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INTRODUCTORY SECTION

     Letter of Transmittal

1-4

     GFOA Certificate of Achievement

5

     Organization Chart

7

     Elected and Appointed Officials

9

FINANCIAL SECTION

     Independent Auditors' Report

11-12

     Management’s Discussion and Analysis

13-18

  Basic Financial Statements

          Government-Wide Financial Statements

               Statement of Net Assets

19

               Statement of Activities

20-21

          Fund Financial Statements

               Governmental Funds:

                    Balance Sheet

24-25

                    Statement of Revenues, Expenditures and Changes in Fund Balances

26-27

                    Reconciliation of the Statement of Revenues, Expenditures and Changes in

                         Fund Balances of Governmental Funds to the Statement of Activities

29

                    Statement of Revenues, Expenditures, and Changes in Fund Balance

                         Budget and Actual – General Fund

30-31

               Proprietary Funds:

                    Statement of Net Assets

32-33

                    Statement of Revenues, Expenses and Changes in Net Assets

34-35

                    Statement of Cash Flows

36-37

               Notes to the Financial Statements

39-58

     Combining Statements

          Nonmajor Governmental Funds:

               Combining Balance Sheet

60-61

               Combining Statement of Revenues, Expenditures and Changes in Fund Balances

62-63

               Combining Balance Sheet – Nonmajor Special Revenue Funds

66-67

               Combining Statement of Revenues, Expenditures and Changes in Fund Balances -

                    Nonmajor Special Revenue Funds

68-69

          Nonmajor Enterprise Funds:

               Combining Statement of Net Assets

72

               Combining Statement of Revenues, Expenses and Changes in Net Assets

73

               Combining Statement of Cash Flows

74

          Internal Service Funds:

               Combining Statement of Net Assets

76

               Combining Statement of Revenues, Expenses and Changes in Net Assets

77

               Combining Statement of Cash Flows

78

          Capital Assets Used in the Operation of Governmental Funds

               Schedule by Function and Activity

80-81

               Schedule of Changes by Function and Activity

82

          Supplementary Financial Information:

               Combined Schedule of Bonds Payable – All Fund Types

84-89

               Schedule of Insurance in Force

90-91

STATISTICAL SECTION

     General Governmental Expenditures by Function

93

     General Governmental Revenue by Source

94

     General Governmental Tax Revenues by Source

95

     Property Tax Levies and Collections

96

     Tax Capacity and Estimated Value of Taxable Property

97

     Property Tax Rates and Tax Levies – Direct and Overlapping Governments

98

     Special Assessment Collections Certified to County

99

     Ratio of Net General Bonded Debt to Tax Capacity and Net Bonded Debt
       Per Capita

100

     Computation of Direct and Overlapping Debt

101

     Computation of Legal Debt Margin

102

     Ratio of Annual Debt Service Expenditures for General Bonded Debt to
       Total General Expenditures

103

     Schedule of Water Fund Bond Coverage

104

     Schedule of Sewage Disposal Fund Bond Coverage

105

     Industrial Development Revenue Bonds and Notes

106

     Demographic Statistics from U.S. Census Data
       1980-1990-2000

107

     Property Value and New Construction

108

     Principal Taxpayers

109

     Miscellaneous Statistical Data

110