Tacoma Narrows Airport Financial Report December 2008
|
|
- Irene Welch
- 6 years ago
- Views:
Transcription
1 Tacoma Narrows Airport Financial Report December 2008 City of Tacoma Transportation Services Division Public Works Department Prepared by: Michele Tuong
2
3 Table of Contents Management s Discussion and Analysis... 3 Financial Statements... 7 Notification These financial statements are interim, unaudited reports prepared primarily for the use of management. Not all transactions reported in these statements have been recorded on the full accrual basis of accounting or in accordance with generally accepted accounting principles. 1
4 2 (This page intentionally left blank.)
5 Management s Discussion and Analysis 3
6 City of Tacoma, Washington Public Works Department Tacoma Narrows Airport Management s Discussion and Analysis December 31, 2008 The following is a narrative overview and analysis of the financial activities of the Tacoma Narrows Airport for the year ended December 31, This discussion and analysis is designed to focus on significant financial issues and activities and to identify any changes in the financial position. The information presented here should be read in conjunction with the financial statements taken as a whole. The financial statements are prepared on a full accrual basis of accounting. Financial Highlights A total of $9.3 million in grant revenue was recorded in 2008 from the FAA for 95% of the funding for construction costs associated with the FAA mandated runway safety improvements. On December 31, 2008 the City of Tacoma sold the Airport to Pierce County for $3 million with the first million received in January 2009, and the balance to be paid on or before December 31, The cash balance of $525,000 remaining after paying 2008 expenses has been accrued and recorded as a payable to Pierce County per the agreement. Financial Analysis Condensed Balance Sheets As of December 31, Increase (Decrease) Current assets $ 5,343,489 $ 584,908 $ 4,758,581 Capital assets 5,736,153 (5,736,153) Total assets $ 5,343,489 $ 6,321,061 $ (977,572) Total liabilities $ 5,093,180 $ 2,958,569 $ 2,134,611 Invested in capital assets, net of related debt 5,736,153 (5,736,153) Unrestricted assets 250,309 (2,373,661) 2,623,970 Total net assets 250,309 3,362,492 (3,112,183) Total liabilities and net assets $ 5,343,489 $ 6,321,061 $ (977,572) Current assets Total current assets increased $4.8 million from a year ago. This sizable increase is due primarily to the $4.6 million increase in receivables of $3 million from Pierce County for the sale of the airport and $1.6 million from the FAA for grant reimbursement. Capital assets This account has a zero balance due to the transfer of capital assets to Pierce County. Current liabilities Total liabilities increased $2.1 million to $5.1 million in The significant changes include the payable to Pierce County for $525,000 for the remaining cash balance and $1.6 million to various vendors primarily related to the runway construction. 4
7 A $2,850,000 General Fund loan is outstanding and will be repaid by the sale proceeds from Pierce County. The due date for the loan is 12/31/2011. Financial Analysis Condensed Statements of Revenues, Expenses and Changes in Net Assets Year to Date December Increase (Decrease) Operating revenue $ 911,556 $ 737,746 $ 173,810 Operating expense 443, ,581 (263,759) Operating income (loss) 467,734 30, ,569 Net nonoperating income (loss) (3,579,917) 683,352 (4,263,269) Change in net assets (3,112,183) 713,517 (3,825,700) Total net assets beginning of year 3,362,492 2,648, ,517 Total net assets ending $ 250,309 $ 3,362,492 $ (3,112,183) Operating revenues In 2008, operating revenues increased $174,000, or 24%. This is mostly due to the rental rates increases and the new Northwest Hangar land lease that brought in $157,000 more revenues in Northwest Hangars switched to a land lease and began operations in late This land lease was approved by Resolution No dated October 3, Operating expenses In 2008, operating expenses decreased $264,000, or 37%, over This decrease is largely due to a decrease of $149,000 in depreciation on assets which were fully depreciated at the end of Service and other charges decreased $95,000 or 22% over 2007 and personnel services charges decreased $21,000. 5
8 Operating Expenses ($ in thousands) Dollars in thousands Service and Other Charges 7 28 Personnel Services 4 2 Supplies Depreciation Cost elements Nonoperating income (loss) Construction grant revenue for 2008 totaled $9.3 million, the loss on the sale of the Airport capital assets totaled $12.8 million, and interest expensed on the loan from the General Fund totaled $119,000. Financial Analysis Condensed Statements of Cash Flows Net cash from: Year to Date December Increase (Decrease) Operating activities $ 486,078 $ 260,084 $ 225,994 Noncapital financing activities 44,656 (44,656) Capital and related financing activities (288,682) (242,023) (46,659) Investing activities 25,694 23,810 1,884 Change in cash and cash equivalents 223,090 86, ,563 Cash and equity in pooled investments, beginning balance 426, ,025 86,527 Cash and equity in pooled investments, ending balance $ 649,642 $ 426,552 $ 223,090 Operating activities In 2008, cash flow from operating activities is $226,000 more than in This is mostly due to the increase of cash receipts from customers of $161,000 due to increased revenue. Payments to suppliers decreased $66,000 and payments to employees decreased $21,000. Noncapital financing activities The $46,000 of cash received in 2007 was FEMA reimbursements for storm damage. Capital and related financing activities Cash used in capital and related financing activities increased $47,000 from $100,000 was due to the prepayment of interest to the General Fund in
