2020 Audit Report

Taney County, Missouri
Basic Financial Statements
Year Ended December 31, 2020
 Table of Contents
Independent Auditors’ Report ............................................................................................................................................... 4
Management’s Discussion and Analysis ................................................................................................................................ 8
Basic Financial Statements
Statement of Net Position – Modified Cash Basis .......................................................................................................... 14
Statement of Activities – Modified Cash Basis ............................................................................................................... 15
Balance Sheet – Governmental Funds – Modified Cash Basis ....................................................................................... 18
Statement of Receipts, Disbursements and Changes in Fund
Balance – Governmental Funds – Modified Cash Basis.................................................................................................. 19
Statement of Net Position – Proprietary Fund – Modified Cash Basis ........................................................................... 20
Statement of Receipts, Disbursements and Changes in Net
Position – Proprietary Fund – Modified Cash Basis........................................................................................................ 21
Statement of Cash Flows – Proprietary Fund – Modified Cash Basis ............................................................................. 22
Statement of Net Position – Custodial Funds – Modified Cash Basis ............................................................................ 23
Statement of Changes in Net Position – Custodial Funds – Modified Cash Basis .......................................................... 24
Notes to the Basic Financial Statements ........................................................................................................................ 25
Supplementary Information
Budgetary Comparison Schedule – General Fund – Modified Cash Basis...................................................................... 45
Budgetary Comparison Schedule – Road and Bridge Trust Fund –
Modified Cash Basis........................................................................................................................................................ 47
Budgetary Comparison Schedule – Road and Bridge Fund –
Modified Cash Basis........................................................................................................................................................ 48
Budgetary Comparison Schedule – Law Enforcement Sales Tax Fund –Modified Cash Basis ....................................... 49
Budgetary Comparison Schedule – County Sewer Sales Tax Fund –Modified Cash Basis ............................................. 50
Budgetary Comparison Schedule – Coronavirus Fund –Modified Cash Basis ................................................................ 51
Note to the Budgetary Comparison Schedules .............................................................................................................. 52
Other Reporting Requirements
Combining Statement of Assets and Fund Balances –
Non-Major Special Revenue Funds – Modified Cash Basis ............................................................................................ 54
Combining Statement of Receipts, Disbursements, and Changes in Fund Balance –
Non-Major Special Revenue Funds – Modified Cash Basis ............................................................................................ 56
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............................................................... 58

2
Independent Auditors' Report on Compliance for each Major Program
and on Internal Control over Compliance Required by the Uniform Guidance ……..………………………………………………….60
Schedule of Expenditures of Federal Awards …………………………………………………………………………………………………………….62
Notes to the Schedule of Expenditures of Federal Awards ………………………………………………………………………………………...63
Summary Schedule of Findings and Questioned Costs ………………………………………………………………………………………………64
Schedule of Prior Audit Findings………………………………………………………………………………………………………………………………..65

3
 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, 2020, 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 did not audit the component
unit financial statements of the Developmentally Disabled Board, Dorgan Weaver Housing Corporation, Combs-Redfern
Apartments, Inc., Tantone Industries, Inc., and Dignity Now Inc.. Those statements were audited by other auditors whose
report has been furnished to us, and our opinion, in so far as it relates to the amounts included for the discretely presented
component units, is based solely on the report of the other auditors. 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 control 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 well 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
500 W. Main Street, Suite 200 Branson, MO 65616 | 417-334-2987 | fax 417-336-3403
Member of The Leading Edge Alliance
4
Opinions
In our opinion, based on our report and the report of the other auditors, the financial statements referred to above present
fairly, in all material 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, 2020, 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 Schedule of Expenditures
of Federal Awards is presented for purposes of additional analysis as required by Title 2 U.S. Code of Federal Regulations
(CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, and is
also not a required part of the basic financial statements.
The Combining Nonmajor fund financial statements and the Schedule of Expenditures of Federal Awards 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
and the Schedule of Expenditures of Federal Awards are fairly stated in all material respects in relation to the basic financial
statements as a whole.

5
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated August 19, 2021, 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.

KPM CPAs, PC
Springfield, Missouri
August 19, 2021

6
Management’s Discussion and Analysis
 Taney County
Management’s Discussion and Analysis
Year Ended December 31, 2020

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, 2020, 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 $3,098,329.

The fund balance for the General Fund increased by $24,417.

The total increase between both Road and Bridge Funds was $895,313.

In 2020 Taney County received less sales tax revenues than what was projected for the budget year.

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”).

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.

8
 Taney County
Management’s Discussion and Analysis
Year Ended December 31, 2020

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 collected) and liabilities and their related 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. Over time, 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.

9
 Taney County
Management’s Discussion and Analysis
Year Ended December 31, 2020

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
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,
2020 2019
Assets
Cash and investments $ 32,212,467 $ 35,310,796
Total Assets $ 32,212,467 $ 35,310,796

Net Position
Restricted $ 25,968,309 $ 28,650,708
Unrestricted 6,244,158 6,660,088
Total Net Position $ 32,212,467 $ 35,310,796

10
 Taney County
Management’s Discussion and Analysis
Year Ended December 31, 2020

Changes in Net Position – Modified Cash Basis
Year Ended December 31,
2020 2019
Receipts
Program Receipts
Charges for services $ 7,140,483 $ 6,172,776
Operating grants and contributions 6,809,862 158,202
Capital grants and contributions 360,411 1,214,919

General Receipts
Sales tax receipts 25,327,884 27,210,904
Motor vehicle sales tax 1,287,987 1,356,780
Other taxes 683,227 796,250
Interest 616,353 590,661
Other receipts 856,996 432,410
Total Receipts 43,083,203 37,932,902

Disbursements
General government 6,675,690 6,848,914
Judicial 1,344,297 1,292,248
Health and wellness 3,559,961 -
Public safety 5,838,252 6,029,380
Public works 50,000 50,000
Highway and roads 8,729,558 9,118,274
Airport 380,837 1,674,469
Sewer 14,214,393 9,288,524
Debt service 1,529,690 1,529,690
Other 1,637,588 1,219,889
Transfer station 2,221,266 1,388,321
Total Disbursements 46,181,532 38,439,709
Increase (Decrease) in Net Position $ (3,098,329) $ (506,807)

Overall receipts of the County increased by $5,150,301 from the prior year. Tax revenues were down $2,064,836 and
charges for services were up $967,707. Overall disbursements of the County were up $7,741,823.

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 increased by $24,417 for the year ended December 31, 2020.
• The Road and Bridge Trust Fund increased by $984,690.

11
 Taney County
Management’s Discussion and Analysis
Year Ended December 31, 2020

• The Law Enforcement Sales Tax Fund increased by $153,083, which increased the fund balance to $1,276,054 as
of December 31, 2020.
• County Sewer Sales Tax Fund decreased $6,415,602, which decreased the fund balance to $7,821,588.

Financial Analysis Budget Versus Actual Results – General Fund
Budget
Original Final Actual
Receipts
Taxes $ 8,628,000 $ 8,628,000 $ 7,899,479
Commissions 750,000 750,000 772,258
Licenses and permits 85,900 85,900 77,551
Intergovernmental receipts 321,000 971,000 260,917
Fees and charges 2,302,500 2,302,500 2,776,288
Other 273,500 273,500 244,440
Total Receipts $ 12,360,900 $ 13,010,900 $ 12,030,933

Disbursements
General government $ 5,932,691 $ 5,932,691 $ 5,753,396
Judicial 1,910,070 1,910,070 1,288,715
Public safety 4,674,501 4,674,501 4,601,117
Public works 50,000 50,000 50,000
Other 2,113,700 2,763,700 1,637,588
Airport 716,400 716,400 380,837
Total Disbursements $ 15,397,362 $ 16,047,362 $ 13,711,653

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.

