North Carolina State Fair, [a] division of North Carolina Department of Agriculture and Consumer Services, Raleigh, North Carolina : report on fiscal control audit. |
Previous | 1 of 3 | Next |
|
small (250x250 max)
medium (500x500 max)
Large
Extra Large
large ( > 500x500)
Full Resolution
|
This page
All
|
STATE OF NORTH CAROLINA
FISCAL CONTROL AUDIT REPORT ON
NORTH CAROLINA STATE FAIR
DIVISION OF NORTH CAROLINA DEPARTMENT OF
AGRICULTURE AND CONSUMER SERVICES
RALEIGH, NORTH CAROLINA
FOR THE PERIOD JULY 1, 2004, THROUGH FEBRUARY 28, 2005
OFFICE OF THE STATE AUDITOR
LESLIE W. MERRITT, JR., CPA, CFP
STATE AUDITOR FISCAL CONTROL AUDIT REPORT ON
NORTH CAROLINA STATE FAIR
DIVISION OF NORTH CAROLINA DEPARTMENT OF AGRICULTURE AND CONSUMER SERVICES
RALEIGH, NORTH CAROLINA
FOR THE PERIOD JULY 1, 2004, THROUGH FEBRUARY 28, 2005
THE HONORABLE STEVE TROXLER, COMMISSIONER
WESLEY V. WYATT, STATE FAIR MANAGER Leslie W. Merritt, Jr., CPA, CFP
State Auditor
STATE OF NORTH CAROLINA
Office of the State Auditor
2 S. Salisbury Street
20601 Mail Service Center
Raleigh, NC 27699- 0601
Telephone: ( 919) 807- 7500
Fax: ( 919) 807- 7647
Internet
http:// www. ncauditor. net
AUDITOR’S TRANSMITTAL
The Honorable Michael F. Easley, Governor The General Assembly of North Carolina North Carolina Department of Agriculture and Consumer Services The Honorable Steve Troxler, Commissioner
This report presents the results of our fiscal control audit of the North Carolina State Fair, a division of the Department of Agriculture and Consumer Services for the period July 1, 2004, through February 28, 2005. Our work was performed by authority of Article 5A of Chapter 147 of the North Carolina General Statutes and was conducted in accordance with the standards contained in Government Auditing Standards issued by the Comptroller General of the United States. The objective of a fiscal control audit is to gather and evaluate evidence about internal control over selected fiscal matters, such as financial accounting and reporting; compliance with finance- related laws, regulations, and provisions of contracts or grant agreements; and/ or management of financial resources.
The results of our audit disclosed no internal control deficiencies or instances of noncompliance or other matters that are considered reportable under Government Auditing Standards.
North Carolina General Statutes require the State Auditor to make audit reports available to the public. Copies of audit reports issued by the Office of the State Auditor may be obtained through one of the options listed in the back of this report.
Leslie W. Merritt, Jr., CPA, CFP State Auditor TABLE OF CONTENTS
PAGE
BACKGROUND INFORMATION.................................................................................................... 1
OBJECTIVES, SCOPE, METHODOLOGY, AND RESULTS............................................................... 3
DISTRIBUTION OF AUDIT REPORT.............................................................................................. 5
BACKGROUND INFORMATION
The North Carolina State Agricultural Society founded the fair in 1853. This society wanted to use the fair to promote “ scientific agriculture”. The society continued to operate the fair until the 1920’ s, at which time the fair was taken over by the State of North Carolina. Today, the North Carolina Department of Agriculture and Consumer Services operates the fair.
The attendance for the 10- day 2004 State Fair was approximately 836,000, which is the second highest attendance on record. Based on recorded amounts for the period July 1, 2004, through February 28, 2005, the State Fair recognized operating revenues of approximately $ 3.9 million from gate admission sales and approximately $ 4.2 million from midway receipts.
1
[ This Page Left Blank Intentionally ] 2
OBJECTIVES, SCOPE, METHODOLOGY, AND RESULTS
OBJECTIVES
As authorized by Article 5A of Chapter 147 of the North Carolina General Statutes and in accordance with the standards contained in Government Auditing Standards issued by the Comptroller General of the United States, we have conducted a fiscal control audit at the North Carolina State Fair, a division of the North Carolina Department of Agriculture and Consumer Services.
The objective of a fiscal control audit is to gather and evaluate evidence about internal control over selected fiscal matters, such as financial accounting and reporting; compliance with finance- related laws, regulations, and provisions of contracts or grant agreements; and/ or management of financial resources. Our audit does not provide a basis for issuing an opinion on internal control, and consequently, we have not issued such an opinion.
