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  • ANNUAL FINANCIAL REPORT

    WILSON COUNTY, TENNESSEE FOR THE YEAR ENDED JUNE 30, 2018

    DIVISION OF LOCAL GOVERNMENT AUDIT

  • ANNUAL FINANCIAL REPORT

    WILSON COUNTY, TENNESSEE

    FOR THE YEAR ENDED JUNE 30, 2018

    COMPTROLLER OF THE TREASURY JUSTIN P. WILSON

    DIVISION OF LOCAL GOVERNMENT AUDIT JAMES R. ARNETTE

    Director

    JEFF BAILEY, CPA, CGFM, CFE FERMAN PRIDE, CGFM Audit Manager MICHAEL SMITH, CPA

    LAUREN SHARPE KATIE ARMSTRONG, CPA, CGFM, CFE CHRISVONTA SMITH Auditor 4 State Auditors

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

    2

  • Exhibit Page(s)

    Summary of Audit Findings 6

    INTRODUCTORY SECTION 7

    Wilson County Officials 8-9

    FINANCIAL SECTION 10

    Independent Auditor's Report 11-14 Management's Discussion and Analysis 15-25 BASIC FINANCIAL STATEMENTS: 26

    Government-wide Financial Statements: Statement of Net Position A 27-28 Statement of Activities B 29-30

    Fund Financial Statements: Governmental Funds:

    Balance Sheet C-1 31-33 Reconciliation of the Balance Sheet of Governmental Funds

    to the Statement of Net Position C-2 34 Statement of Revenues, Expenditures, and Changes in

    Fund Balances C-3 35-36 Reconciliation of the Statement of Revenues, Expenditures,

    and Changes in Fund Balances of Governmental Funds to the Statement of Activities C-4 37

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

    General Fund C-5 38-40 Highway/Public Works Fund C-6 41

    Proprietary Funds: Statement of Net Position D-1 42 Statement of Revenues, Expenses, and Changes in Net Position D-2 43 Statement of Cash Flows D-3 44

    Fiduciary Funds: Statement of Fiduciary Net Position E-1 45 Statement of Changes in Fiduciary Net Position E-2 46

    Index and Notes to the Financial Statements 47-114 REQUIRED SUPPLEMENTARY INFORMATION: 115

    Schedule of Changes in Net Pension Liability (Asset) and Related Ratios Based on Participation in the Public Employee Pension Plan of TCRS – Primary Government – Wilson County Employees F-1 116

    Schedule of Changes in Net Pension Liability (Asset) and Related Ratios Based on Participation in the Public Employee Pension Plan of TCRS – Primary Government – Wilson County Emergency Management Employees F-2 117

    Schedule of Contributions Based on Participation in the Public Employee Pension Plan of TCRS – Primary Government – Wilson County Employees F-3 118

    TABLE OF CONTENTS WILSON COUNTY, TENNESSEE

    3

  • Exhibit Page(s)

    Schedule of Contributions Based on Participation in the Public Employee Pension Plan of TCRS – Primary Government – Wilson County Emergency Management Employees F-4 119

    Schedule of Contributions Based on Participation in the Teacher Retirement Plan of TCRS – Discretely Presented Wilson County School Department F-5 120

    Schedule of Contributions Based on Participation in the Teacher Legacy Pension Plan of TCRS – Discretely Presented Wilson County School Department F-6 121

    Schedule of Proportionate Share of the Net Pension Asset in the Teacher Retirement Pension Plan of TCRS – Discretely Presented Wilson County School Department F-7 122

    Schedule of Proportionate Share of the Net Pension Asset in the Teacher Legacy Pension Plan of TCRS – Discretely Presented Wilson County School Department F-8 123

    Schedule of Changes in the Total OPEB Liability and Related Ratios - Commercial Plan - Primary Government F-9 124

    Schedule of Changes in the Total OPEB Liability and Related Ratios - Commercial Plan - Discretely Presented Wilson County School Department F-10 125

    Notes to the Required Supplementary Information 126 COMBINING AND INDIVIDUAL FUND FINANCIAL

    STATEMENTS AND SCHEDULES: 127 Nonmajor Governmental Funds: 128-129

    Combining Balance Sheet G-1 130-135 Combining Statement of Revenues, Expenditures, and Changes

    in Fund Balances G-2 136-141 Schedules of Revenues, Expenditures, and Changes in Fund

    Balances – Actual (Budgetary Basis) and Budget: Ambulance Service Fund G-3 142 Special Purpose Fund G-4 143 Drug Control Fund G-5 144 Sports and Recreation Fund G-6 145 Agriculture Center Fund G-7 146 Rural Debt Service Fund G-8 147 Highway Capital Projects Fund G-9 148 Other Capital Projects Fund G-10 149

