2007 Victoria County CAFR

8/8/2019 2007 Victoria County CAFR

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COUNTY OF VICTORA, TEXAS

COMNSIV ANNUAL FINANCIA OTFo t yar dd Dcmr ,

par y: Cy itrs Oiey C

Vitri Cy itr


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FNANCA SECON (Contnue)

TABLE OF CONTENTS(Contnued)

Combn ing and Indvidual Fund Statements and Schedules (ContinuedGovernmental Funds - (Continud)

Combinng Staemens - (Connued)Combning Statemen of Revenues Expendures, and Changes n Fund

Balances - Al Nonmao Governmena Funds . . . . . . . . . . . .

Nonmao Special Revenue Funds . Combini ng Balance Shee - A Nonmaor Speca Revenue Funds Combinng Saement of Revenues Expenditures and Changes

n Fund Baance - All Nonmao Specal Revenue Funds . . . . .

Combinng Balance Shee - Nonmajor Road and Brdge Special Revenue Funds . . Combinng Saemen of Revenues Expenditures, and Changes

n Fund Baance - Nonmaor Road and Bridge Specia Revenue FundsCombinng Baance Sheet - Nonmao Oher Specia Revenue Funds Combning Satemen of Revenues xpendiues and Changes

in Fund Baance Nonmao Oher Special Revenue Funds

Nonmaor ebt Service Funds . . . . . . . Combining Baance Shee - Nonmaor Deb Servce FundsCombinng Saement of Revenues Expenditures and Changes

in Fund Baances Nonmajor Deb Service Funds . . . . . . . . .

Individua Saemens and Schedues

Genera FundSchedue of Revenues xpendues, and Changes n FundBaance - Budge (Non-GAAP Basis) and Acua . . . . .

Nonmao Specia Revenue FundsRoad and Bidge Precinc No 1

Schedue of Revenues xpendures and Changes n Fund

74

75

79

80

81

8385

91

9798

99

1 00

Baance Budget and Actual . . . . . . . . . . . . . . . . . . . . 108Road and Bridge Pecnc No 2

Schedue of Revenues Expenditures, and Changes n FundBalance - Budge and Acua . . . . . . . . . . . . . . 109

Road and Brdge Precnct No 3Schedule o Revenues, xpendues and Changes in Fund

Baance Budge and Acual . . . . . . . . . . . . . . . . . . . . 1 1 0

Road and Bidge Precinc N 4Schedue of Revenues xpendiures and Changes n Fund

Baance - Budge and Acua . . . . . . . . . . . . . . . . . . 1 1 1


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INNCL SECON Cntnued)

BLE OF CONENSCntnued)

Cbnng and Indvdua Fund Satements and Shedules - Cntnued)Gvementa Funs - ninue)

Combining Satmn - (Conind)onmaor Dbt Sric nd

oad ond Sining ndSchd of n, Exndir and Chang in nd

aanc dgt and ca . . . . . . . . . . ai ond Sining nd

Schd of n, Exnditr and Chang in ndaanc dg and ca .

Corho oraion ond Sining ndSchd of n Exndit and Chang in nd

aanc - dg and cta . . ridg Sr nnx Sining nd

Schdl of n, Exndit and Chang in ndaanc - dg and cta

Fuciary Fungnc nd . . . . . . . . . . . . . . . .

Combining Satmn of Chang in t andLiaiii

SSICL SECON . ...

Fnanca ends

b Comonn . . . .

Cang in . . . . . . . . . . . . . .

nd aanc Gornmna nd . .

Chang in nd aanc, Gornmnta nd

ax n b Sorc, Gornmnta nd . .

Revenue Capatyd and Etimatd ca Val o axabl Po - Gnra and &S

d a nd Etimatd ca Val o axabl Por - oad a nd idg .

Dirct and Oaing Pror ax a

Princia Por axar (Unaditd) . .

Por ax i and Co cion Gnra and &S . . . . . . . . . . . .

1 1 2

1 1

1 1 4

1

1 6

1 1

1 20

1 2

1 22

1 24

1 2

1 26

1 2

1 29

1

1

1 4


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SISC SECON Cted)

Revee Cpty - Ctd)

BLE OF CONENSCted)

o Tax and Coio - oad and Bidg

Sa Tax nu

and Oaing Sal ax at

ebt Cptyao o Outtadg b b ao o Gra Bondd b Outandng

irt and Oaing Gormnal Atii b aud itd)

Lgal b agin nformat ion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Demgrph d Em Ifrmtmograi ad Eonom Sai nauditd)

rnia Emlor Unaudid) . . . . . . . . .

Opetg IfrmtFuim-Eualt C Gornmnta Emo b ution/ogram

Orating nd iator b Funton/ogram

Caal A Satiti b Funtion/ogram . . . . . . . . .

SNGLE I SECON

o on nral Coro O Fnaia oig and onComa and Oh a Bad o an Audit O naalSamnt omd in Aordan Wih Gement Auitintana

o o Comian Wih uirmn Aiab o Eah ajorogam and rna Contro Or Coman in Aodan WtOB Crua -1

Sdul o Exdiur o dra ad Sta Award . . . . . . . . . .

ot o Shdu o Exdtur o Fdral and Sat Award .

Shdu o Fidig ad Qutond Cot . . . . . .

Shdu o ior Audi Fdng . . . . . . . . . . . . .

1 6

1

1 9

1 40141

142

14

14

1 46

14

14

149

1 0

1 2

1 4

1

1 9

1 60


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INTRODUCTORY SECTION


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JD McDMS, P

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8/179

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PROE O VIORA OUNTY

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Honoab sic JudgsHonoab Count udgHonoab Count CommissonsCont of Victoa

un 2 28

n dvopng and vauating th Conts acconng sstm considation is givn o h aduac ofinna accounting contos nna acconting contols a dsgnd o povid asonab bu noabsout assanc gadng h safguading of assts against oss fom nauhoid us odsposi on and h labil of financia cods fo ppaing financial samnts h concp of

asonabl assuanc cognizs ha h cost of a conol shoud no cd h bnfs il o bdivd and h vauaon of coss and bnfs us simas and udgmns b managmn

nnal cono valua ions occu wihin h abov famwok W blv tha h Couns ntnaaccouning conos adat safguad asss and povid asonab assuanc of pop codingof fnanca ansactons

Vaous pontia componn uns w valad o dmin whh th shoud b ncdd n hCouns poting nti bcaus of th sgn ifcanc of h opaonal and financial ationsip wih hCoun Basd upon sandads sabishd b th Govnmnal ccounng Sandads oad sNo 1 o h financia stamnts) h componn unis hav bn ncudd in his as po Vcoa Cont avgaon isic h Vcoia Coun Chid Wfa Boad and Ctizns dca CntThs nis a disc psntd and a no considd pa of th pa govnmn of hCoun This poting mhod was usd bcaus whi h nis a financial accounabl o h

Coun h do not hav subsanvl th sam govnng bod as h Count no do h povidsvcs csiv to h Coun

ATOS AEI NG F NANIA ONDTION

Th nfomaion psnd in h fnanca statmns is phaps bs undstood whn i s considdfom h boad pspctiv of h spcfic nvonmn withn which h Cont of Vcoia opas

Loca Economy Th Con is on of h ladng giona conomis in h svn-con GodnCscnt gon Th Coun has dvlopd no a pma busnss cn wh gowh in svcs andai mplomnt. h Couns pncipa conomic actvis incud ptochmcal and indsachmica plants pascs manufactus hav s fabicaon p-sssd conct oi and gaspoaon mdcal svics pofssonal and financial svics ai ad and high dcaon

though h ol and gas ptochmca nduss man a via componnt of h aa mplomn basd ivsification withn hs ndusis ino poducton of ancla goods and pascs has dcd conomcvlnablit to ng pc fucaions

Th Count cods flct mods dbt lvls apid pncipal amotaton and accptab s lvlsha hav bnfid fom sound fsca managmnt pactcs h Coun paccs consvatvbdging and ss gnal fund sv tagts a 8% o 1% of annual pnds I n h pas fiscala h Con incd a sgnifcant incas n h gna fund unsvd fnd baanc as a su ofaddonal vns and ducng gnal fnd pndits Th Conts Gna nd sv tagtis basd on h Cons poic of dfing ad vaom pop as h sulng un svd fndbaanc dos no ncud miion n ad vaom as collcd n Ocob Novmb and cmbof 27 and a insad potd as dfd vnus

Long-Term inncl P lnnng h Coun of Victoa has dnfid sval long-m issus that ndto b poitid and fundd b th Commissions Cou Ths piois ncud upgading sofwa foa cos and th Shff addng an additona cotoom fo h incasng casoad of u ials andsoving nada pakng aound h Couhous compl h Coun ipot has idnifid managng bildings tha aso nd to b dmolshd h ipo afic Cono ow s n th pocss ofbing fbshd and pans a to bing ino svc n 28 whch has gand th Cont po hawad of a Govnmnt fing contact

ii i


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onoab Dric dgonoab Con dgonoab Con CommiionCon o Victoia

n 2 200

s Mgemet - h Comiionr Co ha adod a orma invmn oic or h Contconn ih Sa at govrning h invmn o Con nd and ha dgnatd th Contrar a h Con invmnoicr h oic dad annal Th gnra obciv oth n th oc ovid or inancia cr and oimm idit o Con nd wh achiving th

maxmm d on nd nvd and maxm lv o nvd nd horizd nvmn aconint with tho invmn ahorizd b Sta law o xa conti Gnra Con halmitd i invmnt to vario .S. Govnmn obigaion and mogag-bacd intrmn

Rsk Mgemet - Th Con ha r xo in vario aa ncding gnra iabiit worrcomnaon, aomobl iabiit and ror damag To dc it r xor in h aa hCon rcha commrc ial i nranc oici om a iva carir Th rad olci car varoddcibl and aggrgat maximm o ota

Th Con i ao xod to ri o o in h ara o mo halh covrag In hi aa thCon bar a o o o 800 arcan r a Coinranc hrogh a rivainranc cari am a r o indvida aican a ha lvl a r o h no toh inancia tamn o a coml dcon o h Cont mo hah inranc oraon

Peso A Othe Post Employmet Beefts h Con ovd rtirmn diabii and dabn o a o -tim mlo hrogh a nontradiiona dind bni nion an in hatwid xa Con and Drc Rirmn Sm TCDRS) Sciic an rovion ar adodb th Con wihin h otion avalab in th ta att govnng h CDRS Bni amontar drmind b th m o th mlo contrbon o h lan wh inrt and mlorinancd mona crd h vl o h mona crdit i adod withn h conain modb h TCDRS ct o ha h rting bnit can b xcd o b adatl inancd

AWAR AN AKNOWEGEMEN

h Govnmnt inanc Oic ociation GO) awadd a Crtica o chivn orxcnc n inancia Rong o Vcoria Cont xa or i comrhniv anna inancia roCR) or h ica a ndd Dcmb 3 2006 hi wa h ornh conciv ar tha h

govnmn ha rcvd h igio awad I n ord to b awadd a Crtiica o chivmnt thgovnmn bhd an ai adab and cnt organizd CR hi ror aiid bohG and aicabl ga irmn.

Cricat o chvmn valid or a iod o on ar on W biv tha or crncomhniv anna nanca o contin o mt h Criica o chivmn ogramrirmnt and w a bmng to h GO o drmin i lgibl o anothr criica

h araion o th CR cold no hav bn accomlhd withot h icn and ddicad oro th a o th Con dior Oc W x or acaon to a h mmb o h ocwho aid in and conrbd to it raaion W wod alo l to han th acconng rm oHarrion Waldro & hr LL o haring hr nowdg and xtndng h cooraion andor o th Cont ditor Oic ciaion m alo b xrd o h Con dgmmbr o th Commiionr Co h Con arr and a l othr ocia o h Con or hraanc n anning and condcng h inancal oaon o th Con in a rogrv andronb mannr

Rc bmttd

qc0LOCJd cdam CVicora Cont ditor

v


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Cercae ofAchevemen

for Excencen FnacaReporng

Preend o

County of Vctora

Texas

Fo t Comprehesve Aual

Facal Repo

fo te Fscal Yea Eded

December

A Cltcae of Achevemen for Excce i FacaReptng s pree by he Gvee Fnace Ocer

Asscan he Uned Sae ad aaa o

gvme un a puc empoyee reemey whse cpehesve aa aca

prs (As) acheve he hghesaar gveme accg

a aca epng./ /. c r_ .'

