2024 Audit Report

Taney County, Missouri

Basic Financial Statements
Year Ended December 31, 2024

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 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 – Fiduciary Fund – Modified Cash Basis .................................................................................. 23
Statement of Changes in Net Position – Fiduciary Fund – Modified Cash Basis ............................................................... 24
Notes to the Financial Statements .................................................................................................................................... 25
Other 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 – ARPA Fund – Modified Cash Basis ............................................................................. 50
Notes to the Budgetary Comparison Schedules ................................................................................................................ 51
Supplementary Information
Combining Statement of Assets and Fund Balances –
Non-Major Special Revenue Funds – Modified Cash Basis................................................................................................ 53
Combining Statement of Receipts, Disbursements, and Changes in Fund Balance –
Non-Major Special Revenue Funds – Modified Cash Basis................................................................................................ 56

2
Other Reporting Requirements
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 .................................................................. 60
Independent Auditors' Report on Compliance for each Major Program
and on Internal Control over Compliance Required by the Uniform Guidance ................................................................ 62
Schedule of Expenditures of Federal Awards ................................................................................................................... 65
Notes to the Schedule of Expenditures of Federal Awards .............................................................................................. 67
Schedule of Findings and Questioned Costs ..................................................................................................................... 68
Summary Schedule of Prior Audit Findings ....................................................................................................................... 69

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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 modified cash basis 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, 2024, 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 other auditors, the financial statements referred to above present
fairly, in all material respects, the respective modified cash basis financial position of the governmental activities, the
business-type activities, the discretely presented component units, each major fund, and the aggregate remaining fund
information of Taney County, Missouri, as of December 31, 2024, 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 Taney County Health Center, the Developmentally Disabled Board, Dorgan
Weaver Housing Corporation, Combs-Redfern Apartments, Inc., Tantone Industries, and Dignity Now, Inc. Those
statements were audited by other auditors whose reports have 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 reports 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 Auditors’
Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of
Taney County, Missouri, 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
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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. 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
auditors’ 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 September 16, 2025, 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 County’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
September 16, 2025

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Management’s Discussion and Analysis
 Taney County
Management’s Discussion and Analysis
Year Ended December 31, 2024

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, 2024, 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 $1,972,365.

The fund balance for the General Fund increased by $5,786,543.

The total decrease between both Road and Bridge Funds was $989,707.

In 2024, 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.

Other Information
This Management’s Discussion and Analysis 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”).

Supplementary Information
This part of the annual report includes optional financial information, which includes the combining statements for the
County’s nonmajor funds. This supplementary 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, 2024

Other Reporting Requirements
This part of the annual report includes additional reports required by the Federal Government and Government Auditing
Standards.

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, airport, highway and roads, other activities, sewer, and transfer station. The Statement of Activities
shows the net cost of these functions before considering the general receipts of the County.

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 Taney County
Management’s Discussion and Analysis
Year Ended December 31, 2024

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.

Government-Wide Financial Analysis
Net Position – Modified Cash Basis

Total Total
Governmental Business-Type December 31, December 31,
Activities Activities 2024 2023
Assets
Cash and investments $ 67,126,131 $ 2,121,369 $ 69,247,500 $ 67,275,135
Total Assets $ 67,126,131 $ 2,121,369 $ 69,247,500 $ 67,275,135

Net Position
Restricted $ 43,732,536 $ - $ 43,732,536 $ 47,323,312
Unrestricted 23,393,595 2,121,369 25,514,964 19,951,823
Total Net Position $ 67,126,131 $ 2,121,369 $ 69,247,500 $ 67,275,135

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 Taney County
Management’s Discussion and Analysis
Year Ended December 31, 2024

Changes in Net Position – Modified Cash Basis
Total Total
Year Ended Year Ended
Governmental Business-Type December 31, December 31,
Activities Activities 2024 2023
Receipts
Program Receipts
Charges for services $ 4,853,903 $ 3,403,651 $ 8,257,554 $ 8,858,849
Operating grants and contributions 503,392 - 503,392 619,205
Capital grants and contributions 466,214 - 466,214 10,500

General Receipts
Sales tax receipts 44,006,957 - 44,006,957 42,124,892
Motor vehicle sales tax 2,053,706 - 2,053,706 1,911,558
Other taxes 415,924 - 415,924 418,912
Intergovernmental receipts not
restricted to specific programs 173,553 - 173,553 567,832
Interest 2,228,512 69,915 2,298,427 1,612,981
Other receipts 659,235 116,529 775,764 661,728
Transfers 338,771 (338,771) - -
Total Receipts 55,700,167 3,251,324 58,951,491 56,786,457

Disbursements
General government 8,807,491 - 8,807,491 10,021,796
Judicial 1,821,016 - 1,821,016 1,752,464
Public safety 12,959,272 - 12,959,272 10,942,042
Public works 125,000 - 125,000 100,000
Highway and roads 15,702,152 - 15,702,152 12,186,052
Airport 1,293,670 - 1,293,670 849,480
Sewer 10,888,139 - 10,888,139 10,082,910
Debt service - - - 825,481
Other 1,918,904 - 1,918,904 1,647,979
Transfer station - 4,347,264 4,347,264 2,982,069
Total Disbursements 53,515,644 4,347,264 57,862,908 51,390,273

Special Item
Insurance proceeds - 883,782 883,782 175,515
Increase in Net Position $ 2,184,523 $ (212,158) $ 1,972,365 $ 5,571,699

Overall receipts of the County increased by $2,165,034 from the prior year. Tax revenues were up $2,021,225 and charges
for services were down $601,295. Overall disbursements of the County were up $6,472,635.

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 Taney County
Management’s Discussion and Analysis
Year Ended December 31, 2024

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 $5,786,543 for the year ended December 31, 2024.
• The total decrease between both Road and Bridge Funds was $989,707.
• The Law Enforcement Sales Tax Fund increased by $1,151,481, which increased the fund balance to $6,330,137
as of December 31, 2024.
• The County Sewer Sales Tax Fund increased $1,152,386, which increased the fund balance to $16,686,517.
• The ARPA Fund decreased $5,320,468, which decreased the fund balance to $6,651.

Financial Analysis Budget Versus Actual Results – General Fund
Budget
Original Final Actual
Receipts
Taxes $ 11,710,500 $ 11,710,500 $ 12,366,310
Commissions 800,000 800,000 904,531
Licenses and permits 85,900 85,900 93,099
Intergovernmental receipts 655,267 655,267 695,567
Fees and charges 2,261,000 2,261,000 2,120,732
Other 504,500 504,500 810,468
Total Receipts $ 16,017,167 $ 16,017,167 $ 16,990,707

Disbursements
General government $ 5,578,796 $ 5,578,796 $ 5,160,094
Judicial 1,976,316 1,976,316 1,770,049
Public safety 9,252,623 9,252,623 8,405,908
Public works 125,000 125,000 125,000
Other 2,791,498 2,791,498 1,918,904
Airport 1,490,934 1,490,934 1,293,670
Total Disbursements $ 21,215,167 $ 21,215,167 $ 18,673,625

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, 2024

Economic Factors and Next Year’s Budget
Taney County saw over 3% increase in sales tax revenue from the previous year. Although there was an increase in
revenue, the cost of products and services through 2024 also saw an increase due to inflation and product costs. The
continuing capital improvements within the County also added to the budget expenses. But in retrospect, they also
improved the economy within the County.

