CITY OF CEDAR FALLS, IOWA
Comprehensive Annual
Financial Report
For the Fiscal Year Ended
June 30,20 13
Prepared by:
Finance/Public Records Division
of
Department of Administrative Services
Jennifer Rodenbeck, CPA, CPFO
Finance Manage/City Clerk
City of Cedar Falls, Iowa
Gomprehensive Annual Financial Report
For the Fiscal Year Ended June 30,2013
Table of Contents
INTRODUCTORY SECTION
Letter of Transmittal. .
GFOA Certificate of Achievement .
Organizational Charts . . . .
Principal Officials.
FINANCIAL SECTION
I ndependent Auditor's Report
Management's Discussion and Analysis
Basic Financial Statements:
Government-wide Financíal Statements:
Statement of Net Position
Statement of Activities. . . .
Fund Financial Statements:
Balance Sheet- Governmental Funds . . . .
Statement of Revenues, Expenditures, and Changes ín Fund
Balances - Governmental Funds. . . . . . .
Reconciliation of the Statement of Revenues, Expenditures,
and Changes in Fund Balances of Governmental Funds to
the Statement of Activities
Statement of Net Position - Proprietary Funds.
Statement of Revenues, Expenses, and Changes in Fund Net
Assets - Proprietary Funds.
Statement of Cash Flows - Proprietary Funds.
Notes to Financial Statements. . . .
Required Supplementary lnformation :
Budgetary Comparison Schedule - Function Budget
Notes to Required Supplementary lnformation
Schedule of Funding Progress
Other Supplem entary I nformation :
Combining Fund Statements and Schedules:
Combining Balance Sheet - Nonmajor Governmental Funds .
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances - Nonmajor Governmental
Funds
Paqe
1
11
12
14
15
18
31
33
81
83
86
35
37
39
40
42
44
46
87
91
Combining Statement of Net Position - lnternal Service Funds.
Combining Statement of Revenues, Expenses, and Changes
in Fund Net Position - lnternal Service Funds
Combining Statement of Cash Flows - lnternal Service Funds.
Capital Assets Used in the Operation of Governmental Funds:
Comparative Schedules by Source.
Schedule by Function and Activity
Schedule of Changes by Function and Activity.
STATISTICAL SECTION
Financial Trends:
Net Position by Component
Changes in Net Position.
Fund Balances, Governmental Funds
Changes in Fund Balances, Governmental Funds
Revenue Capacity:
Assessed and Taxable Value of Property. . . .
Property Tax Rates - Direct and Overlapping Governments. . .
Principal Property Taxpayers
Property Tax Levies and Collections.
Debt Capacity:
Ratios of Outstanding Debt by Type.
Ratios of General Bonded Debt Outstanding
Direct and Overlapping Debt.
Legal Debt Margin lnformation. . .
Revenue Bond Coverage - Sewer Authority.
Sales History and Total Sewer Charges.
Water Meters by Rate Class.
Largest Sewer Customers
Demographics on Economic lnformation:
Demographic and Economic Statistics
Principal Employers . . . .
Full-Time Equivalent City Government Employees by
Function/Department
Operating I nformation :
Operat.
The document provides an overview of the City of Fort Lauderdale's finances for fiscal year 2015:
- Revenues totaled $314 million, an increase of $24.7 million from 2014, mainly due to an appeal payment and increased property taxes. Expenditures totaled $256 million, an increase of $7.1 million.
- Net position was $811.7 million. Total debt decreased by $35.6 million to $766.8 million. Property tax revenues increased by $5.7 million due to higher property values.
- The general fund revenue sources included taxes, licenses/permits, charges for services and intergovernmental revenues. Expenditures were allocated to general government
The document provides an analysis of the fiscal health of the 75 most populous U.S. cities based on their fiscal year 2018 financial reports. It finds that 63 cities had more debt than money to pay all bills, with a total unfunded debt of $323.2 billion. Unfunded retirement benefits, including $176.2 billion in pension debt and $149.8 billion in other post-employment benefits, were major contributors to the debt. The report ranks the cities based on their "Taxpayer Burden" or "Taxpayer Surplus" and assigns grades based on their financial condition. No cities received an A, 12 received a B, 27 a C, 32 a D, and 4 an F.
The document is the City of Kelsey's Comprehensive Annual Financial Report for the fiscal year ending June 2005. It provides an overview of the city including its history, demographics, services provided, and financial information. The city experienced moderate population growth and a strong economic outlook. The report discusses the city's various funds including the general fund, transportation funds, debt service fund, and financial policies around budgeting, cash management, and independent audits. The independent auditor issued an unqualified opinion stating the financial statements fairly represented the city's financial position.
12Report on the Financial Performance City of Do.docxjesusamckone
1
2
Report on the Financial Performance City of Doral
Student Name
Masters of Accountancy,
ACG6505 Advance Governmental and Fund Accounting
Dr. Dahli Gray, CPA, CMA, CGMA, CFE
Date
Abstract
The report gives a brief history of City of Doral, how it incorporated and its current financial performance. The city makes its annual budgets by involving its resident who priorities which projects and programs should be funded based on the projected revenue. Based on the comprehensive financial reports, the corporation continues to register increase in assets; however, during the last two years, it registered a reduction in its liabilities. Such trend is beneficial for the financial stability of the corporation. The City of Doral is one of the city’s that is managed well thanks to its management format that includes manager, the council, and mayor. The city is managed as a corporation after incorporating in 2003. Due to the good management, the city attracted many investors and diversified the investments. The investment in capital assets coupled with good management led to increase in population, business opportunities and revenue. The more the business opportunities the more the city collected property taxes and served many people who paid for the services. The strategy increased its revenue base and increased its net worth. Whereas there are improvements, the analysis of the financial position shows that more controls on the liabilities are needed to reduce liabilities and increase revenue.
Keywords: net worth, assets, liabilities
Report on the Financial Performance City of Doral
Since the incorporation of City of Doral in 2003, population increased and more developments were carried out that led to increase in cash flow and revenue. More developments and investments led to increase in the city’s revenue collections. For example, in 2018 the city raised $ 12,081 billion from revenue and other charges. It is in cognizance of the city’s development and investment that the paper focuses on analyzing the trend of the value of assets, liabilities and the general net worth of the organization. Specifically, the analysis will be done by calculating relevant financial ratios appropriate in making informed judgment about the issues identified. Furthermore, the paper will document the analysis results in simple and clear terms understandable to external stakeholders of the corporation. Importantly, the report highlights the conclusions derived from the analysis and highlights appropriate recommendations based on the conclusions. The final part of the paper is the summary of the report.
History
The Founders
The City of Doral started as a real estate site after Doris and Alfred Kaskel bought land in the state of Florida in 1950s. The two were real estate developers who bought land for purposes of developing it, they bought 2400 acres of land. The land was swampy; it was located between NW 36 and 74 streets and from NW 79 to NW 117 avenues. They b.
12Report on the Financial Performance City of Do.docxaulasnilda
1
2
Report on the Financial Performance City of Doral
Student Name
Masters of Accountancy,
ACG6505 Advance Governmental and Fund Accounting
Dr. Dahli Gray, CPA, CMA, CGMA, CFE
Date
Abstract
The report gives a brief history of City of Doral, how it incorporated and its current financial performance. The city makes its annual budgets by involving its resident who priorities which projects and programs should be funded based on the projected revenue. Based on the comprehensive financial reports, the corporation continues to register increase in assets; however, during the last two years, it registered a reduction in its liabilities. Such trend is beneficial for the financial stability of the corporation. The City of Doral is one of the city’s that is managed well thanks to its management format that includes manager, the council, and mayor. The city is managed as a corporation after incorporating in 2003. Due to the good management, the city attracted many investors and diversified the investments. The investment in capital assets coupled with good management led to increase in population, business opportunities and revenue. The more the business opportunities the more the city collected property taxes and served many people who paid for the services. The strategy increased its revenue base and increased its net worth. Whereas there are improvements, the analysis of the financial position shows that more controls on the liabilities are needed to reduce liabilities and increase revenue.
Keywords: net worth, assets, liabilities
Report on the Financial Performance City of Doral
Since the incorporation of City of Doral in 2003, population increased and more developments were carried out that led to increase in cash flow and revenue. More developments and investments led to increase in the city’s revenue collections. For example, in 2018 the city raised $ 12,081 billion from revenue and other charges. It is in cognizance of the city’s development and investment that the paper focuses on analyzing the trend of the value of assets, liabilities and the general net worth of the organization. Specifically, the analysis will be done by calculating relevant financial ratios appropriate in making informed judgment about the issues identified. Furthermore, the paper will document the analysis results in simple and clear terms understandable to external stakeholders of the corporation. Importantly, the report highlights the conclusions derived from the analysis and highlights appropriate recommendations based on the conclusions. The final part of the paper is the summary of the report.
History
The Founders
The City of Doral started as a real estate site after Doris and Alfred Kaskel bought land in the state of Florida in 1950s. The two were real estate developers who bought land for purposes of developing it, they bought 2400 acres of land. The land was swampy; it was located between NW 36 and 74 streets and from NW 79 to NW 117 avenues. They b ...
The document summarizes key financial information for the City of Rock Hill for fiscal year 2015. It provides highlights of revenues, expenses, economic trends, and performance metrics for the city. It also discusses the city's commitment to transparency, accountability, and long-term financial planning. The city uses various reports and financial documents to keep the public informed about its plans, goals, and finances.
COMPREHENSIVEANNUAL FINANCIALREPORTfor the year ended .docxmaxinesmith73660
COMPREHENSIVE
ANNUAL FINANCIAL
REPORT
for the year ended December 31, 2014
ULHHU
Michael E. Lamb, City Controller
CITY OF PITTSBURGH PENNSYLVANIA
i
Front and back cover photos credits are from Thinkstock.com by Getty Images.
CITY OF PITTSBURGH, PENNSYLVANIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31,2014
TART.F. OF CONTENTS
INTRODUCTORY SECTION
Letter of Transmittal
GFOA Certificate of Achievement
Organizational Chart
Elected City Officials
FINANCIAL SECTION
Independent Auditor's Report
Management's Discussion and Analysis
Basic Financial Statements:
Government-wide Financial Statements:
Statement of Net Position
Statement of Activities
Fund Financial Statements:
Balance Sheet - Governmental Funds
Reconciliation of the Balance Sheet of Governmental Funds to the
Statement of Net Position
Statement of Revenues, Expenditures, and Changes in Fund Balance -
Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures, and
Changes in Fund Balance of Governmental Funds to the Statement of
Activities
Statement of Revenues, Expenditures, and Changes in Fund Balance -
Budget and Actual (Non-GAAP Budgetary Basis) - General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance -
Budget and Actual (Non-GAAP Budgetary Basis) - Community
Development Fund
Page No.
I-l
1-8
1-9
I-IO
14
CITY OF PITTSBURGH, PENNSYLVANIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31,2014
TABLE OF CONTENTS fContinuedl
Fiduciary Fund Statements:
Statement of Net Position - Fiduciary Funds
Statement of Ciianges in Net Position - Fiduciary Funds
Combining Statements of Discrete Component Units:
Combining Statement of Net Position - Component Units
Statement of Activities - Component Units
Notes to Financial Statements
Page No.
Required Supplementary Information:
Pension Trust Fund Disclosures - GASB Statement No. 67:
Schedule of Changes in the City's Net Pension Liability and Related Ratios -
Pension Plan
Schedule of the City's Contributions and Investment Returns
Notes to Required Supplementary Information - Pension Plan
Employer Pension Plans and OPEB Disclosures:
Schedules of Funding Progress - Pensions
Schedules of Contributions from Employers and Other Contributing
Entities
Note to Required Supplementary Pension Schedules
Schedule of Funding Progress - Other Postemployment Benefit Plans
Supplementary Information:
Combining and Individual Other Fund Statements and
Schedules:
Combining Balance Sheet - Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund
Balance - Nonmajor Governmental Funds
Combining Statement of Net Position - Pension Trust Funds
16
17
18
20
21
95
96
97
98
99
100
101
102
103
104
CITY OF PITTSBURGH, PENNSYLVANIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 2014
TABLE OF CONTENTS rContinucd)
Combining Statement of Changes inNet Position - Pension Trust Fun.
www.charlottesville.orgCity of Charlottesville, Virginia.docxericbrooks84875
www.charlottesville.org
City of Charlottesville, Virginia
Comprehensive Annual Financial Report
Fiscal Year Ended June 30, 2010
CITY OF CHARLOTTESVILLE, VIRGINIA
Comprehensive Annual Financial Report
Fiscal Year Ended June 30, 2010
Prepared by
Department of Finance
DEPARTMENT OF FINANCE
Monica L. Brumfield
John A. Chisholm
Barbara Eyrse
Elnora L. Grooms
Kathy W. Hall
Khristina S. Hammill
Linda D. Harding
Gail E. Hassmer
Michael Heny
Teresa A. Kirkdoffer
Sharon O’Hare
Michaela Roberts
Beatrice M. Segal
Peggy J. Sprouse
Bernard Wray
CITY OF CHARLOTTESVILLE, VIRGINIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2010
TABLE OF CONTENTS
Exhibit or
Schedule Page
INTRODUCTORY SECTION
Letter of Transmittal 1
GFOA Certificate of Achievement for Excellence in Financial Reporting 10
City Organizational Chart 11
List of Elected and Appointed Officials 12
FINANCIAL SECTION
Independent Auditors' Report 13
Management's Discussion and Analysis 15
Basic Financial Statements:
Government-wide Financial Statements:
Statement of Net Assets A 30
Statement of Activities B 31
Fund Financial Statements:
Balance Sheet - Governmental Funds C 32
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds D 34
Statement of Net Assets - Proprietary Funds E-1 36
Reconciliation of the Proprietary Funds Statement of Net Assets to the Statement
of Net Assets for Business-Type Activities E-2 37
Statement of Revenues, Expenses and Changes in Fund Net Assets - Proprietary
Funds E-3 38
Reconciliation of the Proprietary Funds Statement of Revenues, Expenses and
Changes in Fund Net Assets to the Statement of Activities E-4 39
Statement of Cash Flows - Proprietary Funds E-5 40
Statement of Fiduciary Net Assets - Fiduciary Funds F-1 41
Statement of Changes in Fiduciary Net Assets - Fiduciary Funds F-2 42
Notes to the Financial Statements 43
Required Supplementary Information:
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual -
Budget Basis - General Fund G 76
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual -
Budget Basis - Social Services Fund H 81
Schedule of Funding Progress and Employer Retirement
Contributions - Employee Retirement and Post-Employment Benefit Plans I 82
Note to Required Supplementary Information .
The document provides an overview of the City of Fort Lauderdale's finances for fiscal year 2015:
- Revenues totaled $314 million, an increase of $24.7 million from 2014, mainly due to an appeal payment and increased property taxes. Expenditures totaled $256 million, an increase of $7.1 million.
- Net position was $811.7 million. Total debt decreased by $35.6 million to $766.8 million. Property tax revenues increased by $5.7 million due to higher property values.
- The general fund revenue sources included taxes, licenses/permits, charges for services and intergovernmental revenues. Expenditures were allocated to general government
The document provides an analysis of the fiscal health of the 75 most populous U.S. cities based on their fiscal year 2018 financial reports. It finds that 63 cities had more debt than money to pay all bills, with a total unfunded debt of $323.2 billion. Unfunded retirement benefits, including $176.2 billion in pension debt and $149.8 billion in other post-employment benefits, were major contributors to the debt. The report ranks the cities based on their "Taxpayer Burden" or "Taxpayer Surplus" and assigns grades based on their financial condition. No cities received an A, 12 received a B, 27 a C, 32 a D, and 4 an F.
The document is the City of Kelsey's Comprehensive Annual Financial Report for the fiscal year ending June 2005. It provides an overview of the city including its history, demographics, services provided, and financial information. The city experienced moderate population growth and a strong economic outlook. The report discusses the city's various funds including the general fund, transportation funds, debt service fund, and financial policies around budgeting, cash management, and independent audits. The independent auditor issued an unqualified opinion stating the financial statements fairly represented the city's financial position.
12Report on the Financial Performance City of Do.docxjesusamckone
1
2
Report on the Financial Performance City of Doral
Student Name
Masters of Accountancy,
ACG6505 Advance Governmental and Fund Accounting
Dr. Dahli Gray, CPA, CMA, CGMA, CFE
Date
Abstract
The report gives a brief history of City of Doral, how it incorporated and its current financial performance. The city makes its annual budgets by involving its resident who priorities which projects and programs should be funded based on the projected revenue. Based on the comprehensive financial reports, the corporation continues to register increase in assets; however, during the last two years, it registered a reduction in its liabilities. Such trend is beneficial for the financial stability of the corporation. The City of Doral is one of the city’s that is managed well thanks to its management format that includes manager, the council, and mayor. The city is managed as a corporation after incorporating in 2003. Due to the good management, the city attracted many investors and diversified the investments. The investment in capital assets coupled with good management led to increase in population, business opportunities and revenue. The more the business opportunities the more the city collected property taxes and served many people who paid for the services. The strategy increased its revenue base and increased its net worth. Whereas there are improvements, the analysis of the financial position shows that more controls on the liabilities are needed to reduce liabilities and increase revenue.
Keywords: net worth, assets, liabilities
Report on the Financial Performance City of Doral
Since the incorporation of City of Doral in 2003, population increased and more developments were carried out that led to increase in cash flow and revenue. More developments and investments led to increase in the city’s revenue collections. For example, in 2018 the city raised $ 12,081 billion from revenue and other charges. It is in cognizance of the city’s development and investment that the paper focuses on analyzing the trend of the value of assets, liabilities and the general net worth of the organization. Specifically, the analysis will be done by calculating relevant financial ratios appropriate in making informed judgment about the issues identified. Furthermore, the paper will document the analysis results in simple and clear terms understandable to external stakeholders of the corporation. Importantly, the report highlights the conclusions derived from the analysis and highlights appropriate recommendations based on the conclusions. The final part of the paper is the summary of the report.
History
The Founders
The City of Doral started as a real estate site after Doris and Alfred Kaskel bought land in the state of Florida in 1950s. The two were real estate developers who bought land for purposes of developing it, they bought 2400 acres of land. The land was swampy; it was located between NW 36 and 74 streets and from NW 79 to NW 117 avenues. They b.
12Report on the Financial Performance City of Do.docxaulasnilda
1
2
Report on the Financial Performance City of Doral
Student Name
Masters of Accountancy,
ACG6505 Advance Governmental and Fund Accounting
Dr. Dahli Gray, CPA, CMA, CGMA, CFE
Date
Abstract
The report gives a brief history of City of Doral, how it incorporated and its current financial performance. The city makes its annual budgets by involving its resident who priorities which projects and programs should be funded based on the projected revenue. Based on the comprehensive financial reports, the corporation continues to register increase in assets; however, during the last two years, it registered a reduction in its liabilities. Such trend is beneficial for the financial stability of the corporation. The City of Doral is one of the city’s that is managed well thanks to its management format that includes manager, the council, and mayor. The city is managed as a corporation after incorporating in 2003. Due to the good management, the city attracted many investors and diversified the investments. The investment in capital assets coupled with good management led to increase in population, business opportunities and revenue. The more the business opportunities the more the city collected property taxes and served many people who paid for the services. The strategy increased its revenue base and increased its net worth. Whereas there are improvements, the analysis of the financial position shows that more controls on the liabilities are needed to reduce liabilities and increase revenue.
Keywords: net worth, assets, liabilities
Report on the Financial Performance City of Doral
Since the incorporation of City of Doral in 2003, population increased and more developments were carried out that led to increase in cash flow and revenue. More developments and investments led to increase in the city’s revenue collections. For example, in 2018 the city raised $ 12,081 billion from revenue and other charges. It is in cognizance of the city’s development and investment that the paper focuses on analyzing the trend of the value of assets, liabilities and the general net worth of the organization. Specifically, the analysis will be done by calculating relevant financial ratios appropriate in making informed judgment about the issues identified. Furthermore, the paper will document the analysis results in simple and clear terms understandable to external stakeholders of the corporation. Importantly, the report highlights the conclusions derived from the analysis and highlights appropriate recommendations based on the conclusions. The final part of the paper is the summary of the report.
