Document Allencounty_doc_f1e9992335

ALLEN COUNTY GOVERNMENT Fort Wayne, Indiana ANNUAL FINANCIAL REPORT For The Year Ended December 31, 2020 B57996 FILED 12/09/2021 ---PAGE BREAK--- TABLE OF CONTENTS Description Page Schedule of Officials 3 Independent Auditor's Report 4-7 Management's Discussion and Analysis 8-18 Basic Financial Statements and Accompanying Notes: Government-Wide Financial Statements: Statement of Net Position 20 Statement of Activities 21 Fund Financial Statements: Balance Sheet – Governmental Funds 22 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds 23 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities 24 Statement of Net Position – Proprietary Funds 25 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds 26 Statement of Cash Flows – Proprietary Funds 27 Statement of Fiduciary Net Position – Fiduciary Funds 28 Statement of Changes in Fiduciary Net Position – Fiduciary Funds 29 Notes to Financial Statements 30-83 Required Supplementary Information: Schedules of Changes in the County’s Net Pension Liability and Related . 84-87 Schedules of County 88-89 Schedules of Investment 90-91 Schedule of Proportionate Share of Net Pension Liability and Related Ratios – INPRS (PERF) 92 Schedule of Employer Contributions – INPRS 93 Schedule of Changes in the County’s Net Other Post-Employment Benefits Liabilities and Related Ratios 94 Budgetary Comparison Schedules – General Fund and Major Special Revenue Funds 95 Budget/GAAP Reconciliation 96 Notes to Required Supplementary Information 97 Supplementary Information: Non-Major Governmental Funds: Combining Balance Sheet – Non-Major Governmental Funds 98-133 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Non-Major Governmental Funds 134-160 Non-Major Proprietary Funds: Combining Statement of Net Position – Internal Service Funds 161 Combining Statement of Revenues, Expenses, and Changes in Net Position – Internal Service Funds 162 Combining Statement of Cash Flows – Internal Service Funds 163 1 ---PAGE BREAK--- TABLE OF CONTENTS (Continued) Non-Major Fiduciary Funds: Combining Statement of Fiduciary Net Position – Custodial Funds 164-167 Combining Statement of Changes in Fiduciary Net Position – Custodial Funds 168-171 Other 172 2 ---PAGE BREAK--- SCHEDULE OF OFFICIALS Office Official Term County Auditor Nicholas D. Jordan 01-19-17 to 12-31-22 County Treasurer William F. Royce 01-01-17 to 12-31-24 Clerk of the Circuit Court Christopher M. Nancarrow 01-01-19 to 12-31-22 County Sheriff David J. Gladieux 01-01-15 to 12-31-22 County Recorder Anita A. Mather 01-01-15 to 12-31-22 Circuit Court Judge Honorable Thomas J. Felts 01-01-15 to 12-31-20 Honorable Wendy W. Davis 01-01-21 to 12-31-24 Superior Court Judge Honorable Andrea Trevino 01-01-15 to 12-31-24 President of the Board of County Commissioners Therese M. Brown 01-01-20 to 12-31-20 Richard E. Beck 01-01-21 to 12-31-21 President of the County Council Joel M. Benz 01-01-20 to 12-31-20 Kyle A. Kerley 01-01-21 to 12-31-21 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 discretely presented component unit, each major fund, and the aggregate remaining fund information of Allen County (County), as of and for the year ended December 31, 2020, and the related notes to the financial statements, which collectively comprise the County's basic financial state- ments as listed in the Table of Contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presen- tation of the financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of the Allen County Public Library (Library), a component unit of the County as described in Note 1, which represents 100 percent, 100 percent, and 100 percent, respectively, of the total assets, net position, and revenues of the discretely presented component unit. Those state- ments were audited by other auditors whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for the Library, is based solely on the report of the other auditors. 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 disclo- sures 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. 4 ---PAGE BREAK--- INDEPENDENT AUDITOR'S REPORT (Continued) We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Basis for Qualified Opinion on the Discretely Presented Component Unit The County has not included the Southwest Allen County Fire District as a discretely presented component unit in the County's financial statements, as required by accounting standards generally accepted in the United States of America. The amount by which this departure would affect the assets, deferred outflows of resources, liabilities, deferred inflows of resources, net position, revenues, and expenses of the County's aggregate discretely presented component units has not been determined. Basis for Qualified Opinion on the Aggregate Remaining Fund Information The County has not included a receivable for property taxes to be levied in the subsequent calendar year due to other governmental units in the fiduciary funds. The County also has not included a receivable for Unified Local Income Taxes (LIT), Excise Taxes, and Financial Institution Taxes due to other govern- mental units in the fiduciary funds. The amount by which this departure would affect assets, liabilities, and deferred inflows of resources has not been determined. Qualified Opinions In our opinion, based on our audit and the report of other auditors, except for the effects of the matter described in the Basis for Qualified Opinion on the Discretely Presented Component Unit and Basis for Qualified Opinion on the Aggregate Remaining Fund Information paragraphs, the financial statements referred to above present fairly, in all material respects, the respective financial position of the discretely presented component units and the aggregate remaining fund information of the County, as of December 31, 2020, and the respective changes in financial position and cash flows, where applicable, thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Unmodified Opinions In our opinion, based on our audit and the report of the other auditors, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, and each major fund of the County, as of December 31, 2020, 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. 5 ---PAGE BREAK--- INDEPENDENT AUDITOR'S REPORT (Continued) 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 Changes in the County's Net Other Post-Employment Benefits, Budgetary Comparison Schedule - General Fund and Major Special Revenue Funds, and Budget/GAAP Reconciliation, as listed in the Table of Contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We and other auditors have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other know- ledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collec- tively comprise the County's basic financial statements. The accompanying Combining Balance Sheet - Non-Major Governmental Funds, Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-Major Governmental Funds, Combining Statement of Net Position - Internal Services Funds, Combining Statement of Revenues, Expenses, and Changes in Net Position - Internal Service Funds, Combining Statement of Cash Flows - Internal Service Funds, Combining Statement of Fiduciary Net Position - Custodial Funds, and Combining Statement of Changes in Fiduciary Net Position - Custodial Funds are presented for purposes of additional analysis and are not a required part of the basic financial statements. The Combining Balance Sheet - Non-Major Governmental Funds, Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-Major Governmental Funds, Combining Statement of Net Position - Internal Service Funds, Combining Statement of Revenues, Expenses, and Changes in Net Position - Internal Service Funds, Combining Statement of Cash Flows - Internal Service Funds, Combining Statement of Fiduciary Net Position - Custodial Funds, and Combining Statement of Changes in Fiduciary Net Position - Custodial Funds are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial state- ments or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, except for the effects on the supplementary information of the matter described in the Basis for Qualified Opinion on the Aggregate Remaining Fund Information paragraph, the Combining Balance Sheet - Non-Major Governmental Funds, Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-Major Governmental Funds, Combining Statement of Net Position - Internal Service Funds, Combining Statement of Revenues, Expenses, and Changes in Net Position - Internal Service Funds, Combining Statement of Cash Flows - Internal Service Funds, Combining Statement of Fiduciary Net Position - Custodial Funds, and Combining Statement of Changes in Fiduciary Net Position - Custodial Funds are fairly stated, in all material respects, in relation to the basic financial statements as a whole. 6 ---PAGE BREAK--- INDEPENDENT AUDITOR'S REPORT (Continued) Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated November 23, 2021, on our consideration of the County's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the County's internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the County's internal control over financial reporting and compliance. Paul D. Joyce, CPA State Examiner November 23, 2021 7 ---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, 2020. 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 2020 by $530.5 million (total net position), an increase of $28.3 million, 5.6 percent, over the restated beginning total net position of $502.2 million. Beginning total net position was restated down $14.7 million to properly reflect deferred inflows of taxes. Of this amount, $88.9 million (unrestricted net position) may be used to meet the County’s ongoing obligations to citizens, $24.1 million is restricted for debt service and other specific purposes (restricted net positi on), and $417.5 million is invested in capital assets, net of related debt.  The total net position of the County’s governmental activities increased by $29.3 million or 6.4 percent over the restated beginning 2020 net position. This is primarily the result of a net $13.6 million increase in cash and investments and $6 million in capital assets; coupled with decreases of $3.4 million and $5.6 million in bonds payable and net pension and OPEB liabilities on the liability side. Deferred outflows increased $3.1 million primarily for deferred OPEB obligations. Deferred inflows increased $117.9 million due to a change in treatment of property and income tax receivables of which all but $3.1 million is offset in taxes receivable, this remaining portion being pension related. The total net position of the County’s business activities decreased by $1 million or 2.1 percent. The Coliseum had decreases across the board. With minimal events because of COVID-19, almost all restricted assets except taxes receivable dropped. The $6.3 million drop in assets and deferred outflows was partially offset by $5.4 million decrease in liabilities and deferred inflows mainly due to regularly scheduled debt service payments and less ticket office deposits payable.  At the end of 2020, the County’s governmental funds reported a combined ending fund balance of $166.9 million, an increase of $17.8 million or 12 percent over 2019. In accordance with GASB 54 the total Fund Balance is broken down as $1 million Nonspendable, $72.8 million as Restricted, $31.9 million Committed, $19.7 million Assigned, and $41.5 million as Unassigned.  At the end of 2020, the unassigned fund balance for the General Fund was $49.2 million or 45.7 percent of the 2020 General Fund expenditures.  During 2020, the County’s total debt decreased by $6.3 million or 13 percent. The decrease is attributed to regularly scheduled debt service payments.  While COVID-19 did wreak havoc on many aspects of the economy, Allen County government was fortunate to not have experienced significant negative financial aspects. The Allen County War Memorial Coliseum saw the largest negative financial impact, but that was more than offset by the over $12 million in CARES Act revenue the County received. 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 8 ---PAGE BREAK--- net position. Total net position is then broken down between governmental and business-type activities. Over time, increases or decreases in net position will show the fluctuation in the County’s financial position. The statement of activities presents information on all of the County’s revenues and expenses, showing how the County’s general expenses less the program revenues equal net expenses for the most recent fiscal year. General revenues are then subtracted from net expenses to get the change in net position. All of the current year’s revenues and expenses are taken into account regardless of when the cash is received or paid. Thus, revenues and expenses are reported in this statement for some items that will result in cash flows in future fiscal periods uncollected taxes and earned but unused vacation leave). Both of these government-wide financial statements distinguish functions of the County that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or in part a portion of their costs through user fees and charges (business-type activities). The governmental activities include general government, public safety, public highways and facilities, health and sanitation, economic development, and recreation. The business-type activities of the County include the Allen County War Memorial Coliseum. Component units are included in our basic financial statements according to GASB 61 and consist of legally separate entities for which the County is financially accountable and that have substantially the same board as the County or provide services entirely to the County. As example: the Allen County Jail Building Corporation was established for the sole purpose of financing the jail facility. The Building Corporation is a 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 Council if certain thresholds are met under Indiana Law. The government-wide financial statements can be found on pages 20 and 21 of this report. Fund Financial Statements are groupings of related accounts that are used to maintain control over resources that have been segregated for specific activities or objectives. Certain funds are required to be established by State Statute and by bond covenants, while others are adopted to help administer monies set aside for a limited purpose. The County, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance related legal requirements. All of the funds of the County can be divided into three categories: governmental funds, proprietary funds and fiduciary funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements use modified accrual method of accounting which focuses on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. This information may be useful in evaluating the County’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. This comparison will make it easier to understand the long-term impact of the county’s near-term financing decisions. Both the governmental funds balance sheet and the governmental funds statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The County maintains approximately 250 individual governmental funds. Information is presented separately in the governmental funds balance sheet and in the governmental funds statement of revenues, expenditures, and changes in fund balances for the General Fund, Rainy Day Fund, and the Local Income Tax Economic Development Fund (LIT Economic Development). The governmental funds financial statements can be found on pages 22 through 24 of this report. Proprietary funds are maintained two ways. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The County uses 9 ---PAGE BREAK--- enterprise funds to account for the Allen County War Memorial Coliseum. Internal Service funds are an accounting device used to accumulate and allocate cost internally among the County’s various functions. The County uses internal service funds to account for its costs associated with group health insurance, workers compensation, liability/vehicle expenses, telephones/internet, printing, and other office supplies. Because these services predominantly benefit governmental rather than business-type functions, they have been included within governmental activities in the government-wide financial statements. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The Allen County War Memorial Coliseum is considered to be a major fund of the County and is shown separately. The County’s internal service funds are combined into a single, aggregated presentation in the proprietary fund financial statements. The proprietary funds financial statements can be found on pages 25 through 27 of this report. Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the County’s own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. The County has two types of fiduciary funds: Pension Trust and Custodial funds (which are clearing accounts for assets held by the County in its role as custodian until the funds are allocated to the private parties, organizations, or government agencies to which they belong). The fiduciary funds financial statements can be found on pages 28 and 29 of this report. Notes to the Basic Financial Statements provide additional information that is essential to a full understanding of the data provided in the government-wide financial statements and the fund financial statements. The notes can be found on pages 30 through 83 of this report. Required Supplementary Information is presented concerning the County’s General Fund Budgetary Schedule, Schedules of Changes in the County’s Net Pension and OPEB Liabilities and Related Ratios, Schedules of County Contributions, and Schedules of Investment Returns. The County adopts an annual appropriated budget for its General Fund. A Budgetary Comparison Schedule has been provided for the General Fund and Major Special Revenue Funds to demonstrate compliance with their budgets. The Schedules of Changes in the County’s Net Pension and OPEB Liabilities and Related Ratios, Schedules of County Contributions and Schedules of Investment Returns, Schedule of Proportionate Share Net Pension Liability and Related Ratios, and Schedule of Employer Contributions have been provided to present Allen County’s progress in funding its obligation to provide post-employment benefits to County employees. Required supplementary information can be found on pages 84 through 97 of this report. 10 ---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 $530.5 million at the close of 2020, further improving the solid financial position of the County albeit COVID-19. The largest portion of the County’s total net position (total assets less total liabilities) is its investment in capital assets of $417.5 million or 78.7 percent. The capital assets increased $25 million or 6.4 percent from 2019 due to new infrastructure. Capital assets include land, construction in progress, buildings and improvements, machinery and equipment, infrastructure, intangible assets and net investment in joint venture, less any outstanding debt used to acquire these assets. These assets are designated as invested in capital assets because they are used to provide the everyday services citizens of the County expect; they are not liquid and are not available for future spending. The debt associated with these capital assets must be paid from sources other than the capital assets themselves. The remainder of the County’s total net position is designated as either restricted or unrestricted. The restricted portion, increased $13.4 million or 125.3 percent, is funds that are subject to an external restriction and cannot be spent on general daily operations. The unrestricted portion of the total net position decreased $10.1 million or 10.2 percent. The changes in restricted and unrestricted were due to a classification change of approximately $15.5 million used to pay debt service that were previously included in unrestricted. As was previously touched on in the Financial Highlights section, cash and cash equivalents increased $32 million and was partially offset due to the decrease of $18.5 million in investments. Bonds payable decreased $6.3 million due to regularly scheduled debt service and while net pension liability decreased $9.7 million the net OPEB liability increased $4.1 million. Deferred outflows increased $3 million for OPEB benefits and deferred inflows increased $117.9 million. The increase in deferred inflows is due to the $129.6 million of unavailable revenue or taxes receivable. For year-end 2020, the County considered its 2021 Property Tax Levy and 2021 Income Tax Certifications as unavailable revenue, and the offsetting entry is in the Taxes Receivable. This is a change in methodology from prior years as we have never considered the following year tax levy as receivable, but given the Fiscal Body is required to adopt the succeeding year budget, levy and tax rate in the current year it is now considered receivable. The succeeding year Local Income Tax is certified to the County in the fall of the current year and therefore should have also been considered a receivable. The County’s component units showed assets exceeding liabilities by $113.9 million at the end of 2020. Of the total net position, $54.8 million or 48.2% is invested in capital assets less any outstanding debt used to acquire these assets. These assets are designated as invested in capital assets because they are used to provide the everyday services to the users of the component units, these assets are not liquid and are not available for future spending. Similar to the County debt, it must be paid from other funding sources as the capital assets themselves are not liquid, nor can they be. The component units remaining assets were made up of $26.4 million or 23.2% of restricted dollars that are subject to an external restriction and $32.7 million or 28.7% of unrestricted dollars that can be used to provide daily operations for the component units. 2020 2019 2020 2019 2020 2019 2020 2019 Assets 313,722 $ 184,742 $ 11,223 $ 14,878 $ 324,945 $ 199,620 $ 68,777 $ 63,114 $ Capital assets 383,095 377,123 60,506 63,133 443,601 440,256 62,609 65,024 Total assets 696,817 561,865 71,729 78,011 768,546 639,876 131,386 128,138 Deferred Outflows 15,570 12,512 288 348 15,858 12,860 1,152 728 Current liabilities 16,086 10,946 4,747 7,072 20,833 18,018 1,361 7,406 Noncurrent liablilities 63,914 78,242 21,691 24,738 85,605 102,980 15,750 15,949 Total liabilities 80,000 89,188 26,438 31,810 106,438 120,998 17,111 23,355 Deferred Inflows 147,458 29,546 - - 147,458 29,546 1,551 1,346 Net Position 484,929 $ 455,643 $ 45,579 $ 46,549 $ 530,508 $ 502,192 $ 113,876 $ 104,165 $ Invested(Net) in capital assets 381,036 $ 356,107 $ 36,434 $ 36,323 $ 417,470 $ 392,430 $ 54,838 $ 51,236 $ Restricted 15,694 1,795 8,400 8,898 24,094 10,693 26,389 27,554 Unrestricted 88,199 97,741 745 1,328 88,944 99,069 32,649 25,375 Total net position 484,929 $ 455,643 $ 45,579 $ 46,549 $ 530,508 $ 502,192 $ 113,876 $ 104,165 $ Component Units County's Net Position (amounts expressed in thousands) Governmental Business-type Activities Activities Total 11 ---PAGE BREAK--- Governmental activities. Governmental activities account for 91.4 % of the County’s total net position as of December 31, 2020. Expenses and Program Revenues – Governmental Activities 2020 2019 2020 2019 2020 2019 2020 2019 Revenues: Program revenues: Charges for services 23,286 $ 26,031 $ 2,810 $ 6,235 $ 26,096 $ 32,266 $ 218 $ 432 $ Operating grants and contributions 46,206 33,447 - - 46,206 33,447 2,581 3,341 Capital grants and contributions 1,368 2,877 - - 1,368 2,877 - - General Revenue: Property taxes 81,400 77,326 - - 81,400 77,326 28,528 27,725 LIT Econ Development 12,192 11,281 - - 12,192 11,281 - - LIT Cert Shares and Public Safety 19,540 18,980 - - 19,540 18,980 5,192 3,893 Excise/Commercial Veh taxes 6,744 6,872 - - 6,744 6,872 - - Franchise taxes - 413 - - - 413 - - Drainage Assessments 1,302 - - - 1,302 - - - Other taxes 8,000 8,073 - - 8,000 8,073 2,578 2,602 Food and beverage taxes - - 1,746 2,901 1,746 2,901 - - Sports and convention taxes - - 2,455 2,051 2,455 2,051 - - Unrestricted investment earnings 1,567 4,627 16 243 1,583 4,870 194 598 Misc and refund and reimburse 3,387 2,017 - - 3,387 2,017 860 1,206 Total Revenues 204,992 191,944 7,027 11,430 212,019 203,374 40,151 39,797 Expenses: General government 51,680 51,007 - - 51,680 51,007 - - Public safety 77,236 71,894 - - 77,236 71,894 - - Highways and streets 22,352 28,053 - - 22,352 28,053 - - Sanitation 2,202 1,733 - - 2,202 1,733 - - Economic development 16,816 15,186 - - 16,816 15,186 - - Health and welfare 14,608 13,997 - - 14,608 13,997 - - Culture and recreation 3,008 726 - - 3,008 726 - - Coliseum - - 8,006 11,613 8,006 11,613 - - Allen County Public Library - - - - - - 30,440 31,149 Total expenses 187,902 182,596 8,006 11,613 195,908 194,209 30,440 31,149 Change in net position before: 17,090 9,348 (979) (183) 16,111 9,165 9,711 8,648 Contributed capital 12,196 9,586 - 18 12,196 9,604 - - Gain(Loss) on disposal of assets - - 9 1 9 1 - - Change in net position 29,286 18,934 (970) (164) 28,316 18,770 9,711 8,648 Net position- beginning 470,386 451,452 46,549 46,713 516,935 498,165 104,165 95,517 Prior period Adj- Note III.F (14,743) - - - (14,743) - - - Net position- beginning(restate) 455,643 451,452 46,549 46,713 502,192 498,165 104,165 95,517 Net position- ending 484,929 $ 470,386 $ 45,579 $ 46,549 $ 530,508 $ 516,935 $ 113,876 $ 104,165 $ Component Units Total (Amounts expressed in thousands) Allen County Changes in Net Position Governmental Activities Business-type Activities 12 ---PAGE BREAK--- Revenues by Source – Governmental Activities Expenses by Function/Program – Governmental Activities - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation 51,680 77,236 22,352 2,202 16,817 14,609 3,008 23,547 24,418 14,231 1,545 - 6,905 214 (In Thousands) Expenses Revenues Property tax 39.7% LIT Econ Development 5.9% LIT Cert Shares and Public Safety 9.5% Excise/Commercial Vehicle Excise taxes 3.3% Charges for services 11.4% Other taxes 3.9% Drain Assessments 0.6% Unrestricted investment earnings 0.8% Operating grants and contributions 22.5% Capital Grants and Contributions 0.7% Misc and refunds and reimbursements 1.7% General government 27.5% Public safety 41.1% Highways and streets 11.9% Economic development 8.9% Health and welfare 7.8% Culture, Recreation, & Sanitation 2.8% 13 ---PAGE BREAK--- Business-type activities. Business-type activities account for 8.6% of the County’s total net position as of December 31, 2020. 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 $7 million and incurred $8 million of expenses. The total revenues include $2.8 million of program revenue and $4.2 million combined from the Food & Beverage Taxes, Sports & Convention Taxes, and unrestricted investment earnings. Revenues by Source – Business-type Activities Governmental funds. The general government functions are contained in the General, Special revenue, Debt service, and Capital project funds. The focus of the County’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources (modified accrual). Such information is useful in assessing the County’s financing requirements. In accordance with GASB 54 fund balances are classified as such: Nonspendable, Restricted, Committed, Assigned, and Unassigned. The classifications are primarily based on the degree to which the County is bound by constraints on resources reported in the funds. Further detailed information regarding how the County’s resources are allocated into the above-mentioned classifications can be found in Note I, Section D, Subsection 10 of the notes to the financial statements. As of December 31, 2020, the County’s governmental funds reported a combined ending fund balance of $166.9 million, an increase of $17.8 million or 12 percent in comparison over 2019. Assets increased $137.5 million, but $114.8 million of this is the change in taxes receivable methodology. That aside, net cash and investments increased $17.2 million and Local Income Tax Economic Development interfund loans increased $5.2 million. The offsetting interfund loan was the main increase in liabilities along with million increase in accounts payable and an $1 million decrease in accrued payroll. Deferred inflows of resources increased $114.8 million due to now recognizing the 2021 property tax levy and certified income tax distributions as unavailable revenue. Absent this, deferred inflows were relatively unchanged. Approximately $1 million or .6 percent of the combined ending fund balance are assets held for resale and constitute the Nonspendable fund balance. The majority, $72.8 million or 43.6 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 $31.9 million or 19.2 percent of the combined ending fund balance. Assigned resources comprise $19.7 million or 11.8 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 $49.2 million and the overall Unassigned Fund balance at December 31, 2020, was $41.5 million or 24.8%. 