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Public Notices

Human Services Financial Statement

March 1, 2010
Faribault County Register
HUMAN SERVICES OF

FARIBAULT & MARTIN COUNTIES  

FAIRMONT, MINNESOTA



STATEMENT OF NET ASSETS

DECEMBER 31, 2008

Governmental

$ Activities

Assets

Petty Cash and Change Funds $ 39

Accounts Receivable - Net 434,007

Due from Other Governments 889,109

Prepaid Items 24,304

Capital Assets - Net of Depreciable Equipment $ 95,196

Total Assets $ 1,442,655



Liabilities

Checks Written in Excess of Cash in Bank $ 47,752

Accounts Payable 423,028

Salaries Payable 206,206

Accrued Liabilities 34,640

Due to Other Governments 34,097

Deferred Revenue - Unearned 287,737

Compensated Absences Payable - Due Within One Year 394,672

Capital Leases Payable - Due Within One Year 21,247

Compensated Absences Payable - Due in More Than One Year 204,875

Capital Leases Payable - Due in More Than One Year $ 44,984

Total Liabilities 1,699,238



Net Assets

Invested in Capital Assets - Net of Related Debt 28,965

Unrestricted $ (285,548)

Total Net Assets $ (256,583)





BALANCE SHEET - GOVERNMENTAL FUND

DECEMBER 31, 2008

$ General

Assets

Petty Cash and Change Funds $ 39

Accounts Receivable 434,007

Due from Other Governments 889,109

Prepaid Items $ 24,304

Total Assets $ 1,347,459



Liabilities and Fund Balances

Check Written in Excess of Cash in Bank $ 47,752

Accounts Payable 423,028

Salaries Payable 206,206

Accrued Payroll Taxes 34,640

Due to Other Governments 34,097

Deferred Revenue - Unavailable 375,231

Deferred Revenue - Unearned $ 287,737

Total Liabilities 1,408,691



Fund Balances (Deficit)

Unreserved, Undesignated $ (61,232)

Total Liabilities and Fund Balances $ 1,347,459





STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - GOVERNMENTAL FUND

YEAR END DECEMBER 31, 2008

General

Revenues

Licenses and Permits $ 30,827

Intergovernmental 10,625,109

Charges for Services 668,076

Investment on Investments 19,553

Miscellaneous $ 431,205

Total Revenues $ 11,774,770



Expenditures

Current

Human Services $ 7,707,887

Health 4,085,602

CAPITAL OUTLAY

Human Services 70,464

Health 23,279

Debt service

Principal 27,151

Interest $ 2,317

Total Expenditures $ 11,916,700



excess of revenues over expenditures (141,930)

other financing sources

Proceeds from Capital Lease $ 43,500

Net Change in Fund Balance (98,430)

Fund Balance - Beginning of Year 37,198

Fund Balance (deficit) - End of Year $ (61,232)





STATEMENT OF ACTIVITIES

YEAR ENDED DECEMBER 31, 2008

Program Revenues

Net (Expense)

Operating Revenues and

Fees, Charges, Grants and Changes in

Expenses Fines & Other Contributions Net Assets

Functions/Programs

Primary Government

Governmental Activities

Human Services $ 7,795,727 $ 234,918 $ 5,009,186 $ (2,551,623)

Health 4,113,958 723,035 1,880,921 (1,510,002)

Interest $ 2,317 $ - $ - $ (2,317)

Total Governmental $ 11,912,002 $ 957,953 $ 6,890,107 (4,063,942)

General Revenues

Grants and Contributions not Restricted to Specific Programs 3,676,901

Unrestricted Investment Earnings 19,553

Miscellaneous $ 202,648

Total General Revenues $ 3,899,102

Change in net assets (164,840)

Net Assets - Beginning of Year $ (91,743)

Net Assets - END OF YEAR $ (256,583)
 
 

 

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