Lyon County, Nevada
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LYON COUNTY, NEVADA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2009 PREPARED BY THE LYON COUNTY COMPTROLLER’S OFFICE LYON COUNTY, NEVADA JUNE 30, 2009 TABLE OF CONTENTS PAGE NO. I. INTRODUCTORY SECTION - Unaudited Letter of Transmittal i-iv List of Elected and Appointed Officials v Organizational Chart vi Certificate of Achievement for Excellence in Financial Reporting vii II. FINANCIAL SECTION Independent Auditor’s Report 1-2 Management’s Discussion and Analysis 3-12 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Assets 13-14 Statement of Activities 15 Fund Financial Statements: Governmental Funds: Balance Sheet 16 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets 17 Statement of Revenues, Expenditures and Changes in Fund Balances 18 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 19 Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual General Fund 20 Road Fund 21 Regional Street and Highway Fund 22 Western Nevada HOME Consortium Fund 23 Proprietary Funds: Statement of Net Assets 24-25 Statement of Revenues, Expenses and Changes in Fund Net Assets 26 Statement of Cash Flows 27-28 Fiduciary Funds: Statement of Fiduciary Net Assets 29 LYON COUNTY, NEVADA JUNE 30, 2009 TABLE OF CONTENTS PAGE NO. Notes to Financial Statements 30-59 Required Supplementary Information: Schedules of Other Post Employment Benefits - Funding Progress 60 Employer Contributions 60 Supplementary Information: Combining and Individual Fund Statements and Schedules: Nonmajor Governmental Funds: Combining Balance Sheet 61-63 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 64-66 Governmental Funds: Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual General Fund 67-76 Special Revenue Funds: Major Special Revenue Funds: Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual Road Fund 77-78 Regional Street and Highway Fund 79 Western Nevada HOME Consortium Fund 80 Non-major Special Revenue Funds: Schedules of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual: General Indigent Fund 81 Medical Indigent Fund 82 Cooperative Extension Service Fund 83 Room Tax Fund 84 County Stabilization Fund 85 Assistance to Victims of Domestic Violence Fund 86 Assistance to Victims of Sexual Assault Fund 87 Special Medical Indigent Fund 88 Fair and Rodeo Fund 89 Justice Court Special Administrative Assessment Fund 90 Juvenile Probation Special Administrative Assessment Fund 91 After School and Recreation Program Fund 92 LYON COUNTY, NEVADA JUNE 30, 2009 TABLE OF CONTENTS PAGE NO. Western Nevada Regional Youth Facility Fund 93-94 Mason Valley Mosquito Control District Fund 95 Mining Claim Map Fund 96 Central Lyon County Vector Control District Fund 97 Walker River Weed Control District Fund 98 Silver and Gold Nutrition Program Fund 99-100 Animal Control Donation Fund 101 Unemployment Compensation Fund 102 Library Gift Fund 103 Lyon County Food Bank Fund 104 Vehicle Acquisition Fund 105 Senior Services Donation Fund 106 Road Improvement Fund 107 Capital Projects Funds: Major Capital Projects Fund: Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual Capital Improvements Fund 108-109 Enterprise Funds: Major Enterprise Funds: Dayton Water Utility Fund: Schedule of Revenues, Expenses and Changes in Net Assets - Budget and Actual 110 Schedule of Cash Flows - Budget and Actual 111-112 Dayton Sewer Utility Fund: Schedule of Revenues, Expenses and Changes in Net Assets - Budget and Actual 113 Schedule of Cash Flows - Budget and Actual 114-115 Crystal Clear Water Fund Schedule of Revenues, Expenses and Changes in Net Assets - Budget and Actual 116 Schedule of Cash Flows - Budget and Actual 117-118 Willowcreek General Improvement District Fund: Schedule of Revenues, Expenses and Changes in Net Assets - Budget and Actual 119 Schedule of Cash Flows - Budget and Actual 120-121 Mound House Water Utility Fund: Schedule of Revenues, Expenses and Changes in Net Assets - Budget and Actual 122 Schedule of Cash Flows - Budget and Actual 123-124 Silver Springs General Improvement District Fund: Schedule of Revenues, Expenses and Changes in Net Assets - Budget and Actual 125 Schedule of Cash Flows - Budget and Actual 126-127 LYON COUNTY, NEVADA JUNE 30, 2009 TABLE OF CONTENTS PAGE NO. Fiduciary Funds: Combining Statement of Changes in Assets and Liabilities - Agency Funds 128-134 III. STATISTICAL SECTION - Unaudited Financial Trends: Net Assets by Component 135 Changes in Net Assets 136-137 Fund Balances, Governmental