A copy of the complete audit report,
including financial statements and
supplemental information, is on file~
at the Judge Executive and Treasurer's
office. This audit is available for public
inspection during normal bns'mess
hours.
Any c~izen may obtain from the
Judge Executive or Treasurer's office
a copy of the complete audit report,
including financial statements and
supplememal information, for his or
her personal use. Citizens requesting
a personal copy of the audit report
wiU be charged for duplication costs at
twenty-five cents per page.
Copies of the financial statement
prepared in accordance with KRS
424.220 are available to the public at
no cost at the business address of the
officer respomible or preparation of
the statement.
Adam H. Edalen
Auditor of Public Accounts
To the People of Kentucky
Honorable S~even L. Beshear,
Governor
Lori H. Fianery, Secretary
Finance and Administration Cabinef
Honorable James D. Trimble, Menifee
County Judge/Executive
Members of the Meoifee County
Fiscal Court
Independent Auditor's R epor~
We have audited the accompanying
financial statemems of the government
activities, each major fund, and the
aggregate remaining fund informa-
tion of Menifee County, Kenmck'y,
as of and for the year ended June 30,
2011, which collectivdy comprise the
County's basic financial statements, as
listed in the table of contents. These
financial statements are the respon-
sibility of the Menifee County Fiscal
Court. Our responsibility is to express
opinions on these financial statements
based on our audit.
We conducted our audit in accordance
with auditing standards gener-
ally accepted in the United States of
America, the standards applicable to
financial audits contained in Go~m-
- lm by
the Comptroller General of the United
States, and the Atlg~g~l~[~t.~i~
Co~ Au~ 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 statements are
flee of material misstatement. An au-
dit includes examinin~ on a test basts,
evidence supporting the amounts and
disdosures in the financial statements.
An audit also includes assess'rag the
accounting principles used and signifi-
cant estimates made by manageinent,
as well as evaluating the overall finan-
cial statement presentation. We believe
that our audit provides a reasonable
basis for our opinions.
As described in Note 1, Menifen
County, Kentuc~, prepares its
finandal statements on a prescribed
basis of accuunting that demonstrates
compliance with the modified cash
basis, which is a comprehensive basis
of accounting other than accounting
principles generally accepted in the
United States of America.
In our opinion, the financial state-
ments referred to above presem fairly,
in oll material respects, the respective
financial position of the governmental
activities, each major fund, and the
aggregate remaining fund information
of Menifee County, Kentucky, as of
June 30, 2011, and the t~pective
changes in fmandal position and cash
flows, where applicable, thereof for the
year then ended in conformity with
the basis of accounting described in
Note 1.
The county has implemented
Governmental Accounting Standards
Board Statement 54 as it relates to the
modified cash basis of accounting as
described in Note 1, which has altet~l
the format and content of the basic
financial statements.
To the People of Kentuclo/
Honorable Steven L. Beshear,
Governor
Loft H. Flaner~ Secretary
Finance and Administration C~'met
Honorable James D. Trimble, Menifee
County Judge/Executive
Members of the Menifee County
Fiscal Court
Our audit was conducted for the
purpose of forming opinions on the
financial statements that collectivdy
comprise Menifee County, Kentuck3,'s
basis financial statements. The .
combimng fund financial statements
and budgetary comparison informa-
tion are prasented for purposes of
additional analysis and are not a
required part of the basic financial
statements. Such information is the
responsibility of management and was
dei'ived statements. The combining
fund financial statements have been
subjected to the auditing procedures
applied in the audit of the basic finan-
cial statements and certain additional
procedures, including comparing
and reconciling such information
directly to the underlying accounting
and other records used to prepare the
financial statements or to the financial
statements themselves, and other addi-
tional procedures in accordance with
auditing standards generally accepted
in the United States of America. In
our opinion, the combining fund
financial statements are fairly stated in
all material respects in relation to the
basic financial statements as a whole.
The budgetary comparison informa-
tion have not been subjected to the
auditing procedures applied in the
audit of the basic financial statements
and, accordingly, we do not express an
opinion or provide any assurance on it.
