Governmental Activities

Transcription

1 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 $ 190,272,701 $ 2,813,362 Investments ,672,755 Restricted cash: Cash and cash equivalents ,945,040 Receivables (net of uncollectibles) 37,652,055 1,965,291 39,617,346 1,510,831 Due from HACSA ,314 Internal balances (8,513,897) 8,513, Inventories 3,192,296-3,192,296 61,956 Prepaids 520,406 86, , ,558 Total current assets 197,572,203 36,117, ,689,264 11,315,816 Noncurrent assets Investments in limited partnerships ,319,730 Deposits 5,272,927-5,272,927 - Receivables ,238,524 Due to component units and related parties ,783,420 Other ,911 Net pension asset 23,155,067 1,848,082 25,003,149 - Capital assets: Land and construction in progress 20,687,348 9,342,751 30,030,099 12,647,945 Other capital assets (net of accumulated depreciation) 316,496,946 19,083, ,580,689 51,008,818 Total noncurrent assets 365,612,288 30,274, ,886,864 71,896,348 Total assets 563,184,491 66,391, ,576,128 83,212,164 Deferred outflows of resources Deferred outflows - pension 7,541, ,929 8,142,668 - Deferred charge for debt refunding 192, ,936 - Total deferred outflows of resources 7,734, ,929 8,335,604 - Liabilities Current liabilities Accounts payable 7,931,243 1,014,301 8,945, ,091 Wages and benefits payable 2,288, ,070 2,462,282 45,622 Due to other governments 17,962 2,888 20,850 - Due to HASCA ,532 Interest payable 502, ,318 29,461 Unearned revenue 208, , ,125 10,051 Customer deposits 654, , , ,255 Current portion of noncurrent liabilities 16,343, ,235 16,872, ,047 Total current liabilities 27,945,500 1,952,268 29,897,768 1,920,059 Noncurrent liabilities 98,089,341 4,469, ,558,953 19,513,610 Total liabilites 126,034,841 6,421, ,456,721 21,433,669 Deferred inflows of resources Deferred inflows - pension 46,936,719 3,746,172 50,682,891 - Total deferred inflows of resources 46,936,719 3,746,172 50,682,891 - Net position Net investment in capital assets 299,544,800 28,426, ,971,294 45,573,298 Restricted for: Capital projects 431, ,165 - Debt service 92,376-92,376 - Health and human services 10,164,785-10,164,785 - Special revenue / services 6,235,382-6,235,382 - Roads 24,559,639-24,559,639 - Title III projects 3,390,845-3,390,845 - Trillium behavioral health 17,529,942-17,529,942 - Housing and community services ,693,708 Public safety local option tax levy 19,530,014-19,530,014 - Other purposes 1,413,353-1,413,353 - Unrestricted 15,055,305 28,398,020 43,453,325 12,511,489 Total net position $ 397,947,606 $ 56,824,514 $ 454,772,120 $ 61,778,495

2 Statement of Activities For the Fiscal Year Ended June 30, 2015 Functions/Programs Direct Expenses Indirect Expenses Allocation activities General government $ 28,027,765 $ (10,733,292) Public safety 46,861,792 3,167,255 Public health and welfare 60,587,915 4,094,965 Parks 2,570, ,762 Roads and bridges 27,991,655 1,891,877 Community development 3,763, ,382 Interest on long-term debt 6,244,634 - Total governmental activities 176,048,451 (1,151,051) Business-type activities Lane events center 3,637, ,596 Solid waste disposal 12,802, ,700 Corrections commissary 86,764 3,933 Land management 3,020, ,822 Total business-type activities 19,547,853 1,151,051 Total government $ 195,596,304 $ - Component Unit: Housing and Community Services Agency $ 30,468,865 $ -

