CITY OF FARGO, NORTH DAKOTA. Comprehensive Annual Financial Report.

Transcription

1 CITY OF FARGO, NORTH DAKOTA Comprehensive Annual Financial Report FOR THE YEAR ENDED DECEMBER 31, 2010

2 CITY OF FARGO NORTH DAKOTA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2010 PREPARED BY: FINANCE DEPARTMENT

3 CITY OF FARGO, NORTH DAKOTA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2010 TABLE OF CONTENTS INTRODUCTORY SECTION Table of Contents I Finance Director s Letter of Transmittal III Listing of City Officials VII Organizational Chart VIII Certificate of Achievement of Excellence in Financial Reporting IX FINANCIAL SECTION Independent Auditor s Report Management s Discussion and Analysis Basic Financial Statements: Government-wide Financial Statements: Statement of Net Assets Statement of Activities Fund Financial Statements: Balance Sheet Governmental Funds Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual General Fund Statement of Net Assets Proprietary Funds Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary Funds Statement of Cash Flows Proprietary Funds Statement of Fiduciary Net Assets Fiduciary Funds Statement of Changes in Fiduciary Net Assets Fiduciary Funds Notes to the Financial Statements Combining and Individual Fund Statements and Schedules: Combining Balance Sheet Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual Nonmajor Special Revenue Funds Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Debt Service Fund Combining Statement of Net Assets Nonmajor Proprietary Funds Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets Nonmajor Proprietary Funds Combining Statement of Cash Flows Nonmajor Proprietary Funds I

4 TABLE OF CONTENTS, Continued Combining Statement of Net Assets Internal Service Funds Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets Internal Service Funds Combining Statement of Cash Flows Internal Service Funds Combining Statement of Net Assets Agency Funds Combing Statement of Changes in Assets and Liabilities Agency Funds Capital Assets Used in the Operation of Governmental Funds: Comparative Schedule by Source Schedule by Function and Activity Schedule of Changes by Function and Activity STATISTICAL SECTION Net Assets by Component Change in Net Assets Fund Balance of Governmental Funds Changes in Fund Balance of Governmental Funds Program Revenues by Function/Program Tax Revenues by Source, Governmental Funds Market, Assessed, and Taxable Value of Taxable Property Property Tax Rates Direct and Overlapping Governments Principal Property Taxpayers Property Tax Levies and Collections Summary of Building Permits Issued Water Utility Billed Consumption Water Utility Major Customers Water Utility Rate Structure Wastewater Utility Rate Structure Sales Tax Receipts Cash Basis Lodging Tax Revenue Parking Facility Information Sales Tax Model Ratios of Outstanding Debt by Type Ratios of General Bonded Debt Outstanding Ratio of Net Bonded Debt to Assessed Value and Net Bonded Debt Per Capita Legal Debt Margin Direct and Overlapping Debt Summary of Direct Debt and Debt Ratios Pledged Revenue Coverage Governmental Activities Pledged Revenue Coverage Business Type Activities Airport Revenue Bonds Series 2004D Debt Coverage Demographic and Economic Statistics Retail Sales and Estimated Buying Income Principal Employers Number of City Government Employees by Function/Program Operating Indicators by Function/Program Capital Asset Statistics by Function/Program Schedule of Insurance in Force II

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9 CITY OF FARGO, NORTH DAKOTA LISTING OF CITY OFFICIALS AS OF DECEMBER 31, 2010 TERM NAME OFFICE EXPIRES Dennis Walaker Mayor June 2014 Tim Mahoney Deputy Mayor June 2014 Brad Wimmer Commissioner June 2014 Dave Piepkorn Commissioner June 2012 Michael Williams Commissioner June 2012 Pat Zavoral City Administrator Kent Costin Finance Director Steven Sprague City Auditor Sharon Odegaard City Commission Executive Assistant VII

10 CITY OF FARGO, NORTH DAKOTA ORGANIZATIONAL CHART City Attorney CITY COMMISSION Commission Office City Administrator Human Resources Information Systems VIII PUBLIC WORKS ENTERPRISE FINANCE HEALTH PLANNING POLICE FIRE OTHER BOARDS Engineering Solid Waste Auditor Inspections Airport Traffic Engineering & Street Lighting Waste Water Assessor Transit Civic Center Central Garage Water Buildings & Grounds Fargodome Forestry Municipal Court Library Street Water Mains & Meters

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