Financial Statements – ISANTI COUNTY



The purpose of this report is to provide a summary of financial information concerning Isanti County for interested citizens. These summary financial statements are being published annually as required by Minnesota Stat. 375.17. For more timely financial information or questions about this report please contact Chad Struss, Isanti County Auditor-Treasurer at (763) 689-1644.



Position Name Phone


1st District Dave Oslund (612) 282-6222

2nd District Terry Turnquist (320) 396-4134

3rd District Greg Anderson (763) 444-4497

4th District Mike Warring (763) 444-4261

5th District Susan Morris (763) 689-8199



Attorney Jeffrey R. Edblad (763) 689-2253

Auditor-Treasurer Chad Struss (763) 689-1644

Recorder Connie Lindberg (763) 689-1191

Sheriff Chris Caulk (763) 689-2141


Administrator Kevin VanHooser (763) 689-3859

A Users Guide to County Financial Statements

The following definitions will help citizens understand the terminology that is used in the countys financial statement.

Basic Financial Statements

Isanti Countys basic financial statement consists of three parts: government-wide financial statements, fund financial statements, and notes to the financial statements. The managements discussion and analysis and certain budgetary comparison schedules are required to accompany the basic financial statements and, therefore, are included as required supplementary information in the full and complete set of Isanti Countys financial statements available upon request.

Government-wide financial statements display information about the countys financial reporting entity as a whole, except for its fiduciary activities. These statements should present separate information for the governmental activities of the county (primary government) as well as its component units.

Fund financial statements display separate financial information for the countys governmental and fiduciary funds. Information for governmental funds is presented separately for major funds. Fiduciary fund information is presented in aggregate by fund type.

Notes to the financial statements provide additional detail and disclosure for information in the financial statements. These notes may be found in the full and complete set of Isanti Countys financial statements available upon request.

Governmental activities are generally activities of the county financed through taxes, intergovernmental revenues, and other non-exchange revenues. These activities are usually reported in governmental funds.

Financial reporting entity consists of the primary government (county), other organizations for which the county is financially accountable, and other organizations for which the nature and significance of their relationship with the county are such that exclusion would cause the reporting entitys financial statements to be misleading or incomplete. The primary government, the county, is the nucleus of the countys financial reporting entity.

Primary government is a term used in connection with defining the financial reporting entity. The primary government is the focus of the financial reporting entity. For the county, the primary government represents the financial activities, funds, or accounts directly under the control of the county board.

Component unit describes a legally separate organization for which the county board is financially accountable. In addition, component units can be other organizations for which the nature and significance of their relationship with the county are such that exclusion would cause the reporting entitys financial statements to be misleading or incomplete. Isanti County classifies the Isanti County Economic Development Authority (EDA) as a component unit, but the EDA has not conducted any financial operations and, therefore, is not included in the countys financial statements.

County Governmental Fund Types

The General Fund is the general operating fund of the county. It is used to account for all financial resources, except those that are required to be accounted for in another fund.

Special Revenue Funds are used to account for the proceeds of specific revenue sources that are legally restricted for specified purposes. The county reports two special revenue funds: the Road and Bridge Fund and the Human Services Fund.

Debt Service Funds are used to account for the accumulation of resources for, and the payment of principal, interest, and related costs of general long-term debt.

Capital Projects Funds are used to account for financial resources to the used for the acquisition or construction of major capital facilities.

County Fiduciary Funds

Agency Funds are used to account for assets held by the county as an agent for individuals, private organizations, other governments, or other county funds (such as taxes collected and held by the county for a school district).

Character Classification of County Expenditures

The countys governmental expenditures are classified by character or the periods expenditures are presumed to benefit. The county has the following character classifications:

Current operating expenditures are presumed to benefit the current fiscal period.

Debt service is presumed to benefit prior fiscal periods as well as current and future periods and includes amount expended for the payment of principal, interest, and other costs associated with debt.

Capital outlays are presumed to benefit current and future fiscal periods and include amounts expended for the construction or acquisition of county capital assets.

Intergovernmental expenditures represent resources transferred by the county to other governments.

Classification of County Functions

Functions are a group of related activities aimed at accomplishing a major service or regulatory program for which the county is responsible. The county has the following function classifications:

The General Government function includes expenditures for general county activities such as the county commissioners, county administration, county attorneys office, county auditor-treasurers office, county assessors office, court administration, the planning and zoning office, and other county general service offices.

Public Safety relates to the objective of protection of persons and property and includes expenditures for corrections activities, operations of the sheriffs department, the county jail, and emergency services.

Highways and Streets includes expenditures relating to the construction and maintenance of county highways and streets.

Human Services represents activities designed to provide public assistance and institutional care for individuals unable to provide for their own essential needs. These programs include child support collection, child welfare, chemical dependency, medical assistance, and others.

Health involves all activities involved in the conservation and improvement of public health. This function includes expenditures for the county public health department, nursing services, maternal and child health, supplemental nutrition programs, and programs to protect public and private water systems.

Culture and Recreation involves cultural and recreational activities maintained for the benefit of county residents and visitors. These activities include county libraries, parks, and other recreation programs.

Conservation of Natural Resources involves activities designed to conserve and develop such natural resources as water, soil, and forests and includes such programs as soil and water conservation and county extension.

Economic Development and Transit activities are directed toward economically developing the county, providing assistance to (and opportunity for) economically disadvantaged persons or businesses, and include programs conducted by the Chisago-Isanti Heartland Express.


Summary of Isanti Countys Statement of Net Position

December 31, 2015

Summary of Isanti Countys Statement of Activities

For the Year Ended December 31, 2015


A Summary Balance Sheet of Governmental Funds

December 31, 2015

A Summary of Governmental Funds Revenues and Expenditures

For the Year Ended December 31, 2015

A Summary of Fiduciary Funds Net Assets

As of and for the Year Ended December 31, 2015

Major Recipients of Isanti County Expenditures

The following is a list of the recipients of Isanti County expenditures totaling $5,000 or more during 2015. The list does not include salaries paid to county employees, payments to medical providers under the self-funded portion of the countys employee health insurance, or federal, state, or county human services aid paid to individuals.


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