CITY OF DUNCAN, OKLAHOMA

CITY OF

DUNCAN, OKLAHOMA

ANNUAL FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR'S REPORT AS OF AND FOR THE FISCAL YEAR ENDED DECEMBER 31, 2016

THE CITY OF DUNCAN, OKLAHOMA

Annual Financial Statements And Independent Auditor's Report

As of and For the Fiscal Year Ended December 31, 2016

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CITY OF DUNCAN, OKLAHOMA TABLE OF CONTENTS

As of and for the Year Ended December 31, 2016

TABLE OF CONTENTS

Page

Independent Auditor's Report on Financial Statements....................................

1-3

Management's Discussion and Analysis.................................................................

5-15

The Basic Financial Statements:

Government-Wide Financial Statements: Statement of Net Position .............................................................................. 18 Statement of Activities ............................................................................... 19

Governmental Funds Financial Statements: Balance Sheet ............................................................................................. 21 Statement of Revenues, Expenditures, and Changes in Fund Balances........................... 22 Reconciliation of Governmental Fund and Government-Wide Financial Statements......... 23-24

Proprietary Funds Financial Statements: Statement of Net Position............................................................................... 26 Statement of Revenues, Expenses, and Changes in Net Position................................ 27 Statement of Cash Flows................................................................................. 28

Fiduciary Funds Financial Statements: Statement of Net Position............................................................................... 30 Pension Trust Fund Statement of Changes in Plan Net Position................................. 31

Combining Discretely Presented Component Units Financial Statements: Statement of Net Position............................................................................... 33 Statement of Changes in Net Position................................................................. 34

Footnotes to the Basic Financial Statements ......................................................... 35-80

Required Supplementary Information:

Budgetary Comparison Information

Budgetary Comparison Schedule (Budgetary Basis) ? General Fund.............................. 82 Budgetary Comparison Schedule (Budgetary Basis) ? DEDTA.................................... 83 Footnotes to Budgetary Comparison Schedule...................................................... 83-84

Pension and Other Employee Benefit Plans Information

Pension Fund Schedule of Change in Net Pension Liability and Related Ratios............. 85

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CITY OF DUNCAN, OKLAHOMA TABLE OF CONTENTS

As of and for the Year Ended December 31, 2016

Pension Fund Schedule of City's Contributions ?Last Ten Years................................ 86

Pension Fund Schedule of Investment Returns...................................................... 87

Schedule of City's Proportionate Share of Net Pension Liability ? Police Pension System..... 88

Schedule of City Contributions ? Police Pension System ........................................... 88

Schedule of City's Proportionate Share of Net Pension Liability ? Firefighter's Pension System ...................................................................................................... 89

Schedule of City Contributions ? Firefighter's Pension System .................................... 89

Schedule of Funding Progress ? OPEB............................................................... 90

Supplementary Information:

Combining Balance Sheet ? General Fund Accounts................................................... 92

Combining Schedule of Revenues, Expenditures and Changes in Fund Balance ? General Fund Accounts ...................................................................................................... 93

Combining Balance Sheet - Non-Major Governmental Funds....................................... 94-95

Combining Statement of Revenues, Expenditures and Changes in Fund Balance - Non-Major Governmental Funds....................................................................................... 96-97

Combining Schedule of Net Position ? Duncan Public Utility Authority - Enterprise Fund Accounts...................................................................................................... 98

Combining Schedule of Revenues, Expenses and Changes in Net Position? Duncan Public Utility Authority ? Enterprise Fund Accounts ......................................................... 99

Combining Schedule of Cash Flows ?Duncan Public Utility Authority ? Enterprise Fund Accounts...................................................................................................... 100

Combining Statement of Net Position ? Internal Service Funds..................................... 101

Combining Statement of Revenues, Expenses and Changes in Net Position? Internal Service Funds........................................................................................................... 102

Combining Statement of Cash Flows ? Internal Service Funds ....................................... 103

Combining Statement of Fiduciary Net Position ? Pension Trust Funds........................... 104

Combining Statement of Changes in Net Plan Position ? Pension Trust Funds..................... 105

Debt Service Coverage Schedule........................................................................ 106

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