Pick a company of your choice and get the financial statements of the most recent 3 years.

There is a Part 1 and a Part 2 to the assignment. The company name is Dekalb County Government. I have attached the following documents below:

DeKalb County Comprehensive Annual Financial Report
TABLE OF CONTENTS (Continued)
2020
Page
Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Major Special
Revenue Funds- Special Tax District – Designated Services …………………………………………………………………………………. 38
Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Major Special Revenue
Funds-Special Tax District – Unincorporated ……………………………………………………………………………………………………….. 38
Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Major Special Revenue
Funds- Special Tax District – Police Services ………………………………………………………………………………………………………. 38
Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Major Special Revenue
Funds- Special Tax District – Fire ……………………………………………………………………………………………………………………….. 39
Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Major Special Revenue
Funds- Special Tax District – Grant – COVID19 …………………………………………………………………………………………………… 39
Proprietary Funds Financial Statements:
Statement of Net Position ………………………………………………………………………………………………………………………………….. 40
Statement of Revenues, Expenses, and Changes in Net Position…………………………………………………………………………… 42
Statement of Cash Flows …………………………………………………………………………………………………………………………………… 43
Fiduciary Funds Financial Statements:
Statement of Fiduciary Net Position…………………………………………………………………………………………………………………….. 44
Statement of Changes in Fiduciary Net Position …………………………………………………………………………………………………… 45
Component Units Financial Statements:
Statement of Net Position ………………………………………………………………………………………………………………………………….. 46
Statement of Activities ………………………………………………………………………………………………………………………………………. 47
Notes to the Financial Statements ………………………………………………………………………………………………………………………………………….. 48
DeKalb County Comprehensive Annual Financial Report
TABLE OF CONTENTS (Continued)
2020
Page
Required Supplemental Information:
Pension Plan:
Unaudited Schedule of Changes in Net Pension Liability and Related Ratios……………………………………………………………….. 95
Unaudited Schedule of County Contributions ……………………………………………………………………………………………………………. 96
Unaudited Schedule of Pension Investment Returns …………………………………………………………………………………………………. 97
Other Postemployment Benefits (OPEB):
Unaudited Schedule of Changes in the County’s Total OPEB Liability and Related Ratio ………………………………………….. 98
Combining Statements and Schedules:
Nonmajor Governmental Funds:
Combining Balance Sheet …………………………………………………………………………………………………………………………………. 99
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances ……………………………………………….. 100
Nonmajor Special Revenue Funds:
Combining Balance Sheet ……………………………………………………………………………………………………………………………….. 101
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Deficits) ………………………………….. 104
Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual – Nonmajor
Special Revenue Funds ……………………………………………………………………………………………………………………….. 107
Nonmajor Debt Service Funds
Combining Balance Sheet ……………………………………………………………………………………………………………………………….. 113
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances ………………………………………………. 114
2020
DeKalb County Comprehensive Annual Financial Report
Awards
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in
Financial Reporting to DeKalb County for its annual comprehensive financial report for the fiscal year ended December 31, 2019. This was the 45th
consecutive year that the government has received this prestigious award. In order to be awarded a Certificate of Achievement, a government must
publish an easily readable and efficiently organized annual comprehensive financial report. This report must satisfy both generally accepted
accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our current annual comprehensive financial report continues to
meet the Certificate of Achievement Program’s requirements and we are submitting it to the GFOA to determine its eligibility for another certificate.
Acknowledgments
The preparation of this report has been accomplished through the efficient and dedicated efforts of the entire staff of the Finance Department,
particularly the Accounting Services Division, as well as the Projects and Grants Division relating to the Single Audit, and through the cooperation
of the various county departments and elected officials. I wish to express my sincere appreciation to everyone who contributed to the preparation of
this report.
Respectfully submitted,
Dianne McNabb, CPA
Chief Financial Officer
6
2020
DeKalb County Comprehensive Annual Financial Report
7
2020
DeKalb County Comprehensive Annual Financial Report
ORGANIZATIONAL CHART
8
2020
DeKalb County Comprehensive Annual Financial Report
PRINCIPAL OFFICIALS
Michael L. Thurmond, Chief Executive Officer
Robert Patrick, Board of Commissioner – District One
Jeff Rader, Board of Commissioner – District Two
Larry Johnson, Board of Commissioner – District Three
9
2020
DeKalb County Comprehensive Annual Financial Report
Steve Bradshaw – Board of Commissioner – District Four
Mereda Davis Johnson – Board of Commissioner – District Five
Edward “Ted” Baker, Board of Commissioner – District Six
Lorraine Cochran – Johnson, Board of Commissioner – District Seven
Zachary L. Williams – Executive Assistant and Chief Operating Officer
10
2020
DeKalb County Comprehensive Annual Financial Report
Department of Finance
Zachary L. Williams, Chief Operating Officer
Dianne McNabb, Chief Financial Officer
Preston L. Stephens, Interim Assistant Finance Director
Larry C. Jacobs, Deputy Director for Risk Management and Employee Services
Lynette Ferguson, Deputy Director for Utility Customer Operations
Deborah Sherman, Deputy Director for Grants
Lisa Williams, Controller
Bob Atkins, Treasurer
11
2020
DeKalb County Comprehensive Annual Financial Report
Accounting Services Division
Lisa Williams, Controller
Tamara Ellison, Accounting Services Manager
Denise Moore, Accountant
Audrey Moye, Accountant
Deborah Parker, Accountant
Monique Thomas, Accountant
12
DeKalb County Comprehensive Annual Financial Report
2020
FINANCIAL SECTION
INDEPENDENT AUDITORS’ REPORT
MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED)
BASIC FINANCIAL STATEMENTS
I l 11
INDEPENDENT AUDITORS’ REPORT
The Chief Executive Officer and Members of the Board of Commissioners
of DeKalb County,
Decatur, Georgia
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the business-type activities, the aggregate discretely
presented component units, each major fund, and the aggregate remaining fund information of DeKalb County, Georgia (the “County”), as of and for the
year ended December 31, 2020, and the related notes to the financial statements, which collectively comprise the County’s basic financial statements as
listed in the table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally
accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of the DeKalb
County Board of Health, which represents 74%, 62%, and 61%, respectively, of the assets and deferred outflows of resources, net position deficit, and
revenues of the aggregate discretely presented component units. We also did not audit the financial statements of the DeKalb County General Employees’
Pension Trust Fund, which represents 67%, 74%, and 10%, respectively, of the assets and deferred outflows of resources, fund equity, and
revenues/additions of the aggregate remaining fund information. Those statements were audited by other auditors whose reports have been furnished to
us, and our opinion, insofar as it relates to the amounts included for the DeKalb County Board of Health and the DeKalb County General Employees’
Pension Trust Fund, is based solely on the reports of the other auditors. We conducted our audit in accordance with auditing standards generally accepted
in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller
General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free from material misstatement.
200 GALLERIA PARKWAY S.E., SUITE 1700 • ATLANTA, GA 30339-5946 • 770-955-8600 • 800-277-0080 • FAX 770-980-4489 • www.mjcpa.com
Members of The American Institute of Certified Public Accountants
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures
selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud
or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial
statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting
policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the
financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Opinions
In our opinion, based on our audit and the reports of other auditors, the financial statements referred to above present fairly, in all material respects,
the respective financial position of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major
fund, and the aggregate remaining fund information of DeKalb County, Georgia, as of December 31, 2020, and the respective changes in financial position
and, where applicable, cash flows thereof and the budgetary comparisons for the General Fund, the Special Tax District –Designated Services Fund, the
Special Tax District – Unincorporated Fund, the Special Tax District – Police Services Fund, the Grant-COVID19 Fund, and the Fire Fund for the year then
ended in accordance with accounting principles generally accepted in the United States of America.
Emphasis of Matter
As discussed in Note 18, DeKalb County implemented Governmental Accounting Standards Board (GASB) Statement No. 84, Fiduciary Activities, as
of January 1, 2020. This standard significantly changed the accounting for DeKalb County’s activities previously reported as agency funds. Our opinions are
not modified with respect to this matter.
14
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Management’s Discussion and Analysis (on pages 17
through 29), the Schedule of Changes in the County’s Net Pension Liability and Related Ratios (on page 95), the Schedule of County Contributions (on
page 96), the Schedule of Pension Investment Returns (on page 97), and the Schedule of Changes in the County’s Total Other Postemployment Benefits
(OPEB) Liability and Related Ratios (on page 98), be presented to supplement the basic financial statements. Such information, although not a part of the
basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for
placing the basic financial statements in an appropriate operational, economic, or historical context. We and other auditors have applied certain limited
procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which
consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s
responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not
express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an
opinion or provide any assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the County’s basic financial
statements. The combining fund statements and schedules, including the schedule of expenditures of special purpose local option sales tax proceeds, as
required by the Official Code of Georgia 48-8-121, and the introductory and statistical sections are presented for purposes of additional analysis and are not
a required part of the basic financial statements.
The combining fund statements and schedules, including the schedule of expenditures of special purpose local option sales tax proceeds, are the
responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial
statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional
procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic
financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally
accepted in the United States of America. In our opinion, the combining fund statements and schedules are fairly stated, in all material respects, in relation
to the basic financial statements as a whole.
15
The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and,
accordingly, we do not express an opinion or provide any assurance on them.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated August 30, 2021 on our consideration of the County’s
internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and
other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the
results of that testing, and not to provide an opinion on the effectiveness of the County’s internal control over financial reporting or on compliance. That
report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the County’s internal control over financial
reporting and compliance.
Atlanta, Georgia
August 30, 2021
16
2020
DeKalb County Annual Comprehensive Financial Report
Management’s Discussion and Analysis
As management of DeKalb County (“DeKalb “or the “County”), we offer readers of the County’s financial statements this narrative overview and analysis of
the financial activities of the County for the year ended December 31, 2020. This discussion is intended to: 1) assist the reader in understanding significant
financial issues; 2) provide an overview of the County’s financial activities; 3) identify changes in the County’s financial position; 4) identify material deviations
from the original budget; and 5) identify individual fund issues or concerns. We encourage readers to consider the information presented within this section in
conjunction with additional information that we have furnished in the financial statements and the notes to the financial statements.
