› Search Reports › database... · SINKING FUND ACCOUNTS COVERING THE PERIOD JULY 1, 2015, to JUNE 30, 2016 ESTIMATE OFNEEDS FOR 2016-2017 EXHIBIT "G" Page 2 Schedule2, Detail

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CITY & TOWN

(NOT DEPARTMENTALIZED)2016-2017

ESTIMATE OF NEEDS

AND FINANCIAL STATEMENT OF THE

FISCAL YEAR 2015-2016

OCJ2 720ISTHE GOVERNING BOARD OF

THE CITY/TOWN OF CLAREMORE

COUNTY OF ROGERS

STATE OF OKLAHOMA

Two copies of this Financial Statement and Estimate ofNeeds should be Hied with the County Clerk not later thanAugust 22 for all Towns and August 27 for allCities. After approval by the Excise Board and the levies arc made, bothstatements should besigned by theappropriate Board Members. One complete signed copy must besentto theStateAuditor and Inspector, 2300 N. Lincoln Blvd., State Capitol, Room 100. Oklahoma City, OK 73105. Ifpublication maynot be had by date required for filing, affidavit and proof ofpublication are required to be attached within five days afterdate of filing.

THE 2016-2017 ESTIMATE OF NEEDS AND FINANCIAL

STATEMENT OF THE FISCAL YEAR 2015-2016

Chairman

Member

Member

PREPARED BY Anne Elfrink. CPA

SUBMITTED TO THE ROGERS COUNTY

EXCISE BOARD THIS DAY OF

BOARD OF COUNTY COMMISSIONERS

Member

Member

Treasurer

City/Town Clerk

2016

S.A.&I. Form 265IR99 Entity: Claremore City, 66 Wednesday, October 12, 2016TvCvClVtU

OCJ 2 7 2016

State Auditorand Inspector

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CLAREMORE, OKLAHOMA

2016-2017

ESTIMATE OF NEEDS



INDEX

Letters and Certifications:

Letter To Excise Board

Page

1

Affidavit of Publication 2

Accountant's Letter 3

Certificate of Excise Board Exhibit "Y" - Page 1

Exhibits:

Exhibit "A" General Fund

Filed

No

Exhibit "G" Sinking Fund Yes

Exhibit "H" Industrial Development Bond Fund No

Exhibit "1" Special Revenue Funds No

Exhibit "J" Capital Project Funds No

Exhibit "K" Enterprise Funds No

Exhibit "L" Internal Service Funds No

Exhibit "Y" Certificate of Excise Board Yes

Estimate ofNeeds

Exhibit "Z" Publication Sheet Yes

S.A.&I. Form 2651R99 Entity: Claremore City, 66 Wednesday, October 12, 2016

THE CITY/TOWN OF CLAREMORE

2016-2017

ESTIMATE OF NEEDS



CITY/TOWN OF CLAREMORE, STATE OF OKLAHOMA

STATE OF OKLAHOMA, COUNTY OF ROGERS, ss:

To the County Excise Board of said County and State, Greeting:-Pursuant to the requirements of 68 O.S. Section 3002, we submit herewith for your consideration, the withinstatement of the fiscal conditionof the City/Town of Claremore , State of Oklahoma, for the fiscal year beginningJuly 1, 2015 and ending June 30, 2016, together with an itemized statement of the estimated needs thereof for the

fiscal year beginning July 1,2016 and ending June 30, 2017. The same have been prepared inconformity to Statute,in relation to which be it further noted that:

1. We, the members of the Governing Board of said City/Town and State,do herebycertify that thestatements herein submitted show the true and correct conditions of the fiscal affairs of said City/Town for thefiscal year ending June 30, 2016, that said statements comprise a "full and accurate statement of the assessments,receipts and expenditures of the preceding year, madeout in detail underseparate heads" that said perparation was hadat an official session of said Board, begun on the first Monday in July, 2016 pursuant to the provisions of 68 O.S.Section 3002.

