FY16 Comprehensive Annural Financial Report - City of PrattvilleCity of Prattville, Alabama
Prepared by:
Department of Finance
Daniel F. Oakley, CPA
Finance Director
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016
INTRODUCTORY SECTION
PAGE
I. INTRODUCTORY SECTION
Table of contents i - iii
Letter of transmittal iv - ix
Certificate of Achievement for Excellence in Financial Reporting x
List of principal officials xi
Organizational chart xii
Map of the City xiii
II. FINANCIAL SECTION
Independent auditor's report 1 - 3
Management's discussion and analysis 4 - 14
Government-Wide Financial Statements
Statement of net position 15
Statement of activities 16
Fund Financial Statements
Balance sheet - governmental funds 17
Reconciliation of balance sheet of governmental funds to statement of net position 18
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 21 - 24
Statement of revenues, expenditures, and changes in fund balances - budget and actual
gas tax special revenue fund 25
BASIC FINANCIAL STATEMENTS
TABLE OF CONTENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016
COMPREHENSIVE ANNUAL FINANCIAL REPORT
CITY OF PRATTVILLE, ALABAMA
i
CITY OF PRATTVILLE, ALABAMA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016
II. FINANCIAL SECTION (Continued)
PAGE
Statement of revenues, expenditures, and changes in fund balances - budget and actual
judicial special revenue fund 26
Statement of net position - proprietary funds 27
Statement of revenues, expenses, and changes in net position - proprietary funds 28
Statement of cash flows - proprietary funds 29
Notes to financial statements 30 - 71
Schedule of changes in the City's net pension liability and related ratios 72
Schedule of employer contributions to the pension plan 73
Schedule of funding progress of the City's post-employment benefits other than pensions 74
Statement of revenues, expenditures, and changes in fund balances - budget and actual
capital projects fund 75
Statement of revenues, expenditures, and changes in fund balances - budget and actual
debt service fund 76
Financial Trends
Schedule 1 Net position by component 77
Schedule 2 Changes in net position 78 - 79
Schedule 3 Fund balances of governmental funds 80
TABLE OF CONTENTS (Continued)
III. STATISTICAL SECTION
REQUIRED SUPPLEMENTARY INFORMATION
OTHER SUPPLEMENTARY INFORMATION
ii
CITY OF PRATTVILLE, ALABAMA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016
PAGE
Schedule 4 Changes in fund balances of governmental funds 81
Revenue Capacity
Schedule 5 Net taxable sales by category 82
Schedule 6 Sales tax revenue payers by category 83 - 84
Schedule 7 Direct and overlapping sales tax rates 85
Debt Capacity
Schedule 8 Ratios of outstanding debt by type 86
Schedule 9 Ratios of net general bonded debt outstanding 87
Schedule 10 Direct and overlapping governmental activities debt 88
Schedule 11 Legal debt margin information 89
Demographic and Economic Information
Schedule 12 Demographic and economic statistics 90
Schedule 13 Principal employers 91
Operating Information
Schedule 14 Full-time equivalent city government employees by function 92
Schedule 15 Operating indicators by function/program 93
Schedule 16 Capital asset statistics by function/program 94
TABLE OF CONTENTS (Continued)
III. STATISTICAL SECTION (Continued)
iii
LIST OF PRINCIPAL OFFICIALS
AS OF SEPTEMBER 30, 2016
Mayor Bill Gillespie, Jr.
CITY COUNCIL
Willie Lee Wood, Jr., President
Jerry Starnes Denise Brown
Albert Striplin, President Pro Tempore Ray Boles
Gary Whiteside Lora Lee Boone
HEADS OF DEPARTMENTS
Municipal Court Judge Louis C. Colley
City Attorney David McDowell
City Prosecutor Brad E. Ekdahl
City Clerk Cathy Dickerson
Finance Director Douglas C. Moseley
Engineering Robby Anderson
Public Works Dale Gandy
Police Chief Mark Thompson
Fire Chief Terry Brown
Parks and Recreation Kellie Cook
Human Resources Lisa Thrash
Information Technology Douglas C. Moseley
Planning Joel Duke
xi
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 &
Development
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, 2016
xiii
xi
i
i
FINANCIAL SECTION
1
INDEPENDENT AUDITOR’S REPORT
The Honorable Mayor and
Members of the 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, and each major fund of the City of Prattville,
Alabama (the City), as of and for the year ended September 30, 2016, and the related notes to the
financial statements, which collectively comprise the City’s basic financial statements as listed in the
table of contents.
Management’s Responsibility for the Financial 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 error.
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 Historic 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. In making those risk assessments, the auditor considers internal control relevant to the entity’s
preparation and fair presentation of the 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.
2
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, and each major fund of the City of Prattville, Alabama, as of
September 30, 2016, and the respective changes in financial position and, where applicable, cash
flows thereof and the respective budgetary comparison for the general 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.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
management’s discussion and analysis, the schedule of changes in the City’s net pension liability and
the related ratios, the schedule of employer contributions to the pension plan, and the schedule of
funding progress of the City’s post-employment benefits other that pensions on pages 4 through 14
and pages 72 through 74 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 Accounting Standard Board, who considers it to 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
America, 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, other supplementary information section, and statistical section are presented for the purposes
of additional analysis and are not a required part of the basic financial statements.
The other supplementary information section is the responsibility of management and was derived
from and relates directly to the underlying accounting and other records used to prepare the basic
financial statements. Such information has been subjected to the auditing procedures applied in the
audit of the basic financial statements and certain additional procedures, including comparing and
reconciling such information directly to the underlying accounting and other records used to prepare
the basic financial statements or to the basic financial statements themselves, and other additional
procedures in accordance with auditing standards generally accepted in the United States of America.
In our opinion, the other supplementary information is fairly stated in all material respects in relation
to the basic financial statements as a whole.
3
The introductory 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
March 24, 2017 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,
contracts and grant agreements, 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 performed in accordance with Governmental Auditing Standards
in considering City of Prattville, Alabama’s internal control over financial reporting and compliance.
Montgomery, Alabama
March 24, 2017
4
MANAGEMENT’S DISCUSSION AND ANALYSIS
As management of the City of Prattville, Alabama, we offer readers of the City’s financial statements
this narrative overview and analysis of the financial activities of the City for the fiscal year ended
September 30, 2016. 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 City’s financial statements.
Financial Highlights
The City of Prattville, Alabama’s assets and deferred outflows exceeded its liabilities and
deferred inflows at September 30, 2016, by $28,529,999 (net position). Of the net position
balance amount, ($24,268,241) (unrestricted net position) is the deficit balance of the City
representing 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 as well as the unfunded
pension and OPEB liability for the City.
During the year, the City’s total net position increased by $9,169,572. Revenues of
$49,191,595 exceeded expenses of $40,022,023. The increase in revenue is due to the
increase in sales tax revenue and increase in capital grants and contributions. Expenses
increased slightly due to employee raises and capital expenditures.
Under the Government Accounting Standards Board Statement Number 45, Accounting
and Financial Reporting by Employees for Post-Retirement Benefits Other than Pensions
(GASB 45), the City recognized an expense of $392,057 in the current year to record
unfunded OPEB obligation.
As of the close of the current fiscal year, the City’s governmental funds reported combined
ending fund balances of $20,312,305. There was an increase of $3,535,721 from the prior
year.
Overview 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 are comprised of three components:
(1) government-wide financial statements, (2) fund financial statements, and (3) notes to financial
statements. In addition to the basic financial statements, this report contains other supplementary
information that will enhance the reader’s understanding of the financial condition of the City of
Prattville, Alabama.
Government-Wide Financial 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 include 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 (HPRA), which are separate legal entities. Although
legally separate, these component units are important because the City is financially accountable for
5
them. Complete financial statements of the Library, the Authority, and HPRA can be obtained at their
administrative offices located in Prattville, Alabama.
The statement of net position presents information on all of the City’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 City’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 are 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 lodging taxes (governmental activities) from other functions that are
intended to recover all or a significant portion of their costs through user fees and charges (business-
type activities). The governmental activities reported in the statements include general government,
public safety, public works, and cultural/recreational. The business-type activities of the City of
Prattville, Alabama include the Sanitation and Wastewater departments.
Fund 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 control 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 demonstrate compliance with finance-
related legal matters. All of the funds of the City of Prattville, Alabama are governmental 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 out, 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
accounting, 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
governmental 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.
6
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
funds 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 departments. 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 Financial Statements
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 30 through 71 of this
report.
Government-Wide Financial Analysis
The City’s condensed statement of net position as of September 30, 2016 and 2015, derived from the
government-wide statement of net position is presented below.
2016 2015 2016 2015 2016 2015
Current and other assets 20,058,713$ 17,154,711$ 2,660,658$ 2,906,008$ 22,719,371$ 20,060,719$
Capital assets, net of depreciation 53,959,885 50,381,905 9,151,317 7,440,940 63,111,202 57,822,845
Restricted assets 2,018,432 1,902,624 2,018,432 1,902,624
Total assets 76,037,030 69,439,240 11,811,975 10,346,948 87,849,005 79,786,188
Deferred outflows 3,536,931 2,506,884 328,409 160,682 3,865,340 2,667,566
Long-term liabilities outstanding 56,531,927 56,341,069 3,717,977 2,736,118 60,249,904 59,077,187
Other liabilities 2,111,269 2,516,043 321,180 409,750 2,432,449 2,925,793
Total liabilities 58,643,196 58,857,112 4,039,157 3,145,868 62,682,353 62,002,980
Deferred inflows 435,015 951,156 66,978 139,191 501,993 1,090,347
Net position:
Net investment in capital assets 43,629,725 39,468,399 7,367,599 6,384,146 50,997,324 45,852,545
Restricted 1,800,916 1,568,412 1,800,916 1,568,412
Unrestricted (deficit) (24,934,891) (28,898,955) 666,650 838,425 (24,268,241) (28,060,530)
Total net position 20,495,750$ 12,137,856$ 8,034,249$ 7,222,571$ 28,529,999$ 19,360,427$
GOVERNMENTAL
ACTIVITIES
BUSINESS-TYPE
ACTIVITIES TOTALS
7
The largest component of the City’s net position as of September 30, 2016 reflects its investment in
capital assets (i.e. land, buildings, furniture and equipment, infrastructure, 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
investment in its capital assets is reported net of related debt, 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, 2016 increased by $5,288,357 from the prior year primarily due to the amount of
current year increases in construction in progress, vehicles, and infrastructure.
As noted earlier in this discussion, changes in net position over time can be one of the best and most
useful indicators of the City’s financial position. The City of Prattville, Alabama’s total assets exceeded
liabilities by $28,529,999.
The City’s net position increased by $9,169,572 during the current fiscal year and was affected by
increasing revenues and overall continued control over expenses. The City saw an increase in sales tax
revenues of $1,148,233 during the current fiscal year.
A portion of net position is restricted, or has restrictions on how they may be used. Governmental
activities restricted net position totaled $1,800,916 at September 30, 2016 and is restricted for use in
public safety, capital projects, and road projects. The remaining balance of unrestricted net position
generally may be used to meet the City’s ongoing obligations. The City, at September 30, 2016,
reported a deficit balance in unrestricted net position in governmental activities of ($24,934,891). The
large negative unrestricted net position is the result of the adoption of GASB 68 during fiscal year 2015,
which required the unfunded portion of the City’s pension obligation to be recorded as a liability, and
$33,675,000 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 $666,650 at September 30, 2016.
8
The following presents the City’s condensed statement of activities for the fiscal years ended
September 30, 2016 and 2015 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
$9,169,572. This increase is primarily due to increases in general sales tax, use tax, property tax,
lodging tax, and restaurant sales tax, as well as continued control over expenses.
2016 2015 2016 2015 2016 2015
Revenues:
Program revenues:
Charges for services 7,365,209$ 7,642,598$ 6,545,121$ 6,369,291$ 13,910,330$ 14,011,889$
Operating grants and contributions 135,291 17,820 135,291 17,820
Capital grants and contributions 4,596,515 3,953,219 4,596,515 3,953,219
Total program revenues 12,097,015 11,613,637 6,545,121 6,369,291 18,642,136 17,982,928
General revenues:
Sales and use taxes 23,261,064 22,112,831 23,261,064 22,112,831
Real and personal property taxes 2,812,535 2,614,090 2,812,535 2,614,090
Lodging taxes 1,898,959 1,804,447 1,898,959 1,804,447
Local gasoline taxes 1,015,531 970,304 1,015,531 970,304
Alcoholic beverage taxes 356,953 273,579 356,953 273,579
Rental taxes 388,975 377,964 388,975 377,964
Tobacco taxes 121,636 136,220 121,636 136,220
Excise taxes 77,436 79,780 77,436 79,780
Investment earnings 93,022 62,586 4,852 4,382 97,874 66,968
Miscellaneous revenue 500,249 460,002 500,249 460,002
Gain on disposal of assets 36,300 18,247 42,306 18,247 78,606
Total general revenues 30,526,360 28,928,103 23,099 46,688 30,549,459 28,974,791
Total revenues 42,623,375 40,541,740 6,568,220 6,415,979 49,191,595 46,957,719
Expenses:
General government 8,280,428 7,619,638 8,280,428 7,619,638
Public safety 16,385,499 15,125,945 16,385,499 15,125,945
Public works 6,451,296 6,019,336 6,451,296 6,019,336
Cultural and recreational 2,204,798 2,021,877 2,204,798 2,021,877
Debt service 943,460 917,762 943,460 917,762
Sanitation 2,886,650 2,539,325 2,886,650 2,539,325
Wastewater 2,869,892 2,852,233 2,869,892 2,852,233
Total expenses 34,265,481 31,704,558 5,756,542 5,391,558 40,022,023 37,096,116
Increase in net position 8,357,894 8,837,182 811,678 1,024,421 9,169,572 9,861,603
Net position - beginning 12,137,856 13,457,512 7,222,571 7,684,485 19,360,427 21,141,997
Cumulative effect of change
in accounting principle (10,156,838) (1,486,335) (11,643,173)
Net position - beginning, as restated 12,137,856 3,300,674 7,222,571 6,198,150 19,360,427 9,498,824
Net position - ending 20,495,750$ 12,137,856$ 8,034,249$ 7,222,571$ 28,529,999$ 19,360,427$
GOVERNMENTAL BUSINESS-TYPE
ACTIVITIES ACTIVITIES TOTALS
9
Expenses and Program Revenues for Governmental Activities
Governmental activities increased the City of Prattville, Alabama’s net position by $8,357,894 for fiscal
year 2016. The key elements of the increase in net position are the increases in revenue from the prior
year as follows:
Sales tax revenue increased by $1,148,233 compared to the prior year amount of
$22,112,831.
Donated infrastructure in the amount of $2,800,000 is included in total program revenues
which increased from donated infrastructure in the prior year by $1,061,000.
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
16,000,000
18,000,000
General government Public safety Public works Cultural and
recreational
Interest on long-term
debt
Expenses and Program Revenue - Governmental Activities
2016 Expenses
2016 Revenues
2015 Expenses
2015 Revenues
10
Program and General Revenues for Governmental Activities
17%
55%
7%
5%
2%1%
1%
0%
0%
0%
11%1%
0%
Revenues By Source - Governmental Activities - FYE 2016
Charges for services
Sales and use taxes
Real and personal property taxes
Lodging taxes
Local gasoline taxes
Alcoholic beverage taxes
Rental taxes
Tobacco taxes
Excise taxes
Operating grants and contributions
Capital grants and contributions
Miscellaneous
Investment earnings
19%
55%
6%
5%
2%1%
1%
0%
0%0%
10%1%
0%0%
Revenues By Source - Governmental Activities - FYE 2015
Charges for services
Sales and use taxes
Real and personal property taxes
Lodging taxes
Local gasoline taxes
Alcoholic beverage taxes
Rental taxes
Tobacco taxes
Excise taxes
Operating grants and contributions
Capital grants and contributions
Miscellaneous
Gain (loss) on disposal of assets
Investment earnings
11
Expenses and Program Revenues for Business-Type Activities
Business-type activities increased the City of Prattville, Alabama’s net position by $811,678. Key
elements of this change in net position are as follows:
• Wastewater revenue and expenses remained consistent with prior year and generated a
change in net position of $1,147,684.
• Sanitation revenue remained consistent with prior year, while an increase in the operating
expenses due to the purchase of sanitation cans throughout the year resulted in a negative
change in net position of $336,006.
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
Sanitation Wastewater
Expenses and Program Revenue - Business-Type Activities
2016 Expenses
2016 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, 2016, governmental funds reported a combined ending fund balance of
$20,312,305, an increase of $3,535,721 in comparison with the prior year balance. Of this balance
$166,866 is not available for new spending because it is a prepaid item; $1,800,966 is restricted for
public safety, road projects, and capital improvements; $7,029,660 is committed to debt service and
capital projects; and $4,272,240 is assigned for industrial park improvements, capital projects, capital
equipment, and other purposes.
12
The fund balance of the general fund increased $2,211,696 during the current fiscal year after other
financing sources including fund transfers. Total revenue increased $1,356,153 as compared to the
prior year primarily due to an increase in sales tax revenue. There was a decrease in net transfers out
of $1,536,890 primarily due to decreases in the amounts transferred to the capital projects fund and
debt service fund.
The fund balance of the capital projects fund increased $1,623,809 during the current fiscal year after
other financing sources including fund transfers, primarily due to the proceeds from the issuance of
$825,000 in general obligation bonds, as well as $1,400,000 in transfers in that were made to set up
various reserve accounts.
The fund balance of the debt service fund increased by $43 during the current fiscal year.
The fund balance of the gas tax special revenue fund decreased $204,080 during the current fiscal year
after other financing sources including transfers. This decrease in the fund balance was the result of
several paving projects executed during the fiscal year.
The fund balance of the judicial special revenue fund decreased $95,747 during the current fiscal year
after other financing sources including transfers. Expenses remained consistent, while revenues
decreased primarily due to collection issues.
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 $666,650. The Sanitation fund had
an overall decrease in net position of $336,006 and Wastewater fund had an overall increase in net
position of $1,147,684.
Internal service funds - Internal service funds are designed to recover the internal costs of government
services provided to other funds groups. At September 30, 2016, the internal service fund reported a
deficit of $327,754 for its net position balance. Contributions were increased for all participating funds
for the year ended September 30, 2016. For 2016, the Enterprise funds funded the exact allocation of
costs.
Capital Assets and Long-Term Debt Administration
Capital assets - The City of Prattville, Alabama’s investment in capital assets for its governmental and
business-type activities as of September 30, 2016 was $63,111,202 (net of accumulated depreciation).
This investment in capital assets includes land, infrastructure, buildings, improvements, construction
in progress, vehicles, and machinery and equipment.
Major capital asset additions during the year include:
Purchase of vehicles of $2,704,614.
Increases in infrastructure of $5,800,403.
