Current Comprehensive Annual Financial
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STATE OF WYOMING COMPREHENSIVE ANNUAL FINANCIAL REPORT For Fiscal Year Ended June 30, 2020 Prepared By: CAFR Division State Auditor’s Office Kristi J. Racines, CPA State Auditor State of Wyoming TABLE OF CONTENTS INTRODUCTORY SECTION Letter from the State Auditor…………………………………………………………………………………………………….4 Government Finance Officers Association Certificate………………………………………………………………………..9 Organizational Chart/Principal State Officials..............................................................................................................10 Acknowledgements…………………………………………………………………………………………………………......11 FINANCIAL SECTION Independent Auditor’s Report………………………………………………………………………………………………….13 Management’s Discussion and Analysis……………………………………………………………………………………..16 BASIC FINANCIAL STATEMENTS Statement of Net Position.............................................................................................................................................32 Statement of Activities..................................................................................................................................................34 Balance Sheet – Governmental Funds.........................................................................................................................36 Reconciliation of the Balance Sheet to the Statement of Net Position.........................................................................37 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds................................38 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities………………………………………………………………………………………………...………...39 Statement of Net Position – Proprietary Funds............................................................................................................40 Statement of Revenues, Expenses and Changes in Net Position – Proprietary Funds……........................................41 Statement of Cash Flows – Proprietary Funds.............................................................................................................42 Statement of Net Position – Fiduciary Funds...............................................................................................................43 Statement of Changes in Net Position – Fiduciary Funds............................................................................................44 Statement of Net Position – Component Units.............................................................................................................45 Statement of Activities – Component Units..................................................................................................................46 Notes to the Basic Financial Statements......................................................................................................................47 REQUIRED SUPPLEMENTARY INFORMATION Budgetary Comparison Schedules Schedule of Revenues & Expenditures (Budget & Actual) – General Fund................................................................118 Schedule of Revenues & Expenditures (Budget & Actual) – Foundation Program Fund............................................123 Schedule of Revenues & Expenditures (Budget & Actual) – CARES Act Coronavirus Relief Fund…………………..124 Pension Plan Information Cost-Sharing Employer Plans Schedule of the Proportionate Share of the Net Pension Liability – Public Employee Pension Plan.........................126 Schedule of Contributions – Public Employee Pension Plan......................................................................................126 Schedule of the Proportionate Share of the Net Pension Liability – Law Enforcement Pension Plan........................127 Schedule of Contributions – Law Enforcement Pension Plan....................................................................................127 Schedule of the Proportionate Share of the Net Pension Liability – State Patrol, Game & Fish, Warden & Criminal Investigator Pension Plan............................................................................................................128 Schedule of Contributions – State Patrol, Game & Fish, Warden & Criminal Investigator Pension Plan...................128 Single-Employer Plans Schedule of Changes in the Net Pension Liability & Related Ratios – Judicial Pension Plan...................................130 Schedule of Contributions – Judicial Pension Plan....................................................................................................131 Schedule of Changes in the Net Pension Liability & Related Ratios – Air Guard Firefighters Pension Plan.............132 Schedule of Contributions – Air Guard Firefighters Pension Plan..............................................................................133 1 State of Wyoming Postemployment Benefits Other Than Pensions (OPEB) Cost-Sharing Multiple Employer Plan Schedule of the State of Wyoming’s Proportionate Share of Total OPEB Liability.....................................................135 Infrastructure Assets Reported Using the Modified Approach – Wyoming Department Of Transportation………..…136 Notes to Required Supplementary Information...........................................................................................................139 SUPPLEMENTARY INFORMATION Combining Balance Sheet – Nonmajor Governmental Funds.....................................................................................146 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds...................................................................................................................................................147 Combining Balance Sheet – Nonmajor Special Revenue Funds................................................................................148 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Special Revenue Funds..............................................................................................................................................152 Combining Balance Sheet – Nonmajor Permanent Trust Funds.................................................................................156 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Permanent Trust Funds...............................................................................................................................................157 Schedule of Revenues & Expenditures (Budget & Actual) – Budgeted Nonmajor Special Revenue Funds………………………………………………………………………………………………………..158 Schedule of Revenues & Expenditures (Budget & Actual) – Budgeted Major Permanent Trust Funds...............................................................................................................................................171 Schedule of Revenues & Expenditures (Budget & Actual) – Budgeted Other Governmental Funds..................................................................................................................................................172 Combining Statement of Net Position – Nonmajor Enterprise Funds........................................................................176 Combining Statement of Revenues, Expenses, and Changes in Net Position – Nonmajor Enterprise Funds..........178 Combining Statement of Cash Flows – Nonmajor Enterprise Funds.........................................................................180 Schedule of Revenues & Expenses (Budget & Actual) – Budgeted Major Enterprise Fund......................................182 Schedule of Revenues & Expenses (Budget & Actual) – Budgeted Nonmajor Enterprise Funds..............................183 Combining Statement of Net Position – Internal Service Funds.................................................................................186 Combining Statement of Revenues, Expenses, and Changes in Net Position – Internal Service Funds...................187 Combining Statement of Cash Flows – Internal Service Funds..................................................................................188 Schedule of Revenues & Expenses (Budget & Actual) – Budgeted Nonmajor Internal Service Funds......................189 Combining Statement of Fiduciary Net Position – Pension Trust Funds.....................................................................192 Combining Statement of Changes in Fiduciary Net Position – Pension Trust Funds..................................................194 Statement of Fiduciary Net Position – Private-Purpose Trust Fund............................................................................196 Statement of Changes in Fiduciary Net Position – Private-Purpose Trust Fund.........................................................196 Schedule of Revenues & Expenditures (Budget & Actual) – Budgeted Private-Purpose Trust Fund.........................197 Combining Statement of Changes in Fiduciary Assets and Liabilities – Agency Funds.............................................198 Combining Statement of Net Position – Nonmajor Component Units.........................................................................201 Combining Statement of Activities – Nonmajor Component Units..............................................................................202 STATISTICAL SECTION - (UNAUDITED) Schedule 1-Changes in Net Position...........................................................................................................................206