2021 Audit Report

Taney County, Missouri

Basic Financial Statements
Year Ended December 31, 2021

1
 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...................................................................... 44
Budgetary Comparison Schedule – Road and Bridge Trust Fund –
Modified Cash Basis........................................................................................................................................................ 46
Budgetary Comparison Schedule – Road and Bridge Fund –
Modified Cash Basis........................................................................................................................................................ 47
Budgetary Comparison Schedule – Law Enforcement Sales Tax Fund –Modified Cash Basis ....................................... 48
Budgetary Comparison Schedule – County Sewer Sales Tax Fund –Modified Cash Basis ............................................. 49
Budgetary Comparison Schedule – Coronavirus Fund –Modified Cash Basis ................................................................ 50
Budgetary Comparison Schedule – ARPA 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

2
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
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 …………………………………………………………………………………………………………….63
Notes to the Schedule of Expenditures of Federal Awards ………………………………………………………………………………………...64
Summary Schedule of Findings and Questioned Costs ………………………………………………………………………………………………65
Schedule of Prior Audit Findings………………………………………………………………………………………………………………………………..66

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 Independent Auditors' Report

Taney County Commission
Taney County, Missouri
Forsyth, Missouri

Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, the 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, 2021, and the related notes to the financial statements, which
collectively comprise the County’s basic financial statements as listed in the table of contents.
In our opinion, based on our audit and the report of the other auditors, the financial statements referred to above present
fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities,
the discretely presented component units, each major fund, and the aggregate remaining fund information of the Taney
County, Missouri, as of December 31, 2021, and the respective changes in financial position and, where applicable, cash
flows thereof for the year then ended in accordance with the basis of accounting described in Note 1.
We did not audit the financial statements of the Developmentally Disable Board, Dorgan Weaver Housing Corporation,
Combs-Redfern Apartments, Inc., Tantone Industries, 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.

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and
the standards applicable to the financial audits contained in Government Auditing Standards, issued by the Comptroller
General of the United States. Our responsibilities under those standards are further described in the Auditor’s
Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the
Taney County and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating
to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinions.

Basis of Accounting
As described in Note 1 of the financial statements, the financial statements are prepared on the modified cash basis of
accounting, which is a basis of accounting other than accounting principles generally accepted in the United States of
America. Our opinion is not modified with respect to that matter.

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
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Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the 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, and for the design,
implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events,
considered in the aggregate, that raise substantial doubt about the County’s ability to continue as a going concern for
twelve months beyond the financial statement date, including any currently known information that may raise substantial
doubt shortly thereafter.

Auditors’ Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinions.
Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an
audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will always
detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is
higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial
likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on
the financial statements.
In performing an audit in accordance with generally accepted auditing standards and Government Auditing Standards, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit.
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,
and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test
basis, evidence regarding the amounts and disclosures in the financial statements.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
County’s internal control. Accordingly, no such opinion is expressed.
• Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting
estimates made by management, as well as evaluate the overall presentation of the financial statements.
• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise
substantial doubt about the County’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope
and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during
the audit.

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Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the
County’s basic financial statements. The accompanying combining nonmajor fund financial statements and schedule of
expenditures of federal awards, as required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards, are presented for purposes of additional
analysis and are not a required part of the basic financial statements. Such information is the responsibility of management
and was derived from and relates directly to the underlying accounting and other records used to prepare the basic
financial statements. The 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.

Other Information
Management is responsible for the other information included in the annual report. The other information comprises the
management’s discussion and analysis and the budgetary comparison schedules but does not include the basic financial
statements and our auditor’s report thereon. Our opinions on the basic financial statements do not cover the other
information, and we do not express an opinion or any form of assurance thereon.
In connection with our audit of the basic financial statements, our responsibility is to read the other information and
consider whether a material inconsistency exists between the other information and the basic financial statements, or the
other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an
uncorrected material misstatement of the other information exists, we are required to describe it in our report.

Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated June 21, 2022, on our
consideration of the Taney County, Missouri'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 solely 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 the effectiveness of the City’s 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 the Taney County, Missouri's internal control over financial reporting and compliance.

KPM CPAs, PC
Springfield, Missouri
June 21, 2022

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Management’s Discussion and Analysis
 Taney County
Management’s Discussion and Analysis
Year Ended December 31, 2021

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, 2021, 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 increased by $11,974,669.

The fund balance for the General Fund increased by $3,080,213.

The total increase between both Road and Bridge Funds was $2,279,134.

In 2021, Taney County received more 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.

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 Taney County
Management’s Discussion and Analysis
Year Ended December 31, 2021

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.
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.

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 Taney County
Management’s Discussion and Analysis
Year Ended December 31, 2021

Financial Analysis of the County as a Whole
Net Position – Modified Cash Basis
December 31,
2021 2020
Assets
Cash and investments $ 44,187,136 $ 32,212,467
Total Assets $ 44,187,136 $ 32,212,467

Net Position
Restricted $ 34,736,081 $ 25,968,309
Unrestricted 9,451,055 6,244,158
Total Net Position $ 44,187,136 $ 32,212,467

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 Taney County
Management’s Discussion and Analysis
Year Ended December 31, 2021

Changes in Net Position – Modified Cash Basis
Year Ended December 31,
2021 2020
Receipts
Program Receipts
Charges for services $ 7,037,079 $ 7,140,483
Operating grants and contributions 5,614,701 6,809,862
Capital grants and contributions 74,553 360,411

General Receipts
Sales tax receipts 38,523,691 25,327,884
Motor vehicle sales tax 1,409,353 1,287,987
Other taxes 671,791 683,227
Interest 354,887 616,353
Other receipts 2,505,405 856,996
Total Receipts 56,191,460 43,083,203

Disbursements
General government 5,393,110 6,675,690
Judicial 1,590,979 1,344,297
Health and wellness 2,519,989 3,559,961
Public safety 8,222,011 5,838,252
Public works 50,000 50,000
Highway and roads 11,622,089 8,729,558
Airport 527,083 380,837
Sewer 8,623,948 14,214,393
Debt service 1,597,418 1,529,690
Other 2,037,419 1,637,588
Transfer station 1,832,745 2,221,266
Total Disbursements 44,016,791 46,181,532
Increase (Decrease) in Net Position $ 12,174,669 $ (3,098,329)

Overall receipts of the County increased by $12,908,257 from the prior year. Tax revenues were up $13,107,259 and
charges for services were down $103,404. Overall disbursements of the County were down $2,164,741.

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 $3,080,213 for the year ended December 31, 2021.
• The total increase between both Road and Bridge Funds was $2,279,134.

