Details for 2016 Steele County Financial Statement 1

Steele County 2016 Financial Statement
A USER’S GUIDE TO COUNTY
FINANCIAL STATEMENTS

The following definitions will help citizens understand the terminology that is
used in the county’s financial statement.
COUNTY GOVERNMENTAL FUND TYPES
The General Fund is the general operating fund of the county. It is used to
account for all financial resources except those that are required to be accounted
for in another fund.
Special Revenue Funds are used to account for the proceeds of specific
revenue sources that are legally restricted for specified purposes.
Debt Service Funds are used to account for the accumulation of resources
for, and the payment of principal, interest and related costs of general long-term
debt.
Capital Projects Funds are used to account for financial resources to be used
for the acquisition or construction of major capital facilities.
COUNTY PROPRIETARY FUND TYPES
Enterprise Funds are used to account for operations that are financed and
operated in a manner similar to private business enterprises, where the costs of
providing goods or services to the general public are primarily funded through
user fees and charges for services.

COUNTY FIDUCIARY FUNDS
Trust and Agency Funds are used to account for assets held by a county
in a trustee capacity or as an agent for individuals, private organizations, other
governmental units, and/or other funds.

MAJOR CATEGORIES OF COUNTY EXPENDITURES
Current Expenditures include all expenditures other than capital outlays and
debt service on county bonds.
Capital Outlay Expenditures include all expenditures for the construction
of county facilities or the purchase of buildings or major equipment (such as an
automobile) by the county.
Debt Service include all expenditures for the repayment of bonds issued by
the county, including the payment of principal, interest and other fiscal charges
associated with the bonds.
The General Government activities include expenditures for general county
activities such as the county commissioners’ salaries and expenses, the county
coordinator’s office, the county attorney’s office, the auditor’s office, the county
treasurer’s office, the county assessor’s office, the planning and zoning office,
and other county general service offices.
The Public Safety activities include expenditures for corrections activities,
the operation of the Sheriff’s office and the county jail.
The Highways and Streets activities include expenditures for highway
department construction and maintenance programs.
The Sanitation activities include expenditures for county solid waste

collection and disposal programs, including county-sponsored recycling
programs.
The Human Services activities include the administration of all federal,
state and county human services programs, including child support collection
activities, social service programs such as chemical dependency treatment
programs, and child protection services.
The Health activities include expenditures for the county public health
department, including inoculation programs, home health aid services, and
programs to protect public and private drinking water systems.
The Culture and Recreation activities include expenditures for county
libraries, county parks, recreation programs, including the development and
maintenance of all county park facilities.
The Conservation of Natural Resources activities include expenditures
relating to soil and water conservation and the county extension office.
The Economic Development activities include expenditures for economic
development programs.
The purpose of this Report is to provide a summary of financial
information concerning Steele County for interested citizens. Questions
about this Report should be directed to Laura Ihrke, Steele County Auditor
at 507-444-7410.
A FULL AND COMPLETE COPY OF THE COUNTY FINANCIAL
STATEMENT IS ON FILE IN THE AUDITOR’S OFFICE OR ON OUR
WEBSITE AT WWW.CO.STEELE.MN.US.

Name

County Board of Commissioners
1st District
2nd District
3rd District
4th District
5th District

Term Expires

James Brady**
John Glynn
Mark Schultz
James "Corky" Ebeling*
Nina Huntington

January
January
January
January
January

7,
7,
2,
2,
2,

2019
2019
2017
2017
2017

County Officers

Elected
Attorney
Auditor
County Judge-3rd Judicial District
County Judge-3rd Judicial District
Sheriff
Surveyor
Treasurer
Appointed

Assessor
Building Mtc & Grounds Director
Coroner
County Administrator
Court Administrator
Emergency Management Director
Environmental Services
Four Seasons/Park and Recreation
Highway Engineer
Information Technology Director
Planning and Zoning Director
Probation Services Director
Public Health & CHS Director
Recorder
Veterans Service Officer

Governmental Funds
2016 Finances
Where it comes from...

