Rapides Parish School Board

Transcription

1 Rapides Parish Shl Bard Alexandria, Luisiana June 3, 213

2 Rapides Parish Shl Bard Alexandria, Luisiana June 3, 213 Table f Cntents Exhibit Page Intrdutry Set (unaudited) Letter f Transmittal Organizat Chart List f Pripal Offiials iiv v vi Fanial Set Independent Auditr's Reprt 13 Required Supplemental Infrmat Part I (unaudited) 4 Management's Disuss and Analysis 514 Basi Fanial Statements 15 GvernmentWide Fanial Statements 16 Statement f Net Psit A 17 Statement f Ativities B 18 Fund Fanial Statements 19 Balane Sheet Gvernmental Funds C 2 Reniliat f Gvernmental Funds Balane Sheet t the Statement f Net Psit D 21 Statement f Revenues, Expenditures, and Changes Fund Balanes Gvernmental Funds E 22 Reniliat f the Statement f Revenues, Expenditures, and Changes Fund Balanes f Gvernmental Funds t the Statement f Ativities F 23 Statement f Fiduiary Assets and Liabilities Fiduiary Fund G 24 Ntes t Basi Fanial Statements 2551 Required Supplemental Infrmat Part II (unaudited) 52 Statement Shedule f Revenues, Expenditures, and Changes Fund Balane Budget and Atual General Fund H1 53 Shedule f Revenues, Expenditures, and Changes Fund Balane Budget and Atual Shl Lunh/Breakfast Fund H2 54 Shedule f Fundg Prgress I 55

3 Rapides Parish Shl Bard Alexandria, Luisiana June 3, 213 Table f Cntents Statement Paae Supplemental Infrmat Nnmajr Gvernmental Funds Cmbg Fanial Statements Cmbg Balane Sheet J1 Cmbg Statement f Revenues, Expenditures, and Changes Fund Balanes J2 Cmbg Balane Sheet Nnmajr Speial'Revenue Funds Shl Distrits Matenane Funds J3 Cmbg Statement f Revenues, Expenditures, and Changes Fund Balanes Nnmajr Speial Revenue Funds Shl Distrits Matenane Funds J4 Cmbg Shedule f Revenues, Expenditures, and Changes Fund Balanes Budget and Atual Nnmajr Speial Revenue Funds J5 Cmbg Shedule f Revenues, Expenditures, and Changes Fund Balanes Budget and Atual Nnmajr Speial Revenue Funds Shl Distrits Matenane Funds J6 Statement f Changes Fiduiary Assets and Liabilities Shl Ativity Ageny Fund K1 Statement f Changes Depsits Due Others Shl Ativity Ageny Fund K Cmpensat Paid Bard Members Shedule f Cmpensat Paid Bard Members Net Psit by Cmpnent, Last Ten Fisal Years Changes Net Psit, Last Ten Fisal Years Statistial Set (unaudited) L Table 1 lllll

4 Rapides Parish Shl Bard Alexandria, Luisiana June 3, 213 Table f Cntents Fund Balanes, Gvernmental Funds, Last Ten Fisal Years Changes Fund Balanes, Gvernmental Funds, Last Ten Fisal Years, Assessed Value and Atual Value f Taxable Prperty, Last Ten Fisal Years Diret and Overlappg Prperty Tax Rates, Last Ten Fisal Years Parish f Rapides, Pripal Taxpayers, Current Year and Ne Years Ag Prperty Tax Levies and Cllets, Last Ten Tax Years Ratis f Outstandg Debt, Last Ten Fisal Years Diret and Overlappg Gvernmental Ativities Debt, As f June 3, 213 Legal Debt Marg Infrmat, Last Ten Years Demgraphi Statistis, Last Ten Years Pripal Emplyers Parish f Rapides, Current Year and Ne Years Ag Fulltime Equivalent (FTE) Emplyees, Last Ten Fisal Years Operatg Statistis, Last Ten Years Teaher Base Salaries, Last Ten Fisal Years Shl Buildg Infrmat, Last Ten Fisal Years Table IV VVII VIII IX X XI XII XIII XIV XV XVI XVII XVIII XIX XX Page

5 PAYNE, MOORE & HERRINGTON, LLP [[RTIFI[D PUBLIC ACUNTANT!; Established 1945 Independent Auditr's Reprt Rapides Parish Shl Bard Alexandria, Luisiana Reprt n the Fanial Statements We have audited the ampanyg fanial statements f the gvernmental ativities, eah majr fund, and the aggregate remag fund frmat f the Rapides Parish Shl Bard, Alexandria, Luisiana, as f and fr the year ended June 3, 213, and the related ntes t the fanial statements, whih lletively mprise the Shl Bard's basi fanial statements as listed the table f ntents. Management's Respnsibility fr the Fanial Statements Management is respnsible fr the preparat and fair presentat f these fanial statements ardane with auntg priples generally aepted the United States f Ameria; this ludes the design, implementat, and matenane f ternal ntrl relevant t the preparat and fair presentat f fanial statements that are free frm material misstatement, whether due t fraud r errr. Auditr's Respnsibility Our respnsibility is t express ps n these fanial statements based n ur audit. We nduted ur audit ardane with auditg standards generally aepted the United States f Ameria and the standards appliable t fanial audits ntaed Gvernment Auditg Standards, issued by the Cmptrller General f the United States. Thse standards require that we plan and perfrm the audit t bta reasnable assurane abut whether the fanial statements are free f material misstatement. An audit vlves perfrmg predures t bta audit evidene abut the amunts and dislsures the fanial statements. The predures seleted depend n the auditr's judgment, ludg the assessment f the risks f material misstatement f the fanial statements, whether due t fraud r errr. In makg thse risk assessments, the auditr nsiders ternal ntrl relevant t the entity's preparat and fair presentat f the fanial statements rder t design audit predures that are apprpriate the irumstanes, but nt fr the purpse f expressg an p n the effetiveness f the entity's ternal ntrl. Ardgly, we express n suh p. An audit als ludes evaluatg the apprpriateness f auntg pliies used and the reasnableness f signifiant auntg estimates made by management, as well as evaluatg the verall presentat f the fanial statements. l!dieiirwjvdm.c.pi [INOy l. HUMPNIIEUIl 1 mm I mm. m. OEBmH i mi HI3 HSIRO isiv! p.i. m mn HimiiuyNM..Pi «[«[[[* E.mm.Pi ^ HUHNDIIDI, u/13153?i EVELYN BENEBOW, <'> PH: (311) FU: (318)

6 'H PAYNE, MOORE & HERRINGTON, LLP Rapides Parish Shl Bard Alexandria, Luisiana We believe that the audit evidene we have btaed is suffiient and apprpriate t prvide a basis fr ur audit ps. Ops In ur p, the fanial statements referred t abve present fairly, all material respets, the respetive fanial psit f the gvernmental ativities, eah majr fund, and the aggregate remag fund frmat f the Rapides Parish Shl Bard as f June 3, 213, and the respetive hanges fanial psit theref fr the year then ended nfrmity with auntg priples generally aepted the United States f Ameria. Other Matters Required Supplementary Infrmat Auntg priples generally aepted the United States f Ameria require that the management's disuss and analysis, budgetary mparisn frmat, and shedule f fundg prgress fr pstemplyment health are and life surane benefits labeled "Required Supplemental Infrmat" the table f ntents (Part I and Part II) be presented t supplement the basi fanial statements. Suh frmat, althugh nt a part f the basi fanial statements, is required by the Gvernmental Auntg Standards Bard, wh nsiders it t be an essential part f fanial reprtg fr plag the basi fanial statements an apprpriate peratal, enmi, r histrial ntext. We have applied erta limited predures t the required supplementary frmat ardane with auditg standards generally aepted the United States f Ameria, whih nsisted f quiries f management abut the methds f preparg the frmat and mparg the frmat fr nsisteny with management's respnses t ur quiries, the basi fanial statements, and ther knwledge we btaed durg ur audit f the basi fanial statements. We d nt express an p r prvide any assurane n the frmat beause the limited predures d nt prvide us with suffiient evidene t express an p r prvide any assurane. Other Infrmat Our audit was nduted fr the purpse f frmg ps n the fanial statements that lletively mprise the Rapides Parish Shl Bard's basi fanial statements. The trdutry set, supplemental frmat, and statistial set, are presented fr purpses f addital analysis and are nt a required part f the fanial statements.

7 ^H PAYNE, MOORE & HERRINGTON, LLP Rapides Parish Shl Bard Alexandria, Luisiana The frmat labeled "Supplemental Infrmat" the table f ntents is the respnsibility f management and was derived frm and relates diretly t the underlyg auntg and ther rerds used t prepare the fanial statements. Suh frmat has been subjeted t the auditg predures applied the audit f the fanial statements and erta addital predures, ludg mparg and renilg suh frmat diretly t the underlyg auntg and ther rerds used t prepare the fanial statements r t the fanial statements themselves, and ther addital predures ardane with auditg standards generally aepted the United States f Ameria. In ur p, the frmat is fairly stated all material respets relat t the fanial statements as a whle. The "Intrdutry Set" and "Statistial Set" have nt been subjeted t the auditg predures applied the audit f the basi fanial statements and, ardgly, we d nt express an p r prvide any assurane n them. Other Reprtg Required by Gvernment Auditg Standards In ardane with Gvernment Auditg Standards, we have als issued ur reprt dated Deember 5, 213, n ur nsiderat f the Rapides Parish Shl Bard's ternal ntrl ver fanial reprtg and n ur tests f its mpliane with erta prviss f laws, regulats, ntrats, and grant agreements and ther matters. The purpse f that reprt is t desribe the spe f ur testg f ternal ntrl ver fanial reprtg and mpliane and the results f that testg, and nt t prvide an p n the ternal ntrl ver fanial reprtg r n mpliane. That reprt is an tegral part f an audit perfrmed ardane with Gvernment Auditg Standards nsiderg Rapides Parish Shl Bard's ternal ntrl ver fanial reprtg and mpliane. P. W>u //IMVO f ll\a*^*yjrr^ J ^ ' Certified Publi Auntants Alexandria, Luisiana Deember 5, 213

8 Required Supplemental Infrmat Part I

9 Management's Disuss and Analysis

10 Rapides Parish Shl Bard Management's Disuss and Analysis (MD&A) This disuss and analysis is tended t serve as an trdut t Rapides Parish Shl Bard's basi fanial statements. The basi fanial statements nsist f three mpnents: Gvernment Wide Fanial Statements, Fund Fanial Statements, and Ntes t Basi Fanial Statements. Fanial Highlights > The Shl Bard's assets exeeded its liabilities by 54. mill (net psit) fr the year ended June 3, 213. This mpares t 57.5 mill fr the previus year. > Ttal net psit at June 3, 213, nsists f the fllwg: Net vestment apital assets f 26.9 mill, whih nsist f prperty and equipment, net f aumulated depreiat, and redued fr utstandg debt related t the nstrut r purhase f apital assets. Net psit f 33.6 mill is restrited frm utside sures, suh as grantrs, tax prpsits apprved by the vters, et. Unrestrited net psit reflets (6.5) mill defiit. > The Shl Bard's gvernmental funds reprted fund balanes f 61.3 mill this year, mpared t 63.7 mill fr the previus year. > At June 3, 213, the General Fund had a 23.5 mill fund balane, an rease f 2.5 mill frm the previus year. GvernmentWide Fanial Statements The GvernmentWide Fanial Statements prvide a brad view f the Shl Bard's perats. The Statement f Net Psit and the Statement f Ativities, whih appear first the Shl Bard's fanial statements, reprt frmat n the Shl Bard as a whle and its ativities a manner whih is similar t a privatesetr busess. These statements lude all assets and liabilities, and are prepared usg the arual basis f auntg. All f the urrent year's revenues and expenses are taken t aunt regardless f when ash is reeived r paid. The Statement f Net Psit presents all f the Shl Bard's assets and liabilities, with the differene between the tw reprted as "net psit". Over time, reases r dereases the Shl Bard's net psit may serve as a useful diatr f whether the Shl Bard's fanial psit is imprvg r deteriratg. The Statement f Ativities presents frmat shwg hw the Shl Bard's net psit hanged durg the mst reent fisal year. All hanges net psit are reprted as sn as the underlyg event givg rise t the hange urs, regardless f the timg f related ash flws. Thus, revenues and expenses are reprted this statement fr sme items that will nt result ash flws until future fisal perids, e.g., earned but unused sik leave. The Statement f Net Psit and Statement f Ativities reprt the gvernmental ativities f the Shl Bard. All f the Shl Bard's servies are reprted here, ludg strut, supprt servies, shl fd servie, and debt servie. Fund Fanial Statements Gvernmental Funds The Shl Bard's Fund Fanial Statements fllw the GvernmentWide statements and prvide detailed frmat abut the Shl Bard's mst signifiant funds, nt the Shl Bard as a whle. Sme funds are required t be established by State law and by bnd venants. Hwever, the Shl Bard establishes many ther funds t help it ntrl and manage mney fr partiular purpses r t shw that it is meetg legal respnsibilities fr usg erta taxes, grants, and ther mney, e.g., grants frm the U.S. Department f Eduat.

11 Rapides Parish Shl Bard Management's Disuss and Analysis (MD&A) All f the Shl Bard's servies are reprted gvernmental funds whih fus n shwg hw mney flws t and ut f funds and the balanes left at yearend that are available fr spendg. They are reprted usg an auntg methd alled mdified arual auntg, whih measures ash and all ther fanial assets that an readily be nverted t ash. The gvernmental fund statements prvide a detailed shrtterm view f the Shl Bard's perats and the servies it prvides. Gvernmental fund fmnat helps the reader determe whether there are mre r fewer fanial resures that an be spent the near future t fane the Shl Bard's prgrams. The relatship (r differene) between gvernmental ativities reprted the Statement f Net Psit and the Statement f Ativities and gvernmental funds is reniled the fanial statements. Fiduiary Funds The Shl Bard is the trustee, r fiduiary, fr shl ativity funds. All f the Shl Bard's fiduiary ativities are reprted the Statement f Fiduiary Assets and Liabilities whih fllws the fund fanial statements. These ativities have been exluded frm the Shl Bard's ther fanial statements beause the Shl Bard annt use these assets t fane its perats. The Shl Bard is respnsible fr ensurg that the assets reprted these funds are used fr their tended purpses. Ntes t the Basi Fanial Statements The ntes prvide addital frmat that is essential t a full understandg f the data prvided the gvernmentwide and the fund fanial statements and are lated after the basi fanial statements. GvernmentWide Fanial Analysis The fllwg table presents the statement f Net Psit a ndensed manner and gives mparisns t the previus year. Net Psit As f June 3, 213 and 212 ( mills) Assets Current and ther assets Capital assets Ttal Assets Amunt f Change Inrease/ (Derease) (1.4) (4.2) (5.6) Perentage Change Inrease/ (Derease) (1.4) (4.) (2.7) Deferred Outflw f Resures Deferred harge n refundg Ttal Deferred Outflw Resures Liabilities Current and ther liabilities Lngterm liabilities Ttal Liabilities (2.8) (2.) 2.2 iz5) (1.4)

12 Rapides Parish Shl Bard Management's Disuss and Analysis (MD&A) Net Psit Net vestment apital assets, Restrited Unrestrited Ttal Net Psit je^) i. _54i) 2_ L5 _ Amunt f Change Inrease/ (Derease) (5.6) (5.4) 7.5 JM) L Perentage Change Inrease/ (Derease) (17.2) (13.8) 53.6 (6.1) The fllwg tables shw graphially hanges assets, liabilities, and net psit between the present and previus fisal years. Assets Liabilites Current Assets Capital Assets Current & Other Lngterm ^^B zim zjm Net Assets ^^H ^^1 ^^1 ^^ ^^^^B Net vestment Capital Assets Restrited Unrestrited Current assets dereased slightly durg 213 due t dereases ash r ash equivalents and aunts reeivable. Capital assets dereased durg 213 as a net result f depreiat expense n apital assets and the derease nstrut prgress. Cnsequently, lngterm liabilities dereased due t annual payments n existg General Obligat Bnds. In addit, urrent liabilities reased due t an rease aunts payable and ntrats payable, an rease unearned revenues, and a derease salaries payable. The net result f dereases nstrut prgress, furniture and equipment, and lngterm liabilities was a derease net vestment apital assets fr 213. In addit, restrited net psit dereased mderately due t the net effet f a slight rease a majrity f the matenane fund aunts and the derease apital prjets. Unrestrited net psit reased signifiantly frm prir year.

13 Rapides Parish Shl Bard Management's Disuss and Analysis (MD&A) The results f this year's perats fr the Shl Bard as a whle are reprted the Statement f Ativities. The fllwg table presents the frmat frm that statement and rearranges it t present a slightly different perspetive. Revenues Prgram revenues: Charges fr servies Operatg grants and ntributs Capital grants and ntributs General revenues: Prperty taxes Sales taxes Grants and ntributs nt restrited t speifi prgrams: Mimum Fundat Prgram State revenue sharg Other unrestrited taxes Other revenues: Unrestrited vestment earngs Ga (lss) n sale f asset Other Ttal revenues Changes Net Psit Fr the Fisal Years Ended June 3, 213 and ( mills) Amunt f Change Inrease/ (Derease) (.3) (2.4) (.5) 2.2 (.1) (.1) Perentage Change Inrease/ (Derease) (13.) (7.1) (1.) 6.8 (.3) (5.) Funts/Prgram Expenses: Current: Instrut: Regular prgrams Speial eduat prgrams Vatal prgrams Other strutal prgrams Speial prgrams Adult and ntug eduat prgrams Supprt servies: Student servies Instrutal staff supprt General admistrat Shl admistrat Busess servies Plant servies Student transprtat servies Central servies Other supprt servies , (.2).1 (.9) (.1) (.1) (5.1) 5.6 (7.1) (5.) 1.7 (2.)

14 Rapides Parish Shl Bard Management's Disuss and Analysis (MD&A) Fd servies Cmmunity servie prgrams Debt servie: Interest and fisal harges Ttal expenses Inrease (derease) net psit Begnq net psit Endg net psit _ (3.5) Amunt f Change Inrease/ (Derease) (.3) (3.5). 12.S) Perentage Change Inrease/ (Derease) (1.9) (6.1) The mst signifiant hange revenues, when mpared t the previus year was the derease peratg grants and ntributs f 2.4 mill and the derease apital grants and ntributs f.5 mill as a result f the elimat f funds fr several federal prgrams and state grant funded prgrams. Mimum Fundat Prgram revenues reased by 2.3 mill whih was the net effet f the psitive grwth student ppulat and the psitive adjustment t student ppulat weights. General revenues were impated by psitive grwth the enmy with prperty taxes reasg 213 by 2.2 mill due t reassessment. Hwever, sales tax revenues shwed a slight derease f.1 mill 213 when mpared t prir year. Other revenues had a psitive net impat f 1.5 mill as a result f 2. mill frm surane preeds due t the Mart Park Elementary fire and.5 transfer f MFP t ther LEAs. Inreased sts ntued t impat virtually all prgram expenses 213 and budget uts were a nstant remder f the past. Prir t the begng f the fisal year, staffg adjustments were made rder t lessen the effet f reasg sts due t retirement and health surane. Despite these effrts, strutal prgrams f regular prgrams, speial eduat, and ther strutal reased ver the prir year by 1.7 mill,.7 mill, and.1 mill, respetively. Supprt prgrams f general admistrat, shl admistrat, plant servies, student transprtat, and debt servie reased ver the prir year by.5 mill,.7 mill, 2.7 mill,.5 mill, and.5 mill, respetively. Speial prgrams, fd servie, and vatal prgrams shwed dereases f.9 mill,.3 mill and.2 mill. The majr fatr impatg these hanges expenses frm prir year was a bard apprved netime salary supplement at a ttal st f 3.1 mill. Fllwg is a hart mparg expenses, by majr ategry fr the urrent and immediately preedg year. 1

15 Rapides Parish Shl Bard IVIanagement's Disuss and Analysis (MD&A) Expenses ( mills) f n ij 3 JQL ITTIITC^TI tk'=bm ^ ^.^ '.?? ' ^^.9' Z^" ^<f y.^ "<^V//.^ >V >v xf ^O.<>".^".6J>.. ^.'^.. J^.. ^ ^^ ^^.^ S <<" AsO" ^f </ N<? ^ s JX g Individual Funds Analysis As previusly disussej, gvernmental funds are reprted the fund statements with a shrtterm, flw and utflw f spendable resures fus. This frmat is useful assessg resures available at the end f the year mpahsn with upmg fang requirements. Gvernmental funds reprted endg fund balanes f 61.3 mill. Of this amunt apprximately 21.8 mill is unassigned, diatg its availability t fund future servies. The General Fund shwed an rease fund balane frm the previus year. The June 3, 213, fund balane fr the General Fund is equal t apprximately 14.9 f ttal General Fund revenues, reasg frm the previus year. The Shl Bard's General Fund is primarily driven by persnnel with salaries and benefits mprisg 89.1 f the expenditures. The Shl Lunh/Breakfast Fund balane shwed an rease fund balane f apprximately.4 mill r 11.3 when mpared t the previus year. The Shl Lunh/Breakfast Fund's rease an be attributed maly t a derease the st f purhased fd used and a derease all aspets f salaries and related benefits ludg wrkers' mpensat expenses. General Fund Budget A shedule shwg the Shl Bard's rigal and fal budget amunts mpared with atual amunts is prvided later this reprt as Required Supplemental Infrmat. Fllwg are the amendments t the General Fund rigal budget. 11

