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Home My WebLink About1981-1982.AuditReport.Library CAPE GIRARDEAU PUBLIC LIBRARY _ Cape Girardeau, Missouri June 30, 1982 CONTENTS Auditors' Report. . . . . . . . . . . . . . . . . . . . . . . . . . Statement of Revenues Collected, Expenditures Paid, and Changes in Fund Balance: Library Operating Fund. . . . . . . . . . . . . . . Exhibit A Library Contribution Fund , , , , , , , , , , , , , Exhibit B Library Building Fund . . . . . . . . . . . . . . . Exhibit C State Aid Fund, , , , , , , , , , , , , , , , , , , Exhibit D Cash Collection Fund. . . . . . . . . . . . . . . . Exhibit E Notes to Financial Statements , , , , , , , , , , , , , , , , , , , **�*�*� **��* �� , �� _ &Company,Inc. Certified Public Accountants P.O.Box 1090 1707 Mt.Auburn Road Cape Girardeau,Missouri 63701 3143351231 he Board of Trustees Girardeau Public Library Girardeau, Missouri 3ve examined the accompanying statements of revenues collected, expenditures paid, �hanges in fund balances of the funds listed below of the Cape Girardeau Public ary, for the year ended June 30, 1982: Library Operating Fund Library Contributions Fund Library Building Fund State Aid Fund Cash Collection Fund �xamination was made in accordance with generally accepted auditing standards, and �dingly included such tests of the accounting records and such other auditing �dures as we considered necessary in the circumstances. the policy of the Library to prepare its financial statements on the basis of receipts and disbursements; consequently certain revenues are recognized when ved rather than when earned, and certain expenses are recognized when paid rather when the obligation is incurred. Additionally, the Library neither maintains ce sheet accounts for the various funds nor does it provide depreciation for in fixed assets. Instead, the Library records the total expenditures as an se of the fund in the period the payment is made. Accordingly, the accompanying ments of cash receipts, disbursements and fund balances are not intended to nt financial position and results of operations in conformity with generally ted accounting principles. r opinion, the aforementioned statements, prepared on a cash basis, present y the balances of the funds listed above of the Cape Girardeau Public Library, at 30, 1982, and the cash transactions for the year then ended, on a basis �tent with that of the preceding year. C & COMPANY, INC. ,��' C,p�"�'d,'`�`j ��'`'C. �r 28, 1982 �irardeau, Missouri CAPE GIRARDEAU PUBLIC LIBRARY EXHIBIT A Cape Girardeau, Missouri LIBRARY OPERATING FUND STATEMENT OF REVENUES COLLECTED, EXPENDITURES PAID, AND CHANGES IN FUND BALANCE Year Ended June 30, 1982 ENUES COLLECTED: axes and Special Assessments: Property Tax Receipts $223,338.91 Railroad and Utility Tax 10,554.63 ines and Forfeitures: Receipts and Bequests 21,938.50 se of Money and Property: Interest on Investments 16,411.21 Weekend Investments 847.10 �es and Service Charges: Miscellaneous and Bequests 1,202.20 �venue from Other Agencies: State - Library Aid 10,150.00 �L REVENUES COLLECTED $284,442.55 ;NDITURES PAID: lture and Recreation: Personal Services: Salaries $ 94,569.53 Salaries/Part-time 65,469.85 FICA 13,924.83 General Operations: Office Supplies 8,426.88 Postage 4,256.82 Dry Goods 621.98 Equipment/Furniture - Supplies 634.56 �ontractual Services: Telephone 3,929.33 Building and Contents Insurance 2,636.00 Travel Expense 4,711.57 Publication/Memberships 810.10 Utilities - General 16,635.29 Equipment Rentals 3,089.64 Equipment Maintenance 2,090.60 Building Maintenance 1,113.23 [iscellaneous Expenses: Audits 767.00 Advertisements 1 ,637.05 'apital Improvements: Educational Toys 202.64 Microfilms 1,785.17 Records/Cassettes 3,612.76 Filmstrips 1,330.19 Newspapers 3,956.01 Bindings 659.15 Books 41 ,456.58 Furniture 1,648.49 EXPENDITURES PAID 279,975.25 S OF REVENUES COLLECTED OVER