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He reviewed the independent auditors report and the letter and management's discussion and <br /> analysis. The county uses the cash basis accounting that provides an overview the County's <br /> financial status. <br /> Page 5 addresses the income and expense financial highlights and also included the payments <br /> for the jail bonds. There were escrow dollars set aside for this and they were paid out for the <br /> 2012 and 2015 bonds. <br /> The general funds expenses increased and that was due to the salary increases. <br /> The Federal program expenditures were $705,080.00 and that dropped below the $750,000.00 <br /> figure that would require a filing with the federal audit clearing house. <br /> He also noted the change with the handi bus program that shifted from the county to the city. <br /> The handi bus has a different responsible party. The county does still have the child support <br /> funding. <br /> Page 10 addressed the redemption and refinancing of the jail bonds. He also noted that the <br /> state inmate funding may be going away. <br /> Page 11 He reviewed the restricted funds and the unrestricted funds. <br /> He reviewed the general receipts and the disbursements <br /> Page 14 he noted there were no changes in the funds and the other financing sources were the <br /> refunding of the bonds. <br /> Page 24 addressed the county retirement system and noted that NPERS is sitting well and the <br /> county has 100% of the funds to meet future provisions <br /> Page 29 addressed the maturity schedule of the 2015 series of bonds and the maturity schedule <br /> of the 2012 series of bonds. And the series of bonds for the next 5 year and the summary of <br /> 2012 over the last 6 years <br /> He addressed the internal control issue and the segregation of duties. Some of the <br /> departments do not have enough staff to address this issue. <br /> He noted that they gave the audit committee comments and there were responses to them. <br /> He reviewed the schedule of findings and responses. There was one finding on the change <br /> orders process and that process has been adjusted and it will be handled differently in the <br /> future. <br /> Arnold noted that there will be a new board assistant and ask if they needed supplemental <br /> professional services if they could assist and if there would be a risk to have them do the audit. <br /> Mr. Erb stated that they do not make any budget decisions and are hired as a consultant. They <br /> cannot audit anything that they prepare. <br /> 6. DISCUSSION & POSSIBLE ACTION CONCERNING ENGAGEMENT LETTER FROM LUTZ <br /> & COMPANY FOR CORRECTIONS WORK—Correction Director Todd Bahensky stated that <br /> Keefe the commissary provider has been some changes and there was a merger. They <br /> informed Todd that there was an error regarding a double deposit of$12,000.00 to the county. <br /> 4 <br />