INTRODUCTORY SECTION. Transmittal Letter. GFOA Certificate of Achievement. Organization Chart

Size: px
Start display at page:

Download "INTRODUCTORY SECTION. Transmittal Letter. GFOA Certificate of Achievement. Organization Chart"

Transcription

1 INTRODUCTORY SECTION Transmittal Letter GFOA Certificate of Achievement Organization Chart TM

2

3 LAS VEGAS VALLEY WATER DISTRICT 1001 South Vall ey View Boulevard Las Vegas, NV (702) lvvwd.com November 13, 2014 Board of Directors Las Vegas Valley Water District 1001 S. Valley View Boulevard Las Vegas, NV We are pleased to present the Comprehensive Annual Financial Report (CAFR) of the Las Vegas Valley Water District (District) for the fiscal year ended June 30, The CAFR was prepared in conformance with accounting principles generally accepted in the United States of America (GAAP). District management is responsible for the completeness and reliability of the financial information presented in this report. To provide reasonable assurance of the proper recording of transactions, management has established and maintains a system of internal accounting and other controls. The concept of reasonable assurance recognizes that the cost of internal controls should not exceed the benefits derived. Where necessary, the basic financial statements include amounts based upon management's best estimates and judgments. Nevada Revised Statutes and bond covenants require an annual audit of the basic financial statements of the District. Piercy Bowler Taylor & Kern, a firm of licensed certified public accountants, has audited the District's basic financial statements as of and for the fiscal years ended June 30, 2014 and The objective of the independent audit was to provide reasonable assurance that the basic financial statements of the District for the fiscal years ended June 30, 2014 and 2013 are free of material misstatement. An independent audit involves examining, on a test basis, evidence supporting the amounts and disclosures in the basic financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Based upon the audit, the independent auditor concluded there was a reasonable basis for rendering an unmodified ("clean") opinion that the District's basic financial statements for the fiscal years ended June 30, 2014 and 2013 are fairly presented in all material respects in conformity with GAAP. The independent auditor' s report is presented as the first component of the financial section of this report. Management' s Discussion and Analysis (MD&A) immediately follows the independent auditor's report and provides a narrative introduction, overview and analysis of the basic financial statements. This transmittal letter is designed to complement the MD&A and should be read in conjunction with it. THE REPORTING ENTITY AND ITS SERVICES The District is a governmental subdivision of the State of Nevada and a quasi-municipal corporation created by a special act of the Nevada Legislature in The District was established to acquire and distribute water primarily in the Las Vegas Valley, which includes the unincorporated metropolitan area of Clark County and the City of Las Vegas. The District commenced operations on July l, The District is governed by a seven-member Board of Directors (Board) comprised of the elected Clark County Commissioners. The Board has the sole authority to set rates and charges for water. Such rates and charges must be reasonable and cannot be applied until after a public hearing and subsequent Board approval. The enabling legislation that created the District, in conjunction with various bond covenants,

4 require that rates and charges be sufficient to provide for operation and maintenance costs, general expenses of the District and debt service payments. Day-to-day operations of the District are directed by a general manager appointed by the Board, an assistant general manager and two deputy general managers. The District s vision is To be a global leader in service, innovation and stewardship and its mission is to Provide world class water service in a sustainable, adaptive and responsible manner to our customers through reliable, cost effective systems. The Board has adopted a series of strategic goals to support the District s vision and mission. Beginning in September 2008, the District was appointed to be the operating agent for the Big Bend Water District (BBWD). Prior to the appointment, BBWD s operating agent was the Clark County Water Reclamation District. BBWD was established in 1983 under the provisions of Nevada Revised Statutes 318 for the purpose of obtaining and distributing water in Laughlin, Nevada. The Clark County Board of Commissioners serves as the BBWD Board of Trustees. The District also functions as the operating agent for the Southern Nevada Water Authority (SNWA). The SNWA is a joint powers authority created in 1991 to address Southern Nevada s unique water needs on a regional basis. The SNWA is charged with acquiring and managing current and future resources, constructing and managing regional water facilities and promoting water conservation. The District is one of the SNWA s seven member agencies. In 1996, the SNWA assumed all assets and liabilities of the Southern Nevada Water System (SNWS) from the Colorado River Commission of Nevada (CRC). Originally financed and constructed by the State of Nevada with assistance from the federal government, the SNWS is responsible for the treatment and distribution of Colorado River water from Lake Mead. The District operates the SNWS on behalf of the SNWA as it did previously for the CRC. Additional information on the District s relationship to the SNWS and the SNWA can be found in the notes to the basic financial statements (Notes 7, 8 and 12). As required by Nevada law, the District s budget is approved annually by its Board following a public hearing, and a copy of the budget is submitted to the Nevada Department of Taxation. Budgetary controls are established at the levels of total estimated operating and non-operating expenses. The budget controls District expenditures at various levels. These levels always include departments and divisions, and in some instances, sections. Most disbursements are made through the issuance of purchase orders. Purchases of new furniture and vehicles are administered by the District s Operations Department and Fleet Division, respectively; communication and computer equipment purchases are administered under the authority of the Information Technology Department; and new positions are controlled by the Human Resources Department. Financial Services prepares variance reports by division and division managers are accountable for expenditures over and under budget. Because the members of the Clark County Commission also serve as the Board of Directors for the District, the District s financial report is included as a blended component unit within Clark County s CAFR. A blended component unit means that the District s balances and transactions are included in Clark County s financial report in combination with Clark County s balances and transactions. 2

5 FACTORS AFFECTING FINANCIAL CONDITION Local economy. According to a report from the University of Nevada, Las Vegas' Center for Business and Economic Research (CBER) issued on June 17, 2014, the Southern Nevada economy is in its fourth year of an accelerating recovery. The 2014 Midyear Economic Outlook publication states that the growth is widespread across Southern Nevada s industries. CBER noted that construction, real estate, leisure and hospitality, trade, transportation and utilities, education and health services, professional and business services, financial activities and other services are all doing well. Financial conditions are also improving and visitor volume is once again rising after a year of stagnation. Because the Southern Nevada economy is heavily dependent on tourism, its outlook is tied to the growth of the U.S. and western states economies. CBER forecasts visitor volume, gross gaming revenue and housing units permitted to continue to modestly improve through Visitor volume in Southern Nevada in 2013 reached 39.8 million people and is forecast to increase to 40.0 million in 2014 and 40.8 million in Gross gaming revenue in Southern Nevada was $9.7 billion in 2013 and forecast to increase to $10.0 billion in 2014 and $10.3 billion in Housing units permitted in Southern Nevada were 8,554 in 2013 and forecast to increase to 9,401 in 2014 and 10,181 in The Southern Nevada unemployment rate continues to show improvement. The Nevada Department of Employment, Training and Rehabilitation (DETR) reported that the unemployment rate for the Las Vegas Metropolitan Statistical Area (MSA) for June 2014 was 7.9%. This compares to an unemployment rate of 10.4% for June The seasonally adjusted unemployment rate for the State of Nevada was 7.7% for June 2014 compared to 10.0% for June Although improving, Nevada s unemployment rate is still well above the national average. The average seasonally adjusted unemployment rate for the United States was 6.1% for June 2014 and 7.5% for June Nevada has ranked among the top states for joblessness since In June 2014, Nevada ranked No. 3 and in June 2013 it ranked No. 1. Total employment for the Las Vegas MSA was thousand in June 2014 compared to thousand in June 2013, an increase of 2.6%. Although the local economy has been improving slowly and consistently since it hit bottom in 2010, the District continues to practice cautious fiscal responsibility, increased customer sensitivity and sustained organizational efficiency to provide high levels of service, maintain the community water system and deliver reliable, quality water to customers. The impacts of the recession have meant a change in Southern Nevada s economic environment, a slowing of population growth, a decrease in water sales, and a significant decrease in the facilities connection charges collected to help pay for the community s water infrastructure. The District implemented a number of interim measures to survive the worst of the economic downturn: Contract and staff positions were eliminated or left vacant. A Voluntary Furlough Program was implemented, allowing employees to contribute hours by taking leave without pay. Introduced in 2010 an early retirement option. Eliminated longevity pay for new hires on or after January 1, No Cost-Of-Living Adjustments in fiscal years and Deferred capital projects. Negotiated a Board-approved, five-year contract in 2010 for collective bargaining. Reduced contracts for consultants. Deferred fleet purchases. Deferred technology infrastructure costs. Reduced travel, training and professional dues budgets. 3

