18- March 20, 2014
Your Hometown Newspaper
News Outlook
Independent Auditor's Report
Report on Financial Statement
We have audited the accompanying Statement of Receipts, Disbursements, and Changes in Cash and Cash Equivalents Balances -
Regulatory Basis of Menifee County, Kentucky, for the year ended June 30, 2013, and the related notes to the financial statement.
Managements ~albility for the Financial Statement
Management is responsible for the preparation and fair presentation of this financial statement in accordance with accounting
practices prescribed or permitted by the Department for Local Government to demonstrate compliance withthe Commonwealth
of Kentucky's regulatory basis of accounting and budget laws. Managemem is also responsible for the design, implementation,
and~mainfenance of internal control relevant to the preparation and fair presentation of a financial statement that is free from
material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on this financial statement based on our audit. We conducted our audit in accordance
with auditing standards generally accepted in the United States of America, the standards applicable to financial audits contained
in Government Auditing Standards, issued by the Comptroller General of the United States and the Audit Guide fi)r Fiscal Court
Audits issued by the Auditor of Public Accounts, Commonwealth of Kentucky. Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statement is free from material misstatement.
An audit invoh, es performing procedures to obtain audit evidence about the amounts and disclosures in the financial statement.
The procedures selected depend on the auditors' judgement, including the assessment of the risks of material misstatement of
L ......
the financial statement, whether due to fraud or error. In making those risk assessments, the auditors consider internal control
relevant to the entity's preparation and fair presentation of the financial statement in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal
control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies
used and the reasonableness of signiticant accounting estimates made by management, as well as evaluating the overall presenta-
tion of the financial statement.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles
As described more fully in Note 1, the financial statement is prepared by Menifee County, Kentucky on the basis oftbe acco}mt-
ing practices prescribed or permitted by the Department of Local Government to demonstrate compliance with the Com-
monwealth of Kentucky regulatory basis of accounting and budget laws, which is a basisof accounting other than accounting
principles geuerally accepted in the United States of America.
The effects on the financial statement of the variences between the regulatory basis of accounting described in Note I and ac-
counting principles generally accepted in the United States of America, although not reasonably determinable, are presumed tO
be material.
Adverse Opinion on U.S. Generally Accepted Accounting Principles
In our opinion, because of the significance of the matter discussed in the Basis for Adverse Opinion on the U.S. Generally
Accepted Accounting Principles paragraph, the financial statement referred to above does not present fairly, in accordance with
accounting principles generally accepted in the United States of America, the financial position or cash flows therof for the year
then ended.
Opinion on Regulatory Basis of Accounting
In our opinion, the financial statement referred to above presents fairly, in all material respects, the cash and cash equivalents of
Manifee County, Kentucky as of June 30, 2013. and its cash receipts and disbursements, for the year then ended, in accordance
with the financial reporting provisions prescribed or permitted by the Department for Local Government described in Note 1.
Emphasis of Matters
As dicussed in Note 1 to the financial statement, in fiscal year 2013, the Menifee County
guidance on a regulatory basis. Our opinion is not modified with respect to this matter.
Fiscal Court adopted new accounting
Other Matters
Our audit was conducted for the purpose of forming an opinion on the financial statement taken as a whole of Menifee County,
Kentucky. The budgetary comparison schedules and capital asset schedule are presented for purposes of additional analysis
and are not a required part of the financial statement. Such information is the responsibility of management and was derived
from and relates directly to the underlying accounting and other records used to prepare the financial statement. The budgetary
comparison schedules have been subjected to the auditing procedures applied in the audit of the financial statement and certain
additional procedures, including comparing and reconciling such information directly.to the underlying accounting and other
records used to prepare the financial statement or to the financial statement itself, and other additional procedures in accordance
with auditing standards generally accepted in the United States of America. In our opinion, the budegetary comparison sched-
ules are fairly stated in all material respects in relation to the basic financial statement. The capital asset schedule has not been
"subjected to the auditing procedures applied in the audit of the basic financial statement and, accordi~.y, we do not express an
opinion or provide any assurance on it.