In accordance with fa.Q.V ~IlmCZlI~-
we have also issued
our report dated October 29, 2012 on
our consideration of Menifee County, '
Kentucky's internal control over
financial reporting and on our tests
of its compliance with certain provi-
sions of laws, regulations, contracts,
and grants agreements and other
matters. The purpose of that report is
to describe the scope of our testing of
internal control over financial report-
ing and compliance and the results
of that testing, and not to provide an
opinion on the internal control over
financial reporting or on compliance.
That report ls an Integral part of an
audit performed in accordance with
Government Auditing Standards and
should be considered in assessing the
results of our audit.
Based on results of our audits, we pres-
ent the accompanying comments and
recommendations, induded herein,
which discuss the following report
comments:
2011-01 The County Transferred From
Restricted Funds In Excess Of Allow-
able Amounts
2011-02 The General Fund Had A
Deficit Balance At Year End
2011-03 The County Had Significant
Outstanding Invoices At Year End
That Were Not Properly Reported
2011-04 The County Did Not Follow
Proper Procedures For Expenditures
2011-05 The General Fund Owes "[he
Road Fund $3,500 For Reimburse-
ments Of OSHA Penalties
2011-06 The Prior Administration
Exceeded Spending Limits In Seven
Funds
2011-07 The County Did Not Pay
Insurance Premiums Timely
2011-08 The County Did Not Prepare
A Schedule Of Expenditures Of
Federal Awards
2011-09 The County Did Not Main-
tain Capital Asset Schedules In Accor-
dance With GASB 34 Requirements
2011-10 The County Did Not Pay Off
Notes Outstanding By Fiscal Year End
2011 - 11 The Former County Treasurer
Did Not Prepare, Publish Or Present
An Aunual Settlement
201 i - 12 The County Did Not Review
The Administration Code Annually
As Required
2011 - 13 The County Doe, s Not Have
Adequate Controls Over Expendi-
tures, Capital Assets, Debt, Inter-fond
Transfers, And Federal Grants
2011-14 The County Does Not Have
Proper Controls Over The Budgeting
Process
2011 - 15 The County Did Not Include
Three Funds On The Financial Staw
ment
2011-16 The County Did Not Main.
rain Proper Records For "lhe Public
Properties Corporation
To the People of Kemucky
Honorable Steven L. Beshear,
Governor
Lori H. Flanery, Secretary
Finance and Administration Cabinet
Honorable James D. Trimble, Menif~
County Iudgn/Executive
Members of the Menifee (.~,0unt)~
Fiscal Cout ' ~'
2011-17Payments ForInmateiHom :~
ing Were Not Properly Remitte~
2011-18 The County Did Not Main-
tain Adequate Documentation Related
To Debt
2011 - 19 The County Did Not Main-
tain Adequate Documentation For
Credit Card Purchases
2011-20 Trsnsfers Between Funds
Were Not Recorded ~operly
2011-21 The County Paid Late Fees
On Debt Payments
Respectfully Submitted,
Adam H. Edelen
Auditor of Public Accounts
MENIFEE COUNTY BUDGETARY COMPARISON INFORMATION
Other Information - Modified Cash Bash
ROAD FUND
REVENUES
Taxes
In Lieu Tax Payments
Excess Fees
Licenses and Permits
Intergovernmental Revenue
Miscellaneous
Interest
Total Revenues
For the Year Ended June 30, 2011
GENERAL FUND
Actual Variance
Amounts Final Budg,
Budaeted Amounts (Budgetary Positiye
Orieinal Final
$ 990,560$ 990,560
62,000 62,000
46,000 46,000
5,700 5,700
143,655 148,626
50,000 79,115
5OO 500
1,298,4151,332,501