Funds 138 Changes in Fund Balances, Governmental Funds 139 General Fund, Ending Fund Balances (Graph) 140 General Fund, Expenditures by Function (Graph) 141 General Fund, Expenditures by Object (Graph) 142 Special Revenue Funds, Ending Fund Balances (Graph) 143 Road Fund, Ending Fund Balances (Graph) 144 Revenue Capacity: Assessed Value and Actual Value of Taxable Property 145 Direct and Overlapping Property Tax Rates 146 Principal Property Tax Payers 147 Property Tax Levies and Collections 148 Special Assessment Billings and Collections 149 Debt Capacity: Outstanding Debt by Type 150 Ratios of General Obligation Debt Outstanding 151 Legal Debt Margin Information 152 Demographic and Economic Information: Demographic and Economic Statistics 153 Principal Employers 154 Operating Information: Full-Time Equivalent (FTE) County Government Employees by Function 155 Operating Indicators by Function 156 Capital Assets Statistics by Function 157 IV. COMPLIANCE SECTION Report on Compliance and 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 158-159 LYON COUNTY, NEVADA JUNE 30, 2009 TABLE OF CONTENTS PAGE NO. Report on Compliance with Requirements Applicable to Each Major Program and Internal Control over Compliance In Accordance With OMB Circular A-133 160-161 Schedule of Expenditures of Federal Awards 162-166 Schedule of Findings and Questioned Costs 167-168 Status of Prior Year Findings and Questioned Costs 169 Independent Auditor's Nevada Revised Statutes Chapter 354 Compliance Examination Report 170 Status of Prior Year Audit Recommendations 171 Status of Current Year Audit Recommendations 171 Schedule of Fees Imposed Subject to the Provisions of NRS 354.5989 - Limitations of Fees for Business Licenses 172 Schedule of Referrals to Regional Youth Facility subject to the provisions of NAC 354.717 173 INTRODUCTORY SECTION LYON COUNTY COMPTROLLER RISK MANAGEMENT/SAFETY JOSHUA D. FOLI 27 South Main Street Comptroller Yerington, Nevada 89447 PHONE: (775) 463-6510 FAX: (775) 463-6500 November 19, 2009 Residents of Lyon County The Honorable Board of County Commissioners Lyon County, Nevada We are pleased to submit the Comprehensive Annual Financial Report of Lyon County, Nevada for the fiscal year ended June 30, 2009. Nevada Revised Statutes (NRS) 354.624 requires the County to issue an annual report on its financial position and activities and that this report be audited by an independent certified public accounting firm. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with county management. We believe the data, as presented, is accurate in all material aspects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the County; and that all disclosures necessary to enable the reader to gain an understanding of the County’s financial activity have been included. This report contains a comprehensive analysis of the County’s financial position and activities for the fiscal year and presents all funds of Lyon County, the primary government. Report Presentation We are presenting Management’s Discussion and Analysis as an introduction to the financial information. It immediately follows the auditor’s opinion. This section provides an overview and analysis of the County’s significant transactions to aid readers in understanding their financial impact and relationship to the financial statements and schedules provided. This section is presented to provide more meaningful information to our readers and to demonstrate accountability for our financial actions. The Financial Reporting Entity and Its Services Lyon County was incorporated in 1861 and is a political subdivision of the State of Nevada operating under the general laws of the State. The County covers an area of approximately 2,400 square miles in the northwest section of the State. The county seat is in the City of Yerington. The County is governed by a five-member Board of Commissioners elected i at large, with one representative from each of the five commissioner districts. Commissioners serve four-year terms, staggered on two-year intervals so that no more than three Commissioners are up for election at one time. Commissioners are elected on a partisan basis. Annually, the Board elects the Chairperson and the Vice-Chairperson. The Board appoints a county manager, who is responsible for carrying out the policies and ordinances of the governing board, for overseeing the day-to-day operations of the government, and for appointing the heads of the various departments. The County provides for the health, safety