In the Taney County Budget for 2025, we see a continuing increase in the cost of products and services for the County.
This was definitely a big factor in the increase in expenditure projections. We are projecting a continuing increase in our
sales tax revenue as tourism continues to grow. We are also continuing to be conservative in our spending to help balance
with our anticipated increase of expenditures.

Contacting the County’s Financial Management
You may contact the Auditor’s office for more information at:

David Clark
Taney County Auditor
P.O. Box 1606
Forsyth, MO 65653
(417) 546-7215
Auditor@taneycountymo.gov

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 Taney County
Statement of Net Position – Modified Cash Basis
December 31, 2024

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 $ 67,126,131 $ 2,121,369 $ 69,247,500 $ 3,186,339 $ 2,332,469 $ 3,113,417 $ 107,185 $ 30,023 $ 208,512 $ 100,613
Total Assets $ 67,126,131 $ 2,121,369 $ 69,247,500 $ 3,186,339 $ 2,332,469 $ 3,113,417 $ 107,185 $ 30,023 $ 208,512 $ 100,613

Net Position
Restricted for:
Road and bridge $ 18,393,463 $ - $ 18,393,463 $ - $ - $ - $ - $ - $ - $ -
Public safety 6,998,583 - 6,998,583 - - - - - - -
Sewer 16,686,517 - 16,686,517 - - - - - - -
Elections 55,181 - 55,181 - - - - - - -
Recorder 709,403 - 709,403 - - - - - - -
Judicial 520,777 - 520,777 - - - - - - -
Tax maintenance 173,027 - 173,027 - - - - - - -
Opoid settlements 195,585 - 195,585 - - - - - - -
Insurance escrow - - - - - - 2,396 4,022 - -
Residual receipt
- -
reserve - - - - 1,248 47 - -
Replacement reserve - - - - - - 96,440 17,423 - -
Tenant deposits - - - - - - 3,064 3,091 - -
Unrestricted 23,393,595 2,121,369 25,514,964 3,186,339 2,332,469 3,113,417 4,037 5,440 208,512 100,613
Total Net Position $ 67,126,131 $ 2,121,369 $ 69,247,500 $ 3,186,339 $ 2,332,469 $ 3,113,417 $ 107,185 $ 30,023 $ 208,512 $ 100,613

See accompanying Notes to the Financial Statements.
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 Taney County
Statement of Activities – Modified Cash Basis
Year Ended December 31, 2024

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 $ (8,807,491) $ 2,797,080 $ 261,611 $ - $ (5,748,800) $ - $ (5,748,800)
Judicial (1,821,016) 207,981 - - (1,613,035) - (1,613,035)
Public safety (12,959,272) 1,050,230 196,205 - (11,712,837) - (11,712,837)
Public works (125,000) - - - (125,000) - (125,000)
Airport (1,293,670) 711,680 - 431,891 (150,099) - (150,099)
Other (1,918,904) 86,932 - - (1,831,972) - (1,831,972)
Highway and roads (15,702,152) - 45,576 34,323 (15,622,253) - (15,622,253)
Sewer (10,888,139) - - - (10,888,139) - (10,888,139)
Total Governmental Activities (53,515,644) 4,853,903 503,392 466,214 (47,692,135) - (47,692,135)

Business-Type Activities
Transfer station (4,347,264) 3,403,651 - - - (943,613) (943,613)
Total Business-Type Activities (4,347,264) 3,403,651 - - - (943,613) (943,613)
Total Primary Government $ (57,862,908) $ 8,257,554 $ 503,392 $ 466,214 (47,692,135) (943,613) (48,635,748)

See accompanying Notes to the Financial Statements.
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 Taney County
Statement of Activities – Modified Cash Basis
Year Ended December 31, 2024

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 $ (9,605,238) $ 3,256,682 $ 6,360,564 $ -
Taney County Health Center (4,054,517) 892,970 1,824,104 -
Developmentally Disabled Board (4,766,323) 3,445,594 - -
Dorgan-Weaver Housing Corp. (86,049) 76,433 - -
Combs-Redfern Apartments Inc. (81,800) 76,215 - -
Tantone Industries, Inc. (851,005) 856,633 246 -
Dignity Now, Inc. (650) - 10,364 -
Total Component Units $ (19,445,582) $ 8,604,527 $ 8,195,278 $ -

General Receipts and Transfers
Sales taxes 44,006,957 - 44,006,957
Motor vehicle sales taxes and gas taxes 2,053,706 - 2,053,706
Other taxes 415,924 - 415,924
Intergovernmental receipts not
restricted to specific programs 173,553 - 173,553
Interest 2,228,512 69,915 2,298,427
Other receipts 659,235 116,529 775,764
Transfers 338,771 (338,771) -
Total General Receipts and Transfers 49,876,658 (152,327) 49,724,331
Special Item
Insurance proceeds - 883,782 883,782
Changes in Net Position 2,184,523 (212,158) 1,972,365
Net Position, Beginning of Year 64,941,608 2,333,527 67,275,135
Net Position, End of Year $ 67,126,131 $ 2,121,369 $ 69,247,500

See accompanying Notes to the Financial Statements.
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 Taney County
Statement of Activities – Modified Cash Basis
Year Ended December 31, 2024

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 $ 12,008 $ - $ - $ - $ - $ - $ -
Taney County Health Center - (1,337,443) - - - - -
Developmentally Disabled Board - - (1,320,729) - - - -
Dorgan-Weaver Housing Corp. - - - (9,616) - - -
Combs-Redfern Apartments Inc. - - - - (5,585) - -
Tantone Industries, Inc. - - - - - 5,874 -
Dignity Now, Inc. - - - - - - 9,714
Total Component Units 12,008 (1,337,443) (1,320,729) (9,616) (5,585) 5,874 9,714

General Receipts
Ad valorem taxes - 1,750,243 1,250,858 - - - -
Interest 161,080 100,514 146,888 5,239 1,551 9,220 4,601
Sale of assets - 46,100 - - - - -
Other receipts 34,243 19,167 92,103 6,919 5,754 8,000 -
Total General Receipts 195,323 1,916,024 1,489,849 12,158 7,305 17,220 4,601

Changes in Net Position 207,331 578,581 169,120 2,542 1,720 23,094 14,315

Net Position, Beginning of Year 2,979,008 1,753,888 2,944,297 104,643 28,303 185,418 86,298
Net Position, End of Year $ 3,186,339 $ 2,332,469 $ 3,113,417 $ 107,185 $ 30,023 $ 208,512 $ 100,613

See accompanying Notes to the Financial Statements.
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 Taney County
Balance Sheet – Governmental Funds – Modified Cash Basis
December 31, 2024

Special Revenue Funds
Nonmajor Total
General Road & Bridge Road & Bridge Law Enforcement County Sewer ARPA Special Revenue Governmental
Fund Trust Fund Fund Sales Tax Fund Sales Tax Fund Fund Funds Funds
Assets
Cash and investments $ 23,051,524 $ 15,370,980 $ 3,022,483 $ 6,330,137 $ 16,686,517 $ 6,651 $ 2,657,839 $ 67,126,131
Total Assets $ 23,051,524 $ 15,370,980 $ 3,022,483 $ 6,330,137 $ 16,686,517 $ 6,651 $ 2,657,839 $ 67,126,131