Management is responsible for establishing and maintaining effective internal control. Internal control is a process designed to provide reasonable assurance that relevant objectives are achieved. Because of inherent limitations in internal control, errors or fraud may nevertheless occur and not be detected. Also, projections of any evaluation of internal control to future periods are subject to the risk that conditions may change or compliance with policies and procedures may deteriorate.
SCOPE
Our audit scope covered the period July 1, 2004, through February 28, 2005. During our audit we considered internal control related to the following accounts and control objectives:
Gate/ Admissions Fees – These are the fees charged by the Division to persons for entrance into the North Carolina State Fair. The Division reported gate/ admission fees collected during our audit period of approximately $ 3.9 million. We examined internal controls designed to ensure that the fees charged were at the established rates and properly accounted for by the Division.
Midway Receipts – These are receipts derived from the per capita fee the midway operator paid the North Carolina State Fair for each person attending the State Fair as determined by the contractual agreement. At February 28, 2005, the Division reported approximately $ 4.2 million of midway receipts. We examined internal controls designed to ensure that the contractor paid the per capita fee per the terms of the contract and that the Division properly accounted for the collections. 3
OBJECTIVES, SCOPE, METHODOLOGY, AND RESULTS ( CONCLUDED)
METHODOLOGY
To accomplish our audit objectives, we gained an understanding of internal control, performed tests of control effectiveness, and/ or performed direct tests of the accounts and transactions as we considered necessary in the circumstances. Specifically, we performed procedures such as interviewing personnel, observing operations, reviewing policies, analyzing accounting records and examining documentation supporting recorded transactions and balances.
RESULTS
The results of our audit disclosed no internal control deficiencies or instances of noncompliance or other matters that are considered reportable under Government Auditing Standards.
4
5
DISTRIBUTION OF AUDIT REPORT
In accordance with General Statutes 147- 64.5 and 147- 64.6( c)( 14), copies of this report have been distributed to the public officials listed below. Additional copies are provided to other legislators, state officials, the press and the general public upon request.
EXECUTIVE BRANCH
The Honorable Michael F. Easley The Honorable Beverly M. Perdue The Honorable Richard H. Moore The Honorable Roy A. Cooper, III Mr. David T. McCoy Mr. Robert L. Powell
The Honorable Steve Troxler
Governor of North Carolina Lieutenant Governor of North Carolina State Treasurer Attorney General State Budget Officer State Controller Commissioner, Department of Agriculture and Consumer Services
LEGISLATIVE BRANCH
Appointees to the Joint Legislative Commission on Governmental Operations
President Pro Tempore Senator Marc Basnight, Co- Chair Senator Charles W. Albertson Senator Thomas M. Apodaca Senator Daniel G. Clodfelter Senator Walter H. Dalton Senator Charlie S. Dannelly Senator James Forrester Senator Linda Garrou Senator Kay R. Hagan Senator Fletcher L. Hartsell, Jr. Senator David W. Hoyle Senator John H. Kerr, III Senator Ellie Kinnaird Senator Jeanne H. Lucas Senator Anthony E. Rand Senator R. C. Soles, Jr. Senator Richard Y. Stevens Senator A. B. Swindell, IV Senator Scott Thomas
Speaker of the House Representative James B. Black, Co- Chair Representative Alma S. Adams Representative Martha B. Alexander Representative Harold J. Brubaker Representative Lorene T. Coates Representative E. Nelson Cole Representative James W. Crawford, Jr. Representative William T. Culpepper, III Representative W. Pete Cunningham Representative Beverly M. Earle Representative Pryor A. Gibson, III Representative Joe Hackney Representative R. Phillip Haire Representative Dewey L. Hill Representative Lindsey H. Holliman Representative Julia C. Howard Representative Howard J. Hunter, Jr. Representative Margaret M. Jeffus Representative Daniel F. McComas Representative Charles L. McLawhorn Representative Henry M. Michaux, Jr. Representative Richard T. Morgan Representative Edd Nye Representative William C. Owens, Jr. Representative Deborah K. Ross Representative Drew P. Saunders Representative Wilma M. Sherrill Representative Joe P. Tolson Representative Edith D. Warren Representative Thomas E. Wright Representative Douglas Y. Yongue
Other Legislative Officials
Mr. James D. Johnson
Director, Fiscal Research Division
June 28, 2005 ORDERING INFORMATION
Copies of this report may be obtained by contacting the:
Office of the State Auditor
State of North Carolina
2 South Salisbury Street
20601 Mail Service Center
Raleigh, North Carolina 27699- 0601
Internet: http:// www. ncauditor. net
Telephone: 919/ 807- 7500
