2009 auditx

Kmorave

Informations

• Publié par: Methong
• Nombre de lectures: 61
• Langue: English

Extrait

CHARTER TOWNSHIP OF BRIGHTON











REPORT ON AUDIT OF
FINANCIAL STATEMENTS
AND SUPPLEMENTARY INFORMATION













FOR THE YEAR ENDED MARCH 31, 2009
PFEFFER, HANNIFORD & PALKA
Certified Public Accountants CHARTER TOWNSHIP OF BRIGHTON





TOWNSHIP OFFICIALS

Supervisor - Thomas Murphy
Clerk - Ann Bollin
Treasurer - Lana Theis





BOARD OF TRUSTEES

Ann Bollin
Cathy Doughty
Lana Theis
Thomas Murphy
Jim Kovitz
John Rogers
J. Michael Slaton






TOWNSHIP ATTORNEY

John K. Harris
Harris & Literski





TOWNSHIP AUDITORS

Pfeffer, Hanniford & Palka
Certified Public Accountants

PFEFFER, HANNIFORD & PALKA
Certified Public Accountants TABLE OF CONTENTS


PAGE NUMBER


INDEPENDENT AUDITORS' REPORT

MANAGEMENT DISCUSSION AND ANALYSIS 9

BASIC FINANCIAL STATEMENTS

GOVERNMENT - WIDE FINANCIAL STATEMENTS
Statement of Net Assets 16
of Activities 17

FUND FINANCIAL STATEMENTS
Balance Sheet - Governmental Funds 19
Reconciliation of Statement of Net Assets of Governmental Funds
to the Balance Sheet 20
Statement of Revenues, Expenditures, and Changes in Fund Balances -
Governmental Funds 21
Reconciliation of Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities 22
Statement of Net Assets - Proprietary Fund 23
of Revenues, Expenses and Changes in Fund Net Assets -
Proprietary Funds 24
Statement of Cash Flows - Proprietary Funds 25
of Assets and Liabilities - Fiduciary Funds 26


NOTES TO FINANCIAL STATEMENTS 28


REQUIRED SUPPLEMENTARY INFORMATION
General Fund - Statement of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual 47
Schedules of Pension Funding Progress (Unaudited) 48

SUPPLEMENTARY INFORMATION

COMBINING FINANCIAL STATEMENTS
All Special Revenue Funds - Combining Balance Sheet 51
All Capital Project Funds - Combining Balance Sheet 53
All Agency Funds - Combining Balance Sheet 54
All Special Revenue Funds - Combining Statement of Revenues,
Expenditures and Changes in Fund Balances 55
All Capital Project Funds - Combing Statement of Revenues,
Expenditures and Changes in Fund Balances 56
All Enterprise Funds - Combining Statement of Revenues,
Expenses and Changes in Retained Earnings 57
All Enterprise Funds - Combining Statement of Cash Flows 58

PFEFFER, HANNIFORD & PALKA
Certified Public Accountants TABLE OF CONTENTS


PAGE NUMBER

INDIVIDUAL FUNDS

GENERAL FUND
Balance Sheet 61
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual 62
Statement of Revenues - Budget and Actual 63
Statement of Expenditures - Budget and Actual 64

PARKS FUND
Balance Sheet 71
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual 72

CEMETERY FUND
Balance Sheet 74
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual 75

BUILDING DEPARTMENT FUND
Balance Sheet 77
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual 78
Statement of Revenues - Budget and Actual 79

BUDGET STABILIZATION FUND
Balance Sheet 81
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual 82

LIQUOR LAW ENFORCEMENT FUND
Balance Sheet 84
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual 85

FUTURE ROAD IMPROVEMENT FUND
Balance Sheet 87
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual 88

SAD ROAD MAINTENANCE FUND
Balance Sheet 90
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual 91

AQUATICS FUND
Balance Sheet 93
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual 94

PFEFFER, HANNIFORD & PALKA
Certified Public Accountants TABLE OF CONTENTS


PAGE NUMBER

ROAD PROJECTS FUND
Balance Sheet 96
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual 97

LAKESHORE WATER IMPROVEMENT FUND
Balance Sheet 99
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual 100

STREETLIGHT FUND
Balance Sheet 102
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual 103

MUNICIPAL REFUSE FUND
Balance Sheet 105
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual 106

PATHWAYS FUND
Balance Sheet 108
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual 109

WATER DEBT SERVICE FUND
Balance Sheet 111
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual 112

BUILDING AUTHORITY FUND
Balance Sheet 114
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual 115

MUNICIPAL WATER FUND
Balance Sheet 117
Statement of Revenues, Expenditures and Changes
in Fund Balance 118

CONFERENCE CENTER DRIVE WATER CONSTRUCTION FUND
Balance Sheet 120
Statement of Revenues, Expenditures and Changes
in Fund Balance 121

WATER FUND
Statement of Revenues, Expenses and Changes
in Retained Earnings 123
Statement of Cash Flows 124
PFEFFER, HANNIFORD & PALKA
Certified Public Accountants TABLE OF CONTENTS



PAGE NUMBER

SEWER FUND
Balance Sheet 126
Statement of Fund Equity 127
Statement of Revenues and Expenses 128
Statement of Cash Flows 129

TRUST AND AGENCY FUND
Balance Sheet 131

CURRENT TAX COLLECTION FUND
Balance Sheet 133

CONSTRUCTION ESCROW FUND
Balance Sheet 135
PFEFFER, HANNIFORD & PALKA
Certified Public Accountants
June 1, 2009

Board of Trustees
Charter Township of Brighton
4363 Buno Road
Brighhton, Michigann 48114

INDEPENDENT AUDITORS' REPORT

Honorable Board of Trustees:

We have audited the accompanying financial statements of the governmental activities, the business-type activities, each
major fund, and the aggregate remaining fund information of the Charter Township of Brighton, as of and for the year
endeed March 31, 22009, which ccollectively comprise the Chharter Townshhip of Brighton’s basic financial statements as listed
in the table of contents. These financial statements are the responsibility of the Charter Township of Brighton’s
management. Our responsibility is to express opinions on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as
a bassis for designing audit proccedures that aare appropriatte in the circumstances, buut not for the ppurpose of exxpressing an
opinion on the effectiveness of the Township’s internal control over financial reporting. Accordingly, we express no such
opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements, assessing the accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our
opinion.

In ouur opinion, thee financial staatements refeerred to abovee present fairrly, in all mateerial respectss, the respecttive financial
position of the Charter Township of Brighton, as of March 31, 2009, and the respective changes in financial position and
cash flows, where applicable, thereof for the year then ended in conformity with accounting principles generally accepted
in the United States of America.

The Management’s Discussion and Analysis and other required supplementary information on pages 9 through 13 and 47
through 48 are not a required part of the basic financial statements but are supplementary information required by
accounting principples generallyy accepted in the United SStates of