GUILFORD TOWNSHIP MEDINA COUNTY, OHIO FOR …

[Pages:6]GUILFORD TOWNSHIP MEDINA COUNTY, OHIO

FOR THE YEARS ENDED DECEMBER 31, 2000 AND 1999

35 North Fourth Street, 1st Floor Columbus, Ohio 43215

Telephone 614-466-4514 800-282-0370

Facsimile 614-728-7398

Board of Trustees Guilford Township Medina County, Ohio

We have reviewed the Independent Auditor's Report of Guilford Township, Medina County, prepared by Rea & Associates, Inc., for the audit period January 1, 1999 to December 31, 2000. Based upon this review, we have accepted these reports in lieu of the audit required by Section 117.11, Revised Code. The Auditor of State did not audit the accompanying financial statements and, accordingly, we are unable to express, and do not express an opinion on them.

Our review was made in reference to the applicable sections of legislative criteria, as reflected by the Ohio Constitution, and the Revised Code, policies, procedures and guidelines of the Auditor of State, regulations and grant requirements. Guilford Township is responsible for compliance with these laws and regulations.

June 28, 2001

JIM PETRO Auditor of State

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GUILFORD TOWNSHIP MEDINA COUNTY, OHIO

FOR THE YEARS ENDED DECEMBER 31, 2000 AND 1999

TABLE OF CONTENTS

Independent Auditor's Report .....................................................................................................

1

Combined Statement of Cash Receipts, Cash Disbursements, and Changes in

Fund Balances - All Governmental Fund Types

For the Year Ended December 31, 2000.................................................................................

2

Combined Statement of Cash Receipts, Cash Disbursements, and Changes in

Fund Balances - All Governmental Fund Types

For the Year Ended December 31, 1999.................................................................................

3

Notes to the Financial Statements................................................................................................ 4 - 9

Report on Compliance and on Internal Control Over Financial Reporting Based

on an Audit of Financial Statements Performed in Accordance with Government

Auditing Standards .................................................................................................................

10

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May 4, 2001

Board of Trustees Guilford Township Medina County, Ohio

INDEPENDENT AUDITOR'S REPORT

We have audited the accompanying financial statements of Guilford Township, Medina County, as of and for the years ended December 31, 2000 and 1999, as listed in the table of contents. These financial statements are the responsibility of the Guilford Township's management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the 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 described in Note 1, the Township, prepares its financial statements on the basis of accounting prescribed by the Auditor of State, which is a comprehensive basis of accounting other than generally accepted accounting principles.

In our opinion, the financial statements referred to above present fairly, in all material respects, the combined cash balances of Guilford Township, Medina County, as of December 31, 2000 and 1999, and the revenues it received and expenditures it paid for the years then ended, on the basis of accounting described in Note 1.

In accordance with Government Auditing Standards, we have also issued a report dated May 4, 2001 on our consideration of the Township's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grants. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be read in conjunction with this report in considering the results of our audit.

This report is intended solely for the information and use of the trustees, management and other officials authorized to receive this report under Section 117.26, Ohio Revised Code, and is not intended to be and should not be used by anyone other than these specified parties.

1

GUILFORD TOWNSHIP MEDINA COUNTY, OHIO

COMBINED STATEMENT OF CASH RECEIPTS, CASH DISBURSEMENTS, AND CHANGES IN FUND CASH BALANCES - ALL GOVERNMENTAL AND SIMILAR

FIDUCIARY FUND TYPES FOR THE YEAR ENDED DECEMBER 31, 2000

Governmental Fund Types

General

Special Revenue

Capital Projects

Total (Memorandum

Only)

CASH RECEIPTS: Taxes Licenses, Permits, and Fees Fines and Forfeitures Intergovernmental Receipts Interest All Other Revenue Total Cash Receipts

$

36,510 $

492,843 $

5,970

0

75

0

125,037

99,787

55,301

2,980

6,293

24,913

229,186

620,523

0$ 0 0 0 0 0 0

529,353 5,970 75

224,824 58,281 31,206 849,709

CASH DISBURSEMENTS: General Government Public Safety Public Works Health Capital Outlay Total Cash Disbursements

109,662 0 0 0

40,127 149,789

0 284,708 213,226 12,345 22,065 532,344

0 0 0 0 49,495 49,495

109,662 284,708 213,226 12,345 111,687 731,628

Total Receipts Over (Under) Disbursements

79,397

88,179

(49,495)

118,081

OTHER FINANCING SOURCES (USES): Operating Transfers - In Operating Transfers - Out Total Other Financing Sources (Uses)

0 (10,000) (10,000)

10,000 0

10,000

0

10,000

0

(10,000)

0

0

Total of Receipts and Other Sources Over (Under Disbursements and Other Financing Uses

69,397

98,179

(49,495)

118,081

Fund cash balances, beginning of year

377,418

432,093

50,122

859,633

Fund cash balances, end of year

$

446,815 $

530,272 $

627 $

977,714

The notes to the financial statements are an integral part of this statement. 2

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