Fund Balances
Restricted for
Road and bridge $ - $ 15,370,980 $ 3,022,483 $ - $ - $ - $ - $ 18,393,463
Public safety - - - 6,330,137 - - 668,446 6,998,583
Sewer - - - - 16,686,517 - - 16,686,517
Elections - - - - - - 55,181 55,181
Recorder - - - - - - 709,403 709,403
Judicial - - - - - - 520,777 520,777
Tax maintenance - - - - - - 173,027 173,027
Opioid settlements - - - - - - 195,585 195,585
Assigned to
Assessment - - - - - - 335,420 335,420
Unassigned 23,051,524 - - - - 6,651 - 23,058,175
Total Fund Balances $ 23,051,524 $ 15,370,980 $ 3,022,483 $ 6,330,137 $ 16,686,517 $ 6,651 $ 2,657,839 $ 67,126,131

See accompanying Notes to the Financial Statements.
18
 Taney County
Statement of Receipts, Disbursements, and Changes In Fund Balance – Governmental Funds – Modified Cash Basis
Year Ended December 31, 2024

Special Revenue Funds
Road and Road and Law County Sewer Nonmajor Total
General Bridge Bridge Enforcement Sales Tax ARPA Governmental Governmental
Fund Trust Fund Fund Sales Tax Fund Fund Fund Funds Funds
Receipts
Taxes $ 12,366,310 $ 11,604,842 $ 2,053,706 $ 8,683,382 $ 11,598,212 $ - $ 405,467 $ 46,711,919
Collector's commission 904,531 - - - - - - 904,531
Licenses and permits 93,099 - - - - - - 93,099
Intergovernmental 695,567 34,323 45,576 - - - 208,936 984,402
Fees and charges 2,120,732 - - - - - 1,529,846 3,650,578
Other 810,468 1,019,365 107,411 331,516 562,075 103,579 82,453 3,016,867
Total Receipts 16,990,707 12,658,530 2,206,693 9,014,898 12,160,287 103,579 2,226,702 55,361,396

Disbursements
General government 5,160,094 - - - - 2,655,018 992,379 8,807,491
Judicial 1,770,049 - - - - - 50,967 1,821,016
Public safety 8,405,908 - - 3,863,417 - - 689,947 12,959,272
Public works 125,000 - - - - - - 125,000
Airport 1,293,670 - - - - - - 1,293,670
Other 1,918,904 - - - - - - 1,918,904
Highway and roads - 13,934,565 1,767,587 - - - - 15,702,152
Sewer - - - - 10,888,139 - - 10,888,139
Total Disbursements 18,673,625 13,934,565 1,767,587 3,863,417 10,888,139 2,655,018 1,733,293 53,515,644

Excess (Deficit) of Receipts Over
Disbursements (1,682,918) (1,276,035) 439,106 5,151,481 1,272,148 (2,551,439) 493,409 1,845,752

Other Financing Sources (Uses)
Operating transfers in (out) 7,469,461 (152,778) - (4,000,000) (119,762) (2,769,029) (89,121) 338,771

Net Change in Fund Balances 5,786,543 (1,428,813) 439,106 1,151,481 1,152,386 (5,320,468) 404,288 2,184,523

Fund Balance, Beginning of Year 17,264,981 16,799,793 2,583,377 5,178,656 15,534,131 5,327,119 2,253,551 64,941,608
Fund Balance, End of Year $ 23,051,524 $ 15,370,980 $ 3,022,483 $ 6,330,137 $ 16,686,517 $ 6,651 $ 2,657,839 $ 67,126,131

See accompanying Notes to the Financial Statements.
19
 Taney County
Statement of Net Position – Proprietary Fund – Modified Cash Basis
December 31, 2024

Enterprise
Fund
Transfer
Station Fund
Assets
Current Assets
Cash and investments $ 2,121,369
Total Assets $ 2,121,369

Net Position
Unrestricted $ 2,121,369
Total Net Position $ 2,121,369

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, 2024

Enterprise
Fund
Transfer
Station Fund
Operating Receipts
Charges for services $ 3,403,651
Total Operating Receipts 3,403,651

Operating Disbursements
Salaries and employee benefits 828,984
Insurance 46,241
Supplies 408,059
Telephone and utilities 5,318
Repair and maintenance 219,817
Landfill services 930,768
Other 15,947
Total Operating Disbursements 2,455,134

Operating Income 948,517

Nonoperating Receipts (Disbursements)
Interest receipts 69,915
Insurance proceeds 883,782
Other receipts 116,529
Capital outlay (1,892,130)
Total Nonoperating Receipts (Disbursements) (821,904)

Income Before Operating Transfers 126,613

Operating transfers (out) (338,771)

Net (Loss) (212,158)

Net Position, Beginning of Year 2,333,527
Net Position, End of Year $ 2,121,369

See accompanying Notes to the Financial Statements.
21
 Taney County
Statement of Cash Flows – Proprietary Fund – Modified Cash Basis
Year Ended December 31, 2024

Enterprise
Fund
Transfer
Station Fund
Cash Flows from Operating Activities
Cash received from customers $ 3,403,651
Cash paid to suppliers (1,626,150)
Cash paid to employees (828,984)
Net Cash Provided by Operating Activities 948,517

Cash Flows from Noncapital Financing Activities
Transfers (to) other funds (338,771)
Proceeds from other non-operating activities 1,000,311
Net Cash Provided by Noncapital Financing Activities 661,540

Cash Flows from Capital and Related Financing Activities
Purchase of capital outlay (1,892,130)
Net Cash (Used) by Capital and Related Financing Activities (1,892,130)

Cash Flows from Investing Activities
Interest received 69,915
Net Cash Provided by Investing Activities 69,915

Net (Decrease) in Cash and Cash Equivalents (212,158)

Cash and Cash Equivalents, Beginning of Year 2,333,527
Cash and Cash Equivalents, End of Year $ 2,121,369

Reconciliation of Operating Income to Net Cash Provided by Operating Activities
Operating income $ 948,517
Net Cash Provided by Operating Activities $ 948,517

See accompanying Notes to the Financial Statements.
22
 Taney County
Statement of Net Position – Fiduciary Fund – Modified Cash Basis
December 31, 2024

Custodial
Funds
Assets
Cash and cash equivalents $ 24,926,323
Investments 7,650,202
Total Assets $ 32,576,525

Liabilities
Due to others $ 3,948,763
Due to other governments 28,627,762
Total Liabilities 32,576,525

Net Position
Unrestricted -
Total Net Position $ -

See accompanying Notes to the Financial Statements.
23
 Taney County
Statement of Changes in Net Position – Fiduciary Fund – Modified Cash Basis
December 31, 2024

Custodial
Funds
Additions
Collections
Taxes for other governments $ 82,254,186
Fees 3,294,261
Interest 195,635
Total Additions 85,744,082

Deductions
Distributions
Taxes distributed to other governments 83,254,531
Distribution to others 2,489,551
Total Deductions 85,744,082

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, 2024

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, 2024

The Taney County Regional Sewer District issues separate financial statements that may be obtained by calling (417) 544-
0655.