Facsimile: 919/ 807- 7647
Object Description
Description
| Title | North Carolina State Fair, [a] division of North Carolina Department of Agriculture and Consumer Services, Raleigh, North Carolina : report on fiscal control audit. |
| Other Title | State of North Carolina; Report on fiscal control audit |
| Date | 2005 |
| Description | Covers the period July 1, 2004 through February 28, 2005. |
| Digital Characteristics-A | 74 KB; 10 p. |
| Digital Format | application/pdf |
| Pres Local File Path-M | \Preservation_content\StatePubs\pubs_borndigital\images_master\ |
| Full Text | STATE OF NORTH CAROLINA FISCAL CONTROL AUDIT REPORT ON NORTH CAROLINA STATE FAIR DIVISION OF NORTH CAROLINA DEPARTMENT OF AGRICULTURE AND CONSUMER SERVICES RALEIGH, NORTH CAROLINA FOR THE PERIOD JULY 1, 2004, THROUGH FEBRUARY 28, 2005 OFFICE OF THE STATE AUDITOR LESLIE W. MERRITT, JR., CPA, CFP STATE AUDITOR FISCAL CONTROL AUDIT REPORT ON NORTH CAROLINA STATE FAIR DIVISION OF NORTH CAROLINA DEPARTMENT OF AGRICULTURE AND CONSUMER SERVICES RALEIGH, NORTH CAROLINA FOR THE PERIOD JULY 1, 2004, THROUGH FEBRUARY 28, 2005 THE HONORABLE STEVE TROXLER, COMMISSIONER WESLEY V. WYATT, STATE FAIR MANAGER Leslie W. Merritt, Jr., CPA, CFP State Auditor STATE OF NORTH CAROLINA Office of the State Auditor 2 S. Salisbury Street 20601 Mail Service Center Raleigh, NC 27699- 0601 Telephone: ( 919) 807- 7500 Fax: ( 919) 807- 7647 Internet http:// www. ncauditor. net AUDITOR’S TRANSMITTAL The Honorable Michael F. Easley, Governor The General Assembly of North Carolina North Carolina Department of Agriculture and Consumer Services The Honorable Steve Troxler, Commissioner This report presents the results of our fiscal control audit of the North Carolina State Fair, a division of the Department of Agriculture and Consumer Services for the period July 1, 2004, through February 28, 2005. Our work was performed by authority of Article 5A of Chapter 147 of the North Carolina General Statutes and was conducted in accordance with the standards contained in Government Auditing Standards issued by the Comptroller General of the United States. The objective of a fiscal control audit is to gather and evaluate evidence about internal control over selected fiscal matters, such as financial accounting and reporting; compliance with finance- related laws, regulations, and provisions of contracts or grant agreements; and/ or management of financial resources. The results of our audit disclosed no internal control deficiencies or instances of noncompliance or other matters that are considered reportable under Government Auditing Standards. North Carolina General Statutes require the State Auditor to make audit reports available to the public. Copies of audit reports issued by the Office of the State Auditor may be obtained through one of the options listed in the back of this report. Leslie W. Merritt, Jr., CPA, CFP State Auditor TABLE OF CONTENTS PAGE BACKGROUND INFORMATION.................................................................................................... 1 OBJECTIVES, SCOPE, METHODOLOGY, AND RESULTS............................................................... 3 DISTRIBUTION OF AUDIT REPORT.............................................................................................. 5 BACKGROUND INFORMATION The North Carolina State Agricultural Society founded the fair in 1853. This society wanted to use the fair to promote “ scientific agriculture”. The society continued to operate the fair until the 1920’ s, at which time the fair was taken over by the State of North Carolina. Today, the North Carolina Department of Agriculture and Consumer Services operates the fair. The attendance for the 10- day 2004 State Fair was approximately 836,000, which is the second highest attendance on record. Based on recorded amounts for the period July 1, 2004, through February 28, 2005, the State Fair recognized operating revenues of approximately $ 3.9 million from gate admission sales and approximately $ 4.2 million from midway receipts. 1 [ This Page Left Blank Intentionally ] 2 OBJECTIVES, SCOPE, METHODOLOGY, AND RESULTS OBJECTIVES As authorized by Article 5A of Chapter 147 of the North Carolina General Statutes and in accordance with the standards contained in Government Auditing Standards issued by the Comptroller General of the United States, we have conducted a fiscal control audit at the North Carolina State Fair, a division of the North Carolina Department of Agriculture and Consumer Services. The objective of a fiscal control audit is to gather and evaluate evidence about internal control over selected fiscal matters, such as financial accounting and reporting; compliance with finance- related laws, regulations, and provisions of contracts or grant agreements; and/ or management of financial resources. Our audit does not provide a basis for issuing an opinion on internal control, and consequently, we have not issued such an opinion. Management is responsible for establishing and