FY2016 CCDOA Financial Report as of 6302016.pdf - page 11

CLARK COUNTY DEPARTMENT OF AVIATION
CLARK COUNTY, NEVADA
FINANCIAL STATEMENTS
FOR THE FISCAL YEARS ENDED JUNE 30, 2016 AND 2015
TABLE OF CONTENTS
INTRODUCTORY SECTION
Letter of Transmittal..........................................................................................................................................................................1
Certificate of Achievement for Excellence in Financial Reporting.........................................................................................3
Organization Chart ..........................................................................................................................................................................4
FINANCIAL SECTION
Independent Auditor’s Report.......................................................................................................................................................7
Management's Discussion and Analysis.....................................................................................................................................10
Financial Statements:
Statements of Net Position ......................................................................................................................................................38
Statements of Revenues, Expenses, and Changes in Net Position..................................................................................40
Statements of Cash Flows .......................................................................................................................................................41
Notes to Financial Statements................................................................................................................................................43
Required Supplementary Information:
Schedule of Other Postemployment Benefits Funding Progress ....................................................................................121
Schedule of Proportionate Share of Net Pension Liability ...............................................................................................122
Schedule of Defined Benefit Plan Contributions...............................................................................................................123
Notes to Required Supplementary Information ................................................................................................................124
Supplementary Information:
Schedule of Insurance Coverage .......................................................................................................................................127
Schedule of Airport Revenue Bond Debt Service Coverage .........................................................................................128
Schedule of Cash Receipts and Disbursements - Restricted Accounts........................................................................129
Schedule of Operating Revenues and Expenses by Cost Center.................................................................................130
STATISTICAL SECTION
Overview of Information Provided in Statistical Section .......................................................................................................133
Summary of Changes in Net Position .......................................................................................................................................134
Schedule of Revenues, Expenses, and Changes in Net Position Budget vs. Actual........................................................135
Summary of Non-operating Income and Expenses...............................................................................................................136
Schedule of Airport Revenue Bond Debt Service Coverage ..............................................................................................137
Summary of Operating Revenues.............................................................................................................................................138
Summary of Restricted Revenues..............................................................................................................................................139
Ratios of Airport Revenue Bond Debt Service to Total Operating Revenues and Expenses .........................................140
Outstanding Debt Principal Balance by Type ........................................................................................................................141
Summary of Operating Expenses ..............................................................................................................................................142
Passenger and Operating Statistics ..........................................................................................................................................143
Visitor, Convention, and Room Statistics..................................................................................................................................144
Market Share of Air Carriers........................................................................................................................................................145
Per Passenger Calculations ........................................................................................................................................................146
Schedule of Net Position .............................................................................................................................................................147
Demographic and Economic Statistics....................................................................................................................................148
Principal Employers ......................................................................................................................................................................149
Full Time Equivalent Employees .................................................................................................................................................150
Nature, Volume, and Usage of Capital Assets .......................................................................................................................151
COMPLIANCE SECTION
Independent Auditor’s 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
.......152
Auditor’s Comments ....................................................................................................................................................................154
1...,2,3,4,5,6,7,8,9,10 12,13,14,15,16,17,18,19,20,21,...169
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