City of Columbus
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CITY OF COLUMBUS OHIO COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended December 31, 2012 Issued by CITY AUDITOR HUGH J. DORRIAN City of Columbus, Ohio Comprehensive Annual Financial Report For the Fiscal Year Ended December 31, 2012 Issued by: City Auditor's Office Hugh J. Dorrian, CPA City Auditor City of Columbus, Ohio This page is left blank intentionally. INTRODUCTORY SECTION City of Columbus, Ohio COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended December 31, 2012 Table of Contents INTRODUCTORY SECTION Exhibit Page No. Table of Contents ............................................................................................. 1 Letter of Transmittal ......................................................................................... 9 GFOA Certificate of Achievement ................................................................... 15 Organization Chart ........................................................................................... 16 List of Principal Officials ................................................................................. 17 City Auditor's Staff ........................................................................................... 18 FINANCIAL SECTION Independent Auditors' Report ........................................................................... 19 Management’s Discussion and Analysis .......................................................... 23 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ................................................................. 1 43 Statement of Activities ..................................................................... 2 44 Fund Financial Statements: Balance Sheet – Governmental Funds .............................................. 3 46 Reconciliation of the Balance Sheet to the Statement of Net Position – Governmental Funds ................... 3.1 47 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds .................................... 4 48 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities – Governmental Funds ....................... 4.1 49 Statement of Net Position – Proprietary Funds ................................ 5 50 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds ................................... 6 51 Statement of Cash Flows – Proprietary Funds .................................. 7 52 Statement of Fiduciary Assets and Liabilities– Fiduciary Funds ..... 8 54 Notes to the Financial Statements: A. Summary of Significant Accounting Policies .......................... 56 B. Commitments and Contingencies ............................................ 66 C. Cash and Investments .............................................................. 68 D. Receivables .............................................................................. 72 E. Due From and Due To Other Funds ........................................ 73 F. Capital Assets .......................................................................... 74 G. Bonds, Notes, and Loans Payable ............................................ 75 1 City of Columbus, Ohio Notes to the Financial Statements (Continued) Exhibit Page No. H. Deferred Inflows/Deferred Outflows of Resources ................. 94 I. Property Leased to Others ....................................................... 94 J. Lease Commitments and Leased Assets .................................. 95 K. Pension Plans ........................................................................... 97 L. Income Taxes ........................................................................... 101 M. Property Taxes ......................................................................... 102 N. Fund Balance ........................................................................... 102 O. Miscellaneous Revenues .......................................................... 104 P. Transfers .................................................................................. 105 Q. Component Unit- The RiverSouth Authority ....................................................... 106 R. Change in Accounting ............................................................. 108 Required Supplementary Information .............................................................. 111 Budgetary Comparison Schedule – General Fund ................................... 9 113 Notes to the Required Supplementary Information ................................. 114 Supplementary Information .............................................................................. 117 Major Governmental Funds: ................................................................... 119 Schedule of Expenditures – Budget and Actual Budget Basis • General Fund ................................................................. A-1 120 Schedules of Revenues, Expenditures, and Changes in Fund Balances– Budget and Actual–Budget Basis • General Bond Retirement ............................................... A-2 125 • Special Income Tax ........................................................ A-3 126 Other Governmental Funds: .................................................................... 127 Combining Balance Sheet – Nonmajor Governmental Funds ............................................... B-1 129 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds ................................................ B-2 147 2 City of Columbus, Ohio Supplementary Information (Continued) Exhibit Page No. Schedules of Revenues, Expenditures, and Changes in Fund Balances–Budget and Actual-Budget Basis • HOME Program .............................................................. B-3 165 • HOPE Program ............................................................... B-4 166 • HUD Section 108 Loans ................................................. B-5 167 • Land Management .......................................................... B-6 168 • Law Enforcement ............................................................ B-7 169 • General Government Grants ........................................... B-8 170 • Area Commissions ......................................................... B-9 173 • Special Purpose .............................................................. B-10 174 • Mayor’s Education Charitable Trust .............................. B-11 175 • Drivers Alcohol Treatment ............................................. B-12 176 • Municipal Court Special Projects ................................... B-13 177 • Municipal Court Clerk ................................................... B-14 178 • Columbus Community Relations ................................... B-15 179 • Housing/Business Tax Incentives .................................. B-16 180 • Hester Dysart Paramedic Education .............................. B-17 181 • Hotel-Motel Tax ............................................................ B-18 182 • Emergency Human Services .......................................... B-19 183 • Private Leisure Assistance for Youth ............................. B-20 184 • Tree Replacement ........................................................... B-21 185 • Gatrell Arts and Vocational Rehabilitation.................... B-22 186 • Columbus Housing Fund ............................................... B-23 187 • Neighborhood Economic Development Fund ............... B-24 188 • Fire Quarter Master Incentive Travel Fund ................... B-25 189 • Columbus JEDD Revenue ............................................. B-26 190 • Development Services .................................................... B-27 191 • Private Construction Inspection ...................................... B-28 192 • Urban Development Action Grants ................................ B-29 193 • Community Development Act ........................................ B-30 194 • Health .............................................................................. B-31 196 • Health Department Grants .............................................. B-32 197 • County Auto License ...................................................... B-33 198 • Street Construction Maintenance & Repair .................... B-34 199 • Municipal Motor Vehicle Tax ........................................ B-35 200 • City Parking Meter Contribution .................................... B-36 201 • Parking Meter Program Fund ......................................... B-37 202 • E-911 ............................................................................... B-38 203 • Treasury Investment Earnings ........................................ B-39 204 • Casino ............................................................................. B-40 205 • Westside Community Fund ............................................ B-41 206 • Golf Course Operations .................................................. B-42 207 • Recreation & Parks Operations ....................................... B-43 208 • Recreation & Parks Grants ............................................. B-44 209 • Reynolds Crossing Special Assessment.......................... B-45 210 • Mined Assets .................................................................. B-46 211 • Private Grants ................................................................. B-47 212 • Urban Site Acquisition Loan .......................................... B-48 213 • Photo Red Light .............................................................