2011 Annual Report

2011 ANNUAL REPORT

FISCAL YEAR JULY 1, 2010 THROUGH JUNE 30, 2011

STACEY E. PICKERING STATE AUDITOR

www.osa.ms.gov

2011 ANNUAL REPORT FISCAL YEAR JULY 1, 2010 THROUGH JUNE 30, 2011 STACEY E. PICKERING STATE AUDITOR

For additional copies of the

OSA Annual Report contact:

Office of the State Auditor Laney Grantham Press Secretary

P.O. Box 956 Jackson, Mississippi 39205

601-576-2800 Office 1-800-321-1275 Office In-State

www.osa.ms.gov

E-mail: [email protected]

The Mississippi Office of the State

Auditor does not discriminate on the basis of race, religion, national origin, sex, age or disability

TABLE OF CONTENTS

PRIMARY STATUTORY RESPONSIBILITIES ...... 6 OFFICE OF THE STATE AUDITOR’S MISSION ...... 7 AUDIT RESPONSIBILITY ...... 8 OFFICE CUSTOMERS ...... 9 DIVISIONS ...... 10 OFFICE GOALS ...... 11 ADMINISTRATIVE SERVICES DIVISION ...... 13 FINANCIAL AND COMPLIANCE AUDIT DIVISION ...... 14 AUDIT SECTIONS ...... 15 COUNTY AUDIT SECTION ...... 15 EDUCATION AUDIT SECTION ...... 15 STATE AGENCY AUDIT SECTION ...... 15 EDP AUDIT SECTION ...... 16 REPORT PROCESSING SECTION ...... 16 GOALS AND OBJECTIVES ...... 16 ACCOMPLISHMENTS FOR 2010 ...... 16 INFORMATION TECHNOLOGY DIVISION ...... 18 ACCOMPLISHMENTS FOR 2008 ...... 18 FUTURE PLANS ...... 19 INVESTIGATIVE DIVISION...... 20 PERFORMANCE AUDIT DIVISION ...... 21 PROPERTY AUDIT DIVISION ...... 23 TECHNICAL ASSISTANCE DIVISION ...... 24 ACCOMPLISHMENTS FOR 2008 ...... 24 OTHER ACCOMPLISHMENTS FOR 2008 ...... 25 AUDIT REPORTS RELEASED ...... 26

PRIMARY STATUTORY RESPONSIBILITIES

Section 134 of the Mississippi Constitution, adopted November 1, 1890, created the Office of the Auditor of Public Accounts, now the Office of the State Auditor. The Mississippi Code of 1972 (Annotated) grants the Office important responsibilities. Section 7-7-211 is the most comprehensive, charging the Office with the following responsibilities and authority:

 Identify and define generally accepted accounting principles for all public offices of the state and its subdivisions;

 To provide best practices, systems of accounting, budgeting and financial reporting for all public offices of regional and local subdivisions of the state and assist in the installation of these systems;

 Study and analyze existing managerial policies, methods, procedures, duties and services of state agencies and institutions upon written request of the Governor or the Legislature or its designee, and determine if operations can be eliminated, combined, simplified or improved;

 Relative to the comprehensive annual financial report of the state, post-audit and, when necessary, pre-audit and investigate financial matters of departments, institutions, boards, commissions and other agencies of state government;

 Post-audit and, when necessary, pre-audit and investigate financial matters of county governments, public school districts, community college districts, levee boards, agencies created by the Legislature or by executive order, profit or nonprofit business entities administering programs financed by funds flowing through the state treasury or receiving grants from revenues collected by state governmental divisions and all other public bodies supported by funds derived in part or wholly from public funds, except municipalities;

 Demand payment from public officers, employees, administrative bodies, individuals, partnerships, corporations or associations for amounts representing recovery of public funds improperly withheld, misappropriated or otherwise illegally expended and the value of public property disposed of in an unlawful manner, institute suit in any state court for demands not paid;

 Investigate suspected violations of state laws by officers or employees of the state, counties or other public offices;

 With approval of a chancery or circuit court, issue subpoenas to examine records, etc. regarding persons, firms or other entities related to dealings with any state, county or other public entity;

 In lieu of conducting audits, examine audits of public hospitals or public school districts produced by certified public accountants. Provide audit programs and report formats to accountants conducting audits of public hospitals and public school districts;

 If funds are made available by the Legislature, contract for preparation of selected audits of departments, institutions, boards, commissions or other agencies of state government, county governments, public school districts, community college districts and any other public bodies supported by public funds, except municipalities, provide audit programs and report formats to accountants conducting contract audits;

 Establish training courses and programs for state and local government personnel under jurisdiction of the Office; and

 Upon written request of the Governor or member of the Legislature, audit any state or federal funds received by any nonprofit corporation.

Other responsibilities are given to the Office throughout sections of the Mississippi Code. However, most of these are addressed within the responsibilities mentioned above. When new programs are created or funded by the Legislature, the Office is often given audit or best practice responsibility.

OFFICE OF THE STATE AUDITOR’S MISSION

Based on the purpose intended for the Office and the services the Office provides, the following mission statement was developed and published in fiscal year 1997:

The mission of the Office of the State Auditor is to serve its customers and protect the public’s trust by independently assessing state and local governmental and other entities to ensure that public funds are properly received, are legally, effectively, and efficiently spent and are accounted for and reported accurately.

AUDIT RESPONSIBILITY

The above statutory responsibilities make the Office responsible for financial reporting of most public entities within the state. This entails audit, review, recording, receipt or investigative responsibility for over 1,000 entities in the following categories:

General State and Local Governments

General governments provide a wide range of services to their citizens and number the following:

State Agencies 120 Cities 297 Counties 82

Special-Purpose Governmental Entities

Most special-purpose governments provide a single, special service. Created by counties, municipalities or a combination of both, or by special legislation passed by the Legislature, all were designed to provide services not offered by individual general governments. In most cases, special-purpose governments are designed as authorities, agencies, boards or districts.

The Office maintains some oversight responsibility for special-purpose governments. In addition, other public and private entities fall within the Office’s oversight when created or financially supported by Legislative appropriations.

OFFICE CUSTOMERS

Based on analysis of Mississippi statutes, the Office has identified and prioritized its customers to provide the above services in a manner to protect the public’s interest. These include:

1) Citizens and taxpayers of the State of Mississippi 2) Legislative, Executive and Judicial Branches of State government 3) State and local governmental entities 4) Federal government 5) Other states

Citizens are prioritized as the most important Office customer, since providing services for and on their behalf is the reason government exists. The Office has primary responsibility for oversight of the taxpayers’ state and often local government supporting funds.

Therefore, the primary purpose of the Office is protection of the interests of its most important customer, the taxpayers.

The legislative, executive and judicial branches of state government, along with the Office, exist to serve citizens and taxpayers. Therefore, the Office provides valuable services to these branches in performing their services to the citizens of the State.

State and local governmental entities are the primary recipients of Office services with customers receiving benefits from the services provided by this Office. Although state agencies are a part of the executive, legislative and judicial branches, state agencies are also considered separate Office customers since they are the subject of audits and are not always directly accountable to citizens and taxpayers. Although the focus of day-to-day Office work relates to state and local governmental entities, benefits accrue to higher prioritized customers: taxpayers, and legislative, executive, and judicial branches.

Because the federal government provides certain funds to the State, the State has reporting responsibilities to the federal government. Additionally, the Office’s audit field work and reporting standards are controlled in part by the federal government. Since other states occasionally use our reports in their work, they are also considered valued Office customers.

DIVISIONS

The Office of the State Auditor is composed of seven divisions. These include:

Administrative Services Division (page 14) Mary McNeill, Director

Financial & Compliance Audit Division (page 15) Bill Doss, CPA, Director

Information Technology Division (page 19) Jim Moore, Director

Investigative Division (page 21) David Huggins, Director

Performance Audit Division (page 22) Sam Atkinson, Director

Property Audit Division (page 24) Scott Rhodes, Director

Technical Assistance Division (page 25) W. Edward Smith, CPA, Director

OFFICE GOALS

In accomplishing its mission, the Office of the State Auditor has established the following goals:

 Establish accounting and financial reporting systems for all regional and local governmental entities. Consult with State Fiscal Officer in the establishment of accounting and financial reporting systems for the State;

 Perform or contract the necessary financial, compliance, performance and investigative audits in accordance with professional standards;

 Train public officials in methods of conducting their duties in compliance with state law;

 Comply with constitutional and statutory provisions; and

 Make government more accessible to the taxpayers.

The Office will accomplish these goals by:

• Providing timely financial and legal compliance audits of state agencies, counties, school districts and state supported colleges and universities;

• Providing timely technical assistance to representatives of state and local governments and the general public;

• Investigating state and local governments and government representatives and employees concerning legal compliance violations and accountability issues;

• Performing performance audits for state and local governments to improve accountability, economy and efficiency of government operations;

• Conducting state-wide property audits and verifying the validity and accuracy of the process and the internal controls schools use to produce adequate information regarding student transactions;

• Providing the Office and state and local governments assistance with their information management needs; and

• Working with local governments to secure E-Government services for the taxpayers it serves.

Professional Audit Standards

The Office is comprised of professional staff to perform a necessary function to protect the welfare and ensure the public trust. Because taxes are an involuntary requirement for the citizens of this great state, financial accountability and responsibility for an effective and efficient government are the responsibility of every public servant, including those elected, appointed and employed. This public trust requires a diligent review and accounting for the financial reporting and performance of all entities entrusted with public funds. To perform this service, the Office complies with generally accepted government auditing standards (GAGAS) issued by the United States Government Accountability Office and documented as Government Auditing Standards and Generally Accepted Auditing Standards (GAAS) published by the American Institute of Certified Public Accountants. The Office also abides by pronouncements of the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB) where applicable. Additionally, the Office participates in a quality control review process whereby Office audits are periodically reviewed by other states’ audit office personnel for compliance with the above standards. Also the Office’s finances are reviewed by the Legislative PEER Committee to ensure all financial matters are in order.