Other Reporting Required by Government Auditing Standards
In accordance with Goverenment Auditing Standards, we have also issued our report dated |anuary 8, 2014 on our consideration
of Manifee County, Kentucky's internal Control over financial reporting and on our tests of its compliance with certain provisions
of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of
our testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an
integral part of an audit performed in accordance with Government AuditingStandards and should be considered in assessing
the results of our audit.
Based on the results of our audit, we present the accompan~nng comments and recommendations included herein, which dis-
cusses the following report comments:
2013-1 The Fiscal Court Lacks Adequate Internal Control Over Occupational Taxes
The Menifee County Fiscal Court Lacks Adequate Internal Controls Over Revenues
2013-3 All Payments Made From The County Treasury Shall Be Co-Sigued By "lhe County Treasurer And Judge Executive
2013-4 The Fiscal Court Lacks Adequate Controls Over Payroll
2013-5 The County. Does Not Have Proper Controls Over The Budgeting Process
2013-6 The Treasurer Should Prepare An Accurate Liabilities Schedule
Morgan-Franklin, LLC
West Liberty, KentuckT
January 8. 2014
Meaifee County
Budgetary Comparison Schedules
Supplementary Information - Regulatrory Basis
For the Year Ended June 30, 2013
General Fmad
Budgeted Amounts
Actual
Amounts,
(Budgetary
Original Final Basis)
Receipts
Taxes $1,016,500 $1,119,705 $1,076,743
in Lieu Tax Payments $15.000 $34.619 $34,619
Excess Fees $15.000 $31,831 $31,831
Intergovernmental Revenue $85,645 $92,167 $117,592
Miscellaneous $24.000 $13 l,202 $105,687
-Interest $300 $~00 5230
Total Revenues $1,156,445 $1,409,824 $1.366,702
VarianCe with
Final Budget
Positive
(Negativel
$(42,962)
$0
$0
$25,425
$(25,515)
${701
$(43,122)
Disbursements
General Government $380,044
Protection to Persons and Property $11,250
General Health and Sanitation $241,712
Social Services $9,000
Debt Service 55%525
Administration $314.814
Total Expenditures 51,014,345
$470,918 $424,764
$13,462$117,577
$327,982 "5305,764
$9,000 $7,938
$57,525$104,160
$425.506 $399.562
$1~04.393 $1.359.765
$46,154
$(!04,115)
$22,218
$1,062
$(46,635)
$25.944
$(55.3721
Excess (Deficiency) of Receipts Over
Disbursements Before Other
Adjustments to Cash (Uses)
Other Adjustments to Cash (Uses)
Debt Proceeds
Transfers From Other Funds
Transfers to Other Funds
Total Other Adjustments to Cash
(Uses)
5142,100
$180,O00
$(322,100)
$(142,100)
$105,431$6.937
$105,200
$180,0O0 $237289
$(281,332l $(311,500l
• $(101,332) $30,989
$(98A94)
$105,200
$57,289
$(30.168)
$132,321
Net Change in Cash and Cash
Equivalents
Cash and Cash Equivalents Balances-
Beginning (Restated)
$4,099
$37,926
$96A63
$33.827
$96,463
Cash and Cash Equivalents Balances-
Ending $0
$4,099 5134,389
$130,290
General Fund
Budgeted Amounts
Original Final
Receipts
In Lieu Tax Payments $150,000
Intergovernmental Reverlue $1,206,000
Charges for Services
Miscellaneous $2,500
Interest $800
Total Revenues $1,359,300
Actual
Amounts,
(Budgetary
Basis)
$150,000 $155,980
$1,698,892 $1,492,835
$8,300 $8,3O0
$2,500 $225
$800 5643
$1~60,492 $1~57,983
Vadancewith
Final Budget
Positive
(Negative1
$5,980
${206,057)
$0
$(2,275)
$(157)
${202,509)
Disbursements
General Government $100.000
General Health and Sanitation $14,000
$596.800
Debt Service $16.775
Administration $451,7~5
Total Expenditures $1,17~,300
Excess (Deficiency) of Receipts Over
Disbursements Before Other
Adjustments to Cash rUses)
$180,000
$IO0,0O0$100,O00
$14,000 $8,106
$940,025 5974,193
$16,775 $16,775
$568.924 $208.154
$L639.724 $1,307`228
$220,768 $350,755
$0
$5,894
$(34,168)
$0
$360.770
$332.496
$129,987
Other Adjustments to Cash (Uses)
Debt Proceeds
Transfers From Other Funds
Transfers to Other Funds $f 180.0O01
