Lane County, Oregon Statement of Net Assets June 30, Governmental Activities. Business-type

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Lane County, Oregon Statement of Net Assets June 30, 2010. Governmental Activities. Business-type"

Transcription

1 Statement of Net Assets June 30, 2010 Governmental Activities Business-type Activities Assets Current assets Cash and cash equivalents $ 152,238,503 $ 32,077,526 $ 184,316,029 Investments - 3,748,272 3,748,272 Receivables (net of uncollectibles) 22,405,666 3,786,862 26,192,528 Internal balances (5,542,961) 5,542,961 - Inventories 2,621,198 66,508 2,687,706 Prepaids 117,218 64, ,458 Total current assets 171,839,624 45,286, ,125,993 Noncurrent assets Restricted assets: Cash and cash equivalents - 571, ,486 Investments 1,515,500 2,339,864 3,855,364 Investments in limited partnerships - 1,623,468 1,623,468 Deferred charges 870,913 1,232,894 2,103,807 Deposits 50,000 3,683 53,683 Loans receivable - 4,947,655 4,947,655 Net pension asset 61,825,445-61,825,445 Capital assets: Land and construction in progress 25,387,651 26,000,507 51,388,158 Other capital assets (net of accumulated depreciation) 314,725,096 49,295, ,020,651 Total noncurrent assets 404,374,605 86,015, ,389,717 Total assets 576,214, ,301, ,515,710 Liabilities Current liabilities Accounts payable 9,391,014 2,027,329 11,418,343 Wages and benefits payable 3,829, ,139 4,314,887 Due to other governments 4,267-4,267 Interest payable 571,036 61, ,741 Unearned revenue 152, ,247 1,141,544 Customer deposits 253, , ,270 Current portion of noncurrent liabilities 15,387,630 2,609,024 17,996,654 Total current liabilities 29,589,125 6,446,581 36,035,706 Noncurrent liabilities 116,449,022 9,850, ,299,446 Total liabilites 146,038,147 16,297, ,335,152 Net assets Invested in capital assets, net of related debt 292,767,770 67,896, ,664,535 Restricted for: Capital projects 584, ,303 Debt service 531, ,466 Health and human services 5,680,711-5,680,711 Special revenue / services 5,199,504-5,199,504 Roads 45,128,590-45,128,590 Title III projects 4,307,730-4,307,730 LaneCare 12,441,229-12,441,229 Housing and community services - 2,339,864 2,339,864 Self insurance 1,515,500-1,515,500 Other purposes 2,283,242-2,283,242 Unrestricted 59,736,037 44,767, ,503,884 Total net assets $ 430,176,082 $ 115,004,476 $ 545,180,558 Total 27

2 Statement of Activities For the Fiscal Year Ended June 30, 2010 Functions/Programs Direct Expenses Indirect Expenses Allocation Governmental activities General government $ 34,018,987 $ (11,049,760) Public safety 68,664,067 3,492,705 Public health and welfare 76,820,035 3,907,570 Parks 2,155, ,647 Roads and bridges 36,188,699 1,840,794 Community development 6,125, ,560 Interest on long-term debt 6,981,018 - Total governmental activities 230,953,435 (1,387,484) Business-type activities Lane events center 3,936,005 4,836 Solid waste disposal 13,143, ,932 Regional information systems 5,803, ,627 Housing and community services 25,147,875 - Corrections commissary 246,022 10,728 Land management 3,783, ,361 Total business-type activities 52,060,037 1,387,484 Total government $ 283,013,472 $ - 28

3 Charges for Services Program Revenues Operating Grants and Contributions Capital Grants and Contributions Governmental Activities Net (Expense) Revenue and Changes in Net Assets Business-type Activities Total $ 6,709,507 $ 10,651,409 $ - $ (5,608,311) $ - $ (5,608,311) 19,303,348 15,261,191 - (37,592,233) - (37,592,233) 42,441,369 40,733,277-2,447,041-2,447,041 1,034, ,454 - (810,504) - (810,504) 3,147,249 34,676,857 - (205,387) - (205,387) 3,709, ,577 - (2,003,424) - (2,003,424) (6,981,018) - (6,981,018) 76,345, ,466,765 - (50,753,836) - (50,753,836) 2,639,207 41, (1,259,671) (1,259,671) 15,197,089 12, ,727,686 1,727,686 8,003, ,819,024 1,819,024 3,616,689 19,794, ,992 - (1,032,214) (1,032,214) 60, , (20,994) (20,994) 3,646, (787,858) (787,858) 33,164,585 20,024, , , ,973 $ 109,509,935 $ 122,491,682 $ 703,992 (50,753,836) 445,973 (50,307,863) General Revenues: Property taxes 36,042,688-36,042,688 Transient room taxes 3,617,406-3,617,406 Car rental taxes 1,097,859-1,097,859 O&C timber receipts 12,205,277-12,205,277 Unrestricted investment earnings 1,745, ,841 2,550,670 Grants not restricted to specific programs 5,063,935-5,063,935 Transfers (863,224) 863,224 - Total general revenues and transfers 58,909,770 1,668,065 60,577,835 Change in net assets 8,155,934 2,114,038 10,269,972 Net assets, June 30, ,020, ,890, ,910,586 Net assets, June 30, 2010 $ 430,176,082 $ 115,004,476 $ 545,180,558 29

4 Balance Sheet Governmental June 30, 2010 General Road Special Revenue / Services Assets Cash and cash equivalents $ 24,095,911 $ 44,713,720 $ 3,800,313 Receivables (net of uncollectibles): Investment earnings 160, ,016 21,136 Property taxes 2,105, Accounts 3,079, , ,001 Intergovernmental 2,065,589 2,052,627 2,327,181 Other Interest on balances 1,582, Due from other funds 27, Interfund loans receivable ,000 Inventories 206,086 1,554,163 - Total assets $ 33,322,532 $ 49,035,903 $ 7,260,631 Liabilities Accounts payable $ 888,153 $ 1,515,520 $ 648,042 Wages and benefits payable 1,769, , ,422 Due to other funds 1,027, , ,055 Due to other governments 4, Deferred revenue 5,525, ,704 10,000 Interfund loans payable ,000 Customer deposits 148, Advances from other funds - 500,000 - Total liabilities 9,364,588 3,147,897 1,466,519 Fund balances Reserved for inventories 206,086 1,554,163 - Unreserved 23,751,858 44,333,843 5,794,112 Unreserved, reported in nonmajor: Special revenue funds Debt service funds Capital projects funds Total fund balances 23,957,944 45,888,006 5,794,112 Total liabilities and fund balances $ 33,322,532 $ 49,035,903 $ 7,260,631 30

5 Health and Human Services LaneCare Other Governmental Total Governmental $ 4,021,005 $ 13,431,706 $ 17,568,108 $ 107,630,763 21,685 72, , , ,892 2,308, , ,611 5,060,975 4,382,795-1,260,530 12,088, , , ,887 1,635, , , ,944-11,981 1,881,174 $ 8,945,822 $ 13,504,421 $ 19,642,509 $ 131,711,818 $ 1,417,348 $ 990,576 $ 2,149,508 $ 7,609, ,542 26, ,005 3,583, ,638 16, ,145 2,144, , ,361 5,995, , , , ,000 2,589,756 1,033,151 2,739,024 20,340, ,944-11,981 1,881,174 6,247,122 12,471,270-92,598, ,382,590 7,382, , , ,194,058 9,194,058 6,356,066 12,471,270 16,903, ,370,883 $ 8,945,822 $ 13,504,421 $ 19,642,509 $ 131,711,818 31

6 Reconciliation of the Balance Sheet of Governmental to the Statement of Net Assets For the Fiscal Year Ended June 30, 2010 Total fund balances - governmental funds $ 111,370,883 Amounts reported for governmental activities in the statement of net assets are different because: Internal service funds are used by management to charge the costs of certain activities to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the statement of net assets. $ 47,881,028 An adjustment is required to eliminate net internal service fund losses back to the activities that helped finance them. The adjustment related to enterprise activities is required in this reconciliation. (5,300,764) 42,580,264 Capital assets are not financial resources in governmental funds, but are reported in the statement of net assets at their depreciable value: Land 9,833,984 Construction in progress 15,553,667 Buildings and land improvements 118,816,909 Equipment and furniture 13,325,882 Infrastructure 326,035, ,565,632 Less accumulated depreciation (155,875,697) 327,689,935 Prepaid expenses are not financial assets in governmental funds, but are reported in the statement of net assets at cost. 117,218 Certain assets will be collected after year-end but are not available soon enough to pay for the current period's expenditures, and therefore are deferred in governmental funds: Receivables: Property taxes 2,178,765 Court fines 3,533,015 Road assessments 131,728 5,843,508 Debt issuance costs are expensed in governmental funds in the year paid, but are capitalized on the statement of net assets as deferred charges and amortized over the life of the debt: Bonds payable 318, ,488 Certain liabilities are not due and payable in the current period, and are therefore not reported in governmental funds: Compensated absences payable (5,888,125) Interest payable (294,239) Bonds payable, net of premiums and discounts (51,561,850) (57,744,214) Total net assets - governmental activities $ 430,176,082 32

