Brazos County, Texas
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BRAZOS COUNTY, TEXAS Comprehensive Annual Financial Report For The Year Ended September 30, 2003 Prepared by: Katie Conner, C. P. A. County Auditor BRAZOS COUNTY, TEXAS Comprehensive Annual Financial Report For The Year Ended September 30, 2003 Prepared by: Katie Conner, C. P. A. County Auditor BRAZOS COUNTY, TEXAS Comprehensive Annual Financial Report For the Fiscal Year Ended September 30, 2003 TABLE OF CONTENTS Page No. Table of Contents.......................................................................................................... i-iv INTRODUCTORY SECTION County Auditor’s Letter of Transmittal........................................................................ 1-8 GFOA Certificate of Achievement ............................................................................... 9 Principal Officials ......................................................................................................... 10 Brazos County Organizational Chart............................................................................ 11 FINANCIAL SECTION Independent Auditors’ Report ...................................................................................... 12-13 Management’s Discussion and Analysis (Unaudited).................................................. 14-26 Basic Financial Statements: Government - wide Statement of Net Assets.......................................................... 27-28 Government - wide Statement of Activities ........................................................... 29-30 Balance Sheet – Governmental Funds .................................................................... 31 Reconciliation of Balance Sheet of Governmental Funds to the Statement of Net Assets....................................................................... 32 Statement of Revenues, Expenditures And Changes in Fund Balances – Governmental Funds ............................... 33-34 Reconciliation of the Statement of Revenues, Expenditures, and Changes In Fund Balances of Governmental Funds to the Statement of Activities..... 35 Statement of Net Assets – Proprietary Funds ......................................................... 36 Statement of Revenues, Expenses, and Changes in Fund Net Assets – Proprietary Funds ..................................................................... 37 Statement of Cash Flows – Proprietary Funds........................................................ 38 Statement of Fiduciary Assets and Liabilities – Agency Funds ............................. 39 Notes to the Basic Financial Statements................................................................. 40-68 Required Supplementary Information Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget (GAAP basis) and Actual – General Fund........................................... 69-81 Retirement System.................................................................................................. 82 Notes to Required Supplementary Information ...................................................... 83-84 i BRAZOS COUNTY, TEXAS Comprehensive Annual Financial Report For the Fiscal Year Ended September 30, 2003 TABLE OF CONTENTS FINANCIAL SECTION (Continued) Page No. Supplementary Information Combining and Individual Fund Financial Statements And Schedules: Nonmajor Governmental Funds: Combining Balance Sheet................................................................................. 85-88 Combining Statement of Revenues, Expenditures and Changes in Fund Balances............................................................................................. 89-92 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget (GAAP Basis) and Actual: State Lateral Road................................................................................. 93 Unclaimed Property ............................................................................. 94 Law Library .......................................................................................... 95 Appellate Judicial ................................................................................. 96 Alternative Dispute Resolution............................................................. 97 Law Enforcement Education................................................................. 98 County Records Management and Preservation................................... 99 County Clerk Records Management and Preservation......................... 100 Time Payment Fee ................................................................................ 101 Courthouse Security.............................................................................. 102 District Clerk Records Management and Preservation......................... 103 Justice of the Peace Technology........................................................... 104 Special Forfeitures ................................................................................ 105 Voter Registration................................................................................. 106 Vehicle Inventory Tax Interest ............................................................. 107 Sheriff Department Crime Fund ........................................................... 108 District Attorney Crime Fund............................................................... 109 Bail Bond Board ................................................................................... 110 Grants.................................................................................................... 111 Debt Service Fund: Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget (GAAP Basis) and Actual................................................................................ 112 Capital Project Funds: Combining Balance Sheet................................................................................. 113-114 Combining Statement of Revenues, Expenditures and Changes in Fund Balances.......................................................................... 115-116 ii BRAZOS COUNTY, TEXAS Comprehensive Annual Financial Report For the Fiscal Year Ended September 30, 2003 TABLE OF CONTENTS FINANCIAL SECTION (Continued) Page No. Combining and Individual Fund Financial Statements And Schedules (Continued): Capital Project Funds (continued): Schedules of Revenues, Expenditures and Changes in Fund Balance - Budget (GAAP Basis) and Actual: Certificates of Obligation 2002............................................................. 117 County Court at Law Courtroom .......................................................... 118 Judicial Software................................................................................... 119 Capital Improvement ............................................................................ 120 Exposition Center ................................................................................. 121 Road and Bridge Infrastructure – Certificates of Obligation 2002....... 122 Proprietary Fund Types: Internal Service Fund: Health and Life Insurance – Statement of Net Assets ................................ 123 Health and Life Insurance - Schedule of Revenues, Expenses and Changes in Fund Net Assets Budget (GAAP Basis) and Actual.......... 124 Health and Life Insurance - Statement of Cash Flows ............................... 125 Fiduciary Fund Types : Combining Balance Sheet........................................................................... 126-127 Capital Assets Used in Operations of Governmental Funds: By Source.................................................................................................... 128 Schedule of Changes by Function and Activity............................................. 129-130 Schedule by Function and Activity............................................................. 131-132 STATISTICAL SECTION Table No. Page No. Government-wide Revenues........................................................ 1 ............ 133 Government-wide Expenses by Function .................................... 2 ............ 134 Comparative Condensed Summary of Revenues All Governmental Fund Types - Last Ten Fiscal Years .. 3 ............ 135 Comparative Summary of Expenditures – All Governmental Fund Types - Last Ten Fiscal Years 4 ............ 136-137 Property Tax Levies and Collections And Schedule of Property Taxes Receivable - Last Ten Years............................... 5 ............ 138-139 iii BRAZOS COUNTY, TEXAS Comprehensive Annual Financial Report For the Fiscal Year Ended September 30, 2003 TABLE OF CONTENTS STATISTICAL SECTION (Continued) Table No. Page No. Assessed and Estimated Actual Value of Taxable Property - Last Ten Years ............................................................................. 6 ............ 140 Property Tax Rates - All Direct and Overlapping Governments - Last Ten Years ............................................................................. 7 ............ 141 Ten Largest Taxpayers....................................................................... 8 ............ 142 Computation of Legal Debt Margin................................................... 9 ............ 143 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General Expenditures - Last Ten Years................. 10 ............ 144 Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita - Last Ten Years............................ 11 ............ 145-146 Computation of Direct and Overlapping Debt..................................