STATE OF MISSISSIPPI OFFICE OF THE STATE AUDITOR PHIL BRYANT State Auditor RAMONA HILL pptx

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 NESHOBA COUNTY, MISSISSIPPI Primary Government Financial Statements and Special Reports For the Year Ended September 30, 1997 NESHOBA 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 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 - Solid Waste Enterprise Fund 12 Statement of Cash Flows - Proprietary Fund Type - Solid Waste Enterprise Fund 13 Notes to Financial Statements 14 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 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 NESHOBA COUNTY FINANCIAL SECTION 2 NESHOBA 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 January 20, 1998 Members of the Board of Supervisors Neshoba County, Mississippi We have audited the accompanying primary government financial statements of Neshoba 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 did not audit the financial statements of the Proprietary Fund Type. Those financial statements were audited by other auditors whose report has been furnished to us, and our opinion on the primary government financial statements, insofar as it relates to the amounts included for the Proprietary Fund Type, is based on the report of the other auditors. 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 and the report of other auditors 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, based on our audit and the report of other auditors, the primary government financial statements referred to above present fairly, in all material respects, the financial position of the primary government of Neshoba County, Mississippi, as of September 30, 1997, and the results of its operations and cash flows of its Enterprise Fund Type 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 Neshoba County, Mississippi, do not purport to, and do not present fairly the financial position of Neshoba County, Mississippi, as of September 30, 1997, and the results of its operations and cash flows of its Enterprise Fund Type for the year then ended in conformity with generally accepted accounting principles. 4 In accordance with Government Auditing Standards , we have also issued a report dated January 20, 1998, on our consideration of Neshoba County, Mississippi's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grants. PHIL BRYANT RAMONA HILL, CPA State Auditor Director, Financial and Compliance Audit Division 5 NESHOBA COUNTY PRIMARY GOVERNMENT FINANCIAL STATEMENTS 6 NESHOBA COUNTY Exhibit A Combined Balance Sheet - All Fund Types and Account Groups September 30, l997 Governmental Proprietary Fiduciary Account Totals Fund Types Fund Type Fund Type Groups Memorandum General General Only Special Debt Capital Fixed Long-term Primary General Revenue Service Projects Enterprise Agency Assets Debt Government ASSETS Cash and investments (Note 3) $ 987,080 703,332 261,929 2,707,852 20,441 55,421 4,736,055 Accounts receivable (net of allowance for uncollectibles $94,437) 101,749 101,749 Other receivables 1,485 1,485 Intergovernmental receivables 118,757 118,757 Interfund receivables (Note 4) 18,625 50,130 20,406 7,428 96,589 Advance to other funds (Note 4) 46,631 46,631 Lease payments receivable (Note 8) 657,750 657,750 Fixed assets (net, where applicable, of accumulated depreciation) (Note 5) 156,901 9,226,181 9,383,082 Amount available in debt service funds 282,335 282,335 Amount to be provided for retirement of general long-term debt 7,651,618 7,651,618 Total Assets $ 1,172,578 1,411,212 282,335 2,707,852 279,091 62,849 9,226,181 7,933,953 23,076,051 LIABILITIES AND FUND EQUITY Liabilities: Claims payable $ 53,846 252,369 12,175 318,390 Amounts held in custody for others 2,520 3,763 6,283 Intergovernmental payables 219,206 59,086 278,292 Interfund payables (Note 4) 77,964 18,625 96,589 Advances from other funds (Note 4) 46,631 46,631 Deferred revenue - lease principal payments (Note 8) 570,000 570,000 Deferred revenue - lease interest payments (Note 8) 87,750 87,750 Compensated absences liability (Note 9) 47,207 47,207 General obligation bonds payable (Note 9) 5,275,000 5,275,000 Limited obligation bonds payable (Note 9) 1,355,000 1,355,000 Capital leases payable (Note 9) 130,641 1,122,495 1,253,136 Other loans and notes payable (Note 9) 134,251 134,251 Total Liabilities 351,016 912,639 0 0 208,072 62,849 0 7,933,953 9,468,529 This is trial version www.adultpdf.com [...]... 2,707,852 2,707,852 71,019 0 9,226,181 0 46,631 282,335 3,981,356 13,607,522 1,172,578 1,411,212 282,335 2,707,852 279,091 62,849 9,226,181 7,933,953 23,076,051 282,335 $ The notes to the financial statements are an integral part of this statement This is trial version www.adultpdf.com 7 . STATE OF MISSISSIPPI OFFICE OF THE STATE AUDITOR PHIL BRYANT State Auditor RAMONA HILL, CPA Director, Financial and Compliance Audit Division ED. 33 Independent Auditor& apos;s Report on Compliance with State Laws and Regulations 39 3750 I-55 NORTH FRONTAGE ROAD JACKSON, MISSISSIPPI 39211 (601) 364-2888 FAX (601) 364-2828 The Office of the State Auditor. on the basis of race, religion, national origin, sex, age or disability 1 NESHOBA COUNTY FINANCIAL SECTION 2 NESHOBA COUNTY (This page left blank intentionally) 3 OFFICE OF THE STATE AUDITOR PHIL