PHOTO DESCRIPTIONS FROM UPPER RIGHT TO LOWER LEFT Arts Garden The Indianapolis Artsgarden is a performance and exhibition space for the local arts community and connects downtown hotels, office buildings, RCA Dome and the convention center to the Circle Center Mall. The Circle Center Mall is one of many public-private partnerships for which Indianapolis is renowned. The construction of the Circle Center Mall incorporated 11 historical buildings and facades. This architectural design helped to maintain the “Main Street” ambiance of the Indianapolis downtown. (Photo courtesy of the Indianapolis Convention and Visitor’s Association) Indianapolis Police Department Officer and Mayor Mayor Bart Peterson shakes hands with one of the Indianapolis Police Department’s newest officers. The graduating recruit class pictured helps fulfill Mayor Peterson’s pledge to add 200 additional officers to IPD. Market Street Facing West Facing west down Market Street in downtown Indianapolis, one of the City’s landmarks—The Soldiers and Sailor’s Monument—is clearly visible. The monument memorializes the lives and dedication of Indiana’s Civil War veterans. The monument was originally designed by Bruno Schmitz of Germany and completed by Rudolf Schwarz of Austria. To the right in the middle foreground is the Indianapolis City Market, another downtown attraction. The City Market’s history is one of entrepreneurship and good food. From the middle 19th century to early 20th century the Market thrived as a source of fresh produce, meat, fish, poultry, dairy and bakery products. In recent years the City Market has rediscovered this heritage and provides good food to persons shopping and lunching downtown. (Photo courtesy of the Indianapolis Convention and Visitor’s Association) Snow Plows The removal of snow from Indianapolis streets during the winter months is one of the fundamental responsibilities of local government. Each year Indianapolis school children paint the blades of the City’s snowplows to represent a theme. Thirty-four snowplows were painted in the winter of 2002-2003 by 11 schools from across Indianapolis, selected at random to participate. Approximately 1400 students participated in this past winter’s theme, “The Fabulous Fall.” Washington Street Bridge This photograph looks east at the Old Washington Street Bridge, a pedestrian crossing in the White River State Park. The Old Washington Street Bridge connects the east and west banks of the White River to form the Park. Situated in White River State Park are cultural, educational and recreational attractions. The NCAA Hall of Champions is visible in the middle foreground left, other attractions in the Park include the Indianapolis Zoo, White River Gardens, the Eiteljorg Museum of American Indians and Western Art and the Congressional Medal of Honor Memorial. (Photo courtesy of the Indianapolis Convention and Visitor’s Association) COMPREHENSIVE ANNUAL FINANCIAL REPORT City of Indianapolis, Indiana (Component Unit of the Consolidated City of Indianapolis-Marion County) Year Ended December 31, 2002 Office of the City Controller I (This page intentionally left blank) TABLE OF CONTENTS Page(s) I. INTRODUCTORY SECTION Table of Contents II - IV Letter of Transmittal V - VIII Certificate of Achievement for Excellence in Financial Reporting IX Organization of Local Government and Taxing Districts Introduction X Form of Government X- XI Other Governmental Units XI - XII Maps XII - XIII Unigov Organization Chart – Consolidated Government for Indianapolis - Marion County XIV City of Indianapolis Organization Chart XV Schedule of Elected and Appointed Officials XVI – XVII Consolidated City Operations XVIII - XXVIII II. FINANCIAL SECTION REPORT OF INDEPENDENT AUDITORS 1-2 MANAGEMENT’S DISCUSSION AND ANALYSIS – REQUIRED SUPPLEMENTARY INFORMATION 3 - 14 BASIC FINANCIAL STATEMENTS: Government-wide Financial Statements: Statement of Net Assets 15 – 16 Statement of Activities 17 Fund Financial Statements: Balance Sheet – Governmental Funds 18 Reconciliation of the Balance Sheet for Governmental Funds to the Statement of Net Assets 19 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds 20-21 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 22 Statement of Net Assets – Proprietary Funds 23 – 24 II III TABLE OF CONTENTS (continued) Page(s) Statement of Revenues, Expenses and Changes in Fund Net Assets – Proprietary Funds 25 Statement of Cash Flows – Proprietary Funds 26 – 28 Statement of Fiduciary Net Assets – Fiduciary Funds 29 Statement of Changes in Fiduciary Net Assets – Fiduciary Funds 30 Notes to