HomeMy WebLinkAboutWest Valley City - Public Financial Report2021
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2021 PAFRWest Valley City, Utah
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West Valley City Police Department
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TABLE OF CONTENTS
To the Citizens of WVC 3
WVC at a Glance 4
Elected Officials and Executive Staff 5
Statement of Net Position 6
Statement of Activities 7
General Fund, Where the Money Comes From 8
General Fund, Where the Money Goes 9
Capital Assets and Business Type Activities 10
Debt Summary 11
Property Tax Summary 12
Significant Events This Year 13
Key Services 14
Government Finance
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Award for Outstanding Achievement in
Popular Annual Financial Reporting
Presented to City of West Valley
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Utah
For its Annual Financia
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for the Fiscal Year Ended
June 30, 2020
Executive Director/CE
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TO THE CITIZENS
OF WEST VALLEY CITY
We are proud to present the West Valley City’s Popular Annual Financial Report (PAFR) for the fiscal year ended June 30, 2021. This report gives readers a summary of the City’s financial activities. The purpose of the PAFR is to report the City’s financial information in a clear, concise manner giving all readers, both financial and non-financial, an understanding of where the revenue comes from and where dollars are being spent. Most importantly, it is essential that our citizens understand the key services that the City provides to make West Valley City a safer and more enjoyable place in which to work, live, and play.
The PAFR summarizes the financial activities of the City for our fiscal year which runs from July 1 to June 30. It is drawn from a more detailed report called the Annual Comprehensive Financial Report (ACFR). The ACFR includes financial statements that are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and audited by Keddington & Christensen, P.C., an independent auditing firm. The 2021 ACFR has received an unmodified (clean) opinion. The numbers contained within the ACFR were acquired by applying the basis of accounting principles as prescribed by the Governmental Accounting Standards Board (GASB).
Although the numbers used in the PAFR come from an audited source, we have presented them in a condensed, easy to understand, non-GAAP format. GAAP reports deal with the presentation of segregated funds as well as full disclosure of all material financial and non-financial events in notes to the financial statements, while non-GAAP reports do not contain such notes. Citizens who wish to review audited GAAP basis financial statements can refer to the West Valley City’s ACFR, which is available from the Finance Department or on the City’s website at wvc-ut.gov. As a municipality, we want to continue to promote awareness, accountability, and transparency of the City’s financial information. We anticipate that after reading the PAFR, community members will be reassured that public dollars are being used to build a better, safer, and stronger West Valley City. With the help of all departments, the City, in 2021 has accomplished many goals. All these positive achievements have helped to increase growth and success in our City. We look forward to the future and growth of the City.
We are honored to serve the citizens of West Valley City and hope you enjoy reviewing the 2021 PAFR. We welcome any input, questions, and comments you may have regarding this report. You may contact the Finance Department at 801-963-3238.
West Valley City Finance Department
finance
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WEST VALLEY CITY
AT A GLANCE
Source: West Valley City ACFR 2017-2021; Bureau of Labor Statistics
West Valley City, Utah is a dynamic community that was incorporated in 1980. Settlement of the area
by the pioneers dates back to 1848. 173 years later, our city is the second most populous in the state.
West Valley City also has a diverse economic base linked to an aggressive economic development
strategy to keep the city stable and moving forward.
West Valley City is home to a wide range of amenities and venues, including: 2 golf courses, Maverik
Center Arena, West Valley Performing Arts Center, Family Fitness Center, Harman Senior Recreation
Center, Utah Cultural Celebration Center, 32 city operated parks, 5 county operated parks, easy access
to the Jordan River Parkway Trail, easy access to transportation and much, much more.
West Valley City continues to be recognized nationally for fiscal responsibility and providing high quality
community services. This report serves as a window for our residents into the $168 million annual
budget. The City
made great strides
again during the
past year in seeking
opportunities to
diversify its economic
baseand improve
resident services.
