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HomeMy WebLinkAbout2018_05_22 CC PKTCity Council City of Brookings Meeting Agenda Brookings City Council Brookings City & County Government Center 520 3rd St., Suite 230 Brookings, SD 57006 Phone: (605) 692-6281 Fax: (605) 692-6907 "We are an inclusive, diverse, connected community that fuels the creative class, embraces sustainability and pursues a complete lifestyle. We are committed to building a bright future through dedication, generosity and authenticity. Bring your dreams!" Council Chambers6:00 PMTuesday, May 22, 2018 The City of Brookings is committed to providing a high quality of life for its citizens and fostering a diverse economic base through innovative thinking, strategic planning, and proactive, fiscally responsible municipal management. 6:00 PM REGULAR MEETING 1. Call to Order / Pledge of Allegiance. 2. Record of Council Attendance. 3. Consent Agenda: Action: Motion to Approve, Request Public Comment, Roll Call Matters appearing on the Consent Agenda are expected to be non-controversial and will be acted upon by the Council at one time, without discussion, unless a member of the Council or City Manager requests an opportunity to address any given item. Items removed from the Consent Agenda will be discussed at the beginning of the formal items. Approval by the Council of the Consent Agenda items means that the recommendation of the City Manager is approved along with the terms and conditions described in the agenda supporting documentation. 3.A. Action to approve the agenda. 3.B.ID 2018-0254 Action to approve the May 8 and May 14, 2018 City Council Minutes. 5/8/2018 Minutes 5/14/2018 Minutes Attachments: 3.C.ID 2018-0248 Action on Annual Malt Beverage Alcohol License Renewals. Malt License RenewalsAttachments: Page 1 City of Brookings May 22, 2018City Council Meeting Agenda 4. Items removed from Consent Agenda. Action: Motion to Approve, Request Public Comment, Roll Call 5. Open Forum/Presentations/Reports: 5.A. Open Forum. At this time, any member of the public may request time on the agenda for an item not listed. Items are typically scheduled for the end of the meeting; however, very brief announcements or invitations will be allowed at this time. 5.B. SDSU Student Association Report. 5.C.ID 2018-0213 Presentation of City of Brookings 2017 Annual Financial Report. Council Audit Presentation 2017 Comprehensive Annual Financial Report (CAFR) Communication Letter Attachments: 5.D.ID 2018-0257 Informational Presentation on the Bob Shelden Athletic Complex Renovation - Park Site Planning and Pre-engineering Services. PresentationAttachments: 6. Contracts/Change Orders: 6.A.RES 18-039 Action to approve Resolution 18-039, a Resolution Awarding Bids on 2018-01SWR, Concrete Maintenance Project REBID. ResolutionAttachments: Action: Motion to Approve, Request Public Comment, Roll Call 7. Ordinance First Readings: No vote is taken on the first reading of an Ordinance. The title of the Ordinance is read and the date for the public hearing is announced. 7.A.ORD 18-009 Introduction and First Reading on Ordinance 18-009, an Ordinance rezoning the West 199’ of the East 451’, excluding the South 33’ of Lot 1, Block 1, Christie Springs Addition from Residence R-1D Single-Family to Residence R-3 Apartment District (Fox Run Addition). Public Hearing: June 12, 2018. Page 2 City of Brookings May 22, 2018City Council Meeting Agenda Ordinance Hearing Notice Planning Commission Minutes 5/1/2018 Rezoning Map Current Zoning Map Additional Zoning Map R-1D and R-3 Districts Attachments: 7.B.ORD 18-010 Introduction and First Reading on Ordinance 18-010, an Ordinance rezoning the South 245’ of the West 246’ of the East 495’ of the SE ¼ of the SW ¼ Section 3-T109N-R50W within the Joint Jurisdiction Area (1002 West 32nd Street South). Public Hearing: June 12, 2018. Ordinance JJ Planning Commission Minutes 5/1/2018 Hearing Notice Exhibit Map Rezoning Map Joint Jurisdiction Zoning Map County Staff Report Attachments: 8. Public Hearings and Second Readings: 8.A.RES 18-038 Public Hearing and Action on Resolution 18-038, a Resolution of Intent to Lease Real Property. Resolution Notice of Public Hearing RTI Lease Agreement Attachments: Action: Open & Close Public Hearing, Motion to Approve, Roll Call 8.B.ID 2018-0247 Public Hearing and Action on new On-Off Sale Malt Beverage Alcohol Licenses. Hearing NoticeAttachments: Action: Open & Close Public Hearing, Motion to Approve, Roll Call 8.C.RES 18-042 Public Hearing and Action on Resolution 18-042, a Resolution Determining the Necessity of Proposed Sanitary Sewer Assessment Project, 2018-12SSA, located on Western Avenue between Martin Boulevard and 20th Street South. Resolution Property Owner List Map Attachments: Action: Open & Close Public Hearing, Motion to Approve, Roll Call Page 3 City of Brookings May 22, 2018City Council Meeting Agenda 9. Other Business: 10. City Council member introduction of topics for future discussion. Any Council Member may request discussion of any issue at a future meeting only. Items cannot be added for action at this meeting. A motion and second is required stating the issue, requested outcome, and time. A majority vote is required. 11. Adjourn. Brookings City Council: Keith Corbett, Mayor, Mary Kidwiler, Deputy Mayor & Council Member Council Members Patty Bacon, Dan Hansen, Ope Niemeyer, Holly Tilton Byrne, and Nick Wendell Council Staff: Jeffrey W. Weldon, City Manager Steven Britzman, City Attorney Shari Thornes, City Clerk View the City Council Meeting Live on the City Government Access Channel 9. Rebroadcast Schedule: Wednesday 1:00pm/Thursday 7:00pm/Friday 9:00pm/Saturday 1:00pm The complete City Council agenda packet is available on the city website: www.cityofbrookings.org Assisted Listening Systems (ALS) are available upon request. Please contact Shari Thornes, Brookings City Clerk, at (605)692-6281 or sthornes@cityofbrookings.org. If you require additional assistance, alternative formats, and/or accessible locations consistent with the Americans with Disabilities Act, please contact Shari Thornes, City ADA Coordinator, at (605)692-6281 at least three working days prior to the meeting. Page 4 City of Brookings City of Brookings Staff Report Brookings City & County Government Center, 520 Third Street Brookings, SD 57006 (605) 692-6281 phone (605) 692-6907 fax File #:ID 2018-0254,Version:1 Action to approve the May 8 and May 14, 2018 City Council Minutes. Attachments: 5/8/2018 Minutes 5/14/2018 Minutes City of Brookings Printed on 5/16/2018Page 1 of 1 powered by Legistar™ Brookings City Council May 8, 2018 (unapproved) The Brookings City Council held a meeting on Tuesday, May 8, 2018 at 6:00 p.m., at City Hall with the following City Council members present: Mayor Keith Corbett, Council Members Mary Kidwiler, Dan Hansen, Holly Tilton Byrne, Nick Wendell, Patty Bacon, and Ope Niemeyer. City Manager Jeff Weldon, City Attorney Steve Britzman, and City Clerk Shari Thornes were also present. Certificate of Election and Oath of Office. Mayor Keith Corbett (term expires 5/1/2021), Council Members Nick Wendell and Patty Bacon (terms expire 5/1/2021), and Council Member Holly Tilton Byrne (term expires 5/1/2019) took their Oath of Office and were presented with Certificates of Election. 6:00 PM Regular Meeting Consent Agenda. A motion was made by Council Member Hansen, seconded by Council Member Kidwiler, to approve the Consent Agenda. The motion carried by the following vote: Yes: 7 - Corbett, Niemeyer, Hansen, Kidwiler, Bacon, Wendell, and Tilton Byrne. 4.A. Action to approve the agenda. 4.B. Action to approve the April 24, 2018 City Council Minutes. 4.C. Action on Resolution 18-040, a Resolution to remove uncollectible Accounts Receivable from Records. Resolution 18-040 - Uncollectible Accounts Receivable Removed From Records Whereas, the Brookings Regional Landfill experienced a total of $11,660.11 in uncollectible accounts receivable in 2017 as an uncollectable amount from Allen Construction; and Whereas, efforts to collect and recover the full amount from the customer was unsuccessful; Now, Therefore, Be It Resolved the amount of $11,660.11 in the Landfill accounts receivable be determined as uncollectible and removed from the records. 4.D. Action on Ex-Officio and other Council Member Appointments:Brookings County & City Joint Jurisdictional Committee: Ope Niemeyer and Mary Kidwiler; Brookings Health Systems Board of Trustees: Dan Hansen and Mary Kidwiler; Brookings Municipal Utilities: Ope Niemeyer and Holly Tilton Byrne; Brookings Economic Development Corporation Board: Dan Hansen; Brookings Economic Development Corporation Investment Committee: Mary Kidwiler, Ope Niemeyer, and Dan Hansen; East Central Communications Council (E-911): Patty Bacon; Joint Powers Board: Nick Wendell and Mary Kidwiler; Retail Grant Committee: Nick Wendell. 4.E. Action on Resolution 18-036, a Resolution authorizing the City Manager to sign a Wine Operating Agreement 5-year renewal for The Children’s Museum of South Dakota, 521 4th Street, legal description: Lot 101, Block 1 to include adjacent N 1/2 vacated 4th Street, First Addition. Resolution 18-036 - The Children’s Museum of South Dakota Wine Operating Agreement Renewal Be It Resolved by the City of Brookings, South Dakota, that the City Council hereby approves a Lease Renewal Agreement for the Wine Operating Management Agreement between the City of Brookings and The Children’s Museum of South Dakota, Kate Treiber, Executive Director, for the purpose of a liquor manager to operate the On-Sale Establishment or business for and on behalf of the City of Brookings at 521 4th Street. Be It Further Resolved that the City Manager be authorized to execute the Agreement on behalf of the City, which shall be for the remaining 5-years of the 10-year agreement. 4.F. Action on Resolution 18-037, a Resolution authorizing the City Manager to sign a Wine Operating Agreement 5-year renewal for Krave, Marty Syrstad, owner, 1040 22nd Ave. So., legal description: Track E of Lot 3, Southbrook Addition. Resolution 18-037 - Krave, Inc. Wine Operating Agreement Renewal Be It Resolved by the City of Brookings, South Dakota, that the City Council hereby approves a Lease Renewal Agreement for the Wine Operating Management Agreement between the City of Brookings and Krave, Inc., Marty Syrstad, owner, for the purpose of a liquor manager to operate the On-Sale Establishment or business for and on behalf of the City of Brookings at 1040 22nd Ave. So. Be It Further Resolved that the City Manager be authorized to execute the Agreement on behalf of the City, which shall be for the remaining 5-years of the 10-year agreement. 4.G. Action on Resolution 18-041, a Resolution declaring surplus property: 1999 GMC Suburban (Engineering Department). Resolution 18-041 - Resolution Declaring Surplus Property – 1999 GMC Suburban (Engineering Department) Whereas, the City of Brookings is the owner of a 1999 GMC Suburban K1500; and Whereas, in the best financial interest, it is the desire of the City of Brookings to sell same as surplus property; and Whereas, the City Manager is hereby authorized to sell said surplus property. Now, Therefore, Be It Resolved by the governing body of the City of Brookings, SD, that this property be declared surplus property according to SDCL Chapter 6-13. Ordinance 18-008.A second reading was held on Ordinance 18-008, an Ordinance Amending Article III of Chapter 42 of the Code of Ordinances of the City of Brookings, South Dakota and pertaining to the Brookings Health System. A motion was made by Council Member Tilton Byrne, seconded by Council Member Kidwiler, that Ordinance 18-008 be approved. The motion carried by the following vote: Yes: 7 - Niemeyer, Hansen, Kidwiler, Wendell, Bacon, Tilton Byrne, and Corbett. Ordinance 18-006. A public hearing was held on Ordinance 18-006, an Ordinance rezoning the S 105’ of Lot 2, Block 7, Morehouse Addition (907 8th Street); S 105’ of Lot 3, Block 7, Morehouse Addition (911 8th Street); S 105’ of Lot 4, Block 7, Morehouse Addition (915 8th Street) from Residence R-2 Two-Family District to Business B-2A Office District. A motion was made by Council Member Niemeyer, seconded by Council Member Hansen, that Ordinance 18-006 be approved. The motion carried by the following vote: Yes: 7 - Niemeyer, Hansen, Kidwiler, Wendell, Bacon, Tilton Byrne, and Corbett. Ordinance 18-007. A public hearing was held on Ordinance 18-007, an Ordinance rezoning Bluegill Third Addition from A, Agricultural District and Residence R-1C Single- Family District to Residence R-1D Single-Family District. A motion was made by Council Member Hansen, seconded by Council Member Wendell, that Ordinance 18-007 be approved. The motion carried by the following vote: Yes: 7 - Niemeyer, Hansen, Kidwiler, Wendell, Bacon, Tilton Byrne, and Corbett. Preliminary Plat. A motion was made by Council Member Hansen, seconded by Council Member Wendell, that the Preliminary Plat for Lots 1-10, Block 1, Bluegill Third Addition be approved. The motion carried by the following vote: Yes: 7 - Niemeyer, Hansen, Kidwiler, Wendell, Bacon, Tilton Byrne, and Corbett. On-Off Malt License. A public hearing was held on a request for an On-Off Sale Malt License for Jokers Casino, Randy Clifford, owner, 517 6th St., legal description: W 50’ of Lot 16 and W 50’ of the S ½ of Lot 15, Block 4, Petersons Second Addition. A motion was made by Council Member Hansen, seconded by Council Member Kidwiler, that the On-Off Sale Malt License be approved. The motion carried by the following vote: Yes: 6 - Hansen, Kidwiler, Wendell, Bacon, Tilton Byrne, and Corbett; No: 1 – Niemeyer. On-Off Sale Malt License.A public hearing was held on the transfer of an On-Off-Sale Malt License for Commonwealth Gaming & Holding Co., dba Deuces Casino, Bryant Soberg and Kirby Muilenburg, owners, to Commonwealth Gaming & Holdings Co., dba Deuces Casino (Suite 105A), Bryant Soberg and Kirby Muilenburg, owners, 223 6th St., Brookings, South Dakota, legal description: S 114’ of the W 69.3’ of Lot 20 and the S 114’ of Lot 21, Block 3, Henry’s Addition. A motion was made by Council Member Kidwiler, seconded by Council Member Hansen, that the On-Off Sale Malt License be approved. The motion carried by the following vote: Yes: 6 - Niemeyer, Hansen, Kidwiler, Wendell, Tilton Byrne, and Corbett; No: 1 – Bacon. Resolution 18-030. A public hearing was held on Resolution 18-030, a Resolution authorizing the transfer of an On-Off Sale Wine License for Commonwealth Gaming & Holdings Co., dba Deuces Casino, Bryant Soberg and Kirby Muilenburg, owners, to Commonwealth Gaming & Holdings Co., dba Deuces Casino (Suite 105A), Bryant Soberg and Kirby Muilenburg, owners, 223 6th St., Brookings, South Dakota, legal description: S 114’ of the W 69.3’ of Lot 20 and the S 114’ of Lot 21, Block 3, Henry’s Addition. A motion was made by Council Member Hansen, seconded by Council Member Wendell, that the On-Off Sale Wine License be approved. The motion carried by the following vote: Yes: 6 - Niemeyer, Hansen, Kidwiler, Wendell, Tilton Byrne, and Corbett; No: 1 – Bacon. Resolution 18-030 - Commonwealth Gaming & Holding, Co., dba Deuces Casino (Suite 105A) – Wine Operating Agreement Be It Resolved by the City of Brookings, South Dakota, that the City Council hereby approves a Lease Agreement for the Operating Liquor Management Agreement for Wine between the City of Brookings and Bryant Soberg and Kirby Muilenburg, owners, Commonwealth Gaming & Holdings Co., dba Deuces Casino, for the purpose of a liquor manager to operate the On-Sale Establishment or business for and on behalf of the City of Brookings at 223 6th Street, Suite 105A. Be It Further Resolved that the City Manager be authorized to execute the Agreement on behalf of the City, which shall be for a period of five (5) years, with a renewal for another five (5) years. On-Off Sale Malt License. A public hearing was held on a request for an On-Off Sale Malt License for Commonwealth Gaming & Holdings Co., dba Deuces Casino (Suite 105B), Bryant Soberg and Kirby Muilenburg, owners, 223 6th St., legal description: E 120’ of Lots 13-14, Block 14, Second Addition. A motion was made by Council Member Hansen, seconded by Council Member Kidwiler, that the On-Off Sale Malt License be approved. The motion carried by the following vote: Yes: 6 - Niemeyer, Hansen, Kidwiler, Wendell, Tilton Byrne, and Corbett; No: 1 – Bacon. Resolution 18-029. A public hearing was held on Resolution 18-029, a Resolution authorizing the City Manager to sign an On-Off Sale Wine Operating Agreement for Commonwealth Gaming & Holdings Co., dba Deuces Casino (Suite 105B), Bryant Soberg and Kirby Muilenburg, owners, 223 6th Street, Brookings, South Dakota, legal description: South 114’ of the West 69.3’ of Lot 20, and the South 114’ of Lot 21, Block 21, Block 3, Henry’s Addition. A motion was made by Council Member Hansen, seconded by Council Member Wendell, that the On-Off Sale Wine License be approved. The motion carried by the following vote: Yes: 6 - Niemeyer, Hansen, Kidwiler, Wendell, Tilton Byrne, and Corbett; No: 1 – Bacon. Resolution 18-029 - Commonwealth Gaming & Holdings Co., dba Deuces Casino (Suite 105B) – Wine Operating Agreement Be It Resolved by the City of Brookings, South Dakota, that the City Council hereby approves a Lease Agreement for the Operating Liquor Management Agreement for Wine between the City of Brookings and Bryant Soberg and Kirby Muilenburg, owners, Commonwealth Gaming & Holdings Co., dba Deuces Casino, for the purpose of a liquor manager to operate the On-Sale Establishment or business for and on behalf of the City of Brookings at 223 6th Street, Suite 105B. Be It Further Resolved that the City Manager be authorized to execute the Agreement on behalf of the City, which shall be for a period of five (5) years, with a renewal for another five (5) years. Adjourn. A motion was made by Council Member Hansen, seconded by Council Member Wendell, to adjourn the meeting at 6:29 p.m. The motion carried by a unanimous vote. CITY OF BROOKINGS Keith W. Corbett, Mayor ATTEST: Shari Thornes, City Clerk Brookings City Council May 14, 2018 (unapproved) The Brookings City Council held a special meeting on Monday, May 14, 2018 at 5:30 p.m., at City Hall with the following City Council members present: Mayor Keith Corbett, Council Members Mary Kidwiler, Dan Hansen, Holly Tilton Byrne, Nick Wendell, Patty Bacon, and Ope Niemeyer. City Manager Jeff Weldon, City Attorney Steve Britzman, and City Clerk Shari Thornes were also present. 5:30 PM Special Meeting. Executive Session. A motion was made by Council Member Niemeyer, seconded by Council Member Hansen, to enter into Executive Session for purposes of discussing the qualifications, competence, performance, character or fitness of any public officer or employee or prospective public officer or employee with the City Manager, City Council and City Attorney present. The motion carried by a unanimous vote. A motion was made by Council Member Wendell, seconded by Council Member Kidwiler, to exit Executive Session at 6:30 p.m. The motion carried by a unanimous vote. Council Member Hansen left at 6:00 p.m. Adjourn. A motion was made by Council Member Bacon, seconded by Council Member Niemeyer, to adjourn the meeting at 6:30 p.m. The motion carried by a unanimous vote. CITY OF BROOKINGS Keith W. Corbett, Mayor ATTEST: Shari Thornes, City Clerk City of Brookings Staff Report Brookings City & County Government Center, 520 Third Street Brookings, SD 57006 (605) 692-6281 phone (605) 692-6907 fax File #:ID 2018-0248,Version:1 Action on Annual Malt Beverage Alcohol License Renewals. Summary: Enclosed for Council review and action are the On-Off Sale Malt Alcohol License renewals for fiscal year 2018 (7/1/2018 to 6/30/2019). After Council action, applications will be forwarded to the State Department of Revenue for final action and issuance of licenses. Recommendation: Staff recommends approval. Attachments: License Renewals City of Brookings Printed on 5/16/2018Page 1 of 1 powered by Legistar™ Malt License Renewals On-Off Sale Malt (retail): Aramark/McCrory Gardens Visitors Center, 16th St. & 22nd Ave. Brookings Softball Assoc. (Southbrook Softball Diamonds), 2800 22nd Ave. So. Carpy’s Pub, 700 22nd Ave. So. Casino 2000, 622 25th Ave. The Children’s Museum of South Dakota, 521 4th St. The Clothes Line Lounge, 727 Wilson Ave. Cubby’s Sports Bar & Grill, 307 Main Ave. Danny’s, 703 Main Ave. So. The Depot, 919 20th St. So. Deuces Casino, 615 Main Ave., Suite 105A EdgeBrook Golf Course, 1415 22nd Ave. So. Eponymous Brewing Co., 126 Main Ave. So. Flavor International Restaurant & Grocery, 501 Main Ave. Gas ‘N Mor, 600 6th St. George’s Pizza & Steakhouse, 311 Main Ave. Guadalajara, Village Square Mall #1 Hy-Vee Food Store, 790 22nd Ave. S. KRAVE, Inc., 1040 22nd Ave. S. Main Street Pub, 408 Main Ave. Mama Mia, 1300 Main Ave. So. New Sake, Inc., 724 22nd Ave. So. Old Sanctuary, 928 4th St. 1000 Degrees Pizza, 770 22nd Ave. So. Pizza Hut #2769, 418 6th St. PNP Pub, 318 2nd St. So. Ray’s Corner, 401 Main Ave. Schoon’s PNP Pub South, 1203 Main Ave. So. Skinner’s Pub, 300 Main Ave. South Main Diner, 615 Main Ave. S. Swiftel Center, 824 32nd Ave. Wooden Legs Brewing Co., 309 5th St., Suite 100 City of Brookings Staff Report Brookings City & County Government Center, 520 Third Street Brookings, SD 57006 (605) 692-6281 phone (605) 692-6907 fax File #:ID 2018-0213,Version:1 Presentation of City of Brookings 2017 Annual Financial Report. Summary: Chris Lindner, CPA, CGMA, Partner BKD, LLP will be present to discuss the 2017 Financial Audit and the City of Brookings Comprehensive Annual Financial Report. Attachments: Council Audit Presentation 2017 Comprehensive Annual Financial Report (CAFR) Communication Letter City of Brookings Printed on 5/16/2018Page 1 of 1 powered by Legistar™ experience responsiveness // CPAs & ADVISORS City of Brookings, South Dakota 2017 Audit Presentation Chris Lindner, CPA, CGFM TESTING APPROACH & TIMELINE Audit Interim/Planning/Internal Control Walkthroughs Coordination with Other Auditors Final Audit Fieldwork Audit Wrap-up / Concurring Review Audit Results and Communication 2 // experience responsiveness SUMMARY OF AUDIT RESULTS Independent Auditor’s Report –Financial Statements Unmodified (clean) opinion Report in accordance with Government Auditing Standards No Significant Deficiencies or Material Weaknesses Independent Auditor’s Report –Major Federal Programs 1 major program tested for the fiscal year 2017 Unmodified opinion –No material instances of non-compliance 3 // experience responsiveness AUDIT COMMUNICATION LETTER Significant accounting policies Significant accounting estimates Financial statement disclosures Audit adjustments Disagreements with management or difficulties encountered in performing the audit –None Upcoming accounting pronouncements 4 // experience responsiveness A GOVERNMENT’S FINANCIAL STATEMENT –WHAT TO LOOK FOR?? Net Cost of Programs (page 28 of the City’s CAFR) Reserves Long-Term Debt Levels Other Long-Term Obligations (page 57 of the City’s CAFR) Statistical Information (starting on page 133 of the City’s CAFR) 5 // experience responsiveness RESERVES –COMPARISON TO PEER CITIES “Unrestricted” Fund Balance as a % of Annual Expenditures –General Fund 6 // experience responsiveness 2017 2016 2015 2014 City of Brookings 57%45%41%55% Peer Group 44%32%37%31% LONG-TERM DEBT LEVELS –COMPARISON TO PEER CITIES Governmental Debt Principal Outstanding to Assessed Valuation 7 // experience responsiveness 2017 2016 2015 2014 City of Brookings $2.09 $1.85 $2.14 $2.40 Peer Group $2.42 $2.55 $2.01 $2.02 LONG-TERM DEBT LEVELS –COMPARISON TO PEER CITIES Governmental Debt Principal Outstanding to Population 8 // experience responsiveness 2017 2016 2015 2014 City of Brookings $1,069 $938 $1,034 $1,121 Peer Group $1,405 $1,378 $1,133 $1,085 LONG-TERM DEBT LEVELS –COMPARISON TO PEER CITIES Total Debt (Governmental and Business-Type) Principal Outstanding to Population 9 // experience responsiveness Note: City of Brookings figure excludes debt principal for the Telephone Fund and Health System for comparability purposes. 2017 2016 2015 2014 City of Brookings $2,602 $2,566 $2,509 $2,537 Peer Group $2,313 $2,490 $2,256 $2,399 Questions? Thank You!!! 10 // experience responsiveness FISCAL YEAR ENDED DECEMBER 31, 2017 2017 COMPREHENSIVE ANNUALFINANCIAL REPORT CITY OF BROOKINGS, SOUTH DAKOTA About the Cover: The City of Brookings began the Gateway Improvements Project in 2011 with the installation of 19 limestone signs at key entrances to the community and park system. The improvements continued with a shared-use path and landscaping improvements at Rotary Park. In 2017, decorative street lights were added with the 6th Street Reconstruction Project from 20th Avenue to 34th Avenue, decorative bridge railing, and median irrigation. Total project costs to date for the multi-year improvements are approximately $1.7 million with a donor providing just over $1.1 million in funding. 2017 COMPREHENSIVE ANNUAL FINANCIAL REPORT CITY OF BROOKINGS, SOUTH DAKOTA _________________________________________ January 1, 2017 – December 31, 2017 _________________________________________ Prepared by: THE CITY FINANCE OFFICE Shawna M. Costello, CPA, CPFO Finance Director _________________________________________ 1 City of Brookings December 31, 2017 Table of Contents PART I‐ INTRODUCTORY SECTION Title Page 1 Table of Contents 2 Letter of Transmittal 4 Certificate of Achievement for Excellence in Financial Reporting 9 Municipal Officials 10 Organizational Chart 11 PART II ‐ FINANCIAL SECTION Independent Auditors' Report 13  Management's Discussion and Analysis 16 Basic Financial Statements Government‐wide Financial Statements Statement of Net Position 27 Statement of Activities 28 Fund Financial Statements Governmental Fund Financial Statements Balance Sheet 29 Reconciliation of Balance Sheet of Governmental Funds to the Statement of Net Position 30 Statement of Revenues, Expenditures, and Changes in Fund Balances 31 Reconciliation of Statement of Revenues, Expenditures, and Changes in  Fund Balances of Governmental Funds to the Statement of Activities 32 Proprietary Fund Financial Statements Statement of Net Position 33 Statement of Revenues, Expenses, and Changes in Net Position 35 Statement of Cash Flows 36 Fiduciary Fund Financial Statements Statement of Net Position 38 Notes to the Financial Statements 39 Required Supplementary Information Schedule of Funding Progress for Postemployment Benefit Plans 78 Schedule of Pension Contributions 79 Schedule of Proportionate Share of Net Pension (Asset) Liability 80 Notes to Required Supplementary Information ‐ Change of Pension Terms and  Assumptions 81 Budgetary Comparison Schedule General Fund 82 75% Sales and Use Tax 83 Notes to Required Supplementary Information ‐ Budgetary Reporting 84 Supplementary Information and Combining Financial Statements Nonmajor Governmental Funds Balance Sheet 85 Statement of Revenues, Expenditures, and Changes in Fund Balances 86 Nonmajor Special Revenue Funds 87 Balance Sheet 88 Statement of Revenues, Expenditures, and Changes in Fund Balances 90 Budgetary Comparison Schedules 92 Nonmajor Debt Service Funds 101 Balance Sheet 102 Statement of Revenues, Expenditures, and Changes in Fund Balances 103 Budgetary Comparison Schedules 104 2 City of Brookings December 31, 2017 Table of Contents (Continued) Nonmajor Capital Project Funds 110 Balance Sheet 111 Statement of Revenues, Expenditures, and Changes in Fund Balances 112 Budgetary Comparison Schedules 113 Nonmajor Enterprise Funds 119 Statement of Net Position 120 Statement of Revenues, Expenses, and Changes in Net Position 124 Statement of Cash Flows 126 Fiduciary Funds 130 Statement of Net Position 131 Statement of Changes in Assets and Liabilities 132 PART III ‐ STATISTICAL SECTION 133 Table 1 Net Position by Component 134 Table 2 Changes in Net Position 136 Table 3 Fund Balances of Governmental Funds 142 Table 4 Changes in Fund Balances of Governmental Funds 144 Table 5 Assessed Value and Actual Value of Taxable Property 146 Table 6 Direct and Overlapping Property Tax Rates 146 Table 7 Principal Taxpayers 147 Table 8 Property Tax Levies and Collections 147 Table 9 Historical Sales and Use Tax Receipts 148 Table 10 Taxable Sales by Category 148 Table 11 Direct and Overlapping Sales Tax Rates 150 Table 12 Ratio of Net General Bonded Debt 150 Table 13 Ratio of Outstanding Debt by Type 151 Table 14 Direct and Overlapping Governmental Activities Debt 151 Table 15 Legal Debt Margin Information 152 Table 16 Pledged‐Revenue Coverage 154 Table 17 Demographic and Economic Statistics 157 Table 18 Principal Employers 158 Table 19 Full‐Time Equivalent City Government Employees by Function/Program 159 Table 20 Operating Indicators by Function/Program 160 Table 21 Capital Asset Statistics by Function/Program 161 PART IV ‐ SINGLE AUDIT SECTION Schedule of Expenditures of Federal Awards 163 Report on Internal Control over Financial Reporting and on Compliance and Other Matters 165 Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards ‐ Independent Auditor's Report Report on Compliance for the Major Federal Program and Report on Internal Control over 167 Compliance ‐ Independent Auditor's Report Schedule of Findings and Questioned Costs 169 Summary Schedule of Prior Audit Findings 172 3       May 8, 2018 The Honorable Mayor Keith Corbett Members of the City Council Citizens of the City of Brookings, South Dakota We are pleased to submit to you the Comprehensive Annual Financial Report (CAFR) for the City of Brookings, South Dakota, for the fiscal year ending December 31, 2017. The report was prepared by the City’s Finance Department in accordance with U.S. Generally Accepted Accounting Principles (GAAP) applicable to governments as prescribed by the Governmental Accounting Standards Board (GASB). Responsibility for both the accuracy of the presented data and the completeness and fairness of presentation, including all disclosures, rests with the City’s management. We believe the data, as presented, is accurate and reliable in all material respects; is presented in a manner designed to set forth fairly the financial position and results from operations of the City as measured by the financial activities of its various funds. The disclosures necessary to enable readers to gain an understanding of the City’s financial affairs have been included in this report. Management of the City is responsible for establishing and maintaining an accounting and internal control structure designed to ensure that the assets of the City are protected from loss, theft, or misuse and to ensure that adequate accounting data is compiled to allow for the preparation of financial statements in conformity with GAAP. Because the cost of internal controls should not outweigh their benefits, the City of Brookings’ comprehensive framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement. We believe that the City’s internal accounting controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions. The City’s financial statements have been audited by BKD, LLP, a firm of certified public accountants authorized to conduct the City’s audit by the State of South Dakota. The goal of the independent audit was to provide reasonable assurance that the financial statements of the City of Brookings for the fiscal year ended December 31, 2017, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified opinion that the City of Brookings’ financial statements for the fiscal year ending December 31, 2017 are fairly presented in all material respects in accordance with GAAP. The independent auditor’s report is presented as the first component of the financial section of this report. GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The City of Brookings’ MD&A can be found immediately following the report of the independent auditors. Profile of the City of Brookings Brookings is located along the I‐29 corridor in east central South Dakota and has a population of over 23,000 residents making it the fourth‐largest city in South Dakota. It is 55 miles north of the State’s largest city, Sioux Falls, and just minutes from the Minnesota border. It truly is an environment free from the stress of big city living; but for those who want to occasionally visit metropolitan areas, Minneapolis‐St. Paul, Fargo/Moorhead, and Omaha are all within a 200 mile radius. Being along the interstate and miles from the Minnesota border, Brookings serves as a primary market area for over 70,000 consumers. Brookings is a city with an extraordinary quality of life and an outstanding school system. Families choose Brookings for its safe, friendly, and progressive environment. Home to South Dakota State University (SDSU), Brookings boasts prime educational resources for small businesses and entrepreneurs. SDSU had an enrollment just over 12,000 students in 2017, making it the largest university in the state. 4 SDSU offers Division 1‐FCS college athletics, performing arts, theater, and a variety of cultural venues. SDSU is an integral part of the community and attracts many research and technology businesses which compliment core curriculum activities. A source of recognized research and innovation, SDSU supplies a young, educated workforce with skill and determination. The County and the City got their names from one of South Dakota’s greatest pioneer promoters, Wilmot W. Brookings. Brookings set out for the Dakota Territory in June of 1857. He rose to a high position in the territory, was elected the first provisional Governor of Dakota Territory, served as a judge, and was appointed superintendent of a road project to be built from the Minnesota state line west to the Missouri River about 30 miles north of Ft. Pierre, South Dakota. It was during the construction of this road that Brookings came into contact with land that was part of this county at the time. In preparation for the railroad, the City of Brookings was surveyed and platted in 1879. Dakota Agricultural College (now South Dakota State University) was founded in 1881. The City began to grow after the college was built and has been increasing in size ever since. In 1999 the City adopted the Council‐Manager form of government. The City is a home‐rule municipality chartered under the Constitution of the State of South Dakota and is governed by a mayor and six council members. All council positions are elected at large, for overlapping three year terms. The City provides a wide range of municipal services including public safety, streets, solid waste collection and disposal, airport, planning, culture and recreation, retail liquor, and general administrative services. In addition, the City has established semi‐autonomous enterprise functions, which are governed by appointed boards. They are: Brookings Municipal Utilities (BMU) which manages electric, water, wastewater, and telecommunications/video/data operations; and the municipal Brookings Health System, which includes a 49‐bed acute care hospital, home health, hospice, eye clinic, two regional “satellite” clinics, congregate living units, and a 79‐bed skilled nursing facility. The City applies budgetary controls to ensure compliance with legal provisions under South Dakota Codified Laws, the City Charter, the City’s Governance and Ends Policy and with the annual appropriation ordinance and budgetary guidelines adopted by the City Council. Approved expenditures for the ensuing fiscal year for the General fund, the Special Revenue funds, Debt Service funds, and Capital Project funds are included in the annual appropriation ordinance, establishing the legal level of control. The annual budget serves as the foundation for the City of Brookings' financial planning and control. South Dakota Codified Law 9‐12‐2 requires the City of Brookings to adopt an ordinance as prescribed by the Department of Legislative Audit. The ordinance shows the legal level of budgetary control is at the department level within each fund. Departments are not allowed to exceed their total allocated budget or reallocate appropriations outside their department without approval of the governing body. The legal spending authority can only be obtained through contingency funds, capital expenditures carryover, or supplemental budget appropriations ordinance, all of which is approved by formal action of the City Council. Economic Condition and Outlook The information presented in these financial statements is best understood when it is considered from the broader perspective of the specific environment within which the City of Brookings operates. Local Economy “Bring Your Dreams” is the community’s marketing motto and Brookings is fortunate to have a diverse local economy including SDSU, large and small manufacturing, biosciences, food production and agriculture. This diversity has helped insulate, to some degree, the economic downturn being experienced by the national economy. In addition to the diversity, the City’s population continues to grow. The 2010 census reflected a growth of 19 percent from the 2000 census and moved Brookings from the fifth to the fourth largest city in South Dakota. With the population now over 23,000, the City has attracted various new retail and food establishments. The labor force increased from 13,583 to 13,846 from December 31, 2016 to December 31, 2017 and the total employment increased from 13,214 to 13,363 individuals for those dates, respectively. Unemployment for Brookings was at 3.5 percent, well below the national average of 4.1 percent and up .8 percent from the 2016 rate of 2.7 percent. Since the economy in Brookings has not seen the drastic impact felt by most other parts of the nation, the unemployment rate has stayed fairly steady the past year. During 2017, the city approved 488 building permits which was a slight increase from the 451 approved in 2016. The estimated construction value of residential and nonresidential construction was $38.8 million in 2017; down 26 percent from the $52.8 in 2016. Nonresidential construction accounted for 56.4 percent of the estimated construction value in 2017 compared to 57.1 percent in 2016 5 Long‐Term Planning and Major Initiatives The City Council meets annually and develops a strategic plan for the City. This plan provides a launchpad for new policy initiatives but also establishes a guide for a long‐range capital improvement program. It also sets the direction for the City staff in several operational areas. The 2017‐2018 Strategic Plan includes the following:  Develop initiatives for entrepreneurial approaches for improving city service delivery  Formalize comprehensive entrepreneurial programs through Brookings Economic Development Corporation (BEDC), or special committee to develop work plans for selected options  Improve the overall livability of Brookings through place‐making initiatives with agendas such as: o Armory site adaptive re‐use o Comprehensive Master plan update o Develop bicycle lanes, and identifying places downtown for implementing greenspace o Determine/implement select list of bicycle‐friendly activities: (Silver designation, bike racks, bicycle lane designation.) o Develop the public art program, implemented in 2017  Expanding lean government service practices o Lean staff committee will continue to identify opportunities for improvements, undertake selected projects for implementation. o Further develop performance management and benchmarking measures for services. o Host local conferences with other employers working on lean practices  Develop strategies to promote broader and more diverse affordable housing opportunities. o Support efforts of Affordable Housing Task Force; monitor/take action on their recommendations commensurate with the charter  Build upon past efforts to expand transparency and utility of public records. o Research/implement open .gov platform for on‐line/ searchable financial records & budget o Migrate city records to web for transparency  Implement specific projects of the Sustainability Council for better stewardship of public assets. o Select specific topics from benchmark work plan for implementation by selected departments o All future city buildings to be LEED certified. o Analyze Changes in means and methods of construction using sustainability measures. Major Initiatives Some major capital initiatives planned or ongoing are listed below: Infrastructure: Street system improvements:  Continue planning for a new arterial street at 20th Street South from 22nd Avenue South to 34th Avenue South to better connect residential and industrial areas. This involves an interstate overpass or interchange to function as a “southern ring route” to better move commuter traffic around the growing southern region of Brookings. It is an intergovernmental partnership project with several local units of government.  Highway 14 upgrade ‐ The third of four phases to the main, central traffic corridor through the center of Brookings started in 2017 and will be completed in 2018 by the South Dakota Department of Transportation (SDDOT). The SDDOT has been replacing the aging road system while also improving safety and capacity. The total project cost for the 2017 project is approximately $17 million and includes interstate bridge replacement and the addition of pedestrian bicycle lanes and extensive landscape enhancements. The final phase of 6th Street reconstruction between Main Avenue and Medary Avenue is scheduled for construction in 2020 at an estimated cost of $3.7 million. Storm Drainage ‐ Brookings continues incremental, annual work on a comprehensive multi‐year master plan for storm drainage improvements which includes the following projects:  15th Street South & 7th Avenue South storm sewer.  5th Avenue Drainage Improvements.  Sixth Street storm sewer upgrade.  Lefevre Drive storm sewer pipe project.  Viaduct inlet/surfacing repairs/lighting. 6 Gateway Project ‐ The Gateway Project consists of monumental signage made of stone incorporating the new City logo placed in the City’s “gateway” corridors welcoming visitors to Brookings. There are also signs throughout the City identifying the beautiful parks and recreation areas available for the public to enjoy. Subsequent entryway landscape amenities such as landscaping, signage, decorative street lighting, and bridge amenities will follow in the area of the main interstate exit ramps following completion by the South Dakota Department of Transportation of highway improvements. Airport Project ‐ The final phase of the multi‐year runway project is reconstructing Runway 17/35 to comply with FAA standards. This project started construction in 2017 and will be finalized in 2018 at the estimated cost of $780,000. The project is eligible for Federal funding through the Airport Improvement Program of the Federal Aviation Administration, with 90% being funded with Federal funds, 5% State funds, and 5% City funds. The project includes new pavement, lighting and striping. Brookings has the third busiest airport in the State for landings and take‐offs. Electrical, Water and Wastewater Plant Improvements – Brookings Municipal Utilities (BMU) is in the final phase of a $6.5 million upgrade to the local electrical grid to upgrade substations, provide redundancy power, and bury previously overhead power lines; all designed to improve electrical service reliability. In 2016, BMU completed a $30 million – 4‐ year upgrade and expansion of the wastewater treatment plant and pumping facilities to respond to new environmental regulations and community growth. Similar upgrades to the water treatment plant(s) are in the preliminary facility planning stages with construction over the next 5 years budgeted at $51 million. BMU is completing a $12 million technology change in its wireless services under the Sprint PCS brand. Public Safety In 2019/2020 the Fire department plans to remodel the current South Station located on 32nd Street South into an indoor training facility with room to store the compressed air trailer and the collapse trainer. The basic plan would provide for an interior tow‐story cold smoke training area with movable walls and could be used for rope rescue and confined space training drills year around. A new, 4‐bay fire station was added to better provide response to the growing southern area of the community. Health Care Brookings Health System ‐The Brookings Health System Expansion and Renovation Project was completed in 2017. The east hospital expansion, which added nearly 60,000 sq. ft. of new surgical, inpatient, obstetrics, pharmacy and imaging areas, was completed in February. The renovation and repurposing of the 18,000 sq. ft. of the existing space, as well as the new grand lobby, were completed in the Fall. The new facilities and expansion of services, including orthopedic surgery, help provide the Brookings community and surrounding region with high quality healthcare close to home. The Health System has purchased land adjacent the Health System campus, and plans to construct a new ambulance dispatch facility. Cultural and Recreational Facility Improvements In 2017 the City in collaboration with the School District began working on a master plan for the renovation of the Bob Shelden, Dwiggins‐Medary athletic complex. Planned improvements include new lighting, replacing the grandstand seating area and press box, relocating the facility entry point, replacing dugouts and fencing, and possibly replacing the natural grass field with artificial turf. This will be a multi‐year project with a potential ground breaking date in 2019 or 2020. Improvements are slated for existing parks such as trail extensions, playground equipment upgrades and replacements, and on‐going preventative maintenance of existing buildings, grounds, and facilities. Retail Commercial expansion The City is partnering with private developers to establish a retail and commercial development on the 25 acres of property owned by the City at the intersection of Highway 14 and Interstate 29. The project is in the early stages of planning, developing and attracting national retail franchises to develop in this location. Civic Infrastructure The City of Brookings is proud to partner with a wide variety of other governmental, civic, charitable, and service organizations to optimize multi‐dimensional aspects for great quality of life. The City and County work together on mutual transportation and development issues. The City and School District jointly share facilities, parks, playgrounds, and programming for school‐age children. The City Recreation Department has 23 diverse partnerships with other entities or special‐purpose organizations for athletic, cultural, recreational, and leisure opportunities. The City library provides a wide variety of services and programs for lifelong learning. The City and South Dakota State University enjoy an excellent ‘town‐and‐gown’ relationship with each mutually supporting their missions and sharing their success that comes from a long history of partnerships. In addition to being an economic engine for the Brookings community, SDSU provides a wellspring of opportunities beyond post‐secondary education to civic, cultural, athletic, and research advancement. 7 8 9 City of Brookings Year Ended December 31, 2017 Keith Corbett………………………………………………………………………………………… Mayor Mary Kidwiler…………………………………………………………………………………………Deputy Mayor Patty Bacon……………………………………………………………………………………………Council Member Dan Hansen……………………………………………………………………………………………Council Member Nick Wendell……………………………………………………………………………………………Council Member Ope Niemeyer…………………………………………………………………………………………Council Member Holly Tilton Byrne……………………………………………………………………………………Council Member Jeffrey W. Weldon………………………………………………………………………………… City Manager Kevin Catlin…………………………………………………………………………………………… Assistant City Manager Steven Britzman………………………………………………………………………………………City Attorney Shari Thornes…………………………………………………………………………………………City Clerk Jackie Lanning…………………………………………………………………………………………City Engineer Mike Struck…………………………………………………………………………………………… Community Development Director Shawna Costello………………………………………………………………………………………Finance Director Darrell Hartmann……………………………………………………………………………………Fire Chief Donna Langland………………………………………………………………………………………Human Resources Director Ashia Gustafson………………………………………………………………………………………Library Director Janet Coplan……………………………………………………………………………………………Liquor Store Manager Dan Brettschneider…………………………………………………………………………………Parks, Recreation & Forestry Director Dave Erickson…………………………………………………………………………………………Police Chief Todd Langland ……………………………………………………………………………………… Solid Waste Director Matt Bartley……………………………………………………………………………………………Street Superintendent Jason R. Merkley…………………………………………………………………………………… Health System Chief Executive Officer Steve Meyer……………………………………………………………………………………………Utilities Executive Vice President &               General Manager OFFICIALS OF THE CITY OF BROOKINGS LEADERSHIP TEAM 10 Brookings Health System Board Citizens of Brookings Utilities Board Engineer/ Airport Utilities *Electric *Water *Wastewater *Telephone Mayor & City Council City Manager/ IT City ClerkBrookings Health System Finance FireHuman Resources Library LiquorParks, Recreation Forestry/ Golf/ Ice Arena/ Aquatics Center Police/ E-911/ Animal Control Solid WasteStreet City Attorney Event Center Board (Swiftel Center) Community Development City of Brookings December 31, 2017 CITY OF BROOKINGS ORGANIZATION CHART 11                     12 Independent Auditor’s Report The Honorable Mayor and Members of the City Council City of Brookings, South Dakota Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business-type activities, the discretely presented component unit, each major fund and the aggregate remaining fund information of the City of Brookings, South Dakota (the City) as of and for the year ended December 31, 2017, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of the Brookings Health System Fund and the Brookings Municipal Utilities Telephone, Electric and Wastewater Funds, which are major funds, and the Brookings Municipal Utilities Water Fund, which represent 88%, 82% and 94%, respectively, of the total assets and deferred outflows of resources, net position and revenues of the business-type activities. We also did not audit the financial statements of the Brookings Health System Foundation, the discretely presented component unit of the City. The financial statements of the Brookings Health System Fund, Brookings Municipal Utilities Telephone, Electric, Water and Wastewater Funds, and Brookings Health System Foundation were audited by other auditors, whose reports thereon have been furnished to us, and our opinions, insofar as they relate to the amounts included for the above mentioned enterprise funds and the discretely presented component unit, are based solely on the reports of the other auditors. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. 13 We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, based on our audit and the reports of other auditors, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, the discretely presented component unit, each major fund and the aggregate remaining fund information of the City of Brookings, South Dakota as of December 31, 2017, and the respective changes in financial position, and where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis, pension information, schedules of funding progress and budgetary information as listed in the table of contents be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The accompanying supplementary and other information, consisting of combining financial statements, the introductory and statistical sections, and the schedule of expenditures of federal awards as required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, as listed in the table of contents, is presented for purposes of additional analysis and is not a required part of the basic financial statements. The combining financial statements and schedule of expenditures of federal awards are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining financial statements and schedule of expenditures of federal awards are fairly stated, in all material respects, in relation to the basic financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on them. 14 Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we also have issued our report dated May 8, 2018, on our consideration of the City’s internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance. Lincoln, Nebraska May 8, 2018 15 City of Brookings  December 31, 2017      Management's Discussion and Analysis    This discussion and analysis presents an overview of the financial activities and financial position for the City of Brookings (the  “City”) for the year ended December 31, 2017.  The information presented in this section should be considered in conjunction  with that presented in the basic financial statements and notes to the financial statements.      Financial Highlights     The City’s assets and deferred outflows of resources exceeded its liabilities and deferred inflows of resources by  $352,695,592 (net position) for the calendar year reported.     The City's total ending net position of $352,695,592 this year compared to the prior year ending net position of  $335,874,277 reflects an increase of $16,821,315 during the calendar year.       Total net position is comprised of the following:  1. Net investment in capital assets, of $213,456,541 includes property and equipment, net of accumulated  depreciation and reduced for outstanding debt related to the purchase or construction of capital assets.  2. Net position of $17,492,158 is restricted by constraints imposed from outside the City such as debt covenants,  grantors, laws, or regulations.  3. Unrestricted net position of $121,746,893 represents the portion available to maintain the City’s continuing  obligations to citizens and creditors.     The City’s governmental activities reported total ending net position of $98,429,323 this year.  This compares to the  prior year ending net position of $97,096,791 showing an increase of $1,332,532 during the calendar year.   Unrestricted net position of $16,898,022 at December 31, 2017 shows a $3,166,234 decrease from the prior year.     At the end of the current calendar year, unassigned fund balance for the General Fund was $6,333,144, or 42.6% of  total General Fund expenditures.     The City’s business‐type activities reported increased net position of $15,488,783 compared to the previous year,  ending the current year at $254,266,269.  This increase in business‐type activities is somewhat similar to what a  private business might report as net profit.  The increase reflects significant private donations to the Health System  for its remodel project.                  The City’s total outstanding long‐term liabilities increased by $14,051,072 ending the current fiscal year at  $110,490,894 outstanding.  This increase was due in mainly to borrowings related to the Health System’s expansion  and renovations.         Overview of the Financial Statements    This discussion and analysis serves as an introduction to the City’s basic financial statements, which consists of three  components:  1) government‐wide financial statements, 2) fund financial statements, and 3) notes to the financial statements.   The report also contains required supplementary information and other supplementary information in addition to the basic  financial statements.    Government‐wide financial statements.  The government‐wide financial statements are designed to give users a broad  overview of the City’s finances, in a manner similar to that of a private‐sector business.      The Statement of Net Position presents information on all of the City’s assets, deferred outflows of resources, liabilities, and  deferred inflows of resources, excluding fiduciary funds, with the difference reported as net position.  Increases or decreases in  net position over time may serve as a useful indicator of whether the City’s financial position is improving or deteriorating.      16 City of Brookings  December 31, 2017      Management's Discussion and Analysis    The Statement of Activities shows how the City’s net position changed during the fiscal year.  All changes in net position are  reported as soon as the underlying event that caused the change occurs, regardless of the timing of the related cash flows.   There are revenues and expenses reported in this statement for some items that will only result in cash flows in future fiscal  years; examples include uncollected taxes and vacation days that are earned, but not used.    Both of the government‐wide financial statements distinguish between functions that are mainly supported by taxes and  intergovernmental revenues (governmental activities) from the functions that are intended to recover all or a significant  portion of their costs through user fees and charges (business‐type activities).  The governmental activities of the City include  general government, public safety, public works, health & welfare, culture & recreation, conservation & development, and debt  service.  The business‐type activities of the City include the enterprise activities of electric, water, sewer, telephone, hospital,  liquor, solid waste, airport, golf course, and research & technology facility.    Fund financial statements.  A fund is a grouping of related accounts that is used to maintain financial control over resources  that have been segregated for specific activities or objectives.  The City, like other state and local governments, uses fund  accounting to ensure and demonstrate compliance with finance‐related legal requirements.  All of the funds of the City can be  divided into three categories:  governmental funds, proprietary funds, and fiduciary funds.    Governmental funds.   Governmental funds are used to account for essentially the same functions reported as governmental  activities in the government‐wide financial statements.  However, unlike the government‐wide financial statements,  governmental fund financial statements focus on near‐term inflows and outflows of spendable resources, as well as on  balances of spendable resources available at the end of the fiscal year.  Such information may be useful in evaluating a  government’s near‐term financing requirements.    Because the focus of the governmental funds is narrower than that of the government‐wide financial statements, it is useful to  compare the information presented for governmental funds with similar information presented for governmental activities in  the government‐wide financial statements.  By doing so, readers may better understand the long‐term impact of the  government’s near‐term financing decisions.  The governmental funds balance sheet and the statement of revenues,  expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds  and governmental activities.       The City maintained 22 individual governmental funds for 2017.  Information is presented separately in the governmental funds  balance sheet and in the governmental funds statement of revenues, expenditures, and changes in fund balances for the  General Fund and the 75% Sales and Use Tax Fund which are considered to be a major funds.  Data from the other 20  governmental funds are combined into a single aggregated presentation.  Fund data for each individual nonmajor  governmental fund is provided in the form of combining statements following the required supplementary information.      The City adopts an annual budget for its governmental funds.  A budgetary comparison statement has been provided as  required supplementary information for the major governmental funds (General Fund and 75% Sales and Use Tax Fund) to  demonstrate compliance with this budget.      Proprietary funds. The City maintains two different types of proprietary funds.  The first type is enterprise funds, which are  used to report the same functions presented as business‐type activities in the government‐wide financial statements.   Proprietary fund financial statements provide the same type of information as the government‐wide financial statements, only  in more detail.  Information is presented separately in the proprietary fund financial statements for the electric, wastewater,  health system, and telephone funds, all of which are considered to be major funds.  Data from the remaining enterprise funds is  combined into a single, aggregated presentation.  Individual fund data for each of these nonmajor enterprise funds is included  in the combining and individual fund section of this report.    Internal service funds are the other type of proprietary funds.  Internal service funds are used to accumulate and allocate costs  internally among the City’s various functions for self‐insurance.   Because the self‐insurance fund predominately benefits the  business‐type functions, it has been included with the business‐type activities portion of the presentation of the government‐ wide statements.      17 City of Brookings  December 31, 2017      Management's Discussion and Analysis    Fiduciary funds.  Fiduciary funds are used to account for resources held for the benefit of parties outside the City  government.  Fiduciary funds are not reflected in the government‐wide financial statements because the resources of those  funds are not available to support the City’s own programs.  The accounting used for fiduciary funds is much like that used for  proprietary funds.    Notes to the financial statements.  The notes provide additional information that is essential to a full understanding of the  data provided in the government‐wide and fund financial statements.    Other information.  In addition to the basic financial statements and accompanying notes, this report also presents certain  required supplementary information.  This section includes a budgetary comparison schedule and related notes for the General  Fund, select pension information, and the schedule of funding progress for postemployment benefit plans.    The combining statements referred to earlier in connection with nonmajor governmental funds and nonmajor enterprise funds  are presented immediately following the required supplementary information.        Government‐Wide Financial Analysis    Net position.  Net position over time serves as a useful indicator of a government’s financial position.  At the close of 2017,  assets and deferred outflows exceeded liabilities by $352,695,592.  This reflects an increase in the City’s combined net position  of 5.0% between fiscal year 2016 and 2017.      2016 2017 2016 2017 2016 2017 Current and Other Assets $28,185,775 $32,222,673 $116,716,300 $133,383,495 $144,902,075 $165,606,168 Capital  Assets 93,495,509 96,342,232 201,224,641 215,410,790 294,720,150 311,753,022 Total  Assets 121,681,284 128,564,905 317,940,941 348,794,285 439,622,225 477,359,190 Deferred Outflows  of          Resources 3,336,746 3,765,218 11,234,952     13,247,941     14,571,698      17,013,159 Total  Assets and Deferred     Outflows  of Resources  125,018,030 132,330,123 329,175,893 362,042,226 454,193,923 494,372,349 Other Liabilities 2,521,631 5,323,947 18,739,122 22,116,649 21,260,753 27,440,596 Long‐Term Liabilities 25,385,626 27,936,737 71,054,196 82,554,157 96,439,822 110,490,894 Total  Liabilities 27,907,257 33,260,684 89,793,318 104,670,806 117,700,575 137,931,490 Deferred Inflows  of Resources 13,982           640,116         605,089          3,105,151       619,071           3,745,267         Total  Liabilities and Deferred 27,921,239    33,900,800    90,398,407     107,775,957   118,319,646    141,676,757         Inflows  of Resources Net Investment in Ca pital  Assets 72,145,788 76,993,653 136,023,245 136,462,888 208,169,033 213,456,541 Restricted 4,886,747 4,537,648 7,771,643 12,954,510 12,658,390 17,492,158 Unrestricted 20,064,256 16,898,022 94,982,598 104,848,871 115,046,854 121,746,893 Total  Net Position 97,096,791 98,429,323 238,777,486 254,266,269 335,874,277 352,695,592 Beg. Net Position 92,017,334 97,096,791 226,138,837 238,777,486 318,156,171 335,874,277 Change  in Net Position $5,079,457 $1,332,532 $12,638,649 $15,488,783 $17,718,106 $16,821,315 Percentage  Change 5.5% 1.4% 5.6% 6.5% 5.6% 5.0% Condensed Statements of  Net Position Governmental Activities Business‐Type Activities Total   18 City of Brookings  December 31, 2017      Management's Discussion and Analysis    The Statement of Net Position reports all financial and capital resources.  The statement presents the assets, deferred outflows  of resources, liabilities, and deferred inflows of resources in order of relative liquidity.  The liabilities with maturities greater  than one year are reported in two components – the amount due within one year and the amount due in more than one year.   The long‐term liabilities of the City, consisting primarily of compensated absences payable, sales tax revenue bonds payable,  loans payable, and capital leases have been reported in this manner on the Statement of Net Position.  The difference between  the City’s assets and deferred outflow of resources, and the liabilities and deferred inflow of resources is equal to its net  position.    By far the largest portion (60.5%) of the City’s net position is represented by $213.5 million in investment in capital assets (e.g.,  land, buildings, infrastructure, and equipment); less any related debt used to acquire those assets that are still outstanding.   The City uses these capital assets to provide services to citizens; therefore, these assets are not available for future spending.   Although the City’s net investment in capital assets is reported net of related debt, it should be noted that the resources  needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate  these liabilities.    Restricted net position makes up 5.0% of the total net position.  These assets are subject to external restriction on how they  may be used.    The remaining unrestricted balance of $121.7 million (34.5%) may be used to meet the government’s ongoing obligations to  citizens and creditors.  Certain balances within the unrestricted net position have internally imposed designations or limitations  which may further limit the purpose for which such net position may be used.  19 City of Brookings  December 31, 2017      Management's Discussion and Analysis    Changes in net position.  The increase in net position for 2017 was $16,821,315.  The Governmental Activities Net Position  increased $1,332,532 and the Business‐Type Activities Net Position increased $15,488,783.  The Governmental Activities net  position increased in 2017 due to controlled spending and a slight increase in transfers from Business‐Type funds.  The  Business‐Type Activities increased their net position even though revenues were flat due to holding expenditures to a modest  increase.        2016 2017 2016 2017 2016 2017 Revenues Program  Revenues    Charges  for Services $3,448,488 $2,718,111 $138,518,421 $144,826,388 $141,966,909 $147,544,499    Operating Grants 255,425                 344,154             20,766                 19,988                 276,191                364,142                    Capital  Grants    1,822,082              2,283,328          3,246,363            2,847,446            5,068,445             5,130,774              General  Revenues    Taxes 19,247,664            19,706,541        ‐                           ‐                           19,247,664           19,706,541               State  Shared Revenues 220,472                 189,586             ‐                           ‐                           220,472                189,586                    Investment Earnings  126,700                 116,358             473,140               879,148               599,840                995,506                    Miscellaneous 1,906,424              1,548,447          783,252               247,029               2,689,676             1,795,476              Total  Revenues 27,027,255            26,906,525        143,041,942        148,819,999        170,069,197         175,726,524          Expenses General  Government 3,105,729              2,683,335          ‐                           ‐                           3,105,729             2,683,335              Public Safety 5,565,159              4,982,599          ‐                           ‐                           5,565,159             4,982,599              Public Works 6,743,700              6,135,577          ‐                           ‐                           6,743,700             6,135,577              Health and Welfare 109,111                 62,421               ‐                           ‐                           109,111                62,421                   Culture  and Recreation 7,506,553              8,020,666          ‐                           ‐                           7,506,553             8,020,666              Conservation  and Development 901,572                 6,761,176          ‐                           ‐                           901,572                6,761,176              Interest charges 826,085                 737,456             ‐                           ‐                           826,085                737,456                 Electric Fund ‐                            ‐                         24,525,853          24,515,516          24,525,853           24,515,516            Health System  Fund ‐                            ‐                         57,019,809          60,558,629          57,019,809           60,558,629            Telephone Fund ‐                            ‐                         30,825,559          29,219,330          30,825,559           29,219,330            Liquor Fund ‐                            ‐                         3,859,242            3,678,655            3,859,242             3,678,655              Water Fund ‐                            ‐                         2,952,599            2,888,204            2,952,599             2,888,204              Wastewater Fund ‐                            ‐                         3,973,778            4,584,074            3,973,778             4,584,074              Airport Fund ‐                            ‐                         1,252,509            1,195,489            1,252,509             1,195,489              Golf Fund ‐                             ‐                         609,864               558,579               609,864                558,579                 Solid Waste  Fund ‐                            ‐                         2,444,615            2,188,944            2,444,615             2,188,944              Research and Technology Fund ‐                            ‐                         129,354               134,559               129,354                134,559                 Total  Expenses 24,757,909            29,383,230        127,593,182        129,521,979        152,351,091         158,905,209          Excess     Before Transfers 2,269,346              (2,476,705)         15,448,760          19,298,020          17,718,106           16,821,315            Transfers 2,810,111              3,809,237          (2,810,111)           (3,809,237)                          ‐                ‐ Change  in Net Position 5,079,457              1,332,532          12,638,649          15,488,783          17,718,106           16,821,315            Beginning Net Position  92,017,334            97,096,791        226,138,837        238,777,486        318,156,171         335,874,277          Ending Net Position 97,096,791$          98,429,323$      238,777,486$      254,266,269$      335,874,277$       352,695,592$        Condensed Statements of Activities Governmental Business‐Type Activities Activities Total     Governmental activities.  Revenues for the City’s governmental activities were $26,906,525.  Taxes accounted for 73.2% of  the overall revenues generated in 2017 compared to 71.2% in 2016.  Capital grants and contributions increased by $461,246  due to more construction projects where large portions were the responsibility of the developers and areas were funded with  Federal and State grants.  Miscellaneous revenue decreased by 18.8% or $357,977 due to a sale of industrial land in 2016 where  no sales occurred in 2017. Charges for services decreased by 21.2% from the previous year, in part because in 2017 the City  agreed to reduce an assessment due by 45% on a project completed in a previous year thereby reducing the amount of  assessment revenue in 2017.  In addition, the City’s event center revenue was down ($191,212) from the previous year due low  attendance at some concerts, fewer special events booked, and unanticipated weather conditions.  Other revenue sources  reflected a combination of increases and decreases with a minimal net effect.     20 City of Brookings  December 31, 2017      Management's Discussion and Analysis    The most significant source of revenue to the City is based on taxable retail sales in the community (sales & use tax).  The City  experienced a flat year with the increase only $3,216 or .02% in sales tax revenue compared to the prior year.  The City’s Ends  policy takes a conservative approach to budgeting and provides that the City average the last five years’ tax revenues and  budget a 2.5% increase above that average.  The net increase in sales & use tax revenue was reflected as follows: .18% or  $11,637 increase in 1st penny sales and use tax, .19% or $3,139 increase in the 25% portion of the 2nd penny sales and use tax,  .18% or $8,804 increase in the 75% portion of the 2nd penny sales and use tax, and a ‐2.78% or ($20,364) decrease in the 3rd  penny Bed and Booze tax.  The decrease can be attributed in part to the reduction at the event center revenue.       Governmental Activities expenses increased by 18.7% or $4,625,321 from 2016.  The increase was due in large part to a $5.5  million donation made by the City to South Dakota State University for their addition to the Performing Arts Center.  The  contribution is reflected in Conservation and Development. The other categories had a combination of overall increases and  decreases.      Business‐type activities.  Overall revenues of the City’s Business‐Type Activities increased 4.0% in 2017 compared to a  decrease of .6% in 2016.  Charges for services increased $6.3 million, or 4.6%.  