County of Greene, Ohio
2019 Annual Information Statement
in connection with Bonds, Notes and Certificates of Indebtedness of the County
This Annual Informational Statement pertains to the operations of Greene County for the calendar year 2018 (where possible, 2019 data has been provided).
In addition to providing information on an annual basis, the County of Greene intends that this Statement will be used, together with information to be specifically provided by the County for that purpose, in connection with the original offering and issuance by the County of its bonds, notes and certificates of indebtedness.
Questions regarding information contained in this Annual Information Statement should be directed to David A. Graham, Greene County Auditor, Greene County Office Building, 69 Greene Street, Xenia, Ohio 45385.
The date of this Annual Information Statement is September 1, 2019.
TABLE OF CONTENTS
Page INTRODUCTORY STATEMENT ...... 1 GREENE COUNTY, OHIO ...... 2 County Government ...... 2 General Government ...... 3 Administration of Justice System ...... 4 County-owned Utilities ...... 4 Financial Management ...... 5 Permissive Taxes ...... 5 Management of County Facilities ...... 6 Personnel Administration...... 6 Employee Relations ...... 7 County Services and Responsibilities ...... 8 Job and Family Services ...... 8 Health Services ...... 9 ECONOMIC INFORMATION ...... 10 General Description ...... 10 Business and Industry ...... 10 Transportation ...... 13 Fire and Police Services ...... 14 Utilities ...... 14 Print and Broadcast Media ...... 15 Health ...... 15 Culture, Recreation and Education ...... 15 Population ...... 16 Employment ...... 17 Income and Housing Data ...... 20 Building Permits ...... 20 FINANCIAL MATTERS ...... 21 Introduction ...... 21 Budgeting, Tax Levy and Appropriations Procedures ...... 21 Financial Reports and Examinations of Accounts ...... 22 Insurance ...... 23 Investment Policy of the County...... 23 AD VALOREM TAXES ...... 26 Assessed Valuation ...... 26 Changes to Assessed Valuation ...... 29 Statutory Procedure and the Levying of Ad Valorem Property Taxes ...... 31 Collection of Ad Valorem Property Taxes and Special Assessments ...... 33 Delinquency Procedures ...... 35
OTHER MAJOR COUNTY FUND REVENUE SOURCES ...... 37 Sales Tax ...... 37 Changes to Ohio Sales Tax ...... 38 Sales Tax on Medicaid Managed-Care Organizations ...... 39 Historic Sales Tax Collections ...... 39 Local Government Fund ...... 40 Federal Funds ...... 40 Revenues From County Properties ...... 41 County General Fund ...... 42 SECURITY AND SOURCES OF PAYMENT FOR COUNTY GENERAL OBLIGATION BONDS AND NOTES ...... 42 Ad Valorem Property Tax Security ...... 42 Sources of Payment...... 43 INVESTMENT CONSIDERATIONS ...... 44 General ...... 44 Local Fiscal Emergency Legislation ...... 44 GREATER GREENE-LITTLE MIAMI SEWER DISTRICT ...... 46 General ...... 46 Management ...... 46 Method of Accounting ...... 46 Employees and Payroll ...... 47 THE WATER SYSTEM ...... 49 Description ...... 49 Operations ...... 50 Rate Covenant ...... 50 Rates (User Charges, Tap-In Fees, and Other Charges) ...... 51 User Charges ...... 51 Tap-In Fees ...... 52 Equalization Charge ...... 52 Connection Charges ...... 53 Other Expenses ...... 53 History...... 53 Comparable Water Rates ...... 54 Billing and Collection Procedures ...... 54 Historical and Projected Financial Data ...... 54 Greene County Sanitary Engineering Water Fund Five-Year 2014 through 2018 Overview 56 THE SEWER SYSTEM ...... 57 Description ...... 57 Operations ...... 60 Rate Covenant ...... 60 Rates (Sanitary Sewerage and Sewage Treatment Facilities Charges) ...... 61
ii Connection Charge...... 61 Equalization Charge ...... 62 Other Expenses ...... 62 Service Rates ...... 62 History...... 63 Comparable Sewer Rates ...... 64 Billing and Collection Procedures ...... 64 Historical and Projected Financial Data ...... 64 Greene County Sanitary Engineering Sewer Fund Five-Year 2014 through 2018 Overview 66 REQUIRED BOND ACCOUNT BALANCES...... 67 Water System ...... 67 Sewer System ...... 68 Future Major Capital Improvements for the District ...... 68 COUNTY DEBT AND OTHER LONG TERM OBLIGATIONS ...... 69 Statutory Direct Debt ...... 69 Indirect Debt Limitations ...... 70 Overlapping Debt ...... 71 Bond Anticipation Notes...... 72 OWDA Loans ...... 73 OPWC Loans ...... 74 Debt Currently Outstanding ...... 74 Grant Anticipation Obligations ...... 80 Other Obligations ...... 80 Leases and Contracts...... 80 Future Financings...... 80 EMPLOYER’S CONTRIBUTION TO PUBLIC EMPLOYEES RETIREMENT SYSTEM ..... 81 LEGAL MATTERS ...... 81 Litigation ...... 81 Bond Counsel ...... 81 RATINGS ...... 82 CONTINUING DISCLOSURE ...... 82 CONCLUDING STATEMENT ...... 83
APPENDICES APPENDIX A-1 Unaudited Financial Statements for the Year Ended December 31, 2018 APPENDIX A-2 Audited Financial Statements for the Year Ended December 31, 2017 APPENDIX B 2019 Appropriations Resolution APPENDIX C Financial Statement (Direct Debt Limitation) APPENDIX D Ten Mill Certificate (Indirect Debt Limitation) APPENDIX E Ad Valorem Tax Rates APPENDIX F Investment Policy
iii GREENE COUNTY, OHIO
INTRODUCTORY STATEMENT
The “Annual Information Statement in connection with Bonds, Notes and Certificates of Indebtedness of the County of Greene, Ohio” (the “Annual Statement”), including the Appendices hereto, has been prepared by the County of Greene (the “County”) to provide, as of its date, financial and other information relating to the County. The County intends that this Annual Statement be used in conjunction with information to be provided by the County for the original offering and issuance by the County of specific issues of bonds, notes or certificates of indebtedness. Taken together, the Annual Statement and information about a specific offering will serve as the Official Statement for each such issue. Following the distribution of this Annual Statement and concurrently with the original offering by the County of each particular issue of its bonds, notes or certificates of indebtedness, the County will distribute or make available specific information relating to that offering along with material to update what is contained in this Annual Statement.
The County has not bound itself contractually to furnish current information, in the form of a statement such as this or otherwise, on a continuing or regular basis and does not covenant to do so except for specific Continuing Disclosure Certificates or Agreements entered into for specific transactions (see “CONTINUING DISCLOSURE” herein). From time to time the County may elect to provide such information to parties named on a mailing list maintained by the County for such purpose. Names may be added to the mailing list by calling or writing to David A. Graham, Greene County Auditor, at (937) 562-5065, Greene County Office Building, 69 Greene Street, Xenia, Ohio 45385.
All financial and other information presented herein has been provided by the County from its records, except for information expressly attributed to other sources. The presentation of information, including tables of receipts from taxes and other sources, is intended to show recent historical information, and is not intended to indicate future or continuing trends in the financial position or other affairs of the County. No representation is made that past experience, as might be shown by such financial and other information, will necessarily continue in the future.
References herein to provisions of Ohio law, whether or not codified in the Ohio Revised Code (the “Revised Code”) and the Ohio Constitution, are references to such provisions as they presently exist. Any of those provisions may from time to time be amended, repealed or supplemented.
Certain information contained in this Annual Financial Information Statement is attributed to the Ohio Municipal Advisory Council (OMAC). OMAC compiles information from official and other sources. OMAC believes the information it compiles is accurate and reliable, but OMAC does not independently confirm or verify the information and does not guaranty its accuracy. OMAC has not reviewed this Official Statement to confirm that the information attributed to it is information provided by OMAC or for any other purpose.
Any addresses of or links to web sites, which may be contained herein, are given for the convenience of the user only. The County has not participated in the preparation, compilation or selection of information on these websites, and therefore presents no warranties or representations of the material contained therein. Further, the County assumes no responsibility or liability for the contents there.
As used in this Annual Statement, “debt service” means principal (including mandatory redemptions) of and interest on the obligations referred to, and “State” or “Ohio” means the State of Ohio.
GREENE COUNTY, OHIO
Greene County, Ohio, was named after the Revolutionary War hero General Nathaniel Greene and was established in May, 1803. The County covers 417.36 square miles. It is approximately 16 miles east of the City of Dayton and 19 miles south of the City of Springfield. Approximately 8,400 acres in the northwest corner of the County are occupied by the Wright- Patterson Air Force Base and the United States Air Force Museum. Surrounding counties include Montgomery to the west, Clark to the north, Fayette and Madison to the east, and Warren and Clinton to the south. The County is included in the Dayton Metropolitan Statistical Area (the “Metropolitan Area” or “MSA”) with Miami, Montgomery and Preble Counties.
County Government
The County has only those powers specifically conferred upon it by Ohio law. A three- member Board of County Commissioners (the “Commissioners”), elected at large in even- numbered years for four-year overlapping terms, is the primary legislative and executive body of the County.
In addition to three Commissioners, the eight other administrative officials of the County listed below are elected for terms of four years each, with the County Auditor and a County Commissioner elected at two year intervals before and after a presidential election year and the other County Commissioners and officers elected in each presidential election year. Common Pleas Judges, Domestic Relations and Juvenile Judges, and the Probate Judge are also elected on a County wide basis.
Board of County Commissioners
Present Term Name Assumed Office Expires Robert J. Glaser 1/13 01/01/21 Thomas R. Koogler 1/13 01/01/21 Richard Gould 1/19 12/31/22
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2 County Officials
Present Term Office Name Assumed Office Expires County Auditor David A. Graham 03/11 03/23 County Treasurer Kraig A. Hagler* 01/19 09/21 Clerk of Courts AJ Williams** 01/18 01/21 County Engineer Robert Geyer 01/97 01/21 County Recorder Eric C. Sears 01/09 01/21 County Sheriff Gene C. Fischer 07/03 01/21 County Coroner Kevin L. Sharrett 01/97 01/21 County Prosecuting Attorney Stephen K. Haller 11/06 01/21 ______* Mr. Kraig A. Hagler was appointed as the Greene County Treasurer by the Greene County Republican Central Committee on January 24, 2019 to fill the unexpired term of Richard Gould who was elected a County Commissioner on November 6, 2018. ** Mr. AJ Williams was appointed as the Greene County Clerk of Courts by the Greene County Commissioners on December 19, 2017 to fill the unexpired term of Terri Mazur who retired. On November 6, 2018, Mr. Williams was elected to complete the unexpired four year term.
General Government
Of the offices which can be grouped under the category of general government, in addition to the Commissioners, three elective offices are of particular pertinence.
The County Auditor is elected to a four-year term, and has the task of assessing real property for taxation purposes. A complete on-site inspection and reappraisal must be conducted every six years in addition to the triennial update of property values. The Auditor is also the fiscal officer of the County, and no County contract may be made without the Auditor’s certification that funds are available for payment or are in the process of being collected. In addition, no account may be paid except by the Auditor’s warrant drawn upon the County Treasurer. The Auditor is responsible for the County payroll and also has major accounting responsibilities.
The County Treasurer is required by state law to collect certain taxes and to distribute them to various governmental units. The Treasurer is the disbursing agent for expenditures authorized by the Commissioners and is also custodian of the County’s Bond Retirement Fund. The Treasurer must make daily reports to the County Auditor showing receipts, payments and balances. The Treasurer’s books of account must always balance with those of the County Auditor.
The County Engineer, required by law to be a registered professional engineer and surveyor, serves as the civil engineer for the County and its officials. Primary responsibilities are the construction, maintenance, and repair of the County’s roads, bridges, and drainage facilities. The Commissioners take bids on and award contracts for the projects recommended and approved by the Engineer. The County Engineer also prepares tax maps for the County Auditor.
3 In addition to these elected officials an appointed County Administrator directs and supervises activities of departments directly responsible to the Board of County Commissioners. The County Administrator is responsible for coordination of all County elected officials and Boards in the preparation of the County budget. The County Administrator is also the principal liaison between the Board of County Commissioners and other County officials, boards and other units of government.
Administration of Justice System
As a part of the administration of justice system in the County, the County maintains the Common Pleas Court, including the Domestic Relations, Juvenile and Probate Divisions, and the Court of Appeals (collectively referred to as the “County Courts”). The Prosecuting Attorney’s office and the County Jail are also maintained by the County. The Prosecuting Attorney is designated by Ohio law as the chief legal counsel for all County officers, boards, and agencies, including the Commissioners, the County Auditor and the County Treasurer.
The Clerk of Courts keeps all official records of the Common Pleas Court and serves as Clerk of the Court of Appeals. The office of Clerk of Courts operates on a system of fees charged for services and is essentially self-supporting.
The County Sheriff is the chief law enforcement officer of the County and provides certain specialized services which include maintaining a special staff of deputies to assist local law enforcement officers upon their request and to enforce the law in unincorporated areas of the County. The Sheriff also maintains the County Jail and is responsible for its inmates, including persons detained for trial or transfer to other institutions. As an officer of the County Courts, the Sheriff is charged with preparing and serving documents.
County-owned Utilities
The Greene County Sanitary Engineering Department (the “Sanitary Engineering Department”) operates four secondary wastewater treatment plants together with their appurtenant sanitary sewerage collection systems, and four “satellite” sanitary sewerage collection systems tributary to other wastewater treatment plants. The Sanitary Engineering Department also operates three water treatment plants together with their appurtenant water distribution systems, and seven “satellite” water distribution systems tributary to other water treatment plants and a Solid Waste Management District. Its 2018 annual payroll was $3,986,705 and it employed 92 full time employees and 1 intermittent employee as of December 31, 2018, with 86 employees dedicated to water and sewer utilities. Water and sewer payroll costs, together with those required for the maintenance and operation of the Sanitary Engineering Department’s facilities, are paid from water and sewer charges and inspection fees. These charges and fees are sufficient to pay the cost of operating and maintaining these water and sewer systems, as well as paying debt service on the County water and sewer revenue bonds and complying with the provisions of the trust agreements under which such revenue bonds were issued. The Solid Waste Management District payroll cost, maintenance and operation are paid from waste generation fees which are accounted for in a Special Revenue fund.
4 Financial Management
The Commissioners are responsible for providing and managing the funds used to support the various County activities. The Commissioners exercise their legislative powers in budgeting, appropriating, levying taxes, issuing bonds, and letting contracts for public works and services to provide this financial management.
Permissive Taxes
Ad valorem property taxes and sales tax were the largest sources of revenue for the County in 2018. Charges for services collected by the County offices and agencies accounted for the next largest portion of County revenues, followed by intergovernmental revenues. The County also has other revenue sources available to it, commonly known as the “permissive” taxes, two of which it has not yet utilized.
The Ohio Revised Code permits a county to levy a variety of permissive taxes including sales taxes, use taxes, motor vehicle license taxes, hotel lodging taxes, property transfer taxes, transit taxes, utility service taxes and liquor and cigarette taxes. These permissive taxes are subject to referendum and repeal by voter initiative. The County currently has in effect a motor vehicle license tax in the amount of $10.00 per vehicle, a one percent (1%) piggyback sales tax and a hotel lodging tax equal to three percent (3%) of gross room rentals. The County increased the piggyback sales tax from one-half of one percent (½%) to one percent (1%) effective February 1, 1987. The proceeds of the motor vehicle tax are required to be used for construction, maintenance and repair of streets and highways. A real property transfer tax (Section 322.02 Revised Code) not to exceed three mills was raised from 1 mill to 2 mills in 2003. The permissive tax which has not yet been utilized is a utility service tax at a rate not to exceed two percent (2%) of the utility service charges.
A summary of County permissive taxes and recent changes in the law concerning County sales taxes follows:
A motor vehicle license tax increase is also available to counties. The Revised Code allows a potential total increase to $15 if all authorized motor vehicle license taxes are levied by local governments, which includes the $5 presently permitted. Counties may enact up to an additional $10. If a county did not levy the tax by April 1, 1989 for the first new $5 authorized or by April 1, 1991 for the second $5 authorized, then any municipality may enact the tax. The County may still enact the tax after a municipality does, but the County tax will not apply in municipalities that have enacted the tax.
Pursuant to Section 5739.021 of the Revised Code, the County is permitted to levy up to a one percent (1%) sales tax on retail sales. The sales tax may be levied for the purpose of providing additional revenue for County general fund purposes, supporting criminal and administrative justice services in the County, funding a regional transportation improvement project, or any combination of the foregoing. The sales tax levied under Section 5739.021 of the Revised Code may be authorized by the Board of County Commissioners at any time and must be in increments that are multiples of one-quarter of one percent (¼%) or one-tenth of one 1 percent ( /10%) up to the maximum of one percent (1%), but the authorization of this sales tax is
5 subject to repeal by voter referendum. The County is currently levying a one percent (1%) sales tax pursuant to Section 5739.021 of the Revised Code.
In addition, pursuant to Section 5739.026 of the Revised Code, the County may levy an additional one-half of one percent (½%) sales tax on retail sales, for several purposes, which include, but are not necessarily limited to: financing a convention center, providing additional revenue for a county transit authority, financing a sports facility, for general fund purposes, for permanent improvements under the jurisdiction of the Community Improvement Board, for the implementation of a 9-1-1 system or for the maintenance and operation of a detention facility. The sales tax levied under Section 5739.026 of the Revised Code must be levied in increments 1 that are multiples of one-quarter of one percent (¼%) or one-tenth of one percent ( /10%). Further, a one-quarter of one percent (¼%) or one-half of one percent (½%) sales tax levied under Section 5739.026 of the Revised Code is subject to voter approval, except when it is levied solely to provide additional general fund revenues, in which case it is subject to repeal by voter referendum. The sales tax levied pursuant to Section 5739.026 of the Revised Code (one-half of one percent (½%) is levied in addition to the one percent (1%) county sales tax that may be levied under Section 5739.021 of the Revised Code. The County is currently not levying levy an additional one-half of one percent (½%) sales tax under Section 5739.026 of the Revised Code.
Management of County Facilities
The Commissioners have certain responsibilities for the management of most County facilities, including various courts, correctional and administrative facilities and general County government facilities.
Personnel Administration
Legislative and Executive costs account for the largest share of the County’s general fund expenditures, followed closely by Public Safety expenditures. There are a number of independent boards and commissions which administer a large variety of services within the County, including, among others, the Department of Job and Family Services, the Veterans’ Commission, the Board of Developmental Disabilities, and the Health Department.
Some of these boards and commissions are appointed by the Commissioners and are subject to complete fiscal control by the Commissioners, while others, to varying extents, are independent of the Commissioners’ fiscal control. There are also instances in which the Commissioners do not have appointment powers but do have extensive fiscal responsibilities. For example, the Commissioners have extensive financing, funding, budgeting and accounting responsibilities for the Board of Elections and for various courts but do not make appointments to the Board of Elections or the courts.
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6 Employee Relations
As of December 31, 2018, Greene County employed 928 full-time employees in various job classifications. Its 2018 payroll was $50,173,008.
The Collective Bargaining Law provides that public employees of the State and many local subdivisions (including the County) have the right to organize, bargain collectively and have union representation. The employer must recognize and grant exclusive representation rights to a representative approved by the State Employment Relations Board (“SERB”). SERB approval may be granted either after fulfillment of the requirements promulgated in its regulations or by majority approval of the employees at an SERB supervised election. The employer has the right to insist on an election. Any agreements under the Collective Bargaining Law must be in writing, must specify a grievance procedure and cannot exceed three years in duration.
The Collective Bargaining Law also designates those actions which constitute unfair labor practices and prescribes procedures for their remedy. It also sets forth dispute resolution procedures for contract negotiation impasses, including arbitration or other mutually agreeable methods. If the impasse persists after conciliation procedures, then police, fire, correctional officers, and other public safety employees must take the dispute to binding arbitration and do not have the right to strike. All other employees have the right to strike after 10 days written notice.
The County has labor agreements with the following employee unions:
Type of Personnel Number of Date Contract Date Contract Union Covered Employees Commenced Expires Ohio Teamsters Local 957 Job and Family Services 12 07/01/2019 06/30/2022 AFSCME Public Works/ 13 01/01/2015 12/31/2020 Sanitary Engineering AFSCME Highway Dept. 11 01/12/2018 01/11/2020 Greene County Deputy Sheriff’s Law Enforcement 137 04/02/2016 04/01/2019* Benevolent Assn. Professionals Guild of Ohio Children Services 18 02/16/2015 02/15/2021 ______* Negotiations are ongoing.
County Services staff has elected representation by AFSME and the County is currently negotiating contract terms with the union. The County knows of no other union organization seeking recognition at this time.
The County has experienced no employee strikes or work stoppages and the County considers labor relations with its employees to be good. The Public Employees Collective Bargaining Act, enacted by the Ohio General Assembly, expressly recognizes the right of collective bargaining for most government employees, including such employees’ right to strike, and permits agreements requiring binding arbitration of unresolved grievances, agency shops and dues check-off provisions.
7 County Services and Responsibilities
Job and Family Services
The County Department of Job and Family Services (the “Department”) administers the public welfare functions within the County. The Department is headed by a Director who is appointed by and is responsible to the Commissioners. The County Family Services Planning Committee advises the Director and is comprised of 15 members, 14 of whom are appointed by the Commissioners and one appointed by the County Probate Judge.
The Department is divided into several units, each of which is responsible for several different functions. For example, the Income Maintenance Unit is responsible for determining eligibility for the federal and state-supported Medicaid and Ohio Works First (Temporary Assistance to Needy Families (TANF)), Food stamps, Disability Assistance and other programs. The Social Service Division is responsible for managing Title XX programs, Day Care Assistance and Adult Protective Service Programs. The Greene Works Division is responsible for managing employment related services for the Workforce Investment Program (WIA) and other required Work Activity requirements for assistance recipients. The Child Support Enforcement Division (CSEA) is responsible for assisting custodial parents, and others, establishing and collecting court ordered child support as well as facilitating administrative adjustments to existing court orders.
The Department administers its own Prevention, Retention, Contingency (PRC) Program, which seeks to provide short term aid to families with federal TANF funds to assist people become or stay employed, keep children in their own home via contracted services or by agency staff.
The Department is one of the largest under the authority of the County Commissioners, with 137 full-time employees. Its 2018 payroll was $5,728,686. The Department depends extensively on State and federal funding. Much of the State and federal funding flows directly from those governments to welfare recipients in programs in which the County performs various administrative tasks such as eligibility determination. Expenditures of the County’s own funds for the activities and programs of the Department are derived in part from the general fund via an assessment referred to as the County mandated share. The County mandated share for fiscal year 2018 totaled $278,777. Expenditures in 2018 totaled $10,056,087 and total funding for 2018 was $10,065,863.
The Medical Assistance program administered by the Department includes the Federal Medicaid program, the State General Assistance Medical program, and the State Disability Assistance Medical program. The Department’s role in these programs includes the determination of the eligibility for benefits as well as the processing of vendor payments.
The Social Services programs administered by the Department include the Federal Title XX program, State and Federal grant programs, and locally funded projects, such as the Work Force Investment Act. The Department manages the direct delivery of such services as the investigation of neglect and abuse of adults, protective services, employment and training programs, a teen parenting program, and education advocacy-collaboration with other agencies
8 in helping children and their families to have more successful education experiences. Additionally, the Department contracts for, monitors, and evaluates the provision of a spectrum of social services and day care services which are delivered by independent agencies and individuals.
The Veterans Service Commission (the “Veterans Commission”), the County Board of Developmental Disabilities and the County Board of Mental Health also operate within the area of health and welfare but apart from the County Department of Human Services. The Veterans Commission assists veterans and their dependents in securing the materials and information needed to apply for and receive assistance under the various programs administered by the Veterans Administration. The five members of the Veterans Commission are appointed by the Common Pleas Court and serve five-year terms. The activities of the Veterans Commission are financed from general fund moneys. In 2018, the Veterans Commission received $829,549 from the general fund.
The County’s program for the developmentally disabled, operated through the Board of Developmental Disabilities, is responsible for providing various services to developmentally disabled children and adults, including training classes, workshops, and home services. Of the seven members of the Board of Developmental Disabilities, five are appointed by the Commissioners and two by the County Probate Judge. In addition to receiving state reimbursement and tuition reimbursement from the school boards in the County, the Board is presently funded by a voted levy for 3.50 mills.
Health Services
The County Health Department provides all of the usual services extended in Ohio, including home health care as well as plumbing, water and food service inspections. The County also runs several clinics. Major hospital services are provided by the Kettering Health Network, which runs two hospitals in both Xenia and Beavercreek, and several hospitals in nearby cities. See “ECONOMIC INFORMATION – General Description – Health.”
There are two County-wide levies to support hospital operations at Greene Memorial Hospital. The levy renewal was re-authorized in 2017 is for 0.50 mills and is being collected through 2020.
The County Combined Health District (the “Health District”) has three major components: District Advisory Council, Board of Health, and Health Commissioner and Staff. The District Advisory Council consists of village mayors, presidents of township trustees, and the president of the County Commissioners. The Council meets yearly to conduct business and select members to the Board of Health. This five-member Board is a public health policy- making body which meets at least once per month. The Board of Health appoints the Health Commissioner who supervises staff in the Administrative, Environmental, Plumbing, Preventive, and Water Quality/Solid Waste divisions. The Health District is not controlled by the County Commissioners, but rather operates as a separate district pursuant to Chapter 3709 of the Ohio Revised Code.
9 The District currently has 55 employees, with a 2018 payroll of $3,198,738. Total revenues and resources for 2018 were $8,941,110. Included in that amount are assessments of $358,298 from the 12 townships, 6 villages, and 4 contracting cities that are served by the District.
ECONOMIC INFORMATION
General Description
Business and Industry
The County has a diverse economy with industrial and agricultural components. A well- educated population, available acreage in close proximity to Wright Patterson Air Force Base and along major thoroughfares, as well as a convenient location between Cincinnati, Columbus and Dayton are often cited as reasons for the County’s attractiveness to new businesses. The quick commute to these cities has boosted the residential housing market in the County.
The County recently completed a triennial update of all properties in the county for tax year 2017 which had an impact on taxes paid in 2018. The County will undergo a sexennial reappraisal of all properties in the county for tax year 2020 which will impact taxes paid in 2021.
Commercial development has occurred along 1-675 which connects 1-75, 1-70 and US 35. Development in this area has included The Greene Towne Center, which has continued a strong retail presence since opening in 2006, offers more than 120 shops and offices, covering more than 1.1 million square feet of shopping area. Development at “The Greene” includes numerous restaurants, specialty shops, national retailers and professional offices. Other improvements and upgrades have been made to local retail developments in the County. In December 2016, the Greene County Port Authority issued $3 million in Bonds on behalf of the Mall at Fairfield Commons for energy improvement measures such as a new roof, upgraded insulation, and updated air conditioning equipment.
The $137 million Indu and Raj Soin Medical Center opened its doors in February 2012 and houses 90 patient beds and employs 200 staff. The Medical Center is the focal point of the Mills-Morgan Medical campus, located near Fairfield Commons Mall, and will be the site of medical office space and outpatient services. In 2015, a new 125 acre mixed-use development accommodating commercial and residential development started at the Cornerstone in Sugarcreek Township. Development has also occurred in Jamestown. Twist, Inc, one of the top five largest spring manufacturers in the U.S., invested $1 million to expand their facilities at two locations in the village. In 2015, Riverside Research, a premier not-for-profit provider of trusted technical and scientific expertise, constructed a new research facility in Beavercreek. Riverside Research expanded their research capacity in 2016 by opening a 30,000 square foot addition to the facility. The expanded facility houses research stations supporting research in plasma, optics, cyber computational electromagnetics, radio frequency systems, intelligence, surveillance and reconnaissance.
10 While development in the western portion of the County continues to bring commercial and residential growth, the eastern portion of the County has maintained its agricultural productivity. The County consists of nearly 244,000 acres of which 176,000 remain agricultural. This provides the County with diversity that cannot be seen in many counties in Ohio.
The County is also rich in quality institutions of higher learning. Few counties in Ohio offer its citizens the educational opportunities that Greene County affords its citizens. Sinclair Community College, Wright State University, Cedarville University, Central State University, Wilberforce University, Park College, Clark State Community College, Antioch College Continuation Corporation, Antioch University Midwest, and the Greene County Career Center all provide the citizens with the opportunity to improve themselves through higher education. Within the County, 8.5% of the adult population has an associate’s degree, 20.0% of the adult population has a bachelor’s degree, and 17.7% of the adult population has a graduate degree.
The County has a total of 6,064 businesses. In 2018, the leading industries within the County were Retail, Health Care and Social Sciences, Education and Accommodation and Food Services. Workers in the County earn an average yearly household income of $85,150 and 69.93% of households earn more than the national average each year ($60,336). As of 2017 (the most recent year for which data is available), household expenditures within the County average $65,207 per year. The majority of earnings are spent on shelter, transportation, food and beverages, health care, and utilities. Further, there are approximately 67% more households who own their homes in the County than there are renters.
The County’s largest employer, Wright-Patterson Air Force Base (WPAFB), is one of the largest, most diverse and organizationally complex Air Force installations in the United States. Past, present and future are inextricably linked here, from the pioneering flights of the Wright Brothers to the development of today’s most advanced aircraft and aerial systems. Missions for WPAFB’s more than 60 units vary from acquisition and logistics management, to research and development, advanced education, flight operations, and a vast array of other activities. WPAFB’s demand for technical skills has helped support the colleges and universities in Greene County. WPAFB employs over 27,000 military and civilian workers, but has also spurred local contractors working in high tech fields that help support development projects at the Air Force base. Further expansion of the base has occurred as a result of the most recent Base Realignment and Closure (BRAC) study. As a result of changes brought about by BRAC, WPAFB received 1,200 military and civilian positions on the base. The additional units will support missions in the areas of aerospace medicine research, human performance and sensors research. Approximately $339 million in construction and renovation have taken place to prepare facilities for new missions. The WPAFB has become the home of Centers of Excellence for Human Performance and Sensors Research.
In 2013, Barco, Inc., a Belgium based company that produces flight simulators for military contractors and the aviation industry, invested approximately $1 million into its demonstration and training center in Xenia. The training center showcases the company’s aviation-focused visual display systems and products. Barco, Inc. supplies major defense contractors such as L3, Lockheed Martin and many international customers.
11 In 2014, TJAR Innovations, LLC, a Xenia based tool and mold company, expanded into a new, 26,000 square foot facility to house both its Plastic Injection Tooling division and its Molding division under one roof. TJAR Innovations, LLC manufactures a range of products for various industries including military weapons, consumer goods and conveyor systems.
Residential development has also been very strong over the past three years in the City of Fairborn as three housing developments were announced or under construction in 2014. These developments include the Brinley Place Project (which will add 140 new condo/rental units to the local market), the Redwood Development (which features ranch-style housing units in a new 100-unit upscale residential development geared toward the senior market), and the Bluffs on Trebein development (which will add 185 new single-family homes to the Fairborn community in the $200,000 to $300,000 price range).
In September 2017, Department of Defense contractor Orbital ATK announced plans for a $5 million expansion that will add nearly 60 jobs at its current location in the City of Beavercreek. The 175,000 sq. ft. facility, which is involved in classified work on the next generation B-21 Raider stealth bomber, expects to expand operations by 40,000 square feet.
In October 2017, Lidl, a German grocery retailer, announced that it will open a store in the City of Beavercreek, one of the firs locations in Ohio. Lidl, which is known for its discounted prices on food products, is focused on its first round of 10 ten stores that just opened in North Carolina, South Carolina and Virginia. Lidl is also known for its private labels and innovative store layouts and also sells “fashionable but casual” clothing items.
In October 2017, PepsiCo announced that it will open a new warehouse in the City of Fairborn that will bring 150 jobs to the County. The new 150,000 sq. ft. facility is currently being constructed on Spangler Road near Ohio 444 and Interstate 675. According to PepsiCo, the new facility will enable the company to more efficiently and effectively serve its customers and consumers in the surrounding counties.
In 2018, construction began on a 75,200 square foot Reach Center is Xenia. The Center is a collaborative project with Clark State Community College, the City of Xenia, Kettering Health Network, the YMCA of Greater Dayton, Xenia Adult Recreation and Services Center and Central State University. The Center is designed to meet the health, educational and medical needs of the community. Phase one is scheduled to be completed in early 2019.
In January 2018, Synergy Building Systems announced it is planning a $30 million mixed-used development in Beavercreek including retail, office, restaurant and multi-family residential housing on approximately 10 acres.
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12 The following table shows the ten largest building permits (in terms of estimated construction cost) issued by the County in 2018. Also reflected is the diversity of the construction:
Estimated Project Applicant Value (Description) Kettering Medical Center/YMCA $10,035,000 Recreational CIL Isotope Separations LLC 9,000,000 Industrial FDS ATK Investment LLC 8,000,000 Industrial Michael D. Lofino, Trustee 7,251,440 Office Building Greene Innkeepers LLC 6,500,000 Hotel Clover Communities Beavercreek, LLC 5,500,000 Apartment Building Miami Valley Research 4,000,000 Industrial Mehland Developers LLC 4,000,000 Industrial Mills Barnett Radiance LLC 1,814,610 Office Building Mills Price Freda 1,800,000 Commercial ______Note: Does not include all investments at WPAFB, Central State or Wright State. Source: Greene County Auditor.
The final sector of the economy which continues to show economic growth is colleges and universities. Wright State University has an enrollment of approximately 15,558 and Cedarville University has an enrollment of approximately 4,193. The County is also home to Central State University which has a student body numbering approximately 2,171. Wilberforce University, the first predominantly African-American private university in the nation, has approximately 500 students enrolled. Antioch College, which suspended operations in July 2008 and spun off from Antioch University, reopened with a freshman class of 35 in the Fall of 2011 and an enrollment for fall 2018 of approximately 135 students. The Air Force Institute of Technology maintains an enrollment of 870 graduate students. Finally, Clark State Community College opened its Greene campus in 2007, with a 2018 enrollment of approximately 6,229 students. In January 2019, the campus was also expanded to Xenia, Ohio at the Xenia YMCA with a potential enrollment of 300-400 students. In addition, proprietary schools continue to grow in the County, including Hondros College, New Horizons Learning Center, Strayer University, DeVry University, Franklin University, and Harrison College.
Transportation
The County is served by highway and air transportation, in addition to river traffic on the Ohio River, less than 50 miles away.
The Greene County Airport, under the direction of the Greene County Regional Airport Authority, serves private and corporate aircraft with a lighted runway that is approximately 4,500 feet long. Aircraft storage and maintenance facilities are available as well as car and plane rentals. In addition to the County Airport, the nearby Dayton International Airport had 899,403 enplanements in 2018. Four airlines have non-stop daily departures to 16 cities.
13 Several major motor freight carriers in Fairborn and Jamestown, together with those in Dayton, provide highway freight transportation over Interstates 70, 71 and 675, as well as U.S. 35, 42 and 68 and eight state highways that pass through or along the borders of the County. In addition, Interstate 75 passes through Dayton and Interstate 71 passes through the southeastern corner of Greene County with access from U.S. 42.
Fire and Police Services
Fire protection in the County is provided by three city and ten township fire departments, which operate fire stations located in the County. These fire departments have mutual aid response agreements with other nearby municipalities.∗
Police protection is provided by four city, three village, and one township police departments as well as the County Sheriff’s department. The County Sheriff’s department consists of a Sheriff, 152 full-time officers and 34 auxiliary officers. Programs offered at the department geared toward community service include: bicycle patrol program, business and vacation check services, safety patrol program, safety tours and events, drug abuse resistance education, crime prevention and school liaison program. The County has mutual aid agreements with several municipal police departments in the County.
Utilities
The County receives electric service from the Dayton Power and Light Company and Ohio Edison and receives its gas service from Vectren. The County works through the County Commissioners Association of Ohio to purchase their electric through aggregation and natural gas through a cooperative in order to receive favorable pricing. Communications systems are provided primarily by AT&T.
Publicly-owned water systems serve all of the major incorporated areas and some areas adjacent thereto. The major municipalities all have public sewerage and sewage treatment facilities. The County owns and operates the water facilities serving the City of Beavercreek, the Village of Cedarville, and the Shawnee Hills community (a large residential development located in unincorporated New Jasper and Silvercreek Townships), and the portions of the Cities of Centerville and Kettering in Greene County. The County also owns and operates the sewerage facilities serving the Cities of Beavercreek and Bellbrook, and the Villages of Cedarville, Clifton, Shawnee Hills and Spring Valley), and the portions of the Cities of Centerville and Kettering in Greene County. The County has also developed sewer and water service for unincorporated areas of the County, and provides sewage treatment service for parts of Montgomery County. Funding for these facilities has been derived from local sources, federal grants, and charges to Montgomery County.
Several private solid waste collection companies serve the Metropolitan Area, particularly Waste Management, Rumpke and Allied Waste, with weekly collection of waste from residential dwellings, schools, hospitals and public institutions.
∗ Note, some of the County’s townships and villages have fire and police levies, but contract with other subdivisions to provide services.
14 Print and Broadcast Media
The County is served by all of the major newspapers, television and radio stations in Southwestern Ohio, including those in Cincinnati and Dayton. Cable television is available throughout the County. In addition, the County is served by seven local radio stations and five local newspapers.
Health
The Kettering Health Network operates two hospitals in Greene County. As of 2017, Greene Memorial Hospital in Xenia has 329 physicians on staff and 49 beds and the Soin Medical Center in Beavercreek has 612 physicians and 157 beds. Additionally, the Jamestown Family Medicine Center provides extensive medical services focusing on the rural portion of the county.
Culture, Recreation and Education
The cultural, educational, and recreational activities of Dayton and Cincinnati, including parks, museums, symphonies, theaters, and concerts, are easily accessible to Greene County residents. Greene County itself offers a wide variety of recreational activities including: the National Museum of the United States Air Force, the oldest and largest military aviation museum in the world; the National Afro-American Museum on the campus of Central State University in Wilberforce; Legacy Ministries, located at the old Ohio Veteran Children’s Home, now houses a complex for Athletes in Action which brings in student athletes from around the world to train and compete in various athletic events; and the Nutter Center on the campus of Wright State University provides the top names in entertainment and sporting events such as NCAA Division I basketball. In addition, there are seven colleges and universities, as well as vocational school and adult education programs available in the County. Greene County also offers John Bryan State Park, Shawnee Park, Caesars Creek State Park, Sugarcreek Reserve, Glen Helen Nature Reserve, Clifton Gorge State Nature Preserve, 32 recreation and playground facilities and a wildlife preserve. The major tourist attraction in the County is the National Museum of the United States Air Force, which draws approximately 1,200,000 visitors each year. A new fourth building at the Museum opened in 2016 which houses the Space, Presidential, Research & Development and Global Reach Galleries.
The County hosts a portion of the Little Miami Scenic Trail, which bikeway spans four counties, including Hamilton, Clermont, Warren, Greene and Clark Counties, covering approximately 75 miles. Greene County is also the home to the Creekside Trail, which begins in Xenia Station and ends 17 miles later at Eastwood MetroPark, providing convenient connections to several parks and other bikeways.
Source: Unless otherwise noted, Greene County Department of Development.
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15 Population
The following tables show census population data for the County and incorporated areas within the County:
Year Greene County Percentage Change 1970 125,057 --- 1980 129,769 3.8% 1990 136,731 5.4 2000 147,886 8.2 2010 161,573 9.3 2018 167,995* 4.0 ______* Population estimate as of July 1, 2018. Source: Ohio Development Services Agency, Office of Research (A State Affiliate of the U.S. Census Bureau).
Total Population of Incorporated Areas – 2018 Estimates
City of Beavercreek 47,391 City of Bellbrook 7,284 Village of Bowersville 337 Village of Cedarville 4,130 City of Centerville* 2 Village of Clifton* 103 City of Fairborn 33,658 Village of Jamestown 2,125 City of Kettering* 468 Village of Spring Valley 499 City of Xenia 26,783 Village of Yellow Springs 3,702 TOTAL 126,482 ____ * Figure includes only the number of people living in the County. Source: Ohio Development Services Agency, Office of Research (A State Affiliate of the U.S. Census Bureau).
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16 Total Population of Unincorporated areas – 2018 Estimates
Bath Twp. 8,169† Beavercreek Twp. 6,105† Caesarcreek Twp. 1,190 Cedarville Twp. 1,588† Jefferson Twp. 958† Miami Twp. 1,229† New Jasper Twp. 2,688 Ross Twp. 784† Silver Creek Twp. 1,778† Spring Valley Twp. 2,203† Sugarcreek Twp. 8,442† Xenia Twp. 6,379† TOTAL 41,513 ____ † Figures exclude incorporated portions of townships. Source: Ohio Development Services Agency, Office of Research (A State Affiliate of the U.S. Census Bureau). 2018.
Employment
The following table lists the average annual unemployment rates for Greene County, the State of Ohio and the United States for the past five years and the unemployment rates for the most recent month for which such data is available. The figures are expressed in percentages and represent the ratio of the total unemployed to the total labor force. These estimates are not seasonally adjusted.
Unemployment Statistics*
Year Greene County State of Ohio United States 2014 5.3% 5.8% 6.2% 2015 4.4 4.9 5.3 2016 4.4 5.0 4.9 2017 4.2 5.0 4.4 2018 4.0 4.6 3.9 July, 2019 4.3 4.6 4.0 _____ * Not seasonally adjusted Source: Ohio Bureau of Employment Services, Ohio Labor Market Information: Civilian Labor Force Estimates.
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17 Labor Force Statistics - Greene County*
Percent Year Total Labor Force Employment Unemployment Unemployed 2014 79,700 75,500 4,200 5.3% 2015 80,300 76,800 3,500 4.4 2016 81,100 77,600 3,500 4.4 2017 82,400 78,900 3,500 4.2 2018 82,100 78,800 3,300 4.0 July, 2019 83,700 80,100 3,600 4.3 ______* Not seasonally adjusted. Source: Ohio Department of Job & Family Services. Ohio Labor Market Information: Labor Force Estimates.
Largest Employers* (2018)
Approx. Number Name of Employer of Employees Wright Patterson Air Force Base 27,500 Wright State University 3,750 Kettering Health Network 1,668 Greene County 1,180 Beavercreek City School District 871 Kroger Stores 837 Unison Industries 800 Xenia Community School District 733 Wright Patt Credit Union 640 Fairborn City School District 617 ______* The above table includes both public and private employers in the County. Source: Greene County Auditor
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18 Dayton MSA Nonagricultural Wage & Salary Employment* (Not Seasonally Adjusted)
Employment Change (in thousands) (in thousands) From Last From Last July 2019b June 2019c July 2018c Month Year Total Nonagricultural 388.1 389.8 390.0 -1.7 -1.9 Goods-Producing Industries (Private) 57.7 57.9 56.6 -0.2 1.1 Mining, Logging, and Construction 14.0 14.0 13.7 0.0 0.3
Manufacturing 43.7 43.9 42.9 -0.2 0.8 Durable Goodsd 32.8 32.8 32.2 0.0 0.6 Transportation Equipment 7.4 7.5 7.5 -0.1 -0.1
Service-Providing Industries (Private) 270.0 271.4 273.3 -1.4 -3.3 Trade, Transportation, and Utilities 66.7 66.8 66.6 -0.1 0.1 Wholesale Trade 14.2 14.3 14.2 -0.1 0.0 Retail Trade 39.5 39.6 39.7 -0.1 -0.2 General Merchandise Stores 8.0 7.9 8.6 0.1 -0.6 Transportation, Warehousing, and Utilities 13.0 12.9 12.7 0.1 0.3 Transportation and Warehousing 11.9 12.1 12.0 -0.2 -0.1
Information 7.9 8.0 8.2 -0.1 -0.3
Financial Activities 18.1 18.1 18.2 0.0 -0.1 Finance and Insurance 14.2 14.1 14.3 0.1 -0.1
Professional and Business Services 52.5 52.5 52.9 0.0 -0.4 Professional and Technical Services 26.0 25.8 25.2 0.2 0.8 Management of Companies and Enterprises 5.2 5.2 5.4 0.0 -0.2 Administrative, Support and Waste Services 21.3 21.5 22.3 -0.2 -1.0
Educational and Health Services 71.4 71.8 72.8 -0.4 -1.4 Health Care and Social Assistance 63.6 63.1 62.8 0.5 0.8 Hospitals 19.3 19.2 19.0 0.1 0.3
Leisure and Hospitality 39.5 40.2 40.6 -0.7 -1.1
Other Services 13.9 14.0 14.0 -0.1 -0.1
Government 60.4 60.5 60.1 -0.1 0.3 Federal Government 19.4 19.3 18.9 0.1 0.5 State Government 5.4 5.2 5.4 0.0 0.0 State Government Educatione 4.2 3.9 4.2 0.3 0.0 Local Government 35.6 36.0 35.8 -0.4 -0.2 Local Government Education 18.6 19.2 18.2 -0.6 0.4 ______a See Technical Notes for concepts. b Preliminary. c Revised. d Includes wood products; nonmetallic mineral products; primary metals; fabricated metal products; machinery manufacturing; computer and electronic products; electrical equipment and appliance manufacturing; furniture and related products; miscellaneous manufacturing. e Includes State universities. Excludes the agricultural extension service. Source: Ohio Department of Job and Family Services, Labor Market Review for July 2019.
19 Income and Housing Data
The following shows the Median Household Income, Per Capita Money Income and Median Value for 2017 for Greene County in comparison to the State of Ohio and the United States:
Greene County State of Ohio United States 2017 Median Household Income $65,032 $52,407 $57,652 2017 Per Capita Income 33,138 29,011 31,177 2017 Median Home Value 163,500 135,100 193,500 ______Source: U.S. Census Bureau, American Community Survey, 5-Year Estimates (2013-2017)
Building Permits
The assessed value of all building permits for new construction (including commercial, industrial, and residential, and both remodeling and new construction) issued in the County in the indicated years, as reported by the Building Inspections Department was as follows:
New Construction
Total New Fiscal Construction No. Bldg. Permits Year Assessed Valuation Ag/Res/Com/Ind 2014 $44,808,820 1,275 2015 26,807,240 1,336 2016 38,699,860 1,130 2017 41,508,320 1,239 2018 45,910,760 1,368 _____ Source: Greene County Building Inspections Department.
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20 FINANCIAL MATTERS
Introduction
The County’s fiscal year corresponds with the calendar year.
The administrative functions of the County are performed by or under the supervision of the following:
1. Overall planning and development, the Board of County Commissioners.
2. Assessment of real property, as well as financial control functions, the County Auditor.
3. Inspection and supervision of the accounts and reports of the County as required by law, by the State of Ohio Office of Auditor.
4. Public utility property assessment by the State of Ohio.
The County currently has no moneys invested in banks or savings and loans that are not insured by FDIC or FSLIC, but such invested funds may exceed the insured limits. The County does not loan funds without taking possession of the collateral.
Budgeting, Tax Levy and Appropriations Procedures
Detailed provisions for County budgeting, tax levies and appropriations are made in the Revised Code. The procedures involve collective review by County officials at several stages.
County budgeting for a fiscal year formally begins in July of the previous year with the preparation and adoption, after a public hearing, of a tax budget for the fiscal year. With respect to payment of debt service in the fiscal year, the tax budget must show the amounts required, the estimated receipts from sources other than property taxes for payment, the net amount for which a property tax levy must be made, and the portions of that levy to be inside and outside the ten mill tax rate limitation (see “COUNTY DEBT AND OTHER LONG TERM OBLIGATIONS – Indirect Debt Limitations” herein). The tax budget is then presented for review by the County Budget Commission comprised of the Auditor, Treasurer and Prosecuting Attorney of the County.
The County Budget Commission reviews the budget and determines and approves levies for debt service inside and outside the ten mill rate limitation. The law expressly provides that “if any debt charge is omitted from the budget, the commission shall include it therein.” Upon approval of the tax budget, the County Budget Commission certifies the estimate by the County Auditor of the tax rates inside and outside the ten mill tax limitation. Thereafter and before the end of the then calendar year, the Commissioner of the Department of Tax Equalization approves the tax levies and certifies them to the proper officials. The tax rates are then reflected in the tax bills sent to property owners. Real property taxes are payable in two installments, the first usually in January and the second in July.
21 Each January the Commissioners adopt a temporary appropriation measure and by April l, a permanent appropriation measure for that fiscal year. Annual appropriations may not exceed the County Budget Commission’s official estimates of resources and appropriation measures are to be certified by the County Auditor as not appropriating more moneys than set forth in those latest official estimates.
Financial Reports and Examinations of Accounts
The County prepares its annual financial report in accordance with Generally Accepted Accounting Principles as applicable to governmental entities. The County has applied for and received a Certificate of Achievement for Excellence in Financial Reporting for its Comprehensive Annual Financial Report each year since 1986. This Certification recognizes the County reports on the highest level recognized by the Government Financial Officers Association and by the Governmental Accounting Standards Board (GASB). Greene County was among the first Counties in the nation to implement these new reporting standards. The County’s Comprehensive Annual Financial Report is audited annually by the Auditor of State’s Office who performs the audit in accordance with Generally Accepted Accounting Principles and Generally Accepted Government Auditing Standards issued by the Comptroller General of the United States. Such audit includes distinct audits for the County’s departments and programs.
The County utilizes an automated accounting and financial management information system for budgeting, accounting and reporting. The County maintains its accounts and other fiscal records on a cash basis and converts the information at year-end for the Comprehensive Annual Financial Report. The Comprehensive Annual Financial Report presents the government funds on a modified accrual basis and presents the entity wide statements, propriety fund statements and fiduciary fund statements on a full accrual basis. The County also reports the financial activity on a budgetary basis in order to demonstrate compliance with the budgetary laws of the State of Ohio.
The County prepared its financial statements based on Generally Accepted Accounting Principles (GAAP) for the fiscal year ended December 31, 2018. The County received an unqualified opinion on those financial statements.
Comprehensive annual financial reports are prepared annually by the County and filed with the State Auditor pursuant to Ohio law. Such reports are required to be submitted to the State Auditor within 150 days after the close of each year, and have been filed by the required time.
Appendices A-1 and A-2 consist of the County’s 2018 Audited Financial Statements (for the year ended December 31, 2018) and 2017 Audited Financial Statements (for the year ended December 31, 2017, respectively. Appendix B contains a summary of the County General Fund Appropriations Budget for fiscal year 2019.
22 Insurance
The County maintains liability and comprehensive insurance coverage for real property, building contents and vehicles through a commercial insurance provider. Under the policies, the County has $2 million of total liability coverage per occurrence, with a $5,000 deductible per occurrence. Total property coverage under the program is approximately $207.5 million.
Pursuant to statutes effective June 2000, the liability of political subdivisions, including counties in Ohio, has been significantly reduced. As a general rule, Ohio law provides that political subdivisions such as the County have immunity from liability in damages for injury, death, or loss to persons or property allegedly caused by an act or omission of such political subdivisions or their employees in connection with governmental and proprietary functions, as defined in the Ohio statutes. The statutes have no effect on any liability imposed by federal law or other federal cause of action. Pursuant to Ohio law, there are, however, five areas in which a county may be held liable for such loss. These include the negligent operation of a motor vehicle; negligent performance of proprietary functions; negligent failure to remove obstructions from public roads or to keep public roads, highways, streets, sidewalks, bridges or public grounds open, in repair, and free from nuisance; negligence of employees within or upon the grounds of buildings used in the performance of governmental functions which buildings have physical defects within or upon the grounds thereof, but excluding jails, juvenile detention workhouses and other detention facilities; and liability specifically imposed by statute. Ohio law also imposes a two-year statute of limitations and puts limits on the damages which may be recovered from such political subdivisions. No punitive or exemplary damages can be recovered, and any insurance benefits are deducted from any award against a political subdivision. Although there is no limitation with respect to compensatory damages representing a person’s economic loss, there is a $250,000 per person ceiling on the compensatory damage that represents a person’s non-economic loss in cases other than wrongful death, in which case there is no maximum limitation.
Investment Policy of the County
The County is limited by Ohio law, ORC Chapter 135 and the Uniform Depository Act on its investments. Chapter 135 of the Ohio Revised Code sets forth the requirements and limitations for investments of the state’s political subdivisions, including the County. Under Section 135.35 of the Revised Code, the County Treasurer may invest its funds as follows:
Nothing in the classification of eligible securities and obligations set forth in (A) of this section or in the classifications of eligible securities and obligations set forth in (B) through (I) of this section shall be construed to authorize any investment in stripped principal or interest obligations of such eligible securities and obligations.
(A) United States Treasury bills, notes, bonds, or any other obligation or security issued by the United States Treasury or any other obligation guaranteed as to principal or interest by the United States.
23 (B) Bonds, notes, debentures, or any other obligations or securities issued by any federal government agency or instrumentality, including but not limited to, the Federal National Mortgage Association, Federal Home Loan Bank, Federal Farm Credit Bank, Federal Home Loan Mortgage Corporation, Government National Mortgage Association, and Student Loan Marketing Association. All federal agency securities shall be direct issuances of federal government agencies or instrumentalities.
(C) Time certificates of deposit or savings or deposit accounts, including, but not limited to, passbook accounts, in any eligible institution mentioned in Section 135.32 of the Revised Code.
(D) Bonds and other obligations of this state or the political subdivisions of this state, provided that such political subdivisions are located wholly or partly within the same county as the investing authority and the bonds and other obligations of political subdivisions mature within ten years from the date of settlement.
(E) No-load money market mutual funds consisting exclusively of obligations described in (A) or (B) of this section and repurchase agreements secured by such obligations, provided that investments in securities described in this division are made only through eligible institutions mentioned in Section 135.32 of the Revised Code.
(F) The Ohio subdivision’s fund as provided in Section 135.45 of the Revised Code.
(G) Securities lending agreements with any eligible institution mentioned in Section 135.32 of the Revised Code that is a member of the Federal Reserve System, Federal Home Loan Bank, or with any recognized United States government securities dealer meeting the description in Section 135.35 of the Revised Code, under the terms of which agreements the investing authority lends securities and the eligible institution or dealer agrees to simultaneously exchange either securities described in (A) or (B) of this section or cash or both securities and cash, equal value for equal value.
(H) Up to forty percent of the County’s total average portfolio in either of the following investments: Commercial paper notes issued by an entity as defined in Section 1705.01 of the Revised Code and that has assets exceeding $500 million dollars to which notes all of the following apply:
(1) at least two nationally recognized rating agencies rank the commercial paper in their highest classification;
(2) the aggregate value of the notes does not exceed ten percent of the aggregate value of the outstanding commercial paper of the issuing corporation;
(3) the notes mature not later than 270 days after purchase; and
(4) the investment in commercial paper notes of a single issuer does not exceed in the aggregate five percent of interim moneys available for investment at the time of purchase.
24 (I) Bankers acceptances of banks that are insured by the Federal Deposit Insurance Corporation and to which both of the following apply:
(1) the obligations mature not later than 180 days after purchase; and
(2) the obligations are eligible for purchase by the Federal Reserve System.
(J) Written repurchase agreements with any eligible institution mentioned in Section 135.32 of the Revised Code or any eligible securities dealer pursuant to Section 135.35 of the Revised Code, under the terms of which agreement the investing authority purchases and the eligible institution or dealer agrees unconditionally to repurchase any of the securities listed in sub-sections (B)(1) to (5) of Section 135.18 of the Revised Code. The market value of securities subject to an overnight repurchase agreement must exceed the principal value of the overnight repurchase agreement by at least two percent.
(K) Up to fifteen per cent of the County’s total average portfolio in notes issued by corporations that are incorporated under the laws of the United States and that are operating within the United States, or by depository institutions that are doing business under authority granted by the United States or any state and that are operating within the United States, provided both of the following apply:
(1) The notes are rated in the second highest or higher category by at least two nationally recognized standard rating services at the time of purchase; and
(2) The notes mature not later than two years after purchase.
(L) No-load money market mutual funds rated in the highest category at the time of purchase by at least one nationally recognized standard rating service and consisting exclusively of obligations described in division (A)(1), or (2), or (6) of Section 135.14.3 of the Revised Code.
(M) Debt interests rated at the time of purchase in the three highest categories by two nationally recognized standard rating services and issued by foreign nations diplomatically recognized by the United States government. All interest and principal shall be denominated and payable in United States funds. The investments made under this section shall not exceed in the aggregate one per cent of a County’s total average portfolio.
The County has never owned any derivative type investments, interest only investments or principal only investments. These are specifically ineligible investments under Section 135.35 of the Revised Code. The County may not leverage the portfolio through the use of reverse repurchase agreements. These are specifically ineligible investments under Section 135.35 of the Revised Code.
25 The County pools its cash for investment purposes and investment income is distributed to statutorily required funds based upon their average daily cash balances. Interest earned by the County in 2018 totaled $2,607,056.
All brokers, dealers and financial institutions initiating transactions with the investment authority by giving advice or making investment recommendations shall sign the County’s Investment Policy thereby acknowledging their agreement to abide by the Policy’s contents; those who execute transactions initiated by the investment authority, having read the Policy’s contents, shall sign the Investment Policy thereby acknowledging their comprehension and receipt.
AD VALOREM TAXES
Assessed Valuation
Assessed Value of Taxable Property
Increase Over Tax Collection Real Personal Public Previous Year Year Property(a) Property(b) Utility© Totals Year 2014* 2015 $3,754,655,740 -0- $114,838,370 $3,869,494,110 --- 2015 2016 3,768,234,820 -0- 119,157,070 3,887,391,890 0.46% 2016 2017 3,824,887,440 -0- 125,148,730 3,950,036,170 0.98 2017† 2018 3,968,370,880 -0- 127,161,430 4,095,532,310 3.68 2018 2019 4,006,689,900 -0- 136,706,880 4,143,396,780 1.17 _____ * Sexennial Reappraisal Year † Triennial Update Year (a) Real property taxes collected in a calendar year are levied in the preceding calendar year on assessed values as of January 1 of that preceding year. (b) Tangible personal property taxes collected in a calendar year are levied in the same calendar year, on assessed values during and at the close of the most recent fiscal year of the taxpayer (ending on or before March 31 of said calendar year) at tax rates determined in the preceding year. Tangible personal property tax was phased out beginning in 2006. (c) Public utility and public utility personal property taxes collected in a calendar year are levied in the preceding calendar year on assessed values determined as of December 31 of the second year preceding the tax collection year. Source: Greene County Auditor.
The Tax Year 2018 (Collection Year 2019) real estate assessed valuation of $4,143,396,780 is comprised of the following types of property in the indicated amounts:
Allocation of Assessed Valuation Real Estate
Type Assessed Valuation Percent of Total Commercial/Industrial $ 780,126,190 18.83% Agricultural/Residential 3,226,563,710 77.87 Public Utility-Real 136,706,880 3.30 Total $4,143,396,780 100.00% ______Source: Greene County Auditor
26 The ten largest ad valorem property taxpayers during Tax Year 2018 (Collection Year 2019) were as follows:
Total % of Assessed Total County Company Valuation Assessed Valuation 1. Dayton Power & Light $94,672,560 2.28% 2. Greene Town Center LLC 44,133,390 1.07 3. MFC Beavercreek LLC 34,657,510 0.84 4. Beavercreek Towne Station LLC 16,617,960 0.40 5. Vectren Energy Supply 16,880,360 0.41 6. Beavercreek Medical Center 11,330,850 0.27 7. Ashton Brooke LLC 10,295,120 0.25 8. Cole Mt Beavercreek OH LLC 9,712,500 0.23 9. Wells Fargo Bank NA Trustee 8,415,390 0.20 10. Wright Patt Credit Union Inc. 8,193,640 0.20 $254,909,280 6.15% _____ Source: Greene County Auditor.
The laws of the State of Ohio presently require that the County Auditor reassess real property at any time it is determined that the true or taxable value thereof has changed, and in the third calendar year following the year in which a sexennial reappraisal (whereby the true value of real property is adjusted to reflect current market values as of January 1 of the respective years), is completed if ordered by the Tax Commissioner. The table below sets forth the following information for Lorain County: (a) the tax year in which a sexennial reappraisal was most recently performed, (b) the tax year of the last/next triennial reappraisal, and (c) the tax year of the next sexennial reappraisal.
Tax Year of Last Tax Year of Tax Year of Tax Year of Sexennial Last Triennial Next Triennial Next Sexennial Reappraisal Appraisal Appraisal Appraisal Greene County 2014 2017 2023 2020
Existing law requires that taxable real property be assessed at not more than 35% of its true value except that taxable real property devoted exclusively to agricultural use is to be assessed at not more than 35% of its current agricultural use value as determined by the County Auditor in accordance with rules adopted by the Tax Commissioner for such purpose. The assessment ratio has been fixed at 35% under existing rules of the Tax Commissioner. The County Auditor is required to adjust (but without individual appraisal of properties except in the sexennial reappraisal) taxable real property values triennially to reflect true values. Any taxable real property which the owner thereof, under rules and regulations promulgated by the Chief of the Ohio Division of Forestry, declares is devoted exclusively to forestry or timber growing is taxed at 50% of the local tax rate upon its true value.
27 Given the standard assessment base determined under the provisions noted above, legislation effective in 1976 and recent legislation enacted pursuant to a constitutional amendment approved by the voters of Ohio in November, 1980, have provided for a two phase tax reduction of real property taxes, with respect to taxes other than taxes levied at a rate required to produce a specified amount of tax money (i.e. for payment of debt charges), taxes levied inside the ten mill limitation, or taxes authorized by a municipal charter.
1. The County Auditor must annually classify all real property into two classes: (a) residential/agricultural real property, and (b) nonresidential/agricultural real property. The Tax Commissioner then determines the amount of carryover property in each such case for each taxing district, “carryover property” being defined as all real property on the current year’s tax list except: (a) land and improvements that were not taxed by the district in both the preceding year and the current year, and (b) land and improvements that were not in the same class in both the preceding year and the current year. The Tax Commissioner must determine annually by what percent (the “Tax Reduction Factor”), if any, the sums that would otherwise be levied by a tax against the carryover property in each class would have to be reduced to equal the amount that would be levied if the full rate thereof were imposed against the total taxable value of such property in the preceding tax year. Thereafter, the County Auditor must reduce the sum to be levied by the tax against each parcel of real property in the district by the Tax Reduction Factor certified by the Tax Commissioner for its class. However, if said reduction for either class of property could cause the total taxes charged and payable for current expenses of a school district, other than a joint vocational school district, prior to the statutory ten percent reduction, discussed hereinafter, to be less than two percent of the taxable value of all real property in that class that is subject to taxation, the Tax Commissioner, upon notification thereof by the County Auditor, must adjust the Tax Reduction Factor as required by law.
2. The County Auditor must reduce the sums remaining thereafter to be levied against parcels of real property by ten percent; such reduction is reimbursed by the State to the County for distribution to the affected subdivisions after deduction of a statutorily determined fee to be used by the Department of Taxation for administrative purposes. Since June 26, 2003, only one-half of this reduction has been reimbursed from State sources. The taxes remaining after such reduction constitute the real and public utility property tax chargeable and payable on such property.
Failure of the County Auditor to supply to the Tax Commissioner the information required to determine the Tax Reduction Factor may result in substantial withholding of State revenues to the local government until such time as the County Auditor supplies such information.
A corporation with taxable property in more than one county must also make, directly to the Tax Commissioner, a single combined return, listing all taxable property. Distribution of the funds so generated is normally made by the Tax Commissioner to the respective county auditors during the last quarter of each calendar year.
28 Changes to Assessed Valuation
As part of the various law changes that accompanied the deregulation of electric utility and natural gas companies in 1999-2000, property tax assessed value for electric generating equipment and natural gas property were reduced. Due to the reduction of public utility tangible property (“PUTP”) tax revenues to counties and other local taxing units, the Ohio General Assembly enacted a program whereby such subdivisions of the State would be compensated for these losses, subject to a timed phase-out schedule. In 2005, the Ohio General Assembly enacted Am. Sub. H.B. 66, which gradually repealed the business tangible personal property tax (“TPP”) on (i) manufacturing equipment, (ii) furniture and fixtures and (iii) inventory over a four-year period ending in 2009, resulting in further reduced revenues to school districts and other local taxing units. The tax on a fourth category of business personal property, telephone, telegraph and interexchange communication companies, was phased out over the period from 2007-2011. A subsequent reimbursement program similar to the one developed for lost PUTP revenues was implemented to replace the lost TPP revenues, which was also scheduled to be phased out. This program was funded, among other things, by the application of revenues derived by the State from the imposition of a new Commercial Activities Tax (the “CAT”). The reimbursement payments for loss of the PUTP and TPP tax revenues are collectively referred to as “replacement payments.”
The application of the CAT to certain types of business receipts has been the subject of litigation. In 2009, the Ohio Supreme Court held that the CAT does not violate the State’s constitutional prohibitions against a sales or excise tax “upon the sale or purchase of food.”1 Later, in 2012, the Ohio Supreme Court held that the application of revenues derived from the imposition of the CAT on gross receipts from motor vehicle fuel sales towards replacement payments violates the State’s constitutional limitation on the use of revenues resulting from taxes related to motor vehicle fuel.2 In 2013, the Ohio General Assembly remedied the situation by creating a separate fund into which such tax proceeds are deposited, separate from other proceeds of the CAT. As is the case with many state-based gross receipts taxes, the CAT continues to be the subject of ongoing litigation, facing challenges regarding its general constitutionality. The Ohio Supreme Court is set to decide in the coming months whether the “bright line presence” test, a statutory threshold for imposition of the CAT, is constitutional in its imposition of the tax on a corporation which meets the statutory test but has no physical presence in the State.
With the election of a new State-level administration in 2010, the Ohio General Assembly took a different approach to accomplishing the reimbursement of lost revenues to counties and other local taxing units as a result of the repeal of PUTP and TPP taxes. Effective June 30, 2011, Am. Sub. H.B. 153 was adopted to modify the reimbursement methodology. Though the application of the proceeds of the CAT to the replacement payments was scheduled to be phased-out in 2018, with the State’s general fund receiving 100% of the CAT tax revenues thereafter, H.B. 153 accelerated that schedule and reduced the reimbursement payments. Effective June 30, 2015, Am. Sub. H.B. 64 increases the amount of CAT tax revenues allocated to the State’s general fund from 50% to 75% of such revenues; the percentage allocated to
1 Ohio Grocers Association v. Levin, 123 Ohio St.3d 303 (2009). 2 Beaver Excavating Co. v. Testa, 134 Ohio St.3d 565 (2012).
29 replacement payments dropped from 15% to 5% for counties and other local taxing units. A basic concept behind these changes is that fixed-rate levy replacement payments should be based on the relative need for counties and other local taxing units (each, a “unit”), the primary beneficiaries of the tangible personal property taxes that have been phased out. Relative need is measured by calculating a unit’s replacement payment as a percentage of total revenue sources available to the applicable unit for current operating purposes. H.B. 153 also made distinctions among types of levies in implementing the phase-out. Maintaining those distinctions, H.B. 64 slightly modified the phase-out of replacement payments with certain changes as described below.
Fixed Rate, Current Expense Levies. Under H.B. 153, replacement payments for current expense levies were based on certain thresholds. For fiscal year 2012, counties and other local taxing units received payments only if the amount of current expenses received from such levies exceeded 4% of total resources. For fiscal year 2013, this threshold percentage was set at 6%. Any amounts over the established thresholds were reimbursed at 100% for counties and all other local taxing units. H.B. 64 maintains a similar structure, but generally accelerates the phase-out of replacement payments for units whose existing replacement payments are a relatively small percentage of total resources. H.B. 64 established new threshold percentage schedules that allow for a complete phase-out.
For counties and other local taxing units, H.B. 64 calls for replacement payments to be made under a similar structure as H.B. 153, except the threshold percentage was reset at 2% for fiscal year 2016, and increases an additional 2% annually until all replacement payments are phased out for these levies.
Fixed Rate, Non-Current Expense Levies. Under H.B. 153, replacement payments for these levies were subjected to a simpler reduction schedule, beginning in calendar year 2012 and reducing such payments by 25% each year until they would have ceased in fiscal year 2015. However, the reductions were not continued in the next biennial budget legislation. Because counties and other local taxing units utilize the calendar year as their fiscal year, a third reduction for counties and other local taxing units had already taken place when the phase-out was halted, resulting in the receipt of only 25% of such levies for those years. For counties and other local taxing units, H.B. 64 completes the phase-out by eliminating replacements with respect to these levies.
Fixed Sum Levies. These include bond and emergency levies and were not affected by H.B. 153 or H.B. 64. For counties and other local taxing units, unvoted debt levies that qualified for reimbursement in 2015 were reimbursed through 2016 for utility property-based replacement payments and through 2017 for business property-based replacement payments.
