2009 Comprehensive Annual Financial Report
THE CITY OF PENSACOLA, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED SEPTEMBER 30, 2009 Prepared by: Financial Services Department Richard Barker, Jr. Director of Finance ACCOUNTING STAFF Pamela Childers, CPA, CGFO Amber McClure, CPA Laura Picklap, CPA CITY OF PENSACOLA, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER 30, 2009 TABLE OF CONTENTS I. INTRODUCTORY SECTION Letter of Transmittal 1-12 Government Finance Officer’s Association Certificate of Achievement 13 Organizational Chart 14 List of Elected and Appointed Officials 15-16 II. FINANCIAL SECTION Independent Auditors’ Report 17-18 A. MANAGEMENT’S DISCUSSION AND ANALYSIS (REQUIRED SUPPLEMENTARY INFORMATION) 19-37 B. BASIC FINANCIAL STATEMENTS Government-wide Financial Statements Statement of Net Assets 38-39 Statement of Activities 40-41 Fund Financial Statements Governmental Funds Financial Statements Balance Sheet 42-43 Statement of Revenues, Expenditures, and Changes in Fund Balances 44 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities 45 Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – General Fund 46 Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Housing Assistance Payments Fund 47 Proprietary Funds Financial Statements Statement of Net Assets 48-49 Statement of Revenues, Expenses, and Changes in Fund Net Assets 50 Statement of Cash Flows 51-52 i CITY OF PENSACOLA, FLORIDA TABLE OF CONTENTS (CONTINUED) Fiduciary Funds Financial Statements Statement of Net Assets 53 Statement of Changes in Net Assets 54 Notes to Financial Statements Note I – Summary of Significant Accounting Policies 55-64 Note II – Stewardship, Compliance, and Accountability 64 Note III – Detail Notes on All Funds 65-81 Note IV – Other Information 81-94 Note V – Subsequent Events 95-96 C.
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