12
 Taney County
Management’s Discussion and Analysis
Year Ended December 31, 2020

Economic Factors and Next Year’s Budget
The COVID-19 pandemic economically impacted Taney County in 2020. Taney County’s economy was affected mightily
with businesses being shut down or required to have limited operations during the COVID-19 pandemic. Without our
businesses being in full operation, the County was impacted with receiving lower sales tax revenues than what was
budgeted for the 2020 Budget year.
The COVID-19 pandemic will continue to impact Taney County’s Budget for 2021. Just how detrimental is unforeseen at
this time. With more knowledge about the pandemic and vaccines being available to our country, Taney County should
be able to increase business operations, which would significantly improve the sales tax revenues and improve the
economy.
In August of 2020, Taney County Citizens passed a new Law Enforcement Tax to help with the ever increasing services
needed to protect and serve the people with Law Enforcement and Judicial services. The new Law Enforcement Tax will
provide increased services within the Prosecutor, Juvenile and Sheriff Departments. This will help the county support the
additional output for these needed services in our County for 2021 Budget year.
There are a few major capital improvement projects that will take place in 2021. One of these capital improvements will
be the repair to the county parking garage. Another capital improvement is the sewer system project in Venice on the
Lake. These capital improvements and more will help improve the structure of the county and continue to improve the
economy.

Contacting the County’s Financial Management
You may contact the Auditor’s office for more information by phone at (417) 546-7215 or by mail at:

P.O. Box 1606
Forsyth, MO 65653

13
 Taney County
Statement of Net Position – Modified Cash Basis
December 31, 2020

Primary Government Component Units
Taney County Develop- Dorgan-Weaver
Governmental Business-Type Regional Taney County mentally Housing Combs-Redfern Tantone
Activities Activities Total Sewer District Health Center Disabled Board Corporation Apartments Inc. Industries Inc. Dignity Now Inc.
Assets
Cash and investments $ 31,488,498 $ 723,969 $ 32,212,467 $ 6,345,208 $ 1,642,154 $ 1,482,260 $ 106,825 $ 72,130 $ 147,436 $ 67,238
Total Assets $ 31,488,498 $ 723,969 $ 32,212,467 $ 6,345,208 $ 1,642,154 $ 1,482,260 $ 106,825 $ 72,130 $ 147,436 $ 67,238

Net Position
Restricted $ 25,968,309 $ - $ 25,968,309 $ 3,599,910 $ - $ - $ - $ - $ - $ -
Unrestricted 5,520,189 723,969 6,244,158 2,745,298 1,642,154 1,482,260 106,825 72,130 147,436 67,238
Total Net Position $ 31,488,498 $ 723,969 $ 32,212,467 $ 6,345,208 $ 1,642,154 $ 1,482,260 $ 106,825 $ 72,130 $ 147,436 $ 67,238

See accompanying notes to the financial statements.
14
 Taney County
Statement of Activities – Modified Cash Basis
Year Ended December 31, 2020

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 $ (6,675,690) $ 2,647,221 $ 85,883 $ 14,956 $ (3,927,630) $ - $ (3,927,630)
Judicial (1,344,297) 203,927 11,414 - (1,128,956) - (1,128,956)
Health and wellness (3,559,961) - 6,561,471 - 3,001,510 - 3,001,510
Public safety (5,838,252) 1,679,776 98,131 - (4,060,345) - (4,060,345)
Public works (50,000) - - - (50,000) - (50,000)
Highway and roads (8,729,558) - 51,563 199,804 (8,478,191) - (8,478,191)
Airport (380,837) 425,440 - 145,651 190,254 - 190,254
Sewer (14,214,393) - - - (14,214,393) - (14,214,393)
Debt service (1,529,690) - - - (1,529,690) - (1,529,690)
Other (1,637,588) 79,240 1,400 - (1,556,948) - (1,556,948)
Total Governmental Activities (43,960,266) 5,035,604 6,809,862 360,411 (31,754,389) - (31,754,389)

Business-Type Activities
Transfer station (2,221,266) 2,104,879 - - - (116,387) (116,387)
Total Business-Type Activities (2,221,266) 2,104,879 - - - (116,387) (116,387)
Total Primary Government $ (46,181,532) $ 7,140,483 $ 6,809,862 $ 360,411 (31,754,389) (116,387) (31,870,776)

See accompanying notes to the financial statements.
15
 Taney County
Statement of Activities – Modified Cash Basis
Year Ended December 31, 2020

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 $ (13,505,112) $ 1,959,072 $ 11,652,437 $ -
Taney County Health Center (3,330,779) 734,387 1,147,380 -
Developmentally Disabled Board (2,831,918) 1,877,991 56,050 -
Dorgan-Weaver Housing Corp. (67,395) 75,433 - -
Combs-Redfern Apartments Inc. (67,831) 81,152 - -
Tantone Industries, Inc. (518,160) 246,167 311,663 -
Dignity Now, Inc. (319) - 5,533 -
Total Component Units $ (20,321,514) $ 4,974,202 $ 13,173,063 $ -

General Receipts, Lease Proceeds and Transfers
Ad valorem taxes - - -
Sales taxes 25,327,884 - 25,327,884
Motor vehicle sales taxes and gas taxes 1,287,987 - 1,287,987
Other taxes 683,227 - 683,227
Interest 599,268 17,085 616,353
Other receipts 751,339 105,657 856,996
Lease Proceeds - - -
Transfers 389,941 (389,941) -
Total General Receipts, Lease Proceeds and Transfers 29,039,646 (267,199) 28,772,447
Increase (Decrease) in Net Position (2,714,743) (383,586) (3,098,329)
Net Position, Beginning of year 34,203,241 1,107,555 35,310,796
Net Position, End of year $ 31,488,498 $ 723,969 $ 32,212,467

See accompanying notes to the financial statements.
16
 Taney County
Statement of Activities – Modified Cash Basis
Year Ended December 31, 2020

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 $ 106,397 $ - $ - $ - $ - $ - $ -
Taney County Health Center - (1,449,012) - - - - -
Developmentally Disabled Board - - (897,877) - - - -
Dorgan-Weaver Housing Corp. - - - 8,038 - - -
Combs-Redfern Apartments Inc. - - - - 13,321 - -
Tantone Industries, Inc. - - - - - 39,670 -
Dignity Now, Inc. - - - - - - 5,214
Total Component Units 106,397 (1,449,012) (897,877) 8,038 13,321 39,670 5,214

General Receipts, Lease Proceeds and
Transfers
Ad valorem taxes - 1,546,136 1,105,097 - - - -
Sales taxes - - - - - - -
Motor vehicle sales taxes and gas taxes - - - - - - -
Other taxes - - - - - - -
Interest 63,661 9,442 5,901 146 57 - 50
Other receipts 50,661 117,252 274,937 3,616 4,094 - -
Lease Proceeds 2,000,000 - - - - - -
Transfers - - - - - - -
Total General Receipts, Lease
Proceeds and Transfers 2,114,322 1,672,830 1,385,935 3,762 4,151 - 50

Increase (Decrease) in Net Position 2,220,719 223,818 488,058 11,800 17,472 39,670 5,264

Net Position, Beginning of year 4,124,489 1,418,336 994,202 95,025 54,658 107,766 61,974
Net Position, End of year $ 6,345,208 $ 1,642,154 $ 1,482,260 $ 106,825 $ 72,130 $ 147,436 $ 67,238
See accompanying notes to the financial statements.
17
 Taney County
Balance Sheet – Governmental Funds – Modified Cash Basis
December 31, 2020

Special Revenue Funds
Nonmajor Total
General Road & Bridge Road & Bridge Law Enforcement County Sewer Coronavirus Special Revenue Governmental
Fund Trust Fund Fund Sales Tax Fund Sales Tax Fund Fund Funds Funds
Assets
Cash and investments $ 5,140,142 $ 11,371,206 $ 1,599,267 $ 1,276,054 $ 7,821,588 $ 2,572,592 $ 1,707,649 $ 31,488,498
Total Assets $ 5,140,142 $ 11,371,206 $ 1,599,267 $ 1,276,054 $ 7,821,588 $ 2,572,592 $ 1,707,649 $ 31,488,498