Overview of the Financial Statements
This document is arranged in the following format:
The County’s basic audited financial statements are comprised of three components: 1) government-wide financial statements; 2) fund financial statements;
and 3) notes to the financial statements. This report also contains required supplementary information.
Government-wide financial statements: The government-wide financial statements are designed to provide readers with a broad overview of the
County’s finances, in a manner similar to a private-sector business reporting. All governmental and business-type activities are combined to arrive at a total
for the primary government. There are two government-wide statements, the statement of net position and the statement of activities, which are produced
using the accrual basis of accounting. Additional information on the accrual basis of accounting can be found in Note 1 on page 48 of this report.
17
2020
DeKalb County Annual Comprehensive Financial Report
The statement of net position presents information on all of the County’s assets and deferred outflows of resources, and liabilities and deferred inflows of
resources (for all fund types except fiduciary), with the difference between these reported as net position. Increases or decreases in net position serve as a
useful indicator of whether the financial position of the County is improving or deteriorating. This statement combines the governmental funds’ current financial
resources (short-term) with capital assets, deferred outflows of resources and long-term liabilities and deferred inflows of resources.
The statement of activities presents information showing how the County’s net position changed during the most recent fiscal year. The format of this statement
is very different from a traditional “income statement”. The format is intended to portray the extent to which governmental activities are funded by taxes and
the extent to which business-type activities are supported by the revenues they generate. The statement presents all underlying events giving rise to the
changes in net position, regardless of the timing of the related cash flows. Thus, revenues and expenses are reported in this statement for some items that
will result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave).
Each of the government-wide financial statements distinguish functions of the County that are principally supported by taxes and intergovernmental revenues
(governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (businesstype activities). The governmental activities of the County include general government, public safety, civil and criminal court system, planning and development,
public works, human services and community development, parks and recreation, library, and health and welfare activities. The business-type activities of the
County include water, sewer, sanitation, DeKalb Peachtree Airport, and stormwater.
The government-wide financial statements include DeKalb County itself (known as the primary government), but also a legally separate Board of Health and
the Public Library Board for which the County is financially accountable. Financial information for these component units is reported separately from the
financial information presented for the primary government itself.
The government-wide financial statements can be found on pages 30 and 31 of this report. The component unit combining statements are on pages 46 and
47.
Fund financial statements: A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific
activities or objectives. DeKalb County, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with financerelated legal requirements. All of the funds of DeKalb County can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds.
Governmental funds: Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-
wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near- term inflows and
outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in
evaluating a government’s near-term financing requirements.
Because the focus of governmental funds is more limited than that of the government-wide financial statements, it is useful to compare the information
presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so,
readers may better understand the long-term impact of the County’s near-term financing decisions. The governmental fund balance sheet and the governmental
fund statement of revenues, expenditures, and changes in fund balances (deficits) provide a reconciliation to facilitate this comparison between governmental
funds and governmental activities (in the government-wide financial statements).
18
2020
DeKalb County Annual Comprehensive Financial Report
The County maintains 37 individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental
fund statement of revenues, expenditures, and changes in fund balances (deficit) for the general fund, the special tax district designated services fund, the
special tax district unincorporated fund, special tax district police services fund, the 2006 transportation, parks and libraries bonds fund and the fire fund all of
which are considered to be major funds. Data from the other (non-major) governmental funds are combined into a single, aggregated column.
Governmental funds are reported on the modified accrual basis of accounting. Information on the modified accrual basis of accounting can be found in Note
1 on page 48 of this report.
The basic governmental fund financial statements can be found on pages 30-39.
Proprietary funds: DeKalb County maintains two different types of proprietary funds. Enterprise funds are used to account for quasi-business functions
where revenues typically come from charges or fees (gallons of water used, airport rental, etc.) rather than taxes. The County uses enterprise funds to account
for its watershed system, sanitation, DeKalb Peachtree Airport, and stormwater activities. Internal service funds are an accounting device used to accumulate
and allocate costs internally among the County’s various functions based on usage. The County uses internal service funds to account for its vehicle
maintenance, vehicle replacement, and risk management activities. Because the Risk Management Fund predominantly benefits governmental activities rather
than business-type functions, it has been included within governmental activities in the government-wide financial statements. Because the Vehicle
Maintenance Fund and Vehicle Replacement Fund predominantly benefit business-type functions rather than governmental, they have been included within
business-type activities in the government-wide financial statements; however, the capital lease payable and the related cash proceeds reported in the Vehicle
Replacement Fund are allocated to both governmental activities (72%) and business-type activities (28%).
Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial
statements provide separate information for the Watershed System and Sanitation, which are considered to be major funds of the County. Data from the other
(non-major) enterprise funds, DeKalb Peachtree Airport and Stormwater, are combined into a single, aggregated column. Internal service funds are also
presented in a single column.
The basic proprietary fund financial statements, which are reported on the accrual basis of accounting, can be found on pages 40-43 of this report.
Fiduciary funds: Fiduciary funds are used to account for resources held for the benefit of parties outside the County. Fiduciary funds are not reflected in
the government-wide financial statements because the resources of those funds are not owned by or available to support the County’s own programs. The
accounting used for fiduciary funds is much like that used for proprietary funds, and their financial statements are reported on the accrual basis of accounting
as well. DeKalb County maintains eleven (11) fiduciary funds, called agency funds, for Tax Commissioner, Sheriff, Clerk of Superior Court, State Court, Juvenile
Court, State Traffic Court, Probate Court, Magistrate Court, State Court Probation, Seized Property, and Magistrate Court Ordinance Division. The agency
funds are presented in total, in one column in the Statement of Fiduciary Net Position on page 44. The County also maintains a fiduciary fund for General
Employee’s Pension. The basic fiduciary fund financial statements can be found on pages 44 and 45 of this report.
Notes to the financial statements: The notes provide additional information that is essential to a full understanding of the data provided in the governmentwide and fund financial statements. The notes to the financial statements can be found on pages 47-94 of this report.
Financial Highlights
19
2020
DeKalb County Annual Comprehensive Financial Report
•
DeKalb County’s assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources at December 31, 2020 by
approximately $1.359 billion (net position). The unrestricted net position is a deficit of $1.46 billion. The net position increased by approximately $38
million.
•
As of December 31, 2020, the County’s governmental funds reported combined ending fund balances of approximately $300.5 million an increase of
approximately $17.5 million when compared to the prior year fund balance.
•
At December 31, 2020, the County’s General Fund reported a fund balance of $75 million. This is a decrease of approximately $3.4 million when
compared to the prior year fund balance.
•
DeKalb County’s General Obligation Bonds decreased by $20,970,000 during the current fiscal year. This decrease is primarily due to principal
payments on the General Obligation Bonds.
•
In 2020, Watershed operating revenue increased approximately $15.1 million due to a significant increase in water and sewer commodity usage.
Operating expenses increased approximately $17.8 million as compared to 2019 due to its being designated as a front-line department for the COVID19 pandemic. As a result, they experienced increases in both employee services and supplies.
20
2020
DeKalb County Annual Comprehensive Financial Report
Government-wide Financial Analysis
As previously noted, over time, net position
serves as a useful indicator of a government’s
financial position. In the case of DeKalb
County, assets and deferred outflows of
resources exceeded liabilities and deferred
inflows of resources by $1,359,093,000 at the
close of the most recent fiscal year. This
represents an increase of $38,444,000 or
more than 3% from fiscal year 2019.
By far the largest portion of the County’s net
position at December 31, 2020, reflects its
investment in capital assets (e.g., land,
buildings, machinery, and equipment), less
any retained outstanding debt used to
acquire those assets. The County uses these
capital assets to provide services to
residents: consequently, these assets are not
available for future spending. Although the
County’s investment in capital assets is
reported net of related debt, it should be
noted that the resources needed to repay this
debt must be provided from other sources,
since the capital assets themselves are not
planned to be used to liquidate these
liabilities.
DeKalb County’s Net Position
December 31, 2020 and 2019
(in thousands of dollars)
Governmental Activities
2020
$
Current and other assets
2019
$
423,282
2020
$
285,591
Total Primary Government
2019
$
371,855
2020
$
760,682
2019
$
795,137
1,123,219
1,132,753
2,469,299
2,312,973
3,592,518
3,445,726
1,598,310
1,556,035
2,754,890
2,684,828
4,353,200
4,240,863
Deferred outflows of resources
99,773
155,029
21,176
35,574
120,949
190,603
Long-term liabilities outstanding
1,532,140
1,581,600
968,368
959,731
2,500,508
2,541,331
Capital assets
Total assets
117,166
110,049
197,041
187,679
314,207
297,728
1,649,306
1,691,649
1,165,409
1,147,410
2,814,715
2,839,059
264,685
244,987
35,656
26,771
300,341
271,758
Net investment in capital assets
945,144
927,167
1,652,819
1,570,950
2,597,963
2,498,117
Restricted
190,256
146,715
33,380
33,266
223,636
179,981
(1,351,308)
(1,299,454)
(111,198)
(57,995)
(1,462,506)
(1,357,449)
Other Liabilities
Total liabilities
Deferred inflows of resources
Net position:
Unrestricted (deficit)
An additional portion of the County’s net
position represents resources that are
subject to external restrictions on how they
may be used.
