King County navigation Bar (text navigation at bottom)
Link to Financial Management Section Link to Finance and Business Operations Division Link to Department of Executive Services
Link to Benefits and Retirement Section Link to Financial Management Section Link to Payroll Systems and Operations Section Link to Procurement and Contract Services Section Link to Treasury Operations Section

Comprehensive Annual Financial Report 2002
Adobe Acrobat Reader® software is required. Download, or click here for instructions. 
Alternative format available by e-mailing Dave.Turley@kingcounty.gov.
Introductory Section ""
19 pages (3071KB) View Entire Section
Cover Page (133KB)
Title Page
Letter of Transmittal (7 pages, 329KB)
Organization Chart - Year 2003 (1547KB)
Financial Section ""
20 pages (999KB) View Entire Section
Independent Auditor's Report (362KB)
 Management's Discussion and Analysis (1025KB)

Basic Financial Statement
15 pages (1167KB) View Entire Section
  Government-wide Financial Statements:
           Statement of Net Assets
           Statement of Activities
  Fund Financial Statements:
           Balance Sheet - Governmental Funds
           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
           General Fund - Statement of Revenues, Expenditures, and Changes in          Fund Balances - Budget and Actual
           Public Health Fund - Statement of Revenues, Expenditures, and                    Changes in Fund Balances - Budget and Actual
           Statement of Net Assets - Proprietary Funds
           Statement of Revenues, Expenditures, 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

85 pages (3400KB) View Entire Section
Notes to Financial Statements:
          Note 1 - Summary of Significant Accounting Policies (16 pages, 178KB)
          Note 2 - Reconciliations of Countywide and Fund Financial Statements
          Note 3 - Stewardship, Compliance, and Accountability
          Note 4 - Deposits with Financial Institutions, Investments, and Reverse
                     Repurchase Agreements
          Note 5 - Property Taxation
          Note 6 - Capital Assets
          Note 7 - Defined Benefit Pension Plans
          Note 8 - Post-retirement Health Care Benefits
          Note 9 - Risk Management
          Note 10 - Leases
          Note 11 - Landfill Closure and Post-closure Care Costs
          Note 12 - Debt (11 pages, 982KB)
          Note 13 - Interfund Receivables, Payables, and Transfers
          Note 14 - Restrictions, Reserves, Designations, and Changes in Equity
          Note 15 - Legal Matters/Contingent Liabilities
  Required Supplementary Information:
  Condition Assessments and Preservation of Infrastructure Ineligible for Modified Approach

Combining and Individual

Governmental Funds
76 pages (3314KB) View Entire Section
  Nonmajor Governmental Funds Combining Statements:
  Fund Descriptions
  Combining Balance Sheet
  Subcombining Balance Sheets:
           Special Revenue Funds
           Debt Service Funds
           Capital Projects Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
Subcombining Statement of Revenues, Expenditures, and Changes in Fund Balances:
           Special Revenue Funds
           Debt Service Funds
           Capital Projects Funds
  Governmental Funds with Annual Budgets - Schedule of Annual Budgets and Expenditures (Budgetary Basis) and Encumbrances by Appropriation Unit
  Individual Governmental Funds:
  Budgetary Comparison Schedules:
      General Fund
      Public Health Fund
      Nonmajor Governmental Funds with Annual Budgets
          Special Revenue:
                 Alcoholism and Substance Abuse Services Fund
                 Arts and Cultural Development Fund
                 Automated Fingerprint Identification System Fund
                 Bridge Replacement Fund
                 Clark Contract Administration Fund
                 County Road Fund
                 Criminal Justice Fund
                 Development and Environmental Services Fund
                 Developmental Disabilities Fund
                 Emergency Medical Services Fund
                 Enhanced 911 Emergency Telephone System Fund
                 Intercounty River Improvement Fund
                 Local Hazardous Waste Fund
                 Logan/Knox Settlement Fund
                 Mental Health Fund
                 Noxious Weed Control Fund
                 Recorder's Operation and Maintenance Fund
                 River Improvement Fund
                 Surface Water Management Fund
                 Veterans' Relief Fund
                 Youth Employment Programs Fund
                 Youth Sports Facilities Grant Fund
  Debt Service Funds
           Limited General Obligation Bond Redemption Fund
           Stadium General Obligation Bond Redemption Fund
           Unlimited General Obligation Bond Redemption Fund
  General Fund Comparative Balance Sheets - 2002 and 2001
  Capital Projects Funds
       Balance Sheets (Legal Basis)
           Building Repair and Replacement
           Technology 1997 Bonds
           Technology Systems Capital
       Schedules of Revenues, Expenditures, and Changes in Fund Balance      (Legal Basis)
           Building Repair and Replacement
           Technology 1997 Bonds
           Technology Systems Capital