16 Rapides Parish Shl Bard Management's Disuss and Analysis (MD&A) Budget Amendments The General Fund budget was amended durg the year t reflet adjustments revenues and expenditures. Ad valrem taxes were reased by 1.7 mill as a result f the 212 tax year beg a reassessment year and sales and misellaneus taxes were dereased by.3 mill with the stagnant enmy beg the ma ntributg fatr. State Equalizat funds were reased by.4 mill as a result f a midyear adjustment fr student unt and ther state sures was reased by.3 mill. All prgram budgets were amended t reflet the rease t salaries and benefits due t the bard apprved ne time salary supplement. Regular prgrams, speial eduat prgrams, and speial prgrams were reased by 1.7 mill, 1.1 mill, and.1 mill, respetively. Several prgrams with supprt servies had reases budgets with the mst signifiant hanges beg plant servies, apital utlay, shl admistrat, and student servies with reases f 1.2 mill,.7 mill,.7 mill, and.5 mill. Other fang sures budget fr preeds frm surane was reased by 2. mill as a result f Mart Park Elementary Fire and transfers was dereased by.2 mill due t dereased sales tax revenues. Other fang uses budgets were dereased fr transfers ut and lal revenue transfers ther LEAs by.4 mill and.3 mill. Addital budget adjustments were made with prgram funts whih refleted as a zer hange fr the verall prgram. Budget Varianes Atual peratg results reflet the fllwg whih are the mre signifiant differenes between the General Fund fal amended budget and atual amunts. The largest budget variane revenues and ther fang sures were the reased amunts f transfers f.2 mill. Furthermre, sales and misellaneus taxes, ther lal sures, and federal sures exeeded budget by.1 mill eah and ther state sures failed t meet budget expetats by.1 mill. Atual expenses fr strutal prgrams were 2.3 mill less than expeted with regular eduat, speial eduat prgrams, and vatal expenses 1.7 mill,.5 mill, and.1 mill less than expeted. This variane was primarily related t salaries and related benefits whih is the result f ntued staffg adjustments durg 213. Atual expenses fr supprt servies were 2.5 mill less than expeted with student servies, strutal staff supprt, general admistrat, shl admistrat, plant servies, and student transprtat servies expenses beg.3 mill,.3 mill,.7 mill,.2 mill,.9 mill, and.7 mill less than expeted, respetively, and apital utlay expenses beg.7 mill mre than expeted. The previusly mented varianes between the fal budget and atual amunts are summarized as fllws. Revenues and Other Fang Sures Sales and misellaneus taxes Other Lal sures Other State sures Federal sures Transfers In Ttal Revenues and Other Fang Sures Variane Psitive (Negative) ( mills).1.1 (.1)

17 Rapides Parish Shl Bard Management's Disuss and Analysis (MD&A) Expenditures and Other Fang Uses Instrutal prgrams Supprt and ther prgrams Transfers ut and ther LEAs Ttal Expenditures and Other Fang Uses Capital Asset and Debt Admistrat Capital Assets At June 3, 213, the Shl Bard had 11.7 mill (net f depreiat) vested a brad range f apital assets, ludg land, buildgs, and furniture and equipment This amunt dereased frm the previus year. As a result f the mplet f nstrut prgress and depreiat, buildgs and imprvements reased t 89.2 mill, while furniture and equipment dereased t 8. mill and nstrut prgress dereased t 2.1 mill. The fllwg table shws apital assets, net f depreiat fr this year mpared t last year's amunts. (Mills) Capital Assets at YearEnd Land Buildgs and imprvements Furniture and equipment Cnstrut prgress Ttals At June 3, 213 the apital prjets funds remag frm bnd issues have 11.7 mill f unexpended bnd preeds. Debt Admistrat At June 3, 213, the Shl Bard had 81,381, general bligat bnds and 5,175, ertifiates f debtedness utstandg with maturities frm and terest rates rangg frm.1 t Under state law, the Shl Bard is legally restrited frm urrg lngterm bnded debt exess f 35 f the assessed value f taxable prperty. At June 3, 213, the Shl Bard's bnded debt f 71,381, was well belw the legal limit f 34,854,285. Ntes ne and eleven t the fanial statements prvide mre detailed frmat n apital assets and lngterm debt ativity. 13

18 Rapides Parish Shl Bard Management's Disuss and Analysis (MD&A) Enmi Fatrs and Next Year's Budgets and Rates The signifiant hanges whih impat the sueedg year's budget fr expenditures are the rease the st fr emplyer retirement ntributs (2.4 mill) and the rease salaries and related benefits (2.1 mill) due t the rease teaher pay per HB1 (1. mill), staffg adjustments (.8 mill), and pssible hspitalizat rate reases (.3 mill). Nnemplyee reases t the budget were.5 mill fr textbks and.5 mill fr transfers ut. The General Fund budget was als dereased by 3.1 mill t reflet the ne time salary supplement paid the previus year. The signifiant hanges revenues are the reases f state restrited revenue (1. mill), state unrestrited revenue (1. mill) and State Equalizat Funds (.5 mill). Othenwise, lal, federal, and ther revenue fundg remaed nstant fr the General Fund 214. The tax rll fr 213 prperty taxes has been released and shws a 3.6 rease parishwide taxable assessed values mpared t the previus year. This rease assessed taxable value is largely attributed t nstrut grwth the parish. Sales taxes fr the first quarter f the Shl Bard's fisal year shwed an rease f apprximately three perent ver the same perid the previus year. The Shl Bard's fanial statements fr were impated by GASB 45 with regards t the liability fr ther pst emplyment benefits. Management feels erta that this liability will ntue t impat the Shl Bard's fanial statements fr and future years. The Shl Bard levied mills renewable and nstitutal ad valrem taxes fr the fisal year, refletg a slight derease f 2.38 mills frm prir year. Renewable taxes are at a set rate apprved by the eletrate, exept fr statutrily prvided rll up and rll bak prviss durg reassessment, every fur years. Levies fr debt servie n bnd issues amunted t mills, a derease frm the mills levied the previus year. This derease is a result f adjustments required due t hanges assessed values f prperty durg reassessment and bnds nearg maturity. State law prvides that bnd millages may be adjusted up r dwn rder t llet suffiient taxes t servie bnded debt. Several f the debt servie funds have aumulated balanes suffiient t servie the debt with a lwered millage fr the freseeable future and, therefre, their debt servie millages were redued fr the year. Additally, sme distrits have bnd issues that are nearg the end f their term. Cntatg the Shl Bard's Fanial Management This fanial reprt is designed t prvide a general verview f the Shl Bard's fanes fr all thse with an terest the Shl Bard's fanes. Quests abut this reprt r requests fr addital frmat shuld be addressed t Elizabeth A. Dmite, Diretr f Fane, Rapides Parish Shl Bard, P. O. Bx 123, Alexandria, LA 7139, telephne number (318)

19 Basi Fanial Statements 15

20 GvernmentWide Fanial Statements 16

21 Rapides Parish Shl Bard Alexandria, Luisiana Statement f Net Psit Gvernmental Ativities June 3, 213 Exhibit A Assets Cash and ash equivalents Certifiate f depsit Reeivables Inventries Other assets Restrited ash and ash equivalents Restrited vestments Capital assets, net f depreiat Nndepreiable Land and imprvements 2,411,499 Cnstrut prgress 2,68,177 Depreiable Buildgs and imprvements 89,186,9 Furniture and equipment 8,33,468 Ttal Assets Deferred Outflw f Resures Deferred harge n refundg Liabilities Salaries and emplyee benefits payable Aunts payable Cntrats payable Arued terest payable Unearned revenues Lngterm liabilities Due with ne year 8,415,37 Due mre than ne year 99,971,716 Ttal Liabilities Net Psit Net vestment apital assets Restrited fr Salaries and related benefits Natal frest eduatal pprtunity Other speial purpses Debt servie Capital prjets Permanent fund nnexpendable Permanent fund expendable Unrestrited Ttal Net Psit The ampanyg ntes are an Integral part f the basi fanial statements. 72,441,123 15,226 12,89, ,542 1,893 9,912,148 1,786,417 11,699, ,938, ,284 27,647,625 4,15,12 1,959, ,551 2,297,36 18,386, ,12,212 26,886,662 59,182 26,3 11,217,973 9,882,483 11,743,59 3, 12,284 (6,52,567) 53,958,556 17

22 Rapides Parish Shl Bard Alexandria, Luisiana statement f Ativities Gvernmental Ativities Year Ended June 3, 213 Exhibit B Funts/Prgrams Current Instrut Regular prgrams Speial eduat prgrams Vatal prgrams Other strutal prgrams Speial prgrams Adult and ntug eduat prgrams Supprt servies Student servies Instrutal staff supprt General admistrat Shl admistrat Busess servies Plant servies Student transprtat servies Central servies Other supprt servies Fd servies Cmmunity servie prgrams Debt servie Interest and fisal harges Ttal Gvernmental Ativities Expenses 92,15,848 3,671,825 3,743,15 1,881,738 11,773,12 9,831 12,325,835 1,95,76 3,64,842 12,978,65 1,419,1 25,87,788 11,985,359 2,11,5 129,416 15,377, ,55 3,589, ,769,179 Prgram Revenue Operatg Capital Grants Charges fr Grants and and Servies nnntrihutlnns nnntrihiitns 137,863 1,888,543 7,513 2,33,919 2,44,851 5,861, , ,956 1,927,25 419, ,514 9,842,158 48,727 48,727 Net (Expense) Revenue and Changes Net Psit Gvernmental Ativities (89,574,997) (24,672,317) (3,383,23) (1,195,782) (846,77) (9,831) (11,96,436) (9,482,192) (3,64,842) (12,978,65) (1,419,1) (25,759,61) (11,985,359) (2,11,5) (129,416) (3,646,877) (134,542) (3,589,666) (26,536,2) General Revenues Taxes Prperty taxes, levied fr general purpses Prperty taxes, levied fr debt servie purpses Sales tax, levied fr general purpses Sales tax, levied fr salaries and related benefits Other unrestrited taxes Grants and ntributs nt restrited t speifi prgrams Mimum fundat prgram State revenue sharg Rentals, leases, and ryalties Federal erate Unrestrited Investment earngs Misellaneus Insurane preeds Ga (lss) n sale f asset Lal revenue transfers ther LEAs Ttal General Revenues Change Net Psit Net Psit, Begng f Year Net Psit, End f Year The ampanyg ntes are an tegral part f the basi fanial statements. 25,988,195 8,475,843 11,888,514 23,777,28 1,21,54 128,71,381 98,321 52,656 6, , ,74 2,, (257,53) (45,322) 22,952,428 (3,583,772) 57,542,328 53,958,556 18

23 Fund Fania; Statements 19

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25 Rapides Parish Shl Bard Alexandria, Luisiana Reniliat f Gvernmental Funds Balane Sheet t the Statement f Net Psit June 3, 213 Exhibit D Ttal Fund Balanes, Gvernmental Funds 61,319,423 Amunts reprted fr gvernmental ativities ttie Statement f Net Psit are different beause: Deferred utflw f resures are nt available t pay fr urrentperid expenditures and, therefre are nt reprted the fund fanial statements. 122,284 Capital assets used gvernmental ativities are nt urrent fanial resures and, therefre, are nt reprted the fund fanial statement but are reprted the gvernmental ativities f the Statement f Net Psit. 11,699,153 Sme liabilities are nt due and payable the urrent perid and are nt luded the fund fanial statement but are luded the gvernmental ativities f the Statement f Net Psit: Wrkers' mpensat laims (2,498,941) Liability laims (669,157) Pstemplyment benefit bligat (7,185,597) Cmpensated absenes (11,477,58) Certifiates f debtedness (5,175,) Bnded debtedness (81,381,) Interest n lngterm debt is arued the Statement f Net Psit, but nt the gvernmental funds. (795,551) Net Psit f Gvernmental Ativities the Statement f Net Psit 53,958,556 The ampanyg ntes are an tegral part f the basi fanial statements. 21

26 Rapides Parish Shl Bard Alexandria, Luisiana Statement f Revenues, Expenditures, and Changes Fund Balanes Gvernmental Funds Year Ended June 3,213 Exhibit E Revenues Lal sures Taxes Ad valrem taxes Sales and misellaneus taxes Rentals, leases, and ryalties Charges fr servies Interest earngs Fd servies Other State sures Equalizat Other Federal sures Ttal Revenues General Fund 17,744,91 11,888,514 51,456 5,995 1,14,9 128,57,741 1,393,58 626, ,367,372 Shl Lunh/Breakfast Fund 4,42 1,889,79 22,64 9,842,158 11,937,919 Other Gvernmental Funds 17,523,195 23,777,28 1,2 69,24 682,269 1,393,519 18,141,553 61,587,968 Ttal Gvernmental Funds 35,268,96 35,665,542 52, ,241 1,889,79 1,786, ,71,381 2,786,577 28,61, ,893,259 Expenditures Current Instrut Regular prgrams Speial eduat prgrams Vatal prgrams Other strutal prgrams Speial prgrams Adult and ntug eduat prgrams Supprt servies Student servies Instrutal staff supprt General admistrat Shl admistrat Busess servies Plant servies Student transprtat servies Central servies Other supprt servies Fd servies Cmmunity servie prgrams Capital utlay Debt servie Pripal retirement Interest and fisal harges Ttal Expenditures Exess (Defiieny) f Revenues Over Expenditures 85,682,414 27,559,472 3,312,935 1,685,681 2,122,3 38,362 9,924,49 4,939,731 2,93,394 12,44,297 1,38,473 7,116,631 1,923,249 1,743, , ,579 37,779 1,969,93 514, ,16 175,263,943 (13,896,571) 13,569, , ,75,357 (1,767,438) 2,48,97 2,68, ,181 15,86 9,297,87 2,232,996 4,954,13 59,579 87, 85,742 11,795,939 22,71 13,312 7,496,391 5,669,1 3,686,931 5,76,76 1,881,262 87,73,511 29,627,583 3,577,116 1,791,487 11,419,81 38,362 12,157,486 9,893,834 3,493,973 12,527,297 1,394,215 18,912,57 11,143,959 1,743, ,721 14,334, ,91 9,61,886 6,184, 3,836,37 239,676,6 (4,782,747) Other Fang Sures (Uses) Transfers Transfers ut Lal revenue transfers ther LEAs Preeds frm surane Issuane f debt Payments t refund esrw agent Preeds frm sale f apital assets Ttal Other Fang Sures (Uses) 23,134,415 (8,235,564) (45,322) 2,, 18,781 16,467,31 2,28,21 2,28,21 8,748,67 (25,855,542) 14,41, (13,6,) (16,296,872) 34,91,16 (34,91,16) (45,322) 2,, 14,41, (13,6,) 18,781 2,378,459 Net Change Fund Balanes 2,57,739 44,583 (5,415,61) (2,44,288) Fund Balanes, Begng f Year Fund Balanes, End f Year 2,961,4 23,531,779 3,89,33 4,33,886 38,872,368 33,456,758 63,723,711 61,319,423 The ampanyg ntes are an tegral part f the basi fanial statements. 22

27 Rapides Parish Shl Bard Alexandria, Luisiana Reniliat f the Statement f Revenues, Expenditures, and Changes Fund Balanes f Gvernmental Funds t the Statement f Ativities Year Ended June 3, 213 Exhibit F Net Change Fund Balanes Ttal Gvernmental Funds (2,44,288) Amunts reprted fr gvemmental ativities the Statement f Ativities are different beause: Gvernmental funds reprt utlays fr apital assets as expenditures. Hwever, the Statement f Ativities the st f thse assets is depreiated ver their estimated useful lives. Aquisit f apital assets 2,83,821 Depreiat expense (6,764,489) In the Statement f Ativities, the ga r lss frm the sale f apital assets is reprted, whereas the gvernmental funds, nly preeds frm the sale reases fanial resures. Thus, the hange net psit differs frm the hange fund balanes by the st f apital assets sld less the related aumulated depreiat. (276,311) Bnd preeds prvide urrent fanial resures t gvernmental funds, but issug debt reases lngterm liabilities the Statement f Net Psit. Refunded bnd preeds (14,41,) Repayment f lngterm debt is an expenditure the gvemmental funds, but the repayment redues lngterm liabilities the Statement f Net Psit. Pripal retirement bnds 5,534, Refunded bnd pripal payments 13,6, Pripal retirement ertifiates f debtedness 65, Gvernmental funds reprt the effet f bnd issuane st when debt is first issued, whereas these amunts are deferred and amrtized the Statement f Ativities. 122,284 Net (rease) derease arued terest payable 124,87 In the Statement f Ativities, erta peratg expenses, suh as mpensated absenes, wrkers' mpensat laims, and liability laims are measured by the amunts urred durg the year. In the gvemmental funds, hwever, expenditures fr these items are measured by the amunt f fanial resures used (essentially, the amunt atually paid). Net (rease) derease vaat and sik leave arued 75,857 Net (rease) derease wrkers' mpensat laims earned 65,142 Net (rease) derease liability laims (58,719) Net (rease) derease pstemplyment benefit bligat arued (2,645,156) Change Net Psit f Gvernmental Ativities (3,583,772) The ampanyg ntes are an tegral part f the basi fanial statements. 23

28 Rapides Parish Shl Bard Alexandria, Luisiana Statement f Fiduiary Assets and Liabilities Fiduiary Fund Shl Ativity Ageny Fund June 3, 213 Exhibit G Assets Cash and ash equivalents Certifiates f depsit Investments Reeivables 2,53, ,49 1,573 59,548 Ttal Assets 2,821,932 Liabilities Depsits due thers 2,821,932 Ttal Liabilities 2,821,932 The ampanyg ntes are an tegral part f the basi fanial statements. 24

29 Ntes t Basi Fanial Statements 25

30 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements 1. Reprtg Entity and Signifiant Auntg Pliies Reprtg Entity The Rapides Parish Shl Bard (Shl Bard) was reated by Luisiana Revised Statute (LSAR.S.) 17:51 t prvide publi eduat fr the hildren with Rapides Parish. The Shl Bard is authrized by LSAR.S. 17:81 t establish pliies and regulats fr its wn gvernment nsistent with the laws f the State f Luisiana and the regulats f the Luisiana Bard f Elementary and Sendary Eduat. The Rapides Parish Shl Bard is mprised f ne members wh are eleted frm ne distrits fr terms f fur years. The Rapides Parish Shl Bard perates frtyeight shls with the parish with a ttal enrllment f 23,94 pupils as f Otber 1, 212. In njunt with the regular eduatal prgrams, sme f these shls ffer speial eduat and/r adult eduat prgrams. In addit, the Rapides Parish Shl Bard prvides transprtat and shl fd servies fr the students. The fanial statements f the Shl Bard have been prepared nfrmity with auntg priples generally aepted the United States f Ameria (GAAP) as applied t gvernmental units. The Gvernmental Auntg Standards Bard (GASB) is the aepted standardsettg bdy fr establishg gvernmental auntg and fanial reprtg priples. The GASB peridially updates its difiat f the existg Gvernmental Auntg and Fanial Reprtg Standards, whih, alng with subsequent GASB prnunements (Statements and Interpretats) nstitutes GAAP fr gvernmental units. The Shl Bard is nsidered a primary gvernment se it is a speial purpse gvernment that has a separately eleted gverng bdy, is legally separate, and is fisally dependent f ther state r lal gvernments. Fisally dependent means that the Shl Bard may, withut the apprval r nsent f anther gvernmental entity, determe r mdify its wn budget, levy its wn taxes r set rates r harges, and issue bnded debt. The Shl Bard als has n mpnent units as ther legally separate rganizats fr whih the eleted Shl Bard members are fanially auntable. There are n ther primary gvernments with whih the Shl Bard has a signifiant relatship. Beause the Rapides Parish Shl Bard has a separately eleted gverng bdy and is legally separate and fisally dependent, the Shl Bard is a separate gvernmental reprtg entity. Fr fanial reprtg purpses, the Shl Bard's fanial statements lude all funds, shls, agenies, and mmittees fr whih the Shl Bard is fanially auntable. The Shl Bard is nt aware f any ther entities that shuld be luded with the fanial statements. Basis f Presentat The Shl Bard's basi fanial statements nsist f GvernmentWide Fanial Statements, ludg a Statement f Net Psit, a Statement f Ativities, and Fund Fanial Statements, whih prvide a mre detailed level f fanial frmat. GvernmentWide Fanial Statements The GvernmentWide Fanial Statements, "Statement f Net Psit" and "Statement f Ativities", reprt frmat n all nnfiduiary ativities f the Shl Bard. Fiduiary funds are reprted nly the "Statement f Fiduiary Assets and Liabilities" at the Fund Fanial Statement level. Individual funds are nt displayed, but the statements distguish gvernmental ativities, generally supprted by taxes and Shl Bard general 26

31 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements revenues, frm busesstype ativities (if any), generally faned whle r part with fees harged t external ustmers. The ativity f ternal servie funds (if any) are elimated t avid dupliatg revenues and expenses. The Shl Bard has n busesstype ativities r ternal servie funds. The Statement f Net Psit presents the fanial psit f the gvernmental ativities at yearend. The Statement f Ativities presents a mparisn between diret expenses and prgram revenues fr eah funt f the Shl Bard's gvernmental ativities. Diret expenses are thse that are speifially assiated with a funt and therefre leariy identifiable t that partiular funt. The Shl Bard des nt allate diret expenses t funts the Statement f Ativities. The Statement f Ativities reprts the expenses f a given funt ffset by prgram revenues diretly nneted with the funtal prgram. A funt is an assembly f similar ativities and may lude prts f a fund r summarize mre than ne fund t apture the expenses and prgram revenues assiated with a distt funtal ativity. Prgram revenues lude: (1) harges fr servies whih reprt fees and ther harges t users f the Shl Bard's servies; (2) peratg grants and ntributs whih fane annual peratg ativities ludg restrited vestment me; and (3) apital grants and ntributs whih fund the aquisit, nstrut, r rehabilitat f apital assets. These revenues are subjet t externally impsed restrits t these prgram uses. Fr identifyg t whih funt prgram revenue pertas, the determg fatr fr harges fr servies is whih funt generates the revenue. Fr grants and ntributs, the determg fatr is t whih funts the revenues are restrited. Revenues nt lassified as prgram revenues are presented as general revenues, whih lude ad valrem taxes, sales taxes, mimum fundat prgram reeipts, state revenue sharg, terest, and ther unrestrited revenues. The mparisn f prgram revenues and expenses identifies the extent t whih eah prgram is selffang r draws frm the general revenues f the Shl Bard. Fund Fanial Statements The auntg system is rganized n the basis f funds. The fanial transats f the Shl Bard are rerded dividual funds, eah f whih is nsidered a separate auntg entity. The perats f eah fund are aunted fr with a separate set f selfbalang aunts that lude its assets, liabilities, fund equity, revenues, and expenditures. Fund auntg segregates funds ardg t their tended purpse and is used t aid management demnstratg mpliane with fane related legal and ntratual prviss. Funds f the Rapides Parish Shl Bard are lassified t tw ategries: gvernmental and fiduiary. In turn, eah ategry is divided t separate "fund types". The Shl Bard uses the fllwg fund types: Gvernmental funds are used t aunt fr all r mst f the Shl Bard's general ativities, ludg the llet and disbursement f speifially r legally restrited mnies (speial revenue funds), the aquisit r nstrut f general fixed assets (apital prjet funds), the servig f general lngterm debt (debt servie funds), and the rerdg f ativity related t endwment funds (permanent funds). The Fund Fanial Statements reprt fanial frmat by majr funds and nnmajr funds. The fllwg tw gvernmental funds are nsidered majr funds: General Fund The general peratg fund aunts fr all fanial resures, exept thse required t be aunted fr ther funds. Shl Lunh/Breakfast Speial Revenue Fund This fund aunts fr federal, state, and lal funds, ludg fees, t prvide nurishg meals fr students all grades. All ther funds are nsidered nnmajr funds. Desripts fr these funds an be fund at the begng f the nnmajr gvernmental funds mbg statements. 27

