City of Flint, Michigan
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CITY OF FLINT, MICHIGAN Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2013 Prepared by Department of Finance and Administration Gerald Ambrose, Finance Director Antonio Brown, Deputy Finance Director City of Flint, Michigan Contents Introductory Section Letter of Transmittal A1-A5 Organization Chart B List of Elected, Civil Service, and Appointed Officials C Certificate of Achievement for Excellence in Financial Reporting D Financial Section Report Letter 1-3 Management's Discussion and Analysis 4-19 Basic Financial Statements Government-wide Financial Statements: Statement of Net Position 20-21 Statement of Activities 22-23 Fund Financial Statements: Governmental Funds: Balance Sheet 24 Reconciliation of the Balance Sheet to the Statement of Net Position 25 Statement of Revenue, Expenditures, and Changes in Fund Balances (Deficit) 26 Reconciliation of the Statement of Revenue, Expenditures, and Changes in Fund Balances (Deficit) of Governmental Funds to the Statement of Activities 27 Proprietary Funds: Statement of Net Position 28 Statement of Revenue, Expenses, and Changes in Net Position 29 Statement of Cash Flows 30-31 Fiduciary Funds: Statement of Fiduciary Net Position 32 Statement of Changes in Fiduciary Net Position 33 City of Flint, Michigan Contents (Continued) Basic Financial Statements (Continued) Component Units: Statement of Net Position 34 Statement of Activities 35-36 Notes to Financial Statements 37-88 Required Supplemental Information 89 Budgetary Comparison Schedule - General Fund 90 Budgetary Comparison Schedule - Major Special Revenue Fund 91 Budgetary Comparison Schedule - Major Capital Project Fund 92 Analysis of Funding Progress 93-94 Note to Required Supplemental Information 95 Other Supplemental Information 96 Nonmajor Governmental Funds: Fund Descriptions 97-98 Combining Balance Sheet 99-100 Combining Statement of Revenue, Expenditures, and Changes in Fund Balances 101-102 Budgetary Comparison 103-113 Internal Service Funds: Fund Descriptions 114 Combining Statement of Net Position 115 Combining Statement of Revenue, Expenses, and Changes in Net Position 116 Combining Statement of Cash Flows 117-118 Fiduciary Funds: Fund Descriptions 119 Statement of Assets and Liabilities 120 Combining Statement of Changes in Fiduciary Net Position 121 Schedule of Changes in Assets and Liabilities 122 City of Flint, Michigan Contents (Continued) Statistical Section Financial Trend Information: Net Position by Component S-1 Changes in Governmental Net Position S-2 Changes in Business-type Net Position S-3 Fund Balances, Governmental Funds S-4 Changes in Fund Balances, Governmental Funds S-5 Revenue Capacity Information: Taxable Value and Actual Value of Taxable Property S-6 Direct and Overlapping Property Tax Rates S-7-S-8 Principal Property Taxpayers S-9 Property Tax Levies and Collections S-10 Debt Capacity Information: Ratios of Outstanding Debt S-11 Ratios of General Bonded Debt Outstanding S-12 Direct and Overlapping Governmental Activities Debt S-13 Legal Debt Margin S-14 Pledged-revenue Coverage S-15 Demographic and Economic Information: Demographic and Economic Statistics S-16 Principal Employers S-17 Operating Information: Full-time Equivalent Government Employees S-18-S-19 Operating Indicators S-20 Capital Asset Statistics S-21 Flint Employees' Retirement System - Comparative Schedule - Actuarial Valuations S-22 CITY OF FLINT – ORGANIZATIONAL CHART Citizens of Flint CITY COUNCIL Ward 1 – Eric Mays 68th District Court Judges EMERGENCY MANAGER Ward 2 – Jackie Poplar Tracey Collier -Nix Ward 3 – Bryant Nolden William H. Crawford Darnell Earley Ward 4 – Josh Freeman Herman Marable Jr. Ward 5 – Wantwaz Davis Nathaniel C. Perry III Ward 6 – Sheldon Neeley Mary C. Dowd Ward 7 – Monica Galloway MAYOR Ward 8 – Vicki VanBuren LAW DEPT. Dayne Walling Ward 9 – Scott Kincaid . Peter Bade City Attorney CITY CLERK – Inez Brown FINANCE & SUPPORT DEVELOPMENT INFRASTRUCTURE PUBLIC SAFETY Gerald Ambrose Megan Hunter Howard Croft Director Director Director POLICE ASSESSMENT PLANNING & ZONING PARKS & RECREATION TRANSPORTATION UTILITIES Chief James Tolbert Bill Fowler Megan Hunter Pat Gerace Kay Muhammad Daugherty Johnson FIRE FLEET SERVICES DCED FACILITIES STREETS WATER PLANT Chief David Cox Mike Rule Tracy Atkinson Lee Osborne Betty Wideman Brent Wright 911 HUMAN RESOURCES BSI & DEMOLITION TRAFFIC ENGINEERING WATER SERVICE CENTER Pamela Coleman Erycka Hunter Jesse Buchanan Wes Muhammad Rob Binscik CITY LOCKUP I.T. SERVICES TRAFFIC CONTROL POLLUTION CONTROL Paul Knific Rod McGaha Bob Case PURCHASING Derrick Jones TREASURER Doug Bingaman Revised 12-9-13 B CITY OF FLINT, MICHIGAN As of June 30, 2013 Elected and City Officials