2012 Audit Report

Taney County, Missouri
December 31, 2012
Financial Statements

Prepared by:
Lisa C. Wright, CPA, LLC
Certified Public Accountant
Columbia, MO
 TABLE OF CONTENTS

INDEPENDENT AUDITOR’S REPORT.,.......... ................. ............................ .......... 1-3

MANAGEMENT’S DISCUSSION AND ANALYSIS................................ ....... ........... 4-8

BASIC FINANCIAL STATEMENTS
Statement of Net Position - Modified Cash Basis................................................................ 9
Statement of Net Position - Taney County Regional Sewer District.................................. 10
Statement of Activities - Taney County Regional Sewer District................................... . 11
Statement of Activities - Modified Cash Basis............................... .............. ................... 12
Statement of Assets and Fund Balances - Governmental Funds - Modified Cash Basis.,. 13
Statement o f Revenues, Expenses, and Changes in Fund Balances - Governmental
Funds - Modified Cash Basis....................................................................................... . 14
Statement of Net Position - Proprietary Funds- Modified Cash Basis........ .......... ........ 15
Statement of Revenues, Expenses, and Changes in Fund Balances - Proprietary' Funds -
Modified Cash Basis.............................................................................................. 16
Statement o f Cash Flows - Proprietary Funds - Modified Cash Basis....................... . 17
Statement o f Assets and Liabilities - Agency Funds - Modified Cash B asis........ 18-19
Notes to Basic Financial Statements...................................................................................... 20-3 5

REQUIRED SUPPLEMENTARY INFORMATION
Statement o f Revenues Collected, Expenditures Paid, and Changes fn Fund Balance -
Budget To Actual................................................................................................................... 36
Statement of Revenues Collected, Expenses Paid, and Changes In Fund Balance -
Budget To Actual....................................................... . , ......................................................... 37

OTHER FINANCIAL INFORMATION
Combining Statement of Assets and Fund Balances - Non-major Special Revenue Funds
- Modified Cash Basis................................................... ....... ............................ .......... ....... 38-41
Combining Statement o f Revenues, Expenses, and Changes in Fund Balance - Non
Major Special Revenue Funds - Modified Cash Basis........... ....... .............. ................... 42-44
Required Communications and Management Letter........................... .................. ....... . 45-49
 Lisa C. Wright c p a , llc
Certified Public Accountant & Consultant

>860 E Osage Ridge Ln.
la m b d a , MO 65201 INDEPENDENT AUDITOR'S REPORT
. (573) 474—1963
. aSdfwrightCpa.vom
Taney County Commission
Member of the Taney County
American Society of
Certified Public Forsyth, Missouri
Accountants

I have audited the accompanying financial statements of the governmental activities, the
Member of the Missouri
society of Certified
business type activities, each major fund, and the aggregate remaining fund information of
3ublic Accountants Taney County, Missouri (The County) as of December 31, 2012 and for the year then ended,
and the related notes to the financial statements, which collectively comprise the basic financial
statements of the County's primary government as listed in the table of contents.

Managemen t Ts Responsibility for th e Finan cial Statements

Management is responsible for the preparation and presentation of these financial statements in
in accordance with the modified cash basis accounting principles as described in Note 1 o f these
financial statements; this includes the design, implementation, and maintenance of internal
control relevant to the preparation and presentation of financial statements that are free from
material misstatement, whether due to fraud or error.

A iiditor fs Responsibility

My responsibility is to express an opinion on these statements based upon the findings of my
audit. My report contains reference to other auditors who audited the financial statements of
Taney County Regional Sewer District, the County’s component unit, as described in my report
on Taney County financial statements. This report does not include the results of the other
auditor’s testing of internal control over financial reporting or compliance and other matters that
are reported on separately by those auditors.

I conducted my audit in accordance with the auditing standards generally accepted in the United
States of America and the standards applicable to financial audits contained in Government
Auditing Standards issued by the Comptroller General of the Unites States. These standards
require that I plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatements.

An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. Procedures selected depend on the auditor's judgment,
including the assessment of the risks of material misstatement of the financial statements,
whether due to fraud or error. In making those risk assessments, the auditor considers internal
control relevant to the entity's preparation and presentation of the financial statements in order
to design audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of internal control. Accordingly, I express no such
opinion. An audit also includes evaluating the appropriateness of accounting policies used and
the reasonableness of significant accounting estimates made by management, a well as
evaluating the overall presentation of the financial statements.

The CPA. Never Underestimate Tfie Value.
As described in Note 1, the basic financial statements of the Primary Government of Taney County were
prepared on the modified cash basis, which is a comprehensive basis of accounting other than accounting
principles generally accepted in the United States of America

I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my
opinion.

Opinion
In my opinion, based on my audit and the report o f other auditors, the basic financial statements referred to
above present fairly, in all material respects, the financial position of the government activities and
business-type activities of the Primary Government of Taney County, each major fund, and the aggregate
remaining fund information of Taney County, Missouri as of December 31,2012 and the respective
changes in the financial position and cash flows, where applicable, thereof for the year then ended, in
conformity with the basis of accounting described in Note 1.

Compliance and Other Matters
As part of obtaining reasonable assurance about whether Taney County’s financial statements are free from
material misstatement, I performed tests of its compliance with certain provisions of laws, regulations,
contracts, and grant agreements, noncompliance with which could have a direct and material effect on the
determination o f financial statement amounts. However, providing an opinion on compliance with those
provisions was not an objective of my audit, and accordingly, I express no such opinion. The results of my
tests disclosed no instances of noncompliance or other matters that are required to be reported under
Government Auditing Standards.

Internal Control Deficiencies
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent, detect,
or correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of
deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the
entity’s financial statements will not be prevented* or detected and corrected, on a timely basis. A
significant deficiency is a deficiency, or combination of deficiencies, in internal control that is less severe
than a material weakness, yet important enough to merit attention by those charged with governance. My
consideration of internal control was for the limited purpose described in the first paragraph o f this section
and was not designed to identify all deficiencies in internal control that might be a material weakness or
significant deficiencies. Given these limitations, during my audit I did not identify any deficiencies in
internal control that I consider to be material weaknesses. However, due to the inherent limitations of an
audit, material weaknesses may exist that have not been identified, even though my audit was properly
planned and performed.

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's
discussion and analysis and budgetary comparison information on pages 4-8 and 36-37 be presented to
supplement the basic financial statements. Such information, although not part of the basic financial
statements, is required by the governmental Accounting Standard Board, who considers it to be an essential
part of financial reporting for placing the basic financial statements in an appropriate operational,
economic, and historical context. I have applied certain limited procedures to the required supplemental
information in accordance with auditing standards generally accepted in the United States of America,
which consisted of inquiries of management’s methods of preparing information and comparing the
information for consistency with management's responses to my inquiries, the basic financial statements,
and other knowledge I obtained during my audit o f the basic financial statements. I do not express an
opinion or provide any assurance on the information because the limited procedures do not provide me with
sufficient evidence to express such an opinion or provide any assurance.

Other Information

My audit was conducted for the purpose of forming an opinion on the financial statements that collectively
comprise Taney County, Missouri’s basic financial statements. The introductory section, combining major
and individual non-major funds financial statements, and statistical section are presented for purposes o f
additional analysis and are not part of the basic financial statements.

The combined and individual non-major funds financial statements are the responsibility of management,
and were derived for and relate directly to the underlying accounting and other records used to prepare the
basic financial statements. Such information has been subjected to the auditing procedures applied in the
audit of the basic financial statements and certain additional procedures, including comparing and
reconciling such information directly to the underlying accounting and other records used to prepare the
basic financial statements, or to the basic financiai statements themselves, and other additional procedures
in accordance with auditing standards described in Note 1. In my opinion, the combined and individual and
non-major fund financial statements are fairly stated, in all material respects, in relation to the basic
financial statements as a whole.

As discussed in Note A o f the separately issued financiai statements, Taney County Sewer District adopted
the provisions o f GASB Statement No. 63 - Financial Reporting o f Deferred Outflows o f Resources,
Deferred Inflows o f Resources, and Net Position and GASB Statement No 65 - Items Previously Reported
as Assets and Liabilities during the year ended December 31,2012. Taney County also adopted these same
GASB Statements for the year ended December 31, 2012.

Purpose of this Report
The purpose o f this report is solely to describe the scope of my testing in internal control and compliance
and the result of that testing, and not to provide an opinion on the effectiveness of the County’s internal
control or compliance. This report is an integral part of an audit performed in accordance with Government
Auditing Standards in considering the County’s internal control and compliance. Accordingly, this
communication is not suitable for any other purpose.

Lisa C. Wright, CPA
October 24, 2013

H i
The CPA. Nevar U nderestim ate The V alu e.
 Management Discussion and Analysis
Taney County, Missouri
December 31,2012

This discussion and analysis of Taney County's financial performance provides an overview of the
County's financial activities for the year ended December 31, 2012, within the limitations of the County's
modified cash basis of accounting. Please read it in conjunction with the County's financial statements.

FINANCIAL HIGHLIGHTS

• The overall net assets of the County increased by $2,162,959. This increase is due to an increase
in general receipts. .
• The fund balance for the General Fund decreased by $303,603.
• The fund balance for the Road and Bridge fund increased by $1,777,768. This was due inpart to
a reclassification of assets from the Road and Bridge Trust Fund.
» The total costs of the county's governmental activities were slightly less than the prior year. Still
balance forward increased due to the following:
o Public works and roads capital projects expenditures were in maintenance mode and
oniy a few capital projects were undertaken this year. We did make some
improvements that we feel will make the department more efficient,
o Debt service payments on the long-term debt remained the same,
o Sales tax coflections for 2012 were down slightly, but higher than anticipated.