9 Financial Statements 7
10 City of Tacoma, Washington Public Works Department Tacoma Narrows Airport Balance Sheets (Unaudited) December 31, Increase ASSETS (Decrease) Current assets: Cash and equity in pooled investments $ 649,642 $ 426,552 $ 223,090 Accounts receivable 20, ,997 (132,849) Due from other fund Due from other governmental units 4,573,687 4,573,687 Prepaid expenses 100,000 5,359 94,641 Total current assets 5,343, ,908 4,758,581 Capital assets: Land 2,371,494 (2,371,494) Buildings & improvements 2,637,042 (2,637,042) Airport infrastructure & equipment 3,689,825 (3,689,825) Less accumulated depreciation (4,396,274) 4,396,274 Assets in service 4,302,087 (4,302,087) Construction in progress 1,434,066 (1,434,066) Total capital assets (net of accumulated depreciation) 5,736,153 (5,736,153) Total assets $ 5,343,489 $ 6,321,061 $ (977,572) LIABILITIES Current liabilities: Accounts payable $ 1,697,791 $ 70,000 $ 1,627,791 Accrued taxes payable 27 21,163 (21,136) Deposits payable 19,625 17,059 2,566 Due to other funds Due to other governmental units 525, ,000 Interfund loans 2,850,000 2,850,000 Total current liabilities 5,093,180 2,958,569 2,134,611 Total liabilities 5,093,180 2,958,569 2,134,611 NET ASSETS Capital assets 5,736,153 (5,736,153) Unrestricted 250,309 (2,373,661) 2,623,970 Total net assets 250,309 3,362,492 (3,112,183) TOTAL LIABILITIES AND NET ASSETS $ 5,343,489 $ 6,321,061 $ (977,572) These statements should be read in conjunction with the Notes to the Financial Statements contained in the 2008 Comprehensive Annual report (CAFR). 8
11 Tacoma Narrows Airport Statements of Revenues, Expenses, and Changes in Net Assets (Unaudited) Month of December Year to Date December % Chg OPERATING REVENUES Landing fees $ 701 $ 892 $ 3,504 $ 2,839 23% Land leases 20,643 7, ,439 91, % FBO rent 10,240 8, , ,686 5% Commercial rent 10,353 4, , ,409 4% Aircraft tie down 3,035 1,790 22,923 24,197 (5%) Fuel flow fees 2,168 1,267 27,325 25,776 6% Hangar rentals 40,292 30, , ,381 2% Airport late fees % Total operating revenues 87,589 55, , ,746 24% OPERATING EXPENSES Service and other charges 91,269 23, , ,743 (22%) Personnel services 5,411 6,690 27,838 (76%) Supplies 637 3,667 1,973 86% Depreciation 7,756 7,973 93, ,027 (98%) Total operating expenses 105,073 31, , ,581 (37%) Operating income (loss) (17,484) 23, ,734 30,165 1,451% NONOPERATING REVENUES (EXPENSES) Investments revenue 2, ,056 15,192 65% Construction grant revenues 1,589,780 66,984 9,281, ,860 1,324% Gain/loss on disposal of asset (15,767,670) (15,767,670) N/A Proceeds from assets sale 3,000,000 3,000,000 N/A Interest on interfund loan (9,066) (11,147) (119,148) (122,987) (3%) FEMA reimbursements 130, ,669 (100%) GASB 31 gain/loss 638 8, ,618 (93%) Total nonoperating revenue (expense) (11,183,626) 196,090 (3,579,917) 683,352 (624%) CHANGE IN NET ASSETS Change in net assets $ (11,201,110) $ 219,621 (3,112,183) 713,517 (536%) Total net assets beginning 3,362,492 2,648,975 27% Total net assets ending $ 250,309 $ 3,362,492 (93%) These statements should be read in conjunction with the Notes to the Financial Statements contained in the 2008 Comprehensive Annual report (CAFR). 9
12 City of Tacoma, Washington Public Works Department Tacoma Narrows Airport Statements of Cash Flows (Unaudited) CASH FLOWS FROM OPERATING ACTIVITIES Year to Date December Source (Use) Receipts from customers $ 893,628 $ 732,221 $ 161,407 Payments to suppliers (379,654) (445,598) 65,944 Payments to employees (6,660) (27,929) 21,269 Taxes paid (21,236) 1,390 (22,626) Net cash provided (used) by operating activities 486, , ,994 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES FEMA reimbursement 44,656 44,656 Net cash provided (used) by noncapital financing activities 44,656 44,656 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Grant proceeds for capital construction 8,475, ,876 7,890,133 Acquisition and construction of capital assets (8,544,543) (703,912) (7,840,631) Interest paid (219,148) (122,987) (96,161) Net cash provided (used) by capital and related financing activities (288,682) (242,023) (46,659) CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends received 25,056 15,192 9,864 GASB 31 gain/loss 638 8,618 Net cash provided by investing activities 25,694 23,810 1,884 Net increase in cash and equity in pooled investments 223,090 86, ,563 Cash and equity in pooled investments at beginning of year 426, ,025 86,527 Cash and equity in pooled investments ending $ 649,642 $ 426,552 $ 223,090 These statements should be read in conjunction with the Notes to the Financial Statements contained in the (CAFR) 2008 Comprehensive Annual Report. 10
13 City of Tacoma, Washington Public Works Tacoma Narrows Airport Statements of Cash Flows (Unaudited) Year to Date December Source (Use) Reconciliation of operating income to net cash provided from operating activities: Net operating income (expense) $ 467,734 $ 30,165 $ 437,569 Adjustments to reconcile operating income to net cash from operating activities: Depreciation expense 93, ,027 (148,955) Change in operating assets: Accounts receivable (20,148) (20,148) Prepaid expenses 5,359 (275) 5,634 Due from other funds (12) (12) Due to other funds 390 (7,607) 7,997 Accounts payable (41,746) (41,746) Accrued wages, benefits, and long term compensated absences (91) 91 Accrued taxes payable (21,136) 1,390 (22,526) Deferred revenue (4,986) 4,986 Deposits payable 2,565 (539) 3,104 Total adjustments 18, ,919 (211,575) Net cash from operating activities $ 486,078 $ 260,084 $ 225,994 These statements should be read in conjunction with the Notes to the Financial Statements contained in the (CAFR) 2008 Comprehensive Annual Report. 11
14 12 (This page intentionally left blank.)
