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2011 CAFR Production 2011 Comprehensive Annual Financial Report For the year ended December 31,2011 Thomas C. Henry Patricia A. Roller CPA Mayor Controller COMPREHENSIVE ANNUAL FINANCIAL REPORT City of Fort Wayne, Indiana Year Ended December 31, 2011 Patricia A. Roller, CPA Director of Finance and Administration City Controller Valerie A. Ahr Deputy Controller Table of Contents I. INTRODUCTION Page Table of Contents ....................................................................................................................................... 1-3 Mayor’s Letter of Transmittal......................................................................................................................... 5 Chief Financial Officer’s Letter of Transmittal .......................................................................................... 6-12 Locator Maps ......................................................................................................................................... 13-15 Organization Chart ................................................................................................................................. 16-17 List of Principal Officials .............................................................................................................................. 18 Department Details ................................................................................................................................ 19-30 Fort Wayne at a Glance .............................................................................................................................. 31 GFOA Certificate of Excellence ................................................................................................................. 32 II. FINANCIAL SECTION Independent Auditor’s Report ................................................................................................................. 33-34 Management’s Discussion and Analysis ................................................................................................ 35-45 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Assets ............................................................................................................... 47-48 Statement of Activities ........................................................................................................................ 49 Fund Financial Statements: Balance Sheet – Governmental Funds .............................................................................................. 50 Reconciliation of the Balance Sheet to the Statement of Net Assets .......................................................................................................... 51 Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds ................................................................................................................. 52 Reconciliation of the Statement of Revenues Expenditures, and Changes in Fund Balances to the Statement of Activities ................................................................................... 53 Statement of Net Assets – Proprietary Funds .................................................................................... 54 Statement of Revenues, Expenses, and Changes in Fund Net Assets - Proprietary Funds .................................................................................................................... 55 Statement of Cash Flows – Proprietary Funds .................................................................................. 56 Statement of Fiduciary Net Assets ..................................................................................................... 57 Statement of Changes in Fiduciary Net Assets ................................................................................. 58 Combining Statement of Net Assets - Discretely Presented Component Units ................................................................................... 59 Combining Statement of Activities - Discretely Presented Component Units ................................................................................... 60 Notes to the Financial Statements 1. Summary of Significant Accounting Policies...............................................................62-73 2. Deposits and Investments ..........................................................................................73-75 3. Capital Assets ..............................................................................................................76-78 4. Short-Term Liabilities ....................................................................................................... 78 5. Long-Term Debt ..........................................................................................................79-88 6. Operating Leases ............................................................................................................. 88 7. Deficit Fund Balances – Deficit Net Assets .................................................................88-89 8. Interfund Balances and Activity ..................................................................................89-90 9. Risk Management .......................................................................................................90-92 10. Segment Information ...................................................................................................92-93 11. Other Postemployment Benefits .................................................................................93-95 1 FINANCIAL SECTION (Continued) 12. Conduit Debt .................................................................................................................... 95 13. Restricted Assets ........................................................................................................95-97 14. Lease and Subsequent Installment Sale of Electric Utility Assets .................................. 97 15. City of Fort Wayne Community Trust ............................................................................... 98 16. Net Investment in Direct Financing Lease ....................................................................... 98 17. Deferred Revenue – Unearned Revenue ........................................................................ 99 18. Fund Balance Classification............................................................................................. 99 19. Redevelopment Authority............................................................................................... 100 20. Commitments and Contingencies .......................................................................... 100-101 21. Subsequent Events ................................................................................................ 101-102 22. Net Assets – Invested in Capital Assets, Net of Related Debt ...................................... 102 23. Pension Plans ........................................................................................................ 102-110 Required Supplementary Information: Budgetary Comparison Schedule - General Fund ............................................................................................................................ 112 Budgetary Comparison Schedule - Major Special Revenue Funds .................................................................................................. 113 Modified Approach Schedules: Comparison of Needed-to-Actual Maintenance/Preservation Schedule .................................................................................... 114 Condition Rating for City of Fort Wayne Street Infrastructure .............................................................................................................. 114 Schedules of Funding Progress ....................................................................................................... 115 Schedules of Contributions from the Employer and other Contributing Entities ................................................................................................... 116 Notes to Required Supplementary Information ........................................................................ 117-119 Supplementary Information: Major Governmental Funds: Schedule of Expenditures - Budget and Actual General Fund ................................................................................. 122-123 Budgetary Comparison Schedules Other Budgeted Major Governmental Funds .................................................................. 124 Non-major Governmental Funds: Combining Balance Sheet - Non-major Governmental Funds (by fund type) .............................................................. 127 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-major Governmental Funds (by fund type) .............................................................. 128 Combining Balance Sheet - Non-major Governmental Funds Non-major Special Revenue Funds ........................................................................ 129-130 Non-major Capital Project Funds .................................................................................... 131 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-major Special Revenue Funds ........................................................................ 132-134 Non-major Capital Project Funds ...................................................................................
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