13
GOVERNMENTAL BUSINESS-TYPE
ACTIVITIES ACTIVITIES TOTAL
Land 2,719,938$ 1,257,019$ 3,976,957$
Construction in progress 534,225 732,533 1,266,758
Buildings and building improvements 3,617,620 3,736,574 7,354,194
Land improvements 751,472 1,318,926 2,070,398
Vehicles 2,409,877 1,692,545 4,102,422
Office, nonoffice, and computer equipment 1,982,672 413,720 2,396,392
Infrastructure 41,944,081 41,944,081
53,959,885$ 9,151,317$ 63,111,202$
CITY OF PRATTVILLE, ALABAMA
CAPITAL ASSETS
Totals
Additional information on the City’s capital assets can be found in Note 4 on page 40 of this report.
Long-term debt - As of September 30, 2016, the governmental activities had total debt outstanding of
$38,771,026 and the business-type activities had a total debt outstanding of $1,783,718.
Long-term debt 2016 2015 CHANGE
General obligation warrants and
other notes payable 38,818,718$ 40,187,238$ (1,368,520)$
Limited obligation warrant 1,529,406 1,546,258 (16,852)
Capital lease 206,620 206,620
Totals 40,554,744$ 41,733,496$ (1,178,752)$
The City of Prattville, Alabama’s total debt outstanding decreased by $1,178,752 during the current
fiscal year. This decrease was the result of payments made in accordance with regularly scheduled
maturity dates and calling the remainder of the Series 1996 and 2006 general obligation warrants.
Additional information on the City’s debt can be found in Note 6 of the financial statements.
The City entered into a loan agreement with the Alabama Water Pollution Control Authority for a total
principal amount of $825,000. The loan contains a partial principal forgiveness feature totaling
$410,000. The City issued a general obligation warrant totaling $415,000 as evidence of the obligation
to repay the loan.
14
Budgetary Highlights for the Fiscal Year Ending September 30, 2016
Budget to actual statements and schedules are provided in the financial statements for the general fund
and gas tax special revenue fund. 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.
As of September 30, 2016, actual operating revenues for the general fund were more than the budgeted
amount by $2,136,069, or 6.11%. The primary reasons for the variance are as follows:
Sales taxes were $1,497,464 more than budgeted due to increased sales primarily as a result
of an overall improvement in economic conditions.
As of September 30, 2016, actual operating expenditures for the general fund were less than the
budgeted amount by $368,866, or 1.36%.
Economic Factors and Year 2017 Budget
Economic conditions for the City of Prattville, Alabama remain stable in the current environment.
The City relies on taxes, fees, fines, and charges for services to fund their governmental
activities. The primary source of revenue is sales taxes, which comprised approximately
63% of general fund revenues in fiscal year 2016. In the current economic climate, the
City has instituted a temporary increase to the City’s sales tax rate to be used to service the
City’s debt and to build reserves.
The unemployment rate for Autauga County, where the City of Prattville, Alabama is
primarily located, is currently 5.2%, which is a slight increase compared to the prior year.
The unemployment rate for the City of Prattville, Alabama is 5.1%. The unemployment
rate compares favorably to the state’s current unemployment rate of 6.0% and is
comparable to the national average rate of 4.9%.
The level of taxes, fees, and charges for services have a direct bearing on the City’s ability
to (a) annex additional land into its corporate limits and (b) encourage development (office,
retail, residential, and industrial) to choose to be located in the jurisdiction. The City places
emphasis on encouraging both annexation and economic development.
Requests for Information
This financial report is designed to provide our citizens, taxpayers, customers and investors, and
creditors with a general overview of the City of Prattville, Alabama’s finances and to demonstrate the
City’s accountability. Questions concerning any of the information provided in this report or requests
for additional financial information should be addressed to the City Clerk, 101 West Main Street,
Prattville, Alabama 36067.
BASIC FINANCIAL STATEMENTS
AUTAUGA- HISTORIC
PRATTVILLE PRATTVILLE PRATTVILLE
GOVERNMENTAL BUSINESS-TYPE PUBLIC AIRPORT REDEVELOPMENT
ACTIVITIES ACTIVITIES TOTAL LIBRARY AUTHORITY AUTHORITY
ASSETS:
Cash and cash equivalents 16,123,147$ 2,904,179$ 19,027,326$ 295,353$ 497,276$ 125,372$
Internal balances 803,681 (803,681)
Taxes receivable 2,404,743 2,404,743
Accounts receivable, net 560,276 529,893 1,090,169 17,392 18,042
Prepaid items 166,866 30,267 197,133 3,903
Restricted assets:
Cash and cash equivalents 1,193,432 1,193,432 53,001 1,386,140
Other 825,000 825,000
Capital assets, not depreciated 3,254,163 1,989,552 5,243,715 2,687,332 3,665,208
Capital assets, net of accumulated depreciation 50,705,722 7,161,765 57,867,487 36,555 5,413,062 210,694
Total assets 76,037,030 11,811,975 87,849,005 331,908 8,668,063 5,409,359
DEFERRED OUTFLOWS:
Deferred loss on refunding 1,189,629 1,189,629
Pension related items 2,347,302 328,409 2,675,711 33,596
Total deferred outflows 3,536,931 328,409 3,865,340 33,596
LIABILITIES:
Accounts payable 1,268,430 321,180 1,589,610 946 51,779 220,911
Accrued liabilities 177,036 177,036 15,917
Accrued interest 259,444 259,444 571 11,410
Unearned revenues 48,300 3,000
Other liabilities 406,359 406,359
Long-term liabilities:
Portion due or payable in one year:
General obligation warrants payable,
capital leases, and other
long-term debt 2,366,362 383,301 2,749,663 28,968 130,320
Compensated absences 264,753 51,942 316,695
Portion due or payable after one year:
General obligation warrants payable,
capital leases, and other
long-term debt 37,674,467 1,400,417 39,074,884 457,842 4,710,203
Compensated absences 862,283 104,935 967,218
Post-employment benefits
other than pensions 3,133,192 3,133,192
Net pension liability 12,230,870 1,777,382 14,008,252 16,290
Total liabilities 58,643,196 4,039,157 62,682,353 81,453 539,160 5,075,844
DEFERRED INFLOWS:
Excess earnings of pension plan investments 435,015 66,978 501,993 48,260
NET POSITION:
Net investment in capital assets 43,629,725 7,367,599 50,997,324 36,555 7,613,584 361,205
Restricted for:
Law enforcement 107,186 107,186
Road projects 36,152 36,152
Capital projects 1,182,001 1,182,001 1,386,140
Elmore County district improvements 454,272 454,272
Cultural and recreational 21,305 21,305
Unrestricted (deficit) (24,934,891) 666,650 (24,268,241) 199,236 515,319 (1,413,830)
Total net position 20,495,750$ 8,034,249$ 28,529,999$ 235,791$ 8,128,903$ 333,515$
The accompanying notes are an integral part of these financial statements.
COMPONENT UNITS
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF NET POSITION
SEPTEMBER 30, 2016
PRIMARY GOVERNMENT
15
PROGRAM REVENUE
EXPENSES
FINES, FEES,
AND CHARGES
FOR SERVICES
OPERATING
GRANTS AND
CONTRIBUTIONS
CAPITAL GRANTS
AND
CONTRIBUTIONS
GOVERNMENTAL
ACTIVITIES
BUSINESS-TYPE
ACTIVITIES TOTAL
AUTAUGA-
PRATTVILLE
PUBLIC
LIBRARY
PRATTVILLE
AIRPORT
AUTHORITY
HISTORIC
PRATTVILLE
REDEVELOPMENT
AUTHORITY
ACTIVITIES:
Primary government:
Governmental activities:
General government 8,280,428$ 5,971,164$ (2,309,264)$ (2,309,264)$
Public safety 16,385,499 1,104,211 12,483$ (15,268,805) (15,268,805)
Public works 6,451,296 122,808 4,596,515$ (1,731,973) (1,731,973)
Cultural and recreational 2,204,798 289,834 (1,914,964) (1,914,964)
Interest on long-term debt 943,460 (943,460) (943,460)
Total governmental activities 34,265,481 7,365,209 135,291 4,596,515 (22,168,466) (22,168,466)
Business-type activities:Sanitation 2,886,650 2,550,392 (336,258)$ (336,258)
Wastewater 2,869,892 3,994,729 1,124,837 1,124,837
Total business-type activities 5,756,542 6,545,121 788,579 788,579
Total primary government 40,022,023$ 13,910,330$ 135,291$ 4,596,515$ (22,168,466) 788,579 (21,379,887)
Component units:
Autauga-Prattville Public Library 548,203$ 28,877$ 65,564$ (453,762)$
Prattville Airport Authority 615,252 110,947 185,764$ (318,541)$
Historic Prattville Redevelopment Authority 387,771 188,888 (198,883)$
Total component units 1,551,226$ 328,712$ 65,564$ 185,764$ (453,762) (318,541) (198,883)
General revenue:
Sales and use taxes 23,261,064 23,261,064
Real and personal property taxes 2,812,535 2,812,535
Lodging taxes 1,898,959 1,898,959
Local gasoline taxes 1,015,531 1,015,531
Alcoholic beverage taxes 356,953 356,953
Rental taxes 388,975 388,975
Tobacco taxes 121,636 121,636
Excise taxes 77,436 77,436
Investment earnings 93,022 4,852 97,874 320 139
Miscellaneous revenue 500,249 500,249
Unrestricted appropriation from City/County 490,000 105,266
Gain on disposal of assets 18,247 18,247 .
Total general revenues and transfers 30,526,360 23,099 30,549,459 490,320 105,405
CHANGE IN NET POSITION 8,357,894 811,678 9,169,572 36,558 (318,541) (93,478)
NET POSITION - BEGINNING 12,137,856 7,222,571 19,360,427 199,233 8,447,444 426,993
NET POSITION - ENDING 20,495,750$ 8,034,249$ 28,529,999$ 235,791$ 8,128,903$ 333,515$
The accompanying notes are an integral part of these financial statements.
16
COMPONENT UNITS
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED SEPTEMBER 30, 2016
NET (EXPENSE) REVENUE AND CHANGES IN NET ASSETS
PRIMARY GOVERNMENT
GENERAL
FUND
CAPITAL
PROJECTS
FUND
DEBT
SERVICE
FUND
GAS TAX
SPECIAL
REVENUE
FUND
JUDICIAL
SPECIAL
REVENUE
FUND
TOTAL
GOVERNMENTAL
FUNDS
ASSETS:
Cash and cash equivalents 11,485,998$ 4,609,320$ 16,095,318$
Receivables:
Taxes receivable 2,404,743 2,404,743
Accounts receivable, net 180,813 267,741 111,722$ 560,276
Due from other funds 956,856 956,856
Prepaid items 166,583 283$ 166,866
Restricted assets:
Cash and cash equivalents 619,222 320,542 50$ 70,865 182,753 1,193,432
Other 825,000 825,000
Total assets 15,814,215$ 6,022,603$ 50$ 182,587$ 183,036$ 22,202,491$
LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES:
Liabilities:
Accounts payable 614,453$ 271,042$ 1,714$ 25,638$ 912,847$
Accrued liabilities 173,694 3,342 177,036
Other liabilities 244,823 161,536 406,359
Due to other funds 2,050 144,721 6,404 153,175
Total liabilities 1,032,970 273,092 146,435 196,920 1,649,417
Deferred inflows of resources:
Unavailable revenue 240,769 240,769
Total deferred inflows of resources 240,769 240,769
Fund balances (deficits):
Nonspendable:
Prepaid items 166,583 283 166,866
Restricted for:
Law enforcement 107,186 107,186
Road projects 36,152 36,152
Capital projects 36,459 1,145,542 1,182,001
Elmore County district improvements 454,272 454,272
Cultural and recreational 21,305 21,305
Debt service 50$ 50
Committed to:
Debt service 6,115,868 6,115,868
Capital projects 913,792 913,792
Assigned to:
Industrial park improvement fund 2,994,381 2,994,381
Parks and recreation 400,655 400,655
Infrastructure 54,372 54,372
Fire training 1 1
Capital equipment reserve 509,935 509,935
Other purposes 312,896 312,896
Unassigned 7,056,740 (14,167) 7,042,573
Total fund balances 14,781,245 5,508,742 50 36,152 (13,884) 20,312,305
Total liabilities, deferred inflows
of resources, and fund balances 15,814,215$ 6,022,603$ 50$ 182,587$ 183,036$ 22,202,491$
The accompanying notes are an integral part of these financial statements.
CITY OF PRATTVILLE, ALABAMA
BALANCE SHEET
GOVERNMENTAL FUNDS
SEPTEMBER 30, 2016
17
Total fund balances - governmental funds 20,312,305$
Land 2,719,938$
Construction in progress 534,225
751,472
3,617,620
1,982,672
2,409,877
41,944,081
53,959,885
Long-term receivables are not available to pay for current-period expenditures and, therefore,
are reported as deferred inflows of resources in the governmental funds. 240,769
(327,754)
Deferred outflows and inflows of resources are applicable to future periods
and, therefore are not reported in the governmental funds.
Deferred loss on advance refunding 1,189,629
Employer pension contribution 1,259,957
Difference between expected and actual earnings on plan investments 1,087,345
Excess earnings of pension plan investments (435,015)
Total deferred outflows and inflows of resources 3,101,916
Accrued interest on bonds 259,444
General obligation warrants and other notes payable 38,564,406
Unamortized debt issuance discounts (65,185)
Unamortized debt issuance premiums 1,334,988
Capitalized lease obligations 206,620
Compensated absences 1,127,036
Post-employment benefit plans other than pensions 3,133,192
Net pension obligation 12,230,870
(56,791,371)
Total net position of governmental activities 20,495,750$
The accompanying notes are an integral part of these financial statements.
Capital assets used in governmental activities are not financial resources and, therefore, are not reported
in the governmental funds. Those assets consist of:
Long-term liabilities, including general obligation warrants payable and capital leases, are not due and
payable in the current period and, therefore, are not reported in the governmental funds.
Total long-term liabilities
depreciation
Total capital assets
depreciation
Balances at September 30, 2016 were:
Infrastructure, net of $9,844,767 accumulated depreciation
Internal service funds are used by management to charge the costs of employee medical insurance to
individual funds. The assets and liabilities of the internal service fund are included in governmental
activities in the statement of net position.
Land improvements, net of $5,379,567 accumulated depreciation
Buildings and building improvements, net of $1,567,171 accumulated
Office, nonoffice, and computer equipment, net of $3,579,110 accumulated
Vehicles, net of $3,753,950 accumulated depreciation
CITY OF PRATTVILLE, ALABAMA
RECONCILIATION OF BALANCE SHEET OF
GOVERNMENTAL FUNDS TO STATEMENT OF NET POSITION
SEPTEMBER 30, 2016
Differences in amounts reported for governmental activities in the statement of net position on page 15.
18
GENERAL
FUND
CAPITAL
PROJECTS
FUND
DEBT
SERVICE
FUND
GAS TAX
SPECIAL
REVENUE
FUND
JUDICIAL
SPECIAL
REVENUE
FUND
TOTAL
GOVERNMENTAL
FUNDS
REVENUES:
Taxes 29,627,606$ 305,483$ 29,933,089$
Licenses and permits 5,971,164 5,971,164
Intergovernmental revenues 50,218 1,019,832 390,987$ 1,461,037
Charges and fees for services 875,957 875,957
Fines and forfeitures 124,690 393,400$ 518,090
Interest 83,678 9,048 64$ 98 92,888
Miscellaneous revenues 386,370 386,370
Total revenues 37,119,683 1,334,363 64 391,085 393,400 39,238,595
EXPENDITURES:
Current:
General government 5,737,466 441,447 6,178,913
Public works 4,238,376 1,908,162 718,082 6,864,620
Public safety 13,352,908 13,352,908
Cultural and recreational 1,904,284 1,904,284
Capital outlay 1,653,020 1,653,020
Debt service:
Principal payments 68,542 2,920,444 2,988,986
Interest and fiscal charges 91 1,209,029 1,209,120
Total expenditures 26,954,687 1,908,162 4,129,473 718,082 441,447 34,151,851
Excess of revenue over (under) expenditures 10,164,996 (573,799) (4,129,409) (326,997) (48,047) 5,086,744
OTHER FINANCING SOURCES (USES):
Insurance proceeds 65,199 48,676 113,875
Sale of general capital assets 24,192 24,192
Transfers in 1,353,068 4,129,452 122,917 5,605,437
Transfers out (8,301,001) (29,136) (47,700) (8,377,837)
Issuance of bonds 825,000 825,000
Capital lease 258,310 258,310
Total other financing sources (uses) (7,953,300) 2,197,608 4,129,452 122,917 (47,700) (1,551,023)
NET CHANGE IN FUND BALANCE 2,211,696 1,623,809 43 (204,080) (95,747) 3,535,721
FUND BALANCE - BEGINNING 12,569,549 3,884,933 7 240,232 81,863 16,776,584
FUND BALANCE - ENDING 14,781,245$ 5,508,742$ 50$ 36,152$ (13,884)$ 20,312,305$
The accompanying notes are an integral part of these financial statements.
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2016
19
Differences in amounts reported for governmental activities in the statement of activities on page 16.
Net change in fund balance - total governmental funds. 3,535,721$
Capital outlay, reported as expenditures in governmental funds, is shown as capital assets
3,238,265
2,800,000
(2,381,822)
(78,463)
240,769
Loan proceeds provide current financial resources to the governmental funds and thus
contribute to the change in fund balance. However, issuing debt increases long-term
liabilities in the statement of net position:
Bond proceeds (825,000)$
Capital lease financing (258,310)
(1,083,310)
The repayment of the principal of long-term debt consumes the current financial resources of
governmental funds, but has no effect on net position. Also, governmental funds report
the effect of premiums, discounts, and similar items when debt is first issued,
whereas these amounts are deferred and amortized in the statement of activities.
General obligation warrants payable 2,920,444
Limited obligation warrant 16,852
Capital leases 51,690
2,988,986
Some expenses reported in the statement of activities do not require the use of current
financial resources and, therefore, are not reported as expenditures in governmental funds:
Accrued interest payable 55,286
Compensated absences 23,807
Post-employment benefit plans other than pensions (392,057)
Change in net pension liability (1,938,658)
Change in deferred outflows for pension related items 1,249,283
Change in deferred inflows for pension related items 516,141
(486,198)
Amortization (8,863)
(8,863)
Internal service funds are used by management to charge the costs of employee
internal service funds is reported with governmental activities. (407,191)
Change in net position of governmental activities 8,357,894$
The accompanying notes are an integral part of these financial statements.
CITY OF PRATTVILLE, ALABAMA
RECONCILIATION OF STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO STATEMENT OF ACTIVITIES
appear in the governmental funds because they are not financial resources.
in the statement of net position.
Donations of capital assets increase net position in the statement of net position but do not
FOR THE YEAR ENDED SEPTEMBER 30, 2016
The net effect of transactions involving the sale of capital assets is to decrease net assets
medical insurance to individual funds. The net income (expense) of certain activities of
refunding, whereas these amounts are deferred and amortized in the
statement of activities:
Depreciation expense on governmental capital assets included in the governmental activities
in the statement of activities.