6 While these measures helped the District weather the worst of the economic downturn, they were not sustainable from an infrastructure management and operational perspective. In spring 2014 the District reduced budgeted positions by over 11%. Employees affected by the reduction were provided outplacement services and these reduced payroll costs were included in the adopted budget. As the District transitions from system expansion to operations, asset management and increased service to the community, it must adapt to the new business environment under which it operates. Financial policy. The District s financial policy is to charge reasonable rates, fees and other charges sufficient to pay for water service, the costs of operation and maintenance of its facilities, the general expenses of the District, and principal and interest on all bonds and other obligations of the District. It is also District policy to fix rates and charges sufficient to maintain a debt service coverage ratio in accordance with its bond covenants. The District deposits all moneys received from the sale or distribution of water or otherwise derived from the works or property of the District into the Revenue Fund. Further, the District keeps proper books of record and account in accordance with sound accounting practice; complete and correct entries are made of its works, properties, and the revenues received therefrom. The District has not deviated from its financial policy. Long Term Financial Planning. The District's long-term financing plan includes utilizing a combination of the District's unrestricted cash funds and debt financing. The District has substantially reduced expenditures, maintained budgetary restrictions and did not require a rate increase in fiscal year 2014 or fiscal year The District collects from District customers and remits to the SNWA several fees and charges. In March 2012 the District's Board approved a SNWA infrastructure charge based upon meter diameter size and type. In August 2012 a credit to the SNWA infrastructure charge amounting to 50 percent of the approved charges levied against fire meters was approved by the Board. In December 2013, the District s Board approved increases to the SNWA infrastructure charge and to the SNWA commodity charge. Increases to these SNWA charges were effective on January 1, 2014 and will increase annually on January 1 through Revenues generated from these SNWA charges will help to fund debt service on SNWA bond obligations which are associated with existing infrastructure and projects under construction. Revenue from the SNWA infrastructure charge, as well as revenue from other SNWA fees and charges, is forwarded to the SNWA (see Note 7 - Southern Nevada Water Authority (SNWA)). The District did not issue any long-term debt in fiscal year Strategic Plan and Realignment. Recent operational experiences have demonstrated the impact that dynamic economic conditions and environmental challenges can have on water resources and customers alike, emphasizing the need for proactive flexibility throughout the organization. The District underwent a strategic planning process that culminated in the realignment of the organization with Southern Nevada s new economic realities. The organization completed a new strategic plan, which was reviewed by the Board of Directors in As a result of this process, a blue print was developed to guide organizational transition, increase communication, emphasize accountability, and continue to cut costs and eliminate duplication in a manner representative of the District s commitment to internal efficiency and exemplary customer service. By developing measures, milestones and standards of excellence at all staff levels and incorporating them into the strategic plan, the entire District workforce has the opportunity to be engaged in its implementation through daily tasks and work objectives. Organizational Structure For the strategic plan to be successful, organizational realignment is necessary and will continue throughout As part of the realignment process, the District and SNWA Engineering departments merged and the District Facilities division merged with the SNWA Facilities divisions. These 4

7 consolidations will create increased efficiency and streamline internal processes. In addition, a new Infrastructure Management department was formed using existing staff to support the organization s focus on maintaining a reliable water delivery system and a comprehensive asset management program. Leadership Transformation After serving as General Manager for more than 25 years, Patricia Mulroy retired on February 6, 2014 and John Entsminger was selected by the Board of Directors as the new General Manager. While Mr. Entsminger s appointment comes at a time when organizational focus is shifting from system expansion to asset management and operations, and increased service levels, the organization s commitment to meeting those objectives in a fiscally responsible manner will remain unchanged. Major initiatives. The District evaluates on an ongoing basis opportunities to improve efficiencies and performance through major initiatives. The District has made significant efforts during the past year to increase its ability to respond to changes in the economy, environment and customer base through the efficient use of existing assets, the optimization of available resources and greater focus on customer experience. Major initiatives for the fiscal year 2014 unless otherwise indicated were as follows: The District currently operates and maintains more than 6,200 miles of pipeline, 53 pumping stations, 41 reservoirs/tanks, 63 active wells, more than 367,000 water meters and a 3.1 megawatt solar-electric system. With a system this large, continued maintenance and management of a robust Asset Management Plan is critical to meet the District's conservation objectives and customer obligations. Not only does the District's Asset Management System provide a means to evaluate current and future financial needs as they pertain to necessary water infrastructure, it also identifies opportunities to extend infrastructure life, improve operational efficiencies and reduce costs. The District will continue to implement this plan as a foundation for assessing the condition of the District's water production and distribution system infrastructure and forecasting short and long-term capital renewal needs. District staff is currently in the process of rehabilitating the 40 million gallon Fayle Reservoir which has been in service since When the structure was first evaluated to determine the extent of necessary improvements, it was thought that the entire reservoir and its pumping stations should be replaced - a construction project estimated at approximately $45 million. In an effort to minimize rate impacts, the District hired a structural engineering consultant to assess the condition of the reservoir and determine if rehabilitation could be performed more economically, but still bring the reservoir into compliance with seismic zone requirements, state regulations and county standards. Ultimately, the inspection report recommended that structural rehabilitation would not only cost significantly less, but it would bring the reservoir up to standard and extend its life up to 25 years. The cost of the rehabilitation is approximately $11.5 million and the project is currently under design. Since December 2011, approximately 220,000 water meters and automatic meter reader (AMR) devices have been replaced within the District service area as they experienced technical malfunctions or their batteries approached expiration. Approximately 27,000 meters/amr devices remain to be replaced within the District service area. The new devices being installed allow District staff increased flexibility and responsiveness to customer billing needs. Total funding for this project is $38.7 million. The District avoided an estimated $4 million in costs by implementing a new automated outbound system that calls customers in arrears and gives them the option to pay via an agent or the Interactive Voice Response system. By reminding customers their bill is due and avoiding service disconnection, the District reduced the number of manual meter reads required by 10,000 per month. The District also will launch a new mobile phone application for customer payments this 5