Fund Balances
Restricted for
Road and Bridge $ - $ 11,371,206 $ 1,599,267 $ - $ - $ - $ - $ 12,970,473
Public Safety - - - 1,276,054 - - 389,964 1,666,018
Sewer - - - - 7,821,588 - - 7,821,588
Health and Welfare - - - - - 2,572,592 - 2,572,592
Elections - - - - - - 59,080 59,080
Recorder - - - - - - 463,617 463,617
Judicial - - - - - - 285,766 285,766
Tax maintenance - - - - - - 129,175 129,175
Assigned to
Assessment Fund - - - - - - 380,047 380,047
Unassigned 5,140,142 - - - - - - 5,140,142
Total Fund Balances $ 5,140,142 $ 11,371,206 $ 1,599,267 $ 1,276,054 $ 7,821,588 $ 2,572,592 $ 1,707,649 $ 31,488,498

See accompanying notes to the financial statements.
18
 Taney County
Statement of Receipts, Disbursements, and Changes In Fund Balance – Governmental Funds – Modified Cash Basis
Year Ended December 31, 2020

Special Revenue Funds
Road and Road and Law County Sewer Nonmajor Total
General Bridge Bridge Enforcement Sales Tax Coronavirus Governmental Governmental
Fund Trust Fund Fund Sales Tax Fund Fund Fund Funds Funds
Receipts
Taxes $ 7,899,479 $ 7,695,227 $ 1,287,987 $ 2,239,271 $ 7,695,101 $ - $ 482,029 $ 27,299,094
Collector's commission 772,258 - - - - - - 772,258
Licenses and permits 77,551 - - - - - - 77,551
Intergovernmental 260,917 217,307 51,563 - - 6,595,323 89,259 7,214,369
Fees and charges 2,776,288 - - - - - 1,409,509 4,185,797
Other 244,440 634,572 111,173 12,522 205,448 - 98,358 1,306,513
Total Receipts 12,030,933 8,547,106 1,450,723 2,251,793 7,900,549 6,595,323 2,079,155 40,855,582

Disbursements
General government 5,753,396 - - - - - 922,294 6,675,690
Judicial 1,288,715 - - - - - 55,582 1,344,297
Health and wellness - - - - - 3,559,961 - 3,559,961
Public safety 4,601,117 - - 569,020 - - 668,115 5,838,252
Public works 50,000 - - - - - - 50,000
Airport 380,837 - - - - - - 380,837
Other 1,637,588 - - - - - - 1,637,588
Highway and roads - 7,527,454 1,202,104 - - - - 8,729,558
Sewer - - - - 14,214,393 - - 14,214,393
Debt service - - - 1,529,690 - - - 1,529,690
Total Disbursements 13,711,653 7,527,454 1,202,104 2,098,710 14,214,393 3,559,961 1,645,991 43,960,266

Excess (Deficit) of Receipts Over Disbursements (1,680,720) 1,019,652 248,619 153,083 (6,313,844) 3,035,362 433,164 (3,104,684)

Other Financing Sources (Uses)
Operating transfers in (out) 1,705,137 (34,962) (337,996) - (101,758) (462,770) (377,710) 389,941
Total other Financing Sources (Uses) 1,705,137 (34,962) (337,996) - (101,758) (462,770) (377,710) 389,941

Excess (Deficit) of Receipts and Other Sources
Over Disbursements and Other (Uses) 24,417 984,690 (89,377) 153,083 (6,415,602) 2,572,592 55,454 (2,714,743)

Fund Balance, January 1 5,115,725 10,386,516 1,688,644 1,122,971 14,237,190 - 1,652,195 34,203,241
Fund Balance, December 31 $ 5,140,142 $ 11,371,206 $ 1,599,267 $ 1,276,054 $ 7,821,588 $ 2,572,592 $ 1,707,649 $ 31,488,498

See accompanying notes to the financial statements.
19
 Taney County
Statement of Net Position – Proprietary Fund – Modified Cash Basis
December 31, 2020

Proprietary
Fund
Transfer
Station Fund
Assets
Current Assets
Cash and investments $ 723,969
Total Assets $ 723,969

Net Position
Unrestricted $ 723,969
Total Net Position $ 723,969

See accompanying notes to the financial statements.
20
 Taney County
Statement of Receipts, Disbursements, and Changes in Net Position – Proprietary Fund – Modified Cash Basis
Year Ended December 31, 2020

Proprietary
Fund
Transfer
Station Fund
Operating Receipts
Charges for services $ 2,104,879
Total Operating Receipts 2,104,879

Operating Disbursements
Salaries and employee benefits 639,528
Insurance 17,097
Supplies 150,979
Telephone and utilities 2,663
Repair and maintenance 177,216
Landfill services 567,594
Capital Outlay 653,889
Other 12,300
Total Operating Disbursements 2,221,266

Operating (Loss) (116,387)

Nonoperating Receipts
Interest receipts 17,085
Other receipts 105,657
Total Nonoperating Receipts 122,742

Income Before Operating Transfers 6,355

Operating transfers (out) (389,941)
Net (Loss) (383,586)

Net Position, January 1 1,107,555
Net Position, December 31 $ 723,969

See accompanying notes to the financial statements.
21
 Taney County
Statement of Cash Flows – Proprietary Fund – Modified Cash Basis
Year Ended December 31, 2020

Enterprise
Fund
Transfer
Station Fund
Cash Flows from Operating Activities
Cash received from customers $ 2,210,536
Cash paid to suppliers (1,581,738)
Cash paid to employees (639,528)
Net Cash (Used) by Operating Activities (10,730)

Cash Flows from Investing Activities
Interest received 17,085
Net Cash Provided by Investing Activities 17,085

Cash Flows from Noncapital Financing Activities
Transfers (to) other funds (389,941)
Net Cash (Used) by Noncapital Financing Activities (389,941)

Net (Decrease) in Cash and Cash Equivalents (383,586)

Cash and Cash Equivalents, Beginning of year 1,107,555
Cash and Cash Equivalents, End of year $ 723,969

Reconciliation of Operating Income to Net Cash Provided by Operating Activities
Operating (loss) $ (116,387)
Adjustments to reconcile operating Income to net cash provided by operating activities:
Other receipts 105,657
Net Cash (Used) by Operating Activities $ (10,730)

See accompanying notes to the financial statements.
22
 Taney County
Statement of Net Position – Custodial Funds – Modified Cash Basis
December 31, 2020

Custodial
Funds
Assets
Cash and cash equivalents $ 26,581,696
Investments 128,425
Total Assets $ 26,710,121

Liabilities
Due to others $ 507,138
Due to other governments 26,202,983
Total Liabilities 26,710,121

Net Position
Unrestricted -
Total Net Position $ -

See accompanying notes to the financial statements.
23
 Taney County
Statement of Changes in Net Position – Custodial Funds – Modified Cash Basis
December 31, 2020

Custodial
Funds
Additions
Collections
Taxes for other governments $ 67,409,962
Fees 2,798,720
Interest 6,663
Total Additions 70,215,345

Deductions
Distributions
Taxes distributed to other governments 68,452,296
Distribution to others 1,763,049
Total Deductions 70,215,345

Excess of Additions Over Deductions -

Net Position, beginning of year -
Net Position, end of year $ -

See accompanying notes to the financial statements.
24
 Taney County
Notes to the Financial Statements
December 31, 2020

1. Summary of Significant Accounting Policies
Taney County, Missouri (the County) is a county of the 1st class 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 below 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.

25
 Taney County
Notes to the Financial Statements
December 31, 2020

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.

26
 Taney County
Notes to the Financial Statements
December 31, 2020

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.
Coronavirus Fund: The Coronavirus Fund of the County is used to account for COVID-19 relief funds provided by
the Treasury Department for navigating the impact of the COVID-19 outbreak.

The County also reports the following fund types:

Custodial Funds: Custodial funds account for miscellaneous assets held by the County for other funds,
governmental units, and individuals. The custodial 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.

27
 Taney County
Notes to the Financial Statements
December 31, 2020

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.

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.

28
 Taney County
Notes to the Financial Statements
December 31, 2020

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.

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, 2020, was $270,846.