475,091
Business-type Activities
$
Total net position
21
(215,908)
$
(225,572)
$
1,575,001
$
1,546,221
$
1,359,093
$
1,320,649
2020
DeKalb County Annual Comprehensive Financial Report
DeKalb County’s Changes in Net Position
(in thousands)
Governmental Activities
Business-type Activities
2020
2019
2020
Total
2019
2020
2019
Revenues
Program revenues:
Charges for services
$
71,325
$
86,836
Operating grants and contributions
136,124
37,920
Capital grants and contributions
14,618
Property taxes
Sales taxes
$
345,262
$
326,744
$
416,587
$
413,580
—
136,124
37,920
9,035
—
21,771
18,036
36,389
27,071
373,837
353,248
—
—
373,837
353,248
190,091
189,760
—
—
190,091
189,760
Other taxes
72,899
73,737
—
72,899
73,737
Other
1,202
2,459
—
782
4,452
1,984
6,911
860,096
752,995
367,815
349,232
1,227,911
1,102,227
General revenues:
Total revenues
Expenses
General government
206,723
91,675
—
—
206,723
91,675
Public safety
246,484
257,585
—
—
246,484
257,585
Civil and criminal court system
205,988
209,497
—
—
205,988
209,497
Planning and development
29,497
28,612
—
—
29,497
28,612
Public works
54,315
65,961
—
—
54,315
65,961
Parks and recreation
28,867
31,638
—
—
28,867
31,638
Library
29,853
31,742
—
—
29,853
31,742
Health and welfare
41,757
42,497
—
—
41,757
42,497
Interest on long-term debt
8,992
9,490
—
—
8,992
9,490
Water
—
—
108,512
100,903
108,512
100,903
Sewer
—
—
138,105
128,416
138,105
128,416
Stormwater
—
—
23,761
20,222
23,761
20,222
Sanitation
—
—
61,390
100,108
61,390
100,108
DeKalb Peachtree Airport
Total expenses
Change in net position before transfers and gain on
sale of capital assets
Transfers
Gain on sale of capital assets
Change in net position after transfers and gain on
sale of capital assets
Net position – beginning
Net position – ending
—
—
5,569
4,214
5,569
4,214
852,476
768,697
337,337
353,863
1,189,813
1,122,560
7,620
(15,702)
30,478
(4,631)
38,098
(20,333)
2,044
(255)
(2,044)
255
—
—
—
—
346
—
346
—
9,664
(15,957)
28,780
(4,376)
38,444
(20,333)
(225,572)
$
(215,908)
(209,615)
$
(225,572)
22
1,546,221
$
1,575,001
1,550,597
$
1,546,221
1,320,649
$
1,359,093
1,340,982
$
1,320,649
2020
DeKalb County Annual Comprehensive Financial Report
Governmental activities: Governmental activities increased the County’s net position by $9,664,000.
•
Revenue increased by approximately $107 million, primarily due to an increase in Operating Grants and
Contributions of $98 million and Property taxes of approximately $20.6 million because of an increase in the
digest.
•
Public safety expenses accounted for 29% of governmental expenses during 2020 and were used for police,
fire and rescue services. The Civil and Criminal court system accounted for an additional 24% of the total
expenses during 2020 for governmental activities. Public safety decreased by approximately $11.1 million. The
expenses for courts decreased roughly $3.5 million during 2020. The decreases were primarily due to COVID19 pandemic restrictions.
•
General government expenses, which represented 24% of the total expenses for governmental activities,
included the general administration of the County such as management of finances, information systems, human
resources, and facilities management, as well as the executive and legislative functions of County government.
The expenses for general government increased by approximately $115 million due to CARES Act fundingrelated expenses.
•
Public Works, which includes the management of roads and transportation networks of the County, accounted
for 6.4% of the total expenses of the governmental activities.
•
The remaining governmental expenses for 2020 include Parks and Recreation (approximately $29 million),
Health and Welfare (approximately $42 million), Planning and Development (approximately $29.5 million), and
Library (approximately $30 million).
23
2020
DeKalb County Annual Comprehensive Financial Report
Business-type activities: Business-type activities increased the County’s net position by $28,780,000.
•
The Watershed System Fund’s net position increased by approximately $26 million from the prior
year.
•
Watershed operating revenue for the year totaled approximately $251 million compared with
expenses of approximately $210 million resulting in an operating income for the year of approximately
$41 million. Watershed continues to focus on the planned capital improvement program.
•
DeKalb Peachtree Airport Fund’s net position increased by approximately $322,000. Total operating
revenues in excess of operating expenses of approximately $1.91 million and a loss on disposal of
capital assets of approximately $1.6 million accounted for the increase in net position.
•
The Sanitation Fund had an increase in net position of approximately $11.4 million due to a decrease
in operating expenses of approximately $39.1 million from the prior year.
24
2020
DeKalb County Annual Comprehensive Financial Report
Financial Analysis of the Government’s Funds
As noted earlier, the County uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.
Governmental funds: The focus on the County’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable
resources. Such information is useful in assessing the County’s financing requirements. In particular, unassigned fund balance may serve as a useful measure
of a government’s net resources available for spending at the end of the fiscal year.
At the end of fiscal year 2020, the County’s governmental funds reported combined ending fund balance of $300,548,000, an increase of $17,467,000 in
comparison with prior year. Taxes which represents approximately 74% of revenues for the governmental funds, totaled $625,491,000. This represents an
increase of $10,222,000 or approximately 2% more than the prior fiscal year. This represented an increase in the County digest due to an increase in assessed
values. It grew 5.4% or $1.8 billion, from $34 billion in 2019 to $36 billion in 2020. It is a positive sign that DeKalb County continues to recover from the
financial impacts of the 2008 Recession. DeKalb continues to focus on improving the financial condition as well as building back an adequate level of reserves.
The following paragraphs discuss highlights of the governmental funds.
The General Fund is the primary tax and operating fund for all County revenues and expenditures that are not restricted to, or accounted for, in other funds.
Total revenues for the General Fund increased from $318,792,000 to $324,541,000. This represents a $5,749,000 increase from the prior fiscal year. The
majority of the increase in revenues is related to property taxes as a result of an increase in assessed property values. Total expenditures for the General Fund
increased by approximately $17,952,000.
The Special Tax District Fund – Designated Services fund accounts for revenues and expenditures attributable to functions such as public works, parks,
recreation, roads, and drainage. The fund ended the year with a fund balance of $3,850,000.
The Special Tax District Fund – Unincorporated fund accounts for revenues and expenditures attributable to functions in the unincorporated areas of the County.
The fund ended the fiscal year with a fund balance of $736,000 as compared to $7,378,000 in the prior year.
The Special Tax District – Police Services Fund accounts for revenues and expenditures attributable to police services in the unincorporated areas of DeKalb
County and some incorporated areas. At the end of fiscal year 2020, fund balance was $20,155,000 as compared to $20,546,000 in the prior year.
The Fire Fund accounts for revenues and expenditures attributable to the operations of the County’s fire departments. At the end of fiscal year 2020, fund
balance was $4,344,000 as compared to $6,287,000 in the prior year.
The Grant – COVID-19 Fund – received grant revenues and contributions of approximately $112.8 million through the Coronavirus Aid, Relief, and Economic
Security Act (CARES). The funds were allocated for eligible expenditures of $113 million related to the COVID-19 pandemic.
Proprietary funds: The County’s proprietary funds provide the same type of information related to business-type activities found in the government-wide
financial statements, but in more detail. Total net position for the Watershed System was $1,242,697,000. The total growth in net position was $26,218,000.
Total Watershed operating revenue increased by approximately $15.1 million. Operating expenses increased by approximately $17.8 million.
25
2020
DeKalb County Annual Comprehensive Financial Report
General Fund Budgetary Highlights
The original fiscal year 2020 budget was adopted with approximately $5.5 million use of fund balance. The original budget for property tax revenues was
decreased by approximately $5.2 million. The final budgeted increase in fund balance was approximately $25k.
General Fund (GAAP Budget Basis) Actual Revenues and Expenditures versus Budget Highlights
Actual revenues in General Fund were approximately $1,287,000 under budget at the end of fiscal year 2020. Taxes were over budget by approximately $2
million.
Actual expenditures in the General Fund were $5.6 million below budget at the end of fiscal year 2020, primarily due to lower than anticipated departmental
expenditures for Finance, Facilities Maintenance and Debt Service as well as departmental efforts to spend conservatively.
Capital Assets
Capital assets: The County’s investment in capital assets for its governmental and business-type activities as of December 31, 2020 amounted to
$3,592,518,000 (net of accumulated depreciation). Investments in capital assets include land, land improvements, buildings, plants, infrastructure, vehicles
and portable equipment, other equipment, leaseholds, intangible water capacity rights and construction in progress
DeKalb County’s Net Capital Assets
(in thousands of dollars)
Land
$
Land improvements
Building
Plants
Lines
Water Meters
Infrastructure
Vehicles and portable equipment
Other equipment
Leaseholds
Intangible water capacity rights
Construction in progress
Total
$
Governmental Activities
2020
2019
258,097
$
258,090
$
Business-type Activities
2020
2019
64,098
$
64,098
$
Total Primary Government
2020
2019
322,195
$
322,188
73,658
303,594
—
—
—
337,404
45,157
34,917
70,949
302,030
—
—
—
342,829
39,928
21,313
—
70,809
272,156
861,410
10,400
320,141
17,556
6,630
—
74,252
279,989
768,290
12,190
307,604
15,524
8,086
73,658
374,403
272,156
861,410
10,400
657,545
62,713
41,547
70,949
376,282
279,989
768,290
12,190
650,433
55,452
29,399
—
—
109,492
112,976
109,492
112,976
—
70,392
1,123,219
—
97,614
1,132,753
108,510
628,097
2,469,299
108,000
561,964
2,312,973
108,510
698,489
3,592,518
108,000
659,578
3,445,726
$
26
$
$
$
$
2020
DeKalb County Annual Comprehensive Financial Report
Total capital assets for governmental activities for 2020 totaled approximately $1,123.2 billion which is a decrease of approximately $9.5 million over 2019.
Reduction to the governmental capital assets were approximately $32.6 million including Land and construction in progress and depreciated Buildings and
Land Improvement offset by an increase of approximately $23.1 million including Infrastructure, Vehicle and Portable Equipment and other equipment.
Total capital assets for business-type activities for 2020 totaled approximately $2,469 billion which is an increase of approximately $156 million over 2019.
Additions to business-type activities were approximately $174 million including Land, construction in progress, depreciated intangible water capacity rights.
Offsets by reduction of approximately $18 million in depreciated infrastructure, buildings, plants, other equipment and leaseholds.
Additional information on the County’s capital assets can be found in Note 5 on pages 64 and 65 of this report.
Debt Administration
Long-Term Debt
At the end of the current fiscal year, the County had total bonded debt outstanding of $121,430,000 comprised of general obligation debt backed by the full
faith and credit of the government. Total revenue bonds outstanding are $756,665,000. Debt service on these revenue bonds is paid from customer charges.
For the revenue bonds, the County would be required to pay the principal and interest on those bonds should operating revenues not be adequate. There has
never been an occasion when operating revenues have not been sufficient to cover all such payments.
DeKalb County’s Outstanding Debt
(in thousands of dollars)
General obligation bonds
$
Governmental Activities
Business-type Activities
2020
2020
121,430
2019
$
142,400
Certificates of participation
13,375
16,380
Revenue bonds
52,385
57,695
Total
$
187,190
$
216,475
$
–
–
$
704,280
2020
–
$
–
704,280
$
Total Primary Government
2019
732,755
$
732,755
$
121,430
2019
$
142,400
13,375
16,380
756,665
790,450
891,470
$
949,230
The County’s long-term bonds decreased by $57,760,000 during the current fiscal year primarily due to principal payments that took place in 2020.
