PLATTENBURG Certified Public Accountants

CITY OF TROTWOOD, OHIO Yellow Book Report December 31, 2017 PLATTENBURG Certified Public Accountants City Council City of Trotwood 3035 Olive Road Trotwood, Ohio 45426 We have reviewed the Independent Auditor’s Report of the City of Trotwood, Montgomery County, prepared by Plattenburg & Associates, Inc., for the audit period January 1, 2017 through December 31, 2017. Based upon this review, we have accepted these reports in lieu of the audit required by Section 117.11, Revised Code. The Auditor of State did not audit the accompanying financial statements and, accordingly, we are unable to express, and do not express an opinion on them. Our review was made in reference to the applicable sections of legislative criteria, as reflected by the Ohio Constitution, and the Revised Code, policies, procedures and guidelines of the Auditor of State, regulations and grant requirements. The City of Trotwood is responsible for compliance with these laws and regulations. Dave Yost Auditor of State August 22, 2018 88 East Broad Street, Fourth Floor, Columbus, Ohio 43215‐3506 Phone: 614‐466‐4514 or 800‐282‐0370 Fax: 614‐466‐4490 www.ohioauditor.gov This page intentionally left blank. PLATTENBURG Certified Public Accountants INDEPENDENT AUDITOR'S REPORT 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 City of Trotwood Montgomery County 3035 Olive Road Trotwood, Ohio 45426 We have audited, in accordance with the 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, the financial statements of the governmental activities, the business‐type activities, each major fund, and the aggregate remaining fund information of the City of Trotwood, Ohio (the City), as of and for the year ended December 31, 2017, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated June 29, 2018. Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Compliance and Other Matters As part of obtaining reasonable assurance about whether the City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. 8260 NORTHCREEK DRIVE, SUITE 330 / CINCINNATI, OH 45236 (513) 891-2722 FAX (513) 891-2760 TWO PRESTIGE PLACE, SUITE 240 / DAYTON, OH 45342 (937) 433-0400 FAX (937) 433-0429 www.plattenburg.com Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Dayton, Ohio June 29, 2018 PLATTENBURG Certified Public Accountants CITY OF TROTWOOD OHIO COMPREHENSIVE ANNUAL FINANCIAL REPORT For The Fiscal Year Ended December 31, 2017 This page intentionally left blank. CITY OF TROTWOOD, OHIO COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2017 PREPARED BY: DEPARTMENT OF FINANCE Chris A. Peeples i THIS PAGE INTENTIONALLY LEFT BLANK ii City of Trotwood, Ohio Comprehensive Annual Financial Report For the Year Ended December 31, 2017 Page INTRODUCTORY SECTION Letter of Transmittal vii List of Elected and Appointed Officials xii Organizational Chart xiii Certificate of Achievement for Excellence in Financial Reporting xiv FINANCIAL SECTION Independent Auditor's Report 1 Management's Discussion and Analysis 4 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position 13 Statement of Activities 14 Fund Financial Statements: Balance Sheet - Governmental Funds 16 Reconciliation of Total Governmental Fund Balance to Net Position of Governmental Activities 18 Statement of Revenues, Expenditures and Changes in Fund Balance - Governmental Funds 20 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balance of Governmental Funds to the Statement of Activities 22 Statement of Net Position - Proprietary Funds 24 Statement of Revenues, Expenses and Changes in Fund Net Position - Proprietary Funds 26 Statement of Cash Flows - Proprietary Funds 28 Statement of Fiduciary Net Position - Fiduciary Fund 30 Notes to the Basic Financial Statements 31 Required Supplementary Information: Schedule of the City's Proportionate Share of the Net Pension Liability - OPERS 68 Schedule of the City's Proportionate Share of the Net Pension Liability - OP&F 69 Schedule of City Contributions - OPERS 70 Schedule of City Contributions - OP&F 71 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis) - General Fund 72 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis) - Fire Levy Fund 74 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis) - Rescue Levy Fund 75 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis) - Street Construction Maintenance and Repair Fund 76 Notes to the Required Supplementary Information 77 Combining Statements and Individual Fund Schedules: Nonmajor Governmental Funds 80 Combining Balance Sheet 81 Combining Statement of Revenues, Expenditures and Changes in Fund Balance 82 iii City of Trotwood, Ohio Comprehensive Annual Financial Report For the Year Ended December 31, 2017 Page Nonmajor Special Revenue Funds Fund Descriptions 83 Combining Balance Sheet 84 Combining Statement of Revenues, Expenditures and Changes in Fund Balance 86 Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual (Non-GAAP Budgetary Basis): State Highway Fund 88 Motor Vehicle License Tax Fund 89 Permissive Use Tax Fund 90 Drug Law Enforcement Fund 91 Curbs/Gutters/Sidewalks Assessment Fund 92 Grants Fund 93 Local Law Enforcement Block Fund 94 Enforcement and Education Fund 95 Law Enforcement Trust Fund 96 Redlight Enforcement Fund 97 Government Equity Program Fund 98 Police Levy Fund 99 Nonmajor Debt Service Funds Fund Description 100 Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual (Non-GAAP Budgetary Basis): Debt Retirement Fund 101 Nonmajor Capital Projects Funds Fund Descriptions 103 Combining Balance Sheet 104 Combining Statement of Revenues, Expenditures and Changes in Fund Balance 106 Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual (Non-GAAP Budgetary Basis): Park Acquisition and Development Fund 108 Industrial Park Fund 109 Fire Facility Improvements Fund 110 Salem Mall Increment Fund 111 Fire Capital Levy Fund 112 General Capital Improvement Fund 113 Nonmajor Funds: Fund Description 114 Agency Fund: Statement of Changes in Assets and Liabilities 115 iv City of Trotwood, Ohio Comprehensive Annual Financial Report For the Year Ended December 31, 2017 Schedule Page STATISTICAL SECTION Statistical Section Description

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