Va Van n Gor orde der, r, Wal er & C & Co. o., , In - - PowerPoint PPT Presentation

Va Van n Gor

• rde

der, r, Wal

alker er & C

& Co.

• .,

, In Inc.

Monday, December 3, 2018

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 “In our opinion, the financial

statements… present fairly, in all material respects, the financial position of the City of Edgewood…in conformity with accounting principles generally accepted in the United States

• f America.”

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 Internal Controls – There are no

significant deficiencies or material weaknesses in internal controls that we are required to report.

 Compliance – There are were no

instances found of violations of laws

• r non-compliance with regulations,

agreements or covenants.

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 No disagreements with management or difficulties in

performing the audit.

 No audit adjustments.  We made the material adjustment to recognize the

change in net pension liability, and the related deferred

• utflows and inflows. Standard annual adjustment.

 We made the material adjustment to recognize the OPEB

liability, and the related deferred outflows and inflows. This is a requirement of GASB 75 and will be a standard annual adjustment.

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$0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 2013 2014 2015 2016 2017 2018

Total Assets Total Liabilities Net Position

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$0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 2013 2014 2015 2016 2017 2018

Cash & Equivalents Investments

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$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 2014 2015 2016 2017 2018

General Fund

$0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 2013 2014 2015 2016 2017 2018

Current Liabilities Long Term Debt Deferred Inflow of Resources

Debt Pension

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$6,000,000 $7,000,000 $8,000,000 $9,000,000 $10,000,000 $11,000,000 $12,000,000 $13,000,000 $14,000,000 2013 2014 2015 2016 2017 2018

Total Revenues Total Expenditures

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$120,965 $666,821 $1,645,264 $419,131 $1,734,324 $2,167,112 $1,884,309 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000

Parks & Recreation Debt Service Fire Capital Outlay Police Public Works General Government

Total

• tal Expen

endit ditures ures $8,6 8,637,926 ,926

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$1,419,145 $1,512,522 $1,634,598 $1,768,888 $1,949,196 $1,884,309 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 2013 2014 2015 2016 2017 2018

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• 3.3%

$1,536,256 $1,518,211 $1,548,082 $1,568,965 $1,613,216 $1,734,324 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 2013 2014 2015 2016 2017 2018

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+7.5%

$946,715 $1,122,785 $1,211,516 $1,319,430 $1,389,737 $1,645,264 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 2013 2014 2015 2016 2017 2018

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+18.3%

$778,301 $906,830 $702,966 $1,827,597 $1,879,532 $2,167,112 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 2013 2014 2015 2016 2017 2018

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+15.3%

AUDITOR CONTACT INFORMATION John Chamberlin, CPA, MBA Partner / Audit Manager Van Gorder, Walker & Co., Inc. 3216 Dixie Highway Erlanger, KY 41018 859.431.0700 jchamberlin@vgwcpa.com

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