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Home My WebLink About1991-1992.AuditReport.Court � � � � � � FINANCIAL STATEMENTS AND � INDEPENDENT AUDITORS' REPORT � CITY OF CAF�E GIRARDEAU MUNICIPAL COURT � June 30, 1992 � � � � � � � � � � � � CONTENTS � Page � Independent Auditors' Report 3 � MUNICIPAL COURT Balance Sheet q � Statement Of Revenues And Expenditures - Budget (GAAP Basis) And Actual 5 � Note To Financial Statemei�ts g � � � � � � � � � � � � � Earley, Janssen, Begley & Company � CERTIFIED PUBLIC ACCOUNTANTS 2103 THEMIS ST. -CAPE GIRARI�EAU, MISSOURI 63701 -TELEPHONE(314)334-2845 FAX[314]334=4338 � PARTNERS JOHN R.JANSSEN, CPA DEBRA K.JOHNS � TERRY F. BEGLEY,CPA KELVIN W.BIRK,CP� LAWRENCE E. YOUNG, CPA JENNIFER WESTRICH � INDEPENDENT AUDITORS ' REPORT 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, 1992 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 aud.it in accordance with generally accepted auditing standards. Those standards require that we plan and � perform the audit to o:btain 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 A1, 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 Gira.rdeau Municipal Court as of June 30, 1992 and the results of its operations for the year then ended in conformity with generally accepted accounting principles. � �y ��c ��1�il2ln ;�//' � Y' � �ua �� i�� .f ' � Cape Girardeau, Missouri December 3 , 1992 � 3 � � � � City of Cape Girardeau, Missouri MUNICIPAL COURT � BALANCE SHEET June 30, 1992 � � � ASSETS � Cash in bank 12 22g � LIABILITIES Appearance bonds payable 12,22g � � � � � � � � � THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. 4 � � � � City of Cape Girardeau, Missouri MUNICIPAL COURT STATEMENT OF REVENUES AND EXPENDITURES — � BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1992 , � VARIANCE FAVORABLE � BUDGET ACTUAL (UNFAVORABLE� REVENUES Court costs 87,000 90,318 3,318 � Fines 524,317 530,768 6,451 TOTAL REVENUES 611,317 621,086 9,769 � EXPENDITURES Personnel services 130,239 129,996 243 Materialsand supplies 1,650 1,033 617 Contractual services 11,140 11,460 (320) � General operating 4,575 3,430 1,145 Capital outlays 0 360 (360) TOTAL EXPENDITURES 147,604 146,279 1,325 � EXCESS (DEFICIENCY) OF REVENUES OVER (UNDEF� EXPENDITURES 463,713 474,807 11,094 � OTHER FINANCING SOURCES (USES) Transfer to city of Cape Girardeau general fund (463,713) (474,807) (11,094) � TOTAL OTHER FINANCING SOURCES (US ES) (463,713) (474,807) (11,094) � EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND � OTHER FINANCING USES 0 0 0 � � � � THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEM[NT. 5 � � � Cape Girardeau Municipal Court NOTE TO FINANCIAL STATEMENTS June 30, 1992 � NOTE A - SUMMARY OF ACCOUNTING POLICIES � A summary of the significant accounting policies consistently applied in the preparation of the accompanying financial statements follows. � 1 . The Reporting Entitv The Cape Girardeau Mur..icipal Court is a department of the General � Fund of the City of Cape Girardeau, Missouri. The Cape Girardeau Municipal Court, for f.lnancial purposes, includes only the activity 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. � The National Council on Governmental Accounting (NCGA) , in order to clarify which organizations, functions and activities of government � should be included in general purpose financial statements, issued NCGA - 3 , "Defining th2 Governmental Reporting Entity" . The NCGA' 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 NCGA concluded that the � basic criteria for including other organizations in a governmental unit ' s reporting entity is the exercise of oversight �_-esponsibility over such agencies by the governmental unit. This Municipal Court � has determined that control of dependence is determined on the basis of budget adoption, taxing authority, funding arid appointment of the respective governing board. � The Municipal Court has determined that no other outside agency meets the above criteria and, therefore, no other a�,ency has been included as a component unit in the Municipal Court ' s financial � statements. 2 . Fund Accountina � The accounts of the MLinicipal 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. � Government resources are allocated to and accounted for in individual funds baseci upon the purposes for which they are to be � spent and the means �y which spending activities are controlled. The various funds are grouped in the financial statements in this report into fund categories as follows. � 6 � � Cape Girardeau Municipal Court NOTE TO FINANCIAL STATEMENTS � June 30, 1992 NOTE A - SUMMARY OF ACCOUNTING POLICIES - Continued � GOVERNMENTAL FUNDS General Fund - The General Fund is the general operating fund of � the city. All financial resources, except those required to be accounted for in another fund, are accounted for in the General Fund. The Cape Girardeau Municipal Court is a department of the � General Fund. 3 . Basis of Accounting � 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 acco�.�nting. Their revenues are recognized when they become measurable and available as net current assets. Taxpayer assessed in��ome, 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. Exceptions to this general rule include court costs � and fines, which are 1-ecognized as revenue when collected. 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. � � � � � � � 7