2019 Comprehensive Annual Financial Report KANSAS Fiscal Year Ended December 31, 2019
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2019 Comprehensive Annual Financial Report KANSAS Fiscal Year Ended December 31, 2019 CELEBRATING THE NEW ADVANCED LEARNING LIBRARY City of Wichita, Kansas Incorporated 1870 City of 1st Class 1886 Council-Manager Form of Government Adopted 1917 Comprehensive Annual Financial Report For the Year Ended December 31, 2019 CITY COUNCIL Brandon Whipple, Mayor Cindy Claycomb, Vice Mayor (VI) Brandon Johnson, Council Member (I) Becky Tuttle, Council Member (II) James Clendenin, Council Member (III) Jeff Blubaugh, Council Member (IV) Bryan Frye, Council Member (V) City Manager Robert Layton, City Manager Department of Finance Shawn Henning, Director of Finance Prepared by the Controller's Office Department of Finance This page intentionally left blank. CITY OF WICHITA, KANSAS COMPREHENSIVE ANNUAL FINANCIAL REPORT For the year ended December 31, 2019 TABLE OF CONTENTS Page INTRODUCTORY SECTION Letter of Transmittal……………………………………………....……………………………………………………………………………… i Certificate of Achievement……………………………………………....……………………………………………………………………… xii Organization Chart……………………………………………....……………………………………………………………………………… xiii Principal Officials………………………………………………………………...………………………….…………………………………… xiv FINANCIAL SECTION Independent Auditor's Report……………………………………………....………………………………………………………………… A-1 Management Discussion and Analysis……………………………………………....……………………………………………………… A-3 Basic Financial Statements Government-wide Financial Statements: Statement of Net Position………………………………………………………………...………………………….…………………… A-15 Statement of Activities………………………………………………………………...………………………….………………………… A-16 Fund Financial Statements: Balance Sheet - Governmental Funds………………………………………………………………...………………………….……… A-18 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position…………………………………… A-20 Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds……………………………………A-22 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of the Governmental Funds to the Statement of Activities………………………………………………………………...………………… A-24 Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - Budgetary Basis - General Fund………………………………………………………………...………………………….…………………………………A-25 Statement of Net Position - Proprietary Funds………………………………………………………………...………………………… A-26 Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds……………………………………………… A-30 Statement of Cash Flows - Proprietary Funds………………………………………………………………...………………………… A-32 Statement of Fiduciary Net Position - Fiduciary Funds………………………………………………………………...……………… A-36 Statement of Changes in Fiduciary Net Position - Fiduciary Funds………………………………………………………………...… A-37 Notes to the Financial Statements………………………………………………………………...………………………….……………… A-38 Required Supplementary Information Schedule of Changes in the Employer's Net Pension Liability and Related Ratios: Wichita Employees' Retirement System………………………………………………………………...………………………….…… A-96 Police and Fire Retirement System………………………………………………………………...………………………….………… A-98 Schedule of Employer Contributions: Wichita Employees' Retirement System………………………………………………………………...………………………….…… A-100 Police and Fire Retirement System………………………………………………………………...………………………….………… A-102 Schedule of Changes in Total OPEB Liability and Related Ratios - Other Post Employment Benefits……………………………… A-104 Combining and Individual Fund Financial Statements and Schedules Governmental Funds: Combining Balance Sheet: Nonmajor Governmental Fund Types………………………………………………………………...………………………….……… B-1 Nonmajor Special Revenue Funds………………………………………………………………...………………………….…………… B-2 Nonmajor Capital Projects Funds………………………………………………………………...………………………….…………… B-6 General Fund………………………………………………………………...………………………….…………………………………… B-8 Debt Service Fund………………………………………………………………...………………………….…………………………… B-9 Combining Statement of Revenues, Expenditures and Changes in Fund Balances: Nonmajor Governmental Fund Types………………………………………………………………...………………………….……… B-11 Nonmajor Special Revenue Funds………………………………………………………………...………………………….…………… B-12 Nonmajor Capital Projects Funds………………………………………………………………...………………………….…………… B-16 CITY OF WICHITA, KANSAS COMPREHENSIVE ANNUAL FINANCIAL REPORT For the year ended December 31, 2019 TABLE OF CONTENTS (CONTINUED) Page FINANCIAL SECTION (CONTINUED) Combining and Individual Fund Financial Statements and Schedules (Continued) Governmental Funds (Continued): Combining Statement of Revenues, Expenditures and Changes in Fund Balances: General Fund………………………………………………………………...………………………….…………………………………… B-18 Debt Service Fund………………………………………………………………...………………………….…………………………… B-19 Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - Budgetary Basis: General Fund………………………………………………………………...