CAFR 2006

Comprehensive Annual Financial Report 2006

Comprehensive Annual Financial Report 2006

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Introductory Section

19 pages (2171KB)

Cover Page(591KB)
Title Page
Table of Contents
Letter of Transmittal (9 pages, 1133KB)
Organization Chart
Elected Officials
Government Finance Officers Association "Certificate of Achievement for Excellence in
Financial Reporting" Award

Financial Section

21 pages (2648KB)

Independent Auditor's Report
Management's Discussion and Analysis (MD&A) (17 pages, 2442KB)

17 pages (1102KB)

	Government-wide Financial Statements:
	Statement of Net Assets
	Statement of Activities
	Fund Financial Statements:
	Balance Sheet – Governmental Funds
	Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds
	Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities
	General Fund – Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual
	Public Health Fund – Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual
	Statement of Net Assets – Proprietary Funds
	Statement of Revenues, Expenditures, and Changes in Fund Net Assets – Proprietary Funds
	Statement of Cash Flows – Proprietary Funds
	Statement of Fiduciary Net Assets – Fiduciary Funds
	Statement of Changes in Fiduciary Net Assets – Fiduciary Funds
	Statement of Net Assets – Component Units
	Statement of Activities – Component Units

86 pages (9088KB)

	Notes to Financial Statements:
	Note 1 – Summary of Significant Accounting Policies(15 pages, 2024KB)
	Note 2 – Reconciliation of Government-wide and Fund Financial Statements
	Note 3 – Stewardship, Compliance, and Accountability
	Note 4 – Deposits, Investments and Receivables
	Note 5 – Property Taxation
	Note 6 – Capital Assets
	Note 7 – Restricted Assets
	Note 8 – Pension Plans
	Note 9 – Post-employment Benefits
	Note 10 – Risk Management
	Note 11 – Leases
	Note 12 – Landfill Closure and Post-closure Care Costs
	Note 13 – Debt
	Note 14 – Interfund Balances and Transfers
	Note 15 – Restrictions, Reserves, Designations, and Changes in Equity
	Note 16 – Legal Matters, Contingent Liabilities, and Other Commitments
	REQUIRED SUPPLEMENTARY INFORMATION:
	Condition Assessments and Preservation of Infrastructure Eligible for Modified Approach

COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES AND
SUPPLEMENTARY INFORMATION

71 pages (4084KB)

	Nonmajor Governmental Funds:
	Fund Descriptions
	Combining Balance Sheet
	Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
	Subcombining Balance Sheets:
	Special Revenue Funds
	Debt Service Funds
	Capital Projects Funds
	Subcombining Statements of Revenues, Expenditures, and Changes in Fund Balances:
	Special Revenue Funds
	Debt Service Funds
	Capital Projects Funds
	Governmental Funds with Annual Budgets – Schedule of Annual Budgets and Expenditures (Budgetary Basis) and Encumbrances by Appropriation Unit
	Individual Governmental Funds:
	Budgetary Comparison Schedules
	General Fund
	Public Health Fund
	Nonmajor Governmental Funds with Annual Budgets
	Special Revenue:
	Alcoholism and Substance Abuse Services Fund
	Arts and Cultural Development Fund
	Automated Fingerprint Identification System Fund
	Clark Contract Administration Fund
	County Road Fund
	Development and Environmental Services Fund
	Developmental Disabilities Fund
	Emergency Medical Services Fund
	Enhanced 911 Emergency Telephone System Fund
	Intercounty River Improvement Fund
	Local Hazardous Waste Fund
	Logan/Knox Settlement Fund
	Mental Health Fund
	Noxious Weed Control Fund
	Parks and Recreation Fund
	Recorder's Operation and Maintenance Fund
	Risk Abatement Fund
	River Improvement Fund
	Surface Water Management Fund
	Veterans and Human Services Fund
	Veterans' Relief Fund
	Youth Employment Programs Fund
	Youth Sports Facilities Grant Fund
	Debt Service:
	Limited General Obligation Bond Redemption Fund
	Stadium General Obligation Bond Redemption Fund
	Unlimited General Obligation Bond Redemption Fund
	General Fund Comparative Balance Sheets – 2006 and 2005
	Nonmajor Capital Projects Funds:
	Balance Sheets (Legal Basis)
	Office of Information Resource Management Capital
	Technology Systems Capital
	Schedules of Revenues, Expenditures, and Changes in Fund Balance(Legal Basis)
	Office of Information Resource Capital
	Technology Systems Capital

17 pages (1093KB)

	Enterprise Funds:
	Nonmajor Enterprise Funds
	Fund Descriptions
	Combining Statement of Net Assets
	Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets
	Combining Statement of Cash Flows
	Internal Service Funds:
	Fund Descriptions
	Combining Statement of Net Assets
	Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets
	Combining Statement of Cash Flows

17pages (1132KB)

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

Statistical Section

23pages (1554KB)

	Financial Trends:
	Net Assets by Component
	Changes in Net Assets
	Fund Balances, Governmental Funds
	Changes in Fund Balances, Governmental Funds

	Revenue Capacity:
	Assessed and Estimated Actual Value of Taxable Property
	Direct and Overlapping Governments' Property Tax Rates
	Principal Property Tax Payers
	Property Tax Levies and Collections

	Debt Capacity:
	Ratios of General Bonded Debt Outstanding
	Direct and Overlapping Governmental Activities Debt
	Legal Debt Margin Information
	Ratios of Outstanding Debt by Type
	Special Taxes and Revenues Collections, Limited Tax GO Bonds
	Additional Coverage Ratios for the Water Quality Enterprise
	Revenue Bond Coverage for the Water Quality Enterprise

	Demographic and Economic Information:
	Demographic and Economic Statistics
	Principal Employers of King County by Major Industry
	Ten Largest Customers of the Water Quality Enterprise

	Operating Information:
	Full-Time Equivalent County Government Employees by Function
	Operating and Capital Indicators by Function

Prepared By

Department of Executive Services
Finance and Business Operations Division
Financial Management Section

For comments or questions, contact:
David A. Turley ph: 206-296-7318
Donald W. Robinson ph: 206-296-7325
King County Administration Building
500 Fourth Avenue, Room 653
Seattle, WA 98104-2364
dave.turley@kingcounty.gov
don.robinson@kingcounty.gov

Alternate Contact:
Pete Anthony
Chief Accountant/Manager
pete.anthony@kingcounty.gov

Contact information:

		Web	www.metrokc.gov/finance/fm.aspx
		Call	206-296-7341(TTY Relay: 711)
		Fax	206-296-7303
		E-mail	DOFweb.finance@kingcounty.gov
		Address	King County Department of Executive Services
			Finance and Business Operations Division
			Financial Management Section
			Manager: Pete Anthony
			ADM-ES-0600
			500 Fourth Ave.
			Seattle, WA 98104 - 1598
			Office hours: 8 a.m.- 5 p.m.