USING THIS ANNUAL REPORT

This annual report is presented in a format consistent with the presentation requirements o f the
Governmental Accounting Standards Board (GASB) Statement No, 34 as applicable to the County's
modified cash basis o f accounting.

Report Components

Government - Wide Financial Statements: The Statement of Net Assets and the Statement o f Activities
provide information about the activities o ft he County as a whole and present a longer-term view of the
County's finances.

Fund Financial Statements: Fund financial statements focus on the individual parts of the County
government. Fund financial statements also report the County's operations in more detail than the
government-wide statements by providing information about the county's major funds. These
statements tell how these services were financed in the short term as well as what remains for future
spending.

Notes to the Financial Statements: The notes to the financial statements are an integral part of the
govern me nt-wide and fund financial statements and provide expanded explanation and detail regarding
the information reported in the statements.

4
Required Supplementary Information: The Management's Discussion and Analysis and the budgetary
comparison schedules represent financial information required by GASB to be presented. Such
information provides users of this report with additional data that supplements the government-wide
statements, fund financial statements, and notes (referred to as "the basic financial statements” ).

Other financial Information: This part of the annual report includes optional financial information,
which includes the combining statements for the county's non-major funds and reports required by the
Federal Government. This other financial information is provided to address certain needs o f various
users of the County's annual report.

Basis of Accounting

The county has elected to present its financial statements on the modified cash basis of accounting.
This modified cash basis of accounting is a basis of accounting other than accounting principles generally
accepted in the United States of America. Basis of accounting is a reference to whenfinancial events are
recorded, such as the timing for recognizing receipts, disbursements, and their related assets and
liabilities. Under the county's modified cash basis of accounting, receipts and disbursements and the
related assets are recorded when they result from cash transactions. The modification to the cash basis
is related to the presentation of investments.

As a result of the use of the modified-cash basis of accounting, certain assets and their related revenue
(such as accounts receivable for revenue billed or services provided not yet collected) and liabilities and
their related expenses (such as accounts payable for goods and services received but not yet paid, and
accrued expenses and liabilities) are not recorded in these financial statements. Therefore, when
reviewing the financial information and.discussion within this report, the reader should keep in mind the
limitations resulting from the use of the modified cash basis of accounting.

Government-Wide Statement of Net Assets and the Statement of Activities

The financial analysis of the County as a whole begins on page 9. The government-wide financial
statements are presented on pages 12-14. One of the most important questions asked about the
County's finances is "Is the County as a. whole better or worse off as a result of the year's activities?" The
Statement of Net Assets and the Statement of Activities report information abtiut- the County as a whole
and about its activities in a way that helps answer this question. These statements include all of the
County's assets resulting from the use of the modified cash basis of accounting.

The statements report the county's net assets and changes in them. Over time, increases and
decreases in the County's net assets are one indicator of whether its financial health is improving o r ;
deteriorating. The reader will need to consider other nom-financial factors, however, such as changes in
the county tax base, and the condition of the County's facilities, to assess the overall health o f the
county.
The Statement o f Activities Is presented by its governmental functions which include general
government judicial, public safety, public works, health and welfare, highway and roads, other activities
and transfer station. The Statement of Activities shows the net cost of these functions before
considering the general receipts of the County.

Fund Financial Statements

Our analysis of the County's funds begins on page 11. The fund financial statements begin on page 17
and provide detailed information about the County's funds. These funds are required to be established
by state law and by bond covenants. These fund financial statements help the reader to determine
whether there are more or fewer financial resources that can be spent in the near future for County
programs.

• Governmental Funds- Most of the County's basic services are reported on governmental funds,
which focus on how money flows into and out of those funds and the balances left at year end
that are available for spending. The governmental fund statements provide a detailed short
term view of the general government operations and the basic services it provides.
Governmental fund information helps the reader determine whether there are more or fewer
financial resources that can be spent in the near future to finance the County's programs.
• Proprietary Funds - When the County charges customers for the services it provides - whether to
outside customers or to the other units of the county - these services are generally reported in
proprietary funds. The Internal Revenue Service Fund is used to account for charges made to
other units o f government for dental insurance premiums and certain other employee benefits.

FINANCIAL ANALYSIS OF THE COUNTY AS A WHOLE

Net Assets - Modified Cash Basis

December 31
2012 2011
ASSETS
Cash and Investments $22,300,105 $20,137,146
TOTAL ASSETS $22,300,105 $20,137,146

NET POSITION
Unrestricted $22,300,105 $20,137,146
TOTAL NET POSITION $22,300,105 $20,137,146

6
Changes in Net Assets - Modified Cash Basis

Year Ended December 31
2012 2011
PROGRAM RECEIPTS:
Charges for Services $ 1,035,813 $ 5,418,009
Operating Grants and Contributions 7,870,848 1,321,115
Capital Grants and Contributions 383,170 189,764

General Receipts:
Tax Receipts 17,569,801 16,545,246
interest 128,602 284,227
Other Receipts 1,163,295 250,794
TOTAL RECEIPTS 28,151,629 24,072,155

DISBURSEMENTS
General Government 15,803,683 13,864,958
Public Safety and Judicial 6,185,658 4,902,165
Tax Administration 1,217,493 805,534
Debt Service 1,722,913 1,434,075
Transfer Station 1,058,923 1,042,268
TOTAL DISBURSEMENTS 25,989,670 22,049,000

CHANGE IN NET ASSETS $ 2,162,959 $ 2,023,155

Overall receipts of the county increased by $4,079,474 from the previous year. The County received
several additional grants, and tax revenues were up $1,024,555, which represents a .06% increase from
the prior year. Overall disbursements of the county were up $3,940,670.

FINANCIAL ANALYSIS OF THE COUNTY'S FUNDS

Certain funds experienced noteworthy changes from the prior year, and are highlighted as follows:

• The General Fund balance decreased by $303,603 for the year ended December 31,2012.
• The Road and Bridge Fund balance increased by $1,777,768 for the year ended December 31,
2012 due to a reclassification of assets from the Road & Bridge Trust Fund.
• Major changes in management focus have allowed the combined funds for Road and Bridge to
increase.

7
FINANCIAL ANALYSIS BUDGET VERSUS ACTUAL RESULTS - GENERAL FUND

2012 BUDGET
Original Final Actual
RECEIPTS
Taxes $8,160,800 $8,160,800 $8,395,905
Licenses and Permits 146,000 146,000 64,304
Intergovernmental Revenues 998,535 998,535 1,144,820
Fees and Charges 2,848,250 2,848,250 3,462,741
Miscellaneous 288,000 288,000 393,635
TOTAL RECEIPTS $12,441,585 $12,441,585 $13,401,465

DISBURSEMENTS
General Government $3,676,231 $3,676,231 $3,327,612
judicial 999,567 999,567 1,031,381
Public Safety 3,205,702 3,205,702 3,034,470
Public Works 25,644,521 25,644,521 4,962,773
Airport 5,47„000 547,000 539,592
Debt Service 1,454,000 1,454,000 1,439,270
TOTAL DISBURSEMENTS $35,561,563 $35,561,563 $14,344,098

Management was of the opinion that we would not have as much revenue and slightly underestimated
the revenues for 2012. it was expected that we might spend more. Thanks to efforts of employees and
elected officials, we did not. We have budgeted for capital improvements that were expected to allow a
good balance forward into 2013.

ECONOMIC FACTORS AND NEXT YEAR'S BUDGET

Next year will be another challenging budget cycle. The County is like many others, not confident about
what our economy will do. Management recognized that we have much more control over what we
spent than what we bring in in revenue. Therefore, the challenge will be decreasing those expenses
without decreasing the quality of service provided to the constituents.

CONTACTING THE COUNTY'S FINANCIAL MANAGEMENT

You may contact the Auditor's office at PO Box 1407, Forsyth, MO 65653 for more information about
the contents of this report. The phone number is 417-546-7201.
 TANEY COUNTY, MISSOURI
STATEMENT OF NET POSITION
MODIFIED CASH BASIS
DECEMBER 31,2012

PRIMARY GOVERNMENT
Governmental Business-Type
Activities Activities Total
ASSETS
Cash and Cash Equivalents $ 21,836,970 $ 463,135 $ 22,300,105
Total Assets $ 21,836,970 $ 463,135 $ 22,300,105

NET POSITION:
Unrestricted $ 21,836,970 $ 463,135 $ 22,300,105
Total Net Position $ 21,836,970 $ 463,135 $ 22,300,105

The Accompanying Notes are an Integra! Part of these Financial Statements.
9
 TANEY COUNTY, MISSOURI
STATEMENT OF NET POSITION
TANEY COUNTY REGIONAL SEWER DISTRICT
DECEMBER 31,-2012

COMPONENT UNIT
Taney County
Regional Sewer
District_____

ASSETS

Current Assets
Cash and Cash Equivalents $ 1,135,907
Investments 112,527
Net Utilities Receivable 128,472
Prepaid Expenses 4,987
Total Current Assets 1,381,893

Restricted Assets
Cash and Cash Equivalents 1,529,948
Investments 101,528
Total Restricted Assets ________1,631,476

Deferred Bond Issuance Costs

Capita) Assets
Non-depreciable 2,511,267
Depreciable, Net _______ 48,420,954
Total Capita! Assets 50,932,221