President

Executve Deo

v


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VICTORIA COUNTY ORGNIZATION V II J Ditric

Four I Treasue Tax Four Coun Couny Two Count Distri Distric ContFire Four Jes of fAttoey Mashal Sheri Conables Asesor Commissioners Judge Cerk Couts-at Cler Jdges Audtorthe Peace Coecor aw Judges PobateJdges

CmmeI C I T Adminisrative CtyCouny Veteran

Sees Emergenc SerieFlood Plain Information Building Eeion Heritage Reords

ManagementOfficer

Adminisrator ehnoog Maintenane Admnisato Detor Mgmt.Diretor

ioia Citizensegional MedialArpo Center

t I JUNL AD

Two Couny FourVioria

AgrulturalCoun Count CtCountJudge

Courtat DisriClek ealth

xtensio

aw Judges JudgesDepatment

Seie

exas

TeasJuenile Juenile Stae

Proation Detenton HealthA&M

Depamentniest


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V XY mb

Donald R Pozzi

Chris RveraKevn Janak

NAME

Gay BurnsWayne D Dierlam

Stephen Tye

Val D. Huvar

Cahy Suart

Sean Kennedy

Rena Scherer

T Mchael O'Connor

aua A WeserJuan Veasque, II

Josep P. KeyK Sepen Wiiams, IIJuegen "Skppe" Koee, JrRobert C Chesre

Annie RamosSuat PoseyRober WtakerHeny Welfel

Javie O DuanJames E CaawayKenne Easey, JrJohn G Mller

NAME

Judy McAdams, CPAWaren Kye Young

CT FFC

POSITION

Couny Judge

Commssone, Precnc # 1Commssone, Precnc # 2Commssone, Pecnc # 3

Commssone, Pecinc # 4

Crminal Disrct Atorney

Couny Cek

Distict Cek

County Teasure

County Tax Assessor-Coector

County Shef

Judge, Couny CouatLaw # 1Judge, Couny CouatLaw # 2

Judge, 24th Judca DsticJudge, 135h Judicia DstricJudge, 267h Judicia DstrictJudge, 377h Judicia Dstrict

Jusce of te Peace # Jusce of te Peace # 2Jusce of te Peace # 3Jusce of te Peace # 4

Constable, Pecinct # Constable, Pecinc # 2

Constable, Pecinct # 3Constable, Pecinct # 4

T FFC

v

POSITION

Couny AudiorCouny Fire Mashal


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FINANCIAL SECTION


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HRRSO, WLDROP & UEREK P

HWUCEIFIED PUBLIC ACCONTAS

S. MAN IE 40VCOIA, EXA

NDEPENDENT AUDTORS REPORT

nrabl Cunt udg and mbs t Cmmssinrs Curt

Cnt Victria as

EPHE A ANEN CPA

AMIO EDMON CPA

DEIS C CIA CPA

ERiC L KCERA CPA

CLAYO r' AN l. CPA

OBE CA. CPA

MEIA ME. CPA

VOCE: FA:

W a auditd t accmaning nancia statmnts t grnmntal actiitis, t bsinss-tactiitis t aggrgat disct rsntd cmnnt nits ac majr nd, and t aggrgatrmaining und inrmatn Cnt Victria, as t "Cunt") as and t ar nddcmb 1 27, wic clctil cmrs t Cnts basic inancia statmnts as istd in t

tab cntnts s inanca statmnts ar t rsnsibilit t Cunts managmnt Orrsnsibt is t rss an inn n ts nancia statmnts basd n r adit W did nt aditt inancal statmnts t Citins dica Cntr, wic statmnts rct tta assts 28 as un , 27, and ttal rnus 1 76 69 t a tn ndd. W asdid nt audit t inancia statmnts t Victria Cnt Cid War Bad, w ic statmnts rlcttta assts ,6 as Dcmbr 1 27 and tta rnus 67, 11 t a tn ndds statmnts w auditd b t adts ws rrts a bn nisd t s and unins n t inanc ia statmnts, insa as it rlats t t amunts incldd t Citins dicaCnt and t Victra Cunt Cild Wa ad in t cmnnt units cmn, is basd s nt rrts t tr auditrs

W cndctd audit in accrdanc wit auditing standads and standards gna acctd in tUnitd Stats mrca aicab t inancia adts cntaind in Gomn Auitng anas

ssud b t Cmtr Gnal t nitd Stats. s standards ru tat w an andm t adi t t btain rasnabl assanc abt wtr t basic nancial statmnts ar r matria msstatmnt nancial statmnts t Citins dica Cnt and t Victria CuntCd War Bad w nt aditd in accrdanc wt Govmn Ang tanars. n aditincuds amining n a tst bass idnc suting t amnts and disclsrs in t inanciastatmnts n audit as incuds assssng t accnting incls usd and sgniicant stimatsmad b managmnt as w as aluating t rall inancia statmnt sntatin W b tatr adt and t rts t adits rd a asnab bass inns

In nn, basd n u audit and t ts t auditrs, t inancia statmnts rd tab rsnt arl, in a matia scts, t sct inancial sitin t grnmntalactiitis t bsinss-t actiitis, t aggrgat disctl sntd cmnnt nts ac majrnd and t agggat mainng nd inmatin t Cnt as cmbr 27, and trscti cangs n nancia sitin and cas lws, wr aicab, t r t ar tn ndd

in cnrmt wit accntng rincis gnra acctd in t Unitd Stats mica

T managmnts discssin and analsis and bdgtar cmasn inmatin n ags tg 1 2and 7 trug 72, ar nt a rrd at t basc nancal statmnts but ar smntarinrmatn rid b accunting rincis gnral acctd n t Untd Stats mrica Wa ald crtain imi td rcdurs, wic cnsistd rnciall inirs managmnt gardngt mtds masmnt and sntatin t rid slmntar inrmatin. wr wdid nt adi t t nmatin and rss n inin n t

MEMBE OF

AMEICAN INIE OF EIFIED PIC ACCONAN

EXA OCIE OF CEIFIED UBLC ACCONANS


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T oorabl Co dg ad mbrof t Commi or Cor

Cot o Vitoria, Ta

I aorda wit Govemen Auiin anas w a alo id o or dad 1 , 200o o odaio o Co iral oo or faa rorg ad o o of oma w ra roio of aw rglatio oa ad gat agrm ad or

matr ro of ta rort o drib o of o g of tra orol or fiaiaorg ad omia ad t r of ta tg ad o o rod a oio o italoro or iaia org or o omia Ta ror a itgra a o a adi rormd aorda wit Governmen Aun anars ad od b ad i ojio w i ot oidrig t o or adit

Or adi wa rormd or ro of fomig oio o faa tatm a ollomi t Cot bai fiaal am T irodo o, ombi ig ad didamaor ad omao fd fiaia am ad dl taia daa ad d ofditr of fdra ad ta award (a rqrd b US Ofi o aagmt ad BdgCira , Auin of aes, Loca Govemens an Non-Profi Oanizaions ad ae ofTeas ine Aui Circuar a rd o o of additioal aai ad ar o a rqid artof bai fiaia am ombig ad didal major ad omao d iaal

tam ad d ad t d of ditr of fdra ad a awad a bbjd o aditg rod aid i ad o bai iaial tatm ad i ooio, ar fairl atd i a maral i raio o t ba iaial amt a a awo irodor tio ad aiia data a o b bjd o adig odaid t ad o bai fiaa amt ad aodig w r o oio o m

, -L 1 , 200

2


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CONTY O VICTORIA, TEXASMANAGMNT ICUION AN ANA Icmbr

e disussi ad aasis f te Cut f Vitia's te Cut") ia ia erae rvides a vervew te Cuts faia ativtes fr te ear eded eeber 31 200 e disussi ad aass suld beread i juti wit te aag trasttal etter te basi faia stateets ad te aaigtes t tse fiaia stateets. e dsuss ad aalss iudes aratve data fr te rir ea.

FNANIA HGHIGHS

e assets te Cut exeeded its abilities at te lse te ear eded eeber 3 2007 b$199 Of tis aut $708,66 s avaable t eet te Cut's gig bligatis tities ad reditrs.

At eebe 3 2007, te Cut's gveretal fuds rerted bed edig fud baaes f$1 61 . e aut avaabe fr gveretal disreti u reseved fud baae) s$1260672

At eebe 31 2007 u reserved fud baae fr te Geera Fud was $2267 877 60% ftta Geera ud exeditures

Te Cut's geera bgati debt etted a derease f $300,000. Te ke fatr i tis dereasewas debt aets ade duig 2007

OVERVEW OF HE FNANIA STAEMENTS

Te ew faal ertig de istituted b Gveretal Autig Stadards Bard Stateet 3 seest rve eratial autabiit b iglgtig a veal itue tat was st i te detal fudautig stead f usig aggegats f silar dividua fuds GASB 3 tdued gveretwide faial stateets, w eset te gveet as a sgle uified etit

Ts disuss ad aass s teded t serve as a itrdut t te Cuts basi fiaial stateetsTe Cuts basi faal stateets ae ised f u ets 1 ) gveretwide fiaialstateets 2) fud faal stateets, 3) et uit faa stateets ad ) tes t fiaialstateets is ret as tas te requred sueetar iati i addit t te bas fiaialstateets

Organization and low of inancial Secion Infomation

Inepenen Aiors RepoPovides the opinion of the Independent Auditors on the fair

presentation of the basic financial statements.

Mngemens Discssion n AnlysisThis supplementary information is required for state and local govement

financial statements and is intended to provide a narrative intoductionand analysis

Pages 3 t 12Govenmenwie Finncil Fn Finncil Semens omponen Uni Finncil

Semens Provides information on the Semensovides information on nancial postion of specic funds ovides information on the

governmental and businesstype of the primary governments County's component unitsactivities of the primary

govement

Pages 13 t 16 Paes 7 t 26 Pags 27 to 29c: Noes o Finncil SemensPovides a summary of significant accountng policies and related disclosuresags 30 t 703


18/179

OVERVEW O HE NANCA AEMEN Continue

Governmentwie inancial tatements e ovmnt-wi financia statmnts wich csis f efllwg w saemes are desiged prvide readers wi a brad verview f e Cs faces i amaer simi ar t a prvatesecr bsiess

he statmnt of nt assts presets ifrma a f he Cs asses ad abilities wi e dfferecebetwee e w repred as nt assts Over time, creases r decreases i e asses ma serve as a sefdcatr f weer e facia psi f e C is imprvig r deerraig

e statmnt of activitis preses ifrma swg hw he gvermes e asses chaged drg 27Al chages e assets are repred as s as he derg eve givg rse e cage ccrsrarss of t timin of rat cas ows s, revees ad expeses are repred tis saeme frsme iems ta will l rest i cash fws i ftre fsca perds e.g clleced axes ad eared bsed vacai eave)

B f hese fiaca saemes dstigsh fctis f the C a are pricipal spprted b taxes aditergvermeal revees gvermea acivies) frm er fcs a are ieded t recver a r asg ifica pr f er cs rg ser fees ad carges bsesspe acivi ies) Te gvermealacvities f e C cde geera gverme, pblic safe, higwas ad sreets, ctre ad recreai,ad pb lic heal . he bsiesspe acives f the C cde the airprt, avarr prjec ad ercmmssar)

