City of Macon Georgia 12-31-13
Total Page:16
File Type:pdf, Size:1020Kb
CITY OF MACON, GEORGIA FINANCIAL REPORT FOR THE SIX MONTHS ENDED DECEMBER 31, 2013 Megan McMahon Director of Finance CITY OF MACON, GEORGIA FINANCIAL REPORT FOR THE SIX MONTHS ENDED DECEMBER 31, 2013 TABLE OF CONTENTS FINANCIAL SECTION Page Independent Auditor's Report ................................................................................................................................ 1 - 3 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ............................................................................................................................... 4 Statement of Activities .......................................................................................................................... 5 and 6 Fund Financial Statements: Balance Sheet – Governmental Funds .......................................................................................................... 7 Reconciliation of Governmental Fund Balances to the Government-Wide Statement of Net Position ............................................................................................. 8 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds ....................................................................................................... 9 Reconciliation of the Statement of Revenues, Expenditures and Changes In Fund Balances of Governmental Funds to the Statement of Activities ............................................. 10 Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual – General Fund ............................................................................ 11 and 12 Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual – Community & Economic Development Fund .................................... 13 Statement of Net Position – Proprietary Funds .......................................................................................... 14 Statement of Revenues, Expenses and Changes in Fund Net Position – Proprietary Funds ..................................................................................................... 15 Statement of Cash Flows – Proprietary Funds ............................................................................... 16 and 17 Statement of Fiduciary Net Position – Fiduciary Funds ............................................................................ 18 Statement of Changes in Fiduciary Net Position – Fiduciary Funds ........................................................ 19 Notes to the Financial Statements ................................................................................................................ 20 - 71 Required Supplementary Information: Schedule of Funding Progress ............................................................................................................................. 72 Schedule of Employer Contributions ................................................................................................................... 73 Combining Statements and Schedules: Combining Balance Sheet – Nonmajor Governmental Funds ............................................................... 74 and 75 CITY OF MACON, GEORGIA FINANCIAL REPORT FOR THE SIX MONTHS ENDED DECEMBER 31, 2013 TABLE OF CONTENTS FINANCIAL SECTION (CONTINUED) Page Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds ............................................................................... 76 and 77 Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual – Hotel/Motel Tax Fund ....................................................................................................... 78 Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual – Law Enforcement Confiscation Fund ............................................................................ 79 Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual – Law Enforcement Grant Fund ......................................................................................... 80 Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual – Enhanced 911 Fund ......................................................................................................... 81 Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual – General Grant Activity Fund ........................................................................................... 82 Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual – Workforce Development Fund ........................................................................................ 83 Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual – Dannenburg Grant Fund.................................................................................................. 84 Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual – Debt Service Fund ............................................................................................................ 85 Combining Statement of Net Position – Nonmajor Enterprise Funds .............................................................. 86 Combining Statement of Revenues, Expenses and Changes in Fund Net Position – Nonmajor Enterprise Funds ............................................................................................. 87 Combining Statement of Cash Flows – Nonmajor Enterprise Funds ............................................................... 88 Combining Statement of Net Position – Internal Service Funds ....................................................................... 89 Combining Statement of Revenues, Expenses and Changes in Fund Net Position – Internal Service Funds ...................................................................................................... 90 Combining Statement of Cash Flows – Internal Service Funds ........................................................................ 91 Combining Statement of Fiduciary Net Position – Pension Trust Funds ........................................................ 92 Combining Statement of Changes in Fiduciary Net Position – Pension Trust Funds .......................................................................................................................................................... 93 Schedule of Expenditures of 2012 Special Purpose Local Option Sales Tax Proceeds ..................................... 94 INDEPENDENT AUDITOR’S REPORT To the Honorable Mayor and City Council of Macon Macon, Georgia Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business-type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of the City of Macon, Georgia (the “City”), as of and for the six months ended December 31, 2013, and the related notes to the financial statements, which collectively comprise the City of Macon, Georgia’s basic financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of the Macon-Bibb County Transit Authority which represent 100% of the assets, net position and revenues of the discretely presented component unit. Those statements were audited by other auditors whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for the Macon-Bibb County Transit Authority, is based solely on the report of the other auditors. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well