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CITY OF BRANDONFINANCIAL STATEMENTSANDINDEPENDENT AUDITOR'S REPORTDECEMBER 31, 2015
CITY OF BRANDONMUNICIPAL OFFICIALSDECEMBER 31, 2015MayorLarry BeesleyGoverning BoardMindy HansenRoger BrooksBlaine JonesBarb FishJo HausmanJon McinerneyFinance Officer & Assistant City AdministratorDennis OlsonCity AdministratorBryan ReadMarso
CITY OF BRANDONTABLE OF CONTENTSIndependent Auditor's ReportManagement's Discussion and Analysis3BASIC FINANCIAL STATEMENTS:Government-Wide Financial Statements:Statement of Net Position14Statement of Activities15Fund Financial Statements:Balance Sheets - Governmental Funds16Reconciliation of the Governmental Funds Balance Sheet to the Statement of NetPosWon18Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds49Reconciliation of the Statement of Revenues, Expenditures and Changes in FundBalances to the Government-Wide Statement of Activities23Statement of Net Position - Proprietary Funds24Statement of Revenues, Expenses and Changes in Fund Net Position- ProprietaryFundsStatement of Cash FlowsProprietary FundsNotes to the Financial Statements2628
Schedule of the City's Proportionate Share of the Net Pension Liability (Asset)53Schedule of the City's Contributions54Supplementary InformationCombining Balance Sheet-Nonmajor Governmental Funds55Combining Statement of Revenues, Expenditures and Changes in Fund Balances ofNonmajor Governmental Funds56Combining Balance Sheet-Special Revenue Nonmajor Governmental FundsCombining Statement of Revenues, Expenditures and Changes in Fund Balances ofSpecial Revenue Nonmajor Governmental Funds58Combining Balance Sheet-Debt Service Nonmajor Governmental Funds59Combining Statement of Revenues, Expenditures and Changes in Fund Balances ofDebt Service Nonmajor Governmental Funds60Combining Statement of Revenues, Expenditures and Changes in Fund Balances ofCapital Projects Nonmajor Governmental Funds61Independent Auditor's Report on Internal Control Over Financial Reporting and onCompliance and Other Matters Based on an Audit of Financial Statements Performed inAccordance With Government Auditing Standards62Schedule of Prior and Current Audit Findings64Corrective Action Plan65
QUAM, BERGLIN & POST, P.C.CERTIFIED PUBLIC ACCOUNTANTS110 WEST MAIN PO BOX 426ELK POINT, SOUTH DAKOTA356-3374INDEPENDENT AUDITOR'S REPORTCity CouncilCity of BrandonMinnehaha County, South DakotaReport on the Financial StatementsWe have audited the accompanying financial statements of the governmental activities, the business typeactivities, each major fund and the aggregate remaining fund information of the City of Brandon, SouthDakota, as of December 31, 2015 and for the year then ended, and the related notes to the financialstatements, which collectively comprise the City's basic financial statements as listed in the Table ofContents.Management's Responsibility for the Financial StatementsThe City's management is responsible for the preparation and fair presentation of these financial statementsin accordance with accounting principles generally accepted in the United States of America; this includesthe design, implementation, and maintenance of internal control relevant to the preparation and fairpresentation of financial statements that are free from material misstatement, whether due to fraud or error.Auditor's ResponsibilityOur responsibility is to express an opinion on these financial statements based on our audit. We conductedour audit in accordance with auditing standards generally accepted in the United States of America and thestandards applicable to financial audits contained in Government Auditing Standards issued by theComptroller General of the United States. Those standards require that we plan and perform the audit toobtain reasonable assurance about whether the financial statements are free of material misstatementAn audit involves performing procedures to obtain audit evidence about the amounts and disclosures in thefinancial statements. The procedures selected depend on the auditor's judgment, including the assessmentof the risks of material misstatement of the financial statements, whether due to fraud or error. In makingthose risk assessments, the auditor considers internal control relevant to the entity's preparation and fairof the financial statements in order to design audit procedures that are appropriate in thenottheofOpinions
