OKLAHOMA 99 Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 1999 Frank Keating Governor Prepared by Office of State Finance Tom Daxon, Director Mark A. Meadors, State Comptroller The Oklahoma Comprehensive Annual Financial The Office of State Finance would appreciate Report is an annual publication of the Oklahoma credit for any reprint. Office of State Finance and is prepared by the Division of Central Accounting & Reporting. Requests for additional copies, comments or questions may be directed to Shawn Ashley, This publication is issued under authority of the Office of State Finance, 2300 North Lincoln Office of State Finance. Pursuant to 74 O.S. Blvd., Suite 122, Oklahoma City, Oklahoma 1992, Section 3105, 1200 copies have been 73105. prepared and distributed at a cost of $15,600.00. TABLE OF CONTENTS Page INTRODUCTORY SECTION Letter of Transmittal.......................................................................................................................................................................7 Certificate of Achievement for Excellence in Financial Reporting...........................................................................................18 Selected Oklahoma State Officials..............................................................................................................................................19 State Organizational Chart...........................................................................................................................................................20 FINANCIAL SECTION INDEPENDENT AUDITORS REPORT....................................................................................................................................23 GENERAL PURPOSE FINANCIAL STATEMENTS Combined Balance Sheet All Fund Types, Account Groups and Discretely Presented Component Units........................................................................28 Combined Statement of Revenues, Expenditures and Changes in Fund Balances All Governmental Fund Types, Expendable Trust Fund and Discretely Presented Governmental Component Unit.............32 Combined Statement of Revenues, Expenditures and Changes in Fund Balance Budget to Actual (Non-GAAP Budgetary Basis) - General Fund.............................................................................................35 Combined Statement of Revenues, Expenses and Changes in Retained Earnings/Fund Balances Proprietary Fund Type, Nonexpendable Trust Funds and Discretely Presented Proprietary Component Units......................36 Combined Statement of Cash Flows Proprietary Fund Type, Nonexpendable Trust Funds and Discretely Presented Proprietary Component Units......................38 Combined Statement of Changes in Plan Net Assets Investment Trust Fund, Pension Trust Fund and Discretely Presented Fiduciary Component Units......................................42 Combined Statement of Changes in Fund Balances Component Unit - Higher Education Funds...............................................................................................................................44 Combined Statement of Current Funds, Revenues, Expenditures and Other Changes Component Unit - Higher Education Funds...............................................................................................................................46 Notes to the Financial Statements...............................................................................................................................................49 REQUIRED SUPPLEMENTARY INFORMATION Year 2000 Disclosure...............................................................................................................................................................105 Schedule of Expenditures and Intra-Agency Transfers-Detail Budget to Actual Comparison (Non-GAAP Budgetary Basis) - General Fund.....................................................................106 OKLAHOMA ¨ 3 COMBINING FINANCIAL STATEMENTS Trust and Agency Funds: Descriptions................................................................................................................................................................... 131 Combining Balance Sheet - Trust And Agency Funds................................................................................................. 132 Combining Balance Sheet - Nonexpendable Trust Funds ........................................................................................... 134 Combining Statement of Revenues, Expenses and Changes in Fund Balances - Nonexpendable Trust Funds............................................................................................................ 135 Combining Statement of Cash Flows - Nonexpendable Trust Funds......................................................................... 136 Combining Statement of Assets and Liabilities - Agency Funds ................................................................................ 138 Combining Statement of Changes in Assets and Liabilities - Agency Funds ............................................................. 140 Component Units Descriptions................................................................................................................................................................... 145 Combining Balance Sheet ............................................................................................................................................. 146 Component Units - Proprietary Funds Descriptions................................................................................................................................................................... 151 Combining Balance Sheet ............................................................................................................................................. 152 Combining Statement of Revenues, Expenses and Changes in Retained Earnings.................................................... 156 Combining Statement of Cash Flows........................................................................................................................... 158 Component Unit - Fiduciary Funds Descriptions................................................................................................................................................................... 165 Combining Statement of Plan Net Assets - Pension Trust Funds............................................................................... 166 Combining Statement of Changes in Plan Net Assets - Pension Trust Funds............................................................ 168 Component Unit - Higher Education Funds Descriptions................................................................................................................................................................... 173 Combining Balance Sheet ............................................................................................................................................. 174 STATISTICAL SECTION Cash Receipts and Disbursements ............................................................................................................................................ 180 Tax Collections.......................................................................................................................................................................... 182 Gross Sales Tax by Industry ...................................................................................................................................................... 184 Bank Deposits............................................................................................................................................................................ 185 Assessed Valuations.................................................................................................................................................................. 186 Non-Agricultural Wage and Salary Employment .................................................................................................................... 186 State Colleges and Universities - Public .................................................................................................................................. 188 State Colleges and Universities - Private ................................................................................................................................. 189 School Enrollments................................................................................................................................................................... 190 Economic and Demographic Estimates.................................................................................................................................... 190 Major Employers by Size .......................................................................................................................................................... 192 Net General Obligation Bonds and Notes Per Capita.............................................................................................................. 194 Ratio of Annual Debt Service Expenditures for General Obligation Debt to Total General Governmental Expenditures.............................................................................................. 194 Revenue Bond Coverage - Enterprise Fund and Proprietary Component Units...................................................................