32 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements Fiduiary funds are used t aunt fr assets held n behalf f utside parties, ludg ther gvernments, r n behalf f ther funds with the Rapides Parish Shl Bard. There is nly ne fiduiary fund Shl Ativity Ageny Fund. The Shl Ativity Ageny Fund aunts fr mnies generated by the dividual shls and erta rganizats with the shls f Rapides Parish. While the shl ativity aunts are under the supervis f the Rapides Parish Shl Bard, they belng t the dividual shls r their student bdies and are nt available fr use by the Rapides Parish Shl Bard. Ageny funds are ustdial nature (assets equal liabilities) and d nt vlve measurement f results f perats. belw. The mre signifiant f the Rapides Parish Shl Bard's auntg pliies are desribed Basis f Auntg/Measurement Fus GvernmentWide Fanial Statements The GvernmentWide Fanial Statements are prepared usg the enmi resures measurement fus and the arual basis f auntg. Gvernmental fund fanial statements lude a reniliat with brief explanats t better identify the relatship between the gvernmentwide statements and the statements fr gvernment funds. The primary effet f ternal ativity has been elimated frm the GvernmentWide Fanial Statements. Fund Fanial Statements Separate fanial statements are prvided fr gvernmental funds and fiduiary funds, even thugh the latter are exluded frm the GvernmentWide Fanial Statements. Majr dividual gvernmental funds are reprted as separate lumns the Fund Fanial Statements. Fund Fanial Statements reprt detailed frmat abut the Shl Bard. The fus f gvernmental fund fanial statements is n majr funds rather than reprtg funds by type. Eah majr fund is presented a separate lumn. Nnmajr funds are aggregated and presented a sgle lumn. Gvernmental Funds All gvernmental funds are aunted fr usg a urrent fanial resures measurement fus. With this measurement fus, nly urrent assets and urrent liabilities are generally luded n the balane sheet. Operatg statements f these funds present reases (i.e., revenues and ther fang sures) and dereases (i.e., expenditures and ther fang uses) net urrent assets. The mdified arual basis f auntg is used by all gvernmental funds. Under the mdified arual basis f auntg, revenues are regnized when suseptible t arual (i.e., when they beme bth measurable and available). "Measurable" means the amunt f the transat an be determed and "available" means the amunt is lletible with the urrent perid r sn enugh thereafter t be used t pay liabilities f the urrent perid (lleted with nety days after yearend, exept fr ad valrem taxes, where sixty days is used). Expenditures are rerded when the related fund liability is urred. Pripal and terest n general lngterm debts are rerded as fund liabilities when due. Budgets are prepared and adpted usg the same basis f auntg. The gvernmental funds use the fllwg praties rerdg revenues and expenditures: Federal and state entitlements (whih lude state equalizat and state revenue sharg) are rerded as unrestrited grantsaid when available and measurable. Federal and state grants are rerded when the reimbursable expenditures have been urred. 28

33 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements Federal mmdities are regnized as revenues when reeived. Unused mmdities at yearend are reprted as nnspendable fund balane. Ad valrem taxes are rerded the year the taxes are levied. Ad valrem taxes are assessed n a alendar year basis, and beme delquent n January 1. The taxes are generally lleted Deember, January, and February f the fisal year. Sales and use tax revenues are rerded the mnth f the sales r use transat. Interest earngs n time depsits are rerded when earned. Fd servies revenue is rerded when lleted. Substantially all ther revenues are rerded when reeived. Salaries are rerded as expenditures when earned. Teahers' salaries are earned ver a nemnth perid, but may be paid ver a twelve r nemnth perid. Purhases f varius peratg supplies are rerded as expenditures the auntg perid whih they are purhased. Cmmitments under nstrut ntrats are regnized as expenditures when earned by the ntratr. Fd sts are regnized as expenditures the auntg perid whih the fd is nsumed. Substantially all ther expenditures are regnized when the related fund liability has been urred. Transfers between funds that are nt expeted t be repaid, sales f assets, preeds frm the sale f bnds, apitalized leases, and preeds frm arued terest n the sale f bnds are aunted fr as ther fang sures (uses) the Statement f Revenues, Expenditures, and Changes Fund Balanes. These ther fang sures (uses) are regnized at the time the underiyg events ur. Fiduiary Funds The Shl Bard urrently has ne ageny fiduiary fund. Ageny funds, unlike all ther types f funds, reprt nly assets and liabilities. Therefre ageny funds annt be said t have a measurement fus. They d, hwever, use the arual basis f auntg t regnize reeivables and payables. Budgets Budgets are adpted n the mdified arual basis f auntg, as disussed the gvernmental funds. Annual apprpriated budgets are adpted fr the General Fund and eah Speial Revenue Fund. All annual apprpriats fr these funds lapse at the end f the fisal year. 29

34 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements The Shl Bard fllws these predures establishg the budgetary data refleted the fanial statements: 1. The Supertendent and designated members f his staff prepare a prpsed budget fr submiss t the Bard prir t the begng f eah fisal year. 2. A ntie f the prpsed budget is published ntifyg the publi that the prpsed budget is available fr publi spet. At the same time, the date f the publi hearg is published. 3. A publi hearg is held n the prpsed budget at least ten days after publiat f the all fr the hearg. 4. After the publi hearg and mplet f all at neessary t falize and implement the budget, the budget is adpted n later than September fifteenth f eah year. 5. All budgets are ntrlled at the fund level and are adpted n a basis nsistent with auntg priples generally aepted the United States f Ameria (GAAP). The level f budgetary ntrl is established by State law at five perent f ttal expenditures at the fund level. Budgeted amunts shwn the fanial statements are as rigally adpted r as amended frm time t time by the Bard. Cash and Cash Eguivalents Cash and ash equivalents lude amunts demand depsits, terestbearg demand depsits, and time depsits with rigal maturity f three mnths r less frm the date f aquisit. Investments and Certifiates f Depsit The Shl Bard may vest United States bnds, treasury ntes, r time ertifiates f depsit f any bank dmiiled r havg a branh ffie the State f Luisiana, vestments as stipulated state law, r any ther federally sured vestments. Investments nsist f funds vested Luisiana Asset Management Pl (LAMP), an AAAm rated lal gvernment external vestment pl and the State f Luisiana Eduat Exellene Fund. The bank ertifiates f depsit have a maturity f mre than three mnths when purhased. These vestments and ertifiates f depsit are stated at fair value. Reeivables Reeivables are harged agast me as they beme unlletible. In the p f management, all aunts at yearend were nsidered lletible, and an allwane fr dubtful aunts was nt nsidered neessary. ShrtTerm Interfund Reeivables/Payables Durg the urse f perats, numerus transats ur between dividual funds fr gds prvided r servies rendered. These reeivables and payables are lassified as "due frm ther funds" r "due t ther funds" n the Balane Sheet. Shrtterm terfund lans are lassified as "terfund reeivable" r "terfund payable" n the Balane Sheet. Interfund reeivables/payables between r with fund types have nt been elimated the Fund Fanial Statements. These terfund reeivables/payables are elimated fr reprtg the Statement f Net Psit. 3

35 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements Inventries Inventry is aunted fr usg the nsumpt methd, where expenditures are regnized as ventry is used. Inventry f the Shl Lunh/Breakfast Speial Revenue Fund nsists f fd purhased by the Shl Bard and mmdities granted by the United States Department f Agriulture thrugh the Luisiana Department f Agriulture and Frestry. In the Fund Fanial Statements, unused mmdities at June 3 are reprted as nnspendable fund balane. In the GvernmentWide Fanial Statements, unused mmdities are reprted as unrestrited net psit. All purhased ventry items are valued at st (first, firstut) and mmdities are assigned values based n frmat prvided by the United States Department f Agriulture. Prepaid Expenses In the GvernmentWide Fanial Statements, supplies purhased prir t yearend fr the fllwg fisal year are reprted as prepaid expenses se the expense benefits the next fisal year. In the Fund Fanial Statements, these supplies are rerded as expenditures when paid. Capital Assets In the GvernmentWide Fanial Statements apital assets are apitalized and depreiated n a straight le methd ver their estimated useful lives. The Shl Bard has adpted a apitalizat threshld f 5, fr reprtg purpses. All purhased apital assets are valued at st where histrial rerds are available and at an estimated histrial st where n histrial rerds exist. Dnated apital assets, if any, are valued at their estimated fair market value n the date reeived. Expenditures that extend the useful lives f apital assets beynd their itial estimated useful lives r imprve their effiieny r apaity are apitalized, whereas expenditures fr repairs and matenane are expensed. A mpsite r grup rate is applied t similar assets fr purpses f alulatg depreiat expense. Interest sts n debt used t fane the nstrut f assets are nt apitalized. In the Fund Fanial Statements apital assets are nt apitalized the funds used t aquire r nstrut them. Instead, apital aquisit and nstrut are refleted as expenditures gvernmental funds. N prvis is made fr depreiat n apital assets the Fund Fanial Statements se the full st is rerded as expenditures at the time f purhase. Estimat f useful lives years is as fllws: Cmputer equipment Offie equipment Teh Ed equipment Vehiles Athleti equipment Eletrni equipment Musial equipment Prtg equipment Teahg equipment Misellaneus Applianes 5 years 5 years 5 years 8 years 1 years 1 years 1 years 1 years 1 years 12 years 15 years 31

36 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements Autmtive equipment Custdial equipment Lunhrm equipment Tratrs & lawn mwers Furniture Buildgs 15 years 15 years 15 years 15 years 2 years 25 years Deferred Charges Unamrtized bnd expense represents the differene between the reaquisit prie and the net arryg amunt f debt that is beg deferred and amrtized when new debt is issued fr urrent r advaned refundg f existg debt. Csts urred attributable t the issuane f these bnds have been deferred and are beg amrtized ver the life f the rigal bnds. Unearned Revenues Unearned revenues lude amunts fr whih asset regnit riteria have been met, but fr whih revenue regnit riteria have nt been met. In subsequent perids, when the Shl Bard has a legal laim t the resures, the liability fr deferred revenue is remved frm the Balane Sheet and the revenue is regnized. Cmpensated Absenes Vested r aumulated sik r vaat leave that is expeted t be liquidated with expendable available fanial resures is regnized as a gvernmental fund liability and expenditure f the gvernmental fund that will pay it. This ludes payments that me due befre the end f the reprtg perid upn the urrene f emplyee resignat, retirement, r death, that will be paid eariy the fllwg year. Cmpensated absenes are reprted the gvernmental funds nly if they have matured. The full liability and related sts are reprted the GvernmentWide Fanial Statements. All 12mnth emplyees earn frm 1 t 15 days f vaat leave eah year, dependg n their length f servie with the Rapides Parish Shl Bard. Upn retirement, unused aumulated vaat leave f up t 12 days is paid t the emplyee r t the emplyee's estate at the emplyee's urrent rate f pay. All Rapides Parish Shl Bard emplyees earn 1 days f sik leave eah year, whih an be aumulated withut limitat. Upn retirement r death, unused aumulated sik leave f up t 25 days is paid t the emplyee r t the emplyee's estate at the emplyee's urrent rate f pay. The estimated liability fr vested sik leave benefits is nsidered lngterm and is nt rerded the Fund Fanial Statements. The estimated liability ludes required salaryrelated payments. Under the Luisiana Teahers' Retirement System, the ttal aumulated sik leave, ludg the 25 days paid, is used the retirement benefit mputat as earned servie fr leave earned prir t July 1, Fr sik leave earned after July 1, 1988, under the Luisiana Teahers' Retirement System and fr sik leave earned under the Luisiana Shl Emplyees' Retirement System, all unpaid sik leave, whih exludes the 25 days paid, is used the retirement benefit mputat as earned servie. Sabbatial leave may be granted fr prfessal and ultural imprvement and fr medial reasns. Any emplyee with a teahg ertifiate is entitled, subjet t apprval by the Rapides Parish Shl Bard, t ne semester f sabbatial leave after three years f ntuus servie r tw semesters f sabbatial leave after six r mre years f ntuus servie. Prfessal and ultural imprvement sabbatials are restrited nature as a ndit f the leave and, therefre, are 32

37 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements nsidered nly a hange the types f servies beg rendered and nt subjet t arual. Medial sabbatials require the use f virtually all sik leave befre a sabbatial an be taken. Suh leaves are nt material. Sabbatial leave benefits are rerded as expenditures the perid paid. Claims and Judgments Claims and judgments that are expeted t be liquidated with expendable available fanial resures are regnized as a gvernmental fund liability and expenditure f the gvernmental fund that will pay it. This ludes amunts that me due befre the end f the reprtg perid when apprved fr payment, that will be paid eariy the fllwg year. Claims and judgments nt expeted t be liquidated with expendable available fanial resures are nt reprted the Fund Fanial Statements. The full liability and related sts are reprted the GvernmentWide Fanial Statements under lngterm liabilities. LngTerm Liabilities Lngterm liabilities expeted t be faned frm gvernmental funds are nt reprted the Balane Sheet fr the Fund Fanial Statements. All liabilities, ludg lngterm debt, are luded n the fae f the Statement f Net Psit the GvernmentWide Fanial Statements. Interest expense n lngterm debt is regnized the GvernmentWide Fanial Statements as the terest arues, regardless f when it is due. Net Psit In the gvernmentwide fanial statements, equity is lassified as net psit and displayed three mpnents: Net vestment apital assets Cnsists f apital assets, net f aumulated depreiat and redued by utstandg debt that is attributable t the aquisit, nstrut, r imprvement f these assets. Restrited net psit Cnsists f net psit with nstrats plaed n its use either by (a) external grups suh as reditrs, grantrs, ntributrs, r laws r regulats f ther gvernments; r (b) impsed by law thrugh nstitutal prviss r enablg legislat. Unrestrited net psit All ther net psits that d nt meet the defit f "vested apital assets, net f related debt" r "restrited." In ases where restrited and unrestrited mnies are reeived by the Shl Bard fr the same funt r purpse, the restrited mnies are used first. Fund Balanes Nnspendable fund balanes lude amunts that annt be spent beause they are either nt a spendable frm r legally r ntratually required t be mataed tat. Restrited fund balanes represent thse prts f fund balane that are restrited t speifi purpses by external parties, suh as reditrs, grantrs, ntributrs, r laws r regulats f ther gvernments r by law thrugh nstitutal prviss r enablg legislat. Cmmitted fund balanes are amunts that an nly be used fr speifi purpses pursuant t nstrats impsed by frmal at f the gvernment's highest level f deismakg authrity, whih is the nemember shl bard. Frmal at f the shl bard t establish r resd mmitted funds is exeuted by adptg a reslut a publi meetg. Amunts that are nstraed by the gvernment's tent t be used fr speifi purpses, but are neither restrited nr mmitted, are reprted as assigned fund balanes, 33

38 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements ases where restrited and unrestrited mnies are reeived by the Shl Bard fr the same funt r purpse, the restrited mnies are used first. Unrestrited mnies are then spent the fllwg rder: mmitted, assigned, and unassigned. Interfund Transats In the gvernmental funds, transats that nstitute reimbursements t a fund fr expenditures itially made frm it that are prperiy appliable t anther fund are rerded as expenditures the reimbursg fund and as reduts f expenditures the fund that is reimbursed. All ther terfund transats are reprted as transfers. Interfund balanes are elimated the GvernmentWide Fanial Statements. Sales Taxes The Rapides Parish Shl Bard reeives a ne and ne half perent sales tax. The sales tax is lleted by the Rapides Parish Plie Jury, exept thse taxes levied n the sale f mtr vehiles, whih are lleted by the State f Luisiana. Twthirds f the sales tax is dediated fr salary supplements fr all emplyees f the Rapides Parish Shl Bard with the remag nethird used fr perats and supprt f the Shl Bard. The sales taxes reeived by the Rapides Parish Shl Bard were apprved fr an defite perid. Estimates The preparat f fanial statements nfrmity with auntg priples generally aepted the United States f Ameria requires management t make estimates and assumpts that affet the reprted amunts f assets and liabilities at the date f the fanial statements and the reprted amunts f revenues and expenditures durg the reprtg perid. Atual results uld differ frm thse estimates. GASB Statements N. 63 and N. 65 Implementat Effetive fr the year endg June 3, 213, the Rapides Parish Shl Bard implemented GASB Statement N. 63, Fanial Reprtg f Deferred Outflws f Resures, Deferred Inflws f Resures, and Net Psit and GASB Statement N. 65, Items Previusly Reprted as Assets and Liabilities. GASB Statement N. 63 prvides fanial reprtg guidane fr deferred utflws f resures and deferred flws f resures, trdued and defed GASB Cnepts Statement N. 4. This Statement amends then net asset reprtg requirements Statement N. 34, Basi Fanial Statementsand Management's Disuss and Analysisfr State and Lal Gvernments, and ther prnunements by rpratg deferred utflws f resures and deferred flws f resures t the defits f the required mpnents f the residual measure and by renamg that measure as net psit, rather than Net Psit. GASB Statement N. 65 larifies whih fanial statement items shuld be relassified as deferred utflws and deferred flws, and whih items shuld be treated as urrent perid expenditures (utflws) r urrent perid flws. 2. Expenditures Atual and Budget The Shl Bard made numerus supplemental budgetary apprpriats thrughut the year. The supplemental apprpriats were made primarily t regnize new grants awarded fr varius speial revenue funds. The supplemental budgetary apprpriats were material. The fllwg dividual funds had atual expenditures ver fal budgeted expenditures fr the year ended June 3, 213: 34

39 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements Fund TANF Eduat Exellene TAP Frest Hill Elementary Hmeless Dnats Frest Hill N. 16 Matenane RubyWise N. 56 Matenane LempteLamurie Wdwrth N. 57 Matenane Negative Variane , ,996 38,685 9,81 3. Levied Ad Valrem Taxes The fllwg is a summary f authrized and levied ad valrem taxes: Parishwide taxes: Cnstitutal Speial Matenane Authrized Millage Levied Millage Expirat Date Nne Distrit taxes: Matenane Bnd and terest Authrized Millage Levied Millage Lw High Lw High Expirat Date The authrized millages are based n the reassessment f the tax rlls required by Artile 7, Set 23 f the Luisiana Cnstitut f The Sheriff f Rapides Parish, as prvided by the state law, is the ffiial tax lletr f general prperty taxes levied by the Rapides Parish Shl Bard. The availability perid fr prperty taxes is sixty days. The 212 prperty tax alendar was as fllws: Millage rates adpted Levy date Lien date Tax bills mailed Due date Delquent date August 21, 212 Otber 17, 212 Otber 17, 212 Nvember 9, 212 Deember 31, 212 January 1, Cash and Cash Equivalents At yearend, the Shl Bard's ash and ash equivalents were entirely vered by depsitry surane r llateral held by the Shl Bard r its agent the Shl Bard's name. Cash and ash equivalents are reprted as fllws: Cash and ash equivalents Gvernmental Funds Restrited ash and ash equivalents Gvernmental Funds Cash and ash equivalents Fiduiary Fund 72,441,123 9,912,148 2, ,883,592 35

40 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements 5. Investments and Certifiates f Depsit At fisal yearend, the Rapides Parish Shl Bard had time depsits with maturities ver nety days at the time f purhase. Investments nsisted f mnies held the Luisiana Asset Management Pl (LAMP) and the State f Luisiana Eduat Exellene Fund. Investments are reprted as fllws: Certifiate f depsit Gvernmental Funds 15,226 Certifiates f depsit Fiduiary Fund 131,49 Restrited vestments Gvernmental Funds 1,786,417 Investments Fiduiary Fund ,33,76 Custdial Credit Risk: Fr ash, ash equivalents, ertifiates f depsit, and vestments, ustdial redit risk fr depsits is the risk that the event f the failure f a depsitry fanial stitut, the gvernment will nt be able t rever its depsits. At yearend, the Rapides Parish Shl Bard's ertifiates f depsit were vered by depsitry surane r llateral seurities held by the Shl Bard r the Shl Bard's agents the Shl Bard's name. The vestments are held with gvernmental external vestment pls. Interest Rate Risk: Interest rate risk is the risk that hanges market terest rates will adversely affet the fair value f an vestment. Generally, the lnger the maturity f an vestment, the greater the sensitivity f its fair value will be t hanges market terest rates. The Shl Bard des nt have a frmal vestment pliy that limits vestment maturities as a means f managg its expsure t fair value lsses arisg frm reasg terest rates. The time depsits and vestments held by LAMP mature twelve mnths r less. Investments Held at LAMP Investments held at June 3, 213, nsist f 1,573 the Luisiana Asset Management Pl (LAMP), a lal gvernment vestment pl. LAMP is admistered by LAMP, In., a nnprfit rprat rganized under the laws f the State f Luisiana. Only lal gvernment entities havg ntrated t partiipate LAMP have an vestment terest its pl f assets. The primary bjetive f LAMP is t prvide a safe envirnment fr the plaement f publi funds shrtterm, high quality vestments. The LAMP prtfli ludes nly seurities and ther bligats whih lal gvernments Luisiana are authrized t vest ardane with LA R.S. 33:2955. GASB Statement N. 4, Depsit and Investment Risk Dislsure, requires dislsure f redit risk, ustdial redit risk, nentrat f redit risk, terest rate risk, and freign urreny risk fr all publi entity vestments. pls: LAMP is a 2a7like vestment pl. The fllwg fats are relevant fr 2a7like vestment Credit risk: LAMP is rated AAAm by Standard & Pr's. Custdial redit risk: LAMP partiipants' vestments the pl are evidened by shares f the pl. Investments pls shuld be dislsed, but nt ategrized beause they are nt evidened by seurities that exist physial r bkentry frm. The publi entity's vestment is with the pl, nt the seurities that make up the pl; therefre, n dislsure is required. 36