TOTAL ASSETS 53,945,590

LIABILITIES AND NET POSITION

Current Liabilities
Accounts Payable 541,060
Accrued Expenses 11,230
Deposits Payable 132,700
Accrued Interest Payable 244,560
Current Maturities of Long-term Debt _________ 810,000
Total Current Liabilities 1,739,550

Long-term Liabilities
Arbitrage payable 61,690
Revenue Bonds Payable 9,300,000
Total Long-term Liabilities _____ 9,361,690

TOTAL LIABILITIES 11,101,240

NET POSITION
Invested in Capital Assets, Net of Related Debt 40,822,221
Restricted for Debt Service 1,435,422
Unrestricted 586,707

TOTAL NET POSITION $ 42,844,350

The Accompanying Notes are an Integral Part of these Financial Statements.
10
 TANEY COUNTY. MISSOURI
STATEMENT OF ACTIVITIES * TANEY COUNTY REGIONAL SEWER DISTRICT
FOR THE YEAR ENDED DECEMBER 31, 2012

Component Unit
Net (Revenues) Expenditures and
Program Revenues ___________ ______ Changes in Net Position
CHARGES OPERATING CAPITAL GRANTS BUSINESS
FUNCTIONS AND FOR GRANTS AND AND GOVERNMENTAL TYPE
PROGRAMS EXPENDITURES SERVICES CONTRIBUTIONS CONTRIBUTIONS ACTIVITIES ACTIVITIES TOTAL

Component Unit
Governmental Activities
Intergovernmental Agreements $ 269,379 $ 3,810,916 $ $ $ 3,541,537 $ $ 3,541,537
Tax Increment Financial Payments - - - - - - -
Other 463,195 38,851 - - (424,344) - (424.344)
Total Governmental Activities 732,574 3,849,767 - - 3,117,193 - 3,117,193

Business Type Activities
Sewer 3,660,336 1,446,277 - - - (2,214,059) (2,214,059)
Total Business Type Activities 3,660,336 1,446,277 - - - (2,214.059) (2,214.059)

Total Component Unit $ 4,392.910 $ 5,296.044 $ $ 3,117,193 (2.214,059) 903,134

General Revenue
Taxes
Licenses and Permits
Investment Income -
Gain on Sale o f Assets -
Miscellaneous
Transfers to Taney County -
Transfers

Total General Receipts, Transfers, and
Other Items

Change in Net Position 3.117,193 (2,214,059) 903.134

Net Position, Beginning of Year - 41.941,216 41,941,216

Net Position, End of Year $ 3,117.193 $ 39,727,157 $ 42,844,350

The Accompanying Notes are an Integral Part of these Financial Statements.
11
 TANEY COUNTY, MISSOURI
STATEMENT OF ACTIVITIES - MODIFIED CASH BASIS
FOR THE YEAR ENDED DECEMBER 31, 2012

Primary Government
Net (Receipts) Expenditures and
Program Revenues______________ ____ __________ Changes in Net Position

OPERATING CAPITAL GRANTS BUSINESS
CHARGES FOR GRANTS AND AND GOVERNMENTAL TYPE
FUNCTIONS AND PROGRAMS EXPENDITURES SERVICES CONTRIBUTIONS CONTRIBUTIONS ACTIVITIES ACTIVITIES TOTAL

Primary Government
Governmental Activities
General Government $ 21,678,224 $ 27,720 $ 3,542,829 $ 82,359 $ (18,025,316) $ $ (18,026,316)
Tax Administration 1,217,493 10,263,228 300,811 9,346,546 9,346,546
Public Safety and Judicial 1,692,194 2,416,053 723,859 723,859
Debt Service 1,722,913 2,203.812 480,899 480,899
Total Governmental Activities 26,310,825 27,720 18,425,922 383,170 (7,474,013) - (7,474,013)

Business Type Activities
Transfer Station 1,058,923 1,008,093 (50,830) (50,830)
Total Business type Activities 1,058,923 1,008,093 - - - (50,830) (50,830)

Total Primary Government $ 27,369,748 $ 1,035,813 $ 18,425,922 383,170 (7,474,013) (50,830) (7,524,843)

General Revenue
Taxes 8,395,903 8,395,903
Licenses and Permits 64,304 64,304
Investment Income 110,884 5,281 116,165
Gain on Sale of Assets 28,738 28,738
Miscellaneous 393,635 22,439 416,074
Transfers 676,618 676.618

Total General Receipts, Transfers, and Other Items 9,670,082 27,720 9.697,802

Change in Net Assets 2,196,069 (23,110) 2,172,959

Net Position - Beginning of Year 19,640,901 486,245 20,127,146

Net Position - End of Year $ 21,836,970 $ 463,135 $ 22,300,105

The Accompanying Notes are an Integral Part of these Financial Statements,
12
 TANEY COUNTY, MISSOURI
STATEMENT OF ASSETS AND FUND BALANCES
ARISING FORM MODIFIED CASH BASIS TRANSACTIONS
GOVERNMENTAL FUND TYPES
DECEMBER 31, 2012

ROAD AND OTHER TOTAL
BRIDGE TRUST GOVERNMENTAL GOVERNMENTAL
GENERAL FUND FUND______ FUNDS FUNDS
ASSETS
Cash and Cash Equivalents:
Cash and Investments $ 9,814,825 $ 9,374,917 $ 2,647,228 $ 21,836,970
Total Assets $ 9,814,825 $ 9,374,917 $ 2,647,228 $ 21,836,970

LIABILITIES AND FUND BALANCES
Liabilities:
Due to Others $ $ $. $
Total Liabilities - - - -

Fund Balances
Reserved for Encumbrances
Reserved for Construction
Unreserved 9,814,825 9,374,917 2,647,228 21,836,970
Total Fund Balances 9,814,825 9,374,917 2,647,228 21,836,970

Total Liabilities and Fund Balances $ 9,814,825 $ 9,374,917 $ 2,647,228 $ 21,836,970

The Accompanying Notes are an Integral Part of these Financial Statements.
13
 TANEY COUNTY MISSOURI
STATEMENT OF REVENUES COLLECTED, EXPENDITURES PAID,
AND CHANGES IN FUND BALANCES- MODIFIED CASH BASIS
GOVERNMENTAL FUND TYPES
FOR THE YEAR ENDED DECEMBER 31, 2012

OTHER TOTAL
ROAD AND GOVERNMENTAL GOVERNMENTAL
GENERAL FUND BRIDGE FUND FUNDS FUNDS
REVENUES COLLECTED
Taxes $ 8,224,315 $ 6,926,113 $ 2,419,373 $ 17,569,801
Intergovernmental 973,224 592,917 952,672 2,518,813
Fees, Fines, and .Forfeitures 3,291,145 1,034,492 2,416,053 6,741,690
Miscellaneous _________393,635 153.054 203,812 750,501
Tota! Revenues Collected 12,882,319 8,706,576 5,991,911 . 27,580,806

EXPENDITURES PAID
Current
Genera) Government 6,789,846 6,987,934 2,045,903 15,803,683
Tax Administration 989,892 - 1,752,809 2,742,701
Public Safety and Judicial 4,473,464 - 1,692,194 6,165,658
Debt Service 1,511,808 - 86,975 1,598,783
Total Expenditures Paid 13,765,010 6,967,934 5,577,882 26,310,826

Excess {Deficit) of Revenues Paid
over Expenditures Paid (882,691) 1,738,642 414,029 1,269,980

OTHER FINANCING SOURCES (USES)
Transfers In 676,617 43,822 387,429 1,107,868
Transfers Out (97,529) (4.696) (75,000) (177.225)
Total Other Financing Sources (Uses) 579,088 39,126 312,429 930,643

Excess (Deficit) of Revenues Paid
over Expenditures Paid and Other Sources (Uses) (303,603) 1,777,768 726,458 2,200,623

Fund Balance - Beginning 10,118,428 7,597,149 1,920,770 19,636,347

Fund Balance - End of Year 9,814,825 $ 9,374,917 $ 2,647,228 $ 21,836,970

The Accompanying Notes are an integral Part of these Financial Statements.
14
 TANEY COUNTY, MISSOURI
STATEMENT OF NET POSITION, MODIFIED CASH BASIS
PROPRIETY FUNDS
DECEMBER 31, 2012

ENTERPRISE
FUND

TRANSFER
STATION FUND
ASSETS
Cash and Cash Equivalents $ 463,135
Total Current Assets _______ 463,135

Total Assets $ 463,135

NET ASSETS
Unrestricted $ 463,135

Total Net Assets $ 463,135

The Accompanying Notes are an Integral Part of these Financial Statements.
15
 TANEY COUNTY, MISSOURI
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION -
PROPRIETARY FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2012

ENTERPRISE
FUND
TRANSFER
STATION

OPERATING RECEIPTS
Charges for Services $ 1,008,093
Total Operating Receipts 1,008,093

OPERATING DISBURSEMENTS

Salaries and Employee Benefiis 235,354
Supplies 1,729
Telephone and Utilities 4,064
Repair and Maintenance 131,849
Landfill Services 666,487
Other Operating Expenses _______ 19,441

Total Operating Disbursements 1,058,923

Operating Income (Loss) (50,830)

NON-OPERATING RECEIPTS
Interest Income 5,281
Other Receipts _______22,439

Total Non-Operating Receipts 27,720

Increase (Decrease) Before Transfers (23,110)

Transfers In (Out)

Net Income (Loss) (23,110)