15
Tacoma Narrows Airport Financial Report May 2008
Tacoma Narrows Airport Financial Report May 2008 City of Tacoma Transportation Services Division Public Works Department Prepared by: Sheri Hayes Table of Contents Management s Discussion and Analysis...
More informationFleet Services Division Financial Report November 2009
Fleet Services Division Financial Report November 2009 City of Tacoma Fleet Services Administrative Division Public Works Department Prepared by: Michele Tuong Table of Contents Management s Discussion
More informationFleet Services Division Financial Report November 2011
Fleet Services Division Financial Report November 2011 City of Tacoma Fleet Services Administrative Division Public Works Department Prepared by: Michele Tuong Table of Contents Management s Discussion
More informationFleet Services Division Financial Report December 2012
Fleet Services Division Financial Report December 2012 City of Tacoma Fleet Services Administrative Division Public Works Department Prepared by: Michele Tuong Table of Contents Management s Discussion
More informationSolid Waste Management Financial Report September 2015
Solid Waste Management Financial Report September 2015 City of Tacoma Environmental Services Department Prepared By: Louis Nguyen Table of Contents Management s Discussion and Analysis... 3 Financial
More informationUnion Station Financial Report December, 2008
Union Station Financial Report December, 2008 City of Tacoma Public Works Prepared by: Michele Tuong Table of Contents Management Discussion and Analysis 3 Financial Statements...5 Notification These financial
More informationNONMAJOR ENTERPRISE FUNDS
NONMAJOR ENTERPRISE FUNDS The accrual basis of accounting is used for Funds. The cost of providing services to the general public is financed or recovered primarily through user charges. Airport Accounts
More informationINTERNAL SERVICE Internal Service Funds
INTERNAL SERVICE Internal Service Funds are used by Kitsap County to account for the financing of goods or services provided by a department or agency to other departments of the County. Internal Service
More informationTheaters Financial Report December 2013
Theaters Financial Report December 2013 City of Tacoma Public Assembly Facilities Performing Arts Center Prepared by: Michele Tuong Table of Contents Management s Discussion and Analysis..3 Financial
More informationTheaters Financial Report December 2012
Theaters Financial Report December 2012 City of Tacoma Public Assembly Facilities Performing Arts Center Prepared by: Michele Tuong Table of Contents Management s Discussion and Analysis..3 Financial
More informationPROPRIETARY FUND FINANCIAL STATEMENTS
PROPRIETARY FUND FINANCIAL STATEMENTS 35 This page intentionally left blank. 36 PROPRIETARY FUND FINANCIAL STATEMENTS - To account for the costs associated with the City's insurance and for funding equipment
More informationWastewater and Surface Water Management Financial Report June 2014
Wastewater and Surface Water Management Financial Report June 2014 City of Tacoma Environmental Services Prepared by Eun Joo Ebenhoh Table of Contents Management s Discussion and Analysis... 3 Joint Financial
More informationINTERNAL SERVICE FUNDS
INTERNAL SERVICE FUNDS are used to account for the financing of goods or services provided by one department or agency to other departments or agencies of a governmental unit, or to other governmental
More informationWastewater and Surface Water Management Financial Report September 2014
Wastewater and Surface Water Management Financial Report September 2014 City of Tacoma Environmental Services Prepared by Eun Joo Ebenhoh Table of Contents Management s Discussion and Analysis... 3 Joint
More informationWastewater and Surface Water Management Financial Report November 2014
Wastewater and Surface Water Management Financial Report November 2014 City of Tacoma Environmental Services Prepared by Eun Joo Ebenhoh Table of Contents Management s Discussion and Analysis... 3 Joint
More informationINTERNAL SERVICE FUNDS
INTERNAL SERVICE FUNDS Internal Service Funds account for the financing of goods or services provided by one group or agency to other groups or agencies of the County, or to other governmental units, on
More informationINTERNAL SERVICE FUNDS
INTERNAL SERVICE FUNDS Internal Service Funds account for the financing of goods or services provided by one group or agency to other groups or agencies of the County, or to other governmental units, on
More informationINTERNAL SERVICE FUNDS. The Reproduction Services Fund accounts for the fiscal activity related to printing activities of the County.