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, 2024

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.
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:

Fiduciary Fund: Custodial funds account for miscellaneous assets held by the County for other funds, governmental
units, and individuals. The fiduciary 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, 2024

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 balance, receipts,
and disbursements when they result from cash transactions. The cash basis has been modified to include investments of
the County. This is a basis of accounting other than accounting principles generally accepted in the United States of
America; and as a result, these financial statements may not be suitable for another purpose.

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, 2024

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, 2024, was $334,775

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.

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

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

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.

29
 Taney County
Notes to the Financial Statements
December 31, 2024

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, 2024, 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, 2024, are as follows:

Investment Type Maturity Amount
Taney County
Certificates of Deposit 1/2/2025 - 12/30/2027 $ 45,834,000
Custodial Funds
U.S. Government Agency Securities:
Federal Home Loan Bank 1/27/2025 - 3/14/2025 3,650,000
Federal Home Loan Mortgage Corporation 2/19/2025 - 4/29/2025 3,500,000
Federal Farm Credit Bank 1/21/2025 500,202
7,650,202
$ 53,484,202

Certificates of Deposit
Certificates of deposit with maturities in excess of three months are classified as investments but are considered deposits
for custodial risk determination. State statutes require that the County’s deposits be collateralized in the name of the
County by the trust department of a bank that does not hold the collateralized deposits. As of December 31, 2024, all
certificates of deposit are entirely insured or collateralized with securities.

30
 Taney County
Notes to the Financial Statements
December 31, 2024

U.S. Government Agencies
Funds invested in Federal Farm Credit Bank, Federal Home Loan Bank, and Federal Home Loan Mortgage Corporation are
held by Central Bank and Commerce Bank and are all rated Aa1 by Moody’s.

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
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, 2024, 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 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, 2024, all bank balances on deposit
are entirely insured or collateralized.

Investments of the Board as of December 31, 2024, are as follows:

Investment Type Maturity Fair Value
Dignity Now
Community Foundation of the Ozarks Investment Pool N/A $ 57,210

Taney County Board for the Developmentally Disabled
Certificates of Deposit 12 Months $ 264,546
Certificates of Deposit 18 Months 264,546
$ 529,092

Community Foundation of the Ozarks Investment Pool
The investments in the Community Foundation of the Ozarks Investment Pool are unrated and uncollateralized.

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

31
 Taney County
Notes to the Financial Statements
December 31, 2024

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, 2024, 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.

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 with
the 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.

32
 Taney County
Notes to the Financial Statements
December 31, 2024

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. Administrative
expenses for the operation of CERF are paid out of the funds of the system.

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 real estate and 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, and
• Interest earned on investment of the above collections prior to remittance to CERF

During 2024 ,the County collected and remitted to CERF, employee contributions of $431,736. The County’s contributions
to CERF were $859,515 for the year ended December 31, 2024.

33
 Taney County
Notes to the Financial Statements
December 31, 2024

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.

2024 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, 2024, which is LAGERS year end and the most recent information
available, the following employees were covered by the benefit terms:

General Police Public Safety
Inactive employees or beneficiaries currently receiving benefits 183 43 1
Inactive employees entitled to but not yet receiving benefits 112 29 19
Active employees 187 48 39
482 120 59

34
 Taney County
Notes to the Financial Statements
December 31, 2024

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 18.0% (General), 19.3% (Police), and 18.7% (Public Safety) of annual covered payroll.

During the year ended December 31, 2024 the County made contributions of $2,261,667 and the Taney County Health
Department made contributions of $303,037.

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.

2024 Valuation
Benefit multiplier 2.00% for life
Final average salary 3 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, 2024

Employees Covered by Benefit Terms. At June 30, 2024, which is LAGERS year end and the most recent information
available, the following employees were covered by the benefit terms:

General
Inactive employees or beneficiaries currently receiving benefits 5
Inactive employees entitled to but not yet receiving benefits 5
Active employees 12
22

Contributions. The employer is required to contribute amounts at least equal to the actuarially determined rate, as
established by LAGERS. 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 19.7% (General) of
annual covered payroll.

During the year ended December 31, 2024, the Taney County Regional Sewer District made contributions of $159,732.

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 2024 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 $1,124,650,224
Personal property 211,285,533
$1,335,935,757
Tax Levy
County General Fund $ -
Health Center 0.1328
Board for the Developmentally Disabled 0.0946
$ 0.2274

The legal debt margin at December 31, 2024, is computed as follows:

Constitutional debt limit $ 133,593,576
General obligation bonds payable -
Legal Debt Margin $ 133,593,576

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, 2024

8. Long-Term Debt – Taney County Regional Sewer District
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 financed purchase agreement. The agreement bears interest at 2.395%
with principal payments due July 1st of each year. In the event of default, the lender shall have the right to terminate the
agreement after 30 days.

The following is a schedule of the future minimum payments under the agreement (assuming noncancellation):

Year Ended Direct Borrowing
December 31, Principal Interest Total
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
$ 1,265,000 $ 109,680 $ 1,374,680

Changes in Long-Term Debt
The following table is a summary of the changes in the long-term debt for the year ended December 31, 2024:

Balance Balance
December 31, New December 31, Current
2023 Obligations Retired 2024 Portion
Direct Borrowing
Financed Purchase Payable $ 1,460,000 $ - $ 195,000 $ 1,265,000 $ 200,000

9. Long-Term Liabilities – Primary Government
The following schedule presents the changes in the long-term liabilities for the year ended December 31, 2024:

Balance Balance
December 31, December 31, Current
2023 Additions Retirements 2024 Portion
Compensated absences $ 281,204 $ 53,571 $ - $ 334,775 $ -

37
 Taney County
Notes to the Financial Statements
December 31, 2024

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

The 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 agreement provides for the cancellation of the Certificates should the Board fail to appropriate funds on the annual
renewal dates. However, the Board does not foresee exercising its option to cancel. In the event of default for non-
payment of rental payments the Lessor may take possession of the property.

The total annual minimum payments required at December 31, 2024, are as follows:

Year Ending December 31, Series 2010 COP
2025 $ 126,708
Total Minimum Payments 126,708
Less Amount Representing Interest (6,708)
Principal Balance, December 31, 2024 $ 120,000

The following schedule presents the changes in the long-term debt for the year ended December 31, 2024:

Balance Balance
December 31, December 31, Current
2023 Additions Retirements 2024 Portion
2010 Certificates of Participation $ 235,000 $ - $ 115,000 $ 120,000 $ 120,000

11. Lease Obligation – Primary Government
The County has a lease agreement for tasers with annual payments of $71,418 through July 2028. Although the agreement
provides for the cancellation of the lease at the County’s option at the renewal date each year, the County does not
foresee exercising its option to cancel.

38
 Taney County
Notes to the Financial Statements
December 31, 2024

The future minimum lease payments are as follows:

Year Ending December 31, Amount
2025 $ 71,418
2026 71,418
2027 71,418
2028 71,418
$ 285,672

12. Line of Credit – Board for the Developmentally Disabled
At December 31, 2024, 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, 2024, there was no outstanding
balance. The board did not draw on this loan for 2024.

13. 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.

