Year Ended June 30, 2015

COUNTY OF PRINCE GEORGE, VIRGINIA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED JUNE 30, 201 COUNTY OF PRINCE GEORGE,VIRGINIA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED JUNE 30, 2015 Prepared By: Prince George County Finance Department i COUNTY OF PRINCE GEORGE, VIRGINIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2015 TABLE OF CONTENTS Page INTRODUCTORY SECTION Title Page i Table of Contents iii-vi Principal Officials vii Organizational Chart ix Certificate of Achievement xi Letter of Transmittal xiii-xvi FINANCIAL SECTION Independent Auditors’ Report 1-3 Management’s Discussion and Analysis 5-12 Basic Financial Statements Government-wide Financial Statements: Exhibit 1 Statement of Net Position 17 Exhibit 2 Statement of Activities 18-19 Fund Financial Statements: Exhibit 3 Balance Sheet–Governmental Funds 23 Exhibit 4 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position 24 Exhibit 5 Statement of Revenues, Expenditures and Changes in Fund Balances–Governmental Funds 25 Exhibit 6 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 26 Exhibit 7 Statement of Net Position–Proprietary Funds 27 Exhibit 8 Statement of Revenues, Expenses and Changes in Net Position–Proprietary Funds 28 iii COUNTY OF PRINCE GEORGE, VIRGINIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2015 TABLE OF CONTENTS (CONTINUED) Page FINANCIAL SECTION:(CONTINUED) Basic Financial Statements: (Continued) Fund Financial Statements: (Continued) Exhibit 9 Statement of Cash Flows–Proprietary Funds 29 Exhibit 10 Statement of Net Position–Fiduciary Funds 30 Exhibit 11 Statement of Changes in Fiduciary Net Position–Pension Trust Fund 31 Notes to Financial Statements 33-88 Required Supplementary Information: Exhibit 12 Schedule of Revenues, Expenditures and Changes in Fund Balances–Budget and Actual–General Fund 91-94 Exhibit 13 Schedule of Components of Changes in Net Pension Liability and Related Ratios–Primary Government 95 Exhibit 14 Schedule of Components of and Changes in Net Pension Liability and Related Ratios–Component Unit School Board (nonprofessional) 96 Exhibit 15 Schedule of Employer’s Share of Net Pension Liability VRS Teacher Retirement Plan 97 Exhibit 16 Schedule of Employer Contributions 98 Exhibit 17 Notes to Required Supplementary Information 99 Exhibit 18 Schedule of OPEB Funding Progress 100 Exhibit 19 Schedule of Changes in Net Pension Liability and Related Ratios–Pension Trust Fund 101 Exhibit 20 Schedule of Employer Contributions (GASB 67) 102 iv COUNTY OF PRINCE GEORGE, VIRGINIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2015 TABLE OF CONTENTS (CONTINUED) Page FINANCIAL SECTION:(CONTINUED) Other Supplementary Information: Exhibit 21 Schedule of Revenues, Expenditures and Changes in Fund Balances–Budget and Actual–County Capital Projects Fund 104 Exhibit 22 Schedule of Revenues, Expenditures and Changes in Fund Balances–Budget and Actual–County Debt Service Fund 105 Exhibit 23 Combining Balance Sheet—Nonmajor Governmental Funds 106 Exhibit 24 Combining Statement of Revenues, Expenditures and Changes in Fund Balances—Nonmajor Governmental Funds 107 Exhibit 25 Schedule of Revenues, Expenditures, and Changes in Fund Balances-Budget and Actual—Nonmajor Governmental Funds 108-109 Exhibit 26 Combining Balance Sheet—Agency Funds 110 Exhibit 27 Statement of Changes in Assets and Liabilities–Agency Funds 111 Discretely Presented Component Unit—School Board: Exhibit 28 Combining Balance Sheet 115 Exhibit 29 Combining Statement of Revenues, Expenditures and Changes in Fund Balances—Governmental Funds 116 Exhibit 30 Schedule of Revenues, Expenditures and Changes in Fund Balances—Budget and Actual—School Operating Fund 117 Exhibit 31 Schedule of Revenues, Expenditures and Changes in Fund Balances—Budget and Actual—Nonmajor Special Revenue Funds 118-119 STATISTICAL SECTION: Statistical Tables: Table 1 Net Position by Component 122-123 Table 2 Changes in Net Position 124-125 Table 3 Fund Balance Governmental Funds 126-127 v COUNTY OF PRINCE GEORGE, VIRGINIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2015 TABLE OF CONTENTS (CONTINUED) Page STATISTICAL SECTION:(CONTINUED) Statistical Tables: (Continued) Table 4 Changes in Fund Balances—Governmental Funds 128-129 Table 5 General Governmental Tax Revenues by Source 130-131 Table 6 Assessed Value and Actual Value of Taxable Property and Tax Rates 132-133 Table 7 Principal Property Taxpayers 134 Table 8 Property Tax Levies and Collections 135 Table 9 Ratios of Outstanding Debt by Type 136 Table 10 Ratios of General Bonded Debt by Type 137 Table 11 