VENDOR DESCRIPTION

VENDOR DESCRIPTION

MUNICIPAL COURT

DEPARTMENT OF PUBLIC UTILITIES NOVEMBER & DECEMBER POSTAGE 17.35

VERIZON WIRELESS I PAD DATA PLAN 80.02

97.37

POLICE DEPARTMENT

ADMIRAL EXPRESS CALENDARS, COPY PAPER 179.85


FBI NATIONAL ACADEMY 2021 MEMBERSHIP DUES 110.00

FUELMAN DECEMBER FUEL USAGE 2,731.94

LUBE-N-GO OIL CHANGE 34.95

SOUTHERN UNIFORM & EQUIPMENT UNIFORM, ACCESSORIES 435.91

SPARKLIGHT INTERNET SERVICE 269.79

TRANSUNION BACKGROUND SERVICE CHECK 160.00

3,939.54

FIRE DEPARTMENT

ACE HARDWARE BATTERIES, EXT. CORD, PARACORD 160.30

ACTION GRAPHICS EMPLOYEE CALENDARS 39.00

CONRAD FIRE EQUIPMENT REGULATOR, HANDLE KIT 229.50


FUELMAN DECEMBER FUEL USAGE 573.50

HUGO'S INDUSTRIAL SUPPLY JANITORIAL SUPPLIES 126.02

OK STATE DEPARTMENT OF HEALTH EMRA LICENSE RENEWAL 20.00

OTA PIKEPASS DECEMBER TOLL CHARGES 0.85

OTTAWA COUNTY ASSESSOR'S OFFICE FIRE DISTRICT MAILING LABELS 50.00

OTTAWA COUNTY TAG AGENCY TAG REGISTRATION (PUMPER) 98.00

SOUTHERN UNIFORM & EQUIPMENT UNIFORM ASSESSORIES 49.86

U.S. BANCORP JANUARY PUMPER & TANKER LEASES 7,900.51

VERIZON WIRELESS I PAD DATA PLAN 280.07

WELCH STATE BANK RESCUE TRUCK LEASE 2,687.56

12,231.62

COUNTY/FIRE

MUNICIPAL EMERGENCY SERVICES FIRE PRO THERMAL IMAGERS 2,185.96

2,185.96

CODE ENFORCEMENT



KATNER-MILLS WIPER BLADES, FUEL & OIL FILTERS 55.90

OK UNIFORM BUILDING CODE DECEMBER PERMIT FEES 264.00

463.64

RISK MANAGEMENT

HEARTLAND COMMUNICATIONS 2021 EQUIPMENT GUIDES 100.00

HEARTLAND CONSTRUCTION GROUP 2021 CONSTRUCTION GUIDE 140.00

TOMO DRUG TESTING SPLIT SPECIMEN FEE 250.00

490.00

STREET DEPARTMENT

CRAFTCO, INC. ASPHALT SEALANT (PO#21-00758) 589.00

CUSTOM PRODUCTS CORPORATION SQ POST DRIVE RIVET 353.78

FUELMAN DECEMBER FUEL USAGE 1,063.25

OKLAHOMA NATURAL GAS DECEMBER GAS SERVICE 198.83


2,216.36

PURCHASE ORDERS PRESENTED

January 19, 2021

CEMETERY


56.24

MUNICIPAL BUILDING

KONE ELEVATOR MAINTENANCE (NOV & DEC) 414.40

414.40

SWIMMING POOL

SPARKLIGHT INTERNET SERVICE 79.84

79.84

ANIMAL CONTROL




80.28

PARKS DEPARTMENT

CRAFTCO, INC. ASPHALT SEALANT (PO#21-00758) 590.43



VLP GLASS DOOR REPLACEMENTS (PO#21-00841) 640.20

1,977.08

LIBRARY

CENTER POINT LARGE PRINT BOOK ORDER 91.08

4 STATE MAINTENANCE VINYL GLOVES 11.40

GALE CENGAGE BOOK ORDERS 121.42

INGRAM LIBRARY SERVICES BOOK ORDERS 1,033.05

KONE DECEMBER/JANUARY ELEVATOR MAINTENANCE 414.40

LIVINGSTON PLUMBING LABOR, PARTS (PO#21-00824) 720.00

LOCKE SUPPLLY CONNECTOR 14.01

MIDWEST TAPE DVDS 85.48

MOBILE BEACON HOT SPOT SERVICE PLAN (PO#21-00881) 359.09

OVERDRIVE DIGITAL BOOKS (PO#21-00846) 506.97

3,356.90

GENERAL GOVERNMENT

ADMIRAL EXPRESS ORGANIZER, POCKET FILE FOLDERS 208.52

ARLEDGE & ASSOCIATES FINANCIAL AUDIT (PO#21-00861) 6,190.00

CDW GOVERNMENT COMPUTER MONITORS 363.64

CRAWFORD & ASSOCIATES FINANCIAL STATEMENTS (PO#21-00827) 7,007.50


SOONER PRINTING BUSINESS CARDS (BO REESE) 48.00

13,957.81

HUMAN RESOURCES


INVESTIGATIVE CONCEPTS PRE-EMPLOYMENT BACKGROUND SERVICE 638.06

768.41

WORKERS' COMPENSATION

OKLAHOMA TAX COMMISSION MULTIPLE INJURY TRUST FUND (4TH QUARTER) 224.05

224.05

STREET & ALLEY

ANDERSON ENGINEERING PROFESSIONAL SERVICES (PO#21-00884) 8,637.55

KEMP STONE CRUSHER RUN ROCK (PO#21-00844) 5,227.50

NEO CONCRETE & MATERIALS CONCRETE (PO#21-00893) 633.75


NEO CONCRETE & MATERIALS CONCRETE (PO#21-00845) 5,445.00

TEETER'S ASPHALT ASPHALT (PO#21-00839) 10,621.70

TEETER'S PAVING PAVING (PO#21-00864) 34,117.26

65,252.76

INSURANCE FUND

MY PRINT NECK GAITER MASKS 339.00

NEW DIRECTIONS EAP (1ST QTR) (PO#21-00892) 1,554.74

1,893.74

CAPITAL IMPROVEMENT

NEO CONCRETE & MATERIALS CONCRETE (SPLASH PAD) (PO#21-00850) 2,775.00

TORRES CONCRETE CONSTRUCTION CONCRETE CONSTRUCTION (PO#21-00868) 2,590.00

5,365.00

DEMOLITION FUND

OTTAWA COUNTY CLERK LIEN FILING FEES 54.00

54.00

GRANT/DONATION FUND

ELECTRIC

ANDERSON ENGINEERING PROFESSIONAL SERVICESS (PO#21-00882) 4,421.00

BORDER STATES MAIN STREET LIGHTS (PO#21-00828) 131,153.38

LIBRARY

BILL CORBETT LIBRARY PROGRAM (JANUARY 21, 2021) 200.00

BOLT WIFI UPGRADE (PO#21-00837) 9,756.72

POLICE

PEREGRINE CORPORATION MEDICAL SUPPLIES (COVID) (PO#21-00785) 13,231.80

158,762.90

TRAVEL CENTER

WISPER INTERNET SERVICE 95.00

95.00

MCVB

GREEN COUNTRY TOURISM DIGITAL MARKETING, DISPLAY ADS 477.79

THIN TREAD MEDIA ADVERTISING (PO#21-00774) 1,500.00

TS3 SECURITY MONITORING 419.40

2,397.19

UTILITY IMPROVEMENT

BANK OF OKLAHOMA BOND SINKING FUND (PO#21-00832) 1,000.00

BANK OF OKLAHOMA SUA REVENUE BOND FUND (PO#21-00834) 1,750.00

2,750.00

AIRPORT

GARVER MIO PAVEMENT REHAB (PO#21-00871) 915.28

GARVER MIO PAVEMENT REHAB (PO#21-00870) 8,241.47


TS3 MONTHLY SECURITY MONITORING 419.40

WISPER INTERNET SERVICE 85.00

10,007.38

BANK OF AMERICA CREDIT CARD PAYMENT (DECEMBER 2 - 14, 2020) 9,723.21

TOTAL GENERAL FUND 42,315.45

TOTAL OTHER FUNDS 246,802.02

TOTAL GOVERNMENTAL FUNDS 298,840.68

CITY OF MIAMI

DECEMBER 2 - DECEMBER 15, 2020

LEGAL DEPARTMENT

CLE REGISTRATION $105.00

DEC. SUBSCRIPTION $50.00

TOTAL $155.00

POLICE DEPARTMENT

GRAND LAKE TECH - ANTENNA $8.48

HOMETOWN PAWN -POWER INVERTER $80.00

O'REILLY AUTO PARTS -FLOOR MATS $42.98

WALGREENS -CANDY $56.32

LIVE VIEW GPS - MTH FEE $41.90

TOTAL $229.68

FIRE DEPARTMENT

AMAZON/WALL CALENDARS $75.32

AMAZON.- SHARPENER $20.48

WAL-MART- ENVELOPES $16.62

AMAZON - FOLDERS $30.98

AMAZON - CALENDARS $27.79

AMAZON - CALENDARS $27.79

WALMART - SUPPLIES $52.10

TOTAL $251.08

CODE COMPLIANCE

VRZN-CODE COMP. $80.02

TOTAL $80.02

STREET DEPARTMENT

KATNER MILLS-ADPTRS $19.98

ACE-HOSE FTGS $26.95

O'REILLY-LIGHT $9.70

KATNER MILLS-HOSE $48.13

O'REILLY-CLOSE NPL $5.42

O'REILLY-BATTERY $111.20

O'REILLY-BATTERY $108.57

O'REILLY-FLTR,BATT $117.49

O'REILLY-HYD HOSE $37.74

SAFETYKLEEN-OIL PU $85.00

ACE-KEYS $7.98

O'REILLY-BRAKE CLNR $95.52

PAYTONS -ALIGNMENT $58.16

TRACTOR SUPPLY-STRING $24.99

TREASE-TORCH,GLVES $92.10

O'REILLY-PLIER $34.99

KARNES-FLAT RPR $30.00

CLEAN - UNIFORMS $43.28



TOTAL $1,043.76

CEMETERY $227.68

CITY OF MIAMI


ANN'S FLOWERS-BRITISH $300.00

ANN'S FLOWERS-SEPT MAINT $7.96

WALMART-ANGEL CEREMONY $225.00

ANN'S FLOWERS-WREATH $27.87

WALMART-ANGEL CEREMONY $150.00

ANN'S FLOWERS-ANGEL FLOWERS $300.00

ANN'S FLOWERS-OCT MAINT $64.17

VRZN-CEMETERY $1,302.68

TOTAL

FACILITIES

ACE-PVC PRMR,CMNT $14.58

O'REILLY-ABS SENSOR $197.67

O'REILLY-SENSOR $48.70

O'REILLY-CREDIT ($77.33)

VANCE FORD-LABOR $120.00

O'REILLY-HEATER CORE $77.33

VANCE FORD-ABS CONT $536.61

LOCKE-CAPS,RPR KIT $47.09




VRZN-FACILITIES $40.01

TOTAL $1,045.85

ANIMAL CONTROL

QUILL-TONER $71.71

QUILL-TONER $257.25

CHEWY-LEASHES $63.92

TRU CATCH TRAPS - TRAPS $437.94

CHEWY-KENNELS $139.96

VANCE-LAMP,KEY $308.09

VANCE-PROGRAM $90.00

WM-CLEANER $34.22

LOCKE-RTN BULBS ($107.12)

CHEWY-TRTMNT,TREATS $326.57

TRACTOR SUP-CAT FOOD $14.99

WALMART-CAT LITTER $19.84

TRACTOR SUP-PET FOOD $177.13

VRZN-ANIMAL CONTROL $40.01

PIONEER PRNTG-CARDS $227.25

TOTAL $2,101.76

PARKS

AMZN-FLTRS,TAPE $48.00

WM-WIPES $14.01

ACE-KNEEPADS $66.96

O'REILLY-FILTER,OIL $27.66

KARNES-TIRES, TUBES $567.88

AMAZON-WIRE WHEELS $99.90

B&B-CLIPS $32.97

ACE-BULBS $25.00

CITY OF MIAMI


HARBOR FREIGHT-GOOGLES $19.96

LOCKE-PLUG $21.37

AMAZON-LIGHTS $113.94

SHERWIN WMS-PAINT $35.89

M&D-LUMBER $66.00




TOTAL $1,207.79

LIBRARY

QUILL OFFICE SUPPLIES $13.58

QUILL OFFICE SUPPLIES $93.44

USPS- INTERLIBRARY LOAN $30.59

USPS - XMAS CDS MAILED $13.40

USPS-ILL LOAN $6.82

WALMART -CHILDREN PROGRAM $14.09

WAL-MART-CHILDREN CRAFTS $11.24

TOTAL $183.16

GENERAL GOVERNMENT

WALMART - NAMEPLATES $5.97

TOTAL $5.97

HUMAN RESOURCES

WM EMP RECOG $230.00

TOTAL $230.00

DRUG FORFEITURES

WALMART - TOTES $19.96

ACE- UNDERCOVER ITEMS $26.36

WALMART-VAN SUPPLIES $70.64

TOTAL $116.96

PARKS & RECREATION

VRZN-REC $40.01

TOTAL $40.01

CAPITAL IMPROVEMENT

M&D LUMBER-LUMBER $395.96

TOTAL $395.96

DEMOLITION GRANT


TOTAL $168.00

GRANTS DONATION FUND

TECHSOUP-GRANT $165.00

FARONICS - SOFTWARE $403.26

TOTAL $568.26

CITY OF MIAMI


MCVB

VRZN-CVB $80.02

ADOBE-ILLUSTRATOR $20.99

TOTAL $101.01

MDRA

ACE-NUTS,BOLTS $2.24

WAL-MART-BATTERIES, LIGHTS $34.02

FACEBK - ADS $25.00

SWANK MOTION PICTURES-DVD $435.00

TOTAL $496.26

TOTAL GENERAL FUND $7,836.75

TOTAL OTHER FUNDS $1,886.46

TOTAL GOVERNMENTAL FUNDS $9,723.21

City Council Page 1 of 12 January 04, 2021

THE MAYOR AND THE CITY COUNCIL MET IN REGULAR SESSION JANUARY 04, 2021, IN THE MIAMI CIVIC CENTER BANQUET ROOM AT 6:00 PM WITH THE FOLLOWING MEMBERS PRESENT: Bless Parker, Mayor Bo Reese, City Manager David Davis, Councilmember Ward 1 Ben Loring, City Attorney Ryan Orcutt, Councilmember Ward 3 Melissa Moore, City Clerk Vicki Lewis, Councilmember Ward 4 (Absent) The agenda for the meeting was displayed in the main lobby of the Miami Civic Center and by posting on www.miamiokla.net starting at 4:00PM on December 31, 2020, pursuant to 25 O.S §311(9) (a) and (b). THE COUNCIL MAY DISCUSS, CONSIDER, AND VOTE ON ANY ITEM IN THIS AGENDA: Call to Order Mayor Parker called the meeting to order at 6:07PM. Approve Claims Councilmember Orcutt moved to approve the claims. Councilmember Davis made the second. The Council was polled with the following results: Orcutt; Aye Davis, Aye Parker, Aye Lewis, Absent Mayor Parker declared the motion carried. Approve Minutes: December 15, 2020 (Regular) Councilmember Davis moved to approve the minutes: December 15, 2020. Councilmember Orcutt made the second. The Council was polled with the following results: Davis; Aye Orcutt, Aye Parker, Aye Lewis, Absent Mayor Parker declared the motion carried. Approve Mayor’s Nomination of Kevin Dunkel to Complete the Councilmember Term Replacing Doug Weston for Ward Two (2) Agenda item was tabled to the January 19, 2021 Council meeting. Administer Oath of Office: Kevin Dunkel No action taken. Public Input and Unscheduled Personal Appearances Mike Woodruff spoke in support of a mask mandate and following the recommended CDC guidelines. Woodruff also spoke on local unemployment statistics during the pandemic. Clayton Shumaker spoke in opposition of a mask mandate and explained that he was concerned about how the CDC guidelines affect the local businesses if the resolution is approved and the liability to the businesses. Isabella Burrell spoke in opposition of a mask mandate, how it affects local businesses, and how the resolution will affect the citizens in the community who are stressed. No action taken.

http://www.miamiokla.net/


CONSENT AGENDA By unanimous consent the public body may designate noncontroversial items to be considered in one motion and one vote. The public body may add items from the regular agenda and approve. Posted agenda items not added to the consent docket will be considered separately in their regular order. Staff recommends that Item 8 through Item 12 be placed on the consent agenda. Agenda item #10: Approve Contract With Paymentus for Website and Over the Phone (Interactive Voice Response) Collection of Utility Payments was removed from the consent agenda. Councilmember Davis moved to transfer agenda item #8 (Approve Agreement Between Integris Miami Hospital and City of Miami for Annual Wellness Program, Authorize City Manager to Sign) through #9 (Approve Resolution CC2021-01 for Community Financial Support, and Fee Waivers to Pete’s of Erie, Inc. Related to the Development of 1003 N Main) and agenda item #11 (Approve Quit Claim Deed, Deeding Property Described in Exhibit A to The Goodrich Family Trust, but Reserving the City’s Pipeline Easement; the Consideration for This is the Miami 21579, LLC Agreeing to the Annexation of the Dollar General Store Property Into the City of Miami at the Point of the Store Opening to the Public) through #12 ( Approve Change Order No. 3 for C19-17 With Branco Enterprises for Installation of a French Drain in the Amount of $23,800.00) to the consent agenda and approve as presented. Councilmember Orcutt made the second. The Council was polled with the following results: Davis, Aye Orcutt, Aye Parker, Aye Lewis, Absent Mayor Parker declared the motion carried. Approve Agreement Between Integris Miami Hospital and City of Miami for Annual Wellness Program, Authorize City Manager to Sign Moved to consent agenda Approve Resolution CC2021-01 for Community Financial Support, and Fee Waivers to Pete’s of Erie, Inc. Related to the Development of 1003 N Main Moved to consent agenda Approve Contract With Paymentus for Website and Over the Phone (Interactive Voice Response) Collection of Utility Payments No action taken. Approve Quit Claim Deed, Deeding Property Described in Exhibit A to The Goodrich Family Trust, but Reserving the City’s Pipeline Easement; the Consideration for This is the Miami 21579, LLC Agreeing to the Annexation of the Dollar General Store Property Into the City of Miami at the Point of the Store Opening to the Public Moved to consent agenda Approve Change Order No. 3 for C19-17 With Branco Enterprises for Installation of a French Drain in the Amount of $23,800.00 Moved to consent agenda Mayor’s Nomination to Appoint Bobby Carder as the City’s Representative to the Ottawa County Criminal Justice Authority, and to Appoint Gary Reynolds as the Alternate Representative No action taken. Resolution CC2020-25 Appointing the City of Miami’s Designee to the Ottawa County Criminal Justice Authority No action taken.


Resolution CC2021-02 Recommending That all Citizens and Businesses Within the City of Miami Follow Centers for Disease Control and Prevention (CDC) Guidelines to Prevent Further Spread of the COVID-19 Virus and Pledging Support to Those Business Owners Who Require the Use of Masks or Other (CDC) Guidelines in the City of Miami Councilmember Orcutt explained this resolution is to support businesses and to support the local schools. Ben Loring explained the resolution allows businesses to designate employees who can make a citizen’s arrest if someone is not wearing a mask or not following CDC guidelines. Mayor Parker stated that he has received several phone calls from businesses who are opposed to this resolution. Mayor Parker explained he is opposed to the resolution. Councilmember Orcutt moved to approve resolution CC2021-02. Councilmember Davis made the second. The Council was polled with the following results: Orcutt, Aye Davis, Nay Parker; Nay Lewis, Absent Mayor Parker declared the motion failed. Other New Business, if any, Which has Arisen Since the Posting of the Agenda and Could not Have Been Anticipated Prior to the Time of Posting (25 O.S. § 311(9)) None. Mayor and Council Community Announcements Mayor Parker welcomed the new City Manager Bo Reese and thanked Tyler Cline for serving as Interim City Manager. Interim City Manager’s Communications Bo Reese explained that he is thrilled to be here, and he is getting settled in. He is ready to serve the citizens. Ben Loring announced that Corbin Walls has been working as an intern during the winter break between semesters. Adjournment Councilmember Davis moved to adjourn. Councilmember Orcutt made the second. The Council was polled with the following results: Davis, Aye Orcutt, Aye Parker, Aye Lewis, Absent Mayor Parker declared the meeting adjourned at 6:36PM. _______________________ _______________________ _______________________ Councilmember Lewis Councilmember Orcutt Councilmember Davis _______________________ _______________________ ATTEST: ______________________ Vacant Mayor Bless Parker Melissa Moore, City Clerk