What does all this mean? The Office sets high standards of performance for the auditors it hires and the work they perform. The trust placed with the Office by the public is not taken lightly, nor the responsibility ignored. These standards and the reviews the Office undergo help ensure the quality of the work prepared and presented to the public administrators of the public funds and resources on behalf of the citizens of the state, who are our primary customers and to whom we acknowledge a great responsibility.

ADMINISTRATIVE SERVICES DIVISION

The Administrative Services Division provides services to the agency in the areas of payroll, human resources, travel, purchasing, accounts payable and invoice processing. The Division is also responsible for all accounting functions, including preparing the agency’s budget and GAAP packet.

The Administrative Services Division assists the Performance Audit Division with its bond monitoring program. The Division continues to coordinate the administrative and financial responsibilities associated with the Disaster Fraud Prevention and Detection Unit, and with the American Recovery and Reinvestment Act of 2009.

FINANCIAL AND COMPLIANCE AUDIT DIVISION William R. Doss, CPA, Director

The Financial and Compliance Audit Division employs a majority of the employees of the Office and produces most of its published work. The Division is responsible for performing audits on 82 counties, 15 colleges, the university system, 150 local school districts and the State of Mississippi, which includes 120 state agencies. To perform these audit duties, the Division is organized into five sections:

County Audit Section Scott Speights, CPA, CIA, CGAP, MBA, Director

Education Audit Section Tommy Vickers, CPA, Director

State Agency Audit Section Rob Robertson, Director

EDP Audit Section Mike Ferguson, CISA, Manager

Report Processing Section Jackie Thomas, Report Processor

Through this division, the Office accomplishes its primary statutory duties of:

• Examining the financial records and statements of counties, school districts, colleges, the university system and the State of Mississippi to determine accuracy and reliability;

• Reviewing, testing and evaluating state and local government control systems to ensure

 The safeguarding of assets,

 The legality, accuracy and reliability of financial transactions, records and statements, and

 Adherence to prescribed management control policies;

• Auditing and issuing opinions on financial statements of counties, school districts, colleges, the university system and the State of Mississippi;

• Issuing the State’s Single Audit Report and single audit reports of counties, school districts, colleges and the university system;

• Examining and testing transactions and operational processes of auditees to determine compliance with laws and regulations; and

• Reviewing audits of college, county, school district and state agency financial statements performed by CPA firms.

To reduce travel time and expenses, the Division maintains staff in Jackson, with branch offices in Laurel, Greenville and Perkinston.

AUDIT SECTIONS

A brief description of each of the audit sections is given below.

County Audit Section

The County Audit Section audits the 82 Mississippi counties. During fiscal year 2011, the County Audit Section released reports on 27 counties it audited. Also during this period, this Section reviewed and released reports on 48 counties audited by CPA firms.

Education Audit Section

The Education Audit Section is responsible for college and university audits and for local school district audits. Education Audit Section auditors are responsible for 15 public colleges, the Board of Trustees of the Institutions of Higher Learning, and eight public universities and their divisions. During fiscal year 2011, the Section audited no reports for colleges. Beginning in the fiscal year ended June 30, 1998, the Section audits the universities under the governance of the Board of Trustees of the Institutions of Higher Learning as a system. During the year, the Section completed its review of the CPA firm’s audit of the University System for the fiscal year ended June 30, 2010. Colleges not audited by this Section were audited by CPA firms under contracts supervised by the Education Audit Section. Twenty college audit reports issued by CPA firms were reviewed and released during fiscal year 2011.

The Education Audit Section is also responsible for conducting annual audits of the 150 public school districts in the state. During fiscal year 2011, the Education Audit Section audited and released reports on 26 school districts. Public school districts not audited by this Section are audited by CPA firms under contracts supervised by the Education Audit Section. One hundred fifty-five school district audit reports issued by CPA firms were reviewed and released during fiscal year 2011.

State Agency Audit Section

The State Agency Audit Section is responsible for the annual audit of the State of Mississippi, including the State’s Comprehensive Annual Financial Report (CAFR) and its Single Audit Report.

EDP Audit Section

The EDP Audit Section works with the other sections to perform reviews of entities’ electronic data processing systems.

Report Processing Section

The Report Processing Section finalizes all Division reports and processes them for publication.

GOALS AND OBJECTIVES

The goals and objectives of the Financial and Compliance Audit Division include the following:

• Perform more efficient and effective audits while maintaining current audit status and timely release of audits;

• Increase the use of computers in performing audit procedures and ensure the staff has access to the most up-to-date technology;

• Provide staff training on new technical pronouncements;

• Continue to reduce time between the completion of fieldwork and the issuance of the report;

• Increase the number of auditors in the EDP Audit Section; and

• Revise various manuals for the professional staff.

ACCOMPLISHMENTS FOR 2011

The Financial and Compliance Audit Division accomplished many things during the 2011 fiscal year. Highlights of these accomplishments include:

• This division took exception to $10,300 of expenditures, which were returned directly to governmental entities.

• During fiscal year 2011, the County Audit Section released 75 audit reports. The reports covered Governmental Activities program revenues in excess of $480.4 million, Governmental Activities general revenues in excess of $1.176 billion, Governmental Activities expenses in excess of $1.590 billion and net assets in excess of $3.401 billion. Of these amounts, audit coverage of approximately $302 million program revenues, $837.6 million general revenues, $1.104 billion expenses and $2.441 billion net assets was provided by CPA firms. These reports also covered Business-type Activities revenues in excess of $78.6 million,

Business-type Activities expenses in excess of $79.4 million and net assets in excess of $52 million. Of these amounts, CPA firms provided audit coverage of approximately $66.4 million in revenues, $67.9 million in expenses and $46.8 million in net assets.

• During fiscal year 2011, the Education Audit Section released 20 college audit reports. These audit reports covered operating revenues in excess of $618.38 million, nonoperating revenues in excess of $466.6 million, operating expenses in excess of $1.070 billion, nonoperating expenses in excess of $10.125 million, other revenues and expenses (net) in excess of $81.1 million, and total net assets in excess of $1.177 billion. Audit coverage of these amounts was provided by CPA firms under the supervision of the Education Audit Section.

• During fiscal year 2011, the Education Audit Section reviewed the audit of the thirteenth system-wide audit report on the State of Mississippi Institutions of Higher Learning (IHL). The fiscal year 2010 audit report covered operating revenues in excess of $1.820 billion, nonoperating revenues in excess of $917.2 million, operating expenses in excess of $2.645 billion, nonoperating expenses in excess of $36.3 million, other revenues and expenses (net) in excess of $105.7 million, and total net assets in excess of $3.038 billion.

• During fiscal year 2011, the Education Audit Section released 181 audit reports. The reports covered Governmental Activities program revenues in excess of $1.160 billion, Governmental Activities general revenues in excess of $4.052 billion, Governmental Activities expenses in excess of $5.066 billion, and Governmental Activities total net assets in excess of $3.675 billion. Of these amounts, CPA firms provided audit coverage of approximately $1.030 billion program revenues, $3.498 billion general revenues, $4.416 billion expenses, and $3.091 billion total net assets.

• During fiscal year 2011, Mississippi’s 2010 CAFR and Single Audit Report were released. The Single Audit reports on the state’s compliance of its major federally funded programs. For 2010, programs with expenditures exceeding $27.316 million were identified as major programs.

• The State Agency Audit Section was responsible for auditing Governmental Activities program revenues in excess of $10.569 billion, Business-type Activities program revenues in excess of $540 million, Governmental Activities general revenues in excess of $5.828 billion, Business-type Activities general revenues in excess of $74 million, Governmental Activities expenses in excess of $15.869 billion, Business-type Activities expenses in excess of $773 million, Governmental Activities total net assets in excess of $11.796 billion, and Business-type Activities total net assets in excess of $843 million.

• Staff in the Division assisted the Training Officer in conducting required training sessions for professional staff.

INFORMATION TECHNOLOGY DIVISION

The Information Technology Division is responsible for providing information technology and services to all employees of the Office and other governmental entities that must comply with Office-issued requirements. The Division also conducts computer training, assists auditors with electronic data processing (EDP) audit reviews, procures computer hardware and software, develops and supports computerized applications, maintains a local area network, web server and email system, and provides technical support to the Office staff. The Division supports the Office by:

! Increasing Office employee productivity through automation;

! Improving technological support for all Office staff by focusing on service for the Office;

! Enhancing computer applications and implementing new information systems for other divisions;

! Assisting other divisions applying technology in performing audits;

! Procuring and implementing state-of-the-art hardware and software; and

! Educating office staff in the use of information technology.

ACCOMPLISHMENTS FOR 2011

• Replaced core network switch infrastructure to improve data center throughout;

• Implemented online Time Entry System to streamline data entry into Billing System;

• Assisted in relocating Ellisville branch office to Laurel, MS;

• Replaced our aging Investigative Case Management System with an in-house developed Case Management System named I-10; and

• Ongoing support for the Disaster Fraud Unit in Hattiesburg, MS.

FUTURE PLANS

The Division plans to continue the long-range purchasing by replacing any computer related equipment that is not under manufacturer’s warranty. The Division continues to pursue a wide area network for audit reports and investigative files from around the state to be downloaded directly to the main Office computers. This will expedite the audit report and investigative process. These advances should cut travel costs and enable more effective use of office personnel. The Division continues to support the office in its efforts to perform paperless audits. The Division plans to purchase additional equipment and software to meet this goal.

INVESTIGATIVE DIVISION

The Investigative Division is responsible for investigating allegations or suspected violations of the laws of the State of Mississippi by any state, county or local public official, or other individual responsible for public assets. The primary focus of the Division is to detect and deter the misuse or misappropriation or embezzlement of public assets in the purchase, sale, or use of any supplies, services, equipment or other public property.