7 33

8 Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental For the Fiscal Year Ended June 30, 2010 General Road Special Revenue / Services Revenues Taxes and assessments, net of refunds $ 33,849,035 $ 132,183 $ 3,616,643 Licenses and permits 785, ,228 - Intergovernmental 30,716,458 34,055,137 18,997,827 Charges for services 3,296,554 2,078,051 1,599,320 Fines, forfeitures and penalties 601,610-2,065,760 Administrative and facility charges ,037 Investment earnings 484, ,268 74,559 Sale and rental of property 808, , ,695 Total revenues 70,542,749 37,405,107 26,575,841 Expenditures: Current: General government 10,329, , ,000 Public safety 54,735,338-16,988,142 Public health and welfare - - 2,352,301 Parks ,658 Roads and bridges - 30,133,857 - Community development - - 3,241,398 Debt service: Principal Interest - - 1,586 Bond issuance costs Capital outlay 118,657 7,003,833 3,379,721 Total expenditures 65,183,147 37,391,960 26,841,806 Excess (deficiency) of revenues over (under) expenditures 5,359,602 13,147 (265,965) Other financing sources (uses): Transfers in 955,390 54,219 4,196,405 Transfers out (7,990,700) (1,331,948) (2,236,733) Bonds issued Refunding bonds issued Bond premium Payment to refunded bond escrow agent Total other financing sources (uses) (7,035,310) (1,277,729) 1,959,672 Net change in fund balances (1,675,708) (1,264,582) 1,693,707 Fund balance, June 30, ,625,277 47,176,528 4,100,405 Increase (decrease) in inventories 8,375 (23,940) - Fund balance, June 30, 2010 $ 23,957,944 $ 45,888,006 $ 5,794,112 34

9 Health and Human Services LaneCare Other Governmental Total Governmental $ - $ - $ 3,500,122 $ 41,097, , ,590 2,161,194 34,813,465 26,825,233 23,861, ,269,499 5,662,132 36,036 5,058,650 17,730,743 1,925-73,859 2,743, ,634,486 1,671,523 68, , ,129 1,987, ,108,730 3,344,838 41,384,799 27,091,206 37,006, ,006, ,472,684 21,917,106 2,176, ,475 74,001,285 40,217,173 25,757,612 15,765,702 84,092, ,257,840 2,275, ,946 30,468, ,192,108 6,433, ,164,713 9,164, ,108,319 2,109, ,054 74,054 59,138-12,722,745 23,284,094 42,452,641 25,757,612 56,194, ,821,752 (1,067,842) 1,333,594 (19,187,641) (13,815,105) 3,722,801-5,726,755 14,655,570 (714,385) (331,369) (3,391,178) (15,996,313) ,125,000 24,125, ,805,000 3,805, ,374,381 1,374, (4,035,596) (4,035,596) 3,008,416 (331,369) 27,604,362 23,928,042 1,940,574 1,002,225 8,416,721 10,112,937 4,378,568 11,469,045 8,482, ,232,345 36,924-4,242 25,601 $ 6,356,066 $ 12,471,270 $ 16,903,485 $ 111,370,883 35

10 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental to the Statement of Activities For the Fiscal Year Ended June 30, 2010 Net change in fund balances - governmental funds $ 10,112,937 Amounts reported for governmental activities in the statement of activities are different because: Internal service funds are used by management to charge the costs of certain activities to individual funds. The change in internal service fund net assets is included with governmental activities in the statement of activities: Change in net assets $ 5,941,684 An adjustment is required to eliminate net internal service fund activity back to the activities that helped finance them. The adjustment related to enterprise activities is required in this reconciliation. (1,207,319) 4,734,365 Governmental funds report capital outlays as expenditures; in the statement of activities the cost of those assets is allocated over their estimated useful lives as depreciation expense: Construction in progress 13,995,119 Buildings and land improvements 86,175 Equipment and furniture 1,185,281 Infrastructure 9,847,386 Depreciation expense (13,105,980) 12,007,981 Governmental funds do not report prepaid expenses; in the statement of activities prepayments are expensed when incurred. (65,559) Certain revenues may not be collected for several months after year end; they are not considered "available" and are deferred in the governmental funds: Receivables: Property taxes 242,212 Court fines (1,244,844) Road assessments (7,095) (1,009,727) The issuance of long-term debt (notes, bonds, capital leases) provides current financial resources to governmental funds; the repayment of long-term debt consumes current financial resources in the governmental funds. Current period long-term debt transactions were: Bond Issuance costs 160,965 Bond Proceeds (27,930,000) Bond Premium (1,275,696) Bond principal payments 6,880,000 Deposits (mortgage reserves) (1,061,662) Note principal payments 6,134,713 (17,091,680) Increases in inventory in governmental funds increase expenses 25,601 Note and bond premiums, discounts and issuance costs are reported in governmental funds in the year received or paid, but are capitalized on the statement of net assets and amortized over the life of the notes and bonds: Note issuance cost amortization (118,156) Bond premium amortization 75,135 Bond discount amortization (7,579) Bond issuance cost amortization (47,323) (97,923) Some items reported in the statement of activities do not require the use of current financial resources and therefore are not reported as expenditures in governmental funds: Increase in accrued interest (120,137) Increase in accrued compensated benefits (322,788) (442,925) The net effect of various miscellaneous transactions involving capital assets (sales and dispositions, trade-ins, and donations) (17,136) Change in net assets - governmental activities $ 8,155,934 36

11 Statement of Fund Net Assets Proprietary June 30, 2010 Lane Events Center Assets Current assets Cash and cash equivalents 596,212 Solid Waste Disposal Regional Information Systems Housing and Community Services Other Enterprise Total Enterprise Governmental Activities- Internal Service $ $ 23,544,435 $ 4,045,126 $ 2,332,138 $ 1,559,615 $ 32,077,526 $ 44,607,740 Investments ,748,272-3,748,272 - Receivables (net of uncollectibles): Investment earnings 3, ,662 20,186-6, , ,488 Accounts 24,741 1,163,930 46,642 62,432 8,738 1,306, ,771 Intergovernmental , ,278 80,630 Other ,336,238-1,336,238 - Due from other funds ,516,427 Inventories 11, ,711-66, ,024 Prepaids 10, ,108-64,240 - Total current assets 646,285 24,838,522 4,111,954 8,571,682 1,574,965 39,743,408 48,347,080 Noncurrent assets Advances to other funds - 500, ,000 - Restricted assets: Cash and cash equivalents , ,486 - Investments ,339,864-2,339,864 1,515,500 Investments in limited partnerships ,623,468-1,623,468 - Deferred charges ,232,894-1,232, ,425 Deposits ,683-3,683 50,000 Loans receivable ,947,655-4,947,655 - Net pension asset ,825,445 Capital assets: Land 1,070,568 2,162,107-8,859,865-12,092,540 - Buildings and land improvements 24,233,581 20,006,364-44,999,162-89,239, ,597 Equipment and furniture 2,227,688 1,587,759 4,527,871 2,222,070 49,485 10,614,873 29,283,813 Construction in progress 70,854 4,917,225 8,114, ,769-13,907,967 - Accumulated depreciation (15,886,505) (7,494,864) (3,196,277) (23,934,618) (46,161) (50,558,425) (17,096,598) Total noncurrent assets 11,716,186 21,678,591 9,445,713 43,671,298 3,324 86,515,112 76,366,182 Total assets 12,362,471 46,517,113 13,557,667 52,242,980 1,578, ,258, ,713,262 Liabilities Current liabilities Accounts payable 47, , , ,895 79,055 2,027,329 1,781,867 Wages and benefits payable 31, , ,200 60,908 82, , ,924 Compensated absences payable 33, , , , , , ,505 Claims payable - 227, ,000 3,384,000 Due to other funds 21, ,205 64,683-50, , ,969 Interest payable ,705-61, ,797 Unearned revenue 194, , ,247 - Customer deposits , ,137 - Notes payable 38, ,307,831-1,346,660 - Bonds payable ,000-55,000 1,690,000 Total current liabilities 366,549 1,798, ,718 3,571, ,659 6,704,384 7,925,062 Noncurrent liabilities Escrow deposits , ,810 - Net OPEB obligation ,989,937 Notes payable 3, ,252,945-5,256,420 - Bonds payable (net of unamortized discounts , ,217 65,917,235 Landfill closure and postclosure care liability - 3,520, ,520,977 - Total noncurrent liabilities 3,475 3,520,977-6,325,972-9,850,424 68,907,172 Total liabilities 370,024 5,319, ,718 9,897, ,659 16,554,808 76,832,234 Net assets Invested in capital assets, net of related debt 11,673,882 21,178,591 9,445,713 25,595,255 3,324 67,896,765 12,422,812 Restricted for: Housing and community services ,339,864-2,339,864 - Self insurance ,515,500 Unrestricted 318,565 20,019,318 3,470,236 14,410,658 1,248,306 39,467,083 33,942,716 Total net assets $ 11,992,447 $ 41,197,909 $ 12,915,949 $ 42,345,777 $ 1,251, ,703,712 $ 47,881,028 Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds. 5,300,764 Net assets of business-type activities $ 115,004,476 Business-Type Activities - Enterprise 37

