I was asked to put together a graph showing the aggregate change in the Fund Balances that may have previously qualified to be included in the CIP Rollover Program.
As I explained in a earlier post, the previous (or current??) CIP Policy seems to be vague and ambiguous as to which Funds should actually be included in the CIP Rollover process. I included the 4 Funds that I thought fit under either the 2004 CIP Policy or the 2005-2018 CIP Policy.
I selected the years 2018 and 2022 for the comparison as 2019 appears to be the year when the County stopped completing a “CAFR” (Comprehensive Annual Financial Report)1 and stopped following the previous CIP Rollover practice.
The CAFR included a Schedule 2 “Changes in Net Position, Last Ten Fiscal Years”. With Schedule 2 included, the rapid increases in Fund Balance since 2018 would have been quickly obvious to many individuals reviewing the financial statements.
- 2018 CAFR (Comprehensive Annual Financial Report)
2019 Audited Financial Statement
2022 Audited Financial Statement ↩︎