American Fork City, Utah
Comprehensive Annual Financial Report
Fiscal period ended June 30, 2011
Prepared by:
American Fork City Finance and Administration
American Fork City
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2011
TABLE OF CONTENTS
Table of Contents
Introductory Section.......................................................................................................................................................... 1
Organizational Chart...................................................................................................................................................... 6
List of Elected and Appointed Officials.......................................................................................................................... 7
Financial Section ................................................................................................................................................................ 8
INDEPENDENT AUDITORS’ REPORT ............................................................................................................................... 9
MANAGEMENT’S DISCUSSION AND ANALYSIS ........................................................................................................... 12
Basic Financial Statements .......................................................................................................................................... 20
Statement of Net Assets .......................................................................................................................................... 21
Statement of Activities ............................................................................................................................................ 22
Governmental Funds ............................................................................................................................................... 23
Combining Statement of Revenues, Expenditures and Changes in Fund Balance .................................................. 25
Statement of Changes Reconciliation to Statement of Activities ........................................................................... 26
Proprietary Funds .................................................................................................................................................... 27
Notes to the Financial Statements .............................................................................................................................. 31
Required Supplementary Information ........................................................................................................................ 55
Modified Approach – Asset Management System .................................................................................................. 56
Other Supplementary Information.............................................................................................................................. 61
Combining Financial Statements ............................................................................................................................. 62
General Fund ........................................................................................................................................................... 65
General Fund Analysis ............................................................................................................................................. 71
Special Revenue Funds ............................................................................................................................................ 74
Debt Service Fund.................................................................................................................................................... 81
Capital Projects Fund ............................................................................................................................................... 84
Perpetual Care Fund ................................................................................................................................................ 87
Proprietary Funds .................................................................................................................................................... 90
American Fork City
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2011
TABLE OF CONTENTS
Additional Auditors’ Reports ........................................................................................................................................... 98
REPORT ON INTERNAL CONTROL OVER FINANCIAL .................................................................................................... 99
REPORTING AND ON COMPLIANCE AND OTHER MATTERS ........................................................................................ 99
INDEPENDENT AUDITOR'S REPORT ........................................................................................................................... 101
ON LEGAL COMPLIANCE WITH APPLICABLE .............................................................................................................. 101
UTAH STATE LAWS AND REGULATIONS .................................................................................................................... 101
Statistical Section .......................................................................................................................................................... 103
General Property Tax Levies and Collections ............................................................................................................ 104
Schedule of Insurance ............................................................................................................................................... 105
Net Assets by Componant ......................................................................................................................................... 106
Changes in Net Assets ............................................................................................................................................... 107
Fund Balances, Governmental Funds ........................................................................................................................ 109
Changes in Fund Balance, Governmental Funds ....................................................................................................... 110
Assessed Value of Taxable Property.......................................................................................................................... 112
Overlapping Property Tax Rates ................................................................................................................................ 113
Principal Tax Payers ................................................................................................................................................... 114
Property Tax Levied and Collections ......................................................................................................................... 115
Taxable Sales by Category ......................................................................................................................................... 116
Direct and Overlapping Sales Tax Rates .................................................................................................................... 117
Sales Tax Payers by Industry...................................................................................................................................... 118
Charges for Water Fees ............................................................................................................................................. 119
Charges for Sewer and Storm Drain .......................................................................................................................... 119
Ratios of Outstanding Debt by Type.......................................................................................................................... 120
Direct and Overlapping Governmental Activities Debt ............................................................................................. 121
Legal Debt Margin Information ................................................................................................................................. 122
Pledged Revenue Coverage ....................................................................................................................................... 123
Demographic and Economic Statistics ...................................................................................................................... 124
Full-Time Equivilant City Employees by Function/Program ...................................................................................... 125
American Fork City
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2011
TABLE OF CONTENTS
Principal Employers ................................................................................................................................................... 126
Operating Indicators by Function/Program .............................................................................................................. 127
Capital Assets by Function/Program ......................................................................................................................... 128
[Type text]
Introductory Section
1
51 EAST MAIN, AMERICAN FORK, UT 84003 (801)763-3000 FAX 801-763-3004
December 16, 2011
To the Honorable Mayor, Members of the Governing Council, and the Citizens of American Fork:
State law requires that all general-purpose local governments publish within six months of the close of each fiscal
year a complete set of financial statements presented in conformity with generally accepted accounting principles
(GAAP), and audited in accordance with generally accepted auditing standards by a firm of licensed certified public
accountants. Pursuant to that requirement, we hereby issue the comprehensive annual financial report of American
Fork City for the fiscal year ended June 30, 2011.
This report consists of the management’s representations concerning the finances of American Fork City.
Consequently, management assumes full responsibility for the completeness and reliability of all of the information
presented in this report. To provide a reasonable basis for making these representations, management of American
Fork City has established a comprehensive internal control framework that is designed both to protect the
government’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of
American Fork City’s financial statements in conformity with GAAP. Because the cost of internal controls should not
outweigh their benefits, American Fork City’s comprehensive framework of internal controls has been designed to
provide reasonable rather than absolute assurance that the financial statements will be free from material
misstatement. As management, we assert that, to the best of our knowledge and belief, this financial report is
complete and reliable in all material aspects.
American Fork’s financial statements have been audited by Gilbert & Stewart, certified public accountants, a firm of
licensed certified public accountants. The goal of the independent audit was to provide reasonable assurance that
the financial statements of American Fork City for the fiscal year ended June 30, 2011, are free of material
misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements; assessing the accounting principles used, and significant estimates made by
management; and evaluating the overall financial statement presentation. The independent auditor concluded,
based upon the audit, that there was a reasonable basis for rendering an unqualified opinion that American Fork
City’s financial statements for the fiscal year ended June 30, 2011, are fairly presented in conformity with GAAP. The
independent auditor’s report is presented as the first component of the financial section of this report.
GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic
financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is
designed to complement the MD&A and should be read in conjunction with it. American Fork City’s MD&A can be
found immediately following the report of the independent auditors.
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51 EAST MAIN, AMERICAN FORK, UT 84003 (801)763-3000 FAX 801-763-3004
Profile of the Government
American Fork City, incorporated in 1853, is located in the Northern region of Utah County, Utah. The City is situated
approximately 28 miles from Salt Lake City, the capital of Utah. The City covers an area of approximately 9.09 miles.
The 2010 census indicated that American Fork City has a population of approximately 26,600 residents. American
Fork City is empowered to levy a property tax on both real and personal properties located within its boundaries. It
is also empowered by state statute to extend its corporate limits by annexation, which occurs periodically when
deemed appropriate by the governing council.
American Fork City has operated under the Mayor, Council form of government since incorporation. Policy-making
and legislative authority are vested in a governing council consisting of a mayor and five councilpersons. The
governing council is responsible, among other things, for passing ordinances, adopting the budget, appointing
committees and providing “advice and consent” for the Mayor appointments. The government’s administrator is
responsible for carrying out the policies and ordinances of the governing council, for overseeing the day-to-day
operations of the government. The Council is elected on a non-partisan basis. All Council members serve four-year
terms. The Mayor is elected to a four-year term.
Once known as the “hub of Utah County”, American Fork now views its mission as a “destination city”. American
Fork City provides a full range of services, including police and fire protection; the construction and maintenance of
City streets, water, sewer, storm drain, secondary irrigation and other services. Sanitation services are provided
through a contractual arrangement with Allied Waste Services. American Fork City Redevelopment Agencies and
American Fork City Building Authority both act as legally separate agencies, but functions, in essence, as a
department of American Fork City and therefore has been included as an integral part of American Fork City’s
financial statements. The American Fork Redevelopment Agency (RDA) plays a pivotal role in revitalizing many areas
throughout the City. The City’s building authority is the conduit whereby the City can finance major building projects.
Additional information on these legally separate entities can be found in the notes to the financial statements.
The annual budget serves as the foundation for American Fork City’s financial planning and control. All agencies of
American Fork City are required to submit requests for appropriation to the government’s budget officer annually.
The budget officer and City administrator review these requests; the requests serve as the starting point for
developing a proposed budget. The government’s administrator then presents the proposed budget to the council
for review prior to the first regularly scheduled meeting in May. The council is required to hold public hearings on
the proposed budget and to adopt a final budget by no later than June 22nd. The appropriated budget is prepared by
fund, function (i.e. public works), and department (i.e. engineering). Department heads may request transfer of
appropriations within a department. Transfers of appropriations between departments and increases in
departmental budget require the approval of the governing council. Budget-to-actual comparisons are provided in
this report for each individual governmental fund for which an appropriated annual budget has been adopted. For
the general fund, this comparison is presented on page 47 as part of the basic financial statements for the
governmental funds. For governmental funds, other than the general fund, with appropriated annual budgets, this
comparison is presented in the governmental fund subsection of this report, which starts on page 49.
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51 EAST MAIN, AMERICAN FORK, UT 84003 (801)763-3000 FAX 801-763-3004
Factors Affecting Financial Condition
The information presented in the financial statements is perhaps best understood when it is considered from the
broader perspective of the specific environment within which American Fork City operates.
Local economy. American Fork City currently has a mix of retail and light manufacturing. The recessionary period
has proven to be hard on the City, significantly decreasing revenues over the last three years and slowing the housing
market. The City is currently in a semi-flat revenue projection phase with some seasonal variations.
Major industries with headquarters or divisions located within the government’s boundaries or in close proximity
include software manufacturers, pharmaceuticals, food manufacturers, and automobile retail.
The City also has a large health-based component with the American Fork Hospital located within the City’s
boundaries.
Utah County, which includes American Fork City, has an employed labor force of approximately 22,687. The current
unemployment rate for the County is approximately 6.3%.
Long-term financial planning. The governing council plans to explore the possibility of developing a new park near
Art Dye Park. Projects for development also include those areas near the Front Runner train system. The developing
area would be entitled “transient area development”.
The water fund has sought and is recommending rate adjustments to better meet operational and debt service
financing for the secondary irrigation bonds.
The City, in coordination with MAG (Mountain land Association of Governments) and Utah County, are reconstructing 900 West; a significant arterial collector road in American Fork City.
Cash management policies and practices. Cash not used in current operations is invested in the Public Treasurer’s
Investment pool (PTIF).
The City receives funding for road improvements through the Stat’s class C road fund program. The funds are
allotted funds from gasoline fee collections. The allocation is based on road-miles and population of the City. It is
the City’s policy to use class C road funds for road improvements prior to the use of City allocations.
American Fork City’s unemployment insurance participation is self-funded and the City pays into the program based
on assessments and billings through State Unemployment system, and employee applications for unemployment.
Risk Management. American Fork City has initiated a limited risk management program in conjunction with the
workers compensation program and insurance program. Training opportunities have been offered to City
employees in areas of health maintenance and safe work environment training. Department-specific training is
provided to employees to prevent risks associated as per industry standards.
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51 EAST MAIN, AMERICAN FORK, UT 84003 (801)763-3000 FAX 801-763-3004
The City has invested significant funds in two sewer cleaning machines which have significantly decreased the
occurrence of sewer back-ups, and reduced City liability in this area.
The City has recently began a proactive approach to tree trimming in City parks and City-owned properties; to
decrease the potential risk associated with tree-accidents. The City has also geared specific focus on safety
inspections of playground equipment
Pension and other postemployment benefits. American Fork City participates in the Utah State Retirement Program,
for the City’s employees. The Retirement System is an agent plan for the benefit of American Fork City employees,
being managed by the Utah State Retirement program. American Fork City has no obligation in connection with
employee benefits offered through this plan beyond regular contractual payments to the Utah State Retirement
System.
Acknowledgements
The preparation of this report would not have been possible without the efficient and dedicated services of the staff
of the finance and administration departments. We would like to express our appreciation to all members of the
department who assisted and contributed to the preparation of this report, as well as the help and support of our
auditors, Gilbert and Stewart, Certified Public Accountants. Credit must also be given to the mayor and the
governing body for their unfailing support for maintaining the highest standards of professionalism in the
management of the American Fork City finances.
Respectfully submitted,
Cathy Jensen
Finance/Budget Officer
Craig Whitehead,
City Administrator.
5
AMERICAN FORK CITY
Organizational Chart
Citizens of American Fork City
City Council
Mayor
City Adm inistrator
Parks and Rec
Fire/EMS
Public Works
Broadband/
Technology
City Engineer
Recreation
Recorder
Fleet
Engineering
Fitness
Asst Recorder
Streets
Inspections
Bldgs & Grounds
Water/Sewer
Culinary Water
Storm Drain
Sew er
Secondary Irr.
Planning
Adm inistration
Asst PW Director
Econom ic Dev.
Finance/Budget
Legal
Police
Library
Adm inistrative
Services
Patrol
Hum an
Resources
Treasurer
Code
Enforcement
Arts
Cem etery
Payroll/Ac Rec
Anim al Control
Literacy
Parks
Acc Payable
Celebration
Utility Billing
Senior Citizens
Detectives
Citizen
Committees
6
American Fork City
List of Elected and Appointed Officials
June 30, 2011
Elected Officials
Mayor
James H. Hadfield
Council Member
Heidi Rodeback
Council Member
Shirl LeBaron
Council Member
Rick Storrs
Council Member
Keith Blake
Council Member
Dale Gunther
Appointed Officials
City Administrator
Craig Whitehead
City Recorder
Richard Colborn
Deputy Recorder
Terilyn Lurker
City Treasurer
Heidi Mitchel
7
Financial Section
8
INDEPENDENT AUDITORS’ REPORT
Honorable Mayor and
Members of the City Council
American Fork, UT
December 8, 2011
We have audited the accompanying financial statements of the governmental activities, the business-type
activities, each major fund, and the aggregate remaining fund information of American Fork City, Utah, (City)
as of and for the year ended June 30, 2011, which collectively comprise the City’s basic financial statements as
listed in the table of contents. These financial statements are the responsibility of the City’s management. Our
responsibility is to express opinions on these financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards, issued by
the Comptroller General of the United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit
includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles used and the significant estimates made by
management, as well as evaluating the overall financial statement presentation. We believe that our audit
provides a reasonable basis for our opinions.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective
financial position of the governmental activities, business-type activities, each major fund, and the aggregate
remaining fund information of the City as of June 30, 2011, and the respective changes in financial position and
cash flows, where applicable, thereof for the year then ended in conformity with accounting principles generally
accepted in the United States of America.
In accordance with Government Auditing Standards, we have issued a report dated December 8, 2011 on our
consideration of the City’s internal control over financial reporting and on our tests of its compliance with
certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that
report is to describe the scope of our testing of internal control over financial reporting and compliance and the
results of that testing and not to provide an opinion on the internal control over financial reporting or on
compliance. That report is an integral part of an audit performed in accordance with Government Auditing
Standards and should be considered in assessing the results of our audit.
Accounting principles generally accepted in the United States of America require that the management’s
discussion and analysis and budgetary comparison information, as listed in the table of contents, be presented to
supplement the basic financial statements. Such information, although not a part of the basic financial
statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential
part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or
historical context. We have applied certain limited procedures to the required supplementary information in
accordance with auditing standards generally accepted in the United States of America, which consisted of
inquiries of management about the methods of preparing the information and comparing the information for
9
Consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge
we obtained during our audit of the basic financial statements. We do not express an opinion or provide any
assurance on the information because the limited procedures do not provide us with sufficient evidence to
express an opinion or provide any assurance.
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the City’s financial statements as a whole. The introductory section, other supplementary information,
and statistical tables listed in the table of contents are presented for purposes of additional analysis and are not a
required part of the financial statements. The other supplementary sections are the responsibility of management
and were derived from and relate directly to the underlying accounting and other records used to prepare the
financial statements. The information has been subjected to the auditing procedures applied in the audit of the
financial statements and certain additional procedures, including comparing and reconciling such information
directly to the underlying accounting and other records used to prepare the financial statements or to the
financial statements themselves, and other additional procedures in accordance with auditing standards generally
accepted in the United States of America. In our opinion, the information is fairly stated in all material respects
in relation to the financial statements as a whole. The introductory and statistical sections have not been
subjected to the auditing procedures applied in the audit of the basic financial and, accordingly, we do not
express an opinion or provide any assurance on it.
GILBERT & STEWART
Certified Public Accountants
10
Page Intentionally Left Blank
11
MANAGEMENT’S DISCUSSION AND ANALYSIS
As management of American Fork City, we offer readers of American Fork City’s financial statements this
narrative, discussion, overview and analysis of the financial activities of American Fork City for the fiscal year
ended June 30, 2011.
FINANCIAL HIGHLIGHTS
The assets of American Fork City exceeded the liabilities as of the close of the most recent year by
$69,945,730 (net assets). Of this amount $11,397,457 (unrestricted net assets) may be used to meet
the government’s ongoing obligations to citizens and creditors.
In the general fund, revenues exceeded expenditures by $3,766.976, before inter-fund transfers.
At the close of the fiscal year, the unassigned fund balance of the general fund totaled $3,140,856 or
18% of total general fund revenues. State statutes allow a maximum unreserved fund balance of 18%
of total general fund revenues.
On January 25, 2011, the City Council passed a resolution allowing the finance officer to make
transfers, over 18% of fund balance, in the general fund, to the capital projects fund; to be allocated at a
later time for specific purposes; in order to maintain the 18% fund balance in the general fund, as is
done in other communities.
Property Tax Revenue from a property tax increase in 2007 helped finance an accrual account for road
projects; the City continues to fund this accrual account. Budgetary adjustments in the capital fund were
necessary to allow for use of these funds for streets projects.
Sales tax revenue received by the City, on a cash-basis for the period of July 2010 through June 2011
showed an increase of 3% over the same period in the previous year. This is a vast improvement when
compared to a reduction of 14% in sales tax received on a cash basis, for the period of July 2009
through June 2010 of the previous year.
Sales tax revenue, major operating revenue of the City, continues to be a prime concern of the City.
Economic events continue to be monitored, and conservative revenue projections continue to be
employed to help prepare for possible further economic downturns of the economy.
It is the intent of the City to continue to try to sell fiber line, reserve-fund the proceeds and accumulate
funds with the intention of retiring the debt. At that point, it is hoped that the Broadband will be able to
make sufficient revenues through lease of fiber, to off-set operating costs in the fund. Currently,
broadband reserves are being used to meet the principal portion of the broadband debt service, with the
interest portion being supplemented by the general fund through a transfer to the broadband fund.
The City intends to make significant improvements to 900 West, through funding from MAG
(Mountainland Association of Governments); the financing will be handled through Utah County, on a
reimbursement basis, beginning October 2011.
OVERVIEW OF THE FINANCIAL STATEMENTS
This discussion and analysis are intended to serve as an introduction to the City’s basic financial statements.
The City’s basic financial statements are comprised of three components: 1) government-wide financial
statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains
other supplementary information in addition to the basic financial statements themselves.
GOVERNMENT-WIDE FINANCIAL STATEMENTS. The government-wide financial statements are designed to
provide readers with a broad overview of the City’s finances, in a manner similar to a private-sector business.
12
The statement of net assets presents information on all of the assets and liabilities of the City, with the
difference between the two reported as net assets. Over time, increases or decreases in net assets may serve
as a useful indicator of whether the financial position of the City is improving or deteriorating.
The statement of activities presents information showing how the net assets of the City changed during the most
recent fiscal year. All changes in net assets are reported as soon as the underlying event giving rise to the
change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in
this statement for some items that will only result in cash flows in future periods (e.g., uncollected taxes and
earned but unused vacation leave.)
Both of the government-wide financial statements distinguish functions of the City that are principally supported
by taxes and intergovernmental revenues (governmental activities) from functions that are intended to recover
all or a significant portion of their costs through user fees and charges (business-type activities.) The
governmental activities of the City include general government and administration, public safety, public works,
library and cemetery. The business-type activities of the City include Water and Sewer, and the Broadband.
Please refer to the table of contents for the location of the government-wide financial statements.
FUND FINANCIAL STATEMENTS. A fund is a grouping of related accounts that is used to maintain control
over resources that have been segregated for specific activities or objectives. The City, like other state and
local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal
requirements. All of the funds of the City can be divided into three categories: governmental funds, proprietary
funds and fiduciary funds.
GOVERNMENTAL FUNDS. Governmental funds are used to account for essentially the same functions
reported as governmental activities in the government-wide financial statements. However, unlike the
government-wide financial statements, governmental fund financial statements focus on current sources and
uses of spendable resources, as well as on balances of spendable resources available at the end of the fiscal
year. Such information may be useful in evaluating a government’s near-term financial requirements.
Because the focus of government funds is narrower than that of the government-wide financial statements, it is
useful to compare the information presented for governmental funds with similar information presented for
governmental activities in the government-wide financial statements. By doing so, readers may better
understand the long-term impact of the government’s near-term financing decisions. Both the governmental
funds balance sheet and the governmental fund statements of revenues, expenditures, and changes in fund
balances provides a reconciliation to facilitate this comparison between government funds and government
activities.
The City maintains 11 governmental funds. Information is presented separately in the governmental fund
balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund
balances for the general, debt service, capital projects, redevelopment agency and fitness center, all of which
are considered to be major funds. Data from the other 7 funds are combined into a single, aggregated
presentation. Individual fund data for each of these non-major governmental funds is provided in the form of
combining statements elsewhere in this report.
The City’s governmental funds are:
General Fund
Debt Service Fund
Redevelopment Agency
Municipal Building Authority
Capital Improvements Fund (Capital Projects Fund)
Capital Projects Fund
Alpine Special Improvement Fund (Capital Projects Fund)
Meadows Special Improvement Fund (Capital Projects Fund)
Arts Council
Fitness Center
Downtown Improvement Fund
13
The City adopts an annual appropriated budget for all of its governmental funds. Budgetary comparison
statements have been provided for the general fund and major special revenue funds to demonstrate
compliance with those budgets.
As allowed by GASB Statement No. 34, Basic Financial Statements, - and management’s Discussion and
Analysis – for State and Local Governments, the City has adopted the “modified approach”, for reporting costs
associated with certain infrastructure assets. The City capitalizes costs related to new construction, major
replacements, and improvements that increase the capacity and/or efficiency of infrastructure assets reported
under the modified approach. Further information about the City’s modified approach can be found in the
Required Supplementary Information section of the financial statements.
Please refer to the table of contents for the location of the basic governmental fund financial statements.
PROPRIETARY FUNDS. The City maintains one proprietary fund type. Enterprise funds are used to report the
same functions presented as business-type activities in the government-wide financial statements. The City
uses enterprise funds to account for its water, sewer and broadband funds.
Proprietary funds provide the same type of information as the government-wide financial statements, only in
more detail. The proprietary fund financial statements provide separate information for the water, sewer and
broadband funds which are all considered to be major funds of the City.
FIDUCIARY FUNDS. Fiduciary funds are used to account for resources held for the benefit of parties outside
the governmental entity. Fiduciary funds are not reflected in the government-wide financial statements because
the resources of those funds are not available to support the City’s own programs. The accounting used for
fiduciary funds is much like that used for proprietary funds.
The City’s only fiduciary fund is the perpetual care fund, for the cemetery.
Please refer to the table of contents for the location of the basic fiduciary fund financial statements.
NOTES TO THE FINANCIAL STATEMENTS. The notes provide additional information that is essential to a full
understanding of the data provided in the government-wide and fund financial statements. The notes are part of
the basic financial statements.
OTHER INFORMATION. In addition to the basic financial statements and accompanying notes, this report also
presents certain required supplementary information concerning the City.
The combining statements referred to earlier in connection with non-major governmental funds and the
enterprise fund is presented immediately following the required supplementary information.
GOVERNMENT-WIDE FINANCIAL ANALYSIS
As noted earlier, net assets may serve over time as a useful indicator of a government’s financial position. In
the case of American Fork City, assets exceed liabilities by $120,729,002 (net assets) at the close of the most
recent fiscal year.
An additional portion of the City’s net assets (approximately 70%) represents resources that are subject to
external restriction on how they may be used. The remaining balance of unrestricted net assets $20,423,735
may be used to meet the government’s ongoing obligations to citizens and creditors.
