2019 Audit Report

Taney County, Missouri
Basic Financial Statements
Year Ended December 31, 2019
 T a b le o f C o n te n ts
Independent Auditors' Report.............................................................................................................................................. 3
Management's Discussion and Analysis............................................................................... ................................................6
Basic Financial Statements
Statement of Net Position - Modified Cash Basis.................................................................... ..................................... 12
Statement of Activities - Modified Cash Basis..................................................... ........... ............ .............................. 13
Balance Sheet - Governmental Funds - Modified Cash Basis................ ....................................................................16
Statement of Receipts, Disbursements and Changes in Fund
Balance - Governmental Funds - Modified Cash Basis.......................... ................................. ..................................... 17
Statement of Net Position - Proprietary Fund - Modified Cash Basis...........................................................................18
Statement of Receipts, Disbursements and Changes in Net
Position - Proprietary Fund - Modified Cash Basis................................ ......... ............ .............................................. 19
Statement of Cash Flows - Proprietary Fund - Modified Cash Basis................................. ................................... ......20
Statement of Assets and Liabilities - Agency Funds - Modified Cash Basis................................................................ 21
Notes to the Basic Financial Statements.......................... ............. .......................... ................................................... 24
Supplementary Information
Budgetary Comparison Schedule - General Fund - Modified Cash Basis......................................................................44
Budgetary Comparison Schedule - Road and Bridge Trust Fund -
Modified Cash Basis.................................. .................... ..... ............. ............. ............................................................. 46
Budgetary Comparison Schedule - Road and Bridge Fund -
Modified Cash Basis.................................................... ............................................ ..... ............................................... 47
Budgetary Comparison Schedule - Law Enforcement Sales Tax Fund -Modified Cash Basis....................................... 48
Budgetary Comparison Schedule - County Sewer Sales Tax Fund -Modified Cash Basis............................................. 49
Note to the Budgetary Comparison Schedules.......................... .................... ............. ............................................... 50
Other Reporting Requirements
Combining Statement of Assets and Fund Balances -
Non-Major Special Revenue Funds - Modified Cash Basis........................................................................................... 52
Combining Statement of Receipts, Disbursements, and Changes in Fund Balance -
Non-Major Special Revenue Funds - Modified Cash Basis...................................................... .................................... 54
Independent Auditors’ Report on Internal Control over Financial Reporting
and on Compliance and other Matters Based on an Audit of Financial
Statements Performed in Accordance with Government Auditing Standards.............................................................. 56

2
 C PAS & A D V I S O R S

Independent Auditors' Report

Taney County Commission
Taney County
Forsyth, Missouri

Report on Financial Statements
We have audited the accompanying financial statements of the governmental activities, business-type activities, the
discretely presented component units, each major fund, and the aggregate remaining fund information of Taney County,
Missouri, as of and for the year ended December 31, 2019, and the related notes to the financial statements, which
collectively comprise the County's basic financial statements as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with the
modified cash basis of accounting described in Note 1; this includes determining that the modified cash basis of accounting
is an acceptable basis for the preparation of the financial statements in the circumstances. Management is also responsible
for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of
the financial statements that are free from material misstatement, whether due to fraud or error.
Auditors' Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in
accordance with auditing standards generally accepted in the United States of America and the standards applicable to
financial audits contained in the Government Auditing Standards, issued by the Comptroller General of the United States.
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditors' 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 controi relevant to the County's preparation and fair 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 of
the effectiveness of the County's internal control.
Accordingly, we 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, as weil as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

www.kpmcpa.com
1445 E. Republic Road Springfield, MO 65804 | 417-882-4300 | fax 417-882-4343

3
Opinions
In our opinion, the financial statements referred to above present fairly, in all materia! respects, the respective modified
cash basis financial position of the governmental activities, business-type activities, the discretely presented component
units, each major fund and the aggregate remaining fund information, as of December 31, 2019, and the respective
changes in modified cash basis financial position and cash flows thereof where applicable, for the year then ended in
accordance with the basis of accounting described in Note 1.
Basis of Accounting
As described in Note 1, Taney County prepares its financial statements on the modified cash basis, which is a
comprehensive basis of accounting other than accounting principles generally accepted in the United States of America.
Our opinion is not modified with respect to this matter.
Disclaimer of Opinion on Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise Taney
County, Missouri's basic financial statements. The Management's Discussion and Analysis and budgetary comparison
information, which are the responsibility of management, are presented for purposes of additional analysis and are not
required parts of the basic financial statements. Such information has not been subjected to the auditing procedures
applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any
assurance on it.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise Taney
County, Missouri's basic financial statements. The Combining Nonmajor fund financial statements are presented for
purposes of additional analysis and are not a required part of the basic financial statements.
The Combining Nonmajor fund financial statements are the responsibility of management and were derived from 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 financial statements themselves, and
other additional procedures in accordance with auditing standards generally accepted in the United States of America. In
our opinion, the Combining Nonmajor fund financial statements are fairly stated in all material respects in relation to the
basic financial statements as a whole.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated June 16, 2020, on our
consideration of Taney County's internal control over financial reporting and on our tests of its compliance with certain
provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to
describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing,
and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part
of an audit performed in accordance with Government Auditing Standards in considering Taney County's internal control
over financial reporting and compliance.

KPftt
KPM CPAs, PC
Springfield, Missouri
June 16, 2020

4
Management's Discussion & Analysis
 Taney County
Management's Discussion and Analysis
Year Ended December 31, 2019

Our discussion and analysis of Taney County's financial performance provides an overview of the County's financial
activities for the year ended December 31,2019, 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 position of the County decreased by $506,807.

The fund balance for the General Fund decreased by $1,044,644.

The total increase between both Road and Bridge Funds was $652,499.

In 2019 Taney County received sales tax revenues that exceeded the projections for the budget year.

In 2019 Taney County focused their attentions on employee retention through cost of living increases and continuance of
full benefits and the retirement program for its employees.

The Taney County Airport experienced significant upgrades and improvements in 2019, thereby requiring funds for an
important asset.

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

Report Components
Government-Wide Financial Statements
The Statement of Net Position and the Statement of Activities provide information about the activities of the 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 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 government-wide and fund financial statements and
provide expanded explanation and detail regarding the information reported in the statements.

Supplementary Information
This Management's Discussion and Analysis, pension information and the budgetary comparison schedules represent
additional financial information. 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").

6
 Taney County
Management's Discussion and Analysis
Year Ended December 31, 2019

Other Reporting Requirements
This part of the annual report includes optional financial information, which includes the combining statements for the
County's nonmajor funds and reports required by the Federal Government. This other financial information is provided to
address certain needs of 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 when financial 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 relates 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 billed or services provided not yet coilected) and liabilities and their reiated expenses (such as accounts payable
and expenses 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 annual 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 Position and the Statement of Activities
One of the most important questions asked about the County's finances is, "is the County as a whole better off or worse
off as a result of the year's activities?". The Statement of Net Position and the Statement of Activities report information
about 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 position and changes in it. Overtime, increases and decreases in the County's net
position are one indicator of whether its financial health is improving or deteriorating. However, the reader will need to
, consider other non-financial factors, such as changes in the County tax base, and the condition of the County's facilities,
to assess the overall health of the County.

The Statement of 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
The fund financial statements 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 in 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 County's general government operations

7
 Taney County
Management's Discussion and Analysis
Year Ended December 31, 2019

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 other units of the County - these services are generally reported in proprietary funds.

Financial Analysis of the County as a Whole
Net Position - Modified Cash Basis
December 31; ____
2019 2018
Assets
Cash and investments $ 35,310,796 $ 35,817,603
Total Assets $ 35,310,796 $ 35,817,603

Net Position
Restricted $ 28,650,708 $ 28,793,633
Unrestricted 6,660,088 7,023,970
Total Net Position $ 35,310,796 $ 35,817,603

8
 Taney County
Management's Discussion and Analysis
Year Ended December 31, 2019

Changes in Net Position - Modified Cash Basis
Year Ended December 31,
2019 2018
Receipts
Program Receipts
Charges for services $ 6,172,776 $ 5,811,341
Operating grants and contributions 158,202 146,041
Capital grants and contributions 1,214,919 216,508

General Receipts
Sales tax receipts 27,210,904 26,176,945
Motor vehicle sales tax 1,356,780 1,330,343
Other taxes 796,250 827,156
Interest 590,661 551,567
Other receipts 432,410 372,170
Total Receipts 37,932,902 35,432,071

Disbursements
General government 6,848,914 6,849,028
Judicial 1,292,248 1,363,872
Public safety 6,029,380 6,077,604
Public works 50,000 50,000
Highway and roads 9,118,274 11,740,446
Airport 1,674,469 490,412
Sewer 9,288,524 12,250,108
Debt service 1,529,690 1,508,869
Other 1,219,889 1,166,168
Transfer station 1,388,321 2,109,191
Total Disbursements 38,439,709 43,605,698
(Decrease) in Net Position $ (506,807) $ (8,173,627)

Overall receipts of the County increased by $2,500,831 the prior year. Tax revenues were up $1,029,490 and charges for
services were up $361,435. Overall disbursements of the County were down $5,165,989.

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 $1,044,644 for the year ended December 31, 2019.
• The Road and Bridge Trust Fund increased by $671,606.

9
 Taney County
Management's Discussion and Analysis
Year Ended December 31, 2019

• The Law Enforcement Sales Tax Fund decreased by $113,188, which decreased the fund balance to $1,122,971 as
of December 31, 2019.
• County Sewer Sales Tax Fund decreased $816,658, which decreased the fund balance to $14,237,190. The County
expects to see this balance decrease dramatically in the near future due to several major projects planned in the
near future.

Financial Analysis Budget Versus Actual Results - General Fund
____________ Budget
Original Final Actual
Receipts
Taxes $ 8,520,991 $ 8,520,991 $ 8,520,108
Commissions 800,000 800,000 753,500
Licenses and permits 85,500 85,500 84,709
Intergovernmental receipts 1,139,000 1,139,000 1,093,472
Fees and charges 2,322,500 2,238,500 1,934,259
Other 246,750 246,750 261,727
Total Receipts $ 13,114,741 $ 13,030,741 $ 12,647,775

Disbursements
General government $ 6,267,189 $ 6,267,189 $ 6,011,557
judicial 1,358,039 1,358,039 1,228,229
Public safety 4,713,639 4,713,639 4,617,315
Public works 50,000 50,000 50,000
Other 2,585,200 2,585,200 1,219,889
Airport 1,656,130 1,656,130 1,674,469
Total Disbursements $ 16,630,197 $ 16,630,197 $ 14,801,459

The County has always budgeted so that if there is a need that arises they are covered without having to revisit the budget
process. The Commission has determined to do a better job of budgeting what we will have as a fund balance to carry
forward, but there are several of the minor funds that are controlled by other elected officials and it makes sense to
budget and appropriate the entire amount in those funds in case they are needed by those officials. We, as a County, have
done a better job of applying expenses when they are actually expended instead of using a contingency fund as an expense
line. This should make the County's budget more accurate and help the County use it as a tool for controls.

