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Kenai Peninsula Borough
Popular Annual Financial Report Fiscal year ending
June 30
2016
Ta
ble
of
Co
nte
nts
About the Borough 1
Letter from the Mayor 2
Elected Officials 3
Boroughrsquos Quick Facts 4-5
Property Tax Dollars 6-7
Photos from Around the Borough 8-9
Dollars In Governmental Fund Revenues 10-11
Dollars Out Governmental Fund Expenditures 12-13
Primary Government Financial Statement 14-15
Debt What We Owe 16
Glossary 17
Photos courtesy of Rachel Parra Carla Salzer Anderson Fannon Julie Craig
Mandy Stahl-Redder Amy Mitchell Fred Perez Sarah DesOrmeaux Melissa
Brown Lauri Jensen
About our Borough
The Kenai Peninsula Borough lies directly south of Anchorage the
States principal population center The waters of the Gulf of Alaska
and Prince William Sound border the borough on the south and east
with the dramatic Chigmit Mountains of the Alaska Range bordering
the borough to the west The Cook Inlet divides the borough into two
land masses The Kenai Mountains run north and south through the
peninsula contrasting to the lowlands lying to their west The west
side of the Inlet is sparsely inhabited with the village of Tyonek being
the largest populated settlement The boundaries of the borough en-
compass a total of 24752 square miles of which 16075 square miles
are land In comparison the total land mass of the borough equals that
of Massachusetts and New Jersey combined However the total bor-
ough population is just less than 58000 There is a Borough-wide gov-
ernment based in Soldotna consisting of a strong mayor and an as-
sembly of representatives from all areas of the Borough The Borough
collects sales and property taxes and provides services such as road
maintenance waste collection facilities
emergency services and major funding
for public schools 2016
1
Dear Kenai Peninsula Borough Residents
We are pleased to present the Kenai Peninsula Boroughrsquos (KPB) Popular Annual Financial Report (PAFR) for the 2016 Fiscal Year
This is the third year a PAFR has been published by the KPB The report is designed to present a condensed user friendly overview of the Boroughrsquos financial position financial practices and additional details outlining how KPB revenues were generated and spent over the last Fiscal Year The financial information in this report is taken from the independently audited financial statements that are part of the KPBrsquos 2016 Comprehensive Annual Financial Report (CAFR) re-quired by Alaska statutes If you are interested in more detailed information current and histor-ical budgets and CAFRs are available on the KPB website at the Finance Department homepage
A special thank you goes to the dedicated staff of the KPBrsquos Finance Department who recognized the value of a condensed financial report and contributed the hard work and diligence required to prepare the re-port The Kenai Peninsula Borough has been awarded a Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Associ-ation for the last 36 years an accomplishment wersquore rightly proud of achieving and again due to the ex-traordinary work of our Finance Department staff
As you review the 2016 Popular Annual Financial Re-
port please feel free to contact us with questions con-
cerns opinions or recommendations Wersquoll use your
feedback to improve future reports
Mike Navarre
Mayor
Message from Borough Mayor Mike Navarre
2
2016 3
2016-2017 Assembly Members
Dale Bagley
325 Endicott Drive
Soldotna Alaska 99669
Phone 398-1865
Email dbagleykpbus
District 4- Soldotna
Term Expires 2019
Brandii Holmdahl
PO Box 2204
Seward Alaska 99664
Phone
Email bholmdahlkpbus
District 6- East Peninsula
Term Expires 2018
Gary Knopp
50465 Patrick Drive
Soldotna AK 99669
Phone 283-9494
Email gknoppkpbus
District 1- Kalifornsky
Term Expires 2017
Blaine Gilman
216 Susieanna Lane
Kenai Alaska 99611
Phone 398-0840
Email bgilmankpbus
District 2- Kenai
Term Expires 2017
Paul Fischer
PO Box 784
Soldotna AK 99669
Phone 262-9269
Email pfischerkpbus
District 7- Central
Term Expires 2019
Wayne Ogle
50160 Birch Grove Street Kenai Alaska 99611
Phone 690-1308
Email woglekpbus
District 3- Nikiski
Term Expires 2019
Kelly Cooper
PO Box 404
Homer Alaska 99603 Phone 299-1519
Email kellycooperkpbus
District 8- Homer
Term Expires 2017
Willy Dunne
40508 Waterman Road
Homer Alaska 99603 Phone 299-6226
Email wdunnekpbus
District 9- South Peninsula
Term Expires 2018
Stan W Welles
PO Box 485
Sterling Alaska 99672 Phone 260-6769
Email swelleskpbus
District 5- Sterling Funny River
Term Expires 2017
Quick Facts
The Kenai Peninsula Borough was incorporated in 1964 as a second-class borough
under the authority of the State of Alaska Borough Act of 1963 The Boroughs gov-
ernmental responsibilities are comparable to those of a county The five first-class
and home-rule cities in the borough are Kenai Soldotna Homer Seldovia and Sew-
ard Other locally governed communities include Kachemak City and the native vil-
lages of Tyonek Port Graham and Nanwalek
Geography
Land 16075 square miles
Water 8677 square miles
Government
Mayor and a 9 member assembly
Demographics
Residents 57763
Median age 406
Median Household Income $63099
Community Development
River Center
Human Services (Component Units)
Central Peninsula Hospital
South Peninsula Hospital
2016
Fire Stations
Nikiski 4
Bear Creek 1
Anchor Point 2
Central Emergency Services 8
Kachemak 2
Calls Responded to by 3662
KPB Services
911 Calls answered 28165
Solid Waste
Landfills 8
Transfer Sites 13
Refuse Collected ~ tons 60318
Recreation
Major Programs 9
Roads
Maintained Miles 641
4
5
Kenai Peninsula Borough - Organization Chart Kenai Peninsula Borough - Organizational Chart
Assembly
Mayor
Records
Clerk Legal
Service Area
Boards
Planning
Commission
Citizens
Election
Human
Resources
Risk CopyMail Custodial Financial
Services
Sales Tax Property Tax
and
Collections
IT Planning 911
River Center
Solid Waste
Finance
Purchasing
and
Contracting
Assessing
GIS Maintenance Capital
Projects
North
Peninsula
Recreation
Seldovia
Recreational
Roads Nikiski Fire Bear Creek
Fire
Anchor Point
Fire amp
Emergency
Appraisal Land
Kachemak
Emergency
Seward Bear-
Creek Flood
Central Kenai
Peninsula
Hospital
South Kenai
Peninsula
Hospital
Nikiski
Seniors
Central
Emergency
Central
Peninsula
Emergency
Services
Service Areas
Property Taxes - The Borough bills and collects its own property taxes as well as those of the 5 incorporated cities within the Borough
2016 6
Navigating your tax bill
$639 million
dollars provided
for Education in
2016 the equiva-
lent of 800 mills
$483M ~ KPBSD
(Operations and other related ex-penditures)
$07M ~ KPC
$108M ~ Capital
$41M ~Debt
$301M 100 of Sales tax revenues go to Education as well as $265M in property taxes and $73M in bond proceeds and grant revenues
$20 million dol-
lars provided for
Senior Citizens
and other Com-
munity Programs
and organizations
throughout the
Borough
$947294~ Senior
Centers
$502876~ Reve-
nue Sharing
$67500~EDD
$339954~KPTMC
$50000~Carts
$80440~SBDC
$188 million
dollars provided
for Public Safety
Emergency Man-
agement and E911
dispatch services
$07M ~ Emergen-
cy Management
$21M ~ E911
DispatchServices
$138M ~ Fire amp
Emergency Medi-
cal Services
$8M ~ Disaster
relief
$11M ~ Capital
$03M ~ Debt
$78 million
dollars provided
for Solid Waste
facilities opera-
tions capital
projects and debt
service
$60M ~ Opera-
tions
$18M ~ Capital
Funded by $53M
in property tax-
es $8M in user
fees $17M in
bond proceeds
and grant reve-
nues
Education
Community
Funding
Public Safety
Solid
Waste
7
8
20
16
9
Wh
ere
th
e M
on
ey
Co
me
s F
rom
Dollars Inhellip Governmental Fund Revenues
Funding for the Kenai Peninsula Borough government and the ser-
vices provided to residents comes from many sources with the ma-
jority coming from Property taxes and Sales Tax which totals 84 of
all revenue collections for the General Fund Grants being the second
largest revenue source makes up 13
The Boroughrsquos General fund and Other Governmental funds also re-
ceives revenue from charges for services grants investment income
and various other revenues streams In total FY 2016 revenues de-
creased by $3498000 when compared to FY 2015 due to reduced
grant revenues
2016 10
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergen-cy Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recrea-tion Seldovia Recreation Roads Land Trust Seward Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communica-tions Nikiski Senior Miscellaneous Grant Fund
Other Governmental Fund Revenues
(Includes Services Areas)
Amounts are expressed in dollars
11
General Fund Revenues
Amounts are expressed in dollars
12
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergency Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recreation Seldovia Recreation Roads Land Trust Sew-ard Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communications Nikiski Seniors Miscellaneous Grant Fund
Amounts are expressed in dollars
Wh
ere
Th
e M
on
ey
Go
es
13
Dollars Out Governmental Fund Expenditures
The Borough provides a range of services including fire and emergency med-
ical services recreational programs and activities road maintenance permit-
ting and education to maintain and promote valuable fish and wildlife habi-
tat map books land use permits and solid waste programs
General Government - supports all borough offices and departments that
serve the public This includes public information intergovernmental rela-
tions creating and implementing the boroughrsquos policy assessing and collect-
ing taxes and managed of the borough budget
Education - provide operational funding for the school district and Kenai
Peninsula college through cash contributions in-kind services maintenance
of facilities utilities insurance audit fees and custodial services
Public Safety - provide fire protection and emergency medical service and
rescue capabilities to the citizens of the borough
Solid Waste - operate solid
waste facilities and programs
to ensure waste is managed in
accordance with borough
code and state and federal
requirements
RoadsTrails - provide road
maintenance for roads within
KPB road service area
Land Trust - to maintain
land inventory and issue land
use permits
Recreation - provides recre-
2016
Pri
ma
ry G
ove
rnm
en
t F
ina
nci
al
Sta
tem
en
t Government Wide - Balance sheet
The Kenai Peninsula Boroughrsquos Balance Sheet depicts our financial condi-
tion as of June 30 2016 The balance sheet is a summary of what the
Borough owns (assets) and owes (liabilities) The balance sheet excludes
fiduciary funds as well as hospitals and school component units
Total net position is the difference between total assets (what we own)
including deferred outflows and total liabilities (what we owe) includ-
ing deferred inflows In FY 2016 Total assets increased more than the
increase in total liabilities causing an overall increase to total net posi-
tion
2016 14
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
Ta
ble
of
Co
nte
nts
About the Borough 1
Letter from the Mayor 2
Elected Officials 3
Boroughrsquos Quick Facts 4-5
Property Tax Dollars 6-7
Photos from Around the Borough 8-9
Dollars In Governmental Fund Revenues 10-11
Dollars Out Governmental Fund Expenditures 12-13
Primary Government Financial Statement 14-15
Debt What We Owe 16
Glossary 17
Photos courtesy of Rachel Parra Carla Salzer Anderson Fannon Julie Craig
Mandy Stahl-Redder Amy Mitchell Fred Perez Sarah DesOrmeaux Melissa