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 Taney County
Management’s Discussion and Analysis
Year Ended December 31, 2021

• The Law Enforcement Sales Tax Fund increased by $1,846,902, which increased the fund balance to $3,122,956
as of December 31, 2021.
• County Sewer Sales Tax Fund increased $1,591,483, which increased the fund balance to $9,413,071.

Financial Analysis Budget Versus Actual Results – General Fund
Budget
Original Final Actual
Receipts
Taxes $ 8,418,000 $ 8,418,000 $ 10,448,972
Commissions 750,000 750,000 829,746
Licenses and permits 85,900 85,900 82,521
Intergovernmental receipts 351,000 351,000 81,250
Fees and charges 2,192,500 2,192,500 2,461,804
Other 230,500 230,500 278,540
Total Receipts $ 12,027,900 $ 12,027,900 $ 14,182,833

Disbursements
General government $ 4,479,264 $ 4,479,264 $ 4,442,246
Judicial 2,320,509 2,267,423 1,559,065
Public safety 5,313,315 5,313,315 4,860,236
Public works 50,000 50,000 50,000
Other 2,355,642 2,355,642 2,037,173
Airport 769,686 769,686 527,083
Total Disbursements $ 15,288,416 $ 15,235,330 $ 13,475,803

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.

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 Taney County
Management’s Discussion and Analysis
Year Ended December 31, 2021

Economic Factors and Next Year’s Budget
With more knowledge about the COVID-19 pandemic and the available vaccines, Taney County saw an economic recovery
and growth in 2021. After the first quarter, the sales tax revenue hit record highs each month. Taney County received
over 24 percent more revenue than what was budgeted in 2021. There will be several capital improvements within Taney
County to help improve the economy.

The increase in the minimum wage, the cost of living, and the prices for products and services has increased the
appropriated expenditures in the 2022 Taney County Budget. A federal grant, ARPA grant, will be part of the increase in
appropriated expenditures. These funds were partially received in 2021 and will be received fully in 2022. The County
projects to have continuing increases in sales tax revenues and continuing conservative spending to help balance with the
projected increase in the expenditures.

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

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 Taney County
Statement of Net Position – Modified Cash Basis
December 31, 2021

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 $ 43,290,694 $ 896,442 $ 44,187,136 $ 3,677,065 $ 1,815,932 $ 1,978,996 $ 100,695 $ 64,216 $ 227,582 $ 75,077
Total Assets $ 43,290,694 $ 896,442 $ 44,187,136 $ 3,677,065 $ 1,815,932 $ 1,978,996 $ 100,695 $ 64,216 $ 227,582 $ 75,077

Net Position
Restricted $ 34,736,081 $ - $ 34,736,081 $ 137,747 $ - $ - $ 93,986 $ 60,118 $ - $ -
Unrestricted 8,554,613 896,442 9,451,055 3,539,318 1,815,932 1,978,996 6,709 4,098 227,582 75,077
Total Net Position $ 43,290,694 $ 896,442 $ 44,187,136 $ 3,677,065 $ 1,815,932 $ 1,978,996 $ 100,695 $ 64,216 $ 227,582 $ 75,077

See accompanying notes to the financial statements.
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 Taney County
Statement of Activities – Modified Cash Basis
Year Ended December 31, 2021

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 $ (5,393,110) $ 2,861,474 $ 5,453,975 $ - $ 2,922,339 $ - $ 2,922,339
Judicial (1,590,979) 158,445 - - (1,432,534) - (1,432,534)
Health and wellness (2,519,989) - - - (2,519,989) - (2,519,989)
Public safety (8,222,011) 1,281,938 114,065 - (6,826,008) - (6,826,008)
Public works (50,000) - - - (50,000) - (50,000)
Highway and roads (11,622,089) - 46,661 74,553 (11,500,875) - (11,500,875)
Airport (527,083) 548,280 - - 21,197 - 21,197
Sewer (8,623,948) - - - (8,623,948) - (8,623,948)
Debt service (1,597,418) - - - (1,597,418) - (1,597,418)
Other (2,037,419) 86,149 - - (1,951,270) - (1,951,270)
Total Governmental Activities (42,184,046) 4,936,286 5,614,701 74,553 (31,558,506) - (31,558,506)

Business-Type Activities
Transfer station (1,832,745) 2,100,793 - - - 268,048 268,048
Total Business-Type Activities (1,832,745) 2,100,793 - - - 268,048 268,048
Total Primary Government $ (44,016,791) $ 7,037,079 $ 5,614,701 $ 74,553 (31,558,506) 268,048 (31,290,458)

See accompanying notes to the financial statements.
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 Taney County
Statement of Activities – Modified Cash Basis
Year Ended December 31, 2021

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 $ (12,274,435) $ 2,556,989 $ 6,845,906 $ -
Taney County Health Center (3,710,166) 777,910 1,321,215 -
Developmentally Disabled Board (2,577,844) 1,816,059 22,256 -
Dorgan-Weaver Housing Corp. (77,083) 67,744 - -
Combs-Redfern Apartments Inc. (83,575) 72,524 - -
Tantone Industries, Inc. (576,424) 502,122 154,448 -
Dignity Now, Inc. (1,374) - 9,207 -
Total Component Units $ (19,300,901) $ 5,793,348 $ 8,353,032 $ -

General Receipts, Sale of assets and Transfers
Ad valorem taxes - - -
Sales taxes 38,323,691 - 38,323,691
Motor vehicle sales taxes and gas taxes 1,409,353 - 1,409,353
Other taxes 671,791 - 671,791
Interest 347,309 7,578 354,887
Other receipts 2,400,829 104,576 2,505,405
Sale of assets - - -
Transfers 207,729 (207,729) -
Total General Receipts and Transfers 43,360,702 (95,575) 43,265,127
Increase (Decrease) in Net Position 11,802,196 172,473 11,974,669
Net Position, Beginning of year 31,488,498 723,969 32,212,467
Net Position, End of year $ 43,290,694 $ 896,442 $ 44,187,136

See accompanying notes to the financial statements.
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 Taney County
Statement of Activities – Modified Cash Basis
Year Ended December 31, 2021

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 $ (2,871,540) $ - $ - $ - $ - $ - $ -
Taney County Health Center - (1,611,041) - - - - -
Developmentally Disabled Board - - (739,529) - - - -
Dorgan-Weaver Housing Corp. - - - (9,339) - - -
Combs-Redfern Apartments Inc. - - - - (11,051) - -
Tantone Industries, Inc. - - - - - 80,146 -
Dignity Now, Inc. - - - - - - 7,833
Total Component Units (2,871,540) (1,611,041) (739,529) (9,339) (11,051) 80,146 7,833

