DOCSLIB.ORG

Comprehensive Annual Financial Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Comprehensive Annual Financial Report State of Alaska Comprehensive Annual Financial Report For the Fiscal Year July 1, 2018 - June 30, 2019 Prepared by: Department of Administration Division of Finance The FY 19 CAFR is expected to be available on or after February 26, 2020 on our Internet web site at http://doa.alaska.gov/dof/reports/cafr.html. This publication was released by the Department of Administration, Division of Finance to report on the State’s financial status. This publication is required by AS 37.05.210 This page intentionally left blank. STATE OF ALASKA COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended June 30, 2019 TABLE OF CONTENTS Page Statement INTRODUCTORY SECTION Letter of Transmittal i Exhibits viii Organizational Chart xii Functions of State Departments xiii Alaska State Legislature xvi FINANCIAL SECTION 1 INDEPENDENT AUDITOR'S REPORT 3 MANAGEMENT'S DISCUSSION AND ANALYSIS 7 BASIC FINANCIAL STATEMENTS: 17 Government-wide Financial Statements Statement of Net Position 18 1.01 Statement of Activities 20 1.02 Fund Financial Statements Governmental Funds 23 Balance Sheet 24 1.11 Reconciliation of the Balance Sheet to the Statement of Net Position 25 1.12 Statement of Revenues, Expenditures, and Changes in Fund Balances 26 1.13 Reconciliation of the Change in Fund Balances to the Statement of Activities 27 1.14 Proprietary Funds 29 Statement of Net Position 30 1.21 Statement of Revenues, Expenses, and Changes in Fund Net Position 33 1.22 Statement of Cash Flows 34 1.23 Fiduciary Funds 37 Statement of Fiduciary Net Position 38 1.31 Statement of Changes in Fiduciary Net Position 39 1.32 Component Units 41 Statement of Net Position 42 1.41 Statement of Activities 44 1.42 Notes to the Basic Financial Statements 47 REQUIRED SUPPLEMENTARY INFORMATION: 163 Budgetary Comparison Schedule - General Fund 164 2.01 Note to Required Supplementary Information - Budgetary Reporting 165 Information about the State's Pension and Other Postemployment Benefit Plans 166 2.10 - 2.53 STATE OF ALASKA COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended June 30, 2019 TABLE OF CONTENTS SUPPLEMENTARY INFORMATION COMBINING FUND STATEMENTS: 203 Governmental Funds General Fund 205 Combining Balance Sheet 211 3.01 Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances 212 3.02 Nonmajor Governmental Funds 213 Combining Balance Sheet 214 3.11 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 215 3.12 Permanent Funds 217 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual 218 3.23 Nonmajor Special Revenue Funds 219 Combining Balance Sheet 222 3.31 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 224 3.32 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual 226 3.33 Nonmajor Debt Service Funds 233 Combining Balance Sheet 234 3.41 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 235 3.42 Nonmajor Capital Projects Funds 237 Combining Balance Sheet 238 3.51 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 239 3.52 Proprietary Funds Nonmajor Enterprise Funds 241 Combining Statement of Net Position 244 4.01 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position 245 4.02 Combining Statement of Cash Flows 246 4.03 Commercial Assistance Enterprise Funds Combining Statement of Net Position 248 4.11 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position 250 4.12 Combining Statement of Cash Flows 252 4.13 Energy Assistance Enterprise Funds Combining Statement of Net Position 254 4.21 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position 255 4.22 Combining Statement of Cash Flows 257 4.23 Other Agencies Enterprise Funds Combining Statement of Net Position 258 4.31 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position 260 4.32 Combining Statement of Cash Flows 262 4.33 Internal Service Funds 265 Combining Statement of Net Position 266 4.41 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position 267 4.42 Combining Statement of Cash Flows 268 4.43 STATE OF ALASKA COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended June 30, 2019 TABLE OF CONTENTS Fiduciary Funds 270 Pension and Other Employee Benefit Trust Funds Combining Statement of Fiduciary Net Position 272 5.01 Combining Statement of Changes in Fiduciary Net Position 274 5.02 Agency Funds Combining Statement of Fiduciary Assets and Liabilities 277 5.11 Combining Statement of Changes in Assets and Liabilities 278 5.12 Component Units Nonmajor Component Units 281 Combining Statement of Net Position 282 6.01 Combining Statement of Activities 284 6.02 Schedule STATISTICAL SECTION 287 Financial Trends Net Position by Component 291 A-1 Government-wide Expenses, Program Revenues, and Net (Expense) Revenue 292 A-2 Government-wide General