STATE OF MISSISSIPPI OFFICE OF THE STATE AUDITOR PHIL BRYANT_part1 ppt

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 PERRY COUNTY, MISSISSIPPI Primary Government Financial Statements and Special Reports For the Year Ended September 30, 1997 PERRY 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 and Expendable Trust Funds 8 Combined Statement of Revenues, Expenditures and Changes in Fund Balances - Budget (Non-GAAP Budgetary Basis) and Actual - All Governmental Fund Types 10 Statement of Revenues, Expenses and Changes in Retained Earnings - Proprietary Fund Type - Enterprise Funds 12 Statement of Cash Flows - Proprietary Fund Type - Enterprise Funds 13 Notes to Financial Statements 14 SPECIAL REPORTS 27 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 29 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)) 31 Independent Auditor's Report on Compliance with State Laws and Regulations 37 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 PERRY COUNTY FINANCIAL SECTION 2 PERRY 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 October 1, 1998 Members of the Board of Supervisors Perry County, Mississippi We have audited the accompanying primary government financial statements of Perry 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 Perry 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 Perry County, Mississippi, do not purport to, and do not present fairly the financial position of Perry 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 October 1, 1998, on our consideration of Perry 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 PERRY COUNTY PRIMARY GOVERNMENT FINANCIAL STATEMENTS 6 PERRY 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 Trust General General Only Special Debt and Fixed Long-term Primary General Revenue Service Enterprise Agency Assets Debt Government ASSETS Cash and investments (Note 3) $ 3,311,659 1,845,564 257,351 517,552 31,482 5,963,608 Accounts receivable (net of allowances for uncollectibles $46,903) 55,100 55,100 Other receivables 168 168 Intergovernmental receivables 52,419 60,000 112,419 Interfund receivables (Note 4) 2,967 20,441 2,505 3,648 4,013 33,574 Fixed assets (net, where applicable, of accumulated depreciation) (Note 5) 141,649 8,631,613 8,773,262 Amount available in debt service funds 259,856 259,856 Amount to be provided for retirement of general long-term debt 2,699,402 2,699,402 Total Assets $ 3,367,213 1,926,005 259,856 717,949 35,495 8,631,613 2,959,258 17,897,389 LIABILITIES AND FUND EQUITY Liabilities: Claims payable $ 47,280 165,991 15,293 228,564 Amounts held in custody for others 1,663 441 2,104 Intergovernmental payables 51,235 18,811 70,046 Interfund payables (Note 4) 30,607 2,967 33,574 Current portion of long-term debt (Note 8) 35,680 35,680 Compensated absences liability (Note 8) 23,956 23,956 General obligation bonds payable (Note 8) 2,800,000 2,800,000 Capital leases payable (Note 8) 82,779 135,302 218,081 Total Liabilities 130,785 165,991 0 136,719 19,252 0 2,959,258 3,412,005 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. Auditor& apos;s Report on Compliance with State Laws and Regulations 37 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 PERRY COUNTY FINANCIAL SECTION 2 PERRY COUNTY (This page left blank intentionally) 3 OFFICE OF THE STATE AUDITOR PHIL BRYANT AUDITOR INDEPENDENT