# CAPITAL CITY SECURITIES, LLC X-17A-5 (2021-04-02) — Broker-dealer annual report - Company: CAPITAL CITY SECURITIES, LLC - Form: X-17A-5 - Filed: 2021-04-02 - Period: 2020-12-31 - Accession: 0001420522-21-000003 - CIK: 1420522 - File #: 8-67771 - Material weakness: No - Auditor: HHH CPA Group, LLC - Auditor location: Columbus, OH - Contact: Todd Crawford - Phone: 6144853108 - Website: hhhcpagroup.com - Signed by: Todd Crawford (President) Original filing: https://www.sec.gov/Archives/edgar/data/1420522/000142052221000003/X-17A-5.pdf --- {0}------------------------------------------------ TJMTEDSTATES SECURITIES AND EXCHANGE COMMISSION Woshington, D.C. 20549 | OMB APPROVAL | | | | | |--------------------------|--|---------------------------|--|--| | | | OMB Number: 3235-0123 | | | | Expires: October31,2023 | | | | | | Estimated average burden | | | | | | | | hours per response ,12,OO | | | # ANNUAL AUDITED REPORT FORM X-l7A-5 PART III | | SEC FILE NUMBER | |--------|-----------------| | *67771 | | FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the securities Exchange Act of 1934 and Rule 17a-5 Thereunder | | a1louzaza | AND ENDTNG | 1213112024 | | | |------------------------------------------------------------------------------------------------|----------------------------------------------------------|------------|--------------------------------|--|--| | REPORT FOR THE PERIOD BEGINNING | MMIDD/YY | | MM/DD/YY | | | | | A. REGISTRANT IDENTITICATION | | | | | | NAME oF BR0KER-DEALER, capital city securities, LLC | | | OFFICIAL USE ONLY | | | | FIRM I.D. NO.
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | | | | | | | 3789 Attucks Drive | | | | | | | (No. alld Street) | | | | | | POV[Elrt | 0lrl@ | | 43065 | | | | (City) | (State) | | (ZiP Code) | | | | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
Todd CraMord | | | (614) 485-3108 | | | | | | | (Area Code - Telephone Number) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report*
HHH CPA Group, LLC | (Name - if indil,idaal, stdte last, tirst, mid.dle name) | | | | | | 125A Old Henderson Road Columbus | | Ohio | \$224 | | | | (Address) | (City) | (State) | (Zip Code) | | | | CHECK ONE: | | | | | | | Public Accountant | | | | | | | Accountant | | | | | | | | not resident in United States or any ofits possessions. | | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | | | | | | | | | | | | | | | \*Claims for exemptionfrom the requirement that the annual report be covered by the opinion of an independent public accountant must be supported by a statement offacts and circumstances relied on as the basisfor the exemption. See Section 2a0.17a-5(e)(2) > Potential persons who are to respond to the collection of information contalned in thls form are not required to respond unless the form displays a currently valid OMB control number. sEc 1410 (11-05) {1}------------------------------------------------ ### OATH OR AFFIRMATION | I, | Todd Crawford | | , swear (or affirm) that, to the best of | |--------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | Capital City Securities, LLC | | my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of
,&s | | of | December 31st | 20 20 | are true and correct. I further swear (or affirm) that
--.--- | | | classified solely as that of a customer, except as follows: | | neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account | | a
la
a
E]
ltl
rl
H | of Comprehensive Income (as defined in \$210.1-02 of Regulation S-X).
(d) Statement of Changes in Financial Condition.
(e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital.
(f; Statement of Changes in Liabilities Subordinated to Claims of Creditors.
(g) Computation of Net Capital.
(h) Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3.
(i) Information Relating to the Possession or Control Requirements Under Rule 15c3-3.
consolidation.
(l) An Oath or Affirmation.
(m) A copy of the SIPC Supplemental Report.
**For conditions of confidential treatment af certain portions af thisfiling, see section 240.17a-5(e)(3). | \\tlilrr, | President
Title
income in the period(s) presented, a Statement
fi) AReconciliation,includingappropriateexplanationoftheComputationofNetCapitalUnderRulel5c3-landthe
Computation for Determination of the Reserve Requirements Under Exhibit A of Rule l5c3-3.
