BENTON COUNTY TABLE OF CONTENTS FINANCIAL _part1 docx

YARBOROUGH, CPA Director, Division of County Audits BENTON COUNTY, MISSISSIPPI Primary Government Financial Statements and Special Reports For the Year Ended September 30, 1995... 27 Ind

STATE OF MISSISSIPPI

STEVEN A PATTERSON State Auditor WILLIAM S JONES, CPA Director, Department of Audit

ED P YARBOROUGH, CPA Director, Division of County Audits

BENTON COUNTY, MISSISSIPPI

Primary Government Financial Statements and Special Reports

For the Year Ended September 30, 1995

BENTON 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 23

Schedule of Federal Financial Assistance 25

SPECIAL REPORTS 27

Independent Auditor's Report on the Internal Control Structure Based on an Audit of the Primary Government Financial Statements Performed in Accordance with Government Auditing Standards 29

Independent Auditor's Single Audit Report on the Internal Control Structure Used in Administering Federal Financial Assistance Programs 31

Independent Auditor's Report on Central Purchasing System and Purchase Clerk Schedules (Required by Section 31-7-115, Miss Code Ann (1972)) 35

Independent Auditor's Report on Compliance Based on an Audit of the Primary Government Financial Statements Performed in Accordance with Government Auditing Standards 41

Independent Auditor's Single Audit Report on Compliance with General Requirements Applicable to Federal Financial Assistance Programs 43

Independent Auditor's Single Audit Report on Compliance with Specific Requirements Applicable to Nonmajor Federal Financial Assistance Program Transactions 45

Independent Auditor's Report on Compliance with State Laws and Regulations 47

FINDINGS AND RECOMMENDATIONS 49

BENTON COUNTY

FINANCIAL SECTION

2 BENTON COUNTY

(This page left blank intentionally)

OFFICE OF THE STATE AUDITOR

STEVEN A PATTERSON

AUDITOR

3

INDEPENDENT AUDITOR'S REPORT

ON THE PRIMARY GOVERNMENT FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION

April 9, 1996 Members of the Board of Supervisors

Benton County, Mississippi

We have audited the accompanying primary government financial statements of Benton County,

Mississippi, as of and for the year ended September 30, 1995, as listed in the table of contents These financial statements are the responsibility of the county's management Our responsibility is to express an opinion on these financial statements based on our audit

We conducted our audit in accordance with generally accepted auditing standards and 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 Benton County, Mississippi, at September

30, 1995, 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 Benton County, Mississippi, do not purport to, and do not present fairly the financial position

of Benton County, Mississippi, at September 30, 1995, and the results of its operations for the year then ended in conformity with generally accepted accounting principles

Our audit was made for the purpose of forming an opinion on the primary government financial

statements taken as a whole The supplemental information, as listed in the table of contents, is presented for purposes of additional analysis and is not a required part of the primary government financial statements of Benton County, Mississippi Such information has been subjected to the auditing procedures applied in our audit

of the primary government financial statements and, in our opinion, is fairly presented in all material respects in relation to the primary government financial statements taken as a whole

In accordance with Government Auditing Standards, we have also issued a report dated April 9, 1996, on our consideration of Benton County, Mississippi's internal control structure and a report dated April 9, 1996, on its compliance with laws and regulations

WILLIAM S JONES, CPA Director, Department of Audit

5 BENTON COUNTY

PRIMARY GOVERNMENT FINANCIAL STATEMENTS

Combined Balance Sheet - All Fund Types and Account Groups

September 30, l995

ASSETS

Amount available in debt service

Amount to be provided for retirement

LIABILITIES AND FUND EQUITY

Liabilities:

Fund Equity:

Fund balances:

The notes to the financial statements are an integral part of this statement.

This is trial version www.adultpdf.com

Combined Statement of Revenues, Expenditures and Changes in Fund Balances

-All Governmental Fund Types

For the Year Ended September 30, 1995

Totals

Revenues

Licenses, commissions and

Intergovernmental revenues:

Expenditures

Current:

Debt service:

Excess of Revenues over

Other Financing Sources (Uses)

Total Other Financing

Excess of Revenues and Other

Sources over (under)

Fund Balances

The notes to the financial statements are an integral part of this statement.