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HomeMy WebLinkAboutCity of Griffin - Public Financial ReportPOPULAR ANNUAL  FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2021 CITY OF GRIFFIN, GEORGIA 2 Financial Report Message 3 Vision, Mission, Values 4 Quick Facts 5 Location 6 Organizational Chart 7 Elected Officials (Board of Commissioners)8 Awards 9 How Funds Flow 10-11 Financial Information 12-16 Statistics Section 17 Purpose of Financial Report 18 Contact Information 19 The Complete Annual Budget and Annual Comprehensive Financial Report are available at One Griffin Center and the City’s website www.cityofgriffin.com.TA B L E   O F   C O N T E N T S 3 FINANCIAL REPORT MESSAGE We are pleased to present the City of Griffin’s Popular Annual Financial Report (PAFR) for the fiscal year ended June 30, 2021. This is the City’s tenth PAFR, and is formulated as an easy to read version of the City’s Annual Comprehensive Financial Report (ACFR) that we publish on a yearly basis. The Annual Comprehensive Financial Report (ACFR) is a detailed account of the City’s financial statements, notes, schedules, and statistics. The ACFR was prepared in conformance with Generally Accepted Accounting Principles (GAAP) and was audited by Mauldin & Jenkins, Certified Public Accountants,LLC, 439 Mulberry Street, Post Office Box 1877, Macon Georgia 31202‐1877. The ACFR received an unmodified opinion. A copy of our ACFR can be found on the City’s website under Departments, Administrative Services, Finance, Finance Reports: https://www.cityofgriffin.com/home/showpublisheddocument/550/637716156197300000 The Popular Annual Financial Report (PAFR) provides citizens with an overview of the City’s revenues, expenditures, and general information, in a simplified interpretation of the ACFR. The PAFR is prepared by the Department of Administrative Services, Finance and Accounting staff and is not obligated to be audited under GAAP rules. Thank you for your interest in the City of Griffin’s government and its functions. Please feel free to comment or offer suggestions on the PAFR to Markus Schwab, CPA/CITP/CGMA, Chief Financial Officer, at mschwab@cityofgriffin.com. Respectfully submitted,Jessica O’Connor City Manager 4 VISION The City of Griffin shall be a model of excellence in local government; and a safe, well‐planned community with equal opportunity for all. MISSION In partnership with our community, the mission of the City of Griffin is to protect and enhance the quality of life by providing a high level of service in an efficient and responsive manner for all the citizens. VALUES We believe in honest, open, and democratic government. We are dedicated to the highest ideals of honor and integrity in order to merit the respect, trust, and confidence of the citizens of Griffin. We believe our primary responsibility is to those who live, work, visit, or otherwise come in contact with our City. We are committed to enhancing the quality of life by providing exemplary services. We believe that the employees of the City are its most important resource and through them, we will accomplish our mission and vision. We will support the employees with dignity, respect, and fairness. We believe it is important to listen to our citizens and be sensitive and responsive to their needs. We believe that proper planning, training, and teamwork will fulfill our mission and vision for the future of the City of Griffin. DIVERSITY and INCLUSION The City of Griffin is committed to a work environment that values and supports diversity and inclusion. Together we strive to enrich our diversity and promote acceptance of the differences of others. We believe diversity strengthens our workforce and inclusion allows us to grow together. This growth will strengthen our work environment, our government, and our ability to serve our citizens. 5 Services: Police, Fire, Electric, Water, Sewer, Storm Drainage, Streets, Solid Waste, Airport, Parks, Recreation, Planning and Zoning, Economic Development, and Fiber  networks. Form of Government:  Manager / Commission Governing Body:  Mayor and 6 District Commissioners are elected to four year terms Population – (2021 est.):22,675 Number of Households – 2021:8,945 Median Age – (2021 worldpopulationreview.com):33 Median Household Income – (2021 worldpopulationreview.com):$36,890 Median Home Value (2021 Zillow.com):$190,586 Incorporated (square miles):14.5 Acres of Parks:190 Operating Budget – 2022:  $123M Employees:465 2021 Operating Millage Rate (City):7.083 2021 Total Operating Millage Rate (State, City, County, & School):40.695 2021 Sales and Use Tax Rate:7% Incorporated:1843 QUICK  FACTS 6 The City of Griffin is located in Spalding County along Highway 16 just west of I‐75 with easy access to Griffin‐Spalding County Municipal Airport. Griffin is a major employment center for Spalding County and serves as a regional retail