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City of Lorain, Ohio City of Lorain, Ohio Comprehensive Annual Financial Report For the Year Ended December 31, 2000 Ronald L. Mantini Lorain City Auditor 35 North Fourth Street, 1st Floor Columbus, Ohio 43215 Telephone 614-466-4514 800-282-0370 Facsimile 614-728-7398 www.auditor.state.oh.us City of Lorain 200 West Erie Ave. Lorain, Ohio 44052 We have reviewed the Independent Auditor's Report of the City of Lorain, Lorain County, prepared by Ciuni & Panichi, Inc., for the audit period January 1, 2000 through December 31, 2000. Based upon this review, we have accepted these reports in lieu of the audit required by Section 117.11, Revised Code. The Auditor of State did not audit the accompanying financial statements and, accordingly, we are unable to express, and do not express an opinion on them. Our review was made in reference to the applicable sections of legislative criteria, as reflected by the Ohio Constitution, and the Revised Code, policies, procedures and guidelines of the Auditor of State, regulations and grant requirements. The City of Lorain is responsible for compliance with these laws and regulations. JIM PETRO Auditor of State July 7, 2001 This Page is Intentionally Left Blank. City of Lorain, Ohio Comprehensive Annual Financial Report For the Year Ended December 31, 2000 Table of Contents Page Title Page………….………………...…………………...…………..…………………………………….i Table of Contents….…………………………………………...………………...………………………..ii INTRODUCTORY SECTION Letter of Transmittal….…………………….……………………………………………………………..v GFOA Certificate of Achievement for Excellence in Financial Reporting..……...……………………xvii List of City Officials……………………………………………………….……………………..……xviii Map of the City of Lorain with Council Wards…...………….…………………………………………xix Organizational Chart……………….…………………………………………………………………….xx FINANCIAL SECTION Report of Independent Accountants………………..………………………………………………………....1 General Purpose Financial Statements Combined Balance Sheet – All Fund Types and Account Groups……………………………………………4 Combined Statement of Revenues, Expenditures and Changes in Fund Balances – All Government Fund Types……………………….……………………………………8 Combined Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (Budget Basis) – All Government Fund Types…….……………...10 Combined Statement of Revenues, Expenses and Changes in Fund Equity – All Proprietary Fund Types……………………………………………………………….15 Combined Statement of Revenues, Expenses and Changes in Fund Equity – Budget and Actual (Budget Basis) – All Proprietary Fund Types…………………..…..………………..16 Combined Statement of Cash Flows – All Proprietary Fund Types…………………………………………18 Notes to the General Purpose Financial Statements…………………………………………………………20 Combining, Individual Fund and Account Group Statements and Schedules Governmental Funds General Fund: Description of Fund……………………………….……………………………………………………..52 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual (Budget Basis)………….……………………………………….53 Special Revenue Funds: Description of Funds….………………………………………….………………………………………58 Combining Balance Sheet………………………………………………………………………………..60 Combining Statement of Revenues, Expenditures and Changes in Fund Balances…………………………………………………………………….…64 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual (Budget Basis) Streets Fund….……..…………………………………….………………………………………..68 Permissive License Fund……………..………………….…………………………………...……69 Health Services Fund…………………………………….…………………………………….…..70 Community Development Fund………...…..…………….………………………………………..71 Litter Control Fund………………………………………...………………………………………72 Police Levy Fund……………………………………………………………………………..……73 ii City of Lorain, Ohio Comprehensive Annual Financial Report For the Year Ended December 31, 2000 Table of Contents Special Revenue Funds (continued): Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual (Budget Basis) Mandatory Drug Fund.….....….……………………………………………………………………..74 Police Pension Fund…………………………………………………………………………………75 Fire Pension Fund…………………..……….………………………………………………………76 Indigent Drivers Fund…………..………….………………………………………………………..77 Park Land …………………………………………………...………………………………………78 Cemetery Fund …………...………………………………...…………………………………….…79 Law Enforcement Fund ……….….…………………………...…………………………………....80 Municipal Court Computer Fund ….………………………………...……………………………..81 Legal Research Fund ……..…..…....…………………………………………………………….…82 All Special Revenue Funds …..….………………………………………………………………….83 Debt Service Funds: Description of Funds………………………………………………………………………………………84 Combining Balance Sheet………………..………………………………………………………………..85 Combining Statement of Revenues, Expenditures and Changes in Fund Balances…………....……………………………………………………………86 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual (Budget Basis) General Obligation Bond Retirement Fund………….