Independent Audit 07

JAMES G. ZUPKA, C.P.A.,INC. CertiJiedPublic A ccountants 5240East 98'' Street Garfield Hts.,Ohio 44125

fvlember American Institule ol Cedified Publrc Accountants

( 2 1 6 4) 7 5 - 6 1 3 6

Ohio Societv of Cenifiei Public Acccuntants

INDEPENDENTAI.IDITOR'S REPORT

To the City Council City of SouthEuclid, Ohio

We haveauditedthe accompanyingfinancialstatements activities,eachmajor of the governmental fund, and the aggregateremainingfund informationof the City of SouthEuclid, Ohio, as of and for theyearendedDecember31,200J, which collectivelycomprisetheCity's basicfinancialstatements as listed in the table of contents. Thesefinancialstatementsare the responsibilifyof the City of South Euclid, Ohio's management.Our responsibilityis to expressopinionson thesefinancial statements basedon our audit. We conductedour audit in accordancewith auditingstandardsgenerallyacceptedin the United StatesofAmericaandthe standards applicableto financialauditscontainedinGovernmentAuditing Standards,issuedby the Comptroller Generalof the United States.Thosestandardsrequirethat we plan andperformthe audit to obtainreasonableassuranceaboutwhetherthe financialstatementsare freeof materialmisstatement.An auditincludesexamining,on a testbasis,evidencesupportingthe amountsanddisclosuresin the financial statements.An audit also includesassessing the accounting principlesusedandthe significantestimates madeby management, aswell asevaluatingthe overall financial statementpresentation.We believethat our audit providesa reasonable basis for our opinions. In our opinion,the financial statementsreferredto abovepresentfairly, in all materialrespects,the respectivefinancialposition of the governmentalactivities,eachmajor fund, and the aggregate remainingfund informationof the City of SouthEuclid, Ohio, as of December31,2007, and the respectivechangesin financial position,thereofandthebudgetarycomparisonfor the GeneralFund for the year then endedin conformity with accountingprinciples generallyacceptedin the United Statesof America. In accordancewith GovernmentAuditing Standards,we have aiso issuedour report dated June4, 2008, on our considerationof the Cify of South Euclid, Ohio's internal control over financial reportingandon our testsof its compliancewith certainprovisionsof laws,regulations,contracts, and grant agreementsand other matters. The purposeof that report is to describethe scopeof our testingof internalcontrol over financial reportingand complianceandthe resultsof that testing,and not to providean opinion on the internalcontrol over financialreportingor on compliance.That report is an integralpart of an audit performedin accordancewith GovernmentAuditing Standards and importantfor assessingthe resultsof our audit.

h'rt Themanagement's discussion andanalysis partof thebasicfinancialstatements is nota required is supplementary information requiredby accounting principlesgenerallyaccepted in the Ur, ) Statesof America. We haveappliedcertainlimitedprocedures, which consisted principaltyof inquiriesof management regarding themethodsof measurement andpresentation of the required supplementary information.However,we did notaudittheinformation andexpress no opinionon i t. Our auditwas conducted for the purposeof formingopinionson the financialstatements that collectively comprise theCityof SouthEuclid,Ohio'sbasicfinancialstatements. Theintroductory section, combining andindividualnonmajorfundfinancialstatements andschedules, andstatistical sectionarepresented for purposes of additionalanalysisandarenot a requiredpartof the basic financialstatements.The combiningand individualnonmajorfund financialstatements and schedules havebeensubjected to theauditingprocedures appliedin theauditof thebasicfinancial staternents and,in our opinion,are fairly statedin all materialrespects in relationto the basic financialstatements takenas a whole. The introductory and statisticalsectionshavenot been subjected to the auditingprocedures appliedin the auditof the basicfinancialstatements and. accordingly, we express no opinionon them.

A lr/* eh# Jf,mesG. Zupk{CPA, Inc. CertifiedPublicAccountants June4, 2008

City of South Euclid, Ohio Management'sDis cussion and Analy'sis For the YearEndedDecember3l, 2007 Unaudited

The discussionand analysisof the Ciry of South Euclid's financial performanceprovides an overall review of the Ciry's financial activitiesfor the year endedDecember31,200'7. The intent of this discussionand analysis is to look at the City's financial performance as a whole; readers are encouragedto consider information presentedhere in conjunctionrvith the additional information containedin the transmittalletter, as u,ell as the basic financial statementsand the notes to the basic financial statementsto enhancetheir understandingof the City's financialperformance. FinancialHightights .

The assetsof the City of SouthEuclid exceededits liabilitiesat December31,2007by 545,205,714.Of this amount,$7,541,936may be usedto meet the City's ongoingobligationsto citizensand vendors.

.

Total assetsincreasedby $22,798,437which representsan increaseof 34.85percentfrom 2006 to 2007. This was primarily due to an increaseof $7,3i9,600 in capitalassetsand an increasein assetsheld for resale in the amount of $18,196,465with a decreasein cash and cash equivalentsin the amount of t onfo t e t h e C i r y t o o k o n i n J a n u a r y 2 0 0 T $ 2 , 9 2 8 , 5 6 1T. h e m a j o r i t y o f t h a t i n c r e a s e w a s a d i r e c t r e s u l a to purchasethe CedarCentershoppingplaza property. The City purchasedthe properly in 2007. Total liabilities increasedby $20,459,406which representsan increaseof 90.75 percentfrom 2006 to 2007. This increasewas due rnainlyto the issuanceof a $17,000,000note.

.

In total, net assetsin govermnentalactivitiesincreased$2,339,031during 2007. This representsa 5.46 percentincreasefrom 2006.

.

The second-largestshopping area in the City is located at Cedar Road between Warrensville and Fenwick Roads. The City has purchasedthe 10* acres of property and is currently planning for the center's conversionfrom a strip mall to a mixed-useresidential,businessand retail project. The City has a developer'sagreementrvith the Coral Companyu,hc is scheduledto purchasethe properlyby the end of 2008. Demolition of the existing buildings is scheduledfor August 2008 with constructionbeginning in 2009.

Using this Annual Financial Report This discussionand analysisis intendedto serve as an inroduction to the City of South Euclid's basic financial statements.Thesestatementsare organizedso that the readercan understandthe City as a financial whole or as an entire operatingentity. The statementsthen proceedto provide an increasinglydetailed.look at specificfinancialconditions. The Statemenrof Net Assets and Statementof Activities provide information about the activities of the whole City. They provide both an aggregateview of the City's financesin addition to a longer-termview of thoseassets.Major fund financial statementsprovide the next level of detail. For governmentalfunds, these statementstell how services u,ere financed in the short-term as well as what dollars rernain for future 'nonrli-n Tho firnrt financial statementsalso look at the City's most significant funds with all other lrlv rsrrL I/VrrurrrE. nonmajor funds presentedin total in one column.

City of South Euclid, Ohio Management'sDiscussionand Analysis For the YearEndedDecemberSt. iOOZ Unaudited

Government-w'idefinancial statementsReporting the cig of South Euclid as a \4/hole Statementof Net Assetsand the Statement of Activitie.s

The Statementof Net Assets presentsinformation, excluding fiduciary funds. on all the city of Sout Euclid's assetsand liabilities, u'ith the differencebetu,een-thetwo reportedas net assets. over time increasesor decreases in net assetsmay serveas a useful indicator of whetherthe frnancialpositionof th city is improving or deteriorating.However, in evaluatingthe overall position of the ciry, non-financia factorssuch as the city's tax bale, change in tax laws ani the condition of capitar assets should arso br considered' Both the Statementof Net Assets and the statementof Activitiei use the accrualbasis o accountingthat is similar to the accounting *.th;;;;a uv n,,"u private-sectorcompanies. This accountingtakes into accountall of the basis o currentyear's ..u.nu", und .*p.rrres regardless of when receivedor paid. cash ir The Statementof Net Assetsand the Statement of Activities aredividedinto the following r . o . . r

categories:

Assets Liabilities Net Assets ProgramRevenuesand Expenses GeneralRevenues Net AssetsBeginningof year and year,s End

Reporting the Cie,of South Euclid,s Most Signifcant Funds Fund Financial Statements The analysisof the City's major fi-rnds begins on page 7. Fund t'inancialreportsprovide detailed -Euclid information about the city's majol ful.d.t' The city of Souih nas estautishedmany funds that account multirudeof services'facilitiesand inliastmcture for the providedto our residents.However, thesefirnd financial statementsfocus on the city's most significant funds. ih" c;ty', major funds are the G.ne.al Fund and the Flood Control and Land Acquisition Clpital projectsFunds. Governmental Funds Most of the city's activities are reported in the governmentalfunds w.hichfocus on how money florvs into and out of thosefundsand the baiances Ieft at yea'r."a ut.il"ire forspendingin future penods. Thesefunds are reportedusing an accountingmethod callld modified accrualaccounting*,hich measures cashand all other financial assetsthat are expected to be readiry .";;.;;; to cash. The governmentarfund statements pro'ide a detailedshort-termview of the ciry's g.;.;i;;;.uiion, and the uu!i. r.*r.es it provides. Both the governmental fund balance sheet and the go-vernm.niuin-o statement ot r.,r.nr.r. expendifuresand changesin fund balancesprovide a reconciliation to facilitatea co-pu.ison bet*,eengovernrnental (reportedin the Statementof Net activ: Assetsand the Statementoie.tiuiti.r) and governmenLal funds. Government-r+'ide Financiar Anarl'sis- cif),of south Euclid as a whore As noted earlier'the Statementof Net Assetslooks at the ciry as a whole and can be usedas an indicatorof the ciry's financialposition' Table 1 p.ouiaesu ru*-uf''oitrr. city,s net assets for 2a07comparedro 2006

CitY of South Euclid, Ohio andAnalysis Discussion Management's 31' 2007 Fo, tie YearEndedDecember Unaudited

Table 1 Net Assets Gov ernmental Agtrvrtlies

2001 Assets Current and Other Assets CapitalAssets'Net Total Assets Liabilities CurrentLiabilities Long-Term Liabilities: Due Within One Year Due in More Than One Year TotctlLiabililies Net Assets of RelatedDebt Investedin Capital Assets'Net Restrictedfor: Capital Projects Debt Service StreetMaintenance StreetLighting SewerMaintenance Other PurPoses Unresfricted Total Net Assets

Change

2006

$46,668,077 $ 31, 18 9 , 2 4 0 4 1 , 5 4 i , 6 8 9 34,222,089

si 5,478 ,837

65,411,329

22,',l98,437

88,209,766

?,319,600

8,'149,395

2,433,1',71

1,491,773

1 , 36 8 , 9 1 0

122,863

30,329,',l1,3

t2.426,341

T'I 903,372

43,004,052

22,544,646

20,459,406

28,853,662

22,453,546

6 , 4 0 0 ,116

1 0 , 8t 7 , 9 3 0 1,228,7'73 868,76',1

(5,085,783) (22,9',78)

i 1 , i8 2 , 5 6 6

5,'732,147 1,205,'195 6 18 , 1 9 6 551,299 398,264 304,415 '7 ,541,936

564,263 361,298 338,842 A 177 )64 v r ' J J ) - '

-

(250,571) (r7,964) 36,966 (34,427) 1,308,672

- $'z'339igrs45205314- s4r,866'683

T o t a l a s s e t s i n c r e a s e d b y $ 7 2 , 7 9 8 , 4 3 . | f t o mof 2 0major 0 6 t oinfrastnrcture 2 0 0 7 . C a p iimprovements t a l i ' ' . : ] : : : : : :within : , ' s 7 the , 3 1city 9,600netof .o*ou.tion ,rr. to due *u, expense.rt i, depreciation of newvehiclesandequipment. ,r'*.n asthepurchase note (for cedar of a $17,000'000 due mostryto the issuance by s20,459,406 increased Authorirywhich was Totai riabilities the ohio water Development flood.o"ooLfrom for ioan Net assets center)and a $2,052,371 principaron its outstandingdebt' of u*i'; ao* ir paying oartiallv offset by the ciry ir,.r.utld by $2,339,031 in 2oo7' to and2006andcorresponds the yearsendedDecember31,ZOO'7 for assets net in changes the TableZshows of Activitieson page13' theStatement _s _

C i [ ' o f S o u t hE u c l i d ,O h i o 's

ltlanagentenl Discttssion andAnalrsis t ^ For the Year Lr r tl d e d D e c e n t b e t3' l , 1 0 0 = Unaudited

T a b l e2 Cltatrgesitt .\tetAsset: Govemmental Activities

2007 Revenues ProgramRevenues Chargesfor Sen'icesand OperatingAssessments OperatingGrants.Contributionsand Interest CapitalGrants.Contributionsand CapitalAssessments

$5.149.759 9I 0 . 8 1 0 693.t16

2006

Changt

s4 tR4R6?

1,032.575 8 6 , 35

$761 (t21 606

Total Prog:'amRel,enues

6 . 75 3 . 1 4 5

5 i0i

77t

1.249

GeneralRevenues ProperryTaxes IncomeTaxes Grantsand Entitlements lncreasein lnvestmentin Joint Venture Interest Gain on Saleof CapitalAssets Miscellaneous

) \ /,// /\ 8,997.144 2.292,053 0 1,011.924 0 220.916

i 171 ?nn

300 1.681 105 ,27,

1.309,426 2,186.957 27.2t7 I66,glg

{4)

A L J J ; J

152.314

l'otal GeneralRevenues

18 . 0 9 7 . 8 1 2

1 5 . 57 7. 4 7 1

TotalRevenues

24.851.5,s7

)1 )6t )aa

Program Expenses GeneralGor,ernment: Legislativeand Executive JudicialSvstem Securityof Personsand Properfy: PoIce Fire Public HealthServ'ices LeisureTime Activities Communiq,Development BuildingDeparlment Transportation BasicUtiliry'Sen'ices Slr,immingPools lnterestand FiscalCharges

2.102.438 490.694 5,282.303 3.934._i95 l3-s.762 1.065.090 236.405 737,100 3.322.800 3.028.247 379.311 1.197.241

't P

,

!)i |

-

J

\

'

J

'

);)

463,069 i )0? lJ. 1

3,583.897 I30,1 78 377.023 201,704 646.628 3,138.160 1

1 /

/

4 \

i

3 7\ . 2 2 5 496.930

Total ProgramExpenses

22.512.526

?0 isq Riq

Increase in .\iet,lssets Net AssetsBeginning of l'ear - Restated6ee.\ote 3l

2.339.031 42.866.683

9 0 1. 3 9 0 41.965.293

Net AssersEnd of I'ear

r8.

s 4 5 . 2 0 , i . 7 1 4 s42.866.683

68,

(20, 27, '79'

35 0 , ,

6 88 . t a 1 1 l

'

qr . t 184. t)q4'

8.( 1.000

L437. 901.

s2.339

Management's Discussiona'ndAnaly,sis For the YearEndedDecemberSt, iOOZ Unaudited

Prograrn revenues increasedby s:-,249,973.in20,07. operating and capitalgrantsaccounted g4g5,076 for of this increase' Generairevenuesincreased by $2,340i35 from 2006. G."n.r.r revenueincreaseswere most notable in income tax collections ($1,687,7'1g),'int.r.rt income (s24g,046) and property ($300'575)' The increasein incometax collectioni taxes o'"r'due to an increasein the income tax rate effective Januaryl' 2006 from 1'50percentto 2'00 percent. rn" in.r.ure in interestin.o*. was due to higherratesof return on the city's investments.The inirease in prop"rry taxes was due to an increasein collection properrytaxes. of Gover n mental A ctivi ties Several revenue s-?ulcesfund our governmentai activities with the city income tax 'zoos. being the largest contributor' The ci$'s incometax rale was i .5 percentfrom 1984through In August 2005 the voters of South Euclid passedan incometax rate increaseto 2.00-percent.The new rate of 2.00 percentbecame effectiveJanuary l' 2006' Residentsof the city who r another.o-*uoiry receivea g.1;percent credit on income earned outside the city "..t and paid to unotn., municipality. in prior years, the citv experienceda declinein incometax collectioll has The city..,nuln, .o--itt.d to collecting all taxesdui to it and during 2007 worked in conjunction with the Regional Income Tax Agency to identifli and assess individuals who were delinqueni in filing their incori. ,u^ ..**r. This effort will account for over $100'000 in additionalcolleclionsin 200& Properryiu^ ..r,"nr.s increasedslightly in 2007and are the city's secondlargestsourceof revenues.Revenues torn grunt, and entitlementsrlprese ntedg.22percent of

orohitin tr,erorm.or_io"ur B:*ffi:il?::|1"#:Xfi#T:...lnds are;.;J;J';om rheState The Ciry of south Euclid has committed to devote major resourc€sin its quest to renovate the city,s aging infrastructuresystem,in pafticular the sewer:yr^!"-As a part of this .o*-it-.nt, beginning in 2001, each properly in the city is annually assessed $23i p". ,i*". connection. This assessmentgenerates approximately$330,000 devoted to ongoing ,.*.. .ui*.n"n.e and $2,000,000designatedfor Flood control projects' A portion of this assessment will be usedto repay IssueII loans and note borrowings. The city continued.itscommitmentto pro.viding quality roadsand sidewalksto our residents. The expinng 3-mill properly tax levy was renewedby the uol., in No*-u.r 2005. using the proceedsfrom that properrytax levy. the city continues 3-mill to ieconstrucvresurface roads. In order to maintain the safety and environment the residentsdeserveand expect, the city had to replace someof the antiquatedequipmentin the ServiceDeparfment. The City's Funds lnformation about the city's major funds.-starts on page i4. These funds are accounted for using the modified accrual basis of accounting. All governminiut zuno, had total revenues of $24,56g,609,and expendituresof $48'192,696' The GJneral F;d had a fund uutun.. at year end of $5,30-/,092withannual expendituresof $15'399,154' During 2007,$1,625,547 *u, t'unrr...ed from ttre g.n"."t fund, enablingthe city to fund capital improvementt uia acq,isitions una pr*ioing operatingfundr-fo. the sr.r,immingpools,

inth? tunds decrer,ia ffi3:?J::.T''#Tiil-"#Jl#3;.,i;:*[:::ffj.u;un.", uv """-,:o, During2007'theFloodcontrolcapitalprojectsfundbalancedecreased ftom.;6,2i2,2g-7tos2,760,917. decreaseis the result^of the iity compteting This the BluestoneArea Infrasfructureproject, Antisdale/Grosvenor the East Infrastructure project.in. ir"C^i-tnv"t"try inrrust-,r.** ,-p."rement projectandthe -

t -

Cify of South Euclid, Ohio I'Ianagement's D iscussion and Analy'sis For the Year EndedDecember3I, 2007 Unaudited

Warrensville Center Road project. The projects include neu, sanitary sewers,storm seg,ersand u,aterlines r,r'ithinthe Ciry. The Ciry also replacedthe Telhurst Road Bridge. Generol Fund Budgeting Highlights The City's budgetis preparedaccordingto Ohio law and is basedon accounfingfor certaintransactions on the basis of cash receipts,disbursements and encumbrances.The most significantbudgetedfund is the General Fund. An annual appropriationbudget is legally required to be preparedfor all hrnds of the City other than agencyfunds. Council is provided u,ith a detailedline item budget for all departmentsand after a discussionat FinanceCommitteemeetings,which are open to the public, the budgetis adoptedat an object level by City Councilat a regularlyheld council meeting. Councilmust approveany revisionsin the buiget that alter the object level or the total appropriationsfor any deparfmentor fund. During the course of 2007, the City amendedits generalfund budget numeroustimes. The actualrevenue amountwas more than the final budgetby $2,015,278.The majoriry of this varianceis rnadeup of a "catch up" of income taxes due to the rate increase on January l, 2006. Also part of the increaseu,as due to unexpectedinheritancetaxes,a conservativeinvestmentprogram along with higher interestratesresultedin higher than anticipatedearnings,an increasein court fines and building departmentfees collectedand an increasein real properrytax received. Final appropriationsexceededactu;l expendituresby $1,40t 9. This variancewas due primarily to the conservativebudgetingtechniquesof the -lty ana a concertede^^ort to reducespendingat the end ofthe year. The Ciry's endingunobligatedbudgetaryfund balancewas $3,212,542higherthan the final budgetamount. Capital Assetsand Debt Administration Capital Assets At the end of 2007, the City of South Euclid had 559,738,154investedin land, buildings, equipment, vehiclesand infrasffucture.Table3 shows2007 balancesof capitalassetsas comoaredto 2006. Table 3 CapitalAssetsat Decentber3l Net of Depreciationl G overnmentaI Activiti es

2007 Land Constructionin Progress Buildingsandlmprovements Equipment Vehicles Infrastructure Sn'eets Bridges,Seu'ersandCulvens Waterlines Traffic Signals Total CapitalAssets

$ 1 , 18 2 , 8 9 7 R l7r qds ? ? R ?O ? 7

5 8 3 ,816 r,338,416 11 R 1 ?q J ?

I I ,057,701 | ,939,941 46,039 $ 4 1, 5 4l , 6 8 9

s l ,182,897 619,646 3,573,680 7r 6 , 9 8 1 |

\ { \

9 / {

13,653,048 I 0,860,1 68 I qR?S77

3 6 ,I 6 9

$34,222,089

City of South Euclid, Ohio Ir[anagement'sDiscussion and Anab'sis For the YearEndedDecember3l , 2007 Unaudited

of the new Capital assetsincreasedby $25,516,065in 2007. This u'as primarily due to the construction including the Ciry, within ipiur1, park, and the replacementand renovation of various infrastmctureassets sewers,bridges the Tellhurst Bridge and the East AntisdaleiGrosvenorlnfrastmcture Projects.consistingof street and culverts. Neirly $700,000 was spent on roads being reconstnrctedalong with miscellaneous some doors, garage bay with Departments' repairs. The City also confinuedto update the Fire and Police new cabinetryand other miscellaneousbadly neededrepairs. (EMS) In 2001, the Ciry Council approvedthe impiementationof fees for EmergencyMedical Services transportsbeginning in 2002. The first $200,000 collected annually is designatedfor the replacementof safety forces vehicles. This will allow the Fire and Police Deparfments to follow their scheduled replacementtimetable'"r'ithoutrelying on traditional revenueSourceS. Vehicles acquired in 20A7 included three police vehicles. A number of police deparfmentvehicles were of repaired or refi.ybished. The City's garagestaff works to maintain the fleet of vehicles at a high level purchased or to be continue vehicles City is required, repair to extend their longevity. When replacement the General from funding leasedfrom the General Capital Improvement and Repair Fund, which receives Fund. The City also overhauledtraffic signalsat a cost of about SI 1,000. The City Engineermaintainsa comprehensivelisting of all the streets,sewerand water lines and bridgesand culvertswithin the City. Each spring,this inventory is updatedwith current conditionsand recommendations made for repag o. ..piu..-ent. As mentionedbefore,the City has been very aggressivein pursuingfunding to assistin the financing of infrastmcfureprojects. For more information about the City's capital assets,see Note 10 to the basic financial statements. Long-Term Obligations At December31,2007, the City of SouthEuclid had $31,821,486in outstandinglong-termobiigations,of which Sg,B42,gi6 was in General Obligation Bonds. Table 4 summarizes the long-term obligations outstanding. Table 4 Obligationsat YearEnd Long-Ternt Outstanding GovernmentalActivities

2007 $8,842,976 305,000 1,'t47,086 4,401 1,9',7 17,000,000

GeneralObligationBonds Bonds SpecialAssessment OPWC Loans OWDA Loans Notes Policeand Fire PensionLiabiliryCapitalLease Absences Compensated Total

1 1 Sn t ? 356,546 1 r R od s 4

: :

$ 9 , 711, 0 3 8 340,000 1,856,693 0 0 17 0 q g 4

468,522 1,098,004

s31.821,486 $13,795,251

Cig of South Euclid, Ohio Management'sDiscuss ion and Anahsis For the YearEnded DecentberSt , |OOZ Unaudited

A portion of the generalobligationbonds rvas issuedfor the purposeof improvingthe ciry,s recreationa areas'includingall three of the Ciry's su'imming po?lr. Apfrovedby the uoGrcin 1990paymentsare mad, from property taxes collected by the county Auditor. ihese bonds were refinancedin l99g to takr advantage of Iou'er interestrates. The generalobligationvariouspurposeimprovement bondsin the amountof $g,400,000will be paid witi revenuesfrom the road improvementand flood controlcapitarprojectsfunds. I I I

I I

The SpecialAssessmentBondswere issuedto reconstructthe Stanhopeparking Lot in lgg4. principal anc tnterestfor thesebondsare paid from the collection of specialassessments by the county Auditor. The oPWC loans representthree' flventy-year zero-interestloans. The opwc serviceassessments being collectedin the Froodcontror Fund.

loan,s repapnent sourcels

The $17'000'000Land Acquisition Bond Anticipation note issued January 30,200j at 5.50 percentand outstanding at December31,2007,will matureJanuary29,200g. A line of credit has been establishedrvith the ohio water DeveropmentAuthority in the amount of $2'154'990for improvementsto the Sewersystem; however,since this loan is not finalized,the repa. ,.'t scheduleis not incrudedin the schedureof debt servicepffin*. The City of South Euclid's overall legal debt margin is $2i,j72,566 with an unvoted debt margin of $7'103'242on December31,2007' For-moreinformation aboutthe city's long-tennobligations,seeNotes 12 and 13 to the basicfinancialstatements. Current Financial RetatedAcfivities The Administrationprovidedsfrongfiscal management, hoiding generaroperatingexpensesin checkwhile maintainingcity servicesat a high le',el in 2007. But with decreasingrevenuesfiom Federal and State sourcesand increasing.expenses, the ciry is going to seeso-. tougter times in the coming years. In 200g, hospitalization has againincreasedand tne city's portion orttre otrio public Employee,sRetirementSystem contributionhas increasedand will increaseeach year for the next two years. The city will seean increase of incometax collectionsin 2008 due to timing or "catch up" of taxesreceivedin 20t0idue to the passageof the new rate effectiveJanuary1,2006' Expe-nses .un oniy be cut back so much without jeopardizing the safety' health and welfare of the residents. The Administration will continue to monrtor the revenuesand expensesand make appropriateadjustrnents as needed. The Administration continuestou,ard its goal of keepingall residentsand oiher inteiestedparlies fully infonned as to the financial statusof the city of South Euclid. Contactingthe City of South Euclid,s Financial l\{anagement This financial report is-designedto provide our citizens, taxpayers,investors and creditors *,ith a general overvlewof the ciry's financesand to show the City's u..ounlrubitityfor the money it recerves. If you l- .e questionsabout this report or need additional financial inro.nlution,contactJosephG. Fiiippo. Fin. .: Director'at the city of SouthEuclid, 1349 SouthGreennoui, soutt Euclid, ohio 44121-39g5. (216) 3g10400.or e-mailto [email protected].

BasicFinancialStatements

Cit)' of South Euclid, Ohio Statementof trtetAssets D e c e n t b e r3 1 .2 0 0 7

Assets Equity in PooledCashand CashEquivalents Cash and CashEquivalents In SegregatedAccounts AccountsReceivable Intergovernmenta I ReceivabIe PrepaidItems Materials and SuppliesInventory IncomeTaxesReceivable PropertyTaxesReceivable SpecialAssessments Receivable Investmentin Joint Venture AssetsHeld for Resale NondepreciableCapitalAssets DepreciableCapital Assets Total .4ssets Liabilities AccountsPayable Accrued Wages ContractsPayable intergovernmentalpayable Accrued Interestpayable DeferredRevenue Notes

P ee Jr r sav h lrov

Long-TermLiabilities. Due Within One year Due [n More Than One year ToralLiabiliries Net Assets Investedin CapitalAssets,Net of Related Debr Restrictedfor: Capital Projects Debt Service StreetMaintenance StreetLighting SewerMaintenance Other Purposes Unrestricted Total tret.4ssets Seeaccompanyingnotesto the basicfinancial statements

Governmental Activities

s13,886.475 64.858 79,332 |,499,887 11 all t t,:.tJ

133,494 3,747,126 s,397,t27 3,48 1,133 167,907 18,196,465 9,3s5,442 32.186,241 88,209,766

3i 1 , 0 4 0 394,692 2,047,624 709,659 903,425 5,016,r27 1,900,000 1,491,773 30,329,7 13 43,004.052

28,853,662 5,732,147 |,205,795 618,196 551,299 398,264 304,4r5 7, 5 4 1 , 9 3 6 $45.205,?14

Cig of South Euclid, Ohio SIaternent of .1ct iviti es For rhe YearEndedDecentber 3l. )047

Net (Expense) Revenue and Cbanges in Net Assets

Program Revenues Capital Grants,

Charges for Servicesand Operatile tKpenses

Assessments

OperatingGrants, Contributions andIDterest

Contributions Governmental

and Capital Assessments

Acrivities

Governmental Activities: General Government: Legislative and Executive Judicial System

ql 4nl 41R

s 31 7 , 8 4 0 62,730

490,694

s0

$0 0

0

(s2,084,598) (427,964)

Security ofPersons ald Properry: Police

5,282,303

651 4)4

Fire

1 g't4 595

495,329 18,029 53,39'7 3t,3'76

Transportation

t35,70? l,06s,090 236,405 737,700 3,322,800

Basic Utility Services

1 n)9, 14'7

Public Health Services Leisure Time Activities Communiry Development Buiiding Department

Swimming Pools hterest and Fiscal Charges TotaI G overnmenla I A ctivit ies

a4 {d1

98,837 3,200,213 I14,041 0

1 7 9 , 3l1 1 4A'7141

___-sn;12;2!_ ____!lJg42_

10 , 16 6 0 0 0 0 0 844,50 I 5 6 ,I 4 3 0 0

673,t'lI 0 0

(4,608,713) (3,439,266) (tt'l,673) (1,011,693) (l 85,024) (643,l 57) (2,379,462) 9 0 1, 2 8 0 (26s,270) (t,49'7 ,241)

$910.810

$693,I 76

(15,758,781)

0 0 0 0 20,005 0 t,

General Revenues Property Taxes Levied for: General Purposes Debt Service Capital Projects Other

P,,mncec

Income Taxes Levied for General Purposes

Rq q ? 1 4 4

Grants and Entitlements not Restrictedto Specific Progmms

? ?q) os1

Investment Earnings

t,0t4,924

Miscellaneous Total General Revenues Change i-nNet Assets tr-etAssetsBeginning ofYear - Restared(See\ore 3) ,\rel lsscrs End of I'ear See accompanvi:rgDotesto the basic financial statements

4,3r 8,695 456,9 13 546,I 89 250,978

220,9t6 l2 I 8,097,8 I ? ? On 1 1

42,866,683

s 4 5 . 2 0 54. 7 1

Citv of SouthEuclid,Ohio Slalctrtenlo/ .\ el -4s-iel-s D t ' c e n t b e3r1 2 0 0 7

Got'ernmental Activities Assets Equiry in PooledCashand CashEquivaients Cashand CashEquivalents Accounts In Segregated AccountsReceivable Receivable Intersovernmental PrepaidItems InventotY Materialsand SuPPlies IncomeTaxesReceivable ProperfyTares Receivable Receivable SpecialAssessments Investmentin Joint \/enfure A s s e t sH e l d I o r l ( e s a l e CaPitalAssets Nondepreciable DepreciableCaPitalAssets Tcttal.4.ssets Liabilities AccountsPaYable AccruedWages ContractsPaYable IntergovernmentalPaYable AccruedInterestPaYable DeferredRevenue NotesPaYable L o n g - T e r mL i a b i l i t i e s . Due Slithin One Year Due [n More Than One Year Total Liabilities Net Assets Investedin CapitalAssets'Net of RelatedDebt Restrictedfor: CapitalProjects Debt Sen'ice StreetMaintenance StreetLighting ServerMaintenance Other Purposes Unresrricted

sli.E86.17i 58 64.8 19.332 1.499,887 71.273 133,494 3 , 74 1, 1 2 6 ( 1q7 l?7

3.418,i33 161,901 18,i96.465 9.355,442 32.186,241 88.209,766

3l 1.040 394.692 2,041,624 709,658 903,425 5.016,121 1,800,000 1.491.173 t3 30.329.7 5l 43.004.0