14. Mortgage Payable – Dorgan-Weaver Housing Corporation
As of December 31, 2024, 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, 2024:

Direct
Borrowing
Balance, December 31, 2023 $ 1,531,400
Additions -
Repayments -
Balance, December 31, 2024 $ 1,531,400

15. Mortgage Payable – Combs-Redfern Apartments Inc.
As of December 31, 2024, the Board had a mortgage payable of $2,147,500. The mortgage payable represents a capital
advance from the U.S. Department of Housing and Urban Development for the construction of a 14-unit residential facility.
The mortgage bears no interest and repayment is not required as long as the housing remains available for very low-
income persons with disabilities.

39
 Taney County
Notes to the Financial Statements
December 31, 2024

Direct
Borrowing
Balance, December 31, 2023 $ 2,147,500
Additions -
Repayments -
Balance, December 31, 2024 $ 2,147,500

16. Interfund Transfers
Interfund transfers for the year ended December 31, 2024, consisted of the following:

Transfers
In (Out)
General Fund $ 7,469,461
Road and Bridge Trust Fund (152,778)
Law Enforcement Sales Tax Fund (4,000,000)
Sewer Sales Tax Fund (119,762)
ARPA Fund (2,769,029)
Assessment Fund (60,138)
Tax Maintenance Fund (52,000)
E-911 Fund (24,449)
Recorder Tech Fund (52,383)
Opioid Settlement Restricted Fund 76,985
Opioid Settlement Unrestricted Fund 22,864
Transfer Station Fund (338,771)
$ -

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, 2024, the County was committed to the following contracts:

• Pictometry International Corp. in the amount of $374,789
• Great River Engineering in the amount of $58,689
• Hissong Kenworth in the amount of $5,136,188 for the purchase of dump trucks

40
 Taney County
Notes to the Financial Statements
December 31, 2024

At December 31, 2024, the County was committed to reimburse Taney County Regional Sewer District for the following
contracts for sewer improvements:

• Excel Excavating in the amount of $574,209
• HDR Engineering in the amount of $337,897
• Flat Creek Excavating in the amount of $1,114,722
• Toth & Associates in the amount of $216,942

At December 31, 2024, the County was committed to the following intergovernmental funding agreements:

• City of Hollister Tertiary Filtration Rehabilitation in the amount of $387,420
• City of Hollister Central Dumping Station in the amount of $53,831
• City of Branson Lining and System Rehabilitation in the amount of $85,773
• Village of Bull Creek Sewer System Improvements in the amount of $61,875
• City of Forsyth Sewer Collection Project in the amount of $96,309
• City of Rockaway Beach Boys Camp Subdivision Sewer Improvements in the amount of $117,375
• City of Rockaway Beach Sewer Improvements in the amount of $347,699

18. Commitments – Taney County Regional Sewer District
As of December 31, 2024, the District was committed to the following:

• Toth and Associates, Inc. in the amount of $167,363 for the Mildred Phase 2 engineering project
• HDR Engineering in the amount of $298,820 for various projects
• Excel Excavating in the amount of $226,778 for Emery Creek sanitary sewer project
• Flat Creek Excavating in the amount of $713,370 for the Hwy 86 sewer improvements project

19. Tax Abatements
Taney County
As of December 31, 2024, 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 $3,617,725 and $428,509 under the Tax Incremental Financing Agreement by the City of Branson, Missouri and by the
City of Hollister, Missouri, respectively.

41
 Taney County
Notes to the Financial Statements
December 31, 2024

Taney County Board for the Developmentally Disabled
As of December 31, 2024, the Board was affected by tax abatement programs provided by the City of Branson. The City of
Branson provided tax abatements through the Real Property Tax Increment Allocation Redevelopment Act (Tax
Incremental Financing).

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

Taney County Health Department
As of December 31, 2024, the health department did not provide any tax abatements to any business. However, the
Organization’s property taxes were reduced by programs entered into by other governments under 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. The increased assessed valuation
resulting from the redevelopment is referred to as payments in lieu of taxes (PILOT). PILOTs for each TIF district are
collected by the county collector and distributed to the cities that authorized the TIF, these funds are then distributed to
a TIF special allocation fund or other political subdivisions.

42
Other Information
 Taney County
Budgetary Comparison Schedule – General Fund – Modified Cash Basis
Year Ended December 31, 2024

Variance
Original Final with Final
Receipts Budget Budget Actual Budget
Taxes
County sales tax $ 11,500,000 $ 11,500,000 $ 12,120,521 $ 620,521
Payment in lieu of taxes 200,000 200,000 235,331 35,331
Other taxes 10,500 10,500 10,458 (42)
11,710,500 11,710,500 12,366,310 655,810
Collector's Commission
Collection commissions 800,000 800,000 904,531 104,531

Licenses and Permits
Beverage licenses 85,000 85,000 92,088 7,088
ATV permits 900 900 1,011 111
85,900 85,900 93,099 7,199
Intergovernmental Receipts
Federal 508,045 508,045 499,518 (8,527)
Other 147,222 147,222 196,049 48,827
655,267 655,267 695,567 40,300
Fees and Charges
Court 58,000 58,000 59,357 1,357
Public administrator 36,500 36,500 44,577 8,077
County clerk 1,000 1,000 927 (73)
Recorder of deeds 500,000 500,000 533,358 33,358
Tax sale publication 15,000 15,000 17,071 2,071
Planning and zoning 50,000 50,000 25,357 (24,643)
Sheriff fees 674,000 674,000 534,668 (139,332)
Phone and vending 500 500 269 (231)
Election reimbursement 80,000 80,000 106,298 26,298
Computer room 1,000 1,000 238 (762)
Animal Control 75,000 75,000 86,932 11,932
Airport 770,000 770,000 711,680 (58,320)
2,261,000 2,261,000 2,120,732 (140,268)
Other
Interest income 240,500 240,500 576,288 335,788
Miscellaneous 214,000 214,000 104,924 (109,076)
Sale of property 50,000 50,000 129,256 79,256
504,500 504,500 810,468 305,968
Total Receipts 16,017,167 16,017,167 16,990,707 973,540

See accompanying Notes to the Budgetary Comparison Schedules.
44
 Taney County
Budgetary Comparison Schedule – General Fund – Modified Cash Basis
Year Ended December 31, 2024

