audit.03.e

Edmund Michael

Informations

• Publié par: Udru
• Nombre de lectures: 36
• Langue: English

Extrait

CITY OF CLARKSVILLE, TENNESSEE
REPORT OF AUDIT
JUNE 30, 2003
1
CITY OF CLARKSVILLE, TENNESSEE
REPORT OF AUDIT
JUNE 30, 2003

Table of Contents

INTRODUCTORY SECTION
Letter of Transmittal 1-4
Schedule of Officials 5
Organizational Chart 6

FINANCIAL SECTION
Independent Accountant’s Report 7-8
Management Discussion and Analysis 9-29
Basic Financial Statements:
Government-Wide Financial Statements
Statement of Net Assets 30-31
Statement of Activities 32-33
Fund Financial Statements
Balance Sheet-Governmental Funds 34
Reconciliation of the Balance Sheet of Governmental Funds
To the Statement of Net Assets 35
Statement of Revenues, Expenditures, and Changes in
Fund Balances-Governmental Funds 36
Reconciliation of the Statement of Revenues, Expenditures and
Changes in Fund Balances of Governmental Funds to
the Statement of Activities 37
Statement of Net Assets -Proprietary Funds 38-40
Statement of Revenues, Expenses, and Changes in Fund
Net Assets -Proprietary Funds 41-42
Combining Statement of Cash Flows -Proprietary Funds 43-45
Statement of Fiduciary Net Assets -Fiduciary Fund 46
Statement of Changes in Fiduciary Net Assets-Fiduciary Fund 47
Notes to Financial Statements 48-73
Required Supplementary Information:
Schedule of Funding Progress for Pension Plan 74
Modified Approach for Street Network Infrastructure Capital Assets 74-75
Budgetary Information 75
Budgetary Comparison Schedule -General Fund 76-80
Supplementary Information:
Non-Major Funds
Combining and Individual Fund Statements and Schedules
Combining Balance Sheet Non-Major Governmental Funds 81
Combining Statement of Revenue, Expenditures and Changes in
Fund Balances Non-Major Governmental Funds 82
Combining Balance Sheet-Special Revenue Funds 83

-Special Revenue Funds 84
Combining Statement of Net Assets -Non Major Proprietary Funds 85-86
Combining Statement of Revenue, Expenses and Changes in Fund Net
Assets -Non Major Proprietary Funds 87
Combining Statement of Cash Flows - 88-89
Internal Service Funds
-Internal Service Funds 90

Fund Net Assets -Internal Service Funds 91
-Internal Service Funds 92-93
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STATISTICAL SECTION
Schedule of Future Debt Service Requirements -Bonds Payable 94
-Notes Payable 95
-Parking Authority Note 96
Schedule of Bond and Interest Maturities (Jointly Issued)-
Gas, Water and Sewer Departments 97-98
Schedule of Bond and Note Principal and Interest Maturities-
Department of Electricity 99
-
Natural Gas Acquisition Corporation 100
Government-Wide Revenues and Expenditures-Primary Government-
For Fiscal Years Noted 101
Governmental Fund Expenditures and Financing Uses by Function
(General Fund) Last Ten Years 102
Governmental Fund Expenditures and Financing Uses by Function (in millions)
(General Fund, Special Revenue Funds, and Debt Service Fund) Last Ten Years 103
Governmental Fund Expenditures and Financing Uses by Function
(General Fund, Special Revenue Funds, Debt Service Fund, and Capital
Projects Fund) Last Ten Years 104
Governmental Revenues and Financing Uses by Sources (in millions)
(General Fund)Last Ten Years 104
Governmental Revenues and Financing Uses by Sources (in millions)
(General Fund, Special Revenue Funds, and Debt Service Fund) Last Ten Years 105
Governmental Revenues and Financing Uses by Sources (in millions)