E ttl A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of
(n) A report describing any material inadequacies found to exist or found to havo existed since the date ofthe previous audit. | | | | | | {2}------------------------------------------------ # CAPITAL CITY SECURITIES, LLC # FINANCIAL STATEMENTS # DECEMBER 31 ,2020 AND 2019 {3}------------------------------------------------ Nick DiBartolomeo, CPA Brian Schneider, CPA ![](_page_3_Picture_1.jpeg) Rick Dumas, CPA James Peters, CPA ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors of Capital City Securities, LLC Powell, Ohio ### Oplalon on the Fiaanclal Statements We have audited the accompanyflg statements of financiaL condition of Capital City Securities,LLC (an Ohio limited liability corporation) as of December 31, 2020 and 2A19, and the related statements of operations, changes in member's equity and cash flows for the years then ended, ared the related notes and schedules (collectively referred to as the financial statements). ln our opinion, the financial statements present fairly, in aI1 material respects, the financial position of Capital City Securities, LLC as of December 3 1 , 2AZA and 20 19 , a:rd the resuLts of its operations and its cash flows for the years then ended in conformifr with aceounting pqinciples generally accepted in the United States of America. ### Basis for Opinion These financial statements are the responsibility of Capital City Securities, LLC's marlagement. Our responsibility is to express an opinion on Capital City Securities, LLC's finarlcial statements based on our audit. We are a public accounting firm registered witJl the Pr-rblic Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to Capital City Securities, LLC in accordance with the U.S. federal securities iarvs and the applicable rules and regulations of the Securities and Exchange Commission a::d the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plal anct perform the audit to obtain reasonable assurance about whether the financial statements are free of materia-l misstatement. r.rrhether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures tl:at respond to those risks. Such procedures included examining, o11 a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included erraluating the accounting principles used and significant estimates made by management, as well as evaJ.uating the overa-ll presentation of the financial statements. We heiieve that our audit provides a reasonable basis for our opinion. {4}------------------------------------------------ ### Supplemental Information l rf(t{fi Llra Gn./, Lt<- HHH CPA Group, LLC We have serwed as Capital City Securities, LLC"s auditor since 2011' Columbus, Ohio March 31.2021 {5}------------------------------------------------ ### Capital City Securities, LLC STATEMENTS OF FINANCIAL CONDITION ### December 31,2020 and 2019 | | | 2A2A | 2019 | | |--------------------------------------------------------|----|------------|--------------|--| | ASSETS | | | | | | Cash | \$ | 94,876 | \$
5,372 | | | Restricted cash and equivalents | -- | s0,000 | 50,000 | | | TotalCash | -- | 14d,876 | 55,372 | | | Fees Rrceivable | | 6,644 | 50,936 | | | Recivable from brokerdealers and clearing oruanization | | | 29,365 | | | Accounts receivable - related party | | 37,935 | 18,822 | | | Accounts receivable - other | | | | | | OtherAssets | | 13,595 | ,11,512 | | | Total Current Assets | | 203,050 | 166,007 | | | Long Term Assets | | | | | | | \$ | 203,050 \$ | 166,007 | | | | | | | | | LIABILITIES AND MEMBERS' EQUIry | | | | | | Accounts Payable | \$ | 96,394 | \$
44,714 | | | Commission Payable | | 12,976 | 70,999 | | | Other Liabilities | | 906 | | | | Total Current Liabilities | | 110,276 | 115,713 | | | Long Term Liabilities | | | | | | Total Liabilities | | 110,278 | 115,713 | | | Members'Equity; | | | | | | Contributed Capital | | 205,000 | 205,000 | | | Retained Eamings | | (112,226) | (1s4,706) | | | Total Members' Equity | | 92,774 | 50,294 | | | | \$ | 203,0s0 \$ | 166,007 | | {6}------------------------------------------------ # Capital City Securities, LLC # STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31 ,2020 AND 2019 | | 2020 | | 2019 | | |-------------------------------------------------------------------------------------------------------------------------------------|------|--------------------------------------------------------------------|--------------------------------------------------------------------|--| | Revenues | | | | | | Commissions
Other lncome | \$ | 604,718 \$
38,239 | 654,876
70,416 | | | Total Revenues | | 642,957 | 725,292 | | | Expenses | | | | | | Commissions
Clearing House Charges
