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Basic Financial Statements

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Basic Financial Statements City of National City National City, California Comprehensive Annual Financial Report For the Year Ended June 30, 2018 City of National City Comprehensive Annual Financial Report For the Year Ended June 30, 2018 Table of Contents Page INTRODUCTORY SECTION (Unaudited) Table of Contents ............................................................................................................................................................. i Letter of Transmittal ........................................................................................................................................................ v City Officials .............................................................................................................................................................. xvii City Organizational Chart ......................................................................................................................................... xviii GFOA Certificate of Achievement ............................................................................................................................... xix FINANCIAL SECTION Independent Auditors’ Report on Financial Statements ........................................................................................... 1 Management’s Discussion and Analysis (Required Supplementary Information) (Unaudited) ............................ 5 Basic Financial Statements: Government-Wide Financial Statements: Statement of Net Position ................................................................................................................................. 18 Statement of Activities and Changes in Net Position ....................................................................................... 20 Fund Financial Statements: Governmental Fund Financial Statements: Balance Sheet ............................................................................................................................................. 26 Reconciliation of the Governmental Funds Balance Sheet to the Government-Wide Statement of Net Position .............................................................................. 29 Statement of Revenues, Expenditures, and Changes in Fund Balance ...................................................... 30 Reconciliation of the Governmental Statement of Revenues, Expenditures, and Changes in Fund Balances to the Government-Wide Statement of Activities and Changes in Net Position ............................................................................. 32 Proprietary Fund Financial Statements: Statement of Net Position .......................................................................................................................... 35 Statement of Revenues, Expenses, and Changes in Net Position .............................................................. 37 Statement of Cash Flows ........................................................................................................................... 38 Fiduciary Fund Financial Statements: Statement of Fiduciary Net Position .......................................................................................................... 41 Statement of Changes in Fiduciary Net Position ....................................................................................... 43 Notes to the Basic Financial Statements ............................................................................................................. 45 i City of National City Comprehensive Annual Financial Report For the Year Ended June 30, 2018 Table of Contents (Continued) Page FINANCIAL SECTION (Continued): Required Supplementary Information (Unaudited): Budgetary Information .......................................................................................................................................... 105 Budgetary Comparison Schedules: General Fund .................................................................................................................................................. 106 Housing Special Revenue Fund ..................................................................................................................... 107 Housing Choice Vouchers Special Revenue Fund ......................................................................................... 108 Sewer Service Special Revenue Fund ............................................................................................................ 109 Other Special Revenue Fund .......................................................................................................................... 110 Schedules of Changes in the Net Pension Liability and Related Ratios ............................................................... 111 Schedules of Contributions ................................................................................................................................... 113 Schedules of Changes in Net OPEB Liability and Related Ratios ....................................................................... 115 Supplementary Information: Non-Major Governmental Funds: Combining Balance Sheet .............................................................................................................................. 122 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances ...................................... 126 Schedule of Revenues, Expenditures, and Change in Fund Balances – Budget and Actual: General Capital Outlay Special Revenue Fund ....................................................................................... 130 Library Special Revenue Fund ................................................................................................................ 131 Parks Maintenance Special Revenue Fund .............................................................................................. 132 Library Capital Outlay Special Revenue Fund ........................................................................................ 133 Gas Tax Special Revenue Fund ............................................................................................................... 134 Parks and Recreation Capital Outlay Special Revenue Fund .................................................................. 135 Community Development Block Grant Special Revenue Fund .............................................................. 136 HOME Program Special Revenue Fund .................................................................................................. 137 Asset Forfeiture Special Revenue Fund ................................................................................................... 138 Nutrition Special Revenue Fund .............................................................................................................. 139 Brownfields Grant Special Revenue Fund ............................................................................................... 140 National City Joint Powers Financing Authority Debt Service Fund ...................................................... 141 Library Bonds Debt Service Fund ........................................................................................................... 142 Internal Service Funds: Combining Statement of Net Position ............................................................................................................ 144 Combining Statement of Revenues, Expenses, and Changes in Net Position ................................................ 146 Combining Statement of Cash Flows ............................................................................................................. 148 Fiduciary Funds: Statement of Changes in Assets and Liabilities ............................................................................................. 155 ii City of National City Comprehensive Annual Financial Report For the Year Ended June 30, 2018 Table of Contents (Continued) Page STATISTICAL SECTION (Unaudited) Financial Trends: Net Position by Component – Last Ten Fiscal Years ........................................................................................... 160 Changes in Net Position – Last Ten Fiscal Years ................................................................................................. 162 Fund Balances of Governmental Funds – Last Ten Fiscal Years ......................................................................... 166 Changes in Fund Balance of Governmental Fund – Last Ten Fiscal Years ......................................................... 168 Revenue Capacity: Assessed Value and Actual Value of Taxable Property – Last Ten Fiscal Years ................................................. 170 2017/18 Use Category Summary .......................................................................................................................... 172 Property Tax Dollar Breakdown ........................................................................................................................... 173 2017/18 Roll Summary ......................................................................................................................................... 174 Net Taxable Assessed Value History .................................................................................................................... 175 Taxable Sales by Category...................................................................................................................................
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