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Home My WebLink AboutMahoning County - Public Financial Report s 11. ,a { 4 llA ,. a i MilI I i,r 41111111116, :^:;,. _•n_. 4T In : it n , , �--r 11 q 11 11 11 11 11 nr a rr .rr.r... r: d i�q � * i jDIIj1j _ .. 11j1 �-rn n rr a. ::: :: , I uI tl rp ra tl a ::: :;�r:n m y LI■ U. 1 � Iaa , I. 1111_. r..a 1 1 N.- tip; r�r ill lift' ' i y � i t I. illA ant.ilibill 1 - ..�.- r--ter.. i f . POPULAR ANNUAL FINANCIAL REPORT Mahoning County, Ohio Fiscal Year Ending 12/31 /21 I /11r*4 4 ,1 1 ..t. E , ,i, , G COiA This page intentionally left blank. TABLE CONTENTS w Page Auditor's Message 2 Elected Officials 3 Mahoning County 4 Mahoning County Facts 5 Auditor's Office Functions 6 Auditor's Office Organizational Chart 7 Economic Development 8 Mahoning County — A Great Place to Live, Work and Play 10 Economic Indicators 13 Property Tax Distributions TY2018 — TY2020 14 Financial Statement Activity 16 Revenues and Expenses 18 Financial Position Statement 20 Investments and Debt Instruments 21 - 1 - AUDITOR'S MESSAGE June 30, 2022 To the Citizens of Mahoning County, I am pleased to present the Mahoning County Popular Annual Financial Report (PAFR) for the year ended December 31, 2021. This report provides a brief analysis of the County's expenses and revenues as well as providing an overview of trends in the local economy. The information in this report was drawn from the 2021 Annual Comprehensive Financial Report (ACFR). The ACFR is my utF nceUc Azw°atlon comprised of detailed financial statements, notes, schedules and Award for statistical information. The ACFR was prepared in accordance Outstanding Achievement in with Generally Accepted Accounting Principles (GAAP) and Popular Annual audited by the Ohio Auditor of State, receiving an unmodified Financial Reporting opinion. An unmodified opinion is given when an auditor can Mahoniug County state the financial statements are presented fairly in all material Ohio respects. The PAFR, however, is unaudited and is a o;tsAmu F ac;aRp°rt for the Fiscal Year Ended summarized report that presents selected financial and statistical December 31,2020 information for the primary government, which includes n Ezenmv Direct°r/CEO governmental and business-type activities. Mahoning County has received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA)for the years 2015- 2020 and has also been the recipient of the Award for Outstanding Achievement in Popular Annual Financial Reporting for its PAFR for the same years. Additionally, Mahoning County was presented with the Ohio Auditor of State Award with Distinction for fiscal year 2018. Readers desiring more detailed financial statements and the full disclosure GAAP basis accounting information can obtain copies of the ACFR at the Auditor's Office or online at www.mahoningcountyoh.gov/auditor. As you review our PAFR for 2021, I invite you to share any comments, questions, or recommendations you may have. Very truly yours, Ralph T. Meacham, CPA - 2 - ELECTED OFFICIALS Board of County Commissioners President David Ditzler Vice-President Anthony Traficanti Commissioner Carol Rimedio-Righetti Other Elected Officials Auditor Ralph T. Meacham Clerk of Courts Anthony Vivo, Jr. Coroner Dr. David Kennedy Engineer Patrick Ginnetti Prosecutor Paul Gains Recorder _ Noralynn Palermo Sheriff Jerold Greene Treasurer Daniel Yemma Judges Common Pleas Court Honorable John Durkin Honorable Anthony Donofrio Honorable R. Scott Krichbaum Honorable Maureen Sweeney Honorable Anthony D'Apolito Common Pleas Court— Domestic Division Honorable Beth Smith Common Pleas Court—Juvenile Division Honorable Theresa Dellick Common Pleas Court— Probate Division Honorable Robert Rusu Area Court No. 2 _Honorable Joseph Houser Area Court No. 3 _ Honorable Joseph L. Schiavoni Area Court No. 4 Honorable Scott Hunter Area Court No. 5 . Honorable Molly K. Johnson - 3 - MAHONING COUNTY Codtsv1012 / �o �o�fJ O Mo002g@ oft �M iII Mvagthav 4Q U �g610� a� � Q��° Q.- h tlk �+i �� Q o Z Qg g 4 i° =-4 'rip ° - vxlawA.ee y„ d.\O,'„„, 1q_ L -oho Y As�'. 