City of Wilson North Carolina

CITY OF WILSON NORTH CAROLINA CCOOMMPPRREEHHEENNSSIIVVEE AANNNNUUAALL FFIINNAANNCCIIAALL RREEPPOORRTT FISCAL YEAR ENDED JUNE 30, 2019 FINANCIAL SERVICES KIM A. HANDS CHIEF FINANCIAL OFFICER CITY OF WILSON, NORTH CAROLINA TABLE OF CONTENTS Page(s) INTRODUCTORY SECTION Letter of Transmittal i-xiv Certificate of Achievement xv Organizational Chart xvi List of Principal Officers xvii FINANCIAL SECTION Report of Independent Auditors 1-3 Management Discussion and Analysis (required supplementary information) 4-14 Basic Financial Statements Government-Wide Financial Statements Statement of Net Position 15 Statement of Activities 16 Fund Financial Statements Governmental Fund Financial Statements Balance Sheet 17 Reconciliation of the Balance Sheet to the Statement of Net Position 18 Statement of Revenues, Expenditures, and Changes in Fund Balances 19 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities 20 Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual 21-22 Proprietary Fund Financial Statements Statement of Net Position – Proprietary Funds 23-24 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds 25-26 Statement of Cash Flows–Proprietary Funds 27-28 Fiduciary Fund Financial Statements Statement of Fiduciary Net Position 29 Statement of Changes in Fiduciary Net Position 30 Notes to Basic Financial Statements 31-66 CITY OF WILSON, NORTH CAROLINA Page(s) Required Supplementary Information Law Enforcement Officers’ Special Separation Allowance Required Supplementary Information – Schedule of Changes in Total Pension Liability 67 Law Enforcement Officers’ Special Separation Allowance Required Supplementary Information – Schedule of Changes in Total Pension Liability as a Percentage of Covered Payroll 68 Other Post Employment Benefits – Retiree Health Plan Required Supplemental Information – Schedule of Changes in Total OPEB Liability and Related Ratios 69 Local Government Employees’ Retirement System Required Supplementary Information – Proportionate Share of Net Pension Liability (Asset) 70 Local Government Employees’ Retirement System Required Supplementary Information – Schedule of Contributions 71 Supplemental Financial Information Combining and Individual Fund Statements and Schedules General Fund: Supplemental Balance Sheets 72 Supplemental Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual 73 Supplemental Schedule of Revenues and Other Financing Sources – Budget and Actual 74-75 Supplemental Schedule of Expenditures and Other Uses - Budget and Actual 76-81 Nonmajor Governmental Funds: 82-83 Supplemental Combining Balance Sheet – Nonmajor Governmental Funds 84 Supplemental Combining Balance Sheet – Nonmajor Special Revenue Funds 85 Supplemental Combining Balance Sheet – Nonmajor Capital Project Funds 86 Supplemental Combining Statements of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds 87 Supplemental Combining Statements of Revenues, Expenditures and Changes in Fund Balance – Nonmajor Special Revenue Funds 88 Supplemental Combining Statements of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Capital Project Funds 89 Special Revenue Funds: Supplemental Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual – Community Development 90 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Neighborhood Revitalization (Whitfield Homeowners Flood Recovery) Block Grant (CDBG) Program Economic Development Grant 91 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – New Home Loan Pool and System Vision Grant 92 Supplemental Combining Balance Sheet – Urgent Repair Program Grant Projects 93 CITY OF WILSON, NORTH CAROLINA Page(s) Supplemental Combining Statements of Revenues, Expenditures and Changes in Fund Balances – Urgent Repair Program Grant Projects 94 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – 2018 Urgent Repair Program Grant 95 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – 2017 Urgent Repair Program Grant 96 Supplemental Combining Balance Sheets – Brownfields Assessment and Cleanup Grants 97 Supplemental Combining Schedule of Revenues and Expenditures and Changes in Fund Balance Brownfields Assessment and Cleanup Grants 98 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Brownfields Cleanup Revolving Loan Fund Grant Project 99 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – 2017 Brownfields Assessment and Cleanup- Hazardous and Petroleum Grant Project 100 Supplemental Combining Balance Sheets – Single Family Rehabilitation Loan Pool Grant Projects 101 Supplemental Combining Statements of Revenues, Expenditures and Changes in Fund Balances – Single Family Rehabilitation Loan Pool Grant Projects 102 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Essential Single-Family Rehabilitation Loan Pool Grant Project 103 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Essential Single-Family Rehabilitation Loan Pool – Disaster Recovery Grant Project 104 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Rural Economic Development (Building Reuse Program “217 Brew Works”) Grant Project 105 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Wayfinding Signage-USDA Grant Project 106 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Hazardous Mitigation (Matthew Buyout) Grant Project 107 Capital Projects Funds: Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Whirligig South & Douglas Streets Infrastructure Capital Project Fund 108 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Rail Station Canopy Replacement Capital Project Fund 109 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – J Burt Gillette Athletic Complex Stadium/Soccer Fields/ Site Improvements Capital Project Fund 110 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Recreation Revitalization Capital Project Fund 111 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Economic Community Investment Downtown Building Revitalization Capital Project Fund 112 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Economic Community Investment – TIGER Capital Project Fund 113 Supplemental Combining Balance Sheets – Lake Wilson Park Capital Projects 114 CITY OF WILSON, NORTH CAROLINA Page(s) Supplemental Combining Schedule of Revenues and Expenditures and Changes in Fund Balances Lake Wilson Park Capital Projects 115 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Lake Wilson Park Improvements Phase II Capital Project Fund 116 Supplemental Schedule of Revenues, Expenditures – Budget and Actual – Lake Wilson Walking Trail and Bridge – Phase I Capital Project Fund 117 Supplemental Combining Balance Sheets – Public Street Maintenance and Construction Capital Projects 118 Supplemental Combining Statements of Revenues, Expenditures and Changes in Fund Balances – Public Street Maintenance and Construction Capital Projects 119 Supplemental Schedule of Revenues and Expenditures – Budget and Actual-Public Street Maintenance and Construction Capital Project Fund 120 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – 2019 Public Street Maintenance and Construction Capital Project Fund 121 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – City-wide Greenway System Capital Project Fund 122 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Cavalier Terrace Park Renovations Capital Project Fund 123 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Wiggins Mill Park Improvements Capital Project Fund 124 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Toisnot Dog Park Capital Project Fund 125 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Risk Mitigation-Toisnot Bank and Flood Zone Capital Project Fund 126 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Center Brick Parking Lot Re-design Capital Project Fund 127 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Cherry Hotel Remediation and Infrastructure Improvement Capital Project Fund 128 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Gig East Exchange Building Renovation Capital Project Fund 129 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Arts Council Relocation and Renovation Capital Project Fund 130 Supplemental Schedule of Revenues and Expenditures – Budget and Actual – Economic Development Shell Building Project Fund 131 Proprietary Funds: Enterprise Funds 132 Electric Fund: Supplemental Statement of Fund Net Position 133-134 Supplemental Statements of Revenues, Expenses and Changes in Fund Net Position 135 Supplemental Statements of Cash Flows 136-137 Supplemental Schedule of Revenues and Expenditures – Budget and Actual (NON-GAAP) 138-139 Electric Rate Stabilization Fund – Supplemental Schedule of Revenues and Expenditures – Budget and Actual (NON-GAAP) 140 CITY OF WILSON, NORTH CAROLINA Page(s) 301 Infrastructure/Corridor Improvements Capital Project Fund Supplemental Schedule of Revenues and Expenditures Budget and Actual

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