41 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements Cnentrat f redit risk: requirement. Pled vestments are exluded frm the 5 perent dislsure Interest rate risk: 2a7like vestment pls are exluded frm this dislsure requirement, per paragraph 15 f the GASB 4 statement. Freign urreny risk: Nt appliable t 2a7like pls. The dllar weighted average prtfli maturity f LAMP assets is restrited t nt mre than 9 days, and nsists f n seurities with a maturity exess f 397 days. LAMP is designed t be highly liquid t give its partiipants immediate aess t their aunt balanes. The vestments LAMP are stated at fair value based n quted market rates. The fair value is determed n a weekly basis by LAMP and the value f the psit the external vestment pl is the same as the value f the pl shares. LAMP, In. is subjet t the regulatry versight f the state treasurer and the bard f diretrs. LAMP is nt registered with the SEC as an vestment mpany. 6. Reeivables General Fund Shl Lunh/Breakfast Fund Other Gvernmental Funds Fiduiary Funds Sales and Use Taxes 2,69,58 4,139,16 6,28,74 Grants and Other Reeivables 2,268,25 145,186 4,268, ,741,79 " Balane June 3, 213 4,337,83 145,186 8,47, ,95,53 Interfund Assets, Interfund Liabilities, and Transfers Due frm/t ther funds: Reeivable fund Other Gvernmental Funds Shl Lunh/Breakfast Fund Other Gvernmental Funds General Fund Other Gvernmental Funds General Fund Payable fund General Fund Other Gvernmental Funds Other Gvernmental Funds Other Gvernmental Funds Shl Lunh/Breakfast Fund Shl Lunh/Breakfast Fund Amunt 14,999 9, ,515, ,74 92,791 5,567,453 Balanes at June 3, 213, resulted frm the rute lag between the dates that terfund gds r servies are prvided and reimbursable expenditures ur. Transats are rerded the auntg system, and payments between funds are made t satisfy the balanes. Interfund reeivable/payable: Reeivable fund General Fund Other Gvernmental Funds Payable fund Other Gvernmental Funds Other Gvernmental Funds 37 Amunt 4,187,5 1, ,766,643

42 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements As f June 3, 213, the General Fund reeivable amunt relates t utstandg terfund lans made t the fllwg: Riglette N. 11 Tehnlgy Fund (5,), RubyWise N. 56 Matenane Fund (137,5), Sales Tax Fund N. 1 (1,2,), Sales Tax Fund N. 2 (7,) and Misellaneus Fund (2,1,). These terfund lans prvide ash fr the lag time between earng revenue and lletg the reeivables these funds. The Other Gvernmental Funds reeivable relates t yearend adjustments made between the Misellaneus Fund used fr grant learg and varius state and federal grant funds. These adjustments regnize that the Misellaneus Fund prvides the ash flw t perate the varius state and federal grant funds. All terfund balanes are expeted t be repaid with ne year. Transfer In Transfer Out Amunt Shl Lunh/Breakfast Fund General Fund 1,196,446 Other Gvernmental Funds General Fund 7,39,118 General Fund Other Gvernmental Funds 23,134,415 Shl Lunh/Breakfast Fund Other Gvernmental Funds 1,11,575 Other Gvernmental Funds Other Gvernmental Funds ,91,16 Transfers are used t (1) mve revenues frm the fund required by statute r budget t llet them t the fund required by statute r budget t expend them, and (2) use unrestrited revenues lleted the general fund t fane varius prgrams aunted fr ther funds ardane with budgetary authrizats. 8. Restrited Assets Restrited ash and ash equivalents debt servie funds 9,879,86 Restrited ash and ash equivalents wrkers' mpensat 33,62 Restrited vestments Eduat Exellene Fund (tba mney) ,698, Capital Assets Capital asset ativity fr the year ended June 3, 213, was as fllws: Balane Balane July Inreases Dereases June Gvernmental Ativities Capital Assets Nt Beg Depreiated Land and imprvements 2,46,299 5,2 2,411,499 Cnstrut prgress Ttal Capital Assets Nt Beg Depreiated 1,586,7 2,269,625 8,375,956 4,479,676 Other Capital Assets Buildgs and imprvements 29,562,654 8,375, ,938,61 Furniture and equipment , Ttal Other Capital Assets 234,33,36 8,91, ,99 242,498,549 38

43 Rapides Parish Shl Bard June 3,213 Ntes t Basi Fanial Statements Less Aumulated Depreiat Buildgs and imprvements Furniture and equipment Ttal Aumulated Depreiat Other Capital Assets, Net Gvernmental Ativities Capital Assets, Net Balane July ,436, Inreases 5,315, ,663 Dereases Balane June 3, ,752,61 465, ( ) ,936,132 4,415,288 (8,652,267) 11,699,153 Depreiat expense was harged t funts as fllws: Gvernmental Ativities Instrut Regular prgrams Speial eduat prgrams Vatal prgrams Other strutal prgrams Speial prgrams Adult and ntug eduat prgrams Supprt servies Student servies Instrutal staff supprt General admistrat Shl admistrat Busess servies Plant servies Student transprtat servies Central servies Other supprt servies Fd servies Ttal Depreiat Expense fr Gvernmental Ativities 2,958, , ,618 66,884 22,839 52, , , ,931 5, ,48 725,15 16, ,764,489 The Shl Bard has entered t ntrats fr the nstrut r renvat f varius failities as fllws: Cntrat Cmpleted Amunt T Date Cnstrut Prgress J.I. Barrn Elementary Peville High Ttal Cnstrut Prgress 7,593,358 11,41 7,64,768 2,57, ,68,177 Matenane Prjets Prgress Alexandria Senir High Brame Junir High J.I. Barrn Elementary Leslie Mre Elementary Shl Mart Park Elementary Shl Nrthwd High Shl 89,16 395,63 223,669 18,111 1,28,451 51,14 529, ,25 219,224 39,529 1,186,782 39,242 39

44 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements Paradise Elementary Peville Elementary Peville High Shl Peville Junir High Bukeye High Shl Shl Bard Offie Tiga High Shl Ttal Matenane Prjets Prgress Ttal Prjets Prgress Cntrat Amunt Cmpleted T Date 47,185 26,58 1,469,36 391,169 95,676 68, ,647 67,511 1,186, ,658 7,36 6, ,234 13,92,953 6,446, Changes Ageny Fund Depsits Due Others A summary f hanges ageny fund depsits due thers fllws: Shl Ativity Aunts 11. LngTerm Liabilities Balane July ,838,761 Balane Addits Reduts June ,193,2 8,21,29 2,821,932 The fllwg is a summary f the lngterm liabilities fr the year ended June 3, 213: Wrkers' mpensat laims Liability laims Pstemplyment benefit bligat Cmpensated absenes Certifiates f debtedness Bnded debtedness Balane July ,564,83 61,438 4,54,441 11,552,915 5,825, 86, ,197,877 Addits 1,63,918 49,78 2,645,156 11,477,58 14,41. 3,5,912 Reduts 1,129,6 351,61 11,552,915 65, , 32,817,36 Balane June 3, 213 2,498, ,157 7,185,597 11,477,58 5,175, ,386,753 June 3, 213 With One Year Mre Than One Year Wrkers' mpensat laims Liability laims Pstemplyment benefit bligat Cmpensated absenes Certifiates f debtedness Bnded debtedness 2,498, ,157 7,185,597 11,477,58 5,175, ,386,753 1,232, , ,314 68, ,415,37 1,266, ,911 7,185,597 1,997,744 4,495, ,971,716 4

45 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements Wrkers' Cmpensat Claims Durg 1989, the Rapides Parish Shl Bard established a limited risk management prgram fr Wrkers' Cmpensat, whih is luded the General Fund, t aunt fr and fane its unsured risks f lss relatg t wrkers' mpensat. The nnurrent prt f laims is nt reprted the Gvernmental Funds, but is luded the Statement f Net Psit. Under this prgram, the Rapides Parish Shl Bard has a selfsured retent (SIR) f 6, per aident and matas an exess verage thrugh Safety Natal Casualty Crprat fr the full statutry benefit. Wrkers' mpensat laims and exess surane premiums are paid frm the Wrkers' Cmpensat Aunt, whih is part f the General Fund. Settled laims have nt exeeded this exess verage se the ept f this plan. Durg the year ended June 3, 213, wrkers' mpensat benefits and related sts f 1,433,369 (demnity, medial, legal, and settlements) were paid frm the Wrkers' Cmpensat Aunt. Liabilities lude an amunt fr laims urred, but nt reprted (IBNR). The Shl Bard has n Aggregate Exess Liability surane ("stp lss") t ver multiple wrkers' mpensat laims durg a fund year that might exeed expetats. Se the 1989 ept f wrkers' mpensat selffundg, the Shl Bard has nt purhased "stp lss" surane. Thus, the Shl Bard is respnsible t pay the SIR f 6, f eah aident withut regard t the number r frequeny f suh aidents. The Shl Bard rejeted Aggregate Exess surane. Se 1989, the Shl Bard's payments with the SIR has never apprahed 3,, durg any fund year. Changes the balanes f laim liabilities durg the past tw years are as fllws: Unpaid laims begng f fisal year Inurred/adjusted laims (ludg IBNRs) Claim payments Unpaid laims end f fisal year June 3, June 3, ,564,83 2,621,984 1,63,918 1,542,92 ( ) ( ) 2,498,941 2,564,83 Liability Claims Thrugh Berkley Insurane Cmpany., the Shl Bard has a selfsured retent (SIR) plan fr the first 25, per urrene fr general liability, aut, and errrs and misss. Exess verage is prvided fr amunts between 25, and 3,, per urrene. The third party admistratr, Emplyers Risk Management Servies, wh presses and vestigates laims and matas rerds, prvides fr an aggregate stp lss f 75,, whih means Rapides Parish Shl Bard shuld nt pay mre than 75, (after itial 75, stp lss, subsequent laims have a 1, SIR) laims that are less than 3,, per urrene any ne surane year. Emplyers Risk Management Servies estimates the liability fr unpaid laims. Liabilities lude an amunt fr laims that have been urred, but nt reprted (IBNR). The estimate f the laims liability als ludes amunts fr remental laim adjustment expenses related t speifi laims and ther laim adjustment expenses regardless f whether allated t speifi laims. The SIR fr liability laims is paid by the General Fund. Settlements have nt exeeded verage fr eah f the past three fisal years. Prperty surane is thrugh Affiliated FM Insurane Cmpany. The Shl Bard has a selfsured retent (SIR) plan fr the first 25, per urrene f prperty lss. Exess verage is prvided fr the amunts between 25, and 15,, (nt withstandg sublimits exluss) per urrene. The arrier and its agents vestigate and handle the laims ardane with the 41

46 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements pliy ntrat. The SIR fr prperty laims is paid by the General Fund r the Reserve Fund as direted by the Bard. Claims and settlements have nt exeeded verage fr eah f the past three years. Changes the balanes f laims liabilities durg the past tw years are as fllws: Unpaid laims begng f fisal year Inurred laims (ludg IBNRs) Claim payments Unpaid laims end f fisal year June 3, ,438 49,78 (351.61) June 3, 212 1,83,89 1,91,18 ( ) 669,157 61,438 Pstemplyment Benefit Obligat The Shl Bard implemented GASB N. 45, Auntg and Fanial Reprtg by Emplyers fr Pstemplyment Benefits ther than Penss durg the fisal year begng July 1, 27. See Nte 12 fr further explanat f this bligat. Cmpensated Absenes The liability fr mpensated absenes is mputed nly at the end f eah fisal year. Cmpensated absenes liabilities are reprted the Fund Fanial Statements nly if they have matured prir t the end f the year. All mpensated absenes liabilities are refleted the GvernmentWide Fanial Statements. Cmpensated absenes expenditures are paid by the fund that pays the salaries related t the liability. Bnds and Certifiates f Indebtedness All pripal and terest requirements are funded ardane with Luisiana law by the annual ad valrem tax levy n taxable prperty with the Parish and exess revenues frm the General Fund. At June 3, 213, the Shl Bard has aumulated 9,882,483 the debt servie funds fr future debt requirements. Interest rates n bnds and ertifiates range frm The annual requirements t amrtize utstandg bnds and ertifiate f debtedness are as fllws: Year Endg June Pripal Payments 6,476, 6,761, 7,39, 7,231, 7,529, 23,32, 21, ,556, Interest Payments 2,612,429 2,383,68 2,133,854 1,88,738 1,641,1 5,62,188 2,427, ,67,216 Ttal 9,88,429 9,144,68 9,172,854 9,111,738 9,17,1 28,364,188 23,92, ,226,216 42

47 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements In ardane with Luisiana Revised Statute 39:562, the Shl Bard is legally restrited frm urrg lngterm bnded debt exess f 35 perent f the assessed value f taxable prperty. At June 3, 213, the statutry limit was 34,854,285 and utstandg bnded debt ttaled 71,381,. The Shl Bard issued three general bligat shl refundg bnds t refund Series 23, 24, and 25 General Obligat Bnds. The purpse f the refundg was t lwer the terest rates and prvide taxpayer savgs. The three refundg bnds are as fllws: The Shl Bard issued 3,895, f general bligat shl refundg bnds t refund Series 23 general bligat bnds fr Peville Shl Distrit N. 52. The amunt f defeased bnds ttaled 3,785,. The reaquisit prie exeeded the net arryg amunt f the ld debt by 32,762. This amunt is reprted as deferred utflws f resures and amrtized ver the remag life f the refunded debt. The balane f the deferred utflws f resures, net f fisal year end June 3, 213 amrtizat, is 29,784. This refundg was undertaken t redue ttal debt servie payments ver the next ten years by 33,252 resultg an enmi ga f 297,791. The Shl Bard issued 4,955, f general bligat shl refundg bnds t refund Series 24 general bligat bnds fr Riglette Shl Distrit N. 11. The amunt f defeased bnds ttaled 4,645,. The reaquisit prie exeeded the net arryg amunt f the ld debt by 44,75. This amunt is reprted as deferred utflws f resures and amrtized ver the remag life f the refunded debt. The balane f the deferred utflws f resures, net f fisal year end June 3, 213 amrtizat, is 41,21. This refundg was undertaken t redue ttal debt servie payments ver the next eleven years by 376,51 resultg an enmi ga f 337,533. The Shl Bard issued 5,56, f general bligat shl refundg bnds t refund Series 25 general bligat bnds fr Riglette Shl Distrit N. 11. The amunt f defeased bnds ttaled 5,17,. The reaquisit prie exeeded the net arryg amunt f the ld debt by 55,769. This amunt is reprted as deferred utflws f resures and amrtized ver the remag life f the refunded debt. The balane f the deferred utflws f resures, net f fisal year end June 3, 213 amrtizat, is 51,479. This refundg was undertaken t redue ttal debt servie payments ver the next twelve years by 317,529 resultg an enmi ga f 275,23. Tw Qualified Shl Cnstrut Bnds were issued 29 and 211 and require the Shl Bard t make mandatry skg fund depsits annually the amunt f 2, and 466,666, respetively. The skg fund depsits will result balln pripal payments f 3,, and 7,,, respetively, made payable upn the fal maturity date. 12. Pstemplyment Health Care and Life Insurane Benefits The Rapides Parish Shl Bard prvides erta ntug health are and life surane benefits fr its retired emplyees. Substantially all f the Rapides Parish Shl Bard's emplyees beme eligible fr these benefits if they reah nrmal retirement age while wrkg fr the Rapides Parish Shl Bard. These benefits fr retirees and similar benefits fr ative emplyees are prvided thrugh the State Emplyees Grup Benefits Prgram, whse mnthly premiums are paid jtly by the emplyee and the Rapides Parish Shl Bard. There were 1,917 retirees partiipatg the surane prgram durg this fisal year. 43

48 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements Plan Desript The Rapides Parish Shl Bard partiipates a fully sured health surane and life surane prgram admistered by the Luisiana Offie f Grup Benefits (GB). Medial benefits are prvided thrugh the Luisiana Offie f Grup Benefits (GB) and vlve several statewide netwrks and ne HMO with a premium struture by reg. The plan prviss are ntaed the ffiial plan duments f the GB, available at "Quik Lks" "Health Plans". The GB plan is a fully sured, multipleemplyer arrangement and has been deemed t be an agent multipleemplyer plan fr fanial reprtg purpses and fr this valuat. The GB "Mediare Advantage" plan has been assumed t apply t thse emplyees after Mediare eligibility fr purpses f this valuat. Medial benefits are prvided t emplyees upn atual retirement. Mre than 8 f the emplyees are vered by the Teahers' Retirement System f Luisiana (TRSL), whse retirement eligibility (D.R.O.P. entry) prviss are as fllws: 3 years f servie at any age; age 55 and 25 years f servie; r, age 65 and 2 years f servie. Fr emplyees nt vered by TRSL, it was assumed that age 6 and 1 years f servie als applied addit t the fregg prviss. Life surane verage under the GB prgram is available t retirees by elet. The emplyer pays 5 f the st f the retiree life surane. Se GASB 45 requires the use f "unblended" rates, we have used the 94GAR mrtality table t "unblend" the rates s as t reprdue the mpsite blended rate verall as the rate struture t alulate the atuarial valuat results fr life surane. All f the assumpts used fr the valuat f the medial benefits have been used exept fr the trend assumpt; zer trend was used fr life surane. Insurane verage amunts are redued by 25 at age 65 and by an addital 25 at age 7 ardg t the GB plan prviss. A fanial reprt may be btaed by writg t Offie f Grup Benefits, 7389 Flrida Bulevard, Suite 4, Batn Ruge, Luisiana 786. Cntribut Rates Emplyees d nt ntribute t their pstemplyment benefits sts until they beme retirees and beg reeivg thse benefits. The plan prviss and ntribut rates are ntaed the ffiial plan duments f the GB, available at "Quik Lks" "Health Plans". Fundg Pliy Until fisal year endg June 3, 27, The Rapides Parish Shl Bard regnized the st f prvidg pstemplyment medial and life surane benefits (the Rapides Parish Shl Bard's prt f the retiree medial and life surane benefit premiums) as an expense when the benefit premiums were due and thus faned the st f the pstemplyment benefits n a payasyug basis. In the fisal years endg June 3, 213 and 212, the Rapides Parish Shl Bard's prt f health are and life surane fundg st fr retired emplyees ttaled 12,765,43 and 11,819,842, respetively. This amunt was applied tward the Net OPEB Benefit Obligat as shwn the table n the fllwg page. Effetive with the fisal year begng July 1, 27, the Rapides Parish Shl Bard implemented the new auntg priples as issued by Gvernment Auntg Standards Bard, Auntg and Fanial Reprtg by Emplyers fr Pstemplyment Benefits Other than Penss (GASB 45). The fundg pliy is nt t fund the Annual Required Cntribut (ARC) exept t the extent f the urrent year's retiree fundg sts. 44

49 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements The Offie f Grup Benefits has sle authrity ver the plans and frms the Shl Bard and plan members f their bligat fundg the plans. Annual Required Cntribut The Rapides Parish Shl Bard's Annual Required Cntribut (ARC) is an amunt atuarially determed ardane with generally aepted auntg priples as issued by GASB 45. The ARC is the sum f the Nrmal Cst plus the ntribut t amrtize the Unfunded Atuarial Arued Liability (UAAL). A level dllar, pen amrtizat perid f 3 years has been used fr the pstemplyment benefits. The ttal ARC fr the fisal year begng July 1, 212 and 211 is 15,491,542 and 14,895,713, as set frth the table belw: Nrmal st 3year UAL amrtizat amunt Annual required ntribut (ARC) ,387,258 3,256,979 12, ,491,542 14,895,713 Net Pstemplyment Benefit Obligat (Asset) The table belw shws Rapides Parish Shl Bard's Net Other Pstemplyment Benefit (OPEB) Obligat (Asset) fr fisal year endg June 3, 213: Begng Net OPEB Obligat (Asset) Annual required ntribut (ARC) Interest n Net OPEB Obligat (Asset) ARC Adjustment OPEB Cst Cntribut Current year retiree premium Change Net OPEB Obligat Endg Net OPEB Obligat ,54,441 1,491,157 15,491, ,618 ( ) 15,41,586 14,895,713 59,646 (86.233) 14,869,126 ( ) ( ) ,185,597 4,54,441 The fllwg table shws Rapides Parish Shl Bard's annual pstemplyment benefits (PEB) st, perentage f the st ntributed, and the net unfunded pstemplyment benefits (PEB) liability (asset): Fisal Year Ended June 3, 213 June 3, 212 Funded Status and Fundg Prgress Annual OPEB Cst 15,41,586 14,869,126 Perentage f Annual Cst Cntributed Net OPEB Liability (Asset) 7,185,597 4,54,441 In the fisal year endg June 3, 213 and 212, Rapides Parish Shl Bard made n ntributs t its pstemplyment benefits plan. The plan was nt funded at all, has n assets, and hene has a funded rati f zer. As f June 3, 213 and 212, the Atuarial Arued Liability (AAL) was 29,36,499 and 21,256,249, respetively fr the years then ended, whih is defed as that 45

50 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements prt, as determed by a partiular atuarial st methd (the Rapides Parish Shl Bard uses the Prjeted Unit Credit Cst Methd), f the atuarial present value f pstemplyment plan benefits and expenses whih is nt prvided by nrmal st. Se the plan was nt funded fisal years 213 and 212, the entire atuarial arued liability f as stated abve, was unfunded. The fundg status is as fllws: Atuarial arued liability (AAL) Atuarial value f plan assets Unfunded atuarial arued liability (UAAL) Funded rati (atuarial value f plan assets/aal) Cvered payrll (ative plan members) UAAL as a perentage f vered payrll ,36,499 21,256,249 29,36,499 21,256, ,464, ,123, The Shedule f Fundg Prgress presented as required supplemental frmat presents multiyear trend frmat abut whether the atuarial value f plan assets is reasg r dereasg ver time relative t the atuarial arued liability fr benefits. Atuarial Methds and Assumpts Atuarial valuats vlve estimates f the value f reprted amunts and assumpts abut the prbability f events far t the future. The atuarial valuat fr pstemplyment benefits ludes estimates and assumpts regardg (1) turnver rate; (2) retirement rate; (3) health are st trend rate; (4) mrtality rate; (5) disunt rate (vestment return assumpt); and (6) the perid t whih the sts apply (past, urrent, r future years f servie by emplyees). Atuarially determed amunts are subjet t ntual revis as atual results are mpared t past expetats and new estimates are made abut the future. The atuarial alulats are based n the types f benefits prvided under the terms f the substantive plan (the plan as understd by Rapides Parish Shl Bard and its emplyee plan members) at the time f the valuat and n the pattern f sharg sts between Rapides Parish Shl Bard and its plan members t that pt. The prjet f benefits fr fanial reprtg purpses des nt expliitly rprate the ptential effets f legal r ntratual fundg limitats n the pattern f st sharg between Rapides Parish Shl Bard and plan members the future. Cnsistent with the lngterm perspetive f atuarial alulats, the atuarial methds and assumpts used lude tehniques that are designed t redue shrtterm vlatility atuarial liabilities and the atuarial value f assets. Atuarial Cst Methd The ARC is determed usg the Prjeted Unit Credit Cst Methd. The emplyer prt f the st fr retiree medial are eah future year is determed by prjetg the urrent st levels usg the healthare st trend rate and disuntg this prjeted amunt t the valuat date usg the ther desribed pertent atuarial assumpts, ludg the vestment return assumpt (disunt rate), mrtality, and turnver. 46

