FY14 Comprehensive Annual Financial Report - City of PrattvilleCITY OF PRATTVILLE, ALABAMA
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2OI4
COMPREHENSIVE ANNIJAL
FINANCIAL REPORT
Prepared by:
Department of Finance
Douglas C. Mosel.y, CGMA, CITP, CISA, CPA
Finance Director
TNTRODUCTORY SECTION
CITY OF PRATTVILLE, ALABAMA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 3O,2OI4
TABLE OF CONTENTS
PAGE
I. INTRODUCTORY SECTION
Table of contents
Letter of transmittal
List of principal officials
Organizational chart
Map of the City
II. FINANCIAL SECTION
Independent auditor's report I - 3
Management's discussion and analysis 4'l4
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BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements
Statement of net position
Statement of activities
Fund Financial Statements
Balance sheet - governmental funds
Reconciliation of balance sheet of governmental funds to statement of net position
l5
l6
t7
l8
Statement of revenues, expenditures, and changes in fund balances - governmental funds 19
Reconciliation of statement of revenues, expenditures, and changes in fund balances
of governmental funds to statement of activities 20
Statement of revenues, expenditures, and changes in fund balances - budget and actual
general fund 2l '24
Statement ofrevenues, expenditures, and changes in fund balances - budget and actual
capital projects fund 25
CITY OF PRATTVILLE, ALABAMA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 3O,2OI4
TABLE OF CONTENTS (Continued)
II. FINANCIAL SECTION (Continued)
PAGE
Statement ofrevenues, expenditures, and changes in fund balances - budget and actual
debt service fund
Statement of revenues, expenditures, and changes in fund balances - budget and actual
gas ta,\ special revenue fund
REQUIRBD SUPPLEMENTARY INFORMATION
Schedule of funding progress of the City's defined benefit pension plan
Statement ofrevenues, expenditures, and changes in fund balances - budget and actual
judicial special revenue fund 28
Statement of net position - proprietary funds 29
Statement of revenues, expenses, and changes in net position - proprietary funds 30
Statement of cash flows - proprietary funds 3l
Notes to Financial Statements 32 - 67
26
27
68
Schedule of funding progress of the City's post-employment benefits other than pensions 69
III. STATISTICAL SECTION
Financial Trends
Schedule 1 Net position by component 70
Schedule 2 Changes in net position 7l -'12
Schedule 3 Fund balances of govemmental funds 73
CITY OF PRATTVILLE. ALABAMA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,2014
TABLE OF CONTENTS (Continued)
III. STATISTICAL SECTION (Continued)
Schedule 4 Changes in fund balances of goverrrmental funds
Revenue Capacity
Schedule 5 Net taxable sales by category
Schedule 6 Sales tax revenue payers by category
Schedule 7 Direct and overlapping sales tax rates
Debt Capacity
Schedule 8 Ratios of outstanding debt by type
Schedule 9 Ratios of net general bonded debt outstanding
Schedule l0 Direct and overlapping governmental activities debt
Schedule I I Legal debt margin information
Demographic and Economic Information
Schedule 12 Demographic and economic statistics
Schedule 13 Principal employers
Operating Information
Schedule 14 Full-time equivalent city government employees by function
Schedule l5 Operating indicators by function/program
Schedule l6 Capital asset statistics by function/program
PAGE
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76 - 77
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February 23, 2015
The Citizens of
The City of Prattville
Prattville, Alabama
The Comprehensive Annual Financial Report (CAFR) of The City of Prattville (the government) for the
fiscal year ended September 30, 2014 is hereby transmitted. Responsibility for both the accuracy of
the data and the completeness and fairness of the presentation, including all disclosures, rests with
the City of Prattville management. To the best of our knowledge and belief, the enclosed data is
accurate in all material aspects and is reported in a manner designed to present fairly the financial
position and results of operations of the various funds of the government and its component units.
All disclosures necessary to enable the reader to gain an understanding of the government’s
financial activities have been included.
The Report
The financial section of the CAFR includes the management’s discussion and analysis (MD&A), the
basic financial statements for the primary government and its separately presented component
units, and the primary government’s combining and individual financial statements and schedules,
as well as the independent auditor’s report on the financial statements and schedules. The MD&A
contains a narrative introduction, overview, and analysis of the City’s financial statements. It should
be read in conjunction with this letter of transmittal.
This report includes all funds of the primary government and its component units. The primary
government provides a full range of services. These services include public safety, public works,
environmental services, culture and recreation, economic and community development, planning,
and general administrative services.
GASB Reporting Requirements
Each year, management evaluates new GASB reporting requirements to determine applicability to
the City. The requirements issued by GASB that became effective during this fiscal period and those
that will become effective in the next fiscal period are described in this document.
GASB Statement 65, establishes accounting and financial reporting standards that reclassifo, as
deferred outflows of resources or deferred inflows or resources, certain items that were previously
reported as assets and liabilities and recognizes, as outflows of resources or inflows of resources,
certain items that were previously reported as assets and liabilities
GASB Statement 70, requires a government that extends a nonexchange financial guarantee to
recognize a liability when qualitative factors and historical data, if any, indicate that it is more likely
than not that the government will be required to make a payment on the guarantee.
City Profile
The City of Pratwille is the County seat of Autauga County, was incorporated on August 8th 1865,
and is located in south central Alabama. lt serves a population of approximately 35,229. The City of
Prattville operates under a Mayor/Council form of government with a fiscal year from October 1"
through September 30th. the Mayor and seven (7) Council members are each elected to four (4)
year terms. City services include police and fire protection; sanitation services; sewer services; the
construction and maintenance of highways, streets, and infrastructure; recreational activities and
culturalevents.
Formal budgetary integration is employed as a management control device. On a day to be set by
the Council, the Mayor submits to the Council a balanced budget for the next fiscal year. The
Council schedules public hearings for the purpose of discussing and adopting the budget and may
add to or delete from the budget submitted by the Mayor as long as the budget remains in balance.
The Council, by a majority vote, shall adopt the budget. Activities of the General Fund, Debt Service
Fund, and Special Revenue Funds are included in the annual appropriated budget. The City also
maintains an encumbrance accounting system as one technique of accomplishing budgetary control.
Appropriations lapse at the end of the fiscal year unless expended or encumbered.
In order to prepare a financial report, it is necessary to identify all components of the reporting
entity. Potential component units were evaluated to determine whether they should be reported in
the City's financial report. A component unit was considered to be part of the City's reporting entity
if it was concluded that the City was financially accountable for the entity or the nature and
significance of the relationship between the City and the entity was such that exclusion would cause
the City's financial statements to be misleading or incomplete. The Autauga-Prattville Public Library,
Prattville Airport Authority, and Historical Prattville Redevelopment Authority were determined to
be the only reportable component units and have been included in this report.
Economic Condition and Outlook
The proximity of the state capital and Maxwell Gunter Air Force Base make significant contributions
to the local economy.
The City of Prattville maintains a contract for service with The Prattville Area Chamber of Commerce
to provide economic development services. The Prattville Area Chamber of Commerce is a
voluntary partnership of business and professional people working together to build a healthy
economy and to improve the community's quality of life. The Prattville Area Chamber of Commerce
has the responsibility to promote the economic wellbeing and to advocate for a positive business
environment.
Chamber members are businesses, organizations, and individuals concerned with the socio-
economic climate of the community.
The Chamber works to improve the community, observing these objectives:
to help businesses grow and prosper;
to increase job opportunities;
to encourage orderly expansion/development of all segments;
to contribute to the overall economic stability of the community;
to encourage and promote the nation's private enterprise system of competitive
marketing.
Financial Information
Management of the government is responsible for establishing and maintaining an internal control
structure designed to ensure that the assets of the government are protected from loss, theft, or
misuse and to ensure that adequate data is compiled to allow for the presentation of financial
statements in conformance with generally accepted accounting principles. The internal control
structure is designed to provide reasonable, but not absolute, assurance that these objectives are
met. The concept of reasonable assurance recognizes that: 1) the cost of a control should not
exceed the benefits likely to be derived; and 2) that valuation of costs and benefits requires
estimates and judgments by management.
Single Audit - As recipient of federal and state financial assistance, the government is also
responsible for ensuring that an adequate internal control structure is in place to ensure compliance
with applicable laws and regulations related to those programs. This internal control structure is
subject to periodic evaluation by management.
As part of the City's audit in accordance with generally accepted government auditing standards,
tests are made to determine the adequacy of the internal control structure, including that portion
related to federal assistance programs, as well as to determine that the government has complied
with applicable laws and regulations.
Budgeting - Budgetary tracking is maintained at the line item level by the encumbrance of actual or
estimated purchase amounts prior to the release of purchase orders to vendors. Accountability for
budgetary compliance is held at the department level. The objective of these budgetary controls is
to ensure compliance with legal provisions embodied in the annual appropriated budget approved
by the City's governing body. Purchase orders resulting in an overrun of a department balance are
released only after the approval of finance director or mayor.
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Budget amendments are effected by resolutions enacted by the governing body when needed.
Activities of the General Fund, Debt Service Fund, and Special Revenue Funds are included in the
budget. Encumbrances lapse at year-end; however, encumbrances remaining against a positive
department budget balance may be re-appropriated as a "prior year carryover."
The City's budget is prepared in accordance with generally accepted accounting principles (GAAP),
with the exception that capital outlays are budgeted within those departments. The financial
statements presented in the financial section of this report are presented in accordance with GAAP;
that is all capital outlays have been aggregated in a single line captioned "capitaloutlay."
Healthcare costs - With the healthcare costs continuing to increase, the City of Prattville opened the
primary healthcare clinic in 2011. This clinic provides City employees and their dependents with
those services that would be rendered by a family practice physician. The City hired CareHere, LLC
to manage all aspects of operations for these clinics.
General Fund Reserves - Management has, through council resolution, established a goal of
achieving a net ending fund balance in the General Fund that is equal to or greater than 15% of the
total expenditures and other financing uses.
Awards and Acknowledgements
During 2012 the City of Prattville won Coca-Cola's America's Favorite Park contest. The prize for the
contest was a 5100,000 grant to be used for a project within the park. During the 2013 Fiscal year
the city used the funds to construct a splash pad for all citizens to enjoy.
During 2013 the Alabama Policy Institute ranked Prattville number 6 out of 50 cities in their Overall
Business-Friendly Ranking. This was based on economic vitality, business tax burden, community
allure, and transportation infrastructure. Prattville was ranked #1 on community allure based on our
cost of living, per capita violent crime rate, high school graduation rate and SAT averaged reading
and math scores.
Two bronze medals were awarded to the City of Prattville for action taken to improve access to
healthy affordable food and increased opportunities for physical activity. These medals were
awarded because of Prattville's achievements in collaborating with other agencies on early care and
education programs and for also having at least 60/o of public schools participating in the School
Breakfast Program.
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Other lnformation
lndependent Audit - The government is required by State law to undergo an annual audit by
independent public accountants; to meet federal requirements of the Single Audit Act Amendments
of 1996, and the resultant issuance of OMB Circular No. 4-133 (Audits of States, Local Governments,
and Non-Profit Organizations); and the City's audit report must be signed by a certified public
accountant. The accounting firm of Jackson Thornton & Co. P.C. was selected through a competitive
proposal process. The audito/s report on the basic financial statements and the combining and
individual fund statements and schedules is included in the financial section of this report,
Information related to this Single Audit, including the schedule of federal financial assistance,
findings and recommendations, and audito/s reports on the internal control structure and
compliance with applicable laws and regulations, are generally meaningful only to oversight
agencies and therefore have not been included in this report. This information is contained in a
separate Single Audit report, which is available for review at the Finance Department in City Hall 101
West Main Street, Prattville, Alabama.
Acknowledgements - The preparation of the comprehensive annual financial report could not be
accomplished without the dedicated services of all City departments but in particular an efficient
Finance Department staff. We express appreciation to each member of these departments for their
contributions made in the preparation of this report.
Respectfully submitted,
Dougfas C. Moseley, Finance Director
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LIST OF PRTNCIPAL OFFICIALS
AS OF SEPTEMBER 30, 2OI4
Mayor
CITY COUNCIL
Willie Lee Wood, Jr., President
Albert Striplin, President Pro Tempore
Jerry Starnes
Clyde Chambliss
HEADS OF DEPARTMENTS
Municipal Court
City Attorney
City Prosecutor
City Clerk
Finance Director
Engineering
Public Works
Police
Fire
Parks and Recreation
Human Resources
Information Technology
Planning
Bill Gillespie, Jr.
Denise Brown
Ray Boles
Lora Lee Boone
Judge Louis C. Colley
David McDowell
Robert E. Riddle
Cathy Dickerson
Douglas C. Moseley
Robby Anderson
Randall Lucas
Chief Mark Thompson
Chief Terry Brown
Kellie Cook
Lisa Thrash
Douglas C. Moseley
Joel Duke
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Citizens of Prattville
City Judge
Information
Technology
Finance
Human
Resources
Benefits
Management
Judicial
Public Safety
Parks &
Recreation
Sanitation-
Enterprise Fund
Urban
Management
City Clerk
Authorities,
Boards &
Commissions
Wastewater-
Enterprise Fund
Performing
Arts
Engineering
Planning &
DevelRpment
Vehicle
Maintenance
Animal Control
Public Works
Mayor
City
Council
Payroll
Risk
Management
Accounting
Accounts
Payable
Prosecuting
Attorney
Executive
Department
Computer
Forensics
Drug
Enforcement
Investigations
School
Relations
Sex Offender
Registry
Special
Operations
Traffic Patrol
Building
Division
Codes &
Standards
EMS
Fire Marshal
Fire Suppression
Fire Training
Police
Fire
Recycling
Code
Enforcement
GIS
Policy or Judicial Authority
Department
Department Division
Legend:
City Attorney
Street Division
Business
Licenses
Revenue
General
Government
Performing
Creative
Arts &
Recreation
Adult Programs
& Sports
Park
Maintenanace
Senior Programs
Youth Programs
& Sports
Service Area
Engineering
Services
Facilities
Maintenance
Custodial
Services
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CITY OF PRATTVILLE, 2014
xi
FINANCIAL SECTION
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TNDEPENDENT AUDITOR'S REPORT
The Honorable Mayor and
Members ofthe City Council
City of Prattville, Alabama
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the business-
type activities, the discretely presented component units, each major fund of the City of Prattville,
Alabama (the City), as of and for the year ended September 30,2014, and the related notes to the
financial statements, which collectively comprise the City's basic financial statements as listed in the
table ofcontents.
Management's Responsibiliqv for the Firiancial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this
includes the design, implementation, and maintenance of internal control relevant to the preparation
and fair presentation of financial statements that are free from material misstatement" whether due to
fraud or enor.
Auditor' s Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We
conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States. Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the financial statements are
free from material misstatement. The financial statements of the Autauga Prattville Public Library
and the Historical Prattville Redevelopment Authority were not audited in accordance with
Government Auditing Standards.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
in the financial statements. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error. ln making those risk assessments, the auditor considers internal control relevant to the entity's
preparation and fair presentation ofthe financial statements in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also
includes evaluating the appropriateness of accounting policies used and the reasonableness of
significant accounting estimates made by management, as well as evaluating the overall presentation
of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our audit opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, the business-type activities, the discretely
presented component units, eaoh major fund of the City of Prattville, Alabama, as of September 30,
2014,and the respective changes in financial position and, where applicable, cash flows thereof and
the respective budgetary comparison for the General Fund, Capital Projects Fund, Debt Service Fund,
Gas Tax Special Revenue Fund, and the Judicial Special Revenue Fund for the year then ended in
accordance with accounting principles generally accepted in the United States of America.
Change in Accounting Principle
As described in Note 17 to the financial statements in 2014 the City adopted new accounting
guidance, GASB Statement No. 65, Items Previously Reported as Assets and Liabilities. Our opinion
is not modified with respect to that matter.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
management's discussion and analysis and the schedule of funding progress of the City's defined
benefit pension plan and post-employment benefits other that pensions on pages 4 through 14 and
pages 68 and 69 be presented to supplement the basic financial statements. Such information,
although not a required part of the basic financial statements, is required by the Governmental
Accotmting Standard Board, who considers it be an essential part of financial reporting for placing
the basic financial statements in an appropriate operational, economic, or historical context. We have
applied certain limited procedures to the required supplementary information in accordance with
auditing standards generally accepted in the United States of Americ4 which consisted of inquiries of
management about the methods of preparing the information and comparing the information for
consistency with management's responses to our inquiries, the basic financial statements, and other
knowledge we obtained during our audit of the basic financial statements. We do not express an
opinion or provide any assurance on the information because the limited procedures do not provide us
with sufficient evidence to express an opinion or provide any assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the City of Prattville, Alabama's basic financial statement. The introductory
section and statistical section are presented for the purposes of additional analysis and are not a
required part of the basic financial statements.
The inhoductory section and statistical schedules have not been subjected to the auditing procedures
applied in the audit of the basic financial statements and, accordingly, we do not express an opinion
or provide any assurance on them.
Other Reporting Required by Government Auditing Standards
In accordance with Governmental Auditing Standards, we have also issued our report dated
February 23,2015 on our consideration of the City of Prattville, Alabama's internal control over
financial reporting and on our tests of its compliance with certain provisions of laws, regulations,
confacts and grant agreementsn and other matters. The purpose of that report is to describe the scope
of our testing of internal control over financial reporting and compliance and the results of that testing
and not to provide an opinion on the internal control over financial reporting or on compliance. That
report is an integral part of an audit perfiormed in accordance with Govemnental Auditing Standards
in considering City of Prattville, Alabama's internal control over financial reporting and compliance.
{rrl,r*M4Co, Pc
Prattville, Alabama
February 23,2015
MANAGEMENT'S DISCUSSION AND ANALYSIS
As management of the City of Prattville, Alabama, we offer readers of the City's financial statements
this narative overview and analysis of the financial activities of the City for the fiscal year ended
September 30, 2014. This discussion and analysis is designed to look at the City's financial
performance as a whole. We encourage readers to consider the information presented here in
conjunction with the CiW's financial statements.
Financial Highlights
o The City of Prattville, Alabama's assets exceeded its liabilities at September 30,20l4,by
$21,141,997 (net position). Of the net position balance amount ($20,858,312)
(unreshicted net position) is the deficit balance of the City representing the indebtedness
incurred for incentive obligations including the purchase of development properly
supporting the significant retail development activities within the City which originated
in the fiscal years ended 2006 and 2008.
o Durtng the year, the City's total net position increased by $7,752,134, asrevenues of
$43,2L2,769 exceeded expenses of $35,460,635. The increase in revenue is due to the
increase in sales tax revenue and increase in charges for services. Expenses increased
slighfly due to employee raises and Capital Expenditures.
o Under the Government Accounting Standards Board Statement Number 45, Accounting
and Finmcial Reporting by Employeesfor Post-Retirement Benefits Aher thot Pensions
(GASB 45), the City recognired an expense of $367,925 in the cunent year to record
unfunded OPEB obligation.
o As of the close of the current fiscal year, the City's governmental funds reported
combined ending fund balances of $13,210,253. There was an increase of $4,986,350
from the prior year.
Overyiew of the Financial Statements
This discussion and analysis is intended to serve as an introduction to the City of Prattville,
Alabama's basic financial statements. The City's basic financial statements comprise of three
components: (l) government-wide financial statements, (2) fund financial statements, and (3) notes to
the financial statements. In addition to the basic financial statements, this report contains other
supplementary information that will enhance the reader's understanding of the fmancial condition of
the City of Prattville, Alabama.
Government-lVide X'inancial Statements
The government-wide financial statements are designed to provide readers with a broad overview of
the City of Prattville, Alabama's finances in a manner similar to a private-sector business. The basic
financial statements include two kinds of statements that present different views of the City, a
statement of net position and a statement of activities. These statements included the City's three
component units, the Autauga-Prattville Public Library (the Library), the Prattville Airport Authority
(the Authority), and the Historic Prattville Redevelopment Authority (I{PRA), which are separate
legal entities. Although legally separate, these component units are important because the City is
financially accountable for them. Complete financial statements of the Library and the Authority can
be obtained at their adminisfrative offices located in Prattville, Alabama.
The statement of net position presents information on all of the CrU's assets and liabilities, with the
difference between the two reported as net position. Over time, increases or decreases in net position
may serve as a useful indicator of whether the financial position of the City is improving or
deteriorating. The statement of activities presents information showing how the Crty's net position
changed during the most recent fiscal year. All changes in net position are reported as soon as the
underlying event giving rise to the change occurs, regardless of the timing of the related cash flows.
Thus, revenues and expenses ar€ reported in this statement for some items that will only result in cash
flows in future fiscal periods.
Both statements distinguish functions of the City of Prattville, Alabama that are principally supported
by sales taxes, property taxes, and gasoline taxes (govemmental activities) from other functions that
are intended to recover all or a significant portion of their costs through user fees and charges
(bwiness-t1tpe activities'). The governmental activities reported in the statements include general
government, public safety, public works, and culturaVrecreational. The business-type activities of the
City of Prattville, Alabama include the Sanitation and Wastewater departments.
X'und Financial Statements
The fund financial statements provide more detailed information about the City's most significant
activities. A fund is a grouping of related accounts that is used to maintain contol over resources that
have been segregated for specific activities or objectives. Like other state and local governments, the
City of Prattville, Alabama uses fund accounting to ensure and demonshate compliance with finance-
related legal matters. All of the funds of the City of Prattville, Alabama are govemmental funds
which account for the basic services of the government. Experienced readers of governmental
financial statements will find these financial statements most familiar.
Governmental funds - Governmental funds are used to account for those functions reported as
governmental activities in the government-wide financial statements. Most of the City's basic
services are accounted for in governmental funds. These funds focus on how assets can readily be
converted into cash flow in and ou! and what monies are left at year-end that will be available for
spending in the next year. Governmental funds are reported using an accounting method called
modified accrual accotmting, which provides a conservative short-term spending focus. As a result
the governmental fund financial statements give the reader a detailed short-term view that helps in
determining if there are more or less financial resources available to finance the City's programs. The
relationship between governmental activities in the government-wide financial statements and the
governmental funds financial statements is described in a reconciliation that is a part of the fund
financial statements.
The City maintains four individual governmental funds. Information is presented separately in the
govemmental fund balance sheet and in the governmental fund statement of revenues, expenditures,
and changes in fund balance of the major funds.
The City adopts an annual appropriated budget for its general fund, gas tax special revenue fund,
capital projects fund debt service fund, and judicial special revenue fund. A budgetary comparison
statement has been provided for these funds to demonstrate compliance with these budgets.
Proprietary funds - Services for which the City charges customers a fee are generally reported in
proprietary funds. The City of Prattville, Alabama maintains one type of proprietary fund.
Enterprise fwds are used to report the same functions presented as business-type activities in the
entity-wide financial statements. The City of Prattville, Alabama uses enterprise funds to account for
its Sanitation and Wastewater departrnents. Internal service funds are an accounting device used to
accumulate and allocate costs internally among the City's various functions. The City uses internal
funds to account for its employees' medical insurance. The internal service fund is presented, in total,
in the fund financial statements. Proprietary funds provide the same type of information as the
government-wide financial statements, only in more detail. The proprietary fund financial statements
provide separate information for the Sanitation and the Wastewater departments, which are
considered to be major funds of the City of Prattville, Alabama.
Notes to the X'inancial Statemenb
The notes provide additional information that is essential to a full understanding of the data provided
in the government-wide and fund financial statements. The notes to the basic financial statements
also include information regarding the City of Prattville, Alabama's progress in funding its obligation
to provide pension benefits to its employees. The notes are presented on pages 32 through 67 of this
report.
Government-Wide Financial Analysis
The City's condensed statement of net position as of September 30,2014 and20l3, derived from the
government-wide statement of net position is presented below.
