Pima County Department of Wastewater Management June 30, 2003 Financial Audit

Office Of The Auditor General

Description

A REPORTTO THEARIZONA LEGISLATUREFinancial Audit DivisionFinancial Statement AuditPima CountyDepartment of WastewaterManagementJune 30, 2003Debra K. DavenportAuditor GeneralThe Auditor General is appointed by the Joint Legislative Audit Committee, a bipartisan committee composed of fivesenators and five representatives. Her mission is to provide independent and impartial information and specificrecommendations to improve the operations of state and local government entities. To this end, she provides financialaudits and accounting services to the State and political subdivisions, investigates possible misuse of public monies, andconducts performance audits of school districts, state agencies, and the programs they administer.Copies of the Auditor General’s reports are free.You may request them by contacting us at:Office of the Auditor General2910 N. 44th Street, Suite 410 • Phoenix, AZ 85018 • [phone]Additionally, many of our reports can be found in electronic format at:www.auditorgen.state.az.usPima County Department of Wastewater Management Report on Audit of Financial Statements June 30, 2003 Table of Contents Page Independent Auditors' Report 1 Statement of Net Assets—Enterprise Fund 2 Statement of Revenues, Expenses, and Changes in Fund Net Assets—Enterprise Fund 4 Statement of Cash Flows—Enterprise Fund 5 Notes to Financial Statements 7 Supplementary Schedules Combining Statement of Net Assets ...

Informations

• Publié par: Ontea
• Nombre de lectures: 18
• Langue: English

Extrait

A REPORT TO THE ARIZONA LEGISLATURE

Financial Audit Division

Financial Statement Audit

Pima County Department of Wastewater Management June 30, 2003

Debra K. Davenport Auditor General

neG rotiduA ehTedntoipp aisalerlsigvitauA e tidy  be thinJoLet raitas nocmmtietCommittee, a bip otanes ev f dna sr osmpcoe fif  oed H reev.sisnom sireprive tatiesen ant indepnddeenivori ed si p ot specifition andi fnroampmraitla  ohe tveromp ito snoitadnemmocer govocalnd lte as at sfoitnoeparviro phenafis de tidua icn ca dna s ent ernmtiesentit ih .oT,ds  sne  pnditolalicub sividnoisi ,ssevncounting service sott ehS ateta  dnoc na ,seinom c ceanrmfoer ptsuc bielopsset sitagubliof puse  mis ,seidna a etcnegamgrths he tro pfos hcooa duti scts, stal distriindm aeyr.teis

Copies of the Auditor General’s reports are free. You may request them by contacting us at: Office of the Auditor General 2910 N. 44th Street, Suite 410 • Phoenix, AZ 85018 • [phone] Additionally, many of our reports can be found in electronic format at: www.auditorgen.state.az.us

   

Pima County Department oWf astewater Management  Report on Audit of Financial Statements June 30, 2030 

  Table of Contents   Independent Auditors' Report   Statement of Net Ass—etEsnterprise Fund     Statement of Revenues, Expenses,C ahnadn gesi n Fund     Net Asset—s Enterprise Fund     Statement of Cash Flo—wEsnterprise Fund     Notes to Financial Statements     Supplementary Schedules       CombiningStatement of Net Ass   ets     Combining Statement of Revenues, Expense   s, and      Changes inFundNet Asset   s     Combining Statement of Cash Flows  

 

     

