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COVER PAGE



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

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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








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)