HANCOCK COUNTY TABLE OF CONTENTS FINANCIAL SECTION_part1 ppt

STATE OF MISSISSIPPI
STEVEN A. PATTERSON
State Auditor
WILLIAM S. JONES, CPA
Director, Department of Audit
ED P. YARBOROUGH, CPA
Director, Division of County Audits
HANCOCK COUNTY, MISSISSIPPI
General Purpose Financial Statements and Special Reports
For the Year Ended September 30, 1995

HANCOCK COUNTY
TABLE OF CONTENTS
FINANCIAL SECTION 2
INDEPENDENT AUDITOR'S REPORT 3
GENERAL PURPOSE FINANCIAL STATEMENTS 5
Combined Balance Sheet - All Fund Types and Account Groups
and Discretely Presented Component Units 6
Combined Statement of Revenues, Expenditures and Changes in Fund Balances - All
Governmental Fund Types and Discretely Presented Component Units 8
Combined Statement of Revenues, Expenditures and Changes in Fund Balances - Budget
(Non-GAAP Budgetary Basis) and Actual - All Governmental Fund Types 10
Combined Statement of Revenues, Expenses and Changes in Retained Earnings - Proprietary
Fund Type and Discretely Presented Component Units 12
Combined Statement of Cash Flows - Discretely Presented Proprietary Component Units 13
Notes to Financial Statements 15
SUPPLEMENTAL INFORMATION 41
Schedule of Federal Financial Assistance 43
SPECIAL REPORTS 45
Independent Auditor's Report on the Internal Control Structure Based on an Audit of the General
Purpose Financial Statements Performed in Accordance with Government Auditing

Standards 47
Independent Auditor's Single Audit Report on the Internal Control Structure Used in
Administering Federal Financial Assistance Programs 49
Independent Auditor's Report on Central Purchasing System and Purchase Clerk Schedules
(Required by Section 31-7-115, Miss. Code Ann. (1972)) 51
Independent Auditor's Report on Compliance Based on an Audit of the General Purpose
Financial Statements Performed in Accordance with Government Auditing Standards 57
Independent Auditor's Single Audit Report on Compliance with General Requirements
Applicable to Federal Financial Assistance Programs 59
Independent Auditor's Single Audit Report on Compliance with Specific Requirements
Applicable to Nonmajor Federal Financial Assistance Program Transactions 61
Independent Auditor's Report on Compliance with State Laws and Regulations 63
FINDINGS AND RECOMMENDATIONS 65

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HANCOCK COUNTY
FINANCIAL SECTION
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HANCOCK COUNTY
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OFFICE OF THE STATE AUDITOR
STEVEN A. PATTERSON
AUDITOR
3750 I-55 NORTH FRONTAGE ROAD JACKSON, MISSISSIPPI 39211 (601) 364-2888 FAX (601) 364-2828
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INDEPENDENT AUDITOR'S REPORT
ON
THE GENERAL PURPOSE FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION
July 15, 1996
Members of the Board of Supervisors

Hancock County, Mississippi
We have audited the accompanying general purpose financial statements of Hancock County,
Mississippi, as of and for the year ended September 30, 1995, as listed in the table of contents. These financial
statements are the responsibility of the county's management. Our responsibility is to express an opinion on
these financial statements based on our audit. We did not audit the financial statements of Hancock County
Human Resource Agency, Hancock Medical Center, Hancock County Port and Harbor Authority, component
units, which represents 100% and 100%, respectively, of the assets and revenues of the governmental and
proprietary component units columns. Those statements were audited by other auditors whose reports thereon
have been furnished to us, and our opinion, insofar as it relates to the amounts included for the aforementioned
component units, is based solely on the reports of the other auditors.
We conducted our audit in accordance with generally accepted auditing standards and 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 financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and
disclosures in the 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 and the reports of the other auditors provide a reasonable basis for our opinion.
In our opinion, based on our audit and the reports of other auditors, the general purpose financial
statements referred to above present fairly, in all material respects, the financial position of Hancock County,
Mississippi, at September 30, 1995, and the results of its operations and cash flows of its proprietary component
units for the year then ended, in conformity with generally accepted accounting principles.
Our audit was made for the purpose of forming an opinion on the general purpose financial statements
taken as a whole. The supplemental information, as listed in the table of contents, is presented for purposes of
additional analysis and is not a required part of the general purpose financial statements of Hancock County,
Mississippi. Such information has been subjected to the auditing procedures applied in our audit of the general
purpose financial statements and, in our opinion, is fairly presented in all material respects in relation to the
general purpose financial statements taken as a whole.
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In accordance with Government Auditing Standards, we have also issued a report dated July 15, 1996,
on our consideration of Hancock County, Mississippi's internal control structure and a report dated July 15,