Page   1   2     4   5     7       22       24     25  

d is n  maPi

          STATE OF ARIZONA   OFFICE OF THE DEBRA K. DAVENPORT, CPA AUDITOR GENERAL   W DE I P L U L T I Y A AU M D   IT T O H R O GE M NE S R O AL N     AUDITOR GENERAL   Independent Auditors' Report       Members of the Arizona State Legislature   The Board of Supervisors of Pima County, Arizona     We have audited the accompanying financial statements of the Pyi mDae pCaorutnmtent of Wastewater  Managemenat s of and for the year ended June 30,3 ,2 0a0s listed in the table of con.t eTnhtesse financial  statements are the responsibiflitny  o’tnemtrapeD ehOu. ntmegenamas ilytisibpsno rerss axpreto e is  opinion on these afincial statements based on our audit.   We conducted our audit in accordance with U.S. generally accepted auditin.g T shtoasned satradnsdards  require that we plan and perform the audit to obtain reasonable assurance about whether the fin statements ea rfree of material misstate. mAentid t uasis, evidence clinesudxa enimi ,gna noset ab t supporting the amounts and disclosures in the financial st. aAten maeundtits also includes assessing the  accounting principles used and significant estimates madnea gbey mmeant, as well as evaluating the  overall financial statement presen. taWtieo nbelieve that our audit provides a reasonable basis for our  opinion.   As discussed in Note 1,  tPhiema County Department of eWwaastenem tsl iaatstt’enemagncnafis naM re are inetnded top resent thfei nancial positi,o annd the changes in financial position and cash,  flofo wosnly  that portion of the busin-teyspse activities and major fundPsi mofa  County that is attributable toP itmhea   County Department of Wastewater Manag Feumned.n tThey do not purport to, and do not, present fairly  the financial positiouJ f3 en ytno samaPiou Cnf ind aontsaicnanifitisop lnges chaits  in 00,3,02 t eha dn   cash flowsf or the year then endine dc onformity with U.S. generally accepted accouint .selpicrp gni   In our opinion, the financial statements referarbeodv et op resent fairly, in all material respects, the  financial position of the Pima County rtDmeepant of Wastewater Manage mase notf Jun e30, 2003, and  the changes inits financial positioannd its cash flows for the year then ended in conformity with U.S. generally accepted accounting principles.   Our audit was conducted for the purpose of forming an opinion on the financial statements of the County Department of Wastewater Manag. eTmheformation listedni gifancnai lnit aomccnypa sa n supplementary schedules in the table of contents is presented for purposes of additional analysis a not a required part of the financial stat.e Smuecnht sinformation has been subjected to the auditing  procedures applied in the audit of the financial statements and, in our opinion, is fairly stated, i material respects, in relation to the financial statements taken   as a whole.       Debbie Davenport Auditor General November 7, 20   03     2910 NORTH 44 th STREET • SUITE 410 • PHOENIX, ARIZONA • (602) 553 -0333 • FAX [phone]    

n l al alcian 

  Pima County Departmenotf Wastewater Management Statement of Net Ass—etEsnterprise Fun d June 30, 2030      Asset   Current assets:  Cash and cash equivalents $   966,267  Interest receivable 7,021  Accounts receivab, lneet 6,859,763  Due from other Pima County funds 1,675  Due from other governments 287,517  Inventory of materials and supplies 2,610,951  Prepaid expenses 128,877  Total current assets 10,862,071    Noncurrent sasets:    Restricted assets:  Cash and cash equivalents:  Restrictde for debt service 1,245,429  Restricted for operation and maintenance 3,669,003  Held in escrow as construction contract retentions 2,987,679  Interest receivable 19,952  Total restricted assets 7,922,063      Capital sasets, net of accumulated depreciation where app licable:   Land and other improvements 11,958,225   Solid waste transfer stat,i onnes t1,595,76 4   Conveyance syste,m nse t264,664,98 3  Treatment facilit,ienset 130,640,733  Equipmen,tnet 6,952,999  Construction in progress 136,170,9 9 7     Total capital asse,t sne t  551,983,68 3     Deferred financing costs 848,259     Total noncurrent assets 560,754,005     Total assets $571,616,076    (Continued) See accompanying notes to financial statements. 2

 

Pima County Department of Wastetewra Manageme nt Statement of Net Ass—etEsnterprise Fu nd June 30, 2030  (Continued)     Liabiliti   Current liabilities:  Accounts payable  Accrued payroll and employee benefits  Due to other Pima County funds  Interest payable  Current portion of sewer revenue bonds payable  Current portion of wastewlaotaenr s payabl e  Deferred sewer connection revenue  Deferred sludge hauling revenue    Total current lbiialitie s   Noncurrent liabilities:  Construction contract retentions payable  Landfill closure and postclosure care costs payable  Sewer revenue bonds payable, less current portion  Wastewatero alns paayble, less current port ion  Deferred interest expense and bond discount  Total noncurrent liabilities    Total liabilities   Net Asse   Invested in capital assets, net of related debt Restricted for:  Debt service  Capital projects  Wastewater management Unrestricted deficit    Totalnet assets See accompanying notesi tnoa fncial statemen ts. 3

      $    8,371,812 3,146,908 10,967,672 11,714 4,965,000 4,269,721 1,346,678              500  33,080,005     6,848,853 15,644,952 63,275,000 59,609,308  (5,469,82)9  139,908,284    172,988,289       426,182,74 1   1,245,429 3,007,631 3,669,003  (35,477,01)7   $398,627,78 7