As of June 30, 2011, the City is able to report positive balances in both categories of net assets, both for the
government as a whole, as well as for its separate governmental and business-type activities.
14
AMERICAN FORK CITY
NET ASSETS
Governmental Activities
2011
Curr and other assets
Capital assets
Total assets
Current liabilities outstanding
Long term liabilities
Total liabilities
Net assets:
Invested in capital assets, net
of related debt
Restricted
Unrestricted
Total net assets
2010
Total
Business-Type Activities
2011
2010
$52,858,352
2011
$30,820,941
166,657,689
$197,478,630
$7,752,163
68,997,465
$76,749,628
2010
$29,930,142
169,233,594
$199,163,736
$7,801,579
71,985,780
$79,787,359
$41,068,585
$24,982,222
$98,512,829
$81,205,919
1,507,322
11,037,290
688,409
9,026,278
780,940
24,844,906
$68,768,309
$50,783,272
$50,608,068
1,792,438
20,423,735
$120,729,002
2,288,262
35,882,196
$119,376,377
$19,020,121
75,844,104
$19,037,210
76,660,106
$11,800,820
90,813,585
$10,892,932
92,573,488
$94,864,225
$95,697,316
$102,614,405
$103,466,420
$5,751,200
$5,726,692
$2,000,963
$2,074,887
19,167,295
21,202,315
49,830,170
50,783,465
$24,918,495
$26,929,007
$51,831,133
$57,444,244
$56,223,697
1,104,029
11,397,457
$69,945,730
GOVERNMENTAL ACTIVITIES. Governmental activities increased the City’s net assets by $1,177,421.
Net revenue decreased in the governmental funds by $1,184,801. Even though revenues increased in the
governmental funds by $1,075,996, expenditures in the governmental funds also increased. Specific areas that
showed significant increases in expenditures include: Public safety, with an increase of $1,069,912 and
improvements which showed an increase of $883,725.
REVENUES BY SOURCE
General Fund
For Period Ending June 2011
Taxes
Licenses and Permits
Intergovernmental
Revenue
Charges for Services
Other Fees and Services
The City exercised prudent management in the capital outlay expenses. Funding for capital assets was geared
to those assets, such as the fire truck, for which the City is already involved in leases. The City recognizes that
continued restraint in the funding of capital assets will not be possible. We believe it is in the best interest of the
City to maintain a fleet of well-performing assets. Primary concern for future funding is for improvements to
infrastructure in areas such as streets and water/sewer lines.
The City continues to search for resources to fund cemetery property, sidewalk and road improvements, and
sewer and water infrastructure.
15
Current sources of funds for road improvements include B&C road funds and the road accrual fund, which is
made up of property tax revenue. Impact fees are available for those road projects attributable to growth.
Expenses and Revenues for some program categories in governmental activities include the following:
PROGRAM EXPENSES AND REVENUES
Governmental Activities
For Period Ending June 2011
General
$6,000,000
Public Safety
$4,000,000
Public Improvements
$2,000,000
Parks and Recreation
$0
Expenses
Other (Including LT Debt
Interest)
Revenues
BUSINESS-TYPE ACTIVITIES. Business-Type Activities total $ 56,783,272 of the City’s net assets.
AMERICAN FORK CITY
CHANGES IN NET ASSETS
Governmental Activities
Revenues:
Program Revenues:
Charges for Services
Grants and contributions
General Revenues:
Property taxes
Other taxes
Other
Transfers
Total Rev and Transfers
Expenses:
General government
Water and Sewer
Broadband
Total expenses
Increase in net assets
Net assets-beginning
Net assets-ending
Business-Type Activities
2011
2010
$7,479,198
1,745,317
$6,875,682
1,987,282
$10,134,037
1,500,194
$8,482,933
325,838
$17,613,235
3,245,511
$15,358,615
2,313,120
5,290,281
7,026,292
128,842
98,000
$21,767,930
5,269,656
6,972,369
184,067
-219,400
$21,069,656
38,530
(98,000)
$11,574,761
488,540
219,400
$9,516,711
5,290,281
7,026,292
167,372
$33,342,691
5,269,656
6,972,369
672,607
$30,586,367
$20,590,509
$18,990,519
10,771,893
627,666
$11,399,559
$175,202
$56,608,070
$56,783,272
8,493,299
697,509
$9,190,808
$325,903
$50,282,165
$50,608,068
$20,590,509
10,771,893
627,666
$31,990,068
$1,352,623
$119,376,377
$126,729,002
$18,990,519
8,493,299
697,509
$28,181,327
$2,405,040
$116,971,337
$119,376,377
$20,590,509
$1,177,421
$68,768,309
$69,945,730
$18,990,519
$2,079,137
$66,689,172
$68,768,309
2011
2010
Total
2011
2010
16
FINANCIAL ANALYSIS OF THE GOVERNMENT’S FUNDS
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal
requirements.
GOVERNMENTAL FUNDS. The focus of the City’s governmental funds is to provide information on near-term
inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City’s
financing requirements. In particular, unreserved fund balance may serve as a useful measure of a
government’s net resources available for spending at the end of the fiscal year.
At the end of the year, the American Fork City’s governmental funds reported combined ending fund balances of
$12,898,838.
Approximately 24 percent of the governmental fund balance amount ($3,140,856) constitutes unassigned fund
balance, which is available for spending at the government’s discretion. The remainder of fund balance is
reserved to indicate that it is not available for new spending because it has already been committed 1) to pay for
encumbrances 2) to pay for debt service ($1,028,856) 3) to pay for capital projects ($5,227,300) or the funds
have been assigned for other purposes.
The general fund is the chief operating fund of the City. At the end of the current year, unreserved fund balance
of the general fund was $3,140,856.
As a measure of the general fund’s liquidity, it may be useful to compare both unassigned fund balance and
total fund balance to total fund expenditures. Unassigned fund balance represents approximately 22 percent of
the total general fund expenditures before transfers out.
PROPRIETARY FUNDS. The City’s proprietary fund statements provide the same type of information found in
the government-wide financial statements, but in more detail.
Unrestricted net assets of the respective proprietary funds are Water and Sewer $9,642,490, and Broadband
($616,212).
BUDGETARY HIGHLIGHTS. The difference between the original budget and the final amended budget was a
net increase of $975,900. The majority of the adjustments made in the general fund were related to operational
expenses, with an off-setting increase to some revenues such as sales tax revenue. Some changes in the
budget may be summarized as follows:
$975,900 increase in the general fund was due mainly to re-allocation of budget and adjustments for
increased tax revenues.
Increases in general fund expenditures include: Increase in legal fees, for unexpected personnel issues
($107,700); Increases in maintenance and utility costs associated with public buildings ($113,700);
Increases in costs associated with the fire department services, associated with higher call volume
($157,400); increases in streets maintenance, particularly pavement markings ($149,100).
$ 182,000 increase in the capital improvement and equipment fund was primarily due a contract-related
semaphore construction in the Alpine Special Improvement District.
$ 159,600 increase in the fitness center was to meet operational costs.
$ 150,000 increase in the redevelopment agency (RDA) was to cover improvement costs related to the
RDA areas.
In making budgetary adjustments where possible, individual departmental budgets were examined to look for
excess budget The City continues to re-evaluate revenue streams and adjust expenditures throughout the
fiscal year. Departments continue to be innovative in looking at ways to adjust their budgetary expenditures, to
save money.
17
CAPITAL ASSET AND DEBT ADMINISTRATION
CAPITAL ASSETS. The capital projects fund is used to account for the costs incurred in acquiring and
improving sites, constructing and remodeling facilities and procuring equipment necessary for providing
programs for the citizens of the City.
The City has elected to use the modified approach to account for its infrastructure assets such as roads and
bridges. That information can be found in the required supplemental information following the notes to the
financial statements.
American Fork City
Capital Assets
Governmental Activities
Business-type Activities
Total
Land
2011
$22,708,460
2010
$22,708,460
2011
$564,678
Infrastructure
Buildings & Improvements
26,293,984
36,218,807
26,272,138
36,095,550
-
-
26,293,984
26,272,138
94,301,289
93,566,032
130,520,096
129,661,582
7,626,425
7,512,017
1,883,747
1,883,747
9,510,172
9,395,764
Equipment
Construction in progress
Accumulated Depreciation
Water Stock
530,247
530,247
-17,533,819
-16,458,306
-
Total
$75,844,104
$76,660,106
2010
$564,678
2011
$23,273,138
2010
$23,273,138
-
-
530,247
530,247
-22,996,545
-20,382,305
-40,530,364
-36,840,611
17,060,416
16,941,336
17,060,416
16,941,336
$90,813,585
$92,573,488
$166,657,689
$169,233,594
Additional information on American Fork City’s capital assets can be found in the notes to the financial
statements.
LONG-TERM DEBT
At the end of the current year, the City had total bonded debt outstanding of $71,985,780. The debt represents
both general obligation bonds and revenue bonds secured solely by specified revenue sources (i.e. revenue
bonds.)
American Fork City
Outstanding Debt
Governmental Activities
2011
G.O. Bonds
Revenue Bonds
Sp Assessment Bonds
Capital Lease
Other
Total
2010
Business-type Activities
2011
2010
Total
2011
2010
$12,355,000
3,420,000
2,188,000
329,720
874,575
$13,595,000
3,855,000
2,735,000
90,697
926,618
$46,460,000
3,285,000
85,170
$47,024,000
3,670,000
89,465
$58,815,000
6,705,000
2,188,000
329,720
959,745
$60,619,000
7,525,000
2,735,000
90,697
1,016,083
$19,167,295
$21,202,315
$49,830,170
$50,783,465
$68,997,465
$71,985,780
18
State statutes (Utah State Constitution, Article XIV, Section 4) limits the amount of general obligation debt a
governmental entity may issue to 12 percent of its total fair market value of taxable property in the City; four
percent for general obligation debt, and an additional 8% for water, light or sewer.
The current fair market value of the taxable property in the City is $ 1,468,181,000. The current debt limitation
for the City is $117,120. American Fork City has general obligation debt of $58,815,000.
Legal Debt Margin Calculation
Fiscal Year Ending June 2011
(dollars in thousands)
Assessed value
$ 1,468,181
Debt limit (12% of assessed value)
176,182
Debt applicable to limit:
General obligation bonds
58,815
Less: Amount set aside for
-247
repayment of general
obligation debt
Total net debt applicable to limit
$
59,062
Legal debt margin
$ 117,120
Additional information on the City’s long-term debt can be found in the notes to the financial statements.
ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND RATES
American Fork City is located in Utah County. The unemployment rate for Utah County as of June 2011
was 7.4%. This rate is slightly less than the reported US unemployment rate at that time of 9.2%.
There are approximately 150 acres of commercial property that continues to be developed in American
Fork City. This development provides new sales and property tax to the City. The City encourages new
development in the City. The City also has implemented a “shop local” campaign to encourage
residents to retain their tax dollars in the City.
The City continues to exercise conservatism with regards to expenditures, employee compensation,
capital improvements and capital assets. City administration continues to exercise creative ways to
preserve as well as step up maintenance for assets and infrastructure. Some of the techniques the City
uses for repairs and improvements of infrastructure include: street re-surfacing, in-house repairs of
culinary water and sewer line repairs and alternative funding sources such as grants and Federal
funding.
REQUESTS FOR INFORMATION. The financial report is designed to provide a general overview of American
Fork City’s finances for all those with an interest in the government’s finances. Questions concerning any of the
information provided in this report or requests for additional financial information should be addressed to
American Fork City, Finance Officer, 51 East Main Street, American Fork City, Utah 84003.
19
Basic Financial Statements
20
AMERICAN FORK CITY
Government-Wide Financial Statements
AMERICAN FORK CITY
Statement of Net Assets
June 30, 2011
Governmental
Activities
ASSETS
Cash and cash equivalents
Receivables (net of allowance)
Accounts
Intergovernmental
Assessments
Taxes
Other
Prepaid expenses
Internal balances
Inventory
Restricted cash and cash equivalents
Bond costs - (net of accumulated amortization)
Capital assets (net of accumulated depreciation):
Land
Water stock
Buildings and improvements
Equipment
Infrastructure
Construction in progress
Accumulated depreciation
Total assets
LIABILITIES
Outstanding checks in excess of deposits
Accounts payable and accrued liabilities
Accrued salaries, wages and benefits
Deposits
Deferred revenue
Bond interest payable
Long term liabilities
Due within one year
Due in more than one year
Total liabilities
NET ASSETS
Invested in capital assets, net of related debt
Restricted
Debt service
Capital projects
Permanent fund - cemetary care
Unrestricted
Total net assets
Primary Government
Business-type
Activities
$
Total
$ 10,641,547
$ 8,861,505
684,497
522,923
43,739
5,861,429
(172,380)
36,497
1,357,712
44,157
1,072,093
972,502
172,380
688,409
33,931
1,756,590
522,923
43,739
5,861,429
972,502
36,497
2,046,121
78,088
22,708,460
36,218,807
7,626,425
26,293,984
530,247
(17,533,819)
94,864,225
564,678
17,060,416
94,301,289
1,883,747
(22,996,545)
102,614,405
23,273,138
17,060,416
130,520,096
9,510,172
26,293,984
530,247
(40,530,364)
197,478,630
548,700
242,832
259,660
4,521,307
178,701
1,079,856
411,546
27,011
68,807
413,743
1,079,856
960,246
269,843
328,467
4,521,307
592,444
3,108,007
16,059,288
24,918,495
1,610,170
48,220,000
51,831,133
4,718,177
64,279,288
76,749,628
57,444,244
41,068,585
98,512,829
328,575
661,268
114,186
11,397,457
$ 69,945,730
688,409
9,026,278
$ 50,783,272
328,575
1,349,677
114,186
20,423,735
120,729,002
$
19,503,052
See accompanying notes to the financial statements.
21
AMERICAN FORK CITY
Government-Wide Financial Statements
AMERICAN FORK CITY
Statement of Activities
For the Year Ended June 30, 2011
Function/Programs
Primary government:
Governmental activities:
General government
Public safety
Public improvements
Parks and recreation
Other
Interest on long-term debt
Total governmental activities
Business-type activities:
Water and Sewer
Broadband
Total business-type activities
Expenses
Program Revenues
Net (Expense) Revenue & Changes
Operating
Capital
in Net Assets
Charges for
Grants and
Grants and Governmental Business-type
Services
Contributions Contributions Activities
Activities
Total
$ 3,055,046
5,557,713
4,498,409
3,779,536
2,856,238
843,567
20,590,509
$ 2,359,828
1,553,995
2,146,883
1,418,492
7,479,198
$
175,147
837,272
12,851
1,025,270
10,771,893
627,666
11,399,559
$31,990,068
9,875,728
258,309
10,134,037
$ 17,613,235
$ 1,025,270
$
52,001
262,451
405,595
720,047
$ (695,218)
(3,776,570)
(3,398,686)
(1,227,058)
(1,424,895)
(843,567)
(11,365,994)
1,500,194
1,500,194
$ 2,220,241
(11,365,994)
General revenues:
Property taxes
General sales and use tax
Energy taxes
Franchise taxes
Gain (loss) on sale/retirement of assets
Interest earnings
Transfers
Total general revenues
Change in net assets
Net assets - beginning
Net assets - ending
$ 5,290,281
5,095,374
1,390,990
539,928
38,919
89,923
98,000
12,543,415
1,177,421
68,768,309
$ 69,945,730
$
-
$
604,029
(369,357)
234,672
234,672
$
-
38,530
(98,000)
(59,470)
175,202
50,608,070
$ 50,783,272
(695,218)
(3,776,570)
(3,398,686)
(1,227,058)
(1,424,895)
(843,567)
(11,365,994)
604,029
(369,357)
234,672
(11,131,322)
$
5,290,281
5,095,374
1,390,990
539,928
38,919
128,453
12,483,945
1,352,623
119,376,379
$ 120,729,002
See accompanying notes to the financial statements.
22
AMERICAN FORK CITY
Government-Wide Financial Statements
AMERICAN FORK CITY
Governmental Funds
Balance Sheet
June 30, 2011
General
Fund
ASSETS
Cash and cash equivalents
Receivables (net):
Accounts
Taxes
Intergovernmental
Other
Due from other funds
Inventory
Restricted cash
Total assets
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable and accrued liabilities
Accrued salaries, wages and benefits
Accrued compensated absences
Due to other funds
Deposits
Deferred revenue
Total liabilities
Fund Balances:
Fund balances restricted for:
Debt
Totalservice
noncurrent assets
Perpetual
Total noncurrent
care
assets
Redevelopment
Impact fees
Assigned for:
Capital projects
Debt service fund
Municipal Building
Special revenue funds
Unassigned
Total fund balances
Total liabilities & fund balances
$
Capital
Projects
1,988,366
$
5,922,671
58,000
16,172
535,012
6,531,855
606,107
4,547,512
522,923
21,758
$
7,686,666
$
$
362,690
187,559
317,216
23,884
259,660
3,394,801
4,545,810
$
$
Debt
Service
71,894
190,333
262,227
$
696,948
$
3,333
328,575
1,028,856
$
-
-
-
328,575
-
-
1,042,328
3,140,856
3,140,856
7,686,666
5,227,300
6,269,628
6,531,855
$
$
Special Revenue
Redevelopment
Fitness
Agency
Center
Nonmajor
Governmental
Funds
Total
Governmental
Funds
$
1,654,721
$
178,966
$ 10,641,547
$
1,313,917
14,620
2,983,258
$
20,390
43,739
25,349
3,847
494,125
766,416
684,497
5,861,429
522,923
43,739
59,474
36,497
1,357,712
$ 19,207,818
$
61,029
17,637
1,313,917
1,392,583
$
199,875
$
10,892
210,767
$
39,730
53,915
93,645
-
-
1,590,675
-
700,281
1,028,856
1,028,856
1,590,675
2,983,258
$
$
$
13,357
1,358
14,715
$
548,700
242,832
317,216
231,854
259,660
4,708,718
6,308,980
-
539,864
97,371
-
328,575
539,864
1,688,046
1,042,328
117,122
117,122
210,767
280
114,186
751,701
766,416
5,227,300
700,281
280
231,308
3,140,856
12,898,838
$ 19,207,818
$
See accompanying notes to the financial statements
23
AMERICAN FORK CITY
Government-Wide Financial Statements
AMERICAN FORK CITY
Balance Sheet Reconciliation to Statement of Net Assets
June 30, 2011
Total fund balances - governmental fund types:
$ 12,898,838
Amounts reported for governmental activities in the statement of net assets are
different because:
Capital assets used in governmental activities are not financial resources and, therefore,
are not reported in the funds. Capital assets cost $112,029,475
net of accumulated depreciation (36,185,371)
Long term assets are not available to pay for current period expenditures and,
therefore are deferred in the governmental fund statements.
Delinquent property taxes
Interest payable, but not yet due, on long-term debt does not require current financial
resources. Therefore, interest payable is not reported as a liability in the governmental
fund statements.
75,844,104
187,411
(178,701)
Long-term liabilities, including bonds payable, are not due and payable in the current
period and are not included in the governmental fund statements.
Deferred Bond Costs (net of amortization)
Due in one year
Due in more than one year
Net assets of government activities
44,157
(3,108,007)
(15,742,072)
$ 69,945,730
See accompanying notes to the financial statements.
24
AMERICAN FORK CITY
Government-Wide Financial Statements
AMERICAN FORK CITY
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
For the Year Ended June 30, 2011
General
Fund
REVENUES
Taxes
Licenses and permits
Intergovernmental
Charges for services
Other fees and services
Fines and forfeitures
Impact fees
Miscellaneous
Interest income
Total revenues
EXPENDITURES
Current:
General government
Public safety
Public improvements
Parks and recreation
Other
Debt service:
Principal retirement
Interest and fiscal charges
Total expenditures
Excess revenues over (under)
expenditures
Other Financing Sources (Uses)
Issuance of capital lease
Operating transfers in
Operating
Total assets
transfers out
Total other financing sources and uses
Net change in fund balance
Fund balances - beginning of year
Fund balances - end of year
$ 11,073,218
395,073
1,025,270
3,153,089
1,025,553
940,839
334,121
41,439
17,988,602
Capital
Projects
$
Special Revenue
Redevelopment
Fitness
Agency
Center
Debt
Service
1,389,403
11,834
1,401,237
2,783,295
5,309,135
2,167,217
1,228,229
2,733,750
244,900
706,275
774,650
125,717
256
-
14,221,626
1,851,798
2,222,000
858,174
3,080,174
(1,104,750)
(3,075,487)
304,700
(290,172)
(80,306)
(479,039)
433,460
2,715,007
(947,400)
2,201,067
1,096,317
5,173,311
6,269,628
3,105,500
3,105,500
30,013
998,843
1,028,856
(670,137)
(670,137)
(365,437)
1,956,112
1,590,675
290,000
290,000
(172)
117,294
117,122
121,200
(2,673)
118,527
38,221
713,480
751,701
433,460
6,302,017
(6,204,017)
531,460
52,421
12,846,417
$ 12,898,838
$
$
-
$
$
$
1,509,294
566
1,509,860
196,020
4,396
200,416
$ 12,462,621
395,073
1,025,270
3,349,109
2,534,847
940,839
704,153
350,015
89,923
21,851,850
1,096,537
-
1,800,032
-
20
280,702
-
3,028,195
6,015,410
4,038,424
3,434,680
2,734,006
1,096,537
1,800,032
280,722
2,222,000
858,174
22,330,889
$
-
$
4,687
4,687
70,310
(4,583,807)
(4,513,497)
(746,521)
3,887,377
$ 3,140,856
$
Total
Governmental
Funds
704,153
15,894
27,001
747,048
3,766,976
-
Nonmajor
Governmental
Funds
$
-
See accompanying notes to the financial statements.
25
AMERICAN FORK CITY
Government-Wide Financial Statements
AMERICAN FORK CITY
Statement of Changes Reconciliation to Statement of Activities
June 30, 2011
Amounts reported for governmental activities in the statement of activities are
different because:
Net changes in fund balances - total governmental funds
Governmental funds report capital outlays as expenditures. However, in the
statement of activities the cost of those assets are allocated over their estimated
useful lives and reported as depreciation expense. This is the amount by which
capital outlays exceeded depreciation in the current period.
Capital asset acquisitions
Current year depreciation
The net effect of various miscellaneous transactions involving capital assets
(i.e., sales, trade-ins, and donations) is to increase (decrease) net assets.
Cost of assets sold
$
$
741,492
(1,471,126)
(729,634)
(35,872)
(35,872)
Revenues in the statement of activities that do not provide current financial resources
are not reported as revenues in the funds.
Delinquent Property Taxes
The issuance of long-term debt ( e.g. bonds, leases, ) provides current financial
resources to governmental funds, while the repayment of the principal of
long-term debt consumes the current financial resources of governmental funds.
Neither transaction, however, has any effect on net assets. Also, governmental
funds report the effect of issuance costs, premiums, discounts, and similar items
when debt is first issued, whereas these amounts are deferred and amortized in
the statement of activities. This amount is the net effect of these differences in
the treatment of long-term debt and related items.
Bond and lease principal payments
Capital Lease Proceed
Bond issuance cost amortization
Some expenses reported in the statement of activities do not require the use of
current financial resources and, therefore, are not reported as expenditures in
governmental funds.
Accrued compensated absences
Accrued interest payable
Change in net assets of governmental activities
52,421
(152,778)
2,470,009
(433,460)
(6,339)
2,030,210
(1,529)
14,603
13,074
$ 1,177,421
See accompanying notes to the financial statements.
