HomeMy Public PortalAbout2020 PAFR2020
Popular Annual
Financial Report
For the fiscal year ended
October 31, 2020
City of Jefferson
Missouri
A Message from the Director of Finance
City of Jefferson CiƟzens,
In our ongoing effort to inform the City of Jefferson ciƟzens about the state of
the City of Jefferson finances, we are pleased to present the 2020 Popular Annual
Financial Report (PAFR).
This report is reflecƟve of our commitment to preserving the city’s long‐
term financial health and is intended to summarize the financial
acƟviƟes of the City’s funds that are reported in more detail in the
Annual Comprehensive Financial Report (ACFR). The PAFR contains
informaƟon only from selected funds and excludes the City’s
component unit, therefore it is not presented in accordance with
Generally Accepted AccounƟng Principles (GAAP). A copy of the ACFR
is available on the City’s website at
www.jeffersoncitymo.gov/government/acfr.php.
To the best of our knowledge, the informaƟon presented herein is
accurate in all material respects and presents fairly the financial
posiƟon and results of operaƟons for the fiscal year ending October 31,
2020. Responsibility for the accuracy, completeness and fairness of the
data presented rests solely with the City. A special thank you goes out
to the Finance Department staff whose hard work and diligence made
this possible. The PAFR is prepared in accordance with the Government
Finance Officers AssociaƟon standards.
We hope you find this report informaƟve and we welcome your
comments and quesƟons. CiƟzens may keep apprised of the state of
the City finances by reviewing the monthly financial reports posted to
the City website at
www.jeffersoncitymo.gov/government/financial_reports.php.
Respecƞully SubmiƩed,
Margie Mueller, CPA
Director of Finance and InformaƟon Technology Services
Page 1 ‐ City of Jefferson Popular Annual Financial Report 2020
Table of Contents
City History 2
Notable Achievement 2
The Governing Body 3
City of Jefferson Ward Map 3
Community Profile 4
By the Numbers 5‐6
Financial AcƟvity Statements 7‐8
Where Does the Money Come From? 9
Where Does the Money Go? 10
Which Agencies Share Sales Tax Revenue? 11
Sales Tax Rate Comparison 11
Where Does Property Tax Go? 12
Outstanding Debt 12
Financial ReporƟng Awards 13
How to Obtain a Copy of the ACFR 14
City of Jefferson
The City of Jefferson is the capital of Missouri and the county seat of
Cole County. Located on the banks of the Missouri River in the
center of the State, the City of Jefferson is the hub of state govern‐
ment which is the City’s largest employer and its major industry.
The City was established by an act of the U.S. Congress on December
31, 1821 and was originally laid out by Daniel M. Boone, son of the
famous pioneer, and Major Elias BancroŌ. It has the disƟncƟon of
being located on land donated by the federal government for
establishment of the state capital city. Many of the original seƩlers
came from Virginia in the vicinity of MonƟcello, the home of Thomas
Jefferson, and were, in fact, friends of the former President. The City
of Jefferson, named in his honor, was incorporated in 1825, four
years aŌer its founding. The City of Jefferson operates under the
ConsƟtuƟon and laws of Missouri, and a City Charter adopted in
1986.
Page 2 ‐ City of Jefferson Popular Annual Financial Report 2020
Winner of 2013 Best Small Towns—
America’s Most Beautiful Small Town
Judges’ Take:
“Jefferson City’s essay used colorful language to bring out the
beauty and charm of the town, from its proud historical connec-
tions to its lovely capitol and other elegant buildings.”
