new city of pembroke pines, florida · pdf file 2011. 1. 12. · the city of...

Click here to load reader

Post on 11-Oct-2020

0 views

Category:

Documents

0 download

Embed Size (px)

TRANSCRIPT

  • City of Pembroke Pines, Florida

    Fiscal Year Ended September 30, 2009

    Table of Contents

    PAGE I. INTRODUCTORY SECTION

    Letter of Transmittal ................................................................................................................ i Certificate of Achievement for Excellence in Financial Reporting .......................................... x List of City Officials ............................................................................................................... xi Organizational Chart ............................................................................................................... xii

    II. FINANCIAL SECTION

    Independent Auditors’ Report....................................................................................................1

    Management's Discussion and Analysis ....................................................................................3

    Basic Financial Statements:

    Government-wide Financial Statements: Statement of Net Assets.....................................................................................................23 Statement of Activities ......................................................................................................24

    Fund Financial Statements: Balance Sheet - Governmental Funds............................................................................... 25 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Assets ................................................................................................ 26 Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds ...................................................................................................27 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities .....................28 Statement of Net Assets - Proprietary Funds.....................................................................29 Statement of Revenues, Expenses and Changes in Fund Net Assets-Proprietary Funds ..31 Statement of Cash Flows - Proprietary Funds ...................................................................32 Statement of Fiduciary Net Assets - Fiduciary Funds .......................................................34 Statement of Changes in Fiduciary Net Assets - Fiduciary Funds ....................................35 Notes to Basic Financial Statements.....................................................................................36

    Required Supplementary Information: Schedule of Contributions from Employer and Other Contributing Entities –

    General Employees Pension Plan, City Pension Fund for Firefighters and Police Officers and Other Post-Employment Benefits (OPEB) ...................................120

    Schedule of Funding Progress- General Employees Pension Plan, City Pension Fund for Firefighters and Police Officers, and OPEB...........................................................121 Budgetary Comparison Schedule – General Fund...........................................................122 Notes to Budgetary Comparison Schedule ......................................................................124

  • City of Pembroke Pines, Florida

    Fiscal Year Ended September 30, 2009

    Table of Contents

    PAGE II. FINANCIAL SECTION (Continued) Combining and Individual Fund Statements and Schedules: Combining Balance Sheet-Nonmajor Governmental Funds ........................................... 126 Combining Statement of Revenues, Expenditures and Changes in Fund Balances-Nonmajor Governmental Funds ......................................................128 Schedules of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual: Debt Service Fund ............................................................................................................. 130 Nonmajor Governmental Funds: Road and Bridge Fund.....................................................................................................131 Law Enforcement Grant ..................................................................................................131 ADA Paratransit Program................................................................................................132 Police Community Service Grant ....................................................................................132 State Housing Initiative Program.....................................................................................133 Elementary Schools Chartered by Broward County School Board .................................133

    Middle Schools Chartered by Broward County School Board........................................134 High School Chartered by Broward County School Board.............................................134 Elementary School Chartered by Florida State University..............................................135

    Housing and Urban Development Grant .........................................................................135 Community Bus Program ................................................................................................136 Older Americans Act .......................................................................................................136 Treasury Confiscated .......................................................................................................137 Justice Confiscated ..........................................................................................................137 $2 Police Education .........................................................................................................138 FDLE Confiscated ...........................................................................................................138 Wetland Mitigation Trust Fund .......................................................................................139 Combining Statement of Fiduciary Net Assets – Pension/ OPEB Trust Funds .....................140 Combining Statement of Changes in Fiduciary Net Assets – Pension/OPEB Trust Funds ...141 Combining Statement of Changes in Assets and Liabilities - Agency Funds........................142

    III. STATISTICAL SECTION Financial Trends:

    Net Assets by Component...................................................................................................143 Changes in Net Assets ........................................................................................................144 Governmental Activities Tax Revenues by Source ........................................................... 146 Fund Balances of Governmental Funds ..............................................................................147 Changes in Fund Balances of Governmental Funds ...........................................................148 General Governmental Tax Revenue by Source.................................................................149 Revenue Capacity: Assessed Value and Estimated Actual Value of Taxable Property.....................................150 Property Tax Rates..............................................................................................................151 Principal Property Taxpayers..............................................................................................152 Property Tax Levies and Collections ..................................................................................153

  • City of Pembroke Pines, Florida

    Fiscal Year Ended September 30, 2009

    Table of Contents

    PAGE

    III. STATISTICAL SECTION (Continued)

    Debt Capacity: Ratios of Outstanding Debt by Type ..................................................................................154 Ratios of General Bonded Debt Outstanding......................................................................155 Direct and Overlapping Governmental Activities Debt......................................................156 Pledged-Revenue Coverage ................................................................................................157 Demographic and Economic Information: Demographic and Economic Statistics .............................................................................. 159 Principal Employers............................................................................................................160 Operating Information: Full-time Equivalent City Government Employees by Function........................................161 Operating Indicators by Function ...................................................................................... 162 Capital Asset Statistics by Function .................................................................................. 163 Other Information: Property Assessed Value, Outstanding Debt, Legal Debt Limit and Covenants ............... 164 Debt Service Coverage – Electric Public Service Tax....................................................... 169 Debt Service Coverage – Electric Franchise Fees ..............................................................170 Debt Service Coverage – Rentals .......................................................................................171 Debt Service Coverage – Communications Services Tax and Water Public Service Tax..172 Schedule of Debt Service on Outstanding Bonds ...............................................................1