This staff assures proper use of public assets through recoveries and prosecution when violations are detected. Government waste, fraud, and abuse represent a hidden tax on every family in Mississippi. This Division’s responsibility is to cut that hidden tax.

Complaints are received from public officials, private citizens, auditors and anonymous or public sources. Any information concerning possible violations should be forwarded to the following:

Office of the State Auditor Attn: David R. Huggins, Director Investigative Division P.O. Box 956 Jackson, MS 39205 (601) 576-2722, or toll free in state (800) 321-1275

Accomplishments for 2011

During fiscal year 2011, there were 65 cases of allegedly misused or misappropriated public assets opened in the Investigative Division with an additional 14 reported in the Disaster Fraud Unit; with a combined total of 79.

During fiscal year 2011, the Investigative Division opened a total of 79 cases of allegedly misappropriated or misused public assets, including 14 new cases in the Disaster Fraud Unit.

The Investigative Division issued 20 formal demands for a total of $2,362,140.23.

The Investigative Division recovered misspent, misappropriated or embezzled funds totaling $934,719.38.

The Investigative Division closed 85 Regular Unit cases and 105 Disaster Fraud Unit cases.

The Investigative Division secured indictments for 14 individuals and garnered 5 guilty pleas from those indictments alone, with additional indictments and trial dates expected in fiscal year 2012.

PERFORMANCE AUDIT DIVISION

During Fiscal Year 2011, the Performance Audit Division continued work on a wide variety of projects related to increasing performance and productivity at all levels of government. These were completed with positive results and satisfied clients. Many of the recommendations have been implemented successfully.

Performance auditing is defined by the U.S. Government Auditing Standards as “the assessment of the performance of organizations, programs, activities, and functions in order to provide information to improve accountability and facilitate decision-making.” Besides providing additional public accountability, efficiency, and effectiveness opportunities, performance reviews and audits are especially important and useful during times of budget shortages. Division reports rely on laws and regulations, best practices, program purposes/goals, current resources, current program operations, as well as expected and desired outputs and outcomes to craft recommendations and complete analysis reports that help achieve fiscal savings while keeping productivity high. While other divisions of the Office are designed to detect governmental entities’ errors or omissions, the Performance Audit Division is one of two office divisions, the other being Technical Assistance, designed to prevent problems and help government managers better perform their jobs.

2011 HIGHLIGHTS

The Performance Audit Division has continued work related to the American Recovery and Reinvestment Act of 2009 (ARRA) including training, liaising, technical assistance, etc.

Performance Audit has continued to assist other Divisions including Investigations, Property and Financial and Compliance in their projects.

The Division continued to respond to Legislative requests, as well as requests from other agencies and local governments. In addition, Performance Audit staff participated in numerous government conferences to conduct training on subjects such as grants management, ARRA, education/MSIS audits, etc.

The Division continued work on the calculation and verification of the Mississippi Adequate Education Program (MAEP) funding request with focus on interdepartmental weaknesses in internal controls regarding MAEP data, correlating the MAEP review with current MSIS audits, and including any audit risk assessments conducted by the Financial Compliance Division that contributes to Performance Audit’s understanding of the MAEP funding estimate.

The Division continued work on MSIS (Mississippi Student Information System) audits.

ACCOMPLISHMENTS FOR 2011 (REPORTS, BRIEFS AND MANAGEMENT LETTERS)

• 2010 Northrop Grumman Employment Verification (Vol. 7 #7)

• 2008 Viking Employment Verification (Vol. 7 #4)

• 2009 Baxter Healthcare Employment Verification (Vol. 7 #5)

• Community and Junior College Funding Formula Review (PA-03)

• MAEP FY12 Preliminary Estimate (PA-06)

• 2009 Nissan Employee Verification – Management Letter (PA-07)

• Comprehensive School Report (Report #124)

• A Performance Review of the State and School Employee’ Life and Health Insurance Plan (Report #125)

• Performance Review of the Contract between Department of Human Services and Young Williams (Report #126)

• MAEP Final Review FY 2012 (PA-08)

• Employment Verification of the Southaven Towne Center (PA-09)

• Financial Analysis of the Madison County Road Construction Contracts (PA-10)

• Mississippi Office of the State Auditor Performance Audit and Cost Savings Analysis

• 2010 – 2011 MSIS School District Audits:

Calhoun County School District Houston Separate School District Kosciusko School District Clay County School District Enterprise School District Lowndes County School District Lauderdale County School District Monroe County School District Winona School District Amory School District Neshoba County School District Starkville School District Philadelphia School District Quitman County School District Newton City School District Webster County School District Union City School District Franklin County School District Simpson County School District Lamar County School District Louisville School District Lumberton School District North Panola School District Lawrence County School District Okolona Separate School District Lincoln County School District Hazlehurst School District Brookhaven School District Sunflower School District Columbia School District Indianola School District North Pike School District Tate County School District Stone County School District

PROPERTY AUDIT DIVISION

The purpose of the Property Audit Division is to protect the public’s trust by independently assessing state and local governmental entities to ensure that public property is properly procured, effectively managed in its dispersal and disposal and proper procedures are lawfully followed regarding the addition and deletion of fixed assets. In addition to verifying the existence of fixed assets, the Property Audit Division is responsible for maintaining a master inventory of all state owned fixed assets and periodic audits of state and local governmental asset maintenance records.

ACCOMPLISHMENTS FOR 2011

The Division performs its duties and responsibilities in conformity with statutory mandates as set forth in Section 29-9-1, et seq, Mississippi Code of 1972 (Annotated). The primary focus of the Division is the verification of assets. In fiscal year 2011, the Division initiated property (verification) of fixed assets as follows:

State Agency and University audits 98

The Division maintains a master state-wide inventory database for all assets owned by state agencies and universities. All reports for additions, deletions and adjustments by agencies and universities are submitted to the Division for review and verification of accuracy and completeness.

The Property Division continues to provide one-on-one training and technical support in property management. The Division offers property managers assistance to promote continuing effectiveness and communicates statutory amendments, rule changes and management techniques.

TECHNICAL ASSISTANCE DIVISION

The Technical Assistance Division was established to provide a mechanism through which state and local government officials can receive guidance to help comply with the many financial and compliance related laws and regulations. This service enables public officials to address and resolve questions or minor problems before they result in misappropriated or misused public funds or resources.

The Division’s staff of four Certified Public Accountants and one Attorney provides an oral and/or written answer to literally thousands of inquires annually. The staff also conducts specialized training to update officials of the latest changes in laws and regulations that affect their jobs maintaining the public’s resources and trust. Combined, the staff has over 100 years of experience in local and state government accounting and auditing.

ACCOMPLISHMENTS FOR 2011

During fiscal year 2011, the Division performed the following services:

• Responded to approximately 7,524 telephone requests for technical assistance from the general public, public officials and employees, other agencies and governing authorities;

• Responded by letter or by E-mail to 417 requests for statements of position of the Office on legal requirements and department regulations. A statement of position is a written letter stating the position or action the Office will take on a situation that has already occurred or will occur in the future;

• Developed, published, and distributed a monthly publication entitled “Technicalities” to over 38,182 public officials, employees, and practitioners. “Technicalities” is presented in a question and answer format and addresses current issues (legal compliance, accounting procedures, new AG opinions, changing legislation, and other matters) facing public officials and employees;

• Met with public officials and various other individuals on matters of concern in an effort to resolve problems and explain areas of statutory compliance, accounting procedures, office regulations, etc.; and

• Developed and conducted 70 Educational and/or Required Certification Programs annually for various groups and associations. Examples include:

Mississippi Supervisors Chancery Clerks Circuit Clerks

County Administrators and Comptrollers County Tax Assessors and Collectors County Board Attorneys Sheriffs Purchase Clerks, Receiving Clerks and Inventory Control Clerks Justice Court Clerks Municipal Aldermen, Councilmen and Mayors Municipal Clerks and Court Clerks Police Chiefs Narcotic Task Forces Municipal Board Attorneys CPAs who conduct municipal, district attorney and other audits throughout the state Election Commissioners Fire Chiefs and Coordinators Soil and Water as well as other assorted local commissions Planning and Development Districts Governmental Purchasing Agents Prosecuting Attorneys Association of Government Accountants Local School Boards and School Officials

OTHER ACCOMPLISHMENTS FOR 2011

• Reviewed all official opinions of the Attorney General for research purposes;

• Provided legislators with information concerning proposed legislation upon request and met with or testified before legislative bodies to explain the intent or effect of proposed legislation;

• Compiled the annual update of the legal digest for Mississippi counties;

• Scheduled and conducted continuing education for the staff of the Office of the State Auditor; and

• Began the monitoring program of the Audit Division in compliance with Yellow Book Auditing Standards.

