COMPREHENSIVE ANNUAL FINANCIAL REPORT
For the Fiscal Year Ending June 30, 2004
Table of Contents
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Page
General information about the Borough................................................................................................................... i
Vicinity map ....................................................................................................................................................... ii
Letter of transmittal............................................................................................................................................. iii
Certificate of Achievement for Excellence in Financial
Reporting............................................................................ xvii
Organization chart............................................................................................................................................. xix
List of principal officials....................................................................................................................................... xx
Independent
Auditor’s Report .................................................................................................................... 1
Basic Financial Statements and Required Supplementary
Information (RSI)
Management’s
discussion and analysis (RSI).............................................................................................. 5
Basic financial statements
Government-wide financial statements
Statement
of net assets................................................................................................................... 28
Statement of activities...................................................................................................................... 32
Balance
sheet - governmental funds................................................................................................... 36
Statement
of revenues, expenditures and changes in fund balances - governmental funds....................... 40
Statement
of net assets - proprietary funds........................................................................................ 44
Statement
of revenues, expenses and changes in net assets - proprietary funds.................................... 50
Statement
of cash flows - proprietary funds........................................................................................ 56
Statement
of net assets - fiduciary fund............................................................................................. 60
Budgetary comparisons - general and major special revenue funds with annual budgets:
Statement
of revenues and expenditures - budget and actual - general fund..................................... 61
Statement of revenues
and expenditures - budget and actual - all service areas............................... 64
Notes
to the financial statements............................................................................................................ 77
Required
supplementary information (RSI)
Schedule
of PERS funding progress - pension and postemployment healthcare benefits............................. 117
Combining
balance sheet - nonmajor governmental funds................................................................... 121
Combining
statement of revenues, expenditures and
changes
in fund balances - nonmajor governmental funds..................................................................................... 122
Comparative
balance sheet............................................................................................................. 123
Comparative
statement of revenues, expenditures and changes in fund balance................................... 124
Combining
balance sheet - nonmajor special revenue funds................................................................ 128
Combining
statement of revenues, expenditures and
changes
in fund balances - nonmajor special revenue funds............................................................. 130
Program-length
schedule of revenues and expenditures - budget and actual - state grants.................... 132
Program-length
schedule of revenues and
expenditures
- budget and actual - federal pass-through grants........................................................ 133
Program-length
schedule of revenues and expenditures - budget and actual - federal grants.................. 134
Program-length
schedule of revenues and expenditures - budget and actual - local programs................ 135
Comparative
statement of revenues,
expenditures
and changes in fund balance - enhanced 911.............................................................. 136
Schedule
of revenues, expenditures and
changes
in fund balance - budget and actual - enhanced 911........................................................... 137
Comparative
statement of revenues,
expenditures
and changes in fund balance - non-areawide............................................................... 138
Schedule
of revenues, expenditures and
changes
in fund balance - budget and actual - non-areawide............................................................ 139
Comparative
statement of revenues,
expenditures
and changes in fund balance - solid waste collection district........................................ 140
Schedule
of revenues, expenditures and
changes
in fund balance - budget and actual - solid waste collection district..................................... 141
Comparative
statement of revenues, expenditures and changes in fund balance - library....................... 142
Balance
sheet - all service areas..................................................................................................... 144
Schedule
of revenues, expenditures and changes in fund balances - all service areas........................... 170
Comparative
balance sheet............................................................................................................. 197
Comparative
statement of revenues, expenditures and changes in fund balance................................... 198
Schedule
of revenues, expenditures and changes in fund balance - budget and actual.......................... 199
Combining
balance sheet - nonmajor capital projects funds................................................................ 202
Combining
statement of revenues, expenditures and
changes
in fund balances - nonmajor capital projects funds............................................................. 203
Project-length
schedule of revenues and
expenditures
- budget and actual - capital projects funds................................................................. 204
Comparative
statement of net assets - transit................................................................................... 210
Comparative
statement of revenues, expenses and changes in net assets - transit............................... 212
Comparative
statement of net assets - land...................................................................................... 214
Comparative
statement of revenues, expenses and changes in net assets - land.................................. 216
Comparative
statement of net assets - Carlson Center....................................................................... 218
Comparative
statement of revenues, expenses and changes in net assets - Carlson Center.................. 220
Comparative
statement of net assets - solid waste disposal............................................................... 222
Comparative
statement of revenues, expenses and changes in net assets - solid waste
disposal.......... 224
Comparative
statement of net assets - vehicle and equipment fleet..................................................... 227
Comparative
statement of revenues,
expenses
and changes in net assets - vehicle and equipment fleet.................................................. 228
Statement
of changes in assets and liabilities - taxes........................................................................ 231
Schedule Page
Cash and investment balances classified
by depository - all funds and School District..................... 1.................... 233
Combined schedule of delinquent taxes
receivable by fund type..................................................... 2.................... 235
Combined schedule of long-term debt.......................................................................................... 3.................... 236
Combined schedule of investments - all
funds and School District.................................................. 4.................... 246
Calculation of the change in the fair
value of investments - aggregate method.................................. 5.................... 247
Table Page
Government-wide revenues............................................................................................................. I................. 250
Government-wide expenses by
function.......................................................................................... II................. 252
General revenues by source.......................................................................................................... III................. 255
General expenditures by function................................................................................................... IV................ 256
Fund balances of governmental
funds............................................................................................. V................. 258
Property tax levies and
collections................................................................................................. VI................ 260
Assessed and estimated actual
value of taxable property................................................................ VII................ 261
Property tax rates and tax levies
- this borough and all underlying governments................................ VIII................ 262
Ratio of net bonded debt to
assessed value and net general bonded debt per capita........................... IX................. 266
Special assessment billings and
collections.................................................................................... X................. 268
Computation of direct and
underlying debt...................................................................................... XI................. 269
Ratio of annual debt service
expenditures for general bonded debt to total general expenditures.......... XII................ 270
Demographic statistics -
population............................................................................................... XIII................ 271
Property value, construction and
bank deposits.............................................................................. XIV............... 272
Principal taxable properties.......................................................................................................... XV................ 273
Miscellaneous statistical data...................................................................................................... XVI............... 274