Finance and Business Operations- King County

Comprehensive Annual Financial Report 2004

Comprehensive Annual Financial Report 2004

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Introductory Section

18 pages (1033KB)

Cover Page (8KB)
Title Page

Table of Contents

Letter of Transmittal (8 pages, 941KB)

Government Finance Officers Association "Certificate of Achievement for Excellence in
Financial Reporting" Award

Organization Chart - Year 2005 (21KB)

Elected Officials

Financial Section

22 pages (1903KB)

Independent Auditor's Report (215KB)
Management's Discussion and Analysis (19 pages, 3657KB)

15 pages (996KB)

	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 Balance - Budget and Actual
	Public Health Fund - Statement of Revenues, Expenditures, and Changes in Fund Balance - 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
	Statement of Net Assets - Component Units
	Statement of Activities - Component Units

89 pages (5102KB)

	Notes to the Financial Statements:
	Note 1 - Summary of Significant Accounting Policies (17 pages, 2256KB)
	Note 2 - Reconciliations of Government-wide 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 - Restricted Assets
	Note 8 - Defined Benefit Pension Plans
	Note 9 - Post-retirement Healthcare Benefits
	Note 10 - Risk Management
	Note 11 - Leases
	Note 12 - Landfill Closure and Post-closure Care Costs
	Note 13 - Debt (12 pages, 1151KB)
	Note 14 - Interfund Balances and Transfers
	Note 15 - Restrictions, Reserves, Designations, and Changes in Equity
	Note 16 - Legal Matters/Contingent Liabilities
	REQUIRED SUPPLEMENTARY INFORMATION:
	Condition Assessments and Preservation of Infrastructure Eligible for Modified Approach

COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES AND
SUPPLEMENTARY INFORMATION

76 pages (2715KB)

	Nonmajor Governmental Funds:
	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 Statements 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
	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
	Parks and Recreation
	Recorder's Operation and Maintenance Fund
	Risk Abatement Fund
	River Improvement Fund
	Surface Water Management Fund
	Veterans' Relief Fund
	Youth Employment Programs Fund
	Youth Sports Facilities Grant Fund
	Debt Service
	Limited General Obligation Bond Redemption Fund
	Stadium General Obligation Bond Redemption Fund
	Unlimited General Obligation Bond Redemption Fund
	General Fund Comparative Balance Sheets - 2004 and 2003
	Nonmajor Capital Projects Funds:
	Balance Sheets (Legal Basis)
	Office of Information Resource Capital
	Technology Systems Capital
	Schedules of Revenues, Expenditures, and Changes in Fund Balance (Legal Basis)
	Office of Information Resource Capital
	Technology Systems Capital

26 pages (1176KB)

	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 - Schedule of Annual Budgets and Expenditures (Budgetary Basis) and Encumbrances by Appropriation 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 - Schedule of Annual Budgets and Expenditures (Budgetary Basis) and Encumbrance's 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

22 pages (833KB)

	Investment Trust Funds:
	Fund Descriptions
	Combining Statement of Net Assets
	Combining Statement of Changes in Net Assets
	Agency Funds:
	Fund Descriptions
	Combining Statement of Changes In Assets and Liabilities

Statistical Section

20 pages (729KB)

	Government-wide Expenses 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 Revenues 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

Contact information:

		Web	www.kingcounty.gov/operations/Finance/FMServices.aspx
		Call	206-296-7341(711 TTY)
		Fax	206-296-7303
		E-mail	DOFweb.finance@kingcounty.gov
		Address	King County Department of Executive Services
			Finance and Business Operations Division
			Financial Management Section
			Manager: Pete Anthony
			ADM-ES-0653
			500 Fourth Ave.
			Seattle, WA 98104 - 1598
			Office hours:8 a.m.- 5 p.m.