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. All 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

29
 Taney County
Notes to the Financial Statements
December 31, 2020

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

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, 2020, 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, 2020, are as follows:

Investment Type Maturity Carrying Value Fair Value
Taney County
Certificates of Deposit 1/13/2021 - 12/27/2022 $ 14,155,000 $ 14,360,851
$ 14,155,000 $ 14,360,851

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 able to recover
the value of its investments or collateral securities that are in possession of an outside party. Certificates of deposit are

30
 Taney County
Notes to the Financial Statements
December 31, 2020

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, 2020, all Certificates of Deposit are entirely insured or collateralized with
securities.

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, 2020, all bank balances on deposit
are entirely insured or collateralized.

The District’s investments at December 31, 2020, are as follows:

Investment Type Maturity Fair Value
Certificate of Deposit 1/28/2021 $ 225,395

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, 2020, all 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 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, 2020, all bank balances on deposit
are entirely insured or collateralized.

Investments of the Board as of December 31, 2020, are as follows:

Investment Type Maturity Fair Value
Dignity Now
Community Foundation of the Ozarks Investment Pool N/A $ 38,936

31
 Taney County
Notes to the Financial Statements
December 31, 2020

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, 2020, 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, 2020, 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.

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.

32
 Taney County
Notes to the Financial Statements
December 31, 2020

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.

Eligible employees of the employer contribute 4% to the pension plan. The employer did not elect to make all 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

33
 Taney County
Notes to the Financial Statements
December 31, 2020

During 2020 and 2019 the County collected and remitted to CERF, employee contributions of $286,867 and $283,146,
respectively, for the years then ended. The County’s contributions to CERF were $774,484 for the year ended December
31, 2020.

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 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 (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.

2020 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, 2020, the following employees were covered by the benefit terms:

General Police Total
Inactive employees or beneficiaries currently receiving benefits 144 38 182
Inactive employees entitled to but not yet receiving benefits 103 28 131
Active employees 231 43 274
478 109 587

34
 Taney County
Notes to the Financial Statements
December 31, 2020

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 16.5% (Police) of annual covered payroll.

During the year ended December 31, 2020 the County made contributions of $1,289,995 and the Taney County Health
Department made contributions of $237,842.

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
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.

2020 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.

35
 Taney County
Notes to the Financial Statements
December 31, 2020

Employees Covered by Benefit Terms. At June 30, 2020, the following employees were covered by the benefit terms:

General
Inactive employees or beneficiaries currently receiving benefits 3
Inactive employees entitled to but not yet receiving benefits 2
Active employees 8
13

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 17.7% (General) of annual covered payroll.

During the year ended December 31, 2020, the Taney County Regional Sewer District made contributions of $92,201.

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.

The 2020 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 $ 944,520,450
Personal property 171,475,802
$1,115,996,252
Tax Levy
General Fund $ -

The legal debt margin at December 31, 2020, is computed as follows:

Constitutional debt limit $ 111,599,625
General obligation bonds payable -
Legal Debt Margin $ 111,599,625

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.

36
 Taney County
Notes to the Financial Statements
December 31, 2020

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, 2020, are due as follows:

Administrative
Year Ending December 31, Principal Interest Fee Total
2021 $ 995,000 $ 26,119 $ 5,696 $ 1,026,815
$ 995,000 $ 26,119 $ 5,696 $ 1,026,815

Lease Payable
During the year ended December 31, 2020, in exchange for monies for the purpose of constructing and equipping of an
administration building and maintenance facility, the District granted a property lien to the bank of Missouri, which will
be released upon fulfillment by the District of the lease purchase agreement. The lease purchase bears interest at 2.395%
with principal payments due July 1st of each year. In the event of default, the lessor shall have the right to terminate the
lease after 30 days.

Year Ended
December 31, Principal Interest Total
2021 $ 165,000 $ 44,839 $ 209,839
2022 185,000 44,559 229,559
2023 190,000 40,066 230,066
2024 195,000 35,550 230,550
2025 200,000 30,718 230,718
2026 205,000 25,861 230,861
2027 205,000 20,883 225,883
2028 210,000 15,949 225,949
2029 220,000 10,806 230,806
2030 225,000 5,463 230,463
$ 2,000,000 $ 274,694 $ 2,274,694

37
 Taney County
Notes to the Financial Statements
December 31, 2020

The following table is a summary of the changes in the long-term debt for the year ended December 31, 2020:

Balance Balance
December 31, New December 31, Current
2019 Obligations Retired 2020 Portion
2004 SRF Revenue Bonds Payable $ 1,960,000 $ - $ 965,000 $ 995,000 $ 995,000
Capital Lease Payable - 2,000,000 - 2,000,000 165,000
$ 1,960,000 $ 2,000,000 $ 965,000 $ 2,995,000 $ 1,160,000

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, 2020, are as follows:

Year Ending December 31,
2021 $ 1,609,487
2022 1,638,581
2023 831,463
Total Minimum Lease Payments 4,079,531
Less Amount Representing Interest (144,531)
Principal Balance, December 31, 2020 $ 3,935,000

The following schedule presents the changes in the long-term debt for the year ended December 31, 2020:

Balance Balance
December 31, December 31, Current
2019 Additions Retirements 2020 Portion
2015A Certificates of
$ 5,405,000 $ - $ 1,470,000 $ 3,935,000 $ 1,530,000
Participation
Compensated absences 193,246 77,600 - 270,846 -
$ 5,598,246 $ 77,600 $ 1,470,000 $ 4,205,846 $ 1,530,000

38
 Taney County
Notes to the Financial Statements
December 31, 2020

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, 2020, based on the current rate, are due as follows:
Year Ending December 31, Principal Interest Total
2021 $ 71,435 $ 7,358 $ 78,793
2022 74,952 3,841 78,793
2023 38,904 492 39,396
$ 185,291 $ 11,691 $ 196,982

The following table is a summary of the changes in the long-term debt for the year ended December 31, 2020:

Balance Balance
December 31, December 31, Current
2019 Additions Retirements 2020 Portion
2008 Certificate of Participation $ 253,296 $ - $ 68,005 $ 185,291 $ 71,435
Compensated absences 63,776 34,247 - 98,023 -
$ 317,072 $ 34,247 $ 68,005 $ 283,314 $ 71,435

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.

39
 Taney County
Notes to the Financial Statements
December 31, 2020

The total annual minimum lease payments required at December 31, 2020, are as follows:

Year Ending December 31, Principal
2021 $ 115,373
2022 117,578
2023 119,643
2024 121,568
2025 123,354
Total Minimum Lease Payments 597,516
Less Amount Representing Interest (47,516)
Principal Balance, December 31, 2020 $ 550,000

The following schedule presents the changes in the long-term debt for the year ended December 31, 2020:

Balance Balance
December 31, December 31, Current
2019 Additions Retirements 2020 Portion
2010 Certificates of Participation $ 645,000 $ - $ 95,000 $ 550,000 $ 100,000

12. Line of Credit – Board for the Developmentally Disabled
At December 31, 2020, 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, 2020, 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, 2020:

Balance Balance
December 31, December 31,
2019 Additions Deletions 2020
Line of Credit $ 186,325 $ - $ 186,325 $ -

13. Mortgage Payable – Dorgan-Weaver Housing Corporation
As of December 31, 2020, 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.

40
 Taney County
Notes to the Financial Statements
December 31, 2020

The following represents the changes in the mortgage payable during the year ended December 31, 2020:

Balance, December 31, 2019 $ 1,531,400
Additions -
Repayments -
Balance, December 31, 2020 $ 1,531,400

14. Mortgage Payable – Combs-Redfern Apartments Inc.
As of December 31, 2020, 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, 2019 $ 2,054,431
Additions -
Repayments -
Balance, December 31, 2020 $ 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, 2020, consisted of the following:

Transfers
In (Out)
General Fund $ 1,705,137
Road and Bridge Trust Fund (34,962)
Road and Bridge Fund (337,996)
Sewer Sales Tax Fund (101,758)
Assessment Fund (95,285)
Tax Maintenance Fund (31,000)
E-911 Fund (118,028)
Recorder Tech Fund (133,397)
Transfer Station Fund (389,941)
Coronavirus Fund (462,770)
$ -

41
 Taney County
Notes to the Financial Statements
December 31, 2020

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, 2020, the County was committed to the following contracts for sewer improvements:

• Flat Creek Excavating in the amount of $226,524
• Tom Boyce Excavating in the amount of $563,581
• Excel Excavating in the amount of $909,403
At December 31, 2020, the County was committed to the following intergovernmental funding agreements:
• City of Hollister WWFT and Sanitary Sewer Improvement Project $2,953
• City of Hollister – Hollister Inn Lift Station Replacement $11,000
• City of Rockaway Beach WWFT Screening and Grit Removal Project $50,500
• City of Hollister Tertiary Filtration Project $113,760
• City of Branson Sanitary Sewer Infrastructure Improvement Project $255,931

18. Commitments – Taney County Regional Sewer District
As of December 31, 2020, the District was committed to Tom Boyce Excavating in the amount of $503,702 and Excel
Excavating in the amount of $840,880 and Flat Creek Excavating in the amount of $1,100,475 and Rich Kramer
Construction in the amount of $1,394,646 for utility improvements.

