CAFR 2008


2008 pic 

COMPREHENSIVE ANNUAL FINANCIAL REPORT

 

The CAFR is an in-depth, detail report containing the County's financial statements for the fiscal year ended September 30, 2008.

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You can view and download individual sections of the CAFR report from the Table of Contents (below) or click here to download the entire CAFR in a single PDF.


     
 

TABLE OF CONTENTS

   
     

INTRODUCTORY SECTION

Clerk and Accountants' Letter of Transmittal 

V

Certificate of Achievement for Excellence in Financial Reporting 

XVIII

Principal Officials 

XIX

Organizational Chart 

XX

   
   

FINANCIAL SECTION

Independent Auditor's Report 

1

MANAGEMENT'S DISCUSSION AND ANALYSIS 

3

   

BASIC FINANCIAL STATEMENTS:

   
 

Government-wide Financial Statements:

   

Statement of Net Assets 

18

   

Statement of Activities 

19

   
 

Fund Financial Statements:

   

Balance Sheet - Governmental Funds 

20

   

Statements of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds 

21

   

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 Balances - Budget and Actual - General Fund 

23

   

Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Special Revenue Grants 

24

   

Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Impact Fees 

25

   

Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Indigent Healthcare 

26

Statement of Net Assets - Proprietary Funds 

27

   

Statement of Revenue, Expenses, and Changes in Fund Net Assets - Proprietary Funds 

28

   

Statement of Cash Flows - Proprietary Funds 

29

   

Statement of Fiduciary Net Assets - Agency Fund 

31

 

Notes to the Financial Statements 

32

       

REQUIRED SUPPLEMENTAL INFORMATION:

 
   

Statement of Fiduciary Net Assets - Agency Fund 

70

     

COMBINING AND INDIVIDUTAL FUND SCHEDULES:

   
 

Other Major Fund:

   

Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Public Safety Capital Improvement Fund 

72

     
 

Nonmajor Funds:

 

Combining Balance Sheet - Nonmajor Governmental Funds 

76

 

Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Governmental Funds 

80

   

Budgetary Comparison Schedules 

84

   
 

Internal Service Funds:

 

Combining Statement of Net Assets - Internal Service Funds 

121

   

Combining Statements of Revenues, Expenses, and Changes in Fund Net Assets - Internal Service Funds 

122

   

Combining Statement of Cash Flows - Internal Service Funds 

123

     
 

Agency Funds:

   

Combining Statement of Fiduciary Net Assets Cash Flows - All Agency Funds 

125

   

Combining Statement of Charges in Net Assets - All Agency Funds 

126

   
     

STATISTICAL SECTION

All Financial Trends:

 

Net Assets by Component - Last Five Years 

128

 

Changes in Net Assets - Last Five Years 

129

 

Fund Balances - Governmetnal Funds, Last Five Years 

130

 

Changes in Fund Balances - Governmental Funds, Last Ten Years 

131

 

Revenue Capacity:

 

Just Value and Estimated Actual Value of Taxable Property, Last Ten Years 

132

Direct and Overlapping Property Tax Rates, Last Ten Years 

133

 

Principal Property Tax Payers, Current Year adn Nine Years Ago 

134

 

Property Tax Levies and Collections, Last Ten Years 

135

   

Debt Capacity:

 

Ratios of Outstanding Debt by Type, Last Ten Years 

136

 

Direct and Overlapping Government Activities Debt 

137

Pledge Revenue Coverage, Last Ten Years, Sales Tax Revenue Bonds 

138

 

Pledge Revenue Coverage, Last Ten Years, Constitutional Fuel Tax Revenue Refunding Bonds 

139

 

Pledge Revenue Coverage, Last Ten Years, Local Option Fuel Tax and Public Service Tax Bonds 

140

 

Pledge Revenue Coverage, Last Ten Years, Public Service Tax Revenue Bonds 

141

 

Pledge Revenue Coverage, Last Ten Years, Water and Swere Bonds 

142

   

Demographic and Economic:

 

Demographic and Economic Statistics, Last Ten Years 

143

 

Principal Employers, Last Year and Nine Years Ago 

144

   

Operating:

 

Operating Indicators by Function and Program 

145

 

Full-time Equivalent County Government Employes by Fuction, Last Ten Years 

147

 

Capital Assests Statistics by Function and Program 

148

   

Other Supplemental Schedules:

 

Capital Improvement Revenue Bonds, Series 2000, 2002, 2004 and 2004A Continueing Disclosure, Ditribution Percentages, Historical Sales Taxe Revenues of the County 

149

 

Public Facilities Revenue Bonds, Series 2005 Continuing Disclosure, County Revenure Sharing Apportionment Factor Data, Revenue Sharing Trust Fund for Counties Receipts 

150

 

Public Facilites Revenue Bonds, Series 2005 Continuing Disclosure, Pledged Revenue Share Monies, Pro Forma Deb Coverage 

151

 

Constitutional Fuel Tax Revenue Refunding Bonds, Series 2006 Continuing Disclosure, Historical Destribution of Constitutional Fuel Tax Revenues to Polk County, Historical and Pro Forma Debt Service Coverage 

152

 

Constitutional Fuel Tax Revenue Refunding Bonds, Series 2006 Continuing Disclosure, Historical Gasoline Sales, Population Count, Distribution Factor and Relative Land Area for Polk County 

153

 

Transportation Improvement Revenue Bonds, Series 2000 and 2004 Continuing Disclosure, Annual Share of Polk County Fuel Tax Revenue, Motor Fuel Gallons Sold in Polk County 

154

 

Transportation Improvement Revenue Bonds, Series 2000 and 2004 Continuing Disclosure, Polk County Distribution Percentages(Under Ordinance No. 87.04 Annual Public Service Tax Revenue) 

155

 

Utility Systems Revenue Bonds, Series 1997B, 2003, 2004A and 2004B Continuing Disclosure, Historical Revenues and Expenses 

156

 

Utility Systems Revenue Bonds, Series 1997B, 2003, 2004A and 2004B Continuing Disclosure, Residental Water, Wastewater and Reclaimed Water Rates 

158

  Utility Systems Revenue Bonds, Series 1997B, 2003, 2004A and 2004B Continuing Disclosure, Water System Permitted Capacity, Actual Demand and Peak Demands 

166

 

Utility Systems Revenue Bonds, Series 1997B, 2003, 2004A and 2004B Continuing Disclosure, Wastewater System Permitted Capacity, Actual Flows and Peak Flows 

167

 
   

COMPLIANCE SECTION

Independent Auditor's Report on Compliance and on Internal Control Over Financial Reporting Based on an Audit of Basic Financial Statements Performed in Accordance with Governmental Auditing Standards 

168

Independent Auditor's Report on Schedule of Federal and State Financial Assistance 

170

Schedule of Federal and State Financial Assistance 

171

Notes to Schedule of Federal and State Financial Assistance 

185

Independent Auditor's Report on Compliance and Internal Control Over Compliance Applicable to Each Major Federal Program and State Project 

187

Schedule of Findings and Questioned Costs 

189

 

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Last modified: May 16, 2009

Stacy M. Butterfield

CPA

Clerk of Courts

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