12 Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary For the Fiscal Year Ended June 30, 2010 Business-Type Activities Enterprise Lane Events Center Solid Waste Disposal Operating revenues Licenses and permits $ - $ - Intergovernmental - - Charges for services 1,426,862 14,613,791 Rents pledged as security for revenue bonds - - Fines, forfeitures and penalties - 1,697 Administrative and facility charges - - Sale and rental of property 1,212, ,621 Total operating revenues 2,639,207 15,196,109 Operating expenses Personnel services 1,192,205 6,598,434 Materials and services 1,900,133 6,586,877 Landfill closure and postclosure care costs - 126,315 Depreciation 1,010, ,202 Total operating expenses 4,103,065 14,057,828 Operating income (loss) (1,463,858) 1,138,281 Nonoperating revenues (expenses) Intergovernmental 41,963 12,964 Contributions to other governments - - Investment earnings 10, ,332 Interest expense (5,737) - Amortization of net pension asset - - Amortization of bond issuance costs - - Gain (loss) on capital asset disposal Total nonoperating revenues (expenses) 46, ,276 Income (loss) before contributions and transfers (1,416,871) 1,586,557 Capital grants - - Capital contributions - - Transfers in 584,604 - Transfers out - (1,454,580) Change in net assets (832,267) 131,977 Total net assets, June 30, ,824,714 41,065,932 Total net assets, June 30, 2010 $ 11,992,447 $ 41,197,909 38

13 Regional Information Systems Business-Type Activities Enterprise Housing and Other Community Enterprise Services Total Enterprise Governmental Activities-Internal Service $ - $ - $ 1,550,566 $ 1,550,566 $ ,794,980-19,794,980-8,003,950 3,185,451 1,941,632 29,171,686 74,311, , , ,596 79, , ,397 1,017, ,459 1,794,425 9,273 8,003,950 23,411,669 3,707,650 52,958,585 75,338,975 2,912,625 6,007,456 2,582,186 19,292,906 8,014,131 3,147,671 17,666,551 2,292,203 31,593,435 54,343, , ,619 1,185,762 9,112 3,340,422 2,548,648 6,448,915 24,859,769 4,883,501 54,353,078 64,906,241 1,555,035 (1,448,100) (1,175,851) (1,394,493) 10,432, , , , (7,677) 63, ,955 20, ,841 1,102,490 - (288,106) (7,919) (301,762) (4,818,531) (1,434,310) (42,648) ,618 63,016 (12,151) 187, ,996 (4,985,704) 1,618,051 (1,460,251) (987,983) (660,497) 5,447, , , , ,768,200 2,352, ,519 (35,000) - - (1,489,580) - 1,583,051 (756,259) 780, ,719 5,941,684 11,332,898 43,102, ,413 41,939,344 $ 12,915,949 $ 42,345,777 $ 1,251,630 $ 47,881,028 Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds 1,207,319 Change in net assets of business-type activities $ 2,114,038 39

14 Statement of Cash Flows Proprietary For the Fiscal Year Ended June 30, 2010 Lane Solid Waste Events Center Disposal Cash flows from operating activities Receipts from customers and users $ 1,394,866 $ 14,547,067 Receipts from facilities rent 1,212, ,621 Receipts from interfund services - - Payments to employees (711,245) (3,805,769) Payments to suppliers (1,902,638) (3,284,515) Payments for interfund services (517,672) (5,607,608) Net cash provided (used) by operating activities (524,344) 2,429,796 Cash flows from noncapital financing activities Increase in line of credit - - Intergovernmental subsidies 41,963 13,234 Principal paid on pension bonds - - Interest paid on pension bonds - - Escrow deposits - - Interfund loans granted - (500,000) Interfund loan repayment received - 1,159,955 Interfund loan repayments made - - Transfers in 584,604 - Transfers out - (1,192,270) Net cash provided (used) by noncapital financing activities 626,567 (519,081) Cash flows from capital and related financing activities Capital Grants - - Payment of development costs - - Principal paid on long-term debt (72,428) - Interest paid on long-term debt (5,737) - Proceeds from long-term debt - - Proceeds from sale of property Purchases of capital assets (51,217) (3,159,131) Net cash provided (used) by capital and related financing activities (129,382) (3,158,151) Cash flows from investing activities Maturity of investments - - Purchase of investments - - Change in loans receivable - - Investment earnings 9, ,886 Net cash provided (used) by investing activities 9, ,886 Net increase (decrease) in cash and cash equivalents (17,180) (798,550) Cash and cash equivalents, June 30, ,392 24,342,985 Cash and cash equivalents, June 30, 2010 $ 596,212 $ 23,544,435 Reconciliation of operating income (loss) to net cash provided (used) by operating activities: Operating income (loss) $ (1,463,858) $ 1,138,281 Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities Landfill closure and postclosure care costs - 126,315 Depreciation 1,010, ,202 (Increase) decrease in receivables 53,525 (68,421) (Increase) decrease in due from other funds - - (Increase) decrease in inventories (Increase) decrease in prepaids 12,309 - Increase (decrease) in accounts payable (44,142) 452,507 Increase (decrease) in wages and benefits payable (3,633) 17,161 Increase (decrease) in compensated absences payable (855) 30,692 Increase (decrease) in claims payable - (25,000) Increase (decrease) in due to other funds (3,890) 12,059 Increase (decrease) in unearned revenue (85,521) - Increase (decrease) in customer deposits - - Increase (decrease) in net OPEB obligation - - Net cash provided (used) by operating activities $ (524,344) $ 2,429,796 Reconciliation to Statement of Fund Net Assets Cash and cash equivalents $ 596,212 $ 23,544,435 Restricted cash - - Cash and cash equivalents, June 30, 2010 $ 596,212 $ 23,544,435 Noncash investing, capital, and financing activities: Net contributions of capital assets to (from) governmental funds $ - $ - Net transfers of capital assets to (from) other proprietary funds - (262,310) Increase (decrease) in fair value of investments - (2,110) 40

15 Other Total Governmental Regional Housing and Enterprise Enterprise Activities-Internal Information Systems Community Services Service $ 6,074,288 $ 24,666,615 $ 3,713,353 $ 50,396,189 $ 1,508, ,459 1,794,425 9,273 1,897, ,897,603 73,735,119 (1,426,722) (6,002,515) (1,534,633) (13,480,884) (4,869,593) (2,914,646) (17,534,951) (1,810,844) (27,447,594) (54,038,209) (1,538,062) - (1,600,868) (9,264,210) (3,438,854) 2,092,461 1,129,149 (1,231,533) 3,895,529 12,906,650-1,000,000-1,000, , ,207 60, (3,015,000) (3,424,855) - (18,560) - (18,560) (500,000) ,159,955 1,000, (283,000) (283,000) ,768,200 2,352, ,209 (35,000) - - (1,227,270) - (35,000) 981,440 1,710,210 2,764,136 (5,163,922) - 561, , (1,235,433) - (1,235,433) - - (483,273) - (555,701) - - (261,548) (7,919) (275,204) , , ,946 (1,831,061) (1,034,693) - (6,076,102) (2,447,893) (1,831,061) (2,127,265) (7,919) (7,253,778) (2,335,947) - 8,600,000-8,600,000 1,261,000 - (8,682,004) - (8,682,004) (1,515,500) - (164,231) - (164,231) - 63, ,515 19, ,347 1,098,358 63,770 (88,720) 19, , , ,170 (105,396) 489,955 (141,001) 6,250,639 3,754,956 3,009,020 1,069,660 32,790,013 38,357,101 $ 4,045,126 $ 2,903,624 $ 1,559,615 $ 32,649,012 $ 44,607,740 $ 1,555,035 $ (1,448,100) $ (1,175,851) $ (1,394,493) $ 10,432, , ,619 1,185,762 9,112 3,340,422 2,548,648 (32,059) 1,136,221 7,162 1,096,428 (101,320) (291,830) - (605) (79,709) - 76,812-89, ,601 55,393 (105,712) 549,647 (509,196) 9,180 (36,071) 17,446 4,083 28,314 (24,042) 41,012 6,136 52,943 24, (25,000) - 4,127-10,174 22,470 13,708-97,453-11, ,272-21, ,732 $ 2,092,461 $ 1,129,149 $ (1,231,533) $ 3,895,529 $ 12,906,650 $ 4,045,126 $ 2,332,138 $ 1,559,615 $ 32,077,526 $ 44,607, , ,486 - $ 4,045,126 $ 2,903,624 $ 1,559,615 $ 32,649,012 $ 44,607,740 $ - $ - $ - $ - $ 9, (262,310) 262, (1,507) 15,812 41

