Office of the Washoe County Comptroller
COMPREHENSIVE ANNUAL FINANCIAL REPORT for the
YEAR ENDED JUNE 30, 2005
Presented by:
Katherine L. Garcia, CPA, CPFO, Comptroller
TABLE OF CONTENTS
I. INTRODUCTORY SECTION
Letter of Transmittal
Board of County Commissioners
Listing of County Officials
Organization Chart
Certificate of Achievement for Excellence in Financial Reporting
II. FINANCIAL SECTION
Independent Auditors Report
Managements Discussion and Analysis (required supplementary information)
Basic Financial Statements:Government-wide Financial Statements:
Fund Financial Statements:
Governmental Funds:
Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Assets
Statement of Revenues, Expenditures and Changes in Fund Balances
Statement of Revenues, Expenditures and Changes in Fund Balances Budget and Actual:
Major Special Revenue Fund:
Pre-Funded Retiree Health Benefits Fund
Proprietary Funds:
Statement of Net Assets
Statement of Revenues, Expenses and Changes in Net Assets
Statement of Cash Flows
Fiduciary Funds:
Statement of Fiduciary Net Assets
Statement of Changes in Fiduciary Net Assets
Supplementary Information:
Combining and Individual Fund Statements and Schedules:
Nonmajor Governmental Funds:
Combining Balance Sheet
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Governmental Funds:
Schedules of Revenues, Expenditures and Changes in Fund Balances Budget and Actual
General Fund
Special Revenue Funds:
Nonmajor Special Revenue Funds:
Combining Balance Sheet
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Schedules of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual:
Agricultural Extension Fund
Child Protective Services Fund
Administrative Assessment Fund
Regional Public Safety Training Center Fund
Truckee Meadows Fire Protection District-General Fund
Truckee Meadows Fire Protection District-Stabilization Fund
Truckee Meadows Fire Protection District-Vacation and Sick Leave Accrual Fund
Truckee Meadows Fire Protection District-Pre-Funded Retiree Health Benefits Fund
Debt Service Funds:
Major Debt Service Fund:
Schedule of Revenues, Expenditures and Changes in Fund Balances-Budget and Actual:
Special Assessment Debt Service Fund
Nonmajor Debt Service Funds:
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Schedules of Revenues, Expenditures and Changes in Fund Balances-Budget and Actual:
Truckee Meadows Fire Protection District-Debt Service Fund
Capital Projects Funds:
Major Capital Projects Funds: Schedules of Revenues, Expenditures and Changes in Fund Balances-Budget and Actual:
Public Works Construction Fund
Nonmajor Capital Projects Funds:
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Schedules of Revenues, Expenditures and Changes in Fund Balances-Budget and Actual:
Capital Facilities Fund
Special Assessment Projects Fund
Stormwater Impact Fee Fund
Alturas Power Mitigation Fund
Baseball Stadium Fund
Truckee Meadows Fire Protection District-Construction Fund
Enterprise Funds:Major Enterprise Fund:
Water Resources Fund:
Schedule of Revenues, Expenses and Changes in Net Assets-Budget and Actual
Schedule of Cash Flows-Budget and Actual
Nonmajor Enterprise Funds:
Combining Statement of Net Assets
Combining Statement of Revenues, Expenses and Changes in Net Assets
Combining Statement of Cash Flows
Golf Course Fund:
Schedule of Revenues, Expenses and Changes in Net Assets-Budget and Actual
Schedule of Cash Flows-Budget and Actual
Building and Safety Fund:
Schedule of Revenues, Expenses and Changes in Net Assets-Budget and Actual
Schedule of Cash FlowsBudget and Actual
South Truckee Meadows General Improvement District:
Schedule of Revenues, Expenses and Changes in Net Assets-Budget and Actual
Schedule of Cash Flows-Budget and Actual
Internal Service Funds:
Combining Statement of Net Assets
Combining Statement of Revenues, Expenses and Changes in Net Assets
Combining Statement of Cash Flows
Risk Management Fund:
Schedule of Revenues, Expenses and Changes in Net Assets-Budget and Actual
Schedule of Cash Flows-Budget and Actual
Health Benefits Fund:
Schedule of Revenues, Expenses and Changes in Net AssetsBudget and Actual
Schedule of Cash Flows-Budget and Actual
Equipment Services Fund:
Schedule of Revenues, Expenses and Changes in Net AssetsBudget and Actual
Schedule of Cash Flows-Budget and Actual
Truckee Meadows Fire Protection DistrictWorkers Compensation Fund:
Schedule of Revenues, Expenses and Changes in Net AssetsBudget and Actual
Schedule of Cash Flows-Budget and Actual
Fiduciary Funds
Combining Statement of Changes in Assets and LiabilitiesAgency Funds
III. STATISTICAL SECTION - Unaudited
Financial Trends:
Schedule 1.4, Changes in Fund Balances, Governmental Funds, Last Ten Fiscal Years
Revenue Capacity:
Schedule 2.2, Direct and Overlapping Property Tax Rates, Last Ten Fiscal Years
Schedule 2.3, Assessed and Estimated Actual Value of Taxable Property, Last Ten Fiscal Years
Schedule 2.4, Property Tax Levies and Collections for All Governments, Last Ten Fiscal Years
Debt Capacity:
Schedule 3.1, Ratio of Outstanding Debt by Type, Last Ten Fiscal Years
Schedule 3.2, Legal Debt Margin Computation, Last Ten Fiscal Years
Schedule 3.3, General Obligation Direct and Overlapping Debt
Schedule 3.4, Pledged Revenue Coverage, Last Ten Fiscal Years
Demographic and Economic Information:
Schedule 4.1, Demographic and Economic Statistics, Last Ten Fiscal Years
Schedule 4.2, Principal Employers Current Year and Nine Years Ago
Operating Information:
Schedule 5.1, Full-Time Equivalent Washoe County Employees by Function, Last Ten Fiscal Years
Schedule 5.2, Operating Indicators by Function/Program, Last Ten Fiscal Years
Schedule 5.3, Capital Assets Statistics by Function/Program, Last Ten Fiscal Years
IV. COMPLIANCE SECTION
Schedule of Expenditures of Federal Awards
Notes to Schedule of Expenditures of Federal Awards
Schedule of Findings and Questioned Costs
Summary Schedule of Prior Audit Findings
Auditors Comments (link includes all of the following):
Statute Compliance
Progress on Prior Year Statute Compliance
Prior Year Recommendations
Current Year Recommendations
Nevada Revised Statutes 354.6115
Independent Accountants Report on Nevada Revised Statute 354.6241
Schedules of Revenues, Expenditures and Changes in Fund Balances Budget and Actual
General Fund
Combining Statement of Net Assets
Combining Statement of Revenues, Expenses and Changes in Net Assets
Combining Statement of Cash Flows
Schedule of Revenues, Expenses and Changes in Net Assets-Budget and Actual
Schedule of Revenues, Expenses and Changes in Net Assets-Budget and Actual
Schedule of Cash FlowsBudget and Actual
Schedule of Revenues, Expenses and Changes in Net Assets-Budget and Actual
Schedule of Cash Flows-Budget and Actual
Internal Service Funds:
Combining Statement of Net Assets
Combining Statement of Revenues, Expenses and Changes in Net Assets
Combining Statement of Cash Flows
Risk Management Fund:
Schedule of Revenues, Expenses and Changes in Net Assets-Budget and Actual
Schedule of Cash Flows-Budget and Actual
Health Benefits Fund:
Schedule of Revenues, Expenses and Changes in Net AssetsBudget and Actual
Schedule of Cash Flows-Budget and Actual
Equipment Services Fund:
Schedule of Revenues, Expenses and Changes in Net AssetsBudget and Actual
Schedule of Cash Flows-Budget and Actual
Truckee Meadows Fire Protection DistrictWorkers Compensation Fund:
Schedule of Revenues, Expenses and Changes in Net AssetsBudget and Actual
Schedule of Cash Flows-Budget and Actual
Fiduciary Funds
Combining Statement of Changes in Assets and LiabilitiesAgency Funds
III. STATISTICAL SECTION - Unaudited
Financial Trends:
Schedule 1.4, Changes in Fund Balances, Governmental Funds, Last Ten Fiscal Years
Revenue Capacity:
Schedule 2.2, Direct and Overlapping Property Tax Rates, Last Ten Fiscal Years
Schedule 2.3, Assessed and Estimated Actual Value of Taxable Property, Last Ten Fiscal Years
Schedule 2.4, Property Tax Levies and Collections for All Governments, Last Ten Fiscal Years
Debt Capacity:
Schedule 3.1, Ratio of Outstanding Debt by Type, Last Ten Fiscal Years
Schedule 3.2, Legal Debt Margin Computation, Last Ten Fiscal Years