Total Other Adjustments to Cash
(Uses) $(180,000)
$~220,768l
$(220,768)
$76,520
$52,257
$f239.4041
$(110,627)
576.520
$52,257
$(18.636)
$110,141
Net Change in Cash and Cash
Equivalents
Cash and Cash EquivalentsBalanCes-
Beginnin8 (Restated)
$240,128
$345,753
$240.128
$345.753
Cash andCash Equivalents Balances-
Ending $0
$0 $585.881
$585,881
Published in the Menifee County News-Outlook 03.20.14
Photo by Melissa Vincent
gra il
Front row, from left: Cameron Vincent, Hunter Vance, Justin Carpen-
ter, and Chase Hart
Back tow: Stone Barrett, Tyler Brown, and David Chandler
The Bath County
~-~- ~
N
Autism Awareness Committee
would like to invite you to our
First Annual Walk for Autism
Thursday, April 17th at 6:00
"Ihe walk will begin at the Bath Count)- Middde School parking lot and will go to the Bath County
Courthouse and end back at the middle school. "(here will be a balloon release at the conclusion of the walk.
After the walk (in the middle school gym)
Snacks: Popcorn and Sno-Cones
For Parents: Numerous informational booths including occupational
therapist, speech therapist, physical therapist, community resourses
and parent/family resource.
For Children: Activity Centers
~Wiarealsosellingshirtsthatwillbewornalthewalk. lf),ouareintere, stedin ~ I
purchasing a t-shirt you can place }'our order by calling 606-336-0543 by April 3'a. ~. I
you can join us to help show your support for these
~ • -. . . • . ., > ..... ~;:~. , ~,:~% ....
for Bath County PVA
One of my goals as Bath County PVA is to
provide you with excellent customer service.
My staff and I believe in providing
courteous, quick and professional customer
service to each taxpayer while keeping a
welcoming, friendly atmosphere. 'Ihe ladies
in the office have served Bath County for many
and they are experienced, knowledgeable
and fair.
.am Jack)" Smith Watson, current Bath County
PVA. I live in Bethel, with my husband,
Wayne and son, Aaron. I was appointed Bath
CountT PVA in November 2013 to finish the
term of Kathy Tapp who retired in May 20t3.
I have completed several training courses pro-
vided through the State Valuation Department for PVA's since being appointed.
I have 29 years of experience in banking where I became familiar with many of
the duties of the PVA .....
Sharon Tussey was hired by Paul Goodpaster in October 2004 and has over 20
years experience m the PVA office beginning in Floyd County where she was
a Senior Mapping Specialist for 15 years. Sharon became Chief Deputy under
Kathy Tapp and had worked in the Montgomery County PVA office before
moving to Bath County She and her husband, Bill, live in the Olympia area.
Sharon handles the fimekeeping and bookkeeping duties of the office and special
projects such as the sketching plan where she is entering sketches of all buildings
into the software... She has earned her SKA pnd CKA designations.
Rosemary Thomas became a deputy in December 2007 tinder Kathy Tapp.
Rosemary lives in Sharpsburg and she has two sons. Rosie specializes in the
ARC map program nd keeps the map maintenance up to date. She also
specializes in the MOTAX or motor vehicle program. Rosie is working on her
CKA designation. She has completed several GIS training classes to assist her
with mapping,
Linda Copher became a deputy in January 2008 also under Kathy Tapp. Linda
and her husband, Doug, live on old 60 betweenPeasticks and Hart Pike. Linda
spec'ialkzes in deed transfers, sales and purchases, Master Commissioner Sales
and maintains the Homestead Exemptions. Linda has completed several GIS
training courses and helps with mapping.
Sharon, Rosemary and Linda join me in
asking for your vote in the May :
Democratic Primary on May 20, 2014.:
Your vote will be greatly appreciated
Thank you - lacky Smith Watson
The PVA o ice is open the first
Saturday of every month!
Paid for by candidate
a