Operating and capital contribution/grants  decreased by $399,675 and investment revenue increased by $406,008.      Operating expenses increased by approximately $1.93 million or 1.5% in 2017 compared to a 4.9% increase in 2016. The  increase is a combination of overall increases, with the largest increase in the health system fund which increased by $3.5  million or 6.2% over 2016.  This increase can be attributed to the additional expenses associated with the addition to the  hospital.         Financial Analysis of the City’s Funds    As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance‐related legal requirements.   Some funds are required by statute while others are established internally to assist management in accounting for certain  activities.  The City maintains thirty‐three funds – general fund, nine special revenue funds, six debt service funds, six capital  project funds, ten business‐type funds and one internal service fund.     Governmental Funds  The accounting focus of the City’s governmental funds is to provide information on near‐term inflows, outflows and balance of  spendable resources.  Such information is useful in assessing the City’s financing activities and abilities.  In particular, the  unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of  the fiscal year.      General Fund.  The General Fund is the primary operating fund of the City.  The fund balance increased by $1,069,207 or 7.3%  from 2016.  This increase is due mainly to less capital spending within the general fund.        In 2017, 1st penny sales tax increased by $11,637 and property tax by $79,784 for a combined total of .96%.  Miscellaneous  revenue decreased by $221,333 due to a sale of industrial development land in 2016 where no land was sold in 2017.  Overall,  revenues as a whole decreased by ‐1.39% or ($181,787).      General Fund expenditures decreased by $1.5 million or 9.4%.  The decrease is due to decrease in capital spending from the  General Fund.  Beginning in 2017, instead of transferring funds from the sales tax funds to the General Fund for capital  purchases, the purchases were made directly out of the Sales & Use Tax funds.      75% Sales and Use Tax Fund.  The 75% Sales and Use Tax Fund is used to account for 75% of the 2nd penny sales tax and is  used for capital improvements.  The fund balance decreased by $33,051 or 1.8%.  This decrease was due to increased project  expense.    The expenditures increase by $7.8 million or 2.8% due largely to a $5.5 million contribution made to South Dakota State  University for the expansion of the Performing Arts Center, a facility that will enhance the community as a whole.    21 City of Brookings  December 31, 2017      Management's Discussion and Analysis    Total revenues increased by $5.9 million.  Despite tax revenues being flat for 2017, private contributions increased by $352,887  due a citizen cost sharing with the City to refurbish the old Carnegie Library, and other financing sources (proceeds from debt)  increased by $5.9 million.         Proprietary (business‐type) Funds    Electric Fund.  In 2017, the Electric fund net position increased by $2,968,448, compared to an increase of $1,311,769 in 2016.   Operating revenues increased by $724,000 primarily due to a 4% increase in user charges.  Kilowatt‐hour sales were similar to  the prior year, increasing .05% in 2017.  Operating expenses increased by $55,000 or .2% in 2017.    An increase of $614,000  was due to the cost of purchased power from suppliers which was offset by a decrease of $527,000 in personal services.   Operating transfers totaling $2,055,000 were made from the Electric fund to the General Fund in 2017.      Wastewater Fund.  The Wastewater fund net position increased by $1,516,666 in 2017 and $2,146,176 in 2016.  Capital  contributions of $500,990 in 2017 and $613,821 in 2016 were responsible for 33.0% and 28.6% of the increase in net position,  respectively.  Operating revenues increased by $574,000 in 2017.  A 7.5% overall increase to user charges was made to units  billed to customers in 2017.  Operating expenses increased $249,000 in 2017, due primarily to higher maintenance expense for  newly constructed facilities.      Health System Fund.  Brookings Health System increased its net position by $6,023,151 in 2017 and $4,893,495 in 2016. The  2017 increase was due to greater utilization of the hospital services.  The Health System’s charges for services increase by $5.9  million due to increased volumes and improved Medicare revenue from the reinstatement of the Rural Community Hospital  Demonstration (RCHD) project.   Capital contribution/grants decreased by ($1.5) million due to a large capital project which   had significant private donations from the community in 2016    Telephone Fund.  The Telephone fund net position increased by $1,743,160 in 2017 compared to an increase of $1,489,127 in  2016.  Operating revenues decreased by $1.1 million due to decreased usage of the telecommunication facilities.  Operating  expenses decreased by $1.4 million over the prior year due to lower reported personal services and lower contractual  expenses.  Operating transfers totaling $200,000 were made from the Telephone Fund to the General Fund in 2017.      General fund budgetary highlights  Over the course of the year, the City Council revised the City budget three times. Supplemental appropriations and contingency  transfers were approved for unanticipated, yet necessary, expenses to provide for items necessary for the health and welfare of  its citizens.    The final General Fund expenditure budget reflects an increase to the original budget by $526,202, or about 3.3%.  Budget  amendments were made to increase expenditures for salaries and capital outlay which included the following:  to authorize  spending grant funds received in 2017 for K‐9 vehicle and equipment, bullet proof glass, and AED’s, purchase an asphalt  reclaimer, pickup, and unexpected equipment replacement purchases.   Increases were also necessary to account for  uncompleted capital items carried over from the previous year such as the new restroom at Sexauer Park, remodel of the old  Carnegie Building, Aquatic Center sandblasting and painting, comprehensive master plan, Gateway street lights, and railroad  crossing arms to name a few.    Actual General Fund expenditures were $1,651,839 less than the adjusted budget.  Some departments didn’t complete all  scheduled projects in 2017 or budgeted purchases came in lower than anticipated, therefore were under budget as follows:   community development was $91,038 under budget; highways and streets was $300,136 under budget; recreation was  $103,544 under budget; and parks was $534,830 under budget.  Overall, the departments held their spending in line with the  budget for 2017.    Actual General Fund revenues were $220,514 more than the adjusted budget due to following the conservative Governance  and Ends Policy relating to budgeted revenues.           22 City of Brookings  December 31, 2017      Management's Discussion and Analysis    Capital Asset Administration                  Major activity within the Governmental Activities in 2017 included the following:  Land was purchased that will be used for right‐of‐way, and expansion of the City County Administration Center parking lot.   Construction in progress increased due to the 6th Street project from 20th Ave to 34th Ave, and the traffic signal project.   Buildings increased due to the completion of the new south $1.2 million south main Fire Station.  Continuing infrastructure  projects include the continued development of new residential areas.  This included street, curb, gutter, and sewer  improvements, much of which is donated to the City by the developer.  The value added to infrastructure in 2017 was $1.4  million of which $932,000 was donated, however the depreciation expense exceeded the additions for an overall decrease in  infrastructure net of depreciation.      Major equipment purchased or replaced included 2 replacement police vehicles and 1 additional police vehicle; 1 additional  civil defense siren; replacement of 1 fire tender truck; 2 replacement vehicles for engineering; 1 replacement vehicle for  community development; a variety of machinery and equipment in the street department such as an asphalt reclaimer, 2 new  pickups, motor grader sings and reversible plow, truck with box/hoist; replace pickup for animal control; new scoreboard  display for the Swiftel Center; replacement of 2 pickups, 3 mowers, 1 all‐terrain utility vehicle for the Parks department; and a  truck with box for the Forestry department.      Major activity in the Business‐Type Activities in 2017 included the following:    In 2017, the Electric fund increased capital assets by approximately $2.5 million for the acquisition and construction of assets.   The purchase of a trencher and service truck accounted for $165,0000.  The on‐going upgrade of the metering system resulted  in expenditures of $257,000.  The balance was spent in the distribution system facilities to meet the needs of customers.  Total Total Dollar Percentage Change Change Capital Assets (Net of  Depreciation) 2016 2017 2016‐2017 2016‐2017 Land 10,015,411$ 10,115,950$ 100,539$    1.0% Construction in Progress 881,647        2,093,395     1,211,748   137.4% Buildings and Other Improvements 32,359,162   33,643,264   1,284,102   4.0% Machinery and Equipment 8,724,785     9,080,355     355,570      4.1% Infrastructure 41,514,504   41,409,268   (105,236)      ‐0.3% Total  Capital  Assets  (Net) 93,495,509$ 96,342,232$ 2,846,723$ 3.0% Governmental Activities Dollar Percentage Change Change Capital Assets  (Net of  Depreciation) 2016 2017 2016‐2017 2016‐2017 Land 4,770,567$      4,811,817$      41,250$         0.9% Construction in Progress 31,729,113      3,446,575        (28,282,538)   ‐89.1% Buildings and Other Improvements 154,830,810    191,638,687    36,807,877    23.8% Machinery and Equipment 9,894,151        15,513,711      5,619,560      56.8% Total  Capital  Assets  (Net) 201,224,641$  215,410,790$  14,186,149$  7.0% Total Total Business‐type Activities 23 City of Brookings  December 31, 2017      Management's Discussion and Analysis       The Telephone fund increased capital assets by approximately $4.2 million for the acquisition and construction of capital assets  in 2017. Upgrades included the continuing deployment of fiber facility, a variety of electronics and infrastructure  improvements, and increase in wireless capacities, and the continued deployment of broadband services.     The Wastewater fund increased capital assets by approximately $938,000 in the acquisition and construction of assets in 2017.   The purchase of a sewer jet machine for $324,900, the rehab of aging sewer mains for $300,000, and the replacement of mains  on 6th St from 22nd Ave to 34th Ave for $160,000 were the majority of the capital additions.      In 2017 the Brookings Health System capital assets increased $11.59 million due to the continuing construction in progress and  partition completion of the hospital renovation and addition of a medical office building.     The Solid Waste fund had equipment purchases of $425,900 including a replacement of a garbage truck and pickup.      The Airport capital asset additions totaled $55,100.  The reconstruction of runway 17/35 started in 2016 and continued in 2017,  other projects/purchases included the taxilane in the Ag‐Area, purchase of a new paint striper, and bobcat.  Most of the cost for  the runway project was paid for with Federal Airport Improvement Project funds.    See note 7 for additional information regarding capital assets.    Long‐Term Liabilities    At December 31, the City had the following long‐term liabilities:      Dollar Percentage 2016 2017 2016 2017 Amount Amount Revenue Bonds 21,795,220$   19,487,859$   6,185,336$          5,865,471$       (2,627,226)$   ‐9.4% Loans ‐                      5,800,000       29,143,534    28,495,805 5,152,271      17.7% Capital  leases ‐                      260,970          26,696,924          43,297,098       16,861,144    63.2% OPEB 1,417,833       1,493,993       1,110,929            1,190,116         155,347         6.1% Amount Due Under    Joint Agreements ‐                      ‐                      958,735               1,555,350         596,615         62.2% Landfill    Closure/Postclosure ‐                      ‐                      559,223               606,049            46,826           8.4% Compensated    Absences 898,563          893,915          1,416,357            1,544,268         123,263         5.3% Ne t Pension  Liability 1,274,010       ‐                      4,983,158            ‐                        (6,257,168)    100.0% Total  Long‐Term Liabilities 25,385,626$   27,936,737$   71,054,196$        82,554,157$     14,051,072$  14.6% Total Change Activities Activities Governmental Business‐Type   The City has outstanding Sales Tax Revenue Bonds in the amount of $6,510,000 at the end of 2017.  The bonds are secured by  revenue generated from the 2nd Penny Sales & Use Tax Fund.  These bonds were issued to advance refund outstanding Sales  Tax Revenue Bonds Series 2001, 2003 and 2005, and in addition fund the City’s portion of the construction of the City/County  Administration building.  The bonds are scheduled to be retired in 2022.    The City has outstanding Sales Tax Revenue Bonds in the amount of $9,149,693 at the end of 2017.  The bonds are secured by  revenue generated from the 2nd Penny Sales & Use Tax Fund.  These bond were issued to finance a variety of capital purchases  and construction in 2014.  The bonds are scheduled to be retired in 2033.    The City has an outstanding State Revolving Fund Bond in the amount of $509,200.  This bond is secured by TIF‐1 property tax  increment revenues and also by revenue generated by the 2nd Penny Sales & Use Tax Fund.  The City is the developer and  24 City of Brookings  December 31, 2017      Management's Discussion and Analysis    therefore is responsible for any bond repayment in excess of the property tax revenue generated by the Tax Increment District.   This bond was issued to construct infrastructure at the Innovation Campus which is designed to attract new innovative  companies who can take advantage of the talent at South Dakota State University.    The City has outstanding State Revolving Fund Bonds in the amounts of $301,007, $276,305, $183,957, $1,686,708, and  $423,021.  These bonds are secured by Storm Drainage fees assessed to property owners.  These bonds were issued to  construct storm drainage projects in the Southland addition, Pheasant’s Nest addition, Nelson addition, Camelot addition and  Division Ave.     The City has an outstanding bond from South Dakota SDHDA in the amount of $277,825.  This bond is secured by TIF ‐3  property tax increment revenues with the developer of the project as guarantor of the bond.  Therefore, the developer is  responsible for any bond repayments in excess of available property tax revenue generated by the Tax Increment District.    The City has an outstanding Tax Increment Revenue Note in the amount of $110,218.  This note is secured by TIF‐4 property tax  increment revenues with the developer of the project as guarantor of the bond.  Therefore, the developer is responsible for any  repayments in excess of available property tax revenue generated by the Tax Increment District.    The City has zero‐interest outstanding loans in the amount of $5,400,000 and $400,000.  These loans are to be repaid from the  75% Sales and Use Tax and scheduled for completion in 2027 and 2021 respectively.    The City has a capital acquisition lease for purchase of a scoreboard display to be paid using the Swiftel Center funds in the  amount of $260,970.    The City has an electric revenue bond with outstanding principal of $885,471.  This bond was used for construction and  modifications of the electric utility system to include the purchase and installation of substation components that enhance the  ability to serve the needs of the South Dakota State University campus and users of the electric utility generally.  The interest  rates for the bonds are not to exceed 5.95% with final maturity due June 1, 2028.    The City has an electric revenue bond with outstanding principal of $4,980,000.  This bond was issued for construction of a  115KV transmission line, reconstruction of three substations and the installation of four 115/12.5KV transformers and related  improvements.  The interest rates for the bonds are 0.65% to 3.9% with final maturity due December 1, 2031.    The City has an outstanding State Revolving Fund (SRF) Loan in the amount of $28,495,805.  The loan is secured by revenues of  the wastewater fund.  This loan was issued to construct improvements to the wastewater treatment facilities and collection  system.  The interest rate on the loan is 3.25% with final maturity October 15, 2044.     The City has capital acquisition leases for purchase of utility plant to be paid using the telephone, water, wastewater, and  electric funds in the amount of $4,525,000.    The City has outstanding Certificates of Participation for the construction of the skilled nursing facility in the amount of  $9,058,204.    The City has Certificates of Participation for the construction of the new medical office building and renovation of existing  hospital in the amount of $7,781,863 and $21,932,031, respectively.    The City is liable for the accrued compensated absences of $893,915 within the Governmental Funds and $1,544,268 within the  Enterprise Funds payable to all full‐time employees who have been employed for more than 6 months.      See note 8 for additional information regarding long‐term liabilities.    Economic Outlook and Next Year’s Budget    The 2017 Sales & Use Tax revenues were up .18% from the 2016 revenue; this flat change is attributed to a sluggish local and  farm economy.   Although the results were disappointing, due to conservative budgeting as required under the City’s Ends  25 City of Brookings  December 31, 2017      Management's Discussion and Analysis    Policy, the tax revenue did meet 2017 budgeted revenue.  The 2018 tax revenue was budgeted with a projected 3.0% growth  from the 2017 budget.            The 2017 property tax levy (payable in 2018) increased .002 per thousand in valuation.  In the last year the taxable valuation for  the City of Brookings has increased $40.2 million.    For 2018 the City budgeted a 2.25% overall salary increase plus movement through steps for employees.  At the time the  budget was completed, due to our claims experience health insurance premiums were budgeted to remain the same as that of  2017.  Vision premiums remained virtually the same as 2017 as did dental coverage.            The 2018 budget increased the full‐time workforce by one half in the Police department by starting an additional patrol officer  mid‐year.  In addition, a full time Street clerical position was replaced with a part‐time position and an additional street  maintenance worker.        The chart at right shows the comparison of  the 2018 budget with the 2017 budget for  all governmental funds.   The increase in  personnel services reflects the cost of  living adjustment (COLA) increase and  regular step increases.  The increase in  current operations reflects additional  operating expenses, necessary  maintenance and upkeep of aging  facilities.  The decrease in subsidies to  other is a result of the near completion for  the expansion projects of two local  companies who receive economic  incentive payments from the City sales tax. (see note 19).  The increase in capital outlay reflects construction of planned road  projects, storm drainage projects, continued work on the Brookings Gateway project, and starting the second phase of the S.  Main project.  Transfers increased slightly with the addition of the 1% of capital spending going into the Public Art fund.      As with the governmental funds,  increase in personnel services reflects  the cost of living adjustment (COLA)  increase and regular step increases.   Operating expenses increased slightly  due to additional repairs and  maintenance, and an increase in hauling  fees at the landfill.  Capital expenses  significantly decrease due to the  substantial completion of runway 17/35  which is planned for 2017/2018.  A large portion of the funding for the airport project will come from Federal and State grant  funds.          CONTACTING THE CITY’S FINANCIAL MANAGEMENT    This financial report is designed to provide our citizens, taxpayers, customers, investors, and creditors with a general overview  of the City’s finances and to demonstrate the City’s accountability for the monies it receives.  If you have questions about this  report or need additional information, contact the City of Brookings Finance Office, 520 3rd Street Suite 230, Brookings, SD  57006. 2017 2018 % BUDGET BUDGET CHANGE Personnel  $10,252,634  $ 10,646,228 3.8% Current Operating      8,497,751        8,690,925 2.3% Subsidies  to  Other       2,278,750        1,879,700 ‐17.5% Capital  Outlay      7,408,220      11,201,585 51.2% Debt Service        2,714,096        2,698,942 ‐0.6% Transfers 2,315,541   2,576,635    11.3%   ALL GOVERNMENTAL FUNDS (Liquor‐Airport‐SWC‐2017 2017 % SWD‐Golf ‐R&T Center)BUDGET BUDGET CHANGE Personnel $1,757,629 $1,807,584 2.8% Current Operating 4,843,201 5,064,901 4.6% Capital 2,060,100 1,217,200 ‐40.9% Transfers 1,124,961 1,206,211 7.2% ENTERPRISE FUNDS 26 City of Brookings December 31, 2017 Statement of Net Position Component  Primary Government Unit Governmental Business‐Type Health System Activities Activities Total Foundation ASSETS    Cash and cash equivalents 17,128,858$                  64,303,123$                 81,431,981$                 268,799$                          Investments‐CDs 375,384                          25,170,320                   25,545,704                   ‐                                     Investments 5,210,520                      3,141,990                     8,352,510                     ‐                                    Receivables, net 1,589,084                      18,308,964                  19,898,048                  1,375,611                        Due from other governments 1,572,921                      53,503                          1,626,424                     ‐                                    Internal balances 815,472                         (815,472)                       ‐                                 ‐                                    Land held for resale 2,586,598                      ‐                                 2,586,598                     ‐                                    Inventories 74,589                           5,032,519                     5,107,108                     ‐                                    Deposits 355,852                         ‐                                 355,852                        ‐                                    Prepaid expenses 558,508                         1,007,619                     1,566,127                     ‐                                    Prepaid bond insurance 44,534                           ‐                                 44,534                          ‐                                    Restricted cash and cash equivalents 1,839,090                      1,399,782                     3,238,872                     473,527                           Restricted investments‐CDs 38,138                           14,808,961                  14,847,099                  ‐                                    Other assets ‐                                  842,422                        842,422                        ‐                                    Net pension asset 33,125                           129,764                        162,889                            Capital assets:      Capital assets not being depreciated 12,209,345                   8,258,392                     20,467,737                  ‐                                      Capital assets being depreciated, net 84,132,887                   207,152,398                291,285,285                ‐                                          Total capital assets 96,342,232                   215,410,790                311,753,022                ‐                                          Total assets 128,564,905                 348,794,285                477,359,190                2,117,937                     DEFERRED OUTFLOWS OF RESOURCES    Pension related deferred outflows 3,363,968                      13,247,941                  16,611,909                  ‐                                        Loss on debt refunding 401,250                         ‐                                     401,250                        ‐                                              Total deferred outflows of resources 3,765,218                      13,247,941                  17,013,159                  ‐                                          Total assets and deferred outflows of resources 132,330,123                 362,042,226                494,372,349                2,117,937                     LIABILITIES     Accounts payable 2,095,301                      18,933,175                  21,028,476                  287                                   Accrued expenses 266,911                         2,375,910                     2,642,821                     707                                   Accrued interest 62,400                           563,945                        626,345                        ‐                                    Other current liabilities ‐                                  9,000                             9,000                             ‐                                    Due to other governments 51,326                           66,500                          117,826                        ‐                                    Customer deposits ‐                                  168,119                        168,119                        ‐                                    Unearned revenue 2,848,009                      ‐                                 2,848,009                     ‐                                    Noncurrent liabilities:      Portion due or payable within one year:      Bonds payable 2,140,509                      328,525                        2,469,034                     ‐                                      Loans payable 200,000                         671,357                        871,357                        ‐                                      Capital leases 25,613                           1,817,708                     1,843,321                     ‐                                      Compensated absences 300,000                         1,175,845                     1,475,845                     ‐                                      Portion due or payable after one year:      Bonds payable 17,347,350                   5,536,946                     22,884,296                  ‐                                      Loans payable 5,600,000                      27,824,448                  33,424,448                  ‐                                      Capital leases 235,357                         41,479,390                  41,714,747                  ‐                                      OPEB payable 1,493,993                      1,190,116                     2,684,109                     ‐                                      Amount due under joint operating agreement ‐                                  1,555,350                     1,555,350                      ‐                                      Accrued landfill closure and             postclosure costs ‐                                  606,049                        606,049                         ‐                                      Compensated absences 593,915                         368,423                        962,338                        ‐                                      Total liabilities 33,260,684                   104,670,806                137,931,490                994                                DEFERRED INFLOWS OF RESOURCES    Pension related deferred inflows 640,116                         2,501,034                     3,141,150                      ‐                                        Proceeds from sales of future revenues ‐                                      604,117                        604,117                        ‐                                          Total liabilities and deferred inflows of resources 33,900,800                   107,775,957                141,676,757                994                                NET POSITION    Net investment in capital assets 76,993,653                   136,462,888                213,456,541                ‐                                    Restricted for:       Debt service and covenants 219,815                         1,398,227                     1,618,042                      ‐                                       Insurance deposit 355,852                          ‐                                 355,852                         ‐                                       Other purposes (by donations)59,925                           ‐                                 59,925                          1,849,138                           SDRS pension purposes 2,756,977                      10,876,671                  13,633,648                  ‐                                       Enabling legislation 1,145,079                      ‐                                 1,145,079                     ‐                                       Landfill closure and post closure ‐                                  679,612                        679,612                        ‐                                    Unrestricted 16,898,022                   104,848,871                121,746,893                267,805                                 Total net position 98,429,323$                 254,266,269$              352,695,592$              2,116,943$                   The notes to the financial statements are an integral part of this statement 27 City of Brookings Year Ended December 31, 2017 Statement of Activities Program Revenues Operating Capital Primary Government Component Unit Charges for Grants and Grants and Governmental Business‐Type Health System Functions/Programs Expenses Services Contributions Contributions Activities Activities Total Foundation Primary government:   Governmental activities:     General government 2,683,335$             109,310$                29,621$              ‐    $                       (2,544,404)$            ‐    $                         (2,544,404)$            ‐    $                                 Public safety 4,982,599               96,173                     221,772              208,793                (4,455,861)              ‐                           (4,455,861)              ‐                                   Public works 6,135,577               161,414                   6,837                   1,655,294            (4,312,032)              ‐                           (4,312,032)              ‐                                   Health and welfare 62,421                     12,240                     ‐                       ‐                        (50,181)                   ‐                           (50,181)                   ‐                                   Culture and recreation 8,020,666               2,338,974               85,924                419,241                (5,176,527)              ‐                           (5,176,527)              ‐                                   Conservation and development 6,761,176               ‐                           ‐                       ‐                        (6,761,176)              ‐                           (6,761,176)              ‐                                   Interest and fiscal charges 737,456                   ‐                           ‐                       ‐                        (737,456)                 ‐                           (737,456)                 ‐                                       Total governmental activities 29,383,230             2,718,111               344,154              2,283,328            (24,037,637)            ‐                           (24,037,637)            ‐                                 Business‐type activities:     Electric 24,515,516             28,502,743             ‐                       862,229                ‐                           4,849,456                4,849,456               ‐                                   Health System 60,558,629             65,773,982             19,988                521,880                ‐                           5,757,221               5,757,221               ‐                                       Telephone 29,219,330             31,162,913             ‐                       ‐                        ‐                           1,943,583               1,943,583               ‐                                       Liquor 3,678,655               4,132,486               ‐                       ‐                        ‐                           453,831                   453,831                   ‐                                       Water 2,888,204               5,394,391               ‐                       249,563                ‐                           2,755,750               2,755,750               ‐                                       Wastewater 4,584,074               5,537,130               ‐                       500,990                ‐                           1,454,046               1,454,046               ‐                                       Airport 1,195,489               47,299                     ‐                       712,784                ‐                           (435,406)                 (435,406)                 ‐                                       Golf 558,579                   385,897                   ‐                       ‐                        ‐                           (172,682)                 (172,682)                 ‐                                       Solid Waste 2,188,944               3,721,235               ‐                       ‐                        ‐                           1,532,291               1,532,291               ‐                                       Research and Technology 134,559                   168,312                   ‐                       ‐                        ‐                           33,753                     33,753                     ‐                                           Total business‐type activities 129,521,979           144,826,388           19,988                2,847,446            ‐                           18,171,843             18,171,843             ‐                               Total primary government 158,905,209$        147,544,499$        364,142$            5,130,774$          (24,037,637)            18,171,843             (5,865,794)              ‐                                 Component unit:    Health System Foundation 668,834$                117,771$                199,557$            ‐$                       (351,506)                     General revenues:   Taxes:     Property taxes 5,181,164               ‐                           5,181,164               ‐                                   Sales taxes 14,164,131             ‐                           14,164,131             ‐                                   Other taxes 361,246                   ‐                           361,246                   ‐                                 State shared revenues 189,586                   ‐                           189,586                   ‐                                 Unrestricted investment earnings 116,358                   879,148                   995,506                   ‐                                 Gain on disposition of capital assets ‐                           327                          327                          ‐                                 Miscellaneous 1,548,447               246,702                   1,795,149               ‐                               Transfers 3,809,237               (3,809,237)              ‐                           ‐                                       Total general revenues and transfers 25,370,169             (2,683,060)              22,687,109             ‐                                             Change in net position 1,332,532               15,488,783             16,821,315             (351,506)                     Net position ‐ beginning 97,096,791             238,777,486           335,874,277           2,468,449                   Net position ‐ ending 98,429,323$           254,266,269$        352,695,592$        2,116,943$                The notes to the financial statements are an integral part of this statement Net (Expense) Revenue and Changes in Net Position 28 Balance Sheet ‐ Governmental Funds Other Total General 75% Sales & Use Governmental Governmental Fund Tax Fund Funds Funds ASSETS   Cash and cash equivalents 8,069,352$                 250,536$                  8,808,970$          17,128,858$          Investments ‐ CDs 172,550                        34,732                       168,102                375,384                   Investments 2,997,445                    791,877$                  1,421,198             5,210,520               Restricted cash and cash equivalents 23,041                         1,551,557                 264,492                1,839,090               Restricted investments‐CDs 38,138                         ‐                                 ‐                         38,138                     Receivables, (net of allowances for uncollectibles, if any):         Property taxes 2,628                           ‐                                 ‐                             2,628                             Accounts 262,112                       352,888                    90,687                  705,687                        Storm drainage fees ‐                                    ‐                                 1,424                    1,424                             Special assessments ‐                                    ‐                                 861,949               861,949                        Interest 10,030                         2,294                         5,072                    17,396                     Due from other funds 29,738                         ‐                                 27                          29,765                     Due from other governments 775,691                       479,840                    317,390               1,572,921               Land held for resale 2,586,598                   ‐                                 ‐                             2,586,598               Inventories:         Supplies 56,906                         ‐                                 ‐                             56,906                           Stores ‐                                    ‐                                 17,683                  17,683                     Deposits 355,852                       ‐                                 ‐                             355,852                  Advance to other funds 714,693                       ‐                                 ‐                             714,693                  Prepaid items 535,967                       ‐                                 22,541                  558,508                           Total assets 16,630,741$               3,463,724$              11,979,535$       32,074,000$        LIABILITIES   Accounts payable 438,120$                     112,892$                  1,543,289$          2,094,301$             Retainage payable ‐                                1,000                     1,000                       Due to other funds 99,790                         27                              34,432                  134,249                  Due to other governments 1,701                           ‐                                 49,625                  51,326                     Accrued wages payable 219,989                       ‐                                 46,922                  266,911                  Advance from other funds 127,147                       ‐                                 1,699,622             1,826,769               Unearned revenue ‐                                    1,549,682                 1,298,327             2,848,009                        Total liabilities 886,747                       1,662,601                 4,673,217            7,222,565             DEFERRED INFLOWS OF RESOURCES   Unavailable revenue 2,628                           ‐                                 863,373                866,001                              Total deferred inflows of resources 2,628                           ‐                                 863,373               866,001                FUND BALANCES    Nonspendable 3,263,418                   ‐                                 40,224                  3,303,642                Restricted 59,925                         ‐                                 1,364,894            1,424,819                Committed 3,973,356                   1,801,123                 4,944,454            10,718,933              Assigned 2,111,523                   ‐                                 1,992,551            4,104,074                Unassigned 6,333,144                   ‐                                 (1,899,178)          4,433,966                        Total fund balances 15,741,366                 1,801,123                 6,442,945            23,985,434           Total liabilities, deferred inflows of resources,     and fund balances 16,630,741$               3,463,724$              11,979,535$       32,074,000$        City of Brookings December 31, 2017 The notes to the financial statements are an integral part of this statement 29 City of Brookings December 31, 2017 Reconciliation of Balance Sheet of Governmental Funds to the Statement of Net Position Total fund balances for governmental funds 23,985,434$                Total net position reported for governmental activities in the statement of net position is different because: Net pension asset reported in governmental activities is not an available financial resource and therefore is not reported in  the funds.33,125 Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds.  Those  assets consist of:       Land 10,115,950                  Construction in progress 2,093,395                    Building and improvements, net of $14,457,445 accumulated depreciation 33,643,264                  Equipment, net of $10,543,564 accumulated depreciation 9,080,355                    Infrastructure, net of $32,879,332 accumulated depreciation 41,409,268                     Total capital assets 96,342,232                  Assets such as taxes receivable, special assessment receivables, and other receivables are not available to pay for current  period expenditures and therefore are deferred in the funds.866,001                       Pension related deferred outflows are components of the net pension liability and therefore are not reported in the funds.3,363,968                    Prepaid bond insurance costs are recorded as an expenditure in the fund statements, whereas in the statement of net  position they are shown as an asset and amortized.44,534                         The deferred loss on refunding is not a current period item and therefore, is not reported in the fund financial statement 401,250                       Internal service funds are used by management to charge the costs of certain activities, such as insurance, to individual  funds.  The assets and liabilities of certain internal service funds are included in governmental activities in the statement of  net position.2,032,032                    Pension related deferred inflows are components of the net pension liability and therefore are not reported in the funds.(640,116)                          Long‐term liabilities, including bonds payable and accrued leave payable are not due and payable in the current period and  therefore are not reported in the funds. Balances at December 31, 2017 are:       Bonds payable (19,487,859)                Loans payable (5,800,000)                  Capital leases (260,970)                      OPEB payable (1,493,993)                  Compensated absences (893,915)                      Accrued interest (62,400)                           Total long‐term liabilities (27,999,137)                 Total net position of governmental activities 98,429,323$                The notes to the financial statements are an integral part of this statement 30 City of Brookings Year Ended December 31, 2017 Statement of Revenues, Expenditures, and Changes in Fund Balances ‐ Governmental Funds Other Total General 75% Sales & Use Governmental Governmental Fund Tax Fund Funds Funds REVENUES Taxes:    General property taxes 3,014,946$          ‐    $                         1,247,505$         4,262,451$             Storm drainage taxes ‐                        ‐                           917,714               917,714                   General sales and use taxes 6,642,103            4,972,894                2,549,134           14,164,131             Other taxes 1,536                    ‐                           361,246               362,782                Licenses and permits 268,969               ‐                               ‐                           268,969 Intergovernmental revenue 824,869               ‐                               111,456              936,325 Charges for goods and services 438,655               ‐                               1,867,475           2,306,130 Fines and forfeits 89,604                 ‐                               19,449                109,053 Miscellaneous revenue 1,603,562            368,502                  470,021              2,442,085                     Total revenues 12,884,244          5,341,396               7,544,000           25,769,640          EXPENDITURES Current:   General government 2,625,178             ‐                               4,933                  2,630,111              Public safety 4,020,762             ‐                               686,147              4,706,909              Public works 2,609,371             ‐                               367,987              2,977,358              Health and welfare 96,106                 ‐                               ‐                           96,106                   Culture and recreation 3,764,573            ‐                               2,474,830           6,239,403              Conservation and development ‐                            5,869,929               891,247              6,761,176            Debt service:   Principal ‐                            1,977,326               451,680              2,429,006              Interest and other charges ‐                            518,723                  160,982              679,705               Capital outlay 1,762,315            2,184,835               3,665,558           7,612,708                     Total expenditures 14,878,305          10,550,813             8,703,364           34,132,482                   Deficiency of revenues under expenditures (1,994,061)           (5,209,417)              (1,159,364)         (8,362,842)          OTHER FINANCING SOURCES (USES) Transfers in 3,329,787            1,602,523               4,429,916           9,362,226            Transfers out (325,349)              (2,326,157)              (2,901,483)         (5,552,989)          Issuance of long term debt ‐                            5,900,000               294,600              6,194,600            Sale of capital assets 58,830                 ‐                               ‐                           58,830                          Total other financing sources (uses)3,063,268            5,176,366               1,823,033           10,062,667                     Net change in fund balances 1,069,207            (33,051)                   663,669              1,699,825            Fund balances ‐ beginning 14,672,159          1,834,174               5,779,276           22,285,609          Fund balances ‐ ending 15,741,366$        1,801,123$             6,442,945$         23,985,434$       The notes to the financial statements are an integral part of this statement 31 City of Brookings Year Ended December 31, 2017 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities Net change in fund balances ‐ total governmental funds $1,699,825 The change in net position reported for governmental activities in the statement of activities is different because: Governmental funds report capital outlays as expenditures.  However, in the statement of activities the cost of those assets is allocated  over their estimated useful lives and reported as depreciation expense.  This is the amount by which  capital outlays ($5,577,579) exceeded  depreciation ($4,219,758) in the current period.1,357,821           The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade‐ins, and donations) is to increase net position. 1,488,902           Governmental funds recognize property taxes, special assessments, and certain other receivables as revenue in the fiscal period for which  they were levied provided they are collected within 45 days, but the statement of activities includes the property taxes and special  assessments as revenue in the period for which taxes are levied, exclusive of the availability criteria. (801,941)             Bond proceeds are reported as financing sources in governmental funds and thus  contributed to the change in fund balance.  In the  statement of net position, however, issuing debt increases long‐term liabilities and does not effect the statement of activities.  Similarly,  repayment of principal is an expenditure in the governmental funds but reduces the liability in the statement of net position:     New Issuances:       Loans (5,900,000)       Capital leases (294,600) (6,194,600)              Repayments:       Bonds 2,295,376                Loans 100,000                   Capital leases 33,630               2,429,006           Under the modified accrual basis of accounting used in governmental funds, expenditures are not recognized for transactions that are not  normally paid with expendable available financial resources.  In the statement of activities, however, which is presented on the accrual  basis, expenses and liabilities are reported regardless of when financial resources are available.  In addition, interest on long‐term debt is  not recognized under the modified accrual basis of accounting  until due, rather than as it accrues.  The adjustment combines the net  changes of these liabilities:       Compensated absences 4,648                       OPEB liability (76,160)                    Amortization of bond insurance costs (8,906)                      Amortization of bond premium and deferred amount on refunding (68,264)                    Accrued interest 19,419                        Combined adjustment (129,263)             Some expenses reported in the statement of activities do not require the use of current financial resources and therefore are not reported  as expenditures in governmental funds.  (e.g. pension expense)1,185,159           Changes in the pension related deferred outflows/inflows are direct components of the net pension liability and are  not reflected in the  governmental funds.4,562                   Internal service funds are used by management to charge costs of certain activities, such as insurance to individual funds.  The net revenue  of certain internal service funds is reported within governmental activities. 293,061              Change in net position of governmental activities 1,332,532$         The notes to the financial statements are an integral part of this statement 32 City of Brookings December 31, 2017 Statement of Net Position ‐ Proprietary Funds Enterprise Funds Other Internal Service Waste‐Health Enterprise Fund /Self Electric Water System Telephone Funds Total Insurance ASSETS Current assets: Cash and cash equivalents 4,542,767$                 2,564,796$                  32,819,561$                10,823,190$          9,977,934$             60,728,248$              3,574,875$              Investments‐CDs 2,606,677                    4,408,080                     ‐                                 8,015,114               7,640,449                22,670,320                 2,500,000                 Investments ‐                                    ‐                                     1,997,490                    ‐                               1,144,500                3,141,990                  ‐                                 Receivables, (net of allowances for    uncollectibles, if any):   Accounts 2,229,481                   516,032                       10,040,305                  2,536,753               967,543                   16,290,114                12,472                        Unbilled accounts 998,705                       287,636                       ‐                                     353,466                  316,390                   1,956,197                  ‐                                   Interest 7,599                           8,171                            4,902                            14,997                    14,512                     50,181                        ‐                                 Due from other funds 153,486                       4,823                            ‐                                     156,038                  53,744                     368,091                      ‐                                 Due from other governments ‐                                    ‐                                     ‐                                     ‐                               53,503                     53,503                        ‐                                 Current portion of advances to other funds 1,412,625                   57,027                          ‐                                     ‐                               ‐                                1,469,652                  ‐                                 Inventories:   Supplies 970,290                       51,820                          1,384,985                    392,148                  274,576                   3,073,819                  ‐                                   Stores ‐                                    ‐                                     ‐                                     1,368,619               590,081                   1,958,700                  ‐                                 Prepaid expenses 71,850                         20,819                          135,403                        755,950                  23,597                     1,007,619                  ‐                                       Total current assets 12,993,480                 7,919,204                    46,382,646                  24,416,275            21,056,829             112,768,434              6,087,347                 Noncurrent assets: Restricted cash and cash equivalents 576,685                       132,445                       688,890                        207                          1,555                       1,399,782                  ‐                                 Restricted investment ‐CDs 3,500,000                   4,000,000                    ‐                                     2,000,000               5,308,961                14,808,961                ‐                                 Advances to other funds 1,264,365                   407,287                       ‐                                     ‐                               1,257,393                2,929,045                  ‐                                 Net pension asset 9,882                           4,121                            80,849                          25,220                    9,692                       129,764                      ‐                                 Other assets ‐                                    10,576                          210,082                        620,857                  907                           842,422                      ‐                                 Capital assets:   Land 74,983                         73,604                          1,659,246                    331,267                  2,672,717                4,811,817                   ‐                                   Buildings and other improvements 51,259,641                 53,555,543                  73,313,945                  80,394,819            50,168,594             308,692,542              ‐                                   Machinery and equipment 2,513,352                   1,166,873                    17,452,774                  4,773,681               7,338,098                33,244,778                ‐                                   Construction in progress 1,959,204                   851                               ‐                                     574,905                  911,615                   3,446,575                  ‐                                   Less accumulated depreciation (20,192,211)                (13,025,634)                (19,099,254)                 (61,547,813)           (20,920,010)            (134,784,922)            ‐                                       Total noncurrent assets 40,965,901                 46,325,666                  74,306,532                  27,173,143            46,749,522             235,520,764              ‐                                          Total assets 53,959,381                  54,244,870                  120,689,178                 51,589,418             67,806,351              348,289,198              6,087,347                 DEFERRED OUTFLOWS OF RESOURCES   Pension related deferred outflows 1,021,785                    444,760                        8,189,160                     2,600,871               991,365                    13,247,941                 ‐                                    Total assets and deferred outflows of resources 54,981,166$               54,689,630$               128,878,338$              54,190,289$          68,797,716$           361,537,139$           6,087,347$              LIABILITIES Current liabilities: Accounts payable 1,884,034$                 49,364$                       10,555,389$                5,930,479$            300,390$                 18,719,656$              210,254$                  Retainage payable ‐                                ‐                                     ‐                                 ‐                            3,265                        3,265                           ‐                             Due to other funds 6,885                           22,903                          37,441                          152,246                  44,132                     263,607                      ‐                                 Due to other governments ‐                                    ‐                                     ‐                                     ‐                               66,500                     66,500                        ‐                                 Accrued interest payable 20,865                         193,943                       338,945                        8,956                       1,236                       563,945                      ‐                                 Accrued wages payable 5,003                           1,068                            1,425,300                    31,502                    44,343                     1,507,216                  ‐                                 Accrued taxes payable 126,740                       196                               546,572                        154,465                  40,721                     868,694                      ‐                                 Other current liabilities ‐                                    ‐                                     9,000                            ‐                               ‐                                9,000                          ‐                                 Customer deposits 70,278                         ‐                                     34,636                          51,425                    11,780                     168,119                      ‐                                 Current portion of advances from other funds ‐                                    ‐                                     ‐                                     1,469,652               ‐                                1,469,652                  ‐                                 Loans payable ‐                                    671,357                       ‐                                     ‐                               ‐                                671,357                      ‐                                 Revenue bonds payable 328,525                       ‐                                     ‐                                     ‐                               ‐                                328,525                      ‐                                 Capital lease obligations 155,625                       23,240                          1,402,708                    207,500                  28,635                     1,817,708                  ‐                                 Compensated absences 48,449                         24,094                          878,112                        173,876                  51,314                     1,175,845                  ‐                                       Total current liabilities 2,646,404                   986,165                       15,228,103                  8,180,101               592,316                   27,633,089                210,254                    Noncurrent liabilities: Advances from other funds ‐                                    ‐                                     ‐                                     1,671,652               145,317                   1,816,969                  ‐                                 Loans payable ‐                                    27,824,448                  ‐                                     ‐                               ‐                                27,824,448                ‐                                 Revenue bonds payable 5,536,946                   ‐                                     ‐                                     ‐                               ‐                                5,536,946                  ‐                                 Capital lease obligations 1,541,250                   230,160                       37,369,390                  2,055,000               283,590                   41,479,390                ‐                                 Compensated absences ‐                                    ‐                                     244,000                        ‐                               124,423                   368,423                      ‐                                 OPEB liability 107,654                       46,925                          600,750                        302,640                  132,147                   1,190,116                  ‐                                 Amount due under joint operating agreements ‐                                    ‐                                     1,555,350                    ‐                               ‐                                1,555,350                  ‐                                 Accrued landfill closure and    postclosure costs ‐                                    ‐                                     ‐                                     ‐                               606,049                   606,049                      ‐                                       Total noncurrent liabilities 7,185,850                   28,101,533                  39,769,490                  4,029,292               1,291,526                80,377,691                ‐                                          Total liabilities 9,832,254                   29,087,698                  54,997,593                  12,209,393            1,883,842                108,010,780              210,254                    Deferred inflows of resources: Pension related deferred inflows 189,981                       79,237                          1,554,403                    484,880                  192,533                   2,501,034                  ‐                                 Proceeds from sale of future revenues ‐                                    ‐                                     ‐                                     599,143                  4,974                       604,117                      ‐                                          Total liabilities and deferred inflows of resources 10,022,235                 29,166,935                  56,551,996                  13,293,416            2,081,349                111,115,931              210,254                    33 City of Brookings December 31, 2017 Statement of Net Position ‐ Proprietary Funds (continued) Enterprise Funds Other Internal Service Waste‐Health Enterprise Fund /Self Electric Water System Telephone Funds Total Insurance NET POSITION Net investment in capital assets 28,052,623                 13,022,032                  33,268,350                  22,264,359            39,855,524             136,462,888              ‐                                 Restricted for: Debt service 576,685                       132,445                       688,890                        207                          ‐                                1,398,227                  ‐                                 SDRS pension purposes 841,686                       369,644                       6,715,606                    2,141,211               808,524                   10,876,671                ‐                                 Landfill closure and postclosure ‐                                    ‐                                     ‐                                     ‐                               679,612                   679,612                      ‐                                 Unrestricted 15,487,937                 11,998,574                  31,653,496                  16,491,096            25,372,707             101,003,810              5,877,093                        Total net position 44,958,931$               25,522,695$               72,326,342$                40,896,873$          66,716,367$           250,421,208              5,877,093$              Some amounts reported for business‐type activities in the statement of net position   are different because certain internal service fund assets and liabilities are included   with business‐type activities.3,845,061                   Net position of business‐type activities 254,266,269$            The notes to the financial statements are an integral part of this statement 34 City of Brookings Year Ended December 31, 2017 Statement of Revenues, Expenses, and Changes in Net Position ‐ Proprietary Funds Enterprise Funds Other Internal Service Waste‐Health Enterprise Fund /Self Electric Water System Telephone Funds Total Insurance OPERATING REVENUES Charges for goods and services 27,751,731$         5,308,015$                64,468,722$          28,094,956$           13,683,626$              139,307,050$           3,667,734$          Miscellaneous 751,012                 229,115                      1,434,313               3,067,957                165,994                      5,648,391                  ‐                                      Total operating revenues 28,502,743           5,537,130                   65,903,035            31,162,913              13,849,620                144,955,441              3,667,734            OPERATING EXPENSES Personal services 1,991,305             1,100,952                   34,077,867            6,397,795                2,772,661                   46,340,580                ‐                             Other current expenses 20,582,961           974,243                      19,722,037            14,851,267              2,828,280                   58,958,788                450,036                Cost of goods sold ‐                              ‐                                   ‐                               4,286,837                3,070,037                   7,356,874                  ‐                             Insurance claims and expenses ‐                              ‐                                   ‐                               ‐                                 ‐                                   ‐                                   2,466,837            Amortization 9,560                     3,718                           ‐                               95,161                      3,718                           112,157                      ‐                             Depreciation 1,666,453             1,596,241                   5,505,647               3,447,148                2,046,738                   14,262,227                ‐                                      Total operating expenses 24,250,279           3,675,154                   59,305,551            29,078,208              10,721,434                127,030,626              2,916,873                       Operating income 4,252,464             1,861,976                   6,597,484               2,084,705                3,128,186                   17,924,815                750,861                NONOPERATING REVENUES  (EXPENSES) Interest income 237,673                 101,488                      136,877                  218,142                   145,645                      839,825                      24,677                  Miscellaneous income (loss)13,733                   177                              (165,385)                 8,942                        94,797                        (47,736)                      ‐                             Contributions and donations ‐                              ‐                                   19,988                    ‐                                 ‐                                   19,988                        ‐                             Loss on disposition of capital assets (26,667)                  ‐                                   (398,895)                 (45,334)                    (5,840)                         (476,736)                    ‐                             Interest expense and fiscal charges (315,984)               (947,965)                     (688,798)                 (323,295)                  (16,017)                       (2,292,059)                 ‐                                      Total nonoperating revenues (expenses)(91,245)                  (846,300)                     (1,096,213)             (141,545)                  218,585                      (1,956,718)                 24,677                             Income before capital contributions             and transfers 4,161,219             1,015,676                   5,501,271               1,943,160                3,346,771                   15,968,097                775,538                Capital contributions 862,229                 500,990                      521,880                  ‐                                 962,347                      2,847,446                  ‐                             Transfers in ‐                              ‐                                   ‐                               ‐                                 386,509                      386,509                      ‐                             Transfers out (2,055,000)            ‐                                   ‐                               (200,000)                  (1,940,746)                 (4,195,746)                 ‐                                        Change in net position 2,968,448             1,516,666                   6,023,151               1,743,160                2,754,881                   15,006,306                775,538                Net position ‐ beginning 41,990,483           24,006,029                66,303,191            39,153,713              63,961,486                5,101,555            Net position ‐ ending 44,958,931$         25,522,695$              72,326,342$          40,896,873$           66,716,367$              5,877,093$          Some amounts reported for business‐type activities in the statement of activities   are different because the net revenue (expense) of certain internal service funds   is reported with the business‐type activities.482,477                       Change in net position of business‐type activities 15,488,783$               The notes to the financial statements are an integral part of this statement 35 City of Brookings Year Ended December 31, 2017 Statement of Cash Flows ‐ Proprietary Funds Enterprise Funds Other Internal Service Waste‐Health Enterprise Fund /Self Electric Water System Telephone Funds Total Insurance CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers 27,729,433$           3,164,724$          65,220,713$         31,477,952$        13,598,753$        141,191,575$            ‐    $                           Internal activity‐payments from other funds 1,809,052                110,038                ‐                              1,610,070             428,837                3,957,997                   3,667,734                 Operating receipts from customers pledged for debt retirement 954,284                   2,011,815             ‐                              ‐                              ‐                              2,966,099                   ‐                                  Other receipts ‐                                 ‐                             2,042,414             ‐                              ‐                              2,042,414                   ‐                                  Payments to suppliers (22,411,153)            (1,061,286)           (30,127,091)          (19,120,659)         (5,666,746)            (78,386,935)               (2,971,804)                Payments to employees (2,345,703)               (1,238,851)           (23,809,308)          (7,284,129)            (3,103,153)            (37,781,144)               ‐                                  Internal activity‐payments to other funds ‐                                 ‐                             ‐                              ‐                              (241,300)               (241,300)                     ‐                                           Net cash provided by operating activities 5,735,913                2,986,440             13,326,728           6,683,234             5,016,391             33,748,706                695,930                    CASH FLOWS FROM NONCAPITAL FINANCING  ACTIVITIES Transfers in ‐                                 ‐                             ‐                              ‐                              386,509                386,509                      ‐                                  Transfers out (2,055,000)               ‐                             ‐                              (200,000)               (1,940,746)            (4,195,746)                 ‐                                  Operating grants ‐                                 ‐                             19,988                   ‐                              ‐                              19,988                        ‐                                  Contributions to foundation ‐                                 ‐                             (165,385)               ‐                              ‐                              (165,385)                     ‐                                  Principal receipts (payments) on interfund advances/loans 1,351,795                54,311                  ‐                              (1,406,106)            ‐                              ‐                                   ‐                                  Interest receipts (payments) on interfund advances/loans 181,295                   25,931                  ‐                              (207,226)               ‐                              ‐                                   ‐                                           Net cash provided by (used in) noncapital              financing activities (521,910)                  80,242                  (145,397)               (1,813,332)            (1,554,237)            (3,954,634)                 ‐                                  CASH FLOWS FROM CAPITAL AND RELATED  FINANCING ACTIVITIES Acquisition and construction of capital assets (2,500,699)               (938,051)               (18,789,642)          (4,217,212)            (2,447,528)            (28,893,132)               ‐                                  Proceeds from long‐term debt ‐                                 ‐                             17,510,821           ‐                              ‐                              17,510,821                ‐                                  Proceeds on restricted cash 3,603                        395                        ‐                              201                        ‐                              4,199                           ‐                                  Proceeds from sale of capital assets 306                           ‐                             ‐                              ‐                              327                        633                              ‐                                  Capital grants ‐                                 ‐                             522,481                 ‐                              1,726,077             2,248,558                   ‐                                  Principal payments on debt (467,990)                  (669,849)               (515,647)               (197,500)               (27,255)                 (1,878,241)                 ‐                                  Interest payments on debt (316,982)                  (951,400)               (860,375)               (116,850)               (16,125)                 (2,261,732)                 ‐                                  Payments on interfund advances/loans ‐                                 ‐                             ‐                              ‐                              (12,074)                 (12,074)                       ‐                                  Interest payments on interfund advances/loans ‐                                 ‐                             ‐                              ‐                              19,784                   19,784                        ‐                                           Net cash used in capital              and related financing activities (3,281,762)               (2,558,905)           (2,132,362)            (4,531,361)            (756,794)               (13,261,184)               ‐                                  CASH FLOWS FROM INVESTING ACTIVITIES Sale of investments and certificates of deposit 3,600,000                4,800,000             ‐                              9,600,000             8,125,895             26,125,895                ‐                                  Purchase of investments and certificates of deposit (5,106,677)               (5,408,080)           ‐                              (9,015,113)            (9,438,832)            (28,968,702)               (2,500,000)                Investment income 46,680                      69,703                  133,797                 220,905                117,200                588,285                      12,205                                Net cash provided by (used in)             investing activities (1,459,997)               (538,377)               133,797                 805,792                (1,195,737)            (2,254,522)                 (2,487,795)                         Net increase (decrease) in cash              and cash equivalents 472,244                   (30,600)                 11,182,766           1,144,333             1,509,623             14,278,366                (1,791,865)                Balances ‐ beginning of the year 4,647,208                2,727,841             22,325,685           9,679,064             8,469,866             47,849,664                5,366,740                 Balances ‐ end of the year 5,119,452                 2,697,241             33,508,451            10,823,397           9,979,489              62,128,030                 3,574,875                    Less restricted cash and cash equivalents (576,685)                  (132,445)               (688,890)               (207)                       (1,555)                    (1,399,782)                 ‐                                  Cash and cash equivalents (current) per statement of net position 4,542,767$              2,564,796$          32,819,561$         10,823,190$        9,977,934$           60,728,248$              3,574,875$               The notes to the financial statements are an integral part of this statement 36 City of Brookings Year Ended December 31, 2017 Statement of Cash Flows ‐ Proprietary Funds (continued) Enterprise Funds Other Internal Service Waste‐Health Enterprise Fund /Self Electric Water System Telephone Funds Total Insurance Reconciliation of operating income to net   cash provided by operating activities:     Operating income 4,252,464$              1,861,976$          6,597,484$           2,084,705$           3,128,186$           17,924,815$              750,861$                      Miscellaneous income 13,733                      177                         ‐                          111,410                94,797                   220,117                       ‐                                  Adjustments to reconcile operating income to       net cash provided by operating activities:       Depreciation 1,666,453                1,596,241             5,505,647             3,447,148             2,046,738             14,262,227                ‐                                        Amortization 9,560                        3,718                     ‐                              95,161                   3,718                     112,157                      ‐                                        Landfill closure and postclosure cost ‐                                 ‐                         ‐                              ‐                              46,826                   46,826                        ‐                                       Provision for uncollectible accounts ‐                                 ‐                              67,474                   67,474                               (Increase) decrease in:         Receivables 111,724                   (30,974)                 262,137                 (131,026)               6,481                     218,342                      ‐                                          Inventories 92,736                      (15,030)                 (210,625)               (238,220)               (10,250)                 (381,389)                     ‐                                          Prepaid expenses (4,197)                       (1,897)                   127,799                 72,671                   (2,151)192,225                      ‐                                          Other assets ‐                                 ‐                             8,197                     ‐                              ‐                              8,197                           ‐                                          Deferred outflows related to pensions (137,842)                  (56,094)                 (1,324,292)            (352,129)               (142,632)               (2,012,989)                 ‐                                           Net pension asset (9,882)                       (4,121)                   (80,849)                  (25,220)                 (9,692)                    (129,764)                     ‐                                        Increase (decrease) in:         Deferred inflows related to pensions 189,981                   (169,190)               1,554,403             484,880                190,475                2,250,549                   ‐                                          Deferred inflows related to other ‐                                 ‐                             ‐                              888                        198                        1,086                                    Accounts and other payables (53,723)                    (289,870)               3,604,087             2,123,064             (35,136)                 5,348,422                   (54,931)                             Accrued wages payable 762                           635                        173,796                 (31,997)                 4,847                     148,043                      ‐                                          Accrued leave liabilities (14,639)                    9,372                    109,831                 13,039                   10,308                   127,911                      ‐                                          Accrued OPEB payable 5,419                        2,260                    62,575                   13,830                   (4,896)                    79,188                        ‐                                          Net pension liability (386,636)                  79,237                  (3,063,462)            (984,970)               (378,900)               (4,734,731)                 ‐                                           Net cash provided by operating              activities 5,735,913$              2,986,440$          13,326,728$         6,683,234$           5,016,391$           33,748,706$              695,930$                  NONCASH INVESTING, CAPITAL AND   FINANCING ACTIVITIES    Capital asset additions from contributed capital 862,229$                  500,990$              521,880$               ‐$                        962,347$               2,847,446$                 ‐$                               Accounts payable for capital assets 11,701                      30,875                  1,286,263             3,803                     98,917                   1,431,559                   ‐                                 Initiation of capital lease ‐                             ‐                         17,510,821            ‐                          ‐                          17,510,821                  The notes to the financial statements are an integral part of this statement 37 City of Brookings December 31, 2017 Statement of Net Position ‐ Fiduciary Funds Agency  Funds ASSETS Cash and cash equivalents 25,753$             Accounts receivable 2,085                            Total assets 27,838               LIABILITIES Amount held for others 27,838                         Total liabilities 27,838               NET POSITION ‐$                    The notes to the financial statements are an integral part of this statement 38 City of Brookings December 31, 2017 Notes to the Financial Statements 1. Summary of Significant Accounting Policies     a. Financial Reporting Entity:      The reporting entity of the City of Brookings, consists of the primary government (which includes all of the funds,  organizations, institutions, agencies, departments, and offices that make up the legal entity, plus those funds for  which the primary government has a fiduciary responsibility, even though those fiduciary funds may represent  organizations that do not meet the criteria for inclusion in the financial reporting entity); those organizations for  which the primary government is financially accountable; and other organizations for which the nature and  significance of their relationship with the primary government are such that their exclusion would cause the  financial reporting entity’s financial statements to be misleading or incomplete.     Component units are legally separate organizations for which the elected officials of the primary government are  financially accountable.  The City is financially accountable if its Governing Board/City Council appoints a voting  majority of another organization’s governing body and it has the ability to impose its will on that organization, or  there is a potential for that organization to provide specific financial benefits to, or impose specific financial  burdens on, the City (primary government).  The City may also be financially accountable for another  organization if that organization is fiscally dependent on the City.      The Brookings Health System Foundation is reported as a discretely‐presented component unit.  Although the  City does not control the timing or amount of receipts from the Foundation, the majority of the resources, or  income thereon, are restricted to the activities of the City by the donors.  Because these restricted resources  held by the Foundation are primarily to be used by, or for the benefit of the City, the Foundation is considered a  component unit.    During the year ended December 31, 2017, the Foundation distributed approximately $559,000 to the City to  fund the operations of the Health System and its capital projects.    The Foundation is a private not‐for‐profit organization that reports under the Financial Accounting Standards  Board (FASB) Accounting Standards Codification (ASC), including ASC Topic 958, Not‐for‐Profit Entities.  As such,  certain revenue recognition criteria and presentation features are different from GASB revenue recognition  criteria and presentation features.  No modifications have been made to the Foundation's statements in the  City's financial reporting entity for these differences.  The Foundation has a December 31st year end.  Separately  issued financial statements of the Foundation may be obtained from Brookings Health System Foundation, 300  22nd Avenue, Brookings, SD 57006.     b. Basis of Presentation:     Government‐wide Financial Statements:     The Statement of Net Position and Statement of Activities display information about the reporting entity as a  whole.  They include all funds of the reporting entity except for fiduciary funds.  The statements distinguish  between governmental and business‐type activities.  Governmental activities generally are financed through  taxes, intergovernmental revenues, and other non‐exchange revenues.  Business‐type activities are financed in  whole or in part by fees charged to external parties for goods or services.      The statement of activities presents a comparison between direct expenses and program revenues for each  segment of the business‐type activities of the City and for each function of the City's governmental activities.   Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly  identifiable to a particular function.  Program revenues include (a) charges paid by recipients of goods and  services offered by the programs and (b) grants and contributions that are restricted to meeting the operational  or capital requirements of a particular program.  Revenues that are not classified as program revenues, including  all taxes, are presented as general revenues.     39 City of Brookings December 31, 2017 Notes to the Financial Statements  Fund Financial Statements:     Fund financial statements of the reporting entity are organized into funds, each of which is considered to be a  separate accounting entity.  Each fund is accounted for by providing a separate set of self‐balancing accounts  that constitute its assets and deferred outflows, liabilities and deferred inflows, fund equity, revenues, and  expenditures/expenses.  Funds are organized into three major categories:  governmental, proprietary, and  fiduciary.  An emphasis is placed on major funds within the governmental and proprietary categories.  A fund is  considered major if it is the primary operating fund of the City or it meets the following criteria:    1. Total assets and deferred outflows, liabilities and deferred inflows, revenues, or expenditures/expenses of  the individual governmental or enterprise funds are at least 10 percent of the corresponding total for all  funds of that category or type, and    2. Total assets and deferred outflows, liabilities and deferred inflows, revenues, or expenditures/expenses of  the individual governmental or enterprise fund are at least 5 percent of the corresponding total for all  governmental and enterprise funds combined, or    3. Management has elected to classify one or more governmental or enterprise funds as major for consistency  in reporting from year to year, or because of public interest in the fund’s operations.    The funds of the City financial reporting entity are described below:     Governmental Funds:  The City reports the following major governmental funds:    General Fund – the General Fund is the general operating fund of the City.  It is used to account for all financial  resources except those required to be accounted for in another fund. The General Fund is always considered to  be a major fund.    75% Sales and Use Tax Fund – The 75% Sales & Use Tax Fund is used to account for 75% of the 2nd penny sales  tax.  Proceeds from this tax are committed by the City Council to be used for capital improvements which involve  the construction and financing of public improvements.     Additionally, the City reports the following nonmajor governmental funds:    Special Revenue Funds – special revenue funds are used to account for the proceeds of specific revenue sources  (other than trusts for individuals, private organizations, or other governments or for major capital projects) that  are legally restricted or committed to expenditures for specified purposes.    The special revenue funds are as follows:  25% Sales and Use Tax, Enhanced 911, Swiftel Center, Library  Fines, Special Assessment, Storm Drainage, Bed and Booze Tax, and Business Improvement District (BID)  Fee.      Debt Service Funds – debt service funds are used to account for financial resources accumulated and payments  made for principal and interest on long‐term debt of the governmental funds.       TIF ‐1 Innovation Campus Fund – to account for the financial resources accumulated for repayment of the  State Revolving Fund Loan.       TIF‐3 Valley View Fund – to account for the financial resources accumulated for repayment of a South  Dakota Housing Authority Bond (Guaranteed by Developer).       TIF‐4 Sieler Fund – to account for the financial resources accumulated for repayment of a Tax Increment  Note (Guaranteed by Developer).    40 City of Brookings December 31, 2017 Notes to the Financial Statements   TIF‐5 32nd Ave Fund ‐ to account for the financial resources accumulated for repayment of a Tax Revenue  Bond.    TIF‐6 Digester Fund – to account for the financial resources accumulated for repayment of City funds  expended on this project.    TIF‐7 S. Main Ave Fund – to account for the financial resources accumulated for repayment of City funds  expended on this project.    Capital Projects Funds – capital projects funds are used to account for financial resources to be used for the  acquisition or construction of major capital facilities and other capital assets (other than those financed by  proprietary funds or trust funds for individuals, private organizations, or other governments).      Fire Substation Fund – to account for financial resources used for the design and construction of a new fire  substation to be located on Main Avenue South.    Dakota Nature Park Fund – to account for financial resources used for the development and construction of  the new nature park located on the grounds of the old landfill.      Gateway Project Fund – to account for financial resources used for the construction of new signs and  improvements to the entry ways of the City.     TIF‐6 Digester Fund – to account for financial resources used for the design and construction of a  wastewater digester for the Bel Brands cheese plant.    TIF‐7 South Main Fund ‐ to account for the financial resources used for the design and construction of new  streets and infrastructure surrounding the new grade school.    Street Maintenance Shop ‐ to account for the financial resources used for the design and construction of a  new street maintenance shop.    Proprietary Funds:  Enterprise Funds – enterprise funds are used to account for operations (a) that are financed and operated in a  manner similar to private business enterprises, where the intent of the governing body is that the costs  (expenses, including depreciation) of providing goods or services to the general public on a continuing basis be  financed or recovered primarily through user charges; or (b) where the governing body has decided that periodic  determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance,  public policy, management control, accountability, or other purposes.       The City reports the following major enterprise funds:    Electric Fund – financed primarily by user charges, this fund accounts for the construction and operation of  the municipal electrical system and related facilities.      Wastewater Fund – financed primarily by user charges, this fund accounts for the construction and  operation of the municipal sanitary sewer system and related facilities.      Health System Fund – financed primarily by user charges, this fund accounts for the construction and  operation of the municipal hospital and nursing home and related facilities.      Telephone Fund – financed primarily by user charges, this fund accounts for the construction and operation  of the municipal telephone system and related services.     41 City of Brookings December 31, 2017 Notes to the Financial Statements Additionally, the City reports the following nonmajor enterprise funds:    Liquor Fund – financed primarily by user charges, this fund accounts for the operation of the municipal off‐ sale establishment.      Water Fund – financed primarily by user charges, this fund accounts for the construction and operation of  the municipal waterworks system and related facilities.      Airport Fund – financed primarily by user charges, this fund accounts for the construction and operations of  the municipal airport and related facilities.      Golf Fund ‐ financed primarily by user charges, this fund accounts for the construction and operations of the  municipal golf course and related facilities.      Solid Waste Fund – financed primarily by user charges, this fund accounts for the construction and  operation of the municipal solid waste system and related facilities.      Research and Technology Center Fund – financed primarily by user charges, this fund accounts for the  rental of a building that houses new start‐up entities and was originally part of the Brookings Event Center,  Inc.    Internal Service Funds – internal service funds are used to account for the financing of goods or services  provided by one department or agency to other departments or agencies of the primary government.  The City  maintains one internal service fund, the self‐insurance fund, which administers insurance claims for other funds  on a cost‐reimbursement basis.  Internal Service funds are never considered to be major funds.    Fiduciary Funds:      Fiduciary funds are never considered to be major funds:    Agency Funds ‐ agency funds are custodial in nature (assets equal liabilities) and do not involve measurement of  results of operations.  Agency funds are used to account for the accumulation and distribution of employee  Section 125 cafeteria plan transactions and various pass‐through funds.    c. Measurement Focus and Basis of Accounting:      Measurement focus is a term used to describe “how” transactions are recorded within the various financial  statements.  Basis of accounting refers to “when” revenues and expenditures or expenses are recognized in the  accounts and reported in the financial statements, regardless of the measurement focus.    Measurement Focus:    Government‐wide Financial Statements:    In the government‐wide Statement of Net Position and Statement of Activities, both governmental and business‐ type activities are presented using the “economic resources” measurement focus, applied on the accrual basis of  accounting.    Fund Financial Statements:    In the fund financial statements, the “current financial resources” measurement focus and the modified accrual  basis of accounting are applied to governmental fund types, while the “economic resources” measurement focus  and the accrual basis of accounting are applied to the proprietary and fiduciary type funds.      42 City of Brookings December 31, 2017 Notes to the Financial Statements Basis of Accounting:    Government‐wide Financial Statements:    In the government‐wide Statement of Net Position and Statement of Activities, governmental and business‐type  activities are presented using the accrual basis of accounting.  Under the accrual basis of accounting, revenues  and related assets are recorded when earned (usually when the right to receive cash vests); and, expenses and  related liabilities are recorded when an obligation is incurred (usually when the obligation to pay cash in the  future vests).    Fund Financial Statements:    All governmental fund types are accounted for using the modified accrual basis of accounting. Their revenues,  including property taxes, are recognized when they become measurable and available.  “Available” means  resources are collected or are to be collected soon enough after the end of the fiscal year that they can be used  to pay the bills of the current period.  The accrual period does not exceed one bill‐paying cycle, and for the City  of Brookings, South Dakota, the length of that cycle is 45 days.  The revenues which are accrued at December 31,  2017 are property taxes, storm drainage fees, and sales taxes.    Under the modified accrual basis of accounting, receivables may be measurable but not available.  “Available”  means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current  period.  Deferred inflows of resources, reported as unavailable revenues, are those where asset recognition  criteria have been met but for which revenue recognition criteria have not been met.     Expenditures are generally recognized when the related fund liability is incurred.  Exceptions to this general rule  include principal and interest on general long‐term debt which are recognized when due.    All proprietary and fiduciary fund types are accounted for using the accrual basis of accounting.  Their revenues  are recognized when they are earned, and their expenses are recognized when they are incurred.    d. Interfund Eliminations and Reclassifications:      Government‐wide Financial Statements:     In the process of aggregating data for the government‐wide financial statements, some amounts reported as  interfund activity and balances in the fund financial statements have been eliminated or reclassified, as follows:    1. In order to minimize the grossing‐up effect on assets and liabilities within the governmental and  business‐type activities columns of the primary government, amounts reported as interfund receivables  and payables have been eliminated in the governmental and business‐type activities columns, except for  the net, residual amounts due between governmental and business‐type activities, which are presented  as Internal Balances.    2. In order to minimize the doubling‐up effect on internal service fund activity, certain “centralized  expenses” including an administrative overhead component, are charged as direct expenses to funds or  programs in order to show all expenses that are associated with a service, program, department, or fund.  When expenses are charged, in this manner, expense reductions occur in the Internal Service Funds, so  that expenses are reported only in the function to which they relate.      Fund Financial Statements:    Noncurrent portions of long‐term interfund receivables (reported in “Advance to” asset accounts) are equally  offset by a nonspendable fund balance account which indicates that they do not constitute “available spendable  resources” since they are not a component of net current position.  Current portions of interfund receivables  43 City of Brookings December 31, 2017 Notes to the Financial Statements (reported in “Due from” asset accounts) are considered “available spendable resources.”    e. Property Taxes:    Property tax levies are established on or before October 1 of each year.  Taxes are recorded as receivable, levied,  and attached as an enforceable lien on property as of January 1 of each year.  Taxes are payable in two  installments on or before April 30 and October 31 of that year.    The City is permitted by several state statutes to levy varying amounts of taxes per $1,000 of taxable valuation  on taxable real property in the City.     f. Inventories and Prepaid Items:    Inventory in the General Fund and Swiftel Center Fund consists of expendable supplies held for consumption.   Supply inventories are recorded at cost using the first‐in, first‐out (FIFO) method.  Inventory within the  proprietary funds is generally valued at average cost.  Inventories are recorded as an asset at the time of  purchase, and charged to expenditures or expenses when consumed.    Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid  items in both the government‐wide and fund financial statements.  The prepayments are charged to  expenditures over the period of their economic benefit.    Amounts of governmental fund inventories and vendor prepaid items are offset by a nonspendable fund balance  account to indicate that they do not represent “available spendable resources.”    g. Capital Assets:      Capital assets include land, buildings, machinery and equipment, and all other tangible or intangible assets that  are used in operations and that have initial useful lives extending beyond a single reporting period.   Infrastructure assets are long‐lived capital assets that normally are stationary in nature and normally can be  preserved for a significantly greater number of years than most capital assets.    The accounting treatment over capital assets depends on whether the assets are used in governmental fund  operations or proprietary fund operations and whether they are reported in the government‐wide or fund  financial statements.    Government‐Wide Statements    Capital assets are recorded at historical cost, or estimated cost, where actual cost could not be determined.   Donated capital assets are valued at their acquisition value at the date donated.  Reported cost values include  ancillary charges necessary to place the asset into its intended location and condition for use.  Subsequent to  initial capitalization, improvements or betterments that are significant and which extend the useful life of the  capital asset are also capitalized.    Infrastructure assets used in general government operations, consisting of certain improvements other than  buildings, including roads, bridges, sidewalks, drainage systems, and lighting systems, acquired prior to January  1, 1980, were not required to be capitalized by the City.   Infrastructure assets acquired since January 1, 1980 are  recorded at cost.                 For governmental activities capital assets, construction‐period interest is not capitalized, in accordance with U.S.  generally accepted accounting principles; while for capital assets used in business‐type activities/proprietary  fund operations, construction period interest is included as part of the capitalization value of the assets  constructed in accordance with U.S. generally accepted accounting principles.    44 City of Brookings December 31, 2017 Notes to the Financial Statements Depreciation of all exhaustible capital assets is recorded as an allocated expense in the government‐wide  Statement of Activities, except for that portion related to common use assets for which allocation would be  unduly complex, and which is reported as unallocated depreciation with net capital assets reflected in the  Statement of Net Position.  Accumulated depreciation is reported on the government‐wide Statement of Net  Position and on each proprietary fund’s Statement of Net Position.     Capitalization thresholds, depreciation methods, and estimated useful lives of capital assets reported in the  government‐wide statements and proprietary funds are as follows:                            Land is an inexhaustible capital asset and is not depreciated.    Fund Financial Statements    In the fund financial statements, capital assets used in governmental fund operations are accounted for as  capital outlay expenditures of the appropriate governmental fund upon acquisition.  Capital assets used in  proprietary fund operations are accounted for on the accrual basis, the same as in the government‐wide  statements.    h. Long‐Term Liabilities:    The accounting treatment of long‐term liabilities depends on whether the related assets are used in  governmental fund operations or proprietary fund operations and whether they are reported in the government‐ wide or fund financial statements.    All long‐term liabilities to be repaid from governmental and business‐type resources are reported as liabilities in  the government‐wide statements.  The long‐term liabilities primarily consist of revenue bonds, financing (capital  acquisition) leases, compensated absences and OPEB payable.    In the governmental fund financial statements, debt proceeds are reported as revenues (other financing  sources), while payments of principal and interest are reported as expenditures when they become due.  The  accounting for proprietary fund long‐term debt is on the accrual basis, the same in the fund statements as in the  government‐wide statements.    i. Pensions    For purposes of measuring the net pension (asset) liability, deferred outflows of resources and deferred inflows  of resources related to pensions, and pension expense, information about the fiduciary net position of the South  Dakota Retirement System (SDRS) and additions to/deductions from SDRS’s fiduciary net position have been  determined on the same basis as they are reported by SDRS.  City contributions and the net pension liability are  recognized on an accrual basis of accounting.  Capitalization Depreciation Estimated Threshold Method Useful  Life Land  and land rights       All N/A N/A Improvements  other than    buildings $5,000 Straight‐line 10‐25 yrs. Buildings 5,000 Straight‐line 40‐99 yrs. Machinery and equipment 5,000 Straight‐line   3‐25 yrs. Infrastructure 5,000 Straight‐line 25‐50 yrs. Utility property and     improvements 5,000 Straight‐line 10‐50 yrs. 45 City of Brookings December 31, 2017 Notes to the Financial Statements j. Deferred Inflows and Deferred Outflows of Resources:    In addition to assets, the statement of net position reports a separate section for deferred outflows of resources.   Deferred outflows of resources represent consumption of net position that applies to a future period or periods.   These items will not be recognized as an outflow of resources until the applicable future period.  The City's  deferred outflows include the following: loss on debt refunding, represents the difference in the carrying value  of refunded debt and its reacquisition price, which will be amortized into interest expense over the shorter of  the life of the refunded or refunding debt; unrecognized items not yet charged to pension expense and  contributions from the employer after the measurement date but before the end of the employer's reporting  period.    In addition to liabilities, the statement of net position and governmental funds balance sheet report a separate  section for deferred inflows of resources. Deferred inflows of resources represent acquisitions of net position  that applies to a future period or periods.  These items will not be recognized as an inflow of resources until the  applicable future period.  The City's deferred inflows include the following: unavailable revenues, represents  certain receivables recorded by the City which are deferred as they are not received within the City's measurable  period of 45 days, and are not considered measurable and available under the modified accrual basis of  accounting; unrecognized items having not yet reduced pension expense; proceeds from the sale of future  revenues.    k. Program Revenues:      Program revenues derive directly from the program itself or from parties other than the City’s taxpayers or  citizenry, as a whole.  Program revenues are classified into three categories, as follows:    1. Charges for services – these arise from charges to customers, applicants, or others who purchase, use, or  directly benefit from the goods, services, or privileges provided, or are otherwise directly affected by the  services.    2. Program‐specific operating grants and contributions – these arise from mandatory and voluntary non‐ exchange transactions with other governments, organizations, or individuals that are restricted for use in  a particular program.    3. Program‐specific capital grants and contributions – these arise from mandatory and voluntary non‐ exchange transactions with other governments, organizations, or individuals that are restricted for the  acquisition of capital assets for use in a particular program.    l. Proprietary Funds Revenue and Expense Classifications:      Proprietary funds distinguish operating revenues and expenses from nonoperating items.  Operating revenues  and expenses generally result from providing services and producing and delivering goods in connection with a  proprietary fund’s principal ongoing operations.  The principal operating revenues of the enterprise funds and of  the government’s internal service funds are charges to customers for goods and services.  Operating expenses  include the cost of sales and service, administrative expenses, and depreciation on capital assets.  All revenues  and expenses not meeting this definition are reported as nonoperating revenues and expenses.      m. Net Position and Fund Balance:        Government‐wide Statements:      Net position is displayed in three components:    1. Net investment in capital assets – consists of capital assets, including restricted capital assets, net of  accumulated depreciation (if applicable) and reduced by the outstanding balances of any bonds, mortgages,  46 City of Brookings December 31, 2017 Notes to the Financial Statements notes, or other borrowings that are attributable to the acquisition, construction, or improvement of those  assets.  Deferred outflows of resources or deferred inflows of resources that are attributable to the  acquisition, construction, or improvements of those assets or related debt also should be included in this  component of net position.  If there are unspent related debt proceeds at year‐end, the portion of the debt  attributable to the unspent proceeds is not included in the calculation of net investment in capital assets.    2. Restricted  – consists of restricted assets and deferred outflows of resources, reduced by liabilities and  deferred inflows of resources related to those assets, with constraints placed on their use either by (a)  external groups such as creditors, grantors, contributors, or laws and regulations of other governments; or  (b) law through constitutional provisions or enabling legislation.    3. Unrestricted – consists of the assets, deferred outflows of resources, liabilities, and deferred inflows of  resources that are not included in the net investment in capital assets or the restricted component of net  position.      Fund Financial Statements:      Governmental fund balance may distinguish between “Nonspendable”, “Restricted”, “Committed”, “Assigned”,  and “Unassigned” components.  Proprietary fund balance is classified the same as in the government‐wide  financial statements.         Fund balance classification policies and procedures:    In accordance with Government Accounting Standards Board (GASB) No. 54, Fund Balance Reporting and  Governmental Fund‐Type Definitions, the City classifies governmental fund balances as follows:    Nonspendable – includes fund balance amounts that cannot be spent either because it is not in spendable  form or because of legal or contractual constraints.  Restricted – includes fund balance amounts that are constrained for specific purposes which are externally  imposed by providers, such as creditors or amounts constrained due to constitutional provisions or  enabling legislation.  Committed – includes fund balance amounts that are constrained for specific purposes that are internally  imposed by the government through formal action of the highest level of decision making authority and  does not lapse at year‐end.  Assigned – includes fund balance amounts that are intended to be used for specific purposes that are neither  considered restricted or committed.  City Council’s Governance and Ends policy gives the City Manager  authority to assign fund balance.  Unassigned – includes positive fund balance within the General fund which has not been classified within the  above mentioned categories and negative fund balance in other governmental funds.      The City Council committed the following fund balances through the Governance and Ends policy:      o Stabilization arrangement where a minimum of $1,000,000 shall be committed and  maintained for use in meeting unanticipated needs and or emergencies, such as an urgent  event that affects the health, safety, or general welfare of the City, its residents, as well as  public and private property.  The urgent event could be an extreme blizzard, tornado, fire,  flood, terrorist attack, bombing, explosions, train derailments, extreme straight‐line  winds/severe thunderstorm, hazardous materials incident, water contamination, failure of  electrical grid, mass casualty/fatality or health epidemic.  Once the City Manager or his/her  designee has determined that it is necessary to draw down the fund balance, written  communication shall be provided by the City Manager to the City Council, explaining the  nature of the unanticipated need and/or emergency which shall require approval of the  Council.  47 City of Brookings December 31, 2017 Notes to the Financial Statements o 5 percent of the of the annual revenue of the 75% ‐ 2nd Penny Sales and Use Tax should be  committed for future economic development opportunities until a one million dollar  balance is achieved.  o One‐time sales of land will be added to the committed fund balance for future land  purchases for industrial and economic development.    The City Council committed the following fund balances through City ordinances:    o Ordinance No. 03‐10 commits use of 25% Sales tax for lease purchase agreements of  realty, land acquisition, the programmed chip sealing street maintenance, specialized  equipment, the transfer to the E‐911 fund, purchasing firefighting vehicles, public safety  equipment, and debt retirement related thereto.  o Ordinance No. 03‐10 commits use of 75% Sales tax for construction and financing of public  improvements.  o Ordinance No. 21‐10 commits funds to finance public storm drainage infrastructure  improvements.  o Ordinance No 23‐11 commits funds for retail economic development investment.  o Ordinance No 02‐12 commits BID Fee funds to promotion and marketing of the City.    n. Application of Net Position and Fund Balances:      It is the City’s policy to first use restricted resources, prior to the use of unrestricted resources, when an  expense is incurred for purposes for which both restricted and unrestricted net positions are available.  When  expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance  classification can be used, committed amounts should be reduced first, followed by assigned and the  unassigned amounts.    o. Cash and Cash Equivalents and Investments:      Cash and cash equivalents include cash on hand, demand deposits and short‐term investments with original  maturities of three months or less from the date of acquisition.  The City pools the cash resources of its funds for  cash management purposes.  The proprietary funds essentially have access to the entire amount of their cash  resources on demand.  Accordingly, each proprietary fund’s equity in the cash management pool is considered to  be cash and cash equivalents for the purpose of the Statement of Cash Flows.  Interest is allocated to the funds  on the basis of average cash balances.    The City’s investments in money market funds are carried at cost, which approximates fair value.  Investments in  certificates of deposit are carried at cost.  All other investments are carried at fair value, which is determined  based on quoted market prices.  Investment income consists of interest received and the net change in fair value  of investments.    p. Estimates:    The preparation of financial statements in conformity with accounting principles generally accepted in the  United States of America requires management to make estimates and assumptions that affect the reported  amounts of assets, deferred outflows of resources and liabilities and deferred inflows of resources and  disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts  of revenues and expenses/expenditures during the reporting period.  Actual results could differ materially from  those estimates.     48 City of Brookings December 31, 2017 Notes to the Financial Statements q. Health System Net Patient and Resident Service Revenue and Receivables:    The Health System has agreements with third‐party payors that provide for payments to the Health System at  amounts different from its established rates.  Payment arrangements include prospectively determined rates,  reimbursed costs, discounted charges, and per diem payments.  Net patient and resident service revenue is  reported at the estimated net realizable amounts from patients, residents, third‐party payors, and others for  services rendered, including estimated retroactive adjustments under reimbursement agreements with third‐ party payors.  Retroactive adjustments are accrued on an estimated basis in the period the related services are  rendered and adjusted in future periods as final settlements are determined.      The carrying amount of patient and resident receivables is reduced by a valuation allowance that reflects  management’s best estimate of amounts that will not be collected from patients and residents and third‐party  payors.  Management reviews patient and resident receivables by payor class and applies percentages to  determine estimated amounts that will not be collected from third parties under contractual agreements and  amounts that will not be collected from patients and residents due to bad debts.  Management considers  historical write off and recovery information in determining the estimated bad debt provisions.  Management  also reviews accounts to determine if classification as charity care is appropriate.    As discussed previously, the Health System has agreements with third‐party payors that provide for payments to  the Health System at amounts different from its established rates.  A summary of the payment arrangements  with major third‐party payors follows:    Hospital Medicare During 2009, the Health System began participation in the Centers for Medicare and  Medicaid Services (CMS) Rural Community Hospital Demonstration Program (RCHD) as mandated under  Section 410A of the Medicare Modernization Act.  For inpatient services provided to patients after January 1,  2009, the Health System is reimbursed on a cost‐based methodology subject to retrospective settlement  within prescribed limits compared to their initial year base costs under the program.  The RCHD program  concluded on September 30, 2015, but was extended for five additional years through federal legislation  included in Section 15003 of the Cures Act, enacted on December 13, 2016.      When the Cures Act was enacted, the legislation did not make clear whether the reimbursement program  would be retroactively applied or applied prospectively from the date of the enactment of the Cures Act.   During the year ended December 31, 2017, it was determined that the RCHD reimbursement would be  retroactively reinstated back to October 1, 2015.  In connection with this retroactive reinstatement, the  Health System recorded additional net patient service revenue of approximately $1,406,000 during the year  ended December 31, 2017, related to the RCHA reimbursement for services provided from October 1, 2015  through December 31, 2016.    The Health System is reimbursed for cost reimbursable items at a tentative rate with final settlement  determined after submission of annual cost reports by the Health System and audits thereof by the Medicare  Administrative Contractor.  The Health System's Medicare cost reports have been audited by the Medicare  Administrative Contractor through the year ended December 31, 2014.    Hospital Medicaid Inpatient acute care services rendered to Hospital Medicaid program beneficiaries are paid  at prospectively determined rates per discharge.  These rates vary according to a patient classification system  that is based on clinical, diagnostic, and other factors.  Outpatient services rendered to Medicaid program  beneficiaries are reimbursed under a reimbursement methodology based on historical cost.  Retroactive  settlements are not carried out by the Medicaid program.    Hospital Blue Cross Services rendered to Hospital Blue Cross subscribers are reimbursed under a  prospectively determined methodology.    Nursing Home The Health System is reimbursed for resident services at established billing rates which are  determined on historical costs adjusted annually for inflation and subject to certain limitations as prescribed  49 City of Brookings December 31, 2017 Notes to the Financial Statements by South Dakota Department of Social Services regulations.  These rates are subject to retroactive  adjustments by field audit.  The Health System also participates in the Medicare program for which payments  for resident services are made on a prospectively determined per diem rate which varies based on a case‐mix  resident classification system.    The Health System has also entered into payments with certain commercial insurance carriers and other  organizations.  The basis for payment to the Health System under these agreements includes prospectively  determined rates per discharge and discounts from established charges.    Concentration of gross revenues by major payor accounted for the following percentages of the Health System's  patient and resident service revenues for the year ended 2016:                Laws and regulations governing the Medicare, Medicaid, and other programs are extremely complex and subject  to interpretation.  As a result, there is at least a reasonable possibility that recorded estimates will change by a  material amount in the near term.  The net patient service revenue for the year ended December 31, 2017  increased by approximately $238,000 due to removal of allowances previously estimated that are no longer  necessary as a result of final settlements and years that are no longer likely subject to audits, review, and  investigations.    Charity Care    The Health System provides care to patients and residents who meet certain criteria under its charity care policy  without charge or at amounts less than its established rates.  Because the Health System does not pursue  collection of amounts determined to qualify as charity care, they are not reported as patient and resident service  revenue.    r. Implementation of New Accounting Principles     In 2017 the City implemented the provisions of the following accounting principles:     GASB Statement No. 80, Blending Requirements for Certain Component Units.  This Statement amends the  blending requirements established in paragraph 53 of Statement No. 14.  The additional criterion requires  blending of a component unit incorporated as a not‐for‐profit corporation in which the primary government is  the sole corporate member.      GASB Statement No. 81, Irrevocable Split‐Interest Agreements.  This Statement requires that a government that  receives resources pursuant to an irrevocable split‐interest agreement recognize assets, liabilities, and deferred  inflows of resources at the inception of the agreement.  This Statement requires that a government recognize  assets representing its beneficial interests in irrevocable split‐interest agreement that are administered by a  third party, if the government controls the present service capacity of the beneficial interest.  It also requires  that a government recognize revenue when the resources become applicable to the reporting period.    The implementation of these GASB Statements did not have a significant impact on the City’s financial  statements.    2.        DEFICIT FUND BALANCE    The following funds had a fund balance deficit as of December 31, 2017:  Medicare 42% Medicaid 7% Blue  Cross 24% Other 27%       Total  100% 50 City of Brookings December 31, 2017 Notes to the Financial Statements   Swiftel Center Fund (Special Revenue Fund) had a negative balance of $1,290,666 in large part due to a significant  purchase of a capital asset during 2016 that was financed by an interfund loan.  In addition, part of the negative  balance is due to a significant purchase of a capital asset in a prior year, and payment of prior years taxes owed  following a tax audit.  Because of this, the fund level statement reflected the large expenditure without any offsetting  revenue thereby having a negative impact on fund balance.      The TIF‐1 Innovation Campus Fund (Debt Service Fund) had a negative balance of $540,016 because of a large advance  to the capital project fund which will be paid off with future tax increment revenue.    The TIF‐6 Digester (Capital Project Fund) had a negative balance of $28,272 because of bills incurred in previous years  and required to be paid by the City as a result of a settlement.  The bills were received following year end and reported  as accrued expenses at the end of 2017.        3. DEPOSITS AND INVESTMENTS       The City follows the practice of aggregating the cash and investments of various funds to maximize cash management  efficiency and returns.  Various restrictions on deposits and investments are imposed by statutes.  These restrictions are  summarized below:      Deposits ‐ The City’s cash deposits are made in qualified public depositories as defined by South Dakota Codified Law  (SDCL) 4‐6A‐1, 7‐20‐1, 7‐20‐1.1 and 9‐22‐6.2, and may be in the form of demand or time deposits.      Qualified depositories are required by SDCL 4‐6A‐3 to maintain at all times, segregated from their other assets, eligible  collateral having a value equal to at least 100 percent of the public deposit accounts which exceed deposit insurance  such as the Federal Deposit Insurance Corporation (FDIC) and National Credit Union Share Insurance (NCUA).  In lieu of  pledging eligible securities, a qualified public depository may furnish irrevocable standby letters of credit issued by  Federal Home Loan Banks accompanied by written evidence of that bank's public debt rating which may not be less than  "AA" or a qualified public depository may furnish a corporate surety bond of a corporation authorized to do business in  South Dakota.      Investments ‐ In General, SDCL 4‐5‐6 permits City funds to be invested in (a) securities of the United States and  securities guaranteed by the United States government either directly or indirectly; or (b) repurchase agreements fully  collateralized by securities described in (a); or in (c) shares of an open‐end, no‐load fund administered by an investment  company whose investments are in securities described in (a) and repurchase agreements described in (b).  Also, SDCL  4‐5‐9 requires that investments shall be in the physical custody of the political subdivision or may be deposited in a  safekeeping account with any bank or trust company designated by the political subdivision as its fiscal agent.    Fair Value Measurement – Fair value is the price that would be received to sell an asset or paid to transfer a liability in  an orderly transaction between market participants at the measurement date.  Fair value measurements must maximize  the use of observable inputs and minimize the use of unobservable inputs.   There is a hierarchy of three levels of inputs  that may be used to measure fair value:    Level 1 – Quoted prices in active markets for identical assets or liabilities.  Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities;  quoted prices in markets that are not active; or other inputs that are observable or can be  corroborated by observable market data for substantially the full term of the assets or liabilities.  Level 3 – Unobservable inputs supported by little or no market activity and are significant to the fair value of  the assets or liabilities.    The following table presents the fair value measurements of assets and liabilities recognized in the accompanying  financial statements measured at fair value on a recurring basis and the level within the fair value hierarchy in the which  the fair value measurements fall at December 31, 2017.   51 City of Brookings December 31, 2017 Notes to the Financial Statements   Money Market Funds and Certificates of Deposit (CD’s) are carried at cost, and thus are not included within the fair  value hierarchy.      As of December 31, 2017, the City had the following investments and maturities.    Credit Risk – State law limits eligible investments for the City, as discussed above.  The City has an investment policy  that does not further limit its investment choices.    Custodial Credit Risk – Deposits – The risk that in the event of a depository failure the City’s deposits may not be  returned to it.  The City does not have a deposit policy for custodial credit risk.  As of December 31, 2017, the City's  deposits in financial institutions were fully insured or collateralized and were not exposed to custodial credit risk.     Custodial Credit Risk – Investments – The risk that, in the event of default of the counterparty to a transaction, the City  will not be able to recover the value of investment or collateral securities that are in the possession of an outside party.    United States Government Securities, with a fair market value of $8,352,510, are held in a safekeeping account with  First Bank & Trust Wealth Management Services in Brookings, South Dakota.  First Clearing, LLC <FCC>, a non‐bank  affiliate of Wachovia Corporation, and a registered broker‐dealer, a member of the New York Stock Exchange and a  member of the National Association of Securities Dealers, Inc., carries the City of Brookings, SD account and acts as its  custodian for funds and securities deposited with First Bank & Trust Wealth Management directly by the City.    Money Market Funds, with a fair market value of $11,841,408, are held in a safekeeping account with First Bank & Trust  Wealth Management Services in Brookings, South Dakota.    Money Market Funds, with a fair market value of $6,160,248, are held in a safekeeping account with Wells Fargo Asset  Management, in Brookings, South Dakota.     Coverage for cash and securities in protected client accounts is provided from two sources.  The Securities Investor  Protection Corporation <SIPC> protects up to $500,000, of which $100,000 may be cash.  Additional protection has been  obtained, at no cost to the City of Brookings, SD, for the remaining net equity balance of the cash and securities in the  City’s account.  This coverage does not protect against losses from any change in market values of investments.    Concentration of Credit Risk – The City places no limit on the amount that may be invested in any one issuer.      As of December 31, 2017, the City had investments in excess of 5% of the total investment portfolio: 44.93% of the  City's investments are in money markets at First Bank & Trust Wealth Management Services, 16.62% are in US  Treasuries, 15.08% are in Federal Farm Credit Bank securities (FFCB), and 23.37% are in money markets at Wells Fargo  Asset Management.    Interest Rate Risk – The City has a formal investment policy that limits investment maturities to less than five <5> years  from the date of purchase as a means of managing its exposure to fair value losses arising from increasing interest rates.    Credit Carrying Fair Value Investment Type Rating Value Less than 1 1 to 5Hierachy Level Money Market  Fund ‐ U.S. Agencies Not Rated 11,841,408$    11,841,408$    ‐$                              N/A Money Market  Fund ‐ U.S. Agencies AAAm 6,160,248          6,160,248          ‐                                 N/A U.S. Treasuries AAA 4,379,570          3,290,507          1,089,063           2 U.S. Agencies  Obligations AAA 3,972,940          2,997,050          975,890               2 Total  Investments 26,354,166$    24,289,213$    2,064,953$         Maturities  in Years 52 City of Brookings December 31, 2017 Notes to the Financial Statements Assignment of Investment Income – State law allows income from deposits and investments to be credited to either  the General Fund or the fund making the investment.  The City’s policy is to credit all income from investments to the  fund making the investment.     Summary of Deposit and Investment Balances    Following is a reconciliation of the City’s deposit and investment balances as of December 31, 2017:              4. RECEIVABLES AND DUE FROM OTHER GOVERNMENTS:       Receivables for the City’s individual major funds, aggregate nonmajor funds, and fiduciary funds including the applicable  allowances for uncollectible accounts are as follows at December 31, 2017:    The City expects all receivables to be collected within one year, except for $789,004 in deferred Special Assessments in  the Special Revenue Special Assessments Fund.      Allowances for uncollectible accounts receivable in the Enterprise Funds are calculated based on historical trend data.   The other funds receivables are stated at face value.  As of December 31, 2017, the allowance for doubtful accounts in  the Enterprise Funds were as follows:      Totals   Investments 26,354,165$         Certificates of deposits 40,392,803           Deposits  and cash  on hand 66,694,951           133,441,919$        Government‐wide   Fiduciary Funds    Statement of    Statement of    Net Position   Net Position   Totals   Cash  and cash  equivalents 81,431,981$              25,753$                   81,457,734$     Investments‐CDs 25,545,704                ‐$                             25,545,704       Investments 8,352,510                  ‐                               8,352,510         Restricted assets:    Cash  and cash  equivalents 3,238,872                  ‐                               3,238,872            Investments‐CDs 14,847,099                ‐                               14,847,099       133,416,166$            25,753$                   133,441,919$   Special  Unbilled Interest Taxes Accounts Assessments Accounts Total General  Fund 10,030$    2,628$  262,112$         ‐$                     ‐$                  274,770$         75% Sales  & Use  Tax 2,294        352,888           ‐                  ‐                355,182           Electric Fund 7,599        ‐            2,229,481       ‐                      998,705        3,235,785        Wastewater Fund 8,171        ‐            516,032          ‐                      287,636        811,839           Health System Fund 4,902        ‐            10,040,305     ‐                      ‐                    10,045,207      Telephone  Fund 14,997      ‐            2,536,753       ‐                      353,466        2,905,216        Nonmajor and Other Funds 19,584      1,424    1,070,702       861,949          316,390        2,270,049        67,577$    4,052$  17,008,273$   861,949$        1,956,197$   19,898,048$    Electric  Fund 23,861$                   Health System Fund 2,616,000               Telephone  Fund 30,761                      Wastewater Fund 7,500                         Water Fund 7,400                         2,685,522$            53 City of Brookings December 31, 2017 Notes to the Financial Statements The total of Due from Other Governments of $1,626,424 includes the following significant items:    5.      OTHER ASSETS   Other assets at December 31, 2017 were as follows:    Telephone Fund       South Dakota Network, LLC    $330,357      Express Communications, Inc.          11,895      DHE, LLC        102,939       Capital credits       175,666    Total Telephone Fund       620,857    Wastewater Fund – capital credits          10,576    Water Fund – capital credits                 907    Health System Fund – investment in joint venture   210,082    Total other assets – Enterprise Funds  $842,422    There is an operating agreement between all of the members of South Dakota Network, LLC (SDN) including the  Telephone Fund, which requires a selling member to first offer to other members of SDN any units available for sale.   The City owns 7.84% of this company.    There is a buy‐sell agreement between all of the shareholders of Express Communications, Inc., including the Telephone  Fund, which requires a selling shareholder to first offer to other shareholders of Express Communications, Inc. any stock  available for sale.  The City owns 11,368 shares or 10.14% of Express Communications, Inc.    There is an operating agreement between all the members of DHE, LLC (DHE), including the Telephone Fund, for the  sole and exclusive benefit of the members and no third party shall have any rights under the agreement.  The City owns  10.34% of this company as a Class I member.    Capital credits represent each respective Fund’s patronage capital allocation resulting from their relationships with  cooperative associations.    6. PCS LICENSES     The Telephone Fund has FCC licenses to operate a Personal Communication Services (PCS) network in Eastern South  Dakota and Northwestern Iowa which includes the cities of Watertown, Brookings, Sioux Falls and Sioux City.  The  license agreements for PCS have been renewed until June 2025.  Although the FCC licenses were issued with a stated  term, they can be renewed routinely, and renewal of the license is expected without substantial cost and no legal,  Fund/Fund Type Amount Service General Fund/Major Governmental 640,912$       State of South Dakota, December Sales  and Use Tax 20,403             Brookings County, Property Tax  Collected by Brookings County 4,994                Brookings County, County Highway Bridge Tax 1,837                Brookings County, Wheel Tax 41,687             State of South Dakota, December Liquor Tax 64,359             State of South Dakota, State Highway and Bridge  Tax 1,499                Brookings County, Billings 25% Sales  & Use Tax/Special  Revenue Fund 157,696          State of South Dakota, December Sales  and Use Tax 75% Sales  & Use Tax/Special  Revenue Fund 479,840          State of South Dakota, December Sales  and Use Tax Enhanced 911/Special Revenue Fund 79,980             Brookings County, Billings 4,186                State of South Dakota, 911 Surcharge Storm Drainage/Special Revenue Fund 5,477                Brookings County, Storm Drainage Tax  Collected by County Bed and Booze Tax/Special  Revenue Fund 70,051             State of South Dakota, December Sales  and Use Tax Airport/Enterprise Fund 53,503             Federal Government, Airport  Improvement Project Grant Funds       Total 1,626,424$   54 City of Brookings December 31, 2017 Notes to the Financial Statements regulatory, contractual, or other factors currently exist that limit the useful life of the licenses, so long as the Telephone  Fund continues to operate PCS systems as authorized by each license and provides wireless service to the public.  The  costs of the license agreements were amortized equally over an estimated economic useful life of 15 years, and became  fully amortized in 2015.    The Telephone Fund is operating under an agreement with Sprint PCS through December 31, 2028.  Under the  agreement, Sprint provides the Telephone Fund significant support services such as billing, collections, long‐distance,  customer care and national advertising.  Additionally, the Telephone Fund derives substantial roaming and travel  revenues and expenses when Sprint and Sprint's network partners' wireless subscribers incur minutes of use in the  Telephone Fund's territories.  Sprint PCS collects customer payments for the Telephone Fund’s PCS operations, remits  such receipts to the Telephone Fund and invoices the Telephone Fund for amounts due to Sprint PCS for services  provided under the agreement.  Estimates have been made for liabilities regarding the settlement process, and may be  subject to further adjustment pursuant to the settlement process called for in the agreement.    The Telephone Fund is also required to make affiliation fee payments based on estimated annual revenues.  The actual  cost for the year ended December 31, 2017 was $999,996.    