27
2020
DeKalb County Annual Comprehensive Financial Report
The County maintains the following credit ratings from the three rating agencies below that review public sector debt.
General Obligation
Water and Sewer:
Prior Lien
Second Lien
Fitch
AA�/Positive
Moody’s Investors Service
Aa3/Positive
Standard and Poor’s
No rating
AA�/Negative Outlook
Aa2/Stable
Aa3/Stable
AA�/Stable
A+/Stable
Additional information regarding DeKalb County’s long-term debt can be found in Note 6 on pages 66-74 of this report.
State statues limit the amount of general obligation debt by a governmental entity may issue to 10 percent of its total assessed taxable property valuation. The
County’s net outstanding general obligation debt (less reserve for general bond debt) is $121,430,000 which is significantly below the current debt limitation
of $3,582,384,000.
Economic Factors
The County has put a renewed focus on economic development and job creation. It is a priority of the current administration to increase the County’s visibility
in order to attract businesses, support job growth, and enhance the current approach to economic development. Through DeKalb County’s partnership with
Decide DeKalb, the vision is to propel the economy forward by leveraging our remarkable access and logistics; celebrating our dynamic diversity; and
generating investment in DeKalb’s undeniable assets; and promote a prosperous and passionate business community. In spite of this year’s challenges as it
relates to the COVID-19 pandemic, Decide DeKalb has played a pivotal role in supporting the County’s economic well-being. During 2020, DeKalb County
accomplished the following initiatives:
•
Partnered with Local Initiatives Support Corporation (LISC) Atlanta in offering the DeKalb County Small Business Relief Program designed to support
business that were hardest hit by the economic impacts of COVID-19.
•
Focused efforts have resulted in significant projects such as Amazon distribution centers, The Home Depot, and the Memorial Drive Revitalization
Corridor Plan that will focus on a typically underserved area of the county.
•
Provided a training program to assist recipients of Federal CARES funds grants and loans.
•
Increased outreach to 76 DeKalb businesses comprised of over 20,000 employees.
•
DeKalb Entertainment Commission’s collaborative efforts resulted in the County’s film/television productions being amongst the first to resume
operations after experiencing significant pandemic-related shutdowns.
Next Year’s Budgets
The 2021 budget was adopted by the Board of Commissioners on August 24, 2021. The total budget is approximately $1.5 billion. Some of the highlights of
the adopted budget include the following:
•
Funding for a $3,000 one-time bonuses for public safety personnel and $2,000 one-time bonuses for other all employees.
28
2020
DeKalb County Annual Comprehensive Financial Report
•
Funding for the maintenance and modernization of the County’s aging infrastructure across several departments including Watershed Management,
Sanitation, Stormwater and Roads and Drainage.
•
Prioritizes public safety spending, including $3.4 million strategy to combat and prevent violent crimes that includes training for law enforcement,
personnel, new equipment, diversion programs, and the Police Athletic League (PAL).
•
Funding $1.9 million for jail maintenance and repairs.
•
Funding for a safe and eventual reopening that ensures County facilities are safe and sanitized for residents, visitors, and County employees ($2.3
million) funded through ARP.
•
Funding $1 million for Sanitation Division that to continue its Rolling Forward to One initiative with 27,000, 95-gallon roll-carts.
Requests for Information
The financial report is designed to provide a general overview of the County’s finances for all those with an interest in the government’s finances. Questions
concerning any of the information provided in this report or requests for additional financial information should be addressed to the Office of the Chief Financial
Officer, DeKalb County, 1300 Commerce Drive, Decatur, Georgia 30030.
29
DeKalb County, Georgia
Statement of Net Position
December 31, 2020
(in thousands of dollars)
Primary Government
Governmental
Activities
Business-type
Activities
$
$
Component
Units
Total
ASSETS
Cash and cash equivalents
Accounts receivable (net)
Taxes receivable (net)
Internal balances
Due from other governments
Inventories and prepaid items
Restricted assets:
Cash and cash equivalents
Capital assets not being depreciated
Capital assets net of accumulated depreciation
Total assets
DEFERRED OUTFLOWS OF RESOURCES
Pension related items
OPEB related items
Deferred charges on debt refunding
Total deferred outflows of resources
LIABILITIES
Accounts payable
Accrued interest payable
Retainage payable
Other accrued liabilities
Unearned revenue
Advanced payments and deposits
Due to other governments
Due to others
Liabilities payable from restricted assets:
Accrued interest payable
Noncurrent liabilities:
Due within one year
Due in more than one year
Total liabilities
DEFERRED INFLOWS OF RESOURCES
Pension related items
OPEB related items
Total deferred inflows of resources
NET POSITION (DEFICIT)
Net investment in capital assets
Restricted for:
Debt service
Capital projects
Public safety
Special Programs
Unrestricted (deficit)
Total net position (deficit)
$
The notes to the financial statements are an integral part of this statement.
30
354,103
9,780
70,877
11,963
19,768
8,600
171,657
68,193
(11,963)
567
8,616
$
525,760
77,973
70,877
20,335
17,216
$
9,913
658
4,681
–
328,489
794,730
1,598,310
48,521
692,195
1,777,104
2,754,890
48,521
1,020,684
2,571,834
4,353,200
5,611
1,462
22,325
70,577
26,953
2,243
99,773
14,974
6,202
21,176
85,551
26,953
8,445
120,949
10,056
1,252
11,308
43,868
713
589
5,516
19,209
1,574
1,962
124,245
25,944
1,381
42
1,179
–
168,113
713
26,533
6,897
19,251
2,753
1,962
177
548
1,548
–
–
9,042
9,042
–
43,735
1,532,140
1,649,306
35,208
968,368
1,165,409
78,943
2,500,508
2,814,715
316
42,480
45,069
168,068
96,617
264,685
35,656
35,656
203,724
96,617
300,341
1,331
9,474
945,144
1,652,819
2,597,963
1,388
2,391
110,361
67,703
9,801
(1,351,308)
(215,908)
33,380
(111,198)
1,575,001
35,771
110,361
67,703
9,801
(1,462,506)
1,359,093
8,376
(30,674)
(20,910)
$
$
8,143
$
DeKalb County, Georgia
Statement of Activities
For the Year Ended December 31, 2020
(in thousands of dollars)
Program Revenues
Charges for
Services
Expenses
Net (Expense) Revenue and Changes in Net Position
Operating
Grants and
Contributions
Capital
Grants and
Contributions
Governmental
Activities
Primary Government
Business-type
Activities
Component
Units
Total
Functions/Programs
Primary government:
Governmental activities:
General government
Public safety
Civil and criminal court system
Planning and development
Public works
Parks and recreation
Library
Health and welfare
Interest and fees on long-term debt
Total governmental activities
Business-type activities:
Water
Sewer
Sanitation
$
$
$
206,723
246,484
205,988
29,497
54,315
28,867
29,853
41,757
8,992
852,476
108,512
138,105
61,390
DeKalb Peachtree Airport
Stormwater
Total business-type activities
Total primary government
Component units:
Board of health
Public library board
Total component units
$
28,803
17,352
14,463
4,893
5,022
780
12
71,325
$
$
110,441
140,562
73,012
$
$
55
1,648
3,605
1,190
27
129,599
136,124
$
–
$
$
$
4
14,611
3
14,618
9,495
12,085
36
$
$
$
(177,865)
(227,484)
(187,920)
(23,410)
(34,682)
(28,060)
(29,841)
87,845
(8,992)
(630,409)
–
$
$
$
11,424
14,542
11,658
$
$
$
(177,865)
(227,484)
(187,920)
(23,410)
(34,682)
(28,060)
(29,841)
87,845
(8,992)
(630,409)
11,424
14,542
11,658
$
$
$
–
5,569
5,932
–
–
–
363
363
–
23,761
337,337
15,315
345,262
–
155
21,771
–
(8,291)
29,696
(8,291)
29,696
–
$
1,189,813
$
416,587
$
136,124
$
36,389
$
(630,409)
$
29,696
$
(600,713)
$
–
$
33,520
23,915
57,435
$
10,716
396
11,112
$
26,323
5
26,328
$
–
$
–
$
$
$
–
$
$
–
$
3,519
(23,514)
(19,995)
190,091
$
–
$
190,091
$
–
$
$
$
$
General revenues:
Sales tax
$
Property tax
373,837
–
373,837
–
Motor vehicle tax
27,887
–
27,887
–
Hotel/motel tax
1,824
–
1,824
–
Insurance premium tax
29,212
–
29,212
–
Other taxes
13,976
–
13,976
–
–
–
–
21,052
Unrestricted investment earnings
777
782
1,559
10
Grants and contributions not restricted to specific purposes
174
–
174
1,339
Payments from primary government
Miscellaneous
Transfers
Gain on sale of capital assets
Total general revenues and transfers
Change in net position
Net position (deficit) – beginning
Net position (deficit) – ending
$
The notes to the financial statements are an integral part of this statement.