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, 2020, approximately $7.7 million of negative Unassigned fund Charges for services 40% Sports and convention tax 34.9% Food and beverage tax 24.8% Unrestricted investment earnings 14 ---PAGE BREAK--- balance was reported in the Other Governmental Funds. With the exception of a very minor amount due to grant reimbursement, this negative Unassigned fund balance is related to Tax Increment Finance (TIF) district infrastructure improvement expenditures that are financed through interfund loans and are being repaid as TIF property tax revenues are collected. The General Fund is the chief operating fund of the County. At December 31, 2020, the combined fund balance of the Assigned and Unassigned classifications in the General Fund was $50.3 million. As a measure of the General Fund liquidity, you can compare the combined fund balance of these classifications to the total expenditures. The General Fund expenditures for fiscal year ended 2020 were $107.6 million. Thus, the amount of resources determined to be readily available for expenditure and not bound to restriction or constraint, represents 46.8 percent of the General Fund expenditures for 2020. This ratio increased from the 2019 ratio of 37.6 percent for the most part because of the over $10 million of CARES act money that went into the General Fund offsetting the approximate $5 million increase in expenses. The General Fund balance increased $14.3 million during fiscal year ended 2020. General Fund revenues exceeded expenditures by $3.8 million with the increase in taxes of $4.5 million or 5.5% being offset by decreases in the other categories. Revenues were almost flat to 2019 with a million decrease. The CARES act money resulted in a net transfer in of $10.5 million. Expenses increased $4.9 million or 4.7% as the General Fund took on operating expenses for the Coliseum due to COVID-19, opening of the Allen County Community Corrections new residential treatment services program and the 27th pay that occurred in 2020. In addition to the General Fund, the County has two other funds that meet the major fund criteria, which are: the County’s Rainy Day Fund and the Local Income Tax Economic Development Fund. The County’s Rainy Day Fund provides stability to government services and programs during an economic downturn and has also been used as a source of internal financing for certain capital purchases in order to avoid external financing related borrowing costs. The County’s Rainy Day Fund was first established in 2004 and has an assigned fund balance of $18 million at the end of 2020. Even though COVID-19 hit during 2020 the Rainy Day Fund’s only activity was the generation of million in revenue, million in expenses and then $2 million of highway project reimbursement transfers in. The LIT Economic Development Fund is primarily used to fund economic development initiatives and the related infrastructure, as well as other general infrastructure improvements throughout the County. The LIT Economic Development Fund had a fund balance of $25.7 million at the end of 2020. This is a $1.2 million or 4.3% percent decrease from 2019 as economic development expenditures of $16.6 million completely exhausted the $13.5 million in revenue as well as the $1.9 million of net transfers in. Other Governmental Funds revenue increased $13.2 or 19.9% million for 2020 but the majority of this was intergovernmental CARES money and transferred out to the General Fund. Taxes and special assessments increased but were almost completely offset by the decrease in charges for service revenue which is understandable given COVID-19. Other Governmental expenditures decreased $6 million or 8.7% driven by decreased expenditures in Highway and Streets of $5 million due to less projects completed in 2020 due to shutdowns from COVID-19. Debt service expenses decreased $1.6 million due to less debt service outstanding as the Jail and two TIF bonds were paid off. Overall the Other Governmental Funds 2020 ending fund balance of $70.3 million increased $2.9 million. In addition to the CARES transfer out already mentioned, $2 million was transferred to the Rainy Day Fund from Highway reimbursement and another $3.9 million was transferred to the County Economic Development Tax Fund for TIF loan reimbursements. 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 million for the Allen County War Memorial Coliseum and $4.3 million for the County’s Internal Service funds. The Coliseum had a net operating loss of $4.3 million and non-operating revenue of $3.4 million resulting in ending total net position of $45.6 million or a $1 million decrease from 2019. The County’s internal service fund is primarily a Health Self-Insurance fund. The 2020 contributions to the Health Self-Insurance fund were approximately $12.8 million and $3.5 million less than the $16.4 million of expenses which ebbed up million from 2019. Ending total net position for Health Self-Insurance was $4.3 million. 15 ---PAGE BREAK--- GENERAL FUND BUDGETARY HIGHLIGHTS The County’s final General Fund budget for 2020 exceeded its original budget by approximately $7 million or 6.5%. The key elements of the difference between the original budget and final budget are listed below:  $3.6 million was for funding the Memorial Coliseum operations since their revenue sources were almost non-existent because of COVID-19  $2.1 million was for funding the new Allen County Community Corrections residential treatment services program. This was previously work release ran by the Sheriff Dept in a different location and the new program needed funding to get up and running. While the new program will generate own-source revenue, General Fund subsidy may still be needed.  $2 million was appropriated for COVID-19 related expenditures amongst all departments but million of this was unspent and encumbered at year-end 2020. Actual expenditures were approximately $6.9 million less than final budgeted appropriations. The significant unspent appropriations primarily consisted of: $4.6 million in salaries and benefits which are related to turnover and unfilled positions throughout various departments with most notable being: 1. Allen County Memorial Coliseum at $1.1 million due to the fact the money was not needed because events didn’t occur 2. Allen County Jail and Juvenile Justice center both at million due to unfilled positions, not needing as much overtime and also using other funding sources $1.3 million in services mainly comprised of unspent funding for contractual items in various departments due to activities not being performed because of COVID-19 and utilities; and a combined $1 million in Supplies and Capital with the majority being unspent Capital monies budgeted but not needed For year-end December 31, 2020, General Fund revenues received were approximately $13.9 million greater than budgeted. Some of the significant contributions to actual revenues exceeding the budgeted figures are:  $12 million in CARES Act revenue from the Federal Government  Collection of approximately $3.4 million more in property, income and vehicle excise taxes  million for licenses and permits with Building leading the way  Charges for services, fines and forfeits and other misc revenue decreased $1.2, and million 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, 2020 was $443.6 million (net of accumulated depreciation), an increase of $3.3 million or .8 percent. This investment in capital assets includes land and easements, infrastructure, construction in progress, buildings and improvements, equipment, intangible assets and net investment in joint venture. 16 ---PAGE BREAK--- 2020 2019 2020 2019 2020 2019 Land and easements 11,461 $ 11,005 $ 381 $ 381 $ 11,842 $ 11,386 $ Construction in progess 23,936 40,482 551 6 24,487 40,488 Buildings and improvements 74,672 74,848 56,371 59,300 131,043 134,148 Machinery and equipment 10,169 11,194 3,203 3,446 13,372 14,640 Infrastructure being depreciated 259,878 236,406 - - 259,878 236,406 Intangible assets 290 326 - - 290 326 Net investment in joint venture 2,689 2,863 - - 2,689 2,863 383,095 $ 377,124 $ 60,506 $ 63,133 $ 443,601 $ 440,257 $ 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 47 through 48 of this report. Long-term debt. At December 31, 2020, the County had total debt outstanding of $41.9 million. Of this amount, $24.4 million of first mortgage bonds, $17.5 million of revenue bonds. 2020 2019 2020 2019 2020 2019 General Obligation Bonds - $ - $ - $ - $ - $ - $ First Mortgage Bonds - 878 24,361 27,158 24,361 28,036 Revenue Bonds 17,557 20,139 - - 17,557 20,139 17,557 $ 21,017 $ 24,361 $ 27,158 $ 41,918 $ 48,175 $ 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 $6.3 million or 13 percent, which is due to regularly scheduled debt service payments. The County currently maintains an Aa2 Underlying rating from Moody’s Investor Services for the Memorial Coliseum first mortgage series 2016, 2014 and 2011. Moody’s provided an Aa1 Underlying rating for the 2016 Maplecrest Bridge Revenue Bonds. The 2015C General Motors Tax Increment Finance bonds have an A1 rating. The Juvenile Justice Center, Jail and 2015 A&B General Motors ratings have been withdrawn as those issuances are no longer outstanding at the time of this analysis. At December 31, 2020 the County had a net pension liability of $32.5 million which is $9.7 million or 23 percent less than the December 31, 2019 net pension liability. This is almost completely indicative of the stock market performance during 2020. The OPEB liability increased $4.1 million or 36.9 percent for the same period and due mainly to the decrease in the 20 yr municipal bond indices used as the discount rate. Deferred outflows of resources related to pensions and OPEB were $14.3 million compared with $17.9 million in deferred inflows of resources related to pensions and OPEB. 17 ---PAGE BREAK--- In addition to the indebtedness noted above, the County also has long-term liabilities for compensated absences totaling $4.6 million at December 31, 2020 compared with $4.1 million at year end 2019. Additional information on the County’s long-term debt can be found in Note III.D on pages 50 through 52 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.  The County was able to fare COVID-19 quite well when it comes to fiscal condition. Not only did the County benefit from Federal CARES Act money, but we also minimized expenses associated with COVID-19. Continued low interest rates further intensified the unprecedented local real estate market. Inventory continues to remain at historic lows and selling prices are substantially above a year ago. Three-year average Net Assessed Value (NAV) growth was 7% from 2018-2020 and the January 1, 2021 assessment date looks to be in this ballpark as well. Through the first quarter of 2021, the local real estate market shows no significant signs of slowdown. With the significant increases in NAV, property tax rates should continue to decrease or remain flat. Property tax revenue should continue to increase in the 3-4% range as higher values mean less circuit breaker tax cap losses. As has been the case almost annually now, the County received another supplemental income tax distribution in early 2020 which is distributed based on our Trust Balance exceeding 15% of the certified distribution amount. Our 2021 certified income tax distribution is 7% higher than 2020 actual and estimated quarterly income tax withholding figures are trending up from 2020 also. The Unemployment rate was around 4.2% in March and much recovered from the beginning of COVID-19. It is anticipated that with vaccines widely available and Federal unemployment subsidies ending the unemployment rate will drop further during 2021 as many local industries are looking for workers.  With the uncertainty of what COVID-19 may bring moving into the rearview, the County is extremely well positioned fiscally. In addition to the CARES Act money, the County is slated to receive another $70+ million from the American Rescue Plan Act (ARPA). This will allow the County to make substantial investments in the community over the next few years that will have exponential effect. We anticipate NAV growth will continue for the 2022 assessment date which implies our 2023 property tax collections should continue to increase. Income tax collections are anticipated to increase for not only 2021 but also 2022, but we do not anticipate as significant supplemental income tax distributions. Long-term obligations are limited given resources available, and the County continues to take a conservative approach in spending. These factors along with others were considered when preparing the County’s budget for the 2021 fiscal year. REQUEST FOR INFORMATION This financial report is designed to provide a general overview of the County’s finances for all of those with an interest in the County’s finances (including the County’s taxpayers, citizens, investors, creditors, and customers). Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Allen County Auditor, 1 East Main Street, Suite 102, Fort Wayne, Indiana 46802-1887 or [EMAIL REDACTED]. 18 ---PAGE BREAK--- BASIC FINANCIAL STATEMENTS AND ACCOMPANYING NOTES The financial statements and accompanying notes were prepared by management of the County. The financial statements and notes are presented as intended by the County. 19 ---PAGE BREAK--- Governmental Business-Type Component Assets Activities Activities Totals Unit Cash and cash equivalents - unrestricted 172,424,522 $ 446,062 $ 172,870,584 $ 45,892,433 $ Investments - unrestricted 4,068,763 9,355 4,078,118 19,127,040 Receivables (net of allowances for uncollectibles): Interest 74,837 181 75,018 64,972 Taxes 129,752,967 - 129,752,967 1,719,295 Accounts 1,081,810 27,543 1,109,353 - Special assessments 41,836 - 41,836 - Intergovernmental 2,557,670 - 2,557,670 1,541,862 Suite - 477,427 477,427 - Other - - - 201,742 Inventories 1,821,426 - 1,821,426 - Prepaid expense 931,892 187,679 1,119,571 230,061 Assets held for resale 966,088 - 966,088 - Restricted assets: Cash and cash equivalents - restricted - 7,879,027 7,879,027 - Cash with fiscal agent - restricted - 7,596 7,596 - Investments - restricted - 144,027 144,027 - Interest receivable - 2,786 2,786 - Taxes receivable - 1,951,539 1,951,539 - Suite receivable - 90,000 90,000 - Capital assets: Land and construction in progress 35,396,613 931,566 36,328,179 5,954,969 Other capital assets, net of depreciation 347,698,108 59,574,854 407,272,962 56,653,736 Total assets 696,816,532 71,729,642 768,546,174 131,386,110 Deferred Outflows of Resources Unamortized loss on refunding 1,296,388 288,272 1,584,660 - Other postemployment benefits related 3,869,704 - 3,869,704 - Pension related 10,404,277 - 10,404,277 1,151,805 Total deferred outflow of resources 15,570,369 288,272 15,858,641 1,151,805 Liabilities Accounts payable 4,598,934 5,093 4,604,027 684,310 Accrued payroll and withholdings payable 3,369,079 - 3,369,079 639,183 Taxes payable - 367 367 - Accrued interest payable - - - 37,899 Incurred but not reported claims 2,149,453 - 2,149,453 - Unearned revenue - 570,279 570,279 - Payable from restricted assets: Accounts payable - 245,184 245,184 - Ticket office customer deposits payable - 948,003 948,003 - First mortgage revenue bonds - due within one year - 2,670,000 2,670,000 - Accrued interest payable 207,188 156,111 363,299 - Noncurrent liabilities: Due within one year: First mortgage general obligation bonds payable - - - 5,315,000 Compensated absences 4,456,755 152,449 4,609,204 148,531 Revenue bonds payable 1,305,000 - 1,305,000 - Due in more than one year: First mortgage general obligation bonds payable (net of discount) - - - 2,302,356 First mortgage revenue bonds payable (net of premium) - 21,690,920 21,690,920 - Compensated absences - - - 742,654 Revenue bonds payable (net of premium/discounts) 16,252,329 - 16,252,329 - Unearned revenue - - - 1,450,110 Net pension liability 32,490,684 - 32,490,684 5,790,398 Net other postemployment benefits liability 15,170,826 - 15,170,826 - Total liabilities 80,000,248 26,438,406 106,438,654 17,110,441 Deferred Inflows of Resources Unavailable Revenue 129,595,412 - 129,595,412 - Other postemployment benefits related 858,908 - 858,908 - Unamortized gain on refunding - - - 153,253 Pension related 17,003,459 - 17,003,459 1,398,118 Total deferred inflows of resources 147,457,779 - 147,457,779 1,551,371 Net position Net investment in capital assets 381,036,326 36,433,772 417,470,098 54,838,096 Restricted for: Capital projects - 7,596 7,596 3,643,391 Debt service 15,544,422 - 15,544,422 5,666,381 Perpetual endowment subject to donor stipulations - - - 10,000,713 Perpetual endowment subject to time restrictions - - - 2,828,805 Other purposes 148,769 8,393,167 8,541,936 4,249,796 Unrestricted 88,199,357 744,973 88,944,330 32,648,921 Total net position 484,928,874 $ 45,579,508 $ 530,508,382 $ 113,876,103 $ The notes to the financial statements are an integral part of this statement. Primary Government ALLEN COUNTY STATEMENT OF NET POSITION December 31, 2020 20 ---PAGE BREAK--- Operating Capital Charges for Grants and Grants and Governmental Business-Type Component Functions/Programs Expenses Services Contributions Contributions Activities Activities Totals Units Primary government: Governmental activities: General government 51,679,760 $ 6,697,287 $ 16,849,306 $ - $ (28,133,167) $ - $ (28,133,167) $ - $ Public safety 77,235,668 11,126,488 13,291,604 - (52,817,576) - (52,817,576) - Highways and streets 22,351,935 393,816 12,469,945 1,367,647 (8,120,527) - (8,120,527) - Sanitation 2,201,679 1,544,602 - - (657,077) - (657,077) - Economic development 16,816,534 - - - (16,816,534) - (16,816,534) - Health and welfare 14,608,476 3,309,260 3,595,363 - (7,703,853) - (7,703,853) - Culture and recreation 3,008,066 214,133 - - (2,793,933) - (2,793,933) - Total governmental activities 187,902,118 23,285,586 46,206,218 1,367,647 (117,042,667) - (117,042,667) - Business-type activities: Coliseum 8,005,691 2,809,779 - - - (5,195,912) (5,195,912) - Total primary government 195,907,809 $ 26,095,365 $ 46,206,218 $ 1,367,647 $ (117,042,667) (5,195,912) (122,238,579) - Component unit: Allen County Public Library 30,439,546 $ 218,250 $ 2,581,278 $ - $ - - - (27,640,018) General revenues: Property taxes 81,400,409 - 81,400,409 28,527,726 LIT economic development 12,191,741 - 12,191,741 - LIT distributive shares 19,539,924 - 19,539,924 5,191,940 Excise/Commercial Vehicle Excise Taxes 6,744,229 - 6,744,229 - Drainage Assessments 1,302,069 - 1,302,069 - Other taxes 7,999,485 - 7,999,485 2,577,863 Food and beverage taxes - 1,746,282 1,746,282 - Sports and convention taxes - 2,455,125 2,455,125 - Unrestricted investment earnings 1,567,253 16,665 1,583,918 193,459 Miscellaneous and refunds and reimbursements 3,386,869 - 3,386,869 860,240 Capital contributions 12,196,248 - 12,196,248 - Gain on disposal of assets - - 8,500 8,500 - Total general revenues - 146,328,227 4,226,572 150,554,799 37,351,228 Change in net position 29,285,560 (969,340) 28,316,220 9,711,210 Net position - beginning 470,386,010 46,548,848 516,934,858 104,164,893 Prior period adjustment - See Note III. F. (14,742,696) - (14,742,696) - Net position - beginning (restated) 455,643,314 46,548,848 502,192,162 104,164,893 Net position - ending 484,928,874 $ 45,579,508 $ 530,508,382 $ 113,876,103 $ 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, 2020 21 ---PAGE BREAK--- Local Income Other Tax - Economic Governmental Assets General Rainy Day Development Funds Totals Cash and cash equivalents 53,434,717 $ 15,993,733 $ 18,523,659 $ 77,648,702 $ 165,600,811 $ Investments 1,760,450 361,304 457,668 1,424,167 4,003,589 Receivables (net of allowances for uncollectibles): Interest 45,690 6,988 - 20,898 73,576 Taxes 96,000,587 - 15,474,624 18,277,756 129,752,967 Accounts 351,887 - - 577,424 929,311 Special assessments - - - 41,836 41,836 Intergovernmental 1,382,527 78,056 19,125 1,077,962 2,557,670 Interfund receivable: Interfund loans 170,644 1,982,161 9,456,894 169,622 11,779,321 Assets held for resale - - - 966,088 966,088 Total assets 153,146,502 $ 18,422,242 $ 43,931,970 $ 100,204,455 $ 315,705,169 $ Liabilities, Deferred Inflows of Resources, Fund Balances Liabilities: Accounts payable 1,584,151 $ 450,966 $ 752,214 $ 1,226,169 $ 4,013,500 $ Accrued payroll and withholdings payable 2,614,739 - 8,818 745,522 3,369,079 Interfund payable: - - Interfund loans - - 1,982,161 9,797,160 11,779,321 Total liabilities 4,198,890 450,966 2,743,193 11,768,851 19,161,900 Deferred inflows of resources: Unavailable revenue - property taxes 69,859,642 - - 12,960,980 82,820,622 Unavailable revenue - license excise taxes 1,377,639 - - 208,597 1,586,236 Unavailable revenue - income taxes 24,763,306 - 15,474,624 4,950,624 45,188,554 Total deferred inflows of resources 96,000,587 - 15,474,624 18,120,201 129,595,412 Fund balances: Nonspendable fund balance - - - 966,088 966,088 Restricted fund balance - - 148,769 72,652,568 72,801,337 Committed fund balance 2,593,996 - 25,565,384 3,831,830 31,991,210 Assigned fund balance 1,156,658 17,971,276 - 586,005 19,713,939 Unassigned fund balance 49,196,371 - - (7,721,088) 41,475,283 Total fund balances 52,947,025 17,971,276 25,714,153 70,315,403 166,947,857 Total liabilities, deferred inflows of resources, and fund balances 153,146,502 $ 18,422,242 $ 43,931,970 $ 100,204,455 $ 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. 383,094,721 Other long-term assets are not available to pay for current-period expenditures and, therefore, are deferred in the funds. 13,157,595 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. 4,307,758 Long-term liabilities, including bonds payable, are not due and payable in the current period and, therefore, are not reported in the funds. (34,917,547) Net pension liabilities are not due and payable in the current period and, therefore, are not reported in the funds. (32,490,684) Net other postemployment benefits liability is not due and payable in the current period and, therefore, is not reported in the funds. (15,170,826) Net position of governmental activities 484,928,874 $ ALLEN COUNTY BALANCE SHEET - GOVERNMENTAL FUNDS December 31, 2020 The notes to the financial statements are an integral part of this statement. 22 ---PAGE BREAK--- Local Income Other Total Tax - Economic Governmental Governmental General Rainy Day Development Funds Funds Revenues: Taxes 87,202,939 $ - $ 12,191,741 $ 20,347,776 $ 119,742,456 $ Special assessments - - - 1,302,249 1,302,249 Licenses and permits 2,997,385 - - - 2,997,385 Intergovernmental 14,468,276 111,420 1,117,556 39,960,325 55,657,577 Charges for services 3,627,637 - - 13,371,185 16,998,822 Fines and forfeits 761,222 - - 2,152,561 2,913,783 Other 2,362,526 144,679 277,417 2,596,380 5,381,002 Total revenues 111,419,985 256,099 13,586,714 79,730,476 204,993,274 Expenditures: Current: General government 43,840,965 - - 6,730,465 50,571,430 Public safety 54,156,258 - - 20,789,156 74,945,414 Highways and streets - 491,264 - 13,621,363 14,112,627 Sanitation 24,802 - - 1,616,246 1,641,048 Economic development - - - 21,633 21,633 Health and welfare 6,696,767 - - 7,749,464 14,446,231 Culture and recreation 2,874,364 - - 143,028 3,017,392 Debt service: Principal - - - 3,230,000 3,230,000 Interest - - - 749,934 749,934 Capital outlay: Economic development - - 16,623,800 7,668,502 24,292,302 Special assessment - - - 131,541 131,541 Total expenditures 107,593,156 491,264 16,623,800 62,451,332 187,159,552 Excess (deficiency) of revenues over (under) expenditures 3,826,829 (235,165) (3,037,086) 17,279,144 17,833,722 Other financing sources (uses): Transfers in 10,641,254 1,982,161 3,900,325 2,534,551 19,058,291 Transfers out (180,000) - (2,032,161) (16,846,130) (19,058,291) Total other financing sources and uses 10,461,254 1,982,161 1,868,164 (14,311,579) - Net change in fund balances 14,288,083 1,746,996 (1,168,922) 2,967,565 17,833,722 Fund balances - beginning 38,658,942 16,224,280 26,883,075 67,347,838 149,114,135 Fund balances - ending 52,947,025 $ 17,971,276 $ 25,714,153 $ 70,315,403 $ 166,947,857 $ ALLEN COUNTY STATEMENT OF REVENUES, EXPENDITURES ,AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS For The Year Ended December 31, 2020 The notes to the financial statements are an integral part of this statement. 23 ---PAGE BREAK--- Net change in fund balances - total governmental funds (Statement of Revenues, Expenditures and Changes in Fund Balances). 17,833,722 $ 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 455,993 Construction in progress (16,545,889) Total change in capital assets not being depreciated (16,089,896) Capital assets being depreciated: Buildings, net of $2,018,239 depreciation expense (162,261) Improvements other than buildings, net of $14,265 depreciation expense (14,265) Machinery and equipment, net of $2,726,052 depreciation expense (1,025,129) Infrastructure, net of $5,385,920 depreciation expense 23,472,659 Net investment in joint venture, net of $151,013 depreciation expense (173,724) Intangible assets, net of $36,295 depreciation expense (36,295) Total change in capital assets being depreciated 22,060,985 Total changes in capital assets 5,971,089 Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the governmental funds. (77,778) The issuance of long-term debt provides current financial resources to governmental funds, but increases the long-term liabilities on the Statement of Net Position. Repayment of principal for long-term debt consumes the current financial resources of governmental funds, but reduces long-term liabilities in the Statement of Net Position. This is the amount by which issuance repayments exceeds issuance proceeds. 3,230,000 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. 64,408 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. 436,647 Net pension liabilities are considered a long-term obligation of the general government, but are not current expenditures. 6,457,380 Other postemployment benefits liability is considered a long-term obligation of the general government, but is not a current expenditure. (687,611) 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. (470,607) 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. (3,471,690) Change in net position of governmental activities (Statement of Activities) 29,285,560 $ 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, 2020 24 ---PAGE BREAK--- Business-Type Activities - Enterprise Fund War Memorial Internal Assets Coliseum Service Funds Current assets: Cash and cash equivalents 446,062 $ 6,823,711 $ Investments 9,355 65,174 Interest receivable 181 1,261 Accounts receivable (net of allowance) 27,543 152,499 Suite receivable 477,427 - Prepaid items 187,679 - Total current assets 1,148,247 7,042,645 Noncurrent assets: Restricted cash, cash equivalents and investments: Cash and cash equivalents 7,879,027 - Cash with fiscal agent 7,596 - Investments 144,027 - Interest receivable 2,786 - Taxes receivable 1,951,539 - Suite receivable 90,000 - Capital assets: Land, and construction in progress 931,566 - Other capital assets (net of accumulated depreciation) 59,574,854 - Total noncurrent assets 70,581,395 - Deferred Outflows of Resources Unamortized loss on refunding 288,272 - Liabilities Current liabilities: Accounts payable 5,093 585,434 Accrued wages payable - - Taxes payable 367 - Compensated absences 152,449 - Incurred but not reported claims - 2,149,453 Unearned revenue 570,279 - Current liabilities payable from restricted assets: Accounts payable 245,184 - Ticket office customer deposits 948,003 - First mortgage revenue bonds payable 2,670,000 - Accrued interest payable 156,111 - Total current liabilities 4,747,486 2,734,887 Noncurrent liabilities: First mortgage revenue bonds payable (net of unamortized premium) 21,690,920 - Total liabilities 26,438,406 2,734,887 Net position Net investment in capital assets 36,433,772 - Restricted for capital assets 7,596 - Restricted for other purposes 8,393,167 - Unrestricted 744,973 4,307,758 Total net position 45,579,508 $ 4,307,758 $ ALLEN COUNTY STATEMENT OF NET POSITION - PROPRIETARY FUNDS December 31, 2020 The notes to the financial statements are an integral part of this statement. 25 ---PAGE BREAK--- Business-Type Activities - Enterprise Fund War Memorial Internal Coliseum Service Funds Operating revenues: Miscellaneous 338,722 $ 24,150 $ Rent 641,256 - Concessions 548,635 - Parking 706,849 - Ticket office 52,581 - Advertising 215,575 - Arena maintenance fee 148,502 - Suite/club seats 157,409 - Advance forfeiture rent 250 Employee/employer contributions - 12,807,669 Total operating revenues 2,809,779 12,831,819 Operating expenses: Salaries and wages 1,222,800 - Fringe benefits 344,612 - Materials and supplies 578,362 - Purchased services 167,939 - Utilities 495,445 - Miscellaneous 66,973 - Maintenance and repair 267,090 - Insurance claims and expenses - 16,355,293 Depreciation 4,016,309 - Total operating expenses 7,159,530 16,355,293 Operating Income (loss) (4,349,751) (3,523,474) Nonoperating revenues (expenses): Interest and investment revenue 16,665 51,784 Food and beverage taxes 7,467,734 - Transfer to Capital Improvement Board/Food and beverage taxes (5,721,452) - Sports and convention taxes 2,455,125 - Amortization of loss on bond refunding (59,642) - Interest expense (786,519) - Gain on disposal of assets 8,500 - Total nonoperating revenue 3,380,411 51,784 Income before contributions (969,340) (3,471,690) Capital contributions - - Change in net position (969,340) (3,471,690) Total net position - beginning 46,548,848 7,779,448 Total net position - ending 45,579,508 $ 4,307,758 $ ALLEN COUNTY STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION - PROPRIETARY FUNDS For The Year Ended December 31, 2020 The notes to the financial statements are an integral part of this statement. 26 ---PAGE BREAK--- Business-Type Activities - Enterprise Fund War Memorial Internal Coliseum Service Funds Cash flows from operating activities: Receipts from customers and users 2,775,801 $ 12,855,186 $ Payments to suppliers (3,508,828) (16,552,277) Payments to employees (1,383,363) - Other receipts - 25,560 Net cash provided (used) by operating activities (2,116,390) (3,671,531) Cash flows from capital and related financing activities: Acquisition and construction of capital assets (1,380,842) - Principal paid on capital debt (2,570,000) - Interest paid on capital debt (1,032,451) - Food and beverage taxes 1,869,726 - Sports and convention taxes 2,242,774 - Net cash provided (used) by capital and related financing activities (870,793) - Cash flows from investing activities: Proceeds from sales and maturities of investments 1,020,834 894,935 Purchase of investments (153,382) (65,174) Interest received 30,162 64,957 Net cash provided (used) by investing activities 897,614 894,718 Net increase (decrease) in cash and cash equivalents (2,089,569) (2,776,813) Cash and cash equivalents, January 1 10,422,254 9,600,524 Cash and cash equivalents, December 31 8,332,685 $ 6,823,711 $ Reconciliation of operating income (loss) to net cash provided by operating activities: Operating income (loss) (4,349,751) $ (3,523,474) $ Adjustments to reconcile operating income (loss) to net cash provided by operating activities: Depreciation expense 4,016,309 - (Increase) decrease in assets: Accounts receivable 279,168 48,927 Prepaid items 1,572 - Increase (decrease) in liabilities: Customer deposits (1,543,355) - Accrued wages payable (162,831) - Accounts payable (40,270) (10,186) Unavailable revenue (313,146) - Taxes payable (6,354) - Compensated absence payable 2,268 - Incurred but not reported claims - (186,798) Total adjustments 2,233,361 (148,057) Net cash provided (used) by operating activities (2,116,390) $ (3,671,531) $ ALLEN COUNTY STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS For The Year Ended December 31, 2020 The notes to the financial statements are an integral part of this statement. 