Annual Report for City of Martin As of and For the Year ended December 31, 2017

ANNUAL REPORT FOR CITY OF MARTIN

AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2017

Governmental Funds- Modified Cash Basis

Hodson Park Markota BBB Tax Total

General Fund Fund Fund Fund Governmental Funds

Beginning Fund Balance 647,172.40 24,031.06 -14,845.93 35,583.82 691,941.35

Revenues and Other Sources:

Property Taxes 155,915.89 155,915.89

General Sales and Use Taxes 462,699.86 53,478.91 516,178.77

Amusement Taxes 324.00 324.00

Licenses and Permits 17,960.00 17,960.00

Federal / State Grants 74,216.63 74,216.63

State Shared Revenue 15,209.76 15,209.76

County Shared Revenue 46,298.64 46,298.64

Charges for Goods and Services 25,903.29 7,575.00 33,478.29

Miscellaneous Revenues 21,099.64 24.04 2,321.72 63.72 23,509.12

Total Revenue and Other Sources 819,627.71 24.04 9,896.72 53,542.63 883,091.10

Expenditures and Other Uses:

Legislative 15,553.79 15,553.79

Financial Administration 83,220.61 83,220.61

Other General Government 33,854.75 33,854.75

Police 265,393.99 265,393.99

Fire 26,310.75 26,310.75

Protective Inspection 276.46 276.46

Highways and Streets 245,800.07 245,800.07

Electricity- Street Lights 41,428.98 41,428.98

Airport 110,664.10 110,664.10

Culture and Recreation 63,257.34 64,953.79 128,211.13

Economic Development 14,875.00 14,875.00

Total Expenditures and Other Uses 885,760.84 0.00 64,953.79 14,875.00 965,589.63

Transfers In (Out) 37,989.26 60,382.20 -38,371.46 60,000.00

Increase/Decrease in Fund Balance -28,143.87 24.04 5,325.13 296.17 -22,498.53

Ending Fund Balance:

Restricted 158,667.88 24,055.10 182,722.98

Assigned 389,606.97 2,296.48 35,879.99 427,783.44

Unassigned 70,753.68 -11,817.28 58,936.40

Total Ending Fund Balance 619,028.53 24,055.10 -9,520.80 35,879.99 669,442.82

Long-term Debt 104,421.67 0.00 0.00 0.00 104,421.67

Proprietary Funds - Modified Cash Basis

Water Fund Sewer Fund Liquor Fund Sanitation Fund Totals

Beginning Net Assets 532,383.30 376,740.28 294,200.51 -5,609.36 1,197,714.73

Revenues 332,795.85 142,076.52 146,298.84 112,141.91 733,313.12

Expenses 211,489.67 120,517.59 5,908.87 163,589.51 501,505.64

Transfers In (Out) -37,000.00 -92,000.00 69,000.00 -60,000.00

Ending Net Assets:

Restricted 34,582.22 29,962.91 1,000.00 17,914.14 83,459.27

Unrestricted 582,107.26 368,336.30 341,590.48 -5,971.10 1,286,062.94

Total Ending Net Assets 616,689.48 398,299.21 342,590.48 11,943.04 1,369,522.21

Long-term Debt 628,456.40 288,788.73 0.00 0.00 917,245.13

The preceding financial data does not include fiduciary funds or component units.  Information pertaining to those activities may be obtained by contacting the municipal finance officer at 605-685-6525

Municipal funds are deposited as follows:

Depository: Security First Bank

Amount: 2,038,965.03

Published once at the total approximate cost of $143.00

Published: March 28, 2018

502 Second Avenue, Martin, SD 57551 • 605-685-6866 • booster@gwtc.net