History
The Founders
The City of Doral started as a real estate site after Doris and Alfred Kaskel bought land in the state of Florida in 1950s. The two were real estate developers who bought land for purposes of developing it, they bought 2400 acres of land. The land was swampy; it was located between NW 36 and 74 streets and from NW 79 to NW 117 avenues. They b ...
The document summarizes key financial information for the City of Rock Hill for fiscal year 2015. It provides highlights of revenues, expenses, economic trends, and performance metrics for the city. It also discusses the city's commitment to transparency, accountability, and long-term financial planning. The city uses various reports and financial documents to keep the public informed about its plans, goals, and finances.
COMPREHENSIVEANNUAL FINANCIALREPORTfor the year ended .docxmaxinesmith73660
COMPREHENSIVE
ANNUAL FINANCIAL
REPORT
for the year ended December 31, 2014
ULHHU
Michael E. Lamb, City Controller
CITY OF PITTSBURGH PENNSYLVANIA
i
Front and back cover photos credits are from Thinkstock.com by Getty Images.
CITY OF PITTSBURGH, PENNSYLVANIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31,2014
TART.F. OF CONTENTS
INTRODUCTORY SECTION
Letter of Transmittal
GFOA Certificate of Achievement
Organizational Chart
Elected City Officials
FINANCIAL SECTION
Independent Auditor's Report
Management's Discussion and Analysis
Basic Financial Statements:
Government-wide Financial Statements:
Statement of Net Position
Statement of Activities
Fund Financial Statements:
Balance Sheet - Governmental Funds
Reconciliation of the Balance Sheet of Governmental Funds to the
Statement of Net Position
Statement of Revenues, Expenditures, and Changes in Fund Balance -
Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures, and
Changes in Fund Balance of Governmental Funds to the Statement of
Activities
Statement of Revenues, Expenditures, and Changes in Fund Balance -
Budget and Actual (Non-GAAP Budgetary Basis) - General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance -
Budget and Actual (Non-GAAP Budgetary Basis) - Community
Development Fund
Page No.
I-l
1-8
1-9
I-IO
14
CITY OF PITTSBURGH, PENNSYLVANIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31,2014
TABLE OF CONTENTS fContinuedl
Fiduciary Fund Statements:
Statement of Net Position - Fiduciary Funds
Statement of Ciianges in Net Position - Fiduciary Funds
Combining Statements of Discrete Component Units:
Combining Statement of Net Position - Component Units
Statement of Activities - Component Units
Notes to Financial Statements
Page No.
Required Supplementary Information:
Pension Trust Fund Disclosures - GASB Statement No. 67:
Schedule of Changes in the City's Net Pension Liability and Related Ratios -
Pension Plan
Schedule of the City's Contributions and Investment Returns
Notes to Required Supplementary Information - Pension Plan
Employer Pension Plans and OPEB Disclosures:
Schedules of Funding Progress - Pensions
Schedules of Contributions from Employers and Other Contributing
Entities
Note to Required Supplementary Pension Schedules
Schedule of Funding Progress - Other Postemployment Benefit Plans
Supplementary Information:
Combining and Individual Other Fund Statements and
Schedules:
Combining Balance Sheet - Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund
Balance - Nonmajor Governmental Funds
Combining Statement of Net Position - Pension Trust Funds
16
17
18
20
21
95
96
97
98
99
100
101
102
103
104
CITY OF PITTSBURGH, PENNSYLVANIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 2014
TABLE OF CONTENTS rContinucd)
Combining Statement of Changes inNet Position - Pension Trust Fun.
www.charlottesville.orgCity of Charlottesville, Virginia.docxericbrooks84875
www.charlottesville.org
City of Charlottesville, Virginia
Comprehensive Annual Financial Report
Fiscal Year Ended June 30, 2010
CITY OF CHARLOTTESVILLE, VIRGINIA
Comprehensive Annual Financial Report
Fiscal Year Ended June 30, 2010
Prepared by
Department of Finance
DEPARTMENT OF FINANCE
Monica L. Brumfield
John A. Chisholm
Barbara Eyrse
Elnora L. Grooms
Kathy W. Hall
Khristina S. Hammill
Linda D. Harding
Gail E. Hassmer
Michael Heny
Teresa A. Kirkdoffer
Sharon O’Hare
Michaela Roberts
Beatrice M. Segal
Peggy J. Sprouse
Bernard Wray
CITY OF CHARLOTTESVILLE, VIRGINIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2010
TABLE OF CONTENTS
Exhibit or
Schedule Page
INTRODUCTORY SECTION
Letter of Transmittal 1
GFOA Certificate of Achievement for Excellence in Financial Reporting 10
City Organizational Chart 11
List of Elected and Appointed Officials 12
FINANCIAL SECTION
Independent Auditors' Report 13
Management's Discussion and Analysis 15
Basic Financial Statements:
Government-wide Financial Statements:
Statement of Net Assets A 30
Statement of Activities B 31
Fund Financial Statements:
Balance Sheet - Governmental Funds C 32
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds D 34
Statement of Net Assets - Proprietary Funds E-1 36
Reconciliation of the Proprietary Funds Statement of Net Assets to the Statement
of Net Assets for Business-Type Activities E-2 37
Statement of Revenues, Expenses and Changes in Fund Net Assets - Proprietary
Funds E-3 38
Reconciliation of the Proprietary Funds Statement of Revenues, Expenses and
Changes in Fund Net Assets to the Statement of Activities E-4 39
Statement of Cash Flows - Proprietary Funds E-5 40
Statement of Fiduciary Net Assets - Fiduciary Funds F-1 41
Statement of Changes in Fiduciary Net Assets - Fiduciary Funds F-2 42
Notes to the Financial Statements 43
Required Supplementary Information:
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual -
Budget Basis - General Fund G 76
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual -
Budget Basis - Social Services Fund H 81
Schedule of Funding Progress and Employer Retirement
Contributions - Employee Retirement and Post-Employment Benefit Plans I 82
Note to Required Supplementary Information .
SRF Entries & T-accounts DUE FROMreference Account Ti.docxwhitneyleman54422
SRF Entries & T-accounts DUE FROMreference Account TitlesDebitsCredits CASH INVESTMENTS STATE GOV'Tbb23,000bb59,000bb107,0003-Ctype debit accounts in this columntype credit accounts in this column-4-C23,00059,000107,000TOTAL FUND BALANCEACCOUNTS PAYABLE (beginning of year)9,000bb180,000bb9,000180,000 REVENUES REVENUESEXPENDITURES - STREETINTERGOVERNMENTALINVESTMENT INTEREST& HIGHWAY MAINTENANCE---BUDGETARY ACCOUNTS BUDGETARYESTIMATED REVENUESAPPROPRIATIONSFUND BALANCE---BUDGETARY FUND BALANCE RESERVE FOR ENCUMBRANCESRESERVE FOR ENCUMBRANCESENCUMBRANCES-bb--Total Debits 189,000Total Credits189,000
&16City of Monroe &16
Street and Highway Fund - General Ledger
Closing Entries BUDGETARYAccount TitleDebitsCreditsFUND BALANCE-Preclosingclosing entry-FUND BALANCE180,000Preclosingclosing entry180,000ending balanceComplete the following tableNon-spendableRestrictedCommittedAssignedUnassignedTotalFund Balance-
&14City of Monroe &14
STREET & HIGHWAY MAINTENANCE FUND - Closing Entries
Stmt of revenues & expendituresRevenuesIntergovernmental RevenuesInterest on Investments Total Revenues$ -ExpendituresCurrent: Street & Highway Maintenance Total Expenditures-Excess (Deficiency) of Revenues Over Expenditures-Fund Balance, January 1Fund Balance, December 31$ -
&"Times New Roman,Regular"&14City of Monroe
Statement of Revenues, Expenditures and Changes in Fund Balance
Street and Highway Maintenance Fund
For the year ended December 31, 2017
Balance SheetAssetsCashInvestmentsDue from State Government Total Assets$ -Liabilities and Fund EquityLiabilitiesAccounts PayableFund EquityFund Balance - Restricted for Street and Highway Maintenance Total Liabilities and Fund Equity$ -
&"Times New Roman,Regular"&14City of Monroe
Street & Highway Maintenance Fund
Balance Sheet
As of December 31, 2017
General Fund Journal Entriesreference Account TitlesDebitsCredits3-Ctype debit accounts in this columntype credit accounts in this column4-C
&"Arial,Bold"&14City of Monroe - General Fund Journal Entries
General Fund T-accounts CASH ESTIMATED INTEREST & PENALTIESESTM' UNCOLLECTIBLE DUE FROMbb497,000TAXES RECEIVABLEUNCOLLECTIBLE TAXES RECEIVABLEINTEREST & PENALTIES STATE GOV'Tbb210,00037,000bbbb5,200950bbbb210,000210,00037,0005,200950210,000497,000 TAX ANTICIPATION DUE TO DUE TO DUE TO DEFERRED INFLOWSACCOUNTS PAYABLE NOTE PAYABLEOTHER FUNDSFEDERAL GOV'T STATE GOV'T - PROPERTY TAXES99,000bb-bb27,000bb-bbbb21,000bb99,000-27,000--21,000 TOTAL FUND BALANCE EXPENDITURESOTHER FINANCING (beginning of year)REVENUES CONTROL CONTROL USES CONTROL737,250bb-25-737,250---BUDGETARY ACCOUNTSESTIMATED OTHER BUDGETARYBUDGETARY FUND BALANCE ENCUMBRANCESESTIMATED REVENUESAPPROPRIATIONSFINANCING USESFUND BALANCE RESERVE FOR ENCUMBRANCESRESERVE FOR ENCUMBRANC.
The document is the City of Alamo Heights' Annual Comprehensive Financial Report for the fiscal year ended September 30, 2021. It includes an independent auditor's unmodified opinion stating that the city's financial statements were fairly presented. It also discusses that the city met the requirements to receive the GFOA's Certificate of Achievement for Excellence in Financial Reporting for the 24th consecutive year. Finally, it provides an overview of the city's financial position, including that net assets exceeded liabilities by $22.9 million, with $7.4 million available for city operations.
The City of Alamo Heights presents its Comprehensive Annual Financial Report for fiscal year 2019, which received an unmodified audit opinion. The report shows that the City's net position increased by $1.2 million over the previous year to $18.5 million total. An independent auditor found that the City's financial statements were prepared in accordance with accounting standards.
MICHIGAN We hope for It shall rise again bette.docxARIV4
MICHIGAN
"We hope for "It shall rise again
better things." from the ashes.'"'
FOUNDED 1701
INCORPORATED 1806
AREA (Square Miles) 137 .9
POPULATION 713,777
City of Detroit
Comprehensive Annual Financial Report
for the Fiscal Year Ended June 30, 2014
Michael E. Duggan, Mayor
i
TABLE OF CONTENTS
Page
I. INTRODUCTORY SECTION
LETTER OF TRANSMITTAL I-1
AUDITOR GENERAL’S LETTER I-9
LIST OF CITY OF DETROIT PRINCIPAL OFFICIALS I-10
CITY OF DETROIT ORGANIZATION CHART I-13
II. FINANCIAL SECTION
INDEPENDENT AUDITORS’ REPORT 1
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) (UNAUDITED) 7
BASIC FINANCIAL STATEMENTS:
A. GOVERNMENT-WIDE FINANCIAL STATEMENTS:
Statement of Net Position 39
Statement of Activities 40
B. FUND FINANCIAL STATEMENTS:
Governmental Funds Financial Statements:
Balance Sheet 42
Reconciliation of the Balance Sheet of Governmental Funds
to the Statement of Net Position 43
Statement of Revenues, Expenditures, and Changes in Fund Balances 44
Reconciliation of the Statement of Revenues, Expenditures, and
Changes in Fund Balances of Governmental Funds to the
Statement of Activities 45
Enterprise Funds Financial Statements:
Statement of Net Position 46
Statement of Revenues, Expenses, and Changes in Fund Net Position 50
Statement of Cash Flows 52
Fiduciary Funds Financial Statements:
Statement of Fiduciary Net Position 56
Statement of Changes in Fiduciary Net Position 57
Discretely Presented Component Units Financial Statements:
Combining Statement of Net Position 58
Combining Statement of Activities 60
C. NOTES TO BASIC FINANCIAL STATEMENTS 63
REQUIRED SUPPLEMENTARY INFORMATION:
A. BUDGET TO ACTUAL COMPARISON - GENERAL FUND:
Notes to Budget to Actual Comparison 161
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual -
General Fund 162
B. EMPLOYER CONTRIBUTIONS AND FUNDING PROGRESS:
Schedules of Funding Progress and Employer Contributions 166
ii
TABLE OF CONTENTS
Page
OTHER SUPPLEMENTARY INFORMATION SECTION:
A. COMBINING NON-MAJOR GOVERNMENTAL FUNDS FINANCIAL STATEMENTS:
Other Governmental Funds:
Combining Balance Sheet 173
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 174
Special Revenue Funds:
Combining Balance Sheet 176
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 178
Street Fund:
Combining Balance Sheet 180
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 181
Permanent Funds:
Combining Balance Sheet 182
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 183
B. OTHER GOVERNMENTAL FUNDS BUDGETARY COMPARISON SCHEDULES:
Special Revenue Funds 184
Debt Servic ...
This document provides contact information for various city services and departments in Cupertino, California. It also includes a brief summary of key facts about the city, such as its population, median age, and rankings. Additionally, it introduces the city's fiscal year 2014-2015 budget, including revenues, expenditures, staffing levels over time, and the breakdown of funds and departments.
Colton City of COMPREHENSIVE ANNUAL FINANCIAL REPORT .docxdrandy1
This document is the City of Colton's Comprehensive Annual Financial Report for the fiscal year ended June 30, 2019. It was prepared by the City's Finance Department and includes the independent auditor's report, management's discussion and analysis, basic financial statements, notes to the financial statements, required supplementary information, and supplementary information such as combining and individual fund financial statements. The financial report provides information on the City's financial position and activities for the fiscal year.
Colton City of COMPREHENSIVE ANNUAL FINANCIAL REPORT .docxcargillfilberto
Colton
City of
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
Fiscal Year Ended June 30, 2019
City of Colton, California
650 N. La Cadena Drive, Colton, California 92324
THIS PAGE INTENTIONALLY LEFT BLANK
CITY OF COLTON, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
WITH REPORT ON AUDIT
BY INDEPENDENT
CERTIFIED PUBLIC ACCOUNTANTS
FOR THE YEAR ENDED JUNE 30, 2019
Prepared By:
Finance Department
Finance Administration Division
THIS PAGE INTENTIONALLY LEFT BLANK
CITY OF COLTON, CALIFORNIA
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2019
Table of Contents
Page
Number
INTRODUCTORY SECTION:
Letter of Transmittal i
Municipal Officials v
Organization Chart vi
Government Finance Officers Association Certificate vii
FINANCIAL SECTION:
Independent Auditors’ Report 1
Managements’ Discussion and Analysis
(Required Supplementary Information) 5
Basic Financial Statements:
Government-Wide Financial Statements:
Statement of Net Position 17
Statement of Activities 18
Fund Financial Statements:
Governmental Funds:
Balance Sheet 20
Reconciliation of the Governmental Funds Balance Sheet
to the Statement of Net Position 21
Statement of Revenues, Expenditures and Changes in Fund Balances 22
Reconciliation of the Governmental Funds Statement of Revenues,
Expenditures and Changes in Fund Balances to the Statement of Activities 23
Budgetary Comparison Statement by Department - General Fund 25
Proprietary Funds:
Statement of Net Position 26
Statement of Revenues, Expenses and Changes in Net Position 30
Statement of Cash Flows 32
Fiduciary Funds:
Statement of Net Position 36
Statement of Changes in Net Position 37
Notes to Financial Statements 39
CITY OF COLTON, CALIFORNIA
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2019
Table of Contents
Page
Number
Required Supplementary Information: 87
CalPERS Pension Plans:
Safety Plans:
Schedule of Proportionate Share of the Net Pension Liability 88
Schedule of Contributions 89
Miscellaneous Plan:
Schedule of Changes in the Net Pension Liability and Related Ratios 90
Schedule of Contributions 91
Other Post-Employment Benefits Plan:
Schedule of Changes in the Total OPEB Liability and Related Ratios 92
Supplementary Information:
Combining and Individual Fund Statements and Schedules:
Other Governmental Funds: 93
Combining Balance Sheet 96
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances 102
Schedules of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual:
Gas Tax Special Revenue Fund 108
Community Child Care Special Revenue Fund 109
Library Grant Special Revenue Fund 110
Community Development Block Grant Special Revenue Fund 111
State Traffic Relief Special Revenue Fund 112
.
Colton City of COMPREHENSIVE ANNUAL FINANCIAL REPORT .docxpickersgillkayne
Colton
City of
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
Fiscal Year Ended June 30, 2019
City of Colton, California
650 N. La Cadena Drive, Colton, California 92324
THIS PAGE INTENTIONALLY LEFT BLANK
CITY OF COLTON, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
WITH REPORT ON AUDIT
BY INDEPENDENT
CERTIFIED PUBLIC ACCOUNTANTS
FOR THE YEAR ENDED JUNE 30, 2019
Prepared By:
Finance Department
Finance Administration Division
THIS PAGE INTENTIONALLY LEFT BLANK
CITY OF COLTON, CALIFORNIA
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2019
Table of Contents
Page
Number
INTRODUCTORY SECTION:
Letter of Transmittal i
Municipal Officials v
Organization Chart vi
Government Finance Officers Association Certificate vii
FINANCIAL SECTION:
Independent Auditors’ Report 1
Managements’ Discussion and Analysis
(Required Supplementary Information) 5
Basic Financial Statements:
Government-Wide Financial Statements:
Statement of Net Position 17
Statement of Activities 18
Fund Financial Statements:
Governmental Funds:
Balance Sheet 20
Reconciliation of the Governmental Funds Balance Sheet
to the Statement of Net Position 21
Statement of Revenues, Expenditures and Changes in Fund Balances 22
Reconciliation of the Governmental Funds Statement of Revenues,
Expenditures and Changes in Fund Balances to the Statement of Activities 23
Budgetary Comparison Statement by Department - General Fund 25
Proprietary Funds:
Statement of Net Position 26
Statement of Revenues, Expenses and Changes in Net Position 30
Statement of Cash Flows 32
Fiduciary Funds:
Statement of Net Position 36
Statement of Changes in Net Position 37
Notes to Financial Statements 39
CITY OF COLTON, CALIFORNIA
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2019
Table of Contents
Page
Number
Required Supplementary Information: 87
CalPERS Pension Plans:
Safety Plans:
Schedule of Proportionate Share of the Net Pension Liability 88
Schedule of Contributions 89
Miscellaneous Plan:
Schedule of Changes in the Net Pension Liability and Related Ratios 90
Schedule of Contributions 91
Other Post-Employment Benefits Plan:
Schedule of Changes in the Total OPEB Liability and Related Ratios 92
Supplementary Information:
Combining and Individual Fund Statements and Schedules:
Other Governmental Funds: 93
Combining Balance Sheet 96
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances 102
Schedules of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual:
Gas Tax Special Revenue Fund 108
Community Child Care Special Revenue Fund 109
Library Grant Special Revenue Fund 110
Community Development Block Grant Special Revenue Fund 111
State Traffic Relief Special Revenue Fund 112
.
- The report analyzes Multnomah County's financial condition over the past 10 years. It found that while operating revenues have increased modestly, they have not kept pace with population growth, resulting in declining per capita spending. Intergovernmental revenues from federal and state governments remain a major funding source for county programs and services. Spending on health and human services has increased due to additional intergovernmental funding, while most other program spending is down. The county has generally maintained strong financial reserves in line with best practices.
