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_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 JEFFERSON COUNTY, MISSISSIPPI Primary Government Financial Statements and Special Reports For the Year Ended September 30, 1997 JEFFERSON 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 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 25 Reconciliation of Operating Costs of Solid Waste 27 SPECIAL REPORTS 29 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 31 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)) 33 Independent Auditor's Report on Compliance with State Laws and Regulations 39 SCHEDULE OF FINDINGS 41 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 JEFFERSON COUNTY FINANCIAL SECTION 2 JEFFERSON 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 April 22, 1998 Members of the Board of Supervisors Jefferson County, Mississippi We have audited the accompanying primary government financial statements of Jefferson 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 Jefferson 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 Jefferson County, Mississippi, do not purport to, and do not present fairly the financial position of Jefferson 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 April 22, 1998, on our consideration of Jefferson 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 Jefferson County, Mississippi, taken as a whole. The accompanying Schedule of 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 JEFFERSON COUNTY PRIMARY GOVERNMENT FINANCIAL STATEMENTS 6 JEFFERSON 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 General General Only Special Debt Capital Fixed Long-term Primary General Revenue Service Projects Agency Assets Debt Government ASSETS Cash and investments (Note 4) $ 155,762 865,381 24,912 12,391 1,058,446 Other receivables 14,980 14,980 Intergovernmental receivables 66,029 66,029 Interfund receivables (Note 5) 34,432 5,708 5,547 45,687 Advance to other funds (Note 5) 52,620 630,230 75,841 47,100 805,791 Fixed assets (Note 6) 8,016,063 8,016,063 Amount available in debt service funds 23,606 23,606 Amount to be provided for retirement of general long-term debt 8,105,915 8,105,915 Total Assets $ 289,391 1,530,043 106,461 47,100 17,938 8,016,063 8,129,521 18,136,517 LIABILITIES AND FUND EQUITY Liabilities: Claims payable $ 52,281 83,575 135,856 Amounts held in custody for others 953 953 Intergovernmental payables 207,498 94,493 16,985 318,976 Interfund payables (Note 5) 42,245 3,442 45,687 Advances from other funds (Note 5) 566,282 207,583 31,926 805,791 Compensated absences liability (Note 9) 31,298 31,298 General obligation bonds payable (Note 9) 1,655,000 1,655,000 Limited obligation bonds payable (Note 9) 5,865,000 5,865,000 Equipment notes payable (Note 9) 97,131 97,131 Capital leases payable (Note 9) 161,040 161,040 Other loans and notes payable (Note 9) 320,052 320,052 Total Liabilities 868,306 389,093 31,926 0 17,938 0 8,129,521 9,436,784 Fund Equity: Investment in general fixed assets 8,016,063 8,016,063 Fund balances: Reserved for advances 25,614 411,115 73,941 47,100 557,770 Reserved for debt service 23,606 23,606 Unreserved (604,529) 729,835 (23,012) 102,294 Total Fund Equity (578,915) 1,140,950 74,535 47,100 0 8,016,063 0 8,699,733 Total Liabilities and Fund Equity $ 289,391 1,530,043 106,461 47,100 17,938 8,016,063 8,129,521 18,136,517 The notes to the financial statements are an integral part of this statement. This is trial version www.adultpdf.com . 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. COUNTY FINANCIAL SECTION 2 JEFFERSON COUNTY (This page left blank intentionally) 3 OFFICE OF THE STATE AUDITOR PHIL BRYANT AUDITOR INDEPENDENT AUDITOR& apos;S REPORT ON THE PRIMARY GOVERNMENT FINANCIAL. 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