COVER PAGE


















image COVER_E4

Entity




Document Title
CAFR


Name of Government
City of Alexandria, Virginia


Fiscal start date
July 1, 2017


Fiscal end date
June 30, 2018


Name of State
Virginia


Census Bureau's GID
47210100100000









Audit Letter





Date of Audit Opinion
December 21, 2018
Letter of Transmittal

Name of Audit Firm
CliftonLarsonAllen LLP
Type of Government
City
Audit Opinion
Unmodified
Date of Transmittal
December 21, 2018







Statement of Net Position





Statement of Activities





Balance Sheet





Statement of Revenues, Expenditures, and Changes in Fund Balances

Ratios - APA - Virgina - 2018 Model - Early Warning System







Click here for the paper-based Comprehensive Annual Financial Report (CAFR)

Click here for prior year Comprehensive Annual Financial Report (CAFR)









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City of Alexandria, Virginia
Statement of Net Position
June 30, 2018




Exhibit I







Primary Government



Governmental
Component


Activities
Units
ASSETS



Cash and Cash Equivalents
$          336,089,928 
$            78,604,738 
Cash and Investments with Fiscal Agents
219,874,961 
3,202,514 
Receivables, Net
298,834,712 
364,835 
Long-term Portion of Notes Receivable

Accrued Interest
69,715 
Due From Other Funds

Due From Other Governments
40,659,559 
5,220,701 
Inventory of Supplies
3,451,507 
281,037 
Prepaid and Other Assets
8,484,313 
1,388,973 
Net Pension Asset

4,600,977 
Capital Assets:



Land and Construction in Progress
188,292,794 
1,046,239 
Other Capital Assets, Net
673,298,167 
11,746,654 
Capital Assets, Net
861,590,961 
12,792,893 
Total Assets
1,769,055,656 
106,456,668 





DEFERRED OUTFLOWS



Pension
45,007,984 
44,415,779 
OPEB
4,486,791 
3,405,635 
Deferred Gain on Refunding Bonds
5,056,021 
Total Deferred Outflows of Resources
54,550,796 
47,821,414 





LIABILITIES



Accounts Payable
16,384,155 
19,132,989 
Accrued Wages
10,062,828 
28,355,097 
Accrued Liabilities
1,689,562 
Unearned Revenue
7,517,690 
3,817,110 
Other Short-term Liabilities
21,402,607 
Due To Other Funds

Deposits
5,016,362 
Long-term Liabilities Due Within One Year
50,017,044 
2,595,440 
Long-term Liabilities Due in More Than One Year
657,636,767 
10,199,383 
Net Pension Liability
163,020,518 
229,706,920 
Net OPEB Liability
65,284,471 
48,179,050 
Total Liabilities
998,032,004 
341,985,989 





DEFERRED INFLOWS



Deferred Tax Revenues
285,270,176 
Pension
33,987,738 
27,949,289 
OPEB

3,881,202 
Total Deferred Inflows of Resources
319,257,914 
31,830,491 





NET POSITION



Net Investment in Capital Assets
416,057,692 
10,910,323 
Restricted for:



Affordable Housing
5,747,522 
Special Projects
20,365,968 
Educational Projects

5,103,063 
Unrestricted
64,145,352 
(235,551,784)
Total Net Position
506,316,534 
(219,538,398)










See Accompanying Notes to Financial Statements








Go back to cover page


Page 37

City of Alexandria, Virginia
Statement of Activities
For the Fiscal Year Ended June 30, 2018












Exhibit II























Net (Expense) Revenue and




Program Revenues
Changes in Net Position










Primary Government





Charges for
Operating Grants
Capital Grants
Governmental
Component
Functions/Programs
Expenses
Services
& Contributions
& Contributions
Activities
Units
Primary Government:











Governmental Activities:











General Government
$            47,403,841 
$              3,734,113 
$                 676,551 
$                          - 
$        (42,993,176)
$                          - 
Judicial Administration
20,477,743 
1,417,784 
534,638 

(18,525,321)
Public Safety
157,328,491 
3,594,914 
9,591,644 

(144,141,933)
Public Works
73,286,236 
38,867,452 
1,071,839 
7,105,128 
(26,241,817)
Library
6,935,201 



