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GREENVILLE COUNTY DISABILITIESAND SPECIAL NEEDS BOARD

DBA THRIVE UPSTATE

REPORT ON FINANCIAL STATEMENTS

For the year ended June 30, 2018

GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDGREENVILLE, SOUTH CAROLINA

June 30, 2018

TABLE OF CONTENTSPAGE

FINANCIAL SECTIONIndependent Auditors' Report................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................1Management's Discussion and Analysis................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................3Basic Financial Statements

Entity-wide Financial Statements:Statement of Net Position................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................15Statement of Activities................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................17

Fund Financial Statements:Balance Sheet - All Governmental Funds................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................18Statement of Revenues, Expenditures, and Changes in Fund Balance (Deficit) All Governmental Funds................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................20

Statement of Fiduciary Net Position................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................23Notes to the Financial Statements................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................24

REQUIRED SUPPLEMENTARY INFORMATIONBudgetary Information Note................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................63Schedule of the Organization's Proportionate Share of the Net Pension Liability -

South Carolina Retirement System................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................64Schedule of the Organization's Proportionate Share of the Net Pension Liability -

Police Officers Retirement System................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................65Schedule of the Organization's Contributions - South Carolina Retirement System................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................66Schedule of the Organization's Contributions - Police Officers Retirement System................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................67Pension Plan Supplementary Information Note................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................68Schedule of Changes in the Organization's Total OPEB Liability and Related Ratios................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................69OPEB Supplementary Information Note................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................70

OTHER SUPPLEMENTARY INFORMATIONGeneral Fund

Schedules of Revenues, Expenses, and Change in Net Position - General Fund................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................71Special Revenue Fund

Schedules of Revenues, Expenses, and Change in Net Position - Capitated Programs................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................72Schedules of Revenues, Expenses, and Change in Net Position - Non-Capitated Programs................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................108Schedules of Revenues, Expenses, and Change in Net Position - Intermediate Cost Centers................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................111Schedules of Revenues, Expenses, and Change in Net Position - Special Grants................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................119

Combining SchedulesStatement of Net Position................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................125Statement of Activities................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................128

Report on Compliance with South Carolina Department of Disabilities and Special Needs' Provider Audit Policy................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................129Administrative Cost Allocation................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................130

GOVERNMENT AUDITING STANDARDSIndependent 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................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................136

UNIFORM GUIDANCE COMPLIANCEIndependent Auditors' Report on Compliance for Each Major Program and on Internal Control Over

Compliance In Accordance with the Uniform Guidance................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................138Schedule of Expenditures of Federal Awards................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................140Notes to Schedule of Expenditures of Federal Awards................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................141Schedule of Findings and Questioned Costs................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................142Summary Schedule of Prior Audit Findings................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................144

FINANCIAL SECTION

INDEPENDENT AUDITORS' REPORT

To the Board of DirectorsGreenville County Disabilities and Special Needs BoardGreenville, South Carolina

We have audited the accompanying financial statements of the governmental activities, each major fund, and the aggregateremaining fund information of Greenville County Disabilities and Special Needs Board dba Thrive Upstate (the"Organization"), as of and for the year ended June 30, 2018, and the related notes to the financial statements, which collectivelycomprise the Organization's basic financial statements as listed in the table of contents.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance withaccounting principles generally accepted in the United States of America; this includes the design, implementation, andmaintenance of internal control relevant to the preparation and fair presentation of financial statements that are free frommaterial misstatement, whether due to fraud or error.

Auditors' Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit inaccordance with auditing standards generally accepted in the United States of America and the standards applicable tofinancial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Thosestandards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements arefree from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financialstatements. The procedures selected depend on the auditors' judgment, including the assessment of the risks of materialmisstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considersinternal control relevant to the Organization’s preparation and fair presentation of the financial statements in order to designaudit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on theeffectiveness of the Organization’s internal control. Accordingly, we express no such opinion. An audit also includes evaluatingthe appropriateness of accounting policies used and the reasonableness of significant accounting estimates made bymanagement, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial positionof the governmental activities, each major fund, and the aggregate remaining fund information of the Organization as of June30, 2018, and the respective changes in financial position thereof and for the year then ended in accordance with accountingprinciples generally accepted in the United States of America.

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Change in Accounting Principle

As discussed in Note 1.f. to the financial statements, the Organization adopted the provisions of Government AccountingStandards Board Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions, effectiveJuly 1, 2017. Our audit opinions are not modified with respect to this matter.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the Management's Discussion andAnalysis, Schedule of the Organization's Proportionate Share of the Net Pension Liability for the South Carolina RetirementSystem and Police Officers Retirement System, Schedule of the Organization's Contributions to the South Carolina RetirementSystem and Police Officers Retirement System, Schedule of Changes in the Organization's Total OPEB Liability and RelatedRatios, and budgetary comparison information as referenced in the table of contents, be presented to supplement the basicfinancial statements. Such information, although not a part of the basic financial statements, is required by the GovernmentalAccounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financialstatements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to therequired supplementary information in accordance with auditing standards generally accepted in the United States of America,which consisted of inquiries of management about the methods of preparing the information and comparing the informationfor consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtainedduring our audit of the basic financial statements. We do not express an opinion or provide any assurance on the informationbecause the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Information

Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise theOrganization’s basic financial statements. The supplementary schedules, as listed in the table of contents, and the Schedule ofExpenditures of Federal Awards, as required by the audit requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), arepresented for purposes of additional analysis and are not a required part of the basic financial statements.

The supplementary schedules and the Schedule of Expenditures of Federal Awards are the responsibility of management andwere derived from and relate directly to the underlying accounting and other records used to prepare the basic financialstatements. Such information has been subjected to the auditing procedures applied in the audit of the basic financialstatements and certain additional procedures, including comparing and reconciling such information directly to the underlyingaccounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, andother additional procedures in accordance with auditing standards generally accepted in the United States of America. In ouropinion, the supplementary schedules and the Schedule of Expenditures of Federal Awards are fairly stated, in all materialrespects, in relation to the basic financial statements as a whole.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated September 19, 2018, on ourconsideration of the Organization’s internal control over financial reporting and on our tests of its compliance with certainprovisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe thescope of our testing of internal control over financial reporting and compliance and the results of that testing, and not toprovide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an auditperformed in accordance with Government Auditing Standards in considering the Organization's internal control over financialreporting and compliance.

Columbia, South CarolinaSeptember 19, 2018

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Greenville County Disabilities and Special Needs Board DBA Thrive Upstate

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June 30, 2018

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INTRODUCTION

Our discussion and analysis of the Greenville County Disabilities and Special Needs Board DBA Thrive Upstate financial performance provides an overview of 7KULYH�8SVWDWH¶V financial activities for the fiscal year ending June 30, 2018. It should be read in conjunction with 7KULYH�8SVWDWH¶V financial statements.

7KH�0DQDJHPHQW¶V�'LVFXVVLRQ�DQG�$QDO\VLV��0'$��LV�DQ�HOHPHQW�RI� WKH�UHSRUWLQJ�PRGHO�DGRSWHG�E\�

the Governmental Accounting Standards Board (GASB) in their Statement No. 34, Basic Financial

Statements ± DQG�0DQDJHPHQW¶V�'LVFXVVLRQ�DQG�$QDO\VLV�± for State and Local Governments, issued June 1999.

FINANCIAL HIGHLIGHTS

� As of June 30, 2018, total liabilities and deferred inflows of resources of Thrive Upstate exceeded its assets and deferred outflows of resources by $22,841,681. Total net position was a deficit of $22,841,681 at the close of the fiscal year. Of this amount, $3,080,213 represents a netinvestment in capital assets, $446,181 for restricted assets, and ($26,368,075) indicates unrestricted net position deficit.

� TKULYH�8SVWDWH¶V�WRWDO�QHW�SRVLWLRQ�GHFUHDVHG�$1,864,121 due to the $2,185,892 impact of the net pension liability and deferred flows of resources. As of June 30, 2018, our net pension liability balance was $32,567,725, ZKLFK� LV�7KULYH�8SVWDWH¶V� SURSRUWLRQDWH� VKDUH�RI� WKH� South Carolina Retirement System pension liability.

� Of the $1,864,121 decrease in net position, $65,620 of the decrease can be attributed to the HUD Corporations and $1,798,501 of the decrease can be attributed to Thrive Upstate. However, without the FY18 Retirement expenses for the Net Pension Liability (GASB 68) and Health insurance expenses for the OPEB Liability (GASB 75)��7KULYH�8SVWDWH¶V change in net position is a surplus of $396,530 after depreciation. GASB 68 and GASB 75 are required standards for governmental accounting.

� At the close of the curreQW�ILVFDO�\HDU��7KULYH�8SVWDWH¶V�JRYHUQPHQWDO�IXQGV�UHSRUWHG�FRPELQHG�

fund balances of $498,665, which is an increase of $744,013 as compared with the prior year. Approximately 2.1% of this amount, or $10,636, is unassigned and is available for spending at 7KULYH�8SVWDWH¶V�GLVFUHWLRQ�

� Long-term debt decreased by $77,509 from the previous fiscal year as a result of paying off a capital Dell lease in the amount of $19,487 and paying the monthly mortgage payments for the Blue Ridge building and GA Properties buildings. There were not any new vehicle notes or building notes.

� In April 2018, Thrive Upstate invested $500,000 into the Local Government Investment Pool (LGIP). LGIP is an investment option for local governments of SC provided by the State TreasureU¶V�2IILFH��

� The line of credit has not been utilized since October 2014.


0DQDJHPHQW¶V�'LVFXVVLRQ�DQG�$QDO\VLV��0'$� - Continued

June 30, 2018

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OVERVIEW OF FINANCIAL STATEMENTS

This annual report consists of three parts ± PDQDJHPHQW¶V�GLVFXVVLRQ�DQG�DQDO\VLV��WKLV�VHFWLRQ��WKH�EDVLF�financial statements, and required supplementary information. The three sections together provide a comprehensive overview of Thrive Upstate. The basic financial statements are comprised of two kinds of statements that present financial information from different perspectives:

� Government-wide financial statements, which comprise the first two statements, provide both short-term and long-WHUP�LQIRUPDWLRQ�DERXW�7KULYH�8SVWDWH¶V�RYHUDOO�ILQDQFLDO�SRVLWLRQ.

� Fund financial statements focus on repRUWLQJ�WKH�LQGLYLGXDO�SDUWV�RI�7KULYH�8SVWDWH¶V operations in more detail. The fund financial statements comprise the remaining statements.

The financial statements also include notes that explain some of the information in the statements and provide more detailed data. The basic financial statements are followed by a section of required supplementary information that further explains and supports the financial statements.

Government-wide Financial Statements

The government-wide financial statements which includes the statement of net position and the statement of activities, are designed to provide the rHDGHU� ZLWK� D� EURDG� RYHUYLHZ� RI� 7KULYH� 8SVWDWH¶V finances, similar in format to a financial statement of a private-sector business. The government-wide statements provide short and long-term information DERXW�7KULYH�8SVWDWH¶V financial status as a whole.

The two government-wide statements report TKULYH�8SVWDWH¶V net position and how it has changed. Net position is the difference between 7KULYH�8SVWDWH¶V total assets plus deferred outflows of resources and total liabilities plus deferred inflows of resources. Measuring net position is one way to gauge Thrive 8SVWDWH¶V financial condition.

The government-wide statements are divided into five categories: Residential Services, Adult Day Services, Family Support Services, Intermediate Cost Centers, and Other. The governmental activities include 7KULYH�8SVWDWH¶V basic services such as general administration and human services. State and federal grant funds finance most of these activities. There are four component units that are comprised of the HUD Corporations. These are legally separate from Thrive Upstate and are presented in a blendedform in the financial statements.



June 30, 2018

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Fund Financial Statements

The fund financial statements provide a PRUH�GHWDLOHG�ORRN�DW�7KULYH�8SVWDWH¶V most significant activities. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. Thrive Upstate, like all other governmental entities in South Carolina uses fund accounting to ensure and reflect compliance (or non-compliance) with finance-related legal requirements, such as the SC Code of Laws or the Board budget ordinance. All of the funds of Thrive Upstate are classified as governmental funds, except for the fiduciary fund which reflects activity of the collective account managed for individuals served by Thrive Upstate.

Governmental funds are used to account for those functions reported as governmental activities in the government-wide financial statements. 7KULYH�8SVWDWH¶V basic services are accounted for in governmental funds. These funds focus on how assets can readily be converted into cash flow in and out, and what monies are left at year-end that will be available for spending in the next year. Governmental funds are UHSRUWHG�XVLQJ�DQ�DFFRXQWLQJ�PHWKRG�FDOOHG�³PRGLILHG�DFFUXDO�DFFRXQWLQJ´�WKDW�SURYLGHV�D�VKRUW-term spending focus. As a result, the governmental fund financial statements give the reader a detailed short-term view that helps him or her determine if there are more or less financial resources available to finance 7KULYH�8SVWDWH¶V programs. Both the governmental funds balance sheet and the governmental funds statement of revenues, expenditures, and changes in fund balance provide a reconciliation to facilitate the comparison between governmental funds and Thrive Upstate activities. These reconciliations are presented as part of the fund financial statements.

Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements can be found following the fund financial statements.

Required Supplementary Information

The basic financial statements are followed by a section of required supplementary information.

GOVERNMENT-WIDE OVERALL FINANCIAL ANALYSIS

Net Position

As noted earlier, net position over time, may serve as a useful PHDVXUHPHQW�RI�D�JRYHUQPHQW¶V�ILQDQFLDO�position. 7KULYH� 8SVWDWH¶V� OLDELOLWLHV� DQG� GHIHUUHG� LQIORZV� RI� UHVRXUFHV� H[FHHGHG� assets and deferred outflows of resources by $22,841,681 as June 30, 2018.



June 30, 2018

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A SRUWLRQ�RI�7KULYH�8SVWDWH¶V�QHW�SRVLWLRQ, $3,080,213 reflects its investment in capital assets (e.g., land, buildings, equipment, vehicles, and infrastructure), less any related outstanding debt that was used to acquire those assets. Thrive Upstate uses these capital assets to provide housing, transportation, and a variety of services to the individuals we serve. Accordingly, these assets are not available for future spending.

An additional SRUWLRQ�RI�7KULYH�8SVWDWH¶V�QHW�SRVLWLRQ��UHSUHVHQW�UHVRXUFHV�WKDW�DUH�VXEMHFW� WR�external restrictions on how they may be used. /DVWO\��RI�7KULYH�8SVWDWH¶V�QHW�SRVLWLRQ�LV�unrestricted.

7KULYH�8SVWDWH¶V�RYHUDOO�QHW�SRVLWLRQ�GHFUHDVHG��864,121 from the prior fiscal year. The reasons for this overall decrease are discussed in the following section.

Net�Position�(Table�1)June�30,�2018

June�30,�2017,�as�

restated

Increase�

(decrease)

ASSETS � �

Current�Assets 2,095,061$�� 1,567,183$�� 527,878$��

Noncurrent�Assets 457,973�� 425,340�� 32,633��

Capital�Assets 7,847,599�� 8,386,537�� (538,938)��

�

Total�Assets 10,400,633$�� 10,379,060$�� 21,573$��

DEFERRED�OUTFLOWS�OF�RESOURCES

Deferred�outflows�of�resources 6,750,336�� 5,325,456�� 1,424,880��

�

Total�assets�and�deferred�outflows�of�resources 17,150,969$�� 15,704,516$�� 1,446,453$��

LIABILITIES

Current�Liabilities 2,118,584$�� 2,455,096$�� (336,512)$��

Noncurrent�Liabilities 37,847,600�� 34,195,588�� 3,652,012��

�

Total�Liabilities 39,966,184$�� 36,650,684$�� 3,315,500$��

DEFERRED�INFLOWS�OF�RESOURCES

Deferred�inflows�of�resources 26,466$�� 31,392$�� (4,926)$��

NET�POSITION�

Invested�in�Capital�Assets,�Net�of�Related�Debt 3,080,213$�� 3,541,642$�� (461,429)$��

Restricted 446,181�� 410,637�� 35,544��

Unrestricted (26,368,075)�� (24,932,839)�� (1,435,236)��

�

Total�Net�Position (22,841,681)�� (20,980,560)�� (1,861,121)$��

� ��

Total�Liabilities,�deferred�inflows�of�resources,�and�Net�Position 17,150,969$�� 15,701,516$�� 1,449,453$��



June 30, 2018

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Changes in Net Position

During the current fiscal year, net position for governmental activities decreased $1,864,121 from the prior fiscal year for an ending balance of ($22,841,681). The decrease in the overall net position of governmental activities is the result of the increase in the net pension liability and related changes in deferred flows of resources. The net pension liability increase was $3,604,069 and when netted with deferred inflows-pension and deferred outflows-pension changes, totals to a net increase of $2,185,892. More about the net pension liability can be found in the notes to the financial statements under pension plan.

7KULYH� 8SVWDWH¶V total program revenues were $27,143,513. Approximately 89��RI� 7KULYH� 8SVWDWH¶V�revenue comes from the South Carolina Department of Disabilities and Special Needs (SCDDSN). Other federal and state funds for specific programs, charges for services, contributions and other income account for the remaining 11% of total revenues. The revenue for the HUD components comes from HUD Assistance payments (HAP) and tenant rent.

7KH�WRWDO�FRVW�RI�DOO�SURJUDPV�DQG�VHUYLFHV�ZDV��7KULYH�8SVWDWH¶V�H[SHQVHV�DUH�PDGH�XS�RI�costs related to operations for the individuals we serve, administrative activities, maintenance and other operating costs. In addition, Thrive Upstate had $10,447 in non-program revenues. The HUD components have expenses for Management fees, Administration and Maintenance salaries and fringes, utilities and building maintenance.

Changes�in�Net�Position�(Table�2)

June�30,�2018 June�30,�2017 Change

REVENUES 27,143,513$�� 26,155,268$�� 988,245$��

EXPENSES 29,018,081�� 27,942,978�� 1,075,103��

Change�in�Net�Position�before�Non-Program

Revenues�(expenses) (1,874,568)�� (1,787,710)�� (86,858)��

Non-Program�Revenues�(Expenses) 10,447�� 30,221�� (19,774)��

Change�in�Net�Position (1,864,121)�� (1,757,489)�� (106,632)��

Beginning�Net�Position (20,977,560)�� (19,154,803)�� (1,822,757)��

Restatement�of�Net�Position -�� (65,268)�� 65,268��

Ending�Net�Position (22,841,681)$�� (20,977,560)$�� (1,864,121)$��



June 30, 2018

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),1$1&,$/�$1$/<6,6�2)�7+5,9(�8367$7(¶6 FUNDS

Thrive Upstate uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.

Governmental Funds. 7KH� IRFXV� RI� 7KULYH�8SVWDWH¶V� JRYHUQPHQWDO� IXQGV� LV� WR�SURYLGH� LQIRUPDWLRQ� RQ�

near-term inflows, outflows, and balances of spendable resources. This information is useful for DVVHVVLQJ� 7KULYH� 8SVWDWH¶V� ILQDQFLQJ� UHTXLUHPHQWV�� 8QDVVLJQHG� IXQG� EDODQFH� PD\ serve as a useful measure of net resources available for flexible use as they represent the portion of fund balance which has not been restricted to use for a particular purpose.

$V� RI� -XQH� �� 7KULYH� 8SVWDWH¶V� JRYHUQPHQWDO� IXQGV� UHSRUWHG� IXQG� EDlances of $498,665, an increase of $752,013 from the prior fiscal year. Approximately 2.1% of this amount, $10,636, comprises WKH� XQDVVLJQHG� IXQG� EDODQFH�� ZKLFK� LV� DYDLODEOH� IRU� VSHQGLQJ� DW� 7KULYH� 8SVWDWH¶V� GLVFUHWLRQ�� 7KH�

remainder of the fund balance is Nonspendable, $41,848 and restricted for particular purposes, $446,181.

The large increase in fund balance was caused primarily by the elimination of several key positions,receipt of the PEBA credit, as well as monitoring that expenses remained in the reasonable range. Cash increased by $538,105. In addition, our liabilities decreased in several areas to include Accounts Payable, Accounts Payable-DDSN, Accrued Liabilities and Funds due to Consumers. For Accounts Payable-DDSN, Thrive Upstate is now current on cost settlements and recoupments due to DDSN. The funds due WR�&RQVXPHUV�LV�IRU�SUHYLRXV�ILVFDO�\HDU¶s room and board payback, and has been reduced by $110,572 during this fiscal year.

Proprietary Funds. Thrive Upstate does not have any proprietary funds.

Changes�in�Fund�Balance�(Table�3)

June�30,�2018

June�30,�2017,�as�

restated Change

TOTAL�ASSETS 2,553,034$�� 1,992,524$�� 560,510$��

TOTAL�LIABILITIES 2,054,369$�� 2,245,872$�� (191,503)$��

FUND�BALANCE�(DEFICIT)

Nonspendable 41,848�� 54,402�� (12,554)��

Retricted 446,181�� 410,637�� 35,544��

Unassigned 10,636�� (718,387)�� 729,023��

TOTAL�FUND�BALANCE�(DEFICIT) 498,665�� (253,348)�� 752,013��

TOTAL�LIABILITIES�AND�FUND�BALANCE�(DEFICIT) 2,553,034$�� 1,992,524$�� 560,510$��



June 30, 2018

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Fiduciary Funds. Thrive Upstate has one fiduciary fund which reflects activity of the collective account managed for individuals served by Thrive Upstate. The balance of the fiduciary fund as of June 30, 2018 was $308,845. This fund increased $79,225 from the previous fiscal year.

Budgetary Highlights

Budgets are not prepared by the HUD Corporations. Thrive Upstate does prepare an annual budget which is approved by the Board of Directors. Thrive Upstate does not make changes to the fiscal budget once it has been approved.

Budget compared to actual results. The most significant differences between estimated revenues/expenses and actual revenues/expenses were as follows:

Actual Operating Grants and Contributions exceeded budgeted by $1,061,408. Thrive Upstate received over a million dollars in funding for a pay increase for DSPs that was not budgeted which was the source of this positive variance. Under expenses, actual fringes exceeded budgeted by $2,012,691. This excess in fringes was due to the retirement expense that is associated with the GASB 68 net pension liability increase. Thrive Upstate does not budget for this in the annual budget since it is not an Operating expense. Lastly, also under expenses, capital expenses exceeded budget by $522,004. Capital expenses are comprised of depreciation and amortization expense. Thrive Upstate typically does not budget for these expenses, although we do fund for depreciation when preparing the budget.

Budget�vs.�Actual�(Table�4)

Budget Actual Variance

Revenues

Operating�Grants�and�Contributions 22,869,684$�� 23,931,092$�� 1,061,408$��

Charges�for�Services 2,508,384�� 2,450,327�� (58,057)��

Other 39,450�� 102,099�� 62,649��

Interest�Income� 150�� 3,128�� 2,978��

Total�Revenues 25,417,668�� 26,486,646�� 1,068,978��

Expenses

Salaries 14,227,151�� 14,260,008�� (32,857)��

Fringes 5,461,469�� 7,474,160�� (2,012,691)��

Contractual�Services 3,521,001�� 3,863,035�� (342,034)��

Supplies 1,458,266�� 1,420,103�� 38,163��

Fixed�Charges 777,068�� 748,495�� 28,573��

Capital -�� 522,004�� (522,004)��

Interest�Expense 5,800�� 5,323�� 477��

Total�Expenses 25,450,755�� 28,293,128�� (2,842,373)��

Non6program�revenues�(expenses)

Settlements�with�DDSN -�� (16,496)�� (16,496)��

Gain�(loss)�on�disposal�of�assets 9,500�� 24,477�� 14,977��

Surplus�(Deficit) (23,587)$�� (1,798,501)$�� (1,774,914)$��



June 30, 2018

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Management continues to evaluate the financial and operational functions of the Board to maximize revenue and resources for the benefit of those we serve. Finance Committee meetings are held with Board members, Associate Board members, and staff on a monthly basis to go over the financials and discuss other relevant topics. Retention of direct care staff has been an issue for us, as it is for other providers, and management has been working diligently to resolve this issue. We have a referral bonus program in place that rewards employees for referring direct support staff. With the state-wide increases to DSP pay, funded by SCDDSN, our direct support staff vacancies are showing signs of improvement. We have continued to update the vehicles in our aging fleet through vehicles leases and by the end of FY2022, our fleet should have only vehicles 5 years old or less.

Staff, at various levels of responsibility, are invited on a regular basis to participate in roundtable discussions with our executive director. The staff are given an opportunity to provide feedback on their work experience and to offer suggestions to improve services to the individuals that we serve. Site visits are done on a regular basis by the executive director and other staff, as well as Board members, to let those on the front lines know that they are cared about and appreciated.

The executive director and leadership team have recently developed a Strategic Plan to maximize the independence and quality of life for the individuals we service through meaningful services, opportunities and support so that they may thrive in life, work and play. The 3-5 year goals of the Strategic Plan are to transition 80% of Day Program services into community settings, transition 15 individuals into less UHVWULFWLYH� UHVLGHQWLDO� VHWWLQJV�� REWDLQ� &RXQFLO� RQ� 4XDOLW\� DQG� /HDGHUVKLS� ³%DVLF� $VVXUDQFH´� OHYHO�

accreditation, reduce turnover by 25% and develop a transportation solution for Thrive Upstate participants.

We continue to develop our PATH model for encouraging individual growth toward more community inclusion and employment opportunities so that we will be compliant with the CMS Final Rule. Our philosophy of Employment First allows every individual to be evaluated for employment opportunities, no matter what level of ability they have.

A stronger, more focused emphasis has been made toward getting our individuals actively involved in the community. For those capable of working, our team is actively pursuing competitive employment opportunities and expanding our enclave employment. For those individuals who may not be capable of gainful employment, our residential REC program networks among the residences and the day activities group of our Day Program to provide outings into the community where they actively participate in planned recreational or educational activities.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

7KULYH�8SVWDWH¶V investment in capital assets and intangible assets as of June 30, 2018, totals $7,847,599(net of accumulated depreciation and accumulated amortization). These assets include land, buildings, equipment, vehicles, furniture and fixtures, leasehold improvements, idle assets, intangibles, software, and donated property. The total decrease in capital assets for the current fiscal year was approximately 6.4%



June 30, 2018

- 11 -�

Major capital asset transactions during the year include the following additions and disposals:

Additions-Thrive Upstate:

x Compressor and fuses for Trane unit at Patrick Center totaling $30,800.

x New roof for house and shed at Cleveland CTH II totaling $9,799.

x Installed new subfloor and vinyl plank flooring at Gresham CTH II totaling $13,186.

x Installed vinyl plank flooring at Craigo Creek CTH II totaling $6,778.

x Installed vinyl plank flooring at Cherry Cove CTH II totaling $7,280.

x Rebuilt engines in two vehicles totaling $11,803.

x Purchased a forklift for contract services totaling $7,460.

x Cost shared in renovations done by SCDDSN at Parkins I and Parkins II totaling $44,300.

x Renovated #12 Winchester Court for the Nursing Department totaling $21,798.

Capital�Assets�(Table�5)

Capital�assets�consist�of�the�following:

�Balance��

June�30,�2017� Additions Removals

�Balance��

June�30,�2018�

Capital�assets�not�being�depreciated 1,108,672$�� -$�� -$�� 1,108,672$��

Capital�assets�being�depreciated

��Building�and�improvements 12,126,204�� 124,266�� (7,401)�� 12,243,069��

��Equipment 1,452,811�� 53,475�� -�� 1,506,286��

��Furniture 315,057�� 53,512�� (1,030)�� 367,539��

��Software 63,436�� -�� (1,331)�� 62,105��

��Motor�Vehicles 2,422,743�� 11,803�� (459,526)�� 1,975,020��

��Donated�Assets 9,175�� -�� -�� 9,175��

Accumulated�depreciateion� (9,232,978)�� (753,150)�� 460,470�� (9,525,658)��

Total�capital�assets,�net 8,265,120$�� (510,094)$�� (8,818)$�� 7,746,208$��

Intangible�assets,�historical�cost 162,977$�� -$�� -$�� 162,977$��

Accumulated�amoritization (41,581)�� (20,025)�� -�� (61,606)��

Total�intangible�assets,�net 121,416$�� (20,025)$�� 6$�� 101,391$��



June 30, 2018

- 12 -�

Additions-HUD:

x Multiple appliances (Washers, Dryers, Refrigerators, water heaters, heat pump, ice maker, etc.) for HUD homes $19,627

x Various furniture items (Sofas, loveseats, tables, chairs, desks, outdoor furniture) for HUD homes $12,724

x Installed new flooring and doors at several HUD homes $40,788

x Building Improvements such as Asphalt for a driveway, automatic door replacement, concrete pad, patio covers, etc. for HUD homes $13,941

x New roof for HUD home $7,185

Disposals-Thrive Upstate:

x 24 vehicles that had high mileage were replaced with leased vehicles.

x Carpet at #12 Winchester Court was replaced with vinyl plank flooring

x 0LFURVRIW�2IILFH�¶��OLFHQVHV were transferred with Case Management to the Center for Developmental Services

Long-Term Debt

As of June 30, 2018, Thrive Upstate had total debt outstanding of $2,737,686. $2,604,156 of the outstanding debt is the mortgage for 6 HUD buildings and is a HUD component. $133,530 of the outstanding debt is a mortgage on our Blue Ridge workshop��7KULYH�8SVWDWH¶V�WRWDO�GHEW�GHFUHDVHG�E\�D�

net of $77,509 (2.8%) during the past fiscal year. This decrease is from paying off a Dell lease and from paying the monthly mortgage payments on the buildings. 0RUH�GHWDLOHG�LQIRUPDWLRQ�DERXW� WKH�%RDUG¶V�

debt is presented in the notes to the financial statements.