16 Statement of Fiduciary Net Assets Property Tax Agency June 30, 2010 Property Tax Agency Assets Current assets Cash and cash equivalents $ 4,568,070 Receivables (net of uncollectibles): Interest 2,060 Property taxes 23,334,105 Accounts 127,333 Total current assets 28,031,568 Total assets $ 28,031,568 Liabilities Current liabilities Accounts payable $ 36,507 Due to other governments 27,995,061 Total current liabilities 28,031,568 Total liabilites $ 28,031,568 42

CITY OF DES MOINES, IOWA BALANCE SHEET GOVERNMENTAL FUNDS June 30, 2013

CITY OF DES MOINES, IOWA BALANCE SHEET GOVERNMENTAL FUNDS June 30, 2013 CITY OF DES MOINES, IOWA BALANCE SHEET GOVERNMENTAL FUNDS June 30, 2013 ASSETS DEBT TAX GENERAL SERVICE INCREMENT Cash and investments $ 13,823,153 $ 577,744 $ --- Taxes receivable 57,403,960 30,488,253

More information

CITY OF COLEMAN, TEXAS FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR'S REPORT SEPTEMBER 30, 2014

CITY OF COLEMAN, TEXAS FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR'S REPORT SEPTEMBER 30, 2014 CITY OF COLEMAN, TEXAS FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR'S REPORT SEPTEMBER 30, 2014 Becky Roberts, CPA 104 Pine Street, Suite 610 Abilene, Texas 79601 325-665-5239 becky.roberts@rm-cpa.net

More information

JACKSON COUNTY, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED December 31, 2015 TABLE OF CONTENTS

JACKSON COUNTY, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED December 31, 2015 TABLE OF CONTENTS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED TABLE OF CONTENTS INTRODUCTORY SECTION Letter of Transmittal Certificate of Achievement for Excellence in Financial Reporting Organizational

More information

Enterprise Funds. Chapter 10

Enterprise Funds. Chapter 10 Enterprise Funds Chapter 10 Learning Objectives Determine what activities should be reported using Enterprise Funds. Understand the Proprietary Fund accounting principles. Understand Proprietary Fund reporting

More information

Charter Township of Fenton. Financial Report with Supplemental Information December 31, 2013

Charter Township of Fenton. Financial Report with Supplemental Information December 31, 2013 Financial Report with Supplemental Information December 31, 2013 Contents Report Letter 1-2 Management's Discussion and Analysis 3-7 Basic Financial Statements Government-wide Financial Statements: Statement

More information

AUDIT REPORT of DUBOIS AREA SCHOOL DISTRICT. DuBois, Pennsylvania A.U.N. 1-06-17-200-3. For The Year Ended June 30, 2013

AUDIT REPORT of DUBOIS AREA SCHOOL DISTRICT. DuBois, Pennsylvania A.U.N. 1-06-17-200-3. For The Year Ended June 30, 2013 AUDIT REPORT of DUBOIS AREA SCHOOL DISTRICT DuBois, Pennsylvania A.U.N. 1-06-17-200-3 For The Year Ended June 30, 2013-1 - TABLE OF CONTENTS Page Number Independent Auditor's Report 4 Management's Discussion

More information

Publication No. 140 Revised July 2015. Sample Financial Statements. for a Charter School. in North Carolina

Publication No. 140 Revised July 2015. Sample Financial Statements. for a Charter School. in North Carolina Publication No. 140 Revised July 2015 Sample Financial Statements for a Charter School in North Carolina State and Local Government Finance Division North Carolina Department of State Treasurer 35-H-1

More information

Financial Statements. October 31, 2012

Financial Statements. October 31, 2012 Financial Statements October 31, 2012 TABLE OF CONTENTS Title Page Graphs 1-3 Statement of Net Assets 4-6 Statement of Revenues, Expenses and Changes in Net Assets 7 Statement of Cash Flows 8 Total Expenditures

More information

City of Villa Rica. The Mill Amphitheater in Villa Rica, GA Photo Credit: Michael Valentine

City of Villa Rica. The Mill Amphitheater in Villa Rica, GA Photo Credit: Michael Valentine City of Villa Rica The Mill Amphitheater in Villa Rica, GA Photo Credit: Michael Valentine CITY OF VILLA RICA, GEORGIA ANNUAL FINANCIAL REPORT For the Year Ended December 31, 2015 CITY OF VILLA RICA, GEORGIA

More information

TOWN OF MANCHESTER, MARYLAND. FINANCIAL STATEMENTS June 30, 2015

TOWN OF MANCHESTER, MARYLAND. FINANCIAL STATEMENTS June 30, 2015 FINANCIAL STATEMENTS TABLE OF CONTENTS PAGE INDEPENDENT AUDITORS REPORT... 1 MANAGEMENT S DISCUSSION AND ANALYSIS... 3 FINANCIAL STATEMENTS... 13 Government wide Financial Statements Statement of Net Position...14

More information

Borough of Baldwin. Primary Government Financial Statements and Required Supplementary Information

Borough of Baldwin. Primary Government Financial Statements and Required Supplementary Information Borough of Baldwin Primary Government Financial Statements and Required Supplementary Information Year Ended December 31, 2015 with Independent Auditor s Report TABLE OF CONTENTS Independent Auditor's

More information

CITY OF ARCADIA, FLORIDA ANNUAL FINANCIAL REPORT. For the Fiscal Year Ended September 30, 2015

CITY OF ARCADIA, FLORIDA ANNUAL FINANCIAL REPORT. For the Fiscal Year Ended September 30, 2015 ANNUAL FINANCIAL REPORT For the Fiscal Year Ended September 30, 2015 ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2015 TABLE OF CONTENTS Page INDEPENDENT AUDITOR'S REPORT... 1 MANAGEMENT'S

More information

The California State University GAAP Reporting Manual Effective June 2012 CHAPTER 6 STATEMENT OF CASH FLOWS

The California State University GAAP Reporting Manual Effective June 2012 CHAPTER 6 STATEMENT OF CASH FLOWS CHAPTER 6 STATEMENT OF CASH FLOWS OVERVIEW GASB Statement No. 34 requires the presentation of a statement of cash flows based on the provisions of GASB Statement No. 9. It further requires the use of the

More information

Warren Consolidated Schools. Financial Report with Supplemental Information June 30, 2014

Warren Consolidated Schools. Financial Report with Supplemental Information June 30, 2014 Financial Report with Supplemental Information Contents Independent Auditor's Report 1-3 Management's Discussion and Analysis 4-12 Basic Financial Statements Government-wide Financial Statements: Statement

More information

CHARLESTON COUNTY COMBINING STATEMENTS - INTERNAL SERVICE FUNDS

CHARLESTON COUNTY COMBINING STATEMENTS - INTERNAL SERVICE FUNDS CHARLESTON COUNTY COMBINING STATEMENTS - Internal Service Funds are used to account for the financing of goods or services provided by one department or agency to other departments of the government, on

More information

Mooresville Graded School District

Mooresville Graded School District Mooresville Graded School District Financial Report Year Ended June 30, 2014 TABLE OF CONTENTS Exhibit Page No. Independent Auditors Report... 1 Management s Discussion and Analysis... 4 Basic Financial

More information

General Ledger Accounts Report

General Ledger Accounts Report General Ledger Accounts Report AcctID 1010 Cash in Bank All funds on deposit with a bank or savings and loan institution, normally in non-interest-bearing accounts. Interest-bearing accounts are recorded

More information

University of South Florida System and DSO/Component Unit Quarterly Financial Reports QUARTER 3 FOR FISCAL YEAR 2014-2015

University of South Florida System and DSO/Component Unit Quarterly Financial Reports QUARTER 3 FOR FISCAL YEAR 2014-2015 University of South Florida System and DSO/Component Unit Quarterly Financial Reports QUARTER 3 FOR FISCAL YEAR 2014-2015 Period Ended March 31, 2015 FY 2015 QUARTER 3 REPORT MARCH 31, 2015 INDEX University