2. And we further certify that the estimates of the several amounts necessary forcurrent expenses for the fiscalyear beginning July 1,2016 and ending June 30, 2017 as shownunder"Schedule 8"were prepared and filed with theGoverning Boardas of the first Monday in July 2016, that the same have been correctly entered, and that allestimates made are entered as certified by Department Ileads for the respective purposes herein set out.We further certify that the sums requested forsalariesof City/Town officers and the deputiesare calculatedandbased upon authority of salary statutes currently effective and applicable.

3. We further certify that the estimated income from sources other than ad valorem tax, shown on "Schedule 4",may reasonably be expected to be collected as a revenue during the ensuing fiscal year, and is not in excessof the 90% of the amounts collected for the same sources during the fiscal year ending June 30, 2016.

Dated at the office ofthe City/Town Clerk, at Claremore, Oklahoma/this iTiwlr OcJcO^JPCi2016.

/&* _>^j:^Chairman- ,„

died th is\0 day o(V cfe^QO.

(s-i^/^uLo*Membej fifa

Member ( A

, 2016 Secretary and Clerk of Excise Board, Rogers County, Oklahoma.

Page

S.A.&I. Form 2651R99 Entity: Claremore City, 66 Wednesday, October 12,2016

*

Page 2

Anne Marie Elfrink, MS, CPAMember AICPA, OSCPA, and GFOA

3119 E87th Street

Tulsa, OK 74137

918-361-2133

AX: [email protected]

Accountant's Compilation Report

Honorable City Council

Claremore, Oklahoma

I(We) have compiled the 2015-2016 financial statements as of and for the fiscal year ended June 30, 2016, and the2016-2017 Estimateof Needs (SA&l Form 2651R99) and Publication Sheet (SA&I Form 2651R99, Exhibit 'Z') forClaremore, Rogers County included in the accompanying prescribed forms. I(we) have not audited or reviewed thefinancial statements, estimate of needs and publicationsheet forms referred to above and, accordingly,do notexpress an opinion or provide any assurance about whether the financial statements, estimate of needs andpublication sheet forms are in accordance with the basis of accounting prescribed by the Office of the State Auditorand Inspector per 68 OS § 3003.B as promulgated by 68 OS § 3009-3011.

Management is responsible for the preparation and fair presentation of the financial statements, estimate of needsand publication sheet in accordance with the requirements prescribed by the Office of the Oklahoma State Auditorand Inspector per 68 OS §3003.B as promulgated by 68 OS § 3009-3011 and for designing, implementing, andmaintaining internal control relevant to the preparation and fair presentation of the financial statements, estimate ofneeds and publication sheet.

My(Our)responsibility is to conduct the compilation in accordancewith Statements on Standards for Accountingand Review Services issued by the American Institute of Certified Public Accountants. The objective ofacompilation is to assist management in presenting financial information in the form of financial statements withoutundertaking to obtain or provide any assurance that there are no material modifications that should be made to the

The financial statements, estimate of needs and publication sheet included in the accompanying prescribed forms arepresented in accordance with the requirements of the Office of the OklahomaState Auditor and Inspector per 68 OS§ 3003.B as promulgated by 68 OS § 3009-3011 and are not intended to be a complete presentation of the assets andliabilities of Claremore, Rogers County.

This report is intended solely for the information and use of managementof Claremore, Oklahoma, Rogers CountyExcise Board, and for filing with the State Auditor and Inspectorand is not intended to be and should not be used byanyone other than these specified parties.

I am not independent with respect to City of Claremore, Oklahoma.

Anne Marie Elfrink, MS, CPA

October 12,2016


AFFIDAVIT OF PUBLICATION

STATE OF OKLAHOMA, CITY/TOWN OF CLAREMORE

ic •<ore./i cWig first duly sworn according to law, deposes and sa

Personally appeared before me, the undersigned Notary Publi

County Clerk of the City/Town and State aforesaid, who being first duly sworn according to law, deposes and says:That he/she complied with the law by having the financial statement for the fiscal year ending June 30, 2016,and the estimated needs and the estimated income from sources other than ad valorem taxes, for the fiscal year

beginning July 1, 2016 and ending June 30, 2017 published in one issue of the The Claremore Daily Progressa legally-qualified newspaper published - of general circulation, in said county (strike inapplicable phrase)a copy of which together with proof of publication is herewith attached marked Exhibit "Z" and made a part

of hereof.

