For the Fiscal Year Ended September 30, 2008
Finance Home Page
Complete
Document
County of Volusia, Florida Comprehensive Annual Financial
Report
For the Fiscal Year Ended September 30, 2008
INTRODUCTORY SECTION
Title Page
Acknowledgements
Table of Contents
Letter of Transmittal
Certificate of Achievement for Excellence in Financial Reporting
Principal County Officials
County Council
Organization
Chart
Independent Auditors Report
Managements Discussion and Analysis
Basic Financial Statements:
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
Statement of Revenues, Expenditures, and Changes in Fund
Balances Budget and Actual General Fund
Statement of Revenues, Expenditures, and Changes in Fund
Balances Budget and Actual Municipal Service District
Statement of Revenues, Expenditures, and
Changes in Fund Balances Budget and Actual
Federal and State Grants
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
Statement of Net Assets Component
Units
Statement of Activities Component
Units
Notes to the Financial
Statements
Required Supplementary Information:
Volunteer Firefighters Pension
Plan
Other Post-Employment Pension
Plan
Supplementary Information:
Combining Balance Sheet Nonmajor
Governmental Funds
Special Revenue
Funds
Debt Service
Funds
Capital Projects
Funds
Combining Balance Sheet All Nonmajor
Governmental Funds
Combining Statement of Revenues,
Expenditures, and Changes in
Fund Balances Nonmajor Governmental Funds
Special Revenue
Funds
Debt Service
Funds
Capital Projects
Funds
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
All Nonmajor Governmental
Funds
Schedule of Revenues, Expenditures, and Changes in
Fund Balances Budget and Actual
Special Revenue Funds:
County Transportation
Trust
Library
East Volusia Mosquito
Control District
Resort Tax
Sales Tax
Trust
Convention Development
Tax
Ponce Inlet Port
Authority
E-911 Emergency
Telephone
System
Special Lighting
Districts
Ocean Center
Manatee
Conservation
Road Impact
Fees
Park Impact
Fees
Fire
Services
Fire Impact
Fees
Silver Sands/Bethune
Beach Municipal Service
District
Stormwater
Utility
Volusia
ECHO
Volusia Forever
Law/Beach Enforcement
Trust
Federal Forfeiture
Sharing
State Housing Incentive
Program (S.H.I.P.)
Hurricane Housing Recovery Program (H.H.R.P.)
Debt Service Funds:
Limited Tax General
Obligation
Bonds
Gas Tax Revenue Bonds
Tourist Development Tax
Refunding Revenue Bonds
Lease Purchase
Agreements
Schedule of Revenues,
Expenditures, and Changes in
Fund Balances Budget and Actual From Inception
Capital Projects Funds:
Volusia
Forever
Ocean Center Expansion
Volusia County Courthouse
Construction
Beach
Trails
Information
Technology
Deltona Library Expansion
Other
Major Debt Project Funds:
Subordinate Lien Sales Tax Revenue Bonds
Major Capital Project Funds:
Bond Funded Road
Program
Internal
Service Funds
Combining Statement of
Net Assets Internal Service
Funds
Combining Statement of
Revenues, Expenses, and Changes in
Fund Net Assets Internal Service
Funds
Combining Statement of
Cash Flows Internal Service
Funds
Agency
Funds
Schedule of Changes in
Assets and Liabilities All Agency
Funds
STATISTICAL SECTION
Statistical Section Table of
Contents
Schedule 1 Primary
Government Net Assets By Component Last Eight Fiscal Years
Schedule 2 Changes in Net
Asserts Last Eight Fiscal
Years
Schedule 3 Fund Balances
Governmental Funds Last Ten Fiscal
Years
Schedule 4 Changes in Fund
Balances Governmental Funds Last Ten Fiscal Years
Schedule 5 Assessed Value
and Actual Value of Taxable Property Last Ten Fiscal Years
Schedule 6 Direct and
Overlapping Property Tax Rates Last Ten Fiscal
Years
Schedule 7 Principal
Property Taxpayers Current Year and Nine Years
Ago
Schedule 8 Property Tax
Levies and Collections Last Ten Fiscal
Years
Schedule 9 Ratios of
Outstanding Debt By Type Last Ten Fiscal
Years
Schedule 10 Ratios of Net
General Bonded Debt Outstanding Last Ten Fiscal Years
Schedule 11 Computation of
Direct And Overlapping Debt
September
30, 2008
Schedule 12 Legal Debt
Margin Information September 30,
2008
Schedule 13 Pledged Revenue Coverages Last Ten Fiscal
Years
Schedule 14 Demographic
Statistics Last Ten Fiscal
Years
Schedule 15 Principal Employers
Current Year And Five Years
Ago
Schedule 16 Full-Time
Equivalent County Government Employees by Function/Program
Last
Nine Fiscal Years
Schedule 17 Operating
Indicators By Function/Program Last Five Fiscal
Years
Schedule 18 Capital Asset
Statistics By Functional Department Last Five Fiscal Years
COMPLIANCE SECTION
Report
on Internal Control Over Financial Reporting and on Compliance and Other Matters
Based on an Audit of Financial Statements Performed in Accordance
with Government Auditing Standards.
Schedule
of Expenditures of Federal Awards and State Financial
Assistance
Schedule of Findings and Questioned Costs for the
Year Ended September, 30, 2008
Schedule
of Passenger Facility Charges (PFC) Collected and
Expended
Report on Compliance with Requirements
Applicable to Each Major Federal Program,
Each Major State Project, and Passenger Facility
Charge Program and on Internal Control
Over Compliance in Accordance with OMB
Circular A-133, Chapter 10.550,
Rules of the Auditor General, and Passenger
Facility Charge
Audit Guide for Public Agencies
Management Letter of Independent Auditors Required by Chapter 10.550,
Rules of the Auditor
General
Management Responses to Internal Control over
Financial Reporting