Total Net Position - Beginning 486,245

Total Net Position - Ending $ 463,135

The Accompanying Notes are an Integral Part of these Financial Statements.
16
 TANEY COUNTY, MISSOURI
STATEMENT OF CASH FLOWS - MODIFIED CASH BASIS
PROPRIETARY FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2012

ENTERPRISE
FUND
TRANSFER
STATION

CASH FLOWS FROM OPERATING ACTIVITIES
Received from Customers $ 1,008,093
Payments to Employees and Fringe Benefits (235,354)
Payments to Vendors and Suppliers (823,569)

Net Cash Provided by Operating Activities (50,830)

CASH FLOWS FROM NON-CAPITAL AND RELATED
FINANCING ACTIVITIES
Transfers From (To) Other Funds

Net Cash (Used) by Non-Capitai and Related Financing Activities

CASH FLOWS FROM INVESTING ACTIVITIES
Investment Income _______ 5,281

Net Increase (Decrease) in Cash and Cash Equivalents (45,549)

Cash and Cash Equivalents - Beginning of Year 486,245

Cash and Cash Equivalents - End of Year $ 440,696

RECONCILIATION OF OPERATING LOSS TO NET CASH USED
BY OPERATING ACTIVITIES
Operating Income (Loss) (50,830)

Adjustments to reconcile operating Income to Net Cash
Used by Operating Activities
Other Receipts _______ 22,439

Total Adjustments _______ 22,439

Net Cash (Used) by Operating Activities $ (28,391)

The Accompanying Notes are an Integral Part of these Financial Statements.
17
 TANEY COUNTY, MISSOURI
STATEMENT OF ASSETS AND LIABILITIES - MODIFIED CASH BASIS
AGENCY FUNDS
DECEMBER 31, 2012
Pg 1 of 2

DSS Cities Domestic Sheriff s
School Supplemental Finance Violence Revolving Recorder
Fund Fund Int. Fund Drug Fund Vest Grant Fund Fund Fund

ASSETS
Cash and Investments $ 11,871 $ 2,333 $ 22,458 $ 1,599 $ 1,514 $ 9,778 $ 64,894 $ 431,473
Total Assets $ 11,871 $ 2,333 . $.22,458 $ 1,599 $ 1,514 $ 9,778 $ 64,894 $ 431,473

LIABILITIES
Due to Others
Due to Other Governments $ 11,871 $ 2,333 $ 22,458 $ 1,599 $ 1,514 $ 9,778 $ 64,894 $ 431,473
Total Liabilities $ 11,871 $ 2,333 $ 22,458 $ 1,599 $ 1,514 $ 9,778 $ 64,894 $ 431,473

The Accompanying Notes are an Integral Part of these Financial Statements.
18
 TANEY COUNTY, MISSOURI
STATEMENT OF ASSETS AND LIABILITIES - MODIFIED CASH BASIS
AGENCY FUNDS
DECEMBER 31,2012
Pg 2 of 2

Land Prosecuting
Sales Attorney Prosecuting Fines and TOTAL
Surplus Unclaimed Restitution Attorney Bad Forfeitures Miscellaneous AGENCY
Fund Fee Fund Fund Check Fund Fund Agency Funds FUNDS

$ 78,765 $ 7,332 $ 90,421 $ 119,474 $ 73,664 $ 2,293 $917,869
$ 78,765 $ 7,332 $ 90,421 $ 119,474 $ 73,664 $ 2,293 $917,869

$ 78,765 $ 7,332 $ 90,421 $ 119,474 $ 73,664 $ 2,293 $917,868
$ 78,765 $ 7,332 $ 90,421 $ 119,474 $ 73,664 $ 2,293 $917,868

The Accompanying Notes are an Integral Part of these Financial Statements.
19
 TANEY COUNTY, MISSOURI
NOTES TO FINANCIAL STATEMENTS
December 31, 2012

NOTE 1— SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Taney County, Missouri (the County) is a first class county operating under a three member County
Commission and the guidelines established by the Revised Statutes of Missouri. The County commission
establishes policies and procedures, enacts ordinances, supervises the activities of County Departments,
adopts county budgets, and provides various other services. Taney County serves a population of
approximately 53,000 people. The County is headquartered in Forsyth, Missouri, just south of Branson,
Missouri.

The accounting methods and procedures adopted by the primary government of Taney County, Missouri
conform to the modified cash basis of accounting as applied to government entities. This is a method of
accounting other than methods generally accepted in the United States of America. The following is a
summary of the more significant policies.

Financial Reporting Entity

The financial reporting entity consists of {a} the primary government, (b) organizations for which the
primary government is financially accountable, and (c) other organizations for which the primary
government is not accountable, but for which the nature and significance of their relationship with the
primary government is such that exclusion would cause the reporting entity's financial statements to be
misleading or incomplete. Component units are legally separate organizations for which the elected
officials of the primary government are financially accountable. Financially accountable means the
primary government is accountable for the component unit and the primary government is able to
impose its will on the unit. The Component unit may also provide financial benefits or burdens on the
primary government. In addition, component units can be other organizations for which the nature and
significance of their relationship with the primary government are such that exclusion would cause the
reporting entity's financial statements to be misleading or incomplete.

The County is a primary government, and per accounting principles generally accepted in the United
States of America, has evaluated the above criteria to determine whether another entity meets the
definition of a component unit and must be included in these financial statements. The component unit
discussed below is included in the County's reporting entity because of the significance o f their
operational funds financial relationships with the County.

Component Unit:

Taney County Regional Sewer District

The Taney County Regional Sewer District (the District) is a public utility responsible for the construction,
operation and maintenance of sanitary sewer facilities in the unincorporated portion of Taney County,
Missouri. The District is a component unit of Taney County (the County) government, and members of
the District's Board of Trustees are appointed by the County Commission.

20
 TANEY COUNTY, MISSOURI
NOTES TO FINANCIAL STATEMENTS
December 31, 2012

NOTE 1—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

The Capital Improvement Sales Tax revenues are provided by a countywide sales tax of one-half of one
percent. Sales tax revenues are collected and accounted for by the County on behalf of the District. The
tax revenues are used for construction and improvement of wastewater collection and treatment and
facilities benefiting the County as a whole and repayment of long-term debt for which the tax receipts
are pledged.

The Taney County Regional Sewer District issues separate financial statements that may be obtained by
calling (417) 546-7220.

Government-Wide Financial Statements

The government-wide statements display information about the primary government and its
component units. Inter-fund activity has been eliminated from these statements to minimize the
duplication of internal activities. Governmental activities, which are supported by taxes and
intergovernmental receipts, are reported separately from business-type activities, which rely on fees
and charges for services for support.

In the government-wide Statement of Net Position, both the governmental and business-type activities
are consolidated and presented on the modified cash basis of accounting. The government - wide
Statement of Activities presents a comparison between direct disbursements and program receipts for
each function of the county's governmental and business-type activities. Direct disbursements are
those that are specifically associated with a program or a function. Program receipts include charges for
goods and services offered by the programs and grants and contributions that are restricted to meet
operating and capital disbursements of a particular program. Receipts that are not classified as program
receipts, including all taxes, are presented as general receipts.

Fund Financial Statements

Separate fund financial statements report information on the County's governmental and proprietary
funds. The emphasis of fund financial statements is on major governmental and enterprise funds, each
displayed in a separate column. All remaining funds are aggregated and reported as non-major funds in
their respective categories.

The County reports the following major governmental funds:

General Fund: The General Fund is the general operating find of the County. It is used to account
for all financial resources except those required to be accounted for in another fund.

Road and Bridge Fund: The Road and Bridge Fund is used to account for motor vehicle and gas
tax receipts designated for highway and road improvements.

21
 TANEY COUNTY, MISSOURI
NOTES TO FINANCIAL STATEMENTS
December 31, 2012

NOTE 1—SUMMARY OF SIGNIFICANT ACCOUNTING POLtCIES (continued)

The County also reports the following fund types:

Agency funds account for miscellaneous assets held by the County for other funds,
governmental units, and individuals. The agency funds are custodial in nature and do not involve
measurement of results of operations.

The County reports the following major proprietary fund:

The Transfer Station Fund accounts for the County waste collection operations.

Basis of Accounting:

The government-wide Statement of Net Position and Statement of Activities and the fund financial
statements for the primary government of Taney County are presented using the modified cash basis of
accounting. This basis recognizes assets, net assets/fund equality, receipts, and disbursements when
they result from cash transactions. The cash basis has been modified to include investments of the
county. This basis is a comprehensive basis of accounting other than accounting principles generally
accepted in the United States of America.

As a result of the use of this modified cash basis of accounting, certain assets and their related revenues
(such as accounts receivable and revenue for billed or provided services not yet collected) and certain
liabilities and their related expenses (such as accounts payable and expenses for goods or services
received but not yet paid, and accrued expenses and liabilities) are not recorded in these financial
statements. Also, as a result of the modified cash basis, capital assets and long-term debt of the primary
government of Taney County are not presented in the financial statements.

If the County utilized the basis of accounting recognized as generally accepted, the fund financial
statements for the governmental funds would use the modified accrual basis of accounting. All
government-wide statements and proprietary fund financial statements would be presented on the
accrual accounting.

The Taney County Regional Sewer District's basic financial statements are consistent with enterprise
fund accounting. Enterprise funds are established to account for the financing of self-supporting
activities, which render services on a user charge basis to the general public. Their financial statements
are presented on the accrual basis of accounting and confirm to accounting principles generally
accepted in the United States of America.

