Legislative Audit
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Phone: 605-773-3595 | C/O 500 E. Capitol
Public Assurance Alliance - Vested Amount at Coverage Term
Year:
2017
2018
2019
2020
Member:
Aberdeen Civil Township
Aberdeen, City of
Alban Township
Alexandria Fire District
Alexandria, City of
Allen Township
Alpena, Town of
American Creek Conservation District
Andover Township
Andover, Town of
Astoria, City of
Athol Township
Aurora County
Aurora County Conservation District
Aurora, City of
Avon, City of
Badger, City of
Badlands Conservation District
Baker Township
Baltic, City of
Batesland, City of
Beadle Conservation District
Beadle County
Belle Fourche Irrigation District
Belle Fourche, City of
Belvidere, City of
Bennett County
Bennett County Conservation District
Black Hills Council of Local Governments
Blucksberg Mountain Estates Road District
Blunt, City of
Bon Homme County
Bonesteel, City of
Boulder Park Road District #2
Box Elder, City of
Brainard Township
Brandon, City of
Brandt, Town of
Brant Lake, City of
Bridgewater, City of
Bristol, City of
Britton, City of
Broadland Township
Brookings - Sole, City of
Brookings County
Brookings County Conservation District
Brookings Municipal Utilities
Brookings, City of
Brown Co Mud Creek Watershed District
Brown County
Brown-Marshall Conservation District
Buffalo County
Buffalo Gap, Town of
Buffalo, City of
Burke, City of
Butler Township
Butte Conservation District
Butte County
Cambria Township
Camp Crook, Town of
Campbell County Conservation District
Canova, Town of
Canton, City of
Canyon Springs Preserve Road District
Canyon Springs Sanitary & Water District
Carthage Township
Carthage, City of
Castlewood Ambulance District
Castlewood Fire District
Castlewood Township
Castlewood, City of
Cavour, Town of
Cedar Hills Road District
Centennial Hills Road District
Centerville, City of
Central City, City of
Central Plains Water Development District
Central SD Enhancement District
Chancellor, Town of
Charles Mix Conservation District
Charles Mix County
Chelsea, Town of
Choteau Creek Township
Claire City Fire Protection District
Claire City, Town of
Claremont, City of
Clark County
Clark County Conservation District
Clark, City of
Clay County
Clay County Conservation District
Clear Lake, City of
Clearfield-Keyapaha & Hamill Conservation District
Codington County
Codington County Soil Conservation District
Colman, City of
Columbia Area Rural Fire Protection District
Columbia Township
Columbia, City of
Conde Rural Fire District
Conde, City of
Corona, Town of
Corson Conservation District
Corson County
Corson Village Sanitary District
Crooks, City of
Custer Ambulance District
Custer Conservation District
Custer County
Custer Fall River Waste Management District
Custer Township
Custer, City of
Dakota Dunes Community Improvement District
Dallas, Town of
Darlington Township
Davis, Town of
Davison Conservation District
Davison County
Day County
Day County Conservation District
Dayton Township
Deadwood, City of
Dell Rapids, City of
Delmont, City of
Deuel County
Deuel County Conservation District
Diamond E Road District
Dixon Township
Doland, City of
Douglas County
Douglas County Conservation District
Draper, Town of
Dumarce Township
Dunkel Township
Dupree, City of
Eagle Butte, City of
East Custer Sewer & Water District
East Jones County Fire District
East Pennington Conservation District
Eden Township
Edens Township
Edgemont Ambulance District
Edgemont, City of
Edmunds County
Edmunds County Conservation District
Egan, City of
Elk Creek Conservation District
Elmira Township
Elrod Township
Esmond Township