DEMOGRAPHICSEstimated 2021 Population: 143,804 Public Schools in WVC: 35 School Enrollment: 25,888 Median Age in WVC: 30.5 % Home Ownership: 68.5% People Per Square Mile: 3,908 Number of City Parks: 37 Total Parks Acreage: 435 Miles of Pathways/Trailheads: 27
Source: WVC Departmental Reports
TOP 10 EMPLOYERS 1. Discover Financial Services, Inc.2. Amazon Services, LLC3. Hexcel Corp.4. USANA Health Sciences, Inc.5. ATK Launch Systems, LLC6. Wal-Mart7. United Parcel Service, Inc.8. Pride Transport, Inc.9. Cellco Partnership D/B/A Verizon10. Hunt Electric, Inc. Source: WVC Business License Division
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WEST VALLEY CITY
ELECTED OFFICIALS & EXECUTIVE STAFF
MayorRon Bigelow
ron.bigelow@wvc-ut.gov
(801) 963-3373
Councilmember At-Large Don Christensen
don.christensen@wvc-ut.gov
(801) 963-3371
Councilmember At-Large Lars Nordfelt
lars.nordfelt@wvc-ut.gov
(801) 955-3696
Council District 1Tom Huynh
tom.huynh@wvc-ut.gov
(801) 963-3374
Council District 2Steve Buhler
steve.buhler@wvc-ut.gov
(801) 955-3603
Council District 3Karen Lang
karen.lang@wvc-ut.gov
(801)963-3380
Council District 4Jake Fitisemanu, Jr.
jake.fitisemanu@wvc-ut.gov
(801) 963-3372
City ManagerWayne Pyle
(801) 963-3220
“West Valley City is a great community that
celebrates a richly diverse population and a
strong community. As the City Manager, I strive
to meet the expectations of those we serve
through responsible and efficient management
of City resources and staff.”
Administration Nicole Cottle, Asst. City Manager
Communications Sam Johnson
Community & Economic Nicole Cottle
Development
Community Preservation Layne Morris
Finance Jim Welch
Fire John Evans
Legal Eric Bunderson
Parks & Recreation Nancy Day
Police Colleen Jacobs
Public Works Russ Willardson
The City operates under a City Council-City
Manager form of government. This form of
government combines the political leadership
of elected officials with the strong managerial
experience of an appointed local city manager.
The City is organized into 10 departments.4100 S
4700 S
5400 S
U-111 Hwy.
4800 W
4000 W
3200 W
8000 W
2100 S
Parkway Blvd. (2700 S)
3500 S
6400 W
5600 W
7200 W
6200 S
6400 W7200 W
6200 S
U-201 Hwy.
3100 S
5600 W6600 S6600 S
Bangerter Hwy.
Constitution Blvd.
3200 W
I-215 Fwy.
3500 S
3900 S
2700 S
3100 S
2100 S
Bangerter Hwy.
4800 W
4400 W
3600 W
2700 W
Redwood Rd.
2200 W
1700 W 1300 W
I-215 Fwy.4100 S
4700 S
5400 S
District 2Steve Buhler801-955-3603steve.buhler@wvc-ut.gov
District 3Karen Lang801-963-3380karen.lang@wvc-ut.gov
District 4Jake Fitisemanu Jr.801-259-8700jake.fitisemanu@wvc-ut.gov
District 1Tom Huynh801-963-3374tom.huynh@wvc-ut.gov
0 0.5 10.25 Miles
Council Member At-LargeLars Nordfelt801-955-3696lars.nordfelt@wvc-ut.gov
Council Member At-LargeDon Christensen801-963-3371don.christensen@wvc-ut.gov
Mayor Ron Bigelow801-963-3373ron.bigelow@wvc-ut.gov
West Valley City, Utah
2018 City Council Districtsµ
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STATEMENT
OF NET POSITION
The City’s governmental activities increased $22.3 million in total net position, which represents
a 6.8% increase from the prior year’s net position. The City’s business-type activities increased
$0.25 million in total net position, which represents a 0.37% increase from the prior year’s net
position. The City as a whole increased total net position by $22.6 million, which is a 7.2%
increase from the prior year. The full Statement of Net Position can be located in our ACFR
located at www.wvc-ut.gov.
Independent AuditAn independent audit of the city’s finances is conducted annually. This year’s audit resulted in a clean audit opinion. Full financial information including the city’s Annual Comprehensive Financial Report can be found on the city’s website at www.wvc-ut.gov.
Net Position measures the net financial resources available as a result of City operations to pay
expenditures in future periods. Rating agencies examine net positions when considering the
overall economic health and creditworthiness of the City. Net position here means the balance
of governmental funds calculated in accordance with generally accepted accounting principles.
