Collin County, Texas
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COLLIN COUNTY TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013 JEFF MAY COUNTY AUDITOR COLLIN COUNTY, TEXAS Comprehensive Annual Financial Report For the fiscal year ended September 30, 2013 Prepared by: Office of County Auditor Collin County THIS PAGE LEFT BLANK INTENTIONALLY COLLIN COUNTY, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013 TABLE OF CONTENTS Page Number INTRODUCTORY SECTION County Auditor’s Letter of Transmittal .................................................................. i - iv GFOA Certificate of Achievement ......................................................................... v Organizational Chart ............................................................................................... vi Directory of Officials .............................................................................................. vii – viii FINANCIAL SECTION Independent Auditor’s Report................................................................................. 1 – 3 Management’s Discussion and Analysis ................................................................ 4 – 24 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ................................................................................ 25 Statement of Activities ..................................................................................... 26 Fund Financial Statements: Balance Sheet – Governmental Funds ............................................................. 27 – 28 Reconciliation of the Balance Sheet of the Governmental Funds to the Statement of Net Position....................................................... 29 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds ....................................................... 30 – 31 COLLIN COUNTY, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013 (Continued) TABLE OF CONTENTS Page Number FINANCIAL SECTION (Continued) Fund Financial Statements: (Continued) Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of the Governmental Funds to the Statement of Activities ................................................................................ 32 Statement of Net Position – Proprietary Funds................................................ 33 Statement of Revenues, Expenses, and Changes in Net Position – Proprietary Funds ............................................................... 34 Statement of Cash Flows – Proprietary Funds ................................................. 35 Statement of Fiduciary Assets and Liabilities – Fiduciary Funds ................... 36 Notes to the Financial Statements .................................................................... 37 – 69 Required Supplementary Information: Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget (GAAP Basis) and Actual – General Fund .................................... 70 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget (GAAP Basis) and Actual – General Road and Bridge Special Revenue Fund................................................................................. 71 – 72 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Health Care Foundation Special Revenue Fund................................................................................ 73 Notes to the Required Supplementary Information ......................................... 74 COLLIN COUNTY, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013 (Continued) TABLE OF CONTENTS Page Number FINANCIAL SECTION (Continued) Additional Supplementary Information: Additional Supplementary Information – Schedule of Expenditures, Compared to Budget (GAAP Basis) – General Fund .......... 75 – 89 Additional Supplementary Information – Schedule of Expenditures, Compared to Budget (GAAP Basis) – Debt Service Fund . 90 Additional Supplementary Information – Schedule of Expenditures, Compared to Budget (GAAP Basis) – 2007 Road Bond Capital Projects Fund ..................................................... 91 Combining and Individual Fund Statements and Schedules: Combining Balance Sheet – Nonmajor Governmental Funds ......................... 92 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds .................................. 93 Combining Balance Sheet – Nonmajor Governmental Funds – Nonmajor Special Revenue Funds .............................................................. 94 – 98 Combining Statements of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds – Nonmajor Special Revenue Funds .............................................................. 99 – 103 COLLIN COUNTY, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013 (Continued) TABLE OF CONTENTS Page Number FINANCIAL SECTION (Continued) Combining and Individual Fund Statements and Schedules: (Continued) Schedules of Revenues, Expenditures, and Changes in Fund Balances – Budget (GAAP) and Actual – Special Revenue Funds .............................. 104– 133 Combining Balance Sheet – Nonmajor Governmental Funds – Nonmajor Capital Project Funds ................................................................. 134 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds – Nonmajor Capital Project Funds ................................................................. 135 Schedules of Revenues, Expenditures, and Changes in Fund Balances – Budget (GAAP Basis) and Actual – Nonmajor Governmental Funds – Capital Project Funds .................................................................................. 136 – 143 Combining Statement of Net Position – Internal Service Funds ..................... 144 Combining Statement of Revenues, Expenses, and Changes in Net Position – Internal Service Funds ........................................................ 145 Combining Statement of Cash Flows – Internal Service Funds ...................... 146 Combining Statement of Changes in Fiduciary Assets and Liabilities – Agency Funds ............................................................................................. 147 – 159 COLLIN COUNTY, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013 (Continued) TABLE OF CONTENTS Page Number STATISTICAL SECTION Financial Trends: Net Position by Component ............................................................................. 160 Changes in Net Position ................................................................................... 161 – 162 Fund Balances, Governmental Funds .............................................................. 163 Changes in Fund Balance, Governmental Funds ............................................. 164 – 165 Revenue Capacity: Estimated Market Value and Assessed Taxable Value of Property ................ 166 Property Tax Rates – All Direct and Overlapping Governments .................... 167 – 168 Principal Taxpayers ......................................................................................... 169 – 170 Property Tax Levies and Collections ............................................................... 171 Debt Capacity: Ratios of Outstanding Debt by Type ............................................................... 172 Ratio of General Bonded Debt Outstanding .................................................... 173 Direct and Overlapping Governmental Activities Debt ................................... 174 Legal Debt Margin Information ....................................................................... 175 COLLIN COUNTY, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2013 (Continued) TABLE OF CONTENTS Page Number STATISTICAL SECTION (Continued) Demographic and Economic Information: Demographic and Economic Statistics ............................................................ 176 Principal Employers ......................................................................................... 177 – 178 Operating Information: County Employees by Function ....................................................................... 179 – 180 Operating Indicators by Function/Program ..................................................... 181 Capital Assets by Function/Program ............................................................... 182 INTRODUCTORY SECTION THIS PAGE LEFT BLANK INTENTIONALLY Auditor’s Office 2300 Bloomdale Rd. COLLIN COUNTY Suite 3100 McKinney, Texas 75071 www.collincountytx.gov March 28, 2014 Honorable District Judges Honorable County Judge Honorable County Commissioners, Collin County, Texas The Comprehensive Annual Financial Report of Collin County, Texas, for the fiscal year ended September 30, 2013, is submitted herewith in accordance with Chapter 114.025 of the Local Government Code. The accompanying financial statements were prepared in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board and audited in accordance with auditing standards generally accepted in the United States of America by a firm of licensed public accountants. This report consists of management's representations concerning the finances of Collin