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^ OPERATING EXPENDITURES OF $5. ~ MILLION <br />^ $500 THOUSAND REDUCTION IN RESERVES <br />^ $801 THOUSAND ALLOCATED FOR 2004-2005 <br />^ $7.9 MILLION RESERVES AT YEAR END <br />^ NEW 3 R FEE WILL FORTIFY OVERALL FINANCIAL CONDITION <br />SPECIAL REVENUE FUNDS <br />^ Revenues & Transfers $ ~ 1.8 Million <br />^ Expenditures & Transfers $15.3 Million <br />^ Expenditures Fora <br />Human Services $5.8 million <br />Public Safety $2.8 million <br />Visitor Services $ .6 million <br />Education (Impact Fees) $5,8 million <br />Other Services $ , 3 million <br />SINGLE AUDIT AND GRANTS <br />^ GRANT FUNDS MANAGED $87 MILLION <br />^ DSS FUNDS $76 MILLION <br />$ 9 MILLION RECEIVED BY COUNTY <br />$ fi7 MILLION D/RECT VENDOR PAYMENTS <br />^ HOUSING AND CD FUNDS $5.7 million <br />^ NO GRANT RELATED FINDINGS OR QUESTIONED COSTS, <br />MUNIS IMPLEMENTATION <br />^ December 2002 BOCC Approved New Financial Software Package. <br />^ Dramatic Changes to Transaction Processing and Reporting Capability. <br />^ Successful Software Implementation on May ~, 2003 forAP, Purchasing, GL and Budget. <br />^ Successful Personnel and Payroll Implementation January 2004. <br />^ Final Phase to Include Employee Services Module <br />POSITIVE AUDIT RESULTS <br />^ Successful audit process <br />^ Continued Implementation of New GASB Requirements <br />^ Auditors Performed SAS 99 Review <br />^ Sound Financial policies and procedures <br />^ Adequate Internal Control Structure <br />^ "Unqualified Opinion" (GOOD) <br />FUTURE CONSIDERATIONS <br />^ Updating of Debt Issuance Plans <br />^ Addressing "unfunded" School and County Capital Items. <br />^ Review of Capital Funding Policy <br />