MADISON COUNTY TENNESSEE
ANNUAL FINANCIAL REPORT MADISON COUNTY, TENNESSEE
FOR THE YEAR ENDED JUNE 30, 2019
DIVISION OF LOCAL GOVERNMENT AUDIT
ANNUAL FINANCIAL REPORT MADISON COUNTY, TENNESSEE FOR THE YEAR ENDED JUNE 30, 2019
COMPTROLLER OF THE TREASURY JUSTIN P. WILSON
DIVISION OF LOCAL GOVERNMENT AUDIT JAMES R. ARNETTE Director
LEE ANN WEST, CPA, CGFM Audit Manager
JUSTIN NEAL, CPA, CGFM LAUREN LEWIS, CPA MEGAN FOSTER MADISON LASTER
ELISHA CROWELL, CISA, CFE State Auditors
This financial report is available at ptroller.
2
MADISON COUNTY, TENNESSEE TABLE OF CONTENTS
Summary of Audit Findings
INTRODUCTORY SECTION
Madison County Officials
FINANCIAL SECTION
Independent Auditor's Report Management's Discussion and Analysis BASIC FINANCIAL STATEMENTS:
Government-wide Financial Statements: Statement of Net Position Statement of Activities
Fund Financial Statements: Governmental Funds: Balance Sheet Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position Statement of Revenues, Expenditures, and Changes in Fund Balances Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities Statements of Revenues, Expenditures, and Changes in Fund Balances ? Actual (Budgetary Basis) and Budget: General Fund Highway/Public Works Fund Proprietary Fund: Statement of Net Position Statement of Revenues, Expenses, and Changes in Net Position Statement of Cash Flows Fiduciary Funds: Statement of Fiduciary Assets and Liabilities
Index and Notes to the Financial Statements REQUIRED SUPPLEMENTARY INFORMATION:
Schedule of Changes in Net Pension Liability (Asset) and Related Ratios Based on Participation in the Public Employee Pension Plan of TCRS ? Primary Government
Schedule of Contributions Based on Participation in the Public Employee Pension Plan of TCRS ? Primary Government
Exhibit
A B
Page(s)
6
7
8-9
10
11-13 14-20
21
22-23 24-25
C-1
26-28
C-2
29
C-3
30-33
C-4
34
C-5
35-38
C-6
39
D-1
40
D-2
41
D-3
42
E
43
44-111
112
F-1
113
F-2
114
3
Schedule of Contributions Based on Participation in the Teacher Retirement Plan of TCRS ? Discretely Presented Madison County School Department
Schedule of Contributions Based on Participation in the Teacher Legacy Pension Plan of TCRS ? Discretely Presented Madison County School Department
Schedule of Proportionate Share of the Net Pension Asset in the Teacher Retirement Plan of TCRS ? Discretely Presented Madison County School Department
Schedule of Proportionate Share of the Net Pension Asset in the Teacher Legacy Pension Plan of TCRS ? Discretely Presented Madison County School Department
Schedule of Changes in Total OPEB Liability and Related Ratios - Self-Insurance Plan - Primary Government
Schedule of Changes in Total OPEB Liability and Related Ratios - Local Education Plan - Discretely Presented Madison County School Department
Notes to the Required Supplementary Information COMBINING AND INDIVIDUAL FUND FINANCIAL
STATEMENTS AND SCHEDULES: Nonmajor Governmental Funds: Combining Balance Sheet Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Schedules of Revenues, Expenditures, and Changes in Fund Balances ? Actual (Budgetary Basis) and Budget: Juvenile Services Fund Solid Waste/Sanitation Fund Local Purpose Tax Fund Special Purpose Fund Drug Control Fund Other Special Revenue Fund Community Development/Industrial Park Fund Major Governmental Funds: Schedule of Revenues, Expenditures, and Changes in Fund Balance ? Actual (Budgetary Basis) and Budget: General Debt Service Fund General Capital Projects Fund Fiduciary Funds: Combining Statement of Fiduciary Assets and Liabilities Combining Statement of Changes in Assets and Liabilities ? All Agency Funds Component Unit: Discretely Presented Madison County School Department: Statement of Activities Balance Sheet ? Governmental Funds Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position
Exhibit Page(s)
F-3
115
F-4
116
F-5
117
F-6
118
F-7
119
F-8
120
121
122
123-124
G-1
125-128
G-2
129-132
G-3
133
G-4
134
G-5
135
G-6
136
G-7
137
G-8
138
G-9
139
140
H-1
141
H-2
142-143
144
I-1
145
I-2
146-147
148
J-1
149
J-2
150-151
J-3
152
4
Statement of Revenues, Expenditures, and Changes in Fund Balances ? Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Combining Balance Sheet - Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in
Fund Balances - Nonmajor Governmental Funds Schedules of Revenues, Expenditures, and Changes in Fund
Balances ? Actual (Budgetary Basis) and Budget: General Purpose School Fund School Federal Projects Fund Central Cafeteria Fund Education Capital Projects Fund