Basis) (Ne~ative/
$ 942,985 $ (47,577)
15,447 (46,553)
28,452 (17,548)
2,308 ,~ (3,392)
16,6117 17,491
12,4753 45,618
228 (272)
1,280,268 (52,233)
EXPENDITURES
General Government
Protection to Persons and Property
General Health and Sanitation
Social Services
Recreation and Culture
Debt Service
Capital Projects
Administration
Total Expenditures
490,093 527,211 527,138 73
11,450 25,018 25,018
223,356 248,438 248,358 80
10,000 13,035 13,035
28,810 28,810
95,000 120,949 120,949
56,680 56,680
279,600 217,648 215,118 2,530
1,109,4991,237,789 1,235,1062,683
94,712 45,162 49,550
Excess (Deficiency) of Revenues Over Expenditures 188,916
Before Other Financing Sources (Uses)
REVENUES
In Lieu Tax Payments
Intergovernmental Revenue
Miscellaneous
Interest
Total Revenues
EXPENDITURES
General Health and Sanitation 15,000
Roads 1,070,057
Debt Service
Administration 236,830
Total Expenditures 1,321,887
Excess (Deficiency) of Revenues Over Expenditures 36,703
Before Other Pinancing Sources (Uses)
OTHER FINANCING SOURCES (USES)
Short Term Borrowed Money
Transfers from Other Funds
Transfers to Other Funds (36,703)
Total Other Financing Sources (Uses) (36,703)
Net Changes in Fund Balance
Fund Balance - Beginning
'" $0
Actual Variance with
Amounts Final Budget
Budgeted Amounts(Budgetary Positive
Original Final " Basis) fNe~ative)
$191,000 $191,000$193,072 $ 2,072
1,165,290 1,350,892 1,289,404(61,488)
600 662 i0,205 9,543
1,700 1,700 854 (846)
1,358,590 1,544,254 1,493,535(50,719
6,837 6,837
655,917 655,914
418 417
530,379 260,885
1,193,551 924,053
350,703 569,482
3
1
269A94
269,498
218,779
300,000
30,343
(7,34,297)
Fund Balance - Ending
300,000
30,343
(36,703)(771,000)
(36,703)(440,657)
314,000 128,825
(98,107)
$314,000 $30,718
(403,954)
(185,175)
(98,107)
$ (283,282)
OTHER FINANCING SOURCES (usEs)
Short Term Borrowed Money ~:, 60,000 60,000
. ~-Eund* a,~, .~7-,47-8 .-- i ~7~478 853,710 806,9.~-,-.-~,~
Transfers to Other Funds ~"~ ; :" TM (188,916)(188,916) (896, 28),(707,812) ~
Total Other Financing Sources (Uses) (151,458)(151,438) 6,982 158,420
Net Changes in Fund Balance 37,478 (56,726) 52,144 108,870
Fund Balance - Beginning (Restated) (55,276) (55,276)
i
Fund Balance - Ending 37,478 (56,726)(3,132) 53,594
Reconciliation of the Budgetary Comparison Schedule to Statement of Revenues, Expenditures, and Changes in
Fund Balances
GENERAL FUND
Revenues
$1,280,268
Jail Fund Revenues 59,508
Parks Fund Revenues 18,052
Wellness Fund Revenues 26,635
Building Commission Fund Revenues 48,938
Revenues per Statement of Revenues, Expenditures, $1,433,398
and Changes in Fund Balances
Expenditures $1,235,106
Due to Road Fund 3,500
Cost of Executing Borrowed Money 250
Jail Fund Expenditures 192,877
38,087
Parks Fund Expenditures
State Gram Fund Expenditures 20
Wellness Fund Expenditures 42,449
Building Commission Fund Expenditures 51,817
Expenditures per Statement of Revenues, Expendi: ' $1;564,106
tures, and Changes in Fund Balances
Other Financing Sources (Uses) $ 6,982
General Fund Short Term Borrowed Money Proceeds (60,000)
Current Year General Fund Restricted Transfer (420,377)
Payable
Jail Fund Transfers In 196,179
Parks Fund Transfers In 30,487
State Grants Fund Transfers In 20
Wellness Fund Transfers In 15,629
Building Commission Fund Transfers In 6,070
State Grant Fund Transfers Out (30)
Parks Fund Transfers Out (5,000)
