LINKS TO THE CITY OF EVANSVILLE 2016 INDIANA STATE BOARD OF ACCOUNTS AUDIT draft

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ATTACHED BELOW IS THE LINK TO THE CITY OF EVANSVILLE STATE BOARD OF ACCOUNTS AUDITS FOR 2016. 

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Links To The State Board Of Accounts Audit Report Filings
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Report No. Unit Name Unit Type County Begin Date End Date Audit Type Report Description Report Date
B49088 CITY OF EVANSVILLE City Vanderburgh 01-01-2016 12-31-2016 SUPPLEMENTAL SUPPLEMENTAL COMPLIANCE 12-05-2017
B49087 CITY OF EVANSVILLE City Vanderburgh 01-01-2016 12-31-2016 FEDERAL SINGLE AUDIT FINANCIAL AND COMPLIANCE 12-05-2017

FOOTNOTES QUESTIONS:  SPORTS NON-REVERTING WAS ($219,172) on January 1, 2016, and the end of the year it was ($339,788). THIS ACCOUNT HAVE TO DO WITH FUNDING THE SHORTFALL OF THE EVANSVILLE THUNDERBOLTS IN 2016?

 CASH BALANCES FUNDS THAT WERE OVERDRAW

The financial statement presented for audit included the following funds with overdrawn cash balances at December 31, 2016:

Parking Garages-$189,731

Rental Housing Inspection-4,836

Redevelopment-Victory-$226,082

Golf Course Non-Reverting -$704,404

Sports Non-Reverting-$339,788

Hospitalization Insurance-$4.978,172

The Following Funds Contained Cash Deficit Balances Throughout The Audit Period:

General-$15,745,625
Parks and Recreation-$1,971,663
Parking Meter-$45,924
Golf Course Non-Reverting-$706,547

Parking Garages-$187,731
Rental Housing Inspection-$10,236
Sports Non-Reverting-$336,788
Park District Bond Refunding 2010-$20,628

Redevelopment – Victory-$882,345

Hospitalization Insurance-$7,514,356
Berry Plastics 2011-$6,005

AUDITORS COMMENTS:  Similar comments also appeared in prior Reports B43517, B44197, B45887, and B47236, entitled OVERDRAWN CASH BALANCES.

The cash balance of any fund may not be reduced below zero. Routinely overdrawn funds could be an indicator of serious financial problems which should be investigated by the unit. (Accounting and Uniform Compliance Guidelines Manual for Cities and Towns, Chapter 1) for Months Ended in Deficit Balance During 2016

 The financial statement presented for audit included the following funds with overdrawn cash balances at December 31, 2016:

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