City of Reynoldsburg, Ohio for the Year Ended December 31, 2016
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Comprehensive Annual Financial Report City of Reynoldsburg, Ohio For the Year Ended December 31, 2016 Issued by Office of City Auditor Richard E. Harris Our 2016 CAFR cover depicts a collage of City Auditor, Richard Harris’s public service career. Mr. Harris is retiring at the end of 2017 after over 20 years of service. His career included serving on Reynoldsburg City Council, West Licking Joint Fire District Board, Licking County Republican Party Central Committee and holding the office of Reynoldsburg City Auditor. During his tenure as City Auditor, the Auditor’s Office has received the GFOA Certificate of Achievement for Excellence in Financial Reporting each year. As Auditor, he has also received numerous Awards of Distinction from the State Auditor. Mr. Harris and his wife, Carolyn, have called Reynoldsburg their home for over 40 years. He has watched the City grow and, as a public servant helped guide the City through good and bad times. We thank Mr. Harris for his service and wish him an enjoyable retirement. The cover was designed by Reynoldsburg High School-Summit Campus sophomore Caleb Evans. CITY OF REYNOLDSBURG, OHIO COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2016 Issued by: Richard E. Harris City Auditor CITY OF REYNOLDSBURG, OHIO TABLE OF CONTENTS CITY OF REYNOLDSBURG FRANKLIN, FAIRFIELD AND LICKING COUNTIES, OHIO I INTRODUCTORY SECTION A Letter of Transmittal ................................................................................................ v B List of Principal Officials ...................................................................................... xiii C City Organizational Chart ..................................................................................... xiv D Certificate of Achievement for Excellence in Financial Reporting............................. xv II FINANCIAL SECTION A Independent Auditor’s Report ................................................................................... 1 B Management’s Discussion and Analysis .......................................................................... 5 C Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ...................................................................................... 18 Statement of Activities ........................................................................................... 20 Fund Financial Statements: Governmental Funds: Balance Sheet ......................................................................................................... 22 Reconciliation of Total Governmental Fund Balances to Net Position of Governmental Activities ........................................................................................ 24 Statement of Revenues, Expenditures and Changes in Fund Balances .................. 26 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities .................................................... 28 Statement of Revenues, Expenditures and Changes in Fund Balance Budget and Actual (Non-GAAP Budgetary Basis) – General Fund and Major Special Revenue Funds: General Fund ..................................................................................................... 29 Permissive Tax Fund ......................................................................................... 30 Street Construction, Maintenance and Repair Fund .......................................... 31 Proprietary Funds: Statement of Net Position ...................................................................................... 32 Statement of Revenues, Expenses and Changes in Net Position ........................... 36 Statement of Cash Flows ....................................................................................... 38 Fiduciary Funds: Statement of Assets and Liabilities ........................................................................ 42 Notes to the Basic Financial Statements ..................................................................... 43 - i - CITY OF REYNOLDSBURG, OHIO D Required Supplemental Information: Schedule of City’s Proportionate Share of the Net Pension Liability ..................... 89 Schedule of City Contributions ............................................................................... 90 E Combining and Individual Fund Statements and Schedules: Nonmajor Governmental Financial Statements: Combining Balance Sheet ....................................................................................... 96 Combining Statement of Revenues, Expenditures and Changes in Fund Balances ................................................................................................................... 97 Combining Balance Sheet – Nonmajor Special Revenue Funds ............................. 98 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Special Revenue Funds ...................................................... 102 Combining Balance Sheet – Nonmajor Debt Service Funds ................................. 106 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Debt Service Funds ............................................................ 108 Individual Schedules of Revenues, Expenditures and Changes in Fund Balance Budget and Actual (Non-GAAP Budgetary Basis): Major Governmental Funds: General Fund .................................................................................................. 110 Special Revenue Funds: Permissive Tax Fund ................................................................................... 114 Street Construction, Maintenance and Repair Fund .................................... 115 Debt Service Fund: Taylor Square Tax Increment Equivalent (TIEF) Debt Retirement Fund ... 116 Capital Projects Fund: Capital Improvement Fund .......................................................................... 117 Nonmajor Governmental Funds: Special Revenue Funds: Court Computerization Fund ....................................................................... 118 Income Tax Fund ......................................................................................... 119 Police Pension Fund ..................................................................................... 120 State Highway Fund ..................................................................................... 121 Gang Resistance Education and Training (G.R.E.A.T.) Grant Fund ........... 122 Law Enforcement Fund ............................................................................... 123 Drug Enforcement Fund .............................................................................. 124 Safety Belt Program Fund ............................................................................ 125 DUI Education/Enforcement Fund .............................................................. 126 - ii - CITY OF REYNOLDSBURG, OHIO Special Revenue Funds (Continued): Federal Forfeiture Fund ............................................................................... 127 Law Enforcement Assistance Fund ............................................................. 128 Edward Byrne Fund ..................................................................................... 129 Indigent Drivers Interlock Fund .................................................................. 130 Community Environment Fund ................................................................... 131 Supervision and Inspection Fund ................................................................. 132 Plot, Grade and Utility Plans Fund .............................................................. 133 Unclaimed Funds Fund ................................................................................ 134 Employees Fund .......................................................................................... 135 Engineering Fees/Plan Review Deposits Fund ............................................ 136 Debt Service Funds: General Debt Retirement Fund .................................................................... 137 Brice-Main Tax Increment Equivalent (TIEF) Debt Retirement Fund ........ 138 Kroger Tax Increment Equivalent (TIEF) Debt Retirement Fund ............... 139 Summit Road Tax Increment Equivalent (TIEF) Debt Retirement Fund .... 140 Taylor Road Tax Increment Equivalent (TIEF) #1 Debt Retirement Fund . 141 Taylor Road Tax Increment Equivalent (TIEF) #2 Debt Retirement Fund . 142 Capital Projects Fund: Sidewalk Construction Fund ........................................................................ 143 Fiduciary Funds – Agency Funds: Combining Statement of Changes in Assets and Liabilities ............................. 145 - iii - CITY OF REYNOLDSBURG, OHIO III STATISTICAL SECTION Net Position by Component - Last Ten Years .............................................................................. S 2 Changes in Net Position - Last Ten Years .................................................................................... S 4 Fund Balances, Governmental Funds - Last Ten Years ............................................................... S 8 Changes in Fund Balances, Governmental Funds - Last Ten Years .......................................... S 10 Income Tax Revenues by Source, Governmental Funds - Last Ten Years ................................ S 14 Income Tax Collections - Current Year and Nine Years Ago .................................................... S 17