(Mtn iyCity/Town Clerk

4*,

W'%£Uc ../SiiBscribed and sworn to before me this 1 / day of ( x/Q &£JC*LIl^> ,2016.

~^T-Notarv Public ^ My Comrnjission Expires

Page 3


•

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PROOF OF PUBLICATION

I, JOHN DILMORE of lawful age, being dulysworn, upon oath deposes and says that he is the(editor-publisher) of the Claremore Progress, a dailynewspaper printed in the City of Claremore, RogersCounty, Oklahoma and of a bona fide generalcirculation therein, printed in the English language, andthat the notice of publication, a copy of which is heretoattached, was published in said newspaper foriQ^kp consecutive weeks, tha.first publication beingon the .3/ day of /TY?/ 20 /£' ,and the last davjcf publication being on the ^Vday of &J21 20 fk . and that saidnewspaper has been continuously and uninterruptedlypublished in said county during the period of OneHundred and Four (104) weeks, consecutively, prior tothe first publication of said notice or advertisement, asrequired by House Bill 99, (an Act amending Section54, Oklahoma Statutes 1931) passed by the FifteenthLegislature and effective July 23, 1935, and thereafter.(The advertisement above referred to is a true andprinted copy. Said notice was published in the regularedition of said newspaper and not in a supplementthereof).

Affiant further states that said newspaper meets allthe requirements of the laws of the State of Oklahomawith reference to legal publications.

Subscribed and sworn t

(editor-publisher) of ike CLAREMOHE PROGRESS,

this J/ day of'

My Commission expires:March 2. 2018Commission

#02002897

Pubfeher's Fee $, tiiiii':•>,

Notary Public

75**

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Public NoticePUBLISHED INTHECLAREMORE DAILY PROGRESS, CLAREMORE, OKLAHOMA,

OCTOBER 21,2016.

Statement of Financial Condition as of June 30,2016

Cash fund balance June 30,2016 $ 20

Budget for City of Claremore forFiscal Year Ending June 30,2016

Sinking FundReceipts

Ad valorem tax to be raised by tax levyTotal receipts

Cash fund balancebrought forward

Total available for appropriation

Expenditures

Annual accrualon unpaid judgements

Interest on unpaid judgements

Total expenditures

$ 15,201

15,201

20

$ 15,221

13,775

1,446

$ 15,221

SINKING FUND ACCOUNTS COVERING THE PERIOD JULY 1, 2015, to JUNE 30,2016

ESTIMATE OF NEEDS FOR 2016-2017EXHIBIT "G" 2

Schedule 2, Detail of Judgement Indebtedness as of June 30, 2016 - Not Affecting Homesteads (New)

Judgements For Indebtedness Originally Incurred After 1-8-37 (New)

IN FAVOR OF Ward & Lee, PLC

BY WHOM OWNED 3ity ofClaremonPURPOSE OF JUDGEMENT lunicipal JudgmeCase Number CV-2011-45

NAME OF COURT Rogers CountyDate ofJudgement 7/25/2014

Principal Amount ofJudgement $ 41,324.25 $ s $Tax Levies Made

Principal Amount Provided for to June 30, 2015 $ S s $Principal Amount Provided for In 2015-2016 S 13,774.75 $ s s

PRINCIPAL AMOUNT NOT PROVIDED FOR $ 27,549.50 $ s $

AMOUNT TO PROVIDE BY TAX LEVY FISCAL YEAR 2016-2017

Principal 1/3 S 13,774.75 S s s

Interest S 1,446.35 S $ s

FOR ALL JUDGEMENTS REPORTED:

LEVIED FOR BUT UNPAID JUDGEMENT OBLIGATIOJ

OUTSTANDING JUNE 30, 2015:Principal S S s s

Interest S $ s s

JUDGEMENT OBLIGATIONS SINCE LEVIED FOR:

Principal S S $ sInterest S S s s

JUDGEMENT OBLIGATIONS SINCE PAID:

Principal S 13,774.75 S s s

Interest S 4,339.05 S s s

LEVIED BUT UNPAID JUDGEMENT OBLIGATIONS

OUTSTANDING JUNE 30, 2016:Principal S 13,774.75 S s s

Interest $ 4,339.05 $ $ $Total S 18,113.80 S $ $

Schedule 3, Prepaid Judgements as ofJune 30, 2016

Prepaid Judgements On Indebtedness Originating After January 8, 1937.