Revenues and Other Changes in Net Position 294 A-3 Fund Balances, Govermental Funds 295 A-4 Changes in Fund Balances, Governmental Funds 296 A-5 Revenue Capacity Alaska Permanent Fund Investment Income 299 B-1 Oil Severance Taxes 300 B-2 Oil Royalties 302 B-3 Debt Capacity Ratios of Outstanding Debt by Type 304 C-1 Pledged-Revenue Coverage 305 C-2 Demographic and Economic Information Statistics 306 D-1 Employment by Industry 307 D-2 Operating Information Full-time Equivalent Government Employees by Function 309 E-1 Operating Indicators by Function 310 E-2 Capital Asset Statistics by Function 312 E-3 INDEX OF FUNDS 315 LEGEND OF ACRONYMS 321 This page intentionally left blank. February 26, 2020 The Honorable Michael J. Dunleavy, Governor Members of the Legislature Citizens of the State of Alaska In accordance with Alaska Statute (AS) 37.05.210, it is our pleasure to present the Comprehensive Annual Financial Report (CAFR) of the State of Alaska for the fiscal year ending June 30, 2019. This report has been prepared by the Department of Administration, Division of Finance. Responsibility for both the accuracy of the data, and the completeness and fairness of the presentation, including all disclosures, rests with the State. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and reported in a manner designed to present fairly the financial position and results of operations of the State. Statistical and demographic information are included to enable the reader to gain an understanding of the State's financial activities. INTRODUCTION Internal Controls The Department of Administration, Division of Finance, is primarily responsible for the overall operation of the State’s central accounting system. The State's system of internal controls over the accounting system has been 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 recognizes that the cost of a control should not exceed the benefits likely to be derived, and the evaluation of costs and benefits requires estimates and judgments by management. Some component units operate outside the State’s central accounting system. Those component units are responsible for establishing and maintaining their own separate internal control structures. Audits The Division of Legislative Audit is the principal auditor of the State’s reporting entity. The audit of the CAFR was conducted in accordance with generally accepted auditing standards (GAAS). The independent auditor’s report is the first item in the financial section of the CAFR and precedes the Management Discussion and Analysis (MD&A) and basic financial statements. The goal of the independent audit is to provide reasonable assurance that the financial statements of the State for the fiscal year ended i The Honorable Michael J. Dunleavy, Governor February 26, 2020 Members of the Legislature Citizens of the State of Alaska June 30, 2019, are free of material misstatement. The audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the CAFR, assessing the accounting principles used, and evaluating the overall financial statement presentation. In addition to the annual audit of the State’s CAFR, the State is required to undergo an annual single audit in conformity with the provisions of the Single Audit Act Amendments of 1996 and the U.S. Office of Management and Budget’s Uniform Grant Guidance 2 CFR Part 200. Information related to this single audit, including a schedule of expenditures of federal awards, the auditor’s reports on internal controls and compliance with applicable laws and regulations, and a schedule of findings and questioned costs will be published at a later date under separate cover by the Division of Legislative Audit. Management’s Discussion and Analysis Governmental Accounting Standards Board Statement No. 34 requires that management provide a narrative introduction, overview, and analysis of the State’s financial activities. This transmittal letter is intended to complement the MD&A and should be read in conjunction with it. The MD&A can be found immediately following the independent auditor’s report. PROFILE OF THE STATE OF ALASKA The State of Alaska was the 49th state admitted into the Union in 1959. The Alaska Constitution was adopted by the Constitutional Convention February 5, 1956, ratified by the people of Alaska April 24, 1956, and became operative with the formal proclamation of statehood January 3, 1959. There are three branches of government: legislative, executive, and judicial. The legislative power of the State is vested in a legislature consisting of a Senate with a membership of 20 and a House of Representatives with a membership of 40. The executive power of the State is vested in the governor. The judicial power of the State is vested in a supreme court, a superior court, and the courts established by the legislature.