GOVERNMENTAL
ACTIVITIES
BUSINESS-TYPE
ACTIVITIES
Current and other assets
Capital assets, net of depreciation
Restricted assets
Total assets
Deferred outflows
Total assets and
deferred outflows
Long-term liabilities outstanding
Other liabilities
Total liabilities
Net position:
Net investment in capital assets
Restricted
Unrestricted (deficit)
Total net position
36,578,653 36,021,544 4,402,643
I ,019,01 3 901 ,190
4,236,099 40,981 ,296 40,257,643
1,019,013 901,190
TOTALS
20t4 20t3 2014 2013 2014 20t3
$ 1s,071,256 $ 11,496,718 $ 3,690,576 $ 2,985,8% $ 1E,761,832 I 14,482,614
48,411,132 48,603,73s 7,097,763 7,322,3ffi 55,508,E95 55,926,095
1,329,510 476,003 1,329,510 476,003
64,811,898 60,576,456 10,788,339 10,308,256 75,600237 70,884,712
889,990 889,990
65,701,E88 60,576,4s6 10,7E8,339 10,3O8,2s6 76,490227 70,884,712
49372,412 s0,s72,0s7 2,880,037 3,294,831 s2,252A49 53,856,888
2,87t,964 2,332,645 223,817 2s8,2s0 3,09s,781 2,590,895
52,244,376 s2,904,702 3,103,854 3,553,081 ss,148230 56,4s7,783
(u,r40,rs4) (30,215,385) 3,28r,842 2,446,4rs Q0,8s8,312) Q7,768,970)
$ 13,4s7,s12 S 6,707,349 $ 7,684,485 S 6,682,s14 $ 21,141,997 $ 13,389,863
The largest component of the Crty's net position as of September 30, 2014 reflects its invesffient in
capital assets (i.e. land, buildings, furniture and equipment infrastucture, etc.); less any related
outstanding debt used to acquire those assets. The City uses these capital assets to provide services to
citizens; consequently, these assets are not available for future spending. Although the City's
invesfinent in its capital assets is reported net of related debl it should be noted that the resources
needed to repay this debt must be provided from other resources, since the capital assets themselves
cannot be used to liquidate these liabilities. The City's capital assets, net of accumulated
depreciation, at September 30,2014 decreased by $192,603 from the prior year primarily due to the
amount of current year depreciation being greater than the amount of current year additions.
As noted earlier in this discussion, changes in net position over time can be one of the best and most
useful indicators of the CrE's financial position. The City of Prattville, Alabama's total assets
exceeded liabilities by $21,141,997 .
The City's net position increased by $7,752,134 during the current fiscal year primarily due to
increasing revenues and overall continued contol over expenses. The City saw an increase in sales
tax revenues of$619,267 during the current fiscal year.
A portion of net position is resfricted, or has restrictions on how they may be used. Governmental
activities reshicted net position totaled $1,019,013 at September 30,2014 and is resticted for use in
public safety, capital projects, road projects, and judicial. The remaining balance of unrestricted net
position generally may be used to meet the City's ongoing obligations. The City, at September 30,
2014, reported a deficit balance in unresticted net position in governmental type activities of
($24,140,154). The large negative unresticted net position is the result of $41,010,000 in outstanding
general obligation warrants that were issued in the fiscal years ended September 30,2006 and 2008 to
finance economic development incentive obligations for retail development within the City. It is
anticipated the governmental revenues generated from the retail growth will provide the primary
source of revenue for repayment of this debt. Business-type activities reported unrestricted net assets
of $3,281,842 at September 30, 2014.
The following presents the City's condensed statement of activities for the fiscal years ended
September 30,2014 and 2013 as derived from the government-wide statement of activities. Over
time, increases and decreases in net assets measure whether the City's financial position is improving
or deteriorating. During the fiscal year, the net position of the primary government increased by
$7,752,L34. This increase is primarily due to an increase in general sales tax, use tar<, restaurant targ
lodging ta:q and rental tax; as well as continued conhol over expenses.
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF ACTIVITIES
GOVERNMENTAL
ACTIVITIES
BUSINESS.TYPE
ACTIVITIES
Revenues:
Program revenues:
Charges for services
Operating grants, capital grants,
and confributions
Total program revenues
General revenues:
Sales and use ta:res
Real and personal property ta:<es
Iodgng ta:<es
Local gasoline talres
Alcoholic beverage taxes
Rental ta:res
Tobacco taxes
Excise taxes
Invesfinent earnings
Miscellaneous revenue
Gain (loss on disposal of assets)
Total general revenues
Total revenues
Expenses:
General government
Public safety
Public works
Culture and recreation
Debt service
Sanitation
Wastewater
Total expenses
Increase in net position
before fransfers
Transfers
Increase in net position
Net position - beginning
Net position - ending
21,221,765 20,602,498
2,690,055 2,651,051
1,647,626 1,201,424
941,261 906,939
408,900 311,045
346,089 3l5,l9l
134,656 142,723
65,949 70,817
164,964 69,467
359,099 625,501
54,747
TOTALS
2014 20t3 20t4 20t3 20t4 20t3
$ 7,460,639 $ 7,396A27 $ 6,181,365 i 6299,512 | r3,642,W $ 13,6e5,939
1,48E,058 4,865,750 30,401 1y'8t,05E 4,896,151
8,948597 12262,177 6,181,365 6,329,913 15,130,62 18,592,090
5,055
42,541
21,221,765 20,602,498
2,690,055 2,651,051
1,647,626 1,201,424
941,261 906,939
408,900 311,045
346,089 315,191
134,656 142,723
65,949 70,817
164,964 69,46',1
3,449 364,154 628,949
91,288
28,035,1I I 26,896,656 47 ,596 3,448 28,082,707 26,900,104
36,983,80E 39,158,833 6228961 6,333,361 43,212,769 45,492,194
7,2s0279 6,649,800 7,250279 6,649,800
14,w4,661 l4,ll5,9ll 14,094,61 l4,ll59ll
5,180,698 3,703J6r 5,180,69E 3J03:t6l
1,980,775 1,830,376 1,9E0,775 1,830"376
r,727232 r97r901 r,727232 r97r9w
2,463,31s 2,230,497 2,63315 2230,4n
2,763,675 2,770,077 2,76357s 2,770p77
30,233,645 28,271,75s 5,2268n 5,000,5?4 3s,4fi,635 33272,129
6,750,163 10,887,078 1,001,971 1,332,787 7,752,134 12,219,865
(200,000) 200,000
-
6,750,163 10,687,078 1,001,971 1,532,787 7,752,134 12,219,865
6,707349 (3979,729) 6,682,sr4 s,r49,727 13,389,863 1,16e,998
] r3,4s7,st2 ] 6,707,349 $ 7,684,485 $ 6,682,514 g 21,141,997 3 13389,863
9
Expenses and Program Revenues for Governmental Activities
Governmental activities increased the City of Prattville, Alabama’s net position by $6,750,163 for
fiscal year 2014. The key elements of the increase in net position are the increases in revenue and the
decreases in expenses from the prior year as follows:
No donated infrastructure is included in total program revenues which decreased from
donated infrastructure in the prior year by $3,396,290.
Sales tax revenue increased by $1,215,609 compared to the prior year amount of
$23,550,637.
Public works expenses increased by $1,476,937 due to salary increases and capital
expenditures.
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
16,000,000
General
government
Public safety Public works Culture and
recreation
Interest on
long-term debt
Expenses and Program Revenue -
Governmental Activity
2014 Expenses
2014 Revenues
2013 Expenses
2013 Revenues
10
Program and General Revenues for Governmental Activities
20%
57%
7%
5%3%
1%
1%
0%
0%
4%
1%
1%
0%
Revenues By Source - Governmental Activities - FYE 2014
Charges for servicesSales and use taxesProperty taxesLodging taxesLocal gasoline taxesAlcoholic beverage taxesRental taxesTobacco taxesExcise taxesGrants and contributionsMiscellaneousInvestment earningsGain on disposal of assets
19%
53%
7%
3%
2%1%
1%
0%0%
12%2%
0%
Revenues By Source - Governmental Activities - FYE 2013
Charges for services
Sales taxes
Real and personal property taxes
Lodging taxes
Local gasoline taxes
Alcoholic beverage taxes
Rental taxes
Tobacco taxes
Excise taxes
11
Expenses and Program Revenues for Business-Type Activities
Business-type activities increased the City of Prattville, Alabama’s net position by $1,001,971. Key
elements of this change in net position are as follows:
• Capital grants and donations for the Wastewater fund decreased by $30,401.
• Wastewater expenses remained consistent with prior year. Wastewater revenue was
slightly lower compared with prior year partially due to lower sewer impact fee revenue.
• Sanitation expenses increased $232,818 due primarily to increases in cost of sales
expenses and increased operating expenses.
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
Sanitation Wastewater
Expenses and Program Revenue - Business-Type Activity
2014 Expenses
2014 Revenues
Financial Analysis of the City’s Funds
As noted earlier, the City of Prattville, Alabama uses fund accounting to ensure and demonstrate
compliance with finance-related legal requirements.
Governmental funds - The focus of the City’s governmental funds is to provide information on near-
term inflows, outflows, and balances of expendable resources. Governmental fund types include
general, debt service, capital projects, and special revenue funds. Such information is useful in
assessing the City’s financing requirements. Specifically, unassigned fund balance can be a useful
measure of a government’s net resources available for spending at the end of the fiscal year. The
general fund is the chief operating fund of the City of Prattville, Alabama.
As of September 30, 2014, governmental funds reported a combined ending fund balance of
$13,210,253, an increase of $4,986,350 in comparison with the prior year balance. Of this balance
$117,003 is not available for new spending because it is a prepaid item; $1,019,020 is restricted for
public safety, road projects, capital improvements, and judicial; $5,160,875 is committed to debt
service and capital projects; and $1,270,344 is assigned for industrial park improvements, fire
training, debt service, and other purposes.
The fund balance of the general fund increased $4,350,576 during the current fiscal year after other
financing sources including fund nansfers. Total revenue increased $699,305 as compared to the
prior year primarily due to an increase in sales tax revenue. There was a decrease in net fransfers out
of $1,802,165 primarily due to catching up on Group Health Fund funding in prior year.
The fund balance of the capital projects fund increased $1,039,460 during the current fiscal year after
other financing sources including fund nansfers primarily due to budgeted projects being held up and
not completed.
The fund balance of the debt service fund decreased $203,620 during the current fiscal year after
other financing sources including transfers. This decrease in fund balance is the result of an interest
payment in the amount of $203,619 for the 20I3A GO Refunding Warrants that was tansferred to the
debt service fund but was not paid until after the prior fiscal year end.
The fund balance of the gas tax special revenue fund decreased $246,181 during the current fiscal
year after other financing sources including tansfers. This decrease in fund balance was the result of
paving projects that occurred during the fiscal year.
The judicial special revenue fund was established this year and closed the year with a positive fund
balance of $46,115 due to the new budgetary perspective and oversight over these transactions.
Proprietary funds - The City of Prattville, Alabama's proprietary funds provide the same type of
information found in the government-wide financial statements, but in more detail. Unrestricted net
position of the proprietary funds at the end of the year amounted to $3,281,842. Tllre Sanitation fund
had an overall operating income of $247,050 and Wastewater fund had an overall operating income
of $1,245,212.
Internal service funds - Internal service funds are designed to recover the internal costs of government
services provided to other funds groups. At September 30, 2014, the internal service fund reported a
surplus of $907,687 for its net position balance. For 2014, the Enterprise funds funded the exact
allocation of costs.
Capital Assets and Long-Term Debt Administration
Capital assets - The City of Prattville, Alabama's inveshnent in capital assets for its governmental and
business-type activities as of September30,2014 was $55,508,895 (net of accumulated depreciation).
This investnent in capital assets includes land, ffiastrrcfure, buildings, improvements, construction
in progress, vehicles, and machinery and equipment.
Major capital asset additions during the year include:
Purchase of equipment of $71 1,5 13.
Purchase of vehicles of $488,257.
Purchase of land of $327,532.
Purchase of land improvements of $240,956.
T2
CITY OF PRATTVILLEO ALABAMA
CAPITAL ASSETS
GOVERNMENTAL BUSINESS-TYPE
ACTIVITIES ACTIVITIES TOTAL
Land $
Constnrction in progress
Buildings and building improvements
Land improvements
Vehicles
Office, nonoffice, and computer equipment
Infrastructure
2,649,938 $
779,845
5,164,67 |
5,189,208
4,866,188
5,521,925
45,125,739
1,257,A19
73,988
5,889,762
3,221,430
1,693,576
1,809,807
$ 3,906,957
853,833
I I,054 ,433
8,410,638
6,559,764
7,331,732
45,125,739
Total 69,297,514 $ 13,945,582 $83,243,096
Additional information on the CrE's capital assets can be found in Note 4 on page 43 of this report.
Long-term debt - As of September 30,2014, the governmental activities had total debt outstanding of
$49,372,412 and the business-type activities had a total debt outstanding of $2,880,037.
Outstanding debt:
Warrants and other notes payable
Post-retirement benefits other than pensions
Compensated absences
Total $ 52,252,449
The City of Prattville, Alabama's total debt outstanding decreased by $1,614,439 during the current
fiscal year. This decrease was the result of payments made in accordance with regularly scheduled
maturity dates. Additional information on the City's debt can be found in Note 6 of the financial
statements.
The City issued $9,955,000 of general obligation refunding bonds to advance refund the Series 2007
general obligation warrants.
Budgetary llighlights for the fiscal year ending September 3012014
Budget to actual statements and schedules are provided in the financial statements for the general
fund and gas tax special revenue firnd. Columns are provided for both the original adopted budget as
well as the final budget. These budgets are followed by columns for actual expenditures and for
variances between the final budget and actual expenditures.
$ 48,668,869
2,358,350
1,225,230
13
As of September 30, 2014, actual operating revenues for the general fund were more than the
budgeted amount by $2,256,499, or 6.81%. The primary reasons forthe variance ane as follows:
Grant income was $572,204 more than budgeted due to budgeting conshuction projects
as net cos! therefore the grant reimbursement was not budgeted in revenue.
Sales tanes were $758,652 more than budgeted due to increased sales primarily as a result
of an overall improvement in economic conditions.
As of September 30, 2014, actual operating expenditures for the general fund were less than the
budgeted amount by $1,005,123, or 4.3I%.
Economic Factors and Year 2015 Budget
Economic conditions for the City of Prattville, Alabama remain stable in the current environment.
o The City relies on taxes, fees, fines, and charges for services to fund their governmental
activities. The primary source of revenue is sales taxes, which comprised approximately
57Vo of general fund revenues in fiscal year 2014. In the current economic climate, the
City has instituted a temporary increase to the Crty's sales tax rate to be used to service
the City's debt and to build reserves.
The unemployment rate for Autauga County, where the City of Prattville, Alabama is
located, is currently 5.4Yo,which is a slight decrease compared to ttre prior year. The
unemployment rate for the City of Prattville, Alabama is 4.7Yo. The unemployment rate
compares favorably to the state's current unemployment rate of 6.6Yo and is higher than
the national average rate of 5.9o/o.
The level of taxes, fees, and charges for services have a direct bearing on the City's
ability to (a) annex additional land into its corporate limits and (b) encourage
development (office, retail, residential, and industrial) to choose to be located in the
jurisdiction. The City places emphasis on encouraging both annexation and economic
development.
Requests for Information
This financial report is designed to provide our citizens, taxpayers, customers and investors, and
creditors with a general overview of the City of Prattville, Alabama's finances and to demonsfate the
Crty's accountability. Questions concerning any of the information provided in this report or requests
for additional financial inforrnation should be addressed to the CiE Clerlq 101 West Main Street,
Prattville, Alabama 3 6067 .
l4
BASIC FINANCIAL STATEMENTS
THIS PAGE INTENTIONALLY LEFT BLANK
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF NET POSITION
SEPTEMBER 30, 2OI4
PRIMARY GOVERNMENT COMPONENT UMTS
AUTAUGA-HISTORICAL
GOVERNMENTAL BUSINESS.TYPE
PRATTVILLE PRATTVILLE PRATTVILLE
PUBLIC AIRPORT REDEVELOPMENT
ACTIVITIES ACTIVITIES TOTAL LIBRARY AUTHORITY AUTHORITY
ASSETS:
Cash and cash equivalents
Internal balances
Toces receivable
Accounts receivable, net
Prepaid items
Resticted assets:
Cash and cash equivalents
Capital assets, not depreciated
Total assets
DEFERRED OUTFLOWS:
Deferred loss on refirnding
LI.ABILITIES:
Accounts payable
Accrued liabilities
Accrued interest
Unearned revenues
Other liabilities
Long-term liabilities :
Portion due or payable in one year:
Creneral obligation warrants payable,
capital leases, and other
long-term debt
Compensated absences
Portion due or payable after one year:
General obligation warrants payable,
capital leases, and other
long-term debt
Compensated absences
DEFERRED INFLOWS:
Nonexchange transactions
NET POSITION:
Net investment in capital assets
Resfricted for:
Law enforcement
Road projects
Capital projects
Elmore Cotrnty district improvements
Cultural and recreational
Judicial
Unrestricted (deficit)
466,716
589,139
487,440
4,420,000 1,627,993 6,047,993
197,030 88,608 285,638
41,553,749 1,067,127 42,620,876
843,283 96,309 939,592
61,498
211,394
452,304
237,931
12,340
43,546
466,716 14,816
589,138
48,300
487,440
1,329,510 L,329,510
3,429,783 1,331,007 4,760,790
Capitsl ssb, net of mmulated dcprcciation jr29l;]g_ 5,766,756 50,748,105 53,420 5,949,5U2 226,510
$ 1t,965,787 $ 3,529,868 $ 15,495,655 $ 264,217 $ 342,914 $ 72,574
432,808 (432,808)
2,234,629 2,234,629
321,029 572,618 893,647 2,778 31,535 165,002
117,003 20,898 137,901
55,812
2,686,646 183,500
64,811,898 10,788,339 75,600,237 320,415 _ 9,066,409 647,58,6
1,328,670 223,817 1,552,487 4,400 111,954
889,990 889,990
Total defmd oudlow 889,990 889,990 _
Total ssets md
defered ou{low 65,?0I,EEE lO,?88,339 76A90,227 320,415 9,066,&9 e7,586
26,348 154,227
514,369
Post-€mploymmtbflefits 2,358,350 2,358,350 _
Total liabilitics 52,U4,376 3,103,854__!::33@ 6?,516 653,305 154,227
ll,l27
Total liabilitics rd
defered inflow 52,244,376 3,103,854 55,34d.230 7E,e3 653,3os 154,227
36,578,653 4,402,643 40,981,296 53,420 8,002,239 255,783
61,498
211,394
452,304
237,931
12,340
43,546(24,140,154\ 3,281,842 (20,858,312) 188,352 410,865 237,576
Tot lnetDosition $ 13.457.512 S 7.684.485 S 21.141.997 S 241,772 S 8,413,104 $ 493,359
The accompanytng notes are an integral part of these financial statements.
t5
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF ACTTVTIIES
FOR TI{E YEAR ENDED SEPTEMBER 30, 2OI4
NET (EXPENSE) REVENLJE AIID CHANGES rN NET ASSETS
PROGRAMREVENUE PRIMARY GOVERNMENT COMFONENT I.JNITSAUTAUGA. HISTORICAL
FINES, FEES, OPERATING PRATTVILI,E PRATTVILLB PRATTVILLE
ANDCHARGES EANTSAND CAPITALGRANTSAND @VERNMENTAL BUSINES9TYPE PTJBLIC ATR.FORT REDEVEIJOPMENT
E'CENSES FORSERVICES CONTRIBLIIIONS CONTRIB(MONS ACTIVTIIES AqTIVITIES I1OTAL LIBRARY AUTflORITY AUruORITY
ACTTVTIIES:
Primary govemment:
Govemmental activities :
General govemment
Public safety
Public wonls
Culturd and recreational
Bus iness-type activities :
Sanitation
Wastewater
$ 7,250,279 $ 5,499,15614,094,661 1,709,921 $ 71,025 $
5,180,698
1,980,775 251,562
2,463,315 2,452,098
2,763,675 3,729,267
$ (1,751,123)60,000 (12,253,715)r,357,033 (3,823,665)
(1,729,213)
$ (1,751,123)
(12,253,715)
(3,823,665)
(1,729,213\
Total busirrcss-b/pe activities 5,226,W 6,181,365
Total primary sovernm€nt _$_-llrjggg- _I_!,913J91_ $ ?1,025 j
Compment units:
fr Autauga-Pratwille Public Library $ 615,518 $ 34,484 $ 82,759O\ Prattville Airport Audrority 461,831 115,983 $
Historical Prattville Redevelopment Audrority 97,326 6t,734
Total component unie _$JJ-74f75_ _$___2t9291_ $ E2,759 _q
(t,727,2321 (1,727,232\
r,4r7,033 (212U,9481 (21,284,948) _
$ (ll,2l7) (ll,2l7)
965,592 965,592954,375 954,375
l tT _ (21,284,948) 954,375 (20,330,573)
$ (498,275)
452,788 $ 106,940
$ (28,592)
452,78E (498,275) 106,940 (28,592)
Interest on long-term debt 1,727,232
Total govemmental activities 30,233,&5 7,460,639 71,025
Creneral revenue:
Sales and use tal(6
Real and penural propertytaxes
Iodging axes
I-ocal gasoline taxes
Alcoholic beverage taxes
Rental tarces
Tobacco hxes
Excbe tores
Investnrent eamings
Miscellanous revenue
Unrestictd appropricior from City/County
Gain (lcs) on dispcal of asserc
Total general re\€nues and tansfers
CHANGE IN NET POSMON
CI.JMI.JLATIVE EFFECT OF CHAI{GE IN
AC COI.JNTING PRINCIPLE
21,221,765
2,6W,055
1,647,626
941,261
408,900
346,0E9
134,656
65,949
l6/.,9&
21,221,765
2,690,055
l,&'7,626
g4l,26l
40E,900
346,099
134,656
65,949t64,964 326
NET FGimON - BEGTNNNq AS ORGINALLY STATED 7,671,754 6,755,175 14,426,vt9 294,721 tJ06,164 397,651
359,099 5,055 3&,154
205
124,W5445,00054,747 42,541 97,28E
29,035,1I I 47,596 28,082,707 M5,326 124,300
6,750,163 1,001,971 7,752,134 (52,9491 106,940 95,708
(964,405) (72,66t\ (1"037.066)
t{ET FOSrflON - BEGINNING, AS RESTATED 6,707,349 6,662,514 13,389,863 294,711 8,306.164 397.651
The accompanyng rmtes are an integral part of these finarrcial statements.
NET POSMON - ENDING $ 13.457,5t2 $ 7,6U,485 $ 21,14t,997 $ 241,772 $ 8,413,104 $ 493,359::--::
CITY OF PRATTVILLE, ALABAMA
BALANCE SHEET
GOVERNMENTAL FUNDS
SEPTEMBER 30,2A|4
GAS TAX JUDICIAL
CAPITAL DEBT SPECIAL SPECIAL
PROJECTS SERVICE REVENUE REVENUE
GENER+L FUNDS FL{NDS. - FUNq FqNP
$ 9,685,440 $ 1,079,578
ASSETS:
Cash and cash equivalents
Receivables:
Taxes receivable
Accounts receivable, net
Due from other funds
Prepaid items
Restricted assets:
Cash and cash equivalents
Total assets
LIABILITIES AND FUND BALANCES:
Liabilities:
Accounts payable
Accrued liabilities
Other liabilities
Due to other funds
Total liabilities
Fund balances.
Nonspendable:
Prepaid items
Restricted for:
Law enforcement
Road projects
Capital projects
Elmore County district improvements
Cultural and recreational
Debt service
Judicial
Committed to:
Debt service
Capital projects
Assigned to:
Industrial Park Improvement fund
Fire training
Capital projects
Capital equipment reserve
Other purposes
Unassigned
Total fund balances
Total liabilities and fund balances
2,234,629
216,471
542,521
114,704
24,581 $ 75,568 $ 4,409
2,299
TOTAL
GOVERNMENTAL
FUNDS
$ | 0,765,01 8
2,234,629
321,029
542,521
l 17,003
I 17,003
61,498
211,394
452,304
237,931
12,340
7
43,546
4,855,104
305,771
694,291
26,387
93,782
140,595
315,289
348,192 415,881 $ !.5,71? 279,803 ,269r?17 1,3?9,510
.r3,!4r,es? _u2q,040__{_J-s,1r?__{J:13?.!_ _$ n9,eL $ =, lJf0e,ll?