PURCHASE ORDERS PRESENTED

January 4, 2021


VENDOR DESCRIPTION

POLICE DEPARTMENT

FUELMAN NOVEMBER & DECEMBER FUEL USAGE 1,171.33

LUBE-N-GO OIL CHANGES 78.85

MAIN STREET CAR WASH NOVEMBER CAR WASHES 217.24

MTM RECOGNITION BADGE 170.84

O'REILLY AUTO BRAKE PADS, BRAKE ROTOR, WATER PUMP 327.43

PAYTON'S AUTOMOTIVE SCANNER TEST, REPAIRS, MOUNT & BALANCE 131.92

PIONEER PRINTING BUSINESS CARDS (BISSELL) 32.00

SOUTHERN UNIFORM UNIFORM ACCESSORIES 127.99

U.S. CELLULAR CELL PHONE SERVICE 1,203.24

VANCE FORD ABS MODULE, SENSOR 173.48

3,634.32

FIRE DEPARTMENT

ACE HARDWARE GAS CANS, PVC TUBING 113.86

FUELMAN NOVEMBER & DECEMBER FUEL USAGE 420.97

HUGO'S INDUSTRIAL SUPPLY GLOVES, JANITORIAL SUPPLIES 164.98

LIFE-ASSIST SURGICAL TAPE 28.50

O'REILLY AUTO ADDITIVE 11.99

OK STATE DEPARTMENT OF HEALTH EMT LICENSE 85.00

SOUTHERN UNIFORM BADGES 141.37

STERICYCLE MEDICAL WASTE SERVICE 221.90

1,188.57

EMERGENCY MANAGEMENT


31.46

POLICE COMMUNICATIONS

OKLAHOMA DEPT. OF PUBLIC SAFETY OLETS USER FEE (PO#21-00185) 700.00

700.00

RISK MANAGEMENT

ARTHUR J. GALLAGHER RISK MGMT. AUTO POLICY INCREASE (PO#21-00728) 732.00

PEREGRINE CORPORATION FACE MASKS 200.00

TOMO DRUG TESTING ADMINISTRATIVE FEE 260.00

TOMO DRUG TESTING DOT TESTING (PO#21-00772) 1,360.00

2,552.00

STREET DEPARTMENT

FUELMAN NOVEMBER & DECEMBER FUEL USAGE 1,193.84

MIAMI NEWS-RECORD BID #C20-87 82.34

VLP EVAPORATOR, RADIATOR, MIRROR (PO#21-00723) 1,489.40

2,765.58

CEMETERY

ADMIRAL EXPRESS RECEIPT BOOK 62.99

ALERT 360 SECURITY MONITORING 22.00

MYRA KATNER LYNCH LAND RE-SALE (PO#21-00710) 765.00

849.99

MUNICIPAL BUILDING



ROBERT BARGER CLEANING DEPOSIT REFUND 500.00

1,436.37


SWIMMING POOL


22.00

ANIMAL CONTROL

BROOKE WITHAM JINKS REIMBURSEMENT (NEUTERING) 50.00


MASON COMPANY DOG KENNEL PANELS (PO#21-00771) 1,578.47

1,644.54

PARKS DEPARTMENT



LIVINGTON PLUMBING LABOR 160.00

MAIN STREET CAR WASH NOVEMBER CAR WASHES 35.00

574.92

LIBRARY


4 STATE MAINTENANCE JANITORIAL SUPPLIES 52.86

GALE CENGAGE BOOK ORDERS 216.49

INGRAM LIBRARY SERVICES BOOK ORDERS 320.32


THE LIBRARY STORE LABEL PROTECTORS, FILAMENT TAPE 166.60

883.56

GENERAL GOVERNMENT

CRAMER MARKETING 1099 FORMS, ENVELOPES 58.50

MIAMI NEWS-RECORD ORDINANCE, RESOLUTION 358.85

SHI INTERNATIONAL, INC. MAGIC TRACKPAD HARDWARE 117.12

534.47

HUMAN RESOURCES

BENNY JOHNSTON SERVICE AWARD (25 YEARS) (PO#21-00789) 150.00

CHRIS STEPHENS SERVICE AWARD (25 YEARS) (PO#21-00788) 150.00

COLLINS, ZORN & WAGNER INTERNAL INVESTIGATIONS (PO#21-00761) 3,361.25

CRAMER MARKETING W2 FORMS, ENVELOPES 387.95

INTEGRIS HEALTH PRE-EMPLOYMENT PHYSICAL 85.00

INTEGRIS OCCUPATIONAL HEALTH HEPATITIS B VACCINATIONS, MEDICAL REVIEW 130.00

KEITH BABBITT SERVICE AWARD (10 YEARS) (PO#21-00765) 25.00

MICHAEL BOLTON SERVICE AWARD (25 YEARS) (PO#21-00790) 150.00

ROBERT WRIGHT SERVICE AWARD (25 YEARS) (PO#21-00787) 150.00

THOMAS ANDERSON SERVICE AWARD (25 YEARS) (PO#21-00786) 150.00

4,739.20

WORKERS' COMP

CONSOLIDATED BENEFITS RESOURCES DECEMBER SERVICE FEE (PO#21-00030) 1,500.00

1,500.00

STREET & ALLEY

KEMP STONE CRUSHER RUN ROCK (PO#21-00767) 2,927.72

NEECE CONCRETE CONCRETE CONSTRUCTION (PO#21-00773) 9,375.00

NEO CONCRETE & MATERIALS CONCRETE CONSTRUCTION (PO#21-00810) 2,655.00

NEO CONCRETE & MATERIALS CONCRETE 180.00

NEO CONCRETE & MATERIALS CONCRETE (PO#21-00769) 3,622.50

TEETER'S PAVING ASPHALT (PO#21-00764) 38,863.70



WELCH STATE BANK CRAWLER DOZER LEASE 904.81

66,368.73

STREET & STADIUM

AMTEC SALES TAX REV REFUNDING BONDS (PO#21-00807) 500.00

BANK OF OKLAHOMA STREET BOND PROJECT (JANUARY) 83,311.46

83,811.46

INSURANCE FUND

BENEFIT MANAGEMENT EMPLOYEE HEALTH INSURANCE 28,000.0

0

MUTUAL OF OMAHA EMPLOYEE LIFE INSURANCE 3,140.00

MY PRINT FACE MASKS, SET-UP (PO#21-00618) 699.99

NFP CORPORATE SERVICES BROKER SERVICES 4,500.00

36,339.99

CAPITAL IMPROVEMENT

ALL STATE RESTORATION RESTORATION (SPLASHPAD BRIDGE) (PO#21-00823) 1,056.00

BRANCO MAIN STREET PHASE III (PO#21-00625) 307,160.65

GRAND IRON CUSTOM DESIGNS REPAIRS (SUBMARINE FRAME) 220.00



312,399.15

DEMOLITION FUND

OTTAWA COUNTY CLERK LIEN FILING FEES 144.00

OTTAWA COUNTY CLERK LIEN RELEASE FILING FEES 40.00

QUANTEM LABORATORIES LAB ANALLYSIS (VARIOUS PROPERTIES) 156.00

340.00

GRANT/DONATION FUND

FASTENAL - ELECTRIC ELECTRICAL SUPPLIES 98.17

LOCKE SUPPLY -ELECTRIC ELECTRICAL SUPPLIES 762.60

PEACEFUL WARRIORS - LIBRARY DVDS 480.00

1,340.77

MCVB

SPARKLIGHT CABLE TV SERVICE 159.07

159.07

UTILITY IMPROVEMENT

AMTEC SUA UTILITY REVENUE BONDS (PO#21-00807) 900.00

BANK OF OKLAHOMA UTILITY BOND PAYMENT (JANUARY) 17,960.0

0

SOUTHWEST ELECTRIC BREAKER REVISION (PO#21-00778) 827.50

19,687.50

AIRPORT

AIRPORT LIGHTING COMPANY LIGHTS 30.00

GARVER ENGINEERING SERVICES (PO#21-00698) 7,197.15

OK AIRPORT OPERATORS ASSOC. MEMBERSHIP RENEWAL 275.00

7,502.15

BANK OF AMERICA CREDIT CARD PAYMENT (NOVEMBER 1 - 15, 2020) 9,060.86

BANK OF AMERICA CREDIT CARD PAYMENT (NOVEMBER 16 - 30, 2020) 9,671.06

CITY OF MIAMI PAYROLL (DECEMBER 17, 2020) 330,244.13

TOTAL GENERAL FUND 21,383.50


TOTAL OTHER FUNDS 529,448.82

TOTAL GOVERNMENTAL FUNDS 899,808.37

CITY OF MIAMI

NOVEMBER 01, 2020 – NOVEMBER 15, 2020

LEGAL DEPARTMENT ODCR - NOV SUB $50.00

TOTAL $50.00

POLICE DEPARTMENT AMAZON- IPAD CASE $32.84

WAL-MART- HALLOWEEN CANDY $29.64

J GARDNER ASSOC-BADGE STCKRS $320.00

AMAZON- IPAD CASES $362.77

AMAZON- WALL FILE ORG $19.98

AMAZON- IPad case $362.77

WALMART- REITREMENT SUPP $34.39

LIVE VIEW GPS $41.90

TOTAL $1,204.29

FIRE DEPARTMENT WALMART.COM-AY/OFF CHAIR $89.99

WALMART.COM-AY/OFF CHAIRS $197.38

ACE HDWE- OILS $30.97

EMTPREP.COM- EXAMPREP $54.99

DOLLAR GENERAL- WATER $10.00

TOTAL $383.33

POLICE COMMUNICATIONS WALMART-OFFICE SUPPLIES $38.22

TOTAL $38.22

CODE ENFORCEMENT VERIZON $80.02

TOTAL $80.02

STREET DEPARTMENT KATNER - SOCKETS $126.00

KATNER-HYD FILTER $74.33

O'REILLY-FILTER $31.28

O'REILLY-ABSORBENT $107.94

KATNER-MINI WRNCHS $12.90

MAXWELL-SAW BLDS,SHVLS $1,604.48

O'REILLY-OIL $47.88

BO'S TIRE-FLAT RPR $25.00


O'REILLY-FILTERS $51.42

FASTENAL-GLSS,PLGS $110.43


TOTAL $2,249.94

CEMETERY


WAL-MART REPAIR $11.91

ONLINE STORE-FLAGS $139.00

FLAG & EMBLEM FLAGS $236.45

SPARKLIGHT CEM NET $159.83

PINMART HEART PINS $259.00

VRZN-CEMETERY $64.17

TOTAL $870.36

FACILITIES

ACE-FILTERS $41.96

AMAZON-TRASH CANS $706.05

ACE-SPRAY TEXTURE $99.93

SHERWIN WLMS-PAINT $163.20

LOCKE-SEWER LINE $189.98


VRZN-FACILITIES $40.01

TOTAL $1,254.86

ANIMAL CONTROL

WM-SOAP,OIL, COTN RNDS $71.96

LOCKE-LED BULBS $107.12

WM-TOWLS $14.79

TRACTOR SUP-LITTER,MEDS $57.97

VRZN-ANIMAL CONTROL $40.01

TOTAL $291.85

PARKS

O'REILLY-SHIFT,HTR CORE $95.02

KARNES - TIRES $499.98

O'REILLY-IGN SWC,TMP GE $62.96

ACE-LOCK,KEY $39.99

ACE-SNAPS,CLIPS $33.31


METAL FAB-PLAQUE $51.00

TOTAL $808.65

LIBRARY

LOCKE-WATER HTR $424.49

USPS ILL x 4 $13.14

USPS ILL x 6 $19.10

WALMART- CHLDRN PRGM $27.29

WALMART CHILDRENS CRAFT $10.84

TOTAL $494.86

CITY- G&A

ZACK'S CAFE - LUNCH MEETING $23.96

TOTAL $23.96

HUMAN RESOURCES

ZACK'S-EMP APPREC $40.00

WALMART -EMP APPREC $51.28

TOTAL $91.28


STREET & ALLEY

M&D LUMBER-BAR TIES $25.98

TOTAL $25.98

SPORTS & RECREATION

VERIZON $40.01

$40.01

DEMOLITION FUND

M&D LUMBER -LUMBER $59.50

M&D LUMBER-PLYWOOD $59.50


TOTAL $267.75

MCVB

VRZN-CVB $80.02

AMAZON- MCVB AD DISPLAY $31.98

AMAZON- MCVB AD DISPLAY $42.98

ADOBE IL CREATIVE AD PROG $20.99

RED ONION- MARKETING LUNCH $46.03

TOTAL $222.00

MCFA

DISH BILL - NOV 20 $263.54

$263.54

MDRA HAMPTON INN- ROOM $103.95

HAMPTON INN- ROOM $96.60

HAMPTON INN - ROOM $96.60

FACEBOOK- AD $18.81

PIZZA HUT- PHELPS CONCERT $84.00

TOTAL $399.96




CITY OF MIAMI NOVEMBER 16, 2020 – DECEMBER 01, 2020

LEGAL DEPARTMENT ODCR - NOV TOOLS SUPP $5.00

TOTAL $5.00

POLICE DEPARTMENT PAYTONS AUTOMOTIVE LLC - TIRES $681.60

LLRMI - TRAINING $125.00

TOTAL $806.60


FIRE DEPARTMENT WPSG, INC- BOOTS $431.62

AMAZON- GLOVES $319.98

AMAZON- MASKS $51.79

O'REILLY- OIL $17.98

WALMART- LAUNDRY SOAP $40.88

ACE HDWE/SHIPPING $21.18

SPARKLIGHT- NORTH $153.73

SPARKLIGHT- SOUTH $152.77

WAL-MART- SUPPLIES $84.52

TOTAL $1,274.45

POLICE COMMUNICATIONS AMAZON -REFUND ($57.25)

TOTAL ($57.25)

RISK MANAGEMENT WALMART - INK CARTRIDGES $131.76

TOTAL $131.76

STREET DEPARTMENT FABICK CAT - OIL $420.95

KATNER MILLS-FLTR,OIL $50.59


AMAZON-VALVE $93.45

FASTENAL-TIES,NUTS,BLTS $94.72

BO'S TIRE-FLAT RPR $100.00

KATNER MILLS-BATTERY $190.97



TOTAL $1,092.24

CEMETERY O'REILLY WIPERS $19.98

ACE-ZIP TIES $15.98

AMAZON-LIGHTING $324.19

ACE BATTERIES $53.93

TOTAL $414.08

FACILITIES AMAZON-CHAIR CAPS $54.95

AMAZON-CHAIR CAPS $54.95

LOWES-CREDIT TAX ($67.89)

LOWES-AC UNIT $298.88



TOTAL $368.35

ANIMAL CONTROL WALMART-BAGS,BLEACH $153.78

AMAZON-HAIR DRYER $66.50

MIDWEST VET-MEDS $374.42


WALMART-LITTER $9.92

CHEWY-FLEA TICK TRTMNT $299.90

TRACTOR SUP-LITTER $23.96

AMAZON-WNTR JKT $79.89

TOTAL $1,008.37

PARKS ACE-UTIL KNIVES $50.95

DIAMOND MWRS-SKID,BLDE $350.91

KARNES-TIRES,FLT RPR $349.00



TOTAL $800.00

LIBRARY AMAZON- MASKS $36.76

DOLLAR GEN- OFF SUPPLIES $6.00

USPS ILL X 3 $8.48

USPS ILL X 2 $6.32

VISTAPRINT- T-SHIRTS $211.59

TOTAL $269.15

HUMAN RESOURCES WALMART-OFFICE SUPPLIES $12.28

BAUDVILLE-EMP RECOG $142.94

TOTAL $155.22

STREET & ALLEY IRON WORKS-REBAR $2,160.00

TOTAL $2,160.00

HEALTH INSURANCE 4IMPRINT - PENS $96.58

TOTAL $96.58

CAPITAL IMPROVEMENT OTC - FEE $2.09

OTC - TITLE AND TAG $47.50

TOTAL $49.59

DEMOLITION FUND M&D LUMBER-PLYWOOD $123.40

TOTAL $123.40

GRANT FUND FIRST BOOK- CHLDRNS BOOKS $5.58

FIRST BOOK- CHLDRNS BOOKS $42.50

TOTAL $48.08

TRAVEL CENTER PKING HNDICRFT MTIC RESALE $104.00

TOTAL $104.00


MCVB GODADDY.COM - WEBSITE $59.97

VISIT WIDGET MCVB APP $299.00

CANON -COPIER CONTRACT $174.92

TOTAL $533.89

MIPFA NE OK ELECTRIC - ELECTRIC $228.32

TOTAL $228.32

MDRA LOWES - AC UNIT $499.00

LOWES-RTN AC UNIT ($499.99)

FACEBOOK- ADS $60.22

TOTAL $59.23




Page 1 of 1

OATH OF OFFICE (Oklahoma Constitution, Article XV, §1; 51 O.S. §36.3; 11 O.S. §8-103)

I, Kevin Dunkel, do solemnly swear (or affirm) that I will support, obey, and defend the

Constitution of the United States, and the Constitution of the State of Oklahoma, and that I will

not, knowingly, receive, directly or indirectly, any money or other valuable thing, for the

performance or nonperformance of any act or duty pertaining to my office, other than the

compensation allowed by law;

I further swear (or affirm) that I will faithfully discharge, according to the best of my

ability, the duties of my office during such time as I am a member of the Miami City Council,

Ward, 2 and the board of trustees of the Miami Special Utility Authority (MSUA) of the City of

Miami, Oklahoma.

__________________________________________

Kevin Dunkel

STATE OF OKLAHOMA )

COUNTY OF OTTAWA ) SS

Subscribed and sworn to (or affirmed) before me on this _______ day of

______________________, 2021, by Kevin Dunkel.

__________________________________________

Notary Public

Commission Number: _______________

Commission Expires: _______________

[NOTARIAL SEAL]

[* Per 11 O.S. §8-104, municipal oaths may be administered by “[a]ll officers authorized by state

law, the mayor, the municipal clerk, the city manager or municipal judge and all such other

officers as the municipal governing body may authorize…”. Also, per 49 O.S. §6, “[n]otaries

public shall have authority … to administer oaths…”.]

CITY OF MIAMI ACTION/DECISION REQUEST

COUNCIL

MEETING DATE:

January 19, 2021

AGENDA TITLE: Approve Olsson and Associates Master Service Agreement Work

Order #20/21-1A for General City Engineering Services Not to Exceed

$60,000 Combined Expiring June 30, 2021

BACKGROUND:

Effective Date: January 1, 2021 – June 30, 2021

Services:

Olsson is currently contracted to provide engineering services via work orders as part of a Master Services Agreement. This work order is for their city engineering services for remainder of this fiscal year. City Engineering Services generally include serving as the professional engineering representative in performing engineering services as directed by the City Manager or Department Directors. The amount is $60,000 that includes both the MSUA and the City.

STAFFS RECOMMENDATION:

• Vote to Approve PRESENTER(S):

Shaun McConnaughey

Page 1 of 3

MASTER AGREEMENT WORK ORDER

NO. 20/21-1A

This exhibit is hereby attached to and made a part of the Master Agreement for Professional Services dated November 1, 2016 between City of Miami/ Miami Special Utility Authority (MSUA) (“Client”) and Olsson Associates (“Olsson”) providing for professional services. Olsson’s Scope of Services for the Agreement is as indicated below.

GENERAL

Olsson has acquainted itself with the information provided by Client relative to the project and based upon such information offers to provide the services described below for the project. Client warrants that it is either the legal owner of the property to be improved by this Project or that Client is acting as the duly authorized agent of the legal owner of such property.

PROJECT DESCRIPTION AND LOCATION

Project will be located at: City of Miami, OK

Project Description: General City Engineering Services

SCOPE OF SERVICES

Olsson shall provide the following services (Scope of Services) to Client for the Project:

City Engineering Services

1.1 Serve as the Client’s professional engineering representative in performing consulting services as directed by the City Manager or Department Directors.

Should Client request work in addition to the Scope of Services, Olsson shall invoice Client for such additional services (Optional Additional Services) at the standard hourly billing labor rate charged for those employees actually performing the work, plus reimbursable expenses if any. Olsson shall not commence work on Optional Additional Services without Client’s prior written approval.

Olsson agrees to provide all of its services in a timely, competent and professional manner, in accordance with applicable standards of care, for projects of similar geographic location, quality and scope.

Page 2 of 3

SCHEDULE FOR OLSSON’S SERVICES

Unless otherwise agreed, Olsson expects to perform its services under the Agreement as follows:

Anticipated Start Date: January 1, 2021Anticipated Completion Date: June 30, 2021

Olsson will endeavor to start its services on the Anticipated Start Date and to complete its services on the Anticipated Completion Date. However, the Anticipated Start Date, the Anticipated Completion Date, and any milestone dates are approximate only, and Olsson reserves the right to adjust its schedule and any or all of those dates at its sole discretion, for any reason, including, but not limited to, delays caused by Client or delays caused by third parties.

COMPENSATION

Client shall pay to Olsson for the performance of the Scope of Services, the actual time of personnel performing such services, and all actual reimbursable expenses in accordance with the Labor Rate Schedule and the Reimbursable Expense Schedule attached to this Agreement. Olsson shall submit invoices on a monthly basis and payment is due within 30 calendar days of invoice date.

If applicable: Olsson’s Scope of Services will be provided on a time and expense basis not to exceed $120,000 for the remainder of the Fiscal Year for both contracts.

TERMS AND CONDITIONS OF SERVICE

We have discussed with you the risks, rewards and benefits of the Project, the Scope of Services, and our fees for such services and the Agreement represents the entire understanding between Client and Olsson with respect to the Project. The Agreement may only be modified in writing signed by both parties.

Client’s designated Project Representative shall be Tyler Cline, Director of Utilities.

If this Work Order satisfactorily sets forth your understanding of our agreement, please sign in the space provided below. Retain a copy for your files and return an executed original to Olsson. This proposal will be open for acceptance for a period of maximum 30 days from the date set forth above, unless changed by us in writing.

OLSSON ASSOCIATES, INC.

By _____________________________ By _________________________________ Clayton Cristy, Team Leader Shaun McConnaughey, Project Engineer

Page 3 of 3

By signing below, you acknowledge that you have full authority to bind Client to the terms of the Agreement. If you accept this Work Order, please sign:

CITY OF MIAMI, OK/ MIAMI SPECIAL UTILITY AUTHORITY

By Signature

Print Name Bless Parker

Title Mayor/ Chairman Dated:

AttachmentsLabor Rate ScheduleReimbursable Expense Schedule

Description Range

Principal 118.00 - 381.00

Project Manager 114.00 - 195.00

Project Professional 110.00 - 174.00

Assistant Professional 64.00 - 143.00

Designer 80.00 - 216.00

CAD Operator 43.00 - 118.00

Survey 46.00 - 187.00

Construction Services 43.00 - 193.00

Administrative/Clerical 29.00 - 130.00

1.

2. Rates subject to change based upon updates to Billing Rates for upcoming

year.

Please contact the Project Manager for special services not included above (Survey; Field

Operations including Special Inspections, Construction Administration/Observation, and

Geotechnical; Non-Destructive Testing, and Drilling) and they will provide their Special

Services Labor Rate Schedule to include with your Agreement

Olsson Billing Rate Schedule

2020 Labor Rates

Note:

Special Services not included in above categories will be provided on a Special

Labor Rate Schedule

Page 1 of 1

REIMBURSABLE EXPENSE SCHEDULE

The expenses incurred by Olsson or Olsson's independent professional associates or consultants directly or indirectly in connection with the Project shall be included in periodic billing as follows: Classification Cost Automobiles (Personal Vehicle) $0.575/mile* Suburban’s and Pick-Ups $0.75/mile* Automobiles (Olsson Vehicle) $85.00/day Other Travel or Lodging Cost Actual Cost Meals Actual Cost Printing and Duplication including Mylars and Linens In-House Actual Cost Outside Actual Cost+10% Postage & Shipping Charges for Project Related Materials including Express Mail and Special Delivery Actual Cost Film and Photo Developing Actual Cost+10%

Telephone and Fax Transmissions Actual Cost+10% Miscellaneous Materials & Supplies Applicable to this Project Actual Cost+10% Copies of Deeds, Easements or other Project Related Documents Actual Cost+10% Fees for Applications or Permits Actual Cost+10% Sub-Consultants Actual Cost+10% Taxes Levied on Services and Reimbursable Expenses Actual Cost *Rates consistent with the IRS Mileage Rate Reimbursement Guidelines (Subject to Change).

SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORETHE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED INACCORDANCE WITH THE POLICY PROVISIONS.

INSURER(S) AFFORDING COVERAGE

INSURER F :

INSURER E :

INSURER D :

INSURER C :

INSURER B :

INSURER A :

NAIC #

NAME:CONTACT

(A/C, No):FAX

E-MAILADDRESS:

PRODUCER

(A/C, No, Ext):PHONE

INSURED

REVISION NUMBER:CERTIFICATE NUMBER:COVERAGES

IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement onthis certificate does not confer rights to the certificate holder in lieu of such endorsement(s).

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THISCERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIESBELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZEDREPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.

OTHER:

(Per accident)

(Ea accident)

$

$

N / A

SUBRWVD

ADDLINSD

THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIODINDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THISCERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS,EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.

$

$

$

$PROPERTY DAMAGE

BODILY INJURY (Per accident)

BODILY INJURY (Per person)

COMBINED SINGLE LIMIT

AUTOS ONLY

AUTOSAUTOS ONLYNON-OWNED

SCHEDULEDOWNED

ANY AUTO

AUTOMOBILE LIABILITY

Y / N

WORKERS COMPENSATIONAND EMPLOYERS' LIABILITY

OFFICER/MEMBER EXCLUDED?(Mandatory in NH)

DESCRIPTION OF OPERATIONS belowIf yes, describe under

ANY PROPRIETOR/PARTNER/EXECUTIVE

$

$

$

E.L. DISEASE - POLICY LIMIT

E.L. DISEASE - EA EMPLOYEE

E.L. EACH ACCIDENT

EROTH-

STATUTEPER

LIMITS(MM/DD/YYYY)POLICY EXP

(MM/DD/YYYY)POLICY EFF

POLICY NUMBERTYPE OF INSURANCELTRINSR

DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)

EXCESS LIAB

UMBRELLA LIAB $EACH OCCURRENCE

$AGGREGATE

$

OCCUR

CLAIMS-MADE

DED RETENTION $

$PRODUCTS - COMP/OP AGG

$GENERAL AGGREGATE

$PERSONAL & ADV INJURY

$MED EXP (Any one person)

$EACH OCCURRENCEDAMAGE TO RENTED

$PREMISES (Ea occurrence)

COMMERCIAL GENERAL LIABILITY

CLAIMS-MADE OCCUR

GEN'L AGGREGATE LIMIT APPLIES PER:

POLICYPRO-JECT LOC

CERTIFICATE OF LIABILITY INSURANCEDATE (MM/DD/YYYY)

CANCELLATION

AUTHORIZED REPRESENTATIVE

ACORD 25 (2016/03)

© 1988-2015 ACORD CORPORATION. All rights reserved.

CERTIFICATE HOLDER

The ACORD name and logo are registered marks of ACORD

HIREDAUTOS ONLY

12/22/2020

SilverStone Group LLC, a HUB International Company11516 Miracle Hills DriveSuite 100Omaha NE 68154

Molly Harmon402-964-5598 402-557-6325

[email protected]

Charter Oak Fire Ins. Co. 256155761 Travelers Property Casualty Co. of America 25674

Olsson, Inc.P.O. Box 84608601 P St., Ste. 200402-474-6311Lincoln NE 68501

Phoenix Insurance Company 25623XL SPECIALTY INS CO 37885QBE SPECIALTY INS CO 11515

1005090207

A X 1,000,000X 100,000

5,000

1,000,000

2,000,000X

P-630-8D707184 1/1/2021 1/1/2022

2,000,000

A 1,000,000

XP-810-2L645724 1/1/2021 1/1/2022

B X X 10,000,000PSM-CUP-9H235899 1/1/2021 1/1/2022

10,000,000

C X

N

UB-9H987803-20-43 1/1/2020 1/1/2021

1,000,000

1,000,000

1,000,000ED

Professional LiabilityClaims MadeCrime

HUN00059-00ELU172441-21

1/1/20211/1/2021

1/1/20221/1/2022

PL Each Claim/AggPL Ded Per ClaimsEmployee Dishonesty

$5,000,000$500,000$2,000,000

All Carriers listed above have AM Best Ratings of A++XV.

City of Miami/ Miami Special Utility Authority

APPOINTMENT OF REPRESENTATIVE

TO

THE BOARD OF DIRECTORS

GRAND GATEWAY ECONOMIC DEVELOPMENT ASSOCATION

Each municipality, as defined by the statutes of the State of Oklahoma, who becomes a signatory

of this Resolution and Agreement, and has a population in excess of 4,000 according to the latest

official State Estimate by the Oklahoma Employment Security Commission, shall appoint by and

through the act of their governing body, one (1) director who shall be their direct representative

thereon, which director may or may not be a member of said governing body. Providing that

each municipality that has a population 8,000 in excess of the basic 4,000 mentioned herein shall

be entitled to one (1) additional representative with a maximum of two (2) representatives for

any one municipality.

The City Council for the Municipality of Miami, OK, at their regular scheduled meeting on

___January_19_, 2021, appointed the following individual(s) to represent them on the Board of

Directors for the Grand Gateway Economic Development Association, to serve for a period of

one (1) year, beginning February 1, 2021.

NAME ADDRESS TELEPHONE

#1 Bo Reese

#2 Tyler Cline

Signed this _____day of________________, 20_____.

Mayor

ATTEST:

Grand Gateway

Form #804

December 21, 2020

City of Miami

P O Box 1288

Miami OK 74355

It is again time to appoint or reappoint your representative to the Grand Gateway Board of

Directors for 2021.

Appointments are made each year during the month of January, and representatives will serve for

a period of one year, beginning February 1. Meetings are held every other month, and Board

members are reimbursed for transportation to and from the meetings. Officers of the Association

will be elected from among the members at the February meeting.

The City of Miami, in Ottawa County, is a member of the Association and eligible to have two

representatives on the Grand Gateway Board of Directors. This can be accomplished at your

next city meeting. The representative may or may not be a member of your governing body.

Your current representatives are: Dean Kruithof

Charlotte Howe

You are requested to take this action, complete and sign the enclosed form and return it no later

than January 25, 2021.

If you have questions, you may call me at 1-800-482-4594 ext. 235.

Sincerely,

Mary Satterwhite

Grand Gateway Board Clerk

Enclosure

P O Drawer B ● 333 South Oak Street ● Big Cabin, Oklahoma 74332


COUNCIL

MEETING DATE:

January 19, 2021

AGENDA TITLE: Approve Agreement with Oklahoma Humanities for Let’s

Talk About it, Oklahoma Grant for Spring 2021; Authorize

the City Manager to Sign

BACKGROUND:

• This agreement stipulates conditions that apply to the grant we received from the Oklahoma Humanities Council to hold a reading and discussion series The $1,000 grant which provides sets of books to loan out, funding for university professors who lead discussion about the books, and additional funding for promotional purposes, must be matched by in-kind or additional cash. We will be matching funds through staffing hours, supplies including copies and postage to return books for the series.

• Our 2021 spring series will be held monthly from January through May and the

theme is “The American Frontier: A Pulitzer Prize Centennial Series.”

Books in the series include The Middle Ground: Indians, Empires, and Republics in the

Great Lakes Region, 1650-1815 by Richard White, Across the Wide Missouri by Bernard

DeVoto, The Way West by A. B. Guthrie, Son of the Wilderness: The Life of John Muir

by Linnie Marsh Wolfe, and The Son by Philipp Meyer.

This series is free and open to the public and will be held via Zoom.

PRESENTER: Marcia Johnson


COUNCIL MEETING DATE:

January 19, 2021

AGENDA TITLE: Approve Ordinance and Joinder Agreement Amending the Employee Retirement System, Defined Benefit Plan for the City of Miami, Oklahoma; Providing Retirement Benefits for Eligible Employees of the City of Miami, Oklahoma; Pertaining to the Definition of Employee and Declaring an Emergency.

BACKGROUND: The OkMRF Defined Benefit Plan and Joinder Agreement need to change the definition of employee to include the City Manager as of the effective date, January 1, 2021. STAFFS RECOMMENDATION: Staff recommends to Approve Ordinance and Joinder Agreement Amending the Employee

Retirement System, Defined Benefit Plan for the City of Miami, Oklahoma; Providing Retirement

Benefits for Eligible Employees of the City of Miami, Oklahoma; Pertaining to the Definition of

Employee and Declaring an Emergency.

PRESENTER(S):

Kim Horn, HR/Cemetery Director

309 N. Bryant Ave. • Edmond, OK 73034 • 405.348.0615 • Fax 405.348.0931 • www.jmacpas.com

Member of AICPA and OSCPA

December 28, 2020

To the Honorable Mayor and Members of the City Council of the

City of Miami, Oklahoma

We have audited the financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of the City of Miami, Oklahoma (the “City”) for the year ended June 30, 2020. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards and Government Auditing Standards, as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our letter to you dated February 24, 2020. We did not audit the financial statements of the Miami Industrial Development Authority (MIDA), which is presented as a discrete component unit. Those financial statements were audited by other auditors whose report thereon has been furnished to us, and our opinion, insofar as it relates to the amounts included for the aggregate discretely presented component units, is based on the report of the other auditors.

Professional standards also require that we communicate to you the following information related to our audit.

Significant Audit Findings

Qualitative Aspects of Accounting Practices

Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the City are described in Note 2 to the financial statements. During fiscal year 2020, the City implemented Governmental Accounting Standards Board Statement No. 84, Fiduciary Activities and Governmental Accounting Standards Board Statement No. 90, Majority Equity Interest. The adoption of these new accounting standards did not have an impact on the City’s financial statements. We noted no transactions entered into by the City during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.

Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the City’s financial statements are detailed below:

• Reserves for uncollectable receivables are based on past due balances, historical collection experience, and current economic factors.

• Reserves for open workers compensation claims are based on estimates developed by the City’s third party administrator.

• Amounts associated with the City’s pension and OPEB plans, including liabilities, deferred outflows, deferred inflows, and pension expense, have been actuarially determined. Numerous estimates are involved in calculating those actuarially determined amounts.

The financial statement disclosures are neutral, consistent, and clear.

http://www.jmacpas.com/

Difficulties Encountered in Performing the Audit

We encountered no significant difficulties in dealing with management in performing and completing our audit.