8 year, increasing convenience and options available to customers to pay their water bills. In addition, a recently enhanced customer call center ensures customer wait times are kept minimal. The District s Engineering Services division recently absorbed the SNWA Development Plan Review Team. This has resulted in a reduction of review duplication, fewer back-and-forth trips by engineers for submittals, and a consolidation of digital comments to further reduce supply costs. Also, numerous District facility replacement and improvement projects have been incorporated into city, county and Nevada Department of Transportation projects, reducing the District s costs and minimizing construction impact on the public. A major upgrade of ViryaNet, the District s mobile workforce management software was completed. The upgrade leveraged advanced technologies; in-route optimization, resource matching, and dispatch management. The route optimization and resource management components will automatically assign work based on skill level and route sequence. By utilizing technologies to perform this complex optimization algorithm, cost savings are achieved by a reduction in travel time and an increase in resource efficiency. In addition, the auto dispatching of work assignments will allow dispatchers to focus on higher priority work and field communication. District employees continue to contribute to the organization s cost-reducing efforts. Since the implementation of a voluntary furlough program, employees have contributed 55,288 hours, resulting in approximately $2.2 million in savings. To ensure water supplies remain available, the District, the SNWA and its other member agencies have implemented a number of initiatives. These efforts include water conservation programs, securing additional water resources and when appropriate, banking unused water resources. The District s award winning water conservation efforts have been particularly effective. Over the last 10 years, the District's average monthly water use for residential single-service declined by 23 percent, from approximately 15,100 gallons in fiscal year 2004 to approximately 11,600 gallons in fiscal year The Springs Preserve, located on District property, is a 180-acre cultural and historical attraction designed to commemorate Las Vegas dynamic history and provide a vision for a sustainable future. The Springs Preserve: Welcomed approximately 257,000 visitors in fiscal year 2014; Increased total operating revenues to approximately $2.3 million in fiscal year 2014 from approximately $2.1 million in fiscal year 2013, a 10% increase; Increased facility rental revenue for meetings and private events to approximately $253,000 in fiscal year 2014 from approximately $154,000 in fiscal year 2013, a 64% increase; Earned approximately $95,000 in fiscal year 2014 for the first full year of operating a trackless train to boost guest exploration of the trail system; Increased membership revenues to approximately $431,000 in fiscal year 2014 from approximately $420,000 in fiscal year 2013, a 3% increase; Welcomed approximately 29,000 students through the free field trip program in fiscal year 2014; Increased general admission revenues to approximately $509,000 in fiscal year 2014 from approximately $481,000 in fiscal year 2013, a 6% increase; 6

9 Received approximately $264,000 in contribution funding from program sponsors, grants and members in fiscal year 2014 from approximately $211,000 in fiscal year 2013, a 25% increase; Increased gift shop revenues to approximately $251,000 in fiscal year 2014 from approximately $228,000 in fiscal year 2013, a 10% increase; Increased education revenues to approximately $184,000 in fiscal year 2014 from approximately $153,000 in fiscal year 2013, a 20% increase; and Will receive approximately $1.6 million in federal grants for fiscal year 2014 capital expenditures. SEC REQUIREMENT On November 10, 1994, the U.S. Securities and Exchange Commission (SEC) amended the Securities Exchange Act of 1934, Rule 15c2-12, regarding continuing disclosure by issuers of municipal securities for the benefit of holders of such securities. Along with other requirements, the amendments require that certain annual financial information be provided to various information repositories for bond issues sold on or after July 3, The annual financial information must include an update of the same historical financial statements that are included in the final official statement issued at the time of the bond sale. The required annual financial information for the District is incorporated in the Statements of Revenues, Expenses, and Changes in Net Position, page 22, and in Note 4, Long Term Debt, pages 34 to 38, inclusive. Additional required information can be found in the Statistical Section on pages 61 to 89, inclusive. The District forwards its CAFR to the appropriate information repositories. AWARDS AND ACKNOWLEDGMENTS The Government Finance Officers Association (GFOA) of the United States and Canada awarded a Certificate of Achievement for Excellence in Financial Reporting to the District for its CAFR for the fiscal year ended June 30, This is a prestigious national award recognizing conformance with the highest standards for the preparation of state and local government financial reports. To receive this award, a governmental unit must publish an easily readable and efficiently organized financial report that conforms to program standards. Such reports must satisfy both accounting principles generally accepted in the United States as well as other applicable legal requirements. The District has received this award for the last 35 consecutive years. In addition, the District has also received the GFOA s Distinguished Budget Presentation Award for its budget documents for the previous 19 consecutive years. In order to receive this award, a governmental unit must publish a budget document that meets program criteria as an operations guide, a financial plan and a policy and communication document. The Distinguished Budget Presentation Award is awarded on an annual basis. We believe the current budget continues to conform to program requirements and we have submitted it for award consideration. We also believe this report continues to conform to certificate requirements and plan to submit it to the GFOA after approval from the Board. We express our appreciation to the District s accounting staff for their dedication in the preparation of this report, the staff members of other departments for their assistance, and the auditing firm of Piercy Bowler 7

10 Taylor & Kem for their professional services. We also want to thank the members of the Board of Directors for their continued support and sound governance. Sincerely, Joi.i:mil~ General Manager * (lldµt Chief Financial Officer 8

11

12 Organization Chart As of June 30, 2014 General Manager Assistant General Manager Deputy GM: Administration Deputy GM: Engineering / Operations Chief Financial Officer General Counsel Customer Care and Field Services Engineering Finance Legal Environmental, Health, Safety, and Corporate Security Infrastructure Management Energy Management Human Resources LVVWD Operations Information Technology SNWS Operations Public Services Water & Environmental Resources Water Quality and Treatment

A COMPONENT UNIT OF CLARK COUNTY, NEVADA FOR FISCAL YEARS ENDED JUNE 30, 2014 AND 2013

A COMPONENT UNIT OF CLARK COUNTY, NEVADA FOR FISCAL YEARS ENDED JUNE 30, 2014 AND 2013 A COMPONENT UNIT OF CLARK COUNTY, NEVADA FOR FISCAL YEARS ENDED JUNE 30, 2014 AND 2013 2014 The Las Vegas Valley Water District (L V V W D) is a not-for-profit agency that began providing water to the

More information

SECTION 7 DEBT MANAGEMENT POLICY LAS VEGAS VALLEY WATER DISTRICT FISCAL YEAR 2015-16 OPERATING AND CAPITAL BUDGET

SECTION 7 DEBT MANAGEMENT POLICY LAS VEGAS VALLEY WATER DISTRICT FISCAL YEAR 2015-16 OPERATING AND CAPITAL BUDGET SECTION 7 DEBT MANAGEMENT POLICY LAS VEGAS VALLEY WATER DISTRICT FISCAL YEAR 2015-16 OPERATING AND CAPITAL BUDGET In Accordance With NRS 350.013 June 30, 2015 7-1 Table of Contents Introduction... 7-3

More information

COMPREHENSIVE ANNUAL FINANCIAL REPORT July 1, 2011 - June 30, 2012 Las Vegas, Nevada

COMPREHENSIVE ANNUAL FINANCIAL REPORT July 1, 2011 - June 30, 2012 Las Vegas, Nevada COMPREHENSIVE ANNUAL FINANCIAL REPORT July 1, 2011 - June 30, 2012 Las Vegas, Nevada Comprehensive Annual Financial Report July 1, 2011 - June 30, 2012 Las Vegas, Nevada Las Vegas--Clark County Library

More information

DEAN H. SEKI COMPTROLLER

DEAN H. SEKI COMPTROLLER COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2013 DEAN H. SEKI COMPTROLLER HAWAII COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2013 Prepared by Accounting

More information

Henderson Facts. Population of approximately 271,000. Second largest city in Nevada. Full-service city/services provided:

Henderson Facts. Population of approximately 271,000. Second largest city in Nevada. Full-service city/services provided: Henderson Facts Population of approximately 271,000 Second largest city in Nevada 105 square miles Full-service city/services provided: Water Wastewater Police Fire Emergency medical services Premier parks,

More information

State of Arkansas Construction Assistance Revolving Loan Fund Program

State of Arkansas Construction Assistance Revolving Loan Fund Program Auditor s Report and Financial Statements Contents Independent Auditor s Report... 1 Management s Discussion and Analysis... 4 Financial Statements Statements of Net Position... 9 Statements of Revenues,

More information

COMPREHENSIVE ANNUAL FINANCIAL REPORT

COMPREHENSIVE ANNUAL FINANCIAL REPORT MARION COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Year Ended September 30, 2005 Prepared by: Finance Department Office of the Clerk of the Circuit Court INTRODUCTORY SECTION One of EMSA

More information

LEE BUSI N ESS SCHOOL SOUTHERN NEVADA QUARTERLY ECONOMIC FORECAST. Southern Nevada Economy to Continue Growth in 2014 and 2015

LEE BUSI N ESS SCHOOL SOUTHERN NEVADA QUARTERLY ECONOMIC FORECAST. Southern Nevada Economy to Continue Growth in 2014 and 2015 CENTER FOR BUSINESS & ECONOMIC RESEARCH LEE BUSI N ESS SCHOOL SOUTHERN NEVADA QUARTERLY ECONOMIC FORECAST Quarter 2 2014 Southern Nevada Economy to Continue Growth in 2014 and 2015 S ince the end of the

More information

By STEPHEN J. GAUTHIER. The New Blue Book

By STEPHEN J. GAUTHIER. The New Blue Book By STEPHEN J. GAUTHIER The New Blue Book This spring, the Government Finance Officers Association (GFOA) released a new edition of its classic Blue Book, Governmental Accounting, Auditing, and Financial

More information

SOUTHWEST TRANSIT Eden Prairie, Minnesota. Comprehensive Annual Financial Report For the Year Ended December 31, 2013

SOUTHWEST TRANSIT Eden Prairie, Minnesota. Comprehensive Annual Financial Report For the Year Ended December 31, 2013 Comprehensive Annual Financial Report For the Year Ended December 31, 2013 Mission Statement SouthWest Transit is committed to providing a quality riding experience that fulfills the needs and exceeds

More information

Arizona 1. Dependent Public School Systems (14) Arizona ranks 39th among the states in number of local governments, with 639 as of June 2002.

Arizona 1. Dependent Public School Systems (14) Arizona ranks 39th among the states in number of local governments, with 639 as of June 2002. Arizona Arizona ranks 39th among the states in number of local governments, with 639 as of June 2002. COUNTY GOVERNMENTS (15) There are no areas in Arizona lacking county government. The county governing

More information

Bridges of America - The Orlando Bridge, Inc. Orlando, Florida Financial Statements and Supplemental Information Year Ended June 30, 2011

Bridges of America - The Orlando Bridge, Inc. Orlando, Florida Financial Statements and Supplemental Information Year Ended June 30, 2011 Bridges of America - The Orlando Bridge, Inc. Orlando, Florida Financial Statements and Supplemental Information Year Ended June 30, 2011 Table of Contents Page Independent Auditor s Report 1 Financial

More information

State of Arkansas Construction Assistance Revolving Loan Fund Program

State of Arkansas Construction Assistance Revolving Loan Fund Program Independent Auditor s Report and Financial Statements Contents Independent Auditor s Report... 1 Management s Discussion and Analysis... 4 Financial Statements Statements of Net Position... 9 Statements

More information

SECTION 8 STATISTICAL INFORMATION LAS VEGAS VALLEY WATER DISTRICT FISCAL YEAR 2015-16 OPERATING AND CAPITAL BUDGET

SECTION 8 STATISTICAL INFORMATION LAS VEGAS VALLEY WATER DISTRICT FISCAL YEAR 2015-16 OPERATING AND CAPITAL BUDGET SECTION 8 STATISTICAL INFORMATION LAS VEGAS VALLEY WATER DISTRICT FISCAL YEAR 2015-16 OPERATING AND CAPITAL BUDGET Las Vegas Valley Water District Page Description 8 1 Cover Page 8 2 Demographic Statistics

More information

CITY OF CHESAPEAKE ORGANIZATION

CITY OF CHESAPEAKE ORGANIZATION CITY OF CHESAPEAKE ORGANIZATION The City of Chesapeake derives its governing authority from a Charter granted by the General Assembly of the Commonwealth of Virginia. The City is organized under a Council-Manager

More information

City of Surprise, Arizona Comprehensive Financial Management Policies Effective July 1, 2015

City of Surprise, Arizona Comprehensive Financial Management Policies Effective July 1, 2015 City of Surprise, Arizona Comprehensive Financial Management Policies Effective July 1, 2015 Introduction The City Council s Strategic Plan Framework, goals and objectives provide the foundation for the

More information

Delaware Health Information Network. Financial Statements and Independent Auditors Report. June 30, 2015 and 2014

Delaware Health Information Network. Financial Statements and Independent Auditors Report. June 30, 2015 and 2014 Financial Statements and Independent Auditors Report June 30, 2015 and 2014 Issue Date: November 4, 2015 Table of Contents June 30, 2015 and 2014 Page No. Independent Auditors Report 1 Management s Discussion

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

West Virginia Council for Community and Technical College Education

West Virginia Council for Community and Technical College Education West Virginia Council for Community and Technical College Education Combined Financial Statements Years Ended June 30, 2013 and 2012 and Independent Auditor s Reports TABLE OF CONTENTS INDEPENDENT AUDITOR

More information

City of Surprise, Arizona Comprehensive Financial Management Policies FY 2013

City of Surprise, Arizona Comprehensive Financial Management Policies FY 2013 City of Surprise, Arizona Comprehensive Financial Management Policies FY 2013 Introduction The City Council s Strategic Plan Framework, goals and objectives provide the foundation for the comprehensive

More information

80.20 Generally Accepted Accounting Principles

80.20 Generally Accepted Accounting Principles 80.20.10 80.20 Generally Accepted Accounting Principles 80.20.10 July 1, 2001 This state adopts Generally Accepted Accounting Principles (GAAP) Generally accepted accounting principles (GAAP) are uniform

More information

Financial Statements Periods Ended June 30, 2014 and June 30, 2013 With Report of Independent Auditors

Financial Statements Periods Ended June 30, 2014 and June 30, 2013 With Report of Independent Auditors Financial Statements Periods Ended June 30, 2014 and June 30, 2013 With Report of Independent Auditors TABLE OF CONTENTS Independent Auditors Report.. 1 Management s Discussion and Analysis.. 3 Financial

More information

STATE OF NEVADA COLORADO RIVER COMMISSION OF NEVADA

STATE OF NEVADA COLORADO RIVER COMMISSION OF NEVADA STATE OF NEVADA COLORADO RIVER COMMISSION OF NEVADA AUDIT REPORT Table of Contents Page Executive Summary... 1 Introduction... 5 Background... 5 Close Working Relationship With SNWA... 6 Risks Associated

More information

City of Mt. Angel. Comprehensive Financial Management Policies

City of Mt. Angel. Comprehensive Financial Management Policies City of Mt. Angel Comprehensive Financial Management Policies May 2014 Table of Contents Section Description Page I. Purpose... 3 II. Objectives... 3 III. Management of Fiscal Policy... 4 IV. Accounting,