Brown Lauri Jensen
About our Borough
The Kenai Peninsula Borough lies directly south of Anchorage the
States principal population center The waters of the Gulf of Alaska
and Prince William Sound border the borough on the south and east
with the dramatic Chigmit Mountains of the Alaska Range bordering
the borough to the west The Cook Inlet divides the borough into two
land masses The Kenai Mountains run north and south through the
peninsula contrasting to the lowlands lying to their west The west
side of the Inlet is sparsely inhabited with the village of Tyonek being
the largest populated settlement The boundaries of the borough en-
compass a total of 24752 square miles of which 16075 square miles
are land In comparison the total land mass of the borough equals that
of Massachusetts and New Jersey combined However the total bor-
ough population is just less than 58000 There is a Borough-wide gov-
ernment based in Soldotna consisting of a strong mayor and an as-
sembly of representatives from all areas of the Borough The Borough
collects sales and property taxes and provides services such as road
maintenance waste collection facilities
emergency services and major funding
for public schools 2016
1
Dear Kenai Peninsula Borough Residents
We are pleased to present the Kenai Peninsula Boroughrsquos (KPB) Popular Annual Financial Report (PAFR) for the 2016 Fiscal Year
This is the third year a PAFR has been published by the KPB The report is designed to present a condensed user friendly overview of the Boroughrsquos financial position financial practices and additional details outlining how KPB revenues were generated and spent over the last Fiscal Year The financial information in this report is taken from the independently audited financial statements that are part of the KPBrsquos 2016 Comprehensive Annual Financial Report (CAFR) re-quired by Alaska statutes If you are interested in more detailed information current and histor-ical budgets and CAFRs are available on the KPB website at the Finance Department homepage
A special thank you goes to the dedicated staff of the KPBrsquos Finance Department who recognized the value of a condensed financial report and contributed the hard work and diligence required to prepare the re-port The Kenai Peninsula Borough has been awarded a Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Associ-ation for the last 36 years an accomplishment wersquore rightly proud of achieving and again due to the ex-traordinary work of our Finance Department staff
As you review the 2016 Popular Annual Financial Re-
port please feel free to contact us with questions con-
cerns opinions or recommendations Wersquoll use your
feedback to improve future reports
Mike Navarre
Mayor
Message from Borough Mayor Mike Navarre
2
2016 3
2016-2017 Assembly Members
Dale Bagley
325 Endicott Drive
Soldotna Alaska 99669
Phone 398-1865
Email dbagleykpbus
District 4- Soldotna
Term Expires 2019
Brandii Holmdahl
PO Box 2204
Seward Alaska 99664
Phone
Email bholmdahlkpbus
District 6- East Peninsula
Term Expires 2018
Gary Knopp
50465 Patrick Drive
Soldotna AK 99669
Phone 283-9494
Email gknoppkpbus
District 1- Kalifornsky
Term Expires 2017
Blaine Gilman
216 Susieanna Lane
Kenai Alaska 99611
Phone 398-0840
Email bgilmankpbus
District 2- Kenai
Term Expires 2017
Paul Fischer
PO Box 784
Soldotna AK 99669
Phone 262-9269
Email pfischerkpbus
District 7- Central
Term Expires 2019
Wayne Ogle
50160 Birch Grove Street Kenai Alaska 99611
Phone 690-1308
Email woglekpbus
District 3- Nikiski
Term Expires 2019
Kelly Cooper
PO Box 404
Homer Alaska 99603 Phone 299-1519
Email kellycooperkpbus
District 8- Homer
Term Expires 2017
Willy Dunne
40508 Waterman Road
Homer Alaska 99603 Phone 299-6226
Email wdunnekpbus
District 9- South Peninsula
Term Expires 2018
Stan W Welles
PO Box 485
Sterling Alaska 99672 Phone 260-6769
Email swelleskpbus
District 5- Sterling Funny River
Term Expires 2017
Quick Facts
The Kenai Peninsula Borough was incorporated in 1964 as a second-class borough
under the authority of the State of Alaska Borough Act of 1963 The Boroughs gov-
ernmental responsibilities are comparable to those of a county The five first-class
and home-rule cities in the borough are Kenai Soldotna Homer Seldovia and Sew-
ard Other locally governed communities include Kachemak City and the native vil-
lages of Tyonek Port Graham and Nanwalek
Geography
Land 16075 square miles
Water 8677 square miles
Government
Mayor and a 9 member assembly
Demographics
Residents 57763
Median age 406
Median Household Income $63099
Community Development
River Center
Human Services (Component Units)
Central Peninsula Hospital
South Peninsula Hospital
2016
Fire Stations
Nikiski 4
Bear Creek 1
Anchor Point 2
Central Emergency Services 8
Kachemak 2
Calls Responded to by 3662
KPB Services
911 Calls answered 28165
Solid Waste
Landfills 8
Transfer Sites 13
Refuse Collected ~ tons 60318
Recreation
Major Programs 9
Roads
Maintained Miles 641
4
5
Kenai Peninsula Borough - Organization Chart Kenai Peninsula Borough - Organizational Chart
Assembly
Mayor
Records
Clerk Legal
Service Area
Boards
Planning
Commission
Citizens
Election
Human
Resources
Risk CopyMail Custodial Financial
Services
Sales Tax Property Tax
and
Collections
IT Planning 911
River Center
Solid Waste
Finance
Purchasing
and
Contracting
Assessing
GIS Maintenance Capital
Projects
North
Peninsula
Recreation
Seldovia
Recreational
Roads Nikiski Fire Bear Creek
Fire
Anchor Point
Fire amp
Emergency
Appraisal Land
Kachemak
Emergency
Seward Bear-
Creek Flood
Central Kenai
Peninsula
Hospital
South Kenai
Peninsula
Hospital
Nikiski
Seniors
Central
Emergency
Central
Peninsula
Emergency
Services
Service Areas
Property Taxes - The Borough bills and collects its own property taxes as well as those of the 5 incorporated cities within the Borough
2016 6
Navigating your tax bill
$639 million
dollars provided
for Education in
2016 the equiva-
lent of 800 mills
$483M ~ KPBSD
(Operations and other related ex-penditures)
$07M ~ KPC
$108M ~ Capital
$41M ~Debt
$301M 100 of Sales tax revenues go to Education as well as $265M in property taxes and $73M in bond proceeds and grant revenues
$20 million dol-
lars provided for
Senior Citizens
and other Com-
munity Programs
and organizations
throughout the
Borough
$947294~ Senior
Centers
$502876~ Reve-
nue Sharing
$67500~EDD
$339954~KPTMC
$50000~Carts
$80440~SBDC
$188 million
dollars provided
for Public Safety
Emergency Man-
agement and E911
dispatch services
$07M ~ Emergen-
cy Management
$21M ~ E911
DispatchServices
$138M ~ Fire amp
Emergency Medi-
cal Services
$8M ~ Disaster
relief
$11M ~ Capital
$03M ~ Debt
$78 million
dollars provided
for Solid Waste
facilities opera-
tions capital
projects and debt
service
$60M ~ Opera-
tions
$18M ~ Capital
Funded by $53M
in property tax-
es $8M in user
fees $17M in
bond proceeds
and grant reve-
nues
Education
Community
Funding
Public Safety
Solid
Waste
7
8
20
16
9
Wh
ere
th
e M
on
ey
Co
me
s F
rom
Dollars Inhellip Governmental Fund Revenues
Funding for the Kenai Peninsula Borough government and the ser-
vices provided to residents comes from many sources with the ma-
jority coming from Property taxes and Sales Tax which totals 84 of
all revenue collections for the General Fund Grants being the second
largest revenue source makes up 13
The Boroughrsquos General fund and Other Governmental funds also re-
ceives revenue from charges for services grants investment income
and various other revenues streams In total FY 2016 revenues de-
creased by $3498000 when compared to FY 2015 due to reduced
grant revenues
2016 10
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergen-cy Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recrea-tion Seldovia Recreation Roads Land Trust Seward Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communica-tions Nikiski Senior Miscellaneous Grant Fund
Other Governmental Fund Revenues
(Includes Services Areas)
Amounts are expressed in dollars
11
General Fund Revenues
Amounts are expressed in dollars
12
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergency Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recreation Seldovia Recreation Roads Land Trust Sew-ard Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communications Nikiski Seniors Miscellaneous Grant Fund
Amounts are expressed in dollars
Wh
ere
Th
e M
on
ey
Go
es
13
Dollars Out Governmental Fund Expenditures
The Borough provides a range of services including fire and emergency med-
ical services recreational programs and activities road maintenance permit-
ting and education to maintain and promote valuable fish and wildlife habi-
tat map books land use permits and solid waste programs
General Government - supports all borough offices and departments that
serve the public This includes public information intergovernmental rela-
tions creating and implementing the boroughrsquos policy assessing and collect-
ing taxes and managed of the borough budget
Education - provide operational funding for the school district and Kenai
Peninsula college through cash contributions in-kind services maintenance
of facilities utilities insurance audit fees and custodial services
Public Safety - provide fire protection and emergency medical service and
rescue capabilities to the citizens of the borough
Solid Waste - operate solid
waste facilities and programs
to ensure waste is managed in
accordance with borough
code and state and federal
requirements
RoadsTrails - provide road
maintenance for roads within
KPB road service area
Land Trust - to maintain
land inventory and issue land
use permits
Recreation - provides recre-
2016
Pri
ma
ry G
ove
rnm
en
t F
ina
nci
al
Sta
tem
en
t Government Wide - Balance sheet
The Kenai Peninsula Boroughrsquos Balance Sheet depicts our financial condi-
tion as of June 30 2016 The balance sheet is a summary of what the
Borough owns (assets) and owes (liabilities) The balance sheet excludes
fiduciary funds as well as hospitals and school component units
Total net position is the difference between total assets (what we own)
including deferred outflows and total liabilities (what we owe) includ-
ing deferred inflows In FY 2016 Total assets increased more than the
increase in total liabilities causing an overall increase to total net posi-
tion
2016 14
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
About our Borough
The Kenai Peninsula Borough lies directly south of Anchorage the
States principal population center The waters of the Gulf of Alaska
and Prince William Sound border the borough on the south and east
with the dramatic Chigmit Mountains of the Alaska Range bordering
the borough to the west The Cook Inlet divides the borough into two
land masses The Kenai Mountains run north and south through the
peninsula contrasting to the lowlands lying to their west The west
side of the Inlet is sparsely inhabited with the village of Tyonek being
the largest populated settlement The boundaries of the borough en-
compass a total of 24752 square miles of which 16075 square miles
are land In comparison the total land mass of the borough equals that
of Massachusetts and New Jersey combined However the total bor-
ough population is just less than 58000 There is a Borough-wide gov-
ernment based in Soldotna consisting of a strong mayor and an as-
sembly of representatives from all areas of the Borough The Borough
collects sales and property taxes and provides services such as road
