HomeMy WebLinkAbout1997-1998.AuditReport.CourtFINANCIAL STATEMENTS AND
INDEPENDENT AUDITORS' REPORT
CITY OF CAPE GIRARDEAU MUNICIPAL COURT
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Begley, Janssen, Young & Birk, LC
CERTIFIED PUBLIC ACCOUNTANTS
2103 THEMIS ST- CAPE GIRARDEAU, MISSOURI 63701 TELEPHONE (573)334-2845 FAX (573)334-4338
PARTNERS
JOHN R. JANSSEN, CPA JENNII-LH WES[RICH. CPA
TEHHY R. BEGLEY, CPA 1NUEPENDENT AUDITORS' REPORT JEFF UNTERREINER. CPA
LAWRENCE E. YOUNG, CPA CATHERINE A. W[IIIF. CPA
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
4 Girardeau Municipal Court, a department of the City of Cape
Girardeau, Missouri as of June 30, 1998 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 financial statements referred to
above present fairly, in all material respects, the financial
position of the Cape Girardeau Municipal Court as of June 30, 1998
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
�. December 3, 1998
City of Cape Girardeau, Missouri
MUNICIPAL COURT
BALANCE SHEET
June 30, 1998
r
r
r
r ASSETS
Cash in bank $10,440
LIABILITIES
Appearance bonds payable $10,440
THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT.
F
City of Cape Girardeau, Missouri
MUNICIPAL COURT
r STATEMENT OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL {GAAP BASIS)
r FOR THE FISCAL YEAR ENDED JUNE 30, 1998
r
VARIANCE
FAVORABLE
BUDGET
ACTUAL
(UNFAVORABLE)
r
REVENUES
Court costs
570,P0(}
$69,487
($613}
Fines
580,000
611,339
31,339
_
TOTAL REVENUES
650,000
686,826
30,826
..
EXPENDITURES
Personnel services
195,579
179.315
16,264
Materials and supplies
1,050
1,230
(180)
Contractual S."ces
13,260
15,752
(2,492)
r
General operating
2,900
2,285
615
TOTAL EXPENDITURES
212,789
198,582
_ 14207
+
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
437,211
482,244
45,033
OTHER FINANCING SOURCES (USES)
Transfer to City of Cape
r
Girardeau general fund
(437,211)1482,244)
(45,033)
TOTAL OTHER FINANCING SOURCES
RUSES)
(437,211)
(482,244)
(45033)
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
w
OVER EXPENDITURES AND
OTHER FINANCING USES
$-
$-
$-
r THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT.
Cape Girardeau Municipal Court
NOTE TO FINANCIAL STATEMENTS
June 30, 1998
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.
L 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. Ilie
financial statements presented herein do not include agencies which have been formed
under applicable stale 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 nuong 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.
M
c
Cape Girardeau Municipal Court
NOI L TO FINANCIALS FA "I EMENTS
June 30, 1998
NOTE A — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
.. 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 to 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 o,£Accoumin,
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 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 tinder 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.