HomeMy WebLinkAboutCity of Ashland - Public Financial Report J
_OP Dept.of Finance
PO Box 1839
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t _ / / tu(�%� Ashland,KY 41105
I • Tel:(606)385-3345
.- - KENTUCKY V Fax:(606)385-3347
www.ashlandky.gov
Popular./ nnual Financial Report
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Central Park fountain
For the Fiscal(Year Fndling June 30 2021
Mayor City Manager Corporation Counsel CED Director Chief of Police
Matt Perkins Michael Graese Jim Moore Chris Pullem Todd Kelley
Commissioners: Finance Director City Clerk Public Service Director Fire Chief
Josh Blanton Tony Grubb Susan Maddix Jack Hunter Greg Ray
Amanda Clark
Marty Gute Asst.Finance Director HR/Parks Director Utility Director City Engineer
Cheryl Spriggs Michelle Veach Sean Murray Mark Hall Steve Cole
Message from the Director of Finance Table of Contents
Dear City Residents, Message from the Finance Director 2
Governmental Funds/General Fund 3
We are pleased to present the City of Ashland's eighth Popular Annual Enterprise Funds/Utility Fund 4
Financial Report (PAFR)for the 2021 fiscal year. Finance/Community and Economic Developme 5
Public Services, Utilities, Police, Fire,and Parks 6
This report is intended to present a condensed overview of the city's
What is the Popular Annual Financial Report?
financial position, financial practices, and the details outlining how
revenues were generated and spent. Financial information in this The PAFR is specifically designed to be readily
report is derived from the independently audited financial statements accessible and easily understandable to the
that are part of the City of Ashland's Comprehensive Annual Financial general public and other interested parties
Report (CAFR). We are proud to report that the city has, once again, without a background in public finance. Its goal is
been awarded a Certificate of Achievement for Excellence in Financial to supplement—not replace—the 2021 CAFR.
Reporting by the Government Finance Officers Association (GFOA).
Similarly to the 2021 CAFR, information in the
The Department of Finance has created this report to increase our PAFR conforms to Generally Accepted Accounting
government's transparency to our citizens. As you review this Popular Principles (GAAP). However, this report only
Annual Financial Report, please feel free to share any questions, presents information for governmental funds and
concerns,or recommendations you may have with us.
enterprise funds. Internal service funds and
fiduciary funds are not included. For more
Respectfully, ‘4,4 detailed information and copies of the PAFR and
�_
Q �,,.is AlW CAFR, visit the city's website at
Tony D. Grubb,CGFM www.ashlandky.gov, or contact the Finance
ASHLAND,KENTUCKY Department at(606) 385-3345.
Director of Finance
About the City of Ashland, Kentucky includes Ironton, Ohio and Huntington, West
Virginia. The city currently encompasses 17.02
square miles with a population of approximately
20,382 citizens. Ashland is eastern Kentucky's
k 70 largest urban area as well as a center for health
•
care, commerce, banking, and recreational
activities. We continue to expand in the areas of
art, entertainment, and cultural events while
-- maintaining an aggressive nature for progression
and growth.
,v.Eilior. .
,t The city operates under the city manager form of
government, who is appointed by the Board of
w
ot
• Commissioners. The Board is voted into office by
` non-partisan elections and consists of a mayor,
who is elected for a term of four years, and four
•
commissioners, who serve two years each. It is
responsible for passing ordinances, adopting the
^r s budget, appointing committees, and employee
Art Alley appointment and termination.
Department Organization Chart
Finance/Bus System Human Resources/ Public Services Police
Risk Mgr./Parks
Citizens of Ashland Mayor and
Commissioners City Manager I I I l
Community Engineering
Legal/City Clerk and Economic and Utilities Fire
Development
Page 2
Governmental Funds / General Fund
The city's governmental funds include a general fund, five special Governmental Funds
revenue funds, and a capital projects fund. The General Fund is ,,, $45 ' 1,
0
the primary governmental fund and is used to account for all o
financial resources that are not required to be accounted for in 2 $40
another fund. Special revenue funds, which include the Tax $35
Increment Finance Fund, the Municipal Aid Road Fund, the
Community Development Fund, the ARPA Fund, the Housing $30
Assistance Fund, and the Floodwall Operating Fund, are used to * Inrlur{PclntarfiinriTrancfarc
account for the proceeds of specific revenue sources,such as taxes $25 '
or grants, and are legally restricted to expenditures for specified $20 •Revenues
purposes. A capital projects fund is used to account for the
•Expenditures
acquisition, construction, and maintenance of capital facilities and $15
assets.
