audit 2004

CITY OF STURGIS, MICHIGANFINANCIAL REPORTWITH SUPPLEMENTAL INFORMATIONSEPTEMBER 30, 2004CITY OF STURGISTABLE OF CONTENTS PAGEIndependent Auditor's Report 1-2Management's Discussion and Analysis 3-12Basic Financial StatementsGovernment-Wide Financial Statements:Statement of Net Assets 13Statement of Activities 14Fund Financial Statements:Governmental Funds:Balance Sheet 15Reconciliation of Total Governmental Fund Balancesto Net Assets of Governmental Activities 16Statement of Revenue, Expenditures, andChanges in Fund Balance 17Reconciliation of the Statement of Revenues,Expenditures, and Changes in Fund Balances ofGovernmental Funds to the Statement of Activities 18Proprietary Funds:Statement of Net Assets 19-20Reconciliation of Net Assets on the Statement of NetAssets for Enterprise Funds to Net Assets of Business-Type Activities on the Statement of Net Assets 21Statement of Revenue, Expenses, and Changes in Net Assets 22Reconciliation of the Statement of Revenues, Expenses,and Changes in Fund Net Assets of Enterprise Funds tothe Statement of Activities 23Statement of Cash Flows 24-25CITY OF STURGISTABLE OF CONTENTS(Continued) PAGEBasic Financial Statements - ContinuedFund Financial Statements - ContinuedFiduciary Funds:Statement of Fiduciary Net Assets 26Statement of Changes in Fiduciary Net Assets 27Component Unit Financial StatementsStatement of Net Assets 28Statement of Activities 29Notes to Financial Statements ...