Fiduciary Fund: Statement of Fiduciary Net Position Statement of Changes in Fiduciary Net Position
Miscellaneous Schedules: Schedule of Changes in Long-term Notes and Bonds Schedule of Long-term Debt Requirements by Year Schedule of Transfers - Primary Government and Discretely Presented Madison County School Department Schedule of Salaries and Official Bonds of Principal Officials ? Primary Government and Discretely Presented Madison County School Department Schedule of Detailed Revenues ? All Governmental Fund Types Schedule of Detailed Revenues ? All Governmental Fund Types ? Discretely Presented Madison County School Department Schedule of Detailed Expenditures ? All Governmental Fund Types Schedule of Detailed Expenditures ? All Governmental Fund Types ? Discretely Presented Madison County School Department Schedule of Detailed Receipts, Disbursements, and Changes in Cash Balances ? City Agency Funds
SINGLE AUDIT SECTION
Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards
Auditor's Report on Compliance for Each Major Program; Report on Internal Control Over Compliance; and Report on the Schedule of Expenditures of Federal Awards Required by the Uniform Guidance
Schedule of Expenditures of Federal Awards and State Grants Summary Schedule of Prior-year Findings Schedule of Findings and Questioned Costs Management's Corrective Action Plan
Exhibit Page(s)
J-4
153-154
J-5
155
J-6
156
J-7
157
J-8 J-9 J-10 J-11
J-12 J-13
K-1 K-2
K-3
158-159 160-161
162 163
164 165 166 167 168
169
K-4
170
K-5
171-191
K-6
192-195
K-7
196-227
K-8
228-241
K-9
242
243
244-245
246-248 249-251
252 253-256 257-259
5
Summary of Audit Findings
Annual Financial Report Madison County, Tennessee For the Year Ended June 30, 2019
Scope We have audited the basic financial statements of Madison County as of and for the year ended June 30, 2019.
Results Our report on Madison County's financial statements is unmodified. Our audit resulted in three findings and recommendations, which we have reviewed with Madison County management. Detailed findings, recommendations, and management's responses are included in the Single Audit section of this report.
Findings The following are summaries of the audit findings: OFFICE OF FINANCE DIRECTOR The office had deficiencies related to time and attendance records. An investigation of the Jackson-Madison County Regional Health Department
disclosed deficiencies related to inventory.
OFFICE OF SHERIFF Time sheets did not always accurately reflect time worked.
6
INTRODUCTORY SECTION
7
Madison County Officials June 30, 2019
Officials
Jimmy Harris, County Mayor Bart Walls, Highway Engineer Dr. Eric Jones, Director of Schools John Newman, Trustee Frances Hunley, Assessor of Property Fred Birmingham, County Clerk Kathy Blount, Circuit and General Sessions Courts Clerk Bart Swift, Juvenile Court Clerk Pam Carter, Clerk and Master Anjanette Byers, Register of Deeds John Mehr, Sheriff Mike Nichols, Finance Director
Board of County Commissioners
Gary Deaton, Chairman Carl Alexander Jimmy Arnold Brett Beckham Katie Brantley Claudell Brown, Jr. Scott Brown Cyndi Bryant Jay Bush Jason Compton Aaron Ellison Tommy Gobbell Joey Hale
Arthur Johnson, Jr. Barbara Johnson William Martin Luther Mercer Adrian Montague James Pearson Harold Petty Billy Spain Terry Spearman Doug Stephenson Mike Taylor Jeff Wall
Board of Education
Financial Management Committee
Kevin Alexander, Chairman Wayne Arnold Doris Black Jim Campbell Janice Hampton James Johnson A. J. Massey Morris Merriweather Shannon Stewart
Arthur Johnson, Jr., Chairman Jimmy Harris, County Mayor Bart Walls, Highway Engineer Dr. Eric Jones, Director of Schools Gary Deaton Luther Mercer Billy Spain
(Continued)
8
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- madison county city of jackson tn
- jackson madison county regional health department 2019
- jackson tennessee hospital company llc
- madison county coordination plan madison county jackson tn
- madison county tennessee
- in the court of appeals of tennessee at jackson
- wednesday february 19 2020
- greater jackson major employers
Related searches
- jmcss madison county school system home page
- jackson madison county school system
- jmcss madison county school system h
- jackson madison county school system w
- jackson madison county schools
- jackson madison county school district
- jackson madison county school system job opportunity
- madison county tn school board
- jackson madison county schools employment
- madison county schools jackson tn
- jackson madison county school
- madison county schools jackson tennessee