City of Midland

City Manager's Office
989-837-3301

CITY OF MIDLAND
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FISCAL YEAR ENDING
JUNE 30, 2005

Below are links to individual pages or sections of the Comprehensive Annual Financial Report (CAFR) for 2005. Click here if you prefer to view the full version in PDF format (1.2 Mb).

 

 

INTRODUCTORY SECTION

                                                                                                                                                        

Title Page

Table of Contents

Letter of Transmittal

Certificate of Achievement for Excellence in Financial Reporting

Organization Chart

Listing of City Council and Administrative Staff

 

 

FINANCIAL SECTION

 

Independent Auditors’ Report

 

Management’s Discussion and Analysis

 

Basic Financial Statements

 

  Government-Wide Financial Statements:

     Statement of Net Assets

     Statement of Activities

  

   Fund Financial Statements

     Balance Sheet – Governmental Funds

     Reconciliation of Governmental Funds Balance Sheet to Statement of Net Assets

     Statement of Revenues, Expenditures and Changes In Fund Balances – Governmental Funds

     Reconciliation of the Statement of Revenues, Expenditures and Changes In Fund Balances of Governmental Funds to the Statement of Activities

     Statement of Net Assets – Proprietary Funds

     Statement of Revenues, Expenses, and Changes in Fund Net Assets – Proprietary Funds

     Statement of Cash Flows – Proprietary Funds

     Statement of Fiduciary Net Assets – Fiduciary Funds

     Statement of Changes in Fiduciary Net Assets – Fiduciary Funds

 

  Notes to Financial Statements

 

  Other Required Supplementary Information

    Budgetary Comparison Schedule – General Fund

    Budgetary Comparison Schedule – Major Street Fund

    Notes to Required Supplementary Information - Stewardship, Compliance and Accountability

    Retirement Systems Schedule of Funding Progress - Police and Fire Retirement System

    Retirement Systems Schedule of Employer Contributions - Police and Fire Retirement System

 

Other Supplementary Information

 

    Nonmajor Governmental Fund Descriptions

    Combining Balance Sheet – Nonmajor Governmental Funds

    Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds

    Budgetary Comparison Schedule – Local Street Fund

    Budgetary Comparison Schedule – Storm Water Management Fund

    Budgetary Comparison Schedule – Transportation Fund

    Budgetary Comparison Schedule – Grace A Dow Library Fund

    Budgetary Comparison Schedule – Downtown Development Authority Fund

    Budgetary Comparison Schedule – Community Development Block Grant

    Budgetary Comparison Schedule – Cable Communications Fund

    Budgetary Comparison Schedule – Special Activities Fund

    Budgetary Comparison Schedule – Midland Housing Fund

    Budgetary Comparison Schedule – Debt Service Fund

 

    Nonmajor Proprietary Fund Descriptions

    Combining Statement of Net Assets – Nonmajor Proprietary Funds

    Combining Statement of Revenues, Expenses, and Changes in Net Assets – Nonmajor Proprietary Funds

    Combining Statement of Cash Flows – Nonmajor Proprietary Funds

 

    Fiduciary Fund Descriptions

    Statement of Plan Net Assets – Pension and Other Employee Benefit Trust Funds

    Statement of Changes in Plan Net Assets – Pension and Other Employee Benefit Trust Funds

    Combining Statement of Changes in Assets and Liabilities – Agency Funds

 

    Internal Service Fund Descriptions

    Combining Statement of Net Assets – Internal Service Funds

    Combining Statement of Revenues, Expenses, and Changes in Net Assets – Internal Service Funds

    Combining Statement of Cash Flows – Internal Service Funds

 

 

STATISTICAL SECTION

 

General Governmental Revenues and Expenditures by Source

General Governmental Revenues and Expenditures by Function

Tax Information

Value of Taxable Property

Property Tax Levies and Collections

Property Tax Rates - Direct and Overlapping Governments

Gross Property Tax Levies - Direct and Overlapping Governments

Listing of Ten Largest Taxpayers

Special Assessment Collections

Statement of Legal Debt Margin

Direct, Indirect and Overlapping Debt

Property Value, Construction and Bank Deposits

Ratio of Annual Debt Service Requirements for General Bonded Debt to General Expenditures

Schedule of Revenue Bond Coverage - Water Supply System

Ratio of Net Bonded Debt to State Equalized Value and Per Capita

Economic and Statistical Data

Demographic Statistics

 

SINGLE AUDIT SECTION

 

Independent Auditor’s Report

Report Letter on Internal Control Over Financial Reporting and on Compliance and Other Matters

Report Letter on Compliance with Requirements Applicable to Major Programs and Internal Control over Compliance in Accord with OMB Circular A-133

Schedule of Expenditures of Federal Awards

Reconciliation of Basic Financial Statements – Federal Revenue with Schedule of Expenditures of Federal Awards

Notes to Schedule of Expenditures of Federal Awards

Schedule of Findings and Questioned Costs

 

 

Additional Information - Transportation Fund (Dial-A-Ride) Schedules

   Schedule of Operating Revenues

   Schedule of Operating Expenses

   Schedule of Non-Operating Revenues

   Schedule of Computation - Net Eligible Cost of General Operations

   Schedule of Expenditures of State Awards (MDOT)

   Mileage Data

   Property and Equipment