More information

PAWNEE COUNTY, KANSAS PUBLIC BUILDING COMMISSION FINANCIAL STATEMENT

PAWNEE COUNTY, KANSAS PUBLIC BUILDING COMMISSION FINANCIAL STATEMENT PAWNEE COUNTY, KANSAS PUBLIC BUILDING COMMISSION FINANCIAL STATEMENT For the Year Ended December 31, 2013 VONFELDT, BAUER & VONFELDT, CHTD. Certified Public Accountants Larned, Kansas 67550 PAWNEE COUNTY,

More information

AUDIT REPORT OF THE LEARNING COMMUNITY OF DOUGLAS AND SARPY COUNTIES SEPTEMBER 1, 2013 THROUGH AUGUST 31, 2014

AUDIT REPORT OF THE LEARNING COMMUNITY OF DOUGLAS AND SARPY COUNTIES SEPTEMBER 1, 2013 THROUGH AUGUST 31, 2014 AUDIT REPORT OF THE LEARNING COMMUNITY OF DOUGLAS AND SARPY COUNTIES SEPTEMBER 1, 2013 THROUGH AUGUST 31, 2014 This document is an official public record of the State of Nebraska, issued by the Auditor

More information

CITY OF HENDERSON, NEVADA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2010

CITY OF HENDERSON, NEVADA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2010 CITY OF HENDERSON, NEVADA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2010 Prepared by: Department of Finance Richard A. Derrick Finance Director THIS PAGE INTENTIONALLY LEFT

More information

HOUSE BILL 2587 AN ACT

HOUSE BILL 2587 AN ACT Senate Engrossed House Bill State of Arizona House of Representatives Fifty-second Legislature First Regular Session 2015 HOUSE BILL 2587 AN ACT AMENDING SECTIONS 35-142 AND 35-315, ARIZONA REVISED STATUTES;

More information

FINANCE. Annual Fiscal Plan. Original. Actual

FINANCE. Annual Fiscal Plan. Original. Actual FINANCE Description The Director of Finance is charged by State law with all duties mandated for the constitutional offices of the Treasurer and Commissioner of Revenue as prescribed by the Code of Virginia

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

THE FLORIDA INTERNATIONAL UNIVERSITY ACADEMIC HEALTH CENTER HEALTH CARE NETWORK FACULTY GROUP PRACTICE, INC.

THE FLORIDA INTERNATIONAL UNIVERSITY ACADEMIC HEALTH CENTER HEALTH CARE NETWORK FACULTY GROUP PRACTICE, INC. FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2011 CONTENTS Independent Auditors Report... 1-2 Management Discussion and Analysis... 3-7 Basic Financial Statements Statement of Net Assets...8 Statement

More information

AGENDA AND NOTICE OF PUBLIC HEARING LAS VEGAS VALLEY WATER DISTRICT BOARD OF DIRECTORS

AGENDA AND NOTICE OF PUBLIC HEARING LAS VEGAS VALLEY WATER DISTRICT BOARD OF DIRECTORS AGENDA AND NOTICE OF PUBLIC HEARING LAS VEGAS VALLEY WATER DISTRICT BOARD OF DIRECTORS SPECIAL MEETING 9:45 A.M. MAY 20, 2013 COMMISSION CHAMBERS CLARK COUNTY GOVERNMENT CENTER 500 S. GRAND CENTRAL PARKWAY,

More information

FINANCIAL MANAGEMENT POLICIES AND PROCEDURES

FINANCIAL MANAGEMENT POLICIES AND PROCEDURES FINANCIAL MANAGEMENT POLICIES AND PROCEDURES 1. GENERAL PURPOSE The purpose of these policies is to establish guidelines for developing financial goals and objectives, making financial decisions, reporting

More information

SECTION 5 DEPARTMENT BUDGETS LAS VEGAS VALLEY WATER DISTRICT FISCAL YEAR 2015-16 OPERATING AND CAPITAL BUDGET

SECTION 5 DEPARTMENT BUDGETS LAS VEGAS VALLEY WATER DISTRICT FISCAL YEAR 2015-16 OPERATING AND CAPITAL BUDGET SECTION 5 DEPARTMENT BUDGETS LAS VEGAS VALLEY WATER DISTRICT FISCAL YEAR 2015-16 OPERATING AND CAPITAL BUDGET This section contains summaries of budgets for each of the Las Vegas Valley Water District

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

Annual Report FY 2014. Courtney M. Kay-Decker Director

Annual Report FY 2014. Courtney M. Kay-Decker Director Annual Report FY 2014 Courtney M. Kay-Decker Director TABLE of CONTENTS Department of Revenue Organizational Chart... 2 Department Mission, Vision, and Guiding Principles... 3 Department Core Functions...

More information

HOUSE BILL No. 2087. By Committee on Insurance 1-26. AN ACT enacting the Kansas professional employer organization licensing

HOUSE BILL No. 2087. By Committee on Insurance 1-26. AN ACT enacting the Kansas professional employer organization licensing Session of 00 HOUSE BILL No. 0 By Committee on Insurance - 0 0 AN ACT enacting the Kansas professional employer organization licensing act. Be it enacted by the Legislature of the State of Kansas: Section.

More information

STATE OF ARIZONA REGISTRAR OF CONTRACTORS RESIDENTIAL CONTRACTORS RECOVERY FUND

STATE OF ARIZONA REGISTRAR OF CONTRACTORS RESIDENTIAL CONTRACTORS RECOVERY FUND FINANCIAL STATEMENT FINANCIAL STATEMENT i TABLE OF CONTENTS Independent Accountants Report....1 Financial Statement Statement of Cash Receipts, Cash Disbursements, and Changes in Fund Cash Balance..2 Notes

More information

FLORIDA STATE COLLEGE AT JACKSONVILLE PATHWAYS ACADEMY A Charter School and Restricted Fund of Florida State College at Jacksonville

FLORIDA STATE COLLEGE AT JACKSONVILLE PATHWAYS ACADEMY A Charter School and Restricted Fund of Florida State College at Jacksonville FLORIDA STATE COLLEGE AT JACKSONVILLE PATHWAYS ACADEMY A Charter School and Restricted Fund of Florida State College at Jacksonville NOTES TO FINANCIAL STATEMENTS Year Ended June 30, 2014 Note 1 - Nature

More information

SECTION 9 FINANCIAL POLICY LAS VEGAS VALLEY WATER DISTRICT FISCAL YEAR 2015-16 OPERATING AND CAPITAL BUDGET

SECTION 9 FINANCIAL POLICY LAS VEGAS VALLEY WATER DISTRICT FISCAL YEAR 2015-16 OPERATING AND CAPITAL BUDGET SECTION 9 FINANCIAL POLICY LAS VEGAS VALLEY WATER DISTRICT FISCAL YEAR 2015-16 OPERATING AND CAPITAL BUDGET Financial Policy The Las Vegas Valley Water District (LVVWD) conducts a process to update and

More information

Maine Public Employees Retirement System

Maine Public Employees Retirement System Maine Public Employees Retirement System Comprehensive Annual Financial Report C 2 A FR 0 1 3 For the Fiscal Year Ended June 30, 2013 MainePERS is a component unit of the State of Maine. A Component Unit

