Fort Walton Beach Council agenda — 03-19-12--special--audit — reading text

COMPREHENSIVE ANNUAL FINANCIAL REPORT Year Ended September 30, 2012 Page Exhibit TITLE PAGE CITY OFFICIALS I. INTRODUCTORY SECTION Table of Contents i Letter of Transmittal iv City Manager and Finance Director GFOA Certificate of Achievement ix x Organizational Chart 11. FINANCIAL SECTION Independent Auditor' s Report I A. MANAGEMENT' S DISCUSSION AND ANALYSIS 3 B. BASIC FINANCIAL. STATEMENTS Government- Wide Financial Statements Statement of Net Assets 14 1 Statement of Activities 15 11 Fund Financial Statements Gmennnenta! Funds Balance Sheet 16 IIIA Reconciliation ofthe Balance Sheet to the Statement of Net Assets 17 IIIB Statement of Revenues. Expenditures and Changes in Fund Balance IR IVA Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balance to the Statement of Activities 19 IVB Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund 20 VA Statement of Revenues, Expenditures and Changes in Fund Balance - 21 V13 Budgel and Actual —Community Redevelopment Agency P om avian Funds Statement of Net Assets 22 VI Statement of Revenues. Expenses and Changes in Net Assets 24 VII Statement of Cash Flows 25 VIII F' duc' m-v Funds 27 IX Statement of Fiduciary Net Assets 28 X Statement of Changes in Fiduciary Net Assets Notes to Financial Statements 29 ii  F- 317. City of Fort Walton Beach, Florida COMPREHENSIVE ANNUAL FINANCIAL REPORT Year Ended September 30, 2012 Statement/ Page Schedule II. FINANCIAL SECTION ( CONTINUED) C. REQUIRED SUPPLEMENTARY INFORMATION Pension Schedules 80 A -1 Schedule of Funding Progress Schedule of Contributions from the Employer and Other 81 A -2 Contributing Entities Schedule of Other Post -Employment Obligations 82 A -3 D. COMBINING AND INDIVIDUAL FUND STATEMENTS ANDSCHEDULES Non -Major Governmental Funds 83 B- 1 Combining Balance Sheet Combining Statement of Revenues. Expenditures and Changes in Fund Balance 84 B- 2 S, h, d. les ofRe, ones, Expendion es and Chances in Fund Balance - Budget od A, Inal Law Enforcement Trust Special Revenue Fund 85 C -1 86 C -2 Law Enforcement Trust ] raining Special Revenue Fund 87 C -3 Community Development Block Grant Special Revenue Fund 88 C- 4 Beal Memorial Cemetery Perpetual Care Special Revenue Fund Debt Service Fund 89 C -5 Non ,Major Fund —Enterprise Fund Statement of Net Assets 90 D -1 Statement of Revenues, Expenses and Changes in Net Assets 91 D -2 Statement of Cash Flows 92 D -3 III.III. STATISTICALSTATISTICAL SECTION SECTION ( ( UNAUDITED)UNAUDITED) 9393 11 NetNet AssetsAssets byby Component Component Changes in Net Assets 9494 22 Fund Balances - Governmental Funds 96 3 Changes in Fund Balances - Governmental Funds 9797 44 98 5 RevenuesRevenues andand OtherOther SourcesSources 9999 66 AssessedAssessed ValueValue ofof TaxableTaxable PropertyProperty Property Tax Rates Per $ 1, 000 of Taxable Value - All Direct and Overlapping GovernmentsGovernments 100 7 It  3. t. a City of Fort Walton Beach, Florida COMPREHENSIVE ANNUAL FINANCIAL REPORT Year Ended September 30, 2012 Statement/ Page Schedule III. STATISTICAL SECTION ( UNAUDITED) Principal Taxpayers 101 8 102 9 Property Tax Levies and Collections 103 10 Ratios of Outstanding Debt by Type 104 11 Ratio of Net General Bonded Debt Outstanding Pledged Revenue Coverage- Schedule of Revenue Bond Coverage 105 12 -C 106 13 Direct and Overlapping Governmental Activities Debt —General Obligations Major Employers 107 14 Miscellaneous Demographical Statistics 108 15 109 16 Full -Time Equivalent Employees by Function/ Program Permits, Licenses and Recreation Facilities 110 17 111 18 Elections - Okaloosa County Voter Registration Special Assessment Billings and Collections 112 19 Major Revenue Sources 113 20 Water and Wastewater Service Rates 114 21 115 22 Sanitation and Recycling Service Rates 116 23 Operating Indicators by Function/Program 117 24 Capital Asset Statistics by Function/Program Insurance Coverage 118 25 IV. COMPLIANCE SECTION Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in 122 Accordance with Go,,, rau, ut Auduing Standards Management Letter 124 iii Packetpg. 42  3. 1 . THIS PAGE INTENTIONALLY LEFT BLANK.) P; o dt Pg. 13  3. t. a City of Fort