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Home My Public Portal About2022 Popular Annual Financial ReportCity of Jefferson Missouri Popular Annual Financial Report For the ﬁscal year ended October 31, 2022 A Message from the Director of Finance City of Jefferson Citfzens, In our ongoing effort to inform the City of Jefferson citfzens about the state of the City of Jefferson finances, we are pleased to present the 2022 Popular Annual Financial Report (PAFR). This report is reflectfve of our commitment to preserving the city’s long- term financial health and is intended to summarize the financial actfvitfes of the City’s funds that are reported in more detail in the Annual Financial Report. The PAFR contains informatfon only from selected funds and excludes the City’s component unit, therefore it is not presented in accordance with Generally Accepted Accountfng Principles (GAAP). A copy of the Annual Financial Report is available on the City’s website at: www.jeffersoncitymo.gov/government/acfr.php. To the best of our knowledge, the informatfon presented herein is accurate in all material respects and presents fairly the financial positfon and results of operatfons for the fiscal year ending October 31, 2022. 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 Associatfon standards. We hope you find this report informatfve and we welcome your comments and questfons. Citfzens 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. Respectiully Submitted, Page 1 - City of Jefferson Popular Annual Financial Report 2022 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 Actfvity 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 How to Obtain a Copy 13 Shiela Pearre Director of Finance and Informatfon Technology Services 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 Bancroft. It has the distfnctfon of being located on land donated by the federal government for establishment of the state capital city. Many of the original settlers came from Virginia in the vicinity of Montfcello, 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 after its founding. The City of Jefferson operates under the Constftutfon and laws of Missouri, and a City Charter adopted in 1986. Page 2 - City of Jefferson Popular Annual Financial Report 2022 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 https://www.youtube.com/watch?v=IiTrMdQPFi4&t=2s Page 3 - City of Jefferson Popular Annual Financial Report 2022 The Governing Body City of Jefferson Ward Map Front row (left to right): Councilman Mark Schreiber, Councilwoman Erin Wiseman, Mayor Carrie Tergin, Councilwoman Lara Ward, and Councilman Mike Lester Back row (left to right): Councilmen Ron Fitzwater, Jon Hensley, Jack Deeken, Derrick Spicer, Scott Spencer, David Kemna COMMUNITY PROFILE Jefferson City, Missouri QUICK FACTS HOUSEHOLDS • Median Household Income: $56,781 • Per Capita Income: $31,249 • Median Value of Owner –Occupied Housing Units: $168,300 GOVERN- MENT • Form of Government: Mayor—City Council— City Administrator • Total Land Size: 37.58 square miles in both Cole and Callaway Counties • Authorized full time equivalent employees: 436 EMPLOYMENT • Unemployment Rate: 2.1% • Top 5 largest employers *State of Missouri: 14,174 *Jefferson City Public Schools: 1,627 *Capital Region Medical Center: 1,527 *Scholastic, Inc: 1,500 *Central Bancompany: 1,020 Location Miles Springfield, IL 160 Topeka, KS 191 Des Moines, IA 221 Tulsa, OK 265 Little Rock, AR 266 Omaha, NE 275 Paducah, KY 307 Nashville, TN 340 RESIDENTS • Median Resident Age: 37.8 • 21% of population under age 18 • 15% of population age 65 or over • 7,856 students enrolled in Jefferson City School District Page 4 - City of Jefferson Popular Annual Financial Report 2022 BY THE NUMBERS Page 5 - City of Jefferson Popular Annual Financial Report 2022 2022 2021 Number of Stations 5 5 