Emphasis of MatterAdoption of New Accounting StandardAs described in the Notes to the Financial Statements, the City adopted the provisions of GovernmentalAccounting Standards Board Statement No. 68, Accounting and Financial Reporting for Pensions andStatement No. 71 Pension Transition for Contributions Made Subsequent to the Measurement Date. Asdiscussed in the Notes to the Financial Statements, the City has retroactively restated the previouslyreported Net Position in accordance with this statement. Our opinions are not modified with respect to thematter.Other MattersRequired Supplementary InformationAccounting principles generally accepted in the United States of America require that the Management'sDiscussion and Analysis, the Pension Schedules and the Budgetary Comparison Schedules listed in theTable of Contents be presented to supplement the basic financial statements. Such information, althoughnot a part of the basic financial statements, is required by the Governmental Accounting Standards Boardwho considers it to be an essential part of the financial reporting for placing the basic financial statements inan appropriate operational, economic, or historical context. We have applied certain limited procedures tothe required supplementary information in accordance with auditing standards generally accepted in theUnited States of America, which consisted of inquiries of management about the methods of preparing theinformation and comparing the information for consistency with management's responses to our inquiries,the basic financial statements, and other knowledge we obtained during our audit of the basic financialstatements. We do not express an opinion or provide any assurance on the information because the limitedprocedures do not provide us with sufficient evidence to express an opinion or provide any assurance.Supplementary InformationOur audit was conducted for the purpose of forming opinions on the financial statements that collectivelycomprise the City's basic financial statements. The Combining Nonmajor Fund Financial Statements listed inthe Table of Contents are presented for purposes of additional analysis and are not a required part of the basicfinancial statements. Such information is the responsibility of management and was derived from and relatesdirectly to the underlying accounting and other records used to prepare the financial statements. Theinformation has been subjected to the auditing procedures applied in the audit of the basic financial statementsand certain additional procedures, including comparing and reconciling such information directly to theunderlying accounting and other records used to prepare the financial statements or to the financial statementsand other additional procedures in accordance with auditing standardsaccepted inUnitedof America. In our opinion, the information is fairly stated in allin relation tothe basic financial statements as a whole.Other Reporting Required by Government Auditing Standards
City of Brandon305 Main AvenuePO Box 95Brandon, SD 57005(605)15MANAGEMENT'S DISCUSSION AND ANALYSISThis section of the City of Brandon's annual financial report presents our discussion and analysis the Cityof Brandon financial performance during the fiscal year ending December 3 J, 2015. Please read it inconjunction with the City of Brandon financial statements, which follow this section.FINANCIAL HIGHLIGHTSDuring the year, the City of Brandon revenues generated from charges for services, taxes and other revenuesof the governmental programs were 4,098,935 more than the 8,704,806 governmental and business-typeprogram expenditures.OVERVIEW OF THE FINANCIAL STATEMENTSThis annual report consists of three parts management's discussion and analysis (this section), the basicfinancial statements, including related notes, and required supplementary information. The basic financialstatements include two kinds of statements that present different views of the Municipality:1.The first two statements are government-wide financial statements that provide both long-term andshort-term information about the overall financial status of the City of Brandon.2.The remaining statements are fund financial statements that focus on individual parts of Municipalgovernment, reporting the Municipality's operations in more detail than the government-widestatements.A. The governmental fund statements tell how general government services like public safetywere financed in the sho11-term as well as what remains for future spending.B.fund SfatemenfSthat the Municipalitythe WaterSewerPrr,nr1P,,1n;has four proprietary fundsFund.