INTERNAL SERVICE FUNDS Internal Service Funds account for the financing of goods or services provided by one group or agency to other groups or agencies of the County, or to other governmental units, on
More informationCity of Chicago, Illinois Chicago Midway International Airport
City of Chicago, Illinois Chicago Midway International Airport Basic Financial Statements as of and for the Years Ended December 31, 2009 and 2008, Required Supplementary Information, Additional Information,
More informationSeptember. Tacoma Rail FINANCIAL REPORT
September Tacoma Rail 2017 FINANCIAL REPORT Public Utility Board MONIQUE TRUDNOWSKI Chair WOODROW JONES Vice-Chair KAREN LARKIN Secretary BRYAN FLINT Member MARK PATTERSON Member WILLIAM A. GAINES Director
More informationMarch. Tacoma Rail FINANCIAL REPORT
March Tacoma Rail 2018 FINANCIAL REPORT Public Utility Board MONIQUE TRUDNOWSKI Chair WOODROW JONES Vice-Chair KAREN LARKIN Secretary BRYAN FLINT Member MARK PATTERSON Member LINDA MCCREA Interim Director
More informationUnion Station Financial Report December, 2006
Union Station Financial Report December, 2006 City of Tacoma Public Works Prepared by: Sheri Hayes 1 Table of Contents Management Discussion and Analysis 3 Financial Statements...5 Notification These financial
More informationCity of Chicago Chicago Midway International Airport An Enterprise Fund of the City of Chicago
City of Chicago Chicago Midway International Airport An Enterprise Fund of the City of Chicago Comprehensive Annual Financial Report For the Years Ended December 31, 2017 and 2016 Rahm Emanuel, Mayor Carole
More informationINTERNAL SERVICE FUNDS
INTERNAL SERVICE FUNDS A COUNTY OF RIVERSIDE INTERNAL SERVICE FUNDS These funds were established to account for the goods and services provided by a County department to other County departments, or to
More informationCITY OF DES MOINES, IOWA STATEMENT OF NET ASSETS PROPRIETARY FUNDS June 30, 2012
CITY OF DES MOINES, IOWA STATEMENT OF NET ASSETS PROPRIETARY FUNDS June 30, 2012 BUSINESS-TYPE ACTIVITIES - SEWER AIRPORT PARKING SYSTEM ASSETS Current assets: Unrestricted current assets: Cash and pooled
More informationENTERPRISE FUNDS. Juneau International Airport To account for fees collected and related expenses in the operation of the airport facility.
ENTERPRISE FUNDS are part of the Proprietary Fund Type category and, as such, are accounted for on the accrual basis of accounting. Revenues are recognized when they are earned and their expenses are recognized
More informationINTERNAL SERVICE FUNDS
INTERNAL SERVICE FUNDS EY COUNTY OF RIVERSIDE INTERNAL SERVICE FUNDS These funds were established to account for the goods and services provided by a County department to other County departments, or
More informationCITY OF DES MOINES, IOWA STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2016
CITY OF DES MOINES, IOWA STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2016 ASSETS BUSINESS-TYPE ACTIVITIES - ENTERPRISE FUNDS PARKING FACILITIES SEWER STORMWATER SYSTEM SYSTEM UTILITY Current assets:
More informationInternal Service Funds
Internal Service Funds Internal Service Funds Summary Internal Service Funds account for the financing of goods or services provided by one department or agency to other departments or agencies throughout
More informationCITY OF DES MOINES, IOWA STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2017
CITY OF DES MOINES, IOWA STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2017 BUSINESS-TYPE ACTIVITIES - ENTERPRISE FUNDS PARKING FACILITIES SEWER STORMWATER SYSTEM SYSTEM UTILITY ASSETS Current assets:
More informationCITY OF DES MOINES, IOWA STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2018
CITY OF DES MOINES, IOWA STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2018 ASSETS PARKING FACILITIES SEWER STORMWATER SYSTEM SYSTEM UTILITY Current assets: Unrestricted current assets: Cash and
More informationCITY OF DES MOINES, IOWA COMBINING STATEMENT OF NET ASSETS NONMAJOR ENTERPRISE FUNDS June 30, 2011
COMBINING STATEMENT OF NET ASSETS NONMAJOR ENTERPRISE FUNDS June 30, 2011 ASSETS SOLID GOLF WASTE COURSES SYSTEM TOTALS Current assets: Unrestricted current assets: Cash and pooled cash investments $ 4,500
More informationUNAUDITED FINANCIAL INFORMATION. March 31, 2018
UNAUDITED FINANCIAL INFORMATION March 31, 2018 SCHEDULES OF NET POSITION March 31, 2018 ASSETS Current assets: Cash and cash equivalents $ 2,352 $ 15,172 $ 21,166 $ 32,362 $ 177,840 $ 248,892 Investments
More informationCITY OF DES MOINES, IOWA STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2015
CITY OF DES MOINES, IOWA STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2015 BUSINESS-TYPE ACTIVITIES - ENTERPRISE FUNDS PARKING FACILITIES SEWER STORMWATER SYSTEM SYSTEM UTILITY ASSETS Current assets:
More informationCity of Chicago, Illinois Chicago O Hare International Airport
City of Chicago, Illinois Chicago O Hare International Airport Basic Financial Statements for the Years Ended December 31, 2006 and 2005, Required Supplementary Information, Additional Information, Statistical
More informationCity of Chicago, Illinois Chicago O Hare International Airport
City of Chicago, Illinois Chicago O Hare International Airport Basic Financial Statements for the Years Ended December 31, 2005 and 2004, Required Supplementary Information, Additional Information, Statistical
More informationPrimary Government Net Position
Statistical (Unaudited) 171 Net Position by Component Last Ten Fiscal Years (dollars in thousands - accrual basis of accounting) Governmental activities Net investment in capital assets $ 1,238,768 $ 1,188,810
More informationLOUIS ARMSTRONG NEW ORLEANS INTERNATIONAL AIRPORT (A Proprietary Component Unit of the City of New Orleans)
