City of Kinston North Carolina

City of KinstoN North Carolina Comprehensive Annual Financial Report Fiscal Year Ended JUNE 30, 2016 Pictured on the cover of the Comprehensive annual financial report for the City of Kinston Historic Grainger Stadium Kinston, North Carolina After a five year absence, Kinston lands the Down East Wood Ducks, high A affiliate of the Texas Rangers. The Wood Ducks will play in the Carolina League in the Southern Division. The Kinston City Council approved a 1.6 million dollar renovation to Grainger Stadium to secure the 12 year deal. Fans are eagerly awaiting the first home Carolina league game in April of 2017. Photo Credits: Dr. Laddie Crisp, Jr. CITY OF KINSTON NORTH CAROLINA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2016 Prepared by City of Kinston Finance Department This page left blank intentionally. CITY OF KINSTON, NORTH CAROLINA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2016 TABLE OF CONTENTS Exhibit Page Introductory Section Letter of Transmittal i-xiii List of Principal Officials xiv Organizational Chart xv Certificate of Achievement for Excellence in Financial Reporting xvi Financial Section Independent Auditor's Report 1-3 Management's Discussion and Analysis 4-14 Basic Financial Statements A Statement of Net Position 15 B Statement of Activities 16-17 C Balance Sheet - Governmental Funds 18-19 D Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds 20 E Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds to the Statement of Activities 21 F Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - General Fund 22 G Statement of Net Position - Proprietary Funds 23 H Statement of Revenue, Expenses, and Changes in Fund Net Position - Proprietary Funds 24 I Statement of Cash Flows - Proprietary Funds 25 CITY OF KINSTON, NORTH CAROLINA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2016 TABLE OF CONTENTS Schedule Page Notes to the Financial Statements 26-73 Supplementary Information A-1 Required Supplementary Information - Law Enforcement Officers' Special Separation Allowance 74 A-2 Required Supplementary Information - Separation Allowance Plan 75 A-3 Required Supplementary Information - Other Post-Employment Benefits - Retiree Health Plan 76 A-4 Local Governmental Employees' Retirement System Proportionate Share of Net Pension Liability (Asset) Required Supplementary Information Last Three Fiscal Years 77 A-5 Local Governmental Employees' Retirement System City of Kinston's Contributions Required Supplementary Information Last Three Fiscal Years 78 General Fund 1 General Fund - Balance Sheet 79 2 General Fund - Schedule of Revenues, Expenditures, and Changes In Fund Balance - Budget and Actual 80-81 Governmental Fund Types 3 Nonmajor Governmental Funds - Combining Balance Sheet 82 4 Nonmajor Governmental Funds - Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 83 CITY OF KINSTON, NORTH CAROLINA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2016 TABLE OF CONTENTS Schedule Page Special Revenue Funds 5 Nonmajor Special Revenue Funds - Combining Balance Sheet 84 6 Nonmajor Special Revenue Funds - Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 85-86 7 Community Development Administration - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 87 8 2009 Governor's Crime Commission Grant - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 88 9 2010 Bullet Proof Vest Partnership Grant (BVP) - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 89 10 2010 JAG Recovery Act Relief Project - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 90 11 2011 Edward-Byrne Memorial JAG Grant - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 91 12 2012 Edward-Byrne Memorial JAG Grant - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 92 13 2011 PSN GCC Crossing Boundaries - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 93 14 2009 PSN GCC Project 61 - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 94 15 Bullet Proof Vest Partnership Grant - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 95 16 Hurricane Irene - FEMA-4019-DR-NC -Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 96 CITY OF KINSTON, NORTH CAROLINA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2016 TABLE OF CONTENTS Schedule Page Special Revenue Funds (Cont'd) 17 CDBG Catalyst Grant - Kinston Slum And lright Elimination Initiative Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 97 18 GCC Body Camera Project - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 98 19 2013 Edward-Byrne Memorial JAG Grant - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 99 20 2015 Edward-Byrne Memorial JAG Grant - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 100 21 GCC 2015 Operation No Boundaries Grant - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 101 22 Brownfields EPA Grant - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 102 Nonmajor Capital Project Funds 23 Nonmajor Capital Project Funds - Combining Balance Sheet 103-104 24 Nonmajor Capital Project Funds - Combining Statement of Revenues, Expenditures, and Changes in Fund Balance 105-106 25 Retro-Green Capital Project - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 107 26 Train Depot Project - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 108 27 Battlefield Parkway/Soccer Complex - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 109 CITY OF KINSTON, NORTH CAROLINA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2016 TABLE OF CONTENTS Schedule Page Nonmajor Capital Project Funds (Cont'd) 28 Capital Reserve Fund - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 110 29 New Fire Station #3 - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 111 30 Martin Luther King, Jr., Blvd. Enhancement Fund - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 112 31 Heritage Street Improvements -Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Budget and Actual 113 32 CWMTF Flood Buy-Out II Capital Project - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 114 33 NEA Our Town Fund - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 115 34 College Street Railroad Crossing Project - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 116 35 General Fund Small Projects - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 117 36 Fire Pumper Truck - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 118 Permanent Fund 37 Temple Israel Perpetual Care Fund - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 119 CITY OF KINSTON, NORTH CAROLINA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2016 TABLE OF CONTENTS Schedule Page Enterprise Funds 38 Electric Fund - Schedule of Revenues and Expenditures - Budget and Actual (Non-GAAP) 120-121 39 Electric Capital Project Fund - Schedule of Revenues and Expenditures - Budget and Actual (Non-GAAP) 122 40 Electric Capital Reserve Fund - Schedule of Revenues and Expenditures - Budget and Actual (Non-GAAP) 123 41 Water Fund - Schedule of Revenues and Expenditures - Budget and Actual (Non-GAAP) 124-125 42 Water Capital Project Fund - Schedule of Revenues and Expenditures - Budget and Actual (Non-GAAP) 126 43 Water Capital Reserve Fund - Schedule of Revenues and Expenditures - Budget and Actual (Non-GAAP) 127 44 Wastewater Fund - Schedule of Revenues and Expenditures - Budget and Actual (Non-GAAP) 128-129 45 Wastewater Capital Project Fund - Schedule of Revenues and Expenditures - Budget and Actual (Non-GAAP) 130 46 Wastewater Capital Reserve Fund - Schedule of Revenues and Expenditures - Budget and Actual (Non-GAAP) 131 Nonmajor Enterprise Funds 47 Nonmajor Enterprise Funds - Combining Statement of Fund Net Position 132 48 Nonmajor Enterprise Funds - Combining Statement of Revenues, Expenses, and Changes in Fund Net Position 133 49 Nonmajor Enterprise Funds - Combining Statement of Cash Flows 134 CITY OF KINSTON, NORTH CAROLINA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2016 TABLE OF CONTENTS Schedule Page Nonmajor Enterprise Funds (Cont'd) 50 Environmental Services - Schedule of Revenues and Expenditures - Budget and Actual (Non-GAAP) 135-136 51 Stormwater - Schedule of Revenues and Expenditures - Budget and Actual (Non-GAAP) 137-138 52 Stormwater Capital Project Fund - Schedule of Revenues and Expenditures - Budget and Actual (Non-GAAP) 139 53 Woodmen of the World Community Center - Schedule of and Expenditures - Budget and Actual (Non-GAAP) 140 Internal Service Funds 54 Internal Service

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