Cleveland Public Library • Cleveland, Ohio COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Year Ended December 31, 2019 1869-2019 Cleveland Public Library • Cleveland, Ohio COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Year Ended December 31, 2019 Issued by Carrie Krenicky, Chief Financial Officer INTRODUCTORY INTRODUCTORY CELEBRATING 150 YEARS OF SERVICE! Cleveland Public Library Comprehensive Annual Financial Report For the Year Ended December 31, 2019 Table of Contents Page I. Introductory Section Table of Contents .......................................................................................................................................... .i Letter of Transmittal ..................................................................................................................................... v List of Principal Officials ............................................................................................................................ xv Organizational Chart .................................................................................................................................. xvi GFOA Certificate of Achievement ........................................................................................................... xvii II. Financial Section Independent Auditor’s Report ....................................................................................................................... 1 Management’s Discussion and Analysis ....................................................................................................... 4 Basic Financial Statements Government-wide Financial Statements: Statement of Net Position .............................................................................................................. 14 Statement of Activities ................................................................................................................... 16 Fund Financial Statements: Balance Sheet – Governmental Funds ........................................................................................... 17 Reconciliation of Total Governmental Fund Balances to Net Position of Governmental Activities ............................................................................................ 18 Statement of Revenues, Expenditures and Changes In Fund Balances – Governmental Funds .... 19 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities ....................................... 20 Statement of Revenues, Expenditures and Changes in Fund Balance – Budget (Non-GAAP Basis) and Actual General Fund ........................................................................................................................ 21 CLEVNET Fund .................................................................................................................. 22 Statement of Fiduciary Assets and Liabilities – Custodial Fund ................................................... 23 Statement of Changes in Fiduciary Net Position – Custodial Fund ............................................... 24 Notes to the Basic Financial Statements .............................................................................................. 25 - i - Cleveland Public Library Comprehensive Annual Financial Report For the Year Ended December 31, 2019 Table of Contents (continued) Required Supplementary Information Schedule of the Library's Proportionate Share of the Net Pension Liability – Ohio Public Employees Retirement System - Traditional Plan – Last Six Years ............................ 70 Schedule of the Library's Proportionate Share of the Net Pension Asset – Ohio Public Employees Retirement System - Combined Plan – Last Two Years ........................... 72 Schedule of the Library's Proportionate Share of the Net OPEB Liability – Ohio Public Employees Retirement System - OPEB Plan – Last Three Years ................................ 73 Schedule of Library Contributions – Ohio Public Employees Retirement System - Last Seven Years ...................................................... 74 Notes to Required Supplementary Information .................................................................................. 76 Combining and Individual Fund Statements and Schedules: Combining Statements – Nonmajor Governmental Funds: Fund Descriptions .......................................................................................................................... 78 Combining Balance Sheet – Nonmajor Governmental Funds ....................................................... 84 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds ....................................................................... 85 Combining Balance Sheet – Nonmajor Special Revenue Funds ................................................... 86 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Special Revenue Funds ................................................................... 91 Combining Balance Sheet – Nonmajor Permanent Funds ............................................................. 96 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Permanent Funds ............................................................................. 99 - ii - Cleveland Public Library Comprehensive Annual Financial Report For the Year Ended December 31, 2019 Table of Contents (continued) Individual Fund Schedules of Revenues, Expenditures/Expenses and Changes in Fund Balance/Equity – Budget (Non-GAAP Basis) and Actual Major Funds General Fund ................................................................................................................................ 104 CLEVNET Fund .......................................................................................................................... 105 Construction Fund ........................................................................................................................ 106 Nonmajor Funds Anderson Fund ............................................................................................................................. 107 Endowment for the Blind Fund .................................................................................................... 108 Founders Fund ............................................................................................................................. 109 Kaiser Fund ................................................................................................................................. 110 Kraley Fund ................................................................................................................................. 111 Library Fund ................................................................................................................................ 112 Pepke Fund ................................................................................................................................. 113 Wickwire Fund ............................................................................................................................ 114 Wittke Fund ................................................................................................................................. 115 Young Fund ................................................................................................................................. 116 Friends Fund ................................................................................................................................ 117 Judd Fund ................................................................................................................................. 118 Ohio Library for the Blind and Physically Disabled (OLBPD) Fund .......................................... 119 Lockwood Thompson Memorial Fund ........................................................................................ 120 Ohio Center for the Book Fund ................................................................................................... 121 Schweinfurth Fund ....................................................................................................................... 122 Learning Centers Fund ................................................................................................................. 123 MyCom Fund ............................................................................................................................... 124 Early Literacy Fund ..................................................................................................................... 125 Tech Centers Fund ....................................................................................................................... 126 Rice Solar Panel System Fund ..................................................................................................... 127 Debt Service Fund........................................................................................................................ 128 Building and Repair Fund ............................................................................................................ 129 Abel Fund ................................................................................................................................. 130 Ambler Fund ...............................................................................................................................