More information

STACEY E. PICKERING STATE AUDITOR

STACEY E. PICKERING STATE AUDITOR , MISSISSIPPI Audited Financial Statements and Special Reports For the Year Ended September 30, 2013 STACEY E. PICKERING STATE AUDITOR William R. Doss, CPA Director, Financial and Compliance Audit Division

More information

Actual Nonmajor Special Revenue Funds --------------------------------------------------------- 34

Actual Nonmajor Special Revenue Funds --------------------------------------------------------- 34 CONTENTS: FLORIDA DEPARTMENT OF EDUCATION SUPERINTENDENT S ANNUAL FINANCIAL REPORT (ESE 145) DISTRICT SCHOOL BOARD OF SUMTER COUNTY For the Fiscal Year Ended June 30, 2015 Return completed form to: Florida

More information

Special Purpose Financial Statements. Clerk of the Circuit Court Madison County, Florida

Special Purpose Financial Statements. Clerk of the Circuit Court Madison County, Florida Special Purpose Financial Statements Clerk of the Circuit Court Madison County, Florida Year Ended September 30, 2010 with Independent Auditors' Report Clerk of the Circuit Court Madison County, Florida

More information

FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT CITY OF GREEN COVE SPRINGS, FLORIDA SEPTEMBER 30, 2012

FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT CITY OF GREEN COVE SPRINGS, FLORIDA SEPTEMBER 30, 2012 FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT SEPTEMBER 30, 2012 FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT SEPTEMBER 30, 2012 TABLE CONTENTS Independent Auditors' Report... 1-2 Management

More information

GREENUP COUNTY SCHOOL DISTRICT FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION

GREENUP COUNTY SCHOOL DISTRICT FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION TABLE OF CONTENTS Page Independent Auditors' Report 1 Management s Discussion and Analysis 4 Basic Financial Statements: Statement of Net Position 8 Statement

More information

EASTLAND FAIRFIELD CAREER & TECHNICAL SCHOOLS FRANKLIN COUNTY SINGLE AUDIT

EASTLAND FAIRFIELD CAREER & TECHNICAL SCHOOLS FRANKLIN COUNTY SINGLE AUDIT EASTLAND FAIRFIELD CAREER & TECHNICAL SCHOOLS FRANKLIN COUNTY SINGLE AUDIT FOR THE YEAR ENDED JUNE 30, 2014 EASTLAND-FAIRFIELD CAREER AND TECHNICAL SCHOOLS FRANKLIN COUNTY TABLE OF CONTENTS TITLE PAGE

More information

CONTENTS - NOTES TO THE FINANCIAL STATEMENTS CONTENTS - NOTES TO THE FINANCIAL STATEMENTS

CONTENTS - NOTES TO THE FINANCIAL STATEMENTS CONTENTS - NOTES TO THE FINANCIAL STATEMENTS CONTENTS - NOTES TO THE FINANCIAL STATEMENTS CONTENTS - NOTES TO THE FINANCIAL STATEMENTS CONTENTS - NOTES TO THE FINANCIAL STATEMENTS I. Summary of Significant Accounting Policies... 59 A. The Reporting

More information

GOVERNMENTAL FUND FINANCIAL STATEMENTS

GOVERNMENTAL FUND FINANCIAL STATEMENTS GOVERNMENTAL FUND FINANCIAL STATEMENTS 27 GOVERNMENTAL FUND FINANCIAL STATEMENTS The Governmental Funds of the City are outlined below: General Fund - The General Fund accounts for all revenues and expenditures

More information

UTAH HOUSING CORPORATION

UTAH HOUSING CORPORATION BALANCE SHEET AS OF JUNE 30, 2015 ASSETS AND DEFERRED OUTFLOWS CURRENT ASSETS: Cash and cash equivalents $ 111,380 Investments (partially restricted, Note 3) 349,734 Current maturities of loans receivable

More information

Sonoma County Airport Enterprise Fund Reporting Package For the Fiscal Year Ended June 30, 2011

Sonoma County Airport Enterprise Fund Reporting Package For the Fiscal Year Ended June 30, 2011 Reporting Package For the Fiscal Year Ended DONNA DUNK Interim Auditor-Controller Treasurer-Tax Collector Reporting Package For the Fiscal Year Ended Page Basic Financial Statements: Statement of Net Assets...

More information

Keystone Central School District

Keystone Central School District Financial Statements and Supplementary Information Table of Contents Page Independent Auditors' Report Management's Discussion and Analysis 1 3 Basic Financial Statements Government-Wide Financial Statements

More information

TOWNSHIP OF ROLLAND ISABELLA COUNTY, MICHIGAN AUDITED FINANCIAL STATEMENTS. Fiscal Year Ended March 31, 2010

TOWNSHIP OF ROLLAND ISABELLA COUNTY, MICHIGAN AUDITED FINANCIAL STATEMENTS. Fiscal Year Ended March 31, 2010 ISABELLA COUNTY, MICHIGAN AUDITED FINANCIAL STATEMENTS Fiscal Year Ended TABLE OF CONTENTS Independent Auditor s Report.. 1 FINANCIAL STATEMENTS Government Wide Statement of Net Assets. 2 Government Wide

More information

Board of Cooperative Educational Services of Nassau County. Financial Statements and Required Reports Under OMB Circular A-133 as of June 30, 2015

Board of Cooperative Educational Services of Nassau County. Financial Statements and Required Reports Under OMB Circular A-133 as of June 30, 2015 Board of Cooperative Educational Services of Nassau County Financial Statements and Required Reports Under OMB Circular A-133 as of June 30, 2015 CONTENTS INDEPENDENT AUDITOR S REPORT.. 1-3 REQUIRED SUPPLEMENTARY

More information

INTERIM FINANCIAL STATEMENTS FOR THE ELEVEN MONTHS ENDED MAY 31, 2012

INTERIM FINANCIAL STATEMENTS FOR THE ELEVEN MONTHS ENDED MAY 31, 2012 INTERIM FINANCIAL STATEMENTS FOR THE ELEVEN MONTHS ENDED MAY 31, 2012 Prepared by: Financial Reporting Accounting Department Division of Financial Management INTERIM FINANCIAL STATEMENTS FOR THE ELEVEN

More information

Southwestern Community College District

Southwestern Community College District Southwestern Community College District Chula Vista, California Basic Financial Statements and Independent Auditors Report TABLE OF CONTENTS Page INTRODUCTORY SECTION Board of Trustees and Executive Officials...i

More information

PARKING AUTHORITY OF RIVER CITY, INC. A COMPONENT UNIT OF LOUISVILLE-JEFFERSON COUNTY METRO GOVERNMENT Louisville, Kentucky

PARKING AUTHORITY OF RIVER CITY, INC. A COMPONENT UNIT OF LOUISVILLE-JEFFERSON COUNTY METRO GOVERNMENT Louisville, Kentucky A COMPONENT UNIT OF LOUISVILLE-JEFFERSON COUNTY METRO GOVERNMENT Louisville, Kentucky COMPREHENSIVE ANNUAL FINANCIAL REPORT A COMPONENT UNIT OF LOUISVILLE-JEFFERSON COUNTY METRO GOVERNMENT Louisville,

More information

University of Central Florida Foundation, Inc. (A Discrete Component Unit of the University of Central Florida)

University of Central Florida Foundation, Inc. (A Discrete Component Unit of the University of Central Florida) University of Central Florida Foundation, Inc. (A Discrete Component Unit of the University of Central Florida) Single Audit Report Year Ended June 30, 2015 Contents Independent Auditor s Report 1 Management

More information

REVIEW OF YEAR-END CLOSING PROCEDURES

REVIEW OF YEAR-END CLOSING PROCEDURES REVIEW OF YEAR-END CLOSING PROCEDURES 2014 Municipal Clerk s Institute Presented by; Magda Nelson, Lead Fiscal Accounting Officer LOCAL GOVERNMENT SERVICES BUREAU Procedures We Will Review Perform closing

More information

City of Marlow, Oklahoma Financial Statements Year End: June 30, 2012

City of Marlow, Oklahoma Financial Statements Year End: June 30, 2012 City of Marlow, Oklahoma Financial Statements Year End: City of Marlow TABLE OF CONTENTS For the Fiscal Year Ended FINANCIAL SECTION Page Independent Auditor s Report 1 Basic Financial Statements: Government-wide

More information

Governmental Accounting, Auditing, and Financial Reporting

Governmental Accounting, Auditing, and Financial Reporting Governmental Accounting, Auditing, and Financial Reporting Stephen J. Gauthier Government Finance Officers Association Copyright 2012 by the Government Finance Officers Association of the United States

More information

COUNTY OF HILLSBOROUGH, NEW HAMPSHIRE Financial Statements June 30, 2012 and Independent Auditor's Report