��

Notes�Payable�(Table�6)

Notes�payable�consists�of�the�following�at�June�30,�2018:

Collateral

Monthly�

Payment Interest�Rate Maturity�Date

Balance��

June�30,�2018

Building 1,309�� 3.50% May�1,�2023 133,530��

6�Buildings 12,508�� 3.82% February�1,�2047 2,604,156��

2,737,686$��



June 30, 2018

- 13 -�

(&2120,&�)$&7256�$1'�1(;7�<($5¶6�%8'*(76�$1'�5$7(6

At the time these financial statements were prepared and audited, Thrive Upstate was aware of several circumstances that could affect its future financial health:

� Our Board of Directors are in the process of forming the Thrive Upstate Foundation. Thrive Upstate will be the beneficiary of funding from the Foundation.

� The shift to Medicaid direct billing continues to approach and will impact our revenue stream by changing from prospective billing to retrospective billing. The billing for Early Intervention will be moving to direct billed at the end of calendar year 2018. We are actively building up our cash reserves so when the time for direct billing comes, we will be prepared.

� As we continue to transition to the new system of care through the SC Statewide Transition Plan, the. CMS Final Rule affects how we look at the operations of both residential and day program services and could impact our funding.

� Our transition to conflict free Case Management took place on January 1, 2018. Case Management became part of The Center for Developmental Services beginning on that date. Although we no longer receive revenue from SCDDSN for Case Management, the loss of revenue is offset by the savings in salary, benefits and other expenses from the Case Management department.

� As of October 2016, we entered into a 3 year lease for a 24,000 square foot warehouse, Southchase,in order to contract with several new vendors to provide additional work for our individuals that could not be provided at our other workshops. However, Thrive Upstate now has the opportunity of sub-leasing this facility for the last year of our lease which would save money on lease payments and also allow us to pursue our strategic plan of getting more of our individuals competitively employed.

� :RUNHU¶V�&RPS�UDWHV�LQFUHDVHG�E\�DURXQG��GXH�WR�DQ�LQFUHDVH�LQ�RXU�PRG�IDFWRU��Thrive Upstate management continues to take all the steps necessary to minimize events that increase our mod factor.

� Beginning in August 2017, we leased 23 vehicles from Enterprise Fleet Management. These leased vehicles include cut-a-ways, mini vans, and work vans. Each fiscal year, we will add more leased vehicles until our current fleet is replaced. This should bring about cost savings in gasoline expenses and automotive repairs associated with driving newer vehicles. These newer vehicle will also be safer for our individuals and employees.

� Thrive Upstate is still working with DHEC to get WZR� RI� RXU� ,&)¶V� FRQYHUWHG� WR� &5&)¶V�� $OO�

remodeling has been completed and all required documentation has been submitted. Once converted, Thrive Upstate will see a significant savings from no longer paying bed fees and client fees



June 30, 2018

- 14 -�

CONTACTING 7+5,9(�8367$7(¶6 FINANCIAL MANAGEMENT

This financial report is designed to provide a general overview of 7KULYH� 8SVWDWH¶V finances and to demonstrate 7KULYH�8SVWDWH¶V�accountability for the money it receives. If you have questions about this report, or need additional financial information, contact Tyler Rex, Executive Director.

Thrive UpstateExecutive DirectorPost Office Box 17467Greenville, South Carolina 29606

BASIC FINANCIAL STATEMENTS

GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDSTATEMENT OF NET POSITION

As of June 30, 2018

ASSETS NoteGovernmental

Activities

Current assets

Cash and cash equivalents 2. $ 1,550,839

Accounts receivable 4. 502,374

Inventories 593

Prepaid expenses 41,255

Total current assets 2,095,061

Noncurrent assets

Restricted cash and cash equivalents 2. 446,181

Capital assets:

Land, construction in progress, and idle assets 5. 1,108,672

Other capital assets, net of accumulated depreciation 5. 6,637,536

Intangible assets, net of accumulated amortization 5. 101,391

Other assets 11,792

Total noncurrent assets 8,305,572

TOTAL ASSETS 10,400,633

DEFERRED OUTFLOWS OF RESOURCES

Deferred outflows - pension 9. 6,745,252

Deferred outflows - OPEB 10. 5,084

TOTAL DEFERRED OUTFLOWS OF RESOURCES 6,750,336

TOTAL ASSETS AND DEFERRED OUTFLOWS OF RESOURCES $ 17,150,969

See independent auditors' report and notes to financial statements which are an integral part of this statement.- 15 -

GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDSTATEMENT OF NET POSITION - CONTINUED

As of June 30, 2018

LIABILITIES

Current liabilities

Accounts payable $ 337,720

Accounts payable - SCDDSN 6. 599,680

Accrued interest 8,290

Accrued liabilities 29,206

Accrued payroll 362,320

Accrued payroll taxes and employee withholding 365,270

Unearned revenue 212,160

Due to consumers 148,013

Current portion of notes payable 8.a. 55,925

Total current liabilities 2,118,584

Noncurrent liabilities

Notes payable, net of current portion 8.a. 2,681,761

Accrued compensated absences 8.c. 379,767

Other post-employment benefits 10. 188,647

Capital advance 8.d. 2,029,700

Net pension liability 9. 32,567,725

Total noncurrent liabilities 37,847,600

TOTAL LIABILITIES 39,966,184

DEFERRED INFLOWS OF RESOURCES

Deferred inflows - pension 9. 26,466

TOTAL DEFERRED INFLOWS OF RESOURCES 26,466

NET POSITION

Net investment in capital assets 3,080,213

Restricted for restricted assets 446,181

Unrestricted (26,368,075)

TOTAL NET POSITION (22,841,681)

TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND NET POSITION $ 17,150,969


GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDSTATEMENT OF ACTIVITIES

For the Year Ended June 30, 2018

Governmental Activities

ResidentialServices

Adult DayServices

Family SupportServices

IntermediateCost Centers Other Total

EXPENSESPersonnel $ 7,338,086 $ 3,055,285 $ 821,133 $ 3,045,504 $ - $ 14,260,008Fringe benefits 4,012,434 1,440,664 440,299 1,580,763 - 7,474,160Contractual services 900,255 471,871 2,158,683 545,381 33,437 4,109,627Supplies 943,640 201,187 141,999 178,050 - 1,464,876Fixed charges 328,235 302,896 65,962 133,467 - 830,560Capital 442,839 128,709 19,014 182,613 - 773,175Allocated costs 4,439,706 603,864 229,871 (5,273,441) - -Interest expense 100,352 4,542 - 781 - 105,675

Total expenses 18,505,547 6,209,018 3,876,961 393,118 33,437 29,018,081

PROGRAM REVENUESCharges for services 1,490,568 852,834 600 249,361 - 2,593,363Operating grants and contributions 14,359,018 4,925,709 4,995,896 133,991 33,437 24,448,051Other 46,009 38,002 11,307 6,781 - 102,099

Total program revenues 15,895,595 5,816,545 5,007,803 390,133 33,437 27,143,513

Net program expense (revenue) 2,609,952 392,473 (1,130,842) 2,985 - 1,874,568

Change in net position before non-program revenues(expenses) (2,609,952) (392,473) 1,130,842 (2,985) - (1,874,568)

NON-PROGRAM REVENUES (EXPENSES)Payments from/(to) SCDDSN settlements (9,405) 15 (7,106) - - (16,496)Gain/(loss) on retirement of capital assets 16,818 1,825 5,033 (143) - 23,533Investment earnings 282 - - 3,128 - 3,410Transfers 2,536,637 390,633 (1,128,769) - (1,798,501) -

Change in net position (65,620) - - - (1,798,501) (1,864,121)

NET POSITION - BEGINNING, AS RESTATED (1,186,715) - - - (19,790,845) (20,977,560)

NET POSITION - ENDING $ (1,252,335) $ - $ - $ - $ (21,589,346) $ (22,841,681)


GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDBALANCE SHEET - ALL GOVERNMENTAL FUNDS

As of June 30, 2018

ASSETS

Note General

Cash and cash equivalents 2. $ 1,550,839Accounts receivable 4. 502,374Inventories 593Prepaid expenses 41,255Restricted cash and cash equivalents 2. 446,181Other assets 11,792

TOTAL ASSETS $ 2,553,034

LIABILITIES AND FUND BALANCE (DEFICIT)

LIABILITIES

Accounts payable $ 337,720Accounts payable - SCDDSN 6. 599,680Accrued liabilities 29,206Accrued payroll 362,320Accrued payroll taxes and employee withholding 365,270Unearned revenue 212,160Due to consumers 148,013

TOTAL LIABILITIES 2,054,369

FUND BALANCE (DEFICIT)

NonspendablePrepaid expenses 41,255Inventories 593

Restricted for restricted assets 446,181Unassigned 10,636

TOTAL FUND BALANCE (DEFICIT) 498,665

TOTAL LIABILITIES AND FUND BALANCE (DEFICIT) $ 2,553,034


GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDBALANCE SHEET - ALL GOVERNMENTAL FUNDS - CONTINUED

As of June 30, 2018

RECONCILIATION TO THE STATEMENT OF NET POSITION

Fund balance (deficit) - governmental funds $ 498,665

Amounts reported for governmental activities in the statement of net position are different because:Liabilities are not due and payable in the current period; therefore, are not reported ingovernmental funds:

Notes payable 8.a. (2,737,686)Accrued interest (8,290)Accrued compensated absences 8.c. (379,767)Other post-employment benefits 10. (188,647)Net pension liability 9. (32,567,725)Capital advance 8.d. (2,029,700)

(37,911,815)Deferred outflows and inflows are applicable to future periods and therefore are not reportedin the governmental funds:

Deferred outflows - pension 9. 6,745,252Deferred outflows - OPEB 10. 5,084Deferred inflows - pension 9. (26,466)

6,723,870Assets are capitalized, depreciated, and amortized in the statement of net position, but chargedto expenditures in governmental funds:

Land, construction in progress, and idle assets 5. 1,108,672Other capital assets, net of accumulated depreciation 5. 6,637,536Intangible assets, net of accumulated amortization 5. 101,391

7,847,599

TOTAL NET POSITION $ (22,841,681)


GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDSTATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE (DEFICIT)

ALL GOVERNMENTAL FUNDSFor the Year Ended June 30, 2018

SpecialRevenue

Funds

GeneralFund

OtherNonmajor

Funds

TotalGovernmental

Funds

REVENUES

IntergovernmentalFederal government $ - $ 585,504 $ 585,504State government - 23,650,738 23,650,738Other - 37,382 37,382

Charges for services - 1,900,157 1,900,157Interest on investments - 3,410 3,410Program income - 693,206 693,206Contributions and donations - 39,782 39,782Other - 165,611 165,611

Total revenues - 27,075,790 27,075,790

EXPENDITURESGeneral government - 33,437 33,437Residential services - 16,936,894 16,936,894Adult day program services - 5,565,072 5,565,072Family support services - 3,859,821 3,859,821Intermediate cost centers - (276,830) (276,830)Capital outlay - 243,056 243,056Debt service

Interest and fiscal charges - 34,232 34,232

Total expenditures - 26,395,682 26,395,682

Excess of revenues over (under) expenditures - 680,108 680,108



ALL GOVERNMENTAL FUNDS - CONTINUEDFor the Year Ended June 30, 2018

SpecialRevenue

Funds

GeneralFund

OtherNonmajor

Funds

TotalGovernmental

FundsOTHER FINANCING SOURCES (USES)

Settlements with grantor - (16,496) (16,496)Proceeds from disposal of assets - 32,351 32,351Insurance proceeds - 56,050 56,050Transfers 709,527 (709,527) -

Total other financing sources (uses) 709,527 (637,622) 71,905

Net change in fund balance (deficit) 709,527 42,486 752,013

FUND BALANCE (DEFICIT) - BEGINNING (586,187) 332,839 (253,348)

FUND BALANCE (DEFICIT) - ENDING $ 123,340 $ 375,325 $ 498,665



ALL GOVERNMENTAL FUNDS - CONTINUEDFor the Year Ended June 30, 2018

RECONCILIATION TO THE STATEMENT OF ACTIVITIES

Net change in fund balance (deficit) $ 752,013

Amounts reported for the governmental activities in the statement of activities are different because:

Capital asset costs are reported as expenditures in the governmental funds, but are recorded as capital asset additions on the statement of netposition. 243,056

Depreciation and amortization of capital assets is reported as an expense in the statement of activities. (773,175)

In the statement of activities, the gain or loss on the sale of assets is reported, whereas in the governmental funds only the proceeds increase thefinancial resources. Thus, the change in net position differs from the change in fund balance by the net book value of the asset disposed. (8,818)

Repayments of long-term debt are reported as expenditures in the governmental funds, but the repayments reduce liabilities in the statement of netposition. 77,509

Accrued interest expense reported in the statement of activities does not require the use of current financial resources; therefore, it is not reported asan expenditure in the governmental funds. 158

The (increase) decrease in compensated absences reported as an expense in the statement of activities does not require the use of current financialresources; therefore, it is not reported as an expenditure in the governmental funds. 40,167

Other post-employment benefit expenses reported in the statement of activities do not require the use of current financial resources and, as a result,are not reported as expenditures in the governmental funds. (18,991)

The net pension liability expenses reported in the statement of activities do not require the use of current financial resources and, as a result are notreported as expenditures in the governmental funds (2,176,040)

INCREASE (DECREASE) IN NET POSITION $ (1,864,121)


GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDSTATEMENT OF FIDUCIARY NET POSITION

FIDUCIARY FUNDAs of June 30, 2018

ASSETS

Note

Cash and cash equivalents 2. $ 308,845

TOTAL ASSETS $ 308,845

NET POSITION

Amount available for beneficiaries $ 308,845

NET POSITION AVAILABLE FOR BENEFICIARIES $ 308,845


GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDNOTES TO THE FINANCIAL STATEMENTS


1. Significant Accounting Policies

a. Nature of Business

Greenville County Disabilities and Special Needs Board dba Thrive Upstate (the "Organization") is a delegateagency for the South Carolina Department of Disabilities and Special Needs (SCDDSN). The Organization wasestablished by Greenville County Council under Section 44-20-375 in the Code of Laws of the State of SouthCarolina, as amended, to develop, provide and improve community services for individuals with intellectualdisabilities and others with disabilities and special needs, including autism and head and spinal cord injuries.The Organization is qualified to receive funding through its various contracts with the South CarolinaDepartment of Disabilities and Special Needs due to the Organization being a delegate agency of SCDDSN.The Organization also receives funding for its programs from fees charged to individuals served and variousother sources.

The Organization’s financial statements are prepared in accordance with generally accepted accountingprinciples (GAAP). The Governmental Accounting Standards Board (GASB) is responsible for establishingGAAP for state and local governments through its pronouncements as well as the FASB Codification unless itis inconsistent with GASB pronouncements.

These government-wide financial statements are prepared in accordance with GASB Statement No. 34, BasicFinancial Statements – and Management’s Discussion and Analysis for State and Local Governments and No. 37 BasicFinancial Statements and Management’s Discussion and Analysis for State and Local Governments: Omnibus. Theprimary impact of using these Statements involves the presentation of the government-wide financialstatements on an accrual basis of accounting and the inclusion of a statement of activities, which demonstratesthe degree to which the direct expenses of the Organization’s programs are offset by program revenues, andthe inclusion of the management’s discussion and analysis.

The Organization's significant accounting policies are as follows:

b. Reporting Entity

The Organization is identified herein as the primary government. As required by GAAP, the financialreporting entity includes both the primary entity and all of its component units. The Organization hasdetermined that it has four component units.

The reporting entity consists of the following interrelated entities:A) Greenville County Disabilities and Special Needs Board - the political subdivisionB) The following 501(c)(3) corporations operating primarily to facilitate the construction and

operation of housing funded by the U.S. Department of Housing and Urban Development (HUD)revenue (blended – financially accountable):1) Ayres Housing, Inc.2) Browning Development, Inc.3) GA Properties, Inc.4) Stone Development, Inc.

The Organization is financially accountable if it appoints a majority of a component unit's governing body(accountability), and if it either has the ability to impose its will on the component unit or the financial benefitor burden consideration exists; i.e., there is a potential for the component unit to provide certain financialbenefits to, or impose certain financial burdens on, the primary government.

Continued- 24 -

GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDNOTES TO THE FINANCIAL STATEMENTS - CONTINUED


1. Significant Accounting Policies, Continued

b. Reporting Entity, Continued

The primary government can impose its will on a component unit if:1) It can affect the day-to-day operations by influencing programs, projects, activities, and

level of services of the unit. 2) It has the ability with respect to the component unit to remove appointed members of the

governing board at will.3) It can modify or approve the component unit's budget.4) It can modify or approve the component unit's rates or fee charges.5) It can veto, overrule, or modify the decisions of the component unit's governing body.6) It can appoint, hire, reassign, or dismiss the managers responsible for the day-to-day

operations of the component unit.

A financial benefit or burden exists if the primary government is entitled to the Organization's resources; islegally obligated to or has otherwise assumed the obligation to finance the deficits of, or provide financialsupport to, the component unit; or is obligated in some manner for the debt of the component unit.

The Organization's inclusion of the entities listed above is a result of financial accountability.

The Organization’s inclusion of these entities as component units is done for the purpose of communicatinginformation about its component units as required by GAAP, and the entity’s relationship with theOrganization. It is not intended to create the perception that the Organization and these entities are one legalentity. The Organization does not have legal or financial responsibility for these entities.

The sole purpose of these entities is to promote and facilitate the objectives of the Organization. For thosecomponent units that are so closely related to the primary government that they are, in effect, the same as theprimary government, GAAP requires that the blending method be used. For example, if the units provideservices or benefits exclusively, or almost exclusively, to the primary government, or if the component unitsand the primary government have "substantially identical boards," the legally separate component unitsshould be incorporated by blending. Blending means that the component unit's financial data is reported asthough the unit is part of the primary government. No funds, however, should be blended with the generalfund of the primary government. Instead, the separate general funds of the component unit should bereclassified as special revenue funds, and their data should be blended with the data from other specialrevenue funds. As a result, the primary government contains the financial data of each of the component units.

A complete copy of the component units' financial statements can be obtained from:

Greenville County Disabilities and Special Needs Board dba Thrive Upstate1700 Ridge RoadGreenville, South Carolina 29607Attention: Finance Director

A Board of Directors appointed by the Governor of South Carolina governs the Organization.

Continued- 25 -




c. Basic Financial Statements

The Organization’s basic financial statements include both government-wide (reporting the non-fiduciaryactivities of the Organization as a whole) and fund financial statements (reporting the Organization’s majorfunds). Both the government-wide and fund financial statements categorize primary activities as eithergovernmental or business-type. All of the Organization’s programs are classified as governmental activities.The Organization has no business-type activities. The Organization accounts for funds owned by consumersserved by the Organization, but managed by the finance staff in a collective account within a fiduciary fund.This fund has a separately stated statement of net position.

d. Government-wide Financial Statements

In the government-wide statement of net position, the governmental activities column (a) is presented on aconsolidated basis by column, (b) is reported on a full accrual, economic resource basis, which recognizes alllong-term assets and receivables as well as long-term debt and obligations, and (c) does not include anyfiduciary funds. The Organization’s net position is reported in three parts - net investment in capital assets,restricted, and unrestricted.

The government-wide statement of activities reports both the gross and net cost of each of the Organization’sfunctions. The functions are also supported by general government revenues. The statement of activitiesreduces gross expenses (including depreciation) by related program revenues, operating and capital grants.Program revenues must be directly associated with the function (Residential Services, Adult Day Services,Family Support Services, Intermediate Cost Centers, and Other). Operating grants include operating-specificand discretionary (either operating or capital) grants while the capital grants row reflects capital-specificgrants.

The net costs (by function) are normally covered by general revenue (grant revenues, intergovernmentalrevenues, interest income, etc.).

This government-wide focus is more on the sustainability of the Organization as an entity and the change inthe Organization’s net position resulting from the current year’s activities. The supplementary schedulesrequired by SCDDSN are prepared utilizing this method.

Continued- 26 -




e. Fund Financial Statements

The financial transactions of the Organization are reported in individual funds in the fund financial statements.Each fund is accounted for by providing a separate set of accounts that comprises its revenues andexpenditures. The various funds are reported by generic classification within the financial statements.

The emphasis in fund financial statements is on the major funds in the governmental category. The major fundfor the Organization is the general fund. GASB sets forth minimum criteria (percentage of the assets, liabilities,revenues, or expenditures of either fund category or the governmental and enterprise combined) for thedetermination of major funds. The non-major funds are combined in a column in the fund financial statements.

The following fund types are used by the Organization:

1) Governmental FundsThe focus of the governmental funds’ measurement (in the fund statements) is upon determination offinancial position and changes in financial position (sources, uses, and balances of financial resources)rather than upon net income. The following is a description of the governmental funds of theOrganization:

General FundAll financial transactions not properly accounted for in another fund are recorded in the generalfund. All assets, liabilities, and fund balances are reported within the general fund.

Special Revenue FundMonies appropriated or granted for special purposes are recorded in the special revenue fund.Uses and limitations are specified by the authority appropriating or granting the monies. Allassets, liabilities, and fund balances are reported within the general fund. These items are notaccounted for by fund by the Organization in accordance with South Carolina Department ofDisabilities and Special Needs industry practice.

2) Fiduciary FundThe focus of the fiduciary funds' measurement (in the fund statements) is to demonstrate theOrganization’s accountability and compliance with legal and contractual requirements. Each activityuses a separate fund for accounting and reporting purposes because operating characteristics aredistinctly different and there are legal requirements to segregate the funds. This fund reflects assets thatare held in trust for others and that are not available for support of the Organization's own programs.

The Organization maintains one agency fund to account for assets held by the Organization in a trusteecapacity for individuals. Agency funds are custodial in nature (assets equal liabilities), do not involvemeasurement of results of operations, and consist of funds managed by the Organization in a collectiveaccount held for the benefit of individuals served in its residential programs.

Continued- 27 -




f. Basis of Accounting

Basis of accounting refers to the point at which revenues or expenditures (expenses) are recognized in theaccounts and reported in the financial statements. It relates to the timing of the measurements made regardlessof the measurement focus applied.

1) AccrualGovernmental activities in the government-wide financial statements and the fiduciary fund, ifapplicable, are presented using the economic resources measurement focus and on the accrual basis ofaccounting. As a general rule, revenues are recognized when earned and expenses are recorded when aliability is incurred, regardless of the timing of related cash flows. Grants and similar items arerecognized as revenue as soon as all eligibility requirements, imposed by the grantor, have been met.

2) Modified AccrualThe governmental funds financial statements are presented using the current financial resourcesmeasurement focus and on the modified accrual basis of accounting. Under the modified accrual basis ofaccounting, revenues are recorded when susceptible to accrual; i.e., both measurable and available.“Available” means collectible within the current period or within 60 days after year-end. Expendituresare generally recognized under the modified accrual basis of accounting when the related liability isincurred. The exception to this general rule is that principal and interest on general obligation long-termdebt, if any, is recognized when due.

The Organization has implemented the following GASB pronouncements:

1) GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions,effective for periods beginning after June 15, 2017, replaces the requirements of GASB Statement No. 45,Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions. Among otherthings, GASB Statement No. 75 requires governments to report a liability on the face of the financial statementsfor the other postemployment benefits ("OPEB") that they provide and requires governments in all types ofOPEB plans to present more extensive note disclosures and required supplementary information about theirOPEB liabilities. Implementation of this statement had a material effect on the financial statements of theOrganization.

2) GASB Statement No. 85, Omnibus 2017, effective for periods beginning after June 15, 2017, addresses issueswith the implementation of certain GASB statements, including pensions, other postemployment benefits, andblended component units. Implementation of this statement did not have a material effect on the financialstatements of the Organization.

g. Cash and Cash Equivalents

The Organization has defined cash and cash equivalents to include cash on hand and demand deposits. Allhighly liquid investments with an initial maturity of three months or less at the date of purchase are consideredto be cash equivalents. Custodial credit risk is the risk that, in the event of a bank failure, the Organization'sdeposits may not be returned to it. The Organization has no formal policy related to custodial credit risk.

Continued- 28 -




h. Investments

The primary government may invest money subject to their control and jurisdiction in:

1) Obligations of the United States and its agencies, the principal and interest of which is fully guaranteedby the United States.

2) Obligations issued by the Federal Financing Bank, Federal Farm Credit Bank, the Bank ofCooperatives, the Federal Intermediate Credit Bank, the Federal Land Banks, the Federal Home LoanBanks, the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association, theGovernment National Mortgage Association, the Federal Housing Administration, and the FarmersHome Administration, if, at the time of investment, the obligor has a long-term, unenhanced, unsecureddebt rating in one of the top two ratings categories, without regard to a refinement or gradation of ratingcategory by numerical modifier or otherwise, issued by at least two nationally recognized credit ratingorganizations.

3) (1) General obligations of the State of South Carolina or any of its political units; or (2) revenueobligations of the State of South Carolina or its political units, if at the time of investment, the obligor hasa long-term, unenhanced, unsecured debt rating in one of the top two ratings categories, without regardto a refinement or gradation of rating category by numerical modifier or otherwise, issued by at leasttwo nationally recognized credit rating organizations.

4) Savings & Loan Associations to the extent that they are insured by a federal government agency.

5) Certificates of deposit where the certificates are collaterally secured by securities of the type described in(1) and (2) above held by a third party as escrow agent or custodian, of a market value not less than theamount of the certificates of deposit so secured, including interest; provided, however, such collateralshall not be required to the extent the same are insured by a federal agency.

6) Repurchase agreements when collateralized by securities as set forth in this section.

7) No-load open-end or closed-end management type investment companies or investment trustsregistered under the Investment Company Act of 1940, as amended, where the investment is made by abank or trust company or savings and loan association or other financial institution when acting astrustee or agent for a bond or other debt issue of that local government unit, political subdivision, orcounty treasurer if the particular portfolio of the investment company or investment trust in which theinvestment is made (i) is limited to obligations described in items (1), (2), (3), and (6) of this subsection,and (ii) has among its objectives the attempt to maintain a constant net asset value of one dollar pershare and values its assets by the amortized cost method.

Continued- 29 -




h. Investments, Continued

8) A political subdivision receiving Medicaid funds appropriated by the General Assembly in the annualgeneral appropriations act may utilize appropriated funds and other monies generated by hospitaloperations to participate in principal protected investments in the form of notes, bonds, guaranteedinvestment contracts, debentures, or other contracts issued by a bank chartered in the United States oragency of a bank if chartered in the United States, financial institution, insurance company, or otherentity which provides for full principal payment at the end of a contract term not to exceed twelve yearsif the issuer has received a rating in one of three highest general rating categories issued by no fewerthan two nationally recognized credit rating organizations. No more than forty percent of theappropriated funds and other monies generated by hospital operations may be invested in the mannerprovided in this item. Revenue realized pursuant to these investments must be expended on health careservices.

The blended component units are permitted to invest reserve for replacement funds in excess of FDIC limits inUnited States government-backed securities and to hold excess funds in institutions under the control of, andwhose deposits are insured by, the Federal Deposit Insurance Corporation, National Credit Union Association,or other United States government insurance corporations.

The South Carolina Local Government Investment Pool ("the Pool") investments are invested with the SouthCarolina State Treasurer's Office, which established the Pool pursuant to Section 6-6-10 of the South CarolinaCode. The Pool is an investment trust fund, in which public monies in excess of current needs, which are underthe custody of any governing body of a political subdivision of the State, may be deposited. In accordance withGAAP, investments are carried at fair value determined annually based upon quoted market prices foridentical or similar investments. The total fair value of the Pool is apportioned to the entities with fundsinvested on an equal basis for each share owned, which are acquired at a cost of $1. Funds may be depositedby Pool participants at any time and may be withdrawn upon 24 hours' notice. Financial statements for thePool may be obtained by writing the Office of State Treasurer, Local Government Investment Pool, Post OfficeBox 11778, Columbia, South Carolina 29211-1950. Investment balances were covered by collateral held by thefinancial institution in the Organization's name.

Interest Rate RiskThe Organization does not have a formal investment policy that limits investment maturities as a means ofmanaging its exposure to fair value losses arising from increasing interest rates.

Credit RiskThe Organization does not have a policy regarding credit risk. State law limits investments of the primarygovernment as noted above. The blended component units have separate limitations on allowable investmentsas noted above.

Concentration of Credit RiskThe Organization does not have a policy regarding diversification among issuers and types of investments toavoid over-concentration in specific issuers or sectors.

Continued- 30 -




h. Investments, Continued

Custodial Credit RiskFor an investment, the custodial credit risk is the risk that, in the event of the failure of the counterparty, theOrganization will not be able to recover the value of its investments or collateral securities that are in thepossession of an outside party. The Organization has no formal policy on custodial credit risk.

i. Receivables and Allowance for Doubtful Accounts

Accounts receivables are stated net of their allowance for uncollectible amounts. Receivables in governmentalfunds include revenue accruals that are recognized when they become measurable and available as previouslydefined.

j. Short-term Interfund Receivables/Payables

During the course of operations, numerous transactions occur between individual funds for goods provided orservices rendered. These receivables and payables, if any, are classified as “due from other funds” or “due toother funds” on the balance sheet. Short-term interfund loans, if any, are classified as “interfundreceivables/payables.”

k. Inventory

Items on hand, such as maintenance, operating, and office supplies, that are not considered to be material inamount and are not inventoried as assets are charged to operations in the period purchased.

l. Capital Assets

Capitalized assets include land, improvements to land, buildings, building improvements, vehicles,equipment, furniture, and all other tangible or intangible assets that are used in operations and have initialuseful lives extending beyond a single reporting period. Capital assets also include assets purchased with grantfunds in which the grantor retains a reversionary interest. Capital assets are recorded at cost at the date ofacquisition or fair market value at the date of donation in the case of a gift. The Organization capitalizesadditions, renovations, and other improvements which provide new uses or extend the useful life of anexisting capital asset. Routine repairs and maintenance are charged to operations in the year in which theexpense is incurred. Depreciation is computed using the straight-line method over the estimated useful lives ofthe assets. Depreciation is taken in the year the asset is placed in service and in the year of disposition based onactual days in service. The Organization capitalizes assets costing $5,000 or more.

