City of Maumee, Ohio
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CITY OF MAUMEE, OHIO Lucas County, Ohio COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2018 DRAFT 6/13/2019 DRAFT 6/13/2019 CITY OF MAUMEE, OHIO COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2018 Prepared by the Finance Department Debra L. Cartledge Amber L. Rathburn Finance Director Assistant Finance Director DRAFT 6/13/2019 CITY OF MAUMEE, OHIO DRAFT 6/13/2019 CITY OF MAUMEE, OHIO TABLE OF CONTENTS CITY OF MAUMEE LUCAS COUNTY, OHIO I INTRODUCTORY SECTION A Letter of Transmittal ............................................................................................. v B List of Principal Officials ................................................................................... xiv C City Organizational Chart ................................................................................... xv D Certificate of Achievement for Excellence in Financial Reporting ........................ xvi II FINANCIAL SECTION A Independent Auditor’s Report....................................................................................... 1 B Management’s Discussion and Analysis ...................................................................... 5 C Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ................................................................................... 18 Statement of Activities ....................................................................................... 20 Fund Financial Statements: Governmental Funds: Balance Sheet ..................................................................................................... 22 Reconciliation of Total Governmental Fund Balances to Net Position of Governmental Activities ..................................................................................... 24 Statement of Revenues, Expenditures and Changes in Fund Balances .............. 26 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities ................................................. 28 Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis): General Fund ................................................................................................. 30 Fallen Timbers TIF Fund ............................................................................... 31 Proprietary Funds: Statement of Net Position ................................................................................... 32 Statement of Revenues, Expenses and Changes in Fund Net Position ............... 34 Statement of Cash Flows .................................................................................... 35 Fiduciary Funds: Statement of Assets and Liabilities ..................................................................... 36 Notes to the Basic Financial Statements .................................................................. 37 DRAFT - i - 6/13/2019 CITY OF MAUMEE, OHIO D Required Supplemental Information: Schedule of City’s Proportionate Share of the Net Pension Liability ................................................................................................. 94 Schedule of City Pension Contributions ............................................................. 96 Schedule of City’s Proportionate Share of the Net Other Postemployment Benefits (OPEB) Liability .................................................................................. 99 Schedule of City’s Other Postemployment Benefit (OPEB) Contributions ..... 100 Notes to the Required Supplemental Information ................................................. 102 E Combining and Individual Fund Statements and Schedules: Nonmajor Governmental Financial Statements: Combining Balance Sheet ................................................................................. 108 Combining Statement of Revenues, Expenditures and Changes in Fund Balances ............................................................................................................ 109 Combining Balance Sheet – Nonmajor Special Revenue Funds ...................... 110 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Special Revenue Funds ................................................. 114 Combining Balance Sheet – Nonmajor Debt Service Funds ............................ 118 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Debt Service Funds ....................................................... 119 Combining Balance Sheet – Nonmajor Capital Projects Funds ....................... 120 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Capital Projects Funds................................................... 122 Individual Schedules of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis): Major Governmental Funds: General Fund ............................................................................................... 124 Special Revenue Fund: Fallen Timbers TIF Fund.......................................................................... 130 Capital Projects Fund: Income Tax “B” (0.5%) Fund .................................................................. 131 Nonmajor Governmental Funds: Special Revenue Funds: Street Construction, Maintenance and Repair Fund ................................. 132 State Highway Improvement Fund ........................................................... 133 Permissive Auto License Tax Fund .......................................................... 134 Street Lighting Fund ................................................................................. 135 DRAFT - ii - 6/13/2019 CITY OF MAUMEE, OHIO Nonmajor Governmental Funds: (Continued) Special Revenue Funds: Law Enforcement Trust Fund ................................................................... 136 Mandatory Drug Law Fund ...................................................................... 137 Enforcement and Education Fund ............................................................ 138 Indigent Driver Alcohol Treatment Fund ................................................. 139 Municipal Court Capital Improvement Fund ........................................... 140 Community Housing Improvement Program Fund .................................. 141 Job Creation and Retention Fund ............................................................. 142 Police Pension Fund ................................................................................. 143 Street Opening Fund ................................................................................. 144 Probation Services Fund ........................................................................... 145 Indigent Driver Interlock Monies Fund .................................................... 146 Court Clerk Computer Fund ..................................................................... 147 Indigent Driver Alcohol Treatment Surplus Fund .................................... 148 Arrowhead Business Park TIF Fund ........................................................ 149 Tollgate Drive TIF Fund .......................................................................... 150 Debt Service Fund: General Bond Retirement Fund ................................................................ 151 Special Assessment Bond Retirement Fund ............................................. 152 Capital Projects Funds: Sewer Construction Fund ......................................................................... 153 Waterline Construction Fund ................................................................... 154 Street Construction Fund .......................................................................... 155 Sidewalk Construction Fund .................................................................... 156 Permanent Improvement Fund ................................................................. 157 Fiduciary Funds – Agency Funds: Combining Statement of Changes in Assets and Liabilities ............................. 159 DRAFT - iii - 6/13/2019 CITY OF MAUMEE, OHIO III STATISTICAL SECTION Net Position by Component - Last Ten Years .............................................................................. S 2 Changes in Net Position - Last Ten Years .................................................................................... S 4 Fund Balances, Governmental Funds - Last Ten Years ............................................................... S 8 Changes in Fund Balances, Governmental Funds - Last Ten Years .......................................... S 10 Income Tax Revenues by Source, Governmental Funds - Last Ten Years ................................ S 14 Income Tax Statistics - Current Year and Nine Years Ago ....................................................... S 17 Ratio of Outstanding Debt by Type - Last Ten Years ................................................................ S 18 Ratios of General Bonded Debt Outstanding - Last Ten Years ................................................. S 20 Computation of Direct and Overlapping - Debt Attributable to Governmental Activities - Current Year .................................................................................... S 23 Debt Limitations - Last Ten Years ............................................................................................. S 24 Demographic and Economic Statistics