City Council

SPECIAL CITY COUNCIL MEETING July 23, 2019 City Council Chambers 400 East Military, Fremont NE SPECIAL MEETING – 6:30 P.M. AGENDA SPECIAL MEETING: 1. Meeting called to order 2. Roll call 3. Resolution 2019-134 to approve the medical insurance renewals with Blue Cross Blue Shield of Nebraska (staff report) 4. Preliminary budget discussion (staff report) 5. Adjournment Agenda posted at the Municipal Building on July 18, 2019 and online at www.fremontne.gov. Agenda distributed to the Mayor and City Council on July 19, 2019. This meeting is preceded by publicized notice in the Fremont Tribune and the agenda, including notice of study session, is displayed in the Municipal Building and is open to the public The official current copy is available at City Hall, 400 East Military, City Clerk’s Office during normal business hours. The City Council reserves the right to go into Executive Session at any time. A copy of the Open Meeting Law is posted in the City Council Chambers for review by the public. The City of Fremont reserves the right to adjust the order of items on this agenda. §2-109 Audience / Participant; Rules of Conduct. The following rules are established for audience members and participants at a Council meeting: 1. At the discretion of the presiding officer, any person may address the Council, on any agenda item; however, questions to City officials or staff, other speakers, or members of the audience are not permitted and will not be answered. 2. Any person wishing to address the Council shall first state their name and address 3. Remarks shall be limited to five minutes unless extended or limited by the Presiding Officer or majority vote of the Council. 4. No person will be permitted to address the Council more than once during discussion of a particular agenda item. Rebuttal comments are not permitted. 5. Repetitive or cumulative remarks may be limited or excluded by the Presiding Officer or majority vote of the Council. 6. Profanity or raised voice is not permitted. 7. Applause, booing, or other indications of support or displeasure with a speaker are not permitted. 8. Any person violating these rules may be removed from the Council Chambers. The following additional rules are established and applicable for public participants at an Open Public Comment Period or Study Session meeting: 9. At the direction of the presiding officer, Open Public Comment Period Speaker Topics will be limited to those not covered by a published agenda for any Study Session, or any regular City Council meeting. 10. A priority to speak at Open Public Comment Periods and Study Session shall be given to those speakers who reside within the City limits, or within the ETJ (Extra-Territorial Jurisdiction – a two (2) mile radius of the City limits) of Fremont, and then, as time allows, to those who do not. 11. Member of the public wishing to speak at a Study Session will be required to limit their comments to those that are directly related to the Publically Noticed Study Session agenda topic(s). 12. Written letters addressed to the City Council will be accepted, as will comment cards that will be made available and collected from those who attend Open Public Comment Period and Study Session meetings who do not wish to speak publically, but have an issue or concern that they believe the Council should be made aware of.  STAFF REPORT TO: Honorable Mayor and City Council FROM: Jennifer McDuffee – Director of Human Resources DATE: July 23, 2019 SUBJECT: Medical and Dental Insurance Administrative Services and Stop Loss Coverage Renewal Confirmation Recommendation: Approve to extend medical & dental insurance plan administrative services and stop loss coverage with Blue Cross Blue Shield of Nebraska. Background: The City has retained IMA Inc. as our insurance broker for a number of years. The attached letter from IMA Inc. outlines their recommendation to renew our plan administration and stop loss coverage with Blue Cross Blue Shield of Nebraska (BCBSNE). BCBSNE premiums for administrative services will be approximately $2,975 (based on current enrollments) more than our current plan year. The premiums for stop loss will remain the same. BCBSNE requires that we confirm our renewal within 30 days of issuance of the final quote to lock in the quoted rates or before July 28, 2019. Agreements will