The regulatory agreement between HUD and each of the Organization's component units also prohibits,without prior written approval from HUD, the Organization from remodeling, adding to, subtracting from,constructing, reconstructing, or demolishing any part of the mortgaged property, except as required by HUDand except that the Organization may, without prior written approval from HUD, dispose of obsolete ordeteriorated fixtures or personalty if the same are replaced with like items of the same or greater quality orvalue and make minor alterations that do not impair the security.

Continued- 31 -




l. Capital Assets, Continued

A summary of the Organization’s useful lives by asset category is as follows:

Depreciable asset Life

Land, idle assets, and construction in progressLeasehold improvements

Nondepreciable10 - 30 years

Buildings and improvements 10 - 40 yearsFurniture and equipment 3 - 25 yearsMotor vehicles 4 - 8 yearsIntangible assets 3 - 15 years

The Organization utilizes lives outlined in the "Estimated Useful Lives of Depreciable Hospital Assets" issuedby the American Hospital Association.

m. Long-Lived Assets

If circumstances require a long-lived asset be tested for possible impairment, the Organization firstcompares undiscounted cash flows expected to be generated by an asset to the carrying value of the asset. Ifthe carrying value of the long-lived asset is not recoverable on an undiscounted cash flow basis, an impairmentloss is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined throughvarious valuation techniques including discounted cash flow models, quoted market values and third-partyindependent appraisals, as considered necessary.

n. Restricted Assets

Restricted assets consist of cash restricted for the HUD programs and for donor imposed time and userestrictions. See note 2.

o. Deferred Outflows/Inflows of Resources

In addition to assets, the statement of net position will sometimes report a separate section for deferredoutflows of resources. This separate financial statement element, deferred outflows of resources, represents aconsumption of net position that applies to a future period and so will not be recognized as an expense orexpenditure until then. The Organization has two items that meet this criterion-- pension-related deferrals andOPEB-related deferrals. In addition to liabilities, the statement of net position can also report a separate sectionfor deferred inflows of resources. This separate financial statement element, deferred inflows of resources,represents an acquisition of net position that applies to a future period and so will not be recognized asrevenue until then. The Organization has one item that meets this criterion-- pension-related deferrals.

Continued- 32 -




p. Unearned Revenue

In the government-wide financial statements and in the governmental fund types in the fund financialstatements, certain assets are recognized in connection with a transaction before the earnings process iscomplete. These assets are generally offset by a corresponding liability referred to as unearned revenue.Unearned revenue, in the government-wide statements and governmental fund financial statements, isrepresented by various deposits on contracts and by prepayments on contracts by third parties. Thegovernment-wide financial statements report certain assets that are not yet available to finance expendituresfor the current fiscal period and are classified as deferred inflows commonly known as unavailable revenue.

q. Notes Payable

The accounting treatment for notes payable activities depends on whether they are reported in thegovernment-wide or fund financial statements. All notes payable to be repaid from the Organization'sresources are reported as liabilities in the government-wide statements. They are not reported as liabilities inthe fund financial statements. Debt proceeds are reported as other financing sources and payment of principaland interest is reported as an expenditure.

Interest expense is reported as a direct function expense in the statement of activities since the borrowing wasessential to the creation or continuing existence of the applicable function. Excluding the cost of the borrowingwould significantly understate direct program expense.

r. Capital Leases Payable

Leases that substantially transfer all of the risks and benefits of ownership are accounted for as capital leases.Capital leases are included in capital assets and, where appropriate, are amortized over their estimatedeconomic life. The related capital lease obligations are included in long-term liabilities.

s. Compensated Absences

Compensated absences are absences for which employees will be paid, such as vacation and unused holidays.A liability for compensated absences that are attributable to services already rendered and that are notcontingent on a specific event that is outside the control of the government and its employees is accrued asemployees earn the rights to the benefits. Compensated absences that relate to future services or that arecontingent on a specific event that is outside the control of the government and its employees are accounted forin the period in which such services are rendered or such events take place. The noncurrent portion of earnedcompensated absences for governmental funds is maintained separately and represents a reconciling itembetween the fund and government-wide presentations.

The Organization's employees have historically only used the current year's accrued leave as it is earned andhave not used accumulated balances from prior years. The Organization's policy is that employees use currentyear accruals before using any prior year accumulated balances. As a result, reporting of a current portion ofthe long-term liability is not considered appropriate.

Continued- 33 -




t. Postemployment Benefits Other Than Pensions (OPEB)

For purposes of measuring the Organization's OPEB liability, deferred outflows of resources and deferredinflows of resources related to OPEB, and OPEB expense, information about the fiduciary net position of theOPEB Plan and additions to/deductions from the Plan's fiduciary net position have been determined based onan actuarial valuation. For this purpose, the Plan recognizes benefit payments when due and payable inaccordance with the benefit terms. There are no plan assets set aside to meet OPEB obligations. TheOrganization is on a pay-as-you-go basis.

u. Pensions

For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows ofresources related to pensions, and pension expense, information about the fiduciary net position of the SouthCarolina Retirement System (SCRS) and the South Carolina Police Officers Retirement System (PORS) andadditions to/deductions from SCRS's and Police Officers Retirement System fiduciary net position have beendetermined on the same basis as they are reported by SCRS or PORS. For this purpose, benefit payments(including refunds of employee contributions) are recognized when due and payable in accordance with thebenefit terms. Investments are reported at fair value.

v. Governmental Fund Balances

Fund balance is divided into five classifications based primarily on the extent to which the Organization isbound to observe constraints imposed upon the use of the resources in the applicable governmental fund. Theclassifications are as follows:

1) NonspendableThe nonspendable fund balance category includes amounts that cannot be spent because they are not inspendable form (e.g., inventories and prepaid amounts), or are legally or contractually required to bemaintained intact.

2) RestrictedFund balance is reported as restricted when constraints placed on the use of resources are eitherexternally imposed by creditors (such as through debt covenants), grantors, contributors, laws, orregulations of other governments or imposed by law through constitutional provisions or enablinglegislation. Enabling legislation authorizes the Organization to assess, levy, charge, or otherwisemandate payment of resources (from external resource providers) and includes a legally enforceablerequirement that those resources be used only for the specific purposes stipulated in the legislation.Legal enforceability means that the Organization can be compelled by an external party such as citizens,public interest groups, or the judiciary to use resources created by enabling legislation only for thepurposes specified by the legislation.

Continued- 34 -




v. Governmental Fund Balances, Continued

3) CommittedThe committed fund balance classification includes amounts that can be used only for the specificpurposes imposed by formal action of the Board of Directors. Those committed amounts cannot be usedfor any other purpose unless the Board of Directors removes or changes the specified use by taking thesame type of action it employed to commit those amounts previously. In contrast to fund balance that isrestricted by enabling legislation, committed fund balance classification may be redeployed for otherpurposes with appropriate due process. Constraints imposed on the use of committed amounts areimposed by the Board of Directors separate from the authorization to raise the underlying revenue;therefore, compliance with these constraints is not considered to be legally enforceable. Committed fundbalance also incorporates contractual obligations to the extent that existing resources in the fund havebeen specifically committed for use in satisfying those contractual requirements.

4) AssignedAmounts in the assigned fund balance classification are intended to be used by the Organization forspecific purposes but do not meet the criteria to be classified as restricted or committed. In governmentalfunds other than the general fund, assigned fund balance represents the remaining amount that is notrestricted or committed. In the general fund, assigned amounts represent intended uses established bythe Board of Directors or by an Organization official or body to which the Board of Directors hasdelegated the authority to assign amounts to be used for specific purposes.

5) UnassignedUnassigned fund balance is the residual classification for the general fund and includes all spendableamounts not contained in the other classifications. In other governmental funds, the unassignedclassification is used only to report a deficit fund balance resulting from overspending for specificpurposes for which amounts had been restricted, committed, or assigned.

The Organization applies restricted resources first when expenditures are incurred for purposes for whicheither restricted or unrestricted (committed, assigned, and unassigned) amounts are available. Similarly, withinunrestricted fund balance, committed amounts are reduced first followed by assigned and then unassignedamounts when expenditures are incurred for purposes for which amounts in any of the unrestricted fundbalance classifications could be used.

w. Net Position

Net position is classified and presented in three components:

1) Net Investment in Capital AssetsConsists of capital assets including restricted capital assets, net of accumulated depreciation andamortization, and reduced by the outstanding balances of any mortgages, notes payable, or otherborrowings that are attributable to the acquisitions, construction, or improvement of those assets.

2) RestrictedConsists of assets with constraints placed on the use either by (1) external groups such as creditors,grantors, contributors, or laws or regulations of other governments; or (2) law through constitutionalprovisions or enabling legislation.

Continued- 35 -




w. Net Position, Continued

3) UnrestrictedAll other assets that do not meet the definition of “restricted” or “net investment in capital assets.”

When both restricted and unrestricted resources are available for use, it is the Organization’s policy to userestricted resources first, then unrestricted resources as they are needed.

x. Revenues - Exchange and Nonexchange Transactions

Revenues resulting from exchange transactions, in which each party gives and receives essentially equal value,are recorded on the accrual basis of accounting when the exchange takes place. On a modified accrual basis,revenues are recorded in the fiscal year in which the resources are measurable and become available. Availablemeans that the resources will be collected within the current fiscal year or are expected to be collected soonenough thereafter to be used to pay liabilities of the current fiscal year. For the Organization, available meansexpected to be received within one year of the fiscal year end.

Nonexchange transactions, in which the Organization receives value without directly giving value in return,include grants and donations. On an accrual basis, revenue from grants and donations is recognized in thefiscal year in which all eligibility requirements have been satisfied. Eligibility requirements include timingrequirements, which specify the year when the resources are required to be used or the fiscal year when use isfirst permitted; matching requirements, in which the Organization must provide local resources to be used fora specific purpose; and expenditure requirements, in which resources are provided to the Organization on areimbursement basis. On a modified accrual basis, revenue from nonexchange transactions must be availablebefore it can be recognized.

y. Expenditures (Expenses)

Expenditures (expenses) are recognized when the related fund liability is incurred. Inventory costs arereported in the period when inventory items are used rather than in the period purchased.

z. Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in theUnited States of America requires management to make estimates and assumptions that affect certain reportedamounts and disclosures. Accordingly, actual results could differ from those estimates.

aa. Donated Goods and Services

Donated materials and equipment are reflected as contributions at their estimated value at date of receipt. Noamounts have been reflected for donated services since no objective basis is available to measure the value ofsuch services. Nevertheless, a number of volunteers have given significant amounts of their time to theOrganization’s programs and management.

Continued- 36 -




ab. Total Columns on Combined Statements

Total columns on the combined statements are captioned “memorandum only” to indicate that they arepresented only to facilitate financial analysis. Data in these columns do not present financial position results ofoperations in conformity with GAAP. Neither is such data comparable to a consolidation. Interfundeliminations have not been made in the aggregation of this data.

ac. Consumers' Personal Funds

Personal funds of consumers are maintained in a separate bank account for each consumer in the consumer’sname or in a collective account depending on the residential program in which they are served. The separateaccounts are not included in the Organization’s financial statements. Certain employees of the Organizationare designated to help the consumers manage their money. One employee of the Organization and theconsumer must sign any check in order for money to be disbursed from the consumer’s account.

ad. Indirect Costs

The Organization allocates administrative costs based on formulas approved by the South CarolinaDepartment of Disabilities and Special Needs. The full-cost allocation approach is used to fully allocate indirectcosts to non-intermediate cost functions. Indirect costs are shown as a separate row in the financial statements.Expenses of the intermediate cost pools are reported as direct expenses in each intermediate cost pool. Theseamounts are then are fully allocated to other cost pools and reported in these pools as allocated indirectexpense. The intermediate cost pools report an offset to expense in each intermediate cost pool. The amountsallocated for the reporting entity are eliminated in the financial statements. Since amounts are allocated basedon the full accrual, economic resource basis, the fund financial statements reflect indirect cost eliminations thatmay not result in full elimination of indirect costs allocated.

ae. Interfund Activity

Interfund activity is reported as either loans, services provided, reimbursements, or transfers. Loans arereported as interfund receivables and payables as appropriate and are subject to elimination uponconsolidation. Services provided, deemed to be at market or near market rates, are treated as revenues andexpenditures/expenses. Reimbursements are when one fund incurs a cost, charges the appropriate benefitingfund, and reduces its related cost as a reimbursement. All other interfund transactions are treated as transfers.

af. Financial Instruments

U.S. GAAP requires disclosure of fair value information about financial instruments, whether or notrecognized in the balance sheet, for which it is practicable to estimate fair value. The carrying amount of cash,receivables, accrued expenses, payables, and general long-term debt approximates fair value.

Continued- 37 -



2. Deposits and Investments

Cash consists of bank checking accounts and petty cash. At year-end, the carrying amount of the Organization’scash and cash equivalents was $1,997,020 and the bank balance was $2,253,228. Federal depository insuranceprovides for insurance on deposits up to the maximum level of $250,000 for each depositor. Cash accounts of thenon-profit component units are insured for all funds up to $250,000 for the combined amount of all accounts.

The Organization’s cash balances are categorized as either (1) insured or collateralized with securities held by theOrganization or by its agent in the Organization’s name, (2) collateralized with securities held by the pledgingfinancial institution’s trust department or agent in the Organization’s name, or (3) uncollateralized as follows atJune 30, 2018:

Category Carrying

1 2 3 Amount

Cash and Cash Equivalents - Unrestricted $ 832,714 $ 974,333 $ - $ 1,550,839Cash and Cash Equivalents - Restricted 365,927 - 80,254 446,181

$ 1,198,641 $ 974,333 $ 80,254 $ 1,997,020

Category Carrying

1 2 3 Amount

Fiduciary Fund $ 250,000 $ 88,546 $ - $ 308,845

Cash and investments at June 30, 2018 are summarized as follows:

Total investments $ 502,335

Total cash 1,803,530

$ 2,305,865

Cash and investments reconcile to the statements of net position and fiduciary net position as follows:

Cash and cash equivalents $ 1,550,839

Restricted cash and cash equivalents 446,181

Cash in agency funds 308,845

$ 2,305,865

Continued- 38 -



3. Local Government Investment Pool (LGIP)

The Organization has certain funds invested within the South Carolina State Treasurer's Office which establishedthe South Carolina Local Government Investment Pool (the "Pool") pursuant to Section 6-6-10 of the South CarolinaCode. The Pool is an investment trust fund, in which public monies in excess of current needs which are under thecustody of any governing body of a political subdivision of the State may be deposited. The Pool is a 2a 7-like poolwhich is not registered with the Securities and Exchange Commission (SEC) as an investment company, but has apolicy that it will operate in a manner consistent with the SEC's Rule 2a 7 of the Investment Company Act of 1940.In accordance with Governmental Accounting Standards Board Statement No. 31, "Accounting and FinancialReporting for Certain Investments and for External Investment Pools", investments are carried at fair valuedetermined annually based upon quoted market prices. The total fair value of the Pool is apportioned to the entitieswith funds invested on an equal basis for each share owned, which are acquired at a cost of $1.00. Separatefinancial statements can be requested from the South Carolina Office of the State Treasurer at the Wade HamptonOffice Building, 1200 Senate Street, Columbia, South Carolina, 29201.

4. Accounts Receivable

Accounts receivable at June 30, 2018 consist of the following:

South Carolina Department of Disabilities and Special Needs $ 292,809Third-party adult day services 18,204Housing and Urban Development 2,329Consumer fees 109,457South Carolina Department of Health and Human Services 16,784Work activity and other 92,791Less: allowance for doubtful accounts (30,000)

Total $ 502,374

Continued- 39 -



5. Capital Assets

Capital assets consist of the following:

BeginningBalance Additions Removals

EndingBalance

Capital assets not being depreciatedLand $ 740,418 $ - $ - $ 740,418Donated land 40,755 - - 40,755Idle assets 327,499 - - 327,499

Total capital assets not beingdepreciated 1,108,672 - - 1,108,672

Capital assets being depreciatedBuildings and improvements 12,126,204 124,266 (7,401) 12,243,069Equipment 1,452,811 53,475 - 1,506,286Furniture 315,057 53,512 (1,030) 367,539Software 63,436 - (1,331) 62,105Motor vehicles 2,422,743 11,803 (459,526) 1,975,020Donated vehicles 3,500 - - 3,500Donated software 895 - - 895Donated furniture 150 - - 150Donated improvements 4,630 - - 4,630

Total capital assets being depreciated 16,389,426 243,056 (469,288) 16,163,194

Accumulated depreciation (9,232,978) (753,150) 460,470 (9,525,658)

Total capital assets being depreciated,net 7,156,448 (510,094) (8,818) 6,637,536

Total capital assets, net $ 8,265,120 $ (510,094) $ (8,818) $ 7,746,208

Intangible assets, historical costsIntangibles $ 162,997 $ - $ - $ 162,997

Total intangible assets, historical costs 162,997 - - 162,997

Accumulated amortization (41,581) (20,025) - (61,606)

Total intangible assets, net $ 121,416 $ (20,025) $ - $ 101,391

Depreciation and amortization expense for the year ended June 30, 2018 is $773,175. Depreciation and amortizationexpense was charged to functions/programs as follows:

Governmental ActivitiesResidential services $ 442,839Adult day services 128,709Family support services 19,014Intermediate cost centers 182,613

Total depreciation and amortization - governmental activities $ 773,175

Continued- 40 -



5. Capital Assets, Continued

Component unit capital assets are included in above detail. The capital assets net of accumulated depreciation andamortization for the component units were $3,014,486 as of June 30, 2018.

6. Due to SCDDSN

The Organization is subject to various types of cost settlements, contract amendments, and recoupments based onSCDDSN contract requirements. This amount consists of the following as of June 30, 2018:

Current Year Prior Years Total

Capitated Amendments $ - $ 38,057 $ 38,057Daycare - 8,747 8,747Early Intervention 485 - 485Enoree Circle - 95,336 95,336Family Supports 16,003 119,820 135,823HASCI Center - 16,968 16,968Hollis Attendance Payback - 112,359 112,359ICF/ID Care and Maintenance 3,929 54,736 58,665In-home Supports Recoupment 124,304 - 124,304Rehab Supports - 55,647 55,647Repayments on balance due to DDSN - (416,398) (416,398)Respite - 7,769 7,769Respite - Regional Payroll Advances 213,879 - 213,879State Funded Community Supports 119,655 - 119,655Summer Services - 19,556 19,556Supervised Living Program I - 8,747 8,747Other Miscellaneous Amounts Payable - 81 81

Total $ 478,255 $ 121,425 $ 599,680

The South Carolina Department of Disabilities and Special Needs has established the accounting for certain itemsthat results in items being reflected on a cash basis of accounting instead of accounting for these items based on thetiming of the underlying service provision. Under the Intellectual Disability and Related Disabilities Program andthe Community Supports Waiver Program, certain Medicaid services are direct billed to the South CarolinaDepartment of Health and Human Services and are ultimately recouped from the Organization. These services canbe recouped possibly up to two years after the service was actually rendered. The Organization has no ability toaccount for these services being provided and only knows of the services once these funds are recouped from them.As a result, the Organization records these amounts as they are recouped.

Continued- 41 -



6. Due to SCDDSN, Continued

The South Carolina Department of Disabilities and Special Needs modified the settlement requirements related totheir funding of grants. The capitated grants expense requirement was lowered from 98% to 90% and the maximumcumulative surplus permitted was increased from two months to three months of operational expenses. They retainthe right to recoup funds to "make them whole" according to the contracts with them. The contract states "Providersmust expend for capitated services a minimum of ninety percent of total revenues received from all sources forservices covered by this Contract. DDSN may recoup unexpended funds paid to the Provider if the ninety percentexpenditure level is not maintained. This will generally occur at year-end reconciliation. This Contract's funding isrecognized as the last dollars spent. Providers may maintain a maximum total reserve of three months' operatingexpenditures. The three months' reserve may change at the discretion of DDSN in order to ensure DDSN's financialsolvency. For purposes of this provision, operating expenditures include expenditures of all Provider programs andactivities related to DDSN service delivery system. The Provider shall identify and document expenditures forprograms and activities not related to the DDSN service delivery system. Provider shall not withhold services inorder to generate funds to be carried forward. DDSN may recoup funds paid to the Provider if the total reserveexceeds the three-month maximum even if the ninety percent provision is met. This will generally occur at year-endreconciliation. If DDSN's Medicaid allowable costs, in the aggregate, do not meet the level of certified publicexpenditures reported to the Department of Health and Human Services, DDSN is allowed to recoup fundsnecessary to remain in compliance with federal Medicaid rules."

As a result of the contract wording, there is a possibility of amounts being recovered that are not estimable. TheOrganization has not recorded any projected amounts payable related to this contract language.

Settlements with SCDDSN occur at various times and the timing of these settlements cannot be projected bymanagement. As a result, the Organization is not able to segregate the short-term portion from the long-termportion of these settlements. They can be recovered by SCDDSN at any time after receipt of the annual audit report.The Organization is reflecting all cost settlements as current liabilities due to this uncertainty.

7. Short Term Debt

The Organization carries a $500,000 line of credit with 4.75% interest rate based on the Lender's Prime Rate plus0.50%. The line is secured by real estate. The purpose of the line of credit is to cover temporary cash shortfalls.

The line of credit was not used during this fiscal year.

Continued- 42 -



8. Long-Term Liabilities

a. Notes Payable

Notes payable consist of the following at June 30, 2018:

Monthly BalanceCollateral Payment Interest Rate Maturity Date June 30, 2018

One building $ 808 %3.50 May 01, 2023 $ 133,530Six buildings 12,508 %3.82 February 01, 2047 2,604,156

$ 2,737,686

A summary of changes in notes payable follows:

Beginning balance $ 2,795,708

Principal payments (58,022)

Ending balance $ 2,737,686

Approximate maturities of notes payable principal and interest are as follows for the years ending June 30:

Principal Interest Total

2019 $ 55,925 $ 103,872 $ 159,797

2020 58,103 101,694 159,797

2021 60,366 99,431 159,797

2022 62,716 97,081 159,797

2023 173,926 93,927 267,853

2024 - 2028 335,808 414,677 750,485

2029 - 2033 406,359 344,126 750,485

2034 - 2038 491,732 258,753 750,485

2039 - 2043 595,041 155,444 750,485

2044 - 2047 497,710 35,934 533,644

$ 2,737,686 $ 1,704,939 $ 4,442,625

The Organization incurred $105,675 in charges for interest on its debt during the year ended June 30, 2018, allof which was expensed.

In connection with the note maturing February 01, 2047, the Organization entered into agreements with HUD,which contain, among other things, restrictions on transferring any of the Organization's property, assigningthe rights to manage or receive the rents and profits of the property, or assuming additional indebtedness.

Continued- 43 -



8. Long-Term Liabilities, Continued

b. Capital Leases

A summary of changes in capital leases payable follows:

Beginning balance $ 19,487

Principal payments (19,487)

Ending balance $ -

c. Compensated Absences

Compensated absences in the governmental funds are classified as long-term liabilities. The Organizationbelieves that the current portion of compensated absences is negligible and is therefore not reported. Theseliabilities are expected to be paid from the General Fund and the Special Revenue Fund.

A summary of accrued compensated absences liability for the year ended June 30, 2018 follows:

Beginning balance $ 419,934

Additions/(reductions) (40,167)

Ending balance $ 379,767

d. Capital Advance

The capital advances represent the HUD approved disbursements through the cost certification cut-off date.The advances bear no interest and are not required to be repaid as long as the following parameters specifiedin the contract are met: the housing remains available to eligible low income individuals for a period of fortyyears and is used in accordance with HUD Section 811 requirements. The capital advances are secured by asupplemental mortgage subject only to the first mortgage. If default occurs, the note is callable and interest atthe rate of 7% will be applied to the full amount of the advance.

In connection with these capital advances, the Organization entered into agreements with HUD, which contain,among other things, restrictions on transferring any of the Organization's property, assigning the rights tomanage or receive the rents and profits of the property, or assuming additional indebtedness.

Continued- 44 -



8. Long-Term Liabilities, Continued

e. Changes in Long-Term Liabilities

Long-term liability activity for the year ended June 30, 2018 was as follows:

Governmental ActivitiesBeginning

Balance Additions ReductionsEndingBalance

Due WithinOne Year

Notes payable $ 2,795,708 $ - $ (58,022) $ 2,737,686 $ 55,925

Capital leases 19,487 - (19,487) - -

Capital advance 2,029,700 - - 2,029,700 -

Compensated absences 419,934 - (40,167) 379,767 -

Other post-employment benefits 167,879 24,075 (3,307) 188,647 -

Net pension liability 28,963,656 7,264,396 (3,660,327) 32,567,725 -

Total governmental activitieslong-term liabilities $ 34,396,364 $ 7,288,471 $ (3,781,310) $ 37,903,525 $ 55,925

9. Pension Plan

Plan Description

The Organization is a member of the South Carolina Retirement System (SCRS) and the South Carolina PoliceOfficers Retirement System (PORS) which are cost-sharing multiple-employer defined benefit pension plans. Theseplans are two of five defined benefit retirement systems maintained by the South Carolina Public Employee BenefitAuthority (PEBA). Each system publishes its own component unit financial statement. Furthermore, the PEBA andthe five pension plans are included in the comprehensive annual financial report (CAFR) of the State of SouthCarolina.

The systems provide retirement, death, and disability benefits to State employees, public school employees, andemployees of counties, municipalities, and certain other State political subdivisions. Each system is independent.Assets may not be transferred from one system to another or used for any purpose other than to benefit eachsystem’s participants.

A CAFR containing financial statements and required supplementary information for the systems is issued andpublicly available by visiting www.peba.sc.gov or by writing the South Carolina Public Employee BenefitAuthority, Attn: Retirement Benefit, 202 Arbor Lake Drive, Columbia, South Carolina 29223.

Continued- 45 -



9. Pension Plan, Continued

Membership

Membership requirements are prescribed in Title 9 of the South Carolina Code of Laws. A brief summary of therequirements under each system is presented below:

1) SCRS - Generally, all employees of covered employers are required to participate in and contribute to thesystem as a condition of employment. This plan covers general employees and teachers and individualsnewly elected to the South Carolina General Assembly beginning with the November 2012 general election.An employee member of the system with an effective date of membership on or after July 1, 2012, is a ClassThree member.

2) PORS - To be eligible for PORS membership, an employee must be required by the terms of theiremployment, by election or appointment, to preserve public order, protect life and property, and detectcrimes in the state; to prevent and control property destruction by fire; or to serve as a peace officeremployed by certain agencies. An employee member of the system with an effective date of membership onor after July 1, 2012, is a Class Three member.

Benefits Provided

Benefit terms are prescribed in Title 9 of the South Carolina Code of Laws. PEBA does not have the authority toestablish or amend benefit terms without a legislative change in the Code of Laws. Key elements of the benefitcalculation include the benefit multiplier, years of service, and average final compensation. A brief summary of thebenefit terms for each system is presented below:

1) SCRS - A Class Two member who has separated from service with at least 5 or more years of earned serviceis eligible for a monthly pension at age 65 or with 28 years credited service regardless of age. A member mayelect early retirement with reduced pension benefits payable at age 55 with 25 years of service credit. A ClassThree member who has separated from service with at least 8 or more years of earned service is eligible for amonthly pension upon satisfying the Rule of 90 requirement that the total of the member age and themember creditable service equals at least 90 years. Both Class Two and Class Three members are eligible toreceive a reduced deferred annuity at age 60 if they satisfy the 5 or 8 year earned service requirement,respectively. An incidental death benefit is also available to beneficiaries of active and retired members ofemployers who participate in the death benefit program.

The annual retirement allowance of eligible retirees or their surviving annuitants is increased by the lesser ofone percent or five hundred dollars every July 1. Only those annuitants in receipt of a benefit on July 1 of thepreceding year are eligible to receive the increase. Members who retire under the early retirement provisionsat age 55 with 25 years of service are not eligible for the benefit adjustment until the second July 1 afterreaching age 60 or the second July 1 after the date they would have had 28 years of service credit had theynot retired.

Continued- 46 -




2) PORS - A Class Two member who has separated from service with at least 5 or more years of earned serviceis eligible for a monthly pension at age 55 or with 25 years of service regardless of age. A Class Threemember who has separated from service with at least 8 or more years of earned service is eligible for amonthly pension at age 55 or with 27 years of service regardless of age. Both Class Two and Class Threemembers are eligible to receive a deferred annuity at age 55 with 5 or 8 years of earned service, respectively.An incidental death benefit is also available to beneficiaries of active and retired members of employers whoparticipate in the death benefit program. Accidental death benefits are also provided upon the death of anactive member working for a covered employer whose death was a natural and proximate result of an injuryincurred while in the performance of duty.

The retirement allowance of eligible retirees or their surviving annuitants is increased by the lesser of onepercent or five hundred dollars every July 1. Only those annuitants in receipt of a benefit on July 1 of thepreceding year are eligible to receive the increase.

Contributions

Contributions are prescribed in Title 9 of the South Carolina Code of Laws. The PEBA Board may increase thepercentage rate in SCRS and PORS employer and employee contribution rates on the basis of the actuarialvaluations. If the scheduled employee and employer contributions provided in statute or the rates last adopted bythe PEBA Board are insufficient to maintain a thirty year amortization schedule of the unfunded liabilities of theplans, the PEBA Board shall increase the contribution rates in equal percentage amounts for the employer andemployee as necessary to maintain the thirty-year amortization period.

If the most recent annual actuarial valuation of the systems for funding purposes shows a ratio of the actuarialvalue of system assets to the actuarial accrued liability of the system (the funded ratio) that is equal to or greaterthan ninety percent, then the PEBA Board, effective on the following July 1st, may decrease the then currentcontribution rates upon making a finding that the decrease will not result in a funded ratio of less than ninetypercent. If contribution rates are decreased pursuant to this provision, and the most recent annual actuarialvaluation of the system shows a funded ratio of less than ninety percent, then effective on the following July 1st,and annually thereafter as necessary, the PEBA Board shall increase the then current contribution rates until asubsequent annual actuarial valuation of the system shows a funded ratio that is equal to or greater than ninetypercent.