FINANCIAL AND COMPLIANCE AUDIT REPORTS RELEASED FY 2011

26 OFFICE OF THE STATE AUDITOR Financial and Compliance Audit Reports Released State Fiscal Year Ended June 30, 2011

Government Entity Period Ended

Released in July 2010 Benton County September 30, 2009 DeSoto County September 30, 2009 Lafayette County September 30, 2009 Lauderdale County September 30, 2009 Neshoba County September 30, 2009 Tunica County September 30, 2009 Warren County September 30, 2009 Washington County September 30, 2009

Jackson Public School District June 30, 2008 Neshoba County School District June 30, 2008

Amite County School District June 30, 2009 Biloxi Public School District June 30, 2009 Copiah County School District June 30, 2009 Corinth School District June 30, 2009 East Jasper School District June 30, 2009 Greenwood Public School District June 30, 2009 Gulfport School District June 30, 2009 Hazlehurst City School District June 30, 2009 Holmes County School District June 30, 2009 Houston School District June 30, 2009 Kemper County School District June 30, 2009 Leake County School District June 30, 2009 North Pike Consolidated School District June 30, 2009 Poplarville Special Municipal Separate School District June 30, 2009 Smith County School District June 30, 2009 Yazoo City Municipal School District June 30, 2009

Released in August 2010 Attala County September 30, 2008 Lee County September 30, 2008

Clarke County September 30, 2009 Forrest County September 30, 2009 Greene County September 30, 2009

OFFICE OF THE STATE AUDITOR Financial and Compliance Audit Reports Released State Fiscal Year Ended June 30, 2011

Released in August 2010 continued Perry County September 30, 2009 Pontotoc County September 30, 2009

East Tallahatchie School District June 30, 2008 Greene County School District June 30, 2008 Pearl Public School District June 30, 2008

Clinton Public School District June 30, 2009 Enterprise School District June 30, 2009 Franklin County School District June 30, 2009 Monroe County School District June 30, 2009 Oxford School District June 30, 2009 Pascagoula Municipal Separate School District June 30, 2009

East Central Community College June 30, 2009 Northeast MS Community College June 30, 2009

Released in September 2010 Wilkinson County September 30, 2008

Adams County September 30, 2009 Covington County September 30, 2009 Jasper County September 30, 2009 Lawrence County September 30, 2009 Lowndes County September 30, 2009 Walthall County September 30, 2009

Canton Public School District June 30, 2008

Forest Municipal School District June 30, 2009 Louisville Municipal School District June 30, 2009 Lumberton Public Municipal School District June 30, 2009 Madison County School District June 30, 2009 Pass Christian Public Municipal School District June 30, 2009 Pontotoc City Municipal School District June 30, 2009 Prentiss County School District June 30, 2009 Walthall County School District June 30, 2009

Copiah -Lincoln Community College June 30, 2008

28 OFFICE OF THE STATE AUDITOR Financial and Compliance Audit Reports Released State Fiscal Year Ended June 30, 2011

Released in October 2010 Chickasaw County September 30, 2008 Tallahatchie County September 30, 2008 Tishomingo County September 30, 2008

Bolivar County September 30, 2009 Coahoma County September 30, 2009 Hancock County September 30, 2009 Jones County September 30, 2009 Panola County September 30, 2009

Starkville School District June 30, 2008 Stone County School District June 30, 2008

Choctaw County School District June 30, 2009 East Tallahatchie School District June 30, 2009 Holly Springs School District June 30, 2009 Laurel School District June 30, 2009 McComb Separate School District June 30, 2009 Nettleton School District June 30, 2009 Perry County School District June 30, 2009 Tishomingo County Special Municipal Separate School District June 30, 2009 Webster County School District June 30, 2009

Released in November 2010 Jefferson County September 30, 2009 Kemper County September 30, 2009 Madison County September 30, 2009 Monroe County September 30, 2009 Scott County September 30, 2009

Lamar County School District June 30, 2008

Alcorn County School District June 30, 2009 Baldwyn Public School District June 30, 2009 Chickasaw County School District June 30, 2009 Greene County School District June 30, 2009 Greenville Public Schools June 30, 2009 Grenada School District June 30, 2009 Jackson County School District June 30, 2009 Lafayette County School District June 30, 2009 Noxubee County School District June 30, 2009

29 OFFICE OF THE STATE AUDITOR Financial and Compliance Audit Reports Released State Fiscal Year Ended June 30, 2011

Released in November 2010 continued Pearl Public School District June 30, 2009 Pontotoc County School District June 30, 2009 South Pike School District June 30, 2009 Tate County School District June 30, 2009 Union County School District June 30, 2009 Clinton Public School District June 30, 2010 Rankin County School District June 30, 2010

Released in December 2010 Noxubee County September 30, 2008

Calhoun County September 30, 2009 Leake County September 30, 2009 Pearl River County September 30, 2009 Smith County September 30, 2009 Yalobusha County September 30, 2009 Yazoo County September 30, 2009

Canton Public School District June 30, 2009 Quitman County School District June 30, 2009

Meridian Public School District June 30, 2010

Released in January 2011 Claiborne County September 30, 2009 George County September 30, 2009 Montgomery County September 30, 2009 Newton County September 30, 2009

Columbia School District June 30, 2008

Attala County School District June 30, 2009 Booneville School District June 30, 2009 Lauderdale County School District June 30, 2009 Neshoba County School District June 30, 2009 Pearl River County School District June 30, 2009 Picayune School District June 30, 2009

Amite County School District June 30, 2010 Benton County School District June 30, 2010 Choctaw County School District June 30, 2010

30 OFFICE OF THE STATE AUDITOR Financial and Compliance Audit Reports Released State Fiscal Year Ended June 30, 2011

Released in January 2011 continued Columbus Municipal School District June 30, 2010 DeSoto County School District June 30, 2010 Durant Public School District June 30, 2010 Enterprise School District June 30, 2010 Grenada School District June 30, 2010 Kosciusko School District June 30, 2010 Long Beach School District June 30, 2010 Marshall County School District June 30, 2010 Moss Point School District June 30, 2010 New Albany Public School District June 30, 2010 Poplarville Special Municipal Separate School District June 30, 2010 Quitman Consolidated School District June 30, 2010 South Tippah School District June 30, 2010 Western Line School District June 30, 2010

Coahom a Community College & AHS June 30, 2009 Copiah-Lincoln Community College June 30, 2009 Hinds Community College June 30, 2009 Itawamba Community College June 30, 2009 Pearl River Community College June 30, 2009 Southwest MS Community College June 30, 2009

East MS Community College June 30, 2010 Jones County Junior College June 30, 2010 Meridian Community College June 30, 2010

Released in February 2011 Tippah County September 30, 2008

Carroll County September 30, 2009 Grenada County September 30, 2009 Pike County September 30, 2009 Sharkey County September 30, 2009 Sunflower County September 30, 2009 Tate County September 30, 2009

Brookhaven School District June 30, 2009 Humphreys County School District June 30, 2009 Itawamba County School District June 30, 2009 Lincoln County School District June 30, 2009 Simpson County School District June 30, 2009

31 OFFICE OF THE STATE AUDITOR Financial and Compliance Audit Reports Released State Fiscal Year Ended June 30, 2011

Released in February 2011 continued Aberdeen School District June 30, 2010 Biloxi Public School District June 30, 2010 Calhoun County School District June 30, 2010 George County School District June 30, 2010 Jefferson Davis County School District June 30, 2010 Lee County School District June 30, 2010 Ocean Springs School District June 30, 2010 Tunica County School District June 30, 2010 Wilkinson County School District June 30, 2010 Winona Public School District June 30, 2010 Yazoo County School District June 30, 2010

East Central Community College June 30, 2010 MS Delta Community College June 30, 2010

Released in March 2011 Quitman County September 30, 2008

Alcorn County September 30, 2009 Copiah County September 30, 2009 Humphreys County September 30, 2009 Jackson County September 30, 2009 Marion County September 30, 2009 Tishomingo County September 30, 2009

Clarksdale Municipal School District June 30, 2009 Hinds County School District June 30, 2009 Marion County School District June 30, 2009 Philadelphia Public School District June 30, 2009 Sunflower County School District June 30, 2009 Union Public School District June 30, 2009 Water Valley School District June 30, 2009

Attala County School District June 30, 2010 Benoit School District June 30, 2010 Coahoma County School District June 30, 2010 Drew School District June 30, 2010 East Tallahatchie School District June 30, 2010 Forrest County AHS June 30, 2010 Greenwood Public School District June 30, 2010

32 OFFICE OF THE STATE AUDITOR Financial and Compliance Audit Reports Released State Fiscal Year Ended June 30, 2011

Released in March 2011 continued Gulfport School District June 30, 2010 Harrison County School District June 30, 2010 Hattiesburg Public School District June 30, 2010 Hazlehurst City School District June 30, 2010 Holmes County School District June 30, 2010 Laurel School District June 30, 2010 Lawrence County School District June 30, 2010 Leflore County School District June 30, 2010 Louisville Municipal School District June 30, 2010 Lowndes County School District June 30, 2010 Lumberton Public School District June 30, 2010 Madison County School District June 30, 2010 McComb Separate School District June 30, 2010 Newton County School District June 30, 2010 North Pike Consolidated School District June 30, 2010 North Tippah Consolidated School District June 30, 2010 Oxford School District June 30, 2010 Pascagoula Municipal Separate School District June 30, 2010 Picayune School District June 30, 2010 Richton School District June 30, 2010 Smith County School District June 30, 2010 Webster County School District June 30, 2010 West Bolivar School District June 30, 2010

Northwest MS Community College June 30, 2010 MS Gulf Coast Community College June 30, 2010

Released in April 2011 Harrison County September 30, 2008

Marshall County September 30, 2009 Rankin County September 30, 2009

North Bolivar School District June 30, 2009

East Jasper School District June 30, 2010 Hollandale School District June 30, 2010 Indianola School District June 30, 2010 Montgomery County School District June 30, 2010 Mound Bayou Public Schools June 30, 2010 Natchez-Adams School District June 30, 2010

33 OFFICE OF THE STATE AUDITOR Financial and Compliance Audit Reports Released State Fiscal Year Ended June 30, 2011

Released in April 2011 continued North Panola School District June 30, 2010 Pass Christian Public School District June 30, 2010 Perry County School District June 30, 2010 Vicksburg-Warren School District June 30, 2010

Holmes Community College June 30, 2010 Hinds Community College June 30, 2010 IHL June 30, 2010 Itawamba Community College June 30, 2010

Released in May 2011 Choctaw County September 30, 2009 Leflore County September 30, 2009 Wayne County September 30, 2009

Clarke County September 30, 2010

Petal School District June 30, 2009 South Delta School District June 30, 2009 Hancock County School District June 30, 2009