be drafted and provided for Council approval after confirmation of renewal is provided to BCBSNE. Fiscal Impact: The cost of the medical and dental administration is estimated at $155,785 for the next fiscal year (based on current enrollments). The cost of stop loss protection is estimated at $431,496 for the next fiscal year (based on current enrollment) for a $225,000 specific deductible with an additional aggregating specific deductible of $100,000. Due to a decrease to the carrier’s maximum claims, the overall plan expenses for the medical coverage are decreasing $601,093 (based on current enrollments) at the carrier’s expected costs compared to the current plan year expected costs (this is approximately an 8.8% decrease).  July 17, 2019 Jennifer McDuffee Director of Human Resources 400 E Military Avenue Fremont, NE 68025 RE: 2019 Stop Loss Renewal Summary Jennifer, The City of Fremont contracts with Blue Cross Blue Shield of Nebraska for Stop Loss protection and this letter will summarize the details of the October 1, 2019 renewal for both Individual and Aggregate Stop Loss coverage. Marketing Efforts IMA marketed the stop loss coverage to stand alone stop loss carriers and one carrier that packages the stop loss and administration. The preliminary quotes received from these carriers offer neither significant cost savings nor reduction to the plan’s claims exposure and would require additional claims information including an additional month of claims experience before offering firm proposals. Waiting for an additional month of claims data would allow BCBS of NE to revise their renewal offer, which they have indicated they would. This brings a potential for significant cost increases. Renewal Analysis BCBSNE provided a specific stop loss renewal for a $225,000 specific deductible and a $100,000 aggregating specific deductible on a paid basis. BCBSNE provided an aggregate stop loss renewal with a 125% aggregate corridor on a paid basis. Both contracts match what is currently in place. The specific stop loss premiums had no rate increase and remain at $126.77 PCPM. The aggregate stop loss premiums had no increase to rates and remain at $11.00 PCPM. The aggregate stop loss attachment point (maximum claims) are decreasing 11.53% to $1,849.60 PCPM. 1705 17th Street, Suite 100 Risk Management, Insurance, Surety www.imacorp.com Denver, CO 80202 and Employee Benefits Protecting Assets. Making a Difference.SM Phone: 303.534.4567 IMA, Inc. dba IMA Insurance Services, CA Lic #0H64724 Phone: 800.813.0203 Fax: 303.534.0600  BCBSNE’s renewal continues to include 2 lasers: Laser A - $300,000 Laser B - $600,000 Due to a decrease to the carrier’s attachment point, the overall plan expenses for the medical coverage are decreasing 8.8% at the carrier’s expected and 9.3% at the maximum compared to BCBSNE’s projected 2018-2019 plan costs. Sincerely, Denise Dougherty Account Executive, IMA Financial Group 1705 17th Street, Suite 100 Risk Management, Insurance, Surety www.imacorp.com Denver, CO 80202 and Employee Benefits Protecting Assets. Making a Difference.SM Phone: 303.534.4567 IMA, Inc. dba IMA Insurance Services, CA Lic #0H64724 Phone: 800.813.0203 Fax: 303.534.0600 Self Funded Medical Renewal For: City of Fremont Administrative Costs Effective Date 10/1/2019 Administration with Passthrough Rx and rebates $ 44.00 retained by the Group Administration with Passthrough Rx and rebates $ 36.00 retained by BCBSNE Admin Pass Through SPM $ 0.65 PCPM Telehealth $ 0.25 PCPM Final PCPM Administration Pass Through $ 0.90 Total Administration with Passthrough Rx and rebates $ 44.90 retained by the Group Total Administration with Passthrough Rx and rebates $ 36.90 retained by BCBSNE Current Proposed Change BCBSNE Pure Administration $ 43.05 $ 44.00 2.2% BCBSNE Pass Through Administration $ 0.90 $ 0.90 0.0% Total Administration $ 43.95 $ 44.90 2.2% Self Funded Medical Renewal For: City of Fremont Specific Stop Loss Final Option 1 Option 2 Basis For Option (Incurred Months/PaidMonths) Paid Paid Specific Stop Loss Deductible $ 225,000 $ 225,000 Aggregating Specific Deductible $ 100,000 N/A New Stop Loss Charge PCPM $ 126.77 $ 154.88 Current Charge PCPM $ 126.77 $ 126.77 Change in Charge 0.00% 22.17% Projected Annual Specific Stop Loss Premium with 261 average contracts per month $ 397,445 $ 485,572 Aggregate