Proprietary Funds
26 pages (2647KB) View Entire Section
  Enterprise Funds
  Nonmajor Enterprise Funds
       Fund Descriptions
           Combining Statement of Net Assets
           Combining Statement of Revenues, Expenses, and Changes in Fund Net          Assets
           Combining Statement of Cash Flows
  Supplementary Information
           Enterprise Funds with Annual Budgets - Schedule of Annual Budgets          and Expenditures (Budgetary Basis) and Encumbrances by          Appropration Unit
  Internal Service Funds
       Fund Descriptions
           Combining Statement of Net Assets
           Combining Statement of Revenues, Expenses, and Changes in Fund Net          Assets
           Combining Statement of Cash Flows
  Supplementary Information
           Internal Service Funds with Annual Budgets - Schedule of Annual          Budgets and Expenditures (Budgetary Basis) and Encumbrances by          Appropriation Unit
  Information and Telecommunications Services Fund
           Combining Schedule of Net Assets
           Combining Schedule of Revenues, Expenses, and Changes in Fund Net          Assets
           Combining Schedule of Cash Flows

Trust and Agency Funds
14 pages (983KB) View Entire Section
  Investment Trust Funds
           Fund Descriptions
           Combining Statement of Net Assets
           Combining Statement of Changes in Net Assets
  Agency Funds
           Fund Descriptions
           Combining Statement of Fiduciary Assets and Liabilities
Statistical Section ""
20 pages (1826KB) View Entire Section
  Government-wide Expenditures by Function
  Government-wide Revenues
  General Governmental Expenditures By Function
  General Revenues by Source
  Property Tax Levies and Collections
  Assessed and Estimated Actual Value of Taxable Property
  Direct and Overlapping Governments' Property Tax Rates
  Special Assessment Collections
  Special Taxes and Revenue Collections
  Ratio of Net General Bonded Debt per Capita
  Computation of Legal Debt Margin
  Computation of Direct and Overlapping Debt
  Ratio of Annual Debt Service Expenditures to Total Expenditures
  Revenue Bond Coverage - Water Quality Enterprise Bonds
  Additional Coverage Ratios
  Ten Largest Customers of the Water Quality Enterprise
  Demographic Statistics
  Property Value, Construction, Bank Deposits, and Taxable Retail Sales
  Principal Taxpayers
  Miscellaneous Statistics
Prepared By ""

Department of Executive Services
Finance and Business Operations Division
Financial Management Section

For comments or questions, contact:

 Dave Turley, C.P.A., M.P.A.
Financial Accounting Supervisor
King County Administration Building
500 Fourth Avenue, Room 653
Seattle, WA 98104-2337
Phone: (206) 296-7318
Dave.Turley@kingcounty.gov

Benefits & Retirement |  Financial Management |  Payroll  | Procurement |  Treasury |
Finance and Business Operations Division | Department of Executive Services

King County | News | Services | Comments | Search

Links to external sites do not constitute endorsements by King County.
By visiting this and other King County web pages,
you expressly agree to be bound by terms and conditions of the site.
The details.