General Receipts, Lease Proceeds and
Transfers
Ad valorem taxes - 1,743,116 1,211,068 - - - 6
Sales taxes - - - - - - -
Motor vehicle sales taxes and gas taxes - - - - - - -
Other taxes - - - - - - -
Interest 23,435 5,085 4,843 59 31 - -
Other receipts 179,962 36,618 15,854 3,150 3,106 - -
Sale of assets - - 4,500 - - - -
Transfers - - - - - - -

Total General Receipts and Transfers
203,397 1,784,819 1,236,265 3,209 3,137 - 6

Increase (Decrease) in Net Position (2,668,143) 173,778 496,736 (6,130) (7,914) 80,146 7,839

Net Position, Beginning of year 6,345,208 1,642,154 1,482,260 106,825 72,130 147,436 67,238
Net Position, End of year $ 3,677,065 $ 1,815,932 $ 1,978,996 $ 100,695 $ 64,216 $ 227,582 $ 75,077
See accompanying notes to the financial statements.
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 Taney County
Balance Sheet – Governmental Funds – Modified Cash Basis
December 31, 2021

Special Revenue Funds
Nonmajor Total
General Road & Bridge Road & Bridge Law Enforcement County Sewer Coronavirus ARPA Special Revenue Governmental
Fund Trust Fund Fund Sales Tax Fund Sales Tax Fund Fund Fund Funds Funds
Assets
Cash and investments $ 8,220,355 $ 13,547,439 $ 1,702,168 $ 3,122,956 $ 9,413,071 $ - $ 5,442,898 $ 1,841,807 $ 43,290,694
Total Assets $ 8,220,355 $ 13,547,439 $ 1,702,168 $ 3,122,956 $ 9,413,071 $ - $ 5,442,898 $ 1,841,807 $ 43,290,694

Fund Balances
Restricted for
Road and Bridge $ - $ 13,547,439 $ 1,702,168 $ - $ - $ - $ - $ - $ 15,249,607
Public Safety - - - 3,122,956 - - - 457,894 3,580,850
Sewer - - - - 9,413,071 - - - 9,413,071
ARPA funding - - - - - - 5,442,898 - 5,442,898
Elections - - - - - - - 47,102 47,102
Recorder - - - - - - - 543,346 543,346
Judicial - - - - - - - 319,087 319,087
Tax maintenance - - - - - - - 140,120 140,120
Assigned to
Assessment Fund - - - - - - - 334,258 334,258
Unassigned 8,220,355 - - - - - - - 8,220,355
Total Fund Balances $ 8,220,355 $ 13,547,439 $ 1,702,168 $ 3,122,956 $ 9,413,071 $ - $ 5,442,898 $ 1,841,807 $ 43,290,694

See accompanying notes to the financial statements.
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 Taney County
Statement of Receipts, Disbursements, and Changes In Fund Balance – Governmental Funds – Modified Cash Basis
Year Ended December 31, 2021

Special Revenue Funds
Road and Road and Law County Sewer Nonmajor Total
General Bridge Bridge Enforcement Sales Tax Coronavirus ARPA Governmental Governmental
Fund Trust Fund Fund Sales Tax Fund Fund Fund Fund Funds Funds
Receipts
Taxes $ 10,448,972 $ 10,239,931 $ 1,409,353 $ 7,606,398 $ 10,237,621 $ - $ - $ 464,082 $ 40,406,357
Collector's commission 829,746 - - - - - - - 829,746
Licenses and permits 82,521 - - - - - - - 82,521
Intergovernmental 81,250 1,744,156 44,771 - - 7,687 5,431,679 20,803 7,330,346
Fees and charges 2,461,804 - - - - - - 1,574,774 4,036,578
Other 278,540 607,173 51,220 39,641 83,492 - 11,465 21,434 1,092,965
Total Receipts 14,182,833 12,591,260 1,505,344 7,646,039 10,321,113 7,687 5,443,144 2,081,093 53,778,513

Disbursements
General government 4,442,246 - - - - - - 950,864 5,393,110
Judicial 1,559,065 - - - - - - 31,914 1,590,979
Health and wellness - - - - - 2,519,989 - - 2,519,989
Public safety 4,860,236 - - 2,701,719 - - - 660,056 8,222,011
Public works 50,000 - - - - - - - 50,000
Airport 527,083 - - - - - - - 527,083
Other 2,037,173 - - - - - 246 - 2,037,419
Highway and roads - 10,219,646 1,402,443 - - - - - 11,622,089
Sewer - - - - 8,623,948 - - - 8,623,948
Debt service - - - 1,597,418 - - - - 1,597,418
Total Disbursements 13,475,803 10,219,646 1,402,443 4,299,137 8,623,948 2,519,989 246 1,642,834 42,184,046

Excess (Deficit) of Receipts Over Disbursements 707,030 2,371,614 102,901 3,346,902 1,697,165 (2,512,302) 5,442,898 438,259 11,594,467

Other Financing Sources (Uses)
Operating transfers in (out) 2,373,183 (195,381) - (1,500,000) (105,682) (60,290) - (304,101) 207,729
Total other Financing Sources (Uses) 2,373,183 (195,381) - (1,500,000) (105,682) (60,290) - (304,101) 207,729

Excess (Deficit) of Receipts and Other Sources
Over Disbursements and Other (Uses) 3,080,213 2,176,233 102,901 1,846,902 1,591,483 (2,572,592) 5,442,898 134,158 11,802,196

Fund Balance, January 1 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 Balance, December 31 $ 8,220,355 $ 13,547,439 $ 1,702,168 $ 3,122,956 $ 9,413,071 $ - $ 5,442,898 $ 1,841,807 $ 43,290,694

See accompanying notes to the financial statements.
19
 Taney County
Statement of Net Position – Proprietary Fund – Modified Cash Basis
December 31, 2021

Proprietary
Fund
Transfer
Station Fund
Assets
Current Assets
Cash and Cash Equivalents $ 896,442
Total Assets $ 896,442

Net Position
Unrestricted $ 896,442
Total Net Position $ 896,442

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, 2021

Proprietary
Fund
Transfer
Station Fund
Operating Receipts
Charges for services $ 2,100,793
Total Operating Receipts 2,100,793

Operating Disbursements
Salaries and employee benefits 597,424
Insurance 26,717
Supplies 239,627
Telephone and utilities 4,280
Repair and maintenance 175,079
Landfill services 574,718
Capital Outlay 205,409
Other 9,491
Total Operating Disbursements 1,832,745

Operating Income 268,048

Nonoperating Receipts
Interest receipts 7,578
Other receipts 104,576
Total Nonoperating Receipts 112,154