maintenance waste collection facilities
emergency services and major funding
for public schools 2016
1
Dear Kenai Peninsula Borough Residents
We are pleased to present the Kenai Peninsula Boroughrsquos (KPB) Popular Annual Financial Report (PAFR) for the 2016 Fiscal Year
This is the third year a PAFR has been published by the KPB The report is designed to present a condensed user friendly overview of the Boroughrsquos financial position financial practices and additional details outlining how KPB revenues were generated and spent over the last Fiscal Year The financial information in this report is taken from the independently audited financial statements that are part of the KPBrsquos 2016 Comprehensive Annual Financial Report (CAFR) re-quired by Alaska statutes If you are interested in more detailed information current and histor-ical budgets and CAFRs are available on the KPB website at the Finance Department homepage
A special thank you goes to the dedicated staff of the KPBrsquos Finance Department who recognized the value of a condensed financial report and contributed the hard work and diligence required to prepare the re-port The Kenai Peninsula Borough has been awarded a Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Associ-ation for the last 36 years an accomplishment wersquore rightly proud of achieving and again due to the ex-traordinary work of our Finance Department staff
As you review the 2016 Popular Annual Financial Re-
port please feel free to contact us with questions con-
cerns opinions or recommendations Wersquoll use your
feedback to improve future reports
Mike Navarre
Mayor
Message from Borough Mayor Mike Navarre
2
2016 3
2016-2017 Assembly Members
Dale Bagley
325 Endicott Drive
Soldotna Alaska 99669
Phone 398-1865
Email dbagleykpbus
District 4- Soldotna
Term Expires 2019
Brandii Holmdahl
PO Box 2204
Seward Alaska 99664
Phone
Email bholmdahlkpbus
District 6- East Peninsula
Term Expires 2018
Gary Knopp
50465 Patrick Drive
Soldotna AK 99669
Phone 283-9494
Email gknoppkpbus
District 1- Kalifornsky
Term Expires 2017
Blaine Gilman
216 Susieanna Lane
Kenai Alaska 99611
Phone 398-0840
Email bgilmankpbus
District 2- Kenai
Term Expires 2017
Paul Fischer
PO Box 784
Soldotna AK 99669
Phone 262-9269
Email pfischerkpbus
District 7- Central
Term Expires 2019
Wayne Ogle
50160 Birch Grove Street Kenai Alaska 99611
Phone 690-1308
Email woglekpbus
District 3- Nikiski
Term Expires 2019
Kelly Cooper
PO Box 404
Homer Alaska 99603 Phone 299-1519
Email kellycooperkpbus
District 8- Homer
Term Expires 2017
Willy Dunne
40508 Waterman Road
Homer Alaska 99603 Phone 299-6226
Email wdunnekpbus
District 9- South Peninsula
Term Expires 2018
Stan W Welles
PO Box 485
Sterling Alaska 99672 Phone 260-6769
Email swelleskpbus
District 5- Sterling Funny River
Term Expires 2017
Quick Facts
The Kenai Peninsula Borough was incorporated in 1964 as a second-class borough
under the authority of the State of Alaska Borough Act of 1963 The Boroughs gov-
ernmental responsibilities are comparable to those of a county The five first-class
and home-rule cities in the borough are Kenai Soldotna Homer Seldovia and Sew-
ard Other locally governed communities include Kachemak City and the native vil-
lages of Tyonek Port Graham and Nanwalek
Geography
Land 16075 square miles
Water 8677 square miles
Government
Mayor and a 9 member assembly
Demographics
Residents 57763
Median age 406
Median Household Income $63099
Community Development
River Center
Human Services (Component Units)
Central Peninsula Hospital
South Peninsula Hospital
2016
Fire Stations
Nikiski 4
Bear Creek 1
Anchor Point 2
Central Emergency Services 8
Kachemak 2
Calls Responded to by 3662
KPB Services
911 Calls answered 28165
Solid Waste
Landfills 8
Transfer Sites 13
Refuse Collected ~ tons 60318
Recreation
Major Programs 9
Roads
Maintained Miles 641
4
5
Kenai Peninsula Borough - Organization Chart Kenai Peninsula Borough - Organizational Chart
Assembly
Mayor
Records
Clerk Legal
Service Area
Boards
Planning
Commission
Citizens
Election
Human
Resources
Risk CopyMail Custodial Financial
Services
Sales Tax Property Tax
and
Collections
IT Planning 911
River Center
Solid Waste
Finance
Purchasing
and
Contracting
Assessing
GIS Maintenance Capital
Projects
North
Peninsula
Recreation
Seldovia
Recreational
Roads Nikiski Fire Bear Creek
Fire
Anchor Point
Fire amp
Emergency
Appraisal Land
Kachemak
Emergency
Seward Bear-
Creek Flood
Central Kenai
Peninsula
Hospital
South Kenai
Peninsula
Hospital
Nikiski
Seniors
Central
Emergency
Central
Peninsula
Emergency
Services
Service Areas
Property Taxes - The Borough bills and collects its own property taxes as well as those of the 5 incorporated cities within the Borough
2016 6
Navigating your tax bill
$639 million
dollars provided
for Education in
2016 the equiva-
lent of 800 mills
$483M ~ KPBSD
(Operations and other related ex-penditures)
$07M ~ KPC
$108M ~ Capital
$41M ~Debt
$301M 100 of Sales tax revenues go to Education as well as $265M in property taxes and $73M in bond proceeds and grant revenues
$20 million dol-
lars provided for
Senior Citizens
and other Com-
munity Programs
and organizations
throughout the
Borough
$947294~ Senior
Centers
$502876~ Reve-
nue Sharing
$67500~EDD
$339954~KPTMC
$50000~Carts
$80440~SBDC
$188 million
dollars provided
for Public Safety
Emergency Man-
agement and E911
dispatch services
$07M ~ Emergen-
cy Management
$21M ~ E911
DispatchServices
$138M ~ Fire amp
Emergency Medi-
cal Services
$8M ~ Disaster
relief
$11M ~ Capital
$03M ~ Debt
$78 million
dollars provided
for Solid Waste
facilities opera-
tions capital
projects and debt
service
$60M ~ Opera-
tions
$18M ~ Capital
Funded by $53M
in property tax-
es $8M in user
fees $17M in
bond proceeds
and grant reve-
nues
Education
Community
Funding
Public Safety
Solid
Waste
7
8
20
16
9
Wh
ere
th
e M
on
ey
Co
me
s F
rom
Dollars Inhellip Governmental Fund Revenues
Funding for the Kenai Peninsula Borough government and the ser-
vices provided to residents comes from many sources with the ma-
jority coming from Property taxes and Sales Tax which totals 84 of
all revenue collections for the General Fund Grants being the second
largest revenue source makes up 13
The Boroughrsquos General fund and Other Governmental funds also re-
ceives revenue from charges for services grants investment income
and various other revenues streams In total FY 2016 revenues de-
creased by $3498000 when compared to FY 2015 due to reduced
grant revenues
2016 10
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergen-cy Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recrea-tion Seldovia Recreation Roads Land Trust Seward Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communica-tions Nikiski Senior Miscellaneous Grant Fund
Other Governmental Fund Revenues
(Includes Services Areas)
Amounts are expressed in dollars
11
General Fund Revenues
Amounts are expressed in dollars
12
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergency Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recreation Seldovia Recreation Roads Land Trust Sew-ard Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communications Nikiski Seniors Miscellaneous Grant Fund
Amounts are expressed in dollars
Wh
ere
Th
e M
on
ey
Go
es
13
Dollars Out Governmental Fund Expenditures
The Borough provides a range of services including fire and emergency med-
ical services recreational programs and activities road maintenance permit-
ting and education to maintain and promote valuable fish and wildlife habi-
tat map books land use permits and solid waste programs
General Government - supports all borough offices and departments that
serve the public This includes public information intergovernmental rela-
tions creating and implementing the boroughrsquos policy assessing and collect-
ing taxes and managed of the borough budget
Education - provide operational funding for the school district and Kenai
Peninsula college through cash contributions in-kind services maintenance
of facilities utilities insurance audit fees and custodial services
Public Safety - provide fire protection and emergency medical service and
rescue capabilities to the citizens of the borough
Solid Waste - operate solid
waste facilities and programs
to ensure waste is managed in
accordance with borough
code and state and federal
requirements
RoadsTrails - provide road
maintenance for roads within
KPB road service area
Land Trust - to maintain
land inventory and issue land
use permits
Recreation - provides recre-
2016
Pri
ma
ry G
ove
rnm
en
t F
ina
nci
al
Sta
tem
en
t Government Wide - Balance sheet
The Kenai Peninsula Boroughrsquos Balance Sheet depicts our financial condi-
tion as of June 30 2016 The balance sheet is a summary of what the
Borough owns (assets) and owes (liabilities) The balance sheet excludes
fiduciary funds as well as hospitals and school component units
Total net position is the difference between total assets (what we own)
including deferred outflows and total liabilities (what we owe) includ-
ing deferred inflows In FY 2016 Total assets increased more than the
increase in total liabilities causing an overall increase to total net posi-
tion
2016 14
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
Dear Kenai Peninsula Borough Residents
We are pleased to present the Kenai Peninsula Boroughrsquos (KPB) Popular Annual Financial Report (PAFR) for the 2016 Fiscal Year
This is the third year a PAFR has been published by the KPB The report is designed to present a condensed user friendly overview of the Boroughrsquos financial position financial practices and additional details outlining how KPB revenues were generated and spent over the last Fiscal Year The financial information in this report is taken from the independently audited financial statements that are part of the KPBrsquos 2016 Comprehensive Annual Financial Report (CAFR) re-quired by Alaska statutes If you are interested in more detailed information current and histor-ical budgets and CAFRs are available on the KPB website at the Finance Department homepage
A special thank you goes to the dedicated staff of the KPBrsquos Finance Department who recognized the value of a condensed financial report and contributed the hard work and diligence required to prepare the re-port The Kenai Peninsula Borough has been awarded a Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Associ-ation for the last 36 years an accomplishment wersquore rightly proud of achieving and again due to the ex-traordinary work of our Finance Department staff
As you review the 2016 Popular Annual Financial Re-
port please feel free to contact us with questions con-
cerns opinions or recommendations Wersquoll use your
feedback to improve future reports
Mike Navarre
Mayor
Message from Borough Mayor Mike Navarre
2
2016 3
2016-2017 Assembly Members
Dale Bagley
325 Endicott Drive
Soldotna Alaska 99669
Phone 398-1865
Email dbagleykpbus
District 4- Soldotna
Term Expires 2019
Brandii Holmdahl
PO Box 2204
Seward Alaska 99664
Phone
Email bholmdahlkpbus
District 6- East Peninsula
Term Expires 2018
Gary Knopp
50465 Patrick Drive
Soldotna AK 99669
Phone 283-9494
Email gknoppkpbus
District 1- Kalifornsky
Term Expires 2017
Blaine Gilman
216 Susieanna Lane
Kenai Alaska 99611
Phone 398-0840
Email bgilmankpbus
District 2- Kenai
Term Expires 2017
Paul Fischer
PO Box 784
Soldotna AK 99669
Phone 262-9269
Email pfischerkpbus
District 7- Central
Term Expires 2019
Wayne Ogle