(A Proprietary Component Unit of the City of New Orleans) Financial Statements and Supplemental Schedules (With Independent Auditors Report Thereon) (A Proprietary Component Unit of the City of New Orleans)
More informationInternal Audit. S o n o m a C o u n t y. A u d i t o r - C o n t r o l l e r - T r e a s u r e r - T a x C o l l e c t o r
A u d i t o r - C o n t r o l l e r - T r e a s u r e r - T a x C o l l e c t o r Internal Audit S o n o m a C o u n t y Reporting Package Sonoma County Airport : For the Fiscal Year Ended Audit No: 3040
More informationCity of Chicago, Illinois Chicago O Hare International Airport
City of Chicago, Illinois Chicago O Hare International Airport Basic Financial Statements for the Years Ended December 31, 2007 and 2006, Required Supplementary Information, Additional Information, Statistical
More informationCITY OF DES MOINES, IOWA COMBINING STATEMENT OF NET ASSETS SCHEDULE ALL PARKING ACCOUNTS June 30, 2012
COMBINING STATEMENT OF NET ASSETS SCHEDULE ALL PARKING ACCOUNTS June 30, 2012 ASSETS PARK AND PARKING RIDE TOTALS Current assets: Unrestricted current assets: Cash and pooled cash investments $ 1,294,964
More informationLAMBERT ST. LOUIS INTERNATIONAL AIRPORT (An Enterprise Fund of the City of St. Louis, Missouri)
Basic Financial Statements and Supplementary Information (With Independent Auditors Report Thereon) Table of Contents Page Independent Auditors Report 1 Management s Discussion and Analysis Unaudited 4
More informationTable of Contents. Management s Discussion and Analysis...3. Independent Auditors Report...11
Table of Contents Management s Discussion and Analysis...3 Independent Auditors Report...11 Financial Statements Statements of Net Assets...13 Statements of Revenues, Expenses and Changes in Net Assets...14
More informationLONG ISLAND POWER AUTHORITY (A Component Unit of the State of New York) Quarterly Unaudited Financial Report
LONG ISLAND POWER AUTHORITY (A Component Unit of the State of New York) Quarterly Unaudited Financial Report For the nine-month period ended September 30, 2018 LONG ISLAND POWER AUTHORITY (A Component
More informationFinancial Report st Quarter/Unaudited
Financial Report 2014 1st Quarter/Unaudited MANAGEMENT S DISCUSSION AND ANALYSIS City and County of Denver Management s Discussion and Analysis For the Three Months Ended March 31, 2014 The following discussion
More informationRoosevelt City Corporation Duchesne County, Utah
Duchesne County, Utah ANNUAL FINANCIAL REPORT For the Year Ended TABLE OF CONTENTS Beginning on page INDEPENDENT AUDITORS' REPORT 1 MANAGEMENT'S DISCUSSION AND ANALYSIS 3 BASIC FINANCIAL STATEMENTS 13
More informationLONG ISLAND POWER AUTHORITY (A Component Unit of the State of New York) Quarterly Unaudited Financial Report
LONG ISLAND POWER AUTHORITY (A Component Unit of the State of New York) Quarterly Unaudited Financial Report For the six-month period ended June 30, 2018 LONG ISLAND POWER AUTHORITY (A Component Unit of
More informationLOUIS ARMSTRONG NEW ORLEANS INTERNATIONAL AIRPORT (A Proprietary Component Unit of the City of New Orleans) Financial Statements and Supplemental
(A Proprietary Component Unit of the City of New Orleans) Financial Statements and Supplemental Schedules (With Independent Auditors Report Thereon) A Proprietary Component Unit of the City of New Orleans)
More informationJuly Fleet Ser 2 vices F 0 und 09 FINANCIAL REPORT
July Fleet Services 2009 Fund FINANCIAL REPORT Public Utility Board LAURA FOX Chair PETER THEIN Vice-Chair ROBERT CASEY Secretary DAVID NELSON Member WOODROW JONES Member WILLIAM A. GAINES Director of
More informationCITY OF CENTERVILLE, GEORGIA ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2013
ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2013 NICHOLS, CAULEY & ASSOCIATES, LLC Certified Public Accountants Certified Financial Planners Certified Internal Auditors Certified Government
More informationLONG ISLAND POWER AUTHORITY (A Component Unit of the State of New York) Quarterly Unaudited Financial Report
LONG ISLAND POWER AUTHORITY (A Component Unit of the State of New York) Quarterly Unaudited Financial Report For the three-month period ended March 31, 2018 LONG ISLAND POWER AUTHORITY (A Component Unit
More informationINTERNAL SERVICE FUNDS
INTERNAL SERVICE FUNDS are used to account for the financing of goods or services provided by one department or agency to other departments or agencies of a governmental unit, or to other governmental
More informationUTILITY DEBT SECURITIZATION AUTHORITY (A Component Unit of the Long Island Power Authority) Quarterly Unaudited Financial Report
Quarterly Unaudited Financial Report For the six-month period ended June 30, 2018 Table of Contents Page Introduction 1 Basic Financial Statements (Unaudited): Statements of Net Position 2 Statements of
More informationSomerset County Improvement Authority
Annual Financial Report of the Somerset County Improvement Authority For the Years Ended December 31, 2015 and 2014 Prepared By Somerset County Improvement Authority Finance Department SOMERSET COUNTY
More informationCITY OF FLORENCE, ALABAMA ELECTRICITY, GAS, AND WATER AND WASTEWATER DEPARTMENTS. FINANCIAL STATEMENTS JUNE 30, 2010 and 2009
ELECTRICITY, GAS, AND WATER AND WASTEWATER DEPARTMENTS FINANCIAL STATEMENTS JUNE 30, 2010 and 2009 ELECTRICITY, GAS, AND WATER AND WASTEWATER DEPARTMENTS TABLE OF CONTENTS Independent Auditor s Report
More informationTotal Assets 4,945,738
Web-GAAP Training School District Initial Year Governmental Fund Trial Balance For the Fiscal Year Ended June 30, 2000 Balance Sheet Debit Credit Fund: General ASSETS: Equity in Pooled Cash and Cash Equivalents
More informationBLOOMINGTON-NORMAL AIRPORT AUTHORITY OF MCLEAN COUNTY, ILLINOIS FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT.