Booneville School District June 30, 2010 Clarksdale Municipal School District June 30, 2010 Humphreys County School District June 30, 2010 Jefferson County School District June 30, 2010 Newton Municipal School District June 30, 2010 Okolona Municipal Separate School District June 30, 2010 Quitman County School District June 30, 2010 West Point School District June 30, 2010

Northeast MS Community College June 30, 2010

Released in June 2011 Chickasaw County September 30, 2009

DeSoto County September 30, 2010 Forrest County September 30, 2010 Hinds County September 30, 2010 Kemper County September 30, 2010 Lauderdale County September 30, 2010 Simpson County September 30, 2010

34 OFFICE OF THE STATE AUDITOR Financial and Compliance Audit Reports Released State Fiscal Year Ended June 30, 2011

Released in June 2011 continued Sunflower County September 30, 2010

Scott County School District June 30, 2008

Claiborne County School District June 30, 2009 Cleveland School District June 30, 2009

Clay County School District June 30, 2010 Corinth School District June 30, 2010 Forest Municipal School District June 30, 2010 Forrest County School District June 30, 2010 Greenville Public School District June 30, 2010 North Bolivar School District June 30, 2010 Noxubee County School District June 30, 2010 Pontotoc County School District June 30, 2010 Senatobia Municipal School District June 30, 2010 South Delta School District June 30, 2010 Water Valley School District June 30, 2010 Yazoo City Municipal School District June 30, 2010

35 COUNTY AUDITS RELEASED BY THE OFFICE OF THE STATE AUDITOR State Fiscal Year Ended June 30, 2011

Counties Audited by CPA GOVERNMENTAL ACTIVITIES BUSINESS-TYPE ACTIVITIES Program General Total Ending Net Program General Total Ending Net Year County Name Revenue Revenue Revenue Expenses Assets Revenue Revenue Revenue Expenses Assets 2008 Harrison County $ 34,526,297 74,836,057 109,362,354 132,861,553 47,534,772 0 0 0 0 0 2008 Lee County 8,834,206 28,229,985 37,064,191 43,421,165 190,170,596 2,002,934 279,599 2,282,533 2,083,962 519,191 2008 Noxubee County 3,088,421 4,748,881 7,837,302 6,745,546 17,052,140 0 0 0 0 0 2008 Quitman County 1,346,034 4,342,410 5,688,444 5,077,960 3,807,457 0 0 0 0 0 2008 Tallahatchie County 2,653,678 6,812,485 9,466,163 8,506,367 10,099,527 346,710 143,219 489,929 487,728 186,315 2008 Tippah County 2,265,722 5,883,338 8,149,060 9,300,034 18,045,846 0 0 0 0 0 2008 Tishomingo County 4,920,821 6,980,763 11,901,584 10,866,964 66,035,155 0 0 0 0 0 2008 Wilkinson County 2,176,367 4,432,961 6,609,328 7,344,908 11,792,661 305,246 0 305,246 357,452 (37,129) 2009 Adams County 6,385,381 12,420,262 18,805,643 18,059,077 33,544,746 0 0 0 0 0 2009 Alcorn County 4,888,866 8,579,449 13,468,315 13,471,671 47,459,796 0 0 0 0 0 2009 Benton County 1,953,345 3,480,663 5,434,008 4,541,588 11,993,274 0 0 0 0 0 2009 Bolivar County 5,666,497 14,798,746 20,465,243 16,771,798 62,825,427 6,284,444 55,979 6,340,423 6,006,801 625,086 2009 Calhoun County 1,608,037 6,674,531 8,282,568 8,788,826 12,322,417 793,361 13,524 806,885 695,986 176,550 2009 Carroll County 2,957,285 4,561,595 7,518,880 6,825,291 12,088,561 3,227,193 154,247 3,381,440 3,073,380 2,598,209 2009 Claiborne County 2,788,710 8,865,665 11,654,375 11,610,817 1,476,021 0 0 0 0 0 2009 Coahoma County 4,460,777 10,263,064 14,723,841 14,486,730 111,509,829 1,124,139 64,471 1,188,610 522,768 5,948,201 2009 DeSoto County 9,714,923 58,614,490 68,329,413 60,641,763 120,514,468 0 0 0 0 0 2009 George County 5,835,117 8,233,871 14,068,988 15,648,292 55,375,693 3,338,063 74,998 3,413,061 3,339,248 2,208,748 2009 Greene County 1,752,213 6,234,906 7,987,119 7,482,505 9,466,176 549,841 (6,126) 543,715 628,939 (8,422) 2009 Grenada County 3,619,158 10,555,528 14,174,686 12,073,213 38,308,695 0 0 0 0 0 2009 Humphreys County 1,714,404 6,241,305 7,955,709 7,418,419 22,913,675 0 0 0 0 0 2009 Jasper County 3,247,844 9,817,402 13,065,246 12,495,698 6,156,196 441,599 839 442,438 438,288 244,960 2009 Jefferson County 1,864,370 4,009,672 5,874,042 6,586,873 6,808,631 2,943,247 0 2,943,247 2,707,628 1,808,435 2009 Kemper County 2,051,652 4,137,672 6,189,324 6,385,055 7,845,151 3,483,678 131,592 3,615,270 3,627,708 3,731,394 2009 Lafayette County 4,157,242 18,037,184 22,194,426 17,433,932 65,703,613 1,900,120 10,584 1,910,704 1,336,755 1,682,519 2009 Lauderdale County 10,708,115 27,834,697 38,542,812 31,604,777 64,559,726 5,117,265 88,264 5,205,529 5,188,204 2,322,550

OFFICE OF THE STATE AUDITOR Financial and Compliance Audit Reports Released State Fiscal Year Ended June 30, 2011

Counties Audited by CPA GOVERNMENTAL ACTIVITIES BUSINESS-TYPE ACTIVITIES Program General Total Ending Net Program General Total Ending Net Year County Name Revenue Revenue Revenue Expenses Assets Revenue Revenue Revenue Expenses Assets 2009 Leake County $ 3,136,758 6,519,472 9,656,230 8,860,937 10,083,494 4,118,086 193,599 4,311,685 4,034,447 5,300,244 2009 Lowndes County 13,439,837 25,300,006 38,739,843 29,942,429 73,020,063 0 0 0 0 0 2009 Madison County 9,394,198 39,898,058 49,292,256 49,658,692 24,668,970 0 0 0 0 0 2009 Monroe County 4,740,996 13,989,399 18,730,395 16,447,381 54,413,234 1,682,530 147,105 1,829,635 2,301,784 482,787 2009 Montgomery County 3,466,988 4,052,514 7,519,502 6,708,998 10,716,325 0 0 0 0 0 2009 Panola County 5,327,872 12,833,291 18,161,163 15,674,518 51,291,311 1,401,615 22,134 1,423,749 1,474,032 (174,461) 2009 Pearl River County 12,879,931 17,564,895 30,444,826 27,133,610 51,032,910 0 0 0 0 0 2009 Pontotoc County 4,111,318 9,838,204 13,949,522 14,902,544 70,981,552 1,064,151 3,577 1,067,728 1,016,175 213,062 2009 Rankin County 17,559,701 43,246,287 60,805,988 61,753,401 159,641,681 0 0 0 0 0 2009 Sunflower County 4,203,764 8,294,359 12,498,123 11,016,597 30,219,292 0 0 0 0 0 2009 Tate County 2,040,852 10,346,195 12,387,047 11,467,927 32,792,448 944,295 20,722 965,017 1,184,008 621,826 2009 Tishomingo County 3,814,089 7,803,585 11,617,674 11,667,842 65,965,061 0 0 0 0 0 2009 Tunica County 4,411,939 36,069,101 40,481,040 40,773,092 153,914,574 0 0 0 0 0 2009 Warren County 7,562,213 23,797,479 31,359,692 31,261,052 75,462,584 718,668 303,188 1,021,856 892,378 7,896,749 2009 Washington County 3,387,450 23,237,370 26,624,820 26,264,692 50,109,476 0 0 0 0 0 2009 Wayne County 2,383,868 9,072,731 11,456,599 13,714,638 69,772,881 0 0 0 0 0 2010 DeSoto County 12,518,006 52,927,439 65,445,445 60,256,015 129,603,898 7,113,092 5,803,179 12,916,271 15,612,670 4,918,725 2010 Forrest County 10,329,303 26,456,119 36,785,422 38,112,048 85,704,521 0 0 0 0 0 2010 Hinds County 23,612,711 66,060,223 89,672,934 80,890,366 77,886,471 0 0 0 0 0 2010 Kemper County 2,761,664 4,738,243 7,499,907 6,407,437 9,167,998 4,120,619 206,748 4,327,367 5,217,580 3,324,522 2010 Lauderdale County 11,233,645 26,185,620 37,419,265 33,545,427 66,455,741 5,561,873 138,890 5,700,763 5,717,489 2,305,824 2010 Sunflower County 4,917,250 9,798,917 14,716,167 11,610,491 33,324,968 0 0 0 0 0

Totals for CPA $ 302,419,835 837,657,089 1,140,076,924 1,104,520,956 2,441,639,702 58,582,769 7,850,332 66,433,101 67,945,410 46,895,885