50160 Birch Grove Street Kenai Alaska 99611
Phone 690-1308
Email woglekpbus
District 3- Nikiski
Term Expires 2019
Kelly Cooper
PO Box 404
Homer Alaska 99603 Phone 299-1519
Email kellycooperkpbus
District 8- Homer
Term Expires 2017
Willy Dunne
40508 Waterman Road
Homer Alaska 99603 Phone 299-6226
Email wdunnekpbus
District 9- South Peninsula
Term Expires 2018
Stan W Welles
PO Box 485
Sterling Alaska 99672 Phone 260-6769
Email swelleskpbus
District 5- Sterling Funny River
Term Expires 2017
Quick Facts
The Kenai Peninsula Borough was incorporated in 1964 as a second-class borough
under the authority of the State of Alaska Borough Act of 1963 The Boroughs gov-
ernmental responsibilities are comparable to those of a county The five first-class
and home-rule cities in the borough are Kenai Soldotna Homer Seldovia and Sew-
ard Other locally governed communities include Kachemak City and the native vil-
lages of Tyonek Port Graham and Nanwalek
Geography
Land 16075 square miles
Water 8677 square miles
Government
Mayor and a 9 member assembly
Demographics
Residents 57763
Median age 406
Median Household Income $63099
Community Development
River Center
Human Services (Component Units)
Central Peninsula Hospital
South Peninsula Hospital
2016
Fire Stations
Nikiski 4
Bear Creek 1
Anchor Point 2
Central Emergency Services 8
Kachemak 2
Calls Responded to by 3662
KPB Services
911 Calls answered 28165
Solid Waste
Landfills 8
Transfer Sites 13
Refuse Collected ~ tons 60318
Recreation
Major Programs 9
Roads
Maintained Miles 641
4
5
Kenai Peninsula Borough - Organization Chart Kenai Peninsula Borough - Organizational Chart
Assembly
Mayor
Records
Clerk Legal
Service Area
Boards
Planning
Commission
Citizens
Election
Human
Resources
Risk CopyMail Custodial Financial
Services
Sales Tax Property Tax
and
Collections
IT Planning 911
River Center
Solid Waste
Finance
Purchasing
and
Contracting
Assessing
GIS Maintenance Capital
Projects
North
Peninsula
Recreation
Seldovia
Recreational
Roads Nikiski Fire Bear Creek
Fire
Anchor Point
Fire amp
Emergency
Appraisal Land
Kachemak
Emergency
Seward Bear-
Creek Flood
Central Kenai
Peninsula
Hospital
South Kenai
Peninsula
Hospital
Nikiski
Seniors
Central
Emergency
Central
Peninsula
Emergency
Services
Service Areas
Property Taxes - The Borough bills and collects its own property taxes as well as those of the 5 incorporated cities within the Borough
2016 6
Navigating your tax bill
$639 million
dollars provided
for Education in
2016 the equiva-
lent of 800 mills
$483M ~ KPBSD
(Operations and other related ex-penditures)
$07M ~ KPC
$108M ~ Capital
$41M ~Debt
$301M 100 of Sales tax revenues go to Education as well as $265M in property taxes and $73M in bond proceeds and grant revenues
$20 million dol-
lars provided for
Senior Citizens
and other Com-
munity Programs
and organizations
throughout the
Borough
$947294~ Senior
Centers
$502876~ Reve-
nue Sharing
$67500~EDD
$339954~KPTMC
$50000~Carts
$80440~SBDC
$188 million
dollars provided
for Public Safety
Emergency Man-
agement and E911
dispatch services
$07M ~ Emergen-
cy Management
$21M ~ E911
DispatchServices
$138M ~ Fire amp
Emergency Medi-
cal Services
$8M ~ Disaster
relief
$11M ~ Capital
$03M ~ Debt
$78 million
dollars provided
for Solid Waste
facilities opera-
tions capital
projects and debt
service
$60M ~ Opera-
tions
$18M ~ Capital
Funded by $53M
in property tax-
es $8M in user
fees $17M in
bond proceeds
and grant reve-
nues
Education
Community
Funding
Public Safety
Solid
Waste
7
8
20
16
9
Wh
ere
th
e M
on
ey
Co
me
s F
rom
Dollars Inhellip Governmental Fund Revenues
Funding for the Kenai Peninsula Borough government and the ser-
vices provided to residents comes from many sources with the ma-
jority coming from Property taxes and Sales Tax which totals 84 of
all revenue collections for the General Fund Grants being the second
largest revenue source makes up 13
The Boroughrsquos General fund and Other Governmental funds also re-
ceives revenue from charges for services grants investment income
and various other revenues streams In total FY 2016 revenues de-
creased by $3498000 when compared to FY 2015 due to reduced
grant revenues
2016 10
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergen-cy Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recrea-tion Seldovia Recreation Roads Land Trust Seward Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communica-tions Nikiski Senior Miscellaneous Grant Fund
Other Governmental Fund Revenues
(Includes Services Areas)
Amounts are expressed in dollars
11
General Fund Revenues
Amounts are expressed in dollars
12
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergency Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recreation Seldovia Recreation Roads Land Trust Sew-ard Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communications Nikiski Seniors Miscellaneous Grant Fund
Amounts are expressed in dollars
Wh
ere
Th
e M
on
ey
Go
es
13
Dollars Out Governmental Fund Expenditures
The Borough provides a range of services including fire and emergency med-
ical services recreational programs and activities road maintenance permit-
ting and education to maintain and promote valuable fish and wildlife habi-
tat map books land use permits and solid waste programs
General Government - supports all borough offices and departments that
serve the public This includes public information intergovernmental rela-
tions creating and implementing the boroughrsquos policy assessing and collect-
ing taxes and managed of the borough budget
Education - provide operational funding for the school district and Kenai
Peninsula college through cash contributions in-kind services maintenance
of facilities utilities insurance audit fees and custodial services
Public Safety - provide fire protection and emergency medical service and
rescue capabilities to the citizens of the borough
Solid Waste - operate solid
waste facilities and programs
to ensure waste is managed in
accordance with borough
code and state and federal
requirements
RoadsTrails - provide road
maintenance for roads within
KPB road service area
Land Trust - to maintain
land inventory and issue land
use permits
Recreation - provides recre-
2016
Pri
ma
ry G
ove
rnm
en
t F
ina
nci
al
Sta
tem
en
t Government Wide - Balance sheet
The Kenai Peninsula Boroughrsquos Balance Sheet depicts our financial condi-
tion as of June 30 2016 The balance sheet is a summary of what the
Borough owns (assets) and owes (liabilities) The balance sheet excludes
fiduciary funds as well as hospitals and school component units
Total net position is the difference between total assets (what we own)
including deferred outflows and total liabilities (what we owe) includ-
ing deferred inflows In FY 2016 Total assets increased more than the
increase in total liabilities causing an overall increase to total net posi-
tion
2016 14
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
2016 3
2016-2017 Assembly Members
Dale Bagley
325 Endicott Drive
Soldotna Alaska 99669
Phone 398-1865
Email dbagleykpbus
District 4- Soldotna
Term Expires 2019
Brandii Holmdahl
PO Box 2204
Seward Alaska 99664
Phone
Email bholmdahlkpbus
District 6- East Peninsula
Term Expires 2018
Gary Knopp
50465 Patrick Drive
Soldotna AK 99669
Phone 283-9494
Email gknoppkpbus
District 1- Kalifornsky
Term Expires 2017
Blaine Gilman
216 Susieanna Lane
Kenai Alaska 99611
Phone 398-0840
Email bgilmankpbus
District 2- Kenai
Term Expires 2017
Paul Fischer
PO Box 784
Soldotna AK 99669
Phone 262-9269
Email pfischerkpbus
District 7- Central
Term Expires 2019
Wayne Ogle
50160 Birch Grove Street Kenai Alaska 99611
Phone 690-1308
Email woglekpbus
District 3- Nikiski
Term Expires 2019
Kelly Cooper
PO Box 404
Homer Alaska 99603 Phone 299-1519
Email kellycooperkpbus
District 8- Homer
Term Expires 2017
Willy Dunne
40508 Waterman Road
Homer Alaska 99603 Phone 299-6226
Email wdunnekpbus
District 9- South Peninsula
Term Expires 2018
Stan W Welles
PO Box 485
Sterling Alaska 99672 Phone 260-6769
Email swelleskpbus
District 5- Sterling Funny River
Term Expires 2017
Quick Facts
The Kenai Peninsula Borough was incorporated in 1964 as a second-class borough
under the authority of the State of Alaska Borough Act of 1963 The Boroughs gov-
ernmental responsibilities are comparable to those of a county The five first-class
and home-rule cities in the borough are Kenai Soldotna Homer Seldovia and Sew-
ard Other locally governed communities include Kachemak City and the native vil-
lages of Tyonek Port Graham and Nanwalek
Geography
Land 16075 square miles
Water 8677 square miles
Government
Mayor and a 9 member assembly
Demographics
Residents 57763
Median age 406
Median Household Income $63099
Community Development
River Center
Human Services (Component Units)
Central Peninsula Hospital
South Peninsula Hospital
2016
Fire Stations
Nikiski 4
Bear Creek 1
Anchor Point 2
Central Emergency Services 8
Kachemak 2
Calls Responded to by 3662
KPB Services
911 Calls answered 28165
Solid Waste
Landfills 8
Transfer Sites 13
Refuse Collected ~ tons 60318
Recreation
Major Programs 9
Roads
Maintained Miles 641
4
5
Kenai Peninsula Borough - Organization Chart Kenai Peninsula Borough - Organizational Chart
Assembly
Mayor
Records
Clerk Legal
Service Area
Boards
Planning
Commission
Citizens
Election
Human
Resources
Risk CopyMail Custodial Financial
Services
Sales Tax Property Tax
and
Collections
IT Planning 911
River Center
Solid Waste
Finance
Purchasing
and
Contracting
Assessing
GIS Maintenance Capital
Projects
North
Peninsula
Recreation
Seldovia
Recreational
Roads Nikiski Fire Bear Creek
Fire
Anchor Point
Fire amp
Emergency
Appraisal Land
Kachemak
Emergency
Seward Bear-
Creek Flood
Central Kenai
Peninsula
Hospital
South Kenai
Peninsula
Hospital
Nikiski
Seniors
Central
Emergency
Central
Peninsula
Emergency
Services
Service Areas
Property Taxes - The Borough bills and collects its own property taxes as well as those of the 5 incorporated cities within the Borough
2016 6
Navigating your tax bill
$639 million
dollars provided
for Education in
2016 the equiva-
lent of 800 mills
$483M ~ KPBSD
(Operations and other related ex-penditures)
$07M ~ KPC
$108M ~ Capital
$41M ~Debt
$301M 100 of Sales tax revenues go to Education as well as $265M in property taxes and $73M in bond proceeds and grant revenues
$20 million dol-
lars provided for
Senior Citizens
and other Com-
munity Programs
and organizations
throughout the
Borough
$947294~ Senior
Centers
$502876~ Reve-
nue Sharing
$67500~EDD
$339954~KPTMC
$50000~Carts
$80440~SBDC
$188 million
dollars provided
for Public Safety
Emergency Man-
agement and E911
dispatch services
$07M ~ Emergen-
cy Management
$21M ~ E911
DispatchServices
$138M ~ Fire amp
Emergency Medi-
cal Services
$8M ~ Disaster
relief
$11M ~ Capital
$03M ~ Debt
$78 million
dollars provided
for Solid Waste
facilities opera-
tions capital
projects and debt
service
$60M ~ Opera-
tions
$18M ~ Capital
Funded by $53M
in property tax-
es $8M in user
fees $17M in
bond proceeds
and grant reve-
nues
Education
Community
Funding
Public Safety
Solid
Waste
7
8
20
16
9
Wh
ere
th
e M
on
ey
Co
me
s F
rom
Dollars Inhellip Governmental Fund Revenues
Funding for the Kenai Peninsula Borough government and the ser-
vices provided to residents comes from many sources with the ma-
jority coming from Property taxes and Sales Tax which totals 84 of
all revenue collections for the General Fund Grants being the second
largest revenue source makes up 13
