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HomeMy WebLinkAbout1978-1979.AuditReport4111Y, CERTIFIED CERTIFIED PUBLIC ACCOUNTANTS FM .LtT11 _P. October 1, 1979 ,• Mr. W. G. Lawley, City Manager The Honorable Mayor and City Council Cape Girardeau, Missouri Gentlemen: As a part of our examination of the financial statements of the City of Cape Girardeau, Missouri, for the year ended June 30, 1979, we reviewed and tested the city's system of internal acounting control to the extent we considered necessary to evaluate the system as required by generally accepted accounting standards. Under these standards the purpose of such evaluation is to establish a basis for reliance thereon in determining the nature, timing, and extent of other auditing procedures that are necessary for expressing an opinion on the financial statements. The objective of internal accounting control is to provide reasonable, but not absolute, assurance as to the safeguarding of assets against loss from unauthorized use or disposition, and the reliability of financial records for preparing financial statements and maintain- ing accountability for assets. 'Phe concept of reasonable assurance recognizes that the cost of a system of internal accounting control should not exceed the benefits derived and also recognizes that the evaluation of these factors necessarily requires estimates and judgments by management. There are inherent limitations that should be recognized in consider- ing the potential effectiveness of any system of internal accounting control. In the performance of most control procedures, errors can result from misunderstanding of instructions, mistakes of judgment, carelessness, or other persona]. factors. Control procedures whose effectiveness depends upon segregation of duties can be circumvented by collusion. Similarly, control procedures can be circumvented intentionally by management with respect either to the execution and recording of transactions or with respect to the estimates and judgments required in the preparation of financial statements. Further, projection of any evaluation of internal accounting control to future periods is subject to the risk that the procedures may become inadequate because of changes in conditions, and that the degree of compliance with the procedures may deteriorate. Accordingly, internal controls must be continually monitored by the city's personnel to assure that existing controls remain effective or that new controls are instituted when procedural changes occur. Mr. W. C. Lawley, City Manager The Honorable Mayor and City Council. Page 2 Our study and evaluation of the city's internal accounting control. system for the year ended .lune 30, 1474, which was made for the purpose set forth in the first paragraph above, was not designed for the purpose of expressing an opinion on internal accounting control and it would not necessarily disclose all weaknesses in the system. However, we believe the following comments and recommend- ations should be given careful consideration. Court Clerk: Docket and Records: Our examination included a review of the city court clerk's record- keeping system. The court clerk prepares and maintains the court docket, receives payments of fines and court costs, and is charged with the responsibility of keeping track of delinquencies. Our first comment must address itself to a violation of the primary role of internal accounting control, which states that personnel who receive and handle cash should not have access to the underlying accounts receivable records. Observance of this rule provides a significant degree of assurance that receipts will not go unrecorded, that "lapping" of accounts will not occur, and that effective accounting control will be established through separation of duties. Under the court clerk's present system, such separation of duties does not exist, and although we have no evidence of mishandling of court receipts, the possibility of such occurence does exist. Therefore, we recommend that consideration be given to shifting the task of collecting cash from the office of the court clerk to the office of the city collector. Under such a system, the court clerk would continue to exercise control over the court docket. The entry of cases, and the recording of fines and costs assessed, cases continued, payments received or deferred, and the periodic. preparation of delinquency list would remain the exclusive province of the clerk. The collector would need a list of fines assessed at each session of the court to faciliate the collection process. His office would then provide the court clerk with a list of payments received (or copies of receipts written) so that the docket may be updated. As a result, receipts and delinquencies will be verifiable from the city's books to the court docket and vice versa. To provide greater control over delinquencies, and to assist the court in its handling of repeat offenders, the format of the docket should be modified. Under the present format, a case may appear several times on the docket, depending on the status of the case (original entry, continuation, deferral of payment and partial payments). We are of the opinion that a case should be entered only once, and the line entry should provide all data necessary to as of the case s status. Mr. W. G. Lawley, City Manager The Honorable Mayor and City Council Page 3 In other words, one entry in the docket should show all pertinent arrest information, disposition by the court, and a complete record of payments received from the