7. CHANGES IN CAPITAL ASSETS   A summary of changes in capital assets for the year ended December 31, 2017 is as follows:   Depreciation expense was charged to functions as follows:    Governmental Activities:  General government    $    204,985  Public safety           525,986  Public works        2,166,631  Culture and recreation        1,317,435  Health and welfare              4,721  Total depreciation expense    Governmental Activities   $ 4,219,758  Beginning Ending Balances Increases Decreases Transfers Balances Governmental Activities Capital assets not being depreciated  Land 10,015,411$    110,200$            (9,661)$                   ‐$                                10,115,950$     Construction in progress 881,647               1,517,320          (5,310)                      (300,262)                2,093,395           Total capital assets not being depreciated 10,897,058       1,627,520          (14,971)                   (300,262)                12,209,345        Capital assets being depreciated Infrastructure 72,561,874       1,426,464          ‐                                   300,262                 74,288,600        Buildings and improvements 45,837,253       2,332,759          (69,303)                   ‐                                   48,100,709        Equipment 18,760,934       1,741,161          (956,156)                77,980                    19,623,919          To tal  capital assets being depreciated 137,160,061    5,500,384          (1,025,459)           378,242                 142,013,228       Less accumulated depreciation for:     Infrastructure 31,047,370       1,831,962          ‐                                   ‐                                   32,879,332            Buildings and improvements 13,478,091       1,048,657          (69,303)                   ‐                                   14,457,445            Equipment 10,036,149       1,339,139          (909,704)                77,980                    10,543,564              Total  accumulated depreciation 54,561,610       4,219,758          (979,007)                77,980                    57,880,341                 Total  capital assets being dep. net 82,598,451       1,280,626          (46,452)                   300,262                 84,132,887        Governmental Activities  capital assets, net 93,495,509$    2,908,146$       (61,423)$                 ‐$                                96,342,232$     55 City of Brookings December 31, 2017 Notes to the Financial Statements   Depreciation expense was charged to functions as follows:  Business‐Type Activities:  Electric  $1,676,013  Hospital     5,505,647  Telephone     3,542,309  Liquor          29,065  Water        423,692  Wastewater     1,599,959  Airport       933,349  Golf         91,971  Solid Waste        519,372  Research and Technology Center          53,007  Total depreciation expense    Business‐Type Activities                                 $14,374,384  Significant projects included in construction in progress for the primary government are as follows:    Beginning Ending Balances Increases Decreases Transfers Balances Business‐Type  Activities: Capital assets not being depreciated: Land 4,770,567$           41,250$               ‐$                          ‐$                           4,811,817$            Construction in progress 31,729,113           21,558,245        (6,413,601)     (43,427,182)   3,446,575               Total  capital assets not being depreciated 36,499,680           21,599,495        (6,413,601)     (43,427,182)   8,258,392               Capital assets being depreciated: Buildings and improvements 274,567,051        4,920,303           (14,221,994)  43,427,182     308,692,542         Equipment 39,465,490           9,142,103           (15,284,835)  (77,980)              33,244,778              Total  capital assets being depreciated 314,032,541        14,062,406        (29,506,829)  43,349,202     341,937,320           Less accumulated depreciation for:   Buildings and improvements 119,736,241        10,970,773        (13,653,159)   ‐                              117,053,855           Equipment 29,571,339           3,403,611           (15,165,903)  (77,980)              17,731,067                Total  accumulated depreciation 149,307,580        14,374,384        (28,819,062)  (77,980)              134,784,922               Total  capital assets being depreciated, net 164,724,961        (311,978)              (687,767)         43,427,182     207,152,398         Business‐Type  Activities capital assets, net 201,224,641$     21,287,517$     (7,101,368)$  ‐$                           215,410,790$      Expended as of  Project Description Authorized 12/31/2017  Committed  Business‐Type Activities: Airport Fund    Runway 17/35 Improvements 1,161,500$       853,266$           308,234$           Telephone Fund    PCS  Tower and Site Work 392,330            356,864             35,466                   PCS  Radio Access  Network Equp Phase  I 1,977,894         1,970,184          7,710                    PCS  Radio Access  Network Equip Phase  II 265,763            250,096             15,667               Electric Fund     Pioneer park Road Relocation 172,628            79,675               92,953               Wastewater Fund     Manhole  Rehabilitation 408,925            383,925             25,000               4,379,040$       3,894,010$        485,030$           56 City of Brookings December 31, 2017 Notes to the Financial Statements 8. DEBT OBLIGATIONS  Long Term Liabilities     A summary of changes in long‐term liabilities is as follows:    Governmental Activities:                        Business‐Type Activities: Beginning Ending Due Within Balance Additions Reductions Balance One Year Revenue bonds 21,723,310$    ‐$                           (2,295,376)$    19,427,934$    2,140,509$       Premium on issuance 71,910                  ‐                              (11,985)              59,925                  ‐                              Total  bonds payable 21,795,220       ‐                              (2,307,361)       19,487,859       2,140,509        Loans ‐                                 5,900,000        (100,000)           5,800,000          200,000            Capital leases ‐                                 294,600            (33,630)              260,970               25,613               OPEB      General Fund 1,325,318          71,400               ‐                               1,396,718          ‐                                  Special Revenue Funds 92,515                  4,760                  ‐                               97,275                  ‐                              Compensated absences     General Fund 838,704               965,749            (953,796)           850,657               281,600                Special Revenue Funds 59,859                  100,943            (117,544)           43,258                  18,400               Net pension liability 1,274,010          ‐                              (1,274,010)       ‐                                 ‐                              Governmental Activities   Long‐Term Liabilities 25,385,626$    7,337,452$     (4,786,341)$    27,936,737$    2,666,122$     Beginning Ending Due Within Balance Additions Reductions Balance One Year Revenue bonds 6,185,336$      ‐$                   (319,865)$       5,865,471$     328,525$       Loans  payable 29,143,534      ‐                     (647,729)         28,495,805     671,357         Capital  leases 26,696,924     17,510,821    (910,647)         43,297,098     1,817,708      OPEB 1,110,929       79,187           ‐                      1,190,116       ‐                     Landfill closure/ postclosure 559,223          46,826           ‐                      606,049          ‐                     Compensated  absences 1,416,357       3,122,676      (2,994,765)      1,544,268       1,175,845      Amount due under joint      operating agreement 958,735          596,615         ‐                      1,555,350       ‐                     Net pension liability 4,983,158       ‐                     (4,983,158)      ‐                      ‐                     Business‐Type  Activities   Long‐Term Liabilities 71,054,196$   21,356,125$  (9,856,164)$    82,554,157$   3,993,435$    57 City of Brookings December 31, 2017 Notes to the Financial Statements Long‐term liabilities payable at December 31, 2017 is comprised of the following: Governmental Activities: Revenue Bonds: City of Brookings, South Dakota Sales  Tax Revenue  Bonds, 2010A Series, final  maturity date December 2022; Interest rate  varies  from  1.25% to  3.15%; payments are  made  from 75% Sales and Use Tax/Public Improvement Fund.  Callable at option of the  City in whole  or in part beginning in December, 2018. Original issue $16,735,000.6,510,000$                  Plus: Premium on issuance 59,925                      City of Brookings, South Dakota Sales  Tax Revenue Bonds, 2014A Series, final  maturity date December 2033; Interest rate  3.15%; payments are made  from 75% Sales  and Use Tax/Public Improvement Fund.  Original  issue $10,000,000.9,149,693                 City of Brookings, South Dakota SDHDA TIF #3 Bond, (Guaranteed by Developer), final  maturity date December 2023; interest rate  5%; payments  made from the  TIF #3 Fund.                Original issue: $1,035,000.277,825                    City of Brookings, South Dakota State Revolving Fund Bond #2, final  maturity date December 2035; interest rate  3%; payments made  from TIF #1 Fund. Original issue $670,000.509,200                    City of Brookings, South Dakota  State Revolving Fund Bond #3, final  maturity date December 2033; interest rate  3%; payments made  from Storm Drainage Fund.  Original  issue $390,519. 301,007                    City of Brookings, South Dakota State Revolving Fund Bond #4, final  maturity date April  2033; interest rate  3%; payments made  from Storm Drainage Fund. Original  issue $335,314.276,305                    City of Brookings, South Dakota State Revolving Fund Bond #5, final  maturity date January 2033; interest rate  3%; payments 183,957                    made  from Storm Drainage Fund. Original  issue $226,121. City of Brookings, South Dakota  State Revolving Fund Bond #6, final  maturity date October 2032; interest rate  3%; payments 1,686,708                 made from Storm Drainage Fund. Original  issue $1,972,719. City of Brookings, South Dakota Tax Increment Revenue Note, (Guaranteed by Developer), final  maturity date June 2019;  interest rate  7.5%; payments made from TIF#4 Fund. Original issue $450,940.110,218                    City of Brookings, South Dakota State Revolving Fund Bond #9, final  maturity date July 2035; interest rate  3%; payments made  from Storm Drainage Fund. Original  issue up to $1,570,000.423,021                    19,487,859               Loans: City of Brookings, South Dakota loan from private citizen, final  maturity date November 2027; interest rate  0%; payments made  from 75% Sales and Use Tax Fund. Original issue $5,500,000 5,400,000                 City of Brookings, South Dakota loan from Brookings County, final  maturity date November 2021; interest rate  0%; payments made  from 75% Sales and Use Tax Fund. Original issue $400,000 400,000                    5,800,000                 58 City of Brookings December 31, 2017 Notes to the Financial Statements Business‐Type Activities: Revenue Bonds: City of Brookings, South Dakota  Electric Utility Revenue Bonds Series  2005; final  maturity date July 2028; interest rate 5.95% per annum; payments are made from the  Electric Fund.                Callable  at option of the  City in $10,000 increments at  anytime.  Original  issue $1,353,319.885,471$           City of Brookings, South Dakota  Electric Utility Revenue  Bonds  Series  2011; final  maturity date December 2031; interest rate  .65% to  3.9% depending on length to maturity; payments are made  from the  Electric Fund. Callable  at option of the  City in whole  or in part beginning on  December 1, 2022.  Original  issue $6,500,000.4,980,000             Total  Revenue Bonds:5,865,471          Loans: City of Brookings, South Dakota  State Revolving Fund Bond #7; final  maturity date October 2044; interest rate  3.25%; payments made from Wastewater Fund. 28,495,805             Total  Loans:28,495,805        Financing (Capital Acquisition) Leases: Lease  and purchase of utility plant for the  Telephone, Water, Wastewater, and Electric Funds.         Series  2006; interest rates  4.75% due December 1, 2026. Orig. issue $8,000,000. 4,525,000          Lease  and purchase of Skilled Nursing Facility  for Brookings  Health System.        Series 2012; interest rate  3.98% due October 15,  2042. Original issue $10,000,000.9,058,204          Lease  and purchase of Hospital  Renovation and Addition of Medical  Office  Building.        Series  2015A; interest rate2.60% through  2020, variable  thereafter, due October 2025.              Original issue $8,000,000. 7,781,863                 Series  2015B; interest rate  3.95% through 2025, variable  thereafter, due October 2037.            Original  issue $22,000,000.21,932,031             Total  Leases:43,297,098        OPEB Liability:1,190,116          Landfill  Closure/Postclosure Costs:606,049             Compensated  Absences:1,544,268          Amount Due Under Joint Operating Agreement:1,555,350          Total  Business‐Type  Activities  Long‐Term Liabilities 82,554,157$      Governmental Activities  continued: Financing (Capital Acquisition) Leases: Lease  purchase of a  digital  Scoreboard; final  maturity date December 2026; interest rate  of 2.9%; annual payments made  from the  Swiftel  Center Fund. Original issue $294,600. 260,970              Total  Leases:260,970         OPEB Liability:1,493,993      Compensated  Absences:893,915         Net Pension  Liability: Total  Governmental  Activities  Long‐Term Liabilities 27,936,737$  59 City of Brookings December 31, 2017 Notes to the Financial Statements The annual requirements to amortize all debt outstanding for Governmental Activities as of December 31, 2017, except  for the compensated absences, other postemployment benefits (OPEB), and the net pension liability are as follows:                            Assets acquired through capital leases for business‐type activities were primarily for buildings and various infrastructure, which  are being depreciated over the lesser of their estimated useful lives or the term of the related lease.     Year  Ending Loans December 31, Principal Interest Principal Interest 2018 2,140,509$         592,761$                     200,000                        ‐                                     2019 2,202,917            533,478                        200,000                        ‐                                     2020 2,265,386            469,346                        200,000                        ‐                                     2021 2,335,123            399,514                        200,000                        ‐                                     2022 1,125,008            326,630                        916,666                        ‐                                     2023‐2027 3,947,660            1,191,863                   4,083,334                   ‐                                     2028‐2032 4,419,151            538,960                        ‐                                    ‐                                     2033‐2037 992,180                 26,662                           ‐                                    ‐                                     19,427,934$      4,079,214$                5,800,000$                ‐$                                  Year  Ending Total December 31, Principal Interest Principal Interest 2018 25,613                    8,017                              2,366,122                   600,778                         2019 26,400                    7,230                              2,429,317                   540,708                         2020 27,211                    6,419                              2,492,597                   475,765                         2021 28,047                    5,583                              2,563,170                   405,097                         2022 28,908                    4,722                              2,070,582                   331,352                         2023‐2027 124,791                 9,729                              8,155,785                   1,201,592                    2028‐2032 ‐                             ‐                                    4,419,151                   538,960                         2033‐2037 ‐                             ‐                                    992,180                        26,662                            260,970$              41,700$                        25,488,904$             4,120,914$                 Revenue Bonds Capital Acquisition Leases 60 City of Brookings December 31, 2017 Notes to the Financial Statements   The annual requirements to amortize all debt outstanding for Business‐Type Activities as of December 31, 2017, except  for compensated absences, landfill closure/postclosure, OPEB, amounts due under joint operating agreement, and the  net pension liability are as follows:    The Series 2005 Utility Revenue Bonds are secured by a pledge of the revenues from the Electric Fund of the improvements  funded from the issuance, through final maturity of the bonds in 2028.  The total principal and interest remaining to be paid  on the bonds is $1,189,209.  The Series 2011 Utility Revenue Bonds are secured by a pledge of the revenues from the  Electric Fund, of improvements funded from the issuance, through final maturity of the bonds in 2031.  The total principal  and interest remaining to be paid on the bonds is $6,549,967.  Total debt service payments for the Series 2005 and 2011  Bonds are expected to require approximately 10 percent of the net revenues of the Electric Fund.  9.    CONDUIT DEBT    In the past, the City has issued revenue bonds to provide financial assistance to certain private‐sector entities for acquisition  and/or construction of facilities deemed to be in the public interest.  These bonds are secured by the property being  financed and are payable solely from payments received on the underlying mortgage loans.  Upon repayment of the bonds,  ownership of the acquired facilities is retained by the private‐sector entity served by the bond issuance.  Neither the City,  the State of South Dakota, or any other political subdivision of the state is obligated in any manner for the repayment of  Business ‐Type  Activities: Year  Ending December 31, Principal Interest Principal Interest 2018 328,525$                220,744$                 671,357$                917,987$               2019 337,410                   211,162                    693,444                   895,900                  2020 351,532                   200,560                    716,257                   873,087                  2021 360,906                   188,766                    739,820                   849,523                  2022 375,548                   176,144                    764,159                   825,185                  2023-2027 2,107,929              652,182                    4,214,843              3,731,877             2028-2032 2,003,621              224,147                    4,955,290              2,991,430             2033-2037 ‐                                      ‐                                      5,825,816              2,120,904             2038-2042 ‐                                      ‐                                      6,849,272              1,097,447             2043-2047 ‐                                      ‐                                      3,065,547              113,142                  5,865,471$           1,873,705$            28,495,805$        14,416,482$       Year  Ending December 31, Principal Interest Principal Interest 2018 1,817,708$           1,567,790$            2,817,590$           2,706,521$          2019 1,880,113              1,505,673               2,910,967              2,612,735             2020 1,943,843              1,441,280               3,011,632              2,514,927             2021 1,913,510              1,470,001               3,014,236              2,508,290             2022 2,000,630              1,385,319               3,140,337              2,386,648             2023-2027 10,381,568           5,913,885               16,704,340           10,297,944          2028-2032 9,282,717              4,495,086               16,241,628           7,710,663             2033-2037 11,626,118           2,151,685               17,451,934           4,272,589             2038-2042 2,450,891              218,401                    9,300,163              1,315,848             2043-2047 ‐                                     ‐                                      3,065,547              113,142                  43,297,098$        20,149,120$         77,658,374$        36,439,307$       Revenue  Bonds Loans Capital  Acquisition Leases Total 61 City of Brookings December 31, 2017 Notes to the Financial Statements these conduit debt issues.  Accordingly, these bonds are not reported as liabilities in the accompanying financial statements.   As of December 31, 2017 there was one series of conduit bonds outstanding issued for the benefit of South Dakota State  University, with an unpaid principal amount of $510,402.    10.    OPERATING LEASE COMMITMENTS    The Telephone Fund has various leases relating to the Sioux Falls, Sioux City, Watertown and Brookings stores.  In  addition to rent, the Fund also pays real estate taxes, repairs and maintenance and insurance above normal premium on  leased property.  The Telephone Fund also has various site leases for PCS towers and equipment.    Rent expense and future minimum rental commitments for these leases are as follows:    Expense:   2017       $  915,447  Commitments:   2018       $  711,498   2019                659,034   2020           456,607   2021           258,482   2022           154,578   Thereafter            15,834  Total Commitments                 $2,256,033       The Health System leases clinic office space and equipment under certain non‐cancellable and cancellable long‐term  lease agreements.      Rent expense and future minimum rental commitments for these leases are as follows:    Expense:   2017       $  640,453  Commitments:   2018        $ 118,000                 11. LANDFILLS:       State and federal laws and regulations require Municipalities to place a final cover on their municipal landfill when it  stops accepting waste and to perform certain maintenance and monitoring functions at the site for thirty years after  closure.  Although closure and postclosure care costs will be paid only near or after the date that the landfill stops  accepting waste, the Municipality reports a portion of these closure and postclosure care costs as an operating expense  in each period based on landfill capacity used as of each balance sheet date.  The $606,049 reported as landfill closure  and postclosure care liability at December 31, 2017, represents the cumulative amount reported to date based on the  use of 32.00% of the estimated capacity of the landfill.  The Municipality will recognize the remaining estimated cost of  closure and postclosure care of $1,287,854 as the remaining estimated capacity is filled.  These amounts are based on  what it would cost to perform all closure and postclosure care in 2017.  The Municipality expects to close the landfill in  the year of 2047.  Actual cost may be higher due to inflation, changes in technology, or changes in regulations.     The Municipality is required by state and federal laws and regulations to make annual contributions to a trust to finance  closure and post closure care.  The City is in compliance with these requirements; and, at December 31, 2017,  investments of $1,285,661 are held for these purposes.  These are reported as restricted assets on the statement of net  position.  The Municipality expects that future inflation costs will be paid from interest earnings on these annual  contributions.  However, if interest earnings are inadequate or additional post closure care requirements are  62 City of Brookings December 31, 2017 Notes to the Financial Statements determined (due to changes in technology or applicable laws and regulations, for example), these costs may need to be  covered by increased fees to future landfill users or from future tax revenue.    12.    SEGMENT INFORMATION FOR ENTERPRISE FUNDS    The Electric Fund maintained by the City provides construction and operation of the municipal electric system and  related facilities.  The City has issued separate revenue bonds to finance its Electric Fund.  Investors in those bonds rely  solely on the revenue generated by the individual activities for repayment.  The Wastewater Fund received a State  Revolving Fund Loan to make improvements to the wastewater treatment facilities and collection system.  The loan is  secured by gross revenues derived solely from the revenues of the wastewater surcharge.  Segment information for  these separately identifiable activities that have bonds or other debt instruments outstanding with a revenue stream  pledged in support of that debt, as well as a requirement to account for the activity’s revenues, expenses, gains and  losses, assets and liabilities apart from other activities within the same fund or in different funds is as follows:      A. Electric Fund  CONDENSED STATEMENT OF NET POSITION Unsecured Series Series Total Operations 2005 Bonds 2011 Bonds Electric Fund Assets     Current assets 9,693,010$                2,118,166$             1,028,818$    12,839,994$                     Due from  other funds 153,486                        ‐                                        ‐                             153,486                               Noncurrent assets, excluding capital assets 4,774,248                   98,088                        478,596           5,350,932                           Capital assets 29,462,175                789,384                     5,363,410       35,614,969                          Total  assets 44,082,919                3,005,638                6,870,824       53,959,381                    Deferred Outflows  of resources 1,021,785                    ‐                                       ‐                             1,021,785                          Total  assets and deferred outflows  of resources 45,104,704$             3,005,638$             6,870,824$    54,981,166$                 Liabilities     Current liabilities 2,296,745$                63,626$                     279,148$        2,639,519$                        Due to other funds 6,885                              ‐                                        ‐                             6,885                                     Noncurrent liabilities 1,648,904                   821,946                     4,715,000       7,185,850                              Total  liabilities 3,952,534                   885,572                     4,994,148       9,832,254                       Deferred inflows of resources 189,981                        ‐                                        ‐                             189,981                              Total  liabilities and deferred inflows of resource 4,142,515                   885,572                     4,994,148       10,022,235                    Net position    Net Investment in capital assets 27,765,300                (96,087)                      383,410           28,052,623                       Restricted 841,687                       98,088                        478,596           1,418,371                          Unrestricted 12,355,202                2,118,065                1,014,670       15,487,937                    Total  net position 40,962,189                2,120,066                1,876,676       44,958,931                    Total  liabilites, deferred inflows of resources,  and net position 45,104,704$             3,005,638$             6,870,824$    54,981,166$                 Electric  Fund December 31, 2017 63 City of Brookings December 31, 2017 Notes to the Financial Statements   B. Wastewater Fund  CONDENSED STATEMENT OF REVENUES,   EXPENSES, AND  CHANGES IN NET POSITION Unsecured Series Series Total Operations 2005 Bonds 2011 Bonds Electric Fund Operating revenues 27,548,459$   320,786$       633,498$      28,502,743$    Depreciation/amortization  expense (1,462,501)       (36,583)                    (176,929) (1,676,013)        Other operating expense (22,570,308)    (3,958)                                           ‐ (22,574,266)        Operating income 3,515,650         280,245          456,569         4,252,464          Nonoperating revenues (expenses)    Investment income 234,070             358                                     3,245 237,673                 Interest expense (87,051)               (54,632)                    (174,301) (315,984)                Other 849,295             ‐                                                         ‐ 849,295                 Transfers  out (2,055,000)       ‐                                                         ‐ (2,055,000)          Changes in net position 2,456,964         225,971          285,513         2,968,448          Beginning net position 38,505,225      1,894,095     1,591,163     41,990,483       Ending net position 40,962,189$   2,120,066$  1,876,676$  44,958,931$    Year Ended December 31, 2017 CONDENSED STATEMENT OF CASH FLOWS Unsecured Series Series Total Net cash provided (used) by:Operations 2005 Bonds 2011 Bonds Electric Fund    Operating activities 4,785,585$      316,830$       633,498$      5,735,913$          Noncapital financing activities (521,910)            ‐                                                        ‐ (521,910)                Capital and related financing activities (2,732,552)       (114,497)                (434,713) (3,281,762)           Investing activities (1,463,600)       358                    3,245               (1,459,997)             Net increase 67,523                202,691          202,030         472,244              Beginning cash and cash equivalents 1,328,261         2,013,563     1,305,384     4,647,208          Ending cash and cash equivalents 1,395,784$      2,216,254$  1,507,414$  5,119,452$                       Electric  Fund Year Ended December 31, 2017 Electric  Fund CONDENSED STATEMENT OF NET POSITION Unsecured State Revolving Total Operations Fund Loan Wastewater Fund Assets     Current assets 4,234,148$          3,680,233$            7,914,381$                    Due from  other funds 4,823                        ‐                                      4,823                                 Noncurrent assets, excluding capital assets 4,421,984             132,445                    4,554,429                       Capital assets 11,778,151          29,993,086            41,771,237                      Total  assets 20,439,106          33,805,764            54,244,870                Deferred outflows of resources 444,760                  ‐                                      444,760                          Total  assets and deferred outflows  of resources 20,883,866$       33,805,764$         54,689,630$             Liabilities     Current liabilities 98,965$                 864,297$                 963,262$                        Due to other funds 22,903                    ‐                                      22,903                              Noncurrent liabilities 277,085                 27,824,448            28,101,533                       Total  liabilities 398,953                 28,688,745            29,087,698                Deferred inflows of resources 79,237                    ‐                                      79,237                             Total  liabilities and deferred inflows of resources 478,190                 28,688,745            29,166,935                Net positions    Net Investment in capital assets 11,524,751          1,497,281               13,022,032                   Restricted 369,644                 132,445                    502,089                          Unrestricted 8,511,281             3,487,293               11,998,574                Total  net position 20,405,676          5,117,019               25,522,695                Total  liabilities, deferred inflows of resources, and  net position 20,883,866$       33,805,764$         54,689,630$             Wastewater Fund December 31, 2017 64 City of Brookings December 31, 2017 Notes to the Financial Statements CONDENSED STATEMENT OF REVENUES,   EXPENSES, AND  CHANGES IN NET POSITION Unsecured State  Revolving Total Operations Fund Loan Wastewater Fund Operating revenues 3,525,315$     2,011,815$    5,537,130$               Depreciation/amortization  expense (527,020)           (1,072,939)      (1,599,959)                 Other  operating expense (1,915,238)      (159,957)          (2,075,195)                    Operating income 1,083,057        778,919            1,861,976                  Nonoperating revenues (expenses)    Investment income 101,093            395                      101,488                          Interest expense (12,999)              (934,966)          (947,965)                        Other 177                       ‐                              177                                    Contributed capital 500,990            ‐                              500,990                         Changes in net position 1,672,318        (155,652)          1,516,666                  Beginning net position 18,733,358     5,272,671       24,006,029               Ending net position 20,405,676$  5,117,019$    25,522,695$            Wastewater Fund Year Ended  December 31, 2017 CONDENSED STATEMENT OF CASH FLOWS Unsecured State Revolving Total Net  cash provided (used) by: Operations Fund Loan Wastewater Fund    Operating activities 1,244,948$     1,741,492$    2,986,440$                  Noncapital financing activities 80,242               ‐                              80,242                             Capital and related financing activities 326,284            (2,885,189)      (2,558,905)                    Investing activities (538,377)           ‐                              (538,377)                          Net increase (decrease)1,113,097        (1,143,697)      (30,600)                        Beginning cash and cash equivalents (2,228,534)      4,956,375       2,727,841                  Ending cash and cash equivalents (1,115,437)$   3,812,678$    2,697,241$               Wastewater Fund Year  Ended  December 31, 2017 65 City of Brookings December 31, 2017 Notes to the Financial Statements 13.      INDIVIDUAL INTERFUND BALANCES AND TRANSFERS     Interfund receivables and payables result from the time lag between the dates that interfund goods and services are  provided or reimbursable expenditures occur, transactions are recorded in the accounting system, and payments  between funds are made.  The composition of interfund balances as of December 31, 2017 is as follows:  Interfund transfers are used to move revenues from the fund that statute or budget requires to collect them to the  fund that statute or budget requires to expend them, and use unrestricted revenues collected in the general fund to  finance various programs accounted for in other funds in accordance with budgetary authorizations.  The financial  statements reflect interfund transfers as follows:  Interfund advances or loans between funds are authorized by the governing board allowing the use of monies available  in one fund to finance a project or purchase in another.  The terms are established by the governing board.  The  financial statements reflect interfund advances as follows:    General 75% Sales  & Nonmajor Health Nonmajor Due From Fund Use  Tax Governmental System Enterprise General  Fund ‐$               ‐$                 ‐$                      60,605$    1,349$          11,164$      ‐$            26,672$        99,790$        75% Sales & Use Tax ‐             ‐               27                      ‐            ‐               ‐              ‐              .27                 Nonmajor Governmental 6,111         ‐                   ‐                        17,057      379               3,378          ‐                  7,507            34,432          Electric 2,570         ‐                   1,706        138               2,155          ‐                  316               6,885            Wastewater 2,906         ‐                   18,023      179               875             ‐                  920               22,903          Health System ‐                  ‐                   ‐                        25,350      2,331            7,356          ‐                  2,404            37,441          Telephone 7,272         ‐                   ‐                        15,491      365               128,445      ‐                  673               152,246        Nonmajor Enterprise 10,879       ‐                   ‐                        15,254      82                 2,665          ‐                  15,252          44,132          Total     29,738$     ‐$                 27$                   153,486$  4,823$          156,038$    ‐$                53,744$        397,856$      Due To Electric Telephone TotalWastewater General 75% Sales   &Nonmajor Nonmajor Transfer Out Fund Use Tax Governmental Enterprise General  Fund 13,107$       70,562$        $            12,000  $   229,680  $      325,349  75% Sales  & Use  Tax ‐               716,001                 1,553,327          56,829        2,326,157  Nonmajor Governmental           36,894            2,864,589                    ‐        2,901,483  Electric      2,055,000                         ‐                    ‐        2,055,000  Telephone         200,000                         ‐                    ‐           200,000  Nonmajor Enterprise      1,024,786         815,960                          ‐        100,000        1,940,746  Total  $  3,329,787  $ 1,602,523  $       4,429,916  $   386,509  $   9,748,735  Total Owed  to Owed from (Receivable) (Payable) Amount  General  Fund TIF 1  Innov Campus Fund 584,693$          General  Fund Swiftel Center Fund 130,000             Liquor Fund Golf Fund 145,317             Liquor Fund General Fund 127,147             Solid Waste Fund Swiftel Center Fund 984,929             Wastewater Fund Telephone Fund 464,314             Electric  Fund Telephone Fund 2,676,990        5,113,390$     Interfund Advances 66 City of Brookings December 31, 2017 Notes to the Financial Statements   The annual amounts due for principal and future interest on interfund advances are as follows:        14.      RESTRICTED NET POSITION    The following table shows the net position restricted as shown on the Statement of Net Position:     Principal  Interest Total 2018 1,799,559$  178,598$  1,978,157$   2019 1,875,035    108,702    1,983,737     2020 206,931       27,893      234,824        2021 210,554       24,269      234,823        2022 180,644       20,853      201,497        2023‐2027 648,267       59,741      708,008        2028‐2031 192,400       14,643      207,043        5,113,390$  434,699$  5,548,089$   Fund Restricted By Amount General Fund:    Library 59,925$               Insurance Deposit Contract 355,852            Special Revenue  Funds:   Enhanced  911 Law 157,043              Library Fines Law 35,572                Bed and Booze  Tax Law 952,464            Debt Service Funds:   TIF 3 Valley View Covenant 2,516                  TIF 4 Sieler Covenant 1,344                  TIF  5 32nd  Ave Covenant 67,189                TIF  6 Digester Covenant 5,278                  TIF 7 S. Main  Ave  Covenant 143,488            Governmental  Funds  ‐ Pension  Purposes Standard 2,756,977         Enterprise Funds:   Electric Fu nd – debt service Covenant 576,685              Telephone Fund ‐ debt service Covenant 207                     Wastewater Fund ‐ debt service Covenant 132,445              Health System ‐ debt service Covenant 688,890              Solid Waste  Fund – landfill Law 679,612            Enterprise  Funds  ‐ Pension  Purposes Standard 10,876,671       Total Restricted Net Position 17,492,158$     Donors 67 City of Brookings December 31, 2017 Notes to the Financial Statements 15.  FUND BALANCES  The following provides details of the aggregate amounts displayed on the face of the balance sheet:   Other   General 75% Sales  & Governmental  Fund Use Tax  Funds Total Fund Balances:   Nonspendable:     Inventory 56,906$             ‐$                            17,683$                 74,589$                   Inventory land held for resale 1,600,000         ‐                               ‐                             1,600,000              Prepaid items 535,967             ‐                               22,541                    558,508                   Insurance deposit 355,852             ‐                               ‐                                   355,852                   Advances 714,693             ‐                               ‐                                   714,693               3,263,418         ‐                               40,224                    3,303,642            Restricted for:     Donor purposes 59,925                ‐                               ‐                                   59,925                      Debt service ‐                               ‐                               219,815                 219,815                   Library ‐                               ‐                               35,572                    35,572                      E‐911 ‐                               ‐                               157,043                 157,043                   City promotion ‐                               ‐                               952,464                 952,464               59,925                ‐                               1,364,894             1,424,819            Committed:     Industrial park development 2,274,400         ‐                               ‐                                   2,274,400              Emergency financial stabilization 1,642,367         ‐                               ‐                                   1,642,367              Retail  development 1,873                   ‐                               ‐                                   1,873                         Police & Fire  Capital and other ‐                               801,123             940,522                 1,741,645              Economic development ‐                               1,000,000         ‐                                   1,000,000              Promotion/marketing of City ‐                               ‐                               228,400                 228,400                   Special assessment projects ‐                               ‐                               1,666,514             1,666,514              Storm drainage ‐                               ‐                               2,109,018             2,109,018              Public art 54,716                ‐                               54,716                  3,973,356         1,801,123         4,944,454             10,718,933         Assigned to:     Capital project carryover 400,745             1,992,551             2,393,296              Budget shortfall 540,000             540,000                   Future capital improvement 1,170,778         ‐                               ‐                                   1,170,778          2,111,523         ‐                               1,992,551             4,104,074            Unassigned 6,333,144          ‐                               (1,899,178)           4,433,966          15,741,366$   1,801,123$      6,442,945$          23,985,434$    68 City of Brookings December 31, 2017 Notes to the Financial Statements 16.      PENSION PLAN    Plan Description  All employees, working more than 20 hours per week during the year, participate in the South Dakota Retirement  System (SDRS), a cost‐sharing multiple‐employer defined benefit pension plan administered by SDRS to provide  retirement benefits for employees of the State of South Dakota and its political subdivisions.  SDRS provides retirement,  disability, and survivor's benefits based on a member’s class within the Plan.  The right to receive retirement benefits  vests after three years of credited service.  Authority for establishing, administering, and amending plan provisions are  found in South Dakota Codified Law 3‐12. SDRS issues a publicly available financial report that includes financial  statements and required supplementary information.  That report may be obtained at  http://www.sdrs.sd.gov/publications.aspx or by writing to South Dakota Retirement System, P.O. Box 1098, Pierre, SD   57501‐1098 or by calling (605) 773‐3731.  Benefits Provided  SDRS has three different classes of employees: Class A general employees, Class B public safety and Class B Judicial.  The  City has no Class B judicial members.  Class A retirement benefits are determined as 1.70% prior to 2008, and 1.55%  thereafter of the employee’s final 3‐year average compensation times the employee’s years of service.  Class A  employees with 3 years of service are eligible to retire at age 55.  Class B public safety benefits are determined as 2.40%  for service prior to 2008 and 2.0% thereafter of employee final average compensation.  All Class B employees with 3  years of service are eligible to retire at age 45.  Employees are eligible for service‐related disability benefits regardless of  length of service.  Disability benefits are determined in the same manner as retirement benefits but are payable  immediately without an actuarial reduction.  Death benefits are a percent of the employee’s final average salary.  The annual increase in the amount of SDRS benefits payable on each July 1st is indexed to the consumer price index (CPI)  based on SDRS funded status:   If the SDRS market value funded ratio is 100% or more ‐ 3.1% Cost‐of‐Living Adjustment (COLA)   If the SDRS market value funded ratio is 80.0% to 99.9%, index with the CPI   90.0% to 99.9% funded ‐ 2.1% minimum and 2.8% maximum COLA   80.0% to 90.0% funded ‐ 2.1% minimum and 2.4% maximum COLA   If the SDRS market value funded ratio is less than 80% ‐ 2.1% COLA    The 2017 legislation modified the COLA, effective for the July 1, 2018 increase:       Baseline actuarial accrued liabilities will be calculated assuming the COLA is equal to the long‐term inflation  assumption of 2.25%.   If the fair value of assets is greater or equal to the baseline actuarial accrued liabilities, the COLA will be:    The increase in the 3rd quarter CPI‐W, no less than 0.5% and no greater than 3.5%.   If the fair value of assets is less than the baseline actuarial accrued liabilities, the COLA will be:   The increase in the 3rd quarter CPI‐W, no less than 0.5% and no greater than a restricted  maximum such that, if the restricted maximum is assumed for future COLAs, the fair value to  assets will be greater or equal to the actuarial accrued liabilities.      All benefits except those depending on the Member’s Accumulated Contribution are annually increased by the Cost‐of‐ Living Adjustment.    The Variable Retirement Account (VRA) was established during the 2017 legislative session (SDCL 3‐12‐519 through 3‐ 12‐521) and became effective July 1, 2017.  The VRA is a flexible benefit provided to each generational member and  will be credited with a Variable Retirement Contribution (up to 1.5 percent of compensation funded by part of the  employer contribution) each year and investment earnings based on SDRS’s net investment return for the fiscal year  (through the month prior to distribution if paid out during the fiscal year).  The VRA will be payable in addition to the  SDRS defined benefit upon retirement, disability, or death.  Since the Variable Retirement Account is only available to  new hires that start after July 1, 2017, it does not impact the current financial statements.       69 City of Brookings December 31, 2017 Notes to the Financial Statements Contributions  Per SDCL 3‐12, contribution requirements of the active employees and the participating employers are established and  may be amended by the SDRS Board.  Covered employees are required by state statute to contribute the following  percentages of their salary to the plan; Class A Members ‐ 6.0% of salary and Class B Public Safety Members ‐ 8.0% of  salary.   State statute requires the employer to contribute an amount equal to the employee’s contribution.  State  statute also requires the employer to make an additional contribution in the amount of 6.2% for any compensation  exceeding the maximum taxable amount for social security for general employees only.  Employees who were  members prior to July 1, 2010 may make an additional contribution of 1.50% of their salary for optional spouse  coverage.  The City's share of contributions to SDRS for the fiscal year ended December 31, 2017 was $2,235,945,  which is equal to the required contribution.  Pension Liabilities (Assets), Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources  Related to Pensions  At June 30, 2017, SDRS is 100.1% funded and accordingly has a net pension asset. The proportionate share of the  components of the net pension asset of SDRS, for the City of Brookings as of the measurement period ending June 30,  2017 and reported by the City of Brookings as of December 31, 2017, are as follows:          The net pension asset was measured as of June 30, 2017 and the total pension liability used to calculate the net pension  asset was determined by an actuarial valuation as of that date.  At December 31, 2017, the City reported an asset of  $162,889 for its proportionate share of the net pension asset.  The City’s share of the net pension asset was based on  the City’s share of contributions to the Plan relative to all employer contributions to the Plan.  At June 30, 2017, City's  proportion was 1.79488890%, which is a decrease of (.0574944%) from the City’s proportion of 1.8523833% at June 30,  2016.  For the year ended December 31, 2017, the City recognized a reduction of pension expense of $3,580,709.  At  December 31, 2017, the City reported deferred outflows of resources and deferred inflows of resources related to  pensions from the following sources:    Deferred Outflows Deferred Inflows of Resources of  Resources Difference between expected and actual experience 2,609,914$                 ‐$                                Changes in assumptions 12,647,242                 ‐                                  3,131,684                     Change in Proportion ‐ City (excluding BMU & BHS) 49,923                        9,466                              Change  in Proportion ‐ Brookings Municipal  Utilities (BMU) 126,290                       ‐                                  Change  in Proportion ‐ Brookings Health System (BHS) 83,089                         ‐                                  City contributions subsequent to the measurement date 1,095,451                   ‐                                  Total 16,611,909$              3,141,150$                   Net difference between projected and actual  earnings on  pension plan investments Changes in proportion    Deferred outflows of resources related to pensions resulting from City contributions subsequent to the June 30, 2017  measurement date of $1,095,451 will be recognized as an addition to the net pension asset in the fiscal year ending  December 31, 2018.  Other amounts reported as deferred outflows of resources and deferred inflows of resources  related to pensions will be recognized in pension expense as follows:  Proportionate share of total  pension liability 208,834,668$              Less:  proportionate share of net position restricted for pension benefits 208,997,557                Proportionate  share of net pension liability (asset) (162,889)$                    70 City of Brookings December 31, 2017 Notes to the Financial Statements               Actuarial Assumptions  The total pension liability in the SDRS June 30, 2017 actuarial valuation was determined using the following actuarial  assumptions, applied to all periods included in the measurement:  Inflation 2.25%  Salary Increases 6.50% at entry to 3.0% after 25 years of service  Discount Rate 6.50%, net of pension plan investment expense    Mortality rates were based on 97% of the RP‐2014 Mortality Table, projected generationally with Scale MP‐2016, white  collar rates for females and total dataset rates for males.  Mortality rates for disabled members were based on the RP‐ 2014 Disabled Retiree Mortality Table, projected generationally with Scale MP‐2016.  The actuarial assumptions used in the June 30, 2017 valuation were based on the results of an actuarial experience  study for the period of July 1, 2011 to June 30, 2016.  Investment portfolio management is the statutory responsibility of the South Dakota Investment Council (SDIC), which  may utilize the services of external money managers for management of a portion of the portfolio.  SDIC is governed by  the Prudent Man Rule (i.e., the council should use the same degree of care as a prudent man). Current SDIC investment  policies dictate limits on the percentage of assets invested in various types of vehicles (equities, fixed income securities,  real estate, cash, private equity, etc.).  The long‐term expected rate of return on pension plan investments was  determined using a method in which best‐estimate ranges of expected future real rates of return (expected returns, net  of pension plan investment expense and inflation) are developed for each major asset class.  These ranges are combined  to produce the long‐term expected rate of return by weighting the expected future real rates of return by the target  asset allocation percentage and by adding expected inflation.  Best estimates of real rates of return for each major asset  class included in the pension plan's target asset allocation as of June 30, 2017 are summarized in the following table  using geometric means:              Discount Rate  The discount rate used to measure the total pension liability was 6.50%.  The projection of cash flows used to determine  the discount rate assumed that employee contributions will be made at the current contribution rate and that matching  employer contributions will be made at rates equal to the member rate.  Based on these assumptions, the pension  plan's fiduciary net position was projected to be available to make all future benefit payments of current plan members.   Therefore, the long‐term expected rate of return on pension plan investments was applied to all periods of projected  benefit payments to determine the net pension asset.     Target Long‐Term Expected Asset Class Allocation Real  Rate  of Return Global  Equity 58.0% 4.5% Fixed Income 30.0% 1.8% Real  Estate 10.0% 4.6% Cash 2.0% 0.7% Total 100.0% Year‐Ended December 31:Net 2018 3,385,128$        2019 5,599,982          2020 4,112,739          2021 (722,541)            12,375,308$      71 City of Brookings December 31, 2017 Notes to the Financial Statements   Sensitivity of the City's Proportionate Share of the Net Pension (Asset) Liability to Changes in the Discount Rate  The following presents the City's proportionate share of net pension (asset) liability at June 30, 2017 calculated using  the discount rate of 6.50%, as well as what the City's proportionate share of the net pension (asset) liability would be if  it were calculated using a discount rate that is one percentage point lower (5.50%) or one percentage point higher  (7.50%) than the current rate:          Pension Plan Fiduciary Net Position  Detailed information about the plan's fiduciary net position is available in the separately issued SDRS financial report.    17.     OTHER POSTEMPLOYMENT BENEFITS    Plan Description:  The City, under the authority of SDCL 9‐14‐35 and SDCL 6‐1‐16, operates three single‐employer  defined benefit healthcare plans: City General, Brookings Municipal Utilities (BMU) and Brookings Health System (BHS or  Health System).  Each plan provides medical benefits to eligible employees and their spouses.  The City General and  BMU plans are self‐funded plans reported as an internal service fund of the City which is included within the scope of  this report; therefore, they do not issue a stand‐alone financial report nor are they included in the report of another  entity.  The Brookings Health System Plan is also self‐funded and reported as an internal service fund within the Health  System fund within this report therefore, no stand‐alone financial report is issued for the Plan.       City General  For current and retired City General employees hired before January 1, 2010, the City pays 50% of the cost of premiums.   Also, the rates being paid by retirees for benefits are typically lower than those had the retirees been rated as a  separate group.  The difference between these amounts is the implicit rate subsidy, which is considered other post‐ employment benefits in addition to the portion of premiums paid by the City for retired City General employees.   Benefit provisions for City General employees represented by a collective bargaining agreement are established and  amended through collective bargaining with the recognized bargaining agent for each group.  Benefits and eligibility for  administrators and those not covered by a collective bargaining agreement are established and amended by the City  Council.      Brookings Municipal Utilities  BMU retirees are required to pay 100% of the premiums charged to active employees.  Similar to City General  employees, as the rates being paid by retirees for benefits are typically lower than those had the retirees been rated as  a separate group, the difference between these amounts is the implicit rate subsidy, which is considered other post‐ employment benefits.  Additionally, BMU pays $100 per month to certain qualified BMU retirees for health insurance  premiums.  Benefit provisions for BMU employees represented by a collective bargaining agreement are established and  amended through collective bargaining with the recognized bargaining agent for each group.  Benefits and eligibility for  administrators and those not covered by a collective bargaining agreement are established and amended by Municipal  Utilities Board.      Brookings Health System  Retirees of BHS are required to pay 100% of the premiums charged to active employees.  As the rates being paid by  retirees for benefits are typically lower than those had the retirees been rated as a separate group, the difference  between these amounts is the implicit rate subsidy, which is considered other post‐employment benefits.  Benefits  provisions for BHS employees are established and amended by the Health System Board of Directors.    Funding Policy:  At this time the City operates all plans on a pay‐as‐you‐go basis.  For fiscal year 2017 the City  contributed approximately $305,000, all for current premiums (or 54.0% of the total premiums), and plan participants  Current  1% Decrease Discount Rate 1% Increase (5.50%) (6.50%) (7.50%) City's proportionate share       of the net pension (asset) liability 29,832,912$    (162,889)$    (24,589,224)$   72 City of Brookings December 31, 2017 Notes to the Financial Statements contributed approximately $260,000 (or 46.0% of total premiums) through required contributions ranging from $269.93  to $1,702.35 per month for coverage.      Annual OPEB Cost and Net OPEB Obligation:  The City’s annual other postemployment benefit (OPEB) cost (expense) is  calculated based on the annual required contribution (ARC), an amount actuarially determined in accordance with the  parameters of GASB Statement 45.  The ARC represents a level of funding that, if paid on an ongoing basis is projected  to cover normal cost each year and amortize any unfunded actuarial liabilities over a period not to exceed thirty years.   The following table shows the components of the City’s annual OPEB cost for the year, the amount actually paid from  the plan, and changes in the City’s net OPEB obligation.        The City’s annual OPEB cost, the percentage of annual OPEB cost contributed to the plan, and the net OPEB obligation  for 2017 and the preceding two years were as follows:         City BMU Health   General  Funds  System Fund Annual  required  contribution 242,568$            121,307$         108,385$             Interest on net OPEB obilgation 45,120                14,597             16,058                 Adjustment to annual required  contribution (51,920)               (16,797)           (18,478)                  Annual  OPEB  cost (expense)235,768              119,107           105,965               Contributions  made (167,112)             (94,991)           (43,390)                Change  in net OPEB obligation 68,656                24,116             62,575                 OPEB obligation at beginning of ye ar 1,504,010           486,577           538,175               OPEB obligation at end of year 1,572,666$         510,693$         600,750$             Percenta ge Fiscal of Annual Net Year Annual OPEB Cost OBEB Ended OPEB Cost Contributed Obligation City General  12/31/2017 235,768$      70.88% 1,572,666$     12/31/2016 234,777        56.55% 1,504,010       12/31/2015 337,745        57.85% 1,402,003       BMU Funds 12/31/2017 119,107        79.75% 510,693          12/31/2016 118,800        70.14% 486,577          12/31/2015 120,915        90.72% 451,107          Health System Fund 12/31/2017 105,965        40.95% 600,750          12/31/2016 105,781        34.20% 538,175          12/31/2015 99,816          30.27% 468,575          73 City of Brookings December 31, 2017 Notes to the Financial Statements As of January 1, 2016, the most recent actuarial valuation date, the City’s actuarial value of assets, actuarial liability for  benefits, unfunded actuarial accrued liability, covered payroll, and unfunded accrual liability as a percentage of covered  payroll is as follows:                          Actuarial valuation of an ongoing plan involves estimates of the value of reported amounts and assumptions about the  probability of occurrence of events far into the future.  Examples include assumptions about future employment,  mortality, and the health care cost trend.  Amounts determined regarding the funded status of the plan and the annual  required contributions of the employer are subject to continual revision as actual results are compared with past  expectations and new estimates are made about the future.  The schedule of funding progress, presented as required  supplementary information following the notes to the financial statements, will present multi‐year trend information  about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued  liabilities for benefits.    Actuarial Methods and Assumptions:  Projections of benefits for financial reporting purposes are based on the  substantive plan (the plan as understood by the employer and the plan members) and include the types of benefits  provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and  plan members to that point.  The actuarial methods and assumptions used include techniques that are designed to  reduce the effects of short‐term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with  the long‐term perspective of the calculations.     In the January 1, 2016 actuarial valuation, the Projected Unit Credit Actuarial Cost Method was used.  The actuarial  assumptions included a discount rate of 3.00%.  The annual healthcare cost trend rate for Brookings Health System is  5.1% initially, with annual healthcare cost trend rates ranging from 4.1% to 9.0%; and for City General and Brookings  Municipal Utilities 7.1% initially, with cost trend rates ranging from 4.1% to 7.1%.  The rates include a 2.3% inflation  assumption.  The UAAL is being amortized as a level percentage of projected payrolls over an open period of 30 years.   As the City is operating on a pay‐as‐you‐go basis, the funded status is zero percent.    18.        COMMITMENTS AND CONTINGENCIES    The City participates in a number of federally assisted grant programs.  Federal financial assistance programs are subject  to financial and compliance audits.  The amount of expenditures, if any, which may be disallowed by the granting  agencies is not determinable at this time; however, City officials do not believe that such amounts would be significant.    The City is a defendant in a number of lawsuits and claims in its normal course of operations.  Management is currently  of the opinion that ultimate settlement of such lawsuits and claims will not have a materially adverse effect on the  financial statements.    The health care industry is subject to numerous laws and regulations of federal, state, and local governments.   Compliance with these laws and regulations, specifically those relating to the Medicare and Medicaid programs, can be  subject to government review and interpretation, as well as regulatory actions unknown and unasserted at this time.   Federal government activity has increased with respect to investigations and allegations concerning possible violations  by health care providers of regulations, which could result in the imposition of significant fines and penalties, as well as  significant repayments of previously billed and collected revenues from patient services.  Management believes that the  Health System is in substantial compliance with current laws and regulations.    Actuarial Unfunded Accrued Actuarial UAAL as a Actuarial Liability Accrued Percentage Value of (Unit Credit Liability Funded Covered of Covered Assets Cost Method) (UAAL) Ratio Payroll Payroll (a) (b) (b‐a) (a/b) (c) [(b‐a)/c] City General  Funds ‐$       2,534,066$  2,534,066$ 0% 7,654,450$       33% Brookings Municipal  Utilities Funds ‐          1,409,853     1,409,853    0% 9,649,600          15% Brookings Health System Fund ‐          1,116,774     1,116,774    0% 16,764,400       7% 74 City of Brookings December 31, 2017 Notes to the Financial Statements 19.      TAX ABATEMENTS  As of December 31, 2017 the City provides sales tax incentives programs with one company under the authority of the  South Dakota Codified Law 10‐52A‐2.  Under this statute the City may make grants based upon sales tax receipts.  These  programs are considered tax abatements in accordance with the provisions of GASB Statement No. 77.    In 2014 the City Council entered into an agreement with 3M Industries to refund a portion of the sales tax paid for  construction on improvements to the 3M plant.  The City will reimburse 3M three‐fourths (3/4) of the City sales and use  tax paid on equipment purchases not to exceed $775,500.  Refunds are obtained through application by 3M, including  proof that the City tax was paid.  Upon receipt, review and approval of the documentation, the City refunds 3M the City  sales and use tax paid.                      20.      INVESTMENT IN JOINT VENTURE    The Health System is a 50% investor in Avera Home Medical Equipment of Brookings, LLC.  This investment is included in  other assets on the statement of net position.  Based on the Health System’s ownership percentage, the joint venture  investment and allocated earnings for the year ended December 31, 2017 are as follows:              21.      RISK MANAGEMENT    The City is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and  omissions; injuries to employees; and natural disasters.  During the period ended December 31, 2017, the City managed its  risks as follows:  Employee Health Insurance  The City is exposed to various risks of loss related to employees.  During the fiscal year 1997, the City of Brookings (City  General and BMU) established a Medical Self Insurance Fund (an internal service fund) to account for and finance its  health risks of loss.  Under this program, the Medical Self Insurance Fund pays the first $75,000 per person and is reinsured  for any remaining loss for that person.  The Plan also has aggregate stop loss coverage for the group which pays 100% of  the group’s claims beyond the aggregate limits (125% of expected claims).  Settled claims resulting from these risks have  not exceeded the liability coverage in any of the past three fiscal years.  During 2017, $2,466,837 was paid in claims, net of  any stop loss reimbursements.  The Brookings Health System has historically insured the healthcare benefits of its employees under an indemnity plan.   Effective January 1, 2017, the Health System became self‐funded for health benefits for eligible employees and their  dependents.  The Health System, in connection with this plan, recognizes health benefit expenses on an accrual basis.  An  accrued liability is recorded at year‐end which estimates the incurred by not reported claims that will be paid by the Plan.   The Plan has stop loss insurance to cover catastrophic claims in excess of $40,000 per covered person and an annual  aggregate limit of $1,000,000 for the plan year ended December 31, 2017.    The Health System expenses amounts representing the employer’s portion of actual claims paid, adjusted for the  estimates of liabilities relating to claims resulted from services provided prior to the year‐end not to exceed the annual  Amount of  Taxes Refunded Tax Abatement Program during 2017 Sales Tax  Refund: 3M Industries 139,809$                 Investment Share of Income Avera Home  Medical  Equpment  of Brookings, LLC 210,082$            129,053$                       75 City of Brookings December 31, 2017 Notes to the Financial Statements aggregate expense.  The estimated liability of $160,000 as of December 31, 2017 is included in payroll taxes and other  accrued expenses in the financial statements.  These amounts have been estimated based on historical trends and  actuarial analysis.  Changes in the balance of claims liabilities during the past year are as follows:          Current Year         Claims and      Beginning  Changes in  Claim          Ending   Year    Liability_      Estimates_              Payments             Liability   2017  $       ‐   $1,521,149            $(1,361,149)        $160,000       Property and Liability Insurance  The City purchases insurance coverage for its boilers, equipment, and property from a commercial insurance carrier.  The  deductible for this coverage is $5,000.    The City joined the South Dakota Public Assurance Alliance (SDPAA), a public entity risk pool currently operating as a  common risk management and insurance program for South Dakota local government entities.  The objective of the  SDPAA is to administer and provide risk management services and risk sharing facilities to the members and to defend and  protect the members against liability, to advise members on loss control guidelines and procedures, and provide them  with risk management services, loss control and risk reduction information and to obtain lower costs for that coverage.   The City's responsibility is to promptly report to and cooperate with the SDPAA to resolve any incident which could result  in a claim being made by or against the City.  The City pays an annual premium to the pool to provide coverage for  governmental general liability, official’s liability, automobile liability, automobile physical damage, and law enforcement  liability.  The agreement with the South Dakota Public Assurance Alliance provides that the above coverages will be provided to a  $6,000,000 limit for general liability and automobile liability; a $3,000,000 limit for official’s liability and law enforcement  liability.  Member premiums are used by the pool for payment of claims and to pay for reinsurance for claims in excess of  $250,000 to the upper limit.  A portion of the member premiums are also allocated to a cumulative reserve fund.  The City  would be eligible to receive a refund for a percentage of the amount allocated to the cumulative reserve fund on the  following basis:  End of Municipality’s First Full Year     50%  End of Municipality’s Second Full Year     60%  End of Municipality’s Third Full Year     70%  End of Municipality’s Fourth Full Year     80%  End of Municipality’s Fifth Full Year     90%  End of Municipality’s Sixth Full Year and Thereafter  100%     As of December 31, 2017, the Municipality has a vested balance in the cumulative reserve fund of $355,852.  The City carries a $1,000 deductible for the automobile physical damage.  The City does not carry additional insurance to cover claims in excess of the upper limit.  Settled claims resulting from  these risks have not exceeded the liability coverage during the past three years.  The Health System has malpractice insurance coverage to provide protection for professional liability losses on a claims‐ made basis subject to a limit of $1 million per claim and an annual aggregate limit of $3 million.  Should the claims‐made  policy not be renewed or replaced with equivalent insurance, claims based on occurrences during the term, but reported  subsequently, will be uninsured.  The Health System is also insured under an occurrence based excess umbrella policy with  a limit of $3 million.    76 City of Brookings December 31, 2017 Notes to the Financial Statements Workers’ Compensation  The City joined the South Dakota Municipal League Worker’s Compensation Fund, a public entity risk pool currently  operating as a common risk management and insurance program for South Dakota local government entities.  The City  pays an annual premium to the pool to provide worker’s compensation coverage for its employees.  Coverage limits are  set by state statute.  The pool pays the first $325,000 of any claim per individual.  The pool has statutory coverage.  The City does not carry additional insurance to cover claims in excess of the upper limit.  Settled claims resulting from  these risks have not exceeded the liability coverage during the past three years.  Unemployment Benefits  The City has elected to be self‐insured and retain all risk for liabilities resulting from claims for unemployment benefits.  Unemployment claims are charged back to the appropriate department and are paid as they occur.    During the year ended December 31, 2017, 2 claims were filed for unemployment benefits.  These claims resulted in the  payment of benefits in the amount of $4,120.    22.      EXCESS OF EXPENDITURES OVER APPROPRIATIONS    The following funds had expenditures for which there were no appropriations:      Swiftel Fund                    $     160,526              *Through the City Council approved capital improvement plan and budget, the Swiftel Center financed the  purchase of a new scoreboard for $294, 600.  The total expense and corresponding proceeds from debt were  recognized on the financial statements.  The current portion due was included in the original budget, however,  a formal amendment was not made to the budget to adjust for the accounting requirements.      TIF 6 Digester Capital Project Fund  $      65,633   *Through litigation, the City was declared responsible for certain additional project expenses incurred over the  past 2 years.  The amount was not determinable until after year end and the City was not able to make a formal  budget amendment.        23.      SUBSEQUENT EVENTS    Subsequent to year‐end, the Health System purchased a medical clinic building adjacent to the hospital campus for  approximately $41.4 million.    Subsequent to year‐end, the Health System began operating the Brookings Health System Investment Authority, a not‐for‐ profit Type1 Supporting Organization, to support Brookings Health System.  The Investments Authority is controlled by the  Brookings Health System and will be reported as a blended component unit of the Health System in 2018.  77 City of Brookings Year Ended December 31, 2017 Required Supplementary Information ‐ Schedule of Funding Progress for Postemployment Benefit Plans City General Fund Actuarial Unfunded Accrued Actuarial UAAL as a Actuarial Liability Accrued Percentage Actuarial Value of (Unit Credit Liability Funded Covered of Covered Valuation Assets Cost Method) (UAAL)Ratio Payroll Payroll Date (a)(b)(b‐a)(a/b)(c)[(b‐a)/c] January 1, 2012 ‐$                       3,079,499$              3,079,499$           0%6,540,860$           47% January 1, 2014 ‐                         3,143,217                3,143,217              0%7,004,859             45% January 1, 2016 ‐                         2,534,066                2,534,066              0%7,654,450             33% Brookings Municipal Utilities Funds Actuarial Unfunded Accrued Actuarial UAAL as a Actuarial Liability Accrued Percentage Actuarial Value of (Unit Credit Liability Funded Covered of Covered Valuation Assets Cost Method) (UAAL)Ratio Payroll Payroll Date (a)(b)(b‐a)(a/b)(c)[(b‐a)/c] January 1, 2012 ‐$                       1,392,070$             1,392,070$          0%9,035,740$           15% January 1, 2014 ‐                         1,536,714                1,536,714            0%9,311,986            17% January 1, 2016 ‐                         1,409,853                1,409,853            0%9,649,600            15% Actuarial Unfunded Accrued Actuarial UAAL as a Actuarial Liability Accrued Percentage Actuarial Value of (Unit Credit Liability Funded Covered of Covered Valuation Assets Cost Method) (UAAL)Ratio Payroll Payroll Date (a)(b)(b‐a)(a/b)(c)[(b‐a)/c] January 1, 2012 ‐$                       1,088,282$             1,088,282$          0%13,501,040$         8% January 1, 2014 ‐                         1,086,409                1,086,409            0%15,845,473          7% January 1, 2016 ‐                         1,116,774                1,116,774            0%16,764,400          7% Brookings Health System Fund 78 City of Brookings Year Ended December 31, 2017 Required Supplementary Information ‐ Schedule of Pension Contributions 2017 2016 2015 2014 Statutorily required contribution 2,235,945    2,096,488$     2,069,087$     2,010,973$      Contributions in relation to the  statutorily required contribution 2,235,945    2,096,488$     2,069,087$     2,010,973$      Contribution deficiency (excess)‐$               ‐$                 ‐$                  ‐$                  City's covered payroll 35,680,103  34,066,020$   32,960,950$   32,580,616$     Contributions as a percentage of  covered payroll 6.27%6.15%6.28%6.17% Note to Schedule: South Dakota Retirement System This schedule is presented to illustrate the requirement to show information for 10 years.  