Governmental funds report the effect of premiums, discounts, and deferred loss on
in the statement of net position.
Revenues are reported in the funds when there is an established claim to the resources and the
resources are available to finance current expenditures. Revenues are reported in the
statement of activities when there is an established claim with no availability criterion.
20
ACTUAL AMOUNTS VARIANCE WITH
BUDGETARY FINAL BUDGET -
ORIGINAL FINAL BASIS POSITIVE (NEGATIVE)
REVENUES:
Taxes:
Sales and use taxes 21,763,600$ 21,763,600$ 23,261,064$ 1,497,464$
Real and personal property taxes 2,688,650 2,688,650 2,812,535 123,885
Lodging taxes 1,487,700 1,487,700 1,593,476 105,776
Local gasoline taxes 941,000 941,000 1,015,531 74,531
Rental taxes 362,000 362,000 388,975 26,975
Alcoholic beverage taxes 330,000 330,000 356,953 26,953
Tobacco taxes 135,000 135,000 121,636 (13,364)
Excise taxes 60,000 60,000 77,436 17,436
Total taxes 27,767,950 27,767,950 29,627,606 1,859,656
Licenses and permits:
Business licenses 4,923,500 4,923,500 5,018,332 94,832
Franchise fees 625,000 625,000 621,939 (3,061)
Building permits and
inspection fees 232,000 232,000 321,603 89,603
Yard sale and special event permits 8,850 8,850 9,290 440
Zoning and plat fees 70,000 70,000 (70,000)
Total licenses and permits 5,859,350 5,859,350 5,971,164 111,814
Charges and fees for services:
Ambulance fees 625,000 625,000 586,123 (38,877)
Recreation rentals 272,880 272,880 289,834 16,954
Total charges and fees for services 897,880 897,880 875,957 (21,923)
(Continued)
The accompanying notes are an integral part of these financial statements.
GENERAL FUND
BUDGETED AMOUNTS
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
CITY OF PRATTVILLE, ALABAMA
BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2016
21
ACTUAL AMOUNTS VARIANCE WITH
BUDGETARY FINAL BUDGET -
ORIGINAL FINAL BASIS POSITIVE (NEGATIVE)
REVENUES: (continued)
Fines and forfeitures:
Drug confiscation proceeds 52,000$ 52,000$ 103,093$ 51,093$
Penalties 30,000 30,000 21,597 (8,403)
Total fines and forfeitures 82,000 82,000 124,690 42,690
Intergovernmental revenue:
Grant income 75,000 75,000 50,218 (24,782)
Total intergovernmental revenue 75,000 75,000 50,218 (24,782)
Investment income:
Interest 48,000 48,000 83,678 35,678
Total investment income 48,000 48,000 83,678 35,678
Miscellaneous revenues:
Accident reports 9,150 9,150 7,171 (1,979)
Concessions 7,500 7,500 16,758 9,258
County commission - RTJ 50,000 50,000 58,000 8,000
Donations 85,000 85,000 85,424 424
Lambert property tower 18,060 18,060 19,871 1,811
Miscellaneous income 61,954 61,954 157,627 95,673
Parades 3,150 3,150 4,220 1,070
Performing and creative arts 18,020 18,020 36,792 18,772
Sex offender registration fee 600 600 507 (93)
Total miscellaneous revenues 253,434 253,434 386,370 132,936
Total revenues 34,983,614 34,983,614 37,119,683 2,136,069
(Continued)
The accompanying notes are an integral part of these financial statements.
BUDGETED AMOUNTS
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
CITY OF PRATTVILLE, ALABAMA
BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2016
22
ACTUAL AMOUNTS VARIANCE WITH
BUDGETARY FINAL BUDGET -
ORIGINAL FINAL BASIS POSITIVE (NEGATIVE)
EXPENDITURES:
General government:
Executive 251,691$ 249,399$ 263,387$ (13,988)$
Legislative 160,630 160,130 137,059 23,071
Administrative finance 567,061 564,231 553,837 10,394
Administrative city clerk 253,352 253,352 236,847 16,505
Human resources 285,304 282,954 272,108 10,846
Information technology 1,071,655 1,071,655 1,258,507 (186,852)
Vehicle maintenance 290,000 290,000 297,451 (7,451)
Sales tax incentives 950,000 950,000 935,374 14,626
Building 82,095 82,095 69,489 12,606
City/County services 260,000 260,000 260,000 -
Community initiatives 744,882 744,882 736,431 8,451
Appropriations 633,153 633,153 667,436 (34,283)
Total general government 5,549,823 5,541,851 5,687,926 (146,075)
Public works:
General public works 231,655 231,655 203,126 28,529
Planning and development 1,244,315 1,256,039 1,059,148 196,891
Urban management 1,502,774 1,502,774 1,485,917 16,857
Engineering 1,172,444 1,172,444 1,071,845 100,599
Facility maintenance 315,352 315,352 306,427 8,925
Total public works 4,466,540 4,478,264 4,126,463 351,801
Public safety:
Police 6,956,105 6,913,824 6,773,296 140,528
Fire 6,368,920 6,356,920 6,525,428 (168,508)
Total public safety 13,325,025 13,270,744 13,298,724 (27,980)
Cultural and recreation:
Parks and recreation 1,758,529 1,766,129 1,638,846 127,283
Performing and creative art 240,302 240,302 213,575 26,727
Total cultural and recreation 1,998,831 2,006,431 1,852,421 154,010
Capital outlay 1,508,421 1,737,596 1,701,353 36,243
Debt service:
Principal 61,500 61,500 65,951 (4,451)
Interest 8,000 8,000 2,682 5,318
Total debt service 69,500 69,500 68,633 867
Total expenditures 26,918,140 27,104,386 26,735,520 368,866
Excess of revenues over expenditures 8,065,474 7,879,228 10,384,163 2,504,935
(Continued)
The accompanying notes are an integral part of these financial statements.
CITY OF PRATTVILLE, ALABAMA
BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2016
BUDGETED AMOUNTS
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
23
ACTUAL AMOUNTS VARIANCE WITH
BUDGETARY FINAL BUDGET -
ORIGINAL FINAL BASIS POSITIVE (NEGATIVE)
OTHER FINANCING SOURCES (USES):
Insurance proceeds 10,000$ 40,000$ 65,199$ 25,199$
Sale of surplus equipment 85,500 91,500 24,192 (67,308)
Transfers to debt service fund (3,635,910) (3,635,910) (4,129,452) (493,542)
Transfers to internal service fund (2,239,770) (2,239,770) (2,724,700) (484,930)
Transfers to capital projects fund (1,353,068) (1,353,068)
Transfers to gas tax fund (93,781) (93,781)
Capital lease 258,310 258,310 258,310
Total other financing uses (5,521,870) (5,485,870) (7,953,300) (2,467,430)
Net change in fund balance,
budgetary basis 2,543,604$ 2,393,358$ 2,430,863 37,505$
Adjustment for reconciling items to adjust from
budgetary basis to modified accrual basis:
Change in encumbrances (219,167)
(219,167)
NET CHANGE IN FUND BALANCE, MODIFIED ACCRUAL BASIS 2,211,696
FUND BALANCE - BEGINNING 12,569,549
FUND BALANCE - ENDING 14,781,245$
The accompanying notes are an integral part of these financial statements.
BUDGETED AMOUNTS
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
CITY OF PRATTVILLE, ALABAMA
BUDGET AND ACTUAL
FOR THE YEAR ENDED SEPTEMBER 30, 2016
24
CITY OF PRATTVILLE, ALABAMA
ACTUAL AMOUNTS VARIANCE
BUDGETARY WITH
ORIGINAL FINAL BASIS BUDGET
REVENUES:
State gasoline and lubricating oil excise tax 257,500$ 257,500$ 390,987$ 133,487$
Interest income 98 98
Total revenues 257,500 257,500 391,085 133,585
EXPENDITURES:
Current operations:
Public works 620,695 620,695 718,082 (97,387)
Total expenditures 620,695 620,695 718,082 (97,387)
EXCESS OF REVENUES OVER (UNDER)
EXPENDITURES (363,195)$ (363,195)$ (326,997) 36,198$
OTHER FINANCING SOURCES:
Transfers in 122,917 122,917
Total other financing sources 122,917 122,917
NET CHANGE IN FUND BALANCE,
BUDGETARY BASIS (363,195)$ (363,195)$ (204,080) 159,115$
Deduct other reconciling items to adjust from
budgetary basis to modified accrual basis:
Change in encumbrances
NET CHANGE IN FUND BALANCE, MODIFIED ACCRUAL BASIS (204,080)
FUND BALANCE AT BEGINNING OF YEAR 240,232
FUND BALANCE AT END OF YEAR 36,152$
The accompanying notes are an integral part of these financial statements.
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
GAS TAX SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2016
BUDGETED AMOUNTS
25
ACTUAL AMOUNTS VARIANCE
BUDGETARY WITH
ORIGINAL FINAL BASIS BUDGET
REVENUES:
Fines and forfeitures 560,900$ 560,900$ 393,400$ (167,500)$
Total revenues 560,900 560,900 393,400 (167,500)
EXPENDITURES:
Current operations:
Public works 511,093 511,093 440,550 70,543
Total expenditures 511,093 511,093 440,550 70,543
EXCESS OF REVENUES OVER EXPENDITURES 49,807 49,807 (47,150) (96,957)
OTHER FINANCING USES:
Transfers out (47,700) (47,700) (47,700)
Total other financing uses (47,700) (47,700) (47,700)
NET CHANGE IN FUND BALANCE,
BUDGETARY BASIS 2,107$ 2,107$ (94,850) (96,957)$
Deduct other reconciling items to adjust from
budgetary basis to modified accrual basis:
Change in encumbrances (897)
(897)
NET CHANGE IN FUND BALANCE, MODIFIED ACCRUAL BASIS (95,747)
FUND BALANCE AT BEGINNING OF YEAR 81,863
FUND BALANCE AT END OF YEAR (13,884)$
The accompanying notes are an integral part of these financial statements.
BUDGETED AMOUNTS
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
JUDICIAL SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2016
26
SANITATION WASTEWATER TOTAL
GOVERNMENTAL
ACTIVITIES -
INTERNAL
SERVICE FUNDS
ASSETS:
Current assets:
Cash and cash equivalents 735,328$ 2,168,851$ 2,904,179$ 27,829$
Accounts receivables, net 203,316 326,577 529,893
Due from other funds 12,500 12,500
Prepaid items 23,843 6,424 30,267
Total current assets 962,487 2,514,352 3,476,839 27,829
Noncurrent assets:
Capital assets, not being depreciated 338,654 1,650,898 1,989,552
Capital assets, net of accumulated
depreciation 1,619,531 5,542,234 7,161,765
Total noncurrent assets 1,958,185 7,193,132 9,151,317
Total assets 2,920,672 9,707,484 12,628,156 27,829
DEFERRED OUTFLOWS:
Employer pension contributions 162,020 166,389 328,409
Total deferred outflows 162,020 166,389 328,409
LIABILITIES:
Current liabilities:
Accounts payable and accrued liabilities 87,580 233,600 321,180 355,583
Due to other funds 663,860 152,321 816,181
Current portion of long-term debt 265,355 117,946 383,301
Compensated absences 3,190 48,752 51,942
Total current liabilities 1,019,985 552,619 1,572,604 355,583
Noncurrent liabilities:
Long-term debt 1,007,483 392,934 1,400,417
Compensated absences 41,556 63,379 104,935
Net pension obligation 852,717 924,665 1,777,382
Total noncurrent liabilities 1,901,756 1,380,978 3,282,734
Total liabilities 2,921,741 1,933,597 4,855,338 355,583
DEFERRED INFLOWS:
Excess earnings of pension plan investments 30,812 36,166 66,978
Total deferred inflows 30,812 36,166 66,978
NET POSITION:
Net investment in capital assets 685,347 6,682,252 7,367,599
Unrestricted (deficit) (555,208) 1,221,858 666,650 (327,754)
Total net position 130,139$ 7,904,110$ 8,034,249 (327,754)$
Net position of business-type activities 8,034,249$
The accompanying notes are an integral part of these financial statements.
ENTERPRISE FUNDS
BUSINESS-TYPE ACTIVITIES -
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
SEPTEMBER 30, 2016
27
SANITATION WASTEWATER TOTAL
GOVERNMENTAL
ACTIVITIES -
INTERNAL
SERVICE FUNDS
OPERATING REVENUES:
Charges for goods and services 2,550,392$ 3,994,729$ 6,545,121$ 646,786$
Total operating revenues 2,550,392 3,994,729 6,545,121 646,786
OPERATING EXPENSES:
Cost of sales and services 778,710 307,793 1,086,503
Salaries and benefits 1,318,920 1,190,142 2,509,062
Repairs and maintenance 146,953 125,431 272,384
Utilities 5,612 426,163 431,775
Insurance 60,854 51,514 112,368
Other 25,193 62,727 87,920 489,788
Depreciation 265,564 478,544 744,108
Benefits paid 3,821,672
Total operating expenses 2,601,806 2,642,314 5,244,120 4,311,460
OPERATING INCOME (LOSS) (51,414) 1,352,415 1,301,001 (3,664,674)
NONOPERATING REVENUES (EXPENSES):
Gain on sale of capital assets 18,247 18,247
Interest income 252 4,600 4,852 133
Interest expense (6,594) (20,878) (27,472)
Total nonoperating revenues (expenses) (6,342) 1,969 (4,373) 133
Net income before transfers (57,756) 1,354,384 1,296,628 (3,664,541)
TRANSFERS IN 3,257,350
TRANSFERS OUT (278,250) (206,700) (484,950)
CHANGE IN NET POSITION (336,006) 1,147,684 811,678 (407,191)
TOTAL NET POSITION - BEGINNING, 466,145 6,756,426 79,437
TOTAL NET POSITION - ENDING 130,139$ 7,904,110$ (327,754)$
Change in net position of business-type activities 811,678$
The accompanying notes are an integral part of these financial statements.
ENTERPRISE FUNDS
BUSINESS-TYPE ACTIVITIES -
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
PROPRIETARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2016
28
SANITATION WASTEWATER TOTAL
GOVERNMENTAL
ACTIVITIES -
INTERNAL
SERVICE FUNDS
CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES:
Receipts from customers 2,538,216$ 3,957,936$ 6,496,152$
Receipts from interfund services provided 646,786$
Payments to suppliers (1,010,903) (1,001,422) (2,012,325) (4,340,649)
Payments to employees (1,328,792) (1,238,863) (2,567,655)
Net cash from (used for) operating activities 198,521 1,717,651 1,916,172 (3,693,863)
CASH FLOWS FROM (USED FOR)
NONCAPITAL FINANCING ACTIVITIES:
Transfers to other funds (278,250) (206,700) (484,950)
Transfers from other funds 3,257,350
Net cash payments from (to) other funds 401,030 120,345 521,375 (63)
Net cash from (used for) noncapital financing activities 122,780 (86,355) 36,425 3,257,287
CASH FLOWS FROM (USED FOR)
CAPITAL AND RELATED FINANCING ACTIVITIES:
Acquisition and construction of capital assets (1,374,364) (1,082,542) (2,456,906)
Proceeds from sale of capital assets 20,667 20,667
Proceeds from long-term debt 1,360,415 1,360,415
Principal paid on long-term debt (87,578) (545,913) (633,491)
Interest paid on long-term debt (6,594) (20,878) (27,472)
Net cash used for capital and related financing activities (108,121) (1,628,666) (1,736,787)
CASH FLOWS FROM INVESTING ACTIVITIES:
Interest received 252 4,600 4,852 133
Net cash from investing activities 252 4,600 4,852 133
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 213,432 7,230 220,662 (436,443)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 521,896 2,161,621 2,683,517 464,272
CASH AND CASH EQUIVALENTS, END OF YEAR 735,328$ 2,168,851$ 2,904,179$ 27,829$
RECONCILIATION OF OPERATING INCOME (LOSS) TO NET
CASH FROM (USED FOR) OPERATING ACTIVITIES:
Operating income (loss) (51,414)$ 1,352,415$ 1,301,001$ (3,664,674)$
Adjustments to reconcile operating income
to net cash provided by operations:
Depreciation expense 265,564 478,544 744,108
(Increase) decrease in assets and deferred outflows:
Accounts receivable (12,176) (36,793) (48,969)
Prepaid items (5,278) (1,115) (6,393)
Deferred outflows (85,324) (82,403) (167,727)
Increase (decrease) in liabilities and deferred inflows:
Accounts payable and accrued liabilities 122,775 43,590 166,365 (29,189)
Deferred inflows (35,626) (36,587) (72,213)
Net cash from (used for) operating activities 198,521$ 1,717,651$ 1,916,172$ (3,693,863)$
The accompanying notes are an integral part of these financial statements.
ENTERPRISE FUNDS
BUSINESS-TYPE ACTIVITIES -
CITY OF PRATTVILLE, ALABAMA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2016
29
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
30
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING 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 districts 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 Authority), and
the Historic Prattville Redevelopment Authority (HPRA), 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 governing body. Based on these
criteria, the Library is included as a component unit of the City for the year ended September 30, 2016.
The Library operates on a fiscal year ending September 30. Financial statements of the Library can be
obtained at its administrative office 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, 2016. The
Authority also operates on a fiscal year ending September 30. Financial statements of the Authority
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 HPRA 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, 2016. The Authority operates on a
fiscal year ending September 30. 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.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
31
NOTE 1 - 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. For the most part, the
effect of interfund activity has been removed from these statements. The exception to this is interfund
services provided and used which are eliminated in the consolidation process. 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 City’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:
General 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 fund - The capital projects fund is 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 tax special revenue fund - 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 - The judicial 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.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
32
NOTE 1 - 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 property taxes associated with the current fiscal period
are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal
period. 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 fund 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 taxes, 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.
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 program 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 programs, followed by
categorical block grants, and then by general revenues.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
33
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (continued)
Proprietary fund financial statements - 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) of providing 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 earned, 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 property 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 1 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 to/from other funds” (i.e., the noncurrent portion of
interfund loans). All other outstanding balances between funds are reported as “due to/from other
funds.” Any residual balances outstanding between the governmental activities and business-type
activities are reported in the government-wide financial statements as “internal balances.”
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 year-end are considered fully collectible and are recorded at net realizable value.
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 management's 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.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
34
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (continued)
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, 2016; therefore,
none are reported on the statement of net position.
Restricted assets - Resources from federal and state grants/loans, 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 governmental 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
acquisition value on the date of donation.
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:
ESTIMATED CAPITALIZATION
ASSET CLASS USEFUL LIVES THRESHOLD
Buildings and building
improvements 40 years 25,000$
Land improvements 20 years 25,000
Vehicles 5 - 15 years 5,000
Office, nonoffice, and
computer equipment 5 - 20 years 5,000
Infrastructure 50 years 50,000
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
35
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (continued)
Capital assets of the Prattville Airport Authority, a component unit, are depreciated using the straight-
line method over the following estimated useful lives:
ESTIMATED CAPITALIZATION
ASSET CLASS USEFUL LIVES THRESHOLD
Land improvements 20 years 5,000$
Building and improvements 3 - 40 years 5,000
Furniture and equipment 5 - 20 years 5,000
Runways 8 - 25 years 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:
ESTIMATED CAPITALIZATION
ASSET CLASS USEFUL LIVES THRESHOLD
Machinery and equipment 5 - 10 years 5,000$
Land improvements 20 years 25,000
Buildings 40 years 25,000
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 two items that qualify for reporting in this
category. The deferred loss on refunding is reported in the government-wide statement of net position.