Other Financing Sources (Uses) per Statement of ~$ (230,040)
Revenues, Expenditures, and Changes in Fund Bal-
ances
Fund Balance - Beginning (Restated) $ (55,276)
Prior Year General Fund Restricted Transfer Payable (28,434)
Jail Fund Balance (Restated) (61,859)
Parks Fund Balance (4,918)
State Grant Fund Balance . 30
Wellness Fund Balance 392
Building Commission Fund Balance (60)
Beginning Balance Per Statement of Revenues, Ex- $ (150,125)
penditures, and Changes in Fund Balances
Fund Balance - Ending $ (3,132)
General Fund Short Term Borrowed Money Payable (60,250)
General Fund Restricted Transfer Payable (448,81 ! )
Due to Road Fund (3,500)
Jail Fund Balance 951
Parks Fund Balance 534
Wellness Fund Balance 207
Building Commission Fund Balance 3,128
Ending Balance per Statement of Revenues, Expendi- $ (510,873)
tures, and Changes in Fund Balances
Reconciliation of the Budgetary Comparison Schedule to Statement of Revenues, Expenditures, and Changes in
Fund Balances
ROAD FUND
$ 924,053
~st of Executing Short Term Borrowed Mon~ 1,000
Due from General Fund" (3,500)
Expenditures per Statement of Revenues, Expendi- $921,553
tures, and Changes in Fund Balances
Other Financing Sources (Uses) $ (440,657)
Road Fund Short Term Borrowed Money Proceeds (300,000)
Current Year Imerfund Transfers Receivable 420,377
Other Financing Sources (Uses) per Statement of $ (320,280)
Revenues, Expenditures, and Changes in Fund Bal-
ances
Fund Balance - Beginning $ (98,107)
Prior Year Restricted Transfer Receivable 28,434
Fund Balance - Beginning per Statement of Revenues, $ (69,673)
Expenditures, and Changes in Fund Balances
Fund Balance - Ending $ 30,718
Road Fund Short Term Borrowed Money Payable (301,000)
Due from General Fund 3,500
Restricted Transfer Receivable 448,811
Fund Balance - Ending per Statement of Revenues, 182,029
Expenditures, and Changes in Fund Balances
AMBULANCE FUND
REVENUES Ori~nal
Intergovernmental Revenue,$10,045 $10,045
Charges for Services 704,700 704,700
Miscellaneous 1,400 15~343
Interest
Total Revenues 716,1:t5 730,087
Actual Variance with
Amounts Final Budget
Budgeted Amounts (Budgetary Positive
Final Bash) (~/~ative)
$11,009 $ 964
489,334 (215,366)
13,942 (1,400)
47 47
514,332 (215,755)
EXPENDITURES
498,125
Protection to Persons and Property
Debt Service
Administration 191,909
Total Expenditures 690,034
Excess (Deficiency) of Revenues Over Expenditures 26,111
Before Other Financing Sources (Uses)
OTHER FINANCING SOURCES (USES)
Transfers from Other Funds 78,589
Total Other Financing Sources (Uses) 78,589
Net Changes in Fund Balances 104,700
Fund Balances - Beginning (Restated)
Fund Balances - Ending $104,700
685,265 626,208 59,057
59,005 (59,005)
208,711 208,698 13
893,976 893,911 65
(163,889) (379,579) (215,690)
78,589 406,500 327,911
78,589 406,500 327,911
(85,300) 26,921 112221
$ (85,300) $ 5,118 $ 90,418
Reconciliation of the Budgetary Comparison Schedule to Statement of Revenues, Expenditures, and Changes in
Fund Balances
Expenditures $ 893,911
Capital Ouday - Ambulance Proceeds 90,000
Expenditures per Statement of Revenues, Expendi- $ 983,911
tures, and Changes in.Fund Balances
Other Financing Sources (Uses) $406,500
Financing Obligation Proceeds - Ambulance 90,000
Other Financing Sources (Uses) per Statement of $496,500
Revenues, Expenditures, and Changes in Fund Bal-
ances
Published in the Menifee County News-Outlook 04.18.13.