Figure A-2Features of theof Brandon's Government-wide and Fund Finaneial StatementsGovernment-wideStatementsRequired FinaneialStatementsFund Statements*Statement of Net Position*Statement of Activities*Balance Sheet*Statement of Revenues,Expenditures andFund BalancesinModified accrual accountingand current financial resourcesfocusAccounting Basis andMeasurement FocusAccrual accounting andeconomic resources focusofAsset/LiabilityInformationAll assets and liabilities,both financial and capital,and short-term andtermassets expected to be usedand liabilities that come dueduring the year or soonthereafter no capital assetsincludedAll revenues and expenses1c,;a1tJ1c;, ofRevenues for which cash isInformationGOVER. MENT-WIDE STATEMENTSi*Balance Sheet*Statement of Revenues,LAµvu0,,0 andin NetPosition*Statement of Cash FlowsAccrual accounting and economicresources focusAll revenues and expensesyear.of when cashreceived or paid
The government-wide financial statements of the City are reported in two categories:1.Governmental Activities This category includes the most of the City of Brandon's basic services,such as police, fire, public works, parks department and general administration. Property taxes, salestaxes, charges for services, state and federal grants and interest earnings finance most of theseactivities.2.Business-type Activities The City charges a fee to customers to help cover the costs of certainservices it provides. The City of Brandon's water, sewer, golf course and electrical accounts areincluded here.FUND FINANCIAL STATEMENTSThe fund financial statements provide more detailed information about the City of Brandon's mostsignificant funds - not the City as a whole. Funds are accounting devices that the City uses to keep track ofspecific sources of funding and spending for particular purposes.1.State Law requires some of the funds.2.The City Council establishes other funds to control and manage money for particular purposes or toshow that it is properly using certain taxes and grants.The City has two kinds of funds:I.Governmental Funds Most of the City of Brandon's basic services are included in the governmentalfunds, which focus on ( 1) how cash and other financial assets that can readily converted to cash flowin and out and (2) the balances left at the year-end that are available for spending. Consequently, thegovernmental funds statements provide a detailed short-term view that helps you determine whetherthere are more or fewer financial resources that can be spent in the near future to finance the City ofBrandon's programs. Because this information does not encompass the additional long-term focus ofthe government-wide statements, we provide additional information at the bottom of the governmentalfunds statements, or on the subsequent page, that explains the relationship (or differences) betweenthem.ServicesProprietaryfinancial . ,nr "'"'
FINANCIAL ANALYSIS OF THE CITY AS A WHOLECurrent and Other AssetsCapital AssetsTotal Assets 4,680.753 5,507,919 5,231,446 5,500,895 9,912.199 11,008,814Pension Kelatea uererreaOutflowsLong-Term Debt4,942,3234,434,789Pension Related Deferred Inflows - - - - -521,044OutstandingOther LiabilitiesTotal 836Net Positon:Net Investment in Capital 196,8513,750,3121,562,310Total Net Position 19,194,869 22,443,359Beginning Net Position 17,588,908 22,836,687 40,653,450 20,019,094 21,584,00641181111Increase (Decrease) inNet PositonPercentage of Increase(Decrease) in Net PositionThis sectionnetthe9.13%14.52%7.19%the current and prior5.80%8.10%and9.95%massetsaveragethan one year arethe amount due in more than
CHANGES IN NET POSITIONThe City of Brandon's total revenues (excluding special items) totaled 12,793,858 .34. (See Table A-2.)Most of the City of Brandon's revenue comes from charges for services and taxes; with 46.8 cents of everydollar raised coming from charges for services and 43.2 cents of every dollar raised comes from some type oftax. (See Figure A-3). Another 8.9 cents come from operating and capital grants and contributions and thebalance comes from unrestricted investment earnings, state shared revenue and miscellaneous.FIGURE A-3 SOURCE OF REVENUESMiscellaneous0.3%Charges for ServicesUnrestricted Investment46.8%Earnings0.1%Revenue State Sources0 .7%Grants8.9%Taxes43.2%The City of Brandon expenses cover a range of services with I 0.7% from water services and 19.4% fromsewer services, 12.8% from the golf course. The cost of Public Safety was 17.6% and Public Works was17.8%. Culture and Recreation costs were 8.1 %. General Government costs were 8.4% and debt servicewas 1.6%. Conservation and Development costs were 1.6% and the remaining balance of 2.0% was from theelectric services. (See Figure A-4)FIGURE A-4 SOURCE OF EXPENSESElectric, 2%Golf Course, 12.8%General Govt, 8.4%Sewer, 19.4%Public Works, 17.8%Debt Services, 1.6%Culture & Recreation , 8.1 %Development, 1.6%7