Variance
Original Final With Final
Budget Budget Actual Budget
Disbursements
General Government
University extension 50,572 50,572 44,312 6,260
Collector of revenue 356,697 356,697 339,433 17,264
Treasurer 150,584 150,584 149,290 1,294
Recorder of deeds 236,989 236,989 208,170 28,819
County commission 337,635 337,635 330,822 6,813
Administrative office 726,331 726,331 691,295 35,036
Employee fringe benefits 1,490,365 1,490,365 1,319,776 170,589
Information technology 528,800 528,800 500,625 28,175
Planning and zoning 217,087 217,087 241,971 (24,884)
Election and voter registration 222,100 222,100 192,282 29,818
County clerk 263,320 263,320 244,357 18,963
Auditor 147,946 147,946 121,311 26,635
Building and grounds 850,370 850,370 776,450 73,920
5,578,796 5,578,796 5,160,094 418,702
Judicial
Court administration 38,500 38,500 20,679 17,821
Circuit judge 233,750 233,750 212,801 20,949
Circuit clerk 32,600 32,600 30,558 2,042
Coroner 167,546 167,546 208,310 (40,764)
Court reporter 2,500 2,500 1,155 1,345
Public administrator 192,121 192,121 185,074 7,047
Juvenile 355,399 355,399 281,862 73,537
Prosecuting attorney 953,900 953,900 829,610 124,290
1,976,316 1,976,316 1,770,049 206,267
Public Safety
Sheriff 6,259,700 6,259,700 5,684,576 575,124
Jail 2,530,370 2,530,370 2,287,487 242,883
Animal control 390,056 390,056 361,942 28,114
Emergency management 72,497 72,497 71,903 594
9,252,623 9,252,623 8,405,908 846,715
Public Works - Pooled Services 125,000 125,000 125,000 -
Airport 1,490,934 1,490,934 1,293,670 197,264
Other 2,791,498 2,791,498 1,918,904 872,594
Total Disbursements 21,215,167 21,215,167 18,673,625 2,541,542
Excess (Deficit) of Receipts Over Disbursements (5,198,000) (5,198,000) (1,682,918) 3,515,082
Other Financing Sources (Uses)
Operating transfers (out) (635,000) (635,000) (206,524) 428,476
Operating transfers in 5,030,635 5,030,635 7,675,985 2,645,350
Total Other Financing Sources (Uses) 4,395,635 4,395,635 7,469,461 3,073,826
Net Change in Fund Balances (802,365) (802,365) 5,786,543 6,588,908
Fund Balance, Beginning of Year 17,264,981 17,264,981 17,264,981 -
Fund Balance, End of Year $ 16,462,616 $ 16,462,616 $ 23,051,524 $ 6,588,908

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, 2024

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Taxes $ 11,500,000 $ 11,500,000 $ 11,604,842 $ 104,842
Intergovernmental receipts 710,000 710,000 34,323 (675,677)
Other receipts 345,000 345,000 1,019,365 674,365
Total Receipts 12,555,000 12,555,000 12,658,530 103,530

Disbursements
Highway and Roads
Wages and benefits 3,500,000 3,500,000 3,126,862 373,138
Computer related disbursements 35,000 35,000 31,361 3,639
Mileage and training 3,000 3,000 6,536 (3,536)
Professional services 100,000 100,000 36,681 63,319
Rental equipment 7,500 7,500 24,477 (16,977)
Telephone and utilities 94,000 94,000 71,280 22,720
Insurance 195,000 195,000 296,980 (101,980)
Repair and maintenance 1,250,000 1,250,000 767,704 482,296
Equipment 4,309,000 4,309,000 2,628,961 1,680,039
Road construction 4,185,000 4,185,000 3,543,230 641,770
Road supplies 3,381,000 3,381,000 3,356,540 24,460
Other supplies 40,500 40,500 32,381 8,119
Other 1,013,950 1,013,950 11,572 1,002,378
Total Disbursements 18,113,950 18,113,950 13,934,565 4,179,385

Excess (Deficit) of Receipts Over
Disbursements (5,558,950) (5,558,950) (1,276,035) 4,282,915

Other Financing Sources (Uses)
Operating transfers in 50,000 50,000 237,907 187,907
Operating transfers (out) (421,379) (421,379) (390,685) 30,694
Total Other Financing Sources (Uses) (371,379) (371,379) (152,778) 218,601

Net Change in Fund Balances (5,930,329) (5,930,329) (1,428,813) 4,501,516

Fund Balance, Beginning of Year 16,799,793 16,799,793 16,799,793 -
Fund Balance, End of Year $ 10,869,464 $ 10,869,464 $ 15,370,980 $ 4,501,516

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, 2024

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Taxes $ 1,588,640 $ 1,588,640 $ 2,053,706 $ 465,066
Intergovernmental receipts 54,500 54,500 45,576 (8,924)
Other receipts 28,450 28,450 107,411 78,961
Total Receipts 1,671,590 1,671,590 2,206,693 535,103

Disbursements
Highway and Roads
Wages and benefits 1,757,345 1,757,345 1,694,061 63,284
Capital outlay 550,500 550,500 61,075 489,425
Other 10,000 10,000 12,451 (2,451)
Total Disbursements 2,317,845 2,317,845 1,767,587 550,258

Excess (Deficit) of Receipts Over
Disbursements (646,255) (646,255) 439,106 1,085,361

Fund Balance, Beginning of Year 2,583,377 2,583,377 2,583,377 -
Fund Balance, End of Year $ 1,937,122 $ 1,937,122 $ 3,022,483 $ 1,085,361

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, 2024

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Taxes $ 8,673,500 $ 8,673,500 $ 8,683,382 $ 9,882
Other receipts 140,000 140,000 331,516 191,516
Total Receipts 8,813,500 8,813,500 9,014,898 201,398

Disbursements
Public safety 6,147,105 6,147,105 3,863,417 2,283,688
Total Disbursements 6,147,105 6,147,105 3,863,417 2,283,688

Excess (Deficit) of Receipts Over Disbursements 2,666,395 2,666,395 5,151,481 2,485,086

Other Financing (Uses)
Operating transfers (out) (4,000,000) (4,000,000) (4,000,000) -

Net Change in Fund Balances (1,333,605) (1,333,605) 1,151,481 2,485,086

Fund Balance, Beginning of Year 5,178,656 5,178,656 5,178,656 -
Fund Balance, End of Year $ 3,845,051 $ 3,845,051 $ 6,330,137 $ 2,485,086

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, 2024

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Taxes $ 11,500,000 $ 11,500,000 $ 11,598,212 $ 98,212
Other receipts 200,000 200,000 562,075 362,075
Total Receipts 11,700,000 11,700,000 12,160,287 460,287

Disbursements
Sewer 20,617,609 20,617,609 10,888,139 9,729,470
Total Disbursements 20,617,609 20,617,609 10,888,139 9,729,470

Excess (Deficit) of Receipts Over
Disbursements (8,917,609) (8,917,609) 1,272,148 10,189,757

Other Financing (Uses)
Operating transfers (out) (123,330) (123,330) (119,762) 3,568

Net Change in Fund Balances (9,040,939) (9,040,939) 1,152,386 10,193,325

Fund Balance, Beginning of Year 15,534,131 15,534,131 15,534,131 -
Fund Balance, End of Year $ 6,493,192 $ 6,493,192 $ 16,686,517 $ 10,193,325

See accompanying Notes to the Budgetary Comparison Schedules.
49
 Taney County
Budgetary Comparison Schedule – ARPA Fund – Modified Cash Basis
Year Ended December 31, 2024

Variance
Original Final With Final
Budget Budget Actual Budget
Receipts
Interest $ 40,000 $ 40,000 $ 103,579 $ 63,579
Total Receipts 40,000 40,000 103,579 63,579

Disbursements
General government
Government services 5,367,119 5,367,119 2,655,018 2,712,101
Total Disbursements 5,367,119 5,367,119 2,655,018 2,712,101

Excess (Deficit) of Receipts Over
Disbursements (5,327,119) (5,327,119) (2,551,439) 2,775,680

Other Financing (Uses)
Operating transfers (out) - - (2,769,029) (2,769,029)

Net Change in Fund Balances (5,327,119) (5,327,119) (5,320,468) 6,651

Fund Balance, Beginning of Year 5,327,119 5,327,119 5,327,119 -
Fund Balance, End of Year $ - $ - $ 6,651 $ 6,651

See accompanying Notes to the Budgetary Comparison Schedules.
50
 Taney County
Notes to the Budgetary Comparison Schedules
Year Ended December 31, 2024

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.