3 Charges for Services Program Revenues Operating Grants and Contributions Capital Grants and Contributions Net (Expense) Revenue and Changes in Net Position Activities Business-type Activities Total Component Unit Housing and Community Services Agency $ 8,347,649 $ 5,011,297 $ - $ (3,935,527) $ - $ (3,935,527) 23,530,234 6,693,683 - (19,805,130) - (19,805,130) 20,159,060 56,062,549-11,538,729-11,538,729 1,950, ,208 - (28,279) - (28,279) 3,313,144 30,126,012-3,555,624-3,555, ,835 1,311,175 - (1,937,135) - (1,937,135) (6,244,634) - (6,244,634) 58,070,124 99,970,924 - (16,856,352) - (16,856,352) 2,401,442 50, (1,483,116) (1,483,116) 15,692,367 3, ,502,163 2,502, , ,457 88,457 4,932,299 2, ,455,878 1,455,878 23,205,262 57, ,563,382 2,563,382 $ 81,275,386 $ 100,027,948 $ - (16,856,352) 2,563,382 (14,292,970) $ 6,618,116 $ 22,008,671 $ 2,824,065 $ 981,987 General Revenues: Property taxes 54,364,587-54,364,587 - Transient room taxes 4,270,015 1,158,528 5,428,543 - Car rental taxes 1,665,145-1,665,145 - O&C timber receipts 4,539,345-4,539,345 - Unrestricted investment earnings 1,844, ,755 1,984,358 - Grants not restricted to specific programs 4,878,557-4,878,557 - Transfers (253,769) 253, Total general revenues and transfers 71,308,483 1,552,052 72,860,535 - Change in net position 54,452,131 4,115,434 58,567, ,987 Net position, June 30, 2014, previously reported 443,600,826 56,342, ,943,643 60,816,381 Restatement - prior period adjustment (19,873) Restatement - GASB 68 Implementation (Note IV.G.) (100,105,351) (3,633,737) (103,739,088) - Net position, June 30, 2014, restated 343,495,475 52,709, ,204,555 60,796,508 Total net position, June 30, 2015 $ 397,947,606 $ 56,824,514 $ 454,772,120 $ 61,778,495

4 Balance Sheet June 30, 2015 General Road Special Revenue / Services Assets Cash and cash equivalents $ 17,319,563 $ 24,865,532 $ 7,942,350 Receivables (net of uncollectibles): Investment earnings 63,488 59,938 19,928 Property taxes 3,080, Accounts 6,151, ,709 1,241,167 Intergovernmental 1,525,733 2,254,487 1,086,178 Other Interest on balances 7,733, Due from other funds Inventories 183,029 2,068,378 - Total assets 36,058,645 29,605,044 10,289,623 Liabilities Accounts payable $ 838,706 $ 982,969 $ 879,964 Wages and benefits payable 754, , ,090 Due to other funds 443, , ,879 Due to other governments 17, Unearned revenue 112, ,227 - Interfund loans payable Customer deposits 191, ,927 - Advances from other funds Total liabilities 2,358,838 1,967,705 1,257,933 Deferred inflows of resources Unavailable revenue 16,141, Total deferred inflows of resources 16,141, Fund balances Nonspendable 183,029 2,068,378 - Restricted - 9,792,729 4,319,953 Committed Assigned - 15,776,232 4,711,737 Unassigned 17,374, Total fund balances 17,557,863 27,637,339 9,031,690 Total liabilities, deferred inflows of resources, and fund balances $ 36,058,645 $ 29,605,044 $ 10,289,623

5 Health and Human Services Local Option Tax Levy Other Total $ 6,297,781 $ 19,543,802 $ 27,188,927 $ 103,157,955 20,291 43,458 66, , ,978-3,759, , ,954 8,839,043 10,393,478 10,197 1,331,774 16,601, ,734 51,734-43,822-7,777, , ,463,129 17,428,622 20,320,257 29,222, ,924,951 $ 1,223,979 $ 105,757 $ 1,680,557 $ 5,711, ,092 62, ,712 2,121, ,663 42,843 90,377 1,277, , , ,000 20, , , ,000 20,000 2,322, ,103 1,973,646 10,091, ,753-16,822, ,753-16,822, , ,463,129-19,428,401 18,000,329 51,541, ,450,654 1,450,654 14,894,137-7,798,131 43,180, ,374,834 15,105,859 19,428,401 27,249, ,010,266 $ 17,428,622 $ 20,320,257 $ 29,222,760 $ 142,924,951

