Basic Financial Statements - Jacksongov.org

More documents

Recommendations

Info

JACKSON COUNTY, MISSOURI Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities Year ended December 3 1,2006 Net change in fund balance -total governmental funds Governmental funds report capital outlays as expenditures. However, in the statement of activities, the cost of these assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period: Capital outlay for assets capitalized $ 8,925,143 Depreciation expense (8,186,S 18) Transfer of capital assets to Truman Medical Center (2 1,569,798) Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the fund financial statements The issuance of long-term debt (e.g., bonds) provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net assets. This amount is the net effect of these differences in the treatment of long-term debt and related items: Issuance of bonds Premium on debt Payment to bond escrow agent Debt repayment Net increase in compensated absences Net increase in net pension obligation Interest is expensed when accrued, whereas in the funds it is expensed when paid Amortization of bond issue costs, net The internal service funds are used by the County to charge the costs of office services and workers' compensation to the individual funds. The net gain of the internal service funds is reported in the statement of activities Changes in net assets of governmental activities See accoinpanying notes to financial statements.
JACKSON COUNTY, MlSSOURI Statement of Net Assets Proprietary Funds Deceln ber 31,2006 Assets Current assets: Cash Investments Receivables (net of allowance for uncollectibles) Other assets Inventory Total current assets Noncurrent assets: Capital assets (net of accumulated depreciation) Total assets Liabilities Current liabilities: Accounts payable and other current liabilities Deferred revenue Total current liabilities Noncurrent liabilities: Accumulated compensated absences Claims and judgments Total liabilities Net Assets Invested in capital assets Unrestricted Total net assets Business-type activities- Park Enterprise Fund Governmental activities- Internal Service Funds See acco~npanying notes to financial statements.
Page 1 and 2: JACKSON COUNTY, NIISSOURI Statement
Page 3 and 4: JACKSON COLYTY, MISSOLXI Balance Sh
Page 5: JACKSON COCiTY, MISSOURI Statement
Page 9 and 10: JACKSON COUNTY, MISSOURI Statement
Page 11 and 12: JACKSON COUNTY, MISSOURI Statement
Page 13 and 14: JACKSON COUNTY, MISSOUFU Notes to F
Page 15 and 16: JACKSON COUNTY, MISSOURI Notes to F
Page 17 and 18: JACKSON COUNTY, MlSSOURI Notes to F
Page 21 and 22: JACKSON COUNTY, MISSOUKL Notes to F
Page 27 and 28: JACKSON COTJNTY, MISSOIJRI Notes to
Page 29 and 30: JACKSON COUNTY, MISSOZTRI Notes to
Page 31 and 32: JACKSON COUNTY, MISSOUFU Notes to F
Page 35 and 36: JACKSON COUNTY, MISSOURI ]Votes to
Page 41 and 42: JACKSON COUNTY, MISSOURI Required S
Page 51 and 52: JACKSON COUNTY, MISSOUFU Notes to B
Page 55 and 56: JACKSON COUNTY, MISSOURI Combining

Basic Financial Statements - Jacksongov.org

Create successful ePaper yourself

Delete template?

Save as template?