2007 Comprehensive Annual Financial Report The Comprehensive Annual Financial Report (CAFR) is the County's official annual presentation of financial statements. The report consists of three basic sections. The Introductory Section provides general information on the County's incorporation, form of government, major initiatives and accounting systems and budgetary control. The Financial Section contains the independent auditor's report, the Management's Discussion and Analysis - a narrative introduction, overview, and analysis of the County's overall financial position and results of operations, and the basic financial statements, including required note disclosures. The Statistical Section provides a variety of trend data covering key financial indicators from the past several fiscal years, as well as other demographic and miscellaneous statistical data useful in assessing the County's financial condition.

» Table of Contents  [540 KB]
INTRODUCTORY SECTION
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Letter of Transmittalix
Certificate of Achievement for Excellence in Financial Reportingx
List of Principal Officialsxi
Organizational Chartxii
FINANCIAL SECTION
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Independent Auditors' Report1-2
Management's Discussion and Analysis3-16
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Audited Basic Financial Statements
» pp. 1-84  [6.07 MB]
Statement of Net Assets (Government-Wide)17-19
Statement of Activities (Government-Wide)20
Balance Sheets – Governmental Funds21-23
Statements of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds24-26
Balance Sheets – Proprietary Funds21-23
Statements of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds24-26
Balance Sheets – Proprietary Funds27-28
Statements of Revenues, Expenses and Changes in Net Assets – Proprietary Funds29-30
Statements of Cash Flows – Proprietary Funds31-32
Statement of Fiduciary Net Assets – Fiduciary Funds33
Notes to Financial Statements34-84
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Required Supplementary Information
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Budgetary Comparison Statement – General Fund85-88
Budgetary Comparison Statement – Hospitality 1.5 % fund89
Required Supplementary Information for Governments that use the Modified Approach for Infrastructure Assets90-91
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Other Financial Information
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Combining Non-Major Governmental Financial Statements:
Combining Balance Sheets – Non-Major Governmental Funds92
Combining Statements of Revenues, Expenditures and Changes in Fund Balance – Non-Major Governmental Funds93
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Individual Fund Financial Statements
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General Fund:
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Balance Sheets94
Schedules of Revenues, Expenditures and Changes in Fund Balances – Budget (GAAP Basis) and Actual95-110
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Special Revenue Funds:
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Combining Balance Sheet-Non-Major Special Revenue Funds111-112
Combining Statement of Revenues, Expenditures and Changes in Fund Balance – Non-Major Special Revenue Funds113-114
Balance Sheets – Fire Special Revenue Fund115
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Fire Special Revenue Fund116
Balance Sheets – Accommodations Tax Special Revenue Fund117
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Accommodations Tax Special Revenue Fund118
Balance Sheets - Waste Management Recycling Special Revenue Fund119
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Waste Management Recycling Special Revenue Fund120
Balance Sheets – Watershed Special Revenue Fund121
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Watershed Special Revenue Fund122
Balance Sheets – Mt. Gilead Special Revenue Fund123
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Mt. Gilead Special Revenue Fund124
Balance Sheets – Socastee Recreation Special Revenue Fund125
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Socastee Recreation Special Revenue Fund126
Balance Sheets – Road Maintenance and CTC Special Revenue Fund127
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Road Maintenance and CTC Special Revenue Fund128
Balance Sheets – Beach Nourishment Special Revenue Fund129
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Beach Nourishment Special Revenue Fund130
Balance Sheets – Grants Special Revenue Fund131
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Grants Special Revenue Fund132
Balance Sheets – Admissions Tax Special Revenue Fund133
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Admissions Tax Special Revenue Fund134
Balance Sheets – Hospitality Fee 1.0% Special Revenue Fund135
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Hospitality Fee 1.0% Special Revenue Fund136
Balance Sheets – Victim Witness Assistance Special Revenue Fund137
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Victim Witness Assistance Special Revenue Fund138
Balance Sheets – Senior Citizens Special Revenue Fund139
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Senior Citizens Special Revenue Fund140
Balance Sheets – Railroad Special Revenue Fund141
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Railroad Special Revenue Fund142
Balance Sheets – Arcadian Shores Special Revenue Fund143
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Arcadian Shores Special Revenue Fund144
Balance Sheets – CDBG Revolving Loan Special Revenue Fund145
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – CDBG Revolving Loan Special Revenue Fund146