26
AMERICAN FORK CITY
Government-Wide Financial Statements
AMERICAN FORK CITY
Proprietary Funds
Statement of Net Assets
June 30, 2011
Business-Type Activities - Enterprise
Water and
Sewer Fund
AS S ETS
Current assets:
Cash and cash equivalents
Accounts receivable - net of allowance
Note receivable - current portion
Due from other funds
Total current assets
$
Noncurrent assets:
Note receivable - long-term
Bond Costs - net of amortization
Capital assets
Land
Water stock
Buildings and improvements
M achinery and equipment
Less: accumulated depreciation
Total capital assets
Restricted cash and cash equivalents
Total noncurrent assets
8,861,505
1,019,738
3,918
187,000
10,072,161
Broadband
Fund
$
52,355
500,000
552,355
468,584
33,931
-
$
8,861,505
1,072,093
503,918
187,000
10,624,516
468,584
33,931
564,678
17,060,416
92,822,079
1,373,608
(22,210,515)
89,610,266
688,409
90,801,190
1,479,210
510,139
(786,030)
1,203,319
1,203,319
564,678
17,060,416
94,301,289
1,883,747
(22,996,545)
90,813,585
688,409
92,004,509
100,873,351
1,755,674
102,629,025
382,739
23,394
19,620
14,620
354,922
1,125,000
1,920,295
1,079,856
9,187
3,617
58,821
400,000
1,551,481
1,079,856
391,926
27,011
19,620
14,620
413,743
1,525,000
3,471,776
Noncurrent liabilities:
Customer deposits
Compensated absences
Long-term debt
Total noncurrent liabilities
Total liabilities
68,807
68,084
45,335,000
45,471,891
47,392,186
17,086
2,885,000
2,902,086
4,453,567
68,807
85,170
48,220,000
48,373,977
51,845,753
Net Assets:
Invested in capital assets, net of related debt
Restricted - capital projects
Unrestricted
Total net assets
$
43,150,266
688,409
9,642,490
53,481,165
Total assets
LIABILITIES
Current liabilities:
Outstanding checks in excess of deposits
Accounts payable and accrued expenses
Accrued salaries and benefits payable
Due to other entities
Due to other funds
Bond interest payable
Long-term debt, current portion
Total current liabilities
-
Total
(2,081,681)
(616,212)
$ (2,697,893)
41,068,585
688,409
9,026,278
$ 50,783,272
See accompanying notes to the financial statements.
27
AMERICAN FORK CITY
Government-Wide Financial Statements
AMERICAN FORK CITY
Proprietary Funds
Statement of Revenues, Expenditures and Changes in Fund Net Assets
For the Year Ended June 30, 2011
Business-Type Activities - Enterprise Funds
Water and
Sewer Fund
Operating revenues:
Charges for services
Other operating income
Total operating revenues
Operating expenses:
Salaries, wages and employee benefits
Supplies and materials
Professional and technical
Depreciation and amortization
Other
Total operating expenses
Operating income
$ 9,853,266
22,462
9,875,728
Broadband
Fund
$
258,309
258,309
Total
$
10,111,575
22,462
10,134,037
1,086,101
1,419,260
100,219
2,543,825
3,428,790
8,578,195
1,297,533
192,284
92,408
22,803
85,754
41,285
434,534
(176,225)
1,278,385
1,511,668
123,022
2,629,579
3,470,075
9,012,729
1,121,308
28,100
452,291
(2,193,698)
(1,713,307)
10,430
(193,132)
(182,702)
38,530
452,291
(2,386,830)
(1,896,009)
(415,774)
(358,927)
(774,701)
Capital contributions
Operating transfers in
Operating transfers out
Total contributions and transfers
1,047,903
(300,000)
747,903
202,000
202,000
1,047,903
202,000
(300,000)
949,903
Change in net assets
332,129
(156,927)
175,202
53,149,036
$53,481,165
(2,540,966)
$ (2,697,893)
Nonoperating revenues (expenses):
Interest revenue
Impact fees
Interest expense and fiscal charges
Gain on sale of assets
Total nonoperating revenues (expenses)
Net income (loss) before contributions
and transfers
Total net assets - beginning
Total net assets - ending
$
50,608,070
50,783,272
See accompanying notes to the financial statements.
28
AMERICAN FORK CITY
Government-Wide Financial Statements
AMERICAN FORK CITY
Proprietary Funds
Statement of Cash Flows
For the Year Ended June 30, 2010
Business-Type Activities - Enterprise Funds
Water and Sewer
Broadband
Total BTAs
Cash Flows From Operating Activities
Receipts from customers
Payments to suppliers
Payments to employees
Interfund services
Net cash provided (used) by
operating activities
$
224,200
(151,807)
(195,344)
$ 10,048,317
(5,116,089)
(1,280,980)
14,620
3,788,819
(122,951)
3,665,868
(300,000)
-
(54,545)
202,000
(354,545)
202,000
(300,000)
147,455
(152,545)
452,291
807,111
(662,815)
(564,000)
(2,196,649)
550,000
(385,000)
(199,907)
452,291
807,111
(662,815)
550,000
(949,000)
(2,396,556)
(2,164,062)
(34,907)
(2,198,969)
28,100
10,403
38,503
28,100
10,403
38,503
Net increase (decrease) in cash and
cash equivalents
1,352,857
-
1,352,857
Cash and cash equivalents - beginning
8,197,057
-
8,197,057
-
$ 9,549,914
Cash Flows From Noncapital
Financing Activities
Change in outstanding checks in excess of deposits
Cash paid to other funds
Cash received from other funds
Net cash provided (used) by noncapital
financing activities
Cash Flows From Capital and Related
Financing Activities
Cash received for impact fees
Cash contribution from Redevelopment Agency
Acquisition of capital assets
Cash payments from assets sold in prior year
Principal paid on capital debt
Interest paid on capital debt
Net cash provided (used) by capital
and related financing activities
Cash Flows From Investing Activities
Interest and dividends received
Net cash provided (used) by investing
activities
Cash and cash equivalents - ending
$
9,824,117
(4,964,282)
(1,085,636)
14,620
9,549,914
$
$
See accompanying notes to the financial statements.
29
AMERICAN FORK CITY
Government-Wide Financial Statements
AMERICAN FORK CITY
Proprietary Funds
Statement of Cash Flows (Continued)
For the Year Ended June 30, 2010
(Continued)
Reconciliation of operating income to
net cash provided (used) by operating
activities:
Operating income (loss)
Adjustments to reconcile operating
income to net cash provided (used) by
operating activities:
Depreciation expense
(Increase) decrease in accounts receivable
(Increase) decrease in due from other funds
Increase (decrease) in accounts payable
Increase (decrease) in accrued salaries and benefits
Increase (decrease) in due to other funds
Increase (decrease) in due to other entities
Increase (decrease) in compensated absences
Increase (decrease) in deposits
Total adjustments
Net cash provided (used) by
operating activities
Business-Type Activities - Enterprise Funds
Water and Sewer
Broadband
Total BTAs
$
1,297,533
$
(176,225)
$ 1,121,308
85,754
(34,109)
4,689
329
(3,389)
53,274
2,629,579
(85,720)
(12,148)
1,700
14,620
(4,295)
824
2,544,560
$
(122,951)
$ 3,665,868
$
-
$ 8,861,505
688,409
$ 9,549,914
2,543,825
(51,611)
(16,837)
1,371
14,620
(906)
824
2,491,286
$
3,788,819
$
$
119,080
121,712
$
8,861,505
688,409
9,549,914
Noncash investing, capital, and financing activities
Contributions from contractors for:
Water rights
Water and sewer improvements
Reconciliation of total cash and cash investments
Cash and cash equivalents
Restricted cash and cash equivalents
Total cash and cash investments
$
$
-
See accompanying notes to the financial statements.
30
Notes to the Financial Statements
The notes to the financial statements are included to provide information that is essential to the user’s
understanding of the basic financial statements.
31
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
American Fork City, Utah (City) was incorporated under the laws of the Territory of Utah in 1853. The
City operates under a council-mayor form of government and provides the following broad range of
services to its citizens: general administrative services, public safety (police and fire), highways and
streets, sanitation, recreation and parks, public improvements, planning and zoning. It also operates the
water and sewer utilities and provides a digital service network.
A.
Accounting and Reporting Policies
The accounting and reporting policies of the City relating to the funds included in the accompanying basic
financial statements conform to accounting principles generally accepted in the United States of America
applicable to state and local governments. Generally accepted accounting principles for local
governments include those principles prescribed by the Governmental Accounting Standards Board
(GASB). Proprietary funds apply Financial Accounting Standards Board (FASB) pronouncements and
Accounting Principles Board (APB) opinions issued on or before November 30, 1989, unless those
pronouncements conflict with or contradict GASB pronouncements, in which case, GASB prevails.
B.
Component Units
The City, for financial purposes, includes all of the funds and account groups relevant to the operations of
American Fork City. The financial statements of the City include those of separately administered
organizations that are controlled by or dependent on the City. Control or dependence is determined on the
basis of budget adoption, taxing authority, funding and appointment of the respective governing board.
Based on the foregoing criteria, the financial statements of the American Fork Arts Council and the
Redevelopment Agency and the Municipal Building Authority are included in the accompanying financial
statements and reported in the American Fork Arts Council and Redevelopment Agency special revenue
funds. These funds are considered to be blended component units.
Complete financial statements for each of the individual blended component units may be obtained at the
American Fork City offices.
The accounts of Fox Hollow Golf Course and Timpanogos Special Service District are excluded from the
accompanying financial statements because the entities are autonomous and have a self-elected board of
directors responsible for their operations and the hiring of their management personnel. The City pays
Timpanogos Special Service District for its share of services received. Timpanogos Special Service
District receives payments from other nearby cities receiving these same services. Fox Hollow Golf
Course was established in 1973 by American Fork City, Pleasant Grove City, and Lehi City. The Golf
Course has its own board, with one member of the city council serving on that board.
32
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
C.
Basis of Presentation
The government-wide financial statements (the Statement of Net Assets and the Statement of Activities)
report information on all of the activities of the City. The effect of interfund activity, within the
governmental and business-type activities columns, has been removed from those statements.
Governmental activities, which normally are supported by taxes and intergovernmental revenues, are
reported separately from business-type activities, which rely to a significant extent on fees and charges for
support. The Statement of Activities demonstrates the degree to which the direct expenses of the given
program are offset by program revenues. Direct expenses are those that are clearly identifiable with a
specific program. Program revenues include 1) charges to customers or applicants who purchase, use, or
directly benefit from goods, services, or privileges provided by a given program and 2) operating or
capital grants and contributions that are restricted to meeting the operational or capital requirements of a
particular program. Taxes and other items not properly included among program revenues are reported
instead as general revenues.
The City segregates transactions related to certain functions or activities in separate funds in order to aid
financial management and to demonstrate legal compliance. Separate statements are presented for
governmental and proprietary activities. These statements present each major fund as a separate column
on the fund financial statements; all non-major funds are aggregated and presented in a single column.
Governmental funds are those funds through which most of the governmental functions typically are
financed. The measurement focus of governmental funds is on the sources, uses and balance of current
financial resources. The City has presented the following major governmental funds:
General Fund
The general fund is the main operating fund of the City. This fund is used to account for all
financial resources not accounted for in other funds. All general tax revenues and other receipts that
are not restricted by law or contractual agreement to some other fund are accounted for in this fund.
General operating expenditures, fixed charges and capital improvement costs that are not paid
through other funds are paid from the general fund.
Debt Service Fund
The debt service fund is used to account for the accumulation of financial resources for the payment
of principal, interest and related costs on general long-term debt.
Capital Projects Fund
The capital projects fund is used to account for funds received and expended for the acquisition or
construction of capital facilities, improvements, and equipment (other than those financed by
proprietary funds.)
33
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Redevelopment Agency Fund
This fund is used to account for the funds received from the tax increment and amounts expended
for public improvements within the designated area.
Fitness Center Fund
This fund accounts for the amounts received and expended for the operation of the fitness center.
Proprietary funds are accounted for using the economic resources measurement focus and the accrual
basis of accounting. The accounting objectives are determinations of net income, financial position and
cash flow. All assets and liabilities are included on the Statement of Net Assets. The City has presented
the following major proprietary funds:
Sewer and Water Fund
The sewer and water fund is used to account for the provision of sewer and water services to the
residents of the City. Activities of the fund include administration, operations and maintenance of
the sewer and water system, and billing and collection activities. The fund also accounts for the
accumulation of resources for, and the payment of, long-term debt and capital improvements. All
costs are financed through charges to utility customers.
Broadband Fund
The broadband fund is used to account for the provision of digital services to businesses and internet
service providers within the network. Activities of the fund include administration, operations, and
maintenance of the network system, and billing and collection activities. The fund also accounts for
the accumulation of resources for, and the payment of long-term debt, and capital improvements.
All costs will be financed through charges to internet service providers, business connections, and
general fund transfers. A significant portion of the broadband system was sold in June 2008 to
UTOPIA and a private company. See Note 19.
Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating
revenues and expenses generally result from providing services and producing and delivering goods or
services in connection with a proprietary fund’s principal ongoing operations. Operating expenses for the
proprietary funds include the cost of personal and contractual services, materials and supplies, and
depreciation of capital assets. All revenue and expenses not meeting the definition are reported as nonoperating revenues and expenses.
D. Measurement Focus/Basis of Accounting
Measurement focus refers to what is being measured; basis of accounting refers to when revenues and
expenditures are recognized in the accounts and reported in the financial statements. Basis of accounting
relates to the timing of the measurement made, regardless of the measurement focus applied.
34
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The government-wide statements and fund financial statements for proprietary funds are reported using
the economic resources measurement focus and the accrual basis of accounting. The economic resources
measurement focus means all assets and liabilities (whether current or non-current) are included on the
statement of net assets; and the operating statements present increases (revenues) and decreases
(expenses) in net total assets. Under the accrual basis of accounting revenues are recognized when
earned. Expenses are recognized at the time the liability is incurred.
Governmental fund financial statements are reported using the current financial resources measurement
focus and are accounted for using the modified accrual basis of accounting. Under the modified accrual
basis of accounting revenues are recognized when susceptible to accrual; i.e., when they become both
measurable and available. “Measurable” means the amount of the transaction can be determined and
“available” means collectible within the current period or soon enough thereafter to be used to pay
liabilities of the current period. The City considers amounts collected within 60 days after year-end to be
available. Expenditures are recorded when the related fund liability is incurred. However, debt service
expenditures are recorded only when payment is due.
E. Assets, Liabilities, and Net Assets or Equity
1. Deposits and investments
The City considers all highly liquid investments with an original maturity of three months or less
when purchased to be cash equivalents for reporting purposes in the Statement of Cash Flows for the
Proprietary Funds.
2. Receivables and payables and transfers
Activity between funds that are representative of lending/borrowing arrangements outstanding at the
end of the fiscal year are referred to as either “due to/due from other funds.”
Legally authorized transfers are treated as interfund transfers and are included in the results of
operations in both governmental and proprietary funds.
3.
Inventory
All inventories are valued at cost using the first-in/first-out (FIFO) method. Inventories of
governmental funds are recorded as expenditures when consumed rather than when purchased.
4.
Restricted Assets
Restricted assets are comprised of cash restricted for future payments of principal and interest on
debt services. It is the policy of the City to use restricted assets and then unrestricted assets.
35
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
5.
Capital Assets
Capital assets, which include property, plant, equipment, and infrastructure assets, are reported in the
applicable governmental or business-type activities columns in the government-wide financial
statements and in the fund financial statements for the proprietary funds. All capital assets are valued
at historical cost or estimated historical cost if actual historical cost is not available. Donated assets
are valued at their fair market value on the date donated. Repairs and
maintenance are recorded as expenses. Renewals and betterments are capitalized. Interest of
$2,655,909 has been capitalized during the construction period on property, plant and equipment in
the governmental funds.
Assets having an original cost of $5,000 or more are capitalized. Depreciation has been calculated on
each class of depreciable property using the straight-line method. Estimated useful lives are as
follows:
Buildings and improvements
Improvements other than buildings
Machinery and equipment
Infrastructure
10-50 years
20-50 years
5-20 years
40-60 years
The City has adopted an allowable alternative to reporting depreciation for its road and bridge
networks. Under this alternative method, referred to as the “modified approach,” the City must
maintain an asset management system and demonstrate that its roads and bridges are being preserved
at or above condition levels established by City policy. Infrastructure assets accounted for under the
modified approach are not depreciated, and maintenance and preservation costs are expensed.
6. Compensated Absences
Compensated absences consist of vacation pay. The City accrues vacation pay when earned. Sick
leave does not vest to City employees upon their termination and is therefore not accrued. However,
the City does have a policy which allows employees to buy back sick leave in excess of the
maximum accumulation limit.
7.
Taxes
Property taxes attach an enforceable lien on property as of January 1. Taxes are levied and tax
notices are sent on November 1. All unpaid taxes are due and become delinquent on November 30.
Property tax revenues are recognized by the City when they are collected. Property taxes and fees on
licensed motor vehicles are collected on a monthly basis in the month in which the individual motor
vehicle license is renewed. Property taxes are billed and collected by Utah
36
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
County on behalf of the City and remitted to the City monthly. At June 30, 2011, only delinquent
taxes are uncollected.
In accordance with government accounting standards, a receivable and deferred revenue has been
recorded for property taxes assessed at January 1, 2010 that will not be collected in the current fiscal
year. These amounts are considered to be unavailable to pay for current resources.
8.
Net Assets
Beginning with fiscal year 2011, the City implemented GASB Statement 54, Fund Balance Reporting in
Governmental Fund Types Definitions. The governmental fund financial statements present fund
balances based on a hierarchy that shows, from highest to lowest, the level or form of constraints on
fund balance resources and the extent to which the City is bound to honor them. The City first
determines and reports non-spendable balances, then restricted, then committed, and so forth. The
City’s governmental funds beginning balances have been restated to reflect the below classifications.
Fund balance classifications are summarized as follows:
• Non-spendable. This category includes fund balance amounts that cannot be spent because
they are either a) not in spendable form or b) legally or contractually required to be maintained
intact. Fund balance amounts related to inventories, prepaid expenditures, and endowments are
classified as non-spendable.
Restricted. This category includes net fund resources that are subject to external constraints
that have been placed on the use of the resources either a) imposed by creditors (such as
through a debt covenant), grantors, contributors, or laws or regulations of other governments or
b) imposed by law through constitutional provisions or enabling legislation. Restricted fund
balance amounts include the following:
a)
Debt service
b)
Perpetual care
c)
Redevelopment
d)
Impact fees.
•
Committed. This category includes amounts that can only be used for specific purposes
established by formal action of the City Council. Fund balance commitments
can only be removed or changed by the same type of action (for example, resolution) of the
City Council. This classification also includes contractual obligations to the extent that existing
resources have been specifically committed for use in satisfying those contractual requirements.
The City Council has not committed any fund balance amounts.
• Assigned. This category includes General Fund balance amounts that the City intends to be used for a
specific purpose but are neither restricted nor committed. This intent is expressed by written approval of the
City’s administration comprised of the City
37
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
administrative council. This category also includes the remaining positive fund balance for
other governmental funds. The City has assigned debt service requirement, Municipal building,
special revenues, and capital projects.
•
Unassigned. Residual balances in the General Fund are classified as unassigned.
9. Estimates
The preparation of financial statements in conformity with generally accepted accounting principles
requires management to make estimates and assumptions that affect certain reported amounts of
assets and liabilities at June 30, 2011 and revenues and expenses during the year then ended. The
actual results could differ from those estimates.
NOTE 2 – BUDGET AND BUDGETARY ACCOUNTING
Budgets are prepared for City funds on the cash basis, while the modified accrual or actual basis is used to
account and prepare fund financial reports.
The City Council approves by resolution the total budget appropriation by fund. The City Budget Officer
is authorized to transfer budget amounts within departments of a fund. Any revisions that alter the total
appropriations of any fund must be approved by the City Council. A public hearing is held anytime an
increase in total appropriations is made. The budget was amended in fiscal year 2011. Unused
appropriations for all of the annually budgeted funds lapse at the end of the year.
NOTE 3 – DEPOSITS AND INVESTMENTS
The City follows the requirements of the Utah Money Management Act (Utah Code Annotated 1953,
Section 51, Chapter 7) and the rules of the Utah Money Management Council (the Council). Following
are discussions of the City’s exposure to various risks related to its cash management activities.
While the City’s carrying amount of deposits was $20,469,317 the balance in the City’s bank accounts
and cash on hand was $20,507,600 with the difference being due to outstanding checks and deposits in
transit.
Custodial Credit risk
Deposits. Custodial credit risk for deposits is the risk that in the event of a bank failure the City’s
deposits may not be recovered. The City’s policy for managing custodial credit risk is to adhere to the
Money Management Act. The Act requires all deposits of the City to be in a qualified depositary, defined
as any financial institution whose deposits are insured up to a mandatory limit by an agency of the federal
government and which has been certified by the Commissioner of Financial
38
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 3 – DEPOSITS AND INVESTMENTS (Continued)
Institutions as meeting the requirements of the Act and adhering to the rules of the Utah Money
Management Council. As of June 30, 2011 the deposits were as follows:
Depository Account
Checking Accounts
Savings Accounts
Checking Accounts
Total deposits
Custodial Credit
Risk
Insured
Insured
Uninsured
Balance
June 30, 2010
$
368,839
80,816
252,501
$
702,156
Investments. Custodial credit risk for investments is the risk that in the event of failure of the
counterparty, the City will not be able to recover the value of its investments that are in the possession of
an outside party. As with Deposits, the City’s policy for managing custodial credit risk of investments is
to adhere to the Money Management Act.
Credit Risk
Credit risk is the risk that the counterparty to an investment will not fulfill its obligations. The City’s
policy for limiting the credit risk of investments is to comply with the Money Management Act. The Act
requires investment transactions to be conducted only through qualified depositories, certified dealers, or
directly with issuers of the investments securities. Permitted investments include deposits of qualified
depositories; repurchase agreements; commercial paper that is classified as “first-tier” by two nationally
recognized statistical rating organizations, one of which must be Moody’s Investor Services or Standard
& Poors; bankers’ acceptances; obligations of the U.S. treasury and U.S government-sponsored
enterprises; bonds and notes of political subdivisions of the State of Utah; fixed rate corporate obligations
and variable rate securities rated “A” or higher by two nationally recognized statistical rating
organizations defined in the Act.
The City is authorized to invest in the Utah Public Treasurer’s Investment Fund (PTIF), an external
pooled investment fund managed by the Utah State Treasurer and subject to the Act and Council
requirements. The PTIF is not registered with the SEC as an investment company, and deposits in the
PTIF are not insured or otherwise guaranteed by the State of Utah. The PTIF operates and reports to
participants on an amortized cost basis. The income, gains, and losses, net of administration fees, of the
PTIF are allocated based upon the participants’ average daily balances.
39
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 3 – DEPOSITS AND INVESTMENTS (Continued)
The following are the City’s investments as of June 30, 2011:
Fair
Value
Investments
Quality Ratings
More than
AA
A
AAA
Utah Public Treasurer's
Investment Fund
$ 19,783,865
$
First American Treasury
Obligations
21,151
Total investments
$ 19,805,016
-
$
-
$
-
Unrated
$ 19,783,865
21,151
$
-
21,151
$
-
$
-
$ 19,783,865
Interest Rate Risk
Interest rate risk is the risk that changes in interest rates of debt investments will adversely affect the fair
value of an investment. The City manages its exposure to declines in fair value by investing mainly in the
PTIF and by adhering to the Money Management Act. The Act requires that the remaining term to
maturity of investments may not exceed the period of availability of the funds to be invested. The Act
further limits the remaining term to maturity of commercial paper to 270 days or less and fixed-rate
negotiable deposits and corporate obligations to 365 days or less. Maturities of the City’s investments are
noted above. The City’s cash and cash equivalents include $2,046,121 of restricted cash for debt services,
capital projects, and cemetery care.
NOTE 4 –RECEIVABLES
Receivables as of year-end for the government’s individual funds, including the applicable allowances for
uncollectible accounts, are as follows:
Capital
General
Downtown
Projects
RDA
Sewer and
RDA
Cemetary
Water
Broadband
Receivables:
Accounts
$
Taxes
Intergovernmental
Other
606,107
$
-
$
-
$
-
$
-
$ 1,029,847
$
58,172
4,547,512
-
1,313,917
-
-
-
-
522,923
-
-
-
-
-
-
-
58,000
-
43,739
20,390
472,502
500,000
-
-
-
-
-
Less allowance
for uncollectible
accounts
$
5,676,542
$
58,000
$
1,313,917
$
43,739
$
20,390
(10,109)
$ 1,492,240
(5,817)
$
552,355
40
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 4 –RECEIVABLES (Continued)
The other receivable in the sewer and water fund consists of a $472,502 note receivable from Heritage
Care Center (See Note 17). The other receivable in the broadband fund consists of a $500,000 note
receivable from American Fiber for the sale of the broadband system (See Note 18).