The Retirement System Funding and Administration Act increased employer contribution rates effective July 1,2017. It also removed the 2.9 percent and 5 percent differentials between the SCRS and PORS employer andemployee contribution rates, respectively, and permitted increases. It also establishes a ceiling on employeecontribution rates at 9 percent and 9.75 percent for SCRS and PORS, respectively. The employer contribution rateswill continue to increase annually by 1 percent through July 1, 2022. The legislation’s ultimate scheduled employerrate is 18.56 percent for SCRS and 21.24 percent for PORS. The amortization period is scheduled to be reduced oneyear for each of the next 10 years to a twenty-year amortization schedule. The recent pension reform legislation alsochanges the long-term funded ratio requirement from ninety to eighty-five.

Continued- 47 -




The rates below are based on the employee's earnable compensation as defined in Title 9 of the South CarolinaCode of Laws. Required contribution rates for the fiscal years ended June 30, 2018 and June 30, 2017 are as follows:

2018 Employer Contributions

2018 EmployeeRetirement

AccidentalDeath

Group LifeInsurance

Contributions Retirement Program Program Total

SCRS 9.00% 13.41% N/A 0.15% 13.56%

PORS 9.75% 15.84% 0.20% 0.20% 16.24%

2017 Employer Contributions

2017 EmployeeRetirement

AccidentalDeath

Group LifeInsurance

Contributions Retirement Program Program Total

SCRS 8.66% 11.41% N/A 0.15% 11.56%

PORS 9.24% 13.84% 0.20% 0.20% 14.24%

The General Assembly funded a one-time credit for employer contributions of 1 percent for most employers inSCRS and PORS for fiscal year 2018.

Amounts due to SCRS and PORS were $340,786 and $1,128 at June 30, 2018, respectively. These amounts were dueto PEBA by July 31, 2018 for legally required contributions per the preceding table for the month of June 2018.

Actuarial Assumptions and Methods

Actuarial valuations of the ongoing plan involve estimates of the reported amounts and assumptions about theprobability of occurrence of events far into the future. Examples include assumptions about future employment,mortality, and future salary increases. Amounts determined regarding the net pension liability are subject tocontinual revision as actual results are compared with past expectations and new estimates are made about thefuture. State statute requires that an actuarial experience study be completed at least once in each five-year period.An experience report on the Systems was most recently issued as of July 1, 2015.

The June 30, 2017 total pension liability, net pension liability, and sensitivity information shown in this report weredetermined by the consulting actuary, Gabriel, Roeder, Smith and Company (GRS), and are based on an actuarialvaluation performed as of July 01, 2016. The total pension liability was rolled-forward from the valuation date toJune 30, 2017 using generally accepted actuarial principles. The Retirement System Funding and AdministrationAct of 2017 was signed into law April 25, 2017 and included a provision to reduce the assumed rate of return from7.50% to 7.25% effective July 1, 2017. As a result of this legislation, GRS made an adjustment to the calculation ofthe roll-forward total pension liability for this assumption change as of the measurement date of June 30, 2017.

Continued- 48 -




The following table provides a summary of the actuarial assumptions and methods used to calculate the totalpension liability as of June 30, 2017.

SCRS PORS

Actuarial cost method Entry age normal Entry age normal

Actuarial Assumptions

Investment rate of return 7.25% 7.25%

Projected salary increases (includes inflation at 2.25%)

3.0% to 12.5% (varies byservice)

3.5% to 9.5% (varies byservice)

Inflation 2.25% 2.25%

Benefit adjustments lesser of 1% or $500annually

lesser of 1% or $500annually

The post-retiree mortality assumption is dependent upon the member’s job category and gender. The base mortalityassumptions, the 2016 Public Retirees of South Carolina Mortality table (2016 PRSC), was developed using thesystems' mortality experience. These base rates are adjusted for future improvement in mortality using publishedScale AA projected from the year 2016.

Former Job Class Males Females

General employees and members ofthe general assembly

2016 PRSC males multiplied by100%

2016 PRSC females multiplied by111%

Public safety employees 2016 PRSC males multiplied by125%

2016 PRSC females multiplied by111%

Net Pension Liability

The net pension liability is calculated separately for each system and represents that particular system’s totalpension liability determined in accordance with GASB No. 67 less that system’s fiduciary net position. Net pensionliability totals as of June 30, 2017 for SCRS and PORS are presented below:

SystemTotal Pension

LiabilityPlan Fiduciary Net

PositionEmployers' Net

Pension Liability

Plan Fiduciary NetPosition as

Percentage of theTotal Pension

Liability

SCRS $48,244,437,494 $25,732,829,268 $22,511,608,226 53.3%

PORS 7,013,684,001 4,274,123,178 2,739,560,823 60.9%

The total pension liability is calculated by the systems’ actuary and each plan fiduciary net position is reported inthe systems’ financial statements. The net pension liability is disclosed in accordance with the requirements ofGASB No. 67 in the systems’ notes to the financial statements and required supplementary information. Liabilitycalculations performed by the systems’ actuary for the purpose of satisfying the requirements of GASB Nos. 67 and68 are not applicable for other purposes, such as determining the plans’ funding requirements.

Continued- 49 -




At June 30, 2018, the Organization reported a liability of $32,518,468 for SCRS and $49,257 for PORS for itsproportionate share of the net pension liability. The net pension liability was measured as of June 30, 2017 and thetotal pension liability used to calculate the net pension liability was determined by an actuarial valuation as of thatdate. The Organization’s proportion of the net pension liability was based on a projection of the Organization’slong-term share of contributions to the pension plan relative to the projected contributions of all participatingorganizations, actuarially determined. The Organization’s proportions for the years ended June 30, 2017 and June30, 2016 are presented in the following table.

2017 2016

SCRS 0.144452% 0.135327%

PORS 0.001798% 0.00229%

Pension Expense, Deferred Outflows of Resources, and Deferred Inflows of Resources Related to Pensions

For the year ended June 30, 2018, the Organization recognized pension expense of $4,024,877 for SCRS and $10,977for PORS. At June 30, 2018, the Organization reported deferred outflows of resources and deferred inflows ofresources related to pensions from the following sources:

SCRS PORS

DeferredOutflows

DeferredInflows

DeferredOutflows

DeferredInflows

of Resources of Resources of Resources of Resources

Differences between expected and actualexperience

$ 144,967 $ 18,024 $ 439 $ -

Changes of assumptions or other inputs 1,903,607 - 4,675 $ -

Net difference between projected andactual earnings on pension planinvestments

907,763 - 1,756 -

Changes in proportion and differencesbetween Organization contributions andproportionate share of contributions

1,925,716 - 4,829 8,442

Organization contributions subsequent tothe measurement date

1,846,464 - 5,036 -

Total $ 6,728,517 $ 18,024 $ 16,735 $ 8,442

Continued- 50 -




Deferred outflows of resources related to pensions resulting from Organization contributions subsequent to themeasurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2019.These contribution amounts are $1,846,464 for SCRS and $5,036 for PORS. Other amounts reported as deferredoutflows of resources and deferred inflows of resources related to pensions will be recognized in pension expenseas follows:

Year EndedJune 30:

Participant's Share of Total Plan DeferredInflows and Outflows

SCRS PORS

2019 $ 1,615,193 $ 1,498

2020 2,079,858 2,256

2021 1,388,610 679

2022 (219,632) (1,176)

2023 - -

Thereafter - -

Total $ 4,864,029 $ 3,257

Long-term expected rate of return

The long-term expected rate of return on pension plan investments for actuarial purposes is based upon 30-yearcapital market assumptions. The actuarial long-term expected rates of return, net of investment fees, represent bestestimates of arithmetic real rates of return for each major asset class and were developed in coordination with theinvestment consultant for the Retirement System Investment Commission (RSIC) using a building block approach,reflecting observable inflation and interest rate information available in the fixed income markets as well asconsensus economic forecasts. The actuarial long-term assumptions for other asset classes are based on historicalresults, current market characteristics, and professional judgment.

The RSIC has exclusive authority to invest and manage the retirement trust funds’ assets. As co-fiduciary of thesystems, statutory provisions and governance policies allow the RSIC to operate in a manner consistent with a long-term investment time horizon.

The expected real rates of return, along with the expected inflation rate, form the basis for the target asset allocationadopted annually by the RSIC. For actuarial purposes, the long-term expected rate of return is calculated byweighting the expected future real rates of return by the target allocation percentage and then adding the actuarialexpected inflation, which is summarized in the actuarial assumptions table above. For actuarial purposes, the 7.25%assumed annual investment rate of return used in the calculation of the total pension liability includes a 5.00% realrate of return and a 2.25% inflation component.

Continued- 51 -




The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarizedin the following table:

Target Expected Arithmetic Real Long-Term Expected PortfolioAsset Class Allocation Rate of Return Real Rate of Return

Global equity

Global public equity 31% 6.72% 2.07%

Private equity 9% 9.60% 0.86%

Equity options strategies 5% 5.91% 0.30%

Real assets

Real estate (private) 5% 4.32% 0.22%

Real estate (REITs) 2% 6.33% 0.13%

Infrastructure 1% 6.26% 0.06%

Opportunistic

Global tactical asset allocation/risk parity 10% 4.16% 0.42%

Hedge funds (non-PA) 4% 3.82% 0.15%

Other opportunistic strategies 3% 4.16% 0.12%

Diversified credit

Mixed credit 6% 3.92% 0.24%

Emerging markets debt 5% 5.01% 0.25%

Private debt 7% 4.37% 0.31%

Conservative fixed income

Core fixed income 10% 1.60% 0.16%

Cash and short duration (net) 2% 0.92% 0.02%

Total 100% 5.31%

Inflation for Actuarial Purposes 2.25%

Total Expected Nominal Return 7.56%

Discount Rate

The discount rate used to measure the total pension liability was 7.25%. The projection of cash flows used todetermine the discount rate assumed that contributions from participating employers in SCRS and PORS will bemade based on the actuarially determined rates based on provisions in the South Carolina State Code of Laws.Based on those assumptions, each system’s fiduciary net position was projected to be available to make all projectedfuture benefit payments of current plan members. Therefore, the long-term expected rate of return on pension planinvestments was applied to all periods of projected benefit payments to determine the total pension liability.

Continued- 52 -




Sensitivity Analysis

The following presents the Organization’s proportionate share of the net pension liability calculated using thediscount rate of 7.25%, as well as what the Organization's proportionate share of the net pension liability would beif it were calculated using a discount rate that is one percentage-point lower or one percentage-point higher thanthe current rate:

1% Decrease Current Discount 1% IncreaseSystem (6.25%) Rate (7.25%) (8.25%)

SCRS $41,911,839 $32,518,468 $26,818,900

PORS $66,507 $49,257 $35,670

Pension Plan Fiduciary Net Position

Detailed information about the pension plans' fiduciary net positions is available in the Plans' separately issuedfinancial report.

10. Postemployment Benefits Other Than Pensions (OPEB)

a) General Information about the OPEB Plan

Plan DescriptionThe Organization maintains a single-employer defined contribution OPEB plan. The Organization does notcontribute to the South Carolina Retiree Health Plan and therefore is not included in the State Plan's actuarialvaluation.

Benefits ProvidedThe Organization participates in an independent health plan that seeks to emulate the State Health Plan.Benefits are modeled after the State Plan for active employees and retirees. Benefits includemedical/prescription benefits, dental benefits, and long-term disability benefits offered to retirees and theirdependents. Certain benefits are offered to surviving dependents if the deceased member attained certainminimum age and service requirements prior to death. The Organization participates in its own risk pool andrates are established based on their own claims experience. Premiums are renegotiated annually based onclaims experience.

A two-tier eligibility standard is required for the Organization to be obligated to provide medical/prescriptionand dental OPEBs. First, employees must be eligible for monthly retirement benefits under the vesting,disability, and early or normal retirement provisions of the State-administered defined benefit retirementsystem as detailed in the pension plan note. Second, as a local political subdivision, the Organization hasflexibility as to the eligibly for and amount of subsidy provided by them.

Continued- 53 -



10. Postemployment Benefits Other Than Pensions (OPEB), Continued

Funding PolicyThe Organization does not provide funding for continued postemployment health coverage. Under the termsof the plan, the Organization will provide access to coverage to retirees who are eligible to receive retirementbenefits under the eligibility rules defined in the pension plan note. Eligible retirees electing to continuecoverage are responsible for 100% of both the employer and employee portions of the premium. Coverage maybe continued for the lifetime of both the retiree and the retiree's spouse.

Employees Covered by Benefit TermsAt June 30, 2018, the following employees were covered by the benefit terms:

Active participants 324

Retired participants 3

Total 327

The Organization, as represented by its Board of Directors, has autonomy in establishing funding for benefits.Contributions to the plan are elective and are not based on actuarially determined amounts.

b) Total OPEB Liability

The Organization’s total OPEB liability was measured as of July 01, 2017 and was determined by an actuarialvaluation as of July 01, 2016.

Actuarial Assumptions and MethodsThe total OPEB liability was determined by an actuarial valuation as of July 01, 2016, using the followingactuarial assumptions, applied to all periods included in the measurement, unless otherwise specified:

Actuarial Cost Method Entry Age NormalInflation 2.50%Single Discount Rate 4.00% as of July 01, 2016Mortality Assumptions The rates used by the State's consulting actuary for the July 1,

2016 SCRS ValuationHealthcare cost trend rates The rates used by the State's consulting actuary for the June

30, 2015 SC OPEB ValuationParticipation Assumptions 20% of eligible retirees and 50% of spouses will elect to receive

coverage upon retirementAging Factors Based on plan specific experienceExpenses The investment return assumption is net of the investment

expenses; Administrative expenses related to the health carebenefits are included in the age-adjusted claims costs

Actuarial valuations involve estimates of the reported amounts and assumptions about the probability ofoccurrence of events far into the future. Examples include assumptions about future employment, mortality,and future salary increases. Amounts determined during the valuation process are subject to continualrevisions as actual results are compared with past expectations and new estimates are made about the future.

Continued- 54 -




Roll-forward DisclosureThe actuarial valuation was performed as of July 01, 2016. Update procedures were used to roll forward thetotal OPEB liability to July 01, 2017.

Discount RateThe discount rate used to measure the total OPEB liability was 4.00%. This has not changed from the previousvaluation.

c) Changes in the Total OPEB LiabilityTotal OPEB

Liability

Changes for the year:

Service Cost $ 17,425

Interest 6,650

Implicit rate subsidy fulfillment (3,307)

Net changes 20,768

Balance at June 30, 2017 167,879

Balance at June 30, 2018 $ 188,647

Sensitivity Analysis

Changes in the discount rateThe following presents the Organization’s total OPEB liability calculated using the discount rate of 4.00%, aswell as what the Organization's total OPEB liability would be if it were calculated using a discount rate that isone percentage-point lower or one percentage-point higher than the current rate:

1% Decrease Current Discount 1% Increase(3.00%) Rate (4.00%) (5.00%)

Total OPEB liability $204,267 $188,647 $173,991

Changes in healthcare cost trend ratesThe following presents the Organization’s total OPEB liability, as well as what the Organization's total OPEBliability would be if it were calculated using a healthcare cost trend rate that is one percentage-point lower orone percentage-point higher than the current rate:

1% Decrease Current Rate 1% Increase

Total OPEB liability $165,357 $188,647 $216,705

Continued- 55 -




d) OPEB Expense, Deferred Outflows of Resources, and Deferred Inflows of Resources Related to OPEB

For the year ended June 30, 2018, the Organization recognized OPEB expense of $18,991. At June 30, 2018, theOrganization reported deferred outflows of resources related to OPEB from the following sources:

Deferred Outflowsof Resources

Organization contributions subsequent tothe measurement date

$ 5,084

Total $ 5,084

Of the total amount reported as deferred outflows of resources related to OPEB, $5,084 resulting from Organizationcontributions and implicit subsidy release subsequent to the measurement date and before the end of the fiscal yearwill be included as a reduction of the net OPEB liability in the year ended June 30, 2019.

11. Related Party Transactions

The Organization’s HUD component units are non-profit corporations created to hold real property constructedwith funding provided by HUD. The real property, consisting of land and residential buildings, is used forcommunity residences for the disabled. These residences are operated by the Organization. Certain employees andofficials of the Organization have administrative responsibilities in these organizations.

Charges to the component units consisted of the following:

Managementfees

Administrativesalaries and

fringes

Maintenancesalaries and

fringes Total

Ayres Housing, Inc. $ 7,008 $ 9,150 $ 22,545 $ 38,703Browning Development, Inc. 3,744 7,321 16,909 27,974GA Properties, Inc. 48,480 47,477 54,669 150,626Stone Development, Inc. 6,000 9,150 16,909 32,059

$ 65,232 $ 73,098 $ 111,032 $ 249,362

The following amounts were receivable from/(payable to) related parties at June 30, 2018:

Current Long-term Total

Ayres Housing, Inc. $ 2,367 $ - $ 2,367Browning Development, Inc. - 41,286 41,286GA Properties, Inc. - 9,619 9,619Stone Development, Inc. - 7,258 7,258

$ 2,367 $ 58,163 $ 60,530

Continued- 56 -



11. Related Party Transactions, Continued

The amounts payable include charges to the component units as well as reimbursements to the Organization foroperating expenses that it paid for on the component units' behalf during temporary cash shortfalls. Organizationand the component units have agreed that the component units will repay the amounts owed as funds becomeavailable.

12. Risk Management

The Organization is exposed to various risks of loss and maintains state or commercial insurance coverage for eachof those risks. Management believes such coverage is sufficient to preclude any significant uninsured losses for thecovered risks. There were no significant reductions in insurance coverage during the year. Settled claims have notexceeded this coverage in the prior three years. The Organization pays insurance premiums to certain other stateagencies and commercial insurers to cover risks that may occur in normal operations. The insurers promise to payfor covered economic losses sustained during the policy period in accordance with the established policy limits anddeductibles.

The Organization pays premiums to the State's Insurance Reserve Fund (IRF) which issues policies, accumulatesassets to cover the risks of loss, and pays claims incurred for covered losses related to the following assets,activities, and/or events:

• Theft of, damage to, or destruction of assets;• Tangible property owned by the Organization;• Medical professional malpractice;• Torts

The IRF is a self-insurer and purchases reinsurance to obtain certain services and specialized coverage and to limitlosses in the areas of certain property and equipment and auto liability. Reinsurance permits partial recovery oflosses from reinsurers but the IRF remains primarily liable. The Organization obtains coverage through acommercial insurer for employee fidelity bond insurance for losses arising from theft or misappropriation. Acommercial insurer is used to insure risks related to workers' compensation claims.

The Organization has not reported an estimated claims loss expenditure and the related liability at June 30, 2018based on the requirements of GASB Statement No. 10 and No. 30 which state that a liability for claims must bereported only if information prior to issuance of the financial statements indicates that it is probable that an assethas been impaired or a liability has been incurred on or before June 30, 2018 and the amount of the loss isreasonably estimable. Liabilities include an amount for incurred but not reported (IBNR) losses when it is probablea claim will be asserted. Claims liabilities when recorded are based on estimates of the ultimate cost of settlingknown but not paid claims and IBNR claims at June 30 using past experience adjusted for factors that wouldmodify past experience.

In management's opinion, claims losses in excess of insurance coverage are unlikely and, if incurred, would beinsignificant to the Organization's financial position. Furthermore, there is no evidence of asset impairment or otherinformation to indicate that a loss expenditure and liability should be recorded; and, therefore, no loss accrual hasbeen recorded.

Continued- 57 -



13. Commitments and Contingencies

The Organization receives a substantial amount of its support from the South Carolina Department of Disabilitiesand Special Needs. While it is anticipated that funding will continue in the future, a significant reduction in thelevel of this support, if it were to occur, could have an adverse effect on the Organization's programs and activities.

Financial assistance from federal, state, and local governmental entities in the form of grants are subject to specialaudit. Such audits could result in claims against the Organization for disallowed costs or noncompliance withgrantor restrictions. Management is not aware of any noncompliance or disallowed costs. No provision has beenmade for any liabilities that may arise from such audits since the amounts, if any, cannot be determined at this date.

The Organization and its main grantor receive a substantial amount of its support from the Medicaid program. Anysignificant reduction in the level of this support, if it were to occur, could have an adverse effect on theOrganization's programs and activities. Examples of events that could cause such a reductions include: a change inthe definition or interpretation of the definition of Medicaid-billable activities, a reduction in Medicaid funding inSouth Carolina, and so forth.

The future operations of the Organization could be affected by changes in the economic or other conditions in thegeographic area of Greenville County, South Carolina.

The Organization has received funding from the South Carolina State Housing Finance and DevelopmentAuthority to build various Community Training Homes. The funds were advanced in the form of a forgivable non-interest bearing promissory note. The notes are to be forgiven twenty years from the date of the original note if theproperty has been used continually for that period for the purpose stipulated in the loan proposal. As of June 30,2018, there were no known instances of noncompliance with the covenants of the aforementioned note.

The component units are economically dependent upon the revenues received from HUD and other governmentservices. HUD revenues consist of payments for tenants’ lodging.

The Organization constructed various housing facilities with HUD Section 811 Capital Advances which are interestfree and need not be repaid if the housing is maintained for handicapped persons for a period of 40 years. If thefacilities are not maintained in accordance with the capital advance agreement, the entire advance is owed to HUD,including applicable interest.

Continued- 58 -



14. Consumers' Personal Funds

The individuals residing in the community programs have personal funds. The table below details the specifics ofmaintenance and custodial functions of consumers’ funds based on the type of program in which they reside.

ICF/ID CRCF & CTH II SLP I & II

Type of account:Savings - fiduciaryfund Savings

Savings - fiduciaryfund Checking

Custodian:Board - FinanceDepartment Whitten Center

Board - FinanceDepartment

Board andmanagement staff

Deposit procedures:

Direct deposited orfunds delivered




Signaturerequirements:

Management staff Whitten Center staff Management staff Consumer and staff

Reconciliationsperformed by:

Finance Department Whitten Center staff Finance Department FinanceDepartment

Account in the name of: Board as Trustee Whitten Center asTrustee

Board as Trustee GCDSNB forconsumer

These procedures are properly segregated to mitigate fraud risk.

Continued- 59 -



15. Operating Leases

The Organization has entered into various operating leases for vehicles with Enterprise Fleet Management. Thedetails of these leases are as follows:

Under terms of the leases, the Organization agrees to pay the Lessor within thirty days after the end of the term foreach vehicle, additional rent equal to the excess, if any, of the book value of such vehicle over the greater of (i) thewholesale value of such vehicle as determined by Lessor in good faith or (ii) except as provided below, twentypercent of the delivered price of such vehicle as set forth in the table above. If the book value of such vehicle is lessthan the greater of (i) the wholesale value of such vehicle as determined by Lessor in good faith or (ii) except asprovided below, twenty percent of the delivered price of such vehicle as set forth in the table above, Lessor agreesto pay such deficiency to the Organization as a terminal rental adjustment within thirty days after the end of theapplicable term. Notwithstanding the foregoing, if the mileage on a vehicle at the end of the term is greater than15,000 miles per year on average (prorated on a daily basis) or (iii) in the sole judgment of Lessor, a vehicle hasbeen subject to damage or any abnormal or excessive wear and tear, the calculations described in the twoimmediately preceding sentences shall be made without giving effect to clause (ii) in each such sentence. The “bookvalue” of a vehicle means the sum of (i) the “delivered price” of the vehicle as set forth in the table above minus (ii)the total depreciation reserve paid by the Organization to the Lessor with respect to such vehicle plus (iii) allaccrued and unpaid rent and/or other amounts owed by the Organization with respect to such vehicle.

Continued- 60 -



15. Operating Leases , Continued

The total amount paid under these vehicle leases during the fiscal year ended June 30, 2018 was $120,232.

The Organization has various operating leases for office equipment, vehicles, and real property. Lease payments forthe current year totaled $581,969. Future minimum lease payments on non-cancelable leases are as follows for theyears ending June 30:

Equipment EnterpriseReal

Property Total

2019 $ 17,357 $ 151,052 $ 205,125 $ 373,534

2020 2,292 151,052 51,281 204,625

2021 1,572 151,052 - 152,624

2022 333 151,052 - 151,385

2023 - 50,853 - 50,853

$ 21,554 $ 655,061 $ 256,406 $ 933,021

16. Fair Value Measurements

Generally accepted accounting principles provide a framework for measuring fair value. The framework provides afair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchygives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fairvalue hierarchy are described as follows:

Level 1Inputs consist of unadjusted quoted prices for identical assets or liabilities in active markets that theOrganization has the ability to access.

Level 2 Inputs consist of:• Quoted prices for similar assets or liabilities in active markets;• Quoted prices for identical or similar assets or liabilities in inactive markets;• Inputs other than quoted prices that are observable for the asset or liability;• Inputs that are derived principally from or corroborated by observable market data by correlation or

other means.If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantiallythe full term of the asset or liability.

Level 3 Inputs are unobservable and significant to the fair value measurement.

The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level ofany input that is significant to the fair value measurement. Valuation techniques used need to maximize the use ofobservable inputs and minimize the use of unobservable inputs.

Continued- 61 -



16. Fair Value Measurements, Continued

The carrying amounts of financial instruments including cash and cash equivalents, accounts receivable, prepaidexpenses, accounts payable and accrued expenses, and customer deposits and prepayments approximate fair valuedue to the relatively short term maturity of these instruments. The carrying value of long-term debt approximatesfair value based on prevailing borrowing rates currently available for loans with similar terms and maturities.

The Organization's investments are measured and reported at fair value and are classified according to the fairvalue hierarchy as follows:

Investments by Net Asset Value (NAV)

State of South Carolina Treasurer's Investment Pool $ 502,335

Total investments held in the Organization's name $ 502,335

17. Restatement of Net Position

The Organization implemented Governmental Accounting Standards Board (GASB) Statement No. 75, Accountingand Financial Reporting for Postemployment Benefits Other Than Pensions (an amendment of GASB Statement No. 45),in the fiscal year ending June 30, 2018. The implementation of the statement required the Organization to removethe previously recorded net other postemployment benefits (OPEB) obligation and to record beginning total OPEBliability and deferred outflows of resources of the contributions made by the Organization during the measurementperiod (fiscal year ending June 30, 2017) and the effects on net position.

In circumstances in which OPEB is provided through OPEB plans that are not administered through trusts thatmeet certain criteria, the amounts paid by the government for OPEB as the benefits become due and subsequent tothe measurement date of the beginning total OPEB liability but before the beginning of the government's fiscal yearmust be restated as deferred outflows of resources.

GA Properties, Inc., a blended component unit of the Organization, recognized a miscellaneous financial liabilityand a miscellaneous financial expense in the fiscal year ended June 30, 2017 for the amount of residual receipts tobe recouped by HUD at the renewal of the Project Rental Assistance Contract ("PRAC"). The amount was calculatedbased on being allowed to retain $250 per unit for 36 units, which is excluding 44 units under two addtional PRACcontracts comprising GA Properties, Inc.'s Section 8 contracts with HUD. Net position and fund balance have beenrestated for the $11,000 excess expense and liability recorded in the prior year.

The changes to beginning net position and fund balance are as follows:Net Position Fund Balance

Ending balance per fiscal year 2017 audit $ (20,912,298) $ (264,348)Effect of GASB 75 implementation (76,262) -Restatement of GA Properties, Inc Miscellaneous Financial Liability 11,000 11,000

Balance, as restated $ (20,977,560) $ (253,348)

18. Subsequent Events

The Organization has evaluated all subsequent events through September 19, 2018, the date the financial statementswere available to be issued.

- 62 -

REQUIRED SUPPLEMENTARY INFORMATION

GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDBUDGETARY INFORMATION NOTE


BUDGETARY INFORMATION NOTE

Budgetary Information—Annual budgets are adopted on a basis consistent with accounting principles generallyaccepted in the United States of America for all Special Revenue Funds. The Organization prepares its budget usingthe accrual basis of accounting. Expenses are authorized through an annual budget adopted by the governingBoard of Directors which authorizes the level of funding for operations. They adopt a fund level budget for allother governmental funds. There is not a legal obligation of the Organization prohibiting them from incurringexpenses against any appropriation account that lacks a sufficient balance available to meet the obligation.

Encumbrance accounting is not employed in governmental funds.

Budgetary Process—The Organization’s annual budget process is as follows:

a. Prior to July 1, the Executive Director submits to the Board of Directors a proposed operating budget foreach fund and program for the upcoming fiscal year beginning July 1.

b. After discussions at public meetings, the Board of Directors approves the budget prior to July 1.

c. Changes in the budget are discussed and approved by the Board of Directors in subsequent meetings.

The Executive Director cannot increase or decrease the budgets without Board approval.

GENERAL FUND BUDGET TO ACTUAL REQUIRED SUPPLEMENTARY INFORMATION

Governmental Accounting Standards Board Statement number 34 requires that budgetary comparison schedules beprovided as required supplementary information for the general fund and each major special revenue fund with alegally adopted budget. Since the Organization did not have a legally adopted budget for the general fund, thisschedule has not been presented.

- 63 -

GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARD SCHEDULE OF THE ORGANIZATION'S PROPORTIONATE SHARE

OF THE NET PENSION LIABILITY - SOUTH CAROLINA RETIREMENT SYSTEM

Last 10 Fiscal Years

2018 2017 2016 2015

Proportion of the net pension liability %0.144452 %0.135327 %0.129385 %0.128788

Proportionate share of the net pension liability $ 32,518,468 $ 28,905,647 $ 24,538,489 $ 22,173,024

Covered-employee payroll $ 13,616,993 $ 14,574,769 $ 13,104,627 $ 12,131,442

Proportionate share of the net pension liability as apercentage of covered-employee payroll %238.808 %198.327 %187.251 %182.773

Plan fiduciary net position as a percentage of the totalpension liability %53.300 %52.900 %57.000 %59.900

Until a full 10-year trend is compiled, the Organization will present information for those years for whichinformation is available.

