Comprehensive Annual Financial Report For the Fiscal Year Ended December 31, 2006 CITY OF LONE TREE, COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended December 31, 2006 Prepared by: Department of Finance CITY OF LONE TREE COMPREHENSIVE ANNUAL FINANCIAL REPORT TABLE OF CONTENTS For the Year Ended December 31, 2006 PAGE Title Page ........................................................................................................................................1 Table of Contents.............................................................................................................................2 INTRODUCTORY SECTION Letter of Transmittal ............................................................................................................4 Certificate of Achievement..................................................................................................8 Organization Chart...............................................................................................................9 List of Principal Officials...................................................................................................10 FINANCIAL SECTION Independent Auditor’s Report............................................................................................11 Management’s Discussion and Analysis ........... ...
Comprehensive Annual Financial Report
For the Fiscal Year Ended
December 31, 2006
CITY OF LONE TREE, COLORADO
COMPREHENSIVE ANNUAL FINANCIAL REPORT
For the Fiscal Year Ended
December 31, 2006
Prepared by:
Department of Finance
CITY OF LONE TREE
COMPREHENSIVE ANNUAL FINANCIAL REPORT
TABLE OF CONTENTS
For the Year Ended December 31, 2006
PAGE
Title Page ........................................................................................................................................1
Table of Contents.............................................................................................................................2
INTRODUCTORY SECTION
Letter of Transmittal ............................................................................................................4
Certificate of Achievement..................................................................................................8
Organization Chart...............................................................................................................9
List of Principal Officials...................................................................................................10
FINANCIAL SECTION
Independent Auditor’s Report............................................................................................11
Management’s Discussion and Analysis ...........................................................................12
Basic Financial Statements
Government-wide Financial Statements:
Statement of Net Assets.........................................................................................20
Statement of Activities...........................................................................................21
Fund Financial Statements:
Balance Sheet - Governmental Funds....................................................................22
Reconciliation of the Balance Sheet - Governmental Funds
to the Statement of Net Assets.........................................................................23
Statement of Revenues, Expenditures, and Changes in
Fund Balances - Governmental Funds.............................................................24
Reconciliation of the Statement of Revenues, Expenditures, and
Changes in Fund Balances of Governmental Funds to the
Statement of Activities.....................................................................................25
Statement of Fiduciary Net Assets - Fiduciary Fund.............................................26
Notes to Financial Statements......................................................................................27
Required Supplemental Information
General Fund - Schedule of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual ........................................................................49
Special Revenue Fund - Schedule of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual ........................................................................55
Combining and Individual Fund Financial Statements and Schedules
Statement of Changes in Assets and Liabilities -
Agency Fund.............................................................................................................57
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CITY OF LONE TREE
COMPREHENSIVE ANNUAL FINANCIAL REPORT
TABLE OF CONTENTS
For the Year Ended December 31, 2006
(Continued)
PAGE
Other Supplemental Information
Local Highway Finance Report ...................................................................................58
STATISTICAL SECTION
Financial Trends
Net Assets by Component (Table 1)..................................................................................60
Changes in Net Assets (Table 2)........................................................................................61
Fund Balances, Governmental Funds (Table 3) ................................................................62
Changes in Fund Balances, Governmental Funds (Table 4)..............................................63
Revenue Capacity
Direct and Overlapping Sales Tax Rates (Table 5) ...........................................................64
Sales Tax Revenue Payers by Industry (Table 6) ..............................................................65
Sales Tax Revenue Collections (Table 7)..........................................................................66
Debt Capacity
Assessed Value and Estimated Actual Value of Taxable Property (Table 8)....................67
Property Tax Rates - Direct and Overlapping Governments (Table 9) .............................68
General Obligation Debt - Direct and Overlapping Governments (Table 10)...................69
Demographic and Economic Information
Demographic and Economic Statistics (Table 11).............................................................70
Principal Employers (Table 12).........................................................................................71
Operating Information
Full-time Equivalent City Government Employees by Function/Program (Table 13)......72
Operating Indicators by Function/Program (Table 14)......................................................73
Capital Asset Statistics by Function/Program (Table 15)..................................................74
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CITY OF LONE TREE
ORGANIZATION CHART
December 31, 2006
Ciittiizzeens of
Cittiizzeenns of
Loonnee Tree
Loonnee Tree
Boardss,, CCommissions
MAYYOOR AND
MAYYOORR AND Boards,, CCoommissions
and CCoommittees
CITYY CCOUNCIL
CITY CCOOUNCIL and CCoommmittees
Louis Gresshh
Louis Gresshh
Gary Whhiittee
Gary Whiittee
Municipal Coouurrt
Municipal Coouurrtt
City Attorrnneey
City Attorrnneeyy
Judge
Judge
Jack Hidahl
Jack Hidahl
City Manager
City Manager
Michelle Kivela
Michelle Kivela
Deputy
Deputy
Seth Hoffman
Seth Hoffman
City Manager
City Manager
Assistant
Assistant
City Manager
City Manager
Community Administrative
Community Administrative
Police Finance Building
Public Works
Police Finance Building
Public Works
Development Services
Development Services
Department Department Department
Department
Department Department Department
Department
Department Department
Department Department
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