Of Fort Wayne Indiana
Total Page:16
File Type:pdf, Size:1020Kb
COMPREHENSIVE ANNUAL FINANCIAL REPORT City of Fort Wayne, Indiana Year Ended December 31, 2013 Patricia A. Roller, CPA Director of Finance and Administration City Controller Valerie A. Ahr Deputy Controller INTRODUCTION Table of Contents I. INTRODUCTION Page(s) Table of Contents ....................................................................................................................................... 1-3 Mayor’s Letter of Transmittal......................................................................................................................... 5 Chief Financial Officer’s Letter of Transmittal .......................................................................................... 6-13 Locator Maps ......................................................................................................................................... 14-16 Organization Chart ...................................................................................................................................... 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 ................................................................................................................. 33-35 Management’s Discussion and Analysis ................................................................................................ 36-45 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ............................................................................................................. 47-48 Statement of Activities ........................................................................................................................ 49 Fund Financial Statements: Balance Sheet – Governmental Funds .............................................................................................. 50 Reconciliation of the Balance Sheet to the Statement of Net Position – Governmental Funds .................................................................. 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 – Governmental Funds .............................................. 53 Statement of Net Position – Proprietary Funds .................................................................................. 54 Statement of Revenues, Expenses, and Changes in Fund Net Position - Proprietary Funds .................................................................................................................... 55 Statement of Cash Flows – Proprietary Funds .................................................................................. 56 Statement of Net Position – Fiduciary Funds ..................................................................................... 57 Statement of Changes in Net Position – Fiduciary Funds .................................................................. 58 Combining Statement of Net Position - 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 ............................................................... 62-74 2. Deposits and Investments .......................................................................................... 74-76 3. Capital Assets ............................................................................................................. 77-79 4. Long-Term Debt .......................................................................................................... 80-88 5. Operating Leases ............................................................................................................. 88 6. Deficit Fund Balances ...................................................................................................... 89 7. Interfund Balances and Activity ................................................................................... 89-90 8. Risk Management ....................................................................................................... 91-92 9. Segment Information .................................................................................................. 92-93 10. Other Postemployment Benefits ................................................................................. 93-95 11. Conduit Debt……………………………………………………………………….…..…….….95 1 FINANCIAL SECTION (Continued) 12. Restricted Assets ........................................................................................................ 95-97 13. Restatements – Prior Period Adjustments ....................................................................... 97 14. Lease and Subsequent Installment Sale of Electric Utility Assets ................................... 98 15. City of Fort Wayne Community Legacy Fund .................................................................. 98 16. Net Investment in Direct Financing Lease ....................................................................... 99 17. Unearned Revenue .......................................................................... ……………………...99 18. Deferred Inflows of Resources ....................... ………………………………………………99 19. Fund Balance Classification........................................................................................... 100 20. Redevelopment Authority ............................................................................................... 101 21. Commitments and Contingencies .................................................................................. 102 22. Subsequent Events ........................................................................................................ 103 23. Net Investment in Capital Assets ................................................................................... 104 24. Pension Plans ......................................................................................................... 104-111 Required Supplementary Information: Budgetary Comparison Schedule - General Fund ............................................................................................................................ 113 Budgetary Comparison Schedule - Major Special Revenue Funds ........................................................................................... 114-115 Infrastructure - Modified Reporting Comparison of Budgeted–to-Actual Maintenance/Preservation .................................................................................................... 116 Condition Rating ......................................................................................................................... 116 Schedules of Funding Progress ....................................................................................................... 117 Schedules of Contributions from the Employer and other Contributing Entities.................................................................................................... 118 Notes to Required Supplementary Information ......................................................................... 119-120 Supplementary Information: Major Governmental Funds: Schedule of Expenditures - Budget and Actual - General Fund ................................................................................ 123-124 Budgetary Comparison Schedules - Other Budgeted Major Governmental Funds .................................................................. 125 Non-major Governmental Funds: Combining Balance Sheet - Non-major Governmental Funds (by fund type) .............................................................. 128 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-major Governmental Funds (by fund type) .............................................................. 129 Combining Balance Sheet - Non-major Governmental Funds Non-major Special Revenue Funds ......................................................................... 130-132 Non-major Capital Project Funds .................................................................................... 133 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-major Special Revenue Funds ......................................................................... 134-136 Non-major Capital Project Funds .................................................................................... 137 Budgetary Comparison Schedules - Other Non-major Budgeted Governmental Funds ....................................................