Projects Fund) Last Ten Years 105
Property Tax Levies and Collections (in millions) Last Ten Years 106
Assessed and Estimated and Value of Properties – Last Ten Years 106
Property Tax Rates – All Overlapping Governments – Last Ten Fiscal Years 107
Ratio of General Net Bonded Debt to Assessed Value and Net Bonded Debt
Per Capita – Last Ten Years 107
Computation of Legal Debt Margin at June 30, 2003 108
Computation of Direct and Overlapping Debt at June 30, 2003 108
Ratio of Annual Debt Service for General Bonded Debt to Total Governmental
Fund Expenditures- Last Ten Years 109
Revenue Bond Coverage (in millions) Last Ten Years 109
Demographic Statistics 110
Property Values, Construction, Bank Deposits and Building Permits
(in Montgomery County)Last Ten Years 110
Deposits of all FDIC-Insured Institutions Operating in Montgomery County-
Last Ten Years 111
Ten Largest Locally Assessed Taxpayers - Tax Year 2002/Fiscal Year 2003 111
Miscellaneous Statistics 112-115

INTERNAL CONTROL AND COMPLIANCE SECTION
Schedule of Expenditures of Federal Awards 116-118
Schedule of Expenditures of State Awards 119
Report on Compliance and on Internal Control Over Financial Re porting
Based on an Audit of Financial Statements Performed in Accordance with
Government Auditing Standards 120-121
Report on Compliance with Requirements Applicable to each Major Program and
Internal Control over Compliance in Accordance with OMB Circular A-133 122-123
Schedule of Findings and Questioned Costs 124
Sche dule of Prior Audit Findings 125
Corrective Action Plan 126
3

COMPREHENSIVE ANNUAL FINANCIAL REPORT
LETTER OF TRANSMITTAL

May 28, 2004

The Citizens of the City of Clarksville
Mayor and Clarksville City Council
The Department of Finance and Revenue is pleased to submit the Comprehensive Annual Financial
Report (CAFR) of the City of Clarksville, Tennessee, for the fiscal year ended June 30, 2003.
This report is published to provide the City Council, City Staff, our citizens, our bondholders, and
other interested parties with detailed information concerning the financial condition and activities
of the City government. Responsibility for both the accuracy of the presented data and the
completeness and fairness of the presentation, including all disclosures, rests with the City of
Clarksville.
To the best of our knowledge, the enclosed data is accurate in all material respects and is presented
in a manner designed to fairly set forth the financial position and the results of operations of the
City, on a Government-wide and Fund basis. All disclosures necessary to enable the reader to gain
an understanding of the City’s financial activities have been included.
The Report
The Report is presented in three sections: Introductory, Financial, and Statistical. The
introductory section includes this transmittal letter, a listing of City Officials, and an organizational
chart of the City. The financial section includes a Management’s Discussion and Analysis
(MD&A), government-wide financial statements and combining and individual fund statements
and schedules, as well as the independent auditors’ report on the basic financial statements. The
Financial Section described above is prepared in accordance with generally accepted accounting
principles for governments as prescribed by the Governmental Accounting Standards Board
(GASB) and other professional and rule setting associations as applicable.
City Profile
The City of Clarksville is the fifth largest city (103,455 population based on 2000 census) in the
State of Tennessee. The City of Clarksville was organized under Chapter 292 of the 1957 Private
Acts of the General Assembly of the State of Tennessee. The City operates under a Mayor and City
Council form of government. The terms of office of the Mayor and City Council are for four years,
not to exceed three consecutive terms of office. The City Council consists of twelve members. The
City Council’s four year terms are staggered with one half of the City Council being elected every
two years. The Mayor and the City Council enact local laws, determine policies, and adopt an
annual budget. The Mayor is the administrative head of the government and is responsible for the
day-to-day administration operations of the city government.
1
Services Provided

The City provides to its citizens services that have proven to be necessary and meaningful and
which the City can more effectively and efficiently provide. Major services provided under the
general government and enterprise functions are:

1. Fire and Police protection (Public Safety);
2. Parks and Recreation facilities and programs (Social Services);
3. Two municipal golf courses (18 holes at Swan Lake Golf Course and 9 holes at Mason
Rudolph Golf Course);
4. Streets and infrastructure improvements and maintenance (Roads, Buildings, and
Grounds);
5. General administrative services (General Government);
6. Public transportation (Clarksville Transit System);
7. Parking facilities (Clarksville Parking Authority);
8. Electric service (Clarksville Department of Electricity);
9. Gas service (Clarksville Gas and Water Department); and
10. Water and sewer services (Clarksville Gas and Wa