More information

CITY OF AVENTURA POLICE OFFICERS RETIREMENT PLAN FINANCIAL STATEMENTS SEPTEMBER 30, 2014, AND 2013

CITY OF AVENTURA POLICE OFFICERS RETIREMENT PLAN FINANCIAL STATEMENTS SEPTEMBER 30, 2014, AND 2013 CITY OF AVENTURA POLICE OFFICERS RETIREMENT PLAN FINANCIAL STATEMENTS SEPTEMBER 30, 2014, AND 2013 CITY OF AVENTURA POLICE OFFICERS RETIREMENT PLAN FINANCIAL STATEMENTS SEPTEMBER 30, 2014, AND 2013 TABLE

More information

DISTRICT OF NORTH VANCOUVER GUIDE TO FINANCIAL STATEMENTS

DISTRICT OF NORTH VANCOUVER GUIDE TO FINANCIAL STATEMENTS DISTRICT OF NORTH VANCOUVER GUIDE TO FINANCIAL STATEMENTS DISTRICT OF NORTH VANCOUVER Our goal at North Vancouver District is to make information sharing and reporting convenient, accessible and relevant

More information

Page Intentionally Left Blank

Page Intentionally Left Blank Page Intentionally Left Blank Department Description The Debt Management Department conducts planning, structuring, and issuance activities for all City financings to fund cash flow needs and to provide

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

Western Energy Services Corp. Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited)

Western Energy Services Corp. Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited) Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited) Condensed Consolidated Balance Sheets (Unaudited) (thousands of Canadian dollars) Note September 30, 2015 December 31,

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

WHITE CLOUD AREA FIRE DEPARTMENT JOINT BUILDING AUTHORITY NEWAYGO COUNTY, MICHIGAN ANNUAL FINANCIAL REPORT YEAR ENDED DECEMBER 31, 2013

WHITE CLOUD AREA FIRE DEPARTMENT JOINT BUILDING AUTHORITY NEWAYGO COUNTY, MICHIGAN ANNUAL FINANCIAL REPORT YEAR ENDED DECEMBER 31, 2013 WHITE CLOUD AREA FIRE DEPARTMENT JOINT BUILDING AUTHORITY NEWAYGO COUNTY, MICHIGAN ANNUAL FINANCIAL REPORT YEAR ENDED DECEMBER 31, 2013 TABLE OF CONTENTS INDEPENDENT AUDITOR'S REPORT 1 MANAGEMENT S DISCUSSION

More information

2008/09 Financial Management Strategy

2008/09 Financial Management Strategy 2008/09 Financial Management Strategy Report on outcomes For more information visit www.manitoba.ca R e p o r t o n O u t c o m e s / 1 Report on Outcomes Budget 2008 set out the second Financial Management

More information

AD VALOREM TAX ADOPTED BUDGET

AD VALOREM TAX ADOPTED BUDGET AD VALOREM TAX ADOPTED BUDGET AGGREGATE TAX RATE AMENDMENT APPROPRIATION ASSESSED VALUE BALANCE FORWARD BALANCE FORWARD - CAPITAL A tax levied on the assessed value of real property (also known as "property

More information

MASSACHUSETTS BAY TRANSPORTATION AUTHORITY Debt Issuance and Management Policy June 20, 2016

MASSACHUSETTS BAY TRANSPORTATION AUTHORITY Debt Issuance and Management Policy June 20, 2016 MASSACHUSETTS BAY TRANSPORTATION AUTHORITY Debt Issuance and Management Policy June 20, 2016 a) Purpose for Policy and Debt; Use of Debt Proceeds The purpose of this policy is to establish a framework

More information

Treasurers Account Book

Treasurers Account Book Treasurers Account Book Bureau of Municipal Services PennDOT PREFACE... 4 INSTRUCTIONS FOR NAVIGATING THE FORMS AND ADDING OR REMOVING A SHEET TO THE EXCEL FORMATTED BOOK... 4 Navigation of the excel formatted

More information

Chief School Business Official [29.110]

Chief School Business Official [29.110] Chief School Business Official [29.110] STANDARD 1 Educational Foundations of Schools The competent chief school business official is knowledgeable about the educational foundations of schools. 1A. is

More information

Department of Finance

Department of Finance Department of Finance Financial Control and Compliance Investing and Cash Flow Management Accounting and Financial Reporting Payment of Countywide Obligations Risk Management* * The Risk Management budget

More information

The accounting system and procedures detailed herein are based on IC 20-41-1-1 et seq..

The accounting system and procedures detailed herein are based on IC 20-41-1-1 et seq.. Revised 2010-1-1 CHAPTER 1 SCHOOL EXTRA-CURRICULAR ACCOUNT - OVERVIEW INTRODUCTION The accounting system and procedures detailed herein are based on IC 20-41-1-1 et seq.. Activity or activities as used

More information

City of Missoula Debt Management. Major Bond Issues. Outstanding Debt DEBT MANAGEMENT. City of Missoula FY 2015 Annual Budget Page I - 1

City of Missoula Debt Management. Major Bond Issues. Outstanding Debt DEBT MANAGEMENT. City of Missoula FY 2015 Annual Budget Page I - 1 City of Missoula Debt Management Debt in a governmental entity is an effective financial management tool. Active debt management provides fiscal advantages to the City of Missoula and its citizens. Debt

More information

DIVISION OF ACCOUNTS AND REPORTS POLICY AND PROCEDURE MANUAL Revision Date 04/03/00 Filing Number 4,271 Date Issued 04/76 Page 1 of 5 Revisions #

DIVISION OF ACCOUNTS AND REPORTS POLICY AND PROCEDURE MANUAL Revision Date 04/03/00 Filing Number 4,271 Date Issued 04/76 Page 1 of 5 Revisions # Date Issued 04/76 Page 1 of 5 SUBJECT Fund Accounting PURPOSE Financial transactions for all state agencies should be recorded in self-balancing groups of accounts established as funds by law or administrative

More information

Main Operating Appropriations Bill. Same as the House. 1 Prepared by the Legislative Service Commission

Main Operating Appropriations Bill. Same as the House. 1 Prepared by the Legislative Service Commission AUDCD3 Distribution of forfeiture proceeds R.C. 117.54, 2981.13 R.C. 117.54, 2981.13 R.C. 117.54, 2981.13 Permits the, when the Auditor is substantially involved in the seizure of forfeited property as

More information

Bailey, Hodshire & Company, P.C.

Bailey, Hodshire & Company, P.C. Bailey, Hodshire & Company, P.C. CERTIFIED PUBLIC ACCOUNTANTS 479 E. CHICAGO STREET PHONE: (517) 849-2410 P.O. BOX 215 FAX: (517) 849-2493 JONESVILLE, MI 49250 E-MAIL: baileyhodshire@sbcglobal.net INDEPENDENT

More information

SOUTH CAROLINA RETIREE HEALTH INSURANCE TRUST FUND AUDITED FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 2014 WITH INDEPENDENT AUDITORS REPORT

SOUTH CAROLINA RETIREE HEALTH INSURANCE TRUST FUND AUDITED FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 2014 WITH INDEPENDENT AUDITORS REPORT SOUTH CAROLINA RETIREE HEALTH INSURANCE TRUST FUND AUDITED FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 2014 WITH INDEPENDENT AUDITORS REPORT State of South Carolina RICHARD H. GILBERT, JR., CPA DEPUTY STATE

More information

Fairfax County, Virginia: Ten Principles of Sound Financial Management (Revised as of April 21, 2015) Ten Principles of Sound Financial Management

Fairfax County, Virginia: Ten Principles of Sound Financial Management (Revised as of April 21, 2015) Ten Principles of Sound Financial Management Background Ten Principles of Sound Financial Management The Ten Principles, adopted by the Board of Supervisors on October 22, 1975, endorsed a set of policies designed to contribute to the County s fiscal