10
 Taney County
Management's Discussion and Analysis
Year Ended December 31, 2019

Economic Factors and Next Year's Budget
Taney County's economy saw improvement through sales tax in 2019. The County has made capital improvements to
assist in the economic growth of the County, Although, with economic growth comes the need for more improvements in
the county including sewer and capital improvement projects, and law enforcement and jail expenditures.

The Taney County administration has the task of keeping the County in good financial condition. There is a realization
that there are good reserves in most funds, but also the realization that the services needed will be more costly.

The COVID-19 pandemic has and will continue to impact Taney County's Budget for 2020, just how detrimental is
unforeseen at this time. Major issues include the COVID-19 pandemic and how it will affect future operations, the
increasing health costs, and more costly law enforcement. The healthcare costs and Jaw enforcement costs are necessary,
but make keeping the appropriate balances difficult. The sewer capital improvements will cause our total balance to be
lower but will provide needed services to many constituents.

Contacting the County's Financial Management
You may contact the Auditor's office at P.O. Box 1606, Forsyth, MO 65653 for more information. The phone number to
contact is 417-546-7215.

11
 Taney County
Statement of Net Position - Modified Cash Basis
December 31, 2019

Primary Government Component Units
Taney County Develop- Dorgan-Weaver
Governmental Business-Type Regional Taney County mentalfy Housing Co mbs- Redfern Tantone
Activities Activities Total Sewer District Health Center Disabled Board Corporation Apartments Inc. Industries Inc. Dignity Now Inc.
Assets
Cash and investments $ 34,203,241 S 1,107,555 $ 35,310,796 $ 4,124,489 $ 1,418,336 $ 994,202 $ 95,025 $ 54,658 $ 107,766 $ 61,974
Total Assets $ 34,203,241 $ 1,107,555 $ 35,310,796 $ 4,124,439 $ 1,418,336 $ 994,202 $ 95,025 $ 54,658 $ 107,766 $ 61,974

Net Position
Restricted $ 28,650,708 $ $ 28,650,708 $ 1,724,027 $ 31,461 $ $ 84,120 $ 41,307 $ $
Unrestricted ' 5,552,533 1,107,555 6,660,088 2,400,462 1,386,875 994,202 10,905 13,351 107,766 61,974
Total Net Position $ 34,203,241 $ 1,107,555 $ 35,310,796 $ 4,124,489 $ 1,418,336 $ 994,202 $ 95,025 $ 54,658 $ 107,766 $ 61,974

See accompanying notes to the financial statements.
12
 Taney County
Statement of Activities - Modified Cash Basis
Year Ended December 31, 2019

Primary Government
Net (Disbursements), Receipts
Program Receipts and Changes in Net Position
Operating Capital
Charges Grants and Grants and Governmental Business-Type
Functions/Programs Disbursements for Services Contributions Contributions Activities Activities Total
Primary Government
Governmental Activities
General government $ (6,848,914) $ 2,594,508 $ 18,337 $ $ (4,236,069) $ $ (4,236,069)
Judicial (1,292,248) 190,735 57,079 - (1,044,434) - (1,044,434)
Public safety (6,029,380) 947,287 29,269 - (5,052,824) - (5,052,824)
Public works (50,000) - - - (50,000) - (50,000)
Highway and roads (9,118,274) 37,785 53,517 223,781 (8,803,191) - (8,803,191)
Airport (1,674,469) 470,593 - 991,138 (212,738) - (212,738)
Sewer (9,288,524) - - - (9,288,524) - (9,288,524)
Debt service (1,529,690) - - - (1,529,690) - (1,529,690)
Other (1,219,889) - - - (1,219,889) - (1,219,889)
Total Governmental Activities (37,051,388) 4,240,908 158,202 1,214,919 (31,437,359) - (31,437,359)

Business-Type Activities
Transfer station (1.388.321) 1,931,868 543.547 543.547
Total Business-Type Activities (1.388.321) 1,931,868 543.547 543.547
Total Primary Government $ (38,439,709) $ 6,172,776 158,202 $ 1,214,919 (31,437,359) 543.547 (30,893,812)

See accompanying notes to the financial statements.
13
 Taney County
Statement of Activities - Modified Cash Basis
Year Ended December 31, 2019

Primary Government
Net (Disbursements), Receipts
Program Receipts and Changes in Net Position
Charges Operating Capital Business-
for Grants and Grants and Governmental Type
Disbursements Services Contributions Contributions Activities Activities Total
Component Units
Taney County Regional Sewer District $ (8,206,882) $ 1,878,517 $ $ 6,409,951
Taney County Health Center (3,185,469) 753,552 819,148 -
Developmental^ Disabled Board (3,192,213) 1,994,647 3,869 -
Dorgan-Weaver Housing Corp. (58,612) 67,787 _ -
Combs-Redfern Apartments Inc. (63,239) 68,767 - -
Tantone Industries, Inc. (785,351) 349,913 440,353 -
Dignity Now, Inc. (4,148) - 5,220 -
Total Component Units $ (15,495,914) $ 5,113,183 $ 1,268,590 $ 6,409,951

General Receipts and Transfers
Ad valorem taxes - - -
Sales taxes 27,210,904 - 27,210,904
Motor vehicle sales taxes and gas taxes 1,356,780 - 1,356,780
Other taxes 796,250 - 796,250
Interest 578,028 12,633 590,661
Other receipts 265,837 166,573 432,410
Transfers 80,265 (80,265) -
Total General Receipts and Transfers 30,288,064 98,941 30,387,005
Increase (Decrease) in Net Position (1,149,295) 642,488 (506,807)
Net Position, Beginning of year 35,352,536 465,067 35,817,603
Net Position, End of year $ 34,203,241 $ 1,107,555 $ 35,310,796

See accompanying notes to the financial statements.
14
 Taney County
Statement of Activities - Modified Cash Basis
Year Ended December 31, 2019

Component Units
Net (Disbursements), Receipts, and Changes in Net Position

Taney County Develop- Dorgan-Weaver
Regional Taney County mentally Housing Combs-Redfern Tantone
Sewer District Health Center Disabled Board Corporation Apartments Inc. Industries Inc. Dignity Now Inc.
Component Units
Taney County Regional Sewer District $ 81,586 $ - $ - $ - $ - $ - $ -
Taney County Health Center - (1,612,769) - - - - -
Developmentally Disabled Board - - (1,193,697) - - - -
Dorgan-Weaver Housing Corp. - - - 9,175 . - -
Combs-Redfern Apartments Inc. - - - - 5,528 - -
Tantone Industries, Inc. - - - - - 4,915 -
Dignity Now, Inc. - - - - - - 1,072
Total Component Units 81,586 (1,612,769) (1,193,697) 9,175 5,528 4,915 1,072

General Receipts and Transfers:
Ad valorem taxes - 1,545,720 1,104,755 - - - -
Sales taxes - - - - - - -
Motor vehicle sales taxes and gas taxes - - - - - - -
Other taxes - - - - - - -
Interest 105,903 31,941 10,009 186 86 - -
Other receipts 13,661 60,378 34,511 - - - -
Transfers - - - - - - -
Total General Receipts and Transfers 119,564 1,638,039 1,149,275 186 86 - -

Increase (Decrease) in Net Position 201,150 25,270 (44,422) 9,361 5,614 4,915 1,072

Net Position, Beginning of year 3,923,339 1,393,066 1,038,624 85,664 49,044 102,851 60,902
Net Position, End of year $ 4,124,489 $ 1,418,336 $ 994,202 $ 95,025 $ 54,658 $ 107,766 $ 61,974

See accompanying notes to the financial statements.
15
 Taney County
Balance Sheet-Governmental Funds - Modified Cash Basis
December 31, 2019

Special Revenue Funds
Nonmajor Total
General Road & Bridge Road & Bridge Law Enforcement County Sewer Special Revenue Governmental
Fund Trust Fund Fund Sales Tax Fund Sales Tax Fund Funds Funds
Assets
Cash and investments $ 5,115,725 $ 10,386,516 $ 1,688,644 $ 1,122,971 $ 14,237,190 $ 1,652,195 $ 34,203,241
Total Assets $ 5,115,725 $ 10,386,516 $ 1,688,644 $ 1,122,971 $ 14,237,190 $ 1,652,195 $ 34,203,241

Fund Balances
Restricted for:
Road and Bridge $ - $ 10,386,516 $ 1,688,644 $ - $ $ - $ 12,075,160
Public Safety - - - 1,122,971 - 361,340 1,484,311
Sewer - - - - 14,237,190 - 14,237,190
Elections - - - - - 37,378 37,378
Recorder - - - - - 440,808 440,808
Judicial - - - - - 265,185 265,185
Tax maintenance - - - - - 110,676 110,676
Assigned to:
Assessment Fund - - - - - 436,808 436,808
Unassigned 5,115,725 - - - - - 5,115,725
Total Fund Balances $ 5,115,725 $ 10,386,516 $ 1,688,644 $ 1,122,971 $ 14,237,190 $ 1,652,195 $ 34,203,241

See accompanying notes to the financial statements.
16
 Taney County
Statement of Receipts, Disbursements and Changes In Fund Balance - Governmental Funds - Modified Cash Basis
Year Ended December 31, 2019

Special Revenue Funds
Road and Road and Law County Sewer Nonmajor Total
General Bridge Bridge Enforcement Sales Tax Governmental Governmental
Fund Trust Fund Fund Sales Tax Fund Fund Funds Funds
Receipts
Taxes $ 8,520,108 $ 8,478,618 $ 1,356,780 $ 2,081,113 $ 8,324,703 $ 602,612 $ 29,363,934
Collector’s commission 753,500 - - - - - 753,500
Licenses and permits 84,709 - - - - - 84,709
Intergovernmental receipts 1,093,472 223,781 53,517 - - 15,504 1,386,274
Fees and charges 1,934,259 - - - - 1,370,682 3,304,941
Other 261,727 274,440 54,934 13,162 247,134 77,073 928,470
Total Receipts 12,647,775 8,976,839 1,465,231 2,094,275 8,571,837 2,065,871 35,821,828

