Independent Auditor’s Report and Financial Statements June 30, 2011

{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

 

 

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