19. Tax Abatements
Taney County
As of December 31, 2020, 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 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.

Sales tax revenues were reduced by $2,504,018 and $311,744 under the Tax Incremental Financing Agreement and by the
City of Branson, Missouri and by the by the City of Hollister, Missouri, respectively.

42
 Taney County
Notes to the Financial Statements
December 31, 2020

Taney County Board for the Developmentally Disabled
As of December 31, 2020, 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.

Taney County Health Department
As of December 31, 2020, 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 $66,036 and $7,951 under the Tax Incremental Financing Agreements entered into by the City of Branson,
Missouri and the City of Hollister, respectfully.

20. Risks & Uncertainties
During 2020, 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. 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.

43
Supplementary Information
 Taney County
Budgetary Comparison Schedule – General Fund – Modified Cash Basis
Year Ended December 31, 2020

Variance
Original Final with Final
Receipts Budget Budget Actual Budget
Taxes
County sales tax $ 8,408,000 $ 8,408,000 $ 7,692,248 $ (715,752)
Payment in lieu of taxes 210,000 210,000 190,752 (19,248)
Other taxes 10,000 10,000 16,479 6,479
8,628,000 8,628,000 7,899,479 (728,521)
Collector's Commission
Collection commissions 750,000 750,000 772,258 22,258

Licenses and Permits
Beverage licenses 85,000 85,000 76,317 (8,683)
ATV permits 900 900 1,234 334
85,900 85,900 77,551 (8,349)
Intergovernmental Receipts
Federal 313,000 963,000 249,037 (713,963)
Other 8,000 8,000 11,880 3,880
321,000 971,000 260,917 (710,083)
Fees and Charges
Court 73,000 73,000 49,607 (23,393)
Public administration 70,000 70,000 92,651 22,651
County clerk 800 800 780 (20)
Recorder of deeds 650,000 650,000 614,407 (35,593)
Tax sale publication 17,000 17,000 1,262 (15,738)
Planning and zoning 30,000 30,000 33,803 3,803
Sheriff fees 770,000 770,000 1,414,595 644,595
Phone and vending 700 700 395 (305)
Election reimbursement 90,000 90,000 63,661 (26,339)
Computer room 1,000 1,000 447 (553)
Animal Control 90,000 90,000 79,240 (10,760)
Airport 510,000 510,000 425,440 (84,560)
2,302,500 2,302,500 2,776,288 473,788
Other
Interest income 75,500 75,500 87,243 11,743
Miscellaneous 168,000 168,000 122,419 (45,581)
Sale of property 30,000 30,000 34,778 4,778
273,500 273,500 244,440 (29,060)
Total Receipts 12,360,900 13,010,900 12,030,933 (979,967)

See accompanying notes to the Budgetary Comparison Schedules.
45
 Taney County
Budgetary Comparison Schedule – General Fund – Modified Cash Basis
Year Ended December 31, 2020

Variance
Original Final With Final
Budget Budget Actual Budget
Disbursements
Current
General Government
University extension 47,258 47,258 44,972 2,286
Collector of revenue 80,029 80,029 237,465 (157,436)
Treasurer 21,450 21,450 115,868 (94,418)
Recorder of deeds 253,608 253,608 225,407 28,201
County commission 272,879 272,879 246,230 26,649
Administrative office 598,528 598,528 617,982 (19,454)
Employee fringe benefits 2,970,000 2,970,000 2,630,389 339,611
Information technology 365,060 365,060 308,286 56,774
Planning and zoning 182,327 182,327 163,786 18,541
Election and voter registration 236,100 236,100 234,067 2,033
County clerk 189,802 189,802 195,641 (5,839)
Auditor 4,700 4,700 114,164 (109,464)
Building and grounds 710,950 710,950 619,139 91,811
5,932,691 5,932,691 5,753,396 179,295
Judicial
Court administration 145,115 145,115 9,192 135,923
Circuit judge 268,115 268,115 169,064 99,051
Circuit clerk 135,015 135,015 18,913 116,102
Coroner 202,195 202,195 97,737 104,458
Court reporter 2,500 2,500 1,327 1,173
Public administrator 138,875 138,875 134,798 4,077
Juvenile 241,114 241,114 229,276 11,838
Prosecuting attorney 777,141 777,141 628,408 148,733
1,910,070 1,910,070 1,288,715 621,355
Public Safety
Sheriff 2,625,290 2,625,290 2,707,616 (82,326)
Jail 1,739,532 1,739,532 1,616,113 123,419
Animal control 238,182 238,182 216,911 21,271
Emergency management 71,497 71,497 60,477 11,020
4,674,501 4,674,501 4,601,117 73,384
Other 2,113,700 2,763,700 1,637,588 1,126,112
Public Works
Pooled Services 50,000 50,000 50,000 -
Airport
Airport 716,400 716,400 380,837 335,563
Total Disbursements 15,397,362 16,047,362 13,711,653 2,335,709
(Deficit) of Receipts Over Disbursements (3,036,462) (3,036,462) (1,680,720) 1,355,742
Other Financing Sources (Uses)
Operating transfers (out) (1,000,000) (1,000,000) (300,000) 700,000
Operating transfers in 2,279,942 2,279,942 2,005,137 (274,805)
Total Other Financing Sources (Uses) 1,279,942 1,279,942 1,705,137 425,195
(Deficit) of Receipts and Other Sources Over
Disbursements and Other (Uses) (1,756,520) (1,756,520) 24,417 1,780,937
Fund Balance, January 1 5,115,725 5,115,725 5,115,725 -
Fund Balance, December 31 $ 3,359,205 $ 3,359,205 $ 5,140,142 $ 1,780,937
See accompanying notes to the Budgetary Comparison Schedules.
46
 Taney County
Budgetary Comparison Schedule – Road and Bridge Trust Fund – Modified Cash Basis
Year Ended December 31, 2020

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Taxes $ 8,400,000 $ 8,400,000 $ 7,695,227 $ (704,773)
Intergovernmental receipts 1,300,000 1,300,000 217,307 (1,082,693)
Other receipts 150,000 150,000 634,572 484,572
Total Receipts 9,850,000 9,850,000 8,547,106 (1,302,894)

Disbursements
Highway and Roads
Wages and benefits 2,780,000 2,780,000 2,258,851 521,149
Computer related disbursements 56,000 56,000 21,830 34,170
Mileage and training 5,000 5,000 1,118 3,882
Professional services 55,000 55,000 36,906 18,094
Rental equipment 5,000 5,000 11,934 (6,934)
Telephone and utilities 72,500 72,500 58,905 13,595
Insurance 150,000 150,000 142,013 7,987
Repair and maintenance 470,000 470,000 521,815 (51,815)
Equipment 1,504,000 1,504,000 1,481,185 22,815
Road construction 3,780,000 3,780,000 1,120,049 2,659,951
Road supplies 2,616,000 2,616,000 1,825,683 790,317
Other supplies 50,350 50,350 33,476 16,874
Other 1,021,200 1,021,200 13,689 1,007,511
Total Disbursements 12,565,050 12,565,050 7,527,454 5,037,596

Excess (Deficit) of Receipts Over Disbursements (2,715,050) (2,715,050) 1,019,652 3,734,702

