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City of Fort Wayne, Indiana City of Fort Wayne, Indiana 2012 Comprehensive Annual Financial Report For the year ended December 31,2012 Thomas C. Henry Patricia A. Roller CPA Mayor Controller COMPREHENSIVE ANNUAL FINANCIAL REPORT City of Fort Wayne, Indiana Year Ended December 31, 2012 Patricia A. Roller, CPA Director of Finance and Administration City Controller Valerie A. Ahr Deputy Controller INTRODUCTION !"#$%&'(&)'*+%*+, -. -/!0123)!-1/& 4"5%6,7& &&&&&&&&&&&&&&& Table of Contents.......................................................................................................................................1-3 &&&&&&&&&&&&&&& Mayor’s Letter of Transmittal ......................................................................................................................... 5 &&&&&&&&&&&&&&& Chief Financial Officer’s Letter of Transmittal ..........................................................................................6-12 &&&&&&&&&&&&&&& Locator Maps .........................................................................................................................................13-15 &&&&&&&&&&&&&&& Organization Charts ...............................................................................................................................16-17 &&&&&&&&&&&&&&& List of Principal Officials.............................................................................................................................. 18 &&&&&&&&&&&&&&& Department Details ................................................................................................................................19-30 &&&&&&&&&&&&&&& Fort Wayne at a Glance .............................................................................................................................. 31 &&&&&&&&&&&&&&& GFOA Certificate of Excellence ................................................................................................................. 32 --. 8-/9/)-9:&;<)!-1/ Independent Auditor’s Report .................................................................................................................33-35 &&&&&&&&&&&&&&& Management’s Discussion and Analysis ................................................................................................36-46 &&&&&&&&&&&&&&& Basic Financial Statements: Government-wide Financial Statements: & &&&&&& Statement of Net Position .............................................................................................................48-49 &&&&&&&&&&&&&& &&&&&& Statement of Activities ........................................................................................................................ 50 &&&&&&&&&&&&&& &Fund Financial Statements: Balance Sheet – Governmental Funds .............................................................................................. 51 &&&&&& Reconciliation of the Balance Sheet to the Statement of Net Position ........................................................................................................ 52 Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds................................................................................................................. 53 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities ................................................................................... 54 Statement of Net Position – Proprietary Funds.................................................................................. 55 Statement of Revenues, Expenses, and Changes in Fund Net Position - Proprietary Funds .................................................................................................................... 56 Statement of Cash Flows – Proprietary Funds .................................................................................. 57 Statement of Net Position – Fiduciary Funds..................................................................................... 58 Statement of Changes in Net Position – Fiduciary Funds.................................................................. 59 Combining Statement of Net Position - Discretely Presented Component Units................................................................................... 60 Combining Statement of Activities - Discretely Presented Component Units................................................................................... 61 Notes to the Financial Statements 1. Summary of Significant Accounting Policies...............................................................63-74 2. Deposits and Investments ..........................................................................................74-76 3. Capital Assets .............................................................................................................77-79 4. Short-Term Liabilities....................................................................................................... 79 5. Long-Term Debt..........................................................................................................80-89 6. Operating Leases ........................................................................................................89-90 7. Deficit Fund Balances ...................................................................................................... 90 8. Interfund Balances and Activity...................................................................................90-92 9. Risk Management.......................................................................................................92-93 10. Segment Information ....................................................................................................... 94 11. Other Postemployment Benefits .................................................................................95-96 12. Conduit Debt……………………………………………………………………… .……… .…...96 & 1 & & &&&&&&&8-/9/)-9:&;<)!-1/ (Continued) 13. Restricted Assets........................................................................................................97-98 14. Restatements – Prior Period Adjustments..................................................................98-99 15. Lease and Subsequent Installment Sale of Electric Utility Assets ............................99-100 16. City of Fort Wayne Community Legacy Fund ................................................................ 100 17. Net Investment in Direct Financing Lease ..............................................................100-101 18. Unearned Revenue........................................................................ ……………………...101 19. Deferred Inflows of Resources ..................... ……………………………………………… 101 20. Fund Balance Classification........................................................................................... 102 21. Redevelopment Authority............................................................................................... 103 22. Commitments and Contingencies...........................................................................103-104 23. Subsequent Events.................................................................................................104-105 24. Net Investment in Capital Assets................................................................................... 105 25. Pension Plans .........................................................................................................106-113 &&&&&&&&&&&&&&&&&&& Required Supplementary Information: Budgetary Comparison Schedule - & &&&&&&&&&&&&& General Fund ............................................................................................................................ 115 &&&&&&&&&&&&&& &&&&&& Budgetary Comparison Schedule - & &&&&&&&&&&&&& Major Special Revenue Funds ...........................................................................................116-117 & Modified Approach Schedules: & &&&&&&&&&&&& Comparison of Needed-to-Actual Maintenance/Preservation Schedule .................................................................................... 118 Condition Rating for City of Fort Wayne Street Infrastructure .............................................................................................................. 118 Schedules of Funding Progress ....................................................................................................... 119 Schedules of Contributions from the Employer and other Contributing Entities.................................................................................................... 120 Notes to Required Supplementary Information.........................................................................121-123 Supplementary Information: Major Governmental Funds: & &&&&&&&&&&&&& Schedule of Expenditures - & & &&&&&&&&&&&&&&&&&& Budget and Actual General Fund..................................................................................126-127 &&&&&&&&&&&&&& & & Budgetary Comparison Schedules & & & & Other Budgeted Major Governmental Funds .................................................................. 128 & & Non-major Governmental Funds: & &&&&&&&&&&&&&&&&&& Combining Balance Sheet - & & & & Non-major Governmental Funds (by fund type) .............................................................. 131 Combining Statement of Revenues, & &&&&&&&&&&&&&&&&&& Expenditures, and Changes in Fund Balances - & & & & Non-major Governmental Funds (by fund type) .............................................................
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