1846 �, oti 6 �Q O Mahoning County, created in 1846, is located in northeast Ohio, on the southern border of Trumbull County, the eastern borders of Summit and Stark Counties, the northern border of Columbiana County and the western border of the State of Pennsylvania. The County is approximately 78 miles southeast of Cleveland and 62 miles northwest of Pittsburgh. Mahoning County encompasses 14 townships and 10 cities and villages, the largest of which is the City of Youngstown, the County seat. The County is in the Youngstown-Warren Ohio Metropolitan Statistical Area (MSA) comprised of Columbiana, Mahoning and Trumbull Counties, the 107th largest of 384 MSA's in the United States. Mahoning County operates as a political subdivision of the State of Ohio exercising only those powers conferred by the Ohio Legislature. The County voters elect a total of eleven legislative and administrative County Officials. The three member Board of Commissioners is the legislative and executive body of the County. The County Auditor is the chief fiscal officer and tax assessor while the County Treasurer serves as the custodian of all County funds and as tax collector. In addition, there are six other elected administrative officials provided for by Ohio law, which include: the Clerk of Courts, Recorder, Coroner, Engineer, Prosecuting Attorney and Sheriff. The judicial branch of the County includes five Common Pleas Court Judges, four County (area) Judges, one Domestic Relations Judge, one Juvenile Court Judge and one Probate Judge. Although these elected officials manage the internal operations of their respective departments, the County Commissioners authorize expenditures as well as serve as the budget and taxing authority, contracting body, and the chief administrators of public services for the County, including each of these departments. - 4 - MAHONING COUNTY FACTS __. M. 2021 Demographics ;kl=! 01 , , , .'` Population 226,762 �' s :: ',a ,.;ti 4 `; ' . " � Unemployment Rate 4.30% .Y, _ 4.. :° k: ;¢ Median Household Income $47,092 p > , $ _ I.Owner Occupied Housing Rate 69.60% `;-.;:,,r;;, Median Value of Occupied Housing Units $108,200 *,. r::1 Total Employment Within County 92,400 k; Total Business Establishments 5,295 . ' ,` ``. High School Graduate % 91.60% Bachelor Degree or Higher% 24.60% Ono 2021 Mahoning County Government AilP �� N.,...- _ Full-Time County Employees 1,425 ®® Total Payroll MahoningCounty81 878 165 J " %\ .. Y $ �. � � �_ Sales Tax Rate 7.25% 4: I Permissive Sales Tax Collected 51 722 139 '' i Assessed Taxable Value of Property $4,688,598,010 (1'e Property Taxes Collected (County Share) $44,124,417 ®4141%,mum 0.1.\7\4 '/ Total New Construction $42,038,570 ., Rit ,e„, k / Registered Voters 163,339 Courts Cases in Mahoning County 24,569 2021 Principal Employers 1. Mercy Health 4,400 Mahoning County 1,600Pririll.11.E—e Windsor House 1,500 pM 1E �� Youngstown State University 1,200 1 ill!! _— 4 it I ,�Y 1j . �, „h �I� Infocision Management 1,050 Illy W LI: Youngstown City Schools 1,000 1 i iiii Southwoods Health 1,000 i111� . " �' ,; Austintown Local Schools 865 • 19 n i,r t R 11•, €.n■ iiiIij iI Akron Children's Hospital 800 I. _-A:-.-.' .._::' ; Briarfield Manor Health Care 670 City of Youngstown 600 -- - - _ —r - 5 - AUDITOR'S OFFICE FUNCTIONS .... i -4 k d d i go. ,iii- ... 111 l G 1` t Fiscal Services Real Estate • Account for all revenues received • Appraises over 165,000 parcels of by the County annually. real property in Mahoning County. • Issue warrants for all County • Prepares the general tax list obligations. annually. • Serve as paymaster for all 1,425 • In charge of transferring all real County employees. estate changes in ownership. • Maintains all ownership records, • Administer and distribute collected acreage changes and real estate revenue to local subdivisions, splits. including: o Motor Vehicle License Tax • Provides information for o Gasoline Tax maintaining tax plat maps. o Local Government Funds • Administers the Current Agricultural o Public Library Funds Use Value (CAUV) program. • Administer the County's o Real Estate Taxes Homestead Exemption program. • Prepare and produce the County's • Conducts Board of Revision annual financial reports. hearings. k 11 OW II r.I "S \ � ' IL . I'�Ilr .