Comprehensive Annual Financial Report For the year ENDED DECEMBER 31, Comprehensive Annual Financial Report For the year ended December 31, 2019 CITY OF DUNWOODY, GEORGIA 2 CITY OF DUNWOODY, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2019 Prepared by: Finance Department Submitted by: Eric Linton City Manager COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2019 TABLE OF CONTENTS INTRODUCTORY SECTION UNAUDITED Letter of Transmittal ....................................................................................................................................................................................................8 Certificate of Achievement ..........................................................................................................................................................................................17 Organizational Chart .................................................................................................................................................................................................18 Listing of Elected Officials ...........................................................................................................................................................................................19 Listing of Principal Appointed Officials .........................................................................................................................................................................20 FINANCIAL SECTION Independent Auditor’s Report .................................................................................................................................................................................24-26 Management’s Discussion and Analysis ..................................................................................................................................................................28-37 Basic Financial Statements: Government-wide Financial Statements Statement of Net Position .....................................................................................................................................................................38 Statement of Activities ..........................................................................................................................................................................39 Fund Financial Statements Balance Sheet – Governmental Funds ...................................................................................................................................................40 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds ...................................................................................................................................................41 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities ...............................................................................................42 Statement of Net Position – Proprietary Fund .........................................................................................................................................43 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Fund ...........................................................................................................................................................44 Statement of Cash Flows – Proprietary Fund ..........................................................................................................................................45 Statement of Fiduciary Assets and Liabilities – Agency Fund ...................................................................................................................46 Notes to Financial Statements...................................................................................................................................................................47-65 CITY OF DUNWOODY, GEORGIA 4 Required Supplementary Information: General Fund – Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis) ..................................................................................................................................68 Grants Fund – Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual (GAAP Basis) ..............................................................................................................................69 SPLOST Fund – Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual (GAAP Basis) ..................................................................................................................................70 Hotel/Motel Fund Fund – Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual (GAAP Basis) ..............................................................................................................................71 Combining and Individual Fund Statements and Schedules: Combining Balance Sheet – Nonmajor Governmental Funds ..........................................................................................................................72 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds .........................................................................................................................................73 Combining and Individual Fund Statements and Schedules (Continued): Motor Vehicle Excise Tax Fund – Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual (GAAP Basis) ..............................................................................................................................74 E911 Fund – Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual (GAAP Basis) ..............................................................................................................................75 Confiscated Assets Fund – Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget to Actual (GAAP Basis) .................................................................................................................................76 Urban Redevelopment Agency Fund – Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis) ..................................................................................................................................77 Debt Service Fund – Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis) ..................................................................................................................................78 Schedule of Projects Constructed with Special Purpose Local Option Sales Tax Proceeds...............................................................................................................................................................................79 Statement of Changes in Assets and Liabilities – Agency Fund .........................................................................................................................82 Balance Sheet – Component Unit – Convention and Visitors Bureau of Dunwoody ...........................................................................................82 Statement of Revenues, Expenditures and Changes in Fund Balances – Component Unit – Convention and Visitors Bureau of Dunwoody ..........................................................................................83 5 COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2019 STATISTICAL SECTION UNAUDITED Net Position by Component .........................................................................................................................................................................................87 Changes in Net Position ..............................................................................................................................................................................................88 Governmental Activities Tax Revenues by Source...........................................................................................................................................................90 Fund Balances of Governmental Funds ........................................................................................................................................................................91 Changes in Fund Balances of Governmental Funds ......................................................................................................................................................92 General Governmental Tax Revenues by Source ...........................................................................................................................................................93 Assessed Value and Estimated Actual Value of Taxable Property.....................................................................................................................................94 Property Tax Rates, Direct and Overlapping Governments .............................................................................................................................................95 Principal Property Taxpayers ........................................................................................................................................................................................96