HANCOCK COUNTY
Notes to Financial Statements
For the Year Ended September 30, 1995
30
Interfund Interfund
Receivables Payables
Agency Funds:
Pearl River Junior College maintenance 4,855
Pearl River Junior College capital 3,426
Pearl River development 894
Total 9,175 0
Total Due From/To Other Funds $ 152,871 152,871
Advances to/from Other Funds
General Fund $ 20,063 0
Special Revenue Funds:
Canteen 2,482 18,563
McLeod Park 2,482
Total 2,482 21,045
Debt Service Fund:
County fair 0 1,500
Total Advances to/from Other Funds $ 22,545 22,545
(10) Fixed Assets.
Activity in the General Fixed Assets Group for the primary government for the year ended September 30, 1995, was as follows:
Balance Balance
Oct. 1, 1994 Additions Deletions Sept. 30, 1995
Land $ 614,273 614,273
Buildings 10,918,720 915,974 11,834,694
Improvements other than buildings 22,586 22,586
Construction in progress 419,542 496,432 915,974
Mobile equipment 2,043,531 130,711 21,826 2,152,416
Other furniture and equipment 800,556 89,780 5,929 884,407

Leased property under capital leases 535,478 222,921 758,399
Total $ 15,354,686 1,855,818 943,729 16,266,775
HANCOCK COUNTY
Notes to Financial Statements
For the Year Ended September 30, 1995
31
Activity in the General Fixed Assets Group for the governmental component units for the year ended September 30, 1995,
was as follows:
Balance Balance
Oct. 1, 1994 Additions Deletions Sept. 30, 1995
Land $ 272,498 272,498
Buildings 604,979 604,979
Improvements other than buildings 7,546,865 1,997,062 9,543,927
Other furniture and equipment 217,714 497 16,767 201,444
Total $ 8,642,056 1,997,559 16,767 10,622,848
The following is a summary of Proprietary Fund Type fixed assets for the proprietary component units at September 30, 1995:
Hancock County Hancock
Port and Harbor Medical
Commission Center Total
Land $ 2,522,648 1,168,884 3,691,532
Buildings 2,079,256 4,259,026 6,338,282
Improvements other than buildings 2,234,529 2,234,529
Track and bed 1,519,899 1,519,899
Mobile equipment 5,594,586 5,594,586
Equipment 268,420 4,501,049 4,769,469
Railroad equipment 76,722 76,722
Total 8,701,474 15,523,545 24,225,019
Less: Accumulated depreciation 2,817,145 5,354,492 8,171,637
Total $ 5,884,329 10,169,053 16,053,382
(11) Claims and Judgments.

Risk Financing.
The county is exposed to risk of loss related to workers' compensation for injuries to its employees. On
August 1, 1990, the county decided to stop carrying workers' compensation insurance because of its prohibitive
cost and joined the Mississippi Public Entity Workers' Compensation Trust, a public entity risk pool, to cover its
exposure to risk of loss. The pool was formed on January 1, 1990, by the Mississippi Association of
Supervisors, Inc., pursuant to Section 71-3-75, Miss. Code Ann. (1972), to provide workers' compensation
insurance for the benefit of participating counties and various other political subdivisions in the State of
Mississippi. The county pays premiums to the pool for its workers' compensation insurance coverage and the
participation agreement provides that the pool will be self-sustaining through member premiums. The retention
for the pool is $350,000 for each accident and completely covers all statutory limits set by the Workers'
Compensation Commission. Risk of loss is remote for claims exceeding the pool's retention liability. However,
the pool also has catastrophic reinsurance coverage of $1,000,000 per accident, provided by Employers
Reinsurance Corporation, effective from January 1, 1995 to January 1, 1996. The pool may make an overall
supplemental assessment or declare a refund depending on the loss experience of all the entities it insures.
HANCOCK COUNTY
Notes to Financial Statements
For the Year Ended September 30, 1995
32
The county is also exposed to risk of loss relating to employee health and accident coverage. On
September 1, 1990, the county joined the Mississippi Association of Supervisors Employee Benefit Trust, a
public entity risk pool, to account for and finance its uninsured risk of loss. The pool was formed by the
Mississippi Association of Supervisors, Inc., pursuant to Section 25-15-101, Miss. Code Ann. (1972), to provide
health and accident insurance for the benefit of participating counties in the State of Mississippi. Premium
payments to the pool are determined on an actuarial basis. The pool services all claims for risk of loss to which
the county is exposed. The county purchases commercial insurance to cover all claims in excess of premium
contributions. Claims expenses and liabilities are reported when it is probable that a loss has occurred and the
amount of that loss can be reasonably estimated.
At September 30, 1995, there was no liability because the county's cash on deposit in risk pool exceeded the
pool's accrued unpaid claims at year end in the amount of $190,773, reported on the combined balance sheet in
the following fund types:

General $122,234
Special Revenue 65,392
Trust and Agency 3,147
Total $190,773
(12) Lease Obligations.
As Lessee:
The following is a schedule by years of future minimum rental payments required under operating leases that
have initial or remaining noncancelable lease terms in excess of one year as of September 30, 1995:
Primary Government
Amounts
Year Ended September 30:
1996 $ 8,649
1997 8,649
1998 8,649
1999 8,649
2000 8,649
Later years 112,427
Total Minimum Payments Required $ 155,672
Hancock Medical Center
Year Ended September 30:
1996 $ 84,130
1997 59,492
1998 11,361
Total Minimum Payments Required $ 154,983
HANCOCK COUNTY
Notes to Financial Statements
For the Year Ended September 30, 1995
33
The total rentals for the primary government amounted to $8,649 for the fiscal year ended September 30, 1995.
Capital.

As Lessee:
The following is an analysis of property leased under capital leases by major classes as of September 30, 1995:
General
Fixed Assets
Classes of Property Group
Leased Property of the Primary Government
Mobile equipment $ 328,255
Other furniture and equipment 430,144
Leased Property of the Primary Government $ 758,399
The Hancock Medical Center has various capital leases which expire at various dates. For capital leases, the equipment
is recorded as mobile equipment subject to depreciation.
The following is a schedule by years of future minimum lease payments payable under capital leases together
with the present value of the net minimum lease payables as of September 30, 1995:
Primary Government
General
Long-term
Debt Group
Year Ending September 30:
1996 $ 174,882
1997 174,881
1998 151,059
1999 105,313
2000 29,269
Later years
Total Minimum Lease Payments 635,404
Less: Amount representing interest 52,947
Present Value of Net Minimum Lease Payments $ 582,457
HANCOCK COUNTY
Notes to Financial Statements
For the Year Ended September 30, 1995

34
Hancock Medical Center
Proprietary
Component Unit
Year Ending September 30:
1996 $ 300,116
1997 272,034
1998 272,034
1999 270,790
2000 128,560
Total Minimum Lease Payments 1,243,534
Less: Amount representing interest 151,022
Present Value of Net Minimum Lease Payments 1,092,512
Less: Current portion 241,534
Long-term Portion $ 850,978
(13) Long-term Debt.
The following individual liabilities are reported on the combined balance sheet at September 30, 1995:
Final
Amount Interest Maturity
Description and Purpose Outstanding Rates Date
Primary Government -
General Long-term Debt Account Group
A General Obligation Bonds:
Jail building $ 1,250,000 9.3, 9.5 3-2000
Hancock Medical Center 725,000 8.25, 9 8-2000
Fairgrounds construction 95,000 6.4, 9 9-2007
County building 135,000 6.3, 6.8 2-1997
Sand beach construction 1,750,000 5, 5.25 2-2005
1993 refunding 1,600,000 3.1, 4.6 2-2007
Total $ 5,555,000

B. Capital Leases:
Computer $ 162,831 4.35 7-1999
Motorgraders 154,252 4.5 1-1999
Excavator 59,078 4.24 11-1997
E-911 206,296 4.75 4-2000
Total $ 582,457
C. Other Loans:
Reappraisal $ 100,000 4.8 3-96
HANCOCK COUNTY
Notes to Financial Statements
For the Year Ended September 30, 1995
35
Component Units - Proprietary
Final
Amount Interest Maturity
Description and Purpose Outstanding Rates Date
A. General Obligation Bonds:
Port and harbor development $ 795,000 9.8, 11 6-2004
Airport improvement bonds 365,000 10
Hospital refunding 1992* 9,530,000 5.4, 7.5 8-2012
Total $ 10,690,000
B. Capital Leases:
Various mobile equipment leases
for Hancock Medical Center $ 1,092,512 Various Various
C. Other Loans:
Rural development loan $ 56,667 No interest Not available
State of Mississippi revolving fund 202,911 3 12-1999
Total $ 259,578
* Hospital refunding bonds are shown on the balance sheet net of unamortized discounts of $132,120.
Annual requirements to amortize outstanding long-term debt reported in the General Long-term Debt Account