The gvermewde faca saemes clde t he Ct iself w as e primar ovmntb als e cmpe s f Vcra Ct aviga stric, Vcra Ct Chd Wefare Bard adCzes edica Ceer ese cmpet is are cded as par f e prmar gverme

he gvermewde fiacal saemes ca be fd pages 1 31 6 f s repr

n financia saements A fun s a grpg f reaed accs a s sed maai ctr verresrces at have bee segregaed fr specfic acives r becives he C, l ike er sae ad ca

gvermes, ses fd acctig esre ad demstrae cmpace w fiacereaed egareqiremets A f e fds f e C ca be dvded t ree caegres gvermeal fds, prprearfds, ad fdcar fds

Govemental funds. Govrnmnta funs are sed acc fr essetial e same fcs repred asovmnta activitis i te gvermewde fac ial satemes wever, e te gvermewdefiaca saemets, gvermeal fd facal satemes fcs nar-trm infows an outfows ofspnab rsourcs as wel as a baanc of spnab rsourcs avaiable a the ed f e fisca ear Schifrma ma be sef i evaatig a gverme's earerm facg reqremes

Becase the fcs f gvermeta fds is arrwer a hat f the gvermewide facia saemes, t issef cmpare he frma preseed fr ovrnmnta funs w simar frmai preseed frovrnmnta activitis i e gvermetwide facal saemes B dg s, readers ma beter derstade germ impac f e gvermes earerm fiacig decisis B he gvermeal fd baaceseet ad e gvermea fd staemet f revees, expedres ad cages fd balaces prvde areccliat faciliae hs cmparis bewee ovmnta funs ad ovmnta activitis

e C maiais several idivda gvermeta fds frmati s preseed separae i egvermeta fds baace sheet ad i e gvermea fds saemet f revees, expedres, adchages fd baaces fr the Geera d, whch s csidered a majr fd aa frm e ergvermetal fds are cmbied a sigle, aggregaed presea Idvda fd daa fr eac f esemar gvermeta fds s prvided te frm f cmbig ad idvdal satemets ad scedesfwg e reqired spp lemear frmati

4


19/179

OVERVEW O THE NANCA STATEMENTS onned)

The C adps a aal apprpriated bdge f s Geera d, ad ad bdge specia evee fdsad deb service fds A bdgear cmpars schede has bee prvided fr he Geea d demsae cmpliace wh his bdge ad s lcated pages 1 1 7 f hs rep Bdge cmpaissare preseed f he rad ad brdge specal evee fds ad the deb servce fds pages 181 f hisrepr

he basic gvermeta fd f iacia saemes ca be fd pages 72 f his repr.

Propiay funds he Ct maitais tw diere pes f prpear fds nterprse funs are sed repr he same fctis preseted as busness-pe ates the gvermewide fiacal saemes heC ses eerprse fds acc fr its aipr avarr prject, ad her eerprse activescmmssa) Inea serice funs ae a accig device sed accmae ad allcae cs teallamg the Cs vas fcis The C ses a ieral service fd acc f is empleehealth israce sevices Becase ths sevce pedmial beefis gvemeal ather ha bsesspefcs i has bee icded wh oementa actites i he gvermewde fiacal saemes.

rpriear fds prvde he same pe f frmati as he gvermetwde fiacia satemes i mredetai he ppriear fd fiacia statemes pvide separae frmat fr he aipr ad f he avarpject bh f which are csideed be majr fds f he Ct ad her cmmissa)

he basic prprear fd fiacal saemets ca be fd pages 21 2 f his repr

Fducay funds idciar fds ae sed t acct fr resrces hed f he beefit f paties side hegverme. idca fds ae not refeced i he gvermewide fiacial stateme becase he escesf hse fds are no avaabe sppt he C's w prgams he accg sed fr fidciar fds issima prpear fds

The basic fdciar fd fiacia satemets ca be fd pages 226 f his ept

Noes o finnc semens he es prvde addia ifrmati hat is essea t a fl derstadgf he daa prvided i he gvermewde ad fd facal statemes. The tes fiacal staemes cabe fd pages 37 f this epr.

Oer inormion. addti the basc fiacia statemes ad accmpag es, hs ep aspreses cera require suppementar nformaton cceig he C's Geera ds bdgeacmpais schedle. Reired sppemear frmati ca be fd pages 71 72 f his ept

The cmbig staemets refered earler cecti wih majr gvemea fds ad maeeprse fds s preseed immedael fllwig the reqired spplemea ifrmai Cmbig adidvdal fd saemes ad schedles ca be fd pages 731 1 9 f this ept


20/179

GOVERNMENWDE NANAL ANALYSS

s nd a nt asss a sv v ti as a sfl indca f a gvmnt's financa sii. n tcas f h Cnt asss xcdd aiis $417499 at th cs f a nddcm 31 , 27

oun Vcra exaNe Ae

Goemen usnessype

ttes tes

Curn n oth sss 37,656,760 34996235 666219 752,949 38.322979 35749184Cit ssts nt 24,622,711 24812723 10,963,870 10,666,904 35,586581 35479627

ot Asss 62,279,471 59,808,958 11,630089 11,419,853 73,909560 71,228811

Crnt n or bits 21705,396 19,838,013 665897 910780 22,371,293 20,748,793ocrnt bitis 8,766,819 10,599,019 1,025,453 1,095741 9792,272 11,694,760

o ibiis 30472,215 30,437,032 1,691350 2,006521 32163,565 32,443,553

Assts

Invsnt i cit sss

nt o rl bt 14,451437 3,124045 9881,812 9510,156 24333,249 22634,201Rsc 354100 436,788 354,100 436,788nrstrict 17,001719 15,811,093 56,927 (96,824) 17,058,646 15,714269

o Assts 31,80725 L?9,37:926 93B,739 9413,332 41,745,995 38,7852. ags tn f th Cts nt assts (829%) flcts s nvstmt i caita asss (g, and

ldgs, ivmns mac and im) ss a lad d sd t acqi ts assts tat isstl stadig T Ct ss s caal asss t vd svcs citizs cnsqnt ts asssa o avaal f ft sndg ltgh th Ct's invstmt n its caa asss is td t fad dt, sld nd a scs ndd t a s d st vidd fm scs, sc t caita assts svs cannt sd t iqda ts liailit s.

Ct has scd n assts f $31 c sn scs a a sc t xnastctis n h ma sd h mag aac f nstctd t asss ($78646) ma sd t h gvnts nging igatins t citzs ad cdits

nd f ct a Ct is a t sitiv aancs i al th cagis f n assts,th f th gvnmt as a h, as as f ts saat gvnntal and snss acvis

6


21/179

GOVERNMENT-WDE FINANIA ANAYSIS - ontne)

g revene

Cge r eve Oering grnt & ntriuinC grnt & ntitin

Gene evene:

rety txe

Oer xeOer

ta eeues

P

Gene gvenen

bi ey

igy nd treet

Cutue n reren

bi el

Ineret n ng-ter e

Aro

vrr etC

ta xpeses

Cnge in ne et bere rnfer

rne

Cnge in net et

et assets Jauay as estated

et assets Deeme

ount oVitoi exshnges n Net AssetsGemeta

ttes

9,86,8 10,9,88 3,868,6 3,0,606

61,6 ,8

16,,618 1,63,88

,600,33 ,30,1,91 1,11,38

0,06,9 39,11,6

1,60,16 1,,61,8,19 10,9,83,80,0 ,,3,0,003 ,3036,1,31 3,860,80

398,919 390,8

3,03,96 3,3,98

3083,6 361,6

(648,1E (30,000)3,330 3,63,16

93196 0,6

31,806 39

7

usesstype

ttes ta

,3308 ,66883 1,10,06 3,9 80,000 3,869 3,90

1,08010 ,83,08 1,1 ,90

6,618 1,63

,60033 ,301, 6,63 1,9690 1,3

3398 3,86,3 3,39939 ,91

,6016 1,1,1819 10,93,800 ,1,0003 1,30,13 3,860

398919 390,880 ,603,68 ,880 ,603

6 1,3 6 018 03,0 10,18 103

3,06 3,19,3 0,90 38,3

119 63,09 ,9603 398

68,16 30,000

0 609 ,9603 ,398

9,333 8,66,303 3888 3,38

9,938,39 9,333 ,99 38,8


22/179

GOERNMENTWIE INANIAL ANALYI nnd)

Gornmnl tivts Goveeal activitie iceaed te Cout e ae b 2,4, eebaccoutig fo 822% of e oal gowt i te e ae o te Cout Ke elee of i iceae ae a

foow Sae ax iceaed % o 2 18 14 o e po ea i iceae wa due to a iceae i e

reveue bae opet axe iceaed 727% o 1 1 7 1 copaio wit 26. Ti ceae wa atbuable

o e iceae i taxabe aeed vauao o e Cou o e 26 tax ol epeciaio expee o 27 wa 194,77 o 1 92% geae ta e depeciao expee fo 26,

a eaed i wa due o e pucae of capa aet fo gove eal acviie 27. Tafe out to e Aipo ud iceaed 1 8 1 26 o e pio ea. T iceae wa due o a

deceae i ga oat icoe ad a iceae Aipot opeatig expee

Expene and Prgra Revenue - Goveenta Ativitie

,=---:-

=!

E xpenses I Progam evenues i

General Fblc afey Highw as Clure and lc ea Itee on

governn

Revenue by Soure - Goveenta Ativitie

B

Prop t

n see ecreaton

--- . "

Crs for svcs

ong-em

e

Oa gans acontrbutions

8

talg,! aonrons


23/179

GOVERNMEN-WE INANAL ANALYSS Cote)

Bs nesstpe actvities. Bssstp tivtis rsd t Cts t ssts b $207, thrbtig r 77% f th tt grwt i th t ssts f th Ct. K ts f ths rs sflws

Cptl grts i th iprt Fud w $1 08071 0, w ih ws ds f $402 31 8 27 1 3% Trsfrs fr th G Fud isd $ 8 126 fr th prr This irs ws d t

drs gs rt i d rs i ptg xpss

Epss d Pg Rs Bssstyp Att

,,

,,

,,

,

,

,

irpt

Rs by Sr Bsss-typ Atts

Opaig gantan coibins


24/179

INANCIA ANAYSS O THE GOVENMEN'S UNS

As ed eaie, e C ses fd aig esre ad demsrae mliae wi fiaereaedega reiremes

Gvemetl uds e fs e Cs govenmentl fn is rvide ifmai earermifws, flws, ad balaes f penble eses. S irmai s sel i assessig e C'sfiag reremes I arlar neeve fn blnce ma serve as a sef measre f a gverme'se resres avaiabe fr sedig a e ed e fisa ear.

As f e ed e re ear e C's gvemea fds reed mbied edg fd baaes $ 1 ,6 1 a iease $1 2,792 i mais wi e ir ea Of e a d baae $1 378 21 7sies neeve fn blnce ad is avaabe r sedg a e C's disrei. e remaide ffd baae s eeve idae a i is avaiable f ew sedg bease i as alread beemmied a vare f e ses $236,327)

ee Fund e Geeal Fd is e ief eaig fd f e C A e ed f e e ea

reseved d baae f e Geea Fd was $12267877, wie al fd baae reaed $12,020.As a mease f e Geea Fd's iqidi, i ma be sef mae b eserved d baae ad ald baae a fd exedres U reseved d baae reeses 60% al Geeral dexedi res wie a d baae ereses 68% f a same am

e fd ba lae e C's Geeal Fd ireased b $633 dig e rre ear Ts irease isde erai revees mig ger a exeed ad exedies mig i lwer a exeed

pretr ds. e C's riea fds vde e same e f ifrmai fd i egvermewde iaia saemes b i mre dea.

Uesried e asses f rrea fds a e ed f e ear amed

7 6

Unrestrted UnesttedFund Net Assets Net AssetsA $ 6633 $ 11 028avar je 386) 1692)Cmmssar 3780 61363

tl $ 6927 $ 9682Oe fars erig e faes f ese fds ave bee addessed i e disssi e Csbsesse avies.