30 For additional information regarding expected changes to reimbursement amounts, please reference the following website:
http://www.tax.ohio.gov/personal_property/phaseout.aspx.
The Ohio General Assembly has exercised from time to time its power to revise the Ohio statutes applicable to the determination of assessed valuation of property subject to ad valorem taxation and the amount of tax proceeds produced by ad valorem taxation against such property. It is anticipated that the Ohio General Assembly will continue to make similar provisions.
Ohio law provides for numerous tax exemptions for real and personal property to stimulate economic development.
Statutory Procedure and the Levying of Ad Valorem Property Taxes
Ohio law provides for tax credits to offset increases in tax resulting from increases in the true value of real property. Legislation classifies real property as between residential and agricultural property and all other real property, and provides for tax reduction factors to be separately computed for and applied to each class. These tax credits apply only to certain voted levies on real property and do not apply to unvoted levies or to voted levies to provide a specified dollar amount or to pay debt charges on general obligation debt.
Statutory procedures limit, by the application of tax credits, the amount realized by each taxing subdivision from real property taxation to the amount realized from those taxes in the preceding year plus: (i) the proceeds of any new taxes (other than renewals) approved by the electors, calculated to produce an amount equal to the amount that would have been realized if those taxes had been levied in the preceding year, and (ii) amounts realized from new and existing taxes on the assessed valuation of real property added to the tax duplicate since the preceding year.
The tax credit provisions do not apply to amounts realized from taxes levied at whatever rate required to produce a specified amount or an amount to pay debt service, or from taxes levied inside the ten-mill limitation or any applicable municipal charter tax rate limitation. To calculate the limited amount to be realized, a reduction factor is applied to the stated rates of the tax levies subject to these tax credits. A resulting “effective tax rate” reflects the aggregate of those reductions, and is the rate based on which real property taxes are in fact collected.
Under statutory procedures, the amount realized by each taxing subdivision from real property taxation (other than amounts realized from taxes levied at a rate required to produce a specified amount, such as for debt service charges or emergency school levies, and taxes levied inside the ten mill limitation or, in the case of municipalities, any applicable charter tax rate limitation) is limited to the amount realized from real property taxes in the preceding year plus: (i) any new taxes (other than renewals) approved by the electorate but calculated to produce an amount equal to what would have been realized if levied in the preceding year and (ii) amounts realized from new and existing taxes on real property added to the tax duplicate since the preceding year. To accomplish this, the Tax Reduction Factor is applied to the stated rates of taxes subject to this reduction levied by the County and its underlying subdivisions. The
31 resulting effective tax rate reflects the aggregate of those reductions and therefore the effective rate at which real property taxes are levied.
See Appendix E for the County Tax Rate Table for all County subdivisions for Tax Year 2018 (Collection Year 2019).
The following table sets forth the rates, in mills per $1.00 of assessed valuation, at which the County levied 2014-2018 ad valorem property taxes (for collection in 2015-2019 respectively) for the general categories of purposes with proper Reduction Factors.
Tax Table A
Unvoted Levies Within 10 Mill Voted Levies Limitation Outside 10 Mill Limitation* Community Council Tax Collection General Note Mental Hospital Developmental District Children’s on Year Year Fund Ret. Bridge Health Operating Disabilities Library Services Aging Parks Total 2014 2015 2.33 0.17 0.25 1.50 1.00 3.50 1.00 1.50 1.40 0.00 12.65 2015 2016 2.33 0.17 0.25 1.50 1.00 3.50 1.90 1.50 1.40 0.90 14.45 2016 2017 2.33 0.17 0.25 1.50 1.00 3.50 1.90 1.50 1.40 0.90 14.45 2017 2018 1.83† 0.17 0.25 1.50 1.00 3.50 1.90 1.50 1.40 0.90 13.95 2018 2019 2.33 0.17 0.25 1.50 1.00 3.50 1.90 1.50 1.40 0.90 14.45 ______* All levies are reduced by the tax reduction factor; thus only the adjusted charge is collected. † During Tax Year 2017 (Collection Year 2018), the Board of County Commissioners elected to levy 2 of the 2.5 mills authorized under the Ohio Revised Code. Source: Greene County Budget Commission.
The voted tax levies for voted bond retirement continue for the life of the bonds authorized by the electors, in the annual amounts sufficient to pay debt service on such bonds as the same becomes due.
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32 The following table presents certain information concerning the County’s voted and ad valorem tax levies stated in mills per $l,000.00 of assessed valuation (except such levies for voted bond issues):
Tax Table B
Millage Rate Levied For First Current Year Levied Last Levied Authorized Collection* Purpose Year Year 2013 1.50 Community Mental Health 2013 2022 2014 1.50 Children’s Services** 2014 2023 2014 3.50 Developmental Disabilities** 2014 2023 2014 0.50 Hospital Operating** 2014 2023 2015 0.25 Road and Bridge** 2015 2020 2014 1.40 Greene Co. Council on Aging*** 2014 2023 2011 0.50 Hospital Operating 2012 2020 2014 1.90 District Library**** 2015 Continuing 2015 0.90 Parks 2015 2020 ______* These rates are stated as they appear before application of the Reduction Factor. ** Renewed for five years in November 2018. *** Increased from 1.00 to 1.40 mills in May 2014 and renewed for five years in November 2018. **** Increased from 1.00 to 1.90 in November 2014 on a continuing basis. Source: Greene County Auditor.
Collection of Ad Valorem Property Taxes and Special Assessments
The following are the amounts billed and collected for County ad valorem taxes, including the total amount billed and collected for the underlying, subdivisions of the County and the amounts attributable to the County, on the tax duplicates, and the special assessments billed and collected, for the indicated tax collection years. “Billed” amounts include the current charges, plus the respective current and delinquent additions, less the respective current and delinquent abatements.
Real Estate, Public Utility and Personal Property County and Underlying Subdivisions
Current Delinquent Tax Collection Total Total Total% Year Year Levied Collected Levied Collected % Collected % 2013 2014 $49,110,054 $46,737,826 95.17% $45,531,386 92.71% $1,206,440 2.46% 2014 2015 50,876,968 48,528,155 95.30 47,366,079 96.75 1,162,076 2.28 2015 2016 52,688,671 50,801,286 96.42 50,396,617 95.65 1,881,659 3.57 2016 2017 59,260,981 56,956,200 96.11 55,303,195 93.32 1,653,005 2.79 2017 2018 57,648,097 55,571,200 96.40 54,236,726 94.08 1,334,474 2.31 ______Source: Greene County Auditor.
33 Special Assessments County and Underlying Subdivisions
Total Current Current Outstanding Tax Collection Assessments Assessments Assessments Assessments Year Year Levied Receivable Collected % Receivable 2013 2014 $5,003,561.92 $4,330,237.91 $4,162,040.30 96.12% $604,360.91 2014 2015 5,046,920.52 4,381,242.26 4,072,839.90 92.96 797,260.84 2015 2016 5,834,344.37 5,007,859.70 4,217,001.87 84.21 1,452,715.67 2016 2017 6,481,399.57 4,924,131.62 4,509,583.55 91.58 1,483,007.37 2017 2018 6,925,319.39 5,448,073.38 5,131,684.70 94.19 1,597,880.22 ______Source: Greene County Auditor.
Pursuant to Ohio law, the current and delinquent taxes and special assessments are billed and collected by County officials for the County and other taxing or assessing subdivisions in the County.
Included in the above figures for ad valorem property taxes Levied and Collected are certain real property tax relief payments made by Ohio from State revenue sources; such payments are not made with respect to special assessments.
“Homestead” exemptions are made available for the elderly and handicapped (Amended Substitute House Bill 59 of the 129th General Assembly (“H.B. 59”) imposed income limitations on the Homestead exemption but preserved the credit of those who received the credit for tax year 2013 along with those who lived in a manufactured home and is receiving the credit in 2014). In addition, Ohio law provides for the payment to taxing subdivisions from State funds of an amount equaling approximately 10% (12 1/2% with respect to owner occupied residential property) of ad valorem real property taxes levied, thereby reducing the tax obligation of any real property owner in any given year by an equivalent percentage (H.B. 59 removed these reductions for new property tax levies approved at elections held on or after September 29, 2013 but preserved the rollback for existing levies and renewal of existing levies).
As an indication of the extent of such State assistance as applied to the County’s tax collections, the elderly/handicapped homestead payment made by Ohio, and included in the above tax collection figures for 2018 was $1,262,025 and the “rollback” payment made by Ohio was $4,107,416. These figures represent only the County’s share of said payments. Similar payments are also made to many of the underlying subdivisions within the County. No one taxpayer accounts for any significant percentage of any of the delinquencies identified above.
The 2014-2015 State Budget eliminated the 10% reduction and the 2.5% reduction discussed above for taxes levied under new or replacement levies of a political subdivision approved at elections held after October 11, 2013. The State shall continue to reimburse political subdivisions for revenues lost as a result of these rollbacks on existing tax levies, renewal tax levies, and tax levies within the ten mill limitation, discussed below, in the same manner as it did before the 2014-2015 State Budget.
34 The State also provides a homestead exemption to certain elderly or disabled property owners, which enables qualified owners to shield a portion of the value of their home from property taxes. This reduction is reimbursed by the State to political subdivisions. The 2014- 2015 State Budget placed certain additional restrictions on the availability of the homestead exemption for those not eligible for the exemption as of tax year 2013.
While the aforesaid tax reductions may not affect the determination of the principal amount of notes that may be issued in anticipation of any tax levies or the amount of notes or bonds for any planned improvements, if funds for the payment of debt service charges on notes or bonds payable from taxes so reduced are insufficient for such purpose, then the reduction of taxes is adjusted to the extent necessary to provide sufficient funds from real property taxes for the payment of such debt charges.
The following table indicates the property tax revenues of the County’s General Fund (including homestead, rollback and personal property tax exemption payments reimbursed by the State of Ohio), exclusive of any other County Fund:
% Change % Change % Change Real Over Personal Over Over Year Property Prior Year Property Prior Year Total Prior Year 2014 $9,490,141 0.26% $-0- (100.00)% $9,490,141 0.26% 2015 9,598,606 1.14 -0- -0- 9,598,606 1.14 2016 9,799,860 2.10 -0- -0- 9,799,860 2.10 2017 9,915,383 1.18 -0- -0- 9,915,383 1.18 2018 8,209,691 17.20. -0- -0- 8,209,691 17.20 ______Source: Greene County Auditor.
Delinquency Procedures
Taxes for real and public utility personal property for the fiscal year 2018 became a lien on January 1, 2019.
The time for payment of taxes may be, and usually is, extended by the County Commissioners for thirty days. Further extensions may be granted by the Department of Taxation of Ohio. When such extensions are made taxes become delinquent at the expiration of the extended period. Tangible personal property returned as of January 1, 2019, largely represents machinery and equipment, and average inventories held during the year 2018. This and other tangible personal property held on January 1, 2019 bears the real estate tax rate of 2018. See “AD VALOREM TAXES – Assessed Valuation.”
As provided in Section 323.17 of the Revised Code, the time for payment of real estate taxes may be extended by law in cases of emergency. When such extensions are made, taxes become delinquent at the expiration of the extended period.
35 Discounts are not given for prepayment. Penalties and interest for delinquency are as follows:
1. 10% penalty on current taxes if first half current taxes are not received by first half due date.
2. 10% penalty on all current taxes unpaid as of the final date for payment of second half.
3. If the full amount of taxes due at either of the due dates is paid within ten days after such time, the County Treasurer shall waive the collection of and the County Auditor shall remit one-half of the 10% penalty.
4. On the first day of the month following the last day the second half taxes are due, interest in the amount determined by the Tax Commissioner of the State of Ohio shall be charged against all delinquent taxes other than the current year’s taxes. The charge shall be for interest that accrued during the period that began on the preceding first day of December and ended on the last day of the month that included the last date such second half could be paid without penalty.
5. On the first day of December, the interest shall be charged against all delinquent taxes. The charge shall be for interest that accrued during the period that began on the first day of the month following the last date prescribed for the payment of the second installment of taxes in the current year and ended on the immediately preceding last day of November.
The penalty for delinquency on tangible personal property is as follows:
(a) 5% if filed within 60 days of due date.
(b) Subsequent to 60 days, the penalty is 50%. However, if the taxpayer petitions a reduction and shows reasonable cause - this penalty may be reduced:
(i) to 5%, if filed prior to October 1st.
(ii) to 10%, if filed after September 30th.
(c) In all cases where the above provisions are applicable, an additional charge of ½ of 1% per month shall be added for each full month.
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36 The following is a general description of delinquency procedures under Ohio law. The implementation of these procedures may vary in practice among Ohio counties.
If real estate taxes and special assessments are not paid in the year in which they are due, they are certified delinquent by the County Auditor’s office. A list of delinquent properties is then to be published in a newspaper of general circulation in the County. If the delinquent taxes and special assessments are not paid within one year after publication, then the properties are certified as delinquent to the County Prosecuting Attorney. If the property owner requests, a payment plan is arranged with the County Treasurer. If such payment plan is not adhered to or if none is arranged, then foreclosure proceedings may be initiated by the County. Ohio law also provides for notice by publication and mass foreclosure proceedings and sales after three years’ delinquency.
The County Auditor’s office employs a notification procedure and proceedings in common pleas court to collect delinquent tangible personal property taxes.
Proceeds from the foreclosure sales of delinquent property become part of the current collection and are distributed as current collections to the taxing subdivisions in the County, or, if applicable to special assessments, are remitted to the subdivisions that levied such assessments.
OTHER MAJOR COUNTY FUND REVENUE SOURCES
Described under this caption are major sources of revenue for the County’s general fund in addition to ad valorem taxes.
Sales Tax
Counties in Ohio are permitted to levy a piggyback sales tax of up to one and one-half of one percent (1.50%) pursuant to Sections 5739.021 and 5739.026 of the Revised Code. The County currently levies a one percent (1%) sales tax on retail sales made within the county. Sections 5739.021 and 5739.026 permit the County to levy a piggyback sales tax for various purposes which are set forth below.
Sales Tax Levied under Section 5739.021. Pursuant to Section 5739.021 of the Revised Code, the County is permitted to levy up to a one percent (1%) sales tax on retail sales made within the county. The sales tax may be levied for the purpose of providing additional revenue for County general fund purposes, supporting criminal and administrative justice services in the County, funding a regional transportation improvement project, or any combination of the foregoing. The sales tax levied under Section 5739.021 of the Revised Code may be authorized by the Board of County Commissioners at any time and must be a multiple of one-quarter of one 1 percent (¼%) or one-tenth of one percent ( /10%) up to the maximum of one percent (1%), but the authorization of this sales tax is subject to repeal by voter referendum. Further, in the event that a sales tax under Section 5739.021 of the Revised Code is not levied as an emergency measure, the Board of County Commissioners may submit the question of levying the sales tax (or increasing the rate of an existing sales tax) to the electors of the county at a special election. The County is currently levying a one percent (1%) sales tax pursuant to Section 5739.021 of the
37 Revised Code after the County increased the sales tax from one-half to one percent effective February 1, 1987.
Sales Tax Levied under Section 5739.026. Pursuant to Section 5739.026 of the Revised Code, the County may levy an additional one-half of one percent (½%) sales tax on retail sales, for various purposes, which include, but are not necessarily limited to: financing a convention center, providing additional revenue for a county transit authority, provide additional revenue for general fund purposes, provide for additional revenue for permanent improvements under the jurisdiction of the Community Improvement Board, to provide for the implementation of a 9-1-1 system, to provide additional revenue for the operation or maintenance of a detention facility, or to provide revenue for the construction or renovation of a sports facility. The sales tax levied under Section 5739.026 of the Revised Code must be levied in increments that are multiples of 1 one-quarter of one percent (¼%) or one-tenth of one percent ( /10%). Further, the sales tax levied under Section 5739.026 of the Revised Code is subject to voter approval, except when it is levied solely to provide additional general fund revenues, in which case it is subject to repeal by voter referendum. The sales tax levied pursuant to Section 5739.026 of the Revised Code (one-half of one percent (½%)) may be levied in addition to the one percent (1%) county sales tax that may be levied under Section 5739.021 of the Revised Code. The County is currently not levying an additional one-quarter of one percent (¼%) or one-half of one percent (½%) sales tax under Section 5739.026 of the Revised Code.
The County is currently levying a one percent (1%) sales tax pursuant to Section 5739.021 of the Revised Code. This tax was one of the largest sources of revenues for the County in 2017, yielding $27,523,061.†
Changes to Ohio Sales Tax
On June 30, 2017, Ohio Governor John Kasich signed Am. Sub. H.B. 49 (“H.B. 49”) which is the budget for the 2018-2019 biennium. Beginning July 1, 2018, H.B. 49 will permit a county to levy a sales tax under Section 5739.021 of the Revised Code for the purpose of funding a regional transportation improvement project, which is in addition to purposes currently provided for in Section 5739.021 of the Revised Code. Further, H.B. 49 will permit a county to increase a sales tax levied under Section 5739.021 of the Revised Code in increments of one- 1 tenth of one percent ( /10%) up to the maximum of one percent (1%).
With respect to the sales tax levied under Section 5739.026 of the Revised Code, H.B. 49 will permit a county to levy no more than a one-half of one percent (½%) sales tax on retail sales 1 at any multiple of one-tenth of one percent ( /10%). In addition, H.B. 49 will permit a county to increase an existing sales tax levied under Section 5739.026 of the Revised Code in any multiple 1 of one-tenth of one percent ( /10%).
† Real estate taxes and Intergovernmental revenue bring in a larger percent of total income, but are not a single source of income. There are multiple property tax levies and grants.
38 Sales Tax on Medicaid Managed-Care Organizations
From 2005 to 2009, the State of Ohio levied a five and one-half percent (5 ½%) franchise tax on services provided through Medicaid Managed-Care Organizations (“Medicaid MCOs”) as such tax was permissible under federal law. However, effective October 1, 2009, the franchise tax levied on Medicaid MCOs became impermissible under the Deficit Reduction Act of 2005. In September 2009, Ohio repealed its franchise tax on Medicaid MCOs and implemented a five and one-half percent (5 ½%) state sales tax on services provided by Medicaid MCOs. Through the use of the piggyback sales tax, counties in Ohio, such as the County, benefited from the sales tax on Medicaid MCOs. On July 25, 2014, the Centers for Medicare & Medicaid Services (“CMS”) advised that taxing Medicaid MCOs (but not other non-Medicaid MCOs) at the same rate as a statewide sales tax constituted a health care related tax and, thus, impermissible under the Deficit Reduction Act of 2005. In addition, CMS instructed that states that levied a sales tax on Medicaid MCOs would be given until the end of each state’s next budget session to either eliminate or amend its sales tax to comply with the Deficit Reduction Act of 2005. The elimination of Ohio’s MCO sales tax took effect July 1, 2017, resulting in a loss of approximately $1.3-1.4 million annually to Greene County.
Historic Sales Tax Collections
The County’s historical sales tax receipts for the last five years are as follows:
Year Percentage Sales Tax Revenues* 2014 1.00% $24,031,857 2015 1.00 26,262,578 2016 1.00 27,054,015 2017 1.00 27,523,061 2018 1.00 27,134,486 ______* For the impact of decreased sales tax revenues in conjunction with Medicaid Managed Care Organizations, please refer to “GREENE COUNTY, OHIO – Permissive Taxes” herein. Source: Greene County Auditor.
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39 Local Government Fund
The Ohio Local Government Fund was created by statute and is comprised of designated State revenues which are distributed to each county and then allocated between the county and the cities, villages and townships located in the County on the basis of statutory formulas. Local Government Fund receipts by the County for allocation between the County and its subdivisions and the portion retained for the County in recent years are outlined below:
Total Received Portion Retained % Retained Year for Distribution By County by County 2014 $4,427,662 $1,771,065 40.00% 2015 4,702,065 1,880,826 40.00 2016 4,593,815 1,837,526 40.00 2017 4,642,155 1,856,862 40.00 2018 4,863,794 1,945,518 40.00 ______Source: Greene County Auditor.
Federal Funds
The County receives federal funds for a variety of major and non-major federal programs. Total federal assistance, as reported on the County’s Schedule of Federal Awards Expenditures, approximated the following:
Federal Funds*
Year Amount 2014 $9,854,640 2015 12,413,299 2016 11,205,886 2017 11,081,713 2018 10,530,132 ______* Includes only those federal receipts required to be on the Schedule of Federal Awards Expenditures in accordance with OMB Circular A-133. This does not include food stamps and certain other Human Service Programs which are considered to be expenditures and are audited at the State level.
The County allocated some of these federal funds and additional state funds to the following programs.
Small City Block Grant
Year Amount 2014 $215,719 2015 381,404 2016 257,776 2017 159,476 2018 65,212
40 State and Federal Funds Juvenile Justice Grant
Year Amount 2014 $810,765 2015 1,018,022 2016 784,382 2017 961,058 2018 906,625
State Funds Ohio Youth Commission Grant Year Amount 2014 $886,791 2015 1,484,535 2016 1,638,445 2017 1,627,247 2018 1,755,253
Beginning in July 2000 the County began receiving funds from the Workforce Investment Act through the County Jobs and Family Services Department. These funds totaled $626,462 in 2018.
Revenues From County Properties The County received the following amounts in rental payments from the leasing of space in various County buildings during the last five years:
Rental Receipts Year Amount 2014 $138,231 2015 133,888 2016 166,097 2017 158,376 2018 208,614 ______Source: Greene County Auditor.
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41 County General Fund
The following table shows the County’s current General Fund balance and the year-end balance for the last five years:
Year General Fund Balance 2014 $21,220,609 2015 26,467,877 2016 28,466,094 2017 32,351,056 2018 28,359,071 August 12, 2019 31,170,762 ______Source: Greene County Auditor.
SECURITY AND SOURCES OF PAYMENT FOR COUNTY GENERAL OBLIGATION BONDS AND NOTES
Ad Valorem Property Tax Security
The basic security for the unvoted general obligation debt of the County is the County’s ability to levy, and its pledge to levy, an ad valorem tax on all the taxable property in the County within the ten-mill limitation, imposed by the Ohio Constitution and laws, for the County and overlapping political subdivisions (described in detail under “COUNTY DEBT AND LONG TERM OBLIGATIONS – Indirect Debt Limitations”), in sufficient amount to pay, as the same becomes due, the principal of and interest on the outstanding unvoted general obligation bonds, bond anticipation notes and certificates of indebtedness of the County and the overlapping subdivisions. The laws of the State of Ohio require that the levy for debt service has priority over any levy for current expenses within such ten-mill limitation.
Chapter 9 of the Federal Bankruptcy Code contains provisions relating to the adjustment of debts of a State’s political subdivisions, public agencies and instrumentalities (“eligible entity”), such as the County. Under the Bankruptcy Code and in certain circumstances described therein, an eligible entity may be authorized to initiate Chapter 9 proceedings without prior notice to or consent of its creditors, which proceedings may result in material and adverse modification or alteration of the rights of its secured and unsecured creditors, including holders of its bonds and notes. The County may only initiate Chapter 9 proceedings with the approval of the Tax Commissioner of Ohio.
The Bankruptcy Code also protects holders of municipal revenue bonds, by providing that special revenues acquired by the eligible entity after the commencement of bankruptcy proceedings remain subject to any lien resulting from any security agreement entered into by the eligible entity before commencement of the proceedings.
Section 133.36 of the Ohio Revised Code permits a political subdivision, such as the County, for the purpose of enabling such subdivision to take advantage of the provisions of the Bankruptcy Code, and for that purpose only, and upon approval of the State Tax Commissioner, to file a petition stating that the subdivision is insolvent or unable to meet its debts as they
42 mature, and that it desires to effect a plan for the composition or readjustment of its debts, and to take such further proceedings as are set forth in the Bankruptcy Code as they relate to such subdivision. The taxing authority of such subdivision may, upon like approval of the State Tax Commissioner, refund its outstanding securities, whether matured or unmatured, and exchange refunding bonds for the securities being refunded. In its order approving such refunding, the State Tax Commissioner shall fix the maturities of the bonds to be issued, which shall not exceed thirty years. No taxing subdivision is permitted, in availing itself of the provisions of the Bankruptcy Code, to scale down, cut down or reduce the principal sum of its securities except that interest thereon may be reduced in whole or in part.
The basic security for the voted general obligation debt of the County is the authorization of the electors of the County to levy ad valorem taxes on all real and personal property in the County subject to ad valorem taxation by the County. The tax is to be in sufficient amount to pay (to the extent not paid from other sources), as it becomes due the debt service on the voted bonds, subject to the 3%, 1½%, 2½% limitation discussed in “COUNTY DEBT AND OTHER LONG TERM OBLIGATIONS” below affecting creditors’ rights.
Ohio law requires the levy during the period in which general obligation bond anticipation notes run of ad valorem property taxes in an amount not less than that which would have been levied if bonds had been issued without the prior issue of the notes. Such levy need not actually be collected if payment in fact is to be provided from other sources (see “BOND ANTICIPATION NOTES” herein).
Sources of Payment
In addition to the basic ad valorem property tax security described above, each resolution authorizing the issuance of the County’s general obligation bonds or notes issued in anticipation thereof provides further security by making a pledge of the full faith, credit and revenues of the County for the payment of debt service on such bonds or notes as the same becomes due. Included in such general pledge are all funds of the County, except those specifically limited to another use or prohibited from use for such debt service by the Ohio Constitution, or Ohio or federal law, or revenue bond trust agreements, such as tax levies voted for specific purposes, taxes levied for debt service on voted general obligation bond issues, and certain utility revenues. As discussed herein, only voted general obligations are payable from unlimited ad valorem property taxes.
The County expects that the debt service on certain unvoted general obligation debt of the County will in fact be paid from sources other than the ad valorem property tax, such as utility revenues and special assessments. Should these other revenues for any reason become insufficient to pay debt service on the bonds described above, and on any notes issued in anticipation thereof, the County is required by Ohio law to levy and collect the above-described ad valorem taxes to pay such debt service.
In addition, pursuant to Section 133.08 of the Revised Code, the County may issue Revenue Bonds payable solely from the revenues of the given utility, airport, stadium, or other projects permitted by the statute for which the bonds were issued. These bonds are not supported by the underlying taxing power of the County.
43 INVESTMENT CONSIDERATIONS
General
All obligations of the County are subject to changes in value due to changes in the condition of the tax exempt bond market and/or changes in the financial position of the County.
Prospective purchasers of the County’s obligations may need to consult their own tax advisors prior to any purchase as to the impact of the Internal Revenue Code of 1986, as amended, upon their acquisition, holding or disposition of such obligations.
With regard to the risk involved in a lowering of the County’s bond rating, see the section on “RATINGS” in any Official Statement supplementing this Annual Statement for the particular bond or note issue.
For a further description of the risks associated with the purchase of particular issues of bonds, notes or certificates of indebtedness of the County, please refer to the “INVESTMENT CONSIDERATIONS” or “RISK FACTOR” section in any Official Statement supplementing this Annual Statement.
In general, where the County expects to refund a note issue or certificates of indebtedness with an issue of bonds or renewal notes or certificates, and where unfavorable market conditions are combined with a State-imposed interest rate ceiling, the County could experience difficulty in receiving any bids for the refunding or renewal issue.
Local Fiscal Emergency Legislation
Chapter 118 of the Revised Code of Ohio (hereinafter in this section of this Annual Statement the “Act”) provides methods for dealing with fiscal emergencies of municipal corporations, counties and townships in Ohio. The Act applies only to those municipal corporations, counties and townships which are determined to have circumstances that constitute the existence of a fiscal watch or a fiscal emergency condition and therefore a fiscal watch or a fiscal emergency pursuant to Sections 118.021, 118.022, 118.03 and 118.04 of the Revised Code, as set forth in the Act.
Section 118.022 of the Ohio Revised Code sets forth a series of conditions that constitute grounds for a fiscal watch. If a fiscal watch is determined to exist, the municipality, county or township is provided technical and support services by the State Auditor’s Office to restore financial stability. If the fiscal watch conditions are not remedied, the municipality, county or township will remain under fiscal watch or be reclassified to a fiscal emergency.
Section 118.03 of the Ohio Revised Code sets forth a series of circumstances that are defined “fiscal emergency conditions.” If a fiscal emergency condition is determined to exist, the municipality, county or township is subjected to state oversight through a seven-member Financial Planning and Supervision Commission (hereinafter in this section of this Annual Statement the “Commission”). The Commission is assisted by certified public accountants designated as the Financial Supervisor to be engaged by the Commission. The Auditor of State may also be required to assist the Commission.
44 A municipal corporation, county or township subject to the Act because of the existence of a fiscal emergency must develop and submit a detailed financial plan for the approval or rejection of the Commission. Among other matters, the financial plan must show the actions to be taken by such a municipal corporation, county or township to eliminate existing fiscal emergency conditions, avoid future fiscal emergency conditions, and to restore such a municipality’s, county’s or township’s ability to market long-term debt obligations under state laws generally applicable to Ohio political subdivisions.
The Commission must approve the amount and purpose of any issue of debt obligations. The Commission, or when authorized by the Commission, the Financial Supervisor, among other powers, shall require the municipal corporation, county or township to establish monthly levels of expenditures and encumbrances consistent with the financial plan and shall monitor such monthly levels and require justification to substantiate any departure from an approved level. The Commission must disapprove the issuance of debt obligations if the issuance would impede the purposes of the financial plan or be inconsistent with the financial plan or the Act; debt limits would be exceeded; the ability of overlapping subdivisions to issue unvoted faith and credit debt obligations would be impaired; and their issuance would be likely to lead to the reallocation of minimum levies of other political subdivisions. Expenditures may not be made contrary to an approved financial plan. Expenditures may not be made contrary to a proposed financial plan after it is submitted to the Commission and before it is approved or disapproved; and if it is disapproved, no expenditures may be made which are inconsistent with the reasons given for disapproval.
The Act provides, among other requirements and provisions, that a municipality, county or township subject to such Act must develop an effective financial accounting and reporting system; budgets, appropriations and expenditures are to be consistent with the purposes of the financial plan; permits the issuance of Local Government Fund Notes, payable solely from such a municipal corporation’s, county’s or township’s share of the local government fund pursuant to restrictions imposed by such Act; such a municipal corporation, county or township may include certain covenants in its debt obligations, including a state pledge not to repeal such Act; and permits the municipality to issue current revenue notes and advanced tax payment notes pursuant to the authorization and subject to the restrictions of such Act.
The County Auditor has reviewed applicable portions of the Act and has reviewed records pertaining to the County’s circumstances with respect to the Act. The County Auditor, based upon her understanding of the Act, is of the opinion that, with respect to the County, no circumstances or conditions exist that will cause a fiscal emergency condition to be determined to exist under the Act.
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45 GREATER GREENE-LITTLE MIAMI SEWER DISTRICT
General
The Greater Greene-Little Miami Sewer District (the “District”) is a single administrative district established by the Board of Greene County Commissioners on May 5, 1964, by merger of the Little Miami Sewer District (established June 1959) and the Mad River, Massie Creek and Sugarcreek Sewer Districts (all established January, 1960) with the remainder of the County. The District encompasses all unincorporated areas of the County and any municipalities that have petitioned to join. For sewer service, those include the Cities of Beavercreek, Bellbrook, Centerville, Kettering, and the Villages of Cedarville, Clifton and Spring Valley. For water service, those include the Cities of Beavercreek, Centerville and Kettering and the Village of Cedarville. The District includes separate water systems and sewer systems.
The County operates public water supply improvements within the District consisting of several complete public water supply systems (for which the County produces and distributes water) and several purely distribution systems (for which the County purchases water from other governmental public water suppliers). Collectively, these improvements are known as the “Water System” or the “System.” The complete public water supply systems include the “Northwest Regional” Water Supply and the “Southwest Regional” Water Supply. The distribution systems include the “Dayton,” “Concept,” “Swigart,” “Clyo” and “Kitridge” areas (City of Dayton source), the “Fairborn” area (City of Fairborn source) and the “Eastern Regional” area (City of Xenia source).
Pursuant to Sections 6103.02 and 6117.02 of the Ohio Revised Code, revenues derived from operation of the Water and Sewer Systems, respectively, must be applied first to the conduct, management and operation of the Water and Sewer Systems, second to payment of interest or principal of any loan, indebtedness or liability incurred in connection therewith, and any surplus remaining for the enlargement, replacement or extension of the Water and Sewer Systems, but in no case for any use not to the benefit of the Water and Sewer Systems.
Management
The Water System and the Sewer System are managed for the County Board of County Commissioners by the Sanitary Engineering Department. The County Sanitary Engineering Department was created in 1966.
The Director of the Sanitary Engineering Department is responsible for total District, System and Department management, under policies established by the Board of Greene County Commissioners and State law to assure that operations, projects and programs are properly established and maintained within appropriate guidelines.
Method of Accounting
The Water System (Water Revenue Fund) and the Sewer System (Sewer Revenue Fund) operate day-to-day on a cash basis of accounting. For reporting purposes in the Comprehensive Annual Financial Report of the County, however, the accounting records are converted to the accrual basis, under which revenues are recognized in the accounting period when they become
46 measurable and available; expenditures are recognized when goods and services are received and the County becomes liable for payment; and unmatured interest on general long-term debt or special assessment debt is recognized as an expenditure only when due.
Encumbrance accounting is utilized by the County in the normal course of operations for purchase orders and contract-related expenditures. An encumbrance is a reserve on the available spending authority due to a commitment for a future expenditure and does not represent a liability. Encumbrances outstanding at year-end are treated as a reserve to the fund balance and are carried forward to the next fiscal year.
The accounting system provides for adequate internal accounting controls designed to provide reasonable assurance regarding (a) the safeguarding of assets against loss from unauthorized use or disposition and (b) the reliability of financial records for preparing financial statements and maintaining accountability for assets.
An annual, independent audit of the County is performed by the Auditor of State in accordance with generally accepted auditing standards.
Employees and Payroll
As of December 31, 2018, the District had 12 employees engaged in Water System tasks, 20 employees in Sewer System tasks and 47 employees engaged in both sewer and water tasks.
Presently, 16 of the 75 eligible employees of the District are dues paying members of the District bargaining unit. The current agreement between the County and union expires on December 31, 2020.
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47 Greene County Sanitary Engineering Department Top Management Structure 2019
Board of Greene County Commissioners
County Administrator
Director Sanitary Engineering
Administrative Clerical Support Specialist Coordinator
Operations & Environmental Assistant Fiscal Finance Maintenance Services Director Supervisor Manager Manager Manager
Utility WWTP Maintenance Manager Manager
Water Supply & Central/Vehicle Treatment Maintenance Manager Manager
Laboratory Manager
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48 THE WATER SYSTEM
Description
The Water System is a relatively “new” utility with the majority of components constructed since 1978. A tabulation of system components, effective January 1, 2019 is shown below. As of January 1, 2019, there were 17,978 connections (approximately 44,945 persons based on July 2011 census of 2.5 per household) to the Water System.
The District currently operates three (3) water treatment plants. The Water System produced and purchased for distribution 1.872 billion gallons of drinking water during 2018.
A summary of distribution system, customer connection, and water production/purchase growth for the period 2014-2018 is found on the pages that follow.
Greene County Public Water Supply System Component Tabulation
AREA WATER SUPPLY WATER TREATMENT WATER DISTRIBUTION Capacity Capacity Storage Connections Storage Type (MGD) Type (MGD) (MG) (1 Jan 2019) (MG) Northwest Regional Wells (13) 9.8 I 11.3 3.50 15,024 8.25 Southwest Regional Wells (2) 0.432 II 0.432 0.550 339 0.25 Dayton, Concept, Swigart, Clyo, Kitridge (City of Dayton) N/A N/A N/A N/A 801 N/A Fairborn (City of Fairborn) N/A N/A N/A N/A 24 N/A Eastern Regional* (Northwest Regional) .54 III N/A N/A 1,789 1.25 Bellbrook N/A N/A N/A N/A N/A 1 N/A ______WATER TREATMENT TYPE: I - Aeration/detention, filtration, fluoride adjustment, disinfection II - Disinfection III - Fluoride adjustment
* Eastern Regional services Wilberforce, Shawnee Hills and Cedarville areas.
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49 Greene County Public Water Supply System Growth History 2014 – 2018
Water Mains Customer Water Consumed Year (Miles) Connections (Gal.) 2014 365.7 17,297 1,426,824,000 2015 365.7 17,453 1,442,280,000 2016 365.7 17,679 1,492,742,000 2017 393.7 17,839 1,492,606,000 2018 397.7 17,978 1,356,522,000
Operations
The Water System pumped an average of approximately 6.02 million gallons of water per day in 2018 with a maximum peak day of 8.59 million gallons. The average user requires approximately 250 gallons per day, which translates into an average monthly bill for the year 2018 of approximately $42.32. The ten largest users (by total revenue) for the year 2018 were:
Consumption/ Name Nature of Business Gallons Water Revenue* 1. Soin Medical Center Hospital 24,178,000 $130,096 2. Wilberforce University Education 12,016,400 67,195 3. UCH DBA Trinity Nursing Facility 11,147,000 61,188 4. Meijer Inc Site #107A Retail Store 5,210,000 43,559 5. Elano Manufacturing 8,242,000 40,404 6. The Greene Town Center Mall Stores-Plum St. 6,643,000 33,503 7. Mike’s Express Car Wash Car Wash 5,509,000 26,605 8. Suburban Extended Stay Hotel Hotel/restaurant 5,173,000 26,281 9. Heartland Nursing Facility 4,733,000 23,412 10. Flying Ace Express Car Wash 4,677,000 21,941 TOTAL 87,528,400** $474,184*** ______* These figures reflect revenues at 2018 rates. ** Represents approximately 6.45% of the Water System’s total consumption in 2018. *** Represents approximately 5.10% of the Water System’s total revenues for 2018.
Rate Covenant
The County has covenanted to maintain certain rates and collect certain charges for the Water System, sufficient to produce net revenues available for debt service as a percentage of debt service on all outstanding water revenue bonds of at least 120%, as further provided in the bond documentation related to each specific series of water revenue bonds.
50 Rates (User Charges, Tap-In Fees, and Other Charges)
User charges and tap-in fees are identical for any service area of the Water System. The current user charge and tap-in fee schedule, established by the Greene County Board of County Commissioners with Resolution No. 14-1-7-5, is set forth below. These changes became effective on March 1, 2014. User charges and tap-in fees of the System are not subject to regulation by the Public Utilities Commission of Ohio or any other local, state or federal agency.
User Charges
For the entire Greater Greene-Little Miami District, no exclusions:
Year 2018 Monthly Minimum Charge Meter Size 0-1,000 Gallons ⅝” $13.13 ¾” $24.35 1” $46.08 1½” $101.61 2” $168.12 3” $322.08 4” $539.91 6” $1,093.09 8” $1,748.57
Wholesale Charge Over 1,000 gallons monthly $4.49/1,000 gallons Irrigation Service Rate Irrigation Service Rate $5.62/1,000 gallons
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51 Tap-In Fees
Based on the relative maximum safe operating capacity of the water meter, per American Water Works Association C700, tap-in fees for Domestic Service, Irrigation Meters and Fire Protection Lines are based on relative carrying capacity of the size line for the same velocity of flow for fire protection lines. For the Greater Greene-Little Miami Sewer District served by entirely Board of County Commissioners owned facilities, effective January 1, 2009:
Domestic Irrigation Meter or Service Meter Fire Protection Line Size Tap-In Fee Tap-In Fee Line Tap-In Fee 5/8” $ 3,500 $ 400 --- 3/4” 5,250 600 --- 1” 8,750 1,000 --- 1½” 17,500 2,000 --- 2” 28,000 3,200 $ 200 3” 56,000 6,000 580 4” 87,500 10,000 1,260 6” 175,000 20,000 3,680 8” 280,000 32,000 7,880 10” ------14,240
Tap-in fees for the Greater Greene-Little Miami Sewer District served by the County under an agreement with a person, firm or corporation that specifies a greater tap-in fee than that charged for entirely Board of County Commissioners owned facilities, shall be the tap-in fee established under said agreement.
Fees for meters larger than eight inches (8”) or lines larger than ten inches (10”) in diameter may be obtained from the Sanitary Engineer upon written request.
Equalization Charge
Certain county constructed water projects require that when a property abutting the water line is split or subdivided, each newly created lot or parcel pay the equivalent of the tentative assessment for the project in cash with the tap-in fee at the time of obtaining the tap-in permit, before making connection to the water system. The equalization charge (if any) for a particular property may be obtained upon request from the Greene County Sanitary Engineering Department.
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52 Connection Charges
Connection Charges are as follows:
Meter Size Connection Charge ⅝” $240 ¾” 270 1” 300 1½” 460 2” 560
For any meters larger than two inches (2”) and for special meters, the connection charge will be based on the cost of the meter plus labor costs for the installation.
Other Expenses
All other costs involved in a connection described above, including the installation of the service line, service valves, meter yokes, construction of meter pits, etc., shall be paid by the applicant directly to any person or business registered by the County to perform such service.
History
The rates and connection fees charged to users of the Water System are detailed previously, herein. The increased rates were effective as of March 1, 2015. The previous rates, current rates and a comparison of typical bills under previous rates and current rates are shown in the following table:
Monthly Charge Bill for Usage per 1,000 Average Period (Gallons) Gallons Usage** 0-1,000 11.66* 2007 – 2009 1,001 and over 3.99 37.60 0-1,000 12.01* 2010 1,001 and over 4.11 38.73 0-1,000 12.37* 39.87 2011 1,001 and over 4.23 0-1,000 12.62* 40.64 2012-2013 1,001 and over 4.31 0-1,000 12.87* 41.47 2014 1,001 and over 4.40 0-1,000 13.13* 42.32 2015-2018 1,001 and over 4.49 ______* Minimum monthly charge for 5/8” (residential size) meter. ** Based on monthly usage of 7,500 gallons.
53 The County intends to adjust rates as needed to continue to produce net revenues available for debt service in accordance with the County’s rate covenant for its outstanding water revenue bonds.
Comparable Water Rates
Based upon current water rates in the County, the average monthly residential water bill in 2019 will be approximately $42.32 for 7,500 gallons of water used. Comparable average monthly water rates for communities in the region during 2019 are as follows:
Comparable Average Monthly Water Rates
Location Rate Location Rate Miami County (Troy) $75.01 Miami County (Tipp City) 74.93 Miamisburg 65.58 Montgomery County (Kettering) 46.31 Montgomery County (Riverside) 46.31 Greene County 42.32 Butler County 39.41 Clark County 38.25 Warren County 35.10 ______Source: City of Oakwood Ohio, Department of Finance 2019 Water Rate Survey.
Billing and Collection Procedures
All water bills are issued, collected and processed by the County on a monthly basis. All bills are due on the due date appearing on each bill. After the due date, a seven and one-half percent (7.5%) late payment penalty may be added to the balance. Customers with delinquent balance of $80 or more are sent arrears notice during the first week of the month. If still unpaid by the second week, the customer receives water service shut-off notice advising that service will be terminated in two (2) working days if delinquent balance remains unpaid after shut-off notice due date.
Historical and Projected Financial Data
Under the bond documentation related to each series of water revenue bonds, the Water System rates and charges must be sufficient to produce gross revenues adequate to meet the reasonable expenses of operation and maintenance, the debt service requirements of such bond documentation, including additional reserves, and to assure the normal growth and sound operation of the Water System. Failure to maintain the required coverage ratio can be an event of default if remedial action is not taken.
54 Selected Historical Financial Information Greene County Sanitary Engineering Water Fund Debt Service Coverage
Historical
2014 2015 2016 2017 2018 Revenues Water Service Charges $8,846,095 $8,998,547 $9,496,529 $9,064,927 $9,838,469 Connection Fees/Tap-in 829,353 893,619 1,201,457 1,111,752 1,003,728 Other 305,493 301,395 335,884 220,108 333,801 Total Pledged Revenues 9,980,941 10,193,561 11,033,870 10,396,787 11,175,998
Expenses Personnel Expenses (2,023,660) (2,129,255) (2,176,791) (2,268,430) 2,373,907 Contract Services (513,460) (572,665) (655,568) (549,564) 609,004 Utilities (1,454,057) (1,593,112) (1,689,647) (1,765,300) 1,504,996 Equipment, Materials & Supplies (580,775) (532,521) (475,972) (506,078) 598,342 Miscellaneous (44,901) (60,733) (54,483) (59,289) 67,208 Total Operating & Maintenance Expenses (4,616,853) (4,888,286) (5,052,461) (5,148,661) (5,153,457)
Net Income Available for Debt Service $5,364,088 $5,305,275 $5,981,409 $5,248,127 $6,022,541
Principal and Interest Requirements on Revenue Bonds $2,715,714 $1,430,026 $1,175,850 $1,026,696 $912,015
Principal and Interest Requirements on all Obligations $3,549,403 $4,067,181 $3,277,063 $3,277,063 $3,140,066
Total Debt Service Coverage 1.51x 1.30x 1.83x 1.60x 1.92x Revenue Bonds Debt Service Coverage 1.98x 3.71x 5.09x 5.11x 6.6x
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55 Selected Projected Financial Information Greene County Sanitary Engineering Water Fund Maximum Debt Service Coverage
Projected
2019 2020 2021 2022 2023 Revenues Water Service Charges1 $9,300,000 $9,309,300 $9,318,609 $9,327,928 $9,337,256 Tap-in/Connection Fees 820,000 728,200 735,482 742,837 750,265 Other 285,000 287,850 290,729 293,636 296,572 Total Pledged Revenues 10,405,000 10,325,350 10,344,820 10,364,401 10,384,093
Total Operating & Maintenance Expenses2 (5,379,989) (5,525,161) (5,674,525) (5,828,207) (5,986,333)
Net Income Available for Debt Service $5,025,011 $4,800,189 $4,670,295 $4,536,194 $4,397,760
Principal and Interest Requirements on Revenue Bonds $1,424,925 $1,418,400 $1,409,625 $502,838 505,975
Principal and Interest Requirements on all Obligations $4,539,007 $4,539,007 $4,165,126 $2,712,696 $2,712,696
Total Debt Service Coverage 1.08x 1.06x 1.13x 1.70x 1.62x Revenue Bonds Debt Service Coverage 3.43x 3.38x 3.34x 9.16x 8.69x ______1 Assumes 0.5% customer growth rate 2 Assumes yearly average increase at 2% over five years.
Greene County Sanitary Engineering Water Fund Five-Year 2014 through 2018 Overview
Greene County Sanitary Engineering Water Fund maintains its financial records on a cash basis encumbrance accounting system. Annual operating and capital improvements program budgets are developed which serve as the basis of financial operations during the ensuing year. The Audited financial statements are prepared on the accrual basis in accordance with generally accepted accounting principles. The amounts used in this discussion represent information taken directly from financial reports using the cash basis encumbrance accounting system.
While individual revenue and expense items fluctuate on a year-to-year basis, Greene County Sanitary Engineering Water Fund’s operating results for the five years 2014-2018 reflect overall financial stability of the system.
Total Revenues from Water Service Charges have increased on average 6% from 2014 through 2018, which is a reflection of a water rate increase in 2014 and 2015. New customer connections have been steady averaging .87% over the five-year period. Usage has remained relatively steady due to wet weather conditions during the five-year period.
Revenue from Connection and Tap-in charges increased by approximately 17% from 2014 activity. Over the past five years new constructions has continued to show strong growth.
56 Total Operating Expenses during this five-year period increased on average 4%. Personnel costs increased approximately 8% due to filling vacant positions, increased health insurance cost and modest wage increases. Utilities decrease approximately 6% resulting from the 2018 completion of the Eastern Regional Water Extension project. This nearly eight miles of water main serves as an interconnection between the Northwest and Eastern region water systems resulting in the elimination of City of Xenia purchased water in 2018. In addition electric cost savings were realized through a fixed price Generation Supply Agreement with MidAmerican scheduled to expire in 2021. Ongoing cost management programs have helped to restrain growth in other operating costs.
Overall, the periodic rate increases and cost management efforts have enabled Greene County Sanitary Engineering Water Fund to maintain stable debt service coverage.
THE SEWER SYSTEM
Description
As of December 31, 2018, the District had 24,224 connections (or approximately 60,560 persons based on July 2011 census of 2.5 persons per household) located in the County, and provided treatment for an additional 9,883 connections located in Montgomery and Warren Counties.
The District currently operates four (4) wastewater treatment plants. During 2018 the District treated and purchased treatment services for approximately 6.165 billion gallons of sewage.
All of the County’s wastewater treatment plants (Beavercreek, Cedarville, Clifton and Sugarcreek), are currently in compliance with their NPDES Permits. However, the Beavercreek WRRF and the Cedarville WRRF has exceeded the design average day flow on multiple days due to extraordinary rain events over the past twelve months. The County is currently seeking proposals for facility master planning of our larger treatment facilities and the upgrade of the Clifton WRRF is in the design process. All future expansion plans are consistent with requests from Ohio EPA.
Currently, sludges produced at the Cedarville and Clifton wastewater treatment facilities are transported to Beavercreek and combined with sludge produced at that facility where it is processed and dewatered on site. Sludge produced at the Sugarcreek wastewater treatment facility is processed and dewatered on site. Dewatered sludge is then disposed of at multiple landfills and occasionally at anaerobic digester facilities including Renergy Inc. and Quasar where biosolids is converted to biogas and then returned back into the natural gas and electrical system grid. Residual waste from these facilities are then land applied to farm fields for beneficial reuse.
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57 Greene County Public Sewerage System Component Tabulation*
Area Collection System Treatment System
Pumping Service Pipe (l.f.) Manholes Stations Connections Beavercreek 1,476,288 6,654 10 15,423 Greene County “Beavercreek” Sugarcreek 535,075 2,537 3 15,969** Greene County “Sugarcreek” Concept 65,288 317 0 876 Montgomery County “Eastern Regional” Grangeview 12,936 78 0 129 City of Dayton Fairborn 264 1 0 3 City of Fairborn Cedarville 54,648 250 6 707 Greene County “Cedarville” Clifton 20,486 0 1 106 Greene County “Clifton” Clark 1,109 5 0 7 Clark County “S.W. Regional” Shawnee Hills 74,237 3 887 887 Jamestown WWTP Totals 2,240,331 9,845 907 34,107 ______* As of January 1, 2019. ** Greene County facilities only. *** Includes 5,963 Greene County connections and an estimated 9,883 Montgomery County connections.
Greene County Public Sewerage Growth History
Customer Connections Estimated Wastewater Treated Year Greene Montgomery Population* (Million Gallons) 2014 23,366 9,117** 81,208 5,000 2015 23,555 9,196** 81,878 5,378 2016 23,734 9,449 82,958 5,275 2017 23,937 9,708 84,113 6,102 2018 24,224 9,883 85,268 5,999 ______* Based on July, 2011 census of 2.5 persons per household.. ** Based on actual connections
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58 Greene County Wastewater Treatment Plant Performance
2014 2015 2016 2017 2018 Beavercreek Plant Average Daily Flow (MGD) 7.358 8.081 7.754 8.7 7.8814 Maximum Daily Flow (MGD) 25.166 24.556 16.225 23.19 22.942 Suspended Solids (mg/l) 4 3.6 3.8 4.95 3.7 CBOD5 (mg/l) 1 1 2.8 3.2 2.7 Ammonia (mg/l) 0.13 0.08 0.16 0.27 0.14 F Coli (colonies/100 ml) -- N/A N/A N/A N/A E Coli 6.2 77 23.7 49.6 21.5 Sugarcreek Plant Average Daily Flow (MGD) 5.89 6.204 6.2017 7.4 8.0138 Maximum Daily Flow (MGD) 14.085 14.15 13.985 16.18 17.569 Suspended Solids (mg/l) 3 3 3 2.66 3 CBOD5 (mg/l) 2 1 3.1 2.61 2.5 Ammonia (mg/l) 0.54 0.19 0.21 0.11 0.12 F Coli (colonies/100 ml) 101 N/A N/A N/A N/A E Coli 52 5 12 9.79 21.918 Cedarville Plant Average Daily Flow (MGD) 0.41 0.456 0.4446 0.476 0.5267 Maximum Daily Flow(MGD) 2.87 2.319 2.74 2.82 2.736 Suspended Solids (mg/l) 4 5.2 3.2 3.8 4.3 CBOD5 (mg/l) 1 2.5 2.2 2.3 3.3 Ammonia (mg/l) 0.16 0.12 0.18 0.29 0.19 F Coli (colonies/100 ml) 6 N/A N/A N/A N/A E Coli -- 2 2 1 5 Clifton Plant Average Daily Flow (MGD) 0.0134 0.14 0.013 0.0164 0.0188 Maximum Daily Flow(MGD) 0.057 0.073 0.037 0.036 0.121
Suspended Solids (mg/l) 2 2 2 1 6 CBOD5 (mg/l) 2 3 2 2.3 3 Ammonia (mg/l) 0.08 0 0.02 0.3 0.1 F Coli (colonies/100 ml) 153 7 N/A N/A N/A E Coli 28 11 9.16 23.5 21.363
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59 Operations
The Sewer System treated an average of approximately 16.44 million gallons of wastewater per day in 2018, with a maximum peak day of approximately 43 million gallons. The average user requires approximately 250 gallons per day, which translates into an average monthly bill for the year 2018 of approximately $57.35. The ten largest users (by total usage) for the year 2018 were:
Gallons of Wastewater Name Nature of Business Treated Sewer Revenue 1. Cedarville College Education 45,220,000 $ 348,403 2. Soin Medical Center Hospital 19,429,000 163,804 3. Trinity Nursing Home Nursing Home 11,147,000 93,806 4. Elano Corporation Manufacturing 8,242,000 64,786 5. The Greene Town Center Mall Stores-Plum St. 6,643,000 53,335 6. Mike’s Express Car Wash Car Wash 5,509,000 42,943 7. Meijer Retail 5,210,000 60,286 8. Suburban Extended Stay Hotel Hotel 5,173,000 42,407 9. Heartland Nursing Facility 4,733,000 37,646 10. Suburban Extended Stay Hotel Hotel/restaurant 4,677,000 35,666 115,983,000* $943,082** ______* Represents approximately 7.09% of the Sewer System’s total gallons of wastewater treated in 2018. ** Represents approximately 6.21% of the Sewer System’s total revenues for 2018.
Rate Covenant
The County has covenanted to maintain certain rates and collect certain charges for the System, sufficient to produce net revenues available for debt service as a percentage of debt service on all outstanding revenue bonds of at least 120%, as further provided in the bond documentation related to each specific series of water revenue bonds.
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60 Rates (Sanitary Sewerage and Sewage Treatment Facilities Charges)
Connection Charge
Connection Charges are determined as set forth below.
(a) For the entire Greater Greene-Little Miami Sewer District where all domestic usage is metered:
Connection Charge Connection Charge Meter Size Effective January 1, 2009 Effective January 1, 2009 ⅝” $3,500 $3,500 ¾” 5,250 5,250 1” 8,750 8,750 1½” 17,500 17,500 2” 28,000 28,000 3” 56,000 56,000 4” 87,500 87,500 6” 175,000 175,000 8” 280,000 280,000
(b) For the entire Greater Greene-Little Miami Sewer District where water usage does not constitute the only discharge of the sanitary sewer and/or all water usage is not metered by Greene County Sanitary Engineering Department or its approved agent, connection charges will be determined as follows:
(i) The Sanitary Engineer shall estimate the peak flow to be contributed by the proposed connection, based upon the Ohio E.P.A. “Sewage Flow Guide” from Water Supply, Sewerage and Sewage Treatment for Public Buildings in Ohio (as amended).
(ii) The Sanitary Engineer shall determine the water meter size necessary for that peak flow.
(iii) Connection charges will then be established in accordance with Section 1.a. above.
(c) Connection charges for the Greater Greene-Little Miami Sewer District served by the County under an agreement with a person, firm or corporation that specifies a greater connection charge than that charged for entirely Board of County Commissioner owned facilities, shall be the connection charge established under said agreement.
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61 Equalization Charge
Certain County constructed sewerage projects require that when a property abutting the sewerage is split or subdivided, each newly created lot or parcel pay the equivalent of the tentative assessment for the project in cash with the connection charge at the time of obtaining the tap-in permit, before making connection to the sewerage system. The equalization charge (if any) for a particular property may be obtained upon request from the Greene County Sanitary Engineering Department.
Other Expenses
All other costs involved in a connection described in Item 1 above, particularly the construction of the service line from the County sewer to the house or building, shall be paid by the applicant directly to any person or business registered by the County to perform such service.
Service Rates
The table below sets for the service rates for the entire Greater Greene-Little Miami Sewer District where water usage is not metered by Greene County Sanitary Engineering Department or its approved agent.
Metered Rate
Year 2018 Monthly Minimum Charge Meter Size 0-3,000 Gallons ⅝” $ 23.83 ¾” 36.23 1” 59.93 1½” 119.67 2” 191.54 3” 359.11 4” 598.43 6” 1,196.85 8” 1,914.93 ______Note: Wholesale charge for more than 3,000 gallons/month - $7.45/1,000 gallons.
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62 History
The rates and connection fees charged to users of the Sewer System are detailed above. The increased rates were effective as of January 1, 2012. The previous rates, current rates and a comparison of typical bills under previous rates and current rates are shown in the following table:
Monthly Charge Usage per 3,000 Bill for Bill for Period (Gallons) (Gallons) Average Usage** 0-3,000 gals 18.97* 45.61 2003-2006 Over 3,000 gals 5.92 Flat rate 49.06 0-3,000 gals 19.16* 46.07 2007 Over 3,000 gals 5.98 Flat rate 49.55 0-3,000 gals 19.35* 47.54 2008 Over 3,000 gals 6.04 Flat rate 50.04 0-3,000 gals 20.12* 49.43 2009 Over 3,000 gals 6.28 Flat rate 52.02 0-3,000 gals 21.13* 51.93 2010 Over 3,000 gals 6.60 Flat rate 54.65 0-3,000 gals 23.14* 55.67 2011 Over 3,000 gals 7.23 Flat rate 59.84 0-3,000 gals 23.83* 58.51 2012-2018 Over 3,000 gals 7.60
Flat rate 62.87 0-3,000 gals 24.31* 58.51 2019 Over 3,000 gals 7.60 Flat rate 62.87 ______* Monthly minimum charge. ** Metered rate based on monthly usage of 7,500 gallons.
The County intends to adjust rates as needed to continue to produce net revenues available for debt service in accordance with the County’s rate covenant for its outstanding sewer revenue bonds.
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63 Comparable Sewer Rates
Based upon current sewer rates in the County, the average monthly residential sewer bill in 2019 will be approximately $58.51 for 7,500 gallons of water used. Effective February 1, 2019 sewer rates were increased 2%. Comparable monthly sewer rates for communities in the region during 2018 are as follows:
Comparable Average Monthly Sewer Rates Miami County (Troy) $89.27 Miami County (Tipp City) 76.81 Greene County 58.51 Montgomery County 56.28 Clark County 47.79 Warren County 35.03 Clermont County 33.30 Butler County 28.05 ______Source: City of Oakwood, Ohio, Department of Finance Sewer Rate Survey 2019.
Billing and Collection Procedures
All sewer and water bills are issued, collected and processed by the County on a monthly basis. All bills are due on the due date appearing on each bill. After the due date, a seven and one-half percent (7.5%) late payment penalty may be added to the balance. Customers with delinquent balance of $80 or more are sent arrears notice during the first week of the month. If still unpaid by the second week, another arrears notice is sent. A lien is placed on the property of delinquent sewer customers twice a year, in accordance with Ohio law.
Historical and Projected Financial Data
Under the bond documentation related to each series of sewer revenue bonds, the Sewer System rates and charges must be sufficient to produce gross revenues adequate to meet the reasonable expenses of operation and maintenance, the debt service requirements of such bond documentation, including additional reserves, and to assure the normal growth and sound operation of the Sewer System. Failure to maintain the required coverage ratio can be an event of default if remedial action is not taken.
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64 Selected Historical Financial Information Greene County Sanitary Engineering Sewer Fund Debt Service Coverage
Historical
2014 2015 2016 2017 2018 Revenues Sewer Service Charges $15,656,315 $15,503,044 $15,826,861 $15,954,734 $15,712,164 Montgomery County Use Charges (From SCWWTP Operating Exp. & Debt Serv.) 3,398,948 3,278,600 3,313,608 3,232,957 3,771,019 Connection Fees/Tap-in 729,750 934,500 1,039,800 1,127,454 1,693,977 Interest Income -0- -0- -0- -0- -0- Other 485,988 442,606 474,170 319,556 284,663 Total Pledged Revenues 20,271,001 20,158,750 20,654,439 20,634,701 21,461,823
Expenses Personnel Expenses (2,431,056) (2,615,151) (2,644,192) (2,721,250) 2,904,932 Contract Services (1,319,593) (1,204,607) (1,235,437) (1,301,527) 1,539,380 Utilities (1,792,619) (1,815,795) (1,782,400) (1,753,327) 1,844,145 Equipment, Materials & Supplies (612,462) (553,465) (462,872) (496,296) 560,815 Miscellaneous (79,493) (105,116) (67,458) (58,845) 126,484 Total Operating & Maintenance Expenses (6,235,223) (6,294,134) (6,192,359) (6,331,245) (6,975,756)
Net Income Available for Debt Service $14,035,778 $13,864,616 $14,462,080 $14,303,456 $14,486,067
Principal and Interest Requirements on Revenue Bonds $4,169,492 $835,735 $1,064,676 $873,790 $1,209,395
Principal and Interest Requirements on all Obligations $12,317,034 $11,516,192 $12,449,052 $12,062,281 $11,009,705
Total Debt Service Coverage 1.14x 1.20x 1.16x 1.19x 1.32x Revenue Bonds Debt Service Coverage 3.37x 16.59x 13.58x 16.37x 11.98x
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65 Selected Projected Financial Information Greene County Sanitary Engineering Sewer Fund Maximum Debt Service Coverage
Projected
2019 2020 2021 2022 2023 Revenues Sewer Service Charges1 $15,944,358 $15,960,102 $15,977,862 $15,995,658 $16,013,490 Montgomery County Use Charges (From SCWWTP Operating Exp. & Debt Serv.) 3,400,000 3,400,000 3,400,000 3,600,000 3,800,000 Tap-in/Connection Fees 980,000 834,750 838,774 842,818 846,882 Funds available for Debt Service 175,000 495,000 30,000 13,000 800 Other 353,000 356,530 360,095 363,696 367,333 Total Pledged Revenues 20,852,358 21,046,382 20,606,731 20,815,172 21,028,505
Total Operating & Maintenance Expenses2 (7,784,984) (7,981,718) (8,183,986) (8,391,951) (8,605,778)
Net Income Available for Debt Service $13,067,374 $13,064,664 $12,422.745 $12,423,222 $12,422,727
Principal and Interest Requirements on Revenue Bonds $1,743,860 $1,743,860 $1,743,860 $1,743,860 $1,743,860
Principal and Interest Requirements on all Obligations $12,540,154 $13,063,597 $11,890,612 $11,890,612 $12,422,658
Total Debt Service Coverage 1.00x 1.00x 1.03x 1.06x 1.00x Revenue Bonds Debt Service Coverage 7.22x 7.53x 7.00x 7.19x 7.12x ______1 Assumes 0.5% customer growth rate and no rate increases. 2 Assumes yearly average increase at 2% over five years.
Greene County Sanitary Engineering Sewer Fund Five-Year 2014 through 2018 Overview
Greene County Sanitary Engineering Sewer Fund maintains its financial records on a cash basis encumbrance accounting system. Annual operating and capital improvements program budgets are developed which serve as the basis of financial operations during the ensuing year. The Audited financial statements are prepared on the accrual basis in accordance with generally accepted accounting principles. The amounts used in this discussion represent information taken directly from financial reports using the cash basis encumbrance accounting system.
While individual revenue and expense items fluctuate on a year-to-year basis, Greene County Sanitary Engineering Sewer Fund’s operating results for the five years 2014-2018 reflect overall financial stability of the system.
Total Revenues from Sewer Service Charges have remained relatively flat from 2014 through 2018 which is a reflection of a zero sewer rate increases since January 2012. However, effective February 1, 2019, sewer service charges were increased 2%. New customer connections have been steady averaging 0.7% over the five-year period.
66 Montgomery County Use Charge is a cost reimbursement agreement between Montgomery and Greene counties for cost of constructing, operating and maintaining jointly used facilities (Sugarcreek WWTP) which provide sewage services. This Use Charge increased 11% over the 2014 to 2018 average due to increased preventive maintenance cost.
Revenue from Connection and Tap-in charges increased by approximately 53% over 2014 to 2018 average. Over the past several years new constructions has continued to show strong grow.
Total Operating Expenses during this five-year period increased on average 9%. Personnel costs increased approximately 9% due to filling vacant positions, increased health insurance cost and modest wage increases. Contract Services increased 17% due to higher biosolids disposal cost and equipment preventive maintenance contracts. Purchased sewer utility services increased 3% due to usage fluctuations and along with price increases. Electric cost has remained stable through a fixed price Generation Supply Agreement with MidAmerican Energy scheduled to expire in 2021. Ongoing cost management programs have helped to restrain further growth in other operating costs.
Overall, the periodic rate increases and cost management efforts have enabled Greene County Sanitary Engineering Sewer Fund to maintain stable debt service coverage.
REQUIRED BOND ACCOUNT BALANCES
The respective trust agreements related to the outstanding water and sewer revenue bonds of the County require that certain accounts be maintained by the County with respect to each water and sewer revenue bond issue, as applicable, in the form of a cash reserve, or a surety reserve policy in an amount equal to the required cash reserve, for each reserve account. The following tables list the form of and amounts retained in each of those accounts as of December 31 for the last five years.
Water System
Under the Trust Agreement, dated September 1, 1991, as supplemented by the First Supplemental Trust Agreement, dated June 1, 1996, the Second Supplemental Trust Agreement, dated May 15, 2001, Third Supplemental Trust Agreement, dated July 15, 2004, the Fourth Supplemental Trust Agreement, dated March 15, 2007, and the Fifth Supplemental Trust Agreement, dated as of November 1, 2010 (as supplemented, the “Water System Trust Agreement”), all by and between the County and The Bank of New York Mellon Trust Company, N.A. (as successor in trust to J.P. Morgan Trust Company, N.A.), the County is required to maintain a Debt Service Reserve Account (as defined in the Water System Trust Agreement) for each outstanding water system revenue bond issue; and a system-wide Surplus Account (as defined in the Water System Trust Agreement)The funds in such Debt Service Reserve Accounts are only to be used to make debt service payments on the outstanding water revenue bonds if there are insufficient funds in the Bond Account (as defined in the Water System Trust Agreement). There is no required balance for the Surplus Account and the money can be expended for any water system purpose.
67 Actual Balance 2007 Debt Service 2010 Debt Service for Years Reserve Account Reserve Account 2014 Surety Policy $522,020 2015 Surety Policy 517,863 2016 Surety Policy -0- 2017 Surety Policy -0- 2018 Surety Policy -0-
Sewer System
Under the Trust Agreement, dated June 15, 1993, as supplemented by the First Supplemental Trust Agreement, dated April 15, 1998, the Second Supplemental Trust Agreement, dated April 1, 2000, the Third Supplemental Trust Agreement, dated August 15, 2002, the Fourth Supplemental Trust Agreement, dated February 15, 2003, the Fifth Supplemental Trust Agreement, dated March 15, 2005, the Sixth Supplemental Trust Agreement, dated March 22, 2007, the Seventh Supplemental Trust Agreement, dated August 1, 2007, the Eighth Supplemental Trust Agreement, dated April 22, 2010, and the Ninth Supplemental Trust Agreement, dated as of November 2, 2010 (as supplemented, the “Sewer System Trust Agreement”), all by and between the County and The Bank of New York Mellon Trust Company, N.A. (as successor in trust to J.P. Morgan Trust Company, N.A.), the County is required to maintain a Debt Service Reserve Account (as defined in the Sewer System Trust Agreement) for each outstanding sewer system revenue bond issue; and a system-wide Surplus Account (as defined in the Sewer System Trust Agreement). The funds in such Debt Service Reserve Accounts are only to be used to make debt service payments on the outstanding bonds if there are insufficient funds in the Bond Account (as defined in the Sewer System Trust Agreement). There is no required balance for the Surplus Account and the money can be expended for any sewer system purpose.
2007A Debt Actual Service 2007B 2010A 2010B Balance Reserve Debt Service Debt Service Debt Service For Years Account Reserve Account Reserve Account Reserve Account 2014 $470,589 Surety Policy $648,498 $67,001 2015 470,504 Surety Policy 648,495 67,001 2016 470,504 Surety Policy 648,490 67,001 2017 470,500 Surety Policy 636,394 65,435 2018 470,500 Surety Policy 636,394 64,745
Future Major Capital Improvements for the District
The District is finalizing its Northwest Regional Water Master Plan and Hydraulic Model Update study. This study evaluated the current hydraulic capacity of water system supply, treatment capacity and the distribution system’s ability to meet future demands. The study also evaluated the impact of future development within the planning area and estimated projected average and peak flows to determine if sufficient capacity is available over a 20-year planning period.