Licenses, Dues and Subscriptions
Professional Fees
lnsurance
Office Rent
Other | | 341,924
97,876
62,108
64,872
19,178
4,990
14,168 | 409,173
100,059
32,007
84,874
30,613
7,249
8,118 | | | Total Expenses | | 601,016 | 672,093 | | | Net lncome | \$ | 41,941 | \$
53,199 | | {7}------------------------------------------------ # CaPital CitY Securities, LLC STATEMENTS OF CHANGES IN MEMBERS'EQUITY # For the Years Ended December 31,2020 and 20{9 | | 4 | 2A20 | 2019 | |------------------------------|----|---------------|--------------| | Contributed CaPital : | | | | | Balance at Beginning of Year | \$ | 2o5,ooo \$ | 2o5,ooo | | Contributions | - | | | | Balance at End of Year | \$ | 205,000 | \$ | | Retained Earnings: | | | | | Balance at Beginning of Year | \$ | (154,706) \$ | (14d.,677) | | Net lncome | | 41,941 | 53,199 | | Contributions | | 539 | | | Distributions | | | (63,228) | | Balance at End of Year | \$ | ,(112,226\ \$ | (154,706) | | Total Members'Equity | \$ | 92,774 | \$
50,294 | {8}------------------------------------------------ ### Capital City Securities, LLC STATEMENTS OF CASH FLOWS # For the Years Ended December 31,2020 and 2019 | | | 2024 | 2019 | |--------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|----------------------------------------|----------------------------------------| | | | | | | Cash flows from Operating Activities'
Net lncome
Adjustments to reconcile Net lncome to Net Cash
provided by oPerating activitieE: | \$
- | 41,941 \$ | 53,199 | | (lncrease) Decrease in :
Fees Receivable
Receivable from broker-dealers and clearing organization
Accounts Receivable' related party
OtherAssets | | M,292
29,365
(19,113)
(2,083) | (10,60s)
(10,854)
2,330
1,023 | | (lncrease) Decrease in :
Accounts PaYable
Commission Payable
Other Liabilities | | 51,680
(58,023)
906 | (10,246)
27,759
(3,057) | | Total Adjustments | | 47,024 | (3,650) | | Net Cash Provided by Operating Activities | | 88,965 | 49,549 | | Cash flows from lnvesting Activities: | | | | | Cash flovta from Financing Activities:
Contributions
Distributions | | 539 | (63,228) | | Net Cash Provided by (Used in) Financing Activities | | 539 | (63,228) | | Net lncrease (Decrease) in Cash | | 89,504 | (13,67e) | | Cash and Restricted Cash at beginning of period | | 5,372 | 19,051 | | Cash and Restricted Cash at end of period | \$ | 94,876 \$ | 5,372 | | Supplemental Disclosures:
lnterest Paid | \$ | | \$ | | lncome Taxes Paid | \$ | | \$ | {9}------------------------------------------------ # CAPITAL CITY SECURITIES, LLC NOTES TO FINA}ICIAL STATEMEI{TS DECEMBER 3 1,2020 AND 2019 {10}------------------------------------------------ ### CAPITAL CITY SECI]RITIES, LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020 AND 2019 # Note- I - Summary of Significant A,ccourlting Policies # A. Organization Capital City Securities, LLC (the Company) was formed as a limited liability company in the State of Ohio in August 2006. The Company has besn operating as a broker-dealer registered with the Securities and Exchange Commission (SEC) and the State of Ohio Securities Division since May 29,2008; it is a member of the Financial Industry Regulatory Authority, Inc. (FINRA). The Company operates pursuant to Exehange Act Rule 15c3-3(kX2)(ii), clearing transactions on a firlly disclosed basis through its clearing frm, RBC Capital Markets Corporation (nRBCu), and on an application-way basis with registered investment companies, insurance and annuity providers, and other product offerings. Customer accounts hetd directly at a product issuer for which the Company is listed as the brokerdealer of record. The Company does not hold customer funds or safe guard custorner securities. As of December 31,2020,the Company is licensed in 22 states, including Alaska Anzonq California, Colorado, Floridg Hawaii, llinois, Indianq Iowa, Kentucky, Massachusetts, Michigan, Maryland, New York, North Carolinq New Jersey, Ohio, Pennsylvania, South Carolin4 Texas, Nevada and Virginia. #### Management's Estimate q B. The preparatiou of financial statements in conformrty with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. # C. Cash and Restricted Cash Equivalents The Company maintains cash balances at one bank, one money market account and on deposit with FINRA. The cash balance in the bank was under the federally insured limit of \$250,000 as of December 3 1 , 2A20. For purposes of the statement of cash flows, the Company considers all cash in checking accounts, money market accounts and held at FINRA to be cash equivalents. Restricted cash equivalents represent amounts on deposit at financial institutions that are legally restricted due to oontract terms with RBC. Included in the statements