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Home My Public Portal AboutComprehensive Annual Financial Report Year Ended June 30, 2018 This page left intentionally blank. Comprehensive Annual Financial Report Year Ended June 30, 2018 Town of Hillsborough, North Carolina Tom Stevens Mayor Eric J. Peterson Town Manager Daphna Schwartz Finance Director Town of Hillsborough Finance Department Phillip Cordeiro, Assistant Finance Director Keri Carnes, Financial Analyst Sarah Kimrey, Accounting Technician Donna Duncan, Accounts Payable Clerk This page left intentionally blank. Town of Hillsborough, North Carolina Table of Contents Introductory Section Financial Section Basic Financial Statements Exhibit Required Supplementary Financial Data Exhibit Town of Hillsborough, North Carolina Supplementary Information: Combining and Individual Fund Financial Statements Section Schedule Other Schedules Town of Hillsborough, North Carolina Statistical Section Table Other Disclosures Compliance Section Government Auditing Standards Schedule This page left intentionally blank. Introductory Section This page left intentionally blank. Town of Hillsborough, North Carolina List of Principal Officials Board of Town Commissioners Town Officials Town of Hillsborough, North Carolina Town of Hillsborough, North Carolina The Reporting Entity and Its Services Town of Hillsborough, North Carolina Economic Conditions and Outlook Town of Hillsborough, North Carolina Long-Term Financial Planning and Major Initiatives Debt Administration Town of Hillsborough, North Carolina Financial Policies Other Information Acknowledgments This page left intentionally blank. Financial Section This page left intentionally blank. Independent Auditors’ Report Report on the Financial Statements Management’s Responsibility for the Financial Statements Auditors’ Responsibility Government Auditing Standards Government Auditing Standards Opinions Emphasis of Matter Accounting and Financial Reporting for Postemployment Benefits Other than Pensions Other Matters Required Supplementary Information Supplementary and Other Information Other Reporting Required by Government Auditing Standards Government Auditing Standards Government Auditing Standards High Point, North Carolina January 31, 2019 This page left intentionally blank. Town of Hillsborough, North Carolina Management’s Discussion and Analysis Management’s Discussion and Analysis Financial Highlights Overview of the Financial Statements Town of Hillsborough, North Carolina Management’s Discussion and Analysis Basic financial statements Government-wide financial statements Town of Hillsborough, North Carolina Management’s Discussion and Analysis Fund financial statements modified accrual accounting Enterprise Funds Town of Hillsborough, North Carolina Management’s Discussion and Analysis Government-wide financial analysis Town of Hillsborough, North Carolina Management’s Discussion and Analysis Town of Hillsborough, North Carolina Management’s Discussion and Analysis Financial analysis of the Town of Hillsborough’s funds Town of Hillsborough, North Carolina Management’s Discussion and Analysis Capital asset and debt administration Town of Hillsborough, North Carolina Management’s Discussion and Analysis Town of Hillsborough, North Carolina Management’s Discussion and Analysis Economic factors and next year’s budgets and rates Low unemployment. No increase in property tax rate. No general obligation debt in the General Fund. Budget highlights for the fiscal year ending June 30, 2019 Town of Hillsborough, North Carolina Management’s Discussion and Analysis Requests for information Basic Financial Statements Exhibit 1 Town of Hillsborough, North Carolina (2 pages) Statement of Net Position June 30, 2018 Exhibit 1 (2 pages) Exhibit 2 Town of Hillsborough, North Carolina (4 pages) Statement of Activities Year Ended June 30, 2018 Exhibit 2 (4 pages) Exhibit 2 Town of Hillsborough, North Carolina (4 pages) Statement of Activities Year Ended June 30, 2018 Exhibit 2 (4 pages) Exhibit 3 Town of Hillsborough, North Carolina (2 pages) Balance Sheet Governmental Funds June 30, 2018 Exhibit 3 Town of Hillsborough, North Carolina (2 pages) Balance Sheet Governmental Funds June 30, 2018 Exhibit 4 Town of Hillsborough, North Carolina (2 pages) Statement