More information

CITY OF BEATRICE, NEBRASKA ECONOMIC DEVELOPMENT PROGRAM (LB840)

CITY OF BEATRICE, NEBRASKA ECONOMIC DEVELOPMENT PROGRAM (LB840) CITY OF BEATRICE, NEBRASKA ECONOMIC DEVELOPMENT PROGRAM (LB840) Effective April 1, 2013 March 31, 2023 TABLE OF CONTENTS NEED AND PURPOSE 1 SECTION I. GENERAL COMMUNITY AND ECONOMIC DEVELOPMENT STRATEGY

More information

CHAPTER 2014-254. Committee Substitute for Committee Substitute for House Bill No. 1445

CHAPTER 2014-254. Committee Substitute for Committee Substitute for House Bill No. 1445 CHAPTER 2014-254 Committee Substitute for Committee Substitute for House Bill No. 1445 An act relating to the Citrus County Hospital Board, Citrus County; amending chapter 2011-256, Laws of Florida; authorizing

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

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

2015 Comprehensive Annual Financial Report

2015 Comprehensive Annual Financial Report 2015 Comprehensive Annual Financial Report For the Fiscal Year Ended September 30, 2015 COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2015 Prepared by: Department of Finance

More information

*HB0380S03* H.B. 380 3rd Sub. (Cherry) LEGISLATIVE GENERAL COUNSEL Approved for Filing: C.J. Dupont 03-09-16 7:25 PM

*HB0380S03* H.B. 380 3rd Sub. (Cherry) LEGISLATIVE GENERAL COUNSEL Approved for Filing: C.J. Dupont 03-09-16 7:25 PM LEGISLATIVE GENERAL COUNSEL Approved for Filing: C.J. Dupont 03-09-16 7:25 PM H.B. 380 3rd Sub. (Cherry) Senator Kevin T. Van Tassell proposes the following substitute bill: 1 UTAH COMMUNICATIONS AUTHORITY

More information

AUDIT REPORT OF THE NEBRASKA COMMISSION ON MEXICAN-AMERICANS JULY 1, 1999 THROUGH JUNE 30, 2000

AUDIT REPORT OF THE NEBRASKA COMMISSION ON MEXICAN-AMERICANS JULY 1, 1999 THROUGH JUNE 30, 2000 AUDIT REPORT OF THE NEBRASKA COMMISSION ON MEXICAN-AMERICANS JULY 1, 1999 THROUGH JUNE 30, 2000 TABLE OF CONTENTS Page Background Information Section Background 1 Mission Statement 1 Organizational Chart

More information

Table of Contents 2016-17 Biennial Budget Revenue, Department of

Table of Contents 2016-17 Biennial Budget Revenue, Department of Table of Contents 2016-17 Biennial Budget Revenue, Department of Agency Profile Revenue, Department of... 1 Tax System Management... 3 Debt Collection... 6 Minnesota Department of Revenue www.revenue.state.mn.us

More information

Be it enacted by the General Assembly of the State of Colorado:

Be it enacted by the General Assembly of the State of Colorado: NOTE: This bill has been prepared for the signature of the appropriate legislative officers and the Governor. To determine whether the Governor has signed the bill or taken other action on it, please consult

More information

Your Montgomery Taxes

Your Montgomery Taxes Your Montgomery Taxes Plain talk about why, how and where your money goes AND how the City s portion is spent! City of Montgomery 10101 Montgomery Road Montgomery, OH 45242 513-891-2424 www.montgomeryohio.org

More information

BUSINESS ENTITIES AND ECONOMIC DEVELOPMENT

BUSINESS ENTITIES AND ECONOMIC DEVELOPMENT BUSINESS ENTITIES AND ECONOMIC DEVELOPMENT In support of business and economic development, the State of Nevada and its units of local government endeavor to maintain fair competition, promote growth,

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

Orange County Industrial Development Authority (a component unit of Orange County, Florida)

Orange County Industrial Development Authority (a component unit of Orange County, Florida) Orange County Industrial Development Authority Financial Statements Years Ended September 30, 2014 and 2013 Orange County Industrial Development Authority Contents Management s Discussion and Analysis

More information

Arkansas Development Finance Authority, a Component Unit of the State of Arkansas

Arkansas Development Finance Authority, a Component Unit of the State of Arkansas Arkansas Development Finance Authority, a Component Unit of the State of Arkansas Combined Financial Statements and Additional Information for the Year Ended June 30, 2000, and Independent Auditors Report

More information

NEVADA PUBLIC SCHOOL SYSTEMS (17) Nevada ranks 47th among the states in number of local governments, with 198 as of October 2007.

NEVADA PUBLIC SCHOOL SYSTEMS (17) Nevada ranks 47th among the states in number of local governments, with 198 as of October 2007. NEVADA Nevada ranks 47th among the states in number of local governments, with 198 as of October 2007. COUNTY GOVERNMENTS (16) The entire area of the state, except Carson City, is encompassed by county

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

Chapter 32 Utah Interlocal Financing Authority Act

Chapter 32 Utah Interlocal Financing Authority Act Chapter 32 Utah Interlocal Financing Authority Act 11-32-1 Short title. (1) This chapter shall be known as the "Utah Interlocal Financing Authority Act." (2) All bonds issued pursuant to authority of this

More information

administrative subdivisions of the counties and are not counted as separate governments in census statistics on governments. IOWA

administrative subdivisions of the counties and are not counted as separate governments in census statistics on governments. IOWA IOWA Iowa ranks 17th among the states in number of local governments with 1,954 as of October 2007. COUNTY GOVERNMENTS (99) There are no areas in Iowa lacking county government. The county governing body

More information

Department of Management and Budget

Department of Management and Budget Director Debt Deputy Director and Budget FOCUS Business Support Group Budget Development & Production Revenue & Tax Analysis Customer & Information Technology Core Financial Processing Capital Projects/CIP

More information

THE BOARD OF VISITORS OF VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY POLICY GOVERNING FINANCIAL OPERATIONS AND MANAGEMENT

THE BOARD OF VISITORS OF VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY POLICY GOVERNING FINANCIAL OPERATIONS AND MANAGEMENT MANAGEMENT AGREEMENT BETWEEN THE COMMONWEALTH OF VIRGINIA AND VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY PURSUANT TO THE RESTRUCTURED HIGHER EDUCATION FINANCIAL AND ADMINISTRATIVE OPERATIONS ACT

More information

IMPLEMENTING GASB STATEMENT NO. 68 ACCOUNTING AND FINANCIAL REPORTING FOR PENSIONS A CCMA WHITE PAPER FOR CALIFORNIA LOCAL GOVERNMENTS

IMPLEMENTING GASB STATEMENT NO. 68 ACCOUNTING AND FINANCIAL REPORTING FOR PENSIONS A CCMA WHITE PAPER FOR CALIFORNIA LOCAL GOVERNMENTS IMPLEMENTING GASB STATEMENT NO. 68 ACCOUNTING AND FINANCIAL REPORTING FOR PENSIONS A CCMA WHITE PAPER FOR CALIFORNIA LOCAL GOVERNMENTS Issued April 2015 PUBLISHED BY THE CALIFORNIA COMMITTEE ON MUNICIPAL

More information

Miami County, Ohio FIVE-YEAR FINANCIAL FORECAST NOTES AND ASSUMPTIONS. For the Fiscal Years Ending June 30, 2015 through 2019