$10
Governmental revenues totaled $46.7 million, while expenditures boo
totaled $29.4 million (including other financing sources and uses). $5 o'n, o°o°` ° ° ti)romootiti°�
Of these totals, the General Fund accounts for 86.0% of revenuesIMP
$0 1 sl I -I _I 1 "'�'
at$40.2 million and 79.1%of expenditures at$23.2 million.
C�e�t. �\�oa6. �Q cc. �f°.`. \ aka\G e�a\
As of June 30, 2021, the General Fund's balance was $20,462,394, P°� <\° a
which is an increase of $16,952,313, or 82.8%, over the previous �'
year. Fund balance is comprised of the following four categories:
Nonspendable—funds that cannot be spent due to their form (e.g. inventories) =$817,551;
Restricted—funds that are mandated for a specific purpose by external parties=$1,882,118;
Committed—funds that are mandated for a specific purpose by the government itself=$9,034,671;
Unassigned—excess funds that are not classified in other categories;spendable resources=$9,304,253.
GeneraTFund Revenues
Grants/ Other Taxes Licenses and Permits
Chgsntitle 0.49%
5.36.36% Property Tax 5,760,727 Occupational License Fee 11,096,214
Taxes Insurance Premium Tax 4,257,533 Business License/Net Prof 2,027,749
4111
23.33% Bank Franchise Tax 194,623 Other Licenses and Permits 791,962
Total Taxes $10,212,883 Total Licenses and Permits $13,915,925
Fees L&P
34.13% 31.79%
NI%
Fees/Fines/Reimbursements Charges for Services
Franchise Fees 1,576,762 Garbage Collection 2,288,752
Other Fees/Fines/Reimb5 13,363,578 Other Services 58,899
Total Fees/Fines/Reimbs $14,940,340 Total Charges for Services $2,347,651
General Fund Expenditures
Other General Government Public Safety
Salaries and Benefits 1,308,183 Salaries and Benefits 10,625,354
ublic Services and Supplies 577,087 Services and Supplies 782,350
ervices Gen
36.23% Debt Service Payments 4,354,082 Total Public Safety $11,407,704
Prop/Equip/Gen Liab Ins 240,638
1 Safety
Safety Grants and Projects Public Services
43.68% Contributions and Dues 156,390 Salaries and Benefits 2,536,320
Transfers to Other Funds 2,824,426 Services and Supplies 1,542,574
Total General Government $9,460,806 Total Public Services $4,078,894
Page 3
Enterprise Funds / Utility Fund
An enterprise fund is used to account for business-like activities in Enterprise Funds
which fees are charged to cover the costs of providing service.The N $20 �?�
city's enterprise funds include the Utility Fund, the Bus System o 'y1
Fund,the Recreation Operating Fund, and the Cemetery Fund. The = $18
Utility Fund is the largest enterprise fund and accounts for water 2
and wastewater services provided to the city and its surrounding $16
communities. $14 fII
Enterprise fund revenues totaled $20.8 million, while expenses $12 f
totaled $20.9 million (including other financing sources and uses). $10 f I ii- - U i
Of these totals, the Utility Fund accounts for 85.5% of total
revenues at$17.8 million and 87.0%of expenses at$18.2 million. $8 f Revenues
$6 f ■Expenses
As of June 30, 2021, the Utility Fund's net position was
$35,820,004, which is a decrease of $119,093, or 0.03%, over the $4 f
previous year. Net position is comprised of the following four (. '
categories: $2 . . Ili
Off'O•1,
Net investment in capital assets= $46,040,038; $0 4V. I i `�
Restricted for debt service= $1,848,225; • A ��� `off �e6
Restricted for sewer improvements= $7,603,295; J cJ4 tea �.e
Unrestricted =($19,790,647). <e5 wee Cie'
Fund Revenue'
Other Residential and Commercial Meter Sales Industrial Meter Sales
2.46% City 2,336,065 City 1,482,360
R&C Noncity 2,323,741 Noncity 2,188,648
iiii) Sales
Sewer 26.03% Total Meter Sales $4,659,806 Total Meter Sales $3,671,008
Service
44.01%
Ind Sales
•CSale 20.50% Sales to Other Cities Sewer Service
7.00% Russell and Big Sandy 42,721 City 2,943,973
Cannonsburg 1,024,976 Noncity 2,997,721
Flatwoods 186,048 CSO Surcharge 1,936,773
Total Sales to Other Cities $1,253,745 Total Sewer Service $7,878,467
Utility Fund Expenses
Water
Administration Salaries and Benefits 3,338,259
Sewer Salaries and Benefits 3,485,399 Services and Supplies 3,467,799
Alirs 18.70% Admin
Adman Services and Supplies 1,143,485 Total Water $6,806,058
Water Debt Service Payments 539,917
37.15% Prop/Equip/Gen Liab Ins 163,712 Sewer
Depreciation/Amortizatioi 2,754,701 Salaries and Benefits 1,898,090
Total Administration $8,087,214 Services and Supplies 1,527,385
Total Sewer $3,425,475
Page 4
(;he Bus System (operated by the
Finance Dept.) is partially funded by COMMUNITY AND ECONOMIC DEVELOPMENT
passenger fares,the Federal Transit Economic Development oversees the business develop- address a wide range of needs,such as providing decent
Authority,and the Kentucky Depart- ment review process and guides companies through housing, suitable living environments, and economic
ment of Transportation. It offers zoning laws, building code regulations, and licensing opportunities for low/moderate-income families.