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STATEMENT
OF ACTIVITIES
Governmental revenues increased from the
previous year, by $5,619,243 or 4.1%. The
overall increase was due to increases of
$4,310,183, or 13.3% in sales tax, and $989,185
in operating grants and contributions. Sales tax
revenue continues to benefit from stimulus-
aided spending, and the City continues to
receive grant revenue related to the pandemic.
Property taxes were basically flat, increasing
$931,872 primarily due to an increase in the
City’s tax base. Other revenues had relatively
minor increases or decreases.
Governmental activities expenses increased by
$3,160,562, or 2.7%. Public Safety expenses
decreased significantly, by $12,881,010 as
emergency response to the pandemic has
slowed down. General government expenses
increased by $9,587,391 as demand for
services shifted from emergency response to
other services. Ordinary operating increases
accounted for approximately $2,500,000 of
the increase; and Covid-related expenses
continued to be offset by CARES Act funding
reported in governmental revenues. Additional
factors included adjustments to pension
accruals, and capital assets acquired. Parks
and recreation increased by $7,907,688 as
most City facilities were reopened following a
period of closure at the end of the prior fiscal
year. Other governmental activities showed
minor increases or decreases attributable to
normal variances in operating expenses.
In business-type activities, overall revenues
showed an increase of $1,179,632, or 8.4%.
Overall expenses decreased by $423,084, or
2.9%. Ambulance services revenue saw an
increase of $440,984. The City’s storm water
utility recorded an increase of $727,967.
The City’s other business-type activities are
relatively stable in generating revenues and
expenses.
Functions of Governmental Activities:• General Government• Police• Fire• Streets• Parks & Rec• Engineering• Debt Service• Community Development• Redevelopment Agency• Victim Services• Communications• Community Preservation• Animal Services• Sanitation• Maverik Center• Fitness Center• Utah Cultural Celebration Center
Functions of Business-Type Activities:
• Ambulance Services
• Golf Courses
• Storm Water
• Housing Authority
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GENERAL FUND
WHERE THE MONEY COMES FROM
The General Fund is the
general operating fund of
the City and supports day-
to-day operations. By law,
the City may only have one
general fund. This chart is a
comparison of the General
Fund total revenues by
category. As seen here, sales
tax revenues continue to
increase as we welcome new
businesses to West Valley
City and as the economy
continues to grow.
For data on all city funds, please view the ACFR at www.wvc-ut.gov.
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GENERAL FUND
WHERE THE MONEY GOES
Below is a five-year
comparison of General
Fund expenditures and
transfers out. Expenditures
for Police increased as the
City expanded its Police
Department and hired new
officers. Other departments
experienced small increases
and decreases.
2021 Full Time Equivalent Employees by Function
GENERAL GOVERNMENT 129
PUBLIC SAFETY
Police
Officers 219
Civilians 80
Fire
Firefighters/Officers 123
Civilians 4
HIGHWAYS AND STREETS
Engineering 21
Maintenance 62
PARKS AND RECREATION 90
Golf Courses 43
SANITATION 3
COMMUNITY DEVELOPMENT 72
TOTAL 845
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WEST VALLEY CITY
CAPITAL ASSETS & BUSINESS TYPE ACTIVITIES
The City’s government-wide
investment in capital assets
totaled $535.5 million net of
depreciation and related debt
as of June 30, 2021 . This chart
breaks down the types of capital
assets included in this category.
Business Type Activities are managed in Enterprise Funds which are used to account for those
City operations that are financed and operated in a manner similar to private business. Readers
interested in more details should read the Annual Comprehensive Financial Report (ACFR)
available at www.wvc-ut.gov.
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WEST VALLEY CITY
DEBT SUMMARY
General Obligation Bonds: A General Obligation bond is a municipal bond backed by the
credit and taxing power of the city, rather than revenue from a specific project. No assets are
pledged as collateral for General Obligation bonds. West Valley City does not use General
Obligation bonds as a source of funding.
Revenue Bonds (Lease Revenue, Sales Tax Revenue, Etc.): Revenue bonds are municipal bonds
backed by revenue from a specific project or
revenue stream - such as sales tax, utility taxes, or
lease revenue from a new building.
Capital Leases: West Valley City uses capital
leases to purchase equipment such as police
laptops & radios, IT software & servers, and
even emergency vehicles. Capital leases spreads
the cost of these purchases over the life of the
equipment & vehicles.
Notes Payable: A note payable is a promise
to pay a specific amount of money at a future
date(s). This is the form of financing used to
secure the Embassy Suites hotel.