During the year, accounts determined to be worthless and uncollectible are charged against the allowance.
NOTE 5 – INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS
The interfund balances at June 30, 2011 consisted of the following:
General fund
Capital projects fund
Debt service fund
RDA
Perpetual care fund
Sewer and water fund
Total
$
Due to
23,884
190,333
Due from
$
16,172
3,333
14,620
25,349
187,000
$
246,474
17,637
14,620
$
246,474
The balance due to the sewer and water fund is for loans for capital projects that will be repaid from debt
proceeds. The balance due from the sewer and water is for a project in the RDA area that was contributed
from the RDA. The balance due to the other government funds is because of the timing of the interest
income transferred from the general fund and other miscellaneous transactions that will be paid during the
next fiscal year.
Remainder of page intentionally left blank
41
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 5 – INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS (Continued)
Interfund
transfers
for
the
year
ended
June
30,
2011
Transfer Out
Nonmajor
General
Transfer In:
General
Capital projects
Debt service
RDA
Fitness Center
Nonmajor Govtl.
Sewer and Water
Broadband
Total Transfer Out
$
2,715,007
1,255,600
290,000
121,200
202,000
$4,583,807
Capital Projects
$
-
RDA
$
947,400
$
947,400
67,637
$
2,673
670,137
$
of
the
following:
Sewer and
Govrnmtl.
Water
$
Broadband
-
-
300,000
2,673
$ 300,000
602,500
$
consisted
$
-
$
-
Total
$ 70,310
2,715,007
3,105,500
290,000
121,200
202,000
$6,504,017
Transfers are used to 1) move revenues from the fund that statute or budget requires to collect them to the
fund that statute or budget requires to expend them, 2) move receipts restricted to debt service from the
funds collecting the receipts to the debt service fund or the fund remitting the debt service payments as
they become due, and 3) use unrestricted revenues collected in the general fund to finance various
programs accounted for in other funds in accordance with budgetary authorizations.
Governmental funds report deferred revenue in connection with receivables for revenues that are not
considered to be available to liquidate liabilities of the current period. Governmental funds also defer
revenue recognition in connection with resources that have been received, but not yet earned. At the end
of the current fiscal year, the various components of deferred revenue and unearned revenue reported in
the governmental funds were as follows:
Property taxes receivable (general fund)
Delinquent Property Taxes (general fund)
Property taxes receivable (redevelopment agency)
Total deferred/unearned revenue for governmental funds
Unavailable
$
187,410
$ 187,410
Unearned
$3,207,390
1,313,917
$4,521,307
42
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 6 – CAPITAL ASSETS
Capital asset activity for the year ended June 30, 2010 was as follows:
Primary Government
Governmental activities:
Capital assets not being depreciated:
Land
Road network
Bridge network
Construction in progress
Total capital assets not being depreciated
Beginning
Balance
$ 22,708,460
15,066,312
1,353,714
530,247
39,658,733
Capital assets being depreciated:
Buildings and improvements
Equipment
Curb and gutter
Total capital assets being depreciated
Less accumulated depreciation for:
Building and improvements
Equipment
Curb and gutter
Total accumulated depreciation
Total capital assets, being depreciated, net
Governmental activities capital assets, net
Business-type activities:
Capital assets not being depreciated:
Land and improvements
Construction in progress
Water Stock
Total capital assets not being depreciated
Capital assets being depreciated:
Buildings and improvements
Equipment
Total capital assets being depreciated
Less accumulated depreciation for:
Buildings and improvements
Machinery and equipment
Total accumulated depreciation
Total capital assets, being depreciated, net
Business-type activities capital assets, net
Increases
Decreases
$
0
36,017,807
7,512,017
9,852,112
53,381,936
201,000
518,646
21,846
741,492
7,594,256
5,312,697
3,524,106
16,431,059
36,950,877
$ 76,609,610
832,788
380,485
257,853
1,471,126
(729,634)
$ (729,634)
Beginning
Balance
Increases
$
564,678
16,941,336
17,506,014
93,530,312
1,883,747
95,414,059
19,249,714
1,132,591
20,382,305
75,031,754
$ 92,537,768
$
Ending
Balance
119,080
119,080
$ 22,708,460
15,066,312
1,353,714
530,247
39,658,733
36,218,807
7,626,425
9,873,958
53,719,190
404,238
404,238
368,366
$
368,366
35,872
35,872
8,427,044
5,324,816
3,781,959
17,533,819
36,185,371
$ 75,844,104
Ending
Balance
Decreases
$
784,527
784,527
2,500,363
127,427
2,627,790
(1,843,263)
$ (1,724,183)
-
$
-
$
564,678
17,060,416
17,625,094
13,550
13,550
94,301,289
1,883,747
96,185,036
13,550
21,736,527
1,260,018
22,996,545
73,188,491
$ 90,813,585
13,550
-
43
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 6 – CAPITAL ASSETS (Continued)
In the business-type activities, sewer and water fund assets from the buildings and improvements
were transferred to construction in progress as the projects were not yet completed.
Depreciation expense was charged to functions/programs of the primary government as follows:
Governmental activities:
General government
$
15,186
Public safety
251,229
Public Improvements
665,290
Parks and rereation
413,110
Other
126,311
Total depreciation expense - Governmental Activities
$ 1,471,126
Business-type activities:
Sewer and water
Broadband
Total depreciation expense - Business-Type Activities
$ 2,542,036
85,754
$ 2,627,790
Total depreciation expense
$ 4,098,916
NOTE 7 – LEASE COMMITMENTS
The City entered into a capital lease agreement with Smeal Apparatus Co. in November 2005 to purchase
an aerial fire truck. The City financed the purchase over sixty months at a stated rate of 3.82%. Semiannual payments of $75,631 are required through December 2010. The lease is secured by the aerial.
The aerial is recorded at $700,301 with accumulated amortization of $217,701.
The City entered into a capital lease agreement with Xerox in June 2006 to purchase a color copier for the
planning department. The City financed the purchase over sixty months at a stated rate of 7.55%. Annual
payments of $3,464 are required through June 2011. The lease is secured by the copier. The copier is
recorded at $14,385 with accumulated amortization of $14,385.
The City entered into a capital lease agreement with GE Capital in August 2006 to purchase a Toro
mower for local parks. The City financed the purchase over sixty months at a stated rate of 6.80%.
Monthly payments of $1,127 are required through June 2011. The lease is secured by the mower. The
maintenance equipment is recorded at $58,105 with accumulated amortization of $27,588.
The City entered into a capital lease agreement with SunTrust in June 2011 to purchase two Ambulances
for the public safety department. The City financed the purchase over forty eight months at a stated rate
of 2.92% Annual payments of $116,376 are required through July 15, 2014. The lease is secured by the
ambulances. The vehicles are recorded at $433,460 with no accumulated amortization.
Amortization of capital assets purchased under capital leases is included in depreciation.
44
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 7 – LEASE COMMITMENTS (Continued)
Capital leases future debt service requirements:
Capital Lease future debt
Lease arrangements
Year
2012
2013
2014
2015
Total minimum lease payments
Amount representing interest
Present value of minimum lease payments
Amount due within one year
Governmental
$
116,375
116,375
116,375
349,125
(19,405)
329,720
-
Business
$
-
The lease payment was due in July 2011 but was paid by the balance sheet date; therefore there is no
requirement for 2012.
NOTE 8 – LONG TERM DEBT
Bonds and notes payable at June 30, 2011 are comprised of the following:
Governmental
General Obligation Bonds
$850,000 General Obligation Water System Bond,
due in annual installments on January 1 of $44,000
to $45,000 from 1993 to 2011, bearing no interest.
$
The bond was retired in 2011.
$29,000 General Obligation Water System Bond, Series
1991 C, due in full on January 1, 2011, bearing no interest.
-
$3,200,000 General Obligation Bond, due in annual
installments on September 1 of $170,000 to $275,000
from 2004 to 2019. Interest at 2.25% to 4.25% due in
semi-annual payments on September 1 and March 1.
1,910,000
$2,500,000 General Obligation Bond, due in annual
installments on June 1 of $40,000 to $190,000 from
2003 to 2021. Interest at 3% to 4.8% due in semi-annual
payments on December 1 and June 1.
1,580,000
Business-type
-
-
45
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 8 – LONG TERM DEBT (Continued)
$5,415,000 General Obligation Bond, due in annual
installments on June 1 of $25,000 to $610,000 from
2004 to 2020. Interest at 3% to 4.1% due in
semi-annual payments on December 1 and June 1.
4,710,000
$5,545,000 General Obligation Bond, due in annual
installments on June 1 of $445,000 to $690,000 from
2005 to 2017. Interest at 4.0% to 5% due in
semi-annual payments on December 1 and June .1
4,155,000
$8,250,000 General Obligation Bond, due in annual
installments on May 1 of $290,000 to $545,000 from
2011 to 2035. Interest at 4% to 4.75% due in
semi-annual payments on November 1 and May 1.
$38,700,000 General Obligation Bond, due in annual
installments on May 1 of $300,000 to $2,605,000
from 2011 to 2035. Interest at 3.5% to 5% due in
semi-annual payments on November 1 and May 1.
Total General Obligation Bonds
8,060,000
__________
38,400,000
$ 12,355,000
$ 46,460,000
General Obligation Bonds future debt service requirements:
Year Ending
June 30,
2012
2013
2014
2015
2016
2017-2021
2022-2026
2027-2031
2032-2036
Total
$
$
Governmental Activities
Principal
Interest
1,300,000
$
522,606
1,345,000
468,201
1,405,000
408,239
1,465,000
345,145
1,535,000
280,584
5,305,000
483,837
12,355,000
$
2,508,612
Business-Type
Principal
Interest
$
1,125,000
$
2,176,853
1,150,000
2,136,478
1,215,000
2,095,226
1,250,000
2,051,628
1,280,000
2,005,472
7,390,000
9,064,590
9,350,000
7,107,352
11,915,000
779,234
11,785,000
246,288
$ 46,460,000
$ 27,663,121
46
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 8 – LONG TERM DEBT (Continued)
The general obligation bonds are direct obligations issued on a pledge of the general taxing power for the
payment of the debt obligations of the City. The general revenues of the City are contingently liable for
the general obligation bonds that are currently outstanding and recorded as obligations of the businesstype activities. The full faith and credit of the City is pledged to redeem these bonds if revenues from the
proprietary funds are insufficient to meet the obligations. There are a number of covenants and
restrictions contained in the revenue bonds. The City was in compliance with all significant covenants
and restrictions related to the bonds at June 30, 2011.
Governmental
Revenue Bonds
$6,000,000, 2003 Sales Tax Revenue Bonds, due in annual
installments on March 1 of $310,000 to $550,000 from
2004 to 2018. Interest at 1.75% to 5.6% due in semiannual payments on March 1 and September 1.
$
$5,810,000, 2005 Sales Tax Revenue Bonds, due in
annual installments on March 1 of $300,000 to $465,000
from 2005 to 2019. Interest at 3.5% to 5% due in
semi-annual payments on March 1 and September .1
Total Revenue Bonds
$
Business-type
$ 3,285,000
3,420,000
________
3,420,000
$ 3,285,000
Revenue bonds future debt service requirements:
Year Ending
June 30,
2012
2013
2014
2015
2016
2017-2021
Total
$
$
Governmental Activities
Principal
Interest
440,000
$
146,513
460,000
127,263
465,000
110,012
420,000
91,412
430,000
70,412
1,205,000
106,390
3,420,000
$
652,002
Business-Type
Principal
Interest
$
400,000
$
178,894
420,000
159,334
440,000
138,040
465,000
113,400
490,000
87,360
1,070,000
90,760
$
3,285,000
$
767,788
Governmental
Special Assessment Bonds
$1,625,000, 2004 Special Assessment Bond, due in
annual principal payments on November 30 of $162,000
to $163,000 from 2005 to 2014. Interest at 4.1% due in
annual payments on November 1
$
648,000
Business-type
$
-
47
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 8 – LONG TERM DEBT (Continued)
$3,853,000 2004 Special Assessment Bond, due in
annual principal payments on November 30 of $385,000
to $386,000 from 2005 to 2014. Interest at 4.1% is
due in annual payments on November 1.
1,540,000
Total Special Assessment
-
$ 2,188,000
$
-
Special Assessment Bonds future debt service requirements
Year Ending
Governmental Activities
June 30,
2012
2013
2014
2015
2016-2020
Principal
$
547,000
547,000
547,000
547,000
$
2,188,000
Interest
$
89,708
67,281
45,128
22,564
$
224,681
Notes Payable
$375,000 note payable for purchase of land, payable in
annual installments of $53,572 on December 15 at 0%
interest.
Business-Type
Principal
$
-
$
Interest
$
-
-
$
Governmental
Business-type
$
$
103,740
-
Note payable future debt service requirements:
Year Ending
June 30,
2012
2013
Governmental Activities
Principal
Interest
$
53,572
$
53,568
$
107,140
$
-
Business-Type
Principal
Interest
$
$
$
$
-
48
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 8 – LONG TERM DEBT (Continued)
The future debt service requirements for all outstanding bond and note obligations as of June 30, 2011 are
as follows:
Year Ending
June 30,
2012
2013
2014
2015
2016
2017-2021
2022-2026
2027-2031
2032-2036
Total
Governmental Activities
Principal
Interest
$
2,340,572
$
763,374
2,405,568
663,157
2,417,000
563,379
2,432,000
459,121
1,965,000
350,996
6,510,000
590,227
$
18,070,140
$
3,390,254
Business-Type
Principal
Interest
$
1,525,000
$
2,355,748
1,570,000
2,277,812
1,655,000
2,233,268
1,715,000
2,165,028
1,770,000
2,092,832
8,460,000
9,155,350
9,350,000
7,107,352
11,915,000
779,234
11,785,000
246,288
$ 49,745,000
$ 28,412,912
Changes in long-term debt are as follows:
Governmental Activities:
General obligation bonds
Revenue bonds
Special assessment bonds
Note payable
Capital leases
Compensated absences
Gov't Activities long-term Debt
July 1,
2010
$ 13,595,000
3,855,000
2,735,000
160,712
90,697
765,906
$ 21,202,315
Business-Type Activities:
General obligation bonds
Revenue Bonds
Compensated absences
Business Type long-term Debt
$ 47,024,000
3,670,000
89,465
$ 50,783,465
Additions
$
433,460
1,529
$ 434,989
Reductions
$ 1,240,000
435,000
547,000
53,572
194,437
$ 2,470,009
June 30,
2011
$ 12,355,000
3,420,000
2,188,000
107,140
329,720
767,435
$ 19,167,295
Due in
One Year
$ 1,300,000
440,000
547,000
53,572
767,435
$ 3,108,007
$
$ 564,000
385,000
4,295
$ 953,295
$ 46,460,000
3,285,000
85,170
$ 49,830,170
$ 1,125,000
400,000
85,170
$ 1,610,170
$
-
NOTE 9 - RETIREMENT PLANS
State Retirement
American Fork City contributes to the Local Governmental Noncontributory Retirement System and the
Public Safety Retirement System for employers with social security coverage. These retirement systems
are cost-sharing multiple-employer defined benefit pension plans administered by the Utah Retirement
Systems (Systems). The Systems provide retirement benefits, annual cost of living allowances, death
benefits, and refunds to plan members and beneficiaries in accordance with retirement statutes established
and amended by the State Legislature.
49
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 9 - RETIREMENT PLANS (Continued)
The Systems are established and governed by the respective sections of Chapter 49 of the Utah Code
Annotated 153 (Chapter 49) as amended, which also establishes the Utah State Retirement Office (Office)
for the administration of the Utah Retirement Systems and Plans. Chapter 49 places the Systems, the
Office and related plans and programs under the direction of the Utah State Retirement Board (Board)
whose members are appointed by the Governor. The Systems issue a publicly available financial report
that includes financial statements and required supplementary information for the Systems and Plans. A
copy of the report may be obtained by writing to the Utah Retirement Systems, 540 East 200 South, Salt
Lake City, Utah 84102, or by calling 1-800-365-8772.
American Fork City is required to contribute 11.66% of annual covered salary on behalf of participants in
the Local Governmental Noncontributory Retirement System. The City is required to contribute 23.34%
of annual covered salary on behalf of participants in the Public Safety Noncontributory Retirement
System. American Fork City is required to contribute 13.49% of annual covered salary on behalf of
participants in the firefighters Retirement System. The contribution rates are the actuarially determined
rates and are approved by the Board as authorized by Chapter 49.
American Fork City’s contributions have been as follows:
Fiscal Year Ending
Local Govermental - Noncontributory
Public Safety - Contributory
Public Safety- Noncontributory
Fire Fighters System
2011
$472,329
306,427
14,620
2010
$ 504,999
221
310,318
-
2009
$ 469,275
309,074
-
The contributions were equal to the required contributions for each year.
Cafeteria/Deferred Compensation Plans
The City offers a cafeteria plan to all full-time employees to fund a variety of employee benefit programs
including a 401K plan, life insurance, disability insurance, health insurance, and other benefits.
Also, the City has established a voluntary deferred compensation program pursuant to Section 457 of the
Internal Revenue Code. In accordance with Governmental Accounting Standards Board Statement 32
(GASB No. 32), the assets and income of the 457 Plan are held in trust for the exclusive benefit of the
participants or their beneficiaries.
50
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 10– DEFICIT NET ASSETS
For the year ended June 30, 2011, the City had negative net assets in the broadband fund. During fiscal
year 2003, an existing high-speed broadband system was purchased from a private company. The City
began providing wholesale services to internet providers during fiscal year 2003. A significant portion of
the broadband assets were sold to UTOPIA and a private company in June 2008. The City is currently
reviewing their options to address the negative net assets.
NOTE 11 – RISK MANAGEMENT
The City is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets;
errors and omissions; injuries to employees; and natural disasters. It is the policy of the City to purchase
commercial insurance for these risks. Various policies are purchased through an insurance agency to
cover liability, theft, damage, and other losses. A minimal deductible applies to these policies which the
City pays in the event of any loss. There have been no significant reductions in the coverage from the
prior year. Settled claims have not exceeded this commercial coverage in any of the three preceding
years. The City also has purchased a workers’ compensation policy.
NOTE 12 – REDEVELOPMENT AGENCY DISCLOSURES
In accordance with Section 17A-2-1217(3), the following information is provided for the Redevelopment
Agency Fund:
A) The tax increment collected by the Redevelopment Agency Fund was as follows:
West Side
East Side
Business Park
Egg Farm
$ 141,086
109,521
786,050
352,745
B) There were no tax increments paid to any taxing agency pursuant to section 17A-2-1258 during
the year ended June 30, 2011.
C) The outstanding principal amount of bonds issued or other loans incurred to finance the costs
associated with the project areas are as follows:
Sales Tax Revenue Bond
$3,420,000
51
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 12 – REDEVELOPMENT AGENCY DISCLOSURES (Continued)
D) The following amounts were expended during the year ended June 30, 2011:
Property acquisition
Site improvements
Public utilities and improvements
Administrative costs
$
228,726
867,811
-
NOTE 13 – LEASE ARRANGEMENTS
The City entered into an agreement with the State of Utah to lease office and court space to the Fourth
Judicial District and Juvenile Courts. The lease agreement is through September 30, 2022, with five year
renewal options. The annual lease payment is $349,300. The operating and maintenance portion is
currently being adjusted to reflect the City’s actual costs.
The future lease payments are as follows:
Year
2012
2013
2014
2015
2016
2017-2021
2022
Total
Amount
349,300
349,300
349,300
349,300
349,300
1,746,500
349,900
$ 3,842,900
$
Remainder of page intentionally left blank
52
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 14 – SALE OF HOSPITAL – NOTE RECEIVABLE
The City sold the old hospital building to the tenant Heritage Care Center for $2,686,964 in July 2003.
The City is financing $492,000 of the sales price. The City’s loan is secured by a second position interest
in the building. The City’s security is subordinate to the U.S. Department of Housing and Urban
Development (HUD), which holds the first position interest.
Repayment of the note is subject to Heritage Care Center being in a surplus cash position as defined by
their regulatory agreement with HUD. The City collected $3,615 toward the principal on the note as well
as interest in fiscal year 2011. The note receivable is recorded in the sewer and water fund.
Scheduled principal and interest payments are as follows:
Year Ending
June 30,
2012
2013
2014
2015
2016
2017-2021
2022-2026
2027-2031
2032-2036
2037-2041
$
$
Principal
3,918
4,614
4,997
5,411
5,861
37,459
55,808
83,145
123,874
147,415
472,502
$
$
Interest
34,521
37,320
36,937
36,522
36,073
172,210
153,861
126,524
85,796
26,239
746,003
$
$
Total
38,439
41,934
41,934
41,933
41,934
209,669
209,669
209,669
209,670
173,654
1,218,505
NOTE 15 – SALE OF BROADBAND ASSETS
On June 6, 2008, the City entered into an agreement with American Fiber, Inc. to sell the in-city fiber
network, equipment, and receivables for $500,000. The City financed the note with American Fiber, Inc.
The terms are monthly interest-only payments at 12% beginning July 1, 2008, with the principal due on
December 31, 2012. The note is secured by the system assets that were sold.
The City still owns the governmental portion of the network, which is approximately one-third of the
original system.
53
AMERICAN FORK CITY
Notes to the Financial Statements
June 30, 2011
NOTE 16 – SUBSEQUENT EVENTS
In preparing these financial statements, the City has evaluated events and transactions for potential
recognition or disclosure through December 8, 2011, the date the financial statements were available to be
issued.
54
Required Supplementary Information
Required supplementary information includes financial information and disclosures that are required by
GASB, but are not considered part of the basic financial statements. Such information includes:
Modified Approach
Asset Management System Reporting
Road Network
Bridge Network
Budgetary Comparison Schedules
General Fund
Redevelopment Agency
Fitness Center
55
AMERICAN FORK CITY
Required Supplementary Information
Modified Approach – Asset Management System
As allowed by GASB Statement No. 34, Basic Financial Statements – and Management’s Discussion and Analysis –
for State and Local Governments, the City has adopted an alternative method for reporting costs associated with
certain infrastructure assets. Under this alternative method, referred to as the “modified approach,” infrastructure
assets are not depreciated, and maintenance and preservation costs are expensed. The City capitalizes costs related to
new construction, major replacements, and improvements that increase the capacity and/or efficiency of infrastructure
assets reported under the modified approach.
In order to utilize the modified approach, the City is required to:
Maintain an asset management system that includes an up-to-date inventory of eligible infrastructure assets.
Perform and document replicable condition assessments of the eligible infrastructure assets and summarize the
results using a measurement scale.
Estimate each year the annual amount to maintain and preserve the eligible infrastructure assets at the condition
level established and disclosed by the City.
Document whether the infrastructure assets are being preserved approximately at or above the condition level
established by the City.
Road System
The condition of the City’s 105 miles of road pavement is measured using the Distress Identification Manual for LongTerm Pavement Performance Projects published by the Strategic Highway Research Program (SHRP), which is based
on a weighted average of seven distress factors found in pavement surfaces. The pavement management system uses a
measurement scale that is based on a condition index ranging from 0 to 20 years remaining service life for pavement.
The condition index is used to classify roads in the following remaining service life categories: 19 to 20 years, 13 to
18 years, 9 to 12 years, 7 to 8 years, and 0 to 6 years. It is the City’s policy to maintain the roads with an average
remaining service life of 8.5 years or greater. The initial condition assessment was performed in fiscal year 2001 and
yielded an average remaining service life (RSL) of 8.5 years. The 2004 assessment indicated an average RSL of 9.23
years. The 2007 assessment indicated an average RSL of 7.03 years. The 2010 assessment indicated an average RSL
of 7.0 years. Condition assessments are performed every three years.