53 . 6 6 2 28,8 \

/

notesto the basicfinancialstatements Seeaccompan)'ing

/

l f

/

1,205,795 6 i8 , 1 9 6 si 1 rqq

398,261 304.415 7.54t.936 c/\_

.\'et.4ssets Tr,ttal

1

2 0 5 .1i 4

Citl' of South Euclid, Ohio Statene til of Act iI i t i es fot tlte )ear Ended Decentber 31.2007

Net (Expense) Revenue and Changesin Proqram Revenues Charges for Sen,ices and Operating

Expenses

Assessments

Net Assets Capital Gra-nts,

OperatingGrants, Contributions andlnterest

Contributions and Capital

Governmental

Assessments

Activities

Govern metrtal Actirities : General Govemment: Legislarive and Executive Judicial System

s317.8.10 62,730

s2,402,43 8 490,694

$0 0

SO 0

(s2,084,598) (427,964)

0 0 0 0 20,005 0 0 673,17l 0 0

( 4 , 6 0 8 , 7)1 3 (3,439,266) (t7,6'13) ( r , 0 lr , 6 9 3 ) ( l 85,024) (643,ts7) (2,379,46?) 90i,280 (26s,2'.70) (l,49'l,241)

Security of Personsand Properry: Police Fire Public Health Services Leisure Time Activities Corrunrnity Development Building Department Transportation Basic Utility Services S*'imming Pools iaterest and Fiscal Charges ToI al Govern m en t o 1,4c'ti t'it i es

5,282,303 3,934,595 t35,702 1,065,090 236,405 731,100 3,322,800 3,028,24'1 3 7 9 , l31 |,497,241

3t,316 94,543 9 8 , 837 3,200,2r3 I14,041 0

10,166 0 0 0 0 0 844,501 s6,l ^13 0 0

s22,512,526

55.149,759

s9I0,8t0

661 A)A 445 1tA

l 8 , 0 29 51 1q7

(15,758,781)

General Revenues Property Taxes Levied for: General Purposes Debt Service a'nit'l nll^v(usr

Pr^ia.rc D..-^-^^ r uPusss

Ilcome Taxes Levied for General Purposes

R qg? ld4

Grants and Entitlements not Restricted to Specific Programs Investment Eamings

, tor ns1

Miscella-neous Total General Revenues Change i-nNet Assets Net AssetsBeginning ofI'ear - Restated(See Nctte31 Ner Assets End of Year See accompanving notes to the basic financial statements

4,318,695 456,9l3 546,I 89 250,978

I 014qla

220.916 I 8,097,8 I2

2,339,03 r 42,866,683 s45.205.7 I4

CiQ' of South Euclid, Ohio BalanteSheet Got'entntentulFunds D e t e n t , e r3 I : 0 0 i

Total

Other

General

Flood

Land

Control

Acquisition

Goverrur'rental Gor,ernmental Funds Funds -

Assets EqLriryin PooledCash and Cash Equivaients Cash and Cash Equivalents In SegregatedAccounts Materialsand SuPPlieslnventory Accounts Receivable lnterfr,rndReceivable Receivable Intergovernmental PrepaidItems l n c o m eT a x e sR e c c i v a b l e PropertyTaxesReceivable Investment in Joint \/enture AssetsHeld for Resale Receivable SpecialAssessments Total ,lsscts

Liabilities AccountsPal'able Accrued \\/ages Contracts PaYable intergovernmental Pa1'able lnterfund Payable Accrued IntereslPaYable Deferred Revenue Notes Payable I ulel LIalnl!ttl('.\

Fund Balances Reserved for Encumbrances Reservedfor AssetsHeld for Resale

s5,r38.357 58 61.8 2'7,'785 T8,612 12i.000 907.1 39 '77 .273 3 ; / 4 ' ,71 2 6 .1,t6t,437 16T,90'7 0 0

S804.5,19

q.l 611 11 I

0 0 t) 0 19.113 0 0 0 0 0 L233.,158

GeneralFund SpecialRevenueFunds Debt Sen'iceFunds Capital ProjectsFunds (Deficit) Total Furtd Balancc.s Total Liabilitres anciFund Balante:

0 0 0 0 0 0 0 0 0 9 6 , . 1 65 i 8.1 0

s ri , 8 8 6 , 4 7 5 6 4 . 858 i 33..19,1 19,3i? 125.000 1..199,887 '/"1.2'13

0 r0i,709 690 0 5i 3 , 0 9 5 0 0 1.135.690 0 0 I .184,675

3,14'7 ,126 ( 1Q7117

t6'7,907 18,196,465 3 . 4 1 83. 13

s46'793'077

s19.001.014s6,251,197 S 1 , 1 . 5 9 5 . 7 0 " 1 S 6 . 9 ' 1 5 ' 1 6 2__:---::-:-::-

s130.370 363,261 0 6l8.631 0 0 8 ,I 7 6 , 3 4 4 0

SO 0 1,950,787 0 0 0

9.288.612

J IRJ?J5

r.!6 ?1 l

0

l )111
0

80i,967 0

Unreserved Designatedfor CompensatedAbsences Undesignated.RePortedin:

s3.1il.i38

I 1.926

0

SO 0 0 0 0 2 . 16 0 0 1.800.000

s180,670 31 , 4 2 5 9 6 , 873 91.027 r2 5 , 0 0 0 0 2,859.1'72 0

s3l1.040 391.692 2.017,621 7 0 9 , 68s 125,000 2.160 13,268.974 1.800.000

r. 8 0 1 , 1 6 0

3.384.131

18.659.148

421.768 0

i.480.872 t8.196.46-s

4.416 r 8 ,r 9 6 . 4 6 5

0

5.048.4.15 0 0 0

I qi) qio

0 0 0 (1.001.0?7)

5 . 30 1 . 0 9 2

r.i60.917

17.198.854

0 0 0

S11.595.70'1 56.9'+5.162 S19'001'011

0 0 7 l 8 . li 6 7'76.932 9-;0.t50 2 . 8 6r .-0 6 6

I L926 5.048,4'15 7 1 8 .116 I . 9 0 .11 7 3 1 8 .i 3 3 , 9 1 9

56'251'197 516"793'0i1

City of South Euclid, Ohio Reconciliationof Total GovernmentalFund Balancesto l,let Assetsof GovernmentalActivities D e c e m b e3 r 1.2007

Total GovernmentalFund Balances

$ 2 8 ,313 , 9 2 9

Amounts reportedfor governtnentalactivities in the stutement of net assetsare different because Capital assetsused in governmentalactivities are not financial resourcesand thereforeare not reportedin the funds. Other long-term assetsare not availableto pay for currentperiod expendituresand thereforeare deferredin the funds: Properly Taxes IncomeTaxes SpecialAssessments Intergovernmental Investmentin Joint Venture

41,511.689

381 , 0 0 0 1 0656s7

3,41 8,133 1,220,150 161,907

Total

8,252,847

[n the statementof activities,interestis accruedon outslanding bonds,whereasin governmentalfunds, an interest expenditureis reportedwhen due. Long-term liabilities are not due and payable in the current period and thereforeare not repofted in the funds: CompensatedAbsences GeneralObligation Bonds Notes Payable SpecialAssessment Bonds OPWC LoansPayable OWDA Loans Payable CapitalLeasesPayable Police and Fire PensionLoan

(901,265)

(1,290,454) (8,842,976) ( 17,000,000) (305,000) (1,747,096) (1,974,401) (356,546) (315,023)

Total

( 31 , 8 2,14 8 6 )

Net Assetsof GovernmentalActivities

$45,205,714

Seeaccompanyingnotesto the basicfinancialstatements

Citl' of SouthEuclid,Ohio Statonterl of Revenues,Etpenditures and Changes in Fund Bctlances GoventmentalFunds For the ]'eor EndedDecember. i l. 2AA7

General

FIood Cont'ol

Land Acquisition

Revenues ProperryTaxes Ircome Taxes SpecialAssessments Intergovemmental lnter€st Fees.Licensesand Permrts Fines and Forfeinrres Rentals Chargesfor Sen'ices Other Total Ret,ettues

s4,263,111 8.61 1,233 0 2 ,r 7 3 , 8 9 5 1,014,921 105,520 546,022 620,707 415 q4' / J J . I J l

18,267.551

SO 0 2.211,195 6 7 3 , 117 0 0 0 0 0 I 6,001

SO 0 0 0 0 0 0 0 0 I 1.41 8 _

2,903.367

Other

Total

Governmental

Governmental

Funds

Funds

s1,237,9t5 0 805,64 I I , n 8,59,1 0 I I, 1 3 5 |,226 0 l5 I ,402 60,297 3,386.210

s5,501,086 8,614,233 3 , 0l 9 , 8 3 6 3.965.660 1,014,924 416,655 547,218 620,707 587,344

24,568,609

Expenditures Clurrent: GeneralGovemment: L e g i s l a t i v ea n d E x e c u t i v e JudicialSystem SecurityofPersons and property: Police Fire Public Health Services LeisureTime Activities Communitv DeveIopment Building Deparrment Transportation Basic Utiliry Services Swimming Pools Capital Outlay

2.378,7 t"l 472,870

0 0

o 0

1,961,677 3 , 7 1,76 9 2 135,702 400,970 236,405 714,860 I,085,300 |,272,411 0 0

0 0 0 0 0 0 0 0 0 7,'752,128

0 0 0 0 0 0 0 0 0 448,678

5 , 9 7|

497,57 .1

0 73.326

8 n,976

8,467.108

522.001

i 6n7qAs

(510,523)

(2.221 .755)

Debt Service: P;n.ih.l

Pari.^---,

Interest and Fiscal Charges Total Erpenditures E,rcessof RevenuesOt er (Ltnderl Erpenditures Other Financing Sources(Uses) Sale of CapitalAssets Bond AnricipationNote Issued OtrDA Loan Proceeds

l-i,399.154

2.868,397

(,5,563.741)

, n{) 171

Tralsfen Out

7,468 0 0 0 0.625.s17)

Total OrherFinancing Sour<.es (L'ses1

(1,618.079)

2.052.371

Transfers I-n

0 0 0 0

.\'et Change in Fund Bolantes

1 . 2 5 0l.83

(3,5 r1,370)

FunclBtlant es Beginnirtgu{ }'eat.

1.056.774

6.272.281

Fund Balances(Defiri0 End o{ }-ear

5,257 0

s5.307.092

See accompanyingnotesto the basic financial statements

5 2 . ? 6 0I.79

| 51,727 I 50,076 0 0 0 0 1 l 5 l 7 l 1

l,008,309 298,761 I,813,330

2,383,971 472,870 5 , It 6 , 4 C 3,867 ,768 t35,702 400,970 236,405 714,860 2,237,033 2,280,720 298,76l 10,014,436 | , 3 t5 , 5 2 4 520,804 I "o 096,23

(5.427,6221

0 I ?,000.000 0 0 0

0 0 0 I,650,517 (2s,000)

7,468 I 7,000,000 2,052,371 1,650,517 ( r .650,547)

17.000.000

I.625.,s47

I 9.059,839

| 6,489 .177

(5e6,208)

13,632,217

709,377 ! l 7 . 19 8 . 8 5 1

3.463,271 52.867,066

I ,1,501 .712

s28.133,929

h & & & D g I I I

o o I

t I t t t \

t q

t

n \

t

n t g|

{

I tl

E rf \

1 4

a a 1 a e a

Cig of SouthEuclid, Ohio Reconciliation o.f the Starententof Revenues, Expettdirn'es and Changes in Fund Balances of Governntental Funds to the Sratement of .4ctir.,ities For the \'ear Ended Decernber 3 L 2A07

Net Changein Fund Balances- Total GovernmentalFunds

s 1 3 , 6 3 2l 7. :

Antounts reportedfor governntentalactilities in the statenrcntof activities are different because Governmentalfirndsreportcapitaloutlaysas expenditures.However, in the statementof activities,the cost of thoseassetsis allocatedo\.ertheir estimateduseful lives as depreciationexpense.This is the amountby which capitaloutlay exceededdepreciationin the currentperiod. CapitalOutlay Depreciation

9,0'76,346 (1,6'7 6,119)

Total

7,400,227

Govemmentalfi.rndsonly reportthe disposalof capitalassetsto the extent proceedsarereceivedfrom the sale. ln the statementofactir.itiesof acti\-ities,a gain or loss is reportedfor eachdisposal.

(80,627)

Revenuesin the statementofactivities that do not providecurrentfinancial resourcesare not reported as revenuesin the funds. Properry Taxes lncome Taxes lntergovemmental SpecialAssessments lnvestment in Joint Venture

71,689 1?1ql I

(89,626) (9,s87) (12,439)

Total

282,948

Repay,rnentof principal is an expendirurein the governmentalfunds, but the repaymentreduceslong-termliabilitiesin the statementof net assets. Someexpensesreportedin the statementofactivities do not requirethe the use ofcurrent financial resorucesand thereforeare not reoorted as expendituresin governmental firnds. AccruedIntereston Bonds Amortizationof Premium Bond Accretion

1,315,524

(869,499) I ?ql

( I 08,230) (976,437)

Total Someexpenses,suchas compensatedabsences, do not requirethe use of cufient financialresourcesand thereforearenot reportedas expenditures in the govemmentalfunds. Other financingsourcesin the govemmentalfirndsincreaselong-term liabilities i:r the statementof net assets. Proceeds of OWDA Loans Proceeds ofNotes Total Chanqein \et .lsrptrnf Got,ernmental .4ctirities Seeaccompanyingnotesto the basic financialstarements

( 182,450)

(2,052,371) ( i7,000,000)

(1 9 , 0 5 2 , 3 7 1 )

s2,339.03 r

Citr of SouthEuctitl,Ohio Statunent of Ret'ettrras,E.rps2d11Ltr.,crncl Cltcrttgcs / t t F n n r l B u l c t n c c- B u t l g e i r . \ ' o n - G . 1 , 4 pB u s i . l and ..lttua! Oeneral Fund For the )'eur It16ig/ pr,ccnther j ], i-0():

Revenu es Propern'Taxes lncome Taxes Lntereoyernntental Interest F e e s ,L i c e n s e s a n d p e r n r i t s Fines and Forfeirures Rentals Charges for Sen.ices Other Total Rcvenut'.r

Onsinal

Final___.--

33,r'79,036 j.478,69?

Varianceq'ith FinalBudeer Posirir.e Aiesatir,e)

Actual

s 3 . 7 8 0 . 7I 6 7,481,103 I , 9 18 . 2 1 9 78'7.760 334.5 I8 4 76 . 8 1 7 s53.607 393,668 I l_i.I 92

S : 1 . 1 6 37.l1 8..{36,791 l, I61,988 888,275 3 /-1,201

15.84-i.J87

I-s85:.715

17,867,99)

_ - * 1 , 0I 5 , 1 7 8 _

4,I88,094 j04,996

1 , 8t 0 . 8 4 4 507,796

2.456,783 4i3.4A9

154,'

5,277,t63 3,928,217 141,575 707,469 296,349 8$,s22 1,231,s32 1.347,800

4,983,319 3,725,905 139,556 4 1 4 ,l I3 270.47 6 7 8 1, 7 1 8 l, I05,122 1.331.10'7

293,841 1 0 2 , 3l 2 4 , 0l 9 293,3s6

I,917,355 787.401 I34.36:< 1i 6.660 s5t151 391.489 lls lls

i l7 71S

6?1,245 443,899 133.698

s482.1 I0 9 5 4 , 688 1JJ 7iO

100.5i5 1 2 , 6 83 60,818 70,63 8 50,231 8,_506

Expenditures Current: General Goyemnteni; L e e i s l a t i v ee n d E x e c u r i v e Judicial Svstem Securiry ofPersons and propeni.: Police Fire Public Health Senices LeisureTime Aoivities Communiq' DeveIopnrent Building Deparrmenr Transponation Basic Uriliq'Sen'ices Total Erpenditut.i,.s E.rr css of /16'r,gnut';Ot t,r ( L'nclcr.)Etlt,,ttdirtrrcs

,5,236,363 3,889,717 t_13.575 7 0 5 , 31 9 219,1?5 699,122 1,197,132 r . 3 l1 . 8 0 0 18.165.:{3

17.094.267

(r.319.756)

r I . 2 . r{ . 5 5 l , r

I S 6Rs 01R

J+,J o /

15 R7?

6 t , 7 74 I 2 6 , 2l 0 13.391 I dno 1"e

2 .I 8 1 . 9 5 5

3,421,s07

O t h e r F i n a n c i n g S o u r c e s( t s e s ) Saleof Capital Assets

0 0

(I.520,547) ( I , 5 1 6t .l 4 )

( I , 7 1 8 . 0 7) 9

( 2 . 3I 5 , 32 4 )

( ? , 75 7. 6 6 6 )

J 5 J R 7 6

4 .l 9 - i . g l 2

4 .1 9 , s . 8 1 2

Transfers In Transfers Out

{.+J i

Total Otht't Finuttttng Snru.rc-i /L.lc.r.i \et Chutrge in Fund Bctlcrnte Fttrtd Bultrnce Begittrt rng o..i)'ettr Prior Year Encumbrances Appropriated Func/ Balance Enci oi I'cctr. S e e a c c o m p a n v i n gn o r e s t o t h e b a s i c financialstatemenrs

0 0 .1.43i

7.1168 7.468 (t 10,000) (110,000) 0 (1,433) (1.615.5-17) {105.0007

Advances Out

I 1J Qir

-l:.q9:$!_

I

/?l I Q6i1

? r l l i r a

IQS l1l

n

r f r oia

_i!tqJ!!_

__ti-A!!g_

_lll]-]J:_

Citl' of South Euclid, Ohio Statementof Fiduciary Assetsand Liabilities AgencyFund December31, 2407

Assets Equiryin PooiedCashand CashEquivalents

s1,188,673

Liabilities DepositsHeld and Due to Others

$1,188.673

Seeaccompanyingnotesto the basicfinancialstatements

City of South Euclid, Ohio Notes to the Basic Financial Stalements For The YearEnded December31. 2007 Note I - Description of the CifS' and Reporting Entity The Cirl"of SouthEuclid (the "Ciry") is a home rule mr.rnicipal corporationestablished underthe lau,sof the State of ohio u'hich operates under its oun Chafter. The .u.r.nt Charter, u'hich pror,ides for a mayor-councilform of government,\^'asadoptedNovember 3, 1953. Legislativeauthority is vestedin a seven-member Council. Councilmembersare electedfor staggeredfour year terms. The Mayor is the chief executiveand adminisfrativeofficer u'ho is electedfor a four year renn. Reporting Entity A reporting entily is comprisedof the pnmary govemment,componentunits and other organizations that are included to ensure that the financial statementsare not misleading. The primary government of the Crty consistsof all funds, deparfments,boards and agenciesthat are not legaliy ,.purui. from the City. For the City of SouthEuclid this includesthe agenciesand deparfmentsthat ihe fo1owing services:police frovide and fire protection,parks and recreation,planning,roning, streetmaintenanceand repair, refusecollection, municipal couft and general administrative sen ices. The City's deparfmentsinclude a public safety deparfment,a public servicedeparfment,a street maintenancedepartment,a sanitatron system,a parks and recreation department, a planning and zoning deparlment and a staff to provide support (i.e., payroll processing,accountspa1'able,and revenuecollection)to the serviceprovideis. The operationof.uch of theseactivitiesand entitiesis directly controlledby the City Council throughthe budgetaryprocess. -he clerk of coufts is an appointed City official u,ho has a hduciary r.tporiribility for the collectior ^d distributionof the court feesand fines.

Componentunits are legally separateorganizationsfor u,hich the City is frnancialiy accountable. The City is financially accountable for an organization if the City appoints a voting ma;ority of the organization,s governing board and 1) the City is able to significantly influence the p.og.u-, or servicesperformed or providedby the organization;or 2) the City is legally entitledto or can otherwise accessthe organization,s resources:the City is legally obligatedor has otheru'iseassumedthe responsibility to finance de-ficitsof, or provide financial support to' the organization. Component units -uy ulro include organizationsthat are fiscallydependent on the Citv in that the Cirv approvesthe budset. --o--' the issuanceof rJehtnr vr the r^rwIpr'i.tlv)rrr. of taxes.The ciry hasno component units. The City is associatedwith six organizations: one sharedrisk pool, tw,ojoint venturesand three definedas jointly governedorganizations.The NorthernOhio Risk Management Associationis a sharedrisk pool. The joint ventures are the Tri-Ciry Consortium on Aging and the South Euclid-Lyndhurst i..r.u,lon Commission' The NortheastOhio Public Energy Council, the First SuburbsConsortium of NortheastOhio Council of Govemmentsand the Heights Area Special RescueTeam are jointly governed organizations. Theseorganizations arepresentedin Notes9, 19 and 20 to the basicfinancialstatements. Note 2 - Summary of Significant Accounting policies The financiai statementsof the City of South Euciid have been preparedin conformity with generally acceptedaccounting principles (GAAP) as applied to local governmental units. The Governme,tal AccountingStandardsBoard (GASB) is the acceptedstandard-setting body for establishinggoverrrm I accountingand financialprinciples. The Cir.valso appliesFinancialAccounting StandardsBoard (FASB) Statements and Interpretations issuedon orbefore November30. 1989,to its go'iernmentalactivitiesunless thosepronouncements conflict ri'ith or contradictGASB pronouncements.The more significantof the City's accountingpoliciesare describedbelow.

City of South Euclid, Ohio l{otes to the Basic Financial Statements For The YearEndedDecember31.2007 A. Basisof Presentation The Ciry's basic financial statementsconsistof government-wide statements,including a statementof net assetsand a statementof activities. and fund firnancialstatements. which provide u ,oo.. detailed rever of financial information. Government-wideFinancial statements The statementof net assetsand the statementof activities display informafion about the city as a whole. These statements include the financial activities of the primary government'except for fiduciary funds. Thesestatements usually distinguishbetweenthose activitiesof the city that are goverrlmentaland thosethat are consideredbusiness-type. The city, however,has no businessqpe activities. The statementof net assetspresentsthe financialcondition of the governmentalactivities of the city at yearend' The statementof activities presentsa comparison betweendirect expensesand program revenuesfor each program or function of the city's governmental activities. Direct expenses are those that are specifically associatedwith a service,piogru* or department and thereforeclearly identifiable to a particular function' Program revenuesinclude paid by the recipient of the goods'or.,.*i.., offered by the program' grants and contributionsthat"nuig.r are restrictedto meeting the operatilnal or capital requirements of a parricular program and interest earnedon grants that is .equir.i to be used to support a particular program. Revenueswhich are not classifiedas program revenues are presentedas general^revenues of the city, with certain limited exceptions' The comparisonof direct expense's with program revenuesidentifiesthe extent to which eachgovernmentalprogram is self-financing or aiu*, rrorn thi generalrevenuesof the city. Fund Finunciul statements During the year, the city segregatestransactions related to certain ciry functions or activities in separateLtttat in order to aid finJncial managementand to demonstratelegal compliance' Fund financial statementsare design"a to p.eseni nnunciat information of the city at this more detailedlevel' The focus of govemmentalfund financial statementsis on major funds. Each major fund is presentedin a separatecolumn' Nonmajor funds are aggregateJandpresent.d in u single column. Fiduciary funds are reportedby type. B. Fund Accounting The city uses funds to maintain its financiar records during the year. A fund is defined as a fiscal and accounting entity with a self balancing set of accounts. The city,s funds are classified as eitner governmentalor fiduciary. Governmental Funds Governmentalfunds are thosethrough which most governmental functions are financed. Governmentalfund reporring focuseson the sources'uses and balances of current financial resources. Expendableassetsare assignedto the various goverrrmentalfunds according to tt. fu.poses for which they may or must be used. current liabilities are assigned to the fund from *hl.h they will be paid. The difference berween governmentalfund assetsand liabilities is reported as fund balance. The following are the city's major governmentalfunds: General Fund - The general fund accountsfor all financial resourcesexcept those requiredto be accountedfor in another fund. The general fund balanceis available to the City for any purpose provided it is expendedor transfenediccording to the charter of the City of South Euclid and./oithe generallaws of Ohio.

City of South Euclid, Ohio Notes to the Basic Financial Statements For The YearEndedDecember31.2007 Flood Control Fund - The flood confrol fund accountsfor specialassessments levied to completr projectsto correctfloodingq,ithin the City. Land Acquisition Fund - The land acquisition fund accounts for resourcesset aside for futurr economicgro\\th development. The other goverrrmentalfunds of the City accountfor -rrantsand other resourcesu,hoseuse is restrictedto e particularpurpose.

Fiduciary Funds Fiduciary fund reporting focuseson net assetsand changesin net assets. The fiduciary fund category is split into four classifications:pension tru.stfunds, investment trust funds, private-purpose hust funds and agency funds. Trust funds are used to account for assetsheld by the City undei a Lusr agreementfor individuals. private organizations,or other governmentsand are therefore not available tc suppolt the Ciry's o\ rn programs. The City has no hust funds. Agency funds are custodialin nafure(assets equalliabilities)and do not involve measurement of resuitsof opeiations.The City's agencyfund accounts for constructiondeposits. C. Measurement Focus Government-wide Financial Stotements

The govemment-u'idefinancial statementsare preparedusing a flow of economic resources fil€.SUr€rrrefl focus. A11assetsand all liabilitiesassociated with the operationof the City are includedon the Statementof Net Assets. The Statementof Activities presentsincreises(i.e.,revenues)and decreases (i.e., expenses)in total net assets. Fund Financiol Ststements Ail governmental funds are accountedfor using a flow of current financial resources measurementfocu With this measurementfocus, only current assetsand current liabilities generallyare included on the balanc sheet. The statementof revenues,expenditures and changesin fund balancesreportson the sources(i.e.,revenues and other financing sources) and uses (i.e., expendituresand other financing uses) of current financial resources. This approachdiffers from the marulerin '*'hich the governmentalactivities of the governmentwide financial statementsare prepared. Governmental fund financial statements therefore include a reconciliationu'ith brief explanationsto bener identify the relationshipberween the govemment-wide statementsand the slatementsfor governmentalfunds. D. Basisof Accounting Basis of accounting determineswhen transactionsare recordedin the financial records and reportedon the financial statements. Government-widefinancial statementsand the statementfor the fid".;t furl; ;.. prepared using the accrual basis of accounting. Governmental funds use the modified accrual basis of accounfing.Differencesin the accrualand modified accrualbasisof accountingarise in the recognitir rf revenue'the recordingofdefened revenueand in the presentation ofexpenr., u.iru, expenditures.

City of South Euclid, Ohio Notes to the Basic Financial Statements For The YearEndedDecember3 I, 2007 Revenues- Exchonge and Nonexchange Transactions Revenueresulting from exchangetransacfions,in which each party gives and receives essentially equal value, is recorded on the accrual basis u'hen the exchangetakis place. On a modified accrualbasis,revenueis recordedin the year in u'hich the resourcesare ..ururubl. andbecome availabie. Available meansthat the resourcesu'ill be collectedwithin the current year or are expectedto be collectedsoon enoughthereafterto be used to pay liabilities of the current year. For the City, availablemeansexpectedto be receivedrvithin thirry-onedaysof year-endNonexchangeffansactions,in which the City receivesvalue without directly giving equal value in return, include income taxes,propeny raxes,grants,entitlementsand donations. On an accrualbasis,revenuefrom income taxes is recognized in the year in which the income is earned. Revenue from property taxes is recognizedin the year for which the taxes are levied (See Note 7). Revenuefrom grants,entitlementsand dona-tionsis recognized in the year in which all eligibility requirementshave been satisfied. Eligibility requirementsinclude timing requirements,which specify the year when the resourcesare requiredto be used or the year when use is first permitted, matching requirements,in which the City must provide local resourcesto be used for a specified purpose, and expenditure requirements,in which the resourcesare provided to the City on a reimbursementbasis. On the modified accrualbasis, revenuefrom nonexchange transactionsmust also be availablebefore it can be recognized. Under the modified accrual basis, the followrng revenue sourcesare consideredto be both measurableand availableat year-end:income tax, state-leviedlocally sharedtaxes(including gasolinetax and motor vehicle ticensefees),fines and forfeitures,interest,gtantsand rentals. Deferred Revenue Defened revenueariseswhen assetsare recognizedbefore revenuerecognition criteria have been satisfied. property taxesfor which there is an enforceablelegal claim as of December31,2007, but which were levied to dnance year 2008 operations,have been recordedas deferredrevenue. Grants and entitlementsreceived before the eligibility requirementsare met are also recordedas deferredrevenue' On govemmentalfund financial statements,receivablesthai will not be collected*'ithin the availableperiod have alsobeen reportedas deferredrevenue. Expenses/Expenditures On the accrual basis of accounting,eKpensesare recognizedat the time they are incurred. The measurementfocus of governmental fund accounting is on decreasesin net financial resources (expenditures)rather than expenses. Expendituresare generally recognized in the accountingperiod in which the related fund liability is incurred, if measwable. Allocations of cost, such as depreciationand amortization,are not recognizedin governmentalfunds. E. Cash and Cash Equivalents To improve cash management,cashreceivedby the City is pooled. Monies for all funds are maintainedin this pool. Individual fund integrify is maintainedthrough Ciry records. Interestin the pool is presentedas "equity in pooledcashandcashequivalents." The City has segregatedbank accountsfor monies held separatefrom the Ciry's cenffal bank account. These Accounts"sincethey arenot depositoryaccountsare presentedas "Cashand CashEquivalentsin Segregated requiredto be depositedinto the City treasury.

Cig' of SouthEuclid,Ohio Notes to the Basic Financial Statements For The Year Ended December 3l, 200i

Durin-ethe year, the City investedin federalhome loan mortgagecorporationnotes.federalhome loan bank bonds. federal national moftgage associationnotes and repurchaseagreements.Investmentsare reportedat fair value which is based on quoted market prices, u,ith the exception of nonparticipating repurchase agreements,u,hich are reportedat cost. Follou'ing the Charter and Codified Ordinancesof the City as weli as Ohio statutes.the City has. by resolution,specifiedthe funds to receivean allocationof interestearnings. Interestis distributedto the generalfund. Interestrevenuecreditedto the generalfund during 2007 amountedto $1,014,924,which includes$659,418 assignedfrom otherCity funds. Investmentswith an original maturity of three months or less at the time of purchaseand investmentsof the cashmanagement pool arepresentedon the financialstatements as cashequivalents. F. Prepaid ltems Paymentsmadeto vendorsfor servicesthat will benefitperiodsbeyondDecember37,2007, are recordedas prepaid items using the consumptionmethod by recording a current assetfor the prepaid amount at the time of purchaseand reflecting the expenditure/expense in the year in which the servicesare consumed. G.Inventory Inventories are presented at cost on a first-in, first-out basis and are expended/expensedwhen u Inventoryconsistsof expendablesuppliesheld for consumption. H. AssetsHeld for Ressle Assetsheld for resalerepresentland purchasedby the City u'hich u,ill be sold for developmentpurposes. This amountis offset by a fund balancereserveon the governmentalfund financial statements. I. Copitol Assets The City's only capitalassetsare generalcapitalassets.Generalcapitalassetsare capitalassetswhich are associatedwith and generally arise from governmentalactivities. They generallyresult from expendituresin the governmentalfunds. General capital assetsare reported in the governmentalactivities column of the government-u'idestatementof net assetsbut are not reporledin the fund financial statements. Ali capital assetsare capitalizedat cost (or estimatedhistorical cost) and updated for additions and retirementsduring the year. The Ciry was able to estimatethe historical cost for the initial reporting of infrastnrcture by backtrending (i.e.. estimating the current replacement cost of the infrastmcture to be capitalizedand using an appropriateprice-levelindex to deflatethe cost to the acquisitionyear or estimated acquisitionyear). Donatedcapitalassetsarerecordedat their fair marketvaluesas of the datereceived.The City maintains a capitalization threshold of tu'o thousand five hundred dollars. Improvements are capitalized:the costsof normalmaintenanceand repairsthat do not add to the value of the assetor materially extendan asset'slife are not.