NAME OF JUDGEMENT

CASE NUMBER

NAME OF COURT

Principal Amount OfJudgement S $ s

Tax Levies Made

Unreimbursed Balance At June 30, 2015 S s s

Reimbursement By 2015 Tax Levy s s s

Annual Accrual On Prepaid Judgements s s s

Stricken By Court Order S s s

Asset Balance June 30, 2016 $ $ s


SINKING FUND ACCOUNTS COVERING THE PERIOD JULY 1, 2015, to JUNE 30, 2016

ESTIMATE OF NEEDS FOR 2016-2017

EXHIBIT "G" Page 2

Schedule 2, Detail of Judgement Indebtedness as ofJune 30, 2016 - Not Affecting Homesteads (New) (Continued)

TOTAL

ALL

JUDGEMENTS

S $ s $ s s $ 41,324.25

$• $ s s s $ $s s s $ $ s $ 13,774.75s s $ s s s $ 27,549.50

s $ s s s s $ 13,774.75s s s s $ s $ 1,446.35

s s s s $ s $s s s $ s s $

s $ $ $ s $ $s $ s s $ s $

s s $ s $ s $ 13,774.75s $ $ s s s $ 4,339.05

$ s s $ $ s $ 13,774.75s $ $ $ s s $ 4,339.05s $ s s s s $ 18,113.80

Schedule 3, Prepaid Judgements as ofJune 30, 2016 (Continued)

TOTAL

ALL PREPAID

JUDGEMENTS

S s $ s $ $ $

S $ s s s $ $s s s s $ $ $$ $ s s % s $s $ s $ $ s $s s s s s s $



ESTIMATE OF NEEDS FOR 2016-2017EXHIBIT "G" Page 3Schedule 4, Sinking Fund Cash Statement

Revenue Receipts and Disbursements SINKING FUND

Detail Extension

Cash on Hand June 30,2015 $

Investments Since Liquidated S

COLLECTED AND APPORTIONED:

2014 and Prior Ad Valorem Tax S

2015 Ad Valorem Tax $ 18,133.82Protest Tax Refunds $

Miscellaneous Receipts $

TOTAL RECEIPTS $ 18,133.82TOTAL RECEIPTS AND BALANCE $ 18,133.82DISBURSEMENTS:

Coupons Paid $Interest Paid on Past-Due Coupons $

Bonds Paid $

Interest Paid on Past-Due Bonds S

Commission Paid to Fiscal Agency S

Judgements Paid $ 13,774.75Interest Paid on Such Judgements $ 4,339.05

Investments Purchased S

Judgements Paid Under 62 O.S. 1981, § 435 s

TOTAL DISBURSEMENTS $ 18,113.80CASH BALANCE ON HAND JUNE 30, 2016 $ $ 20.02

Schedule 5, Sinking Fund Balance Sheet

SINKING FUND

Detail Extension

Cash Balance on Hand June 30, 2016 $ 20.02Legal Investments Properly Maturing S

Judgements Paid to Recover By Tax Levy $

TOTAL LIQUID ASSETS (In Extension Column) $ 20.02

DEDUCT MATURED INDEBTEDNESS:

a. Past-Due Coupons $

b. Interest Accrued Thereon S

c. Past-Due Bonds $

d. Interest Thereon After Last Coupon $

e. Fiscal Agency Commission on Above s

f. Judgements and Interest Levied for But Unpaid s

TOTAL Items a. Through f. (To Extension Column) $

BALANCE OF ASSETS SUBJECT TO ACCRUALS $ 20.02

DEDUCT ACCRUAL RESERVES IF ASSETS SUFFICIENT:

g. Earned Unmatured Interest $

h. Accrual on Final Coupons s

i. Accrued on Unmatured Bonds $

TOTAL Items g. Through i. (To Extension Column) $

EXCESS OF ASSETS OVER ACCRUAL RESERVES $ 20.02

Wednesday, October 12, 2016S.A.&I. Form 2651R99 Entity: Claremore City, 66


ESTIMATE OF NEEDS FOR 2016-2017EXHIBIT "G" Page 4Schedule 6, Estimate of Sinking Fund Needs