51 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements Atuarial Value f Plan Assets As f June 3, 213, there are nt any assets. It is antiipated that future valuats a smthed market value nsistent with Atuarial Standards Bard ASOP 6 will be used. Turnver Rate An agerelated turnver sale based n atual experiene as desribed by admistrative staff has been used. The rates, when applied t the ative emplyee ensus, prdue an annual turnver f apprximately 1. The rates fr eah age are belw: Age Perent Turnver Pstemplyment Benefit Plan Eligibility Reguirements It is assumed that entitlement t benefits will mmene six years after eariiest eligibility t enter the D.R.O.P. as desribed n the first page f this nte under the headg "Plan Desript". Medial benefits are prvided t emplyees upn atual retirement. Mre than 8 f the emplyees are vered by the Teahers' Retirement System f Luisiana (TRSL), whse retirement eligibility (D.R.O.P. entry) prviss are as fllws: 3 years f servie at any age; age 55 and 25 years f servie; r, age 65 and 2 years f servie. Fr emplyees nt vered by TRSL, it was assumed that age 6 and 1 years f servie als applied addit t the fregg prviss. Entitlement t benefits ntue thrugh Mediare t death. Investment Return Assumpt (Disunt Rate) Generally aepted auntg priples as applied t gvernments state that the vestment return assumpt shuld be the estimated lngterm vestment yield n the vestments that are expeted t be used t fane the payment f benefits (that is, fr a plan whih is funded). Based n the assumpt that the ARC will nt be funded, a 4 annual vestment return has been used this valuat. This is a nservative estimate f the rate f return n Shl Bard funds used the urse f its fanial ativity. Health Care Cst Trend Rate The expeted rate f rease medial st is based n a graded shedule begng with 8 annually, dwn t an ultimate annual rate f 5. fr ten years ut and later. Zer trend has been assumed fr valug life surane. Mrtality Rate The 1994 Grup Annuity Reservg (94GAR) table, prjeted t 22, based n a fixed blend f 5 f the unladed male mrtality rate and 5 f the unladed female mrtality rates, was used. This is a reently published mrtality table whih has been used determg the value f arued 47

52 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements benefits defed benefit pens plans. Prjeted future mrtality imprvement has nt been used se it is ur p that this table ntas suffiiently nservative marg fr the ppulat vlved this valuat. Methd f Determg Value f Benefits The "value f benefits" has been assumed t be the prt f the premium after retirement date expeted t be paid by Rapides Parish Shl Bard fr eah retiree and has been used as the basis fr alulatg the atuarial present value f OPEB benefits t be paid. The GB rates prvided are "unblended" rates fr ative and retired as required by GASB 45 valuat purpses. It has been assumed that the Humana Mediare Advantage prgram will be eleted by 2 f retirees the future. 13. Net Psit and Fund Balanes Nnspendable Fund Balanes The Shl Bard has rerded a nnspendable fund balane f 191,542 fr unused fd mmdities the Fund Fanial Statements. This amunt is rerded as unrestrited net psit the GvernmentWide Fanial Statements. The Shl Bard has rerded the pripal amunt f the rigal dnat f 3, the F. P. Jseph Memrial Permanent Fund as nnspendable fund balane ardane with the dnr's bequest. The addital amunt f 12,284 that has aumulated that fund is als shwn as restrited fund balane and as restrited net psit. Restrited Fund Balanes In ardane with the prviss f the sales tax prpsits passed by the vters n June 19, 1967, and May 2, 1987, the Rapides Parish Shl Bard has a 59,182 restrit n ttal net psit and related fund balanes fr salaries and related benefits f all Shl Bard emplyees frm enablg legislat. This restrit is the Sales Tax Speial Revenue Funds and is a result frm the wrdg f the sales tax reslut apprved by vters. The United States Department f Agriulture mandates that a perentage f funds reeived regards t the Kisathie Natal Frest be used t further frest eduat. The Shl Bard has reprted this aumulated unspent ttal f 26,3 as f June 3, 213, as restrited fund balane and as restrited net psit. The Shl Bard reprts restrited fund balane and net psit the amunt f 9,882,483 fr debt servie. The Shl Bard als reprts restrited fund balane fr apital prjets the amunt f 11,743,59. This amunt is als shwn as restrited net psit. External parties have restrited the use f many speial revenue funds ttalg 11,217,973. It is rerded as restrited net psit and restrited fund balanes. 48

53 Rapides Parish Shl Bard June 3,213 Ntes t Basi Fanial Statements Cmmitted Fund Balanes The Shl Bard has frmally designated the use f 1,663,196 fr wrkers' mpensat by rerdg it as mmitted fund balanes. This amunt is shwn as unrestrited net psit. Assigned Fund Balanes Shl Lunh/Breakfast Fund aunts fr mnies reeived frm federal, state, and lal sures thrugh grants, equalizat funds, and fees harged fr meals. The remag balane this fund ttalg 4,139,344 is shwn as assigned fund balane fr the gvernmental funds, and unrestrited net psit n the gvernmentwide fanial statements. The balane f 233 remag the Tehnlgy Fund rigatg frm General Fund mnies t be used by the Diretr f Tehnlgy is shwn as assigned fund balane and unrestrited Net Psit. Defiit Fund Balanes The fllwg fund had a defiit balane at June 3, 213: Fund Defiit RubyWise N. 56 Distrit Matenane 117,936 The Shl Bard signifiantly redued apprpriats fr this fund fr the fisal year an attempt t elimate the defiit fund balane. Hwever, Distrit 56 remas with a defiit fund balane at June 3, 213. Durg the budget press fr the year, the Bard apprved t transfer 1, t this fund frm the General Fund an effrt t elimate the defiit fund balane. A mmittee ntues t review all expenses labeled as rute matenane f the shls, and apprval f the Assistant Supertendent is required fr all expenses fr these funds ther than rute matenane. 14. Retirement Systems The Rapides Parish Shl Bard ntributes t the Teahers' Retirement System f Luisiana, the Luisiana Shl Emplyees' Retirement System, and the Luisiana State Emplyees' Retirement System. A. Teahers' Retirement System f Luisiana (TRSL) The Teahers' Retirement System f Luisiana is the admistratr f a stsharg multipleemplyer defed benefit pens plan. Set 11:72 f the Luisiana Revised Statutes assigns the authrity t establish and amend benefit prviss t the Teahers' Retirement System f Luisiana Bard f Trustees. Teahers' Retirement System f Luisiana prvides pens benefits, deferred retirement allwanes, and death and disability benefits. The Teahers' Retirement System f Luisiana issues a publily available fanial reprt that ludes fanial statements and required supplementary frmat fr TRSL. A py f that reprt may be btaed by writg t Teahers' Retirement System f Luisiana, P.O. Bx 94123, Batn Ruge, Luisiana

54 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements Teahers' Retirement System f Luisiana Regular Plan members. Plan A members, and ORP Plan members are required t ntribute 8. f their annual vered salary, and the Rapides Parish Shl Bard is required t ntribute at an atuarially determed rate. The urrent rate is 24.5 f annual vered payrll. The ntribut requirements f plan members and the Rapides Parish Shl Bard are established and may be amended by the Teahers' Retirement System f Luisiana Bard f Trustees. The Rapides Parish Shl Bard's ntributs t TRSL fr the years ended June 3, 213, 212, and 211, were 27,78,386, 25,543,59, and 22,159,475, respetively, equal t the required ntributs fr eah year. B. Luisiana Shl Emplyees' Retirement System (LSERS) The Luisiana Shl Emplyees' Retirement System is the admistratr f a stsharg multipleemplyer defed benefit pens plan. Set 11:11 f the Luisiana Revised Statutes assigns the authrity t establish and amend benefit prviss t the Luisiana Shl Emplyees' Retirement System Bard f Trustees. Luisiana Shl Emplyees' Retirement System prvides pens benefits and death and disability benefits. The Luisiana Shl Emplyees' Retirement System issues a publily available fanial reprt that ludes fanial statements and required supplementary frmat fr LSERS. A py f that reprt may be btaed by writg t Luisiana Shl Emplyees' Retirement System, P.O. Bx 44516, Batn Ruge, Luisiana 784. The Luisiana Shl Emplyees' Retirement System members are required t ntribute 7.5 f their annual vered salary, and the Rapides Parish Shl Bard is required t ntribute 3.8, whih is an atuarially determed rate. The ntribut requirements f plan members and the Rapides Parish Shl Bard are established and may be amended by the Luisiana Shl Emplyees' Retirement System Bard f Trustees. The Rapides Parish Shl Bard's ntributs t the LSERS fr the years ended June 3, 213, 212, and 211, were 2,66,44, 2,428,465, and 2,98,54, respetively, equal t the required ntributs fr eah year. C. Luisiana State Emplyees' Retirement System (LASERS) The Luisiana State Emplyees' Retirement System is the admistratr f a stsharg multipleemplyer defed benefit pens plan. Set 11:41 f the Luisiana Revised Statutes assigns the authrity t establish and amend benefit prviss t the Luisiana State Emplyees' Retirement System Bard f Trustees. Luisiana State Emplyees' Retirement System prvides pens benefits and death and disability benefits. The Luisiana State Emplyees' Retirement System issues a publily available fanial reprt that ludes fanial statements and required supplementary frmat fr LASERS. A py f that reprt may be btaed by writg t Luisiana State Emplyees' Retirement System, P.O. Bx 44213, Batn Ruge, Luisiana, Luisiana State Emplyees' Retirement System members are required t ntribute 7.5 f their annual vered salary, and the Rapides Parish Shl Bard is required t ntribute at an atuarially determed rate. The urrent rate is 29.1 f annual vered payrll. The ntribut requirements f plan members and the Rapides Parish Shl Bard are established and may be amended by the Luisiana State Emplyees' Retirement System Bard f Trustees. The Rapides Parish Shl Bard's ntributs t the Luisiana State Emplyees' Retirement System fr the years ended June 3, 213, 212, and 211, were 86,46, 93,533, and 111,224, respetively, equal t the required ntributs fr eah year. 5

55 Rapides Parish Shl Bard June 3, 213 Ntes t Basi Fanial Statements 15. Cmmitments and Cntgenies Grant Audit The Rapides Parish Shl Bard reeives grants fr speifi purpses that are subjet t review and audit by the Luisiana Department f Eduat and/r U.S. Department f Eduat r ther grantr agenies. Suh audits uld result a request fr reimbursement fr disallwed sts under the terms f the grant agreements. In the p f management, suh disallwane, if any, wuld be signifiant. Cnstrut Cmmitments The Shl Bard has entered t ntrats fr the nstrut r renvat f varius failities. See nte 9 fr a detailed list. 16. Risk Management The Rapides Parish Shl Bard is a defendant several lawsuits. Management and legal unsel fr the Rapides Parish Shl Bard believe that the ptential laims agast the Rapides Parish Shl Bard nt vered by surane reserves wuld nt materially affet the Rapides Parish Shl Bard's fanial psit. See Nte 11 fr detail frmat abut wrkers' mpensat and liability laims. 17. OnBehalf Payments The ampanyg fanial statements lude nbehalf payments made by the Rapides Parish Tax Clletr fr 84,58 and the State f Luisiana fr 45,39 t the Teahers' Retirement System f Luisiana fr emplyee retirement benefits. The ttal amunt f 849,448 is rerded the auntg system f the Rapides Parish Shl Bard. 51

56 Required Supplemental Infrmal In Part If 52

57 Rapides Parish Shl Bard Alexandria, Luisiana Shedule f Revenues, Expenditures, and Changes Fund Balane Budget and Atual General Fund Year Ended June 3, 213 Revenues Lal sures Taxes Ad valrem taxes Sales and misellaneus taxes Rentals, leases and ryalties Interest earngs ther state sures Equalizat Other Federal sures Ttal Revenues Budget Origal 16,87, 12,1, 3, 37,1 987,71 128,99,458 1,143, 546,5 159,3,768 Fal 17,789, 11,8, 45, 42,1 987,71 128,57,741 1,443, 546,5 161,161,51 Atual 17,744,91 11,888,514 51,456 5,995 1,14,9 128,57,741 1,393,58 626, ,367,372 Statement H1 Variane with Fal Budget Psitive (Negative) (44,99) 88,514 6,456 8, ,38 (49,942) 8,117 26,321 Expenditures Current Instrut Regular prgrams Speial eduat prgrams Vatal prgrams ther strutal prgrams Speial prgrams Adult and ntug eduat prgrams Supprt servies student servies Instrutal staff supprt General admistrat Shl admistrat Busess servies Plant servies student transprtat servies Central servies ther supprt servies Fd servies Cmmunity servie prgrams Capital utlay Debt servie Pripal retirement Interest and fisal harges Ttal Expenditures 85,725,598 26,915,183 3,523,66 1,637,661 2,53,269 4,2 9,79,351 5,34,619 3,456,16 11,925,55 1,312,64 6,79,215 11,397,551 1,887,68 12, ,12 36, 533, 515, 15, ,233,382 87,41,324 28,5,693 3,411,56 1,77,986 2,141,119 4,2 1,17,575 5,191,929 3,638,516 12,661,25 1,338,764 7,965,715 11,628,584 1,842, ,98 772,52 37,962 1,22,5 543, 151,463 18,49,922 85,682,414 27,559,472 3,312,935 1,685,681 2,122,3 38,362 9,924,49 4,939,731 2,93,394 12,44,297 1,38,473 7,116,631 1,923,249 1,743, , ,579 37,779 1,969,93 514, ,16 175,263,943 1,727,91 491,221 98,121 22,35 19,116 1, ,85 252, ,122 22,953 3, ,84 75,335 98,971 (1,623) 7, (749,43) 28,1 2,357 4,785,979 Exess (Defiieny) f Revenues Over Expenditures (14,22,614) (18,888,871) (13,896,571) 4,992,3 Other Fang Sures (Uses) Transfers Transfers ut Lal revenue transfers ther LEAs Preeds frm surane Preeds frm sale f apital assets Ttal ther Fang Sures (Uses) 23,17,5 (8,556,659) (74,124) 13,873,717 22,95,5 (8,24,62) (45,325) 2,, 2, 16,316,113 23,134,415 (8,235,564) (45,322) 2,, 18,781 16,467,31 183,915 (31,52) 3 (1,219) 151,197 Net Change Fund Balane (328,897) (2,572,758) 2,57,739 5,143,497 Fund Balane Begng f Year 2,961,4 2,961,4 2,961,4 Fund Balane End f Year 2,632,143 18,388,282 23,531,779 5,143,497 GAAP serves as the budgetary basis f auntg. 53

58 Rapides Parish Shl Bard Alexandria, Luisiana Shedule f Revenues, Expenditures, and Changes Fund Balane Budget and Atual Shl Lunh/Breakfast Fund Year Ended June 3, 213 Statement H2 Revenues Lal sures Interest earngs Fd servies State sures Equalizat Federal sures Ttal Revenues Budget Origal Fal ; 3, 1,995, 22,64 9,895, 12,95,64 3, 1,995, 22,64 9,895, 12,95,64 Atual 4,42 1,889,79 22,64 9,842,158 11,937,919 Variane with Fal Budget Psitive (Negative) 1,42 (15,921) (52,842) (157,721) Expenditures Current Fd servies Capital utlay Ttal Expenditures 15,16,463 2, 15,216,463 15,16,463 2, 15,216,463 13,569, ,565 13,75,357 1,446,671 64,435 1,511,16 Exess (Defiieny) f Revenues Over Expenditures (3,12,823) (3,12,823) (1,767,438) 1,353,385 Other Fang Sures (Uses) Transfers Net Change In Fund Balane Fund Balane Begng f Year Fund Balane End f Year 2,245,455 (875,368) 3,89,33 3,14,935 2,245,455 (875,368) 3,89,33 3,14,935 2,28,21 44,583 3,89,33 4,33,886 (37,434) 1,315,951 1,315,951 _ GAAP serves as the budgetary basis f auntg. 54

59 ) E V re 41 ( (O T Ol < V* ' O) > * g OJ CD" CTT (3) 5^ ' t'* (3J CD O (M O ^ CD ' ff> OJ CJ) ^ CD" CNJ O t/> C3 CD " Oi ID (3) CCJ CD ^ T (M O 2 <5 ' t IT) ^ " s: O) 1X5 " CD" 5 m " «A </> If) ( 2 re S m «> n i: Q. h ulsii ( I s "1 Q ( re X > ) re D s 3 u. I» a> 3 u ( J2 "S m ) u IS 3 ( re a> ki re O re T ) E a. E ) O JO > (M O «< y> ' n Dat( Asse O) *" " O) T " T Tt O) ^ " " CD m" CD_ /> «> O) " _ 5 ^ ^ i,~> m ^«i) *= " 1 Valua 1 Value Liabil AAL) "S ^ ) ^ 1 Aru id AAL r r r OJ r r r 3 3 < < < 3 Q. d " O) O O ^ ^.2 >, ^ _ TJ <U > i S u O s r r~.a r ii C3) (1) I3 3 ) D) * r : u p v> n Q. L_ 3 Q. T3 C 3 D (U Cfl D O x:. ^ CD E ** C/) B P ) 55

60 Supplemental Infrmat 56

61 Rapides Parish Shl Bard Nnmajr Gvernmental Funds Speial Revenue Funds Speial revenue funds are used t aunt fr speifi revenues that are legally restrited t expenditures fr partiular purpses. The abbreviats fr N Child Left Behd (NCLB) is used many f the fllwg desripts f speial revenue funds. Rapides Fundat Fund Rapides Fundat Fund aunts fr grants frm the Rapides Fundat reeived t supplement and enhane pprtunities t upgrade teahg and imprve strutal and urriulum resures with the verall strategi planng press already underway. Parishwide Repair Fund and Shl Distrits N. 11, N. 16, N. 22A, N. 27, N. 5, N. 51, N. 52, N. 55, N. 56, N. 57, N. 58, N. 61, and N. 62 Matenane Funds The Parishwide Repair Fund and the Shl Distrit Matenane Funds aunt fr the preeds f state revenue sharg funds and ad valrem taxes levied fr matag and imprvg shl failities Rapides Parish. Career and Tehnial Eduat Fund The Career and Tehnial Eduat Fund aunts fr federal and lal funds used t expand and imprve agriulture, busess, hme enmis, tehnlgy, eduat, health upats, marketg, and dustrial arts. Bukeye Fd Preservat Fund The Bukeye Fd Preservat Fund aunts fr preeds frm a speial ad valrem tax fr the purpse f nstrutg, imprvg, matag, and/r peratg the Fd Preservat Labratry Big Island Shl Distrit N. 5 f Rapides Parish. Pland Fd Preservat Fund The Pland Fd Preservat Fund aunts fr preeds frm a speial ad valrem tax fr the purpse f nstrutg, imprvg, matag, and/r peratg the Fd Preservat Labratry Pland Shl Distrit N. 55 f Rapides Parish. Sales Tax Funds The Sales Tax Funds aunt fr the prt (ne perent) f sales and use tax reeived by the Rapides Parish Shl Bard fr supplementg salaries f Rapides Parish Shl Bard persnnel. Tehnlgy Fund Tehnlgy Fund aunts fr funds transferred frm the General Fund t be used by the Diretr f Tehnlgy thrughut the distrit t implement tehnlgy prgrams. Interest Fund Interest Fund aunts fr the aumulat f terest earngs n the hekg aunts f federal prgrams fr Titles I, II, ill, IV, and Vfrm prir years. 57

62 Rapides Parish Shl Bard Nnmajr Gvernmental Funds NCLB Hmeless Assistane At Title I Fund NCLB Hmeless Assistane At Title I Fund aunts fr federal funds fr the eduat f hmeless hildren and makes funds available t help fd and enrll hmeless hildren and yuth shl. NCLB signifies N Child Left Behd. NCLB Title I Migrant Fund NCLB Title I Migrant Fund aunts fr federal funds fr hildren f migrant parents. This servie is supplementary and is designed t meet the speial needs f migratry hildren. Indian Eduat Fund The Indian Eduat Fund aunts fr federal funds used t imprve the aademi perfrmane f Indian students thrugh a tutrial and guidane prgram. NCLB Title I Fund NCLB Title I Fund (Imprvg Ameria's Shls At) aunts fr federal funds fr enmially and eduatally deprived shl hildren. The Title I servies are prvided thrugh varius prjets that are designed t meet the speial needs f eduatally deprived hildren. The ativities supplement, rather than replae, state and lally mandated ativities. NCLB Title II Fund NCLB Title II Fund aunts fr federal funds used t expand and imprve servie trag f teahers and ther apprpriate shl persnnel the fields f mathematis and siene. Classsize redut funds are used t help imprve student ahievement by addg addital highly qualified teahers t ensure that lass size is redued. NCLB Title III Fund NCLB Title III Fund aunts fr federal funds used t prvide tensive English language strut and t brg abut a greater understandg f the ultural bakgrunds fr freign students. Misellaneus Fund The Misellaneus Fund aunts fr the ash aunt f grant prgrams, as well as the set aside funds frm the Federal Natal Frest Shls and Rads Grant. Speial Eduat Fund Speial Eduat Fund aunts fr federal, state, and lal funds whih are speifially restrited fr expenditures and ativities whih prmte free and apprpriate publi eduat t all eligible shl hildren the Rapides Parish Shl System. 58

