KITSAP COUNTY COMPREHENSIVE ANNUAL FINANCIAL REPORT

Transcription

1 KITSAP COUNTY COMPREHENSIVE ANNUAL FINANCIAL REPORT County Auditor Honorable Karen Flynn Financial Services Manager Dave Schureman, CPA For The Fiscal Year Ended December 31, 2006 Prepared by the Auditor s Office

2 KITSAP COUNTY, WASHINGTON Comprehensive Annual Financial Report For the Fiscal Year Ended December 31, 2006 INTRODUCTORY SECTION TABLE OF CONTENTS Page Transmittal Letter ll GFOA Certificate of Achievement for Excellence in Financial Reporting... lll List of Elected and Appointed Officials... IV Organization Chart.. V FINANCIAL SECTION Independent Auditor s Report 1 Management s Discussion and Analysis. 2 Basic Financial Statements Government-wide Financial Statements: Statements of Net Assets Statement of Activities 14 Fund Financial Statements: Description Balance Sheet - Government Funds Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Assets 19 Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds 20 Reconciliation of Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities 22 Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - General Fund 23 Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Major Funds 24 Statement of Net Assets Proprietary Funds 28 Statement of Revenues, Expenses, and Changes in Fund Net Assets-Proprietary Funds 29 Statement of Cash Flows Proprietary Funds 30 Statement of Fiduciary Net Assets 31 Statement of Changes in Fiduciary Net Assets - Fiduciary Funds 32 Notes to the Financial Statements 33 Combining and Individual Fund Statements and Schedules Description 61 Combining Balance Sheet - Nonmajor Funds.. 69 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Funds 86 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget And Actual - Nonmajor Funds l - 1

3 Description - Internal Service Funds Combining Statement of Net Assets - Internal Service Funds 192 Combining Statement of Revenues, Expenses and Changes in Fund Net Assets - Internal Service Funds 193 Combining Statement of Cash Flows Internal Service Funds 194 Description - Nonmajor Enterprise Funds 195 Combining Statement of Net Assets - Nonmajor Enterprise Funds 196 Combining Statement of Revenues, Expenses and Changes in Fund Net Assets - Nonmajor Enterprise Funds 197 Combining Statement of Cash Flows Nonmajor Enterprise Funds 198 Description - Agency Funds 199 Combining Statement of Fiduciary Net Assets. 200 Supplementary Schedules: Schedule of Expenditures of Federal Awards. 203 Schedule of State Financial Assistance. 209 Note to Schedule of Financial Assistance. 211 STATISTICAL SECTION Table # Net Assets by components 1 S - 1 Changes In Net Assets 2 S - 2 Fund Balances of Governmental Funds 3 S - 4 Changes in Fund Balances of Governmental Funds 4 S - 5 Assessed Value and Estimated Actual Value of Property 5 S - 6 Property Tax Rate - All Overlapping Governments 6 S - 7 Principal Property Taxpayers 7 S - 8 Property Tax Levies and Collections 8 S - 9 Ratios of Outstanding Debt by Type 9 S - 10 Ratios of General Bonded Debt 10 S - 11 Computation of Overlapping Debt to Assessed Value and Net 11 S - 12 Legal Debt Margin Information 12 S - 13 Pledged Revenue Coverage - Sewer Bonds 13 S - 14 Demographic and Economic Indicators 14 S - 15 Principle Employers 15 S - 16 Full-time Equivalent County Employees by Function 16 S - 17 Operating Indicators by Function/Program 17 S - 18 Capital Asset Statistics by Function 18 S - 19 l - 2

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13 The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to Kitsap County for its comprehensive annual financial report (CAFR) for the fiscal year ended December 31, This was the 9th consecutive year that Kitsap County has achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles an d applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current comprehensive annual financial report continues to meet the Certificate of Achievement Program s requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. III

14 KITSAP COUNTY List of Elected and Appointed Officials December 31, 2006 Elected Officials TITLE INCUMBENT END OF TERM Assessor Jim Avery 12/31/10 Auditor Karen Flynn 12/31/10 Clerk Dave Peterson 12/31/10 Commissioner, District #1 Christene Chris Endresen 12/31/08 Commissioner, District #2 Jan Angel 12/31/08 Commissioner, District #3 Patty Lent 12/31/06 Coroner Greg Sandstrom 12/31/10 District Court Judge, #1 James Riehl 12/31/10 District Court Judge, #2 W. Daniel Phillips 12/31/10 District Court Judge, #3 Marilyn Paja 12/31/10 District Court Judge, #4 Stephen J. Holman 12/31/06 Prosecuting Attorney Russ Hauge 12/31/10 Sheriff Steve Boyer 12/31/06 Superior Court Judge, #1 Leonard W. Costello 12/31/08 Superior Court Judge, #2 Leila Mills 12/31/08 Superior Court Judge, #3 Anna Laurie 12/31/08 Superior Court Judge, #4 Theodore F. Spearman 12/31/08 Superior Court Judge, #5 Jay B. Roof 12/31/08 Superior Court Judge, #6 Russell W. Hartman 12/31/08 Superior Court Judge, #7 M. Karlynn Haberly 12/31/08 Superior Court Judge, #8 Sally F. Olsen 12/31/08 Treasurer Barbara Stephenson 12/31/10 Appointed Officials TITLE County Administrator Director of Public Works Director of Administrative Services Director of Personnel & Human Resources Director of Community Development Director of Parks and Recreation Director of Information Services INCUMBENT Cris Gears Randy Casteel Benjamin Holland Bert Furuta Larry Keeton Beverly Reeves Bud Harris IV

15 Kitsap County Organization Citizens Prosecutor Clerk Superior Courts District Courts Board of County Commissioners Coroner Assessor Treasurer Sheriff Auditor Legal Jury Juvenile Probation Law Elections Services Board of Equalization Enforcement Child Public Corrections Registration Support Defense Central Communications Fiscal Boundary Review Cooperative Extension Special Emergency Licensing Assault Management Civil County Administrator Recording Community Development Public Works Facilities, Parks and Recreation Administrative Services Personnel & Human Services Information Services Building Engineering Parks Budget & Personnel Computer & Finance Network Services Community Roads Ballfields Volunteer Civil Application Services Planning Services Service Land Use/ Waste Recreation Risk Recovery GIS Environmental Water Programs Management Center Fire Solid Fair and Purchasing Job Database Marshall Waste Events Training Administration Grant Equipment Facilities Block Grant Mental Management Rental Maintenance Program Health Natural Surface & Project Aging Resources Stormwater Management Programs Development Engineering Developmental Disabilities Substance Abuse Training Services V