�1 wN to , ; ..4 • Licensing_M Data Processing (IT) • Licensing agent in Mahoning • Approves all technology requests County for dog licenses, vendor over$1,000. licenses and cigarette licenses. • Support and maintain 48 servers • Licenses issued in 2021: and 1,025 workstations, including: o Dog: 25,228 o Operating systems o Vendor: 559 0 Application sets • State Issued: 448 o SQL database systems • County Issued: 111 o Internet/intranet services o Cigarette: 294 0 WAN/LAN and telephone • Maintain license databases services - 6 - AUDITOR'S OFFICE FLOW CHART Auditor Ralph T. Meacham, CPA 1 Chief Deputy Auditor Stacy Marling I I 1 , Director of Payroll Director of Accounting Director of Taxation Data Processing Board Dina Donatelli Alex Mangie,CPA Cheri Donofrio II Payroll Clerk II Office Manager Real Estate Supervisor Chief Appraiser Real Estate Accounting Director of IT - - - - Manager Lynn Dingey Christina Merdich Scott Crawford Heather DeJesus Jake Williams Manuel Santiago Accounting Clerk II - Real Estate Clerk I Appraiser II SR ERP Application Patricia Harrison I Analyst Terri Singleton Ashley Edwards - Jim Romeo Accounts Payable GIS Board - Clerk II - Real Estate Clerk I Appraiser I _System Administrator Kimberly Gray Sharon Willrich Celeste Pagan Bill Baxter GIS Office Accounting Clerk III Deputy Sealer of _ Coordinator Real Estate Clerk Ill Patrick Flanagan Weights hts and John Newhard - - y y IT Systems Analyst II Alisa Akuszewski Measures - Ronnie Maldonado Accounts Receivable John Kennedy Clerk I - Real Estate Clerk II GIS Systems Admin Betty Delfratte Lisa Kennedy GIS Analyst I Richard Bell Trish Nuskievicz - Manufacturered Network Support Application Support Homes Clerk II GIS Administrative PP PP - Support - Supervisor Supervisor Sandy Mitovich-Beam PP Ingrid Cassidy Brian Wright Cathy Lewis Homestead Clerk II Operations LAN Tech I Stephanie Hall Michael Adams Specialist George Hunter -Administrative Asst LAN Tech II Application Analyst I Linda Beshara Dennis Murphy II- Gwen Lewinsky- Welsh IT Systems Analyst I Help Desk Tech Matthew Cave Shannon Staul - 7 - ECONOMIC DEVELOPMENT ____._ _. 2021 Development Projects ahoning Valley Number of Projects 127 Total Investment $168,998,060 1 New Jobs Created 903 Existing Jobs Retained 1,119 Highlighted Mahoning County Projects 2021 Compan Macy's Y Location Jackson Township J111(raC Pro'ectFulfillmentCenternAPro'ect Size 400,000 sq. ft. renovation 11"' "'° - - $29.9 million ---- Jobs Created 417 aTax Credit/Incentiw 1 .5% credit for 8 years Company Valley Foods Inc. tY Location City of Youngstown Oe \ i' (1tS Pro'ect Plant/Warehouse Expansion ''tC'iLILI,jI Pro'ect Size 14,000 square feet inlmm_ $4.4 million - - _ Jobs Created 35 __ Tax Credit/In - • ' 75%, 10-year tax abatement on building improvements Compan Penguin City Beer + Location City of Youngstown _,, ,K..w— Pro'ect Brewery/Event Center C,ryBEkR Pro'ect Size 32,704 square feet - ' - - $3.7 million � ASoL,oBEERFORsoLIoPEoP�E Jobs Created 19+ e,„ - Fundin. Private loans/grant money - 8 - ECONOMIC DEVELOPMENT _ ___ Com•an - Washington Prime Group Location Boardman Township Project DeBartolo Commons E o 1_ t � Mall renovation and outdoor lI �. _°I--Ill € .1r is'' . " Project Scope mum. public use space/sports fields __ - Investment $30 million (over entire project) Fundin. Private Com•an Chick-Fil-A :F Location Austintown Township f ' Project New Chick-Fil-A Franchise q ° Funding Private f rr " °III °ig11;� i 'ji`-\rr 14 �y 1 yl ■li.. qc�I�h�'�Yal�� .1, I_� tali „. _ _ City of Youngstown 1 ", . - 1 ,I-r'. -' - Location Fr n r t f\ 4f/ o t St ee a Q L, ► \ _ ` ,_ Renovation of Front Street, wer Project including widening of sidewalks F`, and addition of bike lane. `� ‘ Funding Public - 9 - fr it a F M�A�H� O N _ fii gai-171-171TaCC < I�`' I i < a If f , s tiets ad G'dt ,,,, \ Mahoning County is home to one of the most vibrant Arts and Culture districts in the nation. Some of the most popular venues oitY , '4 . �_ r . include: • Butler Museum of Art • DeYor Performing Arts Center '41►'. r • McDonough Museum of Art Butler Museum of American Art • Opera Western Reserve • Powers Auditorium • Stambaugh Auditorium • Youngstown Playhouse 1/ III - I.. • Youngstown Symphony 5 r rs kit _ OM" ad 4%e* .4 P'\', ~ ' Fine dining, casual pub fare, pizza variety, _ :'! .w , �-- and ice cream are all features of Mahoning # ,- County's available dining options. Bars, craft ,; " " 4:1? • breweries, and live music are available , iew -Al.... ,� ",,�• "-A. ' throughout the County, and if you are feeling 11 4 2110N lucky the Hollywood Racetrack and Casino � in Austintown are open at all hours. @ V2 Trattoria - 10 - T r '4 , f. ...is: ... ,,,_...: ..._ • ) _,.. - — - It'll - : . ^ 1 i , -_-,- -. , �_ _ .