Letter of Transmittal

GFOA Certificate of Achievement

Organizational Chart

Principal Officials

Independent Auditors’ Report

Management’s Discussion and Analysis

Basic Financial Statements

      Government-wide Financial Statements

Exhibit 1 - Statement of Net Assets

Exhibit 2 - Statement of Activities

      Fund Financial Statements

Exhibit 3 - Balance Sheet – Governmental Funds

Exhibit 4 - Reconciliation of the Balance Sheet of the Governmental Funds to the Statement of Net Assets

Exhibit 5 - Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds

Exhibit 6 - Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities – Governmental Funds

Exhibit 7 - Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – General Fund

Exhibit 8 - Statement of Net Assets – Proprietary Funds

Exhibit 9 - Statement of Revenues, Expenses, and Changes in Net Assets – Proprietary Funds

Exhibit 10 - Statement of Cash Flows – Proprietary Funds

Exhibit 11 - Statement of Fiduciary Net Assets – Fiduciary Funds

Exhibit 12 - Statement of Changes in Fiduciary Net Assets – Fire and Rescue Pension Trust Length of Service Awards Fund

      Notes to Financial Statements

Note 1 - Summary of Significant Accounting Policies

Note 2 - Cash and Investments

Note 3 - Stewardship, Compliance and Accountability

Note 4 - Receivables

Note 5 - Interfund Transfers

Note 6 - Interfund Receivables and Payables

Note 7 - Due From Other Governmental Units

Note 8 - Capital Assets

Note 9 - Long-Term Obligations

Note 10 - Construction Commitments

Note 11 - Commitments and Contingent Liabilities

Note 12 - Claims and Litigations

Note 13 - Defined Benefit Pension Plan

Note 14 - Fire & Rescue Pension Trust Length of Service Awards Program

Note 15 - Debt Defeasance

Note 16 - Landfill Closure and Postclosure Care Costs

Note 17 - Fund Balances

Note 18 - Risk Management

Note 19 - Related Organizations and Jointly Governed Organizations

Note 20 - Surety Bonds

Note 21 - Commitments Under Noncapitalized Leases

Note 22 - Subsequent Events

Note 23 - Implemented and Pending GASB Statements

Required Supplementary Information

Exhibit 13 - Schedule of Funding Progress – Virginia Retirement System and Fire & Rescue Pension Trust Length of Service Awards Program

Combining and Individual Fund Statements and Schedules

  Capital Projects Fund

Exhibit 14 - Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Capital Projects Fund

  Nonmajor Governmental Funds

Exhibit 15 - Combining Balance Sheet – Nonmajor Governmental Funds

Exhibit 16 - Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds

Exhibit 17 - Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Joint Communications Fund

Exhibit 18 - Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Conservation Easement Service District Fund

Exhibit 19 - Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Fire and Rescue Fund

Exhibit 20 - Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Affordable Housing Fund

  Proprietary Funds

Exhibit 21 - Combining Statement of Net Assets - Internal Service Funds

Exhibit 22 - Combining Statement of Revenues, Expenses, and Changes in Net Assets - Internal Service Funds

Exhibit 23 - Combining Statement of Cash Flows - Internal Service Funds

  Fiduciary Funds

Exhibit 24 - Combining Statement of Fiduciary Assets and Liabilities - Agency Funds

Exhibit 25 - Combining Statement of Changes in Assets and Liabilities - Agency Funds

  Component Unit - School Board

Exhibit 26 - Combining Balance Sheet - Discretely Presented Component Unit - School Board

Exhibit 27 - Reconciliation of the Balance Sheet of the Governmental Funds to the Statement of Net Assets - Discretely Presented Component Unit - School Board

Exhibit 28 - Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Discretely Presented Component Unit - School Board

Exhibit 29 - Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities - Discretely Presented Component Unit - School Board

Exhibit 30 - Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Discretely Presented Component Unit - School Board

Exhibit 31 - Statement of Fiduciary Net Assets - Discretely Presented Component Unit - School Board

Exhibit 32 - Statement of Changes in Fiduciary Net Assets - Discretely Presented Component Unit - School Board

Exhibit 33 - Combining Statement of Fiduciary Assets and Liabilities - Discretely Presented Component Unit - School Board - Agency Funds

Exhibit 34 - Combining Statement of Changes in Assets and Liabilities - Discretely Presented Component Unit - School Board - Agency Funds

        Other Supplementary Information

Schedule 1 - Governmental Funds and Discretely Presented Component Unit – School Board - Schedule of Revenues – Budget and Actual

Table 1 - Net Assets by Component

Table 2 - Changes in Net Assets

Table 3 - Fund Balances - Governmental Funds

Table 4 - Changes in Fund Balances - Governmental Funds

Table 5-A - Assessed Value and Estimated Actual Value of Real Property

Table 5-B - Assessed Value and Estimated Actual Value of Personal Property

Table 5-C - Tax Relief for the Elderly

Table 6 - Property Tax Rates for Both Direct and Overlapping Governments

Table 7-A - Principal Real Property Taxpayers

Table 7-B - Principal Personal Property Taxpayers

Table 8 - Property Tax Levies and Collections

Table 9 - Ratios of Outstanding Debt by Type

Table 10 - Ratios of General Bonded Debt Outstanding

Table 11 - Pledged-Revenue Coverage

Table 12 - County Policy Debt Margin

Table 13 - Demographic and Economic Statistics

Table 14 - Principal Employers

Table 15 - County Government Employees by Function

Table 16 - Operating Indicators by Function

Table 17 - Capital Assets Statistics by Function

Independent Auditors' Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards

Independent Auditors' Report on Compliance with Requirements Applicable to Each Major Federal Program and Internal Control Over Compliance in Accordance with OMB Circular A-133

Schedule of Expenditures of Federal Awards - Primary Government and Discretely Presented Component Unit

Notes to Schedule of Expenditures of Federal Awards

Schedule of Findings and Questioned Costs

Date Last Modified: 11/20/2008