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Lehigh County (Pa.) 2006 Financial Statements

Lehigh County (Pa.) 2006 Financial Statements

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Published by Scott Ott
Financial Statements and Independent Auditor's Report
Financial Statements and Independent Auditor's Report

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Published by: Scott Ott on Oct 18, 2012
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County of Lehigh, Pennsylvania December 31, 2006 
 Financial Statements and Independent Auditors’ Report
 
County of LehighYear Ended December 31, 2006TABLE OF CONTENTS
PageIndependent Auditors’ Report on Basic Financial Statements
…………………………………..……………………..1
Management’s Discussion and Analysis
……………….…………………………………………………………………3
Basic Financial Statements
Government-wide Financial StatementsStatement of Net Assets……………………………………………………………………………………….…...11Statement of Activities…………………………………………………………………………………………..…12Fund Financial StatementsBalance Sheet – Governmental Funds……………………………………………………………….………….…13Reconciliation of Balance Sheet of Governmental Funds to the Statement of Net Assets………………………...14Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds…………………..15Reconciliation of the Statement of Revenues, Expenditures and Changes inFund Balances of Governmental Funds to the Statement of Activities………………………………………....16Statement of Net Assets – Proprietary Funds……………………………………………………………..………..17Statement of Revenues, Expenses and Changes in Fund Net Assets – Proprietary Funds……………...……….....18Statement of Cash Flows – Proprietary Funds……………………………………………………………….……..19Statement of Fiduciary Net Assets – Fiduciary Funds……………………………………………………...…..…..20Statement of Changes in Fiduciary Net Assets……………………………………………………………….…….21
Notes to Financial Statements
1
 
Summary of Significant Accounting Policies………….……………………………………….….…...222
 
Deposit and Investment Risk….……………………………………….………………….……..…..….313
 
Long-term Obligations……………………………………………….…………………………..….….334
 
Interfund Transfers…………………...……………………………..……………………………….…345
 
Capital Assets……………………………………………………….………………...………….….…356
 
Employees’ Retirement Fund……………………………………..….……………………….…….….367
 
Postemployment Benefits Other Than Retirement Fund……………………………………………….388
 
Risk Management…………………………………………………….………………………….……..399
 
Restricted Assets……………………………………………………………………………………….4010
 
Reserved Fund Balances/Net Assets…………………..……………………………………………….4111
 
Litigation…….…..……………………………………….…………………………………………….4112
 
Agreement with Lehigh County Authority…………………………………………………………….4113
 
Subsequent Event………………………………………………………………………………………42
Required Supplemental Information
Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget (Cash Basis) and Actual –General Fund………………………………………………………………………………………………..…...…….43Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget (Cash Basis) and Actual –Health Choices Fund………………………………………………………………………………………....………..45Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget (Cash Basis) and Actual –Children and Youth Fund………………………………………………………………………………..…………….47Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget (Cash Basis) and Actual –Mental Retardation Fund…………………………………………………………………………...…………...……..49
 
 

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