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Home My WebLink About1992-1993.AuditReport.Court � . . � � � � � � FINANCIAL STATEMENTS AND INDEPENDENT AUDIT�RS' REPORT � CITY OF CAPE GIRARDEAU MUNICIPAL COURT � une 30 19 J , 93 � � � � � � � � � � � � � CONTENTS � � Page Independent Auditors' Report 3 � MUNICIPAL COURT � Balance Sheet � 4 Statement Of Revenues And Expenditures - � Budget (GAAP Basis) And Actual 5 Note To Financial Statements 6 � � � � � . � � � � �1 � � � � - Earley, Janssen, Begley & Cornpany � CERTIFIED PUBLIC ACCOUNTANTS 2103 THEMIS ST.-CAPE GIRAROEAU, MISSOURI 63701 -TELEPHONE(314)334-2845 FAX[314)334=4338 � PARTNERS JOHN R.JANSSEN,CPA KELVIN W.81RK,CPA � TERRY R. BEGLEY,CPA 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, 1993 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 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 Girardeau Municipal Court as of June 30, 1993 and the results of its operations for the year then ended in conformity with generally accepted accounting principles. � � �,1✓�in l,'�i� ��ui, C i rdeal , �Ii�souri ✓ � October 29, 1993 � 3 � � City of Cape Girardeau, Missouri MUNICIPAL COURT � BALANCE SHEET June 30, 1993 � � � � ASSETS � Cash in bank 5,185 � LIABILITIES Appearance bond payable 5,185 � � � � � � � � � THE NOTES TO THE FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. � 4 � . � City of Ca e Girardeau, Missouri P MUNICIPAL COURT � STATEMENT OF REVENUES AND EXPENDITURES — BUDGET (GAAP BASIS) AND ACTUAL FOR THE FISCAI YEAR EN�ED JUNE 30, 1993 � � VARIANCE FAVORABLE BUDGET ACTUAL (UNFAVORABL� REVENUES � Court costs 87,000 84,874 (2,126) Fines 571,000 567,874 45,874 TOTAL REVENUES 609,000 652,748 43,748 � EXPEN DITU RES Personnel services 145,200 145,801 (601) Materials and supplies 1,400 979 421 � Contractual services 11,700 10,137 1,563 General operating 4,725 4,371 354 Capital outlays 0 0 0 � TOTAL EXPENDITURES 163,025 161,288 1,737 EXCESS (DEFICIENCY) OF REVENUES � OVER (UNDER) EXPENDITURES 445,975 491,460 45,485 OTHER FINANCING SOURCES (USES) � Transferto City of Cape Girardeau general fund (445,975) (491,46� (45,485) TOTAL OTHER FINANCING SOURCES � (USE S) (445,97� (491,460) (45,485) 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 STATEMENT. � 5 � � � Cape Girardeau Municipal Court � NOTE TO FINANCIAL STATEMENTS June 30, 1993 � 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 Reportinq Entitv � The Cape Girardeau Municipal Court is a component unit 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. 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 the 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. This Municipal Court has determined on the basis of budget adoption, taxing authority, funding and • appointment of the � respective governing board. 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 Accountinq The accounts of the Library 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. � � 6 � - - � Cape Girardeau Municipal Court NOTE TO FINANCIAL STATEMENTS � June 30, 1993 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued [� 2 . Fund Accountina - Continued !i 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 of Accountina � 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 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