Schedule 3.3, General Obligation Direct and Overlapping Debt
Schedule 3.4, Pledged Revenue Coverage, Last Ten Fiscal Years
Demographic and Economic Information:
Schedule 4.1, Demographic and Economic Statistics, Last Ten Fiscal Years
Schedule 4.2, Principal Employers Current Year and Nine Years Ago
Operating Information:
Schedule 5.1, Full-Time Equivalent Washoe County Employees by Function, Last Ten Fiscal Years
Schedule 5.2, Operating Indicators by Function/Program, Last Ten Fiscal Years
Schedule 5.3, Capital Assets Statistics by Function/Program, Last Ten Fiscal Years
IV. COMPLIANCE SECTION
Schedule of Expenditures of Federal Awards
Notes to Schedule of Expenditures of Federal Awards
Schedule of Findings and Questioned Costs
Summary Schedule of Prior Audit Findings
Auditors Comments (link includes all of the following):
Statute Compliance
Progress on Prior Year Statute Compliance
Prior Year Recommendations
Current Year Recommendations
Nevada Revised Statutes 354.6115
Independent Accountants Report on Nevada Revised Statute 354.6241
Fiduciary Funds
Combining Statement of Changes in Assets and LiabilitiesAgency Funds
III. STATISTICAL SECTION - Unaudited
Financial Trends:
Schedule 1.4, Changes in Fund Balances, Governmental Funds, Last Ten Fiscal Years
Revenue Capacity:
Schedule 2.2, Direct and Overlapping Property Tax Rates, Last Ten Fiscal Years
Schedule 2.3, Assessed and Estimated Actual Value of Taxable Property, Last Ten Fiscal Years
Schedule 2.4, Property Tax Levies and Collections for All Governments, Last Ten Fiscal Years
Debt Capacity:
Schedule 3.1, Ratio of Outstanding Debt by Type, Last Ten Fiscal Years
Schedule 3.2, Legal Debt Margin Computation, Last Ten Fiscal Years
Schedule 3.3, General Obligation Direct and Overlapping Debt
Schedule 3.4, Pledged Revenue Coverage, Last Ten Fiscal Years
Demographic and Economic Information:
Schedule 4.1, Demographic and Economic Statistics, Last Ten Fiscal Years
Schedule 4.2, Principal Employers Current Year and Nine Years Ago
Operating Information:
Schedule 5.1, Full-Time Equivalent Washoe County Employees by Function, Last Ten Fiscal Years
Schedule 5.2, Operating Indicators by Function/Program, Last Ten Fiscal Years
Schedule 5.3, Capital Assets Statistics by Function/Program, Last Ten Fiscal Years
IV. COMPLIANCE SECTION
Schedule of Expenditures of Federal Awards
Notes to Schedule of Expenditures of Federal Awards
Schedule of Findings and Questioned Costs
Summary Schedule of Prior Audit Findings
Auditors Comments (link includes all of the following):
Statute Compliance
Progress on Prior Year Statute Compliance
Prior Year Recommendations
Current Year Recommendations
Nevada Revised Statutes 354.6115
Independent Accountants Report on Nevada Revised Statute 354.6241
Schedule 2.3, Assessed and Estimated Actual Value of Taxable Property, Last Ten Fiscal Years
Schedule 2.4, Property Tax Levies and Collections for All Governments, Last Ten Fiscal Years
Schedule 3.1, Ratio of Outstanding Debt by Type, Last Ten Fiscal Years
Schedule 3.2, Legal Debt Margin Computation, Last Ten Fiscal Years
Schedule 3.3, General Obligation Direct and Overlapping Debt
Schedule 3.4, Pledged Revenue Coverage, Last Ten Fiscal Years
Schedule 4.1, Demographic and Economic Statistics, Last Ten Fiscal Years
Schedule 4.2, Principal Employers Current Year and Nine Years Ago
Schedule 5.1, Full-Time Equivalent Washoe County Employees by Function, Last Ten Fiscal Years
Schedule 5.2, Operating Indicators by Function/Program, Last Ten Fiscal Years
Schedule 5.3, Capital Assets Statistics by Function/Program, Last Ten Fiscal Years
IV. COMPLIANCE SECTION
Schedule of Expenditures of Federal Awards
Notes to Schedule of Expenditures of Federal Awards
Schedule of Findings and Questioned Costs
Summary Schedule of Prior Audit Findings
Auditors Comments (link includes all of the following):
Statute Compliance
Progress on Prior Year Statute Compliance
Prior Year Recommendations
Current Year Recommendations
Nevada Revised Statutes 354.6115
Independent Accountants Report on Nevada Revised Statute 354.6241