FY19 Comprehensive Annual Financial Report

2019 Prepared by the City of Fayetteville Finance Department Brenda J. Powell, CLGFO Jody Picarella, MBA Financial Reporting Manager Accounting Manager Ray Oxendine, CPA, MBA Kim Toon, CLGPO Treasurer Purchasing Manager Ashley Gilmore, LaShanda McLean, Brittany McLaurin & Traci Carraway Financial Analysts Pamela Stokes - Payroll & Liabilities Manager Linda Daquil - Collections Division Supervisor Christine Pressley - Accounts Payable Supervisor Jahlesha Gilbert - Accountant Sh’Tavion Inoa & Donna Haire - Buyers Karen Estep - Risk Coordinator Jodi Bates & Samaria Alston - Payroll Technicians Shirley Hyman, Patricia Best, Andrea Applewhite, Kristin King - Accounting Technicians Jennifer Tackema - Administrative Assistant Jay C. Toland, CMA - Chief Financial Officer With Special Thanks Telly C. Whitfield, Ph.D., Assistant City Manager Tracey Broyles, Director of Budget and Evaluation Elizabeth Somerindyke, Director of Internal Audit City of Fayetteville, North Carolina (This page left intentionally blank) City of Fayetteville, North Carolina TABLE OF CONTENTS Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2019 INTRODUCTORY SECTION (UNAUDITED) Page Letter of Transmittal ....................................................................................................................... A-1 GFOA Certificate of Achievement .................................................................................................. A-9 List of Principal Officials ............................................................................................................... A-11 Organization Chart ....................................................................................................................... A-13 FINANCIAL SECTION Report of Independent Auditor ....................................................................................................... B-1 Management’s Discussion and Analysis (Unaudited) .................................................................... C-1 Basic Financial Statements Government-wide Financial Statements Statement of Net Position ....................................................................................................... D-1 Statement of Activities ............................................................................................................. D-2 Fund Financial Statements Balance Sheet – Governmental Funds ..................................................................................... E-1 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ...................................................................................................... E-2 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds ............................................................................................................. E-3 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities ............................... E-4 Statement of Revenues, Expenditures and Changes in Fund Balance – General Fund and Annually Budgeted Major Special Revenue Fund – Budget and Actual ................................................................................................................ E-5 Statement of Net Position – Proprietary Funds ......................................................................... E-6 Statement of Revenues, Expenses and Changes in Fund Net Position – Proprietary Funds .................................................................................................................. E-7 Statement of Cash Flows – Proprietary Funds ......................................................................... E-8 Statement of Fiduciary Net Position – Fiduciary Funds .......................................................... E-10 Statement of Changes in Fiduciary Net Position – Fiduciary Funds ....................................... E-11 Notes to Financial Statements ............................................................................................... F-1 Required Supplementary Information Law Enforcement Officers’ Special Separation Allowance – Schedule of Changes in Total Pension Liability .......................................................................................... G-1 Law Enforcement Officers’ Special Separation Allowance – Schedule of Total Pension Liability as a Percentage of Covered Payroll ..................................................... G-2 Proportionate Share of Net Pension Liability (Asset) – Local Government Employees’ Retirement System .................................................................................................................. G-3 City of Fayetteville’s Contributions – Local Government Employees’ Retirement System .................................................................................................................. G-4 Other Post Employment Benefit Retiree Healthcare Plan – Schedule of Changes in the Total OPEB Liability and Related Ratios......................................................... G-5 i City of Fayetteville, North Carolina TABLE OF CONTENTS Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2019 FINANCIAL SECTION (continued) Supplementary Information - Combining and Individual Fund Financial Statements and Schedules Governmental Funds - Major Comparative Balance Sheets - General Fund ......................................................................... H-1 Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - General Fund ...................................................................... H-2 Comparative Balance Sheets – PWC Assessment Fund ......................................................... H-7 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – PWC Assessment Fund ……………………………………… H-8 Comparative Balance Sheets – Economic and Physical Development Fund ........................... H-9 Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual - Economic and Physical Development Fund ........................................ H-10 Governmental Funds - Nonmajor Combining Balance Sheet – Nonmajor Governmental Funds .................................................... I-1 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds .............................................................. I-2 Special Revenue Funds Combining Balance Sheet – Nonmajor Special Revenue Funds .............................................. J-1 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Special Revenue Funds ......................................................... J-2 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual – Emergency Telephone System Fund .................................... J-3 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - Federal and State Financial Assistance Fund ....................... J-4 Schedule of Expenditures By Project - Budget and Actual - Federal and State Financial Assistance Fund ....................................................................... J-5 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Linear Park Fund .................................................................................. J-6 Capital Project Funds Combining Balance Sheet – Nonmajor Capital Project Funds .................................................. K-1 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Capital Project Funds ............................................................ K-2 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual – General Government Fund ................................................................... K-3 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual - Public Safety Fund ................................................................................ K-4 Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - Transportation Fund .............................................................................. K-5 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Recreational and Cultural Fund ............................................................ K-6 ii City of Fayetteville, North Carolina TABLE OF CONTENTS Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2019 FINANCIAL SECTION (continued) Supplementary Information - Combining and Individual Fund Financial Statements and Schedules (continued) Capital Project Funds (continued) Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - Recreational and Cultural Bond Fund ................................................... K-7 Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - Environmental Protection Fund .............................................................. K-8 Proprietary Funds Enterprise Funds Schedule of Revenues and Expenditures – Budget and Actual (Non-GAAP) – Storm Water Management Fund ................................................................. L-1 Schedule of Changes in the Status of Storm Water Management Capital Project Fund ..........................................................................................................

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