City of West Haven, Connecticut

1 City of west haven , Connecticut Annual Financial Report June 30, 2016 Contents I . Introductory Section Principal Officials 1 II. Financial Section Independent Auditor s Report 3-4 Management s Discussion and Analysis - Unaudited 5-11 Basic Financial Statements Exhibit Government-Wide Financial Statements: A Statement of net position (deficit) 13 B Statement of activities 14 Fund Financial Statements: C Balance sheet governmental funds and reconciliation of fund balance (deficit) to net position (deficit) of governmental activities 15-16 D Statement of revenues, expenditures and changes in fund balances (deficits) governmental funds 17 E Reconciliation of the statement of revenues, expenditures and changes in fund balances (deficits)

2 Of governmental funds to statement of activities 18-19 F Statement of fiduciary net position fiduciary funds 20 G Statement of changes in fiduciary net position fiduciary funds 21 Notes to financial statements 22-67 Required Supplementary Information - Unaudited Exhibit RSI-1 Schedules of employer contributions police and Allingtown pension plans 69 RSI-2 Schedules of changes in net pension liability and related ratios police pension and Allington Fire District plan and schedules of investment returns 70-71 RSI-3 Schedule of the City s proportionate share of net pension liability teachers retirement system 72 RSI-4 Schedules of funding progress and employer contributions city other post-employment benefit plan and Allingtown Fire District OPEB plan 73-74 RSI-5 Statement of revenues and expenditures budgetary basis budget and actual general fund 75 RSI-6 Statement of revenues and expenditures budgetary basis budget and actual Allingtown Fire District 76 RSI-7 Note to required supplementary information 77-78 Contents Supplemental Combining and Individual Fund Financial Statements and Other Schedules Schedule General Fund 1.

3 Schedule of revenues and other financing sources budget and actual 79-80 2. Schedule of expenditures and other financing uses budget and actual 81-83 Allingtown Fire District 3. Schedule of revenues and other financing sources Allingtown Fire District 84 4. Schedule of expenditures and other financing uses budget and actual Allingtown Fire District 85 Nonmajor Governmental Funds 5. Combining balance sheet 88-91 6. Combining statement of revenues, expenditures and changes in fund balances (deficits) 92-95 Fiduciary Funds 7. Combining statement of changes in assets and liabilities Agency Funds 97 Other Schedules 8. Report of Tax Collector 99 9. Report of Tax Collector Allingtown Fire District 100 III.

4 Statistical Section - Unaudited Table 1. Net position (deficit) by component 101 2. Changes in net position (deficit) 102 3. Fund balances (deficits), governmental funds 103 4. Changes in fund balances (deficits), governmental funds 104 5. Property tax rates, levies and collections 105 6. Ratio of outstanding debt by type 106 7. Computation of debt limitation 107 Introductory Section 1 City of west haven , Connecticut Principal Officials June 30, 2016 Mayor Edward M. O Brien City Council James O Brien, Chairman Ronald Quagliani Louise Martone Nicholas Ruickoldt Ralph Eberle Tracy Morrissey James P.

5 O Brien David Riccio Dave Russell Sean P. Ronan Russell Aldrich Stacy Riccio Robin Hamilton David Forsyth Administration Adult Day Care Director .. Ethel Anderson Ann Marie Gradoia Building Official .. Frank Gladwin City Clerk .. Deborah Collins Community Development Agency .. Mark Bisaccia Corporation Counsel ..Vincent Amendola, Esq. Director of Finance .. Kevin McNabola Engineering .. Abdul Quadir Health Director .. Maureen B. Lillis Information Technology .. David Richards Library .. Colleen Bailie Parks and Recreation .. William Slater Planning and Development .. Joseph Riccio Public Works Director .. Dominic Perrotti Police Chief .. John Karajanis Purchasing and Risk Management.

6 Robert Sandella Senior Center Director .. Sharon Mancini Tax Collector .. Eric Murillo Youth and Family Services .. Robert Morton WPCA Administrator .. Jack Crosby Director of Sabo Board of Education Neil C. Cavallaro, Superintendent of Schools 2 This page intentionally left blank. Financial Section 3 Independent Auditor s Report City Council City of west haven , Connecticut Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, each major fund and the aggregate remaining fund information of the City of west haven , Connecticut , as of and for the year ended June 30, 2016, and the related notes to the financial statements, which collectively comprise the City's basic financial statements as listed in the table of contents.

7 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.

8 Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatements. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control.

9 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, each major fund and the aggregate remaining fund information of the City of west haven , Connecticut , as of June 30, 2016, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.

10 4 Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis and the schedules of funding progress and employer contributions - OPEB, the pension related schedules, and the budgetary comparison information be presented to supplement the basic financial statements. Such information, although not a 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.