Audit report cover sheet Jan07

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CITYOFSYLVANIA
LUCASCOUNTY
REGULARAUDIT
FORTHEYEARENDEDDECEMBER31,2005CITY OF SYLVANIA
LUCAS COUNTY

TABLE OF CONTENTS

TITLE PAGE

Independent Accountants’ Report..................................................................................................................................1

Management’s Discussion and Analysis........................................................................................................................3

Basic Financial Statements
Government Wide Financial Statements:
Statement of Net Assets.................................................................................................................................13

Statement of Activities.............................14

Fund Financial Statements:
Governmental Funds
Balance Sheet - Governmental Funds............................................................................................................16

Reconciliation of Total Governmental Fund Balances to
Net Assets of Governmental Activities..................................................................................................18

Statement of Revenues, Expenditures, and Changes in
Fund Balances - Governmental Funds ...................................................................................................20

Reconciliation of the Statement of Revenues, Expenditures, and
Changes in Fund Balances of Governmental Funds to the
Statement of Activities...........................................................................................................................22

Statement of Revenues, Expenditures, and Changes in Fund Balance –
Budget and Actual (Non-GAAP Budgetary Basis): General Fund ......................................................23

Statem
Budget and Actual (Non-GAAP Budgetary Basis): Police Pension Fund ...........................................24

Statem
Budget and Actual (Non-GAAP Budgetary Basis): Income Tax Fund ................................................25

Fund Financial Statements:
Proprietary Funds Statement of Net Assets.................................................................................................................................26

Statement of Revenues, Expenses, and Changes in Fund Net Assets ............................................................27

Statement of Cash Flows..........................28

Fiduciary Fund Statement of Net Assets............................29

Notes to the Basic Financial Statements......................................................................................................................30

Independent Accountants’ Report on Internal Control Over Financial
Reporting and on Compliance and Other Matters Required by
Government Auditing Standards............................................................................................................................63

Schedule of Findings ...................................................................................................................................................65

Schedule of Prior Audit Findings ................................................................................................................................66

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INDEPENDENT ACCOUNTANTS’ REPORT


City of Sylvania
Lucas County
6730 Monroe Street
Sylvania, OH 43560-1948

To City Council:

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 City of Sylvania, Lucas County, Ohio (the
City), as of and for the year ended December 31, 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’s
management. Our responsibility is to express opinions on these financial statements based on our audit.

Except as discussed in the following paragraph, we conducted our audit in accordance with auditing standards
generally accepted in the United States of America and the standards applicable to financial audits contained in the
Comptroller General of the United States’ Government Auditing Standards. Those standards require that we plan
and perform the audit to reasonably assure 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 our audit provides a
reasonable basis for our opinions.

Insurance claims reported in the Self-Insurance Fund (an internal service fund, included in the governmental
activities and as remaining fund information) are processed by a service organization independent of the City. The
service organization did not provide us with information we requested regarding the design or proper operation of its
internal controls. We were, therefore, unable to satisfy ourselves as to the proper processing of health insurance
claims expenses and liabilities. Those claims represent 8.7% of expenses reported with governmental activities and
23.9% of the expenses reported with the remaining fund information.

The City did not accrue liabilities for health insurance claims incurred but not reported with its governmental
activities or with its remaining fund information. We are unable to estimate these amounts; however, we presume
they are material liabilities reported with governmental activities and remaining fund information.



One Government Center / Room 1420 / Toledo, OH 43604‐2246 
Telephone:  (419) 245‐2811         (800) 443‐9276          Fax:  (419) 245‐2484 
www.auditor.state.oh.us 
- 1 - City of Sylvania
Lucas County
Independent Accountants’ Report


In our opinion, except for the effects of such adjustments, if any as might have been necessary had we been able to
examine certain information regarding health insurance claims, and except for the omission of a liability for health
insurance claims, the financial statements referred to above present fairly in all material respects, the respective
financial position of the governmental activities and the aggregate remaining fund information of the City of
Sylvania, Lucas County, Ohio, as of December 31, 2005, and the respective changes in financial position and where
applicable, cash flows, thereof, for the year then ended in conformity with accounting principles generally accepted
in the United States of America.

Also In our opinion, the financial statements referred to above present fairly in all material respects, the respective
financial position of the business-type activities and each major fund of the City of Sylvania, Lucas County, Ohio, as
of December 31, 2005, and the respective changes in financial position and where applicable, cash flows, thereof,
and the respective budgetary comparisons for the General, Police Pension, and Income Tax funds for the year then
ended in conformity with accounting principles generally accepted in the United States of America.

In accordance with Government Auditing Standards, we have also issued our report dated March 8, 2007, on our
consideration of the City’s internal control over financial reporting and our tests of its compliance with certain
provisions of laws, regulations, contracts and grant agreements and other matters. While we did not opine on the
internal control over financial reporting or on compliance, that report describes the scope of our testing of internal
control over financial reporting and compliance and the results of that testing. That report is an integral part of an
audit performed in accordance with Government Auditing Standards. You should read it in conjunction with this
report in assessing the results of our audit.

Management’s Discussion and Analysis is not a required part of the basic financial statements but is supplementary
information accounting principles generally accepted in the United States of America requires. We have applied
certain limited procedures, consisting principally of inquiries of management regarding the methods of measuring
and presenting the required supplementary information. However, we did not audit the information and express no
opinion on it.






Mary Taylor, CPA
Auditor of State



March 8, 2007
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CITY OF SYLVANIA, OHIO

Management’s Discussion and Analysis
For the Year Ended December 31, 2005 Unaudited


The discussion and analysis of the City of Syl