Disbursements
General government 6,011,557 - - - - 837,357 6,848,914
Judicial 1,228,229 - - - - 64,019 1,292,248
Public safety 4,617,315 - - 677,773 - 734,292 6,029,380
Public works 50,000 - - - - - 50,000
Airport 1,674,469 - - - - - 1,674,469
Other 1,219,889 - - - - - 1,219,889
Highway and roads - 7,990,062 1,128,212 - - - 9,118,274
Sewer - - - - 9,288,524 - 9,288,524
Debt service - - - 1,529,690 - - 1,529,690
Total Disbursements 14,801,459 7,990,062 1,128,212 2,207,463 9,288,524 1,635,668 37,051,388

Excess (Deficit) of Receipts over Disbursements (2,153,684) 986,777 337,019 (113,188) (716,687) 430,203 (1,229,560)

Other Financing Sources (Uses)
Operating transfers in (out) 1,109,040 (315,171) (356,126) - (99,971) (257,507) 80,265
Total other Financing Sources (Uses) 1,109,040 (315,171) (356,126) - (99,971) (257,507) 80,265

Excess (Deficit) of Receipts and other Sources
(1,044,644) 671,606 (19,107) (113,188) (816,658) 172,696 (1,149,295)
over Disbursements and other (Uses)

Fund Balance, January 1 6,160,369 9,714,910 1,707,751 1,236,159 15,053,848 1,479,499 35,352,536
Fund Balance, December 31 $ 5,115,725 $ 10.386,516 $ 1,688,644 $ 1,122,971 $ 14,237,190 $ 1,652,195 $ 34,203.241
See accompanying notes to the financial statements.
17
 Taney County
Statement of Net Position - Proprietary Fund - Modified Cash Basis
December 31, 2019

Proprietary
Fund
Transfer
Station Fund
Assets
Current Assets
Cash and investments $ 1,107,555
Total Assets $ 1,107,555

Net Position
Unrestricted $ 1,107,555
Total Net Position $ 1,107,555

See accompanying notes to the financial statements.
18
 Taney County
Statement of Receipts, Disbursements and Changes in Net Position - Proprietary Fund - Modified Cash Basis
Year Ended December 31, 2019

Proprietary
_____ Fund
Transfer
Station Fund
Operating Receipts
Charges for services $ 1,931,868
Total Operating Receipts 1,931,868

Operating Disbursements
Insurance claims and disbursements 20,731
Salaries and employee benefits 530,212
Supplies 197,683
Telephone and utilities 2,718
Repair and maintenance 118,563
Landfill services 510,153
Other _________ 8,261
Total Operating Disbursements ______1,388,321

Operating Income 543,547

Nonoperating Receipts
Interest receipts 12,633
Other receipts _______ 166,573
Total Nonoperating Receipts _______ 179,206

Income Before Operating Transfers 722,753
Operating transfers (out) _______(80,265)
Net Income 642,488

Net Position, January 1 _______465,067
Net Position, December 31 $ 1,107,555

See accompanying notes to the financial statements.
19
 Taney County
Statement of Cash Flows - Proprietary Fund - Modified Cash Basis
Year Ended December 31, 2019

Enterprise
Fund
Transfer
Station Fund
Cash Flows from Operating Activities
Cash received from customers 2,098,441
Cash paid to suppliers (858,109)
Cash paid to employees (530,212)
Net Cash Provided by Operating Activities 710,120

Cash Flows from Investing Activities
Interest received 12,633
Net Cash Provided by Investing Activities 12,633

Cash Flows from Noncapital Financing Activities
Transfers (to) other funds (80,265)
Net Cash (Used) by Noncapital Financing Activities (80,265)

Net Increase in Cash and Cash Equivalents 642,488

Cash and Cash Equivalents, Beginning of year 465,067
Cash and Cash Equivalents, End of year 1,107,555

Reconciliation of Operating Income to Net Cash Provided by Operating Activities
Operating income 543,547
Adjustments to reconcile operating Income to net cash provided by operating activities:
Other receipts 166,573
Net Cash Provided by Operating Activities 710,120

See accompanying notes to the financial statements.
20
 Taney County
Statement of Assets and Liabilities-Agency Funds - Modified Cash Basis
December 31,2019

Sheriff Cities Financial
Sheriff's Office Sheriff’s Office Sheriff’s Office Commissary Collector of institution Land Sales
Transport Fund General Fund Bond Fund Fund Revenue Fund Tax Fund Surplus Fund
Assets
Cash and investments $ 403 $ 9,011 $ 108 $ 30,196 $ 24,413,061 $ 26,262 $ 197,818
Total Assets $ 403 $ 9,011 $ 108 $ 30,196 $ 24,413,061 $ 26,262 $ 197,818

Liabilities
Due to others $ $ $ 108 $ 30,196 $ $ $
Due to other governments 403 9,011 24,413,061 26,262 197,818
Total Liabilities $ 403 $ 9,011 $ 108 $ 30,196 $ 24,413,061 $ 26,262 $ 197,818

See accompanying notes to the financial statements.
21
 Taney County
Statement of Assets and Liabilities - Agency Funds - Modified Cash Basis
December 31, 2019

Fines and Western Central DSS
Unclaimed Forfeitures Fire Fire P & Z Bonds National Forest Circuit Clerk Supplemental Recorder's User Protest Tax
Fee Fund Fund Fund Fund Fund Fund Fund Fund Fee Fund Account Fund
Assets
Cash and investments $ 41,249 $ 45,308 $ 1 $ 683 $ 158,992 $ 226,718 $ 117,485 $ 710 $ 132,279 $ 444,486
Total Assets $ 41,249 $ 45,308 $ 1 $ 683 $ 158,992 $ 226,718 $ 117,485 $ 710 $ 132,279 $ 444,486

Liabilities
Due to others $ 41,249 $ - $ - $ - $ 158,992 $ - $ - $ - $ $ 444,486
Due to other governments - 45,308 1 683 - 226,718 117,485 710 132,279 -
Total Liabilities $ 41,249 $ 45,308 $ 1 $ 683 $ 158,992 $ 226,718 $ 117,485 $ 710 $ 132,279 $ 444,486

See accompanying notes to the financial statements.
22
 Taney County
Statement of Assets and Liabilities - Agency Funds - Modified Cash Basis
December 31, 2019

Prosecuting
Attorney
Health Center Handicapped Senior Services Bad Check
Fund Fund School Fund Fund Fund Total
Assets
Cash and investments $ 941 $ 670 $ 28,380 $ 619,645 $ 18,724 $ 26,513,130
Total Assets $ 941 $ 670 $ 28,380 $ 619,645 $ 18,724 $ 26,513,130

Liabilities
Due to others $ - $ - $ - $ - $ 18,724 $ 693,755
Due to other governments 941 670 28,380 619,645 - 25,819,375
Total Liabilities $ 941 $ 670 $ 28,380 $ 619,645 $ 18,724 $ 26,513,130

See accompanying notes to the financial statements.
23
 Taney County
Notes to the Financial Statements
December 31,2019

1. Summary of Significant Accounting Policies
Taney County, Missouri (the County) is a county of the 1st ciass and operates under a three-member County Commission.

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 governmental entities. 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 are 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 or the
component unit may provide financial benefits or impose a burden 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, which is governed by a three member county commission. As required by accounting
principles generally accepted in the United States of America, the County has evaluated the above criteria to determine
whether any other entity meets the definition of a component unit and must be included in these financial statements.
The component units discussed beiow are included in the County's reporting entity because of the significance of their
operational or financial relationships with the County.

Component Units
Taney County Health Center
The Taney County Health Center, which is governed by an elected Board of Directors, provides public health services to
the residents of Taney County. The Taney County Health Center is included in the financial statements of the County as a
component unit due to its financial relationship with the County.

The Taney County Health Center issues separate financial statements. The Taney County Health Center's financial
statements may be obtained by contacting the Center at (417) 546-4725.

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.

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. 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.

24
 Taney County
Notes to the Financial Statements
December 31,2019

The Taney County Regional Sewer District issues separate financial statements that may be obtained by calling (417) 546-
7221.

Taney County Board for the Developmentally Disabled d.b.a. Developmental Connections
The Developmentally Disabled Board d.b.a. Developmental Connections, which is governed by a board of directors
appointed by the County Commission, provides disability services to the residents of Taney County. The Developmentally
Disabled Board d.b.a. Developmental Connections is included in the financial statements of the County as a component
unit due to its financial relationship with the County.

The Taney County Board for the Developmentally Disabled d.b.a. Developmental Connections issued separate financial
statements that may be obtained by calling (417) 335-4135.

Dorgan-Weaver Housing Corporation
\ The Dorgan-Weaver Housing Corporation, which is governed by an appointed Board of Directors, provides housing to
developmentally disabled residents of Taney County. The Dorgan-Weaver Housing Corporation is included in the financial
statements of the County as a component unit due to its financial relationship with the Taney County Board for the
> Developmentally Disabled d.b.a. Developmental Connections.

Combs-Redfern Apartments, Inc.
The Combs-Redfern Apartments, Inc., which is governed by an appointed Board of Directors, provides housing to
developmentally disabled residents of Taney County. The Combs-Redfern Apartments, Inc. is included in the financial
statements of the County as a component unit due to its financial relationship with the Taney County Board for the
Developmentally Disabled d.b.a. Developmental Connections.

Tantone Industries; Inc.
Tantone Industries, inc., which Is governed by an appointed Board of Directors, provides production employment
opportunities to lower range educable and upper range trainable developmentally disabled residents of Taney County.
Tantone Industries, Inc. is included in the financial statements of the County as a component unit due to its financial
relationship with the Taney County Board for the Developmentally Disabled d.b.a. Developmental Connections.

Dignity Now, inc.
Dignity Now, Inc., which is governed by an appointed Board of Directors, provides services and support for children with
developmental disabilities and their families. Dignity Now, Inc. is included in the financial statements of the County as a
component unit due to its financial relationship with the Taney County Board for the Developmentally Disabled d.b.a.
Developmental Connections.

Government-Wide Financial Statements
The government-wide statements display information about the primary government and its component units. Interfund
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.

25
 Taney County
Notes to the Financial Statements
December 31,2019

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 or 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 nonmajor funds in their respective categories.

The County reports the following major governmental funds:

General Fund: The General Fund is the general operating fund 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 Trust Fund: The Road and Bridge Trust Fund of the County is used to account for resources
restricted for highway and road disbursements.
Road and Bridge Fund: The Road and Bridge Fund of the County is used to account for motor vehicle and gas tax
receipts designated for highway and road improvements.
Law Enforcement Sales Tax Fund: The Law Enforcement Sales Tax Fund of the County is used to account for
resources restricted for law enforcement disbursements.
County Sewer Sales Tax Fund: The County Sewer Sales Tax Fund of the County is used to account for resources
restricted for sewer related disbursements.

The County also reports the following fund types:

Agency Funds: 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:

Transfer Station Fund: The Transfer Station Fund of the County is used to account for the County's waste collection
operations.

