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CITY OF GAINESVILLE, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018 Prepared by Department of Finance LISTING OF CITY OFFICALS As of 9/30/2018 ELECTED OFFICIALS Lauren Poe Mayor (At Large) Gigi Simmons Commissioner (District I) Harvey Ward Commissioner (District II) David Arreola Commissioner (District III) Adrian Hayes-Santos Commissioner (District IV) Helen Warren Commissioner (At Large) Gail Johnson Commissioner (At Large) APPOINTED OFFICIALS Anthony Lyons City Manager Edward Bielarski General Manager for Utilities Nicolle Shalley City Attorney Omichele Gainey Clerk of the Commission Carlos Holt City Auditor Bridget Lee Equal Opportunity Director (Interim) BUDGET & FINANCE PROGRAM STAFF Christopher Quinn Finance Director Diane Wilson Assistant Finance Director Daniel Smierciak Accounting Manager Vacant Grants Fiscal Coordinator Lynn Thigpen Property Control Specialist Sandra Frankenberger Accountant II Everlyne Ololo Accountant II Belinda Morris Account Clerk, Sr. INTRODUCTORY SECTION CITY OF GAINESVILLE, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018 TABLE OF CONTENTS I. INTRODUCTORY SECTION Table of Contents .................................................................................................................................................... i-iv Letter of Transmittal ................................................................................................................................................ v-x Certificate of Achievement for Excellence in Financial Reporting ......................................................................... xi Organization Chart ................................................................................................................................................... xii II. FINANCIAL SECTION Independent Auditors’ Report ............................................................................................................................. 1-3 Management’s Discussion and Analysis ........................................................................................................... 4-14 Basic Financial Statements Government-wide Financial Statements: Statement of Net Position ............................................................................................................................ 15-16 Statement of Activities ..................................................................................................................................... 17 Fund Financial Statements: Balance Sheet – Governmental Funds ............................................................................................................. 18 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ............................................................................................................................. 19 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds .................................................................................................................. 20 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities .................................................................................................................................. 21 Statement of Fund Net Position – Proprietary Funds ................................................................................. 22-23 Reconciliation of the Statement of Net Position of Proprietary Funds to the Statement of Net Position ................................................................................................................... 24 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds ........................................................................................................................ 25 Reconciliation of the Statement of Revenues, Expenses, and Changes in Fund Net Position of Proprietary Funds to the Statement of Activities .................................................. 26 Statement of Cash Flows – Proprietary Funds ............................................................................................ 27-28 Statement of Fiduciary Net Position – Fiduciary Funds .............................................................................. 29 Statement of Changes in Fiduciary Net Position – Fiduciary Funds ......................................................... 30 Notes to Financial Statements ................................................................................................................ 31-100 Required Supplementary Information Schedule of Revenues and Expenditures – Budget and Actual – General Fund .................................................................................................................................................. 101 Notes to Schedule of Revenues and Expenditures – Budget and Actual – General Fund .................................................................................................................................................. 102 i CITY OF GAINESVILLE, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018 TABLE OF CONTENTS (Continued) II. FINANCIAL SECTION (Continued) Required Supplementary Information (Concluded) Employees’ Pension Plan: Schedules of Changes in City’s Net Pension Liability Related Ratios ............................................................................................................................................. 103 Schedules of City Contributions .................................................................................................................... 104 Police Officers’ and Firefighters’ Consolidated Retirement Plan: Schedules of Changes in City’s Net Pension Liability and Related Ratios ............................................................................................................................................. 105 Schedules of Police Officers’ and Firefighters’ Consolidated Pension Plan Employer Contributions ....................................................................................................... 106 Schedule of Annual Money-Weighted Rate of Return – All Pension Funds ................................................... 107 Other Post-Employment Benefits Plan (OPEB): Schedules of Changes in City’s Net OPEB Liability and Related Ratios – OPEB Plan .............................. 108 Schedules of City Contributions – OPEB Plan .............................................................................................. 109 Schedule of Annual Money-Weighted Rate of Return – OPEB Plan ........................................................... 110 Supplementary Information Non-Major Governmental Funds Descriptions Combining Balance Sheet – Non-Major Governmental Funds ................................................................. 111-129 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Non-Major Governmental Funds ................................................................................ 130-148 Schedule of Revenues and Expenditures – Budget and Actual: Community Development Block Grant Fund ................................................................................................ 149 Urban Development Action Grant Fund ........................................................................................................ 150 Home Grant Fund ........................................................................................................................................... 151 Cultural and Nature Projects Fund ................................................................................................................. 152 State Law Enforcement Contraband Forfeiture Fund .................................................................................... 153 Federal Law Enforcement Contraband Forfeiture Fund ................................................................................ 154 Police Billable Overtime Fund ....................................................................................................................... 155 Community Redevelopment Agency Fund.................................................................................................... 156 Economic Development Fund ........................................................................................................................ 157 Evergreen Cemetery Trust Fund .................................................................................................................... 158 School Crossing Guard Trust Fund ................................................................................................................ 159 Art in Public Places Trust Fund ..................................................................................................................... 160 FFGFC Fund – Series 2005 ............................................................................................................................ 161 Guaranteed Entitlement Revenue and Refunding Bonds Fund – 2004 ......................................................... 162 Pension Obligation Bond Series 2003A......................................................................................................... 163 Pension Obligation Bond Series 2003B