$ 927,341 $ 10,315 $ 15,710 $ 37,033 $ 45,189 $ 1,035,588
458,464 8,252 466,716
326,303 | 6l ,l 37 487 ,440
rorr r5rro##
114,704
61,498
36,423 41 5,88 I
237,931
12,340
4,855,104
305,771
694,291
26,387
93,782
140,595
301,856
2,299
2l | ,394
43,546
13,f63 270
5,643,01J
--€-
5,613'0lln,4nw I@ , J n4,ss:-. Jg,tts Pato,213
$ rl,l4.l,e%_$.-u20,919_ $. ls,?r?__uq:g!_ _s ?9,f21 ;$=. ,, ll,3ge,?19,
The accompanying notes are an integral part of these frnancial statements.
l7
CITY OF PRATTVILLE. ALABAMA
RECONCILIATION OF BALANCE SHEET OF
GOVERNMENTAL FTJNDS TO STATEMENT OF NET POSITION
SEPTEMBER 30,2OI4
Difrcrcnces in arnounts reported for govcmmcntal activities in the statem€nt ofnet position on page 15.
Total fund balances - govemmental funds
Capital assets used in govemmental activities arc not financial resourocs and, thereforc, are not
reported in the govemmcntal funds. Those assets consist of:
Land
Constuction in progrcss
Land improvements, net of $4,865,280 accumulated depreciation
Buildings and building improvements, nct of $1,297,618 accumulated
depreciation
Offtce, nonoffice, and computer equipment net of$3,301,350 accumulated
depreciation
Vehicles, net of $3,513,836 accumulated depreciation
Infrastucture,netof$7,908,288accumulateddepreciation i
$ 2,649,938
779,845
323,928
3,867,053
2,224,565
1,352,352
37,217,451
$ 13,210,253
48,41 I ,132
947,687
(49,pZl,s69)
$ 13,457 ,512
Total capital assets
Intemal scrvicc funds are used by management to charge the costs of employce medical insurance to
individual funds. The assets and liabilities of the intemal service fund are included in govemmcntal
activities in the statement of net position.
Long-tcrm liabilitics, including general obligation warrants payable and capital leases, arc not due
and payable in the cuncnt period and, therefore, are not reported in the govemmental funds.
Balanccs at September 30, 2014 were:
Accrued int€rest on bonds 589,138
General obligation wanants and other notes payable 45,715,423
Defened loss on advance refunding (889,990)
Unamortized debt issuance discounts (81,449)
Unamortized debt issuancc prcmiums 339,775
Compcnsated absences 1,040,313
Post-employment benefit plans other than pen5ions 2,358,350
Total long-term liabilities
Total net position of govemmental activities
The accompanying notes are an integral part of these financial statements.
l8
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2OI4
GAS TAX JUDICIAL
CAPITAL DEBT SPECIAL SPECIAL
PROJECT SERVICE REVENUE REVENUE
GENERAL FUNDS FUNDS FUND FUND
TOTAL
GOVERNMENTAL
FUNDS
REVENUES:
Taxes
Licenses and permits
Intergovernmental revenues
Charges and fees for services
Fines and forfeitures
Interest
Miscellaneous revenues
Total revenues
EXPENDITURES:
Current:
General government
Public works
Public safety
Cultural and recreational
Capital outlay
Debt service:
Principal payments
Interest and fiscal charges
Bond issue costs
Total expenditures
OTHER FINANCING SOURCES (USES):
Insurance proceeds
Transfers in
Transfers out
Issuance of refunding warrants
Payment to refunded bonds escrow agent
Bond premium
Total other financing sources (uses)
NET CHANGE IN FUND BALANCE
FLIND BALANCE . BEGINNING
FUND BALANCE. ENDING
s 27,171,103 $ 285,198
5,499,156677,104 290,068
1,392,556
84,262
5,493,993
3,406,573
11,731,292
1,565,707
1,709,945
131,830
7,944
162,770 1,284 $ 3 193 164,250
316,979 5 356,984
35,343,930 576,555 3 491p,9 530,452 36,912,019
58,334 497,568 4,348,932 49,587
(7,004,404) (l) (13,559)
9,955,000
(10,067,843)
$ 27,456,301
5,499,156
$ 460,886 1,428,058
1,392,556
$ 530,452 614,714
2,941,830
1,750,499
58,334
4,896,087
(46,500) (7,064,464)
9,955,000
(10,067,843)
206,625
437,837 5,931,830
34,662 7 43,288 4,184,523
11,731,292
1,565,707
1,709,945
2,810,000
1,742,555
24s47284 34soffiW Nw#
Excess of revenue over (under) expenditures 11.,296,646 541 ,893 -(4,64q,334)(282,209)92,615 7,002,611
206,625
-
(6,946,070) 497,567 __4?442,714 36,028 (46,500) (2,016,261)
4,350,576 1,039,460 (203,620) (246,181) 46,1l5 4,986,350
7,079,273 470,265 203,627 470,738 8,223,903
_$J,4 2:,,849_ _[-1, 5 09,? 2 5_$ 7 $ 224,557 $ 46,115 $ 13,210,253
The accompanying notes are an integral part of these financial statements.
t9
CITY OF PRATTVILLE. ALABAMA
RECONCILIATION OF STATEMENT OF REVENUES. E)GENDITURES,
AND CHANGES INFI.JND BALANCES OF GOVERNMENTAL FUNDS
TO STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED SEPTEMBER 30, 2OI4
Differences in amounts reported for governmental activities in the statement of activities on page 16.
Net change in fund balance - total governmental funds $ 4,986,350
Capital outlay, reported as expenditures in govemmental funds, is shown as capital assets
in the statement of net position. 1,819,192
Donations ofcapital assets increasc net position in the statement ofnet position but do not
appear in the governmental funds because they arc not furancial resourges. 60'000
Depreciation expense on govemmental capital assets included in the govemmental activities
in the statement of activities. Q,070,323)
The net effect offansactions involving the sale ofcapital assets is to decrease net assets
in the statement of net position. Q,472)
Revenues are reported in the funds when there is an established claim to the resources and the
resources are available to finance cunent cxpendifures. Revenues are reported in the
statemcnt of activities when there is an established claim with no availability criterion. (45,787)
Loan proceeds provide current furancial resources to the governmental funds and thus conbibute
to the change in fund balance. However, issuing debt increases long-term
liabilities in the statement of net position:
Retundingbondproceeds $ (9,955,000)
Payment to escrow agent for refunding 10,067,843
112,843
The rbpaymcnt ofthe principal oflong-term debt consumes the cunent financial resources of
governmentat funds, but has no effect on net position. Also, governmental funds report the
effect of premiums, discounts, and similar iterns when debt is first issue4
whereas these amounts are defened and amortized in the statement of activities.
2,941,830
(206,625\
23,268
31,881
(367,925\
(3t2,77 6)
(53,683)
(s3,683)
Intemal service funds are used by management to charge the costs of employce
medical insurance to individual funds. The net income (expense) of certain activities of
internal service funds is reported with governmental activities. (479'386)
Change in net position of governmental activities -$-9J50're1-
The accompanying notes are an integral part ofthese financial statements.
General obligation warrants payable
Bond issue premium
Some expenses reported in the statement of activities do not require the use of cunent
financial resources and, therefore, are not reported as expenditures in governmental funds:
Accrued interest payable
Compensated absences
Post-employment benefit plans other than pensions
Governmental funds report the effect of premiums, discounts and defened loss on
refunding, whereas these amounts are deferred and amortized in the
statement of activities:
Amortization
2,735,205
20
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
GENERAL FUND
FOR THE YEAR ENDED SEPTEMBER 3O,2OI4
BUDGETED AMOUNTS
ORIGINAL FINAL
$ 20,414,000 $ 20,414,000
ACTUAL AMOUNTS VARIANCE WITH
BUDGETARY FINAL BUDGET.
BASIS _POSITIVE Nqq4ilvE)
REVENUES:
Taxes:
Sales taxes
Real and personal property taxes
Lodging taxes
Local gasoline taxes
Tobacco taxes
Whiskey taxes
Beer taxes
Wine taxes
ABC sales taxes
Rental taxes
Excise taxes
Total taxes
Licenses and permits:
Business licenses
Franchise fees
Building permits and
inspection fees
Yard sale and special event permits
Zoning and plat fees
Total licenses and permits
Charges and fees for services:
Ambulance fees
30,090 303000 .2I,870,500 25,870,500
4,572,500 4,572,5A0
515,000 515,000
231,500 231,500
4,350 4,350
2,552,000
I ,l 85,000
890,000
145,000
53,000
225,000
l5,000
42,500
319,000
70,000-
2,552,000
I ,l 85,000
990,000
145,000
53,000
225,000
15,000
42,500
319,000
21,172,652
2,690,055
1,362,428
941,261
134,656
49,798
349,419
9,683
49,1l3
346,089
65,949
758,652
138,055
177,428
5 I ,261
( t 0,344)
(3,202)
124,419
(5,317)
6,61 3
27,089
35,949
27 ,l7l , 103 1.300.603
70.000
4,701,075
518,268
2l1,513
7,420
128,57 5
3,268
( 19,887)
3,070
(9,220)60.780
5,393,350. 5,393,350
1,080,000 1,080,000
5,499,1 56 10s.806
1,140,994
251,562
60,994
14,907Recreation rentals 236,655 236,655
Total charges and fees for servir.r G f-ll{;ig!
The accompanying notes are an integral part of these financial statements.
1,392,556 75"901
(Continued)
2l
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
GENERAL FUND
FOR THE YEAR ENDED SEPTEMBER 3O.2OI4
BUDGETED AMOUNTS
ACTUAL AMOUNTS
BUDGETARY
BASISORIGINAL FINAL
VARI,ANCE WITH
FINAL BUDGET -
POS
REVENUES: (continued)
Fines and forfeitures:
Drug confiscation proceeds
Penalties
Total fines and forfeitures
Intergovernmental revenue :
Grant income
Investment income:
Interest
Miscellaneous revenues :
Accident reports
County commission - RTJ
Donations
L"ambert properly tower
Miscellaneous income
Parades
Performing and creative arts
Sale of surplus equipment
Sex offender registation fee
Swimming pool concessions
Total miscellaneous revenues
Total revenues
55,621
$ 15,000 $ 15,000 28.64r
15,000 15,000 84,262
50,000
50,000
r04.900 677 104
104.900 677 104
t62-770
162.770
55,621
13.641
6e262
572,204
572,204
t4l 770
t4l 770
9,000
50,000
75,000
18,060
47,899
3,500
18,700
48,000
600
9,000
50,000
75,000
18,060
136,97 |
3,500
18,700
48,000
600
9,132
50,000
76,205
19,410
107,650
3,735
26,223
56,220
832
356,979
132
1,205
1,350
(29,321)
235
7,523
8,22A
232
1,3726,200 6,200 7,572
276,959 366,031
32,943,4& 33,087,436
(9,052)
35.343.930 2,256,494
(Continued)
The accompanying notes are an integral part of these financial statements.
22
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FI,JND BALANCES
BUDGET AND ACTUAL
GENERAL FI.JND
FOR THE YEAR ENDED SEPTEMBER 30, 2OI4
BUDGETED AMOI.JNTS
ACTUAL AMOTJNTS VARIANCE WITH
BUDGETARY FINAL BUDGET.
ORIGINAL FINAL BASIS POSTTIVE (NEGATIVE)
EXPENDITURES:
General government:
Executive
Legislative
Administrative finance
Administrative city clerk
Human resources
Information technol ogy
Vehicle maintenance
Sales ta:r incentives
Building
City/County services
Community initiatives
Appropriations
Total general government
Public works:
Planning and development
Urban management
Engineering
Facility maintenance
Total public works
Public safety:
Police
Fire
Total public safety
Cultural and recreation :
Parks and recreation
Performing and creative art
Total cultural and recreation
Capital outlay
Debt service:
Principal
Interest
Total debt service
Total expenditures
Excess of revenuss over expenditures
1,022,664 1,022,664
246,500
165,247
541,322
186,948
269,799
382,065
970,000
68,507
360,000
726,334
$ 246,500
165,247
558,699
186,948
269,799
382,065
970,000
68,507
423,510
728,834
247,601
134,549
634,162
174,396
235,279
1,047 ,824
345,901
946,737
40,797
436,843
738,370
( l,l0l )
30,698
(75,463)
12,552
34,520
(25,160)
36,164
23,263
27 ,7l0
(13,333)
(9,536)
s40.000 s40.000 s40.000
5,479,386 5,562,773 5,522,459 . . 40,311
1,127 ,575
I ,354,71 5
1,201,427
243,700
3,927,417
1,152,575
1,354,715
1,260,127
1,254,468
1,215,464
974,234
( l0l ,893)
139,251
285,893
2!3,700 _ 149,5154,0,11,117, 3,5.?3,681
94. I 85
4t7.436
1,7 57 ,976 1,757 ,976 I ,557,303
6,233,282 6,207,264
_ 5,794,061 5,794?A6l
1,2,027 J43 12,001,325 ,
1,600,625 1,600,625157,351 I 57,351
972,768 1,428,960
156,805 156,805
__9,257 -,p,25'l_165.L062 ,161'962
_ 24,329,??2 24,?27,213,
8,61 3,5 12 8,160,223
5,944,146
5J96255- ,-, ,. (2,194\
r I .740.401 260.924
1,433,357 167,268
123.946 33.405
2A4,673
640-424 (?t.t\494)
l3l,830 24,975
3137,944
139.774 25,28p
t94.M2 733
ll 149.888 2.989.665
(Continued)
263,1 l 8
t7r
The accompanying notes are an integral part of these financial statements.
23
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
GENERAL FUND
FOR THE YEAR ENDED SEPTEMBER 3O,2OI4
BUDGETED AMOUNTS
ACTUAL AMOUNTS
BUDGETARY
BASISORIGINAL FINAL
VARIANCE WITH
FINAL BUDGET.
POSITIVE (NEGATTVE\
OTHER FINANCING SOURCES (USES):
Insurance proceeds
Transfers to debt service fund
Transfers to internal service fund
Transfers to capital improvement fund
Transfers to gas tax fund
Total other financing uses
Net change in fund balance,
budgetary basis
$ (2,106,350) $ (2,1 I 2,014)
58,334
(4,348,930)
(2,121,877)
(484,01 0)(4,000) (4,000\ (49,581)
(2,1 I 0,350) (2,1 16,014) (6,946,070\
58,334
(4,348,930)
(9,963)
(484,010)
4,203,918 $ =(1,840,39D
146,7 58
t46.7 58
s 6,503,162 $ 6,044,209
Adjustment for reconciling items to adjust from
budgetary basis to modified accrual basis:
Change in encumbrances
NET CHANGE IN FUND BALANCE, MODIFIED ACCRUAL BASIS
FUND BALANCE - BEGINNING
FUND BALANCE. ENDING
The accompanying notes are an integral part of these financial statements.
4,350,576
7 ,079,273
I I ,429,849
(4,830,058)
24
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FTJND BALANCES
BUDGETANDACTUAL
CAPITAL PROJECTS FUND FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2OI4
ACTUAL AMOUNTS VARIANCE
BUDGETED AMOUNTS BUDGETARY WITH
ORIGINAL FINAL BASIS BUDGET
REVENUES:
Lodging taxes
Intergovernm ental revenues
Interest income
Miscellaneous income
Total revenues
EXPENDITURES:
Current operations:
Public works
Total expenditures
EXCESS OF REVENUES OVER EXPENDITURES
OTHER FINANCING SOURCES (USES):
Transfers in
Transfers out
Total other financing sources
EXCESS OF REVENUES AND OTHER
FINANCING USES OVER EXPENDITURES
FUND BALANCE AT BEGTNNING OF YEAR
FUND BALANCE AT END OF YEAR
400,000 .400,q00
300,9_00 J00,,900300,000 300,000
100,000 l00,000
576.555 176,255,.
_ 2q5,338 -265,338
34.662
34,662
54 I ,893 441,893
497,568 497 ,568_ Q -_ (r)
$ 250,000
150,000
$ 250,000
150,000
285, I 98
290,068
1,284
5
$ 35,1 98
140,068
1,284
5
$ 939,460
--
497,567 497,567
$ 100,000 $ 100,000
-
1,039,460
.479,?6s
$ 1,5a9,725
The accompanying notes are an integral part of these financial statements.
25
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF REVENUES. EXPENDITURES. AND CHANGES IN FI.]ND BALANCES
BUDGETANDACTUAL
DEBT SERVICE RIND
FOR TIIE YEAR ENDED SEPTEMBER 3O,2OI4
BUDGETED AMOI.JNTS
ACTUAL AMOI"INTS VARIANCE
BUDGETARY WITH
BASIS BUDGETORIGINAL FINAL
REVENUES:
Interest income
Total revenues
EXPENDITURES:
Debt service:
Principal payments
Interest payments
Bond issue costs
Total expenditures
EXCESS OF EXPENDITURES OVER REVENUES
OTHER FINANCING SOURCES (USES):
Transfers in
Issuance of refunding warrants
Payment to refunded bonds escrow agent
Bond premium
Total other financing sources
EXCESS OF EXPENDITURES AND OTHER
FINANCING USES OVER REVENUES
FI.JND BALANCE AT BEGINNING OF YEAR
FI.JND BALANCE AT END OF YEAR
$ 2,815,000 $ 2,815,000
1,7 4t,730 1,7 41,730
3$
2,810,000
1,7 42,555
93,782
5,000
(825)
__ _ (93,782)
(89,607)4,646,3374,556,730 4,556,739
(4,556,730) (4,556,730)(4,646,334) (89,604)
4,348,932 4,348,932
9,955,000 9,955,000
(t0,067,843) (10,067,843)
206,625 206,625
$ (4?556,710) $ (4,556,730)
4,44?,714 4,44L714
Qa3,6?a), s 1;li,l l0
203.627
The accompanying notes are an integral part of these financial statements.
26
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF REVENUES. EXPENDITI.JRES. AND CHANGES IN FUND BALANCES
BUDGETANDACTUAL
GAS TAX SPECIAL REVENUE FIJND
FOR THE YEAR ENDED SEPTEMBER 30, 2OI4
ACTUAL AMOUNTS VARIANCE
BUDGETED AMOUNTS BUDGETARY WITH
ORIGINAL FINAL BASIS BUDGET
REVENUES:
State gasoline and lubricating oil excise tarc
Grant income
Interest income
Total revenues
EXPENDITURES:
Current operations:
Public works
Total expenditures
EXCESS OF EXPENDITURES OVER REVENUES
OTHER FINANCING SOURCES (USES):
Transfers in
Transfers out
Total other financing sources
EXCESS OF EXPENDITURES AND OTHER
FINANCING USES OVER R€VENUES.
BUDGETARY BASIS
Deduct other reconciling items to adjust from
budgetary basis to modified accrual basis:
Change in encumbrances
$ 249,500 $ 249,500 $
249,J00 249,500
664,157_ 714,157
664j1,57 7 !4'l5l
(414,657) (464,657)
461,079
259,850
201,036
193
$ 10,350
201 ,036
r93
_- 211,17?
(42,294)
ytz?294)
7 56,451
7 56,451
(295,372) 169,285
49,587 49,587
(11,559) , (13,559)
36,028 36,028
$ (414,657) s (464,657)(259,344) $ 205,3,13
1 3.1 63
1 3.1 63
(246,1 I I )
470.738
224,557
NET CHANGE TN FUND BALANCE. MODIFIED ACCRUAL BASIS
FUND BALANCE AT BEGINNING OF YEAR
FUND BALANCE AT END OF YEAR
The accompanying notes are an integral part of these financial statements.
27
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FI.JND BALANCES
BUDGETANDACTUAL
ruDICIAL SPECIAL REVENUE FIJND
FOR THE YEAR ENDED SEPTEMBER 3O,2OI4
REVENUES:
Fines and forfeitures
Total revenues
EXPENDITURES:
Current operations:
Public works
Total expenditures
ACTUAL AMOUNTS VARIANCE
BUDGETED AMOUNTS BUDGETARY WITH
ORIGINAL FINAL BASIS BUDGET
$ 544,700 $ 544,700 $ 530,452 $ (14:24,8)
544,700 544,700 53A,452 . (1.!J,48)
501,3 13 501,3 13 43!J !L 63,206
501,3 13 501,3 13 438,107 63,206
92,345 48,958EXCESS OF REVENUES OVER EXPENDITURES 43,387 43,387
OTHER FINANCING SOURCES (USES):
Transfers in
Transfers out
Total other financing uses
EXCESS OF REVENUES AND OTHER
FINANCING USES OVER EXPENDITURES
BUDGETARY BASIS
Deduct other reconciling items to adjust from
budgetary basis to modified accrual basis:
Change in encumbrances
4,000 4,000 (4,000)
146,500) (46,:00) -- (46,5q0)
(42,100) (42,500) _ . -. (46?500\ (4,000)
$ 887 $ 887
--
45,845 $ 44,958
270
270
46,115
$ 46,115
NET CHANGE IN FUND BALANCE. MODIFIED ACCRUAL BASIS
FUND BALANCE AT BEGINNING OF YEAR
FUND BALANCE AT END OF YEAR
The accompanying notes are an integral part of these financial statements.
28
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
SEPTEMBER 3O,2OI4
BUSINESS-TYPE ACTIVITIES .
ENTERPRISE FUNDS
GOVERNMENTAL
ACTIVITIES.
INTERNAL
SANITATION WASTEWATER TOTAL SERVICE FTJNDS
ASSETS:
Current assets:
Cash and cash equivalents $ 730,584 $ 2,799,284 $ 3,529,868 S 1,200,769
226,557 346,061 572,618
11,952 8,946 20,898
969,093 3,154,291 4,123,384 l,2AA,7 69
Noncunent assets:
Capital assets, not being deprecialad 338,654 992,353 1,331,007
Capital assets, net of accumulated
depreciation 429,530 5,337,226 5,766,756
Total noncurrent assets . 7,63,18{ 6,??9,579 , 7,0?71763
Accounts receivables, net
Prepaid items
Total current assets
Total assets
LIABILITIES:
Current liabilities:
1,737,277 9,483,870 llplln_ 1,2aa,769
320,879 lll,929 432,808
1,627,993 1,627,993
1,a67,127 1,067,12728,267 68,042 98,109
485,346 3,051,3 16 3,536,662 2%,q82
768,184 3,634,459 4,402,643
483,747 2,798,095 3,281,842 907,687
Accounts payable and apcrued liabilities 108,344 115,473 223,817 293,0E2
Due to other funds
Cunent portion of long-term alebt
Compensated absences 27 ,856 60,7 52 88,608
Total current liabilities 457,079 1,916,147 2,373,226 293,0E2
Noncurrent liabilities :
Long-term debt
Compensated absences
Total liabilities
NET POSITION:
Net investment in capital assets
Unrestricted
Total noncurent liabilities 28,267 1,135,169 I,163,436
Totalnetposition _$_1,25.t21!_ _!_9An,554_. 7,684,485 _{_29?,68?
Net position of business-type activities
The accompanying notes are an integral part of these financial statements.
29
$ 7,684,485
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF REVENUES. EXPENSES. AND CHANGES IN NET POSITION
PROPRIETARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 3O,2OI4
BUSINESS.TYPE ACTIVITIES -
ENTERPRISE FUNDS
GOVERNMENTAL
ACTIVITIES -
TNTERNAL
SANITATION WASTEWATER TOTAL SERVICE FUNDS
OPERATING REVENUES:
Charges for goods and services
Total operating revenues
OPERATING EXPENSES:
Cost of sales and services
Salaries and benefits
Repairs and maintenance
utilities
Insurance
Other
Depreciation
Benefits paid
Total operating expenses
OPERATTNG TNCOME (LOSS)
NONOPERATING REVENUES (EXPENSES) :
Gain on sale of capital assets
Interest income
Interest expense
Total nonoperating revenues (expenses)
Net income before transfers
TRANSFERS IN
TRANSFERS OUT
CHANGE TN NET POSITION
TOTAL NET POSITION . BEGINNING,
AS ORGINALLY STATED
CUMULATIVE EFFECT OF CHANGE
IN ACCOUNTING PRINCIPLE
TOTAL NET POSITION . BEGINNING.
