2019 Comprehensive Annual Financial Report (CAFR)

Construction Commitments The City has construction commitments on capital projects at June 30, 2019 as follows:

Governmental Funds: Special Revenue

$

2,246,050 53,614,190 55,860,240

Capital Projects

Total Governmental Funds

Enterprise Funds:

Water Resources

71,598,223

Stormwater Management

306,967

Coliseum

21,506,871 1,134,679

Other Enterprise

GTAC

51,570

Total Enterprise Funds

94,598,310

$

150,458,550

Activity for ABC Board for the year ended June 30, 2019, was as follows:

Beginning Balance

Increases

Decreases Ending Balance

Capital Assets, Non-depreciable: Land

$ 1,784,586 $ 2,394,595

$

$ 4,179,181

Capital Assets, Depreciable: Buildings Improvements Other Than Buildings Furniture, Fixtures, Machinery and Equipment Total Capital Assets, Depreciable Less Accumulated Depreciation/Amortization for: Buildings Improvements Other Than Buildings Furniture, Fixtures, Machinery and Equipment Total Accumulated Depreciation

4,784,477 521,205 2,611,536 7,917,218

1,810,855

(9,055)

6,586,277 521,205 2,814,199 9,921,681

219,704 2,030,559

(17,041) (26,096)

(1,243,726) (447,610) (1,971,748) (3,663,084)

(124,381) (31,196) (252,746) (408,323)

17,041

(1,351,066) (478,806) (2,224,494) (4,054,366)

17,041

Total Capital Assets, Depreciable-Net

4,254,134

1,622,236

(9,055)

5,867,315

ABC Board Capital Assets, Net

$ 6,038,720 $ 4,016,831 $ (9,055) $ 10,046,496

D. Closure and Postclosure Care Cost – White Street Landfill The City owns and operates a regional landfill site located in the northeast portion of the City. State and federal laws require the City to place a final cover on its White Street landfill site and to perform certain maintenance and monitoring functions at the site for thirty years after closure. The City reports a portion of these closure and postclosure care costs as an operating expense in each period based on landfill capacity used as of each June 30. The $27,160,557 reported as landfill closure and postclosure care liability at June 30, 2019 is based on 100% use of the estimated capacity of Phase II and Phase III, Cells 1 and 2. Phase III, Cell 3 is estimated at 57.5% of capacity. 37v