Year Ended June 30, 2016

COUNTY OF PRINCE GEORGE, VIRGINIA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED JUNE 30, 201 COUNTY OF PRINCE GEORGE,VIRGINIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2016 Prepared By: Prince George County Finance Department i COUNTY OF PRINCE GEORGE, VIRGINIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2016 TABLE OF CONTENTS Page INTRODUCTORY SECTION Title Page i Table of Contents iii-vi Principal Officials vii Organizational Chart ix Certificate of Achievement xi Letter of Transmittal xiii-xvi FINANCIAL SECTION Independent Auditors’ Report 1-3 Management’s Discussion and Analysis 5-12 Basic Financial Statements Government-wide Financial Statements: Exhibit 1 Statement of Net Position 17 Exhibit 2 Statement of Activities 18-19 Fund Financial Statements: Exhibit 3 Balance Sheet–Governmental Funds 23 Exhibit 4 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position 24 Exhibit 5 Statement of Revenues, Expenditures and Changes in Fund Balances–Governmental Funds 25 Exhibit 6 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 26 Exhibit 7 Statement of Net Position–Proprietary Funds 27 Exhibit 8 Statement of Revenues, Expenses and Changes in Net Position–Proprietary Funds 28 iii COUNTY OF PRINCE GEORGE, VIRGINIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2016 TABLE OF CONTENTS (CONTINUED) Page FINANCIAL SECTION:(CONTINUED) Basic Financial Statements: (Continued) Fund Financial Statements: (Continued) Exhibit 9 Statement of Cash Flows–Proprietary Funds 29 Exhibit 10 Statement of Net Position–Fiduciary Funds 30 Exhibit 11 Statement of Changes in Fiduciary Net Position–Pension Trust Fund 31 Notes to Financial Statements 33-91 Required Supplementary Information: Exhibit 12 Schedule of Revenues, Expenditures and Changes in Fund Balances–Budget and Actual–General Fund 95-98 Exhibit 13 Schedule of Components of and Changes in Net Pension Liability and Related Ratios–Primary Government 99 Exhibit 14 Schedule of Components of and Changes in Net Pension Liability and Related Ratios–Component Unit School Board (nonprofessional) 100 Exhibit 15 Schedule of Employer’s Share of Net Pension Liability VRS Teacher Retirement Plan 101 Exhibit 16 Schedule of Employer Contributions 102 Exhibit 17 Notes to Required Supplementary Information 103 Exhibit 18 Schedule of OPEB Funding Progress 104 Exhibit 19 Schedule of Changes in Net Pension Liability and Related Ratios–Pension Trust Fund 105 Exhibit 20 Schedule of Employer Contributions (GASB 67) 106 iv COUNTY OF PRINCE GEORGE, VIRGINIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2016 TABLE OF CONTENTS (CONTINUED) Page FINANCIAL SECTION:(CONTINUED) Other Supplementary Information: Exhibit 21 Schedule of Revenues, Expenditures and Changes in Fund Balances–Budget and Actual–County Capital Projects Fund 108 Exhibit 22 Schedule of Revenues, Expenditures and Changes in Fund Balances–Budget and Actual–County Debt Service Fund 109 Exhibit 23 Combining Balance Sheet—Nonmajor Governmental Funds 110 Exhibit 24 Combining Statement of Revenues, Expenditures and Changes in Fund Balances—Nonmajor Governmental Funds 111 Exhibit 25 Schedule of Revenues, Expenditures, and Changes in Fund Balances-Budget and Actual—Nonmajor Governmental Funds 112-113 Exhibit 26 Combining Statement of Fiduciary Net Position—Agency Funds 115 Exhibit 27 Statement of Changes in Assets and Liabilities–Agency Funds 116 Discretely Presented Component Unit—School Board: Exhibit 28 Combining Balance Sheet—Governmental Funds 119 Exhibit 29 Combining Statement of Revenues, Expenditures and Changes in Fund Balances—Governmental Funds 120 Exhibit 30 Schedule of Revenues, Expenditures and Changes in Fund Balances—Budget and Actual—School Operating Fund 121 Exhibit 31 Schedule of Revenues, Expenditures and Changes in Fund Balances—Budget and Actual—Nonmajor Special Revenue Funds 122-123 STATISTICAL SECTION: Statistical Tables: Table 1 Net Position by Component 126-127 Table 2 Changes in Net Position 128-129 Table 3 Fund Balance Governmental Funds 130-131 v COUNTY OF PRINCE GEORGE, VIRGINIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2016 TABLE OF CONTENTS (CONTINUED) Page STATISTICAL SECTION:(CONTINUED) Statistical Tables: (Continued) Table 4 Changes in Fund Balances—Governmental Funds 132-133 Table 5 General Governmental Tax Revenues by Source 134-135 Table 6 Assessed Value and Actual Value of Taxable Property and Tax Rates 136-137 Table 7 Principal Property Taxpayers 138 Table 8 Property Tax Levies and Collections 139 Table 9 Ratios of Outstanding Debt by Type 140 Table 10 