of Revenues and Expenditures and Changes in Fund Balance Governmental Funds Year Ended June 30, 2018 Exhibit 4 Town of Hillsborough, North Carolina (2 pages) Statement of Revenues and Expenditures and Changes in Fund Balance Governmental Funds Year Ended June 30, 2018 Town of Hillsborough, North Carolina Exhibit 5 Statement of Revenues and Expenditures and Changes in Fund Balance Budget and Actual General Fund Year Ended June 30, 2018 Town of Hillsborough, North CarolinaExhibit 6 Statement of Net Position Proprietary Funds June 30, 2018 Town of Hillsborough, North Carolina Exhibit 7 Statement of Revenues, Expenses and Changes in Net Position Proprietary Funds Year Ended June 30, 2018 Exhibit 8 Town of Hillsborough, North Carolina (2 pages) Statement of Cash Flows Proprietary Funds Year Ended June 30, 2018 Exhibit 8 Town of Hillsborough, North Carolina (2 pages) Statement of Cash Flows Proprietary Funds Year Ended June 30, 2018 Town of Hillsborough, North Carolina Exhibit 9 Statement of Fiduciary Net Position Fiduciary Fund Year Ended June 30, 2018 This page left intentionally blank. Town of Hillsborough, North Carolina Notes to Financial Statements Notes to Financial Statements 1.Summary of Significant Accounting Policies A. Reporting entity Hillsborough Tourism Development Authority (the “Authority”) Hillsborough Tourism Board (“the Board”) B. Basis of presentation governmentalbusiness-type Town of Hillsborough, North Carolina Notes to Financial Statements governmental proprietary General Fund. Town Barn Improvements Capital Project Fund. General Capital Projects Fund. Downtown Improvements Capital Project Fund. Riverwalk CMAQ Capital Project Fund. Rail Station Capital Project Fund. Public Works Building Capital Project Fund. Town of Hillsborough, North Carolina Notes to Financial Statements Water and Sewer Fund. Stormwater Fund. Special Assessment Debt Agency Fund. C. Measurement focus and basis of accounting Town of Hillsborough, North Carolina Notes to Financial Statements D. Budgetary data E. Assets, liabilities, deferred outflows/inflows of resources and fund equity (1) Deposits and investments Town of Hillsborough, North Carolina Notes to Financial Statements (2) Cash and cash equivalents (3) Restricted assets Town of Hillsborough, North Carolina Notes to Financial Statements (4) Ad valorem taxes receivable (5) Allowances for doubtful accounts (6) Prepaid items (7) Capital assets Town of Hillsborough, North Carolina Notes to Financial Statements (8) Deferred outflows/inflows of resources (9) Long-term obligations (10) Compensated absences (11) Net position/fund balances Town of Hillsborough, North Carolina Notes to Financial Statements Nonspendable fund balance Prepaid items Restricted fund balance Restricted for stabilization by state statute Restricted for streets Restricted for capital projects Committed fund balance Committed for capital projects Assigned fund balance Assigned for sidewalks - Assigned for affordable housing - Assigned for subsequent year’s expenditures - Assigned for other expenditures - Unassigned fund balance Town of Hillsborough, North Carolina Notes to Financial Statements (12) Pensions 2.Reconciliation of GAAP and Budgetary-Basis Expenditures (1) Reclassification of debt service payments. 3.Stewardship, Compliance and Accountability A. Deficit in Fund Balance or Net Position of Individual Funds Town of Hillsborough, North Carolina Notes to Financial Statements B. Excess of Expenditures over Appropriations 4.Detail Notes on All Funds A. Assets (1) Deposits and Investments Town of Hillsborough, North Carolina Notes to Financial Statements Investments Credit Risk (3) Due from other governments Town of Hillsborough, North Carolina Notes to Financial Statements (4) Receivables - allowance for doubtful accounts (5) Capital assets Town of Hillsborough, North Carolina Notes to Financial Statements Town of Hillsborough, North Carolina Notes to Financial Statements (6) Construction commitments B. Liabilities (1) Pension plans and postemployment obligations Plan description Benefits provided. Contributions. Town of Hillsborough, North Carolina Notes to Financial Statements Refunds of contributions. Actuarial assumptions. Town of Hillsborough, North Carolina Notes to Financial Statements Discount rate. Town of