Accounting principles generally accepted in the United States of America require reporting the last three complete
condition assessments and needed-to-actual information for five years. However, the City implemented these new
standards in fiscal year 2003, and did not collect the information for the prior years. The City will continue to collect
and retain this information to facilitate the reporting of the required information. The schedule below showing the
percentage of roads in each service life category only presents information as of the most recent condition assessment
period.
Bridge Network
The condition of the City’s bridges is determined using the Structures Inventory System to monitor the condition of the
nine City-owned bridges. A number ranging from 1 – 100 is calculated based on condition,
56
geometry, functional use, safety, and other factors. Three categories of condition are established, 80 to 100, 50 to 79,
and 1 to 49. It is City policy to maintain bridges with an average score of 70 or better. The City’s average score based
on the initial condition assessment was 89. A condition assessment performed in fiscal years 2008 yielded an average
score of 94. Condition assessments are performed every two years.
Accounting principles generally accepted in the United States of America require reporting the last three complete
condition assessments and needed-to-actual information for five years. The schedule below showing the percentage of
bridges in each condition assessment category only presents information as of the most recent condition assessment
period.
Subjective Condition Rating of Street Network
Percentage of Network
0 to 6
7 to 8
9 to 12
13 to 18
19 to 20
Total
Subjective Condition Rating of Bridge Network
Percentage of Network
45.15%
17.84%
21.13%
3.35%
12.53%
100.00%
80 to 100
50 to 79
0 to 49
Total
Average remaining service life is 7.03
92.92%
7.08%
0.00%
100.00%
Average score is 94
Comparison of Needed-to Actual Costs
Road and Bridge
Maintenance/Preservation
Needed
Actual
$
2006
433,772
417,567
$
2007
431,772
671,099
$
2008
431,772
279,524
$
2009
381,900
347,124
$
2010
541,400
591,941
$
2011
750,000
528,492
57
AMERICAN FORK CITY
Budgetary Comparison Schedules
AMERICAN FORK CITY
GENERAL FUND
Statement of Revenues, Expenditures and Changes in Fund Balance Budget to Actual
For Year Ended June 30, 2011
Budgeted Amounts
Variance with
Final Budget
Original
Final
Actual
Favorable (Unfavorable)
Revenues (inflows)
Taxes
$
10,164,700
$
10,576,000
$
11,073,218
$
497,218
License and permits
222,000
337,100
395,073
57,973
Intergovernmental
984,300
1,039,200
1,025,270
(13,930)
Charges for services
2,913,200
3,001,200
3,153,089
151,889
Other fees and services
1,489,400
1,092,100
933,524
(158,576)
Cemetery fees
100,200
81,400
92,029
10,629
Fines and forfeitures
435,200
944,200
940,839
(3,361)
Miscellaneous
140,400
273,300
334,121
60,821
58,000
61,400
70,310
8,910
Transfers in
Interest income
33,000
36,800
41,439
4,639
16,540,400
17,442,700
18,058,912
616,212
General government
1,285,600
3,073,900
2,783,295
290,605
Public safety
4,969,100
5,506,000
5,309,135
196,865
Public improvements
2,359,100
2,357,200
2,167,217
189,983
Parks and recreation
1,355,700
1,357,200
1,228,229
128,971
Other
2,649,800
2,803,700
2,733,750
69,950
Total revenues
Expenditures (outflows)
Transfers out
Total expenditures
3,951,600
4,687,306
4,583,807
103,499
16,570,900
19,785,306
18,805,433
979,873
(30,500)
(2,342,606)
(746,521)
3,887,377
3,887,377
3,887,377
Excess (deficiency) of revenues
over expenditures
Fund balance at beginning of year
Fund balance at end of year
$
3,856,877
$
1,544,771
$
$
1,596,085
3,140,856
58
AMERICAN FORK CITY
Budgetary Comparison Schedules
AMERICAN FORK CITY
Redevelopment Agency Fund
Statement of Revenues, Expenditures and Changes in Fund Balance Budget to Actual
For Year Ended June 30, 2011
Revenues
Property taxes
Interest income
Total revenues
Expenditures
Public improvements
Total expenditures
Excess (deficiciency) of revenues over (under)
expenditures
Other financing sources (uses)
Operating transfers out
Total other financing sources (uses)
Excess (deficiency) of revenues and
other financing sources over (under)
expenditures and other financing uses
Fund balances - beginning of year
Fund balances - ending of year
Variance
Favorable
(Unfavorable)
Budget
Actual
$ 1,396,200
17,100
1,413,300
$ 1,389,403
11,834
1,401,237
1,169,400
1,169,400
1,096,537
1,096,537
72,863
72,863
243,900
304,700
60,800
(617,500)
(617,500)
(670,137)
(670,137)
(52,637)
(52,637)
(373,600)
(365,437)
8,163
1,956,112
$ 1,582,512
1,956,112
$ 1,590,675
$
$
(6,797)
(5,266)
(12,063)
8,163
59
AMERICAN FORK CITY
Budgetary Comparison Schedules
AMERICAN FORK CITY
Fitness Center Fund
Statement of Revenues, Expenditures and Changes in Fund Balance Budget to Actual
For Year Ended June 30, 2011
Variance
Favorable
Budget
Actual
(Unfavorable)
Revenues
General admissions
$
Other income
741,300
$
771,302
$
30,002
711,300
737,992
26,692
-
566
566
1,452,600
1,509,860
57,260
1,107,000
1,089,917
17,083
Supplies
422,900
374,311
48,589
Utilities
203,000
131,036
71,964
Other
145,500
204,768
(59,268)
1,878,400
1,800,032
78,368
(425,800)
(290,172)
135,628
341,200
290,000
(51,200)
(84,600)
(172)
84,428
117,294
117,294
-
Interest income
Total revenues
Expenditures
Salaries, wages, and employee benefits
Total expenditures
Excess (deficiency) of revenues over
(under) expenditures
Other financing sources (uses)
Operating transfers in
Excess (deficiency) of revenues and
other financing sources over (under)
expenditures and other financing uses
Fund balances - beginning of year
Fund balances - ending of year
$
32,694
$
117,122
$
84,428
60
Other Supplementary Information
Other supplementary information includes financial statements and schedules not required by
accounting principles generally accepted in the United States of America, not a part of the financial
statements, but are presented for additional analysis.
Such statements and schedules include:
Combining Financial Statements- Non-Major Governmental Funds
Individual Fund Financial Statements and Schedules
General Fund
Special Revenue Funds
Debt Service Fund
Capital Projects Fund
Permanent Fund
Proprietary Funds
Additional Schedules
Schedule of Insurance in Force
Additional Auditor’s 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.
Utah State Compliance Report based on the requirements, special tests, and provisions
required by the State of Utah’s Legal Compliance Guide.
61
Combining Financial Statements
Non-Major Governmental Funds
Special Revenue Funds
American Fork Arts Council Fund – to account for the arts and cultural activities
of the City.
Downtown Redevelopment Fund – to account for small business revolving
loans.
Celebration Fund- to account for the activities of Steel Days, the City’s annual
celebration.
Municipal Building Authority- to account for the construction of capital
facilities within the City
Permanent Fund
Perpetual Care Fund- to account for the funds received for the perpetual care of
the cemetery.
62
AMERICAN FORK CITY
Non-major Governmental Funds
AMERICAN FORK CITY
Non-major Governmental Funds
Combining Balance Sheet
For the Year Ended June 30, 2011
Total
Special Revenue
American Fork
Downtown
Celebration
Arts Council Redevelopment Committee
ASSETS
Cash and cash equivalents
Cash in state treasurer's pool
Property taxes receivable
Accounts receivable
Note receivable
Inventory
Due from other funds
Restricted cash
Total assets
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable and accrued liabilities
Accrued salaries and benefits payable
Due to other funds
Deferred revenue
Total liabilities
$
$
$
Fund Balances:
Restricted for:
Perpetual care
Redevelopment
Assigned for:
Municipal building
Special revenues
Unassigned
Total fund balances
Total liabilities & fund balances
$
22,020
5,034
27,054
$
3,665
1,358
5,023
$
-
$
Building
Authority
98,000
3,847
101,847
$
-
9,692
9,692
-
97,371
22,031
22,031
97,371
27,054
$
$
53,632
43,739
97,371
$
97,371
$
$
Permanent
Perpetual
Care
$
$
280
280
$
-
$
$
Nonmajor
Governmental
Funds
-
$
20,390
25,349
494,125
539,864
-
-
13,357
1,358
14,715
-
-
539,864
-
539,864
97,371
92,155
92,155
280
280
-
280
114,186
751,701
101,847
$
280
-
$
$
173,932
5,034
20,390
43,739
3,847
25,349
494,125
766,416
539,864
$
539,864
$
766,416
63
AMERICAN FORK CITY
Non-major Governmental Funds
AMERICAN FORK CITY
Non-Major Governmental Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
For the Year Ended June 30, 2011
American Fork
Arts Council
REVENUES
Property taxes
Charges for services
Other fees and services
Interest income
Total revenues
$
113,543
26
113,569
Downtown
Redevelopment
$
-
Celebration
Committee
$
Permanent
Perpetual
Care
Building
Authority
$
Total Nonmajor
Governmental
Funds
1,697
1,697
60,092
60,092
-
22,385
2,673
25,058
$
196,020
4,396
200,416
EXPENDITURES
Public improvements
Parks and recreation
Total expenditures
189,834
189,834
-
90,868
90,868
20
20
-
20
280,702
280,722
Excess revenues over (under)
expenditures
(76,265)
1,697
(30,776)
(20)
25,058
(80,306)
81,800
81,800
-
39,200
39,200
200
200
(2,673)
(2,673)
121,200
(2,673)
118,527
5,535
1,697
8,424
180
22,385
38,221
16,496
95,674
83,731
100
517,479
713,480
Other financing sources (uses)
Operating transfers in
Operating transfers out
Total other financing sources and uses
Excess of revenues and other sources
over (under) expenditures and other uses
Fund balances - beginning of year
Fund balances - end of year
$
22,031
$
97,371
$
92,155
$
280
$
539,864
$
751,701
64
General Fund
The general fund is the main operating fund of the City. This fund is used to account for all financial
resources not accounted for in other funds.
65
AMERICAN FORK CITY
General Fund
AMERICAN FORK CITY
General Fund
Balance sheet
June 30, 2011
General
Fund
ASSETS
Petty cash
Cash and cash equivalents
Property taxes recievable
Sales taxes receivable
Receivables, net of allowance
Intergovernmental
Garbage billing
Ambulance
Other
Inventory
Total assets
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable and accrued liabilities
Accrued salaries, wages, and benefits
Accrued compensated absences
Due to other funds
Performance bonds payable
Deferred revenue
Total liabilities
Fund Balances
Fund balances reserved for:
Unassigned
Total fund balances
Total liabilities and fund balances
$
$
$
$
400
1,987,966
3,605,708
941,804
522,923
109,370
459,099
37,638
21,758
7,686,666
362,690
187,559
317,216
23,884
259,660
3,394,801
4,545,810
3,140,856
3,140,856
7,686,666
66
AMERICAN FORK CITY
General Fund
AMERICAN FORK CITY
GENERAL FUND
Statement of Revenues, Expenditures and Changes in Fund Balance Budget and Actual
For the Year Ended June 30, 2011
Budgeted Amounts
Variance
Favorable
Budget
Actual
(Unfavorable)
Revenues
Taxes
Property taxes
Delinquent taxes
$
3,330,000
$
3,465,014
$
135,014
150,000
183,473
33,473
Sales taxes
5,000,000
5,095,374
95,374
Energy taxes
1,306,000
1,390,990
84,990
Franchise taxes
122,000
99,240
(22,760)
Motor vehicle fees
250,000
318,120
68,120
Telephone tax
340,000
440,688
100,688
78,000
80,319
2,319
10,576,000
11,073,218
497,218
Business licenses
110,600
113,880
3,280
Building permits
205,500
258,835
53,335
Penalties and interest
Total
Licenses and permits
Other licenses
21,000
22,358
1,358
337,100
395,073
57,973
State and other grants
181,400
155,069
(26,331)
Road fund allotments
825,000
837,272
12,272
Liquor fund allotments
32,800
32,929
129
1,039,200
1,025,270
(13,930)
8,500
11,020
2,520
Ambulance fees
985,000
1,135,598
150,598
Sewer and water allocation
861,000
861,000
-
Refuse collection/recycling
1,146,000
1,145,016
(984)
700
455
(245)
3,001,200
3,153,089
151,889
Total
Intergovernmental revenue
Total
Charges for services
Fire protection
Sale of plastic bags
Total
67
AMERICAN FORK CITY
General Fund
AMERICAN FORK CITY
GENERAL FUND
Statement of Revenues, Expenditures and Changes in Fund Balance Budget and Actual (Continued)
For the Year Ended June 30, 2011
Budgeted Amounts
Variance
Favorable
Budget
Actual
(Unfavorable)
Revenues (continued)
Lease payments and other fees
Safety contracts
$
Recreation fees
471,000
$
384,311
$
(86,689)
345,200
355,146
9,946
44,000
45,499
1,499
6,700
6,831
131
118,300
35,518
(82,782)
8,000
9,176
1,176
Boat harbor fees
64,600
64,114
(486)
Utility late fees
34,300
32,929
(1,371)
Library fees
Library development
Interlocal contributions
Senior citizens fees
Transaction fees
Total
-
-
1,092,100
933,524
(158,576)
14,700
18,094
3,394
-
-
66,700
73,935
7,235
81,400
92,029
10,629
323,900
326,153
2,253
23,100
23,066
(34)
Traffic school
150,400
144,891
(5,509)
State reimbursement and rent
446,800
446,729
(71)
944,200
940,839
(3,361)
Interest earnings
36,800
41,439
4,639
Development and plan fees
77,900
106,277
28,377
Sale of surplus property and equipment
74,800
74,791
(9)
120,600
153,053
32,453
310,100
375,560
65,460
17,381,300
17,988,602
607,302
Cemetery fees
Sale of lots
Perpetual care interest
Grave opening fees
Total
Fines and forfeitures
Fines
Police reimbursement
Total
Miscellaneous revenues
Other revenue
Total
Total revenues
68
AMERICAN FORK CITY
General Fund
AMERICAN FORK CITY
GENERAL FUND
Statement of Revenues, Expenditures and Changes in Fund Balance Budget and Actual (Continued)
For the Year Ended June 30, 2011
Budgeted Amounts
Variance
Favorable
Budget
Actual
(Unfavorable)
Expenditures
General Government
Administation
$
1,160,200
$
1,097,990
$
62,210
Council
140,600
131,800
8,800
Legal
442,200
376,244
65,956
78,300
52,541
25,759
Data processing
142,800
119,889
22,911
Public works
259,400
248,159
11,241
90,400
88,641
1,759
760,000
668,031
91,969
3,073,900
2,783,295
290,605
3,762,000
3,668,958
93,042
455,900
409,058
46,842
1,288,100
1,231,119
56,981
5,506,000
5,309,135
196,865
Engineering
398,900
349,766
49,134
Inspection department
374,900
352,870
22,030
1,583,400
1,464,581
118,819
2,357,200
2,167,217
189,983
713,200
673,163
40,037
18,300
17,975
325
Executive
Fleet maintenance
Building and grounds
Total
Public safety
Police department
Fire department
Ambulance department
Total
Public improvements
Public improvements
Total
Parks and recreation
Parks department
Senior citizens
Boat harbor
Recreation department
Beautification
Total
27,400
23,558
3,842
588,900
512,409
76,491
9,400
1,124
8,276
1,357,200
1,228,229
128,971
69
AMERICAN FORK CITY
General Fund
AMERICAN FORK CITY
GENERAL FUND
Statement of Revenues, Expenditures and Changes in Fund Balance Budget and Actual (Continued)
For the Year Ended June 30, 2011
Budgeted Amounts
Variance
Favorable
Budget
Actual
(Unfavorable)
Other
Sanitation
1,104,900
1,081,284
23,616
703,300
677,430
25,870
64,800
63,043
1,757
Cemetery department
526,300
504,156
22,144
Planning commission
404,400
386,555
17,845
-
21,282
(21,282)
2,803,700
2,733,750
69,950
15,098,000
14,221,626
876,374
2,283,300
3,766,976
1,483,676
61,400
70,310
8,910
(4,687,306)
(4,583,807)
103,499
(4,625,906)
(4,513,497)
112,409
(2,342,606)
(746,521)
3,887,377
3,887,377
Library department
Literacy center
Miscellaneous
Total
Total expenditures
Excess of revenues over expenditures
Other financing sources (uses)
Operating transfers in
Operating transfers out
Total other financing sources (uses)
Deficiency of revenues and other financing
sources over expenditures and other
financing uses
Fund balance at beginning of year
Fund balance at end of year
$
1,544,771
$
$
1,596,085
3,140,856
70
AMERICAN FORK CITY
General Fund
General Fund Analysis
71
AMERICAN FORK CITY
General Fund Analysis
AMERICAN FORK CITY
General Fund
Analysis of Expenditures
For the Year Ended June 30, 2011
2011
Salaries, Wages
and Benefits
Expenditures
General government
Administration
Legislative
Legal
Executive
Data processing
Public works
Fleet maintenance
Building and grounds
Total
$
746,289
80,804
30,744
223,148
87,332
251,257
1,419,574
Materials
Supplies
and Services
$
67,264
376,245
17,161
119,889
19,320
1,309
416,773
1,017,961
Other
Charges
$
273,655
50,996
4,636
5,191
334,478
Capital
Outlay
$
10,782
500
11,282
Total
$
1,097,990
131,800
376,245
52,541
119,889
248,159
88,641
668,030
2,783,295
Public safety
Police department
Fire department
Ambulance department
Total
3,011,514
216,963
978,399
4,206,876
563,888
132,760
205,964
902,612
58,858
20,062
4,878
83,798
34,698
39,273
41,878
115,849
3,668,958
409,058
1,231,119
5,309,135
Public improvements
Engineering
Inspection
Streets and highways
Total
322,835
333,251
441,649
1,097,735
24,300
15,582
421,399
461,281
2,382
3,186
4,115
9,683
249
851
597,418
598,518
349,766
352,870
1,464,581
2,167,217
537,201
7,763
22,026
302,335
869,325
127,817
10,212
1,532
209,529
1,124
350,214
1,482
545
2,027
6,663
6,663
673,163
17,975
23,558
512,409
1,124
1,228,229
571,612
60,970
413,404
375,259
1,421,245
1,081,094
94,565
1,273
85,758
10,158
8,469
1,281,317
190
433
1,433
12,813
14,869
10,820
800
3,561
1,138
1,081,284
677,430
63,043
504,156
386,555
21,282
2,733,750
$ 9,014,755
$ 4,013,385
Parks and recreation
Parks department
Senior citizens
Boat harbor
Recreation department
Community committees
Total
Other
Sanitation
Library
Literacy
Cemetery
Planning
Misc.
Total
Total
$
444,855
16,319
$
748,631
$
14,221,626
72
AMERICAN FORK CITY
General Fund Analysis
AMERICAN FORK CITY
GENERAL FUND
Comparative Five Year Statement of Revenues, Expenditures and Changes in Fund Balances
For the Year Ended June 30, 2011
2011
2010
2009
2008
$ 11,073,218
395,073
1,025,270
3,153,089
933,524
92,029
940,839
375,560
17,988,602
$ 10,796,806
246,687
867,489
2,702,774
1,074,433
91,785
935,238
283,435
16,998,647
$ 11,329,854
241,239
811,147
2,576,297
1,073,867
96,855
882,910
318,537
17,330,706
$ 11,295,117
462,946
940,116
1,581,742
975,309
141,266
891,844
475,143
16,763,483
2,783,295
5,309,135
2,167,217
1,081,284
1,228,229
677,430
504,156
386,555
63,043
21,282
14,221,626
2,548,763
4,752,452
2,231,475
935,934
1,250,588
614,044
487,074
379,801
59,433
33,501
13,293,065
2,680,292
4,643,140
2,110,011
880,920
1,281,573
647,486
521,860
375,280
56,928
28,291
13,225,781
2,761,584
4,209,233
1,974,529
917,419
1,257,445
648,327
505,117
305,138
48,432
180,537
12,807,761
2,401,722
3,913,139
2,036,583
858,093
1,079,034
557,949
413,834
242,850
33,498
50,707
11,587,409
Excess of revenues over expenditures 3,766,976
3,705,582
4,104,925
3,955,722
4,816,662
Other financing sources (uses)
Net operting transfers in (out)
(4,513,497)
Total other financing sources (uses)
(4,513,497)
(3,641,547)
(3,641,547)
(4,247,781)
(4,247,781)
(3,831,631)
(3,831,631)
(4,686,686)
(4,686,686)
64,035
(142,856)
124,091
129,976
3,823,342
3,966,198
$ 3,823,342
2,350,589
2,220,613
Revenues
Taxes
Licenses and permits
Integovernmental revenue
Charges for services
Lease payments and other fees
Cemetery fees
Fines and forfeitures
Other revenues
Total
Expenditures
General Government
Public safety
Public improvements
Parks and recreation
Sanitation
Library department
Literacy
Cemetery department
Planning
Misc.
Total
Excess (deficency) of revenues and other financing
sources over expenditures and other financing
(746,521)uses
Fund balance, beginning of year
3,887,377
Fund balance, beginning of year as restated
Fund balance, end of year
$ 3,140,856
$ 3,887,377
$ 2,474,680
2007
$
$
10,997,459
556,086
927,211
1,406,967
860,357
133,502
850,084
672,405
16,404,071
2,350,589
73
Special Revenue Funds
The special revenue funds are used to account for the proceeds of specific revenue sources that are set
aside for expenditure for specified purposes.