68 The recommendations from this study will include wellfield acquisition, well redevelopment program, Northwest Regional water plant upgrade and an additional Clyo system tank over the next five years. The County is planning to fund the approximately $40,000,000 water system improvement projects through the Ohio EPA Water Supply Revolving Loan Account. The District anticipates the additional water debt service will begin in 2022, as approximately $2,000,000 current water debt service is retired. This will stabilize debt service coverage for the Northwest Regional Water Master Plan improvements.
Greene County and Beavercreek Township agreed to provide water and wastewater services to the vicinity of Greene County Airport property and a new Beavercreek Township Fire Station. This water and sewer extension will also serve portions of undeveloped Beavercreek Township property in the service area. The $1,291,000 water main and $826,000 sewer main extension will be financed by $653,010 OPWC grant, $300,000, zero percent OPWC loan, $100,000 Beavercreek Township contribution and the remaining approximately $1,000,000 funded by Greene County Capital Improvement (CIP) fund. The County anticipates construction will be complete by the end of 2019.
The County also plans to issue an approximately $424,000 special assessment bond within the next two years for Nathanial’s Grove Sanitary Lift Station. In addition, the District’s Capital Improvement plan includes various system improvement projects, which it anticipates funding on pay-as-you-go financing through the County’s Capital Improvement Funds.
COUNTY DEBT AND OTHER LONG TERM OBLIGATIONS
The following describes statutory and constitutional debt and ad valorem property tax limitations which apply to the County, and presently outstanding and projected bond and note indebtedness and certain other long term financial obligations of the County.
When the County issues industrial revenue bonds or health care revenue bonds for the benefit of third-party corporations, no schedule for these bonds is provided because such bonds do not represent an obligation of the County. These bonds are payable solely from rentals and other revenues derived from the lease, sale or other disposition of the projects financed thereby.
No bonds have been authorized by the electors that have not yet been issued.
The County is not and has never been in default on any of its debt obligations.
Statutory Direct Debt
The Revised Code provides that the aggregate principal amount of unvoted “net indebtedness” of a county, such as the County, may not exceed one percent of the total value of all property in such county as listed and assessed for taxation, and that the aggregate principal amount of voted and unvoted “net indebtedness” of such county may not exceed a sum equal to three percent of the first $100,000,000 of the assessed valuation, plus one and one-half percent of such valuation in excess of $100,000,000 and not in excess of $300,000,000, plus two and one- half percent of such valuation in excess of $300,000,000.
69 In calculating “net indebtedness,” the Revised Code provides that certain obligations of a county are not to be considered in the calculation, including self-supporting obligations, revenue bonds, and special assessment debt. (For a complete list of exempt debt see the Financial Statement attached as Appendix C.)
Other infrequently-issued types of obligations are also excluded from the calculation of net indebtedness; the County has a few such obligations outstanding. Notes issued in anticipation of bonds excluded from the calculation of net indebtedness are also excluded from such calculation. In calculating net indebtedness, amounts in a county’s bond retirement fund allocable to the principal amount of bonds otherwise included in the amount of net indebtedness are deducted from the total net indebtedness of such county.
Appendix C of this Annual Statement is a Financial Statement for the County, certified by the County Auditor, calculating the amount of the outstanding obligations of the County which are subject to the total direct debt limit (3%, 1½%, 2½% limit) and the unvoted direct debt limit (1% limit). As of September 1, 2019, the total principal amount of voted and unvoted general obligation debt that could be issued by the County, subject to the total direct debt limitation is $102,084,919.50 and the County’s net debt subject to such limitation presently outstanding is $31,042,000.00, leaving a balance of approximately $71,042,919.50 borrowing capacity issuable within such limitation on combined voted and unvoted non-exempt debt. The County has no voted debt outstanding which is subject to such limitation.
The total unvoted County general obligation debt that could be issued subject to the one percent unvoted direct debt limitation is $41,433,967.80. The net County debt subject to such limitation presently outstanding is $31,042,000.00, leaving a balance of approximately $10,391,967.80 additional unvoted non-exempt debt that could be issued by the County under such one percent limitation.
However, as described below, the County’s ability to incur debt in these amounts is restricted by the indirect debt limitation. In the case of unvoted general obligation debt, both the direct and the indirect debt limitations must be met.
Indirect Debt Limitations
Pursuant to Ohio law, a maximum tax levy of ten mills per dollar of assessed valuation (tax list) can be levied on any property without a vote of the people. The first charge against these ten mills is the debt service requirements on all limited tax general obligation bond, note and certificate of indebtedness issues of all overlapping political subdivisions. These ten mills are available for the debt service requirements of both limited tax bonds, notes and certificates of indebtedness for which tax levies are actually made to pay principal and interest, and limited tax bonds and notes supported by revenues or municipal income taxes and not actually levied unless such other sources become insufficient. Calculations with respect to compliance with the ten- mill limitation are made for the year in which pledged millage for unvoted general obligation bonds (or notes) of all overlapping political subdivisions is the highest. When notes are involved, theoretical debt service requirements for the bonds in anticipation of which such notes are issued are used in calculating aggregate pledged millage within the ten-mill limitation, and an
70 assumed rate of interest is employed for the bonds whose issuance is anticipated. A ten-mill certificate dated August 13, 2019, is attached hereto as Appendix D.
Because bonded indebtedness in Ohio cannot be incurred or renewed unless provision is made for levying taxes to pay debt service on the indebtedness (except in the case of indebtedness payable solely from revenues or special restricted-purpose tax levies), the ten-mill tax limitation represents an indirect limitation on a political subdivision’s capacity to incur debt within applicable direct debt limitations. Capacity within the ten-mill limitation is available to be pledged for debt service by overlapping political subdivisions having unvoted debt capacity on a first-come, first-served basis, and because of the disparity in the sizes of the tax lists or duplicates, a political subdivision with a relatively small tax list whose territory overlaps that of a political subdivision with a relatively large tax list can use up indirect debt capacity available to both through the issuance of a given principal amount of debt much more quickly than could the latter subdivisions issuing the same amount of debt.
At the present time, the City of Fairborn is the taxing subdivision in the County with the highest potential millage requirements for debt service on its own unvoted general obligation debt, the amount theoretically required for the City of Fairborn, the County and all other overlapping subdivisions being approximately 6.9197 mills. This amount leaves 3.0803 mills free to be allocated to the County and its overlapping subdivisions in additional unvoted bonds. The ten-mill limitation is such that a relatively small issue by some other overlapping taxing subdivision with a small tax duplicate can encumber a significant amount of millage, thereby dramatically reducing the amount of unvoted general obligation debt that the County could issue.
Overlapping Debt
The net overall debt of Greene County and all overlapping political subdivisions is set forth in Debt Table A.
The boundaries of the County include all or part of twelve school districts (of which four are partly in other counties), seven cities, six villages, twelve townships and four vocational school districts (three of which are primarily in other counties), all of which are separate political subdivisions with operating and debt service funding independent from that of the County. Various contractual and other arrangements not material except as may be noted elsewhere herein are in effect among or between the County and certain of the other political subdivisions.
Boards of Education of the school districts cannot incur more than one-tenth of one percent of their respective tax lists as general obligation debt without approval by a majority of the voters of the respective school districts (Section 133.06, Revised Code). Such Boards of Education may request voter approval of general obligation debt not in excess of nine percent of the tax list of the school district. Under State law, before seeking voter approval, a Board of Education is required where applicable to receive the consent of the Ohio Department of Taxation and the State Superintendent of Public Instruction in accordance with policies adopted by the State Board of Education.
71 Cities and villages within the County are subject to the direct debt limitation imposed by Section 133.05 of the Revised Code, which provides that a municipal corporation’s voted and unvoted debt may not exceed ten and one-half percent of its tax list, and that its unvoted debt may not exceed five and one-half percent of its tax list.
Certain classes of debt are exempt from these limitations, chief among which are: special assessment debt; notes issued in anticipation of current revenues or taxes or for certain emergency purposes; revenue bonds for various purposes; self-supporting debt for utility and quasi-utility purposes; voted urban redevelopment bonds not exceeding two percent (2%) of the issuer’s tax list; self-supporting debt for recreational facilities; and debt covenanted to be paid from lawfully available municipal income taxes.
Under Revised Code Section 133.09, the net indebtedness of a township, exclusive of special assessment debt, county bonds issued in anticipation of the levy or collection of township tax levies, notes issued in anticipation of the levy or collection of township tax levies, notes issued in anticipation of current revenues or taxes or for certain emergency purposes, inheritance tax refund bonds (with the approval of the State Auditor), and other debt not here material, shall never exceed two percent of the township’s tax list, and, with the exceptions noted, no such indebtedness shall be incurred unless authorized by vote of the electors of the township.
The net debt in the County is $25,209,896; net city debt is $15,683,264; net village debt is $750,235; net township debt is $0; net city school district debt is $143,626,266; net local and exempted village school district debt is $41,818,997; and the net joint vocational school district debt is $60,762,381.
Debt Table A
Greene County Debt and Overlapping Debt as of October 4, 2019*
Net Debt of County $25,209,896 Per Capita County Debt $151 County Debt as a percentage of Tax Valuation 0.61% Net Overlapping Debt (all political subdivisions) $287,851,039 Per Capita Overlapping Debt $1,726 Overlapping Debt as a percentage of Tax Valuation 6.95% ______* OMAC date of record is approximately 3 weeks ahead of actual date Source: Ohio Municipal Advisory Council (OMAC)
Bond Anticipation Notes
Under Ohio law applicable to the County, notes, including renewal notes, issued in anticipation of the issuance of general obligation bonds may be issued from time to time up to a maximum maturity of 20 years from the date of issuance of the original notes (except for notes issued in anticipation of special assessments, for which the maximum maturity is five years). Any period in excess of five years must be deducted from the permitted maximum maturity of the bonds anticipated, and portions of the principal amount of such notes must be retired in
72 amounts at least equal to and payable not later than principal maturities that would have been required if the bonds had been issued at the expiration of the initial five year period.
As of September 1, 2019, $82,000 of the debt of the County is in the form of general obligation and revenue bond anticipation notes and certificates of indebtedness (listed in Debt Table B). Such notes and certificates may be retired at maturity from one or a combination of sources: available funds of the County, the proceeds of the sale of the bonds anticipated by such notes, or the proceeds of the sale of renewal notes.
The ability of the County to retire its outstanding bond anticipation notes from the proceeds of the sale of either renewal notes or bonds will be dependent upon the marketability of such renewal notes or bonds under market conditions then prevailing.
OWDA Loans
The County has six loans with the Ohio Water Development Authority (“OWDA”) to finance the County’s share of the cost of developing and improving the County’s Water and Sewer Systems, as described in the table below (collectively, the “OWDA Contracts”). In 2017, the OWDA commenced a retroactive interest rate buy-down to 3.00% for loans related to the Water Pollution Control Loan Fund (“WPCLF”) and Drinking Water Assistance Fund (“DWAF”), such as the OWDA Loans. The revised interest rate was effective with the January 1, 2018 payments and will carry through to the respective loan maturity dates. As of August 6, 2019, the total outstanding principal amount of the OWDA Loans was $42,323,893.00.
OWDA Loans
Date Final Contract Original Interest Payment Amount Purpose Entered Amount Rate Date Outstanding* Sewer (WPCLF) 2003 $5,837,448.33 3.65% to 3.00% 2025 $ 2,122,504.53 Sewer (WPCLF) 2004 6,777,922.06 3.25% to 3.00% 2026 2,446,711.75 Sewer (WPCLF) 2006 7,577,204.14 3.34% to 3.00% 2028 4,152,617.90 Sewer (WPCLF) 2006 38,437,243.79 3.11% to 3.00% 2031 27,093,806.54 Sewer (WPCLF) 2008 4,422,268.58 3.40% to 3.00% 2029 2,617,854.78 Water (DWAF) 2008 5,491,060.57 3.53% to 3.00% 2031 3,890,397.50 TOTAL $42,323,893.00 ______Source: The remaining outstanding principal of each OWDA Loan reflects the amount listed on https://loans.owda.org/LGALoans.asp?LGAID=372 as of August 6, 2019.
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73 OPWC Loans
The County has three outstanding loans with the Ohio Public Works Commission (“OPWC”) to finance improvements to the Water and Sewer Systems, as described in the table below (collectively, the “OPWC Loans”). As of August 6, 2019, the total outstanding principal amount of the OPWC Loans was $615,249.56.
OPWC Loans
Date Final Contract Original Interest Payment Amount Purpose Entered Amount Rate Date Outstanding* Sewer 2013 $217,000.00 0% 2043 $173,599.96 Sewer 2016 389,913.86 0% 2046 350,922.50 Water 2017 98,975.00 0% 2047 90,727.10 TOTAL $615,249.56 ______Source: The remaining outstanding principal of each OPWC Loan reflects the amount listed on https://www.pwc.ohio.gov/Financial/OPWC-Loan-Reports/Loan-Amortizations-Balances as of August 6, 2019.
Debt Currently Outstanding
The following tables list the indebtedness of the County in the form of bonds, notes, and certificates of indebtedness as of September 1, 2019:
Debt Table B
Principal Amount of Debt Outstanding September 1, 2019
County Debt - Special Assessment Bonds
Remaining Interest Date of Amount of Coupon Payment Bond Amount Issue Purpose Original Issue Interest Rate Dates Maturity Outstanding 09/08/99 Water & Sewer Improvement $ 210,000 5.70% J1-D1 2019 $ 15,000 08/01/03 Water & Sewer 640,000 4.40-4.75% J1-D1 2023 160,000 09/01/05 Shawnee Hills 1,435,000 4.00-4.25% J1-D1 2025 525,000 09/06/07 Water System Improvements 20,000 6.00% J1-D1 2027 9,000 08/12/08 Various Purpose 1,095,000 5.00% J1-D1 2028 545,000 09/09/13 Water System Improvements* 30,200 3.75% J1-D1 2023 16,500 06/10/15 Various Purpose* 955,000 2.00-4.00% J1-D1 2030 800,000 06/15/17 Water System Improvements 639,776 3.64% J1-D1 2037 614,896 06/07/18 Water System Improvements 695,000 4.00% J1-D1 2038 695,000 TOTAL $3,380,396 ______* Manuscript debt purchased by the Greene County Treasurer
74 County Debt - Revenue Bonds
Amount of Remaining Interest Final Date of Original Interest Payment Bond Amount Issue Purpose Issue Rate Dates Maturity Outstanding 03/22/07 Water $7,285,000 5.00-5.25% J1-D1 2021 $2,485,000 03/22/07 Sewer 4,875,000 3.75-5.00% J1-D1 2027 3,310,000 08/09/07 Sewer* 4,455,000 4.50% J1-D1 2027 655,000 04/22/10 Sewer* 6,695,000 3.50-4.50% J1-D1 2027 5,995,000 11/02/10 Sewer 850,000 4.00% J1-D1 2030 555,000 TOTAL $13,000,000 ______* The proceeds of these Series 2010 Sewer Revenue Bonds were used to advance refund the Series 2000 Sewer Revenue Bonds, the Series 2002 Sewer Revenue Bonds, and the Series 2007B Sewer Revenue Bonds with the exception of the final term maturity of the Series 2007B Sewer Revenue Bonds of $655,000 due 12/1/27.
Outstanding General Obligation Bonds
Remaining Interest Final Date of Amount of Interest Payment Bond Amount Issue Purpose Original Issue Rate Dates Maturity Outstanding 01/25/07 Various Purpose $ 9,610,000 4.00-5.25% J1-D1 2028 $ 6,810,000 09/06/07 Infrastructure† 6,000,000 4.25-4.75 J1-D1 2032 800,000 03/02/10 Tax Exempt Refunding Bonds 15,760,000 3.25-5.00% J1-D1 2039 14,285,000 11/01/11 Infrastructure 7,800,000 2.50-3.70% J1-D1 2031 5,555,000 06/20/13 Water System Taxable Refunding Bonds 11,290,000 2.00-2.55% J1-D1 2021 4,860,000 06/20/13 Sewer System Taxable Refunding Bonds 51,015,000 1.50-3.420% J1-D1 2025 32,440,000 09/26/13 Sewer System Refunding Bonds 7,115,000 1.50-3.625% J1-D1 2025 3,200,000 05/07/15 Infrastructure Refunding Bonds 3,955,000 2.00-3.00% J1-D1 2030 3,510,000 07/12/16 Water System Refunding Bonds 5,615,000 2.00% J1-D1 2030 5,615,000 09/28/17 Water System Improvement 7,615,000 2.00-3.00 J1-D1 2037 7,615,000 TOTAL $84,690,000 ______† $3,575,000 of the 2007 Infrastructure Bonds were defeased and advance refunded with a portion of the proceeds of the Series 2015 Infrastructure Refunding Bonds and a corresponding principal amount of such Series 2007 Bonds was redeemed on December 1, 2017.
Outstanding General Obligation Bond Anticipation Notes and Certificates of Indebtedness
Original Date of Date of Interest Date Original Amount Issue Issue Purpose for which Debt was Created Rate Due Amount Outstanding 12/19/02 10/24/18 Ice Arena Renovation (Series 2018)* 3.20% 10/24/19 $ 435,000 $82,000 TOTAL $82,000 ______* Manuscript debt purchased by the Greene County Treasurer
Outstanding Other Revenue Bonds
Remaining Interest Final Date of Amount of Interest Payment Bond Amount Issue Purpose Original Issue Rate Dates Maturity Outstanding 09/23/09 Greene Town Center Improvements $6,260,000 8.00% J1-D1 2034 $5,250,000 TOTAL $5,250,000
75 DEBT TABLE C(1)
SUMMARY OF DEBT SERVICE DUE ON OUTSTANDING COUNTY OBLIGATIONS BY PRINCIPAL AS OF SEPTEMBER 1, 2019
GENERAL GENERAL SPECIAL OTHER % OF YEAR OBLIGATION OWDA OPWC OBLIGATION REVENUE ASSESSMENT REVENUE PRINCIPAL ENDING BANs* LOANS** LOANS*** BONDS BONDS BONDS BONDS TOTAL REMAINING 12/31/19 $14,800.00 $ 0.00 $ 0.00 $ 8,680,000.00 $ 1,690,000.00 $ 256,341.00 $ 175,000.00 $ 10,816,141.00 92.757% 12/31/20 15,600.00 3,622,364.13 23,529.63 9,240,000.00 1,385,000.00 279,255.00 185,000.00 14,750,748.76 82.880% 12/31/21 16,400.00 3,731,850.10 23,529.62 8,295,000.00 1,870,000.00 275,379.00 200,000.00 14,412,158.72 73.230% 12/31/22 17,200.00 3,844,645.26 23,529.63 7,120,000.00 1,360,000.00 281,536.00 220,000.00 12,866,910.89 64.614% 12/31/23 18,000.00 3,960,849.65 23,529.64 7,745,000.00 1,175,000.00 282,530.00 235,000.00 13,439,909.29 55.615% 12/31/24 0.00 4,080,566.35 23,529.63 7,825,000.00 1,490,000.00 255,060.00 255,000.00 13,929,155.98 46.288% 12/31/25 0.00 3,993,149.82 23,529.62 9,175,000.00 780,000.00 256,127.00 275,000.00 14,502,806.44 36.576% 12/31/26 0.00 3,691,371.29 23,529.63 3,250,000.00 1,540,000.00 187,234.00 295,000.00 8,987,134.92 30.559% 12/31/27 0.00 3,591,256.01 23,529.63 3,400,000.00 1,560,000.00 188,380.00 320,000.00 9,083,165.64 24.476% 12/31/28 0.00 3,699,801.74 23,529.63 3,525,000.00 50,000.00 193,570.00 345,000.00 7,836,901.37 19.229% 12/31/29 0.00 3,277,731.77 23,529.63 2,355,000.00 50,000.00 144,803.00 375,000.00 6,226,064.40 15.060% 12/31/30 0.00 3,069,556.26 23,529.63 2,090,000.00 50,000.00 146,081.00 405,000.00 5,784,166.89 11.187% 12/31/31 0.00 1,760,750.62 23,529.63 2,530,000.00 0.00 77,407.00 435,000.00 4,826,687.25 7.955% 12/31/32 0.00 0.00 23,529.62 2,085,000.00 0.00 78,780.00 470,000.00 2,657,309.62 6.175% 12/31/33 0.00 0.00 23,529.62 1,070,000.00 0.00 85,205.00 510,000.00 1,688,734.62 5.045% 12/31/34 0.00 0.00 23,529.63 1,110,000.00 0.00 86,682.00 550,000.00 1,770,211.63 3.859% 12/31/35 0.00 0.00 23,529.64 1,150,000.00 0.00 93,213.00 0.00 1,266,742.64 3.011% 12/31/36 0.00 0.00 23,529.62 1,200,000.00 0.00 94,800.00 0.00 1,318,329.62 2.128% 12/31/37 0.00 0.00 23,529.63 1,245,000.00 0.00 73,013.00 0.00 1,341,542.63 1.230% 12/31/38 0.00 0.00 23,529.63 780,000.00 0.00 45,000.00 0.00 848,529.63 0.662% 12/31/39 0.00 0.00 23,529.63 820,000.00 0.00 0.00 0.00 843,529.63 0.097% 12/31/40 0.00 0.00 23,529.62 0.00 0.00 0.00 0.00 23,529.62 0.081% 12/31/41 0.00 0.00 23,529.64 0.00 0.00 0.00 0.00 23,529.64 0.065% 12/31/42 0.00 0.00 23,529.63 0.00 0.00 0.00 0.00 23,529.63 0.050% 12/31/43 0.00 0.00 23,529.62 0.00 0.00 0.00 0.00 23,529.62 0.034% 12/31/44 0.00 0.00 16,296.30 0.00 0.00 0.00 0.00 16,296.30 0.023% 12/31/45 0.00 0.00 16,296.30 0.00 0.00 0.00 0.00 16,296.30 0.012% 12/31/46 0.00 0.00 16,296.30 0.00 0.00 0.00 0.00 16,296.30 0.001% 12/31/47 0.00 0.00 1,649.58 0.00 0.00 0.00 0.00 1,649.58 0.000% TOTALS $82,000.00 $42,323,893.00 $615,249.56 $84,690,000.00 $13,000,000.00 $3,380,396.00 $5,250,000.00 $149,341,538.56
[NOTES TO THE SUMMARY OF DEBT SERVICE BY PRINCIPAL APPEAR ON THE FOLLOWING PAGE]
76 [NOTES TO THE SUMMARY OF DEBT SERVICE BY PRINCIPAL]
______*DEBT SERVICE ON THE BOND ANTICIPATION NOTES IS COMPUTED AS IF THE BOND ANTICIPATION NOTES WERE CONVERTED TO BONDS ISSUED JUNE 1, 2019, FIRST INTEREST DECEMBER 1, 2019, FIRST MATURITY DECEMBER 1, 2019, LAST MATURITY DECEMBER 1, 2023, BASED ON LEVEL DEBT SERVICE AND A 5.00% COUPON.
** DEBT SERVICE ON THE OWDA LOANS IS COMPUTED AS IF THE DEBT SERVICE WAS PAID IN LEVEL PAYMENTS ON JULY 1 OF EACH YEAR BASED ON THE REMAINING OUTSTANDING PRINCIPAL AS OF AUGUST 6, 2019 FOR EACH INDIVIDUAL LOAN.
*** THE OPWC DEBT SERVICE REPRESENTS LINES OF CREDIT. AMORTIZATION OF THESE LINES (AND DEBT TABLE C) IS BASED ON THE ASSUMPTION THAT ALL OF THE PRINCIPAL HAS BEEN DRAWN ON. HOWEVER, NOT ALL OF THE LINES OF CREDIT HAVE BEEN ORIGINATED. DEBT TABLE B NOTES THE PRINCIPAL AMOUNT THAT HAS BEEN ORIGINATED TO DATE. WHEN CONSTRUCTION IS COMPLETE, THE DEBT SERVICE SCHEDULE WILL BE ADJUSTED TO REFLECT ACTUAL PRINCIPAL ORIGINATED (GIVING CREDIT FOR PRIOR OVERPAYMENT OR UNDERPAYMENT).
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77 DEBT TABLE C(2)
SUMMARY OF DEBT SERVICE DUE ON OUTSTANDING COUNTY OBLIGATIONS BY TOTAL DEBT SERVICE AS OF SEPTEMBER 1, 2019
GENERAL GENERAL SPECIAL OTHER % OF YEAR OBLIGATION OWDA OPWC OBLIGATION REVENUE ASSESSMENT REVENUE PRINCIPAL ENDING BANs* LOANS** LOANS*** BONDS BONDS BONDS BONDS TOTAL REMAINING 12/31/19 $16,850.00 $ 0.00 $ 0.00 $10,021,675.38 $1,990,248.75 $ 323,926.49 $ 385,000.00 $ 12,737,700.62 93.037% 12/31/20 18,960.00 4,865,115.44 23,529.63 11,728,000.76 1,907,747.50 404,147.30 591,000.00 19,538,500.63 82.356% 12/31/21 18,980.00 4,865,115.43 23,529.62 10,536,455.76 2,323,772.50 389,558.58 591,200.00 18,748,611.89 72.107% 12/31/22 18,960.00 4,865,115.43 23,529.63 9,126,218.76 1,724,860.00 384,523.92 595,200.00 16,738,407.74 62.957% 12/31/23 18,900.00 4,865,115.41 23,529.64 9,538,290.76 1,481,040.00 374,008.60 592,600.00 16,893,484.41 53.722% 12/31/24 0.00 4,865,115.44 23,529.63 9,375,252.76 1,743,860.00 335,080.26 593,800.00 16,936,638.09 44.463% 12/31/25 0.00 4,654,363.80 23,529.62 10,471,886.00 966,200.00 325,932.35 593,400.00 17,035,311.77 35.151% 12/31/26 0.00 4,235,053.58 23,529.63 4,229,777.50 1,689,325.00 246,785.25 591,400.00 11,015,870.96 29.129% 12/31/27 0.00 4,026,494.99 23,529.63 4,266,215.00 1,638,175.00 239,974.00 592,800.00 10,787,188.62 23.232% 12/31/28 0.00 4,026,495.00 23,529.63 4,270,540.00 56,000.00 237,164.62 592,200.00 9,205,929.25 18.200% 12/31/29 0.00 3,496,572.94 23,529.63 2,972,040.00 54,000.00 180,264.56 594,600.00 7,321,007.13 14.198% 12/31/30 0.00 3,191,615.16 23,529.63 2,636,265.00 52,000.00 175,864.20 594,600.00 6,673,873.99 10.549% 12/31/31 0.00 1,790,032.19 23,529.63 3,016,877.50 0.00 101,464.90 592,200.00 5,524,104.22 7.529% 12/31/32 0.00 0.00 23,529.62 2,469,600.00 0.00 99,863.91 592,400.00 3,185,393.53 5.788% 12/31/33 0.00 0.00 23,529.62 1,368,362.50 0.00 103,264.47 594,800.00 2,089,956.59 4.646% 12/31/34 0.00 0.00 23,529.63 1,368,000.00 0.00 101,464.69 594,000.00 2,086,994.32 3.505% 12/31/35 0.00 0.00 23,529.64 1,366,012.50 0.00 104,664.64 0.00 1,494,206.78 2.688% 12/31/36 0.00 0.00 23,529.62 1,371,237.50 0.00 102,664.39 0.00 1,497,431.51 1.869% 12/31/37 0.00 0.00 23,529.63 1,368,537.50 0.00 77,231.84 0.00 1,469,298.97 1.066% 12/31/38 0.00 0.00 23,529.63 854,000.00 0.00 46,800.00 0.00 924,329.63 0.561% 12/31/39 0.00 0.00 23,529.63 857,925.00 0.00 0.00 0.00 881,454.63 0.079% 12/31/40 0.00 0.00 23,529.62 0.00 0.00 0.00 0.00 23,529.62 0.066% 12/31/41 0.00 0.00 23,529.64 0.00 0.00 0.00 0.00 23,529.64 0.053% 12/31/42 0.00 0.00 23,529.63 0.00 0.00 0.00 0.00 23,529.63 0.040% 12/31/43 0.00 0.00 23,529.62 0.00 0.00 0.00 0.00 23,529.62 0.028% 12/31/44 0.00 0.00 16,296.30 0.00 0.00 0.00 0.00 16,296.30 0.019% 12/31/45 0.00 0.00 16,296.30 0.00 0.00 0.00 0.00 16,296.30 0.010% 12/31/46 0.00 0.00 16,296.30 0.00 0.00 0.00 0.00 16,296.30 0.001% 12/31/47 0.00 0.00 1,649.58 0.00 0.00 0.00 0.00 1,649.58 0.000% TOTALS $92,650.00 $49,746,204.81 $615,249.56 $103,213,170.18 $15,627,228.75 $4,354,648.97 $9,281,200.00 $182,930,352.27
[NOTES TO THE SUMMARY OF DEBT SERVICE BY TOTAL DEBT SERVICE APPEAR ON THE FOLLOWING PAGE]
78 [NOTES TO THE SUMMARY OF DEBT SERVICE BY TOTAL DEBT SERVICE]
______*DEBT SERVICE ON THE BOND ANTICIPATION NOTES IS COMPUTED AS IF THE BOND ANTICIPATION NOTES WERE CONVERTED TO BONDS ISSUED JUNE 1, 2019, FIRST INTEREST DECEMBER 1, 2019, FIRST MATURITY DECEMBER 1, 2019, LAST MATURITY DECEMBER 1, 2023, BASED ON LEVEL DEBT SERVICE AND A 5.00% COUPON.
** DEBT SERVICE ON THE OWDA LOANS IS COMPUTED AS IF THE DEBT SERVICE WAS PAID IN LEVEL PAYMENTS ON JULY 1 OF EACH YEAR BASED ON THE REMAINING OUTSTANDING PRINCIPAL AS OF AUGUST 6, 2019 FOR EACH INDIVIDUAL LOAN.
** THE OPWC DEBT SERVICE REPRESENTS LINES OF CREDIT. AMORTIZATION OF THESE LINES (AND DEBT TABLE C) IS BASED ON THE ASSUMPTION THAT ALL OF THE PRINCIPAL HAS BEEN DRAWN ON. HOWEVER, NOT ALL OF THE LINES OF CREDIT HAVE BEEN ORIGINATED. DEBT TABLE B NOTES THE PRINCIPAL AMOUNT THAT HAS BEEN ORIGINATED TO DATE. WHEN CONSTRUCTION IS COMPLETE, THE DEBT SERVICE SCHEDULE WILL BE ADJUSTED TO REFLECT ACTUAL PRINCIPAL ORIGINATED (GIVING CREDIT FOR PRIOR OVERPAYMENT OR UNDERPAYMENT).
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79 Grant Anticipation Obligations
The County currently has no outstanding grant anticipation obligations.
Other Obligations
The Greene County Port Authority issued its Adult Service Facility Revenue Bonds, Series 2009 (Greene, Inc. Project) in the amount of $6,195,000 (the “Port Authority Bonds”) which has a current outstanding balance of $5,000,000. While the Port Authority Bonds are special obligations of the Greene County Port Authority and do not constitute general obligations of the Port Authority or the County, and neither entity is obligated to levy a tax or make any appropriation from moneys raised by taxation to pay debt service on the Port Authority Bonds, to the extent lease payments from the County’s Department of Developmental Disabilities are insufficient to fund debt service on the Port Authority Bonds, the County is required under Chapter 5126 of the Ohio Revised Code to provide the funds necessary for the programs and services of the Department of Developmental Disabilities, either through the imposition of a special tax levy (subject to approval by the voters) or from appropriations from the General Fund of the County.
Leases and Contracts
The County has entered into various contracts and leases for the rental of property and office space throughout the County. The following data represents the approximate rental liabilities involved as of December 31 for the years indicated.
Operating Capital Total Year Lease Payment Lease Payment Lease Payment 2014 $667,278 -0- $667,278 2015 638,278 -0- 638,278 2016 666,901 49,880 716,781 2017 662,750 49,880 712,630 2018 687,813 49,990 737,803 ______Source: Greene County Auditor.
Future Financings
Please refer to “Major Initiatives” on page 6 of Exhibit A hereto for recent and prospective capital undertakings of the County. Otherwise, the County currently has no plans for future financings within the next year other than routine capital expenditures in the normal course of business.
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80 EMPLOYER’S CONTRIBUTION TO PUBLIC EMPLOYEES RETIREMENT SYSTEM
All full-time County employees are covered by the Ohio Public Employees Retirement System (OPERS). This system includes both employee and employer payments. The County’s contributions are current and fully met as required by law. Annual contributions include provision for reserves to properly fund pension and other benefits payable on account for creditable service. The system is annually evaluated by nationally recognized actuarial consultants.
Eligible County employees contribute 10.00% of their annual compensation, while the County contributes 14.00%. For law enforcement officers in the County Sheriff’s Department, the rate is higher: the County contributes 17.87% and the officers contribute 11.1% of their annual compensation. In 2018, the County paid $7,652,060 to the OPERS.
The County’s annual contribution is treated as a current expense and is included in its operating expenditures.
OPERS is not presently subject to the funding and vesting requirements of the Employees Retirement Income Security Act of 1974. From time to time the Internal Revenue Service reviews that Act to determine whether pension funds for public bodies must meet certain provisions of that Act.
LEGAL MATTERS
Litigation
The County is a party to various legal proceedings seeking damages or injunctive relief and generally incidental to its operations but unrelated to any outstanding County debt or the security therefor. The ultimate disposition of these proceedings is not presently determinable but will not, in the opinion of the County Prosecuting Attorney (the legal advisor to the Board of County Commissioners), have a material adverse effect on any outstanding County debt or the security therefore.
Bond Counsel
The County retains the legal services of Dinsmore & Shohl LLP, Cincinnati, Ohio (“Dinsmore & Shohl”), as Bond Counsel in connection with the issuance of the bonds, notes and certificates of indebtedness of the County.
Dinsmore & Shohl also serves and has served in a bond counsel capacity for one or more of the political subdivisions that territorially overlap the County.
81 RATINGS
The County has a rating of “Aa1” from Moody’s Investors Service for its outstanding general obligation bonds and a rating of “Aa2” for its outstanding uninsured revenue bonds. That rating reflects only the views of such rating agency. Any explanation of the significance of the rating may only be obtained from the rating agency. The County furnished to the rating agency certain information and material, some of which may not have been included in this Annual Statement, relating to the outstanding general obligation bond issues and the County. Generally, rating agencies base their ratings on such information and material and investigation, studies and assumptions by the rating agency. There can be no assurance that a rating when assigned will continue for any given period of time or that it will not be lowered or withdrawn entirely by the rating agency if in its judgment circumstances so warrant. Any such downward change in or withdrawal of a rating may have an adverse effect on the marketability and/or market price of the County’s outstanding obligations.
The following table summarizes the initial and current ratings of the respective bond insurers for all outstanding insured general obligation and revenue bonds. As a general matter, the rating on a series of bonds is the higher of the insured rating or the County’s underlying ratings for the related general obligation bond (“Aa1”) or revenue bond (“Aa2”). At the present time, the County’s underlying ratings are higher than the rating on all of its insured bonds.
Current Type of Original Issue Amount Insurer Rating at Insurer Date of Issue Bond Amount Outstanding Insurer Date of Issue Rating General 01/25/07 Obligation $9,610,000 $7,320,000 Ambac Moody’s Aa3 Not rated General 09/06/07 Obligation 6,000,000 800,000 Ambac Moody’s Aa3 Not rated 03/22/07 Revenue 7,285,000 3,230,000 MBIA Moody’s Aaa A3 03/22/07 Revenue 4,875,000 3,600,000 Ambac Moody’s Aaa Not rated 08/09/07 Revenue 4,455,000 655,000 Ambac Moody’s Aaa Not rated 04/22/10 Revenue 6,695,000 6,380,000 Assured Moody’s Aa3 Not rated
The County presently expects to furnish such rating agency with information and material that it may request on future general obligation bond issues. However, the County assumes no obligation to furnish requested information and material, and may issue debt for which a rating is not requested. Failure to furnish requested information and material, or the issuance of debt for which a rating is not requested, may result in the suspension or withdrawal of the rating agency’s ratings on outstanding general obligation bonds.
CONTINUING DISCLOSURE
The County plans to meet all of the continuing disclosure requirements to be in compliance with Securities and Exchange Commission Rule 15c2-12, as amended (the “Rule”). The County enters into a separate Continuing Disclosure Agreement or Certificate for each transaction which is subject to the provisions of the Rule. Currently most annual financial information will be available within nine months of the end of the fiscal year under the terms of those agreements. See the Official Statement circulated for a specific issue for the exact continuing disclosure covenants of each issue.
82 CONCLUDING STATEMENT
To the extent that any statements made in this Annual Statement involve matters of opinion or estimates, whether or not expressly stated these statements are made as such and not as representations of fact or certainty. No representation is made that any predictions contained in these statements will be realized. Information herein has been derived by the County from official and other sources and is believed by the County to be reliable, but such information other than that obtained from official records of the County has not been independently confirmed or verified by the County and its accuracy is not guaranteed.
This Annual Statement has been prepared by Greene County under the direction of the Greene County Board of Commissioners with the assistance of the Greene County Auditor.
COUNTY OF GREENE, OHIO
By: /s/ Bob Glaser County Commissioner
By: /s/ Tom Koogler County Commissioner
By: /s/ Dick Gould County Commissioner
By: /s/ David A. Graham County Auditor
Dated: September 1, 2019
83 APPENDIX A-1 UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018
NOTICE OF STATUS OF ANNUAL AUDITED FINANCIAL STATEMENTS
The audited financial statements of the County for the year ended December 31, 2018 are not anticipated to be released by the Ohio State Auditor prior to the County’s annual continuing disclosure filing date on September 1, 2019.
The unaudited financial statements for the year ending December 31, 2018 are available at this time and such unaudited financial statements are attached hereto.
The audited financial statements will be filed within a reasonable time period after they are released by the Ohio State Auditor. Audited financial statements, when released, can be found at the website of the Ohio State Auditor at:
https://ohioauditor.gov/auditsearch/Search.aspx
Note: The reference to this website is for the purpose of accessing the audited financials of the County only; the County does not make any representation as to the accuracy of the information appearing on such website. The County does not undertake any obligation to maintain or update such website or such information contained on such website.
[SEE ATTACHED]
COMPREHENSIVE ANNUAL FINANCIAL REPORT
GREENE COUNTYOhio
— Year Ending December 31, 2018 — INTRODUCTORY SECTION
Backside of Section Divider GREENE COUNTY, OHIO
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED DECEMBER 31, 2018
Prepared by
The Greene County Auditor
David A. Graham
1 GREENE COUNTY, OHIO COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2018 TABLE OF CONTENTS
INTRODUCTORY SECTION PAGE Title Page ...... 1 Table of Contents ...... 2 Letter of Transmittal ...... 4 Elected Officials ...... 8 Greene County Organizational Chart ...... 9 Greene County Auditor’s Office Organizational Chart ...... 10 Certificate of Achievement for Excellence in Financial Reporting ...... 11
FINANCIAL SECTION Independent Auditors’ Report ...... 12 Management’s Discussion and Analysis ...... 14 Basic Financial Statements: Government-wide Statement of Net Position ...... 22 Government-wide Statement of Activities ...... 23 Fund Financial Statements: Balance Sheet - Governmental Funds ...... 24 Reconciliation of the Total Governmental Fund Balances to Net Position Of Governmental Activities ...... 25 Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds ...... 26 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities ...... 27 Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget (Non-GAAP Basis) and Actual - General Fund ...... 28 Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget (Non-GAAP Basis) and Actual – Motor Vehicle, Road and Bridge ...... 29 Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget (Non-GAAP Basis) and Actual – Department of Job and Family Services ...... 30 Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget (Non-GAAP Basis) and Actual – Children Services ...... 31 Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget (Non-GAAP Basis) and Actual – Board of Developmental Disabilities ...... 32 Statement of Net Position - Proprietary Funds ...... 33 Statement of Revenues, Expenses, and Changes in Fund Net Position - Proprietary Funds ...... 34 Statement of Cash Flows - Proprietary Funds ...... 35 Statement of Fiduciary Asset and Liabilities ...... 36 Notes to the Basic Financial Statements ...... 37 Required Supplementary Information: Condition Assessments of the County’s Infrastructure Reported Using the Modified Approach ...... 76 Schedule of the County’s Proportionate Share of the Net Pension Liability Ohio Public Employees Retirement System – Traditional Pension Plan – Last Five Years ...... 78 Schedule of the County Contributions Ohio Public Employees Retirement System – Traditional Pension Plan – Last Six Years ...... 79 Schedule of the County’s Proportionate Share of the Net OPEB Liability Ohio Public Employees Retirement System – Last Two Years ...... 80 Schedule of the County OPEB Contributions Ohio Public Employees Retirement System – Last Three Years ...... 81 Combining and Individual Fund Statements and Schedules: Combining Balance Sheets: Combining Balance Sheet - Non-major Governmental Funds by Fund Type ...... 85 Combining Balance Sheet - Non-major Special Revenue Funds ...... 86 Combining Balance Sheet - Non-major Debt Service Funds ...... 92
2 GREENE COUNTY, OHIO COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2018 TABLE OF CONTENTS (Continued)
FINANCIAL SECTION - Continued PAGE Combining Statement of Revenues, Expenditures, and Changes in Fund Balances: Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-major Governmental Funds by Fund Type ...... 93 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-major Special Revenue Funds…………………………………………………………. 94 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Non-major Debt Service Funds ...... 100 Schedules of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual: General Fund ...... 101 Special Revenue Funds ...... 107 Debt Service Funds ...... 137 Capital Project Fund ...... 140 Permanent Fund ...... 141 Enterprise Funds ...... 142 Internal Service Fund ...... 144 Combining Schedule of Changes in Assets and Liabilities – All Agency Funds ...... 145 Capital Assets Used in the Operation of Governmental Funds: Comparative Schedules by Source ...... 146 Schedule by Function and Activity ...... 147 Schedule of Changes by Function and Activity ...... 148
STATISTICAL SECTION Statistical Section - Table of Contents ...... 149 Table 1: Net Position by Component - Last Ten Fiscal Years ...... 150 Table 2: Fund Balances, Governmental Funds - Last Ten Fiscal Years ...... 152 Table 3: Changes in Net Position - Last Ten Fiscal Years ...... 154 Table 4: Changes in Fund Balances, Governmental Funds - Last Ten Fiscal Years ...... 156 Table 5: Tax Revenues by Source, Governmental Funds - Last Ten Fiscal Years ...... 158 Table 6: Real and Personal Property Tax Revenues by Program - Last Ten Fiscal Years ...... 159 Table 7: Assessed and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years ...... 160 Table 8: Property Tax Levies and Collections - Real, Utility and Tangible Taxes - Last Ten Fiscal Years ...... 161 Table 9: Property Tax Rates - Direct and Overlapping Governments - Last Ten Fiscal Years ..... 162 Table 10: Principal Property Tax Payers - Current Year and Nine Years Ago ...... 163 Table 11: Water and Sewer Rates - Last Ten Fiscal Years ...... 163 Table 12: Ratios of Net General Bonded Debt Outstanding by Type - Last Ten Fiscal Years ...... 164 Table 13: Legal Debt Margin Information - Last Ten Fiscal Years ...... 166 Table 14: Pledged Revenue Coverage - Revenue Bonds - Last Ten Fiscal Years ...... 168 Table 15: Pledged Revenue Coverage - Special Assessment Bonds - Last Ten Fiscal Years ...... 169 Table 16: Demographic and Economic Statistics - Last Ten Calendar Years ...... 170 Table 17: Principal Employers - Current Year and Nine Years Ago ...... 171 Table 18: Full Time County Government Employees by Function - Last Ten Fiscal Years ...... 172 Table 19: Salaries of Principal Officials - Last Ten Fiscal Years ...... 173 Table 20: Surety Bond Coverage - Various Elected Officials - Last Ten Fiscal Years ...... 173 Table 21: Operating Indicators by Function - Last Ten Fiscal Years ...... 174 Table 22: Capital Asset Statistics by Function - Last Ten Fiscal Years ...... 176
3 DAVID A. GRAHAM Main Office 937-562-5065 Greene County Auditor Homestead Info 562-5039 69 Greene Street Real Estate 562-5072/5073 Room 200 Accounting/Payroll 562-5076 Xenia, Ohio 45385 Manufactured Home 562-5074 (937) 562-5065 (937) 426-1779 ext.5065 Fax (937) 562-5079
June 17, 2019
Honorable Thomas Koogler, Commissioner Honorable Robert J. Glaser, Jr., Commissioner Honorable Richard D. Gould, CPA, Commissioner Citizens of Greene County,
This is Greene County’s Comprehensive Annual Financial Report (CAFR) for the fiscal year ending December 31, 2018. The CAFR conforms to Generally Accepted Accounting Principles (GAAP) as applicable to governmental entities. This report provides the taxpayers of Greene County with comprehensive financial data in a format that enables them to gain a thorough understanding of the County’s financial status. It assists County officials in management decisions and allows financial statement users and the general public to compare Greene County’s financial position and its results of operations with those of similar governmental entities.
Responsibility for both the accuracy of the data, and the completeness and fairness of this report, including all disclosures, rests with the Greene County Auditor’s Office. The enclosed data are accurate in all material respects and are reported in a manner that presents fairly the financial position and results of operations of the various departments of Greene County. All disclosures necessary to enable the reader to gain an understanding of Greene County’s activities have been included.
The County’s day-to-day accounting records are maintained on a basis other than Generally Accepted Accounting Principles (GAAP). For financial reporting purposes, the accounting records for all Governmental Funds are converted to the modified accrual basis; whereby, revenues are recognized when measurable and available, and expenditures are recognized in the period in which the fund liability is incurred. Then, the accounting records of the Governmental Funds, along with those for the Enterprise and Fiduciary Funds, are converted to the full accrual basis; whereby, revenues are recognized when earned, and expenses are recognized in the period incurred. The full accrual information is presented on the Statement of Net Position and the Statement of Activities. A further explanation of the three basis of accounting (non-GAAP, modified accrual and accrual) and a reconciliation of the non-GAAP basis to GAAP basis of accounting may be found in Notes A and K, respectively, of the Notes to the Basic Financial Statements.
The County’s day-to-day accounting system in the Auditor’s office helps provide for the adequacy of internal accounting controls. The County’s system of internal accounting controls is designed to provide reasonable, but not absolute, assurance regarding the safeguarding of assets against loss from unauthorized use or disposition and the reliability of financial records for preparing financial statements and maintaining accountability for assets. The concept of reasonable assurance is based on the assumption that the cost of internal accounting controls should not exceed the benefits expected to be derived.
The County Auditor’s office utilizes a fully automated accounting system as well as automated systems of control for capital assets and payroll. These systems, coupled with the manual auditing of each voucher prior to payment by the Accounting Department of the Auditor’s Office, ensure that the financial information generated is both accurate and reliable.
4 Included in this report are the unmodified opinions rendered on the County’s basic financial statements for the year ended December 31, 2018. An annual, independent audit of the County’s financial statements is part of the annual preparation of a CAFR. This annual, independent audit will be continually reviewed and commented on, thereby strengthening the County’s accounting and budgetary controls.
The purpose of this letter of transmittal is to provide an overview of the County and its operations. For detailed financial information and analysis, the Management’s Discussion and Analysis can be found on page 14 of the financial section of this report.
PROFILE OF THE GOVERNMENT
Greene County was formed by an action of the Ohio General Assembly in 1803 and was named for Revolutionary War hero, General Nathaniel Greene. Greene County is the sixteenth largest county in Ohio with a total area of 421 square miles. The County is divided into twelve townships and has seven cities and six villages within its boundaries.
The County has only those powers, and powers incidental thereto, conferred upon it by Ohio statutes. A three-member Board of County Commissioners (The Board) is elected at large. The Board’s three members are elected to four-year terms. The Board serves as the taxing authority, the contracting body, and the chief administrator of public services for the County. The Board adopts the annual operating budget and makes the annual appropriation measure for expenditure of all county monies. The Board appoints a County Administrator, who directs and supervises activities of those departments directly under the oversight of the Board. The Administrator acts for the Commissioners’ as the principal liaison to other county officials, boards and other political subdivisions.
The County Auditor is the fiscal officer for the County and the property tax assessor for all political subdivisions within the County. The Auditor conducts a complete reappraisal every six years, with a three-year update, of all real property within the County. As chief fiscal officer, no county contract may be made without the Auditor’s certification that funds are available or will be available for payment of the contract. The Auditor is responsible for maintaining records of all financial matters and issuing warrants for payment on all liabilities incurred by the County. The Auditor, after balancing tax collections with the County Treasurer, distributes all tax revenue to the appropriate political subdivision according to the tax rates of each subdivision.
The County Treasurer is the custodian of all county funds and is responsible for the collection of all property tax monies. The Treasurer is also responsible for the investment of county funds as specified by Ohio law. The Treasurer must make daily reports to the County Auditor showing the County’s receipts, expenditures, and cash balances. These records are balanced with those of the County Auditor.
Other elected officials serving four-year terms include the Prosecuting Attorney, Sheriff, Coroner, Engineer, Recorder, and Clerk of Courts. The Common Pleas Court Judges, the Domestic Relations Court Judge, the Probate Court Judge, and the Juvenile Court Judge are all elected to six-year terms. The County is served by the Second District Court of Appeals headquartered in Dayton, Ohio.
ECONOMIC CONDITION AND OUTLOOK
The County has continued its post-recession growth. Unemployment has decreased from a high of 10.6% in 2009 to 3.6% in 2018. Greene County continues to grow. Over the past ten years its population has grown by 4% and its per capita income has grown 17%.
Wright Patterson Air Force Base, the largest single site employer in the state, has been a stabilizing factor not just for the County, but also for the entire region over the past several years. Its impact will only grow as operations are consolidated there. The County has positioned itself to benefit from economic growth by having retail, industrial, residential and office space that is available to companies looking to expand or to new business ventures looking to get started.
While development in the western portion of the County continues to bring commercial and residential growth, the eastern portion of the County has maintained its agricultural roots. The County consists of nearly 244,000 acres of which 176,000 remain agricultural. This provides Greene County with diversity that cannot be seen in many counties in Ohio.
5 Greene County is rich in quality institutions of higher learning. Few counties in Ohio offer its citizens the educational opportunities that Greene County affords its citizens. Sinclair Community College, Clark State, Wright State University, Cedarville University, Central State University, Wilberforce University, Antioch College, the Greene County Career Center and Park College located on the grounds of Wright Patterson Air Force Base all provide the citizens with the opportunity to improve themselves through higher education. In addition, WPAFB is home to the Air Force Institute of Technology, the Air Forces’ graduate school for engineering and management.
Wright-Patterson Air Force Base (WPAFB) is one of the largest, most diverse and organizationally complex Air Force installations in the world. Past, present and future are inextricably linked here, from the pioneering flights of the Wright brothers to the development of today’s most advanced aircraft and aerial systems. Missions for the base’s more than 60 units vary from acquisition and logistics management, to research and development, advanced education, flight operations, and a vast array of other activities. WPAFB is by far the largest employer in the County. WPAFB’s demand for technical skills has helped support the colleges and universities in Greene County. WPAFB employs more than 27,000 military and civilian workers, but has also spurred local contractors working in high tech fields that help support development projects at the Air Force base.
Maintaining the County’s small town roots, many local communities have festivals, such as the Sweet Corn Festival in Fairborn, the Community Festival in Xenia, Popcorn Festival in Beavercreek, Sugar Maple Festival in Bellbrook, Potato Festival in Spring Valley, Bean Festival in Jamestown, Old Clifton Days in Clifton and Cedarfest in Cedarville. Tourist attractions include the National Museum of the United State Air Force, the oldest and largest military aviation museum in the world and the National Afro-American Museum in Wilberforce. Construction continues on the County’s system of bicycle paths which have become part of a larger network, not only connecting throughout the County, but also throughout the region. The Nutter Center at Wright State University offers the top names in music entertainment and NCAA Division I basketball. The County has several outdoor facilities such as John Bryan State Park in Yellow Springs, Sugarcreek Reserve in Bellbrook and the Clifton Gorge State Nature Preserve in Clifton.
Greene County continues to foster strong government-business relationships. Quality commercial, residential and educational opportunities will continue to attract individuals and businesses to Greene County in the future.
RELEVANT FINANCIAL POLICIES
The County maintains a budget stabilization reserve within its general fund of $5.25 million, the maximum allowed under state statute. The County policy is to attempt to maintain a carryover balance in the general fund of 10% of the prior year expenditures, which provides sufficient resources until the property tax settlement is received.
In order to ensure the vehicle and computer needs of the County are funded on a continuing basis, the County sets aside money to replace all vehicles and computer equipment based on a schedule which takes into consideration the equipments age and condition.
MAJOR INITIATIVES
The County continues to closely monitor the budget. Starting in 2015, the County began taking steps to replace HVAC systems throughout the County. This project is expected to take several years and cost up to $6 million. Due to the County’s cash position in the general fund, this project is intended to be paid with existing funds. The final phase of this project will be completed in 2019.
The County continues to invest in its infrastructure including high-speed wiring of all county buildings. Additionally, the County is in the early stages of planning to construct a new adult detention facility to replace its existing 1960’s jail. The facility will expand the existing facility and will include facilities for drug treatment. The preliminary plan is to increase the sales tax rate to fund this new facility.
The County has invested in a number of projects to encourage smart development in specific areas including a major investment in water and sewer lines and a road interchange along US 35, a four lane highway running east and west through the county. Many of these investments have been made directly from the County’s general fund.
6 During 2018, the County created a grant project for township’s and municipalities located within the County to encourage investment in their infrastructure or that encourage economic development. The County committed $500,000 to this project in 2018.
The County, by law, is entitled to 2.5 mills of property tax millage for its general operations. For 2018, the County requested only 2.0 mills be levied on the property tax payers of the County. The health of the County’s general fund has allowed the County to invest in its infrastructure, assist smaller political subdivisions and provide tax relief to its citizens.
GFOA CERTIFICATE OF ACHIEVEMENT
The GFOA awarded a Certificate of Achievement for Excellence in Financial Reporting to Greene County for its CAFR for the fiscal year ended December 31, 2017. The Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government financial reports. In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized CAFR, whose contents conform to program standards. As such the CAFR must satisfy both GAAP and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. Greene County has received a Certificate of Achievement for the last thirty-two consecutive years (fiscal years ended 1986 - 2017). We believe our current report continues to conform to the Certificate of Achievement program requirements, and we are submitting it to GFOA.
ACKNOWLEDGMENTS
This report was made possible through the efforts of the employees and elected officials of Greene County.
Sincerely,
David A. Graham Greene County Auditor
7 GREENE COUNTY, OHIO ELECTED OFFICIALS AS OF DECEMBER 31, 2018
County Elected Officials: Robert J. Glaser, Jr...... Commission President
Alan G. Anderson ...... Commissioner
Thomas R. Koogler ...... Commissioner
David A. Graham ...... Auditor
Richard D. Gould, CPA ...... Treasurer
Stephen K. Haller ...... Prosecutor
Andrew J. Williams ...... Clerk of Courts
Kevin L. Sharrett ...... Coroner
Gene C. Fischer ...... Sheriff
Eric C. Sears ...... Recorder
Robert N. Geyer ...... Engineer
Common Pleas Court Judges:
General Division Hon. Michael A. Buckwalter ...... Judge
General Division Hon. Stephen A. Wolaver ...... Administrative Judge
Domestic Relations Division Hon. Steven L. Hurley...... Judge
Probate Division Hon. Thomas M. O’Diam ...... Judge
Juvenile Division Hon. Adolfo A. Tornichio ...... Judge
8 GREENE COUNTY ORGANIZATIONAL CHART
ELECTORATE
County Common Pleas Prosecuting Auditor Treasurer Recorder Engineer Sheriff Coroner Clerk of Courts Commissioners Court Attorney
County Domestic General Division Administrator Relations Division
Animal Control Sanitary Engineer Personnel Human Services Juvenile Division Probate Division Director Director Director Director
Greenewood Clerk / Fiscal Parks & Risk Management Manor Officer for Recreations Director Administrator Commissioners Director 9 Building Today Center Office of Public Regulations & Office of Finance Director Works Services
RELATED COUNTY BOARDS:
Regional Airport Airport Zoning Airport Zoning Regional Planning Human Services Building Code Budget Board of Records Library Board Authority Board Board of Appeals Commission Advisory Board Appeal Board Commission Revisions Commission
Recreations & Eastern Miami Board of Public Defender's Children's Microfilming Automatic Data Adult Day Care Private Industry WPAFB Joint Parks Advisory Valley ADAMHS Developmental Commission Services Board Board Processing Board Advisory Board Council Zoning Appeals Board Board Disabilities
Commission on Greene University Student Children's Trust Animal Claim Youth Services Metropolitan & Community Advisory Board Advisory Board Advisory Board Housing Board Relations GREENE COUNTY AUDITOR'S OFFICE ORGANIZATIONAL CHART
Auditor
Weights & Measures Real Estate Administrative Section Information Technology Personal Property Accounting
CAUV Licenses Data Processing Mobile Home Tax Payroll 10
Geographic Information Tax Maps Pay-ins Delinquent Taxes Warrants & Vouchers System
Appraisals Budgets Homestead Financial Data
Transfers Revenue Distribution Financial Reporting
11 FINANCIAL SECTION
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13 GREENE COUNTY, OHIO MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED) FOR THE YEAR ENDED DECEMBER 31, 2018
As management of Greene County (the County), we offer readers of the County’s financial statement this narrative overview and analysis of the financial activities of the County for the year ended December 31, 2018. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal, which can be found on pages 4-7 of this report.
Financial Highlights • The assets and deferred outflows of the County exceeded its liabilities and deferred inflows at December 31, 2018, by $340,704,885. Of this amount, governmental activities have ($50,249,985) in unrestricted net position due to the 2015 implementation of Governmental Accounting Standards Board (GASB) Statement No. 68, and the 2018 implementation of GASB Statement No. 75. • The net position of the governmental activities decreased 2.1% while the business type activities increased 4.4%. • The revenue of the governmental activities decreased $1.9 million from the amounts reported in 2017. Of this, program revenues decreased $1.3 million while general revenues decreased $0.6 million from amounts reported in the prior year. During this same period, governmental activities’ expenses increased 3.3%. • In the business-type activities revenues decreased $2.1 million from the amounts reported in 2017, which was the result of a decrease in program revenues of $2.2 million while general revenues increased $0.1 million. During this time expenses increased $0.5 million or 1.9%. • As of December 31, 2018, the County’s governmental funds reported combined ending fund balances of $114.0 million, an increase of $1.0 million in comparison with the prior year. Of the ending fund balance $28.6 million is available for spending at the County’s discretion. • Revenues in the County’s governmental fund financial statements decreased $1.3 million from what they had been in the previous year, while expenditures increased $7.8 million or 6.5% of what had been expended in 2017. • The County’s outstanding debt decreased by $1.4 million or 6.7% in governmental activities and decreased $12.9 million or 9.2% in business-type activities during the current fiscal year. • In the general fund the actual revenues came in 7.4% higher than they were budgeted, and actual expenditures and other financing uses were 85.3% of the amounts budgeted.
Overview of the Financial Statements This discussion and analysis is intended to serve as an introduction to the County’s basic financial statements. The County’s basic financial statements comprise three components: 1) government-wide financial statements, 2) fund financial statements including budgetary statements for the general and major special revenue funds, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements.
Government-wide financial statements: The government-wide financial statements are designed to provide readers with a broad overview of the County’s finances, in a manner similar to a private-sector business.
The statement of net position presents information on all of the County’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources, with the difference between the four reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the County is improving or deteriorating.
The statement of activities presents information showing how the County’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some transactions that will result in cash flows in future periods (e.g., uncollected taxes and earned but unused vacation leave).
Both of the government-wide financial statements distinguish functions of the County that are principally supported by taxes and intergovernmental revenues (governmental activities) from functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the County include legislative and executive, judicial, public safety, public works, health, human services, conservation and recreation, and community and economic development. 14 GREENE COUNTY, OHIO MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED) FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)
Fund financial statements: A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The County, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the County can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds.
Governmental funds: Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on current sources and uses of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements.
Because the focus of governmental fund financial statements is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.
The County maintains thirty-six governmental funds. Information is presented separately in the Governmental Fund Balance Sheet and in the Governmental Fund Statement of Revenues, Expenditures, and Changes in Fund Balances for the General Fund, Motor Vehicle Road and Bridge, Department of Job and Family Services, Children Services, and Board of Developmental Disabilities all of which are considered to be major funds. Data from the other governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining statements elsewhere in this report.
The County adopts an annual appropriated budget for its funds. A budgetary comparison statement has been provided for the general fund and each major special revenue fund to demonstrate compliance with the budget.
Proprietary funds: The County maintains two different types of proprietary funds. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The County uses enterprise funds to account for its water and sewer operations. Internal service funds are accounting devices used to accumulate and allocate costs internally among the County’s various functions. The County uses an internal service fund to account for its self-insurance program. Because this service predominantly benefits governmental rather than business-type functions, it has been included within governmental activities in the government-wide financial statements.
Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for the water and sewer activities since both are considered to be major funds of the County. Because the internal service fund is the only remaining proprietary fund it is being presented as a separate fund even though it does not meet the criteria of a major fund established in Governmental Accounting Standards Board No. 34.
Fiduciary funds: Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statement because the resources of those funds are not available to support the County’s own programs. The accounting used for fiduciary funds is much like that used for proprietary funds.
Notes to the basic financial statements: The notes provide additional information that is essential to gain a full understanding of the data provided in the government-wide and fund financial statements.
Other information: In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information. Governmental Accounting Standards Board Statement No. 34 requires disclosure regarding infrastructure reported using the modified approach. Additionally, Governmental Accounting Standards Board Statements No. 68 and 75 requires disclosure regarding Ohio Public Employees Retirement System and the County’s proportionate share of the net pension liability and other postemployment benefits (OPEB) as well as a schedule of the County’s contributions to the system.
15 GREENE COUNTY, OHIO MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED) FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)
The combining statements referred to earlier in connection with non-major governmental funds are presented immediately following the required supplementary information on infrastructure and pension information.
Government-wide Financial Analysis
As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. In the case of the County, assets and deferred outflows exceeded liabilities and deferred inflows by $340,704,885 as of December 31, 2018. Greene County's Net Position (Expressed is Thousands of Dollars)
Government Activities Business-type Activities Total 2017 2017 2017 2018 (Restated) 2018 (Restated) 2018 (Restated) Current and Other Assets$ 174,273 170,431$ 47,145$ 51,142$ 221,418$ 221,573$ Capital Assets 161,692 161,631 248,081 249,927 409,773 411,558 Total Assets 335,965 332,062 295,226 301,069 631,191 633,131
Deferred Outflows of Resources 16,403 31,205 7,362 9,305 23,765 40,510
Long-term Liabilities 112,464 137,723 134,662 149,169 247,126 286,892 Other Liabilities 7,995 8,197 1,184 2,705 9,179 10,902 Total Liabilities 120,459 145,920 135,846 151,874 256,305 297,794
Deferred Inflows of Resources 56,656 38,362 1,290 68 57,946 38,430
Net Investment in Capital Assets 152,434 151,596 128,772 124,715 281,206 276,311 Restricted 73,070 72,506 18,511 17,431 91,581 89,937 Unrestricted (50,250) (45,117) 18,168 16,286 (32,082) (28,831) Total Net Position 175,254$ 178,985$ $ 165,451 158,432$ $ 340,705 337,417$
The net pension liability (NPL) is the largest single liability for governmental activities reported by the County at December 31, 2018, and is reported pursuant to GASB Statement 68, “Accounting and Financial Reporting for Pensions—an Amendment of GASB Statement 27.” For 2018, the County adopted GASB Statement 75, “Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions,” which significantly revises accounting for costs and liabilities related to OPEB. For reasons discussed below, many end users of this financial statement will gain a clearer understanding of the County’s actual financial condition by adding deferred inflows related to pension and OPEB, the net pension liability and the net OPEB liability to the reported net position and subtracting deferred outflows related to pension and OPEB.
Governmental Accounting Standards Board standards are national and apply to all government financial reports prepared in accordance with generally accepted accounting principles. Prior accounting for pensions (GASB 27) and postemployment benefits (GASB 45) focused on a funding approach. This approach limited pension and OPEB costs to contributions annually required by law, which may or may not be sufficient to fully fund each plan’s net pension liability or net OPEB liability. GASB 68 and GASB 75 take an earnings approach to pension and OPEB accounting; however, the nature of Ohio’s statewide pension/OPEB plans and state law governing those systems requires additional explanation in order to properly understand the information presented in these statements.
GASB 68 and GASB 75 require the net pension liability and the net OPEB liability to equal the County’s proportionate share of each plan’s collective:
1. Present value of estimated future pension/OPEB benefits attributable to active and inactive employees’ past service 2 Minus plan assets available to pay these benefits
16 GREENE COUNTY, OHIO MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED) FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)
GASB notes that pension and OPEB obligations, whether funded or unfunded, are part of the “employment exchange” – that is, the employee is trading his or her labor in exchange for wages, benefits, and the promise of a future pension and other postemployment benefits. GASB noted that the unfunded portion of this promise is a present obligation of the government, part of a bargained-for benefit to the employee, and should accordingly be reported by the government as a liability since they received the benefit of the exchange. However, the County is not responsible for certain key factors affecting the balance of these liabilities. In Ohio, the employee shares the obligation of funding pension benefits with the employer. Both employer and employee contribution rates are capped by State statute. A change in these caps requires action of both Houses of the General Assembly and approval of the Governor. Benefit provisions are also determined by State statute. The Ohio Revised Code permits, but does not require the retirement systems to provide healthcare to eligible benefit recipients. The retirement systems may allocate a portion of the employer contributions to provide for these OPEB benefits.
The employee enters the employment exchange with the knowledge that the employer’s promise is limited not by contract but by law. The employer enters the exchange also knowing that there is a specific, legal limit to its contribution to the retirement system. In Ohio, there is no legal means to enforce the unfunded liability of the pension/OPEB plan as against the public employer. State law operates to mitigate/lessen the moral obligation of the public employer to the employee, because all parties enter the employment exchange with notice as to the law. The retirement system is responsible for the administration of the pension and OPEB plans.
Most long-term liabilities have set repayment schedules or, in the case of compensated absences (i.e. sick and vacation leave), are satisfied through paid time-off or termination payments. There is no repayment schedule for the net pension liability or the net OPEB liability. As explained above, changes in benefits, contribution rates, and return on investments affect the balance of these liabilities, but are outside the control of the local government. In the event that contributions, investment returns, and other changes are insufficient to keep up with required payments, State statute does not assign/identify the responsible party for the unfunded portion. Due to the unique nature of how the net pension liability and the net OPEB liability are satisfied, these liabilities are separately identified within the long-term liability section of the statement of net position.
In accordance with GASB 68 and GASB 75, the County’s statements prepared on an accrual basis of accounting include an annual pension expense and an annual OPEB expense for their proportionate share of each plan’s change in net pension liability and net OPEB liability, respectively, not accounted for as deferred inflows/outflows.
As a result of implementing GASB 75, the County is reporting a net OPEB liability and deferred inflows/outflows of resources related to OPEB on the accrual basis of accounting. This implementation also had the effect of restating net position at December 31, 2017, from $373,955,123 to $337,416,576.
By far the largest portion of the County’s net position reflects its investment in capital assets (e.g., land, buildings, equipment, and infrastructure), less any related debt used to acquire those assets that are still outstanding. The County uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the County’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.
An additional portion of the County’s net position is resources that are subject to external restriction on how they may be used. The remaining balance is unrestricted net position and may be used to meet the County’s ongoing obligations to citizens and creditors. The implementation of GASB Statement Nos 68, 71 and 75, as discussed above, directly affects unrestricted net position. Therefore, the County continues to present negative unrestricted net position for governmental activities.
Total assets for governmental activities increased $3.9 million. The majority of this increase is due to the County reinstating the collection of the full statutorily allowed 2.5 mills for tax year 2018 to be collected in 2019. Liabilities decreased within governmental activities by $25.5 million and within business-type activities by $16.0 million, due primarily to the decrease in the net pension liability reported as part of the long-term liabilities due in more than one year. This decrease was a result of the operations of the State of Ohio’s PERS.