6 Reconciliation of the Balance Sheet of to the Statement of Net Position For the Fiscal Year Ended June 30, 2015 Total fund balances - governmental funds (page 35) $ 116,010,266 Amounts reported for governmental activities in the statement of net position are different because: Internal service funds are used by management to charge the costs of certain activities to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the statement of net position. $ 2,670,983 An adjustment is required to eliminate change in net position of internal service funds back to the governmental activities that helped finance them. The adjustment related to enterprise activities is required in this reconciliation. (8,592,935) (5,921,952) Capital assets are not financial resources in governmental funds, but are reported in the statement of net position at their depreciable value: Land 11,646,873 Construction in progress 9,040,475 Buildings and land improvements 150,745,380 Equipment and furniture 17,021,520 Infrastructure 350,798, ,253,032 Less accumulated depreciation (212,365,771) 326,887,261 Prepaid expenses are not financial assets in governmental funds, but are reported in the statement of net position. 381,384 Long term deposits are not financial assets in governmental funds, but are reported in the statement of net position. 5,000,000 Certain assets will be collected after year-end but are not available soon enough to pay for the current period's expenditures, and therefore are deferred inflows of resources in governmental funds: Net pension asset 21,248,553 Receivables: Property taxes & interest- general fund 3,818,443 Court fines 12,323,501 Property taxes & interest - public safety local option tax levy 680,753 16,822,697 Road assessments - unearned 60,513 Deferred amounts on refunded debt in governmental funds are expensed in the year paid, but are capitalized on the statement of net position as deferred outflows of resources and amortized over the life of the debt. 192,936 Deferred inflows - pension (43,072,071) Deferred outflows - pension 6,920,453 Certain liabilities are not due and payable in the current period, and are therefore not reported in governmental funds: Compensated absences payable (6,447,819) Interest payable (225,521) Notes payable (2,080,000) Bonds payable, net of premiums and discounts (37,829,094) (46,582,434) Net Position - governmental activities (page 31) $ 397,947,606

7 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of to the Statement of Activities For the Fiscal Year Ended June 30, 2015 Net change in fund balances - governmental funds (page 39) $ 16,538,508 Amounts reported for governmental activities in the statement of activities are different because: Internal service funds are used by management to charge the costs of certain activities to individual funds. The change in internal service fund net position is included with governmental activities in the statement of activities: Change in net position $ 10,522,566 An adjustment is required to eliminate change in net position of internal service funds back to the governmental activities that helped finance them. The adjustment related to enterprise activities is required in this reconciliation. (1,750,932) 8,771,634 funds report capital outlays as expenditures; in the statement of activities the cost of those assets is allocated over their estimated useful lives as depreciation expense: Land - Construction in progress 1,444,607 Buildings and land improvements 1,139,550 Equipment and furniture 362,352 Infrastructure 5,930,598 Depreciation expense (17,053,997) (8,176,890) funds do not report prepaid expenses and deposits; in the statement of activities prepayments are expensed when incurred. 218,888 Certain revenues may not be collected for several months after year end; they are not considered "available" and are deferred inflows of resources in the governmental funds: Receivables: Property taxes 1,242,947 Court fines 2,710,641 Road assessments (1,878) 3,951,710 The issuance of long-term debt (notes, bonds, capital leases) provides current financial resources to governmental funds; the repayment of long-term debt consumes current financial resources in the governmental funds. Current period long-term debt transactions were: Bond principal payments 5,330,000 5,330,000 Increase in inventory in governmental funds decrease expenses 152,124 Note and bond premiums and discounts are reported in governmental funds in the year received or paid, but are capitalized on the statement of net position and amortized over the life of the notes and bonds: Bond premium amortization 164,734 Deferred outflows of resources - deferred amounts on refunding bonds (67,895) 96,839 Conversion of reporting pension information to a full accrual basis of accounting 19,955,817 Deferred outflow - Pension 6,920,453 Some items reported in the statement of activities do not require the use of current financial resources and therefore are not reported as expenditures in governmental funds: Decrease in accrued interest 21,247 Decrease in accrued compensated benefits 12,819 34,066 The net effect of various miscellaneous transactions involving capital assets (sales and dispositions, trade-ins, and donations) 658,982 Change in net position - governmental activities (page 33) $ 54,452,131

