Responsibilities Audit Results  |  Levy Comparisons  |  2007 Budget 
 County Website | County Services | Minutes/Agendas | Code of Ordinance | County Directory | Departments
   

La Crosse County Financial Reports

 

Comprehensive Annual Financial Reports

Comprehensive Annual Financial Reports (CAFRs) are produced to provide citizens, Board Supervisors, County staff, bondholders and the general public with useful information about the County’s operations and financial position. 

These reports are prepared by the County’s Finance Department in accordance with standards prescribed by the Governmental Accounting Standards Board (GASB), the Government Financial Officers Association of the United States and Canada (GFOA) and other rule-making bodies.  The County is responsible for the accuracy, completeness and fairness of the data presented.  The County’s external, independent audit firm, performs and issues an opinion on the financial statements.

The County has been awarded the GFOA Certificate of Achievement for Excellence in Financial Reporting since 2005.  The Certificate of Achievement is the highest form of recognition for excellence in state and local government financial reporting.  In order to be awarded a Certificate of Achievement, the county must publish an easily readable and efficiently organized comprehensive annual financial report.  The report must satisfy both Generally Accepted Accounting Principles (GAAP) and applicable legal requirements.  The Certificate is only applicable for one year.  Each year the Finance staff strive to maintain and achieve this high honor and submit the CAFR to the GFOA award program.

Previous CAFRs are available below and are for historical reference.

2016

2015

2014

2013

2012
2011
2010
2009

 

 

Popular Annual Financial Report

The purpose of the Popular Annual Financial Report (PAFR) is to summarize and simplify the presentation of information contained in the CAFR.  The County’s financial statements are prepared in accordance with GAAP and are independently audited by an external CPA firm.  Much of the information in the audited financial statements is technical and complex.  As a result, the full financial statements may not be particularly useful to the citizens of the County who wish to better understand county government finances.

Over the last several years, state and local governments have begun issuing simplified financial reports, or PAFRs.  PAFRs are intended to better inform the public about their government’s financial condition, without excessive detail or the use of technical accounting terms.

The PAFR summarizes and explains the information contained in the CAFR for the last fiscal year, along with other information on the County’s finances, in easily understood terms.  The PAFR represents the ongoing commitment of county officials to keep the citizens informed about county finances, and to be accountable in all respects for the receipt and expenditure of public funds.

Realizing the value the PAFR provides to citizens in 2014 the Finance Department produced the County’s first PAFR.  The County submitted the PAFR to the GFOA PAFR Award Program and received the award.  This respected recognition demonstrates the County’s commitment to prepare a high quality PAFR.

2016

2015

2014

 

 

Single Audit Reports

The Single Audit Report is a requirement of state and local governments that expend $750,000 or more in federal and state awards.  The report is required by the U.S. Office of Management and Budget as well as the Wisconsin Department of Administration.  The County Finance Department prepares schedules of expenditures of federal and state awards.  These schedules, along with major grant programs, is then audited by the County’s external CPA firm.  The external auditors determine whether the schedule of expenditures of federal and state awards is presented fairly, then test the internal controls the county employs over compliance for each major program, and then the auditor determines whether the county has complied with laws, regulations, and provisions of grant contracts for each major program. 

Previous single audit reports are available below for historical reference

2016
2015
2014
2013

2012

2011

 

 

Budget Reports

Each year in early November, the County Board of Supervisors approves the County Administrator’s recommended budget for the upcoming year.  In July department heads submit their budget requests to the Finance department.  In August and September the County Administrator meets with the department heads and finance staff to review budget requests.  The County Administrator presents his recommended budget to the Board by the end of September.  The Board Supervisors then review the proposed budget during October. 

Previous budget reports are available below for historical reference.

2017

2016

2015

2014

2013

 

 

MVHS Reports

Mississippi Valley Health Services Commission (MVHS) was formed through an intergovernmental agreement on behalf of participating Wisconsin counties in 2009.  The Commission jointly operate the former Lakeview Health Center, which was operated as an enterprise fund of La Crosse County.  The purpose of the Commission is to provide nursing home services for the elderly and developmentally disabled in a regional area, jointly sharing the cost of these serviced.  MVHS is considered a component unit of the County and their financial statements are presented in accordance with GAAP.

Pervious MVHS reports are available below for historical reference.

2016

2015

2014

2013

2012

 

 

Updated:   07/24/2017                                  

[../../Departments/Template for Departments/includes/includebtm.htm]