COUNTY OF CHARLESTON, SOUTH CAROLINA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2014

Reporting of Leased Assets. Are accounting policies disclosed for assets acquired with lease financing? Is this disclosure separate from other capital assets? Is a general description of leasing arrangements provided? Do the notes show the total amount of lease assets and the related accumulated amortization, lease assets by major classes of underlying assets, and the amount of outflows of resources recognized for the period for variable lease payments not previously included in the lease liability? Do the notes disclose principal and interest requirements to maturity, presented separately, for the lease liability for each of the five subsequent fiscal years and in five-year increments thereafter? Has the government reported commitments under leases that have not yet begun? Note that the new lease standards are effective for reporting periods beginning after December 15, 2019, so the financial statements that you select may not include these items for leased assets.) (2) (2) Statements and Schedules. What statements and schedules pertaining to capital projects funds are presented? In what respects (headings, arrangement, items the text? Are any differences merely a matter of terminology or arrangement, or do they represent significant deviations from GASB accounting and reporting standards for capital projects funds? Financial Resource Inflows. What is the nature of the financial resource inflows utilized by the capital projects funds? If tax-supported bonds or special assessment bonds are the source, have any been sold at a premium? At a discount? If so, what was the accounting treatment of the bond premium or discount? (3) Reporting of Leased Assets. Are accounting policies disclosed for assets acquired with lease financing? Is this disclosure separate from other capital assets? Is a general description of leasing arrangements provided? Do the notes show the total amount of lease assets and the related accumulated amortization, lease assets by major classes of underlying assets, and the amount of outflows of resources recognized for the period for variable lease payments not previously included in the lease liability? Do the notes disclose principal and interest requirements to maturity, presented separately, for the lease liability for each of the five subsequent fiscal years and in five-year increments thereafter? Has the government reported commitments under leases that have not yet begun? Note that the new lease standards are effective for reporting periods beginning after December 15, 2019, so the financial statements that you select may not include these items for leased assets.) (2) (2) Statements and Schedules. What statements and schedules pertaining to capital projects funds are presented? In what respects (headings, arrangement, items the text? Are any differences merely a matter of terminology or arrangement, or do they represent significant deviations from GASB accounting and reporting standards for capital projects funds? Financial Resource Inflows. What is the nature of the financial resource inflows utilized by the capital projects funds? If tax-supported bonds or special assessment bonds are the source, have any been sold at a premium? At a discount? If so, what was the accounting treatment of the bond premium or discount? (3)