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Master Financial Statements City Of STATESBORO, GEORGIA Comprehensive Annual Financial Report Fiscal Year Ending June 30, 2012 City of Statesboro, Georgia Prepared by Cindy West, Finance Director and the Finance Department Comprehensive Annual Financial Report For the Fiscal Year Ending June 30, 2012 City of Statesboro, Georgia Comprehensive Annual Financial Report For The Year Ended June 30, 2012 TABLE OF CONTENTS Introductory Section (Unaudited) Letter of Transmittal…………………………………………………………………………..v List of Elected Officials (In office as of June 30, 2012) ......................................................... xii List of Appointed Officials ..................................................................................................... xiii Organizational Chart .............................................................................................................. xiv Financial Section Independent Auditors’ Report .................................................................................................1 Management’s Discussion and Analysis (Unaudited) ................................................3 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Assets........................................................................................................13 Statement of Activities .........................................................................................................14 Fund Financial Statements: Governmental Funds: Balance Sheet .......................................................................................................................15 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets....................................................................................................................... 16 Statement of Revenues, Expenditures and Changes in Fund Balances ...............................17 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities .......................................18 Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual - General Fund .............................................................................19 Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Statesboro Fire Service Fund ....................................................21 Proprietary Funds: Statement of Net Assets........................................................................................................23 Statement of Revenues, Expenses, and Changes in Fund Net Assets ..................................24 Statement of Cash Flows ......................................................................................................25 Notes to the Basic Financial Statements ................................................................................26 Supplementary Information Individual Fund Statements and Schedules: Governmental Funds i City of Statesboro, Georgia Comprehensive Annual Financial Report For The Year Ended June 30, 2012 Nonmajor Governmental Funds – By Fund Type: Combining Balance Sheet………………………………………………………….…….....49 Combining Statement of Revenues, Expenditures and Changes in Fund Balances……………………………………………………………………………......50 General Fund: Comparative Balance Sheet ………………………………………………………….……..51 Comparative Statement of Revenues, Expenditures and Changes in Fund Balances……....52 Major Capital Projects Funds: 2007 SPLOST Fund Comparative Balance Sheet ……………………………………………………………….54 Comparative Statement of Revenues, Expenditures and Changes in Fund Balances……...55 Nonmajor Capital Projects Funds: Capital Improvements Program Fund Comparative Balance Sheet ……………………………………………………………….56 Comparative Statement of Revenues, Expenditures and Changes in Fund Balances……..57 Major Special Revenue Funds: Statesboro Fire Service Fund Comparative Balance Sheet ………………………………………………………………58 Comparative Statement of Revenues, Expenditures and Changes in Fund Balances….….59 Nonmajor Special Revenue Funds: Combining Balance Sheet ...................................................................................................60 Combining Statement of Revenues, Expenditures and Changes in Fund Balances ............61 Confiscated Asset Fund Comparative Balance Sheet ................................................................................................62 Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual ..........................................................................................................63 Community Development Block Grant Fund Comparative Balance Sheet ................................................................................................64 Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual ..........................................................................................................65 Department of Justice Fund Comparative Balance Sheet .................................................................................................66 Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual ...........................................................................................................67 Hotel/Motel Tax Fund Comparative Balance Sheet .................................................................................................68 Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual ...........................................................................................................69 Multiple Grant Fund Comparative Balance Sheet .................................................................................................70 Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual ...........................................................................................................71 Technology Fee Fund Comparative Balance Sheet .................................................................................................72 ii City of Statesboro, Georgia Comprehensive Annual Financial Report For The Year Ended June 30, 2012 Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual ..................................................................................................................73 Proprietary Funds: Enterprise Funds: Major Enterprise Funds: Water and Sewer Operating Fund Comparative Statement of Net Assets .........................................................................74 Comparative Statement of Revenues, Expenses and Changes in Fund Net Assets ........................................................................................................75 Reclaimed Water System Fund Comparative Statement of Net Assets .........................................................................76 Comparative Statement of Revenues, Expenses and Changes in Fund Net Assets ........................................................................................................77 Gas Operating Fund Comparative Statement of Net Assets .........................................................................78 Comparative Statement of Revenues, Expenses and Changes in Fund Net Assets ........................................................................................................79 Solid Waste Collection Fund Comparative Statement of Net Assets .........................................................................80 Comparative Statement of Revenues, Expenses and Changes in Fund Net Assets ........................................................................................................81 Solid Waste Disposal Fund Comparative Statement of Net Assets .........................................................................82 Comparative Statement of Revenues, Expenses and Changes in Fund Net Assets ........................................................................................................83 Internal Service Funds: Combining Statement of Net Assets………………………………………………….. …..84 Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets ..............85 Combining Statement of Cash Flows ..................................................................................86 Health Insurance Fund Comparative Statement of Net Assets .........................................................................88 Comparative Statement of Revenues, Expenses and Changes in Fund Net Assets ........................................................................................................89 Fleet Management Fund Comparative Statement of Net Assets .........................................................................90 Comparative Statement of Revenues, Expenses and Changes in Fund Net Assets ........................................................................................................91 Workers Compensation Fund Comparative Statement of Net Assets .........................................................................92 Comparative Statement of Revenues, Expenses and Changes in Fund Net Assets ........................................................................................................93 Schedule of SPLOST Expenditures .........................................................................................94 iii City of Statesboro, Georgia Comprehensive
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