CITY OF WORTHINGTON FRANKLIN COUNTY, OHIO

CITY OF WORTHINGTON FRANKLIN COUNTY, OHIO

BASIC FINANCIAL STATEMENTS (AUDITED)

FOR THE YEAR ENDED DECEMBER 31, 2015

MOLLY ROBERTS, FINANCE DIRECTOR

City Council City of Worthington 6550 N. High Street Worthington, OH 43085

We have reviewed the Independent Auditor's Report of the City of Worthington, Franklin County, prepared by Julian & Grube, Inc., for the audit period January 1, 2015 through December 31, 2015. Based upon this review, we have accepted these reports in lieu of the audit required by Section 117.11, Revised Code. The Auditor of State did not audit the accompanying financial statements and, accordingly, we are unable to express, and do not express an opinion on them.

Our review was made in reference to the applicable sections of legislative criteria, as reflected by the Ohio Constitution, and the Revised Code, policies, procedures and guidelines of the Auditor of State, regulations and grant requirements. The City of Worthington is responsible for compliance with these laws and regulations.

Dave Yost Auditor of State

September 19, 2016

88 East Broad Street, Fifth Floor, Columbus, Ohio 43215-3506

Phone: 614-466-3340 or 800-282-0370

Fax: 614-728-7398



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CITY OF WORTHINGTON FRANKLIN COUNTY, OHIO

TABLE OF CONTENTS

Independent Auditor's Report ...................................................................................................................

1 - 2

Management's Discussion and Analysis ................................................................................................... 3 - 13

Basic Financial Statements:

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

Fund Financial Statements: Balance Sheet - Governmental Funds .................................................................................................. Reconciliation of Total Governmental Fund Balances to Net Position of Governmental Activities ................................................................................................................ Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds......................................................................................................... Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities .......................................... Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis) General Fund .................................................................................................................................... Statement of Assets and Liabilities - Fiduciary Funds .........................................................................

Notes to the Basic Financial Statements ..................................................................................................

Required Supplementary Information:

Schedule of the City's Proportionate Share of the Net Pension Liability: Ohio Public Employees Retirement System (OPERS) and Ohio Police and Fire (OP&F) Pension Fund .....................................................................

Schedule of City Contributions: Ohio Public Employees Retirement System (OPERS) and Ohio Police and Fire (OP&F) Pension Fund ......................................................................

15 16

18 - 19 20

22 - 23 24

25 26 27 - 67

69

70

Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Required by Government Auditing Standards .................................. 71 - 72

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