Number of Fire Calls Answered 6,041 5,663 Number of Inspections Conducted 2,165 1,391 POLICE DEPARTMENT 2022 2021 Number of Patrol Units 32 32 Police Calls for Service 90.408 46,140 Crimes Reported 3,391 3,233 Arrests/Detentions 3,681 3,728 FIRE DEPARTMENT 2022 2021 Center Line Miles of Streets 255 255 Number of Snow Removal Hours 1,456 4,031 STREET DEPARTMENT BY THE NUMBERS Average Daily Number of Wastewater Gallons Treated 2022 — 7,350,430 2021 — 8,331,640 Business licenses issued (new & renewal) 2022 — 2,362 2021 — 2,837 Number of permits issued (building, electrical, plumbing, sign and demolition) 2022 — 1,357 2021 — 1,521 Page 6 - City of Jefferson Popular Annual Financial Report 2022 Number of playgrounds 2022 — 13 2021 — 13 Number of Parks 2022 — 18 2021 — 18 Financial Activity Statements for Years Ended October 31, 2020, 20201 and 2022 Governmental Funds - Governmental actfvitfes, 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 Fun d, 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 protectfve services are accounted for in these funds, as are administratfve services within the city such as human resources, finance, and informatfo n technologies. Governmental Funds Revenues 2022 2021 2020 Sales and other user taxes $30,489.452 $26,584,704 $25,260,601 Property taxes $5,844,743 $5,834,154 $5,571,683 Utility/Franchise taxes $6,465,661 $6,271,140 $6,213,429 License, permits and fees $905,659 $1,035,569 $1,192,052 Intergovernmental $6,138,505 $6,714,765 $5,740,548 Local grants $209,285 $3,345,904 $78,065 Charges for services $6,507,018 $5,885,882 $5,388,665 Fines and forfeitures $419,143 $485,105 $438,599 Investment earnings $653,053 $473,140 $445,090 Contributions $469,707 $388,918 $382,999 Miscellaneous $512,630 $722,232 $412,095 Total Revenues $58,695,856 $57,741,513 $51,123,826 Other Financing Sources (Uses): 2022 2021 2020 Proceeds from sale of assets $350,240 $1,349,245 $106,280 Issuance of Debt $0 $0 $7,305,000 Premium on issuance of debt $0 $0 $164,573 Capital Contributions $0 $0 $7,158 Transfers in $627,366 $1,623,458 $338,036 Transfers out $(1,339,983) $(2,560,666) $(1,768,703) Net Change in Fund Balances $3,072,401 $4,642,841 $1,381,731 Fund Balances, beginning $28,951,067 $24,308,226 $22,926,495 Fund Balances, ending $32,023,468 $28,951,067 $24,308,226 Page 7 - City of Jefferson Popular Annual Financial Report 2022 Expenditures by Function 2022 2021 2020 General government $9,001,059 $6,556,518 $6,250,285 Public safety $20,032,245 $18,688,025 $18,431,354 Community development $8,703,271 $8,571,874 $8,549,008 Cultural and recreation $8,845,875 $7,657,219 $7,240,909 Capital outlay $7,808,010 $11,167,905 $14,553,522 Debt service (principal & interest) $870,618 $869,168 $869,361 Total Expenditures $55,261,078 $53,510,709 $55,894,439 There was a significant de- crease in local grant revenue from 2021 to 2022 related to funds given by the Parks Foundatfon for the Bicenten- nial Bridge project back in 2021. The Bicentennial Bridge project was completed Octo- ber 2022. While there has been a sig- nificant decrease in capital outlay expenditures from fiscal year 2021 to 2022 due to the completfon of the Bi- centennial Bridge and the Community Park renovatfon, fiscal year 2022 stfll included several large projects, such as the completfon of Fire statfon #4 Improvements, completfon of the Bicentennial Bridge, and renovatfons to Washing- ton Park and the Greenway Trail. No additfonal debt was issued in fiscal year 2022. Financial Activity Statements for Years Ended October 31, 2020, 2021 and 2022 Enterprise Funds - The financial actfvitfes 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 citfzens. Currently the Parking an d 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 2022 2021 2020 Airport revenues $381,599 $184,136 $128,406 Parking revenues $945,771 $889,618 $906,564 