�� _ .�'.F, y • - •., i 1,./r--z.„_. • • . -t . t 1-OF ". . N . ." - ,, 0 il . 1 *1 ( i .1 f t, r 4110)::. /-' e ' . . ...041%)\ . , :,la 1 , r . 1 ! mAH , , t r 143' ,,,.'..1: "" If A. — 4 Ovat ace. i -8 - , o� airf4 . . ,1111111- Slooets Mahoning County has a rich history of sports tradition deftell.. ., with rivalries forged over the course of decades in high schools and at Youngstown State University. Many schools are regularly in the championship hunt, such as -g }}.{, Canfield that had a deep playoff run in 2021 going 11-2. `e'' - Youngstown State has also had a history of producing FCS Championship caliber teams. Canfield High School Football Pads a- -mpgII Mahoning County is home to the 2nd largest metropolitan park in the country. Mill Creek Park is over 4,400 acres of land the offers an 11 mile bike trail, two 18-hole Donald Ross designed golf courses and a - „ _ - ,. p.. varietyof sports fields and courts for residents to enjoy. _. Almost every township and city has its own park for _ _ = family activities, festivals and concerts. Even dogs have two parks of their own in Mahoning County. Austintown Park 0/1 Travelers from all over the country come to play the millimir....41 most beautiful courses between Cleveland and Pittsburgh. Packages are available at many hotels for one or all of the courses here. Courses include: Mill -- Creek, Reserve Run, Kennsington, Olde Dutch Mill, Flying B., Stambaugh, Pine Lake, Knoll Run, Bedford U. i m1I Trails and Lakeside. The Valley also boasts several country clubs including Tippecanoe County Club and Reserve Run Golf Course the Lake Club. - 11 - ' � •/ �I � � f __ .jam __,_..„, s , _ - ,,, 11141 1 1 , jrilb, ' , -' , „,. I , 1 . 4, 'Iks - ---:-- -7ijr------. ------.... 1_,1 , __, , , . i . ,,,,,,,k ,,,,, _ - - __------__--- r' _ „iviii , ,,...;. , t. I -Iblr ' IF . , 1: t.. 7:1 I: . . t: t t s ti r\ ', ` - ' 1 " Ur— ac c4:1) /./i) - - .,.... __ Xr ) .11w, . - - - 1, ,' f The Mahoning Valley has played a role throughout history in commerce, politics and security. The Youngstown Historical Center of Industry and Labor showcases the history of , steelmaking in the Mahoning Valley and its importance to the war efforts of the 20th Century and the organized labor movements. . Other local history museums include the following: Tyler History Center, Arms Family Museum, War Vets Museum, TP Auto Car Collection Museum and The Idora Park Experience. Campbell Works _ ,l Cheitaki Olafrizaeko • Mahoning County is home to several charitable and faith based lJnitecl. ("A organizations. Clubs such as Rotary International, Lions, Wolves, Masons, Kiwanis, Eagles and Moose are active throughout Mahoning County. Additionally charitable groups such as the United Way, Catholic Charities, Youngstown Area Jewish WaY liblif TM Federation, 2nd Harvest Food Bank, St. Vincent de Paul and the Salvation Army help people in their times of need. Angels for United Way of Youngstown Animals, Friends of Fido, Legacy Dog Rescue and New Lease on and the Mahoning Valley Life are also helping our four legged residents of the Valley. fahri+ feu( & /ffac4 Rom Mahoning County has a wide variety of activities to enjoy. Berlin Lake and Lake Milton offer recreational opportunities for fishing, ,-)K. boating and wake boarding. Mahoning County also is home to -. T` .ir -t Canfield Fairgrounds which hosts the largest county fair in Ohio ,'. r annually. Festivals abound in the summer, and in the fall, corn z i� u mazes and apple picking are all within a short distance. Shopping P:‘ 4 malls, boutiques, wineries, fruit farms and outlet malls are also all within a short drive time. Please visit www.younqstownlive.com for upcoming events, directions and your free visitor's guide. L uva Bella Winery - 12 - ECONOMIC INDICATORS Assessed Taxable Property Values 4.80 Assessed property values 4.70 are 35% of the appraised 4.60 market value as set by law. a 4.50 2021 real property taxes 4.40 were levied after October `° 4.30 1, 2021, on the assessed " 4.20 value as of January 1, 0 4.10 2021, the lien date. 4.00 3.90 3 sa Assessed value has 2017 2018 2019 2020 2021 increased 14.1% between Collection Year 2017 and 2021. Sales Tax Collection History 60 Mahoning County levies a sales tax of 1 .25% for the 50 General Fund and Criminal 0 40 Justice Fund. The total sales tax rate in Mahoning 30 Countyincrease to is 7.27.5%5% (which2022)will 20 0 in 0 10 I Sales tax collections have 0 increased 20.9% between 2017 2018 2019 2020 2021 I 2017 and 2021. Collection Year Local Government Funding (LGF) from State 3.5 The State of Ohio provides counties and subdivisions 3 monthly funding through c 2.5 the Local Government F 2 Fund (LGF). Mahoning L 15 County's share in 2021 was $3,320,629. 