EXPENDITURES PAID $ 4,467.30 3ALANCE AT BEGINNING OF YEAR 134,830.93 3ALANCE AT END OF YEAR $139,298.23 See Notes to Financial Statements. CAPE GIRARDEAU PUBLIC LIBRARY EXHIBIT B Cape Girardeau, Missouri LIBRARY CONTRIBUTION FUND STATEMENT OF REVENUES COLLECTED, EXPENDITURES PAID, AND CHANGES IN FUND BALANCE Year Ended June 30, 1982 NUES COLLECTED: e of Money and Property: Interest on Investments $ 2,892.93 Weekend Investments 174.27 �s and Service Charges: �ontributions 14,352.26 � REVENUES COLLECTED $17,419.46 1DITURES PAID: _ture and Recreation: :apital Improvements: Building Project 11,663.21 '�S OF REVENUES COLLECTED OVER EXPENDITURES PAID $ 5,756.25 BALANCE AT BEGINNING OF YEAR 23,409.00 BALANCE AT END OF YEAR $29.165.25 See Notes to Financial Statements. CAPE GIRARDEAU PUBLIC LIBRARY Cape Girardeau, Missouri EXHIBIT C LIBRARY BUILDING FUND STATEMENT OF REVENUES COLLECTED, EXPENDITURES PAID, AND CHANGES IN FUND BALANCE Year Ended June 30, 1982 VUES COLLECTED: � of Money and Property: [nterest on Investments $15,448.79 deekend Investment 306.78 � REVENUES COLLECTED $ 15,755.57 fDITURES PAID: .ture and Recreation: ;apital Improvements: Other Building Construction Costs 938.48 S OF REVENUES COLLECTED OVER EXPENDITURES PAID $ 14,817.09 BALANCE AT BEGINNING OF YEAR 118,833. 17 BALANCE AT END OF YEAR $133.650 26 See Notes to Financial Statements. CAPE GIRARDEAU PUBLIC LIBRARY EXHIBIT D Cape Girardeau, Missouri STATE AID FUND STATEMENT OF REVENUES COLLECTED, EXPENDITURES PAID, AND CHANGES IN FUND BALANCE Year Ended June 30, 1982 :NUES COLLECTED: �es and Service Charges: Reimbursement of Travel and Meeting Expenses $2,169.60 Reimbursement of Other Expenses 1,849.71 venues from Other Agencies: State Aid (An additional $10,150.00 is shown in Library Operating Fund) 1,313.52 L REVENUES COLLECTED $5,332.83 �DITURES PAID: Lture and Recreation: �ravel $1,414.00 )ues and Registration 7$9.70 tecords, Toys and Equipment 889.66 ?rinting and Supplies 163.09 4owing 225.00 'ostage 710.00 iiscellaneous 150.01 � EXPENDITURES PAID 4,341.46 �S OF REVENUES COLLECTED OVER EXPENDITURES PAID $ 991.37 BALANCE AT BEGINNING OF YEAR 795.31 BALANCE AT END OF YEAR $1 ,786.68 See Notes to Financial Statements. CAPE GIRARDEAU PUBLIC LIBRARY EXHIBIT E Cape Girardeau, Missouri CASH COLLECTION FUND STATEMENT OF REVENUES COLLECTED, EXPENDITURES PAID, AND CHANGES IN FUND BALANCE Year Ended June 30, 1982 ;NUES COLLECTED: nes stage Reimbursement $ 9,712.79 pies 827.28 cro-Prints 2,074.60 st Books 169.80 morials 834.64 ilities Reimbursement 7,676.12 354.79 her 1,334.80 ss - Monies Transferred to Library Operating Fund: 3hown in Library Operating Fund as Fines and Forfeitures (21,938.50) ihown in Library Operating Fund as Fees and Service Charges (1,000.00) iS OF REVENUES COLLECTED OVER TRANSFERS $ 46.32 BALANCE AT BEGINNING OF YEAR 242.66 BALANCE AT END OF YEAR 288.9g See Notes to Financial Statements. CAPE GIRARDEAU PUBLIC LIBRARY _ Cape Girardeau, Missouri NOTES TO FINANCIAL STATEMENTS June 30, 1982 Summar� of Significant Accounting Policies: All funds of the Cape Girardeau Public Library are accounted for using the cash basis of accounting. Their revenues are recognized when collected rather than when they are measurable and available as current assets, with expenditures being recognized when paid rather than when incurred. This basis of accounting does not conform to generally accepted accounting principles. The Library Operating Fund, the Library Contribution Fund and the Library Building Fund are accounted for through the City of Cape Girardeau's records and are shown there as special revenue funds. The State Aid Fund and the Cash Collection Fund are not incorporated into the City's accounting system. The Library personnel maintain records on revenues collected and transfer funds to the Library Operating Fund, which transfers are accounted for the City's records as revenue collected.