Augusta Georgia 30901 Office (706) 821-2429 Fax (706) 821-2520

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Augusta Georgia 30901 Office (706) 821-2429 Fax (706) 821-2520 Comprehensive Annual Financial Report For the year ended December 31, 2019 Prepared By: The Augusta, Georgia Finance Department Donna B. Williams, CGFM Director of Finance AUGUSTA, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2019 Prepared by: Augusta, Georgia Finance Department Donna B. Williams, CGFM Director of Finance AUGUSTA, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2019 TABLE OF CONTENTS Page INTRODUCTORY SECTION Letter of Transmittal – Finance Director ......................................................................................................i – vii GFOA Certificate ................................................................................................................................................. viii Organizational Chart .......................................................................................................................................... ix Listing of Principal Officials .................................................................................................................... x and xi FINANCIAL SECTION Independent Auditor's Report ....................................................................................................................... 1 – 4 Management’s Discussion and Analysis ................................................................................................... 5 – 19 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ............................................................................................................. 20 and 21 Statement of Activities .................................................................................................................. 22 and 23 Fund Financial Statements Balance Sheet – Governmental Funds ..................................................................................................... 24 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position ......................................................................................................................................... 25 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds .......................................................................................................... 26 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities ............................................ 27 General Fund – Statement of Revenues, Expenditures and Changes in Fund Balances – Budget (GAAP Basis) and Actual ............................................................................ 28 Fire Protection Fund – Statement of Revenues, Expenditures and Changes in Fund Balances – Budget (GAAP Basis) and Actual ...................................................................................... 29 Statement of Net Position – Proprietary Funds ....................................................................................... 30 Statement of Revenues, Expenses and Changes in Fund Net Position – Proprietary Funds ................................................................................................................. 31 Statement of Cash Flows – Proprietary Funds ............................................................................ 32 and 33 Statement of Fiduciary Net Position – Fiduciary Funds ......................................................................... 34 Statement of Changes in Fiduciary Net Position – Fiduciary Funds .................................................... 35 Notes to Financial Statements ............................................................................................................. 36 – 110 Required Supplementary Information: Schedule of Changes in the Government’s Total OPEB Liability and Related Ratios .......................... 111 Schedule of Changes in the Government’s Net Pension Liability and Related Ratios – 1945 Plan .................................................................................................... 112 and 113 Schedule of Changes in the Government’s Net Pension Liability and Related Ratios – General Retirement Plan ........................................................................... 114 and 115 Schedule of Changes in the Government’s Net Pension Liability and Related Ratios – Georgia Municipal Employees Benefit System Plan .............................. 116 and 117 AUGUSTA, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2019 TABLE OF CONTENTS (CONTINUED) Page FINANCIAL SECTION (CONTINUED) Required Supplementary Information (Continued): Schedule of Government Contributions – 1945 Plan .................................................................. 118 and 119 Schedule of Government Contributions – General Retirement Plan ......................................... 120 and 121 Schedule of Government Contributions – Georgia Municipal Employees Benefit System Plan ................................................................................................................... 122 and 123 Schedule of Pension Investment Returns – 1945 Plan ............................................................................. 124 Schedule of Pension Investment Returns – General Retirement Plan .................................................... 125 Combining and Individual Fund Statements and Schedules: General Fund Statement of Revenues, Expenditures and Changes in Fund Balances – Budgetary Level of Control – Budget (GAAP) and Actual .................................. 126 – 128 Nonmajor Governmental Funds Combining Balance Sheet – Nonmajor Governmental Funds ............................................................. 129 Combining Statement of Revenues, Expenditures and Changes In Fund Balances – Nonmajor Governmental Funds ........................................................................ 130 Combining Balance Sheet – Nonmajor Special Revenue Funds .............................................. 131 – 139 Combining Statement of Revenues, Expenditures and Changes In Fund Balances – Nonmajor Special Revenue Funds .................................................................... 140 Budgetary Compliance – Special Revenue Funds Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Urban Services District .................................................................. 141 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Emergency Telephone System ...................................................... 142 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Tax Allocation District 2 ................................................................. 143 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Tax Allocation District 3 ................................................................. 144 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Tax Allocation District 4 ................................................................. 145 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Occupational Tax ............................................................................ 146 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Special Assessment ....................................................................... 147 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Hotel/Motel Tax and Promotion/Tourism ...................................... 148 AUGUSTA, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2019 TABLE OF CONTENTS (CONTINUED) Page FINANCIAL SECTION (CONTINUED) Combining and Individual Fund Statements and Schedules (Continued) Budgetary Compliance – Special Revenue Funds (Continued) Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Housing and Neighborhood Development ................................... 149 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Urban Development Action Grant ................................................. 150 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Federal Drug Fund .......................................................................... 151 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – State Drug Fund .............................................................................. 152 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Downtown Development ................................................................ 153 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Convention Center .......................................................................... 154 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Law Library ...................................................................................... 155 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – 5% Victim’s Crime Assistance ....................................................... 156 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget
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