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$FFRUGDQFHZLWK*RYHUQPHQW$XGLWLQJ6WDQGDUGV o ,QGHSHQGHQW$FFRXQWDQW¶V5HSRUW o 0DQDJHPHQW /HWWHU LQ $FFRUGDQFH ZLWK WKH 5XOHV RI WKH $XGLWRU*HQHUDORIWKH6WDWHRI)ORULGD 3$57, %52:$5'&2817< 2 01 6 Comprehensive Annual Financial Report Broward County, Florida Fiscal Year Ended September 30, 2016 Broward On THE MOVE BROWARD COUNTY COMMISSION DISTRICTD 1 MartyM Kiar Broward On FY16F Mayor THE MOVE FFY15 Vice Mayor The theme of this year’s Comprehensive Annual Financial Report, “Broward on the Move,” highlights Broward County’s progress toward a world-class intermodal transportation system. The Report highlights projects that were accomplished in Fiscal Year 2016, in our transit DISTRICTD 2 MarkM D. Bogen system, seaport, airport, and on our roadways. These investments 954-357-70029 in transportation and infrastructure benefit our economy and our FFax 954-357-7295 environment, and enable residents and visitors to travel easily and [email protected] safely throughout our community, “from sawgrass to seagrass.” Commission Values: DISTRICTD 3 Cooperatively delivering an efficient and accessible regional StacyS Ritter intermodal transportation network Cultivating community culture, arts, recreation and life-long learning DISTRICTD 4 Approaching human services collaboratively and ChipC LaMarca compassionately, with special emphasis on persons and families 954-357-70049 FaxF 954-357-7798 experiencing homelessness [email protected] Encouraging investments in renewable energy, sustainable practices and environmental protection DISTRICTD 5 LoisL Wexler Ensuring economic opportunities for all people and businesses in Broward Offering sustainable, compatible, innovative housing options for all income-levels, including integrated supportive housing and rapid-rehousing DISTRICTD 6 BeamB Furr Consistently delivering responsive, efficient, quality services to FY16F Vice Mayor 9954-357-7006 the public and internal customers FFax 954-357-7129 [email protected] Prominently branding “Broward” on County property, programs and services DISTRICTD 7 TimT Ryan 954-357-70079 FaxF 954-357-5707 [email protected] Welcome DISTRICTD 1 DISTRICTD 8 NanN H. Rich BarbaraB Sharief 954-357-70019 FY16F Vice Mayor FFax 954-357-7295 DISTRICTD 3 9954-357-7008 [email protected] MichaelM Udine FFax 954-357-5704 954-357-70039 [email protected] FFax 954-357-7044 [email protected] DISTRICTD 9 DISTRICTD 5 DaleD V.C. Holness SteveS Geller 954-357-70099 954-357-70059 FaxF 954-357-7295 FaxF 954-357-7319 [email protected] [email protected] 2016 Comprehensive Annual Financial Report Broward County, Florida Prepared by: Finance and Administrative Services Department Fiscal Year Ended *HRUJH7DEODFN&3$&KLHI)LQDQFLDO2IÀFHU September 30, 2016 Accounting Division Susan L. Friend, CPA, Director Broward On THE MOVE Broward County, Florida COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended September 30, 2016 TABLE OF CONTENTS INTRODUCTORY SECTION County Administrator’s Message i Letter of Transmittal ii Certificate of Achievement x Organizational Chart xi FINANCIAL SECTION Independent Auditor's Report 1 Management’s Discussion and Analysis 5 Basic Financial Statements Government-Wide Financial Statements Statement of Net Position 16 Statement of Activities 17 Fund Financial Statements Governmental Funds Financial Statements Balance Sheet 18 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position 19 Statement of Revenues, Expenditures, and Changes in Fund Balances 20 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities 21 Proprietary Funds Financial Statements Statement of Net Position 22 Statement of Revenues, Expenses, and Changes in Net Position 24 Statement of Cash Flows 25 Fiduciary Funds Financial Statements Statement of Fiduciary Assets and Liabilities - Agency Funds 27 Component Units Financial Statements Statement of Net Position 28 Statement of Activities 29 Notes to Financial Statements 30 Required Supplementary Information Budgetary Comparison Schedules - Major Funds General Fund 69 Sheriff Contractual Services Fund 71 Florida Retirement System Pension Plan - Schedule of Proportionate Share of the Net Pension Liability 72 Florida Retirement System Pension Plan - Schedule of Contributions 72 Florida Retirement System Health Insurance Subsidy Pension Plan - Schedule of Proportionate Share of the Net Pension Liability 73 Florida Retirement System Health Insurance Subsidy Pension Plan - Schedule