27 ---PAGE BREAK--- Pension Trust Custodial Assets Funds Funds Cash and cash equivalents 3,189,473 $ 14,578,007 $ Receivables: Accounts - 46,703 Taxes for other governments - 12,197,993 Interest and dividends 27 44 Employee/employer contributions 731,549 - Transfers into trust 4,140 - Total receivables 735,716 12,244,740 Investments at fair value: U.S. government securities - 2,273 Shares of unit investment trusts 63,808,937 - Total investments 63,808,937 2,273 Total assets 67,734,126 $ 26,825,020 $ Liabilities Net benefits due and unpaid/(overpaid) 6,473 $ - $ Transfers out of trust - - Accounts payable and other liabilities - 28,263 Due to other governments - 708,306 Total liabilities 6,473 736,569 Net Position Net position held in trust for: Employees' pension benefits 67,727,653 - Individuals, organizations, and other governments - 26,088,451 Total net position restricted for fiduciary funds 67,727,653 $ 26,088,451 $ ALLEN COUNTY STATEMENT OF FIDUCIARY NET POSITION - FIDUCIARY FUNDS December 31, 2020 The notes to the financial statements are an integral part of this statement. 28 ---PAGE BREAK--- Pension Trust Custodial Additions Funds Funds Contributions: Employer 2,800,033 $ - $ Plan members 280,093 - Total contributions 3,080,126 - Investment income: Net increase in fair value of investments 6,801,026 - Interest and dividends 1,671,293 1,124 Net investment income 8,472,319 1,124 Collections: Taxes for other governments - 499,699,467 Fines/Fees/Restitution - 31,133,828 Miscellaneous 7,142 1,945,389 Total Collections 7,142 532,778,684 Total additions 11,559,587 532,779,808 Deductions Benefits 3,665,780 - Administrative expense 98,260 - Payments of tax to other governments - 534,315,422 Payments to individuals and organizations - 35,494,486 Total deductions 3,764,040 569,809,908 Net increase (decrease) in fiduciary net position 7,795,547 (37,030,100) Net position - beginning 59,932,106 63,118,551 Net position - ending 67,727,653 $ 26,088,451 $ 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, 2020 29 ---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), 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 War Memorial Coliseum Additions Building Corporation is a significant blended component unit of the primary government. The primary government appoints a voting majority of the Allen County War Memorial Coliseum Additions Building Corporation’s board and a financial benefit/burden relationship exists between the primary government and the Allen County War Memorial Coliseum Additions Building Corporation. Although it is legally separate from the primary government, the Allen County War Memorial Coliseum Additions Building Corporation is reported as if it were a part of the primary government because it provides services entirely or almost entirely to the primary government. The 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 War Memorial Coliseum Additions Building Corporation c/o Wells Fargo Bank Corporate Trust Department 111 E. Wayne Street Fort Wayne, IN 46801 The Allen County Redevelopment Authority (Authority) is a significant blended component unit of the primary government. The primary government appoints a voting majority of the Authority’s board and a financial benefit/burden relationship exists between the primary government and the Authority. Although it is legally separate from the primary government, the Authority is reported as if it were a part of the primary government because it provides services entirely or almost entirely 30 ---PAGE BREAK--- to the primary government. The debt of the Authority will be repaid entirely, or almost entirely, from resources of the primary government. Separate financial statements of the component unit are not available. The administrative office is located as follows: Allen County Redevelopment Authority 200 East Berry Street, Suite 150 Fort Wayne, IN 46802 Discretely Presented Component Unit The Allen County Public Library is a significant discretely presented component unit of the primary government. The primary government appoints a voting majority of the Allen County Public Library’s Board and can impose its will. It would be misleading to exclude the Allen County Public Library from the primary government’s financial statements because of its relationship with the primary government. The financial statements of the individual component unit may be obtained from their office as follows: 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 Rousseau Centre’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 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 $22,711 for its share of the 2020 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 the nonfiduciary activities of the primary government and its component units. For the most part, the effect of interfund activity has been removed from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. Likewise, the primary government is reported separately from certain legally separate component units for which the primary government is financially accountable. The Statement of Activities demonstrates the degree to which direct expenses of a given function or segments are offset by program revenues. Direct expenses are clearly identifiable with a specific 31 ---PAGE BREAK--- function or segment. Program revenues include charges to customers or applicants who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment and grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. C. Measurement Focus, Basis of Accounting and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting as are the proprietary fund and fiduciary fund financial statements. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability is incurred, or economic asset used. Revenues, expenses, gains, losses, assets, and liabilities resulting from exchange and exchange- like transactions are recognized when the exchange takes place. Property taxes are recognized in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are 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 susceptible to accrual as revenue of the current period. All other revenue items are measurable and available only when the primary government receives cash. The primary government reports the following major governmental funds: The General fund is the primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The Rainy Day fund (special revenue) accounts for transfers of unused and unencumbered funds under IC 36-1-8-5. Local Income Tax – Economic Development (capital projects) accounts for the local economic development income tax revenue and economic related expenses of the general government. The primary government reports the following major proprietary fund: The War Memorial Coliseum fund accounts for the operation of an arena and exposition center, which house major sporting events, music concerts, conventions, meetings and other events. 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. 32 ---PAGE BREAK--- The pension trust funds account for the activities of the sheriff’s pension trust and the sheriff’s benefit pension funds which accumulate resources for pension benefit payments. Custodial funds account for assets held by the primary government as an agent for individuals, private organizations, and other governments and/or other funds. As a rule, the effect of interfund activity has been eliminated from the government-wide financial statements. Amounts reported as program revenues include charges to customers or applicants for goods, services or privileges provided, operating grants and contributions, and capital grants and contributions, including special assessments. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes. Proprietary funds distinguish operating revenues from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the enterprise funds and of the government’s internal service funds are charges to customers for sales and services. Operating expenses for enterprise funds and internal service funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. When both restricted and unrestricted resources are available for use, it is the primary government’s policy to use restricted resources first, then unrestricted resources as they are needed. D. Assets, Liabilities, and Net Position or Equity 1. Restricted Assets/Net Position All restricted assets/net position, as presented in the accompanying financial statements, are restricted due to enabling legislation. 2. Deposits and Investments The primary government’s cash and cash equivalents are cash on hand, demand deposits and short-term investments with original maturities of three months or less from the date of acquisition. State statute (IC 5-13-9) authorizes the primary government to invest in securities, including but not limited to, federal government securities, repurchase agreements, and certain money market mutual funds. Certain other statutory restrictions apply to all investments made by local governmental units. Nonparticipating certificates of deposit, demand deposits and similar nonparticipating negotiable instruments that are not reported as cash and cash equivalents are reported as investments at cost. Debt securities are reported at fair value. Debt securities are defined as securities backed by the full faith and credit of the United States Treasury or fully insured or guaranteed by the United States or any United States government agency. Open-end mutual funds are reported at fair value. Money market investments that mature within one year or less at the date of their acquisition are reported at amortized cost. Other money market investments are reported at fair value. 33 ---PAGE BREAK--- Investment income, including changes in the fair value of investments, is reported as revenue in the operating statement. 3. Interfund Transactions and Balances Activities between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as “interfund receivables/payables” the current and noncurrent portion of interfund loans). All other outstanding balances between funds are reported as “interfund services provided/used.” Any residual balances outstanding between the governmental activities and business-type activities are reported in the government-wide financial statements as “internal balances.” 4. Property Taxes Property taxes levied are collected by the County Treasurer and are distributed to the primary government in June and in December. State statute (IC 6-1.1-17-16) requires the Indiana Department of Local Government Finance to establish property tax rates and levies by December 31. These rates were based upon the preceding year’s lien date, January 1, assessed valuations adjusted for various tax credits. Taxable property is assessed at 100 percent of the true tax value (determined in accordance with rules and regulations adopted by the Indiana Department of Local Government Finance). Taxes may be paid in two equal installments that become delinquent if not paid by May 10 and November 10, respectively. All property taxes collected by the County Treasurer and available for distribution were distributed to the primary government prior to December 31 of the year collected. Delinquent property taxes outstanding at year end for governmental and/or proprietary funds, and the ensuing year property tax levy, net of allowances for uncollectible accounts, are recorded as a receivable with an offset to deferred inflows of resources since amounts are not considered available. 5. Inventories and Prepaid Items All inventories are valued at cost using the first in/first out (FIFO) method. Inventories of governmental funds are recorded as expenditures when consumed rather than when purchased. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in government-wide but as expenditures in fund financial statements. 6. Capital Assets Capital assets, which include property, plant, equipment, and infrastructure assets roads, bridges, sidewalks, and similar items) are reported in the applicable governmental or business- type activities column in the government-wide financial statements. Capital assets are reported at actual or estimated historical cost based on appraisals or deflated current replacement cost. Contributed or donated assets are reported at estimated fair value at the time received. Capitalization thresholds (the dollar values above which asset acquisitions are added to the capital asset accounts), depreciation methods and estimated useful lives of capital assets reported in the government-wide statements and proprietary funds are as follows: 34 ---PAGE BREAK--- 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 $786,519. 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 withheld from actual debt proceeds received, are reported as debt service expenditures. 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 35 ---PAGE BREAK--- 9. Deferred Inflows/Outflows of Resources Deferred inflows of resources represent an acquisition of net position that applies to future periods. Deferred inflows of resources consist of pension and Other Post-Employment Benefits (OPEB) related resources in the amount of $17,862,367 for 2020. These inflows consist of INPRS retirement system of $8,118,052, the County Police Retirement plan in the amount of $7,975,837, the County Police Supplemental Benefit plan in the amount of $909,570, and OPEB in the amount of $858,908. Deferred outflows of resources represent a consumption of net position that applies to future periods. The Allen County War Memorial Coliseum bonds for Business-Type Activities with a total loss of $407,043 the unamortized amount $218,597 for the 2016A Series and a total loss of $209,024 the unamortized amount of $69,675 for the 2011B Series, and the Maplecrest Road Bridge Bond 2016 with a total loss of $1,926,062 the unamortized amount of $1,296,388. The deferred outflows for governmental activities that is pension and OPEB related totals $14,273,981 and consists of INPRS retirement system of $5,838,466, the County Police Retirement plan in the amount of $4,291,735, the County Police Supplemental Benefit plan in the amount of $274,076, and OPEB $3,869,704. 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 additional appropriation or emergency executive order 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 as the assignment is done by a body other than the County Commissioners and/or County Council. Unassigned – represents fund balance that has not been assigned to other funds and that has not been restricted, committed, or assigned to specific purposes within the General Fund. Only the General Fund may report a positive unassigned fund balance; whereas, other governmental funds may need to report a negative unassigned fund balance if expenditures incurred for specific purposes exceeded the amounts restricted, committed, or assigned to those purposes. The County considers restricted amounts to have been spent when an expenditure is incurred for purposes for which both restricted and unrestricted fund balance is available. The County does not have a formal policy for its use of unrestricted fund balance amounts; therefore, it considers committed amounts used first, followed by assigned amounts, and then unassigned amounts when expenditures are incurred for purposes for which amounts in any of those unrestricted fund balance classifications could be used. For functionalized classification of fund balance, please refer to Note II. B. 36 ---PAGE BREAK--- 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. Fund balances on December 31, 2020 are composed of the following: Local Income Tax Other Economic Governmental General Rainy Day Development Funds Totals Nonspendable fund balance: Economic development - - - 966,088 966,088 Restricted fund balance: General Government - - - 29,344,142 29,344,142 Public Safety - - - 9,683,237 9,683,237 Highw ays and Streets - - - 16,030,994 16,030,994 Sanitation - - - 2,451,436 2,451,436 Culture and Recreation - - - 958,315 958,315 Economic Development - - 148,769 11,074,348 11,223,117 Health and Welfare - - - 3,110,096 3,110,096 Total restricted fund balance - - 148,769 72,652,568 72,801,337 37 ---PAGE BREAK--- C. Deficit Fund Equity On December 31, 2020, 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 Committed fund balance: General Government 2,536,612 - - 1,386,618 3,923,230 Public Safety 25,131 - - 502,014 527,145 Culture and Recreation - - - 16,668 16,668 Economic Development 32,253 - 25,565,384 1,243,916 26,841,553 Health and Welfare - - - 682,614 682,614 Total committed fund balance 2,593,996 - 25,565,384 3,831,830 31,991,210 Assigned fund balance: General Government 754,302 17,971,276 - 320,956 19,046,534 Public Safety 384,516 - - - 384,516 Culture and Recreation 17,840 - - - 17,840 Economic Development - - - 265,049 265,049 Total assigned fund balance 1,156,658 17,971,276 - 586,005 19,713,939 Unassigned fund balance 49,196,371 - - (7,721,088) 41,475,283 Total fund balance 52,947,025 $ 17,971,276 $ 25,714,153 $ 70,315,403 $ 166,947,857 $ Fund 2020 Governmental Funds: County Extradition 1,033 $ Community Corrections 109,167 Adult Protective Services 9 Allen County Courts Foreign Language Interpreter 681 ACCC Adult Probation Grant 13,321 Great Batch TIF 72,145 CASAD East TIF 878,201 Bandalier TIF 1,225,403 Group Delphi TIF 1,661,283 Dupont Corner TIF 893,713 Stonebridge TIF 2,866,132 38 ---PAGE BREAK--- depository eligible to receive state funds and has a principal office or branch that qualifies to receive public funds of the political subdivision. The County’s deposit policy for custodial credit risk requires compliance with Indiana Code 5-13-8-1. The bank balances were insured by the Federal Deposit Insurance Corporation or the Public Deposit Insurance Fund, which covers all public funds held in approved depositories. On December 31, 2020, the Sheriff’s Retirement and Benefit Pension Plans had deposit balances in the amount of $3,189,473. 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. On December 31, 2020, the County and the Sheriff's Retirement and Benefit Plan had the following investments: Investment Policies Indiana Code 5-13-9 authorizes the County to invest in securities backed by the full faith and credit of the United States Treasury or fully guaranteed by the United States of America and issued by the United States Treasury, a federal agency, a federal instrumentality, or a federal government sponsored enterprise. Indiana Code also authorizes the unit to invest in securities fully guaranteed and issued by a federal agency, a federal instrumentality, or a federal government sponsored enterprise. These investments are required by statute to have a stated final maturity of not more than two years. Indiana Code also provides for investment in money market mutual funds that are in the form of securities of, or interest in, an open-end, no-load, management-type investment company or investment trust registered under the provision of the federal Investment Company Act of 1940, as amended. Investments in money market mutual funds may not exceed 50 percent of the funds held by the County and available for investment. The portfolio of an investment company or investment trust used must be limited to direct obligations of the United States of America, obligations issued by a federal agency, a federal instrumentality, or a federal government Primary Government: Investment Type Fair Value Government sponsored enterprises 1,512,077 $ External investment pool 2,722,137 Total 4,234,214 $ Sheriff's Retirement and Benefit Pension Plans: Investment Type Fair Value Mutual funds 18,407,996 $ Foreign mutual fund 45,400,941 Total 63,808,937 $ Amount Uninsured and uncollateralized deposits 3,189,473 $ 39 ---PAGE BREAK--- 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 November 3, 2016. Authorized investments include time or savings accounts, obligations issued or fully insured or guaranteed by the United States of America, bonds, stocks, guaranteed investment contracts, bank investment contracts, mutual funds, high quality money market funds, and foreign securities whose shares are not denominated in foreign currency. Investment Custodial Credit Risk The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to a transaction, a government will not be able to recover the value of investment or collateral securities that are in the possession of an outside party. Neither the County nor the Sheriff’s Pension Plan has a formal investment policy for custodial credit risk for investments. The following investments held by the County and the Sheriff's Retirement and Benefit Pension Plans were exposed to custodial credit risks because they are uninsured and unregistered with securities held by the counterparty, or the counterparty's trust department or agent, either in the government's name or not in the government's name: Primary Government: Not in the Investment Government's Type Name Government sponsored enterprises 1,512,077 $ Sheriff's Retirement and Benefit Pension Plans: Not in the Investment Government's Type Name Mutual funds 18,407,996 $ Foreign mutual fund 45,400,941 Total 63,808,937 $ 40 ---PAGE BREAK--- Interest Rate Risk Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. The County’s investment policy to minimize interest rate risk is to abide by the Indiana Code, which limits the stated final maturities of the investments to no more than five years. The Sheriff's Merit Board for the Sheriff's Retirement and Benefit Pension Plans manages interest rate risk by authorizing a maximum average maturity of no more than 15 years be maintained in fixed income securities. Credit Risk Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. To minimize credit risks associated with investments, the County’s policy is to follow Indiana Code 5-13-9-2.5, which limits investments to AAA rated money market funds, repurchase agreements fully collateralized by U.S. Government Securities, and U.S. Treasury obligations (or other U.S. Agency obligations). To minimize credit risks associated with investments, the Sheriff’s Merit Board has adopted a policy which limit investments to obligations of or obligations guaranteed by the United States government; bonds, stocks, or other evidences of indebtedness issued or guaranteed by a corporation organized under the laws of the United States, provided the corporation is listed on one or more of the recognized national stock exchanges or on the National Market System of the NASDAQ Stock Market and, in the case of bonds only, holds a rating in one of the highest major classification by a recognized rating service; Guaranteed Investment Contracts and Bank Investment Contracts rated A+ by A. M. Best Company, Inc.; Mutual Plans that apply with the above restrictions; and High quality money market funds. The distribution of securities with credit ratings is summarized below. Primary Government: Investment Less More Type Than 1 1-2 Than 2 Government sponsored enterprises - $ 1,512,077 $ - $ External investment pool 2,722,137 - - Totals 2,722,137 $ 1,512,077 $ - $ Sheriff's Retirement and Benefit Pension Plans: Investment Less More Type Than 0-5 5-15 Than 15 Mutual funds 18,407,996 $ - - Foreign mutual funds 45,400,941 - - Totals 63,808,937 $ - $ - $ Investment Maturities (in Years) Investment Maturities (in Years) Primary Government: Standard & Government Poor's Moody's Sponsored Investment Rating Rating Enterprise Pools AAA Aaa 1,512,077 $ 1,741,982 $ AA Aa - $ 435,495 $ A A - 544,660 Totals 1,512,077 $ 2,722,137 $ County's Investments 41 ---PAGE BREAK--- 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 regarding concentration of credit risk. United States of America government and United States of America governmental agency securities are exempt from this policy requirement. The Sheriff's Merit Board has adopted the following policy for the concentration of credit risk. The Sheriff’s Merit Board for the Sheriff’s Pension Plan manages concentration of credit risk by limiting the investment in debt securities of any one corporation to a maximum of 5 percent of the fixed income investments of the plan. The County held the following investments that were exposed to concentration of credit risk: Foreign Currency Risk Foreign currency risk relates to adverse effects on the fair value of an investment from changes in exchange rates. The Sheriff’s Merit Board has a formal policy regarding 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 Sheriff's Retirement and Benefit Pension Plans: Standard & Poor's Moody's Mutual Rating Rating Funds Unrated Unrated 63,808,937 $ Sheriff's Pension Plan Investments Primary Government: Issuer 2020 Federal Farm Credit Banks 1,512,077 $ Collateralized Commercial Paper V Company 435,496 Halkin Finance LLC 319,363 Angelsea Funding PLC 290,330 LMA Americas LLC 261,297 Total 2,818,563 $ 42 ---PAGE BREAK--- in non-active markets; and inputs other than quoted prices that are observable for the assets or liabilities, either directly or indirectly. Level 3: Valuations for which one or more significant inputs are unobservable and may include situations where there is minimal, if any, market activity for the asset or liability. The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques need to maximize the use of relevant observable inputs and minimize the use of unobservable inputs. Investment value is determined by reference to quoted market prices and other relevant information generated by market transactions. The following table summarizes the valuation of investments by the fair value hierarchy levels on December 31, 2020: 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. On December 31, 2020, the County’s discretely presented component unit’s deposits with financial institutions of $43,980,051 were entirely insured by the federal depository insurance, except for the Allen County Public Library’s deposits in the amount of $636,942. Deposits of $636,942 are in excess of the insured amount and $1,052,407 is in investment accounts that are uninsured. 2. Investments Authorization for investment activity is stated in Indiana Code 5-13. On December 31, 2020, the County’s discretely presented component unit had the following investments: Primary Government: Investment Type Fair Value Level 1 Level 2 Level 3 Government sponsored enterprises 1,512,077 $ - $ 1,512,077 $ - $ External investment pool 2,722,137 - 2,722,137 - Totals 4,234,214 $ - $ 4,234,214 $ - $ Sheriff's Retirement and Benefit Pension Plans: Investment Type Fair Value Level 1 Level 2 Level 3 Mutual funds 18,407,996 $ 18,407,996 $ - $ - $ Foreign mutual funds 45,400,941 45,400,941 - - Totals 63,808,937 $ 63,808,937 $ - $ - $ 43 ---PAGE BREAK--- Investment Policies Indiana Code 5-13-9 authorizes the discretely presented component unit to invest in securities backed by the full faith and credit of the United States Treasury or fully guaranteed by the United States of America and issued by the United States Treasury, a federal agency, a federal instrumentality, or a federal government sponsored enterprise. Indiana Code also authorizes the unit to invest in securities fully guaranteed and issued by a federal agency, a federal instrumentality, or a federal government sponsored enterprise. These investments are required by statute to have a stated final maturity of not more than five years. The Library’s discretely presented component unit has an “Investment Policy Statement” approved by the unit’s Board of Directors in May 2004 with revisions in November 2010, November 2012, September 2017 and June 2019. This policy sets the standards for the selection of the unit’s portfolio. The policy sets the asset allocation as follows: cash and cash equivalents 0% to 5% with a target of fixed income 20% to 40% with a target of 30%; alternative investments 0% to 10% with a target of equities 40% to 90% with a target of 65%. Investment Custodial Credit Risk The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to a transaction, a government will not be able to recover the value of investment or collateral securities that are in the possession of an outside party. The Allen County Public Library’s discretely presented component unit does not have formal investment policies for custodial credit risk for investments that are uninsured and uncollateralized. On June 30, 2020, the Library’s discretely presented component unit held investments in Cozad Asset Management, Inc., Monarch Capital Management, Inc. and Wells Fargo Advisors, LLC in the amount of $19,141,567. 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 discretely presented component unit’s investment policy does not limit investment maturities as a means of managing its exposure to fair value losses arising from changes in interest rates. Discretely Presented Component Unit: Investment Type Fair Value Government sponsored enterprises 3,081,403 $ Corporate bonds 299,651 Corporate stock 10,953,680 Mutual funds 4,792,306 Total 19,127,040 $ 44 ---PAGE BREAK--- 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 discretely presented component unit’s investment policy for credit risk for investments of A or better. The distribution of securities with credit ratings is summarized below. Concentration of Credit Risk Concentration of credit risk is the risk of loss attributed to the magnitude of an organization's investment in a single issuer. The Allen County Public Library has an investment policy statement (IPS) in place that provides a framework for the implementation and oversight of the Foundation’s investment strategy. These guidelines set forth what is viewed as the best strategy to successfully accomplish the Foundation’s investment objective, with the least amount of risk taken. The IPS is specific enough to be meaningful, though flexible for the Foundation to invest through different market environments. Discretely Presented Component Unit: Investment Less More Type Than 1 1-2 Than 2 Government sponsored enterprises 130,352 $ 241,439 $ 2,709,612 $ Corporate bonds - 68,892 230,759 Corporate stock 10,953,680 - - Mutual funds 4,792,306 - - Totals 15,876,338 $ 310,331 $ 2,940,371 $ Investment Maturities (in Years) Discretely Presented Component Unit: Standard & Morningstar Government Poor's Risk Sponsored Corporate Mutual Rating Profile Enterprise Bonds Funds AAA 91,746 $ - $ - $ AA+ 1,145,401 - - AA 369,370 - - AA - 303,592 - - AA1 10,050 - - AA2 121,249 - - AA3 133,380 - - A+ 154,403 - - A 298,484 27,401 - A- 62,356 91,696 - A1 167,539 - - A2 20,021 - - BBB+ - 95,105 - BBB 49,886 85,449 - Unrated 153,926 - 50,089 Low - - 968,659 Below Average - - 887,692 Average - - 1,140,207 Above Average - - 1,266,807 High - - 478,852 Totals 3,081,403 $ 299,651 $ 4,792,306 $ 45 ---PAGE BREAK--- Although not specifically stated within the IPS, it is best practice that there is no more than 5% invested in one company, no more than 20% invested in any one industry/market sector, proper diversification between U.S. and international equities, and that investment in high yield and unrated bonds should be no higher than 10% of the entire portfolio. These guidelines are continually monitored by the investment committee of the Allen County Public Library Foundation. In the event were one of these to occur within the Foundation’s investment portfolio, proper action would be implemented to resolve the matter. Foreign Currency Risk Foreign currency risk relates to adverse effects on the fair value of an investment from changes in exchange rates. The Investment Policy Statement includes a formal policy regarding 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 $391,494. 