Dan McIntosh
Laura Ihrke
Karen Duncan
Joseph A. Bueltel
Lon Thiele
John Hosfield
Catherine Piepho

January
January
January
January
January
January
January

William Effertz
Lynn Holthus
Dr. Kellyanna Moore
Laura Elvebak
Robin Hoesley
Mike Johnson
Scott Golberg
Steve Schroht
Anita Benson
John Borger
Dale Oolman
Tim Schammel
Amy Roggenbuck
Rick Kvien
Rene Gillormini

7,
7,
7,
7,
7,
7,
7,

2019
2019
2019
2019
2019
2019
2019

January 1, 2017
Indefinite
December 31, 2016
Indefinite
Indefinite
Indefinite
Indefinite
Indefinite
April 30, 2020
Indefinite
Indefinite
Indefinite
Indefinite
Indefinite
Indefinite

Charges for
Services
11.0%

Estimated Population
Total Assessed Market Value
of all Taxable Property

36,765
3,787,267,440

27,235,216

Petty Cash and Change Funds

Highways and Streets
Sanitation
Human Services
License, Permits
Health

& Fines
0.4%

Total

-

30,451,421

570

2,070

2,296,975

2,296,975

1,500

Cash with Escrow Agent

$

3,216,205

Current

116,226

-

116,226

Delinquent

289,019

-

289,019

Delinquent

61,658

-

61,658

Cash and Pooled Investments

$ 13,859,088

427,541

-

427,541

Petty Cash and Change Funds

1,450

Restricted Investments

Accounts Receivable - Net

174,379

248,730

423,109

Accrued Interest Receivable

169,966

4

169,970

Internal Balances

(5,809)

-

5,809

2,223,308

22,813

2,246,121

Loans Receivable

655,375

13,334

668,709

Inventories

134,998

213,427

348,425

Due from Other Governments

Investment in Joint Venture

3,149,718

3,149,718

-

Restricted Assets
462,076

-

462,076

4,717,545

-

4,717,545

Cash and Pooled Investments
Net Investment in Sales-Type Lease
Non-Depreciable Capital Assets

36,708
3,707,947,006

Total Revenues
Total Current County Expenditures
(All Governmental Funds)
Total Outstanding Net Bonded
Debt of the County
Bond Rating on Most Recent
General Obligation Bond Issue
Standard & Poor's
Moody's

99.28
42,749,599

43,151,815

99.43
41,707,258

Pension Related

11,601,931

209,879

11,811,810

92,443

-

92,443

11,694,374

209,879

11,904,253

Loss on Refunding

52,564,179

Accrued Payroll Taxes Payable

Investment
Income
1.5%

Contracts Payable

$

Original
Revenue

499,013
253,421

Business-Type
Activities

37,022

Total

$

Taxes and Special
Assessments
60.1%

18.89%
3.57%
23.44%
0.78%
36.60%
2.11%
9.28%
5.34%
100%

TRUE

$

62,054
9,767
1,400

561,067
263,188
38,422

-

468,961

60,180

105,625

-

66,896

16,274

454,300

-

2,185,000

-

163,903

-

145,000

-

16,456

30,223

843,701

38,167

1,065,467

-

8,054,618

-

2,313,709

-

2,650,000

-

87,876

504,277

20,334,300

37,424,167

3,036,051

40,460,218

3,171,060

81,130

3,252,190

42,749,599

DEFERRED INFLOWS OF RESOURCES
Pension Related
Advanced Allotments

Condensed
NET POSITION
Taxes
Net Investment in Capital
Assetsand Special Assessments
Restricted For:
License, Permits & Fines
General Government
Intergovernmental
Debt Service
Steele County Communities for a Lifetime
Miscellaneous
Conservation of Natural Resources
Unrestricted
Charges for Services
Total Net Position
Investment
Income

739,469

Total Deferred Inflows of Resources

-

3,910,529

81,130

25,677,251
176,935
680,093
10,265,029
1,208,475
462,076
1,274,642
957,730
17,129,736
4,701,824
90,421,460
653,918$

69,983,350

$

739,469
3,991,659

AA
A3

14,920,000

6,752,999

76,736,349

-

680,093

-

1,208,475

-

462,076

-

AA
A3

14,948

-

-

11,821

-

116,226

36,864

-

-

31,809

-

289,019

51,709

-

9,949

-

-

-

61,658

-

-

427,541

-

-

-

427,541
169,966

655,375

-

-

-

-

-

655,375

434

11,195

-

-

-

-

803,887

749,844

-

-

Inventories

-

Advances to Other Funds
Net Investment in Sales-Type Lease
Total Assets

165,095

134,998

5,229,000
-

11,629

504,482

2,223,308

-

-

-

-

134,998

-

-

-

-

-

5,229,000

-

-

-

-

4,717,545

4,717,545

$ 21,252,373

$ 10,795,335

$

814,875

$

6,825,314

$

$

$

$

130,320

$

1,639

$

1,275,371

$

946,168

$

1,770

$ 41,909,436

Governmental Funds
2016 Finances
Where it goes...