Eureka, City of
Fairburn, Town of
Fairfax, Town of
Fairview Township
Fairview, Town of
Fall River Conservation District
Fall River County
Faulk County
Faulk County Soil Conservation District
Faulkton, City of
First District Association of Local Governments
Flandreau, City of
Florence, City of
Foxton Township
Freeman, City of
Ft. Pierre, City of
Fuller Township
Garden Prairie Township
Garland Township
Garretson, City of
Gary, City of
Gem Township
Gettysburg, City of
Grant County
Grant County Conservation District
Gregory County
Gregory County Conservation District
Gregory, City of
Grenville, Town of
Groton, City of
Haakon County Conservation District
Hamlin County
Hamlin County Conservation District
Hand County
Hand County Conservation District
Hanson County
Hanson County Conservation District
Harding County Conservation District
Harding County
Harmon East & West Township
Harrisburg, City of
Harrold, City of
Hartford Area Industrial Park Road District
Hartford, City of
Hartland Township
Hayti, Town of
Health Pool of South Dakota
Health Pool of South Dakota Board of Directors
Hecla, City of
Henry Township
Hermosa, City of
Herrick, City of
Hickman Township
Highland Township - Canton
Highland Township - Wagner
Highland Township - Webster
Hill City, City of
Hillside Township
Hoffman Township
Hosmer, City of
Hot Springs, City of
Hoven, City of
Howard, City of
Hudson, City of
Hughes County
Hughes County Conservation District
Hurley, City of
Huron, City of
Hutchinson County
Hutchinson County Conservation District
Hyde County
Hyde County Conservation District
Interior, Town of
Iroquois, City of
Isabel, City of
Jackson County
Jackson County Conservation District
Java, Town of
Jerauld County
Jerauld County Conservation District
Jones County
Jones County Conservation District
Jones Township
Kennebec, Town of
Keystone, Town of
Kidder Township
Kingsbury Conservation District
Kingsbury County
Lake Andes, City of
Lake City, Town of
Lake Cochrane Sanitary District
Lake County
Lake County Conservation District
Lake Herman Sanitary District
Lake Madison Sanitary District
Lake Pelican Water Project District
Lake Preston, City of
Langford, Town of
Lansing Township
Lawrence County
Lawrence County Conservation District
Lawrence Township
Lead, City of
Lead-Deadwood Sanitary District
Lebanon, Town of
Lee Township
Lennox, City of
LeSueur Township
Lien Township
Lincoln Conservation District
Lincoln Township
Long Lake, Town of
Lowe Township
Lyman County
Lyons Township
Lyons Volunteer Fire Department
Madison, City of
Marion, City of
Marshall County
Marshall County Conservation District
Martin, City of
Mathews Township
McCook County
McCook County Soil Conservation District
McIntosh, City of
McLaughlin, City of
McPherson County
McPherson County Conservation District
Meade County
Meade County Rural Ambulance District
Meadow Crest Sanitary District
Mellette County
Mellette County Conservation District
Mellette Township
Metro Communications
Midland, Town of
Milbank, City of
Miller, City of
Miner Conservation District
Miner County
Minnehaha Conservation District
Minnehaha County
Minnesota Township
Mission Hill, City of
Mission, City of
Mitchell, City of
Monroe, City of
Montpelier Township
Montrose, City of
Moody County
Moody County Conservation District
Morristown, Town of
Mountain Pines Road District
Mt. Vernon, City of
Murdo, City of
New Effington, Town of
New Underwood, City of
New Witten, City of
Newell, City of
Nisland, City of
North Detroit Township
North Marsh Lake Watershed District
North Sioux City, City of
Northeast Box Canyon Road District
Northwest SD Regional Landfill Assn.
