Coconino County June 30, 2004 Report Highlights Single Audit

Office Of The Auditor General

Description

Coconino CountyREPORTHIGHLIGHTS County’s CondensedSINGLE AUDIT Financial InformationSubjectCoconino County isresponsible for preparing The tables below present a summarized Statement of Activities as of and for thefinancial statements, version of the County’s government-wide year ended June 30, 2004.maintaining strong internal Statement of Net Assets andcontrols, anddemonstratingStatement of Net Assets Statement of Activities accountability for its use ofJune 30, 2004 Year Ended June 30, 2004 public monies. As the(In millions) (In millions) auditors, our job is to determine whether the Governmental Governmental County has met its Activities Activities responsibilities. Current and other assets $106.56 Program revenues $ 53.25 Capital assets 88.60 General revenues 49.67 Our Conclusion Total assets 195.16 Total revenues 102.92 Expenses: The information in the Current liabilities 9.84 General government 24.04 financial statements is Long-term liabilities 44.19 Public safety 23.54 fairly stated in all material Total liabilities 54.03 Highways and streets 14.28 respects and the financial Other 27.58 statements can be relied Net assets Total expenses 89.44 on. The County maintained Invested in capital assets, Change in net assets 13.48 adequate internal controls net of related debt 49.37 Net assets—beginning, as restated 127.65 Restricted net assets 38.07 over financial reporting. For—ending $141.13 ...

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• Publié par: Mezat
• Nombre de lectures: 10
• Langue: English

Extrait

Coconino County

REPORT HIGHLIGHTS County’s Condensed SINGLE AUDIT Financial Information Subject Coconino County is responsible for preparing Statement of Activities as of and for theThe tables below present a summarized financial statements, ’  maintaining strong internal controls, and demonstrating Statement of Net Assets Statement of Activities accountability for its use of June 30, 2004 Year Ended June 30, 2004 public monies. As the (In millions) (In millions) auditors, our job is to determine whether the Governmental Governmental County has met its  Activities Activities responsibilities. Current and other assets$106.56 Program revenues $53.25 Capital assets88.60 General revenues 49.67 Our Conclusion Total assets195.16 Total revenues 102.92  Expenses: The information in the Current liabilities9.84 General government 24.04 financial statements is Longterm liabilities44.19 Public safety 23.54 fairly stated in all material Total liabilities54.03 Highways and streets14.28 respects and the financial  Other27.58 statements can be relied 89.44Total expenses Net assets on. The County maintained Change in net assets13.48 Invested in capital assets, adequate internal controls 49.37 Net assets—beginning, as restated net of related debt 127.65 Restricted net assets38.07 Net assets—ending $141.13 over financial reporting. For Unrestricted net assets53.69 our compliance audit of Total net assets$141.13 federal programs, auditors noted three internal control weaknesses and three instances of noncompliance for the The County did not Comply major programs tested, one of which was with Federal Requirements determined to be a material internal control weakness and material for the Schools and Roads— noncompliance. Grants to States Program

2004 Year Ended June 30, 2004

The County did not comply with program requirements relating to the DavisBacon Act for its Schools and Roads—Grants to States program. Specifically, the County awarded two road construction contracts totaling more than $2.5 million and neither included the prevailing wage rate clause in

the contracts nor required the contractors to submit certified payrolls. Our report indicates that this resulted in material noncompliance with the program’s Davis Bacon Act requirements and was considered a material internal control weakness.

Expenditures of Federal Monies Increase by

Federal Expenditures by Awarding Agency Totaling $15 Million Fiscal Year 2004 (In Millions) Hom eland Security Labor $0.5 $0.7 Interior $0.9 Other Agriculture $1.0 $8.0 Transportation $1.4 Health and Hum anServices $2.5

unization Grants;and Centers for icare and Medicaid Services ) Research, Demonstrations and ations programs. thousand increase in U.S. rtment of Transportation rams, mostly related to the ral Transit—Formula Grants and and Community Highway Safety rams. thousand decrease in the ents in Lieu of Taxes program the U.S. Department of the or. thousand decrease in U.S. rtment of Labor programs, mostly d to reduced funding for the force Investment Act programs. thousand increase in U.S. rtment of Homeland Security rams, mostly related to the State estic Preparedness Equipment ort Program.

TOOBTAIN MOREINFORMATION

A copy of the full report can be obtained by calling (602)5530333

or by visiting our Web site at: www.auditorgen.state.az.us

Contact person for this report: Phil Shultz

TheSingleAuditFactSheet No weaknesses in financial ! reporting internal controls. Three weaknesses in federal ! compliance internal controls, one of which was considered a material internal control weakness. Three instances of noncompliance ! with federal compliance requirements, one of which was considered material noncompliance.

REPORT HIGHLIGHTS SINGLE AUDIT

Year Ended June 30, 2004

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