Corrected and Uncorrected Misstatements

Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. We identified the following adjustments that were posted as part of our auditing procedures:

• We noted certain transactions that should be accrued as of June 30, 2020 totaling $326,841 and an adjusting entry was made to record capital assets and accounts payable in the Miami Utility Authority.

We noted the following uncorrected misstatements:

Disagreements with Management

For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditor’s report. We are pleased to report that no such disagreements arose during the course of our audit.

Management Representations

We have requested certain representations from management that are included in the management representation letter dated December 28, 2020.

Management Consultations with Other Independent Accountants

In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the City’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. The City has employed Crawford & Associates, P.C., as consultants for the City and to assist with pre-audit matters and drafting the City’s financial statements. To our knowledge there were no consultations with Crawford & Associates, P.C., or other accountants which could affect our opinions on the City’s financial statements.

Other Audit Findings or Issues

We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the City’s auditors. These discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention.

Other Matters

We applied certain limited procedures to management’s discussion and analysis, the schedules for police, fire and OkMRF pensions, the budgetary comparison schedule – general fund, notes to required supplemental information, and other post-employment benefits schedule, which are required supplementary information (RSI) that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide any assurance on the RSI.

DR (CR)

Entry Number Account Description Opinion Unit

Current

Assets

Non-current

Assets

Current

Liabilities

Non-current

Liabilities Equity Revenue Expenses

1 Prepaid insurance GW - GA 88,916 - - - - -

Insurance expense 88,916

To record prepaid expense for WC paid in June for FY 21

2 Inventory Utility 257,538 - - - - -

Expense (257,538)

To record projected differences in inventory pricing

We were engaged to report on the general fund, non-major governmental funds, Miami Special Utilities Authority, internal service funds, and discretely presented component units cash flows combining schedules and statements, and the schedule of expenditures of federal awards and debt service coverage, which accompany the financial statements but are not RSI. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves.

Restriction on Use

This information is intended solely for the information and use of the City Council and management of the City and is not intended to be, and should not be, used by anyone other than these specified parties.

Sincerely,

Arledge & Associates, P.C.

ANNUAL FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR’S REPORTS

AS OF AND FOR THE FISCAL YEAR ENDED JUNE 30, 2020

THE CITY OF MIAMI, OKLAHOMA

ANNUAL FINANCIAL STATEMENTS AND

INDEPENDENT AUDITOR’S REPORTS

AS OF AND FOR THE FISCAL YEAR ENDED JUNE 30, 2020

CITY OF MIAMI, OKLAHOMA ANNUAL FINANCIAL REPORT

As of and for the Year Ended June 30, 2020

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TABLE OF CONTENTS Page Independent Auditor’s Report on Financial Statements…………………………………… 5-6 Management’s Discussion and Analysis……………………………………………………… 7-17 The Basic Financial Statements:

Government-Wide Financial Statements:

Statement of Net Position …………………………………………………………………… 19 Statement of Activities ……………………………………………………………………… 20

Governmental Funds Financial Statements:

Balance Sheet …………………………………………………………………………… 22 Statement of Changes in Fund Balances……………………………………………………… 23 Reconciliation of Governmental Fund and Government-Wide Financial Statements……… 24-25

Proprietary Funds Financial Statements:

Statement of Net Position……………………………………………………………………… 27 Statement of Changes in Net Position………………………………………………………… 28 Statement of Cash Flows……………………………………………………………………… 29

Discretely Presented Component Units Combining Financial Statements:

Statement of Net Position……………………………………………………………………… 31 Statement of Changes in Net Position………………………………………………………… 32

Footnotes to the Basic Financial Statements ………………………………………………… 33-70

Required Supplementary Information:

Budgetary Comparison Information

Budgetary Comparison Schedule (Budgetary Basis) – General Fund………………………… 72 Footnotes to Budgetary Comparison Schedule………………………………………………… 73

Pension and OPEB Plan Information Schedules of Pension Information…………………………………………………………… 74-77

Schedule OPEB Information ………………………………………………………………… 78



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Supplementary Information:

Combining Balance Sheet – General Fund Accounts…………………………………………… 80 Combining Schedule of Revenues, Expenditures and Changes in Fund Balance – General Fund Accounts ………………………………………………………………………………………… 81 Combining Balance Sheet - Non-Major Governmental Funds………………………………… 82-83 Combining Statement of Revenues, Expenditures and Changes in Fund Balance - Non-Major Governmental Funds…………………………………………………………………………… 84-85 Combining Schedule of Net Position – Miami Special Utilities Authority - Enterprise Fund Accounts……………………………………………………………………………………………86 Combining Schedule of Revenues, Expenses and Changes in Net Position– Miami Special Utilities Authority – Enterprise Fund Accounts ………………………………………………………… 87 Combining Schedule of Cash Flows – Miami Special Utilities Authority – Enterprise Fund Accounts………………………………………………………………………………………… 88 Combining Statement of Net Position – Internal Service Funds……………………………….… 89 Combining Statement of Revenues, Expenses and Changes in Net Position– Internal Service Funds…………………………………………………………………………………………….. 90 Combining Statement of Cash Flows – Internal Service Funds………………………………… 91 Combining Statement of Cash Flows – Discretely Presented Component Units ……………… 92 Schedule of Expenditures of Federal Awards………………………………………………… 93

Internal Control and Compliance Information Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards…………………………………………………………… 95-96 Schedule of Findings………………………………………………………………………… 97 Schedule of Prior Year Findings……………………………………………………………… 98



INDEPENDENT AUDITOR’S REPORT

To the Honorable Mayor and Members of the City Council of the


Report on the Financial Statements

We have audited the accompanying financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of the City of Miami, Oklahoma, (the “City”) as of and for the year ended June 30, 2020, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of the Miami Industrial Development Authority (“MIDA”), which represents 11 percent, 8 percent, and 22 percent, respectively, of the assets, net position, and operating revenues of the aggregate discretely presented component units. Those statements were audited by other auditors, whose report has been furnished to us, and our opinions, insofar as it relates to the amounts included for MIDA, are based solely on the report of the other auditors. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

In our opinion, based on our audit and the report of the other auditors, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the

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business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of the City, as of June 30, 2020, and the respective changes in financial position, and, where applicable, cash flows thereof, for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, budgetary comparison information, and the pension plan and other post-employment benefits funding schedules, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Information

Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The other supplemental information, as listed in the table of contents, is presented for purposes of additional analysis and is not a required part of the basic financial statements.

The other supplementary information is the responsibility of management and was derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the other supplemental information is fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated December 28, 2020, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

December 28, 2020

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MANAGEMENT DISCUSSION AND ANALYSIS



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Our discussion and analysis of the City of Miami’s financial performance provides an overview of the City’s financial activities for the fiscal year ended June 30, 2020. Please read it in conjunction with the City’s financial statements, which follow this section. FINANCIAL HIGHLIGHTS

For the fiscal year ended June 30, 2020, the City’s total net position increased by $4,251,279 or 14.1% from the prior year.

During the year, the City’s expenses for governmental activities were $12.9 million and were funded by program revenues of $1.9 million and further funded with taxes and other general revenues that totaled $11.4 million.

In the City’s business-type activities, such as utilities, program revenues exceeded expenses by $7 million.

At June 30, 2020, the General Fund reported an unassigned fund balance of $689,498. For budgetary reporting purposes, the General Fund reported revenues below estimates of

$1,004,017 or 11.4%, while expenditures were under the final appropriations by $818,799 or 8.3%.

OVERVIEW OF THE FINANCIAL STATEMENTS The financial statements presented herein include all of the activities of the City of Miami (the “City”) and its component units using the integrated approach as prescribed by GASB Statements No. 14, 34, 39, and 61. Included in this report are governmental-wide statements for each of three categories of activities – governmental, business-type, and discretely presented component units. The government-wide financial statements present the complete financial picture of the City from the economic resources measurement focus using the accrual basis of accounting. They present governmental activities and business type activities separately and combined. These statements include all assets of the City (including infrastructure capital assets), and deferred outflows of resources, as well as all liabilities (including all long-term debt) and deferred inflows of resources. About the City The City of Miami is an incorporated municipality with a population of approximately 13,570 located in northeastern Oklahoma. The City operates under a council-manager form of government with a charter that provides for three branches of government.

Legislative – the governing body includes an elected five-member City Council and Mayor Executive – the City Manager is the Chief Executive Officer and is appointed by the City Council Judicial – the Municipal Judge is a practicing attorney appointed by the City Council

The City’s Financial Reporting Entity This annual report includes all activities for which the City Council of the City of Miami is fiscally responsible. These activities are operated within several separate legal entities that are reported together to make up the City’s financial reporting entity.



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The City’s financial reporting entity includes the City of Miami, two blended component units, and four active discretely presented component units. Primary Government:

The City of Miami – incorporated municipality that operates the public safety, health and welfare, streets and highways, parks and recreation, and administrative activities as a home rule charter city Blended Component Units: Miami Special Utility Authority (MSUA) – public trust that operates the electric, water, wastewater, and solid waste/sanitation services of the City. Miami Development Authority (MDA) – public trust created to promote economic development in Miami.

Discretely Presented Component Units (separate legal entities for which the City Council is fiscally responsible, but appoints a separate governing body):

Miami Downtown Redevelopment Authority (MDRA) – public trust created to promote the redevelopment of the downtown area. The Authority does not issue separate financial statements. Miami Industrial and Public Facilities Authority (MIPFA) – public trust that promotes the use of facilities in the City of Miami area. The Authority does not issue separate financial statements. Miami Community Facilities Authority (MCFA) – public trust that promotes the development of commerce, housing, recreation, education and public facilities within the city. The Authority does not issue separate financial statements. Miami Industrial Development Authority (MIDA) – public trust that promotes industry in and around the City of Miami. The Authority issues separate financial statements, and can be obtained by contacting in the MIDA offices. Miami Education Facilities Authority (MEFA) – public trust that promotes the development of educational facilities within the city. The trust is currently inactive.

Using This Annual Report This annual report is presented in a format that substantially meets the presentation requirements of the Governmental Accounting Standards Board (GASB) in accordance with generally accepted accounting principles. The presentation includes financial statements that communicate the City’s financial position and changes therein at two distinct levels:

The City as a Whole (a government-wide presentation) The City’s Funds (a presentation of the City’s major and aggregate non-major funds)



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The City’s various government-wide and fund financial statements are presented throughout this annual report and are accompanied by:

Management’s Discussion and Analysis – that provides useful analysis that facilitates a better understanding of the City’s financial condition and changes therein.

Footnotes - that elaborate on the City’s accounting principles used in the preparation of the financial statements and further explain financial statement elements.

Supplemental Information – that provide additional information about specified elements of the financial statements, such as budgetary comparison information, and capital assets and long-term debt information.

Reporting the City as a Whole The Statement of Net Position and the Statement of Activities One of the most frequently asked questions about the City’s finances is, “Has the City’s overall financial condition improved, declined or remained steady over the past year?” The Statement of Net Position and the Statement of Activities report information about the City as a whole and about its activities in a way that helps answer this question. These statements include all assets, deferred outflows, liabilities and deferred inflows using the accrual basis of accounting. All of the current year’s revenues and expenses are taken into account regardless of when cash is received or paid. These two government-wide statements report the City’s net position and changes in them from the prior year. You can think of the City’s net position – the difference between assets, deferred outflows, liabilities, and deferred inflows – as one way to measure the City’s financial condition, or position. Over time, increases or decreases in the City’s net position are one indicator of whether its financial health is improving, deteriorating, or remaining steady. However, you must consider other nonfinancial factors, such as changes in the City’s tax base, the condition of the City’s roads, and the quality of services to assess the overall health and performance of the City. As mentioned above, in the Statement of Net Position and the Statement of Activities, we divide the City into three kinds of activities: Governmental activities -- Most of the City’s basic services are reported here, including the police,

fire, general administration, streets, and parks. Sales taxes, franchise fees, fines, and state and federal grants finance most of these activities.

Business-type activities -- The City charges a fee to customers to help cover all or most of the cost

of certain services it provides. The City’s water, wastewater, electric, airport, and sanitation activities are reported here.

Discretely-presented component units -- Accounts for various activities related to economic

development, facility management, facility construction, and downtown development.



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Reporting the City’s Most Significant Funds Fund Financial Statements The fund financial statements provide detailed information about the most significant funds – not the City as a whole. Some funds are required to be established by State law and by bond covenants. However, the City Council establishes many other funds to help it control and manage money for particular purposes or to show that it is meeting legal responsibilities for using certain taxes, grants and other money. Governmental funds -- Most of the City’s basic services are reported in governmental funds, which focus on how money flows into and out of those funds and the balances left at year-end that are available for spending. These funds are reported using an accounting method called modified accrual accounting, which measures cash and all other financial assets that can readily be converted to cash. The governmental fund statements provide a detailed short-term view of the City’s general government operations and the basic service it provides. Governmental fund information helps determine whether there are more or fewer financial resources that can be spent in the near future to finance the City’s programs. The differences of results in the Governmental Fund financial statements to those in the Government-Wide financial statements are explained in a reconciliation following each Governmental und financial statement. Proprietary funds - When the City charges customers for the services it provides – whether to outside customers or to other units of the City – these services are generally reported in proprietary funds. Proprietary funds are reported in the same way that all activities are reported in the Statement of Net Position, the Statement of Revenues, Expenses and Changes in Fund Net Position and Statement of Cash Flows. In fact, the City’s enterprise funds are essentially the same as the business-type activities we report in the government-wide statements but provide more detail and additional information, such as cash flows. A FINANCIAL ANALYSIS OF THE CITY AS A WHOLE Net Position As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. In the case of the City, assets and deferred outflows exceeded liabilities and deferred inflows by $34,451,289 at the close of the most recent fiscal year.



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TABLE 1NET POSITION (In Thousands)

% Inc. % Inc. % Inc.(Dec.) (Dec.) (Dec.)

Restated, Restated,2020 2019 2020 2019 2020 2019

Current assets 10,922$ 12,936$ -16% 18,766$ 20,379$ -8% 29,688$ 33,315$ -11%Capital assets, net 26,064 25,803 1% 24,603 19,910 24% 50,667 45,713 11%

Total assets 36,986 38,739 -5% 43,369 40,289 8% 80,355 79,028 2%

Deferred outflows 2,617 2,876 -9% 888 763 16% 3,505 3,639 -4%

Current liabilit ies 2,701 3,856 -30% 4,507 4,169 8% 7,208 8,025 -10%Non-current liabilit ies 25,667 27,409 -6% 13,387 14,598 -8% 39,054 42,007 -7%

Total l iabilities 28,368 31,265 -9% 17,894 18,767 -5% 46,262 50,032 -8%

Deferred inflows 2,050 1,478 39% 1,097 957 15% 3,147 2,435 29%

Net position Net investment capital assets 17,156 16,545 4% 12,900 7,232 78% 30,056 23,777 26% Restricted 1,789 1,677 7% 304 817 -63% 2,093 2,494 -16% Unrestricted (deficit) (9,760) (9,350) -4% 12,062 13,279 -9% 2,302 3,929 -41%

Total net position 9,185$ 8,872$ 4% 25,266$ 21,328$ 18% 34,451$ 30,200$ 14%

TotalGovernmental

Activities ActivitiesBusiness-Type

The largest portion of the City’s net position reflects its net investment capital assets (e.g., land, buildings, machinery, and equipment); less any related debt used to acquire those assets that are still outstanding. For 2020, the net investment in capital assets amounted to $30,055,470. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the City’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. A major portion of the City’s net position, $2,092,573 also represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position is amounting to $2,303,246. Explanations of significant changes displayed in Table 1 are as follows: Governmental Activities:

Deferred inflows – Increased $.6 million (39%) due to changes in pension and OPEB elements.

Business-Type Activities: Capital asset net – Increased $4.7 million (24%) due to an increase in purchase of capital assets and expenses in construction in progress.

Changes in Net Position For the year ended June 30, 2020, net position of the primary government changed as follows:



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% Inc. % Inc. % Inc.

(Dec.) (Dec.) (Dec.)

Restated, Restated,

2020 2019 2020 2019 2020 2019

Revenues

Charges for service 884$ 1,070$ -17% 26,455$ 25,628$ 3% 27,339$ 26,698$ 2%

Operating grants and contributions 914 1,260 -27% - - - 914 1,260 -27%

Capital grants and contributions 58 27 112% 64 550 -88% 122 577 -79%

Taxes 7,885 7,520 5% - - - 7,885 7,520 5%

Investment income 20 23 -13% 138 149 -7% 158 172 -8%

Miscellaneous 284 198 43% 1 - 100% 285 198 44%

Total revenues 10,045 10,098 -1% 26,658 26,327 1% 36,703 36,425 1%

Expenses

General government 1,846 1,837 - - - - 1,846 1,837 -

Public safety 5,421 4,930 10% - - - 5,421 4,930 10%

Streets 2,820 2,859 -1% - - - 2,820 2,859 -1%

Culture and recreation 1,456 1,452 - - - - 1,456 1,452 -

Economic development 544 610 -11% - - - 544 610 -11%

Interest on debt 831 845 -2% - - - 831 845 -2%

Water - - - 1,946 2,407 -19% 1,946 2,407 -19%

Wastewater - - - 1,544 1,439 7% 1,544 1,439 7%

Sanitation - - - 1,638 1,723 -5% 1,638 1,723 -5%

Electric - - - 13,986 15,768 -11% 13,986 15,768 -11%

Airport - - - 419 374 12% 419 374 12%

Total expenses 12,918 12,533 3% 19,533 21,711 -10% 32,451 34,244 -5%

Excess (deficiency) before

transfers (2,873) (2,435) -18% 7,125 4,616 54% 4,252 2,181 95%

Transfers 3,187 3,992 -20% (3,187) (3,992) -20% - - -

Change in net position 314$ 1,557$ -80% 3,938$ 624$ 531% 4,252$ 2,181$ 95%

TABLE 2CHANGES IN NET POSITION (In Thousands)

Total

Governmental

Activities

Business-Type

Activities

Explanations of significant changes in Table 2 are as follows: Governmental Activities:

Streets – Decrease of $.8 million (22%) due to an increase in purchase of equipment in the prior year. Operating grants and contributions – Decrease of $.4 million (27%) due to decrease in grants.

Business-Type Activities:

Capital grants and contributions – decrease of $.5 million (88%) due to a decrease in airport grants.



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Governmental Activities To aid in the understanding of the Statement of Activities some additional explanation is given. Of particular interest is the format that is significantly different than a typical Statement of Revenues, Expenses, and Changes in Fund Balance. You will notice that expenses are listed in the first column with revenues from that particular program reported to the right. The result is a Net (Expense)/Revenue. The reason for this kind of format is to highlight the relative financial burden of each of the functions on the City’s taxpayers. It also identifies how much each function draws from the general revenues or if it is self-financing through fees and grants or contributions. All other governmental revenues are reported as general. It is important to note all taxes are classified as general revenue even if restricted for a specific purpose.

(In Thousands)

% Inc. % Inc.(Dec.) (Dec.)

Restated, Restated,2020 2019 2020 2019

General government 1,846$ 1,837$ 1% (1,718)$ (1,552)$ 11%Public safety 5,421 4,931 10% (4,517) (4,033) 12%Streets 2,820 2,859 -1% (2,613) (2,642) -1%Culture, parks and recreation 1,456 1,452 - (1,101) (875) 26%Economic development 544 610 -11% (282) (326) -13%Interest on long-term debt 831 845 2% (831) (726) 14% Total 12,918$ 12,534$ 3% ($11,062) (10,154)$ 9%

TABLE 3Net Revenue (Expense) of Governmental Activities

Total Expenseof Services

Net Revenue(Expense)of Services

For the year ended June 30, 2020 total expenses for governmental activities amounted to approximately $12.9 million which was a decrease from the prior year of 3%. See Table 2 above for explanations of changes. Business-type Activities

% Inc. % Inc.Dec. Dec.

2020 2019 2020 2019

Water 1,946$ 2,407$ -19% 1,089$ 297$ 267%Wastewater 1,544 1,439 7% 645 521 24%Sanitation 1,638 1,723 -5% 997 892 12%Electric 13,986 15,768 -11% 4,488 2,454 83%Airport 419 374 12% (234) 303 -177% Total 19,533$ 21,711$ -10% 6,985$ 4,467$ 56%

of Services

Net Revenue(Expense)

of Services

TABLE 4Net Revenue (Expense) of Business-Type Activities

(In Thousands)

Total Expense



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The City’s business-type activities include utility services for water, electric, wastewater, sanitation and airport. In reviewing the business-type activities net (expense)/revenue, the following highlights should be noted: Total business-type activities reported net revenues of $6,985,506 for the year ended June 30, 2020. A FINANCIAL ANALYSIS OF THE CITY’S FUNDS As the City completed its 2020 fiscal year, the governmental funds reported a combined fund balance of $8.0 million or a 4.5% decrease of approximately $379,835. The enterprise funds reported combined net position of $24.3 million or an 18.5% increase from 2019.

Restricted 1,833,938$ Net investment in capital assets 12,899,597$ Committed 999,284 Restricted for debt service and other 303,796 Assigned 3,813,568 Unrestricted 11,073,603 Unassigned 1,338,593

Total Fund Balance 7,985,383$ Total Net Position 24,276,996$

Governmental Funds Proprietary Funds

Fund Balance/Net Position

General Fund Budgetary Highlights For budgetary reporting purposes, the General Fund reported revenues below estimates of $1,004,017 or 11.4%, while expenditures were under the final appropriations by $818,799 or 8.3%. CAPITAL ASSET AND DEBT ADMINISTRATION Capital Assets At the end of June 30, 2020, the City had $50.7 million invested in capital assets, net of depreciation, including police and fire equipment, buildings, park facilities, electrical infrastructure, water lines and sewer lines. (See table below). This represents a net increase of $4.9 million or 10.9% from the prior year.



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Capital Assets

(In Thousands)

(Net of accumulated depreciation)

Governmental Business-Type

Activities Activities Total

Restated

2020 2019 2020 2019 2020 2019

Land 4,601$ 4,601$ 765$ 755$ 5,366 5,356$

Buildings 6,725 6,557 8,250 8,739 14,975 15,296

Machinery, furniture and equipment 1,956 2,169 4,580 4,313 6,536 6,482

Infrastructure 11,873 11,241 7,647 4,367 19,520 15,608

Construction in progress 909 1,234 3,361 1,736 4,270 2,970

Totals 26,064$ 25,802$ 24,603$ 19,910$ 50,667$ 45,712$

TABLE 5

This year’s more significant capital asset additions placed into service included: Substation 1 Rehab $1,480,013 Airport lighting project $1,295,816 W. Central Ave Phase water line and storm sewer replacement $457,724 Splash Pad $432,515 Electric System Improvement $398,626 2020 Freightliner M2-106 $285,663 See Note 6 to the financial statements for more detail information on the City’s capital assets and changes therein. Long- Term Debt At year-end, the City had $30.9 million in long-term debt outstanding which represents a $1.5 million decrease, or 4.7%, from the prior year. The City’s changes in long-term debt by type of debt are as follows:

TABLE 6

Long-Term Debt

(In Thousands)

Governmental Business-Type

Activities Activities Total

2020 2019 2020 2019 2020 2019

Accrued absences 540$ 525$ 165$ 126$ 705$ 651$

Revenue Bonds 17,925 18,375 8,000 8,615 25,925 26,990

Bond Premium (Discount) 186 206 97 (3) 283 203

Notes Payable- Direct borrowing - - 3,138 3,483 3,138 3,483

Capital Leases 309 506 518 583 827 1,089

Totals 18,960$ 19,612$ 11,918$ 12,804$ 30,878$ 32,416$

See Note 8 to the financial statements for more detail information on the City’s long-term debt and changes therein.



17

The Upcoming Year The City will spend the upcoming year completing projects with an emphasis on expanding utility services; continuing to implement the approved comprehensive plan; and spending millions on street and utility improvements. The FY 2020-2021 budget is expected to remain level with the exception of the continued electric, water, and wastewater utility rate increases that will fund much needed electric, water, and wastewater system improvements to include substation upgrades, line replacement, and utility expansion for an economic development project. The City expects to continue to be impacted by a struggling economy but continues building financial capacity by expanding utility services thereby improving budget stabilization for the future. The City will also continue revenue bond and loan projects on various utility improvements such as substation and water/wastewater line replacement. Utility funds will continue to repay the debts. The primary sources of revenue for the City of Miami are sales tax and utility (electric, water, and wastewater) revenues. Sales tax requires a vote of the people and cannot be adjusted without the people’s consent. The addition of online sales tax collections continues to have a positive impact on our budget capacity to some degree. In addition, the City continues to look for ways to enhance our revenue base that will assist in the completion of major infrastructure and development projects. The Covid-19 pandemic that hit our community in March of 2020 continues to affect decision making. Spending is cautious, but, fortunately our use and sales tax revenues have been affected positively. It is yet to be determined how the economy in Miami will be affected long term, but sales tax for FY 19/20 ended up .93% and use tax up 14.71% over the previous year. As of 10/31/2020, our sales tax is up 13.88% and use tax is up 35.7%. We do not expect this trend to continue. Contacting the City’s Financial Management This report is designed to provide our citizens, taxpayers, customers and creditors with an understanding of the City’s finances and to demonstrate the City’s accountability for the resources it receives. If you have questions about this report or need additional financial information, contact: City of Miami PO Box 1288 Miami, OK 74355-1288



18

BASIC FINANCIAL STATEMENTS – GOVERNMENT-WIDE



19

Statement of Net Position– June 30, 2020

Discretely Presented

Component UnitsGovernmental

ActivitiesBusiness-type

Activities Total

ASSETSCash and equivalents 9,956,878$ 11,124,532$ 21,081,410$ 627,707$ Investments 166,933 1,648,104 1,815,037 - Interest receivable - 809 809 - Accounts receivable, net 217,354 3,697,028 3,914,382 - Due from other governments 1,111,566 - 1,111,566 - Other receivables 404,599 31,718 436,317 8,265 Internal balances (960,987) 960,987 - - Inventory - 1,302,534 1,302,534 - Net pension asset 25,191 - 25,191 - Capital Assets

Land and construction in progress 5,510,544 4,126,273 9,636,817 350,792 Other capital assets, net of depreciation 20,553,754 20,477,067 41,030,821 8,774,906

Total assets 36,985,832 43,369,052 80,354,884 9,761,670

DEFERRED OUTFLOWS:Deferred amounts related to pensions 1,959,634 538,661 2,498,295 - Deferred amounts related to OPEB 287,667 238,463 526,130 - Deferred amount on refunding 369,858 - 369,858 - Deferred amount related to GRDA settlement - 111,119 111,119 -

Total deferred outflows of resources 2,617,159 888,243 3,505,402 -

LIABILITIESAccounts payable and accrued liabilities 1,239,217 2,608,550 3,847,767 9,136 Claims liability 624,826 - 624,826 - Accrued interest payable 45,161 130,327 175,488 - Long-term liabilities

Due within one year 791,780 1,767,840 2,559,620 334,590 Due in more than one year 25,667,354 13,387,123 39,054,477 -

Total liabilities 28,368,338 17,893,840 46,262,178 343,726

DEFERRED INFLOWS:Deferred amounts related to pensions 1,276,046 493,735 1,769,781 - Deferred amounts related to OPEB 773,761 603,277 1,377,038 -

Total deferred inflows of resources 2,049,807 1,097,012 3,146,819 -

NET POSITION:Net investment in capital assets 17,155,873 12,899,597 30,055,470 8,793,083 Restricted 1,788,777 303,796 2,092,573 - Unrestricted (deficit) (9,759,804) 12,063,050 2,303,246 624,861

Total net position 9,184,846$ 25,266,443$ 34,451,289$ 9,417,944$

Primary Government

See accompanying notes to the basic financial statements.