Financial Statements 31 – 74 REQUIRED SUPPLEMENTARY INFORMATION Budgetary Comparison Information: Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – General Fund 75 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Federal Grants Special Revenue Fund 76 Schedules of Funding Progress 77 Schedule of Employer Contributions 78 Notes to Required Supplementary Information 79 – 82 COMBINING AND NONMAJOR INDIVIDUAL FUND FINANCIAL STATEMENTS AND SCHEDULES – OTHER SUPPLEMENTARY INFORMATION Combining Balance Sheet – Nonmajor Governmental Funds by Fund Type 83 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds by Fund Type 84 Schedule of Sub-Fund Assets, Liabilities and Fund Balance – General Fund 86 – 87 Schedule of Sub-Fund Revenues, Expenditures and Changes in Fund Balance – General Fund 88 – 89 Schedule of Sub-Fund Revenues, Expenditures and Changes in Fund Balance – General Fund – Budget and Actual – Budgetary Basis 90 – 93 Schedule of Expenditures by Character – General Fund – Budget and Actual – Budgetary Basis 94 – 106 Combining Balance Sheet – Nonmajor Special Revenue Funds 108 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Special Revenue Funds 109 Combining Schedule of Revenues, Expenditures and Changes in Unreserved Fund Balances (Deficits) – Special Revenue Funds – Budget and Actual – Budgetary Basis 110 Schedule of Expenditures by Character – Special Revenue Funds – Budget and Actual – Budgetary Basis 111 – 114 Combining Balance Sheet – Nonmajor Debt Service Funds 116 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Debt Service Funds 117 Combining Schedule of Revenues, Expenditures and Changes in Unreserved Fund Balances – Debt Service Funds – Budget and Actual – Budgetary Basis 118 – 120 TABLE OF CONTENTS (continued) Page(s) Schedule of Expenditures by Character – Debt Service Funds – Budget and Actual – Budgetary Basis 121 Combining Balance Sheet – Nonmajor Capital Projects Funds 123 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Capital Projects Funds 124 Combining Schedule of Revenues, Expenditures and Changes in Unreserved Fund Balances – Annually-Budgeted Capital Projects Funds – Budget and Actual – Budgetary Basis 125 Schedule of Expenditures by Character – Annually-Budgeted Capital Projects Funds – Budget and Actual – Budgetary Basis 126 – 127 Combining Statement of Net Assets – Internal Service Funds 129 Combining Statement of Revenues, Expenses and Changes in Fund Net Assets – Internal Service Funds 130 Combining Statement of Cash Flows – Internal Service Funds 131 Combining Statement of Fiduciary Net Assets – Fiduciary Funds 133 Combining Statement of Changes in Fiduciary Net Assets – Fiduciary Funds – Police and Firefighter Pension Trust Funds 134 Combining Statement of Changes in Assets and Liabilities – Fiduciary Funds – Agency Funds 135 – 136 Schedule of Revenues and Expenditures – Fiduciary Funds – Police and Firefighter Pension Trust Funds – Budget and Actual – Budgetary Basis 137 III. STATISTICAL TABLES (UNAUDITED) General Governmental Expenditures by Function and Other Uses I 139 General Governmental Revenues by Source and Other Financing Sources II 140 Tax Revenues by Source III 141 Property Taxes Levied and Collected IV 142 Assessed and True Tax Actual Value of Taxable Property - County-Wide V 143 Property Tax Rates - Direct and Overlapping Governments VI 144 Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita VII 145 - 146 Schedule of Direct and Overlapping Bonded Debt and Bonded Debt Limit VIII 147 - 149 Computation of Legal Debt Margin IX 150 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General Expenditures X 151 Schedule of Housing Agency Revenue Bond Retirements XI 152 Property Value, Construction, and Deposits in Banks and Savings and Loans XII 153 Principal Taxpayers and Employers XIII 154 Demographic Statistics XIV 155 - 156 Miscellaneous Statistical Data XV 157 - 159 Schedule of Insurance in Force XVI 160 Salaries of Principal Officials XVII 161 IV V July 11, 2003 Honorable Mayor Bart Peterson City of Indianapolis, Indiana I submit to you the Comprehensive Annual Financial Report (CAFR) of the City of Indianapolis (City) for the fiscal year ended December 31, 2002. The City is a component unit of the Consolidated City of Indianapolis - Marion County Reporting Entity. This report was prepared by the Office of the City Controller. Responsibility for both the accuracy of the data presented and the completeness and fairness of the presentation, including all disclosures, rests with the Controller of the City of Indianapolis. The data, as presented, is accurate