The document provides the State of the Village report from the Village President, Linda Jackson. It summarizes the accomplishments of 2014 and plans for 2015 across various departments. Key points include maintaining a balanced budget and high credit rating. The finance, community development, police, and public works departments all saw improvements and continued growth in 2014 such as new businesses, increased permits, and infrastructure upgrades. The report outlines the vision to ensure Glendale Heights remains a progressive community.
Comprehensive Annual Financial Report City of Middle.docxdonnajames55
This document is the Comprehensive Annual Financial Report (CAFR) of the City of Middletown, Connecticut for the fiscal year ending June 30, 2015. It includes introductory information about Middletown's government and officials, the independent auditor's report, financial statements, notes to the financial statements, required supplementary information, and supplementary financial schedules and statistics. The CAFR provides a comprehensive overview of the City of Middletown's financial position and activities for fiscal year 2015.
The City of Alamo Heights presented its Annual Comprehensive Financial Report for the fiscal year ended September 30, 2022. An independent audit was conducted and resulted in an unmodified opinion, stating that the financial statements were presented fairly. The report showed that the City's net position exceeded its liabilities by $26.2 million, with $7.48 million available for operations. The General Fund balance was $6.3 million, an increase over the previous year. The report was made accessible to the public to comply with the city charter.
2023 07 10 City Commission Budget Workshop Agenda PacketVictoriaColangelo
Dive into our detailed analysis of Winter Springs' FY 2024 budget. Understand the city's priorities, major revenue sources, expenditure allocations, and the roles of key departments. See how the city is investing in essential services and enhancing the quality of life for its residents.
The DC Development Report is a summary of the major development and construction projects in the District of Columbia. The Washington, DC Economic Partnership (WDCEP) began tracking development activity in 2001 with the hope of creating a comprehensive database that would answer a number of questions in regards to the construction activity in the city. The Report summarizes our entire database of projects, highlights major projects and what lies ahead for development in the District of Columbia.
This update of the DC Development Report is an overview of development activity and of the expansion occurring in DC. As a resource book, it is a compilation of nearly 14 years of data collection and research that provides an overview of an ever-changing development and construction cycle.
The WDCEP performs an annual “development census” in the month of September and receives contributions from more than 100 developers, architects, contractors and economic development organizations. This outreach results in updates to more than 350 projects. While our database of projects is constantly being updated, for the purposes of this publication all data reflects project status, design and information as of September 2014.
In 2014 the WDCEP partnered with CBRE to provide an economic overview of DC and in-depth analysis of the office, retail and residential markets. Although every attempt was made to ensure the quality of the information contained in this document, the WDCEP and CBRE makes no warranty or guarantee as to its accuracy, completeness or usefulness for any given purpose.
Evaluation and Analysis of the City of Weslaco's Municipal Budget, 2014-2015
Graduate Research for Public Budgeting and Finance: Master of Public Affairs-Administration, The University of Texas Rio Grande Valley (UTRGV)
Rev. 1.0
The annual report summarizes the City of Fort Lauderdale's fiscal year from October 1, 2014 to September 30, 2015. It discusses the city's elected officials, administration, general government operations, and required bond disclosures. The bulk of the report provides updates on the city's various outstanding debt obligations, including general obligation bonds, taxable special obligation bonds, water and sewer revenue bonds, bank loans, capital leases, and other financing. It also notes a subsequent bond refunding that occurred in April 2016.
DUE SUNDAY 830pmAnswer the following post Discussion Week Five.docxhasselldelisa
DUE SUNDAY 8:30pm
Answer the following post Discussion Week Five:; government Wide Statements.
1. Emily:
The government-wide statements provide a broad scope of the financial position of Calvert County government's finances, which is similar to how private-sector business present their financial data. The statement of net position and the statement of activities breaks out functions of Calvert County's government that are generally supported by tax and intergovernmental revenues. The governmental functions include general government, public safety, public works, health and hospitals, social services, education, recreation and culture, conservation or natural resources, urban development and housing, economic development, and debt service. The business-type activities for Calvert County include water and sewer, solid waste and recycling. One thing that is included in these statements is "legally seperate component units", such as the Calvert County Board of Education and the Economic Development Authority.
The fund financial statements maintain control over the resources allocated to a specific activity or objective.
Source: http://www.co.cal.md.us/DocumentCenter/View/10611
2.
Melissa
G
overnment wide statements consist of statements of net positions such as assets (current and non-current). Liabilities (current and non-current), deferred outflows and deferred inflows. Government wide statements include the statement of activities as well, this consists of program revenues such as changes in net position and governmental activities such as public safety and education.
Government wide statements differ from the financial fund statements in how the financial fund focuses on the operations of the town from salaries and operating expenses, cash flows and reconciliation of operating income.
By looking at the status of the government wide statements I can see where the funding equity is spent and what we have left at the end of the year. I can tell if we overspent or if certain governmental regulated activities were complete. The governmental fund gives for of an outlook of where every dollar of bonds went in order for the town to function properly.
Reference
Town of Lynnfield
. (2015, 06 30). Retrieved from Financial statements: http://town.lynnfield.ma.us/Pages/LynnfieldMA_Accounting/FY%202015%20Financial%20Statements
.
1. Discuss Blockchains potential application in compensation system.docxmonicafrancis71118
1. Discuss Blockchain's potential application in compensation systems (base wages, incentives, rewards).
2. How can a token economy affect employee compensation?
3. Based on your readings, do worldwide executives believe Blockchain has the potential to radical change the future of organizations?
.
1. Describe the characteristics of the aging process. Explain how so.docxmonicafrancis71118
1. Describe the characteristics of the aging process. Explain how some of the characteristics may lead to elder abuse (memory issues, vulnerability, etc.). Discuss the types of consideration a nurse must be mindful of while performing a health assessment on a geriatric patient as compared to a middle-aged adult.
2.
End-of-life care becomes an issue at some point for elderly clients. Even with the emergence of palliative care programs and hospice programs, most elderly people do not die in their own home as is their preference. What are the reasons for this trend? Discuss what you can do as a nurse to support your clients regarding end-of-life care in accordance with their wishes. Support your response with evidence-based literature.
.
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The document is the City of Alamo Heights' Annual Comprehensive Financial Report for the fiscal year ended September 30, 2021. It includes an independent auditor's unmodified opinion stating that the city's financial statements were fairly presented. It also discusses that the city met the requirements to receive the GFOA's Certificate of Achievement for Excellence in Financial Reporting for the 24th consecutive year. Finally, it provides an overview of the city's financial position, including that net assets exceeded liabilities by $22.9 million, with $7.4 million available for city operations.
The City of Alamo Heights presents its Comprehensive Annual Financial Report for fiscal year 2019, which received an unmodified audit opinion. The report shows that the City's net position increased by $1.2 million over the previous year to $18.5 million total. An independent auditor found that the City's financial statements were prepared in accordance with accounting standards.
MICHIGAN We hope for It shall rise again bette.docxARIV4
MICHIGAN
"We hope for "It shall rise again
better things." from the ashes.'"'
FOUNDED 1701
INCORPORATED 1806
AREA (Square Miles) 137 .9
POPULATION 713,777
City of Detroit
Comprehensive Annual Financial Report
for the Fiscal Year Ended June 30, 2014
Michael E. Duggan, Mayor
i
TABLE OF CONTENTS
Page
I. INTRODUCTORY SECTION
LETTER OF TRANSMITTAL I-1
AUDITOR GENERAL’S LETTER I-9
LIST OF CITY OF DETROIT PRINCIPAL OFFICIALS I-10
CITY OF DETROIT ORGANIZATION CHART I-13
II. FINANCIAL SECTION
INDEPENDENT AUDITORS’ REPORT 1
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) (UNAUDITED) 7
BASIC FINANCIAL STATEMENTS:
A. GOVERNMENT-WIDE FINANCIAL STATEMENTS:
Statement of Net Position 39
Statement of Activities 40
B. FUND FINANCIAL STATEMENTS:
Governmental Funds Financial Statements:
Balance Sheet 42
Reconciliation of the Balance Sheet of Governmental Funds
to the Statement of Net Position 43
Statement of Revenues, Expenditures, and Changes in Fund Balances 44
Reconciliation of the Statement of Revenues, Expenditures, and
Changes in Fund Balances of Governmental Funds to the
Statement of Activities 45
Enterprise Funds Financial Statements:
Statement of Net Position 46
Statement of Revenues, Expenses, and Changes in Fund Net Position 50
Statement of Cash Flows 52
Fiduciary Funds Financial Statements:
Statement of Fiduciary Net Position 56
Statement of Changes in Fiduciary Net Position 57
Discretely Presented Component Units Financial Statements:
Combining Statement of Net Position 58
Combining Statement of Activities 60
C. NOTES TO BASIC FINANCIAL STATEMENTS 63
REQUIRED SUPPLEMENTARY INFORMATION:
A. BUDGET TO ACTUAL COMPARISON - GENERAL FUND:
Notes to Budget to Actual Comparison 161
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual -
General Fund 162
B. EMPLOYER CONTRIBUTIONS AND FUNDING PROGRESS:
Schedules of Funding Progress and Employer Contributions 166
ii
TABLE OF CONTENTS
Page
OTHER SUPPLEMENTARY INFORMATION SECTION:
A. COMBINING NON-MAJOR GOVERNMENTAL FUNDS FINANCIAL STATEMENTS:
Other Governmental Funds:
Combining Balance Sheet 173
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 174
Special Revenue Funds:
Combining Balance Sheet 176
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 178
Street Fund:
Combining Balance Sheet 180
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 181
Permanent Funds:
Combining Balance Sheet 182
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 183
B. OTHER GOVERNMENTAL FUNDS BUDGETARY COMPARISON SCHEDULES:
Special Revenue Funds 184
Debt Servic ...
This document provides contact information for various city services and departments in Cupertino, California. It also includes a brief summary of key facts about the city, such as its population, median age, and rankings. Additionally, it introduces the city's fiscal year 2014-2015 budget, including revenues, expenditures, staffing levels over time, and the breakdown of funds and departments.
Colton City of COMPREHENSIVE ANNUAL FINANCIAL REPORT .docxdrandy1
This document is the City of Colton's Comprehensive Annual Financial Report for the fiscal year ended June 30, 2019. It was prepared by the City's Finance Department and includes the independent auditor's report, management's discussion and analysis, basic financial statements, notes to the financial statements, required supplementary information, and supplementary information such as combining and individual fund financial statements. The financial report provides information on the City's financial position and activities for the fiscal year.
Colton City of COMPREHENSIVE ANNUAL FINANCIAL REPORT .docxcargillfilberto
Colton
City of
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
Fiscal Year Ended June 30, 2019
City of Colton, California
650 N. La Cadena Drive, Colton, California 92324
THIS PAGE INTENTIONALLY LEFT BLANK
CITY OF COLTON, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
WITH REPORT ON AUDIT
BY INDEPENDENT
CERTIFIED PUBLIC ACCOUNTANTS
FOR THE YEAR ENDED JUNE 30, 2019
Prepared By:
Finance Department
Finance Administration Division
THIS PAGE INTENTIONALLY LEFT BLANK
CITY OF COLTON, CALIFORNIA
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2019
Table of Contents
Page
Number
INTRODUCTORY SECTION:
Letter of Transmittal i
Municipal Officials v
Organization Chart vi
Government Finance Officers Association Certificate vii
FINANCIAL SECTION:
Independent Auditors’ Report 1
Managements’ Discussion and Analysis
(Required Supplementary Information) 5
Basic Financial Statements:
Government-Wide Financial Statements:
Statement of Net Position 17
Statement of Activities 18
Fund Financial Statements:
Governmental Funds:
Balance Sheet 20
Reconciliation of the Governmental Funds Balance Sheet
to the Statement of Net Position 21
Statement of Revenues, Expenditures and Changes in Fund Balances 22
Reconciliation of the Governmental Funds Statement of Revenues,
Expenditures and Changes in Fund Balances to the Statement of Activities 23
Budgetary Comparison Statement by Department - General Fund 25
Proprietary Funds:
Statement of Net Position 26
Statement of Revenues, Expenses and Changes in Net Position 30
Statement of Cash Flows 32
Fiduciary Funds:
Statement of Net Position 36
Statement of Changes in Net Position 37
Notes to Financial Statements 39
CITY OF COLTON, CALIFORNIA
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2019
Table of Contents
Page
Number
Required Supplementary Information: 87
CalPERS Pension Plans:
Safety Plans:
Schedule of Proportionate Share of the Net Pension Liability 88
Schedule of Contributions 89
Miscellaneous Plan:
Schedule of Changes in the Net Pension Liability and Related Ratios 90
Schedule of Contributions 91
Other Post-Employment Benefits Plan:
Schedule of Changes in the Total OPEB Liability and Related Ratios 92
Supplementary Information:
Combining and Individual Fund Statements and Schedules:
Other Governmental Funds: 93
Combining Balance Sheet 96
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances 102
Schedules of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual:
Gas Tax Special Revenue Fund 108
Community Child Care Special Revenue Fund 109
Library Grant Special Revenue Fund 110
Community Development Block Grant Special Revenue Fund 111
State Traffic Relief Special Revenue Fund 112
.
Colton City of COMPREHENSIVE ANNUAL FINANCIAL REPORT .docxpickersgillkayne
Colton
City of
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
Fiscal Year Ended June 30, 2019
City of Colton, California
650 N. La Cadena Drive, Colton, California 92324
THIS PAGE INTENTIONALLY LEFT BLANK
CITY OF COLTON, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
WITH REPORT ON AUDIT
BY INDEPENDENT
CERTIFIED PUBLIC ACCOUNTANTS
FOR THE YEAR ENDED JUNE 30, 2019
Prepared By:
Finance Department
Finance Administration Division
THIS PAGE INTENTIONALLY LEFT BLANK
CITY OF COLTON, CALIFORNIA
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2019
Table of Contents
Page
Number
INTRODUCTORY SECTION:
Letter of Transmittal i
Municipal Officials v
Organization Chart vi
Government Finance Officers Association Certificate vii
FINANCIAL SECTION:
Independent Auditors’ Report 1
Managements’ Discussion and Analysis
(Required Supplementary Information) 5
Basic Financial Statements:
Government-Wide Financial Statements:
Statement of Net Position 17
Statement of Activities 18
Fund Financial Statements:
Governmental Funds:
Balance Sheet 20
Reconciliation of the Governmental Funds Balance Sheet
to the Statement of Net Position 21
Statement of Revenues, Expenditures and Changes in Fund Balances 22
Reconciliation of the Governmental Funds Statement of Revenues,
Expenditures and Changes in Fund Balances to the Statement of Activities 23
Budgetary Comparison Statement by Department - General Fund 25
Proprietary Funds:
Statement of Net Position 26
Statement of Revenues, Expenses and Changes in Net Position 30
Statement of Cash Flows 32
Fiduciary Funds:
Statement of Net Position 36
Statement of Changes in Net Position 37
Notes to Financial Statements 39
CITY OF COLTON, CALIFORNIA
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2019
Table of Contents
Page
Number
Required Supplementary Information: 87
CalPERS Pension Plans:
Safety Plans:
Schedule of Proportionate Share of the Net Pension Liability 88
Schedule of Contributions 89
Miscellaneous Plan:
Schedule of Changes in the Net Pension Liability and Related Ratios 90
Schedule of Contributions 91
Other Post-Employment Benefits Plan:
Schedule of Changes in the Total OPEB Liability and Related Ratios 92
Supplementary Information:
Combining and Individual Fund Statements and Schedules:
Other Governmental Funds: 93
Combining Balance Sheet 96
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances 102
Schedules of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual:
Gas Tax Special Revenue Fund 108
Community Child Care Special Revenue Fund 109
Library Grant Special Revenue Fund 110
Community Development Block Grant Special Revenue Fund 111
State Traffic Relief Special Revenue Fund 112
.
- The report analyzes Multnomah County's financial condition over the past 10 years. It found that while operating revenues have increased modestly, they have not kept pace with population growth, resulting in declining per capita spending. Intergovernmental revenues from federal and state governments remain a major funding source for county programs and services. Spending on health and human services has increased due to additional intergovernmental funding, while most other program spending is down. The county has generally maintained strong financial reserves in line with best practices.
The document provides the State of the Village report from the Village President, Linda Jackson. It summarizes the accomplishments of 2014 and plans for 2015 across various departments. Key points include maintaining a balanced budget and high credit rating. The finance, community development, police, and public works departments all saw improvements and continued growth in 2014 such as new businesses, increased permits, and infrastructure upgrades. The report outlines the vision to ensure Glendale Heights remains a progressive community.
Comprehensive Annual Financial Report City of Middle.docxdonnajames55
This document is the Comprehensive Annual Financial Report (CAFR) of the City of Middletown, Connecticut for the fiscal year ending June 30, 2015. It includes introductory information about Middletown's government and officials, the independent auditor's report, financial statements, notes to the financial statements, required supplementary information, and supplementary financial schedules and statistics. The CAFR provides a comprehensive overview of the City of Middletown's financial position and activities for fiscal year 2015.
The City of Alamo Heights presented its Annual Comprehensive Financial Report for the fiscal year ended September 30, 2022. An independent audit was conducted and resulted in an unmodified opinion, stating that the financial statements were presented fairly. The report showed that the City's net position exceeded its liabilities by $26.2 million, with $7.48 million available for operations. The General Fund balance was $6.3 million, an increase over the previous year. The report was made accessible to the public to comply with the city charter.
2023 07 10 City Commission Budget Workshop Agenda PacketVictoriaColangelo
Dive into our detailed analysis of Winter Springs' FY 2024 budget. Understand the city's priorities, major revenue sources, expenditure allocations, and the roles of key departments. See how the city is investing in essential services and enhancing the quality of life for its residents.
The DC Development Report is a summary of the major development and construction projects in the District of Columbia. The Washington, DC Economic Partnership (WDCEP) began tracking development activity in 2001 with the hope of creating a comprehensive database that would answer a number of questions in regards to the construction activity in the city. The Report summarizes our entire database of projects, highlights major projects and what lies ahead for development in the District of Columbia.
This update of the DC Development Report is an overview of development activity and of the expansion occurring in DC. As a resource book, it is a compilation of nearly 14 years of data collection and research that provides an overview of an ever-changing development and construction cycle.
The WDCEP performs an annual “development census” in the month of September and receives contributions from more than 100 developers, architects, contractors and economic development organizations. This outreach results in updates to more than 350 projects. While our database of projects is constantly being updated, for the purposes of this publication all data reflects project status, design and information as of September 2014.
In 2014 the WDCEP partnered with CBRE to provide an economic overview of DC and in-depth analysis of the office, retail and residential markets. Although every attempt was made to ensure the quality of the information contained in this document, the WDCEP and CBRE makes no warranty or guarantee as to its accuracy, completeness or usefulness for any given purpose.
Evaluation and Analysis of the City of Weslaco's Municipal Budget, 2014-2015
Graduate Research for Public Budgeting and Finance: Master of Public Affairs-Administration, The University of Texas Rio Grande Valley (UTRGV)
Rev. 1.0
The annual report summarizes the City of Fort Lauderdale's fiscal year from October 1, 2014 to September 30, 2015. It discusses the city's elected officials, administration, general government operations, and required bond disclosures. The bulk of the report provides updates on the city's various outstanding debt obligations, including general obligation bonds, taxable special obligation bonds, water and sewer revenue bonds, bank loans, capital leases, and other financing. It also notes a subsequent bond refunding that occurred in April 2016.
DUE SUNDAY 830pmAnswer the following post Discussion Week Five.docxhasselldelisa
DUE SUNDAY 8:30pm
Answer the following post Discussion Week Five:; government Wide Statements.