17 GREENE COUNTY, OHIO MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED) FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)
Greene County's Changes in Net Position (Expressed in Thousands of Dollars)
Governmental Activities Business-type Activities Total 2018 2017 2018 2017 2018 2017 Revenues: Program Revenues: Charges for Services$ 19,587 $ 20,047 $ 31,354 31,368$ 50,941$ $ 51,415 Operating Grants/Contributions 32,339 32,306 - - 32,339 32,306 Capital Grants/Contributions 1,873 2,716 1,797 3,968 3,670 6,684 General Revenues: Property Taxes 37,469 38,520 - - 37,469 38,520 Sales Tax 27,508 27,344 - - 27,508 27,344 Other Taxes 1,229 1,215 - - 1,229 1,215 Unrestricted Grants 5,228 5,941 - - 5,228 5,941 Investment Earnings 2,432 1,629 50 37 2,482 1,666 Other 1,334 1,147 503 415 1,837 1,562 Total Revenues 128,999 130,865 33,704 35,788 162,703 166,653 Expenses: Legislative and Executive 22,214 20,484 - - 22,214 20,484 Judicial 9,268 9,016 - - 9,268 9,016 Public Safety 26,103 26,233 - - 26,103 26,233 Public Works 9,630 8,984 - - 9,630 8,984 Health 26,119 25,565 - - 26,119 25,565 Human Services 31,922 32,036 - - 31,922 32,036 Conservation and Recreation 4,509 3,594 - - 4,509 3,594 Community and Economic Development 2,052 1,597 - - 2,052 1,597 Interest and Fiscal Charges 820 870 - - 820 870 Water - - 9,983 9,628 9,983 9,628 Sewer - - 16,795 16,645 16,795 16,645 Total Expenses 132,637 128,379 26,778 26,273 159,415 154,652 Changes in Net Position Before Transfers (3,638) 2,486 6,926 9,515 3,288 12,001 Transfers (93) (47) 93 47 - - Change in Net Position (3,731) 2,439 7,019 9,562 3,288 12,001 Net Position January 1 (Restated) 178,985 N/A 158,432 N/A 337,417 N/A Net Position December 31 $ 175,254 $ 178,985 $ 165,451 158,432$ 340,705$ 337,417$
The information necessary to restate the 2017 beginning balances and the 2017 OPEB expense amounts for the effects of the initial implementation of GASB 75 is not available. Therefore, 2017 functional expenses still include OPEB expense of $477,895 computed under GASB 45. GASB 45 required recognizing pension expense equal to the contractually required contributions to the plan. Under GASB 75, OPEB expense represents additional amounts earned, adjusted by deferred inflows/outflows. The contractually required contribution is no longer a component of OPEB expense. Under GASB 75, the 2018 statements report OPEB expense of $2,560,518. Consequently, in order to compare the 2018 total program expenses to 2017, the following adjustments are needed:
Governmental Business-Type Activities Activities Total Total 2018 program expenses under GASB 75$ 132,635,954 $ 26,778,280 $ 159,414,234 OPEB expense under GASB 75 (2,378,301) (182,217) (2,560,518) Adjusted 2018 program expenses 130,257,653 26,596,063 156,853,716 Total 2017 program expenses under GASB 45 128,378,696 26,273,435 154,652,131 Increase in program expenses not related to OPEB$ 1,878,957 $ 322,628 $ 2,201,585
18 GREENE COUNTY, OHIO MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED) FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)
Analysis of the County’s Operations: The previous table provides a summary of the County’s operations for 2018 and 2017. Some of the more significant changes included:
Property tax revenues decreased $1.1 million as a direct result of the County requesting a reduction in the statutorily allowed property tax rate of 2.5 mills to 2.0 mills. The County can request the rate be reinstated to the statutory maximum in subsequent years.
Overall, governmental activity expenses increased 3.3% or $4.3 million from 2017. The primary reason for the increase was a salary increase for employees during 2018.
The business-type activities saw no significant changes. Revenues decreased $2.2 million in capital grants and contributions after that amount peeked in the prior year due to a large grant and record high capital contributions from developers related to infrastructure additions. Expenses increased 1.9% from what was reported in 2017.
Financial Analysis of the Government’s Funds: As noted earlier, Greene County uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.
Governmental Funds: The focus of Greene County’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the County’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year.
As of the end of the current fiscal year, Greene County’s governmental funds reported combined ending fund balances of $114.0 million, an increase of $1.0 million in comparison with the prior year. Of this, $28.6 million constitutes unassigned fund balance, which is available for spending at the County’s discretion. The remainder of the fund balance is reported separately to indicate that it is not available for new spending because it has been set aside for other purposes.
The General Fund is the chief operating fund of the County. As of December 31, 2018, the General Fund reported $28.6 million in unassigned fund balance and a $39.1 million in total fund balance. This is a decrease of $0.5 million from amounts reported in the prior year.
Revenues in the General Fund decreased $0.8 million in 2018. The most significant changes include decreases in Taxes (1.2 million) and Intergovernmental revenue (0.7 million) both of which are related to the voluntary reduction in the property tax rate for 2018. Expenditures increased $3.4 million in 2018. During 2018, the county has completed a number of capital projects out of the General Fund including, Phase II of a three phase HVAC project, installation of cabling for the new county wide phone project. Due to its strong cash position the County implemented a grant program for subdivision located in the County to assist them with their infrastructure or other development needs.
Within the other major governmental funds of the County, the following item of significance was noted:
The Children Services Fund saw its expenditures increase $1.8 million or 20.0%. This increase is related to the opioid epidemic and the demands it has placed on children service programs throughout the nation.
Proprietary Funds: The County’s two proprietary funds are the water fund and the sewer fund, which comprise all of the County’s business-type activities. During 2018, the water fund saw an increase in net position of $2.5 million while net position in the sewer fund grew by $4.5 million. These results are consistent with those reported in the prior year. There were no significant changes in 2018 activities.
General Fund Budgetary Highlights: The County made numerous revisions to the original appropriations approved by the County Commissioners. During the year, the appropriations for the general fund were increased $3.7 million. The County’s budgeted revenues were increased $0.1 million during the year. Even after this revision to the budget, actual revenue came in $3.8 million or 7.4% more than the final budgeted amount. The County spent 85.3% of the amount appropriated in the general fund during 2018, resulting in the overall general fund’s financial position being $13.9 million better than budgeted for the year.
19 GREENE COUNTY, OHIO MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED) FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)
Capital Assets: Capital Assets Net of Accumulated Depreciation (Expressed in Thousands of Dollars) Governmental Activities Business-type Activities Total 2018 2017 2018 2017 2018 2017 Land $ 2,564 $ 2,452 $ 2,093 $ 2,093 $ 4,657 $ 4,545 Infrastructure 131,337 131,337 - - 131,337 131,337 Construction in Progress - - 376 4,128 376 4,128 Buildings and Improvements 22,601 23,539 5,779 6,063 28,380 29,602 Water and Sewer Lines - - 238,058 236,197 238,058 236,197 Equipment 5,189 4,303 1,775 1,446 6,964 5,749 Total$ 161,691 $ 161,631 $ 248,081 $ 249,927 $ 409,772 $ 411,558
The County uses the modified approach to report roads and bridges which are reported as infrastructure in the governmental activities. The County manages its roads using two methods, the Financial Condition Rating which measures the condition of a road by comparing the estimated cost to repair the road to the estimated cost of replacing the road and the Physical Condition Rating which consider factors such as; time since the road had surface maintenance, surface condition (i.e., cracking) from visual observation, traffic volume, traffic type, and Financial Condition Rating. A committee meets and determines the Physical Condition Rating of each County road. Both measurements use a scale of one to five, with five being excellent. It is the County Engineer’s policy to maintain 90% of the County roadways at a Physical Condition Rating of three or better. The most recent assessment found that 100% of the County roads have a Physical Condition Rating of three or better, as was the case in the previous two Physical Condition Ratings. For 2018, the County Engineer budgeted $4,234,422 for maintaining the roads of the County at an acceptable level. Actual expenditures were $3,824,772.
The County manages its bridges using a General Appraisal Rating, which was developed by the Federal Highway Administration. The system uses a numerical ranking of zero to nine, with nine being excellent, to evaluate all County bridges. It is the policy of the Greene County Engineer to maintain a bridge system in the County where 95% of the structures have a General Appraisal rating of five or more. The most recent assessment found that 99% of the County bridges have a General Appraisal Rating of five or better. The three bridges that are rated below five are covered bridges, which are registered historical landmarks and therefore cannot be removed or improved to increase the bridge rating. For 2018, the County Engineer budgeted $422,180 for maintaining the bridges of the County at an acceptable level. Actual expenditures were $305,869.
For more information regarding the County’s capital assets, see footnote E of the Notes to the Basic Financial Statements.
Debt: Outstanding Debt (Expressed in Thousands of Dollars) Governmental Activities Business-type Activities Total 2018 2017 2018 2017 2018 2017 General Obligation Bonds$ 19,680 $ 21,092 $ 66,209 $ 73,603 $ 85,889 $ 94,695 Revenue Bonds - - 13,417 14,962 13,417 14,962 OWDA/OPWC Related Debt - - 44,975 48,138 44,975 48,138 Bond Anticipation Notes - - - 990 - 990 Special Assessment Bonds - - 3,392 2,934 3,392 2,934 Total $ 19,680 $ 21,092 $ 127,993 $ 140,627 $ 147,673 $ 161,719
For more information regarding the County’s debt, see footnote F and G of the Notes to the Basic Financial Statements.
20 GREENE COUNTY, OHIO MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED) FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)
Economic Factors and Next Year’s Budgets and Rates
The County’s budgeted revenues for the general fund in 2019 are consistent with those appearing in the final budget for 2018. The Board of County Commissioners will review the County’s financial position throughout 2019 to determine if the final appropriations for the year need to be adjusted.
Greene County has seen and is expected to see continued growth in both its residential and commercial development. Real estate taxes are expected to increase 20% in the general fund in 2019 due in part to the County’s decision to reinstate the .5 mill property tax levy and the general growth in property values due to new construction. Sales taxes are expected to continue growing at its traditional 3% per year due to the population growth and the additional commercial construction in the County.
During 2019, the County will complete the final phase of its HVAC program which is estimated to cost $2 million. Additionally, the County has begun looking at options to replace its adult detention facility. The County is considering a variety of funding options, including a possible increase in the sales tax rate.
Requests for Information
This financial report is designed to provide our citizens, taxpayers, customers, investors and creditors with a detailed overview of the County’s finances. If you have questions about this report contact the County Auditor’s Office by calling (937) 562-5065, writing the County Auditor at 69 Greene Street, Xenia, Ohio 45385 or visiting the County’s web site at www.co.greene.oh.us.
21 GREENE COUNTY, OHIO GOVERNMENT-WIDE STATEMENT OF NET POSITION DECEMBER 31, 2018
Primary Government Governmental Business-Type Activities Activities Total ASSETS: Equity in Pooled Cash and Cash Equivalents $ 109,914,328 $ 13,149,996 $ 123,064,324 Cash and Cash Equivalents in Segregated Accounts 86,397 2,300,801 2,387,198 Receivables (Net of Allowances for Uncollectibles) Taxes 45,315,404 45,315,404 Accounts 727,346 3,390,428 4,117,774 Special Assessments 5,468,816 5,468,816 Accrued Interest 476,587 476,587 Internal Balances 125,238 (125,238) Due from Other Governments 11,342,205 11,342,205 Materials and Supplies Inventory 924,417 924,417 Prepaid Items 6,285,969 223,602 6,509,571 Restricted Assets: Equity in Pooled Cash and Cash Equivalents 20,640,546 20,640,546 Cash and Cash Equivalents with Escrow Agents 1,171,639 1,171,639 Capital Assets Not Being Depreciated 133,901,552 2,469,662 136,371,214 Capital Assets (Net of Accumulated Depreciation) 27,789,900 245,611,110 273,401,010 Total Assets 335,964,926 295,225,779 631,190,705
DEFERRED OUTFLOWS OF RESOURCES: Deferred Charge on Refunding 924,215 6,296,799 7,221,014 Pension 12,893,288 867,422 13,760,710 OPEB 2,585,874 197,326 2,783,200 Total Deferred Outflows of Resources 16,403,377 7,361,547 23,764,924
LIABILITIES: Accounts Payable 2,349,193 627,408 2,976,601 Accrued Wages and Benefits 3,434,720 289,170 3,723,890 Due to Other Governments 882,887 882,887 Accrued Interest Payable 61,495 224,561 286,056 Claims Payable 1,267,229 1,267,229 Payable from Restricted Assets: Matured General Obligation Bonds 5,000 5,000 Matured General Obligation Bond Interest 5,981 5,981 Matured Special Assessment Bonds with Governmental Commitment 15,000 15,000 Matured Special Assessment Bond Interest with Governmental Commitment 16,997 16,997 Long-Term Liabilities: Due Within One Year 1,812,507 13,159,949 14,972,456 Net Pension Liability (See Note H) 53,214,864 3,648,379 56,863,243 Net OPEB Liability (See Note I) 35,186,337 2,634,220 37,820,557 Other Amounts Due in More Than One Year 22,249,936 115,219,704 137,469,640 Total Liabilities 120,459,168 135,846,369 256,305,537
DEFERRED INFLOWS OF RESOURCES: Property Taxes 39,756,574 39,756,574 Pension 13,083,596 997,285 14,080,881 OPEB 3,815,426 292,326 4,107,752 Total Deferred Inflows of Resources 56,655,596 1,289,611 57,945,207
NET POSITION: Net Investment in Capital Assets 152,433,542 128,771,844 281,205,386 Restricted for: Debt Service 1,331,921 1,102,430 2,434,351 Capital Outlay 17,408,715 17,408,715 Other Purposes 1,930,626 1,930,626 Road and Bridge Maintenance 12,726,898 12,726,898 Human and Social Services 17,483,312 17,483,312 Health Care Assistance 25,131,350 25,131,350 Public Safety Programs 6,147,875 6,147,875 General Administrative Services 2,919,316 2,919,316 Community and Economic Programs 2,109,541 2,109,541 Unclaimed Monies 48,456 48,456 Conservation 3,151,945 3,151,945 Trust Fund - Expendable 17,942 17,942 Trust Fund - Nonexpendable 70,800 70,800 Unrestricted (50,249,985) 18,168,357 (32,081,628) Total Net Position $ 175,253,539 $ 165,451,346 $ 340,704,885
The notes to the financial statements are an intergral part of this statement.
22 GREENE COUNTY, OHIO GOVERNMENT-WIDE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED DECEMBER 31, 2018
Program Revenues Net(Expense)Revenue and Changes in Net Position Operating Capital Charges for Grants and Grants and Governmental Business-Type Expenses Services Contributions Contributions Activities Activities Total Governmental Activities: Legislative and Executive $ 22,213,612 $ 6,843,562 $ 351,673 $ 199,855 $ (14,818,522) $ (14,818,522) Judicial 9,268,013 1,732,523 416,117 (7,119,373) (7,119,373) Public Safety 26,102,510 3,768,748 4,020,072 188,226 (18,125,464) (18,125,464) Public Works 9,629,941 441,181 6,590,274 295,688 (2,302,798) (2,302,798) Health 26,119,243 1,109,663 6,081,442 (18,928,138) (18,928,138) Human Services 31,921,834 4,608,235 14,202,361 (13,111,238) (13,111,238) Conservation and Recreation 4,509,091 1,083,089 96,174 1,058,796 (2,271,032) (2,271,032) Community and Economic Development 2,052,055 580,637 130,483 (1,340,935) (1,340,935) Interest and Fiscal Charges 819,655 (819,655) (819,655) Total Governmental Activities 132,635,954 19,587,001 32,338,750 1,873,048 (78,837,155) (78,837,155)
Business-Type Activities: Water 9,982,806 10,753,445 1,405,480 2,176,119 2,176,119 Sewer 16,795,474 20,600,736 392,115 4,197,377 4,197,377 Total Business-Type Activities 26,778,280 31,354,181 1,797,595 6,373,496 6,373,496 23
Total - Primary Government $ 159,414,234 $ 50,941,182 $ 32,338,750 $ 3,670,643 (78,837,155) 6,373,496 (72,463,659)
General Revenues: Taxes: Property Taxes, Levied for General Purposes 7,343,572 7,343,572 Property Taxes, Levied for Road and Bridge Maintenance 851,533 851,533 Property Taxes, Levied for Community Mental Health 4,116,450 4,116,450 Property Taxes, Levied for Developmental Disability Services 11,309,685 11,309,685 Property Taxes, Levied for County Hospital Services 3,235,299 3,235,299 Property Taxes, Levied for Children's Services 5,268,325 5,268,325 Property Taxes, Levied for Senior Citizen Services 5,053,595 5,053,595 Property Taxes, Levied for Debt Service 290,066 290,066 Sales Taxes 27,507,549 27,507,549 County Hotel Lodging Tax 1,229,004 1,229,004 Grants and Entitlements not Restricted to Specific Programs 5,227,671 5,227,671 Investment Earnings 2,432,081 50,029 2,482,110 Miscellaneous 1,333,965 503,144 1,837,109 Transfers (92,748) 92,748 Total General Revenues and Transfers 75,106,047 645,921 75,751,968 Change in Net Position (3,731,108) 7,019,417 3,288,309 Net Position Beginning of Year (Restated See Note R) 178,984,647 158,431,929 337,416,576 Net Position End of Year $ 175,253,539 $ 165,451,346 $ 340,704,885
The notes to the financial statements are an intergral part of this statement. GREENE COUNTY, OHIO BALANCE SHEET GOVERNMENTAL FUNDS DECEMBER 31, 2018
Department of Board of Other Total Motor Vehicle Job and Family Children Developmental Governmental Governmental General Fund Road & Bridge Services Services Disabilities Funds Funds
ASSETS: Equity in Pooled Cash and Cash Equivalents $ 35,102,054 $ 9,690,285 $ 1,437,447 $ 10,364,982 $ 19,056,094 $ 28,918,146 $ 104,569,008 Cash and Cash Equivalents in Segregated Accounts 86,397 86,397 Receivables (Net of Allowance for Uncollectibles) Taxes 14,114,410 880,993 5,451,982 11,708,746 13,159,273 45,315,404 Accounts 169,960 31,066 9,179 742 95,060 421,339 727,346 Accrued Interest 466,618 9,726 243 476,587 Interfund Receivable 356,228 356,228 Due from Other Funds 88,417 29,306 65,480 3,046 80,144 139,534 405,927 Prepaid Items 620,385 131,618 67,180 3,125 5,344,690 118,971 6,285,969 Due from Other Governments 2,603,704 3,328,487 198,189 1,220,644 1,321,101 2,670,080 11,342,205 Total Assets $ 53,521,776 $ 14,101,481 $ 1,777,475 $ 17,044,521 $ 37,605,835 $ 45,513,983 $ 169,565,071 24 LIABILITIES: Accounts Payable 930,951 24,043 189,735 794,209 79,438 317,303 2,335,679 Accrued Wages and Benefits 1,828,506 164,867 374,750 20,140 434,524 611,933 3,434,720 Due to Other Governments 47,774 774,003 61,110 882,887 Interfund Payable 356,228 356,228 Due to Other Funds 328,048 12,624 30,825 15,118 3,738 56,508 446,861 Total Liabilities 3,135,279 201,534 595,310 829,467 1,291,703 1,403,082 7,456,375
DEFERRED INFLOWS OF RESOURCES: Property Taxes 9,205,305 862,517 5,337,652 11,463,295 12,887,805 39,756,574 Unavailable Revenue 2,108,294 2,291,817 518,826 1,403,178 2,024,970 8,347,085 Total Deferred Inflows of Resources 11,313,599 3,154,334 5,856,478 12,866,473 14,912,775 48,103,659
FUND BALANCES: Nonspendable 668,841 131,618 67,180 3,125 5,344,690 189,771 6,405,225 Restricted 10,613,995 1,114,985 10,355,451 18,102,969 21,839,999 62,027,399 Committed 7,168,356 7,168,356 Assigned 9,829,127 9,829,127 Unassigned 28,574,930 28,574,930 Total Fund Balances 39,072,898 10,745,613 1,182,165 10,358,576 23,447,659 29,198,126 114,005,037
Total Liabilities, Deferred Inflows of Resources and Fund Balances $ 53,521,776 $ 14,101,481 $ 1,777,475 $ 17,044,521 $ 37,605,835 $ 45,513,983 $ 169,565,071
The notes to the financial statements are an intergral part of this statement. GREENE COUNTY, OHIO RECONCILIATION OF THE TOTAL GOVERNMENTAL FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES DECEMBER 31, 2018
Total Governmental Fund Balances $ 114,005,037
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore are not reported in the funds. These assets consist of: Land 2,564,258 Infrastructure 131,337,294 Buildings, Structures and Improvements 40,909,834 Equipment, Furniture and Fixtures 14,530,503 Accumulated Depreciation (27,650,437) Total capital assets 161,691,452
Internal service fund is used by management to charge the costs of certain services to individual funds. The assets and liabilities of the internal service fund is included in governmental activities in the statement of net position. 4,064,577
Adjustments to reflect the consolidation of internal service fund activities related to enterprise activity. 166,172
Other long-term assets are not available to pay for current-period expenditures and, therefore are offset by deferred inflows of resources in the funds: Property Taxes 805,894 Intergovernmental 7,200,363 Special Assessments 7,787 Charges for Service 138,685 Investment Earnings 194,356 Total 8,347,085
Long-term liabilities are not due and payable in the current period and therefore are not reported in the funds. Those liabilites consist of: General Obligation Bonds, Net Carrying Value (19,679,732) Capital Lease (49,881) Compensated absences (4,332,830) Total (24,062,443)
Accrued interest on bonds is not reported in the funds, where interest expenditures are reported when due. (61,495)
Deferred amounts on refunding are not recognized as assets in the funds, where they are recorded as expenditures when paid. 924,215
The net pension and OPEB liabilities are not due and payable in the current period; therefore, the liabilities and related deferred inflows/outflows are not reported in governmental funds. Deferred Outflows - Pension 12,893,288 Deferred Outflows - OPEB 2,585,874 Deferred Inflows - Pension (13,083,596) Deferred Inflows - OPEB (3,815,426) Net Pension Liability (53,214,864) Net OPEB Liability (35,186,337) Total (89,821,061)
Total net position of governmental activities $ 175,253,539
The notes to the financial statements are an integral part of this statement
25 GREENE COUNTY, OHIO STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE YEAR ENDED DECEMBER 31, 2018
Department of Motor Vehicle Job and Board of Other Total Road & Family Children Developmental Governmental Governmental General Fund Bridge Services Services Disabilities Funds Funds
REVENUES: Taxes $ 34,858,436 $ 852,529 $ 5,274,259 $ 11,323,644 $ 13,902,745 $ 66,211,613 Special Assessments 27,158 27,158 Charges for Services 8,018,397 239,726 35,530 371,746 8,304,838 16,970,237 Licenses and Permits 1,369,150 239,224 1,608,374 Fines and Forfeitures 282,425 127,281 411,356 821,062 Intergovernmental 5,767,187 6,764,955 6,251,378 5,219,472 4,865,904 9,403,756 38,272,652 Investment Earnings 2,434,124 51,722 109,087 2,594,933 Other 1,316,610 33,949 217,141 5,683 88,140 648,689 2,310,212 Total Revenues 54,046,329 8,097,320 6,468,519 10,534,944 16,649,434 33,019,695 128,816,241
EXPENDITURES: Current: General Government: Legislative and Executive 18,773,482 2,265,975 21,039,457 Judicial 8,496,963 8,496,963
26 Public Safety 17,610,043 5,917,585 23,527,628 Public Works 633,610 8,108,760 8,742,370 Health 435,519 16,871,060 8,864,776 26,171,355 Human Services 818,998 6,568,533 10,562,967 11,814,392 29,764,890 Conservation and Recreation 2,789,803 1,582,160 4,371,963 Community and Economic Development 942,989 994,119 1,937,108 Capital Outlay 1,632,132 1,632,132 Debt Service: Principal Retirements 1,360,000 1,360,000 Interest and Fiscal Charges 793,229 793,229 Total Expenditures 50,501,407 8,108,760 6,568,533 10,562,967 16,871,060 35,224,368 127,837,095
Excess of Revenues Over (Under) Expenditures 3,544,922 (11,440) (100,014) (28,023) (221,626) (2,204,673) 979,146
OTHER FINANCING SOURCES AND USES: Transfers In 54,723 278,777 4,146,460 4,479,960 Proceeds from Sale of Capital Assets 70,989 30,000 581 9,762 111,332 Transfers Out (4,125,938) (447,254) (4,573,192) Total Other Financing Sources and Uses (4,000,226) 30,000 279,358 3,708,968 18,100
Net Change in Fund Balance (455,304) 18,560 179,344 (28,023) (221,626) 1,504,295 997,246
Fund Balance at Beginning of Year 39,528,202 10,727,053 1,002,821 10,386,599 23,669,285 27,693,831 113,007,791
Fund Balance at End of Year $ 39,072,898 $ 10,745,613 $ 1,182,165 $ 10,358,576 $ 23,447,659 $ 29,198,126 $ 114,005,037
The notes to the financial statements are an intergral part of this statement. GREENE COUNTY, OHIO RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED DECEMBER 31, 2018
Amounts reported for governmental activities in the statement of activities are different because:
Net change in fund balances - total governmental funds$ 997,246
Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their useful lives and reported as depreciation expense. This is the amount by which capital outlay differs from depreciation expense in the current period. Capital Outlay 2,144,067 Depreciation Expense (1,822,501) Total 321,566
Governmental funds only report the disposal of capital assets to the extent proceeds are received from the sale. In the statement of activities a gain or (loss) is reported for each disposal Net book value of capital assets disposed of (261,535)
Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds. These amounts represent the effect of the reversal of prior year items against current year accruals. Property Taxes (6,535) Intergovernmental 11,727 Special Assessments (2,014) Charges for Service 128,305 Investment Earnings 32,515 Total 163,998
The issuance of long-term debt provides current financial resources to governmental funds, while the repayment of principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however has any effect on net position. This amount is the net effect of the differences in the treatment of long-term debt on the statement of activities, comprised of the following: Premium on bonds 55,888 Discount on bonds (3,632) Principal repayment for bonds 1,360,000 Principal repayment for capital leases 49,880 Total 1,462,136
Interest is reported as an expenditure in governmental funds when due, but is accrued on outstanding bonds in the statement of activities. (2,868)
Some expenses reported in the statement of activities do not require the use of financial resources and, therefore, are not reported as expenditures in governmental funds. These items include expenses related to changes in: Amortization of Loss on Refunding (75,814) Compensated Absences 60,665 Total (15,149)
The internal service fund used by management to charge the cost of insurance to individual funds, is reported in the statement of activities. The change in net position of the internal service fund is reported with governmental activities, net of the adjustment to reflect the consolidation of internal service fund activities related to business-type activities: Change in net position 580,938 Adjustment to business type activities (45,507) Total 535,431
Contractually required contributions are reported as expenditures in governmental funds; however, the statement of net position reports these amounts as deferred outflows: Pension 6,415,483
Except for amounts reported as deferred inflows/outflows, changes in the net pension and OPEB liabilities are reported as pension expense in the statement of activities: Pension (2,421,068) OPEB (10,926,348)
Change in net position of governmental activities $ (3,731,108)
The notes to the financial statements are an integral part of this statement.
27 GREENE COUNTY, OHIO STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL GENERAL FUND FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Taxes $ 34,170,530 $ 34,170,530 $ 34,467,731 $ 297,201 Charges for Services 7,556,130 7,641,373 8,039,369 397,996 Licenses and Permits 1,028,000 1,028,000 1,365,459 337,459 Fines and Forfeitures 297,400 297,400 283,485 (13,915) Intergovernmental 5,455,852 5,455,852 6,443,024 987,172 Interest 1,732,000 1,732,000 2,552,243 820,243 Other 1,058,215 1,058,215 2,013,877 955,662 Total Revenues 51,298,127 51,383,370 55,165,188 3,781,818
EXPENDITURES: Current: General Government: Legislative and Executive 27,734,188 28,913,548 23,794,269 5,119,279 Judicial 8,683,715 8,775,450 8,403,696 371,754 Public Safety 18,645,429 18,710,846 17,733,850 976,996 Public Works 1,141,326 867,789 728,745 139,044 Health 426,336 445,855 445,818 37 Human Services 864,906 863,987 845,885 18,102 Conservation and Recreation 2,741,570 2,825,955 2,824,291 1,664 Community and Economic Development 474,806 972,940 967,068 5,872 Total Expenditures 60,712,276 62,376,370 55,743,622 6,632,748
Excess of Revenues Over (Under) Expenditures (9,414,149) (10,993,000) (578,434) 10,414,566
OTHER FINANCING SOURCES AND USES: Transfers In 393,000 393,000 54,723 (338,277) Proceeds from Sale of Capital Assets 10,000 10,000 70,989 60,989 Advances In 100,000 100,000 140,000 40,000 Transfers Out (5,739,017) (7,782,629) (4,149,054) 3,633,575 Advances Out (165,000) (155,000) (80,700) 74,300 Repayment of Loans to Other Governments 25,000 25,000 Loans to Other Governments (10,000) (10,000) Total Other Financing Sources and Uses (5,401,017) (7,444,629) (3,949,042) 3,495,587
Net Change in Fund Balance (14,815,166) (18,437,629) (4,527,476) 13,910,153
Fund Balance (Deficit) at Beginning of Year 32,105,969 32,105,969 32,105,969 Prior Year Encumbrances Appropriated 5,076,088 5,076,088 5,076,088 Fund Balance (Deficit) at End of Year $ 22,366,891 $ 18,744,428 $ 32,654,581 $ 13,910,153
The notes to the financial statements are an intergral part of this statement.
28 GREENE COUNTY, OHIO STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL MOTOR VEHICLE ROAD AND BRIDGE FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative)
REVENUES: Taxes $ 863,750 $ 863,750 $ 854,531 $ (9,219) Special Assessments 38,000 38,000 31,749 (6,251) Charges for Services 175,000 175,000 239,952 64,952 Fines and Forfeitures 125,000 125,000 125,527 527 Intergovernmental 6,056,100 6,351,788 7,047,527 695,739 Interest 20,000 20,000 51,600 31,600 Other 25,000 25,000 7,060 (17,940) Total Revenues 7,302,850 7,598,538 8,357,946 759,408
EXPENDITURES: Current: Public Works 11,002,607 11,705,114 9,018,978 2,686,136 Total Expenditures 11,002,607 11,705,114 9,018,978 2,686,136
Excess of Revenues Over (Under) Expenditures (3,699,757) (4,106,576) (661,032) 3,445,544
OTHER FINANCING SOURCES AND USES: Proceeds from Sale of Capital Assets 30,000 30,000 Total Other Financing Sources and Uses 30,000 30,000
Net Change in Fund Balance (3,699,757) (4,106,576) (631,032) 3,475,544
Fund Balance (Deficit) at Beginning of Year 9,097,478 9,097,478 9,097,478 Prior Year Encumbrances Appropriated 789,401 789,401 789,401 Fund Balance (Deficit) at End of Year $ 6,187,122 $ 5,780,303 $ 9,255,847 $ 3,475,544
The notes to the financial statements are an intergral part of this statement.
29 GREENE COUNTY, OHIO STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL DEPARTMENT OF JOB AND FAMILY SERVICES FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative)
REVENUES: Intergovernmental $ 6,200,000 $ 6,200,000 $ 6,158,369 $ (41,631) Other 3,930,000 3,930,000 146,185 (3,783,815) Total Revenues 10,130,000 10,130,000 6,304,554 (3,825,446)
EXPENDITURES: Current: Human Services 11,834,066 11,832,522 6,584,507 5,248,015 Total Expenditures 11,834,066 11,832,522 6,584,507 5,248,015
Excess of Revenues Over (Under) Expenditures (1,704,066) (1,702,522) (279,953) 1,422,569
OTHER FINANCING SOURCES AND USES: Transfers In 270,000 270,000 278,777 8,777 Proceeds from Sale of Capital Assets 581 581 Total Other Financing Sources and Uses 270,000 270,000 279,358 9,358
Net Change in Fund Balance (1,434,066) (1,432,522) (595) 1,431,927
Fund Balance (Deficit) at Beginning of Year 1,431,412 1,431,412 1,431,412 Prior Year Encumbrances Appropriated 3,577 3,577 3,577 Fund Balance (Deficit) at End of Year $ 923 $ 2,467 $ 1,434,394 $ 1,431,927
The notes to the financial statements are an intergral part of this statement.
30 GREENE COUNTY, OHIO STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL CHILDREN SERVICES FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative)
REVENUES: Taxes $ 5,348,700 $ 5,348,700 $ 5,286,671 $ (62,029) Charges for Services 50,000 50,000 35,325 (14,675) Intergovernmental 5,366,700 5,366,700 4,860,449 (506,251) Other 2,921 2,921 Total Revenues 10,765,400 10,765,400 10,185,366 (580,034)
EXPENDITURES: Current: Human Services 11,266,921 11,963,115 10,562,253 1,400,862 Total Expenditures 11,266,921 11,963,115 10,562,253 1,400,862
Net Change in Fund Balance (501,521) (1,197,715) (376,887) 820,828
Fund Balance (Deficit) at Beginning of Year 9,927,140 9,927,140 9,927,140 Prior Year Encumbrances Appropriated 354,401 354,401 354,401 Fund Balance (Deficit) at End of Year $ 9,780,020 $ 9,083,826 $ 9,904,654 $ 820,828
The notes to the financial statements are an intergral part of this statement.
31 GREENE COUNTY, OHIO STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL BOARD OF DEVELOPMENTAL DISABILITIES FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative)
REVENUES: Taxes $ 11,485,000 $ 11,485,000 $ 11,350,265 $ (134,735) Charges for Services 60,000 60,000 375,210 315,210 Intergovernmental 4,177,500 4,177,500 4,933,558 756,058 Other 12,167 12,167 Total Revenues 15,722,500 15,722,500 16,671,200 948,700
EXPENDITURES: Current: Health 20,584,836 26,577,748 21,568,084 5,009,664 Total Expenditures 20,584,836 26,577,748 21,568,084 5,009,664
Excess of Revenues Over (Under) Expenditures (4,862,336) (10,855,248) (4,896,884) 5,958,364
OTHER FINANCING SOURCES AND USES: Transfers Out (2,000,000) 2,000,000 Total Other Financing Sources and Uses (2,000,000) 2,000,000
Net Change in Fund Balance (4,862,336) (12,855,248) (4,896,884) 7,958,364
Fund Balance (Deficit) at Beginning of Year 23,738,777 23,738,777 23,738,777 Prior Year Encumbrances Appropriated 8,507 8,507 8,507 Fund Balance (Deficit) at End of Year $ 18,884,948 $ 10,892,036 $ 18,850,400 $ 7,958,364
The notes to the financial statements are an intergral part of this statement.
32 GREENE COUNTY, OHIO STATEMENT OF NET POSITION PROPRIETARY FUNDS DECEMBER 31, 2018
Governmental Business-type Activities - Enterprise Funds Activities Internal Service Water Sewer Total Fund ASSETS: Current Assets: Equity in Pooled Cash and Cash Equivalents $ 5,298,391 $ 7,851,605 $ 13,149,996 $ 5,345,320 Cash and Cash Equivalents in Segregated Accounts 905,685 1,395,116 2,300,801 Accounts Receivable 1,263,138 2,127,290 3,390,428 Special Assessments Receivable 2,635,635 2,833,181 5,468,816 Due from Other Funds 21,512 26,995 48,507 Prepaid Items 95,526 128,076 223,602 Materials and Supplies Inventory 522,529 401,888 924,417 Restricted Assets: Equity in Pooled Cash and Cash Equivalents 11,645,527 8,995,019 20,640,546 Cash and Cash Equivalents with Escrow Agents 1,171,639 1,171,639 Total Current Assets 22,387,943 24,930,809 47,318,752 5,345,320
Noncurrent Assets: Capital Assets, net 77,900,297 170,180,475 248,080,772 Total Noncurrent Assets 77,900,297 170,180,475 248,080,772 Total Assets 100,288,240 195,111,284 295,399,524 5,435,320
DEFERRED OUTFLOWS OF RESOURCES: Deferred Charge on Refunding 1,764,398 4,532,401 6,296,799 Pension 394,528 472,894 867,422 OPEB 87,391 109,935 197,326 Total Deferred Outflows of Resources 2,246,317 5,115,230 7,361,547
LIABILITIES: Current Liabilities: Accounts Payable 266,274 361,134 627,408 13,514 Claims Payable 1,267,229 Accrued Wages and Benefits 133,024 156,146 289,170 Accrued Interest Payable 89,843 134,718 224,561 Due to Other Funds 3,411 4,162 7,573 Compensated Absences Payable 22,653 19,567 42,220 General Obligation Bonds Payable 2,269,311 5,251,684 7,520,995 Special Assessment Bonds Payable 108,113 160,250 268,363 OWDA/OPWC Loans Payable 264,195 3,286,282 3,550,477 Current Liabilities Payable from Restricted Assets: Revenue Bonds Payable 859,665 918,229 1,777,894 Matured General Obligation Bonds 5,000 5,000 Matured General Obligation Bonds Interest 469 5,512 5,981 Matured Special Assessment Bonds with Governmental Commitment 15,000 15,000 Matured Special Assessment Bonds Interest with Governmental Commitment 16,691 306 16,997 Total Current Liabilities 4,048,649 10,302,990 14,351,639 1,280,743 Long-Term Liabilities: (Net of Current Portions) Compensated Absences Payable 184,664 159,212 343,876 General Obligation Bonds Payable 26,214,197 32,474,003 58,688,200 Revenue Bonds Payable 1,844,471 9,794,988 11,639,459 Special Assessment Bonds Payable 1,794,305 1,329,750 3,124,055 OWDA/OPWC Loans Payable 3,847,886 37,301,799 41,149,685 Construction Commitments 274,429 274,429 Net Pension Liability 1,657,938 1,990,441 3,648,379 Net OPEB Liability 1,186,783 1,447,437 2,634,220 Total Long-Term Liabilities 37,004,673 84,497,630 121,502,303 Total Liabilities 41,053,322 94,800,620 135,853,942 1,280,743
DEFERRED INFLOWS OF RESOURCES: Pension 440,235 557,050 997,285 OPEB 128,998 163,328 292,326 Total Deferred Inflows of Resources 569,233 720,378 1,289,611
NET POSITION: Net Investment in Capital Assets 44,576,953 84,194,891 128,771,844 Restricted for Debt Service 698,721 403,709 1,102,430 Restricted for Capital Outlay 8,817,405 8,591,310 17,408,715 Unrestricted 6,818,923 11,515,606 18,334,529 4,064,577 Total Net Position $ 60,912,002 $ 104,705,516 165,617,518$ 4,064,577
Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds (166,172)
Total Net Position of Business-type Activites $ 165,451,346
The notes to the financial statements are an intergral part of this statement.
33 GREENE COUNTY, OHIO STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION PROPRIETARY FUNDS FOR THE YEAR ENDED DECEMBER 31, 2018
Governmental Business-type Activities - Enterprise Funds Activities Internal Service Water Sewer Total Fund OPERATING REVENUES: Charges for Services $ 10,753,445 $ 20,600,736 $ 31,354,181 $ 14,620,709 Other 255,867 247,277 503,144 650,996 Total Operating Revenues 11,009,312 20,848,013 31,857,325 15,271,705
OPERATING EXPENSES: Personal Services 2,584,891 3,181,743 5,766,634 Contractual Services 1,299,368 2,191,617 3,490,985 14,691,251 Materials and Supplies 2,000,067 2,348,471 4,348,538 Depreciation 2,580,252 5,397,917 7,978,169 Other 65,421 91,157 156,578 Total Operating Expenses 8,529,999 13,210,905 21,740,904 14,691,251
Operating Income 2,479,313 7,637,108 10,116,421 580,454
NON-OPERATING REVENUES (EXPENSES): Investment Income 50,029 50,029 Interest and Fiscal Charges (1,474,690) (3,608,193) (5,082,883) Total Non-Operating Revenues (Expenses) (1,424,661) (3,608,193) (5,032,854)
Income Before Contributions and Transfers 1,054,652 4,028,915 5,083,567 580,454
Transfers In 28,813 63,935 92,748 484 Capital Contributions from Customers 1,047,836 1,047,836 Capital Contributions from Grants 83,481 22,309 105,790 Capital Contributions from Developers 274,163 369,806 643,969
Change in Net Position 2,488,945 4,484,965 6,973,910 580,938
Net Position at Beginning of Year (Restated See Note R) 58,423,057 100,220,551 3,483,639
Net Position at End of Year $ 60,912,002 $ 104,705,516 $ 4,064,577
Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds 45,507
Change in Net Position of Business-type Activities $ 7,019,417
The notes to the financial statements are an intergral part of this statement.
34 GREENE COUNTY, OHIO STATEMENT OF CASH FLOWS PROPRIETARY FUNDS FOR THE YEAR ENDED DECEMBER 31, 2018
Governmental Business-type Activities - Enterprise Funds Activities Internal Service Water Sewer Total Fund Cash Flows from Operating Activities: Received from Charges for Services $ 10,891,970 $ 20,994,934 $ 31,886,904 $ 160,207 Received from Interfund Services 14,460,502 Received from Other Operating Sources 234,355 225,223 459,578 650,996 Payments to Suppliers for Goods and Services (2,040,201) (2,304,658) (4,344,859) Payments for Contract Services (1,182,385) (2,091,942) (3,274,327) (14,716,923) Payments to Employees for Services (2,373,907) (2,904,932) (5,278,839) Payments for Other Operating Expenses (68,023) (126,125) (194,148) Payments for Interfund Services Used (167,835) (207,354) (375,189) Net Cash Provided by (Used for) Operating Activities 5,293,974 13,585,146 18,879,120 554,782
Cash Flows from Noncapital Financing Activities: Transfers In 28,813 63,935 92,748 484 Net Cash Provided by (Used for) Noncapital Financing Activities 28,813 63,935 92,748 484
Cash Flows from Capital and Related Financing Activities: Proceeds from Capital Related Debt 969,429 969,429 Capital Contributions 83,481 22,309 105,790 Special Assessments Received 144,144 342,104 486,248 Payments for Capital Acquisitions (6,072,962) (782,454) (6,855,416) Payments for Capital Related Debt Principal (3,900,732) (9,549,559) (13,450,291) Payments for Capital Related Interest (1,394,204) (3,043,724) (4,437,928) Proceeds from Sales of Capital Assets 1,578 1,033 2,611 Net Cash Provided by (Used for) Capital and Related Financing Activities (10,169,266) (13,010,291) (23,179,557)
Cash Flows from Investing Activities: Received for Interest on Investments 50,029 50,029 Net Cash Provided by (Used for) Investing Activities 50,029 50,029
Net Increase (Decrease) in Cash and Cash Equivalents (4,796,450) 638,790 (4,157,660) 555,266 Cash and Cash Equivalents Beginning of Year 22,646,053 17,602,950 40,249,003 4,790,054 Cash and Cash Equivalents End of Year $ 17,849,603 $ 18,241,740 $ 36,091,343 $ 5,345,320
Reconciliation of Operating Income (Loss) to Net Cash Provided by (Used for) Operating Activities Operating Income (Loss) $ 2,479,313 $ 7,637,108 $ 10,116,421 $ 580,454 Adjustments: Depreciation 2,580,252 5,397,917 7,978,169 (Increase) Decrease in Assets and Deferred Outflows: Account Receivable 138,525 394,198 532,723 Due from Other Funds (21,512) (26,995) (48,507) Prepaid Items (5,183) (7,256) (12,439) Materials and Supplies Inventory 7,911 (32,433) (24,522) Deferred Inflows of Resources - Pension 570,270 722,032 1,292,302 Deferred Inflows of Resources - OPEB (72,395) (91,661) (164,056) Increase (Decrease) in Liabilities and Deferred Inflows: Accounts Payable (101,512) (61,273) (162,785) 13,514 Claims Payable (39,186) Accrued Wages 14,938 6,843 21,781 Due to Other Funds 590 778 1,368 Compensated Absences Payable (33,714) (20,478) (54,192) Net Pension Liability (827,792) (1,048,087) (1,875,879) Net OPEB Liability 25,252 31,972 57,224 Deferred Inflows of Resources - Pension 410,033 519,153 929,186 Deferred Inflows of Resources - OPEB 128,998 163,328 292,326 Net Cash Provided by (Used for) Operating Activities $ 5,293,974 $ 13,585,146 $ 18,879,120 $ 554,782
Noncash Investing, Capital, and Financing Activities Contributions of capital assets from developers $ 274,163 $ 369,806 $ 643,969 Capital additions funded by accounts payable $ 100,142 $ 176
Reconciliation of cash and cash equivalents: Equity in Pooled Cash and Cash Equivalents $ 5,298,391 $ 7,851,605 $ 13,149,996 $ 5,345,320 Cash and Cash Equivalents in Segregated Accounts 905,685 1,395,116 2,300,801 Restricted Equity in Pooled Cash and Cash Equivalents 11,645,527 8,995,019 20,640,546 Total Cash and Cash Equivalents $ 17,849,603 $ 18,241,740 $ 36,091,343 $ 5,345,320
The notes to the financial statements are an intergral part of this statement.
35 GREENE COUNTY, OHIO STATEMENT OF FIDUCIARY ASSETS AND LIABILITIES FIDUCIARY FUNDS DECEMBER 31, 2018
Agency Funds
ASSETS: Equity in Pooled Cash and Cash Equivalents $ 18,226,768 Cash and Cash Equivalents in Segregated Accounts 2,822,859 Taxes Levied for Other Governments 231,230,850 Total Assets $ 252,280,477
LIABILITIES: Due to Other Governments $ 235,552,577 Payroll Withholdings 230,380 Other Liabilities 16,497,520 Total Liabilities $ 252,280,477
The notes to the financial statements are an intergral part of this statement.
36 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018
NOTE A -- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Financial Reporting Entity: Greene County is a political subdivision of the State of Ohio formed by an action of the Ohio General Assembly in 1803. The Board of County Commissioners consists of three members and is the legal and executive body of the County. The County Auditor is the chief fiscal officer. In addition, there are seven other elected administrative officials, each of whom is independent as set forth in Ohio law. These officials are Clerk of Courts, Coroner, Engineer, Prosecuting Attorney, Recorder, Sheriff, and Treasurer. There are also two Common Pleas Court Judges, one Domestic Relations Court Judge, one Juvenile Court Judge, and one Probate Court Judge.
The County's basic financial statements include accounts of all officials and activities described above and all other County operations. The County's major operations include human and social services, certain health care and community assistance services, a civil and criminal justice system, road and bridge maintenance, public safety, and general administrative services. In addition, the County operates a water and sewer system.
Component Units: As required by generally accepted accounting principles (GAAP), the financial statements of the reporting entity include those of Greene County, the primary government, and its component units. The County complies with the provisions of Governmental Accounting Standards Board (GASB) Statement No. 14, 39, and 61 in defining the reporting entity. Based on these criteria, the County has no component units.
Related Organizations: Greene County officials are responsible for appointing the members of the boards of other organizations, but the County's accountability for these organizations does not extend beyond making the appointments of the following organizations:
Greene County Park District - The three Park Commissioners are appointed by the Probate Judge. During 2018, the County did not contribute any money to the Park District.
Greene County Public Library Board - The seven trustees are appointed by County officials. Three trustees are appointed by judges of the Court of Common Pleas, and four trustees are appointed by the County Commissioners. During 2018, the County did not contribute any money to the Library.
Greene County Transit Board - The seven board members are appointed by the County Commissioners. The County contracted with the Transit Board to provide transportation services for eligible individuals. In 2018, the County paid the Transit Board $1,205,943 for services provided under this contract.
Metropolitan Housing Authority - Three of the five board members are appointed by County officials. The Probate Court, Common Pleas Court, and Board of County Commissioners appoint one board member each. The County provided the Housing Authority with $1,060 in 2018. This amount represented rent payments made on behalf of qualifying individuals.
Greene County Regional Airport Authority (Authority): The County Commissioners appoint all seven members of the Authority’s Board. In 2018, the County provided $74,757 in an operating grant and $720,000 in an airport improvement grant to the Authority.
The County Commissioners do not appoint any members to the boards of the Greene County Agricultural Society or Greene Memorial Hospital. However, the County is related financially with each entity in that the County may act as guarantor of debt issued by both organizations.
Basis of Presentation - Government-wide Financial Statements The government-wide financial statements, the Statement of Net Position and the Statement of Activities, report information on all of the non-fiduciary activities of the primary government. Governmental activities, which are normally supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support.
The Statement of Activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2) operating or capital grants and contributions that
37 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not included among program revenues are reported instead as general revenues.
As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. The exceptions to this general rule are charges between the government’s water and sewer functions and various other functions of the government. Elimination of these charges would distort the direct costs and program revenues reported for the various functions.
Basis of Presentation - Fund Financial Statements The County segregates transactions related to certain functions or activities in separate funds in order to aid financial management and to demonstrate legal compliance. Separate statements are presented for governmental, proprietary and fiduciary activities. These statements present each major fund as a separate column on the fund financial statements and all non-major funds are aggregated and presented in a single column.
Governmental funds are those funds through which most governmental functions typically are financed. The measurement focus of governmental funds is on the sources, uses and balance of current financial resources. The County has presented the following major governmental funds: General - This is the primary operating fund of the County. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The general fund balance is available to the County for any purpose provided it is expended or transferred according to the general laws of Ohio.
Motor Vehicle Road and Bridge (MVGT) - This fund accounts for monies received by the County for state gasoline tax, vehicle registration fees and a property tax levy used for County road and bridge maintenance, construction and improvements.
Department of Job and Family Services - This fund accounts for a number of state and federal grants as well as County monies used to provide public assistance to general relief recipients and to pay their providers of medical assistance and certain public social services.
Children Services - This fund accounts for state and federal grants and a property tax levy used for programs that benefit disadvantaged youth in the County.
Board of Developmental Disabilities - This fund is used to account for federal and state grants and a property tax levy in order to provide care and services to individuals who are developmentally disabled.
Proprietary funds are used to account for those County activities that are similar to those often found in the private sector. The measurement focus is upon determination of net income, financial position, and changes in financial position. The County has presented the following major proprietary funds:
Water - This fund is used to account for revenues and expenses related to water services provided to residents of the County not already served by other local water operations.
Sewer - This fund is used to account for revenues and expenses related to sewer services provided to residents of the County not already served by other local waste water operations.
Additionally, the government reports the following fund types:
Internal service fund – Internal service fund accounts for the financing of services provided by one department or agency to other departments or agencies of the County on a cost-reimbursement basis. The County’s internal service fund reports health insurance activity.
38 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Agency funds - These funds are custodial in nature (assets equal liabilities) and do not involve measurement or results of operations. These funds include: payroll, undivided tax, political subdivision and other agency funds. These funds include monies held by the County which are due to other individuals, agencies or governments.
The accompanying financial statements of the County are prepared in conformity with GAAP for local government units as prescribed in statements and interpretations issued by GASB and other recognized authoritative sources.
Measurement Focus and Basis of Accounting: The government-wide financial statements and fund financial statements for proprietary funds are reported using the economic resources measurement focus and the accrual basis of accounting. All assets and deferred outflows of resources and all liabilities and deferred inflows of resources associated with the operation of the County are included on the Statement of Net Position. Under the accrual basis of accounting, revenues are recognized when earned, if measurable, and expenses are recognized as incurred, regardless of the timing of related cash flows. Fiduciary fund financial statements, for agency funds, are reported using the accrual basis of accounting, but unlike other funds, use no measurement focus.
Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose the County considers revenues to be available if they are collected within sixty (60) days of the end of the current fiscal period. Revenues accrued at the end of the year include charges for services, licenses and permits, fines and forfeitures, intergovernmental revenues, investment earnings, property taxes, sales taxes and special assessments. All other revenue items are considered to be measurable and available only when cash is received by the government. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences, pension and OPEB expense and claims and judgments, are recorded only when payment is due.
Proprietary funds separate all activity into two categories: operating and non-operating revenues and expenses. Operating revenues and expenses result from providing services and producing and delivering goods. Non-operating revenues and expenses entail all other activity not included in operating revenues and expenses. Non-operating revenues and expenses include capital and noncapital financing activities and investing activities.
Budgetary Accounting and Control: Under Ohio Law, the Board of County Commissioners must adopt an appropriation budget by January 1 of a given year, or adopt a temporary appropriation measure with final passage of a permanent budget by April 1, for all funds except Fiduciary Fund types. Each County department prepares an original budget that is approved by the Board of County Commissioners. All modifications to the original budget must be requested by departmental management and approved by the Board of County Commissioners throughout the year. The original budget and all budgetary amendments and supplemental appropriations necessary during 2018 are included in the final budget amounts presented in the budget to actual comparisons.
The County maintains budgetary control within an organizational unit and fund by not allowing expenditures and encumbrances to exceed appropriations at the object level (legal level of control). Unencumbered and unexpended appropriations lapse at year end. Encumbrances outstanding at year end are carried forward to the following year. The prior year appropriations corresponding to these encumbrances are also carried forward as part of the budgetary authority for the next year and are included in the budget amounts shown in the budget to actual comparisons.
The County's budgetary process accounts for certain transactions on a basis other than GAAP. Differences in the accrual and the modified accrual basis of accounting arise in the recognition of revenue, in the recording of deferred outflows/inflows of resources, and in the presentation of expenses versus expenditures.
The actual results of operations compared to the original and revised appropriation as approved by the Board of County Commissioners for the General Fund and all major Special Revenue Funds by expenditure function and revenue sources are presented in the Statement of Revenues, Expenditures and Changes in Fund Balances-Budget (Non-GAAP Basis) and Actual.
39 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Pooled Cash and Cash Equivalents and Related Investments: Cash resources of the individual funds are combined to form a pool of cash and investments which is managed by the County Treasurer. Individual fund integrity is maintained through the County’s records. Each fund’s interest in the pool is presented as “Equity in Pooled Cash and Cash Equivalents” on the combined balance sheet. Investments in the pooled cash and cash equivalents consists of federal agency instruments, STAR Ohio, money market funds, Greene County issued bonds, commercial paper, and repurchase agreements. Except for nonparticipating investment contracts, investments are recorded at fair value. Nonparticipating investment contracts, such as repurchase agreements and nonnegotiable certificates of deposit, are reported at cost. Interest earned on investments is accrued as earned and distributed to funds eligible to receive interest by the ORC utilizing a formula based on the average balance of cash and cash equivalents of all funds. For purposes of the statement of cash flows, the proprietary fund considers all highly liquid investments (including restricted assets) with a maturity of three months or less when purchased to be cash equivalents.
The County has invested funds in the State Treasury Asset reserve of Ohio (STAR Ohio) during 2018. STAR Ohio is an investment pool managed by the State Treasurer’s Office which allows governments within the State to pool their funds for investment purposes. STAR Ohio is not registered with the SEC as an investment company, but has adopted GASB Statement No. 79, “Certain External Investment Pools and Pool Participants”. The County measures their investment in STAR Ohio at the net asset value (NAV) per share provided by STAR Ohio. The NAV per share is calculated on an amortized cost basis that provides an NAV per share that approximates fair value.
For the County’s investments in STAR Ohio and open-end mutual funds, fair value is determined by the share price. There are no limitations or restrictions on withdrawals from these investments due to redemption notice periods, liquidity fees, or redemption gates. STAR Ohio does require notice to be given 24 hours in advance for all deposits or withdrawals exceeding $25 million. STAR Ohio reserves the right to limit the transaction to $100 million, requiring the excess amount to be transacted the following business day(s), but only to the $100 million limit. All accounts of the STAR Ohio investors will be combined for these purposes.
Inventory of Supplies: Inventory consists of expendable supplies held for consumption. All inventories are valued at cost using the first in/first out (FIFO) method. The costs of inventory items are recorded as expenses in the enterprise funds when used.
Prepaid Items: Payments made to vendors for services that will benefit periods beyond December 31, 2018 are recorded as prepaid items using the consumption method. A current asset for the prepaid amount is recorded at the time of purchase and expenditure is reported in the year in which services are consumed.
Restricted Assets: Restricted assets occur only in the water and sewer funds. They consist of funds reserved for the debt service requirements on water and sewer bond issues, the redemption of matured bond coupons and funds reserved for the purpose of future construction.
Capital Assets: Capital assets, which include property, plant, equipment, and infrastructure assets, are reported in the applicable governmental or business-type activities columns in the government-wide financial statements and in the fund financial statements for proprietary funds. Capital assets are defined by the County as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of one year. Assets are recorded at historical cost or estimated historical cost if historical cost is not available. Donated capital assets are valued at their acquisition value as of the date received. Cost of normal maintenance and repairs that do not add to the value of the asset or materially extend the asset’s life are not capitalized. The County depreciates assets on a straight line basis using the following estimated useful lives:
Description Estimated Lives Equipment, Furniture and Fixtures 5-50 years Buildings, Structures and Improvements 30-50 years Improvements Other than Buildings 30-50 years
40 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Infrastructure assets are reported as part of Capital Assets Not Being Depreciated in the governmental activities column. Infrastructure reported in the governmental activities column consists of County roads and bridges. These assets are presented using the modified approach and, therefore, are not depreciated. In addition, expenses made by the County to preserve existing roads or bridges are expensed rather than capitalized. Only expenses for additions or improvement are capitalized. Additional disclosures about the condition assessments and maintenance cost regarding the County’s roads and bridges appear in the Required Supplementary Information. Infrastructure in the business-type activities column is classified as improvements other than buildings and consists of water and sewer lines.
Capitalization of Interest: The County's policy is to capitalize net interest cost on Enterprise Fund construction projects until substantial completion of the project. For 2018, no such interest costs were capitalized on construction projects for Enterprise Funds.
Accrued Wages and Benefits and Long-Term Liabilities: In general, governmental fund payables and accrued liabilities are reported as obligations of the funds regardless of whether they will be liquidated with current resources. However, claims and judgments, compensated absences, special termination benefits and contractually required pension and OPEB obligations are reported in the governmental fund financial statements only to the extent they are due and payable at year end. Also, bonds and long-term loans are not recognized as a liability in the governmental fund financial statements until payment is due.
Long-term debt and other obligations financed by proprietary funds are reported as liabilities in the appropriate proprietary fund. Also, all such obligations are reported in the entity-wide statements.
Bond Discounts, Premiums: On the government-wide financial statements (and in the enterprise funds), bond premiums and discounts are amortized over the term of the bonds using the straight-line (bonds outstanding) method, which approximates the effective interest method. Bond premiums/discounts are presented as additions/reductions to the face amount of bonds payable.
On the governmental fund financial statements, bond premiums and discounts are recognized in the period when the debt is issued. Note premiums are presented as an addition to the face of the notes payable.
Deferred Outflows/Inflows of Resources: In addition to assets, the statements of financial position will sometimes report a separate section for deferred outflows of resources. Deferred outflows of resources, represents a consumption of net position that applies to a future period and will not be recognized as an outflow of resources (expense/expenditure) until then. For the County, deferred outflows of resources include deferred charges on debt refunding, pension and OPEB. A deferred charge on refunding results from the difference in the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt. The deferred outflows of resources related to pension and OPEB are explained in Notes H and I.
In addition to liabilities, the statements of financial position report a separate section for deferred inflows of resources. Deferred inflows of resources represent an acquisition of net position that applies to a future period and will not be recognized as an inflow of resources (revenue) until that time. For the County, deferred inflows of resources include property taxes, pension, OPEB, and unavailable revenue. Property taxes represent amounts for which there is an enforceable legal claim as of December 31, 2018, but which were levied to finance year 2019 operations. These amounts have been recorded as a deferred inflow on both the government-wide statement of net position and the governmental fund financial statements. Unavailable revenue is reported only on the governmental funds balance sheet, and represents receivables which will not be collected within the available period. For the County unavailable revenue includes delinquent property taxes, permissive sales taxes, special assessments, grants and entitlements, interest, and other miscellaneous accounts receivables. These amounts are deferred and recognized as an inflow of resources in the period the amounts become available. Deferred inflows related to pension and OPEB are reported in the government-wide and proprietary statements of net position. (See Notes H and I)
Pension and Other Postemployment Benefits (OPEB): For purposes of measuring the net pension and net OPEB liabilities, deferred outflows of resources and deferred inflows of resources related to pensions and OPEB, and pension and OPEB expenses, information about the fiduciary net position of the pension and OPEB plans and addition to/deductions from their fiduciary net position have been determined on the same basis as they are reported by the
41 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
pension and OPEB plans. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. The pension and OPEB plans report investments at fair value.
Special Assessments: The County applies the provisions of GASB Statements No. 6 and 33 in accounting for and reporting special assessments and related transactions. The County's Special Assessment Bonds are secured by liens on assessed properties and are also backed by the full faith and credit of the County as additional security. Accordingly, they are accounted for and reported in the government-wide financial statements as Matured Special Assessment with Governmental Commitment Bonds and Current and Noncurrent Liabilities in the appropriate column for governmental and business-type activities based on the purpose of the assessment. The accumulation of resources for, and the payment of, principal and interest on these bonds are accounted for and reported in the Debt Service Funds for governmental activities and in the water and sewer funds, as appropriate. Capital improvements financed by special assessments are accounted for and reported in the governmental or business-type activities column based on the purpose of the assessments. In government-wide financial statements, special assessments revenues are accounted for and reported in the fund that best reflects the nature of the transactions and are treated like user fees. In business-type activity financial statements, special assessments revenues are accrued and recognized in full upon completion of the construction project. The amount of delinquent special assessments receivable as of December 31, 2018 is $70,707.
Grants and Other Intergovernmental Revenues: The County applies GASB Statement No. 33, “Accounting and Financial Reporting for Nonexchange Transactions,” in accounting for and reporting intergovernmental revenue transactions. The governmental fund financial statements report these revenues when entitlement to the money has occurred and all grant requirements have been met, if received during the availability period. In the entity wide and proprietary fund financial statements these revenues are recognized when entitlement to the money has occurred and grant requirements have been met, regardless of the timing of the revenues.
Sales Tax: The Board of Greene County Commissioners, under the authority of the Ohio Revised Code, levied a 1% sales tax. This tax is collected by the State of Ohio, then remitted to the County on a monthly basis. Sales tax revenue is accounted for in the General Fund and provides financing for current operating expenses and supports several county programs and activities. Revenues from this tax are recognized using the modified accrual basis of accounting in the governmental fund financial statements and on the accrual basis in the government-wide financial statements in the governmental activities column.
Interest Income: Per the Ohio Revised Code, the County has specified the funds to receive an allocation of interest earnings. In 2018, interest earnings credited to the General Fund prior to fair value recognition amounted to $2,518,365, including $1,976,447 assigned from other County funds. Interest revenue credited to the Motor Vehicle, Road & Bridge fund amounted to $51,600. Other non-major governmental funds earned $1,071 in interest earnings.
Compensated Absences: The County adopted GASB Statement No. 16, “Accounting for Compensated Absences.” Vacation benefits are accrued as a liability as the benefits are earned if the employee’s rights to receive compensation are attributable to services already rendered and it is probably that the County will compensate the employees for the benefits through paid time off or some other means. Sick leave benefits are accrued using the termination method. An accrual for earned sick leave is made to the extent it is probable that benefits will result in termination payments. The liability is an estimate based on the County’s past experience of making termination payments.
County employees earn the same sick leave rate, but vacation rates vary depending on length of service and departmental policy. Upon retirement after a minimum of ten (10) years of service, employees are paid between twenty-five percent (25%) and fifty percent (50%) of their accrued sick leave up to a maximum of 60 days depending on the employees’ length of service. Vacation time is vested for employees after a minimum of one (1) year of service. Unused vacation may be accumulated up to three (3) years according to Ohio law. All sick leave and vacation compensation is made at the employee's current wage rate.
42 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Compensated absences are accrued when incurred in the government-wide financial statements and in the proprietary funds. In the governmental fund financial statements, the portion of the liability which is matured and payable is included in the accrued wages and benefits liability and the unmatured portion is not reported. Compensated absences and Net Pension Liabilities will be paid from the General Fund, Motor Vehicle Road & Bridge, Dog & Kennel, Department of Job & Family Services, Real Estate Assessment, Environmental Services, Drug Law Enforcement, Children Services, Board of Developmental Disabilities, Child Support Enforcement Agency, County Home, County Hotel Lodging, Adult Day Care, Juvenile Court Grants, Victim Witness, Common Please Grants, Family & Children First Council, and Emergency Management Grants.
Self-Insurance: The County is self-insured for employee health care benefits. See Note N for additional information.
Fund Balance: Fund balance is divided into five classifications based primarily on the extent of which the County is bound to observe constraints imposed upon the use of the resources in the government funds. The classifications are as follows:
Nonspendable - The nonspendable fund balance classification includes amounts that cannot be spent because they are not in spendable form, or legally or contractually required to be maintained intact. The nonspendable fund balance includes long-term interfund loans and the principal of trust funds.
Restricted - The restricted fund balance classification includes amounts that have constraints place on the use of resources that are either externally imposed by creditors such as through debt covenants, grantors, contributors, or laws or regulations of other governments or imposed by law through constitutional provisions or enabling legislation (County resolutions).
Enabling legislation authorizes the County to assess, levy, charge or otherwise mandate payment of resources (from external resource providers) and includes a legally enforceable requirement that those resources be used only for the specific purposes stipulated in the legislation. Legal enforceability means that the County can be compelled by an external party, such as citizens, public interest groups, or the judiciary to use resources created by enabling legislation only for the purposes specified by the legislation.
Committed - The committed fund balance classification includes amounts that can be used only for specific purposes imposed by formal action (resolution) of the County Commissioners. Those committed amounts cannot be used for any other purpose unless the Commissioners amend and approve another resolution. In contrast to fund balance that is restricted by enabling legislation, committed fund balance classification may be redeployed for other purposes with appropriate due process. Constraints imposed on the use of committed amounts are imposed by the County Commissioners or Board, separate from the authorization to raise the underlying revenue; therefore, compliance with these constraints are not considered to be legally enforceable. Committed fund balance also incorporates contractual obligations to the extent that existing resources in the fund have been specifically committed for the use in satisfying those contractual requirements.
Assigned - Amounts in the assigned fund balance classification are intended to be used by the County for specific purposes but do not meet the criteria to be classified as restricted or committed. In governmental funds other than the general fund, assigned fund balance represents the remaining amount that is not restricted or committed. In the general fund, assigned amounts represent intended uses established by the County commissioners or a County official delegated that authority by resolution or by State statute. State statute authorizes the fiscal officer to assign fund balance for purchases on order provided such amounts have been lawfully appropriated.
Unassigned - The unassigned fund balance classification is intended for the General fund and includes all spendable amounts not contained in the other classifications. In other governmental funds, the unassigned fund balance classification is used only to report a deficit balance resulting from overspending for specific purposes of which amount had been restricted or committed.
43 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
The County applies restricted resources first when expenditures are incurred for the purposes for which either restricted or unrestricted (committed, assigned and unassigned) amounts are available. Similarly, within unrestricted fund balance, committed amounts are reduced first, followed by assigned and unassigned amounts when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classification could be used.
Interfund Balances/Activity: On fund financial statements, receivable and payables arising between funds for goods provided or services rendered, are classified as “due from other funds / due to other funds”. “Interfund receivables / payables” represent the current portion of a loan made by one fund to another. Long-term interfund loans are classified as “advances to / from other funds” and are classified as non-spendable fund balance which indicates that they are not in spendable form even though it is a component of net current assets. Interfund receivables and payables within governmental activities and within business type activities are eliminated on the government-wide statement of net position; any residual balances outstanding between the governmental activities and business type activities are reported as “internal balances:
Exchange transactions between funds are reported as revenues in the seller funds and as expenditures/expenses in the purchaser funds. Flows of cash or goods from one fund to another without a requirement for repayment are reported as interfund transfers. Interfund transfers are reported as other financing sources/uses in governmental funds and after nonoperating revenues/expenses in the proprietary funds. Repayments from funds responsible for particular expenditures/expenses to the funds that initially paid for them are not presented on the financial statements.
Estimates: The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make certain estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results may differ from those estimates.
Net Position: Net position represents the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net investment in capital assets consists of capital assets, net of accumulated depreciation, reduced by the outstanding balances of any borrowings used for the acquisition, construction or improvements of those assets. Net position is reported as restricted when there are limitations imposed on their use either through the enabling legislation adopted by the County or through external restrictions imposed by creditors, grantors, laws or regulations of other governments.
The County applies restricted resources first when an expense is incurred for purposes for which both restricted and unrestricted net position are available. The County’s sewer and water enterprise funds have restricted net position relative to those resources necessary to comply with various covenants of bond financing agreements.
NOTE B -- CASH AND CASH EQUIVALENTS, INVESTMENTS AND DEPOSITS
Monies held by the County are classified by state statute into two categories. Active monies means an amount of public monies determined to be necessary to meet current demand upon the County treasury. Active monies must be maintained either as cash in the County treasury, in commercial accounts payable or withdrawable on demand, including negotiable order of withdrawal (NOW) accounts, or in money market deposit accounts. Monies held by the County that are not considered active are classified as inactive. Inactive monies are invested in authorized securities in accordance with the Greene County Investment Policy.
