Annual Report For City Of Martin As Of And For The Year Ended December 31, 2019

Annual Report For City Of Martin

As Of And For The Year Ended December 31, 2019

Governmental Funds- Modified Cash Basis

Hodson Park Markota BBB Tax Total

General Fund Fund Fund Fund Governmental Funds

Beginning Fund Balance 619,028.53 24,055.10 -9,515.35 35,879.99 669,448.27

Revenues and Other Sources:

Property Taxes 152,002.43 152,002.43

General Sales and Use Taxes 433,436.95 44,630.53 478,067.48

Amusement Taxes 300.00 300.00

Licenses and Permits 26,305.00 26,305.00

Federal / State Grants 322,775.97 322,775.97

State Shared Revenue 9,363.54 9,363.54

County Shared Revenue 50,425.46 50,425.46

Charges for Goods and Services 27,071.28 6,115.25 33,186.53

Miscellaneous Revenues 27,343.36 24.05 4,302.93 67.29 31,737.63

Total Revenue and Other Sources 1,049,023.99 24.05 10,418.18 44,697.82 1,104,164.04

Expenditures and Other Uses:

Legislative 14,974.11 14,974.11

Financial Administration 84,460.15 84,460.15

Other General Government 40,449.71 40,449.71

Police 263,483.93 263,483.93

Fire 25,292.74 25,292.74

Protective Inspection 11,524.20 11,524.20

Highways and Streets 228,496.99 228,496.99

Electricity- Street Lights 43,397.90 43,397.90

Airport 350,713.62 350,713.62

Culture and Recreation 61,803.44 57,292.97 119,096.41

Economic Development 17,980.55 17,980.55

Total Expenditures and Other Uses 1,124,596.79 0.00 57,292.97 17,980.55 1,199,870.31

Transfers In (Out) 83,600.00 49,600.00 -26,200.00 107,000.00

Increase/Decrease in Fund Balance 8,027.20 24.05 2,725.21 517.27 11,293.73

Ending Fund Balance:

Restricted 144,331.20 24,079.15 168,410.73

Assigned 437,756.05 2,301.93 36,397.26 476,455.24

Unassigned 44,968.48 -9,092.07 35,876.41

Total Ending Fund Balance 627,055.73 24,079.15 -6,790.14 36,397.26 680,742.00

Long-term Debt 84,669.55 0.00 0.00 0.00 84,669.55

Proprietary Funds - Modified Cash Basis

Water Fund Sewer Fund Liquor Fund Sanitation Fund Totals

Beginning Net Assets 616,689.48 398,299.21 342,590.48 12,077.73 1,369,656.90

Revenues 334,682.04 134,645.27 167,213.41 105,269.75 741,810.47

Expenses 265,019.60 106,428.98 4,115.07 109,107.93 484,671.58

Transfers In (Out) -18,000.00 -104,000.00 15,000.00 -107,000.00

Ending Net Assets:

Restricted 35,972.30 33,251.79 1,000.00 18,184.30 88,408.39

Unrestricted 632,379.62 393,263.71 400,688.82 5,055.25 1,431,387.40

Total Ending Net Assets 668,351.92 426,515.50 401,688.82 23,239.55 1,519,795.79

Long-term Debt 600,442.19 267,784.56 0.00 0.00 868,226.75

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: 2,200,537.79

Published once at the total approximate cost of $143.00

Published: May 29, 2019

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