OF MCLEAN COUNTY, ILLINOIS FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT April 30, 2015 OF MCLEAN COUNTY, ILLINOIS TABLE OF CONTENTS Page(s) INDEPENDENT AUDITOR S REPORT... 1-3 MANAGEMENT S DISCUSSION
More informationINTERNAL SERVICE FUNDS
INTERNAL SERVICE FUNDS This page intentionally left blank 282 INTERNAL SERVICE FUNDS 500 - COMPUTER REPLACEMENT - This fund provides for replacement of the County s computer equipment. It is supported
More informationCOUNTY OF MARQUETTE, MICHIGAN ALL INTERNAL SERVICE FUNDS COMBINING STATEMENT OF NET POSITION. December 31, 2013
ALL INTERNAL SERVICE FUNDS COMBINING STATEMENT OF NET POSITION December 31, 2013 Negaunee Other Post- Service Center Employment Technology Fund Benefits Fund Total ASSETS Current Assets: Cash and equivalents
More informationCITY OF RICHMOND, VIRGINIA STATEMENT OF NET ASSETS PROPRIETARY FUNDS June 30, 2002
EXHIBIT E-1 STATEMENT OF NET ASSETS June 30, 2002 Gas Water Wastewater Other Total Funds Assets Current Assets: Cash and Cash Equivalents (Note 3) $ 30,395,244 $ 6,526,802 $ 39,908,622 $ 379,726 $ 77,210,394
More informationGovernmental Activities
Statement of Net Position June 30, 2015 Activities Business-type Activities Total Component Unit Housing and Community Services Agency Assets Current assets Cash and Investments $ 164,721,343 $ 25,551,358
More informationPEACHTREE CITY CONVENTION & VISITORS BUREAU
PEACHTREE CITY CONVENTION & VISITORS BUREAU (A COMPONENT UNIT OF PEACHTREE CITY, GEORGIA) FINANCIAL REPORT SEPTEMBER 30, 2011 PEACHTREE CITY CONVENTION & VISITORS BUREAU FINANCIAL REPORT SEPTEMBER 30,
More informationTABLE OF CONTENTS. PAGE Letter of Transmittal...2. Independent Auditors Report...6. Management s Discussion and Analysis...8
Fort Collins ~ Loveland Municipal Airport Year Ended December 31, 2009 TABLE OF CONTENTS PAGE Letter of Transmittal...2 Independent Auditors Report...6 Management s Discussion and Analysis...8 Basic Financial
More informationBASIC FINANCIAL STATEMENTS- FUND FINANCIAL STATEMENTS
BASIC FINANCIAL STATEMENTS- FUND FINANCIAL STATEMENTS AE (This Page Intentionally Left Blank) 31 Balance Sheet Governmental Funds June 30, 2017 Teeter ASSETS AND DEFERRED OUTFLOWS OF Flood Debt RESOURCES:
More informationCITY OF FLORENCE, ALABAMA ELECTRICITY, GAS, AND WATER AND WASTEWATER DEPARTMENTS. FINANCIAL STATEMENTS JUNE 30, 2007 and 2006
ELECTRICITY, GAS, AND WATER AND WASTEWATER DEPARTMENTS FINANCIAL STATEMENTS JUNE 30, 2007 and 2006 ELECTRICITY, GAS, AND WATER AND WASTEWATER DEPARTMENTS TABLE OF CONTENTS Independent Auditors Report 1
More informationAn nu a l FINANCIAL REPORT
An nu a l Tacoma Rail 2008 FINANCIAL REPORT Public Utility Board TOM L. HILYARD Chair LAURA FOX Vice-Chair PETER THEIN Secretary DAVID NELSON Member ROBERT CASEY Member WILLIAM A. GAINES Director of Utilities/CEO
More informationFort Collins ~ Loveland Municipal Airport
Fort Collins ~ Loveland Municipal Airport Year Ended December 31, 2014 TABLE OF CONTENTS PAGE Letter of Transmittal... 2 Independent Auditors Report... 4 Management s Discussion and Analysis... 7 Basic
More informationPORT OF TILLAMOOK BAY, OREGON FINANCIAL STATEMENTS JUNE 30, 2016
, OREGON FINANCIAL STATEMENTS JUNE 30, 2016 5499 AMY STREET WEST LINN, OR 97068 PHONE: (503) 723-0300 FAX: (503) 723-9946 WWW.MERINACPAS.COM , OREGON TABLE OF CONTENTS June 30, 2016 PAGE INTRODUCTORY SECTION
More informationPORT OF TILLAMOOK BAY, OREGON FINANCIAL STATEMENTS FOR THE FISCAL YEARS ENDED JUNE 30, 2017 & 2016
, OREGON FINANCIAL STATEMENTS FOR THE FISCAL YEARS ENDED JUNE 30, 2017 & 2016 5499 AMY STREET WEST LINN, OR 97068 PHONE: (503) 723-0300 FAX: (503) 723-9946 WWW.MERINACPAS.COM , OREGON TABLE OF CONTENTS
More informationSTATE OF MINNESOTA Office of the State Auditor
STATE OF MINNESOTA Office of the State Auditor Rebecca Otto State Auditor DULUTH AIRPORT AUTHORITY (A COMPONENT UNIT OF THE CITY OF DULUTH, MINNESOTA) FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011 Description
More informationST. LOUIS LAMBERT INTERNATIONAL AIRPORT (An Enterprise Fund of the City of St. Louis, Missouri)
Basic Financial Statements and Supplementary Information (With Independent Auditors Report Thereon) Table of Contents Page Independent Auditors Report 1 Management s Discussion and Analysis Unaudited 4
More informationNorthwest Educational Service District No. 189
Financial Statements and Federal Single Audit Report Northwest Educational Service District No. 189 Skagit County For the period September 1, 2014 through August 31, 2015 Published May 9, 2016 Report No.