74
AMERICAN FORK CITY
Special Revenue Funds
AMERICAN FORK CITY
Combining Balance Sheet
Special Revenue Funds
For the Year Ended June 30, 2011
American Fork
Arts Council
Redevelopment
Downtown
Agency
Redevelopment
Celebration
Committee
$
$
$
$
22,020
5,034
27,054
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable and accrued liabilities$
Accrued salaries and benefits payable
Due to other funds
Deferred revenue
Total liabilities
3,665
1,358
5,023
ASSETS
Cash and cash equivalents
Cash - state treasurer's pool
Property tax receivable
Note receivable
Due from other funds
Prepaid expenses
Inventory
Total assets
Fund Balances
Restricted for:
Redevelopment
Assigned for:
Municipal Building
Special Revenues
Unassigned
Total fund balances
Total liabilities and fund balances
$
$
$
20,706
1,634,015
1,313,917
14,620
2,983,258
53,632
43,739
-
$
97,371
$
$
61,029
$
-
$
98,000
3,847
101,847
17,637
1,313,917
1,392,583
-
9,692
9,692
-
1,590,675
97,371
22,031
22,031
1,590,675
97,371
27,054
$
2,983,258
$
97,371
$
Building
Authority
$
Total
Nonmajor
Governmental
Funds
Fitness
Center
280
-
$
$
280
$
$
-
$
92,804
107,071
10,892
210,767
$
$
-
39,730
53,915
93,645
-
-
-
1,688,046
92,155
92,155
280
280
117,122
117,122
280
231,308
1,919,634
101,847
$
280
$
210,767
$
287,442
1,746,120
1,313,917
43,739
14,620
14,739
3,420,577
$
114,116
55,273
17,637
1,313,917
1,500,943
3,420,577
75
AMERICAN FORK CITY
Special Revenue Funds
AMERICAN FORK CITY
Combining Statement of Revenues, Expenditures, and Changes Fund Balances
Special Revenue Funds
For the Year Ended June 30, 2011
REVENUES
Property taxes
Ticket sales and concessions
General admissions
Other income
Interest income
Total revenues
American Fork
Arts Council
Redevelopment
Agency
$
$
113,543
26
113,569
1,389,403
11,834
1,401,237
Downtown
Redevelopment
$
-
Celebration
Committee
1,697
1,697
$
60,092
60,092
MBA
$
Total Nonmajor
Governmental
Funds
Fitness
Center
-
$
771,302
737,992
566
1,509,860
$
1,389,403
173,635
771,302
737,992
14,123
3,086,455
EXPENDITURES
Supplies
Production costs
Salaries and wages
Utilities
Other
Total expenditures
88,333
77,559
23,942
189,834
1,096,537
1,096,537
0
90,868
90,868
20
20
1,089,917
374,311
131,036
204,768
1,800,032
1,089,917
179,201
451,870
131,036
1,325,267
3,177,291
Excess revenues over (under)
expenditures
(76,265)
304,700
1,697
(30,776)
(20)
(290,172)
(90,836)
81,800
81,800
(670,137)
(670,137)
-
39,200
39,200
200
200
290,000
290,000
411,200
(670,137)
(258,937)
5,535
(365,437)
1,697
8,424
180
(172)
(349,773)
16,496
1,956,112
95,674
83,731
100
117,294
2,269,407
Other financing sources (uses)
Operating transfers in
Operating transfers out
Total other financing sources and uses
Excess of revenues and other sources
over (under) expenditures and other uses
Fund balances - beginning of year
Fund balances - end of year
$
22,031
$
1,590,675
$
97,371
$
92,155
$
280
$
117,122
$
1,919,634
76
AMERICAN FORK CITY
Special Revenue Funds
AMERICAN FORK CITY
Arts Council Fund
Statement of Revenues, Expenditures, and Changes Fund Balances
Budget to Actual
For the Year Ended June 30, 2011
Budget
Revenue
Ticket sales and concessions
Interest income
Total revenue
$
103,200
100
103,300
Actual
$
113,543
26
113,569
Variance
Favorable
(Unfavorable)
$
10,343
(74)
10,269
Expenditures
Production costs
Salaries, wages and employee benefits
Other
Total expenditures
83,200
70,700
47,100
201,000
88,333
77,559
23,942
189,834
(5,133)
(6,859)
23,158
11,166
Excess (deficiciency) of revenues over
(under) expenditures
(97,700)
(76,265)
21,435
81,800
81,800
81,800
81,800
-
(15,900)
5,535
21,435
16,496
596
16,496
22,031
21,435
Other financing sources
Operating transfers in
Total other financing sources
Excess (deficiency) of revenues and
other financing sources over expenditures
and other financing uses
Fund balances - beginning of year
Fund balances - ending of year
$
$
$
77
AMERICAN FORK CITY
Special Revenue Funds
AMERICAN FORK CITY
Downtown Redevelopment
Statement of Revenues, Expenditures, and Changes Fund Balances
Budget to Actual
For the Year Ended June 30, 2011
Budget
Revenues
Interest income
$
Expenditures
Other expenses
Variance
Favorable
(Unfavorable)
Actual
15,700
$
1,697
$
(14,003)
-
-
Excess (deficiciency) of revenues over (under)
expenditures
15,700
1,697
OTHER FINANCING SOURCES (USES)
Operating transfers out
-
-
15,700
1,697
(14,003)
95,674
111,374
95,674
97,371
(14,003)
Excess (deficiency) of revenues and
other financing sources over (under)
expenditures and other financing uses
Fund balances - beginning of year
Fund balances - ending of year
$
$
-
(14,003)
-
$
78
AMERICAN FORK CITY
Special Revenue Funds
AMERICAN FORK CITY
Celebration Committee
Statement of Revenues, Expenditures, and Changes Fund Balances
Budget to Actual
For the Year Ended June 30, 2011
Budget
Revenues
Ticket sales and concessions
$
53,900
Actual
$
60,092
Variance
Favorable
(Unfavorable)
$
6,192
Expenditures
Production costs
145,800
90,868
54,932
Excess (deficiency) of revenues over
(under) expenditures
(91,900)
(30,776)
61,124
39,200
39,200
-
(52,700)
8,424
61,124
83,731
31,031
83,731
92,155
61,124
Other financing sources
Operating transfers in
Excess (deficiency) of revenues and
other financing sources over (under)
expenditures and other financing uses
Fund balances - beginning of year
Fund balances - ending of year
$
$
$
79
AMERICAN FORK CITY
Special Revenue Funds
AMERICAN FORK CITY
Building Authority
Statement of Revenues, Expenditures, and Changes Fund Balances
Budget to Actual
For the Year Ended June 30, 2011
Budgeted Amounts
Budget
Revenue
Total revenue
$
Expenditures
Public improvements
Total expenditures
Variance
Favorable
(Unfavorable)
Actual
200
$
-
$
(200)
-
20
20
(20)
(20)
Excess (deficiciency) of revenues over
(under) expenditures
200
(20)
(220)
Other financing sources
Operating transfers in
Total other financing sources
100
100
200
200
100
100
300
180
(120)
100
400
100
280
(120)
Excess (deficiency) of revenues and
other financing sources over expenditures
and other financing uses
Fund balances - beginning of year
Fund balances - ending of year
$
$
$
80
Debt Service Fund
The debt service fund is used to account for the accumulation of resources for, and the payment of,
general long-term debt principal and interest.
81
AMERICAN FORK CITY
Debt Service Fund
AMERICAN FORK CITY
Debt Service Fund
Balance Sheet
Period Ended June 30, 2011
ASSETS
Cash - checking
$
320,407
Cash - state treasurer's pool
102,978
Cash in excess of bond requirements
273,563
Restricted cash
Guaranty fund
144,548
Reserve fund
184,027
Due from other funds
Total assets
3,333
$
1,028,856
$
328,575
LIABILITIES AND FUND BALANCE
Fund balance
Restricted for debt service
Unassigned
700,281
Total fund balance
Total liabilities and fund balance
1,028,856
$
1,028,856
82
AMERICAN FORK CITY
Debt Service Fund
AMERICAN FORK CITY
Debt Service Fund
Statement of Revenues, Expenditures, and Changes Fund Balances
Budget to Actual
For the Year Ended June 30, 2011
Variance
Favorable
Budget
Actual
(Unfavorable)
Revenues
Interest income
$
4,000
$
4,687
$
687
Expenditures
Bond principal
Bond interest and fees
Total expenditures
Excess (deficiency) of revenues over (under)
expenditures
2,222,000
2,222,000
-
902,500
858,174
44,326
3,124,500
3,080,174
44,326
(3,120,500)
(3,075,487)
45,013
3,085,500
3,105,500
20,000
3,085,500
3,105,500
20,000
(35,000)
30,013
65,013
998,843
998,843
-
Other financing sources (uses)
Operating transfers in
Total other financing sources (uses)
Excess (deficiency) of revenues and
other financing sources over (under)
expenditures and other financing uses
Fund balances - beginning of year
Fund balances - ending of year
$
963,843
$
1,028,856
$
65,013
83
Capital Projects Fund
84
AMERICAN FORK CITY
Capital Projects Fund
AMERICAN FORK CITY
Capital Projects Fund
Combining Statement of Net Assets
June 30, 2011
ASSETS
Cash - operating
Cash - state treasurer's pool
Restricted cash
Impact fees
Public works
Receivables - accounts
Due from other funds
Total assets
LIABILITIES AND FUND BALANCE
Accounts payable and accrued expenses
Developer reimbursement payable
Due to other funds
Total liabilities
$
$
$
Fund balance restricted for:
Impact fees
Assigned for:
Capital projects
Total fund balance
Total liabilities and fund balance
1,495,518
4,427,153
513,887
21,125
58,000
16,172
6,531,855
3,980
67,914
190,333
262,227
1,042,328
5,227,300
6,269,628
$
6,531,855
85
AMERICAN FORK CITY
Capital Projects Fund
AMERICAN FORK CITY
Capital Projects Fund
Statement of Revenues, Expenditures, and Changes Fund Balances
Budget to Actual
For the Year Ended June 30, 2011
Variance
Favorable
Budget
Actual
(Unfavorable)
REVENUES
Interest
$
Other income
35,100
$
27,001
$
(8,099)
-
15,894
15,894
581,000
704,153
123,153
616,100
747,048
130,948
Administration
250,000
244,900
5,100
Public safety
354,400
706,275
(351,875)
Public works
791,900
774,650
17,250
Boat harbor
53,600
54,364
(764)
Amphitheater
13,000
23,817
(10,817)
Park expansion
41,400
47,536
(6,136)
Other projects and equipment acquisitions
23,500
256
23,244
1,527,800
1,851,798
(323,998)
(911,700)
(1,104,750)
(193,050)
-
433,460
433,460
2,732,006
2,715,007
(16,999)
(947,400)
(947,400)
-
1,784,606
2,201,067
416,461
872,906
1,096,317
223,411
5,173,311
5,173,311
-
Impact fees
Total revenues
EXPENDITURES
Total expenditures
Excess (deficit) of revenues over (under)
expenditures
OTHER FINANCING SOURCES (USES)
Issuance of capital lease
Transfers in
Transfers out
Total other financing sources (uses)
Net change in fund balance
Fund balances
Fund balances - ending
$
6,046,217
$
6,269,628
$
223,411
86
Perpetual Care Fund
The perpetual care fund is used to account for the resources that are restricted for cemetery care. The
principal can only be used for cemetery care, but the earning of the fund can be used to support other
government programs.
87
AMERICAN FORK CITY
Perpetual Care Fund
AMERICAN FORK CITY
Perpetual Care Fund
Combining Statement of Net Assets
Period Ended June 30, 2011
ASSETS
Current assets:
Accounts receivable - net
Due from other funds
Restricted cash
Total assets
NET ASSETS
Total net assets
$
20,390
25,349
494,125
539,864
$
539,864
88
AMERICAN FORK CITY
Perpetual Care Fund
AMERICAN FORK CITY
Perpetual Care Fund
Statement of Revenues, Expenditures, and Changes Fund Balances
Budget to Actual
For the Year Ended June 30, 2011
Budget
Revenue
Cemetery care
Interest income
Total revenues
$
Other financing sources
Operating transfers out
Total other financing sources
Excess (deficiency) of revenues and
other financing sources over (under)
expenditures and other financing uses
Fund balances - beginning of year
Fund balances - ending of year
$
11,300
3,400
14,700
Actual
$
22,385
2,673
25,058
Variance
Favorable
(Unfavorable)
$
11,085
(727)
10,358
(3,400)
(3,400)
(2,673)
(2,673)
727
727
11,300
22,385
11,085
517,479
528,779
517,479
539,864
11,085
$
$
89
Proprietary Funds
The proprietary funds are used to account for the business-like activities of the City.
90
AMERICAN FORK CITY
Proprietary Funds
AMERICAN FORK CITY
Proprietary Funds
Combining Statement of Net Assets
Period Ended June 30, 2011
Business-Type Activities - Enterprise Funds
Water and
Broadband
Sewer Fund
Fund
Total
ASSETS
Current assets
Cash - checking
Cash -state treasurer's pool
Accounts receivable - net of allowance
Note receivable, current portion
Due from other funds
Total current assets
Capital assets, at cost
Land
Water Stock
Buildings and improvements
Improvements other than buildings
Machinery and equipment
Less: accumulated depreciation
Total Capital Assets
Noncurrent assets
Note receivable, long-term portion
Restricted cash
Construction
Impact fees
Bond issuance costs - net of amortization
Total noncurrent assets
Total assets
$
7,867,884
993,621
1,019,738
3,918
187,000
10,072,161
564,678
17,060,416
1,069,830
91,752,249
1,373,608
(22,210,515)
89,610,266
$
1,980,936
52,355
500,000
2,533,291
1,479,210
510,139
(786,030)
1,203,319
$
7,867,884
2,974,557
1,072,093
503,918
187,000
12,605,452
564,678
17,060,416
1,069,830
93,231,459
1,883,747
(22,996,545)
90,813,585
468,584
-
468,584
688,409
33,931
1,190,924
-
688,409
33,931
1,190,924
$ 100,873,351
$ 3,736,610
$ 104,609,961
91
AMERICAN FORK CITY
Proprietary Funds
AMERICAN FORK CITY
Proprietary Funds
Combining Statement of Net Assets (Continued)
Period Ended June 30, 2011
Business-Type Activities - Enterprise Funds
Sewer and
Broadband
Water Fund
Fund
Total
LIABILITIES AND NET ASSETS
Current liabilities
Outstanding checks in excess of deposits
Accounts payable and accrued expenses
Accrued salaries and benefits payable
Due to other entities
Interest payable
Long-term liabilities, current portion
Due to Other Funds
Total current liabilities
Noncurrent liabilities
Deposits
Compensated absences
Bonds payable
2007 General obligation bonds
2008 General obligation bonds
2003 Broadband bond
Total noncurrent liabilities
Total liabilities
Net Assets
Invested in capital assets, net of related debt
Restricted
Capital projects
Unrestricted
Total net assets
$
382,739
23,394
19,620
354,922
1,125,000
14,620
1,920,295
$ 3,060,792
9,187
3,617
58,821
400,000
3,532,417
$
68,807
68,084
17,086
68,807
85,170
7,860,000
37,475,000
45,471,891
47,392,186
2,885,000
2,902,086
6,434,503
7,860,000
37,475,000
2,885,000
48,373,977
53,826,689
43,150,266
688,409
9,642,490
$ 53,481,165
(2,081,681)
(616,212)
$(2,697,893)
41,068,585
688,409
9,026,278
50,783,272
$
3,060,792
391,926
27,011
19,620
413,743
1,525,000
14,620
5,452,712
92
AMERICAN FORK CITY
Proprietary Funds
AMERICAN FORK CITY
Proprietary Funds
Statement of Revenues, Expenditures, and Changes Fund Balances
Budget to Actual
For the Year Ended June 30, 2011
Business-Type Activities - Enterprise Funds
Water and
Broadband
Sewer Fund
Fund
Total
Operating revenues
Water charges and fees
$
Sewer charges and fees
Internet and connection fees
4,730,324
$
-
$
4,730,324
5,122,942
-
5,122,942
258,309
-
258,309
22,462
-
22,462
9,875,728
258,309
10,134,037
Salaries, wages and employee benefits
1,086,101
192,284
1,278,385
Materials and supplies
1,419,260
92,408
1,511,668
Utilities and telephone
166,822
18,686
185,508
Other income
Total operating revenues
Operating expenses
Professional and technical
Timpanogos Special Service District
Water assessment fees
Other
Depreciation
Total operating expenses
Operating income
100,219
22,803
123,022
2,868,671
-
2,868,671
219,960
-
219,960
173,337
22,599
195,936
2,543,825
85,754
2,629,579
8,578,195
434,534
9,012,729
1,297,533
(176,225)
1,121,308
Nonoperating revenues (expenses)
Interest income
Impact fees
Bond interest expense
28,100
10,430
38,530
452,291
-
452,291
(2,193,698)
(193,132)
(1,713,307)
(182,702)
(1,896,009)
(415,774)
(358,927)
(774,701)
Gain on sale of assets
(2,386,830)
-
Total nonoperating revenues (expenses)
-
Net income (loss) before contributions
and transfers
Contributions and transfers
Capital contributions
Operating transfers in
Operating transfers out
-
1,047,903
-
202,000
202,000
(300,000)
Total contributions and transfers
Change in net assets
Total net assets - beginning
Total net assets - ending
1,047,903
$
-
(300,000)
747,903
202,000
949,903
332,129
(156,927)
175,202
53,149,036
(2,540,966)
53,481,165
$ (2,697,893)
50,608,070
$
50,783,272
93
AMERICAN FORK CITY
Proprietary Funds
AMERICAN FORK CITY
Proprietary Funds
Combining Statement of Cash Flows
For the Year Ended June 30, 2011
Business-Type Activities - Enterprise Funds
Water and Sewer
Broadband
Total BTAs
Cash Flows From Operating Activities
Receipts from customers
Payments to suppliers
Payments to employees
Interfund Services
Net cash provided (used) by
operating activities
$
224,200
(151,807)
(195,344)
-
$ 10,048,317
(5,116,089)
(1,280,980)
14,620
3,788,819
(122,951)
3,665,868
(300,000)
-
(54,545)
202,000
(354,545)
202,000
(300,000)
147,455
(152,545)
452,291
807,111
(662,815)
(564,000)
(2,196,649)
550,000
(385,000)
(199,907)
452,291
807,111
(662,815)
550,000
(949,000)
(2,396,556)
(2,164,062)
(34,907)
(2,198,969)
28,100
10,403
38,503
28,100
10,403
38,503
Net increase (decrease) in cash and
cash equivalents
1,352,857
-
1,352,857
Cash and cash equivalents - beginning
8,197,057
-
8,197,057
-
$ 9,549,914
Cash Flows From Noncapital
Financing Activities
Change in outstanding checks in excess of deposits
Cash paid to other funds
Cash recieved from other funds
Net cash provided (used) by noncapital
financing activities
Cash Flows From Capital and Related
Financing Activities
Cash received for impact fees
Cash contribution from Redevelopment Agency
Acquistion of capital assets
Cash payments from assets sold in prior year
Principal paid on capital debt
Interest paid on capital debt
Net cash provided (used) by capital
and related financing activities
Cash Flows From Investing Activities
Interest and dividends received
Net cash provided (used) by investing
activities
Cash and cash equivalents - ending
$
9,824,117
(4,964,282)
(1,085,636)
14,620
9,549,914
$
$
94
AMERICAN FORK CITY
Proprietary Funds
AMERICAN FORK CITY
Proprietary Funds
Combining Statement of Cash Flows (Continued)
For the Year Ended June 30, 2011
Business-Type Activities - Enterprise Funds
Sewer and Water
Broadband
Total BTAs
Reconciliation of operating income to
net cash provided (used) by operating
activities:
Operating income
Adjustments to reconcile operating
income to net cash provided (used) by
operating activities:
Depreciation expense
(Increase) decrease in accounts receivable
(Increase) decrease in amounts due from other funds
Increase (decrease) in accounts payable
Increase (decrease) in accrued salaries and benefits
Increase (decrease) in due to other funds
Increase (decrease) in amounts due to other entities
Increase (decrease) in compensated absences
Increase (decrease) in deposits
Total adjustments
Net cash provided (used) by
operating activities
Noncash investing, capital, and financing activities
Contributions from contractors for:
Water rights
Water and sewer improvements
Reconciliation of total cash and cash investments
Cash and cash equivalents (net of outstanding checks in
excess of deposits)
Restricted cash and cash equivalents
Total cash and cash investments
$
1,297,533
$
2,543,825
(51,611)
(16,837)
1,371
14,620
(906)
824
2,491,286
$
3,788,819
$
$
119,080
121,712
$
8,861,505
688,409
9,549,914
$
$
(176,225)
$ 1,121,308
85,754
(34,109)
4,689
329
(3,389)
53,274
2,629,579
(85,720)
(12,148)
1,700
14,620
(4,295)
824
2,544,560
(122,951)
$ 3,665,868
$
-
$
-
$ 8,861,505
688,409
$ 9,549,914
95
AMERICAN FORK CITY
Proprietary Funds
AMERICAN FORK CITY
Water and Sewer Fund
Statement of Revenues, Expenditures, and Changes Fund Balances
Budget to Actual
For the Year Ended June 30, 2011
Variance
Favorable
Budget
Actual
(Unfavorable)
Operating Revenues
Water charges
$
Sewer charges
4,597,000
$
4,733,800
Other income
4,730,324
$
5,122,942
133,324
389,142
22,300
22,462
162
9,353,100
9,875,728
522,628
Salaries, wages and employee benefits
1,158,400
1,086,101
72,299
Materials and supplies
2,431,600
1,419,260
1,012,340
Utilities and telephone
234,200
166,822
67,378
Total revenues
Operating Expenses
Professional and technical
132,000
100,219
31,781
3,000,000
2,868,671
131,329
Water assessment fees
149,900
219,960
(70,060)
Other
197,200
173,337
23,863
Timpanogos Special Service District
Depreciation
Total operating expenses
Operating income (Loss)
-
2,543,825
(2,543,825)
7,303,300
8,578,195
(1,274,895)
2,049,800
1,297,533
(752,267)
Non-operating income (expense)
Interest income
Impact fees
Bond interest expense
Bond principal payments
48,300
28,100
(20,200)
373,900
452,291
78,391
(2,200,000)
(2,193,698)
(45,000)
Total non-operating income (expense)
Income before contributions and transfers
6,302
-
45,000
(1,822,800)
(1,713,307)
109,493
227,000
(415,774)
(642,774)
807,200
1,047,903
240,703
-
-
Contributions and transfers
Capital contributions
Operating transfers in
Operating transfers out
(300,000)
(300,000)
-
Total contributions and transfers
507,200
747,903
240,703
Change in net assets
734,200
332,129
(402,071)
Net assets - beginning
Net assets - ending
53,149,036
$
53,883,236
53,149,036
$
53,481,165
$
(402,071)
96
AMERICAN FORK CITY
Proprietary Funds
AMERICAN FORK CITY
Broadband Fund
Statement of Revenues, Expenditures, and Changes Fund Balances
Budget to Actual
For the Year Ended June 30, 2011
Variance
Favorable
Budget
Actual
(Unfavorable)
Operating Revenues
Internet fees
$
Other income
379,100
$
258,309
$
(120,791)
38,600
-
(38,600)
417,700
258,309
(159,391)
183,500
192,284
(8,784)
Materials and supplies
57,300
92,408
(35,108)
Utilities
14,200
18,686
(4,486)
Professional and technical
42,000
22,803
19,197
Other
15,000
22,599
(7,599)
-
85,754
(85,754)
Total operating expenses
312,000
434,534
(122,534)
Operating income (loss)
105,700
(176,225)
(281,925)
10,000
10,430
430
780,000
-
(780,000)
(199,400)
(193,132)
6,268
590,600
(182,702)
(773,302)
202,000
202,000
-
898,300
(156,927)
(1,055,227)
(2,540,966)
(2,540,966)
-
Total revenues
Operating Expenses
Salaries, wages and employee benefits
Depreciation
Non-operating income (expense)
Interest income
Gain on sale of capital assets
Bond interest expense
Total non-operating income (expense)
Contributions and transfers
Operating transfers in
Change in net assets
Net assets - beginning
Net assets - ending
$
(1,642,666)
$
(2,697,893)
$
(1,055,227)
97
Additional Auditors’ Reports
These additional reports are required by Governmental Auditing Standards and the Utah State
Auditor’s Office, respectively.
98
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
The Honorable Mayor and City Council
American Fork City
American Fork, UT
December 8, 2011
We have audited the financial statements of the governmental activities, the business-type activities, each major fund
and the aggregate remaining fund information of American Fork City, as of and for the year ended June 30, 2011,
which collectively comprise American Fork City’s basic financial statements and have issued our report thereon dated
December 8, 2011. We conducted our audit in accordance with auditing standards generally accepted in the United
States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued
by the Comptroller General of the United States.
Internal Control Over Financial Reporting
In planning and performing our audit, we considered American Fork City’s internal control over financial reporting as
a basis for designing our auditing procedures for the purpose of expressing our opinions on the financial statements,
but not for the purpose of expressing an opinion on the effectiveness of American Fork City’s internal control over
financial reporting. Accordingly, we do not express an opinion on the effectiveness of American Fork City’s internal
control over financial reporting.
A deficiency in internal control exists when the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements
on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that
there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented,
or detected and corrected on a timely basis.
Our consideration of internal control over financial reporting was for the limited purpose described in the first
paragraph of this section and was not designed to identify all deficiencies in internal control over financial reporting
that might be deficiencies, significant deficiencies, or material weaknesses. We did not identify any deficiencies in
internal control over financial reporting that we consider to be material weaknesses, as defined above.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether American Fork City’s financial statements are free of material
misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grant
agreements, noncompliance with which could have a direct and material effect on the determination of financial
statement amounts. However, providing an opinion on compliance with those
99
provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our
tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards.
We noted certain matters that we reported to management of American Fork City, in a separate letter dated December
8, 2011.
This report is intended solely for the information of management, City Council, Utah State Auditor and pass-through
entities, and is not intended to be and should not be used by anyone other than these specified parties.
