Comprehensive Annual Financial Report

County of Hanover, Virginia
For the Year Ended June 30, 2008

The Comprehensive Annual Financial Report (CAFR) is a detailed presentation of the County's financial position and activities for the fiscal year and is organized in four main sections. The Introductory Section includes a financial overview and an organization chart for the County's government. The Financial Section includes the independent auditors' report, management's discussion and analysis, audited basic financial statements and notes, and the underlying combining and individual fund financial statements and schedules, including the Schedule of Expenditures of Federal Awards. The Statistical Section contains selected economic, financial trend and demographic information on a multi-year basis. The Compliance Section includes the independent auditors' reports on compliance and internal control.

• Introductory Section
• Financial Section
• Statistical Section
• Compliance Section
   
• Entire 2008 Annual Report - all sections combined (1.7 Mb)

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Table Of Contents

Cover & Table of Contents (236K)

Introductory Section

Letter of Transmittal (292K)
GFOA Certificate of Achievement (303K)
Organizational Chart (232K)
Directory of Principal Officials (227K)

Financial Section

Independent Auditor's Report (242K)
Management's Discussion and Analysis (287K)

 

Basic Financial Statements:

Government-wide Financial Statements (235K)
Fund Financial Statements (240K)
Notes to the Financial Statements (358K) 

Required Supplementary Information :

Schedules of Funding Progress – Virginia Retirement System and Retiree Medical Benefits Trust (331K)

Other Supplementary Information -
Combining and Individual Fund Statements and Schedules:

County Improvements Fund (229K)
School Improvements Fund (226K)
Nonmajor Governmental Funds (240K)
Internal Service Funds (237K)
Agency Funds (234K)
Discretely Presented Component Unit-School Board (247K)
Discretely Presented Component Unit-Economic Development Authority (232K)
Schedule of Expenditures of Federal Awards and Notes (267K)

Statistical Section

Financial Trends Information:

Net Assets by Component
Changes in Net Assets
Fund Balances, Governmental Funds
Changes in Fund Balances, Governmental Funds

Revenue Capacity Information:

Assessed Value and Estimated Actual Value of Taxable Property
Direct and Overlapping Property Tax Rates
Principal Property Tax Payers
Property Tax Levies and Collections

Debt Capacity Information:

Ratios of Outstanding Debt by Type, and Self-Imposed Debt Limit Information
Direct and Overlapping Governmental Activities Debt
Pledged Revenue Coverage

Demographic and Economic Information :

Demographic Statistics
Principal Employers

Operating Information:

Full-time Equivalent Government Employees by Function
Operating Indicators by Function
Capital Asset Statistics by Function

Compliance Section

Reports on Compliance and Schedule (309K)

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