of financial condition is a restricted cash deposit for margin requirements at RBC in the amount of \$50,000. {11}------------------------------------------------ ### CAPITAL CITY SECURITIES, LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31,2020 Al{D 2019 ### Note 1- S-ummary of Significant Accounting Policies- # D. Concentration of Credit Risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and commissions receivable. The Company places its cash with high credit qualrty financial institutions, which at times may be in excess of FDIC insurance limits. The Company's receivables represent oommissions from completed securities tades and monies owed it from licensed securities representatives for charges incurred at the firm. All customer tansactions are cleared through another broker-dealer on a fully disclosed basis. # E. Advertising Costs Advertising costs are expensed when incured. Advertising costs were \$297 and \$258 in 2A20 and2019, respectively. Advertising is included in other oxpenses. # F. Securities Transactions and Revenue Recognition Securities transactions, commissions and related clearing expenses are reported on a trade date basis. The change in the resulting differenee between cost and market is included in net trading profits in the statement of income. The Company's activities are transacted on either a cash or margin basis. Margin transactions are subject to various regulatory and internal margin requirements and are collateralized by cash and securities in the Company's accounts. Commission expense is also recorded on a trade-date basis as security transactions occur. # G. Receivables Accounts receivable - related party are stated at the amount billed. Registered representative affrliation fees, commission charge backs and other costs that are the responsibility of registered representatives are offset against amounts owed to registered representatives for their commission payables. If the balance of the debits owed to the Company exceed the amount owed to the registered representative, the net balance owed to the Company is recorded as a receivable. The receivable from broker-dealers and clearing organization is the net amount owed from RBC to the Company for dealer activity. The receivable is recorded net of any related liabilities to the clearing firm on the accompanying statement of financial condition. Management individually reviews all receivable balances that exceed 30 days from the invoice date and based on an assessment of various factors, estimates the portion, if any, of the balance that will not be collected. In the opinion of management, all receivables are considered collectible and no allowance was necessary at December 31,202A and2019. {12}------------------------------------------------ ### CAPITAL CITY SECURITIES, LLC NOTES TO FINA}ICIAL STATEMENTS DECEMBER 31, 2020 At[D 2019 # Note 1 - Summary of Significant Accounting Policies- # H. Government and Other Regulations The Company's business is subject to significant regulation by various governmental agencies and self-regulatory organizations. Such regulation includes, arnong other things, periodic examinations by these regulatory bodies to determine whether the Company is conducting and reporting its operations in accordance with the requirements of these organizations. As a registered broker-dealer, the Company is subject to the SEC's Net Capital Rule 15c3-1 which requires that the Company maintains a minimum net capital, as defined [see note 3], # Note ? \* Reservg Reouirements The Company is not obligated to report under SEC Rule 15c3-3 since it does not maintain customer accounts or hold securities. All customer transactions are cleared through another broker--dealer on a fully disclosed basis. Therefore, the Company does not have a reserve requirement nor does it have any information relating to the possession or control requirement under Rule l5c3-3. #### Note 3 - Net Capital Requirements (Schedules I and Il) Under SEC Rule 15c3\*1, the Company is required to maintain net capital of not less than the greater of 6.670/o of total aggregate indebtedness liabilities, exclusive of subordinated debt, for the year ended December 31,2020, \$7,355, or \$5,000. At December 31,2020 the Company's net capital as defined by SEC Rule 15c3-l was \$33,889 in excess of the minimum net capital required. In addition to the minimum net capital provision, SEC Rule 15c3\*l requires that the Company maintain a ratio of aggregate indebtness, as defined, to capital, of not more than 15 to 1. Af December 31,2020 the ratio was 3.40 to 1. #### Note 4 - Related Party Transactions Capital City Securities, LLC is one of four subsidiaries of the parent