31
251
–
251
397
2,044
(2,044)
–
–
–
346
346
–
640,073
(916)
639,157
22,798
9,664
28,780
38,444
2,803
(225,572)
1,546,221
1,320,649
(23,713)
(215,908)
$
1,575,001
$
1,359,093
$
(20,910)
DeKalb County, Georgia
Governmental Funds
Balance Sheet
December 31, 2020
(in thousands of dollars)
Special Tax
District Designated
Services
General
Special Tax
District Unincorporated
Special Tax
District – Police
Services
Grant – COVID19
$
$
Fire
Nonmajor
Governmental
Funds
Total
Governmental
Funds
$
$
ASSETS
Cash and cash equivalents
$
Taxes receivable (net)
49,642
$
4,839
$
2,110
20,754
23,906
$
4,803
194,543
300,597
26,895
2,100
–
34,247
–
4,212
3,423
435
5
1,807
–
–
–
2,539
4,786
19,040
–
–
–
–
–
–
19,040
Due from other governments
–
–
–
–
2,149
–
17,619
19,768
Inventories and prepaid items
6,457
–
–
–
–
–
–
Accounts receivable (net)
Due from other funds
Total assets
70,877
6,457
$
102,469
$
6,944
$
3,917
$
55,001
$
26,055
$
9,015
$
218,124
$
421,525
$
12,130
$
949
$
356
$
590
$
6,609
$
445
$
8,533
$
29,612
LIABILITIES
Accounts and contracts payable
Payroll payable
Advance payments and deposits
2,548
227
149
977
103
787
706
5,497
66
–
864
–
–
–
644
1,574
Retainage payable
–
–
–
–
–
–
589
589
Due to other funds
–
195
–
–
–
–
1,888
2,083
150
–
1,812
–
–
–
–
1,962
14,894
1,371
3,181
1,567
6,712
1,232
12,360
41,317
–
–
–
–
580
–
7,093
7,673
12,159
1,723
–
33,279
–
3,439
2,178
52,778
–
–
–
–
19,209
–
–
19,209
12,159
1,723
–
33,279
19,789
3,439
9,271
79,660
Due to others
Total liabilities
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue – other
Unavailable revenue – property and other taxes
Unearned revenue – other
Total deferred inflows of resources
FUND BALANCES
Nonspendable
6,457
–
–
–
–
–
–
6,457
–
3,850
736
20,155
–
4,344
144,345
173,430
Committed
–
–
–
–
–
–
52,148
52,148
Unassigned
68,959
–
–
–
(446)
–
–
68,513
75,416
3,850
736
20,155
(446)
4,344
196,493
300,548
Restricted
Total fund balances
Total liabilities, deferred inflow of resources, and fund balances
$
102,469
$
6,944
$
3,917
The notes to the financial statements are a integral part of this statement.
32
$
55,001
$
26,055
$
9,015
$
218,124
$
421,525
DeKalb County, Georgia
Reconciliation of the Governmental Funds Balance Sheet
to the Statement of Net Position
December 31, 2020
(in thousands of dollars)
Total fund balances for governmental funds
$
300,548
Total net position reported for governmental activities in the Statement of Net Position differs from total fund balances for governmental funds
because:
Capital assets used in governmental activities are not current financial resources and therefore not reported in the governmental funds.
Amount excludes the net book value of $45,156 for capital assets allocated from the Vehicle Replacement Internal Service Fund
which is reflected in the net amount below for the internal service fund activity.
1,078,063
Internal service funds are used by management to charge the costs of risk management and vehicle replacement to individual funds.
The assets and liabilities of the Risk Management Fund in the amount of ($3,995) have been allocated to governmental
activities on the Statement of Net Position. Also, a large portion (72%) of assets and liabilities of the Vehicle Replacement Fund in the
amount of $71,079 has been allocated to governmental activities on the Statement of Net Position.
66,704
Some of the County’s taxes and other revenue will be collected after year-end, but are not available soon enough to pay for
the current period’s expenditures, and therefore are reported as deferred inflows of resources in the governmental funds.
60,451
Long-term liabilities and certain deferred outflows and inflows of resources applicable to the County’s governmental activities are
not due and payable in the current period and, accordingly, are not reported in the governmental funds. Interest
on long-term debt is not accrued in the governmental funds, but it is recognized as an expenditure when due. All liabilities and
deferred outflows and inflows of resources – both current and long-term are reported in the Statement of Net Position.
Accrued interest on debt
(713)
Certificates of participation payable
(13,375)
General obligation bonds payable
(121,430)
Revenue bonds payable
(52,385)
Unamortized premium on bonds payable
(15,472)
Deferred outflows of resources related to deferred charges on debt refunding
2,243
Financed purchases payable not accounted for in the internal service funds
(7,928)
Claims and judgments not accounted for in the internal service funds
(1,535)
Net pension liability
(697,176)
Deferred outflows of resources related to pensions
70,577
Deferred inflows of resources related to pensions
(168,068)
Total other postemployment benefits (OPEB) liability
(611,429)
Deferred outflows of resources related to OPEB
26,953
Deferred inflows of resources related to OPEB
(96,617)
Compensated absences not accounted for in the internal service funds
(35,319)
Total long-term liabilities
(1,721,674)
Total net position (deficit) of governmental activities
$
The notes to the financial statements are an integral part of this statement.
33
(215,908)
DeKalb County, Georgia
Governmental Funds
Statement of Revenues, Expenditures, and Changes in Fund Balances
For the Year Ended December 31, 2020
(in thousands of dollars)
Special Tax
District Designated
Services
General
Special Tax District
– Unincorporated
Special Tax
District – Police
Services
Grant – COVID19
$
$
$
Nonmajor
Governmental
Funds
Fire
Total Governmental
Funds
REVENUES
Taxes
$
Licenses and permits
298,215
$
30,735
4,461
109,518
–
$
73,882
$
108,680
$
625,491
–
–
11,929
68
–
–
5,382
17,379
Intergovernmental
1,666
–
–
–
106,430
–
31,158
139,254
Charges for services
14,539
559
–
405
–
1,357
17,261
34,121
Fines and forfeitures
Investment income
7,383
–
4,226
–
–
–
2,327
13,936
351
16
–
35
134
33
580
1,149
–
–
–
–
6,210
–
52
6,262
2,387
207
428
523
–
333
1,747
5,625
324,541
31,517
21,044
110,549
112,774
75,605
167,187
843,217
70,122
140
Contributions and donations
Miscellaneous
Total revenues
EXPENDITURES
Current:
General government
9,923
–
113,193
–
1,392
194,770
Public safety
17,124
–
–
108,333
–
76,001
17,602
219,060
Civil and criminal court system
180,690
10
5,240
–
–
–
6,275
192,215
5,111
–
6,530
–
–
–
15,641
27,282
642
17,243
–
–
–
–
11,441
29,326
–
20,911
–
–
–
–
562
21,473
Library
22,212
–
–
–
–
–
–
22,212
Health and welfare
13,713
–
–
–
27
–
25,499
39,239
General government
–
–
–
–
–
–
7,432
7,432
Public safety
–
–
–
–
–
–
4,814
4,814
Civil and criminal court system
–
–
–
–
–
–
3,798
3,798
Planning and development
–
–
–
–
–
–
3,520
3,520
26,342
Planning and development
Public works
Parks and recreation
Capital outlay:
Public works
–
–
–
–
–
–
26,342
Health and welfare
–
–
–
–
–
–
98
98
Parks and recreation
–
–
–
–
–
–
3,445
3,445
Library
–
–
–
–
–
–
135
135
30,859
Debt service:
Principal
3,005
–
–
–
–
–
27,854
Interest
318
–
–
–
–
–
8,552
8,870
Total expenditures
Excess (deficiency) of revenues
312,937
38,304
21,693
108,333
113,220
76,001
164,402
834,890
over (under) expenditures
11,604
(6,787)
(649)
2,216
(446)
(396)
2,785
8,327
OTHER FINANCING SOURCES (USES)
Proceeds from sale of capital assets
–
–
–
–
–
–
–
–
–
6,753
6,753
Transfers in
1,843
119
5,899
19
–
–
1,084
27,421
36,266
Transfers out
(16,981)
(374)
(6,012)
(2,607)
–
(2,631)
(5,617)
(34,222)
(15,019)
5,525
(5,993)
(2,607)
–
(1,547)
28,781
9,140
(3,415)
(1,262)
(6,642)
(391)
(446)
(1,943)
31,566
17,467
Financed purchases
Total other financing sources (uses)
Net change in fund balance
Fund balance – beginning
Fund balance (deficit) – ending
–
78,831
$
75,416
5,112
$
3,850
7,378
$
20,546
736
$
The notes to the financial statements are an integral part of this statement.
34
20,155
–
$
(446)
224
6,287
$
4,344
343
164,927
$
196,493
283,081
$
300,548
DeKalb County, Georgia
Reconciliation of Governmental Funds Statement of Revenues, Expenditures
and Changes in Fund Balances to the Statement of Activities
For the Year Ended December 31, 2020
(in thousands of dollars)
Net change in fund balance – Total Governmental Funds
$
17,467
The change in net position reported for governmental activities in the Statement of Activities differs from net change in fund balance
for total governmental funds because:
Governmental funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is
capitalized and reported as depreciation expense over their estimated useful lives. This is the amount by which depreciation
expense ($41,541) exceeded capital outlays ($36,955). Note that these amounts exclude the allocation of capital outlay (additions)
and depreciation from the Vehicle Replacement Internal Service Fund of $17,692 and $12,442, respectively.
(4,586)
The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins, and donations) is to
decrease net position as noted below:
Capital contributions from developers
Disposal of capital assets
$
970
(11,147)
$
2,572
(6,753)
29,811
1,048
26,678
(52,701)
22,165
(203)
(2,889)
(888)
81
(34,435)
$
(10,177)
Bond proceeds are reported as financing sources in governmental funds and thus contribute to the change in fund balance.
In the Statement of Net Position, however, issuing debt increases long-term liabilities and does not affect the Statement of
Activities. Similarly, repayment of principal is an expenditure in the governmental funds, but reduces the related long-term
liability in the Statement of Net Position. This adjustment combines the net changes of the following:
Amortization of premium on bond
Issuance of financed purchases
Repayments of bonds, notes, and certificates of participation notes
Payment on financed purchases
Under the modified accrual basis of accounting used in the governmental funds, expenditures are not recognized for
transactions that are not normally paid with expendable available financial resources. In the Statement of Activities,
however, which is presented on the accrual basis, expenses and liabilities are reported regardless of when financial
resources are available. In addition, interest on long-term debt is recognized under the modified accrual basis of
accounting when it is due, rather than as it accrues. This adjustment combines the net changes of the following:
Change in net pension liability, deferred outflows and inflows of resources related to pension plan
Change in total other postemployment benefits (OPEB) liability and deferred inflows of resources related to OPEB plan
Change in deferred charges on refunding
Change in compensated absences
Change in claims and judgments payable
Change in accrued interest
$
Unavailable revenue in governmental funds is susceptible to full accrual on the Statement of Activities, and therefore
is recognized when earned, regardless of availability.
15,909
Internal service funds are used by management to charge the costs of risk management and vehicle replacement to individual funds.
The net expense of the Risk Management Fund ($7,647) and 72% of Vehicle Replacement Fund $6,455 are reported within governmental activities.
(1,192)
Change in net position of governmental activities
$
The notes to the financial statements are an integral part of this statement.
