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_part1 pptx

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 JONES COUNTY, MISSISSIPPI Primary Government Financial Statements and Special Reports For the Year Ended September 30, 1995 JONES COUNTY TABLE OF CONTENTS FINANCIAL SECTION INDEPENDENT AUDITOR'S REPORT PRIMARY GOVERNMENT FINANCIAL STATEMENTS Combined Balance Sheet - All Fund Types and Account Groups Combined Statement of Revenues, Expenditures and Changes in Fund Balances - All Governmental Fund Types and Expendable Trust Funds Combined Statement of Revenues, Expenditures and Changes in Fund Balances - Budget (Non-GAAP Budgetary Basis) and Actual - All Governmental Fund Types 10 Notes to Financial Statements 12 SUPPLEMENTAL INFORMATION 29 Schedule of Federal Financial Assistance 31 SPECIAL REPORTS 33 Independent Auditor's Report on the Internal Control Structure Based on an Audit of the Primary Government Financial Statements Performed in Accordance with Government Auditing Standards 35 Independent Auditor's Single Audit Report on the Internal Control Structure Used in Administering Federal Financial Assistance Programs 37 Independent Auditor's Report on Central Purchasing System and Purchase Clerk Schedules (Required by Section 31-7-115, Miss Code Ann (1972)) 41 Independent Auditor's Report on Compliance Based on an Audit of the Primary Government Financial Statements Performed in Accordance with Government Auditing Standards 47 Independent Auditor's Single Audit Opinion on Compliance with Specific Requirements Applicable to Major Federal Financial Assistance Programs 49 Independent Auditor's Single Audit Report on Compliance with General Requirements Applicable to Federal Financial Assistance Programs 51 Independent Auditor's Single Audit Report on Compliance with Specific Requirements Applicable to Nonmajor Federal Financial Assistance Program Transactions 53 Independent Auditor's Report on Compliance with State Laws and Regulations 55 FINDINGS AND RECOMMENDATIONS 57 JONES COUNTY FINANCIAL SECTION JONES COUNTY (This page left blank intentionally) OFFICE OF THE STATE AUDITOR STEVEN A PATTERSON AUDITOR INDEPENDENT AUDITOR'S REPORT ON THE PRIMARY GOVERNMENT FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION July 8, 1996 Members of the Board of Supervisors Jones County, Mississippi We have audited the accompanying primary government financial statements of Jones 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 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 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 Jones County, Mississippi, at September 30, 1995, 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 not include the financial data of component units of Jones County, Mississippi, not purport to, and not present fairly the financial position of Jones County, Mississippi, at September 30, 1995, and the results of its operations 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 primary government 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 primary government financial statements of Jones County, Mississippi Such information has been subjected to the auditing procedures applied in our audit of the primary government financial statements and, in our opinion, is fairly presented in all material respects in relation to the primary government financial statements taken as a whole 3750 I-55 NORTH FRONTAGE ROAD JACKSON, MISSISSIPPI 39211 (601) 364-2888 FAX (601) 364-2828 In accordance with Government Auditing Standards, we have also issued a report dated July 8, 1996, on our consideration of Jones County, Mississippi's internal control structure and a report dated July 8, 1996, on its compliance with laws and regulations WILLIAM S JONES, CPA Director, Department of Audit JONES COUNTY PRIMARY GOVERNMENT FINANCIAL STATEMENTS JONES COUNTY Combined Balance Sheet - All Fund Types and Account Groups September 30, l995 Exhibit A Governmental Fund Types Special Revenue Capital Projects 4,575,378 General Debt Service Fiduciary Fund Type Trust and Agency 137,170 24,359 Account Groups General Fixed Assets 428,468 General Long-term Debt Totals Memorandum Only Primary Government ASSETS Cash and investments Petty cash Deferred compensation plan assets Other receivables Due from other governments Due from other funds Loans receivable Fixed assets Amount available in debt service funds Amount to be provided for retirement of general long-term debt Total Assets $ 1,035,423 1,973 6,200,798 1,973 469,520 10,796 203,496 510,957 75,000 15,345,482 469,520 4,223 6,573 159,403 257,079 44,093 195,529 75,000 29,035 3,000 26,314 15,345,482 144,533 $ 1,460,451 4,890,000 $ 197,051 16,718 346,376 239,285 166,205 234,687 27,359 928,525 15,345,482 144,533 11,190,423 11,334,956 11,190,423 34,152,978 87,669 8,240,000 2,667,838 339,449 11,334,956 435,373 490,201 786,494 510,957 87,669 8,240,000 2,667,838 339,449 13,557,981 LIABILITIES AND FUND EQUITY Liabilities: Claims payable Amounts held in custody for others Due to other governments Due to other funds Claims and judgments liability General obligation bonds payable Capital leases payable Other loans and notes payable Total Liabilities 3,635 473,483 440,118 250,000 799,430 484,687 21,672 21,672 3,635 This is trial version www.adultpdf.com 913,601 Fund Equity: Investment in general fixed assets Fund balances: Reserved for debt service Reserved for loans receivable Unreserved Total Fund Equity Total Liabilities and Fund Equity 15,345,482 15,345,482 661,021 661,021 144,533 $ 75,000 4,330,313 4,405,313 144,533 23,724 23,724 14,924 14,924 15,345,482 144,533 75,000 5,029,982 20,594,997 1,460,451 4,890,000 166,205 27,359 928,525 15,345,482 11,334,956 34,152,978 The notes to the financial statements are an integral part of this statement This is trial version www.adultpdf.com ... Independent Auditor'' s Report on Compliance Based on an Audit of the Primary Government Financial Statements Performed in Accordance with Government Auditing Standards 47 Independent Auditor'' s Single Audit. .. government financial statements of Jones County, Mississippi Such information has been subjected to the auditing procedures applied in our audit of the primary government financial statements and,... compliance with laws and regulations WILLIAM S JONES, CPA Director, Department of Audit JONES COUNTY PRIMARY GOVERNMENT FINANCIAL STATEMENTS JONES COUNTY Combined Balance Sheet - All Fund Types