0 0 0.5 LGF funding received by 0 Mahoning County has 2017 2018 2019 2020 2021 increased 23.2% between Collection Year 2017 and 2021. - 13 - Property Tax Distributions TY2018-TY2020 • .. . School Districts I Tax Year 2020 Tax Year 2019 Tax Year 2018 Boardman LSD $ 35,590,504 $ 35,258,370 $ 34,281,889 Youngstown CSD $ 26,028,001 $ 25,563,968 $ 24,340,201 Austintown LSD $ 20,767,448 $ 19,399,575 $ 19,662,130 Canfield LSD $ 20,518,460 $ 19,890,498 $ 19,607,444 Poland LSD $ 14,292,693 $ 13,540,928 $ 13,432,922 Jackson-Milton LSD $ 7,407,677 $ 6,853,935 $ 6,681,473 MahoningCountyJVSD $ 7,104,274 $ 6,453,834 $ 6,366,919 South Range LSD $ 7,061,239 $ 6,657,346 $ 6,560,648 Struthers CSD $ 4,950,815 $ 4,766,932 $ 4,747,682 Springfield LSD $ 4,917,186 $ 4,805,292 $ 4,704,060 Western Reserve LSD $ 3,927,586 $ 3,633,326 $ 3,516,484 West Branch LSD $ 2,970,647 $ 2,640,492 $ 2,637,794 Campbell CSD $ 2,137,355 $ 2,126,042 $ 2,063,291 Lowellville LSD $ 1,864,925 $ 1,640,241 $ 1,607,937 Sebring LSD $ 1,438,805 $ 1,395,649 $ 1,355,739 *Columbiana EVSD $ 1,339,346 $ 1,208,044 $ 1,166,208 *Alliance CSD $ 908,092 $ 880,762 $ 857,815 *Weathersfield LSD $ 315,032 $ 270,299 $ 297,473 *Leetonia EVSD $ 128,812 $ 119,850 $ 127,583 *Columbiana County JVSD $ 118,348 $ 106,997 $ 102,621 *Hubbard EVSD $ 33,955 $ 38,226 $ 35,380 *Trumbull County JVSD $ 19,411 $ 17,280 $ 18,391 Total School District Distributions $ 163,840,612 $ 157,267,886 $ 154,172,082 Townships I Tax Year 2020 Tax Year 2019 Tax Year 2018 Boardman Township $ 14,846,430 $ 14,554,332 $ 14,231,342 Austintown Township $ 9,999,461 $ 9,553,744 $ 9,597,977 Beaver Township $ 3,054,096 $ 2,491,590 $ 2,430,378 Poland Township $ 2,134,301 $ 2,043,470 $ 2,026,363 Springfield Township $ 1,723,150 $ 1,654,118 $ 1,621,099 Jackson Township $ 1,193,550 $ 1,131,610 $ 1,116,262 Canfield Township $ 913,562 $ 821,574 $ 806,803 Green Township $ 800,973 $ 646,313 $ 642,381 Boardman Park $ 784,327 $ 757,305 $ 754,277 Milton Township $ 711,923 $ 696,084 $ 662,821 Goshen Township $ 639,031 $ 603,741 $ 594,542 Smith Township $ 567,687 $ 538,414 $ 529,164 Coitsville Township $ 467,854 $ 434,329 $ 421,621 Berlin Township $ 357,050 $ 343,193 $ 332,699 Ellsworth Township $ 211,776 $ 192,772 $ 186,695 *Fairfield Township $ 50,357 $ 45,468 $ 46,856 *Perry Township $ 720 $ 568 $ 724 Total Township Distributions $ 38,456,247 $ 36,508,625 $ 36,002,005 *Not Home County - 14 - Property Tax Distributions TY2OI 8-TY2020 Municipalities I Tax Year 2020 Tax Year 2019 Tax Year 2018 Youngstown City $ 2,197,102 $ 1,925,186 $ 1,903,416 Canfield City $ 1,431,269 $ 1,362,098 $ 1,348,615 Struthers City $ 873,905 $ 792,496 $ 608,700 Campbell City $ 654,049 $ 605,995 $ 586,718 Poland Corp $ 543,797 $ 528,053 $ 528,615 New Middletown Corp $ 378,695 $ 374,884 $ 374,201 Sebring Village $ 328,997 $ 307,932 $ 307,783 Lowellville Corp $ 202,151 $ 190,649 $ 178,762 *Columbiana Corp $ 192,046 $ 178,006 $ 178,355 Beloit Corp $ 184,241 $ 191,345 $ 186,502 Craig Beach Village $ 181,071 $ 166,388 $ 160,879 *Salem Corp $ 44,552 $ 50,012 $ 77,197 *Washingtonville Corp $ 40,980 $ 38,401 $ 40,228 *Alliance City $ 1,966 $ 2,008 $ 1,562 Total Municipality Distributions $ 7,254,821 $ 6,713,454 $ 6,481,533 Special Districts Tax Year 2020 Tax Year 2019 Tax Year 2018 Mill Creek Metro Parks $ 7,179,646 $ 7,051,764 $ 6,915,156 Cardinal Joint Fire District $ 2,468,447 $ 2,430,183 $ 2,381,994 ABC Water District $ 1,399,461 $ 1,409,655 $ 1,359,392 Western Reserve Fire District $ 1,218,938 $ 1,347,370 $ 1,331,185 Rodman Public Library $ 24,588 $ 24,208 $ 23,202 Total Special District Distributions $ 12,291,080 $ 12,263,180 $ 12,010,930 County Distributions I Tax Year 2020 Tax Year 2019 Tax Year 2018 Developmental Disabilities $ 15,487,064 $ 15,200,019 $ 14,896,075 Children's Services $ 9,522,078 $ 9,365,395 $ 9,195,086 Mahoning County Library $ 8,902,009 $ 8,734,979 $ 8,748,370 General Fund