GENEAL UND BUGETAY HGHIGHTS

feees bewee e rigia bdge ad e fal ameded bdge were elaivel mr eslg i aiease $2,76,879 ad a be briefl smmaried as fws:

$,11922 msellaes eases geeal gvermeal aviies de reases i ili ssaddal aia a jes ad eases ersel

$068 misellaes ireases i bi sae aivies, de veie rases ad jal reaisad maeae

$1 31 7 misellaes reases i lre ad reea aiviies, de relai f e ffie $62392 i miseaes ieases bli ea aviies aa la ad asfes , de

eases i eaig exeses ad aial asse rases.

1 0


25/179

GENERAL FUND BUDGETARY HGHLIGHT ntnued)

Of t iceae 88,9 a t be fuded ut f miceae iceae i tevemetal evee ie

ad feite evee ad te mceaeu eveue e emaii 876 ,37 a t be fded fm aexce f evee i te al budet

F 27 te Geeal Fud actual exedite came i 2,329284 e ta te fial bdet i tivevaace i ma due t

124,36 i deatmeta exedite f ic 892 a bdeted f te emva dAit bid ad a majit f te did t be ti 28

a ad te vau exedtue acct came ude bdet f 27.

ATA AET AND DEBT ADMINITRATION

apita assets e Cut' vetmet cata aet f it vemetal ad bete actvtie a ecembe 3 1 27 amut t 3,8681 et f accumuated deeciat) Ti ivetmet catalaet iclude ad bui di, mvemet ad mac ie ad equimet. e tta ceae te Ctivetmet caital aet f te cuet ea a .3% a .77% deceae vemeta actvtie ad a2.7 8% iceae f biete actvitie). i iceae a de t i mvemet t te ait

unty Vitra TexasaQital AssetsNet Depreatin)

Govenent snessype

Aves Avies l

a 1,3958 ,36,58 1933 19,33 ,5,91 1,56,191

Costrucio i rogss 631 ,55, ,55, 63,1uigs ,66,1 11,933,63 889,968 1,,55 1,55,115 1,93,3ovts 6,399,985 6,339,1 8,8,5 9,361,39 15,18,3 15,,353Mairy a quipt ,1,696 3,9, 11,35 155,8 ,86,1 ,5,5fastrucu ,1,5 9,6 ,15 961

ota 6,11 ,81,3 1,963,8 L,66,9 35586,581 35,96

Additial fmat te Cut' cata aet ca be fud i te 6 ti et

1


26/179

APITA ASSETS AND DEBT ADMNISTRATION - onined)

Longtem debt At he ed f the cue ea the Cu had a bded deb utsadig f 8850000 Othis aut 7765,000 cpises deb backed b he fu ah ad cedit f he gveet ad ,085,000secued s le b speciic eveue suces e eveue bds)

Cetificaes of obigaon

Geerl oion onds

Revenue ods

Bond dsont

Tot

on ofVcori TexsGener Obigon nd Revene BondsGovenmen usnessype

ves ves

37 ,6 ,5 5,5

85, 16,94 3,5

7,765 !Q"OOO ,858 ,156,78

o

3,7, ,6,,5 5,5,1,85 1,6,

(94 (3,5

8,8758 iJO,48

he Cuts a deb deceased b 1 ,375000 ( 1 3.5% dug he cue ea hs was due debepae.

The Cut atas a "A atig f Sadad & Ps ad a "-" atig ch f geeal bigadebt

Addia ifati he Cut's lgte debt ca be fud te 1 3

Economc cors nd Nex Yer's Bdges nd Res

he aual budget is develped t pvide eficie, efecive ad ced use he Cus esuces, aswel as a eas t accpish he hghest pit bjecves Thugh he budge he Cissies Cut seshe diecti f he Cu allcates its esuces ad establshes s pies

he a 008 budget was adpted b Csses Cut Sepebe 17 007 The budge icuded csf livg saa iceases 4%, ew psits ad the cst desh sevea ld buidgs cated a theCut Apt The ppe ax ae was set at 03986 (39.86 ces) pe 100 assessed taxable valuati,whch eects chage f he 007 ax ae Hweve, the 008 ax ate s 0008 cets 5.51% ve theCus eective tax ate The axabe vauati iceased f the 008 ea b 307171 41.

Reqes o Inomion

his acial ept s desged pvide a geeal veview f he Cus aces f all thse wh a

ees he gvees faces. Quess cceig a the at pvde i ths ep equess addial iacia fati shud be addessed t the Cu Audits Offce, 1 5 Bdge,R 1 , Vctia, Texas 77901

1


27/179

Basic Fina ncia l Statements


28/179

COUNTY O VICTORA, TEXAS

A EMENT OF NE AEmbr 0

Pria GvrGvra Busissp

CpntAvs Aivis a Us

ASSETSCurt asss

Cash ad ash uvas 187060 68486 1907846 87899770Cash ad ash uvas rstrid 695,879 695879 84501Ivss 140765Rvabs () 6,687,006 1 , 5 6,69857 1699041Itra baas 14696 14696 fr hr gvns 165790 4747 1696 7957 f xra partis 5000 5000vr 578 578 799

frrd xpdiursxpss 8,794 8794 74910Tta urr asss 760,55 6184 88767 1,8105urt assts

Capita asstsad ad hr assts t bigdpratd 19758 104,475 597 875Budigs prvs adupn ) ,995 9759,95 98948 7088876

Issua ss ) 465 47,977 94 64477Rstrid assts

Cash ad ash uvas 477675vsts

Tta urrt asss 4668946 ,01 847 568079 101770tl sses 679471 1 60089 7909,560 495078

1 3


29/179

ABTESCur lbiis

Accus pbAccrud xpssAccrud irs pb h gvmsClis pblrd vuAccrd cmpsd bscsCr pr lgm

blgsT crr bliiscur lbilis

crr pi lgrmbigis

l crr ibiiisTota labiltie

NET ASSES vsd i cpil sss

rd dbRsricd r

b svicOr purpssUrsicd sss

ota et aet

GvmlAciviis

789599851725972071 ,5 19

1708289935

22085821 70539

87898789

307225

1,5137

538203002807 001 719

3180725

Prm GvrBusissp

Acvis

53020780222

7287

800005897

1,025531025,53191350

9881 82

5927

9938739

h ccmpig s r igr pr hs sm

CmpT Uis

1298295 32575002025 727295187700 92893259720 28738971 519

1708,28 1 7881052

230858 28300002237293 18,1888

9792272 39050009792272 3905000

32,3,55 535888

2333,29 00893

53820 ,50933002807058, 105887953

175,995 171,03850


30/179

COUNY OF VICORIA TEXASMN OF IIIF h ya Dcm 7

u"in. cams___Pmr Govmt

Gvnmnta ativtsGna gvnmntub satHgwas and sttsCutu and atnub at ntst n ngtm dbt

Tta gvnmnta ativtis

Businsst ativtisAitNava jtCmmssa

ota busnsst ativtis

Tta ma gvnmnt

ompot Unit

xnss 16406

1 8 1 9 1380401040034 1 31

398919303496

848060418

306

409_

18 13468

Th amaning nts a an intga at this statmnt

Cags Svis

3 03036801 64

64839

9846 8

16813441

90913308

10061"_U8 1 86

am RvnusOating

Gants andCntibutins

118968469839301 16

19080

38686

494

7,494

38?69

6068

Gna vnusTaxs

CaitaGants and

Cntibutins

6164

6164

108010

1 08010

1 1444

4 164

t taxs vid gna usst taxs vid dbt sviSas taxsOth taxs

Gants and ntibutins nt stitd tsi gams

Invstmnt anngsSa wat igtssanus

TanssTtal gnal vnus and tanss

Cang in nt assts

t assts bginning as statdt assts nding


31/179

Net xpese) Revee adCaes i Net AssesPra GveeGveeal

Acvtes

928)8682908)10)10400)16008)98992246110

2246110

1649991 6096980

2286

289621 21 6

4102648126268440

240

29926 18026

Busesspe

Aves

10146)29620)211144294

144294

69

91664812666901240

9429989

Tta

928)8682908)10)10400)6008)989922461 10

10146)29620)211144294

290404

1 16499960961980

2286

28962219

44

26412960

8828 4499

Cpes

16640

122209919

68662800

289

942266199

4484014080

16


32/179

OTY O VITORIA EXABALANC HTGOVRNMNTAL FUNecembe 3, 007

ASSESCrt assts

Cas ad ash qivats rsitdCas qivas rstitdRivabs () frm h gvrmts frm hr fdsfrd xdsAdva t r fds

Total asss

LIAIES AND UND AANESabilis

Ats aabAd xds t hr ds t hr gvrmsfrrd rv

otal liabils

u balacsRsrvd

AdvasAd rba

frd xditrsrsrvd dsgatd rrd iGral fdSa rv dsb svi ds

otal u balacs

otal liabils a u balacs

amaig s ar a gral ar s statmt1 7

Oth aGvrmal Gvrta

Gra dsds

1437677 4,395,683 187336695879 695879

136977 296,536 1665823662652 639,27 12657946419 238 46657

8794 8794211 766 211 ,766

29954755 7,995,727 3795482

524455 2299 745,445411243 188,242 599,485

286317 286,31725972 259,72

16255133 4189838 2444,9711 745,551 4,885387 22335938

211 ,766 211 76615,767 15767

8,794 8794

12,267877 122678772992795 2992795

117545 117545125424 31134 15,614544

29954755 7995727 37,95482


33/179

COUTY OF VICORIA TEXASRCONCILIA TlON OF TOTAL G ORNMNTAL FUN BALANC TO NET A TOF GORNMNTAL ACTIITIeembe 31 007

l gvemenl blnes

Amount reporte for oement civte n the ttement net et reierent becue:

Te inea evie d i ued b he Cun hage he f eainae idividual fud he ae ad liabilie he iea evie di inluded i gvemeal aivie in he aemen e ae

pe axe eeivabe wi be eed i ea, b ae avaiable neug pa f e e peid expedie ad heefe ae deeed inhe fud

Beae e u f gvemenal fud hem iaing me aewi n be avai abe pa epeid expediue e ae fexample eevabe) ae e b deeed eveue n e gvenmeal dand u ae n inluded i fnd balane

Capia ae ed i gvemea aviie ae eped a expede ingvenmena fud we phaed ed The f ee ae i19,880 ad e aumaed depeiain i 12806

Oe nnuen ae f exampe, bd iue ) ed gvemeaaiviie ae n inaal eue and eee ae eped ingvemea nd. The f ee ae i 162872ad he aumaedamiai i 16,67

Lngem liabile ae due and paabe e ue peid ad eefe

ae eped a abilie in e fnd ngem liabie a eaed

Bnd paableCapia eae paableAed nee paableCmpenaed abee

Ne sses gvemel ves

The ampaing e ae an egal pa i aeme 8

(7, 76,000(206,24

(166476(968

1,6144

(440

1,8

184,19

2622,11

46,2

(11 2918 1807,26


34/179

X TA TMNT OF RNU, XPNITURE AN HANGE IN FUN BALANEGOVRNMNTAL FUNFo th ar n mbr 31 007

EVENUESaxesFees f ie ad user feesegveetaFies ad eiuesvese eeses ad peisCtibussellaeusoal revenes

EXENDUES

CreGeera gvereb safetgwas ad steesCuure ad reeaiubi eal

Capta uaebt sevie

ripa ereeterest ad isa ages

oa expenires

xess defiie) f reveesver expediures

OHE INNCING SOUCES USES)Sae f assesCapita lease ssuaeTasers rasers uoa oe inancing sources uses)

