2007 Audit firstsec
162
pages
English
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162
pages
English
Documents
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Lane Council of Governments
Annual Financial Report
For the Year Ended June 30, 2007
LANE COUNCIL OF GOVERNMENTS
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ANNUAL FINANCIAL REPORT
For the Year Ended June 30, 2007
LANE COUNCIL OF GOVERNMENTS
TABLE OF CONTENTS
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Page
INTRODUCTORY SECTION
Board of Directors i
Organizational Chart ii
Letter from the Executive Director iii
FINANCIAL SECTION
Independent Auditor's Report 1-2
Management’s Discussion and Analysis 3-11
Basic Financial Statements:
Government-wide Financial Statements:
Statement of Net Assets 12
ent of Activities 13
Fund Financial Statements:
Balance Sheet – Governmental Funds 14-15
Reconciliation of the Balance Sheet – Governmental Funds to the Statement of Net Assets 16
Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds 17
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances –
Governmental Funds to the Statement of Activities 18
Statement of Net Assets – Proprietary Funds 19
Statement of Revenues, Expenses, and Changes in Net Assets – Proprietary Funds 20
Statement of Cash Flows – Proprietary Funds 21-22
Statement of Fiduciary Net Assets – Fiduciary Funds 23
Notes to the Financial Statements 24-42
Other Statements, and Schedules:
Combining Statement of Changes in Assets and Liabilities – Agency Funds 43
Schedules of Revenues, Expenditures, and Changes in Fund Balance –
Budget and Actual:
General Fund 44 Telecommunications 45 Grants and Contracts 46-47
Boundary Commission 48 Washington Mutual Building 49 Schaefers Building 50
Loan Program 51
LANE COUNCIL OF GOVERNMENTS
TABLE OF CONTENTS, Continued
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Other Statements and Schedules, Continued Page
Schedules of Resources and Requirements – Budget and Actual:
All Organizational Units 52
General Fund 53
Board/Executive Services 54
Local Government Services 55
Regional Technology Servi56
Senior and Disabled Services 57
Enterprise Funds 58
Support Services 59
Cost Allocation Plan 60-61
Schedules of Revenues and Expenditures:
Department of Transportation 62
Joint Fund 63
Type B Funds 64
Economic Development 65
Schedules Required by Oregon Minimum Standards:
Schedule of Insurance in Force 66
e of Future Requirements for Retirement of Long-Term Debt 67-69
Intermediary Relending Program:
Statement of Net Assets 70
Statement of Revenues, Expenses, and Changes in Net Assets 71
Schedules of Available Cash and Non-Cash Resources and Program Expenditures:
Title III-B 72-73
Title III-C-1 74
Title III-C-2 75
Title III-D 76
Title III-E 77-78
Title VII 79
Oregon Project Independence 80-81
Schedule of Receivables and Deferred Revenue – Grants and Contracts 82-83
LANE COUNCIL OF GOVERNMENTS
TABLE OF CONTENTS, Continued
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Page
AUDIT COMMENTS AND DISCLOSURES REQUIRED BY STATE REGULATIONS 84-85
GRANT COMPLIANCE REVIEW:
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 86-87
Report on Compliance with Requirements Applicable to Each Major Program
and on Internal Control Over Compliance in Accordance with
OMB Circular A-133 88-89
Schedule of Expenditures of Federal Awards 90-93
Notes to Schedule of Expenditures of Federal Awards 94-95
Schedule of Findings and Questioned Costs 96
Summary Schedule of Prior Audit Findings 97
I N T R O D U C T O R Y S E C T I O N
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