A deferred 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. In addition, the City and Library each have one deferred outflow related to
the City’s pension plan. See Note 8.
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 City has two items that qualify for reporting in this
category, and the Library has one item that qualifies for reporting in this category. In the government
wide statement of activities, a deferred inflow of resources is reported for the the difference between
projected and actual earnings on pension plan investments for both the City and the Library. These
amounts are deferred and recognized as an inflow of resources in the period that the amounts become
earned. See Note 8.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
36
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (continued)
In addition, the City’s governmental funds report unavailable revenues from receivables collected
outside of the period of availabilty. These amounts are deferred and recognized as an inflow of
resources 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 maximum of 360 hours at current wage rates. Upon retirement,
an employee can receive payment of 50% of accumulated sick leave hours up to a maximum of 360
hours at current wage rates. All vacation and sick pay is accrued when incurred in the government-
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 statements, governmental fund types recognize bond premiums and discounts, as
well as bond issuance costs, 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.
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 amount 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 Fund 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.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
37
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (continued)
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 changed 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
satisfying 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
resources 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.
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.
Pensions - The Employees' Retirement System of Alabama (the Plan) financial statements are prepared
using the economic resources measurement focus and accrual basis of accounting. Contributions are
recognized as revenues when earned, pursuant to the Plan requirements. Benefits and refunds are
recognized when due and payable in accordance with the terms of the Plan. Expenses are recognized
when the corresponding liability is incurred, regardless of when the payment is made. Investments are
reported at fair value. Financial statements are prepared in accordance with requirements of the
Governmental Accounting Standards Board (GASB). Under these requirements, the Plan is considered
a component unit of the State of Alabama and is included in the State's Comprehensive Annual
Financial Report.
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.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
38
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 departments. Management can approve transfers within an individual department only. Actual
expenditures should not exceed appropriations in departments.
Appropriations lapse at the end of the fiscal year unless expended or encumbered. Encumbered
appropriations are carried forward. Encumbrances (e.g., purchase orders, contracts) 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.
GENERAL
FUND
Net change in fund balance, modified accrual basis 2,211,696$
Encumbrances at beginning of the year 500,741
Encumbrances at end of the year (281,574)
Net change in fund balance, budgetary basis 2,430,863$
JUDICIAL SPECIAL
REVENUE FUND
Net change in fund balance, modified accrual basis (95,747)$
Encumbrances at beginning of the year 897
Net change in fund balance, budgetary basis (94,850)$
Deficit net position - The City had a deficit unrestricted net position at September 30, 2016 of
$24,934,891. This deficit represents the indebtedness incurred for incentive obligations including the
purchase of development property supporting the significant retail development activities within the
City which originated in the fiscal years ended 2006 and 2008. In 2015 the deficit increased because
of the adoption of GASB Statement No. 68 and recognition of the net pension liability. See Note 8.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
39
NOTE 2 - STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY: (continued)
Deficit fund equity - Funds with deficit fund balance or net position are as follows:
DEFICIT
AMOUNT
Judicial special revenue fund 13,884$
Internal service fund 327,754
The deficit in the judicial special revenue fund is the result of current year expenditures exceeding
revenues and transfers in. The deficit in the internal service fund is a result of actual costs exceeding
the amounts charged to other departments in previous years. The City’s intent is to appropriate funds
from the general fund in order to reduce the deficits and to increase the contribution rates to the internal
service fund.
NOTE 3 - CASH, CASH EQUIVALENTS, 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 program is a multiple financial collateral pool
administered by the State Treasurer according to State of Alabama statute.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
40
NOTE 4 - CAPITAL ASSETS:
Capital asset activity for the City’s governmental activities for the year ended September 30, 2016 was
as follows:
BEGINNING ENDING
BALANCE INCREASE DECREASE BALANCE
Governmental activities:
Capital assets, not being
depreciated:
Construction in progress 1,949,381$ 1,585,247$ 3,000,403$ 534,225$
Land 2,649,938 70,000 2,719,938
Total capital assets, not
being depreciated 4,599,319 1,655,247 3,000,403 3,254,163
Capital assets, being depreciated:
Buildings and building
improvements 5,164,671 20,120 5,184,791
Land improvements 6,105,216 25,823 6,131,039
Vehicles 5,638,762 1,211,939 686,874 6,163,827
Office, nonoffice, and
computer equipment 5,592,114 325,136 355,468 5,561,782
Infrastructure 45,988,445 5,800,403 51,788,848
Total capital assets,
being depreciated 68,489,208 7,383,421 1,042,342 74,830,287
Less accumulated depreciation for:
Buildings and building
improvements 1,432,529 134,642 1,567,171
Land improvements 5,177,016 202,551 5,379,567
Vehicles 3,724,607 659,061 629,718 3,753,950
Office, nonoffice, and
computer equipment 3,534,819 378,452 334,161 3,579,110
Infrastructure 8,837,651 1,007,116 9,844,767
Total accumulated
depreciation 22,706,622 2,381,822 963,879 24,124,565
Total capital assets,
being depreciated, net 45,782,586 5,001,599 78,463 50,705,722
Governmental activities
capital assets, net 50,381,905$ 6,656,846$ 3,078,866$ 53,959,885$
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
41
NOTE 4 - CAPITAL ASSETS: (continued)
Capital asset activity for the City’s business-type activities for the year ended September 30, 2016 was
as follows:
BEGINNING ENDING
BALANCE INCREASE DECREASE BALANCE
Business-type activities:
Capital assets, not being
depreciated:
Construction in progress 708,734$ 855,301$ 831,502$ 732,533$
Land 1,257,019 1,257,019
Total capital assets, not
being depreciated 1,965,753 855,301 831,502 1,989,552
Capital assets, being depreciated:
Buildings and building
improvements 5,889,762 880,992 6,770,754
Land improvements 3,221,430 49,490 3,270,920
Vehicles 1,912,684 1,492,675 210,417 3,194,942
Office, nonoffice, and
computer equipment 1,865,905 9,950 46,617 1,829,238
Total capital assets,
being depreciated 12,889,781 2,433,107 257,034 15,065,854
Less accumulated depreciation for:
Buildings and building
improvements 2,870,822 163,358 3,034,180
Land improvements 1,797,187 154,807 1,951,994
Vehicles 1,408,827 303,987 210,417 1,502,397
Office, nonoffice, and
computer equipment 1,337,758 121,956 44,196 1,415,518
Total accumulated
depreciation 7,414,594 744,108 254,613 7,904,089
Total capital assets,
being depreciated, net 5,475,187 1,688,999 2,421 7,161,765
Business-type activities
capital assets, net 7,440,940$ 2,544,300$ 833,923$ 9,151,317$
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
42
NOTE 4 - CAPITAL ASSETS: (continued)
Depreciation expense was charged to functions/programs of the primary government as follows:
Governmental activities:
General government 1,082,067$
Public works 382,358
Public safety 677,580
Cultural and recreational 239,817
Total depreciation expense - governmental activities 2,381,822$
Business-type activities:
Sanitation 265,564$
Wastewater 478,544
Total depreciation expense - business-type activities 744,108$
Component units - Capital asset activity for the Autauga-Prattville Public Library for the fiscal year
ended September 30, 2016 is as follows:
BEGINNING ENDING
BALANCE INCREASE DECREASE BALANCE
Capital assets, being depreciated:
Equipment 160,475$ 160,475$
Total capital assets,
being depreciated 160,475 160,475
Less: Accumulated depreciation 116,400 7,520$ 123,920
Total capital assets,
being depreciated, net 44,075$ (7,520)$ -$ 36,555$
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
43
NOTE 4 - CAPITAL ASSETS: (continued)
Capital asset activity for the Prattville Airport Authority for the fiscal year ended September 30, 2016
is as follows:
BEGINNING ENDING
BALANCE INCREASE DECREASE BALANCE
Capital assets, not being depreciated:
Land 2,665,160$ 22,172$ 2,687,332$
Construction in progress 19,272 19,272$
Total capital assets,
not being depreciated 2,684,432 22,172 19,272 2,687,332
Capital assets, being depreciated:
Land improvements 1,495,301 1,495,301
Runways 6,708,698 6,708,698
Building improvements 1,411,009 1,411,009
Furniture and equipment 494,422 494,422
Total capital assets,
being depreciated 10,109,430 10,109,430
Less: Accumulated depreciation
Land improvements 709,907 74,765 784,672
Runways 3,030,702 233,306 3,264,008
Building improvements 498,478 32,214 530,692
Furniture and equipment 90,750 26,246 116,996
Total accumulated depreciation 4,329,837 366,531 4,696,368
Total capital assets,
being depreciated, net 5,779,593 (366,531) 5,413,062
Total capital assets, net 8,464,025$ (344,359)$ 19,272$ 8,100,394$
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
44
Capital asset activity for the Historic Prattville Redevelopment Authority for the fiscal year ended
September 30, 2016 is as follows:
BEGINNING ENDING
BALANCE INCREASE DECREASE BALANCE
Capital assets, not being depreciated:
Land 184,500$ 184,500$
Construction in progress 1,804,188 1,676,520$ 3,480,708
Total capital assets,
not being depreciated 1,988,688 1,676,520 3,665,208
Capital assets, being depreciated:
Land improvements 12,000 12,000
Building improvements 285,000 285,000
Machinery and equipment 23,000 23,000
Total capital assets,
being depreciated 320,000 - 320,000
Less: Accumulated depreciation 101,398 7,908 109,306
Total capital assets,
being depreciated, net 218,602 (7,908) 210,694
Total capital assets, net 2,207,290$ 1,668,612$ -$ 3,875,902$
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.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
45
The composition of interfund receivables and payables as of September 30, 2016 consists of the
following:
RECEIVABLE FUND PAYABLE FUND AMOUNT
General Gas tax special revenue fund 144,721$
General Capital projects fund 2,050
General Judicial fund 6,404
General Sanitation 651,360
General Wastewater 152,321
Wastewater Sanitation 12,500
Total 969,356$
The following is a schedule of interfund transfers for the year ended September 30, 2016:
TRANSFER OUT
CAPITAL DEBT GAS TAX INTERNAL
PROJECTS SERVICE SPECIAL SERVICE
FUND FUND REVENUE FUND FUND TOTAL
General fund 1,353,068$ 4,129,452$ 93,781$ 2,724,700$ 8,301,001$
Capital projects fund 29,136 29,136
Judicial special revenue fund 47,700 47,700
Sanitation fund 278,250 278,250
Wastewater fund 206,700 206,700
Totals 1,353,068$ 4,129,452$ 122,917$ 3,257,350$ 8,862,787$
TRANSFER IN
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.
NOTE 6 - LONG-TERM DEBT:
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 20% of the assessed value of taxable property as of the
beginning of the fiscal year. As of September 30, 2016, the amount of outstanding debt applicable to
this limit was equal to 9.90% of property assessments as of October 1, 2015.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
46
NOTE 6 - LONG-TERM DEBT: (continued)
Long-term liability activity for the year ended September 30, 2016, was as follows:
DUE
WITHIN
BEGINNING ENDING ONE
BALANCE ADDITIONS REDUCTIONS BALANCE YEAR
Governmental activities:
Warrant and other notes payable 39,130,444$ 825,000$ 2,920,444$ 37,035,000$ 2,315,000$
Limited obligation warrant 1,546,258 16,852 1,529,406
Less deferred amounts:
Debt issuance discounts (73,289) (8,104) (65,185)
Add deferred amounts:
Debt issuance premiums 1,553,466 218,478 1,334,988
Total warrants and
other notes payable 42,156,879 825,000 3,147,670 39,834,209 2,315,000
Capital leases 258,310 51,690 206,620 51,362
Compensated absences 1,150,843 564,931 588,738 1,127,036 264,753
Post-employment benefits other
than pensions 2,741,135 416,294 24,237 3,133,192
Net pension liability 10,292,212 3,969,680 2,031,022 12,230,870
Governmental activities long-term
liabilities 56,341,069 6,034,215 5,843,357 56,531,927 2,631,115
Business-type activities:
General obligation warrants 1,056,794 1,360,415 633,491 1,783,718 383,301
Compensated absences 173,179 58,373 74,675 156,877 51,942
Net pension liability 1,506,145 555,396 284,159 1,777,382
Business-type activities
long-term liabilities 2,736,118 1,974,184 992,325 3,717,977 435,243
Total long-term debt 59,077,187$ 8,008,399$ 6,835,682$ 60,249,904$ 3,066,358$
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
47
NOTE 6 - LONG-TERM DEBT: (continued)
Long-term debt at September 30, 2016 consists of the following:
Governmental activities:
TOTAL
2009 General Obligation Refunding Warrants; principal amount $6,315,000;
graduated principal payments are due annually beginning on September 1,
2010 and semiannual interest payments due each March 1 and September 1,
beginning March 1, 2010; interest rate ranges from 2% to 4%; rate on current
bonds 3%; final payment is due September 1, 2022. Proceeds used to refund
the 2001 and 2002 Warrants.3,310,000$
General Obligation Chevron Warrants Series 2009A; principal amount
$1,820,000; graduated principal payments are due annually beginning on
December 1, 2010 and semiannual interest payments due each June 1 and
December 1, beginning June 1, 2010; interest rate ranges from 2.2% to 4.5%;
rate on current bonds 2.2%; final payment is due December 1, 2029.
Proceeds used for the acquisition, construction, installation, and equipping of
certain energy efficient improvements.1,605,000
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 1 and
March 1, beginning September 30, 2013; interest rate ranges from .80% to
2.75%; rate on current bonds 2.00%; final payment is due March 1, 2027.
Proceeds used for the partial refunding of the Series 2006A General
Obligation Economic Development Improvement Warrants.9,345,000
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 4.00%;
rate on current bonds 2.00%; final payment is due March 1, 2026. Proceeds
used for the partial refunding of the Series 2007 General Obligation Economic
Development Improvement Warrants.9,745,000
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
48
NOTE 6 - LONG-TERM DEBT: (continued)
TOTAL
General Obligation Refunding Warrants Series 2015; principal amount
$12,280,000; graduated principal payments are due annually beginning
November 1, 2015 and semiannual interest payments due each November 1
and May 1, beginning November 1, 2015; interest rate ranges from 1.5% to
5.0%; rate on current bonds 2.0%; final payment is due November 1, 2025.
Proceeds used for the partial refunding of the Series 2006A General
Obligation Economic Development Improvement Warrants and partial
refunding of the Series 2006B General Obligation Economic Development
Improvement Warrants. 12,205,000$
Special Authority Loan with Alabama Water Pollution Control Authority and
Alabama Department of Environmental Management; principal amount
$825,000; graduated principal payments due annually beginning February 15,
2017 and semiannual interest payments due each February 15 and August 15,
beginning February 15, 2017; interest rate 1.45% from July 15, 2016 to
October 31, 2016 and 2.20% thereafter; final payment is February 15, 2036;
partial principal forgiveness of $410,000 as of August 1, 2017 provided terms
are met; includes issuance of General Obligation Warrants Series 2016-
CWSRF-DL totaling $415,000 as evidence of indebtedness. Proceeds will be
used for the North Silver Hills Drainage Canal Restoration.825,000
Total governmental activities 37,035,000
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
49
NOTE 6 - LONG-TERM DEBT: (continued)
TOTAL
Business-type activities:
General Obligation Sewer Warrant, Series 2013; principal amount $900,000;
monthly principal and interest payments of $11,570 due monthly beginning
on September 15, 2013; interest rate of 2.190%; final maturity date is August
15, 2020. Proceeds used to pay for purchase of property to be used as a waste
water byproduct application site.510,880$
General Obligation Revenue Warrant, Series 2016; principal amount of
$1,360,415; monthly principal and interest payments of $23,543 due monthly
beginning on June 27, 2016; interest rate of 1.49%; final maturity date is May
27, 2021. Proceeds were used to purchase sanitation trucks.1,272,838
Total business-type activities 1,783,718
Total general obligation warrants 38,818,718$
Limited obligation warrant - The City issued Limited Obligation Warrant, Series 2006B in the amount
of $1,594,489 for the construction of infrastructure. The warrant bears a -0-% 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 75% of the sales tax
revenue remitted by retail establishments located on the specified property. As of September 30, 2016,
the City had redeemed $68,083 of the outstanding warrants. The balance on the warrant at
September 30, 2016 is $1,529,406.
The Limited Obligation Warrant does not constitute a direct obligation and pledge of the full faith and
credit of the City.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
50
NOTE 6 - LONG-TERM DEBT: (continued)
Debt service requirements on long-term debt at September 30, 2016 are as follows:
PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST TOTAL
YEAR ENDING
SEPTEMBER 30:
2017 2,698,301$ 1,125,618$ 3,823,919$ 2,315,000$ 1,098,187$ 3,413,187$ 383,301$ 27,431$ 410,732$
2018 3,745,792 1,034,311 4,780,103 3,345,000 1,013,745 4,358,745 400,792 20,566 421,358
2019 3,862,781 920,466 4,783,247 3,455,000 906,890 4,361,890 407,781 13,576 421,357
2020 3,979,551 804,062 4,783,613 3,575,000 797,600 4,372,600 404,551 6,462 411,013
2021 3,872,293 700,154 4,572,447 3,685,000 699,106 4,384,106 187,293 1,048 188,341
2022 - 2026 17,645,000 1,794,106 19,439,106 17,645,000 1,794,106 19,439,106
2027 - 2031 2,480,000 104,526 2,584,526 2,480,000 104,526 2,584,526
2032 - 2036 2,064,406 6,875 2,071,281 2,064,406 6,875 2,071,281
Totals 40,348,124$ 6,490,118$ 46,838,242$ 38,564,406$ 6,421,035$ 44,985,441$ 1,783,718$ 69,083$ 1,852,801$
TOTAL ANNUAL REQUIREMENTS GOVERNMENTAL ACTIVITIES BUSINESS-TYPE ACTIVITIES
Capital leases - The City has entered into lease agreements as lessee for financing the acquisition of
property and equipment. These lease agreements qualify as capital leases for accounting purposes and,
therefore, have been recorded at the present value of their future minimum lease payments as of the
inception date.
The assets acquired through capital leases are as follows:
GOVERNMENTAL
ASSET ACTIVITIES
Vehicles 258,310$
Less: Accumulated depreciation 8,310
Total 250,000$
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
51
NOTE 6 - LONG-TERM DEBT: (continued)
The future minimum lease obligations and the net present value of these minimum lease payments as
of September 30, 2016, were as follows:
YEAR ENDING SEPTEMBER 30: AMOUNT
2017 54,372$
2018 54,372
2019 54,372
2020 54,372
Total minimum lease payments 217,488
Less amount representing interest 10,868
Present value of minimum lease payments 206,620$
GOVERNMENTAL ACTIVITIES
Component units - The Prattville Airport Authority’s capital debt at September 30, 2016 is as follows:
Revenue and Grant Anticipation Bond Series 2014 - River Bank & Trust;
$551,266; ; interest rate of 4.69% until April 1, 2029; principal and interest
due monthly beginning May 22, 2014; secured by pledge of all revenues,
rents, receipts, income, and funds derived by the Airport Authority.486,810$
Total long-term capital debt 486,810$
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
52
NOTE 6 - LONG-TERM DEBT: (continued)
Maturities on capital debt are as follows:
PRINCIPAL INTEREST TOTAL
YEAR ENDING SEPTEMBER 30:
2017 28,968$ 22,519$ 51,487$
2018 30,375 21,112 51,487
2019 31,852 19,635 51,487
2020 33,349 18,138 51,487
2021 35,021 16,466 51,487
2022 - 2026 202,315 55,119 257,434
2027 - 2029 124,930 8,068 132,998
Totals 486,810$ 161,057$ 647,867$
CITY OF PRATTVILLE AIRPORT AUTHORITY
Total interest cost on capital debt in 2016 was $23,894.
Capital debt activity for the year ended September 30, 2016 was as follows:
BEGINNING ENDING DUE WITHIN
BALANCE ADDITIONS REDUCTIONS BALANCE ONE YEAR
Revenue and grant anticipation
Bond - River Bank & Trust 514,371$ 27,561$ 486,810$ 28,968$
Totals 514,371$ -$ 27,561$ 486,810$ 28,968$
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
53
NOTE 6 - LONG-TERM DEBT: (continued)
The Historic Prattville Redevelopment Authority's notes payable at September 30, 2016 are as
follows:
Trustmark National Bank secured by real estate; monthly principal and
interest payments of $1,811; interest rate of 4.34%; final maturity date is
December 5, 2019. Proceeds used to purchase real estate.110,294$
Trustmark National Bank unsecured; monthly principal and interest
payments of $291; interest rate of 4.34%; maturity date of
December 15, 2019. 10,542
Series 2016 Redevelopment Bonds; principal amount of $4,780,000;
graduated principal payments due annually beginning March 1, 2017 and
semiannual interest payments due each September 1 and March 1,
beginning September 1, 2016; interest rate ranges from 1.700% to 3.625%;
final payment is due March 1, 2046. A portion of the proceeds were used
to redeem the outstanding loan of $1,755,250 to Southeastern Commercial
Finance and the remainder will be used to renovate the administrative
building which will be leased to the City of Prattville, Alabama.4,780,000
Total 4,900,836$
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
54
NOTE 6 - LONG-TERM DEBT: (continued)
Notes payable maturities at September 30, 2016 are as follows:
PRINCIPAL INTEREST TOTAL
YEAR ENDING SEPTEMBER 30:
2017 130,320$ 140,725$ 271,045$
2018 136,231 137,563 273,794
2019 137,186 134,310 271,496
2020 172,099 129,573 301,672
2021 120,000 126,616 246,616
2022 - 2026 630,000 598,916 1,228,916
2027 - 2031 710,000 525,955 1,235,955
2032 - 2036 800,000 425,425 1,225,425
2037 - 2041 940,000 288,081 1,228,081
2042 - 2046 1,125,000 104,853 1,229,853
Totals 4,900,836$ 2,612,017$ 7,512,853$
HISTORIC PRATTVILLE
REDEVELOPMENT AUTHORITY
Long-term debt activity for the Historic Prattville Redevelopment Authority for the year ended
September 30, 2016, was as follows:
BEGINNING ENDING DUE WITHIN
BALANCE ADDITIONS REDUCTIONS BALANCE ONE YEAR
Redevelopment bonds 4,780,000$ 4,780,000$ 110,000$
Notes payable 1,895,517$ 1,774,681$ 120,836 20,320
Less deferred amounts:
Debt issuance discounts (61,760) (1,447) (60,313)
Totals 1,895,517$ 4,718,240$ 1,773,234$ 4,840,523$ 130,320$
NOTE 7 - NOTES PAYABLE:
The City issued variable rate General Obligation Note, Series 2011A dated May 1, 2011 in the amount
of $1,000,000. The proceeds of the note were used as a line of credit for paying operation expenditures
as needed for the City. The line of credit was most recently renewed on June 30, 2016 with a maturity
date of June 30, 2017. At September 30, 2016, the balance of the loan had been paid in full.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
55
NOTE 8 - PENSION PLAN:
Plan description - The Employees' Retirement System of Alabama (ERS), an agency multiple-employer
plan, was established October 1, 1945 under the provisions of Act 515 of the Legislature of 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 the general administration and operation of ERS is vested in its Board of Control.
The ERS Board of Control consists of 13 trustees. The Plan is administered by the Retirement Systems
of Alabama (RSA). Title 36-Chapter 27 of the Code of Alabama grants the Board to establish and
amend the benefit terms to the ERS Board of Control. The Plan issues a publicly available financial
report that can be obtained at www.rsa-al.gov.
The ERS Board of Control consists of 13 trustees as follows:
1) The Governor, ex officio.
2) The State Treasurer, ex officio.
3) The State Personnel Director, ex officio.
4) The State Director of Finance, ex officio.
5) Three vested members of ERS appointed by the Governor for a term of four years, no
two of whom are from the same department of state government nor from any department
of which an ex officio trustee is the head.
6) Six members of ERS who are elected by members from the same category of ERS for a
term of four years as follows:
a. Two retired members with one from the ranks of retired state employees and
one from the ranks of retired employees of a city, county, or a public agency
each of whom is an active beneficiary of ERS.
b. Two vested active state employees.
c. Two vested active employees of an employer participating in ERS pursuant to
§ 36-27-6.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
56
NOTE 8 - PENSION PLAN: (continued)
Benefits provided - State law establishes retirement benefits as well as death and disability benefits and
any ad hoc increase in postretirement benefits for the ERS. Benefits for ERS members vest after ten
years of creditable service. State employees who retire after age 60 (52 for State Police) with ten years
or more of creditable service or with 25 years of service (regardless of age) are entitled to an annual
retirement benefit, payable monthly for life. Local employees who retire after age 60 with ten years or
more of creditable service or with 25 or 30 years of service (regardless of age), depending on the
particular entity's election, are entitled to an annual retirement benefit, payable monthly for life. Service
and disability retirement benefits are based on a guaranteed minimum or a formula method, with the
member receiving payment under the method that yields the highest monthly benefit. Under the
formula method, members of the ERS (except State Police) are allowed 2.0125% of their average final
compensation (highest three of the last ten years) for each year of service. State Police are allowed
2.8750% for each year of State Police service in computing the formula method.
Act 377 of the Legislature of 2012 established a new tier of benefits (Tier 2) for members hired on or
after January 1, 2013. Tier 2 ERS members are eligible for retirement after age 62 (56 for State Police)
with ten years or more of creditable service and are entitled to an annual retirement benefit, payable
monthly for life. Service and disability retirement benefits are based on a guaranteed minimum or a
formula method, with the member receiving payment under the method that yields the highest monthly
benefit. Under the formula method, Tier 2 members of the ERS (except State Police) are allowed
1.6500% of their average final compensation (highest five of the last ten years) for each year of service.
State Police are allowed 2.3750% for each year of state police service in computing the formula method.
Members are eligible for disability retirement if they have ten years of credible service, are currently
in-service, and determined by the RSA Medical Board to be permanently incapacitated from further
performance of duty. Preretirement death benefits are calculated and paid to the beneficiary on the
member's age, service credit, employment status, and eligibility for retirement.
The ERS serves approximately 846 local participating employers. These participating employers
include 287 cities, 65 counties, and 494 other public entities. The ERS membership includes
approximately 83,874 participants. As of September 30, 2015, membership consisted of:
ERS CITY
Retirement and beneficiaries currently receiving benefits 22,211 100
Terminated employees entitled to but not yet receiving benefits 1,353 3
Terminated employees not entitled to a benefit 5,451 20
Active members 55,378 331
Totals 84,393 454
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
57
NOTE 8 - PENSION PLAN: (continued)
Contributions - Tier I covered members of the ERS contributed 5.00% of earnable compensation to the
ERS as required by statute until September 30, 2011. From October 1, 2011, to September 30, 2012,
covered members of the ERS were required by statute to contribute 7.25% of earnable compensation.
Effective October 1, 2012, covered members of the ERS are required by statute to contribute 7.50% of
earnable compensation. Certified law enforcement, correctional officers, and firefighters of the ERS
contributed 6.00% of earnable compensation as required by statute until September 30, 2011. From
October 1, 2011, to September 30, 2012, certified law enforcement, correctional officers, and
firefighters of the ERS were required by statute to contribute 8.25% of earnable compensation.
Effective October 1, 2012, certified law enforcement, correctional officers, and firefighters of the ERS
are required by statute to contribute 8.50% of earnable compensation. State Police of the ERS
contribute 10.00% of earnable compensation. ERS local participating employers are not required by
statute to increase contribution rates for their members.
Tier 2 covered members of the ERS contribute 6.00% of earnable compensation to the ERS as required
by statute. Tier 2 certified law enforcement, correctional officers, and firefighters of the ERS are
required by statute to contribute 7.00% of earnable compensation. Tier 2 State Police members of the
ERS contribute 10.00% of earnable compensation. These contributions rates are the same for Tier 2
covered members of ERS local participating employers.
The ERS establishes rates based upon an actuarially determined rate recommended by an independent
actuary. The actuarially determined rate is the estimated amount necessary to finance the costs of
benefits earned by employees during the year, with additional amounts to finance any unfunded accrued
liability, the pre-retirement death benefit, and administrative expenses of the Plan. For the year ended
September 30, 2016, the City’s average active employee contribution rate was 5.76% of covered
employee payroll, and the City’s average employer contribution rate to fund the normal and accrued
liability costs was 9.54% of covered employee payroll.
The City’s contractually required contribution rate for the year ended September 30, 2016 was 9.55%
of pensionable pay for Tier 1 employees, and 7.33% of pensionable pay for Tier 2 employees. These
required contribution rates are based upon the actuarial valuation dated September 30, 2013, a percent
of annual pensionable payroll, and actuarially determined as an amount that, when combined with
member contributions, is expected to finance the costs of benefits earned by members during the year,
with an additional amount to finance any unfunded accrued liability. Total employer contributions to
the pension plan from the City were $1,436,237 for the year ended September 30, 2016.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
58
NOTE 8 - PENSION PLAN: (continued)
The City’s net pension liability was measured as of September 30, 2015, and the total pension liability
used to calculate the net pension liability was determined by an actuarial valuation as of
September 30, 2014 rolled forward to September 30, 2015 using standard roll-forward techniques as
shown in the following table:
EXPECTED ACTUAL
(a) Total pension liability as of September 30, 2014 49,766,427$ 49,227,839$
(b)Entry age normal cost for
October 1, 2014 - September 30, 2015 1,212,096 1,212,096
(c) Actual benefit payments and refunds for
October 1, 2014 - September 30, 2015 (2,315,181) (2,315,181)
(d)Total pension liability as of September 30, 2015
= [(a) x (1.08)] + (b) - [(c) x (1.04)] 52,552,049$ 51,970,374$
(e) Difference between expected and actual
experience (gain)/loss (581,675)$
Actuarial assumptions - The total pension liability in the September 30, 2014 actuarial valuation was
determined using the following actuarial assumptions, applied to all periods included in the
measurement:
Inflation 3.00%
Salary increases 3.75% - 7.25%
Investment rate of return * 8.00%
* Net of pension plan investment expense
Mortality rates for ERS were based on the RP-2000 Combined Mortality Table Projected with Scale
AA to 2015 set forward three years for males and two years for females. The rates of mortality for the
period after disability retirement are according to the sex distinct RP-2000 Disability Mortality Table.
The actuarial assumptions used in the September 30, 2014 valuation were based on the results of an
actuarial experience study for the period October 1, 2005 to September 30, 2010.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
59
NOTE 8 - PENSION PLAN: (continued)
The long-term expected rate of return on pension plan investments was determined using a log-normal
distribution analysis in which best-estimate ranges of expected future real rates of return (expected
returns, net of pension plan investment expense and inflation) are developed for each major asset
class. These ranges are combined to produce the long-term expected rate of return by weighting the
expected future real rates of return by the target asset allocation percentage and by adding expected
inflation. The target asset allocation and best estimates of geometric real rates of return for each major
asset class are as follows:
LONG-TERM
EXPECTED
TARGET RATE OF
ALLOCATION RETURN
Fixed income 25.00% 5.00%
Domestic large cap equity 34.00% 9.00%
Domestic mid cap equity 8.00% 12.00%
Domestic small cap equity 3.00% 15.00%
International developed equity 15.00% 11.00%
Emerging market equity 3.00% 16.00%
Real estate 10.00% 7.50%
Cash equivalents 2.00% 1.50%
Total 100.00%
Discount rate - The discount rate used to measure the total pension liability was the long-term rate of
return, 8.00%. The projection of cash flows used to determine the discount rate assumed that plan
member contributions will be made at the current contribution rate and that the employer contributions
will be made in accordance with the funding policy adopted by the ERS Board of Control. Based on
those assumptions, components of the pension plan's fiduciary net position were projected to be
available to make all projected future benefit payments of current plan members. Therefore, the long-
term expected rate of return on pension plan investments was applied to all periods of projected benefit
payments to determine the total pension liability.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
60
NOTE 8 - PENSION PLAN: (continued)
Changes in net pension liability:
TOTAL PLAN NET
PENSION FIDUCIARY PENSION
LIABILITY NET POSITION LIABILITY
(a) (b) (a)-(b)
Balances at September 30, 2014 49,766,427$ 37,968,070$ 11,798,357$
Changes for the year:
Service cost 1,212,096 1,212,096
Interest 3,888,707 3,888,707
Changes of assumptions
Difference between expected and actual
experience (581,675) (581,675)
Contributions - employer 1,209,263 (1,209,263)
Contributions - employee 806,208 (806,208)
Net investment income 447,754 (447,754)
Benefit payments, including refunds
(2,315,181) (2,315,181)
Transfer amount employers (153,992) 153,992
Net changes 2,203,947 (5,948) 2,209,895
Balances at September 30, 2015 51,970,374$ 37,962,122$ 14,008,252$
INCREASE (DECREASE)
of employee contributions
Sensitivity of the net pension liability to changes in the discount rate - The following table presents the
City’s net pension liability calculated using the discount rate of 8.00%, as well as what the City’s
proportionate share of the net pension liability would be if it were calculated using a discount rate that
is 1-percentage point lower (7.00%) or 1-percentage point higher (9.00%) than the current rate:
1.00% CURRENT 1.00%
DECREASE RATE INCREASE
(7.00%) (8.00%) (9.00%)
City's net pension liability 20,716,037$ 14,008,252$ 8,376,339$
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
61
NOTE 8 - PENSION PLAN: (continued)
Pension plan fiduciary net position - Detailed information about the pension plan's fiduciary net
position is available in the separately issued RSA Comprehensive Annual Report for the fiscal year
ended September 30, 2015. The supporting actuarial information is included in the GASB Statement
No. 68 Report for the ERS prepared as of September 30, 2015. The auditor's report dated
October 17, 2016 on the schedule of changes in fiduciary net position by employer and accompanying
notes is also available. The additional financial and actuarial information is available at www.rsa-
al.gov.
For the year ended September 30, 2016, the City recognized pension expense of $1,640,767. At
September 30, 2016, the City reported deferred outflows of resources and deferred inflows of resources
related to pensions of the following sources:
DEFERRED DEFERRED
OUTFLOWS OF INFLOWS OF
RESOURCES RESOURCES
Differences between expected and actual experience 501,993$
Net differences between projected and actual
earnings on pension plan investments 1,239,475$
Employer contributions subsequent to the
measurement date 1,436,236
Totals 2,675,711$ 501,993$
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
62
Amounts reported as deferred outflows for employer contributions subsquent to the measurement date
will be recognized as a reduction of the net pension liability in the year ending September 30, 2017.
Amounts reported as deferred inflows and outflows of resources to pensions will be recognized in
pension expense as follows:
YEAR ENDED SEPTEMBER 30:
162,040$
162,040
162,041
434,626
(79,682)
Thereafter (103,583)
2017
2018
2019
2020
2021
NOTE 9 - POST-EMPLOYMENT BENEFITS OTHER THAN PENSIONS:
The City of Prattville, Alabama 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. The earliest retirement eligibility
provisions are as follows: 25 years of service at any age; or, age 60 and 10 years of service (called "Tier
I members). Employees hired on and after January 1, 2013 (called "Tier II" members) are eligible to
retire only after attainment of age 62 or later completion of 10 years of service. Benefit provisions and
contribution requirements of the plan may be established or amended by the Council.
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.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
63
NOTE 9 - POST-EMPLOYMENT BENEFITS OTHER THAN PENSIONS: (continued)
The number of participants as of October 1, 2014, the effective date of the biannual actuarial valuation,
are as follows:
NUMBER OF
ENROLLEES
Active employees 310
Retired employees 8
Total 318
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, Alabama’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, 2016, the City of Prattville, Alabama’s portion of health care funding
cost for retired employees totaled $24,237. These amounts were applied toward the net OPEB
obligation as shown in the table below.
Annual required contribution - The City of Prattville, Alabama’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 45)
has been used for the post-employment benefits. The total ARC for the fiscal year beginning
October 1, 2015 is $465,168, as set forth below:
MEDICAL
Normal cost 235,543$
30 year unfunded AAL amortization amount 229,625
Annual required contribution (ARC) 465,168$
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
64
NOTE 9 - POST-EMPLOYMENT BENEFITS OTHER 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 465,168$
Interest on net OPEB obligation 109,646
Adjustment to annual required contribution (158,520)
Annual OPEB cost 416,294
Contributions made -0-
Current year retiree premium (24,237)
Increase in net OPEB obligation 392,057
Net OPEB obligation - beginning of year 2,741,135
Net OPEB obligation - end of year 3,133,192$
The City’s annual OPEB cost, percentage of the cost contributed, and the net OPEB obligation for fiscal
year 2016 and the previous two years is as follows:
PERCENTAGE
POST- OF ANNUAL
EMPLOYMENT FISCAL YEAR ANNUAL COST NET OPEB
BENEFIT ENDED OPEB COST CONTRIBUTED OBLIGATION
Medical September 30, 2014 424,616$ 13.35% 2,358,350$
Medical September 30, 2015 405,227 5.54% 2,741,136
Medical September 30, 2016 416,293 5.54% 3,133,192
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
65
NOTE 9 - POST-EMPLOYMENT BENEFITS OTHER THAN PENSIONS: (continued)
Funded status and funding progress - As of September 20, 2016, the actuarial accrued liability for
benefits was $4,129,618 all of which was unfunded. The covered payroll (annual payroll of active
employees covered by the plan) was $15,341,314 and the ratio of the unfunded actuarial liability to the
covered payroll was 26.92% as presented in the following table:
MEDICAL
Actuarial accrued liability (AAL) 4,129,618$
Actuarial value of plan assets -0-
Unfunded actuarial accrued liability (UAAL) 4,129,618$
Funded ratio (Actuarial value assets/AAL) -0-%
Covered payroll (active plan members) 15,341,314$
UAAL as a percentage of covered payroll 26.92%
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 rate; (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 of assets.
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.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
66
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 turnover of
approximately 9%. It has further been assumed that 10% 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, “Tier II” retirement plan members (those hired on and after
January 1, 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 return
assumption should be the 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 4% annual 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 50% 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 the actuary’s 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% of the cost of the 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, the actuary has 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, if any. Retiree
coverage ceases at age 65.
Inflation rate - Included in both the Investment Return Assumption and the Healthcare Cost Trend rates
above is an implicit inflation assumption of 2.50% annually.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
67
Projected salary increases - This assumption is not applicable since neither the benefit structure nor the
valuation methodology 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 10 - 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 City’s counsel, the resolution of these matters will not have a
material adverse effect on the financial condition of the City.
NOTE 11 - RISK MANAGEMENT:
The City is exposed to various risks of losses related to tort; theft of, damage to, and destruction of
assets; errors 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, 2016, 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.
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 incurred 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 $110,000.
Changes in the balances of claims liabilities during the year are as follows:
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
68
EMPLOYEES' MEDICAL
INSURANCE FUND 2016 2015
Unpaid claims, beginning of fiscal year 231,700$ 184,000$
Incurred claims (including IBNRs) 3,821,672 3,698,384
Claim payments (3,858,972) (3,650,684)
Unpaid claims, end of fiscal year 194,400$ 231,700$
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 services. The City recognizes revenue for services when billed by the Water Works Board
of the City of Prattville. The receivable from the Water Works Board of the City of Prattville for sewer
and sanitation collection fees at September 30, 2016 was $539,959.
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, 2016 was $142,871.
Total collection fees retained by the Water Works Board of the City of Prattville for the services
described above were $331,337 for the year ended September 30, 2016.
On May 1, 2006, the City of Prattville, Alabama entered into a lease agreement with the Historic
Prattville Redevelopment Authority (HPRA), a component unit, to lease a building on West 4th Street.
The term of the lease is five years with quarterly rent payments of $8,183. For the fiscal year ended
September 30, 2016, the City remitted $83,123 to the HPRA which includes the City’s obligation on
the quarterly rent payments plus an operating subsidy. The lease agreement was terminated effective
March 1, 2016.
Effective March 1, 2016, the City entered into a lease agreement with the HPRA for a building to be
used by the police, fire, and information technology divisions, and the Autauga County EMA. The
lease agreement is for 30 years with annual payments of $249,000. The City intends to fund the
payment through lodging taxes. For the fiscal year ended September 30, 2016, the City remitted
$134,846 in rental payments to the HPRA. As of September 30, 2016, the City owed $18,042 to the
HPRA. As described in Note 6, HPRA issued Series 2016 Bonds in the amount of $4,780,000, secured
by the lease from the City, to complete the necessary renovations to the building.
The City appropriated $300,000 to the Library and $131,489 to the Airport Authority, component units,
during the fiscal year ended September 30, 2016. These appropriations made were, or will be used, as
operating and capital subsidies.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
69
NOTE 13 - FUNDING AGREEMENTS:
On September 1, 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
Bank, the trustee of the District’s bond indenture, an amount equal to 2.5% 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.
In 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 District. 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 tax-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 $353,719 during the fiscal year ended
September 30, 2016.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
70
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 property prove not to be financially viable. The initial loan balance on the property
totaled $252,200. The loan balance as of September 30, 2016 was $110,295.
As of September 30, 2016, commitments to contractors on capital projects are as follows:
Commitments 3,173,275$
Spent-to-date (1,947,375)
Remaining commitments 1,225,900$
Commitments to contractors on capital projects for the Historic Prattville Redevelopment Authority as
of September 30, 2016, are as follows:
Commitments 2,170,390$
Spent-to-date (1,685,957)
Remaining commitments 484,433$
NOTE 15 - EFFECT OF NEW PRONOUNCEMENTS:
Management has not currently determined what, if any, impact implementation of the following
statements may have on the financial statements of the City.
GASB Statement No. 75, Accounting and Financial Reporting for Post-employment
Benefits other than Pensions will improve the usefulness of information about post-
employment benefits other than pensions (other post-employment benefits or OPEB)
included in the general purpose external financial reports of state and local governmental
OPEB plans for making decisions and assessing accountability. Requirements for this
Statement are effective for financial statements whose fiscal year begins after
June 15, 2017.
GASB Statement No. 77, Tax Abatement Disclosures. This statement requires state and
local governments, for the first time, to disclose information about tax abatement
agreements. It requires governments to disclose information about their own tax
abatements separately from information about tax abatements that are entered into by other
governments and reduce the reporting government’s tax revenues. Requirements for this
Statement are effective for financial statements whose fiscal year begins after
December 15, 2015.
CITY OF PRATTVILLE, ALABAMA
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2016
71
GASB Statement No. 80, Blending Requirements for Certain Component Units. This
statement is an amendment of GASB Statement No. 14 and seeks to improve financial
reporting by clarifying the financial statement presentation requirements for certain
component units. The statement amends the blending requirements established in GASB
Statement No. 14. Requirements for this Statement are effective for financial statements
whose fiscal year begins after June 15, 2016.
GASB Statement No. 81, Irrevocable Split Interest Agreements. This statement seeks to
improve accounting and financial reporting for irrevocable split-interest agreements
created through trusts or through other legally enforceable agreements with characteristics
that are equivalent to irrevocable split-interest agreements in which a donor irrevocably
transfers resources to an intermediary, and the intermediary administers these resources for
the unconditional benefit of a government and at least one other beneficiary. Requirements
for this statement are effective for financial statements whose fiscal year begins after
December 15, 2016.
GASB Statement No. 82, Pension Issues. This statement addresses issues regarding (1)
the presentation of payroll-related measures in required supplementary information; (2) the
selection of assumptions and the treatment of deviations from the guidance in an Actuarial
Standard of Practice for financial reporting purposes; and (3) the classification of payments
made by employers to satisfy employee (plan member) contribution requirements. The
City has adopted this statement for the fiscal year ended September 30, 2016.
GASB Statement No. 83, Certain Asset Retirement Obligations. Among other things, this
statement establishes criteria for determining the timing and the pattern of recognition of a
liability and a corresponding deferred outflow of resources for asset retirement obligations
(ARO), and requires (1) that recognition occur when the liability is both incurred and
reasonably estimable; (2) the measurement of an ARO to be based on the best estimate of
the current value of outlays expected to be incurred; (3) the current value of a government’s
AROs to be adjusted for the effects of general inflation or deflation at least annually; (4) a
government to evaluate all relevant factors at least annually to determine whether the
effects of one or more of the factors are expected to significantly change the estimated asset
retirement outlays; and (5) disclosure of information concerning the nature of a
government’s AROs, the methods and assumptions used for the estimates of the liabilities,
and the estimated remaining useful life of the associated tangible capital assets.
Requirements for this Statement are effective for financial statements whose fiscal year
begins after June 15, 2018.
NOTE 16 - SUBSEQUENT EVENTS:
The City has evaluated subsequent events through March 24, 2017 which is the date these financial
statements were available to be issued. All subsequent events requiring recognition as of
September 30, 2016 have been incorporated into these financial statements.
REQUIRED SUPPLEMENTARY INFORMATION
2015 2014
TOTAL PENSION LIABILITY:
Service cost 1,212,096$ 1,171,241$
Interest 3,888,707 3,680,319
Differences between expected and actual experience (581,675)
(2,315,181) (2,178,239)
2,203,947 2,673,321
49,766,427 47,093,106
51,970,374$ 49,766,427$
PLAN FIDUCIARY NET POSITION:
Contributions - employer 1,209,263$ 1,157,444$
Contributions - member 806,208 755,114
Net investment income 447,754 4,089,766
Benefit payments, including refunds of employee contributions (2,315,181) (2,178,239)
Transfers among employers (153,992) (148,504)
Net change in plan fiduciary net position (5,948) 3,675,581
Plan net position - beginning 37,968,070 34,292,489
Plan net position - end (b) 37,962,122$ 37,968,070$
Net pension liability - ending (a) - (b)14,008,252$ 11,798,357$
Plan fiduciary net position as a percentage of the total pension liability 73.05% 76.29%
Covered employee payroll 14,118,970$ 13,328,666$
Net pension liability as a percentage of covered employee payroll 99.22% 88.52%
Notes to Schedule:
2. The measurement date for the City's net pension liability is September 30, one year prior to the City's fiscal year.
3. Covered employee payroll is the total payroll paid to covered employees during the measurement period.
1. This schedule is to be built prospectively until it contains ten years of data.
Total pension liability - beginning
Total pension liability - end (a)
CITY OF PRATTVILLE, ALABAMA
SCHEDULE OF CHANGES IN THE CITY'S NET PENSION LIABILITY
LAST TEN FISCAL YEARS ENDING SEPTEMBER 30
Benefit payments, including refunds of employee contributions
Net change in total pension liability
REQUIRED SUPPLEMENTARY INFORMATION
AND RELATED RATIOS
72
2016 2015
Actuarially determined contribution 1,436,237$ 1,258,700$
Contributions in relation to the actuarially determined contribution 1,436,237 1,258,700
-$ -$
15,059,971$ 14,118,970$
Contributions as a percentage of covered employee payroll 9.54% 8.91%
Notes to Schedule:
Actuarial cost method Entry age
Amortization method Level percent closed
Remaining amortization method 26 years
Asset valuation method Five year smoothed market
Inflation 3.00%
Salary increases 3.75 - 7.25%, including inflation
Investment rate of return
Covered employee payroll
4. Methods and assumptions used to determine the contribution rates:
5. Covered employee payroll represents total payroll paid to covered employees for the City's fiscal year ended
September 30.
1. This schedule is to be built prospectively until it contains ten years of data.
2. Actuarially determined contribution rates are calculated as of September 30, three years prior to the end of the
fiscal year in which contributions are reported.
3. Contribution rates for fiscal year 2016 were based on the September 30, 2013 actuarial valuation.
8.00%, net of pension plan investment
expense, including inflation
REQUIRED SUPPLEMENTARY INFORMATION
CITY OF PRATTVILLE, ALABAMA
SCHEDULE OF EMPLOYER CONTRIBUTIONS TO THE PENSION PLAN
LAST TEN FISCAL YEARS
Contribution deficit (excess)
73
ACTUARIAL UAAL AS A
ACCRUED PERCENTAGE
ACTUARIAL LIABILITY UNFUNDED OF
ACTUARIAL VALUE OF (AAL) AAL FUNDED COVERED COVERED
VALUATION ASSETS UNIT CREDIT (UAAL) RATIO PAYROLL PAYROLL
DATE (a) (b) (b-a) (a/b) (c) ((b-a)/c)
September 30, 2013 -$ 4,002,952$ 4,002,952$ 0.0% 13,721,319$ 29.17%
September 30, 2014 - 3,970,787 3,970,787 0.0% 14,118,970 28.12%
September 30, 2015 - 4,129,618 4,129,618 0.0% 15,341,314 26.92%
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
74
OTHER SUPPLEMENTARY INFORMATION
CITY OF PRATTVILLE, ALABAMA
ACTUAL AMOUNTS VARIANCE
BUDGETARY WITH
ORIGINAL FINAL BASIS BUDGET
REVENUES:
Lodging taxes 298,300$ 298,300$ 305,483$ 7,183$
Intergovernmental revenues 4,690,000 4,690,000 1,019,832 (3,670,168)
Interest income 9,048 9,048
Total revenues 4,988,300 4,988,300 1,334,363 (3,653,937)
EXPENDITURES:
Current operations:
Public works 10,197,500 10,304,527 2,037,720 8,266,807
Total expenditures 10,197,500 10,304,527 2,037,720 8,266,807
EXCESS (DEFICIT) OF REVENUES
OVER EXPENDITURES (5,209,200) (5,316,227) (703,357) 4,612,870
OTHER FINANCING SOURCES (USES):
Insurance proceeds 48,676 48,676
Transfers in 1,353,068 1,353,068
Transfers out (29,136) (29,136)
Issuance of bonds 825,000 825,000
Total other financing sources 2,197,608 2,197,608
NET CHANGE IN FUND BALANCE
BUDGETARY BASIS (5,209,200)$ (5,316,227)$ 1,494,251 6,810,478$
Deduct other reconciling items to adjust from
budgetary basis to modified accrual basis:
Change in encumbrances 129,558
129,558
NET CHANGE IN FUND BALANCE, MODIFIED ACCRUAL BASIS 1,623,809
FUND BALANCE AT BEGINNING OF YEAR 3,884,933
FUND BALANCE AT END OF YEAR 5,508,742$
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
CAPITAL PROJECTS FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2016
BUDGETED AMOUNTS
75
CITY OF PRATTVILLE, ALABAMA
ACTUAL AMOUNTS VARIANCE
BUDGETARY WITH
ORIGINAL FINAL BASIS BUDGET
REVENUES:
Interest income 64$ 64$
Total revenues 64 64
EXPENDITURES:
Debt service:
Principal payments 2,589,934$ 3,084,934$ 2,920,444 164,490
Interest payments 1,306,736 1,306,736 1,209,029 97,707
Total expenditures 3,896,670 4,391,670 4,129,473 262,197
EXCESS (DEFICIT) OF REVENUES
OVER EXPENDITURES (3,896,670) (4,391,670) (4,129,409) 262,261
OTHER FINANCING SOURCES (USES):
Transfers in 241,610 241,610 4,129,452 3,887,842
Total other financing sources 241,610 241,610 4,129,452 3,887,842
NET CHANGE IN FUND BALANCE,
BUDGETARY BASIS (3,655,060)$ (4,150,060)$ 43 4,150,103$
Deduct other reconciling items to adjust from
budgetary basis to modified accrual basis:
Change in encumbrances
NET CHANGE IN FUND BALANCE, MODIFIED ACCRUAL BASIS 43
FUND BALANCE AT BEGINNING OF YEAR 7
FUND BALANCE AT END OF YEAR 50$
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
DEBT SERVICE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2016
BUDGETED AMOUNTS
76
CONTENTS PAGE
Financial trends 77
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 82
These schedules contain information to help the reader assess the factors affecting
the City's ability to generate its sales taxes.
Debt capacity 86
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 90
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 93
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.
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 information says about the City's overall financial
health.
Sources: Unless otherwise noted, the information in these schedules is derived from the
comprehensive annual financial reports.
STATISTICAL SECTION
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
GOVERNMENTAL ACTIVITIES:
Net investment in capital assets 23,286,126$ 26,252,599$ 27,913,767$ 28,197,019$ 33,144,191$ 31,400,291$ 36,021,544$ 36,578,653$ 39,468,399$ 43,629,725$
Restricted 6,911,387 6,238,962 3,761,598 851,251 653,478 803,180 901,190 975,467 1,568,412 1,800,916
Unrestricted (28,162,924) (42,378,700) (44,366,960) (46,256,970) (42,282,379) (35,254,724) (30,215,385) (24,140,154) (28,898,955) (24,934,891)
Total governmental activities net position 2,034,589$ (9,887,139)$ (12,691,595)$ (17,208,700)$ (8,484,710)$ (3,051,253)$ 6,707,349$ 13,413,966$ 12,137,856$ 20,495,750$
BUSINESS-TYPE ACTIVITIES:
Net investment in capital assets 3,751,152$ 4,236,099$ 4,402,643$ 6,384,146$ 7,367,599$
Unrestricted 1,467,034 2,446,415 3,281,842 838,425 666,650
Total business-type activities net position -$ -$ -$ -$ -$ 5,218,186$ 6,682,514$ 7,684,485$ 7,222,571$ 8,034,249$
PRIMARY GOVERNMENT:
Net investment in capital assets 23,286,126$ 26,252,599$ 27,913,767$ 28,197,019$ 33,144,191$ 35,151,443$ 40,257,643$ 40,981,296$ 45,852,545$ 50,997,324$
Restricted 6,911,387 6,238,962 3,761,598 851,251 653,478 803,180 901,190 975,467 1,568,412 1,800,916
Unrestricted (28,162,924) (42,378,700) (44,366,960) (46,256,970) (42,282,379) (33,787,690) (27,768,970) (20,858,312) (28,060,530) (24,268,241)
Total primary government activities net position 2,034,589$ (9,887,139)$ (12,691,595)$ (17,208,700)$ (8,484,710)$ 2,166,933$ 13,389,863$ 21,098,451$ 19,360,427$ 28,529,999$
Note: Periods prior to 2013 have not been retroactively restated for the impact of Statement No. 65 of the Governmental Accounting Standards Board:
Items Previously Reported as Assets and Liabilities.
Note: Periods prior to 2015 have not been retroactively restated for the impact of Statement No. 68 of the Governmental Accounting.
Standards Board: Accounting and Financial Reporting for Pensions or for the impact of Statement No. 71 of the Governmental Accounting.
Standards Board: Pension Transition for Contributions Made Subsequent to the Measurement Date .
CITY OF PRATTVILLE, ALABAMA
SCHEDULE 1
NET POSITION BY COMPONENT
(accrual basis of accounting)
77
GOVERNMENTAL ACTIVITIES 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
EXPENSES:
Governmental activities:
General government 5,350,008$ 6,765,361$ 8,093,740$ 9,124,172$ 6,984,318$ 6,868,707$ 6,649,800$ 7,250,279$ 7,619,638$ 8,280,428$
Public safety 11,610,724 13,028,713 13,401,417 14,719,827 13,369,083 12,918,701 14,115,911 14,094,661 15,125,945 16,385,499
Public works 6,548,115 20,541,104 8,005,500 8,755,792 7,235,404 3,518,015 3,703,761 5,180,698 6,019,336 6,451,296
Cultural and recreational 2,381,700 2,502,375 2,549,480 2,449,184 2,080,642 1,766,958 1,830,376 1,980,775 2,021,877 2,204,798
Interest on long-term debt 2,047,213 2,327,227 2,445,024 2,585,660 2,460,545 2,195,048 1,971,907 1,727,232 917,762 943,460
Total governmental activities expenses 27,937,760 45,164,780 34,495,161 37,634,635 32,129,992 27,267,429 28,271,755 30,233,645 31,704,558 34,265,481
PROGRAM REVENUES:
Governmental activities:
Charges for services:
General government 4,654,085 5,183,865 4,901,819 4,874,993 4,990,894 5,351,940 5,525,847 5,499,156 5,973,943 5,971,164
Public safety 1,464,651 1,781,289 1,201,853 1,287,322 1,553,044 1,517,963 1,661,549 1,709,921 1,411,107 1,104,211
Public works 3,969,798 3,930,206 3,928,435 4,412,889 5,400,680 264,744
Cultural and recreational 303,580 318,697 261,429 265,044 238,279 234,899 209,031 251,562 257,548 289,834
Operating grants and contributions 385,083 460,308 313,602 206,761 193,703 112,012 224,060 71,025 17,820 135,291
Capital grants and contributions 1,245,578 1,975,504 2,037,803 2,122,469 5,847,250 2,658,548 4,641,690 1,417,033 3,953,219 4,596,515
Total governmental activities program revenues 12,022,775 13,649,869 12,644,941 13,169,478 18,223,850 10,140,106 12,262,177 8,948,697 11,613,637 12,097,015
Total primary government net expense (15,914,985) (31,514,911) (21,850,220) (24,465,157) (13,906,142) (17,127,323) (16,009,578) (21,284,948) (20,090,921) (22,168,466)
GENERAL REVENUES AND OTHER CHANGES IN NET POSITION:
Governmental activities:
Taxes:
Sales taxes 12,553,609 13,188,413 13,221,492 14,139,501 16,691,014 19,736,422 20,602,498 21,221,765 22,112,831 23,261,064
Real and personal property taxes 2,065,975 2,273,782 2,481,450 2,500,129 2,545,751 2,688,777 2,651,051 2,690,055 2,614,090 2,812,535
Motor fuel taxes 243,557 239,897 238,361 240,547 239,616
Lodging taxes 1,184,254 1,185,871 1,012,104 1,063,067 1,090,108 1,025,328 1,201,424 1,647,626 1,804,447 1,898,959
Local gasoline taxes 822,558 874,676 913,279 899,562 886,135 898,009 906,939 941,261 970,304 1,015,531
Alcoholic beverage taxes 277,260 279,493 281,722 286,497 291,914 295,533 311,045 408,900 273,579 356,953
Rental taxes 293,337 228,743 247,575 239,858 300,750 326,620 315,191 346,089 377,964 388,975
Tobacco taxes 137,009 135,752 147,490 149,222 155,641 155,396 142,723 134,656 136,220 121,636
Excise taxes 97,585 72,181 67,061 18,972 16,647 18,749 70,817 65,949 79,780 77,436
Intergovernmental 17,753 9,092 9,159 161,534 153,240 286,883
Investment earnings 644,767 232,387 39,410 42,318 32,621 26,685 69,467 164,964 62,586 93,022
Miscellaneous revenue 530,544 872,896 386,661 206,845 226,695 476,471 625,501 359,099 460,002 500,249
Gain on sale of capital assets 54,747 36,300
Transfers (3,374,093) (200,000)
Total governmental activities general revenues
and other changes in net position 18,868,208 19,593,183 19,045,764 19,948,052 22,630,132 22,560,780 26,696,656 28,035,111 28,928,103 30,526,360
Total governmental activities change in net position 2,953,223$ (11,921,728)$ (2,804,456)$ (4,517,105)$ 8,723,990$ 5,433,457$ 10,687,078$ 6,750,163$ 8,837,182$ 8,357,894$
78
SCHEDULE 2
CHANGES IN NET POSITION
(accrual basis of accounting)
CITY OF PRATTVILLE, ALABAMA
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
BUSINESS-TYPE ACTIVITIES:
EXPENSES:
Sanitation 2,069,318$ 2,230,497$ 2,463,315$ 2,539,325$ 2,886,650$
Wastewater 2,515,354 2,770,077 2,763,675 2,852,233 2,869,892
Total business-type activities expenses 4,584,672 5,000,574 5,226,990 5,391,558 5,756,542
REVENUES:
Charges for services:
Sanitation 2,392,771 2,447,844 2,452,098 2,457,400 2,550,392
Wastewater 3,874,248 3,851,668 3,729,267 3,911,891 3,994,729
Capital grants and contributions:
Wastewater 160,324 30,401
Total business-type activities revenues 6,427,343 6,329,913 6,181,365 6,369,291 6,545,121
Total business-type activities net program revenue 1,842,671 1,329,339 954,375 977,733 788,579
OTHER CHANGES IN NET ASSETS:
Miscellaneous revenue 1,422 3,448 5,055 4,382 4,852
Gain on sale of capital assets 42,306 18,247
Transfers 3,374,093 200,000
3,375,515 203,448 5,055 46,688 23,099
Total business-type activities change in net position -$ -$ -$ -$ -$ 5,218,186$ 1,532,787$ 959,430$ 1,024,421$ 811,678$
Total primary government change in net position 2,953,223$ (11,921,728)$ (2,804,456)$ (4,517,105)$ 8,723,990$ 10,651,643$ 12,219,865$ 7,709,593$ 9,861,603$ 9,169,572$
Note: Business-type activities prior to 2012 were accounted for as governmental activities.
Note: Periods prior to 2013 have not been retroactively restated for the impact of Statement No. 65 of the Governmental Accounting Standards Board:
Items Previously Reported as Assets and Liabilities.
Note: Periods prior to 2015 have not been retroactively restated for the impact of Statement No. 68 of the Governmental Accounting.
Standards Board: Accounting and Financial Reporting for Pensions or for the impact of Statement No. 71 of the Governmental Accounting.
Standards Board: Pension Transition for Contributions Made Subsequent to the Measurement Date .
79
CITY OF PRATTVILLE, ALABAMA
SCHEDULE 2
CHANGES IN NET POSITION
(accrual basis of accounting)
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
GENERAL FUND:
Reserved 944,030$ 1,181,267$ 1,043,077$ 821,293$
Unreserved (545,442) (744,577) (316,517) (2,313,284)
Nonspendable 159,850$ 98,908$ 102,322$ 114,704$ 136,566$ 166,583$
Restricted 653,478 204,694 280,424 348,192 517,624 619,222
Committed 12,185 2,567,260 3,381,590 4,555,104 4,567,189 6,115,868
Assigned 172,653 1,235,310 261,383 468,838 792,720 822,832
Unassigned 550,285 1,099,168 3,053,554 5,643,011 6,555,450 7,056,740
Total general fund 398,588$ 436,690$ 726,560$ (1,491,991)$ 1,548,451$ 5,205,340$ 7,079,273$ 11,129,849$ 12,569,549$ 14,781,245$
ALL OTHER GOVERNMENTAL FUNDS:
Reserved, reported in:
Capital projects fund 2,607,652$ 2,510,352$ 2,371,105$ 618,868$
Reserved, reported in:
Debt service fund 1,060,466 1,192,527 858,397 80,178
Unreserved, reported in:
Special revenue funds 511,735 63,082 373,568 566,257
Unreserved, reported in:
Debt service fund 255,061 (61,295) 169,558
Unreserved, reported in:
Capital projects fund 2,445,873 2,471,886 25,258 (357,885)
Nonspendable 2,299$ 377$ 283$
Restricted 480,627$ 598,486$ 620,766$ 670,828 1,050,795 1,181,744
Committed 20,573 305,771 601,804 913,792
Assigned 503,290 801,506 2,554,059 3,449,408
Unassigned 1 (14,167)
Total all other governmental funds 6,880,787$ 6,176,552$ 3,797,886$ 907,418$ 480,627$ 598,486$ 1,144,630$ 1,780,404$ 4,207,035$ 5,531,060$
Note: Periods prior to 2011 have not been retroactively restated for the impact of Statement No. 54 of the Governmental Accounting Standards Board:
Fund Balance Reporting and the Governmental Fund Type Definitions .
CITY OF PRATTVILLE, ALABAMA
SCHEDULE 3
FUND BALANCES OF GOVERNMENTAL FUNDS
(modified accrual basis of accounting)
80
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
REVENUES:
Taxes 17,675,144$ 18,478,809$ 18,610,534$ 19,537,355$ 22,217,576$ 25,144,834$ 26,201,688$ 27,456,301$ 28,369,215$ 29,933,089$
Licenses and permits 4,654,085 5,183,865 4,901,819 4,874,993 4,990,894 5,351,940 5,525,847 5,499,156 5,973,943 5,971,164
Intergovernmental revenues 222,043 302,118 343,156 217,701 153,240 548,280 1,103,096 1,428,058 2,220,039 1,461,037
Charges and fees for services 5,319,420 5,493,106 4,905,652 5,564,563 6,655,705 1,223,888 1,284,750 1,392,556 1,077,656 875,957
Fines and forfeitures 418,609 537,086 486,065 400,692 536,298 532,321 630,728 614,714 590,999 518,090
Interest 644,772 232,387 39,410 44,844 32,621 26,685 67,371 164,250 62,162 92,888
Miscellaneous 849,160 1,197,161 1,109,616 1,099,914 908,449 1,067,962 1,030,355 356,984 422,314 386,370
Total revenues 29,783,233 31,424,532 30,396,252 31,740,062 35,494,783 33,895,910 35,843,835 36,912,019 38,716,328 39,238,595
EXPENDITURES:
Unreserved, reported in:
Current:
General governmental 5,261,945 6,280,215 6,318,533 7,537,961 5,973,871 5,757,564 5,039,571 5,931,830 5,875,170 6,178,913
Public safety 11,153,949 12,746,727 12,989,658 14,023,058 12,712,387 12,346,346 11,852,136 11,731,292 12,413,193 13,352,908
Public works 5,588,300 18,984,015 7,182,300 8,007,685 6,519,457 3,332,207 3,210,261 4,184,523 6,068,130 6,864,620
Cultural and recreation 2,005,573 2,152,013 2,488,332 2,371,770 1,749,355 1,434,309 1,436,057 1,565,707 1,627,648 1,904,284
Capital outlay 8,505,999 3,756,955 2,811,090 3,290,520 478,136 379,900 1,769,645 1,709,945 1,267,128 1,653,020
Debt service:
Principal payments 1,418,665 1,445,912 1,816,556 2,331,364 9,073,190 4,070,296 4,011,121 2,941,830 4,548,721 2,988,986
Interest and fiscal charges 1,917,209 2,158,816 2,430,712 2,465,127 2,492,666 2,230,996 2,165,133 1,750,499 1,192,171 1,209,120
Bond issuance costs 366,450 217,411 83,464 93,782 139,216
Total expenditures 35,851,640 47,891,103 36,037,181 40,244,896 38,999,062 29,551,618 29,567,388 29,909,408 33,131,377 34,151,851
Excess of revenues over (under) expenditures (6,068,407) (16,466,571) (5,640,929) (8,504,834) (3,504,279) 4,344,292 6,276,447 7,002,611 5,584,951 5,086,744
OTHER FINANCING SOURCES (USES):
Insurance proceeds 37,685 113,875
Transfers in 4,979,825 16,586,498 7,276,949 3,149,228 5,525,970 4,610,138 5,215,833 4,896,087 7,642,691 5,605,437
Transfers out (4,979,825) (16,586,498) (7,276,949) (3,149,228) (5,525,970) (4,699,055) (9,361,585) (7,064,464) (9,884,991) (8,377,837)
Issuance of bonds 15,300,000 1,621,373 2,670,000 825,000
Issuance of refunding bonds 6,315,000 9,815,000 9,955,000 12,280,000
Issuance of notes payable 136,099 1,000,000 300,000 5,637,303
Proceeds from capital lease 307,808 451,767 930,760 260,000 258,310
Payment to refunded bonds escrow agent (6,322,926) (9,434,619) (10,067,843) (13,445,879)
Sale of capital assets 46,779 24,192
Bond premium (discount) (87,428) 173,741 (90,999) 206,625 1,305,095
Total other financing sources (uses) 307,808 15,800,438 3,552,133 3,395,815 5,637,303 (88,917) (3,856,370) (2,074,595) (2,018,620) (1,551,023)
Net change in fund balance (5,760,599)$ (666,133)$ (2,088,796)$ (5,109,019)$ 2,133,024$ 4,255,375$ 2,420,077$ 4,928,016$ 3,566,331$ 3,535,721$
Debt service as a percentage of noncapital expenditures 12.20% 9.00% 12.78% 13.54% 30.00% 21.61% 22.67% 17.04% 19.16% 13.58%
81
CITY OF PRATTVILLE, ALABAMA
SCHEDULE 4
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
(modified accrual basis of accounting)
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Apparel stores 44,057,973$ 49,891,510$ 61,766,373$ 72,438,782$ 81,049,639$ 78,698,228$ 78,722,449$ 78,062,472$ 81,324,939$ 83,018,889$
Food stores 75,830,662 70,156,573 73,331,244 71,839,635 77,704,211 76,108,625 77,168,242 80,331,913 83,355,426 84,503,834
Automotive 74,734,128 65,384,586 46,030,674 58,984,572 63,159,678 62,669,770 68,449,774 72,277,636 97,027,886 108,971,570
Manufacturing machine 1,225,203 1,813,517 1,512,332 1,512,272 1,855,136 2,025,097 16,665,875 6,477,693 3,872,261
Restaurants 62,844,097 51,658,420 53,838,468 62,888,874 69,407,860 72,159,819 83,073,365 99,976,397 104,080,558 107,071,561
Home furnishings and appliances 6,693,246 13,638,375 21,877,677 20,566,253 17,869,458 17,145,730 16,256,815 15,752,779 16,854,830 17,716,288
Building materials 36,036,047 48,684,662 39,460,896 39,128,465 41,682,202 40,414,350 42,467,529 42,313,771 45,417,305 49,249,400
Service stations 10,784,193 21,761,093 22,983,026 22,447,212 21,425,351 15,120,821 19,967,285 17,757,144 17,840,129 18,850,543
Other retail stores 149,544,076 256,892,888 244,770,686 262,697,325 266,079,295 253,682,787 259,689,798 256,775,123 266,688,466 287,794,171
Totals 460,524,422$ 579,293,310$ 565,872,561$ 612,503,450$ 639,889,966$ 617,855,266$ 647,820,354$ 679,913,110$ 719,067,232$ 761,048,517$
City direct sales tax rate 2.50% 2.50% 2.50% 2.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50%
Source: City's Finance Department.
CITY OF PRATTVILLE, ALABAMA
SCHEDULE 5
NET TAXABLE SALES BY CATEGORY
82
PERCENTAGE PERCENT OF PERCENTAGE PERCENT OF PERCENTAGE PERCENT OFNUMBER OF TAX REMITTED NUMBER OF TAX REMITTED NUMBER OF TAX REMITTED
OF TAX TOTAL TAX BY TOP TEN OF TAX TOTAL TAX BY TOP TEN OF TAX TOTAL TAX BY TOP TEN
FILERS LIABILITY LIABILITY TAXPAYERS FILERS LIABILITY LIABILITY TAXPAYERS FILERS LIABILITY LIABILITY TAXPAYERS
Apparel stores 22 2,732,187$ 12.91% 5.49% 22 2,846,373$ 12.89% 7.70% 26 2,905,661$ 12.49% 7.40%
Food stores 8 2,811,617 13.28% 11.62% 8 2,917,440 13.21% 11.70% 8 2,957,634 12.71% 11.40%
Automotive 22 361,388 1.71% 24 485,139 2.20% 27 544,858 2.34%
Machine 23 124,994 0.59% 22 48,583 0.22% 25 29,042 0.12%
Restaurants 107 3,499,174 16.53% 104 3,642,820 16.50% 108 3,747,505 16.11%
Home furnishings and appliances 11 551,347 2.60% 1.81% 12 589,919 2.67% 1.80% 11 620,070 2.67% 1.80%
Building materials 8 1,480,982 7.00% 6.06% 8 1,589,606 7.20% 6.40% 7 1,723,729 7.41% 6.60%
Service stations 25 621,500 2.94% 25 624,405 2.83% 23 659,769 2.84%Other retail stores 1,181 8,987,129 42.44% 10.50% 1,261 9,334,096 42.28% 8.25% 1,383 10,072,796 43.31% 7.50%
Totals 1,407 21,170,318$ 100.00% 1,486 22,078,381$ 100.00% 1,618 23,261,064$ 100.00%
PERCENTAGE PERCENT OF PERCENTAGE PERCENT OF PERCENTAGE PERCENT OF
NUMBER OF TAX REMITTED NUMBER OF TAX REMITTED NUMBER OF TAX REMITTED
OF TAX TOTAL TAX BY TOP TEN OF TAX TOTAL TAX BY TOP TEN OF TAX TOTAL TAX BY TOP TEN
FILERS LIABILITY LIABILITY TAXPAYERS FILERS LIABILITY LIABILITY TAXPAYERS FILERS LIABILITY LIABILITY TAXPAYERS
Apparel stores 17 2,300,008$ 13.81% 7.69% 20 2,754,438$ 13.99% 10.30% 22 2,755,286$ 13.40% 8.90%
Food stores 8 2,205,072 13.24% 11.97% 8 2,663,802 13.53% 12.14% 8 2,700,888 13.13% 11.50%
Automotive 27 315,798 1.90% 23 313,349 1.59% 23 342,249 1.66%Machine 25 11,342 0.07% 21 13,913 0.07% 22 15,188 0.07%Restaurants 95 1,969,640 11.83% 81 2,525,594 12.82% 85 2,907,568 14.14%
Home furnishings and appliances 12 507,095 3.05% 2.18% 12 600,101 3.05% 2.23% 12 568,989 2.77% 2.00%
Building materials 8 1,182,848 7.10% 6.20% 8 1,414,502 7.18% 6.41% 8 1,486,364 7.23% 6.30%
Service stations 28 608,003 3.65% 25 529,229 2.69% 25 698,855 3.40%
Other retail stores 918 7,550,736 45.35% 9.22% 931 8,878,898 45.08% 6.15% 931 9,089,143 44.20% 9.10%
Totals 1,138 16,650,542$ 100.00% 1,129 19,693,826$ 100.00% 1,136 20,564,530$ 100.00%
2012 2013
SALES TAX REVENUE PAYERS BY CATEGORY
FISCAL YEARS 2007 THROUGH 2016
SCHEDULE 6
20162014 2015
83
CITY OF PRATTVILLE, ALABAMA
2011
PERCENTAGE PERCENT OF PERCENTAGE PERCENT OF PERCENTAGE PERCENT OF
NUMBER OF TAX REMITTED NUMBER OF TAX REMITTED NUMBER OF TAX REMITTED
OF TAX TOTAL TAX BY TOP TEN OF TAX TOTAL TAX BY TOP TEN OF TAX TOTAL TAX BY TOP TEN
FILERS LIABILITY LIABILITY TAXPAYERS FILERS LIABILITY LIABILITY TAXPAYERS FILERS LIABILITY LIABILITY TAXPAYERS
Apparel stores 14 1,247,288$ 9.48% 6.00% 14 1,544,159$ 11.70% 8.49% 17 1,810,970$ 12.84% 8.05%
Food stores 7 1,753,914 13.33% 12.56% 8 1,833,281 13.89% 12.25% 8 1,795,991 12.73% 11.83%
Automotive 25 326,923 2.49% 1.35% 24 230,153 1.74% 27 294,923 2.09%
Machine 17 9,189 0.07% 22 13,601 0.10% 25 11,342 0.08%
Restaurants 84 1,291,461 9.82% 89 1,345,962 10.20% 90 1,572,222 11.15%Home furnishings and appliances 12 340,959 2.59% 1.35% 12 546,942 4.15% 2.54% 12 514,156 3.65% 2.44%Building materials 8 1,217,117 9.25% 7.90% 8 986,522 7.48% 6.74% 8 978,212 6.94% 6.22%
Service stations 28 544,027 4.14% 30 574,576 4.35% 29 561,180 3.98%
Other retail stores 1,150 6,422,322 48.83% 12.48% 980 6,119,267 46.39% 10.70% 964 6,565,423 46.54% 9.55%
Totals 1,345 13,153,200$ 100.00% 1,187 13,194,463$ 100.00% 1,180 14,104,419$ 100.00%
PERCENTAGE PERCENT OF
NUMBER OF TAX REMITTED
OF TAX TOTAL TAX BY TOP TENFILERS LIABILITY LIABILITY TAXPAYERS
Apparel stores 13 1,101,449$ 10.99% 8.10%
Food stores 7 1,895,767 18.92% 17.71%
Automotive 26 373,671 3.73% 1.68%
Machine
Restaurants 75 1,571,102 15.68%
Home furnishings and appliances 10 167,331 1.67%
Building materials 8 900,901 8.99% 7.82%
Service stations 28 269,605 2.69%
Other retail stores 1,056 3,738,602 37.33% 10.98%
Totals 1,223 10,018,428$ 100.00%
are intended to provide alternative information regarding the sources of the City's revenue.
