Cook County, Illinois
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Todd H. Stroger President Cook County Board of Commissioners Comprehensive Annual Financial Report for the Year Ended November 30, 2008 Jaye M. Williams Constance M. Kravitz, CPA Chief Financial Officer Comptroller Introductory Section COOK COUNTY, ILLINOIS COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Year Ended November 30, 2008 TABLE OF CONTENTS A. INTRODUCTORY SECTION Page Table of Contents..............................................................................................................................................i – iv Members of the Board of Commissioners ........................................................................................................... v Letter of Transmittal........................................................................................................................................vi – xv Organizational Chart..................................................................................................................................... xvi – xvii B. FINANCIAL SECTION Exhibit Page Independent Auditors’ Report ...................................................................................................................... 1 – 2 Management’s Discussion and Analysis ..................................................................................................... 3 – 24 Basic Financial Statements Government-wide Financial Statements: Statement of Net Assets ............................................................................................... 1..................... 25 Statement of Activities ................................................................................................. 2................. 26 – 27 Fund Financial Statements: Balance Sheet – Governmental Funds.......................................................................... 3................. 28 – 29 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets .............................................................................................. 4..................... 30 Statement of Revenues, Expenditures and Changes in Funds Balance – Governmental Funds ...................................................................................................5................. 31 – 32 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities........................ 6..................... 33 Statement of Revenues, Expenditures and Encumbrances General Fund Budget and Actual (Non-GAAP Budget Basis) ........................................................... 7..................... 34 Statement of Revenues, Expenditures and Encumbrances Motor Fuel Tax Fund Budget and Actual (Non-GAAP Budget Basis) ........................................................... 8..................... 35 Statement of Revenues, Expenditures and Encumbrances Annuity and Benefit Fund Budget and Actual (Non-GAAP Budget Basis) ........................................................... 9..................... 36 Statement of Net Assets Proprietary Fund .................................................................. 10.................... 37 Statement of Revenues, Expenses and Changes in Net Assets Proprietary Fund ....... 11.................... 38 Statement of Cash Flows Proprietary Fund................................................................. 12.................... 39 Statement of Fiduciary Net Assets Fiduciary Funds ................................................... 13.................... 40 Statement of Changes in Fiduciary Net Assets ........................................................... 14.................... 41 Combining Statement of Net Assets Component Units .............................................. 15.................... 42 Combining Statement of Activities Component Units ................................................ 16................ 43 – 44 Notes to Basic Financial Statements........................................................................................................... 45 – 104 Required Supplemental Information – Schedule of Funding Progress ...................................................... 105 i Supplemental Combining and Individual Fund Statements and Schedules: Schedule Page General Fund – Combining Balance Sheet by Account.......................................................................A-1..................107 Schedule of Revenues, Expenditures and Changes In Fund Balance by Account .....A-2.................. 108 Corporate Account Schedule of Revenues, Expenditures and Encumbrances Budget and Actual (Non-GAAP Budget Basis) .........................................................A-3.................. 109 Public Safety Account Schedule of Revenues, Expenditures and Encumbrances Budget and Actual (Non-GAAP Budget Basis) .........................................................A-4.................. 110 Combining Schedule of Revenues and Other Financing Sources ..............................A-5............. 111 – 112 Debt Service Fund – Bond and Interest Fund Schedule of Revenues, Expenditures and Encumbrances Budget and Actual (Non-GAAP Budget Basis) .................................................. B-1.................. 114 Capital Projects Fund – Combining Balance Sheet by Account....................................................................... C-1............. 116 – 117 Combining Schedule of Revenues, Expenditures And Changes In Fund Balance by Account .......................................................................................... C-2............. 118 – 119 Nonmajor Governmental Funds – Combining Balance Sheet ..........................................................................................D-1.................. 124 Schedule of Revenues, Expenditures and Changes In Fund Balance by Account .....D-2.................. 125 Combining Balance Sheet – Nonmajor Special Revenue Funds................................D-3............. 126 – 136 Combining Schedule of Revenues, Expenditures and Changes In Fund Balance by Account – Nonmajor Special Revenue Funds................................D-4............. 137 – 147 Schedule of Revenues, Expenditures and Encumbrances Budget and Actual (GAAP Basis) Nonmajor Special Revenue Fund – Forest Preserve District Fund – Debt Service Fund ...................................................D-5.................. 148 Schedule of Revenues, Expenditures, and Encumbrances Budget and Actual (Non-GAAP Budget Basis) Nonmajor Special Revenue Fund 911 Surcharge Reallocation (ETSB) ..........................................................................D-6.................. 149 Schedule of Revenues, Expenditures and Encumbrances Budget and Actual (Non-GAAP Budget Basis) Nonmajor Special Revenue Fund – Geographical Information Systems ............................................................................D-7.................. 150 Schedule of Revenues, Expenditures and Encumbrances Budget and Actual (Non-GAAP Budget Basis) Nonmajor Special Revenue Fund – Motor Fuel Tax Illinois First (1st)...............................................................................D-8.................. 151 Schedule of Revenues, Expenditures and Encumbrances Budget and Actual (Non-GAAP Budget Basis) Nonmajor Special Revenue Fund – Township Roads.........................................................................................................D-9.................. 152 Schedule of Revenues, Expenditures and Encumbrances Budget and Actual (Non-GAAP Budget Basis) Nonmajor Special Revenue Fund – Election .....................................................................................................................D-10................. 153 Schedule of Revenues, Expenditures and Encumbrances Budget and Actual (Non-GAAP Budget Basis) Nonmajor Special Revenue Fund – County Recorder Document Storage System ............................................................D-11................. 154 Schedule of Revenues, Expenditures and Encumbrances Budget and Actual (Non-GAAP Budget Basis) Nonmajor Special Revenue Fund – Animal Control..........................................................................................................D-12................. 155 Schedule of Revenues, Expenditures and Encumbrances Budget and Actual (Non-GAAP Budget Basis) Nonmajor Special Revenue Fund – County Recorder Document Storage System ............................................................D-13................. 156 ii Schedule Page Schedule of Revenues, Expenditures and Encumbrances Budget and Actual (Non-GAAP Budget Basis) Nonmajor Special Revenue Fund – County Clerk Automation .........................................................................................D-14................. 157 Schedule of Revenues, Expenditures and Encumbrances Budget and Actual (Non-GAAP Budget Basis) Nonmajor Special Revenue Fund – Circuit Court Document Storage ..............................................................................D-15................. 158 Schedule of Revenues, Expenditures and Encumbrances Budget and Actual (Non-GAAP Budget Basis) Nonmajor Special Revenue Fund – Emergency Telephone System ..................................................................................D-16................. 159 Schedule of Revenues, Expenditures and Encumbrances Budget and Actual (Non-GAAP Budget Basis) Nonmajor Special Revenue Fund – Circuit Court Dispute Resolution ..............................................................................D-17................