8 Statement of Fund Net Position Proprietary June 30, 2015 Solid Waste Disposal Other Enterprise Total Enterprise Assets Current assets Cash and cash equivalents $ 21,711,809 $ 3,839,549 25,551,358 Activities- Internal Service $ $ 61,563,388 Receivables (net of uncollectibles): Investment earnings 59,660 8,807 68, ,299 Accounts 1,508, ,315 1,896, ,060 Intergovernmental Due from other funds ,497,900 Interfund loans receivable 20,000-20,000 - Inventories ,167 Prepaids - 86,515 86, ,022 Total current assets 23,299,978 4,323,186 27,623,164 64,277,836 Noncurrent assets Advances to other funds 20,000-20,000 - Restricted assets: Deposits ,927 Net pension asset 1,258, ,698 1,848,082 1,906,514 Capital assets: Land 5,103,911 1,132,569 6,236,480 - Buildings and land improvements 20,436,613 23,908,016 44,344, ,597 Equipment and furniture 3,770,935 2,020,325 5,791,260 32,063,847 Construction in progress 3,106,271-3,106,271 - Accumulated depreciation (11,571,602) (19,480,544) (31,052,146) (22,002,410) Total noncurrent assets 22,124,512 8,170,064 30,294,576 12,476,475 Total assets 45,424,490 12,493,250 57,917,740 76,754,311 Deferred outflows of resources Deferred outflows - pension 409, , , ,286 Total deferred outflows of resources 409, , , ,286 Liabilities Current liabilities Accounts payable 807, ,091 1,014,301 2,219,308 Wages and benefits payable 115,897 58, , ,602 Compensated absences payable 390, , , ,337 Claims payable ,724,000 Due to other funds 83,019 36, , ,669 Due to other governments 2,888-2,888 - Interest payable ,797 Unearned revenue 1, , ,660 - Customer deposits 27,087 85, ,114 - Bonds payable ,075,000 Total current liabilities 1,428, ,047 2,071,306 10,134,713 Noncurrent liabilities Net OPEB obligation ,843 Bonds payable (net of unamortized discounts) ,065,404 Landfill closure and postclosure care liability 4,469,612-4,469,612 - Total noncurrent liabilities 4,469,612-4,469,612 60,705,247 Total liabilities 5,897, ,047 6,540,918 70,839,960 Deferred inflows of resources Deferred inflows - pension 2,550,860 1,195,312 3,746,172 3,864,654 Total deferred inflows of resources 2,550,860 1,195,312 3,746,172 3,864,654 Net position Net investment in capital assets 20,846,128 7,580,366 28,426,494 10,297,034 Unrestricted 16,539,207 3,265,878 19,805,085 (7,626,051) Total net position $ 37,385,335 $ 10,846,244 48,231,579 $ 2,670,983 Adjustment to reflect consolidation of internal service fund activities related to enterprise funds 8,592,935 Net position of business-type activities $ 56,824,514

9 Statement of Revenues, Expenses, and Changes in Fund Net Position Proprietary For the Fiscal Year Ended June 30, 2015 Solid Waste Disposal Other Enterprise Total Enterprise Activities- Internal Service Operating revenues Licenses and permits $ - $ 1,785,711 $ 1,785,711 $ - Charges for services 15,112,882 4,585,103 19,697,985 82,450,298 Fines, forfeitures and penalties ,647 29,427 - Administrative and facility charges - 30,000 30, ,986 Sale and rental of property 559,640 1,088,947 1,648,587 64,721 Total operating revenues 15,673,302 7,518,408 23,191,710 83,007,005 Operating expenses Personnel services 6,067,811 2,835,274 8,903,085 7,791,983 Materials and services 7,056,247 4,387,560 11,443,807 59,408,282 Landfill closure and postclosure care costs 184, ,869 - Depreciation 1,001, ,862 1,918,074 2,206,670 Total operating expenses 14,310,139 8,139,696 22,449,835 69,406,935 Operating income (loss) 1,363,163 (621,288) 741,875 13,600,070 Nonoperating revenues (expenses) Taxes and assessments, net of refunds - 1,158,528 1,158,528 - Intergovernmental 3,845 53,180 57,025 2,125,077 Contributions to governmental funds (744,419) Investment earnings 122,342 17, , ,043 Interest expense (4,527,711) Gain (loss) on capital asset disposal 19,063 (5,513) 13,550 (242,695) Total nonoperating revenues (expenses) 145,250 1,223,608 1,368,858 (2,731,705) Income before contributions and transfers 1,508, ,320 2,110,733 10,868,365 Transfers in - 363, , ,516 Transfers out - (109,913) (109,913) (735,315) Change in net position 1,508, ,089 2,364,502 10,522,566 Total net position, June 30, 2014, previously reported 38,351,223 11,149,591 50,474,439 Restatement per GASB 68 implementation (Note IV.G) (2,474,301) (1,159,436) (58,326,022) Total net position, June 30, 2014, restated 35,876,922 9,990,155 (7,851,583) Total net position, June 30, 2015 $ 37,385,335 $ 10,846,244 $ 2,670,983 Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds. 1,750,932 Change in net position of business-type activities $ 4,115,434