SINKING FUND

Computed By

Governing Board

Provided ByExcise Board

Interest Earnings On Bonds S $Accrual on Unmatured Bonds s $Annual Accrual on "Prepaid"Judgements $ $Annual Accrual on Unpaid Judgements $ 13,774.75 $ 13,774.75Interest on Unpaid Judgements $ 1,446.35 $ 1,446.35Annual Accrual From Exhibit KK S $TOTAL SINKING FUND PROVISION $ 15,221.10 $ 15,221.10

Schedule7, 2015 Ad Valorem Tax Account - Sinking FundsGross Value $

Net Value S - 0.130 Mills Amount

Total Proceeds ofLevy as Certified $ 19,925.18Additions: S -

Deductions: s -

Gross Balance Tax $ 19,925.18Less Reserve for Delinquent Tax s -

Reserve for Protest Pending s -

Balance Available Tax $ 19,925.18Deduct 2015 Tax Apportioned s 18,133.82

Net Balance 2015 Tax in Process of Collection or $ 1,791.36Excess Collections $ -

Schedule 9, Sinking Fund Investments

INVESTED IN

Investments

on Hand

June 30, 2015Since

Purchased

LIQUIDATIONS Barred

byCourt Order

Investments

on Hand

June 30, 2015

By Collectionsof Cost

Amortized

Premium

S $ $ S $ $

$ S S $ S $

$ $ $ $ S $S $ S s $ $S s s s $ $S $ s $ s SS s $ s s SS s s $ s ss $ s $ s $

s $ s s s $TOTAL INVESTMENTS $ $ $ $ $ $




EXHIBIT "G" Page 5

Schedule 10, Miscellaneous Revenue

Source

2015-2016 ACCOUNT

ACTUALLY

COLLECTED

1000 CHARGES FOR SERVICES:

1111 Fees S

1112 Other - s

Total Charges For Services $

INTERGOVERNMENTAL REVENUES:

2000 INTERGOVERNMENTAL REVENUES: - LOCAL SOURCES:

2111 Premium on Bonds Sold $

2112 Proceeds From Sale of Original Bonds s

2113 Payments In Lieu ofTax Revenue $

2114 Revaluation of Real Property Reimbursements s

2115 Other- s2116 Other- s

Total - Local Sources $

3000 INTERGOVERNMENTAL REVENUES - STATE SOURCES:

3111 Sales Tax - OTC s

3112 Other- OTC s

Sub-Total -OTC $

3211 State Payments in Lieu of Tax Revenue $3212 Homestead Exemption Reimbursement s3213 Additional Homestead Exemption Reimbursement s

3214 State Grant s

3215 Other- $

3216 Other- $Total - State Sources $

4000 INTERGOVERNMENTAL REVENUES - FEDERAL SOURCES:

4111 Flood Control s

4112 Federal Payments in Lieu ofTax Revenue s

4113 Bureau of Land Management s4114 Other- s4115 Other - s

Total - Federal Sources $

Grand Total Intergovernmental Revenues $

5000 MISCELLANEOUS REVENUE:

5111 Interest on Investments $5112 Rental or Lease of County Property s5113 Sale of County Property s5114 Insurance Recoveries s

5115 Insurance Reimbursements s5116 Utility Reimbursements s

5117 Resale Property Fund Distribution s

5118 Accrued Interest on Bond Sales s

5119 Dividends on Insurance Policies s5120 Interest on Taxes s5121 Other- s5122 Other- s

Total Miscellaneous Revenue $

6000 NON-REVENUE RECEIPTS: 16111 Contributions From Other Funds s

IGrand Total Sinking Fund $ - 1


Exhibit "Y'

CERTIFICATE OF EXCISE BOARD


Page 1

STATE OF OKLAHOMA, COUNTY OF ROGERS

We, the members of the Excise Board ofsaid County and State, dohereby certify that we have examined theforegoing estimates ofproposed current expenses fortheensuing fiscal yearas filed with theGoverning Board ofClaremore Oklahoma, and those directlyunder, or in contractual relationship with, the Governing Board of Claremore Oklahoma; we have ascertained from the FinancialStatementssubmitted therewith the amount of Surplus Balances of Cash on Hand; we have considered the uncollected ad valoremtaxesof the previousyear or years; and we have ascertainedthat the probableIncomeestimatedto be collected from all sources otherthan ad valorem taxation may reasonably be expected as a revenue for the ensuing fiscal year, and that the same does not exceed90% of the actualcollection from such sources for the previous fiscalyear.