maintaining effective internal control. Internal control is a process designed to provide reasonable assurance that relevant objectives are achieved. Because of inherent limitations in internal control, errors or fraud may nevertheless occur and not be detected. Also, projections of any evaluation of internal control to future periods are subject to the risk that conditions may change or compliance with policies and procedures may deteriorate. SCOPE Our audit scope covered the period July 1, 2004, through February 28, 2005. During our audit we considered internal control related to the following accounts and control objectives: Gate/ Admissions Fees – These are the fees charged by the Division to persons for entrance into the North Carolina State Fair. The Division reported gate/ admission fees collected during our audit period of approximately $ 3.9 million. We examined internal controls designed to ensure that the fees charged were at the established rates and properly accounted for by the Division. Midway Receipts – These are receipts derived from the per capita fee the midway operator paid the North Carolina State Fair for each person attending the State Fair as determined by the contractual agreement. At February 28, 2005, the Division reported approximately $ 4.2 million of midway receipts. We examined internal controls designed to ensure that the contractor paid the per capita fee per the terms of the contract and that the Division properly accounted for the collections. 3 OBJECTIVES, SCOPE, METHODOLOGY, AND RESULTS ( CONCLUDED) METHODOLOGY To accomplish our audit objectives, we gained an understanding of internal control, performed tests of control effectiveness, and/ or performed direct tests of the accounts and transactions as we considered necessary in the circumstances. Specifically, we performed procedures such as interviewing personnel, observing operations, reviewing policies, analyzing accounting records and examining documentation supporting recorded transactions and balances. RESULTS The results of our audit disclosed no internal control deficiencies or instances of noncompliance or other matters that are considered reportable under Government Auditing Standards. 4 5 DISTRIBUTION OF AUDIT REPORT In accordance with General Statutes 147- 64.5 and 147- 64.6( c)( 14), copies of this report have been distributed to the public officials listed below. Additional copies are provided to other legislators, state officials, the press and the general public upon request. EXECUTIVE BRANCH The Honorable Michael F. Easley The Honorable Beverly M. Perdue The Honorable Richard H. Moore The Honorable Roy A. Cooper, III Mr. David T. McCoy Mr. Robert L. Powell The Honorable Steve Troxler Governor of North Carolina Lieutenant Governor of North Carolina State Treasurer Attorney General State Budget Officer State Controller Commissioner, Department of Agriculture and Consumer Services LEGISLATIVE BRANCH Appointees to the Joint Legislative Commission on Governmental Operations President Pro Tempore Senator Marc Basnight, Co- Chair Senator Charles W. Albertson Senator Thomas M. Apodaca Senator Daniel G. Clodfelter Senator Walter H. Dalton Senator Charlie S. Dannelly Senator James Forrester Senator Linda Garrou Senator Kay R. Hagan Senator Fletcher L. Hartsell, Jr. Senator David W. Hoyle Senator John H. Kerr, III Senator Ellie Kinnaird Senator Jeanne H. Lucas Senator Anthony E. Rand Senator R. C. Soles, Jr. Senator Richard Y. Stevens Senator A. B. Swindell, IV Senator Scott Thomas Speaker of the House Representative James B. Black, Co- Chair Representative Alma S. Adams Representative Martha B. Alexander Representative Harold J. Brubaker Representative Lorene T. Coates Representative E. Nelson Cole Representative James W. Crawford, Jr. Representative William T. Culpepper, III Representative W. Pete Cunningham Representative Beverly M. Earle Representative Pryor A. Gibson, III Representative Joe Hackney Representative R. Phillip Haire Representative Dewey L. Hill Representative Lindsey H. Holliman Representative Julia C. Howard Representative Howard J. Hunter, Jr. Representative Margaret M. Jeffus Representative Daniel F. McComas Representative Charles L. McLawhorn Representative Henry M. Michaux, Jr. Representative Richard T. Morgan Representative Edd Nye Representative William C. Owens, Jr. Representative Deborah K. Ross Representative Drew P. Saunders Representative Wilma M. Sherrill Representative Joe P. Tolson Representative Edith D. Warren Representative Thomas E. Wright Representative Douglas Y. Yongue Other Legislative Officials Mr. James D. Johnson Director, Fiscal Research Division June 28, 2005 ORDERING INFORMATION Copies of this report may be obtained by contacting the: Office of the State Auditor State of North Carolina 2 South Salisbury Street 20601 Mail Service Center Raleigh, North Carolina 27699- 0601 Internet: http:// www. ncauditor. net Telephone: 919/ 807- 7500 Facsimile: 919/ 807- 7647 |
| OCLC number | 51989160 |
