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COUNTYCOUNTY OFOF SAN BERNARDINO comprehensive annual financial report for the year ended june 30, 2010 june the year ended for report financial annual comprehensive SAN BERNARDINO COMPREHENSIVE ANNUAL FINANCIAL REPORT COUNTY OF SAN BERNARDINO STATE OF CALIFORNIA FOR THE YEAR ENDED JUNE 30, 2010 WWW.SBCOUNTY.GOV LARRY WALKER, AUDITORCONTROLLER/RECORDER/ (888) 818 - 8988 TREASURER/TAX COLLECTOR COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED JUNE 30, 2010 COUNTY OF SAN BERNARDINO STATE OF CALIFORNIA 1853 Supervisor Brad Mitzelfelt .............................................................................First District Supervisor Janice Rutherford .................................................................Second District Supervisor Neil Derry ....................................................................................Third District Supervisor Gary Ovitt, Chairperson ......................................................... Fourth District Supervisor Josie Gonzales, Vice Chairperson............................................Fifth District Gregory C. Devereaux – Chief Executive Officer Prepared by the Office of the Auditor-Controller/Recorder/Treasurer/Tax Collector Larry Walker, Auditor-Controller/Recorder/Treasurer/Tax Collector COUNTY OF SAN BERNARDINO COMPREHENSIVE ANNUAL FINANCIAL REPORT JUNE 30, 2010 TABLE OF CONTENTS INTRODUCTORY SECTION LETTER OF TRANSMITTAL.................................................................................................................................. 1 DIRECTORY OF ELECTED COUNTY OFFICIALS ............................................................................................. 10 DIRECTORY OF APPOINTED COUNTY OFFICIALS......................................................................................... 11 ORGANIZATION CHART...................................................................................................................................... 12 CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING ................................... 13 FINANCIAL SECTION INDEPENDENT AUDITORS’ REPORT................................................................................................................ 16 MANAGEMENT’S DISCUSSION AND ANALYSIS ............................................................................................. 19 BASIC FINANCIAL STATEMENTS: Government-Wide Financial Statements: Statement of Net Assets .......................................................................................................................... 42 Statement of Activities ............................................................................................................................. 43 Fund Financial Statements: Balance Sheet – Governmental Funds.................................................................................................... 46 Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds................................................................................................ 47 Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual on Budgetary Basis – General Fund ................................................................... 48 Statement of Net Assets – Proprietary Funds ......................................................................................... 49 Statement of Revenues, Expenses, and Changes in Fund Net Assets – Proprietary Funds ................................................................................................... 50 Statement of Cash Flows – Proprietary Funds ........................................................................................ 51 Statement of Fiduciary Net Assets – Fiduciary Funds ............................................................................. 52 Statement of Changes in Fiduciary Net Assets – Investment Trust Fund ..................................................................................................... 53 Notes to the Basic Financial Statements ................................................................................................. 55 i TABLE OF CONTENTS REQUIRED SUPPLEMENTARY INFORMATION: SBCERA Schedule of Funding Progress................................................................................................... 111 SUPPLEMENTAL INFORMATION: Combined Financial Statements - Nonmajor Governmental Funds: Combined Balance Sheet – Nonmajor Governmental Funds .............................................................. 114 Combined Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds ............................................................................ 115 Combining Financial Statements – Nonmajor Governmental Funds: Nonmajor Governmental Funds Descriptions ....................................................................................... 118 Combining Balance Sheet – Special Revenue Funds .......................................................................... 122 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Special Revenue Funds .......................................................................................... 128 Combining Balance Sheet – Debt Service Funds ...................................................................... ……… 134 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Debt Service Funds ................................................................................................. 135 Combining Balance Sheet – Capital Projects Funds ................................................................. ……… 136 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Capital Projects Funds ........................................................................................... 138 Combining Balance Sheet – Permanent Funds ...................................................................... ..……… 140 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Permanent Funds ................................................................................................... 141 Combining Financial Statements – Nonmajor Enterprise Funds: Nonmajor Enterprise Funds Description ................................................................................................ 143 Combining Statement of Net Assets – Nonmajor Enterprise Funds ........................................ ..………144 Combining Statement of Revenues, Expenses and Changes in Net Assets – Nonmajor Enterprise Funds .......................................................................................... 145 Statement of Cash Flows – Nonmajor Enterprise Funds ....................................................................... 146 Combining Financial Statements – Internal Service Funds: Internal Service Funds Descriptions ..................................................................................................... 147 Combining Statement of Net Assets – Internal Service Funds ............................................................. 148 ii TABLE OF CONTENTS Combining Statement of Revenues, Expenses and Changes in Net Assets – Internal Service Funds .................................................................................................. 150 Statement of Cash Flows – Internal Service Funds ............................................................................... 152 Combining Financial Statements – Agency Funds: Trust and Agency Funds Descriptions .................................................................................................. 154 Combining Statement of Changes in Assets and Liabilities – Agency Funds ............................................................................................... 155 Combining Schedule of Revenues, Expenditures and Changes in Fund Balances (Deficit) – Budget and Actual on Budgetary Basis: Combining Schedule of Revenues, Expenditures and Changes in Fund Balances (Deficit) – Budget and Actual on Budgetary Basis – Certain Special Revenue Funds ...................................... 157 Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual on Budgetary Basis – Capital Improvement Fund ............................................ 180 Combining Schedule of Revenues, Expenditures and Changes in Fund Balances (Deficit) – Budget and Actual on Budgetary Basis – Certain Capital Projects Funds ........................................ 181 STATISTICAL SECTION Statistical Section Descriptions............................................................................................................................. 187 Net Assets by Component .................................................................................................................................... 189 Changes in Net Assets.......................................................................................................................................... 190 Funds Balances – Governmental Funds .............................................................................................................. 192 Changes in Fund Balances – Governmental Funds ........................................................................................... 193 Assessed Value and Actual Value of Taxable Property....................................................................................... 194 Property Tax Rates – Direct and Overlapping