MADISON COUNTY TENNESSEE - TN Comptroller ... Schedule of Detailed Revenues ¢â‚¬â€œ All Governmental Fund

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  • ANNUAL FINANCIAL REPORT

    MADISON COUNTY, TENNESSEE FOR THE YEAR ENDED JUNE 30, 2019

    DIVISION OF LOCAL GOVERNMENT AUDIT

  • ANNUAL FINANCIAL REPORT

    MADISON COUNTY, TENNESSEE

    FOR THE YEAR ENDED JUNE 30, 2019

    COMPTROLLER OF THE TREASURY JUSTIN P. WILSON

    DIVISION OF LOCAL GOVERNMENT AUDIT JAMES R. ARNETTE

    Director

    LEE ANN WEST, CPA, CGFM Audit Manager

    JUSTIN NEAL, CPA, CGFM LAUREN LEWIS, CPA MEGAN FOSTER MADISON LASTER ELISHA CROWELL, CISA, CFE State Auditors

    This financial report is available at www.comptroller.tn.gov

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  • Exhibit Page(s)

    Summary of Audit Findings 6

    INTRODUCTORY SECTION 7

    Madison County Officials 8-9

    FINANCIAL SECTION 10

    Independent Auditor's Report 11-13 Management's Discussion and Analysis 14-20 BASIC FINANCIAL STATEMENTS: 21

    Government-wide Financial Statements: Statement of Net Position A 22-23 Statement of Activities B 24-25

    Fund Financial Statements: Governmental Funds:

    Balance Sheet C-1 26-28 Reconciliation of the Balance Sheet of Governmental Funds

    to the Statement of Net Position C-2 29 Statement of Revenues, Expenditures, and Changes in

    Fund Balances C-3 30-33 Reconciliation of the Statement of Revenues, Expenditures,

    and Changes in Fund Balances of Governmental Funds to the Statement of Activities C-4 34

    Statements of Revenues, Expenditures, and Changes in Fund Balances – Actual (Budgetary Basis) and Budget:

    General Fund C-5 35-38 Highway/Public Works Fund C-6 39

    Proprietary Fund: Statement of Net Position D-1 40 Statement of Revenues, Expenses, and Changes in Net Position D-2 41 Statement of Cash Flows D-3 42

    Fiduciary Funds: Statement of Fiduciary Assets and Liabilities E 43

    Index and Notes to the Financial Statements 44-111 REQUIRED SUPPLEMENTARY INFORMATION: 112

    Schedule of Changes in Net Pension Liability (Asset) and Related Ratios Based on Participation in the Public Employee Pension Plan of TCRS – Primary Government F-1 113

    Schedule of Contributions Based on Participation in the Public Employee Pension Plan of TCRS – Primary Government F-2 114

    MADISON COUNTY, TENNESSEE TABLE OF CONTENTS

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  • Exhibit Page(s)

    Schedule of Contributions Based on Participation in the Teacher Retirement Plan of TCRS – Discretely Presented Madison County School Department F-3 115

    Schedule of Contributions Based on Participation in the Teacher Legacy Pension Plan of TCRS – Discretely Presented Madison County School Department F-4 116

    Schedule of Proportionate Share of the Net Pension Asset in the Teacher Retirement Plan of TCRS – Discretely Presented Madison County School Department F-5 117

    Schedule of Proportionate Share of the Net Pension Asset in the Teacher Legacy Pension Plan of TCRS – Discretely Presented Madison County School Department F-6 118

    Schedule of Changes in Total OPEB Liability and Related Ratios - Self-Insurance Plan - Primary Government F-7 119

    Schedule of Changes in Total OPEB Liability and Related Ratios - Local Education Plan - Discretely Presented Madison County School Department F-8 120

    Notes to the Required Supplementary Information 121 COMBINING AND INDIVIDUAL FUND FINANCIAL

    STATEMENTS AND SCHEDULES: 122 Nonmajor Governmental Funds: 123-124

    Combining Balance Sheet G-1 125-128 Combining Statement of Revenues, Expenditures, and Changes

    in Fund Balances G-2 129-132 Schedules of Revenues, Expenditures, and Changes in Fund

    Balances – Actual (Budgetary Basis) and Budget: Juvenile Services Fund G-3 133 Solid Waste/Sanitation Fund G-4 134 Local Purpose Tax Fund G-5 135 Special Purpose Fund G-6 136 Drug Control Fund G-7 137 Other Special Revenue Fund G-8 138 Community Development/Industrial Park Fund G-9 139

    Major Governmental Funds: 140 Schedule of Revenues, Expenditures, and Changes in Fund

    Balance – Actual (Budgetary Basis) and Budget: General Debt Service Fund H-1 141 General Capital Projects Fund H-2 142-143

    Fiduciary Funds: 144 Combining Statement of Fiduciary Assets and Liabilities I-1 145 Combining Statement of Changes in Assets and Liabilities –

