HANCOCK COUNTY TABLE OF CONTENTS FINANCIAL SECTION_part1 ppt

YARBOROUGH, CPA Director, Division of County Audits HANCOCK COUNTY, MISSISSIPPI General Purpose Financial Statements and Special Reports For the Year Ended September 30, 1995... 45 Indep

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

HANCOCK COUNTY, MISSISSIPPI

General Purpose Financial Statements and Special Reports

For the Year Ended September 30, 1995

HANCOCK COUNTY TABLE OF CONTENTS

FINANCIAL SECTION 2

INDEPENDENT AUDITOR'S REPORT 3

GENERAL PURPOSE FINANCIAL STATEMENTS 5

Combined Balance Sheet - All Fund Types and Account Groups and Discretely Presented Component Units 6

Combined Statement of Revenues, Expenditures and Changes in Fund Balances - All Governmental Fund Types and Discretely Presented Component Units 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 and Discretely Presented Component Units 12

Combined Statement of Cash Flows - Discretely Presented Proprietary Component Units 13

Notes to Financial Statements 15

SUPPLEMENTAL INFORMATION 41

Schedule of Federal Financial Assistance 43

SPECIAL REPORTS 45

Independent Auditor's Report on the Internal Control Structure Based on an Audit of the General Purpose Financial Statements Performed in Accordance with Government Auditing Standards 47

Independent Auditor's Single Audit Report on the Internal Control Structure Used in Administering Federal Financial Assistance Programs 49

Independent Auditor's Report on Central Purchasing System and Purchase Clerk Schedules (Required by Section 31-7-115, Miss Code Ann (1972)) 51

Independent Auditor's Report on Compliance Based on an Audit of the General Purpose Financial Statements Performed in Accordance with Government Auditing Standards 57

Independent Auditor's Single Audit Report on Compliance with General Requirements Applicable to Federal Financial Assistance Programs 59

Independent Auditor's Single Audit Report on Compliance with Specific Requirements Applicable to Nonmajor Federal Financial Assistance Program Transactions 61

Independent Auditor's Report on Compliance with State Laws and Regulations 63

FINDINGS AND RECOMMENDATIONS 65

HANCOCK COUNTY

FINANCIAL SECTION

2 HANCOCK COUNTY

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OFFICE OF THE STATE AUDITOR

STEVEN A PATTERSON

AUDITOR

3

INDEPENDENT AUDITOR'S REPORT

ON THE GENERAL PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION

July 15, 1996 Members of the Board of Supervisors

Hancock County, Mississippi

We have audited the accompanying general purpose financial statements of Hancock 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 did not audit the financial statements of Hancock County Human Resource Agency, Hancock Medical Center, Hancock County Port and Harbor Authority, component units, which represents 100% and 100%, respectively, of the assets and revenues of the governmental and proprietary component units columns Those statements were audited by other auditors whose reports thereon have been furnished to us, and our opinion, insofar as it relates to the amounts included for the aforementioned component units, is based solely on the reports of the other auditors

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 and the reports of the other auditors provide a reasonable basis for our opinion

In our opinion, based on our audit and the reports of other auditors, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of Hancock County, Mississippi, at September 30, 1995, and the results of its operations and cash flows of its proprietary component units 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 general purpose 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 general purpose financial statements of Hancock County, Mississippi Such information has been subjected to the auditing procedures applied in our audit of the general purpose financial statements and, in our opinion, is fairly presented in all material respects in relation to the general purpose financial statements taken as a whole

In accordance with Government Auditing Standards, we have also issued a report dated July 15, 1996,

on our consideration of Hancock County, Mississippi's internal control structure and a report dated July 15,

1996, on its compliance with laws and regulations

WILLIAM S JONES, CPA Director, Department of Audit

5 HANCOCK COUNTY

GENERAL PURPOSE FINANCIAL STATEMENTS

Combined Balance Sheet - All Fund Types and Account Groups and

Discretely Presented Component Units

September 30, l995

ASSETS

Accounts receivable (net of

allowances for uncollectibles

Patient accounts receivable (net of

allowances for uncollectibles

Fixed assets (net, where

applicable, of accumulated

Amount available in debt service

Amount to be provided for retirement

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LIABILITIES AND

FUND EQUITY

Liabilities:

Fund Equity:

Retained earnings:

Fund balances:

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

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