Report to the Board of Commissioners For the fiscal year ended June - - PowerPoint PPT Presentation

Report to the Board of Commissioners For the fiscal year ended June 30, 2019 November 18, 2019

AUDIT OPINION – P. 1-3

Habersham County’s Responsibilities The financial statements are the responsibility of Habersham County’s management. Rushton & Company’s Responsibilities As independent auditors for Habersham County, our responsibility is to express

• pinions on the fair presentation of the financial statements.

Auditing Standards We audited the County’s financial statements in accordance with auditing standards generally accepted in the United States of America and Government Auditing Standards issued by the Comptroller General of the United States. Unmodified Opinion In our opinion, the financial statements present fairly, in all material respects, the financial position of Habersham County, Georgia as of June 30, 2019, and the respective changes in net position and, where applicable, cash flows for the year then ended.

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Government-wide Statements

These statements provide the reader with information on the County as a whole, using the full accrual basis of accounting. Columns for the governmental activities, the business-type activities, and the component units. Two statements: Statement of Net Position – Pages 16 - 17

• Presents the assets, liabilities, and residual net position of the County

Statement of Activities – Page 18

• Presents the results of operations of the County

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Net Position – Last 5 Fiscal Years

Net Investment Revenues Fiscal in Capital Restricted Unrestricted Total Over (Under) Year Assets Net Position Net Position Net Position Expenses 2015 56,806,117 $ 4,683,131 $ 2,666,623 $ 64,155,871 $ 4,854,138 $ 2016 61,718,644 5,631,360 1,424,225 68,774,229 5,095,057 2017 67,290,142 3,309,625 370,375 70,970,142 2,195,913

1

2018 68,970,336 3,050,910 3,520,784 75,542,030 4,571,888

2

2019 74,196,276 3,082,655 4,466,518 81,745,449 6,203,419

3 1 2 Increase in airport grant revenue 3 Increase in tax revenues

Transfer of property to IDA and decrease in airport grant revenue 4

General Fund – P. 87

Revenues

• Increased $2,566,827, 12.6%
• Taxes increased $1,998,337
• Fines, fees and forfeitures increased $118,546
• Charges for services increased $123,647
• Intergovernmental revenue increased $319,707

Expenditures

• Increased $1,713,264, 8.5%
• Sheriff Dept increased $404,948
• Jail Dept increased $433,157
• Fire Dept increased $465,276

Unrestricted Fund Balance (unassigned and assigned)

• FY2019, $5,303,040, 22.5% of expenditures & transfers (2.7 months).

$1,123,067 of this total has been assigned for future years.

• FY2018, $5,179,863, 24.5% of expenditures & transfers (2.9 months).

$1,192,932 of this total has been assigned for future years.

• County policy is to maintain a minimum of 17%.

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General Fund Revenues and Expenditures – Last 5 Fiscal Years

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General Fund Fund Balance– Last 5 Fiscal Years

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Landfill Fund – P. 124

Operating Revenue

• Increased $241,460, 17.4% due to improved economy and increased

construction.

Operating Expenses

• Increased $468,684, 36.4%
• Cost of sales and services increased $345,942 (post-closure care

costs increased $196,715)

• Personal services increased $55,594
• Depreciation increased $67,148

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Landfill Fund Operating Revenues and Expenses – Last 5 Fiscal Years

9

Airport Fund – P. 131

Operating Revenue

• Increased $25,287, 7.9%

Operating Expenses

• Increased $14,789, 1.2%
• Cost of sales and services increased $15,154

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Airport Fund Operating Revenues and Expenses – Last 4 Fiscal Years

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Other Major Governmental Funds Summary

• Emergency Medical Services Fund
• Total revenues of $2,768,022, includes taxes, charges for services and

intergovernmental

• Total expenditures of $2,816,595
• SPLOST #6 Fund



Total revenues of $12,385,410, includes $6,307,074 SPLOST and $6,043,315 Grants



Total expenditures of $12,416,569, includes $6,372,783 of SPLOST and $6,043,315 grant funds (mainly airport grants)



Hospital Debt Service Fund



$2,654,124 in debt payments funded by property taxes and SPLOST



Capital Improvements Fund



$5,644,341 in capital expenditures

 Have 10 other nonmajor governmental funds

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Report on Internal Control and Other Matters –

• P. 170-171

In accordance with Government Auditing Standards, we have issued our report

• n our consideration of Habersham County’s internal controls and our tests of

compliance. This report describes the scope of our testing of internal control and compliance, and the results of that testing, but is not intended to provide an opinion on the internal control or compliance. No deficiencies or noncompliance were noted.

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Report on Compliance and Internal Controls

• ver Major Programs – P. 172-173

In accordance with the Uniform Guidance, we have issued our report on our consideration of Habersham County’s compliance with requirements applicable to each major program and on internal control over compliance. This report describes the scope of our testing of compliance requirements and internal controls over major programs, and the results of that testing. We are required to express an opinion on the County’s compliance with requirements; our

• pinion is unmodified. This report is not intended to provide an opinion on the

internal control. No material weaknesses or significant deficiencies were noted in the internal controls of Habersham County over the compliance requirements applicable to the major programs.

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Current and Future Reporting Changes GASB 87

The Governmental Accounting Standards Board (GASB) has issued Statement

• No. 87, Leases. Effective for Habersham County for fiscal year ending June 30,

2021. The statement establishes a single approach to accounting for and reporting leases for state and local governments. The statement requires governments to recognize certain lease assets and liabilities that previously were classified as

• perating leases.

GASB 88

The Governmental Accounting Standards Board (GASB) has issued Statement

• No. 88, Certain Disclosures Related to Debt, Including Debt Borrowings and

Direct Placements. This statement was implemented by Habersham County during fiscal year 2019. The Statement defines debt and increases disclosure in notes to financial statements of all state and local governments.

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Current and Future Reporting Changes GASB 84

The Governmental Accounting Standards Board (GASB) has issued Statement

• No. 84, Fiduciary Activities. Effective for Habersham County for fiscal year ending

June 30, 2020. This statement establishes criteria for identifying fiduciary activities of all state and local governments.

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Chris Hollifield, CPA

chollifield@rushtonandcompany.com www.RushtonandCompany.com 770.287.7800