and service provider for counties southoftheAtlantametropolitanarea. The City’s location has several advantages that have helped sustain its economy over the years. Proximity to Hartsfield‐Jackson Airport Midway between Interstates 75 and 85 Access to the amenities of Atlanta while retaining its historic heritage Important regional center midway between the cities of Atlanta, Macon, and Columbus LOCATION 7 ORGANIZATION CHART 8 BOARD OF COMMISSIONERS Cynthia Reid Ward, Commissioner District 1 Cora Flowers, Commissioner District 2 Holly Murray, Commissioner District 3 David Brock, Commissioner District 4 Rodney McCord, Commissioner District 6 Truman Tinsley III, Commissioner District 5 Douglas S. Hollberg, Mayor 9 Government Finance Officers Association (GFOA) Award for Excellence in Financial Reporting for Annual Comprehensive Financial Report (ACFR) each consecutive year 2004through 2020, inclusive. Government Finance Officers Association (GFOA) Award for Outstanding Achievement in Popular Annual Financial Reporting (PAFR) each consecutive year 2006 through 2020, inclusive. AWARDS 10 HOW FUNDS FLOW Property tax dollars, charges for services, and utility fees flow through the City to provide services throughout the community. Payments received from  Taxpayers/Customers City allocates funds  through Budget process City Commission  approves/adopts annual budget City procures goods/services needed  to support City residents/businesses City deploys resources to support a thriving community Excellence in  Local  Governance Safe and Well‐ Planned  Community Quality of Life High Service Levels Efficient and Responsive to  Citizens Citizens’ Trust  and  Confidence Thriving  Community Economic Growth  and Development 11 HOW FUNDS FLOW The City transforms funds received  into gears that drive service,  excellence in governance, community  outreach and ultimately to economic  development. 12 FINANCIAL  INFORMATION 13 FINANCIAL  INFORMATION 14 FINANCIAL  INFORMATION Five year trend for Expenses and Revenues by source and function Fiscal Year 2017 2018 2019 2020 2021 Expenses Primary government Governmental activities: General government $           8,607,024  $           5,541,017  $           6,390,256  $         4,394,221  $          3,525,727  Judicial 231,521  312,526  385,072  356,904  364,075  Public safety 13,723,855  14,559,704  16,861,029  16,099,234  17,216,914  Public works 4,648,252  4,907,482  4,836,268  4,876,652  6,406,105  Parks and recreation 390,878  376,616  497,250  447,893  378,481  Housing and development 1,423,875  1,262,974  1,239,173  1,724,904  1,532,413  Interest and fiscal changes 150,998  127,215  130,831  127,403  99,760  Total governmental activities expenses 29,176,403  27,087,534  30,339,879  28,027,211  29,523,475  Business‐type activities: Water and wastewater 16,394,635  16,895,047  17,821,674  18,231,671  18,169,568  Electric 38,308,938  38,274,105  41,232,826  40,718,967  43,354,254  Solid waste 7,766,989  7,442,498  8,644,253  8,658,174  8,855,745  Stormwater 1,816,685  1,919,628  2,404,415  2,343,956  2,229,021  Airport ‐‐‐‐‐ Welcome center 109,020  172,931  128,543  1,666,578 ‐ Telecommunications ‐70,754  79,321  96,949  133,430  Golf course 656,516  656,870  685,707  706,668  879,589  Total business‐type activities expenses 65,052,783  65,431,833  70,996,739  72,422,963  73,621,607  Total primary government expenses 94,229,186  92,519,367  101,336,618  100,450,174  103,145,082  Data comes from Statistical Section, page 124‐125, of the Annual Comprehensive Financial Report. 15 FINANCIAL  INFORMATION Five year trend for Expenses and Revenues by source and function Fiscal Year 2017 2018 2019 2020 2021 Program revenues Primary government Governmental activities: Charges for services General government 5,456,453  5,860,496  5,676,731  5,757,419  5,700,325  Public safety 783,377  837,529  1,132,432  1,124,575  1,175,889  Public works 173,578  193,721  200,358  216,153  272,233  Parks and recreation 198,072  189,906  252,700  186,715  205,977  Housing and economic development 230,524  238,120  430,409  742,636  642,035  Operating grants and contributions 436,650  310,585  210,833  142,223  199,073  Capital grants and contributions 4,808,719  6,282,899  5,333,937  7,423,291  10,481,416  Total governmental activities program revenues 12,087,373  13,913,256  13,237,400  15,593,012  18,676,948  Business‐type activities: Charges for services Water and wastewater 21,276,341  21,620,331  23,531,271  24,409,982  24,963,709  Electric 48,009,529  48,174,964  52,051,728  53,449,330  53,813,627  Solid waste 6,164,237  6,448,130  6,853,573  7,195,397  8,060,195  Stormwater 2,373,383  2,393,280  2,448,234  2,448,059  2,552,899  Airport ‐‐‐‐‐ Welcome Center 8,950  10,125  5,400 ‐‐ Telecommunications ‐378,339  544,446  477,922  489,640  Golf course 184,537  213,776  222,002  324,736  488,103  Operating grants and contributions 28,174  28,925 ‐‐‐ Capital grants and contributions 227,988  564,670  259,362  47,872 198,922  Total business‐type activitiesprogram revenues 78,273,139  79,832,540  85,916,016  88,353,298  90,567,095  Total primary government program revenues 90,360,512  93,745,796  99,153,416  103,946,310  109,244,043  Data comes from Statistical Section, page 124‐125, of the Annual Comprehensive Financial Report. 