However, until a full 10‐year  trend is compiled, the City will present information for those years for which information is available.  Data reported is  as of the calendar year end. 79 City of Brookings Year Ended December 31, 2017 Required Supplementary Information ‐ Schedule of Proportionate Share of Net Pension (Asset) Liability 2017 2016 2015 2014 City's proportion of the net pension (asset) liability 1.79% 1.85%1.87%1.90% City's proportionate share of net  pension (asset) liability *(162,889)        6,257,168$      (7,930,006)$     (13,709,855)$     City's covered payroll 34,849,490    33,668,846$    32,688,130$    32,786,489$      City's proportionate share of the net pension (asset) liability as a percentage  of its covered payroll 0.47% 18.58% 24.26% 41.82% Plan fiduciary net position as a  percentage of the total pension liability 100.10% 96.89% 104.10% 107.30% Notes to the Schedule: *The amounts presented for each fiscal year were determined as of the measurement date of the collective net pension  (asset) liability which is June 30. This schedule is presented to illustrate the requirement to show information for 10 years.  However, until a full 10‐year  trend is compiled, the City will present information for those years for which information is available.  Data reported is  measured as of measurement date. South Dakota Retirement System 80 City of Brookings  December 31, 2017    Required Supplementary Information   Notes to Required Supplementary Information – Changes of Pension Terms and Assumptions  Change of Benefit Terms    Legislation enacted in 2017 modified the SDRS Cost‐of‐Living Adjustment (COLA).  For COLAs first  applicable in 2018, the SDRS COLA will equal the percentage increase in the most recent third calendar  quarter CPI‐W over the prior year, no less than .05% and no greater than 3.5%.  However, if the FVFR  assuming the long‐term COLA is equal to the baseline COLA assumption (currently 2.25%) is less than  100%, the maximum COLA payable will be limited to the increase that if assumed on a long‐term basis,  results in a FVFR equal to or exceeding 100%.  That condition exists this year and limits the maximum  COLA payable in 2018 to 1.89%    Legislation was also enacted in 2017 to:   Modify the definition of Compensation to clarify included and excluded items,   Expand the caps on increases in Compensation considered in Final Average Compensation,   Extent the Final Average Compensation period from the current three years to five years for  Foundation Members after a phase‐in period, and   Limit Compensation to the Internal Revenue Code Section 401(a)(17) limits for all Members,  regardless of date of entry into SDRS.    The changes in benefit provisions reduced the Actuarial Accrued Liability by $567 Million, or 5.0% of the  initial Actuarial Accrued Liability, before considering the reduction in maximum COLA payable in 2018 and  assumed to be payable for future years.  Based on the Fair Value of Assets at June 30, 2017, the maximum  2018 SDRS COLA will be limited to 1.89%.  Future years’ COLAs are assumed to equal the current  maximum limitation.  The change in Actuarial Accrued Liability caused by assuming the current restricted  maximum COLA remains in effect is reflected in the impact of the actuarial assumption changes.    Change of Assumptions    As a result of an experience analysis covering the period from July 1, 2011 to June 30, 2016, significant  changes to the actuarial assumptions were recommended by the SDRS Senior Actuary and adopted by the  Board of Trustees first effective for this June 30, 2017 Actuarial Valuation.  The changes to economic  assumptions were very significant, and included reducing the inflation assumption to 2.25%m reducing  the investment return assumption to 6.5% and reducing the payroll growth assumption to 3.00%.  The  demographic assumption changes were less impactful.  Among those changes were new mortality  assumptions, updated retirement, termination and disability rates and updated salary increase  assumptions.    The changes in actuarial assumptions increased the Actuarial Accrued Liability by $1.265 billion, or 11.1%  of the initial Actuarial Accrued Liability, before reflecting the current and assumed future restricted  maximum COLA. Assuming future COLAs restrictions remain at the current 1.89% reduced the Actuarial  Accrued Liability by $445 Million, or 3.9% of the initial Actuarial Accrued Liability.  The net impact of all  the assumption changes reflected in the June 30, 2017 Actuarial Valuation is an increase of $820 million in  the Actuarial Accrued Liability, which is a net increase of 7.2% of the initial Actuarial Accrued Liability.    Actuarial assumptions are reviewed in depth periodically, with the next experience analysis anticipated  before the June 30, 2022 Actuarial Valuation and any recommended changes anticipated to be first  implemented in the June 30, 2022 Actuarial Valuation.    81 City of Brookings Year Ended December 31, 2017 Required Supplementary Information ‐ Budgetary Comparison Schedule ‐ General Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Taxes:    General property taxes 3,070,000$                     3,070,000$                     3,011,466$                            (58,534)$                            General sales and use taxes 6,428,000                      6,428,000                      6,642,103                               214,103                              Amusement taxes 1,500                               1,500                               1,536                                      36                                        Penalties and interest on delinquent taxes 3,650                               3,650                               3,480                                      (170)                                  Licenses and permits 272,200                          272,200                          268,969                                  (3,231)                               Intergovernmental revenue:    Federal grants 49,664                            62,304                            47,075                                    (15,229)                               State grants 1,500                               57,537                            56,537                                    (1,000)                                  State shared revenues 575,000                          575,000                          515,294                                  (59,706)                               County shared revenues 206,500                          206,500                          205,963                                  (537)                                  Charges for goods and services:    Public safety 9,500                               9,500                               6,509                                      (2,991)                                  Public works 225                                  225                                  1,350                                      1,125                                   Health and welfare 8,800                               8,800                               8,535                                      (265)                                     Culture and recreation 399,833                          399,833                          422,261                                  22,428                             Fines and forfeits 91,060                            91,060                            89,604                                    (1,456)                               Miscellaneous revenue:    Interest earned 122,000                          122,000                          74,147                                    (47,853)                               Rentals 88,835                            88,835                            93,598                                    4,763                                   Contributions and donations from private sources 70,000                            134,780                          129,086                                  (5,694)                                  Liquor Operating Agreement 644,650                          644,650                          680,462                                  35,812                                Other 482,466                          487,356                          626,269                                 138,913                                    Total revenues 12,525,383                    12,663,730                    12,884,244                           220,514                           EXPENDITURES General government:    Legislative 146,288                          146,288                          96,419                                    49,869                                Contingency 250,000                          171,184                          ‐                                          171,184                              Executive 802,174                          816,960                          730,064                                  86,896                                Financial administration 704,599                          704,596                          651,134                                  53,462                                Other 1,223,439                      1,285,479                      1,159,306                               126,173                           Public safety:    Police 3,348,918                      3,438,225                      3,412,915                               25,310                                Fire 629,942                          635,433                          603,075                                  32,358                                Other protection 93,265                            93,265                            93,265                                    ‐                                    Public works:    Community development 620,120                          640,120                          549,082                                  91,038                                Engineer 616,919                          636,974                          608,882                                  28,092                                Highways and streets 2,605,605                      2,757,781                      2,457,645                               300,136                           Health and welfare:    Animal control 107,547                          107,547                          96,106                                    11,441                             Culture and recreation:    Recreation 747,221                          832,671                          729,127                                  103,544                              Parks 2,983,462                      3,118,363                      2,583,533                               534,830                              Libraries 1,124,443                      1,145,258                      1,107,752                              37,506                                      Total expenditures 16,003,942                    16,530,144                    14,878,305                           1,651,839                                Deficiency of revenues             over expenditures (3,478,559)                     (3,866,414)                     (1,994,061)                            1,872,353                       OTHER FINANCING SOURCES (USES) Transfers in 3,328,987                      3,328,987                      3,329,787                               800                                   Transfers out (242,963)                        (325,525)                        (325,349)                                 176                                   Sale of capital assets 20,000                            20,000                            58,830                                   38,830                                      Total other financing sources 3,106,024                      3,023,462                      3,063,268                              39,806                                      Net change in fund balances (372,535)                        (842,952)                        1,069,207                               1,912,159                       Fund balances ‐ beginning 14,672,159                    14,672,159                    14,672,159                           ‐                                   Fund balances ‐ ending 14,299,624$                   13,829,207$                   15,741,366$                          1,912,159$                      82 City of Brookings Year Ended December 31, 2017 Required Supplementary Information ‐ Budgetary Comparison Schedule ‐ 75% Sales & Use Tax Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Taxes:    General sales and use taxes 4,866,462$             4,866,462$          4,972,894$                   106,432$                            Grant revenue ‐                          1,051,388             ‐                                 (1,051,388)                      Miscellaneous revenue:    Interest income 20,000                    20,000                  15,615                          (4,385)                                  Contributions and donations from private sources ‐                          333,500                352,887                        19,387                                      Total revenues 4,886,462              6,271,350            5,341,396                    (929,954)                         EXPENDITURES General government:    Other ‐                              48,000                 48,000                          ‐                                    Public works     Highways and streets 2,022,500              1,175,714            1,165,490                    10,224                             Health and welfare    Hospital 50,000                    50,000                 50,000                          ‐                                    Culture and recreation:    Aduitorium 100,000                 100,000               502,247                       (402,247)                            Historical preservation 175,000                 553,046               469,098                       83,948                             Conservation and development    Economic development 802,500                 6,302,500            5,819,929                    482,571                           Debt Service    Principal 1,877,326              1,877,326            1,977,326                    (100,000)                            Interest 519,428                 519,428               518,723                       705                                           Total expenditures 5,546,754              10,626,014          10,550,813                  75,201                                      Deficiency of revenues             under expenditures (660,292)                (4,354,664)           (5,209,417)                   (854,753)                         OTHER FINANCING SOURCES (USES) Transfers in 511,385                 1,713,909            1,602,523                    (111,386)                         Transfers out (945,975)                (3,209,975)           (2,326,157)                   883,818                           Debt Proceeds ‐                          5,500,000            5,900,000                    400,000                                    Total other financing sources (uses)(434,590)                4,003,934            5,176,366                    1,172,432                                Net change in fund balances (1,094,882)             (350,730)              (33,051)                        317,679                           Fund balances ‐ beginning 1,834,174              1,834,174            1,834,174                    ‐                                   Fund balances ‐ ending 739,292$               1,483,444$          1,801,123$                   317,679$                         83 City of Brookings  December 31, 2017    Required Supplementary Information   Notes to Required Supplementary Information – Budgetary Reporting    The City follows these procedures in establishing the budgetary data reflected in the financial statements.    1. At the first regular Council meeting in September of each year or within ten days thereafter, the  governing board introduces the annual appropriation ordinance for the ensuing fiscal year.    2. After adoption by the governing board, the operating budget is legally binding and actual  expenditures for each purpose cannot exceed the amounts budgeted, except as indicated in  number 4.    3. A line item for contingencies may be included in the annual budget.  Such a line item may not  exceed 5 percent of the total municipal budget and may be transferred by resolution of the  governing board to any other budget category that is deemed insufficient during the year.    4. If it is determined during the year that sufficient amounts have not been budgeted, state statute  allows the adoption of supplemental budgets.     5. Unexpended appropriations lapse at year‐end unless encumbered by resolution of the governing  board.    6. Formal budgetary integration is employed as a management control device during the year for  the General Fund and special revenue funds and capital projects funds.    7. The Budgetary Comparison Schedules have been prepared on the modified accrual basis of  accounting.  The Budgetary Comparison Schedule presents expenditures for capital outlay and  debt service purposes within each function.          84 Combining Balance Sheet ‐ Nonmajor Governmental Funds Special Debt Capital  Revenue Service Project Funds Funds Funds Total ASSETS   Cash and cash equivalents 5,873,208$           ‐    $                         2,935,762$              8,808,970$                 Investments‐CDs 111,286                ‐                           56,816                      168,102                       Investments 923,977                ‐                           497,221                   1,421,198                   Restricted cash and cash equivalents ‐                         264,492                   ‐                                264,492                      Receivables, (net of allowances for      uncollectibles, if any):         Accounts 90,687                   ‐                           ‐                                90,687                              Storm drainage fees 1,424                     ‐                           ‐                                1,424                                 Special assessments 861,949                ‐                           ‐                                861,949                            Interest 3,332                     ‐                           1,740                       5,072                           Due from other funds 27                          ‐                           ‐                                27                                 Due from other governments 317,390                ‐                           ‐                                317,390                      Prepaid items 22,541                   ‐                           ‐                                22,541                        Inventories 17,683                   ‐                           ‐                                17,683                               Total assets 8,223,504$           264,492$                 3,491,539$              11,979,535$             LIABILITIES   Accounts payable 716,261$              ‐$                         827,028$                 1,543,289$                  Retainage payable ‐                             ‐                               1,000                       1,000                           Due to other funds 11,063                  ‐                               23,369                     34,432                        Due to other governments 49,625                  ‐                               ‐                                49,625                        Accrued wages payable 46,922                  ‐                               ‐                                46,922                        Advance from other funds 1,114,929             584,693                  ‐                                1,699,622                   Unearned revenue 622,464                ‐                               675,863                   1,298,327                          Total liabilities 2,561,264             584,693                  1,527,260                4,673,217                 DEFERRED INFLOWS OF RESOURCES   Unavailable revenue 863,373                ‐                           ‐                                863,373                            Total deferred inflows of resources 863,373                ‐                               ‐                                863,373                    FUND BALANCES    Nonspendable 40,224                  ‐                               ‐                                40,224                         Restricted 1,145,079             219,815                  ‐                                1,364,894                    Committed 4,944,454             ‐                               ‐                                4,944,454                    Assigned ‐                             ‐                               1,992,551                1,992,551                    Unassigned (1,330,890)           (540,016)                 (28,272)                    (1,899,178)                         Total fund balances (deficit)4,798,867             (320,201)                 1,964,279                6,442,945                 Total liabilities, deferred inflows of resources     and fund balances (deficit)8,223,504$           264,492$                3,491,539$              11,979,535$             City of Brookings December 31, 2017 85 City of Brookings Year Ended December 31, 2017 Combining Statement of Revenues, Expenditures and Changes in Fund Balances ‐ Nonmajor Governmental Funds Special  Debt Capital Revenue Service Project Funds Funds Funds Total REVENUES Taxes:    Property ‐    $                         1,247,505$             ‐    $                          1,247,505$                  Storm drainage 917,714                  ‐                               ‐                                917,714                        General sales and use 2,549,134               ‐                               ‐                                2,549,134                    Other 361,246                  ‐                               ‐                                361,246                     Intergovernmental:    Federal grants 14,956                    ‐                               ‐                                14,956                          County other 96,500                    ‐                               ‐                                96,500                       Charges for goods and services:    Culture and recreation 1,867,475               ‐                               ‐                                1,867,475                 Fines and forfeits:    Fines 19,449                    ‐                               ‐                                19,449                       Miscellaneous revenue:    Interest income 21,423                    ‐                               5,173                        26,596                          Special assessments 200,653                  ‐                               ‐                                200,653                        Other 242,772                  ‐                               ‐                                242,772                              Total revenues 6,291,322               1,247,505               5,173                        7,544,000                 EXPENDITURES Current:    General government 4,933                      ‐                               ‐                                4,933                            Public safety 686,147                  ‐                               ‐                                686,147                        Public works 226,354                  ‐                               141,633                    367,987                        Culture and recreation 2,474,830               ‐                               ‐                                2,474,830                    Conservation and development 891,247                  ‐                               ‐                                891,247                     Debt service:    Principal 169,812                  281,868                  ‐                                451,680                        Interest and other charges 88,693                    72,289                    ‐                                160,982                     Capital outlay 1,657,848               ‐                               2,007,710                3,665,558                          Total expenditures 6,199,864               354,157                  2,149,343                8,703,364                            Excess (deficiency) of revenues              over (under) expenditures 91,458                    893,348                  (2,144,170)               (1,159,364)                OTHER FINANCING SOURCES (USES) Transfers in 909,950                  ‐                               3,519,966                4,429,916                 Transfers out (2,159,482)              (666,000)                 (76,001)                     (2,901,483)                Debt proceeds 294,600                  ‐                               ‐                                294,600                              Total other financing sources (uses)(954,932)                 (666,000)                 3,443,965                1,823,033                            Net change in fund balances (863,474)                 227,348                  1,299,795                663,669                     Fund balances (deficit) ‐ beginning 5,662,341               (547,549)                 664,484                    5,779,276                 Fund balances (deficit) ‐ ending 4,798,867$             (320,201)$               1,964,279$              6,442,945$               86 City of Brookings  December 31, 2017    Combining Statements – Nonmajor Special Revenue Funds      25% Sales & Use Tax Fund– to account for the revenue and expenditures of 25% of the 2nd penny sales tax.  Proceeds of this tax  are committed by the City Council to be used for capital improvements, including lease purchase agreements or realty, land  acquisition, the programmed chip sealing, street maintenance, specialized equipment, the transfer to the Enhanced 911 fund,  purchase of firefighting vehicles, public safety and equipment, and debt retirement related thereto.     Enhanced 911 Fund – to account for the per phone line surcharge assessed to customers of private phone companies operating  within Brookings County. These funds are used to defray the costs incurred by the City in providing emergency dispatch  services.    Swiftel Center Fund – to account for the operations and maintenance of the City owned facility.  Financing is provided by  revenues from events, rentals, and inter‐fund transfers.    Library Fines Fund – to account for the revenue derived from library fines and other allowed charges.  Expenditures are  authorized by the Library Board.    Special Assessment Fund – to account for the revenue and expenditures of projects that may be assessed back to the property  owner.    Storm Drainage Fund – to account for the revenue and expenditures from the storm drainage surcharge to property owners  and interfund transfers.  Proceeds of this surcharge are committed by the City Council to be used to maintain and construct  storm drainage facilities.    Bed and Booze Tax Fund – to account for the revenues and expenditures of the special one percent (1%) city gross receipts tax  on lodging, alcoholic beverages, prepared food, and admissions.  Revenues are restricted by State Law for the purpose of land  acquisition; architectural fees; construction costs; payment for civic center, auditorium, or athletic facility buildings (including  the maintenance staffing and operations of such facilities); and the promotion and advertising of the City.     Business Improvement District (BID) Fee Fund – to account for the revenues and expenditures of the $2 per night occupancy  fee charged to lodging facilities.  Revenues are committed by City Council for improvements benefiting the City and its hotels  and motels located within the District.                                            87 City of Brookings December 31, 2017 Combining Balance Sheet ‐ Nonmajor Special Revenue Funds 25% Sales Enhanced Swiftel Library & Use Tax 911 Center Fines ASSETS   Cash and cash equivalents 668,807$              83,108$                 944,137$              30,073$                   Investments‐CDs 14,798                   1,784                      ‐                         5,699                        Investments 129,498                15,608                   ‐                             ‐                              Restricted cash and cash equivalents ‐                             ‐                              ‐                             ‐                                Receivables, (net of allowances for      uncollectibles, if any):         Accounts ‐                             ‐                              73,504                  ‐                                      Storm drainage fees ‐                             ‐                              ‐                             ‐                                      Special assessments ‐                             ‐                              ‐                             ‐                                      Interest 466                       55                           ‐                             8                               Due from other funds ‐                             ‐                              27                          ‐                                Due from other governments 157,696                84,166                   ‐                             ‐                                Prepaid items ‐                             ‐                              22,541                  ‐                                Inventories ‐                             ‐                              17,683                  ‐                                        Total assets 971,265$              184,721$               1,057,892$            35,780$                  LIABILITIES    Accounts payable 30,743$                4,949$                    529,789$               208$                         Due to other funds ‐                             3,676                     6,111                     ‐                                Due to other governments ‐                             ‐                              49,625                  ‐                                Accrued wages payable ‐                             19,053                   25,640                  ‐                                Advance from other funds ‐                             ‐                              1,114,929             ‐                                Unearned revenue ‐                             ‐                              622,464                ‐                                       Total liabilities 30,743                  27,678                   2,348,558             208                         DEFERRED INFLOWS OF RESOURCES   Unavailable revenue ‐                             ‐                              ‐                             ‐                                      Total deferred inflows of resources ‐                             ‐                              ‐                             ‐                              FUND BALANCES    Nonspendable ‐                              ‐                              40,224                   ‐                                 Restricted ‐                             157,043                  ‐                             35,572                      Committed 940,522                ‐                              ‐                             ‐                                 Unassigned ‐                             ‐                              (1,330,890)            ‐                                       Total fund balances (deficit)940,522                157,043                 (1,290,666)            35,572                   Total liabilities, deferred inflows of resources     and fund balances (deficit)971,265$              184,721$               1,057,892$           35,780$                 88 City of Brookings December 31, 2017 Combining Balance Sheet ‐ Nonmajor Special Revenue Funds (continued) Special Storm Bed and BID Assessment Drainage Booze Tax Fee Total 1,487,535$              1,748,115$             736,867$                 174,566$                 5,873,208$            31,925                      37,518                     15,815                      3,747                        111,286                  279,377                   328,317                   138,392                   32,785                     923,977                 ‐                                ‐                               ‐                                ‐                                ‐                              ‐                                ‐                               ‐                                17,183                     90,687                   ‐                                1,424                       ‐                                ‐                                1,424                      861,949                   ‐                               ‐                                ‐                                861,949                 1,005                        1,181                       498                           119                           3,332                      ‐                                ‐                               ‐                                ‐                                27                           ‐                                5,477                       70,051                     ‐                                317,390                 ‐                                ‐                               ‐                                ‐                                22,541                   ‐                                ‐                               ‐                                ‐                                17,683                   2,661,791$               2,122,032$              961,623$                  228,400$                  8,223,504$             133,328$                  8,085$                     9,159$                      ‐$                          716,261$               ‐                                1,276                       ‐                                ‐                                11,063                   ‐                                ‐                               ‐                                 ‐                                49,625                   ‐                                2,229                        ‐                                 ‐                                46,922                   ‐                                 ‐                                ‐                                 ‐                                1,114,929              ‐                                ‐                               ‐                                ‐                                622,464                 133,328                   11,590                     9,159                        ‐                                2,561,264              861,949                   1,424                       ‐                                ‐                                863,373                 861,949                   1,424                       ‐                                ‐                                863,373                 ‐                                 ‐                                ‐                                 ‐                                40,224                   ‐                                 ‐                               952,464                    ‐                                1,145,079              1,666,514                2,109,018                ‐                                228,400                   4,944,454              ‐                                ‐                               ‐                                ‐                                (1,330,890)             1,666,514                2,109,018               952,464                   228,400                   4,798,867              2,661,791$              2,122,032$             961,623$                 228,400$                 8,223,504$            89 City of Brookings Year Ended December 31, 2017 Combining Statement of Revenues, Expenditures and Changes in Fund Balances ‐ Nonmajor Special Revenue Funds 25% Sales Enhanced Swiftel Library & Use Tax 911 Center Fines REVENUES Taxes:    Storm drainage ‐$                         ‐$                          ‐$                          ‐$                             General sales and use 1,634,476               ‐                                ‐                                ‐                                   Other ‐                               361,246                    ‐                                ‐                                Intergovernmental:     Federal grants 14,956                    ‐                                ‐                                ‐                                   County other ‐                               96,500                      ‐                                ‐                                Charges for goods and services:    Culture and recreation ‐                               ‐                                1,867,475                ‐                                Fines and forfeits:    Fines ‐                               ‐                                ‐                                19,449                     Miscellaneous revenue:    Interest income 5,588                      654                           ‐                                56                                Special assessments ‐                               ‐                                ‐                                ‐                                   Other ‐                               ‐                                ‐                                ‐                                         Total revenues 1,655,020               458,400                    1,867,475                19,505                     EXPENDITURES Current:    General government ‐                                ‐                                 ‐                                 ‐                                   Public safety ‐                               686,147                    ‐                                ‐                                   Public works ‐                               ‐                                ‐                                ‐                                   Culture and recreation ‐                               ‐                                2,455,426                19,404                        Conservation and development 17,476                    ‐                                ‐                                ‐                                Debt service:    Principal ‐                               ‐                                33,630                      ‐                                   Interest and other charges ‐                               ‐                                ‐                                ‐                                Capital outlay 836,282                  ‐                                429,399                    ‐                                         Total expenditures 853,758                  686,147                    2,918,455                19,404                                Excess (deficiency) of revenues              over (under) expenditures 801,262                  (227,747)                  (1,050,980)               101                           OTHER FINANCING SOURCES (USES) Transfers in ‐                               193,000                    704,950                    12,000                     Transfers out (1,704,532)              ‐                                ‐                                ‐                                Debt proceeds ‐                               ‐                                294,600                    ‐                                         Total other financing sources (uses)(1,704,532)              193,000                    999,550                    12,000                                Net change in fund balances (903,270)                 (34,747)                     (51,430)                     12,101                     Fund balances (deficit) ‐ beginning 1,843,792               191,790                    (1,239,236)               23,471                     Fund balances (deficit) ‐ ending 940,522$                157,043$                  (1,290,666)$             35,572$                   90 City of Brookings Year Ended December 31, 2017 Combining Statement of Revenues, Expenditures and Changes in Fund Balances ‐ Nonmajor Special Revenue Funds (continued) Special Storm Bed and BID Assessment Drainage Booze Tax Fee Total ‐$                      917,714$                 ‐$                          ‐$                          917,714$                  ‐                            ‐                                914,658                    ‐                                2,549,134                ‐                            ‐                                ‐                                ‐                                361,246                   ‐                            ‐                                ‐                                ‐                                14,956                     ‐                            ‐                                ‐                                ‐                                96,500                     ‐                            ‐                                ‐                                ‐                                1,867,475                ‐                            ‐                                ‐                                ‐                                19,449                     5,386                    6,321                       2,772                        646                           21,423                     200,653                ‐                                ‐                                ‐                                200,653                   ‐                            ‐                                ‐                                242,772                   242,772                   206,039                924,035                   917,430                    243,418                   6,291,322                ‐                             ‐                                 ‐                                4,933                        4,933                       ‐                             ‐                                 ‐                                 ‐                                686,147                   ‐                            226,354                    ‐                                 ‐                                226,354                   ‐                             ‐                                 ‐                                 ‐                                2,474,830                ‐                             ‐                                656,271                    217,500                   891,247                   ‐                            136,182                    ‐                                 ‐                                169,812                   ‐                            88,693                      ‐                                 ‐                                88,693                     228,590                163,577                   ‐                                ‐                                1,657,848                228,590                614,806                   656,271                    222,433                   6,199,864                (22,551)                309,229                   261,159                    20,985                     91,458                     ‐                             ‐                                 ‐                                 ‐                                909,950                   (50,000)                 ‐                                (404,950)                   ‐                                (2,159,482)               ‐                            ‐                                ‐                                ‐                                294,600                   (50,000)                ‐                                (404,950)                  ‐                                (954,932)                  (72,551)                309,229                   (143,791)                  20,985                     (863,474)                  1,739,065            1,799,789                1,096,255                207,415                   5,662,341                1,666,514$          2,109,018$              952,464$                  228,400$                 4,798,867$              91 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ 25% Sales & Use Tax Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Taxes:    General sales and use taxes 1,607,000$                     1,607,000$                     1,634,476$                            27,476$                           Intergovernmental revenue:    Federal grants ‐                                    ‐                                    14,956                                     14,956                             Miscellaneous revenue:    Interest income 4,200                              4,200                              5,588                                     1,388                                        Total revenues 1,611,200                      1,611,200                      1,655,020                              43,820                             EXPENDITURES Public safety:     Police 243,735                          256,375                          265,809                                  (9,434)     Fire 1,183,100                       133,100                          107,516                                  25,584                             Public Works     Highways and streets 452,500                          483,581                          462,957                                  20,624                             Conservation and development    Economic development 25,000                            25,000                            17,476                                   7,524                                        Total expenditures 1,904,335                      898,056                          853,758                                 44,298                                      Excess (deficiency) of revenues             over (under) expenditures (293,135)                        713,144                          801,262                                 88,118                             OTHER FINANCING USES Transfers out (210,268)                        (1,701,097)                     (1,704,532)                            (3,435)                                       Total other financing uses (210,268)                        (1,701,097)                     (1,704,532)                            (3,435)                                       Net change in fund balances 1,400,932                      (987,953)                        (903,270)                                 84,683                             Fund balances ‐ beginning 1,843,792                      1,843,792                      1,843,792                              ‐                                   Fund balances ‐ ending 3,244,724$                     855,839$                        940,522$                               84,683$                           92 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ Enhanced 911 Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Taxes:    Other taxes 357,000$                        357,000$                        361,246$                                4,246$                             Intergovernmental revenue:    County shared revenues 96,500                            96,500                            96,500                                    ‐                                    Miscellaneous revenue:    Interest income 500                                 500                                 654                                        154                                           Total revenues 454,000                          454,000                          458,400                                 4,400                               EXPENDITURES Public safety:    Other protection 720,780                          720,780                          686,147                                 34,633                                      Total expenditures 720,780                          720,780                          686,147                                 34,633                                      Deficiency of revenues             under expenditures (266,780)                        (266,780)                        (227,747)                                39,033                             OTHER FINANCING SOURCES  Transfers in 193,000                          193,000                          193,000                                 ‐                                            Total other financing sources 193,000                          193,000                          193,000                                 ‐                                            Net change in fund balances (73,780)                           (73,780)                           (34,747)                                   39,033                             Fund balances ‐ beginning 191,790                          191,790                          191,790                                 ‐                                   Fund balances ‐ ending 118,010$                        118,010$                        157,043$                               39,033$                           93 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ Swiftel Center Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Charges for goods and services:    Culture and recreation 2,052,979$                     2,052,979$                     1,867,475$                            (185,504)$                                Total revenues 2,052,979                      2,052,979                      1,867,475                              (185,504)                         EXPENDITURES Culture and recreation:    Auditoriums 2,757,929                      2,757,929                      2,884,825                               (126,896)                         Debt Service    Principal ‐                                  ‐                                  33,630                                   (33,630)                                     Total expenditures 2,757,929                      2,757,929                      2,918,455                              (160,526)                                  Deficiency of revenues             under expenditures (704,950)                        (704,950)                        (1,050,980)                            (346,030)                         OTHER FINANCING SOURCES  Transfers in 704,950                          704,950                          704,950                                  ‐                                    Debt Proceeds ‐                                  ‐                                  294,600                                 294,600                                    Total other financing sources 704,950                          704,950                          999,550                                 294,600                                    Net change in fund balances ‐                                   ‐                                   (51,430)                                   (51,430)                            Fund deficits ‐ beginning (1,239,236)                     (1,239,236)                     (1,239,236)                            ‐                                   Fund deficits ‐ ending (1,239,236)$                   (1,239,236)$                   (1,290,666)$                          (51,430)$                         94 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ Library Fines Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Fines and forfeits 25,000$                          25,000$                          19,449$                                  (5,551)$                            Miscellaneous revenue:    Interest income ‐                                  ‐                                  56                                          56                                             Total revenues 25,000                            25,000                            19,505                                   (5,495)                              EXPENDITURES Culture and recreation:    Libraries 30,000                            30,000                            19,404                                   10,596                                      Total expenditures 30,000                            30,000                            19,404                                   10,596                                      Excess (deficiency) of revenues             over (under) expenditures (5,000)                             (5,000)                             101                                        5,101                               OTHER FINANCING SOURCES  Transfers in ‐                                  12,000                            12,000                                   ‐                                            Total other financing sources ‐                                  12,000                            12,000                                   ‐                                            Net change in fund balances (5,000)                              7,000                               12,101                                    5,101                                Fund balances ‐ beginning 23,471                            23,471                            23,471                                   ‐                                   Fund balances ‐ ending 18,471$                          30,471$                          35,572$                                 5,101$                             95 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ Special Assessment Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Miscellaneous revenue:    Interest income 1,300$                            1,300$                            5,386$                                     4,086$                                Special assessments 231,736                          231,736                          200,653                                 (31,083)                                     Total revenues 233,036                          233,036                          206,039                                 (26,997)                            EXPENDITURES Public works:    Highways and streets 270,185                          1,806,759                      228,590                                 1,578,169                                Total expenditures 270,185                          1,806,759                      228,590                                 1,578,169                                Excess (deficiency) of revenues             over (under) expenditures (37,149)                           (1,573,723)                     (22,551)                                  1,551,172                       OTHER FINANCING USES Transfers out (151,265)                        (151,265)                        (50,000)                                  101,265                                    Total other financing sources (151,265)                        (151,265)                        (50,000)                                  ‐                                            Net change in fund balances (188,414)                        (1,724,988)                     (72,551)                                   1,652,437                       Fund balances ‐ beginning 1,739,065                      1,739,065                      1,739,065                              ‐                                   Fund balances ‐ ending 1,550,651$                    14,077$                          1,666,514$                           1,652,437$                     96 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ Storm Drainage Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis) (Negative) REVENUES Taxes:    Storm drainage tax 855,700$                        855,700$                        916,925$                                61,225$                              Penalties and interest on delinquent taxes 750                                  750                                  789                                         39                                     Miscellaneous revenue:    Interest income 1,300                              1,300                              6,321                                     5,021                                        Total revenues 857,750                          857,750                          924,035                                 66,285                             EXPENDITURES Public works:    Highways and streets 1,506,469                      1,506,469                      389,931                                  1,116,538                       Debt Service    Principal 136,184                          136,184                          136,182                                  2                                          Interest 88,697                            88,697                            88,693                                   4                                               Total expenditures 1,731,350                      1,731,350                      614,806                                 1,116,544                                Excess (deficiency) of revenues             over (under) expenditures (873,600)                        (873,600)                        309,229                                 1,182,829                                Net change in fund balances (873,600)                        (873,600)                        309,229                                  1,182,829                       Fund balances ‐ beginning 1,799,789                      1,799,789                      1,799,789                              ‐                                   Fund balances ‐ ending 926,189$                        926,189$                        2,109,018$                            1,182,829$                     97 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ Bed and Booze Tax Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Taxes:    General sales and use taxes 870,000$                        870,000$                        914,658$                                44,658$                           Miscellaneous revenue:    Interest income 1,500                              1,500                              2,772                                     1,272                                        Total revenues 871,500                          871,500                          917,430                                 45,930                             EXPENDITURES Conservation and development   Economic development 530,934                          710,034                          656,271                                 53,763                                      Total expenditures 530,934                          710,034                          656,271                                 53,763                                      Excess of revenues             over expenditures 340,566                          161,466                          261,159                                 99,693                             OTHER FINANCING USES Transfers out (404,950)                        (404,950)                        (404,950)                                ‐                                            Total other financing uses (404,950)                        (404,950)                        (404,950)                                ‐                                            Net change in fund balances (64,384)                           (243,484)                        (143,791)                                 99,693                             Fund balances ‐ beginning 1,096,255                      1,096,255                      1,096,255                              ‐                                   Fund balances ‐ ending 1,031,871$                     852,771$                        952,464$                               99,693$                           98 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ BID Fee Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Miscellaneous revenue:    Interest income 350$                                 350$                                 646$                                        296$                                    Occupancy fee 400,000                          400,000                          242,772                                 (157,228)                                  Total revenues 400,350                          400,350                          243,418                                 (156,932)                         EXPENDITURES General government     Financial administration 4,400                               5,400                               4,933                                      467                                   Conservation and development    Economic development 217,500                          217,500                          217,500                                 ‐                                            Total expenditures 221,900                          222,900                          222,433                                 467                                           Excess of revenues             over expenditures 178,450                          177,450                          20,985                                   (156,465)                                  Net change in fund balances 178,450                          177,450                          20,985                                    (156,465)                         Fund balances ‐ beginning 207,415                          207,415                          207,415                                 ‐                                   Fund balances ‐ ending 385,865$                        384,865$                        228,400$                               (156,465)$                       99                     100 City of Brookings  December 31, 2017    Combining Statements – Nonmajor Debt Service Funds      TIF‐1  Innovation Campus Fund – To account for the revenues and expenditures of the Tax Increment District (TID) # 1.  This TID  was created to capture the incremental tax revenue generated by development of the Innovation Campus area and to pay for  the debt incurred on the infrastructure improvements.    TIF‐3  Valley View Fund ‐ To account for the revenues and expenditures of the Tax Increment District (TID) # 3.  This TID was  created to capture the incremental tax revenue generated by development of the Valley View addition and to pay for the debt  incurred by the developer on the infrastructure improvements.  This debt is developer guaranteed.    TIF‐4  Sieler Fund ‐ To account for the revenues and expenditures of the Tax Increment District (TID) # 4.  This TID was created  to capture the incremental tax revenue generated by development of the Sieler addition and to pay for the debt incurred by  the developer on the infrastructure improvements.  This debt is developer guaranteed.    TIF‐5  32nd Ave Fund ‐ To account for the revenue and expenditures of the Tax Increment District (TID) #5.  This TID was  created to capture the incremental tax revenue generated by development of the area along 32nd Ave and to pay for the debt  incurred by the City on the infrastructure improvements.    TIF‐6  Digester Fund – To account for the revenues and expenditures of the Tax Increment District (TID) #6.  This TID was  created to capture the incremental tax revenue generated by development of the Bel Cheese plant area to pay for the debt  incurred by the City on the digester.      TIF‐7  S. Main Ave Fund – To account for the revenues and expenditures of the Tax Increment District (TID) #7.  This TID was  created to capture the incremental tax revenue generated by development around the new elementary school area to pay for  the debt incurred by the City on the infrastructure improvements.                101 City of Brookings December 31, 2017 Combining Balance Sheet ‐ Nonmajor Debt Service Funds TIF‐1 TIF‐3 Innovation Valley TIF‐4 TIF‐5 TIF‐6 TIF‐7 Campus View Sieler 32nd Ave Digester S Main Ave Total ASSETS   Restricted cash and cash equivalents 44,677$                2,516$              1,344$              67,189$               5,278$                 143,488$            264,492$                   Total assets 44,677$                2,516$              1,344$              67,189$               5,278$                 143,488$            264,492$                   LIABILITIES    Advance from other funds 584,693$              ‐$                   ‐$                   ‐$                     ‐$                     ‐$                    584,693$                   Total liabilities 584,693                ‐                        ‐                        ‐                           ‐                           ‐                          584,693                    FUND BALANCES (DEFICITS)   Restricted ‐                             2,516                1,344                67,189                5,278                   143,488             219,815                      Unassigned (540,016)               ‐                        ‐                        ‐                           ‐                           ‐                          (540,016)                            Total fund balances (deficit)(540,016)               2,516                1,344                67,189                5,278                   143,488             (320,201)                   Total liabilities and fund balances 44,677$                2,516$              1,344$              67,189$              5,278$                143,488$           264,492$                  102 City of Brookings Year Ended December 31, 2017 Combining Statement of Revenues, Expenditures and Changes in Fund Balances ‐ Nonmajor Debt Service Funds TIF‐1 TIF‐3 Innovation Valley TIF‐4 TIF‐5 TIF‐6 TIF‐7 Campus View Sieler 32nd Ave Digester S Main Ave Total REVENUES Taxes:    Property 415,040$             203,905$           78,956$               21,573$            244,543$        283,488$             1,247,505$                        Total revenues 415,040               203,905             78,956                  21,573              244,543           283,488               1,247,505                 EXPENDITURES Debt service:    Principal 28,858                  181,704             71,306                  ‐                        ‐                       ‐                            281,868                        Interest and other charges 43,729                  20,836               7,724                    ‐                        ‐                       ‐                            72,289                                Total expenditures 72,587                  202,540             79,030                  ‐                        ‐                       ‐                            354,157                                Excess (deficiency) of revenues              over expenditures 342,453               1,365                 (74)                        21,573              244,543           283,488               893,348                     OTHER FINANCING USES Transfers out ‐                            ‐                          ‐                            ‐                        (526,000)         (140,000)              (666,000)                            Total other financing uses ‐                            ‐                          ‐                            ‐                        (526,000)         (140,000)              (666,000)                              Net change in fund balances 342,453               1,365                 (74)                        21,573              (281,457)         143,488               227,348                     Fund balances (deficit) ‐ beginning (882,469)              1,151                 1,418                    45,616              286,735           ‐                            (547,549)                   Fund balances (deficit) ‐ ending (540,016)$            2,516$               1,344$                  67,189$            5,278$             143,488$             (320,201)$                 103 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ TIF 1 Innovation Campus Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Taxes:    General property taxes 448,328$                        448,328$                        415,040$                               (33,288)$                                  Total revenues 448,328                          448,328                          415,040                                 (33,288)                            EXPENDITURES Debt service    Principal 378,328                          378,328                          28,858                                    349,470                              Interest and other charges 70,000                            70,000                            43,729                                   26,271                                      Total expenditures 448,328                          448,328                          72,587                                   375,741                                    Net change in fund balances ‐                                   ‐                                   342,453                                  342,453                           Fund deficit ‐ beginning (882,469)                        (882,469)                        (882,469)                                ‐                                   Fund deficit ‐ ending (882,469)$                      (882,469)$                      (540,016)$                             342,453$                         104 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ TIF 3 Valley View Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Taxes:    General property taxes 216,832$                    216,832$                    203,905$                           (12,927)$                               Total revenues 216,832                      216,832                      203,905                             (12,927)                        EXPENDITURES Debt service    Principal 176,832                      176,832                      181,704                             (4,872)                             Interest and other charges 40,000                        40,000                        20,836                               19,164                                  Total expenditures 216,832                      216,832                      202,540                             14,292                                  Net change in fund balances ‐                               ‐                               1,365                                 1,365                           Fund balances ‐ beginning 1,151                          1,151                          1,151                                 ‐                                Fund balances ‐ ending 1,151$                        1,151$                        2,516$                               1,365$                         105 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ TIF 4 Sieler Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Taxes:    General property taxes 84,380$                          84,380$                          78,956$                                 (5,424)$                                     Total revenues 84,380                            84,380                            78,956                                   (5,424)                              EXPENDITURES Debt service    Principal 64,380                            64,380                            71,306                                    (6,926)                                  Interest and other charges 20,000                            20,000                            7,724                                     12,276                                      Total expenditures 84,380                            84,380                            79,030                                   5,350                                        Net change in fund balances ‐                                   ‐                                   (74)                                          (74)                                    Fund balances ‐ beginning 1,418                              1,418                              1,418                                     ‐                                   Fund balances ‐ ending 1,418$                            1,418$                            1,344$                                   (74)$                                 106 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ TIF 5 32nd Ave Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Taxes:    General property taxes 16,130$                          16,130$                               21,573$                                 5,443$                                      Total revenues 16,130                            16,130                                 21,573                                   5,443                               EXPENDITURES Debt service    Principal 6,130                               6,130                                    ‐                                           6,130                                   Interest and other charges 10,000                            10,000                                 ‐                                          10,000                                      Total expenditures 16,130                            16,130                                 ‐                                         10,000                                      Net change in fund balances ‐                                   ‐                                        21,573                                    21,573                             Fund balances ‐ beginning 45,616                            45,616                                 45,616                                   ‐                                   Fund balances ‐ ending 45,616$                          45,616$                               67,189$                                 21,573$                           107 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ TIF 6 Digester Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Taxes:    General property taxes 260,120$                        260,120$                        244,543$                               (15,577)$                                  Total revenues 260,120                          260,120                          244,543                                 (15,577)                            OTHER FINANCING SOURCES (USES) Transfers out (260,120)                        (536,120)                        (526,000)                                10,120                                      Total other financing uses (260,120)                        (536,120)                        (526,000)                                10,120                                      Net change in fund balances ‐                                   (276,000)                        (281,457)                                 (5,457)                               Fund balances ‐ beginning 286,735                          286,735                          286,735                                 ‐                                   Fund balances ‐ ending 286,735$                        10,735$                          5,278$                                   (5,457)$                            108 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ TIF 7 South Main Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Taxes:    General property taxes 100,000$                        100,000$                        283,488$                               183,488$                                  Total revenues 100,000                          100,000                          283,488                                 183,488                           OTHER FINANCING SOURCES (USES) Transfers out (100,000)                        (140,000)                        (140,000)                                ‐                                            Total other financing uses (100,000)                        (140,000)                        (140,000)                                ‐                                            Net change in fund balances ‐                                   (40,000)                           143,488                                  183,488                           Fund balances ‐ beginning ‐                                  ‐                                  ‐                                         ‐                                   Fund balances ‐ ending ‐    $                                (40,000)$                        143,488$                               183,488$                         109 City of Brookings  December 31, 2017    Combining Statements – Nonmajor Capital Project Funds    Fire Substation Fund – to account for the resources received and expenditures to construct the fire substation to be located on  S. Main St. adjacent to the new elementary school.     