Comprehensive Annual Financial Report
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Compr STARK COUNTY GOVERNMENT http://www.co.stark.oh.us ehensive Annual Financial Repor t for the year ended December 31, 2003 Stark County, Ohio Comprehensive Annual Financial Report For the Year Ended December 31, 2003 Brant Luther Stark County Auditor Prepared by The Stark County Auditor’s Office STARK COUNTY, OHIO Comprehensive Annual Financial Report For the Year Ended December 31, 2003 Table of Contents I. INTRODUCTORY SECTION Page Title Page............................................................................................................................................................. i Table of Contents ............................................................................................................................................... ii Transmittal Letter ............................................................................................................................................... v List of Elected Officials................................................................................................................................... xiv Organizational Chart ........................................................................................................................................ xv GFOA Certificate of Achievement.................................................................................................................. xvi II. FINANCIAL SECTION Independent Accountants’ Report ...................................................................................................................... 1 Management’s Discussion and Analysis ............................................................................................................ 3 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Assets ....................................................................................................................... 15 Statement of Activities......................................................................................................................... 16 Fund Financial Statements: Balance Sheet – Governmental Funds ................................................................................................. 18 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds ............................................................................................. 20 Statement of Revenues, Expenditures and Changes in Fund Balances – Budget (Non-GAAP Basis) and Actual General Fund ................................................................................................................................. 22 Mental Retardation and Developmental Disabilities Fund ............................................................ 23 Mental Health Fund ....................................................................................................................... 24 Children’s Services Fund............................................................................................................... 25 Public Assistance Fund.................................................................................................................. 26 Statement of Fund Net Assets – Proprietary Funds ............................................................................. 27 Statement of Revenues, Expenses, and Changes in Fund Net Assets – Proprietary Funds.................. 28 Statement of Cash Flows – Proprietary Funds ..................................................................................... 29 Statement of Fiduciary Net Assets – Fiduciary Funds ......................................................................... 31 Statement of Changes in Fiduciary Net Assets – Fiduciary Funds....................................................... 32 Statement of Financial Position – The Workshops, Inc ....................................................................... 33 ii STARK COUNTY, OHIO Comprehensive Annual Financial Report For the Year Ended December 31, 2003 Table of Contents Statement of Activities – The Workshops, Inc..................................................................................... 34 Statement of Cash Flows – The Workshops, Inc ................................................................................. 35 Notes to the Basic Financial Statements .............................................................................................. 36 Combining Statements and Individual Fund Schedules: Combining Statements – Nonmajor Governmental Funds: Fund Descriptions ................................................................................................................................ 74 Combining Balance Sheet – Nonmajor Governmental Funds.............................................................. 77 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds ............................................................................ 86 Combining Statements – Nonmajor Enterprise Funds: Fund Descriptions ................................................................................................................................ 96 Combining Statement of Net Assets – Nonmajor Enterprise Funds .................................................... 97 Combining Statement of Revenues, Expenditures and Changes in Fund Net Assets – Nonmajor Enterprise Funds................................................................................ 98 Combining Statement of Cash Flows – Nonmajor Enterprise Funds................................................... 99 Combining Statements – Internal Service Funds: Fund Descriptions .............................................................................................................................. 100 Combining Statement of Net Assets – Internal Service Funds........................................................... 101 Combining Statement of Revenues, Expenditures and Changes in Fund Net Assets – Internal Service Funds ...................................................................................... 102 Combining Statement of Cash Flows – Internal Service Funds......................................................... 103 Combining Statements – Fiduciary Funds: Fund Descriptions .............................................................................................................................. 104 Combining Statement of Net Assets – Private Purpose Trust Funds ................................................. 105 Combining Statement of Changes in Net Assets – Private Purpose Trust Funds............................... 106 Combining Statement of Changes in Assets and Liabilities – Agency Funds.................................... 107 Individual Fund Schedules of Revenues, Expenditures/Expenses and Changes in Fund Balance/Fund Equity - Budget and Actual (Non-GAAP Basis): Major Funds................................................................................................................................. 110 Nonmajor Funds .......................................................................................................................... 119 iii STARK COUNTY, OHIO Comprehensive Annual Financial Report For the Year Ended December 31, 2003 Table of Contents III. STATISTICAL SECTION General Fund Expenditures by Function - Last Ten Years............................................................................... S1 General Fund Revenues by Source - Last Ten Years ....................................................................................... S2 Property Tax Levies and Collections - Real and Public Utility Taxes - Last Ten Years .................................. S3 Property Tax Levies and Collections - Tangible Personal Property Taxes - Last Ten Years ........................... S4 Assessed and Estimated Actual Value of Taxable Property - Last Ten Years.................................................. S5 Property Tax Rates - Direct and Overlapping Governments - Last Ten Years................................................. S6 Special Assessments Billed and Collected - Last Ten Years............................................................................ S8 Computation of Legal Debt Margin.................................................................................................................. S9 Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita - Last Ten Years............................................................................................ S10 Ratio of Annual Debt Service Expenditures for General Obligation Bonded Debt to Total General Fund Expenditures -Last Ten Years ........................................................... S11 Computation of Direct and Overlapping General Obligation Bonded Debt................................................... S12 Demographic Statistics................................................................................................................................... S13 Property Value, Construction and Bank Deposits - Last Ten Years............................................................... S15 Principal Property Taxpayers ......................................................................................................................... S16 Miscellaneous Statistics.................................................................................................................................. S17 iv Brant Luther Stark County