1. Emily:
The government-wide statements provide a broad scope of the financial position of Calvert County government's finances, which is similar to how private-sector business present their financial data. The statement of net position and the statement of activities breaks out functions of Calvert County's government that are generally supported by tax and intergovernmental revenues. The governmental functions include general government, public safety, public works, health and hospitals, social services, education, recreation and culture, conservation or natural resources, urban development and housing, economic development, and debt service. The business-type activities for Calvert County include water and sewer, solid waste and recycling. One thing that is included in these statements is "legally seperate component units", such as the Calvert County Board of Education and the Economic Development Authority.
The fund financial statements maintain control over the resources allocated to a specific activity or objective.
Source: http://www.co.cal.md.us/DocumentCenter/View/10611
2.
Melissa
G
overnment wide statements consist of statements of net positions such as assets (current and non-current). Liabilities (current and non-current), deferred outflows and deferred inflows. Government wide statements include the statement of activities as well, this consists of program revenues such as changes in net position and governmental activities such as public safety and education.
Government wide statements differ from the financial fund statements in how the financial fund focuses on the operations of the town from salaries and operating expenses, cash flows and reconciliation of operating income.
By looking at the status of the government wide statements I can see where the funding equity is spent and what we have left at the end of the year. I can tell if we overspent or if certain governmental regulated activities were complete. The governmental fund gives for of an outlook of where every dollar of bonds went in order for the town to function properly.
Reference
Town of Lynnfield
. (2015, 06 30). Retrieved from Financial statements: http://town.lynnfield.ma.us/Pages/LynnfieldMA_Accounting/FY%202015%20Financial%20Statements
.
1. Discuss Blockchains potential application in compensation system.docxmonicafrancis71118
1. Discuss Blockchain's potential application in compensation systems (base wages, incentives, rewards).
2. How can a token economy affect employee compensation?
3. Based on your readings, do worldwide executives believe Blockchain has the potential to radical change the future of organizations?
.
1. Describe the characteristics of the aging process. Explain how so.docxmonicafrancis71118
1. Describe the characteristics of the aging process. Explain how some of the characteristics may lead to elder abuse (memory issues, vulnerability, etc.). Discuss the types of consideration a nurse must be mindful of while performing a health assessment on a geriatric patient as compared to a middle-aged adult.
2.
End-of-life care becomes an issue at some point for elderly clients. Even with the emergence of palliative care programs and hospice programs, most elderly people do not die in their own home as is their preference. What are the reasons for this trend? Discuss what you can do as a nurse to support your clients regarding end-of-life care in accordance with their wishes. Support your response with evidence-based literature.
.
1. Dis. 7Should we continue to collect data on race and .docxmonicafrancis71118
1. Dis. 7
Should we continue to collect data on race and ethnicity?
Topic
In what situations should we continue collecting data on race and ethnicity, and in what situations should we stop collecting data on race and ethnicity? (see Desmond & Emirbayer)
2. Jour. 7
We determine whether our society is "colorblind." Our objectives this week are to:
· Describe colorblind racism and new racism;
· Discuss social policy implications of erroneous beliefs that we live in a post-racial or colorblind society; and
· Summarize the perception gap between majority and minority groups and how that impacts support for public policy aimed at combating racial inequality.
Please read all the information provided within the module and the indicated course book readings, then proceed to complete and submit this week's assignments in a timely and effective manner.
Due Thursday
Both 200 each words
.
1. Differentiate crisis intervention from other counseling therapeut.docxmonicafrancis71118
1. Differentiate crisis intervention from other counseling therapeutic interventions. Provide examples to support your rationale. For follow-up discussion, critique the examples provided by your peers for validity.
2. Is the use of standard psychotherapeutic interventions appropriate during a crisis? Why or why not?
.
1. Describe the ethical challenges faced by organizations operating .docxmonicafrancis71118
1. Describe the ethical challenges faced by organizations operating globally. 550 words .
2. Pick one of the following terms for your research: code of ethics, conscious capitalism, corporate social responsibility (CSR), culture, ethical dilemma, external adaptation, mission culture, social capital, values-based leadership, or whistle-blowing. 500 words
.
1. Describe in your own words the anatomy of a muscle. This sho.docxmonicafrancis71118
1. Describe in your own words the anatomy of a muscle. This should include from the muscle down to the myofibrils.
2. Explain in your own words how an action potential results in a muscle contraction.
3. List and describe in your own words the characteristics of skeletal muscle (aka the abilities that a skeletal muscle has).
4. Muscle Tissue
: Describe the appearance of the three types of muscle tissue.
a. Skeletal muscle:
b. Cardiac muscle:
c. Smooth muscle:
5. Muscle Anatomy
: Put the structures in anatomical order from superficial to deep.
Sarcolemma
Perimysium
Endomysium
Epimysium
6. Muscle Identification
: Palpate or locate each of the following muscles and list its origin, insertion, and action.
a. Masseter
b. Upper, middle, and lower trapezius
c. Sternocleidomastoid
d. Temporalis
e. Occipitofrontalis
f. Erector spinae
g. Scalenes
h. External/internal intercostalis
i. Rectus abdominis
j. External/internal oblique
k. Transverse abdominis
l. Rhomboids
m. Serratus anterior
n. Pectoralis major and minor
o. Teres major and minor
p. Latissimius Dorsi
q. Infraspinatus
r. Suprasinatus
s. Subscapularis
t. Deltoid
u. Triceps brachii
v. Biceps brachii
w. Brachialis
x. Brachioradialis
y. Wrist and finger flexors
z. Wrist and finger extensors
aa. Iliopsoas
bb. Tensor fasciae latae
cc. Gluteus maximus
dd. Gluteus medius
ee. Quadriceps
ff. Hamstrings
gg. Sartorius
hh. Adductor longus
ii. Gracilis
jj. Tibialis anterior
kk. Gastrocnemius
ll. Soleus
mm. Peroneals
.
1. Describe how your attitude of including aspects of health literac.docxmonicafrancis71118
1. Describe how your attitude of including aspects of health literacy changed during this course.
2. Describe your approach to incorporating evidence-based literature in health teaching.
3. Describe one theory of teaching or learning that you applied it to your power point presentation.
4. Describe two ways that you have grown as a health educator by taking health promotion course
.
1. Choose a behavior (such as overeating, shopping, Internet use.docxmonicafrancis71118
1. Choose a behavior (such as overeating, shopping, Internet use, etc.) Identify examples of each of the stages of change—pre-contemplation through maintenance—using the behavior you selected as the focus.
2. What are your thoughts on using the readiness assessment tool for addictive behaviors?
What is the stage of readiness in each of these areas for Brian and/or Alyssa?
Need for change
Commitment to change
Self-awareness
Environmental awareness
Personal closeness
Identify a possible next step in the process for the individual you selected that you feel will assist them in their readiness for change.
Be sure to rate each of the readiness assessment areas. Your next steps should be appropriate to the data you discuss in the readiness assessment.
see attachment:
.
1. Case 3-4 Franklin Industries’ Whistleblowing (a GVV Case)Natali.docxmonicafrancis71118
1. Case 3-4 Franklin Industries’ Whistleblowing (a GVV Case)
Natalie got the call she had been waiting for over six long months. Her complaint to the human resources department of Franklin Industries had been dismissed. It was HR’s conclusion that she was not retaliated against for reporting an alleged embezzlement by the Accounting Department manager. In fact, HR ruled there was no embezzlement at all. Natalie had been demoted from assistant manager of the department to staff supervisor seven months ago after informing Stuart Masters, the controller, earlier in 2015, about the embezzlement. Her blood started to boil as she thought about all the pain and agony she’d experienced these past six months without any level of satisfaction for her troubles.
Natalie Garson is a CPA who works for Franklin Industries, a publicly owned company and manufacturer of trusses and other structural components for home builders throughout the United States. Six months ago she filed a complaint with HR after discussing a sensitive matter with her best friend and coworker, Roger Harris. Natalie trusted Harris, who had six years of experience at Franklin. The essence of the discussion was that Natalie was informed by the accounting staff of what appeared to be unusual transactions between Denny King, the department manager, and an outside company no one had never heard of before. The staff had uncovered over $5 million in payments, authorized by King, to Vic Construction. No one could find any documentation about Vic, so the staff dug deeper and discovered that the owner of Vic Construction was Victoria King. Further examination determined that Victoria King and Denny King were siblings.
Once Natalie was convinced there was more to the situation than meets the eye, she informed the internal auditors, who investigated and found that Vic Construction made a $5 million electronic transfer to a separate business owned by Denny King. One thing lead to another, and it was determined by the internal auditors that King had funneled $5 million to Vic Construction, which, at a later date, transferred the money back to King. It was a $5 million embezzlement from Franklin Industries.
Natalie met with Roger Harris that night and told him about the HR decision that went against her. She was concerned whether the internal auditors would act now in light of that decision She knew the culture at Franklin was “don’t rock the boat.” That didn’t matter to her. She was always true to her values and not afraid to act when a wrongdoing had occurred. She felt particularly motivated in this case—it was personal. She felt the need to be vindicated. She hoped Roger would be supportive.
As it turned out, Roger cautioned Natalie about taking the matter any further. He had worked for Franklin a lot longer than Natalie and knew the board of directors consisted mostly of insider directors. The CEO of Franklin was also the chair of Page 181the board. It was well known in the company that whatev.
1. Cryptography is used to protect confidential data in many areas. .docxmonicafrancis71118
1. Cryptography is used to protect confidential data in many areas. Chose one type of cryptography attack and briefly explain how it works (examples include: ciphertext-only attack, known-plain-test attack, chosen-plaintext, chosen-ciphertext attack, timing attack, rubber hose attack, adaptive attack).
2. Select one type of cryptography or encryption and explain it in detail. Include the benefits as well as the limitations of this type of encryption. Your summary should be 2-3 paragraphs in length and uploaded as a TEXT DOCUMENT
.
1. Compare and contrast steganography and cryptography.2. Why st.docxmonicafrancis71118
1. Compare and contrast steganography and cryptography.
2. Why steganography and how does it work? List examples of suitable carriers of steganographic payloads.
3. Experiment with the tool – Steganography Online (http://stylesuxx.github.io/steganography/) to get a feel of how the steganographic tool works.
4. In steganalysis, which methods are used to detect steganography?
Briefly describe how cryptography is applied in ATM, SSL, digital signatures, hashes and drive encryption.
.
1. Date September 13, 2017 – September 15, 2017 2. Curr.docxmonicafrancis71118
1. Date: September 13, 2017 – September
15, 2017
2. Current Exchange Rate ($ / rupee):
1/64.16
3. During the past week (or since your last entry), what has been the major economic or
business news relating to
India? http://www.thehindu.com/business/Industry/economy-suffers-as-firms-tackle-
debt/article19677814.ece
In India this year, there are a fair amount of firms and businesses that are having issues paying off
interest on their loans. On top of this, fewer loans are happening and the state’s GDP growth rate has
lowered this year. The article lists several factors, one of which is pretty simple; interest rates are high
at the moment. This article on business interested me because this is an issue that is relatable to every
modernized country on Earth, how to pay off debt when you aren’t making enough this year to cover
costs? You can’t, so the unpaid portions add up. I didn’t feel like there was a strong bias in this article,
but I’m also not accustomed to the Indian financial market or its businesses. How is this story relevant
to my understanding of India? It lets me take an inside look at the current economy and how they might
be fairing in comparison. It also shows that business and banking policies are not that different on some
levels.
4. During the past week (or since your last entry), what has been the major political
news in India? http://www.thehindu.com/news/national/andhra-pradesh/patronising-congress-
again-a-historic-necessity/article19679153.ece
First, why do I consider this major political news in India? The discussions and accusations being talked
about in the article are serious and can definitely effect votes for the mentioned political parties, which
in turn can change or add new laws, regulations, taxes, and etc. The title seemed incredibly familiar to
what we always see in American newspapers about our politics. I felt that the author, or maybe the
newspaper, might actually lean more towards the BJP and TDP’s opposing forces. Other than that, there
were tons of biased quotes from both parties. So, why do I think this topic is relevant to my
understanding of India? Simply put, just as with business and banking, there is this kind of familiarity in
a way. This article lets me get an inside view on the current parties and the accusations being made,
showing me that politics is a somewhat universal language, one part attack ads, one part confusion, and
one part progress.
5. What new information have you found related to religion in
India?http://www.thehindu.com/society/faith/tendencies-of-
prakriti/article19656107.ece
We talked a lot about how the culture of India and the religions of it can definitely be intertwined. This
short article tells of the three ‘gunas’, which I didn’t know much about if anything really. As far as biases
go, you could say that the article is biased to what it is teaching about this religious aspect, but honestly,
it feels more informative. Why is thi.
1. compare and contrast predictive analytics with prescriptive and d.docxmonicafrancis71118
1. compare and contrast predictive analytics with prescriptive and descriptive analytics. Use examples. (250 words and two references no plagiarism)
2. Discuss the process that generates the power of AI and discuss the differences between machine learning and deep learning.(250 words and two references no plagiarism)
.
1. Creating and maintaining relationships between home and schoo.docxmonicafrancis71118
1. Creating and maintaining relationships between home and school are pivotal to the overall success of our ELL students. Discuss some ways you might cultivate these partnerships throughout the school year.
2. There is research supporting the theory that students who are literate in their home language are more likely to be literate in their second or subsequent language. Thinking of this, what are the potential effects of home language on the development of English and classroom learning?
.
1. Compare and contrast Strategic and Tactical Analysis and its .docxmonicafrancis71118
1. Compare and contrast Strategic and Tactical Analysis and its application to street crimes such as robbery and property crimes such as burglary. In your opinion is one more suited in addressing criminal behavior?
Strategic analysis involves the analysis over the long-term, whereas tactical analysis involves analysis in a more direct manner. Each has analysis scheme has their uses in addressing criminal behavior. To use an example with drug activity strategic analysis would be better suited to understanding who could be the future customers of drug dealers, where are possible locations that could facilitate such deals, and helping law-enforcement and community leaders come up with measures to combat drug sales. However, the tactical analysis would focus more on finding out where the current supply of drugs is coming in from, who the leader(s) is(are), and cracking down on local dealers. While there is overlap between the two, I believe that tactical analysis is the best when addressing criminal behavior, because of the more immediate results that it provides.
2. What is CPTED? Please elaborate on how CPTED may be an effective means to reduce a criminals Modus operandi? Provide an example.
CPTED is an acronym that stands for crime prevention through environmental design which is “The proper design and effective use of the built environment can lead to a reduction in the fear and incidence of crime, and an improvement in the quality of life” (Cozens, Saville, & Hillier, 2005). This means that CPTED is all of the passive defenses that the environment provides law-abiding citizens against criminally minded individuals. These defenses can be broken down into six different aspects that work together to create CPTED they are: territoriality, surveillance, access control, target hardening, image/maintenance, and active support (Cozens, Saville, & Hillier, 2005). All of these aspects work together to decrease crime in the area.
respond to this discussion question in 250 words
.
1. Coalition ProposalVaccination Policy for Infectious Disease P.docxmonicafrancis71118
1. Coalition Proposal
Vaccination Policy for Infectious Disease Prevention and Control
Scope of the Problem
Vaccines have done an excellent job at preventing many diseases, some of which can be deadly if not prevented. When bacteria or viruses enter the body, they immediately begin to attack and multiply, which then causes an infection. The immune system will then fight off the infection and establish antibodies, which will help recognize and fight off the same disease in the future. For this very reason, it has been important for children to be vaccinated at an early age so that they may establish those antibodies their bodies need. Vaccines act as the disease so that the body may produce antibodies, but the good thing is that it won’t cause an infection (CDC, 2017).
There are current policies that mandate vaccinations in the U.S., for example, all children are required to be up to date on their vaccines before beginning school. The problem is that there are many loopholes and exceptions to the rule, whether it’s due to religious reasons or other medical issues. Because of this, there are still many children and adults who have yet to be fully compliant with vaccine requirements
Some important statistics to note (Johns Hopkins Medicine):
· CDC estimated 2,700 new cases of hepatitis A in the U.S.
· It is estimated that in 2011, 19,000 new cases of hepatitis B and 17,000 cases of hepatitis C occurred.
· In 2012, nearly 10,000 new cases of tuberculosis were reported.
· Approximately 36,000 people per year die from influenza and pneumonia.
· 50,000 new cases of HIV infection occur annually.
· In 2012, new cases of STD’s were reported, including HPV, Chlamydia, Gonorrhea, HIV, and Syphilis.
Who is affected by this problem? Identify.
Children are mainly affected by this problem due to parents’ hesitancy for vaccinations. Although law mandates for children to be vaccinated for school enrollment, parents have the option to use exemptions to avoid having their children vaccinated. Currently, medical exemptions are allowed for medical reasons in all states, and it is estimated that one to three percent of children are excused from vaccinations because of these exemptions. Parents have continued to use reasons to avoid vaccinations, for example, the belief that the decline in vaccine-preventable diseases is due to improved health care, hygiene, and sanitation (Ventola, C. L., 2016).
Health disparities among Blacks, Hispanics, and Whites have played a huge role in terms of vaccination coverage. Studies have shown that health insurance has a direct impact on the vaccination coverage in adults, therefore, low-income families who can’t afford health insurance will most likely not get the vaccines they need. With that being said, uninsured prevalence was higher among non-Hispanic blacks (19.5%) and Hispanics (30.1%) compared with non-Hispanic whites (11.1%) (Lu, P., et al, 2015).
What has been written on the issue and policy options?
There ha.
1. Company Description and Backgrounda. Weight Watchers was cr.docxmonicafrancis71118
1. Company Description and Background
a. Weight Watchers was created by Jean Nindetch in 1963 when she began to invite her friends and neighbors so that they can discuss their weight loss issues and how they could lose weight successfully. The basic concept of WW plan consisted of two components: the WW program and group support. Comprised of a food plan and an activity plan. WW eliminated counting calories by introducing a point system.
b. Targeted women 25 to 55
c. 2017 about 1 million members who attended 32,000 WW meetings around the world organized by more then 9,000 leaders who had successful lost weight using WW.
d. Record high revenue 2011 $1.8 billion, in 2012 a slight reduction occurred but beat all pre-2011 numbers, in 2013 is when business began take a turn for the worse.
e. December 2015, WW launched a SmartPoints system which was a scale for food management. It was introduced to work along with a new weight management program called “Beyond the Scale.” Even thought doctors and nutrition’s approved the program, then-CEO David Kirchhoff felt it wasn’t enough because the programs didn’t take into account social, environmental and behavioral factors that led members to fail at their weight loss journey. Shortly after in August 2013, CEO Kirchhoff resigned in order to “pursue other opportunities” which left WW struggling to adjust their business strategy in the Internet Age.
2. Problems Posed In The Case
a. CEO Jim Chambers resigned in September 2016 afterward a tumultuous year with stock prices dropping 54% that year alone and seven straight quarters of declining sales.
b. Next generation diet programs and online apps like MyFitnessPal and FitBit were providing the same services for free of charge. CEO Chambers admitted that “consumers have changed and that WW hadn’t kept the pace.”
c. As obesity levels increased worldwide, the market for weight loss products was growing exponentially, however, WW had to increase customer value and seek new target segments to fend off competitors from traditional rivalry’s like Nutrisystem, Slim Fast, Medifast, Jenny Craig and the Biggest Loser.
d. Emergence of fad diets
e. Decreased effectiveness of marketing and advertising programs
f. The need for developing new and innovative products and services that could be delivered online or via mobile apps
g. WW International faced stock price volatility because of rival weight management options such as the over-the-counter weight-loss drug Alli launched by GlaxoSmithKline in June 2006 and the development of Allergan’s Lap-Band device.
h. Worldwide Health Organization estimated 2.3 billion people to be overweight by 2015 and more than 700 million obese.
i. The development of effective weight-management methods i.e. pharmaceuticals, surgical options such as the Lap-Band.
3. Financial Analysis
a. In 2017, revenue was 1.3 billion and in 2018 revenue was up by 5.77% at 1.5 billion.
4. Strategic Options
a. During the dot-com era they creat.