1996, on its compliance with laws and regulations.
WILLIAM S. JONES, CPA
Director, Department of Audit
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HANCOCK COUNTY
GENERAL PURPOSE FINANCIAL STATEMENTS
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HANCOCK COUNTY Exhibit A
Combined Balance Sheet - All Fund Types and Account Groups and
Discretely Presented Component Units
September 30, l995
Governmental Fiduciary Account Totals Totals
Fund Types Fund Type Groups Memorandum Memorandum
Trust General General Only Component Component Only
Special Debt and Fixed Long-term Primary Units Units Reporting
General Revenue Service Agency Assets Debt Government Governmental Proprietary Entity
ASSETS
Cash and investments $ 5,438,041 4,610,266 1,154,145 684,921 11,887,373 357,037 1,706,445 13,950,855
Assets whose use is limited 2,284,712 2,284,712
Petty cash 2,400 4,000 6,400 6,400
Cash with fiscal agent 122,234 65,392 3,147 190,773 190,773
Deferred compensation plan assets 367,490 367,490 249,055 616,545
Accounts receivable (net of
allowances for uncollectibles
$45,040) 174,162 174,162
Patient accounts receivable (net of
allowances for uncollectibles
$3,526,649) 4,652,472 4,652,472
Other receivables 6,292 6,292 1,656 7,948
Due from other governments 5,338 5,338 163,161 168,499

Due from other funds 41,568 86,160 15,968 9,175 152,871 204,473 1,839,792 2,197,136
Due from primary government 147 147
Advances to other funds 20,063 2,482 22,545 22,545
Notes receivable - current 3,932 3,932
Notes receivable 7,429 183,594 191,023
Inventories 527,220 527,220
Prepaid items 2,397 35,771 38,168
Unamortized bond issue cost 209,235 209,235
Fixed assets (net, where
applicable, of accumulated
depreciation) 16,266,775 16,266,775 10,622,848 16,053,382 42,943,005
Amount available in debt service
funds 1,168,613 1,168,613 1,168,613
Amount to be provided for retirement
of general long-term debt 5,068,844 5,068,844 5,068,844
Total Assets $ 5,635,936 4,768,300 1,170,113 1,064,733 16,266,775 6,237,457 35,143,314 11,357,492 27,921,428 74,422,234
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LIABILITIES AND
FUND EQUITY
Liabilities:
Claims payable $ 503,409 368,317 871,726 50,202 1,256,549 2,178,477
Other accrued liabilities 235,354 235,354 235,354
Amounts held in custody for others 228,979 749,828 978,807 249,055 1,227,862
Due to other governments 337,518 11,467 79,551 428,536 26,264 454,800
Due to other funds 152,871 152,871 190,929 1,853,336 2,197,136
Due to component units 147 147 147
Advances from other funds 21,045 1,500 22,545 22,545
Current portion of debt payable 725,035 725,035

Accrued interest payable 37,239 37,239
Deferred revenues 129,933 129,933 129,933
Compensated absences liability 6,117 464,832 470,949
General obligation bonds payable 5,555,000 5,555,000 10,142,880 15,697,880
Capital leases payable 582,457 582,457 850,978 1,433,435
Other loans and notes payable 100,000 100,000 191,077 291,077
Other liabilities 5,170 2,585 7,755
Total Liabilities 1,222,924 530,762 1,500 1,064,733 0 6,237,457 9,057,376 252,418 15,799,830 25,109,624
Fund Equity:
Investment in general fixed assets 16,266,775 16,266,775 10,622,848 26,889,623
Contributed capital 4,610,669 4,610,669
Retained earnings:
Unreserved 7,510,929 7,510,929
Fund balances:
Reserved for advances 20,063 2,482 22,545 22,545
Reserved for debt service 1,168,613 1,168,613 1,168,613
Reserved for capital improvement 366,509 366,509
Reserved for risk pool 122,234 65,392 187,626 187,626
Unreserved 4,270,715 4,169,664 8,440,379 115,717 8,556,096
Total Fund Equity 4,413,012 4,237,538 1,168,613 0 16,266,775 0 26,085,938 11,105,074 12,121,598 49,312,610
Total Liabilities & Fund Equity $ 5,635,936 4,768,300 1,170,113 1,064,733 16,266,775 6,237,457 35,143,314 11,357,492 27,921,428 74,422,234
The notes to the financial statements are an integral part of this statement.
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