See accompanying pension plan supplementary information note.- 64 -

GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARD SCHEDULE OF THE ORGANIZATION'S PROPORTIONATE SHARE

OF THE NET PENSION LIABILITY - POLICE OFFICERS RETIREMENT SYSTEM

Last 10 Fiscal Years

2018 2017 2016 2015

Proportion of the net pension liability %0.001797 %0.002287 %0.001908 %0.001880

Proportionate share of the net pension liability $ 49,257 $ 58,009 $ 41,585 $ 35,896

Covered-employee payroll $ 30,999 $ 24,208 $ 29,162 $ 23,634

Proportionate share of the net pension liability as apercentage of covered-employee payroll %158.899 %239.627 %142.600 %151.883

Plan fiduciary net position as a percentage of the totalpension liability %60.900 %60.400 %64.600 %67.500



GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARD SCHEDULE OF THE ORGANIZATION'S CONTRIBUTIONS -

SOUTH CAROLINA RETIREMENT SYSTEMLast 10 Fiscal Years

2018 2017 2016 2015

Contractually required contribution $ 1,846,464 $ 1,684,843 $ 1,449,371 $ 1,322,326

Contributions in relation to the contractually requiredcontribution (1,846,464) (1,684,843) (1,449,371) (1,322,326)

Contribution deficiency (excess) $ - $ - $ - $ -

Organization's covered-employee payroll $ 13,616,993 $ 14,574,769 $ 13,104,627 $ 12,131,442

Contributions as a percentage of covered-employeepayroll %13.56 %11.56 %11.06 %10.90



GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARD SCHEDULE OF THE ORGANIZATION'S CONTRIBUTIONS -

POLICE OFFICERS RETIREMENT SYSTEMLast 10 Fiscal Years

2018 2017 2016 2015

Contractually required contribution $ 5,036 $ 3,445 $ 4,007 $ 3,168

Contributions in relation to the contractually requiredcontribution (5,036) (3,445) (4,007) (3,168)

Contribution deficiency (excess) $ - $ - $ - $ -

Organization's covered-employee payroll $ 30,999 $ 24,208 $ 29,162 $ 23,634

Contributions as a percentage of covered-employeepayroll %16.25 %14.23 %13.74 %13.40



GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDPENSION PLAN SUPPLEMENTARY INFORMATION NOTE


CHANGE OF BENEFIT TERMS

No changes were made to the benefit terms during the fiscal year ended June 30, 2017 (the measurement year).

CHANGES OF ASSUMPTIONS

Actuarial assumptions utilized during the fiscal year ended June 30, 2017 (the measurement year) included adiscount rate of 7.25% and inflation of 2.25%. The prior assumptions included a discount rate of 7.50% and inflationof 2.75%.

- 68 -

GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARD SCHEDULE OF CHANGES IN THE ORGANIZATION'S

TOTAL OPEB LIABILITY AND RELATED RATIOSLast 10 Fiscal Years

2018

Total OPEB Liability

Service cost $ 17,425Interest 6,650Implicit rate subsidy release (3,307)

Net Change in Total OPEB Liability 20,768

Total OPEB Liability - Beginning 167,879Total OPEB Liability - Ending $ 188,647

Covered-Employee Payroll $ 9,341,140

Total OPEB Liability as a Percentage of Covered-Employee Payroll %2.02


See accompanying OPEB supplementary information note.- 69 -

GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDOPEB SUPPLEMENTARY INFORMATION NOTE


CHANGE OF BENEFIT TERMS

No changes were made to the benefit terms during the year ended July 01, 2017 (the measurement date).

CHANGES IN ASSUMPTIONS

No changes in assumptions were made for the measurement date of July 01, 2017.

PLAN ASSETS

There are no plan assets accumulated in a trust to fund the OPEB liability.

- 70 -

OTHER SUPPLEMENTARY INFORMATION

GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARD GENERAL FUND

SCHEDULE OF REVENUES, EXPENSES, AND CHANGE IN NET POSITIONFor the Year Ended June 30, 2018

NON-PROGRAM REVENUES (EXPENSES)

Transfers to/(from) general fund $ (1,798,501)

Change in net position $ (1,798,501)

See independent auditors' report.- 71 -

GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARD SPECIAL REVENUE FUND

SCHEDULES OF REVENUES, EXPENSES, AND CHANGE IN NET POSITIONCAPITATED PROGRAMS


Adult DayProgram and

Work ActivityPatrick


Work ActivityGreer


Work ActivityFountain Inn


Work ActivityBlue Ridge

AbiliquestWork Activity

CenterSupported

Employment

PROGRAM REVENUES

StateSouth Carolina DDSN - program revenue $ 1,684,945 $ 725,702 $ 400,388 $ 1,576,518 $ 12,512 $ 325,310South Carolina DDSN - program revenue - other - - - - - -South Carolina DDSN - special grants - - - - - -South Carolina DDSN - waiver credits - - - - - -South Carolina DHHS - OSS - - - - - -State of South Carolina PEBA Credit 6,632 3,558 2,157 7,998 2,197 1,934

1,691,577 729,260 402,545 1,584,516 14,709 327,244

LocalDonations 10,803 500 - - - -United Way 261 78 - 314 21,250 -

11,064 578 - 314 21,250 -

OtherClient fees - - - - - -Other 4,029 252 5,518 2,922 566 -Rent - - - - - -Sub-contracted Day Program slots 52,667 11,670 20,475 68,369 5,149 1,298Vending - - 504 1,336 22,875 -Work activity 17,098 - - - 676,108 -

73,794 11,922 26,497 72,627 704,698 1,298

Total program revenues 1,776,435 741,760 429,042 1,657,457 740,657 328,542


GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDSPECIAL REVENUE FUND

SCHEDULES OF REVENUES, EXPENSES, AND CHANGE IN NET POSITIONCAPITATED PROGRAMS - CONTINUED





Work ActivityGreer






CenterSupported

Employment

EXPENSES

PersonnelConsumer salaries 34,863 - - - 519,853 -Salaries 631,023 399,605 225,745 788,712 293,350 133,947

665,886 399,605 225,745 788,712 813,203 133,947

Fringe benefitsHealth insurance 108,605 60,969 30,960 131,297 31,243 13,657Retirement 188,676 116,988 68,921 233,040 85,982 39,666Social security 48,984 28,978 15,726 57,271 61,142 9,943Unemployment insurance - - - 4,071 - 3,821Workers' compensation 22,241 13,812 8,013 27,277 8,111 5,421

368,506 220,747 123,620 452,956 186,478 72,508

Contractual servicesBuildings and equipment 48,292 38,244 12,289 27,829 19,284 1,157Consultants - 180 - 121 17,748 -Heat, light, water, and power 25,649 13,813 11,272 20,232 27,228 2,229Motor vehicles 13,644 17,994 15,078 35,595 15,461 4,999Other 2,794 7,175 787 1,621 423 -Telephone 11,835 9,219 12,421 12,489 7,332 3,510Travel 4,211 788 1,426 1,592 3,236 306

106,425 87,413 53,273 99,479 90,712 12,201








Work ActivityGreer






CenterSupported

Employment

SuppliesEducational 89 - - - - -Food 228 - - - 16,036 -Household 11,261 4,237 3,823 9,538 1,769 108Medical 484 297 521 683 180 111Minor equipment 2,045 254 4,710 476 (9) -Motor vehicle 22,845 21,990 14,089 29,787 13,792 6,385Office 1,070 828 2,912 433 3,243 588Other 3,562 109 21 293 160 244Postage 16 - - - - -Workshop 13,433 40 18 409 5,997 -

55,033 27,755 26,094 41,619 41,168 7,436

Fixed chargesInsurance - professional liability 59 - 59 59 - -Insurance - property 7,449 1,502 4,285 7,689 784 1,196Insurance - tort liability 3,410 2,225 1,766 4,757 957 1,176Other - - 447 360 - -Rent - equipment 11,223 15,941 7,865 16,291 1,491 818Rent - real property - - - - 210,431 -

22,141 19,668 14,422 29,156 213,663 3,190

CapitalAmortization - - - - 1,105 -Depreciation 40,369 19,279 21,188 29,906 14,833 66Interest expense - - - 4,542 - -

40,369 19,279 21,188 34,448 15,938 66








Work ActivityGreer






CenterSupported

Employment

Allocated costsAdministration 127,356 70,878 17,046 155,252 84,871 31,492Building maintenance 32,888 11,691 19,367 40,564 13,049 8,503CTH management - - - - - -Day program (30,701) (300,969) (4,947) (65,732) - (7,711)Nursing - - - - - -Program coordinator 71,247 43,043 25,150 82,476 73,280 13,527Residential management - - - - - -

200,790 (175,357) 56,616 212,560 171,200 45,811

Total expenses 1,459,150 599,110 520,958 1,658,930 1,532,362 275,159

Net program revenue (expense) 317,285 142,650 (91,916) (1,473) (791,705) 53,383


Gain/(loss) on retirement of capital assets - 1,125 - - - 700Payments from/(to) SCDDSN settlements - - - - - -Transfers from/(to) general fund (317,285) (143,775) 91,916 1,473 791,705 (54,083)

Change in net position $ - $ - $ - $ - $ - $ -





Civitan ICF/IDFountain InnICF/ID - HUD

HughesICF/ID - HUD

Ridge RoadICF/ID

Parkins IICF/ID

PROGRAM REVENUES

StateSouth Carolina DDSN - program revenue $ 625,639 $ 901,791 $ 591,800 $ 955,157 $ 500,164South Carolina DDSN - program revenue - other - - - - -South Carolina DDSN - special grants - 1 1 - -South Carolina DDSN - waiver credits - - - - -South Carolina DHHS - OSS - - - - -State of South Carolina PEBA Credit 3,243 3,640 3,458 3,879 2,738

628,882 905,432 595,259 959,036 502,902

LocalDonations - 100 2,000 - -United Way - - - - -

- 100 2,000 - -

OtherClient fees 56,534 121,332 73,352 98,317 85,669Other 2,519 4,042 1,588 803 500Rent - - - - -Sub-contracted Day Program slots - - - - -Vending - - - - -Work activity - - - - -

59,053 125,374 74,940 99,120 86,169

Total program revenues 687,935 1,030,906 672,199 1,058,156 589,071






HughesICF/ID - HUD

Ridge RoadICF/ID

Parkins IICF/ID

EXPENSES

PersonnelConsumer salaries - - - - -Salaries 350,651 397,417 391,327 418,848 297,539

350,651 397,417 391,327 418,848 297,539

Fringe benefitsHealth insurance 40,665 50,728 50,269 61,839 39,348Retirement 104,202 116,103 112,943 122,705 87,273Social security 26,104 28,976 28,464 31,047 21,685Unemployment insurance - 381 - - -Workers' compensation 18,730 21,527 19,961 22,359 15,545

189,701 217,715 211,637 237,950 163,851

Contractual servicesBuildings and equipment 8,578 129 215 10,754 6,772Consultants 7,862 13,924 6,116 11,848 5,926Heat, light, water, and power 10,050 - 8 15,824 10,441Motor vehicles 5,761 4,677 50 4,822 2,025Other 568 80 2,972 243 -Telephone 5,077 547 708 2,903 2,662Travel 635 445 763 294 10,908

38,531 19,802 10,832 46,688 38,734






HughesICF/ID - HUD

Ridge RoadICF/ID

Parkins IICF/ID

SuppliesEducational - - - - -Food 21,647 27,279 20,590 34,938 29,051Household 6,685 8,088 8,846 10,064 6,797Medical 19,589 11,089 5,818 16,808 6,309Minor equipment 423 340 136 5,497 5,470Motor vehicle 2,462 5,311 3,916 5,267 4,046Office 148 843 708 365 449Other 1,966 1,660 1,987 3,033 2,233Postage 26 20 10 20 53Workshop - - 324 - -

52,946 54,630 42,335 75,992 54,408

Fixed chargesInsurance - professional liability - - - - -Insurance - property 791 1,513 597 1,077 500Insurance - tort liability 2,024 2,074 2,073 2,263 1,653Other - - 6 - 1,878Rent - equipment 1,411 1,411 1,411 1,411 3,672Rent - real property - 37,310 24,937 - -

4,226 42,308 29,024 4,751 7,703

CapitalAmortization - - - - -Depreciation 954 634 6,095 6,977 4,618Interest expense - - - - -

954 634 6,095 6,977 4,618






HughesICF/ID - HUD

Ridge RoadICF/ID

Parkins IICF/ID

Allocated costsAdministration 67,341 75,560 68,759 79,055 58,640Building maintenance 15,181 7,617 5,550 15,175 13,049CTH management - - - - -Day program - 11,612 - - 96,891Nursing 46,211 69,327 46,218 69,327 46,218Program coordinator - - - - -Residential management 20,579 30,861 20,574 30,861 20,574

149,312 194,977 141,101 194,418 235,372

Total expenses 786,321 927,483 832,351 985,624 802,225

Net program revenue (expense) (98,386) 103,423 (160,152) 72,532 (213,154)


Gain/(loss) on retirement of capital assets - - - - -Payments from/(to) SCDDSN settlements (1,235) (1,767) (1,092) (2,274) (1,331)Transfers from/(to) general fund 99,621 (101,656) 161,244 (70,258) 214,485

Change in net position $ - $ - $ - $ - $ -





Parkins IIICF/ID

Travelers RestICF/ID - HUD

GreenvilleResidence

CRCF - HUD

GreerResidence

CRCF - HUDArlington

CTH II - HUD

PROGRAM REVENUES

StateSouth Carolina DDSN - program revenue $ 513,459 $ 523,735 $ 705,828 $ 729,239 $ 172,911South Carolina DDSN - program revenue - other - - - - -South Carolina DDSN - special grants - 1 - - 66,267South Carolina DDSN - waiver credits - - - - -South Carolina DHHS - OSS - - 53,164 47,043 -State of South Carolina PEBA Credit 2,716 3,219 3,020 3,384 1,317

516,175 526,955 762,012 779,666 240,495

LocalDonations - - - - -United Way - - - - -

- - - - -

OtherClient fees 21,547 60,923 - - -Other - 500 3,949 3,787 32Rent - - 36,241 36,835 12,576Sub-contracted Day Program slots - - - - -Vending - - - - -Work activity - - - - -

21,547 61,423 40,190 40,622 12,608

Total program revenues 537,722 588,378 802,202 820,288 253,103





Parkins IIICF/ID


GreenvilleResidence

CRCF - HUD

GreerResidence

CRCF - HUDArlington

CTH II - HUD

EXPENSES


311,385 323,395 328,669 358,379 139,186

Fringe benefitsHealth insurance 38,305 36,660 57,912 35,451 22,825Retirement 90,742 95,125 96,023 103,711 40,977Social security 22,784 23,846 23,362 25,839 10,234Unemployment insurance - - - 272 -Workers' compensation 16,314 16,670 17,279 18,980 7,478

168,145 172,301 194,576 184,253 81,514

Contractual servicesBuildings and equipment 7,834 155 101 177 77Consultants 10,436 7,263 18,934 1,309 1,281Heat, light, water, and power 9,613 - - - -Motor vehicles 684 14,378 2,140 4,954 1,303Other - 795 - - -Telephone 1,477 1,052 1,074 1,202 521Travel 5,367 225 383 958 -

35,411 23,868 22,632 8,600 3,182





Parkins IIICF/ID


GreenvilleResidence

CRCF - HUD

GreerResidence

CRCF - HUDArlington

CTH II - HUD

SuppliesEducational - - - - -Food 22,522 21,112 29,053 25,618 9,921Household 5,617 5,603 6,981 8,091 2,263Medical 6,640 7,906 968 661 334Minor equipment 5,261 310 - - 97Motor vehicle 3,576 5,748 4,003 5,529 2,482Office 748 87 528 594 29Other 1,564 1,183 8,622 7,661 233Postage 158 10 39 - -Workshop 24 - - - -

46,110 41,959 50,194 48,154 15,359

Fixed chargesInsurance - professional liability - - - - -Insurance - property 528 760 972 978 803Insurance - tort liability 1,683 1,571 1,640 1,741 609Other 1,194 - 588 453 -Rent - equipment 1,411 583 3,088 1,411 580Rent - real property - 21,613 - - -

4,816 24,527 6,288 4,583 1,992

CapitalAmortization - - - - -Depreciation 1,144 3,297 - - 1,731Interest expense - - - - -

1,144 3,297 - - 1,731





Parkins IIICF/ID


GreenvilleResidence

CRCF - HUD

GreerResidence

CRCF - HUDArlington

CTH II - HUD

Allocated costsAdministration 59,294 58,849 59,560 62,470 23,168Building maintenance 13,049 7,617 7,617 7,617 5,550CTH management - - - - 14,614Day program 91,323 99,330 - - -Nursing 46,218 46,218 69,327 69,327 23,109Program coordinator - - - - -Residential management 20,574 20,574 30,861 30,861 10,287

230,458 232,588 167,365 170,275 76,728

Total expenses 797,469 821,935 769,724 774,244 319,692

Net program revenue (expense) (259,747) (233,557) 32,478 46,044 (66,589)


Gain/(loss) on retirement of capital assets - 685 - - -Payments from/(to) SCDDSN settlements (570) (1,136) - - -Transfers from/(to) general fund 260,317 234,008 (32,478) (46,044) 66,589






Ashley OaksCTH II

Cedar GlenCTH II Blossom CTH II

Cherry GroveCTH II

ClevelandCTH II

PROGRAM REVENUES

StateSouth Carolina DDSN - program revenue $ 214,511 $ 211,995 $ 214,721 $ 259,692 $ 305,321South Carolina DDSN - program revenue - other - - - - -South Carolina DDSN - special grants - - - - -South Carolina DDSN - waiver credits - - - - -South Carolina DHHS - OSS - - - - -State of South Carolina PEBA Credit 1,465 1,424 1,020 1,308 1,342

215,976 213,419 215,741 261,000 306,663


- - - - -

OtherClient fees - - - - -Other - - 448 - 7,511Rent 38,005 38,880 37,869 33,727 35,720Sub-contracted Day Program slots - - - - -Vending - - - - -Work activity - - - - -

38,005 38,880 38,317 33,727 43,231






Ashley OaksCTH II


Cherry GroveCTH II

ClevelandCTH II

EXPENSES


130,805 154,522 111,226 155,775 147,573

Fringe benefitsHealth insurance 8,205 22,378 20,263 16,447 12,976Retirement 38,729 45,003 32,386 46,190 42,897Social security 9,879 10,946 8,056 11,391 10,827Unemployment insurance 570 - 20 - 2,941Workers' compensation 7,255 8,555 6,016 7,999 7,909

64,638 86,882 66,741 82,027 77,550

Contractual servicesBuildings and equipment 2,621 3,050 2,597 9,537 5,903Consultants 6,283 407 643 6,915 643Heat, light, water, and power 5,710 4,735 5,485 4,694 4,845Motor vehicles 1,490 388 620 955 287Other 93 10 - - 27Telephone 1,863 2,167 1,870 2,501 1,487Travel - 225 314 106 379

18,060 10,982 11,529 24,708 13,571





Ashley OaksCTH II


Cherry GroveCTH II

ClevelandCTH II

SuppliesEducational - - - - -Food 9,523 7,704 9,292 8,782 10,481Household 2,731 1,713 2,500 2,397 3,791Medical - - 4 682 342Minor equipment 333 806 888 927 3,094Motor vehicle 2,005 2,026 2,047 3,176 1,877Office 33 39 - 146 93Other 98 22 - 158 102Postage 25 - - - -Workshop - - - - -

14,748 12,310 14,731 16,268 19,780

Fixed chargesInsurance - professional liability - - - - -Insurance - property 803 784 824 748 764Insurance - tort liability 632 702 527 612 846Other - - - - -Rent - equipment 5,205 5,045 5,205 580 619Rent - real property - - - - -

6,640 6,531 6,556 1,940 2,229

CapitalAmortization - - - - -Depreciation 4,410 5,914 4,987 6,755 11,656Interest expense - - - - -

4,410 5,914 4,987 6,755 11,656





Ashley OaksCTH II


Cherry GroveCTH II

ClevelandCTH II

Allocated costsAdministration 24,700 27,467 20,600 22,981 31,196Building maintenance 13,049 13,049 13,049 13,049 13,049CTH management 14,614 14,614 14,614 14,614 14,614Day program - - - - -Nursing 23,109 23,109 23,109 23,109 23,109Program coordinator - - - - -Residential management 10,287 10,287 10,287 10,287 10,287

85,759 88,526 81,659 84,040 92,255

Total expenses 325,060 365,667 297,429 371,513 364,614

Net program revenue (expense) (71,079) (113,368) (43,371) (76,786) (14,720)


Gain/(loss) on retirement of capital assets - - - - -Payments from/(to) SCDDSN settlements - - - - -Transfers from/(to) general fund 71,079 113,368 43,371 76,786 14,720






Conner CTH IICraigo Creek

CTH IIEdgefield

CTH II - HUD Fairview CTH II Foxfire CTH II

PROGRAM REVENUES

StateSouth Carolina DDSN - program revenue $ 258,366 $ 201,905 $ 275,108 $ 247,568 $ 276,373South Carolina DDSN - program revenue - other - - - - -South Carolina DDSN - special grants - 86,755 - - -South Carolina DDSN - waiver credits - - - - -South Carolina DHHS - OSS - - - - -State of South Carolina PEBA Credit 1,268 1,101 1,018 1,586 1,092

259,634 289,761 276,126 249,154 277,465


- - - - -

OtherClient fees - - - - -Other 1,222 996 - - -Rent 33,396 33,883 12,576 37,560 37,878Sub-contracted Day Program slots - - - - -Vending - - - - -Work activity - - - - -

34,618 34,879 12,576 37,560 37,878







CTH IIEdgefield


EXPENSES


142,160 119,397 117,596 141,406 116,967

Fringe benefitsHealth insurance 16,523 8,293 18,453 23,090 12,422Retirement 41,849 34,998 34,258 41,270 34,082Social security 10,470 8,853 8,512 10,152 8,588Unemployment insurance - - - - -Workers' compensation 7,435 6,537 6,275 7,553 6,316

76,277 58,681 67,498 82,065 61,408

Contractual servicesBuildings and equipment 5,004 3,327 75 5,349 3,301Consultants 2,769 3,613 2,031 643 962Heat, light, water, and power 4,465 5,849 - 5,798 6,515Motor vehicles 4,720 4,462 957 292 212Other - - - - 30Telephone 2,266 2,823 269 2,091 2,232Travel 225 - 94 126 330

19,449 20,074 3,426 14,299 13,582






CTH IIEdgefield


SuppliesEducational - - - - -Food 9,471 9,939 10,301 9,037 8,911Household 2,812 1,966 3,129 2,191 1,791Medical 216 - - 47 -Minor equipment 4,096 885 - 1,240 2,066Motor vehicle 6,157 1,943 2,014 2,999 2,270Office 137 87 72 71 24Other 109 82 114 164 -Postage - - - - -Workshop - - - 138 -

22,998 14,902 15,630 15,887 15,062

Fixed chargesInsurance - professional liability - - - - -Insurance - property 993 745 493 714 729Insurance - tort liability 682 527 529 738 469Other - - - - -Rent - equipment 580 580 580 1,144 5,044Rent - real property - - - - -

2,255 1,852 1,602 2,596 6,242


6,880 5,387 2,617 5,401 3,695






CTH IIEdgefield



86,168 81,827 73,793 90,181 80,142

Total expenses 356,187 302,120 282,162 351,835 297,098

Net program revenue (expense) (61,935) 22,520 6,540 (65,121) 18,245


Gain/(loss) on retirement of capital assets 3,806 - - - -Payments from/(to) SCDDSN settlements - - - - -Transfers from/(to) general fund 58,129 (22,520) (6,540) 65,121 (18,245)






Greer CTH II Gresham CTH IIGridley CTH II

- HUDHampton CTH II

- HUD Hill Lane CTH II

PROGRAM REVENUES


323,989 40,230 232,352 215,399 215,706


- - - - -

OtherClient fees - - - - -Other - 7,671 - - -Rent 25,815 6,210 12,576 12,576 35,463Sub-contracted Day Program slots - - - - -Vending - - - - -Work activity - - - - -

25,815 13,881 12,576 12,576 35,463







- HUDHampton CTH II


EXPENSES


196,916 23,450 111,306 122,566 150,971

Fringe benefitsHealth insurance 26,541 (947) 15,625 17,830 18,280Retirement 58,971 8,439 33,217 36,327 44,168Social security 14,649 2,147 8,284 8,982 11,155Unemployment insurance - 1,141 - - -Workers' compensation 10,524 1,877 6,082 6,671 8,005

110,685 12,657 63,208 69,810 81,608

Contractual servicesBuildings and equipment 2,974 5,523 136 90 6,816Consultants 7,324 962 643 962 1,012Heat, light, water, and power 4,909 3,300 - - 6,536Motor vehicles 4,036 250 409 1,224 811Other 82 - - 127 -Telephone 2,187 1,673 282 518 2,088Travel - - - - 145

21,512 11,708 1,470 2,921 17,408






- HUDHampton CTH II


SuppliesEducational - - - - -Food 11,176 1,037 8,713 8,268 9,507Household 2,470 479 2,501 1,748 2,630Medical 330 109 293 181 1,637Minor equipment 1,149 824 - - 2,189Motor vehicle 2,061 277 1,833 1,084 3,024Office 53 61 177 84 30Other 425 - 116 91 109Postage - - - - -Workshop - - - - 72

17,664 2,787 13,633 11,456 19,198

Fixed chargesInsurance - professional liability - - - - -Insurance - property 627 421 716 429 808Insurance - tort liability 934 849 613 561 667Other - - - - -Rent - equipment 580 822 580 580 5,198Rent - real property - - - - -

2,141 2,092 1,909 1,570 6,673


4,808 9,013 2,493 1,725 4,137






- HUDHampton CTH II



98,697 94,696 74,459 75,646 86,358

Total expenses 452,423 156,403 268,478 285,694 366,353



Gain/(loss) on retirement of capital assets 2,730 2,986 - - 3,455Payments from/(to) SCDDSN settlements - - - - -Transfers from/(to) general fund 99,889 99,306 23,550 57,719 111,729






Jerome CTH II- HUD Jude CTH II

MaywoodCTH II - HUD

Pine RidgeCTH II

RiverdaleCTH II - HUD

PROGRAM REVENUES


262,437 202,523 269,545 249,247 212,471


- - - - -

OtherClient fees - - - - -Other - - - - -Rent 12,576 34,830 12,414 37,564 12,576Sub-contracted Day Program slots - - - - -Vending - - - - -Work activity - - - - -

12,576 34,830 12,414 37,564 12,576







MaywoodCTH II - HUD

Pine RidgeCTH II


EXPENSES


201,445 170,473 151,626 134,625 125,948

Fringe benefitsHealth insurance 17,734 10,179 25,962 18,864 13,372Retirement 58,118 49,073 44,819 38,920 36,546Social security 14,584 12,433 11,076 9,724 9,110Unemployment insurance 65 - - - -Workers' compensation 9,730 8,937 8,322 7,256 6,916

100,231 80,622 90,179 74,764 65,944

Contractual servicesBuildings and equipment 1,113 3,807 87 5,716 81Consultants 5,841 2,646 1,802 1,094 1,079Heat, light, water, and power - 4,608 - 5,056 -Motor vehicles 976 628 897 2,029 1,991Other 179 - - - -Telephone 255 1,954 248 1,747 350Travel - 317 66 - 49

8,364 13,960 3,100 15,642 3,550






MaywoodCTH II - HUD

Pine RidgeCTH II


SuppliesEducational - - - - -Food 11,391 10,329 9,886 9,644 9,345Household 3,558 2,573 1,949 2,533 2,365Medical 409 171 406 289 10Minor equipment - 2,598 - 1,645 -Motor vehicle 1,504 2,892 2,289 4,113 1,948Office 203 36 77 50 59Other 413 297 203 244 71Postage - - - - -Workshop - - - - -

17,478 18,896 14,810 18,518 13,798

Fixed chargesInsurance - professional liability - - - - -Insurance - property 461 731 654 826 488Insurance - tort liability 896 741 644 667 535Other - - - - -Rent - equipment 580 577 9,068 580 580Rent - real property - - - - -

1,937 2,049 10,366 2,073 1,603


2,671 7,910 2,366 13,976 2,323






MaywoodCTH II - HUD

Pine RidgeCTH II


Allocated costsAdministration 34,995 26,807 25,422 26,062 20,736Building maintenance 5,550 13,049 5,550 13,049 5,550CTH management 14,614 14,614 - 14,614 -Day program - - - - -Nursing 23,109 23,109 23,109 23,109 23,109Program coordinator - - - - -Residential management 10,287 10,287 10,287 10,287 10,287

88,555 87,866 64,368 87,121 59,682

Total expenses 420,681 381,776 336,815 346,719 272,848



Gain/(loss) on retirement of capital assets - - - - -Payments from/(to) SCDDSN settlements - - - - -Transfers from/(to) general fund 145,668 144,423 54,856 59,908 47,801






Rye CourtCTH II Tussock CTH II Wansley CTH II Wofford CTH II

Duncan RoadSLP II - HUD

PROGRAM REVENUES

StateSouth Carolina DDSN - program revenue $ 233,603 $ 230,251 $ 214,447 $ 226,911 $ 274,987South Carolina DDSN - program revenue - other - - - - -South Carolina DDSN - special grants - 7,444 - - 33,520South Carolina DDSN - waiver credits - - - - -South Carolina DHHS - OSS - - - - -State of South Carolina PEBA Credit 960 1,108 1,177 1,483 1,399