1. Come up with TWO movie ideas -- as in for TWO screenplays that .docxmonicafrancis71118
1. Come up with TWO movie ideas -- as in for TWO screenplays that you'd be interested in writing.
You will eventually choose ONE screenplay to live with for the duration of this course. You will distill each idea into a single sentence. We call this a LOGLINE.
A good logline: 1. Must include your PROTAGONIST. 2. Must be under 50 words. 3. Must contain the word "BUT" ("but" signifies conflict).
After you write the logline. Tell us about your PROTAGONIST. What is her/his most pressing DESIRE? What are some of the potential OBSTACLES that can get in the way?
TRY TO KEEP IT SIMPLE!
Here's an example:
MOVIE IDEA #1
WORKING TITLE: "COLLATERAL"
LOGLINE: A cab driver dreams of starting his own limo company, BUT when a hitman gets into his cab, our hero must figure out how to survive the night.
PROTAGONIST: Max (Cab Driver)
DESIRE: To stop Vincent (the Hitman)
POTENTIAL OBSTACLES: The HITMAN who never fails. THE COPS who think Max is the hitman. THE GANGSTERS who want the hitman dead. MAX’s own timid and hesitant nature.
2.What is the INCITING INCIDENT in your two film ideas? What is the 1stACT BREAK?
Example:
MOVIE TITLE: COLLATERAL
INCITING INCIDENT: Vincent gets into Max’s cab, makes Max an offer
1STACT BREAK: Body drops on Max’s cab; Reveal Vincent is a Hitman
(To discover your inciting incident possibly contemplate what the worst thing that could happen to your particular character would be)
Interview questions
1. Do you have a specific reason why you wanted to become a physical therapist?
2. Why do think it’s a good idea to be a physical therapist?
3. What did you get your bachelor degree on?
4. Were you in any kind of program for PT?
5. What kind of opportunities were there for you after getting your bachelor degree?
6. What were some of the difficulties you faced when you were looking for jobs?
7. What are some things I should know before I continue?
8. What are some jobs that I can apply to, to get experience with what a want to pursue?
9. How long did it take you to finish school and start your job?
10. What are some skills a person should have that wants to do DPT?
Unal 2
Seyma Unal
English 101 Z02N
Ms. Claytor
24 June 2019
Isabella Mia Interview as a Physical Therapist
Isabella Mia is a physical therapist who is working in the US as a therapist for the last 10 years. I have selected her for the interview because the physical therapist is a tough job and it is important to consider a person who has worked in it for a long time to get the right insights. She is a very dedicated person towards her work and this the reason behind her success in this field. I met her for this interview on a coffee shop and following is the information that I got from her.
Seyma Unal : Do you have a specific reason why you wanted to become a physical therapist?
Isabella Mia : I believe that this is a very rewarding career. I always wanted to do something that can ease other people and in this profession, we have contact with customers .
1. Choose a case for the paper that interests you. Most choose a .docxmonicafrancis71118
1. Choose a case for the paper that interests you. Most choose a case that they experienced on the job (e.g., company merger, reorganization, adoption of innovation or new procedure). If you have never experienced anything remotely like this, then you could choose a case in your community that interested you (e.g., political issues like taxes, land acquisition, school boards). If none of those apply then you can choose a case that is personal to you (e.g., getting a raise, selling something to a client or customer). If you have never worked, then choose a case you may experienced as an intern or student. I am pretty liberal about the kind of case that you choose.
2. Choose a case that involved a failed change attempt or proposes a change that has never been attempted. DO NOT CHOOSE A CASE THAT WAS SUCCESSFUL. The outline is hard to use when describing successful change attempts.
3. Write the paper as an expanded outline. That means writing paragraphs under the lower level headings. By using the outline as headings, you won’t leave something out.
4. With regard to length, some overwrite Section I. I think they get into describing the problem and go on a tirade. Although cathartic, it eats space. Section II should be relatively brief and the shortest of the three sections. Section III is where you should be writing a lot. That is where you are showing me that you can use the course content to propose an effective change.
5. Remember that you will be sending the paper to me as an attachment. I will grade it and make comments in the file. I will return it to you at the SAME address from which I received it. IF FOR SOME REASON, YOU DON’T WANT ANYONE TO SEE THE PAPER, USE YOUR STUDENT EMAIL ADDRESS. DO NOT USE YOUR WORK ADDRESS.
6. I will erase all papers at the end of the term. I never share papers with others.
Below I will give you some insights into the outline.
SUGGESTED OUTLINE FOR CHANGE MANAGEMENT PAPERS
I. Statement of problem area. In this section, describe the change attempt and the key players.
A. Background of change attempt.
1. Nature of change (What is being proposed?).
In this section, provide an overview of the change including a brief history.
2. Issues (Why is it being proposed?).
If you are writing about a failed change, indicate why it was proposed and how it failed. If you are writing about a proposed change, then describe the problem it is intended to resolve.
3. Change Agent(s). This section is focused on the people who proposed or will propose the change. If there are only a few change agents, you can describe what each on is like. If you are there many, then describe their general characteristics.
4.
A. Personality. What are they like? If you want, you can refer to the personalities I mention in the handout on integrative bargaining.
B. Power. What kind of power do the change agents have and how much? Is their power formal (e.g., authority) and/or or informal (e.g., expertise, chari.
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The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
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Answers about how you can do more with Walmart!"
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptxEduSkills OECD
Iván Bornacelly, Policy Analyst at the OECD Centre for Skills, OECD, presents at the webinar 'Tackling job market gaps with a skills-first approach' on 12 June 2024
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
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The temple and the sanctuary around were dedicated to Asklepios Zmidrenus. This name has been known since 1875 when an inscription dedicated to him was discovered in Rome. The inscription is dated in 227 AD and was left by soldiers originating from the city of Philippopolis (modern Plovdiv).
Gender and Mental Health - Counselling and Family Therapy Applications and In...PsychoTech Services
A proprietary approach developed by bringing together the best of learning theories from Psychology, design principles from the world of visualization, and pedagogical methods from over a decade of training experience, that enables you to: Learn better, faster!
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
Traditional Musical Instruments of Arunachal Pradesh and Uttar Pradesh - RAYH...
CITY OF CEDAR FALLS, IOWAComprehensive AnnualFinancial R.docx
1. CITY OF CEDAR FALLS, IOWA
Comprehensive Annual
Financial Report
For the Fiscal Year Ended
June 30,20 13
Prepared by:
Finance/Public Records Division
of
Department of Administrative Services
Jennifer Rodenbeck, CPA, CPFO
Finance Manage/City Clerk
City of Cedar Falls, Iowa
Gomprehensive Annual Financial Report
For the Fiscal Year Ended June 30,2013
Table of Contents
INTRODUCTORY SECTION
Letter of Transmittal. .
GFOA Certificate of Achievement .
Organizational Charts . . . .
2. Principal Officials.
FINANCIAL SECTION
I ndependent Auditor's Report
Management's Discussion and Analysis
Basic Financial Statements:
Government-wide Financíal Statements:
Statement of Net Position
Statement of Activities. . . .
Fund Financial Statements:
Balance Sheet- Governmental Funds . . . .
Statement of Revenues, Expenditures, and Changes ín Fund
Balances - Governmental Funds. . . . . . .
Reconciliation of the Statement of Revenues, Expenditures,
and Changes in Fund Balances of Governmental Funds to
the Statement of Activities
Statement of Net Position - Proprietary Funds.
Statement of Revenues, Expenses, and Changes in Fund Net
Assets - Proprietary Funds.
Statement of Cash Flows - Proprietary Funds.
Notes to Financial Statements. . . .
Required Supplementary lnformation :
Budgetary Comparison Schedule - Function Budget
Notes to Required Supplementary lnformation
Schedule of Funding Progress
Other Supplem entary I nformation :
Combining Fund Statements and Schedules:
3. Combining Balance Sheet - Nonmajor Governmental Funds .
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances - Nonmajor Governmental
Funds
Paqe
1
11
12
14
15
18
31
33
81
83
86
35
37
39
4. 40
42
44
46
87
91
Combining Statement of Net Position - lnternal Service Funds.
Combining Statement of Revenues, Expenses, and Changes
in Fund Net Position - lnternal Service Funds
Combining Statement of Cash Flows - lnternal Service Funds.
Capital Assets Used in the Operation of Governmental Funds:
Comparative Schedules by Source.
Schedule by Function and Activity
Schedule of Changes by Function and Activity.
STATISTICAL SECTION
Financial Trends:
Net Position by Component
Changes in Net Position.
Fund Balances, Governmental Funds
Changes in Fund Balances, Governmental Funds
Revenue Capacity:
Assessed and Taxable Value of Property. . . .
Property Tax Rates - Direct and Overlapping Governments. . .
5. Principal Property Taxpayers
Property Tax Levies and Collections.
Debt Capacity:
Ratios of Outstanding Debt by Type.
Ratios of General Bonded Debt Outstanding
Direct and Overlapping Debt.
Legal Debt Margin lnformation. . .
Revenue Bond Coverage - Sewer Authority.
Sales History and Total Sewer Charges.
Water Meters by Rate Class.
Largest Sewer Customers
Demographics on Economic lnformation:
Demographic and Economic Statistics
Principal Employers . . . .
Full-Time Equivalent City Government Employees by
Function/Department
Operating I nformation :
Operating lndicators by Function. . . .
Capital Asset Statistics by Function . . . .
95
97
99
101
102
104
7. 139
141
143
DEPARTMENT OF ADMINISTRATIVE SERVICES
CITY OF CEDAR FALLS, IOWA
220 CLAY STREET
CEDAR FALLS, IOIVA 50613
PHONE: 319-273-8600
FAX: 319-268-5126
www.cedarfalls,comw
October 1,2013
To Mayor Crews, Members of the City Council and citizens of
the City of Cedar Falls:
I am pleased to submit to you the comprehensíve Annual
Financial Report (CAFR) of the city of cedar Falls, lowa,for the
year ended June 30, 2013. This is the eleventh CAFR completed
in compliance with the Governmental
Accountíng standards Board Statement No. 34 (GASB 34).
Responsibility for both the accuracy of the data andthe
completeness and fairness of the presentation, including all
disclosures, rests with the city. To the best of ourknowledge and
belief, the enclosed data is accurate in all material respects and
is reported in a manner designedto present fairly the financíal
position and results of operations of the city. All disclosures
necessary to enable thereader to gain an understanding of the
city's financial activities have been included.
GAAP require that management provide a narrative
8. introduction, overview, and analysis to accompany the
basicfinancial statements in the form of Management's
Discussion and Analysis (MD&A). This letter of transmittal
isdesigned to complement MD&A and should be read in
conjunction with it. The city of cedar Falls, MD&A can befound
immediately following the report of the independent auditors.
The city is required to undergo an annual single audit in
conformity with the provisions of the u.s. office ofManagement
and Budget (oMB) circular A-133, "Audits of states, Local
Governments, and Nonprofitorganizations'" lnformation to
comply with oMB circular A-133, "Audits of states, Local
Governments, andNonprofit organizations," and "Government
Auditing standards" is included in another report under a
separate
cover.
The city of cedar Falls provides many municipal services
including fire and police protection, streets, garbage
collection, parks, recreation, cultural arts, planning, zonihg,
g"n"r"i a¿m¡n¡stråtion, and sewer and storm waterservices' For
financial reportíng purposes, all funds, agencies, boards,
commissions, trusts and authoritiesinvolved in the provision of
these services are included íf the city is financially accountable.
Financial
accountability is determined by several different factors,
including fiscal dàpendence, ability to impose will upon
theentity's governlng body, provision of specific financial
burdens or benefits and separate legal entity status. Aftercareful
evaluation of these factors, the city has included in this
financíal report the cedar Falls Electric utílity, Gasutility, water
utility, and communícations utility, as well as all funds of the
cíty. The utilities are each reported asdiscretely presented
component units.
1
9. "OUR CITZENS ARE OUR BUSINESS"
GOVERNMENTAL STRUCTURE
The City has operated under the mayor-council form of
government since incorporation. Policy-making and
legislative authority are vested in the governing council, which
consists of seven members. The City Council is
responsible, among other things, for passing ordinances,
adopting the budget, setting goals, and approving mayor-
appointed committees. The full-time mayor is responsible for
carrying out the policies and ordinances of the City
Council, for overseeing the day{o-day operations of the City,
and for appointing department directors. The mayor
and Council are elected on a nonpartisan basis. The Council
consists of two council members elected at large and
one council member elected from each of the five wards as
established by ordinance, elected for terms of four
years. The mayor is elected at large and to a two-year term.
ECONOM¡C CONDITION AND OUTLOOK
The City, incorporated in 1854, is located in the northeastern
part of the state, has a land area of 28.9 square miles
and a population of 39,260. The City is empowered to levy a
property tax on both real and personal property
located within its boundaries, and has the power by state statute
to extend its corporate limits by annexation, which
is seldom done, but will be done when deemed appropriate by
the City Council.
The economic condition and outlook of Cedar Falls continues to
be strong. The Cedar Falls economy was insulated
10. from many of the impacts created by the recent recession due to
the growth and stability of the University of
Northern lowa and a diverse service business sector.
The Greater Cedar Valley Alliance was formed in the metro area
to organize the human resources and generate
needed development capital to attract new business and industry
to the area and to encourage expansion of
businesses already in the area. As a result, many new businesses
have located offices and plants in the metro
area. Target Corporation constructed a distribution center with
an assessed value of approximately $¿S million in
FY02 and in FY08 completed a second refrigeration center. The
Cedar Falls lndustrial and Technology Park
continues to show tremendous expansion.
The increase in new businesses and expansion of established
firms has had a positive effect on employment and
the City's tax base. Historically, Cedar Falls' unemployment rate
has closely followed the State trends, which are
significantly lower than the nation's unemployment rate (See
Attachment A). This is due to the strong service
employment base supported by the state university located in
Cedar Falls. Since the devaluation of property in
l9B6-1988, Cedar Falls has had steady growth in property
values. Assessed values increased in FY14 by $gZ
million, and taxable values increased by $229 million (See
Attachment B) due to the increase in assessed
valuations and the residential rollback.
The City of Cedar Falls maintains a comparatively low tax rate.
Cedar Falls has the fifth lowest tax rate per capita
of the twenty largest cities in the state of lowa (See Attachment
C). Thís low rate can be attributed to the efforts of
the City to streamline operations over the past twenty years.
This has been accomplished by maintaining the
11. approximate same number of employees, even when demand for
service has increased. Cedar Falls had one of
the lowest number of full{ime employees per 1,000 residents in
FY12. (See Attachment D).
Over the past ten years Cedar Falls' residential housíng sales
prices have significantly increased. ln 2002, the
average sales price reported was $153,312. ln2012, the average
sales pricewas $206,773, which is a thirty-five
(35) percent increase in the past ten years (See Attachment E).
These statistics indicate that Cedar Falls' local
economy is sound and there is a strong market for Cedar Falls
homes.
2-
Housing values have surged from the recession and devaluation
of the mid-1980's to values that once again place
the homeowners living in Cedar Falls in an advantageous
market position. This market growth is a credit to
businesses, the school system, utilities, and quality of City
services in Cedar Falls. Each entity has worked
together to strengthen the local economy, create jobs, and
improve Cedar Falls' quality of life.
MAJOR INITIATIVES
Disinfection Project: ln August 2009, the Public Works
department presented to council information on an
Ultraviolet Light (UV) Alternatives Evaluation Workshop. This
is a process to treat bacteria at the Water
Reclamation Facility. The Environmental Protection Agency
(EPA) has directed a new standard of treatment. The
advantage of UV over other disinfectants is it can inactivate
12. hard to control organisms, such as E.coli, without
chemical additions to the final product and without producing a
harmful disinfection by-product. Using UV is a
better and safer way to disinfect and there are no residuals.
ln FY11, the Public Works department solicited bids for the
construction of the Water Reclamation Facility UV
Disinfection and Biosolids Handling Facilities lmprovements
Project (Disinfection Project). Construction of the
project began in FY12 and a majority of the construction has
occurred during FY13. Completion is expected in
FY14. The total project cost will be approximately 921.8
million.
This project will have a significant impact on the City's sewer
fund. The City Council did approve a So/o increase on
sewer rates each year for five years beginning in FY12. The
council also decided not to finance the project in a
traditional way of selling sewer bonds. lnstead the City has
opted to self-finance the project. Cash reserves from
the City's Capital lmprovements Fund and Hospital Fund
havefinanced the project. Through June 30,2013, these
funds have foaned the sewer fund $15.9 million. Self-financing
has allowed these funds to earn interest at a rate
greater than earnings on traditional investments and the sewer
fund benefits by paying interest costs lower than
bond rates.
Bluff Street Lift Station: ln 1962, the Bluff Street Lift Station
was constructed below the 1Oo-year flood elevation.
During the Flood of 2008, the entire basement (pump room)
filled with water and the control room had five feet of
standing water in it. Due to its location, the station was not
accessible for several days and out of service for about
two weeks because of the significant damage to the mechanical
equipment in the station as well as to the backup
13. generator. Because of the dry well/wet well configuration of the
station, conventional flood protection was not
practical, therefore the City applied for a Community
Development Grant (CDBG) Disaster Recovery Grant to
construct the new station at a higher elevation and that is not
subject to flooding and is completely accessible in a
high water event.
ln FY10, design on the new lift station started and the Public
Works Department solicited bids for the New Bluff
Street Lift Station project. Construction began in FY12 and
continued in FY13. Completion will occur in FY14. The
total project cost will be approximately $Z.g million. The
CDBG grant will fund $3.g million of the cost. The
remaining cost will be financed with sewer bonds and self-
financing options. Sewer rates increases described
above also were needed to help finance this project as well.
3
ACCOUNTING SYSTEMS AND BUDGETARY CONTROL
ln developing and evaluating the City's accounting control
system, consideration is given to the adequacy of
internal accounting controls. Accounting control comprises the
plan of organization and the procedures and
records that are concerned with the safeguarding of assets and
the reliability of financial records and consequen¡y
are designed to provide reasonable assurance that:
¡ Transactions are executed in accordance with management's
general or specific authorizations.
' Transactions are recorded as necessary(1)to permit preparation
of financial statements in conformitywith
14. generally accepted accounting principles or any other criteria,
such as finance-related legal and contractual
compliance requirements applicable to such statements, and (2)
to maintain accountability for assets.
. Access to assets is permitted only in accordance to
management's authorization.
' The recorded accountability for assets is compared with the
existing assets at reasonable intervals and
appropriate action is taken with respect to any differences.
The definition of accounting control comprehends reasonable,
but not absolute, assurance that the objectives
expressed in it will be accomplished by the system. The concept
of reasonable assurance recognizes that the cost
of internal controls should not exceed the benefits. The benefit
consists of reductions in the risk of failing to
achieve the objectives implicit in the definition of accounting
control.
All internal controf evaluations occur within the above
framework. We believe that the City's internal accounting
controls adequately safeguard assets and provide reasonable
assurance of proper recording of financial
transactions.
ln accordance with the State of lowa, the City has formally
established budgetary accounting control for its
operating funds. Budgetary control is maintained at the function
level (Public Safety, Public Works, Health and
Social Services, Culture and Recreation, Community and
Economic Development, General Government, Debt
Service, Capital Projects, and Business-Type activities). The
City has adhered to these budgetary laws.
15. INDEPENDENT AUDIT
Eide Bailly, LLP, a firm of independent public accountants has
audíted the financial records, books of account and
transactions of the City for the fiscal year ended June 30, 2013,
and their opinion is included in the Financial
Section of this report. The financial statements are the
responsibility of the City. The responsibility of the
independent public accountants is to express an opinion on the
City's fínancial statements based on their audit. An
audit is conducted in accordance with U.S. generally accepted
auditing standards. Those standards require that
the audit be planned and performed in a manner to obtain a
reasonable assurance as to whether the financial
statements are free of material misstatement.