Stop Loss Aggregate Corridor 125% 125% New Aggregate Charge PCPM $ 11.00 $ 11.00 Current Aggregate Charge PCPM $ 11.00 $ 11.00 Change in Charge 0.00% 0.00% Attachment Point PCPM $ 1,849.60 $ 1,849.60 Current Attachment Point $ 2,090.69 $ 2,090.69 Change in Attachment Point -11.53% -11.53% Medical Commissions Broker: Ima Inc PCPM PCPM PCPM 0 0 0 Percentage of Claims 0% 0 0 Flat monthly 0 0 0 Spec SL Commission as PCPM 0 0 Agg SL Commission as PCPM 0 0 Total Medical Commission PCPM $ - $ - Employer group has 30 days from 06/28/2019 to accept rates and factors presented here. Failure to submit signed/dated acceptance will result in further review and potential revisions to offer. Signature: Date: Self Funded Medical Renewal For: City of Fremont Rating Assumptions (1) Benefits for mental health and substance abuse have been analyzed pursuant to the Paul Wellstone and Pete Dominici Mental Health Parity and Addiction Equity Act, including issued rules and regulations. However, no formal testing for compliance with the Act has been performed, as it is ultimately the Plan Sponsor’s responsibility for complying with the Act and its requirements. (2) Renewal offering is contingent upon compliance with underwriting guidelines and mandatory purchase of stop loss coverage through Blue Cross and Blue Shield of Nebraska unless approved by Underwriting. (3) Removal of the Rx benefit may result in an increase in the corresponding administrative percent of claims or per head applied to the medical. Administration fees shown do not include any fees applicable to the Blue Card program. (4) Please be advised that Blue Cross and Blue Shield of Nebraska does not perform plan discrimination testing. Such activities are the responsibility of the employer. (5) In event of termination of the administrative services contract at the end of the upcoming contract year the estimated liability of the group for incurred, but not yet paid, claims is $428,419, excluding administration. (6) The above does not include any fees associated with the BlueCard Program or Patient-Focused Care Program. These fees will be billed additionally. (7) If the group has under 500 covered contracts and voluntarily chooses to cover transgender services, those services are exluded from coverage under the Stop Loss policy (8) The following lasers will apply: Claimant 88692588511 at $600,000 and Claimant 88692588512 at $300,000,  RESOLUTION NO. 2019-134 A Resolution of the City Council of the City of Fremont, Nebraska approving confirmation of renewal of the Administrative Services and Stop Loss coverage for the 2019-2020 plan year with Blue Cross Blue Shield of Nebraska. WHEREAS, Blue Cross Blue Shield of Nebraska has provided the most favorable quote for Administrative Services and Stop Loss Coverage for employee medical and dental insurance; and, WHEREAS, Blue Cross Blue Shield of Nebraska requires that the city confirm renewal no more than 30 days after issuance to lock in the quoted rates, NOW, THEREFORE BE IT RESOLVED, the Mayor and City Council authorize staff to confirm renewal of the Administrative Services and Stop Loss coverage with Blue Cross Blue Shield of Nebraska for medical and dental insurance effective October 1, 2019. PASSED AND APPROVED THIS 23rd DAY OF JULY, 2019. ______________________________ Scott Getzschman, Mayor ATTEST: _________________________ Tyler Ficken, City Clerk 2020 – 2019 Budget July 23, 2019 Presentation Budget Basics Fund Description 001 General fund 011 Sales Tax fund 012 Street fund 017 Community Development Agency (CDA) 018 Debt Service fund 020 KENO fund 021 Trust fund (Library trusts) 029 Airport fund 031 CDBG clearing fund City 032 033 CDBG Revolving loan fund Communications Center/E911 (governmental) 034 035 Drug Task Force/III Corps fund Wireless E911 fund Fund Legend 040 Special Projects fund 041 Special Assessments fund 042 BID #1 fund 060 City Employees’ Insurance fund (CEI) 061 Workers’ Compensation fund 063 Employee Wellness/Safety fund  General Fund General Fund 001-1001 City Council/ Mayor 001-2026 Facilities 001-1002 City Administrator 001-2027 Park 001-1003 City Clerk 001-2028 Ronin Pool 001-1004 Inspections 001-2029 Recreation 001-1305 Engineering 001-2030 Splash Station 001-1206 Fire 001-2031 Library 001-1007 Human Resources 001-2042 Cemetery City Major 001-1208 Volunteer Fire