Utilities & Finance Comprehensive Annual Financial Report (CAFR)

Town of Apex, North Carolina
Comprehensive Annual Financial Report
For the Year Ended June 30, 2009
Download Entire CAFR
SECTION 1:
TABLE OF CONTENTS
SECTION 2:
INTRODUCTORY SECTION
	Letter of Transmittal
	Certificate of Achievement for Excellence In Financial Reporting
	Elected Officials
	Appointed and Administrative Staff
	Organizational Chart
FINANCIAL SECTION
	Independent Auditor’s Report
	Management’s Discussion and Analysis
SECTION 3:
BASIC FINANCIAL STATEMENTS
Exhibit
Entity-Wide Financial Statements
1		Statement of Net Assets
2		Statement of Activities
Governmental Fund Financial Statements
3		Balance Sheet – Governmental Funds
		Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets
4		Statement of Revenues, Expenditures and Changes in Fund Balance – Governmental Funds
		Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balance of Governmental funds to the Statement of Activities
5		Statement of Revenues, Expenditures and Changes in Fund Balance – General Fund – Budget and Actual
Proprietary Fund Financial Statements
6		Statement of Net Assets – Proprietary Funds
7		Statement of Revenues, Expenses, and Changes in Fund Net Assets – Proprietary Funds
8		Statement of Cash Flows – Proprietary Funds
Fiduciary Fund Financial Statements
9		Statement of Fiduciary Net Assets - Pension Plan Trust Fund
10		Statement of Changes in Fiduciary Net Assets – Pension Plan Trust Fund
		Notes to the Financial Statements
Required Supplementary Information
	Law Enforcement Officers’ Special Separation Allowance Required Supplementary Information - Schedule of Employer’s Contributions
	Law Enforcement Officers’ Special Separation Allowance Required Supplementary Information - Schedule of Funding Progress
	Retirement Health Care Plan Required Supplementary Information - Schedule of Employer’s Contributions
	Retirement Health Care Plan Required Supplementary Information - Schedule of Funding Progress
SECTION 4:
Combining and Individual Fund Statements and Schedules
Statement / Schedule
1		General Fund - Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual
2		Capital Project Fund - Street Improvements Fund Schedule of Revenues and Expenditures - Budget and Actual
3		Nonmajor Governmental Funds - Combining Balance Sheet
4		Nonmajor Governmental Funds – Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Special Revenue Funds
5		Special Revenue Fund – Recreation Capital Reserve Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
6		Special Revenue Fund – Transportation Capital Reserve Fund Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual
7		Special Revenue Fund – Perry Library Fund Schedule of Revenues, Expenditures and Changes in  Fund Balance – Budget and Actual
Capital Project Funds
8		Capital Project Fund – Recreation Fund Schedule of Revenues and Expenditures – Budget and Actual
9		Capital Project Fund – General Projects Fund Schedule of Revenues and Expenditures – Budget and Actual
Permanent Fund
10		Permanent Fund – Cemetery Fund Schedule of Revenues and Expenditures – Budget and Actual
SECTION 5:
Enterprise Funds
11		Electric Operations – Schedule of Revenues and Expenditures – Budget and Actual (NON-GAAP)
12		Water and Sewer Fund – Schedule of Revenues and Expenditures – Budget and Actual (NON-GAAP)
13		Electric Substation Project - Schedule of Revenues and Expenditures – Budget and Actual (NON-GAAP)
14		Water/Sewer Project Fund - Schedule of Revenues and Expenditures –  Budget and Actual (NON-GAAP)
15		Waste Water Treatment Plant Project Fund - Schedule of Revenues and Expenditures - Budget and Actual (NON-GAAP)
16		Water/Sewer Capital Reserve Fund - Schedule of Revenues and Expenditures – and Changes in Fund Balance - Budget and Actual (NON-GAAP)
Internal Service Fund
17		Health and Dental Fund - Schedule of Revenues, Expenditures and Changes in Fund Balance - Financial Plan and Actual (NON-GAAP)
Supplemental Financial Data
18		General Fund - Schedule of Ad Valorem Taxes Receivable
19		Analysis of Current Tax Levy
20		General Obligation Debt Service Requirements and Maturity Schedule
SECTION 6:
STATISTICAL SECTION (Unaudited)
Table
1		Net Assets by Component
2		Changes in Net Assets
3		Governmental Activities Tax Revenues by Source
4		Fund Balances of Governmental Funds
5		Changes in Fund Balances of Governmental Funds
6		Assessed Value and Estimated Actual Value of Taxable Property
7		Property Tax Rates - Direct and Overlapping Governments
8		Property Tax Levies and Collections
9		Principal Property Taxpayers and Electric Ratepayers
10		Ratios of Outstanding Debt by Type
11		Ratios of General Bonded Debt Outstanding
12		Direct and Overlapping Governmental Activities Debt
13		Legal Debt Margin Information
14		Demographic and Economic Statistics
15		Principal Employers
16		Employee Position Authorization by Department
17		Operating Indicators by Function
18		Capital Asset Statistics by Function
SECTION 7:
COMPLIANCE SECTION
Federal and State Awards Compliance
		Report on Internal Control Over Financial Reportingand Compliance and Other Matters Based on an Audit Performed in Accordance With Government Auditing Standards
		Report on Compliance with Requirements Applicable to Each Major Federal Program and Internal Control Over Compliance in Accordance with OMB Circular A-133 and the State Single Audit Implementation Act
		Schedule of Findings and Questioned Costs
		Schedule of Findings and Responses of Significant Deficiencies in Internal Controls
		Schedule of Expenditures of Federal and State Awards