city of san diego ... institutions, including the university of california, san diego, san diego...

Download City of San Diego ... institutions, including the University of California, San Diego, San Diego State

Post on 06-Jul-2020

1 views

Category:

Documents

0 download

Embed Size (px)

TRANSCRIPT

  • Fiscal Year Ended June 30, 2008

    Comprehensive Annual Financial Report

    City of San Diego State of California

  • CITY OF SAN DIEGO STATE OF CALIFORNIA

    COMPREHENSIVE ANNUAL FINANCIAL REPORT

    FOR THE FISCAL YEAR ENDED JUNE 30, 2008

    Prepared Under the Supervision of Tracy McCraner

    Interim Comptroller

  • City of San Diego ComprehenSive annual finanCial report

    Table of Contents

    Introductory SectIon

    Letter of Transmittal .......................................................................................................................................................................... 9

    Purpose, Background, and Scope of this Report .................................................................................................... 21

    Profile of the City of San Diego ............................................................................................................................... 23

    City of San Diego Current Officials ......................................................................................................................... 25

    City of San Diego Organization Chart ..................................................................................................................... 26

    FInancIal SectIon

    Independent Auditor’s Report ......................................................................................................................................................... 31

    Management’s Discussion and Analysis (Required Supplementary Information) .......................................................................... 33

    Basic Financial Statements ............................................................................................................................................................ 47

    Government-Wide Financial Statements

    Statement of Net Assets ......................................................................................................................................... 50

    Statement of Activities ............................................................................................................................................ 52

    Governmental Funds Financial Statements

    Balance Sheet ........................................................................................................................................................ 54

    Statement of Revenues, Expenditures, and Changes in Fund Balances ............................................................... 56

    Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities ....................................................................................................................... 57

    Proprietary Funds Financial Statements

    Statement of Net Assets ......................................................................................................................................... 58

    Statement of Revenues, Expenses, and Changes in Fund Net Assets .................................................................. 59

    Statement of Cash Flows ........................................................................................................................................ 60

    Fiduciary Funds Financial Statements

    Statement of Fiduciary Net Assets .......................................................................................................................... 61

    Statement of Changes in Fiduciary Net Assets ...................................................................................................... 62

    Notes to the Financial Statements

    1. Summary of Significant Accounting Policies ...................................................................................................... 63

    Table of Contents For The Fiscal Year Ended June 30, 2008

  • City of San Diego ComprehenSive annual finanCial report

    2. Reconciliation of Government-Wide and Fund Financial Statements................................................................ 78

    3. Cash and Investments ....................................................................................................................................... 83

    4. Capital Assets .................................................................................................................................................. 103

    5. Governmental Activities Long-Term Liabilities ................................................................................................. 106

    6. Business-Type Activities Long-Term Liabilities .................................................................................................119

    7. Discretely Presented Component Units Long-Term Liabilities ......................................................................... 124

    8. Short-Term Notes Payable ............................................................................................................................... 126

    9. Joint Venture and Jointly Governed Organizations .......................................................................................... 127

    10. Lease Commitments ...................................................................................................................................... 129

    11. Deferred Compensation Plan ......................................................................................................................... 131

    12. Pension Plans ................................................................................................................................................ 132

    13. Other Post Employment Benefits ................................................................................................................... 145

    14. Interfund Receivables, Payables, and Transfers ........................................................................................... 149

    15. Risk Management .......................................................................................................................................... 151

    16. Fund Balance/Net Assets (Deficit) ................................................................................................................. 153

    17. Commitments ................................................................................................................................................. 154

    18. Contingencies ................................................................................................................................................ 157

    19. Third Party Debt ............................................................................................................................................. 162

    20. Closure and Post Closure Care Cost ............................................................................................................. 163

    21. Operating Agreements ................................................................................................................................... 164

    22. Subsequent Events ........................................................................................................................................ 165

    Required Supplementary Information

    Pension and OPEB Trust Funds Analysis of Funding Progress / Schedule of OPEB Employer Contributions ... 168

    General Fund Budgetary Information ................................................................................................................... 169

    Note to Required Supplementary Information ...................................................................................................... 173

    Supplementary Information

    Supplementary Information - General Fund ......................................................................................................... 175

    Table of Contents For the Fiscal Year Ended June 30, 2008

  • City of San Diego ComprehenSive annual finanCial report

    Non-Major Governmental Funds .......................................................................................................................... 197

    Special Revenue .............................................................................................................................................. 201

    Debt Service .................................................................................................................................................... 229

    Capital Projects ................................................................................................................................................ 241

    Permanent ....................................................................................................................................................... 255

    Non-Major Business-Type Funds - Enterprise ...................................................................................................... 263

    Internal Service Funds ......................................................................................................................................... 273

    Fiduciary Funds .................................................................................................................................................... 283

Recommended

View more >