AWARDS
The Government Finance Officers Association of the United
States and Canada (GFOA) awarded a Certificate of
Achievement for Excellence in Financial Reporting to the City
of Cedar Falls for its comprehensive annual financial
report (CAFR) for the year ended June 30, 2012. The Certificate
of Achievement is a prestigious national award
recognizing conformance with the highest standards for
preparation of state and local government financial reports.
4
ln order to be awarded a Certificate of Achievement, a
government unit must publish an easily readable and
efficiently organized comprehensive annual financial report,
whose contents conform to program standards. The
16. CAFR must satisfy both accounting principles generally
accepted in the United States of America and applicable
legal requirements.
A Certificate of Achievement is valid for a period of one year
only. The City of Cedar Falls has received a
Certificate of Achievement for the last twenty-three consecutive
years (fiscal years ended 1990-2012). We believe
our current report continues to conform to the Certificate of
Achievement program requirements, and we are
submitting it to GFOA.
ACKNOWLEDGMENTS
The preparation of this report could not be accomplished
without the efficient and dedicated service of the entire
staff of the Finance/Public Records Division, particularly Lisa
Roeding, Deputy Finance Manager and Cathy
Niebergall, Financial Technician. Each member of the division
has my sincere appreciation for the contributions
made in the preparation of this report. I would also like to thank
the members of the City Council for their continued
interest and support in planning and conducting the financial
operations of the City in a responsible and prudent
manner.
Sincerely,
enbeck, CPA, CPFO
nce Manager/City Clerk
5
Unempl
17. ATTACHMENT A
Unemployment Rates
Cedar Falls, Waterloo, lowa & U.S.
Unemployment Rates
Gedar Falls, Waterloo, lowa & U.S.
9.00
8.00
7.00
c)
o)
o
c
c)o
L
o
fL
6.00
5.00
4.00
3.00
2.00
July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June
tCedarFalls +Waterloo +lowa +U.S.
20. 7.7
7.8
7.9
7.7
7.6
7.5
7.6
7.6
Average 3.5 6.2 5.0 7.8
Cedar Falls has consistently
remained below Waterloo and
the nation's unemployment
rates.
Historically Cedar Falls'
unemployment rate has closely
followed the State trends.
Cedar Falls is insulated from
many of the economic problems
in the Metro area due to a strong
service employment base
supported by UNI.
6
ATTACHMENT B
taxvaluel4
Taxable Valuations FY04-FY 14
City of Cedar Falls
3,000,000,000
22. FYlO
FY11
FY12
FY13
FY14
817,996,990
903,439,479
920,739,030
985,250,969
1 ,018,530,694
1,098,295,277
1 ,150,079,051
1 ,1 85,969,161
1,254,921,347
1,393,51 1,204
1,622,962,335
1,427,127,146
1,673,902,007
1,737 ,456,552
1,931 ,759,494
2,013,912,356
2,252,421,925
2,336,646,915
2,402,107,961
2,459,320,459
2,618,319,943
2,650,433,900
The last ten years have provided a
steady growth trend ín assessed
valuations. ln addition, FY08 was the first
year that assessed values exceeded
23. $2 billion and taxable values exceeded
$1 billion.
For FY14, assessed values increased
by $32,t 14,057. However, taxable
values increased by $229,35 1 ,191
due to the change in the residential
rollback factor to 52.82% for Fy14 and the
release of the TIF increment.
7
Citytaxr
900.00
800.00
700.00
600.00
500.00
400.00
300.00
200.00
Property Tax Per Capita (FY13)
20 Largest lowa Cities
ATTACHMENT C
24. Property Tax Per Gapita (FY13)
20 Largest Gities
WDM IC CR BE CB DA WA CL UR AN DI4 FD MC MA SC
CF AM MA DU BU
C¡ty
2010 Abbre-
Population viation
FYI3
Tax Per
Person
West Des Moines
lowa City
Cedar Rapids
Bettendorf
Council Bluffs
Davenport
Waterloo
Clinton
Urbandale
keny
Des Moines
Fort Dodge
Mason City
Marion
Sioux City
Cedar Falls
Ames
Marshalltown
Dubuque
27. For over two decades Cedar Falls' local
government has operated at one of the lowest per
capita property tax rates among the 20 largest
cities in lowa.
At a cost of $435.53 per person, the City is sub-
stantially below the average rate of $549.89. This
rate can be attributed to the City's concerted efforts
to streamline operations over the past 20 years.
lf the City of Cedar Falls operated at the state
average property tax per capita, an additional 4.S
million dollars would be devoted to operations.
This would be an increase of 26% of taxes levied
in FY13.
lncluded in Cedar Falls' population are university
students who live in campus housing and do not
pay property taxes. Thís results in an even greater
property tax burden on the citizens.
I
ATTACHMENT D
Full-Time Employees Per 1,000 Residents
Comparison of 20 Largest Cities
12
10
I
28. 6
4
oe 9ù o
"so
as
"$
Eo gù 9h .$Þ oQ (a & ow $*.$o$ o( È¡Þùe
City
FY12
Employees
2010
Population
Employees
Per 1,000
Cedar Rapids
Dubuque
lowa City
Mason City
Des Moines
Ames
Sioux City
Burlington
Davenport
Waterloo
Council Bluffs
Fort Dodge
Bettendorf
Clinton
31. 4.56
Average 7.30
Among the top twenty largest cities in the State of lowa, the
City of Cedar Falls
continues to have one of the lowest number of employees per
capita. The
pressures of new construction growth, road development, and
societal values
have placed greater demands on existing staff. ln the near
future, the City
Council wíll need to prioritize services or focus on key services
to address thé
over extension of City staff.
Cedar Falls city government
continued to have one of the
lowest number of employees
per 1,000 capita comparing
the top 20 largest cities.
Cedar Falls has 1.82
employees per 1,000 capita
less than the state average,
which is equivalent to 71
fewer fu ll{ime employees.
Employment reductions have
been implemented over the
last 10 years, which has
streamlined Cedar Falls'
employment.
9
32. Resalel2
ATTACHMENT E
The average sale price of residential properties in
Cedar Falls has grown by 35% between 2OO2- 2012
from $153,31 2 to $206,773.
However, in2O11 the average sale price declined slighfly
Average Residential Sales Price (Annual)
Cedar Falls, lowa
220,000
210,000
200,000
190,000
180,000
170,000
160,000
150,000
140,000
130,000
120,000
34. 197,576
206,773
Average 186,g3g
- 10 -
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Cedar FaIIs
fowa
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
June 30,2012
ØrtrÊtu-
Executive Director/CEO
-11 -
35. City of Cedar Falls, lowa
Organizational Chart
Operations and
Maintenance
Water
Reclamation
Public
Works
lnvestigat¡ons
School Reserve
Officer & Crossing
Guard Program
Police
Department
Patrol
Code Enforcement
lnspections
Suppression
Prevent¡on
Fire
Department
City Council
36. Mayor
Citizens of
Cedar Falls
Cultural Services
Library*
Parks
Recreation
Visitor & Tourism
Services
Community Ctr&
Senior Services
Human & Leisure
Services
Community
Services
Engineering
& Storm Water
lnspect¡on
Services
Planning and
Zoning
Developmental
37. Services
Legal Services
Finance/Public
Records & Parking
lnformation
Systems
Cable W
Administrative
Services
I
A
I)
t
city division org.doc
January 29,2013
Financial Services
*The Library is governed by the Library Board of Trustees'
which are appointed by the Mayor & City Council. The Library
is shown under the Human & Leisure Services Department
since that department is the Board's liaison.
City of Cedar Falls, lowa
Boards and Commissions
38. I
J
(¡)
I
Board of Electrical
Examiners
Comm Ctr & Senior
Services Board
Park & Recreation
Commission
Historic Preservation
Commission
Board of
Appeals
Civil Service
Commission
Library Board
of Trustees
Visitors & Tourism
Board
City
Council
Jon Crews
Mayor
39. Board of
Adjustment
Cedar Falls Health
Trust Board
Human Rights
Commission
Utilities Board
of Trustees
Art & Culture
Board
Board of Plumbing
Examiners
Housing
Commission
Planning & Zoning
Commission
Finance Division
January 25,2011City boards & commissions.doc
CITY OF CEDAR FALLS, ¡OWA
PRINCIPAL OFFICIALS
June 30,2013
Title
Mayor
40. Council Member- 1't Ward
Council Member - 2nd Ward
Council Member - 3'd Ward
Council Member - 4th Ward
Council Member- Sth Ward
Council Member - At Large
Council Member - At Large
Administrative Services Director
Developmental Services Director
Human & Leisure Services Director
Fire Chief
Police Chief
Public Works Director
City Attorney
Finance Manager/City Clerk
lnformation Systems Manager
Cable TV Manager
City Engineer
City Planner
Community Services Manager
lnspection Services Manager
Acting Cultural Services Manager
Recreation Division Manager
Visitors & Tourism Manager
Cedar Falls Public Library Director
Operations and Maintenance Manager
Water Reclamation Manager
Cedar Falls Utilities General Manager
Name
Jon Crews
Tom Hagarty
Susan deBuhr
John Runchey
Mare Madsen Schmidt
Frank Darrah
41. Nick Taíber
Dave Wieland
Richard L. McAlister
Ron Gaines
Mark Ripplinger
John Schilling
Jeff Olson
Bruce Sorensen
Steve Moore
Jennifer Rodenbeck
Laurene Saathoff
Denny Bowman
Randy Lorenzen
Marty Ryan
Robert Seymour
Craig Witry
Emily Drennen
Bruce Verink
Kimberly Manning
Sheryl McGovern
Brian Heath
Lyle Krueger
Jim Krieg
-14-
dar Falls
Visitor 8. Tourism Center
.¿>
EideBailly.
42. CPAs & BUSINESS ADVISORS
Independent Auditor's Report
To the Honorable Mayor and
Members of the City Council
City of Cedar Falls, Iowa
Report on the Financial Statements
We have audited the accompanying financial statements of the
governmental activities, the business-type
activities, the aggregate discretely presented component units,
each major fund, and the aggregate
remainingfundinformationoftheCityofCedarFalls,Iowaasofandfor
theyearended Jine30,2013,
and the related notes to the financial statements, which
collectively comprise the City's basic financial
statements as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair
presentation of these financial statements in
accordance with accounting principles generally accepted in the
United States of America;this includes
the design, implementation, and maintenance of internal control
relevant to the preparation and fair
presentation of financial statements that are free from material
misstatement, whether due to fraud or
e1Tor.
Auditor's Responsibility
Our responsibility is to express opinions on these financial
statements based on our audit. We did not
audit the financial statements of the Cedar Falls Utilities, which
represent the entire assets, net position,
43. and revenues of the aggregate discretely presented component
units. Those financial statements were
audited by other auditors whose report thereon has been
furnished to us, and our opinion, insofar as it
relates to the amounts included for the Cedar Falls Utilities, is
based on the report of the other auditors.
We conducted our audit in accordance with auditing standards
generally accepted in the United States of
America and the standards applicable to financial audits
contained in Government Auditing Standards,
issued by the Comptroller General of the United States. Those
standards require that we plan and perform
the audit to obtain reasonable assurance about whether the
financial statements are free from mateiial
misstatement.
An audit involves performing procedures to obtain audit
evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the
auditor's judgment, including the
assessment of the risks of material misstatement of the financial
statements, whether due to fiaud or error.
In making those risk assessments, the auditor considers intemal
control relevant to the entity's preparation
and fair presentation of the financial statements in order to
design audit procedures that ur" upprop.iate in
the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of thè-entìty,s
internal control. Accordingly, we express no such opinion. An
audit also includes evaluating the
appropriateness of accounting policies used and the
reasonableness of significant accounting estimates
made by management, as well as evaluating the overall
presentation of the financial statements.
l5
44. www.eidebqilly.com
3999PennsylvonioAve.,Ste 100 | Dubuque,lAS2oo2-2273 I
Tsó3.55ó t79o I Fs63.5577942 ) EoE
We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for
our audit opinions.
Opinions
In our opinion, based on our audit and the report of other
auditors, the financial statements referred to
above present fairly, in all material respects, the respective
financial position of the governmental
activities, the business-type activities, the aggregate discretely
presented component units, each major
fund, and the aggregate remaining fund information of the City
of Cedar Falls, Iowa, as of June 30,2013,
and the respective changes in financial position and, where,
applicable, cash flows thereof for the year
then ended in accordance with accounting principles generally
accepted in the United States of America.
Other Matters
Re quir e d Supp le me ntary Informat ion
Accounting principles generally accepted in the United States of
America require that the management's
discussion and analysis and the other required supplementary
information listed in the table of contents be
presented to supplement the basic financial statements. Such
information, although not a part of the basic
financial statements, is required by the Governmental
45. Accounting Standards Board, who considers it to be
an essential part of financial reporting for placing the basic
financial statements in an appropriate
operational, economic, or historical context. We have applied
certain limited procedures to the required
supplementary information in accordance with auditing
standards generally accepted in the United States
of America, which consisted of inquires of management about
the methods of preparing the information
and comparing the information for consistency with
management's responses to our inquires, the basic
financial statements, and other knowledge we obtained during
our audit of the basic financial statements.
We do not express an opinion or provide any assurance on the
information because the limited procedures
do not provide us with sufficient evidence to express an opinion
or provide any assurance.
Other Inþrmation
Our audit was conducted for the purpose of forming opinions on
the financial statements that collectively
compromise the City of Cedar Falls, Iowa's financial
statements. The introductory section, combining
nonmajor fund financial statements, capital asset schedules, and
statistical section are presented for
purposes of additional analysis and are not a required part of the
financial statements.
The combining nonmajor fund financial statements and capital
asset schedules are the responsibility of
management and were derived from and relate directly to the
underlying accounting and other records
used to prepare the basic financial statements. Such information
has been subjected to the auditing
procedures applied in the audit of the basic financial statements
46. and certain additional procedures,
including comparing and reconciling such information directly
to the underlying accounting and other
records used to prepare the basic financial statements or to the
basic financial statements themselves, and
other additional procedures in accordance with auditing
standards generally accepted in the United States
of America. In our opinion, the combining nonmajor fund
financial statements and capital asset schedules
are fairly stated, in all material respects, in relation to the basic
financial statements as a whole.
The introductory and statistical sections have not been
subjected to the auditing procedures applied in the
audit of the basic financial statements and, accordingly, we do
not express an opinion or provide any
assurance on them.
l6
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have
also issued a report, under separate cover,
dated September 27,2013, on our consideration of the City of
Cedar Falls, Iowa's internal control over
financial reporting and on our tests of its compliance with
certain provisions of laws, regulations,
contracts, grant agreements, and other matters. The purpose of
that report is to describe the scope of our
testing of intemal control over financial reporting and
compliance and the results of that testing, and not
to provide an opinion on the intemal control over financial
reporting or on compliance.
47. õ*,4 z¿/
Dubuque, Iowa
September 27,2013
I7
MANAGEMENT'S DISCUSSION AND ANALYSIS
Our discussion and analysis of the City of Cedar Falls' financial
performance provides an overview of the City's
financial activities for the fiscal year ended June 30, 2013.
Please read it in conjunction with the transmittal letter
found on pages 1 - 10 of this report.
2013 FINANCIAL H¡GHLIGHTS
year 2013. Property taxes increased $893,816 for all activities.
from fiscal year 2012. Public Safety expenses increased by
$t,029,534 and Public Works expenses
decreased by $1,061,71 0.
amount, the net position of the governmental activities
increased by $8,113,574 and the net position of the
business-type activities increased by $3,804,534.
USING THIS ANNUAL REPORT
The annual report consists of a series of financial statements
and other information as follows:
o Management's Discussion and Analysis introduces the basic
financial statements and provides an analytical
overview of the City's fínancial activities.
48. o Government-wide Financial Statements consist of a Statement
of Net Position and a Statement of Activities.
These provide ínformation about the activities of the City as a
whole and present an overall view of the City's
finances.
The Fund Financial Statements tell how governmental activities
were financed in the short term as well as
what remains for future spending. Fund fínancial statements
report the City's operations in more detail than
the government-wíde statements by providing information about
the City's most significant funds.
Notes to Financial Statements provide additional information
essential to a full understanding of the data
provided in the basic financial statements.
Required Supplementary lnformation further explains and
supports the financial statements with a comparison
of the City's budget for the year.
Other Supplementary lnformation provides detailed information
about the nonmajor Special Revenue and
Capital Projects Funds and the lnternal Service Funds.
REPORTING THE CITY'S FINANCIAL ACTIV¡TIES
Government-wide Financial Statements
One of the most important questions asked about the City's
finances is, "ls the City of Cedar Falls in a better financial
position at the end of the fiscal year, compared to last year?"
The Statement of Net Position and the Statement of
Activities report information about the City as a whole and
about its activities in a way that helps answer this question.
49. These statements include all assets and liabilities using the
accrual basis of accounting, which is similar to the
a
a
a
a
-18-
accounting used by most private-sector companies. All of the
current year's revenues and expenses are taken into
account regardless of when cash is received or paid.
The Statement of Net Position presents all of the City's assets
and liabilities, with the difference between the two
reported as "net position". Over time, increases or decreases in
the City's net position are one indicator of whether its
financial health is improving or deteriorating. A person will
need to consider other non-financial factors, however, such
as changes in the City's property tax base and the condition of
the City's infrastructure, to assess the overall health of
the City.
The Statement of Activities presents information showing how
the City's net position changed during the most recent
fiscal year. All changes in net position are reported as soon as
the change occurs, regardless of the timing of related
cash flows. Thus, revenues and expenses are reported in this
statement for some items that will not result in cash
flows untilfuture fiscal periods.
50. The Statement of Net Position and the Statement of Activities
report two kinds of activities:
. Governmental activities - Most of the City's basic services are
reported here, including the general
administration, streets, fire, police, parks, recreation, library,
and housing and block grant assistance. Property
taxes, local option sales taxes, road use taxes, and federal and
state grants finance most of these activities.
¡ Business-type activities - The City of Cedar Falls charges a
fee to customers to help it cover all or most of the
cost of certain services it provides. The City's sewer, refuse,
and storm water are reported in this section.
The Government-wide financial statements can be found on
pages 31 - 34 of this report.
Fund Financial Statements
The Fund financial statements provide detailed information
about the most significant funds, not the City as a whole.
Some funds are required to be established by State law or by
bond requirements. The City has two kinds of funds:
. Governmental Funds - Most of the City's basic services are
reported in governmental funds, which focus on
how money flows into and out of these funds and the balances
left at year-end that are available for spending.
These funds are reported using an accounting method called the
"modified accrual basis" of accounting, which
measures cash and all other financial assets that can readily be
converted to cash. The governmental fund
statements provide a detailed short-term view of the City's
general government operations and the basic
51. services it provides. Governmental fund information helps you
determine whether there are more or fewer
financial resources that can be spent in the near future to
finance City programs.
The required financial statements for governmental funds
include a balance sheet and a statement of
revenues, expenditures, and changes in fund balances. We
describe the relationship between governmental
activities (reported in the Statement of Net Position and the
Statement of Activities) and governmental funds in
a reconciliation at the bottom of the fund financial statements.
The City maintains 21 individual governmentalfunds.
lnformation is presented separately in the governmental
fund balance sheet and in the governmental fund statement of
revenues, expenditures, and changes in fund
balance for the General Fund, Hospital Fund, TIF Fund, Street
Repair Fund, Street Construction Fund, Debt
Service Fund, FEMA Fund, and Bond Fund, all of which are
considered to be major funds. Data from the
. other twelve governmentalfunds are combined into a single,
aggregated presentation. lndividual fund data for
each of these non-major governmental funds is provided in the
form of combining statements located in the
supplementary information section of this report.
Ïhe basic Governmental Fund Financial Statements can be found
on pages 35 - 39 of this report.