Other Financing Sources (Uses)
Operating transfers in 330,000 330,000 300,000 (30,000)
Operating transfers (out) (334,962) (334,962) (334,962) -
Total Other Financing Sources (Uses) (4,962) (4,962) (34,962) (30,000)

Excess (Deficit) of Receipts and Other
Sources Over Disbursements and Other
(Uses) (2,720,012) (2,720,012) 984,690 3,704,702

Fund Balance, January 1 10,386,516 10,386,516 10,386,516 -
Fund Balance, December 31 $ 7,666,504 $ 7,666,504 $ 11,371,206 $ 3,704,702

See accompanying notes to the Budgetary Comparison Schedules.
47
 Taney County
Budgetary Comparison Schedule – Road and Bridge Fund – Modified Cash Basis
Year Ended December 31, 2020

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Taxes $ 1,260,000 $ 1,260,000 $ 1,287,987 $ 27,987
Intergovernmental receipts 54,500 54,500 51,563 (2,937)
Other receipts 30,250 30,250 111,173 80,923
Total Receipts 1,344,750 1,344,750 1,450,723 105,973

Disbursements
Highway and Roads
Wages and benefits 1,426,500 1,426,500 1,164,945 261,555
Capital Outlay 531,500 531,500 26,859 504,641
Other 10,000 10,000 10,300 (300)
Total Disbursements 1,968,000 1,968,000 1,202,104 765,896

Excess (Deficit) of Receipts Over Disbursements (623,250) (623,250) 248,619 871,869

Other Financing (Uses)
Operating transfers (out) (337,996) (337,996) (337,996) -
Total Other Financing (Uses) (337,996) (337,996) (337,996) -

Excess (Deficit) of Receipts Over
Disbursements and Other (Uses) (961,246) (961,246) (89,377) 871,869

Fund Balance, January 1 1,688,644 1,688,644 1,688,644 -
Fund Balance, December 31 $ 727,398 $ 727,398 $ 1,599,267 $ 871,869

See accompanying notes to the Budgetary Comparison Schedules.
48
 Taney County
Budgetary Comparison Schedule – Law Enforcement Sales Tax Fund – Modified Cash Basis
Year Ended December 31, 2020

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Taxes $ 2,100,000 $ 2,100,000 $ 2,239,271 $ 139,271
Other receipts 10,000 10,000 12,522 2,522
Total Receipts 2,110,000 2,110,000 2,251,793 141,793

Disbursements
Public Safety 860,220 860,220 569,020 -
Debt Service 1,600,000 1,600,000 1,529,690 1,030,980
Total Disbursements 2,460,220 2,460,220 2,098,710 1,030,980

Excess (Deficit) of Receipts Over Disbursements (350,220) (350,220) 153,083 503,303

Other Financing Sources (Uses)
Operating transfers in 1,000,000 1,000,000 300,000 (700,000)
Operating transfers (out) (1,000,000) (1,000,000) (300,000) 700,000
Total Other Financing Sources (Uses) - - - -

(Deficit) of Receipts and Other Sources Over
Disbursements and Other (Uses) (350,220) (350,220) 153,083 503,303

Fund Balance, January 1 1,122,971 1,122,971 1,122,971 -
Fund Balance, December 31 $ 772,751 $ 772,751 $ 1,276,054 $ 503,303

See accompanying notes to the Budgetary Comparison Schedules.
49
 Taney County
Budgetary Comparison Schedule – County Sewer Sales Tax Fund – Modified Cash Basis
Year Ended December 31, 2020

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Taxes $ 8,400,000 $ 8,400,000 $ 7,695,101 $ (704,899)
Other receipts 142,321 142,321 205,448 63,127
Total Receipts 8,542,321 8,542,321 7,900,549 (641,772)

Disbursements
Sewer 18,154,780 18,154,780 14,214,393 3,940,387
Total Disbursements 18,154,780 18,154,780 14,214,393 3,940,387

(Deficit) of Receipts Over Disbursements (9,612,459) (9,612,459) (6,313,844) 3,298,615

Other Financing (Uses)
Operating transfers (out) (101,758) (101,758) (101,758) -
Total Other Financing (Uses) (101,758) (101,758) (101,758) -

(Deficit) of Receipts Over Disbursements and
Other (Uses) (9,714,217) (9,714,217) (6,415,602) 3,298,615

Fund Balance, January 1 14,237,190 14,237,190 14,237,190 -
Fund Balance, December 31 $ 4,522,973 $ 4,522,973 $ 7,821,588 $ 3,298,615

See accompanying notes to the Budgetary Comparison Schedules.
50
 Taney County
Budgetary Comparison Schedule – Coronavirus Fund – Modified Cash Basis
Year Ended December 31, 2020

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Intergovernmental $ - $ 6,601,471 $ 6,595,323 $ (6,148)
Total Receipts - 6,601,471 6,595,323 (6,148)

Disbursements
Health and wellness - 6,601,471 3,559,961 3,041,510
Total Disbursements - 6,601,471 3,559,961 3,041,510

Excess of Receipts Over Disbursements - - 3,035,362 3,035,362

Other Financing (Uses)
Operating transfers (out) - - (462,770) (462,770)
Total Other Financing (Uses) - - (462,770) (462,770)

Excess of Receipts Over Disbursements and
Other (Uses) - - 2,572,592 2,572,592

Fund Balance, January 1 - - - -
Fund Balance, December 31 $ - $ - $ 2,572,592 $ 2,572,592

See accompanying notes to the Budgetary Comparison Schedules.
51
 Taney County
Notes to the Budgetary Comparison Schedules
Year Ended December 31, 2020

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.

52
Other Reporting Requirements
 Taney County
Combining Statement of Assets and Fund Balances – Non-Major Special Revenue Funds – Modified Cash Basis
December 31, 2020

Prosecuting Prosecuting
Law Prosecuting Tax Attorney Attorney Sheriff Drug Circuit Clerk Circuit Clerk
Assessment Enforcement Attorney Maintenance Delinquent Sheriff Civil Vest Grant Bad Check Forfeiture Treatment Driven
Fund Training Fund Training Fund E-911 Fund Fund Tax Fund Fees Fund Fund Fund Fund Courts Fund Courts Fund
Assets
Cash and investments $ 380,047 $ 4,378 $ 5,507 $ 83,960 $ 129,175 $ 59,246 $ 38,282 $ 564 $ 75,067 $ 2,048 $ 31,205 11,747
Total Assets $ 380,047 $ 4,378 $ 5,507 $ 83,960 $ 129,175 $ 59,246 $ 38,282 $ 564 $ 75,067 $ 2,048 $ 31,205 $ 11,747

Fund Balances
Restricted for
Public safety $ - $ 4,378 $ - $ 83,960 $ - $ - $ 38,282 $ 564 $ - $ 2,048 $ - $ -
Elections - - - - - - - - - - - -
Recorder - - - - - - - - - - - -
Judicial - - 5,507 - - 59,246 - - 75,067 - 31,205 11,747
Tax maintenance - - - - 129,175 - - - - - - -
Assigned
Assessment 380,047 - - - - - - - - - - -
Total Fund Balances $ 380,047 $ 4,378 $ 5,507 $ 83,960 $ 129,175 $ 59,246 $ 38,282 $ 564 $ 75,067 $ 2,048 $ 31,205 $ 11,747

54
 Taney County
Combining Statement of Assets and Fund Balances – Non-Major Special Revenue Funds – Modified Cash Basis
December 31, 2020

Local
Emergency Local Law
Planning Domestic Sheriff Circuit Clerk 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 $ 11,875 $ 59,080 $ 463,617 $ 20,211 $ 5,976 $ 70,749 $ 171,979 $ 16,381 $ 66,402 $ 153 $ 1,707,649
Total Assets $ 11,875 $ 59,080 $ 463,617 $ 20,211 $ 5,976 $ 70,749 $ 171,979 $ 16,381 $ 66,402 $ 153 $ 1,707,649

Fund Balances
Restricted for
Public safety $ 11,875 $ - $ - $ - $ 5,976 $ 70,749 $ 171,979 $ - $ - $ 153 $ 389,964
Elections - 59,080 - - - - - - - - 59,080
Recorder - - 463,617 - - - - - - - 463,617
Judicial - - - 20,211 - - - 16,381 66,402 - 285,766
Tax maintenance - - - - - - - - - - 129,175
Assigned
Assessment - - - - - - - - - - 380,047
Total Fund Balances $ 11,875 $ 59,080 $ 463,617 $ 20,211 $ 5,976 $ 70,749 $ 171,979 $ 16,381 $ 66,402 $ 153 $ 1,707,649

55
 Taney County
Combining Statement of Receipts, Disbursements, and Changes in Fund Balance – Non-Major Special Revenue Funds – Modified Cash Basis
Year Ended December 31, 2020

Prosecuting Prosecuting Sheriff
Law Prosecuting Tax Attorney Attorney Drug Circuit Clerk Circuit Clerk
Assessment Enforcement Attorney Maintenance Delinquent Sheriff Civil Vest Grant Bad Check Forfeiture Treatment Driven
Fund Training Fund Training Fund E-911 Fund Fund Tax Fund Fees Fund Fund Fund Fund Courts Fund Courts Fund
Receipts
Taxes $ - $ - $ - $ 482,029 $ - $ - $ - $ - $ - $ - $ - $ -
Intergovernmental receipts - - - - - - - - - - - -
Fees and charges 716,687 2,535 3,182 42,926 124,555 2,476 37,707 - 11,118 - 14,591 9,050
Other receipts 6,901 1,524 77 57,663 3,206 1,183 643 12 1,555 20 29 11,414
Total Receipts 723,588 4,059 3,259 582,618 127,761 3,659 38,350 12 12,673 20 14,620 20,464

Disbursements
General government 685,064 - - - 78,262 - - - - - - -
Judicial - - 1,041 - - 13,580 - - 3,544 - 6,786 8,717
Public safety - 3,382 - 491,609 - - 25,194 388 - 500 - -
Total Disbursements 685,064 3,382 1,041 491,609 78,262 13,580 25,194 388 3,544 500 6,786 8,717

Excess (Deficit) of Receipts Over
Disbursements 38,524 677 2,218 91,009 49,499 (9,921) 13,156 (376) 9,129 (480) 7,834 11,747

Other Financing Sources (Uses)
Operating transfers in (out) (95,285) - - (118,028) (31,000) - - - - - - -
Total Other Financing Sources (Uses) (95,285) - - (118,028) (31,000) - - - - - - -

Excess (Deficit) of Receipts and Sources
Over Disbursements and Other (Uses) (56,761) 677 2,218 (27,019) 18,499 (9,921) 13,156 (376) 9,129 (480) 7,834 11,747

Fund Balance, January 1 436,808 3,701 3,289 110,979 110,676 69,167 25,126 940 65,938 2,528 23,371 -
Fund Balance, December 31 $ 380,047 $ 4,378 $ 5,507 $ 83,960 $ 129,175 $ 59,246 $ 38,282 $ 564 $ 75,067 $ 2,048 $ 31,205 $ 11,747

56
 Taney County
Combining Statement of Receipts, Disbursements, and Changes in Fund Balance – Non-Major Special Revenue Funds – Modified Cash Basis
Year Ended December 31, 2020

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 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 482,029
Intergovernmental receipts 3,377 85,882 - - - - - - - - 89,259
Fees and charges - 7,363 234,052 11,189 5,917 39,079 137,018 2,613 7,451 - 1,409,509
Other receipts 193 1,143 8,436 109 59 1,367 2,696 20 106 2 98,358
Total Receipts 3,570 94,388 242,488 11,298 5,976 40,446 139,714 2,633 7,557 2 2,079,155

Disbursements
Current
General government - 72,686 86,282 - - - - - - - 922,294
Judicial - - - 12,843 - - - 6,688 2,383 - 55,582
Public safety 1,102 - - - 7,693 43,638 94,609 - - - 668,115
Total Disbursements 1,102 72,686 86,282 12,843 7,693 43,638 94,609 6,688 2,383 - 1,645,991

Excess (Deficit) of Receipts Over
Disbursements 2,468 21,702 156,206 (1,545) (1,717) (3,192) 45,105 (4,055) 5,174 2 433,164

Other Financing Sources (Uses)
Operating transfers in (out) - - (133,397) - - - - (1,363) 1,363 - (377,710)
Total Other Financing Sources (Uses) - - (133,397) - - - - (1,363) 1,363 - (377,710)

Excess (Deficit) of Receipts and Other
Sources Over Disbursements and Other
(Uses) 2,468 21,702 22,809 (1,545) (1,717) (3,192) 45,105 (5,418) 6,537 2 55,454

Fund Balance, January 1 9,407 37,378 440,808 21,756 7,693 73,941 126,874 21,799 59,865 151 1,652,195
Fund Balance, December 31 $ 11,875 $ 59,080 $ 463,617 $ 20,211 $ 5,976 $ 70,749 $ 171,979 $ 16,381 $ 66,402 $ 153 $ 1,707,649

57
 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, 2020, and the related notes to the financial statements, which collectively
comprise Taney County, Missouri’s basic financial statements and have issued our report dated August 19, 2021. Our
report includes a reference to other auditors who audited the financial statements of the Taney County Developmentally
Disabled Board, Dorgan-Weaver Housing Corporation, Combs-Redfern Apartments Inc., Tantone Industries, and Dignity
Now Inc., as described in our report on Taney County, Missouri’s financial statements. This report does not include results
of other auditors’ testing of internal control over financial reporting or compliance and other matters that are reported
on separately by those auditors.

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 | 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
58
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.

KPM CPAs, PC
Springfield, Missouri
August 19, 2021

59
 Independent Auditors' Report on Compliance for Each Major Program and on Internal
Control over Compliance Required by the Uniform Guidance

Taney County Commission
Taney County, Missouri
Forsyth, Missouri

Report on Compliance for Each Major Federal Program
We have audited Taney County, Missouri’s compliance with the types of compliance requirements described in the OMB
Compliance Supplement that could have a direct and material effect on its major federal program for the year ended
December 31, 2020. Taney County, Missouri's major federal program is identified in the summary of auditor's results
section of the accompanying Schedule of Findings and Questioned Costs.

Management’s Responsibility
Management is responsible for compliance with federal statutes, regulations, and the terms and conditions of its federal
awards applicable to its federal program.

Auditors’ Responsibility
Our responsibility is to express an opinion on compliance for Taney County, Missouri's major federal program based on
our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance
with auditing standards generally accepted in the United States of America; the standards applicable to financial audits
contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit
requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles
and Audit Requirements for Federal Awards (Uniform Guidance). Those standards and Uniform Guidance require that we
plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance
requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit
includes examining, on a test basis, evidence about Taney County, Missouri’s compliance with those requirements and
performing such other procedures as we considered necessary in the circumstances.
We believe that our audit provides a reasonable basis for our opinion on compliance for the major federal program.
However, our audit does not provide a legal determination on Taney County, Missouri’s compliance.

Opinion on Each Major Federal Program
In our opinion, Taney County, Missouri, complied, in all material respects, with the types of requirements referred to
above that could have a direct and material effect on its major federal program for the year ended December 31, 2020.

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
60
Report on Internal Control over Compliance
Management of Taney County, Missouri, is responsible for establishing and maintaining effective internal control over
compliance with the types of compliance requirements referred to above. In planning and performing our audit of
compliance, we considered Taney County, Missouri's internal control over compliance with the types of requirements that
could have a direct and material effect on each major federal program to determine the auditing procedures that are
appropriate in the circumstances for the purpose of expressing an opinion on compliance for each major federal program
and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the
purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express
an opinion on the effectiveness of Taney County, Missouri’s internal control over compliance.
A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not
allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and
correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material
weakness in internal control over compliance is a deficiency, or combination of deficiencies in internal control over
compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement
of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal
control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type
of compliance requirement of a federal program that is less severe than a material weakness in internal control over
compliance, yet important enough to merit attention by those charged with governance.
Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this
section and was not designed to identify all deficiencies in internal control over compliance that might be material
weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we
consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal
control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly,
this report is not suitable for any other purpose.

KPM CPAS, PC
Springfield, Missouri
August 19, 2021

61
 Taney County
Schedule of Expenditures of Federal Awards
Year Ended December 31, 2020

Federal Pass-through
CFDA Grantor's Number/ Pass-through Federal
Federal Grantor/Pass Through Grantor/Program Title Number Identifying Number to Subrecipients Expenditures
U.S. Department of Homeland Security
State Emergency Management Agency
Emergency Management Performance Grants 97.042 EMK-2020-EP-00004-111 $ - $ 26,448

Disaster Grants - Public Assistance 97.036 FEMA-4317-DR-MO - 31,706
FEMA-4451-DR-MO - 152,175
- 183,881
Total U.S. Department of Homeland Security - 210,329

U.S. Department of Agriculture
Missouri State Treasurer's Office
School and Roads - Grants to States 10.665 N/A - 173,277
Total U.S. Department of Agriculture - 173,277

U.S. Department of Treasury
State of Missouri Treasurer's Office
Coronavirus Relief Fund 21.019 COVID 19-TANE 3,057,705 4,022,730
Total U.S. Department of Treasury 3,057,705 4,022,730

Election Assistance Commission
Missouri Secretary of State
COVID 19 - 2020 HAVA Election Security Grants 90.404 00202 - 41,197
Total Election Assistance Commission - 41,197

U.S. Department of Transportation
Missouri Department of Transportation
Highway Planning and Construction Cluster
Highway Planning and Construction Grant 20.205 BRO-NBIL-B106(001) - 17,503
Total U.S. Department of Transportation - 17,503

U.S. Department of Justice
Direct
Bulletproof Vest Partnership Grant 16.607 N/A - 940
Total U.S. Department of Justice - 940

U.S. Department of Interior
Direct
Payments in Lieu of Taxes 15.226 N/A - 190,752
Total U.S. Department of Interior - 190,752

U.S. Army Corp Engineers
Direct
Cooperative Agreement 12.000 W9127S-15-2-0041 - 1,101
TRL-LETC-15 - 1,101
Total U.S. Army Corp Engineers - 2,202
Total Expenditures of Federal Awards $ 3,057,705 $ 4,658,930

See accompanying notes to the Schedule of Expenditures of Federal Awards.
62
 Taney County
Notes to the Schedule of Expenditures of Federal Awards
Year Ended December 31, 2020

1. Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes he federal award activity of Taney
County, Missouri under programs of the federal government for the year ended December 31, 2020. The information in
this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200,
Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Because the Schedule presents only a selected portion of the operations of Taney County, it is not intended to and does
not present the financial position, changes in net position, or cash flows of Taney County.

2. Summary of Significant Accounting Policies
Expenditures reported on the Schedule are reported on the modified cash basis of accounting. Such expenditures are
recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are
not allowable or are limited as to reimbursement. Taney County elected to not use the 10‐percent de minimis indirect
cost rate allowed under the Uniform Guidance.

3. Subrecipients
Taney County provided funds to subrecipients in the amount of $3,057,705 in the current year.

63
 Taney County
Summary Schedule of Findings and Questioned Costs
Year Ended December 31, 2020

Section I: Summary Schedule of Audit Results
Financial Statements
Type of report the auditor issued on whether the financial statements audited were prepared in
accordance with the modified cash basis of accounting: Unmodified

Internal Control over Financial Reporting:

Material weakness(es) identified? No

Significant deficiency(ies) identified? None Reported

Noncompliance material to financial statements noted? No

Federal Awards
Internal control over major federal programs:

Material weakness(es) identified? No
Significant deficiency(ies) identified? None Reported

Type of auditor’s report issued on compliance for major federal program: Unmodified

Any audit findings disclosed that are required to be reported in accordance with 2CFR 200.516(a)? No

Identification of major federal program:
CFDA Number(s) Name of Federal Program or Cluster
21.019 Coronavirus Relief Fund

Dollar threshold used to distinguish between type A and type B programs: $750,000

Auditee qualified as low-risk auditee? No

Section II: Financial Statement Findings
None

Section III: Federal Awards Findings and Questioned Costs
None

64
 Taney County
Schedule of Prior Audit Findings
Year Ended December 31, 2020

There were no prior audit findings.

65
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, 2020, 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
In our prior audits, we have 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
internal control procedure to prevent unauthorized disbursements.
We Commend:
The County for having more than one signature on required checks issued from the Circuit Clerk bank 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.
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.

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
 We Recommend:
The County consider moving accounts payable and payroll to the County Clerk’s Office.
4. New Pronouncement
GASB Statement No. 87 – Leases – This Statement establishes a single model for lease accounting. It changes the
definition of a lease and requires recognition of certain lease assets and liabilities for leases that previously were
classified as operating leases. The effective date is for the County’s year ending December 31, 2022, with earlier
application encouraged.
We Recommend:
The County examine the new pronouncements to determine the effect these will have on future financial
reporting and to ensure successful implementation on the effective dates.
5. 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 continue to 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
August 19, 2021
Taney County Commission
Taney County
Forsyth, Missouri

We have audited the basic financial statements of Taney County, Missouri, for the year ended December 31, 2020, and
have issued our report thereon dated August 19, 2021. Professional standards require that we provide you with the
following information related to our audit.

Our Responsibility under U.S. Generally Accepted Auditing Standards
As stated in our engagement letter dated January 6, 2021, our responsibility, as described by professional standards, is to
express opinions about whether the financial statements prepared by management with your oversight are fairly
presented, in all material respects, in conformity with U.S. generally accepted accounting principles. Our audit of the
financial statements does not relieve you or management of your responsibilities.

Planned Scope and Timing of the Audit
We performed the audit according to the planned scope and timing previously communicated to you in our engagement
letter dated January 6, 2021.

Significant Audit Matters
Qualitative Aspects of Accounting Practices
Management is responsible for the selection and use of appropriate accounting policies. In accordance with the terms of
our engagement letter, we will advise management about the appropriateness of accounting policies and their application.
The significant accounting policies used by Taney County, Missouri, are described in Note 1 to the financial statements.
No new accounting policies were adopted and the application of existing policies was not changed during 2020.
Accounting estimates are an integral part of the financial statements prepared by management and are based on
management’s knowledge and experience about past and current events and assumptions about future events.
The disclosures in the financial statements are neutral, consistent, and clear.

Difficulties Encountered in Performing the Audit
We encountered no significant difficulties in dealing with management in performing and completing our audit.

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
Corrected and Uncorrected Misstatements
Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than
those that are trivial, and communicate them to the appropriate level of management. No material misstatements were
detected as a result of audit procedures.

Disagreements with Management
For purposes of this letter, professional standards define a disagreement with management as a financial accounting,
reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial
statements or the auditor’s report. We are pleased to report that no such disagreements arose during the course of our
audit.

Management Representations
We have requested certain representations from management that are included in the management representation letter
dated August 19, 2021.

Management Consultations with Other Independent Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar
to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to
the County’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those
statements, our professional standards require the consulting accountant to check with us to determine that the
consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants.

Other Audit Findings or Issues
We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with
management each year prior to retention as the County’s auditors. However, these discussions occurred in the normal
course of our professional relationship and our responses were not a condition to our retention.

Other Matters
We were not engaged to report on the supplementary information which accompanies the financial statements but is not
RSI. 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.
With respect to the other financial information and the Schedule of Expenditures of Federal Awards accompanying the
financial statements, we made certain inquiries of management and evaluated the form, content, and methods of
preparing the information to determine that the information complies with the modified cash basis of accounting, the
method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation
to our audit of the financial statements. We compared and reconciled the other financial information and the Schedule of
Expenditures of Federal Awards to the underlying accounting records used to prepare the financial statements or to the
financial statements themselves.
Restriction on Use
This report is intended solely for the use of the County Commission and management of Taney County, Missouri, and is
not intended to be, and should not be, used by anyone other than these specified parties.
Sincerely,

KPM CPAs, PC
Springfield, Missouri
August 19, 2021