20

Statement of Activities –Year Ended June 30, 2020

Functions/Programs ExpensesCharges for

Services

Operating Grants and

Contributions

Capital Grants and

ContributionsGovernmental

ActivitiesBusiness-type

Activities Total

Discretely Presented

Component Units

Primary governmentGovernmental Activities

General Government 1,846,254$ 123,147$ 5,203$ -$ (1,717,904)$ -$ (1,717,904)$ -$ Public Safety 5,420,710 227,546 647,190 28,649 (4,517,325) - (4,517,325) - Public Works and Streets 2,819,904 85,995 120,438 - (2,613,471) - (2,613,471) - Culture and Recreation 1,455,890 205,698 120,141 29,414 (1,100,637) - (1,100,637) - Economic Development 544,216 241,370 20,884 - (281,962) - (281,962) - Interest on long-term Debt 831,105 - - - (831,105) - (831,105) -

Total governmental activities 12,918,079 883,756 913,856 58,063 (11,062,404) - (11,062,404) -

Business-type activitiesWater 1,946,369 3,035,444 - - - 1,089,075 1,089,075 - Wastewater 1,543,600 2,188,522 - - - 644,922 644,922 - Sanitation 1,638,259 2,635,464 - - - 997,205 997,205 - Electric 13,986,355 18,474,486 - - - 4,488,131 4,488,131 - Airport 418,976 121,103 - 64,046 - (233,827) (233,827) -

Total business-type activities 19,533,559 26,455,019 - 64,046 - 6,985,506 6,985,506 -

Total primary government 32,451,638$ 27,338,775$ 913,856$ 122,109$ (11,062,404) 6,985,506 (4,076,898) - Component Units

Culture and Recreation 579,350$ 182,936$ 113,376$ -$ (283,038) Economic Development 68,385 219,497 - - 151,112

Total component units 647,735$ 402,433$ 113,376$ -$ (131,926)

General revenues:Taxes:

Sales and use taxes 7,396,525 - 7,396,525 - Property tax 16,489 - 16,489 - Franchise and public service taxes 314,266 - 314,266 - Hotel/motel taxes 157,633 - 157,633 -

Investment income 19,536 138,385 157,921 138 Miscellaneous 283,955 1,388 285,343 -

Transfers - internal activity 3,186,741 (3,186,741) - - Total general revenues and transfers 11,375,145 (3,046,968) 8,328,177 138

Change in net position 312,741 3,938,538 4,251,279 (131,788) Net position - beginning, restated 8,872,105 21,327,905 30,200,010 9,549,732 Net position - ending 9,184,846$ 25,266,443$ 34,451,289$ 9,417,944$

Program RevenueNet (Expense) Revenue and Changes in Net Position

Primary Government




21

BASIC FINANCIAL STATEMENTS - GOVERNMENTAL FUNDS



22

Governmental Funds Balance Sheet - June 30, 2020

General Fund

Street and Stadium Project

Fund

Other Governmental

Funds

Total Governmental

FundsASSETSCash and cash equivalents 1,362,469$ 692,743$ 5,913,873$ 7,969,085$ Investments 1,996 - 34,235 36,231 Receivables: Accounts receivable 130,732 - 88,372 219,104 Due from other funds 87,808 - 45,061 132,869 Due from other governments and entities 871,836 169,605 70,125 1,111,566 Other receivables 7,500 - - 7,500

Total assets 2,462,341$ 862,348$ 6,151,666$ 9,476,355$

LIABILITIES, DEFERRED INFLOWS AND FUND BALANCESLiabilities:

Accounts payable and accrued liabilities 121,814$ 77,563$ 687,862$ 887,239$ Wages payable 343,154 - 8,264 351,418 Due to other funds 66,005 - 38,404 104,409

Total liabilities 530,973 77,563 734,530 1,343,066

DEFERRED INFLOWS OF RESOURCESDeferred revenue 92,496 - 55,410 147,906

Fund balances:Restricted 23,213 784,785 1,025,940 1,833,938 Commited - - 999,284 999,284 Assigned 1,126,161 - 2,687,407 3,813,568 Unassigned (deficit) 689,498 - 649,095 1,338,593

Total fund balances 1,838,872 784,785 5,361,726 7,985,383 Total liabilities, deferred inflows and fund balances 2,462,341$ 862,348$ 6,151,666$ 9,476,355$




23

Governmental Funds Statement of Changes in Fund Balances – Year Ended June 30, 2020

General Fund

Street and Stadium

Project Fund

Other Governmental

Funds

Total Governmental

FundsREVENUESTaxes 5,908,875$ 1,198,399$ 602,442$ 7,709,716$ Intergovernmental 749,906 - 572,318 1,322,224 Charges for services 242,146 - 203,069 445,215 Fines and forfeitures 252,078 - - 252,078 Licenses and permits 74,674 - - 74,674 Investment income 15,527 3,292 717 19,536 Miscellaneous 463,168 3,790 64,417 531,375

Total revenues 7,706,374 1,205,481 1,442,963 10,354,818

EXPENDITURESCurrent:

General government 1,617,309 - 29,878 1,647,187 Public Safety 5,237,687 - 110,419 5,348,106 Public works and streets 1,519,390 326,214 649,953 2,495,557 Culture and recreation 1,223,444 - 379,423 1,602,867 Economic development 562,164 - - 562,164

Capital Outlay - - 2,688,557 2,688,557 Debt Service:

Principal 186,858 450,000 10,141 646,999 Interest and other charges 16,962 548,688 717 566,367

Total expenditures 10,363,814 1,324,902 3,869,088 15,557,804

Excess (deficiency) of revenues over expenditures (2,657,440) (119,421) (2,426,125) (5,202,986)

OTHER FINANCING SOURCES (USES)Transfers in 8,430,022 1,173,711 2,311,201 11,914,934 Transfers out (5,728,690) (1,167,851) (195,242) (7,091,783) Total other financing sources and uses 2,701,332 5,860 2,115,959 4,823,151

Net change in fund balances 43,892 (113,561) (310,166) (379,835)

Fund balances - beginning 1,794,980 898,346 5,671,892 8,365,218

Fund balances - ending 1,838,872$ 784,785$ 5,361,726$ 7,985,383$




24

Reconciliation of Governmental Funds and Government-Wide Financial Statements:

Total fund balance, governmental funds 7,985,383$

Amounts reported for governmental activities in the Statement of Net Position are different because:

Capital assets used in governmental activities are not current financial resources and therefore are not reported in this fund financial statement, but are reported in the governmental activities of the Statement of Net Position. 26,064,298

Certain long-term assets are not available to pay for current fund liabilities and, therefore, are deferred in the funds. 147,906

Certain other assets and long-term elements are not available to pay current period expenditures and are classified as deferred outflows and are not reported in this fund financial statement, but are reported in the governmental activities of the Statement of Net Position.

Net pension asset 25,191Pension related deferred outflows 1,959,634OPEB related deferred outflows 287,667Deferred amounts on refunding 369,858

Some liabilities are not due and payable in the current period and they, along with deferred inflows, are not included in the fund financial statement, but are included in the governmental activities of the Statement of Net Position:

Capital lease obligations (309,168) Interest payable (45,161) Net pension liability (5,822,044) Pension related deferred inflows (1,276,046) Total OPEB liability (1,677,323) OPEB related deferred inflows (773,761) Accrued compensated absences (539,734) Unamortized debt premium (185,865) Revenue bond payable (17,925,000)

Internal service funds are used by management to charge costs of certain activities that benefit multiple funds, such as self-insurance, to individual funds. The net position of the internal service funds are reported in governmental activities:

Internal service fund net position 899,011

Net Position of Governmental Activities in the Statement of Net Position 9,184,846$




25

Changes in Fund Balances – Changes in Net Position Reconciliation:

Net change in fund balances - total governmental funds: (379,835)$

Amounts reported for Governmental Activities in the Statement of Activities are different because:

Governmental funds report capital outlays as expenditures while governmental activities report depreciation expense to allocate those expenditures over the life of the assets: Capital asset purchases capitalized Depreciation expense (1,607,547)

In the Statement of Activities, the net cost of pension benefits earned is calculated and reported as pension expense. The fund financial statements report pension contributions as expenditures. This amount represents the difference between pension contributions and calculated pension expense. 126,579

Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds: Change in deferred revenue (328,279)

Bond proceeds provide current financial resources to governmental funds, but issuing debt increases long-term liabilities in the Statement of Net Position. Repayment of debt principal is an expenditure in the governmental funds, but the repayment reduces long-term liabilities in the Statement of Net Position: Capital lease principal payments 196,999 Revenue bond principal payments 450,000

Some expenses reported in the statement of activities do not require the use of current financial resources and these are not reported as expenditures in governmental funds: Change in accrued interest payable 751 Change in accrued compensated absences (14,387) Change in total OPEB liability (41,535) Change in amortization of bond premium 20,278 Change in amortization of unamortized gain/loss (88,766) Internal service fund activity is reported as a proprietary fund in fund financial statements, but certain net revenues are reported in governmental activities on the Statement of Activities:

Total change in net position for internal service funds 108,984

Change in net position of governmental activities 312,741$

1,869,499




26

BASIC FINANCIAL STATEMENTS - PROPRIETARY FUNDS



27

Proprietary Funds Statement of Net Position - June 30, 2020

MiamiSpecial Utility

Authority Airport Fund TotalInternal

Service FundsASSETS

Current assets: Cash and cash equivalents 3,369,018$ 52,347$ 3,421,365$ 1,987,793$ Cash and cash equivalents, restricted 7,701,972 - 7,701,972 - Investments 1,451,458 - 1,451,458 130,702 Accounts receivable, net 3,657,633 39,395 3,697,028 - Other receivable 436 31,282 31,718 395,349 Accrued interest receivable 809 - 809 - Inventory 1,277,240 25,294 1,302,534 - Due from other funds 29,755 30,128 59,883 208,585

Total current assets 17,488,321 178,446 17,666,767 2,722,429

Non-current assets: Cash and cash equivalents, restricted 1,195 - 1,195 - Investments, restricted 196,646 - 196,646 - Capital assets:

Land, construction in progress, and water rights 4,113,412 12,861 4,126,273 - Other capital assets, net of accumulated depreciation 16,463,189 4,013,878 20,477,067 - Total non-current assets 20,774,442 4,026,739 24,801,181 -

Total assets 38,262,763 4,205,185 42,467,948 2,722,429

DEFERRED OUTFLOW OF RESOURCESDeferred amounts related to pensions 541,454 (2,793) 538,661 - Deferred amounts related to OPEB 238,463 - 238,463 - Deferred amounts related to GRDA settlement 111,119 - 111,119 -

Total deferred outflow of resources 891,036 (2,793) 888,243 -

LIABILITIESCurrent liabilities:

Accounts payable and accrued liabilities 2,434,207 4,477 2,438,684 560 Claims liability - - - 624,826 Wages payable 167,753 2,113 169,866 - Due to other funds 86,495 1,848 88,343 208,585 Accrued interest payable 130,327 - 130,327 - Accrued compensated absences 16,344 84 16,428 - Refundable deposits 38,195 - 38,195 - Capital lease payable 329,194 - 329,194 - Revenue bond payable 635,000 - 635,000 - Notes payable 749,023 - 749,023 -

Total current liabilities 4,586,538 8,522 4,595,060 833,971

Non-current liabilities:Accrued compensated absences 148,151 751 148,902 - Net pension liability 1,763,490 - 1,763,490 - Total OPEB liability 1,092,568 - 1,092,568 - Refundable deposits 342,597 - 342,597 - Capital lease payable 189,261 - 189,261 - Revenue bond payable 7,362,908 - 7,362,908 - Notes payable, net 2,487,397 - 2,487,397 -

Total non-current liabilities 13,386,372 751 13,387,123 - Total liabilities 17,972,910 9,273 17,982,183 833,971

DEFERRED INFLOW OF RESOURCESDeferred amounts related to pensions 479,613 14,122 493,735 - Deferred amounts related to OPEB 603,277 - 603,277 -

Total deferred inflow of resources 1,082,890 14,122 1,097,012 -

NET POSITIONNet investment in capital assets 8,872,858 4,026,739 12,899,597 - Restricted for debt service 303,796 - 303,796 - Unrestricted 10,921,345 152,258 11,073,603 1,888,458

Total net position 20,097,999$ 4,178,997$ 24,276,996 1,888,458$

Some amounts reported for business-type activities in the Statement of Net Position are differentbecause certain internal service fund balances are included with business-type activities and 989,447$ reported as interfund balances Total net position per Government-Wide financial statements 25,266,443$

Enterprise Funds




28

Proprietary Funds Statement of Changes in Net Position - Year Ended June 30, 2020

Miami Special Utility Authority Airport Fund Total

Internal Service Fund

REVENUESCharges for services 25,567,880$ 120,414$ 25,688,294$ 1,907,802$ Fees, licenses and permits 132,409 - 132,409 - Miscellaneous 537,704 - 537,704 88,477

Total operating revenues 26,237,993 120,414 26,358,407 1,996,279

OPERATING EXPENSES Personal services 3,804,795 45,704 3,850,499 - Materials and supplies 10,326,374 52,044 10,378,418 - Other services and charges 3,191,935 30,409 3,222,344 502,187 Insurance claims and expense - - - 1,056,460 Depreciation expense 1,597,398 290,819 1,888,217 -

Total operating expenses 18,920,502 418,976 19,339,478 1,558,647

Operating income (loss) 7,317,491 (298,562) 7,018,929 437,632

NON-OPERATING REVENUES (EXPENSES) Investment income 138,385 - 138,385 2,872 Miscellaneous 109,006 689 109,695 - Interest expense and fiscal charges (359,843) - (359,843) -

Total non-operating revenue (expenses) (112,452) 689 (111,763) 2,872

Income (loss) before contrbutions and transfers 7,205,039 (297,873) 6,907,166 440,504

Contributed capital - 64,046 64,046 - Contributed assets- governmental activities 1,458,957 - 1,458,957 - Transfers in 6,657,933 53,050 6,710,983 - Transfers out (11,356,681) - (11,356,681) (177,453)

Change in net position 3,965,248 (180,777) 3,784,471 263,051

Total net position - beginning 16,132,751 4,359,774 20,492,525 1,625,407

Total net position - ending 20,097,999$ 4,178,997$ 24,276,996$ 1,888,458$

Change in net position above 3,784,471 Some amounts reported for business-type activities in the Statement of Activities are differencebecause the net revenue of certain internal service funds is reported with business-type activities 154,067

Change in Business-Type Activities in Net Position per Government-Wide Financial Statements 3,938,538$

Enterprise Funds




29

Proprietary Funds Statement of Cash Flows - Year Ended June 30, 2020

Miami

Special Utility Authority Airport Fund Total

Internal Service Fund

CASH FLOWS FROM OPERATING ACTIVITIESReceipts from customers 26,098,628$ 117,469$ 26,216,097$ 2,537,950$ Payments to suppliers (13,661,826) (76,771) (13,738,597) (501,627) Payments to employees (3,821,699) (45,538) (3,867,237) - Receipts from other funds 55,426 (59,944) (4,518) 208,585 Payments to other funds (326,859) - (326,859) (208,585) Receipts of customer meter deposits 169,465 - 169,465 - Refunds of customer meter deposits (204,485) - (204,485) - Claims and judgments paid - - - (1,742,257)

Net cash provided by (used in) operating activities 8,308,650 (64,784) 8,243,866 294,066

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIESTransfers from other funds 6,657,933 53,050 6,710,983 - Transfers to other funds (11,356,681) - (11,356,681) (177,453)

Net cash provided by (used in) noncapital financing activities (4,698,748) 53,050 (4,645,698) (177,453)

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIESCapital assets purchased (4,837,265) - (4,837,265) - Principal paid on debt (3,222,085) - (3,222,085) - Proceeds of capital grants - 64,046 64,046 - Premium on debt issued 129,341 - 129,341 - Proceeds from debt 1,911,350 - 1,911,350 - Interest and fiscal agent fees paid on debt (398,844) - (398,844) -

Net cash provided by (used in) capital and related financing activities (6,417,503) 64,046 (6,353,457) -

CASH FLOWS FROM INVESTING ACTIVITIESSale (Purchase) of investments (35,208) - (35,208) (2,872) Interest and dividends 138,385 - 138,385 2,872

Net cash provided by investing activities 103,177 - 103,177 -

Net increase in cash and cash equivalents (2,704,424) 52,312 (2,652,112) 116,613

Balances - beginning of year 13,776,609 35 13,776,644 1,871,180

Balances - end of year 11,072,185$ 52,347$ 11,124,532$ 1,987,793$

Reconciliation to Statement of Net Position:Cash and cash equivalents 3,369,018$ 52,347$ 3,421,365$ 1,987,793$ Restricted cash and cash equivalents - current 7,701,972 - 7,701,972 - Restricted cash and cash equivalents - noncurrent 1,195 - 1,195 -

Total cash and cash equivalents, end of year 11,072,185$ 52,347$ 11,124,532$ 1,987,793$

Reconciliation of operating income (loss) to net cash provided by (used in) operating activities:

Operating income (loss) 7,317,491$ (298,562)$ 7,018,929$ 437,632$ Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities:

Depreciation expense 1,597,398 290,819 1,888,217 - Other nonoperating revenue 109,006 689 109,695 -

Change in assets and liabilities:Receivables, net (248,371) (3,634) (252,005) 541,671 Other receivable - - - - Due from other funds (326,859) - (326,859) (208,585) Inventory (273,111) 6,946 (266,165) - Deferred outflows related to pension 46,536 9,652 56,188 - Deferred outflows related to OPEB (197,528) - (197,528) - Deferred outflows related to GRDA Settlement 15,893 15,893 - Accounts payable 113,701 (1,264) 112,437 560 Claims liability - - - (685,797) Due to other funds 55,426 (59,944) (4,518) 208,585 Due to employees 48,477 238 48,715 - Refundable deposits (35,020) - (35,020) - Total OPEB liability 53,007 - 53,007 - Net pension liability (156,131) - (156,131) - Accrued compensated absences 39,052 (72) 38,980 - Deferred inflows related to pension (3,969) (9,652) (13,621) - Deferred inflows related to OPEB 153,652 - 153,652 -

Net cash provided by (used in) operating activities 8,308,650$ (64,784)$ 8,243,866$ 294,066$

Noncash activities:Assets contributed by governmental activities 1,458,957$ -$ 1,458,957$ -$ Asset acquired by capital lease 285,663 - 285,663 -

1,744,620$ -$ 1,744,620$ -$

Enterprise Funds




30

BASIC FINANCIAL STATEMENTS – DISCRETELY PRESENTED COMPONENT UNITS



31

Discretely Presented Component Units Combining Statement of Net Position - June 30, 2020

MCFA MDRA MIDA MIPFA Total

ASSETS

Current assets: Cash and cash equivalents 176,253$ 19,353$ 259,978$ 172,123$ 627,707$ Other receivable 8,265 - - - 8,265

Total current assets 184,518 19,353 259,978 172,123 635,972

Non-current assets: Capital assets:

Land, construction in progress, and water rights - - 102,571 248,221 350,792 Other capital assets, net of accumulated depreciation 7,737,067 5,049 725,632 307,158 8,774,906 Total non-current assets 7,737,067 5,049 828,203 555,379 9,125,698

Total assets 7,921,585 24,402 1,088,181 727,502 9,761,670


Accounts payable and accrued liabilities 4,043 1,701 1,600 1,792 9,136 Accrued interest on notes payable - - 1,975 - 1,975 Notes payable - - 332,615 - 332,615

Total liabilities 4,043 1,701 336,190 1,792 343,726

NET POSITIONNet investment in capital assets 7,737,066 5,050 495,588 555,379 8,793,083 Unrestricted 180,476 17,651 256,403 170,331 624,861

Total net position 7,917,542$ 22,701$ 751,991$ 725,710$ 9,417,944$




32

Discretely Presented Component Units Combining Statement of Changes in Net Position - Year Ended June 30, 2020

MCFA MDRA MIDA MIPFA Total

REVENUES

Charges for services 33,144$ 139,792$ 71,774$ 63,964$ 308,674$ Miscellaneous - 10,000 1,356 - 11,356

Total operating revenues 33,144 149,792 73,130 63,964 320,030

OPERATING EXPENSES Personal services - 94,054 - - 94,054 Materials and supplies - 24,849 350 - 25,199 Other services and charges 66,466 139,759 2,560 3,348 212,133 Depreciation expense 251,697 2,525 20,727 28,713 303,662

Total operating expenses 318,163 261,187 23,637 32,061 635,048

Operating income (loss) (285,019) (111,395) 49,493 31,903 (315,018)

NON-OPERATING REVENUES (EXPENSES)

Investment income - - 1 137 138 Miscellaneous income 493 112,883 - - 113,376 Gain on sale of assets - - 82,403 - 82,403 Interest expense and fiscal charges - - (12,687) - (12,687)

Total non-operating revenue (expenses) 493 112,883 69,717 137 183,230

Change in net position (284,526) 1,488 119,210 32,040 (131,788)

Total net position - beginning 8,202,068 21,213 632,781 693,670 9,549,732

Total net position - ending 7,917,542$ 22,701$ 751,991$ 725,710$ 9,417,944$




33

FOOTNOTES TO BASIC FINANCIAL STATEMENTS



34

Footnotes to the Basic Financial Statements:

1. Financial Reporting Entity

In determining the financial reporting entity, the City uses the integrated approach as prescribed by Governmental Accounting Standards Board Statements No. 14 “The Financial Reporting Entity”, and Statement No. 61, “The Financial Reporting Entity: Omnibus”, and includes all component units for which the City is financially accountable/fiscally responsible. The City’s financial reporting entity primary government presentation includes the City of Miami and the certain component units as follows:

The City of Miami – that operates the public safety, health and welfare, streets and highways, culture and recreation, and administrative activities. The City of Miami is an incorporated municipality with a population of approximately 13,570 located in northeastern Oklahoma. The City operates under a council-manager form of government with a charter that provides for three branches of government:

Legislative – the governing body includes an elected five-member City Council and Mayor Executive – the City Manager is the Chief Executive Officer and is appointed by the City Council Judicial – the Municipal Judge is a practicing attorney appointed by the City Council

Blended Component Units (separate legal entities for which the City Council is fiscally responsible, and for which the City Council members serve as the trustees/governing body of the entity):

Miami Special Utility Authority (MSUA) – public trust that operates the electric, water, wastewater, and solid waste/sanitation services of the City. Miami Development Authority (MDA) – public trust created to promote the development of housing in Miami.

Discretely Presented Component Units (separate legal entities for which the City Council is fiscally responsible, but appoints a separate governing body):

Miami Downtown Redevelopment Authority (MDRA) – public trust created to promote the redevelopment of the downtown area. The Authority does not issue separate financial statements. Miami Industrial and Public Facilities Authority (MIPFA) – public trust that promotes the use of facilities in the City of Miami area. The Authority does not issue separate financial statements. Miami Community Facilities Authority (MCFA) – public trust that promotes the development of commerce, housing, recreation, education and public facilities within the city. The Authority does not issue separate financial statements.

Miami Industrial Development Authority (MIDA) – public trust that promotes industry in and around the City of Miami. Complete financial statements can be obtained from the office of the City Clerk. MIDA’s fiscal year end is July 31.

Miami Education Facilities Authority (MEFA) – public trust that promotes the development of educational facilities within the city. The trust is currently inactive.



35

Each of these component units listed above are Public Trusts established pursuant to Title 60 of Oklahoma State law. Public Trusts (Authorities) have no taxing power. The Authorities are generally created to finance City services through issuance of revenue bonds or other non-general obligation debt and to enable the City Council to delegate certain functions to the governing body (Trustees) of the Authority. In accordance with state law, the City Council must approve, by two-thirds vote, all debt obligations of these public trusts prior to incurring the obligation. The Authorities generally retain title to assets which are acquired or constructed with Authority debt or other Authority generated resources. In addition, the City has leased certain existing assets at the creation for the Authorities to the Trustees on a long-term basis. The City, as beneficiary of the Public Trusts, receives title to any residual assets when a Public Trust is dissolved.

2. Basis of Presentation and Accounting

This annual report is presented in a format that substantially meets the presentation requirements of the Governmental Accounting Standards Board (GASB) in accordance with generally accepted accounting principles. The presentation includes financial statements that communicate the City’s financial condition and changes therein at two distinct levels:

The City as a Whole (a government-wide presentation) The City’s Funds (a presentation of the City’s major and aggregate non-major funds)

Government-Wide Financial Statements: In the Statement of Net Position and the Statement of Activities, we divide the City into three kinds of activities: Governmental activities - Most of the City’s basic services are reported here, including the police, fire, general administration, streets, parks and recreation. Sales taxes, franchise fees, fines, and state and federal grants finance most of these activities. Business-type activities – Services where the City charges a fee to customers to help it cover all or most of the cost of these services it provides. The City’s airport, water, sewer, electric and sanitation systems activities are reported here.

Discretely presented component units -- Accounts for various activities related to economic development, facility management, facility construction, and downtown development. The Statements of Net Position and Activities are reported on the accrual basis of accounting and economic resources measurement focus. Under the accrual basis of accounting, revenues are recognized when earned and expenses (including depreciation and amortization) are recorded when the liability is incurred or economic asset used. Fund Financial Statements:

Governmental Funds: Most of the City’s basic services are reported in governmental funds, which focus on how money flows into and out of those funds and the balances left at year-end that are available for spending. Governmental



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funds report their activities on the modified accrual basis of accounting and current financial resources measurement focus that is different from other funds. For example, these funds report the acquisition of capital assets and payments for debt principal as expenditures and not as changes to asset and debt balances. The governmental fund statements provide a detailed short-term view of the City’s general government operations and the basic services it provides. Governmental fund information helps you determine (through a review of changes to fund balance) whether there are more or fewer financial resources that can be spent in the near future to finance the City’s programs. The City’s governmental funds include: Major Funds:

General Fund – accounts for all activities not accounted for in other special-purpose funds. For reporting purposes the General Fund includes the activities of the Municipal Court Account, Drug & Safety Account, Travel Center Account, MCVB & Tourism Account, and Demolition Account. The General Fund’s major funding source is a three cent sales tax, franchise fees, hotel/motel tax, and miscellaneous charges for services.

Street and Stadium Project Fund – is a capital project fund that accounts for a .65 cent sales tax restricted for streets and other capital projects.

Aggregated Non-Major Funds (reported as Other Governmental Funds):

Special Revenue Funds include the Fishing License Fund, Street and Alley, Drug Forfeiture Fund, Summer Recreation Program, Grant Fund, RFC 07-09 Grant, MDA Housing Construction, and Police Grant.

Debt Service Funds – accounts for ad-valorem taxes levied by the City for use in retiring court-assessed judgments, general obligation bonds, and their related interest expenses.

Capital Project Funds: Pool Improvements Fund accounts for recreation fees used to rehabilitate the municipal pool. Parks Department Projects accounts for general obligation bond proceeds used to acquire,

construct, and equip city park and recreation facilities. Main Street Project accounts for projects related to the revitalization of Main Street. Capital Improvement Fund accounts for use tax used for city capital projects for various

departments. Cemetery Perpetual Care Fund accounts for cemetery fees that are restricted for capital

improvements.

The governmental funds are reported on the modified accrual basis of accounting. On the modified accrual basis of accounting, revenues are recorded when earned and measurable and available to pay current financial obligations, while expenditures are recorded when incurred and normally due and payable from current financial resources. The City defines revenue availability as collected within 60 days of period end.

The reconciliation of the governmental funds financial statements to the governmental activities presentation in the government-wide financial statements is the result of the use of the accrual basis of accounting and economic resources measurement focus at the government-wide level.