10 Statement of Cash Flows Proprietary For the Fiscal Year Ended June 30, 2015 Other Total Solid Waste Enterprise Enterprise Activities-Internal Disposal Service Cash flows from operating activities Receipts from customers and users $ 14,720,121 $ 6,419,878 $ 21,139,999 $ 2,567,360 Receipts from facilities rent 559,640 1,088,947 1,648,587 64,721 Receipts from interfund services ,998,006 Payments to employees (4,171,594) (2,147,718) (6,319,312) (6,137,800) Payments to suppliers (3,394,382) (3,778,408) (7,172,790) (58,686,276) Payments for interfund services (6,532,793) (1,965,948) (8,498,741) (4,343,442) Net cash provided (used) by operating activities 1,180,992 (383,249) 797,743 10,462,569 Cash flows from noncapital financing activities Intergovernmental subsidies 3,350 53,180 56,530 2,128,771 Principal paid on pension bonds (2,775,000) Interest paid on pension bonds (3,321,566) Interfund loan repayment received 20,000-20,000 - Transfers in - 363, , ,516 Transfers out - (109,913) (109,913) (735,315) Net cash provided (used) by noncapital financing activities 23, , ,299 (4,313,594) Cash flows from capital and related financing activities Transient room tax - 1,158,528 1,158,528 - Proceeds from sale of property 19,063-19, ,206 Purchases of capital assets (676,427) (70,572) (746,999) (3,309,830) Net cash provided (used) by capital and related financing activities (657,364) 1,087, ,592 (2,881,624) Cash flows from investing activities Investment earnings 134,027 16, , ,435 Net cash provided (used) by investing activities 134,027 16, , ,435 Net increase in cash and cash equivalents 681,005 1,027,733 1,708,738 3,961,786 Cash and cash equivalents, June 30, ,030,804 2,811,816 23,842,620 57,601,602 Cash and cash equivalents, June 30, 2015 $ 21,711,809 $ 3,839,549 $ 25,551,358 $ 61,563,388 Reconciliation of operating income (loss) to net cash provided (used) by operating activities: Operating income (loss) $ 1,363,163 $ (621,288) $ 741,875 $ 13,630,070 Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities Landfill closure and postclosure care costs 184, ,869 - Depreciation 1,001, ,862 1,918,074 2,206,670 (Increase) decrease in receivables (420,628) (12,274) (432,902) (10,763) (Increase) decrease in due from other funds (258,202) (Increase) decrease in inventories ,021 (Increase) decrease in prepaids - (22,544) (22,544) 9,605 Increase (decrease) in accounts payable 564,740 91, ,624 (680,706) Increase (decrease) in wages and benefits payable 18,401 5,539 23,940 28,964 Increase (decrease) in compensated absences payable 17,086 (2,841) 14,245 (11,073) Increase (decrease) in claims payable (1,253,000) Increase (decrease) in due to other funds 16,463 3,897 20,360 14,262 Increase (decrease) in unearned revenue - (28,788) (28,788) - Increase (decrease) in customer deposits 27,087 31,479 58,566 - Increase (decrease) in net OPEB obligation (850,468) (Increase) decrease in net pension asset (4,091,480) (1,917,263) (6,008,743) (6,198,767) (Increase) decrease in deferred outflows (50,781) (23,224) (74,005) (77,698) Increase (decrease) in deferred inflows 2,550,860 1,195,312 3,746,172 3,864,654 Net cash provided (used) by operating activities $ 1,180,992 $ (383,249) $ 797,743 $ 10,492,569 Reconciliation to Statement of Fund Net Assets Cash and cash equivalents $ 21,711,809 $ 3,839,549 $ 25,551,358 $ 61,563,388 Cash and cash equivalents, June 30, 2015 $ 21,711,809 $ 3,839,549 $ 25,551,358 $ 61,563,388 Noncash investing, capital, and financing activities: Net contributions of capital assets (to) from governmental funds $ - $ - $ - $ (744,419) Increase in fair value of investments 8,287-8,287 9,894

11 Statement of Fiduciary Net Position Property Tax Agency June 30, 2015 Property Tax Agency Assets Current assets Cash and cash equivalents $ 3,369,062 Receivables (net of uncollectibles): Investment earnings 1,211 Property taxes 30,780,959 Accounts 116,188 Total current assets 34,267,420 Total assets $ 34,267,420 Liabilities Current liabilities Accounts payable 72,160 Due to other governments 34,495,260 Total current liabilities 34,567,420 Total liabilites $ 34,567,420