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 fair valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the component unit can access. Level 2 – Inputs to the fair valuation methodology include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the asset or liability; inputs that are derived principally from or corroborated by observable market data by correlation or other means. If the asset or liability has a specified (contractual) term, the level 2 input must be observable for substantially the full term of the asset or liability. Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement. The asset or liability fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. Following is a description of the valuation methodologies used for assets and liabilities measured at fair value. Investments – Value determined by reference to quoted market prices and other relevant information generated by market transactions. Beneficial Interest in assets held by others – Value are based upon the component unit’s proportionate share of the Community Foundation of Greater Fort Wayne’s pooled investment portfolio. The following table shows the fair value, within the hierarchy, of assets and liabilities of the Allen County Public Library’s component unit measured on a recurring basis on June 30, 2020: 46 ---PAGE BREAK--- B. Capital Assets Capital asset activity for the year ended December 31, 2020, was as follows: Discretely Presented Component Unit: Investment Type Fair Value Level 1 Level 2 Level 3 Government sponsored enterprise 3,081,403 $ - $ 3,081,403 $ - $ Corporate bonds 299,651 - 299,651 - Corporate stock 10,953,680 10,953,680 - - Mutual funds 4,792,306 4,792,306 - - Beneficial interest 14,527 - - 14,527 Totals 19,141,567 $ 15,745,986 $ 3,381,054 $ 14,527 $ Beginning Ending Primary Government: Balance Increases Decreases Balance Governmental activities: Capital assets, not being depreciated: Land 11,004,824 $ 592,906 $ 136,913 $ 11,460,817 $ Construction in progress 40,481,683 6,635,336 23,181,223 23,935,796 Total capital assets, not being depreciated 51,486,507 7,228,242 23,318,136 35,396,613 Capital assets, being depreciated: Buildings 127,180,694 1,855,978 - 129,036,672 Improvements other than buildings 3,403,709 - - 3,403,709 Machinery and equipment 47,250,164 3,237,939 1,537,014 48,951,089 Infrastructure being depreciated 383,852,314 37,958,832 9,100,257 412,710,889 Intangible assets 544,418 - - 544,418 Net investment in joint venture 6,063,236 - 22,711 6,040,525 Totals 568,294,535 43,052,749 10,659,982 600,687,302 Less accumulated depreciation for: Buildings 52,508,967 2,018,239 - 54,527,206 Improvements other than buildings 3,226,664 14,265 - 3,240,929 Machinery and equipment 36,056,531 3,656,241 930,189 38,782,583 Infrastructure being depreciated 147,446,417 8,193,724 2,807,804 152,832,337 Intangible assets 218,407 36,295 - 254,702 Net investment in joint venture 3,200,424 151,013 - 3,351,437 Totals 242,657,410 14,069,777 3,737,993 252,989,194 Total capital assets, being depreciated, net 325,637,125 28,982,972 6,921,989 347,698,108 Total governmental activities capital assets, net 377,123,632 $ 36,211,214 $ 30,240,125 $ 383,094,721 $ 47 ---PAGE BREAK--- Business-type activities: Capital assets, not being depreciated: Land 380,487 $ - $ - $ 380,487 $ Construction in progress 6,150 987,905 442,976 551,079 Total capital assets, not being depreciated 386,637 987,905 442,976 931,566 Capital assets, being depreciated: Land improvements 1,440,208 - - 1,440,208 Buildings 106,082,794 - - 106,082,794 Improvements other than buildings 9,142,090 431,659 - 9,573,749 Machinery and equipment 9,555,263 412,754 267,548 9,700,469 Totals 126,220,355 844,413 267,548 126,797,220 Less accumulated depreciation for: Land improvements 1,435,708 300 - 1,436,008 Buildings 50,585,803 2,871,089 - 53,456,892 Improvements other than buildings 5,342,740 488,886 - 5,831,626 Machinery and equipment 6,109,354 656,034 267,548 6,497,840 Totals 63,473,605 4,016,309 267,548 67,222,366 Total capital assets, being depreciated, net 62,746,750 (3,171,896) - 59,574,854 Total business-type activities capital assets, net 63,133,387 $ (2,183,991) $ 442,976 $ 60,506,420 $ 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 5,803,065 89,546 42,691 5,849,920 Library materials 7,632,507 2,303,948 2,675,111 7,261,344 Totals 104,595,828 2,393,494 2,717,802 104,271,520 Less accumulated depreciation for: Buildings and improvements 37,100,765 2,082,801 - 39,183,566 Improvements other than buildings 414,309 29,137 - 443,446 Machinery and equipment 5,426,769 152,867 42,691 5,536,945 Library materials 2,584,769 2,544,169 2,675,111 2,453,827 Totals 45,526,612 4,808,974 2,717,802 47,617,784 Total capital assets, being depreciated, net 59,069,216 (2,415,480) - 56,653,736 Total discretely presented component unit capital assets, net 65,024,185 $ (2,415,480) $ - $ 62,608,705 $ 48 ---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 on December 31, 2020, were 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 on December 31, 2020, were as follows: The primary government typically uses transfers to fund ongoing operating subsidies and internal financing for capital related expenditures. The $10.6 million transfer to General Fund is related to CARES ACT funding that was required to run through a separate Fund and then transferred to the General Fund for reimbursement of public safety related expenditures due COVID. Governmental activities: General government 916,206 $ Public safety 3,532,676 Highways and streets 9,409,860 Health and welfare 116,302 Sanitation 23,113 Culture and recreation 71,620 Total depreciation expense - governmental activities 14,069,777 $ Business-type activities: Coliseum 4,016,309 $ General Local Income Tax Non-major Interfund Payables Fund Rainy Day Economic Development Governmental Total Local Income Tax-Economic Development - $ 1,982,161 $ - $ - $ 1,982,161 $ Non-major governmental 170,644 - 9,456,894 169,622 9,797,160 Totals 170,644 $ 1,982,161 $ 9,456,894 $ 169,622 $ 11,779,321 $ Interfund Receivables Local Income Rainy Tax - Economic Non-major Transfer From General Day Development Governmental Totals County General - $ - $ - $ 180,000 $ 180,000 $ Local Income Tax - Economic Development - 1,982,161.00 - 50,000 2,032,161 Non-major Governmental 10,641,254 - 3,900,325 2,304,551 16,846,130 Totals 10,641,254 $ 1,982,161 $ 3,900,325 $ 2,534,551 $ 19,058,291 $ 49 ---PAGE BREAK--- D. Long-Term Liabilities 1. First Mortgage Bonds Primary Government The primary government issues bonds to provide funds for the acquisition and construction of major capital facilities. First Mortgage bonds outstanding at year end are as follows: First Mortgage bonds debt service requirements to maturity are as follows: 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 Interest December 31, Current Net Purpose Rates 2020 Portion Premium Noncurrent Business-type activities: 2011 B War Memorial Coliseum additions first mortgage refunding revenue bonds 3.6% to 5.45% 2,135,000 $ 385,000 $ 3,078 $ 1,753,078 $ 2016 A War Memorial Coliseum additions refunding first mortgage revenue bonds 2.00% to 4.00% 8,625,000 1,635,000 908,089 7,898,089 2014 War Memorial Coliseum Convention Center Expansion first mortgage bonds 2% to 5.0% 12,110,000 650,000 579,753 12,039,753 Total business-type activities 22,870,000 $ 2,670,000 $ 1,490,920 $ 21,690,920 $ Year Ended December 31 Principal Interest 2021 2,670,000 $ 917,936 $ 2022 2,785,000 798,656 2023 2,895,000 674,149 2024 2,990,000 543,614 2025 3,030,000 411,028 2026-2030 4,390,000 1,274,100 2031-2034 4,110,000 418,719 Totals 22,870,000 $ 5,038,202 $ Business-Type Activities Balance Unamortized Interest December 31, Current Premium Net Purpose Rates 2020 Portion (Discount) Noncurrent 2016 Allen County Public Library first mortgage refunding bonds 2% to 3% 7,645,000 $ 5,315,000 $ (27,644) $ 2,302,356 $ Year Ended December 31 Principal Interest 2021 5,315,000 $ 66,366 $ 2022 2,330,000 12,582 Totals 7,645,000 $ 78,948 $ Component Unit Discretely Presented 50 ---PAGE BREAK--- 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. Changes in Long-Term Liabilities Long-term liability activity for the year ended December 31, 2020, was as follows: Principal Interest 2021 1,305,000 $ 660,769 $ 2022 1,385,000 608,069 2023 1,455,000 551,969 2024 1,520,000 493,169 2025 1,600,000 431,569 2026-2030 7,340,000 1,065,878 2031-2035 565,000 187,800 2035-2043 620,000 63,700 Totals 15,790,000 $ 4,062,923 $ Governmental Activities Balance Interest December 31, Current Net Purpose Rates 2020 Portion Premium Noncurrent Allen County Tax Increment Revenue Bonds (General Motors) Series 2015 C 3.0% to 4.0% 2,050,000 $ 70,000 $ 8,395 $ 1,988,395 $ 2016 Maplecrest Road Bridge Bond 3.0% to 5.0% 13,740,000 1,235,000 1,758,934 14,263,934 Total governmental activities 15,790,000 $ 1,305,000 $ 1,767,329 $ 16,252,329 $ Beginning Ending Due Within Primary Government Balance Additions Reductions Balance One Year Governmental activities: Bonds payable: First mortgage 850,000 $ - $ 850,000 $ - $ - $ Revenues 18,170,000 - 2,380,000 15,790,000 1,305,000 Total bonds payable 19,020,000 - 3,230,000 15,790,000 1,305,000 Compensated absences 3,958,127 4,456,765 3,958,127 4,456,765 4,456,765 Other postemployment benefits liability 11,079,936 4,090,890 - 15,170,826 - Net Pension Liability 42,186,659 - 9,695,975 32,490,684 - Total governmental activities long-term liabilities 76,244,722 $ 8,547,655 $ 16,884,102 $ 67,908,275 $ 5,761,765 $ 51 ---PAGE BREAK--- 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 In prior years Deferred Revenue for taxes unavailable revenue was included in revenue in the Statement of Activities and offset in Net Position in the Statement of Net Position. This unavailable revenue should not have been shown as revenue on the Statement of Activities and should have been offset under Deferred Inflows of Resources on the Statement of Net Position. The following schedule presents a summary of the restated beginning net position: Business-type activities: First mortgage revenue bonds payable: Coliseum 25,440,000 $ - $ 2,570,000 $ 22,870,000 $ 2,670,000 $ Compensated absences 150,181 152,449 150,181 152,449 152,449 Total business-type activities long-term liabilities 25,590,181 $ 152,449 $ 2,720,181 $ 23,022,449 $ 2,822,449 $ ` Beginning Ending Due Within Discretely Presented Component Unit: Balance Additions Reductions Balance One Year First mortgage general obligation bonds 13,600,000 $ - $ 5,955,000 $ 7,645,000 $ 5,315,000 $ Compensated absences 805,018 798,991 712,824 891,185 148,531 Unearned Revenue 1,282,533 1,450,110 1,282,533 1,450,110 1,450,110 Net Pension Liability 6,392,654 1,191,442 1,793,698 5,790,398 - Total discretely presented component unit 22,080,205 $ 3,440,543 $ 9,744,055 $ 15,776,693 $ 6,913,641 $ Coliseum ticket office fund 1,037,909 $ Coliseum advance customer deposits 2,852 Food and beverage supplemental tax fund 5,656,132 Sports and convention fund 1,323,161 Total restricted assets 8,020,054 $ Governmental Activities Net position, previously reported at December 31, 2019 470,386,010 $ Prior period adjustment for Deferred (Inflows) of Resources: Unavailable Revenue (14,742,696) Net Position, restated at January 1, 2020 455,643,314 $ 52 ---PAGE BREAK--- In prior years custodial funds Tax Distribution and County Treasurer were presented separately. In 2020, these two custodial funds were combined into one fund titled County Treasurer Tax Funds, as they both represent tax dollars the county is holding for other governmental units. The following schedule presents a summary of the restated custodial funds: 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. RESTATED December 31, 2019 Tax County County Treasurer Distribution Treasurer Tax Funds Assets Cash and cash equivalents 2,773,933 $ 11,989,716 $ 14,763,649 $ Receivables: Accounts - 12,595,118 12,595,118 Taxes for other governments 57,553,378 - 57,553,378 Total receivables 57,553,378 12,595,118 70,148,496 Investments at fair value: U.S. government securities - - - Total investments - - - Total assets 60,327,311 24,584,834 84,912,145 ORIGINAL Liabilities Accounts payable and other liabilities - - - Due to other governments 20,379,639 12,595,118 32,974,757 Total liabilities 20,379,639 12,595,118 32,974,757 Net Position Restricted for: Individuals, organizations and other governments 39,947,672 11,989,716 51,937,388 Total net position restricted for fiduciary funds 39,947,672 11,989,716 51,937,388 53 ---PAGE BREAK--- 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 several 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 from the money or funds collected on behalf of the County arising from automobile insurance. The funding level for 2020 was $297,722. There were no incurred but not reported claims on December 31, 2020. The cash and cash equivalents on December 31, 2020, were $908,685. 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 2020 was $401,890. Incurred but not reported claims have not been accrued as a liability on December 31, 2020. The cash and cash equivalents on December 31, 2020, were $151,694. 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 2020 was $9,858,186. The cash and cash equivalents on December 31, 2020, were $5,476,895. Claim expenditures and liabilities of the fund are reported when it is probable that a loss has occurred, and the amount of the loss can be reasonably estimated. These losses include an estimate of claims that have been incurred but not reported (IBNRs). Claim liabilities are calculated considering the effects of inflation, recent claim settlement trends including frequency and amounts of pay outs and other economic and social factors. Changes in the balance of claim liabilities during the past two years are as follows: 2019 2020 Unpaid claims, beginning of fiscal year 1,649,106 $ 2,853,850 $ Incurred claims and changes in estimates 14,275,432 13,429,995 Claim payments 13,070,688 13,648,505 Unpaid claims, end of fiscal year 2,853,850 $ 2,635,340 $ 54 ---PAGE BREAK--- Worker’s Compensation The primary government has chosen to establish a risk financing fund for risks associated with worker’s compensation claims. The risk financing fund is accounted for in the Workman Compensation Self-Insurance fund, an internal service fund, where assets are set aside for claim settlements. An excess policy through commercial insurance covers individual claims in excess of $300,000 per year. Settled claims resulting from this risk did not exceed commercial insurance coverage in 2020. 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 2020 was $1,245,500. There were no incurred but not reported claims on December 31, 2020. The cash and cash equivalents on December 31, 2020, were $67,973. 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. On December 31, 2020, there were four series of Industrial Revenue Bonds outstanding with an aggregate principal amount payable of $69,740,335. 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 and charging facility rent. Rent payments totaling $263,078 were received by Allen County during 2020. The lease with Recovery Health Services, Inc. terminated in May of 2020 and the property was vacated. E. Commitment Allen County and the City of Fort Wayne jointly have an agreement with Atos for information resource management. Atos staffs and manages the operation of the City/County data center and provides technical support for networks, servers, help desk, desktops and application enhancement. The County provides office space, computer operating supplies, utilities, office equipment and items necessary for day to day operations. In addition, the County provides computer hardware as it deems necessary for Atos. The current agreement began on January 1, 2017 and continues through December 31, 2021 with an option for a three-year extension. F. Tax Incremental Revenue Bonds and Loans 1. Infrastructure for General Motors Facility Allen County provided certain public infrastructure improvements (water and sewer main extensions, and right-of-way acquisition of Dalman Road) that were necessary to meet a previous commitment to General Motors. 55 ---PAGE BREAK--- The Allen County Redevelopment District Tax Increment Revenue issued Series 2015C in the amount of $2,050,000 to be used to provide money to finance infrastructure improvements along Pleasant Center Road. Total debt outstanding on December 31, 2020 was $2,050,000. 2. Infrastructure for General Mills Allen County provided certain public infrastructure improvements for road and drainage and wrote down part of the cost of the property. These improvements were financed by a loan from Allen County Highway and Local Income Tax-Economic Development (formerly CEDIT) Funds. The loan outstanding on December 31, 2020, was Repayment of the loan will be made by using tax increment financing revenues from the Bluffton Road East Economic Development Area. 3. Infrastructure for Stonebridge Business Park Allen County provided certain public infrastructure improvements for the construction of the Stonebridge Business Park. These improvements were financed by a loan from Local Income Tax-Economic Development Fund. The loan outstanding on December 31, 2020, was $4,578,661. Repayment of the loan will be made by using tax increment financing revenues from the Stonebridge and Group Delphi TIF. 4. Infrastructure for Diebold Road Project Allen County provided certain public infrastructure improvements, along with the City of Fort Wayne, under a reimbursement agreement and inter-local agreement for the reconstruction of a portion of Diebold Road. These improvements were financed by a loan from the Local Income Tax-Economic Development Fund. The loan outstanding on December 31, 2020, was $978,410. Repayment of the loan will be made by using tax increment financing revenues from the Dupont Corner TIF. 5. Infrastructure for Kroemer Road Project Allen County provided certain public infrastructure improvements for the reconstruction of a portion of Kroemer Road. These improvements were financed by a loan from the Tax Abatement Development Fund. The loan outstanding on December 31, 2020 was $169,622. Repayment of the loan will be made by using tax increment financing revenues from the Greatbatch TIF. 6. Infrastructure for Ryan Road Project Allen County provided certain public infrastructure improvements for the reconstruction of a portion of Ryan Road. These improvements were financed by a loan from the Local Income Tax – Economic Development Fund. The loan outstanding on December 31, 2020 was $3,899,823. Economic Development areas were established to repay the above bonds and loans. Property taxes generated from increased property valuations in the economic development areas are used to repay the bonds. Since Allen County is not obligated to make the debt payments, these bonds are not considered debt of the County. If the increased property taxes do not generate sufficient revenues to pay the debt service payments, up to the highest bond payment, which in 2020 was $148,769; GM TIF requirements may be allocated from the Local Income Tax-Economic Development (formerly CEDIT) towards the debt service payments. 56 ---PAGE BREAK--- 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. On December 31, 2020, 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 no abatement is given. One notable exception exists for personal property, in addition to the abatement schedules previously mentioned, IC 6-1.1-12.1-18 allows up to a 20-year abatement schedule and the County has adopted such schedule pending certain criteria is met. For the abovementioned abatements, annual compliance is required involving the submission of the DLGF prescribed compliance forms (CF-1). After reviewing the CF-1 forms, should County Council determine that the applicant is not in compliance with the originally provided SB-1, County Council may determine non-compliance and revoke or deny the abatement for that specific year. Furthermore, IC 6-1.1-12.1-12 provides a mechanism that should a property owner falsely claim the abatement they are liable for the taxes that would have been payable including a 10 percent penalty. 57 ---PAGE BREAK--- County Council Approved Property Tax Abatements December 31, 2020: The County abated property tax revenues totaling $3,235,000 for year ended December 31, 2020 including the following tax abatements that each exceeded 10% of the total County amount abated: Approximately $2,422,000 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. Another $325,000 in property tax revenues were abated for a national milk producer for real and personal property investment and job retention resulting from the construction of a new facility. 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 $3.2 million noted above County property tax revenues were also reduced $1,512,000 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 Development for a Growing Economy (EDGE) and the Hoosier Business Investment (HBI) tax Amount of County Tax Tax Abatement Category Revenues Abated Redevelopment or Rehabilitation of real estate property 1,261,000 $ Business personal property equipment investment 1,974,000 Total 3,235,000 $ Amount of County City/Town Tax Revenues Abated Fort Wayne 1,286,000 $ New Haven 169,000 Woodburn 37,000 Monroeville 3,000 Huntertown 5,000 Leo-Cedarville 1,000 Grabill 11,000 Total 1,512,000 $ 58 ---PAGE BREAK--- credits. These programs offer income tax credits for pre-approved eligible capital investment and job creation. On December 31, 2020, there are approximately 109 recipients in Allen County with Active IEDC contracts for which almost $39,164,000 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, 2020, 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 $160 million of local income tax revenue was received and allocated to Allen County taxing units during 2020 alone. If you take the $39,164,000 in credits received and divide evenly amongst the average Active Term contract length of 3.6 years, the credit is $10,879,000 per year. Taking into context these credits would be applied to the four taxes previously noted; the applicability to the local tax would be minimal if at all. County Commitments: The County has Ledge and Tax Increment Finance (TIF) commitments to certain parties which may be in conjunction with or separate from property tax abatements. These commitments arise from agreements between the recipient and the County Redevelopment Commission, Commissioners and Council for job creation in return for certain incentives. Terms of these agreements may vary between each agreement. Contrary to the previously mentioned tax abatements for which revenue is forgone, the property tax revenue to fund these commitments and the associated expense are reflected in the fund financial statements. The County paid recipient’s $639,812.23 during 2020 for achieving goals outlined in the Ledge and TIF agreements. Discretely Presented Component Unit The Allen County Public Library has not entered into any tax abatement agreements. However, other local governmental units have entered into tax abatement agreements that have reduced the Library’s revenues during 2020. The table below summarizes the taxes that have been abated. H. Other Postemployment Benefits Single-Employer Defined Benefit Healthcare Plan Plan Description The Allen County Retiree Healthcare Plan is a single-employer defined benefit healthcare plan administered by Allen County in an internal service fund. Full-time and part-time employees who work at least 30 hours per week are eligible for retiree health care coverage until Medicare eligibility Real Personal Total Governmental Unit Property Tax Property Tax Abated Allen County 456,761 $ 715,031 $ 1,171,792 $ Fort Wayne 288,674 177,283 465,957 Grabill 2,768 1,337 4,105 Huntertown 1,462 397 1,859 Leo-Cedarville 202 - 202 Monroeville 813 278 1,091 New Haven 16,613 44,710 61,323 Woodburn 11,882 1,523 13,405 Total 779,175 $ 940,559 $ 1,719,734 $ No amounts have been received and no amounts are receivable from other governments in association with the forgone tax revenue. 59 ---PAGE BREAK--- (age 65). Both civilians and sworn officers are eligible for retiree health care coverage once they attain age 50 with 15 years of service. Indiana Code 5-10-8 assigns the authority to establish and amend benefit provisions to the County. Early retirement incentive eligibility is only open to employees who were hired before July 1, 2010. Full-time sworn officers are eligible for the early retirement incentive benefit once they attain age 55 with 20 years of service. Full-time civilians are eligible for the early retirement incentive benefit at the earlier of: Age 55 and rule 85; or Age 60 with 15 years of service. Part-time civilians working at least 30 hours per week are not eligible for the early retirement incentive benefit. On December 31, 2020, Plan membership consisted of the following: Benefits Provided The longevity benefit is the minimum of 100% of salary at retirement or 1% of the base salary at retirement multiplied by years of service. The County explicitly subsidizes retiree health care coverage the early retirement incentive program. Sworn officers who do not elect retiree health care coverage through the County are paid 70% of longevity benefit for 10 years or to age 65, whichever occurs first. Sworn officers who elect retiree health care coverage through the County are paid 50% of longevity benefit, which is used to reduce health care premiums, for 10 years or to age 65, whichever occurs first. Any excess of the 50% of longevity benefit over premiums is paid to the retired sworn officers. Civilians who do not elect retiree health care coverage through the County are paid $350 per month for 10 years or age 65, whichever occurs first. Civilians who elect retiree health care coverage through the County are paid $150 per month, which is used to reduce health care premiums, for 10 years or to age 65, whichever occurs first. Retirees are responsible for the portion of premium rates not covered by the County’s explicit subsidy. Retiree health care coverage continues to the surviving spouse of retirees if they pay the required premium. The early retirement incentive benefit is terminated upon retiree’s death. All employees must enroll in the same retiree plan at retirement although there are three benefit options available to active employees. All health plans are self-insured. Contributions The contribution requirements of plan members for the Allen County Retiree Healthcare Plan are established by the County Commissioners. The required contribution is based on projected pay- as-you-go financing requirements. There are no assets in a trust. For the year ended December 31, 2020, the County contributed $453,364 to the plan. Net OPEB liability of the plan On December 31, 2020, the most recent actuarial valuation date, the plan was unfunded. The components of the net OPEB liability of the Plan on December 31, 2020 were as follows: Inactive plan members or beneficiaries currently receiving benefits 23 Inactive plan members or beneficiaries entitled to but not yet receiving benefits 25 Active plan members 1,287 Total 1,335 60 ---PAGE BREAK--- OPEB Expense of the Plan OPEB expense of $1,140,975 must be recognized for the fiscal year ending December 31, 2020. Significant Actuarial Assumptions Total OPEB liability 15,170,826 $ Plan fiduciary net position - Plan's net OPEB liability 15,170,826 $ Plan fiduciary net position as a percentage of the total OPEB liability 0.00% Measurement Date December 31, 2020 Actuarial Valuation Date December 31, 2020 with no adjustments to get to the December 31, 2020 measurement date. Liabilitites as of January 1, 2020 are based on an actuarial valuation date of January 1, 2019 projected to January 1, 2020 on a "no loss / no gain" basis. Inflation Rate 2.25% per year Salary Changes Payroll growth rates for Civilians including general wage inflation of 2.75% (includes 2.25% general inflation plus 0.50% real wage inflation) plus merit/productivity increases as shown below are based on the most recent Indiana Public Retirement System Public Employees' Retirement Fund actuarial valuation as of June 30, 2020. The payroll growth rate for Sworn Officers is 2.75% following general wage inflation based on the most recent Indiana Retirement System 1977 Police Officers' and Firefighters' Retirement Fund actuarial valuation as of June 30, 2020. YOS General 0 6.00% 1 5.00% 3 3.00% 5 2.00% 7 1.50% 10 0.75% 13+ 0.00% FYE Medical/Rx FYE Medical/Rx 2021 8.0% 2025 6.0% 2022 7.5% 2026 5.5% 2023 7.0% 2027 5.0% 2024 6.5% 2028+ 4.5% Healthcare cost trend rate The initial trend rate was based on a combination of employer history, national trend surveys, and professional judgement. The ultimate trend rate was selected based on historical medical CPI information. 61 ---PAGE BREAK--- Discount Rate Under GASB 75, the discount rate used in valuing OPEB liabilities for unfunded plans on the Measurement Date must be based on a yield for 20-year tax-exempt general obligation municipal bonds with an average rating of AA/Aa or higher (or equivalent quality on another rating scale). For the current valuation, the discount rate was selected from the range of indices as shown in the table below, where the range is given in the spread between the lowest and highest rate shown. Changes in the total OPEB liability Sensitivity of the Net OPEB Liability to Changes in the Discount Rate and Healthcare Rate The following presents the net OPEB liability on December 31, 2020, calculated using the discount rate assumed of 2.12% and what it would be using a 1% higher (3.12%) and 1% lower (1.12%) discount rate. Bond Buyer GO 20-Year S&P Municipal Bond 20-Year Fidelity 20-Year GO Bond Index Actual Discount Bond Municipal Bond Index High Grade Rate Index Municipal Bond Index Range Rate Used Yield as of January 1, 2020 2.74% 3.26% 2.75% 2.74% - 3.26% 3.26% Yield as of December 31, 2020 2.12% 1.93% 2.00% 1.93% - 2.12% 2.12% Mortality Assumption Civilians: SOA Pub-2010 General Headcount Weighted Mortality Table fully generational using Scale MP-2020 Sworn Officers: SOA Pub-2010 Public Safety Headcount Weighted Mortality Table fully generational using Scale MP-2020 Survinving Spouses: SOA Pub-2010 Continuing Survivor Headcount Weighted Mortality Table fully generational using Scale MP-2020 Experience Study Best actuarial practices call for a periodic assumption review and Nyhart recommends the County complete an actuarial assumption review (also referred to as an experience study) before the next full valuation for the fiscal year ending December 31, 2022. The actuarial assumptions have not been updated since at least the fiscal year ending December 31, 2007 valuation. Total OPEB Liability Balance at December 31, 2019 11,079,936 $ Changes for the year: Service cost 314,181 Interest 364,118 Change of benefit terms - Changes in assumptions 2,026,022 Differences between expected and actual experience 1,839,933 Benefit payments (453,364) Net Changes 4,090,890 Balance at December 31, 2020 15,170,826 $ 62 ---PAGE BREAK--- The following presents the net OPEB liability on December 31, 2020, using the health care trend rates assumed and what it would be using 1% higher and 1% lower health care trend rates. Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions Deferred Outflows/(Inflows) of Resources represents the following items that have not been recognized in the OPEB expense: Differences between expected and actual experience of the OPEB plan; Changes of assumptions; Differences between projected and actual earnings in OPEB plan investments (for funded plans only). The initial amortization period for the first two items noted above is based on expected future service lives while the difference between the projected and actual earnings in OPEB plan investment is amortized over five years. All balances are amortized linearly on a principal only basis and new bases will be created annually for each of the items above. The balances on December 31, 2020 of the deferred outflows/(inflows) of resources will be recognized in OPEB expense in the future fiscal years as noted below. Current Health 1% Decrease Care Trend Rate 1% Increase Net OPEB Liability 14,285,128 $ 15,170,826 $ 16,207,653 $ Initial Annual December 31, 2020 Initial Balance Amortization Period Recognition Unamortized Balance Differences between expected and actual experience for FYE: Base for year ending December 31, 2018 (25,540) $ 7 (3,649) $ (14,593) $ Base for year ending December 31, 2019 (389,678) 7 (55,668) (278,342) Base for year ending December 31, 2020 1,839,933 7 262,848 1,577,085 Changes in assumptions for FYE: Base for year ending December 31, 2018 (990,452) 7 (141,493) (565,973) Base for year ending December 31, 2019 778,441 7 111,206 556,029 Base for year ending December 31, 2020 2,026,022 7 289,432 1,736,590 Net Difference between projected and actual earnings in OPEB plan investments for FYE: Base for year ending December 31, 2018 - N/A - - Base for year ending December 31, 2019 - N/A - - Base for year ending December 31, 2020 - N/A - - 462,676 $ 3,010,796 $ Current 1% Decrease Discount Rate 1% Increase (1.12%) (2.12%) (3.12%) Net OPEB Liability 16,586,386 $ 15,170,826 $ 13,880,812 $ 63 ---PAGE BREAK--- 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 2020 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 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, 5-10.3, 5-10.5, 35 IAC 1.2) 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 Public Employees’ Hybrid Plan (PERF Hybrid) consists of two components: PERF Defined Benefit plan, the employer-funded defined benefit component, and the Public Employees’ Hybrid Members Defined Contribution Account, the Fiscal Year End Amortization Dec. 31, 2021 462,676 $ Dec. 31, 2022 462,676 Dec. 31, 2023 462,676 Dec. 31, 2024 462,678 Dec. 31, 2025 607,815 Thereafter 552,275 Total 3,010,796 $ 64 ---PAGE BREAK--- defined contribution component. Members’ contributions are set by the state statute at 3 percent of compensation for the defined contribution component of PERF Hybrid. The employer may elect to make the contribution on behalf of the member of the defined contribution component of the PERF Hybrid. Contributions to the PERF DB are determined by INPRS Board based on actuarial valuation 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 contribution account. Pension benefits vest after 10 years of creditable service. Members are immediately vested in their contribution account. At retirement, a member may choose to receive a lump sum payment of the amount credited to the member’s contribution account, receive the amount as an annuity, or leave the contributions invested with INPRS. A member who has reached age 65 and has at least 10 years of creditable service is eligible for normal retirement and is entitled to 100 percent of the pension benefit component. This annual pension benefit is equal to 1.1 percent times the average annual compensation times the number of years of creditable service. The average annual compensation in this calculation uses the highest 20 calendar quarters of salary in a covered position. A member who has reached age 60 and has at least 15 years of creditable service is eligible for normal retirement and is entitled to 100 percent of the pension benefit. A member who is at least 55 years old and whose age plus number of years of creditable service is at least 85 is entitled to 100 percent of the pension benefit. A member who has reached age 50 and has at least 15 years of creditable service is eligible for early retirement with a reduced pension. A member retiring early receives a percentage of the normal pension benefit, which remains the same for the member’s lifetime. The PERF plan also provides disability benefits to members. A member who has at least 5 years of creditable service and becomes disabled while in active service, on FMLA leave, receiving worker’s compensation benefits, or receiving employer provided disability insurance benefits may retire for the duration of the disability if they have qualified for social security disability benefits and furnish proof of the qualification. The disability benefit is calculated the 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. 65 ---PAGE BREAK--- 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 2020, 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, 2020 was $5,725,946 and was equal to the required contribution for 2020. For 2020, the Allen County Public Library (discretely presented component unit) has elected to make the employee required 3 percent contribution on behalf of their employee members and 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, 2020 was $1,132,939. Actuarial Assumptions There were changes in assumptions for the June 30, 2020 actuarial valuation. The actuarial assumptions used in the June 30, 2020 valuation of the Public Employee’s Retirement Fund were adopted by the INPRS Board in February 2020. The total pension liability in the June 30, 2020 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Changes in assumptions: The COLA assumption was changed due to passage of Senate Enrolled Act No. 373. In lieu of a 1% COLA occurring beginning on January 1, 2010, the Plan now assumes that the COLA will be replaced by a 13th check for 2020 and 2021. The COLA assumption thereafter would be 0.4% beginning on January 1, 2022, changing to 0.5% beginning on January 1, 2034, and ultimately 0.6% beginning on January 1, 2039. The future salary increase assumption changed from an age-based table ranging from 2.50 percent to 4.25 percent to a service-based table ranging from 2.75 percent to 8.75 percent. The load placed on the final average earnings to account for additional wages received upon termination, such as severance pay or unused sick leave, increased by $200. The mortality assumption changed from 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 to the Pub-2010 Public Retirement Plans Mortality Tables with a fully generational projection of mortality improvements using SOA Scale MP- 2019. Specific mortality table variants and adjustments are used for different subpopulations. The retirement assumption was updated based on recent experience and was updated from an age-and service-based table to an age-based table dependent on eligibility for a reduced benefit or unreduced benefit. Additionally, for actives who are eligible for early retirement (reduced benefit), 30 percent are now assumed to commence benefits immediately and 70 percent are assumed to commence benefits at unreduced retirement eligibility. Previously 33 percent of actives were assumed to commence benefits with early retirement while 67 percent were assumed to wait for unreduced retirement eligibility. Inflation 2.25% Salary Increases 2.75% to 8.75% Cost-of-living increases 13th Check 66 ---PAGE BREAK--- The termination assumption was updated based on recent experience. For members in political subdivisions earning more than $20,000, the sex-distinct tables were combined to one unisex service-based table. For members in political subdivisions earning less than $20,000, the sex- distinct age-based table was maintained and the rates were updated based on experience. The disability assumption was updated based on recent experience. The marital assumption was updated based on recent experience 80 percent of male members and 65 percent of female members are assumed to be married or to have a dependent beneficiary. Previously, 75 percent of male members and 60 percent of female members were assumed to be married or to have a dependent beneficiary. 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. In order to determine the expected long-term nominal rate of return, the asset class geometric real returns are projected for a 30-year time horizon. These returns are combined with a projected covariance matrix and the target asset allocations to create a range of expected long-term real rates of return for the portfolio. A range of possible expected long- term rates of return is created by adding the forecasted inflation to the expected long-term rates of return and adding an expected contribution to the return due to manager selection. This range ultimately supports the long-term expected rate of return assumption of 6.75% selected by the Board as the discount rate. The assumption is a long-term assumption and is not expected to change with small fluctuations in the underlying inputs but may change with a fundamental shift in the underlying market factors or significant asset allocation change. 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 Long Term Target Expected Real Allocation Rate of Return Public Equity 22.0% 4.4% Private Markets 14.0 7.6 Fixed Income - Ex Inflation Linked 20.0 1.9 Fixed Income - Inflation Linked 7.0 0.5 Commodities 8.0 1.6 Real Estate 7.0 5.8 Absolute Return 10.0 2.9 Risk Parity 12.0 5.5 Total 100.0 67 ---PAGE BREAK--- 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 On December 31, 2020, the primary government recorded a pension liability of $27,638,118 for their proportionate share of the net pension liability. The net pension liability was measured on June 30, 2020, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation on that date. The primary government’s proportion of the net pension liability was based on wages reported by employers relative to the collective wages of the plan. On June 30, 2020, the primary government’s proportion was .91505 percent, which was a decrease of .03133 from its proportion measured on June 30, 2019. On December 31, 2020, the Allen County Public Library (discretely presented component unit) reported a liability of $5,790,398 for their proportionate share of the net pension liability. The net pension liability was measured on June 30, 2020, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation on that date. The Library’s proportionate share of the net pension liability was based on wages reported by employers relative to the collective wages of the plan. On June 20, 2020 the Library’s portion was .19171 percent, which was a decrease of .00171 percent from its proportion measured on June 30, 2019. For the year ended June 30, 2020, the primary government recognized pension expense of $1,064,896. On June 30, 2020, the primary government reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: The primary government reported $2,963,063 as deferred outflows of resources related to pensions resulting from the primary government’s contributions subsequent to the measurement date that will be recognized as a reduction of net pension liability in the year ended December 31, 2021. Other amounts reported as deferred outflows of resources and Current 1% Decrease Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) County's proportionate share of the net pension liability 45,059,533 $ 27,638,118 $ 13,046,268 $ Deferred Outflows Deferred Inflows of Resources of Resources Differences between expected and actual experience 489,668 $ 371,077 $ Net difference between projected and actual investment earnings on pension plan investments 2,365,376 - Change of assumptions - 5,758,629 Changes in proportion and differences between employer contributions and proportionate share of contributions 20,359 1,988,346 Employer contributions subsequent to the measurement date 2,963,063 - Total 5,838,466 $ 8,118,052 $ Current 1% Decrease Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) Library's proportionate share of the net pension liability 9,440,318 $ 5,790,398 $ 2,733,293 $ 68 ---PAGE BREAK--- deferred inflows of resources related to pensions will be recognized in pension expense as follows: For the year ended June 30, 2020, the Allen County Public Library (discretely presented component unit) recognized pension expense of $466,327. On June 30, 2020, the Library reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: The Allen County Public Library (discretely presented component unit) reported $553,651 as deferred outflows of resources related to pensions resulting from Library contributions subsequent to the measurement date that will be recognized as a reduction of their net pension liability in the year ended December 31, 2021. 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: Year Ended June 30 2021 (3,918,041) $ 2022 (1,628,909) 2023 (700,454) 2024 1,004,755 2025 - Thereafter - Total (5,242,649) $ Year Ended June 30 2021 (645,977) $ 2022 (254,184) 2023 (110,307) 2024 210,504 2025 - Thereafter - Total (799,964) $ Deferred Outflows Deferred Inflows of Resources of Resources Differences between expected and actual experience 102,589 $ 77,744 $ Net difference between projected and actual investment earnings on pension plan investments 495,565 - Change of assumptions - 1,206,477 Changes in proportion and differences between employer contributions and proportionate share of contributions - 113,897 Employer contributions subsequent to the measurement date 553,651 - 1,151,805 $ 1,398,118 $ 69 ---PAGE BREAK--- Indiana Public Retirement System One North Capitol Avenue, Suite 001 Indianapolis, IN 46204 Ph. (888) 526-1687 Benefit Payment Policies Pension, disability, special death benefits, and distributions of contributions and interest are recognized when due and payable to members or beneficiaries. Benefits are paid once the retirement or survivor applications have been processed and approved. Distributions of contributions and interest are refunds from non-vested inactive members’ annuity savings accounts. These distributions may be requested by members or automatically distributed by the fund when certain criteria are met. Valuation of Pension Plan Investments Investments are generally reported at fair value. Fair value is the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date. Short-term investments consist primarily of cash, money market funds, certificates of deposits and fixed income instruments with maturities of less than one year. Short-term investments are generally reported using cost-based measures, which approximates fair value. Fixed income securities consist primarily of the U.S. government, U.S. government-sponsored agencies, publicly traded debt and commingled investment debt instruments. Equity securities consist primarily of domestic and international stocks in addition to commingled equity instruments. Fixed income and equity securities are generally valued based on published market prices and quotations from national security exchanges and security pricing services. Securities that are not traded on a national security exchange are valued using modeling techniques that include market observable inputs. Commingled funds are valued using the net asset value (NAV) of the entity. Alternative investments include limited partnership interests in private market, absolute return, real estate and risk parity investment strategies. Publicly traded alternative investments are valued based on quoted market prices. In the absence of readily determinable public fair values, alternative investments are valued using current estimates of fair value obtained from the general partner or investment manager. Holdings are generally valued by a general partner or investment manager on a quarterly or semi-annual basis. Valuation assumptions are based upon the nature of the investment and the underlying business. Additionally, valuation techniques will vary by investment type and involve a certain degree of expert judgement. Alternative investments, such as investments in private market or real estate, are generally considered to be illiquid long-term investments. Due to the inherent uncertainty that exists in the valuation of alternative investments, the realized value upon the sale of an asset may differ significantly from the fair value. Derivative instruments are marked to market daily with changes in fair value recognized as part of investments and investment income. Fully benefit-responsive guaranteed investment contracts are reported at contract value. B. Single-Employer Defined Benefit Pension Plans 1. County Police Retirement Plan Plan Description The Allen County Police Retirement Plan (Plan) is a single-employer defined benefit pension plan established to provide retirement, termination/severance, disability, and survivor benefits 70 ---PAGE BREAK--- 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). On December 31, 2020, 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 on normal retirement for an unreduced benefit upon attainment of age fifty-five (55) and completion of at least twenty (20) years of credited service, or age sixty (60). A reduced early retirement benefit is available to members with at least twenty (20) years of credited service any time after attainment of age fifty-two (52) with a reduction factor of five- percent (5/12%) for each month by which the early retirement date precedes what would have been the normal retirement date. A member who continues employment beyond his normal retirement age shall be eligible for a late retirement benefit upon actual retirement equal to the member’s benefit earned in accordance to the normal retirement formula with credit given for subsequent service (provided that the thirty-two (32) year credited service maximum shall not be exceeded in computing the benefit). The severance benefit payable to a member prior to completion of five years of credited service or attainment of age forty-five (45) is a lump sum payment of the net amount of contributions (including interest) plus the amount transferred by the member for the purchase of credited service. After completion of five years of credited 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 on 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. Inactive plan members or beneficiaries currently receiving benefits 102 Inactive plan members or beneficiaries entitled to but not yet receiving benefits 7 Active plan members 138 Total 247 71 ---PAGE BREAK--- In the event a married or unmarried member who does not have a 100% vested interest dies as a result of non-line of duty activity prior to reaching his normal retirement date, the designated beneficiary shall be entitled to receive a death benefit which shall be a lump sum equal to his net amount of contributions (including interest) plus the amount transferred by the member for the purchase of credited service. In the event a married or unmarried member who has a 100% vested interest dies as a result of non-line of duty or line of duty activity prior to reaching his normal retirement date, the designated beneficiary shall be entitled to receive a death benefit which shall be a lump sum equal to his net amount of contributions (including interest), reducing the benefit payable that shall be payable from the Supplemental Benefit Trust. In the event an unmarried member, or a married member who has designated a beneficiary other than his spouse, dies after attaining his normal retirement date but prior to the commencement of any benefit from the Plan, the designated beneficiary shall receive 120 payments equal to the amount of the pension the participant would have received if payments had commenced on the date of his death. In the event a married member, who has designated his spouse as his beneficiary, dies after attaining his normal retirement date but prior to the commencement of any benefit from the Plan, the surviving spouse shall receive 100% of the participant’s accrued benefit as a annuity payable for their remaining lifetime. Contributions The Employer intends to contribute to the Plan each year such amounts as may be required to operate the Plan on a sound actuarial basis. The minimum annual contribution by the department must be sufficient, as determined by the pension engineers, to prevent deterioration in the actuarial status of the trust fund during the year. According to IC 36-8-10- 12(e), if the department fails to make minimum contributions for three successive years, the pension trust terminates, and the trust fund shall be liquidated. For the year ending December 31, 2020, the mandatory member contribution rate (per the Plan’s legal document) was 3.00% of annual pay and the actuarially determined Employer’s contribution rate was 26.6% of annual payroll. Investment Policy The pension plan’s policy regarding the allocation of invested assets is established and may be amended by the Board (per Plan legal document) by a majority vote of its members. To maintain compliance with the Investment Policy Statement, the board retains the ability to implement changes in asset allocation. This will be accomplished by the direction of Fund cash flows to various asset classes and/or the reallocation of funds among asset categories. At its option, the Board may initiate a formal asset allocation study every three to five years to aid it in its asset allocation discussions and decisions. The Board desires the portfolios to be fully invested. Cash (or its equivalents) are not deemed a strategic asset of the overall Fund. The Board has revised the asset allocation policy on July 29, 2019. Target Allocation Asset Class Percentage Domestic Large Stocks 30 Domestic Small Stocks 15 Dev. International Stocks 10 Emerging Market Stocks 5 Fixed Income-Core 35 Cash & Equivalents 5 Total 100 72 ---PAGE BREAK--- Rate of Return For the year ended December 31, 2020, the annual money-weighted rate of return on pension plan investments, net of pension plan expense was 14.32 percent. The money-weighted rate of return expresses the investment performance, net of investment expense, adjusted for the changing amounts invested. Deferred Retirement Option Program The Deferred Retirement Option Program (DROP) for the Plan was established on July 1, 2011 pursuant to the Plan legal document and is governed by the Employer and a trustee. 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 on 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. On December 31, 2020, the balance of the amounts held by the plan pursuant to the DROP is $377,324. Net Pension Liability of the Plan The components of the net pension liability of the Plan on December 31, 2020 were as follows: Pension Expense of the Plan Pension expense of $1,014,489 must be recognized for the fiscal year ending December 31, 2020. Significant Actuarial Assumptions Total pension liability 70,343,985 $ Plan fiduciary net position (64,818,276) Plan's net pension liability 5,525,709 $ Plan fiduciary net position as a percentage of the total pension liability 92.14% Measurement Date December 31, 2020 Valuation Date Assets December 31, 2020 Liabilities December 31, 2020 - Actual member census data as of December 31, 2020 was used in the valuation. Inflation Rate 3.00% per annum 73 ---PAGE BREAK--- Discount Rate The discount rate used to measure the total pension liability was 6.75% on December 31, 2020 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 On December 31, 2020, the deferred outflows/(inflows) of resources based on obligations for the plan are as follows: Future Salary Increases 4.00% per annum (3.00% increases due to inflation and 1.00% due to merit/seniority.) Investment Rate of Return 6.75% per annum, net of pension plan investment expenses, including inflation Cost of Living Increase Not Applicable Mortality Assumption Pub-2010 Safety Amount-Weighted Mortality Projected Generationally with Scale MP-2020 (separate employee, retiree, contingent survivor, and disabled retiree tables and male and female tables) Current 1% Decrease Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) Total Pension Liability 78,525,841 $ 70,343,985 $ 63,462,046 $ Plan Fiduciary Net Position 64,818,276 64,818,276 64,818,276 Net Pension Liability 13,707,565 $ 5,525,709 $ (1,356,230) $ Initial Annual December 31, 2020 Initial Balance Amortization Period Recognition Balance Liability experience losses/(gains): Base for year ending December 31, 2020 (376,230) $ 4.916 (76,532) $ (299,698) $ Base for year ending December 31, 2019 1,585,743 5.049 314,071 957,601 Base for year ending December 31, 2018 321,820 5.216 61,699 136,723 Base for year ending December 31, 2017 1,212,624 5.157 235,141 272,060 Base for year ending December 31, 2016 227,812 5.243 43,451 10,557 Base for year ending December 31, 2015 108,503 5.157 3,303 - 74 ---PAGE BREAK--- The balances on December 31, 2020 of the deferred outflows/(inflows) of resources will be recognized in pension expense as follows: Changes in assumptions: Base for year ending December 31, 2020 (202,750) $ 4.916 (41,243) $ (161,507) $ Base for year ending December 31, 2019 786,080 5.049 155,690 474,700 Base for year ending December 31, 2018 (143,815) 5.216 (27,572) (61,099) Base for year ending December 31, 2017 819,710 5.157 158,951 183,906 Base for year ending December 31, 2016 (544,042) 5.243 (103,765) (25,217) Base for year ending December 31, 2015 732,983 5.157 22,313 - Investment losses/(gains): Base for year ending December 31, 2020 (4,283,618) $ 5.000 (856,724) $ (3,426,894) $ Base for year ending December 31, 2019 (5,715,945) 5.000 (1,143,189) (3,429,567) Base for year ending December 31, 2018 5,640,467 5.000 1,128,093 2,256,188 Base for year ending December 31, 2017 (2,859,279) 5.000 (571,856) (571,855) Base for year ending December 31, 2016 (947,387) 5.000 (189,479) - (887,648) $ (3,684,102) $ 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 4.916 years, the average remaining service of all members with any liability in the plan as of January 1, 2020. The change in net pension liability due to investment losses/(gains) has been amortized over 5.000 years as prescribed. Fiscal Year End Amortization Dec. 31, 2021 (678,130) $ Dec. 31, 2022 (423,831) Dec. 31, 2023 (1,640,557) Dec. 31, 2024 (941,584) Dec. 31, 2025 - Thereafter - Assumption changes: The changes in assumptions for base year ending December 31, 2020 reflect the change from the use of the Pub-2010 Safety Amount-Weighted Mortality Projected Generationally with Scale MP-2019 (separate employee, retiree, contingent survivor, and disabled retiree talbes and male and female tables) to the Pub-2010 Safety Amount-Weighted Mortality Projected Generationally with Scale MP-2020 (separate employee, retiree, contingent survivor, and disabled retiree tables and male and female tables). The changes in assumptions for base year ending December 31, 2019 reflect the change from the use of the RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2018 (separate employee and annuitant tables and male and female tables) to the Pub-2010 Safety Amount Weighted Mortality Projected Generationally with Scale MP-2019 (separate employee, retiree, contingent survivor, and disabled retiree tables and male and female tables). The changes in assumptions for base year ending December 31, 2018 reflect the change from the use of the RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2017 (separate employee and annuitant tables and male and female tables) to the RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2018 (separate employee and annuitant tables and male and female tables). 