The Boroughrsquos General fund and Other Governmental funds also re-
ceives revenue from charges for services grants investment income
and various other revenues streams In total FY 2016 revenues de-
creased by $3498000 when compared to FY 2015 due to reduced
grant revenues
2016 10
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergen-cy Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recrea-tion Seldovia Recreation Roads Land Trust Seward Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communica-tions Nikiski Senior Miscellaneous Grant Fund
Other Governmental Fund Revenues
(Includes Services Areas)
Amounts are expressed in dollars
11
General Fund Revenues
Amounts are expressed in dollars
12
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergency Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recreation Seldovia Recreation Roads Land Trust Sew-ard Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communications Nikiski Seniors Miscellaneous Grant Fund
Amounts are expressed in dollars
Wh
ere
Th
e M
on
ey
Go
es
13
Dollars Out Governmental Fund Expenditures
The Borough provides a range of services including fire and emergency med-
ical services recreational programs and activities road maintenance permit-
ting and education to maintain and promote valuable fish and wildlife habi-
tat map books land use permits and solid waste programs
General Government - supports all borough offices and departments that
serve the public This includes public information intergovernmental rela-
tions creating and implementing the boroughrsquos policy assessing and collect-
ing taxes and managed of the borough budget
Education - provide operational funding for the school district and Kenai
Peninsula college through cash contributions in-kind services maintenance
of facilities utilities insurance audit fees and custodial services
Public Safety - provide fire protection and emergency medical service and
rescue capabilities to the citizens of the borough
Solid Waste - operate solid
waste facilities and programs
to ensure waste is managed in
accordance with borough
code and state and federal
requirements
RoadsTrails - provide road
maintenance for roads within
KPB road service area
Land Trust - to maintain
land inventory and issue land
use permits
Recreation - provides recre-
2016
Pri
ma
ry G
ove
rnm
en
t F
ina
nci
al
Sta
tem
en
t Government Wide - Balance sheet
The Kenai Peninsula Boroughrsquos Balance Sheet depicts our financial condi-
tion as of June 30 2016 The balance sheet is a summary of what the
Borough owns (assets) and owes (liabilities) The balance sheet excludes
fiduciary funds as well as hospitals and school component units
Total net position is the difference between total assets (what we own)
including deferred outflows and total liabilities (what we owe) includ-
ing deferred inflows In FY 2016 Total assets increased more than the
increase in total liabilities causing an overall increase to total net posi-
tion
2016 14
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
Quick Facts
The Kenai Peninsula Borough was incorporated in 1964 as a second-class borough
under the authority of the State of Alaska Borough Act of 1963 The Boroughs gov-
ernmental responsibilities are comparable to those of a county The five first-class
and home-rule cities in the borough are Kenai Soldotna Homer Seldovia and Sew-
ard Other locally governed communities include Kachemak City and the native vil-
lages of Tyonek Port Graham and Nanwalek
Geography
Land 16075 square miles
Water 8677 square miles
Government
Mayor and a 9 member assembly
Demographics
Residents 57763
Median age 406
Median Household Income $63099
Community Development
River Center
Human Services (Component Units)
Central Peninsula Hospital
South Peninsula Hospital
2016
Fire Stations
Nikiski 4
Bear Creek 1
Anchor Point 2
Central Emergency Services 8
Kachemak 2
Calls Responded to by 3662
KPB Services
911 Calls answered 28165
Solid Waste
Landfills 8
Transfer Sites 13
Refuse Collected ~ tons 60318
Recreation
Major Programs 9
Roads
Maintained Miles 641
4
5
Kenai Peninsula Borough - Organization Chart Kenai Peninsula Borough - Organizational Chart
Assembly
Mayor
Records
Clerk Legal
Service Area
Boards
Planning
Commission
Citizens
Election
Human
Resources
Risk CopyMail Custodial Financial
Services
Sales Tax Property Tax
and
Collections
IT Planning 911
River Center
Solid Waste
Finance
Purchasing
and
Contracting
Assessing
GIS Maintenance Capital
Projects
North
Peninsula
Recreation
Seldovia
Recreational
Roads Nikiski Fire Bear Creek
Fire
Anchor Point
Fire amp
Emergency
Appraisal Land
Kachemak
Emergency
Seward Bear-
Creek Flood
Central Kenai
Peninsula
Hospital
South Kenai
Peninsula
Hospital
Nikiski
Seniors
Central
Emergency
Central
Peninsula
Emergency
Services
Service Areas
Property Taxes - The Borough bills and collects its own property taxes as well as those of the 5 incorporated cities within the Borough
2016 6
Navigating your tax bill
$639 million
dollars provided
for Education in
2016 the equiva-
lent of 800 mills
$483M ~ KPBSD
(Operations and other related ex-penditures)
$07M ~ KPC
$108M ~ Capital
$41M ~Debt
$301M 100 of Sales tax revenues go to Education as well as $265M in property taxes and $73M in bond proceeds and grant revenues
$20 million dol-
lars provided for
Senior Citizens
and other Com-
munity Programs
and organizations
throughout the
Borough
$947294~ Senior
Centers
$502876~ Reve-
nue Sharing
$67500~EDD
$339954~KPTMC
$50000~Carts
$80440~SBDC
$188 million
dollars provided
for Public Safety
Emergency Man-
agement and E911
dispatch services
$07M ~ Emergen-
cy Management
$21M ~ E911
DispatchServices
$138M ~ Fire amp
Emergency Medi-
cal Services
$8M ~ Disaster
relief
$11M ~ Capital
$03M ~ Debt
$78 million
dollars provided
for Solid Waste
facilities opera-
tions capital
projects and debt
service
$60M ~ Opera-
tions
$18M ~ Capital
Funded by $53M
in property tax-
es $8M in user
fees $17M in
bond proceeds
and grant reve-
nues
Education
Community
Funding
Public Safety
Solid
Waste
7
8
20
16
9
Wh
ere
th
e M
on
ey
Co
me
s F
rom
Dollars Inhellip Governmental Fund Revenues
Funding for the Kenai Peninsula Borough government and the ser-
vices provided to residents comes from many sources with the ma-
jority coming from Property taxes and Sales Tax which totals 84 of
all revenue collections for the General Fund Grants being the second
largest revenue source makes up 13
The Boroughrsquos General fund and Other Governmental funds also re-
ceives revenue from charges for services grants investment income
and various other revenues streams In total FY 2016 revenues de-
creased by $3498000 when compared to FY 2015 due to reduced
grant revenues
2016 10
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergen-cy Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recrea-tion Seldovia Recreation Roads Land Trust Seward Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communica-tions Nikiski Senior Miscellaneous Grant Fund
Other Governmental Fund Revenues
(Includes Services Areas)
Amounts are expressed in dollars
11
General Fund Revenues
Amounts are expressed in dollars
12
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergency Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recreation Seldovia Recreation Roads Land Trust Sew-ard Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communications Nikiski Seniors Miscellaneous Grant Fund
Amounts are expressed in dollars
Wh
ere
Th
e M
on
ey
Go
es
13
Dollars Out Governmental Fund Expenditures
The Borough provides a range of services including fire and emergency med-
ical services recreational programs and activities road maintenance permit-
ting and education to maintain and promote valuable fish and wildlife habi-
tat map books land use permits and solid waste programs
General Government - supports all borough offices and departments that
serve the public This includes public information intergovernmental rela-
tions creating and implementing the boroughrsquos policy assessing and collect-
ing taxes and managed of the borough budget
Education - provide operational funding for the school district and Kenai
Peninsula college through cash contributions in-kind services maintenance
of facilities utilities insurance audit fees and custodial services
Public Safety - provide fire protection and emergency medical service and
rescue capabilities to the citizens of the borough
Solid Waste - operate solid
waste facilities and programs
to ensure waste is managed in
accordance with borough
code and state and federal
requirements
RoadsTrails - provide road
maintenance for roads within
KPB road service area
Land Trust - to maintain
land inventory and issue land
use permits
Recreation - provides recre-
2016
Pri
ma
ry G
ove
rnm
en
t F
ina
nci
al
Sta
tem
en
t Government Wide - Balance sheet
The Kenai Peninsula Boroughrsquos Balance Sheet depicts our financial condi-
tion as of June 30 2016 The balance sheet is a summary of what the
Borough owns (assets) and owes (liabilities) The balance sheet excludes
fiduciary funds as well as hospitals and school component units
Total net position is the difference between total assets (what we own)
including deferred outflows and total liabilities (what we owe) includ-
ing deferred inflows In FY 2016 Total assets increased more than the
increase in total liabilities causing an overall increase to total net posi-
tion
2016 14
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
5
Kenai Peninsula Borough - Organization Chart Kenai Peninsula Borough - Organizational Chart
Assembly
Mayor
Records
Clerk Legal
Service Area
Boards
Planning
Commission
Citizens
Election
Human
Resources
Risk CopyMail Custodial Financial
Services
Sales Tax Property Tax
and
Collections
IT Planning 911
River Center
Solid Waste
Finance
Purchasing
and
Contracting
Assessing
GIS Maintenance Capital
Projects
North
Peninsula
Recreation
Seldovia
Recreational
Roads Nikiski Fire Bear Creek
Fire
Anchor Point
Fire amp
Emergency
Appraisal Land
Kachemak
Emergency
Seward Bear-
Creek Flood
Central Kenai
Peninsula
Hospital
South Kenai
Peninsula
Hospital
Nikiski
Seniors
Central
Emergency
Central
Peninsula
Emergency
Services
Service Areas
Property Taxes - The Borough bills and collects its own property taxes as well as those of the 5 incorporated cities within the Borough
2016 6
Navigating your tax bill
$639 million
dollars provided
for Education in
2016 the equiva-
lent of 800 mills
$483M ~ KPBSD
(Operations and other related ex-penditures)
$07M ~ KPC
$108M ~ Capital
$41M ~Debt
$301M 100 of Sales tax revenues go to Education as well as $265M in property taxes and $73M in bond proceeds and grant revenues
$20 million dol-
lars provided for
Senior Citizens
and other Com-
munity Programs
and organizations
throughout the
Borough
$947294~ Senior
Centers
$502876~ Reve-
nue Sharing
$67500~EDD
$339954~KPTMC
$50000~Carts
$80440~SBDC
$188 million
dollars provided
for Public Safety
Emergency Man-
agement and E911
dispatch services
$07M ~ Emergen-
cy Management
$21M ~ E911
DispatchServices
$138M ~ Fire amp
Emergency Medi-
cal Services
$8M ~ Disaster
relief
$11M ~ Capital
$03M ~ Debt
$78 million
dollars provided
for Solid Waste
facilities opera-
tions capital
projects and debt
service
$60M ~ Opera-
tions
$18M ~ Capital
Funded by $53M
in property tax-
es $8M in user
fees $17M in
bond proceeds
and grant reve-
nues
Education
Community
Funding
Public Safety
Solid
Waste
7
8
20
16
9
Wh
ere
th
e M
on
ey
Co
me
s F
rom