More informationCITY OF RICHMOND, VIRGINIA STATEMENT OF NET ASSETS PROPRIETARY FUNDS June 30, 2004
EXHIBIT E-1 STATEMENT OF NET ASSETS June 30, 2004 Water Wastewater Other Total Assets Current Assets: Cash and Cash Equivalents (Note 3) $ 31,717,844 $ 5,117,193 $ 35,102,877 $ 99,857 $ 72,037,771 $ 42,342,593
More informationUNAUDITED FINANCIAL INFORMATION. September 30, 2018
UNAUDITED FINANCIAL INFORMATION September 30, 2018 SCHEDULES OF NET POSITION September 30, 2018 ASSETS Current assets: Cash and cash equivalents $ 2,603 $ 11,289 $ 17,924 $ 24,687 $ 155,750 $ 212,253 Investments
More informationCITY OF DES MOINES, IOWA COMBINING STATEMENT OF NET POSITION SCHEDULE ALL PARKING ACCOUNTS June 30, 2016
COMBINING STATEMENT OF NET POSITION SCHEDULE ALL PARKING ACCOUNTS June 30, 2016 PARK AND PARKING RIDE TOTALS Current assets: Unrestricted current assets: Cash and investments $ 1,130,870 $ 4,728,311 $
More informationMOBILE AIRPORT AUTHORITY
FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION FOR THE YEAR ENDED SEPTEMBER 30, 2016 WITH COMPARATIVE TOTALS FOR THE YEAR ENDED SEPTEMBER 30, 2015 Introductory Section Transmittal Letter Financial
More informationCleveland-Cuyahoga County Port Authority. Basic Financial Statements December 31, 2006
Cleveland-Cuyahoga County Port Authority Basic Financial Statements December 31, 2006 Board of Directors Cleveland-Cuyahoga County Port Authority 1375 East 9th Street, Suite 2300 Cleveland, Ohio 44114-1790
More informationInterim Financial Statements - Unaudited. For the Year Ended September 30, 2017
Interim Financial Statements - Unaudited For the Year Ended September 30, 2017 Financial Statements - Unaudited For the Year Ended September 30, 2017 Contents Overview and Basis of Accounting 2 Management
More informationSTATE OF MINNESOTA Office of the State Auditor
STATE OF MINNESOTA Office of the State Auditor Rebecca Otto State Auditor DULUTH AIRPORT AUTHORITY (A COMPONENT UNIT OF THE CITY OF DULUTH, MINNESOTA) YEARS ENDED DECEMBER 31, 2016 AND 2015 Description
More informationSeptember. Fleet Services Fund FINANCIAL REPORT
September Fleet Services Fund 2017 FINANCIAL REPORT Public Utility Board MONIQUE TRUDNOWSKI Chair WOODROW JONES Vice-Chair KAREN LARKIN Secretary BRYAN FLINT Member MARK PATTERSON Member WILLIAM A. GAINES
More informationDOWNTOWN DEVELOPMENT AUTHORITY (A Component Unit of The Atlanta Development Authority, d/b/a Invest Atlanta) Basic Financial Statements.