35
9,664
DeKalb County, Georgia
General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual
For the Year Ended December 31, 2020
Budget Basis (in thousands of dollars)
Original
Budgeted
Amounts
Actual
Amounts
(Budgetary
Basis)
Final
Budgeted
Amounts
Variance with
Final Budget
Over
(Under)
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Fines and forfeitures
Investment income (loss)
Miscellaneous revenue
Total revenues
Expenditures:
Current:
General government:
Chief executive officer
Board of commissioners
Law department
Internal audit office
Ethics board
G.I.S.
Facilities management
Purchasing
Human resources & merit system
Department of information technology
Finance
Budget
Property appraisal & assessment
Tax commissioner
Registrar
Economic development
Extension service
Citizen help center
Non-departmental
Total general government
Public safety:
Police
Emergency management (DEMA)
Animal services
Total public safety
Civil and criminal court system:
Sheriff’s office
Juvenile court
Superior court
Clerk superior court
State court
Solicitor
District attorney
Child advocates office
Probate court
Medical examiner
Public defender
Magistrate court
Total civil and criminal court system
$
36
301,398
271
1,615
47,289
9,071
917
5,494
366,055
$
296,194
70
1,272
48,127
10,672
803
2,214
359,352
$
298,215
1,666
47,944
7,383
351
2,506
358,065
$
2,021
(70)
394
(183)
(3,289)
(452)
292
(1,287)
3,715
3,978
4,899
1,930
584
2,491
19,066
3,038
4,486
24,879
6,273
1,029
5,673
8,854
5,165
1,285
1,148
602
34,272
133,367
3,529
3,978
4,540
1,835
555
2,409
18,385
2,936
3,986
25,929
6,112
1,117
5,390
8,586
5,768
1,408
937
616
33,972
131,988
3,099
3,013
4,302
1,608
461
2,233
18,182
2,633
3,832
25,842
5,706
941
5,323
8,459
9,118
858
775
567
6,575
103,527
430
965
238
227
94
176
203
303
154
87
406
176
67
127
(3,350)
550
162
49
27,397
28,461
6,282
4,204
5,867
16,353
5,851
3,389
5,724
14,964
5,368
6,250
5,506
17,124
483
(2,861)
218
(2,160)
77,354
7,765
11,285
7,622
16,426
7,977
17,277
2,994
2,203
3,020
9,895
3,955
167,773
76,704
7,463
10,720
7,408
16,234
7,969
16,820
2,874
2,190
2,872
9,647
3,946
164,847
85,624
7,308
11,171
7,434
15,589
7,556
19,111
2,694
2,792
4,712
11,038
5,661
180,690
(8,920)
155
(451)
(26)
645
413
(2,291)
180
(602)
(1,840)
(1,391)
(1,715)
(15,843)
DeKalb County, Georgia
General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual
For the Year Ended December 31, 2020
Budget Basis (in thousands of dollars)
(continued)
Original
Budgeted
Amounts
Actual
Amounts
(Budgetary
Basis)
Final
Budgeted
Amounts
Variance with
Final Budget
Over
(Under)
Expenditures (continued):
Current (continued):
Planning & development
Public works
$
2,406
632
$
1,903
593
$
5,111
642
$
(3,208)
(49)
Library
Health and welfare:
Board of health
Community service board
Human services
Family and children services
Total health and welfare
20,741
20,536
22,212
(1,676)
4,890
2,134
4,734
1,278
13,036
4,890
2,134
4,497
1,278
12,799
5,980
2,134
4,321
1,278
13,713
(1,090)
176
(914)
Debt service
Total expenditures
4,315
358,623
4,335
351,965
3,323
346,342
1,012
5,623
7,432
7,387
11,723
4,336
Other financing sources (uses):
Transfers in
Transfers out
Excess of revenues over expenditures
4,377
(17,311)
3,775
(17,207)
1,843
(16,981)
(1,932)
226
Excess (deficiency) of revenues and other sources
over expenditures and other uses
(5,502)
(6,045)
Beginning fund balance (budgetary)
78,831
Ending fund balance (budgetary)
$
73,329
Explanation of differences between budget basis and GAAP:
Excess of revenues and other sources over expenditures and other uses – budget basis
Differences – budget basis to GAAP:
$
(3,415)
$
(3,415)
78,831
$
72,786
Net change in revenue related to indirect cost allocation
(33,405)
Net change in expenditures related to indirect cost allocation
33,405
Net change in fund balance – GAAP basis
$
The notes to the financial statements are an integral part of this statement.
37
(3,415)
$
2,630
DeKalb County, Georgia
Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual
For the Year Ended December 31, 2020
GAAP Budget Basis (in thousands of dollars)
Revenues:
Taxes
Licenses and permits
Charges for services
Fines and forfeitures
Investment income
Miscellaneous revenue
Total revenues
Expenditures:
Current:
General government
Public safety
Civil and criminal court system
Planning and development
Housing and development
Public works
Parks and recreation
Health and welfare
Total expenditures
Major Special Revenue Funds
Special Tax District – Designated Services
Actual
Variance with
Original
Final
Amounts
Final Budget
Budgeted
Budgeted
(GAAP
Over
Amounts
Amounts
Basis)
(Under)
Original
Budgeted
Amounts
$
$
33,607
690
164
34,461
$
31,384
678
37
108
32,207
$
30,735
559
16
207
31,517
$
(649)
(119)
(21)
99
(690)
4,616
12,939
8,920
90
26,565
Major Special Revenue Funds
Special Tax District – Unincorporated
Actual
Variance with
Final
Amounts
Final Budget
Budgeted
(GAAP
Over
Amounts
Basis)
(Under)
$
4,492
16,554
7,221
358
28,625
$
4,461
11,929
4,226
428
21,044
$
(31)
(4,625)
(2,995)
70
(7,581)
Major Special Revenue Funds
Special Tax District – Police Services
Actual
Original
Final
Amounts
Budgeted
Budgeted
(GAAP
Amounts
Amounts
Basis)
Variance with
Final Budget
Over
(Under)
$
$
112,990
359
525
74
113,948
$
111,596
162
945
78
37
112,818
$ 109,518
68
405
35
523
110,549
(2,078)
(94)
(540)
(43)
486
(2,269)
23,185
18,222
41,407
21,209
17,823
39,032
140
10
17,243
20,911
38,304
(140)
(10)
3,966
(3,088)
728
959
6,306
1,234
14,591
23,090
810
5,780
1,036
14,540
22,166
9,923
5,240
6,530
21,693
(9,113)
540
(5,494)
14,540
473
111,084
111,084
111,084
111,084
108,333
108,333
2,751
2,751
Excess (deficiency) of revenues
over (under) expenditures
(6,946)
(6,825)
(6,787)
38
3,475
6,459
(649)
(7,108)
2,864
1,734
2,216
482
Other financing sources (uses):
Transfers in
Transfers out
Total other financing sources (uses)
7,151
(353)
6,798
8,527
(374)
8,153
5,899
(374)
5,525
(2,628)
(2,628)
(5,575)
(5,575)
(10,004)
(10,004)
19
(6,012)
(5,993)
19
3,992
4,011
(2,505)
(2,505)
(4,126)
(4,126)
(2,607)
(2,607)
1,519
1,519
(2,590)
(2,100)
(3,545)
7,378
7,378
Excess (deficiency) of revenues
and other financing sources over (under)
expenditures and other financing uses
Beginning fund balance
Ending fund balance
$
(148)
1,328
5,112
5,112
4,964
$
$
6,440
(1,262)
$
$
5,278
The notes to the financial statements are an integral part of this statement.
38
$
3,833
$
(6,642)
$
(3,097)
$
359
(2,392)
20,546
20,546
20,905
$
18,154
$
(391)
$
2,001
DeKalb County, Georgia
Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual
For the Year Ended December 31, 2020
GAAP Budget Basis (in thousands of dollars)
Revenues:
Taxes
Licenses and permits
Charges for services
Fines and forfeitures
Investment income
Miscellaneous revenue
Total revenues
Expenditures:
Current:
General government
Public safety
Civil and criminal court system
Planning and development
Housing and development
Public works
Parks and recreation
Health and welfare
Total expenditures
Original
Budgeted
Amounts
Major Special Revenue Funds
Fire
Actual
Final
Amounts
Budgeted
(GAAP
Amounts
Basis)
Variance with
Final Budget
Over
(Under)
$
$
$
76,332
1,679
6
78,017
76,256
1,794
74
78,124
$
73,882
1,357
33
333
75,605
(2,374)
(437)
33
259
(2,519)
Original
Budgeted
Amounts
Major Special Revenue Funds
Grant – COVID19
Actual
Final
Amounts
Budgeted
(GAAP
Amounts
Basis)
Variance with
Final Budget
Over
(Under)
$
$
$
137,750
137,750
137,750
137,750
$
106,430
134
6,210
112,774
(31,320)
134
6,210
(24,976)
76,523
76,523
76,523
76,523
76,001
76,001
522
522
806
136,944
137,750
113,173
27
113,200
113,193
27
113,220
(20)
(20)
Excess (deficiency) of revenues
over (under) expenditures
1,494
1,601
(396)
(1,997)
–
24,550
(446)
(24,996)
Other financing sources (uses):
Transfers in
Transfers out
Total other financing sources (uses)
1,084
(2,520)
(1,436)
1,084
(3,007)
(1,923)
1,084
(2,631)
(1,547)
376
376
–
–
–
–
(1,621)
–
24,550
–
–
Excess (deficiency) of revenues
and other financing sources over (under)
expenditures and other financing uses
Beginning fund balance
Ending fund balance
$
58
(322)
6,287
6,287
6,345
$
$
(1,943)
5,965
$
$
The notes to the financial statements are an integral part of this statement.