Basis of Accounting
The government-wide Statement of Net Position and Statement of Activities and the fund financial statements are
presented using the modified cash basis of accounting. This basis recognizes assets, net position/fund equity, 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.

26
 Taney County
Notes to the Financial Statements
December 31, 2019

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 are not presented in the financial statements.

If the County used 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 financial statements and
proprietary fund financial statements would be presented on the accrual basis of accounting.

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.

Fund Balance Classification
In the fund financial statements, governmental funds report aggregate amounts for five classifications of fund balances
based on constraints imposed on the use of these resources as follows:

Nonspendable fund balance: This classification includes amounts that cannot be spent because they are either a)
not in spendable form or b) legally or contractually required to be maintained intact.

Restricted fund balance: This classification reflects the constraints imposed on resources either a) externally by
creditors, grantors, contributors, or laws or regulations of other governments; or b) imposed by law through
constitutional provisions or enabling legislation.

Committed fund balance: These amounts can only be used for specific purposes pursuant to constraints imposed
by formal resolutions of the County Commission - the government's highest level of decision making authority.
Those committed amounts cannot be used for any other purpose unless the Commission removes the specified
use by taking the same type of action imposing the commitment.

Assigned fund balance: This classification reflects the amounts constrained by the County's "intent" to be used for
specific purposes, but are neither restricted nor committed. Assigned fund balances include all remaining amounts
(except negative balances) that are reported in the governmental funds, other than the General Fund, that are
not classified as nonspendable and are neither restricted nor committed.

Unassigned fund balance: This fund balance is the residual classification for the General Fund, it is also used to
report negative fund balances in other governmental funds.

In circumstances when a disbursement is made for a purpose for which amounts are available in multiple fund balance
classifications, fund balance is depleted in the order of restricted, committed, assigned, and unassigned.

27
 Taney County
Notes to the Financial Statements
December 31, 2019

Net Position
In the government-wide financial statements, equity is displayed, when applicable, in two components as follows:

Restricted: This consists of net position that is legally restricted by outside parties or by law through constitutional
provisions or enabling legislation.

Unrestricted: This consists of net position that does not meet the definition of restricted.

When an expense is incurred for purposes for which both restricted and unrestricted net position are available, the County
first applies restricted net position.

Operating Receipts and Disbursements
Operating receipts and disbursements for the proprietary fund are those that result from providing services, producing
and delivering goods and services. All other receipts and disbursements are considered non-operating.

Compensated Absences
The County has a county-wide policy on vacation and sick leave for all employees. Leave is taken at the discretion of each
officeholder. The accumulated liability for compensated absences as of December 31, 2019, was $193,246.

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

Net Patient Service Revenue
The Taney County Health Center has agreements with third-party payors that provide for payments to the Health Center
at amounts different from its established rates. Services rendered to Medicaid program beneficiaries are reimbursed
prospectively at the Medicaid per diem rate in effect with no settlement made on the difference between the interim per
diem rates paid and actual costs.

Pensions
Financial reporting information included in the notes to the financial statements pertaining to the County's participation
in the State of Missouri County Employees' Retirement Fund (CERF) is prepared in accordance with Governmental
Accounting Standards Board (GASB) Statement No. 68, Accounting and Financial Reporting for Pensions, as amended by
GASB Statement No. 71, Pension Transition for Contributions Made Subsequent to the Measurement Date as applicable to
the County's modified cash basis of accounting

Financial reporting information included in the notes to the financial statements pertaining to the County's participation
in the Missouri Local Government Employees' Retirement System (LAGERS) is prepared in accordance with Governmental
Accounting Standards Board (GASB) Statement No. 68, Accounting and Financial Reporting for Pensions, as amended by
GASB Statement No. 71, Pension Transition for Contributions Made Subsequent to the Measurement Date as applicable to
the County's modified cash basis of accounting

28
 Taney County
Notes to the Financial Statements
December 31, 2019

The financial statements were prepared using the modified cash basis of accounting. Therefore, employee and employer
contributions are recognized when paid and the County's net pension liability, deferred outflows and inflows of resources
related to pensions are not recorded in these financial statements.

2. Cash & Investments
Primary Government
The County maintains a cash and investment pool that is available for use by all funds. Each fund's portion of this pool is
displayed on the Statement of Net Position as "Cash and investments". In addition, investments are separately held by
several of the County's funds. State statutes require that County deposits be fully collateralized in the name of the County.
As of December 31, 2019, all bank balances on deposit were entirely insured or collateralized with securities.

County Investments
Statutes authorize the County to invest in investments that are:

Obligations of the U.S. government, the State of Missouri, this county; In bonds, bills, notes, debentures or other
obligations guaranteed as to payment of principal and interest by the government of the United States or any agency or
instrumentality thereof, or the State of Missouri; In revenue bonds of the County; in certificates of deposit; savings
accounts as defined in Chapter 369, Revised Missouri Statutes; or in interest-bearing time deposits when such funds are
held in U.S. banks; state banks; savings and loan associations operating under Chapter 369, Revised Missouri Statutes; or
savings and loan associations authorized by the U.S. government so long as such deposits, savings accounts and interest-
bearing deposits are secured by one or more of the types of securities described in subparagraphs (a), (b) or (c) of this
section; Banker's acceptances issued by domestic commercial banks possessing the highest rating issued by a nationally
recognized rating agency; Commercial paper issued by domestic corporations that has received the highest rating issued
by a nationally recognized rating agency; or Investments permitted by the County that are authorized in the model
investment policy prepared by the State of Missouri for political subdivisions.

The County's investments at December 31, 2019, are as follows:

_______ Investment Type_______ __________Maturity_________ Carrying Value Fair Value
Taney County
Certificates of Deposit 1/13/2020-12/27/2022 $ 20,608,000 $ 20,708,862
FHLM Note 3/22/2022 ______ 500,000 500,240
$ 20,608,000 $ 20,708,862

Custodial Credit Risk
Custodial credit risk is the risk that, in the event of the failure of the counter party, the County will not be abie to recover
the value of its investments or collateral securities that are in possession of an outside party. 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, 2019, all Certificates of Deposit are entirely insured or collateralized with
securities.

29
 Taney County
Notes to the Financial Statements
December 31, 2019

Interest Rate Risk
Interest rate risk is the risk that the fair value of the County's investments will decrease as a result of increase in interest
rates. The County will minimize the risk that the market value of fixed income securities in the portfolio will fall due to
changes in the general interest rates by structuring the investment portfolio so that fixed income securities mature to
meet cash requirements for ongoing operations and by investing operating funds primarily in shorter term fixed income
securities.

Taney 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 31,2019, all bank balances on deposit
are entirely insured or collateralized.

The District's investments at December 31, 2019, are as follows:

___________ Investment Type___________ _______________ Maturity______________ Fair Value
Certificate of Deposit 1/28/2021 $ 222,258

Certificates of Deposit
Certificates of deposit are classified as investments but are considered deposits for custodial risk determination. State
statutes require that the District's deposits be 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, 2019, ail Certificates of Deposit are entirely insured or
collateralized with securities. Certificates of deposit are held to maturity.

The District does not have a policy on interest rate risk.

Taney County Health Center
State statutes require that the Center's deposits be insured or collateralized in the name of the Center by the trust
department of a bank that does not hold the collateralized deposits. As of December 31,2019, all bank balances on deposit
are entirely insured or collateralized.

The Center's investments at December 31,2019, are as follows:

___________ Investment Type___________ _______________ Maturity_______________ Fair Value
Certificate of Deposit 5/31/20 - 7/31/20 _$______ 72,436

Certificates of Deposit
Certificates of deposit are classified as investments but are considered deposits for custodial risk determination. State
statutes require that the Board's deposits be collateralized in the name of the Center by the trust department of a bank
that does not hold the collateralized deposits. As of December 31, 2019, all certificates of deposit were insured or
collateralized with securities.

30
 Taney County
Notes to the Financial Statements
December 31,2019

Interest Rate Risk
The Center holds investments until maturity to neutralize interest rate risk.

Taney County Board for the Developmentally Disabled
State statutes require that the Board's deposits be insured or collateralized in the name of the Board by the trust
department of a bank that does not hold the collateralized deposits. As of December 31,2019, all bank balances on deposit
are entirely insured or collateralized.

Investments of the Board as of December 31, 2019, are as follows:

Investment Type Maturity Fair Value
Taney County Board for the Developmentally Disabled
Certificate of Deposit 3/23/2020 $ 263,971
Diginity Now
Community Foundation of the Ozarks Investment Pool N/A $ 38,155

Certificates of Deposit
Certificates of deposit are classified as investments but are considered deposits for custodial risk determination. State
statutes require that the Board's deposits be collateralized in the name of the Board by the trust department of a bank
that does not hold the collateralized deposits. As of December 31, 2019, all Certificates of Deposit were insured or
collateralized with securities.

interest Rate Risk
The Board's certificates of deposit are held to maturity to minimize interest rate risk.

3. Claims, judgments, & Contingencies
Federal and State Grants
The County participates in a number of 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, 2019, significant amounts of grant disbursements
have not been audited by grantor governments, but the County believes that 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 other
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 material
effect on the financial position of the County.

31
 Taney County
Notes to the Financial Statements
December 31,2019

4. Employee Pension Plan - CERF - Primary Government
State of Missouri County Employees' Retirement Fund
General Information about the Pension Plan
Plan Description. Taney County of Missouri's defined benefit pension plan provides certain retirement and death benefits
to its members. The County participates in the State of Missouri County Employees' Retirement Fund (CERF). CERF is a
mandatory cost-sharing multiple employer retirement system for each county in the state of Missouri, except any city not
within a county (which excludes the City of St. Louis) and counties of the first classification with a charter form of
government.

CERF covers county elective or appointive officers or employees whose position requires the actual performance of duties
not less than 1,000 hours per year; including employees of circuit courts located in a first class, non-charter county which
is not participating in the Local Government Employees Retirement System (LAGERS); and does not cover circuit clerks,
deputy circuit clerks, county prosecuting attorneys, and county sheriffs. Until January 1, 2000, employees hired before
January 1, 2000 could opt out of the system.

CERF was established by an act of the Missouri General Assembly effective August 28, 1994 and administered in
accordance with RSMo. 50.1000 - 50.1300. As such, it is CERF's responsibility to administer the law in accordance
expressed intent of the General Assembly. The plan as amended through November 1, 2010 is in a form acceptable under
the Internal Revenue Code. The responsibility for the operations and administration of CERF is vested in the CERF Board
of Directors consisting of eleven members. The Board of Directors has the authority to adopt rules and regulations for
administering the system.

CERF issues a publicly available financial report that includes financial statements and required supplementary
information. This report may be obtained by accessing the CERF website at www.mocerf.org.

Benefits Provided. CERF provides retirement and death benefits to its members. All benefits vest after 8 years of creditable
service. Employees who retire on or after age 62 are entitled to an allowance for life based on the form of payment
selected. The normal form of payment is a single life annuity. Optional Joint and survivor annuity and 10-year certain and
life annuity payments are also offered to members in order to provide benefits to a named survivor annuitant after their
death. Employees who have a minimum of 8 years of creditable service and who terminate employment after December
31, 1999 may retire with an early retirement benefit and receive a reduced allowance after attaining age 55. Benefit
provisions are fixed by state statute and may be amended only by action of the Missouri Legislature.

Cost-of-Living Adjustments (COLA). Annual cost-of-living adjustments not to exceed 1% are provided for eligible retirees
and survivor annuitants, up to a lifetime maximum of 50% and may be amended only by action of Missouri Legislature.

Contributions, Prior to January 1, 2003, participating county employees, except for those who participated in LAGERS,
were required to make contributions equal to 2% of gross compensation. Effective January 1, 2003, participated county
employees hired on or after February 25, 2002 are required to make contributions of 4% if they are in a LAGERS county
and contributions of 6% if they are in a non-LAGERS county. If an employee leaves covered employment before attaining
8 years of creditable service, accumulated employee contributions are refunded to the employee. The contribution rate
is set by state statute and may be amended only by action of the Missouri Legislature. Counties may elect to make all or
a portion of the required 4% contribution on behalf of employees.

32
 Taney County
Notes to the Financial Statements
December 31,2019

Eligible employees of the employer contribute 4% to the pension plan. The employer did not elect to make ail or a portion
of the required 4% contribution on behalf of employees.

In addition to the above contributions required of employees, the following fees and penalties prescribed under Missouri
law are required to be collected and remitted to CERF by counties covered by the plan:

• Late fees on filing of personal property tax declarations
• Twenty dollars on each merchants and manufacturers license issued
• Six dollars on each document recorded or filed with county recorders of deeds, with an additional one dollar on
each document recorded
• Three sevenths of the fee on delinquent property taxes
• Interest earned on investment of the above collections prior to remittance to CERF

During 2019 and 2018 the County collected and remitted to CERF, employee contributions of $283,146 and $268,778 ,
respectively, for the years then ended. The County's contributions to CERF were $718,250 for the year ended December
31, 2019.

5. Employee Pension Plan - LAGERS - Primary Government
Missouri Local Government Employees Retirement System
General Information about the Pension Plan
Plan Description. Taney County's (which includes Taney County Health Department) defined benefit pension plan provides
certain retirement, disability and death benefits to plan members and beneficiaries, The County participates in the
Missouri Local Government Employees Retirement System (LAGERS). LAGERS is an agent multiple-employer, statewide
public employee pension pian established in 1967 and administered in accordance with RSMo. 70.600-70.755. As such, it
is LAGERS 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 401(a) and is tax exempt. The responsibility for the
operations and administration of LAGERS is vested in the LAGERS Board of Trustees consisting of seven persons. LAGERS
issues a pubiiciy available financial report that includes financial statements and required supplementary information. This
report may be obtained by accessing the LAGERS website at www.molagers.org.

Benefits Provided. LAGERS provides retirement, death and disability benefits. Benefit provisions are adopted by the
governing body of the employer, within the options available in the state statutes governing LAGERS. All benefits vest
after 5 years of credited service. Employees who retire on or after age 60 (55 for police} with 5 or more years of service
are entitled to an allowance for life based upon the benefit program information provided below. Employees may retire
with an early retirement benefit with a minimum of 5 years of credited service and after attaining age 55 (50 for police)
and receive a reduced allowance.

33
 Taney County
Notes to the Financial Statements
December 31,2019

_______ 2019 Valuation
Benefit mulitplier 2.00% for life
Final average salary 5 years
Member contributions 0%

Benefit terms provide for annual post retirement adjustments to each member's retirement allowance subsequent to the
member's retirement date. The annual adjustment is based on the increase in the Consumer Price Index and is limited to
4% per year.

Employees Covered by Benefit Terms. At June 30, 2019, the following employees were covered by the benefit terms:

General Police Total
Inactive employees or beneficiaries currently receiving benefits 127 38 165
Inactive employees entitled to but not yet receiving benefits 106 27 133
Active employees 229 43 272
462 108 570

Contributions. The employer is required to contribute amounts as least equal to the actuarially determined rate, as
established by LAGERS using the individual entry-age actuarial method. The actuarially determined rate is the estimated
amount necessary to finance the cost of benefits earned by employees during the year, with an additional amount to
finance an unfunded accrued liability. Full-time employees of the employer do not contribute to the pension plan.
Employer contributions are 14.6% (General) and 16.8% (Police) of annual covered payroll.

During the year ended December 31, 2019 the County made contributions of $1,367,269 and the Taney County Health
Department made contributions of $202,307.

6. Employee Pension Plan - LAGERS - Taney County Regional Sewer District
Missouri Local Government Employees Retirement System
General Information about the Pension Plan
Plan Description. The Taney County Regional Sewer District's defined benefit pension plan provides certain retirement,
disability and death benefits to plan members and beneficiaries. The Taney County Regional Sewer District participates in
the Missouri Local Government Employees Retirement System (LAGERS). LAGERS is an agent multiple-employer, statewide
public employee pension plan established in 1967 and administered in accordance with RSMo. 70.600-70.755. As such, it
is LAGERS 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 401(a) and is tax exempt. The responsibility for the operations and
administration of LAGERS is vested in the LAGERS Board of Trustees consisting of seven persons. LAGERS issues a publicly
available financial report that includes financial statements and required supplementary information. This report may be
obtained by accessing the LAGERS website at www.molagers.org.

Benefits Provided. LAGERS provides retirement, death and disability benefits. Benefit provisions are adopted by the
governing body of the employer, within the options available in the state statutes governing LAGERS. All benefits vest
after 5 years of credited service. Employees who retire on or after age 60 with 5 or more years of service are entitled to

34
 Taney County
Notes to the Financial Statements
December 31, 2019

an allowance for life based upon the benefit program information provided below. Employees may retire with an early
retirement benefit with a minimum of 5 years of credited service and after attaining age 55 and receive a reduced
allowance,

________2019 Valuation________
Benefit multiplier 2.00% for life
Final average salary 5 years
Member contributions 0%

Benefit terms provide for annual post retirement adjustments to each member's retirement allowance subsequent to the
member's retirement date. The annual adjustment is based on the increase in the Consumer Price Index and is limited to
4% per year.

Employees Covered by Benefit Terms. At June 30, 2019, the following employees were covered by the benefit terms:

General
Inactive employees or beneficiaries currently receiving benefits 1
Inactive employees entitled to but not yet receiving benefits 2
Active employees _______ n
14

Contributions. The employer is required to contribute amounts at least equal to the actuarially determined rate, as
established by LAGERS using the individual entry-age actuarial method. The actuarially determined rate is the estimated
amount necessary to finance the cost of benefits earned by employees during the year, with an additional amount to
finance an unfunded accrued liability. Full-time employees of the employer do not contribute to the pension plan.
Employer contribution rates are 17.9% (General) of annual covered payroll.

During the year ended December 31, 2019, the Taney County Regional Sewer District made contributions of $93,913.

7. Assessed Valuation, Tax Levy, & 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.

35
 Taney County
Notes to the Financial Statements
December 31, 2019

The 2019 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 $ 881,115,203
Personal property 167,092,501
$1,048,207,704

Tax Levy
General Fund $

The legal debt margin at December 31, 2019, is computed as follows:

Constitutional debt limit $ 104,820,770
General obligation bonds payable -
Legal Debt Margin $ 104,820,770

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.

8. Long-Term Debt - Taney County Regional Sewer District
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 31,2019, are due as follows:

Administrative
Year Ending December 31, Principal Interest ______Fee_____ _____ Total_____
2020 $ 965,000 $ 77,569 $ 11,390 $ 1,053,959
2021 995,000 26,119 _________5,696 1,026,815
$ 1,960,000 $ 103,688 $ 17,086 $ 2,080,774

The following table is a summary of the changes in the long-term debt for the year ended December 31, 2019:

Balance Balance
December 31, New December 31, Current
2018 Obligations Retired 2019 Portion
2004 SRF Revenue Bonds Payable $ 2,900,000 $ $ 940,000 $ 1,960,000 $ 965,000

36
 Taney County
Notes to the Financial Statements
December 31, 2019

9. Long-Term Debt - Primary Government
On August 25, 2015, the County issued Lease Refunding Certificates of Participation Series 2015A and 2015B for the
purpose of an advance refunding of the Series 2006 Lease Certificates of Participation, which were issued 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 $815,000 to $1,590,000 plus interest of 2.02%. Principal
payments are due April 1 of each year with interest due semi-annually on April 1 and October 1.

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 option to cancel.

The total annual minimum lease payments required at December 31, 2019, are as follows:

Year Ending December 31,
2020 $ 1,579,181
2021 1,609,487
2022 1,638,581
2023 ______ 831,463
Total Minimum Lease Payments 5,658,712
Less Amount Representing Interest (253,712)
Principal Balance, December 31, 2019 $ 5,405,000

The following schedule presents the changes in the long-term debt for the year ended December 31, 2019:

Balance Balance
December 31, December 31, Current
2018 Additions Retirements 2019 Portion
2015A Certificates of
$ 6,810,000 $ - $ 1,405,000 $ 5,405,000 $ 1,470,000
Participation
Compensated absences 231,965 - 38,719 193,246
$ 7,041,965 $ - $ 1,443,719 $ 5,598,246 $ 1,470,000

37
 Taney County
Notes to the Financial Statements
December 31, 2019

10. Long-Term Debt - Taney County Health Center
On July 1, 2008, the Health Department issued $850,000 in Certificates of Participation, Series 2008, to build an addition
to the existing building. The interest rate on the Certificates was 4.85% until July 1, 2013, and then changed to 3.612%.
This rate will be in effect until December 1, 2018. At that time, the interest rate will be adjusted again based on market
rates, for the remaining 5 years. Principal and interest payments are due monthly. The Certificates of Participation
outstanding at December 31,2019, based on the current rate, are due as follows:

Year Ending December 31, Principal Interest _____ Total
2020 $ 68,053 $ 10,740 $ 78,793
2021 71,438 7,356 78,794
2022 74,955 3,839 78,794
2023 38,850 546 39,396
$ 253,296 $ 22,481 $ 275,777

The following table is a summary of the changes in the long-term debt for the year ended December 31, 2019:

Balance Balance
December 31, December 31, Current
2018 Additions Retirements 2019 Portion
2008 Certificate of Participation $ 318,188 $ - $ 64,892 $ 253,296 $ 68,053
Compensated absences 70,578 - 6,802 63,776 -
$ 388,766 $ - $ 71,694 $ 317,072 $ 68,053

11. Lease Payable - Board For The Developmentally Disabled
On November 1, 2010, the Board issued Taxable Lease Certificates of Participation - Recovery Zone Economic
Development Project Series 2010 for the construction of a new sheltered workshop facility. The Board has designated the
Certificates as Recovery Zone Economic Development Bonds. The Board has elected to receive a credit from the Secretary
of the United States Department of the Treasury in accordance with Section 6431 of the IRS code equal to 45% of the
stated interest paid on the Bonds. Such payments will be received directly by the Board and used to make interest
payments due on the Certificates. Receipt of the interest subsidy is subject to the Board filing an IRS Form 80-38-CP. The
failure of the Board to file Form 80-38-CP could reduce or eliminate the amount of the interest subsidy.

The lease agreement requires principal payments ranging from $55,000 to $120,000 plus interest at 6%. Principal
payments are due December 1 of each year with interest due semi-annually on June 1 and December 1.

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

38
 Taney County
Notes to the Financial Statements
December 31,2019

The total annual minimum lease payments required at December 31, 2019, are as follows:

Year Ending December 31, Principal
2020 $ 134,345
2021 133,458
2022 132,375
2023 130,988
2024 129,335
2025 127,300
Total Minimum Lease Payments 787,801
Less Amount Representing Interest (142,801)
Principal Balance, December 31, 2019 $ 645,000

The following schedule presents the changes in the long-term debt for the year ended December 31, 2019:

Balance Balance
December 31, December 31, Current
2018 Additions Retirements 2019 Portion
2010 Certificates of Participation $ 735,000 _$_______^ $ 90,000 $ 645,000 $ 95,000

12. Line of Credit - Board for the Developmental^ Disabled
At December 31, 2019, the Organization had a $250,000 secured line of credit with Commerce Bank to be drawn upon as
needed with a variable interest rate not to exceed 4%. As of December 31, 2019, there was no outstanding balance. A
total of $3,675 interest was paid in the current year.

The following schedule presents the changes in short-term debt for the year ended December 31, 2019:

Balance Balance
December 31, December 31,
2018 Additions Deletions 2019
Line of Credit $ 186,325 $_______$ 186,325 $

13. Mortgage Payable - Dorgan-Weaver Housing Corporation
As of December 31, 2019, the Board had a mortgage payable of $1,531,400. The mortgage payable represents a capital
advance from the U.S. Department of Housing and Urban Development for the construction of a 14-unit residential facility.
The mortgage bears no interest and repayment is not required as long as the housing remains available for very low-
income persons with disabilities.

39
 Taney County
Notes to the Financial Statements
December 31,2019

The following represents the changes In the mortgage payable during the year ended December 31, 2019;

Balance, December 31,2018 $ 1,531,400
Additions
Repayments _____ -
Balance, December 31,2019 $ 1,531,400

14. Mortgage Payable - Combs-Redfern Apartments Inc.
As of December 31, 2019, the Board had a mortgage payable of $2,054,431. The mortgage payable represents a capital
advance from the U.S. Department of Housing and Urban Development for the construction of a 14-unit residential facility.
The mortgage bears no interest and repayment is not required as long as the housing remains available for very low-
income persons with disabilities.

Balance, December 31, 2018 $ 2,054,431
Additions
Repayments
Balance, December 31, 2019 $ 2,054,431

15. Risk Management
The County is exposed to various risks of loss 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.

16. Interfund Transfers
Interfund transfers for the year ended December 31, 2019, consisted of the following:

Transfers
In (Out)
General Fund $ 1,109,040
Road and Bridge Trust Fund (315,171)
Road and Bridge Fund (356,126)
Sewer Sales Tax Fund (99,971)
Assessment Fund (12,357)
Tax Maintenance Fund (30,000)
E-911 Fund (163,189)
Recorder Tech Fund (51,961)
Transfer Station Fund (80,265)
$

40
 Taney County
Notes to the Financial Statements
December 31, 2019

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

17. Commitments
At December 31, 2019, the County was committed to the following contracts for sewer improvements:

• R.L. Persons Construction in the amount of $946,467
• Excel Excavating in the amount of $1,180,945
• Flat Creek Excavating in the amount of $5,220,1687

18. Commitments - Taney County Regional Sewer District
As of December 31, 2019, the District was committed to Excel Excavating in the amount of $1,090,070 and Flat Creek
Excavating in the amount of $1,224,026 for utility improvements.

19. Tax Abatements
Taney County
As of December 31,2019, the County was affected by tax abatement programs provided by the City of Branson, Missouri
and the City of Hollister, Missouri. Both the City of Branson, Missouri and the City of Hollister, Missouri, provide tax
abatements through the Real Property Tax Increment Allocation Redevelopment Act (Tax incremental Financing).

Tax Incremental Financing (TIF) Is an economic development tooi which redirects local tax revenues towards the
redevelopment of eligible properties that are otherwise economically unfeasible. Sections 99.800 - 99.865, RSMo, the
Real Property Tax Increment Allocation Redevelopment Act, enables cities to finance certain redevelopment costs with
the incremental tax revenue generated by the net increase in assessed valuation resulting from the redevelopment. Real
estate taxes in the redevelopment area are frozen at the current level or base valuation.

Sales tax revenues were reduced by $2,860,104 and $256,196 under the Tax Incremental Financing Agreement and by the
City of Branson, Missouri and by the by the City of Hollister, Missouri, respectively.

Taney County Board for the Developmental^ Disabled
As of December 31,2019, the Board was affected by tax abatement programs provided by the City of Branson. The City of
Branson provided tax abatements through the Real Property Tax Increment Allocation Redevelopment Act (Tax
Incremental Financing).

Tax Incremental Financing (TIF) is an economic development tool which redirects local tax revenues towards the
redevelopment of eligible properties that are otherwise economically unfeasible. Sections 99.800-99.865, RSMo, the Real
Property Tax Increment Allocation Redevelopment Act, enables cities to finance certain redevelopment costs with the
incremental tax revenue generated by the net increase in assessed valuation resulting from the redevelopment. Real
estate taxes in the redevelopment area are frozen at the current level or base valuation. Property tax revenues were
reduced by $37,429 under the Tax Incremental Financing Agreements entered into by the City of Branson, Missouri.

41
 Taney County
Notes to the Financial Statements
December 31,2019

Taney County Health Department
As of December 31,2019, the health department was affected by tax abatement programs provided by the City of Branson.
The City of Branson provided tax abatements through the Real Property Tax Increment Allocation Redevelopment Act (Tax
Incremental Financing).

Tax Incremental Financing (TIF) is an economic development tool which redirects local tax revenues towards the
redevelopment of eligible properties that are otherwise economically unfeasible. Sections 99.800-99.865, RSMo, the Real
Property Tax Increment Allocation Redevelopment Act, enables cities to finance certain redevelopment costs with the
incremental tax revenue generated by the net increase in assessed valuation resulting from the redevelopment. Real
estate taxes in the redevelopment area are frozen at the current level or base valuation. Property tax revenues were
reduced by $65,472 under the Tax Incremental Financing Agreements entered into by the City of Branson, Missouri.

20. Contingencies
The County and the Branson, Missouri Regional Airport Transportation Development District signed a loss mitigation
guarantee with the Branson Airport. The County agrees to mitigate any loss of the airline contracted with the Branson
Airport for a term of three years, ending February 22,2019, up to $400,000. if mitigation loss guarantee funds have already
been paid and the contracted airline generates a net gain before the end of this agreement, amounts will be refunded to
other sources and then the County.

21. Risks & Uncertainties
Subsequent to year end, a strain of coronavirus (COVID-19) was identified as a global pandemic and began affecting the
health of large portions of the global population. The detrimental impact of this virus is not yet determinable, but will
likely be significant for both the local and global economy. The effects of COVID-19 on the County are also not yet
determinable, however COVID-19 has been identified as a significant risk and uncertainty that could impact future
operations and result in changes in estimates and assumptions made in the financial statements.

42
Supplementary Information
 Taney County
Budgetary Comparison Schedule - General Fund - Modified Cash Basis
Year Ended December 31, 2019

Variance
Original Final with Final
Receipts Budget Budget Actual Budget
Taxes
County sales tax $ 8,300,991 $ 8,300,991 $ 8,326,470 $ 25,479
Payment in lieu of taxes 210,000 210,000 177,340 (32,660)
Other taxes 10,000 10,000 16,298 6,298
8,520,991 8,520,991 8,520,108 (883)
Collector's Commission
Collection commissions 800,000 800,000 753,500 (46,500)

Licenses and Permits
Beverage licenses 85,000 85,000 83,914 (1,086)
ATV permits 500 500 795 295
85,500 85,500 84,709 (791)
Intergovernmental Receipts
Federal 48,000 48,000 83,997 35,997
Other 1,091,000 1,091,000 1,009,475 (81,525)
1,139,000 1,139,000 1,093,472 (45,528)
Fees and Charges
Court 78,000 78,000 60,811 (17,189)
Public administration 70,000 70,000 70,681 681
County clerk 750 750 1,212 462
Recorder of deeds 800,000 800,000 648,072 (151,928)
Tax sale publication 14,000 14,000 17,480 3,480
Planning and zoning 30,000 30,000 32,175 2,175
Sheriff fees 700,000 700,000 525,657 (174,343)
Phone and vending 1,150 1,150 695 (455)
Election reimbursement 28,000 28,000 19,100 (8,900)
Computer room 600 600 999 399
Animal Control 84,000 - 86,784 86,784
Airport 516,000 516,000 470,593 (45,407)
2,322,500 2,238,500 1,934,259 (304,241)
Other
Interest income 75,000 75,000 93,518 18,518
Miscellaneous 131,750 131,750 149,819 18,069
Sale of property 40,000 40,000 18,390 (21,610)
246,750 246,750 261,727 14,977
Total Receipts 13,114,741 13,030,741 12,647,775 (382,966)

44
 Taney County
Budgetary Comparison Schedule - General Fund - Modified Cash Basis
Year Ended December 31, 2019

Variance
Original Final With Final
Budget Budget Actual Budget
Disbursements
Current
General Government
University extension 46,625 46,625 46,623 2
Collector of revenue 271,631 271,631 271,748 (117)
Treasurer 123,623 123,623 118,664 4,959
Recorder of deeds 281,543 281,543 271,446 10,097
County commission 247,550 247,550 247,737 (187)
Administrative office 664,289 664,289 650,430 13,859
Employee fringe benefits 2,775,000 2,775,000 2,835,375 (60,375)
Information technology 435,328 435,328 372,824 62,504
Planning and zoning 217,976 217,976 207,707 10,269
Election and voter registration 81,800 81,800 49,903 31,897
County clerk 186,626 186,626 182,817 3,809
Auditor 111,257 111,257 109,431 1,826
Building and grounds 728,860 728,860 646,852 82,008
6,172,108 6,172,108 6,011,557 160,551
Judicial
Court administration 40,500 40,500 13,915 26,585
Circuit judge 170,500 170,500 141,354 29,146
Circuit clerk 28,900 28,900 26,281 2,619
Coroner 86,764 86,764 96,988 (10,224)
Court reporter 7,000 7,000 4,510 2,490
Public administrator 139,271 139,271 134,209 5,062
Juvenile 247,082 247,082 209,722 37,360
Prosecuting attorney 638,022 638,022 601,250 36,772
1,358,039 1,358,039 1,228,229 129,810
Public Safety
Sheriff 2,634,024 2,634,024 2,661,268 (27,244)
Jail 1,802,904 1,802,904 1,659,295 143,609
Animal control 198,680 198,680 229,883 (31,203)
Emergency management 78,031 78,031 66,869 11,162
4,713,639 4,713,639 4,617,315 96,324
Other 2,585,200 2,585,200 1,219,889 1,365,311
Public Works
Pooled Services 50,000 50,000 50,000 -
Airport
Airport 1,656,130 1,656,130 1,674,469 (18,339)
Total Disbursements 16,630,197 16,630,197 14,801,459 1,828,738
(Deficit) of Receipts over Disbursements (3,515,456) (3,599,456) (2,153,684) 1,445,772
Other Financing Sources
Operating transfers (out) _ _ (75,000) (75,000)
Operating transfers in 1,312,540 1,312,540 1,184,040 (128,500)
Total Other Financing Sources 1,312,540 1,312,540 1,109,040 (203,500)
(Deficit) of Receipts and other Sources over
(2,202,916) (2,286,916) (1,044,644) 1,242,272
Disbursements
Fund Balance, January 1 6,160,369 6,160,369 6,160,369 .
Fund Balance, December 31 S 3.957.453 S 3.873.453 5 5.115.725 S 1.242.272

45
 Taney County
Budgetary Comparison Schedule - Road and Bridge Trust Fund - Modified Cash Basis
Year Ended December 31, 2019

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Taxes $ 8,150,000 $ 8,150,000 $ 8,478,618 $ 328,618
Intergovernmental receipts - - 223,781 223,781
Other receipts 150,000 150,000 274,440 124,440
Total Receipts 8,300,000 8,300,000 8,976,839 676,839

Disbursements
Highway and Roads
Wages and benefits 2,750,000 2,750,000 2,634,495 115,505
Computer related disbursements 56,000 56,000 26,775 29,225
Mileage and training 5,000 5,000 2,525 2,475
Professional services 55,000 55,000 55,068 (68)
Rental equipment 5,000 5,000 3,821 1,179
Telephone and utilities 51,500 51,500 63,007 (11,507)
Insurance 150,000 150,000 156,128 (6,128)
Repair and maintenance 470,000 470,000 408,617 61,383
Equipment 1,239,000 1,239,000 688,743 550,257
Road construction 1,750,000 1,750,000 1,917,445 (167,445)
Road supplies 2,557,000 2,557,000 1,984,220 572,780
Other supplies 50,350 50,350 43,155 7,195
Other 1,011,100 1,011,100 6,063 1,005,037
Total Disbursements 10,149,950 10,149,950 7,990,062 2,159,888

Excess (Deficit) of Receipts over Disbursements (1,849,950) (1,849,950) 986,777 2,836,727

Other Financing Sources (Uses)
Operating transfers in 30,000 30,000 (30,000)
Operating transfers out (288.338) (288.338) (315.171) (26.833)
Total other Financing Sources (Uses) (258.338) (258.338) (315.171) (56.833)

Excess (Deficit) of Receipts and other Sources
over Disbursements and other (Uses) (2,108,288) (2,108,288) 671,606 2,779,894

Fund Balance, January 1 9,714,910 9,714,910 9,714,910 -

Fund Balance, December 31 $ 7,606,622 $ 7,606,622 $ 10,386,516 $ 2,779,894

46
 Taney County
Budgetary Comparison Schedule - Road and Bridge Fund - Modified Cash Basis
Year Ended December 31, 2019

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Taxes $ 1,245,500 $ 1,245,500 $ 1,356,780 $ 111,280
Intergovernmental receipts 54,500 54,500 53,517 (983)
Other receipts 30,250 30,250 54,934 24,684
Total Receipts 1,330,250 1,330,250 1,465,231 134,981

Disbursements
Highway and Roads
Wages and benefits 1,391,500 1,391,500 1,086,024 305,476
Capital Outlay 30,000 30,000 28,538 1,462
Other 511,500 511,500 13,650 497,850
Total Disbursements 1,933,000 1,933,000 1,128,212 804,788

Excess (Deficit) of Receipts over Disbursements (602,750) (602,750) 337,019 939,769

Other Financing (Uses)
Operating transfers (out) (489,100) (489,100) (356,126) 132,974
Total other Financing (Uses) (489,100) (489,100) (356,126) 132,974

(Deficit) of Receipts over Disbursements and
other (Uses) (1,091,850) (1,091,850) (19,107) 1,072,743

Fund Balance, January 1 1,707,751 1,707,751 1,707,751
Fund Balance, December 31 $ 615,901 $ 615,901 $ 1,688,644 $ 1,072,743

47
 Taney County
Budgetary Comparison Schedule - Law Enforcement Sales Tax Fund - Modified Cash Basis
Year Ended December 31,2019

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Taxes $ 1,950,000 $ 1,950,000 $ 2,081,113 $ 131,113
Other receipts 6,500 6,500 13,162 6,662
Total Receipts 1,956,500 1,956,500 2,094,275 137,775

Disbursements
Public Safety 873,632 873,632 677,773
Debt Service 1,600,000 1,600,000 1,529,690 922,227
Total Disbursements 2,473,632 2,473,632 2,207,463 922,227

(Deficit) of Receipts over Disbursements (517,132) (517,132) (113,188) 403,944

Fund Balance, January 1 1,236,159 1,236,159 1,236,159 .

Fund Balance, December 31 $ 719,027 $ 719,027 $ 1,122,971 $ 403,944

48
 Taney County
Budgetary Comparison Schedule - County Sewer Sales Tax Fund - Modified Cash Basis
Year Ended December 31, 2019

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Taxes $ 8,160,000 $ 8,160,000 $ 8,324,703 $ 164,703
Other receipts 150,000 150,000 247,134 97,134
Total Receipts 8,310,000 8,310,000 8,571,837 261,837

Disbursements
Sewer 18.204.754 18.204.754 9.288.524 8.916.230
Total Disbursements 18.204.754 18.204.754 9.288.524 8.916.230

(Deficit) of Receipts over Disbursements (9,894,754) (9,894,754) (716,687) 9,178,067

Other Financing (Uses)
Operating transfers (out) (99,971) (99,971)
Total other Financing (Uses) - - (99,971) (99,971)

(Deficit) of Receipts over Disbursements and
other (Uses) (9,894,754) (9,894,754) (816,658) 9,078,096

Fund Balance, January 1 15,053,848 15,053,848 15,053,848 -

Fund Balance, December 31 $ 5,159,094 $ 5,159,094 $ 14,237,190 $ 9,078,096

49
 Taney County
Notes to the Budgetary Comparison Schedule
Year Ended December 31, 2019

Budgets and Budgetary Accounting
The County follows these procedures in establishing the budgetary data reflected in the financial statements:

1) In accordance with Chapter 67, RSMo, the County adopts a budget for each fund.

2) Prior to January, the County Auditor, who serves as the Budget Officer, submits to the Commission a proposed
budget for the fiscal year beginning on the following January 1. The budget includes estimated receipts and
proposed disbursements for all County funds. Budgeted disbursements cannot exceed beginning available monies
plus estimated receipts for the year.

3) A public hearing is conducted to obtain taxpayer comments. Prior to its approval by the Commission, the budget
document is available for public inspection.

4) in January, the budget is legally enacted by a vote of the Commission.

5) Subsequent to its formal approval of the budget, the Commission has the authority to make necessary
adjustments to the budget by formal vote of the Commission. Adjustments made during the year are reflected in
the budget information included in the financial statements, Budgeted amounts are as originally adopted, or as
amended by the Commission, individual amendments were not material to the original appropriations, which
were amended.

6) Budgets for County funds are prepared and adopted on the modified cash basis (budget basis), recognizing
receipts when collected and disbursements when paid.

50
Other Reporting Requirements
 Taney County
Combining Statement of Assets and Fund Balances - Non-Major Special Revenue Funds - Modified Cash Basis
December 31, 2019

Prosecuting Prosecuting
Law Prosecuting Tax Attorney Attorney Sheriff Drug Grcuit Clerk
Assessment Enforcement Attorney Maintenance Delinquent Sheriff Civil Vest Grant Bad Check Forfeiture Treatment
Fund Training Fund Training Fund E-911 Fund Fund Tax Fund Fees Fund Fund Fund Fund Courts Fund
Assets
Cash and investments $ 436,808 $ 3,701 $ 3,289 $ 110,979 $ 110,676 $ 69,167 $ 25,126 $ 940 $ 65,938 $ 2,528 $ 23,371
Total Assets $ 436,808 $ 3,701 $ 3,289 $ 110,979 $ 110,676 $ 69,167 S 25,126 $ 940 $ 65,938 $ 2,528 $ 23,371

Fund Balances
Restricted for
Public safety $ - $ 3,701 $ $ 110,979 $ - $ $ 25,126 $ 940 $ $ 2,528 $ -
Elections - - - - - - - - - - -
Recorder - - - - - - - - - - -
Judicial - - 3,289 - - 69,167 - - 65,938 - 23,371
Tax maintenance - - - - 110,676 - - - - - -
Assigned
Assessment 436,808 - - - - - - - - - -
Total Fund Balances $ 436,808 $ 3,701 $ 3,289 $ 110,979 $ 110,676 $ 69,167 $ 25,126 $ 940 $ 65,938 $ 2,528 $ 23,371
 Taney County
Combining Statement of Assets and Fund Balances - Non-Major Special Revenue Funds - Modified Cash Basis
December 31, 2019

Local
Emergency Local Law
Planning Domestic Sheriff Circuit Cierk Circuit Clerk Enforcement
Commission Election Recorder Law Library Violence Revolving Inmate Interest Education Block Grant
Fund Services Fund Tech Fund Fund Fund Fund Security Fund Fund Fund Fund Total
Assets
Cash and investments $ 9,407 $ 37,378 $ 440,808 $ 21,756 $ 7,693 $ 73,941 $ 126,874 $ 21,799 $ 59,865 $ 151 $ 1,652,195
Total Assets $ 9,407 $ 37,378 $ 440,808 $ 21,756 $ 7,693 $ 73,941 $ 126,874 $ 21,799 $ 59,865 $ 151 $ 1,652,195

Fund Balances
Restricted for:
Public safety $ 9,407 $ $ $ - $ 7,693 $ 73,941 $ 126,874 $ - $ - $ 151 $ 361,340
Elections - 37,378 - - - - - - - - 37,378
Recorder - - 440,808 . - - - - - - 440,808
Judicial - - - 21,756 - - - 21,799 59,865 - 265,185
Tax maintenance - - - - - - - - - - 110,676
Assigned
Assessment - - - - - - - - - - 436,808
Total Fund Balances $ 9,407 $ 37,378 $ 440,808 $ 21,756 $ 7,693 $ 73,941 $ 126,874 $ 21,799 $ 59,865 $ 151 $ 1,652.195

53
 Taney County
Combining Statement of Receipts, Disbursements and Changes in Fund Balance - Non-Major Special Revenue Funds - Modified Cash Basis
Year Ended December 31,2019

Prosecuting Prosecuting Sheriff
Law Prosecuting Tax Attorney Attorney Drug Circuit Clerk
Assessment Enforcement Attorney Maintenance Delinquent Sheriff Civil Vest Grant Bad Check Forfeiture Treatment
Fund Training Fund Training Fund E-911 Fund Fund Tax Fund Fees Fund Fund Fund Fund Courts Fund
Receipts
Taxes $ $ $ $ 602,612 $ $ $ $ $ $ $
Intergovernmental receipts 2,351
Fees and charges 722,444 3,718 1,828 18,112 114,238 6,032 50,000 14,629 14,099
Other receipts 6,572 1,879 35 51,919 2,608 1,292 522 1,215 50 SO
Total Receipts 729,016 5,597 1,853 672,643 116,846 7,324 50,522 2,351 15,844 50 14,149

Disbursements
General government 678,385 63,255
Judicial 307 24,547 4,043 16,928
Public safety 4,094 464,906 66,199 1,411 830
Total Disbursements 678,385 4,094 307 464,906 63,255 24,547 66,199 1,411 4,043 830 16,928

Excess (Deficit) of Receipts over
Disbursements 50,631 1,503 1,556 207,737 53,591 (17,223) (15,677) 940 11,801 (780) (2,779)

Other Financing (Uses)
Operating transfers (out) (12,357) (163,189) (30,000)
Total other Financing (Uses) (12,357) - - (163,189) (30,000) - - - - - -

Excess (Deficit) of Receipts over
Disbursements and other (Uses) 38,274 1,503 1,556 44,548 23,591 (17,223) (15,677) 940 11,801 (780) (2,779)

Fund Balance, January 1 398,534 2,198 1,733 66,431 87,085 86,390 40,803 . 54,137 3,308 26,150
Fund Balance, December 31 $ 436,808 $ 3,701 $ 3,289 $ 110,979 S 110,676 $ 69,167 $ 25,126 $ 940 $ 65,938 $ 2,528 $ 23,371

54
 Taney County
Combining Statement of Receipts, Disbursements and Changes in Fund Balance - Non-Major Special Revenue Funds - Modified Cash Basis
Year Ended December 31, 2019

Local
Emergency Local Law
Planning Domestic Sheriff Circuit Clerk Enforcement
Commission Election Recorder law Library Violence Revolving Inmate Circuit Clerk Education Block Grant
Fund Services Fund Tech Fund Fund Fund Fund Security Fund Interest Fund Fund Fund Total
Receipts
Taxes $ $ $ $ $ $ $ $ $ $ $ 602,612
Intergovernmental receipts 13,153 15,504
Fees and charges 2,591 184,835 11,840 7,629 28,421 179,451 803 10,012 1,370,682
Other receipts 162 670 6,666 108 64 1,370 1,724 21 143 3 77,073
Total Receipts 162 16,414 191,501 11,948 7,693 29,791 181,175 824 10,155 3 2,065,871

Disbursements
General government 13,382 82,335 - 837,357
Judicial 12,108 25 6,061 64,019
Public safety 876 7,383 45,608 142,985 734,292
Total Disbursements 876 13,382 82,335 12,103 7,383 45,608 142,985 25 6,061 - 1,635,668

Excess (Deficit) of Receipts over
Disbursements (714) 3,032 109,166 (160) 310 (15,817) 38,190 799 4,094 3 430,203

Other Financing (Uses)
Operating transfers (out) (51,961) (257,507)
Total other Financing (Uses) - - (51,961) - - - - - - - (257,507)

Excess (Deficit) of Receipts over
Disbursements and other (Uses) (714) 3,032 57,205 (160) 310 (15,817) 38,190 799 4,094 3 172,696

Fund Balance, January 1 10,121 34,346 383,603 21,916 7,383 89,758 88,684 21,000 55,771 148 1,479,499
Fund Balance, December 31 $ 9,407 $ 37,378 $ 440,808 $ 21,756 $ 7,693 $ 73,941 $ 126,874 $ 21,799 $ 59,865 $ 151 $ 1,652,195

55
 C PA S a A D V I S O R S
independent Auditors' Report on internal Control over Financial Reporting and on
Compliance and other Matters Based on an Audit of Financial Statements Performed in
Accordance with Government Auditing Standards

Taney County Commission
Taney County
Forsyth, Missouri

We have audited, 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 United States, the financial statements of the governmental activities, business-type activities, the discretely
presented component units, each major fund and the aggregate remaining fund information of Taney County, Missouri,
as of and for the year ended December 31, 2019, and the related notes to the financial statements, which collectively
comprise Taney County, Missouri's basic financial statements and have issued our report dated June 16, 2020.
The financial statements of Tantone Industries, Inc. were not audited in accordance with Government Auditing Standards
and, accordingly, this report does not include reporting on internal control over financial reporting or instances of
reportable noncompliance associated with Tantone Industries, Inc.
Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered Taney County, Missouri's internal control
over financial reporting to determine the audit procedures that are appropriate in the circumstances for the purpose of
expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness
of Taney County, Missouri's internal control. Accordingly, we do not express an opinion on the effectiveness of the
County's internal control.
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, or detect and 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 County'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.
Our consideration of the internal control was for the limited purpose described in the first paragraph of this section and
was not designed to identify all deficiencies in the internal control that might be material weaknesses or significant
deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we
consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

www.kpmcpa.com
1445 E. Republic Road Springfield, MO 65804 | 417-882-4300 1 fax 417-882-4343

56
Compliance and Other Matters
As part of obtaining reasonable assurance about whether Taney County, Missouri's financial statements are free from
material misstatement, we 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 of financial
statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit
and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or
other matters that are required to be reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results
of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This
report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the
entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

KP/tt
KPM CPAs, PC
Springfield, Missouri
June 16, 2020

57
 C P A S & A D V IS O R S

Taney County Commission
Taney County
Forsyth, Missouri

In planning and performing our audit of the basic financial statements of Taney County, Missouri, for the year ended
December 31, 2019, we considered the County's internal control to determine our auditing procedures for the purpose of
expressing an opinion on the basic financial statements and not to provide assurance on the internal control. Accordingly,
we do not express an opinion on the effectiveness of the County's internal control over financial reporting.
In addition to the Report on internal Control over Financial Reporting and on Compliance and Other Matters Based on an
Audit of Financial Statements Performed in Accordance with Government Auditing Standards, we became aware of
additional matters to bring to your attention. The following paragraphs summarize our comments and recommendations
regarding these matters.
1. Signatures on Checks
During our audit, we noted that more than one signature is required on only some of the checks issued from the
County's bank accounts, while some checks issued by the County require only one signature. These accounts
include the Circuit Clerk Accounts. A policy requiring more than one signature on every check is one internai
control procedure to prevent unauthorized disbursements.
We Recommend:
The County review its policy regarding the necessary signatures on checks issued by the various County offices.
The County also needs to modify its depository agreement with its banking institutions to include the instructions
regarding when a check is valid and may be honored by the institution. If the County does not use dual signatures
on the checks, then the County should require that the Auditor's office perform verification procedures on these
accounts.
2. Purchase Orders
Currently, the County purchase order system does not allow for dollar amounts of quoted prices or bid amounts
to be entered on the purchase order. This ability would allow the County to match up the quoted prices and bid
amounts to the invoices prior to payment of the invoice. This would help prevent the overpayment for goods and
services to vendors.
We Recommend:
The County request a modification to the purchase order system to allow for amounts to be entered for quoted
prices and bid amounts. The County should then adopt a policy requiring these amounts to be entered onto the
purchase order and matched to the invoice prior to payment.

www.kpmcpa.com
1445 E. Republic Road Springfield, MO 65804 |417-882-4300 | fax 417-882-4343
500 W. Main Street, Suite 200 Branson, MO 65616 | 417-334-2987 |fax 417-336-3403
Member of The Leading Edge Alliance
 3. Accounts Payable and Payroll
During our audit, we noted the County has segregated accounts payable and payroll functions from the Auditor's
Office. However, the accounts payable and payroll functions are still not under the County Clerk's Office. State
Statutes indicate the responsibility for the functions is with the County Clerk's Office. Also, better segregation of
duties can be achieved if these functions are located in the County Clerk's Office.
We Recommend:
The County consider moving accounts payable and payroll to the County Clerk's Office.
4. Cybersecurity
Cybersecurity threats are increasing and government entities of all sizes are at risk for a breach of their information
systems. With this increase in risk, entities should be continually evaluating risk and taking steps necessary to
ensure the security of information systems. Steps include identifying critical information systems, training
employees to properly identify threats received in emails or by other means, and adopting internal
communication methods other than email.
It is important that entities develop a recovery plan outlining procedures that personnel should follow once a
cybersecurity breach is discovered. Additionally, entities should be aware of any insurance in place to help protect
them from liabilities that can occur as the result of a breach.
We Recommend:
The County evaluate its cybersecurity risks and take the necessary steps to reduce the risk of cybersecurity threats
to their information systems. This evaluation should be performed frequently as technology and information
systems are continually changing.
We will review the status of these comments during our next audit engagement. We will be pleased to discuss them in
further detail at your convenience, to perform any additional study of these matters or to assist you in implementing the
recommendations.
We appreciate this opportunity to serve as Taney County, Missouri's independent auditor and the courtesies and
assistance extended to us by the County's employees.

KPM CPAs, PC
Springfield, Missouri
June 16, 2020