HANCOCK COUNTY TABLE OF CONTENTS FINANCIAL SECTION_part1 ppt

STATE OF MISSISSIPPI STEVEN A. PATTERSON State Auditor WILLIAM S. JONES, CPA Director, Department of Audit ED P. YARBOROUGH, CPA Director, Division of County Audits HANCOCK COUNTY, MISSISSIPPI General Purpose Financial Statements and Special Reports For the Year Ended September 30, 1995 HANCOCK COUNTY TABLE OF CONTENTS FINANCIAL SECTION 2 INDEPENDENT AUDITOR'S REPORT 3 GENERAL PURPOSE FINANCIAL STATEMENTS 5 Combined Balance Sheet - All Fund Types and Account Groups and Discretely Presented Component Units 6 Combined Statement of Revenues, Expenditures and Changes in Fund Balances - All Governmental Fund Types and Discretely Presented Component Units 8 Combined Statement of Revenues, Expenditures and Changes in Fund Balances - Budget (Non-GAAP Budgetary Basis) and Actual - All Governmental Fund Types 10 Combined Statement of Revenues, Expenses and Changes in Retained Earnings - Proprietary Fund Type and Discretely Presented Component Units 12 Combined Statement of Cash Flows - Discretely Presented Proprietary Component Units 13 Notes to Financial Statements 15 SUPPLEMENTAL INFORMATION 41 Schedule of Federal Financial Assistance 43 SPECIAL REPORTS 45 Independent Auditor's Report on the Internal Control Structure Based on an Audit of the General Purpose Financial Statements Performed in Accordance with Government Auditing Standards 47 Independent Auditor's Single Audit Report on the Internal Control Structure Used in Administering Federal Financial Assistance Programs 49 Independent Auditor's Report on Central Purchasing System and Purchase Clerk Schedules (Required by Section 31-7-115, Miss. Code Ann. (1972)) 51 Independent Auditor's Report on Compliance Based on an Audit of the General Purpose Financial Statements Performed in Accordance with Government Auditing Standards 57 Independent Auditor's Single Audit Report on Compliance with General Requirements Applicable to Federal Financial Assistance Programs 59 Independent Auditor's Single Audit Report on Compliance with Specific Requirements Applicable to Nonmajor Federal Financial Assistance Program Transactions 61 Independent Auditor's Report on Compliance with State Laws and Regulations 63 FINDINGS AND RECOMMENDATIONS 65 1 HANCOCK COUNTY FINANCIAL SECTION 2 HANCOCK COUNTY (This page left blank intentionally) OFFICE OF THE STATE AUDITOR STEVEN A. PATTERSON AUDITOR 3750 I-55 NORTH FRONTAGE ROAD JACKSON, MISSISSIPPI 39211 (601) 364-2888 FAX (601) 364-2828 3 INDEPENDENT AUDITOR'S REPORT ON THE GENERAL PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION July 15, 1996 Members of the Board of Supervisors Hancock County, Mississippi We have audited the accompanying general purpose financial statements of Hancock County, Mississippi, as of and for the year ended September 30, 1995, as listed in the table of contents. These financial statements are the responsibility of the county's management. Our responsibility is to express an opinion on these financial statements based on our audit. We did not audit the financial statements of Hancock County Human Resource Agency, Hancock Medical Center, Hancock County Port and Harbor Authority, component units, which represents 100% and 100%, respectively, of the assets and revenues of the governmental and proprietary component units columns. Those statements were audited by other auditors whose reports thereon have been furnished to us, and our opinion, insofar as it relates to the amounts included for the aforementioned component units, is based solely on the reports of the other auditors. We conducted our audit in accordance with generally accepted auditing standards and 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 and the reports of the other auditors provide a reasonable basis for our opinion. In our opinion, based on our audit and the reports of other auditors, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of Hancock County, Mississippi, at September 30, 1995, and the results of its operations and cash flows of its proprietary component units for the year then ended, in conformity with generally accepted accounting principles. Our audit was made for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The supplemental information, as listed in the table of contents, is presented for purposes of additional analysis and is not a required part of the general purpose financial statements of Hancock County, Mississippi. Such information has been subjected to the auditing procedures applied in our audit of the general purpose financial statements and, in our opinion, is fairly presented in all material respects in relation to the general purpose financial statements taken as a whole. 