Income Before Operating Transfers 380,202

Operating transfers (out) (207,729)
Net Income 172,473

Net Position, January 1 723,969
Net Position, December 31 $ 896,442

See accompanying notes to the financial statements.
21
 Taney County
Statement of Cash Flows – Proprietary Fund – Modified Cash Basis
Year Ended December 31, 2021

Enterprise
Fund
Transfer
Station Fund
Cash Flows from Operating Activities
Cash received from customers $ 2,205,369
Cash paid to suppliers (1,235,321)
Cash paid to employees (597,424)
Net Cash Provided by Operating Activities 372,624

Cash Flows from Investing Activities
Interest received 7,578
Net Cash Provided by Investing Activities 7,578

Cash Flows from Noncapital Financing Activities
Transfers (to) other funds (207,729)
Net Cash (Used) by Noncapital Financing Activities (207,729)

Net Increase in Cash and Cash Equivalents 172,473

Cash and Cash Equivalents, Beginning of year 723,969
Cash and Cash Equivalents, End of year $ 896,442

Reconciliation of Operating Income to Net Cash Provided by Operating Activities
Operating income $ 268,048
Adjustments to reconcile operating Income to net cash provided by operating activities:
Other receipts 104,576
Net Cash Provided by Operating Activities $ 372,624

See accompanying notes to the financial statements.
22
 Taney County
Statement of Net Position – Custodial Funds – Modified Cash Basis
December 31, 2021

Custodial
Funds
Assets
Cash and cash equivalents $ 22,796,944
Investments 1,550,299
Total Assets $ 24,347,243

Liabilities
Due to others $ 1,401,104
Due to other governments 22,946,139
Total Liabilities 24,347,243

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, 2021

Custodial
Funds
Additions
Collections
Taxes for other governments $ 69,399,510
Fees 3,162,209
Interest 4,312
Total Additions 72,566,031

Deductions
Distributions
Taxes distributed to other governments 70,647,743
Distribution to others 1,918,288
Total Deductions 72,566,031

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, 2021

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, 2021

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, 2021

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.
ARPA Fund: The ARPA Fund of the County is used to account for resources restricted disbursements identified by
the American Rescue Plan Act.

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, 2021

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, 2021

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, 2021, was $252,280.

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, 2021

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, 2021, 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, 2021, are as follows:

Investment Type Maturity Carrying Value Fair Value
Taney County
Certificates of Deposit 1/29/2021 - 12/30/2024 $ 13,224,336 $ 13,246,951
$ 13,224,336 $ 13,246,951

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, 2021

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, 2021, 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, 2021, all bank balances on deposit
are entirely insured or collateralized.

The District’s investments at December 31, 2021, are as follows:

Investment Type Maturity Fair Value
Certificate of Deposit 7/28/2022 $ 226,698

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, 2021, 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, 2021, all bank balances on deposit
are entirely insured or collateralized.

Investments of the Board as of December 31, 2021, are as follows:

Investment Type Maturity Fair Value
Dignity Now
Community Foundation of the Ozarks Investment Pool N/A $ 43,859

31
 Taney County
Notes to the Financial Statements
December 31, 2021

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, 2021, 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, 2021, 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, 2021

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
• Five-ninths 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, 2021

During 2021 and 2020 the County collected and remitted to CERF, employee contributions of $310,260 and $286,867,
respectively, for the years then ended. The County’s contributions to CERF were $804,900 for the year ended December
31, 2021.

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.

2021 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, 2021, the following employees were covered by the benefit terms:

General Police Total
Inactive employees or beneficiaries currently receiving benefits 158 39 197
Inactive employees entitled to but not yet receiving benefits 99 29 128
Active employees 226 42 268
483 110 593

34
 Taney County
Notes to the Financial Statements
December 31, 2021

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 15.1% (General) and 16.3% (Police) of annual covered payroll.

During the year ended December 31, 2021 the County made contributions of $1,632,486 and the Taney County Health
Department made contributions of $234,829.

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.

2021 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, 2021

Employees Covered by Benefit Terms. At June 30, 2021, 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 3
Active employees 11
17

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 18.6% (General) of annual covered payroll.

During the year ended December 31, 2021, the Taney County Regional Sewer District made contributions of $107,605.

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 2021 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 $1,040,291,670
Personal property 191,561,901
$1,231,853,571
Tax Levy
General Fund $ -

The legal debt margin at December 31, 2021, is computed as follows:

Constitutional debt limit $ 123,185,357
General obligation bonds payable -
Legal Debt Margin $ 123,185,357

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, 2021

8. Long-Term Debt – Taney County Regional Sewer District
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
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
$ 1,835,000 $ 229,855 $ 2,064,855

The following table is a summary of the changes in the long-term debt for the year ended December 31, 2021:

Balance Balance
December 31, New December 31, Current
2020 Obligations Retired 2021 Portion
2004 SRF Revenue Bonds Payable $ 995,000 $ - $ 995,000 $ - $ -
Capital Lease Payable 2,000,000 - 165,000 1,835,000 185,000
$ 2,995,000 $ - $ 1,160,000 $ 1,835,000 $ 185,000

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.

37
 Taney County
Notes to the Financial Statements
December 31, 2021

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, 2021, are as follows:

Year Ending December 31,
2022 1,638,581
2023 831,463
Total Minimum Lease Payments 2,470,044
Less Amount Representing Interest (65,045)
Principal Balance, December 31, 2021 $ 2,405,000

The following schedule presents the changes in the long-term debt for the year ended December 31, 2021:

Balance Balance
December 31, December 31, Current
2020 Additions Retirements 2021 Portion
2015A Certificates of
$ 3,935,000 $ - $ 1,530,000 $ 2,405,000 $ 1,590,000
Participation
Compensated absences 270,846 - 18,566 252,280 -
$ 4,205,846 $ - $ 1,548,566 $ 2,657,280 $ 1,590,000

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.

The following table is a summary of the changes in the long-term debt for the year ended December 31, 2021:

Balance Balance
December 31, December 31, Current
2020 Additions Retirements 2021 Portion
2008 Certificate of Participation $ 185,291 $ - $ 185,291 $ - $ -
Compensated absences 98,023 - 7,733 90,290 -
$ 283,314 $ - $ 193,024 $ 90,290 $ -

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

38
 Taney County
Notes to the Financial Statements
December 31, 2021

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.