Hillsborough, North Carolina Notes to Financial Statements Sensitivity of the Town’s proportionate share of the net pension liability to changes in the discount rate. Pension plan fiduciary net position. Plan description.Separation Allowance (ii) Summary of significant accounting policies Basis of accounting. Town of Hillsborough, North Carolina Notes to Financial Statements (iii) Actuarial assumptions: (iv) Change in actuarial assumptions: (v) Contributions: (vi) Pension liabilities, pension expense, and deferred outflows of resources and deferred inflows of resources related to pensions: Town of Hillsborough, North Carolina Notes to Financial Statements (vii) Sensitivity of the Town’s total pension liability to changes in the discount rate: Town of Hillsborough, North Carolina Notes to Financial Statements Plan description. . Funding policy. . (2) Other postemployment benefit obligations Plan description. Town of Hillsborough, North Carolina Notes to Financial Statements Actuarial assumptions and other inputs. Town of Hillsborough, North Carolina Notes to Financial Statements Sensitivity of the total OPEB liability to changes in the discount rate. Sensitivity of the total OPEB liability to changes in the healthcare cost trend rates. Town of Hillsborough, North Carolina Notes to Financial Statements (3) Other employment benefit Town of Hillsborough, North Carolina Notes to Financial Statements (4) Accounts payable and accrued liabilities (5) Deferred outflows and inflows of resources Town of Hillsborough, North Carolina Notes to Financial Statements (6) Risk management (7) Claims and contingent liabilities (8) Long-term obligations Town of Hillsborough, North Carolina Notes to Financial Statements Town of Hillsborough, North Carolina Notes to Financial Statements Town of Hillsborough, North Carolina Notes to Financial Statements Town of Hillsborough, North Carolina Notes to Financial Statements Town of Hillsborough, North Carolina Notes to Financial Statements Town of Hillsborough, North Carolina Notes to Financial Statements (9) Operating leases C. Interfund balances and activity Transfers to/from other funds D. Net investment in capital assets Town of Hillsborough, North Carolina Notes to Financial Statements E. Fund balance 5.Jointly Governed Organization 6.Changes in Accounting Principles Accounting and Financial Reporting for Postemployment Benefits Other than Pensions 7.Significant Effects of Subsequent Events Required Supplementary Financial Data Town of Hillsborough, North Carolina Exhibit A Law Enforcement Officers' Special Separation Allowance Required Supplementary Information Schedules of Changes in Total Pension Liability Last Two Fiscal Years Notes to the Schedules: The amounts presented for each fiscal year were determined as of the prior fiscal year ended December 31. Town of Hillsborough, North CarolinaExhibit B Law Enforcement Officers' Special Separation Allowance Required Supplementary Information Schedules of Total Pension Liability as a Percentage of Covered Payroll Last Two Fiscal Years Notes to the schedules: The Town of Hillsborough has no assets accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement 73 to pay related benefits. Town of Hillsborough, North CarolinaExhibit C Schedule of Changes in the Total OPEB Liability and Related Ratios Required Supplementary Information June 30, 2018 Notes to the Schedule: *Changes of assumption and other inputs reflect the effects of changes in the discount rate of each period. The following are the discount rates used in each period. Town of Hillsborough, North Carolina Exhibit D-1 Schedules of Proportionate Share of Net Pension Liability (Asset) Local Government Employees' Retirement System Required Supplementary Information Last Five Fiscal Years* * The amounts presented for each fiscal year were determined as of the prior fiscal year ending June 30. Town of Hillsborough, North Carolina Exhibit D-2 Schedules of Contributions Local Government Employees' Retirement System Required Supplementary Information Last Five Fiscal Years Supplementary Information Schedule 1 Town of Hillsborough, North Carolina (5 pages) Statement of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual General Fund Year Ended June 30, 2018 with Comparative Actual Amounts for Year Ended June 30, 201 