Transit revenues $230,938 $196,549 $172,331 Wastewater revenues $12,005,654 $11,600,392 $11,482,636 Total Operating Revenues $13,563,962 $12,870,695 $12,689,937 Operating Expenses 2022 2021 2020 Airport expenses $1,352,392 $1,588,100 $1,555,851 Parking expenses $837,328 $768,261 $907,594 Transit expenses $2,877,607 $2,484,852 $2,855,475 Wastewater expenses $9,829,707 $9,259,149 $11,157,264 Total Operating Expenses $14,897,034 $14,100,362 $16,476,184 Non-Operating Revenues (Expenses) 2022 2021 2020 Intergovernmental $2,571,354 $1,496,501 $1,950,752 Interest and investment revenue $219,430 $191,893 $812,845 Interest expense and fees $(836,590) $(927,163) $(1,693,333) Debt issuance cost $0 $0 $(105,602) Gain/(Loss) on sale of capital assets $96,555 $99,813 $12,040 Total Non-Operating Revenues (Expenses) $2,050,749 $861,044 $976,702 Income (loss) before contributions and transfers $717,677 $(368,623) $(2,809,545) Capital contributions $856,438 $641,808 $1,342,403 Transfers in $712,617 $937,207 $1,430,668 Change in Net Position $2,286.732 $1,210,392 $(36,474) Net Position, beginning $77,421,616 $76,445,052 $76,481,526 Prior period adjustment $0 $(233,828) $0 Net Position, beginning-as restated $77,421,616 $76,211,224 $76,481,526 Net Position, ending $79,708,347 $77,421,616 $76,445,052 Revenues from fiscal year 2021 to 2022 were fairly consistent. Airport revenues increased from 2021 to 2022 due to the airpo rt receiving a sig- nificant amount of flowage fees. Wastewater revenues also increased from 2021 to 2022 due to an increase in sewer charges for services to offset future bond requirements. Intergovernmental revenues increased from 2021 to 2022 due to Transit receiving a significan t grant through American Rescue Plan money and Airport receiving additfonal grant money for the Apron Maintenance project. In fiscal year 2022, there was an increase in wastewater expenses due to an increase in capital outlay expenditures for capital projects such as the East Capitol Sewer Replacement and the Binder Pump Statfon upgrade. Transit expenses increased from 2021 to 2022 due to a n increase in gas and oil and an increase in vehicle maintenance. Other expenses have remained fairly constant. Page 8 - City of Jefferson Popular Annual Financial Report 2022 Where does the money come from? Governmental Funds Revenues 2022 Sales and other user taxes $30,489,452 Property taxes $5,844,743 Utflity/Franchise taxes $6,465,661 License, permits and fees $905,659 Intergovernmental $6,138,505 Local grants $290,285 Charges for services $6,507,018 Fines and forfeitures $419,143 Investment earnings $653,053 Contributfons $469,707 Miscellaneous $512,630 Total Revenues $58,695,856 Sales and other user taxes , 51.9% Property taxes , 10.0% Utility/Franchise taxes , 11.0% License, permit and fees , 1.5% Intergovernmental , 10.5% Local grants , 0.5% Charges for services , 11.1% Fines and forfeitures , 0.7% Investment earnings, 1.1% Contributions , 0.8% Miscellaneous , 0.9% Taxes generate a majority of the City’s revenue and 51.9% 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 10.5% 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 cigarette taxes and grant funds. Charges for services include fees charged by Parks and Recreatfons 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 inspectfon fees. Investment earnings includes revenue earned from the investment of idle City funds throughout the year in accordance with the City’s investment policy. Contributions include revenue donated from citfzens to various City programs, as well as revenues received as part of existfng Page 9- City of Jefferson Popular Annual Financial Report 2022 contracts intended to assist in maintaining certain infrastructure. Miscellaneous revenue includes proceeds from insurance claims. The expenditures for governmental funds totaled $55,261,078 