GILBERT & STEWART
Certified Public Accountants
100
INDEPENDENT AUDITOR'S REPORT
ON LEGAL COMPLIANCE WITH APPLICABLE
UTAH STATE LAWS AND REGULATIONS
The Honorable Mayor and City Council
American Fork City
American Fork, UT
December 8, 2011
We have audited the accompanying financial statements of the governmental activities, the business-type activities,
each major fund, and the aggregate remaining fund information of American Fork City for the year ended June 30,
2011, and have issued our report thereon dated December 8, 2011. As part of our audit, we have audited American
Fork City's compliance with the requirements governing types of services allowed or un-allowed; eligibility;
matching, level of effort, or earmarking; reporting, special tests and provisions applicable to each of its major state
assistance programs as required by the State of Utah Legal Compliance Audit Guide for the year ended June 30,
2011. The City received the following major assistance programs from the State of Utah:
Class "C" Road Funds (Department of Transportation)
Liquor Funds (Utah State Tax Commission)
Our audit also included test work on the City's compliance with those general compliance requirements identified in
the State of Utah Legal Compliance Audit Guide:
Public Debt
Cash Management
Purchasing Requirements
Budgetary Compliance
Asset Forfeitures
Liquor Law Enforcement
Justice Courts Compliance
B& C Road Funds
Other General Compliance Issues
Uniform Building Code Standards
Impact Fees
Truth in Taxation and Property Tax Limitations
Utah Retirement System Compliance
Fund Balance Limitation
The management of American Fork City is responsible for the City's compliance with all compliance requirements
identified above. Our responsibility is to express an opinion on compliance with those requirements based on our
audit.
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and
Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that
we plan and perform the audit to obtain reasonable assurance about whether material noncompliance with the
requirements referred to above occurred. An audit includes examining, on a test basis, evidence about the City's
compliance with those requirements. We believe that our audit provides a reasonable basis for our opinion.
Our audit does not provide a legal determination on the city’s compliance with these requirements.
82
101
The results of our audit procedures disclosed immaterial instances of noncompliance with the requirements referred to
above, which are described in a separate letter dated December 8, 2011. We considered these instances of
noncompliance in forming our opinion on compliance, which is expressed in the following paragraph.
In our opinion, American Fork City complied, in all material respects, with the general compliance requirements
identified above and the requirements governing types of services allowed or un-allowed; eligibility; matching, level of
effort, or earmarking; reporting; and special tests and provisions that are applicable to each of its major state assistance
programs for the year ended June 30, 2011.
The city’s written response to the findings identified in our audit is described in the accompanying communication
with those charged with governance letter. We did not audit the city’s response and, accordingly, we express no
opinion on it.
This report is intended for the information of City Council, management of the City and the Utah State Auditor and is
not intended to be and should not be used by anyone other than these specified parties. However, the report is a matter
of public record and its distribution is not limited.
GILBERT & STEWART
Certified
Pub
lic Accountants
102
Statistical Section
103
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
General Property Tax Levies and Collections
Year End
12/31
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
Total
Taxes
Assessed
Current
Collections
Delinquent
Collections
$ 3,744,381
3,671,706
3,576,173
3,086,682
2,937,118
2,136,675
2,044,935
1,980,106
1,875,014
1,579,871
1,532,992
1,406,330
1,314,776
1,220,141
1,114,771
1,027,826
1,003,865
8,972,677
847,042
769,240
729,987
729,944
728,819
738,066
711,782
689,701
586,759
$ 3,398,338
3,313,576
3,286,524
2,846,771
2,744,307
1,981,991
1,899,077
1,838,706
1,645,261
1,421,326
1,386,417
1,280,964
1,216,895
1,127,891
1,064,158
996,756
952,345
838,620
806,533
730,086
683,291
681,276
650,374
657,797
633,373
614,114
524,010
$
203,333
178,726
183,639
175,515
178,422
121,459
123,663
167,435
168,903
133,070
118,486
76,587
53,855
39,714
41,840
35,611
31,294
28,591
29,688
28,230
41,832
46,172
37,328
49,324
42,597
53,239
32,159
Percentage of
Percentage of
Current Collections Total Collections
Total
To Total Taxes
to Total Taxes
Collected
Assessed
Assessed
3,601,671
3,492,302
3,470,163
3,022,286
2,922,729
2,103,450
2,022,740
2,066,141
1,814,164
1,554,396
1,504,903
1,357,551
1,270,750
1,167,605
1,105,998
1,032,367
983,639
867,211
836,221
758,319
725,123
727,448
687,702
707,121
675,970
667,353
556,169
90.8%
90.3%
91.9%
92.2%
93.4%
92.8%
92.9%
92.9%
87.7%
90.0%
90.4%
91.1%
92.6%
92.4%
95.5%
97.0%
94.9%
96.1%
95.2%
94.9%
93.6%
93.3%
89.2%
89.1%
89.0%
89.0%
89.3%
96.2%
95.1%
97.0%
97.9%
99.5%
98.4%
98.9%
101.3%
96.8%
98.4%
98.2%
96.5%
96.7%
95.7%
99.2%
100.4%
98.0%
99.4%
98.7%
98.6%
99.3%
99.7%
94.4%
95.8%
95.0%
96.8%
94.8%
104
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Schedule of Insurance
July 1, 2011 through July 1, 2012
Description
Company
Liability Limit
One Beacon
$1,000,000
7/1/2011
General liability
Affiliated FM
$3,000,000
7/1/2011
Property
Affiliated FM
$32,345,021
7/1/2011
One Beacon
$1,289,345
7/1/2011
Affiliated FM
$1,942,386
7/1/2011
Travelers
$500,000.00
7/1/2011
Employment practices
One Beacon
$1,000,000/$3,000,000
7/1/2011
Employee benefit
One Beacon
$1,000,000/$3,000,000
7/1/2011
Public officials E & O
One Beacon
$1,000,000/$3,000,000
7/1/2011
Law enforcement
One Beacon
$1,000,000/$3,000,000
7/1/2011
Umbrella
One Beacon
$10,000,000
7/1/2011
Travelers
$1,200,000
4/28/2011
Earthquake
Affilated FM
$47,000,000
7/1/2011
Flood
Affiliated FM
$47,000,000
7/1/2011
One Beacon
Actual cash value
7/1/2011
Auto liability
Contractors equipment
EDP equipment
Crime
Public official treasurer bond
Auto damage
Effective Date
105
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Net Assets by Componant
Nine Fiscal Years
(Accrual basis of accounting)
2003
Governmental activities
Invested in capital assets, net of related debt
Restricted
Unrestricted
Total government activities net assets
$
28,196,466
5,027,157
882,271
34,105,894
Fiscal Year
2005
2004
$
34,766,733
4,288,348
5,305,900
44,360,981
$
38,296,273
1,236,888
3,581,857
43,115,018
2006
$
44,714,801
957,335
2,750,596
48,422,732
2007
$
49,121,818
1,306,143
7,753,316
58,181,277
2008
$
56,355,612
1,466,818
5,082,933
62,905,363
2009
$
54,937,813
1,927,465
9,823,894
66,689,172
2010
$
56,223,597
1,507,322
11,037,290
68,768,209
2011
$
57,444,244
1,104,029
11,397,457
69,945,730
Business-type activities
Invested in capital assets, net of related debt
Restricted
Unrestricted
Total business-type activities net assets
21,681,600
457,347
12,150,962
34,289,909
23,088,803
3,403,743
9,741,765
36,234,311
27,144,412
1,814,605
11,903,414
40,862,431
28,236,523
342,458
16,402,993
44,981,974
29,045,387
509,729
18,985,297
48,540,413
29,413,419
44,676,742
(23,165,904)
50,924,257
30,371,865
19,792,271
118,029
50,282,165
24,982,222
780,940
24,844,906
50,608,068
41,068,585
688,409
9,026,278
50,783,272
Primary government
Invested in capital assets, net of related debt
Restricted
Unrestricted
Total primary government net assets
49,878,066
5,484,504
13,033,233
68,395,803
57,855,536
7,692,091
15,047,665
80,595,292
65,440,685
3,051,493
15,485,271
83,977,449
72,951,324
1,299,793
19,153,589
93,404,706
78,167,205
1,815,872
26,738,613
$ 106,721,690
85,769,031
46,143,560
(18,082,971)
$ 113,829,620
85,309,678
21,719,736
9,941,923
$ 116,971,337
81,205,819
2,288,262
35,882,196
$ 119,376,277
98,512,829
1,792,438
20,423,735
$ 120,729,002
$
$
$
$
Note: The City began to report accrual inforamtion when it implemented GASB Statement in fiscal year 2003
106
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Changes in Net Assets
Eight Fiscal Years
(Accrual basis of accounting)
2003
Expenses
Governmental activities:
General government
Public safety
Public improvements
Parks and recreation
Other
Interest on long-term debt
Total governmental activities expense
Business-type activities
Water and sewer
Building authority
Broadband
Total business-type activities expense
Total primary government expenses
Program Revenues
Governmental activities:
Fees, Fines and Charges for Services
General government
Public safety
Public improvements
Parks and recreation
Other
Operating grants and contributions
Capital grants and contributions
Total governmental activities programs revenues
Business-type activities:
Charges for services:
Water and Sewer
Building authority
Broadband
Capital grants and contributions
Total business-type activities program revenues
Total primary governmental program revenues
$
$
1,871,803
3,888,507
2,075,517
2,434,421
1,777,378
1,248,778
13,296,404
2004
$
2,816,323
3,361,504
1,610,032
2,210,089
2,042,400
1,170,424
13,210,772
Fiscal Year
2006
2005
$
2,411,173
3,858,693
2,543,259
2,242,693
2,397,979
1,463,550
14,917,347
$
2,528,811
3,870,707
837,327
2,561,160
3,138,093
1,319,465
14,255,563
2007
$
1,219,973
4,854,730
2,173,921
2,732,048
3,319,258
1,404,864
15,704,794
2008
$
2,879,228
5,006,464
2,387,601
3,634,641
2,972,697
1,097,556
17,978,187
2009
$
3,076,279
5,458,011
3,141,512
2,933,637
3,399,805
1,058,356
19,067,600
2010
$
2,788,774
5,086,498
3,644,624
3,773,652
2,673,129
1,023,842
18,990,519
2011
$
3,055,046
5,557,713
4,498,409
3,779,536
2,856,238
843,567
20,590,509
3,304,679
261,429
212,155
3,778,263
17,074,667
3,647,962
21,336
858,247
4,527,545
17,738,317
3,816,664
1,082,808
4,899,472
19,816,819
4,206,632
1,043,739
5,250,371
19,505,934
4,157,446
1,226,210
5,383,656
21,088,450
5,345,574
1,128,852
6,474,426
45,231,202
6,750,678
822,148
7,572,826
26,640,426
8,493,299
697,509
9,190,808
28,181,327
10,771,893
627,666
11,399,559
31,990,068
1,292,936
1,232,804
213,451
1,148,089
189,859
897,953
2,821,585
7,796,677
1,255,132
1,356,876
97,968
1,124,256
195,398
921,470
7,932,083
12,883,183
1,245,570
1,464,463
141,667
1,263,858
331,403
852,465
1,556,363
6,855,789
1,619,267
1,508,108
228,462
1,318,843
263,349
784,526
1,375,695
7,098,250
1,561,041
1,691,651
198,758
1,653,039
266,686
926,961
4,489,786
10,787,922
1,518,367
1,838,491
139,503
1,905,539
271,956
930,616
1,532,680
8,137,152
2,120,754
1,157,813
358,266
2,342,928
1,121,370
825,598
790,347
8,717,076
2,113,141
1,145,352
2,229,031
1,388,158
867,489
1,119,793
8,862,964
2,359,828
1,553,995
2,146,883
1,418,492
1,025,270
720,047
9,224,515
4,581,018
470,744
19,476
1,001,468
6,072,706
13,869,383
4,341,532
6,228
134,466
2,457,803
6,940,029
19,823,212
5,031,291
376,604
1,352,630
6,760,525
13,616,314
5,779,771
805,661
3,860,878
10,446,310
17,544,560
6,207,995
438,431
3,309,045
9,955,471
20,743,393
6,865,816
558,783
2,111,484
9,536,083
17,673,235
6,392,850
193,480
47,170
6,633,500
15,350,576
8,287,361
195,572
325,838
8,808,771
17,671,735
10,328,019
258,309
1,047,903
11,634,231
20,858,746
$
$
$
$
$
$
$
Note: The City began to report accrual inforamtion when it implemented GASB Statement in fiscal year 2003
107
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Changes in Net Assets (Continued)
Eight Fiscal Years
(Accrual basis of accounting)
2003
Net (Expense)/Revenue
Governmental activities
Business-type activities
Total primary government net expense
$
(5,499,727)
2,294,443
(3,205,284)
2004
$
(327,589)
2,412,484
2,084,895
Fiscal Year
2006
2005
$
(8,061,558)
1,861,053
(6,200,505)
$
(7,157,314)
5,195,939
(1,961,375)
2007
$
(4,916,872)
4,571,816
(345,056)
General Revenues and Other Changes in Net Assets
Governmental activities:
Taxes
Advalorem
Sales
Energy sales and use tax
Franchise
Interest income
Gain (loss) on sale/retirement of capital assets
Miscellaneous
Transfers
Total governmental activities
Business-type activities:
Interest income
Gain (loss) on disposal of capital assets
Transfers
Total business-type activities
Total primary government
2,849,484
3,354,306
855,840
169,957
144,835
9,946
322,983
1,590,700
9,298,051
2,988,294
3,659,898
893,057
203,165
157,465
29,598
323,018
2,328,181
10,582,676
3,136,952
4,225,068
1,060,076
416,704
240,687
9,875
376,020
(2,649,787)
6,815,595
3,252,007
4,810,204
1,257,056
518,352
611,079
(152)
826,216
1,190,267
12,465,029
4,234,198
5,755,237
1,153,990
590,746
706,141
83,058
991,045
1,161,000
14,675,415
55,596
(1,590,700)
(1,535,104)
7,762,947
123,929
1,412,366
(2,328,181)
(791,886)
9,790,790
117,280
2,649,787
2,767,067
9,582,662
113,871
(1,190,267)
(1,076,396)
11,388,633
147,622
(1,161,000)
(1,013,378)
13,662,037
Change in Net Assets
Governmental activities
Business-type activities
Total primary government
3,798,324
759,339
4,557,663
10,255,087
1,620,598
11,875,685
(1,245,963)
4,628,120
3,382,157
5,307,715
4,119,543
9,427,258
9,758,543
3,558,438
13,316,981
$
$
$
$
$
2008
$
(9,841,036)
3,061,657
(6,779,379)
2009
$
$
(10,127,555)
(382,037)
(10,509,592)
2011
$
(11,365,994)
234,672
(11,131,322)
4,247,794
6,041,850
1,314,569
587,619
648,178
12,000
552,111
1,161,000
14,565,121
5,164,096
5,406,026
1,354,933
617,639
335,917
(17,597)
(308,200)
12,552,814
5,269,656
4,935,413
1,421,454
615,502
106,389
77,678
(219,400)
12,206,692
5,290,281
5,095,374
1,390,990
539,928
89,923
38,919
98,000
12,543,415
483,187
(1,161,000)
(677,813)
13,887,308
109,035
308,200
417,235
12,970,049
120,607
367,933
219,400
707,940
12,914,632
38,530
(98,000)
(59,470)
12,483,945
4,724,085
2,383,844
7,107,929
2,202,290
(522,091)
1,680,199
2,079,137
325,903
2,405,040
1,177,421
175,202
1,352,623
.
$
(10,350,524)
(939,326)
(11,289,850)
2010
$
$
$
Note: The City began to report accrual inforamtion when it implemented GASB Statement in fiscal year 2003
108
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Fund Balances, Governmental Funds
Ten Fiscal Years
(Modified accrual basis of accounting)
2002
General Fund
Restricted
Unassigned
Total general fund
$
1,182,984
$ 1,182,984
All Other Governmental Funds
Restricted
$ 3,311,476
Assigned
Special Revenue Funds
Capital Projects Funds
Debt Service Funds
Non-Major Funds
Unreserved reported in:
Special Revenue Funds
649,384
Capital Projects Funds
281,762
Debt Service Funds
213,996
Non-Major Funds
Total all other governmental funds
$ 4,456,618
2003
$
$
$
$
2004
1,048,622
1,048,622
$
4,637,887
-
$
406,970
474,739
389,270
5,908,866
$
$
812,861
812,861
$
3,884,596
-
$
787,561
374,356
403,752
5,450,265
Fiscal Year
2006
2005
$
$
1,574,127
1,574,127
$
7,356,098
-
$
1,508,890
586,154
425,695
9,876,837
$
$
2,220,613
2,220,613
$
4,111,206
-
$
1,759,503
660,744
446,662
6,978,115
$
$
2007
2008
2009
2010
2011
2,350,589
2,350,589
$
2,474,680
$ 2,474,680
$
169,420
3,653,921
$ 3,823,341
$
3,887,377
$ 3,887,377
$
$
3,140,856
3,140,856
4,597,509
-
$ 5,453,366
-
$ 5,065,281
-
$ 5,501,891
-
$
3,598,813
1,831,379
658,504
463,019
7,550,411
1,917,834
690,420
483,410
$ 8,545,030
2,268,119
669,170
504,145
$ 8,506,715
2,269,405
670,268
517,479
$ 8,959,043
117,122
5,227,300
700,281
114,186
$
9,757,702
109
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Changes in Fund Balance, Governmental Funds
Ten Fiscal Years
(Modified accrual basis of accounting)
2002
2003
$ 7,135,280
467,288
891,315
1,179,771
622,325
325,216
276,953
669,667
$ 7,229,587
530,353
921,675
1,602,274
830,030
658,956
152,445
1,077,394
11,567,815
2004
2005
2006
2007
2008
2009
2010
2011
7,744,414
439,697
935,385
1,078,447
1,378,292
764,339
163,430
789,950
$ 8,838,800
432,302
861,015
1,086,322
1,675,957
790,189
240,687
851,816
$ 9,837,618
670,562
789,076
1,478,382
1,462,198
716,101
611,079
1,450,711
$ 11,734,171
556,086
927,211
1,577,596
1,762,935
850,084
706,141
1,698,327
$ 12,191,832
462,946
940,116
1,771,468
1,912,291
891,844
648,178
1,189,918
$ 12,347,622
241,239
811,147
2,782,303
2,651,013
882,910
335,917
569,260
$ 12,103,638
246,687
867,489
2,878,105
2,651,729
935,238
285,892
807,076
$ 12,462,621
395,073
1,025,270
3,349,109
2,534,847
940,839
89,923
1,054,168
13,002,714
13,293,954
14,777,088
17,015,727
19,812,551
20,008,593
20,621,411
20,775,854
21,851,850
1,733,640
2,824,613
9,300,816
640,932
2,209,850
3,328,020
6,867,737
2,996,159
2,124,967
1,691,839
2,231,881
5,598,317
2,428,270
3,738,045
1,935,054
2,203,220
4,000,342
3,121,368
3,711,251
2,293,468
2,196,983
4,650,053
1,661,359
6,007,688
3,077,608
2,401,722
4,695,437
2,227,988
4,258,419
3,136,265
2,793,653
5,052,321
2,311,420
3,413,440
2,884,400
2,973,960
5,087,931
3,001,146
3,574,683
2,771,964
2,761,209
4,945,498
3,154,699
3,434,488
2,531,317
3,028,195
6,015,410
4,038,424
3,434,680
2,734,006
1,034,300
1,000,530
18,744,681
1,542,620
1,111,133
19,662,475
1,234,300
1,065,618
18,231,485
5,443,708
1,481,042
22,254,399
2,401,000
1,309,229
21,303,920
2,324,000
1,223,904
20,267,735
2,407,572
1,124,990
19,987,796
2,118,000
1,026,699
20,554,383
2,143,000
1,099,881
20,070,092
2,222,000
858,174
22,330,889
(7,176,866)
(6,659,761)
(4,937,531)
(7,477,311)
(4,288,193)
(455,184)
20,797
67,028
705,762
(479,039)
Revenues
Taxes
Licenses, fees, and permits
Intergovernmental
Charges for services
Other fees and services
Fines and forfeitures
Interest income
Miscellaneous
Total Revenues
$
Expenditures
General government
Public safety
Public improvements
Parks and Recreation
Other
Debt service
Principal
Interest
Total expenditures
Excess of revenues
over (under)
expenditures
110
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Changes in Fund Balance, Governmental Funds (Coninued)
Ten Fiscal Years
(Modified accrual basis of accounting)
2002
2003
2004
2,500,000
4,103,759
(3,152,295)
5,900,544
4,843,070
(3,273,702)
1,321,038
7,665,700
(4,743,569)
3,451,464
7,469,912
4,243,169
2005
2006
2007
2008
2009
2010
2011
11,609,024
11,435,723.00
(11,435,723)
3,404,501
(2,348,376)
903,095
3,931,323
(2,798,462)
63,478
8,496,146
(7,402,168)
7,650,997
(6,553,083)
5,691,260
(5,999,460)
5,878,699
(6,098,099)
433,460
6,302,017
(6,204,017)
-
12,665,149
2,035,956
1,157,456
1,097,914
(308,200)
(219,400)
531,460
(241,172) $
486,362
Other Financing
Sources (Uses)
Proceeds from debt
Proceeds of refunding bonds
Payment to bond refunding escrow
Transfers in
Transfers out
Total other financing
sources (uses)
Net change in
fund balances
$
(3,725,402) $
810,151
$
(694,362) $
5,187,838
$
(2,252,237) $
702,272
$
1,118,711
$
$
52,421
111
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Assessed Value of Taxable Property
Ten Fiscal Years
Fiscal
Year
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Residential
Property
$
491,349,038
517,843,984
539,674,180
552,268,103
574,692,439
701,447,907
928,832,268
932,537,823
835,300,357
800,214,557
Commerical and
Industrial
Property
$
293,344,047
311,608,245
348,317,828
394,861,439
423,463,368
443,687,345
527,547,481
639,468,432
812,736,169
755,695,968
Agricultural
Property
$
16,064,389
19,121,864
16,668,329
16,127,181
14,613,139
14,712,287
13,605,654
14,358,487
5,040,067
2,849,791
Total Taxable
Assessed Value
$
800,757,474
848,574,093
904,660,337
963,256,723
1,012,768,946
1,159,847,539
1,469,985,403
1,586,364,742
1,653,076,593
1,558,760,316
Total
Direct Tax
Rate
0.00210
0.00240
0.00230
0.00230
0.00276
0.00273
0.00221
0.00243
0.00242
0.00263
Estimated Actual
Taxable Value
$
579,650,407
615,544,300
661,806,956
714,736,077
754,157,348
844,195,981
1,052,010,882
1,166,722,722
1,277,191,432
1,198,663,765
Taxable Assessed
Value as a Percentage
of Actual Taxable
Value
0.724
0.725
0.732
0.742
0.745
0.728
0.716
0.735
0.773
0.769
Source: Utah State Tax Commission - Property Tax Division, Utah County Assessor's Office
112
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Overlapping Property Tax Rates
Ten Fiscal Years
(Rate per $1,000 of assessed value)
City Direct Rates
Fiscal
Year
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Source:
City
Rates
Total
Direct
Rate
2.100
2.370
2.345
2.298
2.276
2.731
2.213
2.426
2.423
2.630
2.100
2.370
2.345
2.298
2.276
2.731
2.213
2.426
2.423
2.630
Overlapping Rates
Utah
County
1.040
1.030
1.053
1.065
1.040
1.079
0.843
0.809
0.878
1.108
Central Ut.
Water
Con.
District
0.370
0.360
0.358
0.353
0.000
0.357
0.302
0.286
0.400
0.421
Nebo
School
District
6.770
6.950
7.884
8.119
8.082
6.883
6.937
7.057
7.541
8.220
State
Assessing
and
Collecting
0.190
0.180
0.181
0.180
0.173
0.139
0.121
0.121
0.142
0.162
County
Asessing and
Collecting
0.180
0.170
0.177
0.180
0.178
0.044
0.036
0.175
0.183
0.024
North Utah
Co. Water
Conserv.
