HomeMy WebLinkAbout1986 ACFRThe City has operated under the Council/Manager form of government
since May 5, 1964. The City Manager is appointed by the City
Council and is responsible to the City Council for the proper
administration of all aspects of City operations.
Councilmembers are elected every four years through city-wide
elections. The Council is comprised of seven members, one of whom
is selected by the members to serve as Mayor for a two-year term.
Councilmembers are part-time elected officials who exercise
legislative authority and determine matters of policy for the
City.
The City provides a full range of services normally associated
with a municipality . These services include police and fire
protection, ambulance service, parks and recreational activities,
street maintenance and construction, planning and zoning, and
general administrative services. The City also owns and operates
a water/sewer system, a full-length 18-hole golf course, and a
cemetery.
FORMAT OF REPORT {CAFR}
The Governmental Accounting Standards Board (GASB) and its
predecessor, the National Council on Governmental Accounting
(NCGA) have become the recognized authorities on generally
accepted accounting principles applicable to governmental
accounting. The CAFR has been prepared to comply with the current
standards of governmental accounting set forth by these bodies.
It conforms with the "pyramid" approach to governmental financial
reporting. This "reporting pyramid" presents financial data in
terms of increasing levels of detail as necessary to report the
financial position and operating results of the City's individual
funds and account groups, to demonstrate compliance with finance-
related legal and contractual requirements and to assure adequate
disclosure at the individual fund enti~y level.
The CAFR is divided into four sections:
An Introductory Section which contains this transmittal letter,
an organizational chart for the City, and a list of principal
City officials;
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DEBT SERVICE FUNDS
Debt Service Funds are used to accumulate resources and pay
principal and interest on voter-approved general obligation debt.
Non-voter-approved, revenue, and special assessment debt are
accounted for in various other funds.
1971 G.O, Bridge Bond Fund -accounts for special levy property
tax to meet debt service requirements on bonds issued for the
construction of the Intercity Cable Bridge linking Pasco and
Kennewick.
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