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 DAVIS COUNTY, MISSISSIPPI Primary Government Financial Statements and Special Reports For the Year Ended September 30, 1997 JEFFERSON DAVIS 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 19 Reconciliation of Operating Costs of Solid Waste 21 SPECIAL REPORTS 23 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 25 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)) 27 Independent Auditor's Report on Compliance with State Laws and Regulations 33 SCHEDULE OF FINDINGS 35 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 DAVIS COUNTY FINANCIAL SECTION 2 JEFFERSON DAVIS 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 July 27, 1998 Members of the Board of Supervisors Jefferson Davis County, Mississippi We have audited the accompanying primary government financial statements of Jefferson Davis 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 Davis 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 Davis County, Mississippi, do not purport to, and do not present fairly the financial position of Jefferson Davis 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 July 27, 1998, on our consideration of Jefferson Davis 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 Davis 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 DAVIS COUNTY PRIMARY GOVERNMENT FINANCIAL STATEMENTS 6 JEFFERSON DAVIS COUNTY Exhibit A Combined Balance Sheet - All Fund Types and Account Groups September 30, l997 Governmental Fiduciary Account Totals Fund Types Fund Types Groups Memorandum Trust General General Only Special and Fixed Long-term Primary General Revenue Agency Assets Debt Government ASSETS Cash and investments (Note 4) $ 2,813,196 1,422,537 64,054 4,299,787 Other receivables 1,592 1,592 Intergovernmental receivables 156,927 156,927 Interfund receivables (Note 5) 33,661 4,683 38,344 Fixed assets (Note 6) 6,123,323 6,123,323 Amount to be provided for retirement of general long-term debt 55,132 55,132 Total Assets $ 2,971,715 1,456,198 68,737 6,123,323 55,132 10,675,105 LIABILITIES AND FUND EQUITY Liabilities: Claims payable $ 134,429 134,329 268,758 Amounts held in custody for others 51,482 51,482 Intergovernmental payables 50,499 50,499 Interfund payables (Note 5) 38,344 38,344 Claims and judgments liability (Note 7) 55,132 55,132 Total Liabilities 223,272 134,329 51,482 0 55,132 464,215 Fund Equity: Investment in general fixed assets 6,123,323 6,123,323 Fund balances: Unreserved 2,748,443 1,321,869 17,255 4,087,567 Total Fund Equity 2,748,443 1,321,869 17,255 6,123,323 0 10,210,890 Total Liabilities and Fund Equity $ 2,971,715 1,456,198 68,737 6,123,323 55,132 10,675,105 The notes to the financial statements are an integral part of this statement. This is trial version www.adultpdf.com [...]... 1,321,869 The notes to the financial statements are an integral part of this statement 7 0 JEFFERSON DAVIS COUNTY Combined Statement of Revenues, Expenditures and Changes in Fund Balances Budget (Non-GAAP Budgetary Basis) and Actual - All Governmental Fund Types For the Year Ended September 30, l997 General Fund Special Revenue Funds Budget Revenues Property taxes Licenses, commissions and other revenue... 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 revenues: Federal... works Health and welfare Culture and recreation Education Conservation of natural resources Economic development and assistance Capital projects Debt service Other costs Total Expenditures 1,491,795 50,600 139,132 $ Actual Variance Favorable (Unfavorable) 2,091,369 1,344,037 1,344,037 2,743,912 2,743,912 1,421,294 1,422,537 The notes to the financial statements are an integral part of this statement 8... 652,543 0 77,257 78,500 1,243 2,091,369 $ 51,821 139,132 7,234 Fund Balances Beginning of year 1,035,343 645,309 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses 1,035,343 107,655 2,681,152 Other Financing Sources (Uses) (1,221) 1,131,906 561,255 5,000 207,755 58,623 527,602 46,672 34,676 8 Excess of Revenues over (under) Expenditures 1,490,574 4,570 1,316,090 69,104 194,352 60,818... l997 General Fund Special Revenue Funds Budget 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 End of year 1,221 145,449 145,449 4,570 1,316,090 69,104 194,352 62,089 3,327,732 529,785 48,576 529,785 48,576 1,546... 760,344 2,013,433 Fund Balances Beginning of year 4,022 730,263 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses End of year 1,474,189 1,341 888,488 69,104 194,589 30,783 2,847,878 Expenditures Current: General government Public safety Public works Health & welfare Culture & recreation Conservation of natural resources Economic development & assistance Capital projects... Federal sources State and local sources Charges for services Use of money and property Miscellaneous revenues Total Revenues 1,028,841 159 145,827 196,079 139,132 172,659 527,545 48,576 0 174,000 1,416,033 117,680 194,589 32,329 4,773,031 1,546 1,924,994 159 2,503,189 1,176,442 562,119 5,000 222,764 46,620 46,529 34,676 24,681 2,118,831 Other Financing Sources (Uses) Proceeds from sale of assets Insurance... Total Other Financing Sources (Uses) 161,533 600 1,899,094 0 0 1,273,843 593,084 1,538,669 222,764 121,546 46,529 196,209 25,281 4,017,925 729,047 Excess of Revenues over (under) Expenditures 97,401 30,965 1,533,669 25,900 159 0 755,106 74,926 4,022 4,022 1,216 1,245 (1,245) 1,216 1,245 (1,245) 1,216 Residual equity transfers 0 0 5,238 29,922 159 0 760,344 2,013,433 Fund Balances Beginning of year . 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,. 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. COUNTY FINANCIAL SECTION 2 JEFFERSON DAVIS 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