Dollars Inhellip Governmental Fund Revenues
Funding for the Kenai Peninsula Borough government and the ser-
vices provided to residents comes from many sources with the ma-
jority coming from Property taxes and Sales Tax which totals 84 of
all revenue collections for the General Fund Grants being the second
largest revenue source makes up 13
The Boroughrsquos General fund and Other Governmental funds also re-
ceives revenue from charges for services grants investment income
and various other revenues streams In total FY 2016 revenues de-
creased by $3498000 when compared to FY 2015 due to reduced
grant revenues
2016 10
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergen-cy Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recrea-tion Seldovia Recreation Roads Land Trust Seward Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communica-tions Nikiski Senior Miscellaneous Grant Fund
Other Governmental Fund Revenues
(Includes Services Areas)
Amounts are expressed in dollars
11
General Fund Revenues
Amounts are expressed in dollars
12
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergency Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recreation Seldovia Recreation Roads Land Trust Sew-ard Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communications Nikiski Seniors Miscellaneous Grant Fund
Amounts are expressed in dollars
Wh
ere
Th
e M
on
ey
Go
es
13
Dollars Out Governmental Fund Expenditures
The Borough provides a range of services including fire and emergency med-
ical services recreational programs and activities road maintenance permit-
ting and education to maintain and promote valuable fish and wildlife habi-
tat map books land use permits and solid waste programs
General Government - supports all borough offices and departments that
serve the public This includes public information intergovernmental rela-
tions creating and implementing the boroughrsquos policy assessing and collect-
ing taxes and managed of the borough budget
Education - provide operational funding for the school district and Kenai
Peninsula college through cash contributions in-kind services maintenance
of facilities utilities insurance audit fees and custodial services
Public Safety - provide fire protection and emergency medical service and
rescue capabilities to the citizens of the borough
Solid Waste - operate solid
waste facilities and programs
to ensure waste is managed in
accordance with borough
code and state and federal
requirements
RoadsTrails - provide road
maintenance for roads within
KPB road service area
Land Trust - to maintain
land inventory and issue land
use permits
Recreation - provides recre-
2016
Pri
ma
ry G
ove
rnm
en
t F
ina
nci
al
Sta
tem
en
t Government Wide - Balance sheet
The Kenai Peninsula Boroughrsquos Balance Sheet depicts our financial condi-
tion as of June 30 2016 The balance sheet is a summary of what the
Borough owns (assets) and owes (liabilities) The balance sheet excludes
fiduciary funds as well as hospitals and school component units
Total net position is the difference between total assets (what we own)
including deferred outflows and total liabilities (what we owe) includ-
ing deferred inflows In FY 2016 Total assets increased more than the
increase in total liabilities causing an overall increase to total net posi-
tion
2016 14
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
Property Taxes - The Borough bills and collects its own property taxes as well as those of the 5 incorporated cities within the Borough
2016 6
Navigating your tax bill
$639 million
dollars provided
for Education in
2016 the equiva-
lent of 800 mills
$483M ~ KPBSD
(Operations and other related ex-penditures)
$07M ~ KPC
$108M ~ Capital
$41M ~Debt
$301M 100 of Sales tax revenues go to Education as well as $265M in property taxes and $73M in bond proceeds and grant revenues
$20 million dol-
lars provided for
Senior Citizens
and other Com-
munity Programs
and organizations
throughout the
Borough
$947294~ Senior
Centers
$502876~ Reve-
nue Sharing
$67500~EDD
$339954~KPTMC
$50000~Carts
$80440~SBDC
$188 million
dollars provided
for Public Safety
Emergency Man-
agement and E911
dispatch services
$07M ~ Emergen-
cy Management
$21M ~ E911
DispatchServices
$138M ~ Fire amp
Emergency Medi-
cal Services
$8M ~ Disaster
relief
$11M ~ Capital
$03M ~ Debt
$78 million
dollars provided
for Solid Waste
facilities opera-
tions capital
projects and debt
service
$60M ~ Opera-
tions
$18M ~ Capital
Funded by $53M
in property tax-
es $8M in user
fees $17M in
bond proceeds
and grant reve-
nues
Education
Community
Funding
Public Safety
Solid
Waste
7
8
20
16
9
Wh
ere
th
e M
on
ey
Co
me
s F
rom
Dollars Inhellip Governmental Fund Revenues
Funding for the Kenai Peninsula Borough government and the ser-
vices provided to residents comes from many sources with the ma-
jority coming from Property taxes and Sales Tax which totals 84 of
all revenue collections for the General Fund Grants being the second
largest revenue source makes up 13
The Boroughrsquos General fund and Other Governmental funds also re-
ceives revenue from charges for services grants investment income
and various other revenues streams In total FY 2016 revenues de-
creased by $3498000 when compared to FY 2015 due to reduced
grant revenues
2016 10
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergen-cy Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recrea-tion Seldovia Recreation Roads Land Trust Seward Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communica-tions Nikiski Senior Miscellaneous Grant Fund
Other Governmental Fund Revenues
(Includes Services Areas)
Amounts are expressed in dollars
11
General Fund Revenues
Amounts are expressed in dollars
12
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergency Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recreation Seldovia Recreation Roads Land Trust Sew-ard Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communications Nikiski Seniors Miscellaneous Grant Fund
Amounts are expressed in dollars
Wh
ere
Th
e M
on
ey
Go
es
13
Dollars Out Governmental Fund Expenditures
The Borough provides a range of services including fire and emergency med-
ical services recreational programs and activities road maintenance permit-
ting and education to maintain and promote valuable fish and wildlife habi-
tat map books land use permits and solid waste programs
General Government - supports all borough offices and departments that
serve the public This includes public information intergovernmental rela-
tions creating and implementing the boroughrsquos policy assessing and collect-
ing taxes and managed of the borough budget
Education - provide operational funding for the school district and Kenai
Peninsula college through cash contributions in-kind services maintenance
of facilities utilities insurance audit fees and custodial services
Public Safety - provide fire protection and emergency medical service and
rescue capabilities to the citizens of the borough
Solid Waste - operate solid
waste facilities and programs
to ensure waste is managed in
accordance with borough
code and state and federal
requirements
RoadsTrails - provide road
maintenance for roads within
KPB road service area
Land Trust - to maintain
land inventory and issue land
use permits
Recreation - provides recre-
2016
Pri
ma
ry G
ove
rnm
en
t F
ina
nci
al
Sta
tem
en
t Government Wide - Balance sheet
The Kenai Peninsula Boroughrsquos Balance Sheet depicts our financial condi-
tion as of June 30 2016 The balance sheet is a summary of what the
Borough owns (assets) and owes (liabilities) The balance sheet excludes
fiduciary funds as well as hospitals and school component units
Total net position is the difference between total assets (what we own)
including deferred outflows and total liabilities (what we owe) includ-
ing deferred inflows In FY 2016 Total assets increased more than the
increase in total liabilities causing an overall increase to total net posi-
tion
2016 14
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
$639 million
dollars provided
for Education in
2016 the equiva-
lent of 800 mills
$483M ~ KPBSD
(Operations and other related ex-penditures)
$07M ~ KPC
$108M ~ Capital
$41M ~Debt
$301M 100 of Sales tax revenues go to Education as well as $265M in property taxes and $73M in bond proceeds and grant revenues
$20 million dol-
lars provided for
Senior Citizens
and other Com-
munity Programs
and organizations
throughout the
Borough
$947294~ Senior
Centers
$502876~ Reve-
nue Sharing
$67500~EDD
$339954~KPTMC
$50000~Carts
$80440~SBDC
$188 million
dollars provided
for Public Safety
Emergency Man-
agement and E911
dispatch services
$07M ~ Emergen-
cy Management
$21M ~ E911
DispatchServices
$138M ~ Fire amp
Emergency Medi-
cal Services
$8M ~ Disaster
relief
$11M ~ Capital
$03M ~ Debt
$78 million
dollars provided
for Solid Waste
facilities opera-
tions capital
projects and debt
service
$60M ~ Opera-
tions
$18M ~ Capital
Funded by $53M
in property tax-
es $8M in user
fees $17M in
bond proceeds
and grant reve-
nues
Education
Community
Funding
Public Safety
Solid
Waste
7
8
20
16
9
Wh
ere
th
e M
on
ey
Co
me
s F
rom
Dollars Inhellip Governmental Fund Revenues
Funding for the Kenai Peninsula Borough government and the ser-
vices provided to residents comes from many sources with the ma-
jority coming from Property taxes and Sales Tax which totals 84 of
all revenue collections for the General Fund Grants being the second
largest revenue source makes up 13
The Boroughrsquos General fund and Other Governmental funds also re-
ceives revenue from charges for services grants investment income
and various other revenues streams In total FY 2016 revenues de-
creased by $3498000 when compared to FY 2015 due to reduced
grant revenues
2016 10
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergen-cy Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recrea-tion Seldovia Recreation Roads Land Trust Seward Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communica-tions Nikiski Senior Miscellaneous Grant Fund
Other Governmental Fund Revenues
(Includes Services Areas)
Amounts are expressed in dollars
11
General Fund Revenues
Amounts are expressed in dollars
12
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergency Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recreation Seldovia Recreation Roads Land Trust Sew-ard Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communications Nikiski Seniors Miscellaneous Grant Fund
Amounts are expressed in dollars
Wh
ere
Th
e M
on
ey
Go
es
13
Dollars Out Governmental Fund Expenditures
The Borough provides a range of services including fire and emergency med-
ical services recreational programs and activities road maintenance permit-
ting and education to maintain and promote valuable fish and wildlife habi-
tat map books land use permits and solid waste programs
General Government - supports all borough offices and departments that
serve the public This includes public information intergovernmental rela-
tions creating and implementing the boroughrsquos policy assessing and collect-
ing taxes and managed of the borough budget
Education - provide operational funding for the school district and Kenai
Peninsula college through cash contributions in-kind services maintenance
of facilities utilities insurance audit fees and custodial services
Public Safety - provide fire protection and emergency medical service and
rescue capabilities to the citizens of the borough
