B ROOME C OUNTY , N EW Y ORK December 31, 2018 Products of Our - - PowerPoint PPT Presentation

December 31, 2018

BROOME COUNTY, NEW YORK

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➢ Financial statements ➢ Single audit ➢ Auditor communications letter ➢ Management letter ➢ Willow Point Nursing Home financial statements ➢ Other reports and certifications

Products of Our Audit

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➢ Our responsibility under GAAS ➢ Significant accounting policies ➢ Significant accounting estimates ➢ Independence ➢ Other matters

Auditor Communications

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December 31, 2018

Comparative data source: New York State Office of the State Comptroller

FINANCIAL STATEMENT UPDATE

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150 200 250 300 350 400 450 2014 2015 2016 2017 2018 Broome County General Fund – Revenues and Other Sources vs. Expenditures and Other Uses ($ Million) Revenues and Other Sources Expenditures and Other Uses

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19.5 18.5 20.6 22.6 22.9 71.4 77.0 76.8 78.4 82.0 140.6 146.7 149.0 147.5 100.4 124.5 121.7 124.3 126.0 135.3

2014 2015 2016 2017 2018

Broome County General Fund – Revenues and Other Sources ($ Millions) Nonproperty tax items State and Federal aid Real property taxes and tax items Departmental income Other revenues and transfers in

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12.4 13.4 12.5 17.3 17.1 16.8 17.3 17.8 17.7 18.2 22.1 20.3 22.6 23.2 23.7 45.8 48.6 50.4 49.3 49.1 74.5 75.3 79.7 83.7 89.2 193.7 191.0 189.9 186.3 140.8

2014 2015 2016 2017 2018

Broome County General Fund – Expenditures and Other Uses ($ Millions) Economic assistance and

• pportunity

General government support Public safety Health Education Transfers out Other expenditures

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0.988 0.999 0.997 1.002 1.015 2014 2015 2016 2017 2018 Broome County—General Fund Revenues and Transfers In vs. Expenditures and Transfers Out Ratio

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0.997 0.958 1.044 1.013 1.018 1.002 0.998 0.990 1.045 0.988 1.015 1.024 1.001 1.048 1.008 Broome Niagara Oneida Rensselaer Ulster General Fund—Revenues and Transfers In vs. Expenditures and Transfers Out Ratio 2016 2017 2018

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21% 22% 18% 24% 19% 100% 100% 100% 100% 100% Broome Niagara Oneida Rensselaer Ulster Real Property Tax in Proportion to General Fund - Total Revenue (2018) 17% 21% 19% 23% 24% 100% 100% 100% 100% 100% Broome Niagara Oneida Rensselaer Ulster (5 years prior) Real Property Taxes General Fund - Total Revenue

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24% 22% 28% 23% 37% 100% 100% 100% 100% 100% Broome Niagara Oneida Rensselaer Ulster Net Sales Tax in Proportion to General Fund - Total Revenue (2018) 21% 22% 27% 22% 33% 100% 100% 100% 100% 100% Broome Niagara Oneida Rensselaer Ulster (5 years prior) Net Sales Tax General Fund - Total Revenue

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0.028 0.043 0.028 0.036 0.054 2014 2015 2016 2017 2018 Broome County Unassigned and Assigned Unappropriated General Fund Balance to Total General Fund Expenditures and Transfers Out Ratio

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0.028 0.162 0.095 0.097 0.112 0.036 0.159 0.075 0.146 0.113 0.054 0.179 0.074 0.192 0.137 Broome Niagara Oneida Rensselaer Ulster Unassigned and Assigned Unappropriated General Fund Balance to Total General Fund Expenditures and Transfers Out Ratio 2016 2017 2018

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➢ Department of Transportation ➢ Willow Point Nursing Home ➢ Solid Waste Management ➢ Aviation ➢ Nonmajor Business-Type activities

Business-Type Activities

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Business-Type Activities

Department Willow Point Solid

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Nursing Waste Transportation Home Management Aviation Current assets 3,929,748 $ 9,590,614 $ 18,450,224 $ 120,578 $ Restricted assets 110,668 2,779,571 844,781 3,819,169 Capital assets 16,718,353 5,257,435 43,750,350 48,907,267 Deferred outflows 2,125,800 5,548,991 484,711 430,635 Total assets and deferred outflows 22,884,569 $ 23,176,611 $ 63,530,066 $ 53,277,649 $ Current liabilities 459,571 $ 2,299,450 $ 356,628 $ 1,724,137 $ BANs payable 559,661 2,306,548 8,130,048 2,400,120 Long-term debt 1,837,356 1,482,252 10,995,548 3,343,702 Pension 561,161 1,509,367 126,452 116,015 OPEB obligation 15,909,603 42,607,961 4,019,255 3,989,760 Other long-term liabilities 3,316,207 3,964,649 16,117,021 261,439 Deferred inflows 4,010,473 10,808,792 1,009,052 959,691 Total liabilities and deferred inflows 26,654,032 64,979,019 40,754,004 12,794,864 Net position (3,769,463) $ (41,802,408) $ 22,776,062 $ 40,482,785 $

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Business-Type Activities

Department Willow Point Solid

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Nursing Waste Transportation Home Management Aviation Current assets 3,929,748 $ 9,590,614 $ 18,450,224 $ 120,578 $ Restricted assets 110,668 2,779,571 844,781 3,819,169 Capital assets 16,718,353 5,257,435 43,750,350 48,907,267 Deferred outflows 2,125,800 5,548,991 484,711 430,635 Total assets and deferred outflows 22,884,569 $ 23,176,611 $ 63,530,066 $ 53,277,649 $ Current liabilities 459,571 $ 2,299,450 $ 356,628 $ 1,724,137 $ BANs payable 559,661 2,306,548 8,130,048 2,400,120 Long-term debt 1,837,356 1,482,252 10,995,548 3,343,702 Pension 561,161 1,509,367 126,452 116,015 OPEB obligation 15,909,603 42,607,961 4,019,255 3,989,760 Other long-term liabilities 3,316,207 3,964,649 16,117,021 261,439 Deferred inflows 4,010,473 10,808,792 1,009,052 959,691 Total liabilities and deferred inflows 26,654,032 64,979,019 40,754,004 12,794,864 Net position (3,769,463) $ (41,802,408) $ 22,776,062 $ 40,482,785 $

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Business-Type Activities

Department Willow Point Solid

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Nursing Waste Transportation Home Management Aviation Current assets 3,929,748 $ 9,590,614 $ 18,450,224 $ 120,578 $ Restricted assets 110,668 2,779,571 844,781 3,819,169 Total assets 4,040,416 $ 12,370,185 $ 19,295,005 $ 3,939,747 $ Current liabilities 459,571 $ 2,299,450 $ 356,628 $ 1,724,137 $ BANs payable 559,661 2,306,548 8,130,048 2,400,120 Total liabilities 1,019,232 4,605,998 8,486,676 4,124,257 Estimated "Fund balance" 3,021,184 $ 7,764,187 $ 10,808,329 $ (184,510) $

Charles Trottier, CPA Manager ctrottier@dm-llp.com 716-565-2299 ext. 7017 Luke R. Malecki, CPA Partner lmalecki@dm-llp.com 716-565-2299 ext. 7005