The total annual minimum lease payments required at December 31, 2021, are as follows:

Year Ending December 31, Principal
2022 $ 130,155
2023 129,286
2024 128,136
2025 126,708
Total Minimum Lease Payments 514,285
Less Amount Representing Interest (64,285)
Principal Balance, December 31, 2021 $ 450,000

The following schedule presents the changes in the long-term debt for the year ended December 31, 2021:

Balance Balance
December 31, December 31, Current
2020 Additions Retirements 2021 Portion
2010 Certificates of Participation $ 550,000 $ - $ 100,000 $ 450,000 $ 105,000

12. Line of Credit – Board for the Developmentally Disabled
At December 31, 2021, the Organization had a $250,000 secured line of credit with First Community Bank to be drawn
upon as needed with a variable interest rate not to exceed 4%. As of December 31, 2021, there was no outstanding
balance. The board did not draw on this loan for 2021.

39
 Taney County
Notes to the Financial Statements
December 31, 2021

13. Mortgage Payable – Dorgan-Weaver Housing Corporation
As of December 31, 2021, 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.

The following represents the changes in the mortgage payable during the year ended December 31, 2021:

Balance, December 31, 2020 $ 1,531,400
Additions -
Repayments -
Balance, December 31, 2021 $ 1,531,400

14. Mortgage Payable – Combs-Redfern Apartments Inc.
As of December 31, 2021, 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, 2020 $ 2,054,431
Additions -
Repayments -
Balance, December 31, 2021 $ 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.

40
 Taney County
Notes to the Financial Statements
December 31, 2021

16. Interfund Transfers
Interfund transfers for the year ended December 31, 2021, consisted of the following:
Transfers
In (Out)
General Fund $ 2,373,183
Road and Bridge Trust Fund (195,381)
Law Enforcement Sales Tax Fund (1,500,000)
Sewer Sales Tax Fund (105,682)
Assessment Fund (95,772)
Tax Maintenance Fund (30,000)
E-911 Fund (88,109)
Recorder Tech Fund (72,525)
Election Services Fund (17,695)
Transfer Station Fund (207,729)
Coronavirus Fund (60,290)
$ -

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, 2021, the County was committed to the following contracts for sewer improvements:

• Great River Engineering in the amount of $83,244
• Excel Excavating in the amount of $199,209
• Flat Creek Excavating in the amount of $362,936
At December 31, 2021, the County was committed to the following intergovernmental funding agreements:
• City of Branson Country Bluff SME $85,000
• City of Rockaway Beach Screening and Grit Removal Project $979,000

18. Commitments – Taney County Regional Sewer District
As of December 31, 2021, the District was committed to Flat Creek Excavating in the amount of $362,936 for utility
improvements.

41
 Taney County
Notes to the Financial Statements
December 31, 2021

19. Tax Abatements
Taney County
As of December 31, 2021, 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 $3,267,450 and $359,543 under the Tax Incremental Financing Agreement and by the
City of Branson, Missouri and by the by the City of Hollister, Missouri, respectively.

Taney County Board for the Developmentally Disabled
As of December 31, 2021, 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 $36,777 under the Tax Incremental Financing Agreements entered into by the City of Branson, Missouri.

Taney County Health Department
As of December 31, 2021, 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 $51,606 and $7,922 under the Tax Incremental Financing Agreements entered into by the City of Branson,
Missouri and the City of Hollister, respectfully.

42
Supplementary Information
 Taney County
Budgetary Comparison Schedule – General Fund – Modified Cash Basis
Year Ended December 31, 2021

Variance
Original Final with Final
Receipts Budget Budget Actual Budget
Taxes
County sales tax $ 8,208,000 $ 8,208,000 $ 10,241,264 $ 2,033,264
Payment in lieu of taxes 200,000 200,000 197,003 (2,997)
Other taxes 10,000 10,000 10,705 705
8,418,000 8,418,000 10,448,972 2,030,972
Collector's Commission
Collection commissions 750,000 750,000 829,746 79,746

Licenses and Permits
Beverage licenses 85,000 85,000 81,651 (3,349)
ATV permits 900 900 870 (30)
85,900 85,900 82,521 (3,379)
Intergovernmental Receipts
Federal 340,000 340,000 73,212 (266,788)
Other 11,000 11,000 8,038 (2,962)
351,000 351,000 81,250 (269,750)
Fees and Charges
Court 73,000 73,000 57,746 (15,254)
Public administration 70,000 70,000 49,839 (20,161)
County clerk 800 800 1,104 304
Recorder of deeds 600,000 600,000 640,514 40,514
Tax sale publication 17,000 17,000 38,060 21,060
Planning and zoning 35,000 35,000 45,848 10,848
Sheriff fees 770,000 770,000 939,174 169,174
Phone and vending 700 700 504 (196)
Election reimbursement 35,000 35,000 52,546 17,546
Computer room 1,000 1,000 2,040 1,040
Animal Control 80,000 80,000 86,149 6,149
Airport 510,000 510,000 548,280 38,280
2,192,500 2,192,500 2,461,804 269,304
Other
Interest income 35,500 35,500 56,648 21,148
Miscellaneous 165,000 165,000 198,677 33,677
Sale of property 30,000 30,000 23,215 (6,785)
230,500 230,500 278,540 48,040
Total Receipts 12,027,900 12,027,900 14,182,833 2,154,933

See accompanying notes to the Budgetary Comparison Schedules.
44
 Taney County
Budgetary Comparison Schedule – General Fund – Modified Cash Basis
Year Ended December 31, 2021

