Va Van n Gor orde der, r, Wal er & C & Co. o., , In Inc. alker Monday, December 3, 2018 1
“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 of America.” 2
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 or non-compliance with regulations, agreements or covenants. 3
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 outflows 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. 4
$35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 2013 2014 2015 2016 2017 2018 Total Assets Total Liabilities Net Position 5
$8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 2013 2014 2015 2016 2017 2018 Cash & Equivalents Investments 6
$8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 2014 2015 2016 2017 2018 General Fund 7
$18,000,000 $16,000,000 $14,000,000 Pension $12,000,000 $10,000,000 $8,000,000 $6,000,000 Debt $4,000,000 $2,000,000 $0 2013 2014 2015 2016 2017 2018 Current Liabilities Long Term Debt Deferred Inflow of Resources 8
$14,000,000 $13,000,000 $12,000,000 $11,000,000 $10,000,000 $9,000,000 $8,000,000 $7,000,000 $6,000,000 2013 2014 2015 2016 2017 2018 Total Revenues Total Expenditures 9
Total otal Expen endit ditures ures $8,6 8,637,926 ,926 General Government $1,884,309 Public Works $2,167,112 Police $1,734,324 Capital Outlay $419,131 Fire $1,645,264 Debt Service $666,821 Parks & Recreation $120,965 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 10
-3.3% 2018 $1,884,309 2017 $1,949,196 2016 $1,768,888 2015 $1,634,598 2014 $1,512,522 2013 $1,419,145 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 11
+7.5% 2018 $1,734,324 2017 $1,613,216 2016 $1,568,965 $1,548,082 2015 2014 $1,518,211 2013 $1,536,256 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 12
+18.3% 2018 $1,645,264 2017 $1,389,737 2016 $1,319,430 $1,211,516 2015 2014 $1,122,785 2013 $946,715 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 13
+15.3% 2018 $2,167,112 2017 $1,879,532 2016 $1,827,597 $702,966 2015 2014 $906,830 $778,301 2013 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 14
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 15
Recommend
More recommend