7 Schedule 1 Town of Hillsborough, North Carolina (5 pages) Statement of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual General Fund Year Ended June 30, 2018 with Comparative Actual Amounts for Year Ended June 30, 201 7 Schedule 1 Town of Hillsborough, North Carolina (5 pages) Statement of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual General Fund Year Ended June 30, 2018 with Comparative Actual Amounts for Year Ended June 30, 201 7 Schedule 1 Town of Hillsborough, North Carolina (5 pages) Statement of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual General Fund Year Ended June 30, 2018 with Comparative Actual Amounts for Year Ended June 30, 201 7 Schedule 1 Town of Hillsborough, North Carolina (5 pages) Statement of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual General Fund Year Ended June 30, 2018 with Comparative Actual Amounts for Year Ended June 30, 201 7 Town of Hillsborough, North Carolina Schedule 2 Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual Town Barn Improvements Capital Project Fund Year Ended June 30, 2018 Schedule 3 Town of Hillsborough, North Carolina (2 pages) Combining Balance Sheet Nonmajor Governmental Funds June 30, 2018 Schedule 3 (2 pages) Schedule 4 Town of Hillsborough, North Carolina (2 pages) Combining Statement of Revenues, Expenditures, and Changes in Fund Balance s Budget and Actual Nonmajor Governmental Funds Year Ended June 30, 2018 Schedule 4 (2 pages) Town of Hillsborough, North Carolina Schedule 5 Statement of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual General Capital Projects Fund Nonmajor Capital Project Fund Year Ended June 30, 2018 Town of Hillsborough, North Carolina Schedule 6 Statement of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual General Capital Reserve Fund Nonmajor Capital Project Fund Year Ended June 30, 2018 Town of Hillsborough, North Carolina Schedule 7 Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual Downtown Improvements Capital Project Fund Nonmajor Capital Project Fund Year Ended June 30, 2018 Town of Hillsborough, North CarolinaSchedule 8 Statement of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual Riverwalk CMAQ Capital Project Fund Nonmajor Capital Project Fund Year Ended June 30, 2018 Town of Hillsborough, North Carolina Schedule 9 Statement of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual Rail Station Capital Project Fund Nonmajor Capital Project Fund Year Ended June 30, 2018 Town of Hillsborough, North Carolina Schedule 10 Statement of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual Public Works Building Capital Project Fund Nonmajor Capital Project Fund Year Ended June 30, 2018 Town of Hillsborough, North Carolina Schedule 11 Schedule of Revenues Budget and Actual (Non-GAAP) d Water and Sewer Fun Enterprise Fund Year Ended June 30, 2018 with Comparative Actual Amounts for Year Ended June 30, 2017 Schedule 12 Town of Hillsborough, North Carolina Schedule of Expenditures(3 pages) Budget and Actual (Non-GAAP) Water and Sewer Fund Enterprise Fund Year Ended June 30, 2018 with Comparative Actual Amounts for Year Ended June 30, 2017 Schedule 12 Town of Hillsborough, North Carolina Schedule of Expenditures(3 pages) Budget and Actual (Non-GAAP) Water and Sewer Fund Enterprise Fund Year Ended June 30, 2018 with Comparative Actual Amounts for Year Ended June 30, 2017 Schedule 12 Town of Hillsborough, North Carolina (3 pages) Schedule of Expenditures Budget and Actual (Non-GAAP) Water and Sewer Fund Enterprise Fund Year Ended June 30, 2018 with Comparative Actual Amounts for Year Ended June 30, 2017 Schedule 13 Town of Hillsborough, North Carolina Statement of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual (Non-GAAP) Water and Sewer Capital Projects Fund Enterprise Fund Year Ended June 30, 2018 Town of Hillsborough, North Carolina Schedule 14 Statement of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual (Non-GAAP) Water and Sewer Capital Reserve Fund Enterprise Fund Year Ended June 30, 2018 Town of Hillsborough, North Carolina Schedule 15 Statement of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual (Non-GAAP) d Stormwater Fun Enterprise Fund Year Ended June 30, 2018 Town of Hillsborough, North Carolina Schedule 16 Statement of Changes in Assets and Liabilities