HomeMy WebLinkAbout1995-1996.AuditReport.CourtFINANCIAL STATEMENTS AND
INDEPENDENT AUDITORS' REPORT
CITY OF CAPE GIRARDEAU MUNICIPAL COURT
June 30, 1996
CONTENTS
Independent Auditors' Report
MUNICIPAL COURT
Balance Sheet
Statement Of Revenues And Expenditures -
Budgel And Actual (GAAP Basis)
Note To Financial Statements
Page
3
I
+
Begley, Janssen, Young & Birk, LC
+ CERTIFIED PUBLIC ACCOUNTANTS
2103 THEMIS ST - CAPE GIRARDEAU, MISSOURI 63701 -TELEPHONE (573) 3342845 -FAX (573) 334-4338
+ PARTNERS
JOHN R. JANSSEN, CPA INDEPENDENT AUDITORS' REPORT JENNIFER WESTRICH, CPA
TERRY R. BEGLEY CPA JEFF ENTEBBE I NER, CPA
+ LAWRENCE E. YOUNG. CPA CATHERINE A. WHITE
KELVIN W. BIRK, CPA
Honorable Mayor and Members
of the City Council
Cape Girardeau, Missouri
,+ We have audited the accompanying financial statements of the Cape
Girardeau Municipal Court, a department of the City of Cape
Girardeau, Missouri as of June 30, 1996 and for the year then
ended. These departmental financial statements are the
responsibility of the City of Cape Girardeau's management. Our
responsibility is to express an opinion on the departmental
financial statements based on our audit.
We conducted our audit in accordance with generally accepted
auditing standards. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
departmental financial statements are free of material
misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the departmental
financial statements. An audit also includes assessing the
accounting principles used and the significant estimates made by
management, as well as evaluating the overall financial statement
+ presentation. We believe that our audit provides a reasonable
basis for our opinion.
As discussed in note Al, the financial statements of. the Cape
Girardeau Municipal Court are intended to present the financial
position and results of operations of only that portion of the
General Fund of the City of Cape Girardeau that is attributable to
,. the Municipal Court.
In our opinion, the departmental financialstatements referred to
above present fairly, in all material. respects, the financial.
position of the Cape Girardeau Municipal Court as of June 30, 1996
and the results of its operations for the year then ended in
conformity with generally accepted accounting principles.
~ BEGLEY, JANSSEN, YOUNG & BIRK, LC
Cape Girardeau, Missouri
November 26, 1996
ASSETS
Cash in bank
LIABILITIES
Appearance bonds payable
City of Cape Girardeau, Missouri
MUNICIPAL COURT
BALANCE SHEET
June 30, 1996
$10,065
$10,065
THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT.
4
City of Cape Gimrdaau, Miss.en
MUNICIPAL COURT
STATEMENT OF REVENUES AND EXPENDITURES —
BUDGET AND ACTUAL (GAAP BASIS)
i FOR THE FISCAL YEAR ENDED JUNE 30, 1996
THE NOTES TO THE FINANCIAL STATEMEERS ARE AN INTEGRAL PART OF THIS STATEMENT.
5
VARIANCE
FAVORABLE
BUDGET
ACTUAL
(UNFAVORABLE)
_
REVENUES
Coua costs
$75,000
$71,914
($3,086)
Fines
485,000
553,214
68,214
TOTAL REVENUES
560,000
625,128
65,128
EXPENDITURES
Personnol services
194,144
162,618
11,526
Materials and supplies
1,212
1,104
108
Contractual services
12.726
11,563
1,163
General operating
3,485
2,124
1,361
Capital outlays
900
840
60
TOTAL EXPENDITURES
212,467
1%249
14,216
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
347,533
426,879
79,346
OTHER FINANCING SOURCES (USES)
Transfer to City of Cape
Girardeau general fund
)347.533)
(426,87)
)79,346)
TOTAL OTHER FINANCING SOURCES
(USES)
(347,533)
(426,87)
(79,346)
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER EXPENDITURES AND
OTHER FINANCING USES$—
THE NOTES TO THE FINANCIAL STATEMEERS ARE AN INTEGRAL PART OF THIS STATEMENT.
5
Cape Girardeau Municipal Court
NOTE TO FINANCIAL STATEMENTS
June 30, 1996
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A summary of the significant accounting policies consistently
applied in the preparation of the accompanying financial statements
follows.
1. The Reporting Entity
The Cape Girardeau Municipal Court is a department of the City of
Cape Girardeau, Missouri. The Cape Girardeau Municipal Court, for
financial purposes, includes all of the funds relevant to the
operations of the Cape Girardeau Municipal Court. The financial
statements presented herein do not include agencies which have been
formed under applicable state laws of separate and distinct units
of government apart from the Cape Girardeau Municipal Court.
A separate report has been issued on the general purpose financial
statements of the City of Cape Girardeau, Missouri. Reference
should be made to that report for additional information.
' The Governmental Accounting Standards Board (GASB), in order to
establish criteria for determining which organizations should be
included in a governmental financial reporting entity, issued GASB
Statement No. 14, "The Financial Reporting Entity". The GASB's
intention was to provide a basis for making comparisons among units
of government, to reduce the possibility of arbitrary exclusion or
inclusion of organizations in financial reports, and to enable
financial statement users to identify the operations for which
governmental entities are responsible. The GASB concluded that the
basic criteria for including other organizations in a governmental
unit are financial accountability and fiscal dependency.
The Municipal Court is not a separate entity from the City of Cape
Girardeau and its operations are blended with the City in the
City's general purpose financial statements.
The Municipal Court has determined that no other outside agency
meets the above criteria and, therefore, no other agency has been
included as a component unit in the Municipal Court's financial
statements.
2. Fund Accounting
` The accounts of the Municipal Court are organized on the basis of
funds and account groups, each of which is considered a separate
accounting entity. The operations of each fund are accounted for
with a separate set of self -balancing accounts that comprise its
assets, liabilities, fund equity, revenues and expenditures or
expenses, as appropriate.
r Cape Girardeau Municipal Court
NOTE TO FINANCIAL STATEMENTS
June 30, 1996
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
+ 2. Fund Accounting - Continued
Government resources are allocated to and accounted for in
individual funds based upon the purposes for which they are to be
spent and the means by which spending activities are controlled.
The various funds are grouped, in the financial statements in this
report, into fund categories as follows.
GOVERNMENTAL FUNDS
special Revenue Funds - Special Revenue Funds are used t0 account
for the proceeds of specific revenue sources (other than special
assessments, expendable trusts or major capital projects) that are
legally restricted to expenditures for specified purposes.
3. Basis of ACC:OUntinq
Basis of accounting refers to when revenues and expenditures or
expenses are recognized in the accounts and reported in the
financial statements. Basis of accounting relates to the timing of
v.
the measurements made, regardless of the measurement focus applied.
All governmental funds are accounted for by using the modified
accrual basis of accounting. Their revenues are recognized when
they become measurable and available as net current assets.
Taxpayer assessed income, gross receipts and sales taxes are
considered "measurable" when in the hands of the intermediary
collecting governments and are recorded as liabilities and
reductions of revenue when they are measurable and their validity
seems certain.
Expenditures are generally recognized under the modified accrual.
basis of accounting when the related fund liability is incurred.
Exceptions to this general rule include principal and interest on
.. general long-term debt which is recognized when due.