37 OFFICE OF THE STATE AUDITOR Financial and Compliance Audit Reports Released State Fiscal Year Ended June 30, 2011

Counties Audited by OSA GOVERNMENTAL ACTIVITIES BUSINESS-TYPE ACTIVITIES Program General Total Ending Net Program General Total Ending Net Year County Name Revenue Revenue Revenue Expenses Assets Revenue Revenue Revenue Expenses Assets 2008 Attala County $ 2,765,282 6,723,911 9,489,193 8,762,822 22,663,349 0 0 0 0 0 2008 Chickasaw County 2,956,021 4,810,889 7,766,910 7,558,720 7,042,487 0 0 0 0 0 2009 Chickasaw County 3,587,456 5,230,948 8,818,404 8,400,422 7,446,410 0 645 645 24,973 (24,328) 2009 Choctaw County 2,279,095 4,756,146 7,035,241 5,457,672 36,995,267 0 0 0 0 0 2009 Clarke County 2,088,240 6,911,362 8,999,602 9,334,462 29,155,981 0 0 0 0 0 2009 Copiah County 5,737,112 9,165,341 14,902,453 13,669,014 47,626,753 0 0 0 0 0 2009 Covington County 2,564,711 8,064,576 10,629,287 9,739,374 60,393,339 0 0 0 0 0 2009 Forrest County 7,282,303 26,207,070 33,489,373 38,791,112 87,152,321 0 0 0 0 0 2009 Hancock County 33,625,419 23,737,767 57,363,186 54,768,833 19,828,259 0 0 0 0 0 2009 Jackson County 26,410,676 81,720,080 108,130,756 97,492,330 53,093,717 828,605 57,969 886,574 855,703 150,236 2009 Jones County 8,244,175 20,913,820 29,157,995 31,203,160 57,101,783 1,796,844 55,644 1,852,488 1,921,095 3,042 2009 Lawrence County 3,435,343 6,468,447 9,903,790 11,308,163 45,685,805 0 0 0 0 0 2009 Leflore County 16,226,732 14,173,481 30,400,213 31,410,521 50,771,736 0 0 0 0 0 2009 Marion County 3,877,488 9,487,036 13,364,524 13,339,863 26,522,823 5,618,050 470,624 6,088,674 5,817,704 3,016,648 2009 Marshall County 6,929,491 14,584,434 21,513,925 19,135,548 63,322,907 0 0 0 0 0 2009 Neshoba County 6,862,883 9,322,472 16,185,355 9,890,362 17,156,844 365,394 456 365,850 377,187 (435,819) 2009 Newton County 2,097,206 6,172,016 8,269,222 6,803,878 5,674,043 703,255 35,192 738,447 679,858 1,006,916 2009 Perry County 4,762,579 6,825,683 11,588,262 10,303,389 28,709,481 0 0 0 0 0 2009 Pike County 11,711,471 13,470,390 25,181,861 22,625,557 53,347,123 0 0 0 0 0 2009 Scott County 6,339,696 9,443,947 15,783,643 12,841,756 18,745,162 0 0 0 0 0 2009 Sharkey County 1,160,057 2,951,598 4,111,655 3,979,878 8,266,716 0 0 0 0 0 2009 Smith County 1,592,186 7,475,849 9,068,035 8,775,284 34,592,509 804,701 8,728 813,429 413,028 396,686 2009 Walthall County 1,581,084 5,427,664 7,008,748 6,608,406 11,685,543 665,420 25,527 690,947 588,910 185,599 2009 Yalobusha County 2,974,586 6,455,189 9,429,775 7,790,386 19,028,458 0 0 0 0 0

38 OFFICE OF THE STATE AUDITOR Financial and Compliance Audit Reports Released State Fiscal Year Ended June 30, 2011

TOTALS FOR OSA $ 178,010,522 338,751,169 516,761,691 485,616,671 960,079,596 11,575,549 674,007 12,249,556 11,526,450 5,213,005

COMBINED TOTALS $ 480,430,357 1,176,408,258 1,656,838,615 1,590,137,627 3,401,719,298 70,158,318 8,524,339 78,682,657 79,471,860 52,108,890

39 SCHOOL DISTRICT AUDITS RELEASED BY THE OFFICE OF THE STATE AUDITOR State Fiscal Year Ended June 30, 2011

School Districts Audited by CPA Firms GOVERNMENTAL ACTIVITIES Program General Total Ending Net Year School District Name Revenue Revenue Revenue Expenses Assets 2008 Greene County School District $ 4,125,638 12,883,446 17,009,084 16,835,252 9,362,260 2008 Jackson Public School District 51,544,540 218,887,311 270,431,851 275,660,818 27,219,834 2008 Starkville School District 13,005,076 30,194,616 43,199,692 41,832,467 13,261,686 2009 Alcorn County School District 4,910,121 26,608,488 31,518,609 29,100,929 12,787,959 2009 Amite County School District 3,221,140 9,821,218 13,042,358 11,809,056 16,073,783 2009 Baldwyn Public School District 1,291,409 6,841,403 8,132,812 8,235,342 3,911,860 2009 Biloxi Public School District 28,356,997 28,311,368 56,668,365 61,469,020 71,103,864 2009 Booneville School District 2,250,266 8,144,332 10,394,598 10,506,056 9,924,138 2009 Canton Public School District 7,678,957 21,246,732 28,925,689 28,284,115 21,741,855 2009 Chickasaw County School District 1,237,595 3,689,171 4,926,766 4,712,640 2,698,446 2009 Claiborne County School District 3,366,502 13,010,904 16,377,406 16,385,569 8,746,991 2009 Cleveland School District 9,208,931 21,981,583 31,190,514 31,338,153 4,154,686 2009 Copiah County School District 4,970,736 17,751,171 22,721,907 21,827,835 11,164,851 2009 Corinth School District 4,259,686 14,321,114 18,580,800 17,374,277 20,725,175 2009 East Jasper School District 1,985,086 8,551,267 10,536,353 10,546,584 7,017,620 2009 East Tallahatchie School District 3,196,318 8,506,753 11,703,071 12,027,052 6,501,525 2009 Forest Municipal School District 2,500,929 10,212,834 12,713,763 12,548,049 6,355,549 2009 Franklin County School District 2,552,868 12,388,300 14,941,168 14,799,637 8,761,922 2009 Greene County School District 3,598,559 13,077,348 16,675,907 16,560,709 9,076,248 2009 Greenville Public Schools 14,561,254 41,962,331 56,523,585 56,191,059 613,449 2009 Greenwood Public School District 7,725,107 17,443,295 25,168,402 25,298,191 13,806,484 2009 Gulfport School District 13,078,778 47,168,416 60,247,194 59,611,006 24,221,923 2009 Hancock County School District 7,817,736 31,857,174 39,674,910 38,298,753 61,242,870 2009 Hazlehurst City School District 2,920,126 9,687,846 12,607,972 11,937,529 2,857,567 2009 Hinds County School District 8,099,601 50,759,325 58,858,926 55,747,906 29,731,341 2009 Holly Springs School District 3,260,535 12,143,842 15,404,377 15,201,370 8,020,522 2009 Holmes County School District 8,912,802 21,063,095 29,975,897 33,271,152 12,137,275

SCHOOL DISTRICT AUDITS RELEASED BY THE OFFICE OF THE STATE AUDITOR STATE FISCAL YEAR ENDED JUNE 30, 2011

School Districts Audited by CPA Firms GOVERNMENTAL ACTIVITIES Program General Total Ending Net Year School District Name Revenue Revenue Revenue Expenses Assets 2009 Houston School District $ 3,397,945 12,361,733 15,759,678 15,205,933 7,619,070 2009 Itawamba County School District 5,217,238 22,971,198 28,188,436 28,850,871 18,213,589 2009 Jackson County School District 22,905,698 60,256,137 83,161,835 69,788,793 74,862,526 2009 Kemper County School District 3,214,919 7,948,225 11,163,144 11,083,944 4,245,386 2009 Lafayette County School District 4,217,714 19,102,120 23,319,834 22,715,395 9,621,814 2009 Lauderdale County School District 8,544,607 43,157,140 51,701,747 49,755,395 33,483,219 2009 Laurel School District 7,451,169 25,074,120 32,525,289 36,367,897 16,861,838 2009 Leake County School District 5,699,585 19,415,414 25,114,999 26,555,733 13,568,822 2009 Louisville Municipal School District 5,795,893 18,772,800 24,568,693 23,826,854 14,424,887 2009 Lumberton Public School District 1,627,977 6,124,340 7,752,317 7,278,430 10,596,326 2009 Marion County School District 5,426,982 18,987,584 24,414,566 24,846,778 16,987,051 2009 Monroe County School District 4,279,193 15,554,968 19,834,161 19,652,745 10,498,542 2009 Neshoba County School District 4,527,698 17,247,624 21,775,322 21,806,212 16,664,269 2009 Nettleton School District 2,066,932 8,676,016 10,742,948 10,681,841 5,583,697 2009 North Pike Consolidated School District 2,818,366 14,032,048 16,850,414 15,038,420 17,126,611 2009 Noxubee County School District 5,376,662 14,328,555 19,705,217 18,641,828 13,844,089 2009 Oxford School District 4,382,552 30,633,767 35,016,319 32,646,503 25,248,844 2009 Pascagoula Municipal Separate School District 13,392,446 64,175,225 77,567,671 79,238,809 74,346,278 2009 Pearl Public School District 5,751,337 27,139,492 32,890,829 31,641,833 23,187,430 2009 Petal School District 6,385,621 28,125,497 34,511,118 34,026,074 33,523,704 2009 Philadelphia Public School District 2,273,363 7,873,564 10,146,927 10,066,112 5,211,657 2009 Picayune School District 7,700,335 25,281,338 32,981,673 33,397,723 15,465,802 2009 Pontotoc City School District 3,699,897 14,781,896 18,481,793 17,506,913 18,350,208 2009 Pontotoc County School District 5,172,193 20,489,897 25,662,090 25,746,682 8,943,914 2009 Poplarville Special Municipal Separate School District 4,171,836 15,793,136 19,964,972 18,936,020 22,405,140 2009 Prentiss County School District 4,680,502 15,492,218 20,172,720 19,624,982 7,335,918 2009 Quitman County School District 4,017,990 9,237,193 13,255,183 13,522,532 1,086,963 2009 Simpson County School District 7,631,424 28,498,185 36,129,609 32,322,135 31,277,112