and Debt Service $ 8,520,535 $ 7,722,058 $ 7,570,068 Mental Health $ 5,943,859 $ 5,836,812 $ 3,742,613 Senior Citizens $ 4,064,476 $ 3,997,666 $ 3,924,969 Tax Increment Financing(TIF) $ 1,131,022 $ 515,642 $ 782,720 Special Assessments $ 515,244 $ 539,550 $ 532,094 Tuberculosis Hospital $ 179,913 $ 176,039 $ 172,056 Total County Distributions $ 54,266,199 $ 52,088,159 $ 49,564,051 Tax Year 2020 Tax Year 2019 Tax Year 2018 Distributions to Subdivisions $ 221,842,761 $ 212,753,145 $ 208,666,550 County Distribution $ 54,266,199 $ 52,088,159 $ 49,564,051 Total Distributions $ 276,108,960 $ 264,841,304 $ 258,230,601 *Not Home County - 15 - FINANCIAL STATEMENT ACTIVITY The Activity Statement reports the financial activities of the Mahoning County government as a whole. These activities are identified as either Governmental or Business-Type. Governmental Activities constitute the majority of the County's operations and are financed primarily by operating grants,taxes, charges for services, capital grants and other intergovernmental revenues. Business-type activities, on the other hand, rely on user fees and other charges to wholly, or to a large extent, fund their operations. Uses and Expenses are the monies spent to provide services to citizens: Governmental Activities: General Government Includes expenses incurred to operate the administrative offices of the Commissioners, Auditor, Treasurer, Prosecutor, Recorder, Department of Development, Information Services, Board of Elections, Maintenance Department and Records Center. This amount also includes the operating costs of the Mahoning County Courts Judicial System: Common Pleas, Clerk of Courts, County Court, Court of Appeals, Domestic Relations, Drug Court, Juvenile Court and Municipal Court. Public Safety Includes the costs of the Sheriff's Department, Drug Law Enforcement, Coroner, Indigent Drivers Alcohol Treatment Program, Hazardous Materials Response, 911 Service and Emergency Management System. Public Works Expenses associated with maintaining roads, bridges and culverts and other community block grant programs. Health Combined expenses for services to maintain public health including the County Board of Developmental Disabilities,the Dog Warden, Solid Waste Management and the County Board of Mental Health. Human Services Expenses to provide various forms of services and assistance to individuals, children and families, including services provided or funded by the Senior Services Levy, Veterans Services Board, Children Services Board, Child Support Enforcement Agency and the Department of Job and Family Services. Interest and Fiscal Charges The cost of debt financing for capital projects of the County. Business-type Activities: Business/Utility Service Operating expenses for the Department of Sanitary Engineers which supplies water and sewer to residents. - 16 - FINANCIAL STATEMENT ACTIVITY The Financial Statements provide a record of revenues and expenses summarized on a GAAP basis. A detailed version of this Statement of Activities is published in the 2021 ACFR. Governmental Activities Business-Type Activities RESOURCES RECEIVED 2021 2020 2019 2021 2020 2019 Program Revenues: Charges for Services $25,193,393 $25,825,049 $24,344,385 $34,923,851 $33,161,953 $29,159,186 Operating Grants and Contributions 95,701,660 78,834,843 73,827,047 0 0 0 Capital Grants and Contributions 11,124,293 5,578,035 7,207,788 129,782 8,863 703,310 General Revenues: Property Taxes 44,280,374 42,936,892 40,280,869 0 0 0 Sales Taxes 52,116,815 45,028,617 43,859,596 0 0 0 Hotel/Lodging Taxes 1,843,415 1,130,432 1,574,142 0 0 0 Grants and Entitlements 7,498,946 5,979,415 5,791,701 0 0 0 Conveyance Taxes 3,608,654 2,798,926 2,562,586 0 0 0 Interest (811,646) 2,564,039 3,356,999 106,389 164,073 225,139 Unrestricted Contributions 7,004 3,275 0 0 0 0 Gain on the Sale of Capital Assets 0 0 0 0 87,476 8,550 Payment in Lieu of Taxes 1,177,669 523,836 795,661 0 0 0 Miscellaneous 3,331,992 6,016,359 3,585,019 44,871 233,919 273,773 TOTAL RESOURCES RECEIVED 245,072,569 217,219,718 207,185,793 35,204,893 33,656,284 30,369,958 SERVICES RENDERED Program Expenses: General Government 51,293,297 65,121,975 56,529,609 0 0 0 Public Safety 17,700,451 39,983,325 42,481,165 0 0 0 Public Works 11,205,239 16,348,618 14,894,599 0 0 0 Health 33,211,519 38,709,716 41,465,227 0 0 0 Human