CITY OF AKRON, OHIO
Single Audit Report
Year Ended December 31, 2001
City Council
City of Akron
205 Municipal Building
166 South High St.
Akron, Ohio 44308
We have reviewed the Independent Auditor's Report of the City of Akron, Summit County,
prepared by Deloitte & Touche LLP, for the audit period January 1, 2001 to December 31, 2001.
Based upon this review, we have accepted these reports in lieu of the audit required by Section
117.11, Revised Code. The Auditor of State did not audit the accompanying financial statements
and, accordingly, we are unable to express, and do not express an opinion on them.
Our review was made in reference to the applicable sections of legislative criteria, as reflected by
the Ohio Constitution, and the Revised Code, policies, procedures and guidelines of the Auditor
of State, regulations and grant requirements. The City of Akron is responsible for compliance
with these laws and regulations.
JIM PETRO
Auditor of State
September 30, 2002
88 East Broad Street
Columbus, Ohio 43215
Telephone 614-466-4514
800-282-0370
Facsimile 614-728-7398
www.auditor.state.oh.us
This Page is Intentionally Left Blank.
CITY OF AKRON, OHIO
TABLE OF CONTENTS
Page
TRANSMITTAL LETTER
1
INDEPENDENT AUDITORS’ REPORT
3-4
MANAGEMENT’S DISCUSSION AND ANALYSIS
5-18
BASIC FINANCIAL STATEMENTS
Government-wide Financial Statements:
Statement of Net Assets
20
Statement of Activities
21
Fund Financial Statements:
Balance Sheet - Governmental Funds
22
Reconciliation of the Balance Sheet to the
Statement of Net Assets - Governmental Funds
23
Statement of Revenues, Expenditures, and Changes in Fund Balances -
Governmental Funds
24
Reconciliation of the Statement of Revenues, Expenditures,
and Changes in Fund Balances to the Statement of Activities - Governmental Funds
25
Statement of Net Assets - Proprietary Funds
26
Statement of Revenues, Expenditures, and Changes in Fund Net Assets
Proprietary Funds
29
Stat