22
 TANEY COUNTY, MISSOURI
NOTES TO FINANCIAL STATEMENTS
December 31, 2012

NOTE 1—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

New Pronouncements

The Governmental Accounting Standards Board (GASB) issued Statement No. 63 - Financial Reporting of
Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position (GASB 63) effective for
periods beginning after December 15, 2011. This statement provides financial reporting guidance for
deferred outflows of resources and deferred inflows of resources. This statement also amends the net
assets reporting requirements of Statement No. 34 - Basic Financial Statements and Management's
Discussion and Analysis, by incorporating deferred inflows and deferred outflows into the definition of
the required components of residual measure and by renaming that measure as net position, rather
than net assets.

GASB also issued Statement No 65 - Items Previously Reported as /Assets and Liabilities (GASB 65)
effective for periods beginning after December 15, 2011. This statement establishes accounting and
financial reporting standards that reclassify, as deferred outflows or resources or deferred inflows of
resources, certain items that were previously reported as assets and liabilities and recognizes, as
outflows of resources, certain items that were previously reported as assets and liabilities.

Taney County and the Taney County Regional Sewer District adopted both of the above statements for
the year ended December 31, 2012.

Cash and Investments

The county pools cash and investment resources of various funds in the County Treasurer's office in
order to facilitate the management of cash and investments. Cash applicable to a particular fund is
readily identifiable. Some County offices also hold cash and investments in their own separate bank
accounts as required by state statute. The balance in the pooled cash account is available to meet
current operating requirements. Investments of the County are carried at cost and include U. S.
Government Agency obligations and certificates of deposit.

Property Tax Revenue

Property taxes attach as an enforceable lien on property as of January 1. Taxes are levied on November
1 and payable by December 31. Taxes paid after December 31 are subject to penalties. The County bills
and collects its own property taxes and also taxes for most other local governments within the county.
Collections for other governments and remittance of them to those governments are accounted for in
various Agency Funds. Property tax revenue is recognized when collected.

23
 TANEY COUNTY, MISSOURI
NOTES TO FINANCIAL STATEMENTS
December 31, 2012

Fund Equality

The unreserved and undesignated fund balances for Governmental Fund Types represent the amount
available for budgeting future operations.

Government-Wide Statements

Equity is classified as net assets and displayed in two components:

a) Restricted net assets— Consists of net assets with constraints placed on the use either by (1)
external groups such as creditors, grantors, or laws and regulations of other governments; or (2)
law through constitutional provisions or enabling legislations.
b) Unrestricted net assets—all other assets that do not meet the definition of "restricted".

It is the County's policy to first use restricted net assets prior to the use of unrestricted net assets when
a disbursement is made for purposes for which both restricted and unrestricted net assets are available.

Compensated Absences

The County has a county-wide policy on vacation and sick leave for all employees. Leave is taken at the
direction of each officeholder. The accumulated liability for compensated absences is not expected to be
liquidated with expendable available financial resources.

Cash and Cash Equivalents

For purposes of the statement cash flows, the county considers all accounts subject to withdrawal by
check or on demand to be cash and cash equivalents. All other deposits are considered to be
investments.

NOTE 2-CA SH AND INVESTMENTS

Primary government

The County maintains a cash and investment pool that is available for use by all funds. Each type's
portion of this pool is displayed as "Cash and Investments". In addition, investments are separately held
by several of the Count/s funds. State statutes require that County deposits be fully collateralized in the
name of the County. As of December 31, 2012, all bank balances on deposit are entirely insured or
collateralized with securities.
 TANEY COUNTY, MISSOURI
NOTES TO FINANCIAL STATEMENTS
December 31, 2012

NOTE 2—CASH AND INVESTMENTS (Continued)

The County's investments at December 31, 2012, are as follows:

Investment Type Maturity Carrying Value Fair Value
Certificates of Deposit 6/30/2013-6/20/2014 $17,687,050 $17,687,050
FHLB Global Bonds 8/22/13-12/5/2014 2,494,687 2,494,687
Freddie Mac Global Notes 6/30/2014 2,000,000 2,000,000
22,181,737 22,181,737
Less: Investments held for the
Taney County Regional Sewer
District 22,181,737 22,181,737
Total Investments Primary
Government $ $

Certificates of Deposit

Certificates of deposit are classified as investments but are considered deposits for custodial risk
determination. State statutes require that the County's deposits be collateralized in the name of the
County by the trust department of a bank that does not hold the collateralized deposits. As of December
31, 2012 all certificates of deposit are entirely insured or collateralized with securities.

U.S. Government Agency Obligations

The County also holds investments in several U.S. Government agency obligations. These investments
are stated at historical cost.

The County does not have a policy for interest rate risk.

Tanev County Regional Sewer District

State statutes require that the District's deposits be insured or collateralized in the name of the District
by the trust department of a bank that does not hold the collateralized deposits. As of December 31,
2012 all bank balances on deposit are entirely insured or collateralized.

The Regional Sewer District's investments as of December 31, 2012 were as follows:

Investment Type_______ Maturity Fair Value
Certificates of Deposit 7/28/2013 $ 214,055

25
 TANEY COUNTY, MISSOURI
NOTES TO FINANCIAL STATEMENTS
December 31, 2012

NOTE 2—CASH AND INVESTMENTS (continued)

Certificates of Deposit
Certificates of deposit are classified as investments but are deposits for custodial risk determination.
State statutes that require that the County's deposits on behalf of the Regional Sewer District be
collateralized in the name of the County by the trust department of a bank that does not hold the
collateralized deposits. As of December 31, 2012, all certificates of deposit are entirely insured or
collateralized with securities. Certificates of deposit are held to maturity.

U.S. Government Agency Obligations

The Regional Sewer District also holds investments in several U.S. Government agency obligations. These
investments are stated at historical cost.

The Regional Sewer District does not have a policy for interest rate risk.

NOTE 3-CLAIM S, JUDGMENTS AND CONTINGENCIES

Federal and State Grants
The County participates in a numberof federal and state programs that are fully or partially funded by
grants received from other governmental units. Disbursements financed by grants are subject to audit
by the appropriate grantor government. If disbursements are disallowed due to noncompliance with
grant program regulations, the County may be required to reimburse the grantor government. As of
December 31, 2012, significant amounts of grant disbursements have not been audited by grantor
governments, but the County believes that the disallowed disbursements, if any, based on subsequent
audits will not have a material effect on any of the individual government funds or the overall financial
position of the County.

Legal Matters
There are a number of claims and/or lawsuits to which the County is a party as a result of certain injuries
and various matters and complaints arising in the ordinary course of County activities. The County's
management and legal counsel anticipate that the potential claims, if any, against the County resulting
from such litigation would not have a martial effect on the financial position of the County.

26
 TANEY COUNTY, MISSOURI
NOTES TO FINANCIAL STATEMENTS
December 31, 2012

NOTE 4—PENSION PLAN—CERF

State Of Missouri County Employees' Retirement Fund

Plan Description
Taney County participates in the County Employees' Retirement Fund (CERF), a cost-sharing multiple
employer pension plan. CERF is a defined benefit pension plan which provides retirement and death
benefits to plan members and beneficiaries. CERF was created and is governed by state statute, RSMo
50.1000 to 50.1200. As such, it is the system's responsibility to administer the law in accordance with
the expressed intent of the General Assembly. The plan qualified under the Internal Revenue Code
Section 401(a) and it is tax exempt.

The County Employees' Retirement Fund issues a publicly available financial report that includes
financial statements and required supplementary information. That report may be obtained by writing
to CERF, Boone County National Bank, P.O. Box 577, Columbia, MO 65202 or by calling 1-800-357-8557,

Funding Poiicy
Taney County's full-time employees hired before February 25, 2002 and not a member of LAGERS are
required by state statute to contribute 4% of their annual payroll to the pension plan. Non-LAGERS
members hired after February 25, 2002, contribute 6% and LAGERS members hired after February 25,
2002, contribute 4%. LAGERS members hired before February 25, 2002, do not contribute to CERF. The
County is required by state statute to remit the fees collected under RSMo Sections 52.290,150.150,
137.280,137.345 and Chapters 59 and 54, RSMo, plus interest. The required contributions have been
made.

Note 5—PENSION PLAN—-LAGERS

Plan Description
Taney County participates in the Missouri Local Government Employees Retirement System (LAGERS),
an agent multiple-employer public employee retirement system that acts as a common investment and
administrative agent for local government entities in Missouri. LAGERS is a defined benefit pension plan
which provides retirement, disability, and death benefits to plan members and beneficiaries. LAGERS
was created and is governed by statute, section RSMo 70.600-70.755. As such, it is the system's
responsibility to administer the law in accordance with the expressed intent of the General Assembly.
The plan is qualified under the Internal Revenue Code Section 401a and it is tax exempt.

The Missouri Local Government Employees Retirement System issued a publicly available financial
report that includes financial statements and required supplementary information. That report may be
obtained by writing to LAGERS, P.O. box 1665, Jefferson City, MO 65102 or by calling 1-800-447-4334.

27
 TANEY COUNTY, MISSOURI
NOTES TO FINANCIAL STATEMENTS
December 31, 2012

Note 5—PENSION PLAN—LAGERS (continued)
Funding Status:

Taney County's full-time employees do not contribute to the pension plan. The political subdivision is
required to contribute at an actuarially determined rate; the current rate is 11.4% (general), and 12.8%
(police) of annual overall payroll. The contribution requirements of plan members are determined by
the governing body of the political subdivision. The contribution provisions of the political subdivision
are established by state statute.

