Comprehensive Annual Financial Report of the CITY OF TAMPA, FLORIDA for the Fiscal Year Ended September 30, 2020 Jane Castor Mayor Dennis R. Rogero, Jr., CGFO Chief Financial Officer Lee Huffstutler, CPA, CGFO Chief Accountant Prepared by the Department of Revenue and Finance Please visit us at https://www.tampagov.net Table of Contents INTRODUCTORY SECTION Letter of Transmittal..................................................................................................................................................................... 1 Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting............... 13 Mayor of Tampa and Organization Chart..................................................................................................................................... 15 Tampa City Council Members...................................................................................................................................................... 17 FINANCIAL SECTION Independent Auditor's Report...................................................................................................................................................... 21 Management’s Discussion and Analysis (MD&A)........................................................................................................................ 27 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position....................................................................................................................................................... 47 Statement of Activities............................................................................................................................................................ 48 Fund Financial Statements: Balance Sheet – Governmental Funds................................................................................................................................... 55 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position............................................. 56 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds.......................................... 57 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities................................................................................................................................................. 58 Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual – General Fund..................... 59 Statement of Net Position – Proprietary Funds...................................................................................................................... 65 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds............................................... 67 Statement of Cash Flows – Proprietary Funds....................................................................................................................... 69 Statement of Fiduciary Net Position – Fiduciary Funds.......................................................................................................... 75 Statement of Changes in Fiduciary Net Position – Pension Trust Funds............................................................................... 77 Notes to the Financial Statements............................................................................................................................................... 83 Required Supplementary Information: Schedule of Changes in Other Post-Employment Benefits (OPEB) Liability and Related Ratios............................................... 167 Schedule of Investment Returns................................................................................................................................................. 169 Schedules of Changes in the Net Pension Liability (NPL) and Related Ratios........................................................................... 171 Schedules of Contributions......................................................................................................................................................... 177 Combining and Individual Fund Financial Statements and Schedules: Combining Balance Sheet – General Fund ............................................................................................................................... 183 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – General Fund....................................... 185 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual – General Fund........................... 187 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual – Utility Services Tax Fund......... 189 Combining Balance Sheet – Nonmajor Governmental Funds.................................................................................................... 191 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds........... 193 Combining Balance Sheet – Nonmajor Governmental Funds – Special Revenue Funds.......................................................... 197 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds – Special Revenue Funds........................................................................................................................................................ 203 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual – Nonmajor Governmental Funds – Special Revenue Funds.......................................................................................................................................... 209 i Table of Contents (Continued) Combining Balance Sheet – Nonmajor Governmental Funds – Debt Service Funds................................................................. 221 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds – Debt Service Funds............................................................................................................................................................... 223 Combining Balance Sheet – Nonmajor Governmental Funds – Capital Projects Funds............................................................ 227 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds – Capital Projects Funds........................................................................................................................................................... 231 Combining Statement of Net Position – Nonmajor Enterprise Funds......................................................................................... 239 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position – Nonmajor Enterprise Funds.................. 241 Combining Statement of Cash Flows – Nonmajor Enterprise Funds.......................................................................................... 243 Combining Statement of Net Position – Internal Service Funds................................................................................................. 249 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position – Internal Service Funds.......................... 251 Combining Statement of Cash Flows – Internal Service Funds.................................................................................................. 253 Combining Statement of Fiduciary Net Position – Pension Trust Funds.................................................................................... 259 Combining Statement of Changes in Fiduciary Net Position – Pension Trust Funds................................................................. 261 Combining Statement of Fiduciary Net Position – Other Agency Funds..................................................................................... 263 Statement of Changes in Assets and Liabilities – Rehabilitation Loans Agency Fund .............................................................. 265 Statement of Changes in Assets and Liabilities – Other Agency Funds..................................................................................... 266 Other Supplemental Information: Deepwater Horizon British Petroleum (BP) Settlement: Schedule of Receipts and Expenditures of Funds Related to the Deepwater Horizon Settlement......................................... 271 U.S. Classic Courthouse: Schedule of Revenues and Expenditures.............................................................................................................................. 275 STATISTICAL SECTION Net Position by Component – Last Ten Fiscal Years.................................................................................................................. 281 Changes in Net Position – Last Ten Fiscal Years....................................................................................................................... 282 Fund Balances of Governmental Funds – Last Ten Fiscal Years............................................................................................... 284 Changes in Fund Balances of Governmental Funds – Last Ten Fiscal Years...........................................................................