Comprehensive Annual Financial Report – Year Ended 2018 (PDF)
Total Page：16
File Type：pdf, Size：1020Kb
GWINNETT COUNTY, GEORGIA BOARD OF COMMISSIONERS Charlotte Nash Jace Brooks Ben Ku Tommy Hunter Marlene M. Fosque Chairman District 1 District 2 District 3 District 4 Prepared by: Department of Financial Services and the Communications Division 75 LANGLey Drive • LaWRENCEVILLE, GEORGIA WWW.GWINNETTCOUNTY.COM TABLE OF CONTENTS –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– INTRODUCTORY SECTION (Unaudited) ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Letter of Transmittal––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 1 Profile of the Government ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 3 Assessing the County’s Economic Condition ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 4 Accomplishments ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 11 Awards and Acknowledgements ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 14 Certificate of Achievement for Excellence in Financial Reporting ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 15 Gwinnett County Organizational Chart –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 16 County Administration, Department Directors, Elected Officials, and Judicially Appointed Officials ––––––––––––––––––––––––––––––––––––––––– 17 Department of Financial Services Organizational Chart ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 18 Accounting Division –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 19 FINANCIAL SECTION ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Independent Auditors’ Report –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 20 Management’s Discussion and Analysis ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 23 Overview of the Financial Statements –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 23 Financial Highlights –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 26 Governmentwide Financial Analysis ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 27 Financial Analysis of the Government’s Funds ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 31 General Fund Budgetary Highlights –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 34 General Fund Actual Revenues and Expenditures versus Budget ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 34 Capital Assets ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 35 Debt Administration –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 36 Economic Factors and Next Year’s Budgets and Rates ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 37 Requests for Information –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 38 Basic Financial Statements ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Statement of Net Position –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 39 Statement of Activities –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 40 Governmental Funds Balance Sheet ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 41 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ––––––––––––––––––––––––––––––––––––––––– 42 FY 2018 CAFR • I | ii FINANCIAL SECTION – continued –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances –––––––––––––––––––––––––––––––––––––––––– 43 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities ––––––– 44 General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual (Budget Basis) –––––––––––––––––––––––– 45 Fire and EMS District Fund Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual (Budget Basis) ––––––––––––––– 46 Police Services District Fund Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual (Budget Basis) –––––––––––––– 47 Proprietary Funds Statement of Net Position ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 48 Proprietary Funds Statement of Revenues, Expenses, and Changes in Fund Net Position ––––––––––––––––––––––––––––––––––––––––––––– 49 Proprietary Funds Statement of Cash Flows –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 50 Fiduciary Funds Statement of Fiduciary Net Position –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 51 Pension and OPEB Trust Funds Statement of Changes in Fiduciary Net Position –––––––––––––––––––––––––––––––––––––––––––––––––– 52 Component Units Combining Statement of Net Position –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 53 Component Units Combining Statement of Activities –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 54 Notes to the Financial Statements (The Notes to the Financial Statements are an integral part of the basic financial statements.) –––––––––––––––––– 55 Required Supplementary Information –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Defined Benefit Pension Plan ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––113 Other Post-Employment Benefits –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––116 Other Supplementary Information ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Non-Major Governmental Funds ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Non-Major Governmental Funds – Fund Descriptions ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––119 Other Governmental Funds Combining Balance Sheet –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––122 Other Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances –––––––––––––––––––––––––––––126 Budgetary Compliance ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––129 Special Revenue Funds Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (Budget Basis) –––––––––––––––––130 Capital Projects Funds Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (Budget Basis) –––––––––––––––––138 Debt Service Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (Budget Basis) ––––––––––––––––––––140 Grant Fund Schedule of Revenues and Expenditures, Budget and Actual (Budget Basis) –––––––––––––––––––––––––––––––––––––––––––141 Other Enterprise Funds –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Other Enterprise Funds – Fund Descriptions ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––142 Other Enterprise Funds Combining Statement of Net Position ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––143 Other Enterprise Funds Combining Statement of Revenues, Expenses, and Changes in Fund Net Position –––––––––––––––––––––––––––––––144 Other Enterprise Funds Combining Statement of Cash Flows –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––145 FY 2018 CAFR • I | iii FINANCIAL SECTION – continued –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Internal Service Funds –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Internal Service Funds – Fund Descriptions ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––146 Internal Service Funds Combining Statement of Net Position –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––147 Internal Service Funds Combining Statement of Revenues, Expenses, and Changes in Fund Net Position ––––––––––––––––––––––––––––––––148 Internal Service Funds Combining Statement of Cash Flows –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––149 Fiduciary Funds –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Fiduciary Funds – Fund Descriptions ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––150 Pension and OPEB Trust Funds Combining Statement of Fiduciary Net Position ––––––––––––––––––––––––––––––––––––––––––––––––151 Pension and OPEB Trust Funds Combining Statement of Changes in Fiduciary Net Position ––––––––––––––––––––––––––––––––––––––––152 Agency Funds Combining Statement of Fiduciary Assets and Liabilities ––––––––––––––––––––––––––––––––––––––––––––––––––––––153 Agency Funds Combining Statement of Changes in Fiduciary Assets and Liabilities ––––––––––––––––––––––––––––––––––––––––––––––154 STATISTICAL SECTION (Unaudited) ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Statistical