HomeMy WebLinkAboutCity of Riverdale - Public Financial ReportCITY OF RIVERDALE
Popular Annual Financial Report –for the fiscal year ended June 30, 2021
Riverdale’s Town Centre
City Manager Message
Dear Citizen of Riverdale,
Thank you for your interest in our city government. As stewards of your tax dollars our aim is to
be as transparent as possible in all facets of your government. We hope this Popular Annual
Financial Report (PAFR) will enable you to better understand the financial priorities and
responsibilities of our city.
Should you have any questions regarding this information, or any other program or activity of
the City of Riverdale, we hope you will feel free to contact us.
Respectfully,
E. Scott Wood
City Manager
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Riverdale PAFR 2021
Financial Report Message
The City of Riverdale Finance Department is pleased to present the “popular” form of the City’s Annual Comprehensive Financial
Report (ACFR), the Popular Annual Financial Report (PAFR).
The City’s PAFR is a user-friendly report of our City’s financial operations in 2021. The audited financial report of the City financials is
the City’s ACFR. The average citizen may find it difficult to interpret the vast amount of data in the ACFR. The PAFR is designed to make
the City’s finances easier to understand and to communicate with our citizens where dollars come from and how they are spent.
The ACFR is a detailed account of the City’s financial statements, notes, schedules, and statistics. The ACFR was prepared in conformity
with Generally Accepted Accounting Principles (GAAP) and was audited by Mauldin & Jenkins, LLC, Certified Public Accountants,200
Galleria Parkway, S.E., Suite 1700, Atlanta, Georgia 30339-0080. The audit provides a level of assurance to the City Council, the
financial community, and the citizens that these financial statements are free of material misstatement. Based on the audit, Mauldin &
Jenkins, LLC concluded, in an unmodified opinion (meaning without reservations of any kind), that the City of Riverdale’s financial
statements for the fiscal year ended June 30, 2021 are fairly presented and in conformity with GAAP.
The PAFR is not intended to supplant the ACFR, It is intended as a supplement for an executive summary level briefing on City services
and the overall financial condition of the City. For a complete review of the City’s financial status for the recently concluded fiscal year,
the FY 2021 ACFR and the FY 2022 budget documents can be found on the City’s website under departments, Finance.
Thank you for your interest in the City of Riverdale’s government and its functions. Please feel free to ask questions about the PAFR, the
ACFR or the budget document. Questions or comments should be directed to Donald G Turner, CPA, CGMA, Director of Finance and
Administrative Services, email dturner@riverdalega.gov
Respectfully Submitted
Donald G Turner, CPA, CGMA
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Riverdale PAFR 2021
Table of Contents
Riverdale Quick Facts 1
Location 2
Governing Body 3
Organizational Chart 4
Departments and Services 5
Financial Information 9
Contact Information 19
The Complete Annual Budget and Annual
Comprehensive Financial Report are available at
Town Hall and the City’s website
www.riverdalega.gov.
Riverdale PAFR 2021
Riverdale Public Safety Building
6690 Church Street
Then
Now
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Riverdale Quick Facts
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1
Buddhist Temple
Designed by I.M. Pei
Riverdale Centre
Veteran’s Memorial
Incorporated: 1908
Form of Government: City Council / City Manager
Governing Body: 4 Council Members and I Mayor elected to
four year terms
Population- (est.): 15,698
Median Age: 34.7
Median Household Income: $34,880
Median Housing Value: $81,300
Area In Square Miles 4.5
Acres of Parks: 12
Operating Budget - 2021: $14,669,905
Employees: 138
Unemployment Rate 4.70%
2016 Operating Mill Levy (City): 11.48
2016 Total Mill Levy (State, City, County, School): 47.08
2017 Sales & Use Tax Rate: 7%
Location
RIVERDALE
The City of Riverdale is in Clayton County and
located in the center of the 20 county Atlanta
Metropolitan Statistical Area, just south of
I-75, I-285, west of I-675 and 10 minutes south
of Hartsfield-Jackson Atlanta Airport.
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Governing Body
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The Honorable
Frank Cobbs,
Council Member,
Ward 2
The Honorable
Kenny Ruffin,
Council Member,
Ward 4
The Honorable
Wanda Wallace,
Council Member,
Ward 3
Dr. Evelyn Wynn-Dixon,
Mayor
The Honorable
Mary Granison,
Council Member,
Ward 1
Organizational Chart
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Departments and Services
CITY CLERK
Responsible for maintaining all official records and documentation of the city. The department utilizes a state-of-the-art
computer software system to meet strict legal standards and to ensure compliance with all laws, including Open Meetings and
Open Records regulations.
