2016-06-21 10:00 AM - Commissioners' Agenda
5/12/2020 1:29:49 PM
5/12/2020 1:29:46 PM
205 West 5th Room 109 - Ellensburg
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COMMISSIONERS' MINUTES <br />KITTITAS COUNTY, WASHINGTON <br />COMMISSIONERS' AUDITORIUM <br />SPECIAL MEETING <br />TUESDAY 11:30 AM JUNE 9,2016 <br />Board members present: Vice Chairman, Paul Jewell and <br />Commissioner Laura Osiadacz; Chairman Obie Obrien was absent. <br /> <br />Others: Judy Pless, Budget and Finance Manager <br />SPECIAL MEETING COMMISSIONERS <br />Budget and Finance Manager, Judy Pless presented to the Board <br />the 2015 year-end balances for the Financial Statements for the <br />period ended December 31, 2015. Pless stated that per the <br />Statement on Auditing Standards (SAS) 115 requirement, the Board <br />is to review the entity's financial reporting and internal <br />controls for financial statements. <br /> <br />There are three main reporting factors which are a follows; <br /> <br />Major Funds <br /> <br />Pless presented the report showing all county funds, with the <br />totals for each fund; Assets and Deferred Outflows, Liabilities <br />and Deferred Inflows, Revenues and Expenditures. The table <br />below shows the total amounts in determining the Major Funds <br /> <br />2015 Major Fund Determination <br /> Assets/Outflows Liabilities/Inflows Revenues Expenditures <br />Total Governmental <br />Funds 46,011,481 9,522,348 49,673,998 48,910,732 <br />10% of <br />Governmental Funds 4,601,148 952,235 4,967,400 4,891,073 <br />Total Governmental <br />Funds and <br />Enterprise Funds <br />66,756,997 12,227,234 57,540,800 55,537,133 <br />5% of Total <br />Governmental Funds <br />and Enterprise <br />Funds <br />3,337,850 611,362 2,877,040 2,776,857 <br /> <br />After the calculation, the Governmental Major funds that are <br />classified for reporting are General Fund (always) and County <br />Road and the Enterprise Major funds are Solid Waste and <br />Equipment Rental and Revolving (ER&R). There are no <br />recommendations for additional funds to be reported as Major <br />funds. <br />
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