39
–
$
24,550
$
(446)
$
(24,996)
DeKalb County, Georgia
Proprietary Funds
Statement of Net Position
December 31, 2020
(in thousands of dollars)
Watershed
System
Nonmajor
Enterprise
Funds
Sanitation
Total
Enterprise
Funds
Internal
Service Funds
ASSETS
Current assets:
Cash and cash equivalents
$
119,103
$
–
$
40,477
$
159,580
$
65,583
Restricted cash and cash equivalents
16,792
–
–
16,792
–
Accounts receivable (net)
61,426
4,067
2,700
68,193
–
Due from other governments
567
–
–
567
–
Inventories and prepaid items
6,958
–
–
6,958
3,801
204,846
4,067
43,177
252,090
69,384
Total currents assets
Noncurrent assets:
Restricted cash and cash equivalents
31,729
–
–
31,729
–
2,069,941
134,005
247,726
2,451,672
62,783
Total noncurrent assets
2,101,670
134,005
247,726
2,483,401
62,783
Total assets
2,306,516
138,072
290,903
2,735,491
132,167
Capital assets (net)
DEFERRED OUTFLOWS OF RESOURCES
Pension related items
9,448
4,256
1,270
14,974
–
Deferred charges on debt refunding
6,202
–
–
6,202
–
Total deferred outflows of resources
15,650
4,256
1,270
21,176
–
110,153
8,825
1,298
120,276
18,225
750
417
93
1,260
140
–
–
–
–
9,686
LIABILITIES
Current liabilities:
Accounts payable
Payroll payable
Claims and judgments payable, current portion
Notes payable
–
1,481
–
1,481
–
Compensated absences payable, current portion
2,100
984
315
3,399
466
Retainage payable
25,944
–
–
25,944
–
Unearned revenue
–
–
42
42
–
47
1,070
62
1,179
–
8,136
1,865
–
10,001
1,962
–
191
–
191
–
29,750
–
–
29,750
–
Advance payments and deposits
Due to other funds
Payable from restricted assets:
Financed purchases payable, current portion
Revenue bonds payable, current portion
Accrued interest
Total current liabilities
9,042
–
–
9,042
–
185,922
14,833
1,810
202,565
30,479
40
DeKalb County, Georgia
Proprietary Funds
Statement of Net Position
December 31, 2020
(in thousands of dollars)
(continued)
Watershed
System
Nonmajor
Enterprise
Funds
Sanitation
Total
Enterprise
Funds
Internal
Service Funds
Noncurrent liabilities:
Claims and judgments payable, long-term portion
–
–
–
–
9,994
Landfill closure and postclosure cost
–
35,045
–
35,045
–
Pollution remediation obligation
–
671
–
671
–
93,326
42,041
12,540
147,907
–
Compensated absences payable
2,310
1,307
291
3,908
447
Notes payable
67,281
4,436
–
71,717
–
–
608
–
608
–
Net pension liability
Financed purchases payable, long-term portion
Payable from restricted assets:
Revenue bonds payable, long-term portion
708,132
–
–
708,132
–
Total noncurrent liabilities
871,049
84,108
12,831
967,988
10,441
1,056,971
98,941
14,641
1,170,553
40,920
DEFERRED INFLOWS OF RESOURCES
Pension related items
22,498
10,135
3,023
35,656
–
Total deferred inflows of resources
22,498
10,135
3,023
35,656
–
62,783
Total liabilities
NET POSITION
1,260,177
127,289
247,726
1,635,192
Restricted for debt service
Net investment in capital assets
33,380
–
–
33,380
–
Unrestricted (deficit)
(50,860)
(94,037)
26,783
(118,114)
28,464
Total net position
$
1,242,697
$
33,252
$
274,509
$
1,550,458
$
1,575,001
Adjustment to reflect the consolidation of internal service fund activities related to proprietary fund
Net position of business-type activities
The notes to the financial statements are an integral part of this statement.
41
24,543
$
91,247
DeKalb County, Georgia
Proprietary Funds
Statement of Revenues, Expenses, and Changes in Net Position
For the Year Ended December 31, 2020
(in thousands of dollars)
Watershed
System
Nonmajor
Enterprise
Funds
Sanitation
Total
Enterprise
Funds
Internal
Service Funds
Operating revenues:
Metered sales
$
250,690
$
–
$
–
$
250,690
$
–
Collection and disposal fees
–
73,000
–
73,000
Rental fees
–
–
5,928
5,928
–
Intergovernmental
–
–
–
–
121
157,055
Charges for services
Miscellaneous
Total operating revenues
–
–
–
15,315
15,315
313
12
4
329
2,352
251,003
73,012
21,247
345,262
159,528
Operating expenses:
Salaries and employee benefits
71,469
9,709
9,413
90,591
10,713
Supplies
34,013
1,048
1,214
36,275
11,903
Operating services and charges
63,426
43,444
10,439
117,309
120,781
80
–
–
80
17
Depreciation and amortization
40,967
7,293
6,757
55,017
17,331
Total operating expenses
209,955
61,494
27,823
299,272
160,745
41,048
11,518
(6,576)
45,990
(1,217)
Miscellaneous
Operating income (loss)
Nonoperating revenues (expenses)
Interest income
Interest expense and amortization
Intergovernmental revenue
754
17
11
782
–
(37,082)
(80)
–
(37,162)
(52)
–
36
–
36
–
346
–
(1,558)
(1,212)
732
(35,982)
(27)
(1,547)
(37,556)
680
Income (loss) before capital contributions and transfers
5,066
11,491
(8,123)
8,434
(537)
Capital contributions – tap fees and donated assets from developers
21,580
–
–
21,580
–
–
–
155
155
–
(428)
(105)
(1,511)
(2,044)
–
26,218
11,386
(9,479)
28,125
(537)
Gain (loss) on sale of capital assets
Total nonoperating revenues (expenses)
Capital contributions – intergovernmental grant revenue
Transfers out
Change in net position
Net position – beginning
Net position – ending
1,216,479
$
1,242,697
Adjustment to reflect the consolidation of internal service fund activities related to proprietary funds
Change in net position of business-type activities
The notes to the financial statements are an integral part of this statement.
42
21,866
$
33,252
283,988
$
91,784
274,509
$
$
655
28,780
91,247
DeKalb County, Georgia
Proprietary Funds
Statement of Cash Flows
For the Year Ended December 31, 2020
(in thousands of dollars)
Cash flows from operating activities:
Cash received from customers
Receipt by interfund services provided
Cash payments to suppliers for goods and services
Cash payments to employees for services
Net cash provided by operating activities
Sanitation
$
74,758
(28,689)
(38,346)
7,723
Nonmajor
Enterprise
Funds
$
21,730
(12,458)
(8,788)
484
Total
Enterprise
Funds
$
336,580
(131,478)
(112,009)
93,093
(428)
(428)
(105)
(105)
(1,511)
(1,511)
(2,044)
(2,044)
–
(194,434)
21,580
(28,475)
(37,387)
67,281
3,259
(168,176)
(22,141)
36
(1,790)
(80)
3,647
(20,328)
(1,821)
155
(1,666)
(218,396)
21,771
(30,265)
(37,467)
70,928
3,259
(190,170)
(17,697)
(74)
762
(4,667)
(21,676)
754
754
17
17
11
11
782
782
–
$
(82,964)
250,588
167,624
$
(12,693)
12,693
–
$
(2,682)
43,159
40,477
$
(98,339)
306,440
208,101
$
12,931
52,652
65,583
$
41,048
$
11,518
$
(6,576)
$
45,990
$
(1,217)
Watershed
System
$
240,092
(90,331)
(64,875)
84,886
Cash flows from noncapital financing activities:
Transfers to other funds
Net cash used in noncapital financing activities
Cash flows from capital and related financing activities:
Acquisition and construction of capital assets
Capital grants and contributions
Principal payment on long-term debt
Interest payment on long-term debt
Proceeds from notes payable
Proceeds from sale of capital assets
Payments on financed purchases
Net cash used in by capital and related financing activities
Cash flows from investing activities:
Interest on investments
Net cash provided by investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
$
Internal
Service
Funds
161,746
(116,339)
(10,800)
34,607
Reconciliation of operating income (loss) to net cash provided by operating activities:
Operating income (loss)
Adjustments to reconcile operating income (loss) to net cash provided by operating
activities:
Depreciation and amortization
Change in assets, deferred inflows/outflows of resources, and liabilities:
Decrease in due from other funds
(Increase) decrease in due from other governments
(Increase) decrease in receivables
(Increase) decrease in inventories and prepaid items
Increase in payables
Increase in other liabilities
Decrease in payroll payable
Increase in compensated absences
Increase (decrease) in advance deposits
Increase (decrease) in due to other funds
Increase (decrease) in net pension liabilities and related
deferred inflows and outflows of resources
Net cash provided by operating activities
$
7,152
84,886
$
(28,148)
7,723
$
696
484
$
(20,300)
93,093
$
34,607
Noncash capital financing activities:
Noncash capital contributions
$
7,954
$
–
$
–
$
7,954
$
–
The notes to the financial statements are an integral part of this statement.
43
40,967
7,293
6,757
55,017
17,331
(84)
(10,828)
(450)
6,944
(1,294)
736
(40)
735
1,747
5,888
12,395
(799)
310
1,050
(3,531)
1,101
(618)
288
(188)
117
5
(1,098)
1,017
(9,699)
(450)
13,120
12,395
(2,281)
1,163
1,015
(3,894)
11,147
164
3,113
2,289
(247)
177
1,850
DeKalb County, Georgia
Fiduciary Funds
Statement of Fiduciary Net Position
December 31, 2020
(in thousands of dollars)
General
Employees’
Pension
ASSETS
Cash and cash equivalents
Investments:
Debt securities
Equities
$
Prepaid retirement contributions
Due from others
Interest and dividends receivable
Other receivables
Taxes receivables
Total assets
LIABILITIES
Accounts payable
Due to other funds
Due to others
Uncollected taxes
Total liabilities
NET POSITION
Restricted:
Pension benefits
Individuals, organizations and other governments
Total net position
The notes to the financial statements are an integral part of this statement
44
41,129
Custodial
Funds
$
50,543
310,807
1,293,004
–
10,113
2,222
411
1,657,686
222
122,048
172,813
2,131
4,994
7,125
31,273
122,048
153,321
1,650,561
$ 1,650,561
19,492
19,492
$
DeKalb County, Georgia
Fiduciary Funds
Statement of Changes in Fiduciary Net Position
For the Year Ended December 31, 2020
(in thousands of dollars)
General
Employees’
Pension
Additions:
Contributions:
Employer
Employee
Total contributions
Investment earnings:
Dividends and interest
Net increase in fair value of investments
Net investment income
Less investment expense
Total net investment income
$
68,212
28,457
96,669
Custodial
Funds
$
–
18,831
225,984
244,815
(4,847)
239,968
–
336,637
2,465,505
64,331
5,793
2,535,629
Deductions:
Benefit payments
Refunds of terminated members
Administrative expenses
Taxes and fees paid to other governments
Payments to Board of Commissioners
Other custodial disbursements
Total deductions
154,492
3,781
770
159,043
860,194
1,640,176
34,869
2,535,239
Net increase in fiduciary net position
177,594
390
1,472,967
19,102
Taxes
Fines and fees
Criminal and civil bonds
Total additions
Net position, beginning of year, as restated
Net position, end of year
$
The notes to the financial statements are an integral part of this statement.