City of South Euclid, Ohio Notes to theBasic Finoncial Statements For The YearEndedDecember31.2007 Ail capital assetsare depreciatedexcept for land. Improvementsare depreciatedover the remaining useful lives of the relatedcapitalassets.Useful lives for infrastmcture\\/ereestimatedbased onthe City's historical records of necessaryimprovements and replacement. Depreciation is computed using the str-aight-line methodover the follou,ins usefullives: Descnption Improvements Vehiclesand Eouioment Streets Bridges,Sewers,Culvertsand Waterlines Traffic Sisnals

EstimatedLives

)0 years 20 years 10years 30 years 60 years 50 years

The City's infrastmcture consists of streets,bridges, sewers, culverts, waterlines and traffic sisnals and includesinfrastructureacquiredpnor to December3 I , 1980. J. Interfund Balunces On fund financial statements,receivables and payables resulting from short-term interfund loans are classifiedas "interfund receivables/payables." Theseamountsare eliminatedin the govemmentalactivities ;olumn of the statementof net assets. K. CompensatedAbsences Vacation beneltts are accrued as a liabiiity as the benefits are earned if the employees'rights to receive compensationare attributable to services aiready rendered and it is probable that the employer will compensatethe employeesfor the benefitsthrough paid time off or some other means. The City recordsa liability for all accumulatedunusedvacationtime rvhen earnedfor all employeeswith more than one year of serv'ice. Sick leave benefits are accruedas a liability using the vesting method. The liability includesthe employees who are currently eligible to receiveterminationbenefits and thosethat the City has identified as probabieof receivingpayment in the future. The amountis basedon accumulatedsick leaveand employeervageratesat year end taking into considerationany limits specified in the City's terminationpolicy. The City recordsa liability for accumulatedunusedsick leave for all employeesafter sevenyearsof iccumulated service. L, Accrued Liabilities and Long-Term Obligations All payables,accruedliabilities and long-termobligationsare reportedin the government-widefinancial statements. In general, governmental fund payables and accrued liabilities that, once incurred, are paid in a tirneiy manner and in full from current financial resources,are reported as obligations of the funds. However, claims and judgments, compensatedabsencesand confractuallyrequired pension contributionsthat will be 'aid from governmentalfunds are repofied as a liability in the fund financiai statements only to the extent ihat they are due for payment during the current year. Bonds and long-term loans are recognized as a liabilify on the governmentalfund financial statementsq'hen due.

City of South Euclid, Ohio Notes to the Basic Finar.tcialStatements For The YearEndedDecember31, 2007 ll[. Fund Balance Reservesand Designations

The City resenfesthoseportions of fund balancei,r,hichare legally segregatedfor a specific fufure use o w'hichdo not representexpendableresourcesand thereforearenot availablefor appropriationor expenditure Fund balancereserveshave been establishedfor encumbrances and assetsheld for resale. Deiigaation: representtentativeplansfor futureuseof financialresources.The City hasbegunaccumulatingresoiirces fo: the paymentof severanceand vacation. A portion of the generalfund balancehas been designated fo: compensated absences. N. Net Assets

Net assetsrepresentthe differencebetu'eenassetsand liabilities. Net assetsinvestedin capitalassets. net ol relateddebt consistsof capital assets,net of accumulateddepreciation, reducedby the ouirtu.rdingbalances of any borrou'ingused for the acquisition,constructionor improvementof those assets. Net assetsare reportedas restrictedtvhen there are limitationsimposedon their use eitherthroughenablinglegislation or through externalrestrictionsimposedby creditors.grantorsor larvs or regulationsoiother goui*ri.ntr. The government-widestatementof net assetsreports$8,810,116of restnctednet assets.none of u,hich is restrictedby enabling legislation. Net assetsrestricted for other pu-rposesinclude resourcesrestricted for sr.vimming pools,law enforcementandparkinglots and metersmaintenance. The City appliesrestrictedresourceswhen an expenseis incurred for purposesfor rvhich both restricte- and unrestricted net assetsare available. O. Internal Activi4, Internal eventsthat are allocationsof overheadexpensesfrom one function to anotheror within the same function are eliminatedon the Statementof Actir,tiei. Interfi.rndpaymentsfor servicesprovided and used are not eliminated. Exchange rransactions between funds are reported as revenues in the seller funds and as expenditures/expenses in the purchaserfunds. Flou,s of cash or goods from one fund to another without a requirement for repayment are reported as interfund transfers. Interfund transfers are reported as other financing sources/usesin governmental funds. Repayments from funds responsible for particular expenditures/expenses to the funds that initially paid for them are not presentedon the financial statements. P. Bond Premiums On the government-widefinancial statements,bond premiums are deferredand amortized over the term of the bondsusingthe straightline method. Bondp..*i,r-, arepresentedas an increaseof the face amountof the generalobligationbondspayable. on fund financial,tut.rn.ntr. bond premiumsarereceipted in the year the bondsareissued. Q. Extraordinary' and Special ltems Extraordinaryitems are ffansactionsor eventsthat are both unusual in nature and infrequent in occur. .e. Special items are transactionsor eventsthat are within the control of the Citv Administration and that are eitherunusuaiin natureor infrequentin occurrence.

City of South Euclid, Ohio Notes to the Basic Financial Statements For The YearEndedDecember31. 2007

R. Estimates The preparationof the financial statementsin conformity u'ith generally acceptedaccounting pnnciples requires managementto make estimatesand assumptionsthat affect the amountsreported in the financial statementsand accompanyingnotes. Actual resultsmay differ from those estimates. S. Budgetay' Process All funds. exceptagencyfunds, are legally requiredto be budgetedand appropriated.The Stanhopeparking lot capitalprojectsfund was not budgetedsinceno activity was anticipatedand none occurred. The major documents prepared are the tax budget, the certificate of estimated resources,and the appropriations resolution, all of which are prepared on the budgetarybasis of accounting. The tax budget demonstratesa need for existing or increasedtax rates. The certificate of estimatedresourcesestablishesa limit on the amount Council may appropriate. The appropriationsresolution is Council's authorization to spend resourcesand sets annual limits on expendituresph.rsencumbrancesat the level of control selectedby Council. The legal level of control has been established by Council at the object level for all funds. The FinanceDirector hasbeen authorizedto allocateappropriationswithin the objectlevel within each fund. The certificateof estimatedresourcesmay be amendedduring the year if projectedincreasesor decreasesin revenue are identified by the Finance Director. The amounts reported as the original and final budgeted amountson the budgetarystatementsreflect the amountson the certificate of estimatedresourcesu'hen the original and final appropriationswere enactedby Council. The appropriation resolution is subject to amendment throughout the year with the restriction that appropriationscannot exceedestimatedresources. The amountsreported as the original budgetedamounts reflect the first appropriation resolution for that fund that covered the entire year, including amounts automatically carried forward from prior years. The amounts reported as the final budgeted amounts representthe final appropriationamountspassedby Council during the year.

Note 3 - Change in Accounting Principles and Restatement of Prior Year Net Assets A. Changes in Accounting Principles For 2007, the City has implementedGovernmentalAccounting StandardsBoard (GASB) StatementNo. 45, "Accounting and Financial Reporting by Empioyers for Post-employmentBenefits Other Than Pensions" GASB StatementNo. 48, "Sales and Pledgesof Receivablesand Future Revenuesand Intra-Entity Transfers of Assetsand FutureRevenues".and GASB Statement No. 50. "PensionDisclosures". GASB Statement No, 45 improves the relevance and usefulness of financial reporting by requiring systematic, accrual-basismeasurementand recognifion of OPEB costs over a period that approximates employees' years of service and providing information about actuarial accruedliabilities associatedwith OPEB and u,hetherand to what extent progressis being made in funding the plan. An OPEB liability at transition was determined in accordanceu,ith this Statement for both the OPERS and the OP&F postemploymenthealthcareplans in the amount of 547.655and $120,442,respectively,which are the sameas previously reportediiabilities.

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City of South Euclid, Ohio Notes to the Basic Financialstatements For The YearEnded December3l, 2007

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GASB statementNo' 48 addresses ho',r'to accountfor the exchangeof an interestin expectedcash from collectingspecificrece.ivables or specificfuture .eu.nues-forimmediate cashpayments. The stat( establishedcriteria used to determine w"hetherthe transactionshould be recorded us ..uenue or as a lie borrowing).

,t;ffiffi,"r11"ff:l'iJd

Theimplementation oithisstatement didnotresuttin anychar

GASB statementNo' 50 requiresemployers contributingto def,rned pensionplans to include the re6 contractualmaximum conrributionrates in the notes to th! financial stitementr. th. rmprementationo statementdid not resultin any changeto the financialstatements. B. Restatementof NetAssets During 2007' it was d.eigrminedthat capital leaseswere understatedand capitar assetswere overstated..l restatementshad the folrowing effect on net assetsas they were previouslyrepofted. Governmental Activities Net AssetsDecember31,2006

$43,333,070

CapitalLeases

(176,666)

CapitalAssets

(289,121)

AdjustedNet Assets,December31,2006

$42,866.683

Note4-FundDeficits Fundbalances at December 3l , 2007,includethe followingindividual funddeficits: Deficit Fund Balance Special Revenue Funds; Operation Home Improvement

Fire PensionFund PolicePensionFund

$41,444 1g,gg0 1g,g7g

The special revenue funds, deficits are causedby the recognition of expenditures on the modified accr basis.ofaccounting. The generalnrna isliaUte for any deficits in thesefunds and provides transferswl cashis required,not.*,heniccruals occur,

Note 5 - Budgetary Basisof Accounting

while reportingfinancialposition,results of operations, and changesin fund balanceon the u_-,s generallvacceptedaccounring principles th. il;;;;ry bas*is as providJ by raw is basedup accountingfor certainttansatfionson fctAp)a a basisol cash;;;tr, disbursements, and encumbrances.T Statement of Revenues, Expenditw.,unJchangesi;;;"&;irnce Budget (|.{on-Ge,1p Basis)andAcru for thegeneralfund is presented on thebudgetafu uuri, to p.*id. u m.uningfur comparison with thebudget'Themajordifferences of actuarresu. u.*'..n ih. urog.i uasisandtheGA,{]) basisareasfollo*,s:

City of SouthEuclid,Ohio Notesto theBasicFinancialStatements For TheYearEndedDecember 31,2007 l.

Revenuesare recordedu'hen receivedin cash (budget)as opposedto rvhen susceptibleto accrual(GAAP).

2.

Expendituresare recorded rvhen paid in cash (budget) as opposedto ',r'henthe liabiliry is incurred fGAAP).

3.

Encumbrancesare ffeated as expendituresftudget) rather than as a reservation of fund balance(GAAP).

4.

Investmentsreportedat cost (budget)ratherthan fair value (GAAP).

5.

Advances-Outare operatingffansactions(budget)as opposedto balancesheettransactions (GAAP).

6.

Unrecordedcash representsamountsreceived but not reportedby the City on the operating statements(budget),but which is repor-tedon the GAAP basisoperatingstatements.

The adjustmentsnecessaryto conveft the results of operationsfor the year on the GAAP basisto the budget basisfor the generalfund are as follows: Net Changein Fund Balance General GAAP Basis Net Adjustment for RevenueAccruals Beginning Fair Value Adjustment for lnvestments Ending Fair Value Adjustment for lnvestments Beginning UnrecordedCash Net Adjustment for ExpenditureAccruals AdvancesOut Encumbrances Budset Basis

$I , 2 5 0 , 3 1 8 (2't2,879) r.095 (t27,'t44) (30) 49,0lg (1i0,000) (334,963) $454.876

Note 6 - Deposits and Investments Statestatutesclassify moniesheld by the City into thesecategories. Active depositsare public depositsnecessaryto meet current demandson the treasury. Such moniesmust be maintainedeither as cash in the City treasury,in commercial accountspayableor u'ithdrau,ableon demand, including negotiableorder of u,ithdrawaltNOW) accounts,or in money market depositaccounts. Inactive depositsare public depositsthat Council has identified as not requiredfor use within the current five year period of designationof depositories. Inactive depositsmust either be evidencedby certificatesof depositmaturing not later than the end of the current period of designationof depositories.or by savingsor depositaccountsincluding,but not limited to, passbookaccounts.

City of SouthEuclid,Ohio Notes to the Basic Financial Statements For The Year Ended December 31, 2002

Interim depositsare depositsof interim monies. interim moniesare rhosemonies nhich are not neededfor immediateuse but u'hich u'ill be neededbeforethe end of the currentperiod of designationof depositones. Interim depositsmust be evidencedby time certificatesof depositmatunngnot more than one y,earfrom the dateof depositor by sar,ingsor depositaccountsincludingpassbookr..ountr. Protectionof the Citl's depositsis provided by the Federal Deposit Insurance Corporation(FDIC). by eli-eiblesecuritiespledgedby the financialinstitutionas securiryfor repayment. by surerycompanybonds depositedu'ith the financedirectorby the financialinstirutionor by a singrecollateral pool establisired uy tne financialinstitutionto securethe repaymentof all public moniesdepositedu,ith the institution. Interimmoniescan be depositedor investedin the follou,ingsecurities: 1'

United StatesTreasurybills, bonds,notes,or any other obligationor security issued by the United StatesTreasury,or any other obligationguaranteedai to principal and interestby the United States;

2'

Bonds. notes, debentures,or any other obligations or securities issued by any federal -li4ortgage governmentagencyor inshumentality,including. but not limited to, Federal National Association,Federal Home Loan Bank, Federal Farm Credit Bank, Federal Home ioan Mortgage Corporation, Government National Mortgage Association, and Student Loan Marketing Association. All federal agency securitiesshall be direct issuancesof fe I goverrrmentagencies or instrumentalities;

3.

written repurchase agreements in securitieslistedabove:

1.

Bondsandotherobligationsof the Stateof Ohio;

5'

Time certificatesof deposit or savings or deposit accountsincluding, but not limited to, passbocik accounts;

6'

No-loadmoney marketmutual fundsconsistingexclusivelyof obligations describedin division (l) or (2) and repurchase agreements securedby suchobrigations,

7.

The StateTreasurer,s investmentpool (STAROhio);and

8'

Commercialpaperandbankersacceptances if trainrngrequirements havebeenmet.

Investmentsin str-ipped pnncipal or interestobligations,reverserepurchaseagreements and derivativesare prohibited' The issuanceof taxablenotesfor the purposeof arbitlage, the use-ofIeverageand short selling are alsoprohibited. Investments may only be madethroughspecifieddealersand instirudons. Deposits Custodisl Credit Risk Custodial credit nsk for depositsis the risk that. in the event of the failure of the counterpafy,the Ciry will not be ableto recoverdepositsor coliateral securitiesthat are in the possessic an outsidepaqv' At year end' $2.364.387of the City's bank balanceof $2,76.1.3g7 ri,asuninsureda^,.1 uncollateralized'Although the securitieswere held by the pledging financialinstirutions,tmst deparrment and ali statutoryrequirementsfor the dep-ositof money had been follou,ed.noncomplianceu,ith Federal requirementscouldpotenriallysubjectthe Ciry to a successfulclaim bv the FDIC.

Citl' of South Euclid, Ohio Notes to the Basic Financial Statements For The YearEndedDecember3i. 2007 The city has no depositpolicy for custodialcredit risk beyondthe requirementsof state statute. ohio law requiresthat depositsbe eitherinsuredor be protecteouy etiglule securitiespledgedto and depositedeither with the ciry or a qualified trustee by the financial institutio*n as security for repayrnent,or by a collateral pool of eligible securitiesdepositedq'ith a qualifiedtrusteeand pledged to secure^thlrepaymentof all public moniesdepositedin the financialinstitutionu'hosemarketvalueat all times shall be at leastone hundredfive percentof the depositsbeing secured.. Investments As of December3 l, 2007,the city had the follorvinginvesfments: Maruriw

Less Than Six months FederalHome Loan MortgageCorporationNotes FederalHome Loan Bank Bonds FederalNational Mortgage AssociationNotes RepurchaseAgreements Total Portfolio

$ r ,017,000 |,009,412 0 4 Rq' ?do

More Than More Than Six Months But One Year Less Than But Less Than One Year Three Years

$o 0 1,014,294 0

$0 l,004,060 4,029,997 0

Total $l , 0 1 7 , 0 0 0 2,013,532 5,043,291 4,892,340

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Interest Rate Risk As a meansof limiting its exposureto fair value lossescausedby nsing interestrates,the city's investment policy requires that operating funds be invested primarily in short-term investments maturing within two years from the date of p_urchase if they have a variable inierest rate and five years for investmentsthat have a fixed rate and that ihe City's investmentportfolio be strucfuredso that securities mafure to meet cash requirementsfor ongoing operationsand,/orlong-term debt payments. The statedintent of the policy is to avoid the need to sell securitiei prior to maturity. frepurchaseagr"em.nts are limited to 30 days and the market value of the securitiesmust exceedthe principal value of tf,e agreementby at least 2 percentand be marked to market daily. credit Risk rhe underlying securities of the repurchaseagreements, the federal home loan mortgage corporation notes, the federal home loan bank bonds and the*federal national mortgage associationnotes calTya rating of AAA by Standard& Poor's. The City has no investment policy that addresses credit risk. concentration of credit Rlsfr. The Cityplaces no limit on the amount it may invest rn any one issuer. The following is the City's allocationas of December3l , 2007:

Investment

Percentageof Investments

FederalHome Loan Mortsage CorporationNotes FederalHome Loan Bank Bonds FederalNational Mortgage AssociationNotes RepurchaseAgreements

7 . 8 4% 1 5 . 35 38 . 9 0 ) t.tJ

Citl' of South Euclid,Ohio Notesto the BasicFinancialStqtements 3 I , 200: For The Yeat'EndedDecetnber'

Note 7 - Receivables R e c e i y a b l east D e c e m b e3r 1 . 2 0 0 7 c. o n s i s t epdr i m a n l l ' o fm u n i c i p ailn c o m et a x e sp. r o p e q ' a n do t h e tt a . r e s . and jnreron'emmentalreceivablesansrng from entitlementsand sharedrevenues.specialassessments. u..oin., (billingsfor utilitl' sen'ice). for doubtfulaccountshas been recordedbecauseuncollectibleamountsare expectedto be No ailou,ance to be areexpected :--r^-in^--r ^al l il ,anailsgles and delinquentpropeff)'taxes exceptfor specialassessments rLU\ Itl5lgltlltudrlt. collectedq'ithin one ,vear. expectedto be collectedin more than one year amountto $270.000in the Special Specialassessments AssessmentBond RetirernentFund. At December31. 2007 the total amount of delinqttentspecial . u'as5382.291 assessments that vvill not be propertytaxes,althoughultimatelycollectible,include some portion of dehnquencies collectedu'ithinoneyear. A. Property Tuces properfytaxesincludean.lounts leviedagainstall real,public utiliqv.and tangiblepersonalpropertylocatedrn the Cit1,. Propertytax revenuereceivedduring 2007 for real and public utility propeffy taxes represer collectionsof the 2006 taxes. property tax paymentsreceivedduring 2007 for tangiblepersonalproperry (otherthanpublic utiliq'property)is for 2007 taxes. valueas ofJanuarv l' 2007.the 2007 real propertytaxesare leviedafterOctober1,2007, on the assessed marketvalue. 2007 real appraised of percent at 35 lau, lien date. Assessedvaluesare estabiishedby State properrytaxesarecollectedin and intendedto finance2008. Real propertytaxesare payableannuallyor semi-annually.If paid annually,the paymentrs due December payableby June 20. i1; ii paid semi-annual\,,the first pa).mentis due December31 u'ith the remainder established. to be payment dates Statestatutepermitslater Undertertain circumstances, of true value; public at varying percentages Public utiliry tangiblepersonalpropefty currentlyis assessed at 35 percentof true value. 2007public utilify propeffytaxesu'hich becamea utility realproperryis assessed iien December31. 2006,areleviedafterOctoberI . 2007.andarecollectedin 2008rvithrealpropertytaxes. taxesare leviedafter Octoberl. 2006. on the value as of December3 1. 2007 tangiblepersonalpropert,v are beingphasedout - the 2006. Coilectionsare maciein 2007. Tangiblepersonalprope$'assessments percentagefor all properryincludinginventoryfor 2007 is 12.5percent.This ri'iil be reducedto assessment by multi-countytaxpayersare due September20. Single 6.25percenifor 2008 and zerofor 2009. Pa1'ments counry raxpayersmay pay annuaily or semi-annually. If paid annually.paymentis due April 30; if paid 20. is due April 30, rl'ith the remainderpa1'ableat September semi-amuaily.the first pa,vment T h e f u l I t a x r a t ef o r a l l C i r y , o p e r a t i o nf osr t h e 1 , e aer n d e dD e c e m b e3r 1 . 2 0 0 7 ,* ' a s S 1 4 . 9 0p e r S 1 . 0 0 0o f valuesof real and tangiblepersonaiproperqvupon l'hich 2007 propertyt lalue. The assessed assessed receiptsri'erebasedare as follou's:

City of SouthEuclid,Ohio Notesto theBasicFinancialStatentents For TheYearEndedDecember31. 2007 Category Real Estate Residential/Agricultural OtherRealEstate TangiblePersonalProperty Public Utiliry General Total AssessedValues

AssessedValue

$399,028.490 50,588.320 4,107,160 5,76239A $459.486.360

The County Treasurercollectsproperty taxes on behalf of all taxing districts in the county, including the City of South Euclid. The Counfy Auditor periodically remits to thi City its portion of the taxes iollected. Properly taxes receivablerepresentsreal and tangible personalproperty taxes and public utility taxes which are rneasurable as of December31,2007 and for which there is an enforceablelegal claim. in the general fund, the generalobligation bond retirementfund, the road improvementcapital projects fund and the police and fire pension special re\/enuefunds, the entire receivablehas been offset by defened revenue since the current taxes were not levied to finance 2007 operationsand the collection of delinquent taxes during the availableperiod is not subjectto reasonableestimation. On a full accrual basis,iollectible delinquent properrytaxeshave beenrecordedas a receivableand revenuewhile on a modified accrualbasis the revenue is deferred. B. Income Toxes The City levies a 2.0 percent income tax on substantiallyall income earned within the City. In addition, residentsare required to pay city income tax on income earnedoutside of the Ciry. The City ullo*, a credit of seventy five percent for income tax paid to anothermunicipality. Employerswithin the City are required to withhold income tax on employeeearningsand remit the tax to the Regional Income Tax Agency giffe; at least quarterly. Corporations and other individual taxpayers are aiso required to pay estimated tax quarterly and fiie a renrrn annuaily. Taxes collectedby RITA in one month ari remitted to the City on the first and tenth businessdays of the following month. Income tax revenueis credited entirely to thegeneral runo. C. I nterg overnmental ReceivubI es A summary of intergovernmentalreceivablesfollows: GovernmentalActivities Local Government

Amount

$682,819

Homesteadand Rollback

i?4 iRq

Gasolineand ExciseTax

205,170 10'7,873

Stateand Local Highway Tax PermissiveMotor Vehicle LicenseTax

oJ.//i

Motor Vehicle LicenseFees

60,99g

EstateTax

A A 't11

Viliage of Oakwood Total

450 $1 . 4 9 9 , 9 9 7

Citv of SouthEuclid,Ohio Notes to the Basic Financial Stqtements For The YearEndedDecernber3 1. 2007

Note8-RiskManagement A. Propertl' and Liabili4' The City is exposedto various nsks of loss relatedto torts; theft of, damageto, or destructionof assets: errorsand omissions;injunesto employeesand naturaldisasters.In October 1987,the City joinedtogether u'ith neighboring cities to form the Northern Ohio Risk ManagementAgency O{ORMA), a not-for-profit corporation, for the purpose of obtaining properry, liability and vehicle insurance and providing fo, u formalized.jointly administeredself insurancefund. The City pays an annuai premium to NORMA for its insurancecoverage.The agreementof formationof NORMA providesthat NORMA wiil be self-sustaining through member premiums and rvill reinsurethrough commercialcompaniesfor claims in excessof the limits describedin the agreement.This coverageis paid from the generalfund. There has not been a significantreductionin coveragefrom the prior year and claimshave not exceeded coverageprovided by NORIT4Ain any of the last threeyears. B. Worker's Compensation The City paysthe StateWorkers'CompensationSystema premiumbasedon a rateper $ 100 of salaries.This rate is calculatedbasedon accidenthistoryand administrative costs.

Note 9 - Shared Risk Pool The NorthernOhio Risk ManagementAssociationTNORMA)is a sharedrisk pool comprisedof the Citiesof Bedford Heights, Chagrin Falls, Eastlake.Highland Heights,Hudson, Maple Heights,Mayfield Heights, Richmond Heights, Solon and South Euclid. NORMA was formed to enableits membersto obtain property and liability insurance,includingvehicles,and provide for a formalized.jointly administeredself-insuiance fund. The members formed a not-for-profit corporation knoum as NORMA, Inc. to administer the pool. NORMA is governed by a board of trustees that consistsof the Mayor from each of the participating members. Each entirymust remaina memberfor at leastthreeyearsfrom the corimencementdateof Octoberi, 1987, w'ith the exceptionof Cities of Eastiakeand Solon u'hosecorrmencementdate is Octoberl, 1989,and the City of Maple Heights,u'hosecorrunencement date is Octoberl, 1993. After the initial three years.each City may extendits term in three-yearincrements. Each memberprovidesoperatingresourcesto NORMA basedon actuariallydetermined. rates. In the event of losses,the first S2.500of any valid claim u.ill be paid by the member. The next palrnent, generallya maximum of $ i 00,000per occulrence,u'iil come from the self-insurance pool with any excesspaid from the stop-losscoveragecamed by the pool. Any loss over these amounts would be the obligation of the individual member. If the aggregateclaims paid by the pool exceedthe avaiiabieresouries.ihe pool may require the membersto make additionalsupplementary paymentsup to a maximum of the regular annual paymenr. 1-'o r/-ir, ^€ rrr;vu/, ttt.ts Lrty ui SouthEuclidpaid S86.307in premiumsfrom the generalfund, u'hichrepresents 9.85 percentof total premiums. Financialinformationcan be obtainedby contactingthe fisca1ug.ni. the Finance Directorat the Cit-vof BedfordHeights.5661 PerkinsRoad.BedfordHeishts.Ohio. 44146. Tn ?OO?

City of South Euclid, Ohio Notesto the Basic Financial Statements For The YearEndedDecember31,2007

Note10 - CapitalAssets capital assetactivify for the year endedDecember31,2007, was as follou,s:

Governmental Activities Capitol Assets not being Depreciated: Land Constructionin Progress Total Capital Assetsnot being Depreciated Capital Assets being Deprecioted: Buildings and Improvements Equipment Vehicles Infrastructure: Streets Bridges,Sewersand Culverts Waterlines Traffic Signals Total Capital Assetsbeing Depreciated LessAccumulatedDepreciation: Buildings and Improvements F^"i^---t

Vehicles Infrastructure: Streets Bridges, Sewersand Culverts Wateriines Traffic Signals Toal AccumulatedDepreciation Total Capital Assetsbeing Depreciated,Net GovemmentalActivities Capital Assets,Net

Balance 1213112006

$l , I 8 2 , 9 9 7 679,646 t.862,s43

t0,396,762 2,750,189 4,113,754 19.531,042 12,118,346 2,413,372 - 36,907 st.426gn

Additions

Deductions

s0

$0 0

1,492.899 7.492.899

216,264 t7,3r9 108,940

Balance 1213112007

$1 , 1 8 2 , 8 9 7 8,172,545 9,355,442

0 10,613,026 (s98,4s9) 2,t69,649 (224,227) 4,058,461

780,345 449,754 0 i 0,825 rJ8334?

(6,823,082) (406,922) (2,033,808) (151,114) (2,637,831) (22s,s20)

0 0 0 g_ (8rrf8o

20.317.381 12,568,100 2.4t3.372 47,732 5r,187J33

0 598,459 143.600

(7,230,004) (1,586,463) (2,720,051)

(5,883,994) (59s,451) (6,479,445) 0 (r , 2 s 8 , 1 7 8 ) ( 2 s 2 , 2 2 1 ) (1,510,399) 0 (429,7e5) (43,636) 0 (473,431) (955) (1,693) ,, ,,=(738) -/42,0ss (20,001386) (19_,967 6,tt9)* ,426) (1,67 (e2,672) (80,627) tz.ts62a7 -TATJ4r,68' =3?,119,s_!g, _$34222W_ _-5r,4002n _$80,62?)-

*Depreciationexpensewas chargedto governmentalactivities as follows: General Government: Legislativeand Executive Judicial System Security ofPersons and property: Police Fire Leisure Time Activities Building Deparfment Transportation Basic Utility Services Swimming Pools Total DepreciationExpense

$1 , 8 0 5 5,669 37,558 )a 449. I /

' L , L J J

t \ \

6 t14

I , 0 18 , 6 1 7 481,669 92,696

s1,676,1lg

Cig'of South Euclid, Ohio Notesto the Basic Financial Statements For The YearEndedDecember31.2007 Note 1l - Assets Held for Resale Assetsheld for resalerepresents ten plus acresof land on CedarRoad purchasedby the City which u,ill be sold for developmentpurposes.The City has a developer'sugr..-.nt u,ith the Coral Company who is scheduledto purchasethe propea-yby the end of 200g. Note 12 - Note Debt The City's note activity,includingamountsoutstandingand interestrates,is as follows: Balance 12/31/2006 3.60Yo Land Acquisition Fund 4.09Yo Land Acquisition Fund Total

qn

Additions

Reductions

Balance 12t3U2007

$ 1,800,000 0

$0 I,800,000

$1 , 8 0 0 , 0 0 0

I R O nO n o

$t Jr0,o0t

$ 1,800,000

$ 1.800.000

$r,800,000

In 2007, the City issued $1.800,000in Housing Developmentbond anticipationnotes for acquiringreal properly and improving the site to assistin providing housing. Thesenotes matureon Decembeitg, zoos. The Housing Developmentbond anticipationnotes that weie issuedin 2006 for $1.g00,000maturp, on December20,2007. The notesare backedby the full faith and credit of the City of South Euclid and mature r.vithin one year. The note liability is reflectedin the fund ri,hichreceivedthe nroceeds

Note 13 - Long-Term Obligations Originalissueamountsand interestratesof the City's debt issuesareas follou,s.

