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s � � County Clerk Jeffrey Barton introduced Ms. Christine Hill and Mr. Dan O'Keefe of Coopers and Lybrand. Dan O'Keefe, Audit Manager, came before the Board to review their report. Mr. O'Keefe referred to their report on Page 1, stressing that this is an unqualified opinion. He then went systematically through the report, mentioning first the Combined Balance Sheet on Pages 4 and 5, which shows all your governmental fund types and proprietary fund types. He noted that the General Fund has an unreserved fund balance of $15,597,331. On Pages 8 and 9 is a Combined Statement of Revenues, Expenditures and Changes in Fund Balances, and Mr. O'Keefe explained that this is a budgetary comparison of your governmen- tal fund types, which shows you how your actual expenditures went against your budgeted operations. As you can see, your revenues exceeded your original budget estimates and your expenditures were under the original estimate, which resulted in an excess of revenues over expenditures by about two million. This added to your fund balance at the end of the year and put the General Fund in a fairly strong position Mr. O'Keefe felt that the amount of fund balance in the General Fund is fairly conservative and a good amount. If you look at your Special Revenue Funds, which is a combination of a lot of different things and includes among other things grant funds which vary from year to year, you have what looks to be an excess of revenues, and under expenditures, it looks like you overspent your budget, which you really did not because you were budgeting in excess of 11 million. What it actually means is that some of the projects you originally budgeted, you did not complete in this fiscal year. Mr. O'Keefe noted that Page 10 addresses Capital Project Funds, and he explained the way you have been budgeting these projects is that while the aggregate cost of the project is budgeted, you may not necessarily complete it within this fiscal year, which accounts for the bulk of your favorable variance of approximately six million. Mr. O'Keefe moved on to Page 12, All Proprietary Fund Types, explaining that the Enterprise column consists of several different funds, Water and Sewer being the biggest, and it also includes the Landfill as well as the Solid Waste Disposal District. Another entity included within this column is the Housing Authority. Under the Internal Service column, the most important item there is the Self Insurance Program. Mr. O'Keefe continued that looking at your Enterprise Funds, your charges for services are broken out by category. Your Landfill fees are 5 million dollars now, and your Water and Sewer fees also. The 7 f�UGK F'AuC MAY 2 8 `9'91