75 ---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). On December 31, 2020, Plan membership consisted of the following: Benefits Provided If a member becomes disabled after attainment of age forty (45) and completion of 5 years of credited service, the Plan shall provide a benefit payable for life or until recovery from the disability. The amount of the benefit shall be equal to the accrued retirement benefit or the employer portion of the accrued benefit if employee contributions plus interest are withdrawn, payable at normal retirement date. The participant may elect to begin receiving the actuarial equivalent of this benefit on his disability date. In the event a married member who does not have a 100% vested interest dies as a result of non-line of duty activity prior to reaching his normal retirement date, there shall be payable a benefit of one thousand dollars ($1,000) to such member’s surviving spouse for the spouse’s remaining lifetime. In the event a married member who has a 100% vested interest dies as a result of non-line of duty or line of duty activity prior to reaching his normal retirement date, there shall be payable a benefit equal to the greater of one thousand dollars ($1,000) or seventy-five percent The changes in assumptions for base year ending December 31, 2017 reflect the change from the use of theRP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2016 (separate employee and annuitant tables and male and female tables) to the RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2017 (separate employee and annuitant tables and male and female tables). The changes in assumptions for base year ending December 31, 2016 reflect the change from the use of the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2015 (separate employee and annuitant tables and male and female tables) to the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2016 (separate employee and annuitant tables and male and female tables). The changes in assumptions for base year ending December 31, 2015, reflect the change from the use of the 2015 IRS Combined 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). Inactive plan members or beneficiaries currently receiving benefits 5 Inactive plan members or beneficiaries entitled to but not yet receiving benefits - Active plan members 138 Total 143 76 ---PAGE BREAK--- (75%) of the member’s accrued benefit earned on the date of the member’s death, adjusted to reflect any withdrawal of mandatory contributions plus interest, if applicable, to such member’s surviving spouse for the spouse’s remaining lifetime. In the event an unmarried member who has a 100% vested interest dies as a result of non-line of duty or line of duty activity prior to reaching his normal retirement date, there shall be payable a benefit equal to seventy-five percent (75%) of the member’s accrued benefit earned on the date of the member’s death, adjusted to reflect any withdrawal of mandatory contributions plus interest, if applicable, to such member’s designated beneficiary as a ten (10) year period certain only benefit. In addition to surviving spouse’s death benefit, a benefit shall be payable on behalf of each dependent child under the age of eighteen (18) years of such deceased member in an amount equal to two hundred dollars ($200) per month. The dependent child’s benefit will cease upon the earlier of the child’s eighteenth (18th) birthday or date of death. Contributions The Employer intends to contribute to the Plan each year such amounts as may be required to operate the Plan on a sound actuarial basis. The minimum annual contribution by the department must be sufficient, as determined by the pension engineers, to prevent deterioration in the actuarial status of the trust fund during the year. According to IC 36-8-10- 12(e), if the department fails to make minimum contributions for three successive years, the pension trust terminates, and the trust fund shall be liquidated. For the year ending December 31, 2020, the actuarially determined Employer’s contribution rate was 1.8% of annual payroll. Investment Policy The pension plan’s policy regarding the allocation of invested assets is established and may be amended by the Board (per Plan legal document) by a majority vote of its members. To maintain compliance with the Investment Policy Statement, the Board retains the ability to implement changes in asset allocation. This will be accomplished by the direction of Fund cash flows to various asset classes and/or the reallocation of funds among asset categories. At its option, the Board may initiate a formal asset allocation study every three to five years to aid it in its asset allocation discussions and decisions. The Board desires the portfolios to be fully invested. Cash (or its equivalents) are not deemed a strategic asset of the overall Fund. The Board has revised the asset allocation policy on July 29, 2019. Rate of Return For the year ended December 31, 2020, the annual money-weighted rate of return on pension plan investments, net of pension plan expense was 13.70 percent. The money-weighted rate of return expresses investment performance, net of investment expense, adjusted for the changing amounts invested. Net Pension Liability of the Plan The components of the net pension liability of the Plan on December 31, 2020 were as follows: Target Allocation Asset Class Percentage Domestic Large Stocks 30 Domestic Small Stocks 15 Dev. International Stocks 10 Emerging Market Stocks 5 Fixed Income-Core 35 Cash & Equivalents 5 Total 100 77 ---PAGE BREAK--- Pension Expense of the Plan Pension expense of ($10,094) must be recognized for the fiscal year ending December 31, 2020. Significant Actuarial Assumptions Discount Rate The discount rate used to measure the total pension liability was 6.75% on December 31, 2020 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: Total pension liability 2,236,234 $ Plan fiduciary net position (2,909,377) Plan's net pension liability (673,143) $ Plan fiduciary net position as a percentage of the total pension liability 130.10% Measurement Date December 31, 2020 Valuation Date Assets December 31, 2020 Liabilities December 31, 2020 - Actual member census data as of December 31, 2020 was used in the valuation. Inflation Rate 3.00% per annum Future Salary Increases 4.00% per annum (3.00% increases due to inflation and 1.00% due to merit/seniority.) Investment Rate of Return 6.75% per annum, net of pension plan investment expenses, including inflation Cost of Living Increase Not Applicable Mortality Assumption Pub-2010 Safety Amount-Weighted Mortality Projected Generationally with Scale MP-2020 (separate employee, retiree, contingent survivor, and disabled retiree and male and female tables) Line of Duty Death Assumption 10% of active participant deaths are assumed to occur in line of duty 78 ---PAGE BREAK--- Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions On December 31, 2020, the deferred outflows/(inflows) of resources based on obligations for the Plan are as follows: The balances on December 31, 2020 of the deferred outflows/(inflows) of resources will be recognized in pension expense as follows: Current 1% Decrease Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) Total Pension Liability 2,526,106 $ 2,236,234 $ 1,993,604 $ Plan Fiduciary Net Position 2,909,377 2,909,377 2,909,377 Net Pension Liability (Asset) (383,271) $ (673,143) $ (915,773) $ Fiscal Year End Amortization Dec. 31, 2021 (114,882) $ Dec. 31, 2022 (91,862) Dec. 31, 2023 (149,207) Dec. 31, 2024 (94,885) Dec. 31, 2025 (50,896) Thereafter (133,762) 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 8.443 years, the average remaining service of all members with any liability in the plan as of January 1, 2020. The change in net pension liability due to investment losses/(gains) has been amortized over 5.0 years as prescribed. Initial Annual December 31, 2020 Initial Balance Amortization Period Recognition Balance Liability experience losses/(gains): Base for year ending December 31, 2020 (231,511) $ 8.443 (27,420) $ (204,091) $ Base for year ending December 31, 2019 (198,250) 8.651 (22,916) (152,418) Base for year ending December 31, 2018 (132,531) 8.963 (14,786) (88,173) Base for year ending December 31, 2017 234,333 8.897 26,338 128,981 Base for year ending December 31, 2016 (110,212) 8.982 (12,270) (48,862) Base for year ending December 31, 2015 (142,295) 8.846 (16,086) (45,779) Base for year ending December 31, 2014 83,472 9.086 9,187 19,163 Changes in assumptions: Base for year ending December 31, 2020 (3,195) $ 8.443 (378) $ (2,817) $ Base for year ending December 31, 2019 (75,009) 8.651 (8,671) (57,667) Base for year ending December 31, 2018 5,109 8.963 570 3,399 Base for year ending December 31, 2017 (9,204) 8.897 (1,035) (5,064) Base for year ending December 31, 2016 (2,828) 8.982 (315) (1,253) Base for year ending December 31, 2015 63,730 8.846 7,204 20,506 Base for year ending December 31, 2014 48,929 9.086 5,385 11,234 Investment losses/(gains): Base for year ending December 31, 2020 (171,139) $ 5.000 (34,228) $ (136,911) $ Base for year ending December 31, 2019 (239,192) 5.000 (47,838) (143,516) Base for year ending December 31, 2018 226,981 5.000 45,396 90,793 Base for year ending December 31, 2017 (115,095) 5.000 (23,019) (23,019) Base for year ending December 31, 2016 (29,592) 5.000 (5,920) - (120,802) $ (635,494) $ 79 ---PAGE BREAK--- Assumption changes: The changes in assumptions for base year ending December 31, 2020 reflect the change from the use of the Pub-2010 Safety Amount-Weighted Mortality Projected Generationally with Scale MP-2019 (separate employee, retiree, contingent survivor, and disabled retiree tables and male and female tables) to the Pub-2010 Safety Amount-Weighted Mortality Projected Generationally with Scale MP-2020 (separate employee, retiree, contingent survivor, and disabled retiree tables and male and female tables). The changes in assumptions for base year ending December 31, 2019 reflect the change from the use of the RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2018 (separate employee and annuitant tables and male and female tables) to the Pub-2010 Safety Amount-Weighted Mortality Projected Generationally with Scale MP-2019 (separate employee, retiree, contingent survivor, and disabled retiree tables and male and female tabes). The changes in assumptions for base year ending December 31, 2018 reflect the change from the use of the RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2017 (separate employee and annuitant tables and male and female tables) to the RP-2014 Adjusted to 2006 Total Dataset mortality with Two Dimensional Generational Mortality Improvement Scale MP-2018 (separate employee and annuitant tables and male and female tables). The changes in assumptions for base year ending December 31, 2017 reflect the change from the use of the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2016 (separate employee and annuitant tables and male and female tables) to the RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2017 (separate employee and annuitant tables and male and female tables). The changes in assumptions for base year ending December 31, 2016 reflect the change from the use of the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2015 (separate employee and annuitant tables and male and female tables) to the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2016 (separate employee and annuitant tables and male and female tables). The changes in assumptions for base year ending December 31, 2015 reflect the change from the use of the 2015 IRS Combined Morality Tables for Small Plans (separate male and female tables) as prescribed for use in corporate valuations to the RP-2014 Adjusted to 2006 Blue Collar Mortality with Two Dimensional Generational Mortality Improvement Scale MP-2015 (separate employee and annuitant tables and male and female tables). The changs 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%. 80 ---PAGE BREAK--- 3. Financial Statements for Defined Benefit Plans County Police County Police Retirement Plan Benefit Plan Assets Cash and cash equivalents 3,057,798 $ 131,675 $ Receivables: County contributions 659,447 40,561 Employee contributions 31,541 - Transfers into trust - 4,140 Accrued interest and dividends 25 1 Total receivables 691,013 44,702 Investments: Fixed income securities 19,307,949 904,393 Domestic and foreign equities 41,767,989 1,828,607 Total investments 61,075,938 2,733,000 Total Assets 64,824,748 2,909,377 STATEMENT OF FIDUCIARY NET POSITION Liabilities Payables: Net benefits due and unpaid/(overpaid) 6,473 - Transfers out of trust - - Other - - Total Liabilities 6,473 - Net position restricted for Pensions 64,818,276 $ 2,909,377 $ 81 ---PAGE BREAK--- County Police County Police Retirement Plan Benefit Plan Additions Contributions: Employer 2,637,789 $ 162,244 $ Employee 280,093 - Transfer in trust - 8,280 Total contributions 2,917,882 170,524 Investment Income: Interest and Dividends 1,603,509 70,786 Net increase in fair value of investments 6,530,327 270,698 Less investment expense - - Net investment income 8,133,836 341,484 Total additions 11,051,718 512,008 Deductions Benefit payments (including refunds of employee contributions) 3,597,338 64,301 Administrative expense 96,907 1,353 Transfers out of trust - 8,280 Total deductions 3,694,245 73,934 Net increase in Net Pension 7,357,473 438,074 Plan Fiduciary Net Position - Beginning of Year 57,460,803 2,471,303 Plan Fiduciary Net Position - End of Year 64,818,276 $ 2,909,377 $ STATEMENT OF CHANGES IN FIDUCIARY NET POSITION 82 ---PAGE BREAK--- County Police County Police Retirement Plan Benefit Plan Service cost 1,346,696 $ 121,594 $ Interest 4,588,845 158,106 Changes in plan provisions - - Difference between expected and actual experience (376,230) (231,511) Change in assumptions (202,750) (3,195) Benefit Payments (3,597,338) (64,301) Net change in Plan Fiduciary Net Position 1,759,223 (19,307) Total Pension Liability - Beginning of Year 68,584,762 2,255,541 Total Pension Liability - End of Year 70,343,985 $ 2,236,234 $ Net Pension Liability (Asset) - End of Year (Total Pension Liability - Plan Fiduciary Net Position) 5,525,709 $ (673,143) $ STATEMENT OF CHANGES IN FIDUCIARY NET POSITION LIABILITIES (ASSETS) 83 ---PAGE BREAK--- County Police Retirement Plan ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN THE COUNTY'S NET PENSION LIABILITY AND RELATED RATIOS Last 10 Years* 2020 2019 2018 2017 2016 Total Pension liability Service Cost 1,346,696 $ 1,227,784 $ 1,177,687 $ 1,023,466 $ 979,124 $ Interest 4,588,845 4,271,323 4,095,244 3,810,038 3,704,007 Changes in plan provisions - - - 18,385 - Difference between expected and actual experience (376,230) 1,585,743 321,820 1,212,624 227,812 Change in assumptions (202,750) 786,080 (143,815) 819,710 (544,042) Benefit payments (3,597,338) (2,917,624) (2,862,731) (2,754,592) (2,941,827) Net change in Total Pension Liability 1,759,223 4,953,306 2,588,205 4,129,631 1,425,074 Total pension liability - beginning of year 68,584,762 63,631,456 61,043,251 56,913,620 55,488,546 Total pension liability - end of year 70,343,985 $ 68,584,762 $ 63,631,456 $ 61,043,251 $ 56,913,620 $ Plan fiduciary net position County contributions 2,637,789 $ 2,531,595 $ 2,230,101 $ 2,093,845 $ 1,940,126 $ Employee contributions 280,093 260,396 251,144 225,547 236,520 Net transfers into (out of) trust - - - (64,719) - Net investment income 8,133,836 8,994,194 (2,191,813) 5,940,799 3,817,637 Benefit payments (3,597,338) (2,917,624) (2,862,731) (2,754,592) (2,941,827) Administrative expenses (96,907) (92,633) (86,476) (106,541) (95,041) Other - - - 64,719 - Net change in Plan Fiduciary Net Position 7,357,473 8,775,928 (2,659,775) 5,399,058 2,957,415 Plan fiduciary net position - beginning of year 57,460,803 48,684,875 51,344,650 45,945,592 42,988,177 Plan fiduciary net position - end of year 64,818,276 $ 57,460,803 $ 48,684,875 $ 51,344,650 $ 45,945,592 $ Net Pension Liability (Asset) - End of Year - 5,525,709 $ 11,123,959 $ 14,946,581 $ 9,698,601 $ 10,968,028 $ Plan fiduciary net position as a percentage of the total pension liability 92.14% 83.78% 76.51% 84.11% 80.73% Covered-employee payroll 9,881,868 9,600,480 8,777,206 8,424,630 7,311,096 Net pension liability as a percentage of covered-employee payroll 55.92% 115.87% 170.29% 115.12% 150.02% Notes to Schedule: *Information presented for the years information is available. The notes to RSI are an integral part of RSI 84 ---PAGE BREAK--- County Police Retirement Plan (continued) ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN THE COUNTY'S NET PENSION LIABILITY AND RELATED RATIOS Last 10 Years* Total Pension liability Service Cost Interest Changes in plan provisions Difference between expected and actual experience Change in assumptions Benefit payments Net change in Total Pension Liability Total pension liability - beginning of year Total pension liability - end of year Plan fiduciary net position County contributions Employee contributions Net transfers into (out of) trust Net investment income Benefit payments Administrative expenses Other Net change in Plan Fiduciary Net Position Plan fiduciary net position - beginning of year Plan fiduciary net position - end of year Net Pension Liability (Asset) - End of Year - Plan fiduciary net position as a percentage of the total pension liability Covered-employee payroll Net pension liability as a percentage of covered-employee payroll Notes to Schedule: *Information presented for the years information is available. The notes to RSI are an integral part of RSI 2015 2014 902,114 $ 901,082 $ 3,533,405 3,489,167 - - 108,503 (430,349) 732,983 1,239,380 (2,690,363) (2,708,792) 2,586,642 2,490,488 52,901,904 50,411,416 55,488,546 $ 52,901,904 $ 1,913,674 $ 1,880,580 $ 196,306 186,665 (13,964) - (623,338) 2,669,670 (2,690,363) (2,708,792) (87,552) (104,620) 13,964 - (1,291,273) 1,923,503 44,279,450 42,355,947 42,988,177 $ 44,279,450 $ 12,500,369 $ 8,622,454 $ 77.47% 83.70% 6,869,667 6,456,147 181.96% 133.55% 85 ---PAGE BREAK--- County Police Benefit Plan ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN THE COUNTY'S NET PENSION LIABILITY AND RELATED RATIOS Last 10 Years* 2020 2019 2018 2017 2016 Total pension liability Service Cost 121,594 $ 125,970 $ 118,463 $ 87,624 $ 83,300 $ Interest 158,106 161,773 155,722 127,583 125,214 Changes in plan provisions - - - 10,367 - Difference between expected and actual experience (231,511) (198,250) (132,531) 234,333 (110,212) Change in assumptions (3,195) (75,009) 5,109 (9,204) (2,828) Benefit payments (64,301) (64,601) (64,661) (64,661) (64,781) Net change in Total Pension Liability (19,307) (50,117) 82,102 386,042 30,693 Total pension liability - beginning of year 2,255,541 2,305,658 2,223,556 1,837,514 1,806,821 Total pension liability - end of year 2,236,234 $ 2,255,541 $ 2,305,658 $ 2,223,556 $ 1,837,514 $ Plan fiduciary net position County contributions 162,244 $ 155,497 $ 81,356 $ 86,292 $ 93,510 $ Employee contributions N/A N/A N/A N/A N/A Net transfers into (out of) trust - - - - - Net investment income 341,484 377,734 (86,368) 238,410 141,729 Benefit payments (64,301) (64,601) (64,661) (64,661) (64,781) Administrative expenses (1,353) (1,241) (1,146) (1,062) (947) Other - - - - - Net change in Plan Fiduciary Net Position 438,074 467,389 (70,819) 258,979 169,511 Plan fiduciary net position - beginning of year 2,471,303 2,003,914 2,074,733 1,815,754 1,646,243 Plan fiduciary net position - end of year 2,909,377 $ 2,471,303 $ 2,003,914 $ 2,074,733 $ 1,815,754 $ Net Pension Liability (Asset) - End of Year - (673,143) $ (215,762) $ 301,744 $ 148,823 $ 21,760 $ Plan fiduciary net position as a percentage of the total pension liability 130.10% 109.57% 86.91% 93.31% 98.82% Covered-employee payroll 9,881,868 9,600,480 8,777,206 8,424,630 7,311,096 Net pension liability as a percentage of covered-employee payroll (6.81%) (2.25%) 3.44% 1.77% 0.30% Notes to Schedule: *Information presented for the years information is available. The notes to RSI are an integral part of RSI 86 ---PAGE BREAK--- County Police Benefit Plan (continued) ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN THE COUNTY'S NET PENSION LIABILITY AND RELATED RATIOS Last 10 Years* Total pension liability Service Cost Interest Changes in plan provisions Difference between expected and actual experience Change in assumptions Benefit payments Net change in Total Pension Liability Total pension liability - beginning of year Total pension liability - end of year Plan fiduciary net position County contributions Employee contributions Net transfers into (out of) trust Net investment income Benefit payments Administrative expenses Other Net change in Plan Fiduciary Net Position Plan fiduciary net position - beginning of year Plan fiduciary net position - end of year Net Pension Liability (Asset) - End of Year - Plan fiduciary net position as a percentage of the total pension liability Covered-employee payroll Net pension liability as a percentage of covered-employee payroll Notes to Schedule: *Information presented for the years information is available. The notes to RSI are an integral part of RSI 2015 2014 73,017 $ 54,354 $ 121,101 108,193 - - (142,295) 83,472 63,730 48,929 (65,021) (65,291) 50,532 229,657 1,756,289 1,526,632 1,806,821 $ 1,756,289 $ 55,854 $ 70,445 $ N/A N/A - - (38,491) 99,777 (65,021) (65,291) (843) (703) - - (48,501) 104,228 1,694,744 1,590,516 1,646,243 $ 1,694,744 $ 160,578 $ 61,545 $ 91.11% 96.50% 6,869,667 6,456,147 2.34% 0.95% 87 ---PAGE BREAK--- 2020 2019 2018 2017 2016 County Police Retirement Plan Actuarially determined contribution** 2,332,102 $ 2,244,370 $ 1,968,441 $ 1,940,644 $ 1,793,068 $ County contributions recognized 2,637,789 2,531,595 2,230,101 2,093,845 1,940,126 Contribution deficiency (excess) (305,687) $ (287,225) $ (261,660) $ (153,201) $ (147,058) $ Covered - employee payroll 9,600,480 $ 8,777,206 $ 8,424,630 $ 7,311,096 $ 6,869,667 $ Contributions recognized as a percentage of covered-employee payroll 27.48% 28.84% 26.47% 28.64% 28.24% 2015 2014 2013 2012 2011 County Police Retirement Plan Actuarially determined contribution** 1,770,122 $ 1,744,741 $ 1,699,803 $ 1,593,248 $ 1,719,383 $ County contributions recognized 1,913,674 1,880,580 1,832,170 1,723,869 1,865,658 Contribution deficiency (excess) (143,552) $ (135,839) $ (132,367) $ (130,621) $ (146,275) $ Covered - employee payroll 6,456,147 $ 6,309,482 $ 6,183,034 $ 6,118,166 $ 5,983,558 $ Contributions recognized as a percentage of covered-employee payroll 29.64% 29.81% 29.63% 28.18% 31.18% Notes to schedule Valuation date: Actuarially determined contribution rates are calculated as of January 1, two years prior to the end of the fiscal year in which contributions are reported. Methods and assumptions used to determine most current contribution rate above: Actuarial cost method Frozen initial liability Amortization method Level percentage of payroll, open Remaining amortization period 25 years Asset valuation method Inflation 3.00% Salary increases 4.00% average, including inflation Investment rate of return 6.75% Retirement age The later of age 55 and 20 years of service or one year from the valuation date. Mortality RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Projection Scale MP-2018 (separate employee and annuitant tables and male and female tables) Other Information: None The notes to RSI are an integral part of RSI 5-Year Asset Smoothing, limited to 80% and 120% of market value ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF COUNTY CONTRIBUTIONS Last 10 Years 88 ---PAGE BREAK--- 2020 2019 2018 2017 2016 County Police Benefit Plan Actuarially determined contribution** 162,244 $ 155,497 $ 81,356 $ 86,292 $ 93,510 $ County contributions recognized 162,244 155,497 81,356 86,292 93,510 Contribution deficiency (excess) - $ - $ - $ - $ - $ Covered - employee payroll 9,600,480 $ 8,777,206 $ 8,424,630 $ 7,311,096 $ 6,869,667 $ Contributions recognized as a percentage of covered-employee payroll 1.69% 1.77% 0.97% 1.18% 1.36% 2015 2014 2013 2012 2011 County Police Benefit Plan Actuarially determined contribution** 55,854 $ 70,445 $ 89,939 $ 103,962 $ 85,351 $ County contributions recognized 55,854 70,445 89,939 103,962 85,351 Contribution deficiency (excess) - $ - $ - $ - $ - $ Covered - employee payroll 6,456,147 $ 6,309,482 $ 6,183,034 $ 6,118,166 $ 5,983,558 $ Contributions recognized as a percentage of covered-employee payroll 0.87% 1.12% 1.45% 1.70% 1.43% Notes to schedule Valuation date: Actuarially determined contribution rates are calculated as of January 1, two years prior to the end of the fiscal year in which contributions are reported. Methods and assumptions used to determine most current contribution rate above: Actuarial cost method Aggregate Amortization method Not Applicable Remaining amortization period Not Applicable Asset valuation method Inflation 3.00% Salary increases 4.00% average, including inflation Investment rate of return 6.75% Retirement age date Mortality RP-2014 Adjusted to 2006 Total Dataset Mortality with Two Dimensional Generational Mortality Improvement Projection Scale MP-2018 (separate employee and annuitant tables and male and female tables) Other Information: None. The notes to RSI are an integral part of RSI The later of age 55 and 20 years of service or one year from the valuation ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF COUNTY CONTRIBUTIONS Last 10 Years 5-Year Asset Smoothing, limited to 80% and 120% of market value 89 ---PAGE BREAK--- 2020 2019 2018 2017 2016 County Police Retirement Plan Annual money-weighted rate of return 14.32% 18.57% (4.30%) 13.04% 9.00% 2015 2014 2013 2012 2011 Annual money-weighted rate of return (1.43%) 6.35% 14.90% 10.30% (1.40%) The notes to RSI are an integral part of RSI ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF INVESTMENT RETURNS Last 10 Fiscal Years 90 ---PAGE BREAK--- 2020 2019 2018 2017 2016 County Police Benefit Plan Annual money-weighted rate of return 13.70% 18.61% (4.24%) 13.17% 8.59% 2015 2014 2013 Annual money-weighted rate of return (2.35%) 6.29% 14.80% *Schedule presented for the years information available. The notes to RSI are an integral part of RSI ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF INVESTMENT RETURNS Last 10 Fiscal Years* 91 ---PAGE BREAK--- 2020 2019 2018 2017 2016 Indiana Public Retirement System Proportion of the net pension liability (asset) 0.91505% 0.94638% 0.97896% 1.03440% 1.01058% Proportionate share of the net pension liability (asset) 27,638,118 $ 31,278,462 $ 33,255,714 $ 46,150,206 $ 45,864,613 $ Covered payroll 49,400,160 $ 49,307,329 $ 49,952,345 $ 51,318,423 $ 48,432,812 $ Proportionate share of the net pension liability (asset) as a percentage of its covered payroll 55.95% 63.44% 66.57% 89.93% 94.70% Plan fiduciary net position as a percentage of the total pension liability 81.40% 80.10% 78.89% 76.60% 75.30% 2015 2014 Proportion of the net pension liability (asset) 1.12838% 1.06157% Proportionate share of the net pension liability (asset) 45,957,812 $ 27,897,371 $ Covered payroll 54,047,347 $ 51,829,153 $ Proportionate share of the net pension liability (asset) as a percentage of its covered payroll 85.03% 53.83% Plan fiduciary net position as a percentage of the total pension liability 77.30% 84.30% *Schedule presented for years information available The notes to RSI are an integral part of RSI ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF PROPORTIONATE SHARE OF NET PENSION LIABILITY AND RELATED RATIOS Last 10 Fiscal Years* 92 ---PAGE BREAK--- 2020 2019 2018 2017 2016 Indiana Public Retirement System Statutorily required contribution 5,725,946 $ 5,483,867 $ 5,515,477 $ 5,518,762 $ 5,488,388 $ Actual county contributions 5,725,946 5,483,867 5,515,477 5,518,762 5,488,388 Contribution deficiency (excess) - $ - $ - $ - $ - $ Covered - employee payroll 51,622,649 $ 49,274,495 $ 49,713,002 $ 49,069,627 $ 49,372,626 $ Contributions recognized as a percentage of covered-employee payroll 11.09% 11.13% 11.09% 11.25% 11.12% 2015 2014 Statutorily required contribution 5,685,565 $ 5,324,298 $ Actual county contributions 5,685,565 5,324,298 Contribution deficiency (excess) - $ - $ Covered - employee payroll 51,114,972 $ 52,395,423 $ Contributions recognized as a percentage of covered-employee payroll 11.12% 10.16% *Schedule presented for years information available The notes to RSI are an integral part of RSI ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF EMPLOYER CONTRIBUTIONS - INPRS (PERF) Last 10 Years* 93 ---PAGE BREAK--- Allen County Retiree Healthcare Plan (OPEB) 2020 2019 2018 Total OPEB liability Service Cost 314,181 $ 271,610 $ 341,940 $ Interest 364,118 432,139 391,011 Changes in benefit terms - - - Difference between expected and actual experience 1,839,933 (389,678) (25,540) Change in assumptions 2,026,022 778,441 (990,452) Benefit payments (453,364) (505,493) (493,210) Net change in Total OPEB Liability 4,090,890 587,019 (776,251) Total OPEB liability - beginning of year 11,079,936 10,492,917 11,269,168 Total OPEB liability - end of year 15,170,826 $ 11,079,936 $ 10,492,917 $ Covered-employee payroll 79,843,478 73,179,394 69,936,508 Total OPEB liability as a percentage of covered-employee payroll 19.00% 15.10% 15.00% Notes to Schedule: *Information presented for the years information is available The notes to RSI are an integral part of RSI ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN THE COUNTY'S NET OTHER POST EMPLOYMENT BENEFITS LIABILITY AND RELATED RATIOS LAST 10 YEARS * 94 ---PAGE BREAK--- Variance Variance Actual With Final Actual With Final Amounts Budget Amounts Budget (Budgetary Positive (Budgetary Positive Original Final Basis) (Negative) Original Final Basis) (Negative) Revenues: Taxes: Property 83,779,685 $ 83,779,685 $ 87,202,939 $ 3,423,254 $ - $ - $ - $ - $ Licenses and permits 2,270,000 2,270,000 3,005,042 735,042 - - - - Intergovernmental 13,758,965 13,758,965 25,510,663 11,751,698 - - - - Charges for services 4,624,500 4,624,500 3,380,009 (1,244,491) - - - - Fines and forfeits 1,000,000 1,000,000 761,405 (238,595) - - - - Other 3,048,500 3,048,500 2,516,332 (532,168) 1,900,000 1,900,000 204,064 (1,695,936) Total revenues 108,481,650 108,481,650 122,376,390 13,894,740 1,900,000 1,900,000 204,064 (1,695,936) Expenditures: Current: General government 45,944,048 47,601,941 44,212,173 3,389,768 - - - - Public safety 54,845,149 56,533,996 54,551,485 1,982,511 - - - - Highway and streets - - - - - - - Health and welfare 6,775,329 6,816,184 6,776,322 39,862 - - - - Culture and recreation 616,873 4,173,887 2,771,378 1,402,509 - - - - Economic development - 32,253 - 32,253 - 3,650,000 40,298 3,609,702 Sanitation - 30,000 24,802 5,198 - - - - Total expenditures 108,181,399 115,188,261 108,336,160 6,852,101 - 3,650,000 40,298 3,609,702 Other financing sources (uses): Transfers In 37,000 37,000 37,000 - 340,000 340,000 340,000 - Transfers Out (180,000) (180,000) (180,000) - - - - - Total other financing sources (uses) (143,000) (143,000) (143,000) - 340,000 340,000 340,000 - Net change in fund balances 157,251 (6,849,611) 13,897,230 20,746,841 2,240,000 (1,410,000) 503,766 1,913,766 Fund balances - beginning 33,658,942 38,658,942 38,658,942 - 16,224,280 16,224,280 16,224,280 - Fund balances - December 31 33,816,193 $ 31,809,331 $ 52,556,172 $ 20,746,841 $ 18,464,280 $ 14,814,280 $ 16,728,046 $ 1,913,766 $ The notes to RSI are an integral part of RSI General Fund Budgeted Amounts Rainy Day Fund Budgeted Amounts ALLEN COUNTY REQUIRED SUPPLEMENTARY INFORMATION BUDGETARY COMPARISON SCHEDULES - GENERAL FUND AND MAJOR SPECIAL REVENUE FUNDS For The Year Ended December 31, 2020 95 ---PAGE BREAK--- The major differences between Budgetary (Non-GAAP) basis and GAAP basis are: a. Revenues are recorded when received in cash (budgetary) as opposed to susceptible to accrual (GAAP). b. Expenditures are recorded when paid in cash (budgetary) as opposed to when the liability is incurred (GAAP). Rainy General Day Net change in fund balances (budgetary basis) 13,897,230 $ 503,766 $ Adjustments: To adjust revenues for accruals 86,122,884 1,694,196 To adjust expenditures for accruals (85,732,031) (450,966) Net change in fund balances (GAAP basis) 14,288,083 $ 1,746,996 $ The notes to RSI are an integral part of RSI 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, 2020 96 ---PAGE BREAK--- Allen County Notes to Required Supplementary Information Note 1. Budgets and Budgetary Accounting A. The County follows these procedures in establishing the budgetary data reflected in the budgetary comparison schedules: 1. The County Commissioners, Courts and Elected Officials submit to the County Council their proposed operating budgets for the fiscal year commencing the following January 1. The operating budget includes proposed expenditures and the means of financing them. 2. The County is required to advertise the budget and proposed tax levy on the Indiana Department of Local Government Finance (DLGF) website and the County Council holds a public hearing to obtain taxpayer comments prior to adoption, both according to Indiana Code (IC). 