63 Rapides Parish Shl Bard Nnmajr Gvernmental Funds 8G Grants Fund 8G Grants Fund aunts fr state assistane derived frm ffshre drillg ativities. The funds are dediated fr the purhase f strutal material and text bks, fr the remediat f high shl students failg LEAP tests, fr the ntuat f six prdutive writg t read mputer labs, fr the telemmuniat prjet at Glenmra High Shl, fr the satellite urses at Bltn High Shl, fr tutrg expelled students at Brame Middle and Tiga Jr. High Shls, and fr supplementg the prgram fr high risk fur yearlds. TANF Fund TANF (Temprary Assistane fr Needy Families) Fund aunts fr federal grants t assist needy families with hildren. The mney is primarily used the preged skills pt prgram and varius preshl prgrams. RIF Fund RIF (Readg is Fundamental) Fund aunts fr lal funds used t prvide rereatal readg fr students grades PreK thrugh 8. Eduat Exellene Fund Eduat Exellene Fund aunts fr Tba Settlement funds reeived. These are restrited state funds that must be expended per a lal expenditure plan apprved by the Jt Cmmittee n Eduat. TAP Frest Hill Elementary Fund The TAP (Teaher Advanement Prgram) at Frest Hill Elementary Fund aunts fr dnats reeived frm varius lal sures used t fund the sts f tw master and six mentr teahers' salary addendums and the st f ne teaher replaement salary. Ceil Piard LA 4 Early Childhd and Cmmunity Develpment Blk Grants Funds Ceil Piard LA 4 Early Childhd and Cmmunity Develpment Blk Grants (CDBG) Funds aunt fr state and federal funds, respetively, t prvide aess t universal high quality, develpmentally apprpriate prekdergarten lasses t furyearld hildren wh are eligible t enter publi shl kdergarten the fllwg year. Migrant Dnats Migrant Dnats Fund aunts fr dnats given by lal sures t aid migrant eduat fr Rapides Parish Shl students. 59

64 Rapides Parish Shl Bard Nnmajr Gvernmental Funds Virgia Hward Musial Fund Virgia Hward Musial Fund aunts fr a private dnat frm the Virgia M. Hward Fundat and the First United Methdist Churh f Alexandria, Luisiana whih is used t fund materials, supplies, and related expenses fr the Musi and Perfrmg Arts Department at Peville High Shl. Hmeless Dnats Fund Hmeless Dnats Fund aunts fr dnats given by lal sures t aid hmeless tervent fr Rapides Parish Shl students. Luisiana Advaned Plaement Test Fund Luisiana Advaned Plaement Test Fund aunts fr federal funds reeived t help raise aademi standards thrugh advaned plaement prgrams and rease the number f students wh partiipate and sueed the prgrams. Luisiana Charities Trust Fund Luisiana Charities Trust Fund aunts fr dnats reeived fr twelve elementary shls t assist with strutal related expenditures, mputers, befre and aftershl tutrg, field trips, bks, and magazes. Luisiana Campaign fr TbaFree Livg Fund Luisiana Campaign fr TbaFree Livg Fund aunts fr state funds reeived fr Arthur F. Smith Middle Magnet Shl t prmte tba prevent and ntrl advay. Debt Servie Funds Debt servie funds are used t aunt fr the aumulat f resures and payment f general bligat debt pripal and terest frm gvernmental resures. Shl Distrits N. 11, N. 16, N. 22A, N. 27, N. 5, N. 51, N. 52, N. 56, N. 57, N. 58, and N. 62 Debt Servie Funds and QSCB Bnds Funds The Shl Distrits Debt Servie Funds are used t aumulate mnies fr payment f the neteen remag bnd issues and ne ertifiate f debtedness. The bnds were issued by the respetive shl distrits fr the purpse f aquirg and imprvg sites, eretg and equippg addital publi shl buildgs, aquirg neessary equipment and furnishgs, and imprvg existg publi shl buildgs. The bnd issues are faned by a speial prperty tax levy n prperty with the territrial limits f the apprpriate shl distrits. The ertifiate f debtedness is faned by exess revenues frm the General Fund. 6

65 Rapides Parish Shl Bard Nnmajr Gvernmental Funds Capital Prjets Funds Capital prjets funds are used t aunt fr the aquisit and nstrut f majr apital failities ther than thse faned by prprietary funds and trust funds. Shl Distrits N. 11, N. 16, N. 57, N. 62, Energy, and QSCB Bnds Funds The Shl Distrits Capital Prjets Funds aunt fr fanial resures t be used t aquire, nstrut, r imprve publi shl failities with the respetive shl distrits. Permanent Fund Permanent funds aunt fr resures that are legally restrited t the extent that nly earngs and nt pripal may be used fr purpses that supprt the Shl Bard's prgrams that is, fr the benefit f the Shl distrit. F. P. Jseph Memrial Fund The F. P. Jseph Memrial Permanent Fund aunts fr a bequest f 1, eah t the Glenmra, Frest Hill, and Suthwest Rapides High Shls. Se the time f the bequest, the Frest Hill and Suthwest Rapides High Shls have been lsed. The funds have been vested, and the terest is used eah year at mmenement t award the "Mary and F. P. Jseph Memrial Medal" t the deservg students seleted by the Pripal f Glenmra High Shl. 61

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70 «s EC 1 O z E It ;» 93 t, " '2 8 s O u. n C J : _ S B.2 " 3 u SS 1 S i.. ( C =.5 m 5 CI ' " (A» xi "" ii E 2 5.^ E s "" ' a> "" 8 " 8 \ 69 y*] si ' &» fl "\ V* J2 i? ' < J > * ^ 2 ). X. S C CD CD CD O > 5 is ) ) Q; 1S I «1 S S : a> i> 8 CD.S S 2 a s f D 5 i gsp a JO < Q Q.5 8? 66 S ri O IS ^ =^ *S C 1, 'tl ' L CCJ TO =1 te K s CD t n 5 en z 5 < 11 _ C

71 CJ>" s " <A t i n" g n ta m g (J 3 O ( 1 9 I Q n «3 u. ( ( 5 «u «fl 2 4>!5 < g i rt ^ E " t. C 1. 3.^ J «^ s " 8 i «9 8 O 8» S s s 82: 6? iie ^1 t ^ SB O O : O O 1, s is S 2 S 5 b _.< E uia = D O 3» CD. < O Q Q 67 i S i ^ P C *? n : I *; CD ; B 3. I g S n *! I? > S LJ CJ a ^ n < 3 g

72 «I 5 2 = E» = E ' i z f 3 _ > u. I u m CD t3) t t ^ tj> 1 OT 1 ^' " r*" n" ai «" m" * t r^ ( Tt ^ * m t t' ' T" r' n t h r, ' tn K n O) _ f~ tn m r^ r^ T' ^' T" s On^i OOI^OOD ^JTMtn h <n <" r' " * " r»" * * 1 T r^ T T' tn ^" "" R n t' «s s t s " 1 ( 19 «3 O s t 3 U. 5 f u (A «1 n CD» ra S. s C 1. ) A. S «E '(5* < Q. " n O 3 v» n " V* 1^ fe 8 t (A d a ~ ^ 1 = ^.^ E p t; E I ^^1 8m Siea S S 3 3 : S S 3 n ] 3 > g S t O m CD CD O O D; I ts f? a i s s «= " C ;:: r, 1 S s s Q. i».' ( t ±3 <D t ) h^ ' w z Q u Q: i*:

73 g i g ^ 8 '.;: u. A 13 O C 'ar yiii 8 u_ C ^ 3 J^ at i SS.fl 25 sis.2,r s I (3 I UJ O «r t t m ^ n *» n t r CJ ' ' h CD ^ e " n ^ (D n «r O ^ t r n O f^ t r^ 5 > '.2 «"S. ( t: : = O S, i.l^ E i! lo 2 g,lf J S i. _! 1 S 5 i U ) fl ID I Q. O g : > s.8 1 ^ 5 e ( s ) i 1 = * ; 1 i E 111 'Sit '^ i I i = ^ w «^ 51 Z u. u. 69

74 n t t t tn* 1 s g ' t ^' ^ tn (D t' t r O O f^ n n n ^ r' s s. r t K ^f h" t" r^ TT 1^ t 8? "S <D r~~ * lo X O C (O Ui C 3» 2 ^ u g I i 121 yiii : O ~ > "D 3 n a 25 : O D O ^ ^ C^ 'IS.r ( U E «( D <. E : X «.2 ' J H 1 r (D ^ i^ W S ^ E 1 n X a> ( ^ <a ) CD w «?? ««Sa enta tere: ther Q: O S 8^ tn si" Ol I s:2 ^ ^ S C {«? S S ^i'^ g E i 3 S CD = S 7

75 ' ui 2 g t a i g n 2. < ID tn III : > "D ) _, 1 : S O " J a> O). C C C C ^ UJ r 5 C «^ a U E «? a Z» ^ (5 (D 71

76 r r ( ^ (D O) _ m h CD ' TJ r^ m ' ' m J t n n ) i (D r CNJ m m r (^' T" ' rt t' T' n ^ r 1. r t T i t' T" ' 1 s» J 8 n ' m r' ' s tn ^DCJ"^l >Jn^^l^M iienmsjtt r^ tdohnr^fr O ' '^" m' r*' t tri ' t' t' m' n m ^ta)^^^m no f^ln'ioo Cj' tf" T" s t' m' g.s5 5. = S.«O) O C ««3fi B,_ C B ^ : > "D 3 ^ M O 9 ^ SI" C ( C C ^ 111»... j= J; E n U E «" 1 ^ > > i I5S _ ti 5 SO = i' E i ^. 'E ^ f. s O J C O C D 3 C g j p 3 > t i. ' ; ' g.komme55 ga, Q g S (J = r; 1 ^ 3 Q Q II. ^ ^^ 72

77 ^ ( * r ( r m' r" t O) ( r^ r ' i M <Jt «* e' CJ O ID n C^J r_ s CD t CD CD ^ t Q m " m' r^ m" <n ' _ us r^ e Ol' 5. CD ' s S» I n u. s ** "1 a "1..C 3 W I i Sii : > " I «, «O : ^ «O g ; i >!S ( "5 *" O O O) r.' r* m < ^ <* ' J " </» f 12 ra.^ «> w 2 " t S I ^ b g ^ t_ 3 «. C3 i S 6 * 1 : S ( 5.g a: ( > I s ms es aff supp istrat strat es Speial prgra pprt servies Student servt Instrutal st General adm Shl admi! Busess sen/i 1 ( '5 ) ^ 1 ll _ i^ if 5 "> 8 3 ts s it 2 s.e.e s, 73

78 O) (D CD. r ' ^" r^ m m t m" ' tn _^ ^ O) * m' " m Tj * ' I > I g I ^ C» ~ : > " I.^ «?5 S O E pi «z 5 e 5 fi a. ^ e 5 JB S F._ ' 8*8 g» 11 I 8 g S = r«t;e^ss 3Q_3"'''3iS )rgm.^o«qq. w D <3i = (U i)( ^ JO a, JQ < E 3 E E E S» H a 74

79 i s ^ n Sl ^ sg m r^ rt " 1 n ^ m m ' r' 2 ' g ss 5 8 a " ' ^ eg eg ai n m n m ' TT fe m' s n tn 1 CNI n ' r" n (D t CD t ' O (N h "* O O t m ' m' ' ' ^ m ^ r^ T ID " m" ^' ' ^ ^ m' Vi O gt ) 9 2,>< t UJ C 3 ^» ^_ «^ ; " > "D ; O a : ^ O "g C C C rt C (Q.if, ^ CD «2 r t3) if " = 'S S 2 e CDS 2 " I E 75

80 Rapides Parish Shl Bard Alexandria, Luisiana Cmbg Balane Sheet Nnmajr Speial Revenue Funds Shl Distrits iviatenane Funds June 3, 213 Assets Cash and ^ash equivalents Re^eivables Due frm ther funds 1 Riglette N. 11 2,455,839 5,4 17,51 Frest Hill N.16 87,746 2,43 Ctile N. 22A 468,49 4,15 Glenmra N ,479 3,436 Big Island N ,161 8,339 Fifth Ward N ,92 4,194 Peville N , ,498 Ttal Assets 2,478,74 9, , , ,5 46, ,694 Liabilities and Fund Balanes Liabilities Axjunts payable Due t ther funds Interfund payables Ttal Liabilities 143,81 5,722 5, 199,523 9,621 2,254 11,875 67,292 2,81 69,373 23,421 2,536 25,957 37,873 5,598 43,471 16,237 1,424 17,661 81,645 2,781 84,426 Fund balanes Restrited Other speial purpses Unassigned Ttal Fund Balanes (Defiit) Ttal Liabilities and Fund Balanes 2,279,217 2,279,217 2,478,74 78,274 78,274 9,149 43,222 43, ,595 J_ 37,958 37, , ,29 629,29 672,5 388, ,625 46, , , ,694 See dependent auditr's reprt. These are dividual funds and are nt nsidered t be subfunds. 76

81 statement J3 Peville Pland N. RubyWise LempteLamurie Sixth Ward Cnslidated Cnslidated Tehnlgy 55 N. 56 Wdwrth N. 57 N. 58 N. 61 N. 62 N. 52 Ttal 46,821 2,189 28, , ,542 2,62 283, ,67 541,33 1,563 3,37, , , ,725,222 6, ,587 49,1 31, , , ,596 3,364, ,286 9,855,353 28,436 1,448 9,63 1, ,5 44, ,598 1,91 19,586 5,594 2,539 16,154 5, ,749 49, ,5 29, ,8 44,545 8,689 25,18 216,693 6,19 932,466 19, , ,75 517,416 3,148, ,177 9,4,823 ; (117,936) : : : (117,936) 19,126 (117,936) 224, ,75 517,416 3,148, ,177 8,922,887 49,1 31, , , ,596 3,364, ,286 9,855,353 77

82 Rapides Parish Shl Bard Alexandria, Luisiana Cmbg Statement f Revenues, Expenditures, and Changes In Fund Balanes Nnmajr Speial Revenue Funds Shl Distrits Matenane Funds Year ended June 3, 213 Revenues Lal sures Taxes Ad valrem taxes Rentals, leases anj ryalties Interest earngs Other State sures Other Ttal Revenues Riglette N. 11 Frest Hill N.16 Ctile N. 22A Glenmra N. 27 Big Island N. 5 Fifth Ward N. 51 1,38,895 1, ,586 1,419,341 43, ,225 44,38 49, , ,52 135, , ,492 43, ,35 42, , , ,386 Expenditures Current Instrut Regular prgrams Vatal prgrams Other strutal prgrams Speial prgrams General admistrat Plant servies Capital utlay Debt servie Pripal retirement Interest and fisal harges Ttal Expenditures 482,35 3,195 67,211 47,861 1,53, ,372. 1,8 2,314,47 26,45 1, ,819 1, ,515 41,231 15,346 46, ,265 8,66 4, ,34 18, ,99 3,151 1,64 4,569 41,71 18,553 19, ,673 11,41 22,57 11, ,383 19, ,126 5,473 2, ,178 Exess (Defiieny) f Revenues Over Expenditures (895,66) (131,27) (28,982) (272,218) (337,46) (189,792) Other Fang Sures (Uses) Transfers Transfers ut Ttal Other Fang Sures (Uses) 858,266 (39,28) 819,238 94,982 94,982 22,332 (13,9) 189, ,684 (4,878) 183,86 456,811 (42,28) 414, ,156 (4,878) 258,278 NetCiiange Fund Balanes (75,828) (36,225) (91,659) (88,412) 77,485 68,486 Fund Balanes (Defiit) Begng f Year 2,355,45 114, , ,37 551,544 32,139 Fund Balanes (Defiit) End f Year 2,279,217 78,274 43,222 37, , See dependent auditr's reprt. These are dividual funds and are nt nsidered t be subfunds. 78

83 Statement J4 Peville N. 52 Pland N. 55 RubyWise N. 56 Lempte Lamurie Wdwrth N. 57 Sixth Ward N. Cnslidated N. Cnslidated N. Peville Tehnlgy N , , , , ,28 3,117,2 1,2 2, ,145,4 1,2 6, ,483 3,571 2,46 55, , , ,546 82,245 34,757 3,214,587 24, ,58 7,352,286 37,96 27,317 1, ,65. 8,31 1,34,856 6,399 1,44 2,955 17,476 5,587 2, ,86 142,725 7,777 8,36 3, ,85 3,676 4,94 4, ,73 25,134 _ 327,38 1,994 3, ,43 3,252 1,74 153, , ,424 6,234 2,343 3, , ,81 4,477,57 119,688 52,797 57,483 5,166,631 97,967 7, ,298 1,231,764 3,195 67,211 4,94 249,75 1,35, , ,913 12,588,674 (74,57) (158,66) (19,273) (16,12) (71,616) 82,49 (1,952,44) (2,95) (5,236,388) 762,846 (17,164) 655, ,94 131,94 125,43 125,43 177,686 (14,38) 163,36 16,374 (6,55) 99, ,311 (18,412) 163,899 2,934,652 (49,342) 2,525,31 6,485,443 (659,876) 5,825,567 (84,888) (26,126) 16,13 3,294 28, ,38 573,266 (2,95) 589, , (134,66) 221, , ,18 2,574, ,82 8,333,78 554,268 19,126 3 i (117,936) 224, ,75 517,416 3,148, ,177 8,922,887 79

84 «O " > > 1x " C W D (Q O «>. z n O lo r^ t m en t t rg T" t" t t r^ ID ^" t" tm * r r (O ^ h r^ (D ' i t lo W lo ^ t ^" " tm t '*" r~ OD Csi tn IN " ' ^" * ^ m" tn t n O) t" " a G CD r^»n t t' t Z W O) «O Cl^ > z O) r^ ^ t tn O t r ^ tn O) i" " 5 " «i m n t r" r' " t r ^" '.J r h~ t" IN 1 u! ^ J " S 5«u. T V «) ^ > > n C) O O) n f^ ' ^ ( r^ 1 r' r r." r" Ol «E Z EO > gg. E 1 III ill 5& 8 1 i es :aff supp li strat strat Student servi stmtai si Generai admir Stii admi: Busess seivi 1 t a: w E l O Q, Student transp mmunity servi 1 utlay E » g a (3S ( u El 8

85 1*» a > z If) O If) r >.2 w ra > z " al fo 1' O "O s ^ 2 w = C" J2 «CD at n!s Ol > z :CK n u : as '5 ' "> 5 < S D,.»!.S = Is Ol «z t tures It E E 2 g. i si itrut Regular prgrams Speial eduat prg Vatal prgrams Ottier strutal pr Speial prgrams pprt servies Student servies Instrutal staff supp< General admistrat Shl admistrat Busess servies Plant sen/ies Student transprtat mmunity servie prgra f^i 5 8 &3 >. 8 (5 w OS sa III IP ( w 2 S 4J,2 IT In «) SEE 81

86 ?? E «V) >.2 S z > z SB 3< S' i J! ^ 3 5'SS.. S * > z.a=«m «** I =. Ol V w 7 z Ol EO E E 8 ^ 1 > J a. I m I : =» S E! «E ii 2." : 21: E» I «S2.2 lags i E SOMmES 1 82 ffi la ) ^ = E is IS 2 Q ( Ifl J=

87 E e 5.E ^ " a., ft) > z z >.2 5 il 1 t (O t e t ^ <D f" ID 3<.is «a a I 5 n ^ «S tt fl, 3 ra s 1 IL ^ l«u w " IS 5 " C 1^ M Ol ra p a) > fl z 4 «Z EU s 8 1, s s I s E (» E _ <u <U y W "F «s s «(fl 4) ^ i! i2 t) I) O ( (R SI L Sd^ ; a E I t; a> " O Tt * (= i: «i3 g ( (fl i C Q. O C 3 *3 O 111 g> E?i is F w g «S. ««5 ^ I e Q." Olni? = '^.9 f t p ^! g fe O.? «O ^^ > O W g;^ O «3 t >, O) 1 ra 1 CL43 s a bi : a 1 ( JZ «).2 ra (O w " EE O 83

88 v^ «ISO tn tn tn <J < 1 t m r 1 z tn n tn t t tm 5 2 iss ' w" r" t ' si ' lo" n *" t" t ' ii "1 ra ra i!5 g " = D. V) X Jl s «Q. < n <^ 3 a. ^ «IL Ol «3 3 C S i K J! 3 u 5 u «ra ffi e 3 U. a. VI 1 Ol z e g E O e O 3 ft w t e n ra «J2 ' " s 8 S W ra (5 ) In } 1 EC _ w? a O g 8 E <1) Q; 1 84 g s i! E E O i 1 Ol n U s z u «m IL 3 U ffi 3 u_

89 E (A ; «Ol»^ p «> *L z TS (D ' 3 n (N < < r" r~" T' fo' «> t t t O t ll r^ m 1 t. Tf t tn ( * v ( t r^ (. r^ n tn 1 m (O f^ ic r*" t <N O) t r^ n O)»r ^ ^ r^ Ol m " ' f~~ n I IE ; w a > D. Z r^ ' t" t r* t r^ " r" > ^.V* w vn > z w X I. «V «3 C O» O 5 TJ 3 #» Q.<» sj; "» Ol Ot Z EO O 1 O» S Q) S.3 d ) U J Q. O i (/) > ( 8 i 3 925^ 1 B t 1 i:: a ) ra e 111 O w t a. «E " tt) C7 ra 1 E» Eg; sa?fi.a _ t u ra ^^ ra IC = e z I & 85

90 EC «1 fi«g >; i > a. z >. li 3 S ' " ='2 Hi is > ^» i! js ^ I 1 ( u 7 3 t «il : S ad S3 5»_<«E E> s < ^ = n t J ig g!s Ol > n. z Ol Of Z e Ol ig.a EO u. CL O C a s i e 4j g O 2 E ) ra ~ ^ u is " S iii ^ 2» D " 2 g» "2 Q, ^ w a> 3 t gw S O t sa 1^1 I 11 a.1 i" i i m D 86

91 S! 1 i V) (9 > z m < E u a >n «C>. z ' O O ^» 3 ls"ss «l V u = «1^ 5 a J! =.2^ «'E "i C» D) «p».k 'C ft CQ u "D " l» «" (O = Ifl X ^ ^ «J! 2 = <l «u. Ol Of Z C Ol EO K ' C m ^ ) S: a: s,_ <u e 8(2 I S i f t 87 f _g " C <U ) ' S SEE J t I X S lu O U. U.

