CITY OF FLORENCE, ALABAMA ELECTRICITY, GAS, AND WATER AND WASTEWATER DEPARTMENTS FINANCIAL STATEMENTS JUNE 30, 2005 and 2004 CITY OF FLORENCE, ALABAMA ELECTRICITY, GAS, AND WATER AND WASTEWATER DEPARTMENTS JUNE 30, 2005 and 2004 TABLE OF CONTENTS PAGEManagement’s Discussion and Analysis i – xii Independent Auditors' Report 1 Financial Statements: Electricity Department Balance Sheets 2 Statements of Revenues, Expenses, and Changes in Fund Net Assets 3 Statements of Cash Flows 4 – 5 Gas Department Balance Sheets 6 7 8 – 9 Water and Wastewater Department Balance Sheets 10 Statements of Revenues, Expenses, and Changes in Fund Net Assets 11 Statements of Cash Flows 12 – 13 Notes to Financial Statements 14 – 34 Required Supplementary Information: Electricity Department Schedule of Revenues, Expenses, and Changes in Fund Net Assets— Budget and Actual (GAAP Budgetary Basis) 35 Gas Department 36 Water and Wastewater Department 37 Pension Schedule Schedule of Funding Progress 38 Supplementary Schedules: Graphical Representation: Source of Funds 39 Use of Funds 40 Electricity Department Schedule of Utility Plant in Service and Accumulated Depreciation 41 Gas Department 42 Water and Wastewater Department Schedule of Revenues and Expenses—Killen System 43 44 ...
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