TABLE A-2CITY OF BRANDONCHANGES IN NET POSITIONCharges for ServicesOperating Grants and ContributionsCapital Grants and ContributionsGeneral Revenues:TaxesRevenue State SourcesUnrestricted lnvestrrentIVliscellaneousTOTAL REVENUES 31,8809,5315,523,84686,67511,212 4,847,658 ,120148,2291,80220,2411,635,909(1,776)Change in Net Postion1,605,961Beginning Net Position17,588,9085.656,484121,997 Excess (deficiency) BeforeSpecial Items and Transfers(Loss) Gain on Disposition of AssetsSpecial Item - Insurance ProceedsTransfers 5,435,18372,71011,4206,511,740EXPENSES:General GovernrrentPublic SafetyPublic WorksHealth & WelfareCulture and RecreationConservation & DeveloprrentDebt ServicesWater ServicesSew er ServicesGolf Course ServicesBectricTOTAL EXPENSESNET POSITON-ENDING 2,954,1837,9032,846,254 FINANCIAL ANALYSIS OF THE CITY OF BRANDON 41,432928,6701,689,1941,109,90718,704,80611 40.653,45041 8111
GENERAL FUND BUDGETARY HIGHLIGHTSOver the course of the year, the City Council revised the City budget. This amendment was for contingencytransfers approved for unanticipated, yet necessary, expenses to provide for items necessary for health andwelfare of its citizens.CAPITAL ASSET ADMINISTRATIONBy the end of 2015, the City had 40,057,069 in a broad range of capitalincluding, land, buildings,and various machinery and equipment. (See Table A-3.) This amount represents a net increase (includingadditions and deductions) oflat a 7% increase over theyear.Table A-3Capital Assets(Net of depreciation)Tota I DollarGovernmental Activities2014landBuildingslmprovOtherThan BuildingMachinery & Equipment 1,609,7972015 1,609,797ActivitiesBusi2014 1,719,941Cha2014-20152015 1,719,941Total%2014-20150.00% n in ProgressTotal Capital Assets (net)Below are some projects and purchases that were made in 2015:New equipment was purchased which included: 2014 Jeep Patriot, 2015 Kubota RTV, two 2015 ChevroletSilverado, 2015 Police Ford Explorer, 2012 Ford F350, 2015 Case Backhoe, 2016 Freightliner and a newFerris 5100 Mower.Parks received some new equipment and buildings. Pioneer Park finished up the installation newplayground equipmenta total ofand VanBuskirk Park started constructing a newbathroom building.Streets wereand
LONG-TERM DEBTAt the end of the year the City has 5,507,201 in Sales Tax Revenue Bonds, Water Revenue Bonds andfrom the previousSewer revenue Bonds and other long term obligations. This is a decrease of over 1year as shown on Table A-4 below.Table A-4Outstanding Debt and Obligations(Net of depreciation)Total DollarGovernmental Activitiesr,mnPn,s,iti r1Absences Special Assessment Bonds89,645 e Revolving FundsBonds166.9802015557J81Sales Tax Revenue bondsTax IncrementActivities20152014Total%1,486.036Water Revenue bonds( 1211,364,802319,434213,010-8%-33%Golf Course Revenue Certificates-12%Total Outstanding Debt & Obligations-12%The City of Brandon had a significant decrease in long-term debt, which was due to retiring over 738,860dollars in debt and making no new additional debt in 2015.CERTIFICATES OF PARTICIPATION 1,900,000- 2001 Golf Course Certificates of Participation issued to re-fund the addition of nine holes atthe Brandon Municipal Golf Course and the construction of a clubhouse facility. Payment is over 20 yearswith principal payments starting at 58,071 in 2002 to 144,109 in 2021. The net interest cost isPayment will comerevenue from the Golf Course and are due June l and December ITrust Department.are-1REVENUE BONDS
2,500,000 2007 Sales Tax Revenue Bond to construct the Holly Blvd Project. Payment is due in annualinstallments of 188,332 through 2023 at a 1.19% interest rate. These bonds are being retired withcollections from proceeds of Sales Tax. Payments are due on March l and September I of each year. Fundsare taken automatically by the First National Bank Trust Department from the non-interestaccount.Principal balance, as of l 2-31-15 . Il 02 585,000 - 2008 Stone Ridge Booster Station to construct a booster station in the stone ridge development. n,,, , rn are due in annualof112 in 2009 andin 2010-2018 at a 6%rate.These bonds are being retired with Water funds revenue. Payments are due on March I and September l ofeach year. Funds are taken automatically by the First National Bank Trust Department from the non-interestsavings account.Principal balance, as of 12-3 l- I 5 . 