41 SCHOOL DISTRICT AUDITS RELEASED BY THE OFFICE OF THE STATE AUDITOR STATE FISCAL YEAR ENDED JUNE 30, 2011

School Districts Audited by CPA Firms GOVERNMENTAL ACTIVITIES Program General Total Ending Net Year School District Name Revenue Revenue Revenue Expenses Assets 2009 Smith County School District $ 4,850,412 19,013,731 23,864,143 23,326,166 28,785,606 2009 South Pike School District 5,377,324 15,414,964 20,792,288 19,252,632 13,105,990 2009 Tate County School District 4,274,990 20,323,764 24,598,754 23,703,975 3,397,777 2009 Tishomingo County Special Municipal Separate School District 4,674,593 22,121,579 26,796,172 26,089,219 30,804,403 2009 Union County School District 4,082,526 16,150,189 20,232,715 19,719,308 10,152,253 2009 Walthall County School District 4,903,602 16,594,463 21,498,065 20,032,226 17,460,158 2009 Water Valley School District 2,017,656 7,820,278 9,837,934 9,763,780 1,260,149 2009 Webster County School District 3,374,624 11,078,231 14,452,855 14,665,526 8,329,220 2009 Yazoo City Municipal School District 6,792,144 15,353,579 22,145,723 22,329,483 339,659 2010 Aberdeen School District 4,229,749 10,916,153 15,145,902 15,986,113 2,832,273 2010 Amite County School District 3,772,494 11,495,740 15,268,234 12,674,575 18,681,952 2010 Attala County School District 3,178,757 8,674,073 11,852,830 11,655,574 12,647,499 2010 Benoit School District 1,468,999 2,410,986 3,879,985 3,577,402 1,315,306 2010 Benton County School District 2,892,327 8,362,943 11,255,270 10,976,424 5,936,677 2010 Biloxi Public School District 28,803,804 28,919,730 57,723,534 60,770,561 67,717,645 2010 Booneville School District 2,806,090 7,433,508 10,239,598 10,542,090 9,609,479 2010 Calhoun County School District 5,425,817 15,271,895 20,697,712 20,507,987 9,449,567 2010 Choctaw County School District 4,038,205 12,240,110 16,278,315 16,701,582 9,930,335 2010 Clarksdale Municipal School District 9,509,150 21,250,106 30,759,256 30,432,951 11,622,206 2010 Clay County School District 894,761 1,880,412 2,775,173 2,517,816 3,575,604 2010 Clinton Public School District 5,829,512 32,355,833 38,185,345 37,159,194 26,867,712 2010 Coahoma County School District 5,738,447 12,195,806 17,934,253 17,010,014 5,832,010 2010 Columbus Municipal School District 12,552,002 33,810,600 46,362,602 44,758,348 22,906,237 2010 Corinth School District 3,826,587 14,243,327 18,069,914 16,838,773 21,956,095 2010 DeSoto County School District 35,234,805 211,781,088 247,015,893 225,442,999 227,418,594 2010 Drew School District 1,718,738 3,845,353 5,564,091 5,677,534 251,627 2010 Durant Public School District 1,519,954 3,116,691 4,636,645 4,953,408 427,962

42 SCHOOL DISTRICT AUDITS RELEASED BY THE OFFICE OF THE STATE AUDITOR STATE FISCAL YEAR ENDED JUNE 30, 2011

School Districts Audited by CPA Firms GOVERNMENTAL ACTIVITIES Program General Total Ending Net Year School District Name Revenue Revenue Revenue Expenses Assets 2010 East Jasper School District $ 2,377,482 8,780,906 11,158,388 10,779,634 7,443,723 2010 East Tallahatchie School District 3,372,292 8,179,900 11,552,192 12,189,968 5,863,749 2010 Enterprise School District 1,412,851 6,367,842 7,780,693 7,555,909 6,272,139 2010 Forest Municipal School District 2,602,519 10,358,198 12,960,717 13,062,930 6,205,221 2010 Forrest County AHS 1,287,195 3,840,515 5,127,710 5,134,139 4,264,211 2010 Forrest County School District 5,004,206 18,994,422 23,998,628 23,016,336 20,551,083 2010 George County School District 6,362,171 24,459,942 30,822,113 29,225,338 22,585,782 2010 Greenville Public Schools 14,204,577 41,388,410 55,592,987 51,255,420 5,056,701 2010 Greenwood Public School District 8,377,964 17,460,680 25,838,644 25,567,418 14,077,710 2010 Grenada School District 8,290,320 28,336,407 36,626,727 33,415,048 38,233,640 2010 Gulfport School District 11,148,781 45,786,547 56,935,328 58,923,018 21,459,735 2010 Harrison County School District 24,857,442 83,236,331 108,093,773 107,627,017 109,380,200 2010 Hattiesburg Public School District 11,805,333 37,656,183 49,461,516 50,263,105 18,109,151 2010 Hazlehurst City School District 3,941,909 9,530,383 13,472,292 12,703,845 3,662,442 2010 Hollandale School District 4,597,930 5,646,865 10,244,795 10,060,774 3,758,470 2010 Holmes County School District 10,392,657 21,190,990 31,583,647 30,774,318 12,946,604 2010 Humphreys County School District 6,204,542 11,092,542 17,297,084 15,898,369 20,726,408 2010 Indianola School District 5,737,707 13,921,480 19,659,187 18,482,874 7,536,860 2010 Jefferson County School District 3,426,113 9,924,952 13,351,065 12,866,139 4,949,121 2010 Jefferson Davis County School District 4,456,455 16,542,882 20,999,337 15,856,597 35,896,767 2010 Kosciusko School District 4,743,979 13,797,626 18,541,605 16,599,087 19,976,198 2010 Laurel School District 8,836,434 24,216,371 33,052,805 31,784,247 17,683,456 2010 Lawrence County School District 5,422,394 14,327,820 19,750,214 19,600,835 10,461,617 2010 Lee County School District 13,661,285 45,417,151 59,078,436 56,160,724 41,059,998 2010 Leflore County School District 9,750,283 16,072,069 25,822,352 25,797,387 11,852,836 2010 Long Beach School District 10,538,415 19,035,320 29,573,735 30,828,600 29,558,534 2010 Louisville Municipal School District 7,252,491 17,235,354 24,487,845 24,048,809 14,863,923

43 SCHOOL DISTRICT AUDITS RELEASED BY THE OFFICE OF THE STATE AUDITOR STATE FISCAL YEAR ENDED JUNE 30, 2011

School Districts Audited by CPA Firms GOVERNMENTAL ACTIVITIES Program General Total Ending Net Year School District Name Revenue Revenue Revenue Expenses Assets 2010 Lowndes County School District $ 7,315,961 41,718,514 49,034,475 48,259,187 47,902,919 2010 Lumberton Public School District 1,790,479 5,506,616 7,297,095 7,014,755 10,892,793 2010 Madison County School District 13,704,297 102,718,930 116,423,227 97,804,703 150,119,039 2010 Marshall County School District 6,022,648 19,442,591 25,465,239 24,236,976 19,781,882 2010 McComb Separate School District 7,983,109 21,266,389 29,249,498 27,450,716 14,726,950 2010 Meridian Public School District 15,625,244 46,329,888 61,955,132 62,617,739 16,348,395 2010 Montgomery County School District 1,770,714 3,467,953 5,238,667 5,375,313 594,251 2010 Moss Point School District 6,318,194 23,794,546 30,112,740 33,040,634 21,153,263 2010 Mound Bayou Public Schools 2,193,142 3,953,316 6,146,458 6,130,229 3,302,860 2010 Natchez-Adams School District 11,773,850 27,770,744 39,544,594 40,618,879 32,505,797 2010 New Albany Public School District 5,002,513 14,124,023 19,126,536 18,764,286 10,948,819 2010 Newton County School District 4,832,211 10,909,368 15,741,579 15,331,638 17,376,159 2010 Newton Municipal School District 2,759,211 7,760,785 10,519,996 10,218,744 6,770,583 2010 North Bolivar School District 2,552,098 4,951,876 7,503,974 7,825,592 764,283 2010 North Panola School District 5,802,742 10,033,244 15,835,986 16,054,632 7,311,853 2010 North Pike Consolidated School District 3,106,607 14,209,398 17,316,005 15,856,966 18,585,650 2010 North Tippah Consolidated School District 2,770,328 7,647,069 10,417,397 10,218,099 6,022,834 2010 Noxubee County School District 5,892,205 13,513,402 19,405,607 18,993,862 14,207,834 2010 Ocean Springs School District 7,151,254 40,294,903 47,446,157 45,579,234 58,837,584 2010 Okolona Municipal Separate School District 2,339,852 4,721,305 7,061,157 7,386,305 761,800 2010 Oxford School District 4,965,757 31,289,447 36,255,204 33,588,351 27,930,509 2010 Pascagoula Municipal Separate School District 14,696,779 66,735,071 81,431,850 81,571,564 76,559,068 2010 Pass Christian Public School District 4,288,490 17,495,750 21,784,240 22,290,576 68,764,513 2010 Perry County School District 2,880,388 9,261,311 12,141,699 13,168,769 3,131,543 2010 Picayune School District 8,291,953 24,549,376 32,841,329 33,821,536 14,432,950 2010 Pontotoc County School District 5,083,517 20,365,442 25,448,959 26,252,019 8,140,854 2010 Poplarville Special Municipal Separate School District 4,105,655 15,148,343 19,253,998 18,553,643 23,076,619