Variance
Original Final With Final
Budget Budget Actual Budget
Disbursements
Current
General Government
University extension 46,807 46,807 46,807 -
Collector of revenue 286,036 286,036 284,559 1,477
Treasurer 22,550 22,550 122,855 (100,305)
Recorder of deeds 255,617 255,617 217,731 37,886
County commission 286,196 286,196 282,865 3,331
Administrative office 616,717 616,717 699,855 (83,138)
Employee fringe benefits 1,254,500 1,254,500 1,156,705 97,795
Information technology 364,808 364,808 356,660 8,148
Planning and zoning 173,658 173,658 140,278 33,380
Election and voter registration 123,875 123,875 82,547 41,328
County clerk 203,930 203,930 204,940 (1,010)
Auditor 102,120 102,120 99,968 2,152
Building and grounds 742,450 742,450 746,476 (4,026)
4,479,264 4,479,264 4,442,246 37,018
Judicial
Court administration 134,500 145,115 24,368 120,747
Circuit judge 314,450 325,065 161,130 163,935
Circuit clerk 125,000 135,615 22,226 113,389
Coroner 207,111 217,726 155,545 62,181
Court reporter 2,500 2,500 589 1,911
Public administrator 277,464 177,464 170,959 6,505
Juvenile 353,323 353,323 288,269 65,054
Prosecuting attorney 906,161 910,615 735,979 174,636
2,320,509 2,267,423 1,559,065 708,358
Public Safety
Sheriff 3,081,843 3,081,843 2,865,737 216,106
Jail 1,912,400 1,912,400 1,687,305 225,095
Animal control 244,764 244,764 237,330 7,434
Emergency management 74,308 74,308 69,864 4,444
5,313,315 5,313,315 4,860,236 453,079
Other 2,355,642 2,355,642 2,037,173 318,469
Public Works
Pooled Services 50,000 50,000 50,000 -
Airport
Airport 769,686 769,686 527,083 242,603
Total Disbursements 15,288,416 15,235,330 13,475,803 1,759,527
Excess (Deficit) of Receipts Over Disbursements (3,260,516) (3,207,430) 707,030 3,914,460
Other Financing Sources (Uses)
Operating transfers (out) - - (28,002) (28,002)
Operating transfers in 2,495,672 2,495,672 2,401,185 (94,487)
Total Other Financing Sources (Uses) 2,495,672 2,495,672 2,373,183 (122,489)
Excess (Deficit) of Receipts and Other Sources
Over Disbursements and Other (Uses) (764,844) (711,758) 3,080,213 3,791,971
Fund Balance, January 1 5,140,142 5,140,142 5,140,142 -
Fund Balance, December 31 $ 4,375,298 $ 4,428,384 $ 8,220,355 $ 3,791,971
See accompanying notes to the Budgetary Comparison Schedules.
45
 Taney County
Budgetary Comparison Schedule – Road and Bridge Trust Fund – Modified Cash Basis
Year Ended December 31, 2021

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Taxes $ 8,200,000 $ 8,200,000 $ 10,239,931 $ 2,039,931
Intergovernmental receipts 1,610,000 1,610,000 1,744,156 134,156
Other receipts 201,500 201,500 607,173 405,673
Total Receipts 10,011,500 10,011,500 12,591,260 2,579,760

Disbursements
Highway and Roads
Wages and benefits 2,780,000 2,780,000 2,491,939 288,061
Computer related disbursements 56,000 56,000 23,355 32,645
Mileage and training 5,000 5,000 1,412 3,588
Professional services 55,000 55,000 43,938 11,062
Rental equipment 5,000 5,000 7,716 (2,716)
Telephone and utilities 72,500 72,500 71,143 1,357
Insurance 150,000 150,000 181,123 (31,123)
Repair and maintenance 470,000 470,000 476,295 (6,295)
Equipment 729,000 729,000 391,475 337,525
Road construction 5,445,500 5,445,500 4,164,444 1,281,056
Road supplies 2,525,000 2,525,000 2,328,713 196,287
Other supplies 40,250 40,250 32,179 8,071
Other 1,014,350 1,014,350 5,914 1,008,436
Total Disbursements 13,347,600 13,347,600 10,219,646 3,127,954

Excess (Deficit) of Receipts Over Disbursements (3,336,100) (3,336,100) 2,371,614 5,707,714

Other Financing Sources (Uses)
Operating transfers in 30,000 30,000 147,362 117,362
Operating transfers (out) (342,743) (342,743) (342,743) -
Total Other Financing Sources (Uses) (312,743) (312,743) (195,381) 117,362

Excess (Deficit) of Receipts and Other
Sources Over Disbursements and Other
(Uses) (3,648,843) (3,648,843) 2,176,233 5,825,076

Fund Balance, January 1 11,371,206 11,371,206 11,371,206 -
Fund Balance, December 31 $ 7,722,363 $ 7,722,363 $ 13,547,439 $ 5,825,076

See accompanying notes to the Budgetary Comparison Schedules.
46
 Taney County
Budgetary Comparison Schedule – Road and Bridge Fund – Modified Cash Basis
Year Ended December 31, 2021

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Taxes $ 1,245,000 $ 1,245,000 $ 1,409,353 $ 164,353
Intergovernmental receipts 54,500 54,500 44,771 (9,729)
Other receipts 30,450 30,450 51,220 20,770
Total Receipts 1,329,950 1,329,950 1,505,344 175,394

Disbursements
Highway and Roads
Wages and benefits 1,542,150 1,542,150 1,359,685 182,465
Capital Outlay 531,000 531,000 22,749 508,251
Other 10,000 10,000 20,009 (10,009)
Total Disbursements 2,083,150 2,083,150 1,402,443 680,707

Excess (Deficit) of Receipts Over Disbursements (753,200) (753,200) 102,901 856,101

Fund Balance, January 1 1,599,267 1,599,267 1,599,267 -
Fund Balance, December 31 $ 846,067 $ 846,067 $ 1,702,168 $ 856,101

See accompanying notes to the Budgetary Comparison Schedules.
47
 Taney County
Budgetary Comparison Schedule – Law Enforcement Sales Tax Fund – Modified Cash Basis
Year Ended December 31, 2021

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Taxes $ 6,150,000 $ 6,150,000 $ 7,606,398 $ 1,456,398
Other receipts 10,000 10,000 39,641 29,641
Total Receipts 6,160,000 6,160,000 7,646,039 1,486,039

Disbursements
Public Safety 3,361,297 3,361,297 2,701,719 659,578
Debt Service 1,600,000 1,600,000 1,597,418 2,582
Total Disbursements 4,961,297 4,961,297 4,299,137 2,582

Excess of Receipts Over Disbursements 1,198,703 1,198,703 3,346,902 2,148,199

Other Financing (Uses)
Operating transfers (out) (1,500,000) (1,500,000) (1,500,000) -
Total Other Financing (Uses) (1,500,000) (1,500,000) (1,500,000) -

Excess (Deficit) of Receipts Over
Disbursements and Other (Uses) (301,297) (301,297) 1,846,902 2,148,199

Fund Balance, January 1 1,276,054 1,276,054 1,276,054 -
Fund Balance, December 31 $ 974,757 $ 974,757 $ 3,122,956 $ 2,148,199

See accompanying notes to the Budgetary Comparison Schedules.
48
 Taney County
Budgetary Comparison Schedule – County Sewer Sales Tax Fund – Modified Cash Basis
Year Ended December 31, 2021

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Taxes $ 8,200,000 $ 8,200,000 $ 10,237,621 $ 2,037,621
Other receipts 61,648 61,648 83,492 21,844
Total Receipts 8,261,648 8,261,648 10,321,113 2,059,465

Disbursements
Sewer 14,437,708 14,437,708 8,623,948 5,813,760
Total Disbursements 14,437,708 14,437,708 8,623,948 5,813,760

Excess (Deficit) of Receipts Over Disbursements (6,176,060) (6,176,060) 1,697,165 7,873,225

