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Page 4 is the overview of the financial statements. The county used cash basis it covered the <br /> cash balance the general fund expenditure and transfers <br /> Page 5 shows the federal program expenditures and major capital projects of the county. <br /> Page 7 show the statement of activities and how it compares to the prior year and noted the <br /> change in the bond payments <br /> Page 11 shows the position of the county as a whole and then following it is broken down by the <br /> various funds <br /> Page 16 is the statement of fiduciary funds and how the taxes are collected for other entities. <br /> The county acts as a pass through and does not have the right to the other tax dollars. <br /> Page 17 is the summary of accounting policies and is the same as prior years. <br /> Page 24 show the certificate of deposits and she noted some adjustments there employees <br /> retirement system that is a cash balance benefit plan and also noted the deferred compensation <br /> plan that is available to county employees and elected officials <br /> Page 27 and 28 notes Stuhr Museum that is supported by taxes and also Convention Visitors <br /> Bureau receives lodging tax dollars their financial statements are received by Hall County <br /> Page 33 show the budget and the receipts and actual disbursements if disbursement exceed <br /> the budget it would be a major violation <br /> Pages 40 to 45 show the schedule of expenditures of federal awards and the federal <br /> expenditure were up so there was a single audit <br /> Page 44 noted the issue of segregation of duties but there is not enough staff to cover. There <br /> have been some concern regarding the register of deeds but they have addressed this and now <br /> have better documentation. <br /> Lutz provides substantial assistance to prepare the financials and that support has to be <br /> disclosed. <br /> Page 56 noted 3 findings 2018 -001 the board recognizes that we are unable to provide <br /> necessary resources to fully segregate duties <br /> 2018-002 there are established procedures related to cash management <br /> 2018-003 and it is not cost beneficial for the county to have individuals with the skills and <br /> knowledge to compile its own financial statements. <br /> Lancaster stated the audit ad hoc met with Kayla and covered the some questions and they <br /> were addressed today. <br /> Quandt made a motion and Bredthauer seconded to receive and place the 2017 2018 Hall <br /> County Audit on file. Bredthauer, Hartman, Hurst, Lancaster, Quandt Peterson and Richardson <br /> all voted yes and none voted no. Motion carried. <br /> 4 <br />