234,563 238,803 215,624 228,394 309,906


- - - - -

OtherClient fees - - - - -Other - 4,447 - - 14Rent 35,933 31,337 37,168 36,294 -Sub-contracted Day Program slots - - - - -Vending - - - - -Work activity - - - - -

35,933 35,784 37,168 36,294 14








EXPENSES


112,899 125,606 131,653 150,227 152,752

Fringe benefitsHealth insurance 5,243 22,023 30,124 15,551 15,261Retirement 32,579 36,696 38,558 43,953 44,550Social security 8,382 9,300 9,565 11,038 11,271Unemployment insurance - - - - -Workers' compensation 6,003 6,838 6,837 8,226 7,810

52,207 74,857 85,084 78,768 78,892

Contractual servicesBuildings and equipment 2,660 2,962 6,634 8,413 186Consultants 1,429 3,431 3,270 1,250 2,932Heat, light, water, and power 5,361 5,692 5,231 5,280 -Motor vehicles 1,072 7,671 1,127 5,433 808Other - - - - 2,812Telephone 2,723 3,117 1,969 2,090 494Travel - 51 - - 1,023

13,245 22,924 18,231 22,466 8,255







SuppliesEducational - - - - -Food 9,850 8,815 7,484 8,766 -Household 1,806 2,508 2,150 2,459 357Medical - 30 159 171 295Minor equipment 1,614 647 1,585 1,558 259Motor vehicle 2,957 3,734 4,311 5,596 3,314Office 53 112 35 35 118Other - 25 48 99 120Postage - - - - -Workshop - - - - -

16,280 15,871 15,772 18,684 4,463

Fixed chargesInsurance - professional liability - - - - -Insurance - property 722 672 881 734 555Insurance - tort liability 527 631 682 678 782Other - - - - (8)Rent - equipment 580 580 9,370 1,905 9,331Rent - real property - - - - -

1,829 1,883 10,933 3,317 10,660

CapitalAmortization - - - - -Depreciation 9,253 4,365 7,243 9,628 -Interest expense - - - - -

9,253 4,365 7,243 9,628 -







Allocated costsAdministration 20,900 23,182 24,616 28,689 26,718Building maintenance 13,049 13,049 13,049 13,049 5,550CTH management 14,614 14,614 14,614 14,614 -Day program - - - - -Nursing 23,109 23,109 23,109 23,109 69,327Program coordinator - - - - -Residential management 10,287 10,287 10,287 10,287 30,861

81,959 84,241 85,675 89,748 132,456

Total expenses 287,672 329,747 354,591 372,838 387,478



Gain/(loss) on retirement of capital assets - - 1,325 (2,021) 2,446Payments from/(to) SCDDSN settlements - - - - -Transfers from/(to) general fund 17,176 55,160 100,474 110,171 75,112






Fountain InnSLP II - HUD

PropertiesWest SLP II -

HUD

SupervisedLiving

Program I ID/RD Waiver

CommunitySupportsWaiver

Total(memorandum

only)

PROGRAM REVENUES

StateSouth Carolina DDSN - program revenue $ 246,491 $ 481,965 $ 198,003 $ 3,877,898 $ 2,873,459 $ 24,478,554South Carolina DDSN - program revenue - other - - - 36,537 - 36,537South Carolina DDSN - special grants 33,520 33,520 - - - 261,029South Carolina DDSN - waiver credits - - - (3,189,166) (194,372) (3,383,538)South Carolina DHHS - OSS - - - - - 100,207State of South Carolina PEBA Credit 1,543 1,689 243 - - 91,334

281,554 517,174 198,246 725,269 2,679,087 21,584,123

LocalDonations - 250 - - - 13,653United Way - - - - - 21,903

- 250 - - - 35,556

OtherClient fees - - - - - 517,674Other 5,980 - - 512 1,232 61,040Rent - - - - - 768,478Sub-contracted Day Program slots - - - - - 159,628Vending - - - - - 24,715Work activity - - - - - 693,206

5,980 - - 512 1,232 2,224,741

Total program revenues 287,534 517,424 198,246 725,781 2,680,319 23,844,420







HUD

SupervisedLiving



Total(memorandum

only)

EXPENSES

PersonnelConsumer salaries - - - - - 554,716Salaries 154,132 186,603 41,674 - - 9,571,477

154,132 186,603 41,674 - - 10,126,193

Fringe benefitsHealth insurance 16,120 25,511 10,716 - - 1,273,772Retirement 45,062 54,226 11,945 - - 2,810,906Social security 11,428 13,581 2,857 - - 741,625Unemployment insurance 206 - - - - 13,488Workers' compensation 8,402 10,309 2,861 - - 463,174

81,218 103,627 28,379 - - 5,302,965

Contractual servicesBuildings and equipment 295 307 383 - - 270,834Consultants 962 2,925 7,030 1,014,728 870,873 2,060,052Heat, light, water, and power - - 349 - - 240,777Motor vehicles 1,670 7,956 404 - - 197,340Other 7,499 13,533 353 42,867 36,653 121,723Telephone 1,022 1,278 1,565 - - 119,158Travel 182 - 182 - - 35,351

11,630 25,999 10,266 1,057,595 907,526 3,045,235







HUD

SupervisedLiving



Total(memorandum

only)

SuppliesEducational - - - - - 89Food - 42 - - - 475,689Household 431 185 27 - - 157,521Medical 61 219 - 38,086 8,900 131,445Minor equipment - 127 - - - 53,540Motor vehicle 7,950 6,180 1,277 - - 234,086Office 50 128 - - - 15,636Other 46 16 76 - - 37,779Postage 25 - - - - 402Workshop - - - - - 20,455

8,563 6,897 1,380 38,086 8,900 1,126,642

Fixed chargesInsurance - professional liability - - - - - 177Insurance - property 480 1,031 - - - 50,257Insurance - tort liability 724 930 159 - - 50,106Other (152) - 36 - - 4,802Rent - equipment 580 9,164 - 439 - 145,694Rent - real property - - - - - 294,291

1,632 11,125 195 439 - 545,327

CapitalAmortization - - - - - 1,105Depreciation 3,914 1,725 251 - - 296,594Interest expense - - - - - 4,542

3,914 1,725 251 - - 302,241







HUD

SupervisedLiving



Total(memorandum

only)

Allocated costsAdministration 25,522 34,571 8,065 56,627 27,195 1,890,523Building maintenance 5,550 7,617 - - - 510,983CTH management - - - - - 336,115Day program - - - - - (110,904)Nursing 69,327 115,544 - - - 1,340,314Program coordinator - - - - - 308,723Residential management 30,861 51,435 28,290 - - 624,941

131,260 209,167 36,355 56,627 27,195 4,900,695

Total expenses 392,349 545,143 118,500 1,152,747 943,621 25,349,298

Net program revenue (expense) (104,815) (27,719) 79,746 (426,966) 1,736,698 (1,504,878)


Gain/(loss) on retirement of capital assets - 2,350 - - - 19,587Payments from/(to) SCDDSN settlements - - - - - (9,405)Transfers from/(to) general fund 104,815 25,369 (79,746) 426,966 (1,736,698) 1,494,696




SCHEDULES OF REVENUES, EXPENSES, AND CHANGE IN NET POSITIONNON-CAPITATED PROGRAMSFor the Year Ended June 30, 2018

CaseManagement

FamilySupport/Respite

EarlyIntervention

RehabilitativeSupportsHASCI

HASCIWaiver

Total(memorandum

only)

PROGRAM REVENUES

FederalSCDDSN federal pass-through $ - $ - $ 515 $ - $ - $ 515

- - 515 - - 515

StateSouth Carolina DDSN - program revenue 577,354 9,251 500,580 141,795 - 1,228,980South Carolina DDSN - program revenue - other 33,511 - 7,476 - 111,430 152,417South Carolina DDSN - special grants - 20,845 - - 11,521 32,366State of South Carolina PEBA Credit 6,733 - 2,969 945 105 10,752

617,598 30,096 511,025 142,740 123,056 1,424,515

LocalDonations - - 45 - - 45

- - 45 - - 45

OtherOther 9,354 - 209 - - 9,563

9,354 - 209 - - 9,563

Total program revenues 626,952 30,096 511,794 142,740 123,056 1,434,638

EXPENSES

PersonnelSalaries 358,605 - 301,829 103,118 6,483 770,035

358,605 - 301,829 103,118 6,483 770,035

Fringe benefitsHealth insurance 50,734 - 35,202 15,628 697 102,261Retirement 112,118 - 89,037 29,811 1,905 232,871Social security 27,868 - 22,176 7,305 454 57,803Workers' compensation 10,578 - 9,037 3,585 26 23,226

201,298 - 155,452 56,329 3,082 416,161



SCHEDULES OF REVENUES, EXPENSES, AND CHANGE IN NET POSITIONNON-CAPITATED PROGRAMS - CONTINUED


CaseManagement


EarlyIntervention


HASCIWaiver

Total(memorandum

only)

Contractual servicesBuildings and equipment 5,410 - 1,043 525 - 6,978Consultants 2,496 28,591 6,473 - - 37,560Heat, light, water, and power 6,321 - 55 460 - 6,836Other 23,486 - 1,256 - - 24,742Telephone 15,455 - 6,588 5,042 - 27,085Travel 12,496 - 32,128 9,739 - 54,363

65,664 28,591 47,543 15,766 - 157,564

SuppliesEducational - - 304 79 - 383Household 356 - 89 35 - 480Medical - - - - 85,975 85,975Minor equipment (592) - - 20 - (572)Office 1,589 - 1,531 104 - 3,224Other 8 - 785 - - 793Postage 1,500 - - 57 - 1,557

2,861 - 2,709 295 85,975 91,840



SCHEDULES OF REVENUES, EXPENSES, AND CHANGE IN NET POSITIONNON-CAPITATED PROGRAMS - CONTINUED


CaseManagement


EarlyIntervention


HASCIWaiver

Total(memorandum

only)

Fixed chargesInsurance - property 217 - 53 1 - 271Insurance - tort liability 1,978 - 1,290 508 7 3,783Other - - - 120 - 120Rent - equipment 2,543 - 2,530 767 - 5,840Rent - real property 9,000 - 8,679 5,675 - 23,354

13,738 - 12,552 7,071 7 33,368

CapitalDepreciation 222 - 7,540 2,089 - 9,851

222 - 7,540 2,089 - 9,851

Allocated costsAdministration 39,645 - 45,202 16,912 2,053 103,812Building maintenance 5,668 - - 177 - 5,845Day program - - - - 25,455 25,455Quality Assurance 9,671 - 2,102 1,247 - 13,020Waiver - - - (19,890) - (19,890)

54,984 - 47,304 (1,554) 27,508 128,242

Total expenses 697,372 28,591 574,929 183,114 123,055 1,607,061

Net program revenue (expense) (70,420) 1,505 (63,135) (40,374) 1 (172,423)


Gain/(loss) on retirement of capital assets (443) - - - - (443)Payments from/(to) SCDDSN settlements (7,106) - - - - (7,106)Transfers from/(to) general fund 77,969 (1,505) 63,135 40,374 (1) 179,972




SCHEDULES OF REVENUES, EXPENSES, AND CHANGE IN NET POSITIONINTERMEDIATE COST CENTERSFor the Year Ended June 30, 2018

Maintenance Training AdministrationQuality

AssuranceDirector of

Development

PROGRAM REVENUES

FederalSouth Carolina DD Council - special grant $ - $ - $ - $ - $ -

- - - - -

StateSouth Carolina DDSN - program revenue - - 15,083 - -South Carolina DDSN - program revenue - other - - 6,498 - -South Carolina DDSN - special grants - - 684 - -State of South Carolina PEBA Credit 3,207 2,209 8,285 934 1,220

3,207 2,209 30,550 934 1,220

LocalDonations (35) - 15,198 - 2,966Fundraising - - - - 3,900United Way - - 1,847 - 70

(35) - 17,045 - 6,936

OtherLeased employees 74,430 - 174,931 - -Other - 1,785 574 - -

74,430 1,785 175,505 - -

Total program revenues 77,602 3,994 223,100 934 8,156

EXPENSES

PersonnelSalaries 355,557 227,703 943,187 101,536 30,752

355,557 227,703 943,187 101,536 30,752



SCHEDULES OF REVENUES, EXPENSES, AND CHANGE IN NET POSITIONINTERMEDIATE COST CENTERS - CONTINUED




Development

Fringe benefitsHealth insurance 51,845 21,799 86,662 11,339 2,430Retirement 105,253 67,109 279,457 29,871 9,754Social security 25,684 16,645 69,790 7,494 2,686Unemployment insurance - 57 9,466 - 11,878Workers' compensation 14,260 6,679 10,829 436 168

197,042 112,289 456,204 49,140 26,916

Contractual servicesBuildings and equipment 7,136 5,743 48,318 1,193 315Consultants - 31,590 79,047 - 3,198Heat, light, water, and power 3,430 3,029 15,676 1,603 527Motor vehicles 21,726 - 1,933 - -Other 5,013 - 35,117 35 -Telephone 7,561 7,023 26,805 1,731 902Travel 4,843 6,670 20,148 2,208 5,639

49,709 54,055 227,044 6,770 10,581

SuppliesEducational - 916 - - -Food 50 - 67 - -Household 209 873 1,702 55 -Medical - 393 - - -Minor equipment 7,104 45,927 4,522 - -Motor vehicle 20,637 - (1,955) - -Office 284 5,378 24,496 1,663 -Other 746 2,339 13,765 - 8,986Postage - 345 5,174 235 70Workshop 3,761 - 32 - -

32,791 56,171 47,803 1,953 9,056







Development

Fixed chargesAccounting and legal - - 8,266 - -Audit fees - - 33,500 - -Insurance - professional liability - - 9,202 - -Insurance - property 3,348 94 2,014 - 72Insurance - tort liability 5,259 675 5,195 548 177Other 375 9,035 9,455 - -Rent - equipment 14,463 2,329 6,556 623 -Rent - real property - - - 3,485 -

23,445 12,133 74,188 4,656 249

CapitalAmortization - - 15,738 - -Depreciation 10,714 17 74,444 2,990 212Interest expense - - 781 - -

10,714 17 90,963 2,990 212

Allocated costsAdministration - (461,444) (1,617,767) 4,746 (70,141)Building maintenance (590,456) 3,070 4,606 - 531CTH management - - - - -Nursing - - - - -Program coordinator - - - - -Residential management - - - - -Quality Assurance - - - (170,857) -

(590,456) (458,374) (1,613,161) (166,111) (69,610)

Total expenses 78,802 3,994 226,228 934 8,156

Net program revenue (expense) (1,200) - (3,128) - -







Development


Gain/(loss) on retirement of capital assets 1,200 - - - -Investment income - - 3,128 - -






ResidentialAdministration

Day ProgramServices

CTH IIAdministration Nursing

Total(memorandum

only)

PROGRAM REVENUES

FederalSouth Carolina DD Council - special grant $ - $ 61,428 $ - $ - $ 61,428

- 61,428 - - 61,428

StateSouth Carolina DDSN - program revenue - - - - 15,083South Carolina DDSN - program revenue - other - - - - 6,498South Carolina DDSN - special grants - 1,456 - - 2,140State of South Carolina PEBA Credit 2,739 1,176 1,226 7,800 28,796

2,739 2,632 1,226 7,800 52,517

LocalDonations - - - - 18,129Fundraising - - - - 3,900United Way - - - - 1,917

- - - - 23,946

OtherLeased employees - - - - 249,361Other - 500 - 22 2,881

- 500 - 22 252,242


EXPENSES

PersonnelSalaries 296,991 98,403 213,525 777,850 3,045,504

296,991 98,403 213,525 777,850 3,045,504






Day ProgramServices


Total(memorandum

only)

Fringe benefitsHealth insurance 49,731 21,732 26,687 89,919 362,144Retirement 87,423 28,480 62,465 229,590 899,402Social security 21,315 6,891 15,566 57,171 223,242Unemployment insurance - 2,933 - 3,260 27,594Workers' compensation 4,883 1,790 6,401 22,935 68,381

163,352 61,826 111,119 402,875 1,580,763

Contractual servicesBuildings and equipment 6,157 3,322 1,566 6,947 80,697Consultants 6,931 70,776 - 4,838 196,380Heat, light, water, and power 3,275 3,396 755 5,698 37,389Motor vehicles 12,090 10,521 - 2,513 48,783Other 3,094 2,967 - 4,142 50,368Telephone 8,680 4,788 4,761 14,425 76,676Travel 2,237 2,429 1,138 9,776 55,088

42,464 98,199 8,220 48,339 545,381

SuppliesEducational - - - - 916Food - 323 - - 440Household 576 15 184 1,880 5,494Medical - - - 12,922 13,315Minor equipment (2,105) 212 - 1,716 57,376Motor vehicle 368 - - 3,351 22,401Office 3,140 923 160 3,966 40,010Other 16 1,503 - 250 27,605Postage 669 86 121 - 6,700Workshop - - - - 3,793

2,664 3,062 465 24,085 178,050






Day ProgramServices


Total(memorandum

only)

Fixed chargesAccounting and legal - - - - 8,266Audit fees - - - - 33,500Insurance - professional liability - - - 4,827 14,029Insurance - property 1,409 1,486 70 1,547 10,040Insurance - tort liability 1,117 742 732 2,752 17,197Other 203 - - 325 19,393Rent - equipment 614 334 987 1,651 27,557Rent - real property - - - - 3,485

3,343 2,562 1,789 11,102 133,467

CapitalAmortization - - - - 15,738Depreciation 28,397 24,272 17 25,812 166,875Interest expense - - - - 781

28,397 24,272 17 25,812 183,394

Allocated costsAdministration 16,344 7,090 15,049 50,332 (2,055,791)Building maintenance 9,802 6,908 1,771 17,241 (546,527)CTH management - - (350,729) - (350,729)Nursing - - - (1,363,423) (1,363,423)Program coordinator - (308,723) - - (308,723)Residential management (635,228) - - - (635,228)Quality Assurance 74,152 70,649 - 13,036 (13,020)

(534,930) (224,076) (333,909) (1,282,814) (5,273,441)

Total expenses 2,281 64,248 1,226 7,249 393,118

Net program revenue (expense) 458 312 - 573 (2,985)






Day ProgramServices


Total(memorandum

only)


Gain/(loss) on retirement of capital assets (458) (312) - (573) (143)Investment income - - - - 3,128




SCHEDULES OF REVENUES, EXPENSES, AND CHANGE IN NET POSITION - SPECIAL GRANTSFor the Year Ended June 30, 2018

EnoreeCircle

HASCICTH II

CrainApartments

SLP I

EmploymentServicesHASCI

HASCICenter

PROGRAM REVENUES

FederalSCDDSN federal pass-through $ - $ - $ - $ -

- - - -

StateSouth Carolina DDSN - special grants 407,443 - 37,103 147,448State of South Carolina PEBA Credit 2,350 - 228 515

409,793 - 37,331 147,963

LocalDonations - - - -Foundation - - - 8,000

- - - 8,000

In-KindEquipment - - - 3,900

- - - 3,900

OtherRent 38,880 22,500 - 600

38,880 22,500 - 600

Total program revenues 448,673 22,500 37,331 160,463

EXPENSES

PersonnelSalaries 238,991 - 28,187 51,098

238,991 - 28,187 51,098



SCHEDULES OF REVENUES, EXPENSES, AND CHANGE IN NET POSITION - SPECIAL GRANTS - CONTINUEDFor the Year Ended June 30, 2018

EnoreeCircle

HASCICTH II

CrainApartments

SLP I


HASCICenter

Fringe benefitsHealth insurance 34,357 - 4,545 5,099Retirement 69,577 - 8,109 14,989Social security 17,573 - 2,043 3,769Workers' compensation 12,777 - 1,152 281

134,284 - 15,849 24,138

Contractual servicesBuildings and equipment 3,601 4,283 61 2,482Consultants - - - -Heat, light, water, and power 7,128 3,623 47 2,509Motor vehicles 1,264 89 - 3,565Other - - - 2,159Telephone 2,078 986 201 8,433Travel - - 4,247 9,823

14,071 8,981 4,556 28,971

SuppliesEducational - - - 424Food 12,341 - - -Household 2,167 31 - 84Medical 241 - - -Minor equipment 1,084 - 3 212Motor vehicle 2,000 - - 1,242Office 175 - 5 789Other 241 36 8 292Postage - - 6 130

18,249 67 22 3,173




EnoreeCircle

HASCICTH II

CrainApartments

SLP I


HASCICenter

Fixed chargesInsurance - property 769 1,023 - 1,006Insurance - tort liability 1,150 - 127 333Other - - - 170Rent - equipment 580 - 74 2,472Rent - real property - - 455 28,174

2,499 1,023 656 32,155

CapitalDepreciation 8,277 12,438 1,963 9,163

8,277 12,438 1,963 9,163

Allocated costsAdministration 41,942 580 4,232 12,198Building maintenance 13,049 10,982 59 5,609CTH management 14,614 - - -Day program - - - -Nursing 23,109 - - -Residential management 10,287 - - -Waiver 19,890 - - -

122,891 11,562 4,291 17,807

Total expenses 539,262 34,071 55,524 166,505

Net program revenue (expense) (90,589) (11,571) (18,193) (6,042)


Gain/(loss) on retirement of capital assets - - - 5,476Payments from/(to) SCDDSN settlements - - - -Transfers from/(to) general fund 90,589 11,571 18,193 566

Change in net position $ - $ - $ - $ -




SummerServices

StateFunded

CommunitySupports

BarbaraStone

FoundationGrant

Total(memorandum

only)

PROGRAM REVENUES

FederalSCDDSN federal pass-through $ 6,602 $ - $ - $ 6,602

6,602 - - 6,602

StateSouth Carolina DDSN - special grants - 105,321 - 697,315State of South Carolina PEBA Credit - - - 3,093

- 105,321 - 700,408

LocalDonations - - 33,437 33,437Foundation - - - 8,000

- - 33,437 41,437

In-KindEquipment - - - 3,900

- - - 3,900

OtherRent - - - 61,980

- - - 61,980

Total program revenues 6,602 105,321 33,437 814,327

EXPENSES

PersonnelSalaries - - - 318,276

- - - 318,276




SummerServices

StateFunded

CommunitySupports

BarbaraStone

FoundationGrant

Total(memorandum

only)

Fringe benefitsHealth insurance - - - 44,001Retirement - - - 92,675Social security - - - 23,385Workers' compensation - - - 14,210

- - - 174,271

Contractual servicesBuildings and equipment - - - 10,427Consultants 7,027 17,812 33,437 58,276Heat, light, water, and power - - - 13,307Motor vehicles - - - 4,918Other - - - 2,159Telephone - - - 11,698Travel - - - 14,070

7,027 17,812 33,437 114,855

SuppliesEducational - - - 424Food - - - 12,341Household - - - 2,282Medical - 2,060 - 2,301Minor equipment - - - 1,299Motor vehicle - - - 3,242Office - - - 969Other - - - 577Postage - - - 136

- 2,060 - 23,571




SummerServices

StateFunded

CommunitySupports

BarbaraStone

FoundationGrant

Total(memorandum

only)

Fixed chargesInsurance - property - - - 2,798Insurance - tort liability - - - 1,610Other - - - 170Rent - equipment - - - 3,126Rent - real property - - - 28,629

- - - 36,333

CapitalDepreciation - - - 31,841

- - - 31,841

Allocated costsAdministration - 2,504 - 61,456Building maintenance - - - 29,699CTH management - - - 14,614Day program - 85,449 - 85,449Nursing - - - 23,109Residential management - - - 10,287Waiver - - - 19,890

- 87,953 - 244,504

Total expenses 7,027 107,825 33,437 943,651

Net program revenue (expense) (425) (2,504) - (129,324)


Gain/(loss) on retirement of capital assets - - - 5,476Payments from/(to) SCDDSN settlements - 15 - 15Transfers from/(to) general fund 425 2,489 - 123,833

Change in net position $ - $ - $ - $ -


GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARD COMBINING SCHEDULE - STATEMENT OF NET POSITION

As of June 30, 2018

GreenvilleCounty DSN

BoardAyres Housing,

Inc.

BrowningDevelopment,

Inc.GA Properties,

Inc.

StoneDevelopment,

Inc. Total

ASSETS

Current assets

Cash and cash equivalents $ 1,488,076 $ 20,982 $ 182 $ 41,342 $ 257 $ 1,550,839Accounts receivable 497,878 - 160 2,068 2,268 502,374Inventories 593 - - - - 593Prepaid expenses 27,176 825 626 11,458 1,170 41,255

Total current assets 2,013,723 21,807 968 54,868 3,695 2,095,061

Noncurrent assets

Restricted cash and cash equivalents - 42,579 16,653 342,162 44,787 446,181Land, construction in progress, and idle assets 842,230 39,370 40,645 157,248 29,179 1,108,672Other capital assets, net of accumulated depreciation 3,980,253 413,385 279,945 1,721,739 242,214 6,637,536Intangible assets, net of accumulated amortization 10,630 - - 90,761 - 101,391Other assets 11,792 - - - - 11,792

Total noncurrent assets 4,844,905 495,334 337,243 2,311,910 316,180 8,305,572

TOTAL ASSETS 6,858,628 517,141 338,211 2,366,778 319,875 10,400,633

DEFERRED OUTFLOWS OF RESOURCES

Deferred outflows - pension 6,745,252 - - - - 6,745,252Deferred outflows - OPEB 5,084 - - - - 5,084

TOTAL DEFERRED OUTFLOWS OF RESOURCES 6,750,336 - - - - 6,750,336

TOTAL ASSETS AND DEFERRED OUTFLOWS OF RESOURCES $ 13,608,964 $ 517,141 $ 338,211 $ 2,366,778 $ 319,875 $ 17,150,969


GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARD COMBINING SCHEDULE - STATEMENT OF NET POSITION - CONTINUED

As of June 30, 2018


BoardAyres Housing,

Inc.


Inc.GA Properties,

Inc.

StoneDevelopment,

Inc. Total

LIABILITIES

Current liabilities

Accounts payable $ 294,732 $ 12,677 $ 1,212 $ 25,903 $ 3,196 $ 337,720Accounts payable - SCDDSN 599,680 - - - - 599,680Accrued interest - - - 8,290 - 8,290Accrued liabilities - - - 29,206 - 29,206Accrued payroll 362,320 - - - - 362,320Accrued payroll taxes and employee withholding 365,270 - - - - 365,270Unearned revenue 212,160 - - - - 212,160Due to consumers 128,543 2,685 2,193 11,882 2,710 148,013Current portion of notes payable 4,575 - - 51,350 - 55,925Current portion of intercompany payable (2,367) 2,367 - - - -

Total current liabilities 1,964,913 17,729 3,405 126,631 5,906 2,118,584

Noncurrent liabilities

Notes payable, net of current portion 128,955 - - 2,552,806 - 2,681,761Accrued compensated absences 379,767 - - - - 379,767Other post-employment benefits 188,647 - - - - 188,647Capital advance - 867,500 622,500 - 539,700 2,029,700Net pension liability 32,567,725 - - - - 32,567,725Intercompany payable, net of current portion (58,163) - 41,286 9,619 7,258 -

Total noncurrent liabilities 33,206,931 867,500 663,786 2,562,425 546,958 37,847,600

TOTAL LIABILITIES 35,171,844 885,229 667,191 2,689,056 552,864 39,966,184

DEFERRED INFLOWS OF RESOURCES

Deferred inflows - pension 26,466 - - - - 26,466

TOTAL DEFERRED INFLOWS OF RESOURCES 26,466 - - - - 26,466


GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARD COMBINING SCHEDULE - STATEMENT OF NET POSITION - CONTINUED

As of June 30, 2018


BoardAyres Housing,

Inc.


Inc.GA Properties,

Inc.

StoneDevelopment,

Inc. Total

NET POSITION

Net investment in capital assets 4,699,583 (414,745) (301,910) (634,408) (268,307) 3,080,213Restricted for restricted assets - 42,579 16,653 342,162 44,787 446,181Unrestricted (26,288,929) 4,078 (43,723) (30,032) (9,469) (26,368,075)

TOTAL NET POSITION (21,589,346) (368,088) (328,980) (322,278) (232,989) (22,841,681)

TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES, ANDNET POSITION $ 13,608,964 $ 517,141 $ 338,211 $ 2,366,778 $ 319,875 $ 17,150,969


GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARD COMBINING SCHEDULE - STATEMENT OF ACTIVITIES



BoardAyres

Housing, Inc.


Inc.GA Properties,

Inc.

StoneDevelopment,

Inc. Total

EXPENSES

Personnel $ 14,260,008 $ - $ - $ - $ - $ 14,260,008Fringe benefits 7,474,160 - - - - 7,474,160Contractual services 3,863,035 47,128 32,539 129,261 37,664 4,109,627Supplies 1,420,103 8,666 5,708 24,464 5,935 1,464,876Fixed charges 748,495 10,335 8,308 53,675 9,747 830,560Capital 522,004 31,179 20,653 173,138 26,201 773,175Interest expense 5,323 - - 100,352 - 105,675

Total expenses 28,293,128 97,308 67,208 480,890 79,547 29,018,081

PROGRAM REVENUES

Charges for services 2,450,327 14,459 17,214 96,857 14,506 2,593,363Operating grants and contributions 23,931,092 69,227 24,271 376,352 47,109 24,448,051Other 102,099 - - - - 102,099

Total program revenues 26,483,518 83,686 41,485 473,209 61,615 27,143,513

Net program expense (revenue) 1,809,610 13,622 25,723 7,681 17,932 1,874,568

Change in net position before non-program revenues(expenses) (1,809,610) (13,622) (25,723) (7,681) (17,932) (1,874,568)


Payments from/(to) SCDDSN settlements (16,496) - - - - (16,496)Gain/(loss) on retirement of capital assets 24,477 - - - (944) 23,533Investment earnings 3,128 60 18 135 69 3,410

Change in net position (1,798,501) (13,562) (25,705) (7,546) (18,807) (1,864,121)

NET POSITION - BEGINNING, AS RESTATED (19,790,845) (354,526) (303,275) (314,732) (214,182) (20,977,560)

NET POSITION - ENDING $ (21,589,346) $ (368,088) $ (328,980) $ (322,278) $ (232,989) $ (22,841,681)


REPORT ON COMPLIANCE WITH SOUTH CAROLINA DEPARTMENT OF DISABILITIESAND SPECIAL NEEDS' PROVIDER AUDIT POLICY

South Carolina Department of Disabilities and Special NeedsPost Office Box 4706Columbia, South Carolina 29240

We have read and complied with South Carolina Department of Disabilities and Special Needs' Procedure for Implementationof SCDDSN Provider Audit Policy dated April 10, 2018, in connection with our audit of the general purpose financialstatements of Greenville County Disabilities and Special Needs Board as of and for the year ended June 30, 2018.