Other Financing (Uses)
Operating transfers (out) (140,682) (140,682) (105,682) 35,000
Total Other Financing (Uses) (140,682) (140,682) (105,682) 35,000

Excess (Deficit) of Receipts Over
Disbursements and Other (Uses) (6,316,742) (6,316,742) 1,591,483 7,908,225

Fund Balance, January 1 7,821,588 7,821,588 7,821,588 -
Fund Balance, December 31 $ 1,504,846 $ 1,504,846 $ 9,413,071 $ 7,908,225

See accompanying notes to the Budgetary Comparison Schedules.
49
 Taney County
Budgetary Comparison Schedule – Coronavirus Fund – Modified Cash Basis
Year Ended December 31, 2021

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Interest $ - $ - $ 7,687 $ 7,687
Total Receipts - - 7,687 7,687

Disbursements
Health and wellness 2,572,592 2,572,592 2,519,989 52,603
Total Disbursements 2,572,592 2,572,592 2,519,989 52,603

(Deficit) of Receipts Over Disbursements (2,572,592) (2,572,592) (2,512,302) 60,290

Other Financing (Uses)
Operating transfers (out) - - (60,290) (60,290)
Total Other Financing (Uses) - - (60,290) (60,290)

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

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

See accompanying notes to the Budgetary Comparison Schedules.
50
 Taney County
Budgetary Comparison Schedule – ARPA Fund – Modified Cash Basis
Year Ended December 31, 2021

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Intergovernmental $ - $ - $ 5,431,679 $ 5,431,679
Interest - - 11,465 11,465
Total Receipts - - 5,443,144 5,443,144

Disbursements
Other - - 246 (246)
Total Disbursements - - 246 (246)

Excess of Receipts Over Disbursements - - 5,442,898 5,442,898

Fund Balance, January 1 - - - -
Fund Balance, December 31 $ - $ - $ 5,442,898 $ 5,442,898

See accompanying notes to the Budgetary Comparison Schedules.
51
 Taney County
Notes to the Budgetary Comparison Schedules
Year Ended December 31, 2021

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, 2021

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 $ 334,258 $ 5,138 $ 7,535 $ 85,736 $ 140,120 $ 60,394 $ 45,912 $ 570 $ 80,720 $ 1,708 $ 35,093 29,862
Total Assets $ 334,258 $ 5,138 $ 7,535 $ 85,736 $ 140,120 $ 60,394 $ 45,912 $ 570 $ 80,720 $ 1,708 $ 35,093 $ 29,862

Fund Balances
Restricted for
Public safety $ - $ 5,138 $ - $ 85,736 $ - $ - $ 45,912 $ 570 $ - $ 1,708 $ - $ -
Elections - - - - - - - - - - - -
Recorder - - - - - - - - - - - -
Judicial - - 7,535 - - 60,394 - - 80,720 - 35,093 29,862
Tax maintenance - - - - 140,120 - - - - - - -
Assigned
Assessment 334,258 - - - - - - - - - - -
Total Fund Balances $ 334,258 $ 5,138 $ 7,535 $ 85,736 $ 140,120 $ 60,394 $ 45,912 $ 570 $ 80,720 $ 1,708 $ 35,093 $ 29,862

54
 Taney County
Combining Statement of Assets and Fund Balances – Non-Major Special Revenue Funds – Modified Cash Basis
December 31, 2021

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 $ 13,984 $ 47,102 $ 543,346 $ 18,645 $ 6,812 $ 68,490 $ 229,389 $ 17,094 $ 69,744 $ 155 $ 1,841,807
Total Assets $ 13,984 $ 47,102 $ 543,346 $ 18,645 $ 6,812 $ 68,490 $ 229,389 $ 17,094 $ 69,744 $ 155 $ 1,841,807

Fund Balances
Restricted for
Public safety $ 13,984 $ - $ - $ - $ 6,812 $ 68,490 $ 229,389 $ - $ - $ 155 $ 457,894
Elections - 47,102 - - - - - - - - 47,102
Recorder - - 543,346 - - - - - - - 543,346
Judicial - - - 18,645 - - - 17,094 69,744 - 319,087
Tax maintenance - - - - - - - - - - 140,120
Assigned
Assessment - - - - - - - - - - 334,258
Total Fund Balances $ 13,984 $ 47,102 $ 543,346 $ 18,645 $ 6,812 $ 68,490 $ 229,389 $ 17,094 $ 69,744 $ 155 $ 1,841,807

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, 2021

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 $ - $ - $ - $ 464,082 $ - $ - $ - $ - $ - $ - $ - $ -
Intergovernmental receipts - - - - - - - - - - - -
Fees and charges 805,058 3,124 3,962 42,602 115,369 1,522 41,457 - 8,562 - 7,382 21,245
Other receipts 4,703 1,089 68 1,880 2,010 629 438 6 979 360 16 -
Total Receipts 809,761 4,213 4,030 508,564 117,379 2,151 41,895 6 9,541 360 7,398 21,245

Disbursements
General government 759,778 - - - 76,434 - - - - - - -
Judicial - - 2,002 - - 1,003 - - 3,888 - 3,510 3,130
Public safety - 3,453 - 418,679 - - 34,265 - - 700 - -
Total Disbursements 759,778 3,453 2,002 418,679 76,434 1,003 34,265 - 3,888 700 3,510 3,130

Excess (Deficit) of Receipts Over
Disbursements 49,983 760 2,028 89,885 40,945 1,148 7,630 6 5,653 (340) 3,888 18,115

Other Financing Sources (Uses)
Operating transfers in (out) (95,772) - - (88,109) (30,000) - - - - - - -
Total Other Financing Sources (Uses) (95,772) - - (88,109) (30,000) - - - - - - -

Excess (Deficit) of Receipts and Other
Sources Over Disbursements and Other
(Uses) (45,789) 760 2,028 1,776 10,945 1,148 7,630 6 5,653 (340) 3,888 18,115

Fund Balance, January 1 380,047 4,378 5,507 83,960 129,175 59,246 38,282 564 75,067 2,048 31,205 11,747
Fund Balance, December 31 $ 334,258 $ 5,138 $ 7,535 $ 85,736 $ 140,120 $ 60,394 $ 45,912 $ 570 $ 80,720 $ 1,708 $ 35,093 $ 29,862

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, 2021

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 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 464,082
Intergovernmental receipts 2,243 18,560 - - - - - - - - 20,803
Fees and charges - 9,401 238,763 12,562 6,781 51,000 197,798 827 7,359 - 1,574,774
Other receipts 130 613 5,286 66 31 757 2,315 11 45 2 21,434
Total Receipts 2,373 28,574 244,049 12,628 6,812 51,757 200,113 838 7,404 2 2,081,093

