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 docx

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 YAZOO COUNTY, MISSISSIPPI General Purpose Financial Statements and Special Reports For the Year Ended September 30, 1995 YAZOO COUNTY TABLE OF CONTENTS FINANCIAL SECTION INDEPENDENT AUDITOR'S REPORT GENERAL PURPOSE 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 General Purpose 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 General Purpose Financial Statements Performed in Accordance with Government Auditing Standards 47 Independent Auditor's Single Audit Report on Compliance with General Requirements Applicable to Federal Financial Assistance Programs 49 Independent Auditor's Single Audit Report on Compliance with Specific Requirements Applicable to Nonmajor Federal Financial Assistance Program Transactions 51 Independent Auditor's Report on Compliance with State Laws and Regulations 53 FINDINGS AND RECOMMENDATIONS 55 YAZOO COUNTY FINANCIAL SECTION YAZOO COUNTY (This page left blank intentionally) OFFICE OF THE STATE AUDITOR STEVEN A PATTERSON AUDITOR INDEPENDENT AUDITOR'S REPORT ON THE GENERAL PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION August 30, 1996 Members of the Board of Supervisors Yazoo County, Mississippi We have audited the accompanying general purpose financial statements of Yazoo 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 As described more fully in Note to the financial statements, the general purpose financial statements referred to above not include a certain component unit of the county, which should be included in discretely presented component unit columns in order to conform with generally accepted accounting principles The amounts that should be recorded in the discretely presented component unit columns are not known In our opinion, except for the effects on the financial statements of the omission described in the preceding paragraph, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of Yazoo 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 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 Yazoo 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 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 August 30, 1996, on our consideration of Yazoo County, Mississippi's internal control structure and a report dated August 30, 1996, on its compliance with laws and regulations WILLIAM S JONES, CPA Director, Department of Audit YAZOO COUNTY GENERAL PURPOSE FINANCIAL STATEMENTS YAZOO COUNTY Combined Balance Sheet - All Fund Types and Account Groups September 30, l995 Exhibit A Governmental Fund Types Fiduciary Fund Type Account Groups Special Revenue Debt Service Capital Projects Trust and Agency 813,327 5,750 1,865,132 437,618 1,714,562 200,146 24,019 131,489 28,837 4,384 38,930 General General Fixed Assets General Long-term Debt Totals Memorandum Only Primary Government ASSETS Cash and investments Petty cash Cash with fiscal agent Cash on deposit in risk pool Due from other governments Due from other funds Fixed assets Amount available in debt service funds Amount to be provided for retirement of general long-term debt Total Assets $ 5,030,785 5,750 10,958 52,999 135,873 66,114 13,495,684 10,958 143 23,447 3,737 13,495,684 457,675 $ 974,585 1,937,283 $ 211,632 472,023 1,714,562 204,026 13,495,684 457,675 17,315,573 17,773,248 17,315,573 36,571,411 71,753 11,970,000 3,915,000 1,816,495 17,773,248 403,206 141,964 165,828 66,114 10,958 71,753 11,970,000 3,915,000 1,816,495 18,561,318 191,574 LIABILITIES AND FUND EQUITY Liabilities: Claims payable Amounts held in custody for others Due to other governments Due to other funds Matured bonds and interest payable Compensated absences liability General obligation bonds payable Limited obligation bonds payable Capital leases payable Total Liabilities 141,964 48,212 117,616 62,724 3,390 10,958 391,972 191,574 14,348 190,176 This is trial version www.adultpdf.com Fund Equity: Investment in general fixed assets Fund balances: Reserved for debt service Reserved for cash in risk pool Unreserved Total Fund Equity Total Liabilities and Fund Equity 13,495,684 13,495,684 13,495,684 457,675 52,999 4,003,735 18,010,093 13,495,684 17,773,248 36,571,411 457,675 24,019 558,594 582,613 $ 28,837 1,716,872 1,745,709 457,675 1,714,562 1,714,562 143 13,707 13,850 974,585 1,937,283 472,023 1,714,562 204,026 The notes to the financial statements are an integral part of this statement This is trial version www.adultpdf.com ... intentionally) OFFICE OF THE STATE AUDITOR STEVEN A PATTERSON AUDITOR INDEPENDENT AUDITOR'' S REPORT ON THE GENERAL PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION August 30, 1996 Members of the... Independent Auditor'' s Report on Compliance Based on an Audit of the General Purpose Financial Statements Performed in Accordance with Government Auditing Standards 47 Independent Auditor'' s Single Audit. .. of the Board of Supervisors Yazoo County, Mississippi We have audited the accompanying general purpose financial statements of Yazoo County, Mississippi, as of and for the year ended September