COUNTY OF HILLSBOROUGH, NEW HAMPSHIRE Financial Statements June 30, 2012 and Independent Auditor's Report COUNTY OF HILLSBOROUGH, NEW HAMPSHIRE Financial Statements and Independent Auditor's Report COUNTY OF HILLSBOROUGH, NEW HAMPSHIRE FINANCIAL STATEMENTS TABLE OF CONTENTS INDEPENDENT AUDITOR'S REPORT MANAGEMENT'S

More information

AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions)

AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) CONSOLIDATED STATEMENTS OF CASH FLOWS CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD $ 8,084 $ 5,269 $ 3,777 OPERATING ACTIVITIES: Net income (loss) 274 (39) 631 Adjustments to reconcile net income (loss)

More information

Homer Township Midland County, Michigan. Financial Statements

Homer Township Midland County, Michigan. Financial Statements Homer Township Midland County, Michigan ================================ Financial Statements TOWNSHIP OFFICIALS OFFICERS Barbara Radosa, Supervisor Ken Schlafley, Clerk Albert Tew, Treasurer TRUSTEES

More information

Accounting for Health Care Organizations. Chapter 13

Accounting for Health Care Organizations. Chapter 13 Accounting for Health Care Organizations Chapter 13 Learning Objectives Account for unique hospital revenue sources Prepare journal entries for hospital transactions Prepare government hospital financial

More information

Agency No. and Name: GASB No. and Name: STATEMENT OF CASH FLOWS CHECKLIST -- PART 1 REVIEWED BY/ date: APPROVED BY / date:

Agency No. and Name: GASB No. and Name: STATEMENT OF CASH FLOWS CHECKLIST -- PART 1 REVIEWED BY/ date: APPROVED BY / date: SECTION I Lines 1-14 must be reviewed in conjunction with SECTION II below 1 Receipts from customers Worksheet 1 (Section A or B) "Total to Cash Flow Statement" column 2 Receipts from other funds Worksheet

More information

Broward County Aviation Department A Major Fund of Broward County, Florida Financial Statements Years Ended September 30, 2010 and 2009

Broward County Aviation Department A Major Fund of Broward County, Florida Financial Statements Years Ended September 30, 2010 and 2009 Broward County Aviation Department A Major Fund of Broward County, Florida Financial Statements Years Ended September 30, 2010 and 2009 FINANCIAL STATEMENTS TABLE OF CONTENTS Report of Independent Certified

More information

Statement of Cash Flows

Statement of Cash Flows THE CONTENT AND VALUE OF THE STATEMENT OF CASH FLOWS The cash flow statement reconciles beginning and ending cash by presenting the cash receipts and cash disbursements of an enterprise for an accounting

More information

VILLAGE OF LONG GROVE Long Grove, Illinois

VILLAGE OF LONG GROVE Long Grove, Illinois Long Grove, Illinois FINANCIAL STATEMENTS Including Independent Auditors' Report TABLE OF CONTENTS Independent Auditors' Report 1 2 Basic Financial Statements Statement of Net Assets 3 Statement of Activities

More information

UNITED STATES BANKRUPTCY COURT NORTHERN & EASTERN DISTRICTS OF TEXAS REGION 6 MONTHLY OPERATING REPORT

UNITED STATES BANKRUPTCY COURT NORTHERN & EASTERN DISTRICTS OF TEXAS REGION 6 MONTHLY OPERATING REPORT ACCRUAL BASIS JUDGE: UNITED STATES BANKRUPTCY COURT NORTHERN & EASTERN DISTRICTS OF TEXAS REGION 6 MONTHLY OPERATING REPORT MONTH ENDING: MONTH YEAR IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED

More information

The following document was not prepared by the Office of the State Auditor, but was prepared by and submitted to the Office of the State Auditor by a

The following document was not prepared by the Office of the State Auditor, but was prepared by and submitted to the Office of the State Auditor by a The following document was not prepared by the Office of the State Auditor, but was prepared by and submitted to the Office of the State Auditor by a private CPA firm. The document was placed on this web

More information

CHECKLIST FOR YEAR-END CLOSING ENTRIES

CHECKLIST FOR YEAR-END CLOSING ENTRIES DEPARTMENT OF ADMINISTRATION LOCAL GOVERNMENT SERVICES CHECKLIST FOR YEAR-END CLOSING ENTRIES Don t run from year-end entries Conquer them! Here s some simple steps.. PRESENTED BY: MAGDA NELSON & DARLA

More information

EXERCISES. The cash from operating activities detail is provided as follows for class discussion:

EXERCISES. The cash from operating activities detail is provided as follows for class discussion: EXERCISES Ex. 14 1 There were net additions, such as depreciation and amortization of intangible assets of $389 million, to the net loss reported on the income statement to convert the net loss from the

More information

CHICO PUBLIC FINANCING AUTHORITY. Chico, California. Component Unit Financial Report

CHICO PUBLIC FINANCING AUTHORITY. Chico, California. Component Unit Financial Report Chico, California Component Unit Financial Report Independent Auditors' Report, Financial Statements and Required Supplementary Information Table of Contents Page(s) Independent Auditors' Report... 1 Management

More information

TEXAS DEPARTMENT OF BANKING

TEXAS DEPARTMENT OF BANKING TEXAS DEPARTMENT OF BANKING ANNUAL FINANCIAL REPORT For the Year Ended August 31, 2015 Charles G. Cooper Banking Commissioner October 1, 2015 Honorable Greg Abott, Governor Honorable Glenn Hegar, Texas

More information

Solid Waste Management 2015 Financial Report

Solid Waste Management 2015 Financial Report Solid Waste Management 2015 Financial Report Table of Contents Independent Auditor s Report... 3 Management s Discussion and Analysis... 7 Financial Statements... 15 Notes to Financial Statements... 21

More information

The following document was not prepared by the Office of the State Auditor, but was prepared by and submitted to the Office of the State Auditor by a

The following document was not prepared by the Office of the State Auditor, but was prepared by and submitted to the Office of the State Auditor by a The following document was not prepared by the Office of the State Auditor, but was prepared by and submitted to the Office of the State Auditor by a private CPA firm. The document was placed on this web

More information

TOWN OF PROSPECT, CONNECTICUT

TOWN OF PROSPECT, CONNECTICUT BASIC FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION FOR THE YEAR ENDED JUNE 30, 2015 ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2015 Table of Contents Independent Auditor's Report 4 Management's Discussion

More information

City of Chicago, Illinois Chicago O Hare International Airport

City of Chicago, Illinois Chicago O Hare International Airport City of Chicago, Illinois Chicago O Hare International Airport Basic Financial Statements as of and for the Years Ended December 31, 2010 and 2009, Required Supplementary Information, Additional Information,

More information

Financial Statements June 30, 2014 University Schools

Financial Statements June 30, 2014 University Schools Financial Statements University Schools www.eidebailly.com Table of Contents Independent Auditor s Report... 1 Management s Discussion and Analysis... 3 Financial Statements Government-Wide Financial Statements

More information

GASB #34 Model: Government-Wide FS. GASB #34 Model: Fund Financial Statements

GASB #34 Model: Government-Wide FS. GASB #34 Model: Fund Financial Statements Topic 11 Governmental Accounting Fund Structure Fund Accounting : Measurement Focus Fund Accounting : Basis of Accounting Governmental Fund Accounting - JE GASB #34 Model: Government-Wide FS GASB #34 Model:

More information

Montgomery County Nursing Home

Montgomery County Nursing Home County Nursing Home A Component Unit of County, Arkansas Accountants Report and Financial Statements County Nursing Home A Component Unit of County, Arkansas Contents Independent Accountants Report on

More information

SOUTH CAROLINA APPALACHIAN COUNCIL OF GOVERNMENTS AUDITED FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 2012

SOUTH CAROLINA APPALACHIAN COUNCIL OF GOVERNMENTS AUDITED FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 2012 SOUTH CAROLINA APPALACHIAN COUNCIL OF GOVERNMENTS AUDITED FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 2012 SOUTH CAROLINA APPALACHIAN COUNCIL OF GOVERNMENTS AUDITED FINANCIAL STATEMENTS YEAR ENDED JUNE 30,

More information

675 Robinson Road Jackson MI 49204

675 Robinson Road Jackson MI 49204 Michigan Department of Treasury 496 (02/06) Auditing Procedures Report Issued under P.A. 2 of 1968, as amended and P.A. 71 of 1919, as amended. Local Unit of Government Type Local Unit Name County County

More information

University of Central Florida Foundation, Inc. (A Discrete Component Unit of the University of Central Florida) Financial Report June 30, 2014

University of Central Florida Foundation, Inc. (A Discrete Component Unit of the University of Central Florida) Financial Report June 30, 2014 University of Central Florida Foundation, Inc. (A Discrete Component Unit of the University of Central Florida) Financial Report June 30, 2014 Contents Independent Auditor s Report 1 Management s Discussion

More information

CHAPTER E GAAP OFFSET TRANSACTIONS

CHAPTER E GAAP OFFSET TRANSACTIONS CHAPTER E GAAP OFFSET TRANSACTIONS TABLE OF CONTENTS Capital Asset Transactions Proprietary, Fiduciary, & Government-wide Reporting Fund TC 537: Eliminate Excess Asset Value/Record Loss; Record Donated

More information

CHAPTER 7 General Journal Entries

CHAPTER 7 General Journal Entries CHAPTER 7 Journal Entries Table of Contents Section Page INTRODUCTION 1 1 GENERAL FUND JOURNAL ENTRIES 2 1 Opening Entry... 1 Budget Entries... 2 Budget Entries Modifications... 2 Revenues Property Tax...