92 Of at 1 " * s C9 ifi IS C» O " z > z D Vt e n 3 t & X Ol u. lu 1 3.s (A 3 C i V 1 f 3 3 S C u > ) fo 1 S u 3.s 1 1 ra 1 la X m a V 3 a < U (A Ol e!i A u. (A «Ol g EO z D u ^ k.s ^ < g > ie (A. i Ol ) z "re 3 t> < e «In fo I 2 ^ I Of w > ( S t 5 I 9ffiJ y <i> 1 CL ^ 8 *>. ra 11 sa s is.s ra _ u m I O 88

93 5^ E e ) t ~ > 2 «d} 1 " >.a E >; SI > "> z ', 3 t ism.!s «f 3 3 u = Ifl "i S 1 _l» _ i " «T «"O._ J s s s 1 Ol 11 > Jp z * Ifl X V O 3 " SSI! w = Ol «z EO ta Q )»?8 u > 1 (A 73 (9 fl J) < t ^ " K S s ) O «E E I 8 w «ra M ^ E :^ CD ^ (U Q«" S ^'^ * I K SI *; S At ft O) ) O O t y ID Q. O s 1 = ga:> IE I/) O» C S. O 3 I 89 «ra IS lis Sit ity servie pr y "2 5 *= retirement d fisal ha Expenditures mmun 1 utia ien/ie ndpal sresta Ttal C Capita Debts Pri Int. a. s >:.1 ig 4) a u X UJ lure ng S Fan t Ottiei nani ers ers u Ttal ther Pi Transf Transf O > s ^ ^ j ; ^ ^ * «.ti C IC V 4> 3 Q Q re

94 Is s s g m p at * 5 58 Ol t' ' r" "«f w s S"tD?. f * t S55 S8S t (O S " t r" CJ m r^ 1^ r^ n t t ^ O t O) ^ r^ n m ' " K T' n «T" t n t 1 t ^ > <N tn lo m t T 1 (D (O T O r < ^ t f t"» r" ^ t t tn t O T tm tpttoootm )<NrOO'*iieO t t r j r ^ f O h " ^' " h" l" ' r' t" tittttnmo n r T O " tn" fo n h " ^ ^ Ol <r m " tn" Tf t' D s ^ n ^ t t^ tn ss 5s r^ h t t > m T m t tm tn t" " " f^ tj>. t > " " tn" '^nt^ Mtnt^tr^ tnttnttot" tn" " f" n" " r" ^" ^' )"»a3foiih ^ O t (M 1 ^ m n r) n> M t) s r _^ (O _ CD n t" t" t ^" m " t' ^ t" N 1 ^ mgfii. M * 15 a Ol LT.P > n z D: re u " tfl X 1 ^ ^ i.a is Of _ re ) = ^ E > ««Ol «e Ol is.a EO z E ra E t 2 3 ig ra (A t} O 8 ). a: S O ; tj ^i d e» e 2? grai uati prg uti Is II E = u) y Q. 5 iji fe ^ s ts E OJ ) ^ OJ CL s Q. O 3 a) Q; W > O w g O w t H) r a m => *= tj Q. ^ K i 3 E g S,2 if 31 ClS sa si g. J ^ 9

95 S tp t*> tn C C if ( a P a >. z t 5" g5 ^ s '* ^_ t t ' tn td_ S t 1 8 * O O O * O O O <J) n ( j>" f" y a> t^ ^ " *' " " tj) ^ ^^ 1 ' O) i i tn tn 8 1 n t ^»' " > Q Z a> Oi m <" " S S 83 = ^5 = r^ t ' IC CD O > OO * t r! a ID n I > s u ^ 2 S = : Q: <g " n p S > Z ^ <n * (D» * * r^ * <j) <j) n t t^ t3) ^_ t^ " <M <n f n t tn >. D 3 O ffi O u 3 ) ^ n 55 EOS. O ( *2 m t m n ^ ^ ' t" rvt CD < (D ID t^ (B 8SI f^ tn ^, _ lo <r^' *' t" ' " <' *,. 1 ^ ^ m t (^ S H Q: S O 3 3 <D. e r r = m da 1 91

96 J > ** 3 C C if OT CL r^ ^ * r^ r^ * O O O O t^ O 1^ t tn Tf " ' " " ' S 5 ^ 1^ <3> OO 1^ tj) t t*) l» =.. C «Ol > z las?s:: O /^ t» lo t J ' «" 1 s h T K n ai 3 ( UI s <s la * 'C «*< ^ O M «.2.C 3 3 u O Q <>< OT I O u =» S.S SOT = = «Q> O 3 a S a' a S m 3 S = n li. 3 > D if ui C _ I..= i^ Ol s «s > ; t^ n ^ t t ^ tj> "* " " ' ^ <n ^ * tjj m t f O * ^ * OO h CD OO w g. * O) S «. *5) " a> m lij i 8 ^.8 ~ " S sllfsi«&«l SI ) r O!= <&«'«< S? 1 ) S 2 S <D re ) O O 92

97 4> 3 C C is O O 4) f^ t eg 5 r^ t 1^» r T" T' h." _ n; < r t ^^ 2; ^ ' r^ CD t r^ _ (T: ( 1^ ( r* td n 8 r^ t t r^ r^ * T" " h' ' t" s g 8 9 s t i i 2 ' * 1^ t tn t * m T t C «Ol > Z m t xr r^ r^ ^ i ^ tn '«* " " 8t CD S.2 1< u ' 5 t ~ ( 3 «at ** ^ I* «^a!«=" <*> m O «i «S u 5 Oi «"5 3? SS ) (U ) O > > " 'S "ll " 5i t> Q. tn I^ 1^ T Q ^ S ^8C: t * " r^ OO T m (D t' t" t' t ^ "* t ^ At* ^ V EO _ O 1 O ffl O) t «t < 1^ s tn ID s tn w > > E tl). Si td : t3 t 3 Z. 3. re J > r S? I 3 u a u f ~ S. SO B 2 au X UJ a J3 1 t ID O Q "S C E S Q «2 i5 3 w.e.2,2 1 m a 93

98 > = i >a: z * tn ' *'""" tn * * t t t <i tm ^ iz r^ * tj> I ai ai t' tm' " t. I 5 I " OO" I O ^ <! m 5 rt < I O (O I * I : u C " : It O > Z 1^ O OO tn ' ^ t ^ 3 ' r^ t' T" t * r ( n 3 O J E < n ID. s a «CC C Q i 3 C K UJ s 3 C > a 3 < s CQ ) O) ( ) O 3 1^ 3 < 1, 3 u..ss. C s 'B EO P _ t u 3 > > UJ DC «2 t i: P " > Z ^ Q * r m I TT r^_' *' ai t' T' 1 I*) (O ^ f^ (O t r^ t T t t t t < as t O I ( r" *' < O Z t UI s O O I O I > O > _J V 1^1 LO E ^ ^ J2 r r is E h. Oi CD S' gllsll a g ^ S " S S» 2 g > O glo Q. D W re (D. t=s? g e 5 S e > a.=,» a t g M ij 2 2 O 94

99 9<S >» 11 OT.2 J C «; D1 ^ > Q z O O (J»» O U> r^ T" T~" T' ' n r" fell ' O' T' r n ^ * ( " O t ^ O T N. O CD» I n T Tj * OJ O T ^>. ^* <n ' ^ (^ r. ^ t^ h at tp. " " " SlN. * tn" ^ t t' ^. r 1^ " ^ a> " Q 8 S Q Q O r^ Q 5 ^" ' sgs ' m ^' h r ss n t 1 tn 1 r* T <n " f^ t" ^ " r* ^^ t n " = 5 " 3 5 ID 9 «lli! i3< i»» 3 a SaiS ' 3 I O m J «U ^ si 5 = «^< Tl 3 2 O C ) E n EO g. O OT O " Si'M t t O O OT I t ^ 1 88S _ f r^" r' " n t t tn, _ * " ' ' T 1^ r^ t t Oi t h ^ r" r" Oi ' I^' t^ ^ * ^ ^ tn " " t" T T * ' N. tn 1^ ^ tn ' h" SS " " "' ' r^ ' <r " ^ ^ ' S S Q. " g t K l f Q. > tn, 'S» g ^.9 5 S S ^ S 3tD=Q.9t»ig a S, S? S n: > g Q. O C 73 m Q n "n a S e 3 > 1 = a t a S H H i iz fe n S.=,2 SIm t 2 re S 3 Q ti a u. hi 3 u T ^^ T t V s» O) n ffl CQ O * Z 5" 3 U 3 U. 95

100 Rapides Parish Shl Bard Alexandria, Luisiana Statement f Changes Fiduiary Assets and Liabilities Shl Ativity Ageny Fund Year Ended June 3, 213 Statement K1 Balane Balane July 1,212 Addits Deduts June 3,213 Assets Cash and ash equivalents Certifiates f depsit Investments Reeivables 2,548, ,26 1,472 58,121 8,182, ,284 8,21,172 8,857 2,53, ,49 1,573 59,548 Ttal Assets 2,838,761 8,193,2 8,21,29 2,821,932 Liabilities Depsits due thers 2,838,761 8,193,2 8,21,29 2,821,932 Ttal Liabilities 2,838,761 8,193,2 8,21,29 2,821,932 See dependent auditr's reprt. 96

101 Rapides Parish Shl Bard Alexandria, Luisiana Statement f Changes Depsits Due Others Shl Ativity Ageny Fund Year Ended June 3, 213 Statement K2 Shl Balane July 1,212 Addits Deduts Balane June 3, 213 Aadian Elementary Ewell S. Aiken Optal Alexandria Middle Magnet Alexandria Senir High Alma Redwe Elementary Arthur F. Smith Middle Magnet Ball Elementary Barrn Elementary Bltn High Stt M. Brame Middle Mabel Brasher Elementary Buleye Elementary Bukeye High C. C. Raymnd Middle Carle Drman Junir High Cherkee Elementary Frest Hill Elementary Glenmra Elementary Glenmra High H. R. Lawrene Middle Hadnt/Hayes Elementary Hrseshe Drive Elementary Huddle Elementary Julius Patrik Elementary L. S. Rugg Elementary Lessie Mre Elementary Mart Park Elementary Mary Gff Elementary J. B. Nahman Elementary Nrth Bayu Rapides Elementary Nrthwd High Oak Hill Elementary Oak Hill High Paradise Elementary Peabdy Magnet High Peabdy Mntessri Elementary Phenix Magnet Elementary Peville Elementary Peville High Peville Junir High Plaview High Pland Junir High Rapides High Rapides Trag Aademy Rsenthal Mntessri RubyWise Elementary Slum Learng Center Tiga Elementary Tiga High Tiga Junir High W. O. Hall Elementary Ttals See dependent auditr's reprt. i. 9,866 42,237 46,21 115,812 4,37 24,598 62,23 7,98 68, ,572 33,87 39, ,71 12,162 22,39 34,686 41,28 12,94 11,49 5,582 2,18 2,446 4,25 19,851 31,613 47,725 7,22 67,639 12,77 141,374 4,887 68,474 9, ,557 4,856 55,279 18,753 62,55 86, ,419 32,25 1,621 16,389 43,14 26,337 3,81 78, ,747 59,534 52,781 2,838,761 24,994 71, ,87 972,723 37, ,217 34,89 166, , ,316 5,124 95,343 49,816 32,198 79,67 96,463 72,826 38, ,16 69,139 26,532 51,78 29,725 23,382 43,729 5,687 35,285 72,879 22,724 33, ,413 93, ,18 13, ,237 14, ,743 45,822 1,4,85 275,6 127,12 14, ,7 7,13 79, ,9 3, ,94 68, ,5 34,963 8,193,2 23,299 11,561 77,95 124, ,74 39,611 11,469 43, , , ,567 44,334 85, ,952 31,447 73,32 13,397 7,378 4,76 137,245 58,285 27,869 51,12 23,393 18,515 39,622 44,519 27,822 68, ,929 34, ,428 98, ,878 92,473 32,513 11,5 233, 47,769 1,18,829 27, ,793 93,821 17,571 7,32 77, ,214 4,634 16,1 583, ,871 32,84 37,129 39, ,461 1,999 26,346 53,444 43,477 66,49 135,321 39,597 48, ,935 12,913 6,368 15,15 37,134 39,844 98,819 21,93 4,245 2,768 8,778 9,117 23,958 37,781 55,188 11,147 75,434 11, ,359 35,854 63,614 1, ,281 44,27 81,22 16,86 48,526 91,6 127,728 43,49 86,12 16,487 45,222 3,132 2,58 63,24 157,61 71,668 54,94 8,21,29 5 ; 2,821,932 97

102 Cmpensat Paid Bard Members The shedule f mpensat paid t the Rapides Parish Shl Bard members is presented mpliane with Huse Cnurrent Reslut N. 54 f the 1979 Sess f the Luisiana Legislature. Cmpensat f the Rapides Parish Shl Bard members is luded the general admistrative expenditures f the General Fund. In ardane with Luisiana Revised Statute 17:56, the Rapides Parish Shl Bard members have eleted the mnthly payment methd f mpensat. Under this methd, eah member f the Rapides Parish Shl Bard reeives 7 per mnth, and the President reeives 75 per mnth fr perfrmg the duties f his ffie. Members f the Exeutive Cmmittee reeive an addital 5 per mnth. 98

103 Rapides Parish Shl Bard Alexandria, Luisiana Shedule f Cmpensat Paid Bard Members Year Ended June 3, 213 Statement L Bard Member Jhn Allen, Jr. Wiltn Barris, Jr. Steve Berry William Breazeale Stephen Chapman Janet Dixn Julie MCnathy James Rdriguez Pamela Webb Ttal Amunt 8,85 8,7 8,85 8,4 8,7 8,4 8,85 8,4 8,4 77,55 See dependent auditr's reprt. 99

104 Rapides Parish Shl Bard Net Psit by Cmpnent Last Ten Fisal Years (arual basis f auntg) Table I Fisal Year Ended June 3, Net Investment Capital Assets 26,886,662 32,563,23 35,656,214 35,54,99 36,582,95 36,297,377 36,133,192 47,573,15 44,537,836 46,191,938 Restrited 33,574,461 39,4,987 36,743,97 9,533,251 1,277,184 1,615,634 12,592,998 14,151,822 14,337,41 15,533,87 Unrestrited (6,52,567) (14,25,682) (14,871,298) 12,376,91 4,498,184 (1,26,667) 1,191,76 (7,156,485) (3,533,582) (5,4,45) Ttal Net Psit 53,958,556 57,542,328 57,528,886 57,415,61 51,357,463 45,886,344 49,917,266 54,568,442 55,341,655 56,72,62 Sure: Rapides Parish Shl Bard, CAFR Exhibit A: June 3, 213, 212, 211, 21, 29, 28, 27, 26, 25, and 24. 1

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108 Rapides Parish Siii Bard Assessed Value and Atual Value f Taxable Prperty, Last Ten Fisal Years Table VIII Fisal Year Real Estate Prperty 557,599, ,135, ,31,99 52,618, ,121,66 457,58, ,377,67 46,518, ,68, ,863,874 Atual Value Cmmerial/Other Prperty 313,412,97 279,273,55 268,7, ,172, ,912, ,791,213 24,374, ,221, ,331, ,157,34 Less: Exempts 177,968, ,594, ,66, ,984,319 17,89, ,283, ,345,81 158,393, ,441, ,563,272 Ttal Taxable Value 693,44,31 649,813,8 625,394, ,86, ,143, ,87,869 51,46, ,346,74 451,959, ,457,96 Ttal Diret Rate Sure: Rapides Parish Assessr's Offie 14

109 .a t^r^r^i^m ^»sr*>(^i Tr~'a>a)siNa)Cj) ^jc3> O)O>O>O>GO C C N O O O O O O O O O!r^t^^Jr:^^^:6DCDtb I n n 3 2 CQ a. O Q. «i2> 5 s! S n ffi R).= ffl Q Jj I a. n. 5 S CDi^r^t^r^ i ^>>)>>CDO>> r^'tbdcdtddddbb > OT Q. Q «8 1 = < fi ) <u O m ( E OJ'^srMaaD hnsjirtifi^h CNCNCSCNCNCN tololovrjlocxjc^jo) r^ Diriiritriiiiriiiritri C3jmm<f pi^t^ipx) T^T^T^iiriitO'^ imtdcdimm ^tdoooooolo ^ij ailrilolrilrir^'r'^cn ^ O O O O O J O O C N T ****M''^<r'a CNCSlT'.TTT re iiimio'trhi^r~m irjiriiiriirit^diaiai n CNCNICNICN ddd CNICNCNICNICNICNCSCSI ^ ss iri d iri rsi ^r 1^ vi h: CD CD ( m l CI) r^ m t^ CD Tf d t^ d O CD O T T T CN CN ) a 3 a. XT O d r~ T T ^r d 1^ T 'T d r^ T ^r d CD T CD a> Oi d CD T T CD CJ> CD CD T k. CTO>t~«DI^ ra.<" > O O O O O O O O O O OIrMdCNCV 8 <u OT. OT "i Q. OT <U g Q. r Q: 3 (U C3) r TD r. e i p 'O r 2 E ) C5 OT O li. 15 m ) Q. E O (D > ). O S r Oi ) D CL >* OT s s O) 'J (U x: 4..* r OT (D 'O 3 15 r r OJ >. OT 3 O > Q. <u J3 is 'r > r >^ 3= C E 3 O O (U r QC

110 Rapides Parish Shl Bard Alexandria, Luisiana Table X Parish f Rapides Pripal Taxpayers Current Year and Ne Years Ag Taxpayers Aadian Gas Pipele Systenn Type f Busess Mfg. Gas 212 Assessed Valuat 46, Perentage f Ttal 23 Assessed Assessed Rankg Valuat Valuat Rankg Perentage f Ttal Assessed Valuat Central Luisiana Eletri C. Healthare Prvider 36,426, ,6, Prter & Gamble Mfg. Laundry Cleang Prduts 14,357, ,88, Central Luisiana Healthare System Healthare Prvider 12,88, ,225, Un Paifi Railrad Railrad Cmpany 11,153, ,333, Bell Suth Telemmuniats Telephne Utility 1,188, ,714, Red River Bank Bank 6,426, Dresser, In. Mfg. Oilfield Valves 5,371, ,823, U T L X Mfg. In. Railrad Equipment Mfg. 4,654, Texas Gas Transmiss Crprat Pipele 3,778, Intematal Paper Mfg. Paper Prduts 8,826, Rapides Regal Medial Center Healthare Prvider 4,478, Hibemia Natal Bank WXI/Z Suthwest Malls Bank Shppg Malls. _ 4,462,953 3,624, ,177, ,36, Sure: Rapides Parish Assessr's Offie 16

111 Rapides Parish Shl Bard Prperty Tax Levies and Ciletlns, Last Ten Tax Years Table XI Fisal Year Ended Deember 31, Taxes Levied fr the Calendar Year 34,199,89 32,424,563 31,485,554 3,69,68 29,55,678 27, ,459,89 24,138,295 24,56,52 24,14,58 Clleted with the Calendar Year f the Levy Perentage Amunt f Levy 35,268, ,27, ,843, ,81, ,341, ,4, ,743, ,431, ,383, ,847, Cllets Subsequent Years* Ttal Cllets t Date Perentage Amunt f Levy 35,268, ,27, ,843, ,81, ,341, ,4, ,743, ,431, ,383, ,847, Sure: Rapides Parish Assessr's Offie Nte: This shedule regnizes llets n a alendar year (tax year) basis, whereas prperty tax llets reprted the basi fanial statements are n a fisal year basis. 'Cllets subsequent years data nt urrently available. 17

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113 Rapides Parish Slil Bard Diret and Overlappg Gvernmental Ativities Debt Asf June 3, 213 Table XIII Debt Gvernmental Unit Outstandg Rapides Parish Plie Jury Publi Imprvement 58, Rad Distrits 383, Fire Prtet 121, General Obligat Bnd, Rapides Parish Cliseum 23,, Subttal, verlappg debt 23,562, Rapides Parish Shl Bard 86,556, Ttal Diret and Overlappg Debt 11,118. Sure: Statement f Cndit Rapides Parish Rapides Parish Plie Jury, Auntg Department 19

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115 Rapides Parish Shl Bard Demgraphi Statistis Last Ten Years Table XV Year Ppulat (1) 132, , , ,11 132,732 13,829 13, , ,35 127,184 Per Capita Inme (1) 4,47 4,658 38,872 35,189 32,687 31,977 3,23 28,55 26,934 26,827 Publi Shl Enrllment (2) 23,988 23,969 23,737 23,636 23,535 23,128 23,515 23,597 22,76 22,589 Unemplyment Rate (3) Sures: (1) and are estimated (2) Student Infrmat System (SIS) End f Year Reprt (3) Offie f Oupatal Infrmat Servies, Civilian Labr Fre, June

116 Rapides Parish Shl Bard Pripai Emplyers Parish f Rapides Current Year and Ne Years Ag Table XVI Name f Emplyer Rapides Parish Shl Bard Type f Busess Eduat Apprximate Number f Emplyees 3, Perentage Apprximate f Ttal Number f Rankg Emplyment Emplyees Rankg ,3 1 Perentage f Ttal Emplyment 6.12 Christus St. Franis Cabri Hspital Medial 1, , Rapides Regal Medial Center Medial 1, , Veterans Affairs Medial Center Medial 1, Perest State Shl Medial 1, , WalMart Stres/Sam's Club Retail 1, City f Alexandria City Gvernment Central La. Eletri C. Eletri Cmpany Crest Industries Eletrial Equip UTLX Manufaturg Railrad Equip Mfg Huey P. Lng Medial Center Medial Central La. State Hspital Medial Sure; Central Luisiana Chamber f Cmmere 112

