4 - City of Cerritos

City of Cerritos
Comprehensive Annual Financial Report
For the year ended June 30, 2011
Table of Contents
Page
INTRODUCTORY SECTION
City Manager and Director of Administrative Services Letter of Transmittal ................................................. i
Principal Officials ...................................................................................................................................................... vi
Organization Chart.................................................................................................................................................... vii
GFOA Certificate of Achievement for Excellence in Financial Reporting ........................................................ viii
FINANCIAL SECTION
Independent Auditors’ Report ............................................................................................................................... 1
Management’s Discussion and Analysis (Unaudited) ...................................................................................... 3
Basic Financial Statements:
Government-wide Financial Statements:
Statement of Net Assets ............................................................................................................................... 17
Statement of Activities ................................................................................................................................. 18
Fund Financial Statements:
Governmental Fund Financial Statements:
Balance Sheet .......................................................................................................................................... 22
Reconciliation of the Governmental Funds Balance Sheet
to the Government-Wide Statement of Net Assets ..................................................................... 23
Statement of Revenues, Expenditures and
Changes in Fund Balances ............................................................................................................. 24
Reconciliation of the Governmental Funds Statement of Revenues,
Expenditures and Changes in Fund Balances to the Government-Wide
Statement of Activities and Changes in Net Assets ................................................................... 25
Proprietary Fund Financial Statements:
Statement of Net Assets ........................................................................................................................ 28
Statement of Revenues, Expenses and Changes in Net Assets ....................................................... 29
Statement of Cash Flows ....................................................................................................................... 30
Notes to Basic Financial Statements ............................................................................................................... 33