(A Component Unit of The Atlanta Development Authority, d/b/a Invest Atlanta) Basic Financial Statements (With Independent Auditor s Report Thereon) Table of Contents Independent Auditor s Report 1 and
More informationCITY OF CENTERVILLE, GEORGIA ANNUAL FINANCIAL REPORT YEAR ENDED JUNE 30, 2011
ANNUAL FINANCIAL REPORT YEAR ENDED JUNE 30, 2011 NICHOLS, CAULEY & ASSOCIATES, LLC Certified Public Accountants Certified Financial Planners Certified Internal Auditors Certified Government Auditing Professionals
More informationWhatcom Transportation Authority
Financial Statements Audit Report Whatcom Transportation Authority Whatcom County For the period January 1, 2016 through December 31, 2017 Published April 30, 2018 Report No. 1021200 April 30, 2018 Office
More informationFINANCIAL STATEMENTS. (Unaudited) Six Months Ended. March 31, 2016 and 2015
FINANCIAL STATEMENTS (Unaudited) Six Months Ended March 31, 2016 and 2015 GREATER ORLANDO AVIATION AUTHORITY Orlando, Florida TABLE OF CONTENTS Page ORLANDO INTERNATIONAL AIRPORT Independent Accountants
More informationHOUSING AUTHORITY OF THE CITY OF FRESNO BASIC FINANCIAL STATEMENTS. Year Ended December 31, 2015 (Including Auditors Report Thereon)
HOUSING AUTHORITY OF THE CITY OF FRESNO BASIC FINANCIAL STATEMENTS Year Ended December 31, 2015 (Including Auditors Report Thereon) (This page intentionally left blank) HOUSING AUTHORITY OF THE CITY OF
More informationPHOENIX-MESA GATEWAY AIRPORT AUTHORITY ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2017
ANNUAL FINANCIAL REPORT THIS PAGE BLANK TABLE OF CONTENTS FISCAL YEAR ENDED June 30, 2017 Independent Auditors Report 1 Management s Discussion and Analysis 3 Page Basic Financial Statements Statement
More informationSeptember. Tacoma Water FINANCIAL REPORT
September Tacoma Water 2017 FINANCIAL REPORT Public Utility Board MONIQUE TRUDNOWSKI Chair WOODROW JONES Vice-Chair KAREN LARKIN Secretary BRYAN FLINT Member MARK PATTERSON Member WILLIAM A. GAINES Director
More informationFinancial Report with Supplemental Information December 31, 2015
Financial Report with Supplemental Information December 31, 2015 Contents Report Letter 1-3 Management's Discussion and Analysis 4-11 Basic Financial Statements Statement of Net Position 12 Statement of
More informationAUGUSTA REGIONAL AIRPORT AT BUSH FIELD
Augusta, Georgia Financial Statements for the years ended December 31, 2008 and 2007 Management s Discussion and Analysis (Unaudited) The following discussion and analysis of the financial performance
More informationCITY OF DES MOINES, IOWA COMBINING STATEMENT OF NET POSITION SCHEDULE ALL PARKING ACCOUNTS June 30, 2018
COMBINING STATEMENT OF NET POSITION SCHEDULE ALL PARKING ACCOUNTS June 30, 2018 PARK AND PARKING RIDE TOTALS Current assets: Unrestricted current assets: Cash and investments $ 1,241,495 $ 2,180,387 $
More informationKWAX FM RADIO OF UNIVERSITY OF OREGON AUDIT REPORT
KWAX FM RADIO OF UNIVERSITY OF OREGON AUDIT REPORT Year Ended June 30, 2018 TABLE OF CONTENTS Independent Auditor's Report 1 to 2 Management s Discussion and Analysis 3 to 6 Basic Financial Statements:
More informationInternal Audit. Sonoma County. Auditor Controller Treasurer Tax Collector. Reporting Package Sonoma County Airport Enterprise Fund:
Auditor Controller Treasurer Tax Collector Internal Audit Sonoma County Reporting Package Sonoma County Airport : For the Fiscal Year Ended Audit No: 3040 Report Date: September 30, 2014 Audit Manager:
More informationArapahoe County Public Airport Authority (A Component Unit of Arapahoe County, Colorado)
Financial Statements Years Ended December 31, 2016 and 2015 Table of Contents Independent Auditor s Report 1 Management s Discussion and Analysis (Unaudited) 3 BASIC FINANCIAL STATEMENTS PAGE Statements
More informationPHOENIX-MESA GATEWAY AIRPORT AUTHORITY ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2016
ANNUAL FINANCIAL REPORT THIS PAGE BLANK TABLE OF CONTENTS FISCAL YEAR ENDED June 30, 2016 Independent Auditors Report 1 Management s Discussion and Analysis 3 Page Basic Financial Statements Statement
More informationFINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT FLORIDA COURTS E-FILING AUTHORITY TALLAHASSEE, FLORIDA JUNE 30, 2018
FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT TALLAHASSEE, FLORIDA JUNE 30, 2018 FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT TALLAHASSEE, FLORIDA JUNE 30, 2018 TABLE OF CONTENTS Independent
More informationCITY OF RIO GRANDE CITY, TEXAS ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED SEPTEMBER 30, 2008
Exhibit CITY OF RIO GRANDE CITY, TEXAS ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED SEPTEMBER 30, 2008 TABLE OF CONTENTS Page Independent Auditors' Report 1 Management's Discussion and Analysis 3 Basic Financial
More informationVentura County Regional Energy Alliance. Annual Financial Report. For the Year Ended June 30, 2011
Annual Financial Report For the Year Ended June 30, 2011 Annual Financial Report For the Year Ended June 30, 2011 Table of Contents Page No. Financial Section Independent Auditor's Report 1 2 Management
More informationBASIC FINANCIAL STATEMENTS
BASIC FINANCIAL STATEMENTS 29 City of Grand Junction STATEMENT OF NET POSITION December 31, 2017 Component Primary Government Unit Governmental Activities Business-type Activities Total Downtown Development
More informationHOUSING AUTHORITY OF FRESNO COUNTY BASIC FINANCIAL STATEMENTS. Year Ended December 31, 2015 (Including Auditors Report Thereon)
HOUSING AUTHORITY OF FRESNO COUNTY BASIC FINANCIAL STATEMENTS Year Ended December 31, 2015 (Including Auditors Report Thereon) (This page intentionally left blank) (This page intentionally left blank)
More informationTownship of Grosse Ile
Financial Statements March 31, 2016 Table of Contents Independent Auditors Report 1-1 Management s Discussion and Analysis 2-1 Basic Financial Statements Government-wide Financial Statements Statement
More information