Embed Size (px)
DESCRIPTION
Town of Ponce Inlet, Florida. Financial Analysis Year Ended September 30, 2012. BM&C. Overview of AFR Contents. Introductory Section • Summary of Town Officials Financial Section •Auditors’ Report •Management’s Discussion and Analysis (MD&A) •Basic Financial Statements - PowerPoint PPT Presentation
Citation preview
Town of Ponce Inlet, Florida
Financial Analysis Year Ended September 30, 2012
BM&C
2
Overview of AFR Contents Introductory Section
• Summary of Town Officials Financial Section
• Auditors’ Report• Management’s Discussion and Analysis (MD&A)• Basic Financial Statements• RSI – OPEB disclosures• Combining (non-major funds) Statement• Budgetary Comparisons (non-major funds)
Compliance Section• “Yellow Book” GAGAS Report• Management Letter
BM&C
3
Independent Auditors’ Report• Unqualified Opinion (page 9)• Basic Financial Statements Inclusion
Net Position Net Activities Governmental Funds (Position and Results of
Operations) Major Funds Budgetary Comparisons Proprietary Funds (Net Position / Operations /
Cash Flows)• “In-relation to” sections covered by opinion
Combining Statements Budgetary Comparisons (non-major funds)
• Reference to GAGAS report inclusionBM&C
4
Balance Sheet Growth (000’s)
BM&C
2012 2011 Change Percent Assets: Cash and investments 3,889$ 5,189$ (1,300)$ -25.05% Restricted cash 62 53 9 16.98% Receivables/other assets 536 573 (37) -6.46% Fixed assets/utility plant (net) 14,911 15,071 (160) -1.06%Total assets 19,398$ 20,886$ (1,488)$ -7.12%Liabilities: Current liabilities 1,036$ 1,055$ (19)$ -1.80% Long-term debt 5,078 5,372 (294) -5.47%Total liabilities 6,114 6,427 (313) -4.87%Net Assets: Invested capital assets (net) 9,833 9,699 134 1.38% Restricted 109 193 (84) -43.52% Unrestricted 3,342 4,567 (1,225) -26.82%Total net assets 13,284$ 14,459$ (1,175)$ -8.13%
5
Governmental Fund Revenues
Property Taxes64%
Other Taxes11%
Charges for Services12%
Operating Grants2%
Capital Grants5%
Intergovernmental4%
Other Revenue2%
Revenues - By Source
BM&C
6
Governmental Fund Revenue
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
Revenue - By Year
20122011201020092008
BM&C
7
Governmental Fund Expenses
BM&C
Public Safety44%
General Government
37%
Physical Environment
6%
Transportation7%
Culture Recreation
3%
Interest3%
Expenses - By Function
8
Governmental Fund Expenses
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
Expenses - By Year
20122011201020092008
BM&C
9
Unreserved Fund Equity-General Fund
050
100150200250300350
Number of Days Fund Balance Meets TotalExpenditures
133
288 298 285 278
20122011201020092008
BM&C
10
Business Activities (000’s)
BM&C
2012 2011 Change Percent Operating revenues
Water Utility 1,143$ 1,074$ 69$ 6.42%Sewer Utility 914 918 (4) -0.44%Refuse Utility 170 166 4 2.41%
Total operating revenue 2,227 2,158 69 3.20%Operating expenses
Water Utility 1,311 1,271 40 3.15%Sewer Utility 895 900 (5) -0.56%Refuse Utility 144 141 3 2.13%
Total operating expenses 2,350 2,312 38 1.64%Changes in net position
Water Utility (159) (219) 60 -27.40%Sewer Utility (1) 1 (2) -200.00%Refuse Utility 3 8 (5) -62.50%
Changes in net position (157)$ (210)$ 53$ -25.24%
11
Ad Valorem Millage Rates (2012 Levy)
BM&C
0.00
5.00
10.00
15.00
20.00
25.00
2012 2011 2010 2009 2008
5.50
00
4.76
18
4.45
55
4.03
00
4.17
50
16.6
856
17.2
588
17.2
907
17.1
829
15.8
463
MillageRates
OtherPonce Inlet
The Tax Roll Years specified above were adopted in the Fall quarter of the year designated. Ad valorem tax revenues from each levy will be collected
in the subsequent fiscal year (e.g. the 2012 levy will be collected in FY 2013).
12
Comparable Millage Rates (2012 Levy)
BM&C
2.03.04.05.06.07.08.09.0
D.B.
Sho
res
Dayt
ona
Beac
h
Sout
hDa
yton
a
Ponc
e In
let
Port
Ora
nge
New
Sm
yrna
Beac
h
8.461908.03040
5.900005.50000
5.37200
4.05750
MillageRates
13
Total Just Value- $Millions (2012 Roll)
400
600
800
1,000
1,200
1,400
Just Value Taxable Value
810
651
792
645
864
690
967
763
1,311
991 20122011201020092008
BM&C