Sales Tax Department 001-1209 Police 001-1011 Information Technology 011-2055 Public Safety sales tax 011-2056 Infrastructure sales tax legend 001-1013 Waste Transfer 011-2057 Property Tax Relief sales tax 001-1015 Administration 011-2058 Streets sales tax 001-1016 City Attorney 011-2059 LB840 Economic Development 001-1217 Civil Defense Street Department 001-2021 Board of Adjustment 001-2024 Planning 012-2025 Street maintenance 012-2032 Street improvements  Budget Calendar for FY 2020-2021 Date Purpose August 6, August 20, 2019 City Council Budget Study sessions August 20, 2019 Valuation available from County Assessor August 27, 2019 City Council meeting, public hearing on budget, first reading of Appropriation Ordinance, resolutions setting levy and budget authority September 3 and/or 17, 2019 Special City Council meetings to provide for three readings of Appropriation Ordinance September 10, 2019 City Council meeting, reading of Appropriation Ordinance September 20, 2019 Adopted budget must be filed with State Auditor and County Clerk REVENUES  Changes expected in this two-year budget • Property valuations are still a question mark. Expected increases based on County increasing commercial valuations 12 percent will be offset by protests and flood relief claims. Using a five percent increase in 2020 and 2021 to be conservative. • Sales tax continues to increase, and staff is working on an estimate of reserves needed to address Nebraska Advantage Act refunds. While clearly the most significant, Costco is not the only company using this incentive. • Utilities will see a shift in revenues over the next two years, as demand changes by industrial customers will have a noteworthy impact, as will new processing technology at the City’s Wastewater Treatment Plant. • Because of negotiated salary increases, coupled with an ever increasing cost of supplies and equipment, no additional staff is being considered in 2020.  Other factors to consider: • Wages and benefits are set based on comparability to the City’s peer group, called the array. • The 2020 census will determine the City’s status in relation to the Metropolitan Service Area (MSA). The results could have a significant impact on governmental wages, particularly in the public safety departments, if the City is placed in the Omaha MSA. • The portion of employee insurance contributions are also dictated by comparability. For the current budget years, (2020 and 2021), no overall increase to base premiums are expected; however, the portion that the employees contributes increases by 0.7 percent in 2020. • Position counts, or billets, are remaining stable to current staffing levels in this budget cycle. As positions come open, they are analyzed by staff to maximize the human capital to fit current needs. • The number of vehicles are also remaining the same, so any new purchase requires that older, less reliable vehicles are sent to auction.  The City Council will be presented the Five-Year Capital plan in August. • Two two-year budget cycles have proven that City Staff is not clairvoyant. We are currently projecting what will be needed in five years for the capital budget. • Staff is presenting a five-year capital plan • Much like the Public Works Director presents the One and Six Road report. • The first two years will be included in the two-year budget cycle as a part of the overall appropriation approved by Council. • As needs change, staff may move projects and equipment forward, or push projects to later years; however, the amount appropriated each year will not be exceeded. Department heads must receive approval from City Administration before making these changes. Governmental Revenues General Fund first  0.90% 0.46% Property taxes 2.05% 5.12% 2018 Actual Sales Tax ptax relief 0.68% General fund only KENO ptax relief Transfer from utilities Occupation/ Lodging Property taxes, taxes 15.11% Charges 31.62% Franchise taxes for services Charges for services 1.22% Fees & licenses 9.40% Other income 17.27% Local gov't units 12.73% Transfer from Federal and state funding/grants utilities Municipal equalization 3.44%  3.09% 2019 YE Property taxes 5.03% 0.70% Estimate Sales Tax ptax relief 2.74% General fund only KENO ptax relief 0.70% Transfer from utilities 31.24% Occupation/ Lodging taxes 13.64% Charges for Property taxes Franchise taxes