16 FINANCIAL  INFORMATION Water and Wastewater $24,964  20.05% Electric $53,814  43.22% Solid Waste $8,060  6.47% Stormwater $2,553  2.05% Telecommunications $490  0.39% Golf Course $488  0.39% Taxes $15,477  12.43% Other Fees &  Grants $10,680  8.58% Charges for  Services $7,996  6.42% Governmental Funds $34153.542 27.43% Revenues (in thousands) Governmental Funds Revenue Data comes from Statement of Activities reported in the Government‐wide statements.  See Annual Comprehensive Financial Report, page 15. Total City‐wide  Revenue 17 FINANCIAL  INFORMATION General Government $5,431  18% Judicial (Municipal Court) $371  1% Public Safety $16,552  56% Public Works $4,624  16% Parks and Recreation $445  2% Housing and Economic Development $1,731  6% Interest Exp on Debt $293  1% GENERAL FUND EXPENDITURES (In thousands) $   10,066  Police 5,966  Fire 520 Other Safety Services $   16,215  Total Public Safety Data comes from Statement of Revenues, Expenditures and Changes in Fund Balances – Budget (GAAP Basis) and Actual. See Annual Comprehensive Financial Report, page 17. 18 FINANCIAL  INFORMATION 8. 6 3 6   8. 6 3 6   8. 6 3 6   8. 6 1 1   8. 4 0 0   7. 8 8 9   7. 8 8 9   7. 7 7 0   7. 6 3 9   7. 0 8 3   7. 0 8 3   Spalding County, 14.880  Spalding County, 16.138  School Board, 18.800  School Board, 16.742  6.500 7.000 7.500 8.000 8.500 9.000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 10.00 12.50 15.00 17.50 20.00 CI T Y   O F   G R I F F I N SC H O O L   B O A R D   a n d   S P A L D I N G   C O U N T Y PROPERTY TAX  MILLAGE RATES Data comes from Statistical Section, page 132, of the Annual Comprehensive Financial Report. 19 $8 , 0 9 2 , 5 5 8   $7 , 9 5 1 , 7 8 9   $8 , 2 6 5 , 2 5 9 $1 0 , 3 0 1 , 2 9 5   $1 1 , 0 8 0 , 8 2 9   $1 1 , 6 5 7 , 0 7 2   $1 1 , 8 1 3 , 2 8 7   $1 1 , 8 3 9 , 0 6 0   $1 2 , 9 7 5 , 9 5 6   $1 4 , 9 7 5 , 3 2 2   $7,500,000 $9,500,000 $11,500,000 $13,500,000 $15,500,000 General Fund  FUND BALANCE HISTORY by Fiscal Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Data comes from Statistical Section, pages 120‐121, of the Annual Comprehensive Financial Report. FINANCIAL  INFORMATION 20 STATISTICS SECTION Data comes from Statistical Section, pages 134, of the Annual Comprehensive Financial Report. 21 STATISTICS SECTION Data comes from Statistical Section, pages 144, of the Annual Comprehensive Financial Report. 22 PURPOSE OF REPORT The purpose of the Popular Annual Financial Report (PAFR) is to provide an overview of the financial position of the City of Griffin, as reported in the City’s Annual Comprehensive Financial Report (ACFR), along with other information of interest. The financial information presented herein summarized and condensed form and does not substitute for the City’s ACFR. The ACFR outlines the City’s financial position and operating activities each fiscal year presented in conformity with generally accepted accounting principles (GAAP). The PAFR does not conform to GAAP and associated standards as set forth by the applicable governing bodies, but is suitable for those readers who prefer an overview or summary of the City’s government and its financial condition. Some of the information is from the City’s Annual Budget. The City’s ACFR received the award for outstanding financial reporting from the Government Finance Officers Association. The ACFR, Annual Budget, and PAFR are available at One Griffin Center and theCity’swebsiteat www.cityofgriffin.com. Accounting 770.229.6401 Fire Rescue 770.229.6415 Police 770.229.6450 Airport 770.227.2928 Station One‐ 314  North Hill  Street 770.229.6417 Public Works 770.229.6423 Building Inspections & Permits 770.233.4130 Station Two – 1430  Ellis Rd.770.229.6416 Sign Shop 770.229.6632 Building Safety 770.233.4130 Station Three‐ 101  Crescent West 770.229.6414 Solid Waste 770.229.6421 Cemetery 770.229.6410 FOG (Fats Oils  Grease)678.692.0404 Storm Water 770.229.6424 City Manager 770.229.6408 Fleet Management 770.233.4399 Streets 678.692.0393 Code Enforcement 770.233.4130 Human Resources 770.229.6427 Tax and License 770.229.6402 Customer Service /  Billing 770.229.6403 Information  Technology 770.229.6614 Trash Collection 770.229.6421 Economic  Development 770.233.2901 Municipal Court 770.233.4124 Watershed  Management 770.229.6424 Planning &  Development 770.233.4130 Main / Operator 770.229.6400 23 CONTACT INFORMATION City of Griffin 100 South Hill Street PO Box T Griffin, Georgia 30223 770.229.6401 www.cityofgriffin.com