Load more

Recommended publications
  • 2020 Candidate Positions on Corrupt Practices in the Alaska Legislature
    Center for Caucus Reform and Legislative Accountability 2020 Candidate Positions on Corrupt Practices in the Alaska Legislature /akleads /akleads akleadership.com/survey /akleads /akleads akleadership.com/survey 2020 Candidate Positions on Corrupt Practices in the Alaska Legislature LETTER FROM THE CHAIRMAN Dear Fellow Conservative, Alaska Conservative Leadership's Center for Caucus Reform and Legislative Accountability is committed to helping Alaska's legislators pursue and develop a culture of legislative accountability that preserves the public trust. Toward that end, the Center has authored and distributed to all legislative candidates our 2020 Corrupt Practices in the Alaska Legislature Candidate Survey. Surveys were sent to all candidates by electronic mail on August 4, 2020. The Center welcomed suggestions for this year's survey from our supporters and donors. The ten topics that were finally chosen for this year's candidate survey highlight several issues of concern that Alaska legislators have faced in recent years and that are likely to resurface in the future. By raising these issues now, we hope to prepare both voters and future legislators to understand and form an opinion about them before being faced with a decision on whether to maintain the status quo within the legislature or chart a new and better course. As of this writing, a number of candidates have yet to review their survey and submit their responses on these very important issues. If your candidate has not yet done so, please encourage them to complete their survey
    [Show full text]
  • April 2019 Trends
    FROM THE COMMISSIONER Public, private sectors both vital to workforce development By Dr. Tamika L. Ledbe er, Commissioner cation and training providers. We are invested in building The public and private sectors — we need both! strong partnerships state- wide, and I’m excited to cre- Inviting private industry to the discussion on how to ate a welcoming environment better train Alaskans for existing and future job op- that’s considerate of many portunities is an important part of a comprehensive perspectives. workforce development plan. For decades we have highlighted the excellent work labor unions have I’ve spent my fi rst three done to prepare workers through on-the-job training months as commissioner and apprenticeships, and we must also recognize reaching out to business and the many contributions private education and train- industry leaders, labor unions, and educators to ing providers have made in giving people the nec- listen to their concerns, off er ideas for improvement, essary skills to enter the workforce. and celebrate successes. I have been encouraged by the positive reception, pointedness of discus- Government and the private sector have a great sions, and creative suggestions. Further, I sensed opportunity in our shared responsibility to skill or a willingness to forge new partnerships and renew reskill people for fi rst jobs, better performance in commitments to work with the department. their current work, or wage progression. This col- lective approach gives workers a range of choices I will continue to demonstrate this openness to all for education and job training, and it creates more feedback, because it helps us better understand qualifi ed workers and high-paying jobs to help industry needs.
    [Show full text]
  • 32Nd Legis Gen.Election Results 11.24.20.Xlsx
    32nd Alaska State Legislature Updated: November 24, 2020 DISTRICT House Senate Democrat Republican Other Democrat Republican 1 Fairbanks: City of Fairbanks Barton LeBon A Scott Kawasaki A 2 Fairbanks: Wainwright Steve Thompson 3 Fairbanks: North Pole, Badger Mike Prax Robert Myers B B 4 Fairbanks: Farmers Loop Grier Hopkins (John Coghill) 5 Fairbanks: Chena Ridge Adam Wool C Michael Cronk Click Bishop C 6 Fairbanks: Eilson/Denali/Up Yukon (Dave Talerico) Christopher Kurka 7 Mat-Su: Greater Wasilla (Colleen Sullivan-Leonard) D David Wilson D Kevin McCabe 8 Mat-Su: Big Lake, Pt MacKenzie (Mark Neuman) 9 Mat-Su: Richardson Highway George Rauscher E Mike Shower E 10 Mat-Su: Rural Mat-Su David Eastman 11 Mat-Su: Greater Palmer Delena Johnson F Shelley Hughes F 12 Butte, Chugiak Cathy Tilton Ken McCarty 13 Ft Rich, Eagle River G (Sharon Jackson) Lora Reinbold G 14 Eagle River/Chugach