{Remember that prior Image to Text Note? Same here}
CITY OF LIVINGSTON
INDEPENDENT AUDITOR’S REPORT
AND
FINANCIAL, STATEMENTS
JUNE 30, 2011
TABLE OF CONTENTS
Page
INDEPENDENT AUDITOR’S REPORT…………………………………………..1
MANAGEMENT’S DISCUSSION AND ANALYSIS………………………………2-9
BASIC FINANCIAL STATEMENTS:
Government-Wide Financial Statements
Statement of Net Assets………………………………………………………..10
Statement of Activities and Changes in Net Assets…………………………….11
Fund Financial Statements
Balance Sheet – Governmental Funds…………………………………………..12
Reconciliation of Total Governmental Fund Balance to
Net Assets of Governmental Activities……………………………………….13
Statement of Revenue, Expenditures and Changes in
Fund Balance – Governmental Funds…………………………………………14
Reconciliation of Statement of Revenue, Expenditures
and Changes in Fund Balance of Governmental Funds
to the Statement of Activities and Changes in Net Assets…………………….15
Statement of Net Assets – Proprietary Funds…………………………………….16
Statement of Revenue, Expenses and Changes in Fund Net
Assets – Proprietary Funds……………………………….……………………17
Statement of Cash Flows – Proprietary Funds…………………………………..18
Notes to Financial Statements…………………………………………………19-40
TABLE OF CONTENTS (Continued)
Required Supplementary Information
Budgetary Comparison Schedule – General Fund 41
Budgetary Comparison Schedule – Community Redevelopment Fund 42
Budgetary Comparison Schedule – Capital Projects Fund 43
Budgetary Comparison Schedule – Maintenance Districts Fund 44
Supplemental Only Information
Combining Balance Sheet – Nonmajor Governmental Funds 45
Combining Statement of Revenue, Expenditures and
Changes in Fund Balance – Nonmajor Governmental Funds 46
Combining Balance Sheet-Nonmajor Special Revenue Funds 47
Combining Statement of Revenue, Expenditures and
Changes in Fund Balance – Nonmajor Special Revenue Funds 48
Combining Balance Sheet -Nonmajor Capital Projects Funds 49-50
Combining Statement of Revenue, Expenditures and
Changes in Fund Balance – Nonmajor Capital Projects Funds 51-52
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS
BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENTAUDITING STANDARDS 53-54
INDEPENDENT AUDITORS’ REPORT ON COMPLIANCE WITH
REQUIREMENTS THAT COULD HAVE A DIRECT AND MATERIAL
EFFECT ON EACH MAJOR PROGRAM AND ON INTERNAL CONTROL
OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-1 33 55-56
Schedule of Expenditures of Federal Awards 57
Schedule of Findings and Questioned Costs 58
Summary Schedule of Prior Audit Findings 59
