Accounting Report

CITY OF PROVIDENCE, RHODE ISLAND

COMPREHENSIVE ANNUAL FINANCIAL REPORT

Fiscal Year Ended June 30, 2011

City of Providence

Finance Department

xi   

Certificate of

Presented to

City of Providence

For its Comprehensive Annual

June 30, 2010

President

Executive Director

Financial Report for the Fiscal Year Ended

Reporting in Financial

for Excellence Achievement

Text38: Rhode Island

A Certificate of Achievement for Excellence in Financial Reporting is presented by the Government Finance Officers

Association of the United States and Canada to government units and public employee retirement

systems whose comprehensive annual financial reports (CAFRs) achieve the highest standards in government accounting

and financial reporting.

xiii

Other Other Capital Nonmajor

Neighborhood Federal Other Special Revenue Skating Proceeds Governmental Housing Funds PEDC PRA P&D Fund Rink WDO Fund Funds Totals

Revenues Departmental 81$ 7$ 7,047$ 496$ 419$ 10$ 8,060$ Intergovernmental 758 12,647 1,043$ 1,254 154$ 3,809 6,962 26,627 Investment and rental income 13 303 254 438 3,212 4,220 Other 278 40 325 290 522 215$ 1,670

Total Revenues 1,130 12,694 1,671 8,845 154 5,265 419 6,962 215 3,222 40,577

Expenditures Current:

Executive, legislative, and judicial 158 23 373 554 Finance Public safety 3,934 7,299 11,233 Recreation 345 411 756 Public lands and parks 545 496 1,041 Community development 324 12,609 1,660 2,539 58 92 17,282

Debt service Principal 53 5,363 5,416 Interest and other costs 1 475 476

Capital outlay 4,295 4,295 Total expenditures 324 12,609 1,714 12,672 58 5,074 411 7,299 23 869 41,053

Excess (deficiency) of revenue 806 85 (43) (3,827) 96 191 8 (337) 192 2,353 (476) over expenditures

Other Financing Sources (Uses) Transfers in 257 110 367 Transfers out (655) (2,000) (767) (3,422) Bond proceeds 17,350 17,350

Total other financing sources (uses 16,695 257 (2,000) (657) 14,295

Net change in fund balance (deficit 806 85 (43) 12,868 96 448 8 (337) (1,808) 1,696 13,819

Fund Balance (deficit), beginning of year, as restated 7,326 (1,286) 12,224 (1,439) 45 2,194 (47) 35 13,021 13,082 45,155

Fund Balance (deficit), end of year 8,132 (1,201) 12,181 11,429 141 2,642 (39) (302) 11,213 14,778 58,974

66

CITY OF PROVIDENCE, RHODE ISLAND

Combining Statement of Revenues, Expenditures, and Changes in Fund Balanc Nonmajor Governmental Funds

June 30, 2011 (in thousands)