Miami County, Ohio FIVE-YEAR FINANCIAL FORECAST NOTES AND ASSUMPTIONS. For the Fiscal Years Ending June 30, 2015 through 2019 Miami County, Ohio FIVE-YEAR FINANCIAL FORECAST NOTES AND ASSUMPTIONS For the Fiscal Years Ending June 30, 2015 through 2019 May 11, 2015 The mission of the Troy City Schools, in partnership with our community,

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

FLORIDA STATE COLLEGE AT JACKSONVILLE PATHWAYS ACADEMY. A Charter School and Restricted Fund of Florida State College at Jacksonville

FLORIDA STATE COLLEGE AT JACKSONVILLE PATHWAYS ACADEMY. A Charter School and Restricted Fund of Florida State College at Jacksonville FLORIDA STATE COLLEGE AT JACKSONVILLE PATHWAYS ACADEMY A Charter School and Restricted Fund of Florida State College at Jacksonville FINANCIAL STATEMENTS AND OTHER REPORTS JUNE 30, 2013 FLORIDA STATE COLLEGE

More information

CITY OF AURORA, ILLINOIS POLICE PENSION FUND ANNUAL FINANCIAL REPORT. For the Year Ended December 31, 2014

CITY OF AURORA, ILLINOIS POLICE PENSION FUND ANNUAL FINANCIAL REPORT. For the Year Ended December 31, 2014 ANNUAL FINANCIAL REPORT For the Year Ended December 31, 2014 TABLE OF CONTENTS Page(s) INDEPENDENT AUDITOR S REPORT... 3-4 MANAGEMENT S DISCUSSION AND ANALYSIS... MD&A 1-5 BASIC FINANCIAL STATEMENTS Statement

More information

KDAQ-FM, KLSA-FM, KBSA-FM, AND LOUISIANA STATE UNIVERSITY IN SHREVEPORT

KDAQ-FM, KLSA-FM, KBSA-FM, AND LOUISIANA STATE UNIVERSITY IN SHREVEPORT KDAQ-FM, KLSA-FM, KBSA-FM, AND KLDN-FM RADIO STATIONS LOUISIANA STATE UNIVERSITY IN SHREVEPORT STATE OF LOUISIANA JUNE 30, 2014 KDAQ-FM, KLSA-FM, KBSA-FM, AND KLDN-FM RADIO STATIONS LOUISIANA STATE UNIVERSITY

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

LONG-TERM DEBT MANAGEMENT

LONG-TERM DEBT MANAGEMENT LONG-TERM DEBT MANAGEMENT City of Tulsa Internal Auditing October 2013 LONG G-TERM DEBT MANAGEMENT City of Tulsa Internal Auditing Ron Maxwell, CIA, CFE Chief Internal Auditor Clift Richards, CPA City

More information

EXECUTIVE SUMMARY. ACTION REQUIRED Corporate Administration, Finance and Enterprise Committee to receive for information.

EXECUTIVE SUMMARY. ACTION REQUIRED Corporate Administration, Finance and Enterprise Committee to receive for information. STAFF REPORT TO Corporate Administration, Finance and Enterprise SERVICE AREA Finance and Enterprise DATE June 10, 2013 SUBJECT REPORT NUMBER Finance Department 2012 Report FIN-13-13 EXECUTIVE SUMMARY

More information

$75,860,000* $32,515,000* (Additionally Secured by Pledged Revenues) (Additionally Secured by Pledged Revenues)

$75,860,000* $32,515,000* (Additionally Secured by Pledged Revenues) (Additionally Secured by Pledged Revenues) This Preliminary Official Statement and the information contained herein are subject to completion or amendment. These securities may not be sold nor may offers to buy be accepted prior to the time the

More information

MUSEUM ASSOCIATES AND THE DEPARTMENT OF MUSEUM OF ART, COUNTY OF LOS ANGELES

MUSEUM ASSOCIATES AND THE DEPARTMENT OF MUSEUM OF ART, COUNTY OF LOS ANGELES MUSEUM ASSOCIATES AND THE DEPARTMENT OF MUSEUM OF ART, COUNTY OF LOS ANGELES COMBINING FINANCIAL STATEMENT YEAR ENDED JUNE 30, 2014 COMBINING FINANCIAL STATEMENT YEAR ENDED JUNE 30, 2014 CONTENTS Independent

More information

Bridges of America - The Turning Point Bridge, Inc. Orlando, Florida

Bridges of America - The Turning Point Bridge, Inc. Orlando, Florida Bridges of America - The Turning Point Bridge, Inc. Orlando, Florida Financial Statements and Supplementary Information Year Ended June 30, 2014 Table of Contents Page Independent Auditor s Report 1 Financial

More information

STATE OF WEST VIRGINIA HIGHER EDUCATION POLICY COMMISSION

STATE OF WEST VIRGINIA HIGHER EDUCATION POLICY COMMISSION STATE OF WEST VIRGINIA HIGHER EDUCATION POLICY COMMISSION REVENUE REFUNDING BONDS (HIGHER EDUCATION FACILITIES), COMBINED SPECIAL-PURPOSE FINANCIAL STATEMENTS - MODIFIED CASH Years Ended CliftonLarsonAllen

More information

Budget Introduction Proposed Budget

Budget Introduction Proposed Budget Budget Introduction Proposed Budget INTRO - 1 INTRO - 2 Summary of the Budget and Accounting Structure The City of Beverly Hills uses the same basis for budgeting as for accounting. Governmental fund financial

More information

Department of Finance. Strategic Plan 2011-2014. A vibrant and self-reliant economy and prosperous people.

Department of Finance. Strategic Plan 2011-2014. A vibrant and self-reliant economy and prosperous people. Department of Finance Strategic Plan 2011-2014 A vibrant and self-reliant economy and prosperous people. Department of Finance 2009-10 Annual Report 1 Department of Finance P.O. Box 8700, Confederation

More information

REDWOOD SOIL AND WATER CONSERVATION DISTRICT ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2009

REDWOOD SOIL AND WATER CONSERVATION DISTRICT ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2009 ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2009 ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2009 TABLE OF CONTENTS: 1-7 Financial Highlights; and Using This Annual Report 1 Statement

More information

FAU Finance Corporation (A component unit of Florida Atlantic University) Financial Report For the Year Ended June 30, 2014

FAU Finance Corporation (A component unit of Florida Atlantic University) Financial Report For the Year Ended June 30, 2014 (A component unit of Florida Atlantic University) Financial Report For the Year Ended Contents Independent Auditor s Report on the Financial Statements 1 2 Management s Discussion and Analysis (unaudited)

More information

How many members are there? As of June 30, 2010. Active Members: Vested: 66,078 Non-Vested: 28,332 Total Active Members: 94,410

How many members are there? As of June 30, 2010. Active Members: Vested: 66,078 Non-Vested: 28,332 Total Active Members: 94,410 For More information, contact: Chief Executive Office Office of Public Affairs (213) 974-1363 pio@ceo.lacounty.gov Los Angeles County is already a model example of pension reform Key points Pension reform

More information

Financial Audit Division Office of the Legislative Auditor State of Minnesota

Financial Audit Division Office of the Legislative Auditor State of Minnesota Public Employees Retirement Association Financial Audit For the Fiscal Year Ended June 30, 1998 January 1999 Financial Audit Division Office of the Legislative Auditor State of Minnesota 99-2 Centennial

More information