I I

Debt Issue I 998 Recreational Facilities lmprovementRefundingBonds: Current InterestSerial Bonds CapitalAppreciationBonds 2003 VariousPurposeGeneralObligationBond 2002 ParkingLot ImprovementSpecialAssessment Bond OPW:CLiberty Road Bridge Replacement OPH/C Whitehall Road Bridge Replacement OP rl'C Bexley Infrastructure Land AcquisitionBond AnticipationNote O lt-D.4 StormwaterImprovement Policeand Fire Pension

InterestRate

4 .0"/oto 4.4o/o 4.75o/oto 4.85% 3.0%o to 3.7o/o 4.0o/oto 6.lo/o 0% 0% 0% 5.50% N/A

4.2s%

OriginalIssue

Year of Maturit

s4,685,000 2003to 2009 5g qq4

9,400,000 630,000 755,891 18 8 , 8 2 2 1,247,424 17,000,000 2,052,371 391,010

2 0 1 0t o 2 0 1 I 2 0 0 4t o 2 0 1 8 1994b 2414 2002to 2422 2006to 2425 2005to 2024 2008 N/A 1973ro 2035

City of SouthEuclid,Ohio |{otesto theBasicFinancialStatentents For TheYearEndedDecember3I, 2007 A scheduleof changesin bondsand otherlong-termobligationsof the City during2007 follows: Amount Outstanding l?1312006 Additions

Deletions

Amount Amounts Outstanding Due ln 1213112001 OneYear

Governmental Activities (Cont'd) General Obligation Bonds I 998 RecreationalFacilities Improvement Refunding Bonds Current lnterest Serial Bonds

sr , 3 8 5 , 0 0 0

Capital AppreciationBonds

59,994 ,115.506

Accretion on Capital AppreciationBonds Total 1998 RecreationalFacilitiesBonds

r,860.s00

2003 Various Purpose General Obligation Bonds

7,835,000

Premium on Various PurposeBonds

s0 0 108,230 i08.230

7,850,538

Total Gerrerol Obligation Bonds

9,71r,038

0 0 (43s,000)

59,994 523,736 1.533,730

0 450.000

0

(540,000) 7,295,000 555,000 (r,292) 0 t4,216

0

(54t,292)

7,309,216

(916,292)

8.842,9',761,00s.000

15,s38

Total 2003 Various Purpose General Obligation Bonds

(s13s,000) s9s0,000 s150,000

108,230

555.000

Special,4ssessment B o n ds v,iIh Govern ntental Comnti tnten( 2002 Parking Lot Improvement

340.000

0

(35.000)

585,815 179,381 | , 0 9 1, 4 9 7

0 0 0

( 3 7, 7 9 s ) ( 9, 4 1 1 ) (62,37t)

305.000

3s.000

OPU.C Loans: Liberty Road Bridge Replacen.rent $,'hitehall Road Bridge Replacement Bexley Infrastructure Total OPWC Loans Notes Payable OWDA Stormwater Improvement Police and Fire Pension Capital Lease CompensatedAbsences Total Govern rnent aI A c t it'it i es

(109,607)

1.8s6.693

0 0 320,991 468,522 1,098,004

17,000,000 2,052,37r 0 0 251.029

548,020 37,793 169,910 9,411 1 , 0 2 9 , 1 2 6* _ _ 6 2 3 7 1 1,747,086

0 17,000,000 (77,910) 1.974.401 (5,971) (11t,976) (68,579)

315,023 3s6,s46 1.280,4s4

109.605 n 0 6,22'l rI7,578 218,363

0_ _G1,3 8.iJ2 _s31,82j1!!_ _q1:14I3._ _u.Jg!:_l_ _q_1291,63

ln 1998,the City defeaseda l99l recreationaifacilitiesimprovementbond issuein order to take advantage of lower interestrates. The proceedsof the new bonds \ /ereplaced in an irrevocabletnrst to provide for all fufure debt servicepayments on the old bonds. Accordingly, the trust account assetsand liabilities lor the d e f e a s e d b o n d s a r e n o t i n c l u d e d i n t h e C i t y ' s f i n a n c i a l s t a t e mOennD t se. c e r n b e r 3 l , 2 0 0 7 , $ 9 5 0 , 0 0 0 o f t h e defeasedbondsare still outstanding. On August 15, 1998the City issued$4,744,994in voted generalobligationbondsu,hichincludedserialand capital appreciation(deep discount)bonds in the amount of 54,685,000and $59,994,respectively. The generalobligationbondswere issuedfor the purposeof refundinga portion of the 1991recreationalfacilities improvement bonds to take advantageof lorver interest rates. The bonds were issued for a fourleen year period u'ith a final matunry at December1, 2011. The bondsu'ill be retiredfrom the generalobiigationbond retirementfund.

City of SouthEuclid,Ohio Notesto theBasicFinancialStatenents For TheYearEndedDecember 31.2007 The serial and capital appreciationbonds remained outstandingat December 31.200'1. The capital appreciationbonds were originally soid at a discountof $1.085.006.u'hich is being accretedannuallyuntil the point of maturity of the capitalappreciation bonds,which is December1. 201l.

The 2003 Various PurposeGeneralObligationBonds r.villbe paid u'ith revenuesfrom the road improvement and flood control capitalprojectsfunds. The SpecialAssessmentParkingLot ImprovementBonds will be paid u,ith specialassessment revenuefrom the specialassessment bond retirementfund. The SpecialAssessment bond issueis backedby the full faith and credit of the City. In the event that an assessedproperfy o\\rnerfails to make pal,rnents.the City $,ill be requiredto pay the relateddebt. The Liberry Road Bridge Replacement,Whitehall Road Bridge Replacementand Bexley Infrastructwe OPWC loanswill be paid with specialassessment re\/enuefrom the flood control capitalpiojects fund. In the eventthat an assessed properly ot\'nerfails to make payments,the Cify will be requiredto iay the related debt. The $17,000,000Land Acquisition Bond Anticipation note issuedJanuary 30,200'l at 5.50 percentand outstandingat December 37,2007, will mature January 29,2008. The note will be paid from the land acquisitioncapitalprojectsfund.

A line of credit has been estabiished*'ith the Ohio Water DevelopmentAuthority in the amounr of $2,154,990for improvementsto the Seu,ersystem;however,sincethis loan is not finalized,the repa;,rnent scheduleis not includedin the scheduleof debt servicepayments. The loan will be paid from the-flood control capitalprojects fund. The police and fire pensionliability represents police and fire pensionobligationsand will be paid ffom taxes receivedin the generalfund. The capitalleasewill be paid from resourcesreceivedin the generalcapital improvementscapital projectsfund. Compensatedabsencesrepofted in the "compensatedabsencespayable" account will be paid from the generalfund and the streetconstructionmaintenanceand repair and the sewerrental special."u"n,,e funds. As of December31,2007, the City's overall legal debt margin (the abiliry to issue additionalamountsof generalobligationbondeddebt)was $21,772,566and the unvotedlegaldebtmargin was $7,103,242. Principaland interestrequirementsto retire the City's long-termobligationsoutstandingat December31, 2007 areas follows:

Citl' of South Euclid, Ohio Notes to the Basic Financial Statements For The YearEndedDecember31.2007

GeneralObligationBonds Senal CapitalAppreciation Principal Interest Pnncipal Accretion

2008 2009 2010 2011 2012 2013-20t7 2018

$ 1,005,000 1,065,000 590,000 610.000 630,000 3,545,000 800,000

$282,7 54 246.304 201,354 189,654 I 71,048 527,176

$0 0 i1 5R6

541 414 541 5q?

0 0 0

Principal

Total

Interest

$35,000 $20,435 40,000 18,090 40,000 15,410 45,000 12,130 45,000 9, 71 5 100,000 10,050 0 0

__q1085,006_ __qj05,00q_ __q86,gg_ Policeand Fire Pension

2008 2009 2010 2 0 1I 2012 2013-2011 2018-2022 2023-2027 2028-2A32 2033-2035

Principai

$0 0

26,409 0 0 0

rotal __ $821M9_ __qUs3Ilg_

SpecialAssessment Bonds

s6,221 6,19s 6,773 7,065 7,368 4l,870 51,616 63,759 7 8 , 6r8 45,t70

OPWC Loans

Interest

Principal

$1 3 , 3 2 3 13,055 12,178 12,486 12,182 55,882 46,136

s 109,605 109,607 109,607 109,607 109,607 548,035

?t aa?

19,073 2,832

5 ? Ar 1 ?

l21,gg6 U

0

$ 3 1 5 , 0 2 3_s221J2_ s I ,747,086

Note 14 - Compensated Absences The criteria for determining vacation and sick leave benefits are derived from negotiatedagreementsand State laws. Employeeseam two to six weeks of vacation per year, dependingon length of service. Employeesmay useaccumulated vacationafter the completionoion. year ofiervice with ttr. City. Upon terminationof sen'ice.an employeeis entitledto receivepaymentfor any unusedvacationtime plus accruedvacationtime earnedduring the year but not yet creditedto vacationleave balance. On Januaryf, an employeeis given credit for, and may begin using, vacationtime earnedduring the precedingyear. Employeesearn sick leave at a rate of 4.6 hours per 80 hours of senice. Sick leave accumulationis generallylimited to 1,200hours for all employeesexcept for firefighterswho can accumulateup to 2,000 hours. Upon retirementor death, an employee can be paid one third of the outstandingii.k l.uu. accumulatedup to the maximum hours allorved.

City of South Euclid, Ohio Notes to the Basic Financia/ Statements For The YearEndedDecentber31, 2007 Note 15 - Capital Lease rn 2007' the city enteredinto a capitalized leaseobligationfor elevennew Ford vehicles and a masterle, collectionunit' In 2006, the city had enteredinto a c"apitatir.at.ase obligation for four new vehicles. Tl leasesmeet the criteria for a capitallease as defined uy ir,e s,*n.,.n, of Financial Accounting StandardsNr l3 "Accounting for Lease" und huu. been recordedon the government-wide statements. The originr amountscapitalizedfor the capitalleases and the book valuesas of December3 I , 2007follou,s: Amounts Vehicles Less: AccumulatedDepreciation

$ 5 7 3 , 457 (t 14,694)

Current Book Value

s458.781

The following is a scheduleof the future minimum-leases paymentsrequiredunderthe caprtarlease presentvalueof the minimum reasepayments and thr as of December31,2007.

Amounts 2008 2009 2010 TotalMinimumLeasepalnnents Less:Amountrepresenting interest Present Valueof MinimumLeasepalments

$1 3 5 , 5 0 1 135,500 121,420 392,421 35,875 -

$356,546

capital lease payments have been reclassified arrd are reflected as debt service in the fund financial statementsfor the generalcapitalimprovements capital projectsfund. Theseexpendifures are reflectedas program expendifureson a budgetary basis.

Note l6 - Contingencies A. Litigation The city is parry to legal proceedings' The city managementis-of the opinion that the ultimate disposition of theseclaimsand legal proceeding"s will not havea --ut.riur effect,if any. on the financiarconditionof the City. B. Grants The city received financial assistance from Federal and -g.*.uity State agenciesin the form of grants. disbursementof funds received under The these requires compliance rvith terms and conditionsspecifiedin the grantagreements .progr.-, and^iss-ubjeoi-uuoit by the grantor ug.n.,.r. Any disariou,ed claims resultingfrom such auaits"coutJ f..on,,. a tiaiilrly of the generarfund oi other applicabrefunds.

Cify of South Euclid, Ohio Notes to the Basic Financial Statements For The YearEnded December3 1. 2007

Ho"vever,in the opinion of management,any such disallou.edclaims u.'ill not have a material adverseeffect on the overall financialpositionof the Cirv at December31.2007.

Note 17 - Defined Benefit Pension Plans A. Ohio Public Emplol,sss Retirement System Plan Description - The City participatesin the Ohio Public EmployeesRetirementSystem (OPERS). OPERSadministersthreeseparatepensionplans. The traditionalplan is a cost-shanng,multiple-employer definedbenefit pension plan. The member-directedplan is a defined contributionplan in which the member investsboth member and employer contributions(employer contributionsvest over five years at 20 percent per year). Under the member directedplan, membersaccumulateretirementassetsequal to the value of the member and vested employer contributions plus any invesfment earnings. The combined plan is a costsharing,multiple-employer defined benefit pension plan that has elementsof both a defined benefit and a defined contribution plan. Under the combined plan, employer contributionsare investedby the retirement systemto provide a formula retirementbenefit similar to the traditional plan benefit. Member contributions, whose investment is self-directedby the member, accumulateretirement assetsin a manner similar to the memberdirectedplan. While membersin the Stateand local divisionsmay participatein all threeplans,law enforcement(generally sheriffs, deputy sheriffs and township police) and public safety divisions exist only u,ithinthe traditionalpensionplan. OPERSprovides retirement,disability, survivor and deathbenefits and annual cost of living adjustmentsto membersof the traditionaland combinedplans. Membersof the memberdirectedplan do not qualiff for ancillary benefits. Authority to establishand amendbenefitsis provided by Chapter 145 of the Ohio Revised Code. OPERS issues a stand-alonefinancial report that may be obtained by writing to OPERS, 217 East Town Street,Columbus,OH 43215-4642or by calling(614) 222-5601or 800-222-7377 . Funding Policy - The Ohio Revised Code provides statutory authority for member and employer cont^.ibutions. Fcr the y'earendedDecember31.2007,membersin stateandlocal classifications contibuteC 9.5 percent of covered payroll, public safety members contributed9.75 percent, and law enforcement membersconFibuted10.1percent. The Ciry's contributionrate for 2007 was 13.85percent,exceptfor thoseplan membersin law enforcement or pubiic safety, for whom the City's contribution was 17.17 percent of covered payroll. For the period January I through June 30. a portion of the City's contribution equal to 5 percent of covered payroll was allocatedto fund the post-employment healthcareplan; for the periodJuly I throughDecember31, 2007this amountwas increasedto 6 percent. Employer contributionratesare actuariallydetermined. Statestatutesets a maximum contr-ibutionrate for the City of l4 percent,exceptfor public safety and law enforcement,where the maximum employercontributionrateis 18.1percent. The City's required contr-ibutionsfor pension obligationsto the traditional and combinedplans for the years e n d e dD e c e m b e r3 1 , 2 A 0 7 , 2 0 0 6 ,a n d 2 0 0 5 q . e r e$ 3 0 1 . 4 6 45. 3 2 3 . 4 0 2a. n d S 3 1 8 . 0 0 4 r e s p e c t i v e l y7 0 . 1 6 percenthas been contributedfor 2007 and 100 percentfor 2006 and 2005. Contributionsto the memberdirectedplan for 2007 were $2,490madeby the City and $ i,562 madeby the plan members. B. Ohio Police and Fire Pension Fund Plan Description- The City contributesto the Ohio Police and Fire PensionFund (OP&F). a cost-sharing multiple-employerdefinedbenefitpensionplan. OP&F providesretirementand disabilitypensionbenefits, annualcost-of-livingadjustments. and deathbenefitsto plan membersand beneficiaries.Benefit provisions

City of South Euctid, Ohio Notesto the Basic Finoncial Statements For Ihe YearEnded Decen.tber31.2002 are established by the ohio StateLegislature -financialand are codified in chapter 742 ofthe ohio Revisedcodr oP&F issues a publicly a'ailable report that includes financial information and require supplementary informationfor the plan. That reportmay be oftuin"d by writing to the ohio police and Fir PensionFund,140EastTo*.n Streei,Columbus, Ohio 43215_5164.

FundingPolicy - Plan mentb^ers are required.tocontributei0 percentof their annual coveredsalaryto fun pension obligations' The city's contribution w'as 19.5 percent for police officers and24 percent fo firefighters' Contributionratesare established by Statestaruie.For 2007, a portionof the ciry,s contributior equal to 6'75 percentof coveredpayroll *'as allocatedto fund the post-emptoy-*t health care plan. Th, city's pensioncontributionsto oi'&F forrg_lice and firefighterswere $32i,66-5and $3gg,g10 for the yea endedDecember31'2007,$323,843and $j69,349for the y"earendedDecember31,2006,and $315,332 anr $370'05TfortheyearendedDecember3l'2005. Thefuliamounrhasbeencontributedfor2006and 67'86 percenthas been contributedfor police and,67.36p..*nt has been contributedfor firefightersfo 2007.

In addition to current contributions,the City pays installmentson the accruedliability incurred r.r,hen thr Stateof ohio established the statewidepenritn ,yrt.m ro, poii.. and fire fightersin 1967.As of December 3l'2007' the unfundedliability-of the city.wu. $-lt 5.023 iayabrein semi-a;."uip"y-ents through the year of 2035. This is an accountingriabiliryorine city which *itinot uu.v. Note l8 - Postemploy,mentBenefits A. Ohio Public Emplol,eg5 Retirement S),ste-

Pian Description- OPERS maintainsa cost-.sharing multiple-employerdefirnedbenefit post-employment healthcareplan for qualifoingmembersof both the traditionuluna combinedpensionplans. Membersof the member directedplan do not qualifu for anciilary benefits,includin_gport-.n-,froyr',.nt health care. The plan includesa medicalplan, a presiription drug program and Medicarepart B premium reimbursement. To qualifo for post-employmenthealth care coverage,age and service retireesunder the traditionaland combinedplans must have ten or more years quu'iiryrdiOhio servicecredit. Health care coverage .of for disability benefit recipientsand qualifiedsurvivor-benefit iecipients is available. The ohio Revisedcode permits' but does not require, OPERS to pro'ide health care benefits to its eligible members and beneficiaries' Authority to establishand amendbenefitsis provided by chapter 145 of the ohio Revised Code. Disclosuresfor the ht{'l-t:l.

plan are p:esentedseparatelyin the opERS

financial repoft which may be OPERS, )77 East rownstreei. columbus, oH 4321s-4642or bycaltin ;$Tll"iil ry;:|i;; s 61a)222Funding Policy - The p-ost-employment health care plan was estabrishedunder, and is administeredin accordancewith' lnternal Revenuecode 401 (h). Statestatuterequiresthat public employers fund postemplo1'rnent healthcarethrough contribution;to^'oPEns. ip"nion of each employer,scontributiontc .\e t.aditionalor combinedplansii set asidefor the fundingorporit-..ploymenr healthcare. Employer contributionrates are expressedas a percentageof the coveredpayroll of active employees. In 2007' local governmentemployerscontr-ibuted i:.ss p.i..nr of coveredpayroil (17.17percentfor pubiic safety and iaw enforcement). Each year, the opERS retirement board determinesthe portion of the employer contributionrate that will be set aside for funding post-employmenthealth care benefits. The

d

n # d

City of South Euclid, Ohio Notes to the Basic Financial Statements Fot' The YearEndedDecember31,2007

-ts -$

I I # # ,\ &

4 4 3b

a q

n a 4 At t\

R

amount of the employerconffibutionsu'hich n'as allocatedto fund post-employmenthealthcare was 5.00 ^ar^anf nf ^.ro.ol ' ur ^LUVtrisu payroll psrutrur from January I through June 30, 2007 and 6.00 percentfrom July i through December3l,2007. The retirement board is also authonzed to establishrules for the payment of a portion of the health care benefits by the retiree or the retiree's surviving beneficiaries. Paymentsamounts vary depending on the numberof covereddependents and the coverageselected.Active membersdo not makecontributionsto the post-emplo).Tnent health careplan. The City's contribution allocated to fund post-employment health care benefits for the years ended D e c e m b e3r 1 , 2 0 0 1 , 2 0 0 6 , a n2d0 0 5w e r e$ 1 9 8 . 5 6 9$,1 5 8 , 1 8 6a n d$ 1 4 3 , 1 8 5 r e s p e c t i v e l 7y 0 ; . i 6 p e r c e nht a s been contributedfor 2007 and 100 percentfor 2006 and 2005. On September9, 2004 the OPERS RetirementBoard adopteda Health Care PreservationPlan with u,as effectiveJanuary1,2007. Memberand employercontributionratesincreasedas of January1,2006, January 1,2007 and JanuatyI, 2008,which allorvedadditionalfundsto be allocatedto the healthcareplan. B. Police and Firemen's Disabilits; and Pension Fund Plan Description* The City contributesto the Ohio Police and Fire PensionFund (OP&F) sponsored healthcareprogram,a cost-sharingmultiple-employerdefined post-employmenthealthcareplan administered by OP&F. OP&F provideshealthcarebenefitsincluding coveragefor medical,prescriptiondrugs, dental, vision, Medicare Part B Premium reimbursementand long term care to retirees,qualifoing benefit recipients and their eligible dependents.

,q

n A

n it ,\

% A 3r

4

1

*.

4

The Ohio RevisedCocieailows, but doesnot mandate,OP&F to provide OPEB benefits.Authority for the OP&B Board of Trusteesto provide healthcarecoverageto eligible participantsand to establishand amend benefitsis codifiedin Chapter742 of the Ohio RevisedCode. OP&F issues a publicly available financial report that includes financial information and required supplementaryinformation for the Plan. That report may be obtainedby writing to OP&F, 140 East Town Street,Columbus,Ohio 432I 5-5164.

>

4 4 t?

4 4 1

OP&F providesaccessto post-retirement healthcarecoveragefor any personwho receivesor is eligible to receivea monthly service,disability,or survivor benefit or is a spouseor eligible dependentchild of such person.

Funding policy - OP&F's post-employmenthealthcareplan was establishedand is administered.as an Intemal RevenueCode 401(h) accountwithin the definedbenefit pensionpian, under the authoritygranted by the Ohio RevisedCode to the OP&F Board of Trustees. The Ohio RevisedCode setsthe contribution rates for participatingemployersand for plan membersto the OP&F. Participatingemployersare requiredto contribute to the pension plan at rates expressedas percentagesof the payroll of active pension plan members,currently, 19.50 percent and 24.00 percent of coveredpayroll for police and fire employers, respectiveiy. The Board of Trusteesis authorizedto allocate a portion of the total employer contributionsmade to the pensionplan to the 401(h) accountas the empioyercontributionfor retireehealthcarebenefits.For the year endedDecember31,200'1,the employercontributionailocatedto the healthcareplan rvas6.75 percentof coveredpal'roll. The amountof employercontributionsallocatedto the healthcareplan eachyeuiis subject to the trustees' primary responsibilify to ensure that pension benefits are adequatelyfunded and aiso is limitedby theprovisionsof Section401(h).

City of South Euclid, Ohio Notesto the Basic Financial Statentents For The YearEndedDecentber3 I, 2007

for contnbutionsto the healthcare The OP&F Board of Trusteesis alsoauthorizedto establishrequirements pian by retireesand their eligible dependents,or their surviving beneficiaries.Payment amountsvary dependingon the number of covereddependents and the coverageselected.Active membersdo not make contributionsto the OPEB Plan.

The Ciry's contributions to OP&F which u.ere allocatedto fund post-employmenthealth care benefits for police and firefighterswere $216,120and $1.85,480 for the year endedDecember31.204'7,$213,598and (176 I il fnr rhc'ca1endedDecember31, 2006,and $207,985and S170,796for the year endedDecember 31,2005. The full amounthas beencontributedfor 2006 and 2005. 67.86percenthas been conffibutedfor police and67.36percenthasbeencontributedfor firefightersfor 2007.

Note 19 - Joint Ventures A. Tri-Cit1'Consortium on Aging

The Tri-City Consoftium on Aging (Consortium)is a joint venture among the Cities of South Euclid, Lyndhurstand Highland Heights,formed for the purposeof coordinatingamongthe cities all mattersrelated to assistanceand programs for the aged. Consortium revenuesconsist of contributionsfrom the member cities and federal grants. The Consortiumis controlledby the Council composedof the Mayors of the '' :es of South Euclid, Ll.ndhurst, and Highland Heights, u,ith the advice of a nine member commr. rrr. howeverthe City Continuedexistenceof the Consoftiumis dependenton the City's continuedparticipation; of South Euclid has no explicit and measurableequity interest in the Consortium. The Consortium is not accumulatingfinancial resourcesor experiencingfiscal stresswhich would causeadditionalfinancial benefit to or burden on the Ciry. ln 2001, the City contributed $226,335, paid from the general fund, which represented 50.2percentof Consortiumrevenues.To obtain a copy of the Consortium'sfinancialstatements u'riteto the Tri-City Consortiumon Aging, 1370Victory Drive, SouthEuclid,Ohio, 44121. B. South Euclid-Lyndhurst Recreation Commission

The SouthEuclid-LyndhurstRecreationCommission(SELREC) is a joint venturethat is jointly ownedand operatedby the Cities of South Euclid and Lyndhurst, and the South Euclid-LyndhurstCity School District for the purposeof operatingthe Cities' and SchoolDistrict's playgrounds,play fields and indoor recreation centers. Each of these governmentssupportsSELREC through funds that are appropriatedin their budgets and eachsharesin the equity of SELREC.

The operationof SELREC is controlledby a nine member board consistingof the following: one member appointedby the Mayor of the City of South Euclid and one member appointedby the Mayor of the City of Lyndhurst.three membersthat are residentsof the Ciry of South Euclid, three membersthat are residentsof the City of Lyndhurst, and one memberthat is a residentof the South Euclid-L1'ndhurstCity School District and that iives in either the City of SouthEuclid or the City of Lyndhurst fiointly appointedby the Mayors of the Cities of South Euclid and Llndhurst). The continued existenceof the joint venture dependson the Ciry'scontinuedparticipation. SELREC is not accumulatingsignificantfinancialresourcesor experiencing fiscal sffessn'hich would causeadditionalbenefit or burden on the City. In 2007, the Ciry contr" *ed 537,424. The Ciry also has a measurableequity interestin SELREC becausethe joint ventureagre -nt stipulates that the participants have a claim to assets and sets forth the method of distr-ibutionupon dissolutionof thejoint venture. SELREChas no capitalassets.SELREC is auditedon a tn,o-yearbasis;the latestreponedis for the fiscalyear endedJune30, 2006. Financialstatements canbe obtainedby contacting the fiscal agent,South Euclid-LyndhurstCity SchoolDistrict, 6044 Mayfield Road,Lyndhurst, Ohio 44\24.

City of South Euclid, Ohio Notesto the Basic Financial Statements For The YearEndedDecember 31,2007 Note 20 - Jointll' Governed Organizations A. Northeast Ohio Public Energl, Council The city is a memberof rhe Northeasto!1o PublicEnergy council NopEC is a regionalcouncil of govemmentsformed under chapter 167 of the ohio-Revised tNopEC). code. NopEC u,as formed to serve as a vehicle for communities wishing to proceed jointly u'ith an aggregationprogram for the purchase of electncity and natural gas. NOPEC is currently comprisea oiorr.i 100 corimunities who have been authorizedby ballot to purchaseelectricityand naruralgu, on behalf of their citizens. The intent of NOpEC is to provide electr-icityand natural gas at ihe lou,estpoJriut" rateswhile at the sametime insuring stability in pnces by enteringinto long-term contractswith suppiiers to provide erectricityand natural gas to the citizens of its membercommunities. NOPEC is governedby a GeneralAssemblymade up of one representative from eachmembercommunity. The representatives fronl eachcountythen electon. p".ron to serveon the eight-memberNopEC Board of Directors' The Board overseesand managesthe operation of the aggregationprogram. The degree of control exercisedbv participating goverrrmentis limited to it, ..piJseitation in the General Asiembly Tl and on the Board' The city or slu*th Euclid did not conrributeto NopEC during 2007. Financial informationcan be obtainedby contactingJosephMigliorini, Board chairman, at ll5J vSouth v q l r r Main r y r 4 [ r JSnect LreLL, Akron, ohio 4430g

B. First suburbs consortium of Northeast ohio council of Governmerrts The Ciry is a memberof the First SuburbsConsortiumof Norrheastohio council of Governments(council). The Council is a regional council of governmentsformed under chap ter 167of the ohio Revised Code. The council is cunently comprisedof ljcommunities. The council was formed to fostercooperationbetween municipalitiesin mattersof mutual concern,includingbut not limited to initiationand supportof policiesand practiceswhich protect, maintain, and redevelop-uir.. communitiesand other matterswhich affect health, safety,welfare, education,economicconditionsand regionar development. The council is governedby an Assembly made up of one representativefrom eachmembercommunity. The representatives then elect the Goveming Board .id. up of a chair, Vice chair and other memberselectedin annualelections' The Board overseesand manages the council. The degreeof control exercisedby any participatinggovernmentis limited to its representation in the Assembly and on the Board. During 2007, the City of SouthEuclid contributed$3,000to the council. Financialinformationcan be obtainedby contacting First Suburbsconsortium of Northeastohio council of Governments,40 Severancecircle, cleveland Heights,Ohio 441I 8. C. Heights Area Special Rescue Team The city is a member of the Heights Area Special RescueTeam (HASRT). HASRT is a council of govemmentsformed under ohio Revised code bhapter 167. The goveminguooy orriasnr is comprised of the five Fire chiefs of the member cities. FIASRT u,asestablishe-d to prov-ide-u*ut aid for the provision of emergencyfire protectionand rescuesquadservices and to organize.train and equipa specialrescueteam to conduct rescue aclivities requiring unusual training and,/or equipment in participating communiries. Annual member receipts are basid on-un ugr..d formu-iabased on the membei cities population. During 2007'the city of South Euclid conh-ibuted-5,6.747 to HASRT. Financialinformarioncan be obtained by contactingHeightsArea special RescueTeam, 3400 Lee Road,ShakerHeights,ohio. 4a120.

Ciry of SouthEuclid,Ohio lvotesto the BasicFinancialStatements For TheYearEndedDecentber 3l. 2007 Note 21 - Interfund Transactions A. Interfund Balances Interfundbalancesar December 31,2007 consistof an interfund receivablein the generalfund for and an interfund payablein S125.0 the op..*ion home impror...", specialrevenueiund for $125,000. T i* 8,; monies thai

i:,i:T:*Tnittj

thetundwiiireceive u, rui..daterhis is expec "

"f,.]',:nrua"un"

B. Interfund Transfers lnterfundtransfersfor the year enclecr December3I , 2007 ,consistedof the follow.ins: f'ransfers From Recreation General Improvement

Transfers To

'"'-^"

parking Lots and Meters

47o,oo-o

Safery Forces Vehicre

:i:"f$:ff

*:,1|1'ff::'#"1i::""i::

o 0

10,547 100,000

sewer Rental GeneralcapitarImprovement

,o*o,uo'^Provement

$o

:::;'333

:il:?::,"'";i;

rr,.tr,#---,'rr-

$2s'ooo 22A,oOo 10'54'

25,003 o

S--

Total

133;333 2oo:ooo

,,##

parking rotsandmeters,.swimming poors, porice range andsewe

capitar project nnol.."iu.d atransrer;;f i;:.fffiTi'ililTn:#l:l.Ihfll.#..,:f,,::l.ry;

Thesafetyforcesvehiclecapital p;"j-.tr fu"ds receivedt unrr.r, t om thegenerarfundto fundfuture capitar

zunJi"lr u.n.r,iyi. p,i.. ill',?::?":1?:":#Ti'ffi",f;:ur"'vro.".,u"nr.i"

nredeparrmen

A "nd taxle'vproceedslo .ou". .o,t, rr,. t unl[f?:r,?J :;i.Hl,il]i'.J:*#Ji'o,ffi:;:*:,1*:;: lmprovementfund q'as madeto help covercostsassociated w,ithbuilding splashpark.

Note 22 - SubsequentEvents

on January28' 2008'the ciry issued$18,010.000 in generalobrigation rearesrateacquisition and urban 2 T , 2 0 0 9,inanticipatronoftheissuan $:;:l:ot"tttnotesatarateof4'50pt,..nr,maturingon-lun*ry

Combiningand Individual Fund Statementsand Schedules

C o m b i n i n g S t a t e r n e n t s- \ * o n m a j o r G o ' e r n m e n t a l Funds I'onmajor

Special Revenue Funds

To accountfor the proceedsof specificre\ienue sources(otherthan major capitalprojects)that are resnicted la* andadminisrratir,'e actionto expendirures for specifiedpurposes.

operatiortHome Impro,ement Fund The operation-HorneImpro'emeirtFund rs desi,rnedto pror.idelinancr assistance to home ownersri'ith financialneei throu-sh a non-..fundablegrantof up to si.000 to qualified hon o\\rlers to make necessaryrepairs to the exterior of therr home. Monies are recer',,.ed fiom the F.eder Gol'emmentunderthe communir,vDe'eropn.rent Block Grantprogram. COPS Grant Fund The Cops Grant FunciaccoLlnrs f or moniesfrom the Stateand Federaigovemtnents to t usedto establish or expandpolicingprograms. Street Constructiott, llfaintenartce untl Repair Fund The Str.eetConstruction.Maintenance and RepairFun accountsfor ninety-tu,oancl one half Dercentof the State gasolinetax and motor l'ehicle re_eistration fee designated for streetmaintenance andrepair. stute Highx'o)'Fund The StateHighu'ay Fund accountsfbr se'en andone haif per.centof the Stategasolineta and motor'ehicle registrationfeesdesignatecl fbr maintenance and repairof statehighu,al,sri,rthinthe city,. Parking Lots and tr[etersFund rhe Parking Lots and MerersFund accountsfor the operations of the l n lots u,ithinthe Ciri,. swimming Pools Funtl rhe Su'immingPools Fund accountsfor the operationsof the cirv,s three pools PermissiveMotor vehicteLice,se Fund The PermissiveMotor \/ehicle LicenseFuiid accountsfor additiona motor Vehicleregisfiationfeesdesignatedfor maintenance and repairof streetsrvithinthe city.