Dakota Nature Park Fund ‐ to account for the resources received and expenditures to construct the nature park facility.  The  park includes trails, ponds for fishing and recreation, and a Nature Center.  Resources are derived from private donations and  grants.     Gateway Project Fund ‐ to account for the resources received and expenditures to purchase and put in place stone signage  throughout the City identifying various parks and entrances to the City.  Resources are derived mainly from private donations.    TIF‐6 Digester Fund – to account for the resources and expenditures to construct a digester to treat the waste water generated  from the Bel Brands Cheese Plant.  Resources are derived from grants and debt financing.    TIF‐7 South Main Fund ‐ to account for the resources and expenditures to design and construct the streets and infrastructure  surrounding the new grade school.     Street Maintenance Shop Fund ‐ to account for the resources and expenditures to design and construct the new street  department shop.      110 City of Brookings December 31, 2017 Combining Balance Sheet ‐ Nonmajor Capital Project Funds Dakota Fire Nature Gateway TIF 6 TIF 7 Street Substation Park Project Digester S Main Shop Total ASSETS   Cash and cash equivalents 288,465$        ‐    $                    741,185$         72,303$             1,833,809$     ‐    $             2,935,762$           Investments‐CDs ‐                       ‐                          15,907              1,552                 39,357            56,816                   Investments 139,204           13,606               344,411          497,221               Receivables, (net of allowances for    uncollectibles, if any):         Interest ‐                       ‐                          501                   ‐                         1,239              ‐                    1,740                    Total assets 288,465$        ‐$                    896,797$          87,461$             2,218,816$     ‐$              3,491,539$          LIABILITIES    Accounts payable 163,577$        ‐$                    547,718$          115,733$           ‐$                 ‐$              827,028$               Retainage payable 1,000              ‐                          ‐                        ‐                         ‐                       ‐                    1,000                      Due to other funds ‐                       ‐                          23,369              ‐                         ‐                       ‐                    23,369                   Deferred revenue ‐                       ‐                          ‐                        ‐                         675,863          ‐                    675,863               Total liabilities 164,577          ‐                          571,087           115,733             675,863          ‐                    1,527,260           FUND BALANCES    Assigned 123,888          ‐                          325,710           ‐                         1,542,953       ‐                    1,992,551              Unassigned ‐                       ‐                          ‐                        (28,272)             ‐                       ‐                    (28,272)                         Total fund balances 123,888          ‐                          325,710           (28,272)             1,542,953       ‐                    1,964,279           Total liabilities and fund balances 288,465$        ‐    $                    896,797$         87,461$             2,218,816$     ‐    $             3,491,539$         111 City of Brookings Year Ended December 31, 2017 Combining Statement of Revenues, Expenditures and Changes in Fund Balances ‐ Nonmajor Capital Project Funds Dakota Fire Nature Gateway TIF6 TIF 7 Street Substation Park Project Digester S Main Shop Total REVENUES Miscellaneous revenue:    Interest income 442$                    ‐$                   2,070$               53$                        2,504$               104$               5,173$                            Total revenues 442                     ‐                         2,070                53                          2,504                104                 5,173                    EXPENDITURES Current:    Public works ‐                          ‐                         ‐                        141,633                ‐                        ‐                      141,633                Capital outlay 1,381,478          ‐                         573,107            ‐                             47,688              5,437              2,007,710                      Total expenditures 1,381,478          ‐                         573,107            141,633                47,688              5,437              2,149,343                        Deficiency of revenues             under expenditures (1,381,036)         ‐                         (571,037)           (141,580)               (45,184)             (5,333)             (2,144,170)           OTHER FINANCING SOURCES Transfers in 1,490,829          ‐                         365,000            76,000                  1,588,137         ‐                      3,519,966             Transfers out ‐                          (40,885)             ‐                        ‐                             ‐                        (35,116)          (76,001)                          Total other financing sources 1,490,829          (40,885)             365,000            76,000                  1,588,137         (35,116)          3,443,965                        Net change in fund balances 109,793              (40,885)             (206,037)           (65,580)                 1,542,953         (40,449)          1,299,795             Fund balances ‐ beginning 14,095                40,885              531,747            37,308                  ‐                        40,449            664,484                Fund balances (deficit) ‐ ending 123,888$            ‐    $                   325,710$          (28,272)$               1,542,953$      ‐    $                1,964,279$          112 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ Fire Substation Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Miscellaneous revenue:    Interest income ‐$                            ‐$                          442$                              442$                                          Total revenues ‐                             ‐                            442                                442                                  EXPENDITURES Public Safety    Fire ‐                             1,490,829                1,381,478                     109,351                                    Total expenditures ‐                             1,490,829                1,381,478                     109,351                                    Deficiency of revenues             under expenditures ‐                             (1,490,829)               (1,381,036)                    109,793                           OTHER FINANCING SOURCES Transfers in ‐                             1,490,829                1,490,829                     ‐                                            Total other financing sources ‐                             1,490,829                1,490,829                     ‐                                            Net change in fund balances ‐                              ‐                            109,793                        109,793                           Fund balances ‐ beginning 14,095                       14,095                     14,095                          ‐                                   Fund balances ‐ ending 14,095$                     14,095$                   123,888$                      109,793$                         113 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ Dakota Nature Park Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) OTHER FINANCING USES Transfers out ‐                             (40,885)                    (40,885)                         ‐                                            Total other financing uses ‐                             (40,885)                    (40,885)                         ‐                                            Net change in fund balances ‐                              (40,885)                    (40,885)                         ‐                                    Fund balances ‐ beginning 40,885                       40,885                     40,885                          ‐                                   Fund balances ‐ ending 40,885$                     ‐    $                          ‐    $                               ‐    $                                 114 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ Gateway Project Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Miscellaneous revenue:    Interest income ‐$                            ‐$                             2,070$                            2,070$                         Total revenues ‐                              ‐                               2,070                              2,070                  EXPENDITURES Culture and recreation:    Parks 615,000                     1,132,400                   573,107                          559,293                      Total expenditures 615,000                     1,132,400                   573,107                          559,293                      Deficiency of revenues             over expenditures (615,000)                    (1,132,400)                 (571,037)                        561,363             OTHER FINANCING SOURCES  Transfers in 365,000                     365,000                      365,000                          ‐                               Total other financing sources 365,000                     365,000                      365,000                          ‐                               Net change in fund balances (250,000)                    (767,400)                     (206,037)                        561,363             Fund balances ‐ beginning 531,747                     531,747                      531,747                          ‐                      Fund balances ‐ ending 281,747$                   ‐235,653$                   325,710$                        561,363$            115 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ TIF 6 Digester Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis)(Negative) REVENUES Miscellaneous revenue:    Interest income ‐$                          ‐$                       53$                                 53$                                    Total revenues ‐                            ‐                        53                                   53                             EXPENDITURES Public works    Public works ‐                            76,000                   141,633                         (65,633)                             Total expenditures ‐                            76,000                  141,633                         (65,633)                             Deficiency of revenues             under expenditures ‐                            (76,000)                 (141,580)                        (65,580)                    OTHER FINANCING SOURCES Transfers in ‐                                76,000                  76,000                           ‐                                         Total other financing sources ‐                            76,000                  76,000                           ‐                                     Net change in fund balances ‐                            ‐                        (65,580)                          (65,580)                    Fund balances ‐ beginning 37,308                     37,308                  37,308                           ‐                            Fund balances ‐ ending 37,308$                   37,308$                (28,272)$                        (65,580)$                  116 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ TIF 7 S Main Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis) (Negative) REVENUES Miscellaneous revenue:    Interest income ‐$                          ‐$                       2,504$                            2,504$                               Total revenues ‐                            ‐                        2,504                             2,504                       EXPENDITURES Conservation and development    Public works ‐                            1,000,000             47,688                            952,312                             Total expenditures ‐                            1,000,000             47,688                           952,312                            Deficiency of revenues             under expenditures ‐                            (1,000,000)           (45,184)                          954,816                   OTHER FINANCING SOURCES  Transfers in ‐                                2,264,000             1,588,137                      (675,863)                           Total other financing sources ‐                            2,264,000             1,588,137                      (675,863)                           Net change in fund balance ‐                            1,264,000             1,542,953                      278,953                   Fund balances ‐ beginning ‐                            ‐                        ‐                                 ‐                            Fund balances ‐ ending ‐    $                          1,264,000$           1,542,953$                    278,953$                 117 City of Brookings Year Ended December 31, 2017 Budgetary Comparison ‐ Street Maintenance Shop Fund Variance With Budgeted Amounts Actual Final Budget (Modified Accrual Positive Original Final Basis) (Negative) REVENUES Miscellaneous revenue:    Interest income ‐$                         ‐$                         104$                          104$                                Total revenues ‐                          ‐                          104                           104                         EXPENDITURES Public Works    Highways and Streets ‐                           71,071                    5,437                         65,634                             Total expenditures ‐                          71,071                    5,437                        65,634                            Deficiency of revenues             under expenditures ‐                          (71,071)                  (5,333)                      65,738                   OTHER FINANCING SOURCES  Transfers out ‐                          (35,117)                  (35,116)                    1                                      Total other financing uses ‐                          (35,117)                  (35,116)                    1                                      Net change in fund balance ‐                          (106,188)                (40,449)                    65,739                   Fund balances ‐ beginning 40,449                    40,449                    40,449                      ‐                         Fund balances ‐ ending 40,449$                  (65,739)$                ‐$                          65,739$                 118 City of Brookings  December 31, 2017    Combining Statements – Nonmajor Enterprise Funds      Liquor Fund – to account for revenues and expenses of the City owned liquor store.      Water Fund – to account for water services provided to the residents of the City of Brookings.  All activities necessary to  provide such service are accounted for in this fund.    Airport Fund – to account for air transportation services to the residents of the City.  All activities necessary to provide such  service are accounted for in this fund, including, but not limited to, administration, operations, and maintenance.    Golf Fund – to account for revenues and expenses of the City‐owned municipal golf course.    Solid Waste Fund – to account for solid waste services provided to the residents of the City.  All activities necessary to provide  such services are accounted for in this fund, including, but not limited to administration, operations, maintenance, billing, and  collection.    Research & Technology Center Fund – to account for revenues and expenses of a City‐owned facility designed to house startup  companies.       119 City of Brookings December 31, 2017 Combining Statement of Net Position ‐ Nonmajor Enterprise Funds Liquor Water Airport ASSETS Current assets:    Cash and cash equivalents 1,763,963$                 4,084,563$                   25,254$                          Investments‐CDs 37,774                          7,509,663                      4,834                               Investments 330,557                       ‐                                       42,306                            Receivables, (net of allowances for      uncollectibles, if any):       Accounts 221                               455,238                         300                                     Unbilled accounts ‐                                    248,321                         ‐                                          Interest 1,186                           10,397                           153                                  Due from other funds ‐                                    38,261                           ‐                                       Due from other governments ‐                                    ‐                                       53,503                            Inventories:       Supplies ‐                                    226,827                          ‐                                          Stores 590,081                       ‐                                       ‐                                       Prepaid expenses ‐                                    22,903                           694                                     Total current assets 2,723,782                   12,596,173                   127,044                       Noncurrent assets:    Restricted cash and cash equivalents ‐                                    ‐                                       ‐                                       Restricted investments‐CDs ‐                                    3,000,000                     ‐                                       Advances to other funds 272,464                       ‐                                       ‐                                       Net pension asset 1,028                           4,755                              449                                  Other assets ‐                                    907                                 ‐                                       Capital assets:      Land ‐                                    203,013                         1,923,340                        Buildings and improvements 281,077                       17,044,790                   24,396,365                      Machinery and equipment 337,431                       589,892                         1,045,745                        Construction in progress ‐                                    12,983                           898,632                            Less accumulated depreciation (472,947)                     (7,237,204)                    (5,432,139)                        Total noncurrent assets 419,053                       13,619,136                   22,832,392                          Total assets 3,142,835                    26,215,309                    22,959,436                  DEFERRED OUTFLOWS OF RESOURCES   Pension related deferred outflows 91,042                          485,499                          47,403                                 Total assets and deferred outflows of resources 3,233,877$                 26,700,808$                 23,006,839$               LIABILITIES Current liabilities:    Accounts payable 62,841$                       157,447$                       13,767$                          Retainage payable ‐                                    ‐                                       3,265                              Due to other funds 1,963                           15,552                           219                                  Due to other governments ‐                                    ‐                                       66,500                            Accrued interest payable ‐                                    1,236                              ‐                                       Accrued wages payable 10,305                         4,242                              2,839                              Accrued taxes payable 33,080                         495                                 ‐                                       Customer deposits 11,000                         ‐                                       780                                  Capital lease obligations ‐                                    28,635                           ‐                                       Compensated absences 2,708                           20,207                           1,606                                 Total current liabilities 121,897                       227,814                         88,976                         Noncurrent liabilities:    Capital lease obligations ‐                                    283,590                         ‐                                       Compensated absences 10,832                         ‐                                       6,422                              OPEB liability 15,284                         53,474                           6,053                              Advances from other funds ‐                                    ‐                                       ‐                                       Accrued landfill closure and         postclosure costs ‐                                    ‐                                       ‐                                          Total noncurrent liabilities 26,116                         337,064                         12,475                                  Total liabilities 148,013                       564,878                         101,451                       120 City of Brookings December 31, 2017 Combining Statement of Net Position ‐ Nonmajor Enterprise Funds Research & Solid Technology Golf Waste Center Total ‐    $                             3,992,831$                111,323$                   9,977,934$                    ‐                                85,789                         2,389                           7,640,449                       ‐                                   750,729                      20,908                        1,144,500                      ‐                                   427,478                      84,306                        967,543                          ‐                                   68,069                        ‐                                   316,390                          ‐                                   2,701                          75                                14,512                            ‐                                   15,483                        ‐                                   53,744                            ‐                                   ‐                                   ‐                                   53,503                            ‐                                   47,749                        ‐                                   274,576                          ‐                                   ‐                                   ‐                                   590,081                          ‐                                   ‐                                   ‐                                   23,597                            ‐                                   5,390,829                  219,001                     21,056,829                    ‐                                   1,555                           ‐                                   1,555                               ‐                                   2,308,961                   ‐                                   5,308,961                      ‐                                   984,929                      ‐                                   1,257,393                      594                              2,866                          9,692                               ‐                                   ‐                                   ‐                                   907                                  50,000                        496,364                      ‐                                   2,672,717                      1,573,014                  4,754,736                  2,118,612                  50,168,594                    555,594                      4,809,436                  ‐                                   7,338,098                      ‐                                   ‐                                   ‐                                   911,615                          (1,059,783)                 (5,931,603)                 (786,334)                    (20,920,010)                   1,119,419                  7,427,244                  1,332,278                  46,749,522                    1,119,419                   12,818,073                 1,551,279                   67,806,351                     67,518                         299,903                       ‐                               991,365                           1,186,937$                13,117,976$              1,551,279$               68,797,716$                  2,113$                        59,396$                      4,826$                        300,390$                        ‐                                   ‐                                   ‐                                   3,265                               11,335                        15,004                        59                                44,132                            ‐                                   ‐                                   ‐                                   66,500                            ‐                                   ‐                                   ‐                                   1,236                               2,346                          24,611                        ‐                                   44,343                            ‐                                   7,146                          ‐                                   40,721                            ‐                                   ‐                                   ‐                                   11,780                            ‐                                   ‐                                   ‐                                   28,635                            7,406                          19,387                        ‐                                   51,314                            23,200                        125,544                      4,885                          592,316                          ‐                                    ‐                                   283,590                          29,623                        77,546                         ‐                                   124,423                          10,402                        46,934                        132,147                          145,317                       ‐                                    ‐                                   145,317                          ‐                                   606,049                      ‐                                   606,049                          185,342                      730,529                      ‐                                   1,291,526                      208,542                      856,073                      4,885                          1,883,842                      121 City of Brookings December 31, 2017 Combining Statement of Net Position ‐ Nonmajor Enterprise Funds (continued) Liquor Water Airport DEFERRED INFLOWS OF RESOURCES    Pension related deferred inflows 17,404                         91,422                           9,345                              Proceeds from sale of future revenues ‐                                    4,974                              ‐                                           Total liabilities and deferred inflows of resources 165,417                       661,274                         110,796                       NET POSITION Net investment in capital assets 145,561                       10,301,249                   22,828,678                 Restricted for:    SDRS pension purposes 74,666                         398,832                         38,507                            Landfill closure and postclosure ‐                                    ‐                                       ‐                                    Unrestricted 2,848,233                   15,339,453                   28,858                                  Total net position 3,068,460$                 26,039,534$                 22,896,043$               122 City of Brookings December 31, 2017 Combining Statement of Net Position ‐ Nonmajor Enterprise Funds (continued) Research & Solid Technology Golf Waste Center Total 13,670                        60,692                         ‐                                   192,533                          ‐                                   ‐                                   ‐                                   4,974                               222,212                      916,765                      4,885                          2,081,349                      1,118,825                  4,128,933                  1,332,278                  39,855,524                    54,442                        242,077                       ‐                                   808,524                          ‐                                   679,612                       ‐                                   679,612                          (208,542)                    7,150,589                  214,116                     25,372,707                    964,725$                   12,201,211$              1,546,394$               66,716,367$                  123 City of Brookings Year Ended December 31, 2017 Combining Statement of Revenues, Expenses, and Changes in Net Position ‐ Nonmajor Enterprise Funds Liquor Water Airport OPERATING REVENUES Charges for goods and services 4,132,486$               5,228,397$                   47,299$                      Miscellaneous ‐                                  165,994                        ‐                                            Total operating revenues 4,132,486                 5,394,391                     47,299                        OPERATING EXPENSES Personal services 339,924                     1,276,913                     126,657                      Other current expenses 253,595                     1,215,357                     133,671                      Cost of goods sold 3,070,037                  ‐                                      ‐                                   Amortization ‐                                  3,718                              ‐                                   Depreciation 29,065                       419,974                        933,349                               Total operating expenses 3,692,621                 2,915,962                     1,193,677                              Operating income (loss)439,865                     2,478,429                     (1,146,378)                  NONOPERATING REVENUES  (EXPENSES) Interest income 10,277                       96,387                          941                              Miscellaneous income ‐                                  81,508                          ‐                                   Loss on disposition of capital assets ‐                                  ‐                                     (6,167)                         Interest expense and fiscal charges ‐                                  (16,017)                         ‐                                            Total nonoperating revenues (expenses)10,277                       161,878                        (5,226)                                    Income (loss)  before capital contributions             and transfers 450,142                     2,640,307                     (1,151,604)                  Capital contributions ‐                                  249,563                        712,784                      Transfers in ‐                                  ‐                                     229,680                      Transfers out (400,121)                   ‐                                     (815,960)                                Change in net position 50,021                       2,889,870                     (1,025,100)                  Net position ‐ beginning 3,018,439                 23,149,664                   23,921,143                 Net position ‐ ending 3,068,460$               26,039,534$                22,896,043$              124 City of Brookings Year Ended December 31, 2017 Combining Statement of Revenues, Expenses, and Changes in Net Position ‐ Nonmajor Enterprise Funds Research & Solid Technology Golf Waste Center Total 385,897$                   3,721,235$                    168,312$                   13,683,626$                     ‐                                  ‐                                       ‐                                  165,994                             385,897                     3,721,235                      168,312                     13,849,620                       226,561                     802,606                           ‐                                  2,772,661                         248,081                     896,024                          81,552                       2,828,280                         ‐                                   ‐                                        ‐                                  3,070,037                         ‐                                   ‐                                        ‐                                  3,718                                 91,971                       519,372                          53,007                       2,046,738                         566,613                     2,218,002                      134,559                     10,721,434                       (180,716)                    1,503,233                      33,753                       3,128,186                         58                               37,439                            543                             145,645                             13,289                        ‐                                        ‐                                  94,797                               327                              ‐                                        ‐                                  (5,840)                                ‐                                  ‐                                       ‐                                  (16,017)                              13,674                       37,439                            543                             218,585                             (167,042)                    1,540,672                      34,296                       3,346,771                         ‐                                        ‐                                  962,347                             156,829                      ‐                                        ‐                                  386,509                             ‐                                  (604,665)                        (120,000)                    (1,940,746)                        (10,213)                      936,007                          (85,704)                      2,754,881                         974,938                     11,265,204                    1,632,098                  63,961,486                       964,725$                   12,201,211$                  1,546,394$                66,716,367$                     125 City of Brookings Year Ended December 31, 2017 Combining Statement of Cash Flows ‐ Nonmajor Enterprise Funds Liquor Water Airport CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers 4,133,644$                  5,326,143$                     47,109$                     Internal activity‐payments from other funds ‐                                     179,473                           ‐                                  Payments to suppliers (3,359,369)                   (1,306,521)                      (59,093)                      Payments to employees (373,631)                      (1,435,443)                      (141,311)                    Internal activity‐payments to other funds ‐                                     ‐                                        ‐                                           Net cash provided by (used in) operating              activities 400,644                        2,763,652                       (153,295)                    CASH FLOWS FROM NONCAPITAL FINANCING  ACTIVITIES Transfers in ‐                                     ‐                                        229,680                     Transfers out (400,121)                      ‐                                        (815,960)                             Net cash provided by (used in) noncapital              financing activities (400,121)                      ‐                                        (586,280)                    CASH FLOWS FROM CAPITAL AND RELATED  FINANCING ACTIVITIES Acquisition and construction of capital assets ‐                                     (944,692)                         (994,662)                    Proceeds from sale of capital assets ‐                                     ‐                                        ‐                                  Capital grants ‐                                     ‐                                        1,726,077                  Principal payments on debt (27,255)                            ‐                                  Interest payments on debt ‐                                     (16,125)                            ‐                                  Principal receipts (payments) on interfund advances/loans (108,032)                      ‐                                        ‐                                  Interest payments on interfund advances/loans 3,284                            ‐                                        ‐                                           Net cash provided by (used in) capital              and related financing activities (104,748)                      (988,072)                         731,415                     CASH FLOWS FROM INVESTING ACTIVITIES Sale of investments 45,323                          8,000,000                       1,626                          Purchase of investments (368,989)                      (8,009,663)                      (47,233)                      Interest income 6,482                            89,513                             874                                      Net cash provided by (used in) investing             activities (317,184)                      79,850                             (44,733)                               Net increase  (decrease) in cash              and cash equivalents (421,409)                      1,855,430                       (52,893)                      Balances ‐ beginning of the year 2,185,372                    2,229,133                       78,147                       Balances ‐ end of the year 1,763,963                     4,084,563                        25,254                          Less restricted cash and cash equivalents ‐                                 ‐                                        ‐                                  Cash and cash equivalents (current) per               statement of net position 1,763,963$                  4,084,563$                     25,254$                     126 City of Brookings Year Ended December 31, 2017 Combining Statement of Cash Flows ‐ Nonmajor Enterprise Funds Research & Solid Technology Golf Waste Center Total 400,473$                   3,533,257$                     158,127$                  13,598,753$                     ‐                                   249,364                           ‐                                 428,837                             (245,129)                    (608,534)                         (88,100)                     (5,666,746)                        (243,848)                    (908,920)                         ‐                                 (3,103,153)                        ‐                                   (241,300)                         ‐                                 (241,300)                           (88,504)                      2,023,867                       70,027                      5,016,391                         156,829                       ‐                                         ‐                                 386,509                             ‐                                   (604,665)                         (120,000)                   (1,940,746)                        156,829                      (604,665)                         (120,000)                   (1,554,237)                        (49,596)                      (458,578)                         ‐                                 (2,447,528)                        327                             ‐                                        ‐                                 327                                    ‐                                   ‐                                        ‐                                 1,726,077                         ‐                                   ‐                                        ‐                                 (27,255)                              ‐                                   ‐                                        ‐                                 (16,125)                              (19,113)                      115,071                           ‐                                 (12,074)                              ‐                                   16,500                             ‐                                 19,784                               (68,382)                      (327,007)                         ‐                                 (756,794)                           ‐                                   78,946                              ‐                                 8,125,895                         ‐                                   (989,608)                         (23,339)                     (9,438,832)                        57                                19,764                             510                            117,200                             57                                (890,898)                         (22,829)                     (1,195,737)                        ‐                                   201,297                           (72,802)                     1,509,623                         ‐                                   3,793,089                       184,125                    8,469,866                         ‐                               3,994,386                        111,323                     9,979,489                          ‐                                   (1,555)                              ‐                                 (1,555)                                ‐    $                             3,992,831$                     111,323$                  9,977,934$                       127 City of Brookings Year Ended December 31, 2017 Combining Statement of Cash Flows ‐ Nonmajor Enterprise Funds (continued) Liquor Water Airport Reconciliation of operating income (loss) to net   cash provided by (used in) operating activities:     Operating income (loss)439,865$                     2,478,429$                     (1,146,378)$                 Miscellaneous income ‐                                 81,508                                   Adjustments to reconcile operating income (loss) to      net cash provided by (used in) operating activities:       Depreciation 29,065                          419,974                           933,349                            Amortization ‐                                     3,718                               ‐                                        Landfill closure and postclosure cost ‐                                     ‐                                        ‐                                       Provision for uncollectible accounts ‐                                     ‐                                        67,474                           Change in operating assets and liabilities:       (Increase) decrease in:         Receivables 1,158                            (46,778)                            (190)                                    Inventories 2,482                            (3,725)                              ‐                                          Prepaid expenses ‐                                     (1,457)                              (694)                                    Deferred outflows related to pensions (15,783)                         (66,817)                            (6,898)                                 Net pension asset (1,028)                           (4,755)                              (449)                                  Increase (decrease) in:         Deferred inflows related to pensions 17,082                          91,422                             9,145                                   Deferred inflows related to other ‐                                     198                                   ‐                                          Account and other payables (38,219)                         (9,686)                              7,798                                  Accrued wages payable 1,200                            2,167                               818                                     Accrued leave payable 4,104                            142                                   1,259                                  Accrued OPEB payable (2,101)                           2,607                               (600)                                    Net pension liability (37,181)                         (183,295)                         (17,929)                               Net cash provided by (used in)             operating activities 400,644$                     2,763,652$                     (153,295)$                  NONCASH INVESTING, CAPITAL AND   FINANCING ACTIVITIES    Capital asset additions from contributed capital ‐$                               249,563$                         712,784                        Accounts payable for capital assets ‐                                     95,652                             3,265                          128 City of Brookings Year Ended December 31, 2017 Combining Statement of Cash Flows ‐ Nonmajor Enterprise Funds (continued) Research & Solid Technology Golf Waste Center Total (180,716)$                  1,503,233$                     33,753$                    3,128,186$                       13,289                        ‐                                    ‐                              94,797                                91,971                        519,372                           53,007                      2,046,738                         ‐                                   ‐                                        ‐                                 3,718                                 ‐                                   46,826                             ‐                                 46,826                               ‐                                   ‐                                        ‐                                 67,474                               1,287                          61,189                             (10,185)                     6,481                                 ‐                                   (9,007)                              ‐                                 (10,250)                              ‐                                   ‐                                        ‐                                 (2,151)                                (9,119)                         (44,015)                            ‐                                 (142,632)                           (594)                            (2,866)                              ‐                                 (9,692)                                13,370                        59,456                             ‐                                 190,475                             ‐                                   ‐                                        ‐                                 198                                    2,952                          8,567                               (6,548)                       (35,136)                              (128)                            790                                   ‐                                 4,847                                 5,067                          (264)                                 ‐                                 10,308                               (900)                            (3,902)                              ‐                                 (4,896)                                (24,983)                      (115,512)                         ‐                                 (378,900)                           (88,504)$                    2,023,867$                     70,027$                    5,016,391$                       ‐$                             ‐$                                  ‐$                           962,347$                           ‐                                   ‐                                        ‐                                 98,917                               129 City of Brookings  December 31, 2017    Combining Statements – Fiduciary Funds      Section 125 Agency Fund – to account for the employees’ withholdings and disbursements for Section 125 Flexible Spending  Accounts.    Rural Fire Agency Fund – to account for deposits and disbursements for the Brookings Rural Volunteer Fire Association.      130 City of Brookings December 31, 2017 Combining Statement of Net Position ‐ Fiduciary Funds Section 125 Rural Fire Agency Fund Agency Fund Total ASSETS   Cash and cash equivalents 2,023$                     23,730$               25,753$               Accounts receivable 2,085                       ‐                        2,085                   Total Assets 4,108                       23,730                  27,838               LIBILITIES   Amounts held for others 4,108                       23,730                  27,838                 Total Liabilities 4,108$                     23,730$               27,838$             131 City of Brookings Year Ended December 31, 2017 Combining Statement of Changes in Assets and Liabilities ‐ Fiduciary Funds Balance Balance January 1,December 31, 2017 Additions Deductions 2017 Section 125 Agency Fund Assets:   Cash and cash equivalents 329$                        56,861$               55,167$               2,023$                 Accounts receivable 1,743                       4,337                    3,995                    2,085                 2,072                       61,198                  59,162                  4,108                 Liabilities:  Due to flex claims 2,072$                     52,866$               50,830$               4,108$               Rural Fire Agency Fund Assets:   Cash and cash equivalents 133,863$                28,013$               138,146$             23,730$             Liabilities:  Due to Rural Fire Association 133,863$                28,013$               138,146$             23,730$             Total All Agency Funds Assets:   Cash and cash equivalents 134,192$                84,874$               193,313$             25,753$               Accounts receivable 1,743                       4,337                    3,995                    2,085                    Total assets 135,935$                89,211$               197,308$             27,838$             Liabilities:  Due to flex claims 2,072                       52,866                  50,830                  4,108                  Due to Rural Fire Association 133,863                  28,013                  138,146               23,730                  Total liabilities 135,935$                80,879$               188,976$             27,838$             132 City of Brookings  December 31, 2017    Statistical Section    This part of the City of Brookings comprehensive annual financial report presents detailed information  as a context for understanding what the information in the financial statements, note disclosures, and  required supplemental information says about the City’s overall financial health.    Contents  Page    Financial Trends 134    These schedules contain trend information to help the reader understand how  the government’s financial performance and well‐being have changed over time.              Revenue Capacity 146    These schedules contain information to help the reader assess two of the  government’s significant local revenue sources: property and sales tax.    Debt Capacity 150    These schedules present information to help the reader assess the affordability  of the government’s current levels of outstanding debt and the government’s  ability to issue additional debt in the future.    Demographic and Economic Information 157    These schedules offer demographic and economic indicators to help the reader  understand the environment in which the government’s financial activities take  place.    Operating Information 159    These schedules contain service and infrastructure data to help the reader  understand how the information in the government’s financial report relates to  the services and activities the government provides and performs.      133 Table 1 2017 2016 2015 Net investment in capital assets 76,993,653$          72,145,788$        64,579,729$           Restricted 4,537,648              4,886,747           5,013,005                Unrestricted 16,898,022           20,064,256         22,424,600              Total Governmental Activities Net Position 98,429,323           97,096,791         92,017,334              Net investment in capital assets 136,462,888         136,023,245       114,205,616           Restricted 12,954,510           7,771,643           13,109,068              Unrestricted 104,848,871         94,982,598         98,824,153              Total Business‐type Activities Net Position 254,266,269         238,777,486       226,138,837           Net investment in capital assets 213,456,541         208,169,033       178,785,345           Restricted 17,492,158           12,658,390         18,122,073              Unrestricted 121,746,893         115,046,854       121,248,753           Total Primary Government Net Position 352,695,592$         335,874,277$      318,156,171$         Business‐type Activities Primary Government Last Ten Fiscal Years City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Statistics (Unaudited) Governmental Activities Net Position by Component (accrual basis of accounting) 134 Table 1 (continued) 2014 2013 2012 2011 2010 2009 2008 56,625,781$           62,699,489$         58,460,116$         52,072,530$        45,842,974$       45,371,397$      41,597,591$      3,156,857                2,259,218              3,442,323              6,763,195            2,322,180          12,734,742       13,439,911        20,309,859              14,775,779            15,314,013            15,594,203          19,472,723        6,337,114         6,185,767          80,092,497              79,734,486            77,216,452            74,429,928          67,637,877        64,443,253       61,223,269        104,777,360           95,258,237            80,957,243            73,528,406          70,247,535        65,388,333       58,727,447        4,717,291                4,525,348              4,537,278              5,586,414            5,385,722          7,571,555         7,941,050          89,517,138              75,079,940            73,515,304            69,954,220          64,395,679        60,706,355       62,658,499        199,011,789           174,863,525         159,009,825         149,069,040       140,028,936      133,666,243    129,326,996      161,403,141           157,957,726         139,417,359         125,600,936       116,090,509      110,759,730    100,325,038      7,874,148                6,784,566              7,979,601              12,349,609          7,707,902          20,306,297       21,380,961        109,826,997           89,855,719            88,829,317            85,548,423          83,868,402        67,043,469       68,844,266        279,104,286$         254,598,011$       236,226,277$       223,498,968$       207,666,813$      198,109,496$    190,550,265$     Net Position by Component (accrual basis of accounting) Last Ten Fiscal Years City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Statistics (Unaudited) 135 2017 2016 2015 2,683,335$            3,105,729$            2,865,778$             Public Safety 4,982,599              5,565,159              5,054,020               Public Works 6,135,577              6,743,700              5,934,626               Health and Welfare 62,421                    109,111                 101,042                  Culture and Recreation 8,020,666              7,506,553              7,400,596               6,761,176              901,572                 1,209,287               737,456                 826,085                 734,534                  Total Governmental Activities Expenses 29,383,230            24,757,909            23,299,883             Electric 24,515,516            24,525,853            22,650,657             Health System 60,558,629            57,019,809            54,370,009             Telephone 29,219,330            30,825,559            30,598,739             Liquor 3,678,655              3,859,242              3,608,454               Water 2,888,204              2,952,599              2,964,843               Wastewater 4,584,074              3,973,778              3,704,292               Airport 1,195,489              1,252,509              839,807                  Golf 558,579                 609,864                 561,156                  Solid Waste 2,188,944              2,444,615              2,168,527               134,559                 129,354                 119,473                  129,521,979         127,593,182         121,585,957          Total Primary Government Expenses 158,905,209         152,351,091         144,885,840          Program Revenues   Governmental Activities:     Charges for Services General Government 109,310                 108,943                 106,379                  Public Safety                                                                                                            96,173                    101,069                 99,666                     Public Works 161,414                 672,785                 2,638,528               Health and Welfare 12,240                    12,965                    10,735                     Culture and Recreation 2,338,974              2,552,726              2,419,523               Conservation and Development ‐                          ‐                          ‐                               Operating Grants and Contributions 344,154                 255,425                 249,049                      Capital Grants and Contributions 2,283,328              1,822,082              5,418,303                 Total Governmental Activities Program Revenues 5,345,593$            5,525,995$            10,942,183$          Business‐type Activities: Table 2 Changes in Net Position (accrual basis of accounting) Last Ten Fiscal Years City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Statistics (Unaudited) Research and Technology Total Business‐type Activities Expenses Governmental Activities: General Government Conservation and Development Interest on Long‐Term Debt 136 2014 2013 2012 2011 2010 2009 2008 3,017,290$            2,358,748$            1,055,817$            2,020,020$       2,127,308$       2,000,014$     1,737,799$      5,036,493              4,764,759              4,270,067              4,118,486         3,917,316         3,690,186        3,397,216         7,410,926              10,914,820            6,729,324              4,290,086         5,803,132         5,153,952        3,339,805         112,621                 158,918                  92,113                    93,423               89,310               93,475             87,399              7,168,741              6,295,703              6,436,427              6,966,088         6,017,894         5,629,096        5,795,387         1,939,064              990,262                  2,293,814              870,748             692,741             1,362,380        1,181,557         808,496                 675,609                  639,310                  616,398             694,435             780,087           874,677            25,493,631            26,158,819            21,516,872            18,975,249       19,342,136       18,709,190     16,413,840      21,175,715            20,251,826            19,199,183            19,453,708       18,823,598       17,911,760     15,562,676      52,211,048            36,080,349            35,296,152            31,719,055       30,377,015       29,827,107     27,743,482      33,929,866            33,816,035            32,003,023            29,004,409       29,096,920       28,488,641     29,133,641      3,664,576              9,680,751              9,075,437              8,683,666         8,290,341         8,063,595        7,835,940         2,641,459              2,692,785              2,354,964              2,523,258         2,478,061         2,425,345        2,184,665         3,124,572              2,698,766              2,747,422              2,477,695         2,347,343         2,397,293        2,327,187         383,714                 442,346                  425,870                  375,364             437,557             419,489           426,354            552,028                 546,691                  548,373                  491,379             478,085             473,086            ‐                     2,410,877              2,580,584              2,164,105              2,240,293         1,948,344         1,984,222        1,846,228         181,122                 169,691                  86,983                    106,994             85,264               95,361             90,712              120,274,977         108,959,824          103,901,512          97,075,821       94,362,528       92,085,899     87,150,885      145,768,608         135,118,643          125,418,384          116,051,070     113,704,664     110,795,089   103,564,725    103,908                 105,121                  279,334                  133,387             67,569               86,767             146,987            97,099                    113,355                  103,308                  106,281             70,169               77,437             84,017              927,311                 1,104,225              661,937                  536,813             914,078             1,133,442        496,853            11,848                    10,765                    12,986                    15,081               13,064               16,527             14,878              2,186,594              1,994,400              1,681,932              2,035,253         1,603,842         1,755,012        1,680,555         ‐                           ‐                           ‐                          21,105               17,419               10,064             232,391            881,030                 217,529                  264,644                  204,509             221,492             164,708           488,979            221,332                 4,736,387              2,198,436              3,780,047         2,676,500         1,971,109        1,311,600         4,429,122$            8,281,782$            5,202,577$            6,832,476$       5,584,133$       5,215,066$     4,456,260$      City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Statistics (Unaudited) 137 2017 2016 2015   Business‐type Activities     Charges for Services Electric 28,502,743$         27,779,114$         26,341,321$          Hospital 65,773,982            59,598,490            61,882,772             Telephone 31,162,913            32,311,864            34,313,078             Liquor 4,132,486              4,340,680              4,169,571               Water 5,394,391              5,151,101              5,004,185               Wastewater 5,537,130              4,963,644              4,816,146               Airport 47,299                    33,153                    34,459                     Golf 385,897                 380,066                 316,181                  Solid Waste 3,721,235              3,771,061              3,703,602               Research and Technology 168,312                 189,248                 176,524                      Operating Grants and Contributions 19,988                    20,766                    20,112                         Capital Grants and Contributions 2,847,446              3,246,363              2,210,269                 Total Business‐type Activities Program Revenues 147,693,822         141,785,550         142,988,220            Total Primary Government Program Revenues 153,039,415         147,311,545         153,930,403          Net (Expense)/Revenue   Governmental Activities (24,037,637)          (19,231,914)          (12,357,700)             Business‐type Activities 18,171,843            14,192,368            21,402,263               Total Primary Government Net Expense (5,865,794)             (5,039,546)             9,044,563               General Revenue and Transfers   Governmental Activities:     Taxes Property Tax 5,181,164              4,729,382              4,397,088               Sales Tax 14,164,131            14,160,915            13,475,972             Other Tax 361,246                 357,367                 354,971                      State Shared Revenues 189,586                 220,472                 208,033                      Unrestricted Investment Earnings (Loss)116,358                 126,700                 162,862                      Gain  on Disposition Of Capital Assets ‐                          ‐                          ‐                               Miscellaneous Revenue, Net 1,548,447              1,906,424              1,508,487                   Transfers 3,809,237              2,810,111              2,406,167                 Total Governmental Activities General Revenues 25,370,169$         24,311,371$         22,513,580$          Statistics (Unaudited) Comprehensive Annual Financial Report December 31, 2017 Last Ten Fiscal Years Table 2  (continued) Changes in Net Position (accrual basis of accounting) City of Brookings  138 2014 2013 2012 2011 2010 2009 2008 25,314,931$         23,946,694$          22,536,286$          21,971,749$     20,843,620$     18,961,413$   17,450,757$    53,809,700            37,829,424            37,778,186            33,206,801       30,634,289       30,768,105     29,132,073      37,007,090            35,519,726            33,721,116            31,795,176       31,308,878       28,811,968     31,710,534      3,986,650              10,593,780            9,971,319              9,524,345         9,102,921         8,833,238        8,518,713         4,188,992              4,077,955              4,026,895              3,345,211         2,931,954         2,912,247        2,764,407         4,102,822              3,418,736              3,238,910              2,937,624         2,733,661         2,627,272        2,475,986         25,669                    20,025                    70,845                    38,577               50,292               29,685             28,774              304,314                 334,640                  377,663                  324,398             330,926             318,158           ‐                     3,485,365              3,248,335              3,057,700              2,893,545         3,034,242         2,954,547        2,742,602         193,430                 148,490                  99,363                    181,972             195,616             196,776           203,700            405,059                 34,994                    105,083                  84,057               38,753               78,557             172,380            11,935,303            7,680,056              2,516,752              902,745             679,348             1,350,487        1,523,419         144,759,325         126,852,855          117,500,118          107,206,200     101,884,500     97,842,453     96,723,345      149,188,447         135,134,637          122,702,695          114,038,676     107,468,633     103,057,519   101,179,605    (21,064,509)          (17,877,037)           (16,314,295)           (12,142,773)      (13,758,003)      (13,494,124)    (11,957,580)     24,484,348            17,893,031            13,598,606            10,130,379       7,521,972         5,756,554        9,572,460         3,419,839              15,994                    (2,715,689)             (2,012,394)        (6,236,031)        (7,737,570)      (2,385,120)       4,230,428              3,848,367              3,666,358              3,466,805         3,208,774         2,743,170        2,529,446         13,163,848            12,806,189            11,423,187            10,869,687       10,516,247       10,405,659     10,675,328      351,187                 355,141                  311,280                  362,092             491,212             170,218           170,816            210,750                 189,336                  173,383                  154,794             174,797             184,959           174,655            287,430                 (13,967)                   201,966                  417,244             133,621             230,000           353,647            104,521                 12,233                    (67,947)                   175,188             153,249             (277,447)          (42,581)             1,853,211              645,650                  717,957                  504,890             731,405             707,411           1,919,560         1,221,145              2,552,122              2,938,647              2,984,124         1,543,322         2,550,138        2,739,139         21,422,520$         20,395,071$          19,364,831$          18,934,824$     16,952,627$     16,714,108$   18,520,010$    City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Statistics (Unaudited) 139 2017 2016 2015     Other Tax ‐$                        ‐$                        ‐$                             Unrestricted Investment Earnings 879,148                 473,140                 550,280                      Gain on Disposition of Capital Assets 327                         12,397                    175,464                      Minority Interest Payment ‐                          ‐                          ‐                               Miscellaneous Revenue, Net 246,702                 770,855                 192,028                      Transfers (3,809,237)             (2,810,111)             (2,406,167)                Total Business‐type Activities General Revenues (2,683,060)             (1,553,719)             (1,488,395)                Total Primary Government General Revenues 22,687,109            22,757,652            21,025,185             1,332,532              5,079,457              10,155,880             15,488,783            12,638,649            19,913,868             16,821,315$         17,718,106$         30,069,748$            Business‐type Activities Change in Net Position Total Primary Government   Governmental Activities   Business‐type Activities City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Last Ten Fiscal Years Statistics (Unaudited) Table 2 (continued) Changes in Net Position (accrual basis of accounting) 140 2014 2013 2012 2011 2010 2009 2008 ‐$                        ‐$                        ‐$                        ‐$                   ‐$                   8,544$             5,303$              705,244                 344,479                  687,850                  1,004,282         761,254             1,151,930        2,032,135         5,047                      ‐                          (102,132)                (121,605)           (115,988)           31,046             (12,290)             ‐                          ‐                          (573,316)                (332,836)           (345,268)           (184,022)          (304,943)           174,770                 168,312                  138,458                  1,344,008         84,045               125,333           128,231            (1,221,145)             (2,552,122)             (2,938,647)             (2,984,124)        (1,543,322)        (2,550,138)      (2,739,139)       (336,084)                (2,039,331)             (2,787,787)             (1,090,275)        (1,159,279)        (1,417,307)      (890,703)           21,086,436            18,355,740            16,577,044            17,844,549       15,793,348       15,296,801     17,629,307      358,011                 2,518,034              3,050,536              6,792,051         3,194,624         3,219,984        6,562,430         24,148,264            15,853,700            10,810,819            9,040,104         6,362,693         4,339,247        8,681,757         24,506,275$         18,371,734$          13,861,355$          15,832,155$     9,557,317$       7,559,231$     15,244,187$    City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Statistics (Unaudited) 141 Last Ten Fiscal Years 2017 2016 2015 General Fund Reserved ‐$                      ‐$                      ‐$                       Unreserved, Designated ‐                        ‐                        ‐                         Unreserved ‐                        ‐                        ‐                         Nonspendable 3,263,418            3,220,395            3,606,784             Restricted 59,925                  83,215                  849,383                Committed 3,973,356            3,918,640            3,609,682             Assigned 2,111,523            1,629,181            1,528,508             Unassigned 6,333,144            5,820,728            5,242,679             Total General Fund 15,741,366          14,672,159          14,837,036           All Other Governmental Funds Reserved ‐                        ‐                        ‐                         Unreserved, Designated ‐                        ‐                        ‐                         ‐                        ‐                        ‐                         ‐                        ‐                        ‐                         Nonspendable 40,224                  37,709                  42,111                   Restricted 1,364,894            2,880,425            1,786,616             Committed 6,745,577            6,590,061            5,574,697             Assigned 1,992,551            664,484               2,726,334             Unassigned (1,899,178)           (2,559,229)           (1,495,895)            8,244,068$          7,613,450$          8,633,863$           Note: In 2011, reporting of fund balance was changed to meet the requirements of GASB 54. City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Table 3 Fund Balances of Governmental Funds (modified accrual basis of accounting) Unreserved, reported in   Special Revenue Funds   Capital Projects Funds Total All Other Governmental Funds Statistics (Unaudited) 142 2014 2013 2012 2011 2010 2009 2008 ‐$                      ‐$                      ‐$                      ‐$                      2,450,478$          870,836$             503,209$              ‐                        ‐                        ‐                        ‐                        667,158               2,779,067            2,319,265             ‐                        ‐                        ‐                        ‐                        5,373,043            4,115,965            4,568,066             3,907,467            2,528,342            2,634,912            2,616,277            ‐                        ‐                        ‐                         68,104                  70,892                  58,954                  66,553                  ‐                        ‐                        ‐                         3,609,682            3,496,014            3,445,058            4,498,922            ‐                        ‐                        ‐                         1,328,102            1,237,505            1,542,554            1,509,153            ‐                        ‐                        ‐                         7,391,078            5,387,268            3,662,265            2,509,943            ‐                        ‐                        ‐                         16,304,433          12,720,021          11,343,743          11,200,848          8,490,679            7,765,868            7,390,540             ‐                         ‐                         ‐                         ‐                        1,625,518            3,699,446            4,215,796             ‐                         ‐                         ‐                         ‐                         ‐                        3,720,000            4,410,374             ‐                         ‐                         ‐                         ‐                         ‐                         ‐                        7,089,328            3,069,328            2,139,063             ‐                         ‐                         ‐                         ‐                        4,090,906            164,784               1,103,407             114,912               69,673                  57,008                  56,944                   ‐                         ‐                         ‐                         2,732,901            2,442,979            3,398,017            6,305,790             ‐                         ‐                         ‐                         4,549,043            7,330,753            5,857,965            6,102,802             ‐                         ‐                         ‐                         1,834,118             ‐                         ‐                         ‐                         ‐                         ‐                         ‐                         (2,633,850)           (3,322,382)           (2,159,902)           (1,800,429)           ‐                        ‐                        ‐                         6,597,124$          6,521,023$          7,153,088$          10,665,107$        12,805,752$        10,653,558$        11,868,640$         City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Statistics (Unaudited) 143 Table 4 Changes in Fund Balances of Governmental Funds (modified accrual basis of accounting) Last Ten Fiscal Years 2017 2016 2015 Revenues Taxes   General Property Taxes 4,262,451$                3,866,409$                 3,543,269$              Storm Drainage Taxes 917,714                     859,563                       854,955                    General Sales and Use Tax 14,164,131                14,160,915                 13,475,972              Other Taxes 362,782                     358,927                       356,459                  Licenses and Permits 268,969                     303,644                       278,742                  Intergovernmental 936,325                     945,470                       1,763,471              Charges for Goods and Services 2,306,130                  2,515,301                   2,381,029              Fines and Forfeitures 109,053                     117,509                       114,370                  Miscellaneous Revenue 2,442,085                2,302,836                 2,410,762              Total Revenue 25,769,640                25,430,574                 25,179,029            Expenditures General Government 2,630,111                  2,700,095                   2,597,446              Public Safety 4,706,909                  4,590,036                   4,368,472              Public Works 2,977,358                  4,660,597                   3,535,346              Health and Welfare 96,106                       96,325                         93,827                    Culture and Recreation 6,239,403                  6,020,065                   5,861,992              Conservation and Development 6,761,176                  901,572                       1,238,578              Debt Service     Principal 2,429,006                  2,232,399                   1,892,589                  Interest 679,705                     753,345                       808,782                  Capital Outlay 7,612,708                7,538,729                 6,832,674              34,132,482                29,493,163                 27,229,706            (8,362,842)                 (4,062,589)                  (2,050,677)             Other Financing Sources (Uses) Transfers In 9,362,226                  10,044,081                 14,486,415            Transfers Out (5,552,989)                 (7,233,970)                  (12,080,248)           6,194,600                  32,515                         187,274                  Refunding Bonds Issued ‐                              ‐                                ‐                          Premium (Discount) on Bonds Issued ‐                              ‐                                ‐                          Payment to Refunded Bond Escrow Agent ‐                              ‐                                ‐                          Sale of Capital Assets 58,830                       34,673                         26,578                    Insurance Recoveries ‐                            ‐                               ‐                         10,062,667                2,877,299                   2,620,019              1,699,825$                (1,185,290)$                569,342$               10.89% 13.48% 12.36% Net Change in Fund Balances Debt service as a percentage of noncapital expenditures Statistics (Unaudited) Total Expenditures Deficiency of Revenues under Expenditures Proceeds From Long Term Debt Total Other Financing Sources  City of Brookings  Comprehensive Annual Financial Report December 31, 2017 144 2014 2013 2012 2011 2010 2009 2008 3,376,885$            3,016,469$         2,841,272$         2,652,942$        2,386,777$      2,195,782$      2,014,817$              854,150                 829,337               824,933              828,081              811,791           544,121           522,267                   13,163,848            12,806,189         11,423,187         10,869,687        10,516,247      10,405,658      10,675,328              352,603                 356,617               312,756              362,092              491,212           173,839           172,496                   239,343                 278,460               415,398              221,132              158,086           226,109           258,130                   1,418,147              2,264,557           1,158,203           924,513              1,349,720        628,583           897,928                   2,148,309              1,966,908           1,660,204           2,018,029          1,585,429        1,740,750        1,900,111                119,012                 131,109               125,436              127,095              90,867              97,690              106,023                   2,068,555              868,679               1,151,440           4,355,357        1,511,361      1,802,263      2,561,074                23,740,852            22,518,325         19,912,829         22,358,928        18,901,490      17,814,795      19,108,174              2,589,569              2,028,213           1,912,768           1,812,771          1,678,891        1,677,392        1,642,248                4,145,744              4,010,385           3,766,245           3,580,331          3,459,678        3,307,418        3,206,549                3,662,177              8,053,705           3,969,147           3,171,773          3,018,999        2,707,472        2,537,756                97,919                    145,749               83,015                87,768                85,601              85,436              83,448                     5,869,280              5,144,313           5,128,429           5,752,280          5,065,207        4,725,144        4,908,885                1,951,862              990,262               1,916,933           870,748              696,405           1,275,895        654,175                   6,602,213              1,709,729           2,104,628           2,067,011          610,019           1,823,340        1,901,308                750,036                 551,795               701,867              574,969              933,626           734,131           805,499                   8,585,567              4,955,184           9,131,820           7,190,357        6,414,053      6,188,877      6,689,546                34,254,367            27,589,335         28,714,852         25,108,008        21,962,479      22,525,105      22,429,414              (10,513,515)          (5,071,010)          (8,802,023)         (2,749,080)         (3,060,989)       (4,710,310)       (3,321,240)              4,319,909              9,361,323           7,385,314           7,738,544          6,046,458        5,396,083        7,354,896                (3,098,764)             (6,809,201)          (4,446,667)         (4,754,420)         (4,117,803)       (2,845,945)       (4,615,757)              12,118,405            3,081,110           2,362,261           128,394              6,922,220        1,244,986        399,073                   ‐                           ‐                        ‐                        ‐                      10,735,000       ‐                     ‐                            ‐                           ‐                        ‐                        ‐                      143,820            ‐                    ‐                            ‐                          ‐                       ‐                       ‐                      (13,967,350)    ‐                    ‐                            144,667                 181,991               131,991              206,086              175,649           75,432              25,000                     689,811                 ‐                       ‐                       ‐                    ‐                  ‐                  ‐                           14,174,028            5,815,223           5,432,899           3,318,604          5,937,994        3,870,556        3,163,212                3,660,513$            744,213$            (3,369,124)$       569,524$            2,877,005$      (839,754)$        (158,028)$                25.79% 9.69% 13.61% 14.75% 9.93% 15.66% 17.20% Statistics (Unaudited) City of Brookings  Comprehensive Annual Financial Report December 31, 2017 145 Assessed Value and Actual Value of Taxable Property  Fiscal  Year   Agriculture  Property   Residential  Property   Commercial  Property   Total Taxable  Assessed Value   Total Direct  Tax Rate   Estimated  Actual Taxable  Value   Assessed  Value as a  Percentage  of Actual  Value  2017 710,090$           649,977,680$      569,081,239$     1,219,769,009$   2.55                  1,427,426,106$    85% 2016 1,204,840          626,344,925        551,781,913        1,179,331,678     2.55                  1,361,245,510      87% 2015 1,117,070          601,728,500        520,802,468        1,123,648,038     2.61                  1,266,747,083      89% 2014 1,001,010          572,896,960        497,095,358        1,070,993,328     2.64                  1,220,195,094      88% 2013 880,820             549,048,075        468,646,718        1,018,575,613     2.68                  1,171,125,793      87% 2012 922,725             531,622,005        450,729,874        983,274,604         2.65                  1,127,965,599      87% 2011 802,040             536,924,455 441,438,513 979,165,008         2.58                  1,088,200,532      90% 2010 658,740             531,010,785 418,790,992 950,460,517         2.56                  1,057,327,279      90% 2009 1,193,330          519,390,380 404,030,050 924,613,760         2.54                  1,016,293,745      91% 2008 1,276,785          481,112,678 371,310,852 853,700,315         2.54                  910,434,341         94% Fiscal City Direct  Year  Rate (3)County Rate Operating Debt Service Total School 2017 2.55                    4.16                       8.21                      0.97                       9.18                  15.89                      2016 2.55                    4.07                       8.67                      1.01                       9.68                  16.30                      2015 2.61                    4.30                       9.29                      1.05                       10.34                17.25                      2014 2.64                    4.51                       9.56                      1.07                       10.63                17.78                      2013 2.68                    4.78                       9.69                      0.93                       10.61                18.07                      2012 2.65                    4.73                       9.25                      0.94                       10.19                17.57                      2011 2.58                    4.63                       9.17                      0.94                       10.11                17.32                      2010 2.56                    4.68                       9.17                      0.99                       10.16                17.40                      2009 2.54                    4.70                       9.23                      1.04                       10.27                17.51                      2008 (2)2.54                    4.71                       n/a n/a 10.51                17.76                      (2)  Separate operating rate and debt service rate not available for 2006‐2008. (3)  The City's direct rate is a single component. City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Table 6 Last Ten Fiscal Years Direct and Overlapping Property Tax Rates  Statistics (Unaudited) (1)  School District amount varies based on class of property, this table uses owner occupied.  Table 5 Last Ten Fiscal Years Source: Deputy Director of Brookings County Board of Equalization  Source:  County Finance Officer Overlapping Rates Brookings School District (1)Total Direct & Overlapping Rates 146 Comprehensive Annual Financial Report December 31, 2017  Taxable  Assessed Value Rank  Percentage  of Total  Taxable  Assessed  Value   Taxable  Assessed Value Rank  Percentage  of Total  Taxable  Assessed  Value  30,509,900$          1 2.50% 12,560,200$        4 1.47% Bel Brands USA Inc 20,155,800             2 1.65%‐                         18,341,800             3 1.50% 19,270,800         1 2.26% Innovation Village I LLC 17,690,600             4 1.45%‐                         14,957,000             5 1.23% 11,816,900         5 1.38% 11,904,300             6 0.98%‐                         9,932,500               7 0.81% 9,396,000            7 1.10% 9,870,500               8 0.81% 8,594,200            9 1.01% 9,146,700               9 0.75% 10,517,900         6 1.23% Lowe's Co Inc 7,910,100               10 0.65% 7,367,100            10 ‐                           ‐                  16,359,300         3 1.92% ‐                           ‐                  8,986,900            8 1.05% Mills Family Partnership ‐                           ‐                  16,439,400         2 1.93% 150,419,200$        12.33%121,308,700$      13.35%  Fiscal Year  Ended Dec.  31   Taxes Levied for  the Fiscal Year  Actual Amount   Percent of  Levy Collected   Collections  in  Subsequent  Years  Amount   Percentage  of Levy  2017 3,112,984$                  (see note below) 2016 3,010,404                     3,009,134$             99.96%‐$                3,009,134$          99.96% 2015 2,933,514                     2,930,670               99.90% 1,957             2,932,627            99.97% 2014 2,829,351                     2,827,356               99.93% 1,524             2,828,880            99.98% 2013 2,725,609                     2,724,004               99.94% 1,605             2,725,609            100.00% 2012 2,610,007                     2,606,943               99.88%3,064             2,610,007            100.00% 2011 2,525,000                     2,522,853               99.91%2,147             2,525,000            100.00% 2010 2,435,050                     2,431,149               99.84% 3,901             2,435,050            100.00% 2009 2,351,611                     2,338,232               99.43% 13,379           2,351,611            100.00% 2008 2,145,259                     2,137,070               99.62% 8,189             2,145,259            100.00% 3M City of Brookings  Statistics (Unaudited) Table 7 Principal Taxpayers Current Year and Ten Years Ago 2017 2008 Taxpayer  Dakotronics Individual Property Tax Levies and Collections Global Properties LLC Larson Manufacturing Wal‐Mart RPS Prop of Brookings Den‐Will     Totals Source : Brookings County Board of Equalization Table 8 First Bank & Trust Note :   The year shown on this table indicates the year of the levy for collection in the next year, the 2017 tax levy will               be collected in the year 2018, so such information is not available at the time of preparing this table.  Last Ten Fiscal Years Total Collection to Date 147 Historical Sales and Use Tax Receipts Year  General Sales Tax  Second Penny  Sales Tax  Bed and Booze  Tax (1)  2017 6,642,103$                   6,607,370$             914,658$               2016 6,630,466                     6,595,427                935,022                 2015 6,327,828                     6,295,374 852,770 2014 6,180,988                     6,148,462                834,398                 2013 6,031,135                     5,999,034                776,020                 2012 5,353,119                     5,324,296                745,772                 2011 5,083,364                     5,055,937                730,386                 2010 4,930,652                     4,904,535                681,060                 2009 4,883,575                     4,852,351                669,732                 2008 5,034,114                     5,023,927                617,287                 Note 1:  This sales tax is generated on revenue from lodging, alcoholic beverages, prepared food,  Table 10 2017 2016 2015 2014 5,981,653$             5,854,829$           4,817,812$       4,774,773$         Construction 19,042,533             17,709,994          23,198,279      49,954,176         Manufacturing 75,424,180             65,649,247          68,317,602      66,460,875         66,146,585             64,423,894          63,736,072      61,757,973         Wholesale Trade 35,267,841             39,311,898          32,972,756      35,228,991         Retail Trade 434,648,788           424,518,776        403,696,421    388,986,776       10,686,280             8,777,732            7,289,425        7,037,098           Services 117,919,260           110,379,441        103,652,639    98,365,125         Other 1,308                        30,827                  31,605              243,507               765,118,426$          736,656,638$        707,712,611$    712,809,294$     Finance, Insurance, and Real Estate Transportation and Public Utilities Taxable Sales by Category Last Ten Fiscal Years City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Statistics (Unaudited)                  and admission.  Table 9 Last Ten Fiscal Years Source: South Dakota Department of Revenue & Regulation Agriculture, Forestry, Fishing, And Mining 148 Table 10 (continued) 2013 2012 2011 2010 2009 2008 3,162,548$             3,091,160$        3,087,586$        3,181,788$       3,039,659$       3,440,586$        18,793,981             10,474,771        8,618,867          18,999,179      13,245,268      177,826             45,156,711             41,645,668        38,728,774        39,870,007      44,800,267      51,595,198       58,710,762             53,122,067        55,683,634        57,591,566      56,626,863      67,311,733       36,436,419             29,170,715        28,177,927        28,070,480      28,379,271      17,383,415       374,772,056           353,040,255      341,146,735      337,595,550    325,909,561    279,837,198     8,502,522               7,617,294          7,383,082          7,198,463        7,975,351        6,457,586         94,689,688             87,868,632        93,746,109        73,790,455      73,659,678      62,530,126       1,748,854               343,496              299,735              62,855              156,915            ‐                      641,973,541$        586,374,058$    576,872,449$    566,360,343$    553,792,833$    488,733,668$     Taxable Sales by Category Last Ten Fiscal Years City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Statistics (Unaudited) 149 Table 11 Direct and Overlapping Sales Tax Rates  Fiscal Year   City Direct Rate  (1)   City Direct Rate  (2) State Rate  Total Tax Rate  2017 2.00%1.00% 4.50% 7.50% 2016 2.00% 1.00% 4.50% 7.50% 2015 2.00% 1.00% 4.00% 7.00% 2014 2.00% 1.00% 4.00% 7.00% 2013 2.00% 1.00% 4.00% 7.00% 2012 2.00% 1.00% 4.00% 7.00% 2011 2.00% 1.00% 4.00% 7.00% 2010 2.00% 1.00% 4.00% 7.00% 2009 2.00% 1.00% 4.00% 7.00% 2008 2.00% 1.00% 4.00% 7.00% (1)  General Rate  Fiscal Year   Sales Tax Revenue  Bonds   Total Taxable  Sales   Percentage  of Actual  Taxable Sales  Per Capita  2017 16,168,893 765,118,426 2.11% 696.18                 2016 18,075,077 736,656,639 2.45% 778.26                 2015 19,936,067                 707,712,611         2.82% 858.39                 2014 21,343,250                 712,809,294         2.99% 918.98                 2013 12,724,633                 641,973,541         1.98% 563.26                 2012 14,090,239                 586,374,058         2.40% 623.71                 2011 15,805,091                 576,872,449         2.74% 711.04                 2010 17,405,091                 566,360,343         3.07% 789.13                 2009 13,768,040                 553,792,833         2.49% 682.13                 2008 14,815,000                 488,733,668         3.03% 745.78                 (2) This rate is generated on revenue from lodging, alcoholic beverages, prepared food,  Last Ten Fiscal Years City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Statistics (Unaudited)        and admission.  Table 12 Ratio of Net General Bonded Debt Last Ten Fiscal Years Source: South Dakota Department of Revenue and Regulations 150 Comprehensive Annual Financial Report Table 13 Ratio of Outstanding Debt by Type Last Ten Fiscal Years  Fiscal Year   Capital  Leases   Revenue Bonds   Notes and  Loans   Revenue  Bonds  Loans  Capital Leases   Total Primary  Government   Percentage  of Personal  Income (1)   Per Capita  (1)  2017 260,970$      19,487,859$       5,800,000$      5,865,471$      28,495,805$      43,297,098$      103,207,203$       7.01% 4,319.20$      2016 ‐                 21,795,220          ‐                    6,185,336        29,143,534         26,696,924         83,821,014           5.64% 3,543.18         2015 ‐                 24,006,034 ‐                    9,816,751 24,064,478 22,484,843 80,372,106 5.83% 3,461              2014 151,640        25,571,694          ‐                    10,809,915      20,593,606         24,784,739         81,911,594           5.80% 3,527              2013 297,042        17,012,869         2,909,217        11,750,015      4,120,364           27,737,866         63,827,373           4.59% 2,825              2012 486,185        17,993,436         380,000            12,642,228      54,166                23,763,569         55,319,584           3.98% 2,449              2011 652,465        17,681,550         148,123            13,491,721      ‐                       21,505,000         53,478,859           3.91% 2,406              2010 811,476        19,153,156         456,123            7,553,650        ‐                       23,455,000         51,429,405           4.26% 2,332              2009 963,495        14,940,935         764,123            8,078,162        ‐                       25,309,999         50,056,714           4.45% 2,480              2008 1,108,835     15,214,073         924,000            8,570,398        70,412                27,085,000         52,972,718           4.62% 2,667              Source: Direct and Overlapping Governmental Activities Debt As of December 31, 2017 Debt repaid with property taxes:     School District Subtotal, overlapping debt City of Brookings direct debt Total direct and overlapping debt 35,719,215$                           77% Sources: Assessed value data used to estimate applicable percentages provided by the County Auditors Office. Debt outstanding data was  provided by the Brookings School District. Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City of Brookings. This schedule  estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City of  Brookings. This process recognizes that, when considering the governments' ability to issue and repay long‐term debt, the entire debt burden  borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore  responsible for repaying debt, of each overlapping government. (1) The percentage of overlapping debt applicable is estimated by using taxable assessed property values. Applicable percentages were estimated  by determining the portion of the schools taxable assessed value that is within the City's boundaries and dividing it by the Schools' total taxable  assessed value.  27,503,796$                       27,503,796                         19,487,859                         46,991,655$                       Table 14  Estimated Percentage  Applicable  Governmental Activities Business‐type Activities  Estimated Share of  Overlapping Debt (1) Debt OutstandingGovernmental Unit 1) See Table 17 Demographic and Economic Statistics, for income and population data. Statistics (Unaudited) City of Brookings  December 31, 2017 151 2017 2016 2015 2014 2013 61,005,575$     58,966,584$         56,182,402$          53,549,666$           50,928,781$         19,427,934       21,723,310           23,922,139            25,399,103             20,111,263           41,577,641$     37,243,274$         32,260,263$          28,150,563$           30,817,518$         31.8% 36.8% 42.6% 47.4% 39.5% Total Net Debt applicable to the  Limit as a Percentage of Debt Limit Table 15 Legal Debt Margin Information Last Ten Fiscal Years Debt Limit (5% limit) Total Net Debt applicable to Limit Legal Debt Margin  Fiscal year City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Statistics (Unaudited) Note:    The State of South Dakota Constitution sets two legal debt limits on municipalities. The City has an                unrestricted (i.e. for any legally authorized purpose) legal debt limit equal to 5% of the total assessed               value of taxable property. In addition, the Constitution permits the City to issue debt for water or               sewer improvements in an amount equal to 10% of the total value of taxable property. Water or sewer               debt that applies against the 10% limit does not apply against the 5% limit.  152 Statistics (Unaudited) 2012 2011 2010 2009 2008 49,163,730$   48,958,250$   47,523,026$   46,230,688$         42,685,016$            18,649,493     17,829,673     19,609,279     15,705,058           16,208,485              30,514,237$   31,128,577$   27,913,747$   30,525,630$         26,476,531$            37.9% 36.4% 41.3% 34.0% 38.0%  "No Limit"  Debt  Debt Capacity  at 5%  (unrestricted)   Additional 10%  Debt Capacity  (Water/Sewer)  1,220,111,508$     61,005,575$      122,011,151$       2014A Sales Tax Revenue Bonds (3.15%)‐                  9,149,693          ‐                          ‐                  6,510,000          ‐                          ‐                  277,825              ‐                          ‐                  509,200              ‐                          ‐                  301,007              ‐                          SRF Loan No. 4 Bond (3%)‐                  276,305              ‐                          SRF Loan No. 5 Bond (3%)‐                  183,957              ‐                          SRF Loan No. 6 Bond (3%)‐                  1,686,708          ‐                          SRF Loan No. 7 Bond (3.25)28,495,805   ‐                       ‐                          SRF Loan No. 9 Bond (3%)423,021               Revenue Note TIF 4 (7.5%)‐                  110,218              ‐                          885,471         ‐                       ‐                          2011 Series electric Utility Revenue Bonds (.65% to 339%)4,980,000     ‐                       ‐                          34,361,276   19,427,934         Other Debt: Capital Lease ‐ Scoreboard 260,970          Loan ‐ Private Citizen 5,400,000      Loan ‐ Brookings County ‐ CRC 400,000          4,525,000     ‐                       ‐                          9,058,204     ‐                       ‐                          Series 2015A Capital Lease ‐ Hospital Renovation/addition 7,781,863     ‐                       ‐                          Series 2015B Capital Lease ‐ Hospital Renovation/addition 21,932,031 ‐                      ‐                         49,358,068 ‐                      ‐                         Total Debt 83,719,344 19,427,934       ‐                         N/A 41,577,641$      122,011,151$      Total Other Debt Available Debt Capacity Series 2006 Capital Lease ‐ Utility Equipment Series 2012 COP ‐ Skilled Nursing Facility SDHDA TIF 3 (5%) SRF Loan No.2  Bond TIF 1  (3%) SRF Loan No.3 Bond (3%) 2005 Series Electric Utility Revenue Bonds (5.95%) Total Bonded Debt Legal Debt Margin Calculation for Fiscal Year 2017 2017 Assessed Value Maximum Debt Capacity Existing Bonds: 2010A Sales Tax Revenue Bonds (1.25% to 3.15%) Table 15 (cont) Legal Debt Margin Information Last Ten Fiscal Years Fiscal year City of Brookings  Comprehensive Annual Financial Report December 31, 2016 153 Comprehensive Annual Financial Report Fiscal Sales Tax Utility Service Less Operating Net Available Year Revenue Principal Interest Coverage Charge Expense Revenue Principal Interest Coverage 2017 6,607,370$    1,877,326$     518,723$     2.76          2016 6,595,427      1,832,981       560,873       2.76          2015 6,295,374      1,380,000       278,442       3.80         ‐                       ‐                     ‐                    ‐             ‐                ‐             2014 6,148,462      1,355,000       305,542       3.70         ‐                       ‐                     ‐                    ‐             ‐                ‐             2013 5,999,034      1,340,000       322,293       3.61         ‐                       ‐                     ‐                    ‐             ‐                ‐             2012 5,324,296      1,690,000       356,093       2.60         745,772              336,234            409,538            10,822       18,788         13.83         2011 5,055,937      1,600,000       470,023       2.44         ‐                       ‐                     ‐                    ‐             ‐                ‐             2010 4,904,535      1,415,000       588,634       2.45         ‐                       ‐                     ‐                    ‐             ‐                ‐             2009 4,852,351      1,370,000       636,508       2.42         ‐                       ‐                     ‐                    ‐             ‐                ‐             2008 5,023,927      1,330,000       682,434       2.50         ‐                       ‐                     ‐                    ‐             ‐                ‐             City of Brookings  December 31, 2017 Statistics (Unaudited) Table 16 Pledged‐Revenue Coverage State Revolving Fund Bond #2 (not shown here) is to be repaid with property tax increment and if that  isn't sufficient, 2nd Penny Sales Tax. Note:  Details regarding the City's outstanding debt can be found in the notes to the  financial statements.  Operating Expenses do not include interest, depreciation,  amortization, and other post employment benefit expenses. State Revolving Fund Bond #3 shown is backed by storm sewer fees. Last Ten Years Debt Service Debt Service Sales Tax Revenue Bonds State Revolving Fund Bond #3 154 City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Statistics (Unaudited) Table 16  (continued) Pledged‐Revenue Coverage Last Ten Years Utility Service Less Operating Net Available Charge Expense Revenue Principal Interest Coverage 321,144$            40,539$             280,605$         59,865$          54,632$         2.45             332,196              43,596                288,600           56,415            58,082           2.52             329,171              41,926                287,245           53,164            61,333           2.51             313,842              42,521                271,321           50,100            64,397           2.37             308,632              40,065                268,567           47,213            67,284           2.35             302,668              44,932                257,736           44,493            70,005           2.25             304,615              44,136                260,479           41,929            72,569           2.27             295,575              49,621                245,954           39,513            74,985           2.15             267,179              43,753                223,426           37,236            77,262           1.95             271,653              40,359                231,294           35,090            79,407           2.02             Debt Service 2005 Utility Revenue Bonds 155 City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Statistics (Unaudited) Table 16  (continued) Pledged‐Revenue Coverage Last Ten Years Utility Service Less Operating Net Available Charge Expense Revenue Principal Interest Coverage 636,743$               176,929$          459,814$         260,000$         174,301$         1.06               629,302                  ‐                     629,302           255,000           179,047           1.45               627,635                  ‐                     627,635           255,000           182,745           1.43               619,932                  ‐                     619,932           250,000           185,266           1.42               599,627                  ‐                     599,627           250,000           187,557           1.37               570,484                  ‐                     570,484           250,000           185,688           1.31               ‐                           ‐                      ‐                    ‐                    ‐                    ‐                 ‐                          ‐                     ‐                    ‐                    ‐                    ‐                 ‐                          ‐                     ‐                    ‐                    ‐                    ‐                 ‐                          ‐                     ‐                    ‐                    ‐                    ‐                 2011 Utility Revenue Bonds Debt Service 156 Statistics (Unaudited)  Fiscal Year Population (1)  Per Capita  Income (2)   Total Personal  Income  (thousands of   dollars)  (2)   School  Enrollment (3)   Unemploy‐ ment Rate  (4)  2017 23,895                  43,111$           1,471,603$           3,421                  3.5% 2016 23,657                  43,815             1,485,181             3,342                  2.7% 2015 23,225                  41,416             1,379,745             3,400                  2.6% 2014 23,225                  42,862             1,413,079             3,275                  2.6% 2013 22,591                  42,615             1,390,472             3,183                  2.8% 2012 22,591                  42,615             1,390,472             2,983                  3.3% 2011 22,228                  42,622             1,369,025             2,929                  4.2% 2010 22,056                  37,693             1,207,146             2,853                  4.4% 2009 20,184                  35,447             1,124,713             2,794                  3.9% 2008 19,865                  36,545             1,146,155             2,745                  2.4% 2007 19,463                  33,337             1,027,816             2,700                  2.2% Source :  3) Brookings School District Business Office 4) South Dakota Department of Labor Median age from 2010 census was 23.4 year old.  Education statistics per the 2010 census indicate that 93.8%  of the population 25 years or older has a high school degree or greater with 45.5% of the same population  holding a Bachelor's degree or greater. 2) U.S. Department of Commerce Bureau of Economic Analysis.   Personal  Income and Per Capita Income are based on Brookings County.  City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Table 17 Demographic and Economic Statistics Last Ten Fiscal Years 1) U.S. Census Bureau  157 Current Year and Six Years Ago Employees Rank Percentage  of Total City  Employed Employees Rank  Percentage of  Total City  Employed  4,463            1                   18.68% 2,121            1 9.54% 1,600            2                   6.70% 1,655            2 7.45% 1,100            3                   4.60% 796               3 3.58% 557               4                   2.33% 551               4 2.48% 500               5                   2.09% 405               8 1.82% 450               6                   1.88% 443               6 1.99% 425               7                   1.78% 425               7 1.91% Aramark 405               8                   1.69%  400               9                   1.67% 316               9 1.42% 299               10                 1.25% 257               10 1.16% Fishback Financial Corp.‐                455               5 2.05% Total 10,199         42.68%7,424            33.40% Principal Employers Employer 2017 Larson Manufacturing City of Brookings  Comprehensive Annual Financial Report December 31, 2017 Statistics (Unaudited) Table 18 Wal‐Mart Twin City Fan 2011 Daktronics  South Dakota State Univ. 3M Source : Employee data provided by Brookings Economic Development corporation and total city employment  provided by South Dakota Department of Labor. Hy‐Vee Food Store Note: The employment survey is not conducted annually by the Brookings Economic Development Corporation.  The  data from 10 years ago is not available. Brookings Health System Brookings School District 158 Full‐Time Equivalent City Government Employees by Function/Program 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 Mayor/City Council 7777777777 City Clerk 3333333333 City Manager 2211111111 Human Resources 2222222222 Finance 4445444444 Information Technology 2221111111 Community Development 4.4 4.4 4.8 4.8 4.8 4444‐        Engineering 4.6 4.6 5.2 5.2 5.2 66669 Police 36 35 36 35 34 33 33 32 30 30 Fire 3333333333 E‐911 9999877777 Streets 14 14 14 14 14 14 14 14 14 13 Animal Control 1111111111 Aquatic Center 000111‐        ‐        ‐        ‐        Recreation 2231114444 Park 12 11 10 988881111 Ice Arena 111222‐        ‐        ‐        ‐        Forestry 4445555544 Library 10 10 10 10 10 10 10 10 10 10 1111111111 5555666666 Water 10 10 10 10 10 16 16 16 16 16 Electric 33 35 36 35 36 37 37 37 39 39 12 12 12 12 12 16 16 16 17 16 Telephone 99 98 100 102 102 94 93 94 95 95 Hospital 236 236 220 225 234 228 223 234 264 250 Golf Course 22333333‐        ‐        2222222222 6666666666 6666677777 Function/Program Full‐Time Equivalent Employees as of December 31 Table 19 Last Ten Fiscal Years Statistics (Unaudited) Public Safety Public Works Health and Welfare Culture and Recreation General Government Wastewater Solid Waste Collection Solid Waste Disposal Storm Drainage Airport Liquor City of Brookings  Comprehensive Annual Financial Report December 31, 2017 159 Table 20 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 Public Safety Dispatch 7,842 8,043 9,962 9,265 8,069 7,528 7,859 7,115 6,948 7,112 450             455              390            434            426            483 420             459            455             533             Fire 212             231              202            237            203            178            180             198            185             145             4:56 6:02 6:47 5:53 6:08 4:33 6:05 6:20 6:03 6:03 Public Works Community Development Number of code enforcement          investigations 1,543          1,648          936            1,262         1,685         1,325         1,349         1,774         1,565          800             Percent of rental units inspected       & Licensed 32% 36% 29% 19% 35% 23% 24% 19% 37% 35% Engineering Number of building permits issued: Single family 54               78                88              79              70              71              60               75              114             89               Townhomes 5                 4                  7                 5                 3                6                 2                 2                 10               9                  Duplexes ‐              ‐              ‐             2                  ‐             3                  ‐              1                 2                 5                  Apartments 5                 6                  8                 3                 10              16              4                  ‐             7                 8                  5,264          5,060          4,939         4,901         4,758         4,703         4,677         4,655         4580 4,521          836             837              827            822            712            584            565             575            544             517             Tons of refuse collected 4,787          4,738          4,553         4,464         4,406         4,427         4,440         4,577         4,431          4,549          Tons of yard waste collected 696             752              710            589            598            519            514             566            518             397             Street 248.06        246.31        244.13       ‐             231.44      208.00       208.00       208.00       208 197.7 Total miles swept 2,523.00     2,500.00     2,500.00* 2,500.00* ** ** ** ** ** ** Culture and Recreation Park & Recreation Number of season passes sold for pool 1,343          1,420          1,559         1,559         1,410         1,828         1,721         1,861         1659 1,405          Number of season passes sold for golf 341             318              233            198            271            329            313             329            332 282             Number of paid golf rounds played  9‐holes 6,244          6,214          4,729         2,783         3,884         4,735         4,179         4,673         5295 4,903          18‐holes 1,989          1,908          2,673         2,403         2,190         2,600         2,266         2,593         2427 2,125          Library Participants in children's programs 16,536        15,679        37,838       22,216       21,033      20,940       20,695       20,084       22,384        13,355        Use of electronic databases 5,033          8,891          8,713         5,184         5,120         3,219         2,849         3,636         1,711          2,865          Total circulation 218,775      208,255      274,733     278,588     286,892    286,548     297,798     301,802     297940 275,418      Swiftel  Events Held at Swiftel Center 285 262 213 256 249 225 240 208 200 209 Source:  City Departments Notes: * adjusted method of measuring  **Indicates information not available City of Brookings  Comprehensive Annual Financial Repor December 31, 2017 Statistics (Unaudited) Number of households collected Total number of 911 calls Operating Indicators by Function/Program Last Ten Fiscal Years Function/Program Total number of animals impounded Fire calls Solid Waste Average response time (min:sec) Total lane miles swept  Tons of recycling collected 160 Statistics (Unaudited) 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 General Government General Government Buildings 1 1 1 1111111 Stations 1 1 1 1111111 4 4 4 4444444 7 7 7 7776666 248.06   246.31   244.13   236.90   231.44 229.89 228.8 227.97 227.34 227.21 3,157     3,165      3,025     3,025     3,004   2,990   2,933   2,881   2,746   2,664    122 122 118 130 126 126 126 126 118 118 Acreage 662.17 665.55 664.8 664.8 664.8 664.8 664.8 664.8 664.8 664.8 15 15 14 13 13 13 13 13 13 12 21 21 21 21 21 21 21 21 21 20 11 11 11 11 11 11 11 11 11 11 1 1 1 1111111 Runways 2 2 2 2222222 Water Miles of water mains 120.66 126.96 124.02 124.02 122.2 121.87 121.33 121.18 119.51 118.3 Baseball/Softball Fields Recreation Centers Soccer/Football Fields Airport Collection Trucks Other Public Works Paved Streets (miles) Street lights Traffic signals Parks and Recreation City of Brookings  December 31, 2017 Comprehensive Annual Financial Report Playgrounds Table 21 Last Ten Fiscal Years Function/Program Police Fire Stations Refuse Collection Capital Asset Statistics by Function/Program 161                     162 Grant Number/ Federal Pass-Through Passed CFDA Entity Identifying Through to Number Number Subreceipients U.S Department of Transportation Direct Funding: * Airport Improvement Program 20.106 3-46-0005-26-2013 - 18,157$ 20.106 3-46-0005-28-2016 - 11,420 20.106 3-46-0005-29-2017 - 695,576 725,153$ Pass-Through the South Dakota Department of Public Safety, Office of Highway Safety: Highway Safety Cluster State and Community Highway Safety 20.600 2017-00-72 - 13,134 Total U.S. Department of Transportation 738,287 U.S. Department of Health and Human Services Pass-Through the South Dakota Department of Health Capacity Building Assistance to Strengthen Public Health Immunization Infrastructure and Performance 93.733 161MM01 10,000 Pass-Through the State of South Dakota Department of Rural Health: Small Rural Hospital Improvement Grant Program 93.301 ********* - 8,400 Total U.S. Department of Health and Human Services 18,400 General Services Administration Pass-Through the South Dakota Federal Property Agency: Donation of Federal Surplus Personal Property (Note 3) 39.003 ********* - 12,848 Total General Service Administration 12,848 U.S. Department of Interior Pass-Through the South Dakota State Historic Preservation Office: Historic Preservation Fund Grants-In-Aid 15.904 12054336 01 - 19,621 Total U.S. Department of Interior 19,621 U.S. Department of Justice Direct Funding: Bureau of Justice Assistance, Bulletproof Vest Partnership Program 16.607 ********* - 1,680 Total U.S. Department of Justice 1,680 U.S. Department of Agriculture Direct Funding: Forest Service Cooperative Forestry Assistance 10.664 ********* - 500 Total U.S. Department of Agriculture 500 U.S Department of Homeland Security Pass-Through the State of South Dakota Department of Public Safety Homeland Security Grant Program 97.067 12054336 12,640 27,596 Total U.S. Department of Homeland Security 27,596 Total Federal Awards 12,640$ 818,932$ CITY OF BROOKINGS, SOUTH DAKOTA SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FOR THE YEAR ENDED DECEMBER 31, 2017 Total Federal ExpendituresFederal Grantor/Pass-Through Grantor/Program or Cluster Title 163 CITY OF BROOKINGS, SOUTH DAKOTA SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FOR THE YEAR ENDED DECEMBER 31, 2017 ****** No Pass-through entity identifying number available Note 1: Note 2: Note 3: The amount reported represents 23.3% of the original acquisition cost of the federal surplus property received by the municipality. (Original acquisition cost is provided by Federal Surplus Property. It is not what the City actually paid for the items.) Note 4: In accordance with Uniform Guidance, major programs are determined using a risk-based approach. Programs in the above schedule denoted with an asterisk (*) are determined by the independent auditor to be major programs. Note 5 The City previously advanced $372,187 to third parties under the Airport Improvement Program (CFA 20.106), and these advances where presented as federal expenditures on the schedule of expenditures of federal awards in prior years. During 2017, the unspent advances were returned to the City, which ultimately remitted the funds back to the federal agency. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards , wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The City has elected not to use the 10 percent de minimums indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the City of Brookings, South Dakota (the “City”) under programs of the federal government for the year ended December 31, 2017. The accompanying notes are an integral part of this Schedule. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S . Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net position or cash flows, where applicable, of the City of Brookings, South Dakota. 164 Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Independent Auditor's Report The Honorable Mayor and Members of the City Council City of Brookings, South Dakota We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities, the discretely presented component unit, each major fund and the aggregate remaining fund information of the City of Brookings, South Dakota (the City), as of and for the year ended December 31, 2017, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated May 8, 2018, which contained a reference to the reports of other auditors. Our report includes a reference to other auditors who audited the financial statements of the Brookings Health System Fund, the Brookings Municipal Utilities Telephone, Electric, Water and Wastewater Funds, and the Brookings Health System Foundation, as described in our report on the City’s financial statements. This report does not include the results of the other auditors’ testing of internal control over financial reporting or compliance and other matters that are reported on separately by those auditors. Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the City’s financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. 165 Compliance and Other Matters As part of obtaining reasonable assurance about whether the City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. As required by South Dakota Codified Law 4- 11-11, this report is a matter of public record and its distribution is not limited. Lincoln, Nebraska May 8, 2018 166 Report on Compliance for the Major Federal Program and Report on Internal Control over Compliance Independent Auditor's Report The Honorable Mayor and Members of the City Council City of Brookings, South Dakota Report on Compliance for the Major Federal Program We have audited the City of Brookings, South Dakota's (the City’s) compliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on the City's major federal program for the year ended December 31, 2017. The City's major federal program is identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs. Management’s Responsibility Management is responsible for compliance with federal statutes, regulations and the terms and conditions of its federal awards applicable to its federal programs. Auditor’s Responsibility Our responsibility is to express an opinion on compliance for the City's major federal program based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Those standards and the Uniform Guidance require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about the City's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion on compliance for the major federal program. However, our audit does not provide a legal determination of the City's compliance. Opinion on the Major Federal Program In our opinion, the City of Brookings, South Dakota complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on its major federal program for the year ended December 31, 2017. 167 Report on Internal Control over Compliance Management of the City of Brookings, South Dakota is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance, we considered the City's internal control over compliance with the types of requirements that could have a direct and material effect on the major federal program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for the major federal program and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the City's internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose. As required by South Dakota Codified Law 4-11-11, this report is a matter of public record and its distribution is not limited. Lincoln, Nebraska May 8, 2018 168 City of Brookings, South Dakota Schedule of Findings and Questioned Costs Year Ended December 31, 2017 Summary of Auditor’s Results Financial Statements 1. The type of report the auditor issued on whether the financial statements audited were prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) was: Unmodified Qualified Adverse Disclaimer 2. The independent auditor’s report on internal control over financial reporting disclosed: Significant deficiency(ies)? Yes None reported Material weakness(es)? Yes No 3. Noncompliance considered material to the financial statements was disclosed by the audit? Yes No Federal Awards 4. The independent auditor’s report on internal control over compliance for major federal awards programs disclosed: Significant deficiency(ies)? Yes None reported Material weakness(es)? Yes No 5. The opinion expressed in the independent auditor’s report on compliance for major federal awards was: Unmodified Qualified Adverse Disclaimer 6. The audit disclosed findings required to be reported by 2 CFR 200.516(a)? Yes No 7. The City’s major program was: Cluster/Program CFDA Number Airport Improvement Program 20.106 169 City of Brookings, South Dakota Schedule of Findings and Questioned Costs (Continued) Year Ended December 31, 2017 8. The threshold used to distinguish between Type A and Type B programs was $750,000. 9. The City qualified as a low-risk auditee? Yes No 170 City of Brookings, South Dakota Schedule of Findings and Questioned Costs (Continued) Year Ended December 31, 2017 Findings Required to be Reported by Government Auditing Standards Reference Number Finding No matters are reportable. Findings Required to be Reported by the Uniform Guidance Reference Number Finding No matters are reportable. 171 City of Brookings, South Dakota Summary Schedule of Prior Audit Findings Year Ended December 31, 2017 Reference Number Summary of Finding Status No matters are reportable. 172 The Honorable Mayor, Members of the City Council and Management City of Bookings, South Dakota As part of our audits of the financial statements and compliance of the City of Brookings, South Dakota as of and for the year ended December 31, 2017, we wish to communicate the following to you. AUDIT SCOPE AND RESULTS Auditor’s Responsibility Under Auditing Standards Generally Accepted in the United States of America and the Standards Applicable to Financial Audits Contained in Government Auditing Standards Issued by the Comptroller General of the United States and U.S. Office of Management and Budget (OMB) Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) An audit performed in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States and U.S. Office of Management and Budget (OMB) Uniform Guidance is designed to obtain reasonable, rather than absolute, assurance about the financial statements and about whether noncompliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on a major federal program occurred. In performing auditing procedures, we establish scopes of audit tests in relation to the financial statements taken as a whole. Our engagement does not include a detailed audit of every transaction. Our engagement letter more specifically describes our responsibilities. These standards require communication of significant matters related to the financial statement and compliance audits that are relevant to the responsibilities of those charged with governance in overseeing the financial reporting process. Such matters are communicated in the remainder of this letter or have previously been communicated during other phases of the audit. The standards do not require the auditor to design procedures for the purpose of identifying other matters to be communicated with those charged with governance. Audits of the financial statements and compliance do not relieve management or those charged with governance of their responsibilities. Our engagement letter more specifically describes your responsibilities. The audits of the financial statements of the Brookings Health System Fund, the Brookings Municipal Utilities Telephone, Electric, Water and Wastewater Funds, and the Brookings Health System Foundation, a discretely presented component unit of the City, are performed by other auditors. Our opinions, as they relate to the above-mentioned financial statements are based solely on the reports of other auditors. 2 Qualitative Aspects of Significant Accounting Policies and Practices Significant Accounting Policies The City’s significant accounting policies are described in Note 1 of the audited financial statements. The following accounting policies and practices are of significant importance to the City’s financial statements: • Fund accounting and the reconciliation of the governmental funds and government-wide financial statements • Determination of governmental fund types and fund balance classifications • Determination of potential component units Alternative Accounting Treatments No matters are reportable. Management Judgments and Accounting Estimates Accounting estimates are an integral part of financial statement preparation by management, based on its judgments. The following areas involve significant areas of such estimates for which we are prepared to discuss management’s estimation process and our procedures for testing the reasonableness of those estimates: • Allowance for uncollectible accounts • Estimated useful lives assigned to capital assets • Accrued closure/post-closure care costs Financial Statement Disclosures The following areas involve particularly sensitive financial statement disclosures for which we are prepared to discuss the issues involved and related judgments made in formulating those disclosures: • Revenue and receivables disclosures in connection with the Brookings Health System Fund • Debt obligations – Long-term liabilities • Pension plan Audit Adjustments During the course of any audit, an auditor may propose adjustments to financial statement amounts. Management evaluates our proposals and records those adjustments which, in its judgment, are required to prevent the financial statements from being materially misstated. Areas in which adjustments were proposed and recorded include: • Accounts payable 3 Auditor’s Judgments About the Quality of the City’s Accounting Principles During the course of the audit, we made the following observations regarding the City’s application of accounting principles. The City implemented the provisions of the following Governmental Accounting Standards Board (GASB) Statements for its fiscal year ended December 31, 2017: • GASB Statement No. 80 – Blending Requirements for Certain Component Units • GASB Statement No. 81 – Irrevocable Split-Interest Agreements Disagreements with Management No matters are reportable. Difficulties Encountered in Performing the Audit No matters are reportable. Other Material Communications Listed below are other material communications between management and us related to the audit: • Management representation letter (attached) • We orally communicated to management another deficiency in internal control identified during our audit that is not considered a material weaknesses or significant deficiencies OTHER MATTERS We observed the following matters and offer these comments and suggestions with respect to matters which came to our attention during the course of the audit of the financial statements. Our audit procedures are designed primarily to enable us to form an opinion on the financial statements and, therefore, may not bring to light all weaknesses in policies and procedures that may exist. However, these matters are offered as constructive suggestions for the consideration of management as part of the ongoing process of modifying and improving financial and administrative practices and procedures. We can discuss these matters further at your convenience and may provide implementation assistance for changes or improvements. New Accounting Standards Governmental Accounting Standards Board Statement No. 75 The Governmental Accounting Standards Board (GASB) has issued Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions (GASB 75). GASB 75 addresses the accounting and financial reporting for Other Postemployment Benefits (OPEB) that are provided to employees of state and local government employers. GASB 75 establishes standards for measuring and recognizing assets and liabilities, deferred outflows and inflows of resources, and expenses. Note disclosures and required supplementary information requirements about OPEB are also addressed. Governments with postemployment benefits other than pensions need to closely evaluate the impact of this Standard, as the revisions outlined by GASB may require many governments to recognize a much larger OPEB liability than is currently being reported. 4 This statement will be effective for the City’s fiscal year ending December 31, 2018. Governmental Accounting Standards Board Statement No. 83 The Governmental Accounting Standards Board (GASB) has issued Statement No. 83, Certain Asset Retirement Obligations. GASB 83 establishes uniform criteria for governments to recognize and measure certain asset retirement obligations (AROs). An ARO is defined as a legally enforceable liability associated with the retirement of a tangible capital asset. Examples could be costs associated with decommissioning a nuclear power plant or disposal of an x-ray machine. An ARO is recognized when the liability is incurred, which is manifested by the occurrence of both an external obligating event (such as a legally binding contract or a court judgment) and an internal obligating event (such as placing a tangible capital asset into service). A government also recognizes a deferred outflow of resources when it recognizes an ARO liability. The ARO is measured at the best estimate of the current value of outlays expected to be incurred. Additional note disclosures are also required. This statement will be effective for the City’s fiscal year ending December 31, 2019. Governmental Accounting Standards Board Statement No. 84 The Governmental Accounting Standards Board (GASB) has issued Statement No. 84, Fiduciary Activities (GASB 84). GASB 84 establishes criteria for identifying fiduciary activities. It presents separate criteria for evaluating component units, pension and other postemployment benefit arrangements, and other fiduciary activities. The focus is on a government controlling the assets of the fiduciary activity and identification of the beneficiaries of those assets. Fiduciary activities are reported in one of four types of funds: pension (and other employee benefit) trust funds, investment trust funds, private-purpose trust funds, or custodial funds. Custodial funds are used to report fiduciary activities that are not held in a trust. The agency fund designation will no longer be used. GASB 84 also provides guidance on fiduciary fund statements and timing of recognition of a liability to beneficiaries. This statement will be effective for the City’s fiscal year ending December 31, 2019. Governmental Accounting Standards Board Statement No. 87 The Governmental Accounting Standards Board (GASB) has issued Statement No. 87, Leases (GASB 87). GASB 87 provides a new framework for accounting for leases under the principle that leases are financings. No longer will leases be classified between capital and operating. Leases will recognize an intangible asset and a corresponding liability. The liability will be based on the payments expected to be paid over the lease term, which includes an evaluation of the likelihood of exercising renewal or termination options in the lease. Lessors will recognize a lease receivable and related deferred inflow of resources. Lessors will not derecognize the underlying asset. An exception to the general model is provided for short-0term leases that cannot last more than 12 months. Contracts that contain lease and nonlease components will need to be separated so each component is accounted for accordingly. This statement will be effective for the City’s fiscal year ending December 31, 2020. ***** 5 This communication is intended solely for the information and use of management, the Mayor, Members of the City Council and others within the organization and is not intended to be and should not be used by anyone other than these specified parties. May 8, 2018 City of Brookings Staff Report Brookings City & County Government Center, 520 Third Street Brookings, SD 57006 (605) 692-6281 phone (605) 692-6907 fax File #:ID 2018-0257,Version:1 Informational Presentation on the Bob Shelden Athletic Complex Renovation - Park Site Planning and Pre-engineering Services. Summary: Confluence, in collaboration with the Parks, Recreation and Forestry Department, wishes to provide an informational presentation to the City Council pertaining to the RFP for park site planning and pre- engineering services for the renovation of Bob Shelden Athletic Complex. INTRODUCTION & BACKGROUND The informational presentation is related to park facility site planning and associated pre-engineering leading to the eventual renovation of the Bob Shelden Athletic Field Complex. The project site located at 621 Medary Avenue in Brookings is one of the primary amenities of the Dwiggins-Medary Community Park and Athletic Complex. It is also adjacent to the Brookings High School. The facility is a dual-purpose athletic field and hosts youth baseball activities under the auspices of the Brookings Department of Parks, Recreation, and Forestry. It also hosts sub-varsity football games for the Brookings School District. The facility is owned by the City of Brookings. The facility has served the community well, but due to the overall age of the facility and many of its components, it is in need of replacement in the near future. FACILITY DESCRIPTION The current Bob Shelden Field Complex was originally constructed in 1968 and includes a joint use, full-sized natural grass baseball field and a full-sized football field. The entire boundary footprint of the complex is fenced. The baseball field dimensions are approximately 318 feet to left field; 355 feet to left-center field; 412 feet to right-center field; and 357 feet to right field. The field includes a lighting system installed in 1980, permanent bleachers installed in 1989, irrigation system installed in 1990, bullpen area, electronic scoreboard, concrete dugouts, roofed grandstand seating with a press box. Other buildings within the complex include a ticket both/utility building and a maintenance/garage building originally built with the facility in 1968. The concession stand/restroom building was replaced in 2011. A shared-use parking lot services the baseball field complex as well as adjacent youth baseball/softball fields of the Dwiggins-Medary Complex and the Brookings High School Track Facility. Attachments: Presentation City of Brookings Printed on 5/16/2018Page 1 of 1 powered by Legistar™ BOB SHELDEN ATHLETIC COMPLEX PARK SITE PLANNING AND PRE-ENGINEERING SUMMARY May 22nd, 2018 OVERVIEW OF PLANNING PROCESS REVIEW OF PROJECT GOALS REVIEW OF RECOMMENDATIONS STAKEHOLDER INVOLVEMENT CITY OF BROOKINGSPARKS, RECREATION & FORESTRYCOMMUNITY DEVELOPMENTENGINEERING BROOKINGS HIGH SCHOOL BROOKINGS FRIENDS OF BASEBALL PLANNING DESIGN TEAM MASTER PLANNINGLANDSCAPE ARCHITECTURE CIVIL ENGINEERINGSTORMWATERUTILITIES ARCHITECTUREELECTRICAL ENGINEERINGSTRUCTURAL ENGINEERING NOVEMBER 28, 2017 PROGRAMMING AND ANALYSIS KICK-OFF JANUARY 23, 2018 INITIAL PROGRAMMING AND ANALYSIS PRESENTATION AND REVIEW OF PRELIMINARY CONCEPTS MARCH 13, 2018 REVISED CONCEPT AND PRELIMINARY BUDGET REVIEW MARCH 23, 2018 DRAFT FINAL CONCEPT AND BUDGET REVIEW MAY 22, 2018 CITY COUNCIL PRESENTATION DATE TBD SCHOOL BOARD PRESENTATION PLANNING PROCESS 29 320 150 Tuesdays and Thursdays 4:30-8:30pm Mondays and Wednesdays 4:30-8:30pm 4 to 7 Large Tournaments per Season ±90 $1,100,000 SNAPSHOT OF BROOKINGS BASEBALL Number of teams for the current year…………………………………………. Number of participants in FOB………….