44 SCHOOL DISTRICT AUDITS RELEASED BY THE OFFICE OF THE STATE AUDITOR STATE FISCAL YEAR ENDED JUNE 30, 2011

School Districts Audited by CPA Firms GOVERNMENTAL ACTIVITIES Program General Total Ending Net Year School District Name Revenue Revenue Revenue Expenses Assets 2010 Quitman Consolidated School District $ 6,324,715 13,625,672 19,950,387 19,482,240 14,309,611 2010 Quitman County School District 4,312,109 8,965,973 13,278,082 13,042,058 1,426,329 2010 Rankin County School District 24,977,932 131,243,527 156,221,459 152,032,994 112,393,221 2010 Richton School District 1,302,843 4,514,892 5,817,735 5,526,441 3,416,037 2010 Senatobia Municipal School District 3,012,440 12,036,023 15,048,463 14,743,749 11,187,177 2010 Smith County School District 5,255,474 19,057,284 24,312,758 23,272,801 29,825,674 2010 South Delta School District 4,496,718 7,345,299 11,842,017 11,432,866 8,194,080 2010 South Tippah School District 5,273,674 16,339,421 21,613,095 21,550,200 18,321,990 2010 Tunica County School District 4,906,045 20,933,761 25,839,806 24,629,179 28,182,043 2010 Vicksburg-Warren School District 13,639,019 63,642,359 77,281,378 74,059,719 46,685,997 2010 Water Valley School District 2,513,277 7,827,358 10,340,635 9,600,246 2,000,538 2010 Webster County School District 3,363,956 11,040,303 14,404,259 14,402,681 8,330,798 2010 West Bolivar School District 2,983,084 5,824,043 8,807,127 8,905,622 994,346 2010 West Point School District 8,715,238 20,872,686 29,587,924 30,111,447 21,415,827 2010 Western Line School District 4,098,871 13,890,082 17,988,953 16,757,792 15,308,739 2010 Wilkinson County School District 4,097,463 9,301,890 13,399,353 13,086,197 10,073,041 2010 Winona Public School District 3,594,041 7,193,153 10,787,194 11,047,390 4,241,356 2010 Yazoo City Municipal School District 7,076,210 15,528,888 22,605,098 22,478,425 436,835 2010 Yazoo County School District 4,407,047 13,810,242 18,217,289 17,426,052 12,903,615

Totals by CPA Firm $ 1,030,688,517 3,498,891,789 4,529,580,306 4,416,340,504 3,091,455,521

45 SCHOOL DISTRICT AUDITS RELEASED BY THE OFFICE OF THE STATE AUDITOR STATE FISCAL YEAR ENDED JUNE 30, 2011

School Districts Audited by OSA GOVERNMENTAL ACTIVITIES Program General Total Ending Net Year School District Name Revenue Revenue Revenue Expenses Assets 2008 Canton Public School District $ 8,005,865 20,149,909 28,155,774 28,051,043 21,093,692 2008 Columbia School District 3,300,789 14,017,502 17,318,291 16,259,487 14,236,968 2008 East Tallahatchie School District 3,163,763 9,307,617 12,471,380 11,889,924 6,877,071 2008 Lamar County School District 11,504,466 64,010,246 75,514,712 73,481,769 42,895,240 2008 Neshoba County School District 4,385,652 18,391,475 22,777,127 20,878,877 16,695,159 2008 Pearl Public School District 5,502,729 27,473,868 32,976,597 31,120,088 21,972,336 2008 Scott County School District 5,561,061 22,339,704 27,900,765 27,219,381 21,588,084 2008 Stone County School District 4,154,049 18,226,023 22,380,072 22,085,119 12,480,546 2009 Attala County School District 2,559,432 9,063,950 11,623,382 11,318,377 12,450,243 2009 Brookhaven School District 5,450,049 23,437,240 28,887,289 28,128,386 18,741,569 2009 Choctaw County School District 3,874,069 12,614,964 16,489,033 18,305,115 10,353,602 2009 Clarksdale Municipal School District 7,645,979 21,986,022 29,632,001 28,731,162 11,303,491 2009 Clinton Public School District 5,309,610 32,192,153 37,501,763 38,017,185 25,841,561 2009 Enterprise School District 1,220,259 6,227,630 7,447,889 7,509,078 6,047,355 2009 Grenada School District 7,739,179 29,062,700 36,801,879 34,411,536 35,023,131 2009 Humphreys County School District 5,198,381 11,420,720 16,619,101 14,977,144 19,327,693 2009 Lincoln County School District 3,796,942 20,602,492 24,399,434 20,341,989 33,198,448 2009 Madison County School District 11,361,737 99,345,205 110,706,942 92,854,959 131,471,845 2009 McComb Separate School District 6,561,046 21,569,211 28,130,257 26,702,910 12,928,168 2009 North Bolivar School District 1,806,534 5,345,604 7,152,138 7,131,169 1,135,234 2009 Pass Christian Public School District 5,897,926 12,471,888 18,369,814 19,301,634 69,128,334 2009 Pearl River County School District 4,077,513 20,012,360 24,089,873 25,004,702 16,786,575 2009 Perry County School District 2,908,424 9,871,367 12,779,791 12,907,411 4,158,613 2009 South Delta School District 3,387,586 7,936,997 11,324,583 10,891,275 7,784,929 2009 Sunflower County School District 4,286,663 11,290,193 15,576,856 15,305,011 4,969,725 2009 Union Public School District 1,536,659 5,648,955 7,185,614 7,041,030 5,680,887 TOTALS FOR OSA $ 130,196,362 554,015,995 684,212,357 649,865,761 584,170,499

COMBINED TOTALS $ 1,160,884,879 4,052,907,784 5,213,792,663 5,066,206,265 3,675,626,020

46 COUNTY AUDITS RELEASED BY THE OFFICE OF THE STATE AUDITOR STATE FISCAL YEAR ENDED JUNE 30, 2011

COLLEGE & UNIVERSITY AUDITS ISSUED by CPA BUSINESS-TYPE ACTIVITIES Other Rev. Operating Nonoperating Operating Nonoperating & Ending Net State Tuitions & Year Institution Name Revenue Revenue Expenses Expenses Exp. (Net) Assets Appropriations Fees (Net) 2008 Copiah-Lincoln Community College $ 21,598,210 15,630,476 33,876,526 319,848 0 29,520,366 11,418,859 3,796,868 2009 Coahoma Community College & AHS 19,912,188 11,413,729 30,339,981 71,937 34,609 37,209,285 8,906,055 (114,085) 2009 Copiah-Lincoln Community College 23,371,798 14,434,917 35,959,770 308,856 0 31,058,455 9,805,110 4,020,942 2009 East Central Community College 14,173,785 12,623,486 26,234,020 350,789 333,670 18,806,505 10,583,316 2,047,869 2009 Hinds Community College 40,058,139 65,999,034 110,339,846 1,056,910 11,277,566 127,438,998 11,068,216 10,985,303 2009 Itawamba Community College 48,913,731 26,226,237 73,947,442 794,074 5,782,698 65,397,777 21,458,122 12,832,306 2009 Northeast MS Community College 23,656,140 13,623,870 38,635,336 130,149 2,156,077 40,145,870 12,452,906 4,100,300 2009 Pearl River Community College 26,487,444 27,658,479 47,554,082 748,403 426,685 72,099,444 13,516,874 2,701,374 2009 Southwest MS Community College 10,845,722 10,085,273 20,896,188 68,292 407,042 38,414,121 8,052,917 1,429,539 2010 East MS Community College 38,574,902 15,287,399 49,123,877 65,588 219,729 46,574,285 12,242,958 8,084,807 2010 East Central Community College 17,963,007 12,806,855 29,315,925 326,888 724,040 20,657,594 11,029,178 2,564,087 2010 Hinds Community College 35,998,519 79,596,059 120,631,506 2,223,825 14,308,085 134,486,330 40,923,414 3,604,236 2010 Holmes Community College 29,695,340 19,103,334 50,438,356 445,084 5,393,407 36,033,424 18,340,492 3,121,960 2010 Itawamba Community College 67,156,981 26,270,522 90,678,501 689,212 11,699,393 79,156,960 26,922,544 14,761,946 2010 Jones County Junior College 30,570,344 17,398,802 49,411,891 25,032 8,951,575 68,664,550 21,734,571 5,610,569 2010 Meridian Community College 23,022,964 13,950,850 34,993,487 0 1,192,284 34,352,523 12,027,727 3,233,431 2010 MS Delta Community College 19,886,652 15,336,280 33,367,140 0 0 42,131,028 10,638,232 564,692 2010 MS Gulf Coast Community College 54,579,715 32,414,582 86,300,223 2,172,299 10,278,180 122,026,689 25,087,909 10,787,112 2010 Northeast MS Community College 28,920,133 12,335,717 42,009,850 120,432 2,759,834 42,043,589 11,844,029 4,563,908 2010 Northwest MS Community College 42,997,635 24,436,237 66,864,562 208,195 5,178,412 91,268,192 19,531,163 6,576,264

Totals for CPA Firms $ 618,383,349 466,632,138 1,070,918,509 10,125,813 81,123,286 1,177,485,985 317,584,592 105,273,428

There were no colleges audited by OSA for the Fiscal Year Ending 2011

47 COUNTY AUDITS RELEASED BY THE OFFICE OF THE STATE AUDITOR STATE FISCAL YEAR ENDED JUNE 30, 2011

UNIVERSITY SYSTEM AUDIT RELEASED BY THE OFFICE OF THE STATE AUDITOR University System Audited by CPA STATE FISCAL YEAR ENDED JUNE 30, 2011 Operating Nonoperating Operating Nonoperating Other Rev. Ending Net State Tuitions & Year Institution Name Revenue Revenue Expenses Expenses & Exp. (Net) Assets Appropriations Fees (Net)

State of Mississippi Institutions 2010 of Higher Learning $ 1,820,332,746 917,287,400 2,645,178,096 36,301,569 105,745,043 3,038,076,302 761,080,427 368,712,223

For more information about this issue, contact

The Office of the State Auditor Post Office Box 956 Jackson, MS 39205-0956 Phone: 601-576-2800 in the Jackson area or 1-800-321-1275 Statewide Fax: 601-576-2687 Website: http://www.osa.ms.gov

The Office of the State Auditor does not discriminate on the basis of race, religion, national origin, sex, age, or disability.