-19-
a Proprietary Funds - When the City charges customers for the
52. service it provides, these services are generally
reported in proprietary funds. The City maintains two different
types of proprietary funds. Enterprise funds are
used to report the same functions presented as businessìype
activities in the government-wide financial
statements. The City uses enterprise funds to account for its
sewer, refuse and storm water activities.
lnternal Service Funds are used to accumulate and allocate costs
internally. The City uses internal service
funds for its information systems, vehicle maintenance, and
various risk management activities. Because
these services predominantly benefit governmental rather than
business-type functions, they have been
included within governmental activities in the government-wide
financial statements.
Proprietary funds provide the same information as the
government-wide financial statements, only in more
detail. The proprietary fund financial statements provide
separate information for the Sewer Fund, Refuse
Fund, and Storm Water Fund, all of which are considered major
funds. lnternal Service Funds are combined
into a single, aggregated presentation in the proprietary fund
financial statements. lndividual fund data for
internal service funds is provided in the form of combining
statements located in the supplementary
information section of this report.
The basic Proprietary Fund Financial Statements can be found
on pages 40 - 45 of this report.
-20 -
53. GOVERNMENT.WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful
indicator of financial position. The analysis that follows
focuses on the change in the net position for governmental and
business-type activities.
Governmental activities Business-type activities Total
2013 2012 2013 2012 2013 2012
g 107,527,954 $
163,936,827
106,608,386 $
162,574,422
(4,381,386) $
83,715,207
1,255,950 $
74,092,070
103,146,568
247,652,034
$ 107,864,336
236,666,492
Current and
other assets
54. Capital assets
Total assets
Long-term debt
Other liabilities
Total liabilities
271,464,781
8,622,236 $
28,488,990
269,182,808
11,345,500 $
31,597,327
79,333,821
3,152,973 $
2,114,941
75,348,020
3,763,871 $
1,322,776
$
56. 50,704,056
79,677,940 $
9,500
(5,621,533)
70,328,202 $
9,500
(76,32s)
234,992.531
24,159,807
49,267,124
s 221,458,299
24,415,328
50,627,727
Total net position $ 234,353,555 $ 226,235,981 $ 74,065,907 $
70,261,373 $ 308,419,462 $ 296,s01,3S4
Net position of governmental activities increased from FY12 by
approximately $A.t million, or 3.59%. This increase
was due primarily to the continued strength of the property tax
base and the small amount of general obligation debt
outstanding by the City. Net position of business-type activities
increased from FY12by approximately $g.g million, or
5.41%. This increase was due to new assets constructed or being
constructed. These assets include the new Public
57. Works complex, the disinfection project and the Bluff Street
liftstation. ln addition, this was the seventh year that storm
water fees were collected. The largest portion of the City's net
position is the net investment in capital assets (e.g.,
land, infrastructure, buildings, and equipment). The debt related
to the investment in capital assets is liquidated with
sources other than capital assets. Restricted net position
represent resources that are subject to external restrictions,
bond covenants, constitutional provisions or enabling
legislation on how they can be used. Unrestricted net position,
the part of net position that can be used to finance day{o-day
operations are approximately $49 million at the end of
the year.
-21 -
For the year ended June 30, 2013, net position changed as
follows
Governmental Activities Business e Activities Total
2013 2012 2013 2012 2013 2012
Revenues
Program Revenues
Charges for
servrces
Operating grants
and contributions
58. Capital grants and
contributío ns
General Revenues
Property taxes
Local Option Sales Tax
Hotel/Motel Tax & Other
Use of money and
property
lntergovernm ental
Miscellaneous
Gain on Sale of assets
Utility contribution
Total revenues
Expenses
Public safety
Public works
Health and social
servrces
59. Culture and
recreation
Community and
economrc
development
General government
Debt service
Sewer
Refuse
Storm Water
Total expenses
$ 4,911,766 $ 5,099,756$ 8,461,470$ 8,469,215$ 13,373,236$
13,568,971
2,098,639 1 ,695,1 1 7 2,098,639 1,695,117
6,479,932 1 1,529,905 577,411 140,450 7,O57,343 1 1 ,670,355
24,695,940
4,793,027
7 51,577
64. 2,093,516 $
8, 91 9,1 54
11,918,108 $ 16,742,758
9,154)
lncrease in net position
before transfers
ïransfers
lncrease in net position
Net position, beginning
Net position, ending
8,113,574 $
226,239,981
5,730J28 $
220,509,853
3,804,534 $
70,261,373
11,012,670 $
59,248,703
11,91 8,108 $
296,501,354
65. 16,742,798
279,758,556
$
$ 74,065,907 $ 70,261,373$ 234,353,555 $ 226,239,981
22
$ 308,419,462 $ 296,501,354
Property taxes increased by approximately $893,000 from FY12
due to increased taxable valuations. FEMA grants for
property buyouts related to the 2008 Flood received in FY12,
caused capital grants and contributions to decreasefor
FY1 3.
INDIVIDUAL MAJOR FUND ANALYSIS
Governmental Fund Highlights
As of the end of the current fiscal year, the City's governmental
funds reported combined ending fund balances of
$64,696,852. $548,225 is nonspendable for inventory.
$25,435,109 is restricted for TlF, debt service, road use tax
funds, local option sales tax, employee retirement systems, bond
proceeds and various grants. $16,551,115 is
committed for the City's health trust fund and parking fund.
$16,376,887 is assigned for recreational capital funds,
police forfeiture funds, economic development and capital
improvements. Thís leaves $5,785,516 for unassigned fund
balances in the governmental funds.
66. The Governmental fund balances increased by $4,880,073, or
8.160/0. This increase was due in part to the increase in
the FEMA Fund.
The General Fund is the chief operating fund of the City of
Cedar Falls. At the end of the current fiscal year,
unassigned fund balance of the General Fund was $6,978,807,
while the total fund balance totaled $9,037,503. As a
measure of the General Funds liquidity, it may be useful to
compare both unreserved fund balances and total fund
balances to total fund expenditures. Unassigned fund balance
represents 33.51% of the total General Fund
expenditures, while the total fund balance represents 43.39% of
that same amount.
The following fund balances in the other major funds, which
comprise the Total Governmental Funds are listed below:
FY13 FY12 lncrease
Amount Amount (Decrease)
Hospital Fund
TIF Fund
Street Repair Fund
Street Construction Fund
Debt Service Fund
FEMA Fund
Bond Fund
Other Governmental Funds
68. 5,121,413
261,976
(4,278,871)
(48,808)
20,846,343
The FEMA Fund had the largest increase in fund balance due to
the reimbursements received for projects related to
the 2008 Flood.
The Street Repair Fund had a decrease in fund balance due to
many projects being able to be completed during FY13
The Hospital Fund had an increase in fund balance due to the
fewer projects being funded by the Health Trust Board
The Street Construction Fund had an increase in fund balance
due to the increase in road use taxes received. Road
use tax funds have increased due to the population increase in
Cedar Falls which causes the formula to be revised.
23
The Bond Fund had a decrease in fund balance due to bond
proceeds received in prior years being spent out on
various projects.
The Other Governmental Funds had an increase in fund balance
due to the increase in the Capital lmprovements
Fund. This increase was the result of the Fund being paid back
69. for cashflowing various Capital Projects.
-24 -
The following schedule presents a summary of the governmental
fund revenues for the fiscal year ended June 30,
2013 and June 30, 2012.
Revenues
FY13
Amount
Percent
of Total
FY12
Amount
lncrease
(Decrease)
from FY12
Percent of
lncrease
(Decrease)
Property taxes and
assessments
Other city taxes
70. Licenses and permits
Use of money and property
lntergovernm ental
Charges for services
Fines and forfeitures
Miscellaneous
Utility contribution in lieu of
taxes
$ 24,696,783
5,519,022
1 ,076 ,1 86
1,268,202
12,599,954
3,386,415
449j65
1 ,358,192
$ 23,766,846
5,755,920
1 ,162,401
1,275,402
18,920,930
72. 2.61
16.89 %
(4.30)
(1.57)
(0.13)
(114.82)
(2.20)
0.35
5.56
0.221,637,000 3.16 1,625,000
$ 51,990,919 100.00 % 57,496,119 _q_(5,50529q_ j_qo.oo %_
The most significant decrease in revenues was in
intergovernmental. The decrease was due to the receipt of
FEMA
disaster assistance payments and IJOBS grant revenues for the
new Public Works Complex in FY12. The most
significant increase was in property taxes. The increase was due
to increased property tax valuation due to the
change in the residential rollback factor.
Governmental Revenues
FY13
Other City Taxes
10.620/o
73. Licenses & Permits
2.07%
Use of Money &
Property
2.44o/o
Property Taxes
47.50%
Utility Contributions
3j6%
Fines & Forfeitures
0.86%
lntergovernmental
24.23%
Charges for Services
6.51%
Miscellaneous
2.61o/o
-25 -
The following schedule presents a summary of governmental
expenditures for the fiscal years ended June 30, 2013
and June 30,2012.
Public Safety
Public Works
74. Health & Social Services
Culture & Recreation
Cummunity and Economic
Development
General Government
Debt Service
Capital Projects
$ 8,999,942
10,089,252
172,284
6,449,626
2,646,490
4,684,063
2,956,009
9,544,629
Expenditures
FY13
Amount
Percent
77. (3.34)
(34.e5)
(67.05)
$
$ 45,542,295 100.00 % $ 48,295,538 $ (2,753,243) 100.00 %
The most significant decrease in expenditures occurred in the
capital projects function. This was due to several
projects occurring during FY12, including disaster recovery
expenditures.
The most significant increase in expenditures occurred in Public
Safety. This was due to increased pension costs as
set by the State of lowa.
Governrnental Expend itures
FY13
Capital Projects
20.960/o
Debt Service
6.49o/o
General Govemment
10.29o/o
Community and
Economic
Development
5.81o/o
78. Public Safety
19.760/o
Public Works
22.15o/o
Culture and
Recreation
14.160/o
Health & Social
Services
0.38%
-26 -
Proprietary Funds
City of Cedar Falls proprietary funds provide the same type of
information found in the government-wide financial
statements, but in more detail.
Net position of the Sewer, Refuse and Storm Water funds at the
end of the year amounted to $74,065,907. There are
net position in the Governmental Activities lnternal Service
fund of $15,126,691 .
These funds were established for the City operations that are
financed and operated in a manner similar to private
business enterprises. The cost of providing the services to the
general public is recovered, in whole or in part, through
user charges.
79. The City's enterprise operations are comprised of three separate
and distinct activities: Sewer, Refuse and Storm
Water. Results of operations for these funds for the years ended
June 30, 2013 and June 30, 2012 are as follows:
Sewer Refuse Storm Water
2013 2012 2013 2012 2013 2012
Operating Revenues
Operating Expenses
Non-Operating Rev (Exp)
CapitalContributions
O perating Transfers, net
Change in Net Position
4,574,181 $
3,208,163
(387,334)
178,978
1,633,090
2,790,752
$ 2,996,396
2,770,264
9,712
$ 3,328,306 $
81. 6,68 5
62,970
(252,351)
(78,701)
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
0
Proprietary Fund Operating Revenues & Expenses
FYI3
I
Sewer Refuse Storm Water
I Operating Revenue ü Operating Expenses
BUDGETARY HIGHLIGHTS
Over the course of the year, the City Council revised the budget
two times. These amendments were done in January
and May 2013. The amendments were needed due to the City's
participation in the Jumpstart, Buyout, Demolition,
and Public Assistance Federal & State Programs. At the end of
82. the year, the City did not exceed the amended
budgeted amounts in any of its functions.
27
CAP¡TAL ASSET AND DEBT ADMINISTRATION
CapitalAssets
At the end of June 30, 2013, the City had approximately $Z¿g
million invested in capital assets including police and fire
equipment, public buildings, park facilities, roads, bike trails,
bridges, water treatment facilities, sanitary sewer lines,
and storm water improvements. (See Table following.) This
represents a net increase of approximately 911 million or
4.64% over last year.
City of Cedar Falts Capital Assets
(net of depreciation)
Gove rnm enta I activities Business activities Total
2013 2012 2013 2012 2013 2012
Land
Buildings
lmprovements
other than
buildings
Machinery and
84. 11,999,100
121,184,936
12,412,744
117,782,974
11,425,467 12,264,028 27,958,970 17,725,246 39,384,437
29,989,274
Total $ 163,936,S27 $ 162,574,422 $ 83,715,207 ç 74,092,070 $
247,652,034 $ 236,666,492
Major capital asset events during the current fiscal year
included the following:
. Hwy 58 Pedestrian Bridge.
. Bluff Street Liftstation.
o Northern lndustrial Park.
. Ridgeway Avenue.
o TreatmentFacilityDisinfection.
More detailed information about the city's capital assets is
presented
statements.
tn Note 3 to the financial
Capital Assets Net of Depreciation
Land
12.310/o
Construction ln Progress
85. 15.90%
Buildings
14.70Yo
lmprovements
3.31Yo
Machinery & Equipment
4.85%lnfrastructure
48.93Yo
-28 -
Debt
Atyear-
end,theCityhad$11,610,000ínoutstandingbondscomparedto$14,9
10,000¡astyear. Thatisadecreaseof
$3,300,000 or 22.13%.
Gity of Cedar Falls Outstanding Debt
General Obligation Debt
Govem rnental activities Total
2013 2012 2013 2012
Business-type activities
2013 2012
General obligation
86. bonds $
Tax increment
financing
Capital loan notes
1,125,000
10,210,000
$ $ 2,335,000 $ 2,755,000 $ 2,æ5,000 $ 2,755,000
575,000
8,075,000 625,000 920,000
575,000
8,700,000
1,125,000
11,030,000
Total $ 8,650,000 $ 11,335,000 $ 2,960,000 $ 3,575,000 $
11,610,000 $ 14,910,000
The City of Cedar Falls was upgraded to a Aa1 rating from
Moody's lnvestor Services for all general obligation
issuances. This was a result of Moody's recalibrating their U.S.
municipal rating scale.
State statutes limit the amount of general obligation debt a
government entity may issue to 5% of its total assessed
valuation. As of June 30, 2013, the City's legal debt margin was
$1 19,762,511 .
87. More detailed information about the City's long-term debt is
presented in Note 3 to the financial statements.
Gity of Cedar Falls Outstanding Debt
FY13
CapitalLoan Notes
75o/o
GO Bonds
20To
TIF Bonds
5%
-29-
ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS AND
RATES
During the state legislative session in 2004, the legislature
permanently eliminated certain state funding to local
governments starting with FY2005 and will continue in all
future years. This along with the continuation of the state
rollback on residential properties greatly affects the City's
general operating fund.
Even with the State reductions, the City Council did establish a
balanced budget in the General Fund for Fyj4. The
tax levy rate per $1,000 of taxable valuation for FY14 is
provided below:
$ 8.10
88. 2.76
.56
.21
.27
.10
.00
.02
$ 12.02
REQUESTS FOR INFORMATION
This financial report is designed to provide our citizens,
taxpayers, customers and creditors with a general overview of
the City's finances and to show the City's accountability for the
money it receives. The City's discretely presented
component units, Cedar Falls Utilities, have separately issued
financial statements. lf you have questions about this
report or need additional information, contact the Department of
Administrative Services, 220 Clay Street, Cedar Falls,
lowa 50613.
General levy
Trust and Agency levy
Debt Service levy
Transit levy
89. Library levy
Liability lnsurance levy
Emergency Management levy
Municipal Band levy
Total levy
30-
dar Falls
The Falls Aquatic Center
dar Falls
Veteran's Memorial
Park
CiÇ of Gedar Falls, lowa
Statement of Net Position
June 30, 2013
Primarv Government
ASSETS
Cash
Certificates of Deposit
90. Receivables, net of allowance for uncollectible amounts:
Property taxes
Other city taxes
Accrued interest
Special assessments
Notes from associated company
Customers
Human & Leisure services contributions
Other
Due from component unit
lnternal balances
Due from other governments
lnventories
Prepaids and other assets
Restricted assets:
Cash
Certificates of deposit
US government and agency securities
Capital assets:
Land
Land improvements
Buildings
Machinery and equipment
lnfrastructure
Construction in progress
Accum ulated depreciation
Total assets
LIABILITIES
Accounts payable
Accrued liabilities
91. Due to primary government
Note payable to associated company
Unearned revenue
Long-term liabilities:
Portion due or payable within one year:
Bonds payable
Compensated absences
Portion due or payable after one year:
Bonds payable
Compensated absences
Net OPEB liability
Total liabilities
NET POSITION
Net investment in capital assets
Restricted:
Streets
Debt service
Em ployee retirement system
TIF
Post closure costs
Unrestricted
Total net position
$ 61 ,017,101 S 9,732,421
21,855J75
979,860
64,720
44,163
100. I 20852,
3 912 673
32-
City of Cedar Falls, lowa
Statement of Activities
For the Year Ended June 30, 2013
Proqram Revenues
Functions/Programs
Primary government:
Governmental activities:
Public safety
Public works
Health and social services
Culture and recreation
Community and economic development
General government
lnterest on long{erm debt and related fees
Total governmental activities
101. Business-Çpe activities:
Sewer
Refuse
Storm Water
Total business-type activities
Total primary government
Component units
Electric Utility
Gas Utility
Water Utility
Communications Utility
Total component units
Expenses
Charges for
Services
Operating
Grants and
Contributions
Capital
104. 3,91 8,126
14,574,001
$ $ $ 4,528,905
570,795
877,513
482,690
$ 81.142.306 $ $ 6,459,903
General revenues:
Property taxes and assessments
Local option sales tax
Hotel/motel taxes
Other c¡ty taxes
Use of money and property
lntergovernmental, not restricted to specific programs
Miscellaneous
Utility contribution in lieu of taxes
Transfers
Total general revenues and kansfers
Change in net position
105. Net position - beginning
Net position - ending
See notes to financial statements
-33-
Net (Exoense) Revenue and Chanqes in net oosition
Units
Governmental
Activities Activities
Electric
Total Utit¡ty
Gas Water Communications
Ut¡lityU
$ (8,645,342) $
(5,225,044)
(320,864)
(4,514,483)
(6,777,774)
(3,257,8421
e28.173
$ (8,645,342)
109. -34 -
$
Gity of Cedar Falls, lowa
Balance Sheet
Governmental Funds
June 30, 2013
Special Revenue
General
Fund
Hospital
Fund
TIF
Fund
Street
Repair
Fund
ASSETS
Cash
Receivables, net of allowance
for uncollectible amounts:
Property taxes
110. Other city taxes
Accrued interest
Special assessments
Human & Leisure services contributions
Other
Due from component unit
Due from other funds
Advance to other funds
Due from other governments
lnventories
Total assets
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts payable
Accrued liabilities
Unavailable revenue
Due to other funds
Total liabilities
FUND BALANCES
Nonspendable
Restricted
Committed
Assigned
Unassigned
Total fund balances
Total liabilities and fund balances
$ 8,387,522 g 4,449,430 $
112. $ 22,217,645 $ 529,038 $ 2,030,087 $ 7s6,505
12,609,671
$ 9,037,503 $ 15.718 ,851 $ 15,435 $ 12,609,671
$sl 148 $ r6,247,889 $ 2.045.522
Amounts reported for governmental activities in the statement
of net assets are different because:
Capital assets used in governmental activities are not financial
resources and, therefore, are not reported in the funds.
Other long-term assets are not available to pay for current-
period expenditures and, therefore, are deferred in the funds.
lnternal service funds are used by management to charge the
costs of fleet management, management information
systems and risk management activities to individual funds. The
assets and liabilities of the internal service funds
are included in governmental activities in the statement of net
position.
Accrued interest payable is not due and payable in the current
period and, therefore, is not
reported in the funds.
Accrued compensated absences and other postemployment
benefits, are not due and payable in the current period and,
therefore, are not reported in the funds.
Bonds payable are not due and payable in the current period
and, therefore, are not reported in the funds.