St Park Kelly Merrick David Nelson 15 Anchorage: Elmendorf H (Gabrielle LeDoux) Bill Wielechowski H 16 Anchorage: College Gate Ivy Spohnholz 17 Anchorage: University Andy Josephson I Elvi Gray-Jackson I 18 Anchorage: Spenard Harriet Drummond 19 Anchorage: Mountainview Geran Tarr J Tom Begich J 20 Anchorage: Downtown Zack Fields 21 Anchorage: West Anchorage Matt Claman K Mia Costello K 22 Anchorage: Sand Lake Sara Rasmussen 23 Anchorage: Taku Chris Tuck L Natasha Von Imhof L 24 Anchorage: Oceanview Tom McKay 25 Anchorage: Abbott Calvin Schrage (N) (Mel Gillis) M Josh Revak M 26 Anchorage: Huffman Laddie Shaw 27 Anchorage: Basher Liz Snyder (Lance Pruitt) Roger Holland
    [Show full text]
  • Summary of Legislation 2020
    STATE OF ALASKA Legislative Affairs Agency THIRTY-FIRST STATE LEGISLATURE Second Session SUMMARY OF ALASKA LEGISLATION -2020- Compiled by Legal Services 2020 THIRTY-FIRST LEGISLATURE SECOND SESSION SUMMARY OF ALASKA LEGISLATION 2020 Legal Services Legislative Affairs Agency State Capitol Juneau, AK 99801 - 1182 TABLE OF CONTENTS SUBJECT INDEX TO CHAPTERS ................. ..................................................... i BILL NUMBER INDEX ... ............................ ........... ...... ........ .. ........................... xv SESSION LAWS OF ALASKA - 2020 SYNOPSES BY CHAPTER .................... .......................................... ........ 3 BILLS PARTIALLY VETOED BY GOVERNOR DUNLEAVY ................... .... 13 TABLE OF ALASKA STATUTES SECTIONS REPEALED, AMENDED, OR ADDED BY THE SESSION LAWS OF ALASKA 2020 .......................... .. .... ..... ......................... ... ...... .. .. ......... ...... 15 TABLE OF TEMPORARY OR SPECIAL LAW SECTIONS REPEALED, AMENDED, OR ADDED BY THE SESSION LAWS OF ALASKA 2020 ... ........ ... ........................................................ 33 HISTORICAL SUMMARY LEGISLATIVE SESSIONS SINCE STATEHOOD ............................... 39 NUMBER OF BILLS INTRODUCED, PASSED AND BECOMING LAW, 1959 - TO DATE ..... .................. .. ...... ..................... 43 VETO HISTORY, 1959-TO DATE ....... .. .............................................. 47 ROSTER OF MEMBERS HOUSE OF REPRESENTATIVES ... ................................ .... .................. 67 SENATE ......................................................
    [Show full text]
  • Review of 2020 Legislation February 18, 2020 Alaska Municipal League HB 64 / SB 52 – Alcohol Tax
    Review of 2020 Legislation February 18, 2020 Alaska Municipal League HB 64 / SB 52 – Alcohol Tax S.B. 62: ALCOHOL TAX: APPROP TO H.B. 64: ALCOHOL TAX: APPROP TO COMMUNITY COMMUNITY ASSIST. ASSIST. Official "An Act relating to the Official Description "An Act relating to the Description appropriation of alcoholic appropriation of alcoholic beverage excise tax proceeds beverage excise tax proceeds for for community assistance; and community assistance; and providing for an effective date." providing for an effective date." Stance Support Stance Support Source Link http://www.akleg.gov/basis/Bill Source Link http://www.akleg.gov/basis/Bill/ /Detail/31?Root=SB%20%2062 Detail/31?Root=HB%20%2064 Sponsors List None Sponsors List None Last Timeline (S) Referred To Community & Last Timeline Action (H) Referred To Health & Social Action Regional Affairs Services Date 2/18/2019 Date Introduced 2/20/2019 Introduced HB 73 / SB 69 – Charitable Gaming Fees H.B. 73: EXEMPT CHARITABLE GAMING FROM S.B. 69: EXEMPT CHARITABLE GAMING FROM PERMIT/FEES PERMIT/FEES Official "An Act establishing an exception from Official "An Act establishing an exception from Description permit and fee requirements for certain Description permit and fee requirements for certain charitable gaming activities; relating to charitable gaming activities; relating to fees for applicants for a charitable fees for applicants for a charitable gaming permit; amending the gaming permit; amending the definition definition of 'permittee'; and providing of 'permittee'; and providing for an for an effective date." effective date." Stance Support Stance Support Source Link http://www.akleg.gov/basis/Bill/Detail/ Source Link http://www.akleg.gov/basis/Bill/Detail/ 31?Root=HB%20%2073 31?Root=SB%20%2069 Sponsors List None Sponsors List None Last Timeline (H) Referred To Community & Regional Last Timeline (S) Minutes (Sl&C;) Action Affairs Action Date 2/25/2019 Date 2/22/2019 Introduced Introduced H.B.