4 In accordance with Government Auditing Standards, we have also issued a report dated July 15, 1996, on our consideration of Hancock County, Mississippi's internal control structure and a report dated July 15, 1996, on its compliance with laws and regulations. WILLIAM S. JONES, CPA Director, Department of Audit 5 HANCOCK COUNTY GENERAL PURPOSE FINANCIAL STATEMENTS 6 HANCOCK COUNTY Exhibit A Combined Balance Sheet - All Fund Types and Account Groups and Discretely Presented Component Units September 30, l995 Governmental Fiduciary Account Totals Totals Fund Types Fund Type Groups Memorandum Memorandum Trust General General Only Component Component Only Special Debt and Fixed Long-term Primary Units Units Reporting General Revenue Service Agency Assets Debt Government Governmental Proprietary Entity ASSETS Cash and investments $ 5,438,041 4,610,266 1,154,145 684,921 11,887,373 357,037 1,706,445 13,950,855 Assets whose use is limited 2,284,712 2,284,712 Petty cash 2,400 4,000 6,400 6,400 Cash with fiscal agent 122,234 65,392 3,147 190,773 190,773 Deferred compensation plan assets 367,490 367,490 249,055 616,545 Accounts receivable (net of allowances for uncollectibles $45,040) 174,162 174,162 Patient accounts receivable (net of allowances for uncollectibles $3,526,649) 4,652,472 4,652,472 Other receivables 6,292 6,292 1,656 7,948 Due from other governments 5,338 5,338 163,161 168,499 Due from other funds 41,568 86,160 15,968 9,175 152,871 204,473 1,839,792 2,197,136 Due from primary government 147 147 Advances to other funds 20,063 2,482 22,545 22,545 Notes receivable - current 3,932 3,932 Notes receivable 7,429 183,594 191,023 Inventories 527,220 527,220 Prepaid items 2,397 35,771 38,168 Unamortized bond issue cost 209,235 209,235 Fixed assets (net, where applicable, of accumulated depreciation) 16,266,775 16,266,775 10,622,848 16,053,382 42,943,005 Amount available in debt service funds 1,168,613 1,168,613 1,168,613 Amount to be provided for retirement of general long-term debt 5,068,844 5,068,844 5,068,844 Total Assets $ 5,635,936 4,768,300 1,170,113 1,064,733 16,266,775 6,237,457 35,143,314 11,357,492 27,921,428 74,422,234 This is trial version www.adultpdf.com [...]... 4,413,012 $ 65,392 4,169,664 4,237,538 1,168,613 0 16,266,775 0 187,626 8,440,379 26,085,938 5,635,936 4,768,300 1,170,113 1,064,733 16,266,775 6,237,457 35,143,314 The notes to the financial statements are an integral part of this statement This is trial version www.adultpdf.com 7 ... EQUITY Liabilities: Claims payable Other accrued liabilities Amounts held in custody for others Due to other governments Due to other funds Due to component units Advances from other funds Current portion of debt payable Accrued interest payable Deferred revenues Compensated absences liability General obligation bonds payable Capital leases payable Other loans and notes payable Other liabilities Total Liabilities . statements of Hancock County, Mississippi, as of and for the year ended September 30, 1995, as listed in the table of contents. These financial statements are the responsibility of the county& apos;s. Purpose Financial Statements and Special Reports For the Year Ended September 30, 1995 HANCOCK COUNTY TABLE OF CONTENTS FINANCIAL SECTION 2 INDEPENDENT AUDITOR'S REPORT 3 GENERAL PURPOSE FINANCIAL. Regulations 63 FINDINGS AND RECOMMENDATIONS 65 1 HANCOCK COUNTY FINANCIAL SECTION 2 HANCOCK COUNTY (This page left blank intentionally) OFFICE OF THE STATE AUDITOR STEVEN A. PATTERSON AUDITOR 3750