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ANNUAL REPORT FOR CITY OF MITCHELL AS OF

ANNUAL REPORT FOR CITY OF MITCHELL AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2021 GOVERNMENTAL FUNDS—MODIFIED ACCRUAL BASIS Other Governmental Total General Fund Park Fund Funds Governmental Funds Beginning Balance 15,978,280.16 290,366.06 3,208,164.20 19,476,810.42 Revenues and Other Sources: Taxes: Property Taxes 5,623,808.28 1,205,984.67 6,829,792.95 General Sales and Use Taxes 12,455,440.61 1,193,408.27 13,648,848.88 Gross Receipts Business Taxes 190,878.15 190,878.15 Penalties and Interest on Delinquent Taxes 7,347.97 7,347.97 Licenses and Permits 218,927.18 218,927.18 Intergovernmental Revenues: Federal Grants 3,151,012.12 53,000.00 1,053,847.31 4,257,859.43 State Grants 654,473.74 28,269.31 120,766.39 803,509.44 State Shared Revenue: Bank Franchise Tax 44,963.72 44,963.72 Prorate License Fees 16,184.60 16,184.60 Liquor Tax Reversion (25%) 141,197.64 141,197.64 Motor Vehicle Licenses 128,933.11 128,933.11 Fire Insurance Premiums Reversion 67,706.86 67,706.86 Local Government Highway and Bridge Fund 433,756.86 433,756.86 911 Remittances 239,989.36 239,989.36 County Shared Revenue: County Wheel Tax 1.00 1.00 Charges for Goods and Services: General Government 4,435.00 4,435.00 Public Safety 127,028.33 344,312.18 471,340.51 Highways and Streets 26,644.16 26,644.16 Health 332,877.72 332,877.72 Culture and Recreation 964,827.38 964,827.38 Cemetery 169,324.74 169,324.74 Court Fines and Costs 3,370.22 3,370.22 Animal Control Fines 5,971.31 5,971.31 Parking Meter Fines 24,510.75 24,510.75 Library 20,695.32 20,695.32 Miscellaneous Revenue and Other Sources: Investment Earnings 88,373.40 88,373.40 Rentals 825.00 825.00 Special Assessments 28,948.59 57,175.86 86,124.45 Contributions and Donations from Private Sources 75.00 110,635.00 264,196.94 374,906.94 Other 156,045.67 1,532.70 100,704.89 258,283.26 Sale of Municipal Property 10,266.00 5,575.00 15,841.00 Compensation for Loss or Damage to Capital Assets 26,769.38 7,152.96 1,898.76 35,821.10 Long Term Debt Issued 1,076,053.65 1,076,053.65 Total Revenue and Other Sources 24,883,273.04 1,165,417.35 4,941,432.67 30,990,123.06 Expenditures and Other Uses: Legislative 127,399.12 127,399.12 Executive 239,005.81 239,005.81 Elections 10,378.27 10,378.27 Financial Administration 1,203,368.38 1,203,368.38 Other General Government 535,227.57 535,227.57 Police 3,540,825.10 3,540,825.10 Fire 1,592,994.06 1,592,994.06 Other Protection 1,067,194.90 1,067,194.90 Highways and Streets 6,098,673.37 6,098,673.37 Cemeteries 287,631.00 287,631.00 Health 36,375.00 1,472,285.43 1,508,660.43 Animal Control 71,182.69 71,182.69 Recreation 110,150.00 2,835,653.40 2,945,803.40 Parks 1,254,530.42 1,254,530.42 Libraries 731,917.41 12,516.45 744,433.86 Urban Redevelopment and Housing 37,729.82 37,729.82 Economic Opportunity 223,250.00 369,709.68 592,959.68 Debt Service 847,357.50 1,612,482.72 2,459,840.22 Other Expenditures 61,953.66 61,953.66 Total Expenditures and Other Uses 15,655,735.28 4,090,183.82 4,633,872.66 24,379,791.76 Transfers In 613,748.00 3,770,674.00 436,852.39 4,821,274.39 Transfers (out) (4,763,339.00) (354,374.43) (5,117,713.43) Changes in Nonspendable (622,209.89) (622,209.89) Increase/Decrease in Fund Balance 4,455,736.87 845,907.53 390,037.97 5,691,682.37 Ending Balance: Nonspendable 501,239.88 55,665.07 1,825.46 558,730.41 Restricted 3,180,641.43 896,446.33 2,286,929.81 6,364,017.57 Committed 4,162.19 4,162.19 Assigned 5,704,440.94 180,000.00 1,309,446.90 7,193,887.84 Unassigned 11,047,694.78 11,047,694.78 20,434,017.03 1,136,273.59 3,598,202.17 25,168,492.79 Governmental Long-Term Debt 12,693,826.75 PROPRIETARY FUNDS—ACCRUAL BASIS Water Fund Sewer Fund Airport Fund Sanitation Fund Beginning Balance 28,071,050.05 3,779,342.77 5,193,932.78 7,753,369.36 Revenues 5,086,372.46 6,422,390.69 368,063.05 3,353,797.31 Expenses 3,806,965.22 4,481,095.98 841,771.63 2,295,295.38 Transfers In (Out) 354,625.00 (571,594.00) Ending Balance: Restricted for Revenue Bond Debt Serv 68,665.00 27,940.00 Restricted for Improvement/Replacement Restricted for Landfill Closure 1,357,569.47 Unrestricted including net capital assets 29,636,417.29 5,149,043.48 4,720,224.20 7,426,361.82 29,705,082.29 5,149,043.48 4,720,224.20 8,811,871.29 Long-Term Debt 6,878,022.94 16,371,366.77 564,988.77 Internal Serv Fund- Corn Palace Fund Golf Course Fund Campground Fund EMS Fund Health Insurance Beginning Balance 8,267,845.61 541,910.09 73,964.01 652,033.32 3,754,084.08 Revenues 1,053,951.63 572,037.64 188,048.45 692,675.13 4,021,243.74 Expenses 1,650,227.49 451,494.97 107,889.85 1,168,987.91 2,783,452.10 Transfers In (Out) 506,278.00 50,000.00 Ending Balance: Unrestricted including net capital assets 8,177,847.75 662,452.76 154,122.61 225,720.54 4,991,875.72 8,177,847.75 662,452.76 154,122.61 225,720.54 4,991,875.72 Long-Term Debt Other Funds within the Governmental Funds type includes Special Revenue Funds and TID-Tax Increment Financing Districts. 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) 995-8420. Municipal funds are deposited as follows: Depository Amount CorTrust Bank 31,702,935.91 Farmers State Bank 300,000.00 First National Bank 108,277.60 S.D. Public Funds Investment Trust 366,450.90 Wells Fargo Bank, N.A. 8,627,580.92 Published once at the total approximate cost of $449.16 (March 26, 2022) 44935