'r:{:;::::frifl[i'LT

PoliceRangeFunclaccounts ror charges for senicesfor theoperation or theporicr

Lav,Enforcement Fund The Lau. Enforcement Fund accountsfor confiscatedmoniesfrom cnminals that arr designated. by Statestatute,for expenditures that *,oulcrenhancethe police departmenr, FE\{A Firefighters Grant Fund The FEMA FirefightersGrant Funclaccountsfor monies recei'ed fi.om the Fede|alEmergency\{anasementAgency to be e^peridecl on-personalprotecti'e equipmentfor use by the.fire depanment. street Lighting Fund The StreetLighting Fund accountsfor the ser-r'ice assessmenr re'enue to pro'ide sfeet lightingrrithin the Ciw. se>+'er Rental Fund The Se*'er RentalFund accounts for sen,iceassessment rev,eruethat is expendedfor the maintenance of the sen,ersystemu.ithinthe Ciry. Police PensionFund The PolicePension Funciaccountsfor the accumulationof property taxesrelied fr ,.,e pa)'mentof cun-entemplo'er'spension contnbutionr ;h;l;;g-term accountingliabilit1,. "nd Fire Pension Fund The Fire PensionFund accountsfor the accumulationof properrytaxes le'ied for the pa'ment of currentemplo;'er'spension confnbutionsana tne rong-t.,-rnaccounting liabiliry,. ( c o n t i n u e) d -48

Combining statements - Nonmajor Governmental Funds (continued)

Nonmajor Debt Service Funds Debt Sen'ice Funds are used to accountfor the accumulationof resourcesfor, and the payment of, general iong-termand specialassessment principal.interestand relatedcosts. General Obligation Bond Retirement Fund The General Obligation Bond Retirement Fund accounts for properrytax collectionsrvhich are usedto pay the voted generalobligationrefundingbondsprincipal,interest, and relatedcosts. Special AssessmentBond RetirernentFund The Special AssessmentBond RetirementFund accountsfor the retirementof debt issuedto financepublic improvementsdeemedto benefitthe propertiesagainstwhich special assessments are ievied.

Nonmajor Capital projects Funds CapitalProjectsFundsare established to accountfor financialresources to be usedfor the construction

acquisitionof major capitalfacilities.

General Capital Improvements Fund The General Capital ImprovementsFund accounts for expenditures lesignatedfor capitalconstructionandthe acquisitionof cipital assets. Safety Forces Vehicle Fund TlneSafety ForcesVehicle Fund accountsfor a portion generalfund emergency medical transportfees which are usedfor the acquisitionof police and fire vehicies. Recreation Improvement Fund improvementof City parks.

The RecreationImprovement Fund accountsfor resourcesset aside for the

Road Improvement Fund The Road lmprovement Fund.accountsfor a special properfy tax lely collected for the improvementof streetsand curbswithin the City. Sidewalk Improvement Fund The Sidewalk Improvement Fund accounts for resourcesset aside for the inspectionand improvementof City sidewalks. Stanhope Parking Lot Fund The StanhopeParking Lot Fund accountsfor resourcesset aside for improving the StanhopeParking Lot by repaving, striping and making other improyements. This fund was not budgetea sinceno activity was anticipatedand noneoccurred. Issue II Fund The Issue II Fund accountsfor grant and loan moniesreceivedfrom the Ohio public'Works Commissionplus matching funds from the City. Expendituresare restrictedto specific projects q,ithin in the

Ciry.

Sewer Rehabilitation Fund The SewerRehabilitationFund accountsfor service assessments that are expended for improvements to the sanitary sewer system within the City rvhich are required by the Environmental DrotectionAgency.

C i n ' o f S o u t hE u c l i d ,O h i o Cr ttnh i rtittg BaIrtrtr'cSlteet \ rttt tttctI ctt. G ot.er unten I ctI F ttttcl.t Dccentbcr-l I 20():

Assets

Nonmajor

Nonrnajor

Nonmajor

)peclal

Debr

Capital

Rcvenue

Sen ice

. Funds

Funds

*

*__

Prniee

Total Nri u^ r- u- t^l;d J U ^l .

Gor-emmentai Funds

tc

Funds

Equiry,in Pooled Cash and Cash E.quivalents Materials and Supplies Inventory A c c o u n t sR e c e i v a b l e IntergovernmentalReceiI'able Properfv Taxes Receiiable S p e c i a lA s s e s s m e n tR secen.able '[otal

.ls.tcts

s87i.300 10,s,709 690 45J37A 1 4 9 , 688 7 7 1. 1 3 9

s716,932 0 0

st.459.896

S1.670,751

)R 5?4

4 5 1, 1 5 9 407.536

sL561.r06 0 0 3i , 2 0 1 5lR 14-l

0 sl.I10.t50

s 3 , 2i 1 , 3 3 8 I05,709 690 5 1i , 0 9 5 I,215,690 I.184.675 s 6 1 5| I q 7

Liabilitiesand Fund Balances Liabilities Accounts Payable

s59,495

--

0 9t,027 i 2i,000 1,405,909

SO 0 0 0 0 893,819

__

I ,712,8_s6

Accrued Wages

l1 4?i

ContractsPayable intergovernmentalPayable Interfund Pa1'able Deferred Revenue Torul Liahilities

s121,r75 0 9 6 , 8 73 0 0

s 180,670 i I d15

55q 414

96,837 91.027 125,000 2,859,172

8 9 i , 8r 9

777,456

3,384,131

0

392,844

421,168

0 0 950,250

7 1 8I,l 6 7 76 , 9 3 2 950.250

Fund Balances Reservedfor Encumbrances

28,924

Unresen'ed, Undesignated, Reporred in S p e c i a lR e v e n u cF u n d s Debt Sen,iceFunds Capital ProjectsFunds Total FurtclBalattces Toral Liahilitics attd Furtcl Bctlattt.e.s

7i 8 , l 6 0 0

0 776,93? 0

717.040

7 76 . 9 3 2

s2.159,896

SI.670.7s1

1.111.091

2 8 6 ' 70 6 6

sl.ll0.5-i0

s6 lsl.lQ7

City of South Euclid, Ohio Conrbinhg SratentenrofRevenues, Expenditures and Changes in Fund Balances Nonntaj or Govent rnen Ia I Fun ds For the Year Ended Decentber 3i. 2007

Nonmajor s.-.^i " l

Nonmajor

Revenue

Service

Funds

Funds

s247,646 750,084 999.t41 1I , 1 3 5

s450,806

Debt

Nonmajor Canitel

Projects Funds

Total Nonmajor Govemmental Funds

Revenues Properry Taxes SpecialAssessments lntergovernmental Fees,Licensesand Permits Fines and Forfeitures Charges for Services Other Total Revenues

1 ))6

1 5I , 4 0 2

2,197,818

57,048 0 0 0 0 563,4t1

s539,463 0 62,402 0 0 0 23.086 624.951

s1,237,9r5 805.64 1 I,1r8,594 11 , 1 3 5 l')16

151,402 60,297

3 , 3 8 6r,02

Expenditures Current: General Government: Legislativeand Executive Securiry ofPersons and Property: Police Fire Transportation Basic Utiliry Services Swimming Pools Capital Outlay Debt Service:

0 l5t,12'l r50,076 l,151,733 1,008,309 298,761 0

Principal Retirement lnterest and Fiscal Charges Total Expenditures Excessof Ret,enues Over (Underl Expendifttres

0 0

Total Other Financ.irtgSources((.,ses1

1S{ S47

Furtd Balances End of I'ear

470,000

(562,75g)

? 5 5s 4 7

Fund Balances Beginning of 1'ear

0 0 0 0 0 0

2,760,996

Other Financing Sources (Uses) Transfers In Transfers Out

.^ietChange in Fund Balances

0

0

0 0

( 2 0 7, 2 1 1 )

5l

151,727 150,076 1,151,733 l,008,309 298,'76\ r,813,330

3 4 1, 9 1 6 132,985

8 11 , 9 7 6 216.796

2,288,291

5,601.965

(l ,663,340)

(2,22t;7ss)

i,295,000 (25,000)

1,650,541 (25,000)

r,270.000

t,625,517

(393,340)

9s4.251

s717.040

0 0 0 0 0 i,813,330

t.736,434 Sllsg]?

s1.343,094

(596,208) ),+ot.zt+

52,867,066

C i h ' o f S o u t hE u c l i d .O t t i o C r , n t h i n t n gB , t I a n ca S l t t e t \ on ntui or Sptc tcti Rt'varttte F uttci., Dtccntt'cr -1l. :()(t1

Srreet Consructton.

Operation Home

-.lsp:gxgsr-

COPS Grant

Nlaintenance

Siate

andRenri.

Hiqhs'av

As:ets Equiry in PooledCash and

S p e c i a l A s s e s s n e n t sR e c e i v a b l e

sI 00.706 0 0 0 0 0

sr.15l 0 0 0 0 0

s 1 1 8 . 653 105.;-09 0 5.9I I 1.1 0 0

sl1.489 0 0 I E.0_i3 0 0

Total .1.s.tels

s r00.706

s 1 . 4 I5

s 7 0 0 , 1l 3

s5l.54l

Cash Equivalents l v l a t e r i a l sa n d S u p p l i e s I n \ / e n t o r y Accounts Receivable i n t e r g o v e m m e n t a lR e c e i v a b l e Properq' TaxesReceivable

LiabilitiesarrdFund Balartccs Liabilities

Deferred Revenue

sl7.l50 0 0 rt 5 , 0 0 0 0

Totttl Liubiiirit'.s

t4r.l50

Accounts Payable Accrued Wages lntergovernrnental Pa.vable lnterfund Pa1'able

SO 0 0 0 0

s7,861 1 0 I, t 8 19,660 0 186.773

SO 1,6-18 I,778 0 23.251 26.668

Fund Balances Resen'ed for Encumbrances U n r e s e n e d . U n d e s i s n a t e d( D e f l c i t ) T , t t r t lF t t t t d B , r l t t t c t ' . tt D r ' f i , i r , Totttl Liahiliric.s uttd Fund Btrlance:

|.472 ( 1 2 . 9r 6 )

0 I. 1 5 1

,41.444)

sl 00.706

s 1 . 4 l5

15.159 35 0 . 7 5I

0 24.E74

365.9r0

21.874

s7 0 0 . 1 3 1

ParkingLots andMeters

Srr,imming Pools

s13,002 0 690 0 0 0

S37,999 0 0 0 0 0

$1 3 , 6 9 2

s37,999

$0 233 381 0 n

$I , 2 4 0 0 0 0 0

6t4

Permissive Motor Vehicle License

0 0 63,771 0 0

Police Range

FElvtA Firefighters Grant

s10,547 0 0 0 0 0

$1 3 7 , 083 0 0 0 0 0

qla ??Q

$1 0 , 5 4 7

S1 3 7 , 083

ql? l?q

$0 0 0 0 s3,499

$0 0 0 0 0

53,499

0

I 415

Law Enforcement

$0 0 0 0 0

0 0 0 0 0

$0 0 0 0 0

I,t09 35 , 6 5 0

16 1q7

0 10,547

50'7 1 3 6 , 5I 3

lt 1?o

13,078

36,759

77 6n'7

lo 5d7

I 17 nlR

l? ??o

s37,999

$ 91 , 10 6

$ 13 . 6 9 2

sr0,s47

S179,34.1 U

0 0 404.76'l

s584,111

$ 3 2 ,182 0 0 0 401,'767 4 1 7 57 a

1) 61)

406

Street I iohtino

$137,038

0

0 t46,53? I46,531

$1 2 . 3 2 9 ___-E!1J!_ (continued)

Citl' of SouthEuclid, Ohio C on bin ing B u I ance Sheer \o nnraj o r Spec i u / Ret,en u e F un ds ( c.ott t i n u ecl) D e c e n t b e ri l . : ( ) ( ) '

Seu'er Rental

Police Pension

Assets

Fire Pension

Total Nonmajor SpecialRevenue Funds

Equiry in Pooled Cash and Cash Equir.alents Nlaterials and Supplies lnvenrory Accounts Receivable intergovemmental Receivab le Property Taxes Receivable

s 5 9I,8 4 0 0 0 0

S p e c i a lA s s e s s m e n t sR e c e i v a b l e T o t a l. 4 s s e t s

slr,1I 0 0

sl1,120 0 0

1 71q

1 11A

l?1,844

1r 4 , 8 4 1 0

0

s873,300 105,709 690 4s3,3'/0 2.19,688

____j43!:56_ ____l_143144_ ___!11111_ ____sr.1l2d2l

Liabilities and FuntI Balances Liabilities Accounts Payable Accrued Wages Intergovemmental pa1'able interfund Payable Deferred Revenue

)4Jl

9,426 9,208 0

s0 0 30,000 0

S(] 0 30,000 0

ss9,495 1l 4"i

91,077 125,000

{ Total Liobilirics

3 9t , 4 3 8

l 62.623 I

Fund Balances Reserved for Encumbrances U n r e s e r v e d ,U n d e s i g n a t e d( D e f i c i r ) Tot,tl Fund Baltnce.r /D.,fi..iu Total Liubiliries and Furtd Bctlanc.e s

9,056 3l,062

0 (I 8,879)

0 (I 8.880)

fi8.679)

(ls.8s0)

28,924

____{!.l,5tg_____a-!4r3t_____ulJ43_ ___Il€I2!_

t I

t )\ I !

e s\ A s

a A

a a a G G

a e

City of South Euclid, Ohio ConthiningStatententof Revenues,Expendinu.esand Changesin Furtd Balattces ,\'ontnajorSpecialRevenueFunds For rhe I'ear Ended Decentber3 l, 2007

Street Onerqtin.

Construction,

Home

COPS Grant

Imnrnr;a-o-t

Maintenance rnd

R enai.

Revenues Property Taxes Special Assessments Intergovernmental Fees,Licensesand Permits Fines and Forfeitures Charges for Sen,ices Other

SO 0 56,143 0 0 0 0

SO 0 0 0 0 0 0

Total Ret'enues

State High*'ay

SO 0 '7 15,094 0 0 7,203 15 , 12 8

SO 0 56,1 96 0 0 0 0

7 7 74 ) 5

5 6 ,l 9 6

0 0

0 0

Expenditures Current: Securiry ofPersons and Propery: Police Fire Transportation Basic Utility Services Su'imming Pools

0 U 0 1 0 3 , 3r 3 0

Toral Expenditrrres

r03,331

ExcessofRevenuesOver (Underl Expenditures

(47.r 88)

Other Financing Sources Transfers In Net Change in Fund Balances Fund Balances (Defciql Beginning of ),eat Fund Balances (Defcit) End of Year

0 ( 4 7 , 81 8 )

1o.1.

0 0 0 0

0 0

162

ql? 1ro

(162)

( r94,894)

0

(r62)

5 . 74 4 (s41,444)

45 09

s1,451

0 0 45.629

10,567

0 ( 194,894)

10,567

560,804

14.30'l

s365,910 -

524,874 (continued)

Citl' of South Euclid, Ohio Canbining statementqf Ret'enues,Expendittu'esand Changesin Ftuu! Baranc,es ;\'onrnajorSpecial RevenueFttnds (continueclt For the L'earEnded Decentber3 l, 2007

Permissive Parking Lots

Sw,immirg

Motor Vehicle

and Meters

Pools

License

Revenues Properfy Taxes SpecialAssessments lntergovernmental Fees,Licensesand Permits Fines and Forfeitures Chargesfor Sen'ices Other Total Retenue.s

SO 0 0 10.835 0 21,221 0

SO 0 0 0 0 114,041 0

t? ns6

Police Ranse

SO 0 130,127 300 0 0 0

S(] 0 0 0 0 0 0

t30.727

0

0 0 t73,785 0 0

0 0 0 0

Expenditures Current: Security ofPersons and propertv: Police Fire Transportation Basic Utiliry Services Swimming Pools Total E"rpenditut.es Ercess o.fRet'enuesOt'er (Underl Expenclitures

0 0 0 64,03 3 0

0 0 0 0

64,033

298,761

173;185

(31,977)

(184,720)

(43,0s 8)

Other Financing Sources Transfers In

0

Net Change in Fttnd Balances

(6,977)

35 , 2 8 0

( 4 3 , 085)

Fund Balances (De/icir1Beginning of )'eat.

20.055

I,479

80.665

Fund Balances (De.ficir1End ofyear

0

s36,759

s37,607

t0,547 0

s I0,547

a a -3 a

"A

a

Total

39

& &

s

"4 4 rryt 4t q

Law Enforcement

SO 0 i 0 , 16 6 0 1,226 0 22,083

FEMA Firefighters Grant

s0 0 0 0 0 0 0

11 A"7i

Nonmajor Street

Sewer

Police

-I i q=h.t 'i n_ o' -

Rental

Pension

SpecialRevenue

Fre

Furds

Pension

sI 2 3 , 8 2 3 0 15.559 0 0 0 0

\)47 616

SO 38 0 , 9 2 3 0 0 0 0 0

SO 369,161 0 0 0 8,931 0

sl 2 3 , 8 2 3 0

38 0 , 9 2 3

378 , 0 9 8

139,382

139.382

? ra7R4R

0 0 0 3g7,378 0

0 0 0 443,567 0

150,076 0 0 0 0

0 150,076 0 0 0

t51,72'7 150,076 1,151,733 1,008,309 298,761

l5 5iq

0 0 0 0

750,084 999.144 11,135 1,226 151,402 37,211

?{

4 q 0 0 0 0 0

R A R 4

1,489 0 0 0 0

*

I,489

391,3'78

443,56'7

150.076

150,076

2,760,606

31,986

(r6,455)

(6s,469)

( l 0,694)

(10,694)

(s62,7 s8)

4 "t 4 4 4 4

4r 4 4

4 fl

rt ^

ra 4 4 A A

0

0 31,986 r05,052

s137,038

0 r ?? 7 q

sr 2.329

(1 6 , 4 s 5 ) r62.987 s1 4 6 , 5 3 2

100,000 1d 511

0 (10,694)

0

( r 0,694)

(201,211) a 5 4? S l

(8.18s)

(sI 8,87e)

355.547

(sI 8,880)

s747,040

City of South Euclid, Ohio CombiningB al anceSheet Nonmajor Debt Ser-viceFunds uecemDer Jt, !UU/

Assets Equity in PooledCashand CashEquivalents IntergovernmentalReceivable ProperryTaxes Receivable SpecialAssessments Receivable Total Assets

Liabilities and Fund Balances Liabilities Defen-edRevenue Fund Balances Unreserved,Undesignated Total Liabilities and Fund Balances

General Obligation

Special Assessment

Total Nonmajor

Bond Retirement

Bond Retirement

Debt Sen'ice

$631,492 28,524 4\T

'7 \q

0 $i,1t7,775

q 7 7 KO ? . 1

$1 4 5 , 4 4 0 0 0 407,536

? 3 ,\ ) 4 ZI\

$407,536

631,492

t4s 440

$552,976

/

/\IJ

401.536

qs{? o?K

$486,283

sl,117,775

Funds

$1 , 6 7 0 , 7 5 1

$893,819

716 qi) ql 67n ?sl v

t

r v

r

v ,

r

J

I

Ci$ of South Euclid' Ohio Combiling Statementof Revenues,Expendinrresand Changesin Fttnd Balances Nonmajor Debt Sen'ice Fttnds For the YearEndedDecember3I, 2007

Generai Obligation Bond Retirement Revenues ProperfyTaxes SpecialAssessments Intergovernmental Total Reverues Expenditures GeneralGovernment: Legislative& Executive

$450,806 0 57,048

i ?57

435,000

Total Expenditures

67 500,7

Fund BalancesBeginning ofYear Fund BalancesEnd ofYear

Total Nonmajor Debt Service

Retirement

Funds

s0

s450,806

0

i7 04R

563,41I

507.854

Debt Service: Principal Retirement Interestand Fiscal Charges

Net Changein Fund Balances

Special Assessment Bond

60 505

0

?? ?06

470,000 83,811

58,306

))9.UO6

35,000

7,092

(2,749)

4,343

624,400

I48,189

772,589

s631,492

$145,440

s776,932

Cig' of SouthEuclid,Ohio Cr.tmbining Bal ance Sheet \onntajor CapitaI Projec:ts Funds Decenfier 3l, 2007

General Capital Improvements

Safeq, Forces Vehicle

Assets Equit_vin Pooled Cash and Cash Equivalents Intergovernmental Receivable Propeffy Taxes Receivable Trttal.4ssets

_

Recreation ImDrovemenr

s406.89 I 0 0

s417,059 0 0

s22.232 0

s.106,891

s417,059

s22.232

Road Improvement

ql46 tK')

:r,zot 5r R 7 l ?

s805,606

Liabilities and Fund Balances Liabiliries Accounts Payable Contracts Payable Deferred Revenue

qqi o?{

0 0

Total Liabilirie.s Fund Balances Reservedfor Encumbrances Unreserved,Undesignated Totol Fund Balances Total Liabilities and Fund Balances

s25,200 0 0

SO 0 0

SO 96,837

0

40,s29

25,200

24.410

?l ooe ))

310.916

s406.89 I

3 9r , 8 5 9 s4t7,059

)1)

22,232

s80s,606

Total Nonmajor Sewer

StanhoPe

Sidewalk Improvement

S7 0 0

IssueII

Parking Lot

c) Rq? U

0 s2.853

SO 0 U

SO 0 0

Rehabilitation

qJSJ 6i r

0 0 r s464,65

SO 0 0

qt 151

0 0 s1,251

SO 0 0

Capital Projects Funds

sr,s61,106 31.201 528.243

s2,I 20,5s0

s 121,175 96,837 55q 444

t7T,456

0 '7

0

0

1q? R44

? R51

305.907 t58;744

I ?5l

950.250

? R51

464,651

1 ? SI

I ,343,094

q1 R51

1 s464,6s

s2.I 20.s50

Cir.v*of South Euclid, Ohio Erpendinu'esand Changesin Fwtd Balartces o.f ConrbittingSratentent Ret'enttes' i ra I P roi ects Funds nt ai or Cop o n .\' Decentber3 l ' 2007 Ended For the Yeat

General Capital Improvements Revenues ProperryTaxes Intergovemmental Other

SaferyForces Vehicle

S(j 0 1.686

Road

Recreatton

Tnnrnrrem pnt r,,,P, v t vLrr!,

Improvement

SO 0 0

SO 0 21.400

Expenditures

Total Expenditures Excesso.[Ret'enuesLtnder Expenditures Other Financing Sources(Uses) TransfersIn

51) )'71

111.976

66'7,',]18 (666.092)

TransfersOut

495,000 0

Total Other Financittg Sources(Uses.)

495.000

N'etChange in Fund Balances i'utd Balances Begiiiiiiiig of Year Fund Balances End of Year

({ 1q 46? 6) 4||7

( 6 0 1, 8 6 i

Total Revenues

Capital Outlay Debt Service: Principal Retirement Interestand FiscalCharges

r!

(171,092) 482,008

s310.916

496,764

n

0 0

U

'784,28t

230,00( 109,46

0

4l t,123,7

496,764

( 5 ?I . 8 &

,d75 16J)

0 /?5 noo\

600,00

/?5 noo\

600,00

()'7\ 164\

/, < nnn\

7 8 , 1I

oo l.zz)

41 )1)

200,000 0

s39l,859

\&r'

\ ! J

!v

v

v/

' v v v

/

s22,232

'71,20 q . r 4 q1 ?

Total Nonmajor Sideu'alk

Stanhope

Tmnrnvomont

D..klnq

SO 0 0

IssueII

Lot

SO 0 0

SO 0 0

Sewer

Capital Projects

Rehabilitation

Funds

SO 0 0

s 5 1 A4 6 1

62,102 23,086 624,951

0 0

0

0

0

1,813,330

0 0

U

0 0

341,976 132,985

0

2.288.291 (1.663,340)

0 0

0 0

0 (,

0 0

1,295,000 (2s,000) I,270,000

o

U

7

S7

3 s2,85

0

U

464,651

I ?t I

s464,651

S1 , 2 5 1

(393,340) |,736,434 $1, 3 4 3 , 0 9 4

C o m b i n i n gS t a t e m e n-t A g e n c l .t u n d Agency Fund

n,:|||:1.H,::Tj|r:eld

br theCiry'asan agentfor indi'iduals. pri'ateo'sanizarions. othergorernmenta

DepositsFund The Deposits Ftrnclaccounrs for depositsfi'om conrractors.held by, the crr;,. to ensur.e compliance*'ith i ariouscit,r'orclinances regardinede'eio;.,m.",,.iirr,n ,rr.?,;,. "''

AA

Cie of South Euclid, Ohio Slarententof Changesin Assetsand Liabilities .4gena,Fwtd For the Yeat.EndedDecenrber3 L 2007

Beginning

Ending

Balance 1231106

DepositsFund Assets Equityin PooledCash andCashEquivalents

$962,8s4

Balance Additions

$ 6 2 7, 3 4 8

Deductions

t2/31t07

$ 4 0 1, s 2 9

$ 1. l 8 8 . 6 7 3

$401,529

$1,188,673

Liabilities

Deposits HeldandDueto others

___-$262j!1_ ___J6rr;!p_

I n d i v i d u a lF u n d S c h e d u l eos f R e r . e n u e sE,x p e n c l i t u r e s a n d C h a n g e si n F u n d B a l a n c e- B u d g e t( N o n - G A , A .B p a s i s )a n d A c t u a l

-66-

Citl'of SouthEuclid,Ohio Schedule oI Revenucs, Expendirures anC Changes irt Fund Balante - Builget LYon-G-L4p Bosist and ;ktual Gerreral Fund Fo, thc I ear Ended Decen$et. J t . 10Ai

Vanalce with BudgetedAmounts Origbal

Firal

Revenues Properq'Taxes LncomeTaxes

s 3 , 7 7 9 . 063 '7.4'78,692

Intergovemmental

I,917,3-i5

Lnterest Fees,LicensesandPermtts

787,401 334,365 4'76660

Frnesand Forfelrures Rentals

55 3 , 35 4 193,489

Chargesfor Seruices Other Total Reyenues

_

15,845,487

Fi-oalBudget Posirive

Actual

Oiegative)

s 3 , 7 8 0 ,I7 6 7,482, I 03 r,9t8,229 787,760 3 3 4 ,I58 4'7 6,877 5_i3,607 393,668 t25.t92

s4,263, 17i 8,4i6,79 t 2,r 62,988 888,275 377,201

i5,852,7i5

17,867,993

5 1 7? ' i 624,245 4.{3,899 I33,698

s482,4 I0 954,688 244,759 r00,5l5 42,683 60,848 70,61 8 50,231 8,506 2,0t5,2.78

Expenditures Cunent: GeneralGovernment: Legislativeand Executive: Council PersonalSeruices MaterialsandSupplies Othcr

72,700 I 9,850 7.000

73,200 I9 , 8 s 0 7,000

Total Council

68,466

4,734 9 , 9 10

9,940

I 00,050

t8,054

Mayor PersonalServices Conrractual Sen,ices Materialsand Suppltes Other Total Mayor Filalce Department PerscnalSer-;ices

l 50,33 5 250 4,750

Total FinanceDeparrment

348.959

ContractualServices Marerialsand Supphes Other Total Law Director

9,133 164,720

I,I96

302,370 32,950 7,600 8,03 9

2 74 , 9 9 9 I9,820 6,947 d a1q

2'r,3'71 r3,130 653 3,r00

350,959

306,705

I 42,800

134,642 192,584

I 64,96 1

i 00,3 70 32,950 7,600 8 . 093

I 30,700 225,045 9,000 21,234

_

r49,977 I,689

358 261 369 208

1,950 4,290 9.341

ConnacrualSeruices M a r e r i a la s n dS u p p l i e s Other

Lau Director PersonalServices

I50,335

2l1ids 9,500 ) | )1,A

'I Orr

9,349 t7,602

1 85 , 9 7 9

38'7.079

354.177

7.800 26,760 I,580

7.900 23,260 5,080

7 , 5l 0 3,260 3 . t6 7

s36.240

s13,937

_

44254

8,158 20,961 1 5I

Crvil Service PersonalServices ConfiacrualSewices Other Total Civrl Service

s36.I 40

390 20.000

s22.3 03 (contLnued.;

-67-

Citl' of SouthEuclid' Ohio St hedule o.i Reventcs. E.rpenCiturcs attd Changts in Funcl Balanc'e - Butlget'(.\'on-G.4'-1PBasist and.lc'tua! G t ' D c I A ll t t i l d t I U 1 1 l l t t I t C L l 1 For lhe |car Encled Detenthet -i1 )001

Vanance*'ith Final Budget

Budeered.Amounts

Municipal Complex PersonalSen'rces

Posrtrve (lieeative)

Acrual

Final

Origi,nal

s87,474 383.E10 33 , 3 0 2 26.273

s13.228 I 9.389

48.'739

s I 00,702 4 0 3I.9 9 38.500 32,139

574.940

575,140

ContracrualSen'ices

I 8,950 4 , 2 88

)O 7i.:

Ottrer

68,059_

19 , 15 0 54,063 I 8.284

9t.291

91,497

48.013

2.482.950

565.000

471.225

93,7't5

7 0 ,I 5 0 35 1, 9 5 0

68 60,2 34'7,r98 71,685

9,882 4,752 3 9 ,7 18

sir q6l

4 8 5 . 51 I

53,812

2.810.844

2.456,783

Conn'actualServices Nlaterialsand Supplies Other i omP)ex T o r a lM u n r c i p aC Engir:eer PersonalServices

Total Engineer

sr00.502 408.699 i 7,000

530.859

r8 , 2 5 8 0

5,198 6.466 4.1.281

892 24,i08 18.284 43,484

Mandated ContracrualSenices GeneralSen'ices PersonalSen'ices ConffactualSeruices Other

U 0 3 . 36 3

Totai GeneralScrvices T o t a l L e g i s l a l i v em d E x e c u t i v e J u d i c i a lS y s t e m : \{unicipal Court PersonalServices ContractualServices Materialsand Suppiies Other Total JudicialSystem Total GeneralGovemment

4 r R R0 9 4

35 4 , 0 6 1

2-1,916 1 7 , 30

457,050 7,305 31 , 7r 6 1t.725

4 31 , 3 9 1 5,837 3 0 , 2t6 5,920

504.996

507.796

473,409

3 4 ,837

454,250 5,500

1 A69. r di5

5,80s

4,693.090

3,i 18.640

2.930,192

388.4,{8

4,908,3 52 81,234 I I 00,72 r40.056

4 , 5 81 , 4 8 9 14 514

4.312,536

2 6 8 , . 935 I I,100

5.23 6.363

4.919,500

Secunq'of Personsand Properry: Police: D ^v r1, !. r- -

r

n a ^ ' f f i p n! ' 'r r ! u t

v ! P e r

PersonalServices ConnactualServices Materialsand SupPltes Other T o t a iP o l i c e Dispatchers PersonalServices Total Police

IZ3,721 I 39.756

rl

s5.236.363

/-OOJ

s5.277.163

63,434 I l 8,407 137.681

( itd

2.05 7

4 . 6 32 . 0 58

28't,442

J)t-lot

6.102.

s.l.98-1.319 (continued)

-68-

Ci['

of South Euclid, Ohio

Schedule qfRevenues, Expcndinres and Changes in Furkl Balance - Budget (lyon-G.4.4P Basis) and Actual G eneral F und (cottrinuedt For thc !'ear EnctedDecembct- 3l. 20A7

Vananceu'ith BudgetedAmou.nts Origiral

Firal

Filal Budget Positive (N:egative)

Acrual

Fire: E'.-

n-^'fr--r

PersonalServices

s 3 , 6I 0 , 8 6 7

ContractualSen ices Materialsand Supplies

83.416 7 2 , 7t 6

Other

9l .688

Total Fre Depaftment

3,858,717

Fue Hydrants ContracrualSeruices Materialsand Supplies

23,000 8.000

Total Fue Hydrants

3I ,000

Total Fue Total SecuntyofPersonsand Propeny

s3,626,867 132,946 5 7, 7t 6 79,688

s3 , 4 8 03, 3 0 I 02,906 4 7, t 9 l 67.l 03

s 146,537 10,040 I 0,525

3.897,217

3.697,s10

I9 9 , 6 8 7

23,000 8,000

21,298 1.077

t,702 923

28,375

) A)\

3 , 8 8 9 , 7l 7

3,928,2t7

3,725,90s

202.312

9 ,I 2 6 , 0 8 0

9,205,380 _

8,'709,224

4 9 6 ,I 5 6

t43,575

143,5',15

l 39,s56

4 , 0l 9

l 0 6 , 6 3I

I 0 7 , 8 3I 56,s24

97,6s4 43,7t6 2,366 q 1q7

t 0 , 17 7 I 2,808 2,834 221,008

246.82-7

PublicHealthSen ices: Healthand Humm Seruices ConffacrualSen'ices LeisureTime Activities: RecreationDepartmeDt PersonalServices ContractualServices Materialsand Supphes Other

56,s24 5,200 230,405

5,200 230,405

Total RecreationDepartrnent

398,760

399,960

15 3 ,313

r26,060

133,510

1t2,576

,0 01r'

{-n--"^in,

l-..r..