45
1,650,561
$
19,492
DeKalb County, Georgia
Component Units
Statement of Net Position
December 31, 2020
(in thousands of dollars)
Public
Board of
Library
Health
Board
ASSETS
Cash and cash equivalents
$
Cash and cash equivalents, restricted
Accounts receivable (net)
Due from other governments
Capital assets (net)
7,318
$
Total
2,595
$
9,913
5,611
–
5,611
536
122
658
4,681
–
4,681
849
613
1,462
18,995
3,330
22,325
Pension related items
4,573
5,483
10,056
OPEB related items
1,252
–
1,252
5,825
5,483
11,308
Accounts and contracts payable
27
150
177
Payroll payable
548
–
548
1,548
–
1,548
256
60
316
Total assets
DEFERRED OUTFLOWS OF RESOURCES
Total deferred outflows of resources
LIABILITIES
Due to other governments
Noncurrent liabilities:
Due within one year
Due in more than one year
26,321
16,159
42,480
Total liabilities
28,700
16,369
45,069
879
452
1,331
DEFERRED INFLOWS OF RESOURCES
Pension related items
OPEB related items
Total deferred inflows of resources
8,143
–
8,143
9,022
452
9,474
849
539
1,388
8,376
–
8,376
NET POSITION (DEFICIT)
Net investment in capital assets
Restricted for programs
Unrestricted (deficit)
(22,127)
Total net position (deficit)
$ (12,902)
The notes to the financial statements are an integral part of this statement.
46
(8,547)
$
(8,008)
(30,674)
$
(20,910)
DeKalb County, Georgia
Component Units
Statement of Activities
For the Year Ended December 31, 2020
(in thousands of dollars)
Expenses
Board of Health
Public Library Board
Total component units
$
$
33,520
23,915
57,435
$
$
Program Revenue
Charges for
Operating Grants
Services
and Contributions
10,716
$
26,323
396
5
11,112
$
26,328
Net (Expense) Revenue and
Changes in Net Position
Public
Board of
Library
Health
Board
Total
$
3,519
$
$
3,519
(23,514)
(23,514)
3,519
(23,514)
(19,995)
General revenues:
Intergovernmental revenue from DeKalb County, not restricted for specific programs
Intergovernmental revenue from the State of Georgia , not restricted for specific programs
Unrestricted investment earnings
Miscellaneous
Total general revenues
Change in net position
Net position (deficit) – beginning
Net position (deficit) – ending
$
The notes to the financial statements are an integral part of this statement.
47
–
21,052
1,339
10
397
22,798
21,052
1,339
10
397
22,798
3,519
(16,421)
(12,902)
(716)
(7,292)
(8,008)
2,803
(23,713)
(20,910)
$
$
2020
DeKalb County Comprehensive Annual Financial Report
Note 1
Summary of Significant Accounting Policies
The financial statements have been prepared in conformity with U.S. generally accepted accounting principles (GAAP) as applied to governmental units.
The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for governmental units. DeKalb County, Georgia’s significant
accounting policies are described below.
A. Reporting entity
DeKalb County, Georgia (the “County”) was created by legislative act in 1822, and operates under an elected Chief Executive Officer and County
Commission (seven members) form of government. As required by GAAP, the financial statements of the financial reporting entity include those of DeKalb
County (the “primary government”) and its component units. Also, the fiduciary activities of the County’s pension plan and various constitutional officers,
judges, and other judicial officials are included in the fiduciary funds. These include the Tax Commissioner, Sheriff, Clerk of Superior Court, State Court,
State Court Probation, Juvenile Court, Probate Court, and Magistrate Court.
The component units described below are included in the County’s financial reporting entity because the County’s financial accountability for the entities
and the significance of their operational and financial relationships with the County. In conformity with GAAP, the financial statements of the DeKalb
County Board of Health and the DeKalb County Public Library Board have been included as discretely presented component units. The component unit’s
column in the financial statements includes the financial data for the County’s two component units, as reflected in their most recent audited financial
statements. These component units are reported in a column separate from the County’s financial information to emphasize that they are legally separate
from the County. The following discretely presented component units are incorporated into the County’s financial report:
DeKalb County Board of Health (the “Board of Health”) – The governing board of the Board of Health consists of seven members: the Chief
Executive Officer of the County, the Superintendent of the DeKalb County Board of Education (both by virtue of their offices), three members
appointed by the County Commission, and two members appointed by other jurisdictions. The County, by virtue of its appointments and the
presence of the Chief Executive Officer on the governing board, controls a majority of the Board of Health’s governing body positions. Although
the County does not have the authority to approve or modify the Board of Health’s operational and capital budgets, it does have the ability to
control the amount of funding it provides to the Board of Health. Such funding is significant to the overall operations of the Board of Health.
DeKalb County Public Library Board (the “Public Library Board”) – The governing board of the Public Library Board consists of twelve members:
the Chief Executive Officer of the County, the Executive Assistant to the Chief Executive Officer (both by virtue of their offices), eight members
appointed by the County Commission, and two members appointed by other jurisdictions. The County, by virtue of its appointments and the
presence of the Chief Executive Officer and the Executive Assistant to the Chief Executive Officer on the governing board, controls a majority of
Public Library Board governing body positions. Although the County does not have the authority to approve or modify the Public Library Board’s
operational and capital budgets, it does have the ability to control the amount of funding it provides to the Public Library Board. Such funding is
significant to the overall operations of the Public Library Board.
48
DeKalb County Annual Comprehensive Financial Report
2021
TABLE OF CONTENTS
Page
INTRODUCTORY SECTION: (UNAUDITED)
Letter of Transmittal …………………………………………………………………………………………………………………………………………………………………………… 1
Certificate of Achievement ………………………………………………………………………………………………………………………………………………………………….. 9
Organizational Chart ………………………………………………………………………………………………………………………………………………………………………… 10
Principal Officials ……………………………………………………………………………………………………………………………………………………………………………… 11
Department of Finance ……………………………………………………………………………………………………………………………………………………………………… 13
Accounting Services Division …………………………………………………………………………………………………………………………………………………………….. 14
FINANCIAL SECTION
Independent Auditors’ Report ……………………………………………………………………………………………………………………………………………………………. 15
Management’s Discussion and Analysis (Unaudited) ……………………………………………………………………………………………………………………………. 20
Basic Financial Statements:
Government-wide Financial Statements:
Statement of Net Position ………………………………………………………………………………………………………………………………….. 34
Statement of Activities ………………………………………………………………………………………………………………………………………. 35
Fund Financial Statements:
Governmental Funds Financial Statements:
Balance Sheet ………………………………………………………………………………………………………………………………………………….. 36
Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position ………………………………………. 37
Statement of Revenues, Expenditures, and Changes in Fund Balances ………………………………………………………………….. 38
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances
to the Statement of Activities …………………………………………………………………………………………………………………………. 39
Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – General Fund …………….. 40
DeKalb County Annual Comprehensive Financial Report
TABLE OF CONTENTS (Continued)
2021
Page
Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Major Special
Revenue Funds- Special Tax District – Designated Services …………………………………………………………………………………. 42
Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Major Special Revenue
Funds-Special Tax District – Unincorporated ……………………………………………………………………………………………………….. 42
Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Major Special Revenue
Funds- Special Tax District – Police Services ………………………………………………………………………………………………………. 42
Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Major Special Revenue
Funds- Special Tax District – Fire ……………………………………………………………………………………………………………………….. 43
Proprietary Funds Financial Statements:
Statement of Net Position ………………………………………………………………………………………………………………………………….. 44
Statement of Revenues, Expenses, and Changes in Net Position…………………………………………………………………………… 46
Statement of Cash Flows …………………………………………………………………………………………………………………………………… 47
Fiduciary Funds Financial Statements:
Statement of Fiduciary Net Position…………………………………………………………………………………………………………………….. 48
Statement of Changes in Fiduciary Net Position …………………………………………………………………………………………………… 49
Component Units Financial Statements:
Statement of Net Position ………………………………………………………………………………………………………………………………….. 50
Statement of Activities ………………………………………………………………………………………………………………………………………. 51
Notes to the Financial Statements ………………………………………………………………………………………………………………………………………….. 52
2021
DeKalb County Annual Comprehensive Financial Report
Government-wide Financial Analysis
As previously noted, over time, net position
serves as a useful indicator of a government’s
financial position. In the case of DeKalb
County, assets and deferred outflows of
resources exceeded liabilities and deferred
inflows of resources by $1,408,706,000 at the
close of the most recent fiscal year. This
represents an increase of $228,523,000 or
more than 19.36% from fiscal year 2020.
By far the largest portion of the County’s net
position on December 31, 2021, reflects its
investment in capital assets (e.g., land,
buildings, machinery, and equipment), less
any retained outstanding debt used to
acquire those assets. The County uses these
capital assets to provide services to
residents: consequently, these assets are not
available for future spending. Although the
County’s investment in capital assets is
reported net of related debt, it should be
noted that the resources needed to repay this
debt must be provided from other sources,
since the capital assets themselves are not
planned to be used to liquidate these
liabilities.
DeKalb County’s Net Position
December 31, 2021 and 2020
(in thousands of dollars)
Governmental Activities
2021
$
Current and other assets
2020 (restated)
$
475,091
2021
$
Total Primary Government
2020 (restated)
234,799
$
285,591
2021
$
887,292
2020 (restated)
$
760,682
1,247,198
1,227,917
2,272,621
2,183,639
3,519,819
3,411,558
1,899,691
1,703,008
2,507,420
2,469,230
4,407,111
4,172,240
Deferred outflows of resources
51,228
99,773
9,466
21,176
60,694
120,949
Long-term liabilities outstanding
1,436,673
1,532,140
1,001,316
968,368
2,437,989
2,500,508
Capital assets
Total assets
Other Liabilities
Total liabilities
Deferred inflows of resources
158,791
117,166
148,090
197,041
306,881
3…