HomeMy Public PortalAbout2016-2017 Audit Issued financial statementsMoab City Corporation
ANNUAL FINANCIAL REPORT
For the Year Ended June 30, 2017
Moab City Corporation
TABLE OF CONTENTS
June 30, 2017
INDEPENDENT AUDITOR'S REPORT
Beginning
on page
1
MANAGEMENT DISCUSSION AND ANALYSIS 3
BASIC FINANCIAL STATEMENTS 13
Government -wide Financial Statements:
Statement of Net Position 15
Statement of Activities 16
Fund Financial Statements:
Balance Sheet - Governmental Funds 18
Statement of Revenues, Expenditures, and Changes
in Fund Balances - Governmental Funds 19
Reconciliation of the Balance Sheet of Governmental
Funds to the Statement of Net Position 20
Reconciliation of the Statement of Revenues, Expenditures,
and Changes in Fund Balances of Governmental Funds
to the Statement of Activities 21
Statement of Net Position - Proprietary Funds 22
Statement of Revenues, Expenses and Changes in Fund
Net Position - Proprietary Funds 23
Statement of Cash Flows - Proprietary Funds 24
Notes to Financial Statements 26
REQUIRED SUPPLEMENTARY INFORMATION 47
Notes to Required Supplementary Information 49
Schedule of Revenues, Expenditures, and Changes
in Fund Balances - Budget and Actual - General Fund 50
Schedule of the Proportionate Share of the Net Pension Liability 51
Schedule of Contributions 52
COMBINING STATEMENTS
Combining Balance Sheet - Governmental Funds 53
Combining Statement of Revenues, Expenditures, and Changes
in Fund Balances - Governmental Funds 54
OTHER REPORTS
Report on Internal control over Financial Reporting and on
Compliance and Other Matters based on an Audit of
Financial Statements Performed in Accordance with
Government Auditing Standards
Independent Auditor's Report on Compliance and Report
on Internal Control over Compliance as Required by
the State Compliance Audit Guide
55
57
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