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QB@ &"//#+*$9 H('*+*+= W"/- YY T ;'*(:*-b BJCAJLSM BRBCE BRBCE C?A@SKM CR?CE CR?CE SA??JM BRCSE BRCSE BAQKCM

QBC &"//#+*$9 H('*+*+= W"/- YY T 71%)-9 G'X1 B?KA?@CM BRBCE BRBCE C?A@SKM CRCCE CRCCE ?AJQSM CRDCE CRDCE BA?JCM

QBB &"//#+*$9 H('*+*+= W"/- YY T W*)) F+ BQKAKKLM BRBCE BRBCE C?A@SKM CRCCE CRCCE ?AJQSM CRDCE CRDCE BA?JCM

QB? &"//#+*$9 H('*+*+= W"/- YY T H#11"4X V3 BSLAL@JM BRBCE BRBCE C?A@SKM CR@CE CR@CE ?A?S?M CRJSE CRJSE BAC?KM

QBS &"//#+*$9 H('*+*+= W"/- YY T 6)"11"/ BCLAQQ@M BRBCE BRBCE C?A@SKM @RKCE @RKCE ?A@CBM CRSDE CRSDE CAK?@M

QBL <+"(-- &*(4)- T W7!&Y W"/- SCJA?QCM BRBCE BRBCE C?A@SKM CRDBE CRDBE JA@BSM BRKJE BRKJE ?ADJCM

QBJ &"//#+*$9 H('*+*+= W"/- YY T >#3- BK?AKC@M BRBCE BRBCE C?A@SKM CRCCE CRCCE ?AJQSM CRDCE CRDCE BA?JCM

QBQ &"//#+*$9 H('*+*+= W"/- YY T V9- &$ B@LAQC?M BRBCE BRBCE C?A@SKM @RKCE @RKCE ?A@CBM CRSDE CRSDE CAK?@M

QBD &"//#+*$9 H('*+*+= W"/- YY T 6'(+ !b'))"b BQQACSCM BRBCE BRBCE C?A@SKM CRBCE CRBCE SA@@LM CRKQE CRKQE BALQ@M

QBK &"//#+*$9 H('*+*+= W"/- YY T &"++-( BQ@A@CKM BRBCE BRBCE C?A@SKM CRCCE CRCCE ?AJQSM CRDCE CRDCE BA?JCM

Q?@ &"//#+*$9 H('*+*+= W"/- YY T `"00"(3 BD?A@K@M BRBCE BRBCE C?A@SKM CR?CE CR?CE SA??JM BRCSE BRCSE BAQKCM

Q?C &"//#+*$9 H('*+*+= W"/- YY T `'+1)-9 BJDAKCJM BRBCE BRBCE C?A@SKM CRCCE CRCCE ?AJQSM CRDCE CRDCE BA?JCM

D@@ `'*:-( S@CAQSSM @R@@E @R@@E TM

D@B &"//#+*$9 !#.."($1 `'*:-( JKQAK?@M @R@@E @R@@E TM @R@@E @R@@E TM

D@? !$'$- ;#+3-3 &"//#+*$9 !#.."($1 CKADQBM @R@@E @R@@E TM

D@L W7!&Y T `'*:-( KLALSQM @R@@E @R@@E TM

DC@ W7!&Y &-+$-( CSDAJKDM @RKLE @RKLE LAJ@KM @RS@E @RS@E CA?BSM

DCL W7!&Y V-%'2*)*$'$*"+ CDSAJJDM @R@?E @R@?E CQQM @RDCE @RDCE BAJDCM

@R@@E @R@@E TM @R@@E @R@@E TM @R@@E @R@@E TM

BJAJCQASLDM C@@R@@E C@@R@@E @M C@@R@@E C@@R@@E @M C@@R@@E C@@R@@E N@OM

! "#$ !

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!"#$% &'(")*+' ,-.'($/-+$ "0 ,*1'2*)*$*-1

'+3 !.-4*') 5--31 6"'(3

&"1$ 7))"4'$*"+ 8)'+ 0"( &"//#+*$9 8(":*3-(1

;"( 8-(*"3 <+3*+= >#+- ?@A B@CD

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8123593:0/23;

C@? I'*+$-+'+4- JJKABLDM

I'*+$-+'+4- 73P#1$/-+$1 NQDAD@BOM

C@D H('*+*+= ?BDADKCM

H('*+*+= 73P#1$/-+$1 NKLBOM

CKK G(*-+$'$*"+ H('*+*+= C??ASQQM

G(*-+$'$*"+ H('*+*+= 73P#1$/-+$1 N?A@SBOM

C@C 73/*+*1$('$*"+ CAD?KA?DKM

73/*+*1$('$*"+ 73P#1$/-+$1 NBBJABBDOM

C@K U#')*$9 711#('+4- CJQA@SLM

U#')*$9 711#('+4- 73P#1$/-+$1 NK?SOM

C@J ,*(-4$"( "0 ,-:-)"./-+$ QQAQJJM

,*(-4$"( "0 ,-:-)"./-+$ 73P#1$/-+$1 NDACLJOM

C@S V-1*3-+$*') L?QABCCM

V-1*3-+$*') 73P#1$/-+$1 NBABDCOM

C@L ,'9 !-(:*4-1 BDDA?BSM

,'9 !-(:*4-1 73P#1$/-+$1 NJSABSDOM

C@Q &HW &""(3*+'$"(1 ??LAC?LM

&HW &""(3*+'$"(1 73P#1$/-+$1 NCABBJOM

C@B 5#(1*+= CABK@A@J?M

5#(1*+= 73P#1$/-+$1 NQABSKOM

SC@ ,'9 8("=('/ T 8'$(*4X &$( CABLDA?J@M

,'9 8("=('/ T 8'$(*4X &$( 73P#1$/-+$1 NCSDAJJDOM

SCC ,'9 8("=('/ T ;"#+$'*+ Y++ SJSA?SBM

,'9 8("=('/ T ;"#+$'*+ Y++ 73P#1$/-+$1 NQBAK?BOM

SC? ,'9 8("=('/ T 6)#- V*3=- CASSJA?Q@M

,'9 8("=('/ T 6)#- V*3=- 73P#1$/-+$1 NLAKCSOM

SCB ,'9 8("=('/ T Z(--( QQSASJQM

,'9 8("=('/ T Z(--( 73P#1$/-+$1 NQ?ACCCOM

*01/<;

CB@ !-(:*4- &""(3*+'$*"+ LK?AKKSM

CBB !-(:*4- &""(3*+'$*"+ T W7!&Y SDA?KSM

BC@ [*3\-+$#(-1 N<YO LBQAJBLM

?@C Y&;]Y, &*:*$'+ J?QA@@KM

?@B Y&;]Y, V*3=- V"'3 QKCAB@JM

?@? Y&;]Y, 8'(X*+1 Y LJJADL?M

?@S Y&;]Y, 8'(X*+1 YY LJQA@CCM

?CL Y&;]Y, W#=%-1 NW^,O JKCABL@M

?CJ Y&;]Y, H(':-)-(1 V-1$ NW^,O LDKA?SQM

?CQ Y&;]Y, ;"#+$'*+ Y++ NW^,O Q?BAL@JM

S@@ 72*)*_#-1$ CA?JCACJBM

S@C </.)"9/-+$ !-(:*4-1 BBKA?SDM

S@B </.)"9/-+$ !-(:*4-1 T W7!&Y LCAB??M

SC@ ,'9 8("=('/ T 8'$(*4X &$(

SCC ,'9 8("=('/ T ;"#+$'*+ Y++

SCB ,'9 8("=('/ T Z(--(

SC? ,'9 8("=('/ T 6)#- V*3=-

L@C &V&; Z(--+:*))- V-1*3-+4- NW^,O J@BA?LKM

L@B &V&; Z(--( V-1*3-+4- NW^,O J@?AKJKM

J@C !#.-(:*1-3 F*:*+= 8("=('/ Y DBACSLM

J@B !#.-(:*1-3 F*:*+= 8("=('/ Y T &('*+ 7.$1 BBAL@KM

JLC !#.-(:*1-3 F*:*+= 8("=('/ YY T ,#+4'+ V"'3 NW^,O BLLA@BBM

JLB !#.-(:*1-3 F*:*+= 8("=('/ YY T ;"#+$'*+ Y++ NW^,O BJCA@DKM

JL? !#.-(:*1-3 F*:*+= 8("=('/ YY T 8(".-($*-1 `-1$ NW^,O ??LAKQJM

Q@B &"//#+*$9 H('*+*+= W"/- YY T 7$%-($"+ TM

Q@? &"//#+*$9 H('*+*+= W"/- YY T Z#))*:-( N&('*=" &(--XO BB@ABK?M

Q@S &"//#+*$9 H('*+*+= W"/- YY T Z(--( ?L?AQBJM

Q@Q &"//#+*$9 H('*+*+= W"/- YY T &%-((9 &":- BDQASQ?M

Q@K &"//#+*$9 H('*+*+= W"/- YY T ;"a0*(- BCJAKLJM

QC@ &"//#+*$9 H('*+*+= W"/- YY T 8*+- V*3=- BLKALKDM

QCC &"//#+*$9 H('*+*+= W"/- YY T W'/.$"+ NW^,O BC@A@SDM

QCB &"//#+*$9 H('*+*+= W"/- YY T >-("/- NW^,O ??BACBJM

QC? &"//#+*$9 H('*+*+= W"/- YY T I'9b""3 NW^,O BQBASSQM

QCS &"//#+*$9 H('*+*+= W"/- YY T &)-:-)'+3 BQBA?LKM

QCL &"//#+*$9 H('*+*+= W"/- YY T V*:-(3')- NW^,O BC?ACJJM

QCJ &"//#+*$9 H('*+*+= W"/- YY T <3=-0*-)3 NW^,O B@DA?JKM

QCQ &"//#+*$9 H('*+*+= W"/- YY T 7()*+=$"+ NW^,O BSBAKJSM

QCD &"//#+*$9 H('*+*+= W"/- YY T Z(*3)-9 NW^,O CKSA@CKM

QCK &"//#+*$9 H('*+*+= W"/- YY T Z(-1%'/ JCAQ@QM

QB@ &"//#+*$9 H('*+*+= W"/- YY T ;'*(:*-b BJCAJLSM

QBC &"//#+*$9 H('*+*+= W"/- YY T 71%)-9 G'X1 B?KA?@CM

QBB &"//#+*$9 H('*+*+= W"/- YY T W*)) F+ BQKAKKLM

QB? &"//#+*$9 H('*+*+= W"/- YY T H#11"4X V3 BSLAL@JM

QBS &"//#+*$9 H('*+*+= W"/- YY T 6)"11"/ BCLAQQ@M

QBL <+"(-- &*(4)- T W7!&Y W"/- SCJA?QCM

QBJ &"//#+*$9 H('*+*+= W"/- YY T >#3- BK?AKC@M

QBQ &"//#+*$9 H('*+*+= W"/- YY T V9- &$ B@LAQC?M

QBD &"//#+*$9 H('*+*+= W"/- YY T 6'(+ !b'))"b BQQACSCM

QBK &"//#+*$9 H('*+*+= W"/- YY T &"++-( BQ@A@CKM

Q?@ &"//#+*$9 H('*+*+= W"/- YY T `"00"(3 BD?A@K@M

Q?C &"//#+*$9 H('*+*+= W"/- YY T `'+1)-9 BJDAKCJM

D@@ `'*:-( S@CAQSSM

D@B &"//#+*$9 !#.."($1 `'*:-( JKQAK?@M

D@? !$'$- ;#+3-3 &"//#+*$9 !#.."($1 CKADQBM

D@L W7!&Y T `'*:-( KLALSQM

DC@ W7!&Y &-+$-( CSDAJKDM

DCL W7!&Y V-%'2*)*$'$*"+ CDSAJJDM

BJAJCQASLDM

+:9010=25/2071 >0534275 7? >3@3<7A9312

!$'$ E 7FFG& !$'$ E 7FFG& E 7FFG&

NCADLLAQCBOM

BBJABBDM

@RBCE @RBCE ?ASBBM NCQCAQKCOM

K?SM

ND@A?CQOM

DACLJM

@RJCE @RJCE KAKS@M S?RS@E S?RS@E QSACLBM J?LAD@LM BR?JE CAQ@SM

@RBLE @RBLE SA@QSM SCR?LE SCR?LE Q@AJSKM ?QCAKQLM CR?DE KKQM

@RJBE @RJBE C@AC@?M @R@@E @R@@E TM ?LCA@CSM CR?@E KSCM

CRKJE CRKJE ?CAK?DM QRJ?E QRJ?E C?A@?JM CA?JQA@@KM LR@DE ?AJJSM

JR?LE JR?LE C@?ASQBM @R@@E @R@@E TM CASCSADC?M LRBJE ?AQKBM

@RDSE @RDSE C?AJDDM @R@@E @R@@E TM SKKASCJM CRDJE CA??KM

QRJKE QRJKE CBLA?@QM @R@@E @R@@E TM CAJ?QAQKJM JR@DE SA?K@M

?RSKE ?RSKE LJADJKM @R@@E @R@@E TM DLSAQSLM ?RCDE BABKCM

CRQJE CRQJE BDAJQKM SRS?E SRS?E QALJKM JSCAKKJM BR?DE CAQBCM

@RC?E @RC?E BACCDM CRB?E CRB?E BAC@BM L?ALCBM @RB@E CS?M

BR?CE BR?CE ?QAJSCM CRB?E CRB?E BAC@BM LQ?A?KBM BRC?E CAL?QM

BRKQE BRKQE SDA?KJM @R@@E @R@@E TM QCQALKBM BRJQE CAKB?M

?RLJE ?RLJE LDA@C@M @R@@E @R@@E TM DD?A@JDM ?RBDE BA?JQM

BRLLE BRLLE SCALLBM @R@@E @R@@E TM J?JAD?LM BR?QE CAQ@QM

BRLKE BRLKE SBAB@SM @R@@E @R@@E TM J?QAJSSM BR?QE CAQ@KM

?R@LE ?R@LE SKAJKKM @R@@E @R@@E TM QJ?ALCBM BRDSE BA@SQM

BRLJE BRLJE SCAQCLM @R@@E @R@@E TM JLSA@LKM BRS?E CAQL?M

?R?KE ?R?KE LLABS@M @R@@E @R@@E TM DC?AL@CM ?R@BE BACDCM

SRJSE SRJSE QLAJ@DM @R@@E @R@@E TM CASLLACDCM LRSCE ?AK@CM

CRJ@E CRJ@E BJA@QBM @R@@E @R@@E TM BJDAJB?M CR@@E QB@M

@RBCE @RBCE ?ASBBM @R@@E @R@@E TM LLA?QJM @RBCE CSDM

BRJQE BRJQE S?AL@QM @R@@E @R@@E TM JJQAQSLM BRSDE CAQK@M

BRQDE BRQDE SLA?@@M @R@@E @R@@E TM JQBABL?M BRL@E CAD@BM

@R?DE @R?DE JACKBM @R@@E @R@@E TM DKAKJKM @R??E BSCM

@R@?E @R@?E SDKM @R@@E @R@@E TM ??AKD@M @RC?E KCM

CRCBE CRCBE CDABL@M @R@@E @R@@E TM BDJALB?M CR@JE QJDM

CRCLE CRCLE CDAQ?KM @R@@E @R@@E TM BKCA?D@M CR@DE QDCM

CRLBE CRLBE BSAQJDM @R@@E @R@@E TM ?QQACLSM CRS@E CA@CCM

@R@@E @R@@E TM @R@@E @R@@E TM TM @R@@E TM

@RK?E @RK?E CLACLSM @R@@E @R@@E TM BL?AS?KM @RKSE JQKM

CRJQE CRJQE BQABCBM @R@@E @R@@E TM S@?A???M CRL@E CA@DCM

CR@BE CR@BE CJAJBCM @R@@E @R@@E TM ?BBAJ?DM CRB@E DJLM

@RDJE @RDJE CSA@CSM @R@@E @R@@E TM BSDASBBM @RKBE JJJM

CRCDE CRCDE CKABBDM @R@@E @R@@E TM BKQAKC@M CRCCE QKKM

@RKDE @RKDE CLAKJKM @R@@E @R@@E TM B?QA@L@M @RDDE J?LM

CRLDE CRLDE BLAQSJM @R@@E @R@@E TM ?QCAJQLM CR?DE KKJM

CRCSE CRCSE CDALQJM @R@@E @R@@E TM ?@BAJ@DM CRCBE DCCM

CR?KE CR?KE BBAJL@M @R@@E @R@@E TM ?CLAQLDM CRCQE DSJM

@RK?E @RK?E CLACLSM @R@@E @R@@E TM B?DADC?M @RDKE JS@M

@RK@E @RK@E CSAJJLM @R@@E @R@@E TM B??ALBQM @RDQE JBJM

CR@SE CR@SE CJAKSQM @R@@E @R@@E TM BQ@AKLJM CR@CE QBJM

@RKCE @RKCE CSADBDM @R@@E @R@@E TM BCKADD@M @RDBE LDKM

CRLSE CRLSE BLA@KSM @R@@E @R@@E TM C@DAC@?M @RS@E BK@M

CR?@E CR?@E BCACD?M @R@@E @R@@E TM ?@?A@CSM CRC?E DCBM

CRC@E CRC@E CQAKBSM @R@@E @R@@E TM BQJA?@KM CR@?E QSCM

CRC?E CRC?E CDASC?M @R@@E @R@@E TM ?CQASKBM CRCDE DLCM

CR@SE CR@SE CJAKSQM @R@@E @R@@E TM BD@AKDSM CR@SE QL?M

@RKBE @RKBE CSAKKCM @R@@E @R@@E TM BSDAQL?M @RKBE JJQM

CRDKE CRDKE ?@AQKQM @R@@E @R@@E TM SQ@AC@?M CRQLE CABJ@M

CRBBE CRBBE CKADD@M @R@@E @R@@E TM ??BADQSM CRBSE DKBM

@RKSE @RKSE CLA?CQM @R@@E @R@@E TM B?KA@BBM @RDKE JSCM

CRB?E CRB?E B@A@S?M @R@@E @R@@E TM ?CJAD@DM CRCDE DSKM

CRCBE CRCBE CDABL@M @R@@E @R@@E TM ?@QA?L?M CRCSE DBSM

CRBQE CRBQE B@AJKSM @R@@E @R@@E TM ?B?AKJCM CRB@E DJDM

CR@KE CR@KE CQAQJCM @R@@E @R@@E TM ?@LAQJBM CRCSE DB@M

?RS@E ?RS@E LLAS@BM @R@@E @R@@E TM SLQACSJM CRQ@E CABBLM

CRLLE CRLLE BLABLQM @R@@E @R@@E TM QB?ACDQM BRJKE CAK?DM

@RCLE @RCLE BASSSM @R@@E @R@@E TM BBA?CJM @R@DE J@M

@RCCE @RCCE CAQKBM @R@@E @R@@E TM KQA??KM @R?JE BJCM

@RJSE @RJSE C@ASBKM @R@@E @R@@E TM CJJA@J@M @RJBE SSLM

@RDSE @RDSE C?AJDDM @RQ?E @RQ?E CABSQM B@BASJCM @RQLE LS?M

@R@@E @R@@E TM @R@@E @R@@E TM TM @R@@E TM

C@@R@@E C@@R@@E @M C@@R@@E C@@R@@E @M BJAKB@AKBJM C@@R@@E @M

BC/<02D +==C5/143

! "#" !

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'+3 !.-4*') 5--31 6"'(3

&"1$ 7))"4'$*"+ 8)'+ 0"( &"//#+*$9 8(":*3-(1

;"( 8-(*"3 <+3*+= >#+- ?@A B@CD

!"# "$%"!&"&

'(&# '"!#")& *() +,,('-

8123593:0/23;


I'*+$-+'+4- 73P#1$/-+$1 NQDAD@BOM


H('*+*+= 73P#1$/-+$1 NKLBOM

CKK G(*-+$'$*"+ H('*+*+= C??ASQQM

G(*-+$'$*"+ H('*+*+= 73P#1$/-+$1 N?A@SBOM

C@C 73/*+*1$('$*"+ CAD?KA?DKM

73/*+*1$('$*"+ 73P#1$/-+$1 NBBJABBDOM

C@K U#')*$9 711#('+4- CJQA@SLM

U#')*$9 711#('+4- 73P#1$/-+$1 NK?SOM

C@J ,*(-4$"( "0 ,-:-)"./-+$ QQAQJJM

,*(-4$"( "0 ,-:-)"./-+$ 73P#1$/-+$1 NDACLJOM


V-1*3-+$*') 73P#1$/-+$1 NBABDCOM

C@L ,'9 !-(:*4-1 BDDA?BSM

,'9 !-(:*4-1 73P#1$/-+$1 NJSABSDOM

C@Q &HW &""(3*+'$"(1 ??LAC?LM

&HW &""(3*+'$"(1 73P#1$/-+$1 NCABBJOM


5#(1*+= 73P#1$/-+$1 NQABSKOM

SC@ ,'9 8("=('/ T 8'$(*4X &$( CABLDA?J@M

,'9 8("=('/ T 8'$(*4X &$( 73P#1$/-+$1 NCSDAJJDOM

SCC ,'9 8("=('/ T ;"#+$'*+ Y++ SJSA?SBM

,'9 8("=('/ T ;"#+$'*+ Y++ 73P#1$/-+$1 NQBAK?BOM

SC? ,'9 8("=('/ T 6)#- V*3=- CASSJA?Q@M

,'9 8("=('/ T 6)#- V*3=- 73P#1$/-+$1 NLAKCSOM


,'9 8("=('/ T Z(--( 73P#1$/-+$1 NQ?ACCCOM

*01/<;

CB@ !-(:*4- &""(3*+'$*"+ LK?AKKSM

CBB !-(:*4- &""(3*+'$*"+ T W7!&Y SDA?KSM


?@C Y&;]Y, &*:*$'+ J?QA@@KM


?@? Y&;]Y, 8'(X*+1 Y LJJADL?M




?CQ Y&;]Y, ;"#+$'*+ Y++ NW^,O Q?BAL@JM


S@C </.)"9/-+$ !-(:*4-1 BBKA?SDM

S@B </.)"9/-+$ !-(:*4-1 T W7!&Y LCAB??M

SC@ ,'9 8("=('/ T 8'$(*4X &$(

SCC ,'9 8("=('/ T ;"#+$'*+ Y++

SCB ,'9 8("=('/ T Z(--(

SC? ,'9 8("=('/ T 6)#- V*3=-

L@C &V&; Z(--+:*))- V-1*3-+4- NW^,O J@BA?LKM

L@B &V&; Z(--( V-1*3-+4- NW^,O J@?AKJKM

J@C !#.-(:*1-3 F*:*+= 8("=('/ Y DBACSLM

J@B !#.-(:*1-3 F*:*+= 8("=('/ Y T &('*+ 7.$1 BBAL@KM




Q@B &"//#+*$9 H('*+*+= W"/- YY T 7$%-($"+ TM


Q@S &"//#+*$9 H('*+*+= W"/- YY T Z(--( ?L?AQBJM

Q@Q &"//#+*$9 H('*+*+= W"/- YY T &%-((9 &":- BDQASQ?M

















QBL <+"(-- &*(4)- T W7!&Y W"/- SCJA?QCM

QBJ &"//#+*$9 H('*+*+= W"/- YY T >#3- BK?AKC@M



QBK &"//#+*$9 H('*+*+= W"/- YY T &"++-( BQ@A@CKM

Q?@ &"//#+*$9 H('*+*+= W"/- YY T `"00"(3 BD?A@K@M


D@@ `'*:-( S@CAQSSM

D@B &"//#+*$9 !#.."($1 `'*:-( JKQAK?@M

D@? !$'$- ;#+3-3 &"//#+*$9 !#.."($1 CKADQBM




BJAJCQASLDM

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BABDCM

N?QBAKQBOM

JSABSDM

TM @R@@E TM N?LCAKLLOM

CABBJM

TM @R@@E TM

CASCSADC?M B?R@DE QCABSQM

SKKASCJM DRCLE BLACL@M

CAJ?QAQKJM BJRQBE DBASQJM

DLSAQSLM C?RKSE S?A@S?M

D ?RBSE B@ALQSM

CB SRDJE ?@ADJCM

D ?RBSE B@ALQSM

D ?RBSE B@ALQSM

D ?RBSE B@ALQSM

D ?RBSE B@ALQSM

CB SRDJE ?@ADJCM

CASLLACDCM B?RQSE Q?ABD@M

BJDAJB?M SR?DE C?ALBQM

CB SRDJE ?@ADJCM

CB SRDJE ?@ADJCM

CC SRSLE BDABK@M

T @R@@E TM

CB SRDJE ?@ADJCM

CB SRDJE ?@ADJCM

B@ DRC@E LCAS?LM

T @R@@E TM

S CRJBE C@ABDQM S SRCQE CSAJCSM







S CRJBE C@ABDQM


S CRJBE C@ABDQM

















BSQ C@@R@@E N@OM JAC?@ALQ?M C@@R@@E TM KJ C@@R@@E @M

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! "#% !

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8123593:0/23;


I'*+$-+'+4- 73P#1$/-+$1 NQDAD@BOM


H('*+*+= 73P#1$/-+$1 NKLBOM

CKK G(*-+$'$*"+ H('*+*+= C??ASQQM

G(*-+$'$*"+ H('*+*+= 73P#1$/-+$1 N?A@SBOM

C@C 73/*+*1$('$*"+ CAD?KA?DKM

73/*+*1$('$*"+ 73P#1$/-+$1 NBBJABBDOM

C@K U#')*$9 711#('+4- CJQA@SLM

U#')*$9 711#('+4- 73P#1$/-+$1 NK?SOM

C@J ,*(-4$"( "0 ,-:-)"./-+$ QQAQJJM

,*(-4$"( "0 ,-:-)"./-+$ 73P#1$/-+$1 NDACLJOM


V-1*3-+$*') 73P#1$/-+$1 NBABDCOM

C@L ,'9 !-(:*4-1 BDDA?BSM

,'9 !-(:*4-1 73P#1$/-+$1 NJSABSDOM

C@Q &HW &""(3*+'$"(1 ??LAC?LM

&HW &""(3*+'$"(1 73P#1$/-+$1 NCABBJOM


5#(1*+= 73P#1$/-+$1 NQABSKOM

SC@ ,'9 8("=('/ T 8'$(*4X &$( CABLDA?J@M

,'9 8("=('/ T 8'$(*4X &$( 73P#1$/-+$1 NCSDAJJDOM

SCC ,'9 8("=('/ T ;"#+$'*+ Y++ SJSA?SBM

,'9 8("=('/ T ;"#+$'*+ Y++ 73P#1$/-+$1 NQBAK?BOM

SC? ,'9 8("=('/ T 6)#- V*3=- CASSJA?Q@M

,'9 8("=('/ T 6)#- V*3=- 73P#1$/-+$1 NLAKCSOM


,'9 8("=('/ T Z(--( 73P#1$/-+$1 NQ?ACCCOM

*01/<;

CB@ !-(:*4- &""(3*+'$*"+ LK?AKKSM

CBB !-(:*4- &""(3*+'$*"+ T W7!&Y SDA?KSM


?@C Y&;]Y, &*:*$'+ J?QA@@KM


?@? Y&;]Y, 8'(X*+1 Y LJJADL?M




?CQ Y&;]Y, ;"#+$'*+ Y++ NW^,O Q?BAL@JM


S@C </.)"9/-+$ !-(:*4-1 BBKA?SDM

S@B </.)"9/-+$ !-(:*4-1 T W7!&Y LCAB??M

SC@ ,'9 8("=('/ T 8'$(*4X &$(

SCC ,'9 8("=('/ T ;"#+$'*+ Y++

SCB ,'9 8("=('/ T Z(--(

SC? ,'9 8("=('/ T 6)#- V*3=-

L@C &V&; Z(--+:*))- V-1*3-+4- NW^,O J@BA?LKM

L@B &V&; Z(--( V-1*3-+4- NW^,O J@?AKJKM

J@C !#.-(:*1-3 F*:*+= 8("=('/ Y DBACSLM

J@B !#.-(:*1-3 F*:*+= 8("=('/ Y T &('*+ 7.$1 BBAL@KM




Q@B &"//#+*$9 H('*+*+= W"/- YY T 7$%-($"+ TM


Q@S &"//#+*$9 H('*+*+= W"/- YY T Z(--( ?L?AQBJM

Q@Q &"//#+*$9 H('*+*+= W"/- YY T &%-((9 &":- BDQASQ?M

















QBL <+"(-- &*(4)- T W7!&Y W"/- SCJA?QCM

QBJ &"//#+*$9 H('*+*+= W"/- YY T >#3- BK?AKC@M



QBK &"//#+*$9 H('*+*+= W"/- YY T &"++-( BQ@A@CKM

Q?@ &"//#+*$9 H('*+*+= W"/- YY T `"00"(3 BD?A@K@M


D@@ `'*:-( S@CAQSSM

D@B &"//#+*$9 !#.."($1 `'*:-( JKQAK?@M

D@? !$'$- ;#+3-3 &"//#+*$9 !#.."($1 CKADQBM




BJAJCQASLDM

!C5=016 >/D %5765/9 F %/2504G >/D %5765/9 F *7C12/01 811

6-31 E 7FFG& 7$$-+3 E 7FFG& 7$$-+3 E 7FFG&

NCA?Q@AJQ?OM

QABSKM

NCASDKADLBOM

CSDAJJDM

NLBLAK@SOM

QBAK?BM

D ?R?KE SJABCDM T @R@@E TM T @R@@E TM

CB LR@DE JKA?BQM T @R@@E TM T @R@@E TM





CB LR@DE JKA?BQM ?LS @RQQE C@A?SJM ?K @RBDE CABJJM

T @R@@E TM T @R@@E TM



SLAL?Q KKRB?E CA??@AD?KM T @R@@E TM

T @R@@E TM C?AKCC KKRQBE SLCAQ@JM



CB LR@DE JKA?BQM

CB LR@DE JKA?BQM

CB LR@DE JKA?BQM

CB LR@DE JKA?BQM

B@ DRSQE CCLALSSM

T @R@@E TM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

S CRJKE B?AC@KM

B?J C@@R@@E @M SLADKC C@@R@@E TM C?AKL@ C@@R@@E TM

! "## !