AS RESTATED
TOTAL NET POSITION . ENDING
$ 2,452,098 $3,729,267 63 I,352
2,452,098 3,729,267 631,352
384,936
3,349,042
2,205,048 2,484,055 4,689,103 3,733,978
247,050 - 1,245,2!2 1,49%262 (32102,62p\
642,163
1,138,7 49
190,028
4,285
62,022
32,165
145,636
312,643
1,202,622
84,582
380,4 l9
53,425
l4,l2l
436,243
$ 6,l8,l,365
_. 6,181,?65_
954,806
2,341,37 |
264,610
384,744
115,447
46,286
-
581,879
14,625
305
3,713
1,248,218
27,916
4,7 50
42,541
5,055
_ . (te}) _ (83,s4s) .. . (8;,73J)14,738 (:0,819) (16114l )
261,788 1,194,333 1,456,121
(25.8,075) _ (l e6p7s) (4sJ,l:0)
713
(3, l0 I ,91 3)
2,622,527
998,258 1,001 ,97 I (479,386)
1,387,073
1,387,073
7t3
5,506,957
(72,661\
1,248,218 5,434,296
$ 1,251,931 $ 6,432,554
-
@
Change in net position of business-type activities
The accompanying notes are an integral part of these financial statements.
30
$ 1,001,97 |
--
907.687
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2OI4
CASH FLOWS FROM (USED FOR) OPERATTNG ACTTVITTES:
Receipts from customers
Receipts from interfund services provided
Payments to suppliers
Payments to employees
Net cash from (used for) operating activities
CASH FLOWS FROM (USED rOR)
NONCAPITAL FINANCING ACTIVITIES :
Transfers to other funds
Transfers from other funds
CASH FLOWS FROM (USED FOR)
CAPITAL AND RELATED FINANCING ACTIVITIES:
Acquisition and construction of capital assets
Sale of capital assets
Principal paid on long-term debt
CASH AND CASH EQI.NVALENTS, END OF YEAR
RECONCTLTATTON OF OPERATTNG TNCOME (LOSS) TO NET
CASH FROM (USED FOR) OPERATING ACTIVITIES:
Operating income (loss)
Adjustments to reconcile operating income
to net cash provided by operations:
Depreciation expense
Decrease in assets:
Accounts receivable
Prepaid expenses
Increase (decrease) in liabilities:
Accounts payable and accrued liabilities
Net cash from (used for) operating activities
The accompanying notes are an integral part of these financial statements.
BUSINESS-TYPE ACTIVITIES .
ENTERPRISE FIJNDS
GOVERNMENTAL
ACTIVITIES.
TNTERNAL
SANITATION WASTEWATER TOTAL SERVICE FUNDS
$ 2,428,191 $ 3,677 3A7 $ 6,105,498
$ 631,352
(910,184) (897,896) (1,808,080) (3,776,577)
(1,133,452) (1,208,069I (2,341,54\
384,55J 1,571,342 1,955,897 (3,135,?25)
(258,075) (196,075) (454,150)
2,622,527
(87,743\ (269,539) (357,282)
14,625 27,916 42,541
(409,98 t ) (409,981)
q. ,. ?30,1s1 $ , 2#%281= _q_-1,52e,899_ .$, = 1,?00,?6?
$ 247,050 $ t,245,212 $ 1,492,262 $ (3J42,676)
145,636 436,243 581,879
(23,906) (51,960) (75,866)
(2,365) (1,198) (3,563)
l8,l4o (16,955) _ (38,81l) (42,59e)
$ 384,555 $ 1,571,342 $ 1,955,897 $ (3,145,?25)
Net oash payments ftom (to) other tunds 78,745 I 16,609 195,354 (15397)
Net oash fiom (used for) noncapital fnancing activities (l?9,330) (79,466\ (258,796\ 2,607,030
Interest paid on long-term debt (192) (83,973) (84,165)
Net oash used for capial and related finanoing activities (?3,3 l0) (735,577) (E08,887)
CASH FLOWS FROM INVESTING ACTIVITIES:
Interest rcceived 305 4,750 5,055
Net cash from investing activities 301 _ 4,759 51055
NET TNCREASE (DECREASE) IN CASH AND CASH EQLMLENTS 132,220 761,049 893,269 (s37,482)
cAsH AND CASH EQT,IVALENTS, BECINNING OF YEAR 59E,364 2,038,235 2,636,599 1,73E,251
7t3
713
3l
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30.2OI4
NOTE I . SUMMARY OF SIGNIFICANT ACCOI.]NTING POLICIES:
Reporting entity - The City of Prattville, Alabama (the City) was incorporated under the laws of the
State of Alabama in 1865 and operates under a Mayor-Council form of government. The Mayor is
elected at large and all seven council members are elected by dishicts for concurrent terms of four
years. As required by accounting principles generally accepted in the United States of America, the
financial statements of the reporting entity include those of the City of Prattville, Alabama (the
primary government) and its component units. The component units discussed below are included in
the City's reporting entity because of the significance of its operational or financial relationship with
the City. Each discretely presented component unit is reported in a separate column in the
government-wide financial statements to emphasize that it is legally separate from the City.
The component unit's column in the combined financial statements includes the financial data of the
Autauga-Prattville Public Library (the Library), the Prattville Airport Authority (the Authorrty), and
the Historic Prattville Redevelopment Authority (I{PRA), which are determined to be component
units of the City.
The Library operates for the benefit of the City and Autauga County residents. The City annually
provides significant operating subsidies to the Library and appoints its goveming body. Based on
these criteriq the Library is included as a component unit of the City for the year ended
September 30, 2014. The Library operates on a fiscal year ending September 30. Financial
statements of the Library can be obtained at its administrative ofTice located in Prattville, Alabama.
The Prattville Airport Authority was established for the purpose of acquiring, operating,
constructing, and developing airport and industrial facilities. The City appoints the governing body
and became obligated under a federal grant initiated by the Authority in September 2000. Based on
this criteria, the Authority is included as a component unit of the City for the year ended
September 30,2014. The Authority also operates on a fiscal year ending September 30. Financial
statements of the Authorrty can be obtained at its administrative office located in Prattville, Alabama.
The Historic Prattville Redevelopment Authority (HPRA) was formed to promote trade and
commerce by inducing commercial enterprises to upgrade, improve, modernize, and expand existing
facilities and to locate new facilities to the central business district of Prattville. The City annually
provides operating subsidies to the IIPRA and appoints its governing body. Based on this criteria,
the HPRA is included as a component unit of the City for the year ended September 30, 2014.
Financial statements of HPRA can be obtained from the City's finance department in Prattville,
Alabama.
The City's officials are also responsible for appointing the members of the boards of other
organizations, but the City's accountability for these organizations does not extend beyond making
the appointments. These organizations would not be considered component units of the City;
therefore, their financial information is not reflected in the City's financial statements.
32
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCI,AL STATEMENTS
SEPTEMBER 30. 2014
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (continued)
Government-wide and fund financial statements - The basic financial statements consist of the
government-wide financial statements and fund financial statements. Both sets of statements
distinguish between governmental and business-type activities. Government-wide financial
statements are comprised of the statement of net position and the statement of activities. The effects
of interfund activity have been removed from these statements. Governmental activities, which
normally are supported by taxes, intergovernmental revenues, and other nonexchange transactions,
are reported separately from business-type activities, which rely to a significant extent on fees and
charges for support.
The statement of activities demonstrates the degree to which the direct expenses of the Crty's
governmental activities are offset by the City's program revenues. Direct expenses are those that are
clearly identifiable with a specific program or function. Program revenues are classified into three
categories: (1) fines, fees, and charges, (2) operating grants and contributions, and (3) capital grants
and contributions. Charges for services refer to direct recovery from customers for services
rendered. Grants and contributions refer to revenues restricted for specific programs whose use may
be restricted further to operational or capital items. The general revenues section displays revenue
collected that helps support all functions of government and contribute to the change in the net
position for the fiscal year.
The fund financial statements follow and report additional and detailed information about operations
for major funds individually and nonmajor funds in the aggregate for governmental funds. A
reconciliation is provided that converts the results of governmental fund accounting to the
government-wide presentations.
The City reports the following major governmental funds:
Generol fund - This is the City's primary operating fund. It accounts for all financial
resources of the general government, except those required to be accounted for in another
fund.
Capital projects funds - Capital projects funds are used to account for financial resources
used for the acquisition or construction of major capital facilities.
Debt service fund - The debt service fund is used to account for the resources accumulated
and payments made for principal and interest on general long-term debt.
Gas tm special revenue fmd - The gas tax special revenue fund is used to account for
proceeds from a state gasoline tax. The use of these funds is restricted to expenditures
related to construction, improvements, resurfacing, restoration, and rehabilitation of
highways, roads, bridges, and streets.
Judicial special revenue fund - T\ejudicial special revenue fund is used to account for all
fines and forfeitures as a result of municipal court operations. The use of these funds is
restricted and used for the operation of the municipal court and jail.
33
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30.2OI4
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (continued)
The City reports the following major proprietary funds:
Sanitation -. The fund accounts for the revenues and costs related to the provision of
sanitation services in the City.
Wastewater - The fund accounts for the revenues and costs related to the provision of
sanitary sewer and wastewater treatment services in the City.
Additionally, the City reports the following fund type:
Internal service fund - The fund accounts for the operations of the self-insured medical
insurance plan provided to funds of the City on a cost reimbursement basis.
Measurement focus. basis of accounting. and financial statement presentation - Government-wide
financial statements - The government-wide financial statements are reported using the economic
resources measurement focus and the accrual basis of accounting. Revenues are recorded when
earned and expenses are recorded when a liability is incurred, regardless of when the related cash
flows take place. Nonexchange transactions, in which the City gives (or receives) value without
directly receiving (or giving) equal value in exchange, include property taxes, grants, entitlements,
and donations. On an accrual basis, revenue from properly taxes is recognized in the fiscal year for
which the taxes are levied. Grants and similar items are recognized as revenue in the fiscal year in
which all eligibility requirements imposed by the provider have been met.
Governmental find financial statements - The governmental fund financial statements are reported
using the current financial resources measurement focus and the modified accrual basis of
accounting. Revenues are recognized as soon as they are both measurable and available. Revenues
are considered to be available when they are collectible within 90 days after year-end. Sales ta)tes,
gasoline taxes, grants, donations, and interest revenue are all considered to be susceptible to accrual.
Unearned revenue arises when assets are recognized before revenue recognition criteria have been
satisfied. All other revenue items are considered to be measurable and available only when cash is
received by the City.
Expenditures generally are recorded when a liability is incurred, as under accrual accounting.
However, debt service expenditures, as well as expenditures related to compensated absences and
claims and judgements, are recorded only when payment is due. Allocations of cost, such as
depreciation and amortization, are not recognized in governmental funds. General capital asset
acquisitions are reported as expenditures in governmental funds. Proceeds of general long-term debt
and acquisitions under capital leases are reported as other financing sources.
34
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30. 2014
NOTE 1 - SLJMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (continued)
Under the terms of grant agreements, the City funds certain programs by a combination of specific
cost-reimbursement grants, categorical block grants, and general revenues. Thus, when progam
expenses are incurred, there are both restricted and unrestricted net assets available to finance the
program. It is the City's policy to first apply cost-reimbursement grant resources to such prcgrams,
followed by categorical block grants, and then by general revenues.
Proprietary ftmd financial statemenls - Proprietary funds are used to account for operations that are
(a) financed and operated in a manner similar to private business enterprises - where the intent of the
governing body is that the costs (expenses, including depreciation) ofproviding goods or services to
the general public on a continuing basis be financed or recovered primarily through user charges; or
(b) where the governing body has decided that periodic determination of revenues eamed, expenses
incurred and/or net income is appropriate for capital maintenance, public policy, management
control, accountability, or other purposes.
Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating
revenues and expenses generally result from providing services and producing and delivering goods
in connection with a proprietary fund's principal ongoing operations. All revenues and expenses not
meeting this definition are reported as non-operating revenues and expenses.
Cash and cash equivalents - Cash and cash equivalents are considered to be cash on hand, demand
deposits, and short-term investments with original maturities of three months or less from the date of
acquisition.
Property tax calendar - All ad valorem taxes levied by the state, county, and any municipality in
Autauga County are assessed by the Tax Assessor and collected by the Tax Collector of Autauga
County. The Autauga County properly tax calendar requires the Tax Assessor to assess and attach
taxes as enforceable liens on property as of September 30 and taxes are due October I through
December 31 of the following year. Property taxes that have not been paid by January 1 are
considered delinquent. Tax collections received by the County Tax Collector are remitted to the City
on a monthly basis.
Receivables - Activity between funds that are representative of lending/borrowing arrangements
outstanding at the end of the fiscal year are referred to as either "due to/from other funds" (i.e., the
current portion of inter-fund loans) or "advances tolfrom other funds" (i.e., the noncurrent portion of
interfund loans). All other outstanding balances between funds are reported as "due to/from other
funds."
Accounts receivable in governmental funds consist of fees for public services rendered, reimbursable
payments paid for the benefit of other governmental entities that are collected on a periodic basis,
and grants receivable from other governments. Accounts receivable are stated at the amount
management expects to collect from balances outstanding at year-end. Based on management's
assessment, it has concluded that realization losses on balances outstanding at year-end will be
immaterial. Receivables as of vear end are considered fullv collectible and are recorded at net
realizable value.
35
CITY OF PRATWILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30.2014
NOTE I - SLJMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (continued)
Accounts receivable in the proprietary funds consist of monthly billings to customers for services
provided. The City extends credit to its customers, who are located primarily in Prattville, Alabama.
Trade accounts receivable are stated at the amount management expects to collect from balances
outstanding at year-end. Based on managemenfs assessment of the credit history with customers
having outstanding balances and current relationships with them, it has concluded that realization
losses on balances outstanding at year-end will be immaterial; therefore, no allowance for doubtful
accounts has been provided.
Prepaid items - Certain payments to vendors reflect costs applicable to future accounting periods and
are recorded as prepaid items in both government-wide and fund financial statements.
Inventory - Governmental fund inventories are reported as an expenditure when purchased rather
than capitalized as an asset. The City has no significant inventories as of September 30,2014;
therefore, none are reported on the statement of net position.
Restricted assets - Resources from federal and state grants, appropriations and shared taxes, and drug
confiscation proceeds are classified as restricted assets on the balance sheet.
Certain resources from federal and state grants set aside for airport improvements are classified as
restricted assets on the statement of net position of the Prattville Airport Authority because their use
is limited by their funding agreement.
Capital assets - Capital assets, which include property, plant, equipment, and infrastructure assets
(e.g. roads, bridges, sidewalks, and similar items), are reported in the applicable govemmental or
business-type activities columns in the government-wide financial statements. Such assets are
recorded at historical cost or estimated historical cost. Donated capital assets are recorded at their
estimated fair value at the date of donation.
36
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30. 2014
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (continued)
The cost of normal maintenance and repairs that do not add to the value of the asset or materially
extend assets' lives are not capitalized. Capital assets of the primary government and the Autauga-
Prattville Public Library, a component unit, are depreciated using the straight-line method over the
following estimated useful lives:
ASSET CLASS
Buildings and building
improvements
Land improvements
Vehicles
Office, nonoffice, and
computer equipment
Infrastructure
Land improvements
Building and improvements
Furniture and equipment
Runways
Machinery and equipment
Land improvements
Buildings
ESTIMATED
USEFUL LIVES
CAPITALVATION
THRESHOLD
25,000
25,000
5,000
5,000
50,000
40 years
20 years
5 - 15 years
5 - 20 years
50 years
Capital assets of the Prattville Airport Authofity, a
straight-line method over the following estimated useful
ASSET CLASS
ESTIMATED
USEFUL LTVES
component unit, are depreciated using
lives:
CAPITALIZATION
THRESHOLD
the
20 years
3 - 25 years
5 - 7 years
8 - 25 years
5,000
5,000
5,000
5,000
Capital assets of the Historic Prattville Redevelopment Authority, a component unit, are depreciated
using the straight-line method of depreciation over the following estimated useful lives:
ASSET CLASS
ESTIMATED CAPITALVATION
USEFUL LTVES THRESHOLD
5 10 years
20 years
40 years
5,000
25,000
25,000
37
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30. 2014
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (continued)
The City has historical assets including statues and fountains that are not capitalized, in accordance
with established criteria. Specifically, the historical assets are held for reasons other than financial
gain. The assets are protected, kept unencumbered, cared for and preserved, and are subject to a City
policy requiring that sales proceeds from any historical assets be used to acquire similar assets.
Deferred outflows of resources - Decreases in net assets that relate to future periods are reported as
deferred outflows of resources in a separate section of the government-wide statement of net position
and or governmental funds' balance sheet. The City has only one item that qualifies for reporting in
this category. It is the deferred loss on refunding reported in the government-wide statement of net
position. A defened loss on refunded debt results from the difference in the carrying value of the
refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of
the life of the refunded or refunding debt.
Deferred inflows of resources - Increases in net assets that apply to a future period(s) are reported as
deferred inflows of resources in a separate section of the government-wide statement of net position
and or governmental funds' balance sheet. The Library has only one item that qualifies for reporting
in this category. Accordingly, the item, nonexchange transactions, is reported government-wide
statement of net position. The amounts are deferred and recognized as revenue in the period that the
amounts become available.
Compensated absences - The City allows employees to accumulate vacation and sick leave up to
certain limits for use in subsequent periods. Upon termination of employment, an employee receives
payment of accumulated vacation hours up to a manimum of 360 hours at current wage rates. Upon
retirement, an employee can receive payment of 50Yo of accumulated sick leave hours up to a
maximum of 360 hours at cunent wage rates. All vacation and sick pay is accrued when incurred in
the governrnent-wide financial statements up to certain limits for use in subsequent periods. A
liability for these amounts is reported in governmental funds only if they have matured, for example,
as a result of employee resignations and retirements.
Long-term obligations - In the government-wide financial statements and proprietary fund types in
the fund financial statements, long-term obligations are reported as liabilities in the applicable
governmental activities, business-type activities, or proprietary fund type statement of net assets.
Bond premiums and discounts are deferred and amortized over the life of the bonds using the
effective interest method. Bonds payable are reported net of the applicable bond premium or
discount. Bond issuance costs other than prepaid insurance are expensed when incurred.
In the fund financial statementso governmental fund types recognize bond premiums and discounts, as
well as bond issuance costso during the current period. The face amount of debt issued is reported as
other financing sources. Premiums received on debt issuances are reported as other financing
sources while discounts on debt issuances are reported as other financing uses. Issuance costs,
whether or not withheld from the actual debt proceeds received, are reported as debt service
expenditures.
38
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30.2OI4
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (continued)
Lease obligations - Capital lease obligations are stated at the original fair market value of leased
assets capitalized, less payments since the inception of the lease discounted at the implicit rate of
interest in the lease. Also, in the year an asset is acquired by capital lease, the expenditure for the
asset and the offsetting arnount of the financing source are reflected in the fund financial statements
in the statement of revenues, expenditures, and changes in fund balances. Capital lease obligations
of governmental activities in the government-wide financial statements and the cost of assets so
acquired are reflected in the accounts of those statements. Capital lease obligations of business-type
activities in the government-wide financial statements and proprietary fund type financial statements
and the cost of assets so acquired are reflected in the accounts of those funds and statements.
Fund balance - In accordance with Governmental Accounting Standards Board Statement 54, Fund
Balance Reporting and Governmental Fmd Type Definitions, the City classifies government fund
balance as follows:
Nonspendable - includes fund balance amounts that cannot be spent either because it is
not in spendable form, or for legal or contractual requirements. This would include
inventories, deposits, and prepaid items.
Restricted - includes fund balance amounts that are constrained for specific purposes
which are externally imposed by providers, such as creditors, or amounts constrained due
to constitutional provisions or enabling legislation.
Committed - includes fund balance amounts that can be used only for the specific
purposes that are internally imposed by formal action of the government's highest level
of decision making authority. Commitments may be charged by the government taking
the same action that imposed the constraint initially. Contractual obligations are
included to the extent that existing resources in the fund have been specifically
committed for use in satis$ing those contractual obligations. Fund balance is committed
by the City Council by ordinance.
Assigned - includes spendable fund balance amounts that are intended to be used for
specific purposes that are neither considered restricted or committed. This indicates that
nesources in these funds are, at a minimum, intended to be used for the purpose of that
fund. The City Council, Mayor, Finance Director, or the City Clerk is authorized to
assign amounts to a specific purpose. The authorization, which is established by the City
Council, is pursuant to the policy of the City Council to delegate such authority.
Unassigned - includes residual positive fund balance within the general fund which has
not been classified within the other above mentioned categories. Unassigned fund
balance may also include negative balances for any governmental fund if expenditures
exceed amounts restricted, committed, or assigned for those specific purposes.
39
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2OI4
The City considers restricted amounts to have been spent when an expenditure is incurred for
purposes for which both restricted and unrestricted fund balance is available. The City considers
committed, then assigned amounts to have been spent when an expenditure is incurred for purposes
for which amounts of unrestricted fund balance is available.
Management estimates and assumptions - The preparation of financial statements in conformity with
accounting principles generally accepted in the United States of America requires management to
make estimates and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial statements and the reported
amount of revenues and expenses during the reporting period. Actual results could vary from
estimates used.
NOTE 2 - STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY:
Budgets and budgetary accounting - The budget is adopted annually at the beginning of each fiscal
year for the general fund, gas tax special revenue fund, capital projects fund, debt service fund, and
judicial special revenue fund. The Council must approve transfers of appropriations or revisions
between and among government function categories. Management can approve hansfers within
government function categories only. Actual expenditures should not exceed appropriations in
governmental function categories.
Appropriations lapse at the end of the fiscal year unless expended or encumbered. Encumbered
appropriations are carried forward. Encumbrances (e.g., purchase orders, confracts) outstanding at
year-end are reported as assigned fund balance and do not constitute expenditures or liabilities of the
fund.
Budgets for the above-mentioned funds are adopted on a basis other than accounting principles
generally accepted in the United States of America (GAAP) insofar as encumbrances are included
with expenditures. Reconciliation of expenditures reported in accordance with GAAP and those
presented in accordance with the non GAAP budgetary basis are noted below.
40
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30.2OI4
NOTE 2 - STEWARDSHIP, COMPLIANCE, AND ACCOLJNTABILITY: (continued)
GENERAL
FI.JND
Excess of revenues and other financing sources over expenditures
and other uses (GAAP basis)
Encumbmnces at beginning of the year
Encumbrances at end of the year
Excess of revenues and other financing sources over
expenditures and other uses - actual (non GAAP budgetary basis)
Excess of expenditures and other financing uses over revenues
and other sources (GAAP basis)
Encumbrances at end of the year
Excess of expenditures and other financing uses over revenues
and other sources - actual (non GAAP budgetary basis)
Excess of revenues and other financing sources over expenditures
and other uses (GAAP basis)
Encumbrances at end of the year
Excess of revenues and other financing sources over
expenditures and other uses - actual (non GAAP budgetary basis)
4,350,576
213,081
(359,839)
4,203,818
GAS TAX SPECIAL
REVENUEFUND
(246,1 8l )
(13,r63)
(259,344)
JUDICIAL SPECIAL
REVENUEFUND
$ 46,1 15
(270)
$ 45,845
Excess of expenditures over.approoriations - For the year ended September 30,2014, one general
fund functional expenditure category (the legal level of budgetary confol) exceeded appropriations.
