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  • COMPREHENSIVE ANNUAL

    FINANCIAL REPORT

    Fiscal Period Ending September 30, 2011 Controller’s Office

    Genesee County, Michigan

  • COMPREHENSIVE ANNUAL FINANCIAL REPORT

    GENESEE COUNTY, MICHIGAN September 30, 2011 Board of Commissioners Jamie W. Curtis, Chairperson of the Board

    Archie H. Bailey Ted Henry

    Jamie W. Curtis

    Joseph Graves Miles T. Gadola John Northrup

    Prepared by: Controller: Independent Auditors: Controller’s Office George Martini Plante & Moran, PLLC

    Omar A. Sims

    Patrick F. Gleason

    Brenda Clack

  • CONTENTS

    COMPREHENSIVE ANNUAL FINANCIAL REPORT GENESEE COUNTY SEPTEMBER 30, 2011

    Pages Supplementary

    Financial Financial Statements Data

    Certificate of Achievement................................................................................ Inside Front Cover Organization Chart............................................................................................ 2 Transmittal Letter.............................................................................................. 3

    Report of Plante & Moran, PLLC, Auditors.......................................................................................................... 9 Management and Discussion Analysis .......................................................... 11

    Exhibit Basic Financial Statements Government-Wide Financial Statements:

    A-1 Statement of Net Assets…………………………………………………………… 19 A-2 Statement of Activities-

    Governmental, Business-type, and Component Units………………………… 20

    Fund Financial Statements: A-3-1 Balance Sheet-

    Assets Governmental Funds.............................................................………… 22 A-3-2 Balance Sheet-

    Liabilities and Fund Equities Governmental Funds...................................... 24 A-3-3 Reconciliation of the Balance Sheet of Governmental Funds

    to Statement of Net Assets……………………………………………………… 26 A-4 Statement of Revenues, Expenditures and Changes in Fund Balances-

    Governmental Funds……………………………………………….................... 28 A-5 Reconcilitation of the Statement of Revenues, Expenditures, and Changes

    in Fund Balances of Governmental Funds to the Statement of Activities..... 30 A-6 Balance Sheet-

    Proprietary Funds………............................................................................... 32 A-7 Statement of Revenues, Expenses and Changes in Fund Net Assets-

    Proprietary Funds………............................................................................... 34 A-8 Statement of Cash Flows-

    Proprietary Funds………............................................................................... 36 A-9 Statement of Fiduciary Net Assets

    Fiduciary Funds……….................................................................................. 38 A-10 Statement of Changes in Fiduciary Net Assets…………………………………… 39 A-11 Statement of Net Assets

    Component Units………………………………………………………………… 40 A-12 Statement of Activities

    Component Units………………………………………………………………… 42

    A-13 Notes to Financial Statements……………………………………………………………… 44

    Required Supplementary Information: General and Major Funds

    B-1 Schedule of Revenues and Other Sources-Budget and Actual General Fund………..................................................................................... 75

    B-2 Schedule of Expenditures and Appropriations- Budget and Actual General Fund………..................................................................................... 76

    B-3 Schedule of Revenues and Other Sources-Budget and Actual Major Special Revenue Funds………........................................................... 78

    B-4 Schedule of Expenditures and Appropriations- Budget and Actual Major Special Revenue Funds………........................................................... 79

    II

    INTRODUCTORY SECTION

    FINANCIAL SECTIONII.

    I.

  • Pages Supplementary

    Financial Financial Statements Data

    Other Supplemental Information Combining Fund Financial Statements: Nonmajor Governmental Funds

    C-1 Combining Balance Sheet................................................................................ 82 C-2 Combining Statement of Revenues, Expenses and

    Changes in Fund Balance............................................................................ 84

    Nonmajor Special Revenue Funds D-1 Combining Balance Sheet................................................................................ 90 D-2 Combining Statement of Revenues, Expenses and

    Changes in Fund Balance............................................................................ 94 D-3 Schedule of Revenues and Other Sources-Budget and Actual....................... 98 D-4 Schedule of Expenditures and Other Uses-Budget and Actual....................... 100

    Nonmajor Debt Service Funds E-1 Combining Balance Sheet................................................................................ 106 E-2 Combining Statement of Revenues Expenditures, and

    Changes in Fund Balance............................................................................ 108

    Nonmajor Capital Project Funds F-1 Combining Balance Sheet................................................................................ 114 F-2 Combining Statement of Revenues, Expenditures and

    Changes in Fund Balance............................................................................ 116

    Nonmajor Enterprise Funds G-1 Combining Balance Sheet................................................................................ 122 G-2 Combining Statement of Revenues, Expenses and

    Changes in Fund Net Assets....................................................................... 123 G-3 Combining Statement of Cash Flows……………………………………………… 124

    Internal Service Funds H-1 Combining Balance Sheet................................................................................ 128 H-2 Combining Statement of Revenues, Expenditures and

    Changes in Net Assets................................................................................. 130 H-3 Combining Statement of Cash Flows……………………………………………… 132

    Fiduciary Funds I-1 Combining Statements of Fiduciary Net Assets............................................... 138 I-2 Statement of Changes in Fiduciary Net Assets................................................ 140 I-3 Statement of Changes in Assets and Liabilities - Trust & Agency Funds........ 142

    General Capital Assets J-1 Capital Assets Used in Operations of Governmental Activities

    Schedule by Function and Activity……………………………………………… 146 J-2 Capital Assets Used in the Operation of Governmental Funds

    Schedule of Changes by Function and Activity……………………………… 148

    Component Units K-1 Combining Balance Sheet Brownfield Authority............................................... 152 K-2 Combining Statement of Revenues, Expenses and

    Changes in Fund Balance Brownfield Authority........................................... 153 K-3 Combining Balance Sheet Drain Special Assessment..................................... 154 K-4 Combining Statement of Revenues, Expenses and

    Changes in Fund Balance Drain Special Assessment................................. 156

    III

  • CONTENTS

    COMPREHENSIVE ANNUAL FINANCIAL REPORT GENESEE COUNTY SEPTEMBER 30, 2011 (Continued)

    Pages Supplementary

    Financial Financial Statements Data

    Table 1 Primary Government Net Assets by Component…………………………………………… 160 2 Governmental Activities Tax Revenues By Source………………………………………… 160 3 Changes in Governmental Net Assets………………………………………………………… 161 4 Demographic and Economic Statistics-Last Ten Fiscal Years……………………………… 163 5 Principal Employers-Current Year and Nine Years Ago…………………………………… 163 6 Changes in Fund Balances of Governmental Funds………………………………………… 164 7 Direct and Overlapping Property Tax Rates-Last Ten Fiscal Years……………………… 166 8 Taxable Value and Actual Value of Taxable Property……………………………………… 166 9 Principal Property Tax Payers………………………………………………………………… 168 10 Property Tax Levies and Collections………………………………………………………… 168 11 Ratios of General Bonded Debt Outstanding-Last Ten Fiscal Years……………………… 169 12 Direct and Overlapping Governmental Activities Debt……………………………………… 169 13 Ratios of Outstanding Debt…………………………………………………………………… 170 14 Fund Balances of Governmental Funds………………………………

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