Cage i ud baaes

Fd baaes a begig f ea

n alances a en o year

e apag tes are a iegal par is satee

OerGverea

Geeral Fuds06006 8804

18688 87084 6441678 041

67 484167

1 01848 080

,8,61 0,668740

14 086,86 ,68,661 , 10,6 664

40488148 1

04 8440

100000767

6,00,0 11 ,670,871

848 ( 00 484 1660

176,61 68477,00 1,88(177 (86,67( 1 81 8 ,686106,1 68047

1,8,81 4861

10404 ,10 ,40

TtaGveeal

uds 48,1

86,16188,481744168

,6 1 , 0

88,84,01

1,0,01,406840488146066416

40

100,000,6

8,1,801

800

614460

608(,08,40(16,0847

1468

6444


35/179

OUNTY O VITORIA, TEXAS

CONCIATON OF THE GOENMENTAL FUN TA TEMENT OF EENUEEPENTUE AN CHANGE IN FUN BAANCE TO THE TATEMENT OF ACTTIEFor he year ended eember 31 2007

Tota e hae fud aaes ovemeta fus

Amon repoed for ovemena acve n he aemen of acve are

dferen beaueTh nna srvi fund is usd b h Cn o har ss f ainsuran individua funds h n ss f h nrna srvi fund is prdh vna aviis

Th n ff f varius ansains nvvin apia asss ( sas andadins) is dras n asss

Curn ar apia uas ar xpndirs in h fund finania sans bu shuld b sn as inass in apia asss in h vrnnidfinania sans h n ff f rvn h 00 apia uas s inras n asss

prian s n rnd as an xpns n h vrnnal funds sin ids n ir s f rrn finania rsus h n ff f hurrn ars dprian s das n asss

Capia as prds prvid urn finana rsrs vnna fundshvr issuin db inrass lnr abls in san f nasss

Curn ar pans n n db ar xpndrs in h fnd fnanialsans bu h srv rdu n iabiis n vnndfnanial sans n h urn a hs auns nsis f

nd pnpa n 00,000Capa as pinpa n 66,499

as s pp axs i n b d f sva nhs afr Cuns fsa a nds ar n nsidd avaiabl rvnus and adfd in h vnna funds Sii a r rvnus ar n urnavaiab a a nd and ar n ptd as rvn n h vrnnal funds.

pr axsOhr vnus

S s prd n h san f aivis d n uir s furn fnania sus and hrfr ar n rpd as xpndurs nvnna funds s aivs nsis f

10,066(,194

07,614

4579

(07009

965

8097

985

(446095

1,96,499

9987

ras n pnsad absnsnas in aud inrsras n ssan ss (89 016

hae et assets of ovemetal atvtes

h apann ns a an ina pa f is san0

,45,0


36/179

COUNTY OF VCTORIA, TEXASA EMEN OF NE AEPROPREAR FUNDDecember 31 007

Bsiss ActivisGvma

ActivitisNava ta SicAi jct Cmmissa Ta d

ASSETSC asss

Cash ad cas qvats 11 19171 7,7 3 Rcvabs t) 1 , 1, 1 1 1 ,77 fm th gvmts 7,73 7,73v ,7 7

To cue sses 1,9 19,37 7,7 3,93 ,77

Nc asssCaital assts

ad ad h asss bigdciad 1 19,33 1,7Bidigs mvmts adqim t) 7,11 ,33 1,7 979,39

Bd iss css ) 7977 47,977

To ocue sses ,1,3 33 1,7 1 1 1 1 , 7

To sses ,71, 993,39 9,9 11,,7 ,77

LABLTESCt abis

Accs aab ,77 1,3 9 3, 1 ,Accd xss 17 ,7 1 ,7

Accd s aab 1, 1, h fds , 199 ,93 1Advac fm h fds 11 ,7 11 7Cams aab 71 , 19Accd cmsatd abscs ,37 3 79 7,7C bds aab , ,

To cue ibiiies 9, 3797 ,79 ,93 7,173

Nct iabsAccd cmsatd abscs ,7 , 9 339Bds aab 1 , 1 ,

To ocue ibii es ,7 1,,1 9 1,3

To biies 9,9 1,33,97 39 1,9 7,173

NE ASSESvsd i caita assts

t f atd dbt ,1,3 1,7 1,7 9,1,1sicd assts ,33 3 3,7 ,97 13

Tol e sses ,11 91 1, 993,739 1,3h accmaig s a a ga a f hs sam

1


37/179

RA XASTATMNT OF RVNU XPN AN HANG N FUN NT A TPROPRITAR FUNFor he ear ene eember 1 00

Bsss ActivitisavaAi Pc

OPERATNG REVENUESChags f svics 1 129 69 Rts 4242 4717scas 1 1 Tota oeatg eees 684 471 7

OPERATNG EPENSESA as 2196080Cmissa patisas atis 279409

Ha h svicsBa bs 1700cati a amtiza 6622 22967Tota oeatg exeses 287480 09066

Oeatg come loss) efoeooeatig eees exeses)ad cotitos ad tasfes (1 189667 8091

NONOPERANG REVENUESEPENSES)

vsmt ictst 697 7064

Gai ss) issa catal asss 916caia gats a cibtis 7494tst a b css 6771Tta atig vs

xss) 847 60647cm ss) b cibs

a tasfs ( 7 20 (226

Cbis a tassCaial gans a ctibts 080710ass 64826

ta ctibtis a tass 172886Chag asss 76 (226

a t asss a bgiig f a 76442 8098

Total et assets at ed of ea 8 21 941 166042

h accmaig ts a a i tgal a ths stam22

Cmmissa 9097

90917

102 8

1970104128

( 1 2 1

68

68

(9

(9

7809

6626

GvmaActvtis

ta Svicta

1220486 2294461089609

1 22208 229446

2196080102 18279409

246822700

89284848799 246822

(164787 (208777

1769 768

91674946778642 1768

(1 20429 (207009

1 08070648126

728862407 (207009

9412 494 99879 41 40


38/179

COUTY O ICTOR, EXSS TA TEMENT OF CASH LOWS

PRORITARY UNDS

or the year ended Decembe 31, 2007

Business-te AcvesGvernmen

Acivies-

Navarr InernaAort Poject Commissa Tal Service FunCASH FLOWS FROM OPERATING ACTIVITIES

Cash receved frm csmers $ 1990 $ 552795 $ 9097 $ 2 12902 $ 225944Cash pad spplers fr gds and sevices (1415907) (70972) (07) (10289) (225889Cash pad emplyees f servces (740,807) (04,8) (88,177) (933,850)

Net cash provdd (usd) by opeatng

actvtes (487524) 27957 (3,277) (223,844) 55CASH FLOWS FROM NONCAPITAL

FINAN CNG ACTIVITIESBrwing (repaymens) her funds 72 (150409) 8 (5029) (22Trasfers n fm her fnds 482 482

Nt cash provdd (used) by noncaptal

fnancng activtes 48198 (50,409) 8 497797 (232CASH FLOWS ROM CAPITAL AND

RELATED FINANCING ACTVTESCapia cnrbued by federa gvernmen 2770 12770Acqisiin and cnsrucn f capal asses (1445214) (1400) (14414)Principal paid n nds (75000) (75000neres paid (8,739) (8,739)

Net cash provdd usd) by captal and

rlad fnan cng actvtes (117454) (45139) (22,593)CASH LOWS FROM INVESTING ACTIVITIES

rceeds fm saes and mauies f invesmens 195 1915nvesmen incme 97 704 58 1759 17

Net cas provdd (usd bynvstng actvtes 97 1499 58 5794 17

e cease (decrease) n cas and cashequivalens 5057 2708 (91) 1854

Cas h and cas eqvalens a begnning f yea 11188 215 708 2002

Cash and cash equvaents at end of year $ 11845 $ 149171 $ 57470 $ 848 $

2


39/179

OUY OF TORI TEXSSAEMEN O CAS OWS

PROPREARY UNDS

or the yer ended Deembe3 2007

RCONCILION OF OPRING INCOMO N CSH PROIDD BY OPRINGCIIS

Opr icm lss

Ajusms rcc pri icm csh pri by pri cisDprcii mrizin bs xpshs i sss li biiis

( crs) crs i ccus rcib( crs) crs i inycrs crs) i ccuns pybcrs (crs) i ccru psscrs (cs) i cmps bsncscs (cs) in clms pyb

Tl jusmns

N cash povdd usd) yopang acvs

usnsstyp Aciiis

Airport rrroct Comm issary lGm

Aciis

lSric u

$ 1 19667) $ 91 $

661 9657175

159) 56166 656 59

7 66

1) $ 1 677) $ 77

197

(242)

1)(,651)

66)

9175

16)166

95

99

595

19

16

9

$ 75) $ 76957 $ 13,Z) $ 3, "

Th ccmpnyi s r ir pt is sm.

24


40/179

VRA EXAS TA TEMENT OF FIUCIAR NET A ETFIUCIAR FUNeember

ASSESCas ad cas qvaltsRcvabls t)

Oth m t gvmtsSd assts

ot ssets

IAIIIESabts

Accts paab

t t ds t t gvmts

otl tes

NE ASSESUstctd t assts

T accmpag ts ar a tga pat f ts statmt5

vatps Agc

Tst Fds

66358 993,69

69,39,67

13,

66358 1,17,913

157 3,791,758

35 66,155

5,7 1,17913

168


41/179

RA EXASTTEENT OF CHNGE N FDUCR NT TFDUCRY FUNDFr he yer ended Deember 31 2007

AONSvsm icm

rsscs

rticipts cibuis

Tota aon

EUONSGrl vrm

cps' wihdrws

Chs sss

sss bi

N at nng

Th ccmp s p is sttmt26

rvrps

Tus

6

12642

128133

12393

4340

1944

16,284


42/179

RA EXAST TEMENT O NET ETCOMPONENT UNITember

VcraC

aviat

iticASSES

Crt aCa ad ca qvat 49543Ca ad ca qvatictdvtRcivab t 082590 fr r vr 27957Sppl ivtrrd xpdirppaid xp

a cr at 625690cr at

Capal aad ad at t bidpciad ,897,356Bldi pv, adqpt t 3360,667

Bd i ct 49,574Rrictd at

Ca ad ca qvala cr a 5307597

T sses 2 ,433287

IAIIIESCr liabit

Acct paab 73,54Accrd xpditrxpAccrd irt paab 27246 r vtUard rv 4788Crt pi f tr bati 285000

tal cr iabiiti ,8642cr abili

crt pt f ltr ba 925,000a crt iabili 925000

T ibies 37892

NE ASSESvd capa at, ad dbt 3,048,023Rtrcd :

b rvic 20080Utcd a 4475973

T e sses 7,644076T accpai t ar a itra part ti tatt

27

VicraC Ci

Cd Wlfa dica

Bard C ta

33046 82,8558 87,899,770228450 2,284,50

4,027635 4,027,6355,2645 6,299,04

27,957,79922 ,799,22

400 37450 374,9033446 6,553899 2283,035

,93589 3,833,75

67523209 708838762594803 2644377

4,776,275 477627586,830,06 0237703

33446 203384005 224,950,738

905 38344 32575007276295 7276295

897647 9248932,874389 2874389

47882,545,000 2830000

905 6,776,772 864888

32980000 34,905,00032980000 34,905,000

905 49756772 53546888

50,960940 64008,963

386854 ,506,93432,54 0279439 05,887953

3254 53627233 7403850


43/179

RA EXAS T TEENT OF CTIVTECOPONENT UNITFo he yer ended Deembe 31, 2007

rgrams

Cmpe UsVtra C avga s Vtra C Chd Wefare BarCes edal Ceer

xpeses

667,1636,187

1 1 8 1 1 1 8

Carge rSeves

rgram Revees

OperagGrats ad

Ctbts

3,37 ,5

131 561 696658

CapaGras a

Crbts

51 ,16

Tta mpe s 1 18 13 68 1 3778 86 6 658 .51"6

e ampag es ae a ega par f s sateme.8

Geera reveeaxes

pet axes eved geera prpsesrpet axes eved debt serve

vestmet eagsSae f water ghtsseae

Tta geeal reveeCage et assets

et asses begget asses edg


44/179

Vta CtNaviga

iti

(3,45585

(3,45585

1,97191 59538735

,33787897

4,8814

3817 11 88

1!447

Net xpee) Reveuead Cage Ne Aet

Cpe U Va CCd Welare

Bad

CiieedaCete

71

71

433

433

495417587

13,541

,75

,75

5,3898

53898

5,985731 744153,733

9

Ta

(345585

7 1175

17,54

,9791 ,595

57383378

7897945355

197954478455

74385


45/179

U RA EXASNOT TO FNANCAL TA TEENTDecember 31 2007

1

3

4

7

8

9

1

3

4

1

1 7

1 8

1 9

DEX

Summr f Sigif ic Accig ce . . . . . . . . . 3

Sewrdhi Cmice d Accubilit 38

e d veme . . . . . . . . . 38

Recevbe . . 39

ue frm Oer Gveme 4

Cil Ae ... .. 4

er Agreemet 42

mee Reireme 43

Oher mme Beef 45

mee' elh rce ud . . . . . . . . . . . . . . 45

efere Cmei . . . . . . 4

Rik gemet 4

gTerm eb .. 4

r er efece f eb . . . . . . . . . . . . . . . . . 49

eu Recevble be d fer . . . . . . . . . . . . 49

Reled t Trct i . . . . . . . . . . . . . . . . .

