COMPREHENSIVE ANNUAL FINANCIAL REPORT LAPEER …

COMPREHENSIVE ANNUAL FINANCIAL REPORT LAPEER COUNTY, MICHIGAN

FOR THE YEAR ENDED DECEMBER 31, 2013

BOARD OF COMMISSIONERS Gary Roy, Chairperson Cheryl Clark, Vice Chairperson Dyle Henning Lenny Schneider Dave Eady Linda M. Jarvis C. Ian Kempf

ISSUED BY: COUNTY ADMINISTRATION OFFICE John Biscoe, County Controller/Administrator Craig D. Horton, Chief Financial Officer

LAPEER COUNTY, MICHIGAN

TABLE OF CONTENTS DECEMBER 31, 2013

Page Number

SECTION ONE: INTRODUCTORY SECTION

Letter of Transmittal

i

Certificate of Achievement

x

Organizational Chart

xi

List of Elected and Appointed Officials

xiii

SECTION TWO: FINANCIAL SECTION

Independent Auditor's Report

1

Management's Discussion and Analysis

4

Basic Financial Statements:

Government-wide Financial Statements:

Statement of Net Position

15

Statement of Activities

16

Fund Financial Statements:

Balance Sheet - Governmental Funds

18

Reconciliation of Fund Balances on the Balance Sheet for

Governmental Funds to Net Position of Governmental

Activities on the Statement of Net Position

19

Statement of Revenues, Expenditures and Changes in Fund

Balances - Governmental Funds

20

Reconciliation of the Statement of Revenues, Expenditures

and Changes in Fund Balances of Governmental Funds

to the Statement of Activities

21

Statement of Net Position - Proprietary Funds

22

Statement of Revenues, Expenses and Changes in Net

Position - Proprietary Funds

24

Statement of Cash Flows - Proprietary Funds

25

Statement of Fiduciary Net Position - Fiduciary Funds

27

Statement of Changes in Fiduciary Net Position - Fiduciary Funds

28

Component Units:

Combining Statement of Net Position - Discretely Presented Component Units

29

Combining Statement of Activities - Discretely Presented Component Units

30

Notes to the Basic Financial Statements

31

LAPEER COUNTY, MICHIGAN

TABLE OF CONTENTS DECEMBER 31, 2013

Required Supplementary Information: Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual General Fund Community Mental Health

Supplementary Information: General Fund: Combining Balance Sheet Schedule Combining Schedule of Revenues, Expenditures and Changes in Fund Balance Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - GAAP Basis Components

Combining and Individual Fund Statements and Schedules: Nonmajor Governmental Funds Combining Balance Sheet Combining Statement of Revenues, Expenditures and Changes in Fund Balances Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual

Internal Service Funds Combining Statement of Net Position Combining Statement of Revenues, Expenses and Changes in Net Position Combining Statement of Cash Flows

Fiduciary Funds Agency Funds Combining Statement of Assets and Liabilities Combining Statement of Changes in Assets and Liabilities

Capital Assets Used in the Operation of Governmental Funds: Schedule of Changes in Capital Assets Schedule of Capital Assets by Function and Activity Schedule of Changes in Capital Assets by Function and Activity

Discretely Presented Component Units: Board of Public Works Funds Combining Balance Sheet - Governmental Fund Types

Page Number

71 74

75 77 79

80 85 90

102 104 106

108 109

111 112 113

114

LAPEER COUNTY, MICHIGAN

TABLE OF CONTENTS DECEMBER 31, 2013

Supplementary Information: - (cont'd) Discretely Presented Component Units ? (cont'd) Board of Public Works Funds ? (cont'd) Reconciliation of Fund Balance on the Balance Sheet to Net Position of Governmental Activities on the Statement of Net Position Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Fund Types Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities

Drainage District Funds Combining Balance Sheet - Governmental Fund Types Reconciliation of Fund Balance on the Balance Sheet to Net Position of Governmental Activities on the Statement of Net Position Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Fund Types Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities Statement of Net Position - Proprietary Fund Statement of Revenues, Expenses and Changes in Net Position Proprietary Fund Statement of Cash Flows - Proprietary Fund

SECTION THREE: STATISTICAL SECTION

Financial Trends Information:

Government-Wide Net Position by Component Government-Wide Changes in Net Position Fund Balances of Governmental Funds Changes in Fund Balance of Governmental Funds General Fund Changes in Fund Balances

Revenue Capacity Information:

Assessed Value and Estimated Actual Value of Taxable Property Property Rates Direct and Overlapping Governments Principal Property Taxpayers Property Tax Levies and Collections - All Taxing Units Property Tax Levies and Collections - County Operating Levy Drain Special Assessment Levies and Collections

Page Number

116 117 119

120

122 123 125 126 126 127

S-1 S-2 S-4 S-5 S-6

S-7 S-8 S-10 S-11 S-12 S-13

LAPEER COUNTY, MICHIGAN

TABLE OF CONTENTS DECEMBER 31, 2013

Debt Capacity:

Ratios of Net General Bonded Debt Outstanding Computation of Direct and Overlapping Long-Term Bonded Debt Legal Debt Margin Information

Demographic and Economic Information:

Demographic and Economic Statistics Principal Employers Demographic Statistics - Property Values Miscellaneous Statistics - Employment by Industry

Operating Information:

Full-Time Equivalent County Government Employee Positions by Function Operating Indicators by Function Capital Asset Statistics by Function

Miscellaneous Statistics:

Description of Insurance Coverage in Force Other Statistics

Page Number

S-14 S-15 S-16

S-17 S-18 S-20 S-21

S-22 S-23 S-29

S-30 S-31

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