company Capital City Partners, Inc. (CCP). Certain expenses are incurred by CCP, which then bills the four subsidiaries based on direct consumption. The expenses relating to these fiansactions are wages, insurance, rent, utilities, and office expenses. These services accounted for \$15,268 in expenses during the year. During the year, CCP also received \$ 539 in contributions. {13}------------------------------------------------ ### CAPITAL CITY SECURITIES, LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31,2020 AND 2019 ## Note 5 \*Income Taxes The Company is recognized as a "pass\*-{hrough entity" underthe Internal Revenue Code and pays no federal and state taxes. The parent company is taxed individually on the Company's taxable income. The Company recognizes and disclosures uncertain tax positions in accordance with accounting principles generally accepted in the United States of America. As of and during the year ended December 31,202A, the Company did not have a liability for unrocognizeO tax Uenents. The 99\*p\*y is no longer subject to examination by federal and state taxing authorities for returns filed prior to2017. ### Note 6 - Resent Accounting Pronougcement The Company adopts all applicable, new accounting pronouncements as of the specified effective dates. In February 2016, the Financial Accounting Standards Board ('FASB") issued ASU No. 20rc-A2, Leaseso as a new Accounting Standards Codification Topic 842 ('ASC Topic 842"), which will supersede near\$ all existing revenue recognition guidance under GAAP. Under the new provisions, all lessees wil|report a righi-of-use asset and a liability for the obligation to make payments for all leases wittr the e>reeption of those leases with a term of 12months or less. All other leases will fall into one of two categories: - a Financing leases, similar to capital leases, will require the recognition of an asset and liability, measured at ttre present value of the lease payments. - o Interest on the liability will be recognized separately from amortizationofthe asset. - o Principal repayments will be classified as financing outflows and payments of interest as operating outflows on the statement of cash flows. - a Operating leases will also require the recognition of an asset and liability measured at the present value of the lease payments. - o Asingle lease cost, consisting of interest on the obligation and amortization of the asset, calculated such that the anortization of the asset will increase as the interest amount decreases resulting in a straight-line recognition of lease expsrse. - o All cash outflows will be classified as operating on the statement of cash flows. - a The standard is effective for us for annual periods beginning January t,Z}lg.\$/e adopted ASC Topic g42 as of January 1, 2019. An assessment to determine the impacts of the new accounting standard has been performed. Based on our assessmen! the adoption of ASC Topic 842 did not have a material impact on our financial statements. - a Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date arc not expected to have a material impact o, o,i financial statements upon adoption. {14}------------------------------------------------ ### CAPITAL CITY SECURITIES, LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31,2020 AI{D 2019 ### Ngte 7-COYID-19 During March 2020, the state and federal govemment issued stay at home and social distancing rocommendations to combat the COMD-19 global pandemic. As a result, numerous local businesses were closed and employe,es were laid off. The Organization has made operational modifications to comply with the above recommendations, but continues to offer its services as of the audit report date. There has been a restructuring of meetings and customer interactions as result of these regulations. The Organiz.atron believes it has enough capital reserves to withstand the effects of the pandemic through the following 12 months from the report date. We are unable to project what other effects this pandemic will have beyond the subsequent 12 month from the date of the audit report, but management has no plans to cease operations. #### Note 8 - Litigation On September 21,2020 the firm agreed to an Acceptance of Letter of Acceptance, Waiver, and Consent (AWC) with FINRA. Capital City Seeurities, LLC, CRD No. 146001, Matter No. 2015048347902 Respondent also consents to the imposition of the following sanctions: ### l. Censure, and 2. An order to pay restitution in the amount of \$53,174.51. Respondent made the required rostitution payments. Therefore the Mattor is settled. ### Note 9 - Subsequent Events Management has reviewed all events subsequent to December 31,2020, up to the date of audit report (March 31,2021> and has not encountered any subsequent events that affect the current financial statements or that require additional disclosure. {15}------------------------------------------------ # SU PPLEMENTARY I N FORMATION {16}------------------------------------------------ ### Schedule I Computation of Net Capiotal Under Rule 15c31 of the Securities and Exchange Commission ### NET CAPITAL | Total Members'Equity