2I3,010STATE REVOLVING LOAN 344,925 2010 Clean Water Revenue Borrower Bond (SRF) for Bethany Meadows Project toconstruct a drainage way are due in quarterly payments of 9,653.70 2011 through 2021 at a 2.25% interestrate. Payments will come from revenue from the Debt Retirement (Sales Tax) fund for drainageimprovements. Payments arc due on January 15, April 15, July 15, and October 15 of each year. Funds arctaken automatically by the First National Bank Trust Department from the non-interest checking account.Principal balance, as of 12-31 15 . 190,707SPECIAL ASSESSMENT BONDS 500,000 - 2006 Chestnut Boulevard Street Improvement Bonds due in annual installments of 6 L 750through 2016 at a 5.05% interest rate. These bonds are being retired with collections from property ownersthrough Debt Service Funds for curb, gutter and utility improvements to Chestnut Boulevard. Payments aredue on March 1 and September l of each year. The City obligation isto be paid over ten years.Funds arc taken automatically by the First National Bank Trust Department from the non-interestaccount2007 Chestnut Boulevard Street Improvement Bonds201 at a 5% interest rate.for
280,000 - 2009 Country Club Drainage Project due in semi-annual installments of 15,858 the first yearand 17,853 the following years through 2019 at a 3 .61 % interest rate. These bonds are being retired withcollections from property owners through special assessment collections. Payments are due March l andSeptember l of each year. The city obligation on this bond is 51,284 to be paid over 10 years. Funds aretaken automatically by First National Bank from the non-interest checking account.Principal balance, as of 12-31- l 5 . 1116TAX INCREMENT BONDS 1,377,900 2006 TIF #2 Note-due in semi-annual installments of 53,390.94 through 2025 at a 3.38%interest rate. These bonds are being retired with collections from a TIF #2 and a BID. This bond is for theconstruction of the Conference Center. Payments are due on March 1 and September I of each year.Principal balance, as of 12-31-15 . 861 750,000 - 2009 TIF #3 Tax Increment Revenue Bond due in annual installments of 67,996 thru 2024.Interest rate is at 4.10%. This bond was for construction of Hemlock Boulevard. Payments are due June 15of each year.Principal balance, as of 12-3 l-15 . 503,279
ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS AND RA TESThe City of Brandon continued to experience additional revenues in property taxes from new constructionwith percentage growth of 4.56% in 2015. Under the state mandated property taxproperty taxes areI .4% for 2015 which was based on the Consumer Price Index (CPI).One of the primary sources of revenue to the City is based on taxable retail sales in the community (salesthantax). The City has experienced a decrease in taxable sales of 1,201.42 less than the prior year,0.1%.The City of Brandon has adopted a General Fund budget for the 2016 fiscal year which will have an increaseof 1.44% into 201 for a total of. This is due tomutilities, wages, benefits and an increase in debt in 2016.CONTACTING THE CITY OF BRANDON FINANCIAL MANAGEMENTThis financial report is designed to provide our citizens, taxpayers, customers, and investors and creditorswith a general overview of the City of Brandon's finances and to demonstrate the City of Brandon'saccountability for the money it receives. If you have questions about this report or need additionalinformation, contact the City of Brandon's Finance Office, PO Box 95-304 S Main Ave, Brandon, SD 57005.
CITY OF BRANDONSTATEMENT OF NET POSITIONDECEMBER 31, 2015Primary itiesASSETS:Cash and Cash EquivalentsInvestmentsTaxes ReceivableSpecial Assessment ReceivableAccounts ReceivableUtilities Receivable, NetNotes ReceivableDue From GovernmentInternal BalancesInventoriesPrepaid ExpensesNet Pension AssetRestricted AssetsRestricted DepositsNoncurrent Assets:Special Assessment ReceivableNotes ReceivableCapital Assets:Land and Construction in ProgressOther Capital Assets, Net of DepreciationTOTAL ASSETS 3,857,902.57776,132.54 42,705.21398,554.9314,519.25189,098.58(282,136 72)30.655.57441.75353,125.92Pension Related Deferred InflowsDEFERRED INFLOWS OFNET POSITION:SDRS Pension, , ", ,605.00DEFERRED INFLOWS OF L DEFERRED OUTFLOWS OF RESOURCESTOTAL LIABILITIES282,136.7257,651.862,705.00110.11155 7,555,264.8435,276.56DEFERRED OUTFLOWS OF RESOURCES:Pension Related Deferred OutflowsLIABILITIES :Accounts PayableOther Current LiabilitiesUnearned RevenueNoncurrent Liabilities:Due Within One YearDue in More than One 36102,651.22184,572.02103.908.021