COMMUNITY DEVELOPMENT
Community Development is responsible for all:
Property zoning.
Land use permitting.
Building permits.
COURT SERVICES
Processes traffic and other citations, issues warrants, maintains municipal court records, and monitors individuals placed on
probation for municipal offenses.
GENERAL SERVICES
Responsible for daily maintenance of all city owned land, buildings, parks, streets, and sidewalks, including the oversight of
capital improvements. The City of Riverdale has a total of approximately 50 miles of city streets contained within a 4.3
square mile area.
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Departments and Services
TOWN CENTER
Cultural Affairs: Sponsors a variety of cultural activities and programs including fitness classes, educational enhancement activities
and seasonal special events. The Department provides services to promote and enhance the community in culture and healthy
living.
RECREATION
Recreation: Offers athletic opportunities for youth in football, cheerleading, basketball and baseball as well as basketball and
kickball for adults.
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FINANCE AND ADMINISTRATIVE SERVICES
The department is divided into five divisions:
Finance: Directly responsible for most financial affairs of the
city, which are complex and demanding. In 2020, the City of
Riverdale Finance Department was awarded the Government
Finance Officers Association Certificate of Achievement for
Excellence in Financial Reporting and the Award for
Outstanding Achievement in Popular Annual Financial
Reporting.
Human Resources: Assists in employee recruitment, administers
personnel policies, manages employee benefits programs,
and ensures compliance with city personnel policies and
federal and state employment laws.
Information Technology: Manages the technology needs of all
City of Riverdale departments.
Fleet Maintenance: Maintains all the vehicles in the City’s
fleet.
Business Services: Issues business and alcohol licenses.
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Riverdale PAFR 2021
Departments and Services
Departments and Services
FIRE
One of two primary public safety agencies in the city. Responsible for firefighting, emergency medical responses, and fire
prevention throughout the city. Maintains an automatic aide agreement with Clayton County and responds to many fire calls
outside the city limits.
POLICE
The second agency responsible for public safety in the city. This department is divided into six divisions:
Administrative: Responsible for the management of the entire department;
Field Operations: Includes Patrol and Criminal Investigations Units, provides the most visible public presence in the community;
Office of Professional Standards: Responsible for internal and background investigations, grants, training, and certifications.
Support: Maintains evidence and legal records.
Communications: Handles all incoming calls for services for the police and fire departments.
Code Enforcement: Ensures compliance with all state and federal building codes.
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Financial Information
More formally referred to as the Statement of Net Position, the City’s balance sheet reflects a strong and healthy financial condition as of
June 30, 2021. The assets of the City exceeded its liabilities on June 30, 2021, by approximately $38.1 million (net position).
Total assets increased by approximately $9 million due mostly to increased SPLOST collections, the proceeds of two new debt issues and
Federal grants. The City’s liabilities increased by $5.3 million, due largely to a capital lease for three new fire trucks and a certificate of
participation used to renovate the Public safety building.
As you can see, the City has improved financially each year.
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2017 2018 2019 2020 2021
Assets
Current Assets and Other Assets 11,854$ 16,248$ 17,691$ 19,219$ 26,553$
Capital Assets 30,716 30,538 31,336 30,556 32,263
Total Assets 42,570 46,786 49,027 49,775 58,816
Defered Outflows of Resources - 139 179 408 433
Liabilities
Current Liabiliites 2,757 3,013 2,916 3,012 3,596
Non-current Liabilities 13,014 13,179 12,615 12,185 16,942
Total Liabilities 15,771 16,192 15,531 15,197 20,538
Defered Inflows of Resources 266 203 366 524 546
Net Position 26,533$ 30,530$ 33,309$ 34,462$ 38,165$
STATEMENT OF NET POSITION AS OF JUNE 30th
(In thousands of dollars)
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Financial Information
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
2014 2015 2016 2017 2018 2019 2020 2021
Net Position -8 Year Comparison
(in thousands)
Financial Information
More formally referred to as the Statement of Activities, the City’s income statement reflects all the financial activity for the City during
the fiscal year ended June 30, 2021. This statement presents information to show how the City’s net assets changed during the year as a
result of the financial activity (i.e.revenues and expenses). This is a summarized version of the more detailed income statement found in
the City’s complete Annual Comprehensive Financial Report.
FY 2021 revenues increased primarily due to Federal grant money received.
Expenditures decreased primarily due to the cost of renovating fire station 2 in fiscal year 2020.