51
Supplementary Information
 Taney County
Combining Statement of Assets and Fund Balances – Non-Major Special Revenue Funds – Modified Cash Basis
December 31, 2024

Prosecuting Prosecuting
Law Prosecuting Tax Attorney Attorney
Assessment Enforcement Attorney Maintenance Delinquent Sheriff Civil Bad Check
Fund Training Fund Training Fund E-911 Fund Fund Tax Fund Fees Fund Fund
Assets
Cash and investments $ 335,420 $ 4,414 $ 22,229 $ 348,190 $ 173,027 $ 69,377 $ 62,389 $ 102,354
Total Assets $ 335,420 $ 4,414 $ 22,229 $ 348,190 $ 173,027 $ 69,377 $ 62,389 $ 102,354

Fund Balances
Restricted for
Public safety $ - $ 4,414 $ - $ 348,190 $ - $ - $ 62,389 $ -
Elections - - - - - - - -
Recorder - - - - - - - -
Judicial - - 22,229 - - 69,377 - 102,354
Tax maintenance - - - - 173,027 - - -
Opioid settlements - - - - - - - -
Assigned to
Assessment 335,420 - - - - - - -
Total Fund Balances $ 335,420 $ 4,414 $ 22,229 $ 348,190 $ 173,027 $ 69,377 $ 62,389 $ 102,354

53
 Taney County
Combining Statement of Assets and Fund Balances – Non-Major Special Revenue Funds – Modified Cash Basis
December 31, 2024

Local
Emergency
Sheriff Drug Circuit Clerk Circuit Clerk Planning Domestic
Forfeiture Treatment Driven Commission Election Recorder Law Library Violence
Fund Courts Fund Courts Fund Fund Services Fund Tech Fund Fund Fund
Assets
Cash and investments $ 3,853 $ 45,394 $ 54,906 $ 19,818 $ 55,181 $ 709,403 $ 20,715 $ 6,369
Total Assets $ 3,853 $ 45,394 $ 54,906 $ 19,818 $ 55,181 $ 709,403 $ 20,715 $ 6,369

Fund Balances
Restricted for
Public safety $ 3,853 $ - $ - $ 19,818 $ - $ - $ - $ 6,369
Elections - - - - 55,181 - - -
Recorder - - - - - 709,403 - -
Judicial - 45,394 54,906 - - - 20,715 -
Tax maintenance - - - - - - - -
Opioid settlements - - - - - - - -
Assigned to
Assessment - - - - - - - -
Total Fund Balances $ 3,853 $ 45,394 $ 54,906 $ 19,818 $ 55,181 $ 709,403 $ 20,715 $ 6,369

54
 Taney County
Combining Statement of Assets and Fund Balances – Non-Major Special Revenue Funds – Modified Cash Basis
December 31, 2024

Opioid Opioid
Sheriff Circuit Clerk Circuit Clerk Circuit Clerk Settlement Settlement
Revolving Inmate Interest Juvenile Education Restricted Unrestricted
Fund Security Fund Fund Fund Fund Fund Fund Total
Assets
Cash and investments $ 29,041 $ 194,372 $ 42,773 $ 78,166 $ 84,863 172,051 23,534 $ 2,657,839
Total Assets $ 29,041 $ 194,372 $ 42,773 $ 78,166 $ 84,863 $ 172,051 $ 23,534 $ 2,657,839

Fund Balances
Restricted for
Public safety $ 29,041 $ 194,372 $ - $ - $ - $ - $ - $ 668,446
Elections - - - - - - - 55,181
Recorder - - - - - - - 709,403
Judicial - - 42,773 78,166 84,863 - - 520,777
Tax maintenance - - - - - - - 173,027
Opioid settlements - - - - - 172,051 23,534 195,585
Assigned to
Assessment - - - - - - - 335,420
Total Fund Balances $ 29,041 $ 194,372 $ 42,773 $ 78,166 $ 84,863 $ 172,051 $ 23,534 $ 2,657,839

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, 2024

Prosecuting Prosecuting
Law Prosecuting Tax Attorney Attorney
Assessment Enforcement Attorney Maintenance Delinquent Sheriff Civil Bad Check
Fund Training Fund Training Fund E-911 Fund Fund Tax Fund Fees Fund Fund
Receipts
Taxes $ - $ - $ - $ 405,467 $ - $ - $ - $ -
Intergovernmental receipts - - - - - - - -
Fees and charges 740,650 3,581 4,541 30,378 145,123 571 52,315 4,647
Other receipts 16,505 1,945 673 10,701 8,706 2,367 2,036 3,740
Total Receipts 757,155 5,526 5,214 446,546 153,829 2,938 54,351 8,387

Disbursements
General government 714,912 - - - 112,920 - - -
Judicial - - 174 - - 1,317 - 160
Public safety - 6,145 - 340,580 - - 53,880 -
Total Disbursements 714,912 6,145 174 340,580 112,920 1,317 53,880 160

Excess (Deficit) of Receipts Over
Disbursements 42,243 (619) 5,040 105,966 40,909 1,621 471 8,227

Other Financing Sources (Uses)
Operating transfers in (out) (60,138) - - (24,449) (52,000) - - -

Net Change in Fund Balances (17,895) (619) 5,040 81,517 (11,091) 1,621 471 8,227

Fund Balance, Beginning of Year 353,315 5,033 17,189 266,673 184,118 67,756 61,918 94,127
Fund Balance, End of Year $ 335,420 $ 4,414 $ 22,229 $ 348,190 $ 173,027 $ 69,377 $ 62,389 $ 102,354

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, 2024

Local
Sheriff Emergency
Drug Circuit Clerk Circuit Clerk Planning Domestic
Forfeiture Treatment Driven Commission Election Recorder Law Library Violence
Fund Courts Fund Courts Fund Fund Services Fund Tech Fund Fund Fund
Receipts
Taxes $ - $ - $ - $ - $ - $ - $ - $ -
Intergovernmental receipts 2,340 - - 8,367 24,676 - - -
Fees and charges - 12,463 16,796 - 12,903 217,256 14,246 6,260
Other receipts 46 118 - 504 2,418 22,921 53 109
Total Receipts 2,386 12,581 16,796 8,871 39,997 240,177 14,299 6,369

Disbursements
General government - - - - 36,815 127,732 - -
Judicial - 11,010 12,079 - - - 12,112 -
Public safety 100 - - 1,068 - - - 7,150
Total Disbursements 100 11,010 12,079 1,068 36,815 127,732 12,112 7,150

Excess (Deficit) of Receipts Over
Disbursements 2,286 1,571 4,717 7,803 3,182 112,445 2,187 (781)

Other Financing Sources (Uses)
Operating transfers in (out) - - - - - (52,383) - -

Net Change in Fund Balances 7,803 3,182 60,062 2,187 (781)