In so doing, we have diligently performed the duties imposed upon the Excise Board by 08 U.S. 1WI Section 5UUV, (1) ascertainingthat the financial statements,as to statistics therein containedreflect the true fiscalconditionat the close of the fiscal year, or causedthe same to be corrected so to show; (2) struck from the estimate of needs so submitted any items not authorized by law and reducedto the sum authorized by law any items restricted by statute as to the amount lawfullyexpendable therefore; (3) supplemented suchestimate,after proper publication, by an estimate of needs prepared by this Excise Board to make provision for mandatorygovernmental functions where the estimate submitted wholly failed or was deemed inadequate to fulfill the mandate of theConstitutions or of the Legislature; (4) computed the total means available to each fund in the manner provided; and (5) then and

Accordingly, we have and do hereby appropriate the Surplus Balances of Cash on Hand, and the Revenues and Levies hereinafter setforth for each Fund to the several and specific purposes named in such estimates, by each, to the intent and purpose thatCONSTITUTIONALGOVERNMENTAL FUNCTIONS shall be first assured and provided for, and subsequently to provide forLegislative Governmental Functions insofar as to the available Surpluses, Revenues and Levies will permit; and we have providedalso that the Levies are in excess of the amount appropriated to needs after deducting the surplus cash balance on hand, andEstimated Revenues other than tax, by the percentage and amount or reserve for delinquent tax as hereinafter set forth, which wehave determined in the manner provided by law.

We further certify that we have examined the within statements ofaccount and estimated needs or requirements of the GoverningBoard of Claremore Oklahoma, in relation to the Sinking Fund or Funds thereof, and after finding the same correct or having causedthe same to be corrected pursuant to 68 O. S. 1991 Section 3009, have approved the requirements therefor to fulfill the conditions ofSection26 and 28 of Article 10, Oklahoma Constitution, and have made and certified a tax levy therefor to the extent of the excess ofsaid total requirements over the total of items 2, 3, 6, and 12 of Exhibit "Y" (Page 2) and any other legal deduction, including a


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CERTIFICATE OF EXCISE BOARD


EXIIIBII "V"

County Excise Board's Appropriationof Income and Revenue

General

Lund

Industrial

Bonds

Sinking Lund;Exc. Homesteads

Appropriation Approved & Provision Made $ $ S 15,221.10Appropriation of Revenues S S s

Excess of Assets Over Liabilities s s S 20.02

Unclaimed Protest Tax Refunds s s s

Miscellaneous Estimated Revenues S s s

Est. Value of Surplus Tax in Process S s s

Sinking Fund Contributions s s s

Surplus Builing Fund Cash s s s

Total Other Than 2015 Tax s $ S 20.02Balance Required s $ S 15,201.08Add 10% for Delinquency s s S 1,520.11lotal Required lor 2015 lax s s S 16,721.19,Kate ot Levy Required and Certified (in Mills) 0.00 0.00 0.15

Page 2

We further certify that the net assessed valuation of the Property, subject to ad valorem taxes, after the amount of all Homestead"deducted in thesaidCounty as finally equalized and certified by theState Board of Equalization forthecurrent year2016-2017 is asj follows:EVALUATION AND 1 FVIFS FXCEIIDINC HOMESTEADS 1

J] Countv II Real || Personal || Public Service |j l otal |lotal Valuation, Rogers || S9cS,p4/.8p6.00 |[_S_24,024.P4/.UU || S 2.SbS.68/.()() || S I26.UJI.09U.UU |

ana that the assessed valuations herein certified have been used in computing the rates ol mill levies and the proceeds thereoi

appropriated as aforesaid; and that having ascertained as aforesaid, the aggregate amount to be raised by ad valorem taxation, wethereupon made the levies therefor as provided by law as follows:

Genen 0.00 Mills; Industrial Bonds 0.00 Mills; Sinking Fund 0.13 Mills; Sub-Total 0.13 Mills;

and we do hereby order the above levies to becertified forthwith bythe Secretary of this Board to theCounty Assessor of said County,sAssessor may immediately extend said levies upon the Tax Rolls for theyear 2017 without regard toany protest that may befiled agains

any levies, as required by 68 O. S. 1991, Section 2869

Dated at .Oklahoma, thigj_j_ day ol (SMX^iHA^J ,2016.