    [Show full text]
  • 2018 Speakers
    2018 ANNUAL MEETING NAVIGATING THE SOUTHEAST ECONOMY SOUTHEAST CONFERENCE SPEAKERS KETCHIKAN, ALASKA YEAR 60 Southeast Conference Speakers 2018 Annual Meeting Welcome Mayor Jan Hill: Haines Mayor and Southeast Conference President Lifelong Southeast Alaska resident, three-term mayor of Haines, and president of Southeast Conference for her second time. Lew Williams III: Mayor, City of Ketchikan Lew Williams III is a long-time resident of Ketchikan. He and his wife, Vicki, have raised three daughters, and he enjoys spending time with his grandsons. Lew is co-owner of the Ketchikan Daily News. He was first elected to the City Council in 1987, and has served in that capacity for over 18 years. He was appointed mayor in May of 2009 when the former mayor resigned, and was subsequently elected to a three-year term as mayor during the October elections of 2012 and 2015. David Landis: Mayor, Ketchikan Gateway Borough David Landis was elected Mayor of the Ketchikan Gateway Borough in Ketchikan Alaska in October 2014. Mayor Landis is employed as the General Manager of Southern Southeast Aquaculture Association, which operates 5 salmon hatcheries in the Ketchikan, Wrangell and Petersburg region. Mayor Landis has also worked for both Cape Fox Corporation and Ketchikan Indian Community, working his way up to the executive management and leadership positions. Running fishing boats and construction crews have also been a part of David’s employment history. David holds a Master’s degree in Management from New England College in Henniker, New Hampshire and a Bachelor’s degree in Geosciences at Oregon State University. David proudly graduated from his hometown school, “Kayhi", 1982.
    [Show full text]
  • House Reps Talk Alaska Tourism
    Sourdough Stampede NCL to resume trips in Greece, • Ken Teune Memorial race Caribbean, results in, See page 6 Page 10 42 º/32º Weather, page 3 Ketchikan Daily News - 04/07/2021 $K1.00 ETCHIKAN WEDNESDAY, APRIL 7, 2021 T WDITTER.COAM/KDNI NEWLS Y N WWW.KEETCHIWKANDAILYNSEWS.COM 12 PAGES House reps talk Vessel Voyeurs Alaska tourism KVB’s Mackey shares stats informing effect of pandemic on local industry By DANELLE KELLY Daily News Staff Writer An overview of Alaska tourism in 2021 was given by travel association rep - resentatives in a virtually held Alaska Legislature Arctic Policy, Economic De - velopment and Tourism Committee meeting Thursday. Ketchikan Visitors Bureau President and CEO Patti Mackey gave a presenta - tion at the meeting, as did tourism industry representatives from Visit Anchor - age, Explore Fairbanks and the Alaska Travel Industry Association. The committee chair, Rep. Grier Hopkins, D-Fairbanks, led the meeting. Also present were Reps. Harriet Drummond, D-Anchorage; Sara Hannan, D-Juneau; Liz Snyder, D-Anchorage; and Tom McKay, R-Anchorage. Alaska Travel Industry Association President and CEO Sarah Leonard began the session by outlining the topics to be covered: the effects that the COVID-19 See ‘House committee-tourism,’ page 5 SB set to meet in executive session ‘Legal matter’ to be discussed privately By SAM STOCKBRIDGE announcement states. Daily News Staff Writer The district's announcement does Drivers use the pullout at the Murphy's Landing Seaplane Base to view the heavy lift vessel Red Zed I while it anchors in the Tongass The Ketchikan School Board will not provide any additional informa - Narrows on Saturday.