Annual Pension Cost (APC) and Net Pension Obligation (NPO\
The subdivision's annual pension cost and net pension obligation for the current year were as follows:

Annual required contribution $1,072,089
Interest on net pension obligation 0
Adjustment to annual required contribution 0
Annual pension cost 1.072.089
Actual contributions 1.072.089
Increase (decrease) in NPO 0
NPO beginning of the year __________0
NPO end of the year $ 0

The annual required contribution (ARC) was determined as a part of the February 28, 2010 and February
28, 2011 annual actuarial valuation using the entry age actuarial cost method. The actuarial assumptions
as of February 29, 2012 included: (a) a rate of return on the investment of present and future assets of
7.25% per year, compounded annually, (b) projected salary increases of 3.5% per year, compounded
annually, attributable to inflation, (c) additional projected salary increases ranging from 0.0% to 6.0%
per year, depending on age and division, attributable to seniority/merit, (d) pre-retirement mortality
based on 75% of the RP-2000 Combined Healthy table set back 0 years for men and 0 years for women
and (e) post- retirement morality based on 105% of the 1994 Group Annuity Mortality table set back 0
years for men and 0 years for women. The actuarial value of assets was determined using techniques
that smooth the effects of short-term volatility in the market value of investments over a five-year
period. The unfunded actuarial accrued liability is being amortized as a level percentage of projected
payrolls on an open basis. The amortization period at February 28, 2010, was 12 years for the General
division and 12 years for the Police division. The amortization period at February 28, 2011, was 15 years
for the General division and 15 years for the police division.

28
 TANEY COUNTY, MISSOURI
NOTES TO FINANCIAL STATEMENTS
December 31, 2012

Note 5—PENSION PLAN—LAGERS (continued)

Three Year Trend information
Annual Percentage
Fiscal Year Pension Cost ofAPC Net Pension
Ending_________ (APC) Contributed Obligation
6/30/10 $ 1,116,987 100% $
6/30/11 $ 1,172,593 100% $
6/30/12 $ 1,072,089 100% $

REQUIRED SUPPLEMENTAL INFORMATION
Schedule of Funding Progress
Actuarial (a) (b) (b-a) (a/b) (c) [(b-a)/c]
Valuation Actuarial Entry Age Unfunded Funded Annual UAL as a
Date Value of Actuarial Accrued Ratio Covered Percentage
Assets Accrued Liability Payroll of Covered
Liability (UAL) Payroll
2/28/10 $10,270,272 $13,317,256 $ 3,046,984 11% $ 9,950,757 31%
2/28/11 11,600,854 14,517,186 2,916,332 80% 9,600,841 30%
2/28/12 $12,029,405 $14,217,025 $2,187,620 85% $8,808,205 25%

Note: The above assets and actuarial accrued liability do not include the assets and present value of
benefits associated with the Benefit Reserve Fund and the Causualty Reserve Fund. The actuarial
assumptions were changed in conjunction with the February 28, 2011 annual actuarial valuations. For a
complete description of the actuarial assumptions used in the annual valuations, please contact the
LAGERS office in Jefferson City, Missouri.

The required schedule of funding progress immediately following the notes to the financial statements
presents multi-year trend information about whether the actuarial value of Plan assets is increasing or
decreasing over time relative to the actuarial accrued liability for benefits. The projection of benefits for
financial reporting purposes does not explicitly incorporate the potential effects of legal or contractual
funding limitations.

29
 TANEY COUNTY, MISSOURI
NOTES TO FINANCIAL STATEMENTS
December 31, 2012

NOTE 6 - TAX LEVY AND LEGAL DEBT MARGIN

Property taxes attach as an enforceable lien on property as of January 1. Taxes are levied on November
1, and are payable by December 31.

The 2012 assessed valuation of the tangible taxable property and the tax levies per $100 assessed
valuation of that property were as follows:

ASSESSED VALUATION

Real Estate $897,198,599
Personal Property 147,872,624
Railroad and Utilities 2,246,170
$1,047,317,393
TAX LEVY
General Fund $

Constitutional debt limit $ 102,546,240
General obligation bonds payable
LEGAL DEBT MARGIN $ 102,546,240

(l)Under Article VI, Section 26 (b) and (c), Missouri Constitution, the County, by a vote of its qualified
electors voting therein, may incur an indebtedness for any purpose authorized by law of the County or
by any general law of the State of Missouri. The borrowings authorized by this section shall not exceed
ten percent of the value of the taxable tangible property in the County.

NOTE 7—LONG-TERM DEBT—TANEY COUNTY REGIONAL SEWER DISTRICT

2004 Water Pollution Control Revenue Bonds:
During 2004, the District entered into an agreement with the Missouri Leveraged State Water Pollution
Control Revolving Fund Program to sell $15,590,000 in Wastewater System Revenue Bonds, Series
2004C. The bonds bear interest at 3.0% to 5.25%.

The interest paid is offset by an interest subsidy from the State of Missouri's 50% bond reserves. Interest
payments are due semi-annually on January 1 and July 1 of each year with annual principal payments
due January 1 of each year. The bonds also require an administrative fee payable annually on January 1
of each year at .714% of the outstanding principal balance. The bonds outstanding at December 31,
2012 are due as follows:

30
 TANEY COUNTY, MISSOURI
NOTES TO FINANCIAL STATEMENTS
December 31, 2012

NOTE 7-LONG-TERM DEBT-TANEY COUNTY SEWER DISTRICT (continued)

Year Ended Administrative
December 31 Principal Interest Fee Total
2013 $ 810,000 $ 474,945 $ 72,185 $ 1,357,130
2014 820,000 446,010 66,402 1,332,412
2015 840,000 410,250 60,547 1,310,797
2016 865,000 367,625 54,550 1,287,175
2017 885,000 323,875 48,374 1,257,249
2018 910,000 279,000 42,055 1,231,055
2019 940,000 231,575 35,557 1,207,132
2020 965,000 181,568 28,846 1,175,414
2021 995,000 130,119 21,956 1,147,075
2022 1,025,000 78,375 14,851 1,118,226
2023 1,055,000 26,375 7,533 1,088,908
TOTAL $10,110,000 $2,949,717 $452,856 $13,512,573

The following table is a summary of the changes in the long-term debt for the year ended December 31,
2012 :
Balance Balance
December 31, New December 31,
______ 2011________ Obligations Retired________ 2012______
2004 SRF Revenue
Bonds Payable $10,910,000 $ -- $800,000 $10,110,000

NOTE 8—LONG TERM DEBT—PRIMARY GOVERNMENT

On November 15, 2006, the County issued Lease Certificates of Participation Series 2006 for the
construction of a new judicial facility. The County intends to make principal and interest payments on
the lease from revenues generated from the 1/8 cent law enforcement sales tax passed by voters on
November 8, 2005. The sales tax will continue until December 31, 2022.

The lease agreement requires principal payments ranging from $655,000 to $1,500,000 plus interest
ranging from 4.00% to 4.50%. Principal payments are due April 1 of each year with interest due semi­
annually on April 1 and October 1.
 TANEY COUNTY, MISSOURI
NOTES TO FINANCIAL STATEMENTS
December 31, 2012

NOTE 8—LONG TERM DEBT—PRIMARY GOVERNMENT (continued)

The lease agreement provides for the cancellation of the lease should the County fail to appropriate
funds on the annual renewal dates. However, the County does not foresee exercising its options to
cancel.

The total annual minimum lease payments required at December 31, 2012, are as follows:

Amount
Year Ended December 31, Due
2013 $1,494,681
2014 1,520,393
2015 1,545,844
2016-2023 14,405,322
Total Minimum Lease Payments 18,966,240
Less Amount Representing Interest (4,551,898)
Principal Balance December 31, 2012 $14,414,342

The following schedule presents the changes in the long-term debt for the year ended December 31,
2012:
Balance at Balance at
December 31,, 2011 Additions Retirements December 31, 2012
2006 Certificates of $15,820,000 $ -- $835,000 $14,985,000
Participation
Compensated Absences ____________ 95,333__________ ______________ 81,300 _____________ 14,033
Total $15,915,333 $ -- $916,300 _________ $14,999,033

NOTE 9—RISK ASSESSMENT

The County is exposed to various risks of losses related to torts; theft of, damage to, and destruction of
assets; errors and omissions; injuries to employees; and natural disasters. The County has transferred its
risk by obtaining coverage from commercial insurance companies. In addition, it has effectively
managed risk through various employee education and prevention programs. There has been no
significant reduction in insurance coverage from the previous year.

NOTE 10-2002 BOND PROPOSITIONS

On April 2, 2002, the Taney County Regional Sewer District passed a $30,000,000 bond issue for the
purpose of extending and improving the sewage system of the District. The Capital Improvement Sales
Tax passed by voters on April 4, 2000, has been pledged for the repayment of these bonds. As of
December 31, 2012, only 15,590,000 of these bonds have been issued.