9,863,564

$

100,285,024

$

Sanitation
2.1%

Conservation of
Natural Resources
3.6%

$

374,533

2,705,971

16,577

19,527

36,104

2,348,015

394,060

2,742,075

324,490

133,867

458,357

Gain (Loss) on Sale/Disposal of Capital Assets

11,708

Total Nonoperating Revenues (Expenses)
INCOME (LOSS) BEFORE TRANSFERS

Culture and
Recreation
0.8%

Transfers In
CHANGES IN NET POSITION
Net Position - Beginning of Year
NET POSITION - END OF YEAR

$

1,713

-

-

-

17,438

-

-

-

-

434

Advance from Other Funds

-

-

597,547

588,311

220,346

36,864

51,709

-

Unavailable Loans

338,609

-

Unavailable Grants

101,728

45,445

1,029,000

3,200,000

-

1,000,000

5,229,000

1,161,033

3,201,639

-

1,001,770

6,550,300

DEFERRED INFLOWS OF RESOURCES
Unavailable Taxes
Unavailable Special Assessments

Advanced Allotments

313,420

Unavailable Lease

-

31,809

-

298,968

-

-

-

479,250

-

-

-

-

338,609

435,305

-

-

-

-

537,033

739,469

-

-

-

-

739,469

-

-

-

478,748

4,717,545

-

-

4,717,545

4,717,545

31,809

-

7,589,622

Capital
Projects

Governmental
Funds

233

-

Total Deferred Inflows of Resources

9,949
427,541

165,095

-

1,025,812

-

1,211,871

602,585

Road and
Bridge

General

Community
Wellness

Ditch

Debt
Service

FUND BALANCES
$

316,766
-

$

-

$

134,998

-

$

-

$

-

$

-

$

316,766

-

-

-

-

134,998
5,229,000

5,229,000

-

-

-

-

-

Restricted for
Tree Memorial

595

-

-

-

-

-

595

Recorder Technology

294,895

-

-

-

-

-

294,895

Recorder Compliance Fund

198,105

-

-

-

-

-

198,105

1,000

-

-

-

-

-

1,000

467,023

-

-

-

-

-

467,023

Missing Heirs
CWP Loans

48,561
7,313

Veterans Donation

1,840

-

-

-

-

-

1,840

550,388

Sheriff Drug & Alcohol Forfeiture

7,455

-

-

-

-

-

7,455

170,015

764,320

Sheriff Handgun

143,248

-

-

-

-

-

143,248

555,353

2,181,713

SCRAM

25,642

-

-

-

-

-

25,642

County Attorney

35,782

-

-

-

-

-

35,782

-

-

-

-

-

462,076

Debt Services

-

-

-

-

Bixby Project

67,755

-

-

-

8,648,868

-

211,287

-

560,362

741

11,968

100,000

100,000
11,708
123,676
684,038

210,000

210,000

744,590

149,448

894,038

2,938,718

8,969,526

$

468,961

-

6,030,808
6,775,398

-

-

(60,552)

-

-

-

100,741

744,590

-

-

-

22,935

-

-

(161,293)

-

37,022

468,961
22,980

253,421

-

-

11,227

-

22,465

Steele County Communities for a Lifetime

Gifts and Contributions

-

-

302,070

721,655

-

-

106,578

1,626,360

-

-

38,435

Total Operating Expenses

4,279

-

213,036

594,305

32,743

7,313

89,034

Depreciation and Amortization

-

48,561

68,143
550,388

-

U of M Extension

Other Services and Charges
Waste Management

499,013

-

15,291

Inventories

Totals
$

$

-

Due to Other Governments
Total Liabilities

-

28,242

Due to Other Funds

Advances to Other Funds

Four Seasons
Civic Center

63,415

225,179
-

TRUE

2,331,438

301,869

Contracts Payable

Ag Society Loans Receivable

Employee Benefits and Payroll Taxes

Investment Income

Public Safety
23.4%

Accrued Payroll Taxes

Natural Resources Block Grant

OPERATING INCOME (LOSS)

Highways and Streets
36.6%

Salaries Payable

Nonspendable for

OPERATING REVENUES
Miscellaneous
Total Operating Revenues

Accounts Payable

42,749,599

Solid
Waste
Charges for Services

LIABILITIES

20,240,301

Business-Type Activities - Enterprise Funds

General Government
18.9%

LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES

957,730

3,110,565

STEELE COUNTY
OWATONNA, MINNESOTA
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
PROPRIETARY FUNDS
YEAR ENDED DECEMBER 31, 2016

-0.15%

-15.21%

89,457
220,346

Loans Receivable

Unavailable Revenues

OPERATING TRANSFERS

12,650,000

462,076

174,379

641,729

2,313,709

87,876

19,830,023

Total Liabilities

7,603,222
1,437,104
9,434,332
312,046
14,731,756
849,295
3,737,164
2,149,143

$

Total
468,961
45,445
25,340,672
66,896
336,579
438,026
2,185,000
160,429
163,903
145,000
10,265,029
16,456
4,701,824
813,478
1,027,300
16,506
8,054,618
641,729
450,449
203,469
2,650,000
1,274,642

Taxes
$
Accrued Interest Payable
Special
Compensated Absences
Payable Assessments
- Due Within One Year
General Obligation Bonds Payable - Due Within One Year
Licenses and Permits
Loans Payable - Due Within One Year
Revenue Bonds Payable
- Due Within One Year
Intergovernmental
G.O. Taxable Wastewater Revenue Notes - Due Within One Year
Charges
for Services
Compensated Absences
Payable - Due
in More than One Year
Other Postemployment Benefits Payable - Due in More than One Yea
Fines and Forfeits
General Obligation Bonds Payable - Due in More than One Year
Loans Payable - Due in
More than OneEarnings
Year
Investment
Estimated Liability for Landfill Closure/Postclosure Insurance Dividend
Due in More than One Year
Revenue Bonds Payable
- Due in More than One Year
Miscellaneous
Due to Other Governments

2.14%

-17.91%

-

-

Due from Other Governments

132,832,648

1,500

-

-

1,880,488

12,770,866

$ 27,235,216

-

-

Due from Other Funds

120,061,782

441,686

-

4,752,929

Total Assets

462,076

$

-

-

1,230,709

DEFERRED OUTFLOWS OF RESOURCES

-

1,231,741

2,232

3,522,220

56,788,909

-

$

-

-

135,273

-

-

1,643,461

-

16,906,828

1,880,488

$

-

-

121,355

-

212,290

486

3,051,641

56,788,909

$

50

167,734

13,918

Infrastructure (Net)

9,846,950

173,893

13,855,187

Landfill (Net)

$

Accrued Interest Receivable

2,557,160

Machinery, Vehicles, Furniture and Equipment (Net)

Total
Governmental
Funds

Accounts Receivable

3,980,478

Accounts Payable
Salaries Payable

0.16%

2.50%

Deferred

17,556

NONOPERATING REVENUES (EXPENSES)

Percent of Property Taxes Collected

Delinquent

451,250

Improvements Other than Buildings (Net)

Capital
Projects

Special Assessments Receivable

2,539,604

Personal Services

Total 2015

Delinquent

3,529,228

OPERATING EXPENSES

Percent
Increase
(Decrease)

Current

Construction-in-Progress
Building (Net)

Ditch

Debt
Service

Taxes Receivable

Land
Depreciable Capital Assets

Community
Wellness

ASSETS

Noncurrent

Special Assessments Receivable

Road and
Bridge

General

Taxes Receivable

LIABILITIES

40,254,062

Health
5.3%

$

Primary Government

STEELE COUNTY PROFILE
Total 2016

$

G.O. Taxable Wastewater Revenue Notes - Due in More than One Ye

Human Services
9.3%

* Chair for 2016
** Vice Chair for 2016

Key Indicator

Cash and Pooled Investments

Net Pension Liability - Due in More than One Year

General Government
Intergovernment
Conservation of Natural Resources
al
Public Safety
24.0%
Culture
and Recreation

Business-Type
Activities

ASSETS

Governmental
Activities

Miscellaneous
3.0%

2016

STEELE COUNTY
OWATONNA, MINNESOTA
BALANCE SHEET
GOVERNMENTAL FUNDS
DECEMBER 31, 2016

Primary Government
Governmental
Activities

Total Deferred Outfows of Resources

STEELE COUNTY OFFICIALS ORGANIZATION 2016
Office

STEELE COUNTY
OWATONNA, MINNESOTA
STATEMENT OF NET POSITION
December 31, 2016

3,088,166

$

9,863,564

462,076

1,243,562

-

1,243,562

-

-

67,755

-

-

-

8,648,868

-

-

-

1,162,568

-

(55,602)

9,272,462

(55,602)

27,769,514

946,168

$ 41,909,436

Assigned for
Bridges, Roads & Streets
Compensated Absences
Unassigned
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances

951,281
11,832,753

-

19,629,014

8,995,153

$ 21,252,373

$ 10,795,335

$

(948,743)

(1,555,946)

(948,743)

(1,093,870)

814,875

$

6,825,314

1,243,562
$

1,275,371

$

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