Josephine County, Oregon Audit Results COMMUNICATION WITH THOSE - - PowerPoint PPT Presentation
Josephine County, Oregon Audit Results COMMUNICATION WITH THOSE CHARGED WITH GOVERNANCE January 30, 2019 Agenda Better Together: Moss Adams & Josephine County, Oregon 1.Engagement Team 2.Nature of Services Provided 3.Auditor
COMMUNICATION WITH THOSE CHARGED WITH GOVERNANCE
January 30, 2019
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1.Engagement Team 2.Nature of Services Provided 3.Auditor Opinions/Reports 4.Internal control related matters 5.Communications to Those Charged with Governance 6.County Statistics 7.New Standards
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Amanda McCleary-Moore, CPA, Partner
AMANDA.MCCLEARY-MOORE@MOSSADAMS.COM
(541) 732-3865 Kim Reno, CPA, Manager
KIM.RENO@MOSSADAMS.COM
(541) 732-3823 Cayleigh Lee, Senior, In-Charge
CAYLEIGH.LEE@MOSSADAMS.COM
(541) 732-3831
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Audit the County financial statements in accordance with GAAS and GAGAS
Assistance with, and technical review of each respective CAFR for compliance with GAAP as well as GFOA Certificate of Excellence requirements
Compliance testing/reporting under Oregon Minimum Audit Standards
Single Audit of federal grant programs under Uniform Guidance
Reporting - Overall audit plan, audit results, communicating internal controls findings and noncompliance
Agreed upon procedures – landfill Exam – jail levy
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Financial Statements
Unmodified (clean) opinion
statement
Oregon Minimum Standards
No reportable findings
Government Auditing Standards Report
No reportable findings
Uniform guidance
County was found in compliance
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Levy Exam
Unmodified (clean) opinion
managements assertions which included the County did not
185 jail bed capacity
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Interfund balances
implementation of GASB 75
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IN MILLIONS
$30 $11 $5 $47 $28 $8 $6 $42 $30 $14 $6 $49 $41 $14 $13 $68 $- $10 $20 $30 $40 $50 $60 $70 $80 Grants and Contributions Charges for Services Property Tax Revenue Total Revenue 2015 2016 2017 2018
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IN MILLIONS
$4 $13 $6 $10 $6 $1 $6 $20 $9 $13 $7 $1 $5 $18 $8 $12 $7 $1 $5 $21 $9 $14 $7 $1 $- $5 $10 $15 $20 $25 General Government Public Safety Public Works HHS Other Total Busines Type 2015 2016 2017 2018
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IN MILLIONS
$(20.0) $(10.0) $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 2014 2015 2016 2017 2018 $67.7 $66.1 $58.5 $57.4 $68.2 $55.2 $54.6 $54.5 $57.7 $62.0 $11.2 $8.9 $8.4 $10.5 $11.4 $1.3 $2.6 $(4.4) $(10.8) $(5.2) Total Net investment in capital assets Restricted Unrestricted
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IN MILLIONS
$- $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 2015 2016 2017 2018 $7.8 $7.9 $9.4 $13.2 $4.3 $4.7 $4.9 $5.4 $3.9 $3.4 $4.7 $8.5 Revenues Expenses Fund Balance
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IN MILLIONS
$- $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 $7.0 June 2015 June 2016 June 2017 June 2018 $3.1 $3.6 $6.5 $6.1
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IN MILLIONS
$- $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 June 2015 June 2016 June 2017 June 2018 $1.3 $1.4 $1.5 $1.2 $11.8 $10.5 $10.5 $7.7 Bonds and loans due in one year Bonds and loans due in more than one year
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0% 10% 20% 30% 40% 50% 60% 70% 80% 90% June 2015 June 2016 June 2017 June 2018 43% 40% 57% 89%
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*Counties included: Jackson, Klamath, Curry, Douglas
$- $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 Josephine County '18 4 County Average '18 $0.59 $1.36
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GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions – effective for June 30, 2018 fiscal year GASB Statement No. 83, Certain Asset Retirement Obligations – effective for June 30, 2019 fiscal year GASB Statement No. 84, Fiduciary Activities – effective for June 30, 2020 fiscal year GASB Statement No 85, Omnibus 2017 – effective for June 30, 2018 fiscal year GASB Statement No. 86, Certain Debt Extinguishment Issues – effective for June 30, 2018 fiscal year GASB Statement No. 87, Leases – effective for June 30, 2021 fiscal year
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