3. The County Council is required to adopt the budget by November 1st and has historically done such in October through passage of an ordinance. 4. The Adopted budget ordinance and supporting schedules are submitted to the DLGF. The budget becomes legally enacted after receiving the DLGF certified budget order, which is required by December 31st. The budget order serves as the maximum allowable expenditures unless the County Council approves additional appropriations throughout the year. The County’s maximum levy is restricted by IC, with certain adjustments and exceptions. In the instance the County proposes a budget that exceeds the available means of financing; an excess levy appeal can be made to the DLGF. If approved, the County will be allowed to increase their maximum levy accordingly. 5. The legal level of budgetary control (the level at which expenditures may not exceed appropriations without the County Council’s approval) is by object classification for all funds except for the General fund, which is by object classification within each department. The County management cannot transfer budgeted appropriations between object classifications of a budget without approval of the County Council. Any revisions that alter the total appropriations for any fund or any department of the General fund must be approved by the County Council and, if applicable, the DLGF. 6. Formal budgetary integration is required by IC and is employed as a management control device. An annual budget was legally adopted for the following funds: Major Funds: General Fund Special Revenue Funds: Rainy Day Fund Approximately 90 other Funds are included within Other Governmental Funds for which an annual budget was adopted. 7. The County’s budget process is based upon cash outflows, which is a non-GAAP basis. Appropriations lapse with the expiration of the budgetary period unless encumbered by a purchased order or contract. Encumbered appropriations are carried over and added to the subsequent year’s budget. 97 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 Local Income Tax - County Local Road Service of County Assets Public Safety Highway and Street Process Health Cash and cash equivalents 1,446,813 $ 7,174,977 $ 1,619,743 $ - $ 2,344,452 $ Investments - 165,720 36,736 - 45,821 Receivables (net of allowances for uncollectibles): Interest - 3,916 - - 886 Taxes 4,950,624 157,555 - - 3,054,076 Accounts - 35,538 - 21,819 9,923 Special assessments - - - - - Intergovernmental - - - 148 Interfund receivables: Interfund loans - - - - - Assets held for resale - - - - - Total assets 6,397,437 $ 7,537,706 $ 1,656,479 $ 21,819 $ 5,455,306 $ Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable - $ 94,791 $ 107,885 $ - $ 32,607 $ Accrued payroll and withholdings payable - 187,983 - - 132,689 Interfund payables: Interfund loans - - - - - Total liabilities - 282,774 107,885 - 165,296 Deferred inflows of resources: Unavailable revenue - property taxes - - - - 2,994,888 Unavailable revenue - license excise taxes - - - - 59,188 Unavailable revenue - income taxes 4,950,624 - - - - Total deferred inflows of resources 4,950,624 - - - 3,054,076 Fund balances: Nonspendable fund balance - $ - $ - $ - $ - $ Restricted fund balance 1,446,813 7,254,932 1,548,594 21,819 2,235,934 Committed fund balance - - - - - Assigned fund balance - - - - - Unassigned fund balance - - - - - Total fund balances 1,446,813 7,254,932 1,548,594 21,819 2,235,934 Total liabilities, deferred inflows of resources, and fund balances 6,397,437 $ 7,537,706 $ 1,656,479 $ 21,819 $ 5,455,306 $ 98 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Juvenile Supplemental Supplemental Detention Juvenile Adult Probation Accident Alternative Grant Probation Services Services Report 23,727 $ 96,502 $ 330,880 $ 4,701 $ - 2,233 6,454 - - 43 125 - - - - - - 4,755 16,374 3,170 - - - - - - - - - - - - - - - - 23,727 $ 103,533 $ 353,833 $ 7,871 $ 5,302 $ - $ - $ - $ - - 18,772 - - - - - 5,302 - 18,772 - - - - - - - - - - - - - - - - - - $ - $ - $ - $ 18,425 103,533 335,061 7,871 - - - - - - - - - - - - 18,425 103,533 335,061 7,871 23,727 $ 103,533 $ 353,833 $ 7,871 $ 99 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances County Recorders Surveyor's Corner Firearms County Records Drainage Perpetuation Training Extradition Perpetuation Maintenance 1,221,461 $ 51,064 $ - $ 1,507,023 $ 5,950,682 $ - - - 35,502 129,504 - - - 687 - - - - - - 40,307 - 3,125 130,621 - - - - - 37,954 - - - - 26,057 - - - - - - - - - - 1,261,768 $ 51,064 $ 3,125 $ 1,673,833 $ 6,144,197 $ - $ 4,454 $ 4,158 $ 6,352 $ 7,805 $ 4,081 - - 17,990 - - - - - - 4,081 4,454 4,158 24,342 7,805 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 1,257,687 46,610 - 1,649,491 6,136,392 - - - - - - - - - - - - (1,033) - - 1,257,687 46,610 (1,033) 1,649,491 6,136,392 1,261,768 $ 51,064 $ 3,125 $ 1,673,833 $ 6,144,197 $ 100 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances County Law Jail Local Health County Enforcement County Commissary Maintenance User Fee Continuing Education Corrections 1,055,249 $ 26,087 $ 74,022 $ 22,053 $ 34,240 $ - - - - - - - - - - - - - - - - - 2,584 - - - - - - - - - - - - - - - - - - - - - - 1,055,249 $ 26,087 $ 76,606 $ 22,053 $ 34,240 $ - $ - $ 3,876 $ - $ - $ - 5,053 - - - - - - - - - 5,053 3,876 - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 1,055,249 - 72,730 22,053 34,240 - 21,034 - - - - - - - - - - - - - 1,055,249 21,034 72,730 22,053 34,240 1,055,249 $ 26,087 $ 76,606 $ 22,053 $ 34,240 $ 101 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Community Alcohol Abuse Community Corrections - Redevelopment Hazardous Deterrent Corrections Home Detention Commission Waste Program 108,175 $ 1,172,419 $ 99,353 $ 2,965,124 $ 8,763 $ - - 2,257 66,388 - - - - 1,284 - - - - - - - 22,771 - 18 5,313 - - - - - - - - - - - - - - - - - - - - 108,175 $ 1,195,190 $ 101,610 $ 3,032,814 $ 14,076 $ 110,571 $ 5,939 $ 2,720 $ 3,818 $ 11,275 $ 106,771 63,542 - - - - - - - - 217,342 69,481 2,720 3,818 11,275 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - 1,125,709 98,890 3,028,996 2,801 - - - - - - - - - - (109,167) - - - - (109,167) 1,125,709 98,890 3,028,996 2,801 108,175 $ 1,195,190 $ 101,610 $ 3,032,814 $ 14,076 $ 102 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Park and Emergency Vehicle Recreation Economic Planning and Title Narcotics Nonreverting Development Right to Know Inspection 83,469 $ 740,400 $ 320,758 $ 272,442 $ 12,644 $ - 16,728 7,245 - - - 324 - - - - - - - - - 5,309 - - - - - - - - - - - - - - - - - - - - - - - 83,469 $ 762,761 $ 328,003 $ 272,442 $ 12,644 $ - $ 10,985 $ - $ - $ - $ - - - - - - - - - - - 10,985 - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 83,469 751,776 - 272,442 12,644 - - 328,003 - - - - - - - - - - - - 83,469 751,776 328,003 272,442 12,644 83,469 $ 762,761 $ 328,003 $ 272,442 $ 12,644 $ 103 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances County Supplemental Record Drug Free Public Defender Check and Check Plat Book Community Services Connect 83,964 $ 442,674 $ 151,703 $ 231,354 $ - $ - - - - - - - - - - - - - - - 1,131 1,540 9,267 2,238 - - - - - - - - - 7,412 61,829 - - - - - - - - - - 85,095 $ 444,214 $ 160,970 $ 241,004 $ 61,829 $ - $ - $ - $ - $ - $ 1,015 5,005 - - - - - - - 61,829 1,015 5,005 - - 61,829 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 84,080 439,209 160,970 241,004 - - - - - - - - - - - - - - - - 84,080 439,209 160,970 241,004 - 85,095 $ 444,214 $ 160,970 $ 241,004 $ 61,829 $ 104 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Court Allen Public Drug Appointed County Law Information Task Force Special Advocate Statewide 911 Enforcement 271,602 $ - $ 357,590 $ 10,467 $ 63,732 $ - - - - - - - - - - - - - - - 63,727 - - - - - - - - - 699 - - - 6,615 - - - - - - - - - - 336,028 $ - $ 357,590 $ 10,467 $ 70,347 $ 3,015 $ - $ 2,332 $ - $ - $ 5,903 - 10,510 - - - - - - - 8,918 - 12,842 - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - - - 10,467 70,347 327,110 - 344,748 - - - - - - - - - - - - 327,110 - 344,748 10,467 70,347 336,028 $ - $ 357,590 $ 10,467 $ 70,347 $ 105 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Park and Indiana Law Department Prosecutor Tax Recreation Enforcement of Planning PCA Sale Fee Gift Assist Grant Services 24,173 $ 363,410 $ 201,977 $ 13,090 $ 523,903 $ - 4,562 - - - - - - - - - - - - - 73,395 - - - - - - - - - - - - - - - - - - - - - - 24,173 $ 436,805 $ 206,539 $ 13,090 $ 523,903 $ - $ 8,703 $ - $ - $ 4,205 $ - 2,656 - - - - - - - - - 11,359 - - 4,205 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 24,173 425,446 206,539 13,090 - - - - - 519,698 - - - - - - - - - - 24,173 425,446 206,539 13,090 519,698 24,173 $ 436,805 $ 206,539 $ 13,090 $ 523,903 $ 106 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Circuit Medical Care Chemical Infraction Court for Inmates Testing Jury Fee Deferral Fee ADR Plan 15,310 $ 43,391 $ 2,461 $ 449,317 $ 54,109 $ - - - - - - - - - - - - - - - - - 2,063 53,218 1,010 - - - - - - - - 96,751 - - - - - - - - - - - 15,310 $ 43,391 $ 4,524 $ 599,286 $ 55,119 $ - $ - $ - $ 25,072 $ - $ - - - 37,079 - - - - - - - - - 62,151 - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 15,310 - 4,524 537,135 55,119 - 43,391 - - - - - - - - - - - - - 15,310 43,391 4,524 537,135 55,119 15,310 $ 43,391 $ 4,524 $ 599,286 $ 55,119 $ 107 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Superior IOCS Campaign Pre-Trial Court Corona Virus Problem Finance Diversion ADR Plan Relief Solving Grant Enforcement - $ 33,904 $ - $ 10,109 $ 16,110 $ - - - - - - - - - - - - - - - - 750 - 693 - - - - - - - - 473,196 - - - - - - - - - - - - - $ 34,654 $ 473,196 $ 10,802 $ 16,110 $ - $ - $ 180,916 $ - $ - $ - - - - - - - - - - - - 180,916 - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - 34,654 292,280 10,802 16,110 - - - - - - - - - - - - - - - - 34,654 292,280 10,802 16,110 - $ 34,654 $ 473,196 $ 10,802 $ 16,110 $ 108 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Community Surveyor's Federal Transitions Stormwater Internet Petition Asset Seizure Program Study Access 7,451 $ 122,845 $ - $ 65,203 $ 134,789 $ - 2,913 - 1,473 - - - - - - - - - - - - - - - - - - - - - - - 25,975 - - - - - - - - - - - - 7,451 $ 125,758 $ 25,975 $ 66,676 $ 134,789 $ - $ - $ - $ - $ - $ - - 5,687 - - - - 20,041 - - - - 25,728 - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 7,451 125,758 247 66,676 - - - - - 134,789 - - - - - - - - - - 7,451 125,758 247 66,676 134,789 7,451 $ 125,758 $ 25,975 $ 66,676 $ 134,789 $ 109 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Juvenile Mobile Clerk Alcohol Prisoner Public Defender Command Record and Drug Reimbursement User Fees Unit Perpetuation User Fees 11,461 $ - $ 12,918 $ 1,347,353 $ 259,223 $ - - - - - - - - - - - - - - - - - - 16,282 30,573 - - - - - - - - 688 - - - - - - - - - - - 11,461 $ - $ 12,918 $ 1,364,323 $ 289,796 $ - $ - $ - $ 3,341 $ 7,098 $ - - - 6,288 22,530 - - - - - - - - 9,629 29,628 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - - 12,918 1,354,694 260,168 11,461 - - - - - - - - - - - - - - 11,461 - 12,918 1,354,694 260,168 11,461 $ - $ 12,918 $ 1,364,323 $ 289,796 $ 110 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Allen County Prosecutor's Sales Levy Children's Federal Sheriff Disclosure Excess Home Gift Asset Seizure Donation 284,453 $ 62,717 $ 40,220 $ 10,913 $ 17,347 $ 6,351 - - - - 123 - - 5 - - - - - - 570 - - - - - - - - - - - - 2,460 - - - - - - - - - - - 291,497 $ 62,717 $ 40,220 $ 13,378 $ 17,347 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 291,497 62,717 40,220 13,378 17,347 - - - - - - - - - - - - - - - 291,497 62,717 40,220 13,378 17,347 291,497 $ 62,717 $ 40,220 $ 13,378 $ 17,347 $ 111 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Tangible Youth Juvenile Center Check Adult Incentive Services Per Per Diem Deception Protective Program Diem Fees Fees Program Services 9,657 $ 435,878 $ 414,531 $ 1,561 $ - $ - 10,625 9,281 - - - 205 180 - - - - - - - - 69 295 - - - - - - - - 222,877 21,286 - 65,299 - - - - - - - - - - 9,657 $ 669,654 $ 445,573 $ 1,561 $ 65,299 $ - $ 11,252 $ - $ - $ - $ - 29,389 - - 16,839 - - - - 48,469 - 40,641 - - 65,308 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 9,657 - - 1,561 - - 629,013 445,573 - - - - - - - - - - - 9,657 629,013 445,573 1,561 9,657 $ 669,654 $ 445,573 $ 1,561 $ 65,299 $ 112 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Court Improvement Sheriff Tobacco St. Joseph Unsafe Project Civil Action Master Plan Foundation Building Allen-CIP-FY-03/04 Suit Program Lead Program 251,789 $ 2,777 $ 114,040 $ 18,809 $ 7,759 $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 251,789 $ 2,777 $ 114,040 $ 18,809 $ 7,759 $ 13,662 $ 1,150 $ - $ - $ - $ - - - 3,484 - - - - - - 13,662 1,150 - 3,484 - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 238,127 1,627 114,040 15,325 7,759 - - - - - - - - - - - - - - - 238,127 1,627 114,040 15,325 7,759 251,789 $ 2,777 $ 114,040 $ 18,809 $ 7,759 $ 113 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Substance Abuse Great Prevention and Great KIDS Lakes HIV/AIDS Treatment Supplemental Make Great Restoration Program Program Education COMMUNITIES 600 $ - $ - $ 981 $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - 5,400 7,943 - - - - - - - - - - - - 600 $ 5,400 $ 7,943 $ 981 $ - $ - $ - $ - $ - $ - $ - - 1,993 - - - 5,400 5,946 - - - 5,400 7,939 - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 600 - 4 981 - - - - - - - - - - - - - - - - 600 - 4 981 - 600 $ 5,400 $ 7,943 $ 981 $ - $ 114 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Allen County Allen County Courts Foreign Onsite Electronic Map Language Wastewater Traffic Jury Fee Generation Interpreter Management Enforcement Circuit Court 33,709 $ - $ 183 $ - $ 2,727 $ - - - - - - - - - - - - - - - - - - - - - - - - - - 2,015 - - - - - - - - - - - - - 33,709 $ 2,015 $ 183 $ - $ 2,727 $ - $ 1,060 $ - $ - $ - $ - - - - - - 1,636 - - - - 2,696 - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 33,709 - 183 - 2,727 - - - - - - - - - - - (681) - - - 33,709 (681) 183 - 2,727 33,709 $ 2,015 $ 183 $ - $ 2,727 $ 115 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Sheriff NE Sheriff Identification Truancy Department Indiana Foundation Security Reduction Training Trails Grants Protection 8,786 $ 1,509 $ 16,668 $ 80 $ 118,443 $ - - - - - - - - - - - - - - - - - - - 8,103 - - - - - - - - - - - - - - - - - - - - 8,786 $ 1,509 $ 16,668 $ 80 $ 126,546 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 8,786 - - - 126,546 - 1,509 16,668 80 - - - - - - - - - - - 8,786 1,509 16,668 80 126,546 8,786 $ 1,509 $ 16,668 $ 80 $ 126,546 $ 116 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (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 COVID 19 Legal ISDH Allen County Comm Based On-site Education Immunization Courts Family Testing Site Septic System Opportunity Grant Court Grant 305,329 $ 124,720 $ 7,619 $ - $ 18,427 $ - 2,959 - - - - 57 - - - - - - - - - 600 - - - - - - - - - - - 19,171 - - - - - - - - - - - 305,329 $ 128,336 $ 7,619 $ 19,171 $ 18,427 $ 21,899 $ - $ - $ - $ - $ - 3,662 - 1,699 - - - - 17,472 - 21,899 3,662 - 19,171 - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 283,430 124,674 7,619 - 18,427 - - - - - - - - - - - - - - - 283,430 124,674 7,619 - 18,427 305,329 $ 128,336 $ 7,619 $ 19,171 $ 18,427 $ 117 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (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 Stellar Volunteer Sex/Violent Criminal Alien Problem Regional Advocates Offender Assistance Solving Rural For Seniors Admin Program Court - $ 8,049 $ 47,351 $ 19,809 $ 25,303 $ - - 1,050 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ 8,049 $ 48,401 $ 19,809 $ 25,303 $ - $ 6,250 $ - $ - $ - $ - - - - - - - - - - - 6,250 - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ - 1,799 48,401 19,809 25,303 - - - - - - - - - - - - - - - - 1,799 48,401 19,809 25,303 - $ 8,049 $ 48,401 $ 19,809 $ 25,303 $ 118 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Allen County Auditor's Sheriff IJC 2016 LIT Refugee Ineligible Training Veterans Special Interpreter/ Deductions Center Court Dist 25% Translator 133,350 $ 16 $ 10,206 $ 1,239,545 $ - $ 3,098 - - 28,000 - - - - 542 - - - - - - - 5 - - - - - - - - - 6,250 - - - - - - - - - - - - - 136,448 $ 6,271 $ 10,206 $ 1,268,087 $ - $ - $ - $ - $ - $ - $ 1,694 - - - - - - - - - 1,694 - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 134,754 6,271 10,206 1,268,087 - - - - - - - - - - - - - - - - 134,754 6,271 10,206 1,268,087 - 136,448 $ 6,271 $ 10,206 $ 1,268,087 $ - $ 119 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (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 Courtools Dept. Commerical Adult Court Reform GIS Fines Court Law Probation Grant Infrastructure Collections Clerk Grant 3,362 $ 58,942 $ 32,567 $ 34,341 $ 435 $ - 1,331 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,362 $ 60,273 $ 32,567 $ 34,341 $ 435 $ - $ - $ - $ 2,354 $ 1,234 $ - - - - 12,522 - - - - - - - - 2,354 13,756 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 3,362 - - 31,987 - - 60,273 32,567 - - - - - - - - - - - (13,321) 3,362 60,273 32,567 31,987 (13,321) 3,362 $ 60,273 $ 32,567 $ 34,341 $ 435 $ 120 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (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 ISDH Solid JDAI DUI Syringe Waste Performance Task Force Service Prog User Fees Bonus Grant Enforcement - $ 2,353,269 $ - $ 2,782 $ - 53,501 - - - 1,035 - - - - - - - 570 - - - - - - 11,470 - - - - - - - - - - - 11,470 $ 2,408,375 $ - $ 2,782 $ - $ 67,062 $ - $ - $ 1,619 14,734 - - 9,851 - - - 11,470 81,796 - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - 2,326,579 - 2,782 - - - - - - - - - - - - - 2,326,579 - 2,782 11,470 $ 2,408,375 $ - $ 2,782 $ 121 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Court Allen County Call Fee Revolving Elected County Offender Fund Loan Fund Official Training Transportation 115 $ 447,523 $ 421,894 $ 27,565 $ - 10,377 9,496 - - - 184 - - - - - - - 8,103 - - - - - - - - - - - - - - - - - 115 $ 457,900 $ 439,677 $ 27,565 $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ 115 457,900 439,677 27,565 - - - - - - - - - - - - 115 457,900 439,677 27,565 115 $ 457,900 $ 439,677 $ 27,565 $ 122 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Family County Prosc IV-D Prosc IV-D Clerk IV-D Recovery IV-D Incentive Incentive Incentive Court Incentive Prior to 10/99 Post 10/99 Post 10/99 13,536 $ 49,477 $ 96,531 $ 243,991 $ 383,873 $ - 1,362 2,181 6,338 8,747 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 13,536 $ 50,839 $ 98,712 $ 250,329 $ 392,620 $ - $ - $ - $ 3,216 $ - $ - 6,206 - 7,987 1,622 - - - - - - 6,206 - 11,203 1,622 - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 13,536 44,633 98,712 239,126 390,998 - - - - - - - - - - - - - - - 13,536 44,633 98,712 239,126 390,998 13,536 $ 50,839 $ 98,712 $ 250,329 $ 392,620 $ 123 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (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 Reassessment Clinic County General Drain Great Batch 2015 Donation Bond Improvement TIF 1,176,968 $ 11,413 $ 45,488 $ 1,781,897 $ 97,477 $ 24,555 - - 40,914 - - - - 3,296 - 579,726 - 21,980 - 205,291 - - - - - - - - 3,790 - - - - 2 - - - - - - - - - - - 1,781,249 $ 11,413 $ 67,468 $ 1,829,899 $ 302,768 $ - $ - $ - $ 45,305 $ - $ 6,798 - - - - - - - - 169,622 6,798 - - 45,305 169,622 568,208 - 14,622 - 205,291 11,518 - 7,358 - - - - - - - 579,726 - 21,980 - 205,291 - $ - $ - $ - $ - $ 1,194,725 11,413 45,488 1,784,594 - - - - - - - - - - - - - - - (72,145) 1,194,725 11,413 45,488 1,784,594 (72,145) 1,781,249 $ 11,413 $ 67,468 $ 1,829,899 $ 302,768 $ 124 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Dupont Cumulative Special COIT - Diebold Capital CASAD Flood Control TIF Development East TIF Major Bridge 313,866 $ 739,274 $ 10,480,948 $ 670,353 $ 5,819,143 $ 7,090 10,784 227,168 11,375 115,591 - - 4,394 - - - 507,297 3,107,069 - 3,825,168 - - - - - - - - - - - - - - 14,419 - - - - - - - - - - 320,956 $ 1,257,355 $ 13,819,579 $ 681,728 $ 9,774,321 $ - $ - $ 159,932 $ - $ 50,156 $ - - - - - - - - 1,559,929 - - - 159,932 1,559,929 50,156 - 507,297 3,048,201 - 3,753,503 - - 58,868 - 71,665 - - - - - - 507,297 3,107,069 - 3,825,168 - $ - $ - $ - $ - $ - 750,058 10,552,578 - 5,898,997 - - - - - 320,956 - - - - - - - (878,201) - 320,956 750,058 10,552,578 (878,201) 5,898,997 320,956 $ 1,257,355 $ 13,819,579 $ 681,728 $ 9,774,321 $ 125 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (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 Lafayette Community Nestle TIF Center Development Mossman II Bond Corner TIF Argo Drain Corporation Drain 360,823 $ 2,305 $ 157,065 $ 335,600 $ 20,680 $ 5,349 - 3,548 7,739 - - - - 150 - 129,612 2,232 - - - - - - 1,595 - - - - - - - - - - - - - - - - - - - - - 495,784 $ 4,537 $ 160,613 $ 345,084 $ 20,680 $ - $ - $ - $ 78,315 $ - $ - - - 1,720 - - - - - - - - - 80,035 - 129,612 2,232 - - - - - - - - - - - - - 129,612 2,232 - - - - $ - $ - $ - $ - $ 366,172 2,305 160,613 - 20,680 - - - - - - - - 265,049 - - - - - - 366,172 2,305 160,613 265,049 20,680 495,784 $ 4,537 $ 160,613 $ 345,084 $ 20,680 $ 126 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Tax Woodburn Lincoln Uniroyal Diebold Abatement Industrial Industrial Goodrich Corner TIF Development TIF TIF TIF 11,544 $ 729,424 $ 121,410 $ 207,498 $ 279,925 $ - 16,867 1,382 4,687 2,088 - - - - - 209,459 - 219,432 - - - - - - - - - - - - - - - - - - 169,622 - - - - - - - - 221,003 $ 915,913 $ 342,224 $ 212,185 $ 282,013 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - 209,459 - 219,432 - - - - - - - - - - - - 209,459 - 219,432 - - - $ - $ - $ - $ - $ 11,544 - 122,792 212,185 282,013 - 915,913 - - - - - - - - - - - - - 11,544 915,913 122,792 212,185 282,013 221,003 $ 915,913 $ 342,224 $ 212,185 $ 282,013 $ 127 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances GM 2015 GM 2015B GM 2015A GM 2015A Nestle II General Account Bond Bond Reserve Account Reserve Account 598,927 $ 355 $ 583 $ 161,698 $ 59,752 $ 9,235 - - 3,652 1,350 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 608,162 $ 355 $ 583 $ 165,350 $ 61,102 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 608,162 355 583 165,350 61,102 - - - - - - - - - - - - - - - 608,162 355 583 165,350 61,102 608,162 $ 355 $ 583 $ 165,350 $ 61,102 $ 128 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Nestle II Bond GM Principal and GM 2015B Supplemental Vera Bradley Little River Interest Account Reserve Account TIF TIF Joint Drain 66,535 $ 244,352 $ 35,097 $ 210,548 $ 560,886 $ 1,503 5,519 - 4,696 12,698 - - - - - - - - - - - - - - - - - - - 92 - - - - - - - - - - - - - - - 68,038 $ 249,871 $ 35,097 $ 215,244 $ 573,676 $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ - $ - $ - $ - $ 68,038 249,871 35,097 215,244 573,676 - - - - - - - - - - - - - - - 68,038 249,871 35,097 215,244 573,676 68,038 $ 249,871 $ 35,097 $ 215,244 $ 573,676 $ 129 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (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 Dupont Bandalier Road East Group Delphi Oak Crossing Diebold TIF TIF TIF TIF Construction 1,094,371 $ 126,178 $ 25,615 $ 29,970 $ 452,228 $ 20,120 1,961 - - 19,246 - - - - - - 696,136 85,956 - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,114,491 $ 824,275 $ 111,571 $ 29,970 $ 471,474 $ - $ - $ - $ - $ - $ - - - - - 2,339,894 - 1,686,898 - - 2,339,894 - 1,686,898 - - - 696,136 85,956 - - - - - - - - - - - - - 696,136 85,956 - - - $ - $ - $ - $ - $ - 128,139 - 29,970 471,474 - - - - - - - - - - (1,225,403) - (1,661,283) - - (1,225,403) 128,139 (1,661,283) 29,970 471,474 1,114,491 $ 824,275 $ 111,571 $ 29,970 $ 471,474 $ 130 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (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 Zubric Zubric Redevelopment Sur/Wheel Road Road Coverdale Capital Tax Bridge TIF II TIF TIF 6,708,177 $ 1,223,936 $ 155,905 $ 115,954 $ 124,205 $ 151,537 27,447 3,522 2,619 - 2,931 531 - - - - - - - 118,284 - - - - - - - - - - - - - - - - - - - - 966,088 - - - - 7,828,733 $ 1,251,914 $ 159,427 $ 118,573 $ 242,489 $ 54,000 $ - $ - $ - $ 62,102 $ - - - - - - - - - - 54,000 - - - 62,102 - - - - 118,284 - - - - - - - - - - - - - - 118,284 966,088 $ - $ - $ - $ - $ 6,808,645 1,251,914 159,427 118,573 62,103 - - - - - - - - - - - - - - - 7,774,733 1,251,914 159,427 118,573 62,103 7,828,733 $ 1,251,914 $ 159,427 $ 118,573 $ 242,489 $ 131 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Woodburn LOIT Dupont Jail US 24 Special Corner Stonebridge Building TIF Distribution TIF TIF Corporation 46,256 $ 74,865 $ 84,697 $ 25,631 $ - $ - 1,692 - - - - - - - - 40,051 - 269,857 97,951 - - - - - - - - - - - - - - - - - - - - - - - - - - 86,307 $ 76,557 $ 354,554 $ 123,582 $ - $ - $ - $ - $ - $ - $ - - - - - - - 978,410 2,891,763 - - - 978,410 2,891,763 - 40,051 - 269,857 97,951 - - - - - - - - - - - 40,051 - 269,857 97,951 - - $ - $ - $ - $ - $ 46,256 76,557 - - - - - - - - - - - - - - - (893,713) (2,866,132) - 46,256 76,557 (893,713) (2,866,132) - 86,307 $ 76,557 $ 354,554 $ 123,582 $ - $ 132 ---PAGE BREAK--- ALLEN COUNTY COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Investments Receivables (net of allowances for uncollectibles): Interest Taxes Accounts Special assessments Intergovernmental Interfund receivables: Interfund loans Assets held for resale Total assets Liabilities, deferred inflows of resources, and fund balances Liabilities: Accounts payable Accrued payroll and withholdings payable Interfund payables: Interfund loans Total liabilities Deferred inflows of resources: Unavailable revenue - property taxes Unavailable revenue - license excise taxes Unavailable revenue - income taxes Total deferred inflows of resources Fund balances: Nonspendable fund balance Restricted fund balance Committed fund balance Assigned fund balance Unassigned fund balance Total fund balances Total liabilities, deferred inflows of resources, and fund balances Totals 77,648,702 $ 1,424,167 20,898 18,277,756 577,424 41,836 1,077,962 169,622 966,088 100,204,455 $ 1,226,169 $ 745,522 9,797,160 11,768,851 12,960,980 208,597 4,950,624 18,120,201 966,088 72,652,568 3,831,830 586,005 (7,721,088) 70,315,403 100,204,455 $ 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, 2020 Local Juvenile Income Tax - County Local Road Service of County Detention Public Safety Highway and Street Process Health Alternative Grant Revenues: Taxes 3,890,262 $ 2,669,060 $ - $ - $ 2,908,316 $ - $ Special assessments - - - - - - Licenses and permits - - - - - - Intergovernmental - 9,911,955 2,557,990 - 591,800 52,279 Charges for services - 393,816 - - 1,554,873 - Fines and forfeits - - - 275,507 - - Other - 141,010 942 - 23,133 1,040 Total revenues 3,890,262 13,115,841 2,558,932 275,507 5,078,122 53,319 Expenditures: Current: General government - - - - - - Public safety 3,576,741 - - 253,688 - 51,579 Highways and streets - 9,841,745 2,604,574 - - - Sanitation - - - - - - Economic development - - - - - - Health and welfare - - - - 5,324,157 - Culture and recreation - - - - - - Debt service: Principal - - - - - - Interest - - - - - - Capital outlay: Economic development - - - - - - Special assessment - - - - - - Total expenditures 3,576,741 9,841,745 2,604,574 253,688 5,324,157 51,579 Excess (deficiency) of revenues over (under) expenditures 313,521 3,274,096 (45,642) 21,819 (246,035) 1,740 Other financing sources (uses): Transfers in - - - - - - Transfers out - - - - - - Total other financing sources and uses - - - - - - Net change in fund balances 313,521 3,274,096 (45,642) 21,819 (246,035) 1,740 Fund balances - beginning 1,133,292 3,980,836 1,594,236 - 2,481,969 16,685 Fund balances - ending 1,446,813 $ 7,254,932 $ 1,548,594 $ 21,819 $ 2,235,934 $ 18,425 $ 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, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Supplemental Supplemental County Juvenile Adult Probation Accident Surveyor's Corner Firearms County Probation Services Services Report Perpetuation Training Extradition - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - 79,162 605,793 32,892 414,026 89,065 15,140 - - - - - - 1,752 2,648 424 10 2,008 2,364 80,914 608,441 33,316 414,036 91,073 17,504 - - - 173,846 - - 81,558 514,394 48,623 - 64,361 22,067 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 81,558 514,394 48,623 173,846 64,361 22,067 (644) 94,047 (15,307) 240,190 26,712 (4,563) - - - - - - - - - - - - - - - - - - (644) 94,047 (15,307) 240,190 26,712 (4,563) 104,177 241,014 23,178 1,017,497 19,898 3,530 103,533 $ 335,061 $ 7,871 $ 1,257,687 $ 46,610 $ (1,033) $ 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, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending County Law Recorders Enforcement Records Drainage Jail Local Health County Continuing County Perpetuation Maintenance Commissary Maintenance User Fee Education Corrections - $ - $ - $ - $ - $ - $ - $ - 1,053,278 - - - - - - - - - - - - - - - 72,672 - - 218,074 1,334,076 - 2,501,209 97,393 - 6,652 - - - - - 36,693 - - 10,874 26,057 - 204 - - - 1,344,950 1,079,335 2,501,209 170,269 36,693 6,652 218,074 807,094 875,102 - - 38,692 - - - - 2,293,217 - - 6,522 218,074 - - - - - - - - - - - - - - - - - - - - - - - - 144,084 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 807,094 875,102 2,293,217 144,084 38,692 6,522 218,074 537,856 204,233 207,992 26,185 (1,999) 130 - - - - - - - - - - (37,000) - - - - - - (37,000) - - - - 537,856 204,233 170,992 26,185 (1,999) 130 - 1,111,635 5,932,159 884,257 (5,151) 74,729 21,923 34,240 1,649,491 $ 6,136,392 $ 1,055,249 $ 21,034 $ 72,730 $ 22,053 $ 34,240 $ 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, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Community Alcohol Abuse Community Corrections - Redevelopment Hazardous Deterrent Corrections Home Detention Commission Waste Program Narcotics - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 3,965,972 - - - - - - 1,787,190 - - 135,074 314,078 - - - - - - - 36,998 1,172 27,013 - - 3,965,972 1,824,188 1,172 27,013 135,074 314,078 - - - - - - 3,886,160 1,667,277 - 26,798 138,402 300,045 - - - - - - - - - - - - - - 21,633 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,886,160 