services Charges for services 1.51% Fees & licenses 9.17% Other income 12.31% Local gov't units 17.60% Transfer from utilities Federal and state funding/grants Municipal equalization 2.27%  2020 Budget General fund only Property taxes Sales Tax ptax relief 3.61% 13.28% KENO ptax relief Bond 0.82% proceeds Transfer from utilities 0.44% 27.79% Occupation/ Lodging taxes 3.35% Property taxes 0.67% Franchise taxes Charges for services 11.63% Charges for services Fees & licenses 11.51% Other income Local gov't units 1.22% 7.29% 15.30% Federal and state funding/grants Transfer from Municipal equalization utilities 3.10% Bond proceeds  2021 Budget General fund only Property taxes Sales Tax ptax relief KENO ptax relief Transfer from utilities Property taxes, Occupation/ Lodging taxes 19.38% Bond proceeds, Franchise taxes 25.17% Charges for services 9.55% Fees & licenses 3.73% Other income 4.00% 1.76% Transfer from Local gov't units 0.35% utilities, Federal and state 2.71% 14.43% funding/grants 10.60% Municipal equalization 0.50% Bond proceeds 1.05% 6.75%  Greatest Source of Governmental Revenue? Property tax and Sales Tax  Some terminology first • Three elements of property tax: 1. Property tax request: Total amount of property taxes needed. 2. Valuation: Certified by County Assessor on August 20 annually 3. Property tax levy: The levy imposed per $100 of valuation  Two ways to determine request and levy: 1. Valuation X levy = Property tax request (this is the method typically used by the City for the All other obligations request) 2.Property tax request / valuation = levy (this is the method used to determine the debt service request.)  Property tax request (budget) $7 $6 $5 $4 $3 $2 Millions $1 $- 2007 2009 2011 2013 2015 2017 2019 2021 budget estimated General Debt Service  City of Fremont Property Values 2,000 1,800 1,738 1,600 1,655 1,576 1,443 1,400 1,368 1,200 1,329 1,294 1,317 1,115 1,195 1,000 936 1,023 Valuation Millions 800 600 400 200 - 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Budget year  Property tax levy history (2008-2021 est) 0.400 0.390 Ordinance defense and 0.380 enforcement 0.370 0.360 Levy per hundred in valuation 0.350 Outstanding Debt - Interest 0.340 0.330 0.320 0.310 Property Tax - All Other Purposes 0.300  Grand Island 2,989 Bellevue Kearney Papillion No. Platte LaVista Columbus Norfolk Fremont 1,443 Hastings Scottsbluff Beatrice 1st class cities So. Sioux York Blair Sidney Municipal Assessed Valuation Gering 2017 tax year Seward Alliance McCook Ralston Nebraska City Lexington Ogallala Holdrege Plattsmouth Crete Chadron Wayne Schuyler 183 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Millions  Levy per $100 in valuation 0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 Kearney … York Scottsbluff Norfolk Gering Columbus Seward Grand Island McCook Schuyler Blair Lexington Alliance Beatrice Ogallala So. Sioux 1st Class Cities Holdrege Fremont Wayne Municipal Tax Levies 2018 0.407222 Chadron No. Platte Hastings Papillion Nebraska City Plattsmouth Crete Sidney LaVista Ralston Bellevue 0.610000  Bellevue 0.281117909 Ralston LaVista Crete Plattsmouth Holdrege Chadron No. Platte Wayne Ogallala Papillion Nebraska City Beatrice Sidney Alliance Hastings So. Sioux McCook Lexington Schuyler % to total levy Seward Blair Fremont 0.175337327 Columbus Grand Island Gering Norfolk York Scottsbluff Kearney 0.076737001 0% 5% 10% 15% 20% 25% 30%  So what does that mean to a taxpayer? Community College, Ag Society, 0.095000 , 4% 0.002387 , NRD, 0.037181 , 2% 0% County, 0.221618 , 11% ESU, 0.015760 , 1% Municipality, 0.407222 , 20% School District, 1.262197 , 62%  20.00 Millions Sales tax receipts 2017 & 2018 18.00 16.00 14.00 12.00 10.00 7.27 7.27 8.00 6.00 4.00 2.00 - Sales tax 2017 Sales Tax 2018 Utility Fund Revenues  Utility Revenues 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 - 2015 A 2016 A 2017 A 2018 A 2019 YE Est 2020 B 2021 B Electric Water Sewer Gas Are there limits on a City’s budget? The following slides are from a presentation given by Deann Haeffner of the State Auditor’s office  LIMITS ON BUDGET • Municipalities must comply with 2 Limits • Levy Limit • 45 cents plus additional 5 cents if used toward interlocal agreements • Lid Limit • Municipalities do not have a limit on expenditures  WHAT IS THE LID? • Lid limits how much the Municipality can generate in taxes. No limit on how much can be spent. • Current Lid began in 1998. • Taxes in 1998 set the base authority amount. • Each year’s authority amount is allowed to increase.  