Add: | | \$
92,774 | |---------------------------------------------------------------------------------------------------|-------------------------|--------------| | Liabilities subordinated to claims of generalcreditors
allowable in computation of net capital | | | | | | | | Total capital and allowable subordinated liabilities | | 92,774 | | Non-allowable assets: | | | | Accounts Receivable - related pafi
Other Assets | \$
37,935
'13,595 | 51,530 | | Net Capital before haircuts on securities positions | | 41,244 | | Haircuts on Securities (computed, where applicable, pursuant to
Rule 15c3-1(f)): | | | | Other Securities | | | | Total Net Capital | | \$
1,244 | | | | | | 62l3olo of Aggregate lndebtedness | | \$
7,355 | | Minimum Net Capital Requirement - Greater of \$5,000 or 6 2l3a/o of
Aggregate lndebtedness | | 7,355 | | | | | | Excess Net Capital | | \$
33,899 | | Net Capital less the greater of 120% of the Minimum Net Capital | | | | Requirement (\$6,000) or 10o/o of Aggregate lndebtedness (91 1,AZB, | | \$
32,418 | {17}------------------------------------------------ # Schedule ll ### Schedule of Aggregate lndebtedness | Computation of aggregate indebtedness: | | | |------------------------------------------------|--------------|-----| | Accounts Payable | \$
96,394 | | | Commissions Payable | 12,976 | | | Other Liabilities | | 906 | | Total allowable liabilities from Balance Sheet | \$ 110,276 | | | Ratio of aggregate indebtedness to net capital | 3.40 to 1 | | # Schedule lll Reconciliation with Company's Computation of Net Capital as lncluded in Part llA of Form X-17A-5 | Net capital, as reported in Company's Part llA (unaudited)
FOCUS report | \$40,704 | |----------------------------------------------------------------------------|--------------| | Audit adjustments | | | Equity contribution | 540 | | Total audit adjustments | 540 | | Net capital per audited financial statements | \$
41,244 | {18}------------------------------------------------ # CAPITAL CITY SECURITIES, LLC # SUPPLEMENTARY SCHEDULES AS OF DECEMBER 31 ,2021 # STATEMENT ON EXEMPTION FROM COMPUTATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION. ln accordance with the exemptive provision of SEC Rule 15c3-3, specifically exemption (kx2xii), the company is exempt from computation of a reserye requirement and the information relation to the possession or control requirements. {19}------------------------------------------------ # SEC Rule 15c3-3 Exemption Report Board of Directors Capital City Securities, LLC Capital City Securities, LLC (the Company) is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 CFR 240.17a-5- "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 CFR 240.17a-5(d)(l) and (4). To the best of its knowledge the Company states the following: The Company is exempt from Rule 17 CFR 15c3-3 under provision (kx2xii) of Rute 15c3-3 of the Securities Exchange Act of 1934. The Company met the identified exemption provision identified above throughout the most recent fiscal year ended December 31, 2020, without exception. Capital City Securities, LLC l, Todd Crawford swear (or affirm ) that, to my best knowledge and belief, this Exemption Report is true and correct. Todd Crawford President March 30,2021 {20}------------------------------------------------ Nick DiBartolomco, CPA Brian Sctrneider, CPA ![](_page_20_Picture_1.jpeg) Rick Dumas, CPA James Peters, CPA ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOLTNTING FIRM To the Board of Directors of Capital City Securities, LLC Powell, Ohio We have reviewed management's statements, included in the accompanying SEC Rule 15c3-3 ExempCon Report, in which (1) Capital City Securtties, LLC identified, the following provisions of LZ C.F.R. \$15c3-3(k) under which Capital City Securities, LLC claimed arr exemption from 17 C.F.R. S240.15c3-3: (2)iii) {the "exemption provisions") and (2) Capital City Securities, LLC stated that Capital City Securities, LLC met the identified exemption provisions throughout the most recent fiscal year without exception. Capital City Securities, LLC's management is responsible for compliance with the exemption provisions and its statemer:"ts. Our review rvas conducted in accordalce with the