Services 31,350,477 48,978,217 52,169,987 0 0 0 Interest and Fiscal Charges 1,067,370 1,388,119 1,422,493 0 0 0 Water 0 0 0 1,913,414 2,057,402 1,686,037 Sewer 0 0 0 24,479,964 29,550,719 28,921,978 TOTAL SERVICES RENDERED 145,828,353 210,529,970 208,963,080 26,393,378 31,608,121 30,608,015 Excess of Resources Over(Under) Services Rendered $99,244,216 $6,689,748 ($1,777,287) $8,811,515 $2,048,163 ($238,057) Charges for services revenue decreased due to lower service charges collected in the Sheriff's department. Operating grants program revenues went up as a result of an increase in State and Federal grant monies, including grant monies for coronavirus relief. Capital grants and contributions program revenues increased due to $5,829,500 in contributions received from the State relating to donated land and building for the Mental Health and Recovery Board. Property tax revenues increased attributable to higher assessed values. Sales tax revenues increased due to the upward trend of sales/purchases made in 2021. Interest income decreased and was actually negative in 2021 attributable to changes in the fair market value of investments. Program expenses decreased significantly due to changes in the net pension and net OPEB liabilities. Program expenses related to these liabilities were $10,400,260 in 2020 versus a negative ($60,244,925) in 2021, resulting in a total decrease of $70,645,185. Program expenses excluding amounts related to the change in the net pension/OPEB liabilities actually increased by approximately$5.9 million due mainly to increases in expenditures related to coronavirus safety and relief efforts. - 17 - REVENUES AND EXPENSES Where the money comes from: Governmental Activities Hotel/Lodging Conveyance Taxes, $1,843,415 Unrestricted Interest and Taxes, $3,608,654 0 75% Contributions, Miscellaneous, 1.47% $7,004 $2,520,346 General Grants, 1.03% $7,498,946 less than 3.06% 0.01 Property Taxes and payment in Capital Grants, - Lieu of Taxes, $11,124,293 $45,458,043 4.54% 18.55% Charges for Sales Taxes, Operating Grants, Services, $95,701,660 $25,193,393 $52,116,815 39.05% 10.28% 21.27% Total Governmental Revenues $245,072,569 Business-type Activities Interest, $106,389 Miscellaneous and Capital Grants, 0.30% Gain on Sale, $129,782 0.37% $44,871 0.13% 11111 Charges for Services, $34,923,851 99.20% Total Business-type Revenues $35,204,893 - 18 - REVENUES AND EXPENSES Where the money goes: Governmental Activities Human Services, Interest and Fiscal General $31,350,477_ Charges, Government, 21.50% $1,067,370 $51,293,297 0.73% 35.17% Health,_ $33,211,519 Public Works, Public Safety, 22 78% $11,205,239 $17,700,451 7.68% 12.14% Total Governmental Expenses$145,828,353 Business-type Activities Water, $1,913,414 7.25% Sewer, $24,479,964 92.75% Total Business-type Expenses $26,393,378 - 19 - FINANCIAL POSITION STATEMENT • The Financial Position Statement is designed to provide a picture of the County's financial position as of the end of the year. Explanations of specific accounts are as follows by where they appear in the financial statements. Assets and Deferred Outflows: Cash is the amount of physical cash held by the County in checking accounts and on hand for purposes of paying expenses. Receivables represent the amounts that are owed to the County at December 31, 2021. Capital Assets represents the furniture, equipment, vehicles, land, buildings, infrastructure and water and sewer plants and mains which provide an economic benefit of greater than one year. Deferred Outflows of Resources represent the difference between the carrying value of refunded debt and its reacquisition price as well as the portion of the calculation for asset retirement obligations, net pension and net other post-employment benefits (OPEB) liabilities. Liabilities and Deferred Inflows: Amounts owed to Employees and Vendors are those items which the County owes to individuals and companies who supply a service or good, and are expected to be paid within one year. Other Liabilities consist of accrued interest and claims payable along with compensated absences,special termination benefits, asset retirement obligations, net pension liability and the net OPEB liability. Deferred Inflows of Resources represent an acquisition of resources that apply to a future period and will not be recognized as revenue until that time including amounts for property taxes and payments in lieu of taxes. Deferred inflows also represent the difference between the carrying value of refunded debt and its reacquisition price as well as a portion of the calculation for the net pension and net OPEB liabilities. 