Deposits Deposits include amounts held in demand accounts and savings accounts. At year-end, the carrying amount of the County’s deposits was $41,194,168, which includes $3,000 in undeposited cash on hand which is included as part of “Equity in Pooled Cash and Cash Equivalents”. The bank balances totaled $42,404,623.
Custodial credit risk is the risk that, in the event of a bank failure, the government’s deposits may not be returned. Protection of the County’s deposits may be provided by the Federal Deposit Insurance Corporation (FDIC), by eligible securities pledged by the financial institution as security for repayment, by surety company bonds deposited with the County Treasurer by the financial institution or by a single collateral pool established by the financial institution to secure the repayment of all public monies deposited with the institution that are not FDIC insured. Of the bank balances, $2,740,540 was insured by FDIC. The remaining balance of $39,664,083 was collateralized with securities held in
44 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
single financial institution collateral pools in the name of the respective depository bank and pledged as a pool of collateral against all the public moneys it holds that are not FDIC insured. All county demand deposits were either insured or collateralized, in accordance with state law and the County’s investment policy.
Investments Monies held by the County which are not considered active are classified as inactive. Inactive monies may be deposited or invested in the following securities under both the County’s policy and the ORC:
1. United States Treasury notes, bills, bonds, or any other obligation or security issued by the United States Treasury or any other obligation guaranteed as to principal or interest by the United States, or any book entry, zero-coupon United States treasury security that is a direct obligation of the United States;
2. Bonds, notes, debentures, or any other obligations or securities issued by any federal government agency or instrumentality, including, but not limited to, the Federal National Mortgage Association, Federal Home Loan Bank, Federal Farm Credit Bank, Federal Home Loan Mortgage Corporation, Government National Mortgage Association, and Student Loan Marketing Association. All federal agency securities shall be direct issuances of federal government agencies or instrumentalities;
3. Written repurchase agreements in the securities listed above provided that the market value of the securities subject to the repurchase agreement must exceed the principal value of the agreement by at least 2% and be marked to market daily, and that the term of the agreement must not exceed thirty days;
4. Bonds and other obligations of the State of Ohio or its political subdivisions, provided that such political subdivisions are located wholly or partly within the County;
5. Time certificates of deposit or savings or deposit accounts, including, but not limited to, passbook accounts;
6. No-load money market mutual funds consisting exclusively of obligations described in division (1) or (2) and repurchase agreements secured by such obligations, provided that investments in securities described in this division are made only through eligible institutions;
7. The State Treasurer’s investment pools (STAR Ohio);
8. Securities lending agreements in which the County lends securities and the eligible institution agrees to exchange either securities described in division (1) or (2) or cash or both securities and cash, equal value for equal value; lending agreements in which the County lends securities and the eligible institution agrees to exchange either securities described in division (1) or (2) or cash or both securities and cash, equal value for equal value;
9. High grade commercial paper in an amount not to exceed 25% of the County’s total average portfolio;
10. Bankers’ acceptances for a period not to exceed 270 days and in an amount not to exceed 25% of County’s total average portfolio.
Investments in stripped principal or interest obligations, reverse repurchase agreements and derivatives are prohibited. The issuance of taxable notes for the purpose of arbitrage, the use of leverage and short selling are also prohibited. All County investments are in an internal investment pool. As of December 31, 2018, the County had the following investments:
45 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Investment Maturities (in Years) Percent Measurement of Total Value Less than 1 1-3 Greater than 3 Investments Federal National Mortgage Association Notes $16,640,675 $4,942,420 $11,698,255 13.09% Federal Home Loan Bank Notes 40,721,415 38,720,835 2,000,580 32.03% Federal Home Loan Mortgage Notes 50,019,768 3,987,160 42,295,613 3,736,995 39.35% Federal Farm Credit Bank Notes 11,169,704 11,169,704 8.79% Commercial Paper 4,961,450 4,961,450 3.90% Greene County Bonds 16,492 16,492 0.01% STAROhio 1,650,505 1,650,505 1.30% Money Market Funds 1,939,157 1,939,157 1.53% Total Investments $127,119,166 $17,480,692 $103,884,407 $5,754,067
Interest rate risk: The County Investment Policy and state statute requires that investments mature within five years from the date of purchase, unless matched to a specific obligation or debt of the County. State statute limits investment in commercial paper to a maximum maturity of 180 days from the date of purchase. Repurchase agreements are limited to 30 days and the market value of the securities must exceed the principal value of the agreement by at least 2% and be marked to market daily.
Credit risk: The Federal National Mortgage Association Notes, Federal Home Loan Mortgage Corporation Notes, Federal Farm Credit Bank Notes and Federal Home Loan Bank Notes carry a rating of AA+ by Standard and Poor’s and Aaa by Moody’s Ratings. The Commercial Paper carry a rating of A1 by Standard and Poor’s and 1 by Moody’s Ratings. Ohio law requires that STAROhio maintain the highest rating provided by at least one nationally recognized standard rating service and that the money market mutual fund be rated in the highest category at the time of purchase by at least one nationally recognized standard rating service. Standard and Poor’s rating for STAROhio was AAAm.
Custodial credit risk: For an investment, custodial risk is the risk that, in the event of the failure of the counterparty, the County will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. The Federal National Mortgage Association Notes, Federal Home Loan Mortgage Corporation Notes, Federal Farm Credit Bank Notes Federal Home Loan Bank Notes and Commercial Paper are exposed to custodial credit risk in that they are uninsured, unregistered, and held by the counterparty’s trust department or agent but not in the County’s name. In order to mitigate this risk, the County’s investment policy requires investments be purchased only through an approved broker/dealer or institution. Further, payment for investments is made only upon delivery of the securities representing the investments to the Treasurer or qualified trustee or, if the securities are not represented by a certificate, upon receipt of confirmation of transfer from the custodian.
Concentration of credit risk: The County’s investment policy provides for diversification to avoid undue concentration in securities of one type of securities of one financial institution. This restriction does not apply to obligations guaranteed by the U.S. government. The County places no limit on the amount it may invest in any one issuer; however state statute limits investments in commercial paper and banker’s acceptances to 25% of the interim monies available for investment at any one time.
46 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Cash and Cash Equivalents/Deposits Investments
GASB Statement No. 9 $168,313,334 $0 Investments: Federal Agency Instrustments (118,551,562) 118,551,562 Commercial Paper (4,961,450) 4,961,450 Greene County Bonds (16,492) 16,492 STAR Ohio (1,650,505) 1,650,505 Money Market Funds-Sweep Account (1,939,157) 1,939,157 GASB Statement No. 3 $41,194,168 $127,119,166
NOTE C – FAIR VALUE MEASUREMENT
The County’s investments measured and reported at fair value are classified according to the following hierarchy:
Level 1 – Investments reflect prices quoted in active markets. Level 2 – Investments reflect prices that are based on a similar observable asset either directly or indirectly, which may include inputs in markets that are not considered to be active. Level 3 – Investments reflect prices based upon unobservable sources.
The categorization of investments within the hierarchy is based upon the pricing transparency of the instrument and should not be perceived as the particular investment risk.
Debt, equities, and investment derivatives classified in Level 1 of the fair value hierarchy are valued directly from a predetermined primary external pricing vendor. Assets classified in Level 2 are subject to pricing by an alternative pricing source due to lack of information available by the primary vendor. Mortgage and asset backed securities classified in Level 3, due to lack of an independent pricing source, are valued using an internal fair value as provided by the investment manager.
Quoted Prices in Significant Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Total (Level 1) (Level 2) (Level 3) Federal National Mortgage Association Notes $16,640,675 $16,640,675 Federal Home Loan Bank Notes 40,721,415 40,721,415 Federal Home Loan Mortgage Notes 50,019,768 50,019,768 Federal Farm Credit Bank Notes 11,169,704 11,169,704 Commercial Paper 4,961,450 4,961,450 Greene County Bonds 16,492 16,492 Total Investments $123,529,504 $123,513,012 $16,492 $0
At December 31, 2018 the County had $1,650,505 on deposit with STAR Ohio and $1,939,157 on deposit with various money market funds (sweep accounts). These investments are included in the “Equity in Pooled Cash and Cash Equivalents” amounts on the statements of net position. Additionally, both investments are measured at amortized cost; therefore, they are not included in the tables above.
47 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
NOTE D -- INTERFUND TRANSERS AND BALANCES
Transfers are used to move money from one fund of the County to another fund of the County. Transfers originating from the general fund are made to subsidize programs of the County which are accounted for in other funds through budget authorizations or are required by statute; or to distribute interest to funds which have earned interest, but under state statute are not authorized to receive interest. Other transfers made include moving monies for capital projects, debt service requirements, returning the unused portion of a transfer once a project is completed.
Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly applicable to another fund are recorded as expenditures/expenses in the reimbursing fund and as reductions of expenditures/expenses in the fund that is reimbursed.
Interfund transfers for the year ended December 31, 2018 consisted of the following:
Transfers From Other Governmental Transfers To General Funds Total General $ 54,723 $ 54,723 Job & Family Services $ 278,777 278,777 Water 28,813 28,813 Sewer 63,935 63,935 Internal Service 484 484 Other Governmental Funds 3,753,929 392,531 4,146,460 Total $ 4,125,938 $ 447,254 $ 4,573,192
Interfund balances for the year ended December 31, 2018 consisted of the following amounts.
The balances in the Due From/Due To schedule resulted from the time lag between the dates that (1) interfund goods or services are provided or reimbursable expenditures occur, (2) transactions are recorded in the accounting records, and (3) payments between funds are made. All are expected to be paid within one year.
The balances in the Interfund receivable schedule resulted from short-term interfund loans to cover cash flow issues in certain funds, and principal outstanding on manuscript debt securities that were debt issued in 2018 by the County and self-acquired by the County Treasurer. The manuscript debt component consists of an $82,000 note with a 3.2% interest rate that was issued on October 24, 2018 and maturing on October 24, 2019. The purpose of the manuscript debt was to refund a portion of the outstanding principal amount of an existing series of bond anticipation notes, issued on October 24, 2017 and matured on October 24, 2018, which the original proceeds were used to finance ice arena improvements at the Nutter Center. All are expected to be repaid within one year.
48 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Due From Due To Other Funds Other Funds Governmental: General $ 88,417 $ 328,048 Motor Vehicle, Road and Bridge 29,306 12,624 Department of Job and Family Services 65,480 30,825 Children Services 3,046 15,118 Board of Developmental Disabilities 80,144 3,738 Other Governmental Funds 139,534 56,508 Total Governmental Activities 405,927 446,861 Proprietary Funds: Water 21,512 3,411 Sewer 26,995 4,162 Total Proprietary Funds 48,507 7,573 Total Due To/From Other Funds $ 454,434 $ 454,434 Interfund Interfund Receivable Payable Governmental: General 356,228 Other Governmental Funds 356,228 Total Governmental Activities 356,228 356,228
NOTE E -- CAPITAL ASSETS
Capital asset activity for the year ended December 31, 2018 was as follows:
Balance at Balance at 12/31/17 Additions Deductions 12/31/18 Governmental Activities Capital Assets, Not Being Depreciated Land $2,451,528 $125,200 ($12,470) $2,564,258 Infrastructure 131,337,294 131,337,294 Total Capital Assets, Not Being Depreciated 133,788,822 125,200 (12,470) 133,901,552 Capital Assets, Being Depreciated Buildings, Structures and Improvements 41,617,584 (707,750) 40,909,834 Equipment, Furniture and Fixtures 13,688,887 2,018,867 (1,177,251) 14,530,503 Total Capital Assets, Being Depreciated 55,306,471 2,018,867 (1,885,001) 55,440,337 Less Accumulated Depreciation Buildings, Structures and Improvements (18,078,301) (822,983) 592,149 (18,309,135) Equipment, Furniture and Fixtures (9,385,571) (999,518) 1,043,787 (9,341,302) Total Accumulated Depreciation (27,463,872) (1,822,501) * 1,635,936 (27,650,437) Total Capital Assets, Being Depreciated, Net 27,842,599 196,366 (249,065) 27,789,900 Governmental Activities Capital Assets, Net $161,631,421 $321,566 ($261,535) $161,691,452
49 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
* Depreciation expense was charged to governmental functions as follows:
Legislative and Executive $492,794 Judicial 159,058 Public Safety 554,258 Public Works 397,076 Health 31,193 Human Services 64,812 Conservation and Recreation 85,831 Community and Economic Development 37,479 Total Depreciation Expense $1,822,501
Balance at Balance at 12/31/17 Additions Deductions 12/31/18 Business-Type Activities Capital Assets, Not Being Depreciated Land $2,093,282 $2,093,282 Construction in Progress 4,128,473 4,815,588 (8,567,681) 376,380 Total Capital Assets, Not Being Depreciated 6,221,755 4,815,588 (8,567,681) 2,469,662
Capital Assets, Being Depreciated Buildings, Structures and Improvements 14,218,410 14,218,410 Improvements Other Than Buildings 355,062,860 9,255,463 364,318,323 Equipment, Furniture and Fixtures 13,589,209 633,656 (326,462) 13,896,403 Total Capital Assets, Being Depreciated 382,870,479 9,889,119 (326,462) 392,433,136
Less Accumulated Depreciation: Buildings, Structures and Improvements (8,155,598) (284,145) (8,439,743) Improvements Other Than Buildings (118,866,242) (7,394,295) (126,260,537) Equipment, Furniture and Fixtures (12,143,418) (299,729) 321,401 (12,121,746) Total Accumulated Depreciation (139,165,258) (7,978,169) * 321,401 (146,822,026)
Total Capital Assets, Being Depreciated, Net 243,705,221 1,910,950 (5,061) 245,611,110
Business-Type Activities Capital Assets, Net $249,926,976 $6,726,538 ($8,572,742) $248,080,772
* Depreciation expense was charged to business-type activities as follows:
Water $2,580,252 Sewer 5,397,917 Total Depreciation Expense $7,978,169
50 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
NOTE F -- BOND ANTICIPATION NOTES
Bond anticipation notes in the proprietary funds were used to construct water extensions. These notes were paid off when long term bonds were issued at the completion of the project (See Note G). Bond anticipation note activity for the year ended December 31, 2018 follows:
Interest Balance Balance Rate 1/1/2018 Issued Retired 12/31/2018 Proprietary Funds: Nathanial's Grove Water Main Extension 2.00% $990,000 $0 $990,000 $0
NOTE G -- LONG TERM DEBT AND OTHER OBLIGATIONS
General Obligation Bonds: The County issues general obligation bonds to provide funds for the acquisition and construction of major capital facilities. General obligation bonds have been issued for both governmental and business-type activities.
Governmental general obligation bonds are secured by the County's ability to levy a voted or unvoted property tax within limitations of Ohio law, and are direct obligations and pledge the full faith and credit of the County. General obligation bonds issued relating to the Greene Town Center are secured by tax increment financing agreement with Greene Towne Center LLC, special assessment revenues received by the City of Beavercreek, and additional security provided by the County’s ability to levy a voted or unvoted property tax within limitations of Ohio Law. The assets related to the Greene Towne Center are not assets of the County, however, the bonds are direct obligations and full faith and credit of the County. Proprietary general obligation bonds are also secured by the County's ability to levy a voted or unvoted property tax within limitations of Ohio law, and are direct obligations and pledge the full faith and credit of the County. However, the County expects that the debt serviced on these proprietary general obligations bonds, as unvoted general obligation debt of the County, will in fact be paid from sources other than ad valorem property tax. More specifically, the County expects to pay debt service on these bonds from rates and charges derived from its water and sewer system and in the related Enterprise Fund. Should these system revenues, for any reason, become insufficient to pay debt services on the proprietary general obligation bonds, the County is required by Ohio law to levy and collect ad valorem taxes to pay such debt service.
General obligation bonds currently outstanding are as follows: Original Issue Year Issued Interest Rate Amount Governmental Activities: Greene Town Center - Infrastructure 2007 4.25% - 5.0% $6,000,000 Various Purpose 2007 4.25% - 5.25% 9,610,000 Various Purpose 2010 3.25% - 5.0% 2,960,000 Greene Town Center - Infrastructure 2011 2.0% - 3.7% 7,800,000 Greene Town Center - Infrastructure 2015 1.5-3.0% 3,955,000 Business-type Activities: Water System Bonds 2010 3.25 - 5.0% $10,945,000 Sewer System Bonds 2010 3.25% - 5.0% 1,855,000 Sewer System Bonds 2013 1.00% - 3.42% 51,015,000 Sewer System Bonds 2013 1.00% - 3.625% 7,115,000 Water System Bonds 2013 5.00% 11,290,000 Water System Bonds 2016 2.00% 5,615,000 Water System Bonds 2017 2.0% - 3.0% 7,615,000
51 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Annual debt service requirements to maturity for general obligation bonds are as follows:
Governmental Activities Year Principal Discount Premium Interest 2019 $1,230,000 ($676) $58,922 $737,931 2020 1,350,000 (2,111) 61,852 696,228 2021 1,400,000 (2,618) 63,979 646,129 2022 1,320,000 (84) 67,816 595,025 2023 1,570,000 (4,054) 70,222 545,790 2024-2028 9,165,000 (29,392) 402,457 1,746,303 2029-2032 2,945,000 13,419 273,134 Total $18,980,000 ($38,935) $738,667 $5,240,540
Business-type Activities Year Principal Discount Premium Interest 2019 $7,450,000 ($2,500) $73,495 $1,945,420 2020 7,890,000 (5,526) 74,901 1,791,771 2021 6,895,000 (1,826) 71,764 1,595,325 2022 5,800,000 (421) 54,191 1,411,195 2023 6,175,000 (2,780) 55,552 1,247,501 2024-2028 18,010,000 (23,723) 181,604 3,692,375 2029-2033 7,185,000 (31,514) 64,037 2,060,011 2034-2038 5,485,000 (28,954) 27,507 842,787 2039 820,000 (6,612) 37,925 Total $65,710,000 ($103,856) $603,051 $14,624,310
Special Assessment Bonds: The County issues special assessment bonds to provide funds for the construction of land improvements. Special assessment bonds are secured by an unvoted property tax levy (special assessment), which constitutes a lien on assessed properties. The bonds are also backed by the full faith and credit of the County as additional security. During 2018, the County issued $695,000 in water improvement special assessment bonds related to the Nathanials Grove – Conners water extension. Special assessment bonds currently outstanding are as follows:
Original Issue Year Issued Interest Rate Amount Business-type Activities: Water and Sewer Improvements 1999 5.7% 210,000 Water and Sewer Improvements 2003 4.1% - 4.75% 640,000 Sewer Improvements 2005 3.25% - 4.25% 1,435,000 Water Improvements 2007 6.0% 20,000 Water and Sewer Improvements 2008 5.0% 1,095,000 Water Improvements 2013 3.75% 30,200 Water and Sewer Improvements 2015 2.0-4.0% 955,000 Water Improvements 2017 3.64% 639,776 Water Improvements 2018 4.00% 695,000
52 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Annual debt service requirements to maturity for special assessment bonds are as follows:
Business-type Activities Year Principal Interest 2019 $268,363 $148,826 2020 279,255 124,892 2021 275,379 114,179 2022 281,536 102,988 2023 282,530 91,480 2024-2028 1,080,371 304,565 2029-2033 532,276 128,445 2034-2038 392,708 40,118 Total $3,392,418 $1,055,493
Revenue Bonds: The County issues revenue bonds for business-type activities. The County has pledged future water and sewer revenues, net of specified operating expenses, to repay these revenue bonds. The total principal and interest remaining to be paid at December 31, 2018 was $2,749,862 for the water fund and $13,422,640 for the sewer fund. Principal and interest paid during 2018 and total net revenues for the water fund were $914,575 and $2,479,313, respectively. Principal and interest paid during the current year and total net revenues for the sewer fund were $1,214,610 and $7,637,108, respectively. Revenue bonds currently outstanding are as follows:
Original Issue Year Issued Interest Rate Amount Water System 2007 3.75% - 5.25% $7,285,000 Sewer System 2007 3.75% - 5.0% 4,875,000 Sewer System 2010 3.5% - 4.5% 6,695,000 Sewer System 2010 4.0% 850,000 Sewer System 2010 4.0% - 5.0% 655,000
Annual debt service requirements to maturity for revenue bonds (Business-type Activities) are as follows:
Business-type Activities Year Principal Discount Premium Interest 2019 $1,690,000 ($7,627) $95,521 $600,498 2020 1,385,000 (2,680) 100,319 522,747 2021 1,870,000 (8,657) 104,254 453,772 2022 1,360,000 (13,329) 29,247 364,860 2023 1,175,000 (10,512) 30,942 306,040 2024-2028 3,940,000 (19,238) 139,451 819,135 2029-2030 1,580,000 (20,338) 105,450 Total $13,000,000 ($82,381) $499,734 $3,172,502
53 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Ohio Water Development Authority (OWDA) Loans and Ohio Public Works Commission (OPWC) Loans: The County has borrowed funds from the Ohio Water Development Authority (OWDA) and Ohio Public Works Commission (OPWC) for the acquisition and construction of water and sewer facilities and infrastructure related to business-type activities. During 2018, the County started one project partially funded by an OPWC loan. The total amount awarded as of December 31, 2018 is reported as OPWC Construction Commitments on the proprietary fund level statements and as a Non-current Liability Due in More than One Year on the entity wide statements. When the project is completed it will be reported with other OWDA/OPWC projects. OWDA and OPWC loans currently outstanding are as follows:
Original Issue Year Issued Interest Rate Amount Shawnee Hills Sewer 2007 3.250% $5,813,772 Cedarville Sewer 2007 3.650% 5,517,997 Beavercreek WRRF 2009 3.340% 7,803,589 Sugarcreek WRRF Force Main 2010 3.400% 4,486,498 NWRWTP Expansion 2012 3.530% 5,875,522 Sugarcreek Sewer 2012 3.110% 40,233,969 CIPP Sanitary Sewer Lining 2013 0.000% 217,000 Lift Station No. 15 Elimination 2016 0.000% 389,914 Public Water Well No. 4 Replacement 2016 0.000% 98,975 Construction Commitments: Gerspacher Storage Tank Recoating 2018 0.000% 274,429
Annual debt service requirements to maturity for OWDA and OPWC Loans (Business-type activities) are follows:
Year Principal Interest 2019 $3,550,477 $1,393,083 2020 3,666,103 1,277,457 2021 3,785,532 1,158,029 2022 3,908,892 1,034,670 2023 4,036,307 907,253 2024-2028 18,829,645 2,639,537 2029-2033 6,649,125 266,157 2034-2038 117,645 2039-2043 114,041 2044-2046 42,395 Total $44,700,162 $8,676,186
54 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Long term debt and other obligations of the county at December 31, 2018 consist of the following:
Restated Balance Balance Due Within Types/Issues January 1, 2018 Increases Decreases December 31, 2018 One Year Governmental Activities: 2007 Greene Towne Center $800,000 $800,000 2011 Greene Towne Center 5,900,000 (345,000) 5,555,000 355,000 2007 Various Purpose 7,320,000 (510,000) 6,810,000 540,000 Premium 714,890 (49,808) 665,082 52,738 Net GO Bond 8,034,890 (559,808) 7,475,082 592,738 2010 Various Purpose 2,520,000 (215,000) 2,305,000 40,000 Discount (42,567) 3,632 (38,935) (676) Net GO Bond 2,477,433 (211,368) 2,266,065 39,324 2015 Greene Towne Center 3,800,000 (290,000) 3,510,000 295,000 Premium 79,665 (6,080) 73,585 6,184 Net GO Bond 3,879,665 (296,080) 3,583,585 301,184 Total General Obligation 21,091,988 (1,412,256) 19,679,732 1,288,246 Compensated Absences 4,393,495 419,681 (480,346) 4,332,830 474,380 Capital Lease 99,761 (49,880) 49,881 49,881 Net Pension Liability 77,698,743 (24,483,879) 53,214,864 Net OPEB Liability 34,439,446 746,891 35,186,337 Total - Governmental Activities $137,723,433 $1,166,572 ($26,426,361) $112,463,644 $1,812,507 Business-type Activities: General Obligation Bonds: 2010 Water System $10,385,000 ($260,000) $10,125,000 $310,000 Discount (83,755) 2,097 (81,658) (2,500) Net General Obligation Bond 10,301,245 (257,903) 10,043,342 307,500 2010 Sewer System 1,855,000 1,855,000 Discount (22,198) (22,198) Net General Obligation Bond 1,832,802 1,832,802 2013 Sewer System 37,480,000 (5,040,000) 32,440,000 5,115,000 Premium 263,030 (35,370) 227,660 35,896 Net General Obligation Bond 37,743,030 (5,075,370) 32,667,660 5,150,896 2013 Water System 6,425,000 (1,565,000) 4,860,000 1,585,000 Premium 129,213 (31,474) 97,739 31,876 Net General Obligation Bond 6,554,213 (1,596,474) 4,957,739 1,616,876 2013 Sewer System 3,660,000 (460,000) 3,200,000 100,000 Premium 28,851 (3,626) 25,225 788 Net General Obligation Bond 3,688,851 (463,626) 3,225,225 100,788 2016 Water System 5,615,000 5,615,000 Premium 141,895 141,895 Net General Obligation Bond 5,756,895 5,756,895 2017 Water System 7,615,000 7,615,000 340,000 Premium 110,532 110,532 4,935 Net General Obligation Bond 7,725,532 7,725,532 344,935 Total General Obligation Bonds 73,602,568 (7,393,373) 66,209,195 7,520,995 (continued)
55 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Restated Balance Balance Due Within One Types/Issues January 1, 2018 Increases Decreases December 31, 2018 Year O.W.D.A. & O.P.W.C. Loans: 2007 Shawnee Hills Sewer 2,942,166 (327,634) 2,614,532 338,369 2007 Cedarville Sewer 2,631,757 (336,423) 2,295,334 348,814 Sugarcreek WRRF 29,970,598 (1,903,027) 28,067,571 1,962,672 2013 O.P.W.C. 184,451 (7,233) 177,218 7,233 Sugarcreek WRRF Force Main 2,939,841 (212,843) 2,726,998 220,141 NWRWTP Expansion 4,271,629 (251,925) 4,019,704 260,896 Beavercreek WRRF 4,732,159 (383,152) 4,349,007 396,056 2015 Lift Station No. 15 Elimination 370,418 (12,997) 357,421 12,997 2015 Public Water Well No. 4 Replace 95,676 (3,299) 92,377 3,299 Total O.W.D.A. & O.P.W.C. Loans 48,138,695 (3,438,533) 44,700,162 3,550,477 O.P.W.C. Construction Commitments: Gerspacher #2 Elevated Tank Recoating 274,429 274,429
Special Assessment Bonds with Governmental Commitment: 1999 Water & Sewer Improv. 25,000 (10,000) 15,000 15,000 2003 Water & Sewer Improv. 190,000 (30,000) 160,000 30,000 2005 Sewer Improvments 595,000 (70,000) 525,000 75,000 2007 Sewer Improvments 10,000 (1,000) 9,000 1,000 2008 Water & Sewer Improv. 600,000 (55,000) 545,000 60,000 2013 Water Improvement 19,400 (2,900) 16,500 3,100 2015 Water & Sewer Improv. 855,000 (55,000) 800,000 55,000 2017 Water Improv. 639,776 (12,858) 626,918 24,263 2018 Water Improv. 695,000 695,000 5,000 Total Special Assessment Bonds 2,934,176 695,000 (236,758) 3,392,418 268,363 Revenue Bonds: 2010 Sewer System 595,000 (40,000) 555,000 40,000 2010 Sewer System 655,000 655,000 2007 Sewer System 3,600,000 (290,000) 3,310,000 305,000 Premium 305,182 (24,584) 280,598 25,856 Net Revenue Bond 3,905,182 (314,584) 3,590,598 330,856 2007 Water System 3,230,000 (745,000) 2,485,000 790,000 Premium 284,833 (65,697) 219,136 69,665 Net Revenue Bond 3,514,833 (810,697) 2,704,136 859,665 2010 Sewer System 6,380,000 (385,000) 5,995,000 555,000 Discount (87,672) 5,291 (82,381) (7,627) Net Revenue Bond 6,292,328 (379,709) 5,912,619 547,373 Total Revenue Bonds 14,962,343 (1,544,990) 13,417,353 1,777,894 Compensated Absences 440,288 (54,192) 386,096 42,220 Net Pension Liability 5,524,258 (1,875,879) 3,648,379 Net OPEB Liability 2,576,996 57,224 2,634,220 Total - Business-type Activities 148,179,324 $1,026,653 (14,543,725) 134,662,252 13,159,949 (concluded)
56 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Capital Lease Obligations: During 2015, the County entered into a 0% interest capital lease agreement for certain data processing equipment related to governmental activities. The gross amount of these leased assets, which totaled $249,401 are included with equipment, furniture and fixtures class of capital assets. The assets and related obligations are included with those of governmental activities in the Government-Wide Statement of Net Position. The future minimum lease payments under this capital lease, which represents the net minimum lease payments, are as follows:
Governmental Year Capital Lease 2019$ 49,881
Operating Lease Obligations: The County has entered into three agreements to lease buildings for the department of developmental disabilities. When such agreements are, in substance, purchases they are classified as capital lease obligations in the financial statements. Leases that are not de facto purchases are classified as operating leases. The operating lease agreements range in length from five years to twenty-four years. Operating lease payments are recorded as an expense in the period they are paid. The cost for operating leases for 2019 was $378,180 for governmental activities. The County's future minimum lease payments under operating leases as of December 31, 2018, are as follows: Governmental Year Operating Lease 2019$ 112,600 2020 112,600 2021 83,600 2022 54,600 2023 54,600 Total Lease Payments$ 418,000
Legal Debt Limit: The County is subject to a legal debt margin. Based upon the County valuation, the direct debt limit is $102,084,920. With total exempt debt of $81,916,536 the County has an unvoted legal debt margin of $83,737,109.
Defeased Debt: The following is a summary of outstanding defeased debt at December 31, 2018. Through the process of advance refunding, this debt has been defeased in substance, and fully funded, in escrow, through the purchase of United States Treasury Obligations, pursuant to Escrow Deposit Agreements. The investments have amounts and maturities to generate cash flow sufficient to meet the principal and interest payments due over the remaining life of the bonds. All monies and investments in the Escrow Funds are irrevocably pledged to the payment of principal and interest on the defeased bonds for their remaining life. Accordingly, the Escrow Accounts, and corresponding debt, are not included in the financial statements. Outstanding Year Defeased Description December 31, 2018 2004 Water System Revenue Bonds $4,970,000 2013 Sewer System General Obligation Bonds 1,660,000 2013 Sewer System Revenue Bonds 31,680,000
Conduit Debt Obligations - Industrial Development Bonds: The County is a party to issuance of industrial development bonds pursuant to Ohio law. However, these bonds are not an obligation of the County and neither the general revenue nor faith and credit of the County are pledged for the repayment. Therefore, they are not included in the basic financial statements.
As of December 31, 2018, there were 4 series of industrial development bonds outstanding. The original issue amount totaled $137,395,000 and the aggregate principal amount payable as of December 31, 2018 was $131,790,000.
57 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
NOTE H – DEFINED BENEFIT PENSION PLANS
Net Pension Liability: The net pension liability reported on the statement of net position represents a liability to employees for pensions. Pensions are a component of exchange transactions-–between an employer and its employees—of salaries and benefits for employee services. Pensions are provided to an employee—on a deferred- payment basis—as part of the total compensation package offered by an employer for employee services each financial period. The obligation to sacrifice resources for pensions is a present obligation because it was created as a result of employment exchanges that already have occurred.
The net pension liability represents the County’s proportionate share of each pension plan’s collective actuarial present value of projected benefit payments attributable to past periods of service, net of each pension plan’s fiduciary net position. The net pension liability calculation is dependent on critical long-term variables, including estimated average life expectancies, earnings on investments, cost of living adjustments and others. While these estimates use the best information available, unknowable future events require adjusting this estimate annually.
Ohio Revised Code limits the County’s obligation for this liability to annually required payments. The County cannot control benefit terms or the manner in which pensions are financed; however, the County does receive the benefit of employees’ services in exchange for compensation including pension.
GASB 68 assumes the liability is solely the obligation of the employer, because (1) they benefit from employee services; and (2) State statute requires all funding to come from these employers. All contributions to date have come solely from these employers (which also includes costs paid in the form of withholdings from employees). State statute requires the pension plans to amortize unfunded liabilities within 30 years. If the amortization period exceeds 30 years, each pension plan’s board must propose corrective action to the State legislature. Any resulting legislative change to benefits or funding could significantly affect the net pension liability. Resulting adjustments to the net pension liability would be effective when the changes are legally enforceable.
The proportionate share of each plan’s unfunded benefits is presented as a long-term net pension liability on the accrual basis of accounting. Any liability for the contractually-required pension contribution outstanding at the end of the year is included in accrued wages and benefits payable on both the accrual and modified accrual bases of accounting.
Plan Description – Ohio Public Employees Retirement System (OPERS)
Plan Description - County employees, participate in the Ohio Public Employees Retirement System (OPERS). OPERS administers three separate pension plans. The traditional pension plan is a cost-sharing, multiple-employer defined benefit pension plan. The member-directed plan is a defined contribution plan and the combined plan is a cost-sharing, multiple-employer defined benefit pension plan with defined contribution features. While members (e.g. County employees) may elect the member-directed plan and the combined plan, substantially all employee members are in OPERS’ traditional plan; therefore, the following disclosure focuses on the traditional pension plan.
OPERS provides retirement, disability, survivor and death benefits, and annual cost of living adjustments to members of the traditional plan. Authority to establish and amend benefits is provided by Chapter 145 of the Ohio Revised Code. OPERS issues a stand-alone financial report that includes financial statements, required supplementary information and detailed information about OPERS’ fiduciary net position that may be obtained by visiting https://www.opers.org/financial/reports.shtml, by writing to the Ohio Public Employees Retirement System, 277 East Town Street, Columbus, Ohio 43215-4642, or by calling 800-222-7377.
Senate Bill (SB) 343 was enacted into law with an effective date of January 7, 2013. In the legislation, members were categorized into three groups with varying provisions of the law applicable to each group. The following table provides age and service requirements for retirement and the retirement formula applied to final average salary (FAS) for the three member groups under the traditional plan as per the reduced benefits adopted by SB 343 (see OPERS CAFR referenced above for additional information):
58 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Group A Group B Group C Eligible to retire prior to 20 years of service credit prior to Members not in other Groups January 7, 2013 or five years January 7, 2013 or eligible to retire and members hired on or after after January 7, 2013 ten years after January 7, 2013 January 7, 2013 State and Local State and Local State and Local Age and Service Requirements: Age and Service Requirements: Age and Service Requirements: Age 60 with 60 months of service credit Age 60 with 60 months of service credit Age 57 with 25 years of service credit or Age 55 with 25 years of service credit or Age 55 with 25 years of service credit or Age 62 with 5 years of service credit Formula: Formula: Formula: 2.2% of FAS multiplied by years of 2.2% of FAS multiplied by years of 2.2% of FAS multiplied by years of service for the first 30 years and 2.5% service for the first 30 years and 2.5% service for the first 35 years and 2.5% for service years in excess of 30 for service years in excess of 30 for service years in excess of 35 Public Safety Public Safety Public Safety Age and Service Requirements: Age and Service Requirements: Age and Service Requirements: Age 48 with 25 years of service credit Age 48 with 25 years of service credit Age 52 with 25 years of service credit or Age 52 with 15 years of service credit or Age 52 with 15 years of service credit or Age 56 with 15 years of service credit
Law Enforcement Law Enforcement Law Enforcement Age and Service Requirements: Age and Service Requirements: Age and Service Requirements: Age 52 with 15 years of service credit Age 48 with 25 years of service credit Age 48 with 25 years of service credit or Age 52 with 15 years of service credit or Age 56 with 15 years of service credit
Public Safety and Law Enforcement Public Safety and Law Enforcement Public Safety and Law Enforcement Formula: Formula: Formula: 2.5% of FAS multiplied by years of 2.5% of FAS multiplied by years of 2.5% of FAS multiplied by years of service for the first 25 years and 2.1% service for the first 25 years and 2.1% service for the first 25 years and 2.1% for service years in excess of 25 for service years in excess of 25 for service years in excess of 25
Final average Salary (FAS) represents the average of the three highest years of earnings over a member’s career for Groups A and B. Group C is based on the average of the five highest years of earnings over a member’s career.
Members who retire before meeting the age and years of service credit requirement for unreduced benefits receive a percentage reduction in the benefit amount.
When a benefit recipient has received benefits for 12 months, an annual cost of living adjustment (COLA) is provided. This COLA is calculated on the base retirement benefit at the date of retirement and is not compounded. For those retiring prior to January 7, 2013, the COLA will continue to be a 3 percent simple annual COLA. For those retiring subsequent to January 7, 2013, beginning in calendar year 2019, the COLA will be based on the average percentage increase in the Consumer Price Index, capped at 3 percent.
59 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Funding Policy - The Ohio Revised Code (ORC) provides statutory authority for member and employer contributions as follows:
State Public Law and Local Safety Enforcement 2018 Statutory Maximum Contribution Rates Employer 14.0 % 18.1 % 18.1 % Employee 10.0 % * **
2018 Actual Contribution Rates Employer: Pension 14.0 % 18.1 % 18.1 % Post-employment Health Care Benefits 0.0 0.0 0.0
Total Employer 14.0 % 18.1 % 18.1 %
Employee 10.0 % 12.0 % 13.0 %
* This rate is determined by OPERS' Board and has no maximum rate established by ORC. ** This rate is also determined by OPERS' Board, but is limited by ORC to not more than 2 percent greater than the Public Safety rate.
Employer contribution rates are actuarially determined and are expressed as a percentage of covered payroll. The County’s contractually required contribution was $6,907,017 for 2018. Of this amount, $702,215 is reported in accrued wages and benefits.
Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions
The net pension liability for OPERS was measured as of December 31, 2017, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. The County’s proportion of the net pension liability was based on the County’s share of contributions to the pension plan relative to the contributions of all participating entities. Following is information related to the proportionate share and pension expense:
Proportionate Share of the Net Pension Liability $56,863,243 Proportion of the Net Pension Liability 0.362462% Change in Proportion -0.004487%
Pension Expense $11,697,547
60 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
At December 31, 2018, the County reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:
Deferred Outflows of Resources Difference between expected and actual experience $58,071 Change in assumptions 6,795,536 Change in County's proportionate share and difference in employer contributions 86 County contributions subsequent to the measurement date 6,907,017 Total Deferred Outflows of Resources $13,760,710 Deferred Inflows of Resources Differences between expected and actual experience ($1,120,596) Net difference between projected and actual earnings on pension plan investments (12,207,789) Change in County's proportionate share and difference in employer contributions (752,496) Total Deferred Inflows of Resources ($14,080,881)
The $6,907,017 reported as deferred outflows of resources related to pension resulting from County’s contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ending December 31, 2019. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pension will be recognized in pension expense as follows:
OPERS Year Ending December 31: 2019 $4,595,650 2020 (1,430,811) 2021 (5,375,663) 2022 (5,016,364) Total ($7,227,188)
Actuarial Assumptions - OPERS
Actuarial valuations of an ongoing plan involve estimates of the values of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality, and cost trends. Actuarially determined amounts are subject to continual review or modification as actual results are compared with past expectations and new estimates are made about the future.
Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employers and plan members) and include the types of benefits provided at the time of each valuation. The total pension liability in the December 31, 2017, actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement:
61 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
December 31, 2017 Assumptions Valuation Wage inflation 3.25% Future salary increases, 3.25% to 10.75% Including inflation COLA or Ad Hoc COLA Pre 1/7/2013 retirees: 3%; Post 1/7/2013 retirees: 3% simple through 2018, then 2.15% simple Investment rate of return 7.50% Actuarial cost method Individual entry age Mortality tables RP-2014
Mortality rates are based on the RP-2014 Healthy Annuitant mortality table. For males, Healthy Annuitant Mortality tables were used, adjusted for mortality improvement back to the observation period base of 2006 and then established the base year as 2015. For females, Healthy Annuitant Mortality tables were used, adjusted for mortality improvements back to the observation period base year of 2006 and then established the base year as 2010. The mortality rates used in evaluating disability allowances were based on the RP-2014 Disabled mortality tables, adjusted for mortality improvement back to the observation base year of 2006 and then established the base year as 2015 for males and 2010 for females. Mortality rates for a particular calendar year for both healthy and disabled retiree mortality tables are determined by applying the MP-2015 mortality improvement scale to the above described tables.
The most recent experience study was completed for the five year period ended December 31, 2015.
The long-term rate of return on defined benefit investment assets was determined using a building-block method in which best-estimate ranges of expected future real rates of return are developed for each major asset class. These ranges are combined to produce the long-term expected real rate of return by weighting the expected future real rates of return by the target asset allocation percentage, adjusted for inflation.
During 2017, OPERS managed investments in three investment portfolios: the Defined Benefit portfolio, the Health Care portfolio, and the Defined Contribution portfolio. The Defined Benefit portfolio contains the investment assets for the Traditional Pension Plan, the defined benefit component of the Combined Plan and the annuitized accounts of the Member-Directed Plan. Within the Defined Benefit portfolio, contributions into the plans are all recorded at the same time, and benefit payments all occur on the first of the month. Accordingly, the money-weighted rate of return is considered to be the same for all plans within the portfolio. The annual money-weighted rate of return expressing investment performance, net of investment expenses and adjusted for the changing amounts actually invested, for the Defined Benefit portfolio is 16.82% for 2017.
The allocation of investment assets with the Defined Benefit portfolio is approved by the Board of Trustees as outlined in the annual investment plan. Plan assets are managed on a total return basis with a long-term objective of achieving and maintaining a fully funded status for the benefits provided through the defined benefit pension plans. The table below displays the Board-approved asset allocation policy for 2017 and the long-term expected real rates of return:
62 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Weighted Average Long-Term Expected Target Real Rate of Return Asset Class Allocation (Arithmetic) Fixed Income 23.00 % 2.20 % Domestic Equities 19.00 % 6.37 % Real Estate 10.00 % 5.26 % Private Equity 10.00 % 8.97 % International Equities 20.00 % 7.88 % Other investments 18.00 % 5.26 % Total 100.00 % 5.66 %
Discount Rate The discount rate used to measure the total pension liability was 7.5 percent. The projection of cash flows used to determine the discount rate assumed that contributions from plan members and those of the contributing employers are made at the statutorily required rates. Based on those assumptions, the pension plan’s fiduciary net position was projected to be available to make all projected future benefits payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability.
Sensitivity of the County’s Proportionate Share of the Net Pension Liability to Changes in the Discount Rate The following table presents the County’s proportionate share of the net pension liability calculated using the current period discount rate assumption of 7.5 percent, as well as what the County’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is one-percentage-point lower (6.5 percent) or one- percentage-point higher (8.5 percent) than the current rate: Current 1% Decrease Discount Rate 1% Increase (6.50%) (7.50%) (8.50%) County's proportionate share of the net pension liability $100,975,029 $56,863,244 $20,087,717
NOTE I – DEFINED BENEFIT OTHER POSTEMPLOYMENT BENEFIT (OPEB) PLANS
Net OPEB Liability
The net OPEB liability reported on the statement of net position represents a liability to employees for OPEB. OPEB is a component of exchange transactions—between an employer and its employees—of salaries and benefits for employee services. OPEB are provided to an employee—on a deferred-payment basis—as part of the total compensation package offered by an employer for employee services each financial period. The obligation to sacrifice resources for OPEB is a present obligation because it was created as a result of employment exchanges that already have occurred.
The net OPEB liability represents the County’s proportionate share of each OPEB plan’s collective actuarial present value of projected benefit payments attributable to past periods of service, net of each OPEB plan’s fiduciary net position. The net OPEB liability calculation is dependent on critical long-term variables, including estimated average life expectancies, earnings on investments, cost of living adjustments, health care cost trends and others. While these estimates use the best information available, unknowable future events require adjusting these estimates annually.
Ohio Revised Code limits the County’s obligation for this liability to annual required payments. The County cannot control benefit terms or the manner in which OPEB are financed; however, the County does receive the benefit of employees’ services in exchange for compensation including OPEB.
GASB Statement No. 75 assumes the liability is solely the obligation of the employer, because they benefit from employee services. OPEB contributions come from these employers and health care plan enrollees which pay a portion of the health care costs in the form of a monthly premium. The Ohio Revised Code permits, but does not require the
63 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
retirement systems to provide health care to eligible benefit recipients. Any change to benefits or funding could significantly affect the net OPEB liability. Resulting adjustments to the net OPEB liability would be effective when the changes are legally enforceable. The retirement systems may allocate a portion of the employer contributions to provide for these OPEB benefits.
The proportionate share of each plan’s unfunded benefits is presented as a long-term net OPEB liability on the accrual basis of accounting. Any liability for contractually-required OPEB contributions outstanding at the end of the year is included in accrued wages and benefits on both the accrual and modified accrual bases of accounting.
Plan Description—Ohio Public Employees Retirement System (OPERS)
The Ohio Public Employees Retirement System (OPERS) administers three separate pension plans: the Traditional Pension Plan, a cost-sharing, multiple-employer defined benefit plan; the Member-Directed Plan, a defined contribution plan; and the Combined Plan, a cost-sharing, multiple-employer defined benefit plan that has elements of both a defined benefit and defined contribution plan.
OPERS maintains a cost-sharing, multiple-employer defined benefit post-employment health care trust, which funds multiple health care plans including medical coverage, prescription drug coverage and deposits to a Health Reimbursement Arrangement to qualifying benefit recipients of both the Traditional Pension and Combined plans. This trust is also used to fund health care for Member-Directed plan participants, in the form of a Retiree Medical Account (RMA). At retirement or refund, Member-Directed plan participants may be eligible for reimbursement of qualified medical expenses from their vested RMA balance.
In order to qualify for postemployment health care coverage, age and service retirees under the Traditional Pension and Combined plans must have twenty or more years of qualifying Ohio service credit. Health care coverage for disability benefit recipients and qualified survivor benefit recipients is available. The health care coverage provided by OPERS meets the definition of an other post employment benefit (OPEB) as described in GASB Statement No. 75. See OPERS’ CAFR referenced below for additional information.
The Ohio Revised Code permits, but does not require, OPERS to provide health care to its eligible benefit recipients. Authority to establish and amend health care coverage is provided to the Board in Chapter 145 of the Ohio Revised Code.
Disclosures for the health care plan are presented separately in the OPERS financial report. Interested parties may obtain a copy by visiting https://www.opers.org/financial/reports.shtml, by writing to OPERS, 277 East Town Street, Columbus, Ohio 43215-4642, or by calling (614) 222-5601 or 800-222-7377.
Funding Policy—The Ohio Revised Code provides statutory authority requiring public employers to fund postemployment health care through their contributions to OPERS. When funding is approved by OPERS’ Board of Trustees, a portion of each employer’s contribution to OPERS is set aside to fund OPERS health care plans. Beginning in 2018, health care is not being funded.
Employer contribution rates are expressed as a percentage of the earnable salary of active members. In 2018, state and local employers contributed at a rate of 14.0% of earnable salary and public safety and law enforcement employers contributed at 18.1%. These are the maximum employer contribution rates permitted by the Ohio Revised Code. Active member contributions do not fund health care.
Each year, the OPERS Board determines the portion of the employer contribution rate that will be set aside to fund health care plans. The portion of employer contributions allocated to health care for members in the Traditional Pension and Combined plans was 1.0% during calendar year 2017. As recommended by OPERS’ actuary, the portion of employer contributions allocated to health care beginning January 1, 2018 decreased to 0% for both plans. The OPERS Board is also authorized to establish rules for the retiree or their surviving beneficiaries to pay a portion of the health care provided. Payment amounts vary depending on the number of covered dependents and the coverage selected. The employer contribution as a percentage of covered payroll deposited into the RMA for participants in the Member- Directed Plan for 2018 was 4.0%.
64 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
For the year ended December 31, 2018, OPERS did not allocate any employer contributions to postemployment health care.
OPEB Liabilities, OPEB Expense, and Deferred Outflows and Inflows of Resources Related to OPEB
The total OPEB liability for OPERS was determined by an actuarial valuation as of December 31, 2016, rolled forward to the measurement date of December 31, 2017, by incorporating the expected value of health care cost accruals, the actual health care payment, and interest accruals during the year. The County’s proportion of the net OPEB liability was based on the County’s share of contributions to OPERS relative to the contributions of all participating entities. The following is information related to the proportionate share and OPEB expense:
Proportion of the Net OPEB Liability: Current Measurement Date 0.348279% Prior Measurement Date 0.366949% Change in Proportionate Share -0.018670%
Proportionate Share of the Net OPEB Liability $37,820,557
OPEB Expense $2,560,518
At December 31, 2018, the County reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:
Deferred Outflows of Resources Differences between expected and actual Experience $ 29,464 Change of assumptions 2,753,736 Total Deferred Outflows of Resources $2,783,200
Deferred Inflows of Resources Net difference between projected and Actual earnings on OPEB plan investments $2,817,377 Change in County’s proportionate share and Difference in employer contributions 1,290,375 Total Deferred Inflows of Resources $4,107,752
Amounts reported as deferred outflows and inflows of resources related to OPEB will be recognized in OPEB expense as follows:
Year Ending December 31, 2019 $ 9,380 2020 9,380 2021 (638,968) 2022 (704,344) ($1,324,552)
Actuarial Assumptions—OPERS
Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality, and cost trends. Actuarially determined amounts are subject to continual review or modification as actual results are compared with past expectations and new estimates are made about the future.
65 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Projections of health care costs for financial reporting purposes are based on the substantive plan and include the types of coverages provided at the time of each valuation and the historical pattern of sharing of costs between OPERS and plan members. The total OBEB liability was determined by an actuarial valuation as of December 31, 2016, rolled forward to the measurement date of December 31, 2017. The actuarial valuation used the following actuarial assumptions applied to all prior periods included in the measurement in accordance with the requirements of GASB Statement No. 74:
Wage inflation 3.25% Projected salary increases 3.25% to 10.75%, including wage inflation Singe discount rate: Current measurement date 3.85% Prior measurement date 4.25% Investment rate of return 6.50% Municipal bond rate 3.31% Health care cost trend rate 7.5% initial, 3.25% ultimate in 2028 Actuarial cost method Individual entry age
Pre-retirement mortality rates are based on the RP-2014 Employees mortality table for males and females, adjusted for mortality improvement back to the observation period base year of 2006. The base year for males and females was then established to be 2015 and 2010, respectively. Post-retirement mortality rates are based on the RP-2014 Healthy Annuitant mortality table for males and females, adjusted for improvement back to the observation period base year of 2006. The base year for males and females was then established to be 2015 and 2010, respectively. Post-retirement mortality rates for disabled retirees are based on the RP-2014 Disabled mortality table for males and females, adjusted for mortality improvement back to the observation period base year of 2006. The base year for males and females was then established to be 2015 and 2010, respectively. Mortality rates for a particular calendar year are determined by applying the MP-2015 mortality improvement scale to all of the above tables.
The most recent experience study was completed for the five-year period ended December 31, 2015.
The long-term expected rate of return on health care investment assets was determined using a building-block method in which best-estimate ranges of expected future real rates of return are developed for each major asset class. These ranges are combined to produce the long-term expected real rate of return by weighting the expected future real rates of return by the target asset allocation percentage, adjusted for inflation.
During 2017, OPERS managed investments in three investment portfolios: the Defined Benefit portfolio, the Health Care portfolio and the Defined Contribution portfolio. The Health Care portfolio includes the assets for health care expenses for the Traditional Pension Plan, Combined Plan and Member-Directed Plan eligible members. Within the Health Care portfolio, contributions into the plans are assumed to be received continuously throughout the year based on the actual payroll payable at the time contributions are made, and health care-related payments are assumed to occur mid-year. Accordingly, the money-weighted rate of return is considered to be the same for all plans within the portfolio. The annual money-weighted rate of return expressing investment performance, net of investment expenses and adjusted for the changing amounts actually invested, for the Health Care portfolio is 15.2% for 2017.
The allocation of investment assets within the Health Care portfolio is approved by the OPERS Board as outlined in the annual investment plan. Assets are managed on a total return basis with a long-term objective of continuing to offer a sustainable health care program for current and future retirees. OPERS’ primary goal is to achieve and maintain a fully funded status for benefits provided through the defined pension plans. Health care is a discretionary benefit. The table below displays the OPERS Board-approved asset allocation policy for 2017 and the long-term expected real rates of return.
66 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Weighted Average Long-Term Expected Target Real Rate of Return Asset Class Allocation (Arithmetic)
Fixed Income 34.00% 1.88% Domestic Equities 21.00% 6.37% REITs 6.00% 5.91% International Equities 22.00% 7.88% Other Investments 17.00% 5.39%
Total 100.00% 4.98%
Discount Rate. A single discount rate of 3.85% was used to measure the OPEB liability on the measurement date of December 31, 2017. Projected benefit payments are required to be discounted to their actuarial present value using a single discount rate that reflects (1) a long-term expected rate of return on OPEB plan investments (to the extent that the health care fiduciary net position is projected to be sufficient to pay benefits), and (2) tax-exempt municipal bond rate based on an index of 20-year general obligation bonds with an average AA credit rating as of the measurement date (to the extent that the contributions for use with the long-term expected rate are not met). This single discount rate was based on an expected rate of return on the health care investment portfolio of 6.50% and a municipal bond rate of 3.31%. The projection of cash flows used to determine this single discount rate assumed that employer contributions will be made at rates equal to the actuarially determined contribution rate. Based on these assumptions, the health care fiduciary net position and future contributions were sufficient to finance health care costs through 2034. As a result, the long-term expected rate of return on health care investments was applied to projected costs through the year 2034, and the municipal bond rate was applied to all health care costs after that date.
Sensitivity of the County’s Proportionate Share of the Net OPEB Liability to Changes in the Discount Rate. The following table presents the County’s proportionate share of the net OPEB liability calculated using the single discount rate of 3.85%, as well as what the County’s proportionate share of the net OPEB liability if it were calculated using a discount rate that is 1.0% point lower (2.85%) or 1.0% point higher (4.85%) than the current rate:
Current 1% Decrease Discount 1% Increase (2.85%) Rate of 3.85% (4.85%) County’s proportionate share of the net OPEB liability $50,247,462 $37,820,558 $27,768,976
Sensitivity of the County’s Proportionate Share of the Net OPEB Liability to Changes in the Health Care Cost Trend Rate. Changes in the health care cost trend rate may also have a significant impact on the net OPEB liability. The following table presents the net OPEB liability calculated using the assumed trend rates, and the expected net OPEB liability if it were calculated using a health care cost trend rate that is 1.0% lower or 1.0% higher than the current rate.
Retiree health care valuations use a health care cost-trend assumption that changes over several years built into the assumption. The near-term rates reflect increases in the current cost of health care; the trend starting in 2018 is 7.50%. If this trend continues for future years, the projection indicates that years from now virtually all expenditures will be for health care. A more reasonable alternative is that in the not-too-distant future, the health plan cost trend will decrease to a level at, or near, wage inflation. On this basis, the actuaries project premium rate increases will continue to exceed wage inflation for approximately the next decade, but by less each year, until leveling off at an ultimate rate, assumed to be 3.25% in the most recent valuation.
67 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Cost Trend Rate 1% Decrease Assumption 1% Increase County’s proportionate share of the net OPEB liability $36,187,089 $37,820,558 $39,509,753
NOTE J -- PROPERTY TAX REVENUES
Property taxes include amounts levied against real and public utility personal property. The assessed value, by property classification, upon which taxes were levied in 2017 and collectable in 2018 are as follows:
Assessed Value Real Property$ 3,968,370,880 Public Utility Personal 127,161,430 Total Assessed Value$ 4,095,532,310
Ohio law prohibits taxation of property from all taxing authorities in excess of 10 mills of assessed value without a vote of the people. In tax year 2017, the County levied 2.00 of the statutorily allowed 2.50 mills of the 10 mill limit for the General Fund. In addition to the 2.00 mills, 9.15 mills have been levied for voted millage. In tax year 2018, the County reinstated the full statutorily allowed 2.50 mills. A summary of voted millage for tax year 2017 collected in 2018 follows:
Effective Tax Rate (a) Final Final Voter Agricultural/ Levy Collection Purpose Authorized Residential Other Year Year Developmental Disabilities 3.50 3.025390 3.352440 2023 2024 Hospital Operating 0.50 0.432199 0.478920 2023 2024 Hospital Operating 0.50 0.433643 0.478920 2021 2022 Community Mental Health 1.50 1.069355 1.296333 2022 2023 Road and Bridge 0.25 0.230953 0.242880 2020 2021 Children Services 1.50 1.444571 1.457277 2023 2024 Council on Aging 1.00 0.963047 0.971518 2023 2024 Council on Aging 0.40 0.385219 0.388607 2023 2024
(a) dollars per $1,000 of assessed valuation
(b) Ohio law provides for a reduction of certain voted levies to offset inflation in the reappraisal value of real property. The voted levies are subject to, and reflect, this credit.
For taxes collected in 2018, real property taxes were levied in October 2017 on the assessed values as of January 1, 2017, the lien date. In accordance with the State of Ohio constitution, assessed values are established by the County Auditor at 35% of appraised market value. A revaluation of real property is required to be completed no less than every six years, with a statistical update every third year. Real estate taxes were due and payable in February and July.
The County Auditor remits the taxes collected to all taxing districts with periodic settlements of real and public utility property taxes in February and August. The County accrues billed but uncollected property taxes as receivables at their estimated net realizable value. The delinquent taxes outstanding expected to be available to finance 2019 operations (collected within 60 days after the fiscal year end) were recorded as 2018 revenue, with the remaining taxes receivable being offset by deferred inflow in the governmental funds financial statements.
68 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
NOTE K -- RECONCILIATION OF GAAP BASIS TO BUDGET BASIS
While reporting financial position, results of operations and changes in fund balance on the basis of generally accepted accounting principles (GAAP), the budgetary basis, as provided by law, is based upon accounting for certain transactions on a basis of cash receipts, disbursements, and encumbrances. The Statement of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual (Budget Basis) is presented for the General Fund, Motor Vehicle Road and Bridge, Department of Job and Family Services, Children Services Board, and the Board of Developmental Disabilities Special Revenue Funds to provide a meaningful comparison of actual results. The differences between the budgetary basis and the GAAP basis are that:
1. Revenues are recorded when received in cash (budget basis) as opposed to when susceptible to accrual (GAAP basis).
2. Expenditures are recorded when paid in cash (budget basis) as opposed to when the liability is incurred (GAAP basis).
3. Encumbrances are treated as expenditures (budget basis) rather than restricted, committed or assigned fund balance (GAAP basis).
4. Investments are reported at fair value (GAAP basis) rather than at cost (budget basis).
The adjustments necessary to convert the results of operations for the year on the GAAP basis to the budget basis are as follows:
Motor Vehicle Board of General Road and Dept of Job and Children Developmental Fund Bridge Family Services Services Disabilities GAAP Basis ($455,304) $18,560 $179,344 ($28,023) ($221,626) Revenue Accruals 787,170 233,819 (163,965) (523,442) (344,548) Expenditure Accruals (1,114,480) (492,637) (12,921) 364,854 (4,697,024) Encumbrances (4,127,735) (417,581) (3,053) (364,140) Decrease in Fair Market Value - 2018 1,767,113 Increase in Fair Market Value - 2017 (1,643,166) Agency Fund Cash Allocation - 2018 (168,851) (16,857) (96,188) (205,694) Agency Fund Cash Allocation - 2017 376,593 43,664 270,052 572,008 Transfers (23,116) Advances 74,300 Budget Basis ($4,527,476) ($631,032) ($595) ($376,887) ($4,896,884)
NOTE L – SIGNIFICANT COMMITMENTS
Encumbrances
Encumbrances are commitments related to unperformed contracts for goods or services. Encumbrance accounting is utilized to the extent necessary to assure effective budgetary control and accountability and to facilitate effective cash planning and control.
At year-end, the amount of encumbrances expected to be honored upon performance by the vendor in the next year were as follows:
69 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Governmental Funds General Fund $ 4,127,735 Motor Vehicle Road & Bridge 417,584 Department of Job and Family Services 3,053 Children Services 364,140 Other Governmental Funds 1,742,100 Total Governmental Funds $ 6,654,612 Business-Type Funds Water Fund $ 1,653,365 Sewer Fund 612,376 Total Enterprise Funds $ 2,265,741
Total $ 8,920,353
Contractual Commitments
As of December 31, 2018, the County had contractual commitments outstanding for the following projects:
Spent through Remaining December 31, 2018 Commitment Governmental Funds: General Fund Jail Phase 3 HVAC$ 188,312 $ 719,565 Job & Family Service Carpet 91,800 61,200 Juvenile Justice Center Roof/HVAC 110,000 506,554 Enterprise Funds: Water Fund: W15-5 Well NWR SPW#2$ 90,186 $ 71,814 W18-3 Cedadrville South Street Bridge Lift 7,048 74,242 W18-2 Buffalo Soldiers Monument Water Ext 664 186,835 W15-4 Summerfield Elevated Storage Tank 44,638 435,362 Sewer Fund: S17-2/W17-3 Airport Sewer Extension$ 76,742 $ 1,976,268 S18-3 Cedadrville South Street Bridge Lift 31,311 86,359 SE18-1 Nathanial's Grove Lift Station No 1 19,499 403,581
NOTE M -- CONTINGENCIES
The County is a defendant in a number of claims and lawsuits which may be classified as routine litigation in which minimal nonmaterial damages are being sought. In addition, the County is a defendant in numerous other claims and lawsuits ranging from tort liability to civil rights litigation in which the County believes the amounts claimed are overstated and not fair estimates of any potential ultimate settlements. Amounts paid by the County in 2018 for litigation settled were not material.
The County participates in a number of Federal and State assisted grant programs. The major programs are through the Ohio Department of Job and Family Services, the Ohio Department of Transportation and Area 7 Workforce Investment Board. These programs are subject to financial and compliance audits by grantors or their representatives. Accordingly, the County's compliance with applicable grant requirements will be established at some future date. The County believes that disallowed claims, if any, will not have a material adverse effect on the County's financial position.
70 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
NOTE N -- RISK MANAGEMENT
The County is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and injuries to employees. In 1986, the County joined the Public Entities Pool of Ohio (PEP) a local government risk-sharing pool. The pool consists of 488 local governments who pool risk for property, liability and public official liability.
The County pays an annual premium to PEP for this coverage. The agreement provides that PEP will be self- sustaining through member premiums and excess insurance. The deductibles per occurrence for all types of coverage are as follows:
Type of Coverage Deductible General Liability $ 5,000 Police Professional 5,000 Public Official 2,500
PEP retains general liability insurance with no aggregate, police professional and public official’s liability risks up to $2 million in aggregate per year and automobile liability risks up to $1 million in aggregate per year. Claims exceeding $2 million are reinsured with no aggregate limitations per year. Settled claims have not exceeded this coverage in any of the last three years.
The County is also exposed to a risk of loss related to employee health care costs. On September 1, 1994, the County became self-insured for employee health care benefits. The program is administered by United Health Care, Inc., in Minneapolis, Minnesota, which provides claims review, processing services and maintains its own provider network. The self-insurance program is accounted for in the Internal Service Fund. The County has recorded a liability for incurred but unreported claims at year end based on an actuarial estimate by United Health Care, Inc. The County has purchased stop-loss insurance coverage of $125,000 per insured individual to limit the County’s liability. A summary of the liability for unpaid health care claims over the past two years follows:
January 1 Current Claim December 31 Year Liability Claims Payments Liability 2017 1,852,081 14,409,734 (14,955,400) 1,306,415 2018 1,306,415 14,677,737 (14,716,923) 1,267,229
NOTE O -- JOINT VENTURE
The County is a participant in the Eastern Miami Valley Alcohol, Drug Addiction and Mental Health Service Board (Board), a joint venture with Clark and Madison Counties. The purpose of the Board is to provide aid, support and education for alcohol and drug dependent citizens as well as those who are mentally disabled. The Board started providing these services on July 1, 1995. The Board is governed by an eighteen member board of directors, with Greene County, Clark County, the Ohio Department of Mental Health, and the Ohio Alcohol and Drug Addiction Services Board each appointing four members and Madison County appointing two members. The Clark County Auditor serves as fiscal agent for the Board.
Greene County has an ongoing financial responsibility to the Board. This responsibility arises from the fact that the Board’s existence depends on the continued funding by the County from the property tax levy. A copy of the Board’s separate financial statements may be obtained by contacting the Greene County Auditor’s Office, 69 Greene St., Xenia, Ohio, 45385.
71 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
NOTE P -- JOINTLY GOVERNED ORGANIZATIONS
Montgomery Greene County Local Emergency Response Council (MGCLERC): The MGCLERC is the Local Emergency Planning Committee (LEPC) for Montgomery and Greene Counties. The LEPC is a jointly governed organization formed for the purpose of implementing chemical emergency response and preparedness plans. The LEPC is appointed by the State Emergency Response Commission (the Commission). The Commission appoints the LEPC from a listing of agreed upon individuals approved by the Montgomery and Greene County Commissioners. Due to regulations set forth by the Ohio Revised Code, the LEPC shall consist of such numbers of members as the State considers appropriate but shall include representatives from each of the following groups: elected state and local officials, law enforcement personnel, emergency management personnel, firefighting personnel, first aid personnel, health personnel, local environmental personnel, hospital personnel, transportation personnel, broadcast and print media personnel, community groups, and owners and operators of facilities subject to this chapter. The LEPC exercises total control over operations including budgeting, appropriating, contracting and designing management. Each participant’s degree of control is limited to its representation in the LEPC. All revenues are generated from State and Federal funding. Montgomery County is acting as fiscal agent for the LEPC. The County did not pay any monies to the LEPC during 2018, and has no ongoing financial responsibility to the Council. Financial information can be obtained by writing to the Montgomery County Auditor’s Office, 451 West Third Street, Dayton, Ohio, 45422-1027.
Southwest Ohio Council of Governments: The Southwest Ohio Council of Governments (the Council) was created by the Board of Developmental Disabilities of Butler, Hamilton, Clermont and Warren Counties. Any other County Board of Developmental Disabilities (BODD) may petition for membership to the Council, however member ship must be approved by two-thirds vote of the Council members. The Council consists of six members, one member for each participating County BODD. The role of the Council is to coordinate the power and duties of the member BODDs to better serve and benefit persons with developmental disabilities within the participating counties. The Council serves as its own taxing and debt issuance authority and is a jointly governed organization. The County paid $1,092,189 to the Council during 2018. Financial information may be obtained from the Council at 1910 Fairgrove Avenue Suite E, Hamilton, Ohio 45011.
NOTE Q - FUND BALANCE
The fund balance for all governmental funds is classified as nonspendable, restricted, unrestricted and/or unassigned based primarily on the extent to which the County is bound to observe constraints imposed upon the use of the resources. The constraints placed on the fund balance for the major governmental funds and all other non-major government funds are presented as follows:
72 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Job & Board of Motor Vehicle Family Children Developmental Other Fund Balances General Road & Bridge Services Services Disabilities Governmental Total Nonspendable Trust Funds $48,456 $70,800 $119,256 Prepaid Items 620,385 $131,618 $67,180 $3,125 $5,344,690 118,971 6,285,969 Total Nonspendable 668,841 131,618 67,180 3,125 5,344,690 189,771 6,405,225 Restricted For Road and Bridge 10,613,995 10,613,995 Public Assistance 1,114,985 201,545 1,316,530 Children's Services 10,355,451 4,977,932 15,333,383 Developmental Disabilities 18,102,969 18,102,969 Dog and Kennel 1,218,545 1,218,545 Real Estate Assessment 2,963,405 2,963,405 Environmental Services 3,191,142 3,191,142 Community & Economic Development 2,129,973 2,129,973 Court Services 4,569,049 4,569,049 Law Enforcement 967,446 967,446 Emergency Management 101,749 101,749 Senior Services 97,424 97,424 Mental Health Services 78,281 78,281 Hospital Support 62,037 62,037 Other Purposes 158,162 158,162 Debt Service Payments 1,123,309 1,123,309 Total Restricted 10,613,995 1,114,985 10,355,451 18,102,969 21,839,999 62,027,399 Committed To Adult Day Care 213,365 213,365 Parks and Trails 2,371,863 2,371,863 County Home 311,925 311,925 Inmate Medical Services 29,064 29,064 Debt Service Payments 941,868 941,868 Capital Projects 3,300,271 3,300,271 Total Committed 7,168,356 7,168,356 Outstanding Encumbrances: Parks and Trails 27,325 27,325 Court Services 55,113 55,113 General Government 3,432,634 3,432,634 Law Enforcement 53,555 53,555 Public Works 183 183 Community Development 2,335 2,335 Subsequent Appropriations 6,257,982 6,257,982 Total Assigned 9,829,127 9,829,127 Unassigned 28,574,930 28,574,930
Total Fund Balances $39,072,898 $10,745,613 $1,182,165 $10,358,576 $23,447,659 $29,198,126 $114,005,037
73 GREENE COUNTY, OHIO NOTES TO THE BASIC FINANCIAL STATEMENTS DECEMBER 31, 2018 (CONTINUED)
Stabilization Arrangement: The Commissioners previously established a budget stabilization fund, permitted by the Ohio Revised Code. The fund is designed to accumulate currently available resources to stabilize budgets against cyclical changes in revenues and expenditure. The budget stabilization fund is only an insulator against short-term economic changes and, because of the limitations imposed by the Ohio Revised Code, it could not reasonable protect the County from long-term economic factors. The balance in the stabilization fund at December 31, 2018 was $5,250,000.
