair Value Level 1 Level 2 Level 3 U.S. treasuries and securities 1,266,136 $ 1,266,136 $ - $ - $ Government sponsored enterprises 1,082,138 - 1,082,138 - Mutual funds 6,963,286 6,963,286 - - Corporate bonds 1,360,657 - - 1,360,657 Foreign mutual funds 33,908,466 33,908,466 - - Foreign bonds 352,240 - - 352,240 Totals 44,932,923 $ 42,137,888 $ 1,082,138 $ 1,712,897 $ Discretely Presented Component Unit 1. Deposits Custodial credit risk is the risk that in the event of a bank failure, the government's deposits may not be returned to it. Indiana Code 5-13-8-1 allows a political subdivision of the State of Indiana to deposit public funds in a financial institution only if the financial institution is a depository eligible to receive state funds and has a principal office or branch that qualifies to receive public funds of the political subdivision. The Allen County Public Library does not have deposit policies for custodial credit risk. At December 31, 2016, the County’s discretely presented component units’ deposits with financial institutions of $27,675,234 were entirely insured by the federal depository insurance, with the exception of the Allen County Public Library’s deposits in the amount of $602,672. Deposits of $216,546 are in excess of the insured amount and $386,126 is in investment accounts that are uninsured. 2. Investments Authorization for investment activity is stated in Indiana Code 5-13. As of December 31, 2016, the County’s discretely presented component unit 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. Discretely Presented Component Unit: Investment Type Fair Value Government sponsored enterprises 3,199,270 $ Corporate bonds 535,280 Corporate stock 9,859,131 Mutual funds 2,576,589 Total 16,170,270 $ 43 ---PAGE BREAK--- 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 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 unit 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 Allen County Public Library does 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 Allen County Public Library’s investment policy does not limit investment maturities as a means of managing its exposure to fair value losses arising from changes in interest rates. Credit Risk Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. The Allen County Public Library’s investment policy for credit risk requires Discretely Presented Component Unit: Investment Less More Type Than 1 1-2 Than 2 Government sponsored enterprises 25,114 $ 232,759 $ 2,941,397 $ Corporate bonds 30,367 85,198 419,715 Corporate stock 9,859,131 - - Mutual funds 2,576,589 - - Totals 12,491,201 $ 317,957 $ 3,361,112 $ Investment Maturities (in Years) 44 ---PAGE BREAK--- investments to have a rating of A or better. The distribution of securities with credit ratings is summarized below. Concentration of Credit Risk Concentration of credit risk is the risk of loss attributed to the magnitude of a organization's investment in a single issuer. The Allen County Public Library’s policy states no more than 5 percent invested in one company; no more than 20 percent invested in any one industry/market sector; international investment concentration is governed by the policy that investments in U.S. Stocks will be at least as great as the percentage of U.S. equities comprising the MSCI All Country World Index as of the end of the preceding year. Investment in high yield and unrated bonds may be no higher than 10 percent of the entire portfolio. 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 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 $696,221. Fair Value of Financial Instruments Assets and liabilities recorded at fair value in the Statement of Net Position of the Allen County Public Library component unit are categorized based upon a hierarchy of the level of judgement associated with the inputs used to measure their fair value. The three levels of fair value hierarchy are described below: Level 1 – Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the component unit has the ability to access. Discretely Presented Component Unit: Standard & Morningstar Government Poor's Risk Sponsored Corporate Mutual Rating Profile Enterprise Bonds Funds AAA 280,756 $ - $ - $ AA+ 1,241,428 48,330 - AA 319,711 32,362 - AA - 222,087 - - AA3 217,867 - - A+ 70,389 - - A 523,145 43,508 - A- - 155,624 - A1 127,649 - - A2 38,191 - - BBB+ - 180,785 - BBB - 74,671 - Unrated 158,047 - - Low - - 500,128 Below Average - - 1,163,039 Average - - 398,924 Above Average - - 514,498 High - - - Totals 3,199,270 $ 535,280 $ 2,576,589 $ 45 ---PAGE BREAK--- Beginning Ending Primary Government: Balance Increases Decreases Balance Governmental activities: Capital assets, not being depreciated: Land 9,943,064 $ 581,266 $ 23,156 $ 10,501,174 $ Construction in progress 50,368,213 6,400,579 493,031 56,275,761 Total capital assets, not being depreciated 60,311,277 6,981,845 516,187 66,776,935 Capital assets, being depreciated: Buildings 124,042,111 1,421,314 - 125,463,425 Improvements other than buildings 3,384,834 - - 3,384,834 Machinery and equipment 42,263,962 2,157,715 1,794,022 42,627,655 Infrastructure being depreciated 371,670,761 14,642,986 2,061,988 384,251,759 Intangible assets 321,721 155,322 - 477,043 Net investment in joint venture 5,788,724 - 42,376 5,746,348 Totals 547,472,113 18,377,337 3,898,386 561,951,064 Discretely Presented Component Unit: Investment Type Fair Value Level 1 Level 2 Level 3 Corporate Stock 9,859,131 $ 9,859,131 $ - $ - $ Mutual Funds 2,576,589 2,576,589 - - Government sponsored enterprise 3,199,270 - 3,199,270 - Bonds 535,280 - 535,280 - Totals 16,170,270 $ 12,435,720 $ 3,734,550 $ - $ Level 2 – Inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the asset or liability; inputs that are derived principally from or corroborated by observable market data by correlation or other means. If the asset or liability has a specified (contractual) term, the level 2 input must be observable for substantially the full term of the asset or liability. Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement. The asset or liability fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. Following is a description of the valuation methodologies used for assets and liabilities measured at fair value. Investments – Value determined by reference to quoted market prices and other relevant information generated by market transactions. Beneficial Interest in assets held by others – Value are based upon the component units’ proportionate share of the Community Foundation of Greater Fort Wayne’s pooled investment portfolio. The following table shows the fair value, within the hierarchy, of assets and liabilities of the Allen County Public Library’s component unit measured on a recurring basis as of June 30, 2016: B. Capital Assets Capital asset activity for the year ended December 31, 2016, was as follows: 46 ---PAGE BREAK--- Less accumulated depreciation for: Buildings 45,913,108 1,944,483 - 47,857,591 Improvements other than buildings 3,171,460 13,791 - 3,185,251 Machinery and equipment 29,448,064 2,888,254 1,758,151 30,578,167 Infrastructure being depreciated 136,191,108 7,478,673 1,515,216 142,154,565 Intangible assets 83,265 30,442 - 113,707 Net investment in joint venture 2,619,294 143,659 - 2,762,953 Totals 217,426,299 12,499,302 3,273,367 226,652,234 Total capital assets, being depreciated, net 330,045,814 5,878,035 625,019 335,298,830 Total governmental activities capital assets, net 390,357,091 $ 12,859,880 $ 1,141,206 $ 402,075,765 $ Business-type activities: Capital assets, not being depreciated: Land 380,487 $ - $ - $ 380,487 $ Construction in progress 15,434,658 5,470,959 3,109,355 17,796,262 Total capital assets, not being depreciated 15,815,145 5,470,959 3,109,355 18,176,749 Capital assets, being depreciated: Land improvements 1,440,208 - - 1,440,208 Buildings 86,737,291 1,769,887 - 88,507,178 Improvements other than buildings 5,987,842 873,263 - 6,861,105 Machinery and equipment 8,290,742 892,602 20,000 9,163,344 Totals 102,456,083 3,535,752 20,000 105,971,835 Less accumulated depreciation for: Land improvements 1,434,508 300 - 1,434,808 Buildings 40,440,914 2,121,265 - 42,562,179 Improvements other than buildings 4,191,153 148,863 - 4,340,016 Machinery and equipment 5,064,869 715,028 16,000 5,763,897 Totals 51,131,444 2,985,456 16,000 54,100,900 Total capital assets, being depreciated, net 51,324,639 550,296 4,000 51,870,935 Total business-type activities capital assets, net 67,139,784 $ 6,021,255 $ 3,113,355 $ 70,047,684 $ Discretely Presented Component Unit Capital assets, not being depreciated: Land and intangibles 4,960,142 $ - $ - $ 4,960,142 $ Rare book collection 994,827 - - 994,827 Total capital assets, not being depreciated 5,954,969 - - 5,954,969 Capital assets, being depreciated: Buildings and improvements 90,525,384 - - 90,525,384 Improvements other than buildings 634,872 - - 634,872 Machinery and equipment 5,586,646 91,266 25,454 5,652,458 Library materials 8,869,660 3,047,098 2,852,872 9,063,886 Totals 105,616,562 3,138,364 2,878,326 105,876,600 Less accumulated depreciation for: Buildings and improvements 28,480,603 2,155,039 - 30,635,642 Improvements other than buildings 297,760 29,137 - 326,897 Machinery and equipment 5,208,060 198,088 25,454 5,380,694 Library materials 2,887,823 2,956,553 2,852,872 2,991,504 Totals 36,874,246 5,338,817 2,878,326 39,334,737 Total capital assets, being depreciated, net 68,742,316 (2,200,453) - 66,541,863 Total discretely presented component unit capital assets, net 74,697,285 $ (2,200,453) $ - $ 72,496,832 $ 47 ---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, 2016, 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, 2016, were as follows: The primary government typically uses transfers to fund ongoing operating subsidies. D. Long-Term Liabilities 1. First Mortgage Bonds Primary Government The primary government issues bonds to provide funds for the acquisition and construction of major capital facilities. First Mortgage bonds outstanding at year end are as follows: Governmental activities: General government 962,568 $ Public safety 3,070,048 Highways and streets 8,345,846 Health and welfare 71,798 Culture and recreation 49,042 Total depreciation expense - governmental activities 12,499,302 $ Business-type activities: Coliseum 2,985,456 $ General County Economic Non-major Interfund Payables Fund Rainy Day Development Income Tax Governmental Total Non-major governmental 43,409 $ 813,850 $ 1,073,467 $ 1,429,136 $ 3,359,862 $ Interfund Receivables County Economic Development Non-major Transfer From General Income Tax Governmental Totals County Economic Development Income Tax - $ - $ 35,000 $ 35,000 $ County Option Income Tax Distributive Shares - - 145,000 145,000 Non-major Governmental 733,783 249,745 5,354,207 6,337,735 Totals 733,783 $ 249,745 $ 5,534,207 $ 6,517,735 $ 48 ---PAGE BREAK--- Year Ended December 31 Principal Interest Principal Interest 2017 4,030,000 $ 275,075 $ 2,090,000 $ 1,297,474 $ 2018 2,991,536 1,384,889 2,500,000 1,227,244 2019 2,035,852 400,148 2,525,000 1,137,907 2020 850,000 17,000 2,570,000 1,032,452 2021 - - 2,670,000 917,937 2022-2026 - - 12,525,000 2,736,441 2027-2031 - - 4,535,000 1,128,233 2032-2036 - - 3,140,000 255,594 Totals 9,907,388 $ 2,077,112 $ 32,555,000 $ 9,733,282 $ Governmental Activities Business-Type Activities Balance Interest December 31, Current Net Purpose Rates 2016 Portion Premium Noncurrent Governmental activities: 2011 Juvenile Justice Center first mortgage refunded bonds 2% to 5% 3,987,388 $ 2,385,000 $ 11,489 $ 1,613,877 $ 2016 Jail Building First Mortgage refunding bonds 2.00% to 4.00% 5,920,000 1,645,000 283,180 4,558,180 Total governmental activities 9,907,388 $ 4,030,000 $ 294,669 $ 6,172,057 $ Business-type activities: 2011 B War Memorial Coliseum additions first mortgage refunding revenue bonds 3.6% to 5.45% 3,510,000 $ 325,000 $ 5,626 $ 3,190,626 $ 2016 A War Memorial Coliseum additions refunding first mortgage revenue bonds 2.00% to 4.00% 14,590,000 1,210,000 1,646,872 15,026,872 2014 War Memorial Coliseum Convention Center Expansion first mortgage bonds 2% to 5.0% 14,455,000 555,000 747,393 14,647,393 Total business-type activities 32,555,000 $ 2,090,000 $ 2,399,891 $ 32,864,891 $ First Mortgage bonds debt service requirements to maturity are as follows: Discretely Presented Component Unit The discretely presented component unit issues bonds to provide funds for the acquisition and construction of major capital facilities. First Mortgage bonds outstanding at year end are as follows: First Mortgage bonds debt service requirements to maturity are as follows: Balance Unamortized Interest December 31, Current Premium Net Purpose Rates 2016 Portion (Discount) Noncurrent 2003 Allen County Public Library first 4.00% - $ - $ 279 $ 279 $ mortgage bonds 2014 Allen County Public Library first 4.5% 70,000 70,000 119,281 119,281 mortgage bonds 2012 Allen County Public Library first 2% 635,000 635,000 122,016 122,016 mortgage refunding bonds 2016 Allen County Public Library first mortgage refunding bonds 2% to 3% 30,655,000 5,345,000 (82,930) 25,227,070 Totals 31,360,000 $ 6,050,000 $ 158,646 $ 25,468,646 $ 49 ---PAGE BREAK--- Principal Interest 2017 2,230,000 $ 809,727 $ 2018 2,210,000 870,813 2019 2,305,000 806,194 2020 2,380,000 732,934 2021 1,305,000 660,769 2022-2026 7,640,000 2,455,619 2027-2031 5,765,000 741,434 2032-2036 1,080,000 205,100 Totals 24,915,000 $ 7,282,590 $ Governmental Activities 2. Revenue Bonds Primary Government The primary government issues bonds to be paid by income derived from the acquired or constructed assets. Revenue bonds outstanding at year end are as follows: Revenue bonds debt service requirements to maturity are as follows: 3. Advance Refunding Primary Government On January 7, 2016 the County issued $7,545,000 in refunding revenue bonds with an average interest rate of 3.11% to advance refund $7,560,000 of outstanding Jail Building First Year Ended December 31 Principal Interest 2017 6,050,000 $ 238,348 $ 2018 5,825,000 257,661 2019 5,885,000 194,589 2020 5,955,000 130,842 2021 5,315,000 66,366 2022 2,330,000 12,582 Totals 31,360,000 $ 900,388 $ Component Units Discretely Presented Balance Interest December 31, Current Net Purpose Rates 2016 Portion Premium Noncurrent Allen County Tax Increment Revenue Bonds (General Motors) Series 2015 A 1.35% to 2.60% 3,420,000 $ 815,000 $ - $ 2,605,000 $ Allen County Tax Increment Revenue Bonds (General Motors) Series 2015 B 1.35% to 2.60% 1,235,000 300,000 - 935,000 Allen County Tax Increment Revenue Bonds (General Motors) Series 2015 C 3.0% to 4.0% 2,050,000 - 10,124 2,060,124 2016 Maplecrest Road Bridge Bond 3.0% to 5.0% 18,210,000 1,115,000 2,563,018 19,658,018 Total governmental activities 24,915,000 $ 2,230,000 $ 2,573,142 $ 25,258,142 $ 50 ---PAGE BREAK--- Mortgage refunding bonds series 2005 with an average interest rate of 4.93%. The net proceeds of $7,739,511 (after payment of $173,623 in issuance costs) and local contributions of $6,708 were used to purchase U.S. government securities. Those 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 Statement of Net Position. The refunding resulted in the accounting gain of $111,286, which has been recognized on the Statement of Net Position as Deferral of Gain on Refunding. This amount will be amortized using the straight line method and charged to interest expense over the next four years. The County in effect decreased its aggregate debt service payment by $356,431 over the next four years and realized an economic gain (difference between the present values of the old and new debt service payments) of $338,430. On July 29,2016 the County issued $15,430,000 in refunding revenue bonds with an average interest rate of 3.68% to advance refund $16,375,000 of outstanding War Memorial Coliseum additions refunding first mortgage revenue bonds 2007A series bonds with an average interest rate of 4.62%. The net proceeds of $16,896,570 (after payments of $272,651 in issuance costs) and local contributions of $7,866 were used to purchase U.S. government securities. Those securities were deposited in an irrevocable trust with an escrow agent to provide for all future debt service payments on the 2007A series bonds. As a result, these bonds are considered to be defeased and the liability for those bonds has been removed from the Statement of Net Position. The refunding resulted in the accounting loss of $407,043, which has been recognized on the Statement of Net Position as Deferral of Loss on Refunding. This amount will be amortized using the straight line method and charged to interest expense over the next nine years. The County in effect decreased its aggregate debt service payment by $1,804,714 over the next nine years and realized an economic gain (difference between the present values of the old and new debt service payments) of $1,651,696. On October 27, 2016 the County issued $18,210,000 in refunding revenue bonds with an average interest rate of 4.19% to advance refund $18,820,000 of outstanding Maplecrest Road Bridge 2009 series bonds with an average interest rate of 3.67%. The net proceeds of $20,571,648 (after payment of $251,625 in issuance costs) and local contributions of $2,539 were used to purchase U.S. government securities. Those securities were deposited in an irrevocable trust with an escrow agent to provide for all future debt service payments on the 2009 series bonds. As a result, these bonds are considered to be defeased and the liability for those bonds has been removed from the Statement of Net Position. The refunding resulted in the accounting loss of $1,926,062, which has been recognized on the Statement of Net Position as Deferral of Loss on Refunding. This amount will be amortized using the straight line method and charged to interest expense over the next thirteen years. The county in effect decreased its aggregate debt service payment by $1,022,564 over the next thirteen years and realized an economic gain (difference between the present values of the old and new debt service payments) of $877,995. 4. Changes in Long-Term Liabilities Long-term liability activity for the year ended December 31, 2016, was as follows: Beginning Ending Due Within Primary Government Balance Additions Reductions Balance One Year Governmental activities: Bonds payable: First mortgage 13,852,388 $ 7,545,000 $ 11,490,000 $ 9,907,388 $ 4,030,000 $ Revenues 27,590,000 18,210,000 20,885,000 24,915,000 2,230,000 Total bonds payable 41,442,388 25,755,000 32,375,000 34,822,388 6,260,000 51 ---PAGE BREAK--- Coliseum ticket office fund 1,311,241 $ Coliseum advance customer deposits 391,704 Food and beverage supplemental tax fund 6,268,280 Sports and convention fund 1,164,625 Total restricted assets 9,135,850 $ 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: F. Restatements and Reclassifications Net position of the discretely presented component units, as of January 1, 2016 has been restated for the exclusion of Southwest Allen County Fire District and Allen County Solid Waste District as component units as follows. GAAP financial statements are not available for these component units and therefore cannot be included in the primary government’s GAAP financial statements. Compensated absences 3,088,395 3,311,029 3,088,395 3,311,029 3,311,029 Other postemployment benefits liability 6,170,950 237,630 - 6,408,580 - Net Pension Liability 58,618,759 - 1,764,358 56,854,401 - Total governmental activities long-term liabilities 109,320,492 $ 29,303,659 $ 37,227,753 $ 101,396,398 $ 9,571,029 $ Business-type activities: First mortgage revenue bonds payable: Coliseum 35,800,000 $ 15,430,000 $ 18,675,000 $ 32,555,000 $ 2,090,000 $ Compensated absences 59,496 69,879 59,496 69,879 69,879 Total business-type activities long-term liabilities 35,859,496 $ 15,499,879 $ 18,734,496 $ 32,624,879 $ 2,159,879 $ Beginning Ending Due Within Discretely Presented Component Unit: Balance Additions Reductions Balance One Year First mortgage general obligation bonds 35,325,000 $ 30,655,000 $ 34,620,000 $ 31,360,000 $ 6,050,000 $ Compensated absences 786,180 823,242 890,424 718,998 119,833 Net Pension Liability 8,079,009 2,839,047 1,466,291 9,451,765 - Total discretely presented component unit 44,190,189 $ 34,317,289 $ 36,976,715 $ 41,530,763 $ 6,169,833 $ Southwest Allen County Allen Allen County Solid Waste County Fire Management Public Discretely Presented Component Units District District Library Totals Net position, previously reported at December 31, 2015 7,952,800 3,651,712 74,747,728 86,352,240 $ Remove Southwest Allen County Fire District (7,952,800) - - Remove Allen County Solid Waste Management District - (3,651,712) - Total Component Unit removal adjustment (7,952,800) (3,651,712) - (11,604,512) Net Position, restated at January 1, 2016 74,747,728 $ 52 ---PAGE BREAK--- 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 2016 was $423,119. There were no incurred but not reported claims at December 31, 2016. The cash and cash equivalents at December 31, 2016, were $463,136. 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 2016 was $400,000. Incurred but not reported claims have not been accrued as a liability as of December 31, 2016. The cash and cash equivalents at December 31, 2016, were $50,934. 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 2016 was $12,987,650. The cash and cash equivalents at December 31, 2016, were $7,393,710. 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. 53 ---PAGE BREAK--- Changes in the balance of claim liabilities during the past two years are as follows: Worker’s Compensation The primary government has chosen to establish a risk financing fund for risks associated with worker’s compensation claims. The risk financing fund is accounted for in the Workman’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 2016. 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 2016 was $609,500. There were no incurred but not reported claims at December 31, 2016. The cash and cash equivalents at December 31, 2016, were $312,465. B. Contingent Liabilities The primary government is a defendant in various lawsuits. Although the outcome of these lawsuits is not presently determinable, in the opinion of the County Attorney the resolution of these matters will not have a material effect on the condition of the primary government. C. Conduit Debt Obligation The primary government has issued Industrial Revenue Bonds to provide financial assistance to private-sector entities for the acquisition and construction of industrial and commercial facilities deemed to be in the public interest. The bonds are secured by the property financed and are payable solely from payments received on the underlying mortgage loans. Upon repayment of the bonds, ownership of the acquired facilities transfers to the private-sector entity served by the bond issuance. Neither the primary government, the State, nor any political subdivision thereof is obligated in any manner for the repayment of the bonds. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. As of December 31, 2016, there were four series of Industrial Revenue Bonds outstanding with an aggregate principal amount payable of $54,779,280. 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. 2015 2016 Unpaid claims, beginning of fiscal year 2,051,055 $ 1,628,964 $ Incurred claims and changes in estimates 11,815,625 11,554,624 Claim payments 12,237,716 11,824,061 Unpaid claims, end of fiscal year 1,628,964 $ 1,359,527 $ 54 ---PAGE BREAK--- 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 $937,500 were made during 2016. 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. 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. 55 ---PAGE BREAK--- 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, 2016 was $3,420,000 Series 2015A, $1,235,000 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, 2016, was $351,277. 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, 2016, was $578,263. 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, 2016 was paid in full. 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, 2016, 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, 2016, was $131,133. 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, 2016, was $187,622. Repayment of the loan will be made by using tax increment financing revenues from the Bandalier Economic Development Area. 56 ---PAGE BREAK--- 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 2016 was $1,283,918; 2017 GM TIF requirements may be allocated from the County Economic Development Income Tax Fund towards the debt service payments. G. Tax Abatements Primary Government Allen County provides property tax abatements in accordance with Indiana Code (IC) 6-1.1-12.1. The fiscal body of the County (County Council) has the authority to approve these property tax abatements for both Real and Personal property. In order for property to be eligible for tax abatement, it must be located in an area designated by the fiscal body as an Economic Revitalization Area; for which the County designated all unincorporated real estate as an Economic Revitalization Area in 2004 except for certain areas zoned such as residential or agricultural. As of December 31, 2016, the County property tax abatements can be broken down into two specific categories, Redevelopment or rehabilitation of real estate and Business personal property equipment investment: Redevelopment or rehabilitation of real estate property tax abatements provide for a reduction in taxable assessed value related to the redevelopment of unimproved real estate and rehabilitation of existing real property for the betterment of the area. In order to obtain abatement, the property owner or authorized representative must submit an application before commencing construction, including the Department of Local Government Finance (DLGF) prescribed Statement of Benefits (SB-1) form, to the County Council. The application and SB-1 includes various information such as but not limited to; the proposed project, estimated project cost, estimated jobs and salaries retained/created. This information is applied to the County’s Tax Abatement Point System which is used to determine the duration of the abatement based on total points. Under IC 6-1.1-12.1-17, County Council has established abatement schedules of 3, 5, 7 and 10 years with variable abatement rates from 5% to 100% throughout the term of the abatement. All abatements must be approved in a public meeting with the passage of a resolution by County Council that includes the terms and schedule of the abatement. The abatement is calculated based on the actual real property assessed value determined by the County Assessor after improvements are made as noted in the original SB-1. The amount of the abatement is then deducted from the gross assessed value of the property to arrive at the net assessed value used in the calculation of the tax bill. Business personal property equipment investment abatements follow the same guidelines mentioned above except that the abatement is for the investment of qualifying new manufacturing, research and development, logistical distribution, or information technology equipment. The abatement is based on the adjusted cost of the new qualifying equipment originally included on the SB-1 and reported by the taxpayer in their personal property tax return. Accordingly, if the equipment is not claimed on the personal property tax return then no abatement is given. One notable exception exists for personal property, in addition to the abatement schedules previously mentioned, IC 6-1.1-12.1-18 allows up to a 20 year abatement schedule and the County has adopted such schedule pending certain criteria is met. For the abovementioned abatements, annual compliance is required involving the submission of the DLGF prescribed compliance forms (CF-1). After reviewing the CF-1 forms, should County Council determine that the applicant is not in compliance with the originally provided SB-1, County Council may determine non-compliance and revoke or deny the abatement for that specific year. Furthermore, IC 6-1.1-12.1-12 provides a mechanism that should a property owner 57 ---PAGE BREAK--- Amount of County Tax Tax Abatement Category Revenues Abated Redevelopment or Rehabilitation of real estate property 382,000 $ Business personal property equipment investment 751,000 Total 1,133,000 $ Amount of County City/Town Tax Revenues Abated Fort Wayne 808,000 $ New Haven 163,000 Woodburn 34,000 Monroeville 12,000 Huntertown 3,000 Grabill 2,000 Total 1,022,000 $ falsely claim the abatement they are liable for the taxes that would have been payable including a 10 percent penalty. County Council Approved Property Tax Abatements December 31, 2016: The County abated property tax revenues totaling $1,133,000 for year ended December 31, 2016 including the following tax abatements that each exceeded 10% of the total County amount abated: Approximately $365,000 in property tax revenues were abated for a global automotive manufacturer for various real and personal property investments as well as job retention and creation. Over $263,000 in property taxes were abated for a global automotive tire producer primarily as a result of significant business personal property investments. A small portion is attributed to real property improvements. An abatement of almost $125,000 in property taxes was given to a food distributor as incentive for construction of a warehouse facility, job creation and business personal property investment. County tax