    All Agency Funds I-2 146-147 Component Unit:

    Discretely Presented Madison County School Department: 148 Statement of Activities J-1 149 Balance Sheet – Governmental Funds J-2 150-151 Reconciliation of the Balance Sheet of Governmental Funds

    to the Statement of Net Position J-3 152

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  • Exhibit Page(s)

    Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds J-4 153-154

    Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities J-5 155

    Combining Balance Sheet - Nonmajor Governmental Funds J-6 156 Combining Statement of Revenues, Expenditures, and Changes in

    Fund Balances - Nonmajor Governmental Funds J-7 157 Schedules of Revenues, Expenditures, and Changes in Fund

    Balances – Actual (Budgetary Basis) and Budget: General Purpose School Fund J-8 158-159 School Federal Projects Fund J-9 160-161 Central Cafeteria Fund J-10 162 Education Capital Projects Fund J-11 163

    Fiduciary Fund: Statement of Fiduciary Net Position J-12 164 Statement of Changes in Fiduciary Net Position J-13 165

    Miscellaneous Schedules: 166 Schedule of Changes in Long-term Notes and Bonds K-1 167 Schedule of Long-term Debt Requirements by Year K-2 168 Schedule of Transfers - Primary Government and Discretely

    Presented Madison County School Department K-3 169 Schedule of Salaries and Official Bonds of Principal Officials –

    Primary Government and Discretely Presented Madison County School Department K-4 170

    Schedule of Detailed Revenues – All Governmental Fund Types K-5 171-191 Schedule of Detailed Revenues – All Governmental Fund Types –

    Discretely Presented Madison County School Department K-6 192-195 Schedule of Detailed Expenditures – All Governmental Fund Types K-7 196-227 Schedule of Detailed Expenditures – All Governmental Fund Types –

    Discretely Presented Madison County School Department K-8 228-241 Schedule of Detailed Receipts, Disbursements, and Changes in

    Cash Balances – City Agency Funds K-9 242

    SINGLE AUDIT SECTION 243

    Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards 244-245

    Auditor's Report on Compliance for Each Major Program; Report on Internal Control Over Compliance; and Report on the Schedule of Expenditures of Federal Awards Required by the Uniform Guidance 246-248

    Schedule of Expenditures of Federal Awards and State Grants 249-251 Summary Schedule of Prior-year Findings 252 Schedule of Findings and Questioned Costs 253-256 Management's Corrective Action Plan 257-259

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  • Summary of Audit Findings Annual Financial Report

    Madison County, Tennessee For the Year Ended June 30, 2019

    Scope We have audited the basic financial statements of Madison County as of and for the year ended June 30, 2019.

    Results

    Our report on Madison County’s financial statements is unmodified. Our audit resulted in three findings and recommendations, which we have reviewed with Madison County management. Detailed findings, recommendations, and management’s responses are included in the Single Audit section of this report.

    Findings

    The following are summaries of the audit findings: OFFICE OF FINANCE DIRECTOR ♦ The office had deficiencies related to time and attendance records. ♦ An investigation of the Jackson-Madison County Regional Health Department

    disclosed deficiencies related to inventory. OFFICE OF SHERIFF ♦ Time sheets did not always accurately reflect time worked.

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  • INTRODUCTORY SECTION

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  • Madison County Officials June 30, 2019

    Officials

    Jimmy Harris, County Mayor Bart Walls, Highway Engineer Dr. Eric Jones, Director of Schools John Newman, Trustee Frances Hunley, Assessor of Property Fred Birmingham, County Clerk Kathy Blount, Circuit and General Sessions Courts Clerk Bart Swift, Juvenile Court Clerk Pam Carter, Clerk and Master Anjanette Byers, Register of Deeds John Mehr, Sheriff Mike Nichols, Finance Director

    Board of County Commissioners

    Gary Deaton, Chairman Arthur Johnson, Jr. Carl Alexander Barbara Johnson Jimmy Arnold William Martin Brett Beckham Luther Mercer Katie Brantley Adrian Montague Claudell Brown, Jr. James Pearson Scott Brown Harold Petty Cyndi Bryant Billy Spain Jay Bush Terry Spearman Jason Compton Doug Stephenson Aaron Ellison Mike Taylor Tommy Gobbell Jeff Wall Joey Hale

    Board of Education Financial Management Committee

    Kevin Alexander, Chairman Arthur Johnson, Jr., Chairman Wayne Arnold Jimmy Harris, County Mayor Doris Black Bart Walls, Highway Engineer Jim Campbell Dr. Eric Jones, Director of Schools Janice Hampton Gary Deaton James Johnson Luther Mercer A. J. Massey Billy Spain Morris Merriweather Shannon Stewart

    (Continued)

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  • Madison County Officials (Cont.)

    Audit Committee

    Jason Compton, Chairman Jim Campbell Marcus Love Adrian Montague Jason Schultz Doug Stephenson Mike Taylor

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  • FINANCIAL SECTION

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