Group are as follows:
Year Ending September 30 Bonds Leases Loans Total
1996 $ 1,015,841 174,882 104,800 1,295,523
1997 1,012,122 174,881 1,187,003
1998 1,035,638 151,059 1,186,697
1999 1,027,214 105,313 1,132,527
2000 1,039,554 29,269 1,068,823
Later years 1,735,738 1,735,738
Total 6,866,107 635,404 104,800 7,606,311
Less: Amounts representing interest 1,311,107 52,947 4,800 1,368,854
Total at Present Value $ 5,555,000 582,457 100,000 6,237,457
HANCOCK COUNTY
Notes to Financial Statements
For the Year Ended September 30, 1995
36
Annual requirements to amortize outstanding long-term debt reported in proprietary component units are as
follows:
Year Ending September 30 Bonds/Notes Leases Total
1996 $ 1,178,397 300,116 1,478,513
1997 1,174,412 272,034 1,446,446
1998 1,165,583 272,034 1,437,617
1999 1,156,233 270,790 1,427,023
2000 1,099,335 128,560 1,227,895
Later years 11,691,485 11,691,485
Total 17,465,445 1,243,534 18,708,979
Less: Amounts representing interest 6,515,867 151,022 6,666,889
Less: Unamortized discounts 132,120 132,120
Total at Present Value $ 10,817,458 1,092,512 11,909,970
Legal Debt Margin - The amount of general obligation bonded debt that can be incurred by the county is limited
by state statute. Total outstanding general obligation bonded debt during a year can be no greater than 15% of

assessed value of the taxable property within the county, according to the then last completed assessment for
taxation. However, the limitation is increased to 20% whenever a county issues bonds to repair or replace
washed out or collapsed bridges on the public roads of the county. As of September 30, 1995, the amount of
outstanding general obligation bonded debt was equal to 3.38% of the latest property assessments.
Prior Year Defeasance of Debt - In prior years, the county defeased certain general obligation bonds by placing
the proceeds of new bonds in an irrevocable trust to provide for all future debt service payments on the old
bonds. Accordingly, the trust account assets and the liability for the defeased bonds are not included in the
county's financial statements. On September 30, 1995, $1.46 million bonds outstanding were considered
defeased.
The following changes occurred in liabilities reported at year end:
Balance Balance
Styling Oct. 1, 1994 Additions Reductions Sept. 30, 1995
General Long-term Debt Account Group:
General obligation bonds $ 6,085,000 530,000 5,555,000
Limited obligation notes 126,000 126,000
Equipment notes 50,187 50,187
Capital leases 481,817 222,921 122,281 582,457
Other loans 100,000 100,000
Total $ 6,743,004 322,921 828,468 6,237,457
Governmental Component Units:
Compensated absences $ 0 6,117 0 6,117
HANCOCK COUNTY
Notes to Financial Statements
For the Year Ended September 30, 1995
37
Proprietary Component Units:
Balance Balance
Styling Oct. 1, 1994 Additions Reductions Sept. 30, 1995
Compensated absences $ 377,659 87,173 464,832
General obligation bonds* 10,990,000 300,000 10,690,000

Equipment notes 55,485 55,485
Capital leases 35,056 1,206,138 148,682 1,092,512
Other loans 326,667 67,089 259,578
Total $ 11,784,867 1,293,311 571,256 12,506,922
* General obligation bonds payable is shown on the balance sheet net of unamortized discounts in the amount of $132,120.
(14) Contingencies.
Federal Grants - The county has received federal grants for specific purposes that are subject to audit by the
grantor agencies. Entitlements to these resources are generally conditional upon compliance with the terms and
conditions of grant agreements and applicable federal regulations, including the expenditure of resources for
allowable purposes. Any disallowance resulting from a grantor audit may become a liability of the county.
Litigation - The county is party to legal proceedings, many of which occur in the normal course of governmental
operations. It is not possible at the present time to estimate ultimate outcome or liability, if any, of the county
with respect to the various proceedings. However, the county's legal counsel believes that ultimate liability
resulting from these lawsuits will not have a material adverse effect on the financial condition of the county.
General Obligation Debt Contingencies - The county is contingently liable for certain obligations which are
repaid by governmental entities. The principal amount of such debt outstanding at year end consists of the
following:
Balance
Styling September 30, 1995
General obligation hospital bonds and notes $ 9,530,000
Hospital revenue bonds and notes 1,160,000
Total $ 10,690,000
HANCOCK COUNTY
Notes to Financial Statements
For the Year Ended September 30, 1995
38
(15) No Commitment Debt (Not Included in Financial Statements).
No commitment debt is repaid only by the entities for whom the debt was issued and includes debt that either
bears the county's name or for which a moral responsibility may exist that is not an enforceable promise to pay.
No commitment debt explicitly states the absence of obligation by the county other than possibly an agreement