32
 TANEY COUNTY, MISSOURI
NOTES TO FINANCIAL STATEMENTS
December 31, 2012

NOTE 11—CAPITAL ASSETS—TANEY COUNTY REGIONAL SEWER DISTRiCT
Capital asset activity for the year ended December 31, 2012, was as follows:

Balance Balance
December 31, 2011 Additions Deletions December 31, 2012
Non-depreciable Capital Assets:
Land $ 106,576 $ -- $ -- $ 106,576

Construction in Progress 452,231 1,952,460 452,231
Total Non-depreciable Capital
Assets 1,672,058 1,952,460 1,672,058

Depreciable Capital Assets

Sewer System 61,319,356 -- 61,319,356

Equipment 252,090 _ _
252,090
Total Depreciable Assets 59,989,286 59,989,286

Less Accumulated Depreciation:
Sewer System 10,913,311 2,043,978 12,957,289

Equipment 175,796 17,407 193,203
Total Depreciation 9,074,216 $2,061,385 $ -- 13,150,492

Net Depreciable Capital Assets 50,915,070 48,420,954

Total Capital Assets $52,587,128 $50,932,221

33
 TANEY COUNTY, MISSOURI
NOTES TO FINANCIAL STATEMENTS
December 31, 2012

NOTE 12—INTER - FUND TRANSFERS
Inter-fund transfers for the year ended December 31, 2012, consisted of the following:

Transfers In (Out)
General Fund $ 592,092
Road and Bridge Trust Fund (45,582)
Road and Bridge Fund 39,126
Assessment Fund 75,000
Tax Maintenance Fund (130,000)
E-911 Fund (232,132)
Prosecuting Attorney Bad Check Fund (85,600)
Recorder User Fee Fund (54,871)
Land Sales Fund (27,474)
Elections (55)
County Fines (267,066)
Unclaimed Funds 9526
School Funds 294,480
Sewer Fund (69,974)
TOTAL $

Transfers are used to (1) move receipts from the fund that statute or budget requires to collect the fees
to the fund that statute or budget requires to disburse the income, and (2) use unrestricted receipts in
the General Fund to finance various problems accounted for in other funds in accordance with
budgetary authorizations.

NOTE 13—JUDICIAL FACILITY RESERVE FUND

A Reserve Fund is established pursuant to the Indenture and is required to be funded on the date of
initial delivery of the Series 2006 Certificates in an amount equal to $1,926,000 (the "Reserve
Requirement"). Money in the Reserve Fund may be used solely (a) to make up any deficiencies in the
Certificate Payment Fund and, If the money in the Certificate Payment Fund is insufficient to pay the
principal component or the interest component of the Base Rentals as the same become due, the
Trustee is required to transfer from Reserve Fund to the Certificate Payment Fund an amount sufficient
to make up such deficiency or (b) to make Base Rentals or to make deposits to the Certificate Payment
Fund to make such payments, in the amounts and at the times specified in a written request of the
County given to the Trustee. If the Trustee receives any such request, the Trustee must transfer the
amount specified therein on the date or dates specified therein. As of December 31, 2012 the Reserve
Account balance was $1,969,223.

34

• &
 TANEY COUNTY, MISSOURI
NOTES TO FINANCIAL STATEMENTS
December 31, 2012

NOTE 14-COMMITMENTS

At December 31, 2012, the County was committed to the following contracts:
• Sewer improvement project for the Village of Bull Creek in the amount of $208,000.
• Animal Control Services from the Taney County Health Center for $204,550,
• 30.16% of the cost of the Ozarks Regional Juvenile Detention Center.
• Provide $8,800 to the Women's Crisis Center of Taney County.
® Improvements to the City of Forsyth Wastewater Treatment Facility totaling $36,360.

NOTE 15—COMM ITM ENTS-“TANEY COUNTY REGIONAL SEWER DISTRICT

The District was committed to contracts for sewer system additions and improvements with Rosetta
Construction, LLC in the amount of $724,591, and Great River Associates in the amount of $26,100, as of
December 31, 2012.

35
 Taney County Missouri

December 31,2012

REQUIRED SUPPLEMENTARY INFORMATION
 TANEY COUNTY. MISSOURI
STATEMENT OF REVENUES COLLECTED, EXPENDITURES PAID AND CHANGES IN FUND BALANCE ■BUDGET AND ACTUAL
GENERAL FUND
YEAR ENDED DECEMBER 31, 2012

Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
REVENUES COLLECTED
Ta»ss S 3,160,800 $ 8,160,800 S 8,395,903 $ 235,103
Licenses and Permits 146,000 146,000 64,304 (81,636)
Intergovernmental Revenues 1,144,820 1,144,820 1,144,820 „
Fees and Charges 2.848,250 2,848,250 3,462,745 614,495
Miscellaneous 28B,00Q 288,000 393,635 105,635
TOTAL REVENUES COLLECTED 12,507.870 12,587,870 13,461,407 873.537

EXPENDITURES PAID
General Government
University Extension 45.033 45,033 44,376 (57)
Collector of Revenue 233,032 233,032 231,447 (1,585)
Treasurer 84,460 84,480 91,112 6,632
Recorder of Deeds 259,437 259.437 256,509 (2,928)
County Commission 219,650 21S.650 189,436 (30,184)
Employee Benefits 1.144,457 1,144.457 1,179,021 34,554
information Technology 380,061 389.061 330,033 (59,028)
Planning and Zoning 200,502 200,502 201,060 558
Election and Voter Registration 45,033 45,033 44,976 (57)
County Clerk 123,752 123,752 131,578 7,826
Auditor 141,222 141,222 138,057 (3,165)
Building and Grounds 760,372 760,372 461,705 (298,667)
Purchasing 30,200 30,200 27,672 i'2,528)
TOTAL 3,676,231 3.676,231 3,327,612 (348.619)
Judicial
Court Administration 47,000 47,000 48,690 1,690
Circuit Clerk 95,194 95,134 93,041 (2.153)
Circuit Judge 59,114 59.114 60,852 1,738
Coroner 41,830 41,830 55,983 14,153
Court Reporter 4,865 4,865 444 (4,421)
Public Adminisiiator 93,298 93,298 91,029 (2,269)
Juvenile 126,821 126,621 125,075 (1,546)
Prosecuting Attorney 531,645 531.645 556,267 24,622
TOTAL 999,567 999,567 1,031,361 31,814

Public Safety
Sheriff 1,794,801 1,794,801 1,674,413 (120,388)
Jan 1,180,616 1,160,616 1,119,337 (61,279)
Animal Control 180,895 180,895 209,375 28,480
Emergency Management 49,390 49.390 40,345 (9,045)
TOTAL 3.205.702 3,205,702 3.043,470 (162.232)

Other
Public Works
Sewer 25,644,521 25,644,521 4,952,773 (20,681,748)
Airport 581.542 581,542 539,592 (41,950)
Debt Service
Principal and Interest 1,454,000 1,454,000 1.439.270 (14,730)
TOTAL OTHER EXPENSES 27,680,053 27,680,063 6.941,635 (20,738,428)

TOTAL EXPENDITURES PAID 35,561,563 35,581,563 14,344,098 (21.217.465)

Excess (Deficit) of Revenues Collected
Over Expenditures Paid (22,973,693) (22,973,693) (882,691) 22,091,002

OTHER FINANCING SOURCES (USES)
Operating Transfers in (out)
Transfers In 450,000 450,000 676,618 226,618
Transfers Out (100,000) (100,000) (97,530) 2.470
TOTAL OTHER FINANCING SOURCES (USES) 350,000 350,000 579,088 229,088

Excess (Deficit) of Revenues Collected
over Expenditures Paid and Other
Sources (Uses) $ (22,623,693) $ (22,623.693) (303,603) $ 22,320.090

Fund Balance, Beginning of Year, Restated 10.118.428

Fund Balance, End of Year, Restated S 9,814,825

The Accompanying Notes are an integral Part of these Financial Statements.
36
 TANEY COUNTY, MISSOURI
REQUIRED SUPPLEMENTARY INFORMATION
STATEMENT OF REVENUES COLLECTED, EXPENSES PAID AND
CHANGES IN FUND BALANCE - BUDGET TO ACTUAL
YEAR ENDED DECEMBER 31, 2012

ROAD AND BRIDGE FUND
Budgeted Amounts__________
Variance with
Fina! Budget
Positive
Original Fina! Actual Amounts (Negative)
REVENUES COLLECTED
Taxes $ 6,802,000 $ 6,602,000 $ 7,055,054 $ 253,054
Intergovernmental 382,500 382,500 592,921 210,421
Other Receipts 935,300 935,300 1,058,601 123,301

Total Revenues Collected 8,119,800 8,119,800 8,706,576 586,776

EXPENDITURES
Highway & Roads 10,705,607 10,705,607 6,967,934 (3,737,673)

Total Expenditures 10,705,607 10,705,607 6,967,934 (3,737,673)

REVENUES OVER (UNDER) EXPENDITURES (2,585,807) (2,585,807) 1,738,642 4,324,449

OTHER FINANCING SOURCES
Transfers in 25,000 25,000 43,822 18,822
Transfers Out (25,000) (25,000) (4,697) 20,303

Total Other Financing Sources » 39,125 39,125

NET CHANGE IN FUND BALANCE $ (2,585,807) $ (2,585,807) 1,777,767 $ 4,363,574

FUND BALANCE, Beginning of Year 7,597,150

FUND BALANCE, End of Year $ 9,374,917

The Accompanying Notes are an Integral Part of these Financial Statements.
37
 Taney County, Missouri

December 31,2012

OTHER FINANCIAL INFORMATION
 TANEY COUNTY, MISSOURI
OTHER FINANCIAL INFORMATION
COMBINING SCHEDULE OF ASSETS, LIABILITIES, AND FUND BALANCES
ARISING FROM MODIFIED CASH TRANSACTIONS
DECEMBER 31,2012

NON-MAJOR SPECIAL REVENUE FUNDS, pg 1 of 3

Local
Election Inmate Emergency Law Prosecutor E-911
Assessment Services Security Planning Enforcement Training Telephone
Fund Fund Fund Commission Training Fund Fund Fund
ASSETS
Cash and Investments $ 32,491 $27,147 $5,414 $ 9,217 $ 751 $ 4,798 $404,724