Oacoma, Town of
Oelrichs, City of
Oglala Lakota County
Oneota Township
Ordway Township
Ortley, Town of
Parker, City of
Peever, City of
Pennington Conservation District
Pennington County
Perkins County Conservation District
Pickerel Lake Sanitary District
Pickstown, Town of
Piedmont, City of
Pierpont, City of
Pierre, City of
Planning & Development District III
Potter County Conservation District
Prairie Village
Quinn, Town of
Rauville Township
Ree Heights, Town of
Renner Sanitary District
Richland Township
Richland Township - Mina
Roberts Conservation District
Roberts County
Roscoe, City of
Rosefield Township
Roslyn, Town of
Rusk Township
Sanborn County
Sanborn County Conservation District
SDML Workers' Compensation Fund
SDML Workers' Compensation Fund Board of Directors
Sherman, City of
Sioux Falls Regional Airport Authority
Sioux Falls, City of
Sisseton, City of
South Brown Conservation District
South Dakota Association of County Commissioners
South Dakota Municipal League
South Dakota Public Assurance Alliance Board of Directors
South Dakota Public Funds Investment Trust
South Detroit Township
South Eastern Council of Governments
Southern Missouri Recycling & Waste Management District
Spearfish Rural Fire Protection District
Spearfish, City of
Spink Conservation District
Spirit Lake Township
Spring Creek-Cow Creek Sanitary District
Spring Valley Township
Spring Valley Township - Bradley
Springfield, City of
Springlake Township
St. Francis, Town of
St. Lawrence, Town of
Stanley County
Stanley County Conservation District
Star Valley Township
Stockholm, City of
Stratford, City of
Sturgis, City of
Sully County
Sully County Conservation District
Summerset, City of
Summit, Town of
Sumner Township
Sunset Ranch Road District
Swan Lake Township
Tea, City of
Timber Lake, City of
Todd County
Todd County Conservation District
Tolstoy, Town of
Toronto, Town of
Trent, Town of
Tri-County Conservation District
Tripp County
Tripp, City of
Turner Conservation District
Turton, Town of
Union Township
Union Township - Howes
University & Bridle Estates Sanitary District
Upper Crow Creek Watershed District
Valley Springs, City of
Veblen, City of
Vermillion, City of
Viborg, City of
Vilas, Town of
Virgil, Town of
Volga, City of
Wagner, City of
Wahehe Township
Wall, City of
Walworth County
Walworth County Conservation District
Ward Township
Warner Township
Warner, Town of
Wasta, Town of
Watertown, City of
Waubay, City of
Wayne Township
Webster Township
Webster, City of
Wessington, City of
West Dakota Water Development District
West Rondell Township
Westport, City of
White Butte Township
White River, City of
White, City of
Whitewood Township
Whitewood, City of
Willow Lake, City of
Wilmot, City of
Wood, City of
Woodland Hills Sanitary District
Woonsocket, City of
Worthing, City of
Yale, Town of
Yankton County Conservation District
Yankton, City of
Ziebach County Conservation District
Member
Year
Vested Amount at Coverage Term
Vested Balance
Non Vested Balance
As of January 1, 2018, the SDPAA changed the methodology for calculating the amount available for refund from a particpating member. Due to this change the entity will be required to report the change in the amount on the financial statements.
The "Vested Amount at Coverage Term" should be reported as an asset (Deposits) at the end of the year
Balance Sheet accounts affected are as follows:
Fund Financial statements:
- Deposits and Nonspendable Fund Balance
Government-wide financial statements:
- Deposits (Other Assets) and Restricted Net Asset
Operating Statement/Statement of Activities affect:
The change in the amount available for refund should be accounted for as an increase or (decrease)in the insurance expenditures/expenses. OR the change in the amount available for refund may be reported as an extraordinary item in the current period due to the change in the methodology of determining the amount available for refund. (If Material)
In future periods the change in the amount available for refund will be accounted for as an increase or decrease in the insurance expenditures/expenses.
The "Vested Amount at Coverage Term" will be necessary to complete the notes to the financial statements.
Cash basis entities will not need to report any deposits on their financial statements unless they "modify" their basis of accounting for recording "receivables arising from cash transactions"; however, they should still disclose the information in the Notes to the Financial Statements.
A revised "Risk Management - Liability Insurance" note is available on the website.