revenue reductions due to abatements granted by Cities and Towns: Similar to the County, the designating fiscal bodies of Cities and Towns may approve property tax abatements within their incorporated boundaries. In addition to the approximate $1.1 million noted above County property tax revenues were also reduced $1,022,000 due to abatements granted by the Cities and Towns located within the County. These abatements, at minimum, follow the same guidelines under IC that the County abatements do, but each designating body does have the ability to set different investment and job creation criteria, as well as abatement schedules. City and Town approved property tax abatement effect on County revenues: Indiana Economic Development Corporation (IEDC) Tax Abatements: County income tax revenues may also be reduced by certain income tax abatements granted by the IEDC. The IEDC offers various abatement or credit programs but the three most applicable to Allen County are the Community Revitalization Enhancement District (CReED), the Economic 58 ---PAGE BREAK--- Real Personal Total Governmental Unit Property Tax Property Tax Abated Allen County 143,635 $ 282,462 $ 426,097 $ Fort Wayne 176,887 126,948 303,835 Grabill 633 - 633 Huntertown 1,159 93 1,252 Leo-Cedarville 649 - 649 Monroeville 2,487 2,145 4,632 New Haven 33,448 27,698 61,146 Woodburn 9,007 3,749 12,756 Total 367,905 $ 443,095 $ 811,000 $ No amounts have been received and no amounts are receivable from other governments in association with the forgone tax revenue. Development for a Growing Economy (EDGE) and the Hoosier Business Investment (HBI) tax credits. These programs offer income tax credits for pre-approved eligible capital investment and job creation. As of December 31, 2016, there are approximately 70 recipients in Allen County with Active IEDC contracts for which almost $12,364,000 in credits has been received over the life of these contracts. Credits can be taken against state and/or local tax liability; such as adjusted gross income tax, local income tax, insurance premiums tax, and financial institutions tax. The County is a recipient of the local income and financial institution taxes. For purposes of GASB 77 the abatement of financial institutions tax is not considered an abatement of local tax revenues, but rather a reduction of shared revenue. For year-end December 31, 2016, the amount County income tax revenues are reduced by these credits could not be calculated based on the State information available, but is not estimated to be materially significant. The County estimates any credits applied to local income tax revenues would be immaterial given over $110 million of local income tax revenue was received and allocated to Allen County taxing units during 2016 alone. If you take the $12,364,000 in credits received and divide evenly amongst the average Active Term contract length of 3 years, the credit is $4,121,333 per year. Taking into context these credits would be applied to the four taxes previously noted; the applicability to the local tax would be minimal if at all. County Commitments: The County has Ledge and Tax Increment Finance (TIF) commitments to certain parties which may be in conjunction with or completely separate from property tax abatements. These commitments arise from agreements between the recipient and the County Redevelopment Commission, Commissioners and Council for job creation in return for certain incentives. Terms of these agreements may vary between each agreement. Contrary to the previously mentioned tax abatements for which revenue is forgone, the property tax revenue to fund these commitments and the associated expense are reflected in the fund financial statements. The County paid recipient’s $312,000 during 2016 for achieving goals outlined in the Ledge and TIF agreements. Discretely Presented Component Unit The Allen County Public Library has not entered into any tax abatement agreements. However, other local governmental unites have entered into tax abatement agreements that have reduced the Library’s revenues during 2016. The table below summarizes the taxes that have been abated. H. Other Postemployment Benefits Single-Employer Defined Benefit Healthcare Plan 59 ---PAGE BREAK--- 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, 2016, the County contributed $512,432 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: The County's annual OPEB cost, the percentage of the annual OPEB cost contributed to the plan, and the net OPEB obligation for 2016 and the two preceding years were as follows: Funded Status and Funding Progress As of December 31, 2016, the most recent actuarial valuation date, the plan was unfunded. The actuarial accrued liability for benefits was $7,862,010, and the actuarial value of assets was resulting in an unfunded actuarial accrued liability (UAAL) of $7,862,010, and the ratio of the UAAL to covered payroll was 13.2 percent. Annual required contribution 851,213 $ Interest on net OPEB obligation 277,693 Adjustment to annual required contribution (378,844) Annual OPEB cost 750,062 Contributions made (512,432) Increase in net OPEB obligation 237,630 Net OPEB obligation, beginning of year 6,170,950 Net OPEB obligation, end of year 6,408,580 $ Percentage Annual of Annual Net Year OPEB OPEB Cost OPEB Ending Cost Contributed Obligation 12/31/2014 789,435 44% 5,846,083 12/31/2015 794,988 59% 6,170,950 12/31/2016 750,062 68% 6,408,580 60 ---PAGE BREAK--- 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, 2016, actuarial valuation, the projected unit credit cost method was used. The actuarial assumptions included an annual healthcare cost trend rate of 8.5 percent initially, reduced by decrements to an ultimate rate of 5 percent after 7 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, 2016, was 21 years. I. Revenues Pledged Governmental Activities Revenues Pledged Allen County has pledged future wheel and sur tax revenues, net of specified expenditures in the Sur/Wheel Tax Bridge Fund, to repay revenue bonds issued in 2009. Proceeds from the bonds provided financing for Maplecrest Road Bridge. The bonds may be payable from wheel and sur tax net revenues and are payable through 2032. The 2016 debt payments were made from the Major Bridge fund. Business-type Activities Revenues Pledged Allen County has pledged future revenues, net of specified operating expenditures in the War Memorial Coliseum fund (an enterprise fund), to repay revenue bonds issued in 2011, 2014 and 2016. Proceeds from the bonds provided financing for renovation and expansion of the War Memorial Coliseum (a sports arena and convention center). The bonds are payable solely from the War Memorial Coliseum fund net revenues and are payable through 2034. Annual principal and interest payments are expected to require less than 25 percent of net revenues. J. Retirement Plan 401(a) Effective after December 31, 2014, Allen County enacted a “soft” freeze in participation in the Indiana Public Retirement System (INPRS). Any newly hired employees after December 31, 2014, will be eligible for participation in a deferred compensation matching contribution retirement program. The County may, at the Board of Commissioners discretion, match employee contributions up to five percent of that employee’s wages with a six year graded vesting schedule in the employer contributions. Any newly hired employee that was a previous member of INPRS 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 61 ---PAGE BREAK--- Public Employees’ Retirement System Plan Description The primary government contributes to the Indiana Public Employees' Retirement Fund (PERF), a cost-sharing multiple-employer defined benefit pension plan. PERF provides retirement, disability, and survivor benefits to plan members and beneficiaries. All full-time employees hired before December 31, 2014 or hired after December 31, 2014 and are previous PERF members are eligible to participate in the defined benefit plan. State statutes (IC 5-10.2 and 5-10.3) govern, through the Indiana Public Retirement System (INPRS) Board, most requirements of the system and give the primary government authority to contribute to the plan. The PERF retirement benefit consists of the pension provided by employer contributions plus an annuity provided by the member's annuity savings account (ASA). The annuity savings account consists of member's contributions, set by state statute at three percent of compensation, plus the interest credited to the member's account. The employer may elect to make the contributions on behalf of the member. The Allen County Public Library (discretely presented component unit) contributes to the Indiana Public Employees’ Retirement Fund (PERF), a defined benefit pension plan. All full-time Library employees are eligible to participate in the defined benefit plan. INPRS administers the plan and issues a publicly available financial report that includes financial statements and required supplementary information for the plan as a whole and for its participants. The report is available online at http://www.inprs.in.gov/ or may be obtained by contacting: Indiana Public Retirement System 1 North Capitol Street, Suite 001 Indianapolis, IN 46204 Ph. (888) 526-1687 Benefits Provided The PERF retirement benefit consists of the sum of a defined pension benefit provided by the County contributions plus the amount credited to the member’s annuity savings account. Pension benefits vest after 10 years of creditable service. Members are immediately vested in their annuity savings account. At retirement, a member may choose to receive a lump sum payment of the amount credited to the member’s annuity savings account, receive the amount as an annuity, or leave the contributions invested with INPRS. A member who has reached age 65 and has at least 10 years of creditable service is eligible for normal retirement and is entitled to 100 percent of the pension benefit component. This annual pension benefit is equal to 1.1 percent times the average annual compensation 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 62 ---PAGE BREAK--- 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 2016, the primary government is required to contribute at an actuarially determined rate of 11.2 percent of annual covered payroll. The primary government’s contribution to the plan for the year ending December 31, 2016 was $5,488,388 and was equal to the required contribution for 2016. For 2016, the Allen County Public Library (discretely presented component unit) was required to contribute an actuarially determined rate of 11.2 percent of annual covered payroll. The Library’s contribution to the plan for the year ending December 31, 2016 was $1,068,598. Actuarial Assumptions There were no changes in assumptions for the June 30, 2016 actuarial valuation. The actuarial assumptions used in the June 30, 2016 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, 2016 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 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% 63 ---PAGE BREAK--- Long Term Target Expected Real Allocation Rate of Return Public Equity 22.0 5.7 Private Equity 10.0 6.2 Fixed Income - Ex Inflation Linked 24.0 2.7 Fixed Income - Inflation Linked 7.0 0.7 Commodities 8.0 2.0 Real Estate 7.0 2.7 Absolute Return 10.0 4.0 Risk Parity 12.0 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 (primary government) and the Allen County Public Library (discretely presented component unit), calculated using the discount rate of 6.75 percent, as well as what their respective net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower (5.75 percent) or 1-percentage point higher (7.75 percent) than the current rate: Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions As of December 31, 2016, the primary government recorded a pension liability of $45,864,613 for their proportionate share of the net pension liability. The net pension liability was measured as of June 30, 2016, 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 Current 1% Decrease Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) County's proportionate share of the net pension liability 65,872,443 $ 45,864,613 $ 29,235,080 $ Current 1% Decrease Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) Library's proportionate share of the net pension liability 13,574,972 $ 9,451,765 $ 6,024,756 $ 64 ---PAGE BREAK--- of w A re 30 fr F $7 an T pe da 20 re F co re fr Differences Net differe investm Change of Changes i contrib Employer Differences be Net difference investmen Change of ass Changes in pr contributio Employer con f the plan. At was a decreas As of Decemb eported a liab 0, 2016, the L om its propor or the year 7,407,190. At nd deferred in he primary g ensions resu ate will be re 016. Other esources relat or the year omponent un eported defer om the follow s between expe nce between pro ment earnings o f assumptions n proportion and butions and prop contributions su etween expecte between projec nt earnings on p sumptions roportion and di ons and proport tributions subs June 30, 201 se of .001178 er 31, 2016, bility of $9,451 Library’s port rtion measure ended June t June 30, 20 nflows of reso government lting from the ecognized as amounts re ted to pensio ended June nit) recognize rred outflows wing sources: cted and actual ojected and actu on pension plan d differences bet portionate share ubsequent to the ed and actual ex cted and actual pension plan inv fferences betwe tionate share of equent to the m 16, the prima from its prop the Allen Cou 1,765 for thei ion was .002 ed as of June 30, 2016, th 016, the prim ources related reported e primary gov a reduction ported as de ns will be rec e 30, 2016, ed pension e of resources experience ual investment investments tween employer e of contributions e measurement xperience l investment vestments een employer f contributions measurement da ry governmen ortion measu unty Public L ir proportiona 0826 percent 30, 2015. he primary go mary governm d to pensions 697,499 as vernment’s co of net pensio eferred outflo cognized in pe the Allen C expense of $ s and deferre Deferr of R $ r s date $ Deferre of Re $ ate $ nt’s proportio ured as of Jun ibrary (discre ate share of th t, which was overnment re ment reported from the follo deferred out ontributions su on liability in ows of resou ension expens ounty Public $1,894,379. A ed inflows of red Outflows Resources 1,027,539 10,087,734 2,023,583 863,037 2,697,499 16,699,392 ed Outflows esources 211,755 2,078,877 417,019 330,729 525,653 3,564,033 on was .01010 ne 30, 2015. etely presente he net pensio an increase o ecognized pe deferred out owing source tflows of res ubsequent to the year end urces and d se as follows c Library (dis At June 30, f resources re Deferred Inflows of Resources 84,664 $ 2,580,625 - 3,723,224 - 6,388,513 $ Deferred Inflows of Resources 17,448 $ 531,814 - 154,670 - 703,932 $ 058 percent, ed componen on liability. At of .000099 pe ension expen tflows of reso s: sources relat o the measure ded Decembe eferred inflow : scretely pres 2016, the L elated to pen s 4 5 - 4 - 3 s 8 4 - 0 - 2 which t unit) t June ercent nse of ources ted to ement er 31, ws of sented Library nsions 65 ---PAGE BREAK--- Year Ended June 30 2017 893,435 $ 2018 575,686 2019 613,772 2020 251,555 2021 - Thereafter - The Allen County Public Library (discretely presented component unit) reported $525,653 as deferred outflows of resources related to pensions resulting from Library contributions subsequent to the measurement date will be recognized as a reduction of their net pension liability in the year ended December 31, 2016. 