Watch our winning video at hƩp://www.jeffersoncitymo.gov/watch_our_winning_video_here.php
Page 3 ‐ City of Jefferson Popular Annual Financial Report 2020
The Governing Body
City of Jefferson Ward Map
COMMUNITY PROFILE
Jefferson City, Missouri
QUICK FACTS
HOUSEHOLDS
Median Household Income: $52,253
Per Capita Income: $28,073
Median Value of Owner –Occupied Housing Units:
$147,800
GOVERN-
MENT
Form of Government:
Mayor—City Council—
City Administrator
Total Land Size: 37.58
square miles in both
Cole and Callaway CounƟes
Authorized full Ɵme equivalent employees: 436
EMPLOYMENT
Unemployment Rate: 3.0%
Top 5 largest employers
*State of Missouri: 14,174
*Jefferson City Public Schools: 1,627
*Capital Region Medical Center: 1,527
*ScholasƟc, Inc: 1,500
*Central Bancompany: 1,020
LocaƟon Miles
Springfield, IL 160
Topeka, KS 191
Des Moines, IA 221
Tulsa, OK 265
LiƩle Rock, AR 266
Omaha, NE 275
Paducah, KY 307
Nashville, TN 340
RESIDENTS
Median Resident Age: 37.9
20% of populaƟon under age 18
16% of populaƟon age 65 or over
8,072 students enrolled in Jefferson City School District
Page 4 ‐ City of Jefferson Popular Annual Financial Report 2020
BY THE NUMBERS
Page 5 ‐ City of Jefferson Popular Annual Financial Report 2020
2020 2019
Number of Stations 5 5
Number of Fire Calls Answered 5,056 5,191
Number of Inspections Conducted 1,029 1,635
POLICE DEPARTMENT
2020 2019
Police Calls for Service 46,478 57,423
Crimes Reported 3,412 3,925
Arrests/Detentions 3,813 4,842
Number of Patrol Units 32 32
FIRE DEPARTMENT
2020 2019
Center Line Miles of Streets 255 255
Number of Snow Removal Hours 3,308 3,882
STREET DEPARTMENT
BY THE NUMBERS
Average Daily Number of Wastewater Gallons Treated
2020 — 7,819,726
2019 — 11,732,817
Business licenses issued (new & renewal)
2020 — 2,754
2019 — 3,132
Number of permits issued (building, electrical, plumbing, sign and demolition)
2020 — 3,533
2019 — 1,317
Page 6 ‐ City of Jefferson Popular Annual Financial Report 2020
Number of playgrounds
2020 — 13
2019 — 13
Number of Parks
2020 — 18
2019 — 18
Financial Activity Statements for Years Ended
October 31, 2018, 2019, and 2020
Governmental Funds - Governmental acƟviƟes, which normally are supported by taxes and intergovernmental revenues, are
recorded in governmental funds for the City of Jefferson. City of Jefferson major governmental funds include the General Fund, the Parks
Fund, and Capital Improvements Sales Tax Funds. The City of Jefferson also has several non‐major governmental funds including the Police
Training Fund, the Lodging Tax Fund, the JC Veterans Plaza Trust Fund, the City Hall Art Trust Fund, the USS Submarine Trust Fund, and the
Woodland Cemetery Trust Fund. The City’s basic services, including police, fire, streets, public works, and planning and protecƟve services are
accounted for in these funds, as are administraƟve services within the city such as human resources, finance, and informaƟon technologies.
Revenues 2020 2019
Sales and other user taxes $25,260,601 $24,155,498
Property taxes $5,571,683 $5,447,766
Utility/Franchise taxes $6,213,429 $6,695,255
License, permits and fees $1,192,052 $999,288
Intergovernmental $5,740,548 $5,796,576
Charges for services $5,388,665 $5,340,021
Fines and forfeitures $438,599 $680,331
Governmental Funds
Contributions $382,999 $364,083
Miscellaneous $412,095 $382,815
Investment earnings $445,087 $373,687
Total Revenues $51,123,823 $50,235,320
2018
$23,891,622
$5,484,475
$7,687,404
$911,495
$3,562,158
$5,241,920
$792,331
$384,174
$335,096
$244,424
$48,535,099
Local grants $78,065 $0 $0
Other Financing Sources (Uses): 2020 2019
Proceeds from sale of assets $106,280 $1,174,639
Transfers in $338,036 $26,850
Transfers out $(1,768,703) $(1,536,922)
Net Change in Fund Balances $1,381,728 $(335,433)
Fund Balances, beginning $22,926,495 $23,607,676
Fund Balances, ending $24,308,223 $22,926,495
2018
$205,543
$24,102
$(1,528,062)
$(1,298,417)
$22,559,686
$23,607,676
Issuance of Debt $7,305,000 $0 $0
Capital Contributions $7,158 $0 $0
Premium on issuance of debt $164,573 $0 $0
Page 7 ‐ City of Jefferson Popular Annual Financial Report 2020
Expenditures by Function 2020 2019
General government $6,250,285 $6,349,279
Public safety $18,431,354 $18,391,085
Community development $8,549,008 $8,177,317
Cultural and recreation $7,240,909 $6,842,304
Capital outlay $14,553,522 $10,421,083
Total Expenditures $55,894,439 $50,581,068
2018
$5,923,438
$17,920,197
$7,969,032
$6,556,633
$6,619,392
$46,188,692
Debt service (principal & interest) $869,361 $400,000 $1,200,000
There was a significant in‐
crease in intergovernmental
revenue from 2018 to 2019
related to an increase in re‐
ceipts from joint projects be‐
tween the City of Jefferson
and Cole County.