1,667,277 21,633 26,798 138,402 300,045 79,812 156,911 (20,461) 215 (3,328) 14,033 - - 50,000 - - - - - - - - - - - 50,000 - - - 79,812 156,911 29,539 215 (3,328) 14,033 (188,979) 968,798 69,351 3,028,781 6,129 69,436 (109,167) $ 1,125,709 $ 98,890 $ 3,028,996 $ 2,801 $ 83,469 $ 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, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Park and Emergency Vehicle County Recreation Economic Planning and Title Record Drug Free Nonreverting Development Right to Know Inspection Check Plat Book Community - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - 20,510 - - - - 214,133 - - 3,190 25,846 189,600 - - - - - - - 139,526 6,303 2,767 43 - 76 - - 220,436 2,767 20,553 3,190 25,922 189,600 139,526 - - - - - 178,586 - - - 4,368 3,999 45,541 - 158,566 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 140,111 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 140,111 - 4,368 3,999 45,541 178,586 158,566 80,325 2,767 16,185 (809) (19,619) 11,014 (19,040) - - - - - - - - - - - - - - - - - - - - - 80,325 2,767 16,185 (809) (19,619) 11,014 (19,040) 671,451 325,236 256,257 13,453 103,699 428,195 180,010 751,776 $ 328,003 $ 272,442 $ 12,644 $ 84,080 $ 439,209 $ 160,970 $ 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, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Supplemental Court Allen Public Defender Check and Public Drug Appointed County Services Connect Information Task Force Special Advocate Statewide 911 - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 35,623 204,882 - 366 462,804 3,224,098 480 - 253,595 - - - 72,262 - - - - - 354 736 30,433 - 24 456 108,719 205,618 284,028 366 462,828 3,224,554 - - 370,662 - 403,789 - 61,910 147,792 - 2,193 - 3,224,098 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 61,910 147,792 370,662 2,193 403,789 3,224,098 46,809 57,826 (86,634) (1,827) 59,039 456 36,237 - 144 - - - - - - - - - 36,237 - 144 - - - 83,046 57,826 (86,490) (1,827) 59,039 456 157,958 (57,826) 413,600 1,827 285,709 10,011 241,004 $ - $ 327,110 $ - $ 344,748 $ 10,467 $ 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, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Park and Indiana Law Department Law Prosecutor Tax Recreation Enforcement of Planning Enforcement PCA Sale Fee Gift Assist Grant Services - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 37,583 3,653 - - 13,090 - - - 224,763 - - 115,434 - - - - - - - 1,049 - 9,614 - 145 37,583 4,702 224,763 9,614 13,090 115,579 - - 149,518 - - 56,815 18,252 - - - - - - - - - - - - - - - - - - - - - - - - 7,455 - - - - - - - 2,917 - - - - - - - - - - - - - - - - - - - - - - - - - - 18,252 7,455 149,518 2,917 - 56,815 19,331 (2,753) 75,245 6,697 13,090 58,764 - - - - - - - - - - - - - - - - - - 19,331 (2,753) 75,245 6,697 13,090 58,764 51,016 26,926 350,201 199,842 - 460,934 70,347 $ 24,173 $ 425,446 $ 206,539 $ 13,090 $ 519,698 $ 140 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Circuit Superior Medical Care Chemical Infraction Court Pre-Trial Court for Inmates Testing Jury Fee Deferral Fee ADR Plan Diversion ADR Plan - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - 472,831 - - - 59,583 3,625 - 1,212 - - - - - 28,290 696,519 13,960 - 12,975 - - 4,261 5 - - - 59,583 3,625 32,551 1,170,567 13,960 - 12,975 - - 31,902 - 3,935 - 4,265 106,752 3,486 - 1,295,125 - 24,034 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 106,752 3,486 31,902 1,295,125 3,935 24,034 4,265 (47,169) 139 649 (124,558) 10,025 (24,034) 8,710 - - - 222,960 - - - - - - - - (222,960) - - - - 222,960 - (222,960) - (47,169) 139 649 98,402 10,025 (246,994) 8,710 62,479 43,252 3,875 438,733 45,094 246,994 25,944 15,310 $ 43,391 $ 4,524 $ 537,135 $ 55,119 $ - $ 34,654 $ 141 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending IOCS Campaign Community Corona Virus Problem Finance Surveyor's Federal Transitions Stormwater Relief Solving Grant Enforcement Petition Asset Seizure Program Study - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - 12,585,461 10,000 - - 90,525 207,900 - - 5,059 - 500 - - - - - - - - - - - - 2,326 - 1,967 - 700 12,585,461 15,059 2,326 500 92,492 207,900 700 1,685,500 4,257 - 25 - - - - - - - 39,420 230,943 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,685,500 4,257 - 25 39,420 230,943 - 10,899,961 10,802 2,326 475 53,072 (23,043) 700 - - - - - - - (10,607,681) - - - - - - (10,607,681) - - - - - - 292,280 10,802 2,326 475 53,072 (23,043) 700 - - 13,784 6,976 72,686 23,290 65,976 292,280 $ 10,802 $ 16,110 $ 7,451 $ 125,758 $ 247 $ 66,676 $ 142 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Juvenile Mobile Clerk Alcohol Internet Prisoner Public Defender Command Record and Drug Access Reimbursement User Fees Unit Perpetuation User Fees - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - 688 137,025 - 106 - - - 807 - - - - 215,535 658,499 - - - 119 - 95 - 106 - 119 216,223 796,426 - - - - 40,765 - - - 762 - - 908,237 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 762 - 40,765 908,237 - 106 (762) 119 175,458 (111,811) - - - - - - - - (35,312) - - - - - (35,312) - - - - 106 (36,074) 119 175,458 (111,811) 134,789 11,355 36,074 12,799 1,179,236 371,979 134,789 $ 11,461 $ - $ 12,918 $ 1,354,694 $ 260,168 $ 143 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Allen County Prosecutor's Tangible Youth Sales Levy Children's Federal Sheriff Incentive Services Per Disclosure Excess Home Gift Asset Seizure Donation Program Diem Fees - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - 2,460 - - - 60,240 - - - - - 827,214 - - - - - - - 2,275 - 1,788 120 2,627 8,500 5,129 62,515 - 1,788 2,580 2,627 8,500 832,343 11,558 110 - - - - - - - - - 4,433 312 - - - - - - - - - - - - - - - - - - - - - - - - 2,999 - - - 801,728 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 11,558 110 2,999 - 4,433 312 801,728 50,957 (110) (1,211) 2,580 (1,806) 8,188 30,615 - - - - - - - - - - - - - - - - - - - - - 50,957 (110) (1,211) 2,580 (1,806) 8,188 30,615 240,540 62,827 41,431 10,798 19,153 1,469 598,398 291,497 $ 62,717 $ 40,220 $ 13,378 $ 17,347 $ 9,657 $ 629,013 $ 144 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Court Juvenile Center Check Adult Improvement Sheriff Per Diem Deception Protective Unsafe Project Civil Action Fees Program Services Building Allen-CIP-FY-03/04 Suit - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - 450,544 - 625 - 125,622 1,611 - - - - - - - - - - 3,809 - - 259,326 - 600 129,431 1,611 450,544 259,326 625 600 - - - - 5,355 - 20,495 1,379 450,849 341,956 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 20,495 1,379 450,849 341,956 5,355 - 108,936 232 (305) (82,630) (4,730) 600 - - - - - - - - - - - - - - - - - - 108,936 232 (305) (82,630) (4,730) 600 336,637 1,329 296 320,757 6,357 113,440 445,573 $ 1,561 $ $ 238,127 $ 1,627 $ 114,040 $ 145 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Substance Abuse Tobacco St. Joseph Great Prevention and Master Plan Foundation Lakes HIV/AIDS Treatment Supplemental Program Lead Program Restoration Program Program Education - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 123,989 - 231,114 39,510 59,197 - - - - - - - - - - - - - - - - - - - 123,989 - 231,114 39,510 59,197 - - - 229,271 - - - - - - - - - - - - - - - - - - - - - - - - - - - 115,467 - - 31,770 55,143 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 115,467 - 229,271 31,770 55,143 - 8,522 - 1,843 7,740 4,054 - - - - - - - - - - - - - - - - - - - 8,522 - 1,843 7,740 4,054 - 6,803 7,759 (1,243) (7,740) (4,050) 981 15,325 $ 7,759 $ 600 $ - $ 4 $ 981 $ 146 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Allen County Allen County Great KIDS Courts Foreign Onsite Make Great Electronic Map Language Wastewater Traffic Jury Fee COMMUNITIES Generation Interpreter Management Enforcement Circuit Court - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 450 - 155,790 - 295 - - 39 - - - - - - - - - 273 20,723 354 - - - - 21,173 393 155,790 - 295 273 - - 152,550 - - - - - - - 884 - - - - - - - - - - 9,817 - - - - - - - - 158,396 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 158,396 - 152,550 9,817 884 - (137,223) 393 3,240 (9,817) (589) 273 - - - 10,000 - - - - - - - - - - - 10,000 - - (137,223) 393 3,240 183 (589) 273 137,223 33,316 (3,921) - 589 2,454 - $ 33,709 $ (681) $ 183 $ - $ 2,727 $ 147 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Sheriff NE Sheriff Identification COVID 19 Truancy Department Indiana Foundation Security Comm Based On-site Reduction Training Trails Grants Protection Testing Site Septic System - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - 400,000 - - 230 - - 83,274 - 143,265 - - - - - - - 16,159 - 7,143 - - - 1,151 16,159 230 7,143 - 83,274 400,000 144,416 - - 1,873 - 45,000 - - 12,616 - - - - - - - - - - - - - - - - - - - 135,337 - - - - - - - - - - - - 116,570 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 12,616 - 1,873 - 45,000 116,570 135,337 3,543 230 5,270 - 38,274 283,430 9,079 - - - - - - - - - - - - - (10,000) - - - - - - (10,000) 3,543 230 5,270 - 38,274 283,430 (921) 5,243 1,279 11,398 80 88,272 - 125,595 8,786 $ 1,509 $ 16,668 $ 80 $ 126,546 $ 283,430 $ 124,674 $ 148 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Legal ISDH Allen County Stellar Volunteer Sex/Violent Education Immunization Courts Family Regional Advocates For Offender Opportunity Grant Court Grant Rural Dev Seniors Admin - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 7,000 105,794 - 10,100 75,000 - - - - - - 24,809 - - - - - - - - - - 316 486 7,000 105,794 - 10,100 75,316 25,295 - - 5,552 10,100 75,000 - - - - - - 19,990 - - - - - - - - - - - - - - - - - - - 105,794 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 105,794 5,552 10,100 75,000 19,990 7,000 - (5,552) - 316 5,305 - - - - - - - - - - - - - - - - - - 7,000 - (5,552) - 316 5,305 619 - 23,979 - 1,483 43,096 7,619 $ - $ 18,427 $ - $ 1,799 $ 48,401 $ 149 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending State Allen County Criminal Alien Problem Auditor's Sheriff IJC 2016 LIT Refugee Assistance Solving Ineligible Training Veterans Special Interpreter/ Program Court Deductions Center Court Dist 25% Translator - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - 19,809 20,000 20,287 - 10,000 979,941 4,750 - - - 8,755 - - - - - - - - - - - 2,872 1,730 32 6 13,135 - 19,809 22,872 22,017 8,787 10,006 993,076 4,750 - - 59,875 - - - - - 14,919 - 6,116 260 - - - - - - - 1,175,044 - - - - - - - - - - - - - - - - - - - - - 20,413 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 14,919 59,875 6,116 260 1,175,044 20,413 19,809 7,953 (37,858) 2,671 9,746 (181,968) (15,663) - - - - - - - - - - - - - - - - - - - - - 19,809 7,953 (37,858) 2,671 9,746 (181,968) (15,663) - 17,350 172,612 3,600 460 1,450,055 15,663 19,809 $ 25,303 $ 134,754 $ 6,271 $ 10,206 $ 1,268,087 $ - $ 150 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Health ACCC Courtools Dept. Commerical Adult ISDH Solid Waste Court Reform GIS Fines Court Law Probation Syringe User Grant Infrastructure Collections Clerk Grant Service Prog Fees - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - 13,871 180,000 - 35,865 399,739 84,619 - - - 2,565 - - - 1,401,337 - - - - - - - - 1,265 - 573 - - 22,590 13,871 181,265 2,565 36,438 399,739 84,619 1,423,927 13,952 375,000 - 62,377 - - - - - - - 465,475 - - - - - - - - - - - - - - - 1,471,092 - - - - - - - - - 7,711 - - 69,398 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 13,952 375,000 7,711 62,377 465,475 69,398 1,471,092 (81) (193,735) (5,146) (25,939) (65,736) 15,221 (47,165) - 180,000 - - - - - - - - - - - - - 180,000 - - - - - (81) (13,735) (5,146) (25,939) (65,736) 15,221 (47,165) 3,443 74,008 37,713 57,926 52,415 (15,221) 2,373,744 3,362 $ 60,273 $ 32,567 $ 31,987 $ (13,321) $ - $ 2,326,579 $ 151 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending JDAI DUI Court Call Allen County Performance Task Force Fee Revolving Loan Elected County Offender Bonus Grant Enforcement Fund Fund Official Training Transportation - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - 27,270 - - - - - - - - 83,274 - - - - - - 2,522 - - - 5,444 3,478 - - 27,270 - 5,444 86,752 2,522 5,551 - - 260,000 4,762 - - 24,488 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5,551 24,488 - 260,000 4,762 - (5,551) 2,782 - (254,556) 81,990 2,522 - - - - - - - - - - - - - - - - - - (5,551) 2,782 - (254,556) 81,990 2,522 5,551 - 115 712,456 357,687 25,043 - $ 2,782 $ 115 $ 457,900 $ 439,677 $ 27,565 $ 152 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Family County Prosc IV-D Prosc IV-D Clerk IV-D Recovery IV-D Incentive Incentive Incentive Reassessment Clinic Court Incentive Prior to 10/99 Post 10/99 Post 10/99 2015 Donation - $ - $ - $ - $ - $ 565,943 $ - $ - - - - - - - - - - - - - - 12,125 192,085 - 289,000 192,085 52,508 - - - - - - - - - - - - - - - - 982 1,036 3,988 4,838 9,297 500 12,125 193,067 1,036 292,988 196,923 627,748 500 24,056 - - - - 563,770 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 235,950 - 499,360 53,069 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 24,056 235,950 - 499,360 53,069 563,770 - (11,931) (42,883) 1,036 (206,372) 143,854 63,978 500 - - - 300,000 - - - - - - - (300,000) - - - - - 300,000 (300,000) - - (11,931) (42,883) 1,036 93,628 (156,146) 63,978 500 25,467 87,516 97,676 145,498 547,144 1,130,747 10,913 13,536 $ 44,633 $ 98,712 $ 239,126 $ 390,998 $ 1,194,725 $ 11,413 $ 153 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Cumulative County General Drain Great Batch Special COIT - Dupont Capital Bond Improvement TIF Flood Control Diebold TIF Development 391,684 $ - $ 343,549 $ - $ 541,153 $ 2,892,595 $ - 248,791 - - - - - - - - - - 33,547 - - - - 266,016 - - - - - 150,578 - - - - - - 2,446 67,465 139 69,391 2,472 129,380 427,677 316,256 343,688 69,391 543,625 3,438,569 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 253,132 - - 4,293,659 - 115,858 - - - - - 115,858 253,132 - - 4,293,659 427,677 200,398 90,556 69,391 543,625 (855,090) 5,230 - - - - 2,358 (867,000) - (169,622) - - - (861,770) - (169,622) - - 2,358 (434,093) 200,398 (79,066) 69,391 543,625 (852,732) 479,581 1,584,196 6,921 251,565 206,433 11,405,310 45,488 $ 1,784,594 $ (72,145) $ 320,956 $ 750,058 $ 10,552,578 $ 154 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Lafayette Community CASAD Nestle TIF Center Development Mossman East TIF Major Bridge II Bond Corner TIF Argo Drain Corporation Drain 327,482 $ 3,521,420 $ 131,737 $ 2,305 $ - $ - $ - $ - - - - - - - - - - - - - - - 332,301 - - - - - - - - - - - - - - - - - - - 3,699 51,467 2,695 - 1,686 299,018 217 331,181 3,905,188 134,432 2,305 1,686 299,018 217 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,180,000 - - - - - - 630,000 - - - - - - 343,989 550 - - 330,920 - - - - - - - - - 2,153,989 550 - - 330,920 - 331,181 1,751,199 133,882 2,305 1,686 (31,902) 217 - - - - - - - (1,559,929) - (100,000) - - - - (1,559,929) - (100,000) - - - - (1,228,748) 1,751,199 33,882 2,305 1,686 (31,902) 217 350,547 4,147,798 332,290 - 158,927 296,951 20,463 (878,201) $ 5,898,997 $ 366,172 $ 2,305 $ 160,613 $ 265,049 $ 20,680 $ 155 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Tax Woodburn Lincoln Uniroyal Diebold Abatement Industrial Industrial Goodrich GM 2015 GM 2015B Corner TIF Development TIF TIF TIF General Account Bond 11,544 $ - $ 84,073 $ 194 $ 387,437 $ 392,949 $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 37,855 780 2,225 576 6,828 1,484 11,544 37,855 84,853 2,419 388,013 399,777 1,484 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 315,000 - - - - - - 6,110 - 17,980 85,000 - 349,671 - - - - - - - - - - 17,980 85,000 - 349,671 - 321,110 11,544 19,875 (147) 2,419 38,342 399,777 (319,626) - 169,622 - - - - 148,000 - - - - - (591,000) - - 169,622 - - - (591,000) 148,000 11,544 189,497 (147) 2,419 38,342 (191,223) (171,626) - 726,416 122,939 209,766 243,671 799,385 171,981 11,544 $ 915,913 $ 122,792 $ 212,185 $ 282,013 $ 608,162 $ 355 $ 156 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Nestle II Bond GM GM 2015A GM 2015A Nestle II Principal and GM 2015B Supplemental Bond Reserve Account Reserve Account Interest Account Reserve Account TIF - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,010 1,736 641 501 2,108 368 3,010 1,736 641 501 2,108 368 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 885,000 - - - - - 17,355 - - 79,469 - - - - - - - - - - - - - - 902,355 - - 79,469 - - (899,345) 1,736 641 (78,968) 2,108 368 443,000 - - 100,000 - - - - - - - - 443,000 - - 100,000 - - (456,345) 1,736 641 21,032 2,108 368 456,928 163,614 60,461 47,006 247,763 34,729 583 $ 165,350 $ 61,102 $ 68,038 $ 249,871 $ 35,097 $ 157 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Bluffton Dupont Vera Bradley Little River Bandalier Road East Group Delphi Oak Crossing Diebold TIF Joint Drain TIF TIF TIF TIF Construction 2,763 $ - $ 430,183 $ 479,035 $ 28,261 $ - $ - $ - 180 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,037 4,800 6,162 558 186 315 1,070,492 4,800 4,980 436,345 479,593 28,447 315 1,070,492 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 108,095 - - 599,018 - 15,683 - - - - - - 15,683 - 108,095 - - 599,018 4,800 (10,703) 436,345 371,498 28,447 315 471,474 - - - - - - - - - (2,339,894) (502) - - - - - (2,339,894) (502) - - - 4,800 (10,703) (1,903,549) 370,996 28,447 315 471,474 210,444 584,379 678,146 (242,857) (1,689,730) 29,655 - 215,244 $ 573,676 $ (1,225,403) $ 128,139 $ (1,661,283) $ 29,970 $ 471,474 $ 158 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Allen County Zubric Zubric Woodburn LOIT Redevelopment Sur/Wheel Road Road Coverdale US 24 Special Capital Tax Bridge TIF II TIF TIF TIF Distribution - $ - $ - $ - $ 124,205 $ 41,483 $ - $ - - - - - - - - - - - - - - - 116,187 - - - - 138,671 - - - - - - - - - - - - - - 61,022 10,280 1,591 1,243 - 235 7,592 61,022 126,467 1,591 1,243 124,205 41,718 146,263 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 98,056 - - - 125,475 40,000 992,957 - - - - - - - 98,056 - - - 125,475 40,000 992,957 (37,034) 126,467 1,591 1,243 (1,270) 1,718 (846,694) - - - - - - - - - - - - - - - - - - - - - (37,034) 126,467 1,591 1,243 (1,270) 1,718 (846,694) 7,811,767 1,125,447 157,836 117,330 63,373 44,538 923,251 7,774,733 $ 1,251,914 $ 159,427 $ 118,573 $ 62,103 $ 46,256 $ 76,557 $ 159 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- NON-MAJOR GOVERNMENTAL FUNDS For the Year Ended December 31, 2020 (Continued) Revenues: Taxes Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Other Total revenues Expenditures: Current: General government Public safety Highways and streets Sanitation Economic development Health and welfare Culture and recreation Debt service: Principal Interest Capital outlay: Economic development Special assessment Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Transfers in Transfers out Total other financing sources and uses Net change in fund balances Fund balances - beginning Fund balances - ending Dupont Jail Corner Stonebridge Building TIF TIF Corporation Totals 129,340 $ 50,803 $ - $ 20,347,776 $ - - - 1,302,249 - - - - - - - 39,960,325 - - - 13,371,185 - - - 2,152,561 200 9 77 2,596,380 129,540 50,812 77 79,730,476 - - - 6,730,465 - - - 20,789,156 - - - 13,621,363 - - - 1,616,246 - - - 21,633 - - - 7,749,464 - - - 143,028 - - 850,000 3,230,000 - - 17,000 749,934 30,000 - - 7,668,502 - - - 131,541 30,000 - 867,000 62,451,332 99,540 50,812 (866,923) 17,279,144 - - 867,000 2,534,551 - - (5,230) (16,846,130) - - 861,770 (14,311,579) 99,540 50,812 (5,153) 2,967,565 - (993,253) (2,916,944) 5,153 67,347,838 (893,713) $ (2,866,132) $ - $ 70,315,403 $ 160 ---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 5,476,895 $ 908,685 $ 151,694 $ 67,973 $ 218,464 $ 6,823,711 $ Investments 40,470 20,843 - - 3,861 65,174 Interest receivable 783 403 - - 75 1,261 Accounts receivable (net of allowance) - 9,185 1,890 - 141,424 152,499 Total assets 5,518,148 939,116 153,584 67,973 363,824 7,042,645 Liabilities Current liabilities: Accounts payable 485,887 8,923 36,765 5,442 48,417 585,434 Incurred but not reported claims 2,149,453 - - - - 2,149,453 Total liabilities 2,635,340 8,923 36,765 5,442 48,417 2,734,887 Net Position Unrestricted 2,882,808 930,193 116,819 62,531 315,407 4,307,758 Total net position 2,882,808 $ 930,193 $ 116,819 $ 62,531 $ 315,407 $ 4,307,758 $ ALLEN COUNTY COMBINING STATEMENT OF NET POSITION - INTERNAL SERVICE FUNDS December 31, 2020 161 ---PAGE BREAK--- County Workmans Self-Insurance Vehicle Liability Compensation Internal Health Self-Insurance Insurance Self-Insurance Reimbursement Totals Operating revenues: Miscellaneous - $ - $ 7,500 $ 13,737 $ 2,913 $ 24,150 $ Employee/employer contributions 9,858,186 297,722 401,890 1,245,500 1,004,371 12,807,669 Total operating revenues 9,858,186 297,722 409,390 1,259,237 1,007,284 12,831,819 Operating expenses: Insurance claims and expenses 13,267,713 313,746 380,885 1,366,884 1,026,065 16,355,293 Operating income (loss) (3,409,527) (16,024) 28,505 (107,647) (18,781) (3,523,474) Nonoperating revenues: Interest and investment revenue 38,537 8,709 - 2,363 2,175 51,784 Change in net position (3,370,990) (7,315) 28,505 (105,284) (16,606) (3,471,690) Total net position - beginning 6,253,798 937,508 88,314 167,815 332,013 7,779,448 Total net position - ending 2,882,808 $ 930,193 $ 116,819 $ 62,531 $ 315,407 $ 4,307,758 $ ALLEN COUNTY COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION - INTERNAL SERVICE FUNDS For The Year Ended December 31, 2020 162 ---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 9,858,186 $ 288,537 $ 400,000 $ 1,245,500 $ 1,062,963 $ 12,855,186 $ Payments to suppliers (13,486,223) (304,823) (358,404) (1,361,442) (1,041,385) (16,552,277) Other receipts - - 7,500 15,213 2,847 25,560 Net cash provided (used) by operating activities (3,628,037) (16,286) 49,096 (100,729) 24,425 (3,671,531) Cash flows from investing activities: Proceeds from sales and maturities of investments 723,010 121,397 - 20,461 30,067 894,935 Purchase of investments (40,470) (20,843) - - (3,861) (65,174) Interest received 49,415 10,264 - 2,693 2,585 64,957 Net cash provided (used) by investing activities 731,955 110,818 - 23,154 28,791 894,718 Net increase (decrease) in cash and cash equivalents (2,896,082) 94,532 49,096 (77,575) 53,216 (2,776,813) Cash and cash equivalents, January 1 8,372,977 814,153 102,598 145,548 165,248 9,600,524 Cash and cash equivalents, December 31 5,476,895 $ 908,685 $ 151,694 $ 67,973 $ 218,464 $ 6,823,711 $ Reconciliation of operating income (loss) to net cash provided (used) by operating activities: Operating income (loss) (3,409,527) $ (16,024) $ 28,505 $ (107,647) $ (18,781) $ (3,523,474) $ Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: (Increase) decrease in assets: Accounts receivable - (9,185) (1,890) 1,476 58,526 48,927 Increase (decrease) in liabilities: Accounts payable (31,712) 8,923 22,481 5,442 (15,320) (10,186) Incurred but not reported claims (186,798) - - - - (186,798) Total adjustments (218,510) (262) 20,591 6,918 43,206 (148,057) Net cash provided (used) by operating activities (3,628,037) $ (16,286) $ 49,096 $ (100,729) $ 24,425 $ (3,671,531) $ ALLEN COUNTY COMBINING STATEMENT OF CASH FLOWS - INTERNAL SERVICE FUNDS For The Year Ended December 31, 2020 163 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- CUSTODIAL FUNDS December 31, 2020 Tax Sale Tax Sale Assets Redemption Surplus Court Fees Cash and cash equivalents 112,545 $ 3,934,257 $ 62,783 $ Receivables: Accounts - - 46,703 Interest Taxes for other governments - - - Total receivables - - 46,703 Investments at fair value: U.S. Government securities - - - Total assets 112,545 $ 3,934,257 $ 109,486 $ Liabilities Accounts payable and other liabilities - $ - $ - $ Due to other governments - 83 - Total liabilities - 83 - Net Position Restricted for: Individuals, organizations, and other governments 112,545 3,934,174 109,486 Total net position 112,545 $ 3,934,174 $ 109,486 $ 164 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- CUSTODIAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Receivables: Accounts Interest Taxes for other governments Total receivables Investments at fair value: U.S. Government securities Total assets Liabilities Accounts payable and other liabilities Due to other governments Total liabilities Net Position Restricted for: Individuals, organizations, and other governments Total net position County Treasurer Youth Sheriff's Bid Bond Surplus Tax Tax Funds Services Trust Inmate Trust 5,550 $ 3,565,680 $ 3,497,606 $ 100,606 $ 132,169 $ - - - - - 44 - - - 12,197,993 - - - - 12,197,993 44 - - - - 2,273 - 5,550 $ 3,565,680 $ 15,695,599 $ 102,923 $ 132,169 $ - $ - $ - $ - $ - $ - - 708,223 - - - - 708,223 - - 5,550 3,565,680 14,987,376 102,923 132,169 5,550 $ 3,565,680 $ 14,987,376 $ 102,923 $ 132,169 $ 165 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- CUSTODIAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Receivables: Accounts Interest Taxes for other governments Total receivables Investments at fair value: U.S. Government securities Total assets Liabilities Accounts payable and other liabilities Due to other governments Total liabilities Net Position Restricted for: Individuals, organizations, and other governments Total net position Personal County Work County Adult Property Juvenile Recorder Release Clerk Probation Asst Audit Probation 47,483 $ 132 $ 3,050,023 $ 58,036 $ - $ 11,137 $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 47,483 $ 132 $ 3,050,023 $ 58,036 $ - $ 11,137 $ - $ - $ - $ 22,985 $ - $ 5,278 $ - - - - - - - - - 22,985 - 5,278 47,483 132 3,050,023 35,051 - 5,859 47,483 $ 132 $ 3,050,023 $ 35,051 $ - $ 5,859 $ 166 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITION- CUSTODIAL FUNDS December 31, 2020 (Continued) Assets Cash and cash equivalents Receivables: Accounts Interest Taxes for other governments Total receivables Investments at fair value: U.S. Government securities Total assets Liabilities Accounts payable and other liabilities Due to other governments Total liabilities Net Position Restricted for: Individuals, organizations, and other governments Total net position County Treasurer Totals - $ 14,578,007 $ 46,703 44 - 12,197,993 - 12,244,740 - 2,273 - $ 26,825,020 $ 28,263 $ - 708,306 - 736,569 - 26,088,451 - $ 26,088,451 $ 167 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN NET POSITION- CUSTODIAL FUNDS December 31, 2020 Tax Sale Tax Sale Redemption Surplus Court Fees Bid Bond Surplus Tax Additions Investment income: Net increase (decrease) in fair value of investments - $ - $ - $ - $ - $ Interest, dividends and other - - - - - Net investment income - - - - - Collections: Taxes for other governments 5,171,917 4,401,255 - - 3,534,541 Fines/Fees/Restitution - - 705,703 - - Miscellaneous - - - 3,000 - Total Collections 5,171,917 4,401,255 705,703 3,000 3,534,541 Total additions 5,171,917 4,401,255 705,703 3,000 3,534,541 Deductions Payments of tax to other governments 5,113,012 $ 4,940,697 $ 715,812 $ - $ - $ Payments to individuals and organizations - - - 3,000 1,512,767 Total deductions 5,113,012 4,940,697 715,812 3,000 1,512,767 Net increase (decrease) in fiduciary net position 58,905 (539,442) (10,109) - 2,021,774 Net position - beginning 53,640 4,473,616 119,595 5,550 1,543,906 Prior period adjustment - See Note III. F. - - - - - Net position - beginning (restated) 53,640 4,473,616 119,595 5,550 1,543,906 Net position - ending 112,545 $ 3,934,174 $ 109,486 $ 5,550 $ 3,565,680 $ 168 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION- CUSTODIAL FUNDS December 31, 2020 (Continued) Additions Investment income: Net increase (decrease) in fair value of investments Interest, dividends and other Net investment income Collections: Taxes for other governments Fines/Fees/Restitution Miscellaneous Total Collections Total additions Deductions Payments of tax to other governments Payments to individuals and organizations Total deductions Net increase (decrease) in fiduciary net position Net position - beginning Prior period adjustment - See Note III. F. Net position - beginning (restated) Net position - ending Youth County Treasurer Services Sheriff's County Work Tax Funds Trust Inmate Trust Recorder Release - $ - $ - $ - $ - $ - 1,124 - - - - 1,124 - - - 486,591,754 - - - - - - - 2,597,850 - - - 1,942,257 - 132 486,591,754 - 1,942,257 2,597,850 132 486,591,754 1,124 1,942,257 2,597,850 132 523,541,766 $ - $ - $ - $ - $ - - 1,930,067 2,585,009 11,417 523,541,766 - 1,930,067 2,585,009 11,417 (36,950,012) 1,124 12,190 12,841 (11,285) 39,947,672 101,799 119,979 34,642 11,417 11,989,716 - - - - 51,937,388 101,799 119,979 34,642 11,417 14,987,376 $ 102,923 $ 132,169 $ 47,483 $ 132 $ 169 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION- CUSTODIAL FUNDS December 31, 2020 (Continued) Additions Investment income: Net increase (decrease) in fair value of investments Interest, dividends and other Net investment income Collections: Taxes for other governments Fines/Fees/Restitution Miscellaneous Total Collections Total additions Deductions Payments of tax to other governments Payments to individuals and organizations Total deductions Net increase (decrease) in fiduciary net position Net position - beginning Prior period adjustment - See Note III. F. Net position - beginning (restated) Net position - ending Personal County Adult Property Juvenile County Clerk Probation Asst Audit Probation Treasurer - $ - $ - $ - $ - $ - - - - - - - - - - - - - - 26,691,445 1,031,527 - 107,303 - - - - - - 26,691,445 1,031,527 - 107,303 - 26,691,445 1,031,527 - 107,303 - - $ - $ 4,135 $ - $ 28,323,264 1,023,237 - 105,725 - 28,323,264 1,023,237 4,135 105,725 - (1,631,819) 8,290 (4,135) 1,578 - 4,681,842 26,761 4,135 4,281 11,989,716 - - - - (11,989,716) 4,681,842 26,761 4,135 4,281 - 3,050,023 $ 35,051 $ - $ 5,859 $ - $ 170 ---PAGE BREAK--- ALLEN COUNTY COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION- CUSTODIAL FUNDS December 31, 2020 (Continued) Additions Investment income: Net increase (decrease) in fair value of investments Interest, dividends and other Net investment income Collections: Taxes for other governments Fines/Fees/Restitution Miscellaneous Total Collections Total additions Deductions Payments of tax to other governments Payments to individuals and organizations Total deductions Net increase (decrease) in fiduciary net position Net position - beginning Prior period adjustment - See Note III. F. Net position - beginning (restated) Net position - ending Totals - $ 1,124 1,124 499,699,467 31,133,828 1,945,389 532,778,684 532,779,808 534,315,422 $ 35,494,486 569,809,908 (37,030,100) 63,118,551 - 63,118,551 26,088,451 $ 171 ---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/. 172