STATE OF MISSISSIPPI OFFICE OF THE STATE AUDITOR PHIL BRYANT State Auditor RAMONA HILL, CPA Director, Financial and Compliance Audit Division BRENT BALLARD, CPA Director, Education Audit Section_part1 pdf

STATE OF MISSISSIPPIOFFICE OF THE STATE AUDITOR PHIL BRYANT State Auditor RAMONA HILL, CPA Director, Financial and Compliance Audit Division BRENT BALLARD, CPA Director, Education Audit

STATE OF MISSISSIPPI

OFFICE OF THE STATE AUDITOR

PHIL BRYANT State Auditor RAMONA HILL, CPA

Director, Financial and Compliance Audit Division

BRENT BALLARD, CPA

Director, Education Audit Section

SUNFLOWER COUNTY SCHOOL DISTRICT

Audited Financial Statements

For the Year Ended June 30, 1997

SUNFLOWER COUNTY SCHOOL DISTRICT

TABLE OF CONTENTS

FINANCIAL AUDIT REPORT 1

Independent Auditor's Report on The General Purpose Financial Statements and Supplemental Information 3

GENERAL PURPOSE 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 and Actual - All Governmental Fund Types 10

Combined Statement of Revenues, Expenses, and Changes in Fund Balances - Nonexpendable Trust Funds 12

Combined Statement of Cash Flows - Nonexpendable Trust Funds 13

Notes to Financial Statements 14

SUPPLEMENTAL INFORMATION 25

Schedule of Expenditures of Federal Awards 26

REPORTS ON COMPLIANCE AND INTERNAL CONTROL 27

Independent Auditor's Report on Compliance and Internal Control over Financial Reporting Based on an Audit of the General Purpose Financial Statements Performed in Accordance with Government Auditing Standards 29

Independent Auditor's Report on Compliance with Requirements Applicable to each Major Federal Program and Internal Control over Compliance in Accordance with OMB Circular A-133 31

INDEPENDENT AUDITOR=S REPORT ON COMPLIANCE WITH STATE LAWS AND REGULATIONS 33

Independent Auditor's Report on Compliance with State Laws and Regulations 35

SCHEDULE OF FINDINGS AND QUESTIONED COSTS 37

3750 I-55 NORTH FRONTAGE ROAD $ JACKSON, MISSISSIPPI 39211 $ (601) 364-2888 $ FAX (601) 364-2828

race, religion, national origin, sex, age or disability

1 SUNFLOWER COUNTY SCHOOL DISTRICT

FINANCIAL AUDIT REPORT

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OFFICE OF THE STATE AUDITOR

PHIL BRYANT

AUDITOR

INDEPENDENT AUDITOR'S REPORT

ON THE GENERAL PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION

May 20, 1998

Superintendent and School Board

Sunflower County School District

We have audited the general purpose financial statements of the Sunflower County School District as of and for the year ended June 30, 1997, as listed in the table of contents These general purpose financial statements are the responsibility of the Sunflower County School District's management Our responsibility is to express an opinion on these general purpose financial statements based on our audit

Except as discussed in the following paragraph, 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 general purpose financial statements are free of material misstatement An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the general purpose 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

The school district did not maintain adequate subsidiary records documenting the existence, completeness and valuation of the buildings and equipment included in the General Fixed Assets Account Group Due to the nature of the school district records, we were unable to satisfy ourselves as to the fair presentation of buildings and equipment, reported at $7,167,548 as of June 30, 1997

In our opinion, except for the effects of such adjustments, if any, as might have been determined to be necessary had we been able to examine adequate buildings and equipment subsidiary records, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of the Sunflower County School District as of June 30, 1997, and the results of its operations and the cash flows of its Nonexpendable Trust Funds for the year then ended in conformity with generally accepted accounting principles

In accordance with Government Auditing Standards, we have also issued our report dated May 20, 1998 on our consideration of the Sunflower County School District's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grants

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 and is not a required part of the general purpose financial statements Such information has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is fairly stated, in all material respects, in relation to the general purpose financial statements taken as a whole

State Auditor Director, Financial and Compliance Audit Division

5 SUNFLOWER COUNTY SCHOOL DISTRICT

GENERAL PURPOSE FINANCIAL STATEMENTS

Combined Balance Sheet - All Fund Types and Account Groups

June 30, 1997

Fiduciary Governmental Fund Types Fund Types Account Groups

General General Total Special Capital Debt Trust and Fixed Long-term (Memorandum General Revenue Projects Service Agency Assets Debt Only) Assets

Cash and other deposits (Note 2) $ 336,469 34,856 5,240 100,068 739,341 1,215,974 Due from local sources 29,837 2,709 32,546 Due from state sources 13,778 63,252 77,030 Due from federal sources 204,215 204,215

Due from other funds (Note 3) 296,347 269,061 2,434 567,842 Inventories:

Donated commodities 2,242 2,242 Buildings and equipment (Note 4) 7,167,548 7,167,548 Transportation equipment (Note 4) 1,023,382 1,023,382 Other motor equipment (Note 4) 121,213 121,213 Amount available in debt service fund 102,777 102,777 Amount to be provided for retirement

of general long-term debt 418,083 418,083 Total Assets $ 676,431 577,856 5,240 105,211 787,183 8,312,143 520,860 10,984,924 Liabilities & Fund Equity

Liabilities:

Accrued payroll $ 250,013 250,013 Salary withholdings and benefits payable 49,077 49,077

Due to other funds (Note 3) 157,006 383,039 20,000 2,434 5,363 567,842

Building purpose loans payable (Note 5) 100,000 100,000 Other loans payable (Note 5) 330,000 330,000 Compensated absences payable (Note 5) 90,860 90,860 Total Liabilities 157,006 384,093 20,000 2,434 304,894 520,860 1,389,287

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