Master Template
Total Page:16
File Type:pdf, Size:1020Kb
COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2017 (This page is intentionally left blank.) Troup County, Georgia Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2017 Prepared by: Office of Commissioners Accounting Department (This page is intentionally left blank.) Troup County, Georgia Comprehensive Financial Annual Report Fiscal Year Ended June 30, 2017 Table of Contents Introductory Section Letter of Transmittal .................................................................................................................................... 3 Organizational Chart ..................................................................................................................................... 9 List of Principal Officials ............................................................................................................................ 10 GFOA Certificate of Achievement ............................................................................................................. 11 Financial Section Independent Auditors’ Report ................................................................................................................. 15 Management’s Discussion and Analysis ................................................................................................. 19 Basic Financial Statements Government-wide Financial Statements: Statement of Net Position ..................................................................................................................... 32 Statement of Activities .......................................................................................................................... 33 Fund Financial Statements Governmental Funds: Balance Sheet ........................................................................................................................................ 34 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ................................................................................................................................... 35 Statement of Revenues, Expenditures and Changes in Fund Balances ................................................ 36 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities .................................................. 37 Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – General Fund ................................................................................................ 38 Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Parks and Recreation Endowment Fund ...................................................... 39 Proprietary Funds: Statement of Net Position ..................................................................................................................... 40 Statement of Revenues, Expenses and Changes in Net Position .......................................................... 41 Statement of Cash Flows ...................................................................................................................... 42 Fiduciary Funds: Statement of Fiduciary Net Position ..................................................................................................... 44 Statement of Changes in Fiduciary Net Position .................................................................................. 45 Notes to the Basic Financial Statements .............................................................................................. 47 i Troup County, Georgia Comprehensive Financial Annual Report Fiscal Year Ended June 30, 2017 Table of Contents Required Supplementary Information Defined Benefit Pension Plan Schedule of Changes in Net Pension Liability and Related Ratios ..................................................... 78 Schedule of Employer Contributions ................................................................................................. 79 Schedule of Pension Investment Returns ............................................................................................. 80 Postemployment Healthcare Plan Schedule of Funding Progress ............................................................................................................. 81 Supplementary Information Combining and Individual Fund Statements and Schedules Governmental Funds Nonmajor Governmental Funds: Combining Balance Sheet – By Fund Type ...................................................................................... 87 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – By Fund Type................................................................................... 88 General Fund: Schedule of Revenues – Budget and Actual .................................................................................... 90 Schedule of Expenditures – Budget and Actual ................................................................................ 93 Nonmajor Special Revenue Funds: Combining Balance Sheet ................................................................................................................ 96 Combining Statement of Revenues, Expenditures and Changes in Fund Balances ........................................................................................................... 97 Drug Abuse Treatment and Education Fund Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual .................................................................................................... 98 Law Library Fund Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual ................................................................................................... 99 Alternative Dispute Resolution Fund Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual ................................................................................................. 100 Juvenile Supervision Fund Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual ................................................................................................. 101 Victim/Witness Assistance Fund Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual .................................................................................................. 102 Parks and Recreation Facilities Fund Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual .................................................................................................. 103 Emergency 9-1-1 Fund Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual .................................................................................................. 104 ii Troup County, Georgia Comprehensive Financial Annual Report Fiscal Year Ended June 30, 2017 Table of Contents Hotel/Motel Tax Fund Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual .................................................................................................. 105 Multi Grant Fund Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual .................................................................................................. 106 Nonmajor Debt Service Funds: Combining Balance Sheet ............................................................................................................... 108 Combining Statement of Revenue, Expenditures and Changes in Fund Balances ........................................................................................................ 109 General Obligations Fund Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual .................................................................................................. 110 SPLOST IV Fund Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual .................................................................................................. 111 Internal Service Funds: Combining Statement of Net Position .............................................................................................. 114 Combining Statement of Revenues, Expenses and Changes in Fund Net Position ......................... 115 Combining Statement of Cash Flows ............................................................................................... 116 Fiduciary Funds: Agency Funds Combining Statements of Changes in Assets and Liabilities....................................................... 118 Other Schedules: Schedule of Projects Constructed With Special Sales Tax Proceeds .............................................. 124 Statistical Section (Unaudited) Financial Trend Information Changes in Net Position – Governmental Activities ............................................................................. 128 Changes in Net Position – Governmental Activities – Percentage of Total .......................................... 130 Government-wide Net Position – By Component ................................................................................. 132 Chart - Total Government-wide Net Position ....................................................................................... 133 Changes in Net Position – Business-type