CITY OF SPRINGFIELD, ILLINOIS

CITY OF SPRINGFIELD, ILLINOIS

COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED FEBRUARY 28, 2017

Prepared by: Office of Budget and Management William D. McCarty II

Director Office of Budget and Management

CITY OF SPRINGFIELD, ILLINOIS TABLE OF CONTENTS

INTRODUCTORY SECTION Transmittal Letter Certificate of Achievement For Excellence in Financial Reporting Addendum to Transmittal Letter (Principal Officials, Organizational Chart, Department Functions)

i ? v vi

vii ? xxiv

FINANCIAL SECTION

Independent Auditor's Report

1 ? 3

Management's Discussion and Analysis

MDA - 1 ? 16

Basic Financial Statements:

Government-Wide Financial Statements:

Statement of Net Position

Statement 1

4 ? 5

Statement of Activities

Statement 2

6 ? 7

Fund Financial Statements:

Government Funds:

Balance Sheet

Statement 3

8

Reconciliation of Total Governmental Fund Balances to the

Net Position of Governmental Activities

Statement 4

9

Statement of Revenues, Expenditures, and Changes in Fund

Balances

Statement 5

10

Reconciliation of the Governmental Funds Statement of

Revenues, Expenditures and Changes in Fund Balances to

the Governmental Activities in the Statement of Activities Statement 6

11

Proprietary Funds:

Statement of Net Position

Statement 7

12 ? 13

Statement of Revenues, Expenses and Changes in Net

Position

Statement 8

14

Statement of Cash Flows

Statement 9

15 ? 16

Fiduciary Funds:

Statement of Fiduciary Net Position

Statement 10

17

Statement of Changes in Fiduciary Net Position

Statement 11

18

Notes to Financial Statements

19 ? 87

Required Supplementary Information:

Schedule of Revenues, Expenditures and Changes in Fund Balance ?

Budget and Actual ? General Fund

Exhibit 1

88 ? 90

Schedule of Funding Progress:

Exhibit 2

Retiree Health Plan

91

Schedule of Employer Contributions:

Exhibit 3

Illinois Municipal Retirement Fund (Regular)

92

Illinois Municipal Retirement Fund (SLEP)

93

Police Pension Plan

94

Firefighters' Pension Plan

95

Retiree Health Plan

96

Schedule of Changes in the Employer's Net Pension Liability

and Related Ratios

Exhibit 4

Illinois Municipal Retirement Plan (Regular)

97

Illinois Municipal Retirement Plan (SLEP)

98

Police Pension Plan

99

CITY OF SPRINGFIELD, ILLINOIS TABLE OF CONTENTS

Firefighters' Pension Plan

Schedule of Investment Returns

Exhibit 5

Notes to Required Supplementary Information

Combining and Individual Fund Statements and Schedules:

Major Governmental Funds:

General Fund:

Combining Balance Sheet ? By Subfund

Exhibit 6

Combining Schedule of Revenues, Expenditures and Changes in

Fund Balances ? By Subfund

Exhibit 7

Schedule of Revenues, Expenditures and Changes in

Fund Balances ? Budget and Actual - Lincoln Library

Fund ? General Fund Subfund

Exhibit 8

Schedule of Revenues, Expenditures, and Changes in Fund

Balances ? Budget and Actual ? Capital Improvements Fund Exhibit 9

Nonmajor Governmental Funds:

Combining Balance Sheet

Exhibit 10

Combining Statement of Revenues, Expenditures and Changes

in Fund Balances

Exhibit 11

Schedules of Revenues, Expenditures and Changes in Fund

Balance ? Budget and Actual:

Convention and Visitors Fund

Exhibit 12

Motor Fuel Tax Fund

Exhibit 13

Community Development Block Grant Fund

Exhibit 14

Community Development Block Grant Home

Program Fund

Exhibit 15

Special Allocation Project Account Fund (Downtown TIF) Exhibit 16

State Drug Profit Forfeiture Fund

Exhibit 17

Police Evidence Fund

Exhibit 18

Federal Drug Profit Forfeiture Fund

Exhibit 19

Police Law Enforcement Block Grant Fund

Exhibit 20

Madison Park Place TIF Project Fund

Exhibit 21

Police Laboratory Fund

Exhibit 22

Illinois Housing

Exhibit 23

Enos Park TIF Project Fund

Exhibit 24

Recycling Fee Fund

Exhibit 25

Northeast TIF Project Fund

Exhibit 26

Jefferson Crossing TIF Fund

Exhibit 27

MacArthur TIF

Exhibit 28

Dirksen Parkway Redevelopment TIF

Exhibit 29

Special Assessments Fund

Exhibit 30

1996 Capital Improvement Fund

Exhibit 31

TIF South Grand Pointe Project Fund

Exhibit 32

South Central Business District

Exhibit 33

Capital Equipment Fund

Exhibit 34

100 101 102 ? 103

104

105

106

107

108 ? 113

114 ? 119

120 121 122

123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142

CITY OF SPRINGFIELD, ILLINOIS TABLE OF CONTENTS (Continued)