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WEST VALLEY CITY
PROPERTY TAX SUMMARY
West Valley City receives a portion of the property taxes collected on real property located
within the City. The tax dollars support public services such as those provided by police and fire
departments, as well as many other critical government functions.
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WEST VALLEY CITY
SIGNIFICANT EVENTS THIS YEAR
After being absent for a year during
the COVID-19 pandemic, Food
Trucks returned to the Fairbourne
Station Promenade as a “Humpday
Buffet” on Wednesday evenings.
2021 brought the return of a full season of theatrical
performances to the West Valley Performing
Arts Center. In addition to the well received
productions, the theater hosted several educational
events, continued their partnership with the Utah
Shakespeare Festival, and began preparations for
the much anticipated 2022 season.
WVC Parks and Recreation
completed improvements at
Parkway Park which included murals,
improved play equipment, butterfly
garden and much more.
The MyHomtown Initiative was able to successfully
adapt to health department restrictions to provide
neighborhoods with Days of Service and outreach in
four neighborhoods serving 3,800 homes.
Due to the Covid-19 pandemic, many community events and activities were canceled in 2020.
City Council meetings were held
electronically to allow public
participation during the pandemic.
The City broke ground on a
new Veterans Memorial Park
on Memorial Day 2021 with an
anticipated opening of phase one
for Veterans Day.
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WEST VALLEY CITY
KEY SERVICES
ADMINISTRATION 801-963-3220www.wvc-ut.gov
Mayor’s Office, City Council, City Manager.
City Recorders Office: Elections, Boards and Committees,
City Council Agendas and Minutes
ANIMAL CONTROL AND SHELTER801-965-5800www.wvc-ut.gov/animal
Lost and found dogs and cats, and for adoptions.
BUILDING PERMITS 801-963-3283www.wvc-ut.gov/building
Building permits for building, altering, removing or
repairing business premises, homes, garages, or sheds.
BUSINESS LICENSING 801-963-3290www.wvc-ut.gov/business
For business licenses to operate a business in West
Valley City and for information about businesses.
CODE ENFORCEMENT801-963-3289 www.wvc-ut.gov/ce
Report any violation of city ordinances and county health
laws. When calling to report a problem, be prepared to
give the exact address and description of the problem.
Examples of things prohibited by City Code:
• Accumulation of solid waste, trash or junk
• Unlicensed vehicles.
• Improper signs.
• Weeds taller than 6 inches.
• Illegal trash dumping.
• Snow or other obstacles on sidewalks.
• Trees, shrubs, fences, signs, or vehicles that obstruct
motorist clear view of any intersection.
• Parking on the park strip or on the sidewalk.
CRIME PREVENTION801-955-3797www.wvc-ut.gov/cru
The Community Response Unit of the West Valley
City Police Department offers assistance with chronic
neighborhood concerns and non-emergency crime
problems such as drug houses, or gang problems. The
CRU also provides neighborhood watch help.
EMERGENCY MANAGEMENT (CERT)801-963-3336www.wvcert.com
Training in emergency preparedness for disasters,
Community Emergency Response Team training.
FIRE PREVENTION 801-963-3336www.wvc-ut.gov/fire
Fire prevention and suppression information, fire and health
safety programs for schools, churches, neighborhood
groups, and community organizations.
FITNESS 801-955-4000www.wvc-ut.gov/fitnesscenter
The WVC Family Fitness Center is a premier fitness facility
with lap pool, leisure pool, basketball and racquetball
courts, indoor track, cardio equipment, weight room,
climbing wall, dance and aerobic rooms, and soft-play
edutainment room for children; also, programs for seniors,
adults, teens and youth.
GARBAGE COLLECTION801-963-3334www.wvc-ut.gov/sanitation
West Valley City contracts with Waste Management of
Utah to provide garbage and recycling services.
GOLF COURSESwww.wvc-ut.gov/golf
The Ridge Golf Club 801-966-4653
Stonebridge Golf Club 801-957-9000
GRAFFITI HOTLINE 801-963-3467www.wvc-ut.gov/graffiti
Property owners are responsible to remove graffiti as
soon as possible to discourage more. Service groups and
volunteers are invited to join in our effort to help keep
WVC graffiti free. Call police dispatch immediately to
report graffiti in progress.
