Comprehensive Annual Financial Report For the year ended December 31, 2018 Prepared By: The Augusta, Georgia Finance Department Donna B. Williams, CGFM Director of Finance AUGUSTA, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2018 Prepared by: Augusta, Georgia Finance Department Donna Williams, CGFM Director of Finance AUGUSTA, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2018 TABLE OF CONTENTS Page INTRODUCTORY SECTION Letter of Transmittal – Finance Director .......................................................................................................... i – vi GFOA Certificate ..................................................................................................................................................... vii Organizational Chart ............................................................................................................................................ viii Listing of Principal Officials ....................................................................................................................... ix and x FINANCIAL SECTION Independent Auditor's Report ........................................................................................................................1 – 5 Management’s Discussion and Analysis ....................................................................................................6 – 20 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ............................................................................................................. 21 and 22 Statement of Activities .................................................................................................................. 23 and 24 Fund Financial Statements Balance Sheet – Governmental Funds ......................................................................................................25 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position ..........................................................................................................................................26 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds ...........................................................................................................27 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities .............................................28 General Fund – Statement of Revenues, Expenditures and Changes in Fund Balances – Budget (GAAP Basis) and Actual ..............................................................................29 Fire Protection Fund – Statement of Revenues, Expenditures and Changes in Fund Balances – Budget (GAAP Basis) and Actual........................................................................................30 Statement of Net Position – Proprietary Funds ........................................................................................31 Statement of Revenues, Expenses and Changes in Fund Net Position – Proprietary Funds ..................................................................................................................32 Statement of Cash Flows – Proprietary Funds ............................................................................ 33 and 34 Statement of Fiduciary Net Position – Fiduciary Funds ..........................................................................35 Statement of Changes in Fiduciary Net Position – Fiduciary Funds ......................................................36 Notes to Financial Statements ..............................................................................................................37 – 110 Required Supplementary Information: Schedule of Changes in the Government’s Total OPEB Liability and Related Ratios ............................111 Schedule of Changes in the Government’s Net Pension Liability and Related Ratios – 1945 Plan ....................................................................................................................112 Schedule of Changes in the Government’s Net Pension Liability and Related Ratios – General Retirement Plan ..........................................................................................113 Schedule of Changes in the Government’s Net Pension Liability and Related Ratios – Georgia Municipal Employees Benefit System Plan .............................................114 AUGUSTA, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2018 TABLE OF CONTENTS (CONTINUED) Page FINANCIAL SECTION (CONTINUED) Required Supplementary Information (Continued): Schedule of Government Contributions – 1945 Plan .................................................................................115 Schedule of Government Contributions – General Retirement Plan ........................................................116 Schedule of Government Contributions – Georgia Municipal Employees Benefit System Plan ...........117 Schedule of Pension Investment Returns – 1945 Plan ...............................................................................118 Schedule of Pension Investment Returns – General Retirement Plan .....................................................119 Combining and Individual Fund Statements and Schedules: Nonmajor Governmental Funds Combining Balance Sheet – Nonmajor Governmental Funds ..............................................................120 Combining Statement of Revenues, Expenditures and Changes In Fund Balances – Nonmajor Governmental Funds .........................................................................121 Combining Balance Sheet – Nonmajor Special Revenue Funds ................................................122 – 126 Combining Statement of Revenues, Expenditures and Changes In Fund Balances – Nonmajor Special Revenue Funds ...........................................................127 – 131 Budgetary Compliance – Special Revenue Funds Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Urban Services District ....................................................................132 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Emergency Telephone System .......................................................133 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Tax Allocation District 2 ...................................................................134 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Tax Allocation District 3 ...................................................................135 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Tax Allocation District 4 ...................................................................136 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Occupational Tax ..............................................................................137 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Special Assessment .........................................................................138 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Hotel/Motel Tax and Promotion/Tourism .......................................139 AUGUSTA, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2018 TABLE OF CONTENTS (CONTINUED) Page FINANCIAL SECTION (CONTINUED) Combining and Individual Fund Statements and Schedules (Continued) Budgetary Compliance – Special Revenue Funds (Continued) Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Housing and Neighborhood Development ....................................140 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Urban Development Action Grant ...................................................141 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Federal Drug Fund ............................................................................142 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – State Drug Fund ................................................................................143 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Downtown Development ..................................................................144 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Convention Center ...........................................................................145 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Law Library .......................................................................................146 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – 5% Victim’s Crime Assistance .........................................................147 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Supplemental Juvenile Services .....................................................148 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Building Inspection ..........................................................................149