both a fixed-route service and a requirements.
Assisted Housing,which is also funded by HUD,assists low
paratransit service, which allows Planning is responsible for the use of land and reviews -income families in the private rental market throughout
passengers the convenience to subdivision plats,site plans, zoning changes, street clos- Boyd County.
schedule rides in advance and to be ings,conditional use permits,etc.
•Housing Units Paid:6,037 2020 Population:20,382
picked up and/or dropped off at Code Enforcement issues building, sign, and electrical City Employees:304 FT
•Housing Units Inspected:
their homes. permits and inspects construction projects and personal —
1,056
properties to ensure compliance with city codes and
• Bus Passengers:46,974 zoning requirements. •New Voucher Admissions:138
• Paratransit Calls:7,066 The Community Development Block Grant,which is spon- •Building/Zoning Permits:359
sored by the US Department of Housing and Urban Devel-
opment(HUD),provides communities with resources to •Code Fines Issued:39,983
•
Our actions are guided by these values as we endeavor to fulfill our mission:
•We strive to do the right thing and to do our best on behalf of our citizens through teamwork.
•We believe in providing consistent quality customer service in a timely and efficient manner. �� ll
v.__
•We believe in respect for one another and all our citizens,our resources,and our community. '= _
•We seek to be open and transparent in all actions to uphold the mission of Ashland.
•We strive to provide customer service to all of our citizens in a caring and compassionate manner. -- !I
• We are committed to high standards of leadership and service built upon honesty,integrity, equality, and -
fairness to all citizens.
•We believe in the responsible stewardship of tax dollars by allocating our resources efficiently and effectively 2236 Green up Ave
for the best quality of life possible for the citizens of Ashland. ai
Property Tax Rates °kr "t^"+s
o
o — I2
o.6%6vc If
OF FINANCE 0.5%
a% u. s as u.3• �'. n.2x21% o.x•savc u.i a`vcn.27avfi ozs7ivs
0.3%— ;?y=This department's responsibilities 0.2%- .iun
043848 include maintaining the accounting 0.1%- • •'•"" 8145329 n.• n. `�
system in accordance with GAAP; o.ar ' ' ' •
' ' a n4s� ons2s� ons2s� n os2s% onszs •
' � \`�,tWE
2012 2013 2014 2016 2016 2017 2018 2019 2020 2021
processing bi-weekly payroll and semi- -..-c;Ly sdlooi FwndN,au Fx
monthly accounts payable checks;debt
management; pension fund admin- Top 5 Property Taxpayers Assessment Paid
istration; coordination of the annual ATCGIimcher,LLC 29,025 77.5 TheCoioroee,ty Roorl,booted ot the to,Depot
financial statement audit; compilation .
