STATE OF MISSISSIPPI OFFICE OF THE STATE AUDITOR PHIL BRYANT _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 SUNFLOWER COUNTY, MISSISSIPPI Primary Government Financial Statements and Special Reports For the Year Ended September 30, 1997 SUNFLOWER 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 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 23 Schedule of Expenditures of Federal Awards 25 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 Compliance with Requirements Applicable to Each Major Program and Internal Control Over Compliance in Accordance with OMB Circular A-133 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 AND QUESTIONED COSTS 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 SUNFLOWER COUNTY FINANCIAL SECTION 2 SUNFLOWER 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 14, 1998 Members of the Board of Supervisors Sunflower County, Mississippi We have audited the accompanying primary government financial statements of Sunflower 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 Sunflower 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 Sunflower County, Mississippi, do not purport to, and do not present fairly the financial position of Sunflower 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 October 14, 1998, on our consideration of Sunflower 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 Sunflower County, Mississippi, taken as a whole. The accompanying Schedule of Expenditures of Federal Awards is presented for purposes of additional analysis as required by U.S. Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, 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 SUNFLOWER COUNTY PRIMARY GOVERNMENT FINANCIAL STATEMENTS 6 SUNFLOWER 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 Trust General General Only Special Debt and Fixed Long-term Primary General Revenue Service Agency Assets Debt Government ASSETS Cash and investments (Note 4) $ 1,688,708 3,650,514 565,660 80,313 5,985,195 Other receivables 15,513 12,278 27,791 Intergovernmental receivables 131,277 31,838 163,115 Interfund receivables (Note 5) 1,337 44,069 13,875 15,319 74,600 Fixed assets (Note 6) 7,800,945 7,800,945 Amount available in debt service funds 557,080 557,080 Amount to be provided for retirement of general long-term debt 6,657,258 6,657,258 Total Assets $ 1,836,835 3,738,699 579,535 95,632 7,800,945 7,214,338 21,265,984 LIABILITIES AND FUND EQUITY Liabilities: Claims payable $ 234,952 302,999 22,455 560,406 Other accrued liabilities 2,641 12,284 14,925 Amounts held in custody for others 2,040 25,928 27,968 Intergovernmental payables 139,568 68,367 207,935 Interfund payables (Note 5) 73,263 1,337 74,600 General obligation bonds payable (Note 9) 6,195,000 6,195,000 Capital leases payable (Note 9) 94,338 94,338 Other loans and notes payable (Note 9) 925,000 925,000 Total Liabilities 452,464 315,283 22,455 95,632 0 7,214,338 8,100,172 Fund Equity: Investment in general fixed assets 7,800,945 7,800,945 Fund balances: Reserved for debt service 557,080 557,080 Unreserved 1,384,371 3,423,416 4,807,787 Total Fund Equity 1,384,371 3,423,416 557,080 0 7,800,945 0 13,165,812 Total Liabilities and Fund Equity $ 1,836,835 3,738,699 579,535 95,632 7,800,945 7,214,338 21,265,984 The notes to the financial statements are an integral part of this statement. This is trial version www.adultpdf.com [...]... 19,402 360 918 236,534 (64,552) Other Financing Sources (Uses) Proceeds of general obligation bonds Proceeds of other debt Proceeds from sale of assets Insurance recoveries Operating transfers in Operating transfers out Grant from City of Indianola to purchase land Payment from South Sunflower County Hospital on bonds Payment to escrow agent to refund bonds Total Other Financing Sources (Uses) 587,405... 6,773,774 (129,223) Excess of Revenues over (under) Expenditures 17,910 925,000 4,020,000 1,486,402 31,360 32,313 355,055 (355,055) 925,000 85,000 85,000 (975,000) (975,000) 192,662 $ 130,000 17,910 5,605,075 1,520,839 182,071 0 1,766,349 1,320,932 Fund Balances Beginning of year 5,264,503 63,439 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses End of year 2,627,922 32,178... works Health & welfare Conservation of natural resources Economic development & assistance Capital projects Debt service: Principal retirement Interest and fiscal charges Total Expenditures Debt Service 178,416 439,999 $ Special Revenue 1,902,577 375,009 0 3,598,518 1,384,371 3,423,416 557,080 0 5,364,867 The notes to the financial statements are an integral part of this statement 7 ...SUNFLOWER COUNTY Combined Statement of Revenues, Expenditures and Changes in Fund Balances All Governmental Fund Types and Expendable Trust Funds For the Year Ended September 30, 1997 Exhibit B Governmental Fund Types Fiduciary Fund Type Expendable Trust Totals Memorandum Only Primary Government General Revenues Property taxes Licenses, commissions and other revenue Fines and forfeitures Intergovernmental... Totals Memorandum Only Primary Government General Revenues Property taxes Licenses, commissions and other revenue Fines and forfeitures Intergovernmental revenues: Federal sources State and local sources Charges for services Use of money and property Miscellaneous revenues Total Revenues 1,206,168 744,002 248,285 426,701 439,999 325,599 891,744 296,275 35,255 26,784 3,030,110 357,777 1,279,272 516,918 . intentionally) 3 OFFICE OF THE STATE AUDITOR PHIL BRYANT AUDITOR INDEPENDENT AUDITOR& apos;S REPORT ON THE PRIMARY GOVERNMENT FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION October 14, 1998 Members of the. STATE OF MISSISSIPPI OFFICE OF THE STATE AUDITOR PHIL BRYANT State Auditor RAMONA HILL, CPA Director, Financial and Compliance Audit. all material respects, the financial position of the primary government of Sunflower County, Mississippi, as of September 30, 1997, and the results of its operations for the year then ended, in conformity