staldards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries ald other required procedures to obtain evidence about Capital City Securities, LLC's compliance with the exemption provisions. A review is substaltially less in scope than a-n examination, the objective of rvhich is the expression of an opilion on management's statements. Accordingly, ure do not express such an opirrion. Based on our review, we al-e not aware of any material modificatior:s that should be made to management's statements referred to above for them to be fairly stated, in a-11 material respects, based on the provisions set forth in paragraph (k)(2)(ii)) of Ruie 15c3-3 under tlee Securities Exchange Act of 1934. t, fiftfi Lln Gn.f , Ltc- HHH CPA Group, LLC Coiumbus, Ohio L4arch 31,2A21 1250 Old Henderson Road, Columbus, OH 43220 | Phone: (614) 451-4644 | Fax: (614) 451-3818 | vuww.hhhcpagroup.com {21}------------------------------------------------ Nick DiBartoiomeo, CPA Brian Schneider, CPA ![](_page_21_Picture_1.jpeg) Rick Dumas, CPA James Peters, CPA ### REPORT OF MDEPENDEI{T REGISTERED PUBLIC ACCOUI{Til{G FIRM ON APFLYING AGREED-UPOI{ PROCEDURES To tire Board of Directors of Capital City Securities, LLC Powell, Ohio We have performed the procedures included in Ruie 17a-5(e)(a) under the Securities Exchange Act of 1934 and in the Securities Investor Protection Corporation (SIPC) Series 600 Rules, which are enumerated below and were agreed to b5, Capital City Securities, LLC a-trd the SIPC, solely to assist you and SIPC in evaluating Capital City Securilies, LLC's compliance with the applicable instructions of the General Assessment Reconciliation (Form SIPC-7) for the year ended December 31,2O2A. Capital City Securities, LLC's mallagement is responsible for its Form SIPC-7 and for its complia:tce with those requirements. Thi"s agreed-upon procedures engagernent was conducted in accordance with staldards established by the Public Compa-ny Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of those parties speci{ied in this report. Consequently, we make no representation regarding the suffici.ency of the procedures described beiorv either for the purpose for which this report has been requested or for any other purpose. The procedures n e performed and our lindings are as follorvs: - 1) Compared the listed assessnler-r-t payrnents in Form SIPC-7 with respective cash disbursement records entries, noting no differences; - 2) Compared the Total Revenue amount reported on the Annual Audited Report Form X-17A-5 Part III for the year ended December 31,2O2A with the ?otal Revenue amount reported in Form SIPC-7 for the year ended December 31 , 2O2A, noting no differences; - 3) Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences; - 4) Recalculated the arithmetical accuracy of the calculations reflected in Forrn SiPC-7 and in the related schedules and working papers supporting the adjustments, notir":"g no differences; and - 5) Compared the arrrount of any overpayment applied to the current assessment with the Form SIPC-7 on which it was originally computed, noting no differences. 1250 OId Henderson Road, Columbus, OH 4322A I Fhone: (614)451-4644lFax: (614)451-3818 | www.hhhcpagroup.com {22}------------------------------------------------ We vrere not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusi.on, respectively, on Capital City Securities, LLC's compliance with the appiieable instmctions of the Form SIPC-7 for the year ended December 31, 2A2O. Accordingly, lre do not express such an opinion or conclusion. Had we perfortrred additional procedures, otheimatters :night have come to our attention that would have been reported to you. This report is intended solely for the information and use of Capital City Securities, LLC and the SIPC and is not intended to be and should not be used by anyone other than these specified parties. frw c\*n 6n./, Ltc- HHH CPA Group, LLC Columbus, Ohio March 31,2421 {23}------------------------------------------------ | slPc-7 | | |----------------|--| | (36-REV 12118) | | # SECURITIES INVESTOR PROTECTION CORPORATION P.0. Box e2185 200e0-2185 ### Si:t,i,r-tfJd0D.c. General Assessment Reconciliation slPc-7 (36-REV 12118) > I ) a For the fiscal year ended 12131t2020 (Read carefully the instructions in your working copy before compleling this Form) ### TO BE FILED BY ALL SIPC MEMBERS TVITH FISCAL YEAR ENDINGS I' Name of Membet, address, Designated Examining-Authorily, 1934 Act registration no. and monlh in which fiscal year ends for purposes of the audit requirement of sEC Rule 17a-5: | 67771
FINRA
DEC
any corrections to form@sipc.org and so
indicate on the form filed.
Capital City Securities, LLC
3789 Attucks Drive
contact respecting this form.