PersonalServices ContractualServices Matenalsand Supplies Other Total CommuniryCenter Total LeisureTime Activines CommunrtyDevelopment: Boardsald Commissions PersonalServices ConftactualServices Other

47 rRl

4d lRl

4) 467

38 , 9 6 3 90,855

3r,764 79,841

7,t99 ll.0t2

306.s59

307,509

260,980

46,529

705.319

707.469

4 1 4 ,113

35,300 0 830

34,800 900 830

34.608 200 80

t92 700 750

36.530

34,888

1.642

9 0 . 85 5

Total Boardsand Commissions CommuniryRelations PersonalServices ContractualServices Matenalsand Supplies Other Total Comrnuniq Relarions

0 10 , 2 35 l0l 7 . 8 39

s18.175 -69-

1,384

\q ido

10.235 1.501 25.463 596,739

0

576,413

1,007 10,235 326 8.758 s20,3 26 (contnued)

Citl'of SouthEuclid,Ohio Schcdule of Rtvenues. E.rpenclitttres anci Changes itt Fund Balanc.e - Budget (.\'on-GAAp Basist ancl .1t.trrcl G eneral Fund / conr in uedt For the \'ear Ended Detember 31. 200,-

Variance ri,ith BudgeredAJnounts Oneinal

EconomicDevelopmentDepartment: EconomicDevelopmentDepartmenr P e r s o n aSl e n i c e s ContracrualServices Matenalsand Supplies Orher T o t a lE c o n o m r D c e v e l o p m e nDt e p a n m e n r Total Communrt_v Development

sI62,870 36,6_i0 1,350

Finet

sI 0 4 . 6 3 0 36,650 I lifr

.{ctual

sr04.03 I

Firal Budeet Posinve N e g a t i v er

370

s599 0 980

r 59.I 75

3,905

36 , 6 i 0

20.450 224.820 2'79.125

296.319

210,47 6

25.8'73

6 I 7,600 2l,100 19,430 40.992

616,500

I0,890

19,430 tlt,492

605,6 r0 23,112 I8,565 I34.461

699.122

R41e)

7 81 , 7 4 8

6 t, 7 1 4

529,456 r6 3 , 2 3 8

53 2 , 85 6 I 63,038

468,862

55 , 9 9 5 7,265

55 , 8 0 5

63,994 | | ,243 190

75 9 , 1 5 4

683.594

75,560

204,2s0 73,000 147,920 16.208

203,200 73,000 179,9't0

178,E42 63,t24 I 68,3 94

2 4 , 358

441,378

4.t2,378

42t,778

50,650

r,197,132

1,23t.532

1,105,322

126,210

1.150.000

I.175.000

1 t . t 22 . r . 7

BuildfurgDepartment: Building Deparfment PersonalServices ContracrualSerrrices M a t e n a l sa n dS u p p l i e s Other Total Building Departmenr

2 6 ,I 0 0

2,988 865

Transportation: Sen,iceDepartment PersonalServices ContractualSen ices Materialsand Supplies

il

?qi

Other Total ServiceDepartment ServiceGaage PersonalServices ContractualServices M a t e n a l sa n dS u p p l i e s Other Total ServiceGarage Total Transportation

l5I ,795 ttL)z

9,8'16 r I,576 4,840

BasicUriliry Services; RefuseCollectiona:rdDisposal ContracrualServices CurbsideRecyclmg PersonalServices ContracrualServices Other

I 36,000 0

141.000 3I , 0 0 0 800

Toral CurbsrdeRecycli-ag Total Basic Uriliry Serwices Total E.rpenditures Exccssu/ RerenuesOt er (L'nCertE.rpenditttes

l 34,00 I 28,129 0 162.130

t.321.800

t,347.800

18.165.241

1'1.094.267

/\ (r ?- . 1r rl O > 'j7/ i)
/( c) r1 t, /1 4 r 1.552)

1.334.407

6 qao

2,87 | 800 r 0.670 13,393

ts 6RintP s2.192.955

s3.424.507 ( conrrnued;

_74-

Cig'of SouthEuclid,Ohio Scliedulc of Revenues. Expenditw-es and Changcs itt Fund Bclance - Budget (I'on-G.4.lP Basisl and ..lc'tuai G ene ral Fund ( con t inu ed1 For the )'eor Ended Deccmber 3 1. 200i

Varialce u'itb BudgetedAmounts

Final Budget Posinve

Oriqinal

Frnal

Acnlal

Olesative)

O t h e r F i n a n c i n gS o u r c e s( U s e s ) Saleof CapitalAssets AdvancesOur TransfersLr

SO 0 4.432

TransfersOut Total Other Finattcing Sourres (Iisesr let Changcin F und Balonce Fund BalanceBcginniltgof ) aar Prior Year Encumbrances Appropnated Frutd BalunceEttctof )'ear

0 I A.i)

(2,3t5,324)

_

SO 0 4,413 (1 , 5 2 0 . 5 4 7 )

s7,468 ( 1i 0,000) 0 (t,675,s47)

s7,468 ( 1I 0,000) (4,43 3) ( r05.000)

( 1 , 5 1 6r 4, 1)

(I,128.0'19)

(21t,96s)

454,816

3,212,512

(2,751,666)

4,195,822

4 ,r 9 5 , 8 2 2

4,195,822

0

124,952

t24,957

t24,952

0

s2,005.450

7l

s 1, 5 6 3 0, 18

s4.775,650

s3,212,542

C i t v o f S o u t hE u c l i d .O h i o . ' t p a t t d i t u r e s' n t d C l u t t ' 1 t " S r l ; c i i r r l . o / ' R e " e n t r t ' sE ' t B u t l ' : t r \ - t t n - G ' 1 ' - I PB i r : ! s ) ' t t t : l l t t u ' t i t t tF L l t d B ; t l : t t i rt F i o o J C c , t t t ct , IF t t r t d F r , r t l t c l ' c c t rE t t t i e t lD e t t ' n ' n ( t ' i l : ( ) ( ) ' -

-

+

-

-

+

+

-

_

:

+

+

-

Varianceu ith FinalBudget Post!tve

Budeeted

Fural

Original Revenrtes Specir'iAssessments lntergovernmental Other T0tdl Rcyentlc:

Acrual sarl^t tgi

s 3 1 9 .I 87 ll1.8-10 6,562

S1. 8 1 1 . 8 6 ' 1 706,5 99 11..108

l.I 58.119

l.i"{1.E71

l.8li.89,1

7.68,1.133

6.981.233

6 . 857 . 1 ,I1

5 9i . 6 9 8 16.001

fget,':91-s39l.il l (1n,901) 1.591 : 8 1. 0 2 i

E x p e n d i t ur e s Capital Ourla,r': Conracrual Sen'ices Debt Sen'tce: P r i n c i p a lR e t i r e m e n t l n t e r e s ta n d F i s c a l C h a r g e s

0 0

Total Debr Sen'ice Torul Erpcndittrt'ts L-.rcr'sso/'Relc n u es L'ntlc r E.rpc nd i t ur e s

7 . 6 8 4 . 233

(6.s16.011)

Other Financing Sources O\\'DA Loan Proceeds .\'at Chungt' irr Futtd Balttnt e

8 , 1 1 . 7 8 1_ (5 . 6 8 4 . 2)1 3

4 9 1. 5 7 1 217.103

718.000

7l1.680

ll.ll0

7 . 5 7 1 . 9I 1

ltT.lll

T.709:33. ( s ,16 6 , 6 31)

l.E,+8.1l9

(3,3r8.133)

4.0,16

(4,7-1E.027)

1 18 . 3 1 5

1.051.371

10,1.242

(1,695,656)

F t t n t l B t t ! u t t c tB' e g i n r t i n g t t f l ' t ' t t t '

5,203,381

5 , 2 0.338I

5.103 . 38 I

P r i o r Y e a r E n c u n l b r a n c e sA p p r o p r i a t e d

1.316.539

1. 3 1 6 . 5 1 9

I ,i 16.519

c ttt{tt/ \'cttt' Fun(l BLIl.otcE

Q ?]J

5 0 6 , 8I5 2 11 . 1 9

Arl 5i7

Citr' of South Euclid, Ohio Schedule of Revenues.Expenditut.esand Changes in Fund Balarice- Budger A'on-G.4Ap Basisland .lcrual Land AcquistiortFund For the YearEnded December 3 I, 2007

Variance rl'ith BudgetgdAmounts

Final Budget Positive

Ori_sinal

Frnal

Acrual

Revenues Other

$0

SO

sI 1 . 4 8 1

Negative)

$11.481

Expenditures CapitalOutlay: ContracrualSen,ices Capital Outlay Other Total Capital Outlay

0 18.771,56s 128,435

329,150 18,402,406 128,655

326,391 I 8 , 19 6 , 4 6 5 126.703

205,941 1.9s2

18,900,000

I 8 . 8 6 0 , 21 1

r8,649,559

210,652

) 7\Q

Debt Service: Interestand Fiscal Charges Total Expendinres Lxces.sof RevenuesLtnder E.rpendittu.es

7 2 . 1 8 9 __ 18,900.000

( r 8,900,000)

18.932,400

72,189 18,721 .748

( 18,932,400) (18,710,267)

Other Financing Sources Bond Anticipation Notes Issued

16,922.350

r7,000,000

17,000,000

.\'et Change in Fund Balance

(1,97'7,6s0)

( r,932,400)

(t ,710,267)

Fund Balanc'eBeeinning of I'ectr

2,510.400

2,510,400

2 , 51 0 . 4 0 0

Fttrtd BalanceEttd of Ycar

s532.750

s578,000

$8003 . 13

/)

0 210,652 )))

111

0 222,133 0

Citl' of South Euclid. Ohio Scheduleqf Reventes,Expendituresand Changes itt Fttnd Balance - Budget A'on-G.4,4PBasisl and -lcrual OperatiotrHonte Intprotetnefit Flutd For rhe YearEndedDecernber3 1. 2007

Variance'*'ith Budseted ,4mounts

F i rnr ras lr

I

Frnal

Orieinal

Acrual

E t " , - l ^ - r!

uus
Positir.e G{egative)

Revenues Interqovernnlenta I

s15,000

s70,000

s7I.t.13

20,100

182.700

87.65l

ql

ldl

Expenditures Cuffent: BasicUtiliry Sen'ices: R e f u s eC o l l e c t i o na n d D i s p o s a l : Other E.tcessof Rerenut:sL'rtder Expenditn'es

(5,700)

0 t h e r F i n a n c i n gS o u r c e s Advancesln t\et Change in Furtd Balartce Fund Balance Beginning o./'Year

( rr 2 , 7 0 0 )

0

I 10,000

(5,700)

(2,700)

5.711

\'744

s3.044

Furul Balartc'eEnd of )'ear

1 4

(16,510)

93,490 a

l A A

s99.234

95,047 9 6 ,I 9 0

0 96,9 10 0

s96.r90

Cit-'r'of South Euclid, Ohio Scheduleof Ret'errues. Expendituresand Changes in Fund Balance - Budget (J'on-GA,4PBasis) and -Acrual COPS Grant Fwtd Fot tlte I'ear Ended Decenrber3 1. 20A7

Variance with BudgetedAmounts

E'inal

Rrr,.tcpt

Positive Original Revenues

Final

SO

Actual

SO

Oiegative)

SO

SO

Expenditures Current: Securityof Personsand Property P,rline

T.)onrme.t'

Other Net Changein Fund Balance Fund Balance Beginning of l'ear Frtrti Balance Ertd of )'eo,

1.600

1,600

t62

1.438

(I ,600)

( l ,600)

(162)

1,438

1.613

1,613

1,613

s13

s13

s1 , 4 5 1

75

0

s1.438

Cih of South Euclid, Ohio Scheduleo.fRevenues,Expendinres and Changes in Fnrd Balattce - Brtdget(-\'on-G,4.1PBasis.land ,lctual Street Construction,llainrenance and Repair Fund Frtr rlte I'eur EndedDecentber31.:A0-

Variance with BudgetedAmounts Original

Frnal Budget

Final

Actual

Posltive (-i.iegative)

Revenues IntergovernmentaI Chargesfor Sen'ices Other Totctl Retenttes

s630,299 6,355 13.346

s678.784 6,843 ld 171

s714.452 1.203 15 . 1 28

650.000

700.000

736.783

695,473 22t,192 101,212 9.000

699,473 263,320 76 , 2 1 2 9,000

613,720 249,511 38,479 4.503

1.028,817

I,048,005

s3s,668 360 755

Expenditures Current: -Fre ncnntatinn.

StreetMaintenance: PersonalSen,ices Materials and Supplies ContractualSen'ices Other Total Etpenditrrres i\'et Change in Fund Balance Fttnd Balance Beginning o./'l'ear Prior Year EncumbrancesAppropriated f trnclBalante End o/ )'ear

(378,877) 3 9 0 , 913 | | .677

s 2 3 . 7I 3

-76-

R5 751

13.809 4.497

906,2 13

(348,005)

( r 69,430)

390,93 r

390,93 r

0

| 1,677

0

11,671

s 2 3 3r 7. 8

t 78 , 5 '5t

Ciq' of South Euclid, Ohio ScheCuleof Ret'enues,Expendituresand Changes in Fttnd Balance- Budgetdon-GA,4P Basisland Actual StateHighvar Fund For the YearEnded Decembet'3 1' 2007

Variancerl'ith I mal ttuogel Positive o_r-i.:_._oinal

Revenues Intefgovemmental Expenditures Current: TransPortation: StreetMaintenance: PersonalSen'ices Matenalsand SuPPlies lotal L\:Petlattttrcs NetChangein Fund Balartce

FLna]

Actual

s1,145

s52.000

s55.000

59,800 2.000

60,200 2,000

4) qg4

6r ,800

62,200

44,994

(9,800)

(7,200)

11,151

Fund BctlctnceBeginning of I'ear

1 2 . 38

Fttnd Balance Dtd o-f Year

8 s2.53

77

2.000

12,338 5).1J6

ft T^^otivp\ lr\u<srrv!/

s23.489

17,206 0

I8,351 0

C i t r o f S o u t hE u c l i d , O h i o S , , l t t t i t r i t r t I R t ' i c t t t t c s .E . r p c r t c l i t t tet s a n t i C J t c t n ! t , i r i / ' ' t u t ' l B a l a t r e - B t r c / . - g t('.t\ ' c t r i - G . 1 . 1 PB u s i s t a n C . l t t t r o l Purkin': Lr,t: artd .\lttt't's 1-ttrtd F o r t l t , I e a r E t t c i e dD c c e n t b e t i l . : ( t ( l '

Variarce u.ith BudeetedAmounts

Final Budget Positive

Orretnal

Frnal

Acnral

_

_j:g3!fll

R e v e nu e s Fees,Licensesand Perntits Charsesfbr Sc'nices Totul ilevatttrt's

_*--.

s8.816 19.158 28.?1 4

59.874 21.793 __-_

3r.667

-

S1 0 . 1 , 1 5 22.391

s 2 7l 598

i2.536

869

Expenditures Current: BasicUtiliry' Sen'ices: Parkin_s Lots and N{eters: PersonalServices M a t e r i a l sa n d S u p p l i e s ContractualServices Other TotaI Extrtotclrt trrcs E-tcesso.fl?etutucs L nclcr E.rptnclitttre.s O t h e r F i n a n c i n gS o u r c e s TransfersIn

7 , 95 0 6,000 -s3.700 2 . 10 0

I 1.700 l._i00 52.550 2 , 10 0

9 . 4 ,3i 3.08 3 52.296 I .568

) )4-l

6 9 . 70 5

69.8-i0

66.1s 5

I 49s

( 4r , 4 7 6 )

( 3 8 ,E1 3 )

(3i,8l9t

1 . 36 4

2t.'726

3 2.1.13

25.000

66i

5.03r

(19,750)

(r3.850)

(8.8 l e)

f-ttttclBalattte Bt'girtrtittg o.f ) eur

2I,401

21.401

2 I ..101

l--trtt,l B,tlorttt [.n-l ttl I t,tr

5 r.651

s7.55l

s1 2 . 5 8 2

\et Cltuttgc in l'-tttrdBalonc;e

78

462 1 < 1

532

0 s 5 , 0 iI

Cit1, of South Euclid, Ohio Sc'heduleof Revenues,Expendinres and Changes in Fund Balance - Budger (\'on-G.4.4PBasis)and .lctual St intntingPools Fund For the I ear Endc,dDeccnther3 l, :00.

Variance u'ith BudgetedAmounts Origiral

Final Budget Positive

Final

Acfual

fNegative)

Revenues Chargesfor Sen,ices

s 11 6 , 0 7 5

sil 3,686

si14.041

s355

204,300 30 , 0 3 9 98,0 10 2,950

206,800 30,039 85 , 6 0 0 15.450

198,029 28,425 68,872 q ssR

8,'711 |,614 t6,'728 5,892

335,389

337 , 8 8 9 _

304,884

t1 005

(221,203)

( I 90,81.3)

11?60

219,314

220.000

686 34,046

Expenditures Current: S'*'imming Pools: PersonalSen'ices Materialsand Supplies ContractualSen,ices Other Total Erpenditures E,rcessof Retenues l,,nderE.tpenditures Other Financing Sources TransfersIn

_

(219,314)

??'l ql5

Ir'et Change in Furtd Balance

4,611

(4,889)

29,157

l:und Bulance Beginning of l'ear

7,694

7,691

7,694

0

39

39

0

Prior Year EncumbrancesAppropriated Fttnd Balance End of I'ear

39

st2.314

79

s2.844

$36.890

s34.046

C i t r ' o f S o u t hE u c l i d ,O h i o ScltecluIa of llet enues, Elitettclittu.es ottcl Chartgcs i t t F t t n c l B a l u r t c c - B u c l g e t ( . \ ' o n - G . 1 . 1 PB a s i - t t a n c l . l c t r t a i P e r n t i s s i t e , \ . 1 o t o t 'I ' e I t i t l e L i c e n s e f ' t t n c l Fr',' tltc |etu' Ettd,'dDctcntbc,.i L :('0-

Vanance*'ith F i n a lB u d e e t

BudgetedAntounts Oricinal

Final

.{cnrrl

Positive ( N c e a t lei )

Revenues krtergovernnrental

sr 3 0 . 0 0 0 0

sl-10.000 0

r30.000

130.000

r30,.105

Materialsand Supplies

2r 0 . 0 0 0

210.000

209.980

.\'etCltartgeitt FurtclBulottta

(80.000)

(80.000)

09,51s)

FttttdBalortceBegirtrtingof I'eat'

70,695

70.695

70.695

0

Prior Year Encumbrances Appropriated

35.000

35 , 0 0 0

3s,000

0

Fees,Licensesand Permrts Total Retertucs

s130,105 300

s1 0 5 300 405

Expenditures Current: Transportation.

F ttrtdBtlattie Erttlr,l ) t ,t,

s25,695

-80.

s 2 6 .210

Aa<

Cig of South Euclid, Ohio ScheduleoJ'Revenues Expenditures and Chartges in Fund Balatrce- Budget (\'on-G,4AP Basistand Actual Police RangeFmd For the YearErrdedDecernber. 31.200"

Vanancervith Final Budget

BudgetedAmounts

Positive Original

Actual

Final

[Negative)

$0

$0

$0

s0

Expenditures

0

0

0

0

E.::ce.s.s of Retenue.sOver ErTtendintres

0

0

0

Revenues

Other FinancingSources TransfersIn

10,547

t0,54'l

t0,547

,\'et Changein Fund Balence

t0,547

10,54'7

10,547

FurtdBalunceBeginningo_[I'ear FunclBalonceEnd oJ Year

0 $1 0 , 5 4 7

- 8 1-

0 $1 0 , 5 4 7

0

s1 0 , 5 4 7

0 0

Citl' of South Euclid, Ohio Scheduleof Revenues.Etpendirures and Changes in Frtnd Balance - Budger (\'on-G.4.1PBasis) and.laual Lar EnforcenlentFund For tlte l'ear Ended Decentber'31. )007

Variance with BudeetedAmourts

F ln i

I

Hrrd d a f

Positive Original

Final

Acrual

O{esative)

Revenues Intcrcnrrpm-;ntc

I

Finesand Forfuirures

s I ,507 220

s10.166 1.485 22.082

s10.166 1,485 22.083

SO 0 I

Other

).2/J

Total Ret'ertues

5,000

33.733

33,731

102.457

102.457

1.996

.\'et Change in Fund Balance

(97,457)

(68,724)

31,738

Fund Balance Beginning o.f Year

102,336

102,336

102,336

0

) 4\'7

) 45'7

0

s36,069

S136.531

Expenditures Current: SecuriS,of Personsand Properrl': Pnliee

Denerfmpnt'

Other

Pnor Year EncumbrancesAppropriated f uttd Balartte Ettd o.fI eat

2.457

s7.336

- 6 1

-

100,462

5100.462

Citr of SouthEuctid,Ohio Schedule o.f Revenues. Erpenditures and Changes in Fund Balance - Budget (jion-GA-lp Basis) and.lcrual f L.\L1 l- irefigltters Granr Fund For rhe )'ear Ended Decenber 3 l. 2007

Varianceq,ith Final Budget Positive

BudeetedAmounts Original Revenues

Final SO

Actual SO

Oiegative) SO

SO

Expenditures Current: Securiry of Persons and Properry: Fi-reDepar|ment: Other .\'et Chattge in Futd Bulurce Fund Bulance Beginning o.f l'eat. Fund Bulctnce End of f'ear

12,000

I1,000

( r 1,000)

(1 2 , 0 0 0 )

12.319

s329

83

'l1Q I1

$329

12,000 0 I1 11Q

s12.329

I2,000 0

______$.laqqq_

Citv of South Euclid, Ohio Sc'heduleof Revenues,Expendituresand Changes in Fund Balance - Budget (\'on-G.+'lP Basis.land .4crual SrreerLighring Fund For rhe l'ear Ended Decentber3 I , 2007

Variance u.ith BudgetedAmounts

Frnal Budget Posttive

Ori_einal

Frnal

Acrual

Oiesative)

Revenues SpecialAssessments

s3s0.000

s380.000

s380.923

515,000 0

505,000 10.000

391,348 0

107,652 10.000

5r5,000

5I 5 . 0 0 0

397,348

117.652

(16,42s)

11 8 , 5 7 5

>v1,J

Expenditures Current: BasicUtility Sen'ices: SffeetMarntenance: ContractLralServices Other Tolal Erpettditures .\'et Change in Fund Balance

(r6s,000)

Fund Balance Beeintting of I'eor

195,7 69

Futtd Bulanie End of I L'at'

s30.769

84

( r 3s,000) 195,7 69

195;169 s179.344

0 Sl18.575

Citl'of South Euclid, Ohio Schedule o.fRevenues,Erpenditures and Changes in Fund Balance- Budger\'on-GAAP Basis)and Actual Seu'erRental Fmtd For the I'ear EndedDecentber3 1, 2AAi

\tariance u'ith BudeetedAmounts

E i."l

R".l-.t

Positive Original Revenues SpecialAssessments Chargesfor Services

s 3 33 , 3 8 2 22.495

Total Ret,enues

Actual

FLnal

s 3 5 38, 35 ?1 R45

_

11 s 36 9 , 6 8.937

O{egative)

sr5 , 7 7 6 (14,908)

377,230

37 8 , 0 9 8

868

296,050 15,514 156,858 8.200

326,7 s0 r0,014 I4 0 , 8 s 8 1.500

317,450 8,020 t32,232 1.500

9,300 t ,994 8,626 0

176,622

479,122

459.202

19,920 20,788

Expenditures Clurrent: BasicUtiliry Services: Sewer lvlairtenance: PersonalSen'ices Materials and Supplies ContractualSenices Other Total Expenditure.r Etcessof RevenuesUnder Etpenditures O t h e r F i n a n c i n gS o u r c e s TransfersIn lt'et Change in Fund Balance Funcl Balance Beginting o.fYear Prior Year EncumbrancesAppropriated FttrtJBalatttc Errdo/ Year

(t20,14s)

(r0r,892)

( 81 ,l 0 4 )

91,t23

99,770

r00,000

230

(26,622)

(2,122)

I 8,896

21,018

)q )4)

)q )4)

)a )4) 1,812

1.872

s4.492

s28.992

-85-

1,872

r0 s50.0

0 0

s2l.0t8

Citv of South Euclid, Ohio Etpenditures and Changes Schedtrleo.f Ret,enues, Basisland .lctual in Fund Balan<'e- Budget(.\'on-G,1.4P Police Pension Fund Fot' rhe YearEndedDecenrber3 l, 2t)07

Variance r,r'ith Final Budget

BudsetedAmounts

Positive

Orieinal

Frnal

Actual

Oiegative)

Revenues Propertv Taxes lntergovernrnental

S12 i . 1, 1 0 r54 7 i

s123.1.10 15.473

q 1 r ' lR ) 1

15.559

s683 86

r38.613

138.613

139.i82

150,000 500

150.500 0

145,076 0

<

T'otalErpenditure.s

I 50,s00

rs 0 . 5 0 0

145,076

\ 4)4

.\'et Change in Fund Balance

( 1l , 8 8 7 )

(r l , 8 8 7 )

(5,694)

Ftnd Balattc'e[]eginning of I'ettr

16.815

I6 . 8 1 5

16,815

l-unclBalance End of l'ear

s4,928

8 s4.92

Total Reventres

169

Expenditures Current: SecurityofPersonsand Properfy: Police: Contractual Sen'ices Other

.86-

114

6,t93 0

s6.I 93

Citv of South Euclid, Ohio Schedule o.{Revenues,Expendinrres and Changes in Fund Balance - Budget (\'on-G.4_lp Basisl and .4ctual f rre f ensionFund For the |'ear Ended Decentber3 I , 2007

Varianceq'ith BudeetedAmounts

Final Budget Positive

Orieinal Re'r'gaus5 ProperryTaxes Intergovemmental Total Ret'enttes

sl23,l.1l 15.472

Firal

s123,r41

Acrual

_

fNegative)

s123,823

s682 87 769

1 S4 7 )

138,613

138.613

139.382

150,000 500

150,500 0

145,076 0

< A1/

Other Total Expendintres

I50,500

I 50,500

t45,076

5 414

N'etChange in Ftind Balance

( 1I , 8 8 7 )

(r r , 8 8 7 )

Fund Bolance Beeinning of ),ear

16,814

I 6,81,1

Fund Balance End of Year

s1.927

Expenditures Current: Securtryof Personsand properq': FLre: Conhactual Services

6l

(5,691)

0

6 , 19 3 0

C i t r ' o f S o u t hE u c l i d ' O h i o SchedLrIt r)f Rcvtnue.s. E.rpertclitutcs ttncl Changts i n F t r t t c lB a i u t t i e - B u c i g e t r . \ ' c , n - G . 1 . 1 PB u s i . ts a t t d . 1 r !- t t t t l C e n e t a l O b l i g a r i o n B o n c i R e r i te n c n t F t r n , l Fot' thc Year EttcleclDectniber -j l :()():

Varianceu'ith F i n a lB u d e e t

BudeetedAmoltnts

Positive Final

Oricrlal Revenues Taxes Propert-'I n terqovernmental T o t u l R e tt : n u e s

_

s,150.806 57.018

S . 1I5. l 5 6 57.097

- s 0 75, 81

i08.:18

.\:trirl_

S,150.806 57.0-18

r l l e g e t i r :)

SO 0

5 0 7 .i84

E xpen ditu res Current: General Government: L - e g i s l a t i v ea n d E x e c u l i v e : Contracturl Sen ices Other

Total General Government

517,600 0

1.000 l 5.-13

5,17.600

6 . 1 i3

282 1.915

-*^i?57

7r8 ,158

, l..116-

Debt Serlice: P r L n c r p a l[ L e t i r e m e n t lnteresl and Fiscal Charses

Total Debt Sen'ice

Totul Etpcndittrt c.s

175,086 6 6 , 0 r8

1 35 , 0 0 0 60,505

1 0 , 063 5 . 57 6

511.167

195.-505

45.662 . 1 6 . 883

5.17,600

__-__ 5.17.600

\-et C'ltungc in Ftrncl IJulurtct'

(39.3s1)

(39,116)

7,092

Ftrnrl Btiluncc Bcgittttittg o.l I'eur

611..100

621.100

614.100

Furrcl Bulttrt c Ltttl ol ) cctr

isxi (iJ^

88

=

S5iii.55l

$ 6 iI , 1 9 2

4 6 . 883

s16,83I

Citl'of South Euclid, Ohio Scheduleo,{Reventtes,Expettdirw'esand Changes in Fund Balartce- Budget (\'on-G,1,1PBasisl and .4crual Special,lssessntent Bond Retit'ententFund For the l'ear Ended Decernber3 l. 2007

Varianceq'ith Final Budget

BudgetedAmounts Original

Frnal

Acrual

Positive (Negative)

Revenues

\\ \\ /

s50,000

s50,000

Expenditures Debt Service: Principal Retirement Interestand FiscalCharges

35 , 0 0 0 24,000

35 , 0 0 0 24.000

35 , 0 0 0 23,306

0 694

TcttalE-rpendirtrres

59,000

s9.000

58,306

694

,\'et Changein Fund Balance

(9,000)

(9,000)

(2,74e)