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 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 66 ---PAGE BREAK--- Inactive plan members or beneficiaries currently receiving benefits 92 Inactive plan members or beneficiaries entitled to but not yet receiving benefits 8 Active plan members 126 Total 226 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, 2016, Plan membership consisted of the following: Benefits Provided The Plan provides that the retirement benefit shall be a pension payable for the longer of 120 months or the member’s lifetime equal to two and one-half percent of the member’s average wage received during the highest paid sixty (60) calendar months before retirement (such calendar months must be consecutive) plus one dollar this sum multiplied by the member’s years of credited service up to twenty (20) years; plus an additional two percent of the member’s average wage, as outlined above, multiplied by the member’s years of credited service in excess of twenty (20) years up to an additional twelve (12) years. Members are eligible to retire as of normal retirement for an unreduced benefit upon attainment of age fifty-five (55) and completion of at least twenty (20) years of credited service, or age sixty (60). 67 ---PAGE BREAK--- 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, 2016, 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 27.8% of annual payroll. Investment Policy The pension plan’s policy in regard to the allocation of invested assets is established and may be amended by the Board (per Plan legal document) by a majority vote of its members. To maintain compliance with the Investment Policy Statement, the board retains the ability to implement changes in asset allocation. This will be accomplished by the direction of Fund cash flows to various asset classes and/or the reallocation of funds among asset categories. At its option, the Board may initiate a formal asset allocation study every three to five years to aid it in its asset allocation discussions and decisions. The Board desires the portfolios to be fully invested. Cash 68 ---PAGE BREAK--- 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 (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, 2016, 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, 2016, the balance of the amounts held by the plan pursuant to the DROP is $19,957. Net Pension Liability of the Plan The components of the net pension liability of the Plan at December 31, 2016 were as follows: Total pension liability 56,913,620 $ Plan fiduciary net position (45,945,592) Plan's net pension liability 10,968,028 $ Plan fiduciary net position as a percentage of the total pension liability 80.73% 69 ---PAGE BREAK--- Current 1% Decrease Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) Total Pension Liability 63,506,108 $ 56,913,620 $ 51,358,953 $ Plan Fiduciary Net Position 45,945,592 45,945,592 45,945,592 Net Pension Liability 17,560,516 $ 10,968,028 $ 5,413,361 $ Pension Expense of the Plan Pension expense of $2,507,749 must be recognized for the fiscal year ending December 31, 2016. Significant Actuarial Assumptions Discount Rate The discount rate used to measure the total pension liability was 6.75% as of December 31, 2016, 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: Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At December 31, 2016, the deferred outflows/(inflows) of resources based on obligations for the plan are as follows: Measurement Date December 31, 2016 Valuation Date Assets December 31, 2016 Liabilities December 31, 2016 - Actual member census data as of December 31, 2016 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-2016 (separate employee and annuitant tables and male and female tables) 70 ---PAGE BREAK--- Fiscal Year End Amortization Dec. 31, 2017 836,347 $ Dec. 31, 2018 836,347 Dec. 31, 2019 679,885 Dec. 31, 2020 (224,175) Dec. 31, 2021 (14,660) Thereafter - 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 5.243 years, the average remaining service of all members with any liability in the plan as of January 1, 2016. The change in net pension liability due to investment losses/(gains) has been amortized over 5.0 years as prescribed. The balances as of December 31, 2016 of the deferred outflows/(inflows) of resources will be recognized in pension expense as follows: Initial Annual December 31, 2016 Initial Balance Amortization Period Recognition Balance Liability experience losses/(gains): Base for year ending December 31, 2016 227,812 $ 5.243 43,451 $ 184,361 $ Base for year ending December 31, 2015 108,503 5.157 21,040 66,423 Base for year ending December 31, 2014 (430,349) 5.322 (80,862) (187,763) Base for year ending December 31, 2013 - N/A - - Changes in assumptions: Base for year ending December 31, 2016 (544,042) $ 5.243 (103,765) $ (440,277) $ Base for year ending December 31, 2015 732,983 5.157 142,134 448,715 Base for year ending December 31, 2014 1,239,380 5.322 232,879 540,743 Base for year ending December 31, 2013 - N/A - - Investment losses/(gains): Base for year ending December 31, 2016 (947,387) $ 5.000 (189,477) $ (757,910) $ Base for year ending December 31, 2015 3,587,780 5.000 717,556 2,152,668 Base for year ending December 31, 2014 266,954 5.000 53,391 106,781 Base for year ending December 31, 2013 - N/A - - 836,347 $ 2,113,741 $ Assumption changes: The changes in assumptions for base year ending December 31, 2016 reflect the change from the use of the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2015 (separate employee and annuitant tables and male and female tables) to the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2016 (separate employee and annuitant tables and male and female tables). The changes in assumptions for base year ending December 31, 2015 reflect the change from the use of the 2015 IRS Combined 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, 2016, 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 beneficiaries currently receiving benefits 5 Inactive plan members or beneficiaries entitled to but not yet receiving benefits - Active plan members 126 Total 131 72 ---PAGE BREAK--- Measurement Date December 31, 2016 Valuation Date Assets December 31, 2016 and the trust fund shall be liquidated. For the year ending December 31, 2016, the actuarially determined Employer’s contribution rate was 1.4% 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, 2016, 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, 2016 were as follows: Pension Expense of the Plan Pension expense of $117,361 must be recognized for the fiscal year ending December 31, 2016. 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 1,837,514 $ Plan fiduciary net position (1,815,754) Plan's net pension liability 21,760 $ Plan fiduciary net position as a percentage of the total pension liability 98.82% 73 ---PAGE BREAK--- Discount Rate The discount rate used to measure the total pension liability was 6.75% as of December 31, 2016, 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, 2016, the deferred outflows/(inflows) of resources based on obligations for the Plan are as follows: Liabilities December 31, 2016 - Actual member census data as of December 31, 2016 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-2016 (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 2,076,718 $ 1,837,514 $ 1,637,440 $ Plan Fiduciary Net Position 1,815,754 1,815,754 1,815,754 Net Pension Liability (Asset) 260,964 $ 21,760 $ (178,314) $ Initial Annual December 31, 2016 Initial Balance Amortization Period Recognition Balance Liability experience losses/(gains): Base for year ending December 31, 2016 (110,212) $ 8.982 (12,270) $ (97,942) $ Base for year ending December 31, 2015 (142,295) 8.846 (16,086) (110,123) Base for year ending December 31, 2014 83,472 9.086 9,187 55,911 Base for year ending December 31, 2013 - N/A - - 74 ---PAGE BREAK--- Fiscal Year End Amortization Dec. 31, 2017 20,037 $ Dec. 31, 2018 20,037 Dec. 31, 2019 17,691 Dec. 31, 2020 (12,813) Dec. 31, 2021 (6,895) Thereafter (38,096) 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 8.982 years, the average remaining service of all members with any liability in the plan as of January 1, 2016. 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, 2016 reflect the change from the use of the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2015 (separate employee and annuitant tables and male and female tables) to the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2016 (separate employee and annuitant tables and male and female tables). The changes in assumptions for base year ending December 31, 2015 reflect the change from the use of the 2015 IRS Combined Mortality Tables for Small Plans (separate male and female tables) as presribed 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, 2016 of the deferred outflows/(inflows) of resources will be recognized in pension expense as follows: Changes in assumptions: Base for year ending December 31, 2016 (2,828) $ 8.982 (315) $ (2,513) $ Base for year ending December 31, 2015 63,730 9.846 7,204 49,322 Base for year ending December 31, 2014 48,929 9.086 5,385 32,774 Base for year ending December 31, 2013 - N/A - - Investment losses/(gains): Base for year ending December 31, 2016 (29,592) $ 5.000 (5,918) $ (23,674) $ Base for year ending December 31, 2015 152,520 5.000 30,504 91,512 Base for year ending December 31, 2014 11,728 5.000 2,346 4,690 Base for year ending December 31, 2013 - N/A - - 20,037 $ (43) $ 75 ---PAGE BREAK--- County Police County Police Retirement Plan Benefit Plan Assets Cash and cash equivalents 2,636,093 $ 148,209 $ Receivables: Employee contributions 16,343 - Accrued interest and dividends 27,747 31 Total receivables 44,090 31 Investments: Fixed income securities 16,813,689 600,710 Domestic and foreign equities 26,451,720 1,066,803 Total investments 43,265,409 1,667,513 Total Assets 45,945,592 1,815,753 Liabilities Payables: Net benefits due and unpaid/(overpaid) - - Transfers out of trust - - Other - - Total Liabilities - - Net position restricted for Pensions 45,945,592 1,815,753 STATEMENT OF FIDUCIARY NET POSITION 3. Financial Statements for Defined Benefit Plans 76 ---PAGE BREAK--- County Police County Police Retirement Plan Benefit Plan Additions Contributions: Employer 1,940,126 93,510 Employee 236,519 N/A Total contributions 2,176,645 93,510 Investment Income: Interest and Dividends 1,111,215 40,969 Net increase in fair value of investments 2,706,423 100,760 Less investment expense - - Net investment income 3,817,638 141,729 Total additions 5,994,283 235,239 Deductions Benefit payments (including refunds of employee contributions) 2,941,827 64,781 Administrative expense 95,041 947 Total deductions 3,036,868 65,728 Net increase in Net Pension 2,957,415 169,511 Net Position Restricted for Pensions Beginning of year 42,988,176 1,646,243 End of year 45,945,591 1,815,754 STATEMENT OF CHANGES IN FIDUCIARY NET POSITION 77 ---PAGE BREAK--- County Police Retirement Plan 2016 2015 2014 Total Pension liability Service Cost 979,124 $ 902,114 $ 901,082 $ Interest 3,704,007 3,533,405 3,489,167 Changes in plan provisions - - - Difference between expected and actual experience 227,812 108,503 (430,349) Change in assumptions (544,042) 732,983 1,239,380 Benefit payments (2,941,827) (2,690,363) (2,708,792) Net change in Total Pension Liability 1,425,074 2,586,642 2,490,488 Total pension liability - beginning of year 55,488,546 52,901,904 50,411,416 Total pension liability - end of year 56,913,620 $ 55,488,546 $ 52,901,904 $ Plan fiduciary net position County contributions 1,940,126 $ 1,913,674 $ 1,880,580 $ Employee contributions 236,520 196,306 186,665 Net transfers into (out of) trust - (13,964) - Net investment income 3,817,637 (623,338) 2,669,670 Benefit payments (2,941,827) (2,690,363) (2,708,792) Administrative expenses (95,041) (87,552) (104,620) Other - 13,964 - Net change in Plan Fiduciary Net Position 2,957,415 (1,291,273) 1,923,503 Plan fiduciary net position - beginning of year 42,988,177 44,279,450 42,355,947 Plan fiduciary net position - end of year 45,945,592 $ 42,988,177 $ 44,279,450 $ Net Pension Liability (Asset) - End of Year - 10,968,028 $ 12,500,369 $ 8,622,454 $ Plan fiduciary net position as a percentage of the total pension liability 80.73% 77.47% 83.70% Covered-employee payroll 7,311,096 6,869,667 6,456,147 Net pension liability as a percentage of covered-employee payroll 150.02% 181.96% 133.55% Notes to Schedule: *Information presented for the years information is available ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION Last 10 Years* SCHEDULE OF CHANGES IN THE COUNTY'S NET PENSION LIABILITY AND RELATED RATIOS 78 ---PAGE BREAK--- County Police Benefit Plan 2016 2015 2014 Total pension liability Service Cost 83,300 $ 73,017 $ 54,354 $ Interest 125,214 121,101 108,193 Changes in plan provisions - - - Difference between expected and actual experience (110,212) (142,295) 83,472 Change in assumptions (2,828) 63,730 48,929 Benefit payments (64,781) (65,021) (65,291) Net change in Total Pension Liability 30,693 50,532 229,657 Total pension liability - beginning of year 1,806,821 1,756,289 1,526,632 Total pension liability - end of year 1,837,514 $ 1,806,821 $ 1,756,289 $ Plan fiduciary net position County contributions 93,510 $ 55,854 $ 70,445 $ Employee contributions N/A N/A N/A Net transfers into (out of) trust - - - Net investment income 141,729 (38,491) 99,777 Benefit payments (64,781) (65,021) (65,291) Administrative expenses (947) (843) (703) Other - - - Net change in Plan Fiduciary Net Position 169,511 (48,501) 104,228 Plan fiduciary net position - beginning of year 1,646,243 1,694,744 1,590,516 Plan fiduciary net position - end of year 1,815,754 $ 1,646,243 $ 1,694,744 $ Net Pension Liability (Asset) - End of Year - 21,760 $ 160,578 $ 61,545 $ Plan fiduciary net position as a percentage of the total pension liability 