The financial statements compiled by the Phelps County Emergency Services Board (PCESB) are accurate, according to Molly Malone, of Verkamp & Malone CPA’s, of Rolla.
Malone presented the findings of her audit for fiscal year 2012 to PCESB members at their June 13 meeting.
Malone gave the audit a “clean opinion” and stated in the audit report that “In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, each major fund, and the aggregate remaining fund information of the PCESB, as of December 31, 2013, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.”
The board’s total assets as of Dec. 31, 2012, were $1,412,543 and total liabilities were $283,996, according to the audit document presented by Malone.
According to the board’s statement of activities, emergency services expenses totaled $1,034,253 last year and the total general revenue from last year was $1,245,662, for a net profit of $211,409.
Capital expenditures were $119,267, which was mostly for radio equipment and software repair, Malone noted.
Malone noted there were no unusual issues she found during the audit process. “There’s few (agencies) we can say that, too,” she said.
Board members Randy Barr, Buz Harvey, Larry Seest and Steve Zap all voted to approve the audit findings. Chairman Paul Rueff was present, but only votes in cases of ties. Board members William Bleckman and Ralph Hess were absent.