The City exceeded its budgeted appropriations in capital outlay due to additional capital projects
These expenditures were funded from tax revenues.
4l
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30.2OI4
For the year ended September 30, 2014, one debt service fund functional expenditure category (the
legal level of budgetary control) exceeded appropriations. The City exceeded its budgeted
appropriations in debt service due to the issuance of refunding bonds in 2014. These expenditures
were funded from the refunding bond proceeds.
For the year ended September 30, 2014, one gas tax special revenue fund functional expenditure
category (the legal level ofbudgetary control) exceeded appropriations. The City began several street
paving projects during the fiscal year. The expenditures related to these paving projects are budgeted
net of any grant reimbursements. Since the City budgets on a net basis, the grant reimbursements are
not factored into the budget. Any expenditures that exceeded appropriations not due to the
aforementioned grant reimbursements were funded from gas tax special revenue fund reserves.
Deficit net position - The City had a deficit unrestricted net position at September 30, 2014 of
$20,871,745. This deficit represents the indebtedness incurred for incentive obligations including
the purchase of development property supporting the significant retail development activities within
the City which originated in the fiscal years ended 2006 and 2008.
NOTE 3 - CASH, CASH EQUTVALENTS, AND INVESTMENTS:
Deposits - Custodial credit risk - The City's investment policy requires that bank deposits be fully
insured by the Federal Deposit Insurance Corporation or be covered under the Security for Alabama
Funds Enhancement (SAFE) Program. The SAFE progfttm is a multiple financial collateral pool
administered by the State Treasurer according to State of Alabama statute.
42
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30. 2OI4
NOTE4-CAPITALASSETS:
Capital asset activity for the Crty's governmental activities for the year ended September 30,2014
was as follows:
BEGINNING ENDING
BALANCE INCREASE DECREASE BALANCE
Governmental activities :
Capital assets, not being
depreciated:
Consffuction in progress
Land
Total capital assets, not
being depreciated
Capital assets, being depreciated:
Buildings and building
rmprovements
Land improvements
Vehicles
Office, nonoffice, and
computer equipment
Infrastructure
Total capital assets,
being depreciated
Less accumulated depreciation for:
Buildings and building
rmprovements
Land improvements
Vehicles
Office, nonoffice, and
computer equipment
Infrastructure
Total accumulated
depreciation
Total capital assets,
being depreciated, net
Governmental activitie s
capital assets, net
$ 679,097 $ 100,748 $ 779,845
2,322,406 327,532 _ 2.649.938
3,001,503 428,280 _ 3,429,783
5,154,485 10,186 5 ,164,67 |
4,948,252 240,956 5,189,208
4,829,852 488,257 $ 451,921 4,866,188
5,098,270 7ll,5l3 287 ,858 5,521,925
45,125,739
- -
45,125'739
65,156,598 1,450,912 739.779 65.867 .731
1,162,748 134,874
4,543,734 321,546
3,592,854 372,903
1,297,618
4,865,280
451,921 3,513,836
3,237,396 350,350 286,386 3,301,360
7,017,634 890,654 _ 7,908.288
19,554,366 2,070,323 738,307 20.886,382
45,602,232 (619,41l) 1,472 44.981,349
$48,603,735 $ (191,131) $ _,.1,47?,_ $48,411,132
43
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30. 2OI4
NOTE 4 - CAPITAL ASSETS: (continued)
Capital asset activity for the Crty's business-type activities for the year ended September 30,2014
was as follows:
BEGINNING ENDING
BALANCE INCREASE DECREASE BALANCE
Business-type activities :
Capital assets, not being
depreciated:
Construction in progress
Land
Total capital assets, not
being depreciated
Capital assets, being depreciated:
Buildings and building
rmprovements
Land improvements
Vehicles
Office, nonoffice, and
computer equipment
Total capital assets,
being depreciated
Less accumulated depreciation for:
Buildings and building
rmprovements
Land improvements
Vehicles
Office, nonoffice, and
computer equipment
Total accumulated
depreciation
Total capital assets,
being depreciated, net
Business-type activities
capital assets, net
5,889,762
3,221,4301,761,525 35,650
$ 73,988
5,889,762
3,221,430
$ 103 ,599 1,693,576
2,72r,322
1,636,519
103 ,599 1,295,716
$ 73,988
$ 1,257"019
1,257,019 73,988 _ 1,331.007
1,576,043 247,644 13,880 1,809.807
12,448,760 283,294 117,479 12.614,575
2,571,822
1,47 5,851
149,500
160,668
1,249,440 149,87 5
1,086,306 121,836 13,880 1,194,262
6,383,419 581,879 ll7 ,479 6,847 "819
6,065,341 (298,585\ _ 5.766.756
s ?322360 J @45n s - 8 7,oe?363
44
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30. 2OI4
NOTE 4 - CAPITAL ASSETS: (continued)
Depreciation expense was charged to functions/programs of the primary government as follows:
Governmental activities:
General government $ 936,439
Public works 264,676
Public safety 532,470
Cultural and recreational 336,738
Total depreciation expense - governmental activities S 2,070,323:
Business-type activities :
Sanitation $ 145,636
Wastewater 436.243
Total depreciation expense - business-type activities _q_:!1,8?9_
Component units - Capital asset activity for the Autauga-Prattville Public Library for the fiscal year
ended September 30,2014 is as follows:
BEGINNING ENDING
BALANCE INCREASE DECREASE BALANCE
Capital assets, being depreciated:
Equipment
Total capital assets,
being depreciated
$ 208,732 $ 48,257 $ 160,47 5
208,732 48,257 160,47 5
Less: Accumulated depreciation 134,296 $ 16,995 44,236 107,055
Total capital assets,
being depreciated, net $ 74,436 $ (16,995) $ 4,021 $ 53,420
--:::
45
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30. 2OI4
NOTE 4 - CAPITAL ASSETS: (continued)
Capital asset activity for the Prattville Airport Authority for the fiscal year ended September 30,2014
is as follows:
BEGINNING
BALANCE INCREASE
ENDING
DECREASE BALANCE
Capital assets, not being depreciated:
Land
Construction in progress
Total capital assets,
not being depreciated
Capital assets, being depreciated:
Land improvements
Runways
Building improvements
Furniture and equipment
Total capital assets,
being depreciated
Less: Accumulated depreciation
Land improvements
Runways
Building improvements
Furniture and equipment
Total accumulated depreciation
Total capital assets,
being depreciated, net
Total capital assets, net
2,621,549 92,917 27,820 2,686,646
$ 2,593,729
27,820
71,431
21,486 27,820
$ 2,665,160
21,496
1,495,301
6,530,7 45
1,402,007
90,47 5 400,624
1,495,301
6,530,7 45
1,402,007
491,099
9,5 18,528 40a,624 9,919,152
560,377
2,57 5,360
435,77 5
59,199
7 4,7 65
226,1 88
31,314
6,672
635,142
2,801,548
467,089
65,87 |
3,630,711 339,939 3,969,650
5,887,817 61,685 5,949,502
$ 8,509,366 $ 154,602 $ 27,820 $ 8,63 6,148
--------
46
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30.2OI4
Capital asset activity for the Historic Prattville Redevelopment Authority for the fiscal year ended
September 30,2014 is as follows:
BEGINNING ENDING
BALANCE INCREASE DECREASE BALANCE
Capital assets, not being depreciated:
Land
Total capital assets,
$ 183,500 $ 183,500
not being depreciated 183,500 183,500
Capital assets, being depreciated:
Land improvements
Building improvements
Machinery and equipment
Total capital assets,
being depreciated
12,000
285,000
23,000
12,000
285,000
23,000
320,000
Less: Accumulated depreciation 85,583 $ lr 07
Total capital assets,
being depreciated, net 234,417 (7,907)
320,000
93,490
226,5r0
Total capital assets, net $ 417,917 $ (7,9QD $ - $ 410,010
NOTE 5 - INTERFUND BALANCES:
Interfund transactions are generally used to meet cash demands necessary to pay operating
expenditures. These amounts should be repaid during the next fiscal year. Amounts reported in the
fund financial statements as interfund receivables and payables are eliminated in the entity-wide
governmental column of the statement of net assets, except for the net residual amounts due between
governmental and business-type activities, which are presented as internal balances.
47
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2OI4
The composition of interfund receivables and payables as of September 30,2014 consists of the
following:
RECEIVABLE FUND PAYABLE FUND AMOUNT
General
General
General
General
Total
Sanitation
Gas tax special revenue fund
Judicial special revenue fund
Wastewater
320,879
93,781
15,932
111 ,929
542,521
The following is a schedule of interfund transfers for the year ended September 30,2014:
TRANISFER OUT TRANSFER IN
DEBT
SERVICE
FUND
CAPITAL GAS
PROJECTS TAX
FUND FUND
INTERNAL
SERVICE
FUND TOTAL
49^587
$ 4,349,932 $ 497,568 $ 49,587 $ 2,622,527 $ 7,518,614
---
Transfers are used to move revenues from the fund with collection authorization to the debt service
fund as debt service principal and interest payments become due, and to move unrestricted general
fund revenues to finance various programs that the government must account for in other funds in
accordance with budgetary authorizations, including amounts provided as subsidies or matching
funds for various grant programs.
NOTE6-LONG-TERMDEBT:
State statute limits the amount of long-term debt the City can incur. The amount of debt applicable
to this limit during a year can be no greater than}DVo of the assessed value of taxable property as of
the beginning of the fiscal year. As of September 30, 2014, the amount of outstanding debt
applicable to this limit was equal to 7.48% of property assessments as of October 1,2013.
General fund
Capital projects fund
Gas tan special revenue fund
Judicial special revenue fund
Wastewater fund
Sanitation fund
Totals
$ 4,348,931
I
$ 484,009 $
13,559
$ 2,121,877
46,500
196,075
258,075
$ 7,004,404
I
13,559
46,500
196,475
258,075
48
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30.2OI4
NOTE 6 - LONG-TERM DEBT: (continued)
Long-term debt activity for the year ended September 30,2014, was as follows:
DUE
WITHIN
BEGINNING ENDING ONE
BALANCE ADDITIONS REDUCTIONS BALANCE YEAR
Governmental activities:
Warrant and other notes payable $ 47,005,009 $ 9,955,000 $ 12,802,898 $ 44,157,11I $ 4,420,000
Limited obligation warrant 1,567,775
Less defened amounts:
Debt issuance discounts (137,952)
Add defened amounts:
Debt issuance premiums 160,007 206,625 26,857 339,775
Total wanants and
other notes payable 48,594,839 10,161,625 12,782,715 45,973,749 4,420,000
Compensated absences 1,072,194 543,928 575,809 1,040,313 197,030
Post-employment benefi ts other
than pensions 1,990,427 424,616 56,693 2,358,350
Govemmental activities long-term
5l ,657 ,460 I I , I 3 0, I 69 13,415,217 49,372,412 4,617 ,030
9,463 1,558,312
(56,503) (81,449)
4A0,647 2,695,120 1,627,993
9,334
liabilities
Business-type activities :
General obligation warrants 3,095,767
Capital leases
Compensated absences
Business-type activities
9,334
189,730 94,323 99,136 184,917 88,608
long-term liabilities 3,294,831 94,323 509,117 2,880,037 1,716,601
Total long-term debt _8 549n291 -S ll,n4,4n_ -$ 13,94334_ -S 522n,449__$_6,333,911-
49
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCTAL STATEMENTS
SEPTEMBER 30. 2014
NOTE 6 - LONG-TERM DEBT: (continued)
Long-term debt at September 30,2014 consists ofthe following:
Governmental activities :
General Obligation Economic Development Improvement Warrants, Series
2006A; principal amount $19,875,000; graduated principal payments are due
annually beginning November l, 2010 and semiannual interest payments due
each November 1 and May l; interest at 3.65Yo to 5.00%; current rate on
bonds SYo; frrlal maturity date is November l, 2026. Proceeds used for
economic development.
General Obligation Economic Development Improvement Warrants, Series
20068; principal amount $9,000,000; graduated principal payments due
annually beginning November I,2009 and semiannual interest payments due
each November 1 and May l; interest at 3.50o/o to 5.00Vo; rate on current
bonds 4.5o/o; final maturity date is November l, 2025. Proceeds used for
economic development.
General Obligation Economic Development Improvement Warrant, Series
2007; principal amount $14,920,000; graduated principal payments due
annually beginning November 1, 2010 and semiannual interest payments due
each November I and May l; interest at 3.50o/o to 4.375Yo; rate on current
bonds 4Yo; frnal maturity date is November l, 2025. Proceeds used for
economic development.
General Obligation Warrant, Series 2008; principal amount $380,000; due in
semiannual installments of principal and interest on November 20 and
May 20 of each year, beginning November 20,2008; interest at 3.2lVo; frnal
maturity date is May 20,2018. Proceeds used to purchase a fire truck.
2009 General Obligation Refunding Warrants; principal amount $6,315,000;
graduated principal payments are due annually beginning on September 1,
2010 and semiannual interest payments due each March I and September l,
beginning March 1,2010; interest rate ranges fromZYoto 4Vo; rate on current
bonds 3Yo; fiml payment is due September 1,2022. Proceeds used to refund
the 2001 and2002 Warrants.
TOTAL
$ 9,285,000
6,990,000
2,150,000
r57,1 I I
50
4,265,000
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30. 2014
NOTE 6 - LONG-TERM DEBT: (continued)
General Obligation Chewon Warrants Series 2009A; principal amount
$1,820,000; graduated principal payments are due annually beginning on
December l, 2010 and semiannual interest payments due each June 1 and
December 1, beginning June 1, 2010; interest rate ranges from2.2Yo to 4.5Yo;
rate on current bonds 2.2%; final payment is due December l, 2029.
Proceeds used for the acquisition, construction, installation, and equipping of
certain enerry effrcient improvements.
General Obligation Refunding Warrants Series 2013A; principal amount
$9,815,000; graduated principal payments are due annually beginning on
March 1,2014 and semiannual interest payments due each September I and
March l, beginning September 30,2013; interest rate ranges from .80% to
2.75%; rate on current bonds 2.0%; final payment is due March 1,2027.
Proceeds used for the partial refunding of the Series 2006A General
Obligation Economic Development lmprovement Warrants.
General Obligation Refunding Warrants Series 2014A; principal amount
$9,955,000; graduated principal payments are due annually beginning on
March 1,2015 and semiannual interest payments due each September 1 and
March 1, beginning March 1,2015; interest rate ranges from 1.55% to 4.0Yo;
rate on current bonds 2.0%; final payment is due March l, 2026. Proceeds
used for the partial refunding of the Series 2007 General Obligation
Economic Development Improvement Warrants.
Total governmental activities
TOTAL
$ 1,695,000
9,660,000
9,955,000
44,1,57,1 I I
5l
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30.2014
NOTE 6 - LONG-TEnN{ OEgf' (continued)
Business-type activities:
General Obligation Sewer Warrant, Series 19961' principal amount
$3,025,000; graduated principal payments are due annually on August 15 and
semiannual interest payments due each February 15 and August 15; interest
rate of 3.18%; final maturrty date is August 15,2017. Proceeds used for
sludge digesters and wastewater heatment plant upgrade.
General Obligation Sewer Warrant, Series 2004; principal amount
$2,085,000; graduated principal payments are due annually on February 15
and semiannual interest payments due each February 15 and August 15;
interest rate of 3.05%; final maturity date is February 18, 2025. Proceeds
used to pay costs of constructing wastewater treatment and related facilities
in connection with the sanitary sewer system.
General Obligation Sewer Warrant, Series 2013; principal amount $900,000;
monthly principal and interest payments of $l1,570 due monthly beginning
on September 15, 2013; interest rate of 2.190%; final maturity date is
August 15,2020. Proceeds used to pay for purchase ofproperty to be used as
a waste water byproduct application site.
Total business-type activities
Total general obligation warrants
TOTAL
620,000
1,305,000
770,120
2,695,120
$ 46,8 52,231
--
Limited Obligation Warrant - The City issued Limited Obligation Warant, Series 20068 in the
amount of $1,594,489 for the construction of infrastructure. The warrant bears a -0-olo interest rate
and matures on August 1,2036. The warrant was issued pursuant to an agreement with a private
entity for the construction of infrastructure. Repayment of the warrant is secured by a pledge of 7 SYo
of the sales tax revenue remitted by retail establishments located on the specified property. As of
September 30,2014, the City had redeemed $36,177 of the outstanding wamants. The balance on the
warrant at September30,2014 is $1,558,312.
The Limited Obligation Warrant does not constitute a direct obligation and pledge of the full faith
and credit of the City.
52
CIry OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30.2OI4
NOTE 6 - LONG-TERM DEBT: (continued)
Debt service requirements on long-term debt at September 30,2014 are as follows:
TOTAL ANINUAL REQTJIREMENTS CIO VERNMENTAL AC TI VITIE S BUSINE S S. TYPE ACTIVITIES
PRINCTPAL rNrEREsr .-....jry-.gg4!_.'.ry.-....]5L PRINCIPAL INTEREST _,,.PI4!_
YEARENDTNG
SEPTEMBER30:
2015$6,047,993Nr,sn,462$7,s?1,455$4,42qOOO$r,479,597$5,899,s971r,627,993S43,66s$1,671,858
ml6 2,720,715 1,347,839 4,068,554 e390,m0 1,321,354 3,711,354 330,715 26,4t5 357,2OO
ml7 3,158,5?2 1,229,118 4,3t1,69O 2815,000 l,2r2,Na 4,O27,0O8 343,572 l7,ll0 360,682
2018 3,551,456 1,0v2,939 4,il4,395 3,420,000 t,085,551 4,505,5s1 131,456 2388 138,8'14
mlg 3,644,405 959,373 4,@3,nt 3,510,000 954,933 4,4f/,933 134,405 4,440 13t 845
?g20 -20U 1t,181,979 3,189,418 21,371,397 18,055,000 3,lE?,991 21,242,991 126,979 1,427 128,406
2025 -2029 9,365,000 467,3t3 qt32,313 9,365,000 467,3t3 9,832,313
2O3O -2034 195,000 4,193 186,304 182"il I 4t93 186,304
203s-2036 r,5s8,3r2 __!1111,13-__14-__l4tjl3-
Totals$4t,423,432$9,813,655$58,22,19t$45,115,423$9,712,940Ss5,428,363$2,695,120$100,715$2,795,835:::::===- =!-:::=-=:
Advance refunding - The City issued $9,955,000 of general obligation refunding bonds to provide
resources to purchase U.S. Government State and Local Government Series securities that were
placed in an irrevocable trust for the purpose of generating resources for all future debt service
payments of $9,865,000 general obligation bonds. As a result, the refunded bonds are considered to
be defeased and the liability has been removed from the governmental activities column of the
statement of net position. The reacquisition price exceeded the net carrying amount of the old debt
by $250,442. This amount is classified as a deferred loss on refunding (a defened outflow) and
amortized over the remaining life of the old debt. Over the life of the bonds, the City decreased its
total debt service requirements by $1,161,113. The result of this refunding was an economic gain of
$1,084,369.
Component units - The Prattville Airport Authority's capital debt at September 30, 2014 is as
follows:
Revenue and Grant Anticipation Bond Series 2014 - River Bank & Trust;
$551,266; ; interest rate of 4.69% until April I,2029; principal and interest
due monthly beginning May 22,2014; secured by pledge of all revenues,
rents, receipts, income, and funds derived by the Airport Authority.$ 540,717
$ 540,717
--
Total long-terrn capital debt
53
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2OI4
NOTE 6 - LONG-TERM DEBT: (continued)
Maturities on capital debt are as follows:
CITY OF PRATTVILLE AIRPORT AUTHORITY
PRINCIPAL INTEREST TOTAL
YEAR ENDING SEPTEMBER 30:
20r5
20r6
20r7
2018
2019
2020 - 2024
2025 - 2029
26,348
27,561
28,968
30,37 5
31,852
183 ,947
211,666
25,139
23,926
22,519
2l,ll2
19,635
73,488
24,303
51,487
51,487
51,487
51,497
51,487
257,435
235,969
Totals $ 540,717
--
Total interest cost on capital debt in 2014 was $20,613.
Capital debt activity for the year ended September 30,2014 was as follows:
210,122 $ 750,839
--
ENDING DUE WITHIN
BALANCE O}.IE YEAR
BEGINNING
BALANCE ADDITIONS REDUCTIONS
Revenue and grant anticipation
Bond-Trustmark $ 563,461
Bond - River Bank & Trust
Totals
$ 551 ,266
$ 563,461
10,549 $ 540,717 $ 26,348
$ 563,461 $ 551,266 $ 574,010 s 540,717 $ 26,348
54
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCTAL STATEMENTS
SEPTEMBER 30. 2OI4
The Historic Prattville Redevelopment Authority's notes payable at September 30, 2014 arc
follows:
BankTrust secured by real estate; monthly principal and interest payments of
$I,972 due on the 5th of every month; interest rate of 6.15%; final maturity
dateis July5,2015. Proceedsusedtopurchaserealestate. $ 138,626
BankTrust unsecured; monthly principal and interest payments of $393 due on
the I 5th of every month; interest rate of 6.1 5Yo: mat.xity date of September I 5,
2015. Proceeds used to pay unsecured loan.
Total
Notes payable maturities at September 30,2014 are as follows:
15,601
$ 154,227
--
YEAR ENDING SEPTEMBER 30:
2015
Totals
Long-term debt activity for the Historic
September 30, 2014, was as follows:
HISTORIC PRATTVILLE
REDEVELOPMENT AUTHORITY
PRINCIPAL INTEREST TOTAL
$ 154,227 $ 7,913 $ 162,140
$ t54,227 $ 7,913 $ 162,140
---
Prattville Redevelopment Authority for the year ended
BEGINNTNG ENDING DUE WITHIN
BALANCE ADDITIONS REDUCTIONS BALANCE ONE YEAR
Notes payable to bank $ 160,761 6,534$154,227$154,227
Totals 160,761 6,534$154,227$154,227
NOTET-NOTESPAYABLE:
The City issued variable rate General Obligation Note, Series 20114 dated May l, 20ll in the
amount of $1,000,000. The proceeds of the note were used as a line of credit forpaying operation
expenditures as needed for the City. The line of credit was most recently renewed on May 30,2014
with a maturity date of May 30,2015. At September 30,2014, the balance of the loan had been paid
in tull.
55
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30.2014
NOTE 8. PENSION COSTS:
Plan description - The City of Prattville, Alabama participates in the Employees' Retirement System
of Alabama (ERS), an agent multiple-employer public employee retirement system (PERS) that acts
as a common investment and administrative agent for qualified persons employed by local
government entities in Alabama. ERS is a defined benefit plan that provides retiremenL disability,
and death benefits to plan members and beneficiaries.
The ERS was established October 1945 under the provisions of Act 515, Acts of Alabama 1945, for
the purpose of providing retirement allowances and other specified benefits for State employees,
State police, and on an elective basis to all cities, counties, towns, and quasi-public organizations.
The responsibility for general administration and operation of the ERS is vested in the Board of
Control.
Benefit provisions are established by the Code of Alabama 1975. Authority to amend the benefit
provisions of the plan rests with the State Legislature.
ERS issues a publicly available financial report that includes financial statements and required
supplemental information for the Employees' Retirement System of Alabama. That report may be
obtained by writing to: The Retirement Systems of Alabama, P.O. Box 302150, Montgomery,
Alabama 36130-2150 or by calling (334) 832-4140.
Funding policy - Plan members are required by statute to contribute 5% of their annual salary, except
for full-time, certified firefighters and law enforcement officers, who contribute 6Yo of their annual
covered salary. The City is required to contribute at an actuarially determined rate; the Crty's cument
contribution rate is 9.18% of covered payroll based on the actuarial valuation report of
September 30, 2011. The contribution requirements of plan members are set by the State
Legislature. The conhibution requirements of the City are established and may be amended by the
ERS based on actuarial valuations.
