2016 Comprehensive Annual Financial Report
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Augusta’s River Region by Rhian Swain Comprehensive Annual Financial Report For the year ended December 31, 2016 Prepared By: The Augusta, Georgia Finance Department Donna B. Williams, CGFM Director of Finance THIS PAGE INTENTIONALLY LEFT BLANK AUGUSTA, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2016 Prepared by: Augusta, Georgia Finance Department Donna Williams, CGFM Director of Finance THIS PAGE INTENTIONALLY LEFT BLANK AUGUSTA, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2016 TABLE OF CONTENTS Page INTRODUCTORY SECTION Letter of Transmittal – Finance Director ........................................................................................................... i – v GFOA Certificate ...................................................................................................................................................... vi Organizational Chart ............................................................................................................................................. vii Listing of Principal Officials .................................................................................................................... viii and ix FINANCIAL SECTION Independent Auditor's Report ........................................................................................................................ 1 - 4 Management’s Discussion and Analysis .................................................................................................... 5 - 16 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ............................................................................................................. 17 and 18 Statement of Activities .................................................................................................................. 19 and 20 Fund Financial Statements Balance Sheet – Governmental Funds ..................................................................................................... 21 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position ......................................................................................................................................... 22 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds .......................................................................................................... 23 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities ............................................ 24 General Fund – Statement of Revenues, Expenditures and Changes in Fund Balances – Budget (GAAP Basis) and Actual ............................................................................ 25 Fire Protection Fund – Statement of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual ........................................................................................ 26 Statement of Net Position – Proprietary Funds ....................................................................................... 27 Statement of Revenues, Expenses and Changes in Fund Net Position – Proprietary Funds ................................................................................................................. 28 Statement of Cash Flows – Proprietary Funds ............................................................................ 29 and 30 Statement of Fiduciary Net Position – Fiduciary Funds ......................................................................... 31 Statement of Changes in Fiduciary Net Position – Fiduciary Funds .................................................... 32 Notes to Financial Statements .............................................................................................................. 33 - 105 Required Supplementary Information: Schedule of Funding Progress – Other Post-employment Benefit Plan ................................................. 106 Schedule of Changes in the Government’s Net Pension Liability and Related Ratios – 1945 Plan .................................................................................................................. 107 Schedule of Changes in the Government’s Net Pension Liability and Related Ratios – General Retirement Plan ......................................................................................... 108 Schedule of Changes in the Government’s Net Pension Liability and Related Ratios – Georgia Municipal Employees Benefit System Plan ............................................ 109 AUGUSTA, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2016 TABLE OF CONTENTS (CONTINUED) Page FINANCIAL SECTION (CONTINUED) Required Supplementary Information (Continued): Schedule of Government Contributions – 1945 Plan ................................................................................ 110 Schedule of Government Contributions – General Retirement Plan ....................................................... 111 Schedule of Government Contributions – Georgia Municipal Employees Benefit System Plan ......... 112 Schedule of Pension Investment Returns – 1945 Plan ............................................................................. 113 Schedule of Pension Investment Returns – General Retirement Plan .................................................... 114 Schedule of Contributions – Richmond County Health Department ....................................................... 115 Schedule of Proportionate Share of the Net Pension Liability – Richmond County Health Department .................................................................................................... 116 Combining and Individual Fund Statements and Schedules: Nonmajor Governmental Funds Combining Balance Sheet – Nonmajor Governmental Funds ............................................................. 117 Combining Statement of Revenues, Expenditures and Changes In Fund Balances – Nonmajor Governmental Funds ........................................................................ 118 Combining Balance Sheet – Nonmajor Special Revenue Funds ............................................... 119 - 123 Combining Statement of Revenues, Expenditures and Changes In Fund Balances – Nonmajor Special Revenue Funds ........................................................... 124 - 128 Budgetary Compliance – Special Revenue Funds Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Urban Services District .................................................................. 129 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Emergency Telephone System ...................................................... 130 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual – Tax Allocation District 1 ................................................................. 131 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Tax Allocation District 2 ................................................................. 132 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Tax Allocation District 3 ................................................................. 133 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Tax Allocation District 4 ................................................................. 134 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Occupational Tax ............................................................................ 135 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Special Assessment ....................................................................... 136 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Hotel/Motel Tax and Promotion/Tourism ...................................... 137 AUGUSTA, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2016 TABLE OF CONTENTS (CONTINUED) Page FINANCIAL SECTION (CONTINUED) Combining and Individual Fund Statements and Schedules (Continued) Budgetary Compliance – Special Revenue Funds (Continued) Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Housing and Neighborhood Development ................................... 138 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Urban Development Action Grant ................................................. 139 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Federal Drug Fund .......................................................................... 140 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – State Drug Fund .............................................................................. 141 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Downtown Development ................................................................ 142 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Convention Center .......................................................................... 143 Schedule of Revenues, Expenditures and Changes in Fund Balance