    [Show full text]
  • Agenda Packet
    CITY COUNCIL REGULAR MEETING Thursday, December 03, 2020 at 7:00 PM AGENDA In compliance with the Americans with Disabilities Act, individuals needing special accommodations / during this meeting should notify the City of Dillingham at 907-842-5212 at least three working days before the meeting. VIRTUAL MEETING INFORMATION This meeting will be held at the following online location: https://zoom.us/j/81984901677 Passcode:829501; or call 253.215.8782, or 346.248.7799 CALL TO ORDER ROLL CALL APPROVAL OF MINUTES 1. Regular Council Meeting Minutes, November 5, 2020 APPROVAL OF CONSENT AGENDA APPROVAL OF AGENDA STAFF REPORTS 2. November Staff Reports 3. Standing Committee Reports PUBLIC HEARINGS 4. Ordinance 2020-23; An Ordinance of the Dillingham City Council Amending the Effective Date of Ordinance 2020-02 CITIZEN’S DISCUSSION (Prior Notice or Agenda Items) 5. Tiera Schroeder, Homelessness in Dillingham ORDINANCES AND RESOLUTIONS 6. Adopt Ordinance 2020-23; An Ordinance of the Dillingham City Council amending the effective date of Ordinance 2020-02 7. Adopt Resolution 2020-26; A resolution of the Dillingham city council supporting Resolution No. 2020-1 from the Alaska association of harbormasters and port administrators in support of full funding ($14,049.988) for the state of Alaska municipal harbor facility grant program in the FY 2022 state capital budget UNFINISHED BUSINESS Page 1 Dillingham AK City Council Regular Meeting December 03, 2020 Citizen Committee Appointments 8. Library Advisory Board Letter of Interest 9. Port Advisory Committee Letter of Interest 10. Friends of the Landfill Letter of Resignation Progress Report: Dave Carlson House Property Territorial School NEW BUSINESS 11.
    [Show full text]
  • OFFICIAL ELECTION PAMPHLET State of Alaska
    OFFICIAL ELECTION PAMPHLET State of Alaska The Division of Elections celebrates the history of strong women of Alaska and women’s suffrage! Region II — Municipality of PAGEAnchorage, 1 Matanuska-Susitna Borough 2020 REGION II VOTE November 3, 2020 Table of Contents General Election Day is Tuesday, November 3, 2020 Alaska’s Ballot Counting System .......................................................................................... 5 Voting Information................................................................................................................. 6 Voter Assistance and Concerns............................................................................................ 7 Language Assistance ........................................................................................................... 8 Absentee Voting ................................................................................................................... 9 Absentee Ballot Application ................................................................................................ 10 Absentee Ballot Application Instructions..............................................................................11 Absentee Voting Locations ................................................................................................. 12 Polling Places ..................................................................................................................... 13 Candidates for Elected Office ............................................................................................