Ctgecie

Adjutme d Reemet Begg Blce .. ..... ...

Sbeue ve . . . . . . . 1

Vici Cu vigti rict . . . . . . . . . . . . . . 1

Vci Cu Ci d Welfre Bd

C ize edc Ceter . . . . . . . . . . . . . . . . . . . . . 7

3


46/179


47/179

CO UNTY OF VICTORIA, TEXASNOTEST INANCIAL STATEMENTSDeember 31 2007

NOTE 1: SUMMARY OF SIG NFCAN ACCOUNTING POLCES

e Cout of Vitoria Texas te "Cout) is a poitia subdvsio of te State of exas Te Cout igovered b te Coissioers' Court, oposed of four (4 ) Cout Cossioers ad te Cout udge

all of wo ae eleted ofiias

A . Reort ng E nt it evauatig ow to defie te goveret for faa reportig purposes, te Couts aageeas osdered all potetia opoet uits Te desio to ude a potetia opoet ut i treportig ett was ade b appg te riteria set fort i te Govereta outig StadardBoard GSB) Stateet o. 14, The Financial Reporting Entity, ad as aeded b GSB Stateeo 39 Determining Whether Certain Organizations are Component Units. Uder tese gudeles, tereportig etit osists of te priar goveret a fuds of te Cout), orgaatos for wi teprar goveret s fiaa aoutabe, orgaatos for wi te priar goveret s ofiaia aoutabe, orgaatos tat rase ad old eoo resoures for te diret beeft ote priar goveret, ad a oter orgaizato for wi te ature ad sgifiae of te

reatiosp wit te priar goveret s su tat exusio oud ause te Couts faastateets to be isleadg or iopete. tities oter ta te priar goveret tat ariluded i te prar goveret's fiaal stateets are alled opoet uts. Te opoeuits disussed i tis ote are luded te Couts faia stateets beause of tsigifae of teir fiaia relatosps wit te Cout ad te Cout's abilit to ipose its wl ote orgaiatios

Component UitsTe opoet uits ou i te faia stateets ludes te faia data of te Couttree opoet uts e are reported i a separate ou to epasie tat te are egalseparate fro te Cout

Vitoria Count Naviaton strit stabsed to oversee ad reguate te ateae aoperatios of te Vtora Barge Caa e strt is govered b a Board of Coissoers, eaeber of wi is appoited b te Cossioers' Court of te Cout. Te Coissioers' Couof Vitora aso reviews ad approves its aua l budget Ts ett is osdered a Goveretaud pe for te Cout's reportg purposes ad uses te sae fisal ear as te Cout

Vitoria County Cd Welfare Board stablsed to provde varous ld protetve serves tresdets of te Cout e Cossoers Court of te Cout appots ea eber of te etitboard of d retos ad revews ad approves its aua budget e progras of te Board are otfaed b te Cout ad te State of Texas Tis etit s osdered a Goveretal ud pfor te Couts reportig purposes ad uses te sae fsa ear as te Cout

Ctzes eda Ceter 368bed aute are ospital owed b te Cout ad estabised tprovide eda serves to te residets of te Cout ad surroudig areas Te edal Ceter

govered b a board of dretors ea eber of wi s appoted b te Coissoers Court ote Cout. Tis Court also revews ad approves te aual operatg budget of te edial CeteCites edal Ceter operates o a fisal ear edig Jue 30 of ea ear e aouts reportefor te edial Ceter i te faia stateets are as of ue 30, 2007 e edial Ceter ireported as a roprietar ud pe te aopaig fiaal stateets

31


48/179

NE : RY IGNIFN NING PIIE - nud)

A. Reti (Cied)Cpee faal taee fr eah f he abve ted pe a be baed bag hei epeve aditative e a he flwig addree

Vitra Ct avga iri 5 rth Brdge R 41Vitra, Texa 77901

Vtra Ct Chid Welfare Bad50 Alie RadVia, Texa 77901

Ctie edal Cee70 ptal ive

Via, exa 90

B Gverewide ad d Fia al Saeet

The gveewde faal atee (e, he taeet f e ae ad he tatee hage i e aet) epr fa a fidar avie f he C ad i pei he par the efe f ierfd avit ha bee reved fr thee ateeGveea aviie whih ra ae pped b axe, ad egvereta revee aeprted epaael f biepe avie whh e a gfia exet fee ad hargef ppr ewie he pia gvere repred eparate f i legall epaapet it

he ateet f ave derae the degee whh he dre expee f a gve f

eget are et b prga revee ire expee are he ha ae learl detifable with peif fti ege gra revee ide hage e r applia whprhae, e r diel beefi fr gd, evie pivlege prvded b a give f ege ad gra ad tribi that are ered eeig he peraal r apaeqiee f a parlar f ege. axe ad her e prpe ided apga revee are repted ead a geera evee

Separate faal tatee are prvided f gveeal fd, pprietar fd deelpeeed pet , ad fida fd eve hgh he late are exlded fr hgveewide fiaial aeet ajr divida gveea fd ad aj idvidaeterpe fd are epred a epaae i he fd faia taee

C Measurement Focus, Basis of Accounting and Fnancal Saement PresenaionThe gverewde faa ateet ae repred ig he e rere eaeef ad he ara ba f ag a are he ppea fd ad fda fd faaaee Revee ae rerded whe eared ad expee ae rerded whe a abili rred regarde f the ig f related ah flw. per taxe ae egied a evee ihe ear fr whh he are leved Ga ad ilar e ae regzed a evee a a aeigibi it reqee ped b he pvde have bee e.

3


49/179


50/179

NOT 1 SMMRY O SGNIFCNT CCONTING OLICIES Ctud)

C. Measurement Focus Basis of Accounting, and Financal Statement Presentaton - (Contnued)

h vat ups Tust und th Flxb Bnfts an, s usd t aunt f auntswthhld f ply payhs bf ICA and wthhdng taxs a putd Asus f th fund, nudng any anngs n nvstd sus ay b usd t bnfpats utsd th Cunty A th abv s adng t th pan dunt h fund xludd f th gvnntwd fnana statnts

Th Agny Funds aunt f sus hd by th Cunty as an agnt f vaugvnnts and ndvduas. hs sus n ud ad va taxs td and t bdstbutd t th a gvnnts passthugh gants, vaus fns and fs t bdstbutd t th gvnnts, t Th funds a xludd f th gvnntdfnana statnts

Th Spa Rvnu Funds aunt f th pds f spf vnu sus that a ga

sttd t xpndtus f spfd pupss.Th bt Sv unds aunt f fnana sus auulatd and paynts ad fpnpal and ntst n ngt gna blgatn dbt f gvnnta funds

vatst standads f auntng and fnana ptng ssud p t b 1 8gnay a fwd n bth th gvnntwd and pptay fund fnanal statnts t thxtnt that ths standads d nt nflt wth ntadt gudan f GASB Gvnnts ashav th ptn f fllwng subsunt pvatst gudan f th busnsstyp atvts anntps funds, subt t ths sa tatn. h Cunty has ltd nt t fw subsunpvatst gudan

As a gnal ul th ft f ntfund atvty has bn lnatd f th gvnntwd fnana

statnts xptns t ths gna u a hags btwn vaus funtns f th Cunty natn f ths hags wuld dstt th dt sts and pga vnus ptd f thvaus funtns nnd

Aunts ptd as pga vnus lud 1 hags t usts appants f gdssvs pvlgs pvdd, patng gants and ntbutns, and ) aptal gants anntbutns nudng spa assssnts. Intnally ddatd sus a ptd as gnavnus ath than as pga vnus. ws, gna vnus nud all taxs

ptay funds dstngush patng vnus and xpnss f nnpatng ts. Opatnvnus and xpnss gnay sut f pvdng svs and pdung and dvng gds nntn wth a pptay funds pnpal ngng patns. h pnpa patng vnus th Cuntys ntps funds and ntna sv fund a hags t usts f sals andsvs. Opatng xpnss f ntps funds and ntna sv funds nlud th st f sa

and svs, adnstatv xpnss, and dpatn n aptal assts All vnus and xpnsnt tng ths dfntn a ptd as nnpatng vnus and xpnss

Whn bth sttd and unsttd sus a avalabl f us t s th Cunty's ply t ussttd sus fst thn unsttd sus as thy a ndd.

4


51/179

NOE SMMRY O SGNIINT ONTING OES - ed

Bdets ad Bdeta Acctige Ct dge is, b state, e bdget fce f e C Afe beg fised bdgegideies b e C Jdge ad Cissies' C, te C Adit pepaes a estae evees ad a cpat eqesed depatea expedes. epatet fficias appeabee e C dge ad te Ct Adit depaeal bdge evew A ppsed bdget ipepaed b te Ct Adit, te sbtted t te Cissies' C Befe deteig eia bdge e Cssies C a cease decease e as eqested b tevais depaets Ats ia bdgeed a exceed e Ct Adit's estiate evees ad esiaed cas baace at Jaa 1 e bdgeted ea

Bdgets ae adpted f e Geea Fd se e Special Revee ds ad eb Seviceds b te fis ega sessi f te Cissies C i Septebe. A bdges adpted be C ae e cas basis acctig ate a cit wit geea accepeaccig pcples (GAAP) Ude e bdgeta bass, evees ae ecged as clleced aexpedites we paid

We e bdge as bee adpted b e Cssies' C, te C Ad is espsibe itig expedtes t keep te f exceedg bdgeted apppiatis ad f kepig e bes f te Cissies' Ct advsed te cdii te vas ds ad accts Tleve cl (e eve wic expedes a exceed apppiais) eac egaladped aa peatig bdget is a ieite bass A aedes abve te ieite eves ave te appva e Cissies' Ct befe ipleetat Te eite eve c is deed b e basic categes f salaes, ge beefis peatig expedites tesevices ad cages, captal ta ad deb sevce

Bdget evee aedets ade dig e ea i e Ct's gveetal fds eted aicease f $4,78 Bdget expedite aedets i tese fds eed a icease $,8

cbace acctg de wic pcase des, cacts ad te ciets expede ies ae ecded de t eseve tat pti f te appicable apppiati, ieped b te Ct as a extes f a bdgea tegai cbaces tstada eaed ae t eped as esevais d baaces A ecbeed apppiais apse ate ed te isca ea. cbeed apppatis ae eapppated i e esig ea's bdge.