Solid Waste - operate solid
waste facilities and programs
to ensure waste is managed in
accordance with borough
code and state and federal
requirements
RoadsTrails - provide road
maintenance for roads within
KPB road service area
Land Trust - to maintain
land inventory and issue land
use permits
Recreation - provides recre-
2016
Pri
ma
ry G
ove
rnm
en
t F
ina
nci
al
Sta
tem
en
t Government Wide - Balance sheet
The Kenai Peninsula Boroughrsquos Balance Sheet depicts our financial condi-
tion as of June 30 2016 The balance sheet is a summary of what the
Borough owns (assets) and owes (liabilities) The balance sheet excludes
fiduciary funds as well as hospitals and school component units
Total net position is the difference between total assets (what we own)
including deferred outflows and total liabilities (what we owe) includ-
ing deferred inflows In FY 2016 Total assets increased more than the
increase in total liabilities causing an overall increase to total net posi-
tion
2016 14
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
8
20
16
9
Wh
ere
th
e M
on
ey
Co
me
s F
rom
Dollars Inhellip Governmental Fund Revenues
Funding for the Kenai Peninsula Borough government and the ser-
vices provided to residents comes from many sources with the ma-
jority coming from Property taxes and Sales Tax which totals 84 of
all revenue collections for the General Fund Grants being the second
largest revenue source makes up 13
The Boroughrsquos General fund and Other Governmental funds also re-
ceives revenue from charges for services grants investment income
and various other revenues streams In total FY 2016 revenues de-
creased by $3498000 when compared to FY 2015 due to reduced
grant revenues
2016 10
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergen-cy Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recrea-tion Seldovia Recreation Roads Land Trust Seward Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communica-tions Nikiski Senior Miscellaneous Grant Fund
Other Governmental Fund Revenues
(Includes Services Areas)
Amounts are expressed in dollars
11
General Fund Revenues
Amounts are expressed in dollars
12
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergency Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recreation Seldovia Recreation Roads Land Trust Sew-ard Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communications Nikiski Seniors Miscellaneous Grant Fund
Amounts are expressed in dollars
Wh
ere
Th
e M
on
ey
Go
es
13
Dollars Out Governmental Fund Expenditures
The Borough provides a range of services including fire and emergency med-
ical services recreational programs and activities road maintenance permit-
ting and education to maintain and promote valuable fish and wildlife habi-
tat map books land use permits and solid waste programs
General Government - supports all borough offices and departments that
serve the public This includes public information intergovernmental rela-
tions creating and implementing the boroughrsquos policy assessing and collect-
ing taxes and managed of the borough budget
Education - provide operational funding for the school district and Kenai
Peninsula college through cash contributions in-kind services maintenance
of facilities utilities insurance audit fees and custodial services
Public Safety - provide fire protection and emergency medical service and
rescue capabilities to the citizens of the borough
Solid Waste - operate solid
waste facilities and programs
to ensure waste is managed in
accordance with borough
code and state and federal
requirements
RoadsTrails - provide road
maintenance for roads within
KPB road service area
Land Trust - to maintain
land inventory and issue land
use permits
Recreation - provides recre-
2016
Pri
ma
ry G
ove
rnm
en
t F
ina
nci
al
Sta
tem
en
t Government Wide - Balance sheet
The Kenai Peninsula Boroughrsquos Balance Sheet depicts our financial condi-
tion as of June 30 2016 The balance sheet is a summary of what the
Borough owns (assets) and owes (liabilities) The balance sheet excludes
fiduciary funds as well as hospitals and school component units
Total net position is the difference between total assets (what we own)
including deferred outflows and total liabilities (what we owe) includ-
ing deferred inflows In FY 2016 Total assets increased more than the
increase in total liabilities causing an overall increase to total net posi-
tion
2016 14
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
20
16
9
Wh
ere
th
e M
on
ey
Co
me
s F
rom
Dollars Inhellip Governmental Fund Revenues
Funding for the Kenai Peninsula Borough government and the ser-
vices provided to residents comes from many sources with the ma-
jority coming from Property taxes and Sales Tax which totals 84 of
all revenue collections for the General Fund Grants being the second
largest revenue source makes up 13
The Boroughrsquos General fund and Other Governmental funds also re-
ceives revenue from charges for services grants investment income
and various other revenues streams In total FY 2016 revenues de-
creased by $3498000 when compared to FY 2015 due to reduced
grant revenues
2016 10
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergen-cy Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recrea-tion Seldovia Recreation Roads Land Trust Seward Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communica-tions Nikiski Senior Miscellaneous Grant Fund
Other Governmental Fund Revenues
(Includes Services Areas)
Amounts are expressed in dollars
11
General Fund Revenues
Amounts are expressed in dollars
12
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergency Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recreation Seldovia Recreation Roads Land Trust Sew-ard Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communications Nikiski Seniors Miscellaneous Grant Fund
Amounts are expressed in dollars
Wh
ere
Th
e M
on
ey
Go
es
13
Dollars Out Governmental Fund Expenditures
The Borough provides a range of services including fire and emergency med-
ical services recreational programs and activities road maintenance permit-
ting and education to maintain and promote valuable fish and wildlife habi-
tat map books land use permits and solid waste programs
General Government - supports all borough offices and departments that
serve the public This includes public information intergovernmental rela-
tions creating and implementing the boroughrsquos policy assessing and collect-
ing taxes and managed of the borough budget
Education - provide operational funding for the school district and Kenai
Peninsula college through cash contributions in-kind services maintenance
of facilities utilities insurance audit fees and custodial services
Public Safety - provide fire protection and emergency medical service and
rescue capabilities to the citizens of the borough
Solid Waste - operate solid
waste facilities and programs
to ensure waste is managed in
accordance with borough
code and state and federal
requirements
RoadsTrails - provide road
maintenance for roads within
KPB road service area
Land Trust - to maintain
land inventory and issue land
use permits
Recreation - provides recre-
2016
Pri
ma
ry G
ove
rnm
en
t F
ina
nci
al
Sta
tem
en
t Government Wide - Balance sheet
The Kenai Peninsula Boroughrsquos Balance Sheet depicts our financial condi-
tion as of June 30 2016 The balance sheet is a summary of what the
Borough owns (assets) and owes (liabilities) The balance sheet excludes
fiduciary funds as well as hospitals and school component units
Total net position is the difference between total assets (what we own)
including deferred outflows and total liabilities (what we owe) includ-
ing deferred inflows In FY 2016 Total assets increased more than the
increase in total liabilities causing an overall increase to total net posi-
tion
2016 14
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
Wh
ere
th
e M
on
ey
Co
me
s F
rom
Dollars Inhellip Governmental Fund Revenues
Funding for the Kenai Peninsula Borough government and the ser-
vices provided to residents comes from many sources with the ma-
jority coming from Property taxes and Sales Tax which totals 84 of
all revenue collections for the General Fund Grants being the second
largest revenue source makes up 13
The Boroughrsquos General fund and Other Governmental funds also re-
ceives revenue from charges for services grants investment income
and various other revenues streams In total FY 2016 revenues de-
creased by $3498000 when compared to FY 2015 due to reduced
grant revenues
2016 10
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergen-cy Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recrea-tion Seldovia Recreation Roads Land Trust Seward Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communica-tions Nikiski Senior Miscellaneous Grant Fund
Other Governmental Fund Revenues
(Includes Services Areas)
Amounts are expressed in dollars
11
General Fund Revenues
Amounts are expressed in dollars
12
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergency Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recreation Seldovia Recreation Roads Land Trust Sew-ard Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communications Nikiski Seniors Miscellaneous Grant Fund
Amounts are expressed in dollars
Wh
ere
Th
e M
on
ey
Go
es
13
Dollars Out Governmental Fund Expenditures
The Borough provides a range of services including fire and emergency med-
ical services recreational programs and activities road maintenance permit-
ting and education to maintain and promote valuable fish and wildlife habi-
tat map books land use permits and solid waste programs
General Government - supports all borough offices and departments that
serve the public This includes public information intergovernmental rela-
tions creating and implementing the boroughrsquos policy assessing and collect-
ing taxes and managed of the borough budget
Education - provide operational funding for the school district and Kenai
Peninsula college through cash contributions in-kind services maintenance
of facilities utilities insurance audit fees and custodial services
Public Safety - provide fire protection and emergency medical service and
rescue capabilities to the citizens of the borough
Solid Waste - operate solid
waste facilities and programs
to ensure waste is managed in
accordance with borough
code and state and federal
requirements
RoadsTrails - provide road
maintenance for roads within
KPB road service area
Land Trust - to maintain
land inventory and issue land
use permits
Recreation - provides recre-
2016
Pri
ma
ry G
ove
rnm
en
t F
ina
nci
al
Sta
tem
en
t Government Wide - Balance sheet
The Kenai Peninsula Boroughrsquos Balance Sheet depicts our financial condi-
tion as of June 30 2016 The balance sheet is a summary of what the
Borough owns (assets) and owes (liabilities) The balance sheet excludes
fiduciary funds as well as hospitals and school component units
Total net position is the difference between total assets (what we own)
including deferred outflows and total liabilities (what we owe) includ-
ing deferred inflows In FY 2016 Total assets increased more than the
increase in total liabilities causing an overall increase to total net posi-
tion
2016 14
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
11
General Fund Revenues
Amounts are expressed in dollars
12