Special Assessment Debt Agency Fund Fiduciary Fund Year Ended June 30, 2018 This page left intentionally blank. Additional Financial Data Schedule 17 Town of Hillsborough, North Carolina Schedule of Ad Valorem Taxes Receivable June 30, 2018 Town of Hillsborough, North Carolina Schedule 18 Analysis of Current Tax Levy Year Ended June 30, 2018 * Total adjusted levy includes discoveries and abatements. ** Property tax valuation prior to the discoveries and abatements. This page left blank intentionally. Statistical Section Page Financial Trends Information Revenue Capacity Information Debt Capacity Information Demographic and Economic Information Operating Information Sources:Unlessotherwisenoted,theinformationintheseschedulesisderivedfromthecomprehensive annualfinancialreportsfortherelevantyear.TheTownimplementedGASBStatement34in2004;schedules presenting government-wide information include information beginning in that year. This page left blank intentionally. Financial Trends Information Town of Hillsborough, North Carolina Net Position by Component Last Ten Fiscal Years (accrual basis of accounting) Table 1 Town of Hillsborough, North Carolina Changes in Net Position Last Ten Fiscal Years (accrual basis of accounting) Table 2 (4 pages) Town of Hillsborough, North Carolina Changes in Net Positio n Last Ten Fiscal Years (accrual basis of accounting) Table 2 (4 pages) Town of Hillsborough, North Carolina Fund Balances Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Table 3 Town of Hillsborough, North Carolina Changes in Fund Balance Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Table 4 This page left blank intentionally. Revenue Capacity Information Town of Hillsborough, North Carolina Program Revenues by Function/Program Last Ten Fiscal Years (accrual basis of accounting) Table 5 Town of Hillsborough, North CarolinaTable 6 Tax Revenues by Source a Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) b a This table presents the Town's most significant source of revenues. All other taxes and revenues are either comparatively insignificant or levied by a governmental entity other than the Town of Hillsborough. b Ad Valorem tax revenue increased by 46.73 percent in the past ten years. This is primarily due to property values being re-evaluated every four years. During the last ten years, there were two re-evaluation periods 2009 and 2017. The revaluation periods along with increasing property values and steady growth has caused a significant increase in Ad Valorem Revenue from 2008 to 2017. Town of Hillsborough, North Carolina Table 7 Assessed Value and Actual Value of Taxable Property Last Ten Fiscal Years Source: Annual County Report of Valuation and Property Tax Levies. * Real property values exclude tax-exempt property. Note:Propertyinthecityisreassessedeachyear.Propertyisassessedatactualvalue;therefore,the assessed values are equal to actual value. Tax rates are per $100 of assessed value. Town of Hillsborough, North CarolinaTable 8 Direct and Overlapping Property Tax Rates Last Ten Fiscal Years (rate per $100 of assessed value) Source: Orange County Note:TheTown'sbasicpropertytaxratemaybeincreasedonlybyamajorityvoteoftheelectedTownBoard of Town Commissioners. a OverlappingratesarethoseoflocalandcountygovernmentsthatapplytopropertyownerswithintheTownof Hillsborough. b The Fire District Tax applies to properties outside of the city limits. Table 9 s Orange County Board of Equalization and Assessment, and Orange County Department of Finance. Town of Hillsborough, North CarolinaProperty Tax Revenue and CollectionLast Ten Fiscal Years Sources: This page left blank intentionally. Town of Hillsborough, North Carolina Water Sold by Type of Customer and In and Out of Town Last Ten Fiscal Years Source: Town of Hillsborough, Water Billing Office. Revenue collected includes late payment penalties. Due to an issue during a software system conversion in FY 2016, some of the gallons billed data was lost and is therefore, lower than expected. Table 11 dsewer Table 12 te. te. e. s Town of Hillsborough, North CarolinaWater and Sewer RateLast Ten Fiscal Years Rate changes are effective with July 1 water usage unless otherwise stated.Theconstructionofareservoirin1998andrenovationsofanagingwaterandwastewatertreatmentplanthavecausedsignificantincreasesinwate