. esits ad vesetse Ct's cas ad cas eqvaes ae csideed t be cas ad dead depsits, adste ivestes wi iga aities tee ts less f e dae f acqisitivestets f te C ae eped at ai vae

Te Ct a vest is excess fds i a istes aized b e Pbc ds IvesteAct exas. Ivestets atied de ts Act iclde, bt ae liied t, te flwg

Obligas e Ued Staes s agecies ad isetaities dect bgatis f te State Texas s agecies ad istetalities caealized tgage bligatis diectl ssed b afedea agec istetait f te Uied Sates te delig secit f wic is gaaeedb a agec istetat te Uited Saes e bgais, e pcipa ad itees wic ae cdiall gaateed sed b, backed b e f fait ad cedit f, te Stae Texas e Uited States ei especve agecies ad isealities; ceiicaes depsissed b a sae iacia stit dced i te Sae Texas wic s gaateed isedb te edea epsi sace Cpa (C) ewise seced ad cetai epcaseageeets


52/179

NOE SUMMRY OF SGNICNT CCOUNTING OCES Cntine)

ss ad vsms Cid)Th Cmmissrs' Cr has add a wri ivsm lc gardg h vsm is fdas dfid b h bic ds Ivsm Ac f 1 99 Th ivsms f h C a cmlacwih h Cmmissirs Crs ivsm icis

F Rsricd Asss

Us caia as rcds i h Cs Gral d ar cassid as srcd asss hbaac sh bcas h a rsicd f h chas f addia cm im asfwar r varis C dams Th ms a hd i scrw b h Bak w k

G. Rcivabs ad aablsAcivi bw ds ha a rsaiv f ldgbrwig aragms sadg a h

d f scal ar a rrd as d rm h fds , h cr i iras) "advacs rm hr fds" i , h crr ri f rd las) All hsad ig baacs bw fds ar rd as "d fm hr ds A rsdal baacsadig bw h gvrma acvs ad bsss acivis a rd hgvmwid iaca sams as al baacs Advacs bw fds as rd ih d fiac ial sams, ar ffs b a fd baac sv acc i aicab gvmafds idica ha h a avaiab aai ad ar xdabl avaab iaciasrcs

A rad ad rr ax rcvabs a shw f a awac ccibs

H . Ivr ad rad msvis f slis hld b h Arr d a rs d a vad a h wr csfirsi fis) mark . smad cs s sd wh acal cs fgs a avai ab.

Cai ams vds c css a cab r accig ids Ths ams arrrd as drd xdrs gvrmal ds) raid xss rra fds) i hfd fac ial sams ad as dfrd xdsxss i h gvrmwid sams

Caa AsssCaa asss whch icd la, im ad ifasrcr asss .g. ads, bidgssdwaks ad sima ims) a d h alcabl gvrmal bsss aciviclms i h gvmwid sam asss Th C dfis caal asss hha fasc asss as asss wih a ial, dvida cs f mr ha $ ad asmad sl lif i xcss a h C s iasc asss a ssm bass

Accdg h ams s fr h csc acisii f iasrcr asss arcaalzd ad rrd rgardlss hi am I h cas h ii al caializai f grarasrcr asss h C chs cd all sch ms acid r afr a a 1 Th C d irasrcr asss acid ri aar bgig ar dicmb 1 7


53/179

NO SMMAY OF SGNIFICAN ACCONTNG POICIS Coned

tl Asss id)As h y ss is i sss h rid hy iid d rd hsril s d i sss rdd sid fi r l h d f diTh ss f l i d rirs h d dd h h ss r rly sss is r id. Mr lys fr i sss d s r ilizd js r srd rs id dri h sri hs f l sss f sissy iis is lizd wh id wh d Th irs ilzd is ld y ffs rs s ird dri h id sri f h j wih s rd isd ds r h s id

rry l d i f h ry r s drd si h sih i hr h flw sd sfl l s:

Asss

Bildisrs hr h dissrMhry d fi d fs

J . sd Ass

Ys

0500500-0

5155-10

Vi fis d y y ys rdi ds s i h y's siy Ths y ss h l f yr sri h ly will hrfr rdi h r f yrs f is si U i ly if h ly hs d yr f sri h sh wl d f d sd l Th y f sd i y d 80 hs Al

rd wh d h rwid d iy d fl ss A ii y hs s is rrd i ds ly hy h rd f l s s y siis d is

Eys did wh si rdi h f ys is sr k dyy ld i 60 wri dys 80 hrs y rs s sh sd si l s wil d ys rii hr s lis r rd

K LgTr Obgtis h wid fi ss d i riy d ys h d iss d d hr lis r rd s iiis i h il is sissy iis riy d y s sss B

rs d diss s wll s iss ss dfrd d rd h f f hds s h srhli hd Bds yl r rrd h i d rir dis Bd ss ss rd s drd hrs d rzd r h r hrld d

h d fii ss l d ys z d s d diss w s d iss ss di h rr id Th f d ssd is d h fi srs is rid d sss rrd s h fi swhl dss d isss rd s h fi ss ss ss whhr whhd f h d ds id r d s d sr dis

7


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NOT 1 : SMMARY OF SGNIFCAN ACCONNG POICIS Contned

nd qi n he fnd nancia saeens, overnena nds repo reservaions of fnd alance fo aonha ae no availale or appropiaion o are eally resiced y oside pares o se or a specifprpose. Desnaions o nd aance i any, represen enaive anaeen pans ha are seo chane

M Resrced N e Asses

Ne asses are repored as esrced when here are iaons iposed on her se eiher hroh henaln eisaions adoped y he Cony o hoh exena esicons y crediors, anos oaws or relaions of ohe ovenens

N se of Esiaes

he pepaaion of he overnen-wide and nd financia saeens in confoiy wih eneraacceped acconn prncpes reqires he Cony o ae esiaes and assessens ha aec hepoed aons of asses and lalies and discosre o connen asses and liaiiies a he daof nancial saeens and he epoed aons of evenes and expendres din he repoinpeiod. Accordinly, aca ess cold die fo hose esaes.

NO 2 STEWARDSHIP COMPLIANCE AND ACCONABLTYDeci nd qiAs o Deceer 31 200 he folown fnds had defici eiy aances

nd aance!nd Ne Asses

nena Sevice ndployee Healh nsrance $ 5103

Seps wil e aen o einae hese deficis in he pcon fsca yea

NOT DPOSITS AND NVSTMNTS

As o Deceer 3 2007 he Cony had he folowin nvesens

nvesen eMoney Mare nds

oalInees Rae Rs

ai Vae 845050; 8050

Weihed AveraeMar Monhs/A

n accodance wih he Conys nvesen policy, he Cony anaes s exposre o decines n ai vaey liin he wehed averae ay o is nvesen porfoio for invesens o ess han ive yeas ohe e o prchase Specifcay, nvesens o operain nds s have saed inal ari es of hreyears o ess and nvesens in capal poec nds s have saed ina aries ha do no exceed hexpeced copleon dae of he proec or which he onds wee sold The oney ae nds aredeeale in iedaely and heeore do no have a saed weihed aveae aiy

38


55/179

NOE DEPOSIS AND NVESMENS " Conted

Credi Ris

Credi ris s he ris ha a issuer r uerpary a vese wi fuf is bigais. he raigf seuriies by aiay egied raig agees are desged give a idiai f ed is. is hCuys ply ii s veses hse wih aigs ess ha A r s equivale. ADeebe 31 , 00 he Cuy was epsed redi ris

Cerai Credi Ris

The Cuys ivese piy equies ha he ivese pf sha be dversified i es ivese srues, auiy sheduig, ad faia isuis edue he is ss resug ver eai f asses i a spefi ass iveses, speifi auriy r speii use. A yearehe Cuy was epsed ea ed rs

Cusdia Cedi Ris - Desis he ase depsis, his s he is ha i he eve a ba faue, he Cuys depsis ay breured i. he Cuys ivese py requies ha depsis a faia isuis be isued by hDIC ad llaealied by seuriies pledged he Cuy by he depsy a au equal a leas1 10% f he aryg value depss hed As f Deebe 31 00 $,31 1 50 he Cuys babaae f $9,8,86 was epsed usdial redi is beause i was usured ad llaeraied wseuries hed by he Cuys depsiry

Cusda Cedi Rs - Iveses

r a vese, his s he is ha, i he eve he faiure he uerpay, he Cuy will bable reve he value s iveses r llaera seuriies ha ae i he pssess f a usidpay he Cuys ivese py requies ha seuriies be held i he ae f he Cuy hed behalf f he Cuy ad ha a seuies are purhased usig he delivey vesus paye ehd As Deebe 31 , 00 ad r he year he eded, he Cuy was epsed ay usdal redi rs

Please see es 0, 1 ad r disusss elaive he ash depsis f he Cuys hee peuis.

NOE : ECEIVABES

Reevables a Deebe 3, 00 fr he Cus idividua ar fuds ad a ad iera serviuds i he aggegae, iudg he appliabe alwaes f uleibe aus ae as lws:

aravar ad Ohe

eera Aipr Pre Fuds ass eeivables

Ad vale aes $ 0,9535 $ $ $ 3,08905 $ ,0050Sales aes ,0550 ,05510ies 60885 6,0885Oher 3,09 53,56 10,05 5,68 551

Tal gss reeivables 83,809 53,56 0,05 31359 1,65319ess: awaes 0,09 5500 1553 ,9,06

Ta e reeivables $ 3,69,00 $ 06 $ 005 $ 989306 $ 16,698,5

39


56/179

NOE ECEIVABLES Conined

The oly receivae o epeced o e coeced wh one yea are $51,490 o ne receivae repored ihe eeral nd

The ony overnena d repor deered revee conecio wih eceivae o evene haae o condeed o e avaiale o iqidae aie o he cren period he oveenal d adee revee reconion in conecion wih eoce ha have ee receved, o ye eared A hed o he crren ica yea he vaio copoe o deerred revene ad neared revene repored he overnea nd were a olow

Uavaiae neaned oa

enera ndAd vaore ae receivae $ 1,49,488 $ 1316506 $ 14,411994ine recevae 1,843,39 1,843139

onaor nd

Ad vaoe ae receivae 66060 3938 4189838; :68 0868 449Popey ae aach a a enorceae lien on popey a o aary ae are evied on Ocoe 1 anpayae y he oow Janary 31 , whch copre he coecion dae or he cre a rol The oo Vicoria Ta Aeoroeco l and coec i own popey ae

The ony i pered y Sae Sae o evy ae p o $.80 per $100 o aeed vaaon. hcoied a rae o he deary yea ended Deceer 31 , 00 wa $03986 per $00 whch ean hony ha a a arin o $04014 pe $100

NOE 5 DE FOM OHE GOVENMENS

Varo nd o he ony repored ao de ro ohe ovene a o he end o he cre yeahee aon ae copried o he ollown a Deceer 3 00

Nonond e

ener Airpor nd ToalCon reee $ 538, $ $ $ 538edel nd e rn 38,53 4,43 6390 1,04996Aohol nd no ae 49,995 49,995

$ 66,50 $ 4,43 $ 6390 $ 169363

40


57/179

NOE CAA ASSES

Te Coys capita asse acviy for e year ended December 31 , 00 was as foows:

ein Ednaace Icreases Decreases alance

Govrmtal activitisCapital asses, no be depecaed

ad $ 136,58 $ 6,000 $ $ 1395Constrctio in poress 63, 631

Toa capita asses o bei depreciaed 1,80,5 6,000 631 139,5

Capital asses, bein deprecaedMachery ad eqpmen 10,88 ,33,06 669 1159,85ldins 18,5,800 8,590 18833,39Impovemens 13,9,090 1,13 13936,50

Infrasrcre 1,1,08 3,888 310,3 1138,Toa capita asses bein depeciaed 5,1666 ,56,955 935,8 588,98

ess accmlaed depreciaion forMachery ad eqpmen ,16968 868,13 60,3 ,35,15ldins 6,8, 38,116 ,69,Improvemens 6,89,86 656,6 ,536,5Ifrastrctre 3,33,3 0,0 31 0,31 1 1 3 , 1 , 1 1