Balance Sheets – Stormwater Management Special Revenue Fund147
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Stormwater Management Special Revenue Fund148
Balance Sheets – GIS/IT Special Revenue Fund149
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – GIS/IT Special Revenue Fund150
Balance Sheets – Multi-County Business Park Special Revenue Fund151
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Multi-County Business Park Special Revenue Fund152
Balance Sheets – Local Accommodations Tax Special Revenue Fund153
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Local Accommodations Tax Special Revenue Fund154
Balance Sheets – Recreation Special Revenue Fund155
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Recreation Special Revenue Fund156
Balance Sheets – E-911 Special Revenue Fund157
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – E -11 Special Revenue Fund158
Balance Sheets – Industrial Parks Special Revenue Fund159
Schedules of Revenues, Expenditures, and Changes in Fund Balance (GAAP Basis) and Actual Industrial Parks Special Revenue Fund160
Balance Sheets – Hospitality Fee 1.5% Special Revenue Fund161
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Hospitality Fee 1.5% Special Revenue Fund162
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Capital Projects Fund:
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Combining Balance Sheet – Non-Major Capital Projects Funds163
Combining Statement of Revenues, Expenditures and Changes in Fund Balance - Non-Major Capital Projects Funds164
Balance Sheets – Capital Projects Sales Tax Fund165
Schedules of Revenues, Expenditures, and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Capital Projects Sales Tax Fund166
Balance Sheets – Developer Contributions Capital Projects Fund167
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Developer Contributions Capital Projects Fund168
Balance Sheets – General Improvement Capital Projects Fund169
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – General Improvement Capital Projects Fund170
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Debt Service Funds:
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Combining Balance Sheet – Non-Major Debt Service Funds171
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Non-Major Debt Service Funds167-172
Balance Sheets – General Debt Service Fund173
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – General Debt Service Fund174
Balance Sheets – Higher Education Debt Service Fund175
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Higher Education Debt Service Fund176
Balance Sheets – Horry – Georgetown TECH Debt Service Fund177
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Horry – Georgetown TECH Debt Service Fund178
Balance Sheets – Special Obligation Debt Service Fund179
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – Special Obligation Debt Service Fund180
Balance Sheets – RIDE Program Debt Service Fund – Major Fund181
Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget (GAAP Basis) and Actual – RIDE Program Debt Service Fund – Major Fund182
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Proprietary (Enterprise) Fund:
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Balance Sheets – Department of Airports Enterprise Fund183-184
Statements of Revenues, Expenses and Changes in Net Assets – Department of Airports Enterprise Fund185-186
Statements of Cash Flows – Department of Airports Enterprise Fund187-188
Balance Sheets – Baseball Stadium Enterprise Fund189
Statements of Revenues, Expenses and Changes in Net Assets – Baseball Stadium Enterprise Fund190
Statements of Cash Flows – Baseball Stadium Enterprise Fund191
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Internal Service Fund:
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Balance Sheets – Fleet Service Internal Service Fund192
Statements of Revenues, Expenses and Changes in Net Assets – Fleet Service Internal Service Fund193
Statements of Cash Flows – Fleet Service Internal Service Fund194
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Fiduciary (Agency) Fund:
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Combining Statement of Changes in Assets and Liabilities – All Agency Funds195-199
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Capital Assets Used in the Operation of Governmental Funds:
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Schedules of Capital Assets Used in the Operation of Governmental Funds by Source200
Schedule of Capital Assets Used in the Operation of Governmental Funds by Function and Activity201
Schedule of Changes in Capital Assets Used in the Operation of Governmental Funds by Function and Activity202
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Victim's Rights:
» pp. 163-203  [1.79 MB]
Schedules of Court Fines, Assessments and Surcharges203
STATISTICAL SECTION
(Unaudited and Not Covered by The Report of Independent Auditors)
» pp. 204-226  [1.03 MB]
Net Assets by Component204
Changes in Net Assets205-206
Fund Balances of Governmental Funds207
Changes in Fund Balances of Governmental Funds208-209
Assessed Value and Estimated Actual Value of Taxable Property 210
Property Tax Rates211-212
Principal Property Taxpayers213
Property Tax Levies and Collections214
Ratios of Outstanding Debt by Type215
Ratios of General Bonded Debt Outstanding216
Direct and Overlapping Governmental Activities Debt217
Legal Debt Margin Information218
Pledged-Revenue Coverage219
Demographic and Economic Statistics220
Principal Employers221
Gross Retail Sales Figures222
Full-Time Equivalent Government Employees by Function223
Operating Indicators by Function224-225
Capital Asset Statistics by Function226
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