ranrates over the past ten years.Prior to 7/1/15, a flat charge was billed for 0 to 2,700 gallons. Any usage over 2,700 gallons was billed per 1,000 gallons raBeginning 7/1/15, a flat charge was billed for 0 to 2,600 gallons. Any usage over 2,600 gallons is billed per 1,000 gallons raBeginning 7/1/16, a flat charge is billed for 0 to 2,500 gallons. Any usage over 2,500 gallons is billed per 1,000 gallons rat Debt Capacity Information a Table 13 Details regarding the Town's outstanding debt can be found in the notes to the financial statements. See Table 17 for population data. These ratios are calculated using population for the prior calendar year. Town of Hillsborough, North CarolinaRatios of Outstanding Debt by TypeLast Ten Fiscal Years Note: a Town of Hillsborough, North CarolinaTable 14 Ratios of General Bonded Debt Outstanding Last Ten Fiscal Years a b Note:Details regarding the Town's outstanding debt can be found in the notes to the financial statements. a See Table 7 for property value data. b Population data can be found in Table 17. This page left blank intentionally. Town of Hillsborough, North Carolina Table 15 Direct and Overlapping Governmental Activities Debt June 30, 2018 Sources:AssessedvaluedatausedtoestimateapplicablepercentagesprovidedbytheOrangeCounty Property Assessment Division. Debt outstanding data provided by each governmental unit. Town of Hillsborough, North Carolina Legal Debt Margin Information Last Ten Fiscal Years Note:Under state finance law, the Town's outstanding general obligation debt should not exceed 8 percent of total assessed property value. Table 16 Demographic and Economic Information Town of Hillsborough, North CarolinaTable 18 Principal Employers Current Year and Nine Years Ago Source: Town Economic Development Division and Employment Security Commission. Note: Information regarding Town's total employment is not available. * Data not available Town of Hillsborough, North CarolinaTable 19 Full-Time Equivalent City Government Employees by Function/Program Last Ten Fiscal Years Source: Town Finance Office. Positions reported at June 30th are positions filled. This page left intentionally blank. Operating Information Town of Hillsborough, North Carolina Operating Indicators by Function/Program Last Ten Fiscal Years a b Sources: Various city departments. a Alternative school added for students who have not been successful in the traditional school setting in FY06 b Core classes only reported in FY11, FY12 and FY13 c Data used from previous year Table 20 c Town of Hillsborough, North Carolina Capital Asset Statistics by Function/Program Last Ten Fiscal Years b a Sources: Various city departments. Note: No capital asset indicators are available for the general government or library function. a Storm sewer data not available. b Includes two parks owned by the Town but are located outside of the city limits. c 2012 figure included private hydrants - 2013 actual number of hydrants from GIS ^ Estimated > Includes brush and leaf trucks 2009 forward Table 21 This page left intentionally blank. Other Disclosures Town of Hillsborough Other Disclosures #®³¨´¨¦$¨²¢«®²´±¤)¥®±¬ ³¨®2¤« ³¤£³®5³¨«¨³¸2¤µ¤´¤"®£² 4§¤7 ³¤±3¸²³¤¬ Town of Hillsborough Other Disclosures Town of Hillsborough Other Disclosures 4§¤3 ¨³ ±¸3¤¶¤±3¸²³¤¬ Town of Hillsborough Other Disclosures Town of Hillsborough Other Disclosures Compliance Section This page left intentionally blank. Independent Auditors’ Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Government Auditing Standards Government Auditing Standards Internal Control over Financial Reporting Compliance and Other Matters Government Auditing Standards Town of Hillsborough’s Responses to Findings Purpose of this Report Government Auditing Standards High Point, North Carolina January 31, 2019 Town of Hillsborough, North Carolina Schedule of Findings and Responses Year Ended June 30, 2018 Finding 2018-001: Financial Accounting Closing Procedures Material Weakness Criteria: Condition: Cause: Effect: Identification of a repeat finding Recommendation: View of responsible official and planned corrective action: Finding 2018-002: Excess of Expenditures over Appropriations Criteria: Condition: Cause: Effect: Recommendation: View of responsible official and planned corrective action: