COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR …

1 CITY OF SPRINGFIELD, illinois . COMPREHENSIVE ANNUAL FINANCIAL REPORT . year ENDED FEBRUARY 28, 2017. Prepared by: Office of Budget and Management William D. McCarty II. Director Office of Budget and Management CITY OF SPRINGFIELD, illinois . TABLE OF CONTENTS. INTRODUCTORY SECTION. Transmittal Letter i v Certificate of Achievement For Excellence in FINANCIAL Reporting vi Addendum to Transmittal Letter (Principal Officials, Organizational Chart, Department Functions) vii xxiv FINANCIAL SECTION. Independent Auditor's REPORT 1 3. Management's Discussion and Analysis MDA - 1 16. Basic FINANCIAL Statements: Government-Wide FINANCIAL Statements: Statement of Net Position Statement 1 4 5. Statement of Activities Statement 2 6 7. Fund FINANCIAL Statements: Government Funds: Balance Sheet Statement 3 8. Reconciliation of Total Governmental Fund Balances to the Net Position of Governmental Activities Statement 4 9. Statement of Revenues, Expenditures, and Changes in Fund Balances Statement 5 10.

2 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Governmental Activities in the Statement of Activities Statement 6 11. Proprietary Funds: Statement of Net Position Statement 7 12 13. Statement of Revenues, Expenses and Changes in Net Position Statement 8 14. Statement of Cash Flows Statement 9 15 16. Fiduciary Funds: Statement of Fiduciary Net Position Statement 10 17. Statement of Changes in Fiduciary Net Position Statement 11 18. Notes to FINANCIAL Statements 19 87. Required Supplementary Information: Schedule of Revenues, Expenditures and Changes in Fund Balance . Budget and Actual General Fund Exhibit 1 88 90. Schedule of Funding Progress: Exhibit 2. Retiree Health Plan 91. Schedule of Employer Contributions: Exhibit 3. illinois Municipal Retirement Fund (Regular) 92. illinois Municipal Retirement Fund (SLEP) 93. Police Pension Plan 94. Firefighters' Pension Plan 95.

3 Retiree Health Plan 96. Schedule of Changes in the Employer's Net Pension Liability and Related Ratios Exhibit 4. illinois Municipal Retirement Plan (Regular) 97. illinois Municipal Retirement Plan (SLEP) 98. Police Pension Plan 99. CITY OF SPRINGFIELD, illinois . TABLE OF CONTENTS. Firefighters' Pension Plan 100. Schedule of Investment Returns Exhibit 5 101. Notes to Required Supplementary Information 102 103. Combining and Individual Fund Statements and Schedules: Major Governmental Funds: General Fund: Combining Balance Sheet By Subfund Exhibit 6 104. Combining Schedule of Revenues, Expenditures and Changes in Fund Balances By Subfund Exhibit 7 105. Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual - Lincoln Library Fund General Fund Subfund Exhibit 8 106. Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual Capital Improvements Fund Exhibit 9 107. Nonmajor Governmental Funds: Combining Balance Sheet Exhibit 10 108 113.

4 Combining Statement of Revenues, Expenditures and Changes in Fund Balances Exhibit 11 114 119. Schedules of Revenues, Expenditures and Changes in Fund Balance Budget and Actual: Convention and Visitors Fund Exhibit 12 120. Motor Fuel Tax Fund Exhibit 13 121. Community Development Block Grant Fund Exhibit 14 122. Community Development Block Grant Home Program Fund Exhibit 15 123. Special Allocation Project Account Fund (Downtown TIF) Exhibit 16 124. State Drug Profit Forfeiture Fund Exhibit 17 125. Police Evidence Fund Exhibit 18 126. Federal Drug Profit Forfeiture Fund Exhibit 19 127. Police Law Enforcement Block Grant Fund Exhibit 20 128. Madison Park Place TIF Project Fund Exhibit 21 129. Police Laboratory Fund Exhibit 22 130. illinois Housing Exhibit 23 131. Enos Park TIF Project Fund Exhibit 24 132. Recycling Fee Fund Exhibit 25 133. Northeast TIF Project Fund Exhibit 26 134. Jefferson Crossing TIF Fund Exhibit 27 135. MacArthur TIF Exhibit 28 136.

5 Dirksen Parkway Redevelopment TIF Exhibit 29 137. Special Assessments Fund Exhibit 30 138. 1996 Capital Improvement Fund Exhibit 31 139. TIF South Grand Pointe Project Fund Exhibit 32 140. South Central Business District Exhibit 33 141. Capital Equipment Fund Exhibit 34 142. CITY OF SPRINGFIELD, illinois . TABLE OF CONTENTS (Continued). Nonmajor Enterprise Funds: Combining Statement of Net Position Exhibit 35 143. Combining Statement of Revenues, Expenses and Changes in Net Position Exhibit 36 144. Combining Statement of Cash Flows Exhibit 37 145 146. Oak Ridge Cemetery Fund: Combining Schedule of Net Position By Sub-Fund Exhibit 38 147. Combining Schedule of Revenues, Expenses and Changes In Net Position By Sub-Fund Exhibit 39 148. Combining Schedule of Cash Flows By Sub-Fund Exhibit 40 149. Schedules of Revenues and Expenses Budget (NonGAAP Basis) and Actual: Oak Ridge Cemetery Fund Exhibit 41 150. Sewer Fund Exhibit 42 151. Motor Vehicle Parking System Fund Exhibit 43 152.

6 Internal Service Funds: Combining Statement of Net Position Exhibit 44 153. Combining Statement of Revenues, Expenses and Changes in Net Position Exhibit 45 154. Combining Statement of Cash Flows Exhibit 46 155. Schedules of Revenues, Expenditures and Changes in Net Position Budget and Actual: Support Services Revolving Fund Exhibit 47 156. Unemployment Compensation Escrow Fund Exhibit 48 157. Self Insurance Fund Exhibit 49 158. Trust and Agency Funds: Combining Statement of Plan Net Position . Pension Trust Funds Exhibit 50 159. Combining Statement of Changes in Net Position . Pension Trust Funds Exhibit 51 160. Combining Statement of Assets and Liabilities . Agency Funds Exhibit 52 161. Combining Statement of Changes in Assets and Liabilities Exhibit 53 162. Capital Assets Used in the Operation of Governmental Funds: Schedule by Source Exhibit 54 163. Schedule of Changes by Function and Activity Exhibit 55 164. Schedule by Function and Activity Exhibit 56 165.

7 Supplemental Data: Schedule of Expenditures Budget and Actual . General Fund Exhibit 57 166 173. Schedules of Revenues and Expenses Budget and Actual: Electric Light and Power Fund Exhibit 58 174. Water Fund Exhibit 59 175. Schedule of Cash Receipts and Disbursements Restricted Accounts Required by Revenue Bond Ordinance: Electric Light and Power Fund Exhibit 60 176. Water Fund Exhibit 61 177. CITY OF SPRINGFIELD, illinois . TABLE OF CONTENTS (Continued). STATISTICAL SECTION (UNAUDITED). Table of Contents 178. FINANCIAL Trends: Net Position by Component Schedule A-1 179. Changes in Net Position Schedule A-2 180 182. Fund Balances Governmental Funds Schedule A-3 183. Changes in Fund Balances Governmental Funds Schedule A-4 184. Revenue Capacity: Revenue by Source Governmental Funds Schedule B-1 185. Significant Own Source Revenue Schedule B-2 186. Assessed Value and Actual Value of Taxable Property Schedule B-3 187. Direct and Overlapping Tax Rates Schedule B-4 188.

8 Property Tax Levies Direct and Overlapping Schedule B-5 189. Principal Property Tax Payers Schedule B-6 190. Taxable Sales by Category Schedule B-7 191. Property Tax Payment Calendar Schedule B-8 192. Debt Capacity: Ratios of Outstanding Debt by Type Schedule C-1 193. General Bonded Debt Capacity and Ratios Schedule C-2 194. Direct and Overlapping Governmental Activities Debt Schedule C-3 195. Pledged Revenue Coverage Schedule C-4 196 198. Demographic and Economic Information: Demographic and Economic Statistics Schedule D-1 199. Principal Employers Schedule D-2 200. Operating Information: Full-Time Equivalent City Employees by City Agency Schedule E-1 201. Operating Indicators by Agency Schedule E-2 202. Capital Assets Statistics by Agency Schedule E-3 203. INTRODUCTORY SECTION. OFFICE OF BUDGET AND MANAGEMENT. CITY OF SPRINGFIELD, illinois . WILLIAM D. MCCARTY II. DIRECTOR. September 25, 2017. Honorable Mayor Langfelder, Members of the City Council, and Citizens of the City of Springfield The COMPREHENSIVE ANNUAL FINANCIAL REPORT of the City of Springfield, illinois , for the year ended February 28, 2017, is hereby submitted.

9 Responsibility for both accuracy of the data, and the completeness and fairness of the presentation, including all disclosures, rests with the City. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to present fairly the FINANCIAL positions and result of operations of various funds of the City. All disclosures necessary to enable the reader to gain an understanding of the City's FINANCIAL activities have been included. The COMPREHENSIVE ANNUAL FINANCIAL REPORT is presented in three sections: introductory, FINANCIAL and statistical. The introductory section includes this transmittal letter and an addendum to the transmittal letter that includes a list of principal officials, the City's organizational chart and the descriptions of departmental functions. The FINANCIAL section includes the basic FINANCIAL statements and notes to FINANCIAL statement, as well as the auditors' opinion on the FINANCIAL statements and schedules.

10 The statistical section includes selected FINANCIAL and demographic information generally presented on a multi- year basis. As a recipient of various federal FINANCIAL assistance programs, the City of Springfield is required under the Federal Single Audit Act, to have an ANNUAL audit of certain major federal grant programs performed. Information related to this single audit, including a schedule of expenditures of federal awards, the independent auditors' reports on internal controls and compliance and other matters, with applicable laws and regulations, and a schedule of findings and questioned costs are included in a separately issued single REPORT . This REPORT includes all funds of the City. The City provides a full range of services, including police and fire protections; the construction and maintenance of highways, streets and infrastructure; cultural events; parking facilities and structures; electric generation; and water and sewer services.