(-cniel

A cceccmentc

Fund Balance Beginning of I'ear Furtd Bulant'' EttrIof l'"'zr'

r48,189

::!ri9l_q9_

89

1 4 8 ,B19

148,189

6,251 0

____l_u9J!L -__-!-!-1111!- ----------$!21-1-

Ciq of South Euclid, Ohio Scheduleof Rerenues.E::pertdiruresand Changes in FurtdBalance- Bttdget(\-on-G.1-1PBasis)and .lcrual GenersI Capiral IrnprovententsFwrd For rhe )'ear EndedDecentber3] 20A7

Variancewith Final Budget

BudeetedAmounls

Positive Orieinal

Final

Actual

Oiegative)

Revenues Other

SO

SO

sr . 6 8 6

sr,686

Expenditures CapitalOutlay: CapitalOutlay Etcessof Rer,enuesL'ndat'Etpenclitut'es

812.051

(812,0s I)

926.99|

7 1 1. 2 76

/Q]K OQl \

(7 0 9 .9 50 )

2r5.7r5 217,401

O t h e r F i n a n c i n gS o u r c e s TransfersIn ,\'et Chattge irt Furtd Balartce

r150.000 ( 3 9 2 , 0r )5

496.000

495,000

( 1 3 0 , 9)9 1

( 214 . 5 9 0 )

( r,000) 216,401

FttttclBalance Bcgintting o.f I'eat'

319,015

319,04s

319,015

0

Prior Year EncunrbrancesAppropriated

122.051

122.051

t22.051

0

FuttclBalance End of l'ear

s109,045

-90

s70,r05

s286.506

s2I 6.401

Citl of South Euclid, Ohio Schedule r5f Ret,enues,E::penditures and Changes in Ftrnd Balance- Budget(\'on-G,4Ap Basis)ond .4ctttal S{ea' Forces l,'ehicleFund For the |'ear Ended Decentber.3 l, 2007

Variance q'ith

Br4getedAmounts

Final Budget Positive

Onoinal

Final

Actual

Revenues Other

s1 9 , 3 3 2

s21,361

s2r,400

6 0 8 .7 59

6 0 8 .758

518,762

[t,legative)

s39

E,xpenditures CapitalOutlay: CapitalOutlay Ercesso-f'RevenuesL ndet.Etpendintes

(589,247 )

89,816

\587,217)

(491,362)

180.668

199,639

200.000

(408,s79)

(387,578)

(297,362)

6 58 . 6 4 4

6s8,644

658,641

0

8,579

8,579

8 , 57 9

0

s258,644

5279.645

8 9 , 855

O t h e r F i n a n c i n gS o u r c e s TransfersIn .\'et Changein Futtd Balance Fund Balanc'eBegittningof Year Prior !'ear EncumbrancesAppropriated Fund BalanceEnd o/'Ycar

9l

s369.8 r6

361 90,216

s90.216

Citl'of South Euclid, Ohio Scheduleqf Ret'enues,Expendituresand Changes in Fund Balance- Budger(\'on-G.4APBasis)and.lctual RecreationInrprovententFurtd For rhe )'ear Ended Decentber3 I 2007

\rariance u'ith Bud.eetedAmounts

Frnal Budget Positive

Oricinal Revenues

SO

Final

4.ctual

0.{e,eative)

SO

SO

0

0

Expenditures Capital Outlay: ConfractualSen,ices 5rc.'sscr/Rcleuut'sL rtJer E.rpenditt,t'..s

(47,232)

Other Financing Uses TransfersOut ,\'et Change in Fttnd Bctlanc'e Fund Balance Beginning of l'eor

(41,232)

(25.000)

r4'l )7)\

(17,232)

(25,000)

47 )7)

47.232

Funcl Bolance End o/ l'ecu'

4'7) 1)

s22.232

-92-

22,232 0

s22.232

Cit-vof South Euclid, Ohio Schedule of Revenues, E.rpendirures and Changes in Fund Balance - Budget 6'on-G.1-'1.PBasis) and,4crual Road Intprovenlent Fund For rhe I'ear Ended Decentber 3 L 2007

Variance q'ith FinelRrrdoer

BudgetedArnounts

Positive

Original Revenues ProperryTaxes T^ r.ra^r,-*

*-.

t.l

Total Ret,enues

Fhal

Actual

ss39,463 62.402

Oiegative) s5 Jl7

s531,016 61,113

s534,026 6 1, 7 1 3

595,799

595;199

6 01, 8 6 5

6,066

50 794,8

794,5 80

727,711

6 1, 1 3 9

asl 64Q

120,715

2s3,649 1 2 0 , 751

230,000 109,460

23,649 11.255

3 74 , 3 6 1

3 74 . 3 6 4

339.460

]4,904

629

Expenditurcs Capital Outlay: Contractual Sen,ices Debt Service: P r i n , ' i n e l* ' "

R etirenrerrt

"'-'f

hterest and Fiscal Charges Total Debt Sen'ice Total Erpendirtrres [xcess of Revenues Under Erpentlitures

r,169,214 ( s 7 3 ,145 )

1,169,214

I,067,l7l

102.043

/57i 4l 5\

(465,306)

sqt qsl

600,000

6,018

134,694

114,157

I 0 8 , 10 9

Other Financing Sources Transfers ln

593.952

\ct Change in Fund Balunce

20,537

20,537

Fund Bolance Beginning of I'ear

t4 4qs

14Jg5

1 4J q 5

0

Prior Year Encumbrances Appropriated

36.7 t4

t4 36.7

36,714

0

s 9r . 7 4 6

s9r,T46

Fund Balattce End of I'eor

-93-

$205,903

sl14,157

Cit)'of South Euclid, Ohio Sc'lteclule of Revenues,Expenditurcsanc.lChanges in Fttnd Bulance- BudgetL\on-G--|,4PBasis)attd.lc.rtnl Sidetra Ik I nrproventen t Fund For rhe |ear Ended Decertber 3 1. 2a07

\Iariance u'ith BudsetedAmounts

Final Budget Positive

Original Revenrres

Acrual

Final

Negative)

SO

SO

SO

SO

(7)

(7)

0

7

7

7

7

0

Expenditures CapitalOutlay': ContracrualSerr.ices .\'et Changein Fund Bctlance FunclBulance Beginning of l"ettr FtrttJBalurtc, Etrdr,f |e,tt'

SO

91

Cih' of South Euclid, Ohio Schedule of Ret,enues.Espenditures and Changes in Fund Balance - Budger L\-on-GAAp Basisland .4ctual StanhopePat.kingLot Ftnd For the )'ear Ended Decernber3I. 2007

Variancewith BudgetedAmounis

Final Budget Positive

Orieinal Rer,enues

Firal

SO

Expenditures .,\'etChange in Fntd Balance /-'undBalattce Bcgittnittgof I'ear Fund Balanc'eEnd o{ I'ear

0 7 R51 () e
-95

Acrual

Oiegative)

SO

SO

SO

0

0

0

0

0

2.853

s 2 . 58 3

7 R5?

$2.853

rryr Cin' of South Euclid, Ohio Scheduleof Ret,enues,Expendirures and Changes in Fund Balance - Budget (\:on-G,4,Jp Basis)and .Acrual IssueIl Fund For the )'ear Ended Decernber3I . 2007

Bu4geted Amounrs

t: ,!:

Orisinal Revenues

SO

Final

Acrual SO

\Iariancewith Fiital tsud_se Positive fhieeative)

SO

SO

Expenditures CapitalOutlal': ContractualSen'ices Net Changein Fund Balance Fund Balanc.eBeginningof |cnr

463,908

463.908

305,908

r 58.00

(163.908)

(463,908)

(305,908)

158 , 0 0 0

1 58 . 7 4 3

158.743

158,743

305.908

305,908 .

Prior Year EncumbrancesAppropriated FuttclBolance End oJ'l'eo.

s7.13

96

s743

s158,7.13

0 -

0

s I 58 , 0 0 0

Citl,of South Euclid, Ohio Scheduleo.fRevenues,E.rpenditn-esand Changes in FtrndBalance- Budget (.\on-G.4,4PBasisland Acrual SetlerRelubil itarion Fund F or tlte I'ear Ended Decentber3l, 2007

\/ariance u'ith Bud.'eeted Amounts Original Revenues

Acrual

Firal

SO

Frnal Budget Positive (].Jegative)

SO

SO

SO

Expenses Capital Outlay: ContractualServices Net Chartgein Fund Balance Frtnd BulanceBeginnirtgof Yeur Funcl BalanceEnd of Yeat

1.251

(1,25r)

( 1? i r\

0

|?sl

I.251

| ?5r

1' 5 r

0

SO

97

SO

s1 , 2I5

Itatirtica

lecion

Statistical Section This part of the City of SouthEuclid. ohio's Comprehensive Annual FinancialReportpresentsdetailed information as a context for understandingn'hat the information in the finaniial statements,note disclosures and requiredsupplementarfinformationsaysaboutthe Ciry's overallfinancialhealth.

Contents

Pages(s)

Fin an ci al Trends........ Theseschedulescontaintrend informationto help the reader understandhou.the City,s financialperformanceand r-velr-being ha'e changedo'er time. RevenueCapaciq,..... ....510_.S1-l Theseschedules containinformationto help the readerassess the City,s rnostsignificant locai revenue.the municipaiincometax.

DebtCapaciq".............. .SI4 _ Stg These schedulespresentinformationto heip the readerassess the affordabilityof the City's currentIevelsof outstandingdebt and the City's abiiity to issueaciditionaldebt in the future.

Economicand Demogrolthic1nfornntiorr.................. _ 523 .........520 These schedulesoffer economic and dernographicinclicators to help the reader understandthe environmentwithin which the Clry'; financial activitiestakenlace. OperatingInformotion .524 _ 526 These schedulescontain service and infrashrrctureclatato help the reader understand how the information in the City's financial report relates to the se1ices the City providesand the activitiesit performs.

sources: unlessothenvise noted., theinfon'ationin theseschedules is derivedfrom the Comprehensive eylal FinancialReportsfor thereievantyear. Thecity impremented GASB Statement No. s c h e d r r l e s p,!JrirLr116 n r e c e n t i n o government-u.ide

34 in 200i;

infonnation include informatron beginningin thatyear.

5t

Citl' of South Euclid,Ohio t tt Br Cctrrrprtrte .\'el-l.r:.ce/r Lust Eigltr I'ears ( , ' l c ; c ' t t t a IB a s i . sr t . /. ! t r t t r t t I t t t q t

2007 GovemmentalActrr'ities l n v e s t e idn C ' a p r t aAls s e t s N e t o f R e l a t e dD e b t Restricted: CapitalPro.lects Debt Sen,ice Street\4aintenance StreetLighting ServerMaintenance O t h e rP u r p o s e(sl ) Urrrestricted T . o r t (t ii o v t , t ' t u t t c n t.o1lc t i v i r i e . s . \ '.r{t- s i c t s

1006

2005

S:"R,353.662 S22.'153.546 S10.8'18.365 5.732.141 1.205.795 618,196 551,299 398,261 301.415 7.511.936 $'15,205.714

10.817,930 t,228.713 868.767 s61.261 361.298 338.842 6,233.261 S'12-,866,683

12.072.013 t.230,674 161,151 581,334 398.185 295,348 s,712223 S41.965'193

( l ) N e t A s s e t s l l e s t r i c t e c l f o r O t h e r P u r p o s c s r v e r e s l t o . . t nf oi nr yt oetaarls 2 0 0 0 , 2 0I 0a n d 2 0 0 l

-sl-

2004

2003

2002

2001

s 1 8 , - 5 5 6 , 0 9 9 $r 7 , 8 0 6 , 5 5 5

s|4,677,992

9,536,999 4,689,143 619,840 6 3 8 ,319 3 8 6 , 713 449,460 6,886,696

12,331,811 4,624,328 0 0 0 2,340,095 6.541.579

| {

\xh

6\fi

1.209,362 745,178 616,735 314,740 404,799 s,689,409

s 4 1 , 1 8 2 , 9 7 8 $41,013,563

$40,521,80s

s3-

2000

$ 1 6 , r 1 0 . 3 7 1 s 15,005,34 1 10,221,386 564,07 s 0 0 0 2,507,4',71 6,937,209

7,091,825 657,98s 0 0 0 2,581,842 6,740,641

$ 3 6 . 3 4 0 . 5 1 2__Jg!lJ,63J_

C i [ o f S o u t hE u c l i d , O h i o C h au ges itt.\ ef -lr.telr l.c-.t Scr crr l sars outltingI t.1t t'ruu! Bcsisoj .4.cL

200r-

2005

2006

Program Revenues Activities:

Co!emental

Chuses for Sen'ices: General Govemmenr: L e s i s l a t i v em d E x e c L t t ier Judicial S1'stem

s 317 , 8 . 1 0 62.;10

s: 14.116 , 1 1 ,I83

sl;5,896 Lt !0i

Secwiry' ofPersons and Propenl'. Police Ftre P u b l i c H e a l t hS e n i c e s

661,.r24 19i.i29 18,029 )).)Y I

Leisure Time Activities

i 1., /o

De! elopment

Comuiry

Building Department TrnnsportatioD B a s i cU t i l i r l S e n i c e s Swimming Pools Operating Grmts, Conn-ibutionsand Interest

94,5.{3 9 8 . 8i 7 1.200.3 21 114,041 9 1 0 ,180

t tl,970 i 26,040 t2,796 14.440 22.0t2 51,301 89,006

i 2 8 , 4 6I I2,693 t 5 . 0 i1 l 9.959 62,i0.1 96,845 2,957.3t1 lt I,-11i I,0i2,575

1 qid s?R

t47,6i4 9?8.112

Capital Grmts, Conrributions m d C a p r t a lA s s e s s m e n t s

6 9 3 .716

24.468

86.315

Totu I G uvtnr tttorto l,.l c ti\ it i cs Progrant Reventres

6.153.145 _

5._s03.772

5 . 3 1 4 ,70 1

2 , 4 0 1 .348 490.694

?.423.752 46i,068

2.t49,780 419.808

5.282.l0l r sr4 5qi

5 , 2 0 2 . j I. { 3 . s8 i . 8 9 7 13 0 , 7 18 31'7,023 2Q4,104 646,628 j,ll8,l60 j , 32 ? . 4 i5

4 , 6 0 0I,2 0 3.552,050 t 2 7, 6 0 9 385 . 1 6 1 219,507 587,553

Erpenies Gol'emnental Activities: General Govemntent: I-esislatir e and Executile Judicial System Secrriq ofPersons md Properg': Police Fire Public llealth Sen'ices Leisue Time .A.ctiYities Commuiq' P,'il/'--

Development

h.-.rncnr

Trmsponation BasicUtiliq Senices Su,inmriog Pools lnterest and Fiscal Charges To i o l G, t, t r t ii t tct tio/ .{ ( iir iti(\ 5'.7cl-ir:r frt tl P,tne' \ G,t, LLtttn,ty .\'.,1f.tpil.u

l 15,702 I.065,090 2i6.405 '7)7.700 3,322.800 3,028.241 i 7 9 . iI I \.19-7 .241 2 2 . .1<2 . 5 ? 6 ( 1 5 . 7 5 8 . 7) 8 1

1 1i1 )16

2 , 59 0 , 4 2 5 442.493 49l.ll0

i ,11 .225 496,9i0 )n l(o Rio

-

( 1 , 1 .586 . 0 8)7

1 8 . ,1i 7 . 8 8 6 (l i.001.869)

G t n e r a l R e v e n u e sa n d O t h e r C b a u g e s in \et.A.ssets ities Govemnlental .4.cti., Tues: Propern Tues Leried For General Purposes Debt Sen ice Capital Projects Other Purposes lrluicipal LncomeTues

4.i18,695 456.913 5 4 6 . 81 9 2 5 0 , 79 8 8.997.t44

4.005,660 4 8 7 , 98i 549,010 7,i09.,126

3. 9 4 5 . 7 1 8 4 9 1, 2 i6 558 . 4 2 2 l4 328.9 9,209 5.88

2.29?.053 0 r. 0 1 4 . 9 2 1 0 220.916

1 , 18 6 . 8 57 2i.217 7 6 6 .7 88 42.5t5 152.-',\74

2 . ri 2 . 7 9 8 0 45 9 . 9 9 5 0 7 9 . 8 23

l1Q

SQ?

Grmts md Enritlementsnol Restncted to (^"cifin

Pramzm<

hcrease in lnvesrment in Joint Venrure hvestment Emirgs Gair on Sale of Capital .{.ssets lvlrscellmeous Tc;talG otent ruerttal,1c t it it tes

18.097.812

15.75 . 117 ' l

1i.786.18,1

TcttqlPnnrut', Gorcrtrilett Cirqtryt l' .\'
s1.339.0ir -s4-

s901.190

s78?.315

?004

200i

s 21 2 . 5 1 4 !)

7t)

4iR I Ol

32'1 ,875 I 0 0 , 201 1i , 59 0 I07,0 16 I40,514 55,040 2 . 9 51 , 8 5 6 I i2, I 4-1 9 6 8 ,9 32 _

2002

s 8l , ? 5 7 180.591 63,96 l 3 31 . 9 0 4 0 i7,390 l 09.i37 i57,593 9.202 2.938,776 I56,078 926,987

262.868

200l

s6{.I 26

?6.0-71 ? 6 8 . 3I 8 0 l6,i 67 98.I 44 i0{,627 2 . 7 i5 , 58 1 1 6 2 ,I95 797,868

4 9 , 7t 0 1.62 1 0 i8.942 70,682 141,140 I3,074 37,958 I66.060 j,740,5 95

2.690.808

672.508

5 qdi

5,7ji.0il

6 . 1 , + 6 . 4 6 2* -

7.639.065

?,t4?,418 453,624

I,978,910 .150,.125

1,953,365

4.501,705 I . 31 4 . 6 8 4 I 3 6 . 561 525,902 l 82.993 619.424 2.581,269 2 . 6 5 6I .4 6 102,414

r8.j18.996 (12.565.e6i)

3 , 9 35 , 4 38 525,600 {
228,606 5 rsF isl

2,432,45i 0 163.416 0

4,342,104 3 ,I i 9 , 7 0 1 I68,765 522.s61 207.347 734,635 3,382,764 i . 0 9 8 I, 0 0 169,297 108.094 l9.llj,jjs

1 7 1 S) l

4 . 0 8 5 , 78 1 2.854,567 1 3 2 , 4I1 387,88i 307,024 6 5 7I, 1 4 2,16't,781 ?.368,217

2 0 8I.7 0 6.005,698

41.400 2 6 4l,l 8 0

_

5,.192.981

r,89s,080 I7l ,50.1 3,853,172 2.665,317 t57,t73 4!5 a{?

243,778 563,338 I.928.058 2 . 0I 9 , 6 6 9 146,909

445.491 16.506.445

n 2 . e 6 6 , 8 7 6 1_ l 8 J q $ g f

I,597.642 480,627 s / q r ar

s lt 7 . r ) 4i6.86-1

4,18.288

15.224.585

____19.731.604)

j . 6 83 . 1 . 1 3

j.553.39 I

490,604 5 5 7 , 055 20'7,0t4 5.571,7.1i

481,170 5,{9.581 207.006 5,897.t27

t , 9 2I . l 9 0 l0i,518 472.003 9.800

2.324.6t0 I63,469 635,777 Ida 7)i J J.O: J

I1.7i5.i78

Ij.r58.6j4

1i.048.67j

13.994.479

S1 6 9 . ,51 1

S r 9I . 7 5 8

s.t.l8l.29i

il )6r Rls

-s 5 .

Cih of SouthEuclid,Ohio Futtd Balances. GovernntetttalFturds Last .\:ine |'eors ( I ) (.\ f ctd tli ed . c c'n ra I B as is o.f .1c c cttrt t t i ttg )

2007

2006

2005

G e n e r a lF u n d Resen,ed Unresen'ed

s216.121 5 , 0 6 07. l3

s98,956 3 . 975. 8 1 8

s99,302 3 . 8 4 8 ,92 3

Total GeneralFund

s , 37 0, 0 9 2

4 4.056.17

3 . 9 4. 7s 4 1

t,172,610

1,868,74s

718,116 7i 6,932 1 , 9 0 17, 3 I

946,986 712,s89 6,952,153

851,780 73s,471 7,962,465

?.2.826,811

8 I 0,41.+,93

A ] l O t h e r G o v e r n m e n t aF l unds Resen'ed Reportedin: Undesignated, Unreserved, uQv n e !er n q ri e l

R evenne

l 9 , 4 3 0 , 61

fir4615

Debt Servicefunds Capital Projectsfhnds Total All OtherGovernmentalFunds

s 2 8I, 3 3 , 9 2 9

Total Governmental Funds

s 1 4 , 5r ,07 1 2

11,418,461 s15,366,002

(1) Informationprior to 1999is not available.

GeneralFund Balance Unreserved o

q

o

{

;

2 = 2, l

fl

2001

2006

2005

2004

2003

2002

-s6-

2000

1999

a

2A04

s1 5r , 3 s 9 3 , 8 0i , 6 4 8 3. 9 i 3 . 0 0 7

g7) 4
943,201 6lg,2gg 10,286,763 t2,840.717

2003

2002

2001

2000

1999

$161,3lg 1,634,25A

s1 4 5 , 4 3 4 4,751.166

s204.8 15 4,789,106

s336,574 4.741,657

+,ro+.4 //

4 , 1s9. s 6 8

4,896,600

4,993.921

5.078.231

4,760,035

r,012,722

247,085

422,301

1,328,236

I , 11 7 , 5 8 5 631,87s 10,268,190

r, 4 5 6 , 5 0 1 5 t6 , 3 5 7

l 3,030,3 72

$16,793,724------$ 1 7 , 8 2 5 , 9 4 0

16,296,397 $2t,192,997

-s7-

l.J)),J)

/

1,041,451

)) y).))d

|,323,t16 491,534 4,917,999

3 , 9 s, 7t 0

t4,97 6,903

7,214.950

6,815,648

s 19,970,824

$1 2 , 2 9 3 , 1 8 1

s)7 ??(

t,442,397 48 7 , 3 0 5

$ rr , 5 7 5 , 6 8 3

C i t r o t S o u t h I l u c l i d .O h i o ( ; ' , t , i - t . i ] i f l r i , ; r8 , i i , r r i , ' s . ( ; , \ ( t i.;.; \1r;. ),;;,

\tr?:tii

i tt];il:

.

. 1 , / , , : ; ; / i i , ; , 1I: r _ : r a .I : : t . : , t " 1 t . . ' t ,t i : t i t : .

*_

ioj;

t006

_

1005

200.1

s5.:-9.E-E

S:.165.:l-

5 . _ < 9 l19. - i 2 . E 19 . 8 E 9 1 . 2 0 _ {l ._61 'li9,t9:

_ i . 1 . 1t9E.l

R e re n u e s Pr.^-'h

lnl

alth-'

5i,i0i.0s6 s.5:..1. I I -1 1 . 0t 9 .E , 1 6 I 96i.660 l.ci-1.91r " i l6 . 6 i 5 i1':.2r16 620.r05E;.1-1.1 2 2 0 . r96

Trr"(

lncorneTares Speciai.\ssrssm:n!s L n t e r g o v e me nn t a i htcrsst F e e s .L r c e n s e sa n d P e n n r t s Fin:s md Forteirues Renrals Chareestbr Services Other l'ottt.

S : . l 5 i i .I : 9 t r . : 4l . - 1 - - 9 t . 6 . 1t . l 2 9 - 1 . 1 1I . 1 0 0 oo.i o

? . E " e . 1 I: L 0 1 6 . 88 0 lii,il6

606.1-1j

o )t o+{

i3.{.101

5:E.i46

J-t.9E5 l8l.n6

r2l.5l9

I ) E.6E; 106,5 9E

li:

1.16.5,16

:il

r9.6,::

l5l.lr,1

19.065.2i6

RLtt'ttttcr

166.-92 _ 1. ' 9 i lS.2ti4.9l0

Expenditures Cwentl GeneraG l o v e m r n c n lf l r G c n e r a lG o v e n u n c n t

l.lsl.914 4tt 8r0

L e q r s l a t i v ea n d E r c c u t i i , e J u d r c i aS l r.stcrn

2,121.39.) rlji.i 96

:.I'r0.190 .126,9:9

2 .t r l . 5 i 3 1l:,lb6

I . E . 1 26 E l

.1.522..15fi

1..1s.1.9E9 l _ 1 0 .71E

1.400.619

37 0 . 6 0 i

_ l {I . 4 0 0

204.10.1

2 I 9.501

Securin of Personsmd Property {,1) Securiq of Personsmd Pfoperl!

i.I 16.,101 i.E6?.76E Il).702 400.970 216.105 r 1.1.860 2 . 2 i1 . 0 _l ? 2.?3C.:20 2 9 E . 7l 6 I 0 . 0t 4 . 1 6 3

Police Frre P u b l i cH e a l t hS e n i c e s [ - e i s r c T r n r eA c t i v i t i e s Comrnuilv Deveiopmcn( Buildinr Departrnent Trmsponation Brsic Utilitl Scn rcc: S r v i m r n i n gP o o l s C a p i t a lO u t l a y

l.E2l.60i

-1.20E.7il

4 . 1? 6 i.0 2 _ t . 2 ? 9 .?9 i i ll6,5r6 39i.?r7 l 85 . 6 6 9 517.410 I.r79.640 i,910.r02 3 i 1 . 6 I2 2 . 56 1t,i85

1.1ri.4.11 .1I i._iI E __

1.0?0.655 :j .291

I . 0 19 . 2 1 5 .160. E6_i

20.50t.jr0 _.

r9.619.07E

(1.{lS.ll.r

{l.39.l.l.1lir

l:.7.609

613.6i9

i69,;^66

L7,lE.92ti

1 . 9 { 0 . -j i9

2.i-15.250

LS10.926

27'1.113

266.658

DebtSen,icc: P n n c i p a lR e t i r e n r e n t Intercsm t d F i s c a lC h u g c s I t)Iui [..\L,tt;i/tIxr(\

-_

I t r < ' - ror / l , t t c n t r a s O L a t L ntit r t [, t pt,tkl t t urct

i.315.52,1 ,i20.601

2 e . 9 9 6 . t 1_1 _ _ 2 | . 1 2 5 . 9 6 2

__

(i.,12:.62:i

(1.391.507t

r-..1 6ti t . 0 i 2 . l :I I-.000.r)00

I1l.la3 0 0 0 0

O t h e r F i n a n c i n g S o r r r c e s( f i s r s ) S a l eo i C a p i t a lA s s e t s O\\'DA Loan Procecds B o n d . A . n t L c i p a t iN o no t e I s s u e d G c n e r a lO b i i c a t i o nB o n d s l s s u e d P r e r n i u mo n G e n e r a lO b l i c a t i o nB o n c l s G e n e r a lO b l i g a t i o nN o t e s i s s u e d P r e m i u n ro n G e n e r a lO b l t g a r r o nN o r : s OP\\'C Loms lssued inecntirrn nf l- rnitrl

T pr
T r a n s f e nl n Trosfcn Out 'It)t.i. ( . ) ! i ) r iF ; , t i t t t : i u ! J , , j / . : a \ , a i . ' / \ , " C i i , r , i r rt r F t r n l B r t i i t n e :,

__

0 0 0 0 0 l.650.ijlt (1.650.-14:r

a 0 0 0 0 0

: I i 6.961 9 . 1 i .t r 0 0 r 9 Ji . 0 0 0 )

19.0_r9.E_19 S13.6-rl.ll-

t 0 . 1 1l

0 - t 2 . 9 1i (:,12.91i1 -_-.

6.01l

() (.)

0 0 0 0 -1):.909 u 40-.500 /.10:.50(i)

I0.,112 (SE6.i.290r

(SI.1l'.-l2i

(Si.012.2l6r

D e b t S t n r c : a s a P e r c e n t a r :L ' f\ o n ; a l r r a . Erpenciitues

Ell1.o

/ I ' I n f o m a t i o n p n o r l o 1 9 9 9i s n o t a l a i i a b i e i l , G e n e m lG o r e m r n : n t r a s s h o q n ! n t o l a i f o r r e u s 1 9 9 9a l d 2 0 ( t 0 r j I S e : L r n ' )o f P e r ; o n : a n J P r o p e r y q a i s h o * n i n r c t a l f o r v € a n 1 9 9 9m d 1 0 0 0

-s8.

9ioo

tj'

9 i?o

2003

2002.

2001

s 4 . 7 6 7 . 8I 5

s1.9-12,050 5.729.709 2 . 8I 0 . 5 6 6 _<.664.5 8E 4 r'2,003 604.0 I2 4 5 0 , 7I1 4 2 . 53 0

s4,733.563 5.480.272 2.838.3,i-1 3 . 97 1. 8 0 7 679.836 I 6 9 , 7 93 46?,9 I5 9 7 , 3i 9 28.1.989 48'-i70

il

I8.7lE.-i0i

l?.2ol.ll0

:. JY.l)b

2.73t.182 J.t)).iLl

261,1 l8 j-48,651 4 8 9 , 803 I05,891 1 0 3 ,336 I 7 . 12 8 i 8.901,237

I.955.867

; /b.J )y

71.598 ?t.061,t26

l,954.740

4-1-1,_i 59

1.1i8,466

i()

r9 9 9

i]6

5 , 38 i . 9 2 4 -1.617,,19i 7 0 3 . i 9I I71,610 360.9'7 6 94,913 3i 1.706 166.704

54.475.0,1 I 5 , 4 0 4 ,017 1.9,13,302 5.):t.t /h

57 0 . 9 7 8 I 38 , 9 0 3 414,642 94.I 04 456.990 I78.860 t7,2ij.a03

2.30t,392

2.103,982

6.746,90i

6 , 613 , 37 9

t,914,?56 3 1 0 , 0|7

1 , 8 8 70, 15 2 . 7 7.7t t 7 I I I,,1E3 360.608 l 39 , 6 8 8 630,633 I,5.17,080 r,9E l ,r 5 2 4 9 EI,3 4 8.339.6'72

r , 8 53 , 6 9 0 2.s69,111 i I0 ? , 98 334,'121 r 10,.164 5 4 4 , 853 I,480.690 1.930.490 493,966 2,143,991

0 1.540,18.1 I,520,2E1 2.399,172 0

| , 4 3 7, 9 6 3 2 , 3I 4 . 4 8 6 0

9 , 3 4 2 . 8 4I

6 . 3I 8 . 7 3 4 185.878

1.39.{,639

I.369.4.18

I,3i4.265

3 2 , 5I t . 6 8 6

29.214.580

17.824.170

17.597.0r./

l?,821,281

2.978,,182 I 68.765 461,343 707,315 I t9.U6 I,675,86 I r,968.487 46I.665 7 , 5I 0 . 8 7 4

_

2000

{13.610.449)

f8.t?0.4j{)

2,731 0 0 9,400,000 20,071 0 0 820,587 0 3 4 8l, 0 3 ( 3 4 8I.0 3i

32.6'77 0 0 0 0 8,900,000

10.243.392 (5-1.361.057)

lJ,ol /

416,333 0 r,403.833 ( 1 . 4 0 3 . 38)3 9.392.62,1 51.222.173

4'i .20,,o

9l,l38 8r5.116

(135.907)

2l I,625 0 0 0 0 5.900.000 6 , 19 5 665.490 0 1.802.7-it ( i . 8 0 2 . 7I )i 6 . 7 8 3 .l t0 5i.677.U3

I 2 .1e ;

98,340 7 5 6 , 251 5 0I , 0 6 8 0 I ?(f or?