There have been significant
increases in capital outlay
expenditures. Fiscal year
2019 included several signifi‐
cant capital projects, such as
the Community Parks renova‐
Ɵon, the compleƟon of Fire
StaƟon #2, and the Dunklin
Street Bridge project. Fiscal
year 2020 included several
large projects, such as the
compleƟon of the Dunklin
Street Bridge and Corridor
Improvements, the comple‐
Ɵon of the Cavalier Drive im‐
provements, and the pur‐
chase of the 63 Diamonds
Sports Complex.
There was also a significant
increase in the issuance of
debt during fiscal year 2020.
A Parks System Special Obli‐
gaƟon Bond Series 2019 was
issued in the amount of
$7,305,000, payable in annual
installments through Septem‐
ber 1, 2039.
Financial Activity Statements for Years Ended
October 31, 2018, 2019 and 2020
Enterprise Funds - The financial acƟviƟes for the Airport, Parking, Transit and Wastewater are recorded in enterprise funds for the City
of Jefferson and are financed primarily by user fees and charges for services provided to ciƟzens. Currently the Parking and Wastewater funds
are self‐sufficient, while the Airport and Transit funds receive a subsidy from the City of Jefferson’s general fund.
Enterprise Funds
Revenues 2020 2019
Airport revenues $128,406 $442,837
Parking revenues $906,564 $1,154,581
Transit revenues $172,331 $276,693
Wastewater revenues $11,482,636 $11,588,856
Total Operating Revenues $12,689,937 $13,462,967
2018
$160,186
$1,153,256
$237,749
$11,564,490
$13,115,681
Operating Expenses 2020 2019
Airport expenses $1,555,851 $1,605,983
Parking expenses $907,594 $825,266
Transit expenses $2,855,475 $2,755,725
Wastewater expenses $11,157,264 $10,546,895
Total Operating Expenses $16,476,184 $15,733,869
2018
$1,567,875
$903,445
$2,948,894
$9,102,837
$14,523,051
Non‐Operating Revenues (Expenses) 2020 2019 2018
Intergovernmental $1,950,752 $1,162,330 $1,169,604
Interest and investment revenue $812,845 $966,363 $1,057,561
Interest expense and fees $(1,693,333) $(1,923,454) $(2,101,422)
Gain/(Loss) on sale of capital assets $12,040 $39,500 $24,722
Total Non‐Operating Revenues (Expenses) $976,702 $244,739 $150,465
Debt issuance cost $(105,602) $0 $0
Income (loss) before contributions and transfers $(2,809,545) $(2,026,163) $(1,256,905)
Capital contributions $1,342,403 $1,507,967 $703,394
Transfers in $1,430,668 $1,510,072 $1,503,960
Change in Net Position $(36,474) $991,876 $950,449
Net Position, beginning $76,481,526 $75,489,650 $74,781,078
Cumulative change in accounting principle $0 $0 $(241,877)
Net Position, beginning-as restated $76,481,526 $75,489,650 $74,539,201
Net Position, ending $76,445,052 $76,481,526 $75,489,650
There was an increase in airport revenue from 2018 to 2019 due to the fact that the airport received a significant insurance claim as a result of
damage that occurred from severe flooding during FY19.
In fiscal year 2019 there was a significant increase in wastewater expenses due to an increase in capital outlay expenditures for capital pro‐
jects such as the Wears Creek East Branch upgrade. In fiscal year 2020 there was a significant increase in wastewater expenses due to an in‐
crease in capital outlay expenditures for capital projects such as the Basin 17 Sanitary Sewer Relief.
During fiscal year 2020, there was an overall decline in revenues for the Airport, Parking, and Transit Funds, which can be aƩributed to the
COVID‐19 pandemic. Page 8 ‐ City of Jefferson Popular Annual Financial Report 2020
Where does the money come from?