offender. Subsidiary records (or lists) of continued cases and deferrals, as well as periodic lists of delinquencies, can be prepared from the docket without the need to examine more than one page for any one case. Since the amount of detail which can be included in docket entries is dependent on legal as well as accounting considerations, and since such detail could be fairly extensive in scope, we will omit any specific enumeration of such detail in this letter. However, we will be pleased to assist in the design or review of a new docket format and its use, should our suggestions be desired. Basically, our recommendation is aimed at a more streamlined and useful tool for the court clerk. Its ultimate contribution to improved accounting control will lie in the verifiability of its entries through records maintained independently by the city collector. Waste Disposal Receipts: To assure greater accounting control over waste disposal accounts receivable, we recommend the adoption of a monthly reconciliation procedure. With proper programing of the posting machine used by the waste disposal accounting department, monthly charges for services can be compared with collections and month-end receivables to provide a method of analysis and financial control over the commercial operation of the department. At present, the city collector cannot determine independently the balance due on services provided by the waste disposal department. If department clerical personnel were able to generate, through their posting machine, total charges for each month, the collector could verify ending receivables by the following computation: Receivables, Beginning of Month Add: Charges for Month Less: Collections for Month Equals: Receivables, End of Month This theoretical ending balance could then be compared with an adding machine listing of customers' account cards. Posting errors would be more easily detected, proper amount and classification of receipts would be proved, and the collector's office would have one more test for controlling a decentralized accounting function. Mr. W. G. Lawley, City Manager The Honorable Mayor and City Council Page 4 Uniformity of Accounts Several departments operate under some accounts unique to them. But the majority of accounts applicable to one department are applicable to the others. Therefore, a chart of accounts and account numbers, common to each department but distinquished by a departmental prefix number, can easily be designed and implemented. We strongly endorse the city collector's intent to design such a set of accounts and we encourage its adoption at the beginning of the city's next fiscal year. It will greatly enhance the usefulness of this new chart if brief descriptions of each account are issued to the department heads. Uniformity in the classification of transactions can be achieved throughout the department, and expenditures can be applied against the proper budget account with a minimum of misunderstanding and confusion. Sale of Equipment and Other Assets: We recommend the use of a separate revenue account for recording the sale of assets. This new account will provide a better audit trail for subsequent review of asset dispositions, and by setting such transactions out separately on the budget balance report (as opposed to burying them in a "miscellaneous" account), city officials will be given an opportunity to review the transactions on a monthly basis. Federal Shared Revenue Funds: Our examination disclosed no material weaknesses in the internal accounting control over receipt and disbursement of federal revenue sharing monies. Library Funds: Our examination disclosed no material weaknesses in the library's system of internal accounting control. Mr. W. G. Lawley, City Manager The Honorable Mayor and City Council. Page S It has been our pleasure to be of service to the City of Cape Girardeau. We extend our thanks to the City Collector and the employees of the City whose courteous assistance so greatly facilitated our examination. If we may be of further assistance during the coming year, or if you have questions concerning matters contained in this letter of any aspect of our audit, we will be pleased to discuss them with you at your convenience. Very truly yours, ROTHAUS, BARTELS, EARLEY & COMPANY �Ce uy—L, Deck Audit Manager TLD:ab TABLE OF CONTENTS Auditors' Report on Compliance and Supplemental Data • • • • • • • Statement of Changes in Available Funds for the Year Ended June 30, 1979 • Statement of Obligations Incurred for the Year Ended June 30, 1979 • Page 1 2 3 To the Honorable Mayor and City Council City of Cape Girardeau, Missouri We have examined the financial statements of the various funds and account groups of the City of Cape Girardeau, Missouri for the year ended June 30, 1979, and have issued our report thereon dated September 28, 1979. Our examination was made in accordance with generally accepted auditing standards and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In connection with our examination, we also performed tests of compliance with the Revenue Sharing and Antirecession Fiscal Assistance Acts and regulations as required by Sections II.C.3 and III.C.3 of the "Audit Guide and Standards for Revenue Sharing and Antirecession Fiscal Assistance Fund Recipients (Guide)" issued by the Office of Revenue Sharing, U. S. Department of the Treasury. Comparison of the financial data which is to be included on the Bureau of Census form RS -9 for the year ended June 30, 1979 was not possible because the forms were not available