………………………….…………………………………… B-20 General Fund - Economic Development Subfund………………………………………………………………...…………………… B-24 Homelessness Assistance Fund………………………………………………………………...………………………….……………… B-25 Tourism and Convention Promotion Fund………………………………………………………………...………………………….… B-26 Special Alcohol Program Fund………………………………………………………………...………………………….……………… B-27 Special Parks and Recreation Fund………………………………………………………………...………………………….………… B-28 Landfill Fund………………………………………………………………...………………………….…………………………………… B-29 Landfill Post-Closure Fund………………………………………………………………...………………………….…………………… B-30 Metropolitian Area Building and Construction Department Fund………………………………………………………………...…… B-31 Downtown Parking Fund………………………………………………………………...………………………….……………………… B-32 Gilbert and Mosley TIF District Fund………………………………………………………………...………………………….………… B-33 North Industrial Corridor TIF District Fund………………………………………………………………...………………………….… B-34 Self-Supported Municipal Improvement District Fund………………………………………………………………...………………… B-35 City/County Flood Control Fund………………………………………………………………...………………………….……………… B-36 City/County Metropolitan Area Planning Department Fund………………………………………………………………...………… B-37 Municipal Court Restricted Fund………………………………………………………………...………………………….…………… B-38 Sales Tax Construction Pledge Fund………………………………………………………………...………………………….……… B-39 Debt Service Fund………………………………………………………………...………………………….…………………………… B-40 Debt Service Fund - East Bank TIF District Subfund………………………………………………………………...………………… B-41 Debt Service Fund - Union Station TIF District Subfund………………………………………………………………...……………… B-42 Debt Service Fund - Old Town Cinema TIF District Subfund………………………………………………………………...………… B-43 Debt Service Fund - Northeast Redevelopment TIF District Subfund……………………………………………………………….. B-44 Debt Service Fund - Center City TIF District Subfund………………………………………………………………...………………… B-45 Debt Service Fund - Ken Mar TIF District Subfund………………………………………………………………...…………………… B-46 Debt Service Fund - Douglas and Hillside TIF District Subfund………………………………………………………………...……… B-47 Debt Service Fund - Southfork TIF District Subfund………………………………………………………………...………………… B-48 Cemetery Fund………………………………………………………………...………………………….………………………………… B-49 Enterprise Funds: Combining Statement of Net Position - Nonmajor Enterprise Funds………………………………………………………………...…… C-1 Combining Statement of Revenues, Expenses and Changes in Net Position - Nonmajor Enterprise Funds……………………… C-2 Combining Statement of Cash Flows - Nonmajor Enterprise Funds………………………………………………………………...…… C-3 Schedule of Revenues, Expenditures and Changes in Unencumbered Cash - Budget and Actual - Budgetary Basis: Water Utility Fund………………………………………………………………...………………………….…………………………… C-4 Sewer Utility Fund………………………………………………………………...………………………….…………………………… C-5 Stormwater Utility Fund………………………………………………………………...………………………….…………………… C-6 Internal Service Funds: Combining Statement of Net Position………………………………………………………………...………………………….………… D-1 Combining Statement of Revenues, Expenses and Changes in Net Position…………………………………………………………… D-2 Combining Statement of Cash Flows………………………………………………………………...………………………….…………… D-3 Combining Schedule of Net Position - Self Insurance Fund………………………………………………………………...…………… D-4 Combining Schedule of Revenues, Expenses and Changes in Net Position - Self Insurance Fund………………………………… D-5 Schedule of Revenues, Expenditures and Changes in Unencumbered Cash - Budget and Actual - Budgetary Basis: Information Technology Fund………………………………………………………………...………………………….……………… D-6 Fleet Fund………………………………………………………………...………………………….…………………………………… D-7 Self Insurance Fund………………………………………………………………...………………………….………………………… D-8 CITY OF WICHITA, KANSAS COMPREHENSIVE ANNUAL FINANCIAL REPORT For the year ended December 31, 2019 TABLE OF CONTENTS (CONTINUED) Page FINANCIAL SECTION (CONTINUED) Combining and Individual Fund Financial Statements and Schedules (Continued) Fiduciary Funds: Combining Statement of Fiduciary Net Position - Pension Trust Funds………………………………………………………………... E-1 Combining Statement of Changes in Fiduciary Net Position - Pension Trust Funds…………………………………………………… E-2 Additional Information Combined Schedule of Changes in Bonds Payable………………………………………………………………...……………………… F-1 Reconciliation of Bonds Payable………………………………………………………………...………………………….……………… F-1 Summary of Debt Service Charges to Maturity: General Obligation Bonds Payable from Governmental Fund Revenues…………………………………………………………… F-2 General Obligation Bonds Payable from Proprietary Fund Revenues………………………………………………………………. F-3 Revenue Bonds Payable from Proprietary Fund Revenues………………………………………………………………...………… F-4 Revenue Bonds Payable from Governmental Fund Revenues………………………………………………………………...……… F-5 Statement of