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COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR)
City of Knoxville, Tennessee
For the Fiscal Year Ended June 30, 2004
Knoxville, Tennessee
Prepared by the Department of Finance and Accountability
Christopher P. Kinney - Director and James E. York - Deputy Director
Click on the pertinent page name to view information.
These files are in PDF format and require the Free Adobe Acrobat Reader for viewing.

TABLE OF CONTENTS
INTRODUCTORY SECTION
  Letter of Transmittal i-vi
  Certificate of Achievement for Excellence in Financial Reporting 2003 viii
  Officials of the City of Knoxville, Tennessee ix
  Organization Chart x
FINANCIAL SECTION
  Independent Auditor's Report 1-2
  Management's Discussion and Analysis 3-18
  Basic Financial Statements:
    Government-wide Financial Statements:
      Statement of Net Assets 19
      Statement of Activities 20-21
    Fund Financial Statements:
      Balance Sheet - Governmental Funds 22
      Reconciliation of Total Governmental Fund Balance to Net Assists of Governmental Activities 23
      Statement of Revenues, Expenditures, and Changes in Fund Balance - Governmental Funds 24
      Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities 25
      Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - GAAP Basis - General Fund 26
      Statement of Net Assets - Proprietary Funds 27
      Statement of Revenues, Expenses and Changes in Net Assets - Proprietary Funds 28
      Statement of Cash Flows - Proprietary Funds 29
      Statement of Fiduciary Net Asssets - Fiduciary Component Unit 30
      Statement of Changes in Fiduciary Net Assets - Fiduciary Component Unit 31
    Notes to Financial Statements:
      Note 1 - Summary of Significant Accounting Policies 32-37
      Note 2 - Reconciliation of Government-wide and Fund Financial Statements 38
      Note 3 - Stewardship, Compliance and Accountability 39
      Note 4 - Deposits and Investments 39-43
      Note 5 - Receivables 43
      Note 6 - Leases Receivable 44
      Note 7 - Capital Assets 45-46
      Note 8 - Interfund Receivables and Payables 47
      Note 9 - Long-term debt 48-56
      Note 10 - Leases 56
      Note 11 - Fund Balances Designated for Future Use 57
      Note 12 - Risk Management 57-59
      Note 13 - Segment Information 59-62
      Note 14 - Joint Ventures 62-63
      Note 15 - Management Agreements 63-64
      Note 16 - Commitments and Contingencies 64-67
      Note 17 - Post-retirement Benefits 67
      Note 18 - Business and Credit Concentrations 67
      Note 19 - Transfers 68
      Note 20 - Retirement and Disability Plans 68-72
      Note 21 - Related Party Transactions 72
      Note 22 - Prior Period Adjustment 73
  Required Supplementary Information:
    Schedule of Funding Progress - City Employee's Pension Plan 74
    Schedule of Funding Progress - Knoxville Utilities Board Pension Plan 75
    Schedule of Funding Progress - Firemen and Policemen Pension Act of 1929 75
Explanation: Nonmajor Governmental Funds - Special Revenue Funds
  Combining and Individual Fund Statements and Schedules:
      Combining Balance Sheet 76-77
      Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Governmental Funds 78-79
    Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - GAAP Basis:
      Budgeted Nonmajor Special Revenue Funds
80-84
      Debt Service Fund 85
    Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - from Inception - Capital Projects Fund 86
Explanation: Nonmajor Enterprise Funds
    Combining Statement of Net Assets - Nonmajor Enterprise Funds 87
    Combining Statement of Revenues, Expenses and Changes in Net Assets - Nonmajor Enterprise Funds 88
    Combining Statement of Cash Flows - Nonmajor Enterprise Funds 89
Explanation: Internal Service Funds
    Combining Statement of Net Assets - Internal Service Funds 90
    Combining Statement of Revenues, Expenses and Changes in Net Assets - Internal Service Funds 91
    Combining Statement of Cash Flows - Internal Service Funds 92
    Capital Assets Used in the Operation Governmental Funds:
      Schedule by Source 93
      Schedule by Function and Activity 94
      Schedule of Changes by Function and Activity 95
    Schedule of Long-term Bonds and Notes Payable Requirements by Issue 96-97
    Schedule of Revenue Detail - General Fund 98
    Schedule of Revenue and Expenditure Detail - State Street Aid 99
    Schedule of Assets, Liabilities and Fund Balance - Drug Sub-fund 100
    Schedule Revenue and Expenditure Detail - Drug Sub-fund 101
    Schedule of Property Taxes Receivable 102
    Schedule of Insurance in Force 103
    Schedule of Investments 104-105
STATISTICAL SECTION
  Expenditures by Function - Last Ten Years - General Fund 106
  Revenues by Source - Last Ten Years - General Fund 107
  Property Tax Levies and Collections - Last Ten Years 108
  Assessed and Estimated Actual Value of Taxable Property - Last Ten Years 109
  All Property Tax Rates - Direct and Overlapping Governments - Last Ten Years 110
  Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita - Last Ten Years 111
  Legal Debt Margin 111
  Computation of Direct and Overlapping Debt 112
  Ratio of Annual Debt Service Expenditures for General Obligation Bonded Debt to Total General Fund Expenditures - Last Ten Years 113
  Revenue Bond Coverage - Last Ten Years 114
Demographic Statistics:
    Population 115
    Per Capita Personal Income - Last Ten Years 116
    Unemployment Data - Last Ten Years 117
    Assessment Classifications 118
    Manufacturers With Largest Employment 119
    Utility Connections - Last Ten Years 120
  Property Values and Construction - Last Ten Years 121
  Principal Taxpayers 122
  Salaries of Principal Officials 123
  Miscellaneous Statistics 124
  General Fund Revenues, Expenditures, Transfers and Fund Balance - Last Five Years 125
COMPLIANCE SECTION
  Schedule of Federal and State Awards 126-129
  Report on Internal Control Over Financial Reporting and on Compliance and other Matters Based on an Audit of Financial Statements Performed With Government Auditing Standards 130
  Report on Compliance with Requirements Applicable to Each Major Program and Internal Control Over Compliance in Accordance with OMB Circular A-133 131-132
  Schedule of Findings and Questioned Costs 133-138

Information in the CAFR has not been updated for developments subsequent to the date of the independent auditor's report.
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