OFFICE OF THE STATE AUDITOR _part1 doc

STATE OF MISSISSIPPI OFFICE OF THE STATE AUDITOR PHIL BRYANT State Auditor RAMONA HILL, CPA Director, Financial and Compliance Audit Division ED YARBOROUGH, CPA, CIA, CFE, CGFM Director, County Audit Section YALOBUSHA COUNTY, MISSISSIPPI Primary Government Financial Statements and Special Reports For the Year Ended September 30, 1997 YALOBUSHA COUNTY TABLE OF CONTENTS FINANCIAL SECTION 1 INDEPENDENT AUDITOR'S REPORT 3 PRIMARY GOVERNMENT FINANCIAL STATEMENTS 5 Combined Balance Sheet - All Fund Types and Account Groups 6 Combined Statement of Revenues, Expenditures and Changes in Fund Balances - All Governmental Fund Types and Expendable Trust Funds 7 Combined Statement of Revenues, Expenditures and Changes in Fund Balances - Budget (Non-GAAP Budgetary Basis) and Actual - All Governmental Fund Types 8 Notes to Financial Statements 10 SUPPLEMENTAL INFORMATION 23 Reconciliation of Operating Costs of Solid Waste 25 SPECIAL REPORTS 27 Independent Auditor's Report on Compliance and on Internal Control Over Financial Reporting Based on an Audit of the Primary Government Financial Statements Performed in Accordance With Government Auditing Standards 29 Independent Auditor's Report on Central Purchasing System, Inventory Control System and Purchase Clerk Schedules (Required by Section 31-7-115, Miss. Code Ann. (1972)) 31 Independent Auditor's Report on Compliance with State Laws and Regulations 37 SCHEDULE OF FINDINGS 39 3750 I-55 NORTH FRONTAGE ROAD JACKSON, MISSISSIPPI 39211 $ (601) 364-2888 $ FAX (601) 364-2828 The Office of the State Auditor does not discriminate on the basis of race, religion, national origin, sex, age or disability 1 YALOBUSHA COUNTY FINANCIAL SECTION 2 YALOBUSHA COUNTY (This page left blank intentionally) 3 OFFICE OF THE STATE AUDITOR PHIL BRYANT AUDITOR INDEPENDENT AUDITOR'S REPORT ON THE PRIMARY GOVERNMENT FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION October 19, 1998 Members of the Board of Supervisors Yalobusha County, Mississippi We have audited the accompanying primary government financial statements of Yalobusha County, Mississippi, as of and for the year ended September 30, 1997, as listed in the table of contents. These primary government financial statements are the responsibility of the county's management. Our responsibility is to express an opinion on these primary government financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. A primary government is a legal entity or body politic and includes all funds, organizations, institutions, agencies, departments and offices that are not legally separate. Such legally separate entities are referred to as component units. In our opinion, the primary government financial statements referred to above present fairly, in all material respects, the financial position of the primary government of Yalobusha County, Mississippi, as of September 30, 1997, and the results of its operations for the year then ended, in conformity with generally accepted accounting principles. However, the primary government financial statements, because they do not include the financial data of component units of Yalobusha County, Mississippi, do not purport to, and do not present fairly the financial position of Yalobusha County, Mississippi, as of September 30, 1997, and the results of its operations for the year then ended in conformity with generally accepted accounting principles. In accordance with Government Auditing Standards, we have also issued a report dated October 19, 1998, on our consideration of Yalobusha County, Mississippi's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grants. 4 Our audit was performed for the purpose of forming an opinion on the primary government financial statements of Yalobusha County, Mississippi, taken as a whole. The accompanying Reconciliation of Operating Costs of Solid Waste is presented for purposes of additional analysis and is not a required part of the primary government financial statements. Such information has been subjected to the auditing procedures applied in the audit of the primary government financial statements and, in our opinion, is fairly stated in all material respects, in relation to the primary government financial statements taken as a whole. PHIL BRYANT RAMONA HILL, CPA State Auditor Director, Financial and Compliance Audit Division 5 YALOBUSHA COUNTY PRIMARY GOVERNMENT FINANCIAL STATEMENTS 6 YALOBUSHA COUNTY Exhibit A Combined Balance Sheet - All Fund Types and Account Groups September 30, l997 Governmental Fiduciary Account Totals Fund Types Fund Type Groups Memorandum Trust General General Only Special Debt and Fixed Long-term Primary General Revenue Service Agency Assets Debt Government ASSETS Cash and investments (Note 3) $ 861,039 1,785,318 144,539 113,931 2,904,827 Other receivables 19,987 19,987 Intergovernmental receivables 61,256 45,897 107,153 Interfund receivables (Note 4) 259,611 23,587 3,581 1,867 288,646 Advance to other funds (Note 4) 9,692 9,692 Fixed assets (Note 5) 5,222,502 5,222,502 Amount available in debt service funds 148,120 148,120 Amount to be provided for retirement of general long-term debt 1,027,116 1,027,116 Total Assets $ 1,181,906 1,884,481 148,120 115,798 5,222,502 1,175,236 9,728,043 LIABILITIES AND FUND EQUITY Liabilities: Claims payable $ 143,316 189,744 333,060 Amounts held in custody for others 53,566 53,566 Intergovernmental payables 46,135 14,466 60,601 Interfund payables (Note 4) 29,035 259,611 288,646 Advances from other funds (Note 4) 9,692 9,692 Claims and judgments liability (Note 8) 18,339 18,339 General obligation bonds payable (Note 8) 791,000 791,000 Equipment notes payable (Note 8) 33,700 33,700 Capital leases payable (Note 8) 332,197 332,197 Total Liabilities 218,486 459,047 0 68,032 0 1,175,236 1,920,801 Fund Equity: Investment in general fixed assets 5,222,502 5,222,502 Fund balances: Reserved for advances 9,692 9,692 Reserved for debt service 148,120 148,120 Unreserved 963,420 1,415,742 47,766 2,426,928 Total Fund Equity 963,420 1,425,434 148,120 47,766 5,222,502 0 7,807,242 Total Liabilities and Fund Equity $ 1,181,906 1,884,481 148,120 115,798 5,222,502 1,175,236 9,728,043 The notes to the financial statements are an integral part of this statement. This is trial version www.adultpdf.com . intentionally) 3 OFFICE OF THE STATE AUDITOR PHIL BRYANT AUDITOR INDEPENDENT AUDITOR& apos;S REPORT ON THE PRIMARY GOVERNMENT FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION October 19, 1998 Members of the. STATE OF MISSISSIPPI OFFICE OF THE STATE AUDITOR PHIL BRYANT State Auditor RAMONA HILL, CPA Director, Financial and Compliance Audit. by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material