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Proprietary Funds: When the City charges customers for the services it provides, these services are generally reported in proprietary funds. Proprietary funds include enterprise funds and internal service funds. Enterprise funds are used to account for business-like activities provided to the general public. Internal service funds are used to account for business-like activities provided to other funds or departments of the City. Proprietary funds are reported on the accrual basis of accounting and economic resources measurement focus. For example, proprietary fund capital assets are capitalized and depreciated and principal payments on long-term debt are recorded as a reduction to the liability. The City’s proprietary funds include the following: Enterprise Funds Major Funds:

Miami Special Utility Authority (MUSA) that accounts for the activities of the public trust in providing water, sewer, electric, and sanitation/solid waste services to the public.

Airport Fund accounts for activities of the municipal airport. Internal Service Funds (combined for reporting purposes)

Group Insurance Fund that accounts for the cost of providing various group health and life insurance services to other funds and departments of the City.

Workers Compensation Fund that accounts for the cost of providing workers compensation insurance to the other funds and departments of the City.

Unemployment Compensation Reimbursement that accounts for the cost of providing unemployment benefits.

3. Cash and Cash Equivalents, Deposits and Investments

Cash and cash equivalents includes all demand and savings accounts, certificates of deposit or short-term investments with an original maturity of three months or less, and money market investments. Trust account investments in open-ended mutual fund shares are also considered cash equivalents. Investments consist of long-term certificates of deposits and government money market funds. Certificates of deposit are reported at cost. Deposits and Investments Risks The City of Miami primary government and component units are governed by the deposit and investment limitations of state law and trust indentures. The deposits and investments held at June 30, 2020 by these entities are as follows:



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Fair Credit On Less

Type Value Rating Demand Than One

Demand deposits 13,112,661$ N/A 13,112,661$ -$

Cash on hand 3,345 N/A 3,345 -

T ime deposits 1,815,037 N/A - 1,815,037

Money Market Funds 7,965,404 Not rated - 7,965,404

Sub-Total 22,896,447$ 13,116,006$ 9,780,441$

Reconciliation to Financial Statements:

Cash and cash equivalents 21,081,410$

Investments 1,815,037

22,896,447$

Maturit ies in Years

GASB Statement No. 72, Fair Value Measurement and Application, established a hierarchy based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs. The City has the following recurring fair value measurements as of June 30, 2020: • Money Market Mutual Funds of $7,965,404 were valued using quoted market prices (Level 1 inputs). Custodial Credit Risk – Exposure to custodial credit risk related to deposits exists when the City holds deposits that are uninsured and uncollateralized; collateralized with securities held by the pledging financial institution, or by its trust department or agent but not in the City’s name; or collateralized without a written or approved collateral agreement. Exposure to custodial credit risk related to investments exists when the City holds investments that are uninsured and unregistered, with securities held by the counterparty or by its trust department or agent but not in the City’s name. The City’s policy as it relates to custodial credit risk is to secure its uninsured deposits with collateral, valued at no more than market value, at least at a level of 102% of the uninsured deposits and accrued interest thereon. The City’s policy limits acceptable collateral to U.S. Treasury securities, federally insured obligations, or direct debt obligations of municipalities, counties, and school districts in Oklahoma. Also, as required by Federal 12 U.S.C.A., Section 1823(e), all financial institutions pledging collateral to the City must have a written collateral agreement approved by the board of directors or loan committee. At June 30, 2020, the City was not exposed to custodial credit risk. Component Unit: The bank deposits of the MDRA component unit of $19,353 at June 30, 2020 were fully insured by the F.D.I.C. The bank deposits of the MCFA component unit of $176,253 at June 30, 2020 were fully insured by the F.D.I.C. The bank deposits of the MIPFA component unit of $172,123 at June 30, 2020 were fully insured by the F.D.I.C. The bank deposits of the MIDA component unit of $259,978 at June 30, 2020 were uninsured by $12,856.



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Investment Credit Risk – The City’s investment policy limits investments, excluding retirement trust fund investments, to the following: a. Obligations of the U. S. Government, its agencies and instrumentalities; b. Collateralized or insured non-negotiable certificates of deposit or other evidences of deposit that are

either insured or secured with acceptable collateral with an in-state financial institution, and fully insured deposits in out-of-state institutions;

c. Insured or fully collateralized negotiable certificates of deposit; d. Repurchase agreements that have underlying collateral consisting of those items specified in paragraph

a above; and e. Money market funds regulated by the SEC and in which investments consist of the investments

mentioned in the previous paragraph a. Investment credit risk is the risk that an issuer or other counterpart to an investment will not fulfill its obligations. The City has no formal policy limiting investments based on credit rating, but discloses any such credit risk associated with their investments by reporting the credit quality ratings of investments in debt securities as determined by nationally recognized statistical rating organizations—rating agencies—as of the year end. Unless there is information to the contrary, obligations of the U.S. government or obligations explicitly guaranteed by the U.S. government are not considered to have credit risk and do not require disclosure of credit quality. Investment Interest Rate Risk – Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. The City discloses its exposure to interest rate risk by disclosing the maturity dates of its various investments by date range. As noted in the schedule of deposits and investments above, at June 30, 2020, the investments held by the City mature between 2020 through 2021. Concentration of Investment Credit Risk - Exposure to concentration of credit risk is considered to exist when investments in any one issuer represent a significant percent of total investments of the City (any over 5% are disclosed). No concentration of credit risk existed as of June 30, 2020. Restricted Cash and Investments The amounts reported as restricted assets of the Enterprise Funds on the Statement of Net Position are comprised of amounts held by the MSUA Enterprise Fund in accounts for the Oklahoma Water Resources Board promissory notes, 2001 Utility Revenue Bond and other accounts with restricted uses. The restricted assets as of June 30, 2020 are as follows:

Cash and cash equivalents:

Cash Restricted for Refundable deposits 49,524$ Money Markets Restricted for Debt Service 7,652,448

7,701,972$

Cash and cash equivalents, noncurrent:Cash Restricted for Refundable deposits 1,195

1,195$

Investments:Refundable deposits 196,646$

196,646$



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4. Receivables Material receivables in the governmental fund types and the governmental activities include revenue accruals such as court fines and economic development loans. These are reported as Due From Other Governments. Non-exchange transactions collectible but not available are deferred in the fund financial statements. Allowances for uncollectible accounts receivable are based upon historical trends and the periodic aging of accounts receivable. Business-type activities and the proprietary type fund consist of revenues earned at year-end and not yet received. Billed and unbilled utility accounts receivable comprise the majority of these receivables. Allowances for uncollectible accounts receivable are based upon historical trends and the periodic aging of accounts receivable.

Less: Allowance Net

Accounts for Uncollectible Accounts

Receivable Accounts Receivable

Governmental Activities:

Taxes 1,188,266 -$ 1,188,266$

Court fines 557,375 (444,247) 113,128

Other 432,125 - 432,125

Total Governmental Activities 2,177,766$ (444,247)$ 1,733,519$

Reconciliation to Statement of Net Position:

Accounts receivable, net 217,354$

Due from other governmental agencies 1,111,566

Other receivable 404,599

Total 1,733,519$

Business-Type Activities:

Utilities 5,725,286$ (2,028,258)$ 3,697,028$

5. Inventories Inventories are valued at average cost. Inventories in the proprietary funds relate to fuel at the airport and material and supplies for the water, wastewater and electric systems. The cost of proprietary funds inventories are recorded as expenses when consumed rather than when purchased. 6. Capital Assets and Depreciation

Capital Assets: For the primary government and component units, capital assets are reported at actual or estimated historical cost, net of accumulated depreciation where applicable. Donated capital assets are reported at their fair



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value at date of donation. Estimated historical cost was used to value the majority of the capital assets acquired prior to June 30, 1992. The capitalization threshold is capital assets with a cost of $10,000 or more.

For the year ended June 30, 2020, capital assets balances changed as follows:

Restated

Balance at Transfers/ Balance at

July 1, 2019 Additions Deductions June 30, 2020

PRIMARY GOVERNMENT:

Governmental activities:

Capital assets not being depreciated:

Land 4,601,374$ -$ -$ 4,601,374$

Construction in progress 1,233,933 1,450,626 1,775,389 909,170

Total capital assets not being depreciated 5,835,307 1,450,626 1,775,389 5,510,544

Other capital assets:

Buildings 22,666,999 513,503 - 23,180,502

Infrastructure 43,399,955 1,461,676 - 44,861,631

Machinery, furniture and equipment 11,347,703 219,083 - 11,566,786

Total other capital assets at historical cost 77,414,657 2,194,262 - 79,608,919

Less accumulated depreciation for:

Buildings 16,109,963 345,890 - 16,455,853

Infrastructure 32,158,844 829,563 - 32,988,407

Machinery, furniture and equipment 9,178,811 432,094 - 9,610,905

Total accumulated depreciation 57,447,618 1,607,547 - 59,055,165

Other capital assets, net 19,967,039 586,715 - 20,553,754

Governmental activities capital assets, net 25,802,346$ 2,037,341$ 1,775,389$ 26,064,298$

Balance at Transfers/ Balance at


Business-type activities:


Land 755,050$ 10,000$ -$ 765,050$

Construction in progress 1,735,605 4,895,996 3,270,378 3,361,223

Total capital assets not being depreciated 2,490,655 4,905,996 3,270,378 4,126,273


Buildings and utility infrastructure 21,098,912 - - 21,098,912

Machinery, furniture and equipment 17,672,645 1,114,209 18,786,854

Infrastructure 20,458,336 3,832,058 - 24,290,394

Total other capital assets at historical cost 59,229,893 4,946,267 - 64,176,160


Buildings and utility infrastructure 12,359,902 489,266 - 12,849,168

Machinery, furniture and equipment 13,359,675 846,761 14,206,436

Infrastructure 16,091,299 552,190 - 16,643,489

Total accumulated depreciation 41,810,876 1,888,217 - 43,699,093

Other capital assets, net 17,419,017 3,058,050 - 20,477,067

Business-type activities capital assets, net 19,909,672$ 7,964,046$ 3,270,378$ 24,603,340$

Depreciation: Depreciable capital assets are depreciated on a straight-line basis over their useful lives. The range of estimated lives by type of assets is as follows:

Buildings 25-50 years



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Improvements other than buildings 20-50 years Utility property and improvements 15-50 years Infrastructure 15-50 years Machinery, furniture, and equipment 3–10 years

Depreciation of capital assets is included in total expenses and is charged or allocated to the activities primarily benefiting from the use of the specific asset. Depreciation expense has been allocated as follows:

Governmental Activities:General Government 256,938$ Public Safety 143,469 Streets 894,815 Culture and Recreation 312,175 Economic Development 150

Total 1,607,547$

Business-Type Activities:Airport 290,819$ Electric 535,098 Water 389,542 Wastewater 424,810 Sanitation 247,948

Total 1,888,217$

Capital assets of the component units were:

MIDA

Balance at Balance at

August 1, 2019 Additions Deductions July 31, 2020

MIDA - Discreetly Presented Component unit


Land 103,517$ -$ 946$ 102,571$

Total capital assets not being depreciated 103,517 - 946 102,571


Buildings and utility infrastructure 1,036,353 - - 1,036,353 Less accumulated depreciation for:

Buildings and utility infrastructure 289,993 20,728 - 310,721

Other capital assets, net 746,360 (20,728) - 725,632

MIDA capital assets, net 849,877$ (20,728)$ 946$ 828,203$



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MDRA



MDRA - Discreetly Presented Component unit


Buildings 6,500 - - 6,500

Machinery, furniture and equipment 18,756 - - 18,756

Total other capital assets at historical cost 25,256 - - 25,256


Buildings 4,550 - - 4,550

Machinery, furniture and equipment 13,132 2,525 15,657

Total accumulated depreciation 17,682 2,525 - 20,207


MDRA capital assets, net 7,574$ (2,525)$ -$ 5,049$

MIPFA

Restated



MIPFA - Discreetly Presented Component unit


Land 248,221$ -$ -$ 248,221$

Total capital assets not being depreciated 248,221 - - 248,221


Buildings 570,924 - - 570,924

Machinery, furniture and equipment 185,585 - - 185,585

Total other capital assets at historical cost 756,509 - - 756,509


Buildings 334,268 19,680 - 353,948

Machinery, furniture and equipment 86,371 9,032 - 95,403

Total accumulated depreciation 420,639 28,712 - 449,351


MIPFA capital assets, net 584,091$ (28,712)$ -$ 555,379$

MCFA



MCFA - Discreetly Presented Component unit


Buildings 8,851,209 - - 8,851,209


Buildings 862,445 251,697 - 1,114,142

Other capital assets, net 7,988,764 (251,697) - 7,737,067

MCFA capital assets, net 7,988,764$ (251,697)$ -$ 7,737,067$



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7. Internal and Interfund Balances and Transfers

Internal and Interfund Balances: The City’s policy is to eliminate interfund receivable and payables between funds in the Statement of Net Position to avoid the grossing up of balances. Only the residual balances due between governmental and business-type activities are reported as internal balances and then offset in the total column.

Receivable Fund Payable Fund Amount Nature of Interfund Balance

General Fund * Airport Fund * 1,313 Payroll reimbursementGeneral Fund * MSUA * 86,495 Payroll reimbursementStreet and Alley Capital Improvement Fund 38,404 Expense reimbursementCapital Improvement Fund General Fund * 6,657 ReclassificationStreet and Alley Travel center 29,220 Posting correctionMSUA * Airport Fund * 535 Expense reimbursementAirport Fund * General Fund * 30,128 Posting correctionWorkers Compensation Fund Health Insurance Fund 208,585 deposit to the wrong fund Total 401,337$

* Denotes major fund.

Due From Due To Net InternalReconciliation to Fund Financial Statements: Other Funds Other Funds Balances Governmental Funds 132,869$ (104,409)$ 28,460$ Proprietary Funds 59,883 (88,343) (28,460) Internal Service Funds 208,585 (208,585) - Total 401,337$ (401,337)$ -$

Reconciliation to Statement of Net Position: Net Internal Balances (28,460)$ Internal Service Fund Activity reported in Business-type Activities 989,447 Net Internal Balance 960,987$

Internal and Interfund Transfers: The City’s policy is to eliminate interfund transfers between funds in the Statement of Activities to avoid the grossing up of balances. Only the residual balances transferred between governmental and business-type activities are reported as internal transfers and then offset in the total column. Internal activities between funds and activities for the year ended June 30, 2020 were as follows:



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Transfer In Transfer O ut Amount Nature of Interfund Transfer

* General Fund * MSUA 8,037,978$ Operating subsidy/pledged sales tax

* General Fund * MSUA 362,256 Operating subsidy

* General Fund * Street Project 1,167,851 Pledged sales tax

* Street Project * MSUA 1,173,711 Pledged sales tax

Street and alley * MSUA 143,500 A Operating subsidy

Pool Improvement Fund * General Fund 163,479 A Budgeted

Capital Improvement Fund * General Fund 40,900 A Operating subsidy

Capital Improvement Fund * MSUA 707,366 A Capital project

* General Fund Street and Alley 29,788 B Operating subsidy

Grant Fund * MSUA 931,870 A Budgeted

Grant Fund Capital Improvement Fund 47,105 A.B Budgeted

Grant Fund Cemetery Fund 17,254 A.B Grant matching

Grant Fund Workers Compensation Fund 124,403 A Operating subsidy

Grant Fund RFC 07-09 Grant Fund 1,095 A.B Fund closure

Airport Workers Compensation Fund 53,050

Airport Capital Improvement Fund 100,000 B Budgeted

Grant Fund * General Fund 134,229 A Budgeted

MSUA * General Fund 5,390,082 Operating subsidy/pledged sales tax

18,625,917$

* Denotes Major Fund Subtotal non-major Govermental Funds transfers in 2,311,201$ A

Subtotal non-major Govermental Funds transfers out 195,242$ B

Transfers to Transfers from Net

Reconciliation to fund financial statements: Other Funds Other Funds Transfers

Governmental Funds (7,091,783)$ 11,914,934$ 4,823,151$

Enterprise Funds (11,356,681) 6,710,983 (4,645,698)

Internal Service Funds (177,453) - (177,453)

Totals (18,625,917)$ 18,625,917$ -$

Reconciliation to Statement of Activities: Net Transfers (4,645,698)$ T ransfer of assets from Governmental Activities to Business Type Activities 1,458,957 Transfers - Internal Activity (3,186,741)$

8. Long-Term Debt

The City’s long term debt consists of revenue bonds and notes, capital lease obligations, accrued compensated absences and long-term deposits subject to refund. For the year ended June 30, 2020, the City’s long-term debt balances changed as follows: Primary Government:

Balance Balance Due WithinType of Debt July 1, 2019 Additions Deductions June 30, 2020 One Year

Governmental Activities: Revenue Bond Premium 206,143$ -$ 20,278$ 185,865$ -$ Revenue Bonds 18,375,000 - 450,000 17,925,000 455,000 Capital Lease Obligations 506,167 - 196,999 309,168 282,806 Accrued Compensated Absences 525,345 14,389 - 539,734 53,974

Total Governmental Activities 19,612,655$ 14,389$ 667,277$ 18,959,767 791,780

Plus: Total OPEB liability 1,677,323 - Net pension liability 5,822,044 -

26,459,134$ 791,780$

Reconcilation to Statement of Net Position:Due within one year 791,780$ Due in more than one year 25,667,354

26,459,134$



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Balance Balance Due Within

Type of Debt July 1, 2019 Additions Deductions June 30, 2020 One Year

Business-Type Activities: Notes Payable - Direct borrowings 3,483,365$ 1,911,350$ 2,256,594$ 3,138,121$ 749,023$ Unamortized Bond Premium (Discount) (3,567) 129,341 29,567 96,207 - Revenue Bonds 8,615,000 - 615,000 8,000,000 635,000 Capital Lease Obligations 583,283 285,663 350,491 518,455 329,194 Accrued Compensated Absences 126,350 38,980 - 165,330 16,428

Total Business-Type Activities 12,804,431$ 2,365,334$ 3,251,652$ 11,918,113 1,729,645

Plus: Total OPEB liability 1,092,568 - Net pension liability 1,763,490 - Refundable deposits 380,792 38,195

15,154,963$ 1,767,840$

Reconcilation to Statement of Net Position:Due within one year 1,767,840$ Due in more than one year 13,387,123

15,154,963$

Governmental activities long-term debt payable from property tax levies or other governmental revenues includes the following: Revenue Bond Payable – 2016 Sales Tax Revenue Bond for $19,375,000 with interest from .45% to 2.375% Debt service payments are due semi-annually through December 2046. Bonds are secured with net revenues of the Special Utility Authority and a pledged sales tax. $17,925,000

Current portion $455,000 Non-current portion 17,470,000 $17,925,000 Capital Lease Obligations:

$90,154 capital lease obligation for the purchase of a crawler/dozer, matures September 2021 with a stated interest rate of 3.81%. $13,162

$993,730 capital lease obligation for the purchase of fire trucks, matures July 2020 with a stated interest rate of 5.00% 233,027 $102,111 capital lease obligation for the purchase of police cars, matures September 2020 with a stated interest rate of 2.66%. 8,224 $149,481 capital lease obligation for the purchase of fire rescue truck, matures March 21,2022 with a stated interest rate of 3.01%. 54,755 Total capital lease obligations $309,168

Current portion $282,806 Non-current portion 26,362 $309,168



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Business-type activities long-term debt payable from net revenues generated by and taxes pledged to the City’s business-type activities include the following: Capital Lease Obligation: $44,900 capital lease obligation for the purchase of a mini excavator, matures July 2021 with a stated interest rate of 1.95% $2,049 $285,663 capital lease obligation for the purchase of a digger derrick truck, matures July 2021 with a stated interest rate of 1.95% 208,870 $69,950 capital lease obligation for the purchase of a mini excavator, matures July 2021

with a stated interest rate of 1.95%. 3,192

$95,994 capital lease obligation for the purchase of a truck for water, matures August 2022 with a stated interest rate of 2.99%. 44,837

$362,837 capital lease obligation for the purchase of a refuse truck, matures June 2021 with a stated interest rate of 3.62%. 125,092

$86,408 capital lease obligation for the purchase of a tractor, matures July 2021 with a stated interest rate of 1.95%. 22,398

$197,131 capital lease obligation for the purchase of a roll-off truck, matures February 2022

with a stated interest rate of 3.98%. 112,017

Total Capital Leases $518,455 Current portion $329,194 Non-current portion 189,261 $518,455

Revenue Bond Payable – 2011 SUA Revenue Bond for $1,915,000 with interest from 1.45% to 2.90% Debt service payments are due semi-annually through December 2021. Bonds are secured with net revenues of the Special Utility Authority. $415,000 2018 Utility System Revenue Bond for $8,000,000 with interest from 3.5% to 4.0% Debt service payments are due semi-annually through August 2033. Bonds are secured with net revenues of the Special Utility Authority and a pledged sales tax. $7,585,000

Total Capital Leases $8,000,000

Current portion $635,000 Non-current portion 7,365,000 $8,000,000



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Notes Payable – Oklahoma Water Resources Board – Direct Borrowings:

2003A Note payable to Oklahoma Water Resources Board, dated December 31, 2003, original amount $1,760,000 with an annual administration fee of 0.5% due in semi-annual installments, with final payment due December 31, 2023 secured by and payable from utility revenues for sanitation, water, and sewer. Proceeds used for capital improvements related to waste water. In the event of default on the OWRB loans, the lender may: 1) file suit for specific performance of covenants contained in the agreement; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action in action of parties under provisions of the indenture, security agreement or lease agreement. $308,000

2004A Note payable to Oklahoma Water Resources Board, dated June 25, 2004, original amount $1,595,538 with an annual administration fee of 0.5% due in semi-annual installments, with final

payment due June 25, 2024 secured by and payable from utility revenues for water, sewer, and garbage collection and disposal system. Proceeds used for capital improvements related to waste water. In the event of default on the OWRB loans, the lender may: 1) file suit for specific

performance of covenants contained in the agreement; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action in action of parties under provisions of the indenture, security agreement or lease agreement.

319,108

2004C Note payable to Oklahoma Water Resources Board, dated October 26, 2004, original amount $1,620,,000 with interest rate of 3.0% and 0.5% annual administrative fee due in semi-annual installments, with final payment due October 26, 2024 secured by and payable from utility revenues for water, sewer, and garbage collection and disposal system. Proceeds used for capital improvement related to water. In the event of default on the OWRB loans, the lender may: 1) file suit for specific performance of covenants contained in the agreement; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action in action of parties under provisions of the indenture, security agreement or lease agreement. 501,047

2005 Note payable to Oklahoma Water Resources Board, dated September 15, 2005, original amount $563,000 with an annual administration fee of 0.5% due in semi-annual installments, with final

payment due September 15, 2025 secured by and payable from utility revenues for water, sewer, and garbage collection and disposal system. Proceeds used for capital improvements related to waste water. In the event of default on the OWRB loans, the lender may: 1) file suit for specific performance of covenants contained in the agreement; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action in action of parties under provisions of the indenture, security agreement or lease agreement.

168,616

2019 Note payable to Oklahoma Water Resources Board, dated July 15, 2019, original amount $1,830,000 with interest rate of 4.2% due in semi-annual installments, secured by and payable from utility revenues for water, sewer, and electric system, with final payment due September 15, 2023. This note is a current refunding of the outstanding portion of the Series 2003B note and the Series 2004B note, proceeds used for capital improvements related to water and sewer systems. In the event of default on the OWRB loans, the lender may: 1) file suit for specific performance of covenants contained in the agreement; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4)file suit to enforce or enjoin action in action of parties under provisions of the indenture, security agreement or lease agreement. 1,760,000



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CWSRF Note payable to Oklahoma Water Resources Board, dated September 1, 2019, original amount $4,450,000 with interest rate of 1.24% and 0.5% annual administrative fee due in semi-annual installments, secured by and payable from utility revenues for water, sewer, and garbage collection and disposal system, with final payment due March 15, 2041. Proceeds used for capital improvements related to improvements to the wastewater system. The MUSA has drawn $49,000 of the note as of June 30. In the event of default on the OWRB loans, the lender may: 1) file suit for specific performance of covenants contained in the agreement; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action in action of parties under provisions of the indenture, security agreement or lease agreement. 49,000 DWSRF Note payable to Oklahoma Water Resources Board, dated May 1, 2020, original amount $2,785,000 with interest rate of 1.51% and 0.5% administrative fee due in semi-annual

installments, secured by and payable from utility revenues for water, sewer, and garbage collection and disposal system, with final payment due March 15, 2042. Proceeds used for improvements for the drinking water treatment system drinking water project. The MUSA has drawn $32,350 of the note as of

June 30. In the event of default on the OWRB loans, the lender may: 1) file suit for specific performance of covenants contained in the agreement; 2) accelerate maturity; 3) gain control of operations through temporary trustees; or 4) file suit to enforce or enjoin action in action of parties under provisions of the indenture, security agreement or lease agreement. 32,350

Total Notes Payable – Oklahoma Water Resources Board $3,138,121

Current portion $749,023 Non-current portion 2,389,098 $3,138,121

Long-term debt service requirements to maturity are as follows:

Capital LeasesYear Ending June 30, Principal Interest Principal Interest

2021 455,000 537,388 282,806 2,524 2022 465,000 528,188 26,362 469 2023 475,000 518,788 - - 2024 485,000 509,188 - - 2025 495,000 499,388 - -

2025-2029 2,630,000 2,337,881 - - 2030-2034 - 2,188,250 - - 2035-2039 4,435,000 1,567,350 - - 2040-2044 3,925,000 889,125 - - 2045-2047 4,560,000 213,750 - -

Total 17,925,000$ 9,789,296$ 309,168$ 2,993$

Governmental-Type Activities

Revenue Bonds Payable



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Business-Type Activities

Notes Payable-Direct Borrowings Revenue Bonds Payable Capital Leases PayableYear Ending June 30, Principal Interest Principal Interest Principal Interest

2021 749,023 224,023 635,000 265,383 329,194 12,200 2022 805,477 171,673 660,000 242,370 167,797 3,171 2023 964,952 148,582 465,000 221,325 21,464 75 2024 1,229,897 124,340 485,000 202,725 - - 2025 1,021,086 102,480 500,000 188,175 - -

2026-2030 1,577,336 396,231 2,730,000 706,875 - - 2031-2035 1,626,250 266,293 2,525,000 224,700 - - 2036-2040 1,726,249 127,388 - - - - 2041-2042 591,500 12,054 - - - -

Amount to be drawn (7,153,649) - - - - -

Total 3,138,121$ 1,573,064$ 8,000,000$ 2,051,553$ 518,455$ 15,446$

MDRA Debt:

Balance Balance Due WithinType of Debt July 1, 2019 Additions Deductions June 30, 2020 One Year

Component Unit: Accrued Compensated Absences 156 - 156 - - Total MDRA 156$ -$ 156$ -$ -$

MIDA Debt (direct borrowings): The MIDA issued the 2005 note payable to the Miami Area Economic Development Services, Inc, payable in monthly Installments of $3,300 with interest at 5.00% maturity date of February 1, 2020 $181,267 The MIDA issued the 2005 note payable to the Miami Area Economic Development Services, Inc, payable in monthly Installments of $1,918, with interest of 1.25%, maturity date of February 1, 2020 116,935 The MIDA issued the 2005 note payable to the Miami Area Economic Development Services, Inc. payable in monthly Installments of $607, with interest of 4.00%, maturity date of February 1, 2020 34,413 Total debt outstanding – MIDA $332,615

Balance Balance Due WithinType of Debt August 1, 2019 Additions Deductions July 31, 2020 One Year

