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2011 Comprehensive Annual Financial Report (CAFR)

2011 Comprehensive Annual Financial Report (CAFR)

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Published by Port of Tacoma
This audited report provides a thorough and detailed presentation of the Port's financial condition. It is generally issued six months after the Port's Dec. 31 year-end. The report contains three sections: introductory, financial and statistical.

This audited report provides a thorough and detailed presentation of the Port's financial condition. It is generally issued six months after the Port's Dec. 31 year-end. The report contains three sections: introductory, financial and statistical.

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Categories:Business/Law, Finance
Published by: Port of Tacoma on Jun 27, 2012
Copyright:Attribution Non-commercial

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02/27/2013

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Comprehensive AnnualFinancial Report
Port of TacomaTacoma, WashingtonFor year end December 31, 2011
 
Prepared by the Finance Department, Port of Tacoma
PORT OF TACOMA
 
COMPREHENSIVE ANNUAL FINANCIAL REPORTFor the Year Ended December 31, 2011TABLE OF CONTENTS
Page
INTRODUCTORY SECTION - FINANCE AND ADMINISTRATION
 Chief Financial Officer’s Transmittal Letter ...................................................................................................... 3-7Certificate of Achievement for Excellence in Financial Reporting ....................................................................... 8Port of Tacoma Leadership ................................................................................................................................. 9Organization Chart ............................................................................................................................................ 10List of Principal Officials .................................................................................................................................... 11
FINANCIAL SECTION
 Independent Auditor’s Report ........................................................................................................................... 13Management’s Discussion and Analysis ...................................................................................................... 14-20Enterprise Fund Statements of Net Assets .................................................................................................. 22-23Enterprise Fund Statements of Revenues, Expenses and Changes in Net Assets .......................................... 24Enterprise Fund Statements of Cash Flows ................................................................................................. 25-26Post-Employment Health Care Benefits Trust Fund Statements of Net Assets ................................................ 27Post-Employment Health Care Benefits Trust Fund Statements of Revenues, Expenses and Changes in Net Assets ............................................................................................................................................................... 28Notes to Financial Statements ..................................................................................................................... 29-55
STATISTICAL SECTION
(unaudited)Net Assets by Component - Last Ten Fiscal Years ........................................................................................... 58Changes in Net Assets - Last Ten Fiscal Years ................................................................................................ 59 Assessed and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years ....................................... 60Property Tax Rates - Direct and Overlapping Governments - Last Ten Fiscal Years ....................................... 61Principal Property Tax Payers ........................................................................................................................... 62Property Tax Levies and Collections - Last Ten Fiscal Years ........................................................................... 63Ratios of Outstanding Debt by Type - Last Ten Fiscal Years ........................................................................... 64Ratios of General Obligation Bonds - Last Ten Fiscal Years ............................................................................ 65Computation of Direct and Overlapping General Obligation Debt ..................................................................... 66Computation of Legal Debt Margin - Last Ten Fiscal Years .............................................................................. 67Revenue Bonds Coverage by Type - Last Ten Fiscal Years ............................................................................ 68Demographic Statistics - Last Ten Fiscal Years................................................................................................ 69Pierce County Major Employers ........................................................................................................................ 70Number of Port Employees by Function - Last Ten Fiscal Years ...................................................................... 71Marine Terminal Tonnage and Statistics - Last Ten Fiscal Years ..................................................................... 72Marine Terminal Description ............................................................................................................................. 73

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