98.82% 91.11% 96.50% Covered-employee payroll 7,311,096 6,869,667 6,456,147 Net pension liability as a percentage of covered-employee payroll 0.30% 2.34% 0.95% Notes to Schedule: *Information presented for the years information is available ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN THE COUNTY'S NET PENSION LIABILITY AND RELATED RATIOS Last 10 Years* 79 ---PAGE BREAK--- 2016 2015 2014 2013 2012 2011 2010 County Police Retirement Plan Actuarially determined contribution** 1,793,068 $ 1,770,122 $ 1,744,741 $ 1,699,803 $ 1,593,248 $ 1,719,383 $ 1,712,696 $ County contributions recognized 1,940,126 1,913,674 1,880,580 1,832,170 1,723,869 1,865,658 1,881,767 Contribution deficiency (excess) (147,058) $ (143,552) $ (135,839) $ (132,367) $ (130,621) $ (146,275) $ (169,071) $ Covered - employee payroll 6,869,667 $ 6,456,147 $ 6,309,482 $ 6,183,034 $ 6,118,166 $ 5,983,558 $ 6,250,714 $ Contributions recognized as a percentage of covered-employee payroll 28.24% 29.64% 29.81% 29.63% 28.18% 31.18% 30.10% Notes to schedule Valuation date: Actuarially determined contribution rates are calculated as of January 1, two years prior to the end of the fiscal year in which contributions are reported. Methods and assumptions used to determine most current contribution rate above: Actuarial cost method Frozen initial liability Amortization method Level percentage of payroll, open Remaining amortization period 30 years Asset valuation method Inflation 3.5% Salary increases 4.00% average, including inflation Investment rate of return 6.75% Retirement age Mortality Other Information: None *Schedule presented for years information available ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF COUNTY CONTRIBUTIONS Last 10 Years* 75% of expected actuarial value plus 25% of actual market value, limited to 80% and 120% of market value The later of age 55 and 20 years of service, but not later than age 60, or one year from the valuation date 2015 IRS Combined Mortality Tables for Small Plans (separate male and female tables) 80 ---PAGE BREAK--- 2016 2015 2014 2013 2012 2011 2010 County Police Benefit Plan Actuarially determined contribution** 93,510 $ 55,854 $ 70,445 $ 89,939 $ 103,962 $ 85,351 $ 88,233 $ County contributions recognized 93,510 55,854 70,445 89,939 103,962 85,351 88,233 Contribution deficiency (excess) - $ - $ - $ - $ - $ - $ - $ Covered - employee payroll 6,869,667 $ 6,456,147 $ 6,309,482 $ 6,183,034 $ 6,118,166 $ 5,983,558 $ 6,250,714 $ Contributions recognized as a percentage of covered-employee payroll 1.36% 0.87% 1.12% 1.45% 1.70% 1.43% 1.41% Notes to schedule Valuation date: Actuarially determined contribution rates are calculated as of January 1, two years prior to the end of the fiscal year in which contributions are reported. Methods and assumptions used to determine most current contribution rate above: Actuarial cost method Aggregate Amortization method Not Applicable Remaining amortization period Not Applicable Asset valuation method Inflation 3.5% Salary increases 4.00% average, including inflation Investment rate of return 6.75% Retirement age Mortality Other Information: None *Schedule presented for years information available limited to 80% and 120% of market value The later of age 55 and 20 years of service (but not later than age 60) or one year from the valuation date 2015 IRS Combined Mortality Tables for Small Plans (separate male and female tables) ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF COUNTY CONTRIBUTIONS Last 10 Years* 75% of expected actuarial value plus 25% of actual market value, 81 ---PAGE BREAK--- 2016 2015 2014 2013 2012 County Police Retirement Plan Annual money-weighted rate of return 9.00% (1.43%) 6.35% 14.90% 10.30% 2011 2010 2009 2008 2007 Annual money-weighted rate of return (1.40%) 12.40% 24.90% (22.90%) 7.30% ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF INVESTMENT RETURNS Last 10 Fiscal Years 82 ---PAGE BREAK--- 2016 2015 2014 2013 County Police Benefit Plan Annual money-weighted rate of return 8.59% (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, 2016 1.01058% 45,864,613 $ 48,432,812 94.70% 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, 2016 11.20% 5,599,448 $ 48,432,812 11.56% 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%) 1-1-2016 7,862,010 (7,862,010) 0% 59,358,587 (13%) ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE 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 55,825,604 $ 55,825,604 $ 56,060,963 $ 235,359 $ - $ - $ - $ - $ 14,675,675 $ 14,675,675 $ 14,857,731 $ 182,056 $ Licenses and permits 2,020,000 2,020,000 2,325,853 305,853 - - - - - - - - Intergovernmental 11,050,486 11,050,486 11,463,710 413,224 - - - - 220,000 220,000 188,983 (31,017) Charges for services 3,378,518 3,378,518 4,048,589 670,071 - - - - - - - - Fines and forfeits 1,300,000 1,300,000 1,322,738 22,738 - - - - - - - - Other 1,497,500 1,497,500 2,514,967 1,017,467 388,000 388,000 59,797 (328,203) 6,000 6,000 6,257 257 Total revenues 75,072,108 75,072,108 77,736,820 2,664,712 388,000 388,000 59,797 (328,203) 14,901,675 14,901,675 15,052,971 151,296 Expenditures: Current: General government 28,002,487 33,430,109 26,731,586 6,698,523 - - - - 14,901,675 14,950,807 14,633,735 317,072 Public safety 41,820,730 41,858,768 40,864,035 994,733 - - - - - - - - Highway and streets - - - - - 546,150 546,150 - - - - - Health and welfare 5,400,130 5,227,200 5,206,759 20,441 - - - - - - - - Culture and recreation 533,746 535,557 511,557 24,000 - - - - - - - - Economic development - - 9,127 (9,127) - - - - - - - - Total expenditures 75,757,093 81,051,634 73,323,064 7,728,570 - 546,150 546,150 - 14,901,675 14,950,807 14,633,735 317,072 Other financing sources (uses): Transfers In 443,600 443,600 746,679 303,079 - - 357,852 357,852 - - - - Transfers Out - - - - - - - - - - (145,000) (145,000) Temporary loan proceeds - 5,500,000 5,500,000 - - (5,500,000) (5,500,000) - - - - - Repayment of temporary loan - (5,500,000) (5,500,000) - - 5,500,000 5,500,000 - - - - - Total other financing sources (uses) 443,600 443,600 746,679 303,079 - - 357,852 357,852 - - (145,000) (145,000) Net change in fund balances (241,385) (5,535,926) 5,160,435 10,696,361 388,000 (158,150) (128,501) 29,649 - (49,132) 274,236 323,368 Fund balances - beginning 10,924,053 10,924,053 10,924,053 - 13,630,693 13,630,693 13,630,693 - 579,447 579,447 579,447 - Fund balances - December 31 10,682,668 $ 5,388,127 $ 16,084,488 $ 10,696,361 $ 14,018,693 $ 13,472,543 $ 13,502,192 $ 29,649 $ 579,447 $ 530,315 $ 853,683 $ 323,368 $ Budgeted Amounts County Option Income Tax Distributive Shares General Fund Budgeted Amounts Rainy Day Fund Budgeted Amounts ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION BUDGETARY COMPARISON SCHEDULES - GENERAL FUND AND MAJOR SPECIAL REVENUE FUNDS For The Year Ended December 31, 2016 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) 5,160,435 $ (128,501) $ 274,236 $ Adjustments: To adjust revenues for accruals 707,298 (358,331) (616,632) To adjust expenditures for accruals (367,381) - 937,477 Net change in fund balances (GAAP basis) 5,500,352 $ (486,832) $ 595,081 $ 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, 2016 88 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 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 516,501 $ 3,535,287 $ 1,784,589 $ 34,226 $ 2,641,679 $ 55,057 $ Investments - 691,379 256,538 - 343,159 5,185 Receivables (net of allowances for uncollectibles): Interest - 5,203 - - 1,883 - Taxes 541,976 106,027 - - 108,432 - Accounts - 18,181 - 37,352 16,671 - Special assessments - - - - - - Intergovernmental - 4,768 2,938 - 13,887 - Interfund receivables: Interfund loans - 632,118 578,263 - - - Assets held for resale - - - - - - Total assets 1,058,477 $ 4,992,963 $ 2,622,328 $ 71,578 $ 3,125,711 $ 60,242 $ Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable 230,668 $ 385,478 $ 130,864 $ - $ 20,073 $ - $ Accrued payroll and withholdings payable - 285,890 - - 162,476 2,595 Interfund payables: Interfund loans - 813,850 - - - - Total liabilities 230,668 1,485,218 130,864 - 182,549 2,595 Deferred inflows of resources: Unavailable revenue - property taxes - - - - 89,239 - Unavailable revenue - license excise taxes - - - - 19,193 - Unavailable revenue - income taxes 541,976 - - - - - Total deferred inflows of resources 541,976 - - - 108,432 - Fund balances: Nonspendable fund balance - $ - $ - $ - $ - $ - $ Restricted fund balance 285,833 3,507,745 2,491,464 71,578 2,834,730 57,647 Committed fund balance - - - - - - Assigned fund balance - - - - - - Unassigned fund balance - - - - - - Total fund balances 285,833 3,507,745 2,491,464 71,578 2,834,730 57,647 Total liabilities, deferred inflows of resources, and fund balances 1,058,477 $ 4,992,963 $ 2,622,328 $ 71,578 $ 3,125,711 $ 60,242 $ 89 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 117,103 $ 15,451 $ 35,901 $ 604,092 $ 13,500 $ 29,624 $ 18,008 - - - - - - - - - - - - - - - - - 8,515 17,779 3,486 6,765 - 1,040 - - - - - - 3,984 - - - - - - - - - - - - - - - - - 147,610 $ 33,230 $ 39,387 $ 610,857 $ 13,500 $ 30,664 $ 1,383 $ - $ - $ - $ - $ - $ 2,310 33,201 - 3,106 - - - - - - - - 3,693 33,201 - 3,106 - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ 143,917 29 39,387 607,751 13,500 30,664 - - - - - - - - - - - - - - - - - - 143,917 29 39,387 607,751 13,500 30,664 147,610 $ 33,230 $ 39,387 $ 610,857 $ 13,500 $ 30,664 $ 90 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 341,462 $ 5,321,745 $ 814,416 $ 306,918 $ 62,020 $ 605 $ 50,978 759,083 - 32,102 - - - - - - - - - - - - - - 49,277 - - 896 3,148 - - 22,020 - - - - - 504 - - - 1,433 - - - - - - - - - - - - 441,717 $ 6,103,352 $ 814,416 $ 339,916 $ 65,168 $ 2,038 $ - $ 22,375 $ - $ - $ 2,865 $ - $ 24,954 - - 13,435 - - - - - - - - 24,954 22,375 - 13,435 2,865 - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ 416,763 6,080,977 814,416 - 62,303 2,038 - - - 326,481 - - - - - - - - - - - - - - 416,763 6,080,977 814,416 326,481 62,303 2,038 441,717 $ 6,103,352 $ 814,416 $ 339,916 $ 65,168 $ 2,038 $ 91 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 12,817 $ 721,972 $ 758,322 $ 872 $ 2,561,365 $ 11,626 $ - - - - 371,552 - - - - - 2,039 - - - - - - - - - 20,761 - - 7,392 - - - - - - - - 3,690 - - - - - - - - - - - - - - - 12,817 $ 721,972 $ 782,773 $ 872 $ 2,934,956 $ 19,018 $ - $ 59,428 $ 29,408 $ 1,390 $ - $ 12,887 $ - 137,123 92,887 - - - - - - - - - - 196,551 122,295 1,390 - 12,887 - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ 12,817 525,421 660,478 - 2,934,956 6,131 - - - - - - - - - - - - - - - (518) - - 12,817 525,421 660,478 (518) 2,934,956 6,131 12,817 $ 721,972 $ 782,773 $ 872 $ 2,934,956 $ 19,018 $ 92 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 38,282 $ 550,522 $ 229,046 $ 238,490 $ 6,622 $ 106,155 $ 378,437 $ - 80,986 33,225 - - - - - 445 - - - - - - - - - - - - 5,000 - - - - 3,723 765 - - - - - - - - - - - - - - - - 31,133 - - - - - - - - - - - 43,282 $ 631,953 $ 293,404 $ 238,490 $ 6,622 $ 109,878 $ 379,202 $ 1,112 $ 4,983 $ - $ - $ - $ - $ 4,168 $ - - - - - 1,297 - - - - - - - - 1,112 4,983 - - - 1,297 4,168 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 42,170 626,970 - 238,490 6,622 108,581 375,034 - - 293,404 - - - - - - - - - - - - - - - - - - 42,170 626,970 293,404 238,490 6,622 108,581 375,034 43,282 $ 631,953 $ 293,404 $ 238,490 $ 6,622 $ 109,878 $ 379,202 $ 93 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 163,494 $ 148,592 $ 18,863 $ 528,172 $ 32,948 $ 257,305 $ - - - - - - - - - - - - - - - - - - 1,530 2,393 - 63,112 - - - - - - - - - 14,177 - - - - - - - - - - - - - - - - 165,024 $ 165,162 $ 18,863 $ 591,284 $ 32,948 $ 257,305 $ - $ - $ 2,690 $ 4,378 $ - $ - $ - - - 8,254 - 7,209 - - - - - - - - 2,690 12,632 - 7,209 - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ 165,024 165,162 16,173 - 32,948 - - - - 578,652 - 250,096 - - - - - - - - - - - - 165,024 165,162 16,173 578,652 32,948 250,096 165,024 $ 165,162 $ 18,863 $ 591,284 $ 32,948 $ 257,305 $ 94 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 1,496,208 $ 25,256 $ 26,822 $ 307,243 $ 167,260 $ - $ 245,623 $ 219,328 - 3,890 - 24,032 - - 1,204 - - - 132 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 7,415 - - - - - - - - - - - - - - - 1,716,740 $ 25,256 $ 30,712 $ 307,243 $ 191,424 $ 7,415 $ 245,623 $ - $ 3,054 $ - $ 24,252 $ - $ - $ - $ - 3,626 - 5,806 - - - - - - - - 2,611 - - 6,680 - 30,058 - 2,611 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 1,716,740 18,576 30,712 277,185 191,424 4,804 - - - - - - - 245,623 - - - - - - - - - - - - - - 1,716,740 18,576 30,712 277,185 191,424 4,804 245,623 1,716,740 $ 25,256 $ 30,712 $ 307,243 $ 191,424 $ 7,415 $ 245,623 $ 95 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 16,985 $ 83,058 $ 1,053 $ 209,765 $ 33,688 $ 286,893 $ 11,472 $ - - - - - - - - - - - - - - - - - - - - - - 1,234 2,452 37,091 1,060 - 1,465 - - - - - - - - - - 105,088 - - - - - - - - - - - - - - - - - 16,985 $ 84,292 $ 3,505 $ 351,944 $ 34,748 $ 286,893 $ 12,937 $ - $ 3,393 $ - $ 21,674 $ - $ - $ - $ - - - 43,026 - - - - - - - - - - - 3,393 - 64,700 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 16,985 - 3,505 287,244 34,748 286,893 12,937 - 80,899 - - - - - - - - - - - - - - - - - - - 16,985 80,899 3,505 287,244 34,748 286,893 12,937 16,985 $ 84,292 $ 3,505 $ 351,944 $ 34,748 $ 286,893 $ 12,937 $ 96 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 $ 7,503 $ 6,528 $ 1,214,410 $ - $ 56,246 $ - - - - 206,034 - 8,159 - - - - 1,131 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 50,819 - - - - - - - - - - - - - - - 463 $ 186 $ 7,503 $ 6,528 $ 1,421,575 $ 50,819 $ 64,405 $ - $ - $ - $ - $ - $ - $ - $ - - - - - 18,969 - - - - - - 340 - - - - - - 19,309 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 463 186 7,503 6,528 1,421,575 31,510 64,405 - - - - - - - - - - - - - - - - - - - - - 463 186 7,503 6,528 1,421,575 31,510 64,405 463 $ 186 $ 7,503 $ 6,528 $ 1,421,575 $ 50,819 $ 64,405 $ 97 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 143,439 $ 7,842 $ 29,587 $ 10,579 $ 365,519 $ 178,052 $ 91,249 $ - 1,136 4,397 1,534 - - 12,998 - - - - - - - - - - - - - - - - 475 - 19,311 47,792 - - - - - - - - 3,423 - 2,539 - - 2,500 - - - - - - - - - - - - - - - 146,862 $ 8,978 $ 36,998 $ 12,113 $ 384,830 $ 228,344 $ 104,247 $ - $ - $ - $ - $ - $ 14,630 $ - $ - - 1,171 - - 35,228 - - - - - - - - - - 1,171 - - 49,858 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ - - 35,827 12,113 384,830 178,486 104,247 146,862 8,978 - - - - - - - - - - - - - - - - - - - 146,862 8,978 35,827 12,113 384,830 178,486 104,247 146,862 $ 8,978 $ 36,998 $ 12,113 $ 384,830 $ 228,344 $ 104,247 $ 98 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 111 $ 49,825 $ 11,903 $ 49,991 $ - $ 175,651 $ 116,084 $ - - 1,728 4,146 - 