<2AF.xcisc BoarcrChairman -r

^—Excise Board Secretary

S.A.&l. Form 2651R99 Entity: Claremore City, 66 Wednesday, October 12. 2016

ROGERS COUNTY, 66STATISTICAL DATA


Total Valuation

Total Gross Valuation Real Property S 102,716,901.00Total Homestead Exemption S 4,169,045.00

Total Real Property

Total Personal PropertyTotal Public Service Property

Total Valuation of Property

98,547,856.00

24,624,547.00

2,858,687.00

126,031,090.00

JP

/IPs PUBLICATION SHEET - CLAREMORE, OKLAHOMA

NANCIAL STATEMENT OF THE VARIOUS FUNDS FOR THE FISCAL YEAR ENDING JUNE 30, 2016, AND ESTIMATE OF NEEC

FOR THE FISCAL YEAR ENDING JUNE 30,2017, OF THE GOVERNING BOARD OF

CLAREMORE, OKLAHOMAEXHIBIT "Z" Page 1

jp\STATEMENT OF F1NAN1CAL CONDITIONAS OF JUNE 30, 2016

GENERAL FUNLDetail

ASSETS:Cash Balance June 30, 2016 $

Investments $TOTAL ASSETS $

LIABILITIES AND RESERVES:Warrants Outstanding $

Reserve for Interest on Warrants $Reserves From Schedule 8 $

TOTAL LIABILITIES AND RESERVES $CASH FUND BALANCE (Deficit) JUNE 30, 2016 S

0f\

ESTIMATED NEEDS FOR FISCAL YEAR ENDING JUNE 30, 2016

(IP*

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GENERAL FUND

Current Expense

Reserve for Int. on Warrants & Revaluation

Total RequiredFINANCED

Cash Fund Balance

Estimated Miscellaneous Revenue

Total DeductionsBalance to Raise from Ad Valorem Tax

ESTIMATED MISCELLANEOUS REVENUE:1000 Charges for Services2000 Local Sources of Revenue

3000 State Sources of Revenue4000 Federal Sources of Revenue

5000 Miscellaneous Revenue

6111 Contributions from Other FundsTotal Estimated Revenue

INDUSTRIAL DEVELUPMEN1 BUNDS

. Cash Balance on Hand June 30, 20162. Legal Investments Properly Maturing3. Total Liquid AssetsDeduct Matured Indebtedness

a. Past-Due Coupons5. b. Interest Accrued Thereon

6. c. Past-Due Bonds

d. Interest Thereon After Last Coupon8. e. Fiscal Agency Commissions on Above9. Balance of Assets Subject to Accruals1U. Deduct: g. barned Unmatured interest

11. h. Accrual on Final Coupons12. i. Accrued on Unmatured Bonds13. Excess of Assets Over Accrual Reserves*

INDUSTRIAL BOND REQUIREMENTS FOR 2016-2017]Interest Earnings on Bonds

2. Accrual on Unmatured Bonds

Total Sinking Fund RequirementsDeduct:

1. Excess of Assets Over Liabilites

2. Surplus Building Fund CashBalance Require

S.A.&1. Form 2651R99 Entity: Claremore City, 66

0*^

f!SN

GENERAL FUND SINKING FUND BALANCE SHEEI SINKING FUNDT l. cash Balance on Hand June JU, 2U16 T imn

2. Legal Investments Properly Maturing3. Judgements Paid to Recover by Tax Levy

Total Liquid Assets i(nnDeduct Matured Indebtedness:

5. a. Past-Due Coupons6. b. Interest Accrued Thereon7. c. Past-Due Bonds

8. d. Interest Thereon After Last Coupon9. e. Fiscal Agency Commissions on Above10. f. Judgements and Int. Levied for/Unpaid11. Total Items a. Through f.12. Balance of Assets Subject to Accruals" 1M1Deduct Accrual Reserve If Assets Sufficient:

13. g. Earned Unmatured Interest

NDUSTR1AL BONDS

14. h. Accrual on Final Coupons"5. i. Accrued on Unmatured Bonds

16. Total Items g. Through i.17. Excess of Assets Over Accrual Reserves *: 1MIINKING FUND REQUIREMENTS FOR 2016-201. Interest Earnings on Bonds

2. Accrual on Unmatured Bonds

3. Annual Accrual on "Prepaid" Judgements4. Annual Accrual on "Unpaid" Judgements

Interest on Unpaid Judgements$ 13,774.75$ 1,446.35

6. Annual Accrual From Exhibit KK

Total Sinking Fund Requirements $ 13,221.TFDeduct:

. Exces of Assets Over Liabilities

2. Surplus Building Fund CashBalance to Raise By Tax Levy" 15,201.08

Wednesday, October 12, 2016

PUBLICATION SHEET - CLAREMORE, OKLAHOMA

NANCIAL STATEMENT OF THE VARIOUS FUNDS FOR THE FISCAL YEAR ENDING JUNE 30, 2016, AND ESTIMATE OF NEEC

FOR THE FISCAL YEAR ENDING JUNE 30, 2017, OF THE GOVERNING BOARD OF

CLAREMORE, OKLAHOMAEXHIBIT "Z"

** If line 12 is less than line 16 after omitting "h" deduct the followingeach inturn from line 4, "Total Liquid Assets".

SINKINGFUND

13d. j. Unmatured Coupons Due 4-1-201714d. k. Unmatured Bonds So Due15d. 1. Whatever Remains is for Exhibit KK Line E.

I6d. Deficit as Shown on Sinking Fund Balance Sheet.

17d. LessCashRequirements for CurrentFiscal Year in Excess of Cashon Hand (From Line 15dAbove).18d. Remaining Deficit is for Exhibit KK Line F.

* it line 14 is less man the sum ot lines g. h. l. arter omitting "h" deduct the followingeach inturn from line 4, "Total Liquid Assets".

11DUS1 RIAL BUNFUND

13d.j. Unmatured Coupons Due Before 4-1-201714d. k. Unmatured Bonds So Due

15d. 1. Whatever Remains is for Exhibit KKI Line E.

16d. Deficit as Shown on Industrial Bonds Balance Sheet.

17d. LessCashRequirements for CurrentFiscal Year in Excess of Cashon Hand (From Line 15dAbove)18d. Remaining Deficit is for Exhibit KKI Line F'.

CERTIFICATE - GOVERNING BOARD

STATE OF OKLAHOMA, COUNTY OF ROGERS, ss:We, the undersigned duly elected, qualified Governing Officers ofClaremore, Oklahoma, do hereby certify that at ameeting of the68 O. S. 1991 Sec. 3002, the foregoing statement was prepared and is a true and correct condition ofthe Financial Affairs ofsaidCityyTown as reflected by the record ofthe City/Town Clerk and Treasurer. We further certify that the forgoing estimate for currentexpenses for the fiscal year beginning July 1, 2016, and ending June 30, 2017, as shown are reasonably necessary for the properconduct ofthe affairs ofthe said City/Town, that the Estimated Income to be derived from sources other than ad valorem taxationdoes not exceed the lawfully authorized ration ofthe revenue derived from the same sources during the preceding fiscal year.

Chairman of Board Member

Member Member

p* Subscribed andsworn to before methis dayof September, 2016.

* . Notary Public

Member

Member

Attest

County Clerk Seal

Required to be published in a legally-qualified newspaper printed in the County, or one issue published in a legally-qualified newspaper ofgeneral circulation in the County.


Documents

› Search Reports › database... · SINKING FUND ACCOUNTS COVERING THE PERIOD JULY 1, 2015, to JUNE 30, 2016 ESTIMATE OFNEEDS FOR 2016-2017 EXHIBIT "G" Page 2 Schedule2, Detail