Powell, OH 43065-6080
l'{q ^ 21
2. A. General Assessment (ilem 2e {rom page 2)
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B. Less payment made with SIPC-6 filed (exclude interest)
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C. Less prior overpayment applied
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D. Assessment balance due or (overpayment)
E. lnterest computed on late payment (see instruction E) for____days al20o/o per annum
F, Total assessment balance and interest due (or ovorpayment carried forward)
PAYMENT: { tn" uo*
G
Check mailed to P.O. BoxI Funds wirertfl
ACH
Total (must be same as F above)
Overpayment carried forward
H
\$( | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|----------------------------------------------------------------------------------------------------------------------| | | | | (
Note: ll any of the informalion shown on the
(
mailing label requires c0rrection, please e-mail
(
a | | | | | i
Name and telephone number of person to
a
(
Todd Crawford 61 4-485-31 08
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) | | | | | | | | | | | | | | | | | 3. Subsidiaries (S) and predecessors (P) included in this form (give name and 1934 Act registration number) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The SIPC member submitting this form and the person by whom it is executed represent thereby that all informalion conlained herein is true, correct and eomplete. | L | |----| | or | | | | | | | | | oatea tne 3 / uay ot ln4a-f\*dJ,rL ,20 F\*l This lorm and the assessmenl payment is. due 60 days after the end ol the f iscal year. Retain the Working Copy ol this lorm for a period ol not less than 6 years, the latest 2 years in an easily accessible plice. | G | Dates r,Ll | Poslmarked | Received | Reviewed | | |---------------|--------------|---------------------------|----------|---------------|--------------| | Ill=
rrt | Calculations | | | Documentation | Forward Copy | | CE
e,
g | Exceptions: | | | | | | an | | Disposition ol exceptions | | - | - | 1 {24}------------------------------------------------ ### DETERMINATION OF "SIPC NET OPERATING REVENUES" AND GENERAL ASSESSMENT Amounts lor the Jiscal period besinning 0t lOl/iOZO # llem l{0. 2a, Total revenue (FOCUS Line 12/Part llA Line 9, Code 4030) - 2b. Additions: - (1) Total revenues from the securiliss buslness of subsidiaries (except foreign subsidiariesi and predecessors not included above, - (2) Net loss from principal transactions in \$ecurities in trading accounts. - (3) Net loss from principal transactions in commodilies in lrading accounts. - {4) lnterest and dividend expense deducted in delermining item 2a. - [5) Net loss trom management 0l or parlicipati0n in the underwriting or distribution of securities. - (6) Expenses other than advertising, printing, regislration lees and legal tees deducted in determining nel profit from management 0f or participalion in underwriling or distribution of securities. - (7) Net loss lrom securities in investmenl accounts, Tolal additions ### 2c. Deductions: - (1) Revenues lrom the distribution of shates of a registered open end investment company or unit investment trust, from the sale of variable annuities, fr0m the business of insurance, from investmenl advisory services rendered l0 registered investment companies 0r insurance c0mpany separate accounls, and lrom lransactions in security lututes products. - {2} Revenues from commodity transactions. - (3)Commissions,lloor brokerage and clearance paid lo olher SIPC members in connection with securities transactions. - {4) Reimbursements for poslage in connection wilh proxy solicitation. - {5) Nel gain from securities in investment accounts, - (6) 100% ol commissions and markups earned lrom transaclions in (i) certificates of deposit and (ii) Treasury bills, bankers acceptances or commercial paper lhat mature nine monlhs or less from issuance date. - (7) Direct expenses of printing advertising and legal fees incurred in connection with olher revenue related t0 the securities business (revenue defined by Section 16(9)(L) of the Act). - (8) Other revenu0 not related either directly or indirectly to the securities business. (See lnstruclion C): (Deduclions in exces\$ of \$'100,000 require documentation) - (9) (i) Total interest and dividend expense (F0CUS Line 22lPART llA Line 13, Code 4075 plus line 2b(4) above) but not in excess of total inlerest and dividend income. - (ii) 40% of margin inleresl earned on cuslomers securities accounts {40Y0 of F0cus line 5, code 3960). Enter the greater of line (i) or (iii Total deduclions - 2d, SIPC Net Operating Revenues - 2e. General Assessment @ .0015 ![](_page_24_Picture_30.jpeg) | and ending t4ltf | | *ae-fi | |------------------|----------------|--------| | | Eliminate cent | | (.\_/ | # | |----------| | l) | | | | | | | | {) | | | | | | | | | | qql^q&:3 | | t) | | | | | | .) | | | | {.t | | | | | | (-) | C Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.