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergency Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recreation Seldovia Recreation Roads Land Trust Sew-ard Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communications Nikiski Seniors Miscellaneous Grant Fund
Amounts are expressed in dollars
Wh
ere
Th
e M
on
ey
Go
es
13
Dollars Out Governmental Fund Expenditures
The Borough provides a range of services including fire and emergency med-
ical services recreational programs and activities road maintenance permit-
ting and education to maintain and promote valuable fish and wildlife habi-
tat map books land use permits and solid waste programs
General Government - supports all borough offices and departments that
serve the public This includes public information intergovernmental rela-
tions creating and implementing the boroughrsquos policy assessing and collect-
ing taxes and managed of the borough budget
Education - provide operational funding for the school district and Kenai
Peninsula college through cash contributions in-kind services maintenance
of facilities utilities insurance audit fees and custodial services
Public Safety - provide fire protection and emergency medical service and
rescue capabilities to the citizens of the borough
Solid Waste - operate solid
waste facilities and programs
to ensure waste is managed in
accordance with borough
code and state and federal
requirements
RoadsTrails - provide road
maintenance for roads within
KPB road service area
Land Trust - to maintain
land inventory and issue land
use permits
Recreation - provides recre-
2016
Pri
ma
ry G
ove
rnm
en
t F
ina
nci
al
Sta
tem
en
t Government Wide - Balance sheet
The Kenai Peninsula Boroughrsquos Balance Sheet depicts our financial condi-
tion as of June 30 2016 The balance sheet is a summary of what the
Borough owns (assets) and owes (liabilities) The balance sheet excludes
fiduciary funds as well as hospitals and school component units
Total net position is the difference between total assets (what we own)
including deferred outflows and total liabilities (what we owe) includ-
ing deferred inflows In FY 2016 Total assets increased more than the
increase in total liabilities causing an overall increase to total net posi-
tion
2016 14
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
12
Service areas and Special Revenue Funds include Nikiski Fire Bear Creek Fire Anchor Point Fire and Emergency Medical Central Emergency Services Kachemak Emergency Services Lowell Point Emergency Services Central Peninsula Emergency Medical North Peninsula Recreation Seldovia Recreation Roads Land Trust Sew-ard Bear Creek Flood Environmental Protection Program Disaster Relief 911 Communications Nikiski Seniors Miscellaneous Grant Fund
Amounts are expressed in dollars
Wh
ere
Th
e M
on
ey
Go
es
13
Dollars Out Governmental Fund Expenditures
The Borough provides a range of services including fire and emergency med-
ical services recreational programs and activities road maintenance permit-
ting and education to maintain and promote valuable fish and wildlife habi-
tat map books land use permits and solid waste programs
General Government - supports all borough offices and departments that
serve the public This includes public information intergovernmental rela-
tions creating and implementing the boroughrsquos policy assessing and collect-
ing taxes and managed of the borough budget
Education - provide operational funding for the school district and Kenai
Peninsula college through cash contributions in-kind services maintenance
of facilities utilities insurance audit fees and custodial services
Public Safety - provide fire protection and emergency medical service and
rescue capabilities to the citizens of the borough
Solid Waste - operate solid
waste facilities and programs
to ensure waste is managed in
accordance with borough
code and state and federal
requirements
RoadsTrails - provide road
maintenance for roads within
KPB road service area
Land Trust - to maintain
land inventory and issue land
use permits
Recreation - provides recre-
2016
Pri
ma
ry G
ove
rnm
en
t F
ina
nci
al
Sta
tem
en
t Government Wide - Balance sheet
The Kenai Peninsula Boroughrsquos Balance Sheet depicts our financial condi-
tion as of June 30 2016 The balance sheet is a summary of what the
Borough owns (assets) and owes (liabilities) The balance sheet excludes
fiduciary funds as well as hospitals and school component units
Total net position is the difference between total assets (what we own)
including deferred outflows and total liabilities (what we owe) includ-
ing deferred inflows In FY 2016 Total assets increased more than the
increase in total liabilities causing an overall increase to total net posi-
tion
2016 14
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
Wh
ere
Th
e M
on
ey
Go
es
13
Dollars Out Governmental Fund Expenditures
The Borough provides a range of services including fire and emergency med-
ical services recreational programs and activities road maintenance permit-
ting and education to maintain and promote valuable fish and wildlife habi-
tat map books land use permits and solid waste programs
General Government - supports all borough offices and departments that
serve the public This includes public information intergovernmental rela-
tions creating and implementing the boroughrsquos policy assessing and collect-
ing taxes and managed of the borough budget
Education - provide operational funding for the school district and Kenai
Peninsula college through cash contributions in-kind services maintenance
of facilities utilities insurance audit fees and custodial services
Public Safety - provide fire protection and emergency medical service and
rescue capabilities to the citizens of the borough
Solid Waste - operate solid
waste facilities and programs
to ensure waste is managed in
accordance with borough
code and state and federal
requirements
RoadsTrails - provide road
maintenance for roads within
KPB road service area
Land Trust - to maintain
land inventory and issue land
use permits
Recreation - provides recre-
2016
Pri
ma
ry G
ove
rnm
en
t F
ina
nci
al
Sta
tem
en
t Government Wide - Balance sheet
The Kenai Peninsula Boroughrsquos Balance Sheet depicts our financial condi-
tion as of June 30 2016 The balance sheet is a summary of what the
Borough owns (assets) and owes (liabilities) The balance sheet excludes
fiduciary funds as well as hospitals and school component units
Total net position is the difference between total assets (what we own)
including deferred outflows and total liabilities (what we owe) includ-
ing deferred inflows In FY 2016 Total assets increased more than the
increase in total liabilities causing an overall increase to total net posi-
tion
2016 14
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
Pri
ma
ry G
ove
rnm
en
t F
ina
nci
al
Sta
tem
en
t Government Wide - Balance sheet
The Kenai Peninsula Boroughrsquos Balance Sheet depicts our financial condi-
tion as of June 30 2016 The balance sheet is a summary of what the
Borough owns (assets) and owes (liabilities) The balance sheet excludes
fiduciary funds as well as hospitals and school component units
Total net position is the difference between total assets (what we own)
including deferred outflows and total liabilities (what we owe) includ-
ing deferred inflows In FY 2016 Total assets increased more than the
increase in total liabilities causing an overall increase to total net posi-
tion
2016 14
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
Prim
ary
Go
vern
me
nt F
ina
ncia
l Sta
tem
en
t Government Wide - Income Statement
The Kenai Peninsula Boroughrsquos Income Statement (Statement of Activities) re-
flects our financial activity for the fiscal year end June 30 2016 The Income
15
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
De
bt
~ W
ha
t W
e O
we
The Boroughrsquos primary government debt is comprised of General Obli-
gation Bonds
1 General Obligationndash debt backed by the Borough As of June 30 2016
the debt is issued through the State of Alaskarsquos Bond Bank their current
rating is AA
Total Outstanding debt
16
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
Glo
ssary
The following terms are used in this report and are defined below
Assets - what the Kenai Peninsula Borough owns
Capital assets - items such as Borough land construction in progress equipment infrastruc-
ture and buildings and improvements net of depreciation
Current and other assets - items such as cash and investments receivables internal balances
inventories deposits with others prepaid items and deferred charges
Deferred inflows - an acquisition of net assets by the entity that is applicable to a future re-
porting period
Deferred outflows - a consumption of net assets by the entity that is applicable to a future
reporting period
Fiscal Year (FY) - accounting period covering 12 consecutive months July 1 to June 30 for the
Borough
Governmental activities - Borough based services including fire public works sanitations
economic development and culture and recreations Sales use and property taxes finance the
majority of these services
Invested in capital assets net of related debt - amounts invested in capital assets less accu-
mulated depreciation and any outstanding debt used to acquire these assets
Liabilities - what the Kenai Peninsula Borough owes
Long-term liabilities - items such as bonds loans compensated absences and other Borough
obligations
Net position - the difference between the Kenai Peninsula Boroughrsquos assets and liabilities It is
the net worth of the Kenai Peninsula Borough
Other liabilities - items such as payables payroll accrued interest and unearned revenue
Primary Government - all of the governmental and business type activities belonging to the
Kenai Peninsula Borough but excludes the discrete component units and fiduciary funds
Restricted- funds that are not available for use because they
have been set aside for a specific purpose or project
Unrestricted - available funds 2016
The purpose of this report is to provide an overview of the financial position and operations of the Kenai Peninsula Borough as reported in the
boroughrsquos Comprehensive Annual Report (CAFR) along with other information of interest The financial information presented is unaudited and
condensed form and does not substitute for the Boroughrsquos CAFR The Boroughrsquos CAFR is prepared in conformity with generally accepted accounting
principles (GAAP) Included in the CAFR is the independent Auditorrsquos Report by BDO USA LLP on the general purpose financial statements of the
Borough This report summarizes nearly 148 pages of the CAFRrsquos financial and statistical data The financial statements condense information of all
funds included in the ldquoTotal Primary Governmentrdquo GAAP requires certain financial presentation and disclosures which are omitted in this report As
a result the Balance Sheet and Income Statement presented here are not in strict conformity with GAAP The Boroughrsquos CAFR and Annual Budget
have received awards for outstanding financial reporting from the Government Finance Officers Association The CAFR and the Annual Budget
reports are available on the Boroughrsquos website httpwwwboroughkenaiakusfinance-deptfinance-home
17
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
KENAI PENINSULA BOROUGH
144 North Binkley Street Soldotna Alaska 99669
Toll-free within the Borough (800) 478-4441
Phone (907) 714-2170
Fax (907) 714-2376
wwwboroughkenaiakus