ANNUALPENSION
cosr (APC)
$ 1,092,669
1,095 ,322
1,203,721
PERCENTAGE OF APC
CONTRIBUTED
NET PENSION
OBLIGATION
r00%
r00%
t00%
-0-
-0-
-0-
Annual pension cost - For the year ended September 30, 2014, the City's annual pension cost of
$1,203,721 was equal to the City's required and actual contributions.
Trend information for the City of Prattville, Alabama is as follows:
TREND INFORMATION
FISCAL YEAR
ENDED
September 30, 2012
September 30, 2013
September 30, 2014
56
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCTAL STATEMENTS
SEPTEMBER 30. 2OI4
The required contribution was determined as part of the September 30,2011 actuarial valuation using
the entry age actuarial cost method. Significant actuarial assumptions used in the valuation included
(a) an investment rate of return on assets of 8.00% per year, and (b) projected salary increases of
3 .7 5% to 7 .25Yo per year, including inflation of 3 .00%. The actuarial value of assets was determined
using techniques that smooth the effects of short-term volatility in the market value of investrnents
over a five-year period. The unfunded actuarial accrued liability is being amortized as a level
percentage of projected payroll on an open basis. The remaining amortization period as of
September 30,2011 was 30 years.
Funding status and progress - As of September 30,2013, the most recent actuarial valuation date, the
plan was 72.4% funded. The actuarial accrued liability for benefits was $45,194,572, and the
actuarial value of assets was $32,730,300 resulting in funding deficit of $12,464,272. The covered
payroll (annual payroll of active employees covered by the plan) was $12,849,845, and the ratio of
the funding deficit to the covered payroll was 97.0o/o.
The schedule of funding progress for the City of Prattville, Alabama, presented as required
supplementary information following the notes to the financial statements, presents multiyear trend
information about whether the acfuarial value of plan assets is increasing or decreasing over time
relative to the actuarial accrued liability for benefits.
NOTE 9 - POST-EMPLOYMENT BENEFITS OTIMR THAN PENSIONS:
The City of Prattville administers a single-employer defined benefit (OPEB) plan for the employees
of the City. From an accrual accounting perspective, the cost of post-employment healthcare
benefits, like the cost of pension benefits, should be associated with the periods in which the cost
occurs, rather than in the future years when it will be paid. The City recognizes the cost of post-
employment healthcare in the year when employee services are received, reports the accumulated
liability from prior years, and provides information useful in assessing potential demands on the
City's future cash flows. The recognition of the liability accumulated from prior years will be phased
in over 30 years, commencing with the 2009 liability.
Plan description - The City of Prattville, Alabama's medical benefits are provided through a
comprehensive medical plan and are made available to employees upon actual retirement.
The employees are covered by the Retirement System of Alabama and must meet the eligibility
provisions adopted by resolution to receive retiree medical benefits. Those eligibility provisions are
asfollows: l0yearsof consecutiveserviceandattainmentofage60; or,25 yearsof serviceatany
age. Complete plan provisions are included in the official plan documents.
Contribution rates - Employees do not contribute to their post employment benefits costs until they
become retirees and begin receiving those benefits. The plan provisions and contribution rates are
contained in the official plan documents.
57
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30.2OI4
NOTE 9 - POST-EMPLOYMENT BENEFITS OTHERTHAN PENSIONS: (continued)
The number of participants as of September 30, 2012, the effective date of the biannual actuarial
valuation, are as follows:
NUMBEROF
ENROLLEES
Active employees
Retired employees
Total
Normal cost
30 year unfunded AAL amortization amount
Annual required contribution (ARC)
29r
ll
302
Funding policy - Until fiscal year ended September 30, 2008, the City of Prattville, Alabama
recognized the cost of providing post-employment medical benefits (the City of Prattville's portion
of the retiree medical benefit premiums) as an expense when the benefit premiums were due and thus
financed the cost of the post-employment benefits on a pay-as-you-go basis. The City's funding
policy is not to fund the Annual Required Contribution (ARC) of the employer except to the extent
of the current year's retiree funding costs.
In fiscal year ended September 30, 2014, the City of Prattville, Alabama's portion of health care
funding cost for retired employees totaled $56,693. These amounts were applied toward the net
OPEB obligation as shown in the table below.
Annual required contribution - The City of Prattville's Annual Required Contribution (ARC) is an
amount actuarially determined in accordance with GASB 45. The ARC is the sum of the Normal
Cost plus the contribution to amortize the Unfunded Actuarial Accrued Liability (UAAL). A level
dollar, open amortization period of 30 years, (the maximum amortization period allowed by GASB
43145) has been used for the post-employment benefits. The total ARC for the fiscal year beginning
October 1,2013 is $460,105, as set forth below:
MEDICAL
237,520
222,585
460,105
58
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30. 2014
NOTE 9 - POST-EMPLOYMENT BENEFITS OTI{ER THAN PENSIONS: (continued)
Net post-employment benefit obligation (asset) - The following table shows the components of the
annual OPEB cost for the year, the amount actually contributed to the plan, and changes in the City's
net OPEB obligation:
MEDICAL
Annual required contribution
lnterest on net OPEB obligation
Adjustment to annual required contribution
Annual OPEB cost
Contributions made
Current year retiree premium
Increase in net OPEB obligation
Net OPEB obligation - beginning of year
Net OPEB obligation - end of year
$ 460,105
79,617
(115,106)
424,616
-0-
(56,693)
367,923
1,990,427
$ 2,358,350
The City's annual OPEB cost, percentage of the cost contributed, and the net OPEB obligation for
fiscal year 2014 andthe previous two years is as follows:
POST-
EMPLOYMENT
BENEFIT
Medical
Medical
Medical
September 30, 2012 $
September 30, 2013
September 30, 2014
PERCENTAGE
OF ANNUAL
FISCAL YEAR ANNUAL COST NET OPEB
ENDED OPEB COST CONTRIBUTED OBLIGATION
337,315
413,354
424,616
r7.lg% $
12.7UYo
13.3 5%
1,629,565
1,990,427
2,358,350
59
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCTAL STATEMENTS
SEPTEMBER 30. 2OI4
NOTE 9 - POST-EMPLOYMENT BENEFITS OTIIER THAN PENSIONS: (continued)
Funded status and funding progress - As of September 20,2014, the actuarial accrued liability for
benefits was $4,002 ,952 all of which was unfunded. The covered payroll (annual payroll of active
employees covered by the plan) was $13,721,319 and the ratio of the unfunded actuarial liability to
the covered payroll was29.l7Yo as presented in the following table:
MEDICAL
Actuarial accrued liability (AAL)
Actuarial value of plan assets
Unfunded actuarial accrued liability (UAAL)
Funded ratio (Actuarial value assets/AAl)
Covered payroll (active plan members)
UAAL as a percentage of covered payroll
4,0a2,952
-0-
4,002,952
-0-%
13,721,319
29.17%
Actuarial methods and assumptions - Actuarial valuations involve estimates of the value of reported
amounts and assumptions about the probability of events far into the future. The actuarial valuation
for post-employment benefits includes estimates and assumptions regarding (1) turnover nte; (2)
retirement rate; (3) health care cost trend rate; (4) mortality rate; (5) discount rate (investment return
assumption); and (6) the period to which the costs apply (past, current, or future years of service by
employees). Actuarially determined amounts are subject to continual revision as actual results are
compared to past expectations and new estimates are made about the future.
The actuarial calculations are based on the types of benefits provided under the terms of the
substantive plan (the plan as understood by the City and its employee plan members) at the time of
the valuation and on the pattern of sharing costs between the City of Prattville, Alabama and its plan
members to that point. The projection of benefits for financial reporting purposes does not explicitly
incorporate the potential effects of legal or contractual funding limitations on the pattern of cost
sharing between the City and plan members in the future. Consistent with the long-term perspective
of actuarial calculations, the actuarial methods and assumptions used include techniques that are
designed to reduce short-term volatility in actuarial liabilities and the actuarial value ofassets.
The following significant assumptions were made:
Actuarial cost method - The ARC is determined using the projected unit credit actuarial cost
method. The employer portion of the cost for retiree medical care in each future year is determined
by projecting the current cost levels using the healthcare cost trend rate and discounting this
projected amount to the valuation date using the other described pertinent actuarial assumptions,
including the investment return assumption (discount rate), mortality, and turnover.
60
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30.2014
NOTE 9 - POST-EMPLOYMENT BENEFITS OTHER THAN PENSIONS: (continued)
Actuarial value of plan assets - There are not any plan assets. It is anticipated that in future
valuations, should funding take place, a smoothed market value consistent with Actuarial Standards
Board ASOP 6, as provided in paragraph number 125 of GASB Statement 45 would be used.
Turnover rate - An age-related turnover scale based on actual experience has been used. The rates,
when applied to the active employee census, produce a composite average annual tumover of
approximately 9%. It has further been assumed that I0%o of retirees decline coverage because of the
substantial retiree contribution required.
Post-employment benefit plan eligibility requirements - Based on past experience, it has been
assumed that entitlement to benefits will commence immediately upon retiree coverage eligibility, as
described under "Plan Description". In addition, 'oTier [I" retirement plan members (those hired on
and after January l, 2013) would not be eligible to retire before age 62. Medical benefits are
provided to employees upon actual retirement.
Investment return assumption (discount rate) - GASB Statement 45 states that the investment retum
assumption should be estimated long-term investment yield on the investments that are expected to
be used to finance the payment of benefits (that is, for a plan which is funded). Based on the
assumption that the ARC will not be funded, a 4Yo awrual investment return has been used in this
valuation.
Health care cost trend rate - The expected rate of increase in medical cost is based on a graded
schedule beginning with 8% annually, down to an ultimate annual rate of 5.0% for ten years out and
later.
Mortality rate - The 1994 Group Annuity Reserving (94GAF) table, projected to 2002, based on a
fixed blend of 50Vo of the unloaded male mortality rates and 50% of the unloaded female mortality
rates, is used. This is a recently published mortality table which has been used in determing the value
of accrued benefits in defined benefit pension plans. Projected future mortality improvement has not
been used since it is our opinion that this table contains sufficiently conservative margin for the
population involved in this valuation.
Method of determining value of benefits - The value of benefits has been assumed to be the portion
of the premium after retirement date expected to be paid by the employer for each retiree and has
been used as the basis for calculating the actuarial present value of OPEB benefits to be paid. The
retiree pays for 100% ofthe cost ofthe medical insurance for the retiree and dependents (except for
the incentive retirees), but it is based on the active/retiree blended rate. Therefore, there is an
implicit employer subsidy since a portion of the active/retired blended rate is attributable to the
retiree coverage. Since use of unblended rates is required by GASB 45 for valuation purposes, we
have estimated the unblended retiree total rate before age 65 to be 130% of the blended rate. The
employer cost is then the difference between this total unblended rate and the portion paid by the
retiree, ifany. Retiree coverage ceases atage65.
6r
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30. 2OI4
Inflation rate - Included in both the Investnent Return Assumption and the Healthcare Cost Trend
rates above is an implicit inflation assumption of 2.50% annually.
Projected salary increases - This assumption is not applicable since neither the benefit structure nor
the valuation methodolory involves salary.
Post-retirement benefit increases - The plan benefit provisions in effect for retireees as of the
valuation date have been used and it has been assumed for valuation purposes that there will not be
any changes in the future.
NOTE IO - CONTINGENT LIABILITIES:
The City has received federal and state grants for specific purposes which are subject to review and
audit by the grantor agencies. Such audits could produce requests for reimbursements to the grantor
agencies due to the disallowance of expenditures pursuant to the terms of the grant. It is the opinion
of the City that such disallowances, if any, would not be material.
The City is a defendant in various lawsuits. Although the outcome of these lawsuits is not presently
determinable, in the opinion of the Crty's counsel, the resolution of these matters will not have a
material adverse effect on the financial condition of the City.
NOTE I I . RISK MANAGEMENT:
The City is exposed to various risks of losses related to tort; theft of, damage to, and destruction of
assets; erors and omissions; natural disasters; injuries to employees; and self-insured employee
health. The City purchases commercial insurance for property, general liability claims, and title
insurance and has effectively managed risk through various employee education and prevention
programs. All risk management activities are accounted for in the general fund.
The City has estimated that the amount of actual or potential claims against the City as of
September 30, 2014, will not materially affect the financial condition of the City. Settlement
amounts have not exceeded insurance coverage for the current year or the three previous years.
62
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30. 2OI4
Employees' medical insurance fund - The City maintains the employees' medical insurance fund (an
internal service fund) to account for and finance its uninsured risks of loss. Liabilities of the fund are
reported when it is probable that a loss has occurred and the amount of the loss can be reasonably
estimated. Liabilities include an amount for claims that have been incured but not reported
(IBNRS). The result of the process to estimate the claims liability is not an exact amount, as it
depends on many complex factors. The estimate of the claims liability includes amounts for
incremental claim adjustments related to specific claims and other claim adjustments regardless of
whether they are allocated to specific claims. Estimated recoveries are another component of the
claims liability estimate. An excess coverage insurance policy covers individual claims in excess of
$100,000. Changes in the balances of claims liabilities during the year are as follows:
EMPLOYEES' MEDICAL INSTJRANCE
FUND 20r4
Unpaid claims, beginning of fiscal year
Incurred claims (including IBNRs)
Claim payments
Unpaid claims, end of fisc al year
2013
$ 171,000 $ 128,300
3,349,A42 2,931 ,01 I
(3,336,042) (2,888,3 l8)
171,000184,000
NOTE 12 - RELATED PARTY TRANSACTIONS:
The City Council appoints members of the Water Works Board of the City of Prattville. The City
utilizes the Water Works Board of the City of Prattville as the collection agent for the sewer and
sanitation collection fees. The City recognizes revenue for services when billed by the Water Works
Board of the City of Prattville. The amount receivable to the City for sewer and sanitation collection
fees at September 30,2014 was $559,252.
The City imposes a 3% license fee on gross water receipts. The 3% fees are collected by the Water
Works Board of the City of Prattville from charges to water customers on their monthly water bill
and remitted to the City annually on January 1. The receivable from the Water Works Board of the
City of Prattville for license fees at September 30, 2014 was $ 13 1 ,7 I 1 .
On May l, 2006, the City of Prattville, Alabama entered into a lease agreement with the Historic
Prattville Redevelopment Authority, a component unit, to lease a building on West 4fr Street. The
term of the lease is five years with quarterly rent payments of 58,183. For the fiscal year ended
September 30, 2014, the City appropriated $165,000 to the Historic Prattville Redevelopment
Authority which includes Crty's obligation on the quarterly rent payments plus an operating subsidy.
As of September 30, 2014, the City owed $165,000 to the Historic Prattville Redevelopment
Authority.
The City appropriated $265,000 to the Library and $110,000 to the Airport Authority, component
units, during the fiscal year ended September 30,2014. As of September 30,2014, the City owed
$13,897 to the Airport Authority. These appropriations made were, or will be used, as operating
subsidies.
63
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30.2014
NOTE 13 . FUNDING AGREEMENT:
On September l, 2006, the City of Prattville, Alabama entered into a funding agreement with the
Cooperative District of the City of Prattville (the District), a public corporation, simultaneously with
the District's issuance of Limited Obligation Taxable Economic Development Bonds (Bass Pro
Project), Series 2006 which were used to finance the acquisition, construction, and installation of a
retail shopping center and related improvements in the City of Prattville, Alabama. The funding
agreement provides that the City agrees to collect certain taxes on persons, firms, and corporations
which sell at retail certain tangible personal property (excluding automotive vehicles) in the area
owned by the District. Pursuant to the funding agreement, the City will collect and remit to First
Commercial Banlq the trustee of the District's bond indenture, an amount equal to2.5Yo of the gross
proceeds of such sales through the earlier date of September 2026 or full payment of bonds. The
Limited Obligation Taxable Economic Development Bonds (Bass Pro Project), Series 2006 do not
constitute an obligation of the City of Prattville, Alabama.
ln December 2008, the City of Prattville, Alabama entered into a funding agreement with The
Exchange Cooperative District (the District), a public corporation to provide assistance in connection
with proposed financing, construction, and installation of a retail shopping facility and related
improvements in the City (the Project). The funding agreement provides that the City agrees to
collect Project sales tax revenues and remit 50% of the City's actual receipts from the businesses
located within the Project to fund the indebtedness of The Exchange Cooperative Disfrict. Payments
under the agreement shall be made directly to the Trustee for the account of the District, if requested
by the District; otherwise, all payments shall be made to the District or to the District Director. The
maximum amount shall be the aggregate amount necessary to amortize $9,000,000 over thirty (30)
years at an average yield. The average yield is the annual cost of any credit enhancement or
remarketing fees expressed as a percentage, plus the average yield of the District's ta:r-exempt
indebtedness, if any, or if no tax-exempt indebtedness is outstanding, the average yield of all of the
indebtedness of the District, in the event the indebtedness is refinanced or fully satisfied. The City
shall have no obligation to make any payment from any other sources. Any indebtedness issued by
The Exchange Cooperative District does not constitute an obligation of the City of Prattville,
Alabama.
NOTE 14 - COMMITMENTS:
The City has a contractual commitment with the Autauga County Commission for the funding of the
metro jail facility. The contract provides for annual payments of no less than $325,000 for a period
of 20 years. Monthly payments on the commitment commenced when the facility became
operational in July 2004. These annual payments include facility rental payments of $160,000 and
operating cost of a minimum of $165,000. The City paid a total of $376,435 during the fiscal year
ended September 30, 2014.
The City entered an agreement to support the indebtedness incurred to finance property of the
Historic Prattville Redevelopment Authority with an annual allocation in the event that the lease
arrangements on the financed properly prove not to be financially viable. The initial loan balance on
the propertytotaled $252,200. The loan balance as of September30,2014 was $138,626.
64
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCTAL STATEMENTS
SEPTEMBER 30. 2014
On March 30, 2009, the City entered into a contract with an engineering company to provide
engineering services related to the widening and resurfacing of McQueen Smith Road from South
Memorial Drive to Cobbs Ford Road. The contract amount is $642,704. This cost of the contact is
federally funded at80% up to $520,000, and the remainder is to be paid from the Crty's funds.
As of September 30, 2014, commitnents to contractors on capital projects are as follows:
Commitments
Spent-to-date
Remaining commitments
$ 723,726
(560,085)
$ 163,641
-
NOTE 15 - EFFECT OF NEW PRONOIJNCEMENTS:
Management has not currently determined what, if any, impact implementation of the following
statement may have on the financial statements of the City.
The GASB issued Statement No. 68, Accounting and Financial Reporting for Pensions.
This Statement seeks to improve accounting and financial reporting by state and local
governments for pensions. It also improves information provided by state and local
governmental employers about financial support for pensions that is provided by other
entities. This Statement requires the liability of employers and nonemployer confributing
entities to employees for defined benefit pensions (net pension liability) to be measured as
the portion of the present value of projected benefit payments to be provided through the
pension plan to current active and inactive employees that is attributed to those employees'
past periods of service (total pension liability), less the amount of the pension plan's
fiduciary net position. The requirements of this statement are effective for the periods
beginning after June 15, 2014. This Statement will be adopted during the year ended
September 30, 2015. The impact of the new standard has not been determined; however, it is
anticipated that it could result in the accrual of a significant liability in the financial
statements.
The GASB issued Statement No. 69, Government Combinations and Disposals of
Government Operations. This Statement will improve accounting for mergers and
acquisitions among state and local governments by providing guidance specific to the
situations and circumstances encountered withing the governmental environment.
Requirements of this Statement are effective for financial statements whose fiscal year
begins after December 15, 2013. This standard will be adopted during the year ended
September 30, 2015. This Statement is not anticipated to have any significant impact on the
City.
65
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30.2OI4
The GASB issued Statement No. 71, Pension Transition of Contributions Made Subsequent
to Measurement Date. The objective of this Statement is to address an issue regarding
application of transition provisions of Statement No. 68, Accounting and Financial
Reporting for Pensions. The issue relates to amounts associated with contributions, if any,
made by a state or local govemment employer or non-employer contributing entity to a
defined benefit pension plan after the measurement date of the government's beginning net
pension liability. Requirements of this Statement are effective for financial statements whose
fiscal year begins after June 15,2014. This standard will be adotped during the year ended
September 30,2016. The impact of the new standard has not been determined.
NOTE 16 - STJBSEQUENT EVENTS:
On December 29,2014, the Historic Prattville Redevelopment Authority, a component unit of the
City, purchased the Continental Eagle cotton gin factory in Prattville, Alabama for approximately
$1,700,000. Debt service payments on the purchase will be made through annual appropriations from
the City.
NOTE 17. CHANGE TN ACCOUNTING PRINCIPLE:
In fiscal year 2014, the City implemented Governmental Accounting Standards Board (GASB)
Statement No. 65, Items Previously Reported as Assets and Liabilities, which establishes accounting
and financial reporting standards that reclassifu, as deferred outflows of resources or deferred
inflows of resources, certain items that were previously reported as assets and liabilities.
66
CITY OF PRATTVILLE. ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30.2OI4
NOTE 17 - CHANGE IN ACCOIJNTING PRINCIPLE: (continued)
One of the requirements of Statement No. 65 was that debt issuance costs must be recognized as
expense in the period incurred. The implementation of Statement No. 65 resulted in the restatement
of the beginning net position of the governmental activities in the government-wide financial
statements. The deferred charges for issuance costs were restated as an expense of prior periods and
resulted in the adjustment below:
GOVERNMENT.WIDE
FINANICIAL STATEMENTS
NET POSITION
AS ORIGINALLY NET POSITION
STATED ADJUSTMENTS AS RESTATED
Governmental activities :
Unrestricted
Change in reporting for deferred
charges for debt issuance costs
Total governmental activities
Business-type activities :
Unrestricted
Change in reporting for deferred
charges for debt issuance costs
Total business-type activities
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
$ 7 ,67 1,7 54 $ 7 ,671,7 54
$ (964,405) (964,405)
7,671,754 $ (964,405)6,707,349
6,7 55,17 5 $ 6,755,175
$ (22,66tr (72,661\
$ (72,661\ L 6,682,5146.7 55.17 5
NET POSITION
AS ORIGINALLY NET POSITION
STATED ADJUSTMENTS AS RESTATED
Wastewater:
Unrestricted
Change in reporting for deferred
charges for debt issuance costs
Total wastewater
$ 5,506,957
$ 5,5A6,957
$ 5,506,957
$ (72,661\ (72,661\
The September 30, 2013 change in net position of the governmental activities and business-type
activities was decreased by $35,929 and$4,202, respectively, due to the application of this standard.
Accordingly, the balances of $928,476 and $68,459 reduced net position of governmental activities
and business-type activities, respectively.
67
REQUIRED SUPPLEMENTARY INFORMATION
CITY OF PRATTVILLE, ALABAMA
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF FUNDING PROGRESS OF THE CITY'S DEFINED BENEFIT
PENSION PLAN
LAST THREE FISCAL YEARS
ACTUARIAL
ACCRUED
ACTUARIAL LIABILITY UNFUNDED
UAAL AS A
PERCENTAGE
OF
ACTUARIAL
VALUATION
DATE
September 30, 20ll
September 30, 2012
September 30, 2013
$ 29,406,664 $ 42,166,299
29,7 52,154 40,7 60,572
32,730,300 45,194,572
VALUE OF (AAL)AAL FUNDED COVERED COVERED
ASSETS ENTRYACE (UAAL) RATIO PAYROLL PAYROLL
(a) (b) (b-a) (db) (c) (b'a)/c)
$ 12,7 59,635
I 1,008,4l 8
12,464,272
69.7% $ 13,A66,762
73.UYo 12,341,426
72.4% 12,849,845
97.60/o
89.20/o
97.0%
68
CITY OF PRATTVILLE, ALABAMA
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF FUNDING PROGRESS OF THE CITY'S
POST-EMPLOYMENT BENEFITS OTHER THAN PENSIONS
LAST THREE FISCAL YEARS
ACTUARIAL
ACCRUED
ACTUARIAL LIABILITY LTNFUNDED
UAAL AS A
PERCENTAGE
OF
ACTUARIAL
VALUATION
DATE
September 30, 20ll
September 30, 2012
September 30, 2013
VALUE OF (AAL)AAL FLTNDED COVERED COVERED
ASSETS UNIT CREDIT (UAAL) RATIO PAYROLL PAYROLL
(a) (b) (b-a) (/b) (c) (b'a/c)
-0- $
-0-
-0-
2,969,079 $ 2,969,078
3,848,992 3,848,992
4,002,952 4,002,952
0.0% $ l3,l l0,l 14
0.0% 13,570,036
0,00 13,721 ,3 I 9
22.65%
2836%
29j7%
69
SUPPLEMENTARY TNFORMATION
STATISTICAL SECTION
This part of the City of Prattville, Alabama's comprehensive annual financial report presents
detailed information as a context for understanding what the information in the financial statements,
note disclosures, and required supplementary infonnation says about the City's overall financial
health.