22,197 16,834 - - - - - - - - - - - - - - - - - 1,650 - - - - - - - - - - - - - - - 51,016 33,341 - - - - - - - - - - - - - - 111 $ 49,825 $ 13,631 $ 55,787 $ - $ 248,864 $ 166,259 $ - $ 1,294 $ - $ - $ - $ 35,679 $ - $ - - - - - 23,042 - - - - - - - - - 1,294 - - - 58,721 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 111 48,531 13,631 55,787 - - - - - - - - 190,143 166,259 - - - - - - - - - - - - - - 111 48,531 13,631 55,787 - 190,143 166,259 111 $ 49,825 $ 13,631 $ 55,787 $ - $ 248,864 $ 166,259 $ 99 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 TB Tobacco St. Joseph Deception Protective Unsafe Project Emergency Master Plan Foundation Program Services Building Allen-CIP-FY-03/04 Program Program Lead Program 1,598 $ - $ 54,128 $ 25,953 $ - $ 25,784 $ 7,759 $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 47,809 - - 2,113 - - - - - - - - - - - - - - - - 1,598 $ 47,809 $ 54,128 $ 25,953 $ 2,113 $ 25,784 $ 7,759 $ 2,895 $ - $ - $ - $ - $ - $ - $ - 19,788 - - - 7,370 - - - 28,021 - - 2,112 - - 2,895 47,809 - - 2,112 7,370 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ - - 54,128 25,953 1 18,414 7,759 - - - - - - - - - - - - - - (1,297) - - - - - - (1,297) - 54,128 25,953 1 18,414 7,759 1,598 $ 47,809 $ 54,128 $ 25,953 $ 2,113 $ 25,784 $ 7,759 $ 100 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 Prevention and Great KIDS GPS Byrne HIV/AIDS Treatment Supplemental Make Great Electronic Map JAG Grant Program Program Education COMMUNITIES Generation - $ - $ - $ 1,320 $ 184,842 $ 34,969 $ - - - - - 5,069 - - - - - - - - - - - - - - - - - - - - - - - - - 4,200 6,025 - - - - - - - - - - - - - - - - $ 4,200 $ 6,025 $ 1,320 $ 184,842 $ 40,038 $ - $ - $ - $ - $ 2,330 $ - $ - - 2,596 - - - - 4,200 3,424 - - - - 4,200 6,020 - 2,330 - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - - 5 1,320 182,512 40,038 - - - - - - - - - - - - - - - - - - - - 5 1,320 182,512 40,038 - $ 4,200 $ 6,025 $ 1,320 $ 184,842 $ 40,038 $ 101 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Allen County Allen County Courts Foreign Onsite Sheriff NE Language Wastewater Traffic Jury Fee Truancy Department Indiana Interpreter Management Enforcement Circuit Court Reduction Training Trails 25,303 $ 5,654 $ 7,579 $ 1,572 $ 1,601 $ 1,082 $ 3,733 $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 7,579 - - - - - - - - - - - - - - - - - - 25,303 $ 5,654 $ 15,158 $ 1,572 $ 1,601 $ 1,082 $ 3,733 $ 2,940 $ - $ - $ - $ - $ - $ - $ - - 7,579 - - - - - - - - - - - 2,940 - 7,579 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 22,363 5,654 7,579 1,572 1,601 - - - - - - - 1,082 3,733 - - - - - - - - - - - - - - 22,363 5,654 7,579 1,572 1,601 1,082 3,733 25,303 $ 5,654 $ 15,158 $ 1,572 $ 1,601 $ 1,082 $ 3,733 $ 102 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 Identification Legal ISDH Allen County Foundation Security Enhanced On-site Education Immunization Courts Family Grants Protection Access Septic System Opportunity Grant Court Grant 15,885 $ 35,180 $ 31 $ 156,388 $ 557 $ - $ 22,987 $ - - - 22,784 - - - - - - - - - - - - - - - - - - 2,916 - 1,200 - - - - - - - - - - - - - - - 3,908 - - - - - - - - - - - - - - - 15,885 $ 38,096 $ 31 $ 180,372 $ 557 $ 3,908 $ 22,987 $ - $ - $ - $ - $ - $ - $ 1,200 $ - - - 5,777 - 1,207 - - - - - - 2,701 - - - - 5,777 - 3,908 1,200 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ - 38,096 31 174,595 557 - 21,787 15,885 - - - - - - - - - - - - - - - - - - - - 15,885 38,096 31 174,595 557 - 21,787 15,885 $ 38,096 $ 31 $ 180,372 $ 557 $ 3,908 $ 22,987 $ 103 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 Allen County State Volunteer Homeland Bullet Smoking Sex/Violent Criminal Alien Problem Advocates Security Proof Vest Ordinance Offender Assistance Solving For Seniors Program Partnership Coordination Admin Program Court 13,498 $ - $ - $ 89 $ 43,705 $ 17,760 $ 18,050 $ 2,236 - - - 6,091 - 2,618 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 15,734 $ - $ - $ 89 $ 49,796 $ 17,760 $ 20,668 $ 14,531 $ - $ - $ - $ - $ - $ 3,638 $ - - - - - - - - - - - - - - 14,531 - - - - - 3,638 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 1,203 - - 89 49,796 17,760 17,030 - - - - - - - - - - - - - - - - - - - - - 1,203 - - 89 49,796 17,760 17,030 15,734 $ - $ - $ 89 $ 49,796 $ 17,760 $ 20,668 $ 104 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Allen County Auditor's Sheriff IJC 2016 LIT Refugee Courtools Ineligible Training Veterans Special Interpreter/ Court Reform GIS Deductions Center Court Dist 25% Translator Grant Infrastructure 1,321,997 $ 18,562 $ 14,639 $ 1,195,944 $ 19,355 $ 29,221 $ 257,835 $ 167,299 2,738 2,205 173,482 - - 37,400 918 - - 952 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,490,214 $ 21,300 $ 16,844 $ 1,370,378 $ 19,355 $ 29,221 $ 295,235 $ 3,413 $ - $ - $ - $ 1,270 $ - $ - $ 9,589 - - - - - - - - - - - - - 13,002 - - - 1,270 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 1,477,212 21,300 16,844 1,370,378 18,085 29,221 - - - - - - - 295,235 - - - - - - - - - - - - - - 1,477,212 21,300 16,844 1,370,378 18,085 29,221 295,235 1,490,214 $ 21,300 $ 16,844 $ 1,370,378 $ 19,355 $ 29,221 $ 295,235 $ 105 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 Dept. Commerical Adult Radon and Influenza Fines Court Law Probation Healthy Elected Vaccination Collections Clerk Grant Homes Official Training 479 $ 16,800 $ 53,442 $ 167,230 $ - $ 153,860 $ - - 7,765 22,929 - 22,231 - - - - - - - - - - - - - 610 - - - 2,916 - - - - - - - - - - - - - - - - - - - - - - - - 479 $ 17,410 $ 61,207 $ 190,159 $ - $ 179,007 $ - $ - $ - $ - $ - $ - $ - - - 10,570 - - - - - - - - - - - 10,570 - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ 479 - 61,207 179,589 - 179,007 - 17,410 - - - - - - - - - - - - - - - - 479 17,410 61,207 179,589 - 179,007 479 $ 17,410 $ 61,207 $ 190,159 $ - $ 179,007 $ 106 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 ARRA County Prosc IV-D Prosc IV-D Clerk IV-D County Offender Clerk IV-D IV-D Incentive Incentive Incentive Transportation Incentive Incentive Prior to 10/99 Post 10/99 Post 10/99 16,310 $ 5 $ 12,969 $ 80,727 $ 141,032 $ 446,636 $ - - 3,030 11,710 21,410 65,672 - - - - - - - - - - - - - - - - - - - - - - - - - - 35,618 - 53,587 35,618 - - - - - - - - - - - - 16,310 $ 5 $ 51,617 $ 92,437 $ 216,029 $ 547,926 $ - $ - $ - $ - $ 43,548 $ - $ - - 5,170 - 10,120 4,963 - - - - - - - - 5,170 - 53,668 4,963 - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ 16,310 5 46,447 92,437 162,361 542,963 - - - - - - - - - - - - - - - - - - 16,310 5 46,447 92,437 162,361 542,963 16,310 $ 5 $ 51,617 $ 92,437 $ 216,029 $ 547,926 $ 107 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 Maplecrest Reassessment Clinic County General Drain Great Batch Special COIT - Bridge 2015 Donation Bond Improvement TIF Flood Control Bond 707,999 $ 11,105 $ 2,016,980 $ 1,075,516 $ 51,152 $ 171,227 $ 3,156 $ 93,167 - 314,739 144,057 7,070 24,839 - 511 - 1,728 4,957 - - - 23,236 - 176,947 - - - - - - - - - 3,261 - - - - 118,127 - - - - - - - - - - - - - - - - - - - - - - - - 824,913 $ 11,105 $ 2,510,394 $ 1,342,657 $ 58,222 $ 199,327 $ 3,156 $ 1,930 $ - $ - $ 1,549 $ - $ - $ - $ 7,519 - - - - - - - - - - 131,133 - - 9,449 - - 1,549 131,133 - - 19,123 - 145,627 - - - - 4,113 - 31,320 - - - - - - - - - - - 23,236 - 176,947 - - - - - $ - $ - $ - $ - $ - $ - $ 792,228 11,105 2,333,447 1,341,108 - - 3,156 - - - - - - - - - - - - 199,327 - - - - - (72,911) - - 792,228 11,105 2,333,447 1,341,108 (72,911) 199,327 3,156 824,913 $ 11,105 $ 2,510,394 $ 1,342,657 $ 58,222 $ 199,327 $ 3,156 $ 108 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 Community Capital CASAD Nestle TIF Center Road Development Development East TIF Major Bridge II Bond Construction Argo Drain Corporation 6,921,575 $ 411,632 $ 3,761,396 $ 425,344 $ 199,283 $ 131,349 $ 482,824 $ 943,909 50,140 509,054 26,407 72,440 19,054 70,396 5,181 - - - - - - 117,964 - 76,856 - - - - - - - - - - 1,451 - - - - - - - - - 13,695 - - - - - - - - - - - - - - - - - - 7,988,629 $ 461,772 $ 4,361,001 $ 451,751 $ 271,723 $ 150,403 $ 554,671 $ 132,706 $ - $ 72,342 $ - $ 42,275 $ - $ 1,706 $ - - - - - - - - - - - - - - 132,706 - 72,342 - 42,275 - 1,706 97,084 - 63,252 - - - - 20,880 - 13,604 - - - - - - - - - - - 117,964 - 76,856 - - - - - $ - $ - $ - $ - $ - $ - $ 7,737,959 461,772 4,211,803 451,751 229,448 150,403 - - - - - - - - - - - - - - 552,965 - - - - - - - 7,737,959 461,772 4,211,803 451,751 229,448 150,403 552,965 7,988,629 $ 461,772 $ 4,361,001 $ 451,751 $ 271,723 $ 150,403 $ 554,671 $ 109 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 Parking Tax Woodburn Lincoln Uniroyal Mossman Garage Abatement Industrial Industrial Goodrich GM 2015 Drain Bond of 2001 Development TIF TIF TIF General Account 16,912 $ 17 $ 451,117 $ 647 $ 268,359 $ 72,413 $ 399,713 $ 2,454 - 65,439 - 30,432 1,576 7,046 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 187,622 - - - - - - - - - - - 19,366 $ 17 $ 704,178 $ 647 $ 298,791 $ 73,989 $ 406,759 $ - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 19,366 - - 647 298,791 73,989 406,759 - - 704,178 - - - - - 17 - - - - - - - - - - - - 19,366 17 704,178 647 298,791 73,989 406,759 19,366 $ 17 $ 704,178 $ 647 $ 298,791 $ 73,989 $ 406,759 $ 110 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 2015B GM 2015A GM 2015A Nestle II Principal and GM 2015B Bond Bond Reserve Account Reserve Account Interest Account Reserve Account 130,094 $ 65,710 $ 135,224 $ 89 $ 35,181 $ 204,346 $ 18,857 9,491 19,615 - 5,100 29,641 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 148,951 $ 75,201 $ 154,839 $ 89 $ 40,281 $ 233,987 $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ 148,951 75,201 154,839 89 40,281 233,987 - - - - - - - - - - - - - - - - - - 148,951 75,201 154,839 89 40,281 233,987 148,951 $ 75,201 $ 154,839 $ 89 $ 40,281 $ 233,987 $ 111 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances GM Supplemental Vera Bradley Little River Bandalier TIF TIF Joint Drain TIF 62,863 $ 88,817 $ 367,939 $ 75,397 $ 5,038 1,502 52,474 4,034 - - - - - - - - - - - - - - 195 - - - 23,140 - - - - - - - - - 67,901 $ 90,319 $ 443,748 $ 79,431 $ - $ - $ - $ - $ - - - - - 351,277 - 187,622 - 351,277 - 187,622 - - - - - - - - - - - - - - - - - $ - $ - $ - $ 67,901 - 443,748 - - - - - - - - - - (260,958) - (108,191) 67,901 (260,958) 443,748 (108,191) 67,901 $ 90,319 $ 443,748 $ 79,431 $ 112 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 196,903 $ - $ 193,107 $ - $ 4,205,286 $ 2,162,966 $ 27,961 - 3,255 - 610,832 317,738 - - - - 3,353 1,744 - - - - - - - - - - - - - - - - - - - - - - - 12,996 - - - - - - - - - - 1,913,360 - 224,864 $ - $ 196,362 $ - $ 6,732,831 $ 2,495,444 $ - $ - $ - $ - $ - $ 121,999 $ - - - - - - 1,254,308 - 578,263 - - - 1,254,308 - 578,263 - - 121,999 - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ 1,913,360 $ - $ - - - - 4,819,471 2,373,445 - - - - - - - - - - - (1,029,444) - (381,901) - - - (1,029,444) - (381,901) - 6,732,831 2,373,445 224,864 $ - $ 196,362 $ - $ 6,732,831 $ 2,495,444 $ 113 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Zubric Zubric Woodburn LOIT Dupont Stonebridge Road Road Coverdale US 24 Special Corner Business Park TIF II TIF TIF TIF Distribution TIF Project 26,325 $ 33,061 $ 69,435 $ 31,514 $ 3,587,834 $ 1,925 $ 915,697 $ 1,749 4,695 - 4,457 520,444 - 132,169 - - - - 2,857 - 725 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 28,074 $ 37,756 $ 69,435 $ 35,971 $ 4,111,135 $ 1,925 $ 1,048,591 $ - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - $ - $ 28,074 37,756 69,435 35,971 4,111,135 1,925 1,048,591 - - - - - - - - - - - - - - - - - - - - - 28,074 37,756 69,435 35,971 4,111,135 1,925 1,048,591 28,074 $ 37,756 $ 69,435 $ 35,971 $ 4,111,135 $ 1,925 $ 1,048,591 $ 114 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2016 (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 Jail Justice Center Building Building Corporation Corporation Totals 3,903 $ - $ 63,247,954 $ - - 7,896,548 - - 34,963 - - 1,151,438 - - 392,670 - - 140,342 - - 547,810 - - 1,429,136 - - 1,913,360 3,903 $ - $ 76,754,221 $ - $ - $ 1,468,398 $ - - 997,853 - - 3,359,862 - - 5,826,113 - - 414,325 - - 89,110 - - 541,976 - - 1,045,411 - $ - $ 1,913,360 3,903 - 65,747,328 - - 3,324,920 - - 752,309 - - (1,855,220) 3,903 - 69,882,697 3,903 $ - $ 76,754,221 $ 115 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2016 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 2,949,056 $ 2,489,855 $ - $ - $ 2,239,263 $ - $ - $ Special assessments - - - - - - - Intergovernmental - 8,305,338 1,772,475 - 418,830 141,710 - Charges for services - 643,178 - - 1,373,416 - 140,481 Fines and forfeits - - - 541,224 - - - Other 386 146,289 3,519 - 81,239 354 10,585 Total revenues 2,949,442 11,584,660 1,775,994 541,224 4,112,748 142,064 151,066 Expenditures: Current: General government - - - - - - - Public safety 3,390,178 - - 506,300 - 100,897 108,683 Highways and streets - 12,590,194 2,260,658 - - - - Sanitation - - - - - - - Economic development - - - - - - - Health and welfare - - - - 3,965,121 - - Culture and recreation - - - - - - - Debt service: Principal - - - - - - - Interest - - - - - - - Bond issuance costs - - - - - - - Capital outlay: Economic development - - - - - - - Special assessment - - - - - - - Total expenditures 3,390,178 12,590,194 2,260,658 506,300 3,965,121 100,897 108,683 Excess (deficiency) of revenues over (under) expenditures (440,736) (1,005,534) (484,664) 34,924 147,627 41,167 42,383 Other financing sources (uses): Transfers in - - - - - - - Transfers out - - - - - - - Payment to refunded bond escrow agent - - - - - - - Bond proceeds - - - - - - - Bond premium - - - - - - - Total other financing sources and uses - - - - - - - Net change in fund balances (440,736) (1,005,534) (484,664) 34,924 147,627 41,167 42,383 Fund balances - beginning 726,569 4,513,279 2,976,128 36,654 2,687,103 16,480 101,534 Fund balances - ending 285,833 $ 3,507,745 $ 2,491,464 $ 71,578 $ 2,834,730 $ 57,647 $ 143,917 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium 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 - $ - $ - $ - $ - $ - $ - $ - - - - - - 645,261 - - - - - - - 563,015 34,420 75,925 85,670 21,515 578,548 - - - - - - - - 400 896 - 343 1,930 3,284 704 563,415 35,316 75,925 86,013 23,445 581,832 645,965 - - 107,935 - - 719,267 568,819 572,633 32,345 - 99,414 32,429 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 572,633 32,345 107,935 99,414 32,429 719,267 568,819 (9,218) 2,971 (32,010) (13,401) (8,984) (137,435) 77,146 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (9,218) 2,971 (32,010) (13,401) (8,984) (137,435) 77,146 9,247 36,416 639,761 26,901 39,648 554,198 6,003,831 29 $ 39,387 $ 607,751 $ 13,500 $ 30,664 $ 416,763 $ 6,080,977 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium 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 - $ - $ - $ - $ - $ - $ - $ - - - - - - - - 171,003 - - 218,074 3,592,675 - 1,861,473 88,895 - 12,586 - - 1,902,105 - - 47,752 - - - - - 2,215 - 161 1,248 229 93,532 1,861,473 262,113 47,752 12,747 219,322 3,592,904 1,995,637 - - 47,512 - - - - 1,758,452 - - 16,334 425,594 3,648,313 1,677,571 - - - - - - - - - - - - - - - - - - - - - - 225,054 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,758,452 225,054 47,512 16,334 425,594 3,648,313 1,677,571 103,021 37,059 240 (3,587) (206,272) (55,409) 318,066 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 103,021 37,059 240 (3,587) (206,272) (55,409) 318,066 711,395 289,422 62,063 5,625 219,089 580,830 342,412 814,416 $ 326,481 $ 62,303 $ 2,038 $ 12,817 $ 525,421 $ 660,478 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium 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 - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - 16,398 - - 7,392 48,830 169,276 - - - - 131,357 - - - - 85 21,807 - 5,071 4,961 1,819 115 85 21,807 138,749 53,901 174,237 1,819 16,513 - - - - - - - - 11,018 138,268 59,136 - - 13,939 - - - - - - - - - - - - - - 35,969 - - - - - - - - - - - - - - - - - 133,868 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 35,969 11,018 138,268 59,136 133,868 - 13,939 (35,884) 10,789 481 (5,235) 40,369 1,819 2,574 35,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 35,000 - - - - - - (884) 10,789 481 (5,235) 40,369 1,819 2,574 366 2,924,167 5,650 47,405 586,601 291,585 235,916 (518) $ 2,934,956 $ 6,131 $ 42,170 $ 626,970 $ 293,404 $ 238,490 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium 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 - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - 49,225 45,351 - 4,940 52,797 86,345 - 531 - 248,300 - - - 148,083 55,752 - - - 10 - - 88 - 626 4,940 52,807 86,345 148,083 105,596 45,351 248,926 - - 5,069 - - - 308,384 3,432 42,420 - 154,846 83,980 47,788 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,432 42,420 5,069 154,846 83,980 47,788 308,384 1,508 10,387 81,276 (6,763) 21,616 (2,437) (59,458) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,508 10,387 81,276 (6,763) 21,616 (2,437) (59,458) 5,114 98,194 293,758 171,787 143,546 18,610 638,110 6,622 $ 108,581 $ 375,034 $ 165,024 $ 165,162 $ 16,173 $ 578,652 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium 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 - $ - $ - $ - $ - $ - $ - $ - - - - - - - - 206,906 2,921,970 - 10,915 - 36,023 - - - 41,764 - 176,986 - - - - - - - - - 2 14,802 - 350 - 1,512 - 206,908 2,936,772 41,764 11,265 176,986 37,535 - 140,972 - - - 199,050 - 5,859 - 3,538,116 89,681 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 20,069 - - - - - - - - 3,109 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5,859 140,972 3,538,116 89,681 20,069 199,050 3,109 (5,859) 65,936 (601,344) (47,917) (8,804) (22,064) 34,426 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (5,859) 65,936 (601,344) (47,917) (8,804) (22,064) 34,426 38,807 184,160 2,318,084 66,493 39,516 299,249 156,998 32,948 $ 250,096 $ 1,716,740 $ 18,576 $ 30,712 $ 277,185 $ 191,424 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium 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 Assist Grant Services for Inmates Testing Jury Fee Deferral Fee ADR Plan - $ - $ - $ - $ - $ - $ - $ - - - - - - - 11,694 - - - - 603,720 - - 92,235 41,435 15,335 - - - - - - - 37,930 588,209 14,110 - 41 - - 1,033 15,468 - 11,694 92,276 41,435 15,335 38,963 1,207,397 14,110 - 33,707 - - 39,716 - 10,830 12,084 - 36,198 28,835 - 1,133,602 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 12,084 33,707 36,198 28,835 39,716 1,133,602 10,830 (390) 58,569 5,237 (13,500) (753) 73,795 3,280 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (390) 58,569 5,237 (13,500) (753) 73,795 3,280 5,194 187,054 11,748 94,399 4,258 213,449 31,468 4,804 $ 245,623 $ 16,985 $ 80,899 $ 3,505 $ 287,244 $ 34,748 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Superior Campaign Pre-Trial Court Allen County Algor Mortis Finance Surveyor's Federal Diversion ADR Plan Morgue Study Enforcement Petition Asset Seizure - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - 837,062 - - - - - - - 202,477 15,300 - - - - - 1,704 - - - 3,060 250 2,704 204,181 15,300 - - 3,060 250 839,766 - 13,795 - - 9 - - 85,906 - - - - - 355,735 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 85,906 13,795 - - 9 - 355,735 118,275 1,505 - - 3,051 250 484,031 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 118,275 1,505 - - 3,051 250 484,031 168,618 11,432 463 186 4,452 6,278 937,544 286,893 $ 12,937 $ 463 $ 186 $ 7,503 $ 6,528 $ 1,421,575 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Community Juvenile Mobile Clerk Transitions Stormwater Internet Prisoner Public Defender Command Record Program Study Access Reimbursement User Fees Unit Perpetuation - $ - $ - $ - $ - $ - $ - $ - - - - - - - 372,269 - - - 10,163 - 2,915 - - 18,827 - - - - - - - - 6,912 - 285,161 - 491 - 58 296 83 3 372,269 491 18,827 58 17,371 83 288,079 - - 19,353 - - - 77,030 273,869 - - - 23,883 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 273,869 - 19,353 - 23,883 - 77,030 98,400 491 (526) 58 (6,512) 83 211,049 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 98,400 491 (526) 58 (6,512) 83 211,049 (66,890) 63,914 147,388 8,920 42,339 12,030 173,781 31,510 $ 64,405 $ 146,862 $ 8,978 $ 35,827 $ 12,113 $ 384,830 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Alcohol Allen County Prosecutor's Tangible and Drug Sales Levy Children's Federal Sheriff Incentive User Fees Disclosure Excess Home Gift Asset Seizure Donation Program - $ - $ - $ - $ - $ - $ - $ - - - - - - - 95,500 - - - - - - 332,403 51,745 - - - - - 604,268 - - - - - - - 745 - 3,019 104 38,991 4,956 1,032,171 52,490 - 3,019 104 38,991 4,956 - 7,661 7,256 - - - - 868,257 - - - - 13,743 5,672 - - - - - - - - - - - - - - - - - - - - - - - - 4,446 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 868,257 7,661 7,256 4,446 - 13,743 5,672 163,914 44,829 (7,256) (1,427) 104 25,248 (716) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 163,914 44,829 (7,256) (1,427) 104 25,248 (716) 14,572 59,418 7,367 49,958 13,527 30,539 716 178,486 $ 104,247 $ 111 $ 48,531 $ 13,631 $ 55,787 $ - $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Court Youth Juvenile Center Check Adult Improvement TB Services Per Per Diem Deception Protective Unsafe Project Emergency Diem Fees Fees Program Services Building Allen-CIP-FY-03/04 Program - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - 356,688 - 25,083 11,318 590,568 153,866 3,022 - - - - - - - - - - - 1,426 798 27 - 56,989 - - 591,994 154,664 3,049 356,688 56,989 25,083 11,318 - - - - - 13,822 - - 90,797 15,571 356,688 59,504 - - - - - - - - - - - - - - - - - - - - - - - 603,279 - - - - - 11,317 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 603,279 90,797 15,571 356,688 59,504 13,822 11,317 (11,285) 63,867 (12,522) - (2,515) 11,261 1 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (11,285) 63,867 (12,522) - (2,515) 11,261 1 201,428 102,392 11,225 - 56,643 14,692 - 190,143 $ 166,259 $ (1,297) $ - $ 54,128 $ 25,953 $ 1 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Substance Abuse Tobacco St. Joseph Prevention and Great KIDS Master Plan Foundation GPS Byrne HIV/AIDS Treatment Supplemental Make Great Program Lead Program JAG Grant Program Program Education COMMUNITIES - $ - $ - $ - $ - $ - $ - $ - - - - - - - 123,989 - 95,100 31,800 44,458 12,923 150,687 - - - - - - - - - - - - - - - - - - - 1 13,815 123,989 - 95,100 31,800 44,458 12,924 164,502 - - - - - - - - - 95,100 - - 4,174 - - - - - - - - - - - - - - - - - - - - - - 133,724 - - 31,800 44,458 - 143,742 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 133,724 - 95,100 31,800 44,458 4,174 143,742 (9,735) - - - - 8,750 20,760 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (9,735) - - - - 8,750 20,760 28,149 7,759 - - 5 (7,430) 161,752 18,414 $ 7,759 $ - $ - $ 5 $ 1,320 $ 182,512 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Allen County Allen County Courts Foreign Onsite Sheriff Electronic Map Language Wastewater Traffic Jury Fee Truancy Department Generation Interpreter Management Enforcement Circuit Court Reduction Training - $ - $ - $ - $ - $ - $ - $ - - - - - - - - 54,000 - 45,446 - - - 474 - - - - - - - - - - 234 - - 309 - 27 - - 75 923 783 54,000 27 45,446 234 75 923 1,435 62,921 - - - - - - - - 37,867 - 11,526 844 - - - - - - - - - - - - - - - - - - - - - - - 9,999 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,435 62,921 9,999 37,867 - 11,526 844 (652) (8,921) (9,972) 7,579 234 (11,451) 79 - - 10,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 10,000 - - - - (652) (8,921) 28 7,579 234 (11,451) 79 40,690 31,284 5,626 - 1,338 13,052 1,003 40,038 $ 22,363 $ 5,654 $ 7,579 $ 1,572 $ 1,601 $ 1,082 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending NE Sheriff Identification Legal ISDH Indiana Foundation Security Enhanced On-site Education Immunization Trails Grants Protection Access Septic System Opportunity Grant - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 7,500 149,245 - - 34,538 - 128,700 - - - - - - - - - 9,251 17,520 - - 1,292 6 - 9,251 17,520 34,538 - 129,992 7,506 149,245 5,518 - 35,000 - - 6,954 - - 11,760 - - - - - - - - - - - - - - - - 90,597 - - - - - - - - - - - - - - - 149,245 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5,518 11,760 35,000 - 90,597 6,954 149,245 3,733 5,760 (462) - 39,395 552 - - - - - - - - - - - - (10,000) - - - - - - - - - - - - - - - - - - - - - - - - - - - (10,000) - - 3,733 5,760 (462) - 29,395 552 - - 10,125 38,558 31 145,200 5 - 3,733 $ 15,885 $ 38,096 $ 31 $ 174,595 $ 557 $ - $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending State Allen County State Allen County Volunteer Homeland Bullet Smoking Sex/Violent Criminal Alien Courts Family Advocates For Security Proof Vest Ordinance Offender Assistance Court Grant Seniors Program Partnership Coordination Admin Program - $ - $ - $ - $ - $ - $ - $ - - - - - - - 10,000 25,000 25,515 - - - 8,079 - - - - - 22,549 - - - - - - - - - 112 - - - 361 - 10,000 25,112 25,515 - - 22,910 8,079 15,878 55,874 - - - - - - - 25,515 195 - 6,978 9,430 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 15,878 55,874 25,515 195 - 6,978 9,430 (5,878) (30,762) - (195) - 15,932 (1,351) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (5,878) (30,762) - (195) - 15,932 (1,351) 27,665 31,965 - 195 89 33,864 19,111 21,787 $ 1,203 $ - $ - $ 89 $ 49,796 $ 17,760 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Allen County Problem Auditor's Sheriff IJC 2016 LIT Refugee Courtools Solving Ineligible Training Veterans Special Interpreter/ Court Reform Court Deductions Center Court Dist 25% Translator Grant - $ - $ - $ - $ - $ - $ - $ - - - - - - - 25,000 2,319,523 - 19,390 1,363,345 40,400 30,593 - - 900 - - - - - - - - - - - 129 7,867 297 91 7,033 - - 25,129 2,327,390 1,197 19,481 1,370,378 40,400 30,593 - 1,103,669 - - - - 2,825 24,405 - 19,111 2,637 - 42,619 - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,270 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 24,405 1,103,669 19,111 2,637 - 43,889 2,825 724 1,223,721 (17,914) 16,844 1,370,378 (3,489) 27,768 - - - - - - - - (733,783) - - - - - - - - - - - - - - - - - - - - - - - - - - - (733,783) - - - - - 724 489,938 (17,914) 16,844 1,370,378 (3,489) 27,768 16,306 987,274 39,214 - - 21,574 1,453 17,030 $ 1,477,212 $ 21,300 $ 16,844 $ 1,370,378 $ 18,085 $ 29,221 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Health ACCC Dept. Commerical Adult Radon and GIS Influenza Fines Court Law Probation Healthy Elected Infrastructure Vaccination Collections Clerk Grant Homes Official Training - $ - $ - $ - $ - $ - $ - $ - - - - - - - 145,000 - - 61,200 199,563 180 - - - 610 - - - 33,802 - - 9,670 - - - - 2,405 479 - 7 932 - 1,244 147,405 479 10,280 61,207 200,495 180 35,046 369,514 - - - - - 4,521 - - - - 134,806 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 180 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 369,514 - - - 134,806 180 4,521 (222,109) 479 10,280 61,207 65,689 - 30,525 145,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 145,000 - - - - - - (77,109) 479 10,280 61,207 65,689 - 30,525 372,344 - 7,130 - 113,900 - 148,482 295,235 $ 479 $ 17,410 $ 61,207 $ 179,589 $ - $ 179,007 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium 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 County Offender Clerk IV-D IV-D Incentive Incentive Incentive Reassessment Transportation Incentive Incentive Prior to 10/99 Post 10/99 Post 10/99 2015 - $ - $ - $ - $ - $ - $ 481,173 $ - - - - - - - - - 177,835 - 267,534 177,835 43,286 - - - - - - - 2,167 - - - - - - - - 473 704 625 4,303 4,703 2,167 - 178,308 704 268,159 182,138 529,162 - - - - - - 378,183 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 244,186 - 307,443 146,386 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 244,186 - 307,443 146,386 378,183 2,167 - (65,878) 704 (39,284) 35,752 150,979 - - - - 151,250 - - - - - - - (151,250) - - - - - - - - - - - - - - - - - - - - - - - - - - 151,250 (151,250) - 2,167 - (65,878) 704 111,966 (115,498) 150,979 14,143 5 112,325 91,733 50,395 658,461 641,249 16,310 $ 5 $ 46,447 $ 92,437 $ 162,361 $ 542,963 $ 792,228 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Maplecrest Cumulative Clinic County General Drain Great Batch Special COIT - Bridge Capital Donation Bond Improvement TIF Flood Control Bond Development - $ 4,053,316 $ - $ 57,885 $ - $ - $ 2,436,114 $ - - 609,313 - - - - - 329,636 - - - - 219,757 - - - - - - 787,500 - - - - - - - 15 15,046 50,847 337 760 - 65,040 15 4,397,998 660,160 58,222 760 - 3,508,411 - 4,125 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,247 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 251,008 - - - - - - - 1,496,738 - - 21,916 - - - - 2,247 4,125 21,916 - - 251,008 1,496,738 (2,232) 4,393,873 638,244 58,222 760 (251,008) 2,011,673 - - - - - - - - (4,262,646) - - - - - - - - - - (20,569,109) - - - - - - 18,210,000 - - - - - - 2,613,273 - - (4,262,646) - - - 254,164 - (2,232) 131,227 638,244 58,222 760 3,156 2,011,673 13,337 2,202,220 702,864 (131,133) 198,567 - 5,726,286 11,105 $ 2,333,447 $ 1,341,108 $ (72,911) $ 199,327 $ 3,156 $ 7,737,959 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Pleasant Community CASAD Nestle TIF Center Road Development Mossman East TIF Major Bridge II Bond Construction Argo Drain Corporation Drain 151,522 $ 1,587,185 $ 286,605 $ - $ - $ - $ - $ - - - - - - - - 334,900 - - - - - - - - - - - - - - - - - - - 3,175 - 1,647 64,308 1,146 220,867 148 154,697 1,922,085 288,252 64,308 1,146 220,867 