for 2022. The largest category of expenditure is for Public Safety and represents 36.3% of all governmental actfvitfes. Public safety includes all operatfons of the Police and Fire departments. Capital outlay expenditures are 14.1% 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 Protectfve Services, including Streets and Central Maintenance. General government expenditures include Administratfon, Law, Municipal Court, Human Resources, Finance, and Informatfon Technology. Governmental Funds Expenditures by Function 2022 General government $9,001,059 Public safety $20,032,245 Community development $8,703,271 Cultural and recreatfon $8,845,875 Capital outlay $7,808,010 Debt service $870,618 Total Expenditures $55,261,078 Where does the money go? Page 10 - City of Jefferson Popular Annual Financial Report 2022 Cultural and Recreation expenditures include Parks Administratfon and all Parks facilitfes and programs. Debt service includes principal and interest payments for the City’s outstanding leases and bonds. General government, 16.3% Public safety, 36.3% Community development, 15.7% Cultural and recreation , 16.0% Capital outlay, 14.1% Debt Service, 1.6% Which agencies share sales tax revenue? Breakdown of Sales Tax Rate The City’s sales tax rate of 7.85% is comparable to surround- ing citfes and is divided among 3 different taxing entftfes. The State of Missouri receives 4.225%, Cole County receives 1.375%, and the City of Jefferson receives 2.25%. Of the City’s 2% sales tax, 1% is for the General Fund operatfons, 0.5% is for the Capital Improvements Sales Tax Fund, 0.5% is for the Parks Fund, and 0.25% for the Public Safety Tax Fund. The total sales tax the City received in fiscal year 2022 was $28,901,833. Sales tax rate comparison Municipality Sales Tax Rate Holts Summit, MO 9.725% Ashland, MO 8.475% California, MO 8.475% Eldon, MO 8.500% Columbia, MO 7.975% Linn, MO 8.725% Jefferson City, MO 7.850% Page 11 - City of Jefferson Popular Annual Financial Report 2022 City of Jefferson - General , 1.000% City of Jefferson - Capital Improvement, 0.500% City of Jefferson - Parks , 0.500% Cole County, 1.375%Public Safety, 0.250% State of Missouri , 4.225% Total sales tax collectd in the City of Jefferson is 7.850% Where does property tax go? Outstanding Debt 2018-2022 $58,516,896 $54,068,566 $56,921,785 $51,839,271 $46,587,694 $- $20,000,000 $40,000,000 $60,000,000 $80,000,000 2018 2019 2020 2021 2022 Outstanding Debt as of 10/31/22 The outstanding debt at the end of fiscal year 2022 totaled $46,587,694. $37,566,236 was associated with Wastewater Sewerage System Revenue Bonds. During the 2022 fiscal year the City retfred $4,496,000 Wastewater Sewerage System Revenue Bond principal payments. $2,481,189 was associated with a lease for fire apparatus. This lease was entered into during the 2017 fiscal year and the City of Jefferson paid $330,141 in lease principal during fiscal year 2022. $6,540,269 was associated with Parks System Special Obligatfon Bonds. During 2022 fiscal year the City retfred $295,000 in Parks System Special Obligatfon Bond principal payments. Page 12- City of Jefferson Popular Annual Financial Report 2022 A City of Jefferson homeowner with a home that has a $150,000 market value paid $1,705.01 real estate taxes in 2022 with 9.30% going to the City of Jefferson. Tax Entity Rate Cost Jefferson City Public Schools 4.7593 $1,356.40 Cole County 0.6671 $190.12 City of Jefferson 0.5561 $158.49 TOTAL COMBINED TAX LEVY 5.9825 $1705.01 The informatfon in the City of Jefferson Popular Annual Financial Report is taken from the City of Jefferson Annual Financial Report. A copy of the more detailed Annual Financial Report 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 13 - City of Jefferson Popular Annual Financial Report 2022 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