Total Assets $ 32,491 $27,147 $5,414 $ 9,217 $ 751 $ 4,798 $404,724

LIABILITIES AND FUND BALANCES

Liabilities
Due to Other Funds $ $ - $ - $ $ $ $

Total Liabilities . -

Fund Balances
Unreserved
Special Revenue Funds 32,491 27,147 5,414 9,217 751 4,798 404,724

Total Fund Balances 32,491 27,147 5,414 9,217 751 4,798 404,724

Total Liabilities and Fund Balances $ 32,491 $27,147 $5,414 $ 9,217 $ 751 $ 4,798 $404,724

The Accompanying Notes are an Integral Part of these Financial Statements.
39
 TANEY COUNTY, MISSOURI
OTHER FINANCIAL INFORMATION
COMBINING SCHEDULE OF ASSETS, LIABILITIES, AND FUND BALANCES
ARISING FROM MODIFIED CASH TRANSACTIONS
DECEMBER 31,2012

NON-MAJOR SPECIAL REVENUE FUNDS, pg 2 of 3

Prosecutor Prosecutor Drug Sheriff
Sheriff Civil Collector’s Bad Check Recorder Tech Delinquent Forfeiture Revolving
Fees Fund Fund Fund Fund T ax Fund Fund Fund
ASSETS
Cash and Investments $ 74,900 $166,984 $ 119,474 $ 295,985 $ 90,421 $ 1,599 $64,894

Total Assets $ 74,900 $166,984 $ 119,474 $ 295,985 $ 90,421 $ 1,599 $64,894

LIABILITIES AND FUND BALANCES

Liabilities
Due to Other Funds $ $ $ $ $ $ - $ -

Total Liabilities .

Fund Balances
Unreserved
Special Revenue Funds 74,900 166,984 119,474 295,985 90,421 1,599 64,894

Total Fund Balances 74,900 166,984 119,474 295,985 90,421 1,599 64,894

Total Liabilities and Fund Balances $ 74,900 $166,984 $ 119,474 $ 295,985 $ 90,421 $ 1,599 $64,894

The Accompanying Notes are an Integral Part of these Financial Statements.
40
 TANEY COUNTY, MISSOURI
OTHER FINANCIAL INFORMATION
COMBINING SCHEDULE OF ASSETS, LIABILITIES, AND FUND BALANCES
ARISING FROM MODIFIED CASH TRANSACTIONS
DECEMBER 31, 2012

NON-MAJOR SPECIAL REVENUE FUNDS, pg 3 of 3

Domestic Senior TOTAL NON-MAJOR
Vest Grant Violence Services GOVERNMENTAL
Fund Fund Fund FUNDS
ASSETS
Cash and Investments $ 4,401 $ 9,778 $ 532,317 $ 1,845,295

Total Assets $ 4,401 $ 9,778 $ 532,317 $ 1,845,295

LIABILITIES AND FUND BALANCES

Liabilities
Due to Other Funds $ $ $ $

Total Liabilities

Fund Balances
Unreserved
Special Revenue Funds 4,401 9,778 532,317 $ 1,845,295

Total Fund Balances 4,401 9,778 532,317 $ 1,845,295

Total Liabilities and Fund Balances $ 4,401 $ 9,778 $ 532,317 $ 1,845,295

The Accompanying Notes are an Integral Part of these Financial Statements.
41
 TANEY COUNTY, MISSOURI
OTHER FINANCIAL INFORMATION
COMBINING SCHEDULE OF REVENUES. EXPENSES, AND CHANGES IN FUND BALANCE
NON-MAJOR SPECIAL REVENUE FUNDS
DECEMBER 31,2012
pg 1 of 3

Local
Emergency Law E-911
Assessment Election Inmate Planning Enforcement Prosecutor Telephone
Fund Services Fund Security Fund Commission Training Fund Training Fund Fund
REVENUES
Taxes $ ;- $ - $ 4,532 $ - $ - $ - $562,994
Fees & Fines 994 6,922 1,181
Intergovernmental 487,137 46,500 - 4,274
Miscellaneous 4,035 _________ 316 __________ 48_ ________ 100 96 . 56 3,320
Total Revenues 492.165 46,815 _______ 4 ,5 8 0 / 4,374 - _______ 7,018 _______ 1,237"/ 566,314 /

EXPENSES
General Government 47,046 2,398
Tax Administration 622,291
Public Safety & Judicial 5,039 16,062 1,345 687,690
Debt Service _________-
Total Expenses 622,291 47.046" j ...........2,39*8" ' 5,039~ "16,062 ■ 1,345~ 687.690/

Excess (Deficiency) of Revenues over Expenses (130,126) ________ (230) ________2,182 (665) (9,044) ________ (108),/ (121,376)

OTHER FINANCIANG SOURSES (USES)
Transfers In 75,000 - - - - - -
Transfers Out
Total Other Financing Sources 75,000 - - - - -

Net Change in Fund Balances (55,126) (230) 2,182 (665) (9,044) (108) (121,376)

Fund Balance, Beginning 87,617 27,377 3,232 9,882 9.795 4,906 526,100

Fund Balance, Ending $ 32,491 $ 27,147 $ 5,414 / $ 9,217 $ 751 $ 4,798 / $404,724 /

The Accompanying Notes are an Integral Part of these Financial Statements.
42
 TANEY COUNTY, MISSOURI
OTHER FINANCIAL INFORMATION
COMBINING SCHEDULE OF REVENUES, EXPENSES, AND CHANGES IN FUND BALANCE
NON- MAJOR SPECIAL REVENUE FUNDS
DECEMBER 31, 2012
pg 2 of 3

Prosecutor Prosecutor Sheriff
Sheriff Civil Collector’s Bad Check Recorder User Deliquent Tax Sheriff Drug Revolving
Fees Fund Fund ___ Fund Fund Fund Forfiture Fund Fund
REVENUES
Taxes $ $ $ - $ - $ $ - $ -
Fees & Fines 50,000 143,327 27,552 66,743 7,535 39,077
Intergovernmental - - - - - 9,041 -
Miscellaneous 4,058 2,121 , 1,939 4,836 1,292 , 397 708
Total Revenues 5 4 ,0 5 8 / 145,448 29,491 / 71.580 8,828 / 9 ,4 3 9 / 39,785 /

EXPENSES
General Government - - 152,295 -
Tax Administration - 229,642 -
Public Safety & Judicial 162,069 - 101,155 - 24,878 42,794 32,410
Debt Service __________ - , __________ - __________ - . __________ ■ __________ - __________ - __________ -
Total Expenses 162,069 ’/ 229,642 101,155 152,295 24,678 / 42.794 / 32,410

Excess (Deficiency) of Revenues over Expenses (106,011)-/ ______ (84.194) ■/ ______ (71,664) ______ (80,715) ______ (16,050) ______ (33,355)-/ ________ 7,375

OTHER F1NANCIANG SOURSES (USES)
Transfers In -
Transfers Out __________ - __________- __________ - ________ - __________ - __________ - __________ -
Total Other Financing Sources __________ - . ' _______' __________ - __________ - -

Net Change in Fund Balances (108,011) _____ (84,194) ______ (71,664) _____ (80,715) _____ (16,050) ______ (33,355) ________ 7.375

Fund Balance, Beginning 182,911 251,178 191,138 376,700 106,471 _______ 34,954 _______ 57,519

Fund Balance, Ending $ 74,900 S 166,984 $ 119,474 $ 295,985 $ 90.421 $ 1,599 / $ 64,894

The Accompanying Notes are an Integral Part of these Financial Statements.
43
 TANEY COUNTY, MISSOURI
OTHER FINANCIAI INFORMATION
' COMBINING SCHEDULE OF REVENUES, EXPENSES, AND CHANGES IN FUND BALANCE
NON- MAJOR SPECIAL REVENUE FUNDS
DECEMBER 31,2012
pg 3 of 3

TOTAL NON­
MAJOR
Vest Grant Domestic Senior GOVERNMENTAL
Fund Violence Fund Services Fund FUNDS
REVENUES
Taxes $ - $ - $ 490,490 $ 1,058.016
Fees & Fines - 8,714 - 352,045
Intergovernmental 4,304 - - 551,256
Miscellaneous ______ 30 ___________6 3 _ , ________ 7,653 ___________ 31,067
Total Revenues 4,334 ________ 8,777 498,143 ________ 1,992,364

EXPENSES
General Government - - 423,208 624,946
Tax Administration - 851,932
Public Safety & Judicial 2,820 8,996 - 1,085,157
Debt Service __________ - __________ - __________ - , ______________ :___
Total Expenses 2,820 ________ 8,896 423,208 _________ 2.562,035

Excess (Deficiency) of Revenues over Expenses _____________________________________________________________________ 1,514 __________ (119) __________ 74,935 __________ (56

OTHER FINANC1ANG SOURSES (USES)
Transfers in - - - 75,000
Transfers Out _________ j i _ ______ - __________ - . ______________ -
Total Other Financing Sources __________ - __________ - __________ - __________ 75,000

Net Change in Fund Balances ________ 1,514 ______ (119) _______ 74,935 _________ (494,651)

Fund Balance, Beginning _______ 2,887 ________ 9,897 457.378 2.339,942

Fund Balance, Ending $ 4,401 $ 9,778 $ 532,313 $ 1,845,291

The Accompanying Notes are an Integral Part of these Financial Statements.
44