CONTENTS
Financial trends
These schedules contain trend information to help the reader understand how the
City's financial performance and well-being have changed over time.
Revenue capacity
These schedules contain information to help the reader assess the factors affecting
the City's ability to generate its sales taxes.
Debt capacity
These schedules present information to help the reader assess the affordability of the
City's current levels of outstanding debt and the City's ability to issue additional debt
in the future.
Demographic and economic information
These schedules offer demographic and economic indicators to help the reader
understand the environment within which the City's financial activities take place and
to help make comparisons over time and with other governments.
Operating information
These schedules contain information about the City's operations and resources to
help the reader understand how the City's financial information relates to the services
the City provides and the activities it performs.
PAGE
70
79
75
83
85
Sources: Unless otherwise noted, the information in these schedules is derived from the
comprehensive annual financial reports.
CITY OF PRATTVTLLE, ALABAT{A
SCHEDULE I
NET POSITION BY COMPONENT
(accnral basis of accounting)
2W7 2008 2009 2010 20tl
$ 200J01 $ r,747,516 S 232U,r26 5262s2,s9 S 27913,767 $ 2t,l97pl9 $ 33,1,14,191
2,670,892 12,053,513 6,9tt,387 6,238,962 3,761,59E 85 r251 653,478
(477,s2r) (29,514,316) (28,162,v24) (42,37E,7ffi\ {44,366',9&l (6,256,970\ (4228,,3791
s2.3s3.372 $ (t5.7132E7) $ 2,034,5E9 $ (9,tt7,139) $ (t2,691,595) $(17203,700) s GJAl,ztOi
2005 2M 2012 2013 2014
$ 31,4W291 s 36,021,544 $ 36,57E,653803,180 901,190 975467
(35,254,724\ (30215,3E5) (24,140,154)
$ (3,051253) $ 6,707,349 $ 13,413,966
GOVERNMENTAL ACTIVITIES:
Net investnent in capital assets
Restricted
Unrestricted
Total govemmental activities net position
BUSINES S-TWE ACTIVTTIES :
Net investrnent in capital assets
Unrcstricted
Total business-type activities net position
PRIT,IARY GOVERNMENT:
Net investnent in capital asse8
Restricted
Unrestricted
Total primary government activities net position
$ 3,751,152 $ 4236,099 $ 4,402,&3
1,467,A34 2146,415 3,2t1,U2
$ -$ -$ -$ -J -$ -$ -::
-
t 200,301 $ 1,747,516 S 232K,126 t26252,59 S 27913,767 $ 2E,197,019 $ 33,1'l4,l9l
2,670,892 12,053,513 6,911,387 6,238,962 3,761,598
(477,t2r) (29,st4,316\ QE,r62924) (42,37t,7w\ (,14,366,960) (&2s6970t (422t2,37e1
s2,393372 $ (r5,7132r?) $ 2,034,st9 $ (e,887,t39) t (12,691,595) $(1720t,700) $ (t3t4,710)
$ 5,218,186 $ 6,682,514 $ 7,684,485
$ 35,151,M3 $ 40,257,93 $ 40,981,296
E5l,25l 653,478 803,180 901,190 975,467
(33,787,6W\ (27,76E,970) (20,85E,312)
$ 2,166,933 $ 13,389,863 $ 21,098,451
{o
Notc: Periods pior to 2013 have not becn retroactively resBt€d for th€ impoct of Stat€mcnt No. 65 of thc Govemmental Accounting Sandards Board:
Ircns Previouly Reported as Assets @td Liobilities.
{
GOIY-ERNMENTAL ACTTVTTIES
E)OENSES:
Governmenal activities :
Crqteal government
Public safety
Public worla
Cultural and recreational
Interest on long-term debt
Toal governmental activities ereens€s
PROGRAf,{ REVENUES:
Governmental activities:
Charges fq scrviccs:
Creoeral govsrnm€nt
hrblic saf*y
Public works
Cultuml and recreatisrd
Operating grants and contributions
Capital grants and contributions
Total governmental activities program revenues
Total primary govemment net expensc
GENERAL REVEN{,JES AND OTHER CHANC'ES IN NET POSITION:
Governmental activities:
Tanes:
Sdes taxes
Real and posonal prop€rty taxes
Mou fuel toces
Lodging to<es
Local gasoline tores
Alcoholic beverage tarces
Rental taxc
Tobacco tar(er
Excise ta:res
Intergovernmental
Invctrnent earnings
Mscellaneour r€rrenue
Gain (oss) qr sale of capiut assets
Transfers
Total governmental activities gencral revenues
and othcr changes in nct pooition
Totd governmental activities change in net pmition
CITY OF PRATTVILLE, ALABAT,IA
SCHEDIJLE 2
CHANGES IN NET POSMON
(accrual basis of accounting)
2005 2W 2W7 2008 2009 201I 20t2 20t3 20t4
t4:3t,631 34,861,2,14 3s,35qm8 t6,?6s,361 $E,ocl,?,to tg,rU,rlz t6,9E4,318 16,t6t,707 $6,649,tm t7,250,2?|,
12,4t5,123 tl,a\83 ll,6to,7u t3,c2E,7t3 13,/ol,4t7 r4,719,t27 13,369,083 ta9lt,7ol 14,! l5Bl | 14,094,661
6,033,291 25,At,48 6,5rlt,ll5 20,541,t04 8,m5,500 a,755,792. 7,235,& 3,518,015 3,7t3,761 5,1tO,698
4362,297 1@tt474 a381,700 \sc\31s 2,s49AEo 44e,ru 2,&o,&2 r,76,95t I,t30,3?6 1,980,775
66,591 1,188,3t5 ZU7.2t3 2,327,227 2,445,tU 2,585,ffi 2,&,545 2t91W I,v^,9O7 1,727,232
25,72s,93s 45,Vr3,A5 27,937,?& 4s,r6/.,780 34,495,161 37,634,6t5 32,t29,W2 &!g 2t,27r,755 tO,233,&5
3,5EOJI3 3,g3g,m 4,554,Ot5 5,1&t,t65 4,901,819 4,574,9v3 4,990,89,1 5,351,940 5,525,W 5,499,156
l,3l0,t3l 1,417,90 1,,164,651 t,781289 I,ml,E53 r2A73A 1,553,044 l,5l?,963 1,66t,549 r,7o9,921
2,993,596 3,219,936 3,969,?9t 3,9902(b 3,9t,435 4,412,6E9 5,40O,6tO 2&,74
209,831 2?6.iffi 303,580 3l8,gl 26t,429 261W 238219 2t4,t99 209,CI 251,562
5,252 l,0t5,Ci5 3t5,Ot3 46OJ08 313,&), 206,:16l l9t,703 ll\Ol2 2A,ffi 71,025
1245,57a \ s,tu 2,gJ7,W 2,t22,69 5,t47,250 a65t,54t 4,641,690 1,417,033
8,359,823 9.818,819 12,022775 t3,il9,959 1\&4,941 t1,t69'37t 18.223,t50 10,l/(),106 JW E.948,697
(17,366,1 12) (35,254,8:15) (15,9r4,9t5) (31,5r49r r) (2r,t50,2il1 (24,46,s,r57\ (13,906,142) (17,127,33) (16,009.578) (21,284,948)
I 1,580,120
1,638,862
242,684
1,039,030
849,691
298,4U
243,419
134,507
54,098
15,357
165,793
772,83A
(lqzol)
13,18t,413
2,213,782
239,89|1
1,185,871
E74,676
279,493
228,743
135,752
72,lEl
9,O92
232,387
872,896
21,n1,765
2,690,055
l,&7,626
941,261
40E,gfl)
346,089
134,656
65,949
l&,9&
359,099
54,747
I1,876,995 12,553,ffi
1,798,544 2,65,975
242,416 243,557
1,075,989 1,18y'.,254
912,030 822,55E303,214 217,260
277,380 293,337
137,247 137,009
14f,969 97,585
24,228 17,753
182,995 ffi,767
742,W 530,544
13,221,492 14,139,501 16,691,014 19,736,422 20,602,498
2,481,450 2,500,129 2,545,751 2,68t,777 2,651,051
238,361 240,547 239,616
1,012,104 1,063,67 1,090,108 1,025,328 l,2A\424
913,279 899,562 8E6,135 898,009 906,939281,722 286,497 291,914 295,533 311,045
247,575 239,858 300,750 326,620 3l5,l9l
147,4n '49J,22 155,641 155,396 14\723
67,061 18,972 16,&7 1t,749 70,81?
9,159 161,534 153,240 286,883
39,410 42,318 32,621 26,685 69,67
3E6,661 206,845 226,695 476,471 625,501
(3,374,093) (2o0,ooo)
17,015,664 17,716,013 18,t682$ lqs93,l83 19,(X5,764 _J:e$rq 22,630,132 Z2,s@,7sO 26,696,656 2t,035,U1
s also..8) f/t?518rt1r 3 ,r{12r? _!4Il?1 7r3} 3 arro1456r s /15r?rosr 3 r78rqo 3 5.133.15? S 10.5t?.0?t S 6.750.153
{t\)
BUSINES S-TY?E ACTIVTTIE S
E)PENSES:
Sanitation
Wast€wat€r
Tcd business-typ€ aaivities er(penses
REVENUES:
Charges for services.
Saniation
Wastewater
Cepitel grants and conributions:
WasteqNatcr
Total business.typc ac-tivities revcnucs
Total business-typc aaivitia nct prqgram rev€nue
OTHER CI{ANCIES IN NET ASSETS
Mscellaneqrs rwenue
Transfers
Total business-type activities change in net position
Toul primary government change in net position
Notc: BsirctyF &riviti6 Fi6 to 2012 w Mtrd f6 u gdcmcntel rcrivitiq.
Ncic: P6iodspriqto20t3harcaotbenrcauaivdyromcdfcttrcinpaaofstrlqrotNo.6sdthccffin@tslAmndngStrndardsBud:
ItGtr PsiulyRrporod c Ar*a udUabilitie.
CITY OF PRATTVILLE, ALABAT{A
SCHEDI,JLE 2
CI{ANGES IN NET FOSITION
(accrual basis of acco,rnting)
2005 2006 2008 2W9 2010 201 I 2013 2014
$ 2,069,31t $ 2,230,497 $ 2,463,315
2,515,354 2,170,077 2,163,675
4,5U,672 5,000,574 5,226,99t)
2,392,771 2,447,844 2,452,49E
3,874,248 3,851,668 3,7?9,267
160,324 30,401
6,427,343 6,329,913 6,181,365
1,w2,67t _ 1,329,339 954,375
rA22 3,44E 5,055
3,314,093 _ 200,m
3,375,515 _ 203,448 5,055
t - t - $ - s - s - $ - $ - l5'21t,186 $!l!2\4$ 959,430
--
_:_ rlM r/t"{rrrr?r r ,g::12? srrr rrf ?rsl s {rso445d s (4.!.!Z!9:!__!_9.78.em__!_10.65t.643__@99:__!_2J91!!i_
GENERAL FUND:
Reserved
Unreserved
Nonspendable
Restricted
Committed
Assign€d
Unassigned
Total general fund
ALL OTHER GOVERNMENTAL FUNDS:
Reserve4 reported in:
Capial projects fund
Reserve4 reported in:
il Debt service fund
Unresend reported in:
Special revenue funds
Unreseroe4 reported in:
Debt service fund
Unreservd rcported in:
Capitat projects fund
Nonspendable
Resticted
Committed
Assigld
Unassigned
CITY OF PRATTVILLE, ALABAI\{,A
SCHEDULE3
FI,JND BALANCES OF GOVERNMENTAL FI'NDS
(modified accnul basis of accounting)
2oo5 2W 2@7 200E 2W 20lo 20ll 2ol2 2013 ml4
I tJ77,rr4 $ 2,03t204 $ 944,030 $ I,lEl267 I I,(X3,077 s t2r,293(r,42e)s7\ (1,370,935) (s4s,4Q) Q44,s77) (316517) (23r3,2u)
$ 159,850 $ 98,908 $ 102,322 $ 114,704
653,47t 2A4,694 280A24 348,192
12,185 2,567,260 3,381,590 4,E55,104
172,653 1235,310 261,383 46E,E3E
550,285 1,099,168 3,053J54 _lj1191l
] 347js7 s 6f,o,26s $ 3e8,588 t 11!,690 S 726,5& $(l,49lB9r) S 1,s48I51 $ s205340 i79'n273 $11,429,t49
$ ffi.592 $ 6,176,905 j 2,@7,652 s 2,sr0352 $ 2J71,105 s 6lE,86t
2554,175 1,060,466 1,192,527 858J97 t0,l7E
tt,l5t 326,192 311,735 63,082 373,558 566.257
2fr,tm 258,m9 255,061 (61,295) 169,55t
2,053,r0o 2,%4,424 2A4s,873 2171,8E6 2s25t (357t85)s 229e
$ 480,627 S 598186 $ 620,76 67o,E2E20,573 305,771503290 t01,56
I
-
1od.r.'hrdq!6rnla :19!4_ _r_gi2sg- llg4 ljlg- _!l,7'1E lg4!- _!___@ _!___!ars- LlJ!!4- -!-l@
liLr P..ton Fi.r. ,r I hv. dDa nft-dldy nd.d 6.lb iold of &6.d Na 5,r.fib. G@ualr A@!d!s sd ldn
Ibd Be 14..n!t ad t C@dllddIyFD.dtilb.
CITY OF PRATTVILLE, ALABAI\,TA
SCHEDTJLE 4
CHANGES IN FUND BALANCES OF GOVERNMENTAL FT.JNDS
(modified accrual basis of accounting)
2005 2006 2007 2008 2W9 2010 201I 2012 2013 2014
$16pE0,s95 $r6,770,7U jr7$7s,r44 $13,478,809 S18,610,534 $19,537,355 522,217,576 $25,t44,E34 S26,201,688 S 27A56,301
3,580J13 3939,277 4,654,085 5,183,865 4,901,819 4,874,993 4,990,E94 5,351,940 5,525,U7 s,499,1s6
2$,6A9 78A,sO2 222,043 302,118 343,156 2t7,7}r ls3240 54t280 I,103,096 1,428,058
4,177,380 4,5ll,611 53t9AZ0 5,493,106 4905,6s2 5,564,563 6,655,70s 1,223,88E r,2U,7sO t,392,ss6336,E7E 352,896 418,609 s37,086 4t6,065 4N,692 536298 s32,321 630,728 614,714
644,772 232,387 39,410 u,844 32,621 26,685 67,371 164,250
938,6t3 t,t70,940 849,160 t,l97,t6l 1,109,616 1,099,914 908,449 1,067,962 1,030,355 95,{,?E42s,394,688 27,s26,0r0 29,783,233 31,424,s32 30,396,252 31,740,062 35,494,7t3 33,895,910 35,843,835 36812,019
{5
REVENUES:
Taxes
Licenses and permits
Intergovernmental revenues
Charges and fees for services
Fines and forfeitures
Interest
Miscellaneous
Total revenues
E}GENDITURES:
Unreserved, reported in:
Current:
General governmental
Public safety
Public works
Cultural and recreation
Capital outlay
Debt service:
Principal payments
Interest and fiscal charges
Bond issuance costs
Total expenditures
Excess of revenues over (under) expenditures
oTrmR FTNANCTNG SOURCES (USES):
Transfers in
Transfers out
Transfers to component units
lssuance of bonds
lssuance of refunding bonds
Issuance of notes payable
Proceeds from capital lease
Payment to refunded bonds escrow agent
Sale of capital assets
Bond premium (discount)
Total other financing sources (uses)
Net change in fund balance
Debt service as a percentage of noncapital expenditures
4,161,340
I1,665,559
5,613,345
1,780,612
2,193,165
4,825,371 5,261,945 6,280,215 6,318,533
11,141,574 I1,153,949 12,746,727 12,989,658
24,664,571 5,588,300 18,984,015 7,182,300
|,796,512 2,005,573 2,152,013 2,488,332
2,493,938 8,505,999 3,756,955 2,811,090
7,537,961 5,973,871 5,757,564
14,023,058 12,712,387 12,346,346
8,007,685 6,519,457 3,332,2072,371,770 1,749,355 1,434,3093,290,520 478,136 379,900
5,039,571 5,931,830I1,852,136 11,731,292
3,210,261 4,18y'.,523
1,436,057 1,565,747
1,769,645 1,709,945
1,476,500 2,599,045 1,418,665650,279 650,342 1,917,209
4,461,246 32,254,124
(4,461,246\ (32,254,124)
(302,350)
30,470,000
625,000 625,000
157,792
4,979,825 16,586,498 7,276,949 3,149,228
(4,979,825) (16,586,498) (7,276,949) (3,149,228)
15,300,000 1,621,373 2,670,000
6,315,000
136,099 1,000,000 300,000 5,637,303
307,808 451,767 930,760 260,000
(6,322,926)
2,941,830
1,750,499
5,525,97A 4,610,138 5,215,833 4,896,087
(5,525,970) (4,699,055) (9,361,585) (7,M4,464)
9,815,000 9,955,000
(9,434,619) (10,067,843)
1,445,912 1,816,556 2,331,364 9,073,190 4,070,296 4,011,121
2,158,816 2,430,712 2,465,127 2,492,666 2,230,996 2,165,133
_ 741,010 _ 366,450 _ ztl,4tt E3,464 93,7E2
2?,540,800 48,912,363 _ 35,851,640 47,891,103 36,037,181 40244,896 38,999,062 29,551,618 29,567,388 2990940E
(2,r46,tr21 (21,356,353\ (6p68,407) (16J66,s7r) (5,640,929) (E,504,834) (3,sO4,2791 4,344,292 6,276,447 7,402,611
2,586_ 480,?46 _ (87,428) _na!J_ (m,Yn\ 2ms2s
4E3,02E 3t,575,746 307,808 15,800338 3,552,133 3,395,815 5,637,303 (88,917) (3,E56370) (2,074,595)
sfl-663-084) $10-189.393 $(5.750.59e) $ (666.133) $(2.088.796) $(5.109.019) $ 2.133.024 $ 4,25s,375 j 2,420,077 $ 4,928,016
8.39o/o 8.600/o 12.20%9.00o/o 12.78o/o 13.574/o 30.02%21.60%22.52o/o 16.97Yo
CITY OF PRATTVILLE, ALABAIVI{
SC}IEDI.'LE 5
NET TAXABLE SALES BY CATEGORY
2005
$ 45,541,,937
78,477,260
90,016,728
59,626,869
4,599,982
44,164,704
8,639,890
?aM
$ 44,070,516 $
79,119,351
78,357,966
63,443,394
5,138,448
2007
44,057,973 $
75,830,662
74,734,128
62,844,097
2008 2009
49,891,510 $ 61,766,37370,156,573 73,331,24465,384,586 46,030,674
2010
$ 72,438,782
58,984,572
1,512,332
62,888,874
20,566,253
39,128,465
22,447,212
71,839,635 77 ,7w,2ll
201I 20t2 201,3 20t4
$ 91,049,639 $ 78,698,228 $ 78,722,M9 $ 78,062,472Apparel stores
Food stores
Automotive
Manufacturing machine
Restaurants
Home furnishings and appliances
Building materials
Service stations
Other retail stores
Totals
City direct sales tax rate
Source: City's Finance Departrnent.
