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COMPREHENSIVE ANNUAL FINANCIAL REPORT Columbia County, Georgia For Fiscal year ended June 30, 2003 Prepared by : Financial Services Leanne C . DeLoach, CPA Director of Financial Services ---PAGE BREAK--- COLUMBIA COUNTY, GEORGIA Annual Financial Report Year Ended June 30, 2003 Table of Contents INTRODUCTORY SECTION Letter of Transmittal 1 Principal Officials X Organizational Chart xi Certificate of Achievement for Excellence in Financial Reporting xn FINANCIAL SECTION Page REPORT- OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS 1-2 MANAGEMENT'S DISCUSSION AND ANALYSIS 4-16 BASIC FINANCIAL STATEMENTS Government-wide Financial Statements : Statement of Net Assets 21 Statement of Activities 22-23 Fund Financial Statements : Balance Sheet - Governmental Funds 26 Reconciliation of the Balance Sheet of the Governmental Funds to the Statement of Net Assets 27 Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds 28 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 29 Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - General Fund 30 Statement of Net Assets - Proprietary Funds 32-35 Statement of Revenues, Expenses and Changes in Fund Net Assets - Proprietary Funds 36-37 Statement of Cash Flows - Proprietary Funds 38-41 Statement of Fiduciary Net Assets - Fiduciary Funds 42 Statement of Changes in Fiduciary Net Assets - Fiduciary Funds 43 Notes to Financial Statements 45-75 ---PAGE BREAK--- COLUMBIA COUNTY, GEORGIA Annual Financial Report Year Ended June 30, 2003 Table of Contents (continued) FINANCIAL SECTION (Continued) : COMBINING AND INDIVIDUAL FUND STATEMENTS GENERAL FUND BY OBJECT Page Statement of Revenues, Expenditures and changes in Fund Balance - Budget and Actual 80-86 NONMAJOR GOVERNMENTAL FUNDS Combining Balance Sheet - Nonmajor Governmental Funds 88-89 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Nonmajor Governmental Funds 90-91 Combining Balance Sheet - Nonmajor Special Revenue Funds 92-95 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Special Revenue Funds 96-99 Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Nonmajor Special Revenue Funds Building Standards Fund 100 Federal Asset Sharing Fund 101 State Condemnation Fund 102 Street Lights Fund 103 Recreation Advisory Board 104 911 Fund 105 Jail Fund 106 Drug Abuse Treatment Fund 107 Supplemental Juvenile Services Fund 108 Community Center Operations Fund 109 Community Greenspace Fund 110 Hotel / Motel Fund 111 Library Board Fund 112 Clean and Beautiful Memorial Fund 113 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Debt Service Funds 114 INTERNAL SERVICE FUNDS Combining Statement of Net Assets - Internal Service Funds 116 Combining Statement of Revenues, Expenditures, and Changes in Fund Net Assets - Internal Service Funds 117 Combining Statement of Cash Flows - Internal Service Funds 118 AGENCY FUNDS Combining Statement of Changes in Fiduciary Assets and Liabilities - Agency Funds 120-121 ---PAGE BREAK--- COLUMBIA COUNTY, GEORGIA Annual Financial Report Year Ended June 30, 2003 Table of Contents (continued) STATISTICAL SECTION (UNAUDITED) : General Governmental' Expenditures by Function - Last Ten Fiscal Years 126 General Governmental Revenues by Source - Last Ten Fiscal Years 127 Property Tax Levies and Collections By Tax Year - Last Ten Years 128 Assessed and Estimated Actual Value of Property - Last Ten Years 129 Property Tax Rates - Direct and Overlapping Governments - Last Ten Years 130 Principal Taxpayers 132 Special Assessment Billings and Collections - Last Ten Fiscal Years 133 Computation of Legal Debt Margin . 134 Ratio of Net General Obligation Bonded Debt to Assessed Value and Net General Obligation Bonded Debt Per Capita - Last Ten Fiscal Years 135 Ratio of Annual Debt Service Expenditures for General Bonded 136 Debt to Total General Governmental Expenditures - Last Ten Fiscal Years Computation of Direct and Overlapping Bonded Debt - General Obligation Bonds 137 Revenue Bond Coverage - Water and Sewerage Department - Last Ten Fiscal Years 138 Demographic Statistics - Last Ten Years 139 Property Value, Construction and Bank Deposits - Last Ten Years 140 Miscellaneous Statistics 141 Revenue Bonds Disclosure 142 General Obligation Bonds Disclosure 152 SINGLE AUDIT SECTION : Report of Independent Certified Public Accountants on Compliance and on Internal Control over Financial Reporting Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 155 Report of Independent Certified Public Accountants on Compliance with Requirements Applicable to each Major Program and Internal Control over Compliance in Accordance with OMB Circular A-133 157 Schedule of Expenditures of Federal Awards 159 Notes to the Schedule of Expenditures of Federal Awards 160 Schedule of Findings and Questioned Costs 161 FINANCIAL SECTION (Continued) : Page CAPITAL ASSETS USED IN THE OPERATION OF GOVERNMENTAL FUNDS Capital Assets Used in the Operation of Governmental Funds Comparative Schedules By Source 123 Capital Assets Used in the Operation of Governmental Funds Schedule By Function and Activity 124 Capital Assets Used in the Operation of Governmental Funds Schedule Of Changes By Function and Activity 125