NOTE R – CHANGE IN ACCOUNTING PRINCIPLE
For 2018, the County implemented GASB Statement No. 85, Omnibus 2017, Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other than Pensions, and related guidance from GASB Implementation Guide No. 2017-3, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions (and Certain Issues Related to OPEB Plan Reporting).
GASB Statement No. 85 addresses a variety of topics including issues related to blending component units, goodwill, fair value measurement and application, and postemployment benefits (pensions and other postemployment benefits. These changes were incorporated in the County’s 2018 financial statements; however, there was no effect on beginning net position/fund balance.
GASB Statement No. 75 established standards for measuring and recognizing postemployment benefit liabilities, deferred outflows of resources, deferred inflows of resources and expenses. The implementation of this pronouncement had the following effect on net position as reported December 31, 2017:
Fund Balance Water Sewer Ending Net Position December 31, 2017$ 59,569,592 $ 101,617,742 Adjustments: Net OPEB Liability (1,161,531) (1,415,465) Deferred Outflow - Payments Subsequent to Measurement Date 14,996 18,274 Restated Net Position December 31, 2017$ 58,423,057 $ 100,220,551
Governmental Business-Type Fund Balance Activities Activities Ending Net Position December 31, 2017$ 212,979,468 $ 160,975,655 Adjustments: Net OPEB Liability (34,439,446) (2,576,996) Deferred Outflow - Payments Subsequent to Measurement Date 444,625 33,270 Restated Net Position December 31, 2017$ 178,984,647 $ 158,431,929
Other than employer contributions subsequent to the measurement date, the County made no restatement for deferred outflows or inflows of resources as the information needed to generate these restatements was not available.
74 THIS PAGE LEFT BLANK INTENTIONALLY
75 GREENE COUNTY, OHIO REQUIRED SUPPLEMENTARY INFORMATION CONDITION ASSESSMENTS OF THE COUNTY’S INFRASTRUCTURE REPORTED USING THE MODIFIED APPROACH AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2018
The County reports its roads and bridges infrastructure assets using the modified approach (see Note A to the Financial Statements for a description of the modified approach). The following disclosures pertain to the condition assessment and budgeted versus actual expenditures for the preservation of these assets.
County Roads
The condition of road pavement is measured using a Physical Condition Rating system, which assigns a numerical ranking to each road based on the following criteria: date of last surface maintenance; pavement surface condition; traffic volume; traffic type; and the Financial Condition Ranking. The Financial Condition Ranking is a numerical ranking of one to five calculated by dividing the estimated repair cost by the replacement cost of the road and using the percentage to determine the condition ranking of the road. The following schedule is used to determine the Financial Condition Ranking:
Numeric Ranking Condition Ranking Criteria
1 Critical Repair cost exceeds 80% of the replacement cost
2 Poor Repair cost exceeds 45% of the replacement cost
3 Fair Repair cost exceeds 25% of the replacement cost
4 Good Repair cost exceeds 15% of the replacement cost
5 Excellent Repair cost exceeds 7% of the replacement cost
The Financial Condition Ranking is only one of the issues considered in determining the Physical Condition Rating. The Physical Condition Rating is determined by a committee of experts from the County Engineer’s Office based on the criteria discussed above. The Physical Condition Rating is also a numerical ranking of one to five with the following characteristics:
Numeric Ranking Condition Ranking Condition Description
1 Critical Condition is dangerous, unsafe or unusable
2 Poor Condition is inadequate or substandard
3 Fair Condition is average, not good or poor
4 Good Condition is safe and suitable for purpose
5 Excellent Condition is new or requires no repair
It is the policy of the County Engineer that 90% of County roads are to be maintained in a condition of fair or better using the Physical Condition Rating and that a condition assessment using the Physical Condition Rating for County roads is performed annually. An assessment of County roads using the Financial Condition Ranking is to be performed at least once every three years. The following summarizes the Physical Condition Rating of County roads as of December 31, 2018, 2017 and 2016:
2018 2017 2016
Condition % of Lane Lane % of Lane Lane % of Lane Assessment Lane Miles Miles Miles Miles Miles Miles
Fair or Better 324 100% 324 100% 324 100%
Less than Fair 0 0% 0 0% 0 0%
76 GREENE COUNTY, OHIO REQUIRED SUPPLEMENTARY INFORMATION CONDITION ASSESSMENTS OF THE COUNTY’S INFRASTRUCTURE REPORTED USING THE MODIFIED APPROACH AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2018 (Continued)
The following is a comparison of the County’s Budgeted and Actual expenditures for preservation of existing roadways:
Budgeted Actual Year Expenditures Expenditures Difference 2014 3,113,523 3,342,500 (228,977) 2015 3,437,698 2,785,254 652,444 2016 3,992,257 3,098,092 894,165 2017 3,691,668 3,157,384 534,284 2018 4,234,422 3,824,772 409,650
County Bridges The condition of the County’s bridges is determined using a General Appraisal Rating which is a condition coding system developed by the Federal Highway Administration. The General Appraisal Rating consists of various ratings of the individual elements of the structure and an overall ranking of between zero and nine is assigned. The ranking is as follows:
Numerical Ranking Condition Ranking
7 to 9 Good
5 to 6 Fair
3 to 4 Poor
0 to 2 Critical
It is the policy of the County Engineer to maintain 95% of the County bridges at a level of fair or better. In accordance with the Ohio Revised Code, each bridge is inspected annually. The following is a summary of the condition assessment performed as of December 31, 2018, 2017 and 2016:
2018 2017 2016
Condition Number of % of Number of % of Number of % of
Assessment Bridges Bridges Bridges Bridges Bridges Bridges
Fair or Better 282 99% 281 99% 281 99%
Less than Fair 2 1% 3 1% 3 1%
The two bridges with a condition assessment of less than fair are covered wood bridges. Due to their historic significance these bridges cannot be replaced and it is not feasible to upgrade these bridges to meet today’s standards. The following is a comparison of the County’s Budgeted and Actual expenditures for preservation of existing bridges:
Budgeted Actual Year Expenditures Expenditures Difference 2014 37,418 44,015 (6,597) 2015 48,430 34,797 13,633 2016 1,174,724 1,010,115 164,609 2017 95,800 24,867 70,933 2018 422,180 305,869 116,311
77 GREENE COUNTY, OHIO Required Supplementary Information Schedule of County's Proportionate Share of the Net Pension Liability Ohio Public Employees Retirement System - Traditional Pension Plan Last Five Years (1) (2)
County's Proportionate Plan Fiduciary County's County's Share of the Net Net Position as a Proportion Proportionate County's Pension Liability as Percentage of the of the Net Share of the Net Covered a Percentage of its Total Pension Pension Liability Pension Liability Payroll Covered Payroll Liability
2014 0.381537% $ 44,472,486 46,364,217 95.92% 86.36% 2015 0.381537% 45,499,986 46,995,875 96.82% 86.45% 2016 0.377226% 65,340,271 47,471,492 137.64% 81.08% 2017 0.366487% 88,223,001 47,789,592 184.61% 77.25% 2018 0.362462% 56,863,243 49,335,836 115.26% 84.66%
(1) Information prior to 2014 is not available. The County will continue to present information for years available until a full ten-year trend is compiled.
(2) Amounts presented for each year were determined as of the County's measurement date, which is the prior year-end.
Notes to Schedule:
Change in assumptions. In 2017, changes in assumptions were made based upon an updated experience study that was completed for the five-year period ended December 31, 2015. Significant changes included a reduction of the discount rate from 8.0% to 7.5%, a reduction in the wage inflation rate from 3.75% to 3.25%, and transition from the RP-2000 mortality tables to the RP-2014 mortality tables.
78 GREENE COUNTY, OHIO Required Supplementary Information Schedule of County Pension Contributions Ohio Public Employees Retirement System - Traditional Pension Plan Last Six Years (1)
Contributions in Relation to the Contributions Contractually Contractually Contribution County's as a Percentage Required Required Deficiency Covered of Covered Contributions Contributions (Excess) Payroll Payroll
2013$ 5,420,268 $ (5,420,268) $ 41,694,369 13.00% 2014 5,563,706 (5,563,706) 46,364,217 12.00% 2015 5,639,505 (5,639,505) 46,995,875 12.00% 2016 5,696,579 (5,696,579) 47,471,492 12.00% 2017 6,212,647 (6,212,647) 47,789,592 13.00% 2018 6,907,017 (6,907,017) 49,335,836 14.00%
(1) Information prior to 2013 Is not available. The County will continue to present information for years available until a full ten-year trend is presented.
79 GREENE COUNTY, OHIO Required Supplementary Information Schedule of County's Proportionate Share of the Net OPEB Liability Ohio Public Employees Retirement System Last Two Years (1) (2)
County's Proportionate Plan Fiduciary County's County's Share of the Net Net Position as a Proportion Proportionate County's OPEB Liability as Percentage of the of the Net Share of the Net Covered a Percentage of its Total OPEB OPEB Liability OPEB Liability Payroll Covered Payroll Liability
2017 0.366949%$ 37,016,443 47,789,592 77.46% 54.05% 2018 0.348279% 37,820,557 49,335,836 76.66% 54.14%
(1) Information prior to 2017 is not available. The County will continue to present information for years available until a full ten-year trend is compiled.
(2) Amounts presented for each year were determined as of the County's measurement date, which is the prior year-end.
80 GREENE COUNTY, OHIO Required Supplementary Information Schedule of County OPEB Contributions Ohio Public Employees Retirement System Last Three Years (1)
Contributions in Relation to the Contributions Contractually Contractually Contribution County's as a Percentage Required Required Deficiency Covered of Covered Contributions Contributions (Excess) Payroll (2) Payroll
2016 954,548 (954,548) 47,471,492 2.00% 2017 477,896 (477,896) 47,789,592 1.00% 2018 49,335,836 0.00%
(1) Beginning in 2016, OPERS used one trust fund as the funding vehicle for all health care plans; therefore, information prior to 2016 is not presented.
(2) The OPEB plan includes the members from the traditional plan, the combined plan and the member directed plan.
81
COMBINING FINANCIAL
STATEMENTS
AND SCHEDULES
82 GREENE COUNTY, OHIO NON-MAJOR FUNDS
The following are the County’s non-major funds, for the year ending December 31, 2018:
SPECIAL REVENUE FUNDS
The Special Revenue funds account for the proceeds of specific revenue sources (other than major capital projects) that are legally restricted to expenditure for specified purposes. Some of the more significant non-major special revenue funds include:
Real Estate Assessment - To account for revenues and expenditures related to the valuation of real estate properties for tax purposes. Revenues are derived from fees collected as a part of property tax settlement.
Environmental Services - This is used to account for the County’s yard waste collection and recycling programs.
Community Mental Health - To account for revenues received from a County-wide property tax levy and to provide resources for mental health programs. Greene County participates in a program with Clark and Madison Counties and provides monies to this joint effort.
Community Development Block Grant - This is a State and Federal Program to provide assistance to blighted community areas within the County and to assist with economic development projects in the county.
Child Support Enforcement Agency - This is a State mandated program to account for operating fees, reimbursements and related expenditures to maintain and enforce the County's child support program.
County Home - To account for a facility to provide personal care for the elderly, disabled and handicapped individuals with limited financial resources.
Hospital Levy - To account for a County-wide property tax levy which provides Greene Memorial Hospital, a non-profit organization, with resources to provide health care services.
Juvenile Court Grants - To account for revenue and expenditures to operate a juvenile detention center.
Equipment Acquisition - Accounts for the accumulation of resources and expenditures of funds for capital expenditures by various Governmental Funds of the County.
Common Pleas Grants - Accounts for grant and other revenue sources that are restricted for use by the Common Pleas Courts.
Council on Aging - Accounts for a County-wide property tax levy which provides the Senior Council on Aging, a non- profit organization with resources to provide services and activities to the elderly in Greene County.
Additional Special Revenue Funds presented in this report include:
Dog and Kennel Drug Law Enforcement Spring Lakes Park County Hotel Lodging Adult Day Care Parks & Trails Donations Home Arrest Indigent Drivers Indigent Guardianship Victim Witness Grants D.A.R.E. Donations Family & Children First Council Inmate Fees - Medical Emergency Management Grants Concealed Handgun License
83 DEBT SERVICE FUNDS
The debt service funds are used to account for the accumulation of resources for and the payment of, principal and interest on general obligation and special assessment debt with governmental commitment.
Road Assessment Debt Service - To account for the accumulation of assessments of properties benefitting from the road improvement and the payment of, principal and interest on special assessment road bonds.
Various Purpose Long-Term Obligation Bonds - To account for the payment of principal and interest on general obligation bonds of the County’s governmental funds.
Tax Incentive Project Debt - This fund is used to account for the accumulation of resources and payment of principal and interest on debt issues related to tax incentive programs authorized by the County.
CAPITAL PROJECTS FUND
Building and Road Construction - To account for major construction activities of the County’s governmental funds.
PERMANENT FUND
This fund is used to report resources that are legally restricted to the extent that only earnings, and not principal, may be used for purposes that support the County’s programs.
Chase Stewart - This fund accounts for principal and interest from a donation received by the County for the payment of medical bills for veterans. This fund is administered by the Soldier’s Relief Commission.
AGENCY FUNDS
These funds are used to report resources held by the County in a purely custodial capacity (assets equal liabilities).
Payroll Agency Fund - To account for the net payroll, payroll taxes, and other related payroll deductions accumulated from the governmental and proprietary funds for distribution to employees, other governmental units, and private organizations.
Undivided Tax Fund - The Undivided Tax Fund includes Real Estate Property Taxes, Inheritance Taxes and various other taxes collected and distributed by the County.
Other Agency Funds - The following Agency Funds are grouped together within Other Agency Funds:
Construction Retainer Deposits with Segregated Accounts County Departmental Deposits with Segregated Accounts
Political Subdivision - Divided monies received from Real Estate Property Taxes, Inheritance Taxes and various other receipts for taxing units of local jurisdictions that are in the process of being advanced or distributed to the taxing units.
84 GREENE COUNTY, OHIO COMBINING BALANCE SHEET NON-MAJOR GOVERNMENTAL FUNDS BY FUND TYPE DECEMBER 31, 2018
Capital Projects Permanent Non-major Non-major Fund Fund Total Non-major Special Debt Service Building & Road Chase Governmental Revenue Funds Funds Construction Stewart Funds
ASSETS: Equity in Pooled Cash and Cash Equivalents $ 23,554,261 $ 1,832,005 $ 3,443,381 $ 88,499 $ 28,918,146 Cash and Cash Equivalents in Segregated Accounts 86,397 86,397 Receivables (Net of Allowance for Uncollectibles) Taxes 12,849,838 309,435 13,159,273 Accounts 421,339 421,339 Accrued Interest 243 243 Due from Other Funds 139,534 139,534 Prepaid Items 118,971 118,971 Due from Other Governments 2,203,736 466,344 2,670,080 Total Assets $ 39,374,076 $ 2,607,784 $ 3,443,381 $ 88,742 $ 45,513,983 85
LIABILITIES: Accounts Payable $ 317,303 $ 317,303 Accrued Wages and Benefits 611,933 611,933 Due to Other Governments $ 61,110 61,110 Interfund Payable 274,228 82,000 356,228 Due to Other Funds 56,508 56,508 Total Liabilities 1,259,972 143,110 1,403,082
DEFERRED INFLOWS OF RESOURCES: Property Taxes 12,578,370 309,435 12,887,805 Unavailable Revenue 1,791,699 233,172 99 2,024,970 Total Deferred Inflows of Resources 14,370,069 542,607 99 14,912,775
FUND BALANCES: Nonspendable 118,971 70,800 189,771 Restricted 20,698,847 1,123,309 17,843 21,839,999 Committed 2,926,217 941,868 3,300,271 7,168,356 Total Fund Balances 23,744,035 2,065,177 3,300,271 88,643 29,198,126
Total Liabilities, Deferred Inflows of Resources and Fund Balances $ 39,374,076 $ 2,607,784 $ 3,443,381 $ 88,742 $ 45,513,983 GREENE COUNTY, OHIO COMBINING BALANCE SHEET NON-MAJOR SPECIAL REVENUE FUNDS DECEMBER 31, 2018
Real Estate Environmental Dog and Kennel Assessment Services
ASSETS: Equity in Pooled Cash and Cash Equivalents $ 1,297,761 $ 3,017,577 $ 3,135,050 Cash and Cash Equivalents in Segregated Accounts 86,397 Receivables (Net of Allowance for Uncollectibles) Taxes Accounts 7,553 300 Due from Other Funds 4,951 5,257 3,135 Prepaid Items 5,079 5,394 11,484 Due from Other Governments Total Assets $ 1,315,344 $ 3,028,528 $ 3,236,06 6
LIABILITIES: Accounts Payable $ 2,601 $ 29,065 $ 14,018 Accrued Wages and Benefits 28,217 30,605 19,103 Interfund Payable 60,000 Due to Other Funds 902 59 319 Total Liabilities 91,720 59,729 33,440
DEFERRED INFLOWS OF RESOURCES: Property Taxes Unavailable Revenue Total Deferred Inflows of Resources
FUND BALANCES: Nonspendable 5,079 5,394 11,484 Restricted 1,218,545 2,963,405 3,191,142 Committed Total Fund Balances 1,223,624 2,968,799 3,202,626
Total Liabilities, Deferred Inflows of Resources and Fund Balances $ 1,315,344 $ 3,028,528 $ 3,236,066
86 Community Child Support Community Development Drug Law Enforcement Spring Lakes Mental Health Block Grant Enforcement Agency County Home Park
$ 74,281 $ 264,709 $ 664,044 $ 5,003,623 $ 436,060 $ 233
4,264,116 40,834 55,840 216,475 5,700 8,728 27,959 5,848 8,954 28,685 247,406 9,176 11,224 $ 4,585,80 3 $ 264,709 $ 725,602 $ 5,088,369 $ 709,179 $ 233
$ 2,456 $ 125 $ 95,793 35,468 50,947 163,289 40,000 50,411 332 77,924 101,483 259,414
4,175,078 332,444 109,155 4,507,522 109,155
5,848 8,954 28,685 78,281 264,709 641,830 4,977,932 233 311,925 78,281 264,709 647,678 4,986,886 340,610 233
$ 4,585,803 $ 264,709 $ 725,602 $ 5,088,369 $ 709,179 $ 233
(Continued)
87 GREENE COUNTY, OHIO COMBINING BALANCE SHEET NON-MAJOR SPECIAL REVENUE FUNDS DECEMBER 31, 2018
County Hotel Adult Day Lodging Hospital Levy Care
ASSETS: Equity in Pooled Cash and Cash Equivalents $ 1,894,940 $ 58,847 $ 224,988 Cash and Cash Equivalents in Segregated Accounts Receivables (Net of Allowance for Uncollectibles) Taxes 3,349,432 Accounts Due from Other Funds 3,580 1,855 Prepaid Items 5,705 1,903 Due from Other Governments 200,319 Total Assets $ 1,904,225 $ 3,608,598 $ 228,746
LIABILITIES: Accounts Payable $ 11,371 $ 3,553 Accrued Wages and Benefits 20,984 9,925 Interfund Payable Due to Other Funds 901 Total Liabilities 33,256 13,478
DEFERRED INFLOWS OF RESOURCES: Property Taxes 3,279,218 Unavailable Revenue 267,343 Total Deferred Inflows of Resources 3,546,561
FUND BALANCES: Nonspendable 5,705 1,903 Restricted 1,865,264 62,037 Committed 213,365 Total Fund Balances 1,870,969 62,037 215,268
Total Liabilities, Deferred Inflows of Resources and Fund Balances $ 1,904,225 $ 3,608,598 $ 228,746
88 Parks and Victim Juvenile Court Trails Indigent Indigent Witness Grants Donations Home Arrest Drivers Guardianship Grants
$ 1,115,780 $ 2,372,464 $ 15,056 $ 29,111 $ 112,818 $ 209,735
2,583 50 1,340 2,074 1,040 2,319 20,047 18,345 25,037 4,926 1,071,326 46 80,234 $ 2,234,773 $ 2,372,514 $ 16,396 $ 31,231 $ 113,858 $ 315,559
$ 99,143 $ 651 $ 1,028 $ 205 130,523 31,065 129,228 3,201 232,867 651 1,028 160,498
570,253 35,125 570,253 35,125
25,037 4,926 1,406,616 15,368 31,231 113,858 115,010 2,371,863 1,431,653 2,371,863 15,368 31,231 113,858 119,936
$ 2,234,773 $ 2,372,514 $ 16,396 $ 31,231 $ 113,858 $ 315,559
(Continued)
89 GREENE COUNTY, OHIO COMBINING BALANCE SHEET NON-MAJOR SPECIAL REVENUE FUNDS DECEMBER 31, 2018
Equipment DARE Inmate Fees Acquisition Donations Medical
ASSETS: Equity in Pooled Cash and Cash Equivalents $ 83,169 $ 2,031 $ 36,052 Cash and Cash Equivalents in Segregated Accounts Receivables (Net of Allowance for Uncollectibles) Taxes Accounts Due from Other Funds Prepaid Items Due from Other Governments 76,290 Total Assets $ 159,459 $ 2,031 $ 36,052
LIABILITIES: Accounts Payable $ 19,373 $ 6,988 Accrued Wages and Benefits Interfund Payable Due to Other Funds Total Liabilities 19,373 6,988
DEFERRED INFLOWS OF RESOURCES: Property Taxes Unavailable Revenue Total Deferred Inflows of Resources
FUND BALANCES: Nonspendable Restricted 140,086 2,031 Committed 29,064 Total Fund Balances 140,086 2,031 29,064
Total Liabilities, Deferred Inflows of Resources and Fund Balances $ 159,459 $ 2,031 $ 36,052
90 Family and Emergency Concealed Common Children First Management Handgun Council on Total Nonmajor Pleas Grants Council Grants License Aging Special Revenue
$ 2,732,777 $ 245,299 $ 105,949 $ 332,131 $ 89,776 $ 23,554,261 86,397
5,236,290 12,849,838 87,413 1,156 2,362 421,339 8,621 29,727 1,069 560 139,534 8,845 5,439 1,097 575 118,971 259,074 7,992 240,649 2,203,736 $ 3,096,730 $ 288,457 $ 109,271 $ 335,628 $ 5,566,715 $ 39,374,076
$ 18,201 $ 4,508 $ 67 $ 8,157 $ 317,303 50,556 31,697 6,243 3,311 611,933 45,000 274,228 268 115 56,508 68,757 81,473 6,425 11,468 1,259,972
5,124,074 12,578,370 132,162 345,217 1,791,699 132,162 5,469,291 14,370,069
8,845 5,439 1,097 575 118,971 2,886,966 201,545 101,749 323,585 97,424 20,698,847 2,926,217 2,895,811 206,984 102,846 324,160 97,424 23,744,035
$ 3,096,730 $ 288,457 $ 109,271 $ 335,628 $ 5,566,715 $ 39,374,076
(Concluded)
91 GREENE COUNTY, OHIO COMBINING BALANCE SHEET NON-MAJOR DEBT SERVICE FUNDS DECEMBER 31, 2018
Various Purpose Road Long-Term Total Assessment Obligation Tax Incentive Nonmajor Debt Service Bonds Project Debt Debt Service
ASSETS: Equity in Pooled Cash and Cash Equivalents $ 941,868 $ 890,137 $ 1,832,005 Receivables (Net of Allowance for Uncollectibles) Taxes 309,435 309,435 Due from Other Governments 466,344 466,344 Total Assets $ 941,868 $ 1,665,916 $ 2,607,784
DEFERRED INFLOWS OF RESOURCES: Property Taxes 309,435 309,435 Unavailable Revenue 233,172 233,172 Total Deferred Inflows of Resources 542,607 542,607
FUND BALANCES: Restricted 1,123,309 1,123,309 Committed 941,868 941,868 Total Fund Balances 941,868 1,123,309 2,065,177
Total Liabilities, Deferred Inflows of Resources and Fund Balances $ 941,868 $ 1,665,916 $ 2,607,784
92 GREENE COUNTY, OHIO COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NON-MAJOR GOVERNMENTAL FUNDS BY FUND TYPE FOR THE YEAR ENDED DECEMBER 31, 2018
Capital Projects Permanent Non-major Non-major Fund Fund Total Non-major Special Revenue Debt Service Building & Road Chase Governmental Funds Funds Construction Stewart Funds
REVENUES: Taxes $ 13,612,679 $ 290,066 $ 13,902,745 Charges for Services 8,304,838 8,304,838 Licenses and Permits 239,224 239,224 Fines and Forfeitures 411,356 411,356 Intergovernmental 8,930,625 473,131 9,403,756 Investment Earnings 49,217 58,796 1,074 109,087 Other 518,206 130,483 648,689 Total Revenues 32,066,145 763,197 189,279 1,074 33,019,695
EXPENDITURES: Current: General Government: Legislative and Executive 2,242,500 23,475 2,265,975 93 Public Safety 5,917,585 5,917,585 Health 8,864,776 8,864,776 Human Services 11,814,392 11,814,392 Conservation and Recreation 1,582,160 1,582,160 Community and Economic Development 994,119 994,119 Capital Outlay 1,632,132 1,632,132 Debt Service: Principal Retirements 1,360,000 1,360,000 Interest and Fiscal Charges 791,507 1,722 793,229 Total Expenditures 31,415,532 2,174,982 1,633,854 35,224,368
Excess of Revenues Over (Under) Expenditures 650,613 (1,411,785) (1,444,575) 1,074 (2,204,673)
OTHER FINANCING SOURCES AND USES: Transfers In 490,624 1,589,280 2,066,556 4,146,460 Proceeds from Sale of Capital Assets 9,762 9,762 Transfers Out (373,341) (10,544) (63,369) (447,254) Total Other Financing Sources and Uses 127,045 1,578,736 2,003,187 3,708,968
Net Change in Fund Balance 777,658 166,951 558,612 1,074 1,504,295
Fund Balance (Deficit) at Beginning of Year 22,966,377 1,898,226 2,741,659 87,569 27,693,831
Fund Balance (Deficit) at End of Year $ 23,744,035 $ 2,065,177 $ 3,300,271 $ 88,643 $ 29,198,126 GREENE COUNTY, OHIO COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES NON-MAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED DECEMBER 31, 2018
Real Estate Environmental Dog and Kennel Assessment Services
REVENUES: Taxes Charges for Services $ 782,219 $ 77,950 $ 1,012,113 Licenses and Permits 40 Fines and Forfeitures 9,245 338,367 Intergovernmental 10,250 Investment Earnings Other 36,305 21,496 30,621 Total Revenues 827,769 437,853 1,052,984
EXPENDITURES: Current: General Government: Legislative and Executive 43,713 1,881,030 Public Safety Health 594,968 Human Services Conservation and Recreation 639,190 Community and Economic Development Total Expenditures 638,681 1,881,030 639,190
Excess of Revenues Over (Under) Expenditures 189,088 (1,443,177) 413,794
OTHER FINANCING SOURCES AND USES: Transfers In Proceeds from Sale of Capital Assets 9,762 Transfers Out (207,926) Total Other Financing Sources and Uses 0 0 (198,164)
Net Change in Fund Balance 189,088 (1,443,177) 215,630
Fund Balance (Deficit) at Beginning of Year 1,034,536 4,411,976 2,986,996
Fund Balance (Deficit) at End of Year $ 1,223,624 $ 2,968,799 $ 3,202,626
94 S
Community Child Support Community Development Drug Law Enforcement Spring Lakes Mental Health Block Grant Enforcement Agency County Home Park
$ 4,122,164 $ 692,509 $ 686,191 $ 3,464,317
51,217 492,019 $ 66,650 236,534 1,403,464
34,913 38,084 83,925 64,390 4,614,183 101,563 1,018,344 2,173,580 3,528,707 0
1,052,139 4,624,130 1,564,564 3,826,763 230 160,737 4,624,130 160,737 1,052,139 1,564,564 3,826,763 230
(9,947) (59,174) (33,795) 609,016 (298,056) (230)
4,024 28,856
0 4,024 28,856 0 0 0
(9,947) (55,150) (4,939) 609,016 (298,056) (230)
88,228 319,859 652,617 4,377,870 638,666 463
$ 78,281 $ 264,709 $ 647,678 $ 4,986,886 $ 340,610 $ 233
(Continued)
95 GREENE COUNTY, OHIO COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES NON-MAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED DECEMBER 31, 2018
County Hotel Lodging Hospital Levy Adult Day Care
REVENUES: Taxes $ 1,192,134 $ 3,239,286 Charges for Services $ 315,420 Licenses and Permits Fines and Forfeitures Intergovernmental 398,777 Investment Earnings 3,616 Other 8,830 10,285 Total Revenues 1,204,580 3,638,063 325,705
EXPENDITURES: Current: General Government: Legislative and Executive Public Safety Health 3,645,678 Human Services 244,658 Conservation and Recreation Community and Economic Development 833,382 Total Expenditures 833,382 3,645,678 244,658
Excess of Revenues Over (Under) Expenditures 371,198 (7,615) 81,047
OTHER FINANCING SOURCES AND USES: Transfers In Proceeds from Sale of Capital Assets Transfers Out (110,692) Total Other Financing Sources and Uses (110,692) 0 0
Net Change in Fund Balance 260,506 (7,615) 81,047
Fund Balance (Deficit) at Beginning of Year 1,610,463 69,652 134,221
Fund Balance (Deficit) at End of Year $ 1,870,969 $ 62,037 $ 215,268
96 Parks and Juvenile Trails Indigent Indigent Victim Witness Court Grants Donations Home Arrest Drivers Guardianship Grants
$ 166,136 $ 48,715 $ 15,570 $ 31,238 $ 15,140 $ 37,708
10,841 526 1,160 2,932,599 1,000,000 925 351,295 45,601 21,937 7,302 1,536 64,474 3,131,513 1,102,144 15,570 33,323 16,676 453,477
2,669,009 13,344 6,049 6,227 548,459
942,740
2,669,009 942,740 13,344 6,049 6,227 548,459
462,504 159,404 2,226 27,274 10,449 (94,982)
26,832 100,000 108,736
(2,325) (24,608) 24,507 100,000 0 (24,608) 0 108,736
487,011 259,404 2,226 2,666 10,449 13,754
944,642 2,112,459 13,142 28,565 103,409 106,182
$ 1,431,653 $ 2,371,863 $ 15,368 $ 31,231 $ 113,858 $ 119,936
(Continued)
97 GREENE COUNTY, OHIO COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES NON-MAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED DECEMBER 31, 2018
Equipment DARE Inmate Fees Acquisition Donations Medical
REVENUES: Taxes Charges for Services $ 905 $ 6,396 Licenses and Permits Fines and Forfeitures Intergovernmental 306,264 Investment Earnings Other 155 36,763 Total Revenues 307,324 0 43,159
EXPENDITURES: Current: General Government: Legislative and Executive 317,757 Public Safety 41,480 Health Human Services Conservation and Recreation Community and Economic Development Total Expenditures 317,757 0 41,480
Excess of Revenues Over (Under) Expenditures (10,433) 0 1,679
OTHER FINANCING SOURCES AND USES: Transfers In Proceeds from Sale of Capital Assets Transfers Out Total Other Financing Sources and Uses 00 0
Net Change in Fund Balance (10,433) 0 1,679
Fund Balance (Deficit) at Beginning of Year 150,519 2,031 27,385
Fund Balance (Deficit) at End of Year $ 140,086 $ 2,031 $ 29,064
98 Family and Emergency Concealed Common Children First Management Handgun Council on Total Nonmajor Pleas Grants Council Grants License Aging Special Revenue
$ 5,059,095 $ 13,612,679 $ 944,309 $ 8,002 8,304,838 $ 239,184 239,224 411,356 735,816 416,560 $ 99,572 479,900 8,930,625 49,217 17,139 5,821 31,308 2,922 518,206 1,697,264 430,383 130,880 242,106 5,538,995 32,066,145
2,242,500 1,225,721 155,858 199,299 5,917,585 8,864,776 627,487 5,550,920 11,814,392 1,582,160 994,119 1,225,721 627,487 155,858 199,299 5,550,920 31,415,532
471,543 (197,104) (24,978) 42,807 (11,925) 650,613
222,176 490,624 9,762 (27,790) (373,341) (27,790) 222,176 0 0 0 127,045
443,753 25,072 (24,978) 42,807 (11,925) 777,658
2,452,058 181,912 127,824 281,353 109,349 22,966,377
$ 2,895,811 $ 206,984 $ 102,846 $ 324,160 $ 97,424 $ 23,744,035
(Concluded)
99 GREENE COUNTY, OHIO COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NON-MAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED DECEMBER 31, 2018
Various Purpose Road Long-Term Tax Total Assessment Obligation Incentive Nonmajor Debt Service Bonds Project Debt Debt Service
REVENUES: Taxes $ 290,066 $ 290,066 Intergovernmental 473,131 473,131 Total Revenues 763,197 763,197
EXPENDITURES: Current: General Government: Legislative and Executive 23,475 23,475 Debt Service: Principal Retirements 725,000 635,000 1,360,000 Interest and Fiscal Charges 479,466 312,041 791,507 Total Expenditures 1,204,466 970,516 2,174,982
Excess of Revenues Over (Under) Expenditures (1,204,466) (207,319) (1,411,785)
OTHER FINANCING SOURCES AND USES: Transfers In 1,278,976 310,304 1,589,280 Transfers Out (9,870) (674) (10,544) Total Other Financing Sources and Uses (9,870) 1,278,302 310,304 1,578,736
Net Change in Fund Balance (9,870) 73,836 102,985 166,951
Fund Balance (Deficit) at Beginning of Year 9,870 868,032 1,020,324 1,898,226
Fund Balance (Deficit) at End of Year $ 941,868 $ 1,123,309 $ 2,065,177
100 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL GENERAL FUND FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Taxes $ 34,170,530 $ 34,170,530 $ 34,467,731 $ 297,201 Charges for Services 7,556,130 7,641,373 8,039,369 397,996 Licenses and Permits 1,028,000 1,028,000 1,365,459 337,459 Fines and Forfeitures 297,400 297,400 283,485 (13,915) Intergovernmental 5,455,852 5,455,852 6,443,024 987,172 Interest 1,732,000 1,732,000 2,552,243 820,243 Other 1,058,215 1,058,215 2,013,877 955,662 Total Revenues 51,298,127 51,383,370 55,165,188 3,781,818
EXPENDITURES: Current: General Government: Legislative and Executive Commissioners Personal Services 722,204 1,221,613 1,217,148 4,465 Contractual Services 789,002 780,554 771,271 9,283 Materials and Supplies 13,500 3,500 1,457 2,043 Capital Outlay 257,431 240,031 232,994 7,037 Other 1,739,991 1,478,984 1,206,554 272,430 Total - Commissioners 3,522,128 3,724,682 3,429,424 295,258
Auditor Personal Services 846,691 849,221 835,680 13,541 Contractual Services 30,720 30,720 28,367 2,353 Materials and Supplies 8,210 8,028 6,117 1,911 Capital Outlay 2,000 8,000 7,596 404 Other 9,900 9,250 7,545 1,705 Total - Auditor 897,521 905,219 885,305 19,914
Treasurer Personal Services 422,913 422,913 411,523 11,390 Contractual Services 5,742 5,742 3,433 2,309 Materials and Supplies 2,200 2,200 2,115 85 Other 31,327 31,327 31,096 231 Total - Treasurer 462,182 462,182 448,167 14,015
Prosecuting Attorney Personal Services 1,757,711 1,718,801 1,716,068 2,733 Salaries and Wages 255,088 286,098 285,737 361 Contractual Services 34,535 34,871 34,114 757 Materials and Supplies 15,949 14,334 13,782 552 Capital Outlay 9,501 8,611 8,022 589 Other 32,650 36,240 33,797 2,443 Total - Prosecuting Attorney 2,105,434 2,098,955 2,091,520 7,435
Budget Commission Other 500 500 500 Total - Budget Commission 500 500 500
Bureau of Inspection Contractual Services 80,000 80,000 76,674 3,326 Total - Bureau of Inspection 80,000 80,000 76,674 3,326
Data Processing Personal Services 741,434 779,307 776,091 3,216 Contractual Services 236,410 471,874 470,279 1,595 Materials and Supplies 3,500 4,147 4,020 127 Capital Outlay 100,000 120,922 120,250 672 Other 10,000 2,474 2,165 309 Total - Data Processing 1,091,344 1,378,724 1,372,805 5,919
101 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL GENERAL FUND - CONTINUED FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) Personnel Personal Services 436,087 409,783 329,483 80,300 Contractual Services 121,557 134,420 127,004 7,416 Materials and Supplies 2,000 1,471 1,130 341 Capital Outlay 4,100 18,900 18,295 605 Other 6,800 5,000 2,254 2,746 Total - Personnel 570,544 569,574 478,166 91,408
Microfilm Personal Services 188,237 188,325 158,454 29,871 Total - Microfilm 188,237 188,325 158,454 29,871
Service Garage Personal Services 174,042 176,892 175,851 1,041 Contractual Services 8,824 10,825 10,805 20 Materials and Supplies 65,866 58,875 56,289 2,586 Capital Outlay 3,422 3,000 2,780 220 Other 1,825 1,825 750 1,075 Total - Service Garage 253,979 251,417 246,475 4,942
Utilities Materials and Supplies 1,756,210 1,639,976 1,493,140 146,836 Total - Utilities 1,756,210 1,639,976 1,493,140 146,836
Records and Information Personal Services 221,606 221,646 217,283 4,363 Contractual Services 7,500 8,400 7,815 585 Materials and Supplies 1,680 1,551 1,234 317 Capital Outlay 10,000 2,000 1,676 324 Other 7,050 13,573 11,804 1,769 Total - Records and Information 247,836 247,170 239,812 7,358
Risk Management Personal Services 360,928 360,960 355,127 5,833 Contractual Services 37,000 36,968 27,587 9,381 Materials and Supplies 5,200 5,200 743 4,457 Other 2,090 2,050 1,050 1,000 Total - Risk Management 405,218 405,178 384,507 20,671
Insurance Contractual Services 359,700 407,218 404,419 2,799 Capital Outlay 17,850 17,850 Other 300 300 300 Total - Insurance 360,000 425,368 422,269 3,099
Office of Finance Personal Services 139,847 150,961 148,254 2,707 Materials and Supplies 400 400 400 Capital Outlay 350 350 350 Other 850 850 169 681 Total - Office of Finance 141,447 152,561 148,423 4,138
Miscellaneous Personal Services 200,000 35,368 35,368 Contractual Services 340,000 340,000 313,419 26,581 Capital Outlay 100,000 100,000 87,074 12,926 Other 95,417 110,458 110,458 Total - Miscellaneous 735,417 585,826 510,951 74,875
Unclaimed Funds Other 454,335 454,335 5,406 448,929 Total - Unclaimed Funds 454,335 454,335 5,406 448,929
102 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL GENERAL FUND - CONTINUED FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) Board of Elections Personal Services 635,268 635,410 618,755 16,655 Contractual Services 96,422 104,713 102,414 2,299 Materials and Supplies 61,250 34,278 17,497 16,781 Capital Outlay 39,690 39,690 33,936 5,754 Other 258,578 288,750 202,040 86,710 Total - Board of Elections 1,091,208 1,102,841 974,642 128,199
Building and Grounds Capital Outlay 9,916,099 11,068,970 7,421,131 3,647,839 Total - Building and Grounds 9,916,099 11,068,970 7,421,131 3,647,839
Maintenance and Operations Personal Services 1,415,805 1,415,805 1,403,304 12,501 Contractual Services 559,159 572,984 565,003 7,981 Materials and Supplies 476,701 439,420 427,733 11,687 Capital Outlay 130,257 128,066 124,324 3,742 Other 4,763 7,123 4,493 2,630 Total - Maintenance and Operations 2,586,685 2,563,398 2,524,857 38,541
Recorder Personal Services 457,412 500,604 395,289 105,315 Contractual Services 129,638 31,500 25,594 5,906 Materials and Supplies 91,897 20,219 19,493 726 Capital Outlay 173,014 45,000 38,060 6,940 Other 15,903 11,024 3,705 7,319 Total - Recorder 867,864 608,347 482,141 126,206
Total - Legislative and Executive 27,734,188 28,913,548 23,794,269 5,119,279
Judicial Court of Appeals Other 51,000 51,000 44,032 6,968 Total - Court of Appeals 51,000 51,000 44,032 6,968
Common Pleas Court Personal Services 1,828,224 1,914,827 1,892,956 21,871 Contractual Services 8,024 7,724 7,044 680 Materials and Supplies 7,004 8,004 7,785 219 Other 52,228 50,384 46,667 3,717 Total - Common Pleas Court 1,895,480 1,980,939 1,954,452 26,487
Juvenile Court Personal Services 2,427,889 2,324,797 2,318,714 6,083 Contractual Services 143,903 105,432 84,536 20,896 Materials and Supplies 24,482 25,088 25,070 18 Capital Outlay 2,640 138,403 138,403 Other 38,431 27,573 24,952 2,621 Total - Juvenile Court 2,637,345 2,621,293 2,591,675 29,618
Probate Court Personal Services 396,864 421,424 411,229 10,195 Contractual Services 7,245 7,563 4,738 2,825 Materials and Supplies 3,649 3,649 1,954 1,695 Other 1,615 1,615 1,460 155 Total - Probate Court 409,373 434,251 419,381 14,870
Clerk of Courts Personal Services 1,002,134 1,002,135 951,026 51,109 Contractual Services 34,487 34,410 26,286 8,124 Materials and Supplies 29,328 28,567 23,430 5,137 Other 19,174 15,645 9,144 6,501 Total - Clerk of Courts 1,085,123 1,080,757 1,009,886 70,871
103 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL GENERAL FUND - CONTINUED FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) Xenia Municipal Court Personal Services 121,689 129,438 129,186 252 Contractual Services 57,156 56,256 54,219 2,037 Other 12,166 11,316 9,844 1,472 Total - Xenia Municipal Court 191,011 197,010 193,249 3,761
Fairborn Municipal Court Personal Services 180,602 180,602 171,635 8,967 Contractual Services 57,156 57,156 54,219 2,937 Other 22,500 22,500 4,065 18,435 Total - Fairborn Municipal Court 260,258 260,258 229,919 30,339
Domestic Relations Court Personal Services 959,113 939,114 919,729 19,385 Contractual Services 16,200 36,200 31,640 4,560 Materials and Supplies 8,090 5,550 4,729 821 Capital Outlay 2,000 4,500 4,301 199 Other 13,000 13,000 10,705 2,295 Total - Domestic Relations Court 998,403 998,364 971,104 27,260
Public Defender Personal Services 569,400 574,716 574,035 681 Contractual Services 545,649 536,709 383,750 152,959 Materials and Supplies 5,340 3,712 3,441 271 Capital Outlay 25,933 25,581 24,557 1,024 Other 9,400 10,860 4,215 6,645 Total - Public Defender 1,155,722 1,151,578 989,998 161,580
Total - Judicial 8,683,715 8,775,450 8,403,696 371,754
Total - General Government: 36,417,903 37,688,998 32,197,965 5,491,033
Public Safety Coroner Personal Services 413,560 425,877 424,700 1,177 Contractual Services 225,708 220,108 217,946 2,162 Materials and Supplies 4,100 4,100 3,350 750 Other 6,179 5,462 4,303 1,159 Total - Coroner 649,547 655,547 650,299 5,248
Juvenile Detention Personal Services 1,104,285 1,089,407 1,020,152 69,255 Contractual Services 26,155 21,410 18,033 3,377 Materials and Supplies 31,688 33,086 32,965 121 Capital Outlay 750 3,975 3,973 2 Other 5,070 5,070 4,838 232 Total - Juvenile Detention 1,167,948 1,152,948 1,079,961 72,987
Sheriff - Administration Personal Services 1,816,825 1,816,824 1,734,486 82,338 Contractual Services 129,803 129,758 103,534 26,224 Materials and Supplies 68,871 68,805 63,673 5,132 Capital Outlay 29,400 29,400 25,814 3,586 Other 32,079 77,079 70,513 6,566 Total - Sheriff - Administration 2,076,978 2,121,866 1,998,020 123,846
Building Regulations Personal Services 978,351 892,109 886,791 5,318 Contractual Services 89,780 231,701 207,302 24,399 Materials and Supplies 5,304 8,587 8,225 362 Capital Outlay 8,439 9,806 9,735 71 Other 10,470 8,844 4,510 4,334 Total - Building Regulations 1,092,344 1,151,047 1,116,563 34,484
104 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL GENERAL FUND - CONTINUED FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) Sheriff - Law Enforcement Personal Services 4,297,648 4,268,147 4,224,384 43,763 Contractual Services 222,020 139,037 117,115 21,922 Materials and Supplies 62,916 68,904 63,885 5,019 Capital Outlay 317,116 394,616 324,865 69,751 Other 37,268 37,259 31,876 5,383 Total - Sheriff - Law Enforcement 4,936,968 4,907,963 4,762,125 145,838
Sheriff - Corrections Personal Services 7,510,704 7,510,704 7,081,392 429,312 Contractual Services 971,996 999,996 893,818 106,178 Materials and Supplies 113,656 113,487 105,187 8,300 Capital Outlay 88,075 60,075 25,990 34,085 Other 37,213 37,213 20,495 16,718 Total - Sheriff - Corrections 8,721,644 8,721,475 8,126,882 594,593
Total - Public Safety 18,645,429 18,710,846 17,733,850 976,996
Public Works County Engineer Personal Services 99,846 115,031 103,953 11,078 Capital Outlay 3,500 3,480 725 2,755 Total - County Engineer 103,346 118,511 104,678 13,833
Department of Public Works Personal Services 420,675 382,879 382,879 Contractual Services 451,752 225,513 100,380 125,133 Materials and Supplies 15,322 14,653 14,653 Capital Outlay 145,181 126,233 126,155 78 Other 5,050 Total - Department of Public Works 1,037,980 749,278 624,067 125,211
Total - Public Works 1,141,326 867,789 728,745 139,044
Health Vital Statistics Other 1,332 2,493 2,456 37 Total - Vital Statistics 1,332 2,493 2,456 37
Other Health Other 425,004 443,362 443,362 Total - Other Health 425,004 443,362 443,362
Total - Health 426,336 445,855 445,818 37
Human Services Veteran's Service Commission Personal Services 633,448 638,969 635,173 3,796 Contractual Services 134,936 117,447 106,564 10,883 Materials and Supplies 10,575 12,539 12,539 Capital Outlay 3,200 750 750 Other 82,747 94,282 90,859 3,423 Total - Veteran's Service Commission 864,906 863,987 845,885 18,102
Total - Human Services 864,906 863,987 845,885 18,102
Conservation and Recreation Parks and Trails Personal Services 1,983,201 2,016,912 2,016,912 Contractual Services 97,283 100,602 100,602 Materials and Supplies 98,320 104,531 104,531 Capital Outlay 11,100 61,102 61,102 Other 20,368 8,862 8,862 Total - Parks and Trails 2,210,272 2,292,009 2,292,009
105 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL GENERAL FUND - CONTINUED FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) Agriculture Contractual Services 39,000 40,348 38,700 1,648 Other 492,298 493,598 493,582 16 Total - Agriculture 531,298 533,946 532,282 1,664
Total - Conservation and Recreation 2,741,570 2,825,955 2,824,291 1,664
Community and Economic Development Department of Development Personal Services 387,356 402,037 400,412 1,625 Contractual Services 31,223 31,222 28,548 2,674 Materials and Supplies 4,473 4,473 3,879 594 Capital Outlay 3,579 6,999 6,553 446 Other 48,175 528,209 527,676 533 Total - Department of Development 474,806 972,940 967,068 5,872
Total - Community and Economic Development 474,806 972,940 967,068 5,872
Total Expenditures 60,712,276 62,376,370 55,743,622 6,632,748
Excess of Revenues Over (Under) Expenditures (9,414,149) (10,993,000) (578,434) 10,414,566
OTHER FINANCING SOURCES AND USES: Transfers In 393,000 393,000 54,723 (338,277) Proceeds from Sale of Capital Assets 10,000 10,000 70,989 60,989 Advances In 100,000 100,000 140,000 40,000 Transfers Out (5,739,017) (7,782,629) (4,149,054) 3,633,575 Advances Out (165,000) (155,000) (80,700) 74,300 Repayment of Loans to Other Governments 25,000 25,000 Loans to Other Governments (10,000) (10,000) Total Other Financing Sources and Uses (5,401,017) (7,444,629) (3,949,042) 3,495,587
Net Change in Fund Balance (14,815,166) (18,437,629) (4,527,476) 13,910,153
Fund Balance (Deficit) at Beginning of Year 32,105,969 32,105,969 32,105,969
Prior Year Encumbrances Appropriated 5,076,088 5,076,088 5,076,088
Fund Balance (Deficit) at End of Year $ 22,366,891 $ 18,744,428 $ 32,654,581 $ 13,910,153
106 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL MOTOR VEHICLE, ROAD AND BRIDGE FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Taxes $ 863,750 $ 863,750 $ 854,531 $ (9,219) Special Assessments 38,000 38,000 31,749 (6,251) Charges for Services 175,000 175,000 239,952 64,952 Fines and Forfeitures 125,000 125,000 125,527 527 Intergovernmental 6,056,100 6,351,788 7,047,527 695,739 Interest 20,000 20,000 51,600 31,600 Other 25,000 25,000 7,060 (17,940) Total Revenues 7,302,850 7,598,538 8,357,946 759,408
EXPENDITURES: Current: Public Works County Engineer - MVGT Personal Services 3,169,628 3,170,038 2,969,164 200,874 Contractual Services 457,264 494,763 363,466 131,297 Materials and Supplies 1,702,649 1,649,385 1,372,086 277,299 Capital Outlay 4,111,465 4,822,447 3,481,170 1,341,277 Other 89,000 94,000 80,849 13,151 Total - County Engineer - MVGT 9,530,006 10,230,633 8,266,735 1,963,898
County Engineer - Bridge Personal Services 274,590 277,131 268,935 8,196 Contractual Services 106,778 121,000 104,941 16,059 Materials and Supplies 402,746 387,864 67,138 320,726 Capital Outlay 550,000 550,000 287,525 262,475 Other 5,000 5,000 5,000 Total - County Engineer - Bridge 1,339,114 1,340,995 728,539 612,456
County Engineer - Ditches Contractual Services 113,043 113,043 23,704 89,339 Materials and Supplies 16,000 16,000 16,000 Capital Outlay 3,000 3,000 3,000 Other 1,444 1,443 1,443 Total - County Engineer - Ditches 133,487 133,486 23,704 109,782
Total Expenditures 11,002,607 11,705,114 9,018,978 2,686,136
Excess of Revenues Over (Under) Expenditures (3,699,757) (4,106,576) (661,032) 3,445,544
OTHER FINANCING SOURCES AND USES: Proceeds from Sale of Capital Assets 30,000 30,000 Total Other Financing Sources and Uses 30,000 30,000
Net Change in Fund Balance (3,699,757) (4,106,576) (631,032) 3,475,544
Fund Balance (Deficit) at Beginning of Year 9,097,478 9,097,478 9,097,478
Prior Year Encumbrances Appropriated 789,401 789,401 789,401
Fund Balance (Deficit) at End of Year $ 6,187,122 $ 5,780,303 $ 9,255,847 $ 3,475,544
107 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL DEPARTMENT OF JOB AND FAMILY SERIVCES FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Intergovernmental $ 6,200,000 $ 6,200,000 $ 6,158,369 $ (41,631) Other 3,930,000 3,930,000 146,185 (3,783,815) Total Revenues 10,130,000 10,130,000 6,304,554 (3,825,446)
EXPENDITURES: Current: Human Services Work Force Investment Contractual Services 1,057,409 1,057,409 569,056 488,353 Materials and Supplies 10,000 10,000 303 9,697 Capital Outlay 10,000 10,000 2,073 7,927 Other 4,000 4,000 98 3,902 Total - Work Force Investment 1,081,409 1,081,409 571,530 509,879
Public Assistance Personal Services 8,044,780 7,817,280 3,524,209 4,293,071 Contractual Services 2,333,429 2,586,800 2,387,858 198,942 Materials and Supplies 148,252 122,033 75,176 46,857 Capital Outlay 62,000 77,000 67,305 9,695 Other 164,196 148,000 (41,571) 189,571 Total - Public Assistance 10,752,657 10,751,113 6,012,977 4,738,136
Total Expenditures 11,834,066 11,832,522 6,584,507 5,248,015
Excess of Revenues Over (Under) Expenditures (1,704,066) (1,702,522) (279,953) 1,422,569
OTHER FINANCING SOURCES AND USES: Transfers In 270,000 270,000 278,777 8,777 Proceeds from Sale of Capital Assets 581 581 Total Other Financing Sources and Uses 270,000 270,000 279,358 9,358
Net Change in Fund Balance (1,434,066) (1,432,522) (595) 1,431,927
Fund Balance (Deficit) at Beginning of Year 1,431,412 1,431,412 1,431,412
Prior Year Encumbrances Appropriated 3,577 3,577 3,577
Fund Balance (Deficit) at End of Year $ 923 $ 2,467 $ 1,434,394 $ 1,431,927
108 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL CHILDREN SERVICES FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Taxes $ 5,348,700 $ 5,348,700 $ 5,286,671 $ (62,029) Charges for Services 50,000 50,000 35,325 (14,675) Intergovernmental 5,366,700 5,366,700 4,860,449 (506,251) Other 2,921 2,921 Total Revenues 10,765,400 10,765,400 10,185,366 (580,034)
EXPENDITURES: Current: Human Services Childrens Services Personal Services 466,000 429,000 329,003 99,997 Contractual Services 7,788,921 8,101,372 6,954,517 1,146,855 Materials and Supplies 86,900 66,143 50,287 15,856 Capital Outlay 80,000 Other 95,100 56,600 48,341 8,259 Total - Childrens Services 8,516,921 8,653,115 7,382,148 1,270,967
Children Services - Protect Ohio Contractual Services 2,750,000 3,310,000 3,180,105 129,895 Total - Children Services - Protect Ohio 2,750,000 3,310,000 3,180,105 129,895
Total Expenditures 11,266,921 11,963,115 10,562,253 1,400,862
Net Change in Fund Balance (501,521) (1,197,715) (376,887) 820,828
Fund Balance (Deficit) at Beginning of Year 9,927,140 9,927,140 9,927,140
Prior Year Encumbrances Appropriated 354,401 354,401 354,401
Fund Balance (Deficit) at End of Year $ 9,780,020 $ 9,083,826 $ 9,904,654 $ 820,828
109 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL BOARD OF DEVELOPMENTAL DISABILITIES FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Taxes $ 11,485,000 $ 11,485,000 $ 11,350,265 $ (134,735) Charges for Services 60,000 60,000 375,210 315,210 Intergovernmental 4,177,500 4,177,500 4,933,558 756,058 Other 12,167 12,167 Total Revenues 15,722,500 15,722,500 16,671,200 948,700
EXPENDITURES: Current: Health Developmental Disabilities Personal Services 10,627,579 10,628,579 8,646,834 1,981,745 Contractual Services 8,504,642 14,504,169 12,457,364 2,046,805 Materials and Supplies 710,000 710,000 220,439 489,561 Capital Outlay 368,115 364,000 54,241 309,759 Other 374,500 371,000 189,206 181,794 Total Expenditures 20,584,836 26,577,748 21,568,084 5,009,664
Excess of Revenues Over (Under) Expenditures (4,862,336) (10,855,248) (4,896,884) 5,958,364
OTHER FINANCING SOURCES AND USES: Transfers Out (2,000,000) 2,000,000 Total Other Financing Sources and Uses (2,000,000) 2,000,000
Net Change in Fund Balance (4,862,336) (12,855,248) (4,896,884) 7,958,364
Fund Balance (Deficit) at Beginning of Year 23,738,777 23,738,777 23,738,777
Prior Year Encumbrances Appropriated 8,507 8,507 8,507
Fund Balance (Deficit) at End of Year $ 18,884,948 $ 10,892,036 $ 18,850,400 $ 7,958,364
110 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL DOG AND KENNEL FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 975,000 $ 975,000 $ 778,124 $ (196,876) Fines and Forfeitures 8,000 8,000 9,245 1,245 Other 15,000 15,000 31,351 16,351 Total Revenues 998,000 998,000 818,720 (179,280)
EXPENDITURES: Current: General Government: Legislative and Executive Auditor Personal Services 32,938 32,948 30,804 2,144 Materials and Supplies 9,700 9,700 8,413 1,287 Other 125,700 125,690 4,573 121,117 Total - Auditor 168,338 168,338 43,790 124,548
Health Dog and Kennel Personal Services 611,469 611,471 514,178 97,293 Contractual Services 105,363 99,960 78,527 21,433 Materials and Supplies 24,059 33,167 23,256 9,911 Capital Outlay 15,076 5,000 2,964 2,036 Other 11,312 11,236 6,155 5,081 Total - Dog and Kennel 767,279 760,834 625,080 135,754
Total Expenditures 935,617 929,172 668,870 260,302
Excess of Revenues Over (Under) Expenditures 62,383 68,828 149,850 81,022
OTHER FINANCING SOURCES AND USES: Advances Out (60,000) (60,000) (60,000) Total Other Financing Sources and Uses (60,000) (60,000) (60,000)
Net Change in Fund Balance 2,383 8,828 89,850 81,022
Fund Balance (Deficit) at Beginning of Year 1,149,546 1,149,546 1,149,546
Prior Year Encumbrances Appropriated 50,110 50,110 50,110
Fund Balance (Deficit) at End of Year $ 1,202,039 $ 1,208,484 $ 1,289,506 $ 81,022
111 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL REAL ESTATE ASSESSMENT FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 80,000 $ 80,000 $ 77,950 $ (2,050) Licenses and Permits 40 40 Fines and Forfeitures 375,000 375,000 338,367 (36,633) Other 8,500 8,500 18,009 9,509 Total Revenues 463,500 463,500 434,366 (29,134)
EXPENDITURES: Current: General Government: Legislative and Executive Auditor Personal Services 150,414 175,814 161,446 14,368 Contractual Services 1,257,332 2,207,332 2,195,851 11,481 Materials and Supplies 12,425 33,203 32,372 831 Capital Outlay 11,000 11,000 680 10,320 Other 37,000 36,900 25,130 11,770 Total - Auditor 1,468,171 2,464,249 2,415,479 48,770
Treasurer Personal Services 117,570 117,570 114,505 3,065 Contractual Services 1,388 1,388 498 890 Materials and Supplies 5,900 5,900 744 5,156 Other 32,538 32,538 13,956 18,582 Total - Treasurer 157,396 157,396 129,703 27,693
Prosecuting Attorney Personal Services 45,667 47,267 43,610 3,657 Contractual Services 68,000 68,000 56,426 11,574 Materials and Supplies 3,000 3,000 168 2,832 Capital Outlay 3,771 3,771 3,278 493 Other 15,000 25,000 10,932 14,068 Total - Prosecuting Attorney 135,438 147,038 114,414 32,624
Board of Revision Contractual Services 15,432 15,432 12,984 2,448 Materials and Supplies 5,262 5,000 4,179 821 Other 1,500 1,500 125 1,375 Total - Board of Revision 22,194 21,932 17,288 4,644
Geographic Information Systems Personal Services 232,969 246,495 241,716 4,779 Contractual Services 254,279 240,779 204,331 36,448 Materials and Supplies 4,000 4,000 3,660 340 Capital Outlay 30,000 30,000 23,126 6,874 Other 10,000 9,974 4,766 5,208 Total - Geographic Information Systems 531,248 531,248 477,599 53,649
Total Expenditures 2,314,447 3,321,863 3,154,483 167,380
Net Change in Fund Balance (1,850,947) (2,858,363) (2,720,117) 138,246
Fund Balance (Deficit) at Beginning of Year 4,090,905 4,090,905 4,090,905
Prior Year Encumbrances Appropriated 347,286 347,286 347,286
Fund Balance (Deficit) at End of Year $ 2,587,244 $ 1,579,828 $ 1,718,074 $ 138,246
112 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL ENVIRONMENTAL SERVICES FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 969,800 $ 970,472 $ 1,010,863 $ 40,391 Intergovernmental 10,250 10,250 10,250 Other 23,000 23,000 28,005 5,005 Total Revenues 1,003,050 1,003,722 1,049,118 45,396
EXPENDITURES: Current: Conservation and Recreation Sanitary Engineer Personal Services 433,348 433,348 339,455 93,893 Contractual Services 258,569 266,198 236,097 30,101 Materials and Supplies 93,962 71,967 69,966 2,001 Capital Outlay 9,150 9,150 7,854 1,296 Other 14,934 14,049 6,087 7,962 Total Expenditures 809,963 794,712 659,459 135,253
Excess of Revenues Over (Under) Expenditures 193,087 209,010 389,659 180,649
OTHER FINANCING SOURCES AND USES: Proceeds from Sale of Capital Assets 9,762 9,762 Advances In 5,000 5,000 (5,000) Transfers Out (209,926) (209,926) (207,926) 2,000 Advances Out (10,500) (10,500) 10,500 Total Other Financing Sources and Uses (215,426) (215,426) (198,164) 17,262
Net Change in Fund Balance (22,339) (6,416) 191,495 197,911
Fund Balance (Deficit) at Beginning of Year 2,883,593 2,883,593 2,883,593
Prior Year Encumbrances Appropriated 30,439 30,439 30,439
Fund Balance (Deficit) at End of Year $ 2,891,693 $ 2,907,616 $ 3,105,527 $ 197,911
113 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL COMMUNITY MENTAL HEALTH FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Taxes $ 4,184,100 $ 4,184,100 $ 4,132,111 $ (51,989) Intergovernmental 493,000 493,000 492,019 (981) Total Revenues 4,677,100 4,677,100 4,624,130 (52,970)
EXPENDITURES: Current: Health Community Mental Health Contractual Services 27,000 27,000 24,217 2,783 Other 4,600,000 4,600,000 4,599,913 87 Total Expenditures 4,627,000 4,627,000 4,624,130 2,870
Net Change in Fund Balance 50,100 50,100 (50,100)
Fund Balance (Deficit) at Beginning of Year
Fund Balance (Deficit) at End of Year $ 50,100 $ 50,100 $ (50,100)
114 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL COMMUNITY DEVELOPMENT BLOCK GRANT FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Intergovernmental $ 242,000 $ 246,162 $ 66,650 $ (179,512) Other 14,995 22,427 35,008 12,581 Total Revenues 256,995 268,589 101,658 (166,931)
EXPENDITURES: Current: Community and Economic Development Department of Development Contractual Services 373,700 391,883 100,578 291,305 Materials and Supplies 8,938 8,902 746 8,156 Capital Outlay 3,000 8,661 6,051 2,610 Other 132,480 130,870 89,689 41,181 Total Expenditures 518,118 540,316 197,064 343,252
Excess of Revenues Over (Under) Expenditures (261,123) (271,727) (95,406) 176,321
OTHER FINANCING SOURCES AND USES: Transfers In 3,848 4,119 4,024 (95) Total Other Financing Sources and Uses 3,848 4,119 4,024 (95)
Net Change in Fund Balance (257,275) (267,608) (91,382) 176,226
Fund Balance (Deficit) at Beginning of Year 336,058 336,058 336,058
Prior Year Encumbrances Appropriated 728 728 728
Fund Balance (Deficit) at End of Year $ 79,511 $ 69,178 $ 245,404 $ 176,226
115 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL DRUG LAW ENFORCEMENT FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 570,000 $ 570,330 $ 719,654 $ 149,324 Fines and Forfeitures 32,000 42,000 51,571 9,571 Intergovernmental 154,100 404,385 293,744 (110,641) Other 1,000 26,829 25,829 Total Revenues 756,100 1,017,715 1,091,798 74,083
EXPENDITURES: Current: Public Safety Drug Law Enforcement Contractual Services 11,109 39,305 12,000 27,305 Materials and Supplies 6,911 6,936 6,936 Capital Outlay 100,727 81,534 3,787 77,747 Other 1,128 10,537 10,537 Total - Drug Law Enforcement 119,875 138,312 15,787 122,525
Sheriff - Administration Personal Services 426,444 464,982 450,044 14,938 Contractual Services 60,367 265,735 239,574 26,161 Materials and Supplies 18,772 46,034 1,907 44,127 Other 34,240 80,372 16,500 63,872 Total - Sheriff - Administration 539,823 857,123 708,025 149,098
ACE Taskforce Personal Services 152,258 300,540 207,915 92,625 Contractual Services 18,981 57,839 30,192 27,647 Materials and Supplies 6,547 15,525 8,818 6,707 Capital Outlay 32,715 62,742 38,262 24,480 Other 121,953 150,882 50,876 100,006 Total - ACE Taskforce 332,454 587,528 336,063 251,465
Total Expenditures 992,152 1,582,963 1,059,875 523,088
Excess of Revenues Over (Under) Expenditures (236,052) (565,248) 31,923 597,171
OTHER FINANCING SOURCES AND USES: Transfers In 115,811 115,811 28,856 (86,955) Advances In 29,000 60,306 10,000 (50,306) Transfers Out (4,279) (4,279) 4,279 Advances Out (45,722) (79,965) 79,965 Total Other Financing Sources and Uses 94,810 91,873 38,856 (53,017)
Net Change in Fund Balance (141,242) (473,375) 70,779 544,154
Fund Balance (Deficit) at Beginning of Year 579,186 579,186 579,186
Prior Year Encumbrances Appropriated 11,851 11,851 11,851
Fund Balance (Deficit) at End of Year $ 449,795 $ 117,662 $ 661,816 $ 544,154
116 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL CHILD SUPPORT ENFORCEMENT AGENCY FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 640,000 $ 640,000 $ 630,729 $ (9,271) Intergovernmental 1,200,000 1,200,000 1,392,240 192,240 Other 5,000 5,000 74,819 69,819 Total Revenues 1,845,000 1,845,000 2,097,788 252,788
EXPENDITURES: Current: Human Services Public Assistance Personal Services 1,177,500 1,177,500 997,382 180,118 Contractual Services 667,000 667,000 549,124 117,876 Materials and Supplies 5,000 5,000 2,277 2,723 Capital Outlay 16,000 16,000 16,000 Other 20,000 20,000 112 19,888 Total Expenditures 1,885,500 1,885,500 1,548,895 336,605
Net Change in Fund Balance (40,500) (40,500) 548,893 589,393
Fund Balance (Deficit) at Beginning of Year 4,454,730 4,454,730 4,454,730
Fund Balance (Deficit) at End of Year $ 4,414,230 $ 4,414,230 $ 5,003,623 $ 589,393
117 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL COUNTY HOME FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 4,521,000 $ 4,521,000 $ 3,555,889 $ (965,111) Other 23,000 23,000 33,100 10,100
Total Revenues 4,544,000 4,544,000 3,588,989 (955,011)
EXPENDITURES: Current: Human Services Greenewood Manor Personal Services 3,410,991 3,410,991 3,021,522 389,469 Contractual Services 499,995 499,995 320,857 179,138 Materials and Supplies 616,772 613,572 544,785 68,787 Other 51,450 54,650 46,088 8,562 Total Expenditures 4,579,208 4,579,208 3,933,252 645,956
Net Change in Fund Balance (35,208) (35,208) (344,263) (309,055)
Fund Balance (Deficit) at Beginning of Year 761,856 761,856 761,856
Prior Year Encumbrances Appropriated 13,327 13,327 13,327
Fund Balance (Deficit) at End of Year $ 739,975 $ 739,975 $ 430,920 $ (309,055)
118 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL SPRING LAKES PARK FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) EXPENDITURES: Current: Conservation and Recreation Parks and Trails Capital Outlay 463 463 230 233 Total Expenditures 463 463 230 233
Excess of Revenues Over (Under) Expenditures (463) (463) (230) 233
Net Change in Fund Balance (463) (463) (230) 233
Fund Balance (Deficit) at Beginning of Year 463 463 463
Fund Balance (Deficit) at End of Year $ 233 $ 233
119 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL COUNTY HOTEL LODGING FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Taxes $ 1,000,000 $ 1,000,000 $ 1,203,829 $ 203,829 Interest 3,616 3,616 Other 2,000 2,000 5,250 3,250 Total Revenues 1,002,000 1,002,000 1,212,695 210,695
EXPENDITURES: Current: Community and Economic Development Convention and Visitor Bureau Personal Services 411,192 412,272 411,637 635 Contractual Services 171,106 166,140 121,832 44,308 Materials and Supplies 44,484 38,591 34,310 4,281 Capital Outlay 17,711 16,943 11,749 5,194 Other 476,144 467,154 410,996 56,158 Total Expenditures 1,120,637 1,101,100 990,524 110,576
Excess of Revenues Over (Under) Expenditures (118,637) (99,100) 222,171 321,271
OTHER FINANCING SOURCES AND USES: Transfers Out (110,692) (110,692) Total Other Financing Sources and Uses (110,692) (110,692)
Net Change in Fund Balance (118,637) (209,792) 111,479 321,271
Fund Balance (Deficit) at Beginning of Year 1,419,746 1,419,746 1,419,746
Prior Year Encumbrances Appropriated 115,373 115,373 115,373
Fund Balance (Deficit) at End of Year $ 1,416,482 $ 1,325,327 $ 1,646,598 $ 321,271
120 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL HOSPITAL LEVY FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Taxes $ 3,285,900 $ 3,285,900 $ 3,246,901 $ (38,999) Intergovernmental 400,400 400,400 398,777 (1,623) Total Revenues 3,686,300 3,686,300 3,645,678 (40,622)
EXPENDITURES: Current: Health Hospital Operating Contractual Services 31,000 19,095 19,095 Other 3,600,000 3,626,583 3,626,583 Total Expenditures 3,631,000 3,645,678 3,645,678
Net Change in Fund Balance 55,300 40,622 (40,622)
Fund Balance (Deficit) at Beginning of Year
Fund Balance (Deficit) at End of Year $ 55,300 $ 40,622 $ (40,622)
121 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL ADULT DAY CARE FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 332,000 $ 332,000 $ 315,420 $ (16,580) Other 6,250 6,250 8,430 2,180 Total Revenues 338,250 338,250 323,850 (14,400)