1,225,203
51,658,420
48,684,662
2l,761,093
1,813,517
53,838,468
21,877,677
39,460,896
22,983,026
63,159,678
|,512,272
17,869,458
41,682,202
21,425,351
76,108,625
62,669,770
1,855,136
17,145,73Q
40,414,350
15,120,821
77,168,242
68,449,774
2,025,097
83,073,365
16,256,815
42,467,529
19,967,285
80,331,913
72,277,636
16,665,87 5
99,976,397
15,752,779
42,313,77L
17,757,144
69,407,860 72,159,819
6,693,246 13,638,375
44,491,167 36,036,047
9,765,852 [0,784,193
111,509,853 118,363,518 t49,544,076 256,892,888 2U,770,66 262,697,325 2ffi,079295 253,682,787 259,689,798 256,775,123
g u2,577,223 g u2,7so2t2 $ 460,s24A22 $ 579,293,310 3 56!,q72,561 $ 612,503,,150 3 639,8E9,966 $ 617,855,265 S &7,820,3s4 $ 579913,109
2.50o/o 2.5OYo 2.50%2.50Yo 250%2.50% 3.50Yo 3.54%3.50% 3.50o/o
{(.rl
CITY OF PRATTVILLE, ALABAMA
SCHEDULE 6
SALES TAX REVENUE PAYERS BY CATECORY
FISCAL YEARS 2OO4 THROUGHaOI4
2012 2A13 20t4
NUMBER
PERCENTAGE PERCENTOF
OF TAX REMITTED NUMBEROF TAX TOTAL TAX BY TOP TEN OF
FILERS LIABILITY LIABILITY TA)(PAYERS FILERS LTABILITY LIABILITY TA)(PAYERS FILERS LIABIL]ry LhBILITY I4OA,YERS
PERCENTAGE PERCENT OFOF TAX REMITTED NUMBERTAX TOTAL TAX BY TOPTEN OF
PERCENTAGE PERCENTOFOF TAX REMTTTEDTAX TOTAL TAX BY TOP TEN
Apparel stores
Food stores
Automotive
Machine
Restaurants
Home furnishings and appliances
Building materials
Service stations
Other retail stores
Totals
20 $ 2,754,4388 2,663,802
313,349
13,91381 2,525,59412 600,101g 1,414,502
25 529,229 2.500/o
13.0 t% 10.30%l2.58%o l2.l4o/o
1.48o/o
A.07Yo
11.930
2.83% 2.23%
6.68% 6.410/o
22 $ 2,755,2868 2,700,888
13.01% 8.90o/o
12.760/o ll.50o/o
1.620/o
0.070/0
t3.73%
2.69% 2.0ff/o7.02o/o 6.300/o
3.30o/o
22 $ 2,732,1878 2,811,61722 361,38823 124,994107 3,499,174
l2.9lo/o 5.49o/o
13.28o/o ll.62oh
l.7lYo
0.59o/o
t6.s3%
2.600/o l..8lo/o
7.00o/o 6.06%
2.94Vo
23
2l
23
22
342,249
15,188
931 8,878,898 41.94y. 6.1501o 931
--19!9J1:-
42-936/o 9-l0o/o l,l8l 8,987,129 42.45o 10.507o
_lJ2__Ugg21g_ g?.0%
2009
g5 2,907,568
t2 568,989
I 1,486,364
25 698,855
1,136 $ 20-564,530 97.l4yo
2010
lt 551,3478 1,480,98225 621,500
_Jg__$_2.Ul9J!__ too.oo%
201I
{o\
NUMBER
OF
l4
8
24
22
89
t2
8
30
980
$ 1,544,L59
1,833,281
230,153
13,601
1,345,962
546,942
996,522
574,576
6,L19,267
17 $ 1,810,970
8 1,795,99127 294,92325 11,342
17 $ 2,300,0088 2,2CI5,07227 315,798
25 LL,342
PERCENTAGE PERCENTOFOF TAX REMITTED NUMBERTAX TOTAL TAX BY TOPTEN OF
PERCENTAGE PERCENT OFOF TAX REMITTED NUMBER
TOTAL TAX BYTOPTEN OF
PERCENTAGE PERCENTOFOF TAX REMITTEDTAX TOTAL TAX BY TOPTENTAX
FILERS LIABILITY LIABILITY TAXPAYERS FILERS LI.ABILITY LIABILITY TA)$AYERS -FILERS LIABILITY LIABILITY TA)(PAYEts$
Apparel stores
Food stores
Automotive
Machine
Restaurants
Home furnishings and appliances
Building materials
Service stations
Other retail stores
Totals ___1,!!L lJJJ9llg3_ 100.00%
3.6s%8 978,212 6.94%29 561,180 3.980i.ol0.7Uo/o ?f!_ 6,565,423 46.54Yo
l,l8o $ 14,104,419 lo9.oo%
ll.Taoh
13.89o/o
1.74o/o
0.10%
r0.20%
4.ls%o
7.48o/o
4.35o/o
46.39Vo
8.49o/o
12.25o/o
2.54Vo
6.74o/o
90 1,572,222 I l.l5%12 514,156
95 1,969,644
12 507,095
8 1,182,E48
28 608,003
13.81% 7.690/o
13.24o/o ll.97o/o
l.No/o
0.07o/o
I1.83%
3.05o/o 2.18o/o
7.10o/o 6.200/o
3.65%
12.84%
t2.73%
2.09o/o
0.08%
8.05%
I 1.83%
2.44%
6.22o/o
9.55o/o 918 7.550,736 - 45.35% 9.22yo
____LEg._ _SlEg:g#_ too.oo"/"-
CITY OF PRATWILLE, ALABAI\,IA
SCHEDI.JLE 6
SALRS TAX REVENT.JE PAYERS BY CATECORY
FISCAL YEAR.S 2W THROUGH 2OI4
NUMBER
OF
PERCENTAGE PERCENTOFOF TAX REMITTED NUMBERTAX TOTALTAX BYTOPTEN OF
PERCENTAGE PERCENTOFOF TAX REMITTED NI.JMBERTA)( TOTAL TAX BY TOP TEN OF
PERCENTAGE PERCENTOFOF TAX REMITTEDTAX TOTAL TAX BY TOPTEN
FILERS LIABILITY LIABILITY TA)(PAYERS FILERS LIABILITY LIABILITY TNEAYERS FILERS LIABILITY LIABILEY TA)(PAYERS
Apparel stores
Food stores
Automotive
Machine
Restaurants
Home firnishhgs and applianccs
Buildiqg marerials
Service stations
Othcr retail storcs
Totals
Apparel stores
Food stores
Automotive
Machinc
Rcstaurants
Home furnishings and appliances
Building materials
Service stations
Oth€r raail storcs
Totals
e$
6
30
1,101,763
1,977,984
391,790
1,586,085
lzt,46l
1,112,279
2U,146
13.33o/s
2.4T/o
4.07o/o
6.40o/o
12.560/o
1.35o/o
1.354/o
7.XJVI
12.48o/a
ll.600/o
20.82o/o
4.12o/o
16.6f/o
1.35o/oll.7lo/o l0.7lo/o
2.57o/o
I l.E07o
13 $ 1,101,449 10.9*/o7 1,895,767 18.92o/o26 373,671 3.73o/s
l0.3lo/o
20.55o/o
l.5lo/o
8.10o/o
17.7lo/o
l.6Ea/o
7.E2%
326,923
9,189
14 $ 1247,288 9.48o/o7 t,753,914
25
t7
69
l0
5
30
955
75 1,571,102l0 167,331I 900,qll28 269,ffi51,055 3.73t,602
15.680/o
1.610/o
8Sf/o
2.69/o
37.33o/o
g4 1,291,461 9.E20/o
t2 340,959 2.5f/o
9.25o/o
2,959,088 31.140/o
_JJl:_ _I rygl2!2g_ 100.00"/"
2005
l-223 $10.01E"42E , ,lW'ro.!o/u
t l2l7,tl72t 544.927 4.14o/o
l0.98o/o I,150 6,422,322 48.83o/o
1.345 $ 13.153.2m 14,9.0,,""4.
{{NUMBER
OF
7A
l0
6
30
9 $ I,l3E,54E6 1,961,93231 450,084
PERCENTAGE PERCENT OFOF TAX REMITTEDTAX TOTAL TAX BY TOP TEN
FILERS LIABILITY LIABILITY TA)(PAYERS
12.29/o Ll.l1o/o
2l.l8o/o 2l.llo/o
4.860/o 2.t2o/o
16.Wo
l.24Yo
1,490,672
I15,000
I,l04,l l8
215,997
ll.92o/s
2.33o/o
10.92o/o
ll-93o/o9/l3 2.7t7.76 30.Wo...--*-
___1J9L _9:,264,M_ tm.00%
Notc: Dr o confi&miality irsm, rhc oamcc ofthc rco lagcst rcvm paycrs uc nc aveilablc. Thc caagcicc paccalEd
ac incndcd to providc altmlive informatio rcgrding ttc lourcca of thc City's rwcnuc.
CITY OF PRATTVILLE, ALABAMA
SCHEDULE 7
DIRECT AND OVERLAPPING SALES TAX RATES
FISCAL
YEAR
CITY
DIRECT
RATE
AUTAUGA
COUNTY
DISTRICT
TAX
STATE OF
ALABAMA
TOTAL
SALES
TAX
2005
2006
2007
2008
2009
2010
20tr
20t2
2013
20t4
FISCAL
YEAR
2.syo
2.50
2.50
2.50
2.50
2.syo
3.504
3.50
3.50h
3.s%o
CITY
DIRECT
RATE
2%
2%
2%
2%
2%
2%
2%
2%
2%
2%
ELMORE
COUNTY
DISTRICT
TAX
4.000
4.A00h
4.000
4.A00h
4.00Yo
4.A00h
4.00Yo
4.000
4.000h
4,00vo
STATE OF
ALABAMA
8.sYa
8.50
8.50
8.50h
8.sYo
8.sYo
9.syo
9.s%o
9.sYo
9.50
TOTAL
SALES
TAX
2005
2006
2007
2008
2009
2010
20tl
20t2
20t3
20t4
2.504
2.50
2.50
2.50
2.sYo
3.50
3.s%o
3.50
3.50
3.sYo
4.000h
4.000h
4.000h
4.0aoh
4.Oaoh
4.000
4.00Yo
4.}ao
4.$aoh
4.004h
8.50
8.50h
8.544
8.50h
8,sYo
9.54
9.504
9.54
9.sYo
9.s%a
r%
t%
r%
r%
r%
t%
r%
t%
r%
t%
r%
t%
t%
t%
t%
t%
t%
r%
t%
t%
Sources: City Finance Department, Autauga County Revenue Commissioney's Office, and Elmore
County Department of Finance.
78
CITY OF PRATTVILLE, ALABAN{A
SCHEDULE 8
RATIOS OF OLTTSTANDING DEBT BY TWE
C'O VERNMENTAL ACTI VTTIES
FISCAL
YEAR
GENERAL
OBLIGATION
BONDS
TERM
LOAN
LIMITED
OBLIGATION
WARRANT
$ 1,594,489
1,594,489
|,594,489
1,594,489
1,594,489
1,580,851
1,567,775
1,558,312
BUSINESS.TYPE ACTIVITIES
CAPITAL
LEASE
TOTAL
OUTSTANDING
DEBT
PERCENTAGE
OF TAXABLE
SALES (b)
3.4lYo
10.08%
9.80Yo
10.260/o
10.81%
10.18%
9.20o/o
8.35Yo
7.50Vo
6.760/o
PERCENTAGE
OF TAXABLE
SALES (b)
0.44o/o
0.48%
4.40o/o
PERCENTAGE
OF TAXABLE
SALES O) ,
PERCENTAGE PER
OF PERSONAL CAPITA
INCOME (a) (a)
2005
2006
2AO7
2008
2409
2010
201 I
2012
2013
2014
FISCAL
YEAR
GENERAL
OBLIGATION
BONDS
14,595,000
M,352,609
43,102,043
56,994,583
57,099,163
57,699,465
54,755,183
49,212,046
47 "027,06444,415,437
99,344
1,025,708
1,803,956
1,755,749
701,035
486,973
294,946
437,071
761,348
1,445,462
1,239,844
748,347
88,562
15,081,973
44,647,555
45,133,603
59,449,764
6l,164,822
62,337,354
58,853,728
51,582,494
48,594,839
45,973,749
r.t0%
3.04o/o
2.90o/o
3.620/o
3.680/o
3.7r%
3.26%
2.73%
I
*
0.14o/o
*
*
t.t0%
3.Mo/o
2.90%
3.62%
3.68%
3.7|o/s
3.260/o
2.87o/o
I
:$
315
909
906
I,l8l
1,205
1,142
1,065
929
880
:t
TERM
LOAN
CAPITAL
LEASE
TOTAL
O[.NSTANDTNG
DEBT
PERCENTAGE PER
OF PERSONAL CAPITA
INCOME (a) (a){\o
LIMITED
OBLIGATION
WARRANT
PRIMARY GOVERNMENT
20t2
20t3
20t4
FISCAL
YEAR
2,490,000
3,095,767
2,695,120
14,595,000
44,352,649
43,142,043
56,994,583
57,099,163
57,699,065
54,755,183
51,742,046
50,122,831
47,110,557
99,344
1,025,708
1,803,956
1,755,709
701,035
1,594,489
|,594,489
1,594,489
1,594,489
1,594,489
1,580,851
1,567,775
1,558,312
486,973
294,946
437,071
761,348
1,445,462
1,239,844
748,347
326,636
9,334
15,081,973
44,647,555
45,133,603
59,449,764
6l,l&,822
62,337,354
58,853,728
54,310,568
51,699,940
48,668,869
3.4t%
10.08%
9,80%
10.260/o
10.81%
10.18%
9.20o/a
8.790h
7.98o/o
7.160/o
49
56*
315
909
906
l,l8l
1,205
1,142
1,065
918
936
*
238,074
9,334
2,728,074
3,105,101
2,695,120
GENERAL
OBLIGATION
BONDS
TERM
LOAN
LIMITED
OBLIGATION
WARRANT
CAPITAL
LEASE
TOTAL
OUTSTANDING
DEBT
PERCENTAGE PER
OF PERSONAL CAPITA
INCOME (a) (a)
2005
2006
2007
2008
2009
2010
201I
2012
2013
2A14
Notes: Details regerding thc City's ousanding debt can be found in the notes to the financial statements.
(a) See the Schcdule ofDernographics and Economic Statistics on page 83 for personal income and population data.
@) See page 75 for nct taxable sales.
' lnfonnation not availablc.
CITY OF PRATTVILLE, ALABAMA
SCHEDULE 9
RATIOS OF NET GENERAL BONDED DEBT OUTSTANDING
GENERAL
FISCAL OBLIGATION
YEAR BONDS
LESS: AMOUNTS
AVAILABLE
DEBT SERVICE
FUND
PERCENTAGE OF
NET TAXABLE
PER
CAPITA
3,240h $ 299
9.360h 844
9.070A 839
9.64sh 1,109
9.9loh 1,105
9,4l%o I,056
856Yo 991
837Vo 93 I
7 3106 9A4
693Yo *
TOTAL , s_$LEs (a) - -. ,. ,. (bL
200s
2006
2007
2008
2009
2010
20tl
20t2
2013
20t4
$ 14,595,000
44,352,609
43,102,043
56,994,583
57,099,163
57,699,065
54,7 55,183
51,702,046
50,122,931
47 ,l10,557
$ 264,820
2,912,184
I ,3 I 5,527
l,l3 1,232
1,027 ,955
80, I 78
5
l0
243,627
7
s 14,330,180
41,440,425
41,786,5 l6
55,863,351
56,071,208
57,618,887
54,7 55,178
51,702,036
49,919,204
47 ,l10,550
Notes: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
(a) See page75 fornettaxable sales.
O) See the Schedule of Demographics and Economic Statistics on page 83 for population data.
* Information not available.
80
CIry OF PRATTVILLE, ALABAMA
SCHEDULE IO
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
AS OF SEPTEMBER 3O,2OI4
GOVERNMENTAL UNIT
DEBT
OUTSTANDING
ESTIMATED
PERCENTAGE
_APPLICAB-I'E (a)
ESTIMATED
SHARE OF
DIRECTAND
OVERLAPPTNG
DEBT
Debt repaid with property taxes: Autauga County
Debt repaid with property taxes: Autauga County
Board of Education
Debt repaid with property taxes: Elmore County
Debt repaid with property taxes: Elmore County
Board of Education
Subtotal, overlapping debt
City of Prattville, Alabama direct debt
Total direct and overlapping debt
$ 13,47 5,291
35,7 43,738
I ,61 8,854
54,987,000
6750Vo $ 9,095 ,821
67s00h 24,127,023
6.400.h 103 ,607
6.4voh 3,519,168
36,845 ,619
45 ,973,7 49
92,919,368
Sources: Assessed value data used to estimate applicable percentages provided by the Autauga County Revenue
Commissioner and Elmore County Revenue Commissioner. Debt outstanding data provided by the County.
Notes: Overlapping govemments are those that coincide, at least in part, with the geographic boundaries of the
City. This schedule estimates the portion of the outstanding debt of those overlapping govemments that is borne
by the residents and businesses of the City of Prattville, Alabama. This process recognizes that, when
considering the City's ability to issue and repay long-term debt, the entire debt burden bome by the residents and
businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and
therefore responsible for repaying the debt, ofeach overlapping government.
(a) The percentage of overlapping debt applicable is estimated using taxable assessed property values.
Applicable percentages were estimated by determining the portion of the City's taxable assessed value that is
within the County's boundaries and dividing it by the County's total taxable assessed value.
8l
oot'J
CITI OF IRATTVILLq AI,ADAMA
SCIIEDULE II
LE(IAL DBI MARCIN |rlltffM.-TION
2@ 2!!6 Ut 2@ W 20.1! 20ll &]2 20ll 20!!
N..l|lg6dhfEofd,.hi.FlFty t2!.911l, a u1:rrr251 t w4stljlo a13a211ln t 3.r.tt9,62o tr5q6zt,tno tr!3,,16t,4,0 t 355,9:x,l,o t,olj66j6(, t3m,&r,l2o
D.!.liEir a5,r!t9rl, t29122t1 5!Jll532 67,6t45r4 @:ng 7r:I2s,rg 7UO2N 7r3',,ua e5t2n 4'111224
rdrd.t tr&fi..ucrofton lotpej6s ----:L!€pI- e,.53,r7 ----2g4j4!- tl,6to:0, 14.15,6e. ---.]3!!!!E- ell!157 ia-(,7.oa ---34jrq:-
L{r.thi''ein a 312r9,&t ,4l,78t,tla a 4q723,165 l5!,(D5Jto l rr.O,9.ru I J7:09JI t 5325tJtl l6lJ!q0ll | 615!6246 t 17t?;t19
T.{.1 etd.5t.lpliobi.ro it fiDn!.F!.d.S.of.brlinit X.ll* 17.8* l6''a. l+rba 16'1'/r r759q 117't 2tx* 33ftN
L.ad Dd. M.t!i! OLrhid 6i litcrl Y{2014
tuEd"'a ry
Ht liEir(2ott of,lor.l e.'cdv.lE) J_J!E!z_
D.6lqliElbt EEnG6.lotl4|t@bod 23575@NeFyrtL tNlA
L< Adlnet.sib6.rqtHlol!@l ot'lis.tiE.Ltl
Tdl lad.st {PlictL to [Dn ----4AJP-
r.ol.hh*i! ry
N.n: Uds da. ts, ttr Cirr of ldriL, Arrb6.'r drEdr8 !G.l dli6ri! d.5t.hrld dtq...d mta ofi.rd.s6..rl Flo.dy vrtE By ls,llE !8d.blird@ d.at &U
by .mrd r! dd.6. EFynq r@d dli8|dd td&
CITY OF PRATTVILLE. ALABAMA
SCHEDULE 12
DEMOGRAPHIC AND ECONOMIC STATISTTCS
CALENDAR
YEAR POPULATION
PERSONAL INCOME
(THOUSANDS
oF DOLLARS)
PER CAPITA
PERSONAL
TNCOME
MEDIAN SCHOOL
AGE ENROLLMENT
AUTAUGACOUNTY
UNEMPLOYMENT
RATE
oo(,
2005
2006
2007
2008
2009
2010
20rr
2An
2013
2014
47,870 $
49,105
49,834
50,354
50,756
54,57 L
55,267
55,5 14
55,246
r,371,084 $
1,467,514
1,55 5,999
r,640,204
1,664,766
1,679,53 5
1,804,87 r
1,889,867
28,642
29,885
3r,224
32,573
32,721
30,740
32,657
to,rot:
36.10
36.46
36.26
36.16
36.37
36.69
3 7.00
36.00
35.10
9,282 (04-05)
9,379 (05-06)
9,649 (06-07)
9,819 (07-oS)
9,854 (08-09)
10,076 (09- 1o)
9,877 (10-11)
9,825 (11-12)
9,642 (12-13)
9,737 (13- 14)
3.zAaA
2.90Yo
2.gAYo
4.50Yo
8.64%
8.0096
6.80Yo
6.80Yo
5.90Yo
5.44o
Note: Population and median age information are based on surveys conducted during the last quarter of the calendar year. Personal income
information is a total for the year. Unemployment rate information is an adjusted yearly average. School enrollment obtained from the local
board ofeducation is based on the census at the start ofthe school year.
* Unavailable
CIry OF PRATTVILLE, ALABAMA
SCT{EDULE I3
PRINCIPAL EMPLOYERS
20ll 2014
PERCENTAGE PERCENTAGE
OF TOTAL CITY OF TOTAL CITY
EMPLOYEES EMPLOYMENT EMPLOYEES EMPLOYMENTEMPLOYER
Autauga County Board of Education
International Paper
City of Prattville, Alabama
Prattvi lle Baptist Hospital
Wal-Mart
Autauga County
Prattville Health and Rehabilitation
Fras-Le
M-Tek
LoneStar Plastics
Kinedyne
Totals
I,000
600
38s
235
480
165
154
*
100
r25
r30
6.380/0
3.83Yo
2.460
1s00h
3.06Vo
1.050
0.980
*
a.83Vo
0.80%
0.64yo
I,091
550
372
350
330
202
200
156
138
9l
*
7,05Vo
35504
2.40oh
2.260/o
2,1304
l,3lo/a
1,290/0
l.}lvo
0,890
a.590/0
*
3,374
Source: Prattville fuea Chamber of Commerce.
Note: Information does not include city govemment employment.
Note: This schedule presents 20ll compared to 2014. Information for 2005 (nine years ago) is not presented
because it is not readily available.
Average number employed in City for 2013 was 15,477 per www2.labor.alabama.gov/LAus/LAuScities.pdf.
http ://www2. labor.alabama. gov/LAUS/ClF/citybyyear.aspx?area:0000 I 9
* Unavailable
2l.53yo 3,480 22.480/a
84
CITY OF PRATTVILLE, ALABAMA
SCHEDULE 14
FULL-TIME EQUIVALENT CITY
GOVERNMENT EMPLOYEES BY FUNCTION
2005 2006 200_7 2008 20_09 2010 za-rl 2012 2A13 Nt4
Function/Program
General government:
Executive
Legislative
Finance
City Clerk
Human resources
Judicial
Information technol ogy
Vehicle maintenance
Public safety:
Police:
Officers
Civilians
Fire:
Officers
Civilians
Building division
Public works:
Engineering
Facilities maintenance
Planning and development
Street
Sanitation
Wastewater
Urban management
Culture and recreation:
Leisure services
Performing and creative arts
4
7
7
4
2
4
3
l0
86
5
82
4
4
l0
l6
27
26
22
5
7
6
4
2
4
3
9
87
5
75
5
4
9
l4
26
26
22
5
7
7
4
4
4
3
9
85
7
85
4
4
l3
l8
28
25
23
5
7
8
4
4
4
3
l0
87
9
89
4
5
l3
22
28
26
24
3
7
7
5
4
6
4
l2
90
ll
89
4
4
l6
22
30
29
24
2
aJ
7
7
5
4
6
3
l0
92
9
88
4
4
l4
2l
29
28
24
2
l5
2
3233
7777
66s6
2333
4443
5666
tl12
6665
85 8l
78
84 8l
87
28 2825 23
2t 19
8l 82
99
79 83
72
4
32 3423 2s
23 30
9
4
4
l0
t2 t4
I
t2
Totals 323 313 335 3s2 369 360 325 3ll 315 336
-------F
Source: Human Resources.
Note: This report includes regular full time employees, regular part time employees (based on full time
equivalent employment calculated by dividing labor hours by 2,080 hours), elected and appointed officials as
of September 30 each year.
85
FunctionlPrograrn
General government:
Building permits issued:
Residential
Residential remodel
Commercial
Commercial buildout, remodel, addition
Building inspections conducted
Building plan reviews
Public safety:
Police:
Physical arrests
Parking violations
Traffic violations
Fire:
Emergency responses
Fires extinguished
lnspections
Public works:
Potholes repaired
Street resurfacing (m iles)
Wastewater:
Average daily sewage treatment (millions of gallons):
Autauga Creek
Pine Creek
Refuse collection:
Garbage (tons per day)
Trash (yards per day)
Recyclables (tons per day)
Sources: Various City departments
CTTY OF PRATTVTLLE, ALABAMA
SCHEDULE I5
OPERATTNG TNDICATORS BY FUNCTIONIPROGRAM
200s 2006 2007 2008 2009
313 351 t73 106
26
7,493
317
3,252
77
6,398
7,026
142
2,522
3,000
2010
l0
3,658
t49
3,035
348
6,299
5,199
I l5
2,996
2,000
3
2.18
1.87
1l
3,142
t47
3,208
373
6,454
5,221
I l3
2,725
2,000
r28
392
I
43
3,512
2r2
2,208
2s9
4,460
5,673
75
2,846
1,500
20rl
135 r06
201,2 2013 2014
l7l6t7l8
t20 131
327 343
812
49 56
4,506 5,688
l8l 441
2,128 2,757
r22 86
4,782 4,897
5,786 5,893
l0l 113
2,846 2,775
1,750 2,000
27
r.92 r.622.01 r.88
ooo\
6,537 8,727
3,283 3,302105 89
3,531 3 ,942
6,199 6,44996 r43
2,291 2,395
3,000 2,000
7
2.54 2.061.67 1.77
7,455 6,472
325 177
3,288 2,651
253 r43
6,236 7,914
6,184 4,989
r 15 132
2,766 3,772
2,000 3,000
I
r.90 2.3s1.88 r.99
r.75
r.70
1.60
1.90
1.72
1.90
38.s
189
1
CITY OF PRATTVILLE, ALABAMA
SCHEDULE 16
CAPITAL ASSET STATISTICS BY FLINCTION/PROGRAM
2005 2006 2p07 2008 2009 2pl0 2,0rr 20r? 2013 ?w4
Function/Program
Public safety:
Police:
Stations
Patrol cars
Motorcycles
I
70
lt
Fire:
Stations 3
Fire engines 6
Ambulances 6
Refuse collection:
Trash trucks 5
Garbage trucks 6
Public works:
Streets (miles)
Highways (miles)
Streetlights
Traffic signal heads
Cultural and recreation:
Acreage 330
Playgrounds 9
Baseball/softball diamonds 16
Soccer fields 9
Community centers 2
Senior citizens center I
Sources: Various City departments.
ll66 66l0 ll
3366
66
5678
330 330
99
16 169922ll
ll
71 8l
ll ll
33
66
77
66
99
330 3s4910
16 16
9922ll
ll
82 8l
ll 9
33
7777
66
99
209
23
2,450
270
354 354
l0 l0
16 16
99
22
ll
lll84 84 8l9910
333788777
666988
2A9 2r2 2r2
23 23 23
2,45A 2,450 2,45A
270 270 270
354
10
l6
9
2
I
354 354l0 l0t6 16
9922ll
Note: No capital asset indicators are available for the general government.
87