    Major Governmental Fund: 150 Schedule of Revenues, Expenditures, and Changes in Fund

    Balance – Actual and Budget: General Debt Service Fund H 151

    Proprietary Funds: 152 Combining Statement of Net Position I-1 153 Combining Statement of Revenues, Expenses, and Changes in

    Net Position I-2 154 Combining Statement of Cash Flows I-3 155

    Fiduciary Funds: 156 Combining Statement of Fiduciary Assets and Liabilities J-1 157 Combining Statement of Changes in Assets and Liabilities –

    All Agency Funds J-2 158-159 Component Unit:

    Discretely Presented Wilson County School Department: 160 Statement of Activities K-1 161 Balance Sheet – Governmental Funds K-2 162-163

    4

  • Exhibit Page(s)

    Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position K-3 164

    Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds K-4 165-166

    Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities K-5 167

    Combining Balance Sheet – Nonmajor Governmental Funds K-6 168 Combining Statement of Revenues, Expenditures, and Changes

    in Fund Balances – Nonmajor Governmental Funds K-7 169 Schedules of Revenues, Expenditures, and Changes in Fund

    Balances – Actual (Budgetary Basis) and Budget: General Purpose School Fund K-8 170-171 School Federal Projects Fund K-9 172 Central Cafeteria Fund K-10 173 Extended School Program Fund K-11 174

    Proprietary Fund: Statement of Net Position K-12 175 Statement of Revenues, Expenses, and Changes in Net Position K-13 176 Statement of Cash Flows K-14 177

    Miscellaneous Schedules: 178 Schedule of Changes in Long-term Notes, Bonds, and Capital Leases L-1 179-180 Schedule of Long-term Debt Requirements by Year L-2 181-182 Schedule of Notes Receivable L-3 183 Schedule of Transfers – Primary Government and Discretely

    Presented Wilson County School Department L-4 184 Schedule of Salaries and Official Bonds of Principal Officials –

    Primary Government and Discretely Presented Wilson County School Department L-5 185

    Schedule of Detailed Revenues – All Governmental Fund Types L-6 186-203 Schedule of Detailed Revenues – All Governmental Fund Types –

    Discretely Presented Wilson County School Department L-7 204-206 Schedule of Detailed Expenditures – All Governmental Fund Types L-8 207-235 Schedule of Detailed Expenditures – All Governmental Fund Types –

    Discretely Presented Wilson County School Department L-9 236-248 Schedule of Detailed Revenues and Expenses – Proprietary Fund

    Types – Primary Government and Discretely Presented Wilson County School Department L-10 249-252

    Schedule of Detailed Receipts, Disbursements, and Changes in Cash Balances – City Agency Funds L-11 253

    SINGLE AUDIT SECTION 254

    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 255-256

    Auditor's Report on Compliance for Each Major Federal Program; Report on Internal Control Over Compliance; and Report on the Schedule of Expenditures of Federal Awards Required by Uniform Guidance 257-259

    Schedule of Expenditures of Federal Awards and State Grants 260-261 Summary Schedule of Prior-year Findings 262 Schedule of Findings and Questioned Costs 263-266 Management's Corrective Action Plan 267-269 Best Practice 270

    5

  • Summary of Audit Findings Annual Financial Report

    Wilson County, Tennessee For the Year Ended June 30, 2018

    Scope

    We have audited the basic financial statements of Wilson County as of and for the year ended June 30, 2018.

    Results

    Our report on Wilson County’s financial statements is unmodified.

    Our audit resulted in two findings and recommendations, which we have reviewed with Wilson County’s management. Detailed findings and recommendations 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 did not file a report on debt obligation with the state Comptroller’s Office. ♦ The office had accounting deficiencies.

    6

  • INTRODUCTORY SECTION

    7

  • Wilson County Officials June 30, 2018

    Officials

    Randall Hutto, County Mayor Steve Murphy, Road Superintendent Dr. Donna L. Wright, Director of Schools Jim Major, Trustee Stephen Goodall, Assessor of Property Jim Goodall, County Clerk Debbie Moss, Circuit, General Sessions, and Juvenile Courts Clerk Barbara Webb, Clerk and Master John Spickard, Register of Deeds Robert Bryan, Sheriff Aaron Maynard, Finance Director

    Board of County Commissioners

    Randall Hutto, County Mayor, Chairman Jim Emberton Wendell Marlowe Sara Patton Diane Weathers Adam Bannach Jerry McFarland Chad Barnard Terry Muncher Dan Walker Cindy Brown John Gentry Kenny Reich Frank Bush Sue Vanatta Terry Ashe Terry Scruggs William Glover Becky Siever S