Governmental Funds
Revenues 2020
Sales and other user taxes $25,260,601
Property taxes $5,571,683
UƟlity/Franchise taxes $6,213,429
License, permits and fees $1,192,052
Intergovernmental $5,740,548
Charges for services $5,388,665
Fines and forfeitures $438,599
Investment earnings $445,087
ContribuƟons $382,999
Miscellaneous $412,095
Total Revenues $51,123,823
Local grants $78,065
Sales and other user
taxes
49.41%
Property taxes
10.90%
Utility/Franchise
taxes
12.15%
License, permit and
fees
2.33%
Intergovernmental
11.23%
Local grants
0.15%
Charges for services
10.54%Fines and forfeitures
0.86%
Investment earnings
0.87%
Contributions
0.75%
Miscellaneous
0.81%
Taxes generate a majority of the City’s revenue and 49.4% is
generated by taxes levied for sales and other user taxes. The
City’s sales taxes include 1% general fund sales tax, a 1/2% capital
improvement sales tax, and a 1/2% parks sales tax.
Intergovernmental revenues represent 11.2% of the City’s total
revenue and includes motor vehicle sales tax and license fees, the
receipts from the State for fuel tax, as well as cigareƩe taxes and
grant funds.
Charges for services include fees charged by Parks and
RecreaƟons as well as charges for various city services including,
but not limited to, street cuts, Cole County 911 services, and Cole
County Animal Rescue.
Fines and forfeitures include fines collected by Municipal Court.
License, permit and fees includes revenues from building,
plumbing, and electrical permits, as well as business and liquor
licenses and food inspecƟon fees.
Investment earnings includes revenue earned from the
investment of idle City funds throughout the year in accordance
with the City’s investment policy.
ContribuƟons include revenue donated from ciƟzens to various
City programs, as well as revenues received as part of exisƟng
Page 9- City of Jefferson Popular Annual Financial Report 2020
contracts intended to assist in maintaining certain
infrastructure.
Miscellaneous revenue includes proceeds from insurance
claims.
The expenditures for governmental funds totaled
$55,894,439 for 2020. The largest category of expenditure is
for Public Safety and represents 32.98% of all governmental
acƟviƟes.
Public safety includes all operaƟons of the Police and Fire
departments.
Capital outlay expenditures are 26.04% of the total and
include all capital purchases and capital projects of the
governmental funds.
Community development expenditures include expenditures
for Public Works and Planning and ProtecƟve Services,
including Streets and Central Maintenance.
General government expenditures include AdministraƟon,
Law, Municipal Court, Human Resources, Finance, and
InformaƟon Technology.
Governmental Funds
Expenditures by FuncƟon 2020
General government $6,250,285
Public safety $18,431,354
Community development $8,549,008
Cultural and recreaƟon $7,240,909
Capital outlay $14,553,522
Total Expenditures $55,894,439
Debt service $869,361
Where does the money go?
Page 10 ‐ City of Jefferson Popular Annual Financial Report 2020
Cultural and RecreaƟon expenditures include
Parks AdministraƟon and all Parks faciliƟes and
programs.
Debt service includes principal and interest
payments for the City’s outstanding leases and
bonds.
General
government,
11.18%
Public safety,
32.98%
Community
development,
15.29%
Cultural and
recreation,
12.95%
Capital outlay,
26.04%
Debt service, 1.56%
Which agencies share sales tax revenue?
State of
Missouri,
4.225%
City of Jefferson -
General, 1.0%
City of Jefferson -
Capital Improvement,
0.5%
City of Jefferson -
Parks, 0.5%
Cole County, 1.5%
Total sales tax collected in the City
of Jefferson is 7.725%
Breakdown of Sales Tax Rate
The City’s sales tax rate of 7.725% is comparable to
surrounding ciƟes and is divided among 3 different taxing
enƟƟes. The State of Missouri receives 4.225%, Cole County
receives 1.5%, and the City of Jefferson receives 2%.
Of the City’s 2% sales tax, 1% is for the General Fund
operaƟons, 0.5% is for the Capital Improvements Sales Tax
Fund, and 0.5% is for the Parks Fund.
The total sales tax the City received in fiscal year 2020 was
$24,136,173.
Sales tax rate comparison
Municipality Sales Tax Rate
Holts Summit, MO 9.725%
Ashland, MO 8.475%
Eldon, MO 8.125%
Columbia, MO 7.975%
California, MO 7.975%
Linn, MO 7.975%
Jefferson City, MO 7.725%
Page 11 ‐ City of Jefferson Popular Annual Financial Report 2020
Where does property tax go?