Melody Mountain Associates,LTD 14,525 38.7
of the budget; and preparation of *4.1s :�•`
Fred Burns 13,518 35.9 - Y�--various financial reports for city man-
a ement. BDB Midtown,LLC 11,158 30.1 _ r
g 4' *�
GCG Ashland 10,788 29.8 Oils nr
The Cashier Division focuses on billing (iii !r� I
Total(Rounded to Thousands) $79,014 $212.0 r ,. w.
and collection of all revenues,such as ill a.,
property taxes and charges for provid- Top 5 water Customers Avg.Mo.Gallons Avg.Mo.Bill r �F
i 1 , "
ing water,sewer,and garbage services. Cannonsburg Water 29,732 87.4
The Occupational License Fee Division City of Ashland 10,377 50.7k .,
registers all businesses within city Ashland Oil Refinery 9,109 52.6 - Frilt
limits, then collects/audits their net King's Daughters Medical Center 6,154 57.8
profit returns and local income tax Federal Correctional Institution 5,440 30.1
withholdings. Total(Rounded to Thousands) 60,812 $278.6 - -WI"
Top 5 Local Income Taxpayers Taxable Wages Taxes Paid I
•Vendors Paid:767 King's Daughters Medical Center 151,383 3,028 AC. L_ i® `:
King's Daughters Medical Specialties 57,656 1,153 -- -- �i ��J
•Vendor Checks:3,129/$25,892,330 --_ —
Ashland Board of Education 21,096 422 — _ r„. 1 e'w
•Tax Bills Mailed:20,060
City of Ashland 15,307 306 - ,T.V.,_
�'
•Utility Bills Processed:161,476 Walmart 10,786 216 .. 1- -'.--___,........„_.:
Total(Rounded to Thousands) $256,228 $5,125
Page 5
PUBLIC SERVICES AND UTILITY OPERATIONS / 1p,g2g tons of asphalt for paving
Street Maintenance manages construction,repairs,improvements,sweeping,painting,snow/ice
removal,and traffic control for all streets and sidewalks within city limits. 10,302 tons of debris hauled to landfill
Solid Waste is responsible for garbage collection and transportation. 305 tons of waste recycled
Central Garage provides maintenance for all vehicles of the City's fleet. 3.7 billion gallons of water produced
Animal Control enforces ordinances related to control,impoundment,and disposition of animals. 2.1 billion gallons of wastewater treated
Floodwall maintenance maintains the city's floodwall,which stretches about 2 miles along the I
Ohio River from 7th to 35th Street. _ c- -,—
Water Production and Distribution provides water for the city and its neighboring communities.
The plant averages about 10 million gallons per day with a capacity for 24 million gallons. r 600 7 j •\�
Wastewater Treatment and Collection processes all wastewater according to state and federal , `` . iiii
_ -_
standards before releasing it into the Ohio River. _ ,k,
Our Vision: Ashland is high standards, pride, integrity,
and opportunity—the place you want to be! � ___
PUBLIC SAFETY ( �`..1
The Police Department's primary goals in- / Police Service Calls: 27,131 IF
clude law enforcement, criminal investiga- NINO
,
lion, crime prevention, crowd control, traffic Citations Issued:4,715
regulation, and maintaining general order Crimes Reported: 1,464
throughout the City. Technical Servicespro-
vides p a1ii12:"°"`
g �o� �\
administrative support for Field Opera- Cases Closed:860
lions,which patrols the streets and responds /
to calls. Fire Service Calls: 2,035
The Fire Department's main focuses are fire Fires Extinguished:82
suppression and prevention. These functions ra '.`j� �______ tea+' '..,
include emergency rescue services,fire inves- Fire Alarms Investigated:585 r=��o�
tigations, hazardous materials response, and Smoke Detectors Installed:64 l I�f
conducting annual life safety inspections of all \
multi-family and commercial occupancies. / `
Our Mission is to provide citizens a safe, progressive environment and
to deliver efficient, effective, and responsive services while creating the
opportunity for all to achieve an enhanced quality of life.
This department operates and maintains the city's various parks and the cemetery,which has a Revo-
PARKS AND RECREATION lutionary War memorial for two of Ashland's founding fathers: General John Poage and Colonel
George Poage. Central Park is the primary location for many events throughout the year, such as
Summer Motion and the Winter Wonderland of Lights! The Round House, the Log Cabin, and the
Commission-Approved Events: 17
swimming pool are also available to rent for personal events,such as meetings,weddings,receptions,
Weddings at Central Park:30 birthdays,and reunions.
en ra •ar •o
Ballgames/Practices:2,650 ..*, °�
Dawson Pool Visitors:7,207 ._ "' ^
Cemetery Burials:95 •'' 114,
z
Graves/Crypts/Niches Sold: 26 v
`grtr. •• . 1'
Page 6