–––––––– 20 19 City of Gainesville, Florida Comprehensive Annual Financial Report For the Fiscal Year Ended September 30, 2019 CITY OF GAINESVILLE, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019 Prepared by Department of Finance LISTING OF CITY OFFICALS As of 9/30/2019 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 Deborah Bowie City Manager (Interim) Edward Bielarski General Manager for Utilities Nicolle Shalley City Attorney Omichele Gainey Clerk of the Commission Vacant City Auditor Teneeshia Marshall Equal Opportunity Director BUDGET & FINANCE PROGRAM STAFF Diane Wilson Finance Director (Interim) Carla Benison Accounting Manager Vacant Grants Fiscal Coordinator Sandra Frankenberger Accountant, Senior Sylvia Gonzalez Accountant II Kristy Fowler Accountant II Karen Pinner Accountant II Christina Holmes Account Clerk, Sr. INTRODUCTORY SECTION CITY OF GAINESVILLE, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019 TABLE OF CONTENTS I. INTRODUCTORY SECTION Table of Contents ............................................................................................................................................. i‐iv Letter of Transmittal ....................................................................................................................................... v‐ix Certificate of Achievement for Excellence in Financial Reporting ...................................................................... x Organization Chart ............................................................................................................................................. xi II. FINANCIAL SECTION Independent Auditor’s 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 ............................................................................................................... 31‐110 Required Supplementary Information Schedule of Revenues and Expenditures – Budget and Actual – General Fund ........................................................................................................................................... 111 Notes to Schedule of Revenues and Expenditures – Budget and Actual – General Fund ........................................................................................................................................... 112 i CITY OF GAINESVILLE, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019 TABLE OF CONTENTS II. FINANCIAL SECTION Required Supplementary Information Employees’ Pension Plan: Schedules of Changes in City’s Net Pension Liability and Related Ratios ...................................................................................................................................... 113 Schedules of City Contributions ............................................................................................................... 114 Police Officers’ and Firefighters’ Consolidated Retirement Plan: Schedules of Changes in City’s Net Pension Liability and Related Ratios ...................................................................................................................................... 115 Schedules of Police Officers’ and Firefighters’ Consolidated Pension Plan Employer Contributions .................................................................................................. 116 Schedule of Annual Money‐Weighted Rate of Return – Pension Plans ...................................................... 117 Florida Retirement System (FRS): Schedules of Proportionate Share of the Net Pension Liability ............................................................... 118 Schedules of Employer Contributions ...................................................................................................... 119 Other Postemployment Benefits (OPEB) Plan: Schedules of Changes in City’s Net OPEB Liability and Related Ratios ................................................... 120 Schedules of City Contributions ............................................................................................................... 121 Schedule of Annual Money‐Weighted Rate of Return ............................................................................ 122 Supplementary Information Non‐Major Governmental Funds Descriptions Combining Balance Sheet – Non‐Major Governmental Funds .............................................................123‐140 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Non‐Major Governmental Funds ...........................................................................141‐159 Schedule of Revenues and Expenditures – Budget and Actual: Community Development Block Grant Fund ........................................................................................... 160 Urban Development Action Grant Fund .................................................................................................. 161 Home Grant Fund .................................................................................................................................... 162 Cultural and Nature Projects Fund .......................................................................................................... 163 State Law Enforcement Contraband Forfeiture Fund .............................................................................. 164 Federal Law Enforcement Contraband Forfeiture Fund .......................................................................... 165 Police Billable Overtime Fund .................................................................................................................. 166 Community Redevelopment Agency Fund .............................................................................................. 167 Street, Sidewalk, and Ditch Improvement Fund ...................................................................................... 168 Economic Development Fund .................................................................................................................. 169 Miscellaneous Grants Fund ..................................................................................................................... 170 Transportation Concurrency Exception Area Fund .................................................................................. 171 Water/Wastewater Surcharge Infrastructure Fund ................................................................................ 172 Tree Mitigation Fund ............................................................................................................................... 173 Hurricane Irma 2017