2021 2020 2019 Assets: Cash $248,119,030 $200,480,355 $173,716,457 Receivables 97,070,016 87,232,930 90,375,674 Capital Assets 254,729,804 248,105,336 245,122,353 Net Pension/OPEB Assets 9,886,402 717,527 _ 448,714 Total Assets 609,805,252 536,536,148 509,663,198 Deferred Outflows 22,001,642 32,847,937 53,849,174 Liabilities: Owed to Employees and Vendors 11,263,360 12,267,021 12,251,497 Short Term Debt 14,203,995 24,921,569 21,780,310 Long Term Debt 92,714,663 75,318,789 73,501,842 Other Liabilities 117,239,502 198,624,587 236,542,901 Total Liabilities 235,421,520 311,131,966 344,076,550 Deferred Inflows 107,503,469 77,425,945 47,347,559 Net Position 288,881,905 180,826,174 172,088,263 As can be seen from the above table, the County had an increase in net financial position from 2020 to 2021. This is attributed mainly to an increase in cash and cash equivalents and a decrease in the net pension and net OPEB liabilities. Cash and cash equivalents increased due to both higher revenues and careful management of resources. The increase in net position was also due to an increase in net capital assets as current year additions exceeded annual depreciation and current year deletions. - 20 - INVESTMENTS AND DEBT INSTRUMENTS Investment Detail: Percent of Total Investment Fair Value Average Maturity Investment Federal National Mortgage Association Bonds $8,955,953 Less than five years 7.15% Federal Home Loan Mortgage Corporation Bonds 25,697,945 Less than five years 20.53% Federal Farm Credit Bonds 20,661,163 Less than five years 16.50% Federal Home Loan Bank Bonds 11,601,521 Less than five years 9.27% Commercial Paper 11,575,811 Less than one year 9.25% Federated Government Obligations Fund 33,687 Less than one year 0.03% STAR Ohio 4,230,574 51.3 days 3.38% Farmer Mac Bonds 2,999,085 Less than three years 2.40% United States Treasury Notes 18,020,671 Less than five years 14.40% Municipal Bonds 7,165,513 Less than five years 5.72% Corporate Notes and Bonds 6,219,294 Less than three years 4.97% Foreign Government Bonds 1,994,898 Less than five years 1.59% Negotiable Certificates of Deposit 6,023,368 Less than five years 4.81% Total Portfolio $125,179,483 100.00% Debt Instruments: General Obligation Bonds are long-term debt instruments which are repaid from the County's general revenue sources. Revenue Bonds are long-term debt instruments issued to pay for Water and Sewer improvements and are fully repaid from revenues of the department. Bond Anticipation Notes are debt instruments due in one year or less and are issued to raise money for County projects. These notes are usually turned into bonds after a short period of time. Special Assessment Bonds are issued to pay for improvements benefitting property owners.The owners pay the County over a period of ten years for the debt. Other Loans are comprised of Ohio Public Works Commission (OPWC) and Ohio Water Development Authority (OWDA)funding, which provide low-interest loans for infrastructure. Capital Leases are financed purchases of equipment. Balance Balance 12/31/2020 Additions Deletions 12/31/2021 General Obligation Bonds $36,544,066 $3,932,296 ($7,094,307) $33,382,055 Revenue Bonds 30,519,224 21,936,665 (725,292) 51,730,597 Bond Anticipation Notes 24,921,569 6,287,953 (17,005,527) 14,203,995 Special Assessments 35,000 0 (5,000) 30,000 Other Loans 6,688,005 118,717 (530,879) 6,275,843 Capital Leases 1,532,494 0 (236,326) 1,296,168 Total Debt $100,240,358 $32,275,631 ($25,597,331) $106,918,658 - 21 - This report is issued by: The Mahoning County Auditor's Office for the Year ending December 31 , 2021 Ralph T. Meacham , CPA -imam- _ LJ�L.. LLLLLLLLLLLLLL'�;- I ) ' ll -- -;- 3- , 1 , 41,, I r'M ii ' 4 ' ' ' , 0") r •'. `h 1 : , k \ f ?r .7,,, ,,,_ i ill „. ...,_. i ! Mahoning County Auditor's Office Questions, comments or suggestions regarding this report can be directed to the County Auditor's office at 330-740-2010. This report and a variety of other information, as well as e-mail capabilities, can be found on the Auditor's Website at: http://www.mahoningcountyoh.gov - 22 -