84
20102008
2007
CITY OF PRATTVILLE, ALABAMA
SCHEDULE 6
Note: Due to confidentiality issues, the names of the ten largest revenue payers are not available. The categories presente
SALES TAX REVENUE PAYERS BY CATEGORY
FISCAL YEARS 2006 THROUGH 2015
2009
CITY TOTAL
FISCAL DIRECT AUTAUGA DISTRICT STATE OF SALES
YEAR RATE COUNTY TAX ALABAMA TAX
2007 2.5% 2% 4.00% 8.5%
2008 2.5% 2% 4.00% 8.5%
2009 2.5% 2% 4.00% 8.5%
2010 2.5% 2% 4.00% 8.5%
2011 3.5% 2% 4.00% 9.5%
2012 3.5% 2% 4.00% 9.5%
2013 3.5% 2% 4.00% 9.5%
2014 3.5% 2% 4.00% 9.5%
2015 3.5% 2% 4.00% 9.5%
2016 3.5% 2% 4.00% 9.5%
CITY TOTAL
FISCAL DIRECT ELMORE DISTRICT STATE OF SALES
YEAR RATE COUNTY TAX ALABAMA TAX
2007 2.5% 1% 1% 4.00% 8.5%
2008 2.5% 1% 1% 4.00% 8.5%
2009 2.5% 1% 1% 4.00% 8.5%
2010 3.5% 1% 1% 4.00% 9.5%
2011 3.5% 1% 1% 4.00% 9.5%
2012 3.5% 1% 1% 4.00% 9.5%
2013 3.5% 1% 1% 4.00% 9.5%
2014 3.5% 1% 1% 4.00% 9.5%
2015 3.5% 1% 1% 4.00% 9.5%
2016 3.5% 1% 1% 4.00% 9.5%
CITY OF PRATTVILLE, ALABAMA
DIRECT AND OVERLAPPING SALES TAX RATES
SCHEDULE 7
Sources: City Finance Department, Autauga County Revenue Commissioner's Office, and Elmore
County Department of Finance.
85
GENERAL LIMITED TOTAL PERCENTAGE PERCENTAGE PER
FISCAL OBLIGATION TERM OBLIGATION CAPITAL OUTSTANDING OF TAXABLE OF PERSONAL CAPITA
YEAR BONDS LOAN WARRANT LEASE DEBT SALES (b) INCOME (a) (a)
2007 43,102,043$ 1,594,489$ 437,071$ 45,133,603$ 9.80% 2.90% 906
2008 56,994,583 99,344 1,594,489 761,348 59,449,764 10.26% 3.62% 1,181
2009 57,099,163 1,025,708$ 1,594,489 1,445,462 61,164,822 10.81% 3.68% 1,205
2010 57,699,065 1,803,956 1,594,489 1,239,844 62,337,354 10.18% 3.71% 1,142
2011 54,755,183 1,755,709 1,594,489 748,347 58,853,728 9.20% 3.26% 1,065
2012 49,212,046 701,035 1,580,851 88,562 51,582,494 8.35% 2.73% 929
2013 47,027,064 1,567,775 48,594,839 7.50% 2.49% 880
2014 44,415,437 1,558,312 45,973,749 6.76% 2.36% 830
2015 40,610,621 1,546,258 42,156,879 5.86% 2.16% 761
2016 38,304,803 1,529,406 206,620 40,040,829 5.26% * *
GENERAL LIMITED TOTAL PERCENTAGE PERCENTAGE PER
FISCAL OBLIGATION TERM OBLIGATION CAPITAL OUTSTANDING OF TAXABLE OF PERSONAL CAPITA
YEAR BONDS LOAN WARRANT LEASE DEBT SALES (b) INCOME (a) (a)
2012 2,490,000$ 238,074$ 2,728,074$ 0.44% 0.14% 49
2013 3,095,767 9,334 3,105,101 0.48% 0.16% 56
2014 2,695,120 2,695,120 0.40% 0.13% 49
2015 1,056,794 1,056,794 0.15% 0.05% 19
2016 1,783,718 1,783,718 0.23% * *
GENERAL LIMITED TOTAL PERCENTAGE PERCENTAGE PER
FISCAL OBLIGATION TERM OBLIGATION CAPITAL OUTSTANDING OF TAXABLE OF PERSONAL CAPITA
YEAR BONDS LOAN WARRANT LEASE DEBT SALES (b) INCOME (a) (a)
2007 43,102,043$ 1,594,489$ 437,071$ 45,133,603$ 9.80% 2.90% 906
2008 56,994,583 99,344$ 1,594,489 761,348 59,449,764 10.26% 3.62% 1,181
2009 57,099,163 1,025,708 1,594,489 1,445,462 61,164,822 10.81% 3.68% 1,205
2010 57,699,065 1,803,956 1,594,489 1,239,844 62,337,354 10.18% 3.71% 1,142
2011 54,755,183 1,755,709 1,594,489 748,347 58,853,728 9.20% 3.26% 1,065
2012 51,702,046 701,035 1,580,851 326,636 54,310,568 8.79% 2.87% 978
2013 50,122,831 1,567,775 9,334 51,699,940 7.98% 2.65% 936
2014 47,110,557 1,558,312 48,668,869 7.16% 2.41% 879
2015 41,667,415 1,546,258 43,213,673 6.01% 2.07% 781
2016 40,088,521 1,529,406 206,620 41,824,547 5.50% * *
Notes: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
(a) See the Schedule of Demographics and Economic Statistics on page 90 for personal income and population data.
(b) See page 82 for net taxable sales.
* Information not available.
86
CITY OF PRATTVILLE, ALABAMA
RATIOS OF OUTSTANDING DEBT BY TYPE
SCHEDULE 8
GOVERNMENTAL ACTIVITIES
BUSINESS-TYPE ACTIVITIES
PRIMARY GOVERNMENT
LESS: AMOUNTS
GENERAL AVAILABLE PERCENTAGE OF PER
FISCAL OBLIGATION DEBT SERVICE NET TAXABLE CAPITA
YEAR BONDS FUND TOTAL SALES (a) (b)
2007 43,102,043$ 1,315,527$ 41,786,516$ 9.07% 839$
2008 56,994,583 1,131,232 55,863,351 9.64% 1,109
2009 57,099,163 1,027,955 56,071,208 9.91% 1,105
2010 57,699,065 80,178 57,618,887 9.41% 1,056
2011 54,755,183 5 54,755,178 8.56% 991
2012 51,702,046 10 51,702,036 8.37% 931
2013 50,122,831 203,627 49,919,204 7.71% 904
2014 47,110,557 7 47,110,550 6.93% 850
2015 41,667,415 7 41,667,408 5.79% 753
2016 40,088,521 50 40,088,471 5.27% *
(a) See page 82 for net taxable sales.
(b) See the Schedule of Demographics and Economic Statistics on page 90 for population data.
* Information not available.
CITY OF PRATTVILLE, ALABAMA
RATIOS OF NET GENERAL BONDED DEBT OUTSTANDING
SCHEDULE 9
Notes: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
87
ESTIMATED
SHARE OF
ESTIMATED DIRECT AND
DEBT PERCENTAGE OVERLAPPING
GOVERNMENTAL UNIT OUTSTANDING APPLICABLE (a) DEBT
Debt repaid with property taxes: Autauga County 12,090,450$ 48.00% 5,803,416$
Debt repaid with property taxes: Autauga County
Board of Education 20,722,920 48.00% 9,947,002
Debt repaid with property taxes: Elmore County 16,680,722 7.00% 1,167,651
Debt repaid with property taxes: Elmore County
Board of Education * 54,600,000 7.00% 3,822,000
Subtotal, overlapping debt 20,740,069
City of Prattville, Alabama direct debt 40,040,829
Total direct and overlapping debt 60,780,898$
* Estimated
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 governments 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 governments 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 borne 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, of each 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.
CITY OF PRATTVILLE, ALABAMA
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
AS OF SEPTEMBER 30, 2016
SCHEDULE 10
88
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
292,907,660$ 338,273,422$ 348,899,620$ 358,625,820$ 353,461,200$ 356,934,340$ 352,040,720$ 348,362,480$ 358,817,560$ 367,841,220$
Debt limit 58,581,532 67,654,684 69,779,924 71,725,164 70,692,240 71,386,868 70,408,144 69,672,496 71,763,512 73,568,244
Total net debt applicable to limit 9,853,367 9,649,304 11,690,201 14,415,694 12,436,482 9,818,857 18,697,026 26,501,875 37,095,437 36,416,570
Legal debt margin 48,728,165$ 58,005,380$ 58,089,723$ 57,309,470$ 58,255,758$ 61,568,011$ 51,711,118$ 43,170,621$ 34,668,075$ 37,151,674$
Total net debt applicable to the limit
as a percentage of debt limit 16.82% 14.26% 16.75% 20.10% 17.59% 13.75% 26.56% 38.04% 51.69% 49.50%
Legal debt margin calculation for fiscal year 2016
Assessed value 367,841,220$
Debt limit (20% of total assessed value) 73,568,244$
Debt applicable to limit:
General obligation bonds 36,210,000
Capital leases 206,620
Less: Amount set aside for repayment
of general obligation debt 50
Total net debt applicable to limit 36,416,570
Legal debt margin 37,151,674$
89
CITY OF PRATTVILLE, ALABAMA
LEGAL DEBT MARGIN INFORMATION
Note: Under state law, the City of Prattville, Alabama's outstanding general obligation debt should not exceed 20% of total assessed property value.By law, the general obligation debt subject to the limitation may be
offset by amounts set aside for repaying general obligation bonds.
Net assessed value of taxable property
SCHEDULE 11
PERSONAL INCOME PER CAPITA AUTAUGA COUNTY
CALENDAR (THOUSANDS PERSONAL MEDIAN SCHOOL UNEMPLOYMENT
YEAR POPULATION OF DOLLARS) INCOME AGE ENROLLMENT RATE
2007 49,834 1,555,999$ 31,224$ 36.46 9,649 (06-07) 2.90%
2008 50,354 1,640,204 32,573 36.26 9,819 (07-08) 4.50%
2009 50,756 1,660,766 32,721 36.16 9,854 (08-09) 8.60%
2010 54,571 1,679,535 30,777 36.37 10,076 (09-10) 8.00%
2011 55,267 1,804,871 32,657 36.69 9,877 (10-11) 6.80%
2012 55,514 1,889,867 34,043 37.00 9,825 (11-12) 6.80%
2013 55,246 1,951,123 35,317 36.00 9,642 (12-13) 5.90%
2014 55,395 2,017,431 36,419 35.10 9,737 (13-14) 5.40%
2015 55,347 2,090,622 37,773 36.20 9,665 (14-15) 5.20%
2016 * * * 37.70 9,643 (15-16) 5.20%
* Unavailable
CITY OF PRATTVILLE, ALABAMA
DEMOGRAPHIC AND ECONOMIC STATISTICS
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 of education is based on the census at the start of the school year.
SCHEDULE 12
90
PERCENTAGE PERCENTAGE
OF TOTAL CITY OF TOTAL CITY
EMPLOYER EMPLOYEES EMPLOYMENT EMPLOYEES EMPLOYMENT
Autauga County Board of Education 1,000 6.38% 1,100 6.90%
International Paper 600 3.83% 584 3.67%
City of Prattville, Alabama 385 2.46% 386 2.42%
Prattville Baptist Hospital 235 1.50% 365 2.29%
Walmart 480 3.06% 340 2.13%
Bass Pro 300 1.91% 212 1.33%
Autauga County 165 1.05% 190 1.19%
Kinedyne 130 0.83% 166 1.04%
Prattville Health and Rehabilitation 154 0.98% 155 0.97%
Central Alabama Electric Cooperative 122 0.78% 120 0.75%
Kasai North America, Inc. 100 0.64% 110 0.69%
YMCA 97 0.62% 105 0.66%
Fras-Le * * 96 0.60%
LoneStar Plastics 125 0.80% 84 0.53%
Totals 3,893 24.84% 4,013 25.17%
Source: Prattville Area Chamber of Commerce.
Note: Information does not include city government employment.
Average number employed in City for 2016 was 15,933 per www2.labor.alabama.gov/LAUS/LAUScities.pdf.
http://www2.labor.alabama.gov/LAUS/CLF/AllCity.aspx
* Unavailable
Note: This schedule presents 2011 compared to 2016. Information for 2007 (nine years ago) is not presented because it is
not readily available.
2016
CITY OF PRATTVILLE, ALABAMA
PRINCIPAL EMPLOYERS
SCHEDULE 13
2011
91
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Function/Program
General government:
Executive 5 5 3 3 3 2 3 3 3 3
Legislative 7 7 7 7 7 7 7 7 7 7
Finance 7 8 7 7 6 6 5 6 7 7
City clerk 4 4 5 5 2 3 3 3 3 3
Human resources 4 4 4 4 4 4 4 3 4 4
Judicial 4 4 6 6 5 6 6 6 6 6
Information technology 3 3 4 3 1 1 1 2 3 3
Vehicle maintenance 9 10 12 10 6 6 6 5 6 6
Public safety:
Police:
Officers 85 87 90 92 85 81 81 82 82 82
Civilians 7 9 11 9 7 8 9 9 10 10
Fire:
Officers 85 89 89 88 84 81 79 83 83 83
Civilians 4 4 4 4 8 7 7 2 2 2
Building division 4 6 6
Public works:
Public works 4 4
Engineering 4 5 4 4 9 9 10 9 9 9
Facilities maintenance 4 8 8
Planning and development 13 13 16 14 7 7 4 4 5 5
Street 18 22 22 21
Sanitation 28 28 30 29 28 28 32 34 36 34
Wastewater 25 26 29 28 25 23 23 25 25 21
Urban management 21 19 23 30 30 29
Culture and recreation:
Parks and Recreation 23 24 24 24 15 12 12 14 14 14
Performing and creative arts 2 2 2 1 1 1 1
Totals 335 352 369 360 325 311 315 336 354 347
Source: Human Resources.
CITY OF PRATTVILLE, ALABAMA
SCHEDULE 14
FULL-TIME EQUIVALENT CITY
Note: This report includes regular full time employees, regular part time employees (based on full time
equivalent employmentcalculated by dividing labor hours by 2,080 hours), elected and appointed officials as
of September 30 each year.
GOVERNMENT EMPLOYEES BY FUNCTION
92
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Function/Program
General government:
Building permits issued:
Residential 260 173 106 135 106 128 120 131 161 165
Residential remodel 392 327 343 333 147
Commercial 26 16 17 10 11 8 8 12 17 10
Commercial buildout, remodel, addition 43 49 56 74 71
Building inspections conducted 7,493 7,455 6,472 3,658 3,142 3,512 4,506 5,688 4,148 4,830
Building plan reviews 317 325 177 149 147 212 181 441 659 650
Public safety:
Police:
Physical arrests 3,252 3,288 2,651 3,035 3,208 2,208 2,128 2,757 2,342 2,829
Parking violations 77 253 143 348 373 259 122 86 98 28
Traffic violations 6,398 6,236 7,914 6,299 6,450 4,460 4,782 4,897 4,418 5,701
Fire:
Emergency responses 7,026 6,184 4,989 5,199 5,221 5,673 5,786 5,893 5,118 4,874
Fires extinguished 142 115 132 115 113 75 101 113 105 113
Inspections 2,522 2,766 3,772 2,996 2,725 2,846 2,846 2,775 2,791 2,500
Public works:
Potholes repaired 3,000 2,000 3,000 2,000 2,000 1,500 1,750 2,000 2,500 2,500
Street resurfacing (miles) 8 3 2 7 5 8
Wastewater:
Average daily sewage treatment (millions of gallons):
Autauga Creek 1.75 1.90 2.35 2.18 1.60 1.72 1.92 1.62 1.47 1.54
Pine Creek 1.70 1.88 1.99 1.87 1.90 1.90 2.01 1.88 1.81 1.96
Refuse collection:
Garbage (tons per day)38.5 36.33 45
Trash (yards per day)189 260 220
Recyclables (tons per day)111
Sources: Various City departments
CITY OF PRATTVILLE, ALABAMA
SCHEDULE 15
OPERATING INDICATORS BY FUNCTION/PROGRAM
93
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Function/Program
Public safety:
Police:
Stations 1 1 1 1 1 1 1 1 1 1
Patrol cars 66 71 81 82 81 84 84 81 84 78
Motorcycles 11 11 11 11 9 9 9 10 10 10
Fire:
Stations 3 3 3 3 3 3 3 3 3 3
Fire engines 4 5 5 5 5 5 5 5 5 5
Ladder trucks 1 1 1 1 1 1 1 1 1 1
Heavy rescue 1 1 1 1 1 1 1 1 1 1
Ambulances 6 7 7 7 7 7 7 7 7 6
Refuse collection:
Trash trucks 6 6 6 6 6 6 6 6 6 6
Garbage trucks 8 9 9 9 9 9 8 8 8 9
Parkan Truck 1 1
Public works:
Streets (miles) 209 209 212 212 217 220
Highways (miles) 23 23 23 23 23 23
Streetlights 2,450 2,450 2,450 2,450 2,475 2,510
Traffic signal heads 270 270 270 270 270 286
Cultural and recreation:
Acreage 330 330 354 354 354 354 354 354 354 354
Playgrounds 9 9 10 10 10 10 10 10 10 10
Baseball/softball diamonds 16 16 16 16 16 16 16 16 16 16
Soccer fields 9 9 9 9 9 9 9 9 9 9
Community centers 2 2 2 2 2 2 2 2 2 2
Senior citizens center 1 1 1 1 1 1 1 1 1 1
Sources: Various City departments.
Note: No capital asset indicators are available for the general government.
CITY OF PRATTVILLE, ALABAMA
SCHEDULE 16
CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM
94