148 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 66,357 1,003,495 - 1,763,159 - 624,222 - - - - - - - - 66,357 1,003,495 - 1,763,159 - 624,222 - 88,340 918,590 288,252 (1,698,851) 1,146 (403,355) 148 - - - - - - - (237,376) - (80,000) - - - - - - - - - - - - - - - - - - - - - - - - - (237,376) - (80,000) - - - - (149,036) 918,590 208,252 (1,698,851) 1,146 (403,355) 148 610,808 3,293,213 243,499 1,928,299 149,257 956,320 19,218 461,772 $ 4,211,803 $ 451,751 $ 229,448 $ 150,403 $ 552,965 $ 19,366 $ 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, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Parking Tax Woodburn Lincoln Uniroyal Garage Abatement Industrial Industrial Goodrich GM 2015 GM 2015B Bond of 2001 Development TIF TIF TIF General Account Bond - $ - $ 13,685 $ 181,271 $ 141,369 $ 806,424 $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - 49 54,778 11 1,670 186 1,329 1,183 49 54,778 13,696 182,941 141,555 807,753 1,183 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 265,000 24,783 - - - - - 26,665 - - - - - - - - - 13,260 130,000 127,675 - - - - - - - - - 24,783 - 13,260 130,000 127,675 - 291,665 (24,734) 54,778 436 52,941 13,880 807,753 (290,482) - - - - - - 300,000 - - - - - (700,000) - - - - - - - - - - - - - - - - - - - - - - - - - - - (700,000) 300,000 (24,734) 54,778 436 52,941 13,880 107,753 9,518 24,751 649,400 211 245,850 60,109 299,006 139,433 17 $ 704,178 $ 647 $ 298,791 $ 73,989 $ 406,759 $ 148,951 $ 136 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Nestle II Bond GM GM 2015A GM 2015A Nestle II Principal and GM 2015B Supplemental Bond Reserve Account Reserve Account Interest Account Reserve Account TIF - $ - $ - $ - $ - $ 65,073 $ - - - - - - - - - - - - - - - - - - - - - - - - 2,782 1,180 - 323 1,783 129 2,782 1,180 - 323 1,783 65,202 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 800,000 - - - - - 74,538 - - 79,468 - - - - - - - - - - - 500 - - - - - - - - 874,538 - - 79,968 - - (871,756) 1,180 - (79,645) 1,783 65,202 550,311 - - 80,000 - - - - - - - - - - - - - - - - - - - - - - - - - - 550,311 - - 80,000 - - (321,445) 1,180 - 355 1,783 65,202 396,646 153,659 89 39,926 232,204 2,699 75,201 $ 154,839 $ 89 $ 40,281 $ 233,987 $ 67,901 $ 137 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Bluffton Jackson Vera Bradley Little River Bandalier Road East Brookwood Oak Crossing Industrial TIF Joint Drain TIF TIF TIF TIF TIF 180,225 $ - $ 109,304 $ 188,834 $ - $ 391,931 $ - $ - 93,548 - - - - - - - - - - - - - - - - - - - - - - - - - - 93 2,347 126 930 - 431 - 180,318 95,895 109,430 189,764 - 392,362 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 24,267 - - - - - - 24,267 - - - - - 180,318 71,628 109,430 189,764 - 392,362 - - - - - - - - (12,369) - - - (61,932) - (88,379) - - - - - - - - - - - - - - - - - - - - - (12,369) - - - (61,932) - (88,379) 167,949 71,628 109,430 189,764 (61,932) 392,362 (88,379) (428,907) 372,120 (217,621) (1,219,208) 61,932 (774,263) 88,379 (260,958) $ 443,748 $ (108,191) $ (1,029,444) $ - $ (381,901) $ - $ 138 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Allen County Zubric Zubric Woodburn LOIT Redevelopment Sur/Wheel Road Road Coverdale US 24 Special Capital Tax Bridge TIF II TIF TIF TIF Distribution - $ - $ 32,770 $ 16,530 $ 138,858 $ 35,853 $ - $ - - - - - - - - 1,554,454 - - - - 4,090,034 - - - - - - - - - - - - - - 322,213 19,266 158 206 - 118 21,101 322,213 1,573,720 32,928 16,736 138,858 35,971 4,111,135 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 60,904 1,021,325 - - 141,957 - - - - - - - - - 60,904 1,021,325 - - 141,957 - - 261,309 552,395 32,928 16,736 (3,099) 35,971 4,111,135 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 261,309 552,395 32,928 16,736 (3,099) 35,971 4,111,135 6,471,522 1,821,050 (4,854) 21,020 72,534 - - 6,732,831 $ 2,373,445 $ 28,074 $ 37,756 $ 69,435 $ 35,971 $ 4,111,135 $ 139 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2016 (Continued) Revenues: Taxes Special assessments 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): Transfers in Transfers out Payment to refunded bond escrow agent Bond proceeds Bond premium Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Juvenile Dupont Stonebridge Jail Justice Center Corner Business Park Building Building TIF Project Corporation Corporation Totals 1,925 $ 10,474 $ - $ - $ 19,046,500 $ - - - - 1,348,122 - - - - 32,416,512 - - - - 10,526,897 - - - - 2,690,606 - 1,038,117 59 127 2,499,823 1,925 1,048,591 59 127 68,528,460 - - - - 4,366,604 - - - - 20,344,937 - - - - 14,850,852 - - - - 90,597 - - - - 35,969 - - - - 6,043,966 - - - - 136,977 - - 1,625,000 2,305,000 4,995,000 - - 164,680 168,113 538,247 - - 169,779 - 420,787 - - - - 6,449,592 - - - - 46,183 - - 1,959,459 2,473,113 58,319,711 1,925 1,048,591 (1,959,400) (2,472,986) 10,208,749 - - 1,789,680 2,472,966 5,534,207 - - - - (6,337,735) - - (7,746,219) - (28,315,328) - - 7,545,000 - 25,755,000 - - 368,134 - 2,981,407 - - 1,956,595 2,472,966 (382,449) 1,925 1,048,591 (2,805) (20) 9,826,300 - - - 6,708 20 60,056,397 1,925 $ 1,048,591 $ 3,903 $ - $ 69,882,697 $ 140 ---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 7,393,710 $ 463,136 $ 50,934 $ 312,465 $ 407,806 $ 8,628,051 $ Investments 275,050 73,709 - 34,156 45,923 428,838 Interest receivable 1,674 405 - 187 252 2,518 Accounts receivable (net of allowance) - 7,194 - - 65,134 72,328 Total assets 7,670,434 544,444 50,934 346,808 519,115 9,131,735 Liabilities Current liabilities: Accounts payable 335,803 7,893 33,662 2,950 77,201 457,509 Incurred but not reported claims 1,023,724 - - - - 1,023,724 Total liabilities 1,359,527 7,893 33,662 2,950 77,201 1,481,233 Net Position Unrestricted 6,310,907 536,551 17,272 343,858 441,914 7,650,502 Total net position 6,310,907 $ 536,551 $ 17,272 $ 343,858 $ 441,914 $ 7,650,502 $ ALLEN COUNTY COMBINING STATEMENT OF NET POSITION - INTERNAL SERVICE FUNDS December 31, 2016 141 ---PAGE BREAK--- County Workmans Self-Insurance Vehicle Liability Compensation Internal Health Self-Insurance Insurance Self-Insurance Reimbursement Totals Operating revenues: Miscellaneous - $ - $ 24,177 $ 16,724 $ 2,989 $ 43,890 $ Employee/employer contributions 12,987,650 413,279 400,000 609,500 949,536 15,359,965 Total operating revenues 12,987,650 413,279 424,177 626,224 952,525 15,403,855 Operating expenses: Insurance claims and expenses 11,727,077 278,322 406,130 704,278 895,225 14,011,032 Operating income (loss) 1,260,573 134,957 18,047 (78,054) 57,300 1,392,823 Nonoperating revenues: Interest and investment revenue 20,740 3,924 - 1,783 2,602 29,049 Change in net position 1,281,313 138,881 18,047 (76,271) 59,902 1,421,872 Total net position - beginning 5,029,594 397,670 (775) 420,129 382,012 6,228,630 Total net position - ending 6,310,907 $ 536,551 $ 17,272 $ 343,858 $ 441,914 $ 7,650,502 $ ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION - INTERNAL SERVICE FUNDS For The Year Ended December 31, 2016 142 ---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 12,987,650 $ 423,119 $ 400,000 $ 609,500 $ 959,668 $ 15,379,937 $ Payments to suppliers (11,996,514) (307,464) (393,958) (701,328) (893,360) (14,292,624) Other receipts - - 24,177 16,724 2,989 43,890 Net cash provided (used) by operating activities 991,136 115,655 30,219 (75,104) 69,297 1,131,203 Cash flows from investing activities: Proceeds from sales and maturities of investments 109,073 68,844 - 45,877 51,833 275,627 Purchase of investments (275,050) (73,709) - (34,156) (45,923) (428,838) Interest received 19,652 3,890 - 1,843 2,629 28,014 Net cash provided (used) by investing activities (146,325) (975) - 13,564 8,539 (125,197) Net increase (decrease) in cash and cash equivalents 844,811 114,680 30,219 (61,540) 77,836 1,006,006 Cash and cash equivalents, January 1 6,548,899 348,456 20,715 374,005 329,970 7,622,045 Cash and cash equivalents, December 31 7,393,710 $ 463,136 $ 50,934 $ 312,465 $ 407,806 $ 8,628,051 $ Reconciliation of operating income (loss) to net cash provided (used) by operating activities: Operating income (loss) 1,260,573 $ 134,957 $ 18,047 $ (78,054) $ 57,300 $ 1,392,823 $ Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: Decrease in assets: Accounts receivable - 9,840 - - 10,132 19,972 Increase (decrease) in liabilities: Accounts payable 27,413 (29,142) 12,172 2,950 1,865 15,258 Incurred but not reported claims (296,850) - - - - (296,850) Total adjustments (269,437) (19,302) 12,172 2,950 11,997 (261,620) Net cash provided (used) by operating activities 991,136 $ 115,655 $ 30,219 $ (75,104) $ 69,297 $ 1,131,203 $ ALLEN COUNTY COMBINING STATEMENT OF CASH FLOWS - INTERNAL SERVICE FUNDS For The Year Ended December 31, 2016 143 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- AGENCY FUNDS December 31, 2016 Tax Sale Tax Sale Assets Redemption Surplus Court Fees Inheritance Tax Cash and cash equivalents 86,476 $ 3,040,379 $ 54,469 $ 368 $ Receivables: Accounts - - 53,701 - Taxes - - - - Intergovernmental - - - - Total receivables - - 53,701 - Investments at fair value: U.S. Government securities - - - - Total assets 86,476 $ 3,040,379 $ 108,170 $ 368 $ Liabilities Payroll withholdings payable - $ - $ - $ - $ Intergovernmental payable - - 108,170 368 Trust payable 86,476 3,040,379 - - Total liabilities 86,476 $ 3,040,379 $ 108,170 $ 368 $ 144 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- AGENCY FUNDS December 31, 2016 (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 3,050 $ 1,490,519 $ - $ 256,186 $ 84,134 $ 117,216 $ 36,778 $ 21,093 $ - - - 41,024 - - - - - - 21,205,243 - - - - - - - 2,878,710 - - - - - - - 24,083,953 41,024 - - - - - - - - 12,205 - - - 3,050 $ 1,490,519 $ 24,083,953 $ 297,210 $ 96,339 $ 117,216 $ 36,778 $ 21,093 $ - $ - $ - $ 297,210 $ - $ - $ - $ - $ - - - - - - - - 3,050 1,490,519 24,083,953 - 96,339 117,216 36,778 21,093 3,050 $ 1,490,519 $ 24,083,953 $ 297,210 $ 96,339 $ 117,216 $ 36,778 $ 21,093 $ 145 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- AGENCY FUNDS December 31, 2016 (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 3,372,853 $ 47,163 $ 28,438 $ 2,044 $ 6,568,952 $ 15,210,118 $ - - - - - 94,725 - - - - 12,073,242 33,278,485 - - - - - 2,878,710 - - - - 12,073,242 36,251,920 - - - - - 12,205 3,372,853 $ 47,163 $ 28,438 $ 2,044 $ 18,642,194 $ 51,474,243 $ - $ - $ - $ - $ - $ 297,210 $ - - - - - 108,538 3,372,853 47,163 28,438 2,044 18,642,194 51,068,495 3,372,853 $ 47,163 $ 28,438 $ 2,044 $ 18,642,194 $ 51,474,243 $ 146 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES- AGENCY FUNDS December 31, 2016 Tax Sale Tax Sale Inheritance Tax Redemption Surplus Court Fees Tax Bid Bond Surplus Tax Distribution Assets: Cash and Cash Equivalents, January 1 98,623 $ 2,068,970 $ 57,200 $ 368 $ 1,550 $ 1,399,554 $ - $ Additions 2,392,749 3,443,032 816,462 1,588 3,000 1,860,843 336,713,352 Deductions (2,404,896) (2,471,623) (819,193) (1,588) (1,500) (1,769,878) (336,713,352) Cash and Cash Equivalents, December 31 86,476 3,040,379 54,469 368 3,050 1,490,519 - Investments, January 1 - - - - - - - Additions - - - - - - - Deductions - - - - - - - Investments, December 31 - - - - - - - Taxes Receivable, January 1 - - - - - - 23,747,705 Additions - - - - - - 121,652,717 Deductions - - - - - - (124,195,179) Taxes Receivable, December 31 - - - - - - 21,205,243 Accounts Receivable, January 1 - - 58,776 - - - - Additions - - 870,163 - - - - Deductions - - (875,238) - - - - Accounts Receivable, December 31 - - 53,701 - - - - Intergovernmental Receivable, January 1 - - - - - - 2,702,579 Additions - - - - - - 2,882,010 Deductions - - - - - - (2,705,879) Intergovernmental Receivable, December 31 - - - - - - 2,878,710 Total Assets, December 31 86,476 $ 3,040,379 $ 108,170 $ 368 $ 3,050 $ 1,490,519 $ 24,083,953 $ Liabilities: Payroll Withholdings, January 1 - $ - $ - $ - $ - $ - $ - $ Additions - - - - - - - Deductions - - - - - - - Payroll Withholdings, December 31 - - - - - - - Intergovernmental Payable, January 1 - - 115,976 368 - - - Additions - - 870,163 1,588 - - - Deductions - - (877,969) (1,588) - - - Intergovernmental Payable, December 31 - - 108,170 368 - - - Trust Payable, January 1 98,623 2,068,970 - - 1,550 1,399,554 26,450,284 Additions 2,392,749 3,443,032 - - 3,000 1,860,843 461,248,079 Deductions (2,404,896) (2,471,623) - - (1,500) (1,769,878) (463,614,410) Trust Payable, December 31 86,476 3,040,379 - - 3,050 1,490,519 24,083,953 Total Liabilities, December 31 86,476 $ 3,040,379 $ 108,170 $ 368 $ 3,050 $ 1,490,519 $ 24,083,953 $ 147 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES- AGENCY FUNDS December 31, 2016 (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 (13,437) $ 79,832 $ 112,040 $ 49,382 $ 19,904 $ 3,558,250 $ 37,537 $ 990,710 $ 45,249,371 16,507 1,423,102 1,155,600 21,093 42,004,806 427,303 229,800 (44,979,748) (12,205) (1,417,926) (1,168,204) (19,904) (42,190,203) (417,677) (1,192,072) 256,186 84,134 117,216 36,778 21,093 3,372,853 47,163 28,438 - 15,773 - - - - - - - 12,205 - - - - - - - (15,773) - - - - - - - 12,205 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 25,287 - - - - - - - 314,053 - - - - - - - (298,316) - - - - - - - 41,024 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 297,210 $ 96,339 $ 117,216 $ 36,778 $ 21,093 $ 3,372,853 $ 47,163 $ 28,438 $ 11,850 $ - $ - $ - $ - $ - $ - $ - $ 45,563,424 - - - - - - - (45,278,064) - - - - - - - 297,210 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 95,605 112,040 49,382 19,904 3,558,250 37,537 990,710 - 28,712 1,423,102 1,155,600 21,093 42,004,806 427,303 229,800 - (27,978) (1,417,926) (1,168,204) (19,904) (42,190,203) (417,677) (1,192,072) - 96,339 117,216 36,778 21,093 3,372,853 47,163 28,438 297,210 $ 96,339 $ 117,216 $ 36,778 $ 21,093 $ 3,372,853 $ 47,163 $ 28,438 $ 148 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES- AGENCY FUNDS December 31, 2016 (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 5,841 $ 7,467,232 $ 15,933,556 $ 176,015 417,124,465 853,059,088 (179,812) (418,022,745) (853,782,526) 2,044 6,568,952 15,210,118 - - 15,773 - - 12,205 - - (15,773) - - 12,205 - 12,145,190 35,892,895 - 369,089,207 490,741,924 - (369,161,155) (493,356,334) - 12,073,242 33,278,485 - - 84,063 - - 1,184,216 - - (1,173,554) - - 94,725 - - 2,702,579 - - 2,882,010 - - (2,705,879) - - 2,878,710 2,044 $ 18,642,194 $ 51,474,243 $ - $ - $ 11,850 $ - - 45,563,424 - - (45,278,064) - - 297,210 - - 116,344 - - 871,751 - - (879,557) - - 108,538 5,841 19,612,422 54,500,672 176,015 786,213,672 1,300,627,806 (179,812) (787,183,900) (1,304,059,983) 2,044 18,642,194 51,068,495 2,044 $ 18,642,194 $ 51,474,243 $ 149 ---PAGE BREAK--- OTHER REPORTS In addition to this report, other reports may have been issued for the County. All reports can be found on the Indiana State Board of Accounts’ website: http://www.in.gov/sboa/. 150