Toa accmated depreciatio 319, ,9,85 91363 13558,03

Toal capia asses bein depeciated ne 9,8 9,60 1965 39,95

ovenmenal acivities capial assets ne $ 81,3 $ 95,60 $ 8568 $ 6,1

Bsisstp activitisCapa asses no bein deprecated

and $ 933 $ $ $ 193Cosrcion in poess 1 0550 1,0550

Tota capita asses o be deprecaed 933 1055,0 1,0

Capial asses, be in depecatedMachnery and epment 68,363 33 ,66 1 8,0ds 6,90 ,6,9Improvemes 560,630 8,16 5,69,9

oal capal assets ben deprecaed 898,83 9,90 ,66 9,055,60

ess accmaed deprecaon foMacney ad eqipmen 5,58 56,30 66 56,6ildins ,60 10,58 15,8mpovemens 6,69 05 6966,

Tota accmlated depreciatio 8 , 1 31 88566 ,66 9,961

Toal capal asses bein depreciated ne 051 5806 95939sess-type acves capia asses, e $ 0666,90 $ 96,966 $ $ 0,963,8


58/179

NOE 6 CAAL ASSES Coe

Depreiaio epese was hared o fuiosprorams of he Couty as foows

Govermeal aveseera overmePui safeyihways ad streesCuure ad rereaioPu heath

oa depreao epese overmea ativies

Bsessype actvesAirporCommissaryavarro proe

oa depreao epese usiess-ype aivities

NOE 7 ESSO AGEEMENS

$ 554,000806,475483,18

509383336

$ 661119704375 887566

he Arport ud a maor eerprse ud, eases ad ad udis o various ureaed thrd pariesApproimaey 5 peret o he Airport uds apa asses are used o operae he Arpor avies hota ost o he uds is $175,317 ad he arry vaue is $137860 he ota os o hm provemes to the ad ad uds is $1,596,354 ad he arryi vaue is $6,854,677 Aumuaedepreatio o a asses he Airpor ud s $687934 oow is a aaysis o miimum fuurreas due he Airport ud uder oaeae ease areemes as o Deemer 31 , 007

Year EdDeemer 31

008

0090000

hereaer

$ 78,535

6,57737,3705,3197,033

680793650380W173

he avarro Proet ud a maor eerprise fud, aso eases uidi spae Approimaey 50 pere ohe udi spae is used y he Viora CiyCouy Heath Departme he rema i 50 peret eased o various ureaed hird paries he tota ost of the uidi eased s $1367473 ad the arryivaue s $75,08 he ota os of the mprovemes o he uidi eased is $3,098443 ad he arryivaue is $15065 Aumuated depreiatio o a eased assets he avarro Proet ud i$,840,430 oowi s a aayss o mimum uure reas due the avarro Projet ud udeoaeae ease areemets as o Deemer 3 , 007

Year EdiDeemer 3

008 $ 3304009 184693010 56801 6900 498

4


59/179

NOE : EMLOYEES EEMEN LAN

The Cony provdes reireen, disaiiy, and deah enefs for al o is fue epoyees hough nonradiiona defined enefi penson plan n he saewide exas Couny and Dsri ereen Syse(CDS) The oad of usees o TCDS is responsie fo he adinsraon of he saewide agenuipe-epoyer p epoyee ereen syse onssng of 53 nonradiona defned enefi pensopans TCDS in he aggregae issues a oprehensve annua finanial repor CA) on a aendar yeaasis. The CAF s avaiale upon wien reqes fo he TCDS oard of Trusees a P. O ox 03Ausin, Texas 86803

The pan provisions are adoped y he govening ody o he epoyer, whn he opons avaae in hTexas sae saes govening TCDS (CDS A) Meers an reie a ages 60 and aove wih 8 oore years of servie, wih 0 years of servie regadless of age, or when he su o heir age and years oservie equals 5 or oe Meers are vesed afe 8 years of sevie u us eave her auaeonriuons n he pan o reeive any epoyer-finaned enef Meers an wihdraw onrons in up su via paria payens however, hese ees ae no enied o any aouns onrued y heepoyer

enefi aouns are deerned y he su of he epoyees oniuions o he plan, wih neres, andepoyer-inaned oneay redis The eve of hese oneary redis is adoped y he governng ody ohe epoyer whn he aaial onsrans iposed y he TCDS A so ha he resuing eneis an expeed o e adequaely inaned y he eployes oien o onrie. A eireen, deah, odsaiy, he enefi is aaed y onveng he su of he epoyees auaed onriuons and hepoye-inaned oneary redis o a onhy annuiy usng annuiy phase raes pesied y heCDS A

A Fundin Pohe epoyer has eeed he annualy deerined onion rae Varaeae) pan povisions o heCDS A. The plan s fnded y onhy oniuons o oh epoyee eers and he epoye

ased on he overed payrol o epoyee eers . nde he TCDS A, he onruion ae o hepoyer s aariay deerned annualy was 11 .30% or aendar year 00 he depos rapayae y he eployee eers is he rae of 00% as adoped y he governing ody of heployer The epoyee depos rae and he eployer onuon rae ay e hanged y hgovening ody o he epoyer wihin he opons avaae n he CDS A

Annua Pension Cos

For he epoyes aouning year ending Deeer 31, 00 he annal pension os fo he CDSpan for is epoyees was $308,89 and he aa onruons were $30889

The annua required onruions were auarialy deerined as a peren o he overed payol of heparipaing epoyees, and were n opiane wh AS Saeen No paraees ased on haara vauaon as of Deeer 31 006 he asis or deeinng he oniion rae for aendayea 00. he Deeer 31 006 auaria vauaon is he os een vauaon

3


60/179

NO MOYS' RRMN PAN Contned

C. Auaria Vauaon and rend nforaion

Actuaral Vauaton nformaton

Auaria os ehodAoraion ehod

Aorzaion period n yearsAsse vauaion ehod

AssupionsInvesen reurn Proeed saary inreases

InfaionCos o lvin adjusens

1/31/04

enry aeeve perenaeo payrol, open0on-erappreiaionwh adjusen

800%5.5%

3.5%00%

nludes inaion a he saed rae

1/31/05

eny aeevel perenaeof payo open0onerappreiaionwih adusen

800%53%

35%00%

rend Informaton for te Retirement Pan for temloyees of te County of Vctora exas

Fsal Annual Perenae

1/31/06

eny aeevel perenaeof payrol, osed1 5SAF; 1-yr soohedvaueES; Fund value

800%53%

35%00%

NeYear ndn Penson of APC PensonDeeer 3 Cos APC Conrued Oiaion

005 $1948,643 100% $006 ,049,854 100%00 ,308,89 100%

Scedue of Fundn Proress for te Retrement Planfor te mloyees of te County of Vctora exas

AA as aAuaria Auara Auara nfunded Annual PerenaeVauaion Vaue of Arued AA Funded Covered of Covered

Dae Asses iai i AA AA Rao Paro Paroa) ) a) a) ) ((-a)/c)

1/31/04 $4198518 $ 51,9,495 $9318,9 8183% $ 1,09,859 56%1/31/05 45,109,40 54,63145 9,5,43 856% 1,15,35 538%

1/31/06 49,54,664 5,19411 649,4 8663% 1896,335 4034%

1 he annua overed payro is ased on he epoyee onruions reeived y TCDRS for he yeaendn wih he vauaion dae

44


61/179

NO 9: OH POS MPOYMN BNFS

n addn vdn ensn enefs, e Cuny rvdes s erees wh s emlymen eah aenefs In rder fr a Cuny emyee e elle f s enef, her ae mned w he yeas serve mus equa sevenyfve 75) hey mus ave aaned e ae f sxy 6) and wh eh 8) yearf seve, ey mus have weny ) me years f serve wh Va Cuny and an ree a anae w full enefs

The Cuny ays 5 f he remum s f eah reee under he ae f 65 vded hey wrked fVa Cuny fr weny ) mre years f e eree wked ess han weny ) yeas fr VCuny he Cuny w ay f he emum s. e Cuny als ays 1 f he remum s fdeendens wh may e vered under he rerees (under 65) healh nsuane an

he Cuny ays 5 f e remum s fr medal verae ny f eah reee ve e ae f 65 hCuny des n nrue e em um s fr deendens fr erees ve he ae f 5

Oher s emlymen enefs ae exensed and funded n a ayasyu- ass he Cuny enzee s f vdn ese enefs as a ayrll exenseexend ue n an eran fund w resndnevenue n e mlyee ea nsuane Fund Paymens f healh nsuane ae swn as an exense e mlyee ealh nsurane Fund Te s f rvdn ese enefs fr 5 and 5 erees and avemlyees f he yeas 7 and 6, esevey, s n seaaed Ta aymens he EmlyeHealh Insurane Fund y reees wee $1,96 n 7 and $1739 n 6.

NO 1 MPLOYS HALH INSANC FN D

Th e Cuny manans a selfnsuane nerna serve fund desned ay mrehensve ea enefnured y s aans. he fund assumes a rsk u $85 f lams er aran annuay; afehs a e nsurane y ays any ema nn lams f he remander f he year u $915, f ams aran Premums are aed e ndvdual funds ased n a redeemned s e emlyee andeenden . ese amuns are rerded as eran evenue n he nena serve fund and as eranexenduesexenses n he eseve funds. ny lams a ave een nued, u n ered, as

he alane shee dae ae swn as uren laes n he nernal seve fund and have een haed aan ean exense f a erd s amun was deemned y e Cunys heah an adm nsas f Deeme 31 , 7 he fund ad esmaed laes f usandn lams f $71,519 Tee wasdef unesred ne asses f $51 3 as f Deeme 31 7, a deease f $7,9 fm 6

ew s a enlan f ams aes rered n he mlyees ea nsuane und fr he yeaned:

Payae PayaeYea 1 1 Inured Pad 1/31

1998 $33,568 $17593 $ 18193 $75391999 7539 ,639,39 719839 193739 193739 ,83,65 193785 3395191 339519 ,617,6 11,85 758 758 1 , 56,81 3 1 91 3,5 378,7913 378791 1,635,9 1,7,13 7698 7,698 1,663,89 1,315,5 61,555 6155 1 ,58 1 1 1 ,951 ,61 17,5576 17,557 ,969,8 ,93,915 83,57 835 1,995,71 1,87,1 71 ,519

he ave sedue refes ny se ams f wh he Cuny was lae nfrman n ams ad e nsuane ae under he ensuane ly was n avalae Seed lams esul n fm nsurersks have n exeeded nsurane veae n any f he as hee fsal yeas

45


62/179

NOTE DEFERRED COMPENSATON PAN

Te Couny ofers ts eoyees a deferred oensaon an reaed in aodane w Inerna RevenuCode Seion 45 Te lan, avaable to a Couny eoyees eris te to defer a ortion of tei saar

uni fuue yeas Exet sefied iusanes e deferred oensation is not avaiabe to eoyeeunil erinaton, rereen, dea, o unfoeseeable eergeny

Durng 1998, e Couny tansfered an assets to an indeenden tust fo e exlusve benefi of aiians and ter benefares

NOTE RIS MANAGEMEN

e Couny is exosed to varous rss of oss reated o ors ef of daage o and desrution of asseteos and ossions injures o eoyees; and natura dsasters e County urased oeriainsurane o over isks assoiaed wt otenia lais in 00 Tere were no signifan redutions overage in te ast fisa year, and tere were no setleents exeedng insuane overage for ea of as ee fsa years

NOTE ONGTERM DEBT

A Canes n on-Te abiesonger abiiy ativity for te yea ended Deeber 31 , 00, was as foows

eginning ndng Due Witinaane Addiions Redions aane One Year

Govemeta actvtes

onds and ertifiates ayabeCerfates of obligaion $ 4,060000 $ $ 340,000 $ 30000 $ 350,000eneal obigation bonds 5005000 960000 4045000 100000

Tota bonds ayabe 9,065000 1 300000 65000 1 360,000

Caita eases ayabe 6368 446095 663499 064 900858Coensated absenes 986005 106666 1096899 95568 99365Arbitage earnings ayabe 386 386oal govenenta ativity

long-e liablites U68550 515 306465 104 3603Bs esstpe actvtes

ondsRevenue bonds $ 60000 $ $ 5000 $ 1 085,000 $ 80000

ess: s

Documents

2007 Victoria County CAFR