EXPENDITURES: Current: Human Services County Home Adult Day Care Today Center Personal Services 231,689 231,689 206,849 24,840 Contractual Services 28,333 28,483 18,403 10,080 Materials and Supplies 29,183 29,033 21,039 7,994 Other 14,745 14,745 223 14,522 Total Expenditures 303,950 303,950 246,514 57,436
Net Change in Fund Balance 34,300 34,300 77,336 43,036
Fund Balance (Deficit) at Beginning of Year 145,720 145,720 145,720
Prior Year Encumbrances Appropriated 1,932 1,932 1,932
Fund Balance (Deficit) at End of Year $ 181,952 $ 181,952 $ 224,988 $ 43,036
122 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL JUVENILE COURT GRANTS FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative)
REVENUES: Charges for Services $ 225,200 $ 225,200 $ 167,257 $ (57,943) Fines and Forfeitures 12,400 12,400 10,969 (1,431) Intergovernmental 4,314,810 4,908,480 2,842,068 (2,066,412) Other 6,896 1,890 (5,006) Total Revenues 4,552,410 5,152,976 3,022,184 (2,130,792)
EXPENDITURES: Current: Public Safety Juvenile Court Personal Services 805,930 850,072 632,281 217,791 Contractual Services 271,403 291,828 72,514 219,314 Materials and Supplies 64,234 62,840 28,750 34,090 Capital Outlay 29,552 116,207 75,906 40,301 Other 13,799 86,129 62,109 24,020 Total - Juvenile Court 1,184,918 1,407,076 871,560 535,516
Juvenile Detention Materials and Supplies 27,006 54,427 32,882 21,545 Capital Outlay 7,057 7,057 7,057 Total - Juvenile Detention 34,063 61,484 32,882 28,602
Juvenile Rehab Personal Services 2,298,710 2,225,432 1,409,754 815,678 Contractual Services 88,109 103,511 61,126 42,385 Materials and Supplies 116,636 151,644 108,814 42,830 Capital Outlay 427,810 634,642 193,795 440,847 Other 22,627 22,235 8,565 13,670 Total - Juvenile Rehab 2,953,892 3,137,464 1,782,054 1,355,410
Total Expenditures 4,172,873 4,606,024 2,686,496 1,919,528
Excess of Revenues Over (Under) Expenditures 379,537 546,952 335,688 (211,264)
OTHER FINANCING SOURCES AND USES: Transfers In 10,800 10,800 26,832 16,032 Advances In 5,000 5,000 (5,000) Transfers Out (943) (112,710) (2,325) 110,385 Advances Out (11,000) (11,000) 11,000 Total Other Financing Sources and Uses 3,857 (107,910) 24,507 132,417
Net Change in Fund Balance 383,394 439,042 360,195 (78,847)
Fund Balance (Deficit) at Beginning of Year 726,859 726,859 726,859
Fund Balance (Deficit) at End of Year $ 1,110,253 $ 1,165,901 $ 1,087,054 $ (78,847)
123 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL PARKS AND TRAILS DONATIONS FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 44,000 $ 44,000 $ 48,715 $ 4,715 Fines and Forfeitures 500 500 526 26 Intergovernmental 1,000,000 1,000,000 1,000,000 Interest 41,000 41,000 45,601 4,601 Other 2,000 3,000 7,252 4,252 Total Revenues 1,087,500 1,088,500 1,102,094 13,594
EXPENDITURES: Current: Conservation and Recreation Unclaimed Funds Contractual Services 1,000 1,000 400 600
Total - Unclaimed Funds 1,000 1,000 400 600
Parks and Trails Contractual Services 1,218,783 1,459,117 1,040,984 418,133 Materials and Supplies 78,994 97,603 41,174 56,429 Capital Outlay 100,000 100,000 100,000 Other 8,891 7,786 4,002 3,784 Total Expenditures 1,406,668 1,664,506 1,086,160 578,346
Excess of Revenues Over (Under) Expenditures (319,168) (576,006) 15,934 591,940
OTHER FINANCING SOURCES AND USES: Transfers In 100,000 100,000 Total Other Financing Sources and Uses 100,000 100,000
Net Change in Fund Balance (319,168) (476,006) 115,934 591,940
Fund Balance (Deficit) at Beginning of Year 1,752,803 1,752,803 1,752,803
Prior Year Encumbrances Appropriated 364,966 364,966 364,966
Fund Balance (Deficit) at End of Year $ 1,798,601 $ 1,641,763 $ 2,233,703 $ 591,940
124 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL HOME ARREST FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 15,000 $ 14,540 $ (460) Total Revenues 15,000 14,540 (460)
EXPENDITURES: Current: Public Safety Common Pleas Court Contractual Services 5,000 17,250 14,233 3,017 Materials and Supplies 1,000 2,000 1,500 500 Other 500 500 Total Expenditures 6,000 19,750 15,733 4,017
Net Change in Fund Balance (6,000) (4,750) (1,193) 3,557
Fund Balance (Deficit) at Beginning of Year 13,250 13,250 13,250
Fund Balance (Deficit) at End of Year $ 7,250 $ 8,500 $ 12,057 $ 3,557
125 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL INDIGENT DRIVERS FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 35,600 $ 35,600 $ 31,306 $ (4,294) Fines and Forfeitures 1,000 1,000 1,333 333 Intergovernmental 900 900 927 27 Total Revenues 37,500 37,500 33,566 (3,934)
EXPENDITURES: Current: Public Safety Juvenile Court Other 850 850 850 Total - Juvenile Court 850 850 850
Clerk of Courts Other 5,000 2,008 656 1,352 Total - Clerk of Courts 5,000 2,008 656 1,352
Xenia Municipal Court Capital Outlay 3,282 3,282 3,282 Other 17,387 7,543 2,570 4,973 Total - Xenia Municipal Court 20,669 10,825 2,570 8,255
Fairborn Municipal Court Capital Outlay 3,598 3,733 3,733 Other 13,907 4,297 2,823 1,474 Total - Fairborn Municipal Court 17,505 8,030 2,823 5,207
Total Expenditures 44,024 21,713 6,049 15,664
Excess of Revenues Over (Under) Expenditures (6,524) 15,787 27,517 11,730
OTHER FINANCING SOURCES AND USES: Transfers Out (24,608) (24,608) Total Other Financing Sources and Uses (24,608) (24,608)
Net Change in Fund Balance (6,524) (8,821) 2,909 11,730
Fund Balance (Deficit) at Beginning of Year 26,202 26,202 26,202
Fund Balance (Deficit) at End of Year $ 19,678 $ 17,381 $ 29,111 $ 11,730
126 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL INDIGENT GUARDIANSHIP FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 15,500 $ 15,500 $ 15,300 $ (200) Other 1,536 1,536 Total Revenues 15,500 15,500 16,836 1,336
EXPENDITURES: Current: Public Safety Probate Court Contractual Services 102,804 102,804 6,822 95,982 Total Expenditures 102,804 102,804 6,822 95,982
Net Change in Fund Balance (87,304) (87,304) 10,014 97,318
Fund Balance (Deficit) at Beginning of Year 102,804 102,804 102,804
Fund Balance (Deficit) at End of Year $ 15,500 $ 15,500 $ 112,818 $ 97,318
127 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL VICTIM WITNESS GRANTS FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 33,000 $ 33,000 $ 32,499 $ (501) Intergovernmental 370,000 370,000 343,080 (26,920) Other 65,100 80,100 59,672 (20,428)
Total Revenues 468,100 483,100 435,251 (47,849)
EXPENDITURES: Current: Public Safety Prosecuting Attorney Personal Services 225,365 548,735 512,970 35,765 Contractual Services 7,200 7,200 7,200 Materials and Supplies 2,060 3,560 2,833 727 Capital Outlay 3,900 3,900 2,650 1,250 Other 9,520 11,386 6,252 5,134 Total - Prosecuting Attorney 248,045 574,781 531,905 42,876
Probate Court Other 32,000 32,644 14,759 17,885 Total - Probate Court 32,000 32,644 14,759 17,885
Total Expenditures 280,045 607,425 546,664 60,761
Excess of Revenues Over (Under) Expenditures 188,055 (124,325) (111,413) 12,912
OTHER FINANCING SOURCES AND USES: Transfers In 7,000 10,000 108,736 98,736 Advances In 21,000 31,700 25,700 (6,000) Transfers Out (44,177) (44,177) 44,177 Total Other Financing Sources and Uses (16,177) (2,477) 134,436 136,913
Net Change in Fund Balance 171,878 (126,802) 23,023 149,825
Fund Balance (Deficit) at Beginning of Year 185,562 185,562 185,562
Prior Year Encumbrances Appropriated 200 200 200
Fund Balance (Deficit) at End of Year $ 357,640 $ 58,960 $ 208,785 $ 149,825
128 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL EQUIPMENT ACQUISITION FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 1,000 $ 1,000 $ 905 $ (95) Intergovernmental 310,000 310,000 305,792 (4,208) Other 100 250 155 (95) Total Revenues 311,100 311,250 306,852 (4,398)
EXPENDITURES: Current: General Government: Legislative and Executive Commissioners Contractual Services 875 905 795 110 Materials and Supplies 161 356 356 Capital Outlay 5,278 5,353 5,353 Other 347,132 347,132 305,792 41,340 Total - Commissioners 353,446 353,746 306,587 47,159
Geographic Information Systems Materials and Supplies 2,500 2,500 1,170 1,330 Capital Outlay 5,000 5,000 5,000 Other 750 750 750 Total - Geographic Information Systems 8,250 8,250 6,170 2,080
Total Expenditures 361,696 361,996 312,757 49,239
Net Change in Fund Balance (50,596) (50,746) (5,905) 44,841
Fund Balance (Deficit) at Beginning of Year 89,074 89,074 89,074
Fund Balance (Deficit) at End of Year $ 38,478 $ 38,328 $ 83,169 $ 44,841
129 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL D.A.R.E. DONATIONS FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Other 50 50 (50) Total Revenues 50 50 (50)
EXPENDITURES: Current: Public Safety Sheriff - Administration Materials and Supplies 501 501 501 Total Expenditures 501 501 501
Net Change in Fund Balance (451) (451) 451
Fund Balance (Deficit) at Beginning of Year 2,031 2,031 2,031
Fund Balance (Deficit) at End of Year $ 1,580 $ 1,580 $ 2,031 $ 451
130 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL INMATE FEES - MEDICAL FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 7,000 $ 7,000 $ 6,818 $ (182) Other 28,000 36,500 36,763 263 Total Revenues 35,000 43,500 43,581 81
EXPENDITURES: Current: Public Safety Sheriff - Administration Contractual Services 10,409 30,529 19,622 10,907 Materials and Supplies 13,929 30,516 23,367 7,149 Capital Outlay 320 10,910 10,910 Other 10 10 10 Total Expenditures 24,668 71,965 42,989 28,976
Excess of Revenues Over (Under) Expenditures 10,332 (28,465) 592 29,057
Net Change in Fund Balance 10,332 (28,465) 592 29,057
Fund Balance (Deficit) at Beginning of Year 25,927 25,927 25,927
Prior Year Encumbrances Appropriated 2,539 2,539 2,539
Fund Balance (Deficit) at End of Year $ 38,798 $ 1 $ 29,058 $ 29,057
131 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL COMMON PLEAS GRANTS FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 914,075 $ 914,075 $ 922,153 $ 8,078 Intergovernmental 367,414 585,041 703,203 118,162 Other 95,100 95,100 8,518 (86,582) Total Revenues 1,376,589 1,594,216 1,633,874 39,658
EXPENDITURES: Current: Public Safety Law Library Personal Services 108,125 108,247 107,576 671 Contractual Services 100 5,246 5,146 100 Materials and Supplies 2,572 2,378 249 2,129 Capital Outlay 2,000 2,000 1,397 603 Other 224,843 210,004 146,028 63,976 Total - Law Library 337,640 327,875 260,396 67,479
Common Pleas Court Personal Services 710,342 1,052,724 637,323 415,401 Contractual Services 58,790 58,699 25,251 33,448 Materials and Supplies 35,755 44,967 17,593 27,374 Capital Outlay 86,480 106,900 53,445 53,455 Other 92,518 82,197 39,001 43,196 Total - Common Pleas Court 983,885 1,345,487 772,613 572,874
Probate Court Personal Services 9,135 9,135 2,810 6,325 Contractual Services 44,333 44,333 6,670 37,663 Materials and Supplies 1,908 4,102 2,950 1,152 Capital Outlay 3,145 3,145 1,647 1,498 Other 16,277 16,277 7,181 9,096 Total - Probate Court 74,798 76,992 21,258 55,734
Clerk of Courts Contractual Services 58,300 58,300 57,943 357 Total - Clerk of Courts 58,300 58,300 57,943 357
Domestic Relations Court Personal Services 118,162 118,162 110,481 7,681 Contractual Services 5,400 5,400 3,600 1,800 Materials and Supplies 1,000 1,000 78 922 Capital Outlay 5,100 11,100 4,039 7,061 Other 1,000 1,000 1,000 Total - Domestic Relations Court 130,662 136,662 118,198 18,464
Total Expenditures 1,585,285 1,945,316 1,230,408 714,908
Excess of Revenues Over (Under) Expenditures (208,696) (351,100) 403,466 754,566
OTHER FINANCING SOURCES AND USES: Transfers Out (1,827) (29,617) (27,790) 1,827 Total Other Financing Sources and Uses (1,827) (29,617) (27,790) 1,827
Net Change in Fund Balance (210,523) (380,717) 375,676 756,393
Fund Balance (Deficit) at Beginning of Year 2,306,471 2,306,471 2,306,471
Prior Year Encumbrances Appropriated 34,930 34,930 34,930
Fund Balance (Deficit) at End of Year $ 2,130,878 $ 1,960,684 $ 2,717,077 $ 756,393
132 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL FAMILY AND CHILDREN FIRST COUNCIL FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 4,500 $ 4,500 $ 8,580 $ 4,080 Intergovernmental 410,744 415,144 444,991 29,847 Other 520 520 Total Revenues 415,244 419,644 454,091 34,447
EXPENDITURES: Current: Human Services Administration Personal Services 222,844 270,773 231,180 39,593 Contractual Services 35,226 54,561 42,178 12,383 Materials and Supplies 1,470 1,505 1,044 461 Capital Outlay 702 526 386 140 Other 4,950 10,673 7,481 3,192 Total - Administration 265,192 338,038 282,269 55,769
Family Relation Services Personal Services 132,902 135,429 133,118 2,311 Contractual Services 100 100 100 Materials and Supplies 300 300 26 274 Capital Outlay 209 209 Other 940 1,690 913 777 Total - Family Relation Services 134,242 137,728 134,266 3,462
Parent Support Personal Services 121,946 121,955 86,463 35,492 Contractual Services 1,825 1,808 529 1,279 Materials and Supplies 2,590 3,587 3,031 556 Capital Outlay 209 209 Other 19,000 19,000 3,868 15,132 Total - Parent Support 145,361 146,559 94,100 52,459
FFR Visitation Center Personal Services 120,710 120,717 116,253 4,464 Contractual Services 1,541 1,529 1,233 296 Materials and Supplies 4,425 4,339 3,633 706 Other 625 650 283 367 Total - FFR Visitation Center 127,301 127,235 121,402 5,833
Total Expenditures 672,096 749,560 632,037 117,523
Excess of Revenues Over (Under) Expenditures (256,852) (329,916) (177,946) 151,970
OTHER FINANCING SOURCES AND USES: Transfers In 213,500 213,500 222,176 8,676 Advances In 50,000 50,000 45,000 (5,000) Transfers Out (4,341) 4,341 Advances Out (80,000) (80,000) Total Other Financing Sources and Uses 263,500 179,159 187,176 8,017
Net Change in Fund Balance 6,648 (150,757) 9,230 159,987
Fund Balance (Deficit) at Beginning of Year 223,437 223,437 223,437
Prior Year Encumbrances Appropriated 4,752 4,752 4,752
Fund Balance (Deficit) at End of Year $ 234,837 $ 77,432 $ 237,419 $ 159,987
133 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL EMERGENCY MANAGEMENT GRANTS FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Intergovernmental $ 100,000 $ 100,000 $ 99,572 $ (428) Other 29,083 29,083 Total Revenues 100,000 100,000 128,655 28,655
EXPENDITURES: Current: Public Safety Emergency Management Agency Personal Services 103,258 104,283 104,133 150 Contractual Services 58,343 58,343 52,146 6,197 Materials and Supplies 2,415 2,415 1,615 800 Capital Outlay 3,000 3,000 3,000 Other 10,245 9,220 1,145 8,075 Total Expenditures 177,261 177,261 159,039 18,222
Excess of Revenues Over (Under) Expenditures (77,261) (77,261) (30,384) 46,877
OTHER FINANCING SOURCES AND USES: Transfers In 29,083 29,083 (29,083) Total Other Financing Sources and Uses 29,083 29,083 (29,083)
Net Change in Fund Balance (48,178) (48,178) (30,384) 17,794
Fund Balance (Deficit) at Beginning of Year 105,502 105,502 105,502
Prior Year Encumbrances Appropriated 27,353 27,353 27,353
Fund Balance (Deficit) at End of Year $ 84,677 $ 84,677 $ 102,471 $ 17,794
134 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL CONCEALED HANDGUN LICENSE FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Licenses and Permits $ 200,000 $ 238,648 $ 241,858 $ 3,210 Total Revenues 200,000 238,648 241,858 3,210
EXPENDITURES: Current: Public Safety Sheriff - Administration Personal Services 19,609 103,491 50,509 52,982 Contractual Services 152,226 266,158 116,664 149,494 Materials and Supplies 22,834 50,244 5,580 44,664 Capital Outlay 44,913 59,695 12,524 47,171 Other 23,670 44,874 24,039 20,835 Total Expenditures 263,252 524,462 209,316 315,146
Net Change in Fund Balance (63,252) (285,814) 32,542 318,356
Fund Balance (Deficit) at Beginning of Year 272,074 272,074 272,074
Prior Year Encumbrances Appropriated 15,177 15,177 15,177
Fund Balance (Deficit) at End of Year $ 223,999 $ 1,437 $ 319,793 $ 318,356
135 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL COUNCIL ON AGING FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Taxes $ 5,129,500 $ 5,129,500 $ 5,071,020 $ (58,480) Intergovernmental 482,400 482,400 479,900 (2,500) Total Revenues 5,611,900 5,611,900 5,550,920 (60,980)
EXPENDITURES: Current: Human Services Political Subdivisions Contractual Services 31,000 29,264 29,264 Other 5,500,000 5,521,656 5,521,656 Total Expenditures 5,531,000 5,550,920 5,550,920
Excess of Revenues Over (Under) Expenditures 80,900 60,980 (60,980)
Net Change in Fund Balance 80,900 60,980 (60,980)
Fund Balance (Deficit) at Beginning of Year
Fund Balance (Deficit) at End of Year $ 80,900 $ 60,980 $ (60,980)
136 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL ROAD ASSESSMENT DEBT SERVICE FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) OTHER FINANCING SOURCES AND USES: Transfers Out $ (9,870) $ (9,870) Total Other Financing Sources and Uses (9,870) (9,870)
Net Change in Fund Balance (9,870) (9,870)
Fund Balance (Deficit) at Beginning of Year 9,870 9,870 9,870
Fund Balance (Deficit) at End of Year $ 9,870
137 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL VARIOUS PURPOSE LONG-TERM OBLIGATION BONDS FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) EXPENDITURES: Debt Service: Principal Retirement $ 725,000 $ 725,000 $ 725,000 Interest and Fiscal Charges 479,466 479,466 479,466 Total Expenditures 1,204,466 1,204,466 1,204,466
Excess of Revenues Over (Under) Expenditures (1,204,466) (1,204,466) (1,204,466)
OTHER FINANCING SOURCES AND USES: Transfers In 1,204,466 1,204,466 1,278,976 74,510 Transfers Out (674) (674) Total Other Financing Sources and Uses 1,204,466 1,203,792 1,278,302 74,510
Net Change in Fund Balance (674) 73,836 74,510
Fund Balance (Deficit) at Beginning of Year 868,028 868,028 868,028
Fund Balance (Deficit) at End of Year $ 868,028 $ 867,354 $ 941,864 $ 74,510
138 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL TAX INCENTIVE PROJECT DEBT FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Taxes $ 280,000 $ 280,000 $ 290,066 $ 10,066 Intergovernmental 445,688 445,688 468,256 22,568 Total Revenues 725,688 725,688 758,322 32,634
EXPENDITURES: Current: General Government: Legislative and Executive Commissioners Contractual Services 28,500 28,500 23,475 5,025 Total - General Government: 28,500 28,500 23,475 5,025
Debt Service: Principal Retirement 635,000 635,000 635,000 Interest and Fiscal Charges 312,041 312,041 312,041 Total - Debt Service: 947,041 947,041 947,041
Total Expenditures 975,541 975,541 970,516 5,025
Excess of Revenues Over (Under) Expenditures (249,853) (249,853) (212,194) 37,659
OTHER FINANCING SOURCES AND USES: Transfers In 834,066 834,066 310,304 (523,762) Transfers Out (550,000) (550,000) 550,000 Total Other Financing Sources and Uses 284,066 284,066 310,304 26,238
Net Change in Fund Balance 34,213 34,213 98,110 63,897
Fund Balance (Deficit) at Beginning of Year 792,027 792,027 792,027
Fund Balance (Deficit) at End of Year $ 826,240 $ 826,240 $ 890,137 $ 63,897
139 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL BUILDING ROAD AND CONSTRUCTION FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Interest $ 76,000 $ 76,000 $ 58,796 $ (17,204) Other 10,000 10,000 119,371 109,371 Total Revenues 86,000 86,000 178,167 92,167
EXPENDITURES: Capital Outlay Contractual Services 2,000 643 250 393 Capital Outlay 290,000 1,835,455 1,631,882 203,573 Total - Capital Outlay 292,000 1,836,098 1,632,132 203,966
Debt Service: Principal Retirement 82,000 82,000 82,000 Interest and Fiscal Charges 1,504 1,722 1,722 Total - Debt Service: 83,504 83,722 83,722
Total Expenditures 375,504 1,919,820 1,715,854 203,966
Excess of Revenues Over (Under) Expenditures (289,504) (1,833,820) (1,537,687) 296,133
OTHER FINANCING SOURCES AND USES: Transfers In 1,563,889 2,066,556 502,667 Notes Issued 80,000 162,000 82,000 (80,000) Transfers Out (80,000) (80,000) (63,369) 16,631 Total Other Financing Sources and Uses 1,645,889 2,085,187 439,298
Net Change in Fund Balance (289,504) (187,931) 547,500 735,431
Fund Balance (Deficit) at Beginning of Year 2,895,878 2,895,878 2,895,878
Prior Year Encumbrances Appropriated 4 4 4
Fund Balance (Deficit) at End of Year $ 2,606,378 $ 2,707,951 $ 3,443,382 $ 735,431
140 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL CHASE STEWART TRUST FOR THE YEAR ENDED DECEMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Interest $ 600 $ 600 $ 1,071 $ 471 Total Revenues 600 600 1,071 471
EXPENDITURES: Current: General Government: Legislative and Executive Trust Funds Other 15,376 15,376 15,376 Total Expenditures 15,376 15,376 15,376
Net Change in Fund Balance (14,776) (14,776) 1,071 15,847
Fund Balance (Deficit) at Beginning of Year 87,428 87,428 87,428
Fund Balance (Deficit) at End of Year $ 72,652 $ 72,652 $ 88,499 $ 15,847
141 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL WATER FOR THE YEAR ENDED DECMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Charges for Services $ 10,045,000 $ 10,045,000 $ 10,923,822 $ 878,822 Intergovernmental 83,481 83,481 Special Assessments 111,424 111,424 148,452 37,028 Interest 50,000 50,000 45,611 (4,389) Other 210,000 210,000 211,610 1,610 Total Revenues 10,416,424 10,416,424 11,412,976 996,552
EXPENDITURES Public Works: Sanitary Engineer: Personal Services 2,698,960 2,699,015 2,373,907 325,108 Contractual Services 1,615,697 1,681,999 1,381,896 300,103 Materials and Supplies 2,448,044 2,363,588 2,227,342 136,246 Capital Outlay 14,106,552 13,424,576 7,507,041 5,917,535 Other 94,838 102,866 68,492 34,374 Debt Service: Principal Retirement 3,914,256 3,900,732 3,900,732 Interest and Fiscal Charges 1,128,910 1,394,204 1,394,204 Total Expenditures 26,007,257 25,566,980 18,853,614 6,713,366
Excess of Revenues Over (Under) Expenditures (15,590,833) (15,150,556) (7,440,638) 7,709,918
OTHER FINANCING SOURCES AND USES: Proceeds on Sale of Capital Assets 15,527 15,527 Special Assessment Bonds Issued 695,000 695,000 OPWC Loan Proceeds 700,000 700,000 274,429 (425,571) Transfers In 4,042,693 4,042,693 28,813 (4,013,880) Transfers Out (4,370,693) (4,370,693) 4,370,693 Total Other Financing Sources and Uses 372,000 372,000 1,013,769 641,769
Net Change in Fund Balance (15,218,833) (14,778,556) (6,426,869) 8,351,687
Fund Balance (Deficit) at Beginning of Year 15,089,956 15,089,956 15,089,956
Prior Year Encumbrances Appropriated 6,625,256 6,625,256 6,625,256
Fund Balance (Deficit) at End of Year $ 6,496,379 $ 6,936,656 $ 15,288,343 $ 8,351,687
142 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL SEWER FOR THE YEAR ENDED DECMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative)
REVENUES: Charges for Services $ 19,730,000 $ 19,730,000 $ 21,251,968 $ 1,521,968 Intergovernmental 22,309 22,309 Special Assessments 319,248 319,248 354,971 35,723 Other 353,000 353,000 214,037 (138,963) Total Revenues 20,402,248 20,402,248 21,843,285 1,441,037
EXPENDITURES: Public Works: Sanitary Engineer: Personal Services 3,192,498 3,192,498 2,904,932 287,566 Contractual Services 2,517,702 2,962,924 2,398,073 564,851 Materials and Supplies 2,922,468 2,704,412 2,648,335 56,077 Capital Outlay 2,587,120 2,194,018 950,070 1,243,948 Other 134,251 159,133 128,432 30,701 Debt Service: Principal Retirement 3,011,690 3,044,414 3,044,414 Interest and Fiscal Charges 9,446,352 9,550,824 9,549,559 1,265 Total Expenditures 23,812,081 23,808,223 21,623,815 2,184,408
Excess of Revenues Over (Under) Expenditures (3,409,833) (3,405,975) 219,470 3,625,445
OTHER FINANCING SOURCES AND USES: Proceeds on Sale of Capital Assets 1,033 1,033 Transfers In 8,685,742 8,685,742 63,935 (8,621,807) Transfers Out (8,710,741) (9,210,741) 9,210,741 Total Other Financing Sources and Uses (24,999) (524,999) 64,968 589,967
Net Change in Fund Balance (3,434,832) (3,930,974) 284,438 4,215,412
Fund Balance (Deficit) at Beginning of Year 14,947,822 14,947,822 14,947,822
Prior Year Encumbrances Appropriated 987,763 987,763 987,763
Fund Balance (Deficit) at End of Year $ 12,500,753 $ 12,004,611 $ 16,220,023 $ 4,215,412
143 GREENE COUNTY, OHIO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (NON-GAAP BASIS) AND ACTUAL COUNTY HEALTH CARE FOR THE YEAR ENDED DECMBER 31, 2018
Variance with Final Budget - Budgeted Amounts Actual Positive Original Final Amounts (Negative)
REVENUES: Charges for Services $ 13,800,000 $ 13,800,000 $ 14,620,709 $ 820,709 Other 500,000 500,000 650,996 150,996 Total Revenues 14,300,000 14,300,000 15,271,705 971,705
EXPENDITURES: Contractual Services 16,429,719 16,429,719 14,716,923 1,712,796 Total Expenditures 16,429,719 16,429,719 14,716,923 1,712,796
Excess of Revenues Over (Under) Expenditures (2,129,719) (2,129,719) 554,782 2,684,501
OTHER FINANCING SOURCES AND USES: Transfers In 484 484 Total Other Financing Sources and Uses 484 484
Net Change in Fund Balance (2,129,719) (2,129,719) 555,266 2,684,985
Fund Balance (Deficit) at Beginning of Year 4,790,054 4,790,054 4,790,054
Fund Balance (Deficit) at End of Year $ 2,660,335 $ 2,660,335 $ 5,345,320 $ 2,684,985
144 GREENE COUNTY, OHIO COMBINING SCHEDULE OF CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUNDS FOR THE YEAR ENDED DECEMBER 31, 2018
Balance Balance 12/31/2017 Additions Deductions 12/31/2018
PAYROLL AGENCY ASSETS: Equity in Pooled Cash and Cash Equivalents $ 223,923 $ 53,883,35 8 $ 53,876,901 $ 230,380
LIABILITIES: Payroll Withholdings $ 223,923 $ 53,883,35 8 $ 53,876,901 $ 230,380
UNDIVIDED TAX AGENCY ASSETS: Equity in Pooled Cash and Cash Equivalents $ 13,737,142 $ 272,352,145 $ 278,948,194 $ 7,141,093 Taxes Levied for Other Governments 217,414,058 231,230,850 217,414,058 231,230,850 Total Assets $ 231,151,200 $ 503,582,99 5 $ 496,362,25 2 $ 238,371,94 3
LIABILITIES: Due to Other Governments $ 217,602,252 $ 425,061,315 $ 417,966,285 $ 224,697,282 Due to Other Funds 51,629,280 51,629,280 Other Liabilities 13,548,948 26,892,400 26,766,687 13,674,661 Total Liabilities $ 231,151,200 $ 503,582,99 5 $ 496,362,25 2 $ 238,371,94 3
OTHER AGENCY ASSETS: Cash and Cash Equivalents in Segregated Accounts $ 2,616,296 $ 33,675,79 5 $ 33,469,232 $ 2,822,859
LIABILITIES: Other Liabilities $ 2,616,296 $ 33,675,79 5 $ 33,469,232 $ 2,822,859
POLITICAL SUBDIVISION AGENCY ASSETS: Equity in Pooled Cash and Cash Equivalents $ 12,375,435 $ 237,947,03 2 $ 239,467,17 2 $ 10,855,29 5
LIABILITIES: Due to Other Governments $ 12,375,435 $ 237,947,03 2 $ 239,467,17 2 $ 10,855,29 5
TOTALS ASSETS: Equity in Pooled Cash and Cash Equivalents $ 26,336,500 $ 564,182,535 $ 572,292,267 $ 18,226,768 Cash and Cash Equivalents in Segregated Accounts 2,616,296 33,675,795 33,469,232 2,822,859 Taxes Levied for Other Governments 217,414,058 231,230,850 217,414,058 231,230,850 Total Assets $ 246,366,854 $ 829,089,18 0 $ 823,175,55 7 $ 252,280,47 7
LIABILITIES: Due to Other Governments $ 229,977,687 $ 663,008,347 $ 657,433,457 $ 235,552,577 Due to Other Funds 51,629,280 51,629,280 Payroll Withholdings 223,923 53,883,358 53,876,901 230,380 Other Liabilities 16,165,244 60,568,195 60,235,919 16,497,520 Total Liabilities $ 246,366,854 $ 829,089,18 0 $ 823,175,55 7 $ 252,280,47 7
145 GREENE COUNTY, OHIO CAPITAL ASSETS USED IN THE OPERATION OF GOVERNMENTAL FUNDS COMPARATIVE SCHEDULES BY SOURCE DECEMBER 31, 2018
Governmental funds capital assets: Land...... $ 2,564,258 Buildings, Structures & Improvements...... 40,909,834 Equipment, Furniture and Fixtures…………………………………. 14,530,503 Infrastructure………………………………………………………. 131,337,294
Total governmental funds capital assets…………………………………$ 189,341,889
Investment in governmental funds capital assets by source: General Fund...... $ 43,321,116 Special Revenue Funds...... 146,020,773
Total governmental funds capital assets………………………… $ 189,341,889
146 CAPITAL ASSETS USED IN THE OPERATION OF GOVERNMENTAL FUNDS SCHEDULE BY FUNCTION AND ACTIVITY DECEMBER 31, 2018
Buildings, Furniture, Structures and Fixtures and Construction Function and Activity Land Improvements Equipment Infrastructure in Progress Total
General Government Legislative and Executive Commissioners...... $ 3,800,000 $ 29,735 $ 3,829,735 Auditor...... 342,355 342,355 Data Processing...... 489,519 489,519 Building Maintenance………………… 722,337 722,337 Other Legislative and Executive...... 1,095,847 1,095,847 Land & Buildings...... 1,058,004 7,079,248 8,137,252 Judicial Common Pleas Court...... 322,218 322,218 Probate Court...... 60,407 60,407 Clerk of Courts...... 56,840 56,840 Juvenile Court………………………… 194,443 194,443 Other Judicial…………………………… 126,559 126,559 Land & Buildings...... 25,920 6,176,782 6,202,702 Total General Government...... 1,083,924 17,056,030 3,440,260 21,580,214
Public Safety Coroner...... 102,845 102,845 Sheriff...... 1,989,817 1,989,817 Adult Probation...... 57,688 57,688 Building Inspection...... 172,750 172,750 Ace Task Force…………………………… 12,500 12,500 Juvenile Detention………………………… 76,927 76,927 Emergency Management………………… 35,228 35,228 Land & Buildings...... 5,910 15,900,882 15,906,792 Total Public Safety...... 5,910 15,900,882 2,447,755 18,354,547
Public Works Engineer and Highways...... 4,968,422 131,337,294 136,305,716 WAN Group………………………………… 754,688 754,688 Garbage & Refuse………………………… 477,729 477,729 Land & Buildings...... 23,867 2,657,379 2,681,246 Total Public Works...... 23,867 2,657,379 6,200,839 131,337,294 140,219,379
Health Animal Control...... 91,354 91,354 Developmental Disabilities...... 390,478 390,478 Land & Buildings...... 38,800 1,577,123 1,615,923 Total Health...... 38,800 1,577,123 481,832 2,097,755
Human Services County Home...... 111,489 111,489 Children Services...... 199,821 199,821 Public Assistance...... 151,589 151,589 Veterans Service Commission…………… 91,371 91,371 Land & Buildings...... 426,710 2,073,636 2,500,346 Total Human Services...... 426,710 2,073,636 554,270 3,054,616
Community and Economic Development Convention & Visitors Bureau...... 94,058 94,058 Department of Development...... 16,950 16,950 Land & Buildings...... 121,030 1,279,994 1,401,024 Total Community & Economic Developmen 121,030 1,279,994 111,008 1,512,032
Conservation & Recreation Recreation & Parks...... 1,294,539 1,294,539 Land & Buildings...... 864,017 364,790 1,228,807 Total Conservation & Recreation...... 864,017 364,790 1,294,539 2,523,346
Total General Capital Assets...... $ 2,564,258 $ 40,909,834 $ 14,530,503 $ 131,337,294 $ - $ 189,341,889
147 GREENE COUNTY, OHIO CAPITAL ASSETS USED IN THE OPERATION OF GOVERNMENTAL FUNDS SCHEDULE OF CHANGES BY FUNCTION AND ACTIVITY FOR THE YEAR ENDED DECEMBER 31, 2018
Governmental Governmental Fund Capital Fund Capital Assets Assets Function and Activity January 1, 2018 Additions Deductions December 31, 2018
General Government Legislative and Executive Commissioners...... $ 3,829,735 $ 3,829,735 Auditor...... 342,355 342,355 Data Processing...... 347,266 $ 142,253 489,519 Building Maintenance………………………………… 720,030 20,023 $ 17,716 722,337 Other Legislative and Executive...... 1,055,588 40,260 1,095,848 Land & Buildings...... 8,137,251 8,137,251 Judicial Common Pleas Court...... 307,270 14,948 322,218 Probate Court...... 60,407 60,407 Clerk of Courts...... 56,840 56,840 Juvenile Court………………………………………… 222,733 28,290 194,443 Other Judicial………………………………………. 126,559 126,559 Land & Buildings...... 6,202,702 6,202,702 Total General Government...... 21,408,736 217,484 46,006 21,580,214
Public Safety Coroner...... 102,845 102,845 Sheriff...... 1,935,260 193,831 139,275 1,989,816 Adult Probation...... 57,688 57,688 Building Inspection...... 172,751 172,751 Ace Task Force………………………………………… 17,500 5,000 12,500 Juvenile Detention……………………………………… 76,927 76,927 Emergency Management……………………………… 35,228 35,228 Land & Buildings...... 15,906,792 15,906,792 Total Public Safety...... 18,304,991 193,831 144,275 18,354,547
Public Works Engineer and Highways...... 135,933,180 765,415 392,879 136,305,716 WAN Group……………………………………………… 438,048 711,475 394,835 754,688 Environmental Services………………………………… 496,274 18,545 477,729 Land & Buildings...... 2,681,246 2,681,246 Total Public Works...... 139,548,748 1,476,890 806,259 140,219,379
Health Animal Control...... 91,354 91,354 Developmental Disabilities...... 536,449 145,971 390,478 Land & Buildings...... 2,336,143 720,220 1,615,923 Total Health...... 2,963,946 866,191 2,097,755
Human Services County Home...... 111,489 111,489 Children Services...... 215,241 15,420 199,821 Public Assistance...... 114,149 37,440 151,589 Veterans Service Commission………………………… 91,371 91,371 Land & Buildings...... 2,500,346 2,500,346 Total Human Services...... 3,032,596 37,440 15,420 3,054,616
Community and Economic Development Convention & Visitor's Bureau...... 94,058 94,058 Department of Development...... 16,950 16,950 Land & Buildings...... 1,401,024 1,401,024 Total Community & Economic Development…………… 1,512,032 1,512,032
Conservation & Recreation Recreation & Parks...... 1,220,637 93,222 19,320 1,294,539 Land & Buildings...... 1,103,607 125,200 1,228,807 Total Conservation & Recreation...... 2,324,244 218,422 19,320 2,523,346
Total General Capital Assets...... …… $ 189,095,293 $ 2,144,067 $ 1,897,471 $ 189,341,889
148 STATISTICAL SECTION
Backside of Section Divider GREENE COUNTY, OHIO STATISTICAL SECTION - TABLE OF CONTENTS DECEMBER 31, 2018
This part of the Comprehensive Annual Financial Report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the County's overall financial health.
Contents Page(s)
Financial Trends 150-156
These schedules contain trend information to help the reader understand how the County's financial position has changed over time.
Revenue Capacity 157-163
These schedules contain information to help the reader understand and assess the factors affecting the County's ability to generate its most significant local revenue sources, the property tax and the sales tax.
Debt Capacity 164-169
These schedules present information to help the reader assess the affordability of the County's current levels of outstanding debt and the County's ability to issue additional debt in the future.
Demographic and Economic Information 170-173
These schedules offer economic and demographic indicators to help the reader understand the environment within which the County's financial activities take place and to provide information that facilitates comparisons of financial information over time and among governments.
Operating Information 174-176
These schedules contain service and infrastructure data to help the reader understand how the information in the County's financial report relates to the services the County provides and the activities it performs.
Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year.
149 Table 1 Greene County, Ohio Net Position by Component Last Ten Fiscal Years (Accrual Basis of Accounting)
2009 2010 2011 2012 Governmental Activities Net investment in capital assets…………………$ 140,712,231 $ 140,844,591 $ 133,362,088 $ 133,455,943 Restricted………………………………………… 47,824,504 52,741,642 59,398,499 60,329,538 Unrestricted……………………………………… 4,715,085 9,771,616 24,578,217 26,860,601 Total Governmental Activities Net Position…………$ 193,251,820 $ 203,357,849 $ 217,338,804 $ 220,646,082
Business-type Activities Net investment in capital assets…………………$ 90,502,130 $ 85,800,405 $ 89,510,038 $ 90,885,709 Restricted………………………………………… 3,155,010 3,053,999 8,580,411 8,606,969 Unrestricted……………………………………… 16,664,647 31,620,110 27,284,032 30,419,735 Total Business-type Activities Net Position…………$ 110,321,787 $ 120,474,514 $ 125,374,481 $ 129,912,413
Primary Government Net investment in capital assets…………………$ 231,214,361 $ 226,644,996 $ 222,872,126 $ 224,341,652 Restricted………………………………………… 50,979,514 55,795,641 67,978,910 68,936,507 Unrestricted……………………………………… 21,379,732 41,391,726 51,862,249 57,280,336 Total Primary Government Net Position………………$ 303,573,607 $ 323,832,363 $ 342,713,285 $ 350,558,495
(a) - 2014 net position was restated due to the implementation of GASB 68. (b) - 2017 net position was restated due to the implementation of GASB 75.
Governmental Activities Net Position
$250
$200
$150
$100 Millions $50
$0
($50)
($100) 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Net Investment in Capital Assets Restricted Unrestricted
150 2013 2014(a) 2015 2016 2017(b) 2018
$ 138,857,976 $ 151,976,215 $ 151,517,853 $ 151,356,072 $ 151,595,956 $ 152,433,542 63,196,051 60,982,816 66,057,173 67,801,893 72,506,082 73,069,982 27,325,592 (13,363,553) (9,052,123) (8,616,978) (45,117,391) (50,249,985) $ 229,379,619 $ 199,595,478 $ 208,522,903 $ 210,540,987 $ 178,984,647 $ 175,253,539
$ 99,567,512 $ 103,660,266 $ 108,197,018 $ 115,363,241 $ 124,715,210 $ 128,771,844 2,643,753 9,531,013 8,630,839 17,311,731 17,430,571 18,511,145 29,461,992 22,099,906 26,832,469 18,738,841 16,286,148 18,168,357 $ 131,673,257 $ 135,291,185 $ 143,660,326 $ 151,413,813 $ 158,431,929 $ 165,451,346
$ 238,425,488 $ 255,636,481 $ 259,714,871 $ 266,719,313 $ 276,311,166 $ 281,205,386 65,839,804 70,513,829 74,688,012 85,113,624 89,936,653 91,581,127 56,787,584 8,736,353 17,780,346 10,121,863 (28,831,243) (32,081,628) $ 361,052,876 $ 334,886,663 $ 352,183,229 $ 361,954,800 $ 337,416,576 $ 340,704,885
Business-type Activities Net Position
$180 $160 $140 $120 $100 Millions $80 $60 $40 $20 $0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Unrestricted Restricted Net Investment in Capital Assets
151 Table 2 Greene County, Ohio Fund Balances, Governmental Funds Last Ten Fiscal Years (Modified Accrual Basis of Accounting)
2009 2010 (a) 2011 (a) 2012 (a) General Fund Reserved……………………………………………$ 395,983 $ - $ - $ - Unreserved………………………………………… 13,889,891 - - - Restatements Nonspendable: Due From Other Funds…………………… - 105,090 75,475 121,483 Interfund Receivables……………………… - 102,227 136,481 140,466 Unclaimed Funds………………………….. 423,398 438,581 472,883 Prepaid Expenses………………………….. Committed: Other Purposes……………………………… - 700,449 2,138,635 - Assigned for Encumbrances…………………… - - - 2,144,837 Assigned for Budgetary Resource……………. - 2,825,877 6,793,065 Unassigned………………………………………… - 17,019,588 17,720,052 15,824,344 Total Fund Balance: General Fund………………… $ 14,285,874 $ 18,350,752 $ 23,335,101 $ 25,497,078
All Other Governmental Funds Reserved……………………………………………$ 3,148,399 $ - $ - $ - Unreserved, Reported In: Special Revenue Funds…………………… 42,638,769 - - - Debt Service Funds………………………… (210,956) - - - Capital Project Funds……………………… 100,281 - - - Restatements Nonspendable: Due From Other Funds…………………… - 35,820 10,245 57,385 Interfund Receivables……………………… - 37,305 - - Principal of Trust Funds…………………… - 95,306 96,292 92,595 Prepaid Expenses………………………….. Restricted: Job and Family Services…………………… - 832,262 713,540 1,595,020 Developmental Disabilities………………… - 21,391,669 23,526,374 24,858,755 Motor Vehicle, Road & Bridge……………… - 10,342,188 10,382,724 8,852,854 Childrens Services………………………… - 2,020,315 3,666,694 5,031,948 Other Purposes……………………………… - 15,260,575 18,771,554 22,150,887 Committed: Adult Day Care Services…………………… - 20,515 24,988 16,429 Parks & Trails Donations…………………… - 116,385 150,005 260,200 County Home………………………………. - - 239,586 Inmate Medical Fees……………………… - 12,341 13,887 21,118 Capital Projects………………………….. - - - Long Term Debt Obligations……………… - 35,720 287,925 461,511 Unassigned………………………………………… - (9,200,248) (157,696) - Total All Other Governmental Funds…………………$ 45,676,493 $ 41,000,153 $ 57,486,532 $ 63,638,288
(a) The change in fund balance equity accounts has occurred due to the implementation of GASB 54 for 2011.
152 2013 (a) 2014 (a) 2015 (a) 2016 (a) 2017 (a) 2018 (a)
$ - $ - $ - $ - $ - $ ------
102,503 98,701 76,346 105,216 417,834 333,438 403,747 332,820 208,727 34,014 21,515 48,456 544,507 620,385
- - - 1,195,023 1,901,221 725,988 1,122,345 3,458,270 3,571,145 4,747,479 2,950,311 6,790,129 5,666,947 9,111,525 6,257,982 20,998,399 22,768,440 25,743,352 27,461,194 26,392,385 28,574,930 $ 27,552,367 $ 28,469,327 $ 33,877,980 $ 34,284,500 $ 39,528,202 $ 39,072,898
$ - $ - $ - $ - $ - $ -
------
2,307 174,842 33,282 - 20,000 91,493 70,800 70,800 70,800 70,800 70,800 357,179 5,665,584
491,121 605,347 1,121,770 1,152,750 943,421 1,114,985 25,138,814 24,271,828 23,827,962 23,142,051 23,597,991 18,102,969 9,001,740 8,700,977 10,262,367 9,737,869 10,603,117 10,613,995 7,280,512 7,375,169 7,732,767 9,004,035 10,383,988 10,355,451 18,914,850 18,800,498 19,403,984 20,458,428 21,027,149 21,839,999
12,688 - 5,780 41,495 132,490 213,365 288,073 384,887 358,751 1,285,620 2,112,459 2,371,863 270,179 34,078 379,952 469,989 613,919 311,925 26,468 13,589 13,828 12,087 27,385 29,064 - 493,722 1,547,890 1,146,387 2,741,659 3,300,271 626,437 801,023 972,884 2,011,040 868,032 941,868 - (3,028) $ 62,144,682 $ 61,743,732 $ 65,732,017 $ 68,532,551 $ 73,479,589 $ 74,932,139
153 Table 3 Greene County, Ohio Changes in Net Position Last Ten Fiscal Years (Accrual Basis of Accounting)
2009 2010 2011 2012 Expenses Governmental Activities Legislative and Executive………………………………………...... $ 16,092,757 $ 15,420,053 $ 14,664,052 $ 15,740,183 Judicial………………………………………………………...... 7,701,317 6,593,506 6,296,201 7,094,528 Public Safety………………………………………………...... 20,986,212 19,782,375 20,140,857 21,705,271 Public Works……………………………………………………...... 12,204,219 10,763,264 9,088,202 9,820,882 Health…………………………………………………………...... 22,225,327 22,770,161 22,266,555 23,789,422 Human Services………………………………………………...... 36,383,980 30,052,565 26,913,188 25,297,987 Conservation and Recreation…………………………………...... 2,850,315 2,514,172 2,945,774 2,988,548 Community and Economic Development…………………...... 2,403,211 2,509,058 2,353,784 1,722,645 Interest and Fiscal Charges……………………………...... 1,319,790 1,150,822 1,088,993 1,088,463 Total Governmental Activities Expenses………………………...... 122,167,128 111,555,976 105,757,606 109,247,929
Business-type Activities Water…………………………………………………………...... 9,010,918 8,846,283 9,011,065 8,929,982 Sewer…………………………………………………………...... 15,522,340 16,717,576 16,892,606 18,786,322 Total Business-type Activities Expenses……………………………...... 24,533,258 25,563,859 25,903,671 27,716,304
Total Primary Government Expenses……………………………...... $ 146,700,386 $ 137,119,835 $ 131,661,277 $ 136,964,233
Program Revenues Governmental Activities Charges for Services Legislative and Executive……………………………………….....$ 5,440,536 $ 6,776,012 $ 6,567,900 $ 4,614,166 Judicial………………………………………………………...... 1,682,074 1,388,756 1,943,036 1,882,639 Public Safety………………………………………………...... 2,272,128 2,591,010 3,478,013 2,924,024 Public Works……………………………………………………...... 1,698,545 1,599,359 408,518 1,283,095 Health…………………………………………………………...... 911,765 915,176 825,250 878,961 Human Services………………………………………………...... 5,950,115 5,840,508 5,835,369 5,368,515 Conservation and Recreation…………………………………...... 292,351 362,520 1,409,820 321,962 Community and Economic Development………………………… - - 14,454 31,422 Operating Grants and Contributions……………………...... 43,142,412 35,487,139 31,269,857 32,520,700 Capital Grants and Contributions…………………………………...... 1,769,712 795,697 767,938 271,939 Total Governmental Activities Program Revenues….……………...... 63,159,638 55,756,177 52,520,155 50,097,423
Business-type Activities Charges for Services Water…………………………………………………………...... 8,753,822 9,267,427 9,608,646 10,592,163 Sewer…………………………………………………………...... 15,171,477 15,541,326 19,957,312 20,531,571 Capital Grants and Contributions…………………………………...... 1,681,607 4,079,120 638,470 175,788 Total Business-type Activities Program Revenues………………………… 25,606,906 28,887,873 30,204,428 31,299,522
Total Primary Government Program Revenues……………………………$ 88,766,544 $ 84,644,050 $ 82,724,583 $ 81,396,945
Net
General Revenues and Other Changes in Net Position Governmental Activities Taxes Real and Personal Property Taxes…………………………….....$ 30,966,235 $ 34,496,922 $ 35,088,635 $ 34,771,884 County Hotel Lodging Taxes…………………………………...... 812,572 864,158 933,739 937,708 Sales Taxes………………………………………………...... 20,558,891 21,090,415 22,005,853 22,576,311 Unrestricted Grants……………………………………………...... 4,589,671 4,842,994 4,504,217 1,702,893 Investment Earnings…………………………………………...... 3,530,073 2,298,235 2,332,405 522,613 Other Revenue…………………………………………………………... 2,492,764 1,966,918 2,379,282 1,960,542 Transfers…………………………………………………………...... (199,120) (89,053) (25,725) (14,167) Total Governmental Activities…………………………………………...... 62,751,086 65,470,589 67,218,406 62,457,784
Business-type Activities Investment Earnings…………………………………………...... 32,011 50,899 46,479 41,186 Other Revenue…………………………………………………………... 429,246 134,071 527,006 899,361 Transfers…………………………………………………………...... 199,120 89,053 25,725 14,167 Total Business-type Activities…………………………………………...... 660,377 274,023 599,210 954,714
Total Primary Government……………………………………………………$ 63,411,463 $ 65,744,612 $ 67,817,616 $ 63,412,498
Change in Net Position Governmental Activities……………………………………………………....$ 3,743,596 $ 9,670,790 $ 13,980,955 $ 3,307,278 Business-type Activities……………………………………………...... 1,734,025 3,598,037 4,899,967 4,537,932 Total Primary Government…………………………………………...... $ 5,477,621 $ 13,268,827 $ 18,880,922 $ 7,845,210
154 2013 2014 2015 2016 2017 2018
$ 16,459,480 $ 16,179,840 $ 16,708,608 $ 21,062,096 $ 20,484,414 $ 22,213,612 7,115,444 7,996,955 8,071,770 8,595,676 9,015,511 9,268,013 19,516,784 21,191,299 20,907,748 23,022,264 26,232,826 26,102,510 8,662,610 9,671,896 8,564,111 9,470,211 8,983,856 9,629,941 23,912,910 26,179,437 25,928,609 25,569,399 25,564,792 26,119,243 21,810,906 25,424,076 26,875,768 29,625,809 32,036,157 31,921,834 4,229,680 3,167,588 3,033,427 3,333,687 3,594,508 4,509,091 2,088,390 1,762,988 1,678,489 1,895,927 1,596,981 2,052,055 1,798,532 1,057,845 940,352 859,118 869,651 819,655 105,594,736 112,631,924 112,708,882 123,434,187 128,378,696 132,635,954
10,081,321 8,699,215 9,338,165 9,080,292 9,628,120 9,982,806 19,374,602 15,890,356 15,973,054 16,121,099 16,645,315 16,795,474 29,455,923 24,589,571 25,311,219 25,201,391 26,273,435 26,778,280
$ 135,050,659 $ 137,221,495 $ 138,020,101 $ 148,635,578 $ 154,652,131 $ 159,414,234
$ 5,598,656 $ 5,873,400 $ 5,479,066 $ 6,535,020 $ 7,414,588 $ 6,843,562 2,001,833 1,952,005 2,028,410 1,791,453 1,312,344 1,732,523 2,815,668 2,967,040 3,173,005 3,554,754 3,269,414 3,768,748 235,223 562,501 464,590 447,717 404,176 441,181 850,170 1,046,014 909,566 877,151 839,322 1,109,663 4,786,148 4,784,388 5,322,285 5,281,420 5,308,868 4,608,235 133,094 1,278,254 1,176,745 1,422,609 1,498,403 1,083,089 1,618,479 - 5,000 - - - 28,521,561 31,193,575 30,105,925 30,363,206 32,305,508 32,338,750 409,193 869,430 1,277,792 3,235,232 2,716,413 1,873,048 46,970,025 50,526,607 49,942,384 53,508,562 55,069,036 53,798,799
9,529,534 9,929,260 10,131,651 10,602,474 10,389,075 10,753,445 19,694,664 19,926,907 20,145,679 19,917,037 20,978,480 20,600,736 477,389 - 2,695,355 1,704,850 3,967,797 1,797,595 29,701,587 29,856,167 32,972,685 32,224,361 35,335,352 33,151,776
$ 76,671,612 $ 80,382,774 $ 82,915,069 $ 85,732,923 $ 90,404,388 $ 86,950,575
$ (58,624,711) $ (62,105,317) $ (62,766,498) $ (69,925,625) $ (73,309,660) $ (78,837,155) 245,664 5,266,596 7,661,466 7,022,970 9,061,917 6,373,496 $ (58,379,047) $ (56,838,721) $ (55,105,032) $ (62,902,655) $ (64,247,743) $ (72,463,659)
$ 36,370,688 $ 35,606,743 $ 37,607,966 $ 38,529,210 $ 38,520,117 $ 37,468,525 919,495 1,007,884 987,072 1,080,080 1,214,473 1,229,004 22,962,447 24,606,952 26,351,943 27,322,202 27,343,714 27,507,549 4,753,574 5,552,659 4,571,615 4,844,649 5,941,160 5,227,671 773,697 1,429,891 1,022,404 (529,963) 1,629,209 2,432,081 1,587,376 525,871 1,172,189 733,457 1,147,161 1,333,965 (9,029) (18,489) (19,266) (35,926) (47,693) (92,748) 67,358,248 68,711,511 71,693,923 71,943,709 75,748,141 75,106,047
255,102 59,688 46,997 55,370 37,351 50,029 1,251,049 791,600 641,412 639,221 414,881 503,144 9,029 18,489 19,266 35,926 47,693 92,748 1,515,180 869,777 707,675 730,517 499,925 645,921
$ 68,873,428 $ 69,581,288 $ 72,401,598 $ 72,674,226 $ 76,248,066 $ 75,751,968
$ 8,733,537 $ 6,606,194 $ 8,927,425 $ 2,018,084 $ 2,438,481 $ (3,731,108) 1,760,844 6,136,373 8,369,141 7,753,487 9,561,842 7,019,417 $ 10,494,381 $ 12,742,567 $ 17,296,566 $ 9,771,571 $ 12,000,323 $ 3,288,309
155 Table 4 Greene County, Ohio Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years (Modified Accrual Basis of Accounting)
2009 2010 2011 2012 Revenues Taxes……………………………………………… $ 52,468,981 $ 56,650,368 $ 58,253,201 $ 58,523,364 Charges for Services…………………………… 16,543,739 17,844,783 17,892,322 15,165,075 Licenses & Permits……………………………… 922,208 844,418 1,226,449 927,051 Fines & Forfeitures……………………………… 750,469 852,639 1,288,301 1,113,241 Intergovernmental Revenues…………………… 48,326,965 41,403,895 36,824,373 34,224,265 Special Assessments…………………………… 147,464 596,864 542,998 459,908 Investment Earnings……………………………… 3,530,073 2,298,235 2,332,405 522,613 Other Revenues………………………………… 2,720,331 1,615,882 2,124,981 1,458,749 Total Revenues 125,410,230 122,107,084 120,485,030 112,394,266
Expenditures Legislative and Executive……………………… 15,552,674 15,467,603 14,887,283 15,484,808 Judicial…………………………………………… 7,295,635 6,477,065 6,553,419 6,683,577 Public Safety……………………………………… 19,817,021 19,562,088 20,086,813 20,143,735 Public Works……………………………………… 10,487,084 10,889,926 9,312,649 10,263,349 Health……………………………………………… 21,918,836 22,887,390 22,519,725 23,542,942 Human Services………………………………… 35,765,438 29,820,619 26,704,785 24,423,754 Conservation and Recreation…………………… 2,766,639 3,610,643 2,894,778 2,959,379 Community and Economic Development……… 2,311,887 2,479,520 2,425,559 1,612,409 Capital Outlay…………………………………… 1,453,864 150,657 3,811 919,428 Debt Service: Interest………………….…………………… 1,313,585 1,155,307 1,070,101 1,133,006 Principal……………………………………… 12,250,000 13,207,669 580,000 945,000 Total Expenditures 130,932,663 125,708,487 107,038,923 108,111,387
Excess Revenue over Expenditures (5,522,433) (3,601,403) 13,446,107 4,282,879
Other Financing Sources/(Uses) Proceeds from Sale of Assets…………………… 30,736 35,738 52,231 347,600 Proceeds from Borrowing……………………… 9,747,500 2,928,545 8,000,000 3,700,000 Premium on Borrowing…………………………… - - - - Payments to Escrow Agent……………………… - - - - Inception of Capital Lease……………………… - - - - Transfers In……………………………………… 2,395,971 2,712,752 3,060,760 2,308,183 Transfers Out……………………………………… (2,578,376) (2,787,257) (3,088,637) (2,324,662) Total Other Financing Sources/(Uses)………… 9,595,831 2,889,778 8,024,354 4,031,121
Net Change in Fund Balance……………………$ 4,073,398 $ (711,625) $ 21,470,461 $ 8,314,000
Capitalized Capital Outlay 890,722 2,267,666 1,557,270 1,794,283
Debt Service as a percentage of noncapital expenditures…………………… 10.4% 11.6% 1.6% 1.9%
156 2013 2014 2015 2016 2017 2018
$ 59,260,270 $ 61,377,625 $ 65,205,640 $ 66,680,972 $ 67,094,050 $ 66,211,613 14,530,413 16,212,150 16,631,500 17,065,917 17,737,605 16,970,237 1,006,306 998,161 1,096,172 1,283,131 1,396,373 1,608,374 1,003,289 1,009,358 850,672 1,056,794 885,508 821,062 38,110,961 35,611,393 34,638,050 37,625,248 39,535,977 38,272,652 485,386 24,288 41,687 39,716 32,859 27,158 627,896 1,585,698 1,137,492 (25,009) 1,708,516 2,594,933 1,309,512 1,113,536 1,124,626 939,305 1,746,156 2,310,212 116,334,033 117,932,209 120,725,839 124,666,074 130,137,044 128,816,241
15,587,210 16,460,861 16,381,211 19,869,072 19,038,830 21,039,457 7,092,786 7,862,119 7,893,029 8,141,179 7,912,334 8,496,963 20,267,224 20,788,104 20,777,839 21,838,544 23,169,359 23,527,628 9,650,762 9,467,492 8,045,639 9,891,384 8,282,322 8,742,370 24,055,646 25,989,182 25,568,931 25,601,103 25,591,256 26,171,355 27,403,752 25,366,982 26,862,969 28,494,895 28,765,317 29,764,890 4,250,209 3,154,220 3,054,014 3,219,330 3,429,751 4,371,963 2,131,577 1,751,522 1,642,555 1,830,124 1,468,585 1,937,108 2,530,963 905,955 22,946 92,820 250 1,632,132
1,005,000 1,083,082 995,000 884,288 847,132 793,229 1,819,796 4,630,000 971,963 1,070,000 1,550,000 1,360,000 115,794,925 117,459,519 112,216,096 120,932,739 120,055,136 127,837,095
539,108 472,690 8,509,743 3,733,335 10,081,908 979,146
32,569 62,329 635,329 110,278 156,984 111,332 - - 3,955,000 - - - - - 82,913 - - - - - (4,015,681) - - - - - 249,401 - 2,307,250 6,874,337 3,247,823 2,587,693 2,787,301 4,479,960 (2,317,244) (6,893,346) (3,267,590) (3,224,252) (2,835,453) (4,573,192) 22,575 43,320 887,195 (526,281) 108,832 18,100
$ 561,683 $ 516,010 $ 9,396,938 $ 3,207,054 $ 10,190,740 $ 997,246
733,044 905,955 873,850 1,590,387 1,111,261 2,144,067
2.5% 4.9% 1.8% 1.6% 2.0% 1.7%
157 Table 5 Greene County, Ohio Tax Revenues by Source, Governmental Funds Last Ten Fiscal Years (Modified Accrual Basis of Accounting)
Tangible General Personal County Hotel Year Property Tax Property Tax Sales Tax Lodging Tax Total 2009 30,919,198 202,640 20,560,495 786,648 52,468,981 2010 34,613,740 107,165 21,129,126 800,337 56,650,368 2011 35,266,373 47,236 22,005,853 933,739 58,253,201 2012 35,009,345 - 22,576,311 937,708 58,523,364 2013 35,408,328 - 22,962,447 919,495 59,290,270 2014 35,762,789 - 24,606,952 1,007,884 61,377,625 2015 37,866,625 - 26,351,943 987,072 65,205,640 2016 38,278,690 - 27,322,202 1,080,080 66,680,972 2017 38,535,863 - 27,343,714 1,214,473 67,094,050 2018 37,475,060 - 27,507,549 1,229,004 66,211,613
% Change 2009 to 2018 21.2% -100.0% 33.8% 56.2% 26.2%
Tax Revenue by Source
$45
$40
$35
$30 $25
Millions $20 $15 $10 $5 $0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
General Property Tax Tangible Personal Property Tax
Sales Tax County Hotel Lodging Tax
158 Table 6 Greene County, Ohio Real and Personal Property Tax Revenues by Program Last Ten Fiscal Years (Accrual Basis of Accounting)
Road & General Bridge Community Children's Developmental County Senior Citizen Debt Year Purposes Maintenance Mental Health Services Disabilities Hospital Services Retirement Total 2009 7,015,644 731,451 3,682,418 2,937,879 10,110,567 2,836,627 2,317,691 1,333,958 30,966,235 2010 6,380,197 773,571 3,703,899 5,084,830 10,237,552 2,928,690 3,366,905 2,021,278 34,496,922 2011 7,959,255 785,988 3,800,307 5,125,439 10,464,321 2,993,535 3,416,961 542,829 35,088,635 2012 7,694,062 799,754 3,847,493 4,960,635 10,587,915 3,015,202 3,307,089 559,734 34,771,884 2013 8,597,079 829,641 3,992,818 5,145,860 10,986,447 3,142,876 3,430,574 245,393 36,370,688 2014 8,375,989 810,913 3,909,511 5,025,564 10,755,519 3,076,833 3,417,115 235,299 35,606,743 2015 8,498,898 823,454 3,978,443 5,097,926 10,937,836 3,128,956 4,873,450 269,003 37,607,966 2016 8,729,882 842,083 4,074,606 5,211,181 11,191,107 3,201,355 4,998,077 280,919 38,529,210 2017 8,695,207 842,828 4,074,779 5,217,055 11,197,593 3,203,240 5,004,260 285,155 38,520,117 2018 7,343,572 851,533 4,116,450 5,268,325 11,309,685 3,235,299 5,053,595 290,066 37,468,525
% Change 2009 to 2018 4.7% 16.4% 11.8% 79.3% 11.9% 14.1% 118.0% -78.3% 21.0% 159
Property Tax Revenues by Levy Type $45 $40 $35 $30 $25 Millions $20 $15 $10 $5 $0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
General Purposes Road & Bridge Maintenance Community Mental Health Children's Services
Developmental Disabilities County Hospital Senior Citizen Services Debt Retirement Table 7 Greene County, Ohio Assessed and Estimated Actual Value of Taxable Property Last Ten Fiscal Years
REAL PROPERTY PERSONAL PROPERTY Total Assessed Value Collection Agricultural & Commercial & Public Utility Tangible Public Utility Total Taxable Direct Tax Estimated Actual as a Percent of Tax Year Year Residential Industrial Real Personal Personal Assessed Value Rate Taxable Value Estimated Actual 2009 2010 3,049,208,420 730,255,900 138,020 7,148,080 84,451,610 3,871,202,030 11.25 11,154,523,423 34.71% 2010 2011 3,070,205,500 757,809,390 135,620 3,639,580 98,442,280 3,930,232,370 11.25 11,277,069,823 34.85% 2011 2012 (T) 2,956,950,430 722,866,020 141,160 - 100,504,090 3,780,461,700 11.25 10,801,319,143 35.00% 2012 2013 2,975,934,990 755,893,700 160,930 - 116,786,770 3,848,776,390 11.25 10,996,503,971 35.00% 2013 2014 2,990,547,140 731,313,600 172,490 - 111,517,520 3,833,550,750 11.25 10,953,002,143 35.00% 2014 2015 (R) 3,005,227,990 749,246,430 181,320 - 114,838,370 3,869,494,110 11.65 11,055,697,457 35.00% 2015 2016 3,024,738,940 743,323,960 171,920 - 119,157,070 3,887,391,890 11.65 11,106,833,971 35.00% 2016 2017 3,052,793,470 772,093,970 895,040 - 125,148,730 3,950,931,210 11.65 11,288,374,886 35.00% 2017 2018 (T) 3,190,207,670 777,308,170 855,040 - 127,161,430 4,095,532,310 11.65 11,701,520,886 35.00% 2018 2019 3,226,563,710 779,305,580 820,610 - 136,706,880 4,143,396,780 11.65 11,838,276,514 35.00%
Source: Greene County Auditor's Office
(R) - Real property is reappraised every six years (T) - State mandated update of the current market value in the third year following each reappraisal
The assessed value of real property (including public utility real property) is 35 percent of estimated true value. Personal property tax is assessed on all tangible personal property used in business in Ohio. The assessed value of public utility personal property ranges from 25 percent of true value for railroad property to 88 percent for electric transmission and distribution property. The general business tangible personal property tax was phased out in 2006. The value derived from the listing percentage multiplied by the applicable rates, generated the property tax revenue billed in that year. 160
Assessed Value by Property Class
$4,500
$4,000
$3,500
$3,000
$2,500 Millions $2,000
$1,500
$1,000
$500
$0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Tax Year
Agricultural & Residential Commercial & Industrial Public Utility Real Tangible Personal Public Utility Personal Table 8 Greene County, Ohio Property Tax Levies and Collections - Real, Utility and Tangible Taxes Last Ten Fiscal Years
Delinquent Total Current Taxes Taxes Collection as a Collected as a Delinquent Collected as a Percentage of Collection Current Taxes Current Taxes Percent of Deliquent Taxes Total Taxes Percent of Total Taxes Accumulated Tax Year Year Levied Collected Taxes Levied Taxes Levied Collected Collected Total Taxes Levied Delinquencies 2008 2009 40,624,758 38,879,893 95.70% 1,809,813 1,107,065 39,986,958 2.77% 94.23% 2,382,155 2009 2010 44,844,805 43,125,211 96.17% 2,288,164 1,386,244 44,511,455 3.11% 94.44% 2,541,247 2010 2011 45,569,584 43,855,975 96.24% 2,516,194 1,444,645 45,300,620 3.19% 94.21% 2,619,926 2011 2012 46,167,308 44,397,519 96.17% 2,613,999 1,660,599 46,058,118 3.61% 94.42% 2,794,616 2012 2013 47,054,213 45,190,730 96.04% 2,236,146 1,364,876 46,555,606 2.93% 94.45% 1,950,761 2013 2014 46,915,635 45,531,386 97.05% 2,194,419 1,206,440 46,737,826 2.58% 95.17% 1,920,871 2014 2015 48,956,097 47,366,079 96.75% 1,920,871 1,162,076 48,528,155 2.39% 95.38% 2,292,054 2015 2016 50,396,617 48,919,627 97.07% 2,292,054 1,881,659 50,801,286 3.70% 96.42% 2,379,210 2016 2017 51,178,965 49,712,530 97.13% 2,514,222 1,653,005 51,365,535 3.22% 95.66% 2,175,736 2017 2018 50,101,425 48,869,285 97.54% 2,175,736 1,334,474 50,203,759 2.66% 96.03% 1,234,981
161 Source: Greene County Auditor's Office
Property Taxes Levied and Collected $60
$50
$40 Millions $30
$20
$10
$0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Collection Year
Current Taxes Levied Current Taxes Collected Accumulated Delinquencies Table 9 Greene County, Ohio Property Tax Rates - Direct and Overlapping Governments (Per $1000 of Assessed Value) Last Ten Fiscal Years
County Units: 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Bridge...... 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 Children Services...... 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 Community Mental Health...... 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 General...... 1.900 2.330 2.330 2.330 2.330 2.330 2.330 2.330 2.330 1.830 Hospital Operating...... 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Development Disabilities...... 3.500 3.500 3.500 3.500 3.500 3.500 3.500 3.500 3.500 3.500 Note Retirement...... 0.600 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 0.170 Senior Council on Aging……………… 1.000 1.000 1.000 1.000 1.000 1.400 1.400 1.400 1.400 1.400
Total Rates...... 11.250 11.250 11.250 11.250 11.250 11.650 11.650 11.650 11.650 11.150
School Districts: Beavercreek City...... 48.200 48.000 48.900 48.850 55.100 54.900 54.150 54.150 53.840 53.000 Cedar Cliff Local...... 43.900 42.700 41.700 41.600 42.700 42.200 40.200 40.200 40.330 40.860 Fairborn City...... 51.800 51.900 52.650 52.500 52.500 52.650 52.650 52.650 55.350 55.250 Greene County Career Center...... 3.450 3.450 3.450 3.450 3.450 3.450 3.450 3.450 3.450 3.450 Greeneview Local...... 33.550 33.450 33.350 33.300 33.250 32.650 32.750 32.750 32.950 32.750 Bellbrook-Sugarcreek Local...... 67.100 67.100 67.650 67.650 66.800 68.200 66.900 66.900 66.850 66.150 Xenia Community...... 43.500 43.400 43.900 46.800 46.800 47.250 47.750 47.750 47.600 46.350 Yellow Springs Exempted...... 63.800 63.900 63.700 70.950 70.950 70.600 71.000 71.000 69.900 69.150
Out-of-County School Districts: Clark County JVS...... 3.000 3.000 3.000 3.000 3.000 3.000 3.000 3.000 3.000 3.000 Clinton Massie Local...... 31.250 31.250 30.750 30.250 30.250 30.250 30.000 30.000 30.000 30.260 Great Oaks Vocational...... 2.700 2.700 2.700 2.700 2.700 2.700 2.700 2.700 2.700 2.700 Southeastern Local...... 41.830 41.540 41.470 41.390 41.390 40.600 40.610 40.610 40.320 40.330 Warren County JVS...... 4.500 4.500 4.500 4.500 4.500 4.500 4.500 4.500 4.500 4.500 Wayne Local...... 49.530 50.940 51.130 52.180 52.180 53.440 53.440 53.440 53.440 58.120 Wilmington City...... 27.700 27.700 28.200 26.375 26.375 26.300 26.300 26.300 26.300 26.300
Corporations: Beavercreek City...... 13.100 12.950 14.100 14.100 14.100 17.800 17.800 17.800 18.600 18.580 Bellbrook City...... 19.500 19.500 19.500 19.500 19.500 19.500 19.500 19.500 19.500 19.500 Bowersville Village...... 8.400 8.400 8.400 8.400 8.400 8.400 8.400 8.400 8.400 8.400 Cedarville Village...... 5.050 5.050 5.050 5.050 5.050 5.050 5.050 5.050 5.050 5.050 Centerville City...... 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 Clifton Village...... 9.000 9.000 9.000 9.000 9.000 9.000 11.000 11.000 11.000 11.000 Fairborn City...... 9.500 9.450 11.300 11.300 11.300 11.300 11.300 11.300 11.300 11.300 Jamestown Village...... 15.400 18.900 18.900 18.900 20.700 20.700 20.700 20.700 20.700 20.700 Kettering City...... 6.790 6.790 6.790 6.790 6.790 6.790 6.790 6.790 6.790 6.790 Spring Valley Village...... 13.700 13.700 13.700 13.700 13.700 13.700 13.700 13.700 13.700 13.700 Xenia City...... 6.700 6.700 6.700 6.700 6.700 6.700 6.700 6.700 6.700 6.700 Yellow Spring Village...... 11.000 11.000 11.000 11.000 11.000 11.000 11.000 11.000 11.000 11.000
Townships: Bath...... 13.600 9.900 9.900 9.900 9.900 9.900 9.900 9.900 12.100 12.100 Beavercreek...... 16.550 16.550 16.550 16.550 14.550 14.550 14.950 14.950 14.950 15.850 Caesarcreek...... 6.600 6.600 6.600 6.600 6.600 6.600 6.600 6.600 6.600 6.600 Cedarville...... 9.900 9.900 9.900 9.900 9.900 9.900 9.900 9.900 9.900 8.450 Jefferson...... 5.600 5.600 5.600 5.600 6.600 9.600 9.600 9.600 9.600 9.600 Miami...... 6.800 5.900 5.900 5.900 5.900 5.900 5.900 5.900 5.900 8.300 New Jasper...... 6.200 6.200 6.200 6.200 7.700 7.700 7.700 7.700 9.200 9.200 Ross...... 6.700 6.700 6.700 6.700 6.700 6.700 6.700 6.700 6.700 6.700 Silvercreek...... 6.400 6.400 6.400 6.400 6.400 6.400 6.650 6.650 7.650 7.650 Spring Valley...... 14.500 14.500 14.500 14.500 14.500 14.500 14.500 14.500 14.500 15.500 Sugarcreek...... 20.000 20.000 20.000 21.700 20.000 20.000 20.000 20.000 20.000 20.000 Xenia...... 12.000 12.000 12.000 12.000 12.000 12.000 12.000 12.000 12.000 12.000
Other Units: Bellbrook-Sugarcreek Park District..... 1.100 1.100 1.100 1.700 1.700 1.700 1.700 1.700 1.700 1.700 District Health Fund...... 0.500 0.500 0.800 0.800 0.800 0.800 0.800 0.800 0.800 0.800 Greene County Library...... 1.000 1.000 1.000 1.000 1.000 1.000 1.900 1.900 1.900 1.900
Source: Greene County Auditor's Office
Note: Each subdivision must obtain the approval of the majority of its voters before raising its tax rate.