More information

Oakland Unified School District. Annual Financial Report

Oakland Unified School District. Annual Financial Report Oakland Unified School District Annual Financial Report June 30, 2015 TABLE OF CONTENTS JUNE 30, 2015 FINANCIAL SECTION Independent Auditor's Report 2 Management's Discussion and Analysis 5 Basic Financial

More information

Summary of Financial Report for the FY ending March 2015 (Non-Consolidated)

Summary of Financial Report for the FY ending March 2015 (Non-Consolidated) Summary of Financial Report for the FY ending March 2015 (Non-Consolidated) April 30, 2015 Listed Company Name: Japan Tissue Engineering Co., Ltd. Listed Securities Exchange: JQ Stock Code: 7774 URL http://www.jpte.co.jp

More information

MITSUI SUMITOMO INSURANCE COMPANY, LIMITED AND SUBSIDIARIES. CONSOLIDATED BALANCE SHEETS March 31, 2005 and 2006

MITSUI SUMITOMO INSURANCE COMPANY, LIMITED AND SUBSIDIARIES. CONSOLIDATED BALANCE SHEETS March 31, 2005 and 2006 CONSOLIDATED BALANCE SHEETS March 31, 2005 and 2006 2005 2006 ASSETS Investments - other than investments in affiliates: Securities available for sale: Fixed maturities, at fair value 3,043,851 3,193,503

More information

CASH FLOW STATEMENT & BALANCE SHEET GUIDE

CASH FLOW STATEMENT & BALANCE SHEET GUIDE CASH FLOW STATEMENT & BALANCE SHEET GUIDE The Agriculture Development Council requires the submission of a cash flow statement and balance sheet that provide annual financial projections for the business

More information

WITH REPORTS OF INDEPENDENT AUDITORS

WITH REPORTS OF INDEPENDENT AUDITORS As of and for the Years Ended JUNE 30, 2013 AND JUNE 30, 2014 Financial Statements and Schedule of Expenditures of Federal Awards WITH REPORTS OF INDEPENDENT AUDITORS AUDITED FINANCIAL STATEMENTS Independent

More information

PA Office of the Budget Office of Comptroller Operations Central Agencies & School Finance Unit RA-SchlFin@state.pa.us

PA Office of the Budget Office of Comptroller Operations Central Agencies & School Finance Unit RA-SchlFin@state.pa.us Manual of Accounting and Financial Reporting for PA Public Schools Chart of Accounts Revised 9-24-12 Maintained by PA Office of the Budget Office of Comptroller Operations Central Agencies & School Finance

More information

UNIFORM SYSTEM OF ACCOUNTS FOR WATER AND WASTEWATER UTILITIES

UNIFORM SYSTEM OF ACCOUNTS FOR WATER AND WASTEWATER UTILITIES 23-1 CHAPTER 23 UNIFORM SYSTEM OF ACCOUNTS FOR WATER AND WASTEWATER UTILITIES CLASSIFICATION OF WATER AND WASTEWATER UTILITIES Water and Wastewater Utility Classes (based on annual revenues): Class A:

More information

TOWN OF HARRISBURG NORTH CAROLINA TABLE OF CONTENTS June 30, 2006. Independent Auditor's Report 1-2. Management s Discussion and Analysis 3-12

TOWN OF HARRISBURG NORTH CAROLINA TABLE OF CONTENTS June 30, 2006. Independent Auditor's Report 1-2. Management s Discussion and Analysis 3-12 TOWN OF HARRISBURG NORTH CAROLINA TABLE OF CONTENTS June 30, 2006 Exhibit Page FINANCIAL SECTION: Independent Auditor's Report 1-2 Management s Discussion and Analysis 3-12 Basis Financial Statements:

More information

TOPIC ACCOUNTING PRINCIPLES SUB-SECTION 03.00.00 SUB-SECTION INDEX REVISION NUMBER 99-004

TOPIC ACCOUNTING PRINCIPLES SUB-SECTION 03.00.00 SUB-SECTION INDEX REVISION NUMBER 99-004 Page 1 of 1 TOPIC ACCOUNTING PRINCIPLES SUB-SECTION 03.00.00 SECTION ISSUANCE DATE JUNE 30, 1999 SUB-SECTION INDEX REVISION NUMBER 99-004 03 Accounting Principles 10 Organization Structure of State Government

More information

DUCHESNE COUNTY SCHOOL DISTRICT

DUCHESNE COUNTY SCHOOL DISTRICT DUCHESNE COUNTY SCHOOL DISTRICT 50 East 100 South PO Box 446 Duchesne, Utah 84021 (435)7381240 Financial Statements Year Ended June 30, 2006 Prepared by Dee E. Miles, CPA Business Administrator FINANCIAL

More information

CHEROKEE COUNTY WATER AND SEWERAGE AUTHORITY CHEROKEE COUNTY, GEORGIA FINANCIAL STATEMENTS FOR THE FISCAL YEARS ENDED AUGUST 31, 2011 AND 2010

CHEROKEE COUNTY WATER AND SEWERAGE AUTHORITY CHEROKEE COUNTY, GEORGIA FINANCIAL STATEMENTS FOR THE FISCAL YEARS ENDED AUGUST 31, 2011 AND 2010 CHEROKEE COUNTY WATER AND SEWERAGE AUTHORITY CHEROKEE COUNTY, GEORGIA FINANCIAL STATEMENTS FOR THE FISCAL YEARS ENDED AUGUST 31, 2011 AND 2010 TOGETHER WITH INDEPENDENT AUDITORS REPORTS FINANCIAL STATEMENTS

More information

Orlando Utilities Commission

Orlando Utilities Commission THREE MONTHS ENDED December 2015 1 Table of Contents Management s Discussion and Analysis 3 Statements of Revenues, Expenses and Changes 6 in Net Position based on Budget - Unaudited Statements of Net

More information

REPORT NO. 2010-153 MARCH 2010 ST. JOHNS COUNTY DISTRICT SCHOOL BOARD. Financial, Operational, and Federal Single Audit

REPORT NO. 2010-153 MARCH 2010 ST. JOHNS COUNTY DISTRICT SCHOOL BOARD. Financial, Operational, and Federal Single Audit REPORT NO. 2010-153 MARCH 2010 Financial, Operational, and Federal Single Audit For the Fiscal Year Ended June 30, 2009 BOARD MEMBERS AND SUPERINTENDENT St. Johns County District School Board members and

More information

The Texas State University System

The Texas State University System The Texas State University System COMBINED ANNUAL FINANCIAL REPORT Year Ended August 31, 2014 Lamar University Sam Houston State University Sul Ross State University Texas State University Lamar Institute

More information

COMPONENTS OF THE STATEMENT OF CASH FLOWS

COMPONENTS OF THE STATEMENT OF CASH FLOWS ILLUSTRATION 24-1 OPERATING, INVESTING, AND FINANCING ACTIVITIES COMPONENTS OF THE STATEMENT OF CASH FLOWS CASH FLOWS FROM OPERATING ACTIVITIES + Sales and Service Revenue Received Cost of Sales Paid Selling

More information

CITY OF HERMITAGE MANAGEMENT'S DISCUSSION AND ANALYSIS AND BASIC FINANCIAL STATEMENTS DECEMBER 31, 2015

CITY OF HERMITAGE MANAGEMENT'S DISCUSSION AND ANALYSIS AND BASIC FINANCIAL STATEMENTS DECEMBER 31, 2015 MANAGEMENT'S DISCUSSION AND ANALYSIS AND BASIC FINANCIAL STATEMENTS TOGETHER WITH INDEPENDENT AUDITOR'S REPORT AND SUPPLEMENTARY INFORMATION 270 East Connelly Boulevard Shenango Valley Freeway Sharon,

More information

City and County of Honolulu Sewer Fund. Financial Statements June 30, 2013 and 2012

City and County of Honolulu Sewer Fund. Financial Statements June 30, 2013 and 2012 Financial Statements Index Page(s) Report of Independent Auditors Management s Discussion and Analysis... 3 6 Financial Statements Statements of Net Position... 7 Statements of Revenues, Expenses and Change

