FY21 Annual Comprehensive Financial Report - City of Prattville
City of Prattville, Alabama
For the Fiscal Year Ended September 30, 2021
Annual Comprehensive Financial Report
Prepared by the Finance Department
Daniel F. Oakley, CPA
Finance Director
Introductory Section
City of Prattville, Alabama
Annual Comprehensive Financial Report
For the Fiscal Year Ended September 30, 2021
i
Page
Table of Contents i - ii
Letter of Transmittal iii - vii
Certificate of Achievement for Excellence in Financial Reporting viii
List of Principal Officials ix
Organizational Chart x
Map of the City xi
Independent Auditor's Report 1 - 2
Management's Discussion and Analysis 3 - 12
Government-Wide Financial Statements
Statement of Net Position 13
Statement of Activities 14
Fund Financial Statements
Balance Sheet - Governmental Funds 15
Reconciliation of Balance Sheet of Governmental Funds to Statement of Net Position 16
17
18
19 - 21
22
23
Statement of Net Position - Proprietary Funds 24
Statement of Revenues, Expenses, and Changes in Net Position - Proprietary Funds 25
Statement of Cash Flows - Proprietary Funds 26
Notes to Financial Statements 27 - 58
Schedule of Changes in Net Pension Liability and Related Ratios 59
Schedule of Employer Contributions 60
Schedule of Changes in Total OPEB Liability and Related Ratios 61
Table of Contents
Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental
Funds
Required Supplementary Information
Basic Financial Statements
Reconciliation of Statement of Revenues,Expenditures,and Changes in Fund
Balances - Governmental Funds to Statement of Activities
Statement of Revenues,Expenditures,and Changes in Fund Balances -Budget to
Actual - General Fund
Statement of Revenues,Expenditures,and Changes in Fund Balances -Budget to
Actual - Gas Tax Special Revenue Fund
Statement of Revenues,Expenditures,and Changes in Fund Balances -Budget to
Actual - Judicial Special Revenue Fund
Introductory Section
Financial Section
City of Prattville, Alabama
Annual Comprehensive Financial Report
For the Fiscal Year Ended September 30, 2021
ii
Page
62
63
64
Financial Trends
Schedule 1 Net Position by Component 65
Schedule 2 Changes in Net Position 66 - 67
Schedule 3 Fund Balances of Governmental Funds 68
Schedule 4 Changes in Fund Balances of Governmental Funds 69
Revenue Capacity
Schedule 5 Net Taxable Sales by Category 70
Schedule 6 Sales Tax Revenue Payers by Category 71 - 72
Schedule 7 Direct and Overlapping Sales Tax Rates 73
Debt Capacity
Schedule 8 Ratios of Outstanding Debt by Type 74
Schedule 9 Ratios of Net General Bonded Debt Outstanding 75
Schedule 10 Direct and Overlapping Governmental Activities Debt 76
Schedule 11 Legal Debt Margin Information 77
Demographic and Economic Information
Schedule 12 Demographic and Economic Statistics 78
Schedule 13 Principal Employers 79
Operating Information
Schedule 14 Full-Time Equivalent City Government Employees by Function 80
Schedule 15 Operating Indicators by Function/Program 81
Schedule 16 Capital Asset Statistics by Function/Program 82
Table of Contents
Schedule of Revenues,Expenditures,and Changes in Fund Balances -Budget to
Actual - Debt Service Fund
Schedule of Revenues,Expenditures,and Changes in Fund Balances -Budget to
Actual - Capital Projects Fund
Other Supplementary Information
Statistical Section
Notes to Schedules of Revenues,Expenditures,and Changes in Fund Balances -
Budget and Actual
1 0 1 We s t Ma i n St r e et \ Pr a t t vi ll e , AL 3 6 0 6 7 \ 3 3 4 . 59 5 .0 1 0 0 \ p ra t t v i l l e al . go v
iii
BILL GILLESPIE, JR.
MAYOR
JERRY STARNES
Council President
District 4
LORA LEE BOONE
President Pro Tempore
District 7
ALBERT C. STRIPLIN
District 1
MARCUS JACKSON
District 2
JOHN CHAMBERS
District 3
BLAIR GORNTO
District 5
ROBERT E. STRICHIK
District 6
Letter of Transmittal
February 18, 2022
To the Mayor, Members
Of Council, and the Citizens
Of the City of Prattville, Alabama
The Annual Comprehensive Financial Report (ACFR) of the City of Prattville (the
government) for the fiscal year ended September 30, 2021 is hereby transmitted.
Responsibility for both the accuracy of the data and the completeness and fairness of
the presentation, including all disclosures, rests with the City of Prattville management.
To the best of our knowledge and belief, the enclosed data is accurate in all material
aspects and is reported in a manner designed to present fairly the financial position and
results of operations of the various funds of the government and its component units.
All disclosures necessary to enable the reader to gain an understanding of the
government’s financial activities have been included.
The Report
The ACFR is presented in four sections; introductory, financial, other supplementary
information, and statistical. The introductory section includes this transmittal letter, a
copy of the City’s Certificate of Achievement for Excellence in Financial Reporting, list
of principal officials, the primary government’s organizational chart and a map of the
City. The financial section includes the management’s discussion and analysis (MD&A),
the basic financial statements including notes for the primary government and its
separately presented component units, and the primary government’s combining and
individual financial statements and schedules, as well as the independent auditor’s
report on the financial statements and schedules. The MD&A contains a narrative
introduction, overview and analysis of the City’s financial statements. It should be read
in conjunction with this letter of transmittal. The other supplementary information
section includes budget to actual schedules and related notes. The statistical section
includes selected financial and demographic information, generally presented on a
multi-year basis. In contrast to the financial section information, the statistical section
information has not been audited.
This report includes all funds of the primary government and its component units. The
primary government provides a full range of services. These services include public
safety, public works, environmental services, culture and recreation, economic and
community development, planning and general administrative services.
C I T Y C O U N C I L
iv
Governmental Accounting Standards Board (GASB) Reporting Requirements
The City of Prattville presents financial information that meet requirements of accounting standards
issued by the GASB. Each year, management evaluates new GASB reporting requirements to determine
applicability to the City. The requirements issued by GASB that became effective during this fiscal period
and those that will become effective in the next fiscal period are described in this section.
The City implemented the following statements during fiscal year 2021:
GASB Statement No. 84, Fiduciary Activities, establishes criteria for identifying all fiduciary activities for
all states and local governments and clarifies whether and how business-type activities should report their
fiduciary activities. There was no impact on the City’s financial reporting.
Management is aware of the following statement and will implement those applicable to the City in the
next fiscal period:
GASB Statement No. 87, Leases, significantly changes the reporting of leases by governments. The new
lease reporting model requires leases to be reported as financing transactions. Accordingly, governments
that lease assets from others (lessees) will report liabilities for all of their leases of land, buildings, and
equipment. This includes leases that previously were considered operating leases, and therefore, were
not reported as liabilities. In addition, all lease liabilities under this statement will be disclosed in the
schedule of changes in long-term liabilities.
City Profile
The City of Prattville is the County seat of Autauga County, was incorporated on August 8, 1865, and is
located in south central Alabama. It serves a population of approximately 37,800. The City of Prattville
operates under a Mayor/Council form of government with a fiscal year from October 1st through
September 30th. The Mayor and seven (7) Council members are each elected to four (4) year terms. City
services include police and fire protection; sanitation services; sewer services; the construction and
maintenance of highways, streets, and infrastructure; recreational activities and cultural events.
Formal budgetary integration is employed as a management control device. On a day to be set by the
Council, the Mayor submits to the Council a balanced budget for the next fiscal year. The Council
schedules public hearings for the purpose of discussing and adopting the budget and may add to or delete
from the budget submitted by the Mayor as long as the budget remains in balance. The Council, by a
majority vote, shall adopt the budget. Activities of the General Fund, Debt Service Fund, Capital Projects
Fund, Gas Tax Special Revenue Fund, Judicial Special Revenue Fund, Wastewater Enterprise Fund and
Sanitation Enterprise Fund are included in the annual appropriated budget. The City also maintains an
encumbrance accounting system as one technique of accomplishing budgetary control. Appropriations
lapse at the end of the fiscal year unless expended or encumbered.
In order to prepare a financial report, it is necessary to identify all components of the reporting entity.
Potential component units were evaluated to determine whether they should be reported in the City’s
financial report. A component unit was considered to be part of the City’s reporting entity if it was
concluded that the City was financially accountable for the entity or the nature and significance of the
relationship between the City and the entity was such that exclusion would cause the City’s financial
statements to be misleading or incomplete. The Autauga-Prattville Public Library, Prattville Airport
Authority, and Historic Prattville Redevelopment Authority were determined to be the only reportable
component units and have been included in this report.
v
Economic Condition and Outlook
The proximity of the state capital and Maxwell Gunter Air Force Base make significant contributions to
the local economy.
Beginning in March 2020, the COVID-19 pandemic negatively affected City operations and services; the
local, state, national and world economies; and disrupted the daily lives of citizens. Individuals and
businesses alike were required to change habits and adjust to circumstances brought on by the pandemic.
On a local level, the economy slowed overall during the early stages of the pandemic due to various state-
level mandates and business shutdowns. However, the City’s economy began to rebound and even thrive
in certain industries such as grocery stores and home improvement stores. While certain industries were
more adversely affected such as lodging and gasoline sales in the initial year of the pandemic, virtually all
industries within the City have rebounded to pre-pandemic levels.
Financial Information
Management of the government is responsible for establishing and maintaining an internal control
structure designed to ensure that the assets of the government are protected from loss, theft or misuse
and to ensure that adequate data is compiled to allow for the presentation of financial statements in
conformance with generally accepted accounting principles. The internal control structure is designed to
provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable
assurance recognizes that: 1) the cost of a control should not exceed the benefits likely to be derived; and
2) that valuation of costs and benefits requires estimates and judgments by management.
Single Audit - As recipient of federal and state financial assistance, the government is also responsible for
ensuring that an adequate internal control structure is in place to ensure compliance with applicable laws
and regulations related to those programs. This internal control structure is subject to periodic evaluation
by management.
As part of the City’s audit in accordance with generally accepted government auditing standards, tests are
made to determine the adequacy of the internal control structure, including that portion related to federal
assistance programs, as well as to determine that the government has complied with applicable laws and
regulations.
Budgeting - Budgetary tracking is maintained at the line item level by the encumbrance of actual or
estimated purchase amounts prior to the release of purchase orders to vendors. Accountability for
budgetary compliance is held at the department level. The objective of these budgetary controls is to
ensure compliance with legal provisions embodied in the annual appropriated budget approved by the
City’s governing body. Purchase orders resulting in an overrun within a department balance are released
only after the approval of the finance director or mayor.
Budget amendments are effected by resolutions enacted by the governing body when needed. Activities
of the General Fund, Debt Service Fund, Capital Projects Fund, Gas Tax Special Revenue Fund, Judicial
Special Revenue Fund, Wastewater Enterprise Fund and Sanitation Enterprise Fund are included in the
budget. Encumbrances lapse at year-end; however, encumbrances remaining against a positive
department budget balance may be re-appropriated as a “prior year carryover.”
vi
The City’s budget is prepared in accordance with generally accepted accounting principles (GAAP), with
the exception that encumbrances are included with expenditures. Reconciliations of expenditures
reported in accordance with GAAP and those presented in accordance with the non-GAAP budgetary basis
are presented in the notes to the financial statements and in the notes to the schedules of revenues,
expenditures, and changes in fund balance - budget to actual.
Healthcare Costs - With the healthcare costs continuing to increase, the City of Prattville opened the
primary healthcare clinic in 2011. This clinic provides City employees and their dependents with those
services that would be rendered by a family practice physician. The City hired CareHere LLC to manage
all aspects of operations for this clinic.
General Fund Reserves - Management has, through council ordinance, established a General Fund
Reserves Policy for the City to identify the parameters and calculations required to maintain an adequate
balance in the General Fund Reserves bank account. The balance in the General Fund Reserves bank
account shall meet the following requirement:
1) General Fund Cash Reserves equal to or exceeding the greater of:
a. $6,000,000.00; or
b. Twenty (20) percent (%) of the previous year’s audited General Fund revenue.
2) Unrestricted General Fund balance equal to or exceeding twenty-five (25) percent (%) of the
previous year’s audited General Fund revenue. Unrestricted General Fund balance shall
include the General Fund “assigned” and “unassigned” fund balance categories, as well as any
“committed” fund balance amounts attributable specifically to the General Fund Reserves.
Awards and Acknowledgements
Two bronze medals were awarded to the City of Prattville for action taken to improve access to healthy
affordable food and increased opportunities for physical activity. These medals were awarded because
of Prattville's achievements in collaborating with other agencies on early care and education programs
and for also having at least 60% of public schools participating in the School Breakfast Program.
During 2018 the City achieved the distinction of earning a Class 1 Public Protection Classification rating by
the Insurance Services Office (ISO), an organization that independently evaluates municipal fire protection
efforts in communities across the United States. The City of Prattville is now the 11th community in the
State of Alabama with a Class 1 rating, and this classification has been obtained by less than 1% of fire
departments nationwide.
In 2021 the City was named a 2021 Tree City USA by the Arbor Day Foundation in honor of its commitment
to effective urban forest management. With this recognition, the City has done its part in helping to
address challenges that communities worldwide are facing including issues with air quality, water
resources, personal health and well-being, energy use, and protection from extreme heat and flooding.
This is the 36th consecutive year that the City has been recognized with this distinguished designation.
vii
In 2021 the City received an Outstanding Planning Award from the Alabama Chapter of the American
Planning Association for a Comprehensive Plan for Project Prattville 2040. The Outstanding Planning
Award for a Comprehensive Plan for Communities with a population under 50,000 recognizes an
outstanding comprehensive plan addressing the long-range development of an area, city, county or
region. The City of Prattville Planning Commission adopted the new comprehensive plan, Project Prattville
2040, on April 15, 2021, and City Council unanimously adopted on July 6, 2021, after over a year of
preparation.
The Government Finance Officers Association (GFOA) of the United States and Canada awarded a
Certificate of Achievement for Excellence in Financial Reporting to the City of Prattville for its Annual
Comprehensive Financial Report (ACFR) for the fiscal year ended September 30, 2020. In order to be
awarded a Certificate of Achievement, a governmental entity must publish an easily readable and
efficiently organized ACFR. This report must satisfy both accounting principles generally accepted in the
United States of America and applicable legal requirements.
A Certificate of Achievement is valid for a period of only one year. We believe the City’s 2021 ACFR
continues to meet the Certificate of Achievement Program's requirements, and it is being submitted to
the GFOA to determine its eligibility for another certificate.
Other Information
Independent Audit - The government is required by State law to undergo an annual audit by independent
public accountants. To meet federal requirements of the Single Audit Act Amendments of 1996, and the
resultant issuance of Subpart F of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance); and the City’s audit report must be signed by a certified public accountant. The accounting
firm of Jackson Thornton & Co. P.C. completed the City’s fiscal year 2021 audit. The auditor’s report on
the basic financial statements and the combining and individual fund statements and schedules is included
in the financial section of this report.
Acknowledgements - The preparation of the comprehensive annual financial report could not be
accomplished without the dedicated services of all City departments but in particular an efficient Finance
Department staff. We express appreciation to each member of the department and to those members of
other City departments for their contributions made in the preparation of this report.
In closing, the commitment to the achievement of mandated priorities speaks to the progressive
leadership and dedication to public service of the Mayor and City Council. Their support for a policy of
financial integrity has been instrumental in the preparation of this report.
Respectfully submitted,
Daniel F. Oakley, Finance Director
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Prattville
Alabama
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
September 30, 2020
Executive Director/CEO
viii
City of Prattville, Alabama
List of Principal Officials
As of September 30, 2021
ix
Mayor Bill Gillespie, Jr.
City Council
Jerry Starnes, Council President
Lora Lee Boone, President Pro Tempore
Albert C. Striplin
Marcus Jackson
John Chambers
Blair Gornto
Robert E. Strichik
Heads of Departments
Municipal Court - Judge Louis C. Colley
City Attorney - Rob Riddle
City Attorney - Andrew Odom
City Prosecutor - Brad E. Ekdahl
Interim City Clerk - Lisa Byrd
Finance Director - Daniel F. Oakley
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 - Jose Figueroa
Planning - Scott Stephens
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 &
Develpment
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
Policy or Judicial Authority Department Department Division
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
Vehicle
Maintenance
Storm Water
Management
GIS
Economic Development
General
Government
Executive Economic Development
Citizens of Prattville
City
Council
Authorities, Boards &
Department
City Clerk
Finance
Accounting
Accounts
Payable
Business
Public Safety
Police Fire
Commissions
Public Works
Maintenance
City Judge
Judicial
Prosecuting
Attorney
Engineering
Services
Engineering
City Attorney
Performing
Creative
Arts &
Recreation
Performing
2021
Licenses
Revenue
Human
Resources
Benefits
Management
Payroll
Risk
Management
Information
Technology
Planning &
Develpment
GIS
Animal Control
Computer
Forensics
Drug
Enforcement
Investigations
School
Relations
Sex Offender
Registry
Special
Operations
Traffic Patrol
Code
Enforcement
Legend:
Building
Division
Codes &
Standards
EMS
Fire Marshal
Fire Suppression
Fire Training
Facilities
Maintenance
Vehicle
Maintenance
Sanitation-
Enterprise Fund
Recycling
Storm Water
Management
Urban
Management
Wastewater-
Enterprise Fund
Street Division
Arts
Parks &
Recreation
Adult Programs
& Sports
Park
Maintenanace
Senior Programs
Youth Programs
& Sports
Department Division Department Service Area Policy or Judicial Authority
Mayor
x
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City Limits of Prattville 2021
xi
Financial Section
1
Independent Auditor’s Report
The Honorable Mayor and
Members of the City Council
City of Prattville, Alabama
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, 2021, 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 City’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 City’s internal
control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness
of accounting policies used and the reasonableness of significant accounting estimates made by
management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, the business-type activities, the discretely
presented component units, and each major fund of the City of Prattville, Alabama, as of
September 30, 2021, and the respective changes in financial position, and, where applicable, cash flows
thereof and the respective budgetary comparison for the General Fund, the 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.
2
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s
discussion and analysis on pages 3 through 12 and the schedule of changes in net pension liability and
related ratios, the schedule of employer contributions, and the schedule of changes in total OPEB liability
and related ratios on pages 59 through 61 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 Standards 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 statements. 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 section is fairly stated in all material respects in relation to the basic financial
statements as a whole.
The introductory section and statistical section 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 Government Auditing Standards, we have also issued our report dated
February 18, 2022, on our consideration of the City’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 solely 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
effectiveness of the City’s internal control over financial reporting or on compliance. That report is an
integral part of an audit performed in accordance with Government Auditing Standards in considering the
City’s internal control over financial reporting and compliance.
Montgomery, Alabama
February 18, 2022
City of Prattville, Alabama
Management’s Discussion and Analysis
September 30, 2021
3
As management of the City of Prattville, Alabama (the City), 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, 2021. 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 of resources exceeded its liabilities at
September 30, 2021, by $91,237,516 (net position).
•During the year, the City’s total net position increased by $13,192,327. Revenues of $63,543,161
exceeded expenses of $50,350,834. The increase in revenue over the prior year is due in part to the
increase in sales and other taxes received of $5,698,977. Expenses increased by $4,900,873 due
primarily to COVID-19 premium pay for employees ($1,212,414) and capital projects (Mac Gray Park).
•Under the Government Accounting Standards Board Statement Number 68, Accounting and Financial
Reporting for Pensions (GASB 68), the City recognized an expense of $3,056,368 in the current year.
•Under the Government Accounting Standards Board Statement Number 75, Accounting and Financial
Reporting for Postemployment Benefits Other Than Pensions (GASB 75), the City recognized an
expense of $413,319 in the current year.
•As of the close of the current fiscal year, the City’s governmental funds reported combined ending fund
balances of $24,475,319. There was a decrease of $1,511,759 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.
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 them. Complete
financial statements of the Library, the Authority, and HPRA can be obtained at their respective
administrative offices located in Prattville, Alabama.
The statement of net position presents information on all of the City’s assets, deferred outflows of resources,
liabilities, and deferred inflows of resources, with the difference between them 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.
City of Prattville, Alabama
Management’s Discussion and Analysis
September 30, 2021
4
Both statements distinguish functions of the City 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
and recreational. The business-type activities of the City include the wastewater and sanitation
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 uses fund
accounting to ensure and demonstrate compliance with finance-related legal matters. All funds of the City
can be divided into two categories: governmental and proprietary funds.
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 five 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 balances of the major funds.
The City adopts an annual appropriated budget for its General Fund, Capital Projects Fund, Debt Service
Fund, Gas Tax Special Revenue Fund, and Judicial Special Revenue Fund. Budgetary comparison
statement and schedules have been provided for these funds to demonstrate compliance with these
budgets.
Proprietary funds - Services for which the City charges customers a fee are generally reported in proprietary
funds. The City maintains two types of proprietary funds: enterprise funds and an internal service fund.
Enterprise funds are used to report the same functions presented as business-type activities in the entity-
wide financial statements. The City uses enterprise funds to account for its wastewater and sanitation
departments. Internal service funds are an accounting device used to accumulate and allocate costs
internally among the City’s various functions. The City uses an internal service fund 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 wastewater and sanitation departments, which are considered to be major funds of the City.
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’s progress in funding its obligation to provide pension benefits to its
employees. The notes are presented on pages 27 through 58 of this report.
City of Prattville, Alabama
Management’s Discussion and Analysis
September 30, 2021
5
Government-Wide Financial Analysis
The City’s condensed statement of net position as of September 30, 2021 and 2020 derived from the
government-wide statement of net position is presented below.
2021 2020 2021 2020 2021 2020
Current and other
assets 27,647,587$ 28,946,611$ 6,850,106$ 6,297,542$ 34,497,693$ 35,244,153$
Restricted assets 2,359,122 3,748,187 1,494,690 3,010,951 3,853,812 6,759,138
Capital assets,
net of depreciation 82,595,056 74,476,975 44,625,527 42,128,043 127,220,583 116,605,018
Total assets 112,601,765 107,171,773 52,970,323 51,436,536 165,572,088 158,608,309
Deferred outflows
of resources 5,280,012 4,817,449 507,569 414,450 5,787,581 5,231,899
Long-term liabilities 37,286,192 45,056,407 36,032,050 36,688,683 73,318,242 81,745,090
Other liabilities 5,826,534 3,304,497 977,377 506,213 6,803,911 3,810,710
Total liabilities 43,112,726 48,360,904 37,009,427 37,194,896 80,122,153 85,555,800
Deferred inflows
of resources 213,262 25,957 239,219
Net position
Net investment in
capital assets 70,375,541 64,770,445 12,513,145 10,553,041 82,888,686 75,323,486
Restricted 2,848,900 3,949,053 2,848,900 3,949,053
Unrestricted (deficit) 1,544,610 (5,304,442) 3,955,320 4,077,092 5,499,930 (1,227,350)
Total net position 74,769,051$ 63,415,056$ 16,468,465$ 14,630,133$ 91,237,516$ 78,045,189$
Governmental
Activities
Business-Type
Activities Totals
The largest component of the City’s net position as of September 30, 2021 reflects its investment in capital
assets (i.e. land, buildings, vehicles 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, 2021
increased by $10,615,565 from the prior year primarily due to the amount of current year increases in
construction in progress, buildings and improvements, 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 and deferred outflows
of resources exceeded liabilities by $91,237,516.
The City’s net position increased by $13,192,327 during the current fiscal year and was affected by
increased charges for services, operating grants and contributions, and sales and other taxes revenue, and
overall continued control over expenses. The City saw an increase in charges for services of $1,281,740,
and increase in operating grants and contributions of $985,060, and an increase in sales and other taxes
revenue of $5,698,977.
City of Prattville, Alabama
Management’s Discussion and Analysis
September 30, 2021
6
A portion of net position is restricted, or has restrictions on how they may be used. Governmental activities
restricted net position totaled $2,848,900 at September 30, 2021 and is restricted for use in law
enforcement, road projects, capital projects, Elmore County district improvements, cultural arts, and debt
service. The remaining balance of unrestricted net position generally may be used to meet the City’s
ongoing obligations. Governmental activities, at September 30, 2021, reported a balance in unrestricted
net position of $1,544,610. Business-type activities reported unrestricted net position of $3,955,320 at
September 30, 2021.
The following presents the City’s condensed statement of activities for the fiscal years ended
September 30, 2021 and 2020 as derived from the government-wide statement of activities. Over time,
increases and decreases in net position measure whether the City’s financial position is improving or
deteriorating. During the fiscal year, the net position of the primary government increased by $13,192,327.
This increase is primarily due to increases in charges for services, operating grants and contributions, and
sales and other taxes revenue, as well as continued control over expenses.
2021 2020 2021 2020 2021 2020
Revenues
Program revenues
Charges for services 9,172,483$ 8,433,965$ 9,342,266$ 8,799,044$ 18,514,749$ 17,233,009$
Operating grants and
contributions 2,855,387 1,869,454 873 2,855,387 1,870,327
Capital grants and
contributions 799,992 4,218,796 799,992 4,218,796
Total program revenues 12,827,862 14,522,215 9,342,266 8,799,917 22,170,128 23,322,132
General revenues
Sales and use taxes 32,422,803 27,588,603 32,422,803 27,588,603
Real and personal
property taxes 3,280,632 3,058,007 3,280,632 3,058,007
Lodging taxes 2,380,696 1,970,330 2,380,696 1,970,330
Local gasoline taxes 1,144,666 1,023,810 1,144,666 1,023,810
Alcoholic beverage taxes 478,991 416,068 478,991 416,068
Rental taxes 460,804 406,811 460,804 406,811
Tobacco taxes 120,463 126,449 120,463 126,449
Intergovermental shared
revenues 496,879 453,074 496,879 453,074
Investment earnings 56,800 130,579 6,439 24,673 63,239 155,252
Miscellaneous revenue 461,616 309,073 4,097 461,616 313,170
Gain (loss) on disposal
of assets 62,244 177,306 217,494 62,244 394,800
Total general revenues 41,366,594 35,660,110 6,439 246,264 41,373,033 35,906,374
Total revenues 54,194,456 50,182,325 9,348,705 9,046,181 63,543,161 59,228,506
Governmental Business-Type
Activities Activities Totals
City of Prattville, Alabama
Management’s Discussion and Analysis
September 30, 2021
7
2021 2020 2021 2020 2021 2020
Expenses
General government 11,667,746 9,533,096 11,667,746 9,533,096
Public safety 19,266,236 18,361,213 19,266,236 18,361,213
Public works 6,769,825 6,930,579 6,769,825 6,930,579
Cultural and recreational 3,339,664 3,068,326 3,339,664 3,068,326
Interest and fiscal charges 982,040 591,323 982,040 591,323
Wastewater 5,253,005 4,494,416 5,253,005 4,494,416
Sanitation 3,072,318 2,471,008 3,072,318 2,471,008
Total expenses 42,025,511 38,484,537 8,325,323 6,965,424 50,350,834 45,449,961
Excess before transfers 12,168,945 11,697,788 1,023,382 2,080,757 13,192,327 13,778,545
Transfers (814,950) 81,247 814,950 (81,247)
Change in net position 11,353,995 11,779,035 1,838,332 1,999,510 13,192,327 13,778,545
Net position - beginning 63,415,056 51,636,021 14,630,133 12,630,623 78,045,189 64,266,644
Net position - ending 74,769,051$ 63,415,056$ 16,468,465$ 14,630,133$ 91,237,516$ 78,045,189$
Governmental Business-Type
Activities Activities Totals
Expenses and Program Revenues for Governmental Activities
Governmental activities increased the City’s net position by $11,353,995 for fiscal year 2021. The key
elements of the increase in net position are the increases in revenue from the prior year as follows:
•Overall increase in general and program revenues of $4,012,131, including an increase of $1,281,740
in charges for services, and increase of $985,060 in operating grants and contributions, and an increase
of $4,834,200 in sales and use taxes.
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
Generalgovernment Public safety Public works Cultural andrecreational Interest and fiscalcharges
Expenses and Program Revenue -Governmental Activities
2021 Expenses
2021 Revenues
2020 Expenses
2020 Revenues
City of Prattville, Alabama
Management’s Discussion and Analysis
September 30, 2021
8
17%
5%
2%
60%
6%
4%
2%1%
1%0%1%0%
1%0%
Revenue By Source -Governmental Activities -FY 2021
Charges for services
Operating grants and contributions
Capital grants and contributions
Sales and use taxes
Real and personal property taxes
Lodging taxes
Local gasoline taxes
Alcoholic beverage taxes
Rental taxes
Tobacco taxes
Unrestricted shared revenues
Investment earnings
Miscellaneous
Gain on disposal of assets
17%
4%
9%
55%
6%
4%
2%1%1%0%0%1%
0%
Revenues By Source -Govermental Activites -FY 2020
Charges for services
Operating grants and contributions
Capital grants and contributions
Sales and use taxes
Real and personal property taxes
Lodging taxes
Local gasoline taxes
Alcoholic beverage taxes
Rental taxes
Tobacco taxes
Investment earnings
Miscellaneous
Loss on disposal of assets
City of Prattville, Alabama
Management’s Discussion and Analysis
September 30, 2021
9
Expenses and Program Revenues for Business-Type Activities
Business-type activities increased the City’s net position by $1,838,332. Key elements of this change in
net position are as follows:
•Wastewater operating expenses increased by $758,589, primarily due to an increase in depreciation
expense. Wastewater operating revenues increased by $359,397, which is due in part to an increase
sewer impact fee collections related to continued growth and construction in residential areas of the
City.
•Sanitation operating expenses increased by $601,310, which is due in part to increases in tipping fees,
pension expense, and salaries and benefits related to filling positions. Sanitation operating revenues
increased by $183,825, which is due in part to new customers related to the City’s growth and an
increase in the sanitation service fee of $1 per month beginning on January 1, 2021. The City has also
implemented multiple recyling programs, which decreased the amount of solid waste to be disposed of
and increased recycling revenue generated.
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
Wastewater Sanitation
Expenses and Program Revenue -Business-Type Activities
2021 Expenses
2021 Revenues
Financial Analysis of the City’s Funds
As noted earlier, the City 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.
City of Prattville, Alabama
Management’s Discussion and Analysis
September 30, 2021
10
As of September 30, 2021, governmental funds reported a combined ending fund balance of $24,475,319,
a decrease of $1,511,759 compared to the prior year. Of this balance, $134,033 is not available for new
spending because it is a prepaid item; $2,848,900 is restricted for law enforcement, road projects, capital
projects, Elmore County district improvements, cultural arts, and debt service; $999,922 is committed to
capital projects, public facilities, infrastructure, parks and recreation, and education; and $8,153,360 is
assigned for capital projects, facilities improvements, infrastructure, fire training, capital equipment,
economic development reserve, and other purposes.
The fund balance of the General Fund decreased $1,912,141 during the current fiscal year after other
financing sources and uses. Total revenue increased $8,530,893 as compared to the prior year primarily
due to an increase in taxes revenue. Transfers out increased by $11,233,088 due to transfers to the debt
service fund to pay off Series 2013-A, 2014, and 2015 warrants.
The fund balance of the Capital Projects Fund increased $131,494 during the current fiscal year after other
financing sources and uses, primarily due to proceeds from the issuance of long-term debt.
The fund balance of the Debt Service Fund decreased $19 during the current fiscal year.
The fund balance of the Gas Tax Special Revenue Fund increased $284,737 during the current fiscal year.
This increase in the fund balance was the result of an increase in intergovernmental revenues and a
decrease in paving project expenditures.
The fund balance of the Judicial Special Revenue Fund decreased $15,830 during the current fiscal year
after other financing uses and uses. The decrease in the fund balance was primarily the result of decreased
revenue due to court closures caused by the coronavirus pandemic.
Enterprise funds - The City’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 enterprise funds
at the end of the year amounted to $3,955,320. The Wastewater Fund had an overall increase in net
position of $1,224,026, and the Sanitation Fund had an overall increase in net position of $614,306.
Internal service fund - Internal service funds are designed to recover the internal costs of government
services provided to other funds. At September 30, 2021, the internal service fund reported a deficit of
$309,280 for its net position balance. Contributions remained the same as the prior year for all participating
funds for the year ended September 30, 2021. For 2021, the Enterprise funds funded the exact allocation
of costs.
Capital Assets and Long-Term Debt Administration
Capital assets - The City’s net investment in capital assets for its governmental and business-type activities
as of September 30, 2021 was $82,888,686. This investment in capital assets includes land, construction
in progress, buildings and improvements, land improvements, vehicles, equipment, and infrastructure.
City of Prattville, Alabama
Management’s Discussion and Analysis
September 30, 2021
11
Major capital asset additions during the year include:
• Increases in construction in progress of $11,599,743, net of $4,817,376 placed in service
• Purchases of vehicles of $863,175
• Purchases of office, nonoffice, and computer equipment of $1,251,771
Governmental Business-Type
Activities Activities Total
Land 2,941,194$ 1,257,019$ 4,198,213$
Construction in progress 8,772,352 4,123,630 12,895,982
Buildings and building improvements 8,221,589 2,925,935 11,147,524
Land improvements 933,222 929,743 1,862,965
Vehicles 2,207,595 847,719 3,055,314
Office, nonoffice, and computer equipment 3,295,766 589,765 3,885,531
Infrastructure 56,223,338 33,951,716 90,175,054
Totals, net of accumulated depreciation 82,595,056$ 44,625,527$ 127,220,583$
Additional information on the City’s capital assets can be found in Note 4 of the financial statements.
Long-term debt - As of September 30, 2021, the governmental activities had total debt outstanding of
$14,514,291 and the business-type activities had a total debt outstanding of $33,607,072.
2021 2020 Change
General obligation warrants 15,548,066$ 29,880,979$ (14,332,913)$
Warrants from direct placements 30,537,248 27,237,766 3,299,482
Capital leases 578,163 687,172 (109,009)
Limited obligation warrant 1,457,886 1,470,636 (12,750)
Totals 48,121,363$ 59,276,553$ (11,155,190)$
The City of Prattville, Alabama’s total debt outstanding decreased by $11,155,190 during the current fiscal
year. During 2021, the City issued General Obligation Warrant, Series 2020-D in the amount of $4,650,000
and General Obligation Warrant, Series 2021-CWSRF-DL in the amount of $315,000. Additional
information on the City’s long-term debt can be found in Note 6 of the financial statements.
Budgetary Highlights for the Fiscal Year Ending September 30, 2021
Budget to actual statements and schedules are provided in the financial statements for the General Fund,
Gas Tax Special Revenue Fund, Judicial Special Revenue Fund, Capital Projects Fund, and Debt Service
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, 2021, actual revenues for the General Fund were more than the budgeted amount by
$4,347,026, or 9.13%. Sales and use taxes were $2,844,394 more than budgeted due to increased sales
primarily as a result of an overall improvement in economic conditions.
As of September 30, 2021, actual expenditures for the General Fund were less than the budgeted amount
by $2,384,740 or 6.26%.
City of Prattville, Alabama
Management’s Discussion and Analysis
September 30, 2021
12
Economic Factors and Year 2022 Budget
Economic conditions for the City 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 and use taxes, which comprised approximately 60% of general fund
revenues in fiscal year 2021. In the current economic climate, the City has renewed a one cent sales
tax that has been in place since October 2012 and reallocated said tax to be used for general fund
reserves, economic development, education, parks and recreation facilities, infrastructure and public
facilities. The new allocation will be reflected in the 2022 budget.
• The unemployment rate for Autauga County, where the City is primarily located, is currently 2.7%,
which is a decrease compared to the prior year. The unemployment rate for the City is 2.6%. The
unemployment rate compares favorably to both the state’s current unemployment rate of 3.3% and to
the national average rate of 5.3%.
• 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 strategic economic development.
Requests for Information
This financial report is designed to provide our citizens, taxpayers, customers, investors, and creditors with
a general overview of the City of Prattville, Alabama’s finances and to demonstrate the City’s accountability
and fiscal responsibility. 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
City of Prattville, Alabama
Statement of Net Position
September 30, 2021
The accompanying notes are an integral part of these financial statements.
13
Autauga-HistoricPrattvillePrattvillePrattvilleGovernmental Business-Type Public Airport Redevelopment
Activities Activities Total Library Authority Authority
Assets
Cash and cash equivalents 23,410,557$ 5,673,058$ 29,083,615$ 339,782$ 249,633$ 103,037$
Interfund balances 131,609 (131,609)
Accounts receivable, net 476,490 758,705 1,235,195 4,543
Taxes receivable 3,265,509 3,265,509 Intergovernmental receivables 229,389 525,000 754,389 Inventory 59,256
Prepaid items 134,033 24,952 158,985 11,394
Restricted assets
Cash and cash equivalents 1,542,980 377,468 1,920,448 104,749
Other 816,142 1,117,222 1,933,364
Mortgage receivable 200,000
Capital assets, not depreciated 11,713,546 5,380,649 17,094,195 3,374,336 1,076,250 Capital assets, net ofaccumulated depreciation 70,881,510 39,244,878 110,126,388 19,145 4,819,005 2,372,243
Total assets 112,601,765 52,970,323 165,572,088 370,321 8,506,773 3,856,279
Deferred Outflows of Resources
Pension related items 4,088,709 507,569 4,596,278 92,835
OPEB related items 1,191,303 1,191,303
Total deferred outflows
of resources 5,280,012 507,569 5,787,581 92,835
Liabilities
Accounts payable 1,739,233 615,244 2,354,477 207 39,439 13,573
Accrued liabilities 435,457 51,146 486,603 9,427
Accrued interest 41,058 282,906 323,964 10,451
Unearned revenues 3,078,812 3,078,812 48,300
Other liabilities 531,974 28,081 560,055
Long-term liabilitiesPortion due or payable in oneyear
Long-term debt 1,002,253 907,250 1,909,503 36,723 120,000
Compensated absences 384,706 165,081 549,787
Portion due or payable after
one year
Long-term debt 13,512,038 32,699,822 46,211,860 290,521 4,040,153
Compensated absences 1,054,420 110,033 1,164,453 7,641
Net pension liability 17,318,142 2,149,864 19,468,006 161,845 Total OPEB liability 4,014,633 4,014,633 Total liabilities 43,112,726 37,009,427 80,122,153 227,420 366,683 4,184,177
Net Position
Net investment in capital assets 70,375,541 12,513,145 82,888,686 19,145 7,866,097 (711,660)
Restricted
Law enforcement 219,805 219,805
Road projects 485,603 485,603 Capital projects 1,170,245 1,170,245 Elmore County district
improvements 930,043 930,043
Cultural arts 41,252 41,252
Debt service 1,952 1,952 104,749
Airport improvements 34,157
Unrestricted 1,544,610 3,955,320 5,499,930 216,591 239,836 279,013
Total net position 74,769,051$ 16,468,465$ 91,237,516$ 235,736$ 8,140,090$ (327,898)$
Component UnitsPrimary Government
City of Prattville, Alabama
Statement of Activities
For the Year Ended September 30, 2021
The accompanying notes are an integral part of these financial statements.
14
Operating Capital Autauga-Prattville Historic PrattvilleCharges for Grants and Grants and Governmental Business-Type Prattville Airport Redevelopment
Expenses Services Contributions Contributions Activities Activities Total Public Library Authority Authority
Functions/Programs
Primary government
Governmental activities
General government 11,667,746$ 7,481,888$ 2,587,203$ 346,317$ (1,252,338)$ (1,252,338)$
Public safety 19,266,236 1,076,420 268,184 36,750 (17,884,882) (17,884,882) Public works 6,769,825 416,925 (6,352,900) (6,352,900) Cultural and recreational 3,339,664 614,175 (2,725,489) (2,725,489)
Interest and fiscal charges 982,040 (982,040) (982,040)
Total governmental activities 42,025,511 9,172,483 2,855,387 799,992 (29,197,649) (29,197,649)
Business-type activities
Wastewater 5,253,005 6,360,143 1,107,138$ 1,107,138 Sanitation 3,072,318 2,982,123 (90,195) (90,195) Total business-type activities 8,325,323 9,342,266 1,016,943 1,016,943 Total primary government 50,350,834$ 18,514,749$ 2,855,387$ 799,992$ (29,197,649) 1,016,943 (28,180,706)
Component units
Autauga-Prattville Public Library 696,508$ 17,685$ 105,280$ (573,543)$
Prattville Airport Authority 874,190 324,031 153,414$ (396,745)$
Historic Prattville RedevelopmentAuthority 837,694 249,000 (588,694)$ Total component units 2,408,392$ 590,716$ 105,280$ 153,414$ (573,543) (396,745) (588,694)
General revenues
Sales and use taxes 32,422,803 32,422,803
Real and personal property taxes 3,280,632 3,280,632
Lodging taxes 2,380,696 2,380,696Local gasoline taxes 1,144,666 1,144,666Alcoholic beverage taxes 478,991 478,991
Rental taxes 460,804 460,804
Tobacco taxes 120,463 120,463
Unrestricted shared revenues 496,879 496,879
Investment earnings 56,800 6,439 63,239 193 256 24
Miscellaneous revenue 461,616 461,616City appropriation 320,000 110,000 41,256 County appropriation 205,500 Gain on disposal of assets 62,244 62,244 11,500
Transfers (814,950) 814,950
Total general revenues and transfers 40,551,644 821,389 41,373,033 525,693 110,256 52,780
Change in Net Position 11,353,995 1,838,332 13,192,327 (47,850) (286,489) (535,914)
Net Position - Beginning 63,415,056 14,630,133 78,045,189 283,586 8,426,579 208,016 Net Position - Ending 74,769,051$ 16,468,465$ 91,237,516$ 235,736$ 8,140,090$ (327,898)$
Program Revenues Component Units
Net (Expense) Revenue and Changes in Net Position
Primary Government
City of Prattville, Alabama
Balance Sheet
Governmental Funds
September 30, 2021
The accompanying notes are an integral part of these financial statements.
15
Gas Tax Judicial
Capital Debt Special Special Total
General Projects Service Revenue Revenue Governmental
Fund Fund Fund Fund Fund Funds
Assets
Cash and cash equivalents 18,577,265$ 4,055,851$ 475,321$ 286,037$ 23,394,474$
Accounts receivable, net 365,005 365,005
Taxes receivable 3,218,371 47,138 3,265,509
Intergovernmental receivables 184,777 44,612 229,389
Due from other funds 292,820 1,362 294,182
Prepaid items 133,803 230 134,033
Restricted assets
Cash and cash equivalents 1,223,478 317,550 1,952$ 1,542,980
Other 816,142 816,142
Total assets 23,810,742$ 5,422,820$ 1,952$ 519,933$ 286,267$ 30,041,714$
Liabilities
Accounts payable 612,884$ 650,410$ 34,330$ 34,953$ 1,332,577$
Accrued liabilities 427,103 8,354 435,457
Other liabilities 266,270 265,704 531,974
Unearned revenues 3,078,812 3,078,812
Due to other funds 112,185 20,195 132,380
Total liabilities 4,385,069 762,595 34,330 329,206 5,511,200
Deferred Inflows of Resources
Unavailable revenue 55,195 55,195
Fund Balances
Nonspendable
Prepaid items 133,803 230 134,033
Restricted
Law enforcement 219,805 219,805
Road projects 485,603 485,603
Capital projects 36,553 1,133,692 1,170,245
Elmore County district
improvements 930,043 930,043
Cultural arts 41,252 41,252
Debt service 1,952$ 1,952
Committed
Capital projects 390,510 390,510
Public facilities 152,353 152,353
Infrastructure 152,353 152,353
Parks and recreation 152,353 152,353
Education 152,353 152,353
Assigned
Capital projects 2,043,621 2,043,621
Facilities improvements 370,171 370,171
Infrastructure 771,329 771,329
Fire training 40,917 40,917
Capital equipment reserve 196,353 196,353
Economic development reserve 1,632,094 1,632,094
Other purposes 2,832,997 265,878 3,098,875
Unassigned (deficit)12,382,273 (43,169) 12,339,104
Total fund balances 19,425,673 4,605,030 1,952 485,603 (42,939) 24,475,319
Total liabilities, deferred
inflows of resources,
and fund balances 23,810,742$ 5,422,820$ 1,952$ 519,933$ 286,267$ 30,041,714$
City of Prattville, Alabama
Reconciliation of Balance Sheet of Governmental Funds to Statement of Net Position
September 30, 2021
The accompanying notes are an integral part of these financial statements.
16
Differences in amounts reported for governmental activities in the statement of net position:
Total fund balances - governmental funds 24,475,319$
Land 2,941,194$
Construction in progress 8,772,352
8,221,589
933,222
2,207,595
Office, nonoffice, and computer equipment, net of $4,998,233 accumulated
depreciation 3,295,766
56,223,338
Total capital assets 82,595,056
55,195
(309,281)
Pension related deferred outflows 4,088,709
OPEB related deferred outflows 1,191,303
Total deferred outflows and inflows of resources 5,280,012
Accrued interest payable (41,058)
Warrants from direct placements (12,478,242)
Capital leases (578,163)
Limited obligation warrant (1,457,886)
Compensated absences (1,439,126)
Net pension liability (17,318,142)
Total OPEB liability (4,014,633)
Total long-term liabilities (37,327,250)
Net position of governmental activities 74,769,051$
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.
Capital assets used in governmental activities are not financial resources and,
therefore, are not reported in the governmental funds. Those assets consist of:
Deferred outflows and inflows of resources are applicable to future periods and,
therefore, are not reported in the governmental funds.
Long-term liabilities are not due and payable in the current period and,therefore,are
not reported in the governmental funds.
Infrastructure, net of $15,996,290 accumulated depreciation
Land improvements, net of $4,904,510 accumulated depreciation
Buildings and building improvements, net of $2,430,065 accumulated depreciation
Vehicles, net of $6,305,099 accumulated depreciation
Revenues that are not available to pay for current period expenditures and,therefore,
are reported as deferred inflows of resources in the governmental funds.
City of Prattville, Alabama
Statement of Revenues, Expenditures, and Changes in Fund Balances
Governmental Funds
For the Year Ended September 30, 2021
The accompanying notes are an integral part of these financial statements.
17
Gas Tax Judicial
Capital Debt Special Special Total
General Projects Service Revenue Revenue Governmental
Fund Fund Fund Fund Fund Funds
Revenues
Taxes 39,827,998$ 461,057$ 40,289,055$
Licenses and permits 6,709,219 6,709,219
Intergovernmental revenues 3,389,016 3,375,009 485,584$ 7,249,609
Charges for services 1,563,819 1,563,819
Fines and forfeitures 126,776 772,669$ 899,445
Investment earnings 51,385 5,096 2$ 170 56,653
Miscellaneous revenues 275,066 275,066
Total revenues 51,943,279 3,841,162 2 485,754 772,669 57,042,866
Expenditures
Current
General government 9,007,867 336,603 9,344,470
Public safety 14,907,313 633,887 15,541,200
Public works 5,088,478 170,240 243,740 5,502,458
Cultural and recreational 2,955,058 2,955,058
Capital outlay 1,983,090 8,630,247 11,150 10,624,487
Debt service
Principal payments 12,749 14,722,234 14,734,983
Interest and fiscal charges 24,500 993,009 1,017,509
Total expenditures 33,954,555 8,824,987 15,715,243 243,740 981,640 59,720,165
Excess of revenues over
(under) expenditures 17,988,724 (4,983,825) (15,715,241) 242,014 (208,971) (2,677,299)
Other Financing Sources (Uses)
Sale of capital assets 109,834 109,834
Transfers in 685,290 15,715,222 42,723 253,141 16,696,376
Transfers out (20,010,699) (534,971) (60,000) (20,605,670)
Issuance of long-term debt 4,965,000 4,965,000
Total other financing sources
(uses)(19,900,865) 5,115,319 15,715,222 42,723 193,141 1,165,540
Net Changes in Fund Balances (1,912,141) 131,494 (19) 284,737 (15,830) (1,511,759)
Fund Balances - Beginning 21,337,814 4,473,536 1,971 200,866 (27,109) 25,987,078
Fund Balances - Ending 19,425,673$ 4,605,030$ 1,952$ 485,603$ (42,939)$ 24,475,319$
City of Prattville, Alabama
Reconciliation of Statement of Revenues, Expenditures, and Changes in Fund Balances of
Governmental Funds to Statement of Activities
For the Year Ended September 30, 2021
The accompanying notes are an integral part of these financial statements.
18
Differences in amounts reported for governmental activities in the statement of activities:
Net change in fund balances - total governmental funds (1,511,759)$
10,624,487
614,900
(3,073,715)
(47,591)
Long-term debt proceeds (4,965,000)
14,734,983
Accrued interest payable 106,096$
Compensated absences 21,183
Change in net pension liability and related deferred amounts (1,066,088)
Change in total OPEB liability and related deferred amounts (208,412)
(1,147,221)
(70,626)
(3,712,251)
(92,212)
Change in net position of governmental activities 11,353,995$
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:
Governmental funds report the effect of premiums,discounts,and deferred loss on
refunding,whereas these amounts are deferred and amortized in the statement of
activities.
Internal service funds are used by management to charge the costs of employee
medical insurance to individual funds.The net income (expense)of certain activities of
internal service funds is reported with governmental activities.
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.
Capital outlay,reported as expenditures in governmental funds,is shown as capital
assets in the statement of net position.
Donations of capital assets increase net position in the statement of net position but do
not appear in the governmental funds because they are not financial resources.
Depreciation expense on governmental capital assets included in the governmental
activities in the statement of activities.
The net effect of transactions involving the disposal of capital assets is to decrease net
position in the statement of net position.
Debt proceeds provide current fiscal 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:
The repayment of the principal of long-term debt consumes the current financial
resources of governmental funds but has no effect on net position.
City of Prattville, Alabama
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual
General Fund
For the Year Ended September 30, 2021
The accompanying notes are an integral part of these financial statements.
19
Actual Amounts Variance With
Original Final Budgetary Basis Final Budget
Revenues
Taxes
Sales and use taxes 27,610,750$ 29,578,409$ 32,422,803$ 2,844,394$
Real and personal property taxes 3,071,500 3,071,500 3,280,632 209,132
Lodging taxes 1,900,000 1,900,000 1,919,639 19,639
Local gasoline taxes 1,050,000 1,050,000 1,144,666 94,666
Alcoholic beverage taxes 395,000 395,000 478,991 83,991
Rental taxes 420,000 420,000 460,804 40,804
Tobacco taxes 125,000 125,000 120,463 (4,537)
Total taxes 34,572,250 36,539,909 39,827,998 3,288,089
Licenses and permits
Business licenses 5,499,000 5,499,000 5,499,724 724
Franchise fees 550,000 550,000 523,585 (26,415)
Building permits and inspection fees 514,250 514,250 684,480 170,230
Yard sale and special event permits 3,800 3,800 1,430 (2,370)
Total licenses and permits 6,567,050 6,567,050 6,709,219 142,169
Intergovernmental revenues
Shared 250,000 250,000 496,879 246,879
Grants 238,855 2,472,163 2,892,137 419,974
Total intergovernmental revenues 488,855 2,722,163 3,389,016 666,853
Charges for services
Ambulance fees 795,000 858,182 942,819 84,637
Fire training tuition 20,000 20,000 6,824 (13,176)
Parks and recreation 464,350 464,350 588,189 123,839
Performing and creative arts 57,500 57,500 25,987 (31,513)
Total charges and fees for services 1,336,850 1,400,032 1,563,819 163,787
Fines and forfeitures
Drug confiscation proceeds 88,071 88,071
Penalties and other fees 57,000 57,000 30,316 (26,684)
Accident reports 9,000 9,000 8,389 (611)
Total fines and forfeitures 66,000 66,000 126,776 60,776
Investment earnings
Interest 125,000 125,000 51,385 (73,615)
Miscellaneous revenues
Donations 2,000 2,000 16,450 14,450
Insurance proceeds 50,000 50,000 141,967 91,967
Tower rent 21,700 21,700 21,907 207
Miscellaneous income 86,149 102,399 94,742 (7,657)
Total miscellaneous revenues 159,849 176,099 275,066 98,967
Total revenues 43,315,854 47,596,253 51,943,279 4,347,026
Budgeted Amounts
City of Prattville, Alabama
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual
General Fund
For the Year Ended September 30, 2021
The accompanying notes are an integral part of these financial statements.
20
Actual Amounts Variance With
Original Final Budgetary Basis Final Budget
Expenditures
General government
Executive 762,815$ 714,450$ 536,058$ 178,392$
Legislative 156,205 156,205 141,303 14,902
Finance 671,545 671,545 636,996 34,549
City clerk 207,326 207,326 196,185 11,141
Human resources 836,569 2,253,243 1,791,163 462,080
Information technology 1,995,686 2,028,186 2,101,049 (72,863)
Vehicle maintenance 325,797 325,797 302,145 23,652
Sales tax incentives 1,320,000 1,320,000 1,601,693 (281,693)
Building 373,487 373,487 339,627 33,860
City/County services 270,000 270,000 270,000
Community initiatives 611,801 688,601 486,101 202,500
Appropriations 699,000 699,000 722,791 (23,791)
Total general government 8,230,231 9,707,840 9,125,111 582,729
Public safety
Police 8,191,980 7,891,980 7,566,268 325,712
Fire 7,271,650 7,298,784 7,382,303 (83,519)
Total public safety 15,463,630 15,190,764 14,948,571 242,193
Public works
General public works 508,932 508,932 470,436 38,496
Planning and development 1,021,540 1,021,540 1,002,239 19,301
Urban management 1,714,842 1,714,842 1,701,586 13,256
Engineering 1,448,504 1,318,653 1,089,640 229,013
Facilities maintenance 665,496 665,496 662,541 2,955
Total public works 5,359,314 5,229,463 4,926,442 303,021
Cultural and recreational
Parks and recreation 2,567,032 2,567,032 2,639,119 (72,087)
Performing and creative arts 385,755 385,755 314,380 71,375
Other 192,000 192,000 192,000
Total cultural and recreational 3,144,787 3,144,787 2,953,499 191,288
Capital outlay 1,440,829 4,784,489 3,722,731 1,061,758
Debt service
Principal payments 16,500 16,500 12,749 3,751
Total expenditures 33,655,291 38,073,843 35,689,103 2,384,740
Excess of revenues over
expenditures 9,660,563 9,522,410 16,254,176 6,731,766
Budgeted Amounts
City of Prattville, Alabama
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual
General Fund
For the Year Ended September 30, 2021
The accompanying notes are an integral part of these financial statements.
21
Actual Amounts Variance With
Original Final Budgetary Basis Final Budget
Other Financing Sources (Uses)
Sale of capital assets 65,000$ 65,000$ 109,834$ 44,834$
Transfers to Wastewater Fund (111,163) (111,163)
Transfers to Capital Projects Fund (685,290) (685,290)
Transfers to Debt Service Fund (9,343,667) (15,262,417) (15,180,251) 82,166
Transfers to Gas Tax Fund (42,723) (42,723) (42,723)
Transfers to Judicial Special Revenue Fund (222,614) (222,614) (253,141) (30,527)
Transfers to Sanitation Fund (703,787) (703,787)
Transfers to Internal Service Fund (3,030,000) (3,034,344) (3,034,344)
Total other financing sources (uses)(12,574,004) (18,497,098) (19,900,865) (1,403,767)
Net change in fund balance,
budgetary basis (2,913,441)$ (8,974,688)$ (3,646,689) 5,327,999$
Adjustment for reconciling items to adjust from
budgetary basis to modified accrual basis
Change in encumbrances 1,734,548
Net Change in Fund Balance, Modified Accrual Basis (1,912,141)
Fund Balance - Beginning 21,337,814
Fund Balance - Ending 19,425,673$
Budgeted Amounts
City of Prattville, Alabama
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual
Gas Tax Special Revenue Fund
For the Year Ended September 30, 2021
The accompanying notes are an integral part of these financial statements.
22
Actual Amounts Variance With
Original Final Budgetary Basis Final Budget
Revenues
Intergovernmental revenues
State gasoline and lubricating
oil excise tax 456,000$ 456,000$ 485,584$ 29,584$
Interest income 200 200 170 (30)
Total revenues 456,200 456,200 485,754 29,554
Expenditures
Public works 498,923 498,923 243,740 255,183
Excess of revenues under
expenditures (42,723) (42,723) 242,014 284,737
Other Financing Sources
Transfers from General Fund 42,723 42,723 42,723
Net change in fund balance,
budgetary basis -$ -$ 284,737 284,737$
Net Change in Fund Balance, Modified Accrual Basis 284,737
Fund Balance - Beginning 200,866
Fund Balance - Ending 485,603$
Budgeted Amounts
City of Prattville, Alabama
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual
Judicial Special Revenue Fund
For the Year Ended September 30, 2021
The accompanying notes are an integral part of these financial statements.
23
Actual Amounts Variance With
Original Final Budgetary Basis Final Budget
Revenues
Fines and forfeitures 778,200$ 778,200$ 772,669$ (5,531)$
Expenditures
General government
Judicial 318,730 318,730 334,659 (15,929)
Public safety
Police 622,084 622,084 633,887 (11,803)
Capital outlay 11,150 (11,150)
Total expenditures 940,814 940,814 979,696 (27,732)
Excess of revenues over
expenditures (162,614) (162,614) (207,027) (33,263)
Other Financing Uses
Transfers from General Fund 222,614 222,614 253,141 30,527
Transfers to Internal Service Fund (60,000) (60,000) (60,000)
Total other financing sources 162,614 162,614 193,141 30,527
Net change in fund balance,
budgetary basis -$ -$ (13,886) (2,736)$
Adjustment for reconciling items to adjust from
budgetary basis to modified accrual basis
Change in encumbrances (1,944)
Net Change in Fund Balance, Modified Accrual Basis (15,830)
Fund Balance - Beginning (27,109)
Fund Balance - Ending (42,939)$
Budgeted Amounts
City of Prattville, Alabama
Statement of Net Position
Proprietary Funds
September 30, 2021
The accompanying notes are an integral part of these financial statements.
24
Governmental
Activities
Total Enterprise Internal Service
Wastewater Sanitation Funds Fund
Assets
Current assets
Cash and cash equivalents 5,286,598$ 386,460$ 5,673,058$ 16,083$
Accounts receivables, net 523,489 235,216 758,705 111,485
Intergovernmental receivables 525,000 525,000
Prepaid items 6,029 18,923 24,952
Total current assets 6,341,116 640,599 6,981,715 127,568
Noncurrent assets
Restricted assets
Cash and cash equivalents 377,468 377,468
Other 1,117,222 1,117,222
Capital assets, not being depreciated 5,041,995 338,654 5,380,649
Capital assets, net of accumulated
depreciation 38,589,111 655,767 39,244,878
Total noncurrent assets 45,125,796 994,421 46,120,217
Total assets 51,466,912 1,635,020 53,101,932 127,568
Deferred Outflows of Resources
Pension related items 316,552 191,017 507,569
Liabilities
Current liabilities
Accounts payable 539,788 75,456 615,244 201,126
Accrued liabilities 31,008 20,138 51,146 205,530
Accrued interest 282,906 282,906
Other liabilities 13,274 14,807 28,081
Due to other funds 33,713 97,896 131,609 30,192
Current portion of long-term debt 907,250 907,250
Current portion of compensated absences 165,081 165,081
Total current liabilities 1,973,020 208,297 2,181,317 436,848
Noncurrent liabilities
Long-term debt 32,699,822 32,699,822
Compensated absences 55,793 54,240 110,033
Net pension liability 1,340,790 809,074 2,149,864
Total noncurrent liabilities 34,096,405 863,314 34,959,719
Total liabilities 36,069,425 1,071,611 37,141,036 436,848
Net Position
Net investment in capital assets 11,518,724 994,421 12,513,145
Unrestricted (deficit)4,195,315 (239,995) 3,955,320 (309,280)
Total net position 15,714,039$ 754,426$ 16,468,465$ (309,280)$
Business-Type Activities
City of Prattville, Alabama
Statement of Revenues, Expenses, and Changes in Net Position
Proprietary Funds
For the Year Ended September 30, 2021
The accompanying notes are an integral part of these financial statements.
25
Governmental
Activities
Total Enterprise Internal Service
Wastewater Sanitation Funds Fund
Operating Revenues
Charges and services 6,360,143$ 2,982,123$ 9,342,266$ 1,041,911$
Operating Expenses
Cost of sales and services 439,375 917,309 1,356,684
Salaries and benefits 1,754,125 1,309,174 3,063,299
Repairs and maintenance 79,962 217,749 297,711
Utilities 490,237 6,705 496,942
Insurance 95,518 59,063 154,581
Other 53,242 31,035 84,277 566,619
Depreciation 1,190,612 290,234 1,480,846
Benefits paid 4,141,995
Total operating expenses 4,103,071 2,831,269 6,934,340 4,708,614
Operating income (loss)2,257,072 150,854 2,407,926 (3,666,703)
Nonoperating Revenues (Expenses)
Loss on disposal of assets (2,838) (2,838)
Investment earnings 5,726 713 6,439 147
Interest and fiscal charges (907,097) (1,048) (908,145)
Total nonoperating revenues
(expenses)(904,209) (335) (904,544) 147
Net income (loss) before capital
contributions and transfers 1,352,863 150,519 1,503,382 (3,666,556)
Transfers in 111,163 703,787 814,950 3,574,344
Transfers out (240,000) (240,000) (480,000)
Change in Net Position 1,224,026 614,306 1,838,332 (92,212)
Net Position - Beginning 14,490,013 140,120 14,630,133 (217,068)
Net Position - Ending 15,714,039$ 754,426$ 16,468,465$ (309,280)$
Business-Type Activities
City of Prattville, Alabama
Statement of Cash Flows
Proprietary Funds
For the Year Ended September 30, 2021
The accompanying notes are an integral part of these financial statements.
26
Governmental
Activities
Total Enterprise Internal Service
Wastewater Sanitation Funds Funds
Cash Flows From (Used For) Operating Activities
Receipts from customers 6,268,450$ 2,987,086$ 9,255,536$
Receipts from interfund services provided 1,105,081$
Payments to suppliers (685,106) (1,231,809) (1,916,915) (4,786,983)
Payments to employees (1,638,596) (1,210,019) (2,848,615)
Net cash from (used for) operating activities 3,944,748 545,258 4,490,006 (3,681,902)
Cash Flows From (Used For) Noncapital Financing
Activities
Transfers to other funds (240,000) (240,000) (480,000)
Transfers from other funds 111,163 703,787 814,950 3,574,344
Net cash payments from (to) other funds (71,443) (550,345) (621,788) 29,988
Net cash from (used for) noncapital financing activities (200,280) (86,558) (286,838) 3,604,332
Cash Flows From (Used For) Capital and Related
Financing Activities
Acquisition and construction of capital assets (4,005,042) (4,005,042)
Principal paid on long-term debt (785,000) (187,294) (972,294)
Capital contributions 225,000 225,000
Interest and fiscal charges paid on long-term debt (910,586) (1,048) (911,634)
Net cash from (used for) capital and related financing
activities (5,475,628) (188,342) (5,663,970)
Cash Flows From (Used For) Investing Activities
Interest received 5,726 713 6,439 147
Net Increase (Decrease) in Cash and Cash Equivalents (1,725,434) 271,071 (1,454,363) (77,423)
Cash and Cash Equivalents - Beginning 8,506,722 115,389 8,622,111 93,506
Cash and Cash Equivalents - Ending 6,781,288$ 386,460$ 7,167,748$ 16,083$
Reconciliation of Cash and Cash Equivalents
Cash and cash equivalents 5,286,598$ 386,460$ 5,673,058$ 16,083$
Restricted assets 1,494,690 1,494,690
6,781,288$ 386,460$ 7,167,748$ 16,083$
Reconciliation of Operating Income (Loss) to Net Cash
From (Used For) Operating Activities
Operating income (loss)2,257,072$ 150,854$ 2,407,926$ (3,666,703)$
Adjustments to reconcile operating income (loss) to net
cash from (used for) operations
Depreciation expense 1,190,612 290,234 1,480,846
(Increase) decrease in accounts receivable (91,693) 4,963 (86,730) 63,170
Decrease in prepaid items (1,962) (5,186) (7,148)
Increase in deferred outflows of resources (48,038) (45,081) (93,119)
Increase (decrease) in accounts payable and accrued
liabilities 655,574 158,614 814,188 (78,369)
Decrease in deferred inflows of resources (16,817) (9,140) (25,957)
Net cash from (used for) operating activities 3,944,748$ 545,258$ 4,490,006$ (3,681,902)$
Business-Type Activities
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
27
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 (the 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, 2021. 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 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, 2021. 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 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, 2021. The HPRA 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.
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.
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
28
Note 1 - Summary of Significant Accounting Policies (continued)
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 - The General Fund 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.
The City reports the following major proprietary funds:
Wastewater - The Wastewater Fund accounts for the revenues and costs related to the provision of sanitary
sewer and wastewater treatment services in the City.
Sanitation - The Sanitation Fund accounts for the revenues and costs related to the provision of sanitation
services in the City.
Additionally, the City reports the following fund type:
Internal Service Fund - The Internal Service Fund accounts for the operations of the self-insured medical
insurance plan provided to other departments 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.
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
29
Note 1 - Summary of Significant Accounting Policies (continued)
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 fund balance 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.
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 nonoperating 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 nonoperating 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
and Elmore Counties are assessed by the Tax Assessors and collected by the Tax Collectors of the
counties. The counties’ property tax calendars require the Tax Assessors 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 Collectors 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 interfund loans) or “advances to/from other funds” (i.e., the noncurrent portion of interfund loans).
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
30
Note 1 - Summary of Significant Accounting Policies (continued)
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.
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. The cost of prepaid
items is recorded as expenditures/expenses when consumed rather than when purchased.
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, 2021; therefore, none
are reported on the statement of net position.
Inventory of the Prattville Airport Authority, a component unit, consists of aviation fuel and is valued at the
lower of cost or market determined on a first-in-first-out basis.
Restricted assets - Resources from federal and state grants/loans, appropriations and shared taxes, and
drug confiscation proceeds are classified as restricted assets on the statement of net position and the
balance sheet.
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. Interest incurred during the construction phase of capital assets is not included as part
of the capitalized value of the assets constructed.
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 are depreciated using the
straight-line method over the following estimated useful lives:
Asset Class Estimated Useful Lives Capitalization Threshold
Buildings and 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, 2021
31
Note 1 - Summary of Significant Accounting Policies (continued)
Capital assets of the Autauga-Prattville Public Library, a component unit, are depreciated using the straight-
line method over the following estimated useful lives:
Asset Class Estimated Useful Lives Capitalization Threshold
Equipment 3 - 20 years 5,000$
Capital assets of the Prattville Airport Authority, a component unit, are depreciated using the straight-line
method over the following estimated useful lives:
Asset Class Estimated Useful Lives Capitalization Threshold
Land improvements 20 years 5,000$
Buildings 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:
Asset Class Estimated Useful Lives Capitalization Threshold
Buildings and improvements 40 years 25,000$
Land improvements 20 years 25,000
Machinery and equipment 5 - 10 years 5,000
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 position that apply 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 deferred outflows of resources that qualify for
reporting in this category such as a deferred outflow of resources related to the City’s pension plan (see
Note 8) and a deferred outflow of resources for postemployment benefit plans other than pension (OPEB)
related items (see Note 9). The Library has a deferred outflow related to its pension plan.
Deferred inflows of resources - The City’s governmental funds report unavailable revenue from receivables
collected outside of the period of availability. These amounts are deferred and recognized as an inflow of
resources in the period that the amounts become available. As of September 30, 2021, the balance in the
Capital Projects Fund consisted of capital related grant funds received after the period of availability.
Unearned revenue - The City reported American Rescue Plan grant funds received in advance of the
underlying event as unearned revenue.
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
32
Note 1 - Summary of Significant Accounting Policies (continued)
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 position. 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.
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.
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.
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 via ordinance adoption.
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
33
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.
The City adopted a General Fund Reserves policy that maintains the greater of $6,000,000 or 20% of the
previous years’ audit General Fund revenue in a General Fund Reserves bank account.
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 Annual Comprehensive 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.
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, 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. During 2021, general government expenditures exceeded appropriations
in the Judicial Special Revenue Fund due to under budgeted salaries and wages. Public safety
expenditures exceeded appropriations in the Judicial Special Revenue Fund due to under budgeted jail
operating costs. Capital outlay expenditures exceeded appropriations in the Judicial Special Revenue Fund
due to under budgeted capital expenditures.
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.
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
34
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 (1,912,141)$
Encumbrances at beginning of the year 1,080,578
Encumbrances at end of the year (2,815,126)
Net change in fund balance, budgetary basis (3,646,689)$
Judicial Special
Revenue Fund
Net change in fund balance, modified accrual basis (15,830)$
Encumbrances at beginning of the year 1,944
Net change in fund balance, budgetary basis (13,886)$
Deficit fund equity - Funds with deficit fund balance or net position are as follows:
Deficit Amount
Judicial Special Revenue Fund 42,939$
Internal Service Fund 309,280
The deficit in the Judicial Special Revenue Fund is the result of a decrease in revenue due to court closures
caused by the coronavirus pandemic. 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, 2021
35
Note 4 - Capital Assets
Capital asset activity for the City’s governmental activities for the year ended September 30, 2021 was as
follows:
Beginning Ending
Balances Increases Decreases Balances
Capital assets, not being
depreciated
Land 2,821,406$ 119,788$ 2,941,194$
Construction in progress 5,752,962 7,836,766 4,817,376$ 8,772,352
Total capital assets, not being
depreciated 8,574,368 7,956,554 4,817,376 11,713,546
Capital assets, being depreciated
Buildings and improvements 6,903,434 3,763,220 15,000 10,651,654
Land improvements 5,837,732 5,837,732
Vehicles 8,473,811 721,486 682,603 8,512,694
Office, nonoffice, and computer
equipment 7,196,521 1,175,268 77,790 8,293,999
Infrastructure 69,779,393 2,440,235 72,219,628
Total capital assets, being
depreciated 98,190,891 8,100,209 775,393 105,515,707
Less accumulated depreciation
Buildings and improvements 2,208,601 231,370 9,906 2,430,065
Land improvements 4,822,896 81,614 4,904,510
Vehicles 6,116,895 832,060 643,856 6,305,099
Office, nonoffice, and computer
equipment 4,558,786 513,487 74,040 4,998,233
Infrastructure 14,581,106 1,415,184 15,996,290
Total accumulated depreciation 32,288,284 3,073,715 727,802 34,634,197
Total capital assets, being
depreciated, net 65,902,607 5,026,494 47,591 70,881,510
Governmental activities capital
assets, net 74,476,975$ 12,983,048$ 4,864,967$ 82,595,056$
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
36
Note 4 - Capital Assets (continued)
Capital asset activity for the City’s business-type activities for the year ended September 30, 2021 was as
follows:
Beginning Ending
Balances Increases Decreases Balances
Capital assets, not being
depreciated
Land 1,257,019$ 1,257,019$
Construction in progress 360,653 3,762,977$ 4,123,630
Total capital assets, not being
depreciated 1,617,672 3,762,977 5,380,649
Capital assets, being depreciated
Buildings and improvements 6,808,032 6,000$ 6,802,032
Land improvements 3,555,242 3,555,242
Vehicles 3,343,021 141,689 3,484,710
Office, nonoffice, and computer
equipment 1,493,686 76,503 41,787 1,528,402
Infrastructure 34,644,608 34,644,608
Total capital assets, being
depreciated 49,844,589 218,192 47,787 50,014,994
Less accumulated depreciation
Buildings and improvements 3,709,134 170,124 3,161 3,876,097
Land improvements 2,502,003 123,496 2,625,499
Vehicles 2,236,324 400,667 2,636,991
Office, nonoffice, and computer
equipment 886,757 93,667 41,787 938,637
Infrastructure 692,892 692,892
Total accumulated depreciation 9,334,218 1,480,846 44,948 10,770,116
Total capital assets, being
depreciated, net 40,510,371 (1,262,654) 2,839 39,244,878
Business-type activities capital
assets, net 42,128,043$ 2,500,323$ 2,839$ 44,625,527$
Depreciation expense was charged to functions/programs of the primary government as follows:
Governmental Activities
General government 1,505,514$
Public works 516,965
Public safety 854,682
Cultural and recreational 196,554
Total depreciation expense - governmental activities 3,073,715$
Business-Type Activities
Wastewater 1,190,612$
Sanitation 290,234
Total depreciation expense - business-type activities 1,480,846$
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
37
Note 4 - Capital Assets (continued)
Component units - Capital asset activity for the Autauga-Prattville Public Library for the year ended
September 30, 2021 was as follows:
Beginning Ending
Balances Increases Decreases Balances
Capital assets, being depreciated
Equipment 120,747$ 120,747$
Accumulated depreciation 100,643 959$ 101,602
Total capital assets, being
depreciated, net 20,104$ (959)$ -$ 19,145$
Capital asset activity for the Prattville Airport Authority for the year ended September 30, 2021 was as
follows:
Beginning Ending
Balances Increases Decreases Balances
Capital assets, not being depreciated
Land 3,389,186$ 14,850$ 3,374,336$
Construction in progress 888,469 888,469
Total capital assets, not being
depreciated 4,277,655 903,319 3,374,336
Capital assets, being depreciated
Land improvements 1,657,265 1,657,265
Runways 6,708,698 998,881$ 7,707,579
Buildings and improvements 1,431,008 1,431,008
Furniture and equipment 615,816 7,234 623,050
Total capital assets, being
depreciated 10,412,787 1,006,115 11,418,902
Less accumulated depreciation
Land improvements 1,101,349 82,863 1,184,212
Runways 4,197,232 256,613 4,453,845
Buildings and improvements 653,152 33,289 686,441
Furniture and equipment 237,391 38,008 275,399
Total accumulated depreciation 6,189,124 410,773 6,599,897
Total capital assets, being
depreciated, net 4,223,663 595,342 4,819,005
Total capital assets, net 8,501,318$ 595,342$ 903,319$ 8,193,341$
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
38
Capital asset activity for the Historic Prattville Redevelopment Authority for the year ended
September 30, 2021 was as follows:
Beginning Ending
Balances Increases Decreases Balances
Capital assets, not being depreciated
Land 1,139,750$ 63,500$ 1,076,250$
Capital assets, being depreciated
Buildings and improvements 2,629,411 2,629,411
Land improvements 165,499 165,499
Machinery and equipment 23,000 23,000
Total capital assets, being
depreciated 2,817,910 2,817,910
Less accumulated depreciation
Buildings and improvements 312,195 65,735$ 377,930
Land improvements 36,462 8,275 44,737
Machinery and equipment 23,000 23,000
Total accumulated depreciation 371,657 74,010 445,667
Total capital assets, being
depreciated, net 2,446,253 (74,010) 2,372,243
Total capital assets, net 3,586,003$ (74,010)$ 63,500$ 3,448,493$
Note 5 - Interfund Balances
Interfund transactions are generally used to meet cash demands necessary to pay operating expenditures.
Amounts due to/from other funds 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 position, except for the net residual amounts due between
governmental and business-type activities, which are presented as internal balances.
The composition of interfund receivables and payables as of September 30, 2021 consisted of the following:
Payable Fund Amount
Due to/from other funds
General Fund Judicial Special Revenue Fund 20,195$
General Fund Wastewater 32,351
General Fund Internal Service Fund 30,192
General Fund Capital Projects Fund 112,185
General Fund Sanitation 97,896
Capital Projects Fund Wastewater 1,362
Total 294,181$
Receivable Fund
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
39
The following is a schedule of interfund transfers for the year ended September 30, 2021:
Gas Tax Judicial
Capital Debt Special Special Internal
Projects Service Revenue Revenue Service
Fund Fund Fund Fund Wastewater Sanitation Fund Total
General Fund 685,290$ 15,180,251$ 42,723$ 253,141$ 111,163$ 703,787$ 3,034,344$ 20,010,699$
Capital Projects
Fund 534,971 534,971
Judicial Special
Revenue Fund 60,000 60,000
Wastewater 240,000 240,000
Sanitation 240,000 240,000
Totals 685,290$ 15,715,222$ 42,723$ 253,141$ 111,163$ 703,787$ 3,574,344$ 21,085,670$
Transfer Out 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
Long-term liability activity for the year ended September 30, 2021 was as follows:
Beginning Ending Due Within
Balance Additions Reductions Balance One Year
Governmental Activities
General obligation warrants 13,870,000$ 13,870,000$
Deferred amounts
Debt issuance discounts (30,408) (30,408)
Debt issuance premiums 436,734 436,734
Total general obligation
warrants 14,276,326 14,276,326
Warrants from direct
placements 8,256,466 4,965,000$ 743,224 12,478,242$ 891,360$
Capital leases 687,172 109,009 578,163 110,893
Limited obligation warrant 1,470,636 12,750 1,457,886
Total long-term debt 24,690,600 4,965,000 15,141,309 14,514,291 1,002,253
Compensated absences 1,460,309 732,022 753,205 1,439,126 384,706
Governmental activities
long-term liabilities 26,150,909 5,697,022 15,894,514 15,953,417 1,386,959
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
40
Note 6 - Long-Term Debt (continued)
Beginning Ending Due Within
Balance Additions Reductions Balance One Year
Business-Type Activities
General obligation warrants 15,455,000$ 50,000$ 15,405,000$ 50,000$
Deferred amounts
Debt issuance premiums 149,653 6,587 143,066
Total general obligation
warrants 15,604,653 56,587 15,548,066 50,000
Warrants from direct
placements 18,981,300 922,294 18,059,006 857,250
Total long-term debt 34,585,953 978,881 33,607,072 907,250
Compensated absences 233,816 119,313$ 78,015 275,114 165,081
Business-type activities
long-term liabilities 34,819,769 119,313 1,056,896 33,882,186 1,072,331
Total long-term liabilities 60,970,678$ 5,816,335$ 16,951,410$ 49,835,603$ 2,459,290$
General obligation warrants - General obligation warrants at September 30, 2021 consisted of the following:
Business-Type Activities
15,405,000$
General Obligation Sewer Warrants, Series 2017-A; principal amount $15,505,000;
graduated principal payments are due annually beginning November 1, 2019 and
semiannual interest payments due each November 1 and May 1,beginning May 1,
2018;interest rate ranges from 2.0%to 4.0%; rate on current bonds 2.0%; final
payment is due November 1, 2047.Proceeds used for wastewater plant expansion
project.
General obligation warrants constitute general obligations of the City for the payments of which the full faith
and credit of the City are irrevocably pledged. Debt service requirements to maturity for general obligation
warrants outstanding at September 30, 2021 were as follows:
Principal Interest Total
2022 50,000$ 563,910$ 613,910$
2023 50,000 562,910 612,910
2024 55,000 561,860 616,860
2025 55,000 560,678 615,678
2026 55,000 559,412 614,412
2027 - 2031 295,000 2,775,455 3,070,455
2032 - 2036 345,000 2,727,247 3,072,247
2037 - 2041 3,905,000 2,457,198 6,362,198
2042 - 2046 7,295,000 1,248,625 8,543,625
2047 - 2048 3,300,000 116,550 3,416,550
Totals 15,405,000$ 12,133,845$ 27,538,845$
Business-Type Activities
Year Ending September 30
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
41
Note 6 - Long-Term Debt (continued)
Debt defeasance - During 2021, the City placed $4,868,625 in an irrevocable trust to retire $4,450,000 of
debt in its entirety. The City accumulated resources for this in-substance defeasement from Council
enacted sales taxes dedicated for debt retirement. No future cash flows are estimated to be required to
service the defeased debt. The defeased debt is secured by essentially risk-free assets that do not allow
substitution.
In prior years, the City has defeased various bond issues by creating separate irrevocable trust funds. New
debt has been issued and the proceeds have been used to purchase United States government securities
that were placed in the trust funds. The investments and fixed earnings from the investments are sufficient
to fully service the defeased debt until the debt is called or matures. For financial reporting purposes, the
debt has been considered defeased and, therefore, removed as a liability from the City’s government-wide
financial statements. As of September 2021, there was no defeased debt outstanding related to prior years’
defeasances. As of September 2021, $4,450,000 was outstanding related to the debt defeased in fiscal
year 2021.
Warrants from direct borrowings and direct placements - Warrants from direct borrowings and direct
placements at September 30, 2021 consisted of the following:
Governmental Activities
330,000$
210,000
275,000
General Obligation Warrant, Series 2016-CWSRF-DL Special Authority Loan with
Alabama Water Pollution Control Authority and Alabama Department of
Environmental Management; principal amount $415,000; 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. Proceeds used for the North Silver Hills
Drainage Canal Restoration.
General Obligation Warrant, Series 2017-CWSRF-DL Special Authority Loan with
Alabama Water Pollution Control Authority and Alabama Department of
Environmental Management; principal amount $240,000; graduated principal
payments due annually beginning February 15, 2019 and semiannual interest
payments due each February 15 and August 15, beginning August 15, 2018; interest
rate 1.45% from April 1, 2017 to March 30, 2018 and 2.20% thereafter; final payment
is February 15, 2038. Proceeds used for the Woodvale Drainage Project.
General Obligation Warrant, Series 2018D-CWSRF-DL Special Authority Loan with
Alabama Water Pollution Control Authority and Alabama Department of
Environmental Management; principal amount $315,000; graduated principal
payments due annually beginning August 15, 2019 and semiannual interest
payments due each February 15 and August 15, beginning August 15, 2019; interest
rate 1.45% from November 1, 2018 to July 1, 2019 and 2.20% thereafter; final
payment is August 15, 2038. Proceeds used for the 10th Street Drainage Project.
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
42
Note 6 - Long-Term Debt (continued)
2,561,261$
2,921,332
1,415,994
4,449,655
315,000
Total governmental activities 12,478,242
Business-Type Activities
15,345,000
General Obligation Warrant, Series 2018-CWSRF-DL Special Authority Loan with
Alabama Water Pollution Control Authority and Alabama Department of
Environmental Management; principal amount $16,800,000; graduated principal
payments due annually beginning February 15, 2020 and semiannual interest
payments due each February 15 and August 15,beginning August 15, 2018;interest
rate 2.20%; final payment is February 15, 2038.Proceeds used for Pine Creek and
Autauga Creek Wastewater Treatment Plant Improvements.
General Obligation Warrant, Series 2019 with BB&T; principal amount $3,200,000;
principal and interest payments of $92,941 due quarterly beginning on July 30, 2019;
interest rate is fixed at 3.01%; final payment is due April 30, 2029. Proceeds used
for refunding of the General Obligation Warrant, Series 2018B and for the South
Industrial Road and Bridge Project.
General Obligation Warrant, Series 2020 with Trustmark National Bank; principal
amount $3,130,000; principal and interest payments due quarterly beginning on
December 1, 2020; interest rate is fixed at 1.76%; final payment is due September 1,
2035. Proceeds used for construction of the Fire Station No. 4 and Police Annex
Building.
General Obligation Warrant, Series 2020-CWSRF-DL with Alabama Water Pollution
Control Authority and Alabama Department of Environmental Management; principal
amount $4,130,000, of which approximately 35% is designated to governmental
activities; graduated principal payments due annually beginning February 15, 2022
and semiannual interest payments due each February 15 and August 15, beginning
February 15, 2022; interest rate is fixed at 2.20%; final payment is February 15,
2041. Proceeds used for the Washington Street, Easy Street, and Bunche Avenue
Sanitary and Storm Sewer Improvements.
General Obligation Warrant, Series 2020-D with BBVA Mortgage Corporation;
principal amount $4,650,000; principal and interest payments of $90,157 due
quarterly beginning on March 1, 2021; interest rate is fixed at 2.04%; final payment is
due December 1, 2035. Proceeds used for construction of Mac Gray Park 2.0.
General Obligation Warrant, Series 2021-CWSRF-DL with Alabama Water Pollution
Control Authority and Alabama Department of Environmental Management; principal
amount $315,000; graduated principal payments due annually beginning February
15, 2022 and semiannual interest payments due each February 15 and August 15,
beginning February 15, 2022; interest rate is fixed at 2.20%; final payment is
February 15, 2041. Proceeds used for the Maple Street Clean Drainage
Rehabilitation Project.
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
43
Note 6 - Long-Term Debt (continued)
2,714,006$
Total business-type activities 18,059,006
Total warrants from direct placements 30,537,248$
General Obligation Warrant,Series 2020-CWSRF-DL with Alabama Water Pollution
Control Authority and Alabama Department of Environmental Management;principal
amount $4,130,000,of which approximately 65%is designated to governmental
activities;graduated principal payments due annually beginning February 15,2022
and semiannual interest payments due each February 15 and August 15,beginning
February 15,2022;interest rate is fixed at 2.20%;final payment is February 15,
2041.Proceeds used for the Washington Street,Easy Street,and Bunche Avenue
Sanitary and Storm Sewer Improvements.
Warrants from direct placements constitute general obligations of the City for the payments of which the
full faith and credit of the City are irrevocably pledged. Debt service requirements to maturity for warrants
from direct placements outstanding at September 30, 2021 were as follows:
Principal Interest Total
2022 891,360$ 263,794$ 1,155,154$
2023 912,772 247,187 1,159,959
2024 929,575 225,814 1,155,389
2025 946,780 204,000 1,150,780
2026 962,648 181,753 1,144,401
2027 - 2031 4,240,673 584,260 4,824,933
2032 - 2036 3,037,191 206,055 3,243,246
2037 - 2041 557,243 31,083 588,326
Totals 12,478,242$ 1,943,946$ 14,422,188$
Principal Interest Total
2022 857,250$ 379,837$ 1,237,087$
2023 880,500 368,104 1,248,604
2024 898,750 348,532 1,247,282
2025 922,000 328,504 1,250,504
2026 937,000 308,055 1,245,055
2027 - 2031 5,028,750 1,217,164 6,245,914
2032 - 2036 5,612,000 632,219 6,244,219
2037 - 2041 2,922,756 90,577 3,013,333
Totals 18,059,006$ 3,672,992$ 21,731,998$
Business-Type Activities
Governmental Activities
Year Ending September 30
Year Ending September 30
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
44
Note 6 - Long-Term Debt (continued)
Principal Interest Total
2022 1,748,610$ 643,631$ 2,392,241$
2023 1,793,272 615,291 2,408,563
2024 1,828,325 574,346 2,402,671
2025 1,868,780 532,504 2,401,284
2026 1,899,648 489,808 2,389,456
2027 - 2031 9,269,423 1,801,424 11,070,847
2032 - 2036 8,649,191 838,274 9,487,465
2037 - 2041 3,479,999 121,660 3,601,659
Totals 30,537,248$ 5,616,938$ 36,154,186$
Total Annual Requirements
Year Ending September 30
The City’s general obligation warrants with the Alabama Water Pollution Control Authority and the Alabama
Department of Environmental Management contain provisions that in any event of default resulting from
the failure to comply with the applicable requirements of the Davis-Bacon Act or the American Iron and
Steel Requirement in connection with the development or construction of projects, due dates are
accelerated and the agreements are terminated.
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 Activities
Vehicles 726,905$
Office, nonoffice, and computer equipment 195,464
Less accumulated depreciation 403,003
Total 519,366$
The future minimum lease obligations and the net present value of these minimum lease payments as of
September 30, 2021 were as follows:
Amount
2022 123,311$
2023 123,311
2024 123,311
2025 84,218
2026 84,218
2027 84,218
Total minimum lease payments 622,587
Less amount representing interest 44,424
Present value of minimum lease payments 578,163$
Governmental Activities
Year Ending September 30
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
45
Note 6 - Long-Term Debt (continued)
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, 2021, the City had
redeemed $136,603 of the outstanding warrants. The balance on the warrant at September 30, 2021 is
$1,457,886. The Limited Obligation Warrant does not constitute a direct obligation and pledge of the full
faith and credit of the City.
Other liabilities - governmental activities - Compensated absences, pension benefits, and postemployment
benefits other than pensions are generally liquidated by the General Fund.
Component units - Long-term liability activity for the Prattville Airport Authority for the year ended
September 30, 2021 was as follows:
Beginning Ending Due Within
Balance Additions Reductions Balance One Year
Bond from direct placement 362,265$ -$ 35,021$ 327,244$ 36,723$
The Prattville Airport Authority issued Revenue Bond, Series 2014 in the amount of $551,266 for the
purpose of refunding the Series 2008 Revenue and Grant Anticipation Bond. Principal and interest
payments are due monthly beginning May 22, 2014. The bond bears a 4.69% interest rate and matures
on April 1, 2029. The bond is secured by a pledge of unrestricted grant funds and revenues derived from
the operation of the Airport. In the event of default, the outstanding balance becomes immediately due and
payable. The balance on the bond at September 30, 2021 was $327,244.
Debt service requirements on the bond from direct placement at September 30, 2021 were as follows:
Principal Interest Total
2022 36,723$ 14,764$ 51,487$
2023 38,507 12,980 51,487
2024 40,347 11,140 51,487
2025 42,340 9,147 51,487
2026 44,398 7,089 51,487
2027 - 2029 124,929 8,067 132,996
Totals 327,244$ 63,187$ 390,431$
Prattville Airport Authority
Year Ending September 30
Long-term debt activity for the Historic Prattville Redevelopment Authority for the year
ended September 30, 2021 was as follows:
Beginning Ending Due Within
Balance Additions Reductions Balance One Year
Redevelopment bonds 4,325,000$ 120,000$ 4,205,000$ 120,000$
Deferred amounts
Debt issuance discount (47,781) (2,934) (44,847)
Total long-term debt 4,277,219$ -$ 117,066$ 4,160,153$ 120,000$
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
46
Redevelopment bonds - Redevelopment bonds at September 30, 2021 consisted of the following:
4,205,000$
Redevelopment Bonds,Series 2016;principal amount of $4,780,000;graduated
principal payments due annually beginning March 1,2017 and semiannual interest
payments due each March 1 and September 1,beginning September 1,2016;interest
rate ranges from 1.700%to 3.625%;final payment is due March 1,2046.Proceeds
were used to redeem an outstanding loan of $1,755,250 and to renovate the Public
Safety Building, which is leased to the City.
Redevelopment bonds of the Historic Prattville Redevelopment Authority are payable solely from lease
payments received from the City. The obligation of the City to pay its lease payments is a general obligation
of the City. Debt service requirements to maturity for redevelopment bonds outstanding at
September 30, 2021 were as follows:
Principal Interest Total
2022 120,000$ 124,396$ 244,396$
2023 125,000 122,314 247,314
2024 125,000 120,001 245,001
2025 130,000 117,451 247,451
2026 130,000 114,754 244,754
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 4,205,000$ 1,943,230$ 6,148,230$
Historic Prattville Redevelopment Authority
Year Ending September 30
Covenants and limitations - 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, 2021, the debt limit was $89,832,556
and the net debt applicable to the limit was $11,033,459.
Note 7 - Short-Term Debt
On August 3, 2021, the City issued General Obligation Revenue Warrants, Series 2021B and 2021C.
Series 2021B was issued in the amount $1,000,000 to be used as a line of credit for short-term financing
needs. Series 2021C was issued in the amount of $3,000,000 to be used as a line of credit for economic
development projects. Both lines of credit bear an interest rate of 1.09%, with interest due monthly. The
maturity dates are June 30, 2022 and July 31, 2022, respectively. At September 30, 2021, the balances of
the warrants were $0, resulting in unused lines of credit of $4,000,000. There was no short-term debt
activity for the year ended September 30, 2021.
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
47
Note 8 - Pension Plan
Plan description - The Employees' Retirement System of Alabama (the Plan or ERS), an agent multiple-
employer public employee retirement plan, was established as of October 1, 1945, pursuant to the Code of
Alabama 1975, Title 36, Chapter 27 (Act 515 of the Legislature of 1945). The purpose of the ERS is to
provide 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 which consists of 13 trustees.
The Plan is administered by the Retirement Systems of Alabama (RSA). The Code of Alabama 1975, Title
36, Chapter 27 grants the authority 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 the Code of
Alabama 1975, Section 36-27-6.
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 10 years
of creditable service. State employees who retire after age 60 (52 for State Police) with 10 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 10 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 3 of the last 10
years) for each year of service. State Police are allowed 2.875% for each year of State Police service in
computing the formula method.
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
48
Note 8 - Pension Plan (continued)
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 10
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 1.65% of their average final
compensation (highest 5 of the last 10 years) for each year of service. State Police are allowed 2.375%
for each year of State Police service in computing the formula method.
Members are eligible for disability retirement if they have 10 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 equal to the annual earnable compensation of the
member as reported to the Plan for the preceding year ending September 30 are paid to the beneficiary.
Act 132 of the Legislature of 2019 allowed employers who participated in the ERS pursuant to Code of
Alabama 1975, Section 36-27-6 to provide Tier 1 retirement benefits to their Tier 2 members. Tier 2
members of employers adopting Act 2019-132 will contribute 7.5% of earnable compensation for regular
employees and 8.5% for firefighters and law enforcement officers. A total of 590 employers adopted Act
2019-132. The City elected to provide Tier 1 retirement benefits to their Tier 2 members.
The ERS serves approximately 853 local participating employers. The ERS membership includes
approximately 101,245 participants and the City’s membership includes 517 participants. As of
September 30, 2020, membership consisted of:
ERS City
Retirees and beneficiaries currently receiving benefits 28,672 145
Terminated employees entitled to but not yet receiving benefits 1,974 6
Terminated employees not entitled to a benefit 14,133 38
Active members 56,369 328
Post DROP participants who are still in active service 97
Totals 101,245 517
Contributions - Covered members of the ERS contributed 5% 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 7.5% of earnable
compensation. Certified law enforcement, correctional officers, and firefighters of the ERS contributed 6%
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 8.5% of
earnable compensation. State Police of the ERS contribute 10% of earnable compensation.
Tier 2 covered members of the ERS contribute 6% 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% of earnable compensation. Tier 2 State Police members of the ERS contribute
10% of earnable compensation. These contributions rates are the same for Tier 2 covered members of
ERS local participating employers.
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
49
Note 8 - Pension Plan (continued)
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
preretirement death benefit, and administrative expenses of the Plan. For the year ended
September 30, 2021, the City’s active employee contribution rate was 6.59% of covered payroll, and the
City’s average contribution rate to fund the normal and accrued liability costs was 10.53% of pensionable
payroll.
The City’s contractually required contribution rate for the year ended September 30, 2021 was 11.36% of
pensionable pay for Tier 1 employees, and 9.40% of pensionable pay for Tier 2 employees. These required
contribution rates are based upon the actuarial valuation as of September 30, 2018, 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 $1,828,406 for the year ended September 30, 2021.
Net pension liability - The City’s net pension liability was measured as of September 30, 2020, and the total
pension liability used to calculate the net pension liability was determined by an actuarial valuation as
September 30, 2019, rolled forward to September 30, 2020, using standard roll-forward techniques as
shown in the following table:
Actual Before Actual After
Expected Act 2019-132 Act 2019-132
Total pension liability as of September 30, 2019 (a)67,006,450$ 67,268,755$ 68,182,166$
Discount rate (b)7.70%7.70%7.70%
Entry age normal cost for the period October 1, 2019 -
September 30, 2020 (c)1,290,908 1,290,908 1,458,970
Transfers among employers (d)(167,361) (167,361)
Actual benefit payments and refunds for the period
October 1, 2019 - September 30, 2020 (e)(3,809,446) (3,809,446) (3,809,446)
Total pension liability as of September 30, 2020
[(a) x (1 + (b))] + (c) + (d) + [(e) x (1 + 0.5*(b))]69,500,745$ 69,615,887$ 70,767,692$
Difference between expected and actual (f)115,142$
Less liability transferred for immediate recognition (g)(167,361)
Experience (gain)/loss = (f) - (g)282,503$
Difference between actual before and after
Act 2019-132 - benefit change (gain)/loss 1,151,805$
Actuarial assumptions - The total pension liability as of September 30, 2020 was determined based on the
annual actuarial funding valuation report prepared as of September 30, 2019. The key actuarial
assumptions are summarized below:
Inflation 2.75%
Salary increases 3.25% - 5.00%
Investment rate of return *7.70%
* Net of pension plan investment expense, including inflation
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
50
Note 8 - Pension Plan (continued)
Mortality rates were based on the sex distinct RP-2000 Blue Collar Mortality Table Projected with Scale BB
to 2020 with an adjustment of 125% at all ages for males and 120% for females ages 78 and older. The
rates of mortality for the period after disability retirement are according to the sex distinct RP-2000 Disabled
Retiree Mortality Table Projected with Scale BB to 2020 with an adjustment of 130% at all ages for females.
The actuarial assumptions used in the actuarial valuation as of September 30, 2018 were based on the
results of an investigation of the economic and demographic experience for the ERS based upon participant
data as of September 30, 2015. The Board of Control accepted and approved these changes in
September 2016, which became effective at the beginning of fiscal year 2016.
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 Allocation Rate of Return *
Fixed income 17.0%4.4%
U.S. large stocks 32.0%8.0%
U.S. mid stocks 9.0%10.0%
U.S. small stocks 4.0%11.0%
International developed market stocks 12.0%9.5%
International emerging market stocks 3.0%11.0%
Alternatives 10.0%10.1%
Real estate 10.0%7.5%
Cash equivalents 3.0%1.5%
Total 100.0%
*Includes assumed rate of inflation of 2.50%
Asset Class
Discount rate - The discount rate used to measure the total pension liability was the long-term rate of
return, 7.70%. 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, 2021
51
Note 8 - Pension Plan (continued)
Change in net pension liability
Total Pension Plan Fiduciary Net Pension
Liability (a)Net Position (b)Liability (a)-(b)
Balances at September 30, 2019 67,006,450$ 49,782,272$ 17,224,178$
Changes for the year
Service cost 1,290,908 1,290,908
Interest 5,012,833 5,012,833
Changes of benefit terms 1,151,805 1,151,805
Difference between expected and
actual experience 282,503 282,503
Contributions - employer 1,567,593 (1,567,593)
Contributions - employee 1,118,799 (1,118,799)
Net investment income 2,807,829 (2,807,829)
Benefit payments, including refunds
of employee contributions (3,809,446) (3,809,446)
Transfers among employers (167,361) (167,361)
Net changes 3,761,242 1,517,414 2,243,828
Balances at September 30, 2020 70,767,692$ 51,299,686$ 19,468,006$
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 7.70%, 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 (6.70%) or 1-percentage point higher (8.70%) than the current rate:
1.00% Decrease Current Discount 1.00% Increase
(6.70%)Rate (7.70%)(8.70%)
City's net pension liability 27,966,982$ 19,468,006$ 12,315,638$
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, 2020. The supporting actuarial information is included in the GASB Statement No. 68
Report for the ERS prepared as of September 30, 2020. The auditor's report on the schedule of changes
in fiduciary net position by employer and accompanying notes detail by employer and in aggregate
additional information needed to comply with GASB 68. The additional financial and actuarial information
is available at www.rsa-al.gov.
Pension expense and deferred outflows of resources related to pensions - For the year ended
September 30, 2021, the City recognized pension expense of $3,056,368. At September 30, 2021, the
City reported deferred outflows of resources related to pensions of the following sources:
Deferred Outflows
of Resources
Differences between expected and actual experience 35,019$
Changes of assumptions 1,134,403
Net difference between projected and actual earnings on plan investments 1,598,450
Employer contributions subsequent to the measurement date 1,828,406
Totals 4,596,278$
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
52
The $1,828,406 of deferred outflows of resources resulting from the City’s contributions subsequent to the
measurement date will be recognized as a reduction of the net pension liability in the year ending
September 30, 2022. Other amounts reported as deferred outflows of resources to pensions will be
recognized in pension expense as follows:
Year Ending September 30 Amount
2022 607,139$
2023 1,079,119
2024 877,260
2025 121,988
2026 58,399
Thereafter 23,967
Note 9 - Postemployment Benefits Other Than Pensions (OPEB)
Plan description - The City provides certain continuing health care and life insurance benefits for its retired
employees. The City’s plan is a single-employer defined benefit OPEB plan administered by the City. The
authority to establish and/or amend the obligation of the employer, employees, and retirees rests with the
City. No assets are accumulated in a trust that meets the criteria in Governmental Accounting Standards
Board (GASB) Codification Section P52, Postemployment Benefits Other Than Pensions-Reporting For
Benefits Not Provided Through Trusts That Meet Specified Criteria-Defined Benefit.
Benefits provided - 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.
Employees covered by benefit terms - At September 30, 2021, the following employees were covered by
the benefit terms:
City
Active employees 341
Inactive employees currently receiving benefit payments 27
Total 368
The City’s total OPEB liability of $4,014,633 was measured as of September 30, 2021, and was determined
by an actuarial valuation as of that date.
Actuarial assumptions and other inputs - The total OPEB liability in the September 30, 2021 actuarial
valuation was determined using the following actuarial assumptions and other inputs, applied to all periods
included in the measurement, unless otherwise specified:
Inflation 2.5%
Salary increases, including inflation 4.0%
Healthcare cost trend rates 5.5% annually until year 2030, then 4.5%
The discount rate was based on the Bond Buyers' 20 Year General Obligation municipal bond index as of
September 30, 2021, the end of the applicable measurement period.
Mortality rates were based on the RP-Combined Mortality Table for Males or Females, as appropriate.
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
53
Note 9 - Postemployment Benefits Other Than Pensions (OPEB) (continued)
The actuarial assumptions used in the September 30, 2021 valuation were based on the results of ongoing
evaluations of the assumptions from October 1, 2009 to September 30, 2021.
Total OPEB Liability
Balance at September 30, 2020 3,550,234$
Changes for the year
Service cost 110,550
Interest 76,196
Differences between expected and actual experience 217,312
Changes of assumptions 265,248
Benefit payments (204,907)
Net changes 464,399
Balance at September 30, 2021 4,014,633$
Changes of assumptions and other inputs reflect a change in the discount rate from 2.21% in 2020 to 2.15%
in 2021.
Sensitivity of the total OPEB liability to changes in the discount rate - The following presents the total OPEB
liability of the City, as well as what the City’s total OPEB liability would be if it were calculated using a
discount rate that is 1-percentage-point lower (1.15%) or 1-percentage-point higher (3.15%) than the
current discount rate:
1.00% Decrease Current Discount 1.00% Increase
(1.21%)Rate (2.21%)(3.21%)
City's total OPEB liability 4,851,898$ 4,014,633$ 3,368,372$
Sensitivity of the total OPEB liability to changes in the healthcare cost trend rates - The following presents
the total OPEB liability of the City, as well as what the City’s total OPEB liability would be if it were calculated
using healthcare cost trend rates that are 1-percentage-point lower (4.5%) or 1-percentage-point higher
(6.5%) than the current healthcare trend rates:
1.00% Decrease Current Trend 1.00% Increase
(4.5%)Rate (5.5%)(6.5%)
City's total OPEB liability 3,449,665$ 4,014,633$ 4,753,227$
For the year ended September 30, 2021, the City recognized OPEB expense of $413,319. At
September 30, 2021, the City reported deferred outflows of resources related to OPEB from the following
sources:
Deferred Outflows
of Resources
Differences between expected and actual experience 477,537$
Changes of assumptions 713,766
Total 1,191,303$
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
54
Amounts reported as deferred outflows of resources related to OPEB will be recognized in OPEB expense
as follows:
Year Ending September 30 Amount
2022 226,573$
2023 226,573
2024 226,573
2025 226,573
2026 107,039
Thereafter 177,972
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 loss 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, 2021, 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 $125,000. Changes in the
balances of claims liabilities during the past two years are as follows:
2021 2020
Unpaid claims, beginning of fiscal year 237,200$ 162,100$
Incurred claims (including IBNRs)4,141,995 4,217,980
Claim payments (4,173,695) (4,142,880)
Unpaid claims, end of fiscal year 205,500$ 237,200$
Employee Medical Insurance Fund
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
55
Note 12 - Related Party Transactions
The City Council appoints members of the Water Works Board of the City of Prattville, Alabama (PWWB).
The City utilizes the PWWB as the collection agent for the sewer and sanitation services. The City
recognizes revenue for services when billed by the PWWB. The receivable from the PWWB for sewer and
sanitation collection fees at September 30, 2021 was $596,962.
The City imposes a 3% license fee on gross water receipts. The 3% fees are collected by the PWWB from
charges to water customers on their monthly water bill and remitted to the City annually on January 1. The
receivable from the PWWB for license fees at September 30, 2021 was $142,233.
Total collection fees retained by the PWWB for the services described above were $425,995 for the year
ended September 30, 2021.
The City paid rent for fire hydrants to the PWWB. The amount paid to the Board was $48,891 for the year
ended September 30, 2021.
On 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 departments. The lease agreement is for 30 years with annual
payments of $249,000. The City intends to fund the payment through lodging taxes. The lease revenue is
used as security on the $4,780,000 Series 2016 bonds issued by the HPRA. For the fiscal year ended
September 30, 2021, the City remitted $252,520 to the HPRA, which included lease payments and
additional appropriations.
The City appropriated $320,000 to the Library and $110,000 to the Airport Authority, component units,
during the fiscal year ended September 30, 2021. These appropriations made were, or will be used, as
operating and capital subsidies.
Note 13 - Funding Agreements
On September 1, 2006, the City 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 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 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.
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
56
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.
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 quarterly payments of $40,000 for facility rental, 20% of the total salary
and benefit costs of all jail employees, 33% of the total operational costs of the jail, and 40% of all budgeted
inmate medical costs. The City paid a total of $793,887 during the fiscal year ended September 30, 2021.
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, 2021 was $0.
As of September 30, 2021, commitments to contractors on capital projects were as follows:
Commitments 15,307,975$
Spent-to-date (11,069,379)
Remaining commitments 4,238,596$
Note 15 - Economic Development Incentive Obligations - Tax Abatements
The City, in conjunction with the Industrial Development Board of the City of Prattville and the Commercial
Development Authority of the City of Prattville, enters into economic development incentive agreements
with entities that propose to locate businesses within the City, or expand businesses within the City, which
are expected to provide stimulus to the City’s economy. These agreements provide for full or partial
abatement of sales, use and/or property taxes, as well as other financial commitments. Property taxes are
abated through reductions of assessed values. Sales and use taxes are abated either through exemptions
granted on purchases for specified construction or equipment-purchase purposes or through tax rebate
arrangements. The agreements have limited terms of duration and/or maximum abatement thresholds.
As a result of these agreements the City expects to receive economic benefits including but not limited to
increased revenue, job creation and job retention. These incentive agreements require approval by the
Mayor and City Council and are pursuant to Chapter 54A of Title 11 of the Code of Alabama 1975, as
amended and Chapter 9B of Title 40 of the Code of Alabama 1975, as amended. Some agreements provide
for the repayment to the City of abated amounts if the entity ceases to operate its business for a certain
length of time, fails to produce and maintain a certain level of employment or fails to complete construction
within a certain length of time.
The City does not collect property taxes. The Revenue Commissioner of Autauga County and the Revenue
Commissioner of Elmore County are responsible for such collections for the areas of the City falling within
their respective county.
Sales and use taxes abated - fiscal year 2021 1,485,608$
Property taxes abated - fiscal year 2021 276,068$
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
57
Commitments other than tax abatements are included at times in the City’s economic development
agreements. The value of such commitments paid during fiscal year 2021 totaled $1,012,941. In the case
of sales and use tax abatements on construction materials, the taxes abated are not received by the City,
nor is there currently a reporting mechanism for the City to receive such information. The State Department
of Revenue provides a Purchasing Agent appointment letter to subject entities so that they can purchase
material tax-exempt. The City will take action to require this reporting in all future abatement agreements.
Note 16 - Mortgage Receivable
HPRA held a mortgage receivable of $800,000. Interest on the mortgage receivable accrues at a fixed rate
of 1.52% per annum on $300,000 of the mortgage receivable balance. The remaining $500,000 of the
mortgage receivable is noninterest bearing. Principal and accrued interest on the mortgage became due
December 31, 2019. In fiscal year 2021, the mortgage receivable was reduced from $800,000 to $200,000
as passed by HPRA via a resolution.
Note 17 - 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. 87, Leases, requires recognition of certain lease assets and liabilities for leases that
previously were classified as operating leases and recognized as inflows of resources or outflows of
resources based on the payment provisions of the contract. It establishes a single model for lease
accounting based on the foundational principle that leases are financings of the right to use an underlying
asset. Under this Statement, a lessee is required to recognize a lease liability and an intangible right-to-
use lease asset, and a lessor is required to recognize a lease receivable and a deferred inflow of resources,
thereby enhancing the relevance and consistency of information about governments’ leasing activities. The
requirements of this Statement are effective for fiscal years beginning after June 15, 2021, which would be
the City’s fiscal year ending September 30, 2022.
GASB Statement No. 96, Subscription-Based Information Technology Arrangements, provides guidance
on the accounting and financial reporting for subscription-based information technology arrangements
(SBITAs). Under this Statement, a government generally should recognize a right-to-use subscription
asset, an intangible asset, and a corresponding subscription liability. The subscription liability should be
initially measured at the present value of subscripiton payments expected to be made during the
subscription term. Future subscription payments should be discounted using the interest rate the SBITA
vendor charges the government or the government’s incremental borrowing rate if the interest rate is not
readily determinable. A government should recognize amortization of the discount on the subscription
liability as an outflow of resources (for example, interest expense) in subsequent financial reporting periods.
The requirments of this Statement are effective for fiscal years beginning after June 15, 2022, which would
be the City’s fiscal year ending September 30, 2023.
Note 18 - Subsequent Events
The City has evaluated subsequent events through February 18, 2022, which is the date these financial
statements were available to be issued. All subsequent events requiring recognition as of
September 30, 2021, have been incorporated into these financial statements.
City of Prattville, Alabama
Notes to Financial Statements
September 30, 2021
58
Note 19 - Coronavirus Impact
On January 30, 2020, the World Health Organization declared the coronavirus outbreak a “Public Health
Emergency of International Concern” and on March 10, 2020, declared it to be a pandemic. On
March 20, 2020, the City passed a resolution to declare the existence of local emergency conditions for the
City due to the coronavirus. Actions taken to help mitigate the spread of the coronavirus include restrictions
on travel, and quarantines in certain areas, and forced closures for certain types of public places and
businesses. The coronavirus and actions taken to mitigate it have had and are expected to continue to
have an adverse impact on the economies and financial markets in the City’s geographical area.
Management is actively monitoring the global situation and its effect on the financial condition, liquidity,
operations, suppliers, industry, and workforce. The City is dependent on its employees to operate the City
government. Social distancing and shelter-in-place directives have impacted the City’s closures and
caused a decrease in charges for service revenue. The coronavirus outbreak has not had a significant
negative impact on the City.
The American Rescue Plan Act of 2021, enacted on March 11, 2021, provides funding to cover costs
directly related to the coronavirus outbreak. The City was awarded $8,539,146 and received $4,269,573
in fiscal year 2021 under this Act for certain reimbursable expenses. The City incurred $1,369,308 in
reimbursable costs in fiscal year 2021. $2,900,265 of the awarded amount is included in unearned revenue
as of September 30, 2021.
Required Supplementary Information
City of Prattville, Alabama
Required Supplementary Information
Schedule of Changes in Net Pension Liability and Related Ratios
Last 10 Fiscal Years Ended September 30
59
2020 2019 2018 2017 2016 2015 2014
Total Pension Liability
Service cost 1,290,908$ 1,310,711$ 1,284,302$ 1,313,612$ 1,252,658$ 1,212,096$ 1,171,241$
Interest 5,012,833 4,795,699 4,707,021 4,429,332 4,058,682 3,888,707 3,680,319
Change in benefit terms 1,151,805
Differences between expected and actual
experience 282,503 227,237 (1,581,197) 870,621 832,419 (581,675)
Changes of assumptions 352,614 2,954,211
Benefit payments, including refunds of
employee contributions (3,809,446) (3,416,753) (2,996,078)(2,816,326) (2,473,697) (2,315,181) (2,178,239)
Transfers among employers (167,361) 99,369 (10,272)(124,282) (33,807)
Net change in total pension liability 3,761,242 3,016,263 1,756,390 3,672,957 6,590,466 2,203,947 2,673,321
Total pension liability - beginning 67,006,450 63,990,187 62,233,797 58,560,840 51,970,374 49,766,427 47,093,106
Total pension liability - ending (a)70,767,692$ 67,006,450$ 63,990,187$ 62,233,797$ 58,560,840$ 51,970,374$ 49,766,427$
Plan Fiduciary Net Position
Contributions - employer 1,567,593$ 1,472,118$ 1,343,080$ 1,243,058$ 1,381,338$ 1,209,263$ 1,157,444$
Contributions - member 1,118,799 901,330 880,032 859,821 902,821 806,208 755,114
Net investment income 2,807,829 1,258,126 4,223,503 5,272,028 3,854,740 447,754 4,089,766
Benefit payments, including refunds of
employee contributions (3,809,446) (3,416,753) (2,996,078)(2,816,326) (2,473,697) (2,315,181) (2,178,239)
Transfers among employers (167,361) 99,369 (10,271) (124,282) (33,807) (153,992) (148,504)
Net change in plan fiduciary net position 1,517,414 314,190 3,440,266 4,434,299 3,631,395 (5,948) 3,675,581
Plan net position - beginning 49,782,272 49,468,082 46,027,816 41,593,517 37,962,122 37,968,070 34,292,489
Plan net position - ending (b)51,299,686$ 49,782,272$ 49,468,082$ 46,027,816$ 41,593,517$ 37,962,122$ 37,968,070$
Net pension liability - ending (a) - (b)19,468,006$ 17,224,178$ 14,522,105$ 16,205,981$ 16,967,323$ 14,008,252$ 11,798,357$
Plan fiduciary net position as a percentage of
the total pension liability 72.49%74.29%77.31%73.96%71.03%73.05%76.29%
Covered payroll 16,637,399$ 15,254,334$ 14,978,179$ 14,565,066$ 15,059,971$ 14,118,970$ 13,328,666$
Net pension liability as a percentage of
covered payroll 117.01%112.91%96.96%111.27%112.67%99.22%88.52%
This schedule is prepared to illustrate the requirement to show information for 10 years.However,until a full 10 year trend is available,the City will present information
for those years for which information is available.
City of Prattville, Alabama
Required Supplementary Information
Schedule of Employer Contributions
Last 10 Fiscal Years
60
2021 2020 2019 2018 2017 2016 2015
Actuarially determined contribution 1,828,406$ 1,628,972$ 1,528,265$ 1,331,931$ 1,296,995$ 1,436,237$ 1,258,700$
Contributions in relation to the
actuarially determined contribution 1,828,406 1,628,972 1,528,265 1,331,931 1,296,995 1,436,237 1,258,700
$ - $ - $ - -$ -$ -$ -$
17,371,706$ 16,637,399$ 15,254,334$ $ 14,978,179 14,565,066$ 15,059,971$ 14,118,970$
Contributions as a percentage of
covered payroll 10.53%9.79%10.02%8.89%8.90%9.54%8.91%
Notes to Schedule
Methods and assumptions used to determine the contribution rates for the October 1, 2020 to September 30, 2021
Actuarial cost method Entry age
Amortization method Level percent closed
Remaining amortization period 25.0 years
Asset valuation method Five year smoothed market
Inflation 2.75%
Salary increases 3.25 - 5.00%, including inflation
Investment rate of return 7.70%, net of pension plan investment expense, including inflation
This schedule is prepared to illustrate the requirement to show information for 10 years.However,until a full 10 year trend is compiled,the City will present
information for those years for which information is available.
Covered payroll
Contribution deficit (excess)
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.
Contributions for fiscal year 2021 were based on the September 30, 2018 actuarial valuation.
City of Prattville, Alabama
Required Supplementary Information
Schedule of Changes in Total OPEB Liability and Related Ratios
Last 10 Fiscal Years Ended September 30
61
2021 2020 2019 2018
Total OPEB Liability
Service cost 110,550$ 98,274$ 55,465$ 60,832$
Interest 76,196 73,522 92,566 81,711
Difference between expected and
actual experience 217,312 331,826 106,044 (12,564)
Changes of assumptions 265,248 385,378 417,628 (128,538)
Benefit payments (204,907) (205,502) (38,938) (36,908)
Net change in total OPEB liability 464,399 683,498 632,765 (35,467)
Total OPEB liability - beginning 3,550,234 2,866,736 2,233,971 2,269,438
Total OPEB liability - ending 4,014,633$ 3,550,234$ 2,866,736$ 2,233,971$
Covered payroll 16,453,345$ 15,820,524$ 15,115,616$ 14,534,246$
Total OPEB liability as a percentage
of covered payroll 24.40%22.44%18.97%15.37%
Notes to Schedule
Benefit changes - there were no changes of benefits for the year ended September 30, 2021.
Changes of assumptions -the discount rate changed from 2.21%as of September 30,2020 to 2.15%as of
September 30, 2021.
This schedule is prepared to illustrate the requirement to show information for 10 years.However,until a full
10 year trend is compiled, the City will present information for those years for which information is available.
Other Supplementary Information
City of Prattville, Alabama
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget to Actual
Capital Projects Fund
For the Year Ended September 30, 2021
See accompanying notes to schedules of revenues, expenditures, and changes in fund balance - budget
to actual.
62
Actual Amounts Variance With
Original Final Budgetary Basis Final Budget
Revenues
Lodging taxes 465,000$ 465,000$ 461,057$ (3,943)$
Intergovernmental revenues 2,163,060 2,163,060 3,375,009 1,211,949
Investment earnings 12,000 12,000 5,096 (6,904)
Total revenues 2,640,060 2,640,060 3,841,162 1,201,102
Expenditures
Public works
General public works 124,606 (124,606)
Street department 155,600 155,600 45,633 109,967
Capital outlay 12,455,774 12,645,674 8,612,183 4,033,491
Debt service
Interest and fiscal charges 24,500 (24,500)
Total expenditures 12,611,374 12,801,274 8,806,922 3,994,352
Excess of revenues under
expenditures (9,971,314) (10,161,214) (4,965,760) 5,195,454
Other Financing Sources (Uses)
Transfers from General Fund 685,290 685,290
Transfers to Debt Service Fund (646,197) (646,197) (534,971) 111,226
Issuance of long-term debt 5,863,125 5,863,125 4,965,000 (898,125)
Total other financing sources (uses) 5,216,928 5,216,928 5,115,319 (101,609)
Net change in fund balance,
budgetary basis (4,754,386)$ (4,944,286)$ 149,559 5,093,845$
Adjustment for reconciling items to adjust from
budgetary basis to modified accrual basis
Change in encumbrances (18,065)
Net Change in Fund Balance, Modified Accrual Basis 131,494
Fund Balance - Beginning 4,473,536
Fund Balance - Ending 4,605,030$
Budgeted Amounts
City of Prattville, Alabama
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget to Actual
Debt Service Fund
For the Year Ended September 30, 2021
See accompanying notes to schedules of revenues, expenditures, and changes in fund balance - budget
to actual.
63
Actual Amounts Variance With
Original Final Budgetary Basis Final Budget
Revenues
Investment earnings 2$ 2$
Expenditures
Debt service
Principal payments 9,286,888$ 14,766,888$ 14,722,234 44,654
Interest and fiscal charges 702,977 1,141,727 993,009 148,718
Total expenditures 9,989,865 15,908,615 15,715,243 193,372
Excess of revenues under
expenditures (9,989,865) (15,908,615) (15,715,241) 193,374
Other Financing Sources
Transfers from General Fund 9,989,865 15,908,615 15,715,222 (193,393)
Net change in fund balance,
budgetary basis -$ -$ (19) (19)$
Net Change in Fund Balance, Modified Accrual Basis (19)
Fund Balance - Beginning 1,971
Fund Balance - Ending 1,952$
Budgeted Amounts
City of Prattville, Alabama
Notes to Schedules of Revenues, Expenditures, and Changes in Fund Balance - Budget to Actual
September 30, 2021
64
Budgets and budgetary accounting - The budget is adopted annually at the beginning of each fiscal year
for the Capital Projects Fund and Debt Service 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. During 2021,
public works expenditures exceeded appropriations in the Capital Projects Fund due to under budgeted
contract services. Debt service expenditures exceeded appropriations in the Capital Projects Fund due to
under budgeted debt issuance costs.
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.
Capital Projects
Fund
Net change in fund balance, modified accrual basis 131,494$
Encumbrances at beginning of the year 18,065
Net change in fund balance, budgetary basis 149,559$
Statistical Section
Statistical Section
Page
Financial Trends 65 - 69
Revenue Capacity 70 - 73
Debt Capacity 74 - 77
Demographic and Economic Information 78 - 79
Operating Information 80 - 82
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.
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.
Sources:Unless otherwise noted,the information in these schedules is derived from the annual
comprehensive financial reports.
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.
These schedules contain trend information to help the reader understand how the City's
financial performance and well-being have changed over time.
These schedules contain information to help the reader assess the factors affecting the
City's ability to generate its sales taxes.
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.
City of Prattville, Alabama
Schedule 1
Net Position by Component
(accrual basis of accounting)
65
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Governmental Activities
Net investment in capital
assets 31,400,291$ 36,021,544$ 36,578,653$ 39,468,399$ 43,629,725$ 50,777,504$ 56,746,210$ 61,250,307$ 64,770,445$ 70,375,541$
Restricted 803,180 901,190 975,467 1,568,412 1,800,916 1,756,318 1,345,927 1,679,172 3,949,053 2,848,900
Unrestricted (35,254,724) (30,215,385) (24,140,154) (28,898,955) (24,934,891) (22,656,464) (17,754,839) (11,293,458) (5,304,442) 1,544,610
Total governmental
activities net position (3,051,253)$ 6,707,349$ 13,413,966$ 12,137,856$ 20,495,750$ 29,877,358$ 40,337,298$ 51,636,021$ 63,415,056$ 74,769,051$
Business-Type Activities
Net investment in capital
assets 3,751,152$ 4,236,099$ 4,402,643$ 6,384,146$ 7,367,599$ 9,544,408$ 8,171,026$ 9,330,909$ 10,553,041$ 12,513,145$
Unrestricted 1,467,034 2,446,415 3,281,842 838,425 666,650 1,767 2,399,394 3,299,714 4,077,092 3,955,320
Total business-type
activities net position 5,218,186$ 6,682,514$ 7,684,485$ 7,222,571$ 8,034,249$ 9,546,175$ 10,570,420$ 12,630,623$ 14,630,133$ 16,468,465$
Primary Government
Net investment in capital
assets 35,151,443$ 40,257,643$ 40,981,296$ 45,852,545$ 50,997,324$ 60,321,912$ 64,917,236$ 70,581,216$ 75,323,486$ 82,888,686$
Restricted 803,180 901,190 975,467 1,568,412 1,800,916 1,756,318 1,345,927 1,679,172 3,949,053 2,848,900
Unrestricted (33,787,690) (27,768,970) (20,858,312) (28,060,530) (24,268,241) (22,654,697) (15,355,445) (7,993,744) (1,227,350) 5,499,930
Total primary government
activities net position 2,166,933$ 13,389,863$ 21,098,451$ 19,360,427$ 28,529,999$ 39,423,533$ 50,907,718$ 64,266,644$ 78,045,189$ 91,237,516$
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 .
Note: Periods prior to 2018 have not been retroactively restated for the impact of Statement No. 75 of the Governmental Accounting Standards Board, Accounting and Financial Reporting for
Postemployment Benefits Other Than Pensions .
City of Prattville, Alabama
Schedule 2
Changes in Net Position
(accrual basis of accounting)
66
Governmental Activities 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Expenses
Governmental activities
General government 6,868,707$ 6,649,800$ 7,250,279$ 7,619,638$ 8,280,428$ 8,592,901$ 8,677,745$ 9,675,034$ 9,533,096$ 11,667,746$
Public safety 12,918,701 14,115,911 14,094,661 15,125,945 16,385,499 16,801,682 16,611,555 16,509,683 18,361,213 19,266,236
Public works 3,518,015 3,703,761 5,180,698 6,019,336 6,451,296 5,288,183 5,872,825 6,719,792 6,930,579 6,769,825
Cultural and recreational 1,766,958 1,830,376 1,980,775 2,021,877 2,204,798 2,096,394 2,314,090 2,872,314 3,068,326 3,339,664
Economic development 1,828,093
Interest and fiscal charges 2,195,048 1,971,907 1,727,232 917,762 943,460 853,853 589,467 565,292 591,323 982,040
Total governmental activities expenses 27,267,429 28,271,755 30,233,645 31,704,558 34,265,481 33,633,013 35,893,775 36,342,115 38,484,537 42,025,511
Program Revenues
Governmental activities
Charges for services
General government 5,351,940 5,525,847 5,499,156 5,973,943 5,971,164 5,942,996 6,238,858 6,219,359 7,115,222 7,481,888
Public safety 1,517,963 1,661,549 1,709,921 1,411,107 1,104,211 1,276,310 1,537,335 1,643,355 924,914 1,076,420
Public works 264,744
Cultural and recreational 234,899 209,031 251,562 257,548 289,834 296,242 306,400 494,584 393,829 614,175
Operating grants and contributions 112,012 224,060 71,025 17,820 135,291 31,943 231,359 219,891 1,869,454 2,855,387
Capital grants and contributions 2,658,548 4,641,690 1,417,033 3,953,219 4,596,515 4,581,613 4,226,472 4,814,309 4,218,796 799,992
Total governmental activities program revenues 10,140,106 12,262,177 8,948,697 11,613,637 12,097,015 12,129,104 12,540,424 13,391,498 14,522,215 12,827,862
Total governmental activities net expense (17,127,323) (16,009,578) (21,284,948) (20,090,921) (22,168,466) (21,503,909) (23,353,351) (22,950,617) (23,962,322) (29,197,649)
General Revenues and Other Changes in Net Position
Governmental activities
Sales and use taxes 19,736,422 20,602,498 21,221,765 22,112,831 23,261,064 23,336,649 24,496,182 26,195,592 27,588,603 32,422,803
Real and personal property taxes 2,688,777 2,651,051 2,690,055 2,614,090 2,812,535 2,796,943 2,903,635 2,683,078 3,058,007 3,280,632
Lodging taxes 1,025,328 1,201,424 1,647,626 1,804,447 1,898,959 2,028,437 2,288,773 2,476,053 1,970,330 2,380,696
Local gasoline taxes 898,009 906,939 941,261 970,304 1,015,531 1,034,599 1,070,850 1,175,500 1,023,810 1,144,666
Alcoholic beverage taxes 295,533 311,045 408,900 273,579 356,953 378,800 374,545 390,690 416,068 478,991
Rental taxes 326,620 315,191 346,089 377,964 388,975 378,341 393,905 484,343 406,811 460,804
Tobacco taxes 155,396 142,723 134,656 136,220 121,636 117,974 140,400 126,962 126,449 120,463
Excise taxes 18,749 70,817 65,949 79,780 77,436 175,042 146,943 222,161
Unrestricted shared revenues 286,883 453,074 496,879
Investment earnings 26,685 69,467 164,964 62,586 93,022 94,168 79,558 90,186 130,579 56,800
Miscellaneous revenue 476,471 625,501 359,099 460,002 500,249 491,229 602,010 366,270 309,073 461,616
Gain (loss) on disposal of assets 54,747 36,300 3,320 (46,495) 177,306 62,244
Transfers (3,374,093)(200,000)50,015 85,000 81,247 (814,950)
Total governmental activities general revenues
and other changes in net position 22,560,780 26,696,656 28,035,111 28,928,103 30,526,360 30,885,517 32,496,801 34,249,340 35,741,357 40,551,644
Total governmental activities change in net
position 5,433,457$ 10,687,078$ 6,750,163$ 8,837,182$ 8,357,894$ 9,381,608$ 9,143,450$ 11,298,723$ 11,779,035$ 11,353,995$
City of Prattville, Alabama
Schedule 2
Changes in Net Position
(accrual basis of accounting)
67
Business-Type Activities 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Expenses
Wastewater 2,515,354$ 2,770,077$ 2,763,675$ 2,852,233$ 2,869,892$ 2,826,180$ 3,989,631$ 4,193,126$ 4,494,416$ 5,253,005$
Sanitation 2,069,318 2,230,497 2,463,315 2,539,325 2,886,650 3,019,998 2,994,426 2,789,159 2,471,008 3,072,318
Total business-type activities
expenses 4,584,672 5,000,574 5,226,990 5,391,558 5,756,542 5,846,178 6,984,057 6,982,285 6,965,424$ 8,325,323$
Revenues
Charges for services
Wastewater 3,874,248 3,851,668 3,729,267 3,911,891 3,994,729 4,506,215 5,008,762 5,448,276 6,000,746 6,360,143
Sanitation 2,392,771 2,447,844 2,452,098 2,457,400 2,550,392 2,601,138 2,644,530 2,753,354 2,798,298 2,982,123
Operating grants and contributions
Wastewater 873
Capital grants and contributions
Wastewater 160,324 30,401 224,640 805,763
Total business-type activities
revenues 6,427,343 6,329,913 6,181,365 6,369,291 6,545,121 7,107,353 7,877,932 9,007,393 8,799,917 9,342,266
Total business-type activities
net program revenue 1,842,671 1,329,339 954,375 977,733 788,579 1,261,175 893,875 2,025,108 1,834,493 1,016,943
Other Changes in Net Position
Investment earnings 99,721 79,095 24,673 6,439
Miscellaneous revenue 1,422 3,448 5,055 4,382 4,852 7,760 27,261 4,097
Gain on disposal of assets 42,306 18,247 293,006 3,388 41,000 217,494
Transfers 3,374,093 200,000 (50,015)(85,000) (81,247) 814,950
Total business-type activities
other changes in net position 3,375,515 203,448 5,055 46,688 23,099 250,751 130,370 35,095 165,017 821,389
Total business-type activities
change in net position 5,218,186$ 1,532,787$ 959,430$ 1,024,421$ 811,678$ 1,511,926$ 1,024,245$ 2,060,203$ 1,999,510$ 1,838,332$
Total primary government
change in net position 10,651,643$ 12,219,865$ 7,709,593$ 9,861,603$ 9,169,572$ 10,893,534$ 10,167,695$ 13,358,926$ 13,778,545$ 13,192,327$
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 .
Note:Periods prior to 2018 have not been retroactively restated for the impact of Statement No.75 of the Governmental Accounting Standards Board,Accounting and Financial Reporting for
Postemployment Benefits Other Than Pensions .
City of Prattville, Alabama
Schedule 3
Fund Balances of Governmental Funds
(modified accrual basis of accounting)
68
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
General Fund
Nonspendable 98,908$ 102,322$ 114,704$ 136,566$ 166,583$ 146,829$ 145,829$ 900,379$ 741,470$ 133,803$
Restricted 204,694 280,424 348,192 517,624 619,222 806,185 402,981 603,026 1,005,025 1,227,653
Committed 2,567,260 3,381,590 4,555,104 4,567,189 6,115,868 6,253,712 4,168,004 3,634,602 7,195,582 609,412
Assigned 1,235,310 261,383 468,838 792,720 822,832 1,184,299 1,793,517 999,672 1,559,260 5,072,532
Unassigned 1,099,168 3,053,554 5,643,011 6,555,450 7,056,740 7,713,688 9,487,554 10,022,167 10,836,477 12,382,273
Total general fund 5,205,340$ 7,079,273$ 11,129,849$ 12,569,549$ 14,781,245$ 16,104,713$ 15,997,885$ 16,159,846$ 21,337,814$ 19,425,673$
All Other Governmental Funds
Nonspendable 2,299$ 377$ 283$ 254$ 169$ 288$ 188$ 230$
Restricted 598,486$ 620,766$ 670,828 1,050,795 1,181,744 729,012 946,556 1,076,146 2,944,028 1,621,247
Committed 20,573 305,771 601,804 913,792 200,806 104,129 460,313 452,076 390,510
Assigned 503,290 801,506 2,554,059 3,449,408 3,367,433 1,089,122 1,090,179 1,280,269 3,080,828
Unassigned 1 (14,167)(44,029) (27,297) (43,169)
Total all other
governmental funds 598,486$ 1,144,630$ 1,780,404$ 4,207,035$ 5,531,060$ 4,253,476$ 2,139,976$ 2,626,926$ 4,649,264$ 5,049,646$
City of Prattville, Alabama
Schedule 4
Changes in Fund Balances of Governmental Funds
(modified accrual basis of accounting)
69
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Revenues
Taxes 25,144,834$ 26,201,688$ 27,456,301$ 28,369,215$ 29,933,089$ 30,246,785$ 31,815,233$ 33,754,379$ 34,590,078$ 40,289,055$
Licenses and permits 5,351,940 5,525,847 5,499,156 5,973,943 5,971,164 5,942,996 6,238,858 6,219,359 6,437,271 6,709,219
Intergovernmental revenues 548,280 1,103,096 1,428,058 2,220,039 1,461,037 1,131,325 1,414,775 3,617,042 3,221,766 7,249,609
Charges and fees for services 1,223,888 1,284,750 1,392,556 1,077,656 875,957 945,962 1,030,643 1,203,582 1,191,216 1,563,819
Fines and forfeitures 532,321 630,728 614,714 590,999 518,090 626,590 813,092 934,357 805,478 899,445
Investment earnings 26,685 67,371 164,250 62,162 92,888 94,079 79,384 90,001 130,450 56,653
Miscellaneous revenues 1,067,962 1,030,355 356,984 422,314 386,370 378,870 275,290 286,797 145,736 275,066
Total revenues 33,895,910 35,843,835 36,912,019 38,716,328 39,238,595 39,366,607 41,667,275 46,105,517 46,521,995$ 57,042,866$
Expenditures
Current
General government 5,757,564 5,039,571 5,931,830 5,875,170 6,178,913 6,353,357 6,662,283 7,572,226 7,288,457 9,344,470
Public safety 12,346,346 11,852,136 11,731,292 12,413,193 13,352,908 13,436,701 13,437,695 13,523,445 14,762,262 15,541,200
Public works 3,332,207 3,210,261 4,184,523 6,068,130 6,864,620 4,221,491 4,817,045 5,654,222 5,724,473 5,502,458
Cultural and recreational 1,434,309 1,436,057 1,565,707 1,627,648 1,904,284 1,825,309 2,042,279 2,572,479 2,683,320 2,955,058
Economic development 1,828,093
Capital outlay 379,900 1,769,645 1,709,945 1,267,128 1,653,020 5,252,535 3,535,892 9,316,213 6,391,293 10,624,487
Debt service
Principal payments 4,070,296 4,011,121 2,941,830 4,548,721 2,988,986 5,182,594 7,778,395 6,916,637 3,422,491 14,734,983
Interest and fiscal charges 2,230,996 2,165,133 1,750,499 1,192,171 1,209,120 1,099,060 911,226 750,908 623,270 993,009
Bond issuance costs 83,464 93,782 139,216 27,000 13,500 24,500
Total expenditures 29,551,618 29,567,388 29,909,408 33,131,377 34,151,851 37,371,047 41,012,908 46,333,130 40,909,066 59,720,165
Excess of revenues over (under) expenditures 4,344,292 6,276,447 7,002,611 5,584,951 5,086,744 1,995,560 654,367 (227,613) 5,612,929 (2,677,299)
Other Financing Sources (Uses)
Insurance proceeds 37,685 113,875 112,359 174,379 63,688
Sale of capital assets 46,779 24,192 40,906 2,891 43,913 290,137 109,834
Transfers in 4,610,138 5,215,833 4,896,087 7,642,691 5,605,437 6,823,288 9,793,872 8,714,200 5,620,582 16,696,376
Transfers out (4,699,055) (9,361,585) (7,064,464) (9,884,991) (8,377,837) (9,893,134) (12,846,372) (11,655,204) (8,869,336) (20,605,670)
Issuance of long-term debt 825,000 240,000 3,515,000 4,545,994 4,965,000
Issuance of refunding bonds 9,815,000 9,955,000 12,280,000
Proceeds from capital lease 258,310 726,905 195,464
Payment to refunded bonds escrow agent (9,434,619) (10,067,843) (13,445,879)
Bond premium (discount)(90,999) 206,625 1,305,095
Total other financing sources (uses)(88,917) (3,856,370) (2,074,595) (2,018,620) (1,551,023) (1,949,676) (2,875,230) 877,061 1,587,377 1,165,540
Net change in fund balance 4,255,375$ 2,420,077$ 4,928,016$ 3,566,331$ 3,535,721$ 45,884$ (2,220,863)$ 649,448$ 7,200,306$ (1,511,759)$
Debt service as a percentage of noncapital
expenditures 21.61%22.37%16.70%18.70%13.58%19.56%23.19%20.71%11.76%32.09%
City of Prattville, Alabama
Schedule 5
Net Taxable Sales by Category
70
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Apparel stores 78,698,228$ 78,722,449$ 78,062,472$ 81,324,939$ 83,018,889$ 79,853,655$ 78,935,483$ 80,355,585$ 75,191,518$ 88,142,154$
Food stores 76,108,625 77,168,242 80,331,913 83,355,426 84,503,834 85,828,743 85,742,536 94,239,183 107,465,358 108,929,609
Automotive 62,669,770 68,449,774 72,277,636 97,027,886 108,971,570 114,691,542 123,070,580 120,718,622 131,555,912 166,304,094
Manufacturing machine 1,855,136 2,025,097 16,665,875 6,477,693 3,872,261 3,774,408 3,387,747 2,428,539 3,560,793 8,934,215
Restaurants 72,159,819 83,073,365 99,976,397 104,080,558 107,071,561 112,935,379 111,626,351 118,488,337 113,172,363 140,189,393
Home furnishings and
appliances 17,145,730 16,256,815 15,752,779 16,854,830 17,716,288 16,190,266 16,581,833 15,700,675 4,648,683 4,333,113
Building materials 40,414,350 42,467,529 42,313,771 45,417,305 49,249,400 55,631,517 53,463,408 55,650,242 68,816,166 80,144,285
Service stations 15,120,821 19,967,285 17,757,144 17,840,129 18,850,543 19,178,452 20,140,152 22,612,745 24,584,319 25,513,187
Other retail stores 253,682,787 259,689,798 256,775,123 266,688,466 287,794,171 280,178,657 315,093,693 343,652,800 374,810,657 453,441,857
Totals 617,855,266$ 647,820,354$ 679,913,110$ 719,067,232$ 761,048,517$ 768,262,619$ 808,041,783$ 853,846,728$ 903,805,770$ 1,075,931,907$
City direct sales tax rate 3.50%3.50%3.50%3.50%3.50%3.50%3.50%3.50%3.50%3.50%
Source: City's Finance Department.
City of Prattville, Alabama
Schedule 6
Sales Tax Revenue Payers by Category
71
Percent of Percent of Percent of
Percentage Tax Remitted Percentage Tax Remitted Percentage Tax Remitted
Number of Total Tax by Top 10 Number of Total Tax by Top 10 Number of Total Tax by Top 10
of Filers Tax Liability Liability Taxpayers of Filers Tax Liability Liability Taxpayers of Filers Tax Liability Liability Taxpayers
Apparel stores 21 2,811,745$ 10.73%4.69%18 2,631,703$ 9.54%4.26%21 3,084,975$ 9.51%3.96%
Food stores 7 3,298,371 12.59%10.72%7 3,761,288 13.63%11.70%7 3,812,536 11.76%10.32%
Automotive 25 603,593 2.30%28 657,780 2.38%33 831,520 2.56%
Machine 31 18,214 0.07%27 26,706 0.10%28 67,007 0.21%
Restaurants 110 4,147,092 15.83%116 3,961,033 14.36%1.02%122 4,906,629 15.13%1.04%
Home furnishings and
appliances 10 549,524 2.10%1.39%11 162,704 0.59%11 151,659 0.47%
Building materials 7 1,947,758 7.44%6.46%8 2,408,566 8.73%7.73%8 2,805,050 8.65%7.75%
Service stations 25 791,446 3.02%25 860,451 3.12%25 892,962 2.75%
Other retail stores 1,582 12,027,849 45.92%8.74%1,542 13,118,373 47.55%9.07%1,584 15,870,465 48.96%10.13%
Totals 1,818 26,195,592$ 100.00%1,782 27,588,604$ 100.00%1,839 32,422,803$ 100.00%
Percent of Percent of Percent of
Percentage Tax Remitted Percentage Tax Remitted Percentage Tax Remitted
Number of Total Tax by Top 10 Number of Total Tax by Top 10 Number of Total Tax by Top 10
of Filers Tax Liability Liability Taxpayers of Filers Tax Liability Liability Taxpayers of Filers Tax Liability Liability Taxpayers
Apparel stores 26 2,905,661$ 12.50%7.40%26 2,784,878$ 11.92%5.04%20 2,762,742$ 11.28%4.82%
Food stores 8 2,957,634 12.71%11.40%8 3,004,006 12.88%11.52%7 3,000,989 12.25%10.89%
Automotive 27 544,858 2.34%25 573,458 2.46%27 615,353 2.51%
Machine 25 29,042 0.12%26 20,308 0.09%28 25,408 0.10%
Restaurants 108 3,747,505 16.11%113 3,952,738 16.95%118 3,906,922 15.95%
Home furnishings and
appliances 11 620,070 2.67%1.80%10 566,659 2.43%1.65%10 580,364 2.37%1.64%
Building materials 7 1,723,729 7.41%6.60%7 1,947,103 8.35%6.83%7 1,871,219 7.64%6.64%
Service stations 23 659,769 2.84%24 671,246 2.88%24 704,905 2.88%
Other retail stores 1,383 10,072,796 43.30%7.50%1,632 9,806,253 42.04%9.33%1,579 11,028,280 45.02%8.95%
Totals 1,618 23,261,064$ 100.00%1,871 23,326,649$ 100.00%1,820 24,496,182$ 100.00%
2019
2016 2017
2020 2021
2018
City of Prattville, Alabama
Schedule 6
Sales Tax Revenue Payers by Category
72
Percent of Percent of Percent of
Percentage Tax Remitted Percentage Tax Remitted Percentage Tax Remitted
Number of Total Tax by Top 10 Number of Total Tax by Top 10 Number of Total Tax by Top 10
of Filers Tax Liability Liability Taxpayers of Filers Tax Liability Liability Taxpayers of Filers Tax Liability Liability Taxpayers
Apparel stores 22 2,755,286$ 13.40%8.90%22 2,732,187$ 12.90%5.49%22 2,846,373$ 12.89%7.70%
Food stores 8 2,700,888 13.13%11.50%8 2,811,617 13.28%11.62%8 2,917,440 13.21%11.70%
Automotive 23 342,249 1.66%22 361,388 1.71%24 485,139 2.20%
Machine 22 15,188 0.07%23 124,994 0.59%22 48,583 0.22%
Restaurants 85 2,907,568 14.14%107 3,499,174 16.53%104 3,642,820 16.50%
Home furnishings and
appliances 12 568,989 2.77% 2.00%11 551,347 2.60% 1.81%12 589,919 2.67% 1.80%
Building materials 8 1,486,364 7.23% 6.30%8 1,480,982 7.00% 6.06%8 1,589,606 7.20% 6.40%
Service stations 25 698,855 3.40%25 621,500 2.94%25 624,405 2.83%
Other retail stores 931 9,089,143 44.20% 9.10% 1,181 8,987,129 42.45% 10.50% 1,261 9,334,096 42.28% 8.25%
Totals 1,136 20,564,530$ 100.00%1,407 21,170,318$ 100.00%1,486 22,078,381$ 100.00%
Percent of
Percentage Tax Remitted
Number of Total Tax by Top 10
of Filers Tax Liability Liability Taxpayers
Apparel stores 20 2,754,438$ 13.99% 10.30%
Food stores 8 2,663,802 13.53% 12.14%
Automotive 23 313,349 1.59%
Machine 21 13,913 0.07%
Restaurants 81 2,525,594 12.82%
Home furnishings and
appliances 12 600,101 3.05% 2.33%
Building materials 8 1,414,502 7.18% 6.41%
Service stations 25 529,229 2.69%
Other retail stores 931 8,878,898 45.08% 6.15%
Totals 1,129 19,693,826$ 100.00%
2012
2013 2014 2015
Note: Due to confidentiality issues, the names of the 10 largest revenue payers are not available. The categories presented are intended to provide alternative information regarding the sources of the City's
revenue.
City of Prattville, Alabama
Schedule 7
Direct and Overlapping Sales Tax Rates
73
City Direct Autauga State of Total Sales
Fiscal Year Rate County District Tax Alabama Tax
2012 3.5%2.0%4.0%9.5%
2013 3.5%2.0%4.0%9.5%
2014 3.5%2.0%4.0%9.5%
2015 3.5%2.0%4.0%9.5%
2016 3.5%2.0%4.0%9.5%
2017 3.5%2.0%4.0%9.5%
2018 3.5%2.0%4.0%9.5%
2019 3.5%2.0%4.0%9.5%
2020 3.5%2.0%4.0%9.5%
2021 3.5%2.0%4.0%9.5%
City Direct Elmore State of Total Sales
Fiscal Year Rate County District Tax Alabama Tax
2012 3.5%1.0%1.0%4.0%9.5%
2013 3.5%1.0%1.0%4.0%9.5%
2014 3.5%1.0%1.0%4.0%9.5%
2015 3.5%1.0%1.0%4.0%9.5%
2016 3.5%1.0%1.0%4.0%9.5%
2017 3.5%1.0%1.0%4.0%9.5%
2018 3.5%1.0%1.0%4.0%9.5%
2019 3.5%1.0%1.0%4.0%9.5%
2020 3.5%1.0%1.0%4.0%9.5%
2021 3.5%1.0%1.0%4.0%9.5%
Sources:City Finance Department,Autauga County Revenue Commissioner's Office,and Elmore
County Department of Finance.
City of Prattville, Alabama
Schedule 8
Ratios of Outstanding Debt by Type
74
Limited Total Percentage Percentage
Fiscal Warrants Obligation Capital Outstanding of Taxable of Personal Per Capita
Year Payable Term Loan Warrant Lease Debt Sales (1)Income (2)(2)
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%2.28%830
2015 40,610,621 1,546,258 42,156,879 5.86%2.02%762
2016 38,304,803 1,529,406 206,620 40,040,829 5.26%1.82%723
2017 32,766,245 1,513,174 882,163 35,161,582 4.58%1.56%633
2018 24,860,717 1,496,981 769,961 27,127,659 3.36%1.17%488
2019 21,398,071 1,482,244 847,388 23,727,703 2.78%0.97%425
2020 22,532,792 1,470,636 687,172 24,690,600 2.73%0.94%440
2021 12,478,242 1,457,886 578,163 14,514,291 1.35%**
Limited Total Percentage Percentage
Fiscal Warrants Obligation Capital Outstanding of Taxable of Personal Per Capita
Year Payable Term Loan Warrant Lease Debt Sales (1)Income (2)(2)
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%0.08%32
2017 1,400,411 1,400,411 0.18%0.06%25
2018 33,466,817 33,466,817 4.14%1.45%602
2019 33,053,094 33,053,094 3.87%1.35%592
2020 34,585,953 34,585,953 3.83%1.32%616
2021 33,607,072 33,607,072 3.12%**
Limited Total Percentage Percentage
Fiscal Warrants Obligation Capital Outstanding of Taxable of Personal Per Capita
Year Payable Term Loan Warrant Lease Debt Sales (1)Income (2)(2)
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%1.90%755
2017 34,166,656 1,513,174 882,163 36,561,993 4.76%1.63%659
2018 58,327,534 1,496,981 769,961 60,594,476 7.50%2.62%1,090
2019 54,451,165 1,482,244 847,388 56,780,797 6.65%2.31%1,016
2020 57,118,745 1,470,636 687,172 59,276,553 6.56%2.26%1,056
2021 46,085,314 1,457,886 578,163 48,121,363 4.47%**
Notes: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
(1) See the Net Taxable Sales by Category on page 70 for net taxable sales data.
(2) Population data can be found in the schedule of Demographics and Economic Statistics on page 78.
* Information not available.
Governmental Activities
Business-Type Activities
Primary Government
City of Prattville, Alabama
Schedule 9
Ratios of Net General Bonded Debt Outstanding
75
General Less Amounts Percentage of
Fiscal Obligation Available in Debt Net Taxable Per
Year Bonds (1) Service Fund (2) Total Sales (3) Capita (4)
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%723
2017 34,166,656 1,879 34,164,777 4.45%616
2018 58,327,534 3,610 58,323,924 7.22%1,049
2019 54,451,165 7,756 54,443,409 6.38%974
2020 57,118,745 1,971 57,116,774 6.32%1,017
2021 46,085,314 1,952 46,083,362 4.28%*
* Information not available.
Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
(1)This is the general bonded debt of both governmental and business-type activities, net of original
issuance discounts and premiums.
(2)This is the amount restricted for debt service principal payments.
(3)See the Net Taxable Sales by Category on page 70 for net taxable sales data.
(4)Population data can be found in the schedule of Demographics and Economic Statistics on page 78.
City of Prattville, Alabama
Schedule 10
Direct and Overlapping Governmental Activities Debt
As September 30, 2021
76
Estimated Estimated Share
Debt Percentage of Direct and
Governmental Unit Outstanding Applicable (a) Overlapping Debt
Debt repaid with property taxes: Autauga County 9,406,208$ 46.75%4,397,402$
Debt repaid with property taxes: Elmore County 14,898,809 6.09%907,337
Subtotal, overlapping debt 19,940,427
City of Prattville, Alabama direct debt 14,514,291
Total direct and overlapping debt 34,454,718$
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
Schedule 11
Legal Debt Margin Information
77
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Net assessed value of taxable
property 356,934,340$ 352,040,720$ 348,362,480$ 358,817,560$ 367,841,220$ 378,906,500$ 399,540,960$ 406,361,740$ 419,195,680$ 449,162,780$
Debt limit 71,386,868 70,408,144 69,672,496 71,763,512 73,568,244 75,781,300 79,908,192 81,272,348 83,839,136 89,832,556
Total net debt applicable to limit 9,818,857 18,697,026 26,501,875 37,095,437 36,416,570 31,990,284 24,241,351 21,587,614 24,241,351 11,033,458
Legal debt margin 61,568,011$ 51,711,118$ 43,170,621$ 34,668,075$ 37,151,674$ 43,791,016$ 55,666,841$ 59,684,734$ 59,597,785$ 78,799,098$
Total net debt applicable to the
limit as a percentage of debt limit 13.75%26.56%38.04%51.69%49.50%42.21%30.34%26.56%28.91%12.28%
Legal Debt Margin Calculation for Fiscal Year 2021
Assessed value 449,162,780$
Debt limit (20% of total assessed value)89,832,556$
Debt applicable to limit
General obligation warrants 10,457,247
Capital leases 578,163
Less amount set aside for repayment of general
obligation debt 1,952
Total net debt applicable to limit 11,033,458
Legal debt margin 78,799,098$
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.
City of Prattville, Alabama
Schedule 12
Demographic and Economic Statistics
78
Personal Income Per Capita School Autauga County
Calendar Year Population (Thousands of Dollars)Personal Income Median Age Enrollment Unemployment Rate
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 55,416 2,201,179 39,721 37.70 9,643 (15-16)5.20%
2017 55,504 2,247,024 40,484 37.80 9,620 (16-17)4.10%
2018 55,601 2,314,002 41,618 37.80 9,184 (17-18)3.90%
2019 55,869 2,453,599 43,917 38.20 9,040 (18-19)2.80%
2020 56,145 2,628,372 46,814 38.20 8,976 (19-20)5.30%
2021 ****8,908 (20-21)2.80%
* Unavailable
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.
City of Prattville, Alabama
Schedule 13
Principal Employers
79
Percentage of Percentage of Percentage of Percentage of Percentage of
Total City Total City Total City Total City Total City
Employer Employees Employment Employees Employment Employees Employment Employees Employment Employees Employment
Autauga County Board of Education 1,120 7.30%1,120 7.35%1,091 7.05%1,091 6.95%1,100 6.90%
International Paper 550 3.59%550 3.61%550 3.55%550 3.55%584 3.67%
Prattville Baptist Hospital 250 1.63%275 1.80%350 2.26%350 2.23%365 2.29%
Kinedyne 95 0.62%70 0.46%**74 0.47%166 1.04%
City of Prattville, Alabama 311 2.51%315 2.23%336 2.40%354 2.37%347 2.42%
Walmart 480 3.13%348 2.28%330 2.13%330 2.10%340 2.13%
YMCA ********105 0.66%
Autauga County 200 1.30%200 1.31%202 1.31%202 1.29%190 1.19%
Prattville Health and Rehabilitation 151 0.98%200 1.31%200 1.29%187 1.19%155 0.97%
Bass Pro Shops ********212 1.33%
Central Alabama Electric Cooperative ********120 0.75%
Fras-Le ****156 1.01%147 0.94%96 0.60%
Kasai North America, Inc. (M-Tek, Inc through 2015)80 0.52%128 0.84%138 0.89%138 0.88%110 0.69%
LoneStar Plastics 87 0.57%80 0.52%91 0.59%91 0.58%84 0.53%
Totals 3,324 22.15%3,286 21.71%3,444 22.48%3,514 22.55%3,974 25.17%
Percentage of Percentage of Percentage of Percentage of Percentage of
Total City Total City Total City Total City Total City
Employer Employees Employment Employees Employment Employees Employment Employees Employment Employees Employment
Autauga County Board of Education 1,076 6.64%1,097 6.60%1,078 6.35%1,213 7.64%1,310 7.98%
International Paper 600 3.70%636 3.83%636 3.74%636 4.01%600 3.65%
Prattville Baptist Hospital 399 2.46%397 2.39%500 2.94%500 3.15%649 3.95%
Kinedyne 184 1.14%221 1.33%415 2.44%415 2.61%210 1.28%
City of Prattville, Alabama 349 2.38%377 2.22%358 2.27%383 2.41%411 2.50%
Walmart 320 1.97%320 1.93%312 1.84%375 2.36%**
YMCA 133 0.82%112 0.67%200 1.18%218 1.37%243 1.48%
Autauga County 190 1.17%210 1.26%210 1.24%200 1.26%200 1.22%
Medline ******160 1.01%260 1.58%
Prattville Health and Rehabilitation 155 0.96%193 1.16%185 1.09%150 0.94%200 1.22%
Bass Pro Shops 260 1.60%182 1.10%176 1.04%150 0.94%166 1.01%
Central Alabama Electric Cooperative 120 0.74%120 0.72%128 0.75%130 0.82%140 0.85%
Target ******119 0.75%119 0.72%
Long Lewis 83 0.51%120 0.72%100 0.59%100 0.63%78 0.48%
James Hardie Building Products ******98 0.62%230 1.40%
Fras-Le 80 0.49%73 0.44%80 0.47%62 0.39%60 0.37%
Kasai North America, Inc. (M-Tek, Inc through 2015)112 0.69%****60 0.38%60 0.37%
Alabama Baptist State Board of Missions **90 0.54%90 0.53%60 0.38%67 0.41%
LoneStar Plastics **********
Totals 4,061 25.27%4,148 24.91%4,468 26.47%5,029 31.67%5,003 30.47%
Source: Prattville Area Chamber of Commerce.
Average number employed in the City for 2021 was 16,421 per www2.labor.alabama.gov/LAUS/LAUScities.pdf.
http://www2.labor.alabama.gov/Laus/CLF/AllCity.aspx#Prattville
* Unavailable
20162012201320142015
2017 2018 2019 2020 2021
City of Prattville, Alabama
Schedule 14
Full-Time Equivalent City
Government Employees by Function
80
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Function/Program
General government
Executive 2 3 3 3 3 4 5 5 6 6
Legislative 7 7 7 7 7 7 7 7 7 7
Finance 6 5 6 7 7 7 7 7 6 7
City clerk 3 3 3 3 3 3 4 3 3 2
Human resources 4 4 3 4 4 4 5 5 5 5
Judicial 6 6 6 6 6 6 6 7 7 7
Information technology 1 1 2 3 3 3 3 3 3 3
Vehicle maintenance 6 6 5 6 6 6 6 4 5 5
Public safety
Police
Officers 81 81 82 82 82 82 89 84 87 95
Civilians 8 9 9 10 10 10 8 8 8 7
Fire
Officers 81 79 83 83 83 83 83 82 82 87
Civilians 7 7 2 2 2 3 3 3 3 3
Building division 4 6 6 6 6 4 4 4
Public works
Public works 4 4 5 6 6 6 6
Engineering 9 10 9 9 9 8 10 9 11 11
Facilities maintenance 4 8 8 8 11 10 10 10
Planning and development 7 4 4 5 5 4 5 6 7 7
Sanitation 28 32 34 36 34 28 25 21 23 24
Wastewater 23 23 25 25 21 23 28 22 25 24
Urban management 19 23 30 30 29 34 38 28 30 32
Cultural and recreational
Parks and recreation 12 12 14 14 14 13 20 31 42 56
Performing and creative arts 1 1 1 1 2 2 3 3 3
Totals 311 315 336 354 347 349 377 358 383 411
Source: Human Resources.
Note: This report includes regular full-time employees, regular part-time employees (based on full-time
equivalent employment calculated by dividing labor hours by 2,080 hours), elected and appointed
officials as of September 30 each year.
City of Prattville, Alabama
Schedule 15
Operating Indicators by Function/Program
81
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Function/Program
General government
Building permits issued
Residential 128 120 131 161 165 189 185 242 332 299
Residential remodel 392 327 343 333 147 203 295 264 339 262
Commercial 8 8 12 17 10 12 23 19 8 12
Commercial buildout, remodel, addition 43 49 56 74 71 41 61 49 48 60
Building inspections conducted 3,512 4,506 5,688 4,148 4,830 4,767 5,260 5,927 7,387 8,142
Building plan reviews 212 181 441 659 650 873 808 921 908 738
Public safety
Police
Physical arrests 2,208 2,128 2,757 2,342 2,829 2,146 2,287 3,952 3,594 3,603
Parking violations 259 122 86 98 28 8 14 43
Traffic violations 4,460 4,782 4,897 4,418 5,701 8,163 8,367 5,884 3,298 3,759
Fire
Emergency responses 5,673 5,786 5,893 5,118 4,874 5,394 5,405 5,447 5,857 6,390
Fires extinguished 75 101 113 105 113 43 104 103 101 110
Inspections 2,846 2,846 2,775 2,791 2,500 3,477 2,603 2,564 2,605 2,249
Public works
Potholes repaired 1,500 1,750 2,000 2,500 2,500 2,000 2,550 2,750 1,750 2,000
Street resurfacing (miles)2 7 5 8 1 8 22
Wastewater
Average daily sewage treatment (millions of gallons)
Autauga Creek 1.72 1.92 1.62 1.47 1.54 1.66 1.79 1.81 2.00 2.89
Pine Creek 1.90 2.01 1.88 1.81 1.96 2.08 2.13 2.45 2.43 2.02
Refuse collection
Garbage (tons per day)38.5 36.33 45.00 44.60 49.60 43.33 45.47 46.04
Trash (yards per day)189 260 220 61 28 204 287 290
Recyclables (tons per day)1 1 1 1 1 1 2 1
Sources: Various City departments.
City of Prattville, Alabama
Schedule 16
Capital Asset Statistics by Function/Program
82
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Function/Program
Public safety
Police
Stations 1 1 1 1 1 1 1 1 1 1
Patrol cars 84 84 81 84 78 80 95 95 95 93
Motorcycles 9 9 10 10 10 10 10 9 9
Fire
Stations 3 3 3 3 3 3 3 3 3 4
Fire engines 5 5 5 5 5 5 5 5 5 5
Ladder trucks 1 1 1 1 1 2 2 2 2 2
Heavy rescue 1 1 1 1 1 1 1 1 1 1
Ambulances 7 7 7 7 6 6 6 6 6 6
Refuse collection
Trash trucks 6 6 6 6 6 6 6 6 4 6
Garbage trucks 9 8 8 8 9 7 7 7 5 7
Parkan truck 1 1 1 1 1 1 1
Public works
Streets (miles)209 212 212 217 220 223 228 230 232 234
Highways (miles)23 23 23 23 23 23 23 23 23 23
Streetlights 2,450 2,450 2,450 2,475 2,510 2,525 2,550 2,575 2,600 2,650
Traffic signal heads 270 270 270 270 286 286 286 286 286 287
Cultural and recreational
Acreage 354 354 354 354 354 354 354 357 357 357
Playgrounds 10 10 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.