117 Rapides Parish Shl Bard Fulltime Equivalent (FTE) Emplyees Last Ten Fisal Years June 3, 24 thrugh 213 Funtal Gruas A. Instrutal: Supervisg Instrutrs Classrm Teahers Regular Prgrams Classrm Teahers Speial Eduat Classrm Teahers Vatal Eduat Classrm Teahers Other Instrutal Prgrams Classrm Teahers Speial Prgrams Classrm Teahers Adult/Cntug Ed. Prgrams Classrm Teahers ROTC Instmtrs 1 1, , , , , , , , , , Ttal Classrm Teahers 1,655 1,623 1,68 1,697 1,686 1,699 1,675 1,651 1,577 1,583 Therapist/Speialist/Cunselr Instnilal Prgrams Sabbatial Leave Instrutal Prgrams Ttal Certifiated Instrutal Prgrams 1,677 1,643 1,694 1,713 1,73 1,739 1,712 1,75 1,622 1,625 B. Instrutal Supprt: Supervisrs Instrutal Supprt Funts Librarians/Mediabased Teahers/Staff Instrutrs Instr. Spt. Therapist/Speialist/Cunselr Instrutal Supprt Funts Sabbatial Leave Instrutal Supprt Funts Ttal Certifiated Instrutal Supprt C. Supprt Servies: Supertendents Assistant/Assiate/Deputy Supertendents Shl Pripals Shl Assistant Pripals Other Shl Admistratrs NnClassrm Teahers Supprt Servies Sabbatial Leave Supprt Servies Ttal Certifiated Supprt Servies Ttal Certifiated 1,975 1,943 1,997 2,21 2,5 2,5 1,977 1,947 1,865 1,876 A. Instrutal: Aide Instrutal Prgrams Ttal NnCertifiated Instrutal Prgrams B. Instrutal Supprt: Supen/isrs Instrutal Supprt Funts Therapist/Speialist/Cunselr Instrutal Supprt Funts Clerial/Seretarial Instmtal Supprt Funts " Aide Instmtal Supprt Funts " Sen/ie Wrker Instrutal Supprt Funts Skilled Craftsman Instrutal Supprt Funts Degreed Prfessal Instrutal Supprt Funts Other Persnnel Instrutal Supprt Funts Ttal NnCertifiated Instmtal Supprt C. Supprt Servies: Supervisrs/Managers/Admistratrs Supprt Servies Clerial/Seretarial Supprt Servies Aide Supprt Servies Servie Wrker Supprt Servies Skilled Craftsman Supprt Servies Degreed Prfessal Supprt Servies Other Persnnel Supprt Servies Ttal NnCertifiated Supprt Servies Ttal NnCertifiated 1,31 1,298 1,363 1,385 1,41 1,46 1,376 1,349 1,314 1,377 Ttal Regular Emplyees {Certifiated and NnCertifiated) 3,276 3,241 3,36 3,46 3,46 3,411 3,353 3,296 3,179 3,253 Shl Bard Member Ttal Other Reprted Persnnel Grand rtal 3,285 3,25 3,369 3,415 3,415 3,42 3,362 ""3,351 3,188 3,262 ** Nte: Change was due t relassifiat requirement frm LAUGH Handguide. Sure: Luisiana Department f Eduat PEP Reprt Otber

118 » <2 C TO Q. O TJ )? = 5 OS = O 3 tt O I ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^pnrrqmpq iridcncdttntbjdr^ r^ g^'s'^.oo 'sr^ii^ot^rsit^ 9 g 3 n r^^.^^d>bi^t^i^r^ Q. <s IE It n ( s 5. TO<D<D'C«DC'* CN CN TT * * <N r r CDTir^DTrtDT ^mt^<3>ot^t NTrDTrD OTTTri^DT^m j)_ t^ t ') TT J> _ ^>>>)>l^l^ s D IO 8 CN O CN r" CN CN ra ffl 5 <«tfl OL O ) ^ Q Jj ) a y «= fe a.. i n SS CnO'tTTTO) tnooocncn^cd r^csc^botlrimt^ T gi?: gj UJ OOCNCDO 1 '^r't'^^ Ifl ) Om'SCvlh ) " O)" OJ r." CN " " " CD CNCNOt^a)CJ)'<T CD <3> CN T CN CI>_ n r" " r>" " r" h" >" T' " I vj OCJ>OOr^ CNCNCNCNCN^'"' UJ lootti^r TTJOJCDMTCD T T r r r O * )))>>)r^r^r^r^ MC3>TrTm* OJCDOOJOOI^ "aiotrm^^r^rm <" h" j>" " O " " ir>" " O" m»r^mo>>ot <J CN CN _ O ^ "l <«_ O " CD" " ^." vi r^ us *" " *" TTTTT tncncnmi^.r C^ irmmr^dcj) CDCNiOJOOO j)c35r^d^mr^i " " " " ' r" " ri i " rmt>h>.<i<s O O O O O O O O O O MCNMCN CSI s CN " 3 a. E ) ^ r WW W TJ 1 tl LU Q a LU, StO 111 LU LL t «<.«O O T3 III *" 2w>2 11 i ^ ^ w Q: r 114

119 Rapides Parish Shl Bard Teaher Base Salaries Last Ten Fisal Years Table XIX Fisal Year Mimum Salary* 35,928 35,928 35,928 35,928 35,928 34,696 31,321 28,833 28,69 27,91 Maximum Salary* 49,42 49,42 49,42 49,42 49,42 47,81 44,435 41,947 41,723 41,24 Rapides Parish Average Salary** 44, 41,853 42,86 44,557 41,82 43,954 4,856 37,861 36,939 35,84 Statewide Average Salary** 47,643 47,87 47,949 48,25 46,878 46,26 42,48 39,218 38,439 37,288 Sures: * Distrit rerds ** State Department f Eduat 115

120 Rapides Parish Shl Bard Shl Buildg Infrmat Last Ten Fisal Years Table XX (Cntued) Shl Aadian Elementary Square feet Capaity Enrllment Aiken Optal/Mtivatal Square feet Capaity Enrllment Alexandria Middle Magnet Square feet Capaity Enrllment Alexandria Sr High Square feet Capaity Enrllment Alma Redwe Elementary Square feet Capaity Enrllment Arthur F Smith Middle Square feet Capaity Enrllment Ball Elementary Square feet Capaity Enrllment Bltn High Square feet Capaity Enrllment Brame Middle Shl Square feet Capaity Enrllment Bukeye Elementary Square feet Capaity Enrllment Bukeye High Shl Square feet Capaity Enrllment C C Raymnd Jr High Square feet Capaity Enrllment Carle Dmian Jr High Square feet Capaity Enrllment Cherkee Elementary Square feet Capaity Enrllment D F Huddle Elementary Square feet Capaity Enrllment Hadnt/Hayes Elementary (E C Hayes) Square feet Capaity Enrllment Frest Hill Elementary Square feel Capaity Enrllment Glenmra Elementary Square feet Capaity Enrllment Glenmra High Shl Square feet Capaity Enrllment H R Lawrene Square feet Capaity Enrllment 213" 5, , , ,16 1,39 1,163 5, , , , ,396 1, , ,117 1,153 1,15 61, , , , , , , , , " 5, , , ,16 1,229 1,17 5, , , , , , ,117 1,127 1,9 61, , , , , , , , " 51, , , ,16 1,182 1,53 5, , , , , , ,677 1, , , , , , , , , " 51, , , , , , , , , , , , , , , , , , , " 51, , , , , , , , , , , , , , , , , , , " 5, , , , , , , , , , , , , , , , , , , * , , , ,12 28, , , , , , , , , , , , , , " 5, , , , ,46 28, , , , , , , , , , , , , , , " 5, , , , , , , , , , , , , , , _ 42, , , , " 5, , , , ,5 28, , , , , , , , , , , , , , ,

121 Rapides Parish Shl Bard Shl Buildg Infrmat Last Ten Fisal Years Shl Hrseshe Drive Elementary Square feet Capaity Enrllment J 1 Bann Elementary Square feet Capaity Enrllment J S Slum Elementary Square feet Capaity Enrllment Julius Patrik Elementary Square feet Capaity Enrllment LS Rugg Elementary Square feet Capaity Enrllment Lessie Mre Square feet Capaity Enrllment Mabel Brasher Elementary Square feet Capaity Enrllment 213" 53, , , , , , " 53, , , , , , " 53, , , , , , " 53, , , , , , , , , Mart Park Elementary (Under Cnstmt FY213 Referene Lead Center fr FY213 Data) Square feet Capaity Enrllment Mary Gff Elementary Square feet Capaity Enrllment Nahman Elementary Square feet Capaity Enrllment Nrth Bayu Elementary Square feet Capaity Enrllment Nrthwd High Shl Square feet Capaity Enrllment Oak Hill Elem & High Shl Square feet Capaity Enrllment Paradise Elementary Square feet Capaity Enrllment Peabdy Magnet High Square feet Capaity Enrllment Peabdy Mntessri Elementary Square feet Capaity Enrllment Phenix Magnet Elementary Square feet Capaity Enrllment Peville Elementary Square feet Capaity Enrllment Peville High Shl Square feet Capaity Enrllment Peville Jr High Square feet Capaity Enrllment 53,414 57, , , , , , , , , , ,218 1,455 1, , , , , , , , , , , , , ,218 1,361 1,25 121, , , , , , , , , , , , ,218 1,311 1, , , , , , , , , , , , , ,218 1, , " 53, , , , , , , , , , , , , , , , , ,218 1,13 1,73 121, " 53, , , , , , , , , , , , , , , , , , ,218 1,13 1,42 121, * 47, , , , , , , , , , , , , , , , , , ,31 1,13 1,12 78, " 52, , , , , , , , , , , , , , , , , , ,31 1,13 1,14 92, " 52, , , , , , , , , , , , , , , , , , ,31 1, , " 52, , , , , , , , , , , , , , , , , , ,31 1,13 1,5 92,

122 Rapides Parish Shl Bard Shl Buildg Infrmat Last Ten Fisal Years Shl Plaview High Shl Square feet Capaity Enrllment Pland Jr. High Square feet Capaity Enrllment Rapides High Shl Square feet Capaity Enrllment Rapides Mtivatal/Aiken Optal Square feet Capaity Enrllment Rsenthal Elementary Square feet Capaity Enrllment Ruby Wise Elementary Square feet Capaity Enrllment Tiga Elementary Square feet Capaity Enrllment Tiga High Shl Square feet Capaity Enrllment Tiga Jr High Square feet Capaity Enrllment WO Hall Square feet Capaity Enrllment 213" 56, , , , , , , , , " 56, , , , , , , , , " 56, , , , , , , , , " 56, , , , , , ,981 1, , , Lead Center/Fd Servie (Walter Hadnt Elementary) (Mart Parte Lat FY213) Square feet Capaity Enrllment 43, , , , " 56, , , , , , ,981 1, , , , " 56, , , , , , , ,981 1, , , , * 46, , , , , , , ,946 1, , , , " 56, , , , , , ,981 1, , , , " 56, , , , , , , ,981 1, , , , " 56, , , , , , ,981 1, , , , Des nt lude vered walkways and prtables " Inludes vered walkways and prtables Sure: Rapides Parish Matenane Department Nte: Oupany/Capaity fr FY213 was updated based n frmat btaed frm the Rapides Parish Matenane Department. 118

123 Rapides Parish Shl Bard Alexandria, Luisiana June 3, 213

124 Rapides Parish Shl Bard Alexandria, Luisiana June 3, 213 Table f Cntents Other Reprts Required by Gvernment Auditg Standards and OMB Cirular A133 Independent Auditr's Reprt n Internal Cntrl Over Fanial Reprtg and n Cmpliane and Other Matters Based n an Audit f Fanial Statements Perfrmed Ardane with Gvernment Auditg Standards_ 12 Independent Auditr's Reprt n Cmpliane with Requirements That Culd Have a Diret and Material Effet n Eah Majr Prgram and n Internal Cntrl Over Cmpliane Ardane with OMB Cirular A Shedule f Expenditures f Federal Awards 67 Shedule f Fdgs and Quested Csts 813 Management's Crretive At Plan 1415 Management's Summary Shedule f Prir Audit Fdgs 16 Page

125 PAYNE, MOORE & HERRINGTON. LLP [[RTIFIEDPOIILICACUIIUIITS Established 1945 Independent Auditr's Reprt n Internal Cntrl Over Fanial Reprtg and n Cmpliane and Other Matters Based n an Audit f Fanial Statements Perfrmed Ardane with Gvernment Auditg Standards Rapides Parish Shl Bard Alexandria. Luisiana We have audited, ardane with the auditg standards generally aepted the United States f Ameria and the standards appliable t fanial audits ntaed Gvernment Auditg Standards issued by the Cmptrller General f the United States, the fanial statements f the gvernmental ativities, eah majr fund, and the aggregate remag fund frmat f Rapides Parish Shl Bard, as f and fr the year ended June 3, 213, and the related ntes t the fanial statements, whih lletively mprise Rapides Parish Shl Bard's basi fanial statements, and have issued ur reprt theren dated Deember 5, 213. Internal Cntrl Over Fanial Reprtg In planng and perfrmg ur audit f the fanial statements, we nsidered Rapides Parish Shl Bard's ternal ntrl ver fanial reprtg (ternal ntrl) t determe the audit predures that are apprpriate the irumstanes fr the purpse f expressg ur ps n the fanial statements, but nt fr the purpse f expressg an p n the effetiveness f Rapides Parish Shl Bard's ternal ntrl. Ardgly, we d nt express an p n the effetiveness f Rapides Parish Shl Bard's ternal ntrl. Our nsiderat f ternal ntrl was fr the limited purpse desribed the preedg paragraph and was nt designed t identify all defiienies ternal ntrl that might be material weaknesses r signifiant defiienies and therefre, material weaknesses r signifiant defiienies may exist that were nt identified. Hwever, as desribed the ampanyg shedule f fdgs and quested sts, we identified erta defiienies ternal ntrl that we nsider t be material weaknesses and signifiant defiienies. A defiieny ternal ntrl exists when the design r perat f a ntrl des nt allw management r emplyees, the nrmal urse f perfrmg their assigned funts, t prevent, r detet and rret, misstatements n a timely basis. A material weaf^ness is a defiieny, r a mbat f defiienies, ternal ntrl, suh that there is a reasnable pssibility that a material misstatement f the entity's fanial statements will nt be prevented, r deteted and rreted n a timely basis. We nsider the fllwg defiienies desribed the ampanyg shedule f fdgs and quested sts t be material weaknesses: Fdg 2131.!VlllvDm, Pi CINDY [JuHPHita CPU. 1 aebem B. HB(m. m. HEW (. DUII.. i^ts HEIIIO um M. H HiHEi uma. m. mm G. IMIOH.. ^ mnum. [\ imnu an. *> PH: {31BH4MBII3 f*x: (316)

126 *II PAYNE MOORE & HERRINGTON. LLP Rapides Parish Shl Bard Alexandria, Luisiana A signifiant defiieny is a defiieny, r a mbat f defiienies, ternal ntrl that is less severe than a material weakness, yet imprtant enugh t merit attent by thse harged with gvernane. We nsider the fllwg defiienies desribed the ampanyg shedule f fdgs and quested sts t be signifiant defiienies: Fdg Cmpliane and Other Matters As part f btag reasnable assurane abut whether Rapides Parish Shl Bard's fanial statements are free frm material misstatement, we perfrmed tests f its mpliane with erta prviss f laws, regulats, ntrats, and grant agreements, nnmpliane with whih uld have a diret and materia! effet n the determat f fanial statement amunts. Hwever, prvidg an p n mpliane with thse prviss was nt an bjetive f ur audit, and ardgly, we d nt express suh an p. The results f ur tests dislsed n stanes f nnmpliane r ther matters that are required t be reprted under Gvernment Auditg Standards. Rapides Parish Shl Bard's Respnse t Fdgs Rapides Parish Shl Bard's respnse t the fdgs identified ur audit is desribed the ampanyg shedule f fdgs and quested sts. Rapides Parish Shl Bard's respnse was nt subjeted t the auditg predures applied the audit f the fanial statements and, ardgly, we express n p n it. Purpse f this Reprt The purpse f this reprt is slely t desribe the spe f ur testg f ternal ntrl and mpliane and the results f that testg, and nt t prvide an p n the effetiveness f the entity's ternal ntrl r n mpliane. This reprt is an tegral part f an audit perfrmed ardane with Gvernment Auditg Standards nsiderg the entity's ternal ntrl and mpliane. Ardgly, this mmuniat is nt suitable fr any ther purpse. P^ L^^ Alwv ^ IMA\K^.jdi^j ^^^ Certified Publi Auntants Alexandria, Luisiana Deembers, 213

127 PAYNE MOORE & HERRINGTON. LLP [ERTIFIEDPUBllCACyNTAIlIS Established 1945 Independent Auditr's Reprt n Cmpliane fr Eah Majr Prgram and n Internal Cntrl Over Cmpliane Required by OMB Cirular A133 Rapides Parish Shl Bard Alexandria, Luisiana Reprt n Cmpliane fr Eah Majr Federal Prgram We have audited Rapides Parish Shl Bard's mpliane with the types f mpliane requirements desribed the OMB Cirular A133 Cmpliane Supplement that uld have a diret and material effet n eah f Rapides Parish Shl Bard's majr federal prgrams fr the year ended June 3, 213. Rapides Parish Shl Bard's majr federal prgrams are identified the summary f auditr's results set f the ampanyg shedule f fdgs and quested sts. Management's RespnsibiUty Management is respnsible fr mpliane with the requirements f laws, regulats, ntrats, and grants appliable t its federal prgrams. Auditr's Respnsibility Our respnsibility is t express an p n mpliane fr eah f Rapides Parish Shl Bard's majr federal prgrams based n ur audit f the types f mpliane requirements referred t abve. We nduted ur audit f mpliane ardane with auditg standards generally aepted the United States f Ameria; the standards appliable t fanial audits ntaed Gvernment Auditg Standards, issued by the Cmptrller General f the United States; and OMB Cirular A133, Audits f States, Lal Gvernments, and NnPrfit Organizats. Thse standards and OMB Cirular A133 require that we plan and perfrm the audit t bta reasnable assurane abut whether nnmpliane with the types f mpliane requirements referred t abve that uld have a diret and material effet n a majr federal prgram urred. An audit ludes examg, n a test basis, evidene abut Rapides Parish Shl Bard's mpliane with thse requirements and perfrmg suh ther predures as we nsidered neessary the irumstanes. We believe that ur audit prvides a reasnable basis fr ur p n mpliane fr eah majr federal prgram. Hwever, ur audit des nt prvide a legal determat f Rapides Parish Shl Bard's mpliane. [ w. vmi, m. [may I mimphiifs. [.P.i.mm.m. D(8fliiHnu.m, 3 m mn urn p,. m niu Mull I. ]limi. il.p.l REBECCA G. NilllDli. IH. ^ JllEXtHDIIIJI, ik imnu [yelylll!fllemw.c.n, *> PH: I3IB) 4431B33 F*X: (311)

128 'H PAYNE MOORE & HERRINGTON, LLP Rapides Parish Shl Bard Alexandria, Luisiana Op n Eah Majr Federal Prgram In ur p, Rapides Parish Shl Bard mplied, all material respets, with the types f mpliane requirements referred t abve that uld have a diret and material effet n eah f its majr federal prgrams fr the year ended June 3, 213. Reprt n Internal Cntrl Over Cmpliane Management f Rapides Parish Shl Bard is respnsible fr establishg and matag effetive ternal ntrl ver mpliane with the types f mpliane requirements referred t abve. In planng and perfrmg ur audit f mpliane, we nsidered Rapides Parish Shl Bard's ternal ntrl ver mpliane with the types f requirements that uld have a diret and material effet n eah majr federal prgram t determe the auditg predures that are apprpriate the irumstanes fr the purpse f expressg an p n mpliane fr eah majr federal prgram and t test and reprt n ternal ntrl ver mpliane ardane with OMB Cirular A133, but nt fr the purpse f expressg an p n the effetiveness f ternal ntrl ver mpliane. Ardgly, we d nt express an p n the effetiveness f Rapides Parish Shl Bard's ternal ntrl ver mpliane. A defiieny ternal ntrl ver mpliane exists when the design r perat f a ntrl ver mpliane des nt allw management r emplyees, the nrmal urse f perfrmg their assigned funts, t prevent, r detet and rret, nnmpliane with a type f mpliane requirement f a federal prgram n a timely basis. A material weakness Internal ntrl ver mpliane is a defiieny, r mbat f defiienies, ternal ntrl ver mpliane, suh that there is a reasnable pssibility that material nnmpliane with a type f mpliane requirement f a federal prgram will nt be prevented, r deteted and rreted, n a timely basis. A signifiant defiieny ternal ntrl ver mpliane is a defiieny, r a mbat f defiienies, ternal ntrl ver mpliane with a type f mpliane requirement f a federal prgram that is less severe than a material weakness ternal ntrl ver mpliane, yet imprtant enugh t merit attent by thse harged with gvernane. Our nsiderat f ternal ntrl ver mpliane was fr the limited purpse desribed the first paragraph f this set and was nt designed t identify all defiienies ternal ntrl ver mpliane that might be material weaknesses r signifiant defiienies. We did nt identify any defiienies ternal ntrl ver mpliane that we nsider t be material weaknesses. Hwever, material weaknesses may exist that have nt been identified.

129 *H PAYNE. MOORE & HERRINGTON. LLP Rapides Parish Shl Bard Alexandria, Luisiana The purpse f this reprt n ternal ntrl ver mpliane is slely t desribe the spe f ur testg f ternal ntrl ver mpliane and the results f that testg based n the requirements f OMB Cirular A133. Ardgly, this reprt is nt suitable fr any ther purpse. Reprt n Shedulef Expenditures f Federal Awards Required by OMB Cirular A133 We have audited the fanial statements f the gvernmental ativities, eah majr fund, and the aggregate remag fund frmat f Rapides Parish Shl Bard, as f and fr the year ended June 3, 213, and the related ntes t the fanial statements, whih lletively mprise Rapides Parish Shl Bard's basi fania! statements. We issued ur reprt theren dated Deember 5, 213, whih ntaed unmdified ps n thse fanial statements. Our audit was nduted fr the purpse f frmg ps n the fanial statements that lletively mprise the basi fanial statements. The ampanyg shedule f expenditures f federal awards is presented fr purpses f addital analysis as required by OMB Cirular A133 and is nt a required part f the basi fanial statements. Suh frmat is the respnsibility f management and was derived frm and relates diretly t the underlyg auntg and ther rerds used t prepare the basi fanial statements. The frmat has been subjeted t the auditg predures applied the audit f the fanial statements and erta addital predures, ludg mparg and renilg suh frmat diretly t the underlyg auntg and ther rerds used t prepare the basi fanial statements r t the basi fanial statements themselves, and ther addital predures ardane with auditg standards generally aepted the United States f Ameria. In ur p, the shedule f expenditures f federal awards is fairly stated all