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2017 2018 2019 2020 2021
Revenues 16,253$ 19,679$ 17,494$ 17,004$ 19,252$
Expenses (15,091)(15,221)(14,661)(15,851)(15,549)
Increase in Net Position 1,162 4,458 2,833 1,153 3,703
Net Position, Beginning of Year 24,856 26,018 30,476 33,309 34,462
Net Position, End of Year 26,018$ 30,476$ 33,309$ 34,462$ 38,165$
(In thousands of dollars)
STATEMENT OF ACTIVITIES FOR THE FISCAL YEAR ENDED JUNE 30th
Financial Information
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$4,345,743 ,
24%
$5,044,602 ,
27%$2,440,181 ,
13%
$87,875 , 0%
$278,921 , 2%
$4,207,252 ,
23%
$199,566 , 1%
$743,267 , 4%$1,020,393 ,
6%
Where The Money Came From -Governmental Funds
Property Taxes
Sales Taxes
Other Taxes
Charges for Services
Licenses & Permits
Intergovernmental
Other Revenues
Franchise Fees
Fines & Forfeitures
Financial Information
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6,515,624 ,
38%
556,465 , 3%
5,866,502 ,
34%
321,138 ,
2%
808,311 ,
5%
832,938 , 5%935,676 , 5%
1,307,976 , 8%
Where The Money Went -Governmental Funds
General Government
Judicial
Public Safety
Public Works
Culture and Recreation
Economic Development
Capital Outlay
Debt Service (includes
principal & interest)
Financial Information
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0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
2014 2015 2016 2017 2018 2019 2020 2021
General Fund Other Gov't Funds
Fund Balances –8 Year Comparison (in thousands)
FY 2018 General Fund balance includes $2.4 million received from a State grant. Other Governmental Funds balances
for the last four years include collected SLOST revenues which have not been expended yet. FY 2021 Other
Governmental Funds balance includes a Federal Grant of $2.9 million.
Financial Information
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-
100
200
300
400
500
600
700
800
900
1,000
2014 2015 2016 2017 2018 2019 2020 2021
Revenues Expenses
Solid Waste Fund Revenues & Expenses –8 Year Comparison
(in thousands)
Contact Information
Riverdale PAFR 2021
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0.000
5.000
10.000
15.000
20.000
2013 2014 2015 2016 2017 2018 2019 2020
State City County School District
Property Tax Millage Rates –8 Year Comparison
Financial Information
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Financial Information
-
1,000
2,000
3,000
4,000
5,000
2014 2015 2016 2017 2018 2019 2020 2021
Property Tax Revenues-8 Year Comparison(in thousands)
The millage rate was increased, in FY 2017, by 1.50 mills to 11.48.
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Financial Information
0
1,000
2,000
3,000
4,000
5,000
6,000
2014 2015 2016 2017 2018 2019 2020 2021
Local Option Sales Tax Revenues –8 Year Comparison(in thousands)
In FY 2013, the Cities and the County renegotiated the Local Option Sales Tax distribution percentages. The renegotiated
percentage was phased in over four years starting in FY 2014 with the percentage increasing each year until the final rate
was reached in FY 2017. In FY 2019, sales tax revenues decreased due to an unfavorable FAA ruling that prohibited the
City from collecting sales tax on jet fuel.
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CITY HALL City Hall -(770) 909-8989
City Manager -(770) 909-5390
City Clerk -(770) 909-5394
CULTURAL &RECREATION Town Centre -(770) 909-5300
Athletics –(770) 909-5304
COMMUNITY DEVEOPMENT Planning & Zoning -(770) 909-5399
Economic Development –(770) 909-5399
Permits-(770) 909-5486
PUBLIC WORKS Buildings, Streets & Roads –(770) 909-5491
Solid Waste –(770) 909-5491
COURT SERVICES Court Services -(770) 991-0462, ext. 2
Probation -(770) 991-0462, ext. 5
FINANCE Administration -(770) 909-5500
Payroll -(770) 909-5503
Accounts Payable -(770) 909-5507
Property Tax -(770) 909-5501
Business Licenses-(770) 996-5487
IT DEPARTMENT (770) 909-5505
HUMAN RESOURCES (770) 909-5503
PUBLIC SAFETY Emergency -911
POLICE Administration -(770) 909-5400
Communications-(770) 909-5423
Investigations -(770) 909-5437
Code Enforcement-(770) 909-5476
FIRE Administration -(770) 909-5454
FLEET MAINTENANCE (770) 909-5436
Contact Information
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