to assist creditors in exercising their rights in the event of default. Because a default may adversely affect the
county's own ability to borrow, the principal amount of such debt outstanding at year end is disclosed as
follows:
Balance
Styling September 30, 1995
Industrial revenue bonds and notes $ 6,065,000
(16) Related Organization.
The county Board of Supervisors is responsible for appointing a voting majority of the members of the board of
the Hancock County Wastewater District, but the county's accountability for this organization does not extend
beyond making the appointments. During the year, the county wrote off a loan receivable in the amount of
$7,500 which was owed by this organization. The county provided no financial support to this organization
during the year.
(17) Joint Ventures.
The county participates in the following joint ventures:
Hancock County is a participant with the Cities of Pass Christian and Waveland in a joint venture, authorized by
Section 49-17-171, Miss. Code Ann. (1972), to operate the Southern Regional Wastewater Management District.
The joint venture was created to provide wastewater management and is governed by a three member board
with each entity appointing one board member. By contractual agreement, the county's appropriation to the
joint venture this year was $377,152. Complete financial statements for the district can be obtained from the
director.
Hancock County is a participant with the Cities of Bay St. Louis and Waveland in a joint venture, authorized by
Section 39-3-8, Miss. Code Ann. (1972), to operate the Hancock County Library System. The joint venture was
created to provide library services and is governed by a five member board. Hancock County and Bay St. Louis
each appoint two board members and Waveland appoints one board member. By contractual agreement, the
county's appropriation this year to the joint venture was $367,184. Complete financial statements for the library
can be obtained from the Hancock County Library Board.
(18) Jointly Governed Organizations.
The county participates in the following jointly governed organizations:
Pearl River Community College operates in a district composed of the Counties of Hancock, Pearl River,
Lamar, Marion, Jefferson Davis and Forrest. The Hancock County Board of Supervisors appoints two of the 16

members of the college board of trustees. The county contributed only a small part of the entity's total
revenues.
HANCOCK COUNTY
Notes to Financial Statements
For the Year Ended September 30, 1995
39
The South Mississippi Planning and Development District provides services for the following counties:
Hancock, Jefferson Davis, Covington, Jones, Wayne, Marion, Lamar, Forrest, Perry, Greene, Pearl River,
Stone, George, Harrison and Jackson. The Hancock County Board of Supervisors appoints one of the 27
members of the district's board of directors. The county contributed only a small part of the entity's total
revenues.
The Gulf Regional Planning and Development District provides services for the following counties: Hancock,
Harrison and Jackson. The Hancock County Board of Supervisors appoints three of the nine members of the
district's board of directors. The county contributed only a small part of the entity's total revenues.
The Region XIII Commission provides services for the following counties: Hancock, Harrison, Pearl River and
Stone. The Hancock County Board of Supervisors appoints one of the four members of the commission's board
of commissioners. The county contributed only a small part of the entity's total revenues.
The Mississippi Regional Housing Authority IV provides services for the following counties: Hancock,
Covington, Jones, Wayne, Marion, Lamar, Forrest, Perry, Greene, Pearl River, Stone, George, Harrison and
Jackson. The Hancock County Board of Supervisors appoints one of the 15 members of the district's board of
directors. The county provided no financial support to the housing authority in fiscal year 1995.
The Gulf Coast Community Action Agency provides services to the following member governments: the
Counties of Hancock, Harrison, Greene and George and the Cities of Biloxi, Bay St. Louis and Gulfport. The
Hancock County Board of Supervisors appoints one of the 24 board members. The county contributed only a
small part of the entity's total revenues.
(19) Defined Benefit Pension Plan.
Primary Government.
Plan Description. Hancock County, Mississippi, contributes to the Public Employees' Retirement System of
Mississippi (PERS), a cost-sharing, multiple-employer, defined benefit pension plan. PERS provides retirement
and disability benefits, annual cost-of-living adjustments and death benefits to plan members and beneficiaries.

Benefit provisions are established by state law and may be amended only by the State of Mississippi Legislature.
PERS issues a publicly available financial report that includes financial statements and required supplementary
information. That information may be obtained by writing to Public Employees’ Retirement System, PERS
Building, 429 Mississippi Street, Jackson, MS 39201-1005 or by calling 1-800-444-PERS.
Funding Policy. PERS members are required to contribute 7.25% of their annual covered salary and the county
is required to contribute at an actuarially determined rate. The current rate is 9.75% of annual covered payroll.
The contribution requirements of PERS members are established and may be amended only by the State of
Mississippi Legislature. The county's contributions (both employer and employee shares) to PERS for the years
ending September 30, 1995, 1994 and 1993 were $555,232, $488,304 and $444,747, respectively, equal to the
required contributions for each year.
Component Units.
All component units of the county also participate in the Public Employees' Retirement System. Their
respective contributions to PERS for the years ending September 30, 1995, 1994 and 1993 were equal to the
required contributions for each year.
HANCOCK COUNTY
Notes to Financial Statements
For the Year Ended September 30, 1995
40
(20) Subsequent Events.
Subsequent to September 30, 1995, Hancock County issued the following debt obligations:
Issue Interest Issue Type of Source of
Date Rate Amount Financing Financing
10-15-95 5.15 $ 85,000 Loan General Fund levy
11-15-95 5.25 189,012 Lease purchase General Fund levy