Component Unit:MIDA Note payable (direct borrowings) 389,487$ -$ 56,872$ 332,615$ 332,615$

Notes Payable - direct borrowingYear Ending June 30, Principal Interest

2021 332,615 8,936 Total 332,615$ 8,936$

Component Unit - MIDA



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Pledge of Future Revenues Utility Net Revenues Pledge - The City and Special Utility Authority have pledged net utility revenues of the water, electric and wastewater systems to repay the OWRB Series 2003 A, 2004 A, 2004C, 2005, and 2019 promissory notes payable. Proceeds from the notes provided financing for capital assets. The notes are payable from net utility revenues and are payable through 2025. The total principal and interest payable for the remainder of the life of these notes is $3,222,028. The 2019 note refinanced the 2003B and 2004 B notes. Net utility revenues received in the current year were $7,996,033. Debt service payments of $2,346,758 for the current fiscal year were 29.3% of pledged net utility revenues. Pledged Sales Tax – The City has pledged 3.65 cents (or 100%) of future sales tax revenues to repay $1,915,000 of the Series 2011 Revenue Bonds, $19,375,000 of the Series 2016 Sales Tax Revenue Refunding Bonds, and 8,000,000 of the Series 2018 Revenue Bonds. Three cents of the sales tax was voted by the citizens for general operations and .65 cent is legally restricted by a vote of the citizens for street and stadium purposes. The 2011 Revenue bonds are for water improvements. The 2016 bonds refinanced the 2010 bonds that were originally for street purposes and the 2013 bond anticipation note for the stadium construction. The .65 sales tax is used to pay the debt service on the 2016 bonds and the three cents is sent back to the general fund if not needed for debt service. The bonds are payable from pledged sales tax and net utility revenues and are payable through 2021, 2046 and 2033, respectively. The total principal and interest payable for the remainder of the life of these bonds is $37,765,849. Pledged sales taxes received in the current year were $5,390,082. Net revenues and sales tax pledged during the year was $13,386,115. Debt service payments of $1,895,288 for the current fiscal year were 14.2% of the pledged revenue. 9. Net Position and Fund Balances

Government-wide net position is displayed in three components:

a. Net investment in capital assets - Consists of capital assets including restricted capital assets, net

of accumulated depreciation and reduced by the outstanding balances of any bonds, mortgages, notes, or other borrowings that are attributable to the acquisition, construction, or improvements of those assets.

b. Restricted net position - Consists of net position with constraints placed on the use either by 1) external groups such as creditors, grantors, contributors, or laws and regulations of other governments, or 2) law through constitutional provisions or enabling legislation.

c. Unrestricted net position - All other net position that does not meet the definition of “restricted” or

“net investment in capital assets.” It is the City’s policy to first use restricted net position prior to the use of unrestricted net position when an expense is incurred for purposes for which both restricted and unrestricted net position are available. At June 30, 2020 net position restricted by enabling legislation totaled $268,385. Fund Balance: Governmental fund equity is classified as fund balance. Fund balance is further classified as nonspendable, restricted, committed, assigned and unassigned. These classifications are defined as:



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a. Nonspendable – includes amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact. b. Restricted – consists of fund balance with constraints placed on the use of resources either by (1) external groups such as creditors, grantors, contributors, or laws or regulations of other governments, or (2) laws through constitutional provisions or enabling legislation. c. Committed – included amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the city’s highest level of decision-making authority. The City’s highest level of decision-making authority is made by ordinance. d. Assigned – includes amounts that are constrained by the city’s intent to be used for specific purposes but are neither restricted nor committed. Assignments of fund balance may be made by city council action or management decision (city manager) when the city council has delegated that authority. Assignments for revenues in other governmental funds are made through budgetary process. e. Unassigned – represents fund balance that has not been assigned to other funds and has not been restricted, committed, or assigned to specific purposes within the General Fund. The City’s policy for the use of fund balance amounts require that committed amounts would be reduced first followed by assigned amounts and then unassigned amounts when expenditures are incurred for purposes for which amounts in any of those unrestricted fund balance classifications could be used. The following table shows the fund balance classifications as shown on the Governmental Funds Balance Sheet:

Major Capital Project Fund Other

General Street and Stadium GovernmentalFund Project Fund Fund Total

Fund Balance:Restricted For:

Police operations - grants -$ -$ 28,023$ 28,023$ General obligation debt service - 312,902 158,823 471,725 Capital improvements - - 393,528 393,528 Street improvements - 471,883 - 471,883 Culture and rec programs 23,213 - 340,177 363,390 Economic development - - 91,716 91,716 Police - drug programs - - 13,673 13,673

Sub-total restricted 23,213 784,785 1,025,940 1,833,938

Committed for:Street operations - - 999,284 999,284

Assigned for:Capital improvements - - 2,687,407 2,687,407 Demolition 192,644 - - 192,644 Culture and rec programs 13,772 - - 13,772 Supplement next year's budget 919,745 - - 919,745

Sub-total assigned 1,126,161 - 2,687,407 3,813,568

Unassigned: 689,498 - 649,095 1,338,593

TOTAL FUND BALANCE 1,838,872$ 784,785$ 5,361,726$ 7,985,383$

Beginning net positions was restated due to a an error in the calculation of construction in progess. Restatements were as follows:

Governmental Activities:Government-wide

Statement of Activities:Beginning net position as previously reported $8,112,890Adjustment for understatement of construction in progress 759,215 Beginning net position, restated $8,872,105



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11. Revenues

Program Revenues: Program revenues within the statement of activities that are derived directly from each activity or from parties outside of the City’s taxpayers are reported as program revenues. The City has the following program revenues in each activity:

Public Safety – Fire, Police, Court, Civil Defense, fire run charges, officer’s training charges for services, police sentinel charges for services, restricted operating grants, 911 revenue, court and restricted capital grants

Streets – Commercial vehicle and gasoline excise tax shared by the State Culture and recreation –pool fees, library fees, fishing permits, softball fees, recreation fees

operating and capital grants General Government – license and permits, fines and forfeitures, cemetery revenue, impact

fees, and operating grants Economic Development – rents, operating grants

All other governmental revenues are reported as general. All taxes are classified as general revenue even if restricted for a specific purpose. Sales Tax Revenue: Sales tax revenue represents a 3.65 cents tax on each dollar of taxable sales of which is collected by the Oklahoma Tax Commission and remitted to the City. The sales tax is deposited 3 cents in the general fund and .65 cents in the Street and Stadium Bond Project Fund. The entire sales tax initially reported in the General Fund is then transferred to the MSUA per the bond indenture pledge then transferred back to the appropriate funds. The .65 cents is legally restricted for street and stadium purposes by a vote of the citizens. Property Tax Revenue: In accordance with state law, a municipality may only levy a property tax to retire general obligation debt approved by the voters and to pay judgments rendered against the City. The City’s property taxes are billed and collected by the County and remitted to the City. Property taxes levied by the City are billed and collected by the County Treasurer's Office and remitted to the City in the month following collection. Property taxes are levied normally in October and are due in equal installments on December 31 and March 31. Property taxes unpaid for the fiscal year are attached by an enforceable lien on property in the following October. For the year ended June 30, 2020, the City did not assess a property tax. 12. Risk Management

The City is exposed to various risks of loss related to torts; theft of, damage to, or destruction of assets; errors and omissions; injuries to employees; employee health and life; and natural disasters. The City manages these various risks of loss as follows:

General Liability – Covered through purchased insurance Physical Property – Covered through purchased insurance with a $35,000 deductible.



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Workers’ Compensation – Workers’ compensation is covered through self-insurance using a third party processor to process claims. The City also has a stop-loss policy which covers individual claims in excess $400,000 for electric, police and firefighters and $350,000 for all other classes of employees per occurrence.

Employee’s Group Medical –Covered through self-insurance using a third party processor to process medical claims. The City uses the third party processor’s estimates to record group insurance claims payable. The City also has a stop-loss policy which covers individual claims in excess of $70,000.

Unemployment – the City is self-insured.

Management believes the insurance coverage listed above is sufficient to preclude any significant uninsured losses to the City. Settled claims have not exceeded this insurance coverage in any of the past two fiscal years.

Worker's Health UnemploymentCompensation Care Fund Total

Claim liability, June 30, 2018 2,085,719$ 292,264$ -$ 2,377,983$ Claims and changes in estimates 729,866 1,263,145 12,680 2,005,691 Claims payments (1,598,529) (1,461,842) (12,680) (3,073,051)Claim liability, June 30, 2019 1,217,056 93,567 - 1,310,623 Claims and changes in estimates (33,382) 1,071,708 20,676 1,059,002 Claims payments (680,431) (1,057,578) (6,790) (1,744,799)Claim liability, June 30, 2020 503,243$ 107,697$ 13,886$ 624,826$

13. Retirement Plan Participation

The following is a summary of the deferred outflows, deferred inflows and net pension liability by the various plans as of June 30, 2020:

Governmental Business Type Total

Deferred Outflows: Police Pension 491,310$ -$ 491,310$ Fire Pension 927,097 - 927,097 OkMRF 541,227 538,661 1,079,888 Total 1,959,634$ 538,661$ 2,498,295$

Deferred Inflows: Police Pension 140,547$ -$ 140,547$ Fire Pension 729,699 - 729,699 OkMRF 405,800 493,735 899,535 Total 1,276,046$ 493,735$ 1,769,781$

Net Pension Liability: Fire Pension 4,171,963 - 4,171,963 OkMRF 1,650,081 1,763,490 3,413,571 Total 5,822,044$ 1,763,490$ 7,585,534$

Net Pension Asset: Police Pension 25,191$ -$ 25,191$ Total 25,191$ -$ 25,191$



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Summary of Significant Accounting Policies

For purposes of measuring the net pension asset, net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Oklahoma Firefighters Pension & Retirement System (OFPRS), Oklahoma Police Pension & Retirement System (OPPRS) and Oklahoma Municipal Retirement Fund (OkMRF) and additions to/deductions from OFPRS, OPPRS and OkMRF’s fiduciary net position have been determined on the same basis as they are reported by OFPRS, OPPRS and OkMRF. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments held by these funds are reported at fair value. For purposes of measuring the total OPEB liability, deferred outflows of resources, and deferred inflows and OPEB expense for the single employer other postemployment benefit plan the measurement has been prepared in accordance with GASB Statement No. 75.

Oklahoma Municipal Retirement Plan (OkMRF) – Defined Benefit Plan A. Plan Description The City contributes to the OkMRF for all eligible employees except for those covered by the Police

and Firefighter Pension Systems. The plan is an agent multiple employer - defined benefit plan administered by OkMRF. The OkMRF plan issues a separate financial report and can be obtained from OkMRF or from their website: www.okmrf.org/reports.html. Benefits are established or amended by the City Council in accordance with O.S. Title 11, Section 48-101-102.

B. Eligibility Factors and Benefit Provisions

As of 07/01/19 Provision OkMRF Plan a. Eligible to participate Full-time employees except police, firefighters

and other employees who are covered under an approved system.

b. Period Required to Vest 7 years of credited service beginning September 1,

2019 c. Eligibility for Distribution -Normal retirement at age 65 with 10 years of

service -Early retirement at age 55 with 10 years of service -Disability retirement upon disability with 10

years of service -Death benefit with 10 years of service for married

employees d. Benefit Determination Base Final average salary - the average of the five

highest consecutive annual salaries out of the last 10 calendar years of service



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e. Benefit Determination Methods: Normal Retirement -1.875% of final average salary multiplied by

credited years of service Early Retirement -Actuarially reduced benefit based upon age, final

average salary, and years of service at termination Disability Retirement -Same as normal retirement Death Benefit -50% of employees accrued benefit, but terminates

upon spouse re-marriage Prior to 10 Years Service -No benefits f. Benefit Authorization -Benefits are established and amended by City

Council adoption of an ordinance in accordance with O.S. Title, 11, Section 48-101-102

g. Form of Benefit Payments Normal form is a 60 months certain and life

thereafter basis. Employee may elect, with City consent, option form based on actuarial equivalent.

C. Employees Covered by Benefit Terms

Active Employees 117 Deferred Vested Former Employees 12 Retirees or Retiree Beneficiaries 84 Total 213 Contribution Requirements

The City Council has the authority to set and amend contribution rates by ordinance for the OkMRF defined benefit plan in accordance with O.S. Title 11, Section 48-102. The contribution rates for the current fiscal year have been made in accordance with an actuarially determined rate. The actuarially determined rate is 10.49% of covered payroll as of July 1, 2019. For the year ended June 30, 2020, the City recognized $655,182 of employer contributions to the plan which is in excess of the actuarially determined amount by $136,866 based on covered payroll of $4,941,046. Employees contribute 3.75% to the plan in accordance with the plan provisions adopted by the City Council. Employee contributions for fiscal 2020 were $185,262.

Actuarial Assumptions Date of Last Actuarial Valuation July 1, 2019 a. Actuarial cost method Entry age normal b. Rate of Return on Investments and Discount Rate 7.50% c. Projected Salary Increase Varies between 7.42% and 4%

based on age d. Post Retirement cost-of-Living Increase None e. Inflation Rate 3%



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f. Mortality Table UP 1994, with projected mortality improvement

g. Percent of married employees 100% h. Spouse age difference 3 years (female spouses younger) i. Turnover Select and ultimate rates Ultimate rates are age-related as shown Additional rates per thousand are added during the first 5 years: Year 1: 225 Year 2: 140 Year 3: 100 Year 4: 70 Year 5: 40 j. Date of last experience study September 2012 for fiscal years 2007 thru

2011

D. Discount Rate –

The discount rate used to value benefits was the long-term expected rate of return on plan investments of 7.50% since the plan’s net fiduciary position is projected to be sufficient to make projected benefit payments.

The City has adopted a funding method that is designed to fund all benefits payable to participants over the course of their working careers. Any differences between actual and expected experience are funded over a fixed period to ensure all funds necessary to pay benefits have been contributed to the trust before those benefits are payable. Thus, the sufficiency of pension plan assets was made without a separate projection of cash flows. The long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation (2.75%). Best estimates of arithmetic real rates of return for each major asset class included in the pension plan’s target asset allocation as of July 1, 2019 are summarized in the following table:



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Target Real WeightedAllocation Return Return

Large cap stocks 25% 5.80% 1.45% S&P 500

Small/mid cap stocks 10% 6.40% 0.64% Russell 2500

Long/short equity 10% 5.00% 0.50% MSCI ACWI

International stocks 20% 6.20% 1.24% MSCI EAFE

Fixed income bonds 30% 2.30% 0.69% Barclay's Capital Aggregate

Real estate 5% 4.60% 0.23% NCREIF

Cash equivalents 0% 0.00% 0.00% 3 month Treasury

TOTAL 100%

Average Real Return 4.75%Inflation 2.75%Long-term expected return 7.50%

E. Changes in Net Pension Liability – The total pension liability was determined based on an

actuarial valuation performed as of July 1, 2019 which is also the measurement date. There were no changes in assumptions or changes in benefit terms that affected measurement of the total pension liability. There were also no changes between the measurement date of July 1, 2019 and the City’s report ending date of June 30, 2020, that would have had a significant impact on the net pension liability. The following table reports the components of changes in net pension liability:

Increase (Decrease)

Total Pension Plan Net Net PensionLiability Position Liability

(a) (b) (a) - (b)Balances Beginning of Year 14,410,533$ 10,816,305$ 3,594,228$

Changes for the Year:Service cost 346,075 - 346,075 Interest expense 1,044,256 - 1,044,256 Experience losses (gains) - (272,005) - (272,005)

(amortized over avg remain svc period of actives & inactive)Changes of assumptions 208,546 - 208,546 Contributions--City - 646,533 (646,533) Contributions--members - 182,834 (182,834) Net investment income - 735,845 (735,845) Benefits paid (992,188) (992,188) - Plan administrative expenses - (22,670) 22,670 Benefit changes due to plan amendments 35,013 - 35,013 Change in deferred contributions made subsequent to the measurement date - - -

Net Changes 369,697 550,354 (180,657)

Balances End of Year 14,780,230$ 11,366,659$ 3,413,571$



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Sensitivity of the net pension liability to changes in the discount rate. The following presents the net pension liability of the City, calculated using the discount rate of 7.50 percent, as well as what the City’s net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (6.50 percent) or 1-percentage-point higher (8.50 percent) than the current rate:

1% Current 1%Decrease Discount Increase(6.50%) Rate (7.50%) (8.50%)

Net Pension Liability 5,199,742$ 3,413,571$ 1,944,689$ The City reported $398,443 in pension expense for the year ended June 30, 2020. At June 30, 2020, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Deferred Outflows Deferred Inflowsof Resources of Resources

Differences between expected and actual experience 7,395$ 759,158$ Net difference between projected and actual earnings 15,229 -

Changes in assumptions 269,889 - Changes in proportion and differences between City contributions and proportionate share of contributions 115,128 115,125 City contributions during measurement date 17,065 25,252 City contributions subsequent to the measurement date 655,182 -

Total 1,079,888$ 899,535$

The $655,182 reported as deferred outflows of resources related to pensions resulting from City contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2021. Any other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:

Year ended June 30:2021 (156,724)$ 2022 (245,267) 2023 (76,368) 2024 3,530 2025 -

(474,829)$



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Oklahoma Firefighter’s Pension – Statewide Cost Sharing Plan Plan description - The City of Miami, as the employer, participates in the Firefighters Pension & retirement—a cost-sharing multiple-employer defined benefit pension plan administered by the Oklahoma Firefighters Pension & Retirement System (FPRS). Title 11 of the Oklahoma State Statutes grants the authority to establish and amend the benefit terms to the FPRS. FPRS issues a publicly available financial report that can be obtained at www.ok.gov/fprs Benefits provided - FPRS provides defined retirement benefits based on members’ final average compensation, age, and term of service. In addition, the retirement program provides for benefits upon disability and to survivors upon death of eligible members. The Plan’s benefits are established and amended by Oklahoma statute. Retirement provisions are as follows: Normal Retirement:

Hired Prior to November 1, 2013 Normal retirement is attained upon completing 20 years of service. The normal retirement benefit is equal to 50% of the member’s final average compensation. Final average compensation is defined as the monthly average of the highest 30 consecutive months of the last 60 months of participating service. For volunteer firefighters, the monthly pension benefit for normal retirement is $150.60 per month.

Hired After November 1, 2013

Normal retirement is attained upon completing 22 years of service. The normal retirement benefit is equal to 55% of the member’s final average compensation. Final average compensation is defined as the monthly average of the highest 30 consecutive months of the last 60 months of participating service. Also participants must be age 50 to begin receiving benefits. For volunteer firefighters, the monthly pension benefit for normal retirement is $165.66 per month.

All firefighters are eligible for immediate disability benefits. For paid firefighters, the disability in-the-line-of-duty benefit for firefighters with less than 20 years of service is equal to 50% of final average monthly compensation, based on the most recent 30 months of service. For firefighters with over 20 years of service, a disability in the line of duty is calculated based on 2.5% of final average monthly compensation, based on the most recent 30 months, per year of service, with a maximum of 30 years of service. For disabilities not in the line of duty, the benefit is limited to only those with less than 20 years of service and is 50% of final average monthly compensation, based on the most recent 60-month salary as opposed to 30 months. For volunteer firefighters, the not-in-the-line-of-duty disability is also limited to only those with less than 20 years of service and is $7.53 per year of service. For volunteer firefighters, the in-the-line-of-duty pension is $150.60 with less than 20 years of service or $7.53 per year of service, with a maximum of 30 years. A $5,000 lump sum death benefit is payable to the qualified spouse or designated recipient upon the participant’s death. The $5,000 death benefit does not apply to members electing the vested benefit. Contributions - The contributions requirements of the Plan are at an established rate determined by Oklahoma Statute and are not based on actuarial calculations. Employees are required to contribute 9% percent of their annual pay. Participating cities are required to contribute 14% of the employees’ annual pay. Contributions to the pension plan from the City were $168,865. The State of Oklahoma also made on-



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behalf contributions to FPRS in the amount of $414,829 during the calendar year and this is reported as both expense and revenue in the General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance. In the government-wide Statement of Activities, revenue is recognized for the state’s on-behalf contributions on an accrual basis of $401,535. These on-behalf payments did not meet the criteria of a special funding situation. Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions - At June 30, 2020, the City reported a liability of $4,171,963 for its proportionate share of the net pension liability. The net pension liability was measured as of June 30, 2019, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of July 1, 2019. The City’s proportion of the net pension liability was based on the City’s contributions received by the pension plan relative to the total contributions received by pension plan for all participating employers as of June 30, 2019. Based upon this information, the City’s proportion was .3948%. For the year ended June 30, 2020, the City recognized pension expense of $620,054. At June 30, 2020, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Deferred Outflows of Resources

Deferred Inflows of Resources

Differences between expected and actual experience 698,594$ 84,859$ Changes of assumptions - 107,175 Net difference between projected and actual earnings on pension plan investments - 302,002 Changes in proportion 59,638 229,872 Contributions during the measurement date - 5,791 Contributions subsequent to the measurement date 168,865 - Total 927,097$ 729,699$

In the year ending June 30, 2021, $168,865 reported as deferred outflows of resources related to pensions resulting from City contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the subsequent year. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:

Year ended June 30:2021 81,590$ 2022 (55,397) 2023 44,929 2024 (11,829) 2025 (30,760) Total 28,533$



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Actuarial Assumptions- The total pension liability was determined by an actuarial valuation as of July 1, 2019, using the following actuarial assumptions, applied to all prior periods included in the measurement:

Inflation: 2.75% Salary increases: 2.75% to 10.5% average, including inflation Investment rate of return: 7 .5% net of pension plan investment expense

Mortality rates were based on the Pub-2010 Public Safety Table, with adjustments for generational mortality improvement using scale MP-2018 for healthy lives and no mortality improvement for disabled lives. The actuarial assumptions used in the July 1, 2019, valuation were based on the results of an actuarial experience study for the period July 1, 2013, to June 30, 2018. The long-term expected rate of return on pension plan investments was determined using a building block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense, and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of arithmetic real rates of return for each major asset class included in the pension plan's target asset allocation as of June 30, 2019, are summarized in the following table:

Target Long-Term ExpectedAsset Class Allocation Real Rate of Return

Fixed income 20% 4.90%Domestic equity 47% 7.09%International equity 15% 9.19%Real estate 10% 7.99%Other assets 8% 5.57%

Discount Rate- The discount rate used to measure the total pension liability was 7.5%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current contribution rate and that contributions from employers will be made at contractually required rates, determined by State statutes. Projected cash flows also assume the State of Oklahoma will continue contributing 36% of the insurance premium, as established by statute. Based on these assumptions, the pension plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the Net Pension Liability to Changes in the Discount Rate-The following presents the net pension liability of the employers calculated using the discount rate of 7.5%, as well as what the Plan's net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower (6.5%) or 1-percentage-point higher (8.5%) than the current rate:

1% Decrease Current Discount 1% Increase(6.5%) Rate (7.5%) (8.5%)

Employers' net pension liability 5,387,179$ 4,171,963$ 2,837,539$

Pension plan fiduciary net position - Detailed information about the pension plan’s fiduciary net position is available in the separately issued financial report of the FPRS; which can be located at www.ok.gov/fprs.



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Oklahoma Police Pension – Statewide Cost Sharing Plan Plan description - The City of Miami, as the employer, participates in the Oklahoma Police Pension and Retirement Plan—a cost-sharing multiple-employer defined benefit pension plan administered by the Oklahoma Police Pension and Retirement System (OPPRS). Title 11 of the Oklahoma State Statutes, through the Oklahoma Legislature, grants the authority to establish and amend the benefit terms to the OPPRS. OPPRS issues a publicly available financial report that can be obtained at www.ok.gov/OPPRS Benefits provided - OPPRS provides retirement, disability, and death benefits to members of the plan. The normal retirement date under the Plan is the date upon which the participant completes 20 years of credited service, regardless of age. Participants become vested upon completing 10 years of credited service as a contributing participant of the Plan. No vesting occurs prior to completing 10 years of credited service. Participants’ contributions are refundable, without interest, upon termination prior to normal retirement. Participants who have completed 10 years of credited service may elect a vested benefit in lieu of having their accumulated contributions refunded. If the vested benefit is elected, the participant is entitled to a monthly retirement benefit commencing on the date the participant reaches 50 years of age or the date the participant would have had 20 years of credited service had employment continued uninterrupted, whichever is later. Monthly retirement benefits are calculated at 2.5% of the final average salary (defined as the average paid base salary of the officer over the highest 30 consecutive months of the last 60 months of credited service) multiplied by the years of credited service, with a maximum of 30 years of credited service considered. Monthly benefits for participants due to permanent disability incurred in the line of duty are 2.5% of the participants’ final average salary multiplied by 20 years. This disability benefit is reduced by stated percentages for partial disability based on the percentage of impairment. After 10 years of credited service, participants who retire due to disability incurred from any cause are eligible for a monthly benefit based on 2.5% of their final average salary multiplied by the years of service. This disability benefit is also reduced by stated percentages for partial disability based on the percentage of impairment. Effective July 1, 1998, once a disability benefit is granted to a participant, that participant is no longer allowed to apply for an increase in the dollar amount of the benefit at a subsequent date. Survivor’s benefits are payable in full to the participant’s beneficiary upon the death of a retired participant. The beneficiary of any active participant killed in the line of duty is entitled to a pension benefit. Contributions - The contributions requirements of the Plan are at an established rate determine by Oklahoma Statute and are not based on actuarial calculations. Employees are required to contribute 8% percent of their annual pay. Participating cities are required to contribute 13% of the employees’ annual pay. Contributions to the pension plan from the City were $167,131. The State of Oklahoma also made on-behalf contributions to OPPRS in the amount of $154,677 during the calendar year and this is reported as both expense and revenue in the General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance. In the government-wide Statement of Activities, revenue is recognized for the state’s on-behalf contributions on an accrual basis of $156,097. These on-behalf payments did not meet the criteria of a special funding situation. Pension Liabilities (Asset), Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions - At June 30, 2020, the City reported an asset of $25,191 for its proportionate share of the net pension asset. The net pension asset was measured as of June 30, 2019, and the total pension liability used to calculate the net pension asset was determined by an actuarial valuation as of July 1, 2019. The City’s proportion of the net pension asset was based on the City’s contributions



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received by the pension plan relative to the total contributions received by pension plan for all participating employers as of June 30, 2019. Based upon this information, the City’s proportion was .3946%. For the year ended June 30, 2020, the City recognized pension expense of $290,663. At June 30, 2020, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Deferred Outflows of Resources

Deferred Inflows of Resources

Differences between expected and actual experience 15,118$ 118,937$ Changes of assumptions 64,322 - Net difference between projected and actual earnings on pension plan investments 230,196 - Changes in proportion 13,262 14,063 Contributions during measurement date 1,281 7,547 Contributions subsequent to the measurement date 167,131 - Total 491,310$ 140,547$

In the year ending June 30, 2021, $167,131 reported as deferred outflows of resources related to pensions resulting from City contributions subsequent to the measurement date will be recognized as a reduction of or an addition to the net pension liability (asset) in the subsequent year. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:

Year ended June 30:2021 102,342$ 2022 (34,672) 2023 35,666 2024 76,729 2025 3,567 Total 183,632$

Actuarial Assumptions-The total pension liability was determined by an actuarial valuation as of July 1, 2019, using the following actuarial assumptions, applied to all prior periods included in the measurement:

Inflation: 2.75% Salary increases: 3.5% to 12% average, including inflation Investment rate of return: 7.5% net of pension plan investment expense Cost-of-living adjustments: Police officers eligible to receive increased benefits according to repealed

Section 50-120 of Title 11 of the Oklahoma Statutes pursuant to a court order receive an adjustment of 1/3 to 1/2 of the increase or decrease of any



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adjustment to the base salary of a regular police officer, based on an increase in base salary of 3.5% (wage inflation).