to the City at the audit date. However, the Bureau of Census Form RS -9 for the year ended June 30, 1978 was compared with the audit report for that period, and no material differences were discovered. The City was unable to produce evidence of publication in a newspaper of general circulation the availability of the Revenue Sharing Use Report and the availability of the Summary Budget. City' oTficia s are con dam`"' publication requirements were met, but evidential matter was unavailable. Our examination disclosed no other instances of noncompliance. The accompanying statements of changes in available funds and obligations incurred for the year ended June 30, 1979 are submitted as supplemental information. Although they are not considered necessary for fair presentation of the City's financial statements, they have been subjected to the tests and other auditing procedures applied in the examination of the financial statements and, in our opinion, are fairly stated in all material respects in relation to the financial statement taken as a whole. /�Respectfully submit Led, ROTHAUS, BARTELS, EARLEY & COMPANY Certified Public Accountants Setpember 28, 1979 CERTIFIED PUBLIC ACCOUNTANTS 2103 THEMIS STREET .P. CAPE GIRARDEU, MO. 34-334-285 J.. G.. BARTELS, C. A. R. J. EARLEY, C. P. A. FARMINGTON, MO. N. C. WATKINS, JR., C. P. A. 314-756-2298 J. R. JANSSEN, C. P. A. ST. LOUIS. MO. T. R. BEGLEY, C. P. A. 314-997-2544 W. M. WOLFE, C. P. A. D. E. BROWN, C. P. A. G. G. STANLEY, C. P. A. To the Honorable Mayor and City Council City of Cape Girardeau, Missouri We have examined the financial statements of the various funds and account groups of the City of Cape Girardeau, Missouri for the year ended June 30, 1979, and have issued our report thereon dated September 28, 1979. Our examination was made in accordance with generally accepted auditing standards and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In connection with our examination, we also performed tests of compliance with the Revenue Sharing and Antirecession Fiscal Assistance Acts and regulations as required by Sections II.C.3 and III.C.3 of the "Audit Guide and Standards for Revenue Sharing and Antirecession Fiscal Assistance Fund Recipients (Guide)" issued by the Office of Revenue Sharing, U. S. Department of the Treasury. Comparison of the financial data which is to be included on the Bureau of Census form RS -9 for the year ended June 30, 1979 was not possible because the forms were not available to the City at the audit date. However, the Bureau of Census Form RS -9 for the year ended June 30, 1978 was compared with the audit report for that period, and no material differences were discovered. The City was unable to produce evidence of publication in a newspaper of general circulation the availability of the Revenue Sharing Use Report and the availability of the Summary Budget. City' oTficia s are con dam`"' publication requirements were met, but evidential matter was unavailable. Our examination disclosed no other instances of noncompliance. The accompanying statements of changes in available funds and obligations incurred for the year ended June 30, 1979 are submitted as supplemental information. Although they are not considered necessary for fair presentation of the City's financial statements, they have been subjected to the tests and other auditing procedures applied in the examination of the financial statements and, in our opinion, are fairly stated in all material respects in relation to the financial statement taken as a whole. /�Respectfully submit Led, ROTHAUS, BARTELS, EARLEY & COMPANY Certified Public Accountants Setpember 28, 1979 Footnote 1: The City maintains its accounts on the cash basis. Encumbrances have been applied to the account figures to obtain the figures for Obligations Incurred during the period. -2- CITY OF CAPE GIRARDEAU, MISSOURI REVENUE SHARING FUNDS STATEMENT OF CHANGES IN AVAILABLE FUNDS For the Year Ended June 30, 1979 (26 2 016 001) Per Books and Audit Available Funds, Beginning of Year: Unappropriated $ -0 Unencumbered Appropriations 374,527.78 Total $ 374,527.78 Add Revenue: Entitlement Payments 661,791.00 Interest 40,985.85 Total $1,077,304.63 Less Unappropriated, End of Year -0- Available for Obligation During Year $1,077,304.63 Less: n Current Expenditures $ 575,667.72 I� Encumbrances 2,672.46 Total Obligations Incurred $ 578,340.18 Unencumbered Balance, End of Year $ 4989964.45 Unappropriated, End of Year -o- $ 498,964,45(1) Footnote 1: The City maintains its accounts on the cash basis. Encumbrances have been applied to the account figures to obtain the figures for Obligations Incurred during the period. -2- CITY OF CAPE GIRARDEAU, MISSOURI REVENUE SHARING FUNDS STATEMENT OF OBLIGATIONS INCURRED For the Year Ended June 30, 1979 (26 2 016 001) Operating/maintenance expenditures: Environmental protection (Waste disposal) Financial Administration Total Operating/Maintenance Capital Expenditures: Fire Station #1 Park Development Relocate City Hall Total Capital Expenditures Total Obligations Incurred Expenditures Revenue Allocable to Sharing Total Other Funds Funds $ 631,098.73 $ 225,498.73 $ 405,600.00 1,387.99 -0- 1,387.99 $ 632.486.72 $ 225.498.73 $ 406,987.99 $ 29,227.69 $ -0- $ 29,227.69 39,752.51 623.08 39,129.43 102,995.07 -0- 102,995.07 $ 171,975.27 $ 623.08 �S 171,352.19 $ 804,461.99 $226,121.81 $ 578,340.18 Note: The City maintains its accounts on the cash basis. Encumbrances have been applied to the account figures to obtain the expenditures per books during the period. -I-