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Publié par | Ustli |
Nombre de lectures | 10 |
Langue | English |
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CITY OF COOS BAY, OREGON
ANNUAL FINANCIAL REPORT
For the Year Ended June 30, 2005 CITY OF COOS BAY, OREGON
ANNUAL FINANCIAL REPORT
For the Year Ended June 30, 2005
TABLE OF CONTENTS
Page
CITY OFFICIALS 1
FINANCIAL SECTION
Independent Auditor’s Report 2
Management’s Discussion and Analysis 3-9
Basic Financial Statements
Government-Wide Financial Statements
Statement of Net Assets 10
Statement of Activities and Changes in Net Assets 11
Fund Financial Statements
Governmental Funds
Balance Sheet 12
Statement of Revenues, Expenditures, and Changes in Fund Balances 13
Reconciliation of the Statement of Revenues, Expenditures, and
Changes in Fund Balances of Governmental Funds to the
Statement of Activities 14
Proprietary Funds
Statement of Net Assets 15
Statement of Revenues, Expenses, and Changes in Fund Net Assets 16
Statement of Cash Flows 17
Notes to the Basic Financial Statements 18-35
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget
and Actual - Major Funds
Governmental
General Fund 36
Major Capital Improvement Fund 37
Jurisdictional Exchange Reserve Fund 38
Proprietary
Wastewater Fund 39 CITY OF COOS BAY, OREGON
ANNUAL FINANCIAL REPORT
For the Year Ended June 30, 2005
TABLE OF CONTENTS (continued)
Page
OTHER SUPPLEMENTARY INFORMATION
Combining, Individual Funds, and Other Financial Schedules
Combining Balance Sheet - Nonmajor Governmental Funds 40
Special Revenue Funds 41
Debt Service Funds 42
Capital Projects Funds 43
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances - Nonmajor Governmental Funds 44
Special Revenue Funds 45
Debt Service Funds 46
Capital Projects Funds 47
Budgetary Comparison Schedules
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget
and Actual - Nonmajor Governmental Funds
Special Revenue
State Gas Tax Fund 48
Special Police Fund 49
Hotel/Motel Tax Fund 50
Library Fund 51
Debt Service
General Obligation Bond Redemption Fund 52
Revenue Bond Fund 53
Capital Projects
Street Improvement Fund 54
Parks Improvement Fund 55
Bike/Pedestrian Path Construction Fund 56
Special Improvement Fund 57
Insurance Reserve Fund 58
Public Works Equipment Reserve Fund 59 CITY OF COOS BAY, OREGON
ANNUAL FINANCIAL REPORT
For the Year Ended June 30, 2005
TABLE OF CONTENTS (continued)
Page
Minor Capital Improvement Fund 60
Technology Reserve Fund 61
Proprietary
Combining Balance Sheet 62
ning Schedule of Revenues, Expenses and Changes in Fund Net Assets 63
Budgetary Comparison Schedules
Schedule of Revenues, Expenditures, and Changes in Fund Balances
- Budget and Actual - Nonmajor Proprietary Funds
Wastewater Equipment Reserve Fund 64
Building Codes Fund 65
Building Codes Reserve Fund 66
ACCOMPANYING INFORMATION
Auditor’s Reports and Comments
Report on Compliance and on Internal Control over Financial Reporting
Based on an Audit of Financial Statements Performed in Accordance
with Government Auditing Standards 67
Independent Auditor’s Comments 68-69 CITY OF COOS BAY, OREGON
CITY OFFICIALS
June 30, 2005
Mayor and City Council:
Joe Benetti, Mayor
260 South Broadway
Coos Bay, OR 97420
Jeff McKeown, Council President
890 Telegraph Drive
Coos Bay, OR 97420
Jon Eck
1476 Juniper Street
Coos Bay, OR 97420
Roger Gould
th2675 N. 16 Court
Coos Bay, OR 97420
John Muenchrath
2500 Koosbay Blvd
Coos Bay, OR 97420
Cindi Miller
th1076 South 4 Street
Coos Bay, OR 97420
Kevin Stufflebean
250 Johnson, Space #40
Coos Bay, OR 97420
Scott McClure, City Manager
500 Central Avenue
Coos Bay, OR 97420
Janell Howard, Finance Director/City Recorder
500 Central Avenue
Coos Bay, OR 97420
Nathan McClintock, City Attorney
500 Central Avenue
Coos Bay, OR 97420
FINANCIAL SECTION CERTIFIED PUBLIC ACCOUNTANTS ALL & ALL, P.C.W W
J. ROBERT WALL, C.P.A.
KAREN S. WALL, C.P.A
INDEPENDENT AUDITOR’S REPORT
To the Governing Body of the City of Coos Bay, Oregon:
We have audited the accompanying financial statements of the governmental activities, the business-type
activities, the aggregate discretely presented component unit, each major fund, and the aggregate remaining fund
information of the City of Coos Bay, Oregon, as of and for the year ended June 30, 2005, which collectively
comprise the City’s basic financial statements as listed in the table of contents. These financial statements are
the responsibility of the City of Coos Bay, Oregon’s management. Our responsibility is to express opinions on
these basic financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in the United States of America
and the standards applicable to the financial audits contained in Government Auditing Standards issued by the
Comptroller General of the United States. 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 examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.
An audit also includes 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 opinions.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective
financial position of the governmental activities, the business-type activities, the aggregate discretely presented
component unit, each major fund, and the aggregate remaining fund information of the City of Coos Bay, Oregon,
as of June 30, 2005, 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.
As described in NOTE 1, the City reports a component unit for the fiscal year ended June 30, 2005.
In accordance with Government Auditing Standards, we have also issued a report dated October 7, 2005, on our
consideration of the City of Coos Bay, Oregon’s internal control over financial reporting and our tests of its
compliance with certain provisions of laws, regulations, contracts, and grants. That report is an integral part of an
audit performed in accordance with Government Auditing Standards and should be read in conjunction with this
report in considering the results of our audit.
The management’s discussion and analysis and budgetary comparison information on pages 3 through 9, are not
a required part of the basic financial statements but are supplementary information required by accounting
principles generally accepted in the United States of America. We have applied certain limited procedures, which
consisted principally of inquiries of management regarding the methods of measurement and presentation of the
required supplementary information. However, we did not audit the information and express no opinion on it.
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise
the City of Coos Bay, Oregon’s basic financial statements. The combining and individual nonmajor fund financial
statements, and accompanying supplemental schedules are presented for purposes of additional analysis and are
not a required part of the basic financial statements. The combining and individual nonmajor fund financial
statements have been subjected to the auditing procedures applied in the audit of the basic financial statements
and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a
whole. The introductory section and statistical tabl