(58E.380)

0 0 0 0 0 r.000,000 0 i3,405 0 E 71 . 30 0 ( 8 7I . 30 0 )

0 0 0 0 0 I,000.000 0 0 0 E?5.000 (825.000)

I Oil dni

t ^^0.000

7.498 s71

s.lr 1.620

t0.29'"

-s9-

Ciry of SouthEuclid,Ohio lnconre Tat RevenueBase and Collections lasr Sr.r'\'ears ( I t

Tax Year(2)

Tax Rate(3)

TotalTax Collected

Taxesfrom \\'ithholding

Percentege of Tores from TaxesFrom \\.ithholding NetProfirs_

Percentage of Taxes from \er Profits

Taxes From Individuals

3.649/o

s1,89 1,747

Percentage of Taxes from irdividuals

2007

2.00 0,,o

2006

2.00

7,309,126

3.830,126

5 24 0

229,265

3.14

3 . 2 50 , 0 35

44.46

2005

1.50

5,889,209

2,720,12t

46.19

l 64,850

2.80

3,004,23 8

51.01

2004

1.50

5,258,353

2,458,664

46 76

8 0 , 5l 0

1.53

2,719,179

5l 7l

2003

1.50

6,005,698

2,854,627

47.53

249,266

4.15

2,901,805

.18.32

2002

1.50

5,573,711

2,373,t68

42.58

24i,983

1.15

2,952,590

)_ 9,'

s9.997. t 44

53,777,901

41.99o,'"

s327,196

54.310,'o

( l ) I n f o r m a t i o np r i o r t o 2 0 0 2 i s n o t a v a i l a b l e . (2) 2002 through 2007 are on an Accrual Basis. (3) The city's income tax rate was increasedby a majoriry,vote of residerrtsin August 2005 and becameeffective January l, 2006.

IncomeTax Collections for the Last5 years (in Millionsof Dollars)

$10

_,1 j

qo

.-l e7

$4

qn

2005

2004

tr Withholdingtr Net Profitstr lndividuals

Citl' of South Euclid, Ohio I nconte lan -Statisric.s Orie ) ear .4go and Si.r l ecrs .lgo

2 0 0 6( 1 ) hcome Range

Numberof Filers

s0- s24,999 - s49,999 s25,000 s50,000s74,999 - s99,999 s75,000 OverS100,000

2.306 |,147 r.307

Taxable lncome

640

31.26% 25.95 19.42 1 08 6 9 . 5r

s 2r , 4 2 4 , 951 64.901,789 8 0 , 1I 4 , 2 0 2 62,906.57 4 88,862.996

6,731

r00.00?;

s318,210.476

/31

Total

Percentof Filers

Percentof TaxableIncome

6.73% 20.40 2i.16

t9.77 27.92 100.00%

200r (2) lncorne Ranqe

s0- s24,999 s25,000- 849,999 s 5 0 , 0 0 .0s 7 4 , 9 9 9 s 7 5 , 0 0 -0$ 9 9 , 9 9 9 Over$ 100,000 Total

Number of Filers

2,605 2,206 l,502 't06 < 1 4

7.543

Percentof Filers

34.54yo 29.25 r9.90 9.36 o .v ) r 00 00%

(1) tnfbrmationfor 2006 is the most currentavailabre. (2) Informationpnor to 200 I is not available.

-slr

Taxable hcome

26,-t35,621 82,287,624 92,021,417 60,441,804 71,616,224

s333 r r8,690

Percentof TaxableIncome

8.03?6 24.70 27.62 18.14 21.51

r00.00%

C i t y o f S o u t hE u c l i c l O . hio P t-incip aI I nconte Tar r,tat.ers Cun'erttt'ro,' ord Fot.rt.)'eot-s ,1g'o/Caslt Basis)( ll -: I - h ef o l l o r i n - qa r er h ep r i n c i p aIln c o m et a \ p a \c r s i n r h eC i r r: r a n k " ciln o r c l eor f p a rr o l l r r i r l i S o l c i i n g

_

2407

'farpa-vers Ranl:ins

SouthELrclid-Lyndhursr Boardof Education UniversityHospitalsHealthS1'sten-r Ciry of SouthEuclid GlasticCorporation Universiq,Surburbarr FlealthCenter Cu1'aho_ea County NotreDameCollege Riserlroods Transdigm luc. Urrir.ersityDernral'olorists

2003'l'axpayers

I 2 3 4 _s 6 l B v l0

Rankinq

SouthEuclid-l-yndhurst Boardof Education TransdigrnInc. City of SouthEuclid GlasticCorporatiorr UniversirySurburbanFlealthCenter Allergy ImrnunologyAssociation Inc. ClevelandPhysicians RiserFoods NotreDanteCollege Cu1'ahoga County

I '2 3 4 5 6 1 8 9 t0

Due to le-ealrestrictions and confidentially reqr:irernents. theCi6'cannotciisclose the amount of u'ithholding. (l ) lnfonnation p r i o rt o 2 0 0 3i s n o t a r . a i l a b l e

- s12

Cih' of South Euclid, Ohio R.atio o{Out.startdittg Debt ro 'T'otel Persotta/ /rtc..ttme and Debt per Cacita L a s t . \ ' i t t e ) ' e a r . t/ l t

Governmenul Actiliries

Police

_

General Obligation Bonds

Year

Sneciel

Assessment Bonds

and

OP\A'C Loans

O\\DA Loans

Fire Leases

Pensron

s 35 6 , 5 4 6

sirs,02i

General Obligation Bond Antrcipation Nores

200i

s8,842,976

2006

9 , 7 11 . 0 3 8

3,10,000

1,856,693

2005

10.586.506

i 75.000

r,966,i00

0

0

326,720

0

200,+

1| , 1 7 1 , 9 9 1

405,000

2,216.05i

0

0

j j1 noq

0

2003

12,089,991

4 35 , 0 0 0

I glQ

0

337,4'7 4

0

2002

3,00s,000

460,000

l,l46,tl2

0

,142.520

8.90C).000

100I

3.542,4.5 8

.18 -5,000

7 18 , 8 9 5

0

iJ7 I 5R

5 , 9 0, 15 1 9

2000

3,E73,513

51 0 . 0 0 0

53 , 4 05

0

0

l5l,997

l,000,0r

1999

4.181,r08

5 35 , 0 0 0

0

0

0

I 56 J4i

1.000,000

st05,000

s1 . 7 4 7 . 0 8 6

sI ,974.401

2 91 . 8 5 6

I 1J.

( l ) Information prior to 1999 is not available. ( 2 ) T h e p e r s o n a l i n c o m e a n d p o p u l a t i o nc a n b e f o u n d on S12

T o t a lD e b tP e r C a p i t a L a s t9 Y e a r s

1600 1400 1200 1000 o (g

800

o 600 400 200 0 2007

2003 YEAR

- s14-

2002

,120,991

sI8.800.000 1.800.000

Pp"n..t.-.

Total Debt

of Personal Income (2)

Per Capita(2)

$ 3 2 , 3r4, 0 3 2

6 . 14 o / o

1 4 . 302. 5 8I

2.72

608

t3,254,526

252

563

t 4,128.256

268

600

r4,791,s92

281

628

13,85-?,852

2.63

s89

10,995,260

2.09

461

5 , 7 8 8 , 59 3

L10

246

6,072,553

1.58

f < /

s 1,374

- s l 5-

City'of SouthEuclid,Ohio Ratio of Gertet'alObligation BondedDebt ro Esrintared Tt'treI''aluesand Bonded Debt Per Capira Last \:ine I'ears (l t

Estimated True Values of Taxable

Year

(2)_ Population

Prnncnr _

2001

?1 Si?

2006 2005

/

/

{

{

h

\

{

/

h

\

{

/

h

2004

" v y v L t )

Bonded Debt(4)

/ 1\ \ r , /

1 3 , 0 7 2 ,14 9 51,3 1,336.234,226

$8,842.976 9 , 7 1I , 0 38

Ratioof Bonded Debtto Estimated True\/aluesof TaxablePropert)' 0,61%

Bonded Debt Per Capital 5J/)./l

4.13

412.59

| ,224,421,930

10,586,506

0.86

449.78

1,221,430,277

I 1, 1 74, 9 9 4

0.91

4 74 . 1 8

12,089,994

1.00

51 3 . 6 6

2003

)? q?7

1,211,632,103

2002

r1 5?7

1 ,i 1 4 , 3 1 8 , 5 7 0

3,005,000

0.21

t27.67

2 0 0I

I , 11 0 , 251, 6 2 3

1 5 4 ?4 i R

0.32

150.51

2000

I , 11 3 , 0 7 2 , 8 2 0

3,873,513

s 0.3

164.57

1,016,244,347

4,181,108

0.41

1l5.19

t999

)1 R66

Sources: ( I ) Information priorto I999 is not available. (l) U. S. Bureauof Census, Censusof Population (a) 1990FederalCensus (b) 2000FederalCensus (3) Cuyahoga CountyAuditor (4) Includesali generalobligationbondeddebt.

- s16-

City of SouthEuclid,Ohio Contptrtttrion of Direct and Overlapping Got,entnrental ,4ctiviries Dehr D c c e n t b e r3 I . 2 0 0 7

Jurisdiction

Governmental ActiviriesDebr Ourstanding

Direct - Citl of SouthEuclid GeneralObligationBonds SpecialAssessment Bonds OPWCLoans OWDA Loans CapitalLeases Policeand Fire Pension NotesPayable

s8,811.976 305.000 I,747.086 1,974,401 356,546 315,023 18.800,000

Tota!Direct

3 2 , 3 4, 1 032

Overlapping SouthEuclid-LyndhurstCity SchoolDistricr General ObligationBonds ClevelandHeightsSchoolDistrict GeneralObligarionBonds EnergyConservationBonds CapitalLeaseObligations CuyahogaCounri,(2) GeneralObligationBonds RevenueBonds CapitalLeaseObligations LoansPayable ClevelandFleightsUniversiry HeightsPublicLibrary CapitalLeaseObligations GreaterClevelandRegional TransitAuthoriry GeneralObligationBonds SIB Loan Tota/ Overlappin,g Debt

510,627.964

Total

9,040,000

Parna- rr ae A nnlinahlp

t oC i t ] , ( l )

100.00% 100.009'0 100.00o2i, 100.00% 100.009,0 100.00% 100.00%

Amount Applicable r oc i B ' o f SouthEuclid

s8,842,976 305,000 |,74'7,086 1 , 947, 4 0 1 356,s46 315,023 18,800,000 3 2 . 314. 0 3 2

93.19ri

I 45r 4q6

I3,872,000 4,485,000 255,000

6.51" 6.51% 6.510A

903,067 291,9i4 l 6 , 6 0I

I 94,648,000 I 01,906,000 27,003,000 7,293,000

1 40% 1.4004 t.40% 1.400h

2,1?.5,072 1,426,684 378,042 10 2 ,012

65?,641

6.5loh

42.481

1 4 7 ,835 , 0 0 0 4,08 ,320

t.40% 1 40%

s542,968,996

( I ) The percentage of grossindebredness of the Ciry'soverlappingpolitical subdivisionsrvasdeterminedby dividing eachoverlappingsubdir,ision,s assessed valuationwithin the City by its total assessed valuarion. (2) The specialtaxing districts'debt (which includesthe clevelandMerropolitan Park District,cuyahogaCommuniryCollegeandthe cleveland-cuyahogaport Authority) is includedin the Counrytotal. Source: CuyahogaCounryAuditor

sl7

2,063,390 5'7.236 16.4-i8,l5l

s 4 8 , 7 9 98,31

C i t l o f S o u t hE u c l i d ,O h i o LegulDebt .\4urgin L a . t t . \ ' i r t e I ' e a ts | | i

2007 Populatron

23.537

Total .A.ssessed Propelr,rValue

S-1_i 9.-186.i 60

2005

2 3531 I 61_5 sl6-i.05

200,5 2 3 . 5_ 1 7

s{:8.I 96._s00

GeneralBondedDebt Outstandrng: GeneralObligationBonds

S8.30,1.99,1 30 5 . 0 0 0 18.800.000 1.747.086 1.971.401

s9.219,991 340.000 1.800,000 1.856.693 0

sr0.239.991 37 _ i . 0 0 0 0 1,966.300 0

31.131.,181

13.216.681

12.581.291

(i 0 5 . 0 0 0 ) (1,747.086) (1.974,40r) ( 6 3 ,14 9 1 )

(i 1 0 . 0 0 0 ) (r,856,69.r) 0 (6 1 4 . 4 0 0 )

( 375 , 0 0 0 ) 0,966.300) 0 (586.697)

Total Net Debt ,{pplicableto Debt Limit

2 6. 4 1 3. 5 0 2

i0.455.591

OverallLegal Debt Limit ( 10 ,1 o,;'of Assessed\Iahration)

48,246.()68

4 8 . 83 0 . , 1 2 3

Snecrrl A sqe(cmerrt R61j5

Bond AnticipationNotes OP\\'C Loans O\\'DA Loans fotal GrossIndebtedness Less: SpecialAssessmentBonds OPWC Loans OWDA L.oans GeneralObligationBond i{etirenrentFund Balance

I-eealDebt lvlarcinWrthin l0 ),'io.,o Lintrtations

S2l-7 t-2.566

Legal Debt Margin as a Percentage of the Debt [-rntit

UnvotedDebt Lirnitation 5 i.'!% of AssessedValuation

4 5 ,I 3 e ' o

--

fotal GrossIndebtcdness Less:

s 2 5 . 2 7 r . 7- 5 0 3l.1ll.rl8l

SpecialAssessmentBonds OP\\IC Loans

( 30 - s . 0 0 0 ) (1,717.086) (1,971.401) (8 , 3 0 1 . 9 9 1 ) (631.492\

O\\rDA Loans V o t e dG e n e r aO l b l r g a t i o nB o n d s CeneralObligationBond RetiremenrFund Balance N e t D e b t\ \ - i t h r n5 ' : n o L - i n r r r l t r o n s

r 8 . 16 8 . 5 0 8

LInrotedLegal Debt lrlergrn \\'ithrn 5 i.i o,oLimirarions

s7.103.242

Unloted legalDebt ir{argrnas a Percenrace of the U n v o t e dD e b tL r m i t a t r o n

2 E .l i o , b

Source:Cin FinancralRecords ( 1 ) L n f o r m a t r opnr i o r t o 1 9 9 9i s n o r a t a i l a b l e

-sr8

s 38 . 37 4 . 8 2 9

9 . 6 5 3 , 27 9

4 4 . 9 6 0 . 633

s35.307,336

78.599',0

7 8 . 530 , ;

S 25 . -7i 7 , 8 , 1 0

s2 1 . 5 i0.808

t3.27 6.687 (1 1 0 . 0 0 0 ) (r,856,693) 0 (9,279,991\ (614.100)

I2,581.29.1 (375,000) il,966.300) 0 (10,2i9,991) (586,697)

I .I 7 5 . 6 0 0 sl4.40r.ll0

9i 40e'o

s 2 3 . 550 . 880

i00 009.0

2004 /.J. rel="nofollow">5 /

s428.020,457

s t 1, 1 74 , 9 9 1 405,000 0 2,216,053 0

2003 / 1 t a /

s 4 2 4 . 9 5 66. 85

sr2 , 0 8 9 , 9 9 4 4 35 , 0 0 0 0 |,929,121 0

2002

200I

tJ.)J /

s 389 . 6 4 9 . 9 4 4

l 999 23,53,1

- ' i \ i /

\

1XX

\

i\

X6X

_ s391.349,144

s3,542,4 85 485.000 5 , 9 0I , 5 4 9 718,895 0

s3,873,533 510,000 I,000,000 53,405 0

s4,181,r08 535,000 1.000,000 0 0

t0,647,902

5,436,938

5,716,108

14,454,118

1 3 , 5I 1, 3 1 2

(405,000) (2,216,053) 0 ( s 2 8 .128)

(435,000) (1,929,124) 0 (480,323)

(460,000) ( r ,r 4 6 , 3 3 2 ) 0

| 0 , 6 4 6 , 767

1I , 6 0 9 , 6 7 1

11.47s.732

9,070,868

4 , 5 1 2 .178

44942.148

44,620,440

40,9t3.244

40,796,266

4t . 0 9 1 . 6 6 0

76.3t%

s23,54r,t25 t3,796,047 (40s,000) (2,216,053) 0 ( t | , 1 74 , 9 9 4 ) ( 5 2 8 . I28 )

$ 3 3 , r00 , 7 6 9

s29,437 .s12

73.98%

7t . 9 s %

$23.3 7 2 , 6I I 14,454,118 (435,000) (1,929,124) 0 (12,089,994) ( 4 8 0 , 3 2) 3

s21.430.7 47 13,511,332 (460,000) (1,146,332) 0 (3,005,000) (129,265) 8.470.732

J1J

54r,125

100.00%

s23,372.611

r00.00%

5357,742,347

s3,005,000 460,000 8,900,000 |,146,332 0

13,796,047

q14 7A5171

23.866

s I 2 . 9 6 0 . 051

60.47o/o

- s l 9-

(48s,000) (7r8,89s) 0 (373,r39)

q 3I 7 ? 5? q r

( 5r 0 , 0 0 0 ) (53,405) 0 ( 3 6 0 , I85 ) _

89.02%

s21.369.473

s21,524,203

(48s,000) (718,89s) 0 / ? s 4 ?4 s R \ \ . \ .

, - \ . J v )

(373.139) 5.528.410 s15,841,063

74.13%

4.81 .062

37,s62,946

s36,578.942 ___-S3I:U8t

77.77%

10,641 ,902

_

(535,000) 0 0 (370,046)

87.19%

slg 575R?q

5 , 4 36 , 9 38

5,71 6 ,I 0 8

( 51 0 , 0 0 0 ) (53,405) 0 (3.8 73 , 53 3 )

(53_5,000) 0 0 ( 4 ,8 11 , 1 08) (370,046)

1 1 6 0R 1 s \

5 ? qrt s

s20.88i,0i8

97.03%

6?q qi4

s19.015.S75

96.80%

C i t l ' o f S o u t ht l u c l i d Pr itrr.ip uI En p Itt.t.r: t-.s Cttrre rtt ) eat' ctrttlOne I'eur..JLo r I 1

------2007 \unber of *_Emploiees

Emplo),er S o u t hE u c l i d - L v n d h u r sBt o a l d o f E d r L c a t i o n N o t r eD a m e C o l l e g e N 4 a r cG l a s s m a nI n c .

440 415 .).)/ i73 ).61 ll3 1 a a

Universitl.'HospitalsHealth Sl,stem Cul,ahogaCounq,Auditor Ohio Bell Citl' of Sor-rth Euclid G l a s t i cC o r p o l a t i o n

r99 t75 162 156

Universit) SurburbanI'lealthCenter R i s e rF o o d sC o m p a n ; , Total

2.637

Total Ernplol,menru.ithin the Citv

n/a 2006 Numberof Entployees

Emplo_ver N o t r e D a m eC o l l e e e

566 410 331 )67 t99 19?t15 156 135

South Euclid-L-yndhurst Iloard of Edr.rcation N4arcGlassmanInc. C u 1 ' l h o e aC o u n r l A u d i t o r C i r y o f S o u r hE u c l i d University SurbnrbanI-lealtliCenter G l a s t i cC o r p o r a t i o n Riser FoodsConrpanl, \\IalsreenCompany Transdiern

1 A / ..1

Total

I

T o t a l E m p l o l ' m e n rt i ' i t h i nt h e C i n

s-zl I

n.'a

Source: RegionalInconteTax .tgenc,r, ( I ) Informationprior to 1006 not ar.aiiable n / a - I n f o r m a t i o nn o t a v a i l a b l e

st0

, hio C i q " o f S o u t hE u c l i d O Dentograpiticattd Ecottrttttic'Statrstics Last Tert I'ears

._

--,..-,..,..'...'...'."......''_-.--

\.ear _IU!Ug!:-

Personal Income

Total Personal (5.) _ __ Income

Per

1007

23,531

1006

23,531

5 1 6 . 8 1 8 . r6 7

1005

11 517

5r6.8:8,671

1004

23,53-/

516,818,671

200i

23,537

5 1 6 , 8 2 8 , r6 7

ano?

1l i17

2001

s516.828,671

\

N{edian N{edran

Household

Canite

jry:*s.!.11"

/ '

r A 1

s48.116

r '

1 A 1

.

A oe I I ) :i_=-:.)::.*---

.ld

.18,3,16

i8

48,3'16

38

1? lsl

48,3.16

38

22.383

48.346

Jcl

516,8:E.671

.18,3-16

i8

11,537

516,818,671

48,3,16

38

2000

23,s31

5 2 6 , 8 2 8 , r6 7

2 2 ,8 33

.18.346

i8

t999

23,866

i 8 , 1 .756 , 7 2 4

1 6 ,lI4

3 6 , 19

31

I 998

23,866

381,516,124

1 6 ,lI4

3 6 , 19

31

( I ) S o u r c eU: . S . C e n s u s (a) \'ears2000through2007- 2000FederalCensrts ( b ) Y e a r s1 9 9 8t h r o u g h1 9 9 9- 1 9 9 0F e d e r aCl e n s u s (2) Source:Ohio Depar-trnent S'ebsite:"http:/inll of Education

.ode.state.oh.us/data/"

(3) Cuy'ahoga Countl PlannineCommission ,n\ (4./

c^..-^^, !c. JUU

-,,.,^L^^^ \ u) dIlU!:(t

f^',-n' \ \rtrlll_\

A"l;i^^LrurLul

1 5 .C ) o m p u t a t i o no f p e r c a p i t ap e r s o n ailn c o m e m u l t i p l i e db 1 'p o p u l a t i o n

T o t a l A s s e s s e dP r o p e r g V a l u c Millions of Dollars

$500 s400 s300 sl00 s1 0 0 SO i!

Sr'

- sl2

^q

-Y

\-

L

Educarional Aftainment: Bachelor's Degree o r H i g h e r( l )

School (2) Enrollment

Cul,ahoga Counry Unemploynent Rate(3)

Total Assessed Properry' Value(4)

67.0o,'o

4 in7

f

67.0

4,462

5.5

4 6 5 , 0 i.,r6 1 5

0)_)

4,613

5.9

.128,196,500

65.6

4,669

6.3

428,020,457

59.2

4,631

6.2

424,956,568

58 . 8

4 ?q1

5.7

389,649,944

58.6

4 4\)

4.5

388 , 5 35 , 8 6 8

54.8

4 19.)

4.1

3 9 1, 3 4 9, 1 4 4

s5.0

4 41q

4.4

75'7 14) 1,A'7

+.J

3s1,64t,263

N/A

- s23

10/

s459,486,360

Citl of South Euclid.Ohio C jl\ Ctt\!rnnl!ni

Inti,!r"ar,,;

!'t

Futt
Li: ;i -Sl.r ) .'irr r i,' r

-frAl

ii,r,i

1006

200,

Funcnon Procram

lnrrl

)rrfl'

General Govemment: Legislanve and E\ecutl\ e

100

Ctrv Coun:rl

100

:l. C)Ll

0tr 0Ll

\ ' { a 1 ' o r sO f i c e

2.00

Fmance

5.trt

:00 ;.0i)

:00 :.0/..r

Larr

100

i.00

:00

Civil Servtce

L00

r.00

200

\4uniciPal ComPler

100

_1.00

200

Enetneertng

I00

i.00

1 00 0 ) 9.00 i 7.00

Fue

200

-1.00 500 2.00

200

:00

i00

100

100

100

i00

100

I (-}.00

i0 0i)

I 1.00

1 20 0

9.00

i E.00

61 00 j4 00

6{.00

65 00

(r4.00

-rl.00

,tL0t)

il00

i.o0 4.0t)

L00 4.00

100 600

i.00 6.00

10.00

i0 00 I .c)0

i ().0(r

0.1i0

000

S e c u d n , o f P e r s c n sa n d P r o P e r i ) Poltce

100

a)0 00 00 .00 00

JudrcialSvstem \lunicrpal Coun

100 2.00

16.00

I-erstreTime Acltvltles Recreation

1.00

i00

Communin'Cenlcr

600

6.01-r

t0.00

10.00

( i o n . r n r r r n i qD e v e l o p m e n l

ColnmunitY Relattons

100

Economic DeveloPnrent

1.00

2.00 000

10.00 200 0.0()

I 1.00

1t.00

ll00

I 1.00

l 1.00

I200

2i.00

:_1.00

20.00

20 00

2.00

2 10 0 200

?1.00

2.00

200

200

200

200

l.ul)

200

1.00

Boards and Cctntnltsslons

Buildrne Depat'rmenl

L00 0.00

Transportation ServiceDepartrnenl S e r v t c eG r a q c tlasic Utility Sen'ices Curbside Recl'cling

Srvimminr Pools

__

i0 00 215.00

Totals:

-

-15.00 -

2-l-l.00

:!q!q:

, r r c i i d , . A . n n u abl L r d g e ta p p r o v e d b 1 \ ' l a r c h o f e a c h v e a t Source: Ciq of Souti-E

\lcthod:

52.00

U s i r r g 1 . 0 i o r e a c h f u l l - t r n l e e t n p l t t v e ea r l d 0 . 5 C ft i l r e a c h p a n - r l m e a n d s e a s o n a le m p l o l ' e e a l v e a r e n d

I I I I n f o r r n a t t o np n o r r o 2 0 0 1 i s n o t a v a i l e b l e

sl+,

--

2.00

r 1.00

52.00

---2r{o -

100

::-Mq-

214.00

Citl' of SouthEuclid, Ohio OperaringIndicatorsbt Function.'progrant Last Sis)'ears(I I

Funcrion.,Program

2OO7

2006

200i

2001

2003

2002

G e n e r a lG o l e r n m e n t Ci4'Council Ordinances[nroduced Resolutionslntroduced .llunicipal Court RevenuesDistnbutedro Cit-vGeneralFund OperatingExpensespaid from GeneralFund Traffic ChargesFiled ParkingTickets processed Criminal Char_ses Filed

72 75

88


520,000 417,133 4,602 6,036 1,6t3 886 I,028 9

173,4t0 5,302 4,318 2,098

HousingCode ChargesFiled

I 1 1 4

C i v i l C a s e sF i l e d lvlarriagesperformed

|,047 9

78 66 JiJ I?6 422.141

4.304

9.1 ,i8 466,201 127,401 4 21q

N/A

N,'A

1,291 .180

1,018

943

906

9

6

386

103

80 49

A 1

480,000 44t,679 4,708 N,'A r ,l 4 l 399 932 l5

430,000 365,917 4,116 N/A )fl

78 8ll l8

S e c u r i 6 o f P e r s o n s& P r o p e r g Police Number of Stations Pohcemenand Officers

I

Bike PatrolFleet S . W . A . T .M e m b e r s K-9 Unirs SchoolGuards FIoursof Training Number of PersonsArrested Number of Traffic CitationsIssued Number of ParkingVrolations/Arresrs Police Responses 9 - l - l E m e r g e n c yC a l l sR e c e i v e d Firc Number of Statrons Firemenand Officers Paramedics Hours of Training Number of Incidents EMS Responses Total Fire Loss

I

4 8 2 l3 )

N,/A N/A 2 I J

'70)

|,961 947 4,787 5,709 16,87 4

1,063 5,37 6 .+,3I 6 18.541 5,807 I 31 27 5,6.1 I 7 q?a 1qi5

s231,000

5 5d5

I 4l N./A N/A I l6 997 4,467 4,756 17,984 5,56 7

I

I

J) L)

5,703 2,926 2,022 s 33 5 , 4 5 0

22 3,485 2,93E 2,065 s225,200

I

I

A I

4 1

I

N/A

N/A

N/A

NiA

NiA

N,/A

I l8 2,300 990 1,739

I t7 2,600

I 17 2,440

965

872

4 , 8 38 ! )oa

4,417

15 , 19 6

NiA

11,412

N/A

N/A

N/A

I

I

1

33

32 20

20

3,994

4 , 1 3I

4,1l5

2l 3,296 2,894

3,056

2,065

2,091

s363,600

s363,050

5,272

2,882 I,685

s850, r00

Building Departrnent ResidentialBuilding perrnitsIssued Estimated V a l u e o f R e s i d e n t i aCl o n s t r u c t r o n CommercialBuilding permitsIssued EstimatedValue of CommericalConsrruction

827 s,5,28 8,766

976

983 s 7 , 0 3 29, 36 OJ 36 39 s 1 4 , 2 8 1 , 8 1 9 s2,807,093 s995,007 qi 7r\ 1s\

t,02't l,0ll s5,608,679 s 7 , 0 0 3 , 2 5 0 38 45 $ 1, 10 1 , 5 15 s 3 , 557 , 98 5

I,178 55,86 1,206 70 l? 5qi nr')

Transportation Number of Treesplanted Tons ofSalt purchased Basic Utilitl Sen'ices Tons PaperRecvclingpicked Up T o n s o f P l a s t i cR e c y c l i n gp i c k e dU p Snimming Pools N u m b e ro f p o o l s S*'immrn_g Pool Receipts S*'immrng pool Expendirures :1)

311

4,1

9 . 50 0

507 459

)6U

330

2 sI t 4 , 0 4 1 s301,882

2 irzltJJ+

s273,248

l n f o r m a t i o np n o r t o 2 0 0 2 i s n o t a v a i l a b l e .

s25

l 4,196

)bJ

314

2 s I 12,635 s270,526

397

N/A N,'A

3 s 1 3 2 . 93 1 s350.436

N/A

N1A

10,192

8,060

N/A

N/A N,/A

N'A

3 s 155 , 4 5 4

3 st62,770

s 4 56 , 4 67

s5 0 5 , 7 1 0

Citv of South Euclid, Ohio Crr'rrlrr,/..i.rsr,l Stalr.itic.r lr.t FLrttc.tirtrr Pt ogt ttttt L . r r i S ; . i ) . , , r rr , . ,,

Function'Prosrant G e n e r aG l orernnrent TotalSquareFoorace(l ) Vehicies

t00;

1006

)1.001 i

100,+._-

t00-i

5.1.001 l

i1.001 l

5.1.001 r

100,1

5.1.001 i

_ l()0:

5J.001 l

S e c u r i t r ' oP I e r s o n sa n d P r o p e r t v Po lit't, Nuntber of Stations Vehicles

I j,i

I l0

I l8

I

l

t8

t8

I

I l0

I l0

I

I

I

9

9

9

l

l

l

l

I t8

Firt' Nunrberof Starions \ / e h ic l e s

t l

Leisure Tinre Actiyities Number of Parks

j

Nunrberof Plavgrounds

)

Nunrber of Su'imrning Pools

?

Nunrber of Tennis Courts

4

Number of Conrmunin Centers S q u a r eF o o t a g e o f C o n n t u n i r y C e n t e r

r l0.5Et

l

, )

2 4

2 .

t i 0,.581

i

l t0.5El

-l

4 I i0,581

] 2 3 4 l 10.58r

J ) 3 i J l i0..56:

B r r i l d i n gD e p a r t r n e n t Vehicles

IO

8

8

8

o

8

Transportation S r r e e tM i l e s Stomr Seq.er lr4iles Sanitary Seu,er lr,liles Water Line lv{iles S q u a r e F o o t a , r eo f S e r l i c e G a r a g e S q u a r eF o o t a s e o f P a r k i n g G a r a e e \reh ic I es

61 60 61 70 I3.897 17,5'11 ll

67 60 61 10 r3 , 8 9 7

6l Nr\ N A N A 1t.897

I7 iJT

1 ; < r 1

3l

29

l9

t9

6l N',A. N,A N A l 3.897 17.,i.11 ?9

6l N.{ N'A N'A 11,897 17.5.11 )7

6t 56 56 6t l 3. 8 9 7 r7.5ll 77

Basic Utiliq Serriccs VehicIes

l9

() I lntbrmationprior ro l00l is rroravailable. (2) ToralSquareFootaeeinclucies squarefootareofthe policeanclfire sraliorls

sr6

t9

l9

)9