Net position of governmental activities
241,612
1,817,084
113. 6,978,807
15,718,851
15,435
$l 176
See notes to financial statements
-35-
Special Revenue
Street
Construction
Fund
Capital Projects
Debt
Service
Fund
FEMA
Fund
Bond
Fund
Other
Governmental
Funds
117. City of Gedar Falls, lowa
statement of Revenues, Expenditures, and changes in Fund
Balances
Governmental Funds
For the Year Ended June 30, 2013
Special Revenue
General
Fund
Hospital
Fund
TIF
Fund
Street
Repair
Fund
Revenues:
Property taxes and assessments
Other city taxes
Licenses and permits
Use of money and property
lntergovernmental
Charges for services
Fines and forfeitures
Miscellaneous
Utility contribution in lieu of taxes
118. Total revenues
Expenditures:
Current:
Public safety
Public works
Health and social services
Culture and recreation
Community and economic development
General government
Debt service
Capital projects
Total expenditures
Excess (deficiency) of revenues over
(under) expenditures
Other financing sources (uses):
Transfers:
Transfers in
Transfers out
Total other financing sources (uses)
Net change ín fund balances
Fund balances, beginning
lncrease (decrease) in reserve for inventories
Fund balances, ending
$ 22,802,718 $ 601,464 $ 7.6 79,979 $ 5.455
121. 13,671,249
$ 9,037,503
See notes to financial statements
-37 -
$ r 5,718,351 s 15,435 $ 12. 609,671
Special Revenue
Street
Construction
Fund
Capital Proiects
Debt
Service
Fund
FEMA
Fund
Bond
Fund
Other
Governmental
Funds
Total
125. 2,652
59,816,779
110,624
56,970
261,876
1,308,633 g 4,769,449
318,846 $ (529,170) $$ 6,012/76 $
-38
688) $ 22,t57,628 $ ,852
Net change in fund balances - total governmental funds
Amounts reported for governmental activities in the statement
of activities are
different because:
Government funds report capital outlays as expenditures while
governmental activities report depreciation expense to allocate
those
expenditures overthe life of the assets. capital ouflay
expenditures
exceeded depreciation expense in the current year, as follows:
Net acquisition of capital assets
Depreciation expense
Because some revenues will not be collected for several months
126. after the
City's year end, they are not considered available revenues and
are
deferred in the governmentalfunds, as follows:
Other
Proceeds from issuing long-term liabilities provide current
financial
resources to governmental funds, but issuing debt increases
long-term
liabilities in the Statement of net posítion. Repayment of long-
term
liabilities is an expenditure in the governmental funds, but the
repayment
reduces long-term liabilities in the Statement of net position.
current year
repayments exceeded issues, as follows:
Discount on general obligation bonds
Repaid
Accrued interest
some expenses 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, as follows:
Compensated absences
Other postemployment benefìts
Change in inventory
lnternal service funds are used by management to charge the
costs of
fleet management, management information systems and risk
127. management activities to individual funds. The net revenue of
certaín
activities of internal service funds is reported with
governmental activities
Change in net position of governmental activities
City of Gedar Falls, lowa
Reconciliation of the Statement of Revenues, Expenditures, and
Changes in Fund Balances -
Governmental Funds to the Statement of Activities
For the Year Ended June 30, 2013
8,392,833
16. 795,933)
1 926
38,262
2,685,000
4 572
1,194
(67,810)
110,623
$ +,t69,449
1,596,900
(183,926)
2,727,834
128. 44,007
(840,6e0)
See notes to financial statements
-39-
$ 8,113.574
City of Gedar Falls, lowa
Statement of Net Position
Proprietary Funds
June 30, 2013
ASSETS
Current assets:
Cash
Receivables, net of allowance
for uncollectible amounts:
Accrued interest
Other
lnventories
Total current assets
Noncurrent assets:
Capital assets:
129. Land
Buildings
Machinery and equipment
lnfrastructure
Construction in progress
Accu mulated depreciation
Total noncurrent assets
Totalassets
LIABILITIES
Current liabilities:
Accounts payable
Accrued liabilities
Bonds payable - due within one year
Compensated absences - due within one year
Total current liabilities
Noncurrent liabilities:
Bonds payable- after one year
Advance from other funds
Compensated absences - after one year
Total noncurrent liabilities
Total liabilities
NET POSITION
Net investment in capital assets
Restricted for post closure costs
Unrestricted
Total net position
135. 1 437 121
$ 15,126,691
-41 -
City of Cedar Falls, lowa
statement of Revenues, Expenses, and changes in Fund Net
position
Proprietary Funds
Forthe Year Ended June 30,2013
Business-type Activities -
Enterprise Funds
Sewer Fund Refuse Fund
Operating revenues:
Charges for services
Other
Total operating revenues
Operating expenses:
Personal services
Contractual services
Supplies and equipment
Depreciation
Total operating expenses
Operating income
Nonoperating revenues (expenses):
136. lnterest revenue
lnterest expense
Gain (loss) on disposal of equipment
Nonoperating revenues (expenses), net
lncome before contributions and transfers
Capital contributions
Transfers in
Transfers out
Contributions and transfers, net
Change in net position
Net position, beginning
Net position, ending
$ 4,572,082
2,099
$ 2,4s0,482
545,914
181 $ 2,996,3964 574
$ 1,192,506
782,117
279,469
954,072
$ 1,128,444
1,140,222
140. $ 15,126,691$ 14,001,099 065
-43-
City of Cedar Falls, lowa
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30,2019
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers and users
Receipts from interfund services
Payments to suppliers
Payments to employees
Net cash provided by operating activities
CASH FLOWS FROM NONCAPITAL FINANCING
ACTIVITIES
Transfers from other funds
Transfers to other funds
Net cash provided by (used for) noncapital financing activities
CASH FLOWS FROM CAPITAL AND RELATED FINANCING
ACTIVITIES
Net acquisition of property and equipment
Capital contributions
Advance from other funds
Principal paid on debt maturities
Payments on advance from other funds
lnterest paid
141. Net cash (used for) capital and related financíng activities
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received on investments
Net increase (decrease) in cash
CASH BALANCES, Beginning
CASH BALANCES, Ending
Reconciliation of operating income to net cash provided by
operating activities:
Operating income (loss)
Adjustments to reconcile operating income
to net cash provided by operating activities:
Depreciation
Change in assets and liabilities:
(lncrease) decrease in:
Customer and other receivables
lnventories
lncrease (decrease) in accounts payable, accrued and other
liabilities
Net cash provided by operating activities
See notes to financial statements
Business-type
Activities -
Enterprise Funds
Sewer
Fund
146. 233,249
(92,015)
396 851
$ $ 4,144,609 $593 532 $ 557,131
-45-
257,113
dar Falls
Oveffnan Park
NOTE I
NOTE 2
CITY OF CEDAR FALLS, ¡OWA
NOTES TO FINANCIAL STATEMENTS
INDEX
SUMMARY OF SIGN¡FICANT ACCOUNTING POLICIES
A. Reporting Entity
B. Government-wideand Fund FinancialStatements
C. Measurement Focus, Basis of Accounting, and Financial
Statement Presentation
D. Assets, Liabilities, and Net position or Equity
STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
147. A. Budgetarylnformation
B. Deficit Fund Balances
NOTE 3. DETA¡L NOTES ON ALL FUNDS
A. Deposits and lnvestments
B. Receivable
C. CapitalAssets
D. Leases
E. Long{erm Debt
F. Long-termLiabilities
G. lnterfund Balances
H. lnterfundTransactions
NOTE 4. OTHER NOTES
A. Retirement Systems
B. Due To/From Component Unit
C. Related Party Transactions
D. Risk Management
E. Commitments and Contingencies
F. New GovernmentalAccounting Standards Board (GASB)
Standards
-46-
Note 1 Summary of Significant Accounting Policies
Reporting Entity
The City of Cedar Falls is a municipal corporation governed by
an elected mayor and seven-member
council. As required by accounting principles generally
148. accepted in the United States of America,
these financial statements present the City and its component
units, entities for which the City is
considered to be financially accountable. The discretely
presented component units are reported in a
separate column in the combined financial statements to
emphasize that they are legally separate
from the City. The discretely presented electric, gas, water, and
communications utilities each have a
December 31 year end.
Discretely Presented Component Unls. The electric, gas, water,
and communications utilities serve
all the citizens of the City and are governed by a five-member
board appointed by the mayor of the
City of Cedar Falls. The rates for user charges and bond
issuance authorizations are approved by the
City Council, and the legal liability for the general obligation
portion of the Utilities' debt remains with
the City.
Complete financial statements for the Utilities may be obtained
at the administrative offices
Cedar Falls Utilities
Utility Parkway
Cedar Falls, lowa 50613
Jointly Governed Organizations. The City also participates in
several jointly governed organizations
for which the City is not financially accountable or that the
nature and significance of the relationship
with the City are such that exclusion does not cause the City's
financial statements to be misleading or
incomplete. City officials are members of the following boards
and commissions: Black Hawk County
Consolidated Public Safety Communications Center, Black
149. Hawk County Solid Waste Management
Commission, Black Hawk County Criminal Justice lnformation
Systems and Metropolitan Transit
Authority.
Government-wide and Fund Financial Statements
The government-wide financial statements (i.e., the statement of
net position and the statement of
activities) report information on all of the activities of the
primary government and its component uníts.
For the most part, the effect of interfund activity has been
removed from these statements.
Governmental activities, which normally are supported by taxes
and intergovernmental revenues, are
reported separately from business{ype activities, which rely to a
significant extent on fees and
charges for support. Likewise, the primary government is
reported separately from certain legally
separate component units for which the primary government is
financially accountable.
The statement of net position presents the assets and liabilities,
with the difference reported as net
position. Net position are reported in three categories.
Net investment in capital assefs consists of capital assets, net of
accumulated depreciation and
reduced by outstanding balances for bonds, notes, and other
debt that are attributed to the
acquisition, construction, or improvement of those assets.
Restricted net position result when constraints placed on net
asset use are either externally
imposed or imposed by law through constitutional provisions or
enabling legislation.
150. A.
B.
-47 -
c.
Unrestricted net position consist of net position that do not meet
the definition of the two preceding
categories. Unrestricted net position often have constraints on
resources that are imposed by
management, but can be removed or modified.
The statement of activities demonstrates the degree to which the
direct expenses of a given function
or segment are offset by program revenues. Direct expenses are
those that are clearly identifiable
with a specific function or segment. Program revenues include
1) charges to customers or applicants
who purchase, use, or directly benefit from goods, services, or
privileges provided by a given function
or segment and 2) grants and contributions that are restricted to
meeting the operational or capital
requirements of a particular function or segment. Taxes and
other items not properly included among
program revenues are reported instead as general revenues.
Separate financial statements are provided for governmental
funds and proprietary funds. Major
individual governmental funds and major individual proprietary
funds are reported as separate
columns in the fund financial statements. All remaining
151. governmental funds are aggregated and
reported as other governmental funds.
Measurement Focus, Basis of Accounting, and Financial
Statement Presentation
The government-wide financíal statements are reported using
the economic resources measurement
focus and the accrual basis of accounting, as are the proprietary
fund financial statements. Revenues
are recorded when earned and expenses are recorded when a
liability is incurred, regardless of the
timing of the related cash flows. Property taxes are recognized
as revenues in the year for which they
are levied. Grants and similar items are recognized as revenue
as soon as all eligibility requirements
imposed by the provider have been met.
Governmental fund financial statements are reported using the
current financial resources
measurement focus and the modified accrual basis of
accounting. Revenues are recognized as soon
as they are both measurable and avaílable. Revenues are
considered to be available when they are
collectible within the current period or soon enough thereafter
to pay liabilities of the current period.
For this purpose, the government considers revenues to be
available if they are collected within 60
days of the end of the current fiscal períod. Expenditures
generally are recorded when a liability is
incurred, as under accrual accounting. However, debt service
expenditures, as well as expenditures
related to compensated absences and claims and judgments, are
recorded only when payment is
due.
152. Property taxes, franchíse taxes, licenses, interest, fines and
forfeitures, and special assessments are
susceptible to accrual. Sales taxes collected and held by the
state at year-end on behalf of the City
are also recognized as revenue. Other receipts and taxes become
measurable and available when
cash is received by the City and are recognized as revenue at
that time.
Entitlements and shared revenues are recorded at the time of
receipt or earlier if the susceptible to
accrual criteria are met. Expenditure-driven grants are
recognized as revenue when the qualifying
expenditures have been incurred, all other grant requirements
have been met, and the criteria for
accrual has been met.
The City reports the following major governmental funds:
The general fund is the City's primary operating fund. lt
accounts for all financial resources of the
general government, except those required to be accounted for
in another fund.
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The hospiúal fund accounts for the lease income derived from
Sartori Memorial Hospital.
The TIF fund accounts for property taxes received through tax
increment financing.
The sfreef repair fund accounts for local option sales tax
received from the state to be used to
153. repair streets.
The sfreef construction fund accounts for state revenues
allocated to the City to be used to
maintain and improve the City's streets.
The debf service fund accounts for the servicing of general
long-term debt not being financed by
proprietary funds.
The FEMA fund accounts for the proceeds and expenditures
related to disaster assistance and
recovery.
Ihe bond fund accounts for all bond proceeds not related to
proprietary funds and all the related
capital projects associated with the bond sales.
The City reports the following major proprietary funds:
The setøer fund accounts for the operations and maintenance of
the City's sanitary sewer system.
The refuse fund accounts for the operations and maintenance of
the City's garbage collection.
The sform water fund accounts for the operations and
maintenance of the city's storm water
system.
Additionally, the City reports the following fund type:
lnternal service funds account for operations that provide
services to other departments or
agencies of the City, or to other governments, on a cost-
reimbursement basis. These include
154. data processing, vehicle maintenance, health insurance, health
insurance severance, payroll, and
risk management activities.
As a general rule the effect of interfund activity has been
eliminated from the government-wide
financial statements. Exceptions to this general rule are
payments between the government's refuse
and sewer functions and various other functions of the
government. Elimination of the charges would
distort the direct costs and program revenues reported for the
various functions concerned.
Amounts reported as program revenues include 1) charges to
customers or applicants for goods,
services, or privileges provided, 2) operating grants and
contributions, and 3) capital grants and
contributions. lnternally dedicated resources are reported as
general revenues rather than as
program revenues. Likewise, general revenues include all taxes.
Proprietary funds distinguish operating revenues and expenses
from nonoperating items. Operating
revenues and expenses generally result from providing services
and producing and delivering goods
in connection with a proprietary fund's principal ongoing
operations. The principal operating revenues
of the refuse fund, sewer fund, and the government's internal
service funds are charges to customers
for services. Operating expenses for enterprise funds and
internal service funds include the cost of
services, administrative expenses, and depreciation on capital
assets. All revenues and expenses
not meeting this definition are reported as nonoperating
revenues and expenses.
155. When both restricted and unrestricted resources are available
for use, it is the government's policy to
use restricted resources first, then unrestricted resources as they
are needed.
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D. Assets, Liabilities, and Net position or Equity
1. Deposr'fs and lnvestments
The City's cash and cash equivalents are considered to be cash
on hand, demand deposits, and
short-term investments with original maturities of three months
or less from the date of
acquisition.
State statutes authorize the City and the Utility to invest publíc
funds in obligations of the United
States government, its agencies and instrumentalities;
certificates of deposit or other evidences of
deposit at federally insured depository institutions approved by
the City Council; prime eligible
bankers acceptances; certain high-rated commercial paper;
perfected repurchase agreements;
certain registered open-end management investment companies;
certain joint investment trusts;
and warrants or improvement certificates of a drainage district.
lnvestments of the City and the
Utility are reported at fair value. Due to legal and budgetary
reasons, the General Fund is
assigned a portion of the investment earnings associated with
the other funds. These funds are
Street Construction, Debt Service, and the Cemetery Perpetual
Care Funds.
156. 2. Receivables and Payables
Activity between funds that are representative of
lending/borrowing arrangements outstanding at
the end of the fiscal year are referred to as either "due to/from
other funds" (i.e., the current
portion of interfund loans).
All trade and property tax receivables are shown net of an
allowance for uncollectibles.
The County Treasurer bills and collects taxes for the City.
Taxes for the year ended June 30,
2013, were certified with the County during the preceding fiscal
year and were due in two equal
installments by September 30, 2012 and March 31,2013.
Property tax receivable is recognized
on the levy or lien date, which is the date the tax asking is
certified by the City to the County Board
of Supervisors. Any County collections on the 2012-2013 tax
levy remitted to the City within sixty
days subsequentto June 30,2013, are recorded as propertytax
revenues. Taxes notcollected
and remitted to the City within sixty days subsequent to June
30, 2013, are delinquent and have
been recorded as receivables and deferred revenue.
By statute, the City is required to certify its budget in March of
each year for the subsequent fiscal
year. However, by statute, the tax asking and budget
certification for the following fiscal year
becomes effective on the first day of that year. Although the
succeeding year property tax
receivable has been recorded, the related revenue is deferred
and will not be recognized as
revenue until the year for which it is levied.
157. 3. Inventories and Prepaíd ltems
lnventories in the governmental fund types are valued at cost
using the first-in/first-out method.
The costs of governmental fund type inventories are recognized
as expenditures when purchased.
lnventories in the proprietary fund types and component unit are
valued at the lower of first-in/first-
out cost or market, except for fuel inventories of the Electric
Utility, which are valued at the lower
of last-in/first-out method cost or market. The cost of
proprietary fund type and component unit
inventories are recognized as expenses when consumed.
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Certain payments to vendors reflect costs applicable to future
accounting periods and are
recorded as prepaid items in both government-wide and fund
financial statements.
4. Restricted Assefs
Certain assets of the component units are restricted because of
applicable bond provisions
5. Capital Assefs
Capital assets, which include property, plant, equipment, and
infrastructure assets (e.g., roads,
bridges, sidewalks, and similar items), are reported in the
applicable governmental or business-
type activities columns in the government-wide statement of net
position. Capital assets are
defined by the government as equipment with initial, individual
158. cost of $2,500 or greater or a
purchase of land, land improvements, building, or infrastructure
with a value of $5,000 or greater
and an estimated useful life of greater than one year. Such
assets are recorded at historical cost
or estimated historical cost if purchased or constructed. Donated
capital assets are recorded as
estimated fair market value at the date of donation.
The costs of normal maintenance and repairs that do not add to
the value of the asset or
materially extend asset lives are not capitalized.
Major outlays for capital assets and improvements are
capitalized as projects are constructed.
lnterest incurred during the construction phase of capital assets
of business{ype activities is
included as part of the capitalized value of the assets
constructed.
Capital assets are depreciated using the straight-line method
over the following estimated useful
lives:
Computer Equipment 5 years Streets 30 years
Equipment 10-30 years Buildings 40-50 years
Office Equipment 10-30 years Land lmprovements 20-40 years
Vehicles 10-20 years Storm Water 40 years
Parking Lots 15 years Bridges 45 years
Furniture 20 years Lift Stations 50 years
Large Vehicles 20-40 years Sewer 50 years
Traffic Signals 20 years Historic Buildings 100 years
6. Compensated Absences
City employees accumulate vacation, sick leave, and comp-time
hours for subsequent use or for
159. payment upon termination, death, or retirement. Earned vacation
pay and a maximum of one-half
of all unused sick leave may be paid upon termination of
employment.
All severance is accrued when incurred in the government-wide
and proprietary fund financial
statements. A liability for these amounts is reported in
governmental fund financial statements
51
only for employees that have resigned or retired. The
compensated absence liability has been
computed based on rates of pay in effect on June 30, 2013.
7. Long-term Obligations
ln the government-wide financial statements and proprietary
fund financiaf statements, long{erm
debt and other long{erm obligations are reported as liabilities in
the applicable governmental
activities, business-type activities, or proprietary fund type
statement of net position. Bond
premiums and discounts are deferred and amortized over the life
of the bonds using the straight-
line method. Bonds payable are reported net of the applicable
bond premium or discount.
ln the fund financial statements, governmentalfund types
recognize bond premium and discounts,
as well as bond issuance costs, during the current period. The
face amount of debt issued is
reported as other financing sources. Premiums on debt issuances
are reported as other financing