THE CITY OF L!S VEG!S CITY OF LAS VEGAS, NEVADA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2020 PAGE INTRODUCTORY SECTION Letter of transmittal.................................................................................................................................................5 GFOA Certificate of Achievement for Excellence in Financial Reporting............................................................12 City of Las Vegas Table of Organization by Function and Activity.......................................................................13 City of Las Vegas Officials....................................................................................................................................14 FINANCIAL SECTION Independent Auditor Report...................................................................................................................................15 Management's Discussion and Analysis.................................................................................................................17 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position..............................................................................................................................32 Statement of Activities..................................................................................................................................34 Fund Financial Statements: Balance Sheet - Governmental Funds............................................................................................................36 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position....................37 Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds...................................................................................................................................38 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities.......................................................39 Budget and Actual - General Fund................................................................................................................40 Budget and Actual - City of Las Vegas Redevelopment Agency ................................................................42 Statement of Net Position - Proprietary Funds..............................................................................................43 Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds....................................45 Statement of Cash Flows - Proprietary Funds...............................................................................................46 Statement of Fiduciary Net Position - Fiduciary Funds.................................................................................48 Statement of Changes in Net Position - Fiduciary Funds..............................................................................49 Notes to Basic Financial Statements.............................................................................................................50 - 112 Required Supplementary Information Post Employment Benefits Other Than Pensions (OPEB) and Schedule of Changes in the Net OPEB Liability and Related Ratios...........................................................................................113 Proportionate Share of the Collective Net Pension Liability Information and Proportionate Share of Statutorily Required Pension Contribution Information.......................................114 COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES SECTION Major Governmental Funds: Budget and Actual by Function and Activity General Fund................................................................................................................................................116 CARES Act Special Revenue Fund..............................................................................................................125 Fiscal Stabilization Fund..............................................................................................................................126 Fiscal Stabilization Fund..............................................................................................................................127 Statement of Revenues, Expenditures and Changes in Fund Balances (Budget Basis) - Reconciliation to Combine General Fund, CARES Act Fund and Fiscal Stabilization Fund to General Fund as reported on the Statement of Revenues, Expenditures and Changes in Fund Balances -Governmental Funds......................................................................................128 Debt Service.................................................................................................................................................129 Road and Flood Capital Projects Fund.........................................................................................................130 Non-Major Governmental Funds: 1 CITY OF LAS VEGAS, NEVADA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2020 Combining Balance Sheet - Nonmajor Governmental Funds.......................................................................134 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Governmental Funds...............................................................................................140 Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual: Multipurpose Special Revenue Fund....................................................................................................... 146 Las Vegas Convention and Visitors Authority Special Revenue Fund.....................................................147 Fremont Street Room Tax Special Revenue Fund....................................................................................148 Special Improvement District Administration Special Revenue Fund......................................................149 Transportation Programs Special Revenue Fund......................................................................................150 Street Maintenance Special Revenue Fund.............................................................................................. 151 Housing Program Special Revenue Fund.................................................................................................152 Housing and Urban Development Special Revenue Fund........................................................................153 Fire Safety Initiative Special Revenue Fund.............................................................................................154 Environmental Cleanup Special Revenue Fund........................................................................................155 City of Las Vegas Redevelopment Agency - Debt Service Fund.............................................................156 General Capital Projects Fund..................................................................................................................157 City Facilities Capital Projects Fund........................................................................................................158 Fire Services Capital Projects Fund.........................................................................................................159 Public Works Capital Projects Fund........................................................................................................160 Traffic Improvements Capital Projects Fund...........................................................................................161 Parks and Leisure Activities Capital Projects Fund.................................................................................162 Detention and Enforcement Capital Projects Fund..................................................................................163 Special Assessments Capital Projects Fund.............................................................................................164 Capital Improvements Capital Projects Fund...........................................................................................165 Green Building Capital Projects Fund......................................................................................................166 Cemetery Operations Permanent Fund.....................................................................................................167 Major Proprietary Funds: Schedule of Revenues, Expenses and Changes in Net Position (Budget Basis) - Budget and Actual Sanitation Enterprise Fund.......................................................................................................................170 Building and Safety Enterprise Fund........................................................................................................171 Non-Major Proprietary Funds: Combining Statement of Net Position - Non-Major Proprietary Funds........................................................174 Combining Statement of Revenues, Expenses and Changes in Net Position - Non-Major Proprietary Funds....................................................................................................................175 Combining Statement of Cash Flows - Non-Major Proprietary Funds.........................................................176 Schedule of Revenues, Expenses