Nonmajor Enterprise Funds:

Combining Statement of Net Position

Exhibit 35

Combining Statement of Revenues, Expenses and Changes

in Net Position

Exhibit 36

Combining Statement of Cash Flows

Exhibit 37

Oak Ridge Cemetery Fund:

Combining Schedule of Net Position ? By Sub-Fund

Exhibit 38

Combining Schedule of Revenues, Expenses and Changes

In Net Position ? By Sub-Fund

Exhibit 39

Combining Schedule of Cash Flows ? By Sub-Fund

Exhibit 40

Schedules of Revenues and Expenses ? Budget

(NonGAAP Basis) and Actual:

Oak Ridge Cemetery Fund

Exhibit 41

Sewer Fund

Exhibit 42

Motor Vehicle Parking System Fund

Exhibit 43

Internal Service Funds:

Combining Statement of Net Position

Exhibit 44

Combining Statement of Revenues, Expenses and Changes

in Net Position

Exhibit 45

Combining Statement of Cash Flows

Exhibit 46

Schedules of Revenues, Expenditures and Changes in

Net Position ? Budget and Actual:

Support Services Revolving Fund

Exhibit 47

Unemployment Compensation Escrow Fund

Exhibit 48

Self Insurance Fund

Exhibit 49

Trust and Agency Funds:

Combining Statement of Plan Net Position ?

Pension Trust Funds

Exhibit 50

Combining Statement of Changes in Net Position ?

Pension Trust Funds

Exhibit 51

Combining Statement of Assets and Liabilities ?

Agency Funds

Exhibit 52

Combining Statement of Changes in Assets and Liabilities Exhibit 53

Capital Assets Used in the Operation of Governmental Funds:

Schedule by Source

Exhibit 54

Schedule of Changes by Function and Activity

Exhibit 55

Schedule by Function and Activity

Exhibit 56

Supplemental Data:

Schedule of Expenditures ? Budget and Actual ?

General Fund

Exhibit 57

Schedules of Revenues and Expenses ? Budget and Actual:

Electric Light and Power Fund

Exhibit 58

Water Fund

Exhibit 59

Schedule of Cash Receipts and Disbursements ? Restricted

Accounts Required by Revenue Bond Ordinance:

Electric Light and Power Fund

Exhibit 60

Water Fund

Exhibit 61

143

144 145 ? 146

147

148 149

150 151 152

153

154 155

156 157 158

159

160

161 162

163 164 165

166 ? 173

174 175

176 177

CITY OF SPRINGFIELD, ILLINOIS TABLE OF CONTENTS (Continued)

STATISTICAL SECTION (UNAUDITED)

Table of Contents Financial Trends:

Net Position by Component Changes in Net Position Fund Balances ? Governmental Funds Changes in Fund Balances ? Governmental Funds Revenue Capacity: Revenue by Source ? Governmental Funds Significant Own Source Revenue Assessed Value and Actual Value of Taxable Property Direct and Overlapping Tax Rates Property Tax Levies ? Direct and Overlapping Principal Property Tax Payers Taxable Sales by Category Property Tax Payment Calendar Debt Capacity: Ratios of Outstanding Debt by Type General Bonded Debt Capacity and Ratios Direct and Overlapping Governmental Activities Debt Pledged Revenue Coverage Demographic and Economic Information: Demographic and Economic Statistics Principal Employers Operating Information: Full-Time Equivalent City Employees by City Agency Operating Indicators by Agency Capital Assets Statistics by Agency

178

Schedule A-1 Schedule A-2 Schedule A-3 Schedule A-4

179 180 ? 182

183 184

Schedule B-1

185

Schedule B-2

186

Schedule B-3

187

Schedule B-4

188

Schedule B-5

189

Schedule B-6

190

Schedule B-7

191

Schedule B-8

192

Schedule C-1 Schedule C-2 Schedule C-3 Schedule C-4

193 194 195 196 ? 198

Schedule D-1

199

Schedule D-2

200

Schedule E-1

201

Schedule E-2

202

Schedule E-3

203

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