Finance Department - 2004 Fiscal Report

This comprehensice annual financial report for the fiscal year ended June 30, 2004 is made available online in PDF format. It is available by section for broadband users or by sub-section for dial-up users.

City of Milton-Freewater, Oregon Comprehensive Annual Financial Report For Fiscal Year Ended June 30, 2004

Prepared by:
Finance Department - Luke Billings, Accounting Supervisor and Dave Richmond, Finance Director

INTRODUCTORY SECTION:

FINANCIAL SECTION:

SUPPLEMENTARY INFORMATION:

COMBINING STATEMENTS-NONMAJOR GOVERNMENTAL FUNDS:

  • Combining balance sheet:
    • Governmental funds, Pg 77
    • Special revenue funds, Pg 78
    • Debt service funds, Pg 79
    • Combining statements of revenue, expenditures, and changes in fund balances:
    • Governmental funds, Pg 80
    • Special revenue funds 81-82
    • Debt service funds 83

COMBINING STATEMENTS-NONMAJOR PROPRIETARY FUNDS:

  • Combining statement of net assets:
    • Nonmajor enterprise funds, Pg 85-86
    • Internal service funds, Pg 87-88
    • Combining statement of revenue, expenses, and changes in net assets:
    • Nonmajor enterprise funds, Pg 90
    • Internal service funds, Pg 91-92
    • Combining statement of cash flows
    • Nonmajor enterprise funds, Pg: 93-94
    • Internal service funds, Pg 95-98

BUDGETARY COMPARISONS:

Schedule of revenue, expenditures, and changes in fund balance - budget and actual

Governmental funds:

  • Nonmajor special revenue funds:
    • Street improvement fund, Pg 104
    • Senior/disabled transportation fund, Pg 105
    • Drug enforcement fund, Pg 106
    • 911 fund, Pg 107
    • Urban renewal agency fund, Pg 108
  • Debt service funds:
    • Debt service fund, Pg 111
    • Unbonded assessment fund, Pg 112
  • Proprietary funds:
    • Electric fund, Pg 116
    • Electric capital replacement reserve fund, Pg 117
    • Electric operating and maintenance fund , Pg118
    • Water fund, Pg 119
    • Sewer fund , Pg120
    • Sewer improvement fund, Pg 121
    • Solid waste fund, Pg 122
    • Landfill closure fund, Pg 123
    • Golf course fund, Pg 124
    • Warehouse fund, Pg 125
    • Vehicle maintenance fund, Pg 126
    • Vehicle replacement fund, Pg 127
    • Sick leave liability fund, Pg 128
    • Risk management fund, Pg 129

CAPITAL ASSETS USED IN OPERATION OF GOVERNMENTAL FUNDS:

  • Pages 131-133
    • Schedule by source, Pg 131
    • Schedule by function and activity, Pg 132
    • Schedule of changes by function and activity, Pg 133

OTHER FINANCIAL SCHEDULES:

  • Pages 136-141
    • Schedule of property tax transactions, Pg 136
    • Schedule of bond and interest retirement requirements, Pg 137-140
    • Schedule of bond transactions, Pg 141

STATISTICAL SECTION – UNAUDITED:

  • Statistical Section (ALL)
  • Pages 144-164
    • General governmental expenditures by function – last ten fiscal years, Pg 144
    • General governmental revenue and other financing sources by source – last ten fiscal years, Pg 145
    • Property tax levies and collection – last ten fiscal years, Pg 146
    • Assessed value of taxable property – Last ten fiscal years, Pg 147
    • Property tax rates – direct and overlapping governments – last ten fiscal years, Pg 148
    • Special assessment collections – last ten fiscal years, Pg 149
    • Ratio of net general bonded debt to assessed value and net bonded debt per capita – last ten fiscal years, Pg 150
    • Computation of legal debt limit, Pg 151
    • Ratio of annual general obligation and bonded debt service expenditures to general governmental expenditures – last ten fiscal years, Pg 152
    • Revenue bond coverage – last ten fiscal years, Pg 153-154
    • Demographic statistics – 1960, 1970, 1980, 1985, 1990, 2000, Pg 155
    • Largest taxpayers – current fiscal year, Pg 156
    • Schedule of Insurance in Force, Pg 157
    • Comparative schedule of profit and loss – last ten fiscal years:
      • Electric fund, Pg 158
      • Water fund, Pg 159
      • Sewer fund , Pg160
      • Solid waste fund, Pg 161
      • Golf course fund, Pg 162
      • Miscellaneous statistics, Pg 163-164

AUDIT COMMENTS AND DISCLOSURES REQUIRED BY STATE REGULATIONS:

  • Audit Comments and Disclosures (ALL)
  • Pages 167-168
    • Independent auditors' comments and disclosures required by state regulations, Pg 167
    • Independent auditors' report on compliance and on internal control over financial reporting based on an audit of financial statements performed in accordance with government auditing standards, Pg 168