Outstanding Debt 2016-2020
$62,387,824 $63,515,414 $58,516,896 $54,068,566 $56,921,785
$‐
$20,000,000
$40,000,000
$60,000,000
$80,000,000
2016 2017 2018 2019 2020
Outstanding Debt as of 10/31/20
The outstanding debt at the end of fiscal year 2020 totaled $56,921,785.
$46,651,384 was associated with Wastewater Sewerage System Revenue Bonds. During the 2020 fiscal year
$5,625,000 in refunding bonds were issued and the City reƟred $9,918,300 in Wastewater Sewerage System Revenue
Bond principal payments.
$3,133,467 was associated with a lease for fire apparatus. This lease was entered into during the 2017 fiscal year and
the City of Jefferson paid $314,326 in lease principal during fiscal year 2020.
$7,136,934 was associated with Parks System Special ObligaƟon Bonds. During 2020 fiscal year $7,305,000 in bonds
were issued and the City reƟred $325,000 in Parks System Special ObligaƟon Bond principal payments.
Page 12‐ City of Jefferson Popular Annual Financial Report 2020
A City of Jefferson homeowner with a home that has a $150,000
market value paid $1,735.45 in real estate taxes in 2020 with 9.13%
going to the City of Jefferson.
Tax EnƟty Rate Cost
Jefferson City Public Schools 4.8686 $1,387.55
Cole County 0.6646 $189.41
City of Jefferson 0.5561 $158.49
TOTAL COMBINED TAX LEVY 6.0893 $1,735.45
Financial Reporting Awards
The Government Finance Officers AssociaƟon of the
United States and Canada (GFOA) has given an Award for
Outstanding Achievement in Popular Annual Financial
ReporƟng to the City of Jefferson for the fiscal year
ended October 31, 2019. This is the sixth year that the
city has received this award. The Award for Outstanding
Achievement in Popular Annual Financial ReporƟng is a
presƟgious naƟonal award recognizing conformance
with the highest standards for preparaƟon of state and
local government popular reports. In order to receive
the Award, a government unit must publish a Popular
Annual Financial Report, whose contents conform to
program standards of creaƟvity, presentaƟon,
understandability, and reader appeal. An Award is valid
for a period of one year only. We believe that our
current report conƟnues to conform to the Popular
Annual Financial ReporƟng requirements, and we are
submiƫng it to the GFOA for review.
Award for Outstanding Achievement in Popular
Annual Financial ReporƟng
CerƟficate of Achievement for Excellence in Financial ReporƟng
AddiƟonally, the GFOA awarded a CerƟficaƟon of Achievement for Excellence in Financial ReporƟng to the City of
Jefferson for it’s Annual Comprehensive Financial Report (ACFR) for the fiscal year ended October 31, 2019. This was
the 24th consecuƟve year that the city has received this presƟgious naƟonal award. In order to be awarded a CerƟfi‐
cate of Achievement, the City must publish an easily readable and efficiently organized ACFR. This report must saƟsfy
both generally accepted accounƟng principles and applicable legal requirements. A CerƟficate of Achievement is valid
for a period of one year only. We believe that the current annual comprehensive financial report conƟnues to conform
to the CerƟficaƟon of Achievement Program’s requirements and we are submiƫng it to the GFOA for review.
DisƟnguished Budget PresentaƟon Award
Finally, the GFOA presented a DisƟnguished Budget PresentaƟon Award to the City for its Annual Budget for the fiscal
year beginning November 1, 2019. This is the sixth year that the city has received this presƟgious award. In order to
receive this award, a governmental unit must publish a budget document that meets program criteria as a policy
document, as an operaƟons guide, as a financial plan, and as a communicaƟon device. This award is valid for a period
of one year only. We believe our future annual budget documents will conƟnue to conform to program requirements.
Page 13 ‐ City of Jefferson Popular Annual Financial Report 2020
The informaƟon in the City of Jefferson Popular Annual Financial Report is taken from the City
of Jefferson Annual Comprehensive Financial Report (ACFR).
A copy of the more detailed Annual Comprehensive Financial Report (ACFR) is available online
at www.jeffersoncitymo.gov/government/acfr.php
City of Jefferson
320 E. McCarty Street
Jefferson City, MO 65101
573‐634‐6320 phone
573‐634‐6329 fax
www.jeffersoncitymo.gov
Page 14 ‐ City of Jefferson Popular Annual Financial Report 2020
City of Jefferson
320 E. McCarty Street
Jefferson City, MO 65101
573‐634‐6320 phone
573‐634‐6329 fax
www.jeffersoncitymo.gov
City of Jefferson, Missouri