(6,935,201)
Health and Welfare
97,596,199 
10,425,809 
33,216,206 

(53,954,184)
Transit
38,992,158 
4,246,357 
180,083 

(34,565,718)
Culture and Recreation
32,953,004 
6,985,468 
267,549 
27,547 
(25,672,440)
Community Development
35,443,468 
8,389,836 
6,693,432 

(20,360,200)
Education
217,387,699 



(217,387,699)
Interest on Long-term Debt
19,369,938 



(19,369,938)
Total Governmental Activities
747,173,978 
77,661,733 
52,231,942 
7,132,675 
(610,147,627)
Total Primary Government
747,173,978 
77,661,733 
52,231,942 
7,132,675 
(610,147,627)













Component Units:











Library
7,909,507 
428,972 
169,278 


(7,311,257)
School Board
282,781,186 
2,354,108 
21,129,803 


(259,297,275)
Total Component Units
$          290,690,693 
$              2,783,080 
$            21,299,081 
$                          - 
$                          - 
$        (266,608,532)

















General Revenues











Property Taxes:











Real Estate




441,473,485 




Personal Property




56,962,854 




Other Local Taxes:











Business License




33,846,543 




Local Sales




31,965,152 




Meals




18,283,682 




Transient Lodging




13,936,579 




Utility




12,069,408 




Communications Sales




10,719,467 




Motor Vehicle License, Recordation, and other local
20,066,057 




Revenue from Primary Government






Payment from City of Alexandria Operating


213,799,134 




Payment from City of Alexandria Capital
66,877 




Grants & Contributions Not Restricted to Specific Programs
52,439,020 
43,719,948 




Interest and Investment Earnings
7,307,650 
222,758 




Miscellaneous




15,575,995 
669,527 




Total General Revenues


714,712,769 
258,411,367 




Change in Net Postion


104,565,142 
(8,197,165)




Net Position at Beginning of Year, as restated
401,751,392 
(211,341,233)




Net Position at End of Year
$          506,316,534 
$        (219,538,398)

















Note: Other General Revenues (Total General Revenues - Property Taxes)
$          216,276,430 














See Accompanying Notes to Financial Statements






















Go back to cover page










Page 38

City of Alexandria, Virginia
Balance Sheet
Governmental Fund
As of June 30, 2018










Exhibit III





















Total






Capital
Alexandria Transit
Governmental


General
Special Revenue
Projects
Company
Funds
ASSETS









Cash and Cash Equivalents
$          143,930,839 
$            93,307,184 
$            83,413,131 
$                     9,549 
$          320,660,703 
Cash and Investments with Fiscal Agents


219,874,961 

219,874,961 
Receivables, Net
287,212,978 
10,641,677 

980,057 
298,834,712 
Accrued Interest
69,715 



69,715 
Due From Other Funds
200,000 



200,000 
Due From Other Governments
32,230,741 
8,414,629 

14,189 
40,659,559 
Inventory of Supplies
2,757,976 


693,531 
3,451,507 
Prepaid and Other Assets
8,320,786 


163,527 
8,484,313 
Total Assets
474,723,035 
112,363,490 
303,288,092 
1,860,853 
892,235,470 











TOTAL




















LIABILITIES









Accounts Payable
7,023,486 
3,208,679 
5,552,123 
189,736 
15,974,024 
Due to Other Goverments
228,214 



228,214 
Accrued Wages
7,435,593 
2,091,414 
39,927 
495,894 
10,062,828 
Other Liabilities
20,657,080 

4,420 
741,107 
21,402,607 
Deposits
5,016,362 



5,016,362 
Due to Other Funds



200,000 
200,000 
Unearned Revenue
7,517,690 



7,517,690 
Total Liabilities
47,878,425 
5,300,093 
5,596,470 
1,626,737 
60,401,725 











DEFERRED INFLOWS









Deferred Inflows
297,886,267 
11,298,794 


309,185,061 
TOTAL LIABILITIES AND DEFERRED INFLOWS
345,764,692 
16,598,887 
5,596,470 
1,626,737 
369,586,786 











FUND BALANCES









Non-Spendable
11,009,773 





11,009,773 
Restricted


26,113,490 



26,113,490 
Committed
10,015,523 
69,651,113 
297,691,622 

377,358,258 
Assigned
34,152,482 





34,152,482 
Unassigned
73,780,565 




234,116 
74,014,681 
Total Fund Balances
128,958,343 
95,764,603 
297,691,622 
234,116 
522,648,684 
Total Liabilities and Fund Balances
$          474,723,035 
$          112,363,490 
$          303,288,092 
$              1,860,853 














