2016 Comprehensive Annual Financial Report

Print
Press Enter to show all options, press Tab go to next option
RSS
View the entire document as one PDF file 

The links below go directly to the respective sections of the financial report.

Title Page 

INTRODUCTORY SECTION
Letter of Transmittal 
Town of Cary Mission Statement and Statement of Values
Certificate of Achievement for Excellence in Financial Reporting
Members of Town Council
Appointed and Administrative Staff
Town Boards and Commissions
Area Map and History of the Town of Cary
Responsibilities of Town Government
Organizational Chart

FINANCIAL SECTION
Report of Independent Auditor
Management's Discussion and Analysis

Exhibit 

BASIC FINANCIAL STATEMENTS 

Entity-Wide Financial Statements 
A - Statement of Net Position 
B - Statement of Activities 

Governmental Fund Financial Statements
C - Balance Sheet - Governmental Funds
D - Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position 
E - Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds 
F - Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 
G - General Fund - Budgetary Comparison Statement 
H - Transit Special Revenue Fund - Budgetary Comparison Statement 
I – Emergency Telephone System Special Revenue Fund - Budgetary Comparison Statement 

Proprietary Fund Financial Statements 
J - Statement of Net Position - Proprietary Funds 
K - Statement of Revenues, Expenses, and Changes in Fund Net Position - Proprietary Funds 
L - Statement of Cash Flows - Proprietary Funds 

Notes to the Basic Financial Statements

REQUIRED SUPPLEMENTARY INFORMATION 

Law Enforcement Officers' Separation Allowance Required Supplemental Information
Local Government Employee Retirement System (LGERS) 
Other Post-Employment Benefits Required Supplemental Information 

SUPPLEMENTARY INFORMATION 

Schedule 

Capital Project Fund 
1 - Capital Project Fund - Sub-Fund Combining Balance Sheet 
2 - Capital Project Fund - Sub-Fund Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances 
3 - Street Project Sub-Fund - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
4 - Downtown Project Sub-Fund - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
5 - Parks and Recreation Project Sub-Fund - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
6 - Fire Project Sub-Fund - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 
7 - General Governmental Project Sub-Fund - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 
8 - General Capital Reserve Sub-Fund - Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 

Utility System Enterprise Fund 
9 - Utility Systems Enterprise Fund - Sub-Fund Combining Statement of Net Position 
10 - Utility Systems Enterprise Fund - Sub-Fund Combining Schedule of Revenues, Expenses, and Changes in Fund Net Position 
11 - Utility System Operations Sub-Fund - Schedule of Revenues, Expenditures, and Changes in Fund Net Position - Budget and Actual (NON-GAAP) 
12 - Water Project Sub-Fund - Schedule of Revenues, Expenditures, and Changes in Fund Net Position - Budget and Actual (NON-GAAP) 
13 - Sewer Project Sub-Fund - Schedule of Revenues, Expenditures, and Changes in Fund Net Position - Budget and Actual (NON-GAAP) 
14 - Utility System Capital Reserve Sub-Fund - Schedule of Revenues, Expenditures, and Changes in Fund Net Position - Budget and Actual (NON-GAAP) 

Internal Service Funds 
15 - Internal Service Funds - Combining Statement of Net Position 
16 - Internal Service Funds - Combining Schedule of Revenues, Expenses, and Changes in Fund Net Position 
17 - Internal Service Funds - Combining Statement of Cash Flows 
18 - Fleet Management Internal Service Fund - Schedule Of Revenues, Expenditures, and Changes In Fund Net Position - Budgeted and Actual (NON-GAAP) 
19 - Health Insurance Internal Service Fund - Schedule of Revenues, Expenditures, and Changes in Fund Net Position - Budgeted and Actual (NON-GAAP) 

Other Fund Schedules
20 - Community Development Block Grant Special Revenue Fund Budgetary Comparison Schedule – Multi-Year 
21 - Economic Development Special Revenue Fund Budgetary Comparison Schedule – Multi-Year

Table 

STATISTICAL SECTION (Unaudited) 

1 - Net Position by Component, Last Ten Fiscal Years 
2 - Changes in Net Position, Last Ten Fiscal Years 
3 - Fund Balances, Governmental Funds, Last Ten Fiscal Years 
4 - Changes in Fund Balances, Governmental Funds, Last Ten Fiscal Years 
5 - Governmental Fund Expenditures by Function, Last Ten Fiscal Years
6 - Utility System Enterprise Fund Expenditures by Function, Last Ten Years 
7 - Governmental Fund Revenues by Source, Last Ten Fiscal Years 
8 - Utility System Enterprise Fund Revenues by Source, Last Ten Fiscal Years 
9 - Assessed Value of Taxable Property, Last Ten Fiscal Years 
10 - Comparison of Town of Cary and Wake County Assessed Values, Last Ten Fiscal Years 
11 - Property Tax Rates-Direct and Overlapping Governments, Last Ten Fiscal Years 
12 - Principal Property Taxpayers, Nine Years Ago and Current Year 
13 - Property Tax Levies and Collections, Last Ten Fiscal Years 
14 - Ad Valorem Taxes Receivable, Current Year and Last Nine Fiscal Years
15 - Analysis of Current Tax Levy 
16 - Ratios of Outstanding Debt by Type, Last Ten Fiscal Years 
17 - Ratio of Net General Bonded Debt to Assessed Value and Bonded Debt per Capita, Last Ten Fiscal Years 
18 - Computation of Legal Debt Margin, Last Ten Fiscal Years 
19 - Computation of Direct and Overlapping Debt 
20 - Bond Coverage Combined Enterprise System Bonds, Last Ten Fiscal Years 
21 - Ratio of Annual Debt Service Expenditures for Bonded Debt to Total General Expenditures, Last Ten Fiscal Years 
22 - Demographic Statistics, Last Ten Fiscal Years 
23 - Principal Employers, Nine Years Ago and Current Year 
24 - Commercial Activity, Last Ten Fiscal Years 
25 - Employee Position Authorization by Department, Last Ten Fiscal Years 
26 - Operating Indicators by Function/Program, Last Ten Fiscal Years 
27 - Capital Assets by Function/Program, Last Ten Fiscal Years 
28 - Insurance in Force, July 1, 2015 – June 30, 2016 
29 - Top Ten Utility Customers 
30 - Utility Rate Information, From Fiscal Year Approved Operating Budget Ordinance 

COMPLIANCE SECTION 

Federal and State Awards Compliance 

Schedule of Expenditures of Federal and State Awards 

Notes to Schedule of Expenditures of Federal and State Awards 

Report of Independent Auditor on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 

Report on Compliance for Each Major Federal Program; Report on Internal Control Over Compliance; with the OMB Uniform Guidance and the State Single Audit Implementation Act 

Report on Compliance with Requirements Applicable to Each Major State Program and Internal Control over Compliance in Accordance with the Uniform Guidance and the State Single Audit Implementation Act 

Schedule of Findings and Questioned Costs 

Corrective Action Plan 

Summary Schedule of Prior Year Audit Findings 

Covenant Compliance 

Report of Independent Auditor on Revenue Bond Covenant 

Revenue Bond Statement of Revenues, Expenses, Debt Service, and Debt Service Coverage

Free viewers are required for some of the attached documents.
They can be downloaded by clicking on the icons below.

Acrobat Reader Flash Player QuickTime Windows Media Player Microsoft Silverlight Word Viewer Excel Viewer PowerPoint Viewer