Emergency Financial Manager Edward J. Kurtz ……………………………...Appointed by Governor Snyder on August 9, 2012 Elected Officials Dayne Walling .............................................................................. Elected Mayor November 2011 City Council (Elected November 3, 2009, for four-year terms) Claudia Croom ............................................................................................................... First Ward Jacqueline Poplar ........................................................................................................ Second Ward Bryant W. Nolden ......................................................................................................... Third Ward Joshua M. Freeman ...................................................................................................... Fourth Ward Bernard Lawler .............................................................................................................. Fifth Ward Sheldon A. Neeley .......................................................................................................... Sixth Ward Dale K. Weighill ......................................................................................................... Seventh Ward Michael J. Sarginson ..................................................................................................... Eighth Ward Scott Kincaid................................................................................................................. Ninth Ward Appointed and Other City Officials Gerald Ambrose ............................................................................................... Director of Finance Tracy Atkinson ................................... Director, Dept. of Community & Economic Development Peter Bade ......................................................................................................... Chief Legal Officer Rob Bincsik…….………………………………………………Water Service Center Supervisor Douglas Bingaman .................................................................................................... City Treasurer Inez M. Brown ................................................................................................................. City Clerk Michael K. Brown…………………………………………………………..…City Administrator Gerard Burnash ............................. Chief Operating Officer, Downtown Development Authority Robert Case ........................................................................... Water Pollution Control Supervisor Pamela Coleman ............................................................................. Emergency 911 Administrator David Cox ........................................................................................................................ Fire Chief Howard Croft………………………………………….…Infrastructure & Development Director Daugherty Johnson III .......................................................... Utilities Admin/Water Service Center William Fowler ........................................................................................................... City Assessor Patrick Gerace ................................................................................... Director of Parks & Forestry Erycka Hunter ................................................... Director of Human Resources & Labor Relations ..................................................................................................... & Human Relations Commission Derrick Jones .................................................................................................. Purchasing Manager Paul Knific ............................................................ Information Technology Services Administrator Alvern Lock .............................................................................................................. Chief of Police Jason Lorenz .......................................................................................... Communications Director Paula McGlown ......................................................................... 68th District Court Administrator Kay Muhammad ....................................................................................... Transportation Director Michael Rule ..................................................................................... Fleet & Yards Superintendent David Solis………………………………………………..…..Planning & Development Director Brent Wright .............................................................................................. Water Plant Supervisor C Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting Presented to City of Flint Michigan For its Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2012 Executive Director/CEO D Independent