Mortality rates: Active employees (pre-retirement) RP-2000 Blue Collar

Healthy Combined table with age set back 4 years with fully generational improvement using Scale AA.

Active employees (post-retirement) and nondisabled pensioners: RP-2000 Blue Collar Healthy Combined table with fully generational improvement using scale AA.

Disabled pensioners: RP-2000 Blue Collar Healthy Combined table with age set forward 4 years.

The actuarial assumptions used in the July 1, 2019, valuation were based on the results of an actuarial experience study for the period July 1, 2012, to June 30, 2017. The long-term expected rate of return on pension plan investments was determined using a building block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense, and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of arithmetic real rates of return for each major asset class included in the pension plan's target asset allocation as of June 30, 2019, are summarized in the following table:

Long-Term Expected

Asset Class Real Rate of Return

Fixed income 4.79%

Domestic equity 5.74%

International equity 9.19%

Real estate 7.99%

Private Equity 10.20%

Commodities 3.50%

The current allocation policy is that approximately 60% of assets in equity instruments, including public equity, long-short hedge, venture capital, and private equity strategies; approximately 25% of assets in fixed income to include investment grade bonds, high yield and non-dollar denominated bonds, convertible bonds, and low volatility hedge fund strategies; and 15% of assets in real assets to include real estate, commodities, and other strategies.



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Discount Rate-The discount rate used to measure the total pension liability was 7.5%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current contribution rate and that contributions from employers will be made at contractually required rates, determined by State statutes. Projected cash flows also assume the State of Oklahoma will continue contributing 14% of the insurance premium, as established by statute. Based on these assumptions, the pension plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the Net Pension Liability(Asset) to Changes in the Discount Rate- The following presents the net pension liability (asset) of the employers calculated using the discount rate of 7.5%, as well as what the Plan's net pension liability (asset) would be if it were calculated using a discount rate that is 1-percentage point lower (6.5%) or 1-percentage-point higher (8.5%) than the current rate:

1% Decrease Current Discount 1% Increase(6.5%) Rate (7.5%) (8.5%)

Employers' net pension liability (asset) 1,073,120$ (25,191)$ (1,122,973)$

Pension plan fiduciary net position - Detailed information about the pension plan’s fiduciary net position is available in the separately issued financial report of the OPPRS; which can be located at www.ok.gov/OPPRS . City of Miami 457 Deferred Compensation Plan (DC Plan) Plan Description – The City of Miami makes available to all full-time employees two Section 457 deferred compensation plans. The DC Plan was created in accordance with Section 457 of the Internal Revenue Code, and permits the employees to defer a portion of their salary until future years. The deferred compensation is not available to the employee until retirement, termination, death, or unforeseeable emergency. Employees may choose investments offered by International City/County Management Association (ICMA) or the DC Plan. Separate audited financial statements are not available. Funding Policy – DC Plan participants may contribute up to $15,000 of eligible compensation per year. During the year ended June 30, 2020, employees contributed $126,190 and the employer contributed $0 to the DC Plan. ICMA Retirement Deferred Compensation Plan In addition to the above plans, the City of Miami offers a retirement plan through ICMA which is funded 18% by the employer and zero percent by employee contributions. There were no contributions to the plan for the fiscal year ended June 30, 2020. Separate audited financial statements are not available.



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14. Postemployment Healthcare Plan

Plan Description. The City sponsors Medical, Rx, and Dental insurance to qualifying retirees and their dependents. Coverage is provided through fully-insured arrangements that collectively operate as a substantive single-employer defined benefit plan. A substantive plan is one in which the plan terms are understood by the employer and the plan members. This understanding is based on communication between the employer and the plan member and historical pattern of practice with regard to the sharing of benefit costs. Qualifying retirees are those employees who are eligible for immediate disability or retirement benefits under the Oklahoma Police Pension and Retirement System, Oklahoma Firefighter’s Pension and Retirement System, or the City of Miami Retirement Plan. Retirees may continue coverage with the City by paying the carrier premium rate. Coverage is available for each of the lifetimes of retirees and their spouses. Authority to establish and amend benefit provisions rest with the City Council. Retirees may continue coverage with the City by paying the premium rate. Benefits are paid from general operating assets of the City. Benefits provided - The Plan covers all current retirees of the City who elected postretirement medical coverage through the City Health Plan and future retired employees of the City fully self-insured health plan. In accordance with administrative policy, the benefit levels are the same as those afforded to active employees; this creates an implicit rate subsidy. The benefits offered by the City to retirees include health and prescription drug benefits. The retiree retains coverage with the City, by making an election within 30 days of termination of service and have 10+ years of creditable service in with the City and are at least 55 years old at the time of termination. The amount of benefit payments during fiscal year June 30, 2020 were $99,477. Employees Covered by Benefit Terms

Active Employees 172 Inactive or beneficiaries receiving benefits 8 Total 180

Total OPEB Liability – The total OPEB liability was determined based on an alternative measurement method valuation performed as of June 30, 2019 which is also the measurement date. Actuarial Assumptions- The total OPEB liability in the June 30, 2019 valuation, was determined using the following actuarial assumptions:

Actuarial Cost Method - Entry Age Discount Rate – 3.87% based on the 20 year municipal bond yield Retirement Age – Civilians - 55 with 10 years of service, Police and Fire 20 years

of service Medical Trend Rates:

2019 6.02% 2020 5.99% 2025 5.86% 2030 5.99% 2035 5.87% 2040 5.33% 2045 5.15% 2050 5.03% 2060 4.87%



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Changes in Total OPEB Liability - Total OPEB Liability

Balances at Beginning of Year 3,118,684$

Changes for the Year:

Service cost 180,562

Interest expense 120,692

Change in assumptions (162,177)

Difference between expected and actual experience (388,393)

Benefits paid (99,477) Net Changes (348,793)

Balances End of Year 2,769,891$

OPEB Liabilities, OPEB Expense, and Deferred Outflows or Resources and Deferred Inflows of Resources Related to OPEB - For the year ended June 30, 2020, the City recognized OPEB expense of $142,994. At June 30, 2020, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

Deferred Outflows Deferred Inflowsof Resources of Resources

Differences between expected and actual experience -$ 351,477$ Changes of assumptions - 592,261 Net difference between projected and actual earnings on OPEB plan investments - - Changes in proportion 422,400 421,363 City Contributions during measurement date 11,906 11,937 Benefits paid subsequent to the measurement date 91,824 - Total 526,130$ 1,377,038$

In the year ending June 30, 2021, $91,824 reported as deferred outflows of resources related to pensions resulting from City benefits paid subsequent to the measurement date will be recognized as a reduction of or an addition to the total OPEB liability in the subsequent year. Amounts reported as deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows:

Year Ended June 30:2021 (158,261)$ 2022 (158,261)$ 2023 (158,261)$ 2024 (158,261)$ 2025 (144,656)$

Thereafter (165,032) (942,732)$

Sensitivity of the City’s total OPEB liability to changes in the discount rate- The following presents the City’s total OPEB liability, as well as what the City’s proportionate share of the total OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower (2.50 percent) or 1- percentage-point higher (4.50 percent) than the current discount rate:



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1% Decrease ( 2.50%) Current Discount Rate

(3.50%) 1% Increase ( 4.50%)

Employers' total OPEB liability 3,392,110$ 2,769,891$ 2,288,536$

Sensitivity of the City’s total OPEB liability to changes in the healthcare cost trend rates - The following presents the City’s total OPEB liability, as well as what the City’s total OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage-point lower (5.02 percent decreasing to 3.87 percent) or 1- percentage point higher (7.02 percent decreasing to 5.87 percent) than the current healthcare cost trend rates:

1% Decrease (5.02% decreasing to 3.87%)

Current Discount Rate (6.02% decreasing to

4.87%) 1% Increase (7.02% decreasing to 5.87%)

Employers' total OPEB liability 2,302,668$ 2,769,891$ 3,357,640$

15. Commitments and Contingencies

Litigation The City is a party to various legal proceedings which normally occur in the course of governmental operations. The financial statements do not include accruals or provisions for loss contingencies that may result from these proceedings. State statutes provide for the levy of an ad valorem tax over a three-year period by a City Sinking Fund for the payment of any court assessed judgment rendered against the City. While the outcome of the above noted proceedings cannot be predicted, due to the insurance coverage maintained by the City and the State statute relating to judgments, the City feels that any settlement or judgment not covered by insurance would not have a material adverse effect on the financial condition of the City. Grant Programs The City of Miami participates in various federal or state grant/loan programs from year to year. In 2020, the City’s involvement in federal and state award programs was relatively immaterial. The grant/loan programs are often subject to additional audits by agents of the granting or loaning agency, the purpose of which is to ensure compliance with the specific conditions of the grant or loan. The City has not been notified of any noncompliance with federal or state award requirements. Any liability for reimbursement which may arise as a result of these audits cannot be reasonably determined at this time, although it is believed the amount, if any, would not be material. Pensacola Dam Licensing The City has experienced flooding at various degrees for many years which the City asserts has been aggravated by operational changes at a nearby lake. The City contends that the instances of flooding have increased because the quasi-governmental agency that operates the Pensacola Dam that forms Grand Lake (and it’s hydroelectric operations), the Grand River Dam Authority (GRDA), has been granted permission to raise lake levels by the Federal Energy Regulatory Commission (FERC), which licenses GRDA to operate the dam.



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FERC has notified the City that the appropriate time to address these problems is at the time the operational license for the dam is renewed in 2022. That process started in 2018 and could potentially take over five years to complete. The City has engaged legal counsel to represent its interest during the relicensing process and to require GRDA to modify its lake operations to reduce instances of flooding and to purchase flood easements. New leadership as of 7/1/2020, City manager and mayor, may change our direction on this important matter, but is yet to be determined. Asset Retirement Obligation The City has incurred certain asset retirement obligations related to the operation of its wastewater utility system. The estimated liability of the legally required closure costs for the wastewater utility system cannot be reasonably estimated as of June 30, 2020, since the specific legally required costs of retirement have not yet been identified. The City anticipates identifying those specific legally required costs and obtaining an estimate of those costs in the subsequent fiscal year.



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REQUIRED SUPPLEMENTARY INFORMATION



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Budgetary Comparison Schedules (Budgetary Basis) – Year Ended June 30, 2020

GENERAL FUNDActual Variance with

Budgeted Amounts Amounts Final BudgetOriginal Final (Budget basis) Positive (Negative)

Beginning Budgetary Fund Balance: 1,314,640$ 1,314,640$ 1,711,861$ 397,221$ Resources (Inflows):Taxes and assessments 6,793,000 6,793,000 6,968,315 175,315 Fees, licenses and permits 41,800 41,200 56,956 15,756 Charges for services 177,250 179,330 167,864 (11,466) Fines and forfeitures 228,000 228,000 215,340 (12,660) Interest earned 13,500 13,500 15,470 1,970 Miscellaneous - 1,430,160 277,822 (1,152,338) Intergovernmental 84,000 86,600 66,006 (20,594)

Total Resources (Inflows) 7,337,550 8,771,790 7,767,773 (1,004,017)

Amounts available for appropriation 8,652,190 10,086,430 9,479,634 (606,796)

Charges to Appropriations (Outflows):

General GovernmentMuncipal Court 135,992 147,522 142,207 5,315 General Government 1,271,273 1,291,010 1,074,948 216,062 Human Resources 283,377 284,622 226,458 58,164 Legal 127,480 128,505 98,683 29,822

Public SafetyPolice 2,267,961 2,256,967 2,191,281 65,686 Fire 2,062,167 2,049,950 1,979,965 69,985 Emergency Management 48,761 84,103 57,560 26,543 Police Communications 423,704 438,332 394,234 44,098 Code Enforecement 117,658 118,558 113,333 5,225 Risk Management 92,417 92,892 86,717 6,175

Public Works and StreetsStreets 731,930 785,905 749,193 36,712 Cemetery 337,639 341,064 314,844 26,220 Facilities 270,356 276,812 256,908 19,904 Animal Control 205,987 207,086 184,885 22,201

Culture and RecreationParks 657,032 661,224 578,586 82,638 Swimming Pool 200,397 200,397 134,494 65,903 Library 543,580 548,541 510,395 38,146

Total Charges to Appropriations 9,777,711 9,913,490 9,094,691 818,799

Other financing sources (uses)Transfers from other funds 7,947,726 7,984,914 7,010,525 (974,389) Transfers to other funds (6,742,830) (6,979,658) (5,837,158) 1,142,500

Total other financing sources (uses) 1,204,896 1,005,256 1,173,367 168,111

Ending Budgetary Fund Balance 79,375$ 1,178,196$ 1,558,310$ 380,114$

See accompanying notes to this schedule.



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Schedule Footnotes to Budgetary Comparison:

1. The budgetary comparison schedules and budgetary fund balance amounts are reported on a non-GAAP basis that report revenues on a cash basis, and expenditures in the period the invoice is received, except for payroll expenditures that are recorded when paid. In addition, obligations that are required to be funded from ending budgetary fund balances are subtracted from total ending budgetary fund balances to arrive at the unassigned budgetary fund balance. This presentation of unassigned fund balances on a budgetary basis is used to demonstrate compliance with Article 10, § 26 of the Oklahoma State Constitution.

2. The legal level of appropriation control is the department level within a fund. Transfers of appropriation within a fund require the approval of the City Manager. All supplemental appropriations require the approval of the City Council. Supplemental appropriations must be filed with the Office of the State Auditor and Inspector.

3. The budgetary basis differs from the modified accrual (GAAP) basis as shown in the schedule below:

Fund Balance Net Change in Fund BalanceJune 30, 2019 Fund Balance June 30, 2020

Budget to GAAP Reconciliation:

Fund Balance - GAAP Basis $1,794,980 $43,892 $1,838,872

Increases (Decreases): Revenues: Receivable from other governments and entities (700,757) (147,672) (848,429) Accounts receivable (197,470) 68,313 (129,157) State on behalf pension payments (590,126) 20,620 (569,506) Combining accounts 26,738 (237,302) (210,564)

Expenditures: Accrued payroll 274,515 59,267 333,782 Other expenditures 513,855 59,951 573,806 State on behalf pension payments 590,126 (20,620) 569,506 Fund Balance - Budgetary Basis $1,711,861 ($153,551) $1,558,310



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Pension Information

Schedules of Required Supplementary InformationSCHEDULE OF THE CITY OF MIAMI'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITYOKLAHOMA FIREFIGHTERS PENSION & RETIREMENT SYSTEMLast 10 Fiscal Years*

2015 2016 2017 2018 2019 2020

City's proportion of the net pension liability 0.413176% 0.418954% 0.4143524% 0.4169184% 0.421250% 0.394823%

City's proportionate share of the net pension liability 4,887,039$ 4,446,809$ 5,062,191$ 5,243,677$ 4,741,794$ 4,171,963$

City's covered-employee payroll 1,089,326$ 1,144,680$ 1,159,023$ 1,185,003$ 1,208,603$ 1,220,957$

City's proprotionate share of the net pension liability as a percentage of its covered-employee payroll 449% 388% 437% 443% 392% 342%

Plan fiduciary net position as a percentage of the total pension liability 68.12% 68.27% 64.87% 66.61% 70.73% 72.85%

*The amounts present for each fiscal year were determined as of 6/30

Notes to Schedule:

Only the previous six fiscal years are presented because 10-year data is not yet available. SCHEDULE OF CITY CONTRIBUTIONSOKLAHOMA FIREFIGHTERS PENSION & RETIREMENT SYSTEMLast 10 Fiscal Years

2015 2016 2017 2018 2019 2020

Statutorially required contribution 160,255$ 162,264$ 165,905$ 169,204$ 170,934$ 168,865$

Contributions in relation to the statutorially required contribution 160,255 162,264 165,905 169,204 170,934 168,865

Contribution deficiency (excess) -$ -$ -$ -$ -$ -$


Contributions as a percentage of covered-employee payroll 14.00% 14.00% 14.00% 14.00% 14.00% 14.00%

Notes to Schedule:

Only the previous six fiscal years are presented because 10-year data is not yet available.



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Schedules of Required Supplementary InformationSCHEDULE OF THE CITY OF MIAMI PORTIONATE SHARE OF THE NET PENSION LIABILITY (ASSET)OKLAHOMA POLICE PENSION & RETIREMENT SYSTEMLast 10 Fiscal Years*

2015 2016 2017 2018 2019 2020

City's proportion of the net pension liability (asset) 0.4416% 0.3977% 0.4577% 0.3683% 0.4088% 0.3946%

City's proportionate share of the net pension liability (asset) (148,685)$ 16,217$ 700,954$ 29,715$ (194,728)$ (25,191)$


City's proprotionate share of the net pension liability (asset) as a percentage of its covered-employee payroll 12.55% 1.43% 58.35% 2.54% 15.62% 1.96%

Plan fiduciary net position as a percentage of the total pension liability 101.53% 99.82% 93.50% 99.68% 101.89% 100.24%


Notes to Schedule:


SCHEDULE OF CITY CONTRIBUTIONSOKLAHOMA POLICE PENSION & RETIREMENT SYSTEMLast 10 Fiscal Years

2015 2016 2017 2018 2019 2020

Statutorially required contribution 145,903$ 156,178$ 152,094$ 162,102$ 166,813$ 167,131$

Contributions in relation to the statutorially required contribution 145,903 156,178 152,094 162,102 166,813 167,131

Contribution deficiency (excess) -$ -$ -$ -$ -$ -$



Notes to Schedule:




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Required Supplementary InformationOklahoma Municipal Retirement Fund

Schedule of Changes in Net Pension Liability and Related Ratios

2015 2016 2017 2018 2019 2020Total pension liability

Service cost 276,403$ 308,701$ 344,545$ 330,866$ 283,926$ 346,075$ Interest 1,034,763 1,037,326 1,073,154 1,087,717 1,061,577 1,044,256 Changes of benefit terms - - - - Differences between expected and actual experience - 102,207 (202,315) (535,480) (541,596) (272,005) Changes of assumptions - - - 321,010 - 208,546 Benefit payments, including refunds of member contributions (997,138) (1,006,438) (964,663) (1,092,673) (1,076,009) (992,188) Benefit changes due to plan amendments 35,013

Net change in total pension liability 314,028 441,796 250,721 111,440 (272,102) 369,697

Total pension liability - beginning 13,564,650 13,878,678 14,320,474 14,571,195 14,682,635 14,410,533 Total pension liability - ending (a) 13,878,678$ 14,320,474$ 14,571,195$ 14,682,635$ 14,410,533$ 14,780,230$

Plan fiduciary net position

Contributions - employer 569,542$ 618,748$ 640,172$ 650,799$ 635,453$ 646,533$ Contributions - member 166,578 175,420 181,046 183,989 179,680 182,834 Net investment income 1,363,071 261,920 83,267 1,149,965 755,918 735,845 Benefit payments, including refunds of member contributions (997,138) (1,006,438) (964,663) (1,092,673) (1,076,009) (992,188) Administrative expense (20,151) (19,533) (18,698) (20,154) (21,162) (22,670) Other - - - -

Net change in plan fiduciary net position 1,081,902 30,117 (78,876) 871,926 473,880 550,354

Plan fiduciary net position - beginning 8,437,357 9,519,259 9,549,376 9,470,500 10,342,425 10,816,305 Plan fiduciary net position - ending (b) 9,519,259$ 9,549,376$ 9,470,500$ 10,342,426$ 10,816,305$ 11,366,659$

Net pension liability - ending (a) - (b) 4,359,419$ 4,771,098$ 5,100,695$ 4,340,209$ 3,594,228$ 3,413,571$

Plan fiduciary net position as a percentage ofthe total pension liability 68.59% 66.68% 64.99% 70.44% 75.06% 76.90%

Covered employee payroll 4,356,987$ 4,742,831$ 4,657,554$ 4,735,571$ 4,920,014$ 4,576,812$

Net pension liability as a percentage of covered- 100.06% 100.60% 109.51% 91.65% 73.05% 74.58%employee payroll


Notes to Schedule:




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Required Supplementary InformationOklahoma Municipal Retirement Fund

Schedule of Employer Contributions

2015 2016 2017 2018 2019 2020

Actuarially determined contribution 616,160$ 643,059$ 592,589$ 590,967$ 512,617$ 518,316$

Contributions in relation to the actuarially 616,160 643,059 623,633 635,553 647,362 655,182 determined contribution

Contribution deficiency (excess) -$ -$ (31,044)$ (44,586)$ (134,745)$ (136,866)$

Covered employee payroll 4,661,027$ 4,849,681$ 4,703,091$ 4,792,921$ 4,882,062$ 4,941,046$


Notes to Schedule:

1. Only the previous six fiscal years are presented because 10-year data is not yet available.

2. Latest Valuation Date: July 1, 2019

3. Actuarially determined contribution rate is calculated as of July 1, 2019July 2019 through June 2020 contributions were at a rate of 10.49%.

4. Methods and assumptions used to determine contribution rates:Actuarial cost method - Entry age normalAmortization method - Level percent of payroll, closedRemaining amortization period - 29 yearsAsset valuation method - Actuarial:

Smoothing period - 4 yearsRecognition method - Non-asymptoticCorridor - 70% - 130%

Salary increases - 4.00% to 7.42% (varies by attained age)Investment rate of return - 7.50%



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Required Supplementary Information – OPEB Schedule of Changes in Total OPEB Liability and Related Ratios

Postemployment Health Insurance Implcit Rate Subsidy Plan

2018 2019 2020

Total OPEB Liability

Service cost 233,167$ 206,592$ 180,562$

Interest 91,262 125,031 120,692

Changes in assumptions (280,566) (378,465) (162,177)

Differences between expected and actual experience (17,115) (388,393)

Benefit payments (78,120) (103,265) (99,477)

Net change in total OPEB liability (34,257) (167,222) (348,793)

Balances at Beginning of Year 3,320,163 3,285,906 3,118,684

Balances End of Year 3,285,906$ 3,118,684$ 2,769,891$

Covered employee payroll 7,400,000$ 7,310,000$ 7,011,000$

Total OPEB liability as a percentage of covered-

employee payroll 44.40% 42.66% 39.51%

Notes to Schedule:

Only three fiscal years are presented because 10-year data is not yet available



79

OTHER SUPPLEMENTARY INFORMATION



80

Combining Balance Sheet – General Fund Accounts - June 30, 2020

General FundMunicipal Court

AccountTravel Information

Center AccountMCVB &Tourism

Account Demolition Account Total General FundASSETSCash and cash equivalents 1,141,203$ 20,267$ (1,500)$ 16,328$ 186,171$ 1,362,469$ Investments 1,996 - - - - 1,996 Receivables: Accounts receivable 129,157 - - 1,575 - 130,732 Due from other funds 87,808 - - - - 87,808 Due from other accounts 10,218 - - - - 10,218 Receivable from other governments 848,429 - - 13,819 9,588 871,836 Other receivables - - 7,500 - - 7,500

Total assets 2,218,811$ 20,267$ 6,000$ 31,722$ 195,759$ 2,472,559$


Accounts payable and accrued liabilities 98,220$ 9,854$ 6,357$ 4,268$ 3,115$ 121,814$ Wages payable 333,782 - - 9,372 - 343,154 Due to other funds 66,005 - - - - 66,005 Due to other accounts - 10,218 - - - 10,218

Total liabilities 498,007 20,072 6,357 13,640 3,115 541,191

DEFERRED INFLOWS OF RESOURCESDeferred revenue 92,496 - - - - 92,496

Fund balances:Restricted 23,213 - - - - 23,213 Assigned 933,517 - - - 192,644 1,126,161 Unassigned (deficit) 671,578 195 (357) 18,082 - 689,498

Total fund balances 1,628,308 195 (357) 18,082 192,644 1,838,872 Total liabilities, deferred inflows and fund balances 2,218,811$ 20,267$ 6,000$ 31,722$ 195,759$ 2,472,559$



81

Combining Schedule of Revenues, Expenditures, and Changes in Fund Balance – General Fund Accounts – Year Ended June 30, 2020

General FundMunicipal

Court Account

Travel Information

Center Account

MCVB & Tourism Account

Demolition Account

Total General Fund

REVENUESTaxes 5,751,242$ -$ -$ 157,633$ -$ 5,908,875$ Intergovernmental 749,906 - - - - 749,906 Charges for services 177,781 - - 64,365 - 242,146 Fines and forfeitures 206,364 - - - 45,714 252,078 Licenses and permits 74,674 - - - - 74,674 Investment income 15,527 - - - - 15,527 Miscellaneous 328,653 - 133,520 995 - 463,168 Total revenues 7,304,147 - 133,520 222,993 45,714 7,706,374


General government 1,543,824 - - - 73,485 1,617,309 Public safety 5,237,687 - - - - 5,237,687 Public works and streets 1,519,390 - - - - 1,519,390 Culture and recreation 1,223,444 - - - - 1,223,444 Economic development - - 201,114 361,050 - 562,164

Debt Service:Principal 186,858 - - - - 186,858 Interest and fiscal charges 16,962 - - - - 16,962

Total expenditures 9,728,165 - 201,114 361,050 73,485 10,363,814

Excess (deficiency) of revenues over expenditures (2,424,018) - (67,594) (138,057) (27,771) (2,657,440)

OTHER FINANCING SOURCES (USES)Transfers in - interaccount - - - 108,468 - 108,468 Transfers out - interaccount (108,468) - - - - (108,468) Transfers in 8,067,766 - 199,110 113,146 50,000 8,430,022 Transfers out (5,728,690) - - - - (5,728,690) Total other financing sources and uses 2,230,608 - 199,110 221,614 50,000 2,701,332

Net change in fund balances (193,410) - 131,516 83,557 22,229 43,892

Fund balances - beginning 1,821,718 195 (131,873) (65,475) 170,415 1,794,980

Fund balances - ending 1,628,308$ 195$ (357)$ 18,082$ 192,644$ 1,838,872$



82

Combining Balance Sheet - Non-Major Governmental Funds - June 30, 2020

FISHING LICENSE FUND

STREET AND ALLEY

DRUG FORFEITURE FUND

SUMMER RECREATION PROGRAM GRANT FUND

RFC 07-09 GRANT FUND

MDA-HOUSING CONSTRUCTION FUND

POLICE GRANTS

ASSETSCash and cash equivalents 71,792$ 1,068,581$ 7,806$ 293,973$ 733,852$ -$ 91,716$ 28,682$ Investments - - - - 34,235 - - - Accounts receivable - - - - 1,750 - - - Due from other governments - 8,848 5,867 - - - - - Due from other funds - 38,404 - - - - - -

Total assets 71,792$ 1,115,833$ 13,673$ 293,973$ 769,837$ -$ 91,716$ 28,682$


Accounts payable and accrued liabilities -$ 116,549$ -$ 17,324$ 120,742$ -$ -$ 659$ Wages payable - - - 8,264 - - - - Due to other funds - - - - - - - -

Total liabilities - 116,549 - 25,588 120,742 - - 659

Deferred Inflows:Deferred revenue - - - - - - - -

Fund balances:Restricted 71,792 - 13,673 268,385 - - 91,716 28,023 Commited - 999,284 - - - - - - Assigned - - - - - - - - Unassigned - - - - 649,095 - - -

Total fund balances 71,792 999,284 13,673 268,385 649,095 - 91,716 28,023

Total liabilities, deferred inflows and fund balances 71,792$ 1,115,833$ 13,673$ 293,973$ 769,837$ -$ 91,716$ 28,682$

(continued)