RESTRICTED FUNDS • Budget must not generate more in taxes than the Restricted Funds Authority. • Taxes are grouped together and given the label Restricted Funds. • Exemptions to the authority.  EXCEPTIONS TO THE LID • Capital Improvements • Purchase of Land • Improvements to Land • Interlocal Agreements • Exemption for the City portion • Bonded Indebtedness Can only take Exception if payment is made from a Restricted Fund  UNUSED AUTHORITY Example Authority of $1,000 Budget shows Restricted Funds of $ 800 Unused Authority $ 200 Next year you will start with the $1,000 of Authority, you do not lose your $200 of Authority you did not use.  UNUSED LID AUTHORITY • Current laws do not show a benefit to listing exemptions that you do not need • What does Unused Authority Number represent • Amount Municipality could have taxed under the lid but did not • If comparing to other Municipality’s be cautious that other Municipality’s may not have taken all exemptions available  Reserves How much should a city have? Reserves of the General Fund (Governmental) • Unassigned fund balance 9/30/2018 $11,889,161 • Represents a 66.1% reserve level, or just less than eight months of operating expenses, or 97.4% of operating revenue. • When considering a reserve target it is helpful to consult outside standards. Two widely cited standards are GFOA’s Best Practices and rating agency guidelines. • The GFOA Best Practice recommends, at a minimum, that general- purpose governments, regardless of size, maintain unrestricted fund balance in their general fund of no less than two months (16 percent) of regular general fund operating revenues or regular general fund operating expenditures. • Standard & Poor’s considers reserves of between 1 percent and 4 percent of revenues to be “adequate,” while reserves above 15 percent are “very strong.”  CITY OF FREMONT, NEBRASKA BALANCE SHEET - GOVERNMENTAL FUNDS SEPTEMBER 30, 2018 Other Total Sales Governmental Governmental General Street Tax Funds Funds FUND BALANCES (DEFICIT) Nonspendable: Permanent fund principal - - - 125,000 125,000 Prepaid expenses 41,312 - - - 41,312 Restricted for: Debt service - - - 95,949 95,949 Street improvements - 8,618,363 5,777,104 - 14,395,467 Public safety - - 1,806,464 297,469 2,103,933 Infrastructure - - 7,082,987 - 7,082,987 Property tax relief - - 573,734 - 573,734 Economic development - - 7,687,856 607,802 8,295,658 Capital/special projects - - - 2,353,193 2,353,193 Federal programs - - - 1,164,103 1,164,103 Community betterment - - - 463,848 463,848 Committed for: Code enforcement/defense 1,626,631 - - - 1,626,631 Capital improvement projects 3,000,000 3,000,000 Assigned for: Budget stabilization - - - - - Other - - - 96,470 96,470 Unassigned 11,889,161 - - (223,669) 11,665,492 Total fund balances 16,557,104 8,618,363 22,928,145 4,980,165 53,083,777 Total liabilities, deferred inflows of resources and fund balances $ 18,067,714 $ 8,903,166 $ 23,463,796 $ 6,753,002 $ 57,187,678  Reserves of the Utility funds • In the most recent bond rating from Standard & Poors, it was noted: “System liquidity has also remained very strong over the last several years, in our opinion, with cash and investments of more than $30 million for the last five years and $33.5 million in 2016, covering more than 300 days of operating expenses. The city has separate reserve targets for each system, including at least three months' cash for each utility.” • Days of operating cash (unrestricted) by fund at 9/30/2018: • Electric 114 days • Water 547 days • Sewer 305 days • Gas 102 days  CITY OF FREMONT, NEBRASKA STATEMENT OF NET POSITION - PROPRIETARY FUNDS SEPTEMBER 30, 2018 Enterprise Funds Internal Electric Water Sewer Gas Service Fund Fund Fund Fund Total Fund NET POSITION Net investment in capital assets 70,100,343 19,606,780 34,942,813 8,180,618 132,830,554 - Restricted for: Construction - - - - - - Debt service 7,184,399 890,326 281,177 - 8,355,902 - Fly ash disposal 825,495 - - - 825,495 - Unrestricted 17,957,793 3,682,739 369,467 5,791,028 27,801,027 4,603,293 Total net position $ 96,068,030 $ 24,179,845 $ 35,593,457 13,971,646 $ 169,812,978 $ 4,603,293 Questions?