Computation of Legal Debt Margin 138-139 Table 12 Demographic and Economic Statistics 140 Table 13 Principal Employers 141 Table 14 County Government Employees 142 Table 15 Operating Indicators by Function/Program 143 Table 16 Capital Asset Statistics 144 COMPLIANCE SECTION: Independent Auditors’ Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 145-146 Independent Auditors’ Report on Compliance For Each Major Program and on Internal Control over Compliance Required by OMB Circular A-133 147-148 Schedule of Expenditures of Federal Awards 149-150 Notes to Schedule of Expenditures of Federal Awards 151 Schedule of Findings and Questioned Costs 152 vi COUNTY OF PRINCE GEORGE,VIRGINIA PRINCIPAL OFFICIALS ON JUNE 30, 2015 Board of Supervisors William A. Robertson, Jr., Chairperson Jerry J. Skalsky, Vice-Chairperson Alan R. Carmichael Melvin C. Jones, Sr. William F. Gandel County School Board Roger Franklin, Jr., Chairperson, Robert E. Cox, Jr., Vice-Chairperson Jerry F. Warren Lewis E. Stevenson Kevin S. Foster Other Officials Chief Judge of the Circuit Court ............................................................................W. Allan Sharrett Judge of the Circuit Court .........................................................................................Nathan C. Lee Clerk of the Circuit Court ................................................................................... C. Bishop Knott, Jr. Chief Judge of the General District Court ...........................................................Stephen D. Bloom Judge of the General District Court ........................................................................... C. Ridley Bain Judge of the General District Court ...........................................................................Bruce A. Clark Judge of the General District Court ......................................................................H. Lee Townsend Chief Judge of the Juvenile and Domestic Relations Court ...................... Carson E. Saunders, Jr. Judge of the Juvenile and Domestic Relations Court .................................... Jacqueline Waymack Clerk of the Combined Court .............................................................................. Denise Covington Commonwealth’s Attorney ............................................................................................ Jay C. Paul Commissioner of the Revenue ......................................................................... Darlene M. Rowsey Treasurer ................................................................................................................. Jean N. Barker Sheriff .......................................................................................................................... H.E. Allin, III County Administrator ........................................................................................... Percy C. Ashcraft Superintendent of Schools (Acting) ........................................................................ Renee Williams Director of Social Services ............................................................................ Shel Bolyard-Douglas vii This Page Intentionally Left Blank PRINCE GEORGE COUNTY, VA County Citizens Treasurer Clerk of Commissioner Board of Commonwealth’s Sheriff Circuit Court of the Revenue Supervisors Attorney County Attorney County Victim Administrator Witness Deputy County Administrator Executive Assistant Deputy Clerk Community Economic ix Development & Development Code Compliance Tourism Building Official Planning & Zoning Community Engineer Finance Fire, EMS, General Human Information Parks and Police Real Estate Social Corrections Emergency Services Resources Systems Recreation Assessor Services Management Utilities GIS Animal Control Bldgs. & Grounds Emergency Adult Cooperative Voter Communications Fleet Mgt. Education Extension Registrar Service This Page Intentionally Left Blank COUNTY OF PRINCE GEORGE, VIRGINIA Percy C. Ashcraft BOARD OF SUPERVISORS County Administrator William A. Robertson, Jr. Jerry J. Skalsky William F. Gandel Henry D. Parker, Jr. Alan R. Carmichael December 28, 2015 The Honorable Members of the Board of Supervisors County of Prince George, Virginia Members of the Board: We are pleased to submit to you the Comprehensive Annual Financial Report (CAFR) of Prince George County (the "County") for the fiscal year ended June 30, 2015. This report was prepared by the County's Department of Finance. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the County. We believe

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