CITY OF BRANDONSTATEMENT OF ACTIVITIESDECEMBER 31, 2015Charges 1.81695,202.51140,574.81 Program RevenuesOperatingCapitalGrants andGrants 3,713.55191,749.1974,832.15Net (Expense) Revenue andChanges in Net PositionPrimary itiesTotal .94,689, 193.66109,906 9,992.29772,989.96329,992.2960,896.97.00General Revenues:Taxes:TaxesSales TaxesGrossBusiness TaxState Shared RevenuesUnrestricted InvestmentMiscellaneous Revenueof AssetsTransfers In (Out)General Revenues and Transfersstatement2,440, 20.163,025,617 3258, 09.0086,674.7612 , 94,868.524,098,934.7240,653,449.22
CITY OF BRANDONBALANCE SHEETGOVERNMENTAL FUNDSDECEMBER 31, ETS:Cash and Cash EquivalentsTaxes Receivable--De!inquentAccounts ReceivableSpecial Assessments Receivable--CurrentSpecial Assessments Receivable--DelinquentSpecial Assessments Receivable--DeferredNotes Receivable-CurrentNotes Receivable-NoncurrentRestricted DepositsDue from Sioux Blvd Capital Projects FundDue from Other GovernmentsInventoryInvestmentsPrepaid ExpensesTOTAL ASSETSLIABILITIES, DEFERRED INFLOWS OFRESOURCES AND FUND BALANCES:Liabilities:Accounts PayableWages PayableTaxes PayableDue to General FundAdvances From Water FundUnearned RevenueTotal LiabilitiesDeferred Inflows of her Deferred Inflows of ResourcesDeferred Inflows of Resources 1,502,807.07 1,049,014.51StreetMaintenanceFund 11,193 75 40,179.1614,732.072,145.0861.88 107.30 .94
CITY OF BRANDONBALANCE SHEETGOVERNMENTAL FUNDSDECEMBER 31, 2015Sioux BlvdCapitalProjectsFund ,493.96 7287,224.916,725.75171,427.59 2,475,806.34136.723,697,362.2740.179.1614,732.07
CITY OF BRANDONRECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEETTO THE STATEMENT OF NET POSITIONDECEMBER 31, 2015Total Fund Balances 4,561,498.14Governmental FundsAmounts reported for governmental activities in the statementof net position is different because:Capital assets used in governmental activities are notfinancial resources and therefore are not reported inthe funds.Cost of Capital AssetsAccumulated DepreciationLong-term liabilities are not due and payable in thecurrent period and therefore are not reported in thefunds.Assets such as taxes receivable (delinquent) andspecial assessments receivable are not available topay for current period expenditures and therefore arenot currently available in the funds. .83)601,115.85Accrued interest payable is not accounted for in themodified accrual basis of accounting, but isaccounted for in the statement of net position.118.51)Net Pension Asset reported in governmental activitiesis not an available financial resource and therefore isnot reported in the funds.1
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CITY OF BRANDONSTATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCEGOVERNMENTAL FUNDSDECEMBER 31, 2015GeneralFundRevenues:Taxes:General Property TaxesGeneral Sales and Use TaxGross Receipts Business TaxAmusement TaxesPenalties and Interest on Delinquent TaxesLicenses and PermitsIntergovernmental Revenue:Federal GrantsState GrantsState Shared Revenue:Bank Franchise TaxLiquor Tax ReversionMotor Vehicle Licenses (5%)Local Government Highway and Bridge FundOtherCounty Shared Revenue:County Wheel TaxCharges for Goods and ServicesGeneral GovernmentPublic SafetySanitationCulture and RecreationOtherFines and Forfeits:Court Fines and CostsMiscellaneous Revenue:Interest IncomeRentalsExecutive tProgramMaintenanceFundFund 101 02156.94
CITY OF BRANDONSTATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCEGOVERNMENTAL FUNDSDECEMBER 31, 2015Sioux BlvdCapitalProjects OtherGovernmentalTotalGovernmentalFundsFunds 110,292.30210,401.2158,109.00 434.85115165.075,156.651144.12.0195.00
CITY OF BRANDONSTATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCEGOVERNMENTAL FUNDSDECEMBER 31, undGeneralFundPublic Safety:PoliceFireProtective InspectionOther ProtectionTotal Public SafetyPublic Works:Highways and StreetsSanitationTransitTotal Public WorksHealth and Welfare:HealthTotal Health and WelfareCulture and Recreation:RecreationParksTotal Culture and RecreationConservation and Development:Economic Development and AssistanceTotal Conservation and Development1 1857,596.717,081.81142,545.84354,744.261Debt ServiceCapital Outlay5.99Total ExpendituresExcess of Revenue Over (Under)OtherTransfer InBalanceENDING214.2221
CITY OF BRANDONSTATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCEGOVERNMENTAL FUNDSDECEMBER 31, 2015Sioux
conjunction with the City of Brandon financial statements, which follow this section. FINANCIAL HIGHLIGHTS During the year, the City of Brandon revenues generated from charges for services, taxes and other revenues of the governmental programs were 4,098,935 more than the 8,704,806 governmental and business-type