HOUSING ASSISTANCE AND GRANTS 801-963-3320www.wvc-ut.gov/housingwww.wvc-ut.gov/grants
For services to households that meet income eligibility:
rental assistance, home repair loans, mobile home repair
grants, public housing.
HUMAN RESOURCES 801-963-3442www.wvc-ut.gov/jobs
City job postings and personnel services.
NEIGHBORHOOD DUMPSTERS801-963-3334www.wvc-ut.gov/dumpsters
Once a year, residents, volunteer groups and neighborhood
associations may schedule up to 10 dumpsters for neighborhood
cleanup projects for their neighborhood. Dumpsters are not
automatically scheduled for neighborhoods each year.
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NEIGHBORHOOD SERVICES 801-963-3562www.wvc-ut.gov/neighborhoods
Information on city services, neighborhood and
neighborhood watch program training and registration,
National Night Out, youth engagement and City Hall
tours, Youth City Council.
NEIGHBORHOOD WATCH801-963-3562www.wvc-ut.gov/nw
Neighborhood Watch is a program which enlists the active
participation of citizens in cooperation with the Police to
reduce crime in their community. Neighborhood Watch, in
various forms, has been around for many years.
PARKS AND RECREATION 801-955-4000www.wvc-ut.gov/parks
After school programs, park pavilion reservations, arts and
games in the park, youth and adult sports.
PLANNING & ZONING 801-963-3282www.wvc-ut.gov/planning
For information on future land use plans, current priorities,
new development, statistics, zoning ordinances, and land-
use laws, Board of Adjustments, Planning Commission.
POLICE RECORDS801-963-3226www.wvc-ut.gov/policerecords
This office is the information center responsible for the
gathering, processing and entering all police related
records, and also oversees distribution, storage and
expungement of records. Information gathered from
reports and citations is used for distribution to the public,
the courts and other authorized agencies, as well as for
providing crime statistics.
POTHOLES801-955-3704www.wvc-ut.gov/streets
Report problems with road conditions to help speed their
repair.
PUBLIC RELATIONS 801-963-3217www.wvc-ut.gov/pr
Public information including the city newsletter, website
and social media administration, and media relations.
PUBLIC WORKS 801-965-7452www.wvc-ut.gov/publicworks
For information about garage services, street & sidewalk
repairs, street lights, traffic control, snow removal.
RECYCLING801- 963-3334www.wvc-ut.gov/recycling
In addition to curbside garbage, recycling and bulky
waste collection, West Valley City also offers residents
sanitation services including neighborhood dumpster
collection and two glass recycling locations at the Public
Works offices and Fire Station 71.
SENIOR RECREATION SERVICES801-965-5822www.wvc-ut.gov/harman
The Harman Senior Recreation Center offers activities,
meals, parties, and entertainment.
SIDEWALK REPAIRS801-955-3703www.wvc-ut.gov/sidewalks
The City maintains an annually prioritized sidewalk
repair and maintenance plan and offers a cost-sharing
program for residents to help speed up repairs.
SNOW REMOVAL HOTLINE801-965-7575www.wvc-ut.gov/snow
Get updates on current conditions and snow plow
progress throughout the city
STORM WATER801-965-7452www.wvc-ut.gov/stormwater
We can all play a role in helping keep our water supply
clean. Learn more about how you can help.
STREET LIGHTING AND TRAFFIC LIGHTS801-955-3720www.wvc-ut.gov/streetlights
Report outages with lights to help speed up their repair.
TRAFFIC STUDIES801-963-3406www.wvc-ut.gov/trafficstudy
Request a traffic study in your neighborhood.
UTAH CULTURAL CELEBRATION CENTER801-965-5100www.wvc-ut.gov/uccc
A multi-use facility that promotes the expression of arts,
education, and economic development, celebrates human
diversity, and provides meeting space for events and exhibits.
VICTIM SERVICES 801-963-3223www.wvc-ut.gov/victim
Aids victims of violent crime and domestic violence,
provides support, referral assistance and helps victims
with protective orders.
24 hour crisis line 801-231-8185
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City Hall Address:
West Valley City Hall
3600 S. Constitution Blvd.
WVC, UT 84119
City Hall Hours:
Monday – Thursday
7 a.m. – 6 p.m.
Connect with
West Valley City
on social media at
www.wvc-ut.gov/connect
(801) 963-3238
www.wvc-ut.gov/finance
finance
West Valley City Fire Department