CITY OF TUKWILA: <strong>2012</strong> CAFRBASIC FINANCIAL STATEMENTSCITY OF TUKWILA, WASHINGTONSTATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCESGOVERNMENTAL FUNDSFOR THE YEAR ENDED DECEMBER 31, <strong>2012</strong>LAND ACQ. OTHER TOTALGENERAL ARTERIAL REC & PARK GOVERNMENTAL GOVERNMENTALFUND STREET DEVELOPMENT FUNDS FUNDSREVENUES:TAXES $ 39,840,364 $ 523,084 $ 617,105 $ 522,056 $ 41,502,609LICENSES AND PERMITS 1,604,594 - - - 1,604,594INTERGOVERNMENTAL 4,708,774 1,006,599 410,888 1,762,886 7,889,147CHARGES FOR SERVICES 2,184,369 846,240 52,229 891,518 3,974,356FINES AND FORFEITURES 220,752 - - - 220,752INVESTMENT EARNINGS 64,418 3,153 2,678 36,036 106,286MISCELLANEOUS 71,159 43,271 - 17,547 131,977TOTAL REVENUES 48,694,430 2,422,347 1,082,901 3,230,044 55,429,722EXPENDITURES:CURRENT:GENERAL GOVERNMENT 8,344,177 - - 160,334 8,504,511PUBLIC SAFETY 24,907,510 - - 10,796 24,918,306PHYSICAL ENVIRONMENT 1,673,956 - - 1,348,560 3,022,516TRANSPORTATION 2,682,877 86,305 - - 2,769,182ECONOMIC ENVIRONMENT 3,394,823 - - 1,373,121 4,767,944CULTURE AND RECREATION 3,361,825 - 11,175 - 3,373,000DEBT SERVICE:PRINCIPA L - - - 2,254,200 2,254,200INTEREST - - - 1,178,464 1,178,464CAPITAL OUTLAY 273,560 9,709,676 1,377,494 738,564 12,099,293TOTAL EXPENDITURES 44,638,728 9,795,981 1,388,669 7,064,039 62,887,416EXCESS (DEFICIENCY) OF REVENUESOVER (UNDER) EXPENDITURES 4,055,702 (7,373,634) (305,768) (3,833,995) (7,457,694)OTHER FINANCING SOURCES (USES):SALES OF CAPITAL ASSETS 9,903 - - - 9,903TRANSFERS IN (Note 5) 2,330,665 1,314,132 - 3,980,995 7,625,792TRANSFERS OUT (Note 5) (5,619,148) (386,563) (32,016) (136,631) (6,174,358)LOAN TO TUKWILA MPD (658,706) - - - (658,706)TOTAL OTHER FINANCINGSOURCES AND USES (3,937,286) 927,569 (32,016) 3,844,364 802,631NET CHANGE IN FUND BALANCES 118,416 (6,446,065) (337,784) 10,369 (6,655,064)FUND BALANCES - BEGINNING 8,260,141 6,929,396 1,427,972 8,186,976 24,804,485FUND BALANCES - ENDING $ 8,378,557 $ 483,331 $ 1,090,188 $ 8,197,345 $ 18,149,421The notes to <strong>the</strong> financial statements are an integral part <strong>of</strong> this statement.38
CITY OF TUKWILA: <strong>2012</strong> CAFRBASIC FINANCIAL STATEMENTSCITY OF TUKWILA, WASHINGTONRECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES INFUND BALANCES OF GOVERNMENT FUNDS TO THE STATEMENT OF ACTIVITIESFOR THE YEAR ENDED DECEMBER 31, <strong>2012</strong>Net change in fund balances per <strong>the</strong> Statement <strong>of</strong> Revenues, Expenditures, and Changes in Fund Balances $ (6,655,064)Amount reported as change in net position in <strong>the</strong> Statement <strong>of</strong> Activities are different because:Governmental funds report capital outlays as expenditures. However, in <strong>the</strong> statement<strong>of</strong> activities <strong>the</strong> cost <strong>of</strong> those assets is allocated over <strong>the</strong>ir estimated useful lives andreported as depreciation expense. In <strong>the</strong> current period, <strong>the</strong>se amounts are:Capital Outlay 12,099,298Depreciation Expense (6,548,605)Excess <strong>of</strong> Capital Outlay Over Depreciation Expense 5,550,693The net pension asset (negative net pension obligation) amortization amount is not a financialresource and <strong>the</strong>refore not reported in <strong>the</strong> funds. 26,520The <strong>City</strong> has equity interests in two joint ventures. The equity interests for <strong>the</strong> provision <strong>of</strong> governmental (371,958)services are not current financial resources and <strong>the</strong>refore are not reported in <strong>the</strong> funds.Repayment <strong>of</strong> long-term debt is reported as an expenditure in governmental funds, but <strong>the</strong> repaymentreduces long-term liabilities in <strong>the</strong> statement <strong>of</strong> net assets. In <strong>the</strong> current year, <strong>the</strong>se amountsconsist <strong>of</strong>:Bond Principal Retirement 2,290,091Amortization Expense 50,9712,341,063Internal service funds are used by management to charge <strong>the</strong> costs <strong>of</strong> certain activitiesto individual funds. The net revenue (expense) <strong>of</strong> certain internal service funds is reported withgovernmental activities. 17,488Because some revenues will not be collected for several months after <strong>the</strong> <strong>City</strong>'s fiscal year ends,<strong>the</strong>y are not considered "available" revenues in <strong>the</strong> government funds. Deferred revenuesdecreased by this amount this year. (280,533)Some expenses reported in <strong>the</strong> Statement <strong>of</strong> Activities do not require <strong>the</strong> use <strong>of</strong> currentfinancial resources and <strong>the</strong>refore are not reported as expenditures in governmental funds.These activities consist <strong>of</strong>:Decrease in Accrued Interest 10,251Increase in Compensated Absences (175,287)Increase in Unfunded O<strong>the</strong>r Post Employment Benefits (790,163)Amortization <strong>of</strong> Cost <strong>of</strong> issuance (34,822)Decrease in inventory (167,010)Total Additional Expense (Increase) Decrease (1,157,030)Due from Component UnitLoan Principal 658,706Interest 10,408669,114Change in net assets on <strong>the</strong> Statement <strong>of</strong> Activities $ 140,293The notes to <strong>the</strong> financial statements are an integral part <strong>of</strong> this statement.39