TheCityofLasVegas Comprehensive" Annual"Financial" Report For"the"Fiscal"Year Ended"June"30,"2016 FORTHEFISC LYE RENDEDJUNE30,2016 PREP REDBY:THEDEP RTMENTOFFIN NCE VENETT PPLEY RD,DIRECTOR CITYOFL SVEG S 49 S.M INSTREET L SVEG S,NEV D 89101 INTRODUCTORY SECTION INTRODUCTORYSECTION CITY OF LAS VEGAS, NEVADA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2016 TABLE OF CONTENTS INTRODUCTORY SECTION ...................................................Letter of Transmittal .........................................................................................................................................................5 .................................................... ...................................................GFOA Certificate of Achievement................................................... for Excellence in Financial................................................... Reporting ...................................................11 .................................................... ...................................................City of Las Vegas Table of................................................... Organization by Function and Activity......................................................................................................12 .................................................... ...................................................City of Las Vegas Officials.........................................................................................................................................................13 .................................................... FINANCIAL SECTION ...................................................Independent Auditors' Report.........................................................................................................................................................17 .................................................... ...................................................Management's Discussion ...................................................and Analysis ......................................................................................................19 .................................................... Basic Financial Statements: Government-wide Financial Statements: ...................................................Statement of Net Position.........................................................................................................................................................34 .................................................... ...................................................Statement of Activities.........................................................................................................................................................36 .................................................... Fund Financial Statements: ...................................................Balance Sheet - Governmental................................................... Funds ......................................................................................................38 .................................................... ...................................................Reconciliation of the................................................... Balance Sheet of Governmental................................................... Funds to the Statement of Net Position...................................................39 .................................................... Statement of Revenues, Expenditures and Changes in Fund Balances- ...................................................Governmental Funds.........................................................................................................................................................40 .................................................... Reconciliation of the Statement of Revenues, Expenditures and Changes in ...................................................Fund Balances of Governmental................................................... Funds to the Statemen...................................................t of Activities ...................................................41 .................................................... ...................................................Budget and Actual-General................................................... Fund ......................................................................................................42 .................................................... ...................................................Statement of Net Position................................................... - Proprietary Funds ......................................................................................................44 .................................................... ...................................................Statement of Revenues,................................................... Expenses and Changes in Fund................................................... Net Position - Proprietary Funds...................................................46 .................................................... ...................................................Statement of Cash Flows................................................... - Proprietary Funds ......................................................................................................47 .................................................... ...................................................Statement of Fiduciary................................................... Net Position - Fiduciary Funds......................................................................................................49 .................................................... ...................................................Notes to the Basic Financial................................................... Statements ......................................................................................................50 .................................................... Required Supplementary Information ...................................................Schedule of Funding Progress................................................... for the City of Las Vegas-Postemployment................................................... Healthcare Plan...................................................111 .................................................... ...................................................Schedule of Changes in................................................... Net Pension Liability and Schedule................................................... of Contributions ...................................................112 .................................................... COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES SECTION Major Governmental Funds: Schedule of Revenues, Expenditures and Changes in Fund Balances (Budget Basis) - Budget and Actual by Function and Activity: ...................................................General Fund .........................................................................................................................................................118 .................................................... Statement of Revenues, Expenditures and Changes in Fund Balances (Budget Basis) - Reconciliation to Combine General Fund and Fiscal Stabilization Fund to General Fund as reported on the Statement of Revenues, Expenditures and Changes in Fund Balances - ...................................................Governmental Funds.........................................................................................................................................................126 .................................................... ...................................................Road and Flood Capital................................................... Projects Fund ......................................................................................................127 .................................................... ...................................................Debt Service .........................................................................................................................................................128 .................................................... Nonmajor Governmental Funds: ...................................................Combining Balance Sheet................................................... - Nonmajor Governmental................................................... Funds ...................................................134 .................................................... Combining Statement of Revenues, Expenditures and Changes in Fund ...................................................Balances - Nonmajor................................................... Governmental Funds ......................................................................................................140 .................................................... Schedule of Revenues, Expenditures and Changes in Fund Balances (Budget Basis) - Budget and Actual: ...................................................Multipurpose Special................................................... Revenue Fund ......................................................................................................146 .................................................... 1 CITY OF LAS VEGAS, NEVADA