Adjustments for the Statement of Net Position:



(1) Capital assets used in governmental activities are not current financial



resources and therefore are not reported in the governmental funds. (Note 5)
827,506,481 


(2) Other long-term assets are not available to pay for current period expenditures;



the taxes offset by deferred revenue in the governmental funds. (Note 1)
28,970,906 


(3) Deferred inflows of resources related to Pensions & OPEB (Note 17)
(33,987,738)


(4) Deferred outflows of resources related to Pensions & OPEB (Note 16 & 17)
49,494,775 


(5) Internal service funds are used by management to charge the costs



of equipment replacement to City Departments; and, therefore, the assets and



therefore, the assets and liabilities are included in govermental activites in the



statement of Net Postion. (Note 5)
21,134,416 


(7) Long-term liabilities, including bonds payable, are not reported as liabilities



in the governmental funds. (Note 9)
(937,648,362)


Net Position of Governmental Activities
$          506,316,534 











See Accompanying Notes to Financial Statements




















Go back to cover page








Page 39

City of Alexandria, Virginia
Statement of Revenues, Expenditures, and Changes in Fund Balances
Governmental Funds
For the Fiscal Year Ended June 30, 2018





















Exhibit IV





















Total






Capital
Alexandria Transit
Governmental


General
Special Revenue
Projects
Company
Funds
REVENUES









General Property Taxes
$          490,205,197 
$              2,085,353 
$                          - 
$                          - 
$          492,290,550 
Other Local Taxes
133,448,905 
7,437,983 


140,886,888 
Permits, Fees, and Licenses
2,235,428 
8,267,647 


10,503,075 
Fines and Forfeitures
5,024,337 



5,024,337 
Use of Money and Property
7,307,650 
2,655,090 
3,867,534 

13,830,274 
Charges for Services
21,272,076 
30,840,693 
58,812 
4,246,357 
56,417,938 
Intergovernmental Revenue
56,587,411 
44,935,828 
7,132,676 
180,083 
108,835,998 
M iscellaneous
1,646,321 
6,763,852 
6,076,369 
35,221 
14,521,763 
Total Revenues
717,727,325 
102,986,446 
17,135,391 
4,461,661 
842,310,823 
EXPENDITURES









Current Operating:









General Government
51,000,556 
1,617,290 


52,617,846 
Judicial Administration
19,080,832 
839,671 


19,920,503 
Public Safety
142,200,883 
7,814,120 


150,015,003 
Public Works
35,665,834 
10,336,413 


46,002,247 
Library
6,935,201 



6,935,201 
Health and Welfare
20,169,486 
76,958,213 


97,127,699 
Transit
15,340,916 


20,345,860 
35,686,776 
Culture and Recreation
24,860,318 
2,115,879 


26,976,197 
Community Development
19,167,648 
14,919,217 


34,086,865 
Education
214,073,749 

(7,197,539)

206,876,210 
Debt Service:









Principal
44,404,949 



44,404,949 
Interest and Other Charges
21,795,764 



21,795,764 
Capital Outlay


101,164,079 

101,164,079 
Total Expenditures
614,696,136 
114,600,803 
93,966,540 
20,345,860 
843,609,339 
Excess (Deficiency) of Revenues Over









(Under) Expenditures
103,031,189 
(11,614,357)
(76,831,149)
(15,884,199)
(1,298,516)











OTHER FINANCING SOURCES (USES)









Issuance of Debt

4,380,000 
94,670,000 

99,050,000 
Issuance of Refunding Bonds
165,711,747 



165,711,747 
Bond Premium (Discount)

39,975 
11,461,687 

11,501,662 
Other Financing


39,750 


233,564 
273,314 
Payment to Refunded Bonds Escrow Agent
(166,600,582)



(166,600,582)
Capital Contribution



66,877 
66,877 
Transfers In
10,705,736 
60,064,679 
56,106,167 
12,340,890 
139,217,472 
Transfers Out
(103,984,281)
(35,049,777)


(139,034,058)
Total Other Financing Sources and Uses
(94,167,380)
29,474,627 
162,237,854 
12,641,331 
110,186,432 











Net Change in Fund Balance
8,863,809 
17,860,270 
85,406,705 
(3,242,868)
108,887,916 
Fund Balance at Beginning of Year
120,006,283 
77,904,333 
212,284,917 
24,611,400 