162 Table 10 Greene County, Ohio Principal Property Tax Payers Current Year and Nine Years Ago
2018 2009 Percentage of Total Percentage of Total Taxable County Taxable Taxable County Taxable Taxpayer Assessed Value Assessed Value Rank Assessed Value Assessed Value Rank Dayton Power & Light $ 94,672,560 2.28% 1 $ 68,251,830 1.76% 1 Greene Town Center LLC 44,133,390 1.07% 2 43,434,940 1.12% 2 MFC Beavercreek LLC 34,657,510 0.84% 3 37,154,950 0.96% 3 Beavercreek Towne Station LLC 16,617,960 0.40% 4 0.00% Vectren Energy Supply 16,880,360 0.41% 5 6,817,650 0.18% 10 Beavercreek Medical Center 11,330,850 0.27% 6 0.00% Ashton Brooke LLC 10,295,120 0.25% 7 0.00% Cole Mt Beavercreek OH LLC 9,712,500 0.23% 8 0.00% Wells Fargo Bank NA Trustee 8,415,390 0.20% 9 0.00% Wright Patt Credit Union Inc 8,193,640 0.20% 10 0.00% Kettering Adventist Healthcare 9,630,770 0.25% 4 Cemex 8,299,790 0.21% 5 George Kontogiannis 8,173,620 0.21% 6 Acropolis 29 LLC 8,161,200 0.21% 7 MV-RG II 7,781,690 0.20% 8 Dille Labroatories Corporation 7,286,650 0.19% 9
Total $ 254,909,280 6.15% $ 204,993,090 5.29%
Source: Greene County Auditor's Office
Table 11 Greene County, Ohio Water and Sewer Rates Last Ten Fiscal Years
Water Sewer
(First 1,000 gallons) (Usage > 1,000 Gals.) (First 3,000 gallons) (Usage > 3,000 Gals.) Fiscal Year Monthly Minimum Rate per 1,000 Gals. Monthly Minimum Rate per 1,000 Gals. 2009 11.66 3.99 20.12 6.28 2010 11.66 3.99 20.12 6.28 2011 12.37 4.23 23.14 7.23 2012 12.62 4.31 23.83 7.45 2013 12.62 4.31 23.83 7.45 2014 13.13 4.49 23.83 7.45 2015 13.13 4.49 23.83 7.45 2016 13.13 4.49 23.83 7.45 2017 13.13 4.49 23.83 7.45 2018 13.13 4.49 24.31 7.60
Source: Greene County Sanitary Engineer
163 Table 12 Greene County, Ohio Ratios of Net General Bonded Debt Outstanding by Type Last Ten Fiscal Years
Business-Type Other Governmental Governmental Activities Activities Activities Debt
(c) (c) General Gross General % of Actual Net Bonded Special Fiscal Obligation Refunding Obligation Total Net Taxable Value Debt Assessment Capital Year Bonds Bonds Bonds (b) Bonded Debt of Property Per Capita Bonds Leases 2009 9,545,000 9,610,000 10,530,000 $ 29,685,000 0.77% 185.40 80,000 -
2010 18,993,427 (a) 23,276,573 $ 42,270,000 1.08% 262.42 40,000 -
2011 26,453,427 (a) 23,121,573 $ 49,575,000 1.31% 306.75 - -
2012 30,096,965 (a) 14,197,694 $ 44,294,659 1.15% 270.76 - -
2013 28,570,993 (a) 79,263,646 $ 107,834,639 2.81% 655.84 - -
2014 23,409,978 (a) 76,159,874 $ 99,569,852 2.57% 607.86 - -
2015 22,741,341 (a) 74,966,100 $ 97,707,441 2.51% 593.61 - 199,521
2016 21,550,818 (a) 72,317,483 $ 93,868,301 2.38% 572.24 - 149,641
2017 20,061,794 (a) 72,640,683 $ 92,702,477 2.26% 562.63 - 99,761
2018 18,347,811 (a) 65,106,765 $ 83,454,576 2.01% 500.47 - 49,881
Source: Personal Income from the Ohio Bureau of Employment Statistics
(a) - In 2010, all refunding debt was reclassified into the category of the originally refunded debt, so there will be no more debt listed as "refunding" debt. (b) - Business-Type general obligation bonds are intended to be repaid with revenues generated from proprietary activities. (c) - Amount presented represents total General Obligation Bonds net of resources externally restricted for repayment of principal. (d) - 2017 information is the latest available
County Debt by Type
$250
Special Assessment Bonds $200
OWDA Debt $150
Millions Business-type Revenue Bonds $100
Business-type G.O. Bond
$50
Business-type BAN Governmental GO Bonds $0 Governmental BAN 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
164 Other Business-Type Activities Debt Personal Income
Total Gross Special Total Debt Outstanding Refunding OWDA/OPWC Assessment Revenue Primary Total as a Percentage Total Debt Bonds Loans Bonds Bonds Government (in thousands) of Personal Income Per Capita 99,855,000 11,564,183 3,853,000 7,065,000 152,102,183 6,013,825 2.53% 949.96
(a) 10,492,020 3,432,000 108,005,000 164,239,020 6,165,745 2.66% 1,019.64
(a) 9,855,335 3,031,000 102,430,000 164,891,335 6,601,869 2.50% 1,020.29
(a) 47,847,162 2,625,000 100,834,871 195,601,692 6,727,933 2.91% 1,195.65
(a) 45,743,797 2,334,200 33,718,930 189,631,566 6,820,771 2.78% 1,153.33
(a) 57,818,889 2,085,700 27,957,854 187,432,295 7,115,077 2.63% 1,144.24
(a) 54,587,689 2,812,000 23,255,742 178,562,393 7,408,510 2.41% 1,084.83
(a) 51,730,898 2,553,300 16,162,028 164,464,168 7,596,700 2.16% 1,002.61
(a) 48,138,695 2,934,176 14,962,343 158,837,452 7,596,700 2.09% 964.02
(a) 44,700,162 3,392,418 13,417,353 145,014,390 8,016,254 (d) 1.81% 869.64
165 Table 13 Greene County, Ohio Legal Debt Margin Information Last Ten Fiscal Years
2009 2010 2011 2012 Total of All County Bonded Debt (A) ………………………$ 140,538,000 $ 153,747,000 $ 155,036,000 $ 156,361,499 Total of All County Bond Anticipation Notes……………… 19,432,000 9,645,000 304,000 244,000 Total of All County Debt Outstanding……………………… 159,970,000 163,392,000 155,340,000 156,605,499
Debt Exempt From Computation: Governmental Activities: Special Assessment Bonds……………………… 80,000 40,000 - - Business-type Activities: Special Assessment Bonds……………………… 3,853,000 3,432,000 3,031,000 2,625,000 Advanced Refunding Bonds……………..……… 99,855,000 (B) (B) (B) Revenue Bonds…………………………………… 7,065,000 108,005,000 102,430,000 100,834,871 General Obligation Bonds………...……………… 10,530,000 23,276,573 23,121,573 22,804,663 Bond Anticipation Notes……….………………… 8,890,000 - - - Total Exempt Debt…………………………………………… 130,273,000 134,753,573 128,582,573 126,264,534
Net Debt……………………………………………………… 29,697,000 28,638,427 26,757,427 30,340,965
County Valuation...... 3,871,202,030 3,930,232,370 3,780,461,700 3,848,776,390
Direct Debt Limitation (Per O.R.C. Sections 133.02 & 133.05) Range Rate $0 - $100,000,000 3.00% 3,000,000 3,000,000 3,000,000 3,000,000 $100,000,000 - $300,000,000 1.50% 3,000,000 3,000,000 3,000,000 3,000,000 More than $300,000,000 2.50% 89,280,051 90,755,809 87,011,543 88,719,410 Total Direct Debt Limitation………………………………… 95,280,051 96,755,809 93,011,543 94,719,410
Net Debt……………………………………………………… 29,697,000 28,638,427 26,757,427 30,340,965
Unvoted Legal Debt Margin………………………………… $ 65,583,051 $ 68,117,382 $ 66,254,116 $ 64,378,445
Net Debt as a Percentage of the Direct Debt Limit……… 31.17% 29.60% 28.77% 32.03%
(A) - See Table 12 for detailed information. Amount does not include OWDA loans or capital leases. (B) - In 2010, all refunding debt was reclassified into the category of the originally refunded debt, so there will be no more debt listed as "refunding" debt.
166 2013 2014 2015 2016 2017 2018 $ 146,362,985 $ 133,199,527 $ 124,834,491 $ 112,583,629 $ 110,598,996 $ 100,264,347 150,000 1,281,000 110,000 2,410,000 990,000 - 146,512,985 134,480,527 124,944,491 114,993,629 111,588,996 100,264,347
------
2,334,200 2,085,700 2,812,000 2,553,300 2,934,176 3,392,418 (B) (B) (B) (B) (B) (B) 33,718,930 27,957,854 23,255,742 16,162,028 14,962,343 13,417,353 81,258,908 78,777,998 74,966,100 72,317,483 72,640,683 65,106,765 - 1,148,000 - 2,410,000 990,000 - 117,312,038 109,969,552 101,033,842 93,442,811 91,527,202 81,916,536
29,200,947 24,510,975 23,910,649 21,550,818 20,061,794 18,347,811
3,833,550,750 3,869,494,110 3,887,391,890 3,950,931,210 4,095,532,310 4,143,396,780
3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 88,338,769 89,237,353 89,684,797 91,273,280 94,888,308 96,084,920 94,338,769 95,237,353 95,684,797 97,273,280 100,888,308 102,084,920
29,200,947 24,510,975 23,910,649 21,550,818 20,061,794 18,347,811
$ 65,137,822 $ 70,726,378 $ 71,774,148 $ 75,722,462 $ 80,826,514 $ 83,737,109
30.95% 25.74% 24.99% 22.15% 19.89% 17.97%
167 Table 14 Greene County, Ohio Pledged Revenue Coverage - Revenue Bonds Last Ten Fiscal Years
Water Revenue Bonds
Fiscal Operating Operating Net Available Debt Service Year Revenue Expenses Revenue Principal Interest Coverage 2009 9,056,252 6,936,035 2,120,217 1,570,000 1,182,416 0.77 2010 9,343,391 7,367,639 1,975,752 1,620,000 1,127,555 0.72 2011 9,830,540 6,849,055 2,981,485 1,960,000 1,331,639 0.91 2012 10,982,741 6,713,456 4,269,285 2,020,000 1,240,386 1.31 2013 9,776,449 6,836,806 2,939,643 2,085,000 1,169,138 0.90 2014 10,091,994 7,109,255 2,982,739 2,175,000 561,563 1.09 2015 10,361,106 7,785,849 2,575,257 955,000 479,188 1.80 2016 10,859,750 7,742,312 3,117,438 680,000 338,351 3.06 2017 10,543,491 8,362,654 2,180,837 710,000 205,075 2.38 2018 11,009,312 8,529,999 2,479,313 745,000 169,575 2.71
Sewer Revenue Bonds
Fiscal Operating Operating Net Available Debt Service Year Revenue Expenses Revenue Principal Interest Coverage 2009 15,298,287 9,787,490 5,510,797 3,223,608 4,379,818 0.72 2010 15,598,433 10,807,007 4,791,426 2,300,000 3,668,128 0.80 2011 20,262,424 10,131,718 10,130,706 3,615,000 3,728,512 1.38 2012 21,040,356 10,361,451 10,678,905 3,780,000 3,559,772 1.45 2013 20,640,767 10,826,687 9,814,080 3,677,500 3,420,872 1.38 2014 20,474,354 11,734,158 8,740,196 3,315,000 859,236 2.09 2015 20,538,094 11,809,773 8,728,321 3,465,000 704,485 2.09 2016 20,291,076 11,994,904 8,296,172 530,000 534,772 7.79 2017 21,238,945 12,822,462 8,416,483 405,000 515,360 9.14 2018 20,848,013 13,210,905 7,637,108 715,000 499,610 6.29
Debt Coverage Water Debt Coverage Sewer $12 $25
$10 $20 $8 $15 $6 $10 $4 Millions Millions
$2 $5
$0 $0
Operating Revenue Operating Expenses Debt Service Operating Revenue Operating Expenses Debt Service
168 Table 15 Greene County, Ohio Pledged Revenue Coverage - Special Assessment Bonds Last Ten Fiscal Years
Water Special Assessment Bonds (1) Water Special Assessment Collection & Debt Service Special $300 Fiscal Assessment Debt Service (2) $250 Year Collections Principal Interest Coverage 2009 242,482 185,877 90,595 0.88 $200 2010 255,170 167,889 79,961 1.03 $150 2011 219,629 150,557 70,661 0.99
2012 209,659 149,651 62,539 0.99 Thousands $100 2013 186,077 132,567 54,664 0.99 $50 2014 167,956 128,574 49,091 0.95 2015 166,597 117,192 42,047 1.05 $0 2016 149,442 112,007 42,904 0.96 2017 136,928 105,065 35,085 0.98 Special Assessment Collections Debt Service 2018 148,452 85,508 64,021 0.99
Sewer Special Assessment Bonds (1) Sewer Special Assessment Collection & Debt Service Special $900 Fiscal Assessment Debt Service (2) $800 $700 Year Collections Principal Interest Coverage $600 2009 553,506 310,123 122,908 1.28 $500 2010 514,026 253,111 106,259 1.43 $400 2011 504,672 250,443 93,756 1.47 $300 Thousands 2012 471,441 256,349 81,374 1.40 $200 2013 392,500 188,433 68,672 1.53 $100 2014 339,090 119,926 60,046 1.88 $0 2015 523,937 111,508 54,701 3.15 2016 349,424 146,693 86,520 1.50 Special Assessment Collections Debt Service 2017 784,819 153,835 69,296 3.52 2018 354,971 151,250 63,789 1.65
Road & Ditch Special Assessment Bonds (1) Road & Ditch Special Assessment Special Collection & Debt Service Fiscal Assessment Debt Service (2) $70 Year Collections Principal Interest Coverage $60
2009 58,071 60,000 6,320 0.88 $50 2010 39,827 40,000 3,520 0.92 $40 2011 42,620 40,000 1,760 1.02 Thousands 2012* 5,348 - - N/A $30 2013 1,032 - - N/A $20 2014 - - - N/A $10
2015 - - - N/A $0 2016 - - - N/A 2017 - - - N/A Special Assessment Collections Debt Service 2018 - - - N/A
(1) - Cash collections per Budget versus Actual Schedules. Does not include tap fees and equalization charges. (2) - Debt service per special assessment bond amortization schedules
* - Special assessment bonds for roads and ditches were paid off in 2011
169 Table 16 Greene County, Ohio Demographic and Economic Statistics Last Ten Calendar Years
Total Personal Median Annual Income Per Capita Household Unemployment Year Population (thousands of $) Income Income Rate 2009 160,115 6,203,261 38,743 55,615 10.6% 2010 161,075 6,013,825 37,336 56,679 9.8% 2011 161,612 6,165,745 38,152 57,553 8.4% 2012 163,595 6,601,869 40,355 57,992 7.0% 2013 164,421 6,727,933 40,919 57,992 7.2% 2014 163,805 6,820,771 41,640 58,080 4.6% 2015 164,599 7,115,077 43,227 58,775 4.8% 2016 164,036 7,408,510 45,164 60,113 5.0% 2017 164,765 7,596,700 46,106 62,018 3.9% 2018 166,752 8,016,254 48,073 65,032 3.6%
Source: Ohio Bureau of Labor Statistics
Population Per Capita Income
168,000 $55,000
166,000 $50,000
164,000 $45,000 $40,000 162,000 $35,000 160,000 $30,000
158,000 $25,000
156,000 $20,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Greene US Ohio
Median Household Income Unemployment Rate
$70,000 12.00% $65,000 11.00% $60,000 10.00% 9.00% $55,000 8.00% $50,000 7.00% $45,000 6.00% $40,000 5.00% $35,000 4.00%
$30,000 3.00% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Greene US Ohio Greene US Ohio
170 Table 17 Greene County, Ohio Principal Employers Current Year and Nine Years Ago
2018 2009
% of Total County % of Total County Employees Employment Rank Employees Employment Rank
Wright-Patterson Air force Base 27,500 32.59% 1 26,000 32.95% 1 Wright State University 3,750 4.44% 2 2,993 3.79% 2 Kettering Health Network 1,668 1.98% 3 815 1.03% 5 Greene County 1,180 1.40% 4 1,208 1.53% 3 Beavercreek City School District 871 1.03% 5 793 1.01% 6 Unison Industries 800 0.95% 6 704 0.89% 7 Kroger Stores 837 0.99% 7 630 0.80% 8 Xenia Community Schools 733 0.87% 8 661 0.84% 9 Wright Patt Credit Union 640 0.76% 9
171 Fairborn City Schools 617 0.73% 10 590 0.75% 10 Teleperformance USA 1,140 1.44% 4 Total 38,596 45.74% 35,534 45.03%
Source: Greene County Auditor's Office Table 18 Greene County, Ohio Full Time County Government Employees by Function Last Ten Fiscal Years
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Governmental Activities: Legislative & Executive: Commissioners……………………………… 14 12 12 14 12 12 12 9 9 6 Auditor……………………………………… 24 23 21 21 21 19 17 12 16 14 Treasurer…………………………………… 9 9 5 6 9 6 6 6 6 6 Personnel…………………………………… 4 4 4 4 5 4 5 3 4 5 Risk Management………………………… 4 4 4 4 4 4 4 4 4 3 Data Processing***………………………… 9 9 8 6 8 7 7 8 7 12 Board of Elections………………………… 7 7 7 8 13 8 8 8 7 8 Prosecutor…………………………………… 32 29 29 29 31 29 31 28 26 31 Recorder…………………………………… 10 8 8 8 10 9 10 9 9 8 County Services…………………………… 31 28 29 31 30 27 31 23 22 23 Service Garage…………………………… 3 3 3 3 3 3 3 3 3 3 Records & Information…………………… 2 2 2 2 3 2 3 3 3 3
Judicial: Common Pleas Court……………………… 37 39 38 37 43 37 38 33 34 33 Probate Court……………………………… 7 7 6 6 7 6 6 5 5 5 Juvenile Court……………………………… 56 56 53 52 60 51 48 45 43 44 Xenia Municipal Court……………………… 4 4 4 4 4 4 3 3 3 Fairborn Municipal Court………………… 4 4 4 4 5 4 4 4 4 Domestic Relations Court………………… 13 14 14 14 16 14 13 12 12 11 Public Defender…………………………… 5 5 5 5 5 5 5 6 6 9 Clerk of Courts……………………………… 21 21 20 20 23 19 21 14 15 15
Public Safety: Sheriff………………………………………… 140 137 130 128 128 131 131 146 146 152 Juvenile Detention………………………… 40 39 38 37 51 39 39 40 39 37 Building Regulations……………………… 11 11 11 10 11 11 11 11 11 11 Coroner……………………………………… 5 5 6 5 5 5 5 4 4 4
Public Works: Engineer & Highway……………………… 41 41 41 42 46 39 39 37 37 38 Environmental Services…………………… 5 10 8 7 11 7 6 6 5 6 Wide Area Network***……………………… 5 5 4 4 3 4 5 5 5 -
Health: Animal Control……………………………… 10 10 10 10 14 10 9 9 9 8 Developmental Disabilities………………… 116 112 116 118 131 123 132 124 119 109
Human Services: County Home……………………………… 77 63 59 56 68 51 58 52 55 43 Children's Services**……………………… 93 90 86 18 17 12 5 5 5 5 Family & Children First Council*………… N/A N/A 6 5 6 5 6 11 8 9 Job & Family Services**…………………… 101 95 82 159 143 147 147 145 140 137 Today Center for Adults…………………… 6 6 6 6 7 6 3 3 3 2 Veterans' Services………………………… 7 7 7 7 13 7 8 6 5 6
Conservation & Recreation: Parks & Trails……………………………… 28 26 27 26 29 28 28 27 30 32
Community and Economic Development: Convention & Visitor's Bureau…………… 5 4 5 5 6 5 5 5 5 5 Department of Development……………… 10 8 6 7 6 5 6 6 5 6
Water...... 42 36 34 35 34 33 32 35 34 36
Sewer...... 56 42 38 40 40 40 43 41 41 43
Total...... 1,094 1,035 996 1,003 1,081 978 993 956 944 928
*The Family and Children First Council was included in the County's financial statements as a Special Revenue Fund starting in 2011. ** Starting in 2012, Childrens Services and Job & Family Services were merged into one department ***Starting in 2018, Wide Area Network and Data Processing were merged into one department. Source: Greene County Auditor's Office
172 Table 19 Greene County, Ohio Salaries of Principal Officials Last Ten Fiscal Years
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Elected Officials Commissioners (3)………………………………………$ 65,620 $ 65,620 $ 65,620 $ 65,620 $ 65,620 $ 65,620 $ 65,620 $ 72,346 $ 72,346 $ 72,346 Auditor…………………………………………………… 76,754 76,754 76,754 79,754 79,754 79,754 79,754 79,754 79,754 79,754 Clerk of Courts………………………………………… 61,247 61,247 61,247 61,247 61,247 61,247 61,247 67,525 67,525 67,525 Coroner…………………………………………………. 51,209 51,209 51,209 51,209 51,209 51,209 51,209 56,458 56,458 56,458 Engineer……………………………………………….. 95,193 95,193 95,193 95,193 95,193 95,193 95,193 104,950 104,950 104,950 Prosecutor……………………………………………… 115,703 115,703 115,703 115,703 115,703 115,703 115,703 127,563 127,563 133,941 Recorder……………………………………………….. 57,232 57,232 57,232 57,232 57,232 57,232 57,232 63,098 63,098 63,098 Sheriff…………………………………………………… 75,131 75,131 75,131 84,522 84,522 84,522 84,522 93,186 93,186 97,846 Treasurer……………………………………………….. 61,247 61,247 61,247 61,247 61,247 61,247 61,247 67,525 67,525 67,525
Appointed Officials County Administrator……………………………….. 128,374 128,326 126,546 125,845 134,073 101,022 114,046 119,787 123,160 140,279 Sanitary Engineer / Director of Public Works………… 93,646 94,205 92,899 92,926 96,589 99,385 102,336 105,414 106,631 102,753 Developmental Disabilities Superintendent………… 140,979 131,717 131,717 150,634 158,005 144,187 147,430 150,010 155,283 158,779 Children's Services Executive Secretary…………… 90,083 104,391 93,580 71,224 N/A N/A N/A N/A N/A N/A Job and Family Services Director…………………… 60,910 60,425 63,147 64,190 83,653 85,726 88,275 90,917 91,966 95,308 Director of Greenewood Manor……………………… 84,094 82,173 81,638 79,859 80,180 78,542 78,042 82,722 83,676 86,994 Maintenance Director…………………………………… 89,997 45,450 57,609 55,094 59,910 65,000 69,618 71,698 71,698 77,969 Court Administrator……………………………………… 59,789 58,252 60,454 62,799 68,217 66,810 69,618 81,952 71,708 73,202 Director of Personnel……………………………… 82,435 82,717 81,557 83,693 84,781 79,560 81,616 81,162 57,253 57,253 173 Director of Emergency Management………………… 65,564 64,099 63,210 63,424 65,971 67,609 69,618 71,698 72,525 82,541 Director of Information Technology…………………… 91,800 89,726 88,968 86,747 92,348 92,936 94,806 97,656 98,406 101,603
N/A - Position either did not exist or was unfilled for the year. * - Active director retired and was replace during year
Source: Greene County Auditor's Office - Greene County Payroll Journal Summary
Table 20 Greene County, Ohio Surety Bond Coverage - Various Elected Officials Last Ten Fiscal Years
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Elected Officials Commissioners (3)………………………………………$ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 Auditor…………………………………………………… 50,000 50,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 Clerk of Courts………………………………………… 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 Coroner…………………………………………………. 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 Engineer……………………………………………….. 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 Prosecutor……………………………………………… 122,000 126,000 126,000 126,000 126,000 126,000 126,000 126,000 126,000 126,000 Recorder……………………………………………….. 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 Sheriff…………………………………………………… 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 Treasurer……………………………………………….. 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Source: Greene County Auditor's Office Table 21 Greene County, Ohio Operating Indicators By Function Last Ten Fiscal Years
Information Requested
2009 2010 2011 2012 2013 Adult Probation Average yearly case load 864 844 872 965 980
Auditor Vendor's licenses sold 279 201 272 137 269 Warrants processed 32,633 28,340 27,816 29,553 26,808 Real estate transfers 5,039 4,600 4,393 4,989 5,417 Homestead applications 11,254 11,442 11,948 12,427 12,885
Board of Develop. Disabilities Client services provided 5,696 5,106 2,859 2,871 2,775
Board of Elections Number of registered voters 113,918 116,552 118,616 124,181 110,814 Number of voters in last general election 54,301 61,069 54,467 83,626 20,581 Percentage of registered voters who voted 47.67% 52.40% 45.92% 67.34% 18.57%
Building Regulations Number of permits issued 4,375 4,665 4,932 4,372 4,325 Number of inspections performed 17,841 17,104 17,688 15,608 14,560
Children's Services Total referrals 1,174 1,141 1,050 1,046 1,111 Total children in placement 251 252 178 174 175 Children terminated from custody 122 140 90 99 69 Adoptions finalized 23 15 11 9 11
Clerk of Courts Title Transactions 332,351 345,581 357,766 367,355 381,192 New Cases Filed 8,183 8,018 7,596 8,312 7,136
Commissioners Number of resolutions 985 783 763 808 761 Number of meetings 63 66 66 61 64
Common Pleas Court Number of civil cases filed 1,455 1,355 1,342 1,369 950 Number of criminal cases filed 811 678 695 633 654 Number of domestic cases filed 882 948 962 796 833
Convention & Visitor's Bureau Room nights generated 34,900 36,740 41,065 37,605 30,500
Coroner Cases investigated 394 426 549 584 635 Autopsies conducted 80 84 94 120 92
County Engineer & Bridge Bridges inspected 284 284 283 283 283 Centerline miles painted 275 270 275 280 257 Edge line miles 320 320 411 510 359
Domestic Relations Court Divorces 365 381 393 388 308 Dissolutions 189 234 236 206 197 Civil Protection Orders 289 223 231 287 323
Fairborn Municipal Court Traffic/Criminal Cases 15,728 13,877 13,388 13,677 13,516 Civil Cases 1,786 1,783 1,602 1,578 1,440 Small Claims Cases 236 333 255 187 232
Greenewood Manor Inpatient Days 25,570 25,466 23,593 21,734 18,063
Juvenile Court Diversion cases 557 525 565 481 466 Delinquency cases 830 684 648 681 592 Unruly child cases 49 36 46 46 47
Prosecutor Number of cases - criminal 845 675 669 629 670 Number of cases - civil 402 325 201 289 320
Recorder Number of deeds recorded 4,133 4,087 3,573 4,310 4,284 Number of mortgages recorded 7,778 7,140 6,556 7,961 7,193 Number of military discharges recorded 14 32 9 18 12
Records & Information Information requests processed 1,188 1,138 1,073 930 846 Boxes transferred in 319 288 259 1,119 117 Boxes transferred out 262 204 485 317 96
Sanitary Engineer Water connections 16,675 16,895 16,931 17,077 17,181 Water consumption (Million gallons) 1,467 1,538 1,490 1,642 1,499 Sewer connections 22,669 22,859 22,945 23,083 23,222 Wastewater treated (Million gallons) 4,243 4,209 5,655 4,353 4,738
Treasurer Number of parcels 72,820 72,938 73,375 73,233 73,420 Real estate tax collections $ 198,806,521 $ 211,067,725 $ 213,030,374 $ 221,103,165 $ 220,337,209
Xenia Municipal Court Traffic/Criminal Cases 10,687 10,335 10,262 14,062 12,459 Civil Cases 1,461 1,444 1,247 1,246 1,059 Small Claims Cases 184 175 139 156 149
N/A - Information was not readily available.
* - In 2007, the State expanded the eligibility for the homestead program to all individuals over the age of 65 or permanently disabled. In previous years there was an income requirement in addition to the previously mentioned requirements.
Source: Indicated County Department 174 2014 2015 2016 2017 2018 635 1,053 981 973 704
80 55 71 332 314 27,122 28,108 29,033 27,955 29,247 5,289 5,707 5,930 5,939 6,022 12,809 12,495 12,248 12,058 11,522
2,942 2,920 828 1,000 1,037
111,890 106,864 115,243 115,345 117,958 49,065 49,317 83,842 33,688 79,364 43.85% 46.15% 72.75% 29.21% 67.28%
4,380 4,722 4,561 4,892 4,976 14,071 14,810 15,638 16,278 19,927
981 1,268 1,425 1,573 1,211 197 154 128 257 203 76 128 131 98 70 4 11 16 15 14
387,537 383,214 69,063 57,987 58,100 7,992 6,116 5,714 6,938 6,529
733 771 726 760 741 62 62 52 52 52
845 887 859 819 784 714 757 657 783 1,056 830 782 832 797 741
43,465 42,930 43,470 50,980 50,000
733 764 745 912 989 124 107 115 143 120
283 166 180 283 283 344 257 277 235 258 428 339 317 356 329
311 315 312 345 319 216 187 215 190 231 268 242 277 191 284
15,187 14,258 13,117 18,156 16,920 1,705 1,583 1,840 1,665 1,601 209 152 196 102 318
19,552 24,093 21,505 21,404 18,718
396 461 499 485 341 557 574 583 621 466 37 41 44 56 54
426 760 652 783 1,056 311 114 381 515 272
4,228 4,617 4,943 5,029 6,056 4,885 5,240 5,810 5,473 5,153 15 17 157 334 290
949 1,024 1,067 667 1,339 391 542 340 1,718 1,497 48 216 171 154 260
17,297 17,453 17,679 17,839 17,978 1,427 1,442 1,848 1,834 1,872 23,366 23,555 23,734 23,937 24,224 5,000 6,034 5,275 6,102 6,165
73,594 73,596 74,025 74,472 75,198 $ 228,423,160 $ 238,273,411 $ 250,142,095 $ 256,070,244 $ 262,493,631
11,968 11,511 11,655 11,440 11,243 1,079 951 1,145 1,623 1,291 117 108 131 69 84
175 Table 22 Greene County, Ohio Capital Asset Statistics by Function (*) Last Ten Fiscal Years
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 County Engineer Roads (in miles)…………………………… 325 325 325 325 324 324 324 324 324 324 Bridges……………………………………… 284 284 283 283 283 283 283 283 283 284
Parks & Trails Parks/Reserves…………………………… 45 46 46 45 45 45 45 45 45 47 Bike Path (in miles)………………………… 60 60 62 62 62 62 62 62 62 62
Water System Water Lines (in miles)……………………… 318 395 395 366 366 366 366 366 394 397 Water Customers…………………………… 16,675 16,851 16,953 17,077 17,181 17,297 17,453 17,679 17,839 17,978 Elevated Storage Tanks…………………… 14 14 14 14 14 13 13 13 13 13
Sewer System Sewer Lines (in miles)…………………… 395 412 412 416 416 416 416 420 427 429 Sewer Customers………………………… 22,669 22,816 21,976 23,083 23,222 23,366 23,555 23,734 23,937 24,224 176
(*) The County reports only those facilities managed and operated by the County, rather than total facilities within the County.
Source: Indicated county department APPENDIX A-2 AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2017
The audited financials for the year ended December 31, 2017 are available on the Ohio State Auditor’s website at www.auditor.state.oh.us. The reference to this website is for the purpose of the County audited financials only; the County makes no representation as to the accuracy of the information appearing at such website. The County does not undertake any obligation to maintain or update such website or such information contained on such website.
If you are unable to access this website or to open the audited financials, please contact David A. Graham, County Auditor, at (937) 562-5065, for a copy of the audited financials for the year ended December 31, 2017.
APPENDIX B 2019 APPROPRIATIONS RESOLUTION
[SEE ATTACHED]
GREENE COUNTY APPROPRIATIONS Approved for General Fund Off(Ce ID eoa rt ment 2019 Budg e t Agriculture - Fair Board 57,000.00 Apiary Inspection 4,000.00 County Extension 233,180.00 Soil and Water Conservation 265,000.00 Airport 88,239.00 Auditor 876,924.00 Annual Audit Expenses (Bur. Of Inspection) 80,000.00 Budget Commission 500.00 Board of Elections 932,720.00 Building Regulations 1,215,556.00 Clerk of Courts 1,077,571.00 Commissioners 877,806.00 Common Pleas Court 1,982,392.00 Court of Appeals 46,000.00 Coroner 677,431.00 County Services (Maintenance) 2,472,025.00 Automotive Service Garage 252,759.00 Building & Grounds Capital Improvement 5,017,217.00 Data Processing 1,954,857.00 Department of Development 485,660.00 Domestic Relations Court 989,305.00 Engineer 96,950.00 Family & Children First 240,000.00 Fairborn Municipal Court (40%) 258,331.00 Job and Family Services (0006) 278,941.00 Juvenile Court 2,762,100.00 Detention 1,188,051.00 Parks and Trails 2,725,558.00 Personnel 481,694.00 Probate Court 448,695.00 Prosecutor - 0105 and 0138 depts 2,199,424.00 VOCA/SVAA Grant Supplements (0001-1402-5758) 99,300.00 Public Defender 400,000.00 Assigned Counsel (0001-0030-5310.00) 210,000.00 Recorder - Operating 452,800.00 Recorder - Microfilm ; 182,381.00 Records Center/Archives 267,130.00 Regional Planning 150,077.00 Risk Management 399,255.00 Insurance 400,000.00 Sheriff 16,167,027.00 Administration - Sheriff 2,184,152.00 Law Enforcement - Sheriff 5,106,254.00 Corrections,- Sheriff 8,899,586.00 Treasurer 471,521.00 Treasurer's Interest to Other Funds 160,000.00 Veterans Services 911,140.00 Cemetery - Memorial Day 6,000.00 Xenia Municipal Court (40%) 186,962.00 Misc. Operating Expenses 4,529,610.00 Misc Non-Operating Expenses 2,564,814.00 TOTAL GENERAL FUND 57,846,868.00
Appropriations are approved for all other funds, not to exceed their respective revenue amounts plus unencumbered cash as identified in the County Auditor's Official Certificate of Estimated Resources for the end of fiscal year, December 31, 2018, and if not will be reduced by the Greene County Commissioner's office so as to ensure that the appropriations do not exceed the certification. (The Certificate of Estimated Resources will be issued after above and all other funds are approved by BOCC). APPENDIX C FINANCIAL STATEMENT (DIRECT DEBT LIMITATION)
[SEE ATTACHED]
APPENDIX D TEN MILL CERTIFICATE (INDIRECT DEBT LIMITATION)
[SEE ATTACHED]
TEN-MILL CERTIFICATE FOR POLITICAL SUBDIVISIONS ISSUING UNVOTED GENERAL OBLIGATION DEBT
I, County Auditor of Greene, Ohio, hereby certify in connection with the following proposed issue of obligations of Greene County (the "Issuer'') in the principal amount of $0 dated 8/13/2019, that the tax rates required to produce an amount to pay the highest annual aggregate debt charges for the proposed issue and all other issues of said subdivision overlapping it, which are payable from taxes subject to the ten-mill limitation of Article XII, Section 2, Ohio Constitution, and applicable Revised Code provisions based on the facts set forth below and assuming that all levies were to be made for those debt charges on the general tax list and duplicate, are as follows: .
Required Tax 2018 Present Debt Charges for fiscal year in which they Rate for Two Overlapping Assessed Principal will total the highest, to-wit, 2020 Previous Subdivisions Valuation Bonds and Notes Outstanding Amount For Principal For Interest Columns
Greene County $4,143,401,110 (a) Special Assessment Bonds & ------Notes in original or refunded form: $7,702,418 $574,255 $237,742 0.1960 Mills (b) All other Bonds & Notes pay able from or secured by taxes inside 10 mill /imitation: 80,462,000 8,945,000 2,375,151 2.7321 Mills
Fairborn City 532,679,620 (a) Bonds & Notes payable from ------taxes inside 10 mill limitation: form: 1,086,979 1,086,979 876,761 3.6865 Mills
Xenia School 678,010,550 (a) Bonds & Notes payable from ------District taxes inside 10 mill limitation: 145,000 145,000 61,875 0.3051 Mills
139,725,490 (a) Bonds & Notes payable from ------Xenia Township (if any) taxes inside 10 mill limitation: 0 0 0 0.0000 Mills
Greene County Career Center JVSD 4,201,815,640 (a) Bonds & Notes payable from taxes inside 10 mill limitation: 0 0 0 0.0000 Mills
Proposed Issue: 0 0.0000 Mills .
TOTAL 6.9197 Mills
Dated this 13th day of August, 2019
Dinsmore & Shohl LLP Bond Attorneys · APPENDIX E AD VALOREM TAX RATES
[SEE ATTACHED]
3 aronCD25 19 44 98 .502 50 .010 .54.48 0.75 4 1.03 0.75 2.70 0 1.03 55.05 1.03 2.70 2.70 0.25 40.81 68.92 4.95 3.00 1.20 49.85 6.10 2.05 14.45 31.71 65.67 11.95 2.70 14.45 2.50 14.45 46.38 11.95 11.95 2.50 2.50 1.80 3.00 41.58 14.45 11.95 2.50 YellowSpringsEVSD Xenia Cit M40 FairbornCSD M39 CedarCliffLSD M38 M37 Xenia TownshipXeniaCSD M36 0 ahTwsi-aronCD25 19 44 98 .502 50 2. 55.05 0.25 4.95 49.85 14.45 11.95 2.50 FairbornCit A02 BathTownship-FairbornCSD A01 4 etrn iyVnBrnTpKteigCD25 19 44 81.5 14.45 14.45 11.95 11.95 2.50 2.50 Centerville City-SugarcreekTwp-Sugarcreek LSD L49 KetteringCity-VanBurenTwp-KetteringCSD L47 4. 0.75 1.03 0.5 2.70 4.48 32.75 0.75 2.50 1.03 2.50 2.70 46.38 27.75 1.80 14.45 3.00 11.95 41.58 2.50 46. 52. 1.4 14.45 0.00 1.80 2.00 11.95 2.58 3.00 2.50 4.45 64.05 41.58 46.30 1.50 55.05 14.45 14.45 6.50 11.95 11.95 0.25 56.05 2.50 2.50 4.95 14.45 49.85 11.95 2 14.45 2.50 4.45 11.95 46.30 2.50 GreeneviewLSD 14.45 11.95 C06 KetteringCity-BeavercreekCSD 2.50 CaesarcreekTownship-XeniaCSD C05 B45 XeniaCSD B04 BathTwpFairbornAnnexation BeavercreekTownship-BeavercreekCSD B03 A54 HuberHeightsCSD A50 5 XeniaTwp FairbornCity FairbornCS M52 Xenia Twp FairbornCity XeniaCS M51 52.7 2.00 4.45 46.30 14.45 11.95 2.50 FairbornCity-BeavercreekCSD B41 3 an S .01.51.54.065 .85.845 .000 .00.9 4.50 0.00 0.00 4.50 55.48 2.28 6.50 46.70 14.45 11.95 2.50 WayneLSD BellbrookCit L35 L34 2 reeiwLD25 19 44 77 .025 27 .010 .54. 0.75 1.03 2.70 32.75 2.50 2.50 27.75 14.45 11.95 2.50 46.3 1.80 3.00 41.58 14.45 11.95 2.50 GreeneviewLSD G21 NewJasperTownship-Xenia CSD G20 0 imntnCD25 19 44 46 .007 62 .000 .02. 0.00 0.00 2.70 26.20 0.70 0.90 24.60 14.45 11.95 2.50 WilmingtonCSD C07 DaytonCit A53 4 BeavercreekCit B42 3 evrre S .01.51.54.044 .05.527 .307 4 2.1 0.75 4.50 1.03 0.00 2.70 0.00 52.75 4.50 55.48 2.00 1.0 2.70 4.45 0. 2.28 46.38 0.00 46.30 6.50 0.7 2.70 46.70 1.80 14.45 1.03 30.25 3.00 11.95 2.70 14.45 0.7 0.50 41.58 2.50 32.75 11.95 1.03 0.00 2.25 2.50 2.50 14.45 2.70 0.00 27.50 11.95 2.50 32.75 3.00 2.50 14.45 40.49 2.0 27.75 2.50 11.95 4.60 2.50 3.00 14.45 2.50 4 59.30 0.00 27.75 11.95 1.80 2.50 37.49 14.45 14.45 3.00 11.95 11.95 14.45 1. 41.58 2.50 2.50 11.95 2.70 2. 2.50 14.45 68.92 2.50 32.75 11.95 1.20 2.50 27.75 2.50 2.05 BeavercreekCSD 2.50 14.45 65.67 27.75 11.95 L33 14.45 SugarcreekTownship-SugarcreekLSD SpringValleyVillage 2.50 14.45 L32 11.95 WayneLSD 11.95 2.50 K31 ClintonMassieLSD 2.50 K30 K29 JamestownVillage SpringValleyTownship-Xenia CSD K28 J27 SilvercreekTownship-GreeneviewLSD JamestownVillage J26 SoutheasternLSD H25 H24 RossTownship-GreeneviewLSD H22 YellowSpringsVillage F19 0 reeiwLD25 19 44 77 .025 27 .010 .54. 0.75 1.03 2.70 32.75 2.50 2.50 27.75 14.45 11.95 2.50 GreeneviewLSD D09 0 eavleTwsi-ea lf S .01.51.53.161 3. 6.10 31.71 14.45 11.95 2.50 CedarvilleTownship-CedarCliffLSD D08 2 ea lf S .01.51.53.161 .04.127 .307 4 0.75 1.03 2.70 40.81 4 3.00 0.75 6.10 1.03 31.71 2.70 40.81 14.45 11.95 3.00 2.50 6.10 31.71 14.45 11.95 2.50 CedarCliffLSD H23 CliftonVillage F18 1 imntnCD25 19 44 46 .007 62 .000 .02. 3.0 0.00 4.48 0.00 0.75 2.70 1.03 0. 26.20 2.70 1.03 46.38 0.70 2.70 0.90 0.00 40.81 1.80 0.00 24.60 3.00 3.00 3.00 41.58 6.10 14.45 40.49 11.95 31.71 14.45 3.00 2.50 11.95 0.00 14.45 2.50 11.95 37.49 2.50 14.45 2.50 11.95 2.50 2.50 27.75 14.45 11.95 2.50 WilmingtonCSD E14 JeffersonTownship-GreeneviewLSD CedarvilleVillage E13 XeniaCSD D12 SoutheasternLSD D11 D10 1 ea lf S .01.51.53.161 .04.127 .307 4 0.75 1.03 2.70 40.81 0 3.00 1.03 6.10 2.70 32.75 31.71 2.50 14.45 2.50 11.95 2.50 27.75 14.45 11.95 2.50 1.2 2.05 65.67 14.45 11.95 2.50 CedarCliffLSD F17 MiamiTownship-YellowSpringsEVSD BowersvilleVillage F16 E15 County Rate: GeneralFund 2.33;Note Retirement.17; Otherfu 3.50; Community Mental Health 1.50; Greene County Council on Ag 1.00; Bridge .25;Library 1.90; Children Services 1.50; Develop y y y y DISTRICT y D D District .9 ONYPROE COLPROE ONHPPROE CORPORATIONPURP TOWNSHIPPURPOSES SCHOOLPURPOSES COUNTY PURPOSES .01.51.55.046 .06.027 .307 .800 .023 0.0 2.30 0.00 0.00 4.48 0.75 1.03 2.70 65.90 2.00 4.60 59.30 14.45 11.95 2.50 0.0 5.80 0.00 0.50 4.48 0.75 0.0 1.03 0.00 2.70 52.75 4.70 0.0 0.20 0.00 2.00 4.48 0.00 4.45 0.75 0.40 46.30 1.03 4.48 2.70 14.45 0.75 55.05 11.95 1.03 2.50 2.70 0.25 55.05 4.95 49.85 0.25 4.95 14.45 49.85 11.95 2.50 14.45 11.95 2.50 .01.51.54.549 .55.527 .307 .806 .582 0.0 8.20 0.0 1.95 8.20 0.0 0.60 2.10 0.00 4.48 0.60 0.00 0.75 4.48 0.00 1.03 0.75 4.48 2.70 1.03 0.75 55.05 2.70 1.03 46.38 2.70 0.25 46.38 4.95 1.80 49.85 3.00 1.80 41.58 3.00 14.45 41.58 11.95 14.45 2.50 11.95 14.45 2.50 11.95 2.50 GENERAL FUND notice thatthenumberofmillsleviedoneachdollarproper
OTHER FUNDS In pursuanceofLaw,Sec.323.08OhioRevisedCodeI,RichardG mental Disabilities nds: Hospital Fund ing 1.40; Park TOTAL COUNTY 93 .020 59 .010 .544 .014 96 .02.015 0.0 1.50 21.90 0.00 19.60 1.40 0.90 4.48 0.75 1.03 2.70 65.90 2.00 4.60 59.30 GENERAL FUND RATES OFTAXATIONFORYEAR2018 .734 04 .000 .000 .000 .000 .057 .903 6 0.30 0.79 5.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 90.45 3.40 5.47 8
BOND RETIREMENT 0 27 .010 .544 .038 16 .01.000 .000 .00 0.00 0.00 0.00 0.00 15.90 0.00 11.60 3.80 0.50 4.48 0.75 1.03 2.70 52.75 .00 03.527 .307 .823 .033 .076 .000 .000 0.80 0.00 0.00 0.00 0.00 7.65 0.00 3.30 2.00 2.35 4.48 0.75 1.03 2.70 32.75 50 04.127 .307 .830 .554 .099 .000 .000 0.80 0.00 0.00 0.00 0.00 9.90 0.00 5.40 1.45 3.05 4.48 0.75 1.03 2.70 40.81 00 PERM IMPROVEMENT 59 .010 .544 .018 96 .02.000 .000 .00.8 0.00 0.00 0.00 0.00 22.30 0.00 19.60 1.80 0.90 4.48 0.75 1.03 2.70 65.90 0 89 .010 .544 .015 .019 .500 .000 .008 9 0.80 0.00 0.00 0.00 0.00 7.85 1.95 3.80 1.50 0.60 4.48 0.75 1.03 2.70 68.92 0 27 .010 .544 .019 .000 .000 .000 .008 62 0.80 0.00 0.00 0.00 0.00 9.60 0.00 6.50 1.90 1.20 4.48 0.75 1.03 2.70 32.75
.827 .307 .821 .090 .01.000 .000 .008 82 0.80 0.00 0.00 0.00 0.00 16.50 0.00 9.00 5.40 2.10 4.48 0.75 1.03 2.70 6.38 TOTAL LOCAL SCHOOL 827 .307 .822 .035 .066 .000 .000 .072.71 77.37 0.80 0.00 0.00 5.69 0.00 0.30 0.00 0.79 0.00 4.60 6.60 0.00 0.00 3.50 0.00 0.90 0.00 2.20 0.00 4.48 0.00 0.75 4.48 1.03 0.75 2.70 1.03 38 2.70 75 .010 .544 .000 .500 .508 .094 02 .083.23 0.80 10.20 9.40 0.00 0.80 0.55 0.00 0.05 0.00 0.50 4.48 0.75 1.03 2.70 5 .010 .544 .030 .000 .000 .000 .008 53 6 75.31 0.80 0.00 0.00 0.00 0.00 9.20 0.00 4.50 3.00 1.70 4.48 0.75 1.03 2.70 8 Greene County Auditor .010 .544 .034 .000 .506 .094 00 .08.86 88.68 0.80 10.05 9.40 0.00 0.65 3.85 0.00 0.00 3.45 0.40 4.48 0.75 1.03 2.70 .010 .544 .016 .000 .000 .000 .008 91 46 59.18 0.80 0.00 0.00 0.00 0.00 6.70 0.00 3.00 1.60 2.10 4.48 0.75 1.03 2.70
010 .544 .047 .000 21 .000 .000 .08.864. 86.88 0.80 0.00 0.00 0.00 0.00 12.10 0.00 7.00 4.70 0.40 4.48 0.75 1.03 70 JVS GENERAL David A.Graham .307 .806 .082 .01.000 .000 .008 81 61.63 78.11 0.80 0.00 0.00 0.00 0.00 12.00 0.00 8.20 3.20 0.60 4.48 0.75 1.03
307 .806 .038 .563 07 .003 10 .0160 70.16 106.00 0.80 11.00 0.30 0.00 10.70 6.35 1.95 3.80 0.00 0.60 4.48 0.75 03 JVS BOND .544 .000 .000 01 .000 .01.008 99 69.9263 89.91 0.80 13.70 5.10 0.00 8.60 10.10 0.00 8.00 0.00 2.10 4.48 0.75 3 ty listedfortaxationwithinsaidcountytheyear2018as 7 .806 .082 .01.000 .000 .008 0.562.772682 100.65 0.80 0.00 0.00 0.00 0.00 12.00 0.00 8.20 3.20 0.60 4.48 .75 7 .812 .065 .077 .000 .084 .06.85.77654 55.170736 68.58 0.80 8.40 0.00 0.00 8.40 7.70 0.00 6.50 0.00 1.20 4.48 .75 027 .054 .000 65 .000 .000 .06.04.15153 48.710521 64.70 0.80 0.00 0.00 0.00 0.00 16.50 0.00 9.00 5.40 2.10 2.70 00 544 .500 .000 .547 .003 .508 40 8722 60. 58.712122 74.04 0.80 5.05 0.30 0.00 4.75 8.45 0.00 5.40 0.00 3.05 4.48 75 JVS PERM OTHER .104 .070 .01.000 .000 .008 54 7990 78. 77.959907 95.41 0.80 0.00 0.00 0.00 0.00 12.10 0.00 7.00 4.70 0.40 4.01 3 .823 .033 .056 .000 67 07 .07.36.30865 60.339048 63 78.83 58.748936 0.80 78.28 20.70 16.70 0.80 0.00 20.70 16.70 4.00 0.00 5.65 4.00 0.00 3.30 5.10 0.00 0.00 2.35 3.00 4.48 0.00 5 2.10 4.48 5 ould, TreasurerofGreeneCounty,Ohiodoherebygive .021 .030 .067 .000 .000 .06.44.56849.03 45.453648 65.44 0.80 0.00 0.00 0.00 0.00 6.70 0.00 3.00 1.60 2.10 3.00 .030 .554 .099 .000 .000 .06.45.72053.64 50.476200 68.64 0.80 0.00 0.00 0.00 0.00 9.90 0.00 5.40 1.45 3.05 3.00 4 .032 .000 20 .000 .000 .07.45.97758.60 56.899787 72.54 0.80 0.00 0.00 0.00 0.00 12.00 0.00 8.20 3.20 0.60 .48 4 .018 96 .02.000 .000 .008 47 6464 79.5 76.496144 94.78 0.80 0.00 0.00 0.00 0.00 22.30 0.00 19.60 1.80 0.90 .48 4 .016 .000 .000 .000 .008 72 2136 53.869 52.183368 67.24 0.80 0.00 64.6 0.00 62.298685 0.00 77.89 0.00 6.70 0.80 11.00 0.00 0.00 3.00 1.60 0.00 2.10 11.00 .48 6.35 1.95 3.80 0.00 0.60 .48 4 .015 .019 .500 .000 .008 83 6021 57.504 56.022114 68.39 0.80 0.00 0.00 0.00 0.00 7.85 1.95 3.80 1.50 0.60 .48 822 .035 .066 .000 .000 .05.84.19051.1335 48.718910 59.08 0.80 0.00 0.00 0.00 0.00 6.60 0.00 3.50 0.90 2.20 48 817 .045 .092 .000 .000 .06.85.95853.3725 51.996578 61.68 0.80 0.00 0.00 0.00 0.00 9.20 0.00 4.50 3.00 1.70 48 022 .035 .066 .000 .000 .05.54.00949.2479 42.905079 50.75 0.80 0.00 0.00 0.00 0.00 6.60 0.00 3.50 0.90 2.20 70 830 .554 .099 .000 .000 .06.85.85453.4508 51.889574 62.38 0.80 0.00 0.00 0.00 0.00 9.90 0.00 5.40 1.45 3.05 48 012 .065 .096 .000 .000 .05.54.55149.9469 44.156581 53.75 0.80 0.00 0.00 0.00 0.00 9.60 0.00 6.50 1.90 1.20 70 TOTAL JVS .032 .000 20 .000 .000 .08.86.40864.01657 61.241058 86.78 0.80 0.00 0.00 0.00 0.00 12.00 0.00 8.20 3.20 0.60 GENERAL FUND .01.000 59 .000 .000 .08.16.3926.287B 66.025897 63.339982 82.01 0.80 0.00 0.00 0.00 0.00 15.90 0.00 11.60 3.80 0 .01.000 23 .000 .000 .09.37.2717.353L 78.438593 73.628741 97.53 0.80 0.00 0.00 0.00 0.00 22.30 0.00 19.60 1.80 0 .290 .01.200 .000 .008 13 6147 2386 K3 72.348765 66.124679 91.35 0.80 0.00 0.00 0.00 0.00 16.12 0.00 9.00 5.02 0 .554 .099 .000 .000 .07.16.4776.115D11 64.819115 61.945777 76.01 0.80 0.00 0.00 0.00 0.00 9.90 0.00 5.40 1.45 5
ROAD FUND
FIRE AND OTHERS
BOND RETIREMENT .040 .01.52.508 0.88.4778.008L35 86.805018 80.343797 109.18 0.80 21.25 17.25 0.00 4.00 2.30 0 B42 79.512913 78.798271 97.36 A53 0.80 68.988795 18.58 66.758421 17.20 A02 0.28 66.739484 88.68 1.10 64.392704 0.00 6.30 9.80 86.48 0 0.00 0.80 11.30 5.30 9.40 4.50 0.00 4.90 1.90 0 0.40 0 07 .500 .01.508 55 9963 2778 M52 72.787187 M51 M40 74.013294 61.037830 69.906030 70.604616 57.370464 95.58 87.21 72.81 0.80 10.05 0.80 0.80 9.40 10.20 6.70 9.40 0.00 0.60 0.00 0.65 0.20 0.80 10.75 5.90 0 10.90 0 0.00 0
TOTAL TAX TOWNSHIP pero h a ok ntenwonrsnm ni eod r received not are will records until date name this owner's after new the purchased in Property books for the tax year 2019. tax 2018. the 1, on January appear on owner the elEtt tnscagdo h onyTesrrsbosi h aeof name the in books Treasurer's County the on charged stands Estate Real GENERAL FUND follows:
BOND RETIREMENT .015 .0182 6861 4003 L49 84.040836 76.816813 108.23 0.00 1.50 0.00 0
LIGHTS AND OTHERS OSES
7 .0116 9009 4699 L47 94.669097 79.020294 111.69 0.00 .79 TOTAL TAX CORPORATION
8 83 9232 0105 B03 70.190059 69.203327 88.38 .80 HEALTH 0.37.8148.299L32 83.720909 76.486124 107.93 0 01 8873 1143 J26 51.104133 48.857134 60.13 04 7252 8485 D08 58.478153 57.205920 70.44
.06.9097.535F16 70.759325 61.895009 6.50 TOTAL TAX RATE 6 3583 9666 K28 69.646461 63.508737 .61 0 9901 1828 E13 51.832583 49.970412 .08 TAX RATES 8751 2516 C05 62.501867 B45 65.069064 58.775113 64.010352 9712 0895 B41 70.879753 69.701728 .9746.344A54 68.939484 6.592704 .5716.484G20 64.740824 2.052781 872 8826 H22 48.842167 .867022
7436.465A01 67.142695 878473 AGRICULTURAL & A- 646.468M36 64.942678 9644 998.535F19 80.259325 2989 RESIDENTIAL 27.858K31 75.488558 92 1872 M39 71.857028 578 J27 .597982 H25 .736016 895 K29 .879855 222 E15 .212924 546A50 352446 565D12 351615 COMMERCIAL & 05 L33 20451 45 F18 34859 B- 76M37 1716 38H24 6378 07D10 5057 INDUSTRIAL 7 H23 474 1 F17 013 8C06 98 5G21 55 5C07 15 6D09 46 0E14 00 M38 1 34 04
0 DISTRICT APPENDIX F INVESTMENT POLICY
GREENE COUNTY INVESTMENT POLICY
Effective September 27, 1996
I. Scope
This written Investment Policy shall apply to the active and inactive monies of Greene County.
II. Objectives
The following deposit/investment objectives will be applied in the management of the funds of Greene County:
Ensure the preservation of capital and the protection of investment principal.
Maintain sufficient liquidity to meet the fiscal operating requirements of Greene County.
Strive to attain the best and safest return or yield on active and/or inactive monies of Greene County.
Investments shall be made with the exercise of that degree of judgment and care, under circumstances then prevailing, which persons of prudence, discretion and intelligence exercise in the management of their own affairs, considering the probable safety of their capital as well as the probable income to be derived.
III. County Investment Advisory Committee
The County Investment Advisory Committee is mandated in Section 135.341 of the Ohio Revised Code.
This Committee shall consist of five members: The three County Commissioners, the County Treasurer, and the Clerk of the Court of Common Pleas of the County.
The committee shall elect its own Chairperson.
The committee shall establish and periodically review a written County investment Policy and shall meet at least once every three months.
IV. Investing Authority
The Investing Authority for the County of Greene shall be the Treasurer of the County in accordance with Sections 135.31(C) and 135.31(F).
F-1 V. Investment Instruments
The Investing Authority may only deposit and/or invest in any investments specifically detailed in the Ohio Revised Code Section 135.35 or other relevant sections as amended.
VI. Maturities
To the extent possible, the Investing Authority will attempt to match the investments with the anticipated fiscal operating requirements of Greene County.
The Investing Authority may invest or deposit any or all of the interim money’s provided that such investments will mature or are redeemable within five years from the date of settlement, unless the investment is matched to a specific obligation or debt of the County and is specifically approved by the Investment Advisory Committee.
Repurchase agreements shall have a maturity date not to exceed 30 days.
Securities may be redeemed or sold prior to maturity to enhance the yield of the portfolio, to restructure the portfolio, for diversification purposes, or to raise cash.
VII. Diversification
It will be the policy of Greene County to diversify its investments to eliminate the risk of loss resulting from an over concentration of county funds in a specific maturity, a specific issue or a specific class of securities.
VIII. Collateral Requirements for Deposits
Any public depository shall, at the time it receives a county deposit or investment in a certificate of deposit, pledge to and deposit with the Investing authority as collateral, eligible securities of aggregate market value that, when added to the portion of the deposit insured by the FDIC, equals or exceeds the amount of county funds deposited.
The following securities shall be eligible to be pledged as collateral:
1. Bonds, notes or other direct obligations of the United States government;
2. Bonds, notes, debentures, letters of credit, or other obligations issued by any federal agency, guaranteed as to principal and interest by the United States;
3. Obligations of or fully insured or fully guaranteed by the United States or any federal government agency or instrumentality;
4. Obligations partially insured or partially guaranteed by any federal agency or instrumentality;
5. Obligations of or fully guaranteed by the Federal National Mortgage Association, Federal Home Loan Mortgage Corporations, Federal Farm Credit Bank, or Student Loan Marketing Association;
F-2 6. Bonds and other obligations of this state;
7. Bonds and other obligations of any county, township, school district, municipal corporation, or other legally constituted taxing subdivision of this state, which is not at the time of such deposit, in default in the payment of principal or interest on any of its bonds or other obligations; for which the full faith and credit of the issuing subdivision is pledged;
8. Bonds of other states of the United States which have not during the ten years immediately preceding the time of such deposit defaulted in payments of either interest or principal on any of their bonds;
9. Obligations guaranteed as to principal and interest by the Ohio student aid commission;
10. Shares of no-load money market mutual funds consisting exclusively of obligations described in (1.) and (2.) above, and repurchase agreements secured by such obligations.
A public depository may substitute or exchange eligible securities for other eligible securities by notifying the investing authority of its intent to make such substitution or exchange. The investing authority may sign a release of such securities provided that the depository delivers other securities having a current market value equal to or greater than the current market value of those securities currently on deposit.
A public depository may at its option pledge a single pool of eligible securities to secure the repayment of all public monies held by the depository.
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