More information

Accounting for the Business- Type Activities of State and Local Governments

Accounting for the Business- Type Activities of State and Local Governments Chapter 7 Accounting for the Business- Type Activities of State and Local Governments McGraw-Hill/Irwin Copyright 2010 by The McGraw-Hill Companies, Inc. All rights reserved. 7-2 Learning Objectives After

More information

ST. CLOUD PREPARATORY ACADEMY, INC. Basic Financial Statements and Supplemental Information. For the year ended June 30, 2015

ST. CLOUD PREPARATORY ACADEMY, INC. Basic Financial Statements and Supplemental Information. For the year ended June 30, 2015 ST. CLOUD PREPARATORY ACADEMY, INC. Basic Financial Statements and Supplemental Information For the year ended June 30, 2015 TABLE OF CONTENTS INDEPENDENT AUDITORS REPORT 1-2 MANAGEMENT S DISCUSSION AND

More information

Appendix C: Examples of Common Accounting and Bookkeeping Procedures

Appendix C: Examples of Common Accounting and Bookkeeping Procedures Appendix C: Examples of Common Accounting and Bookkeeping Procedures In this Appendix the use of the term monthly means on a regular cycle, based on the needs of your district. Some of the sample accounting

More information

Financial Reporting and Analysis Chapter 2 Solutions Accrual Accounting and Income Determination Exercises

Financial Reporting and Analysis Chapter 2 Solutions Accrual Accounting and Income Determination Exercises Financial Reporting and Analysis Chapter 2 Solutions Accrual Accounting and Income Determination Exercises Exercises E2-1. Determining accrual and cash basis revenue (AICPA adapted) Since the subscription

More information

FINANCIAL REPORT. of the UNIVERSITY OF NORTH TEXAS AT DALLAS DALLAS, TEXAS. Ronald T. Brown, President

FINANCIAL REPORT. of the UNIVERSITY OF NORTH TEXAS AT DALLAS DALLAS, TEXAS. Ronald T. Brown, President FINANCIAL REPORT of the UNIVERSITY OF NORTH TEXAS AT DALLAS DALLAS, TEXAS Ronald T. Brown, President For the fiscal year ended August 31, 2014 TABLE OF CONTENTS Letter of Transmittal... 1 Organizational

More information

LASALLE COUNTY EMERGENCY TELEPHONE SYSTEM BOARD OTTAWA, ILLINOIS

LASALLE COUNTY EMERGENCY TELEPHONE SYSTEM BOARD OTTAWA, ILLINOIS OTTAWA, ILLINOIS Financial Report CONTENTS Page Number Independent Auditor's Report Management's Discussion and Analysis (Unaudited) Statement of Net Assets - Business-Type Activities Statement of Revenues,

More information

Account Numbering. By separating each account by several numbers, many new accounts can be added between any two while maintaining the logical order.

Account Numbering. By separating each account by several numbers, many new accounts can be added between any two while maintaining the logical order. Chart of Accounts The chart of accounts is a listing of all the accounts in the general ledger, each account accompanied by a reference number. To set up a chart of accounts, one first needs to define

More information

CHAPTER 23. Statement of Cash Flows 1, 2, 7, 8, 12 3, 4, 5, 6, 16, 17, 19 9, 20 4, 5, 9, 10, 11 10, 13, 15, 16. 7. Worksheet adjustments.

CHAPTER 23. Statement of Cash Flows 1, 2, 7, 8, 12 3, 4, 5, 6, 16, 17, 19 9, 20 4, 5, 9, 10, 11 10, 13, 15, 16. 7. Worksheet adjustments. CHAPTER 23 Statement of Cash Flows ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Format, objectives purpose, and source of statement.

More information

Financial Statements. C.S. Mott Community College Flint, Michigan. June 30, 2014 and 2013

Financial Statements. C.S. Mott Community College Flint, Michigan. June 30, 2014 and 2013 Financial Statements C.S. Mott Community College Flint, Michigan June 30, 2014 and 2013 Table of Contents Page Independent Auditors Report on Financial Statements 1-2 Management s Discussion and Analysis

More information

! "#$ %&!& "& ' - 3+4 &*!&-.,,5///2!(.//+ & $!- )!* & % +, -).//0)& 7+00///2 *&&.4 &*!&- 7.00///2 )!*.//+ 8 -!% %& "#$ ) &!&.

! #$ %&!& & ' - 3+4 &*!&-.,,5///2!(.//+ & $!- )!* & % +, -).//0)& 7+00///2 *&&.4 &*!&- 7.00///2 )!*.//+ 8 -!% %& #$ ) &!&. ! "#!""#$%$#$#$"& $'"()*+,$-).,/ 012! "#$ %&!& "& '!(&)!*&%+,-).//0 -#$#3-4' &,'1$1# $!-!(.//0)& +01+///2 *&& - 3+4 &*!&-.,,5///2!(.//+ &!(!-6%(!(.//.$(!(.//0)& 01,///2 //+2% &*!&- 5,0///2 //32%!(.//+

More information

STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION. BALANCE SHEET As of

STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION. BALANCE SHEET As of STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION BALANCE SHEET As of ASSETS CURRENT ASSETS Cash and Cash Equivalents Cash - Restricted Accounts Receivable - Trade Accounts Receivable

More information

STATE BOARD OF REGENTS OF THE STATE OF UTAH STUDENT LOAN PURCHASE PROGRAM An Enterprise Fund of the State of Utah

STATE BOARD OF REGENTS OF THE STATE OF UTAH STUDENT LOAN PURCHASE PROGRAM An Enterprise Fund of the State of Utah An Enterprise Fund of the State of Utah Financial Statements AN ENTERPRISE FUND OF THE STATE OF UTAH FOR THE SIX MONTHS ENDED DECEMBER 31, 2011 TABLE OF CONTENTS Page MANAGEMENT S REPORT 1 FINANCIAL STATEMENTS:

More information

Chapter 2. Balance Sheet Accounts. This chapter provides balance sheet account numbers and related definitions.

Chapter 2. Balance Sheet Accounts. This chapter provides balance sheet account numbers and related definitions. Chapter 2 Balance Sheet Accounts This chapter provides balance sheet account numbers and related definitions. 1000 ASSETS Assets are resources with present service capacity that the district school board

More information

CHAPTER 7 General Journal Entries

CHAPTER 7 General Journal Entries CHAPTER 7 Journal Entries Table of Contents Section - Page INTRODUCTION 1-1 GENERAL FUND JOURNAL ENTRIES 2-1 Opening Entry...2-1 Budget Entries...2-2 Budget Entries Modifications...2-2 Revenues Property

More information

ACC 255 FINAL EXAM REVIEW PACKET (NEW MATERIAL)

ACC 255 FINAL EXAM REVIEW PACKET (NEW MATERIAL) Page 1 ACC 255 FINAL EXAM REVIEW PACKET (NEW MATERIAL) Complete these sample exam problems/objective questions and check your answers with the solutions at the end of the review file and identify where

More information

Coosa County Board of Education

Coosa County Board of Education Report on the, Alabama October 1, 2014 through September 30, 2015 Filed: June 3, 2016 Department of Examiners of Public Accounts 50 North Ripley Street, Room 3201 P.O. Box 302251 Montgomery, Alabama 36130-2251

More information

CHEROKEE COUNTY WATER AND SEWERAGE AUTHORITY CHEROKEE COUNTY, GEORGIA FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED AUGUST 31, 2014

CHEROKEE COUNTY WATER AND SEWERAGE AUTHORITY CHEROKEE COUNTY, GEORGIA FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED AUGUST 31, 2014 CHEROKEE COUNTY WATER AND SEWERAGE AUTHORITY CHEROKEE COUNTY, GEORGIA FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED AUGUST 31, 2014 TOGETHER WITH INDEPENDENT AUDITORS REPORTS FINANCIAL STATEMENTS AUGUST

More information

CALIFORNIA STATE UNIVERSITY, SAN MARCOS. Financial Statements. June 30, 2005 and 2004. (With Independent Auditors Report Thereon)

CALIFORNIA STATE UNIVERSITY, SAN MARCOS. Financial Statements. June 30, 2005 and 2004. (With Independent Auditors Report Thereon) Financial Statements (With Independent Auditors Report Thereon) Table of Contents Page Independent Auditors Report 1 Management s Discussion and Analysis 3 Financial Statements: Statements of Net Assets

More information

Expenditure Accounting: Governmental Funds. Chapter 6

Expenditure Accounting: Governmental Funds. Chapter 6 Expenditure Accounting: Governmental Funds Chapter 6 Learning Objectives Define expenditures Understand & apply expenditure recognition guidance Understand multiple classifications of expenditures Account

More information