2008 Audit

Michael Weber

Informations

• Publié par: Saep
• Nombre de lectures: 68
• Langue: English

Extrait

COLORADO

Comprehensive Annual Financial Report






For the Fiscal Year Ended
December 31, 2008


CITY OF LONE TREE
COMPREHENSIVE ANNUAL FINANCIAL REPORT
TABLE OF CONTENTS
For the Year Ended December 31, 2008

PAGE

Title Page ........................................................................................................................................1
Table of Contents.............................................................................................................................2

INTRODUCTORY SECTION
Letter of Transmittal ............................................................................................................5
Certificate of Achievement..................................................................................................9
Organization Chart.............................................................................................................10
List of Principal Officials...................................................................................................11

FINANCIAL SECTION
Independent Auditor’s Report............................................................................................12
Management’s Discussion and Analysis ...........................................................................13

Basic Financial Statements
Government-wide Financial Statements:
Statement of Net Assets.........................................................................................22
Statement of Activities...........................................................................................23
Fund Financial Statements:
Balance Sheet - Governmental Funds....................................................................24
Reconciliation of the Balance Sheet - Governmental Funds
to the Statement of Net Assets.........................................................................25
Statement of Revenues, Expenditures, and Changes in
Fund Balances (Deficits) - Governmental Funds.............................................26
Reconciliation of the Statement of Revenues, Expenditures, and
Changes in Fund Balances of Governmental Funds to the
Statement of Activities.....................................................................................27
Statement of Fiduciary Net Assets - Fiduciary Fund.............................................28
Notes to Financial Statements......................................................................................29

Required Supplemental Information
General Fund - Schedule of Revenues, Expenditures and Changes in
Fund Balances - Budget and Actual.......................................................................56
Special Revenue Fund - RidgeGate - Schedule of Revenues, Expenditures
and Changes in Fund Balances (Deficits) - Budget and Actual.............................62
Special Revenue Fund - Interchange - Schedule of Revenues, Expenditures
and Changes in Fund Balances - Budget and Actual.............................................64
Notes to Required Supplemental Information .............................................................65

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CITY OF LONE TREE
COMPREHENSIVE ANNUAL FINANCIAL REPORT
TABLE OF CONTENTS
For the Year Ended December 31, 2008
(Continued)

PAGE

Combining and Individual Fund Financial Statements and Schedules

Debt Service Funds
Debt Service Fund - Arts and Cultural Facilities - Schedule of Revenues,
Expenditures and Changes in Fund Balances - Budget and Actual.............................66
Debt Service Fund - Park and Recreation Improvements - Schedule of
Revenues, Expenditures and Changes in Fund Balances - Budget
and Actual ....................................................................................................................67

Component Unit
Park Meadows Business Improvement District - Balance Sheet.......................................68
Reconciliation of the Balance Sheet - Component Unit to the
Statement of Net Assets...............................................................................................69
Park Meadows Business Improvement District - Statement of
Revenues, Expenditures and Changes in Fund Balances.............................................70
Reconciliation of the Statement of Revenues, Expenditures, and
Changes in Fund Balances of the Component Unit to the Statement
of Activities..................................................................................................................71
Park Meadows Business Improvement District - General Fund -
Schedule of Revenues, Expenditures, and Changes in Fund Balances -
Budget and Actual........................................................................................................72
Park Meadows Business Improvement District - Debt Service Fund -
Schedule of Revenues, Expenditures, and Changes in Fund Balances -
Budget and Actual........................................................................................................73
Park Meadows Business Improvement District - Capital Projects Fund -
Schedule of Revenues, Expenditures, and Changes in Fund Balances -
Budget and Actual........................................................................................................74

Fiduciary Fund
Agency Fund - Statement of Changes in Assets and Liabilities........................................75

Other Supplemental Information
Schedule of Debt Service Requirements to Maturity ........................................................76
Local Highway Finance Report .........................................................................................78

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CITY OF LONE TREE
COMPREHENSIVE ANNUAL FINANCIAL REPORT
TABLE OF CONTENTS
For the Year Ended December 31, 2008
(Continued)

PAGE

STATISTICAL SECTION
Financial Trends
Net Assets by Component (Table 1)..................................................................................80
Changes in Net Assets (Table 2)........................................................................................81
Fund Balances, Governmental Funds (Table 3) ................................................................82
Changes in Fund Balances, Governmental Funds (Table 4)..............................................83
Revenue Capacity
Direct and Overlapping Sales Tax Rates (Table 5) ...........................................................84
Sales Tax Revenue Payers by Industry (Table 6) ..............................................................85
Sales Tax Revenue Collections (Table 7)..........................................................................86
Debt Capacity
Assessed Value and Estimated Actual Value of Taxable Property (Table 8)....................87
Property Tax Rates - Direct and Overlapping Governments (Table 9) .............................88
Ratios of Outstanding Debt by Type (Table 10)................................................................89
Revenue Bond Coverage (Table 11)..................................................................................90
Legal Debt Margin Information (Table 12) .......................................................................91
General Obligation Debt - Direct and Overlapping Governments (Table 13)...................92
Demographic and Economic Information
Demographic and Economic Statistics (Table 14).............................................................93
Principal Employers (Table 15).........................................................................................94
Operating Information
Full-time Equivalent City Government Employees by Function/Program (Table 16)......95
Operating Indicators by Function/Program (Table 17)......................................................96
Capital Asset Statistics by Function/Program (Table 18)..................................................97

SINGLE AUDIT SECTION AND OTHER REPORTS
Report on Internal Control Over Financial Reporting and on
Compliance and Other Matters Based on an Audit of
Financial Statements Performed in Accordance with
Government Auditing Standards.....................................................................................98
Report on Compliance with Requirements Applicable to Each
Major Program and on Internal Control Over Compliance in
Accordance with OMB Circular A-133........................................................................100
Summary of Results, Findings and Questioned Costs.....................................................102
Schedule of Expenditures of Federal Awards..................................................................103
Note to the Schedule of Expenditures of Federal Awards...............................................104

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