SPECIAL REVENUE FUNDS



83

Combining Balance Sheet - Non-Major Governmental Funds - June 30, 2020, Continued

DEBT SERVICE FUND

G.O. BOND SINKING FUND

CEMETERY PERPETUAL

CAREMAIN STREET

PROJECTCAPITAL

IMPROVEMENT FUNDPOOL

IMPROVEMENT FUND

PARK DEPARTMENT

PROJECTS TOTALSASSETSCash and cash equivalents 158,823$ 93,088$ 67,776$ 3,065,120$ 190,623$ 42,041$ 5,913,873$ Investments - - - - - - 34,235 Accounts receivable - - - 86,622 - - 88,372 Due from other governments 55,410 - - - - - 70,125 Due from other funds - - - 6,657 - - 45,061

Total assets 214,233$ 93,088$ 67,776$ 3,158,399$ 190,623$ 42,041$ 6,151,666$


Accounts payable and accrued liabilities -$ -$ -$ 432,588$ -$ -$ 687,862$ Wages payable - - - - - - 8,264 Due to other funds - - - 38,404 - - 38,404

Total liabilities - - - 470,992 - - 734,530

Deferred Inflows:Deferred revenue 55,410 - - - - - 55,410

Fund balances:Restricted 158,823 93,088 67,776 - 190,623 42,041 1,025,940 Commited - - - - - - 999,284 Assigned - - - 2,687,407 - - 2,687,407 Unassigned - - - - - - 649,095

Total fund balances 158,823 93,088 67,776 2,687,407 190,623 42,041 5,361,726

Total liabilities, deferred inflows and fund balances 214,233$ 93,088$ 67,776$ 3,158,399$ 190,623$ 42,041$ 6,151,666$

CAPITAL PROJECT FUNDS



84

Combining Statement of Revenues, Expenditures, and Changes in Fund Balance – Nonmajor Governmental Funds – Year Ended June 30, 2020

FISHING LICENSE FUND

STREET AND ALLEY

DRUG FORFEITURE FUND

SUMMER RECREATION

PROGRAM GRANT FUNDRFC 07-09

GRANT FUND

MDA-HOUSING CONSTRUCTION

FUNDPOLICE GRANTS

REVENUESTaxes -$ -$ -$ -$ -$ -$ -$ -$ Intergovernmental 5,000 114,367 34,376 - 408,575 - - 10,000 Charges for services - - - 194,775 - - - - Investment income - - - - - - - - Miscellaneous - 4,009 - - 48,188 - - 12,220

Total revenues 5,000 118,376 34,376 194,775 456,763 - - 22,220


General government - - - - 29,878 - - - Public safety - - 769 - 99,905 - - 9,745 Public works - 230,941 - - 419,012 - - - Culture and recreation - - - 163,681 215,741 - - -

Capital Outlay - 1,035,764 22,389 - - - - - Debt Service

Principal retirement - 10,141 - - - - - - Interest and fiscal charges - 717 - - - - - -

Total Expenditures - 1,277,563 23,158 163,681 764,536 - - 9,745

Revenues over (under) expenditures 5,000 (1,159,187) 11,218 31,094 (307,773) - - 12,475

OTHER FINANCING SOURCES (USES)Transfers in - 143,500 - - 1,255,956 - - - Transfers out - (29,788) - - - (1,095) - -

Total other financing sources (uses) - 113,712 - - 1,255,956 (1,095) - -

Net change in fund balances 5,000 (1,045,475) 11,218 31,094 948,183 (1,095) - 12,475

Fund balances - beginning 66,792 2,044,759 2,455 237,291 (299,088) 1,095 91,716 15,548

Fund balances - ending 71,792$ 999,284$ 13,673$ 268,385$ 649,095$ -$ 91,716$ 28,023$

(continued)

SPECIAL REVENUE FUNDS



85

Combining Statement of Revenues, Expenditures, and Changes in Fund Balance – Nonmajor Governmental Funds – Year Ended June 30, 2020, Continued

DEBT SERVICE FUND

G.O. BOND SINKING FUND

CEMETERY PERPETUAL

CAREMAIN STREET

PROJECT

CAPITAL IMPROVEMENT

FUND

POOL IMPROVEMENT

FUND

PARK DEPARTMENT

PROJECTS TOTALSREVENUESTaxes 16,489$ -$ -$ 585,953$ -$ -$ 602,442$ Intergovernmental - - - - - - 572,318 Charges for services - 8,294 - - - - 203,069 Investment earnings - - - 717 - - 717 Miscellaneous - - - - - - 64,417

Total revenues 16,489 8,294 - 586,670 - - 1,442,963


General government - - - - - - 29,878 Public safety - - - - - - 110,419 Public works - - - - - - 649,953 Culture and recreation - - - - 1 - 379,423

Capital Outlay - 4,876 - 1,625,528 - - 2,688,557 Debt Service

Principal retirement - - - - - - 10,141 Interest and fiscal charges - - - - - - 717

Total Expenditures - 4,876 - 1,625,528 1 - 3,869,088

Excess (deficiency) of revenues over expenditures 16,489 3,418 - (1,038,858) (1) - (2,426,125)

OTHER FINANCING SOURCES (USES)Transfers in - - - 748,266 163,479 - 2,311,201 Transfers out - (17,254) - (147,105) - - (195,242)

Total other financing sources and uses - (17,254) - 601,161 163,479 - 2,115,959

Net change in fund balances 16,489 (13,836) - (437,697) 163,478 - (310,166)

Fund balances - beginning 142,334 106,924 67,776 3,125,104 27,145 42,041 5,671,892

Fund balances - ending 158,823$ 93,088$ 67,776$ 2,687,407$ 190,623$ 42,041$ 5,361,726$

CAPITAL PROJECT FUNDS



86

Combining Schedule of Net Position – Special Utility Authority Accounts – June 30, 2020

Public Utilities

Utility Improvement

AccountStormwater

AccountRainy Day Account Total

ASSETS

Current assets: Cash and cash equivalents 3,113,905$ (2,828,757)$ 391,971$ 2,691,899$ 3,369,018$ Cash and cash equivalents, restricted 625,432 7,076,540 - - 7,701,972 Investments - - - 1,451,458 1,451,458 Accounts receivable, net 3,657,633 - - - 3,657,633 Other receivable 436 - - - 436 Accrued interest receivable 809 - - - 809 Inventory 1,277,240 - - - 1,277,240 Due from other accounts 196,674 - - - 196,674 Due from other funds 29,755 - - - 29,755

Total current assets 8,901,884 4,247,783 391,971 4,143,357 17,684,995

Non-current assets: Cash and cash equivalents, restricted 1,195 - - - 1,195 Investments, restricted 196,646 - - - 196,646 Capital assets:

Land, construction in progress, and water rights 4,113,412 - - - 4,113,412 Other capital assets, net of accumulated depreciation 16,463,189 - - - 16,463,189 Total non-current assets 20,774,442 - - - 20,774,442

Total assets 29,676,326 4,247,783 391,971 4,143,357 38,459,437

DEFERRED OUTFLOW OF RESOURCESDeferred amounts related to pension 541,454 - - - 541,454 Deferred amounts related to OPEB 238,463 - - - 238,463 Deferred amounts related to GRDA settlement 111,119 - - - 111,119

Total deferred outflow of resources 891,036 - - - 891,036


Accounts payable and accrued liabilities 1,873,921 560,286 - - 2,434,207 Wages payable 167,753 - - - 167,753 Due to other accounts - - 196,674 - 196,674 Due to other funds 86,495 - - - 86,495 Accrued interest payable 23,442 106,885 - - 130,327 Accrued compensated absences 15,959 - 385 - 16,344 Refundable deposits 38,195 - - - 38,195 Capital lease payable 329,194 - - - 329,194 Revenue bond payable - 635,000 - - 635,000 Notes payable 749,023 - - - 749,023

Total current liabilities 3,283,982 1,302,171 197,059 - 4,783,212

Non-current liabilities:Accrued compensated absences 144,682 - 3,469 - 148,151 Net pension liability 1,763,490 - - - 1,763,490 Total OPEB liability 1,092,568 - - - 1,092,568 Refundable deposits 342,597 - - - 342,597 Capital lease payable 189,261 - - - 189,261 Revenue bond payable - 7,362,908 - - 7,362,908 Notes payable, net 2,487,397 - - - 2,487,397

Total non-current liabilities 6,019,995 7,362,908 3,469 - 13,386,372 Total liabilities 9,303,977 8,665,079 200,528 - 18,169,584

DEFERRED INFLOW OF RESOURCESDeferred amounts related to pensions 479,613 - - - 479,613 Deferred amounts related to OPEB 603,277 - - - 603,277

Total deferred inflow of resources 1,082,890 - - - 1,082,890

NET POSITIONNet investment in capital assets 16,870,766 (7,997,908) - - 8,872,858 Restricted for debt service 182,575 121,221 - - 303,796 Unrestricted 3,127,154 3,459,391 191,443 4,143,357 10,921,345

Total net position 20,180,495$ (4,417,296)$ 191,443$ 4,143,357$ 20,097,999$

Miami Special Utility Authority Accounts



87

Combining Schedule of Revenues, Expenses and Changes in Net Position – Special Utility Authority Accounts - Year Ended June 30, 2020

Public Utilities

Utility Improvement

AccountStormwater


REVENUESCharges for services 25,567,880$ -$ -$ -$ 25,567,880$ Fees, licenses and permits - - 132,409 - 132,409 Miscellaneous 537,704 - - - 537,704

Total operating revenues 26,105,584 - 132,409 - 26,237,993

OPERATING EXPENSES Personal services 3,728,494 - 76,301 - 3,804,795 Materials and supplies 10,287,553 (443) 39,264 - 10,326,374 Other services and charges 3,138,548 37,227 16,160 - 3,191,935 Depreciation expense 1,597,398 - - - 1,597,398

Total operating expenses 18,751,993 36,784 131,725 - 18,920,502

Operating income (loss) 7,353,591 (36,784) 684 - 7,317,491

NON-OPERATING REVENUES (EXPENSES) Investment income 4,698 102,680 - 31,007 138,385 Miscellaneous 95,911 1,400 - 11,695 109,006 Interest expense and fiscal charges (83,241) (276,602) - - (359,843)

Total non-operating revenue (expenses) 17,368 (172,522) - 42,702 (112,452)

Income (loss) before contrbutions and transfers 7,370,959 (209,306) 684 42,702 7,205,039

Contributed assets- governmental activities 1,458,957 - - - 1,458,957 Transfers in, interaccount 4,033,506 907,000 1,354 372,232 5,314,092 Transfers out, interaccount (1,280,586) (4,033,506) - - (5,314,092) Transfers in 6,657,933 - - - 6,657,933 Transfers out (10,844,425) - - (512,256) (11,356,681)

Change in net position 7,396,344 (3,335,812) 2,038 (97,322) 3,965,248

Total net position - beginning 12,784,151 (1,081,484) 189,405 4,240,679 16,132,751

Total net position - ending 20,180,495$ (4,417,296)$ 191,443$ 4,143,357$ 20,097,999$




88

Combining Schedule of Cash Flows – Special Utility Authority Accounts - Year Ended June 30, 2020

Public Utilities

Utility Improvement

AccountStormwater


CASH FLOWS FROM OPERATING ACTIVITIESReceipts from customers 25,953,124$ 1,400$ 132,409$ 11,695$ 26,098,628$ Payments to suppliers (14,128,904) 522,502 (55,424) - (13,661,826) Payments to employees (3,749,252) - (72,447) - (3,821,699) Receipts from other funds - - 55,426 - 55,426 Payments to other funds (56,895) (269,964) - - (326,859) Receipts of customer meter deposits 169,465 - - - 169,465 Refunds of customer meter deposits (204,485) - - - (204,485)

Net cash provided by operating activities 7,983,053 253,938 59,964 11,695 8,308,650

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIESTransfers from other funds 6,657,933 - - - 6,657,933 Transfers to other funds (10,844,425) - - (512,256) (11,356,681) Interaccount transfer in - 907,000 1,354 372,232 1,280,586 Interaccount transfer out (1,280,586) - - - (1,280,586)

Net cash provided by (used in) noncapital financing activities (5,467,078) 907,000 1,354 (140,024) (4,698,748)

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIESCapital assets purchased (803,759) (4,033,506) - - (4,837,265) Principal paid on debt (2,607,085) (615,000) - - (3,222,085) Premium on debt issued 129,341 - - - 129,341 Note proceeds 1,911,350 - - - 1,911,350 Interest and fiscal agent fees paid on debt (116,800) (282,044) - - (398,844)

Net cash provided by (used in) capital and related financing activities (1,486,953) (4,930,550) - - (6,417,503)

CASH FLOWS FROM INVESTING ACTIVITIESSale (Purchase) of investments (4,201) - - (31,007) (35,208) Interest and dividends 4,698 102,680 - 31,007 138,385

Net cash provided by investing activities 497 102,680 - - 103,177

Net increase (decrease) in cash and cash equivalents 1,029,519 (3,666,932) 61,318 (128,329) (2,704,424)

Balances - beginning of year 2,711,013 7,914,715 330,653 2,820,228 13,776,609

Balances - end of year 3,740,532$ 4,247,783$ 391,971$ 2,691,899$ 11,072,185$

Reconciliation to Statement of Net Position:Cash and cash equivalents 3,113,905$ (2,828,757)$ 391,971$ 2,691,899$ 3,369,018$ Restricted cash and cash equivalents - current 625,432 7,076,540 - - 7,701,972 Restricted cash and cash equivalents - noncurrent 1,195 - - - 1,195

Total cash and cash equivalents, end of year 3,740,532$ 4,247,783$ 391,971$ 2,691,899$ 11,072,185$

Reconciliation of operating income (loss) to net cash provided by (used in) operating activities:

Operating income (loss) 7,353,591$ (36,784)$ 684$ -$ 7,317,491$ Adjustments to reconcile operating income (loss) to net cash provided by operating activities:

Depreciation expense 1,597,398 - - - 1,597,398 Other nonoperating revenue 95,911 1,400 - 11,695 109,006

Change in assets and liabilities:Receivables, net (248,371) - - - (248,371) Due from other funds (56,895) (269,964) - - (326,859) Inventory (273,111) - - - (273,111) Deferred outflows related to pension 46,536 - - - 46,536 Deferred outflows related to OPEB (197,528) - - - (197,528) Deferred outflows related to GRDA Settlement 15,893 15,893 Accounts payable (445,585) 559,286 - - 113,701 Due to other funds - - 55,426 - 55,426 Due to employees 48,477 - - - 48,477 Refundable deposits (35,020) - - - (35,020) Total OPEB liability 53,007 - - - 53,007 Net pension obligation (156,131) - - - (156,131) Accrued compensated absences 35,198 - 3,854 - 39,052 Deferred inflows related to OPEB 153,652 - - - 153,652 Deferred inflows related to pension (3,969) - - - (3,969)

Net cash provided by operating activities 7,983,053$ 253,938$ 59,964$ 11,695$ 8,308,650$

Noncash activities:Assets contributed by governmental activities 1,458,957$ -$ -$ -$ 1,458,957$ Asset acquired by capital lease 285,663$ -$ -$ -$ 285,663$

1,744,620$ -$ -$ -$ 1,744,620$




89

Combining Statement of Net Position – Internal Service Funds – June 30, 2020

Internal Service Funds

Worker's Compensation

FundUnemployment

Fund

Health Insurance

Fund TotalASSETS

Current assets: Cash and cash equivalents 1,341,987$ 196,731$ 449,075$ 1,987,793$ Investments 130,702 - - 130,702 Other receivable 395,349 - - 395,349 Due from other funds 208,585 - - 208,585

Total current assets 2,076,623 196,731 449,075 2,722,429

Total assets 2,076,623 196,731 449,075 2,722,429


Accounts payable and accrued liabilities - - 560 560 Claims liability 503,243 13,886 107,697 624,826 Due to other funds - - 208,585 208,585

Total current liabilities 503,243 13,886 316,842 833,971

Total liabilities 503,243 13,886 316,842 833,971

NET POSITIONUnrestricted 1,573,380 182,845 132,233 1,888,458

Total net position 1,573,380$ 182,845$ 132,233$ 1,888,458$



90

Combining Statement of Revenues, Expenses and Changes in Net Position – Internal Service Funds - Year Ended June 30, 2020

Internal Service FundsWorker's

Compensation Fund

Unemployment Fund

Health Insurance Fund Total

REVENUESCharges for services 331,714$ 23,324$ 1,552,764$ 1,907,802$ Miscellaneous 94,452 - (5,975) 88,477

Total operating revenues 426,166 23,324 1,546,789 1,996,279

OPERATING EXPENSES Other services and charges 131,707 - 370,480 502,187 Insurance claims and expense (35,924) 20,676 1,071,708 1,056,460

Total operating expenses 95,783 20,676 1,442,188 1,558,647

Operating income 330,383 2,648 104,601 437,632

NON-OPERATING REVENUES Investment income 2,872 - - 2,872

Total non-operating revenue 2,872 - - 2,872

Income before transfers 333,255 2,648 104,601 440,504

Transfers out (177,453) - - (177,453) Change in net position 155,802 2,648 104,601 263,051

Total net position - beginning 1,417,578 180,197 27,632 1,625,407

Total net position - ending 1,573,380$ 182,845$ 132,233$ 1,888,458$



91

Combining Statement of Cash Flows – Internal Service Funds - Year Ended June 30, 2020

WORKER'S HEALTH

COMPENSATION UNEMPLOYMENT INSURANCEFUND FUND FUND TOTALS

CASH FLOWS FROM OPERATING ACTIVITIESReceipts from customers 929,340$ 23,324$ 1,585,286$ 2,537,950$ Payments to suppliers (131,707) - (369,920) (501,627) Payments to other funds - - 208,585 208,585 Payments from other funds (208,585) - - (208,585) Claims and benefits paid (677,889) (6,790) (1,057,578) (1,742,257) Net Cash Provided by (used in) Operating Activities (88,841) 16,534 366,373 294,066

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIESTransfers to other funds (177,453) - - (177,453) Net Cash Provided by (Used in) Non-Capital Financing Activities (177,453) - - (177,453)

CASH FLOWS FROM INVESTING ACTIVITIESInterest and dividends 2,872 - - 2,872 Sale (purchase) of investments (2,872) - - (2,872) Net Cash Provided by Investing Activities - - - -

Net Increase (decrease) in Cash and Cash Equivalents (266,294) 16,534 366,373 116,613

Balances - beginning of the year 1,608,281 180,197 82,702 1,871,180

Balances - end of the year 1,341,987$ 196,731$ 449,075$ 1,987,793$

Reconciliation to Statement of Net Position: Cash and cash equivalents 1,341,987$ 196,731$ 449,075$ 1,987,793$

Total cash and cash equivalents 1,341,987$ 196,731$ 449,075$ 1,987,793$

Reconciliation of operating income to net cash provided by (used in) operating activities: Operating income 330,383$ 2,648$ 104,601$ 437,632$ Change in assets and liabilities: Receivables, net 503,174 - 38,497 541,671 Due from other fund (208,585) (208,585) Accounts payable - 560 560 Due to other funds - - 208,585 208,585 Claims liability (713,813) 13,886 14,130 (685,797)Net Cash Provided by (used in) Operating Activities (88,841)$ 16,534$ 366,373$ 294,066$



92

Combining Schedule of Cash Flows – Discretely Presented Component Units - Year Ended June 30, 2020

MCFA MDRA MIPFA Total

CASH FLOWS FROM OPERATING ACTIVITIESReceipts from customers 100,105$ 262,675$ 63,964$ 426,744$ Payments to suppliers (91,246) (177,691) (3,336) (272,273) Payments to employees - (94,210) - (94,210) Net Cash Provided by (used in) Operating Activities 8,859 (9,226) 60,628 60,261

CASH FLOWS FROM INVESTING ACTIVITIESInterest and dividends - - 137 137 Net Cash Provided by Investing Activities - - 137 137

Net Increase (decrease) in Cash and Cash Equivalents 8,859 (9,226) 60,765 60,398

Balances - beginning of the year 167,394 28,579 111,358 307,331

Balances - end of the year 176,253$ 19,353$ 172,123$ 367,729$

Reconciliation to Statement of Net Position: Cash and cash equivalents 176,253$ 19,353$ 172,123$ 367,729 Total cash and cash equivalents 176,253$ 19,353$ 172,123$ 367,729$

Reconciliation of operating income (loss) to net cash provided by (used in) operating activities: Operating income (loss) (285,019)$ (111,395)$ 31,903$ (364,511)$ Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities: Depreciation expense 251,697 2,525 28,713 282,935 Other nonoperating revenue 493 112,883 - 113,376 Change in assets and liabilities: Other receivable 66,468 - - 66,468 Accounts payables (24,780) (13,083) 12 (37,851) Accrued compensated absences - (156) - (156) Net Cash Provided by (used in) Operating Activities 8,859$ (9,226)$ 60,628$ 60,261$



93

Schedule of Federal Awards

Federal Grantor/ Pass-through Federal C.F.D.A.Grantor/Program Title Number Grant I.D. Number Award Amount Expenditures

Institute of Museum and Library Services Pass through Oklahoma Department of Libraries English Language Instruction 45.310 F-19-122 5,000$ 3,951$ Health literacy 45.310 F-19-037 9,000 5,084 Subtotal Grants to States 45.310 14,000 9,035

Pass through Oklahoma Humanities Council Promotion of the Humanities 45.129 Y20.011 978 891 Promotion of the Humanities 45.129 Y19.057 1,000 1,000 Total Oklahoma Humanities Council 1,978 1,891 Total Institute of Museum and Library Services 15,978 10,926

Department of the Interior Pass through Oklahoma Department of Interior Outdoor Recreation Acquistion, Development and Planning 15.916 40-01231 291,825 17,885

Department of Homeland Security . Assistance to Firefighters grant 97.044 EMW-2017-FO-03596 8,200 392

Pass through Oklahoma Emergency Management

Saferoom 97.039 FEMA 4256 192,000 16,000

Total Department of Homeland Security 200,200 16,392

Department of Agriculture Community Facilities Loans and grants 10.766 USDA 50,000 50,000

Department of Justice State and Local HIDTA Task Force Grant 16.809 HIDTA Treas 303 18,344 15,352 JAG 16.017 LLE-2019_MIAMIK CI-0056 10,000 10,000 Total Department of Justice 28,344 25,352

US Department of the Treasury Coronavirus Relief Fund 21.019 N/A 4,055 4,055

Total Federal Awards 590,402$ 124,610$

Notes to Schedule of Expenditures of Federal Awards

Note A - Significant Accounting Policies - The accompanying schedule of expenditures of federal awards is prepared on the basis of accounting consistent with the definition of federal awards expended in the Uniform Guidance.

City of Miami, OklahomaSCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

Year Ended June 30, 2020



94

INTERNAL CONTROL AND COMPLIANCE INFORMATION



INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND

ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS

PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

The Honorable Mayor and Members of the City Council


We have audited, in accordance with the auditing standards generally accepted in the United States of America

and the standards applicable to financial audits contained in Government Auditing Standards issued by the

Comptroller General of the United States, the financial statements of the governmental activities, the business-

type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining

fund information of the City of Miami, Oklahoma (the “City”), as of and for the year ended June 30, 2020, and

the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and

have issued our report thereon dated December 28, 2020. Other auditors audited the financial statements of the

Miami Industrial Authority (“MIDA”), as described in our report on the City’s financial statements. This report

does not include the results of the other auditor’s testing of internal controls over financial reporting or

compliance and other matters that are reported separately by those auditors.

Internal Control Over Financial Reporting

In planning and performing our audit of the financial statements, we considered the City’s internal control over

financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances

for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an

opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the

effectiveness of the City’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or

employees, in the normal course of performing their assigned functions, to prevent, or detect and correct,

misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal

control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements

will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a

combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough

to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section

and was not designed to identify all deficiencies in internal control that might be material weaknesses or,

significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal

control that we consider to be material weaknesses. However, material weaknesses may exist that have not been

identified.

95


Compliance and Other Matters

As part of obtaining reasonable assurance about whether the City’s financial statements are free from material

misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and

grant agreements, noncompliance with which could have a direct and material effect on the determination of

financial statement amounts. However, providing an opinion on compliance with those provisions was not an

objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no

instances of noncompliance or other matters that are required to be reported under Government Auditing

Standards.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the

results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control or on

compliance. This report is an integral part of an audit performed in accordance with Government Auditing

Standards in considering the City’s internal control and compliance. Accordingly, this communication is not

suitable for any other purpose.

December 28, 2020

96

CITY OF MIAMI, OKLAHOMA

SCHEDULE OF FINDINGS AND RESPONSES


None in the current year.

97

CITY OF MIAMI, OKLAHOMA

SCHEDULE OF PRIOR YEAR FINDINGS AND RESPONSES


Finding 2019-001 Negative Fund Balances

Criteria: State law does not permit the City to incur deficit fund balances.

Condition: At June 30, 2019, the Grant Fund reported a deficit fund balance of $299,088.

Cause: Allowable expenditures incurred by the City had not been reimbursed by the granting agency which resulted in a deficit fund balance at year-end.

Effect: Delays in requesting or receiving grant reimbursements can cause negative fund balances until those funds are received by the City from the granting agency.

Recommendation: We recommend that the City ensure policies are in place to monitor its fund balance when large unreimbursed grant funds exist.

City’s Response: The Route 66 splash pad project is a reimbursable grant. The project period was from September 2017 through December 2019. The work for the splash pad was performed throughout FY 18-19 and both completion and reimbursement were expected that fiscal year. However, due to various construction errors/issues the project continued. Reimbursement is expected in the 3rd quarter of FY 19-20. The grant fund is a participant in pooled cash, which allows use of pooled cash reserves until reimbursement occurs. In the future we will be more cautious in reconciling regarding transfers of matching funds.

Current Year Status: This finding has been corrected in the current period.

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Page 1 of 1

RESOLUTION NO. CC2021-03

A RESOLUTION APPOINTING THE CITY OF MIAMI’S DESIGNEE TO THE OTTAWA COUNTY CRIMINAL JUSTICE AUTHORITY.

WHEREAS, the City of Miami and Ottawa County have a longstanding relationship of working together in a mutually beneficial relationship relating to the operation and maintenance of jail facilities in the best interests of all citizens of both political subdivisions of the State of Oklahoma, and WHEREAS, for the last year or so, the jail facility, owned and operated by Ottawa County, and utilized by the City, has had numerous problems, many of which have resulted in the closure of the facility for long periods of time, eliminating the City’s ability to incarcerate individuals, when deemed necessary, and WHEREAS, Ottawa County has initiated a process of creating a Jail Trust Authority, The Ottawa County Criminal Justice Authority, with the intent of to evaluate options and possible solutions to the problems and if deemed appropriate to actually build and/or manage the jail facility, and WHEREAS, Ottawa County has invited the City of Miami to designate a representative to serve on and represent the interests of the City on such Jail Trust Authority, and WHEREAS, Article 2, Section 6 of the Charter of the City of Miami, Oklahoma provides the City Council with "[a]ll powers of the city, …"

NOW THEREFORE, be it resolved that the Mayor hereby nominates and the Miami City Council approves the nomination of Bobby Carder to serve as the City’s representative on The Ottawa County Criminal Justice Authority for a period of one year, with Gary Reynolds to serve as his alternate, also for a period of one year, in the event Mr. Carder should ever, for any reason, become unable to serve in that capacity.

PASSED AND APPROVED this January 19, 2021.

[seal]

____________________________________ Bless Parker

Mayor, City of Miami, Oklahoma

ATTEST: APPROVED:

______________________________ __________________________________ City Clerk, City of Miami, Oklahoma Ben Loring, City Attorney