OKLAHOMA 2000 Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2000 Frank Keating Governor Prepared by Office of State Finance Tom Daxon, Director Mark A. Meadors, State Comptroller The Oklahoma Comprehensive Annual Financial The Office of State Finance would appreciate Report is an annual publication of the Oklahoma credit for any reprint. Office of State Finance and is prepared by the Division of Central Accounting & Reporting. Requests for additional copies, comments or questions may be directed to Shawn Ashley, This publication is issued under authority of the Office of State Finance, 2300 North Lincoln Office of State Finance. Pursuant to 74 O.S. Blvd., Suite 122, Oklahoma City, Oklahoma 1992, Section 3105, 1100 copies have been 73105. prepared and distributed at a cost of $11,600.00. TABLE OF CONTENTS Page INTRODUCTORY SECTION Letter of Transmittal .............................................................................................................................................................7 Certificate of Achievement for Excellence in Financial Reporting.....................................................................................18 Selected Oklahoma State Officials......................................................................................................................................19 State Organizational Chart ..................................................................................................................................................20 FINANCIAL SECTION INDEPENDENT AUDITORS REPORT............................................................................................................................23 GENERAL PURPOSE FINANCIAL STATEMENTS Combined Balance Sheet All Fund Types, Account Groups and Discretely Presented Component Units ..................................................................28 Combined Statement of Revenues, Expenditures and Changes in Fund Balances All Governmental Fund Types, Expendable Trust Fund and Discretely Presented Governmental Component Unit..........32 Combined Statement of Revenues, Expenditures and Changes in Fund Balance Budget to Actual (Non-GAAP Budgetary Basis) General Fund .........................................................................................35 Combined Statement of Revenues, Expenses and Changes in Retained Earnings/Fund Balances Proprietary Fund Type, Nonexpendable Trust Funds and Discretely Presented Proprietary Component Units .................36 Combined Statement of Cash Flows Proprietary Fund Type, Nonexpendable Trust Funds and Discretely Presented Proprietary Component Units .................38 Combined Statement of Changes in Plan Net Assets Investment Trust Fund, Pension Trust Fund and Discretely Presented Fiduciary Component Units..................................42 Combined Statement of Changes in Fund Balances Component Unit - Higher Education Funds........................................................................................................................44 Combined Statement of Current Funds, Revenues, Expenditures and Other Changes Component Unit - Higher Education Funds........................................................................................................................46 Notes to the Financial Statements .......................................................................................................................................49 SUPPLEMENTARY INFORMATION – BUDGETARY SCHEDULE Schedule of Expenditures and Intra-Agency Transfers-Detail Budget to Actual Comparison (Non-GAAP Budgetary Basis) - General Fund.................................................................105 COMBINING FINANCIAL STATEMENTS Trust and Agency Funds Descriptions .......................................................................................................................................................... 129 Combining Balance Sheet - Trust and Agency Funds........................................................................................... 130 Combining Balance Sheet - Nonexpendable Trust Funds..................................................................................... 132 Combining Statement of Revenues, Expenses and Changes in Fund Balances - Nonexpendable Trust Funds...................................................................................................... 133 Combining Statement of Cash Flows - Nonexpendable Trust Funds.................................................................... 134 Combining Statement of Assets and Liabilities - Agency Funds .......................................................................... 136 Combining Statement of Changes in Assets and Liabilities - Agency Funds........................................................ 138 Component Units Descriptions .......................................................................................................................................................... 143 Combining Balance Sheet ..................................................................................................................................... 144 Component Units - Proprietary Funds Descriptions .......................................................................................................................................................... 149 Combining Balance Sheet ..................................................................................................................................... 150 Combining Statement of Revenues, Expenses and Changes in Retained Earnings............................................... 154 Combining Statement of Cash Flows .................................................................................................................... 156 Component Unit - Fiduciary Funds Descriptions .......................................................................................................................................................... 163 Combining Statement of Plan Net Assets - Pension Trust Funds.......................................................................... 164 Combining Statement of Changes in Plan Net Assets - Pension Trust Funds....................................................... 166 Component Unit - Higher Education Funds Descriptions .......................................................................................................................................................... 171 Combining Balance Sheet ..................................................................................................................................... 172 STATISTICAL SECTION Cash Receipts and Disbursements .................................................................................................................................... 178 Tax Collections................................................................................................................................................................. 180 Gross Sales Tax by Industry ............................................................................................................................................. 182 Bank Deposits................................................................................................................................................................... 183 Assessed Valuations ......................................................................................................................................................... 184 Non-Agricultural Wage and Salary Employment ............................................................................................................. 184 State Colleges and Universities - Public........................................................................................................................... 186 State Colleges and Universities - Private.......................................................................................................................... 187 School Enrollments .......................................................................................................................................................... 188 Economic and Demographic Estimates ............................................................................................................................ 188 Major Employers by Size ................................................................................................................................................. 190 Net General Obligation Bonds and Notes Per Capita....................................................................................................... 192 Ratio of Annual Debt Service Expenditures for General Obligation Debt to Total General Governmental Expenditures...................................................................................... 192 Revenue Bond Coverage - Enterprise Fund and Proprietary Component Units............................................................... 193 INTRODUCTORY SECTION INTRODUCTORY SECTION December 29, 2000 To the Honorable Frank Keating, Governor Members of the Legislature, and Citizens of the State of Oklahoma The Office of State Finance is pleased to present the Comprehensive Annual Financial Report (CAFR) for the State of Oklahoma for the fiscal year ended June 30, 2000. This report, presented in three sections: Introductory, Financial, and Statistical, is the primary means of reporting the State government's financial