Garfield County C o l o r a d o

Transcription

1 2017 Garfield County C o l o r a d o Comprehensive Annual Financial Report For the fiscal year ended December 31, 2017

2 Garfield County, Colorado Comprehensive Annual Financial Report For the Fiscal Year Ended December 31, 2017 Prepared by the Finance Department

3 Prepared by the Finance Department Theresa Wagenman, Finance Director Cathleen Van Roekel, Assistant Finance Director Bob Prendergast, Finance Administrator Kelicia Costello, Accounting Manager: GL Jenny Langhorst, Accounting Manager: Payroll Kyra Mangnall, Accountant Wendy Stewart, Accountant Sara McCallister, Payroll Support Specialist Evie Olson, Accountant If you have questions regarding this report, call or fax us at: Phone: Fax: Our mailing address is: Garfield County Finance Department th Street, Suite 201 Glenwood Springs, CO Contact us through our website:

4 Garfield County, Colorado Comprehensive Annual Financial Report For the Year Ended December 31, 2017 Table of Contents Introductory Section Letter of Transmittal...A1-A5 GFOA Certificate of Achievement... A6 Organization Chart... A7 List of Elected and Appointed Officials...A8-A9 Financial Section Independent Auditor s Report...B1-B3 Management s Discussion and Analysis... B4-B23 Basic Financial Statements Governmental-wide Financial Statements Statement of Net Position... C1 Statement of Activities... C2 Governmental Funds Financial Statements Balance Sheet Governmental Funds... C3 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position... C4 Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds... C5 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities... C6 Proprietary Funds Financial Statements Statement of Net Position Proprietary Funds... C7 Statement of Revenues, Expenses and Changes in Net Position Proprietary Funds... C8 Statement of Cash Flows Proprietary Funds... C9 Fiduciary Funds Financial Statements Statement of Assets and Liabilities Agency Funds... C10 Notes to the Basic Financial Statements... D1-D19 Required Supplementary Information General Fund and Major Special Revenue Funds General Fund Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual... E1 Road and Bridge Fund Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual... E2 Human Services Fund Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual... E3 Note to Required Supplementary Information... E4 i

5 Table of Contents (continued) Supplementary Information Capital Projects Fund Capital Expenditures Fund Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual... F1 Non-major Special Revenue Funds Combining Balance Sheet... F2-F3 Combining Statement of Revenues, Expenditures and Changes in Fund Balances... F4-F5 Airport Fund: Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual... F6 Oil and Gas Mitigation Fund: Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual... F7 Conservation Trust Fund: Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual... F8 Grant Fund: Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual... F9 Clerk and Recorder EFTF Fund: Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual... F10 Traffic Study Fund: Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual... F11 Retirement Fund: Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual... F12 Traveler s Highland PID: Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual... F13 Public Health Fund: Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual... F14 Proprietary Funds Enterprise Fund/Solid Waste Fund Schedule of Revenues, Expenditures and Changes in Net Position Budget (Non-GAAP Basis) and Actual With Reconciliation to GAAP Basis... F15 Internal Service Fund/Motor Pool Fund Schedule of Revenues, Expenditures and Changes in Net Position Budget (Non-GAAP Basis) and Actual With Reconciliation to GAAP Basis... F16 Fiduciary Funds/Agency Funds Combining Statement of Changes in Assets and Liabilities... F17 Local Highway Finance Report... F18-F19 Statistical Section Net Position by Component... G1 Changes in Net Position... G2 Fund Balances - Governmental Funds... G3 Changes in Fund Balance - Governmental Funds... G4 General Government Tax Revenues by Source... G5 Assessed Value and Estimated Actual Value of Taxable Property... G6 Property Tax Rates Direct and Overlapping Governments... G7 Property Tax Levies Direct and Overlapping Governments... G8 Principal Taxpayers... G9 ii

6 Table of Contents (continued) County Property Tax Levies and Collections... G10 General Government Revenues by Source... G11 Direct and Overlapping Governmental Activities Debt... G12 Computation of Legal Debt Margin General Obligation Debt... G13 Ratios of Outstanding Debt by Type... G14 Demographic and Economic Statistics... G15 Principal Employers... G16 Positions by Department... G17 Capital Assets by Function/Program... G18 Operating Indicators by Function/Program... G19 Property Transfers Total Dollar Volume... G20 Property Transfers Total Unit Count... G21 Property Transfers Average Property Prices... G22 Statutory Report Section Single Audit Reports and Schedules Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Governmental Auditing Standards... H1-H2 Report on Compliance For Each Major Federal Program; Report on Internal Control Over Compliance Required by Uniform Guidance... H3-H4 Schedule of Findings and Questioned Costs... H5 Schedule of Prior Audit Findings and Questioned Costs... H6 Schedule of Expenditures of Federal Awards... H7-H8 iii