Increase/(Decrease) in Reserve for Inventory
88,251 



88,251 
Fund Balance at End of Year
$          128,958,343 
$            95,764,603 
$          297,691,622 
$            21,368,532 












Adjustments for the Statement of Activities:







(1) Repayment of bond principal and payment to bond escrow agent are reported as an

 expenditure and other financing uses in the govermental finds, but the repayment

 reduces long-term liabilities in the Statement of Net Position.
211,005,531 
(2) Governmental funds report capital outlays as expenditures while governmental activities report

 depreciation expense to allocate those expenditures over the life of the assets. This is the amount

 by which new capital assets exceeded capital expenditures in the current period. (Note 5)
36,721,471 
(3) Governmental funds report pension & OPEB contributions as expenditures, however in the statement

 of activities the cost of pension & OPEB benefits earned net of employee contributions is reported

 as pension & OPEB expense.
9,216,264 
(4) Revenues in the Statement of Activities that do not provide current financial resources are

 not reported as revenues in the governmental funds. (Note 4)
6,145,789 
(5) Issuance of debt, refunding bonds and premium provide current financial resources to

 governmental funds, but issuing debt increases long term liabilities in the Statement of Net

 Position. (Note 9)
(276,263,409)
(6) Some expenses reported in the Statement of Activities do not require the use of current

  resources and therefore are not reported as expenditures in governmental funds. (Note 9)
(20,582,303)
(7) The net revenue of the internal service fund (except depreciation which is

  reported in capital outlays above) is reported with governmental activities. (Exhibit VI)
5,177,148 
(8) Change in net pension & OPEB liability
24,168,483 










$          104,565,142 











See Accompanying Notes to Financial Statements




















Go back to cover page








Page 40

APA - Virgina







Auditor of Public Accounts - Commonwealth of Virginia



image RATIOS_C3





































































Ratios for 2018 Early Warning System - Local Government Fiscal Distress Model










Government-wide Activity

















 Ratio 1  Ability to make up revenue shortfalls

0.99%















 Unrestricted reserves

64,145,352 





 Net of current liabilities








 Accounts Payable
16,384,155 






 Accrued Wages
10,062,828 






 Accrued Liabilities
1,689,562 






 Unearned Revenue
7,517,690 






 Other Short-term Liabilities
21,402,607 








57,056,842  (57,056,842)





 Unrestricted reserves, net

$              7,088,510 















 Normal revenues








 Total General Revenues

$          714,712,769 













 Ratio 2  Ability to pay current liabilities

112.42%





 Unrestricted reserves

$            64,145,352 





 Current liabilities

$            57,056,842 













 Ratio 3  Ability to fund expenses in unforeseen situation

8.59%





 Unrestricted net position

$            64,145,352 





 Total expenses

$          747,173,978 













 Ratio 4  Change in Net Position

114.09%





 Net Position-2017

$          443,785,835 





 Net Position-2018

$          506,316,534 













 Ratio 5  Outstanding debt supported by tax valuation

200.23%





 Total debt (liabilities)

$          998,032,004 





 Property tax valuation:








 Real Estate
441,473,485 






 Personal Property
56,962,854 








498,436,339  $          498,436,339 













 Ratio 6  Enterprise Funds are self-supporting
 There are no enterprise funds in this CAFR











 General Fund Activity

















 Ratio 7  Ability to fund expenditures in unforeseen situation 8.77%





 Unassigned fund balance

$            74,014,681 





 Total expenditures

$          843,609,339 























 Ratio 8  Sufficiency of reserves

62.05%





 Total Fund Balance

$          522,648,684 





 Total Revenues

$          842,310,823 













 Ratio 9  Annual revenues sufficient for operations

99.85%





 Total revenues

$          842,310,823 





 Total expenditures

$          843,609,339 













 Ratio 10  Debt service repayment

7.86%





 Debt service principal
44,404,949 






 Debt service interest
21,795,764 








66,200,713  $            66,200,713 





 Total revenues

$          842,310,823 























 Ratio 11  Change in unassigned fund balance

119.28%





 Unassigned FB-2017

$            62,051,447 





 Unassigned FB-2018

$            74,014,681 













 Ratio 12  Reliance on State and Federal revenues

12.92%





 Intergovernment revenue

$          108,835,998 





 Total operating revenue

$          842,310,823 























Go back to cover page (These calculated ratios are not included in the original document) 

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