    [Show full text]
  • Comprehensive Annual Financial Report
    State of Alaska Comprehensive Annual Financial Report For the Fiscal Year July 1, 2019 - June 30, 2020 Prepared by: Department of Administration Division of Finance The FY 20 CAFR is expected to be available on or after February 26, 2021 on our Internet web site at http://doa.alaska.gov/dof/reports/cafr.html. This publication was released by the Department of Administration, Division of Finance to report on the State’s financial status. This publication is required by AS 37.05.210 This page intentionally left blank. STATE OF ALASKA COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended June 30, 2020 TABLE OF CONTENTS Page Statement INTRODUCTORY SECTION Letter of Transmittal i Exhibits viii Organizational Chart xii Functions of State Departments xiii Alaska State Legislature xvi FINANCIAL SECTION 1 INDEPENDENT AUDITOR'S REPORT 3 MANAGEMENT'S DISCUSSION AND ANALYSIS 7 BASIC FINANCIAL STATEMENTS: 17 Government-wide Financial Statements 19 Statement of Net Position 20 1.01 Statement of Activities 22 1.02 Fund Financial Statements Governmental Funds 25 Balance Sheet 26 1.11 Reconciliation of the Balance Sheet to the Statement of Net Position 27 1.12 Statement of Revenues, Expenditures, and Changes in Fund Balances 28 1.13 Reconciliation of the Change in Fund Balances to the Statement of Activities 29 1.14 Proprietary Funds 31 Statement of Net Position 32 1.21 Statement of Revenues, Expenses, and Changes in Fund Net Position 35 1.22 Statement of Cash Flows 36 1.23 Fiduciary Funds 39 Statement of Fiduciary Net Position 40 1.31 Statement
    [Show full text]
  • June 21, 2021 the Honorable Chuck Schumer Majority Leader United
    June 21, 2021 The Honorable Chuck Schumer The Honorable Nancy Pelosi Majority Leader Speaker United States Senate United States House of Representatives Washington, DC 20510 Washington, DC 20515 The Honorable Mitch McConnell The Honorable Kevin McCarthy Minority Leader Minority Leader United States Senate United States House of Representatives Washington, DC 20510 Washington, DC 20515 Dear Majority Leader Schumer, Madam Speaker Pelosi, Minority Leader McConnell, and Minority Leader McCarthy, As state legislators, we are the day-to-day technicians in fifty unique laboratories of democracy. We do our part to make government work to the benefit of all, regardless of party. This was true during the COVID-19 pandemic in 2020, when almost every state did its patriotic duty to provide voters relief and remove barriers to voting. This expansion of safe, secure voting led to an election with historic turnout. The scope of these state-level attacks is unparalleled. Close to 400 anti-voter bills have been introduced in legislatures across the nation, with many signed or on the way to becoming law in Texas, Florida, Georgia, and Arizona, and others. Make no mistake: these unpatriotic attacks on our elections will undermine confidence that elections in America can possibly represent the will of a checked and balanced majority. They present a deep threat to our democracy and will lead to material harm to communities that have long been under-represented. In a functioning democracy that fairly represents the voices of all people, elected officials should work together to expand the right to vote and protect the sanctity of elections. Indeed, we have attempted again and again to work with our Republican colleagues to set policies that safely and securely expanded voting access—but they simply refuse to act in good faith.
    [Show full text]
  • Alaska Police Standards Council
    Alaska Police Standards Council Alaska Department of Public Safety P. O. Box 111200 Juneau, Alaska 99811-1200 Main: 907.465.4378 Fax: 907.465.3263 Alaska Police Standards Council Special Meeting Agenda May 6, 2021 12:00 P.M. Statewide Teleconference* SPECIAL MEETING AGENDA 1. Call to Order & Roll Call 2. Audience Introductions – please announce yourself if you have called in. 3. Approval of Agenda 4. Approval of past minutes – March 30, 2020 5. Special Business: a. Council Deliberation on Regulation Change Project Number 2020200735 6. Council Comments & Announcements. 7. Adjournment *Online and/or call-in information: Contact APSC: [email protected] RECORD OF PUBLIC COMMENTS RECEIVED DEALING WITH PROPOSED CHANGES IN TITLE 13, PART 6, CHAPTER 85, OF THE ALASKA ADMINISTRATIVE CODE, RELATING TO MINIMUM STANDARDS FOR POLICE, PROBATION, PAROLE, CORRECTIONAL AND MUNICIPAL CORRECTIONAL OFFICERS Project Number 2020200735 Ref. Proposed Written Agency Decision After # Regulation Comments Summary of Comment Staff comments and recommendations Review 13 AAC Received From 1 General Melissa Slow down, the regulations appear to be a rushed response to an APSC is subject in all proceedings to the Alaska Administrative Comments Lampert, unwarranted call to protect the citizens of Alaska from police brutality. Procedures Act which dictates due process in and appeal of all Samuel Sullivan, Please consider slowing down this process. agency decisions. Angelina Fraize, The proposed regulations are broad, not well articulated, lacking The council, through investigation and factfinding hearings, Brian Fuchs, definitions, and make AK liable for due process violations. can identify and rule out unfair treatment by employers or Brian Burton, These proposed changes provide no due process for officers who may be peers.
    [Show full text]