……………………………………. Approximate number of games scheduled for Bob Shelden this upcoming season………… Little League Fields and Teener West Field usage –upcoming season: Baseball………………….…………….…….……. Fastpitch………………….……….………………. Number of tournaments hosted by FOB……………………. Number of visiting teams attending tournaments…………….……………………. Estimate of economic impact related to FOB participants and tournament visitors in 2017… Sunday Saturday Friday Thursday Wednesday Tuesday Monday 9AM 10AM 11AM NOON 1PM 2PM 3PM 4PM 5PM 6PM 7PM 8PM 9PM 10PM TYPICAL WEEKLY SUMMER SCHEDULE FOR BOB SHELDEN Field Maintenance 1:00pm-3:30pm Available –Practice Available –Games PROJECT GOALS –BOB SHELDEN 1. Re-design and replacement of the grandstand building to provide at least a partially-covered seating capacity of 400-500 to include a press box and underneath storage for teams and equipment. Buildings and structures must meet the most current standards of the Americans with Disabilities Act (ADA). PROJECT GOALS –BOB SHELDEN 2. Re-design of the fencing, lighting, signage, baseline spectator seating (permanent and temporary) and dugouts. PROJECT GOALS –BOB SHELDEN 3.Updating the exterior appearance of the existing ticketing/utility and the concession/restroom buildings. PROJECT GOALS –BOB SHELDEN 4.Re-design the parking lot for capacity of 175 –200 vehicles with proper ingress/egress for entire Dwiggins-Medary Complex. EXISTING PARKING (153 SPACES) PROJECT GOALS –BOB SHELDEN 5.Landscape Improvements. PROJECT GOALS –BOB SHELDEN 6.Infield and Outfield turf design options: a)Natural grass for the infield, outfield, and the football field. b)Synthetic turf for the infield, outfield, and the football field. c)Synthetic turf infield and outfield; Natural turf football field. d)Synthetic turf for infield; Natural grass outfield and football field. NOTE: Due to the varied surfaces, options ‘c’ and ‘d’ eliminate possibility of football at this location. PROJECT GOALS –SCHOOL DISTRICT TRACK FACILITY (separate amenity in the Dwiggins-Medary Complex) 1.Facility lighting options for the potential of lighted football games. PROJECT GOALS –SCHOOL DISTRICT TRACK FACILITY (separate amenity in the Dwiggins-Medary Complex) 2.Relocating the long jump pit area, shot put area and any potential current fencing to enlarge the current natural turf space inside the track area. PROJECT GOALS –SCHOOL DISTRICT TRACK FACILITY (separate amenity in the Dwiggins-Medary Complex) 3.Addition of bleacher seating to the west of the existing bleachers to allow for the centering of seating relative to the 50-yard line. RECOMMENDATIONS SUMMARY OF IMPROVEMENTS (OPTION ‘A’ –SYNTHETIC TURF BASEBALL ONLY;SUB-VARSITY FOOTBALL RELOCATION TO BHS) CITY OF BROOKINGS NEW BOB SHELDEN GRANDSTANDS AND PRESS BOX SYNTHETIC TURF BASEBALL INFIELD AND OUTFIELD NEW BASEBALL FIELD LIGHTING RENOVATED BOB SHELDEN PLAZA EXTERIOR RENOVATION OF EXISTING BUILDINGS RELOCATED SOFTBALL/LITTLE LEAGUE FIELD PARKING LOT RENOVATION UTILITY IMPROVEMENTS BROOKINGS HIGH SCHOOL RELOCATION OF TRACK ELEMENTS FIELD DRAINAGE IMPROVEMENTS NEW FIELD LIGHTING BLEACHER EXPANSION OPTIONAL PARKING EXPANSION SUMMARY OF IMPROVEMENTS (OPTION ‘B’ –SYNTHETIC TURF FOR BOTH BASEBALL AND SUB-VARSITY FOOTBALL AT CURRENT LOCATION) CITY OF BROOKINGS NEW BOB SHELDEN GRANDSTANDS AND PRESS BOX SYNTHETIC TURF –FULL BASEBALL & FOOTBALL NEW BASEBALL & FOOTBALL FIELD LIGHTING NEW SUB-VARSITY FOOTBALL BLEACHERS AND PRESS BOX RENOVATED BOB SHELDEN PLAZA EXTERIOR RENOVATION OF EXISTING BUILDINGS RELOCATED SOFTBALL/LITTLE LEAGUE FIELD PARKING LOT RENOVATION UTILITY IMPROVEMENTS BROOKINGS HIGH SCHOOL -OPTIONAL RELOCATION OF TRACK ELEMENTS FIELD DRAINAGE IMPROVEMENTS NEW FIELD LIGHTING BLEACHER EXPANSION OPTIONAL PARKING EXPANSION COST SUMMARY Estimates prepared in a menu format. Costs represented are construction costs only. The following development scenarios include the minimum components necessary based on feedback from the planning group, including: the School District, City Representatives, and Friends of Baseball. DEVELOPMENT OPTION ‘A’ SYNTHETIC TURF BASEBALL ONLY; SUB-VARSITY FOOTBALL RELOCATION TO BHS) DEVELOPMENT OPTION ‘A’ SYNTHETIC TURF BASEBALL ONLY; SUB-VARSITY FOOTBALL RELOCATION TO BHS) 1. BOB SHELDEN –STADIUM AND PLAZA IMPROVEMENTS ESTIMATED IMPROVEMENTS: $2,379,250 CITY RELOCATE LITTLE LEAGUE FIELD $295,000 CITY 2. BOB SHELDEN FIELD SURFACING SYNTHETIC TURF ON THE ENTIRE BASEBALL FIELD $1,300,000 CITY 3. BOB SHELDEN LED FIELD LIGHTING BASEBALL FIELD ONLY $395,000 CITY 4. BHS –SITE AND STADIUM IMPROVEMENTS SEATING EXPANSION –OPT. E (500 ADDITIONAL SEATS) $285,000 S CHOOL DISTRICT BHS FIELD DRAINAGE IMPROVEMENTS $35,000 SCHOOL DISTRICT TENNIS COURT REMOVAL (OPTIONAL) $30,000 SCHOOL DISTRICT PARKING LOT EXPANSION (EXISTING TENNIS COURTS, OPTIONAL) $175,000 SCHOOL DISTRICT RELOCATE SHOT PUT, DISCUS AND LONG JUMP $65,000 SCHOOL DISTRICT DRAINAGE IMPROVEMENTS TO RELOCATED SHOT, DISCUS AREA $15,000 SCHOOL DISTRICT PRACTICE AREA FENCING MODIFICATIONS –6’ CHAIN LINK $43,000 SCHOOL DISTRICT 5. BHS LED FIELD LIGHTING FOOTBALL FIELD & TRACK LIGHTING $375,000 SCHOOL DISTRICT PROJECT COST ESTIMATION SUMMARY CITY……………….$4,369,250* SCHOOL DISTRICT……$1,023,000* DEVELOPMENT OPTION ‘B’ SYNTHETIC TURF FOR BOTH BASEBALL AND SUB-VARSITY FOOTBALL AT CURRENT LOCATION) DEVELOPMENT OPTION ‘B’ SYNTHETIC TURF FOR BOTH BASEBALL AND SUB-VARSITY FOOTBALL AT CURRENT LOCATION) 1. BOB SHELDEN –STADIUM AND PLAZA IMPROVEMENTS ESTIMATED IMPROVEMENTS: $2,379,250 CITY NEW FOOTBALL BLEACHER W/ PRESS BOX: $220,000 SCHOOL DISTRICT RELOCATE LITTLE LEAGUE FIELD $295,000 CITY 2. BOB SHELDEN FIELD SURFACING SYNTHETIC TURF ON THE ENTIRE BASEBALL FIELD $1,300,000 CITY ADDITIONAL SYNTHETIC TURF TO INCLUDE FOOTBALL FIELD $255,000 SCHOOL DISTRICT 3. BOB SHELDEN LED FIELD LIGHTING BASEBALL FIELD ONLY $395,000 CITY ADDITIONAL LIGHTING TO INCLUDE THE FOOTBALL FIELD $140,000 SCHOOL DISTRICT 4. BHS –SITE AND STADIUM IMPROVEMENTS TENNIS COURT REMOVAL (OPTIONAL) $30,000 SCHOOL DISTRICT PARKING LOT EXPANSION (AT EXISTING TENNIS COURTS -OPTIONAL) $175,000 SCHOOL DISTRICT PROJECT COST ESTIMATION SUMMARY CITY……………….$4,369,250* SCHOOL DISTRICT……$820,000* CONSTRUCTION PHASING(PRELIMINARY) 1. GRANDSTAND PRESS BOX AND PLAZA •SPRING -FALL CONSTRUCTION 2. FIELD LIGHTING IMPROVEMENTS •SUMMER -FALL CONSTRUCTION 3. SOFTBALL/LITTLE LEAGUE FIELD •SUMMER -FALL CONSTRUCTION 4. SYNTHETIC TURF INSTALLATION •FALL CONSTRUCTION 5. PARKING LOT RENOVATION •FALL CONSTRUCTION 1. 3.5. 4. 2.TIMELINE TBD QUESTIONS ? City of Brookings Staff Report Brookings City & County Government Center, 520 Third Street Brookings, SD 57006 (605) 692-6281 phone (605) 692-6907 fax File #:RES 18-039,Version:1 Action to approve Resolution 18-039, a Resolution Awarding Bids on 2018-01SWR, Concrete Maintenance Project REBID. Summary: This resolution will award bids for the 2018-01SWR, Concrete Maintenance Project REBID to Timmons Construction Inc., Brookings, SD. Background: This project is the annual concrete project and entails construction of miscellaneous concrete work including curb and gutter repair, fillets, valley gutters, curb ramps, and sidewalk. This project also includes homeowner trip hazards that were not repaired in the 2017 sidewalk area, which is north of 6th Street and east of Medary Avenue, and property owners in the 2018 sidewalk area who volunteered to be in the project, which is north of 6th Street and west of Medary Avenue. A bid letting was held on May 1, 2018 for this project, however, no bids were received. The local contractors indicated their schedules were busy throughout the summer with work at South Dakota State University and they would not be able to complete the City project by the fall 2018 deadline. The City chose to rebid this project with a July 2019 deadline. This would allow potential bidders to start the project in 2018 and complete the work in early summer 2019. This schedule will also allow the 2019 overlay projects to continue as planned. A bid letting was held at 1:30 PM on May 15, 2018 at the City & County Government Center and the City received the following bids: Timmons Construction Inc., Brookings, SD:$451,942.75 Clark Drew Construction Inc., Brookings, SD $555,192.00 The low bid of Timmons Construction Inc. for $451,942.75 was approximately 16% lower than the engineer’s estimate of $543,377.00. The low bid prices were similar to 2017 bid prices. Fiscal Impact: The City will enter into a contract with Timmons Construction Inc. for the low bid amount of $451,942.75. Recommendation: Staff recommends approval. Attachments: Resolution City of Brookings Printed on 5/17/2018Page 1 of 1 powered by Legistar™ Resolution 18-039 Resolution Awarding Bids on Project 2018-01SWR Concrete Maintenance Project Rebid Whereas, the City of Brookings opened bids for Project 2018-01SWR, Concrete Maintenance Project Rebid on Tuesday, May 15, 2018 at 1:30 pm at the Brookings City & County Government Center; and Whereas, the City of Brookings has received the following bids for the 2018-01SWR Concrete Maintenance Project Rebid: Timmons Construction Inc: $451,942.75 and Clark Drew Construction Inc: $555,192.40. Now Therefore, Be It Resolved that the low bid of $451,942.75 for Timmons Construction Inc. be accepted. Passed and approved this 22nd day of May, 2018. CITY OF BROOKINGS ________________________________ Keith W. Corbett, Mayor ATTEST: _________________________ Shari Thornes, City Clerk City of Brookings Staff Report Brookings City & County Government Center, 520 Third Street Brookings, SD 57006 (605) 692-6281 phone (605) 692-6907 fax File #:ORD 18-009,Version:1 Introduction and First Reading on Ordinance 18-009, an Ordinance rezoning the West 199’ of the East 451’, excluding the South 33’ of Lot 1, Block 1, Christie Springs Addition from Residence R-1D Single-Family to Residence R-3 Apartment District (Fox Run Addition). Public Hearing: June 12, 2018. Summary: The applicant is requesting to rezone a portion of property from R-1D to R-3 to align with the preliminary plat design for Fox Run Addition. Background: The property is currently vacant and is located on the south side of 20th Street South west of Main Avenue South. The general area includes a mix of residential zoning districts with some undeveloped commercial property to the east and southeast. The property was originally rezoned in 2015 as part of the Christie Spring Addition. The City Council approved a rezoning request on February 27, 2018 which zoned the entire property; however, the subdivision design has shifted slightly prompting this rezoning request. The area to be rezoned connects to R-3 zoning to the east. Generally, the established and proposed R-3 zoning is located closer to 20th Street South and Main Avenue South. Findings of Fact: 1. The Future Land Use Map in the Vision 2020 Comprehensive Plan shows the area as residential. 2. The Vision 2020 Comprehensive Plan generally supports placing higher density districts close to arterial streets such as 20th Street South and Main Avenue South. 3. City utilities are available and can be extended to the property. Planning Commission Recommendation: The Planning Commission voted 8-0 to recommend approval of the rezoning request on May 1, 2018. Attachments: Ordinance Hearing Notice Planning Commission Minutes 5/1/2018 Rezoning Map Current Zoning Map City of Brookings Printed on 5/16/2018Page 1 of 2 powered by Legistar™ File #:ORD 18-009,Version:1 Additional Zoning Map R-1D and R-3 Districts City of Brookings Printed on 5/16/2018Page 2 of 2 powered by Legistar™ Ordinance 18-009 An Ordinance to Change the Zoning within the City of Brookings Be It Ordained by the City of Brookings, South Dakota: Section 1. That the real estate situated in the City of Brookings, County of Brookings, State of South Dakota, described as follows, to-wit: West 199’ of the East 451’, Excluding the South 33’ of Lot 1, Block 1, Christie Springs Addition from Residence R-1D Single-Family to Residence R-3 Apartment District (Fox Run Addition) In accordance with Section 94-7 of Article I of Ordinance 17-13 of the Code of Ordinances of Brookings, South Dakota, as said districts are more fully set forth and described in Articles III and IV, Chapter 94 of Ordinance 17-13 of the City of Brookings, South Dakota. Section 2. The permitted use of the property heretofore described be and the same is hereby altered and changed in accordance herewith pursuant to said Ordinance 17-13 of the City of Brookings, South Dakota. Section 3. All sections and ordinances in conflict herewith are hereby repealed. First Reading: May 22, 2018 Second Reading and Adoption: June 12, 2018 Published: June 15, 2018 CITY OF BROOKINGS ________________________ Keith W. Corbett, Mayor ATTEST: _________________________ Shari Thornes, City Clerk If you require assistance, alternative formats and/or accessible locations consistent with the Americans with Disabilities Act, please contact the City ADA Coordinator at 692-6281 at least 48 hours prior to the meeting. Published ______ time(s) at an approximate cost of $ _____________. NOTICE OF HEARING UPON PETITION TO REZONE NOTICE IS HEREBY GIVEN That VK Properties LLC and Advantage Investment Group LLC submitted a petition to rezone the following described real estate in the City of Brookings and Brookings County, South Dakota: West 199 feet of the East 451 feet, Excluding the South 33 feet of Lot 1, Block 1, Christie Springs Addition from Residence R-1D Single-Family to Residence R-3 Apartment District (Fox Run Addition) NOTICE IS FURTHER GIVEN That said request will be acted on by the City Planning Commission at 5:30 PM on Tuesday, May 1, 2018, in the Chambers Room on the third floor of the Brookings City & County Government Center at 520 Third Street, Brookings, South Dakota. Any action taken by the City Planning Commission is a recommendation to the City Council. Any person interested may appear and be heard in this matter. Dated this 20 th day of April, 2018. ____________________________ Staci Bungard City Planner Planning Commission Brookings, South Dakota May 1, 2018 OFFICIAL MINUTES Chairperson Greg Fargen called the regular meeting of the City Planning Commission to order on Tuesday, May 1, 2018, at 5:30 PM in the Chambers Room #310 on the third floor of the City & County Government Center. Members present were Tanner Aiken, Charles Siver, Alan Johnson, Gregg Jorgenson, Lee Ann Pierce, Kristi Tornquist, Eric Rasmussen, and Fargen. James Drew was absent. Also present were City Planner Staci Bungard, Community Development Director Mike Struck, City Engineer Jackie Lanning, James Drew, John Mills, David Kneip, Janet Merriman, Ryan Stadler, Shawn Groen, Bret Enderson, Yilei Huang, Raeann Thompson, Lori Schultz, Dan Hanson, Laura & Michael Kondratuk, Todd Stratmoen, Mark Hyde, Michael Leifgen, and others. Item #4a – VK Properties LLC and Advantage Investment Group LLC have submitted a petition to rezone the West 199 feet of the East 451 feet, Excluding the South 33 feet of Lot 1, Block 1, Christie Springs Addition from Residence R-1D Single-Family to Residence R-3 Apartment District (Fox Run Addition). (Siver/Rasmussen) Motion to approve the rezone request. All present voted aye. MOTION CARRIED. OFFICIAL SUMMARY Item #4a – This is a rezone request from R-1D to R-3 to align with the preliminary plat design for Fox Run Addition. This area is located on the south side of 20th Street South west of Main Avenue South. This area was originally zoned R-1D, but the rezone request is due to the subdivision design shifting slightly. City utilities are available and will be extended to this area. 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SOUTHCHRISTIETHIRDADDITION O.L.DO.L.CO.L. AO.L. B O.L.1ATRACT1CHRISTIEADDITION141516171110987615BLOCK 3CHRISTIE THIRD ADDITIONOWNER:ARLYCE R.THORNEOWNER:ARLYCE R.THORNEF:\22686-00\Design Phase\Acad\Fox Run Preliminary Plat.dwg;12/27/2017 11:59 AM RE V I EW ON L Y FORDESIGNED BY:CHECKED BY:DRAWN BY:DATE:JOB No.:PROJECT / SHEET TITLE : REV.DATE DESCRIPTIONSHEET No. : www.bannerassociates.com - Toll Free: 1.855.323.63421"1/2"0SCALE REDUCTION BARJDBPJCJDBJANUARY 201822686.00REZONING MAP FOX RUN ADDITION BROOKINGS, SD3 OF 4LEGENDMONUMENT (FOUND)EXISTING PROPERTY LINEPROPOSED PROPERTY LINEPROPOSED ZONING BOUNDARY200'100'050'100'HORIZONTAL DATUM:- NAD 83- PROJECTION: SOUTH DAKOTA STATE PLANECOORDINATES NORTH ZONEVERTICAL DATUM:- NAVD 88- GEOID 09BASIS OF BEARING: GEODETIC NORTHALL DIMENSIONS SHOWN ARE INTERMS OF U.S. SURVEY FEETGRID BEARINGR-1D ZONER-2 ZONER-3 ZONECURRENT ZONING MAPFOX RUN ADDITIONAN ADDITION TO THE CITY OF BROOKINGS, BROOKINGS COUNTY, SOUTH DAKOTAZONING REGULATIONS:SINGLE-FAMILYDWELLINGTWO DWELLING UNITS6,00050 FEET20 FEET7 FEET25 FEET35 FEETPER UNIT DENSITYSQ. FT.MIN. LOTAREA SQ. FT.MIN. LOTWIDTHMIN. FRONTYARDMIN. SIDEYARDMIN. REARYARDMAX.HEIGHTR-3 APARTMENT DISTRICT1,815**8,40065 FEET20 FEET 7 FEET25 FEET 35 FEETSINGLE FAMILY ATTACHED0 FEET SIDE YARD2 UNITS9,60075 FEET 20 FEET0 FEET OR 7 FEETON NON-PARTYWALL25 FEET 35 FEET3 UNITS12,00090 FEET 20 FEET25 FEET 35 FEET4 UNITS14,000105 FEET 20 FEET25 FEET 35 FEETAPTS, CONDO'S, TOWNHOUSES*(3 OR MORE UNITS)10,00075 FEET 20 FEET7 FEET***25 FEET 45 FEETOTHER ALLOWABLE USES6,00050 FEET 20 FEET7 FEET***25 FEET 45 FEET0 FEET OR 7 FEETON NON-PARTYWALL0 FEET OR 7 FEETON NON-PARTYWALL* THREE HUNDRED SQUARE FEET OF LANDSCAPED AREA SHALL BE PROVIDED FOR EACH DWELLING UNIT EXCLUSIVE OF REQUIREDBUILDING SETBACK AREAS, ACCESS DRIVES AND PARKING LOTS. TWO-THIRDS OF THE LANDSCAPED AREA SHALL BE LOCATED IN ACONTINUOUS, SINGLE TRACT WHICH CONTAINS NO PORTIONS THEREOF WHICH ARE NOT CONTIGUOUS, ADJACENT AND ABUTTING TOEITHER THE ENTIRE WIDTH OR ENTIRE LENGTH OF SAID TRACT. FIFTY PERCENT OF THE REQUIRED LANDSCAPED AREA MAY BE USEDFOR PARKING SPACES IN EXCESS OF THE MINIMUM REQUIREMENT. PARKING LOTS SHALL BE SCREENED FROM SINGLE-FAMILY ANDTWO-FAMILY RESIDENTIAL USES ACCORDING TO SECTION 94-401.** A MAXIMUM OF 24 DWELLING UNITS PER ACRE SHALL BE ALLOWED.*** THE SIDE YARD WILL BE REQUIRED TO BE INCREASED TO TEN FEET WHEN THE BUILDING IS THREE OR MORE STORIES IN HEIGHT.ZONING REGULATIONS:SINGLE-FAMILYSINGLE-FAMILY,0 FT SIDE YARD - 2 UNITS6,0006,00050 FEET20 FEET6 FEET20 FEET35 FEETPER UNIT DENSITYSQ. FT.MIN. LOTAREA SQ. FT.MIN. LOTWIDTHMIN. FRONTYARDMIN. SIDEYARDMIN. REARYARDMAX.HEIGHTR-1D SINGLE FAMILY6,00012,00080 FEET20 FEET 0 FEET* 20 FEET 35 FEETOTHER ALLOWABLE USES10,00075 FEET 20 FEET6 FEET20 FEET 35 FEETOTHER ALLOWABLE USES9,00075 FEET 20 FEET6 FEET20 FEET 35 FEET4,500* OR 6' ON NON-PARTY WALLDENSITY PER FAMILY REQUIREMENTS DO NOT APPLY TO DORMATORIES, FRATERNITIES, SORORITIES, NURSING HOMESOR OTHER SIMILAR GROUP QUARTERS WHERE NO COOKING FACILITIES ARE PROVIDED IN INDIVIDUAL ROOMS.ZONING REGULATIONS:SINGLE-FAMILYDWELLINGSINGLE-FAMILY 0 FEET SIDEYARD 2 UNITSSINGLE-FAMILY 0 FEET SIDEYARD 3 UNITSSINGLE-FAMILY 0 FEET SIDEYARD 4 UNITSTWO-FAMILY DWELLINGSCONDOMINIUMSTOWNHOUSES2 UNITS3 UNITS4 UNITSAPTS., CONDOMINIUMSTOWNHOUSES* 5 OR MORE UNITSOTHER ALLOWABLE USES7,5006,0005,0004,5004,9504,1003,6752,420**7,50012,00015,00018,0009,90012,30014,70016,0007,50050 FEET80 FEET100 FEET120 FEET65 FEET80 FEET95 FEET100 FEET50 FEET25 FEET25 FEET25 FEET25 FEET25 FEET25 FEET25 FEET25 FEET25 FEET0 FEET OR 7 FEET ONNONPARTY WALL7 FEET0 FEET OR 7 FEET ONNONPARTY WALL0 FEET OR 7 FEET ONNONPARTY WALL7 FEET7 FEET7 FEET7 FEET***7 FEET***25 FEET25 FEET25 FEET25 FEET25 FEET25 FEET25 FEET25 FEET25 FEET35 FEET35 FEET35 FEET35 FEET35 FEET35 FEET35 FEET35 FEET35 FEETPER UNIT DENSITYSQ. FT.MIN. LOTAREA SQ. FT.MIN. LOTWIDTHMIN. FRONTYARDMIN. SIDEYARDMIN. REARYARDMAX.HEIGHTR-2 TWO-FAMILY DISTRICT* THREE HUNDRED SQUARE FEET OF LANDSCAPED AREA SHALL BE PROVIDED FOR EACH DWELLINGUNIT EXCLUSIVE OF REQUIRED BUILDING SETBACK AREAS, ACCESS DRIVES AND PARKING LOTS.TWO-THIRDS OF THE LANDSCAPED AREA SHALL BE LOCATED IN A CONTINUOUS, SINGLE TRACTWHICH CONTAINS NO PORTIONS THEREOF WHICH ARE NOT CONTIGUOUS, ADJACENT AND ABUTTINGTO EITHER THE ENTIRE WIDTH OR ENTIRE LENGTH OF SAID TRACT. PARKING LOTS SHALL BESCREENED FROM SINGLE-FAMILY AND TWO-FAMILY RESIDENTIAL USES ACCORDING TO SECTION94-401.** A MAXIMUM OF 18 DWELLING UNITS PER ACRE SHALL BE ALLOWED.*** THE SIDE YARD WILL BE REQUIRED TO BE INCREASED TO TEN FEET WHEN THE BUILDING IS THREEOR MORE STORIES IN HEIGHT.Area to be rezoned from R-1D to R-3 20TH ST S MAIN AVE S7TH AVE SEBERLEIN DRHALF MOON RDSANTEE TRL OROLE TRLMORNING GLORY DR FINCH CIR BLUE B E L L D R WREN CIR TATANKA PASSSANTEE PASSCOUNCILRIDGE RDTALLGRASS PARKWAYLegend Rezoning A B-2 B-2A B-3 PDD R-1B R-1C R-1D R-2 R-3 R-3A² Fox Run Addition Rezoning Map R-1D to R-3 Sec. 94-125.7. - Residence R-1D single-family. (a) Intent.This district is intended to provide for areas of residential use with a gross density of approximately seven dwelling units per acre or less. The district permits single-family detached dwellings, single-family attached dwellings, and supportive community facilities such as parks, playgrounds, schools, and churches. (b) Scope of regulations.The regulations set forth in this section or set forth elsewhere in this title, when referred to in this section, are the district regulations of the residence R-1D single-family district. (c) Permitted uses.Single-family dwelling including accessory uses incidental thereto such as private garages, parking areas, etc. (d) Permitted special uses.A building or premises may be used for the following purposes in conformance with conditions prescribed herein: (1) All permitted special uses and conditions as stated in section 94-124(d) (R-1A). (2) Single-family zero feet side yard dwelling. a. A maximum of two attached dwelling units are permitted. (3) Private school of general instruction. a. One of the frontages of the premises shall abut upon an arterial or collector street. (4) Family day care. a. Restricted to 12 or less children at any one time. (e) Conditional uses. (1) Retirement or nursing home; (2) Two-family dwelling; (3) Group home; (4) Major home occupation; (5) Public recreation facility. (f) Density, area, yard and height regulations.The R-1D district regulations shall be as follows: Per Unit Density Sq. Ft. Min. Lot Area Sq. Ft. Min. Lot Width Min. Front Yard Min Side Yard Min. Rear Yard Max. Height Single-family 6,000 6,000 50' 20' 6' 20' 35' Single-family, 0 feet side yard - 2 units 6,000 12,000 80' 20' 0'* 20' 35' Two-family 4,500 9,000 75' 20' 6' 20' 35' Other allowable uses 10,000 75' 20' 6' 20' 35' * Or 6' on non-party wall Density per family requirements shall not apply to dormitories, fraternities, sororities, nursing homes or other similar group quarters where no cooking facilities are provided in individual rooms. (g) Accessory uses.Accessory uses and buildings permitted in the R-1D district are buildings and uses customarily incidental to any of the permitted uses in the district. (h) Parking regulations.Parking, loading and stacking within the R-1D district shall be in conformance with the regulations set forth in division 4 of article VI of this chapter. (i) Sign regulations.Signs within the R-1D district shall be in conformance with the regulations set forth in division 5 of article VI of this chapter. (j) Other regulations.Development within the R-1D district shall be in conformance with the regulations set forth in article II of this chapter. Sec. 94-127. - Residence R-3 apartment district. (a) Intent.This district is intended to provide for areas of residential use with a gross density of seven to twenty-four dwelling units per acre. This district provides for single-family, two-family, apartments, condominiums, townhouses, fraternities and sororities and supportive community facilities such as schools, parks, churches and community and public buildings. (b) Scope of regulations.The regulations set forth in this section or set forth elsewhere in this chapter, when referred to in this section, are the district regulations of the Residence R-3 apartment district. (c) Permitted uses. (1) Single-family dwelling including accessory uses incidental thereto, such as private garages, parking areas, etc. (2) Two-family dwelling including accessory uses incidental thereto, such as private garages, parking areas, etc. (3) Single-family zero-feet side yard dwelling. (4) Apartment or condominium. (5) Townhouse. (6) Fraternity and sorority. (7) Family day care. (d) Permitted special uses.A building or premises may be used for the following purposes in conformance with the conditions prescribed herein: (1) All permitted special uses and conditions as stated in section 94-124(d) (R-1A). (2) All permitted special uses and conditions as stated in section 94-126 (R-2), excluding single- family zero-feet side yard dwelling . (3) Day care facility. a. A four-foot high transparent fence shall be constructed between the play area and the street if the play area is adjacent to any arterial or collector street. b. A safe pick-up and drop-off area shall be provided. (4) Retirement or nursing home. a. Parking areas shall be screened from adjacent residential properties by a four-foot high fence or equivalent landscaping. (5) Group home. a. Applicants shall provide statements as to the type of supervision the home will have. (6) Domestic abuse shelter. a. All parking shall be provided on the premises. (e) Conditional uses. (1)Public recreation facility. (2) Nonmunicipal library, museum, art gallery, community center, private club or lodge. (3) Major home occupation. (4) Vocational or trade school. (5) Office. (6) Bed and breakfast. (f) Density, area, yard and height regulations.The R-3 district regulations are as follows: Per Unit Density Sq. Ft. Min. Lot Area Sq. Ft. Min. Lot Width Min. Front Yard Min. Side Yard Min. Rear Yard Max. Height Single-family dwelling 6,000 50 feet 20 feet 7 feet 25 feet 35 feet Two dwelling units 8,400 65 feet 20 feet 7 feet 25 feet 35 feet Single-family attached 0 feet side yard 2 units 9,600 75 feet 20 feet 0 feet or 7 feet on nonparty wall 25 feet 35 feet 3 units 12,000 90 feet 20 feet 0 feet or 7 feet on nonparty wall 25 feet 35 feet 4 units 14,000 105 feet 20 feet 0 feet or 7 feet on nonparty wall 25 feet 35 feet Apts., condominiums, townhouses* (3 or more units) 1,815** 10,000 75 feet 20 feet 7 feet*** 25 feet 45 feet Other allowable uses 6,000 50 feet 20 feet 7 feet*** 25 feet 45 feet *Three hundred square feet of landscaped area shall be provided for each dwelling unit exclusive of required building setback areas, access drives and parking lots. Two-thirds of the landscaped area shall be located in a continuous, single tract which contains no portions which are not contiguous, adjacent and abutting to either the entire width or entire length of said tract. Fifty percent of the required landscaped area may be used for parking spaces in excess of the minimum requirement. Parking lots shall be screened from single-family and two-family residential uses according to section 94-401. **A maximum of 24 dwelling units per acre shall be allowed. ***The side yard will be required to be increased to ten feet if the building is three or more stories in height. Density per family requirements shall not apply to dormitories, fraternities, sororities, nursing homes or other similar group quarters where no facilities are provided in individual rooms. (g) Accessory uses.Accessory uses and building permitted in the R-3 district are buildings and uses customarily incidental to any of the permitted uses in the district. (h) Parking regulations.Parking, loading and stacking within the R-3 district shall be in conformance with the regulations set forth in division 4 of article VI of this chapter. (i) Sign regulations.Signs within the R-3 district shall be in conformance with the regulations set forth in division 5 of article VI of this chapter. (j) Other regulations.Development within the R-3 district shall be in conformance with the regulations set forth in article II of this chapter. City of Brookings Staff Report Brookings City & County Government Center, 520 Third Street Brookings, SD 57006 (605) 692-6281 phone (605) 692-6907 fax File #:ORD 18-010,Version:1 Introduction and First Reading on Ordinance 18-010, an Ordinance rezoning the South 245’ of the West 246’ of the East 495’ of the SE ¼ of the SW ¼ Section 3-T109N-R50W within the Joint Jurisdiction Area (1002 West 32nd Street South). Public Hearing: June 12, 2018. Summary: The owner is requesting the County and City rezone approximately 1.38 acres of land from Joint Jurisdiction A, Agricultural to Joint Jurisdiction Residence R-1A in order to construct one (1) additional residence. Background: The land is located along West 32nd Street South within the three (3) mile joint jurisdictional area generally southwest of the City limits. The property is surrounded by agricultural land with some larger lot residential development within 1/8 of a mile to the east along Opland Loop, which is zoned Residence R-1B. There are several other parcels to the east, fronting Western Avenue, within approximately 1/2 mile that are zoned R-1A and R-1B in the joint jurisdiction area. The parcel is slightly over 40 acres in size and is being used as a small agricultural operation with one (1) existing home site. The owner would like the flexibility to construct a second residence on the property for his son. Currently, the Agricultural District restricts a second residence as it allows for one (1) single- family home per 35 acres. The land to be rezoned is partially located within the floodplain. The owner plans to fill the area to meet the floodplain requirements and submit a Final Plat for the property. Any new development will need to meet the state requirements for wells and septic tanks as City/rural services are not readily available. The County and City Planning Commissions both make a recommendation to their respective governing body. The County Commissioners and City Council hear the rezoning request and make the final determination. In order for the rezoning to be valid, both governing bodies need to approve the request. The Brookings County Commission is scheduled to act on the rezoning request on June 7, 2018 at the time of Second Reading. Findings of Fact: 1. The Vision 2020 Comprehensive Plan provides for some limited residential development in the Joint Jurisdictional area to the south while balancing the goal of a compact development pattern and the preservation of farmland. 2. The area is predominantly agricultural in nature with some residential development to the east. Planning Commission Recommendation: The City Planning Commission voted 2-5 to recommend approval of the rezoning request to the City Council (denied). The County Planning Commission voted 0-9 to recommend approval of the City of Brookings Printed on 5/16/2018Page 1 of 2 powered by Legistar™ File #:ORD 18-010,Version:1 rezoning request to the County Commission (denied). Attachments: Ordinance Joint Planning Commission Minutes 5/1/2018 Hearing Notice Exhibit Map Rezoning Map Joint Jurisdiction Zoning Map County Staff Report City of Brookings Printed on 5/16/2018Page 2 of 2 powered by Legistar™ Ordinance 18-010 An ordinance to change the zoning within the Joint Jurisdictional Area surrounding the City of Brookings Be It Ordained by the governing body of the City of Brookings, South Dakota: That the real estate situated in the Joint Jurisdictional Area surrounding the City of Brookings, in Brookings County, shall be amended as follows, to-wit: The South 245 feet of the West 246 feet of the East 495 feet of the SE ¼ SW ¼ Section 3-T109N-R50W, also known as 1002 West 32nd Street South be and the same is hereby rezoned and reclassified from a Joint Jurisdiction A, Agricultural District to a Joint Jurisdiction Residence R-1A District. In accordance with Section 800 of Article VIII of Appendix C Joint Jurisdictional Area Zoning, of the Brookings Joint Jurisdiction Ordinance, Brookings South Dakota, as said districts are more fully set forth and described in Articles III, IV, V and VI or Ordinance No. 14-80 Appendix C of the City of Brookings, South Dakota. Section 2. The permitted use of the property heretofore described be and the same is hereby altered and changed in accordance herewith pursuant to said Ordinance No. 14- 80 Appendix C of the City of Brookings, South Dakota. Section 3. All sections and ordinances in conflict herewith are hereby repealed. First Reading:May 22, 2018 Second Reading and Adoption:June 12, 2018 Published:June 15, 2018 CITY OF BROOKINGS ____________________________ Keith W. Corbett, Mayor ATTEST _________________________ Shari Thornes, City Clerk City & County Joint Planning Commission Brookings, South Dakota May 1, 2018 OFFICIAL MINUTES City Chairperson Greg Fargen called the meeting of the City & County Planning Commission to order on Tuesday, May 1, 2018, at 8:00 PM in the Chambers Room #310 on the third floor of the City & County Government Center. City members present were Tanner Aiken, Charles Siver, Alan Johnson, Gregg Jorgenson, Kristi Tornquist, Eric Rasmussen, and Fargen. City members absent were James Drew and Lee Ann Pierce. County members present were Robert Rochel-Chairperson, Terrell Spence, Randy Jensen, Chad Ford, Roger Erickson, Darrell Nelson, Darrell Kleinjan, Kimberly Elenkiwich, and Tom Davis. County members absent were Lee Ann Pierce and Michael McHugh. Also present were City Planner Staci Bungard, Community Development Director Mike Struck, County Development Deputy Director Richard Haugen, Steven Hougland, Duane Knutson and others. Item #3a – Steven and Sherrie Hougland submitted a petition to rezone the South 245 feet of the West 246 feet of the East 495 feet of the SE ¼ SW1/4 Section 3-T109N-R50W, also known as 1002 32nd Street South, from a Joint Jurisdiction A, Agricultural District to a Joint Jurisdiction Residence R-1A Single-Family District. (Aiken/Rasmussen) Motion for the City Planning Commission to approve the rezone request. Aiken and Siver voted aye. All others voted no. MOTION FAILED. (Jensen/ Elenkiwich) Motion for the County Planning Commission to approve the rezone request. All present voted no. MOTION FAILED. OFFICIAL SUMMARY Item #3a – The owner is requesting the County and City rezone 1.38 acres of land from JJ Agricultural to Joint Jurisdiction Residence R-1A in order to construct one additional residence. The land is located along West 32nd Street South within the three mile JJA. The property is surrounded by agricultural land with some larger lot residential development within 1/8 of a mile to the east. The parcel is slightly over 40 acres in size and is being used as a small agricultural operation. The owner would like the flexibility to construct a second residence on the property. Currently, the Agricultural District restricts the second residence as it allows for one single family home per 35 acres. The residence would be located within the floodplain and the owner plans to fill the area to meet the floodplain requirements. Steven Hougland explained that his son and his family would like to construct a home in the area that is being requested to rezone. Due to the rural water and well restrictions, they are required to plat off at least 1 acre of land. This area that they have measured off will need to be surveyed to verify the number of acres. Hougland explained that they do have a permit from the Department of Agriculture to dig up a wildlife pond. They will then use this fill to build up this area above the floodplain. Duane Knutson, adjoining land owner, isn’t opposed to this request but is concerned that if this request is passed then the 35 acre rule will be surpassed. Just to the east of the area being requested for rezone, there are 11 approaches within ¼ of a mile, leading to houses. The 35 acre rule was put into place in the 70’s to prevent this from happening. If this rule gets waived then there will be several others requesting to sell off 1 acre parcels of land. Rochel asked how much of the land will be filled, the whole 1.38 acres? Hougland stated no, only the area where the house will be built. Their intent will be to build a split foyer house. Rochel asked how high the base level will have to be, how high will it have to be filled? Hougland suspects that a survey will be completed but they anticipate building up the land by about 2 to 3 feet. Tornquist asked how much of this parcel would be in the floodplain. Bungard explained that just a small portion of it would not be in the floodplain. If you require assistance, alternative formats and/or accessible locations consistent with the Americans with Disabilities Act, please contact the City ADA Coordinator at 692-6281 at least 48 hours prior to the meeting. Published ______ time(s) at an approximate cost of $ _____________. NOTICE OF HEARING UPON PETITION TO REZONE NOTICE IS HEREBY GIVEN That Steven & Sherrie Hougland submitted a petition to rezone the following described real estate in the Joint Jurisdiction Area of the City of Brookings and Brookings County, South Dakota: The South 245 feet of the West 246 feet of the East 495 feet of the SE ¼ SW ¼ Section 3-T109N-R50W, also known as 1002 West 32nd Street South, from a Joint Jurisdiction A, Agricultural District to a Joint Jurisdiction Residence R- 1A Single-Family District. NOTICE IS FURTHER GIVEN That said request will be acted on by the City of Brookings and Brookings County Planning Commission at 8:00 PM on Tuesday, May 1, 2018, in the Chambers Room on the third floor of the Brookings City & County Government Center at 520 Third Street, Brookings, South Dakota. Any action taken by the City of Brookings and Brookings County Planning Commission serves as a recommendation to the Brookings City Council and Brookings County Commission. Any person interested may appear and be heard in this matter. Dated this 20th day of April, 2018. ____________________________ Staci Bungard City Planner W 32ND ST SW 32ND ST SW 32ND ST SW 32ND ST SHougland Rezoning RequestJJ-A to JJ-R-1A1002 W 32nd Street South246'245' 21 5 S T S OPLAND LOOP Legend Rezoning Property Floodplain . Hougland Rezoning Map 21 5 ST 470 AVE469 AVEMAIN AVE S26 T H ST S COUNTY 7735 S T S H E AT H E R L N 36 S T S MA P L E D R S 3 7 T H S T S 3 8 T H S T 3RD AVE SD E A N C T ASPEN AVECRAIG CT UNKNOWNOAK LN Legend Zoning A B-2 B-3 JJ-A JJ-B3 JJ-R1A JJ-R1B JJ-R3A R-1B R-1C R-2 R-3 R-3A Rezoning Property Floodplain CityLimits ² Zoning Map 2018rz001 Staff Report May 1, 2018 Page 1 of 2 BROOKINGS COUNTY DEVELOPMENT Brookings City & County Government Center 520 3rd Street, Suite 200 BROOKINGS, SOUTH DAKOTA 57006 (605)-696-8350 E-Mail: zoning@brookingscountysd.gov RICHARD L. HAUGEN, Deputy Director TELEPHONE: (605) 696-8350 FAX: (605) 696-8355 E-MAIL: rhaugen@brookingscountysd.gov Brookings County Planning and Zoning Commission- Brookings County Board of Adjustment May 1, 2018 – 8:00 PM meeting 2018rz001 – May 1st, 2018 Prepared by Richard Haugen To: Brookings County Commission, May 2, 2018: The Brookings County Planning and Zoning Commission met in a joint meeting with Brookings City Planning and Zoning Commission on May 1, 2018 at 8:00 PM for the rezoning application from Steve and Sherrie Hougland to rezone 1.38 acres of property located in the Joint Jurisdictional Area from an “Agricultural District” to a “Joint Jurisdiction R-1A District”. The Brookings County Planning and Zoning Commission voted 0 - ayes and 9 – nays and the Brookings City Planning Commission voted 2-ayes and 5-nays to deny the rezoning request. The rezoning request is scheduled to be heard by the Brookings County Commission with the First Reading on May 15, 2018 and Second Reading on June 7, 2018 for final approval or denial and the Brookings City Commission is scheduled for First Reading on May 22, 2018 and Second Reading on June 12, 2018 for final approval or denial. Applicant/Owner: Steve and Sherie Hougland, 1002 W 32nd St S, Brookings, SD 57006 Legal Description: “S245’ of the W246’ of the E495’ of the1/4 of Section 3, T109N, R50W (Medary Township)” 2018rz001: Steve and Sherrie Hougland have applied for rezoning of 1.38 acres of land from an Agricultural District to an R1A District located in southwest corner of their farm site located at 1002 W 32nd St S. The property is located in the Brookings County/Brookings City 2018rz001 Staff Report May 1, 2018 Page 2 of 2 Joint Jurisdictional area. The applicant owns 40 acres of land that is currently zoned “A – Agricultural District” which contains their house, a detached garage, barn and numerous out buildings with the balance of the land being pasture and grassland. Brookings County/Brooking City Joint Jurisdiction Ordinance Article IV. Agricultural, Residential and Floodplain and Aquifer Districts Section 410, Residence R-1A single family, 411 Permitted Uses: .1 - Single – family dwelling. The proposed lot; will be used for a family member to build a residence; is located in the floodplain area and the structure would have to be built to Federal Emergency Management Agency floodplain standards and will meet the minimum water and sewer requirements. There are other properties zoned R-1A in the immediate area (see attached maps with corresponding number): 1) located ½ mile to the east of the proposed property at the northeast corner of the intersection of Western Ave and 32nd St; 2) Southern Estates Addition located on Western Ave, 1 mile south of the proposed area and 3) Nelson Addition located on W 20th Street, 1 mile north of the proposed area. The rezoning request will be heard by a joint meeting of the Brookings County Planning and Zoning Commission and the City of Brookings Planning and Zoning Commission. Public notices were published in the Brookings Register on April 16 and 24, 2018. The applicant notified abutting landowner’s by certified mail of the proposed rezoning request at least 10 days prior to the public hearing. Letters were sent to the Medary Township Chairman and Clerk. City of Brookings Staff Report Brookings City & County Government Center, 520 Third Street Brookings, SD 57006 (605) 692-6281 phone (605) 692-6907 fax File #:RES 18-038,Version:1 Public Hearing and Action on Resolution 18-038, a Resolution of Intent to Lease Real Property. Summary: The City is proposing to extend a lease agreement with Rural Technologies, Inc. Background: The City is proposing to lease space in the Research and Technology Center located at 801 32nd Avenue to Rural Technologies, Inc. Rural Technologies, Inc. has agreed to lease 10,434 square feet of office and lab space and 2,134 square feet of garage space. The lease will be on a month-to- month basis with an ending date of December 31, 2020. The space will be utilized by Rural Technologies, Inc. in the biological and chemical analysis and protein and antibody production. Enclosed is a copy of the proposed Lease Agreement with the terms and conditions customarily provided to business and research activities located at the Research and Technology Center. The Notice of Public Hearing was advertised one time, 10 days prior to the hearing. This resolution will allow the City to enter into a Lease Agreement with Rural Technologies, Inc. on a month-to-month basis until December 31, 2020. The following statutes provide guidance for municipalities leasing property. 9-12-5.1. Powers - Lease of property - Term and conditions. Every municipality may lease its municipally-owned property. Any such lease shall be for a term and upon the conditions provided by resolution of the governing body. 9-12-5.2. Powers - Lease to private person - Resolution - Notice -Hearing - Authorization. If the governing body decides to lease any municipally owned property to any private person for a term exceeding one hundred twenty days and for an amount exceeding five hundred dollars annual value it shall adopt a resolution of intent to enter into such lease and fix a time and place for public hearing on the adoption of the resolution. Notice of the hearing shall be published in the official newspaper once, at least ten days prior to the hearing. Following the hearing the governing body may proceed to authorize the lease upon the terms and conditions it determines. Fiscal Impact: The lease will generate $112,876 in annual revenue. Recommendation: Staff recommends approval. Attachments: Resolution Notice of Public Hearing Lease Agreement City of Brookings Printed on 5/17/2018Page 1 of 2 powered by Legistar™ File #:RES 18-038,Version:1 City of Brookings Printed on 5/17/2018Page 2 of 2 powered by Legistar™ Resolution 18-038 Resolution of Intent to Lease Real Property to Rural Technologies, Inc. Be It Resolved by the governing body of the City of Brookings, South Dakota that the City of Brookings intends to enter into a Lease Agreement with Rural Technologies, Inc., on a month-to-month basis terminating on or before December 31, 2018 and pertaining to the following described property: Research & Technology Center – 801 32 nd Avenue, Suite 100 The Lease will be an amount of $10.00 per square foot for 10,434 square feet of office/lab space and $4.00 per square foot for 2,134 square feet of garage/cold storage space. Be It Further Noted, that a Public Hearing on this Resolution was held on May 22, 2018 at 6:00 o’clock P.M. at the Brookings City & County Government Center and that all persons were given an opportunity to be heard on the intent to lease real property. Passed and approved this the 22nd day of May, 2018. CITY OF BROOKINGS, SD Keith W. Corbett, Mayor ATTEST: Shari Thornes, City Clerk NOTICE OF PUBLIC HEARING ON RESOLUTION OF INTENT TO LEASE REAL PROPERTY NOTICE IS HEREBY given that on Tuesday, May 22, 2018, at 6:00 o’clock P.M., the Brookings City Council will hold a public hearing in the Brookings City and County Government Center Chambers, located at 520 Third Street, Brookings, South Dakota, on the Resolution of Intent of the City of Brookings to lease to Rural Technologies, Inc. the following described property in the Research and Technology Center: 801 32 nd Avenue, Suite 100, Brookings, SD At the time and place affixed for said public hearing, all who appear will be given an opportunity to express their views for or against the proposal to lease the above described property. Dated this 11th day of May, 2018. CITY OF BROOKINGS __________________________ Shari Thornes, City Clerk "If you require assistance, alternative formats and/or accessible locations consistent with the Americans with Disabilities Act, please contact the City ADA Coordinator at 692-6281 at least 48 hours prior to the meeting." 1 LEASE AGREEMENT _________________ THIS LEASE AGREEMENT is made and entered into by and between the City of Brookings, South Dakota, a municipal corporation, Lessor, hereinafter referred to as "City", and Rural Technologies Inc. hereinafter referred to as "Tenant". WHEREAS, City owns the Brookings Area Research and Technology Center, located at 801 – 32 nd Avenue, in Brookings, South Dakota, and desires to lease a portion of said facilities to Tenant, and WHEREAS, the above-named Tenant desires to lease a portion of said facilities hereinafter described in accordance with the terms and conditions set forth herein, now therefore, FOR AND IN CONSIDERATION OF THE MUTUAL COVENANTS, CONDITIONS AND PROMISES, THE PARTIES DO HEREBY AGREE AS FOLLOWS: 1. Lease Agreement The City does hereby lease unto Tenant and Tenant does hereby agree to lease and take from City, Suite 100, located in the Brookings Area Research and Technology Center, 801 – 32 nd Avenue, Brookings, South Dakota, as shown on the attached Exhibit “A”, and Unit 1 which contains approximately 8,866 square feet, Unit 2 contains approximately 1,568 square feet, and Unit 3 containing approximately 2,134 square feet, hereinafter referred to as “Unit 1”, “Unit 2” and “Unit 3”. 2. Term/Option to Renew/Expiration This Lease Agreement shall commence on July 1, 2018 and shall be for a month-to- month tenancy which may be cancelled by either party upon giving notice to the other party at least thirty (30) days prior to the end of the month. The term of this lease shall end no later than December 31, 2020. In the event the City terminates the lease prior to December 31, 2020, it shall give as much notice as possible and will work with the Tenant to allow, if possible, additional time to vacate the premises. 3. Use of Premises The above leased premises shall be used by Tenant for the following purposes and no others without the prior written consent of City: Rural Technologies, Inc. will use the premises to conduct its contract research and laboratory business. It will serve as the corporate and business office as well as house laboratories used for biological and chemical analysis and protein and antibody production. No use by Tenant shall be made or permitted to be made upon the premises nor acts done which will increase the existing rate of insurance upon the property or cause cancellation of insurance policies covering said property. Tenant shall not conduct or permit any sale by auction on the premises. 2 4. Rent Monthly Rent for the Duration of this Lease The Tenant shall pay as rent to City during the term of this Lease monthly rent in the sum of $10.00 per square foot for Unit 1 and 2, based upon the occupancy of 10,434 square feet, the sum of $4.00 per square foot for Unit 3, based upon the occupancy of 2,134 square feet, the total annual sum of $112,876 to be payable in equal monthly installments of $9,406.33. Tenant shall pay each monthly rental on or before the 1st day of each month through the full term of this Lease, and is late if paid after the 10th day of the month. Failure to timely pay the rent, in addition to all other remedies, will result in a ten (10%) percent late charge. 5. Utilities Tenant shall be responsible for paying its’ own utilities. 6. Tenant Covenants The Tenant makes the following covenants: A. To keep the interior of Suite 100 (Units 1, 2, and 3) and all fixtures therein in good condition and repair. B. Not to make any structural alterations or additions to Suite 100 (Units 1, 2, and 3) without the written consent of the City. C. Not to assign this Lease, nor sublet Suite 100 (Units 1, 2, and 3), nor to permit any other person to occupy Suite 100 (Units 1, 2, and 3), except for employees and invitees of the Tenant. D. To remove, at the termination of this Lease, all goods and effects, and to leave Suite 100 (Units 1, 2, and 3) at the conclusion of this Lease in good repair and order, reasonable wear and tear excepted. E. To use Suite 100 (Units 1, 2, and 3) for the purpose of the Tenant's business only, and to comply in all respects to the schedule of Tenant's Rules of Occupation, hereinafter called "Rules", attached to this Lease as Exhibit "B", or such amended rules that may be issued by the City or the City's agents. F. To purchase and maintain such insurance as Tenant deems appropriate to protect Tenant from loss of Tenant's property due to fire and/or casualty; and to purchase and maintain a commercial general liability premises policy in the minimum amount of $1,000,000.00 per occurrence and $2,000,000.00 aggregate, and Tenant shall provide the City with a Certificate of Insurance showing City as an additional insured. The Certificate shall provide for a ten (10) day written notice to City in the event of cancellation or material change of coverage. Tenant shall furthermore hold the City harmless and 3 indemnify it from any injury, loss or damage that may occur to the persons or property of employees of Tenant or to other persons visiting the Tenant’s place of business. G. To comply with all Federal, state, or local laws which may affect the Tenant's use of Suite 100 (Units 1, 2, and 3). H. Not to affix signs or advertising displays of any kind, either to the exterior or interior walls of Suite 100 (Units 1, 2, and 3), or to any of its doors or windows, without the prior written consent of City. I. Tenant shall not vacate or abandon the premises at any time during the term hereof, and if Tenant shall abandon or vacate the premises, or be dispossessed by process of law, or otherwise, any personal property belonging to Tenant left upon the premises shall be deemed to be abandoned at the option of the City. J. City shall not be liable for any damage or injury to Tenant, or any other person, or to any property, occurring on the demised premises or any part thereof, and Tenant agrees to hold City harmless from any claims for damages unless such damage or injury results from the negligence of the City. 7. Lessor’s Covenants The City makes the following covenants: A. The City covenants that it has the right to grant this Lease as Owner of the building. B. To keep the exterior of the premises in good repair and condition, and to clean and maintain the areas of the Brookings Area Research and Technology Center which are used in common by all Tenants. The City shall be responsible for the exterior and interior structural maintenance of the building and maintaining the common areas. The City shall be responsible for pest control around the exterior of the Center and in the common areas. The City shall also be responsible for maintenance of the heating and cooling system. C. To insure and keep insured at all times the buildings, structures and fixtures owned by the City against fire, windstorm and similar occurrences. D. To permit the Tenant to occupy Suite 100 (Units 1, 2, and 3) during the term of this Lease quietly and peaceably, provided the Tenant performs the covenants of this Lease. E. To provide and update a directory of Tenants in the reception area and to provide identification signs within the building to enable visitors to locate Tenant. F. To provide suitable means of disposing of a reasonable amount of non-hazardous waste materials resulting from use of the leased premises by Tenant. 4 8. Mutual Covenants A. It is mutually agreed that the principal objective of the Brookings Area Research and Technology Center is to encourage the formation of successful new businesses and to create new job opportunities, and this Lease and any other agreement between the City and the Tenant must be construed in the context of this objective. B. Both parties agree that if Suite 100 (Units 1, 2, and 3) shall be substantially destroyed by windstorm, fire or other happening, then either party may elect to terminate this Lease by giving written notice of termination to the other party. C. If Tenant receives the City's written permission to alter or add to the structure, the alterations or additions will be undertaken at the expense of the Tenant. When written permission has been given by the City, at the time of termination of this Lease by mutual consent and provided the Tenant has complied with the covenants of this Lease, the City will undertake to reimburse the Tenant with a proportionate part of the agreed costs of any alterations or additions which materially improve the building, provided the Tenant agrees to continue to operate its business in the City of Brookings. The details of any agreement of this kind will be contained in the letter of consent granted by the City. 9. Default and Remedies A. Events of Default. The occurrence of any of the following shall constitute a default and material breach of this Lease by Tenant: 1. Any failure by Tenant to pay any rent or any other charge required to be paid under this Lease, or any part thereof, within ten (10) days of the due date; or 2. Any failure by Tenant to observe or perform any other provision, covenant or condition of this lease to be observed or performed by Tenant where such failure continues for ten (10) days after written notice thereof from City to Tenant; provided that if the nature of such default is such that the same cannot reasonably be cured within a ten (10) day period, Tenant shall not be deemed to be in default if it shall commence such cure within such period and thereafter diligently pursue such cure to completion; or 3. Abandonment of the Premises by Tenant; or 4. To the extent permitted by law, or the filing by or against Tenant of any proceeding under bankruptcy law. B. Remedies. In the event of a default by Tenant, the City, in addition to any other remedies set forth herein or available to it at law or in equity, including injunction, at its option, and without further notice or demand of any kind to Tenant or any other person may: 5 1. Terminate this Lease and declare the Lease Term hereof ended and re-enter the Premises and take possession thereof and remove all persons and property therefrom, and Tenant shall have no further claim thereon or hereunder; or 2. Even though the City may have re-entered the Premises, thereafter elect to terminate this Lease and all of the rights of Tenant in or to the Premises. 3. Should the City have re-entered the Premises under the provisions of paragraph 2 above, City shall not be deemed to have terminated this Lease or the liability of Tenant to pay any rental or other charges thereafter accruing, or to have terminated Tenant’s liability for damages under any of the provisions hereof by any action in unlawful detainer or otherwise to obtain possession of the Premises, unless the City shall have notified Tenant in writing that it has so elected to terminate this Lease. Should the City elect to terminate this Lease pursuant to the provisions of this section, the City may recover from Tenant as damages the following: (i) The value at the time of the award of any unpaid rent, late charges and other charges which had been earned or were payable by Tenant at the time of termination. C. Cure of Tenant's Default. Should Tenant fail to pay and discharge, when due and payable any lien or claim for labor or materials, or any claim for damages arising out of the repair, alteration, maintenance and use of the Premises to be paid by Tenant under this Lease, or should Tenant fail to provide evidence of the issuance and coverage of any insurance policy as required by this Lease, or should Tenant fail to fully pay any sum to be paid or perform any covenant or agreement to be performed by Tenant, as provided for in this Lease, after ten (10) days’ written notice from the City, then the City may, at its option and without waiving or releasing Tenant from any of Tenant’s obligations hereunder, pay any such lien, claim, or charge, or settle or discharge any action therefor or satisfy any judgment thereon, or obtain any such insurance, or pay any such sum or perform any such covenant or agreement. All costs, expenses and other sums incurred or paid by the City in connection therewith, together with interest at the rate of one (1%) percent per month on such costs, expenses, and sums from the date incurred or paid by City, shall be deemed to be additional rent hereunder and shall be paid by Tenant to City upon demand, and any default therein shall constitute a breach of the covenants and conditions of this Lease. D. No Waiver. The waiver by the City of any breach of any term, covenant or condition herein contained shall not be deemed to be a waiver of such term, covenant or condition or any subsequent breach of the same or any other term, covenant or condition herein contained. The subsequent acceptance of rent by the City shall not be deemed to be a waiver of any preceding breach by Tenant of any term, covenant or condition of this Lease other than the failure of Tenant to pay the particular rent so accepted, regardless of the City’s knowledge of such preceding breach at the time of acceptance of such rent. No 6 covenant, term or condition of this Lease shall be deemed to have been waived by Landlord unless such waiver is in writing and executed by the City. 10. Miscellaneous A. Any notice from the City to Tenant or from Tenant to City shall be deemed duly served if mailed by certified mail to the last known address of the Tenant, or to the address of the City or to the address of the Agents acting for City, and the customary certified mail receipt shall be conclusive evidence of such service. B. This Lease shall be subject to and construed under the laws of the State of South Dakota. IN WITNESS WHEREOF, the parties have hereto placed their signatures on the day and date set forth below. Dated this 22nd day of May, 2018. CITY OF BROOKINGS, SD, LESSOR By:______________________________________ Jeff Weldon, City Manager City of Brookings P.O. Box 270 Brookings, South Dakota 57006 ATTEST:Telephone No. (605) 692-6281 __________________________________ Shari Thornes, City Clerk Dated this ____ day of___________, 2018. Rural Technologies, Inc., Tenant By:_______________________________________ Christopher Chase Its: President 7 Exhibit "A” MAP DEPICTING Suite 100 8 Exhibit "B” TENANT RULES OF OCCUPATION 1. These are the Rules of Occupation referred to in Section 6 of the Tenant Covenants contained in the Lease between the City and Tenant. 2. Tenants will be required to: a. Ensure that all access doors into the building are properly closed after exit or entry. Fire exit doors are for emergency use only and must not be used for entry or exit or for loading or unloading freight. This requirement is imposed to protect the security and integrity of the whole building and its occupants. b. Dispose of all waste materials in the receptacles provided by the City, and not to leave any garbage or waste materials in any part of the premises or on the parking lot. No oil, grease, paint, or other deleterious matter can be deposited in any drain inside or outside the building. c. Ensure that no gasoline or any other particularly inflammable explosive or combustible material is stored within Suite 100 (Units 1, 2, and 3) occupied by Tenant or on any part of the Brookings Area Research and Technology Center in violation of the City of Brookings Fire Code, with the exception only of fuel contained in the fuel tanks of Tenant’s vehicles. d. Take care to connect all plant and machinery to electrical services in an approved manner and not to overload any electrical circuits. e. Avoid obstructing the corridors or passageways within the Brookings Area Research and Technology Center and to use only approved means of transporting freight, goods or supplies through such corridors or passageways. f. Permit the City scheduled access at all reasonable times to enter and inspect Suite 100 (Units 1, 2, and 3) leased to the Tenant, and to allow contractors employed by the City to enter and carry out repairs or alterations to any part of Suite 100 (Units 1, 2, and 3) or its fixtures, subject to reasonable notice and an opportunity to be present during said repairs or alterations. g. Do nothing which would cause the insurance procured by the City to become void or invalidated. h. To ensure that all employees of the Tenant that access Suite 100 (Units 1, 2, and 3) are aware of these Rules and to make it a condition of employment that employees obey these Rules or any variation of them which are made from time to time. City of Brookings Staff Report Brookings City & County Government Center, 520 Third Street Brookings, SD 57006 (605) 692-6281 phone (605) 692-6907 fax File #:ID 2018-0247,Version:1 Public Hearing and Action on new On-Off Sale Malt Beverage Alcohol Licenses. Summary: Enclosed for Council review and action are the applications for an On-Off Sale Malt Alcohol License. These licenses would be in effect for fiscal year 2018 (7/1/2018 to 6/30/2019). After Council action, applications will be forwarded to the State Department of Revenue for final action and issuance of licenses. Background: Several South Dakota alcoholic beverage laws have been extensively revised, including repeal of some license types. Effective July 1, 2018, the following licenses will be repealed: ·Off-Sale (package) Malt (PB License); ·On-Off Sale Malt Beverage and On-Off Sale South Dakota Farm Wine (BW License); and ·Off-Sale (package) Malt Beverage and Off-Sale (package) South Dakota Farm Wine (PF License). Effective July 1, 2018, the only malt beverage license available is the new On-Off Sale Malt Beverage and On-Off Sale South Dakota Farm Wine License (RB License). The license fee remains at $300. Businesses with BW, PB, or PF Licenses who wish to continue the privileges granted by their license must apply for the new On-Off Sale Malt Beverage and On-Off Sale South Dakota Farm Wine License (RB License). The following businesses all held PB, BW or PF Licenses and are changing to the RB License: ·The Blizzard, Inc., 924 32nd Ave. ·BP of Brookings, Inc., 2420 6th St. ·Casey’s General Store #1694, 620 8th St. So. ·Casey’s General Store #2198, 122 West 6th St. ·Casey’s General Store #2419, 534 22nd Ave. So. ·CHS (dba Zip Trip #63), 1005 6th St. ·CHS (dba Zip Trip #64), 3045 LeFevre Dr. ·El Tapatio, Inc., 1717 6th St. ·Hy-Vee Gas, 716 22nd Ave. So. ·Jim’s Tap, 309 Main Ave. ·Newman’s Kerr McGee, 503 6th St. ·Pints & Quarts, 313 Main Ave. ·Schoon’s Pump-n-Pak, 202 S. Main Ave. ·Sully’s Irish Pub, 421 Main Ave. ·Wal-Mart Supercenter #1538, 2233 6th St. City of Brookings Printed on 5/17/2018Page 1 of 2 powered by Legistar™ File #:ID 2018-0247,Version:1 Recommendation: Staff recommends approval. Attachments: Hearing Notice City of Brookings Printed on 5/17/2018Page 2 of 2 powered by Legistar™ NOTICE OF PUBLIC HEARING On-Off Sale Malt Licenses – NOTICE IS HEREBY GIVEN that the Brookings City Council in and for the City of Brookings, South Dakota, on May 22, 2018, at 6:00 p.m. in the Brookings City & County Government Center Chambers, 520 Third Street, will meet in regular session to consider an application for issuance of On -Off Sale Malt Licenses for the following establishments: The Blizzard, Inc., 924 32nd Ave., Chris Canavati & Mitri Canavati, owners; BP of Brookings, Inc., 2420 6th St., Lance Park, owner; Casey’s General Store #1694, 620 8th St. So.; Casey’s General Store #2198, 122 West 6th St.; Casey’s General Store #2419, 534 22nd Ave. So., Casey’s Retail Co., owner; CHS (dba Zip Trip #63), 1005 6th St.; CHS (dba Zip Trip #64), 3045 LeFevre Dr., CHS Inc., owner; El Tapatio, Inc., 1717 6th St., Guadalupe Rodriguez-Escamilla, owner; Hy-Vee Gas, 716 22nd Ave. So., Curt Osmanshki, Manager; Jim’s Tap, 309 Main Ave., Don Urquart and Mary VandeCrommert, owners; Newman’s Kerr McGee, 503 6th St., Gary Newman, owner; Pints & Quarts, 313 Main Ave., Brennan & Lori Sullivan, owners; Schoon’s Pump -n-Pak, 202 S. Main Ave., Jon Schoon, owner; Sully’s Irish Pub, 421 Main Ave., Brennan & Lori Sullivan, owners; Wal-Mart Supercenter #1538, 2233 6th St., Dennis Tramp, Manager, Brookings, South Dakota. At which time and place all persons interested will be given a full, fair and complete hearing thereon. Dated at Brookings, South Dakota, this 14th day of May, 2018. Shari Thornes, City Clerk Published time(s) at an approximate cost $ . City of Brookings Staff Report Brookings City & County Government Center, 520 Third Street Brookings, SD 57006 (605) 692-6281 phone (605) 692-6907 fax File #:RES 18-042,Version:1 Public Hearing and Action on Resolution 18-042, a Resolution Determining the Necessity of Proposed Sanitary Sewer Assessment Project, 2018-12SSA, located on Western Avenue between Martin Boulevard and 20th Street South. Summary: The City received a petition to install sanitary sewer on Western Avenue between Martin Boulevard and 20th Street South. There are three properties on the east side of Western Avenue that would be subject to the assessment project, and two of the property owners have signed a petition of request. This is the required public hearing, which is the first step in the assessment process. If the City Council adopts the resolution after the public hearing, the City and Brookings Municipal Utilities will proceed with the design and construction of the sanitary sewer. Background: The City received a petition to install sanitary sewer on Western Avenue from approximately 240 feet north of Martin Boulevard to approximately 530 feet north of Martin Boulevard. The project location is shown on the attached map. There are three property owners on the east side of Western Avenue which do not currently have a sanitary sewer main adjacent to their property and are not hooked up to the City’s sanitary sewer system. This project will provide an extension of the sanitary sewer main and each property will receive one sanitary sewer service. The City follows the assessment process as outlined in Chapter 9, Section 43 of SDCL and the first step is a public hearing and approval of a resolution determining the necessity for the project. The project will be assessed based on special benefits, meaning each of the three property owners will receive similar benefits and thereby would pay similar costs. The estimated project cost is $31,329, with each property owner’s estimated cost at $10,433. The attached Resolution outlines the details, including the interest rate of 10% on the unpaid balance, and the assessment may be paid over a ten-year time period. Each property owner was mailed the attached Resolution with a Notice of Hearing by receipt certified mail, and the notice was published as required. The public may speak for or against the project at the public hearing. If the resolution is approved, the City Engineering Department and BMU will proceed with design and construction of the project. The assessment costs will be based on actual final quantities at the bid costs plus 6% engineering and administration fee. Fiscal Impact: The City will assess the cost of the sanitary sewer project when the assessment is levied. Recommendation: Staff is not making a recommendation at this time, pending public hearing comments from affected City of Brookings Printed on 5/17/2018Page 1 of 2 powered by Legistar™ File #:RES 18-042,Version:1 property owners. Attachments: Resolution Property Owner List Map City of Brookings Printed on 5/17/2018Page 2 of 2 powered by Legistar™ Resolution 18-042 Sanitary Sewer Assessment Project 2018-12SSA Western Avenue between Martin Boulevard and 20th Street South Be It Resolved by the City Council of the City of Brookings, South Dakota, as follows: The City Council of the City of Brookings hereby declares the necessity of construction of a sanitary sewer public improvement of the City as follows: Sanitary sewer main, sanitary sewer services, manhole, and gravel restoration on Western Avenue South, from approximately 240 feet north of Martin Boulevard to approximately 530 feet north of Martin Boulevard. 1.The general nature of the improvements is set forth above and reference for details is hereby made to the drawings and specifications to be prepared by the City Engineer and on file with the City Clerk. 2.The materials to be used for the project are: The sanitary sewer shall be 8-inch diameter PVC pipe, manholes shall be concrete and sanitary sewer services shall be 4-inch diameter PVC pipe. 3.The sanitary sewer improvements are substantially uniform. The estimated cost of the sanitary sewer main, services, manhole and street restoration is approximately $31,329 for the project. Therefore, the proposed estimated assessment on a special benefits received basis is $10,443 per property owner. 4.A description of classes of lots to be assessed is as follows: Three assessable lots and tracks located on the east side of Western Avenue, between 240 feet north of Martin Boulevard and 20th Street South. 5.The method of apportionment of benefits is as follows: The cost thereof to be assessed equally against three assessable lots and tracts of land within the sanitary sewer service area according to the special benefits determined by the governing body to accrue to all such lots and tracts from the construction of the improvement. The assessed amount includes engineering and administration costs. The assessment shall be divided into ten (ten) equal annual installments and the interest shall be ten (10) percent per annum on the unpaid balance of the assessment costs for a maximum period of ten (10) years, with interest and penalties applicable to any unpaid or delinquent installments. The above-described improvement shall be hereinafter referred to as Sanitary Sewer Assessment Project No. 2018-12SSA, which shall be deemed a description of the improvement of the streets as hereinabove set forth. Passed and approved this 22nd day of May, 2018. CITY OF BROOKINGS ___________________________ Keith W. Corbett, Mayor ATTEST: ____________________________ Shari Thornes, City Clerk 2018 Sanitary Sewer Assessment Project 2018-12SSA Owner Mailing Address City, State, Zip Lyle and Holly Hawkinson 429 Southview Drive Brookings, SD 57006 Rainer and Tiffani Westall 2011 Western Avenue South Brookings, SD 57006 Jay and Antonia Triplett 2019 Western Avenue South Brookings, SD 57006 100 ft