Fund Balance, Beginning of Year 1,567 43,823 50,189 12,015 51,999 649,341 18,528 7,150
Fund Balance, End of Year $ 3,853 $ 45,394 $ 54,906 $ 19,818 $ 55,181 $ 709,403 $ 20,715 $ 6,369

57
 Taney County
Combining Statement of Receipts, Disbursements, and Changes in Fund Balance – Non-Major Special Revenue Funds – Modified Cash Basis
Year Ended December 31, 2024

Opiod Opioid
Sheriff Circuit Clerk Settlement Settlement
Revolving Inmate Circuit Clerk Circuit Clerk Education Restricted Unrestricted
Fund Security Fund Interest Fund Juvenile Fund Fund Fund Fund Total
Receipts
Taxes $ - $ - $ - $ - $ - $ - $ - $ 405,467
Intergovernmental receipts - - - - - 173,487 66 208,936
Fees and charges 24,260 193,071 10,556 30,052 10,177 - - 1,529,846
Other receipts 672 6,442 107 - 207 1,579 604 82,453
Total Receipts 24,932 199,513 10,663 30,052 10,384 175,066 670 2,226,702

Disbursements
General government - - - - - - - 992,379
Judicial - - 5,952 3,209 4,954 - - 50,967
Public safety 8,331 192,693 - - - 80,000 - 689,947
Total Disbursements 8,331 192,693 5,952 3,209 4,954 80,000 - 1,733,293

Excess (Deficit) of Receipts Over
Disbursements 16,601 6,820 4,711 26,843 5,430 95,066 670 493,409

Other Financing Sources (Uses)
Operating transfers in (out) - - - - - 76,985 22,864 (89,121)

Net Change in Fund Balances 16,601 6,820 4,711 26,843 5,430 172,051 23,534 404,288

Fund Balance, Beginning of Year 12,440 187,552 38,062 51,323 79,433 - - 2,253,551
Fund Balance, End of Year $ 29,041 $ 194,372 $ 42,773 $ 78,166 $ 84,863 $ 172,051 $ 23,534 $ 2,657,839

58
Other Reporting Requirements
 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, each major fund,
and the aggregate remaining fund information of Taney County, Missouri, as of and for the year ended December 31,
2024, 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 September 16, 2025.
We have also audited the discretely presented component unit Taney County Regional Sewer District and issued our report
dated April 8, 2025. This report does not include our testing of internal control over financial reporting or compliance and
other matters that are reported for these discretely presented component units. Our report also includes a reference to
other auditors who audited the financial statements of the Taney County Health Center, 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 County’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees,
in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely
basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a
reasonable possibility that a material misstatement of the 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
60
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 or significant deficiencies 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
September 16, 2025

61
 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 Taney County, Missouri's major
federal programs for the year ended December 31, 2024. Taney County, Missouri's major federal programs are identified
in the Summary of Auditors’ 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 its major federal programs for the year ended December
31, 2024.
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 Auditors’
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
62
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.

63
Our consideration of internal control over compliance was for the limited purpose described in the Auditors’
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.
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
September 16, 2025

64
 Taney County
Schedule of Expenditures of Federal Awards
Year Ended December 31, 2024

Assistance Pass-through
Listing Grantor's Number/Other Passed-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-2023-EP-APP-0004-092 $ - $ 15,974
EMK-2024-EP-05000-088 - 14,711
Total U.S. Department of Homeland Security - 30,685

U.S. Department of Agriculture
State of Missouri Office of Administration
School and Roads - Grants to States 10.665 N/A - 123,491
Total U.S. Department of Agriculture - 123,491

U.S. Department of the Treasury
Direct
COVID-19 - Coronavirus State and Local Fiscal
Recovery Funds 21.027 N/A 25,000 5,200,996
Missouri Department of Public Safety
COVID-19 - Coronavirus State and Local Fiscal
Recovery Funds 21.027 SLFRP4542-CIIEG43 - 50,326
25,000 5,251,322
Direct
COVID-19 - Local Assistance and Tribal Consistency
Fund 21.032 N/A - 389,296
Total U.S. Department of the Treasury 25,000 5,640,618

U.S. Department of Transportation
Missouri Department of Transportation
Highway Planning and Construction 20.205 BRO-R106(002) - 37,353

Federal Lands Access Program 20.224 MO-73 - 226

Highway Safety Cluster
University of Central Missouri
National Priority Safety Programs 20.616 24-M2HVE-05-032 - 1,483
Missouri Department of Transportation
State and Community Highway Safety 20.600 24-PT-02-066 - 4,990
Total Highway Safety Cluster - 6,473

Alcohol Open Container Requirements 20.607 24-154-AL-049 - 4,314
24-ENF-03-078 - 2,527
- 6,841
Total U.S. Department of Transportation - 50,893

See accompanying Notes to the Schedule of Expenditures of Federal Awards.
65
 Taney County
Schedule of Expenditures of Federal Awards
Year Ended December 31, 2024

Assistance Pass-through
Listing Grantor's Number/Other Passed-through Federal
Federal Grantor/Pass Through Grantor/Program Title Number Identifying Number to Subrecipients Expenditures

U.S. Department of Justice
Direct
Bulletproof Vest Partnership Program 16.607 N/A - 5,468
Lawrence County, Missouri
DCE/SP Eradication Grant 16.000 2023-DCE/SP - 3,854
Missouri Department of Public Safety
Rural Violent Crime Initiative 16.039 15PBJA-23-GG-05334-RURA - 31,800
Total U.S. Department of Justice - 41,122

U.S. Department of the Interior
Direct
Payments in Lieu of Taxes 15.226 N/A - 235,331
State of Missouri Office of Administration
National Forest Acquired Lands 15.438 N/A - 11,333
Total U.S. Department of the Interior - 246,664

U.S. Department of Defense
U.S. Army Corp Engineers
Cooperative Agreement 12.000 W9127S-23-P0074 - 7,074
W9127S-23-P0070 - 9,362
- 16,436
State of Missouri Office of Administration
Payments to States in Lieu of Real Estate Taxes 12.112 N/A - 17,161
Total U.S. Department of Defense - 33,597
Total Expenditures of Federal Awards $ 25,000 $ 6,167,070

See accompanying Notes to the Schedule of Expenditures of Federal Awards.
66
 Taney County
Notes to the Schedule of Expenditures of Federal Awards
Year Ended December 31, 2024

1. Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Taney
County, Missouri, for the year ended December 31, 2024 and is presented on the modified cash basis of accounting, as
described below. 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,
Missouri.

2. Summary of Significant Accounting Policies
Expenditures reported on the Schedule are reported on the modified cash basis of accounting, which is described in Note
1 to the County’s financial statements. 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.

3. Indirect Cost Rate
Taney County, Missouri, has elected not to use the 10‐percent de minimis indirect cost rate allowed under the Uniform
Guidance.

4. Subrecipients
Taney County, Missouri, provided $25,000 of Coronavirus State and Local Fiscal Recovery Funds to subrecipients in the
current year.

67
 Taney County
Schedule of Findings and Questioned Costs
Year Ended December 31, 2024

Section I: Summary of Auditors’ 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
COVID-19 - Coronavirus State and Local Fiscal Recovery
21.027
Funds

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

68
 Taney County
Summary Schedule of Prior Audit Findings
Year Ended December 31, 2024

There were no prior audit findings.

69