District
0.040
0.040
0.036
0.035
0.033
0.028
0.022
0.022
0.024
0.026
Utah County
113
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Principal Tax Payers
Current Year and Ten Years Ago
2011
Taxpayer
Taxable Assessed
Value
Wal-Mart Real Estate Business Trust
Pacificorp
AFCC II LLC
Qwest Corp
AFCC Limited
C&R North Pointe Building "C" LLC
HD Development of Maryland Inc
Target Corporation
Tropical Develepment LLC
C&R North Pointe Building "D" LLC
Pacificorp
Twin Laboratories Inc.
51-SPR-LLC
Northwood Properties LC
Wal-Mart Sotres Inc.
CPI bountiful Limited Partnership
K&G Hayashi Inc.
DJ Smith Invetments LC
Smith management Company
FRN of Greater Salt Lake City, LLC
$
Total
$
16,327,500
13,205,180
10,544,400
10,054,996
9,275,900
9,272,200
8,548,200
8,021,100
7,844,000
7,797,300
100,890,776
2001
Rank
Percentage of
Total City
Taxable
Assessed
Value
1
2
3
4
5
6
7
8
9
10
0.43%
0.34%
0.27%
0.26%
0.24%
0.24%
0.22%
0.21%
0.20%
0.20%
2.63%
Taxable Assessed
Value
$
9,770,032
7,102,296
4,980,214
4,878,787
4,467,528
3,977,083
3,672,275
3,614,747
3,547,915
3,354,473
$
49,365,350
Rank
Percentage
of Total City
Taxable
Assessed
Value
1
2
3
4
5
6
7
8
9
10
1.22%
0.89%
0.62%
0.61%
0.56%
0.50%
0.46%
0.45%
0.44%
0.42%
6.16%
Source: Utah County Assessors Office
114
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Property Tax Levied and Collections
Ten Fiscal Years
Collected within the Fiscal Year
of the Levy
Fiscal
Year
Ended
June 30,
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Tax Levied for
the Fiscal Year
$
1,579,871
1,875,014
1,980,106
2,044,935
2,136,675
2,937,118
3,057,731
3,086,682
3,671,498
3,757,932
Amount
$
1,421,326
1,645,261
1,838,706
1,899,077
1,981,991
2,744,307
2,846,771
2,846,771
3,313,576
3,398,338
Percentage
of Levy
89.96%
87.75%
92.86%
92.87%
92.76%
93.44%
93.10%
92.23%
90.25%
90.43%
Total Collections to Date
Collections in
Subsequent
Years
$
133,070
168,903
159,447
116,119
115,718
178,422
175,515
175,515
178,726
203,333
Amount
$
1,554,396
1,814,164
1,998,153
2,015,196
2,097,709
2,922,729
3,022,286
3,022,286
3,492,302
3,601,671
Percentage
of Levy
98.39%
96.75%
100.91%
98.55%
98.18%
99.51%
98.84%
97.91%
95.12%
95.84%
115
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Taxable Sales by Category
Nine Fiscal Years
2003
2004
2005
2006
Fiscal Year
2007
2008
2009
2010
2011
Retail/Grocery
Retail/Other
Utility/Communication
Auto dealers, recretional retail & supplies
Auto repair and maintenance
Clothing retail
Eating & drinking establishments
Home furnishings and appliances
Medical
Service stations & car washes
Hair care & dry cleaning
Photography, floral art, cultural and hobby
Fitness and entertainment
All other outlets
Utah State Tax- Motor Vehicle
$
282,087
787,873
44,112
1,235,737
49,109
15,598
219,038
3,560
32,534
65,489
9,496
30,723
68,086
346,155
57,482
$
265,998
1,084,854
140,223
1,392,437
41,864
15,595
223,197
5,684
31,050
64,045
10,621
59,519
79,607
349,828
56,513
$
227,357
1,656,677
264,485
1,380,026
42,333
141,393
306,495
6,578
20,274
79,010
13,797
48,362
69,035
338,197
61,286
$
207,241
1,944,409
281,423
1,552,083
61,669
246,079
431,051
13,257
19,988
77,351
14,632
60,631
115,850
361,411
58,127
$
208,635
2,204,484
310,666
1,882,319
56,246
323,766
509,587
20,923
22,617
91,330
16,027
64,716
171,015
542,200
77,566
$
288,505
2,467,609
357,358
1,758,422
67,439
372,684
546,021
11,887
22,225
93,598
14,757
49,741
196,406
649,633
64,000
$
273,233
2,379,523
495,226
1,309,429
65,560
357,133
575,192
13,998
107,933
74,787
17,932
34,309
128,197
612,718
65,945
$
173,693 $
1,921,978
376,882
1,222,546
56,302
542,276
589,222
9,526
29,016
69,936
14,262
33,747
185,103
679,163
60,156
164,928
1,894,014
393,468
1,416,855
56,982
378,211
622,355
10,442
37,209
80,071
18,296
44,886
143,186
856,067
50,631
Totals
$
3,247,079
$
3,821,035
$
4,655,305
$
5,445,202
$
6,502,097
$
6,960,285
$
6,511,115
$
5,963,808 $
6,167,601
City direct sales tax rate
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
Source: Utah State Tax Commission
Notes: Sales tax generated in American Fork City
All sales tax amounts reported here are shown on a cash-basis.
Sales tax shown here is reported on a POS (point of sale) basis; actual cash distributions will differ due to the distribution formula utilized by the State.
116
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Direct and Overlapping Sales Tax Rates
Ten Fiscal Years
Fiscal Year
American Fork
City Direct Rate
Utah County
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
0.25%
0.25%
0.25%
0.25%
0.25%
0.25%
0.25%
0.25%
0.25%
0.25%
State of
Utah
4.75%
4.75%
4.75%
4.75%
4.75%
4.75%
4.65%
4.70%
4.70%
4.70%
Mass
Transit
Tax
0.25%
0.25%
0.25%
0.25%
0.25%
0.50%
0.55%
0.80%
0.80%
0.80%
Sources: Utah State Tax Commission
http://www.tax.utah.gov/sales/rates.html
117
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Sales Tax Payers by Industry
Fiscal Years 2007 and 2011
Fiscal Year 2007
Number
of Filers
Percentage
of Total
Tax
Revenue
Fiscal Year 2011
Percentage
of Total
Number
of Filers
Percentage
of Total
Tax
Revenue
Percentage
of Total
Retail/Grocery
Retail/Other
Utility/Communication
Auto dealers, recretional retail & supplies
Auto repair and maintenance
Clothing retail
Eating & drinking establishments
Home furnishings and appliances
Medical
Service stations & car washes
Hair care & dry cleaning
Photography, floral art, cultural and hobby
Fitness and entertainment
All other outlets
Utah State Tax - Motor Vehicle
6
39
93
39
26
17
66
13
23
15
21
33
29
376
1
0.75%
4.89%
11.67%
4.89%
3.26%
2.13%
8.28%
1.63%
2.89%
1.88%
2.63%
4.14%
3.64%
47.18%
0.13%
$208,635
2,204,484
310,666
1,882,319
56,246
323,766
509,587
20,923
22,617
91,330
16,027
64,716
171,015
542,200
77,566
3.21%
33.90%
4.78%
28.95%
0.87%
4.98%
7.84%
0.32%
0.35%
1.40%
0.25%
1.00%
2.63%
8.34%
1.19%
20
80
116
57
32
75
92
14
118
17
28
28
42
1749
1
0.81%
3.24%
4.70%
2.31%
1.30%
3.04%
3.73%
0.57%
4.78%
0.69%
1.13%
1.13%
1.70%
70.84%
0.04%
$164,928
1,894,014
393,468
1,416,855
56,982
378,211
622,355
10,442
37,209
80,071
18,296
44,886
143,186
856,067
144,272
2.63%
30.25%
6.28%
22.63%
0.91%
6.04%
9.94%
0.17%
0.59%
1.28%
0.29%
0.72%
2.29%
13.67%
2.30%
Total
797
100.00%
$6,502,097
100.00%
2469
100.00%
$6,261,242
100.00%
Source: Utah State Tax Commission
Note: Due to confidentiality issues, the names of the ten largest revenue payers are not available. The categories presented are intended to provide alternative
information regarding the sources of American Fork City's revenue.
All sales tax amounts reported here are shown on a cash-basis, POS (point of sale).
Actual cash distributions will differ due to the distribution formula utilized by the State.
118
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Charges for Water Fees
Ten Fiscal Years
2002
Water Sales
Secondary Water
Other
Totals
$
2003
2004
2005
2006
Fiscal Year
2007
2008
2009
2010
2011
1,656,433
115,818
$
1,482,429
126,103
$
1,992,041
116,551
$
2,049,924
100,479
$
1,905,391
75,359
$
2,260,759
142,276
$
2,372,378
46,689
390,295
$
2,550,846
188,141
57,385
$
2,974,057
958,048
120,567
$
2,504,513
1,505,077
97,845
1,772,251
$
1,608,532
$
2,108,592
$
2,150,403
$
1,980,750
$
2,403,035
$
2,809,364
$
2,796,372
$
4,052,672
$
4,107,435
AMERICAN FORK CITY
Charges for Sewer and Storm Drain
Ten Fiscal Years
2002
Sewer Sales
Storm Drain Fees
Other
Totals
$
2003
2004
2005
2006
Fiscal Year
2007
2008
2009
2010
2011
1,705,146
230,458
54,078
$
1,865,785
232,459
51,700
$
1,874,704
238,341
41,108
$
1,965,361
276,819
60,114
$
2,253,234
340,612
159,821
$
2,324,741
422,614
143,862
$
2,391,085
481,005
129,587
$
2,426,065
546,283
51,278
$
2,846,165
546,647
76,234
$
4,319,004
725,766
78,172
1,989,682
$
2,149,944
$
2,154,153
$
2,302,294
$
2,753,667
$
2,891,217
$
3,001,679
$
3,023,626
$
3,469,046
$
5,122,942
Source: American Fork City
Note: Other includes: Other fees, Hook-up fees
119
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Ratios of Outstanding Debt by Type
Ten Years
(Dollars in thousands)
Governmental Activities
Fiscal
Year
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Notes:
General
Obligation
Bonds
Special
Revenue Assessme
Bonds
nt Bonds
Leases
$ 19,606
21,920
20,930
20,010
18,685
17,315
15,935
14,790
13,595
12,355
$
$
840
646
442
6,037
5,510
5,105
4,680
4,255
3,855
3,420
$
504
40
5,478
4,929
4,380
3,831
3,283
2,735
2,188
41
33
779
623
403
250
90
330
Business-type Activities
Other
$
2,700
3,963
321
367
904
926
875
General
Obligation
Bonds
Revenue
Bonds
$
$
1,029
839
634
464
254
209
45
47,069
47,024
46,460
Special
Assessment
Bonds
908
6,880
634
5,365
5,050
4,725
350
4,035
3,670
3,285
196
24
-
Leases
$
Other
-
$
7
6
4
3
1
-
106
89
85
Total Primary
Government
$
23,083
33,049
32,326
37,393
35,211
32,681
25,612
74,692
71,984
68,998
Details regarding the city's outstanding debt can be found in the notes to the financial statements.
See Demographic and Economic Statistics for personal income and population data.
120
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Direct and Overlapping Governmental Activities Debt
As of June 30, 2011
Government Unit
Debt Outstanding
Estimated
Percentage
Applicable
Estimated Share
of Direct and
Overlapping Debt
Debt repaid with property taxes
CUWCD 3, 4
Utah County
$
4,220,000
6,695,000
1.06%
4.63%
$
Subtotal, overlapping debt
354,711
City direct debt
Total direct and overlapping debt
Note:
44,732
309,979
-
12,355,000
$
12,709,711
(1) Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the
American Fork City. This schedule estimates the portion of the outstanding debt of those overlapping
governments that is borne by the residents and businesses. This process recognizes that, when
considering the City's ability to issue and repay long-term debt, the entire debt burden borne by the
residents and business should be taken into account. However, this does not imply that
every taxpayer is a resident-and therefore responsible for repaying the debt-of each
overlapping government.
(2) Central Utah Water Conservancy District's (CUWCD) outstanding general obligation bonds are
limited ad valorem tax bonds. By law CUWCD maylevy a tax rate of up to .000400 to pay for
operation and mainteance expenses and any outstanding ad valorum tax bonds.
(3) CUWCD is located in multiple counties. Overlapping debt is based solely on the portion of
value within City counderies.
(4) All portions of this American Fork City's outstanding general obligation debt related to
secondary irrigation bonds are supported by user fee revenues from water or sewer. The City's
portion of overlapping general obligation debt does not include "user fee revenue" supported general obligation debt.
(5) The State's general obligation debt is not included in overlapping debt because the State
currently levies no property tax for payment of general obligation bonds.
121
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Legal Debt Margin Information
Ten Fiscal Years
(Dollars in thousands)
Legal Debt Margin Calculation
Fiscal Year Ending June 2011
(dollars in thousands)
Assessed value
$
Debt limit (12% of assessed value)
Debt applicable to limit:
General obligation bonds
Less: Amount set aside for
repayment of general
obligation debt
Total net debt applicable to limit
$
Legal debt margin
$
Debt limit
$
Total net debt applicable to limit
Legal debt margin
Total net debt applicable to the limit
as a percentage of debt limit
2001
91,790
$
20,649
$
71,141
22.50%
2002
97,989
$
21,819
$
76,170
22.27%
2003
104,850
$
20,959
$
83,891
19.99%
2004
112,291
$
28,728
$
83,563
25.58%
Fiscal Year
2005
2006
118,253 $ 135,831
26,357
$
91,896
22.29%
$
23,222
$
112,609
2007
172,956
$
22,175
$
17.10%
150,781
12.82%
2008
186,565
$
68,029
$
118,536
36.46%
2009
194,373
$
66,889
$
127,484
34.41%
2010
182,945
$
65,698
$
117,247
35.91%
1,468,181
176,182
58,815
(247)
59,062
117,120
2011
176,182
59,062
$
117,120
33.52%
Source: Uah State Property Tax Division
Notes:
Under state finance law, the city's outstanding general obligation debt should not exceed 12% of total assessed property value.
Of this percent, a maximum of 4% may be used for general purpose. The remaining 8% and any unused portion of the 4% available for general
purpose up to a maximum of 12% may be used for water, sewer, and electrical projects.
122
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Pledged Revenue Coverage
Ten Fiscal Years
(Dollars in thousands)
Water Bonds
Debt Service
Fiscal
Year
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Utility
Service
Charge
$
4,402
4,766
4,342
5,244
5,195
6,208
6,866
6,309
8,015
9,875
Less:
Operating
Expenses
Net
Available
Revenue
Principal
Interest
$
$
$
$
3,600
4,130
4,489
5,730
5,591
5,018
6,050
6,749
7,524
8,578
802
636
(147)
(486)
(396)
1,190
816
(440)
491
1,297
175
185
190
200
210
45
45
45
45
564
32
25
18
11
4
157
2,059
2,196
2,196
Coverage
3.87
3.03
(0.71)
(2.30)
(1.85)
26.44
4.04
(0.21)
0.22
0.47
Special Assessment Bonds
Debt Service
Alpine/
Meadows
Special
Assessment
Bonds
Principal Interest Coverage
$
416
1,317
1,381
1,927
1,354
745
215
$
549
549
549
548
547
547
$
226
203
181
158
135
112
1.6994
1.8364
2.6397
1.9178
1.0924
0.3263
Sales Tax Increment Bonds
Debt Service
Sales &
Use Tax
$ 3,660
3,354
3,660
4,225
4,810
5,755
6,042
5,406
4,935
4,552
Principal
Interest
$
$
325
310
615
730
765
775
765
820
251
269
488
474
451
416
389
362
Coverage
0.00
0.00
6.35
7.30
4.36
4.78
4.97
4.54
4.28
3.85
Source: American Fork City
Notes: Details regarding the city's outstanding debt can be found in the notes to the financial statements. Operating expenses do not include
interest, depreciation, or amortization expenses.
123
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Demographic and Economic Statistics
Ten Calendar Years
Calender
Year
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Sources:
Population
22,669
23,042
23,421
23,806
24,198
24,596
25,001
25,412
26,263
26,695
Personal Income
(Federal AGI)
Per Capita
Personal
Income
343,415,593
$
344,448,888
365,730,392
408,579,652
477,883,707
502,510,106
481,847,897
461,425,096
442,968,092 *
425,249,368 *
15,149
14,949
15,615
17,163
19,749
20,431
19,273
18,158
NA
NA
Unemployment
Rate
6.9%
6.3%
5.7%
4.7%
3.4%
3.0%
4.4%
8.0%
9.1%
9.3%
Unemployment rate - www.bls.gov/data/home.htm
Personal income - www.tax.utah.gov/esu/income
* 2010 and 2011 personal income amounts not available
based on average increase/decreases from previous years
124
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Full-Time Equivilant City Employees by Function/Program
Ten Fiscal Years
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Function/Program
General government
Administration
1
Legal
Data Processing
Economic Development
Police
Officers
Civilians
Fire
Firefighters and officers
Ambulance
Civilians
Public Works
Building and Grounds
Building Inspections
Engineering
Fleet
Public Works Administration
Secondary Irrigation 1
Sewer
Storm Drain
Streets
Water
Planning
Parks and recreation 1
Cemetery
Recreation
Fitness
Parks
Boat Harbor
Library
Literacy
Broadband
Arts
Total
6.50
8.76
9.79
8.10
7.45
8.06
8.75
8.73
6.73
9.25
1.00
-
1.00
1.00
-
1.00
1.00
-
1.00
1.00
-
1.00
1.00
-
1.00
0.50
1.00
0.50
-
-
-
0.50
0.50
0.21
34.00
10.00
33.00
9.44
34.00
9.84
33.00
9.47
32.00
9.63
33.00
9.73
34.00
9.26
32.00
10.25
32.00
8.52
33.00
8.53
2.80
2.85
4.46
5.42
5.00
6.22
4.78
6.47
5.17
5.88
7.10
17.64
6.91
21.42
7.37
24.27
7.11
28.67
10.08
27.30
3.50
6.85
2.00
1.00
1.00
4.85
6.85
3.00
1.00
1.00
5.04
7.04
3.00
1.00
1.00
4.69
6.61
2.00
1.00
1.00
4.43
6.43
3.00
1.00
1.00
4.43
6.43
2.00
1.00
1.00
3.43
6.43
3.00
1.00
2.68
3.43
6.00
3.00
1.00
2.67
3.43
5.00
3.00
1.00
2.69
4.00
3.00
1.00
2.77
3.00
6.00
5.00
3.00
6.00
5.06
3.00
6.00
5.19
3.00
1.00
6.00
5.15
3.00
1.00
6.00
5.00
3.00
2.00
6.00
6.00
1.53
3.00
1.00
6.00
7.00
1.66
3.00
1.00
7.00
7.00
2.59
3.00
1.00
7.00
8.00
2.00
5.00
0.14
6.00
6.00
1.00
2.00
2.00
3.00
3.00
3.00
4.00
4.00
4.00
4.00
5.12
3.00
26.50
6.00
1.30
11.00
1.06
0.60
5.12
5.12
27.56
8.06
1.36
11.21
1.06
1.44
0.62
4.71
4.71
27.91
7.80
1.40
11.80
1.40
3.33
0.56
5.07
5.07
26.61
8.25
1.22
12.34
1.33
8.84
1.00
4.80
4.30
26.67
9.36
1.05
12.60
0.01
7.06
1.00
5.51
4.53
31.34
9.66
1.21
12.37
6.00
1.00
7.58
6.06
40.99
9.48
1.24
13.10
1.00
4.49
1.00
6.00
5.73
42.35
10.00
1.12
12.91
1.00
4.00
1.00
7.50
5.50
39.81
9.10
1.25
12.22
1.00
3.50
1.00
7.43
5.01
38.80
9.73
0.91
11.93
1.00
2.00
1.00
141.08
157.39
163.74
167.00
162.84
183.51
205.85
206.99
205.12
200.09
Source: American Fork City
1
New function breakout
Some changes in FT reflects re-allocation of departmental workforce
125
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Principal Employers
Current Year and Ten Years Ago
126
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Operating Indicators by Function/Program
Ten Fiscal Years
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Function/Program
General government
Building permits issued
Police
Physical arrests
Adults
Juveniles
Homicide
Rape
Robbery
Aggrevated Assault
Burglary
Larceny
Motor Vehicle Theft
Arson
Crime Rate/1000
Fire
Fires extinguished
Structural fires
Vehicle fires
Outside fires
All other fires
Public Works
Potholes repaired*
Parks and recreation
Cemetery Burials
Fitness center admissions
Water
New connections
Residential
Commercial
Water main breaks
Average daily consumption*
(thousands of gallons)
Library
Volumes in collection
Total volumes borrowed
394
440
369
626
452
463
466
354
263
737
411
5
7
24
128
706
45
39.85
857
346
4
19
162
786
53
2
43.29
1,082
430
2
1
13
170
772
47
2
44.02
1,395
335
7
3
17
175
858
52
1
49.72
774
309
1
10
1
17
144
755
71
1
46.79
1,450
442
7
6
16
246
744
60
31.73
1,244
446
1
5
5
23
145
840
44
5
30.14
1,516
510
10
8
17
222
1,041
39
2
36.57
1,287
512
8
10
16
162
969
43
4
31.77
7
7
26
-
18
21
38
2
16
15
27
-
14
10
13
3
17
10
21
-
18
13
31
3
18
16
64
3
9
8
14
-
19
7
10
26
299
1,112
363
1
7
15
18
186
795
27
1
13
7
19
5
23
135
143
151
157
151
143
174
159
136
161
157
152
5
237
228
9
147
137
10
154
117
37
216
196
20
228
214
14
149
134
15
67
55
12
52
48
4
70
63
7
97,584
247,840
95,156
267,668
96,332
226,666
98,354
254,546
102,608
272,402
101,645
260,219
102,787
300,633
1669.471
4626.463
3138.876
105,877
330,458
107,472
341,545
113,851
311,310
Sources: American Fork City
http://publicsafety.utah.gov/bci/crimestatistics.html
http://publicsafety.utah.gov/firemarshal
Utah State Fire Marshal Office
*Data prior to information for years listed, is not available.
127
AMERICAN FORK CITY
Statistical Section
AMERICAN FORK CITY
Capital Assets by Function/Program
Ten Fiscal Years
2002
2003
2004
2005
Fiscal Year
2006
2007
2008
2009
2010
2011
Function/Program
Police
Stations
1
1
1
1
1
1
1
1
1
Patrol units
32
32
32
32
32
32
32
32
32
Fire Stations
1
1
1
1
1
1
1
1
1
Public Works
Streets (miles)
99.05 100.75 102.23
103.54 104.01 104.04 104.26
Parks and recreation
Acreage
163
168
174
174
174
Playgrounds
8
8
8
31
31
31
31
31
31
Baseball/softball diamonds
11
11
11
11
11
11
11
11
11
Soccer/football fields
7
7
7
10
10
10
10
10
10
Flag footbal fields
6
6
6
6
8
8
8
8
8
Tackle football fields
1
1
1
1
1
1
1
1
1
Community centers
1
1
1
1
1
1
1
1
1
Water
Culinary Water Lines (miles)*
127.66 129.99 133.50 134.30 136.68 136.68 136.77
Irrigation Water Lines (miles)*
Irrigation line breaks*
Irrigation peak consumption (per minute)*
Irrigation average daily concumption (per minute)*
Storm Drain (miles)*
16.84
17.65
18.54
18.62
19.53
19.53
19.53
Sanitary sewers (miles)*
103.36 105.26 108.08 108.81 110.58 110.58 110.65
Average monthly sewer treatment
83.57
83.57
79.00
85.38
99.84 104.76
96.72
96.49 113.41
(millions of gallons; contract)
Fire Hydrants*
Upper pond storage capacity(million of gallons)*
Lower pond storage capacity (millions of gallons)*
1
43
1
105.30
174
31
11
10
8
1
1
136.84
120
5,650
22,000
10,000
19.59
110.67
111.09
1,111
5
10
Sources: American Fork City
*Data prior to information for years listed, is not available.
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AMERICAN FORK CITY
Thank you, from the Administration and Staff of American Fork City, for your interest in our City.
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