Ratios of General Bonded Debt by Type 141 Table 11 Computation of Legal Debt Margin 142-143 Table 12 Demographic and Economic Statistics 144 Table 13 Principal Employers 145 Table 14 County Government Employees 146 Table 15 Operating Indicators by Function/Program 147 Table 16 Capital Asset Statistics by Function 148 COMPLIANCE SECTION: Independent Auditors’ Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 149-150 Independent Auditors’ Report on Compliance For Each Major Program and on Internal Control over Compliance Required by the Uniform Guidance 151-152 Schedule of Expenditures of Federal Awards 153-154 Notes to Schedule of Expenditures of Federal Awards 155 Schedule of Findings and Questioned Costs 156 vi COUNTY OF PRINCE GEORGE,VIRGINIA PRINCIPAL OFFICIALS ON JUNE 30, 2016 Board of Supervisors William A. Robertson, Jr., Chairperson Jerry J. Skalsky, Vice-Chairperson Alan R. Carmichael T.J. Webb Donald Hunter County School Board Kevin S. Foster, Chairperson, Lewis E. Stevenson, Vice-Chairperson Reeve E. Ashcraft Robert E. Cox, Jr. Roger E. Franklin, Jr. Other Officials Chief Judge of the Circuit Court ............................................................................W. Allan Sharrett Judge of the Circuit Court .........................................................................................Nathan C. Lee Clerk of the Circuit Court ................................................................................... C. Bishop Knott, Jr. Chief Judge of the General District Court ...........................................................Stephen D. Bloom Judge of the General District Court ........................................................................... C. Ridley Bain Judge of the General District Court ...........................................................................Bruce A. Clark Judge of the General District Court ......................................................................H. Lee Townsend Chief Judge of the Juvenile and Domestic Relations Court ...................... Carson E. Saunders, Jr. Judge of the Juvenile and Domestic Relations Court .................................... Jacqueline Waymack Clerk of the Combined Court .............................................................................. Denise Covington Commonwealth’s Attorney ..................................................................................... Susan O. Fierro Commissioner of the Revenue ......................................................................... Darlene M. Rowsey Treasurer ................................................................................................................. Jean N. Barker Sheriff .......................................................................................................................... H.E. Allin, III County Administrator ........................................................................................... Percy C. Ashcraft Superintendent of Schools ...................................................................................... Renee Williams Director of Social Services ............................................................................ Shel Bolyard-Douglas vii PRINCE GEORGE COUNTY, VA County Citizens Treasurer Clerk of Commissioner Board of Commonwealth’s Sheriff Circuit Court of the Revenue Supervisors Attorney County Attorney County Victim Administrator Witness Deputy County Administrator Executive Assistant Deputy Clerk Community Economic ix Development & Development Code Compliance Tourism Building Official Planning & Zoning Community Engineer Finance Fire, EMS, General Human Information Parks and Police Real Estate Social Corrections Emergency Services Resources Systems Recreation Assessor Services Management Utilities GIS Animal Control Bldgs. & Grounds Emergency Adult Cooperative Voter Communications Fleet Mgt. Education Extension Registrar Service xi COUNTY OF PRINCE GEORGE, VIRGINIA Percy C. Ashcraft BOARD OF SUPERVISORS County Administrator William A. Robertson, Jr. Jerry J. Skalsky Alan R. Carmichael Donald Hunter T. J. Webb December 29, 2016 The Honorable Members of the Board of Supervisors County of Prince George, Virginia Members of the Board: We are pleased to submit to you the Comprehensive Annual Financial Report (CAFR) of Prince George County (the "County") for the fiscal year ended June 30, 2016. This report was prepared by the County's Department of Finance. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the County. We believe the data, as

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