………………….…………………………….87 Special Assessment Bond Retirement Fund.……………...……………………………………….….88 All Debt Service Funds.…..……………………………………….………………………………..…89 Capital Projects Funds: Description of Funds .………….…………………………………………………………………………90 Combining Balance Sheet.…..….………….……………………………………………………………..91 Combining Statement of Revenues, Expenditures and Changes in Fund Balances………...……………………………………………………………………92 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual (Budget Basis) Capital Improvements Fund……..……..………………………………………………………………..93 General Sewer Fund……………..……..………………………………………………………………..94 Riverfront Urban Renewal Fund ..………………………………………………………………………95 Municipal Court Improvements Fund …..……..………………………………………………………..96 All Capital Projects Funds.......…..……..………...……………………………………………….…..…97 Proprietary Funds Enterprise Funds: Description of Funds ....….……………………………..……………………………………………….….99 Combining Balance Sheet…....……………………………………………………………………………100 Combining Statement of Revenues, Expenses and Changes in Fund Equity….…………..………………………………………………………………….102 Schedule of Revenues, Expenses and Changes in Fund Equity – Budget and Actual (Budget Basis) Water Works Fund..…….………………………………………………………………………………103 Water Pollution Control Fund..…….…………….…………………………………………………….104 All Enterprise Funds.……………..……..…….……….………………………………………………105 Combining Statement of Cash Flows…….………..………………………………………………….…106 iii City of Lorain, Ohio Comprehensive Annual Financial Report For the Year Ended December 31, 2000 Table of Contents Internal Service Funds Description of Funds..……………………………………………………………………………………..108 Combining Balance Sheet.……….………………………………………………………………………..109 Combining Statement of Revenues, Expenses and Changes in Retained Earnings`..……..…………………………………………………………………….110 Schedule of Revenues, Expenses, and Changes in Fund Equity – Budget and Actual (Budget Basis) Garage Fund…………………….……………………………………………………………………...111 Hospitalization Fund .…………..….…………………………………………………………………..112 All Internal Funds ...…….………….…………………………………………………………………..113 Combining Statement of Cash Flows………………………………………………………………………114 Fiduciary Funds Agency Funds: Description of Funds…..………………………………………………………………………………..117 Combining Balance Sheet…..………………………………………………………………………..…118 Combining Statement of Changes in Assets and Liabilities – All Agency Funds……..……………………………………………………………….120 General Fixed Assets Account Group Description of Account Group…………..……...…………………………………………...……………123 Schedule of General Fixed Assets – By Function……..………………………………………………………………………………………124 Schedule of Changes in General Fixed Assets - By Function…………..…………………………………………………………………………………125 Schedule of General Fixed Assets – By Source………………..……………………………………………………………………………..126 STATISTICAL SECTION Governmental Fund Revenues by Source – Last Ten Years……………………………………………….S1 Governmental Fund Expenditures by Function – Last Ten Years…………………………………………S3 Assessed and Estimated Actual Values of Taxable Property – Last Ten Years ………………..……………………………….………………...……S5 Property Tax Levies and Collections – Last Ten Years .…....………………….………………………....S6 Property Tax Rates – Direct and Overlapping Governments – Last Ten Years…………………………………………………….……….……………S7 Special Assessment Collections – Last Ten Years…………………………………………….…………..S8 Ratio of Annual Debt Service Expenditures for General Obligation Bonded Debt to Total Governmental Fund Expenditures – Last Ten Years…..……….…………….….S9 Ratio of Net General Obligation Bonded Debt to Assessed Value and Net General Obligation Bonded Debt Per Capita – Last Ten Years…………………………….………….S10 Computation of Direct and Overlapping General Obligation Bonded Debt….……………….………….S11 Schedule of Enterprise Revenue Bond Coverage…………………………….………………………..…S12 Legal Debt Margin……………………………………………….…………….……………….………...S13 Property Value, Construction and Bank Deposits – Last Ten Years………….……………………….....S14 Ten Largest Real Property Taxpayers………………………….….………..……..………………….......S15 Ten Largest Personal Property Taxpayers…….....……………………………………….…….……..…..S16 Ten Largest Employers in the City…………..………...………………………………….…….…..…….S17 Demographic Statistics – Last Ten Years…...……………………….………………….…….………….S18 Miscellaneous Information…………………..…………………...…………………………….…………S19 iv This Page is Intentionally Left Blank. INTRODUCTORY SECTION The introductory section contains information to familiarize readers with the Comprehensive Annual Financial Report (CAFR) and the City of Lorain. A description of the City, the reporting entity, and the operation of City services is included. Other topics range from financial summaries and highlights to city awards. Key elected and appointed officials are listed along with the City’s organizational
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