!"#$%$&'(!'$)* +,&' !--,+!'$,%

!"#$% &'(")*+' ,-.'($/-+$ "0 ,*1'2*)*$*-1

'+3 !.-4*') 5--31 6"'(3

&"1$ 7))"4'$*"+ 8)'+ 0"( &"//#+*$9 8(":*3-(1

;"( 8-(*"3 <+3*+= >#+- ?@A B@CD

!"# "$%"!&"&

'(&# '"!#")& *() +,,('-

8123593:0/23;


I'*+$-+'+4- 73P#1$/-+$1 NQDAD@BOM


H('*+*+= 73P#1$/-+$1 NKLBOM

CKK G(*-+$'$*"+ H('*+*+= C??ASQQM

G(*-+$'$*"+ H('*+*+= 73P#1$/-+$1 N?A@SBOM

C@C 73/*+*1$('$*"+ CAD?KA?DKM

73/*+*1$('$*"+ 73P#1$/-+$1 NBBJABBDOM

C@K U#')*$9 711#('+4- CJQA@SLM

U#')*$9 711#('+4- 73P#1$/-+$1 NK?SOM

C@J ,*(-4$"( "0 ,-:-)"./-+$ QQAQJJM

,*(-4$"( "0 ,-:-)"./-+$ 73P#1$/-+$1 NDACLJOM


V-1*3-+$*') 73P#1$/-+$1 NBABDCOM

C@L ,'9 !-(:*4-1 BDDA?BSM

,'9 !-(:*4-1 73P#1$/-+$1 NJSABSDOM

C@Q &HW &""(3*+'$"(1 ??LAC?LM

&HW &""(3*+'$"(1 73P#1$/-+$1 NCABBJOM


5#(1*+= 73P#1$/-+$1 NQABSKOM

SC@ ,'9 8("=('/ T 8'$(*4X &$( CABLDA?J@M

,'9 8("=('/ T 8'$(*4X &$( 73P#1$/-+$1 NCSDAJJDOM

SCC ,'9 8("=('/ T ;"#+$'*+ Y++ SJSA?SBM

,'9 8("=('/ T ;"#+$'*+ Y++ 73P#1$/-+$1 NQBAK?BOM

SC? ,'9 8("=('/ T 6)#- V*3=- CASSJA?Q@M

,'9 8("=('/ T 6)#- V*3=- 73P#1$/-+$1 NLAKCSOM


,'9 8("=('/ T Z(--( 73P#1$/-+$1 NQ?ACCCOM

*01/<;

CB@ !-(:*4- &""(3*+'$*"+ LK?AKKSM

CBB !-(:*4- &""(3*+'$*"+ T W7!&Y SDA?KSM


?@C Y&;]Y, &*:*$'+ J?QA@@KM


?@? Y&;]Y, 8'(X*+1 Y LJJADL?M




?CQ Y&;]Y, ;"#+$'*+ Y++ NW^,O Q?BAL@JM


S@C </.)"9/-+$ !-(:*4-1 BBKA?SDM

S@B </.)"9/-+$ !-(:*4-1 T W7!&Y LCAB??M

SC@ ,'9 8("=('/ T 8'$(*4X &$(

SCC ,'9 8("=('/ T ;"#+$'*+ Y++

SCB ,'9 8("=('/ T Z(--(

SC? ,'9 8("=('/ T 6)#- V*3=-

L@C &V&; Z(--+:*))- V-1*3-+4- NW^,O J@BA?LKM

L@B &V&; Z(--( V-1*3-+4- NW^,O J@?AKJKM

J@C !#.-(:*1-3 F*:*+= 8("=('/ Y DBACSLM

J@B !#.-(:*1-3 F*:*+= 8("=('/ Y T &('*+ 7.$1 BBAL@KM




Q@B &"//#+*$9 H('*+*+= W"/- YY T 7$%-($"+ TM


Q@S &"//#+*$9 H('*+*+= W"/- YY T Z(--( ?L?AQBJM

Q@Q &"//#+*$9 H('*+*+= W"/- YY T &%-((9 &":- BDQASQ?M

















QBL <+"(-- &*(4)- T W7!&Y W"/- SCJA?QCM

QBJ &"//#+*$9 H('*+*+= W"/- YY T >#3- BK?AKC@M



QBK &"//#+*$9 H('*+*+= W"/- YY T &"++-( BQ@A@CKM

Q?@ &"//#+*$9 H('*+*+= W"/- YY T `"00"(3 BD?A@K@M


D@@ `'*:-( S@CAQSSM

D@B &"//#+*$9 !#.."($1 `'*:-( JKQAK?@M

D@? !$'$- ;#+3-3 &"//#+*$9 !#.."($1 CKADQBM




BJAJCQASLDM

>/D %5765/9 F H<C3 )0:63 >/D %5765/9 F I5335

7$$-+3 E 7FFG& 7$$-+3 E 7FFG&

NCAQBSAJJBOM

LAKCSM

NK@@A@QKOM

Q?ACCCM



?A?QJ LRJSE KJADKCM T @R@@E TM

?ACDB LR?CE KCA?B?M T @R@@E TM


?ASJC LRQDE KKA??@M T @R@@E TM







T @R@@E TM B@AK?C C@@R@@E DBJAKJDM

SKADJD D?RBQE CAS?CAB@SM T @R@@E TM

LKADDQ C@@R@@E TM B@AK?C C@@R@@E TM

! "#& !

!"#$%$&'(!'$)* +,&' !--,+!'$,%

!"#$% &'(")*+' ,-.'($/-+$ "0 ,*1'2*)*$*-1

'+3 !.-4*') 5--31 6"'(3

&"1$ 7))"4'$*"+ 8)'+ 0"( &"//#+*$9 8(":*3-(1

;"( 8-(*"3 <+3*+= >#+- ?@A B@CD

!"# "$%"!&"&

'(&# '"!#")& *() +,,('-

8123593:0/23;


I'*+$-+'+4- 73P#1$/-+$1 NQDAD@BOM


H('*+*+= 73P#1$/-+$1 NKLBOM

CKK G(*-+$'$*"+ H('*+*+= C??ASQQM

G(*-+$'$*"+ H('*+*+= 73P#1$/-+$1 N?A@SBOM

C@C 73/*+*1$('$*"+ CAD?KA?DKM

73/*+*1$('$*"+ 73P#1$/-+$1 NBBJABBDOM

C@K U#')*$9 711#('+4- CJQA@SLM

U#')*$9 711#('+4- 73P#1$/-+$1 NK?SOM

C@J ,*(-4$"( "0 ,-:-)"./-+$ QQAQJJM

,*(-4$"( "0 ,-:-)"./-+$ 73P#1$/-+$1 NDACLJOM


V-1*3-+$*') 73P#1$/-+$1 NBABDCOM

C@L ,'9 !-(:*4-1 BDDA?BSM

,'9 !-(:*4-1 73P#1$/-+$1 NJSABSDOM

C@Q &HW &""(3*+'$"(1 ??LAC?LM

&HW &""(3*+'$"(1 73P#1$/-+$1 NCABBJOM


5#(1*+= 73P#1$/-+$1 NQABSKOM

SC@ ,'9 8("=('/ T 8'$(*4X &$( CABLDA?J@M

,'9 8("=('/ T 8'$(*4X &$( 73P#1$/-+$1 NCSDAJJDOM

SCC ,'9 8("=('/ T ;"#+$'*+ Y++ SJSA?SBM

,'9 8("=('/ T ;"#+$'*+ Y++ 73P#1$/-+$1 NQBAK?BOM

SC? ,'9 8("=('/ T 6)#- V*3=- CASSJA?Q@M

,'9 8("=('/ T 6)#- V*3=- 73P#1$/-+$1 NLAKCSOM


,'9 8("=('/ T Z(--( 73P#1$/-+$1 NQ?ACCCOM

*01/<;

CB@ !-(:*4- &""(3*+'$*"+ LK?AKKSM

CBB !-(:*4- &""(3*+'$*"+ T W7!&Y SDA?KSM


?@C Y&;]Y, &*:*$'+ J?QA@@KM


?@? Y&;]Y, 8'(X*+1 Y LJJADL?M




?CQ Y&;]Y, ;"#+$'*+ Y++ NW^,O Q?BAL@JM


S@C </.)"9/-+$ !-(:*4-1 BBKA?SDM

S@B </.)"9/-+$ !-(:*4-1 T W7!&Y LCAB??M

SC@ ,'9 8("=('/ T 8'$(*4X &$(

SCC ,'9 8("=('/ T ;"#+$'*+ Y++

SCB ,'9 8("=('/ T Z(--(

SC? ,'9 8("=('/ T 6)#- V*3=-

L@C &V&; Z(--+:*))- V-1*3-+4- NW^,O J@BA?LKM

L@B &V&; Z(--( V-1*3-+4- NW^,O J@?AKJKM

J@C !#.-(:*1-3 F*:*+= 8("=('/ Y DBACSLM

J@B !#.-(:*1-3 F*:*+= 8("=('/ Y T &('*+ 7.$1 BBAL@KM




Q@B &"//#+*$9 H('*+*+= W"/- YY T 7$%-($"+ TM


Q@S &"//#+*$9 H('*+*+= W"/- YY T Z(--( ?L?AQBJM

Q@Q &"//#+*$9 H('*+*+= W"/- YY T &%-((9 &":- BDQASQ?M

















QBL <+"(-- &*(4)- T W7!&Y W"/- SCJA?QCM

QBJ &"//#+*$9 H('*+*+= W"/- YY T >#3- BK?AKC@M



QBK &"//#+*$9 H('*+*+= W"/- YY T &"++-( BQ@A@CKM

Q?@ &"//#+*$9 H('*+*+= W"/- YY T `"00"(3 BD?A@K@M


D@@ `'*:-( S@CAQSSM

D@B &"//#+*$9 !#.."($1 `'*:-( JKQAK?@M

D@? !$'$- ;#+3-3 &"//#+*$9 !#.."($1 CKADQBM




BJAJCQASLDM

8123593:0/23

TM I'*+$-+'+4-

TM I'*+$-+'+4- 73P#1$/-+$1

TM H('*+*+=

TM H('*+*+= 73P#1$/-+$1

TM G(*-+$'$*"+ H('*+*+=

TM G(*-+$'$*"+ H('*+*+= 73P#1$/-+$1

N@OM 73/*+*1$('$*"+

TM 73/*+*1$('$*"+ 73P#1$/-+$1

N@OM U#')*$9 711#('+4-

TM U#')*$9 711#('+4- 73P#1$/-+$1

TM ,*(-4$"( "0 ,-:-)"./-+$

TM ,*(-4$"( "0 ,-:-)"./-+$ 73P#1$/-+$1

N@OM V-1*3-+$*')

TM V-1*3-+$*') 73P#1$/-+$1

N@OM ,'9 !-(:*4-1

TM ,'9 !-(:*4-1 73P#1$/-+$1

N@OM &HW &""(3*+'$"(1

TM &HW &""(3*+'$"(1 73P#1$/-+$1

N@OM 5#(1*+=

TM 5#(1*+= 73P#1$/-+$1

N@OM ,'9 8("=('/ T 8'$(*4X &$(

TM ,'9 8("=('/ T 8'$(*4X &$( 73P#1$/-+$1

N@OM ,'9 8("=('/ T ;"#+$'*+ Y++

TM ,'9 8("=('/ T ;"#+$'*+ Y++ 73P#1$/-+$1

@M ,'9 8("=('/ T 6)#- V*3=-

TM ,'9 8("=('/ T 6)#- V*3=- 73P#1$/-+$1

N@OM ,'9 8("=('/ T Z(--(

TM ,'9 8("=('/ T Z(--( 73P#1$/-+$1

*01/<; H"$') '))"4'$-3

JS?AQCQM !-(:*4- &""(3*+'$*"+ SKAQB?M

L?AJLJM !-(:*4- &""(3*+'$*"+ T W7!&Y LABJBM

LQSAKBKM [*3\-+$#(-1 N<YO SQA?@SM

QDJA?@DM Y&;]Y, &*:*$'+ CSKABKKM

KDLAJB?M Y&;]Y, V*3=- V"'3 CKSASCQM

D@BABBSM Y&;]Y, 8'(X*+1 Y B?LA?QCM

QKQASJDM Y&;]Y, 8'(X*+1 YY B?@ASLQM

D?BA?LCM Y&;]Y, W#=%-1 NW^,O CSCAC@CM

DBCAK?LM Y&;]Y, H(':-)-(1 V-1$ NW^,O B?BALDDM

KBQASDCM Y&;]Y, ;"#+$'*+ Y++ NW^,O CKSAKQLM

CAL?BA?JBM 72*)*_#-1$ CQCAB@@M

BDBADQ@M </.)"9/-+$ !-(:*4-1 L?ALBBM

LLALBSM </.)"9/-+$ !-(:*4-1 T W7!&Y SABKCM

CA??@AD?KM ,'9 8("=('/ T 8'$(*4X &$( CA??@AD?KM

SLCAQ@JM ,'9 8("=('/ T ;"#+$'*+ Y++ SLCAQ@JM

DBJAKJDM ,'9 8("=('/ T Z(--( DBJAKJDM

CAS?CAB@SM ,'9 8("=('/ T 6)#- V*3=- CAS?CAB@SM

QJKAQB?M &V&; Z(--+:*))- V-1*3-+4- NW^,O CJQA?JSM

QQSABS?M &V&; Z(--( V-1*3-+4- NW^,O CQ@ABQSM

CCDAL@@M !#.-(:*1-3 F*:*+= 8("=('/ Y ?JA?LLM

?SA@QCM !#.-(:*1-3 F*:*+= 8("=('/ Y T &('*+ 7.$1 CCALJBM

?DQASQKM !#.-(:*1-3 F*:*+= 8("=('/ YY T ,#+4'+ V"'3 NW^,O C?BASLQM

?KBA?SKM !#.-(:*1-3 F*:*+= 8("=('/ YY T ;"#+$'*+ Y++ NW^,O C?CABJ@M

LSLACSLM !#.-(:*1-3 F*:*+= 8("=('/ YY T 8(".-($*-1 `-1$ NW^,O B@KACJKM

TM &"//#+*$9 H('*+*+= W"/- YY T 7$%-($"+ TM

?@BACBDM &"//#+*$9 H('*+*+= W"/- YY T Z#))*:-( N&('*=" &(--XO DCAD?LM

SLBASBSM &"//#+*$9 H('*+*+= W"/- YY T Z(--( KDAJKDM

?QCALC?M &"//#+*$9 H('*+*+= W"/- YY T &%-((9 &":- DSA@S@M

BKQA@KQM &"//#+*$9 H('*+*+= W"/- YY T ;"a0*(- D@ACSCM

?SJAQCDM &"//#+*$9 H('*+*+= W"/- YY T 8*+- V*3=- DQACB@M

BDLAJKLM &"//#+*$9 H('*+*+= W"/- YY T W'/.$"+ NW^,O QLAJSQM

SB@AJDCM &"//#+*$9 H('*+*+= W"/- YY T >-("/- NW^,O DDALLLM

??JADCJM &"//#+*$9 H('*+*+= W"/- YY T I'9b""3 NW^,O JSA?JKM

?JSAJCSM &"//#+*$9 H('*+*+= W"/- YY T &)-:-)'+3 KBABLLM

BQBADSKM &"//#+*$9 H('*+*+= W"/- YY T V*:-(3')- NW^,O LKAJD?M

BDBACJ?M &"//#+*$9 H('*+*+= W"/- YY T <3=-0*-)3 NW^,O Q?AQKSM

?CKAJKBM &"//#+*$9 H('*+*+= W"/- YY T 7()*+=$"+ NW^,O QJAQBDM

BJDASQKM &"//#+*$9 H('*+*+= W"/- YY T Z(*3)-9 NW^,O QSASJ@M

CLJAS@?M &"//#+*$9 H('*+*+= W"/- YY T Z(-1%'/ KSAJKJM

?LCAD?JM &"//#+*$9 H('*+*+= W"/- YY T ;'*(:*-b K@ACDBM

?BLA@J@M &"//#+*$9 H('*+*+= W"/- YY T 71%)-9 G'X1 DLAQLKM

?JJA?L?M &"//#+*$9 H('*+*+= W"/- YY T W*)) F+ DJA?LDM

?BKAQSQM &"//#+*$9 H('*+*+= W"/- YY T H#11"4X V3 DSABSCM

BKQASBKM &"//#+*$9 H('*+*+= W"/- YY T 6)"11"/ DCAJLKM

LCKA?QBM <+"(-- &*(4)- T W7!&Y W"/- C@?A@@CM

?DCAQQJM &"//#+*$9 H('*+*+= W"/- YY T >#3- DQADJJM

BDQAJQBM &"//#+*$9 H('*+*+= W"/- YY T V9- &$ DCAKLKM

?JLAJJJM &"//#+*$9 H('*+*+= W"/- YY T 6'(+ !b'))"b DDALBLM

?LJACDQM &"//#+*$9 H('*+*+= W"/- YY T &"++-( DJACJDM

?QBAD?KM &"//#+*$9 H('*+*+= W"/- YY T `"00"(3 DKAQSKM

?LSALKCM &"//#+*$9 H('*+*+= W"/- YY T `'+1)-9 DLAJQLM

SLDA?QBM `'*:-( LJAJBDM

QBLACBLM &"//#+*$9 !#.."($1 `'*:-( BQACKLM

BBA?QJM !$'$- ;#+3-3 &"//#+*$9 !#.."($1 BAL@SM

KQAJ@@M W7!&Y T `'*:-( BA@L?M

CJJAL@LM W7!&Y &-+$-( CQAD@QM

B@?A@@SM W7!&Y V-%'2*)*$'$*"+ CDA??JM

TM TM

BJAJCQASLDM

! "#' !

GOVERNMENT AUDITING STANDARDS

INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING ANDON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS

PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS


We have audited, in accordance with auditing standards generally accepted in the United States of America and the standardsapplicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the UnitedStates, the financial statements of the governmental activities, each major fund, and the aggregate remaining fund informationof Greenville County Disabilities and Special Needs Board (“the Organization”), as of and for the year ended June 30, 2018, andthe related notes to the financial statements, which collectively comprise the Organization's basic financial statements, and haveissued our report thereon dated September 19, 2018.

Internal Control Over Financial Reporting

In planning and performing our audit of the financial statements, we considered the Organization's internal control overfinancial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for thepurpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on theeffectiveness of the Organization’s internal control. Accordingly, we do not express an opinion on the effectiveness of theOrganization’s internal control.

Our consideration of internal control was for the limited purpose described in the preceding paragraph and was not designedto identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore,material weaknesses or significant deficiencies may exist that were not identified. However, as described in the accompanyingschedule of findings and questioned costs, we identified certain deficiencies in internal control that we consider to be materialweaknesses and/or significant deficiencies.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in thenormal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. Amaterial weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibilitythat a material misstatement of the Organization’s financial statements will not be prevented, or detected and corrected on atimely basis. We consider the deficiency in internal control described as item 2018-001 in the accompanying schedule offindings and questioned costs to be a material weakness.

A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a materialweakness, yet important enough to merit attention by those charged with governance.

Compliance and Other Matters

As part of obtaining reasonable assurance about whether the Organization’s financial statements are free of materialmisstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grantagreements, noncompliance with which could have a direct and material effect on the determination of financial statementamounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, andaccordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or othermatters that are required to be reported under Government Auditing Standards.

- 136 -

The Organization's Response to Findings

The Organization’s response to the findings identified in our audit are described in the accompanying schedule of findings andquestioned costs. The Organization’s response was not subjected to the auditing procedures applied in the audit of the financialstatements and, accordingly, we express no opinion on it.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of thattesting, and not to provide an opinion on the effectiveness of the Organization's internal control or on compliance. This report isan integral part of an audit performed in accordance with Government Auditing Standards in considering the Organization’sinternal control and compliance. Accordingly, this communication is not suitable for any other purpose.


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UNIFORM GUIDANCE COMPLIANCE

INDEPENDENT AUDITORS' REPORT ON COMPLIANCE FOR EACH MAJOR PROGRAM AND ONINTERNAL CONTROL OVER COMPLIANCE REQUIRED BY THE UNIFORM GUIDANCE


Report on Compliance for Each Major Federal Program

We have audited Greenville County Disabilities and Special Needs Board's (the “Organization”) compliance with the types ofcompliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on each ofthe Organization’s major federal programs for the year ended June 30, 2018. The Organization’s major federal programs areidentified in the summary of auditors' results section of the accompanying schedule of findings and questioned costs.

Management's Responsibility

Management is responsible for compliance with the requirements of laws, regulations, contracts, and grants applicable to eachof its federal programs.

Auditors' Responsibility

Our responsibility is to express an opinion on compliance for each of the Organization’s major federal programs based on ouraudit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance withauditing standards generally accepted in the United States of America; the standards applicable to financial audits contained inGovernment Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Those standards and the Uniform Guidance require that we plan and perform the audit to obtainreasonable assurance about whether noncompliance with the types of compliance requirements referred to above that couldhave a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidenceabout the Organization’s compliance with those requirements and performing such other procedures as we considerednecessary in the circumstances.

We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal program. However,our audit does not provide a legal determination of the Organization’s compliance.

Opinion on Each Major Federal Program

In our opinion, the Organization complied, in all material respects, with the compliance requirements referred to above thatcould have a direct and material effect on each of its major federal programs for the year ended June 30, 2018.

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Report on Internal Control Over Compliance

Management of the Organization is responsible for establishing and maintaining effective internal control over compliance withthe types of compliance requirements referred to above. In planning and performing our audit of compliance, we consideredthe Organization’s internal control over compliance with the types of requirements that could have a direct and material effecton each major federal program to determine the auditing procedures that are appropriate in the circumstances for the purposeof expressing an opinion on compliance for each major federal program and to test and report on internal control overcompliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness ofinternal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the Organization’s internalcontrol over compliance.

A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allowmanagement or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct,noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internalcontrol over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is areasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not beprevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency,or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federalprogram that is less severe than a material weakness in internal control over compliance, yet important enough to meritattention by those charged with governance.

Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of thissection and was not designed to identify all deficiencies in internal control over compliance that might be material weaknessesor significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to bematerial weaknesses. However, material weaknesses may exist that have not been identified.

The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal controlover compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report isnot suitable for any other purpose.


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GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDSCHEDULE OF EXPENDITURES OF FEDERAL AWARDS


Federal Grantor/Pass-Through GrantorProgram Title

FederalCFDA

Number

Pass-ThroughGrantor'sNumber

FederalExpenditures

U.S. Department of Education

Passed through South Carolina Department of Disabilities and Special Needs

Special Education Technical Assistance and Dissemination to ImproveServices and Results for Children with Disabilities - Individuals withDisabilities Education Act 84.326 $ 7,117

Total passed through South Carolina Department of Disabilities andSpecial Needs 7,117

Total U.S. Department of Education 7,117

U.S. Department of Health

Passed through South Carolina Developmental Disabilities Council

Developmental Disabilities Basic Support and Advocacy Grant 93.6301701SCBSDD

07-21-0006 61,428

Total passed through South Carolina Developmental Disabilities Council 61,428

Total U.S. Department of Health 61,428

U.S. Department of Housing and Urban Development

Direct programs

Section 223(f) Mortgage Insurance for the Refinancing of Existing MultifamilyHousing Projects 14.155 054-11104 2,653,742

Section 811 Supportive Housing for Persons with DisabilitiesAyres Housing, Inc. 14.181 054-HD004 867,500Browning Development, Inc. 14.181 054-HD044 622,500Stone Development, Inc. 14.181 054-HH016 539,700

Total Section 811 Supportive Housing for Persons with Disabilities 2,029,700

Section 8 Housing Assistance Payments ProgramAyres Housing, Inc. 14.195 SC16-Q911-004 69,227Browning Development, Inc. 14.195 SC16-Q931-007 24,271GA Properties, Inc. 14.195 SC16-T821-011 159,687GA Properties, Inc. 14.195 SC16-D891-003 112,530GA Properties, Inc. 14.195 SC16-T883-002 104,135Stone Development, Inc. 14.195 SC16-Q901-010 47,109

Total Section 8 Housing Assistance Payments Program 516,959

Total direct programs 5,200,401

Total U.S. Department of Housing and Urban Development 5,200,401

Total federal expenditures $ 5,268,946

See accompanying notes to the Schedule of Expenditures of Federal Awards.- 140 -

GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDNOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS


NOTE 1 - BASIS OF PRESENTATION

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity ofthe Organization and its four component units under programs of the federal government for the year ended June30, 2018. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of theOrganization, it is not intended to and does not present the financial position, changes in net position, or cash flowsof the Organization.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(1) Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards,wherein certain types of expenditures are not allowable or are limited as to reimbursement.

(2) Pass-through entity identifying numbers are presented where available. Encumbrance accounting is notemployed in governmental funds.

(3) The Organization has elected not to use the 10-percent de minimis indirect cost rate as allowed under theUniform Guidance.

(4) The Organization did not have any subrecipients.

(5) The below table summarizes the loan or loan guarantees, including interest subsidies, outstanding at year-end.

Federal Grantor/Pass-Through GrantorProgram Title

FederalCFDA

Number

Pass-ThroughGrantor'sNumber

Balance atJune 30, 2018

Section 811 Supportive Housing for Persons with Disabilities

Ayres Housing, Inc. 14.181 054-HD004 $ 867,500Browning Development, Inc. 14.181 054-HD044 622,500Stone Development, Inc. 14.181 054-HH016 539,700

Section 223(f) Mortgage Insurance for the Refinancing of ExistingMultifamily Housing Projects 14.155 054-11104 2,604,156

Total outstanding loans and loan guarantees $ 4,633,856

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GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARD SCHEDULE OF FINDINGS AND QUESTIONED COSTS

June 30, 2018

SECTION 1

Financial Statements Summary of Auditors' Results

1. Type of auditors’ report issued: Unmodified

2. Internal controls over financial reporting: a. Material weaknesses identified? b. Significant deficiencies identified not considered to be material weaknesses?

Yes

No

3. Noncompliance material to financial statements noted? No

Federal Awards

1. Internal control over major programs: a. Material weaknesses identified? b. Significant deficiencies identified not considered to be material weaknesses?

No

No

2. Type of auditors’ report issued on compliance for major programs Unmodified

3. Any audit findings disclosed that are required to be reported in accordance with 2 CFR 200.516 (a)? No

4. Identification of major programs:

CFDA Number14.155

Name of Federal ProgramMortgage Insurance for the Purchase or Refinancing ofExisting Multifamily Housing Projects

5. Dollar threshold used to distinguish between programs? $750,000

6. Auditee qualified as a low-risk auditee? No

Continued- 142 -

GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDSCHEDULE OF FINDINGS AND QUESTIONED COSTS - CONTINUED

June 30, 2018

SECTION 2FINANCIAL STATEMENT FINDINGS

2018-001 Management-prepared financial statementsType: Material weaknessFinding originally documented in fiscal year 2009.

Condition: The Organization does not have the resources to prepare their own year-end financialstatements as required by independence standards established for audit firms. As a result, theOrganization relies on its auditor to prepare the year-end statements on their behalf.

Criteria: Independence standards require that management possess the "knowledge to evaluate andapprove the draft year-end financial statements and notes and take responsibility for them."This standard requires the auditee to have extensive knowledge of generally acceptedaccounting principles (GAAP).

Cause: Management does not have the level of knowledge necessary to ensure GAAP-compliantyearend financial statements are being issued. However, they do possess strong accountingbackgrounds and management attends continuing education to ensure they are stayingcurrent on all changes in this area.

Recommendation: The Organization should ensure that subscriptions to GASB and FASB pronouncements andstandards are current and that resources are available for finance training and continuingprofessional education efforts. Alternatively, the Organization could procure a concurrentreview of the draft financials by an independent CPA firm in order to fulfill the knowledgerequirements of the standards.

Response: We are aware of the need to increase our knowledge related to GAAP reporting andGASB/FASB standards through finance professional training and other means as they becomeavailable. With resources that have been put in place (i.e. personnel and additional training),we feel that we are closer to producing GAAP financial statements in the future. Until we havethe resources needed to prepare the year-end financial statement, we will permit our auditorto prepare the statement on our behalf.

SECTION 3FEDERAL AWARDS FINDINGS AND QUESTIONED COSTS

No new findings to report.

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GREENVILLE COUNTY DISABILITIES AND SPECIAL NEEDS BOARDSUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS

June 30, 2018

FINANCIAL STATEMENT FINDINGS

2017-001 Management prepared financial statementsType: Material weakness

Resolution: Unresolved. Repeated finding as number 2018-001.

2017-002 Lack of adequate internal controls in self-managed HUD projectsType: Significant deficiency

Resolution: Resolved.

FEDERAL AWARDS FINDINGS AND QUESTIONED COSTS

No findings reported in the prior year.

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