Disbursements
Current
General government - 22,857 91,795 - - - - - - - 950,864
Judicial - - - 14,194 - - - 125 4,062 - 31,914
Public safety 264 - - - 5,976 54,016 142,703 - - - 660,056
Total Disbursements 264 22,857 91,795 14,194 5,976 54,016 142,703 125 4,062 - 1,642,834

Excess (Deficit) of Receipts Over
Disbursements 2,109 5,717 152,254 (1,566) 836 (2,259) 57,410 713 3,342 2 438,259

Other Financing Sources (Uses)
Operating transfers in (out) - (17,695) (72,525) - - - - - - - (304,101)
Total Other Financing Sources (Uses) - (17,695) (72,525) - - - - - - - (304,101)

Excess (Deficit) of Receipts and Other
Sources Over Disbursements and Other
(Uses) 2,109 (11,978) 79,729 (1,566) 836 (2,259) 57,410 713 3,342 2 134,158

Fund Balance, January 1 11,875 59,080 463,617 20,211 5,976 70,749 171,979 16,381 66,402 153 1,707,649
Fund Balance, December 31 $ 13,984 $ 47,102 $ 543,346 $ 18,645 $ 6,812 $ 68,490 $ 229,389 $ 17,094 $ 69,744 $ 155 $ 1,841,807

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, Missouri
Forsyth, Missouri

We have audited, in accordance with 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, 2021, and the related notes to the financial statements, which collectively
comprise Taney County, Missouri’s basic financial statements, and have issued our report thereon, dated June 21, 2022.
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.

Report on 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 (internal control) as a basis of designing 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 City’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 entity’s financial statements will not be prevented, or detected
and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control
that is less severe that a material weakness, yet important enough to merit attention by those charged with governance.

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
Our consideration of internal control 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 financial reporting 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 were not identified.
Report on 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 financial statements.
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
June 21, 2022

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
Opinion on Each Major Federal Program
We have audited Taney County, Missouri’s compliance with the types of compliance requirements identified as subject to
audit in the OMB Compliance Supplement that could have a direct and material effect on each of Taney County, Missouri's
major federal programs for the year ended December 31, 2021. Taney County, Missouri's major federal programs are
identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs.

In our opinion, Taney County, Missouri, complied, in all material respects, with the types of compliance requirements
referred to above that could have a direct and material effect on each of its major federal programs for the year ended
December 31, 2021.

Basis for Opinion on Each Major Federal Program
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).
Our responsibilities under those standards and the Uniform Guidance are further described in the Auditor’s
Responsibilities for the Audit of Compliance section of our report.

We are required to be independent of Taney County, Missouri, and to meet our other ethical responsibilities, in
accordance with relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our opinion on compliance for each major federal program. Our audit
does not provide a legal determination of the County’s compliance with the compliance requirements referred to above.

Responsibilities of Management for Compliance
Management is responsible for compliance with the requirements referred to above and for the design, implementation,
and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules,
and provisions of contracts or grant agreements applicable to the County’s federal programs.

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
Auditors’ Responsibilities for the Audit of Compliance
Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance
requirements referred to above occurred, whether due to fraud or error, and express an opinion on Taney County,
Missouri’s compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance
and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards,
Government Auditing Standards, and the Uniform Guidance will always detect material noncompliance when it exists. The
risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance
with the compliance requirements referred to above is considered material if there is substantial likelihood that,
individually or in the aggregate, it would influence the judgement made by a reasonable user of the report on compliance
about Taney County, Missouri’s compliance with the requirements of each major federal program as a whole.

In performing an audit in accordance with generally accepted auditing standards, Government Auditing Standards, and
the Uniform Guidance, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit.
• Identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform
audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding
Taney County, Missouri’s compliance with the compliance requirements referred to above and performing such
other procedures as we considered necessary in the circumstances.
• Obtain an understanding of Taney County, Missouri’s internal control over compliance relevant to the audit in
order to design audit procedures that are appropriate in the circumstances 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 the County’s internal control over compliance. Accordingly, no such opinion is expressed.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope
and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that
we identified during the audit.

Report on 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 Auditor’s
Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal
control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance.

61
Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we
consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal
control over compliance may exist that were not identified.

Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over
compliance. Accordingly, no such opinion is expressed.

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
June 21, 2022

62
 Taney County
Schedule of Expenditures of Federal Awards
Year Ended December 31, 2021

Assistance Pass-through
Listing 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 $ - $ 14,041
EMK-2021-EP-00006-114 - 13,113
- 27,154
Disaster Grants - Public Assistance 97.036 FEMA-4451-DR-MO - 10,145
Total U.S. Department of Homeland Security - 37,299

U.S. Department of Agriculture
Missouri State Treasurer's Office
School and Roads - Grants to States 10.665 N/A - 151,336
Total U.S. Department of Agriculture - 151,336

U.S. Department of Treasury
Missouri State Treasurer's Office
Covid 19 Coronavirus Relief Fund 21.019 00202 2,282,356 2,580,279
Total U.S. Department of Treasury 2,282,356 2,580,279

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) - 1,669,604
Federal Land Access Program 20.224 MO-73 - 1,890
University of Central Missouri
Highway Safety Cluster
National Priority Safety Programs 20.616 21-M2HVE-05-034 - 1,237
Alcohal Open Container Requirements 20.607 21-154-AL-037 - 2,499
Total U.S. Department of Transportation - 1,675,230

U.S. Department of Justice
Lawrence County, Missouri
DCE/SP Eradication Grant 16.000 2021-DCE/SP - 10,999
Total U.S. Department of Justice - 10,999

U.S. Department of Interior
Direct
Payments in Lieu of Taxes 15.226 N/A - 197,003
Total U.S. Department of Interior - 197,003

U.S. Army Corp Engineers
Direct
Cooperative Agreement 12.000 W9127S-15-2-0041 - 6,483
Total U.S. Army Corp Engineers - 6,483
Total Expenditures of Federal Awards $ 2,282,356 $ 4,658,629

See accompanying notes to the Schedule of Expenditures of Federal Awards.
63
 Taney County
Notes to the Schedule of Expenditures of Federal Awards
Year Ended December 31, 2021

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, 2021. 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 $2,282,356 in the current year.

64
 Taney County
Summary Schedule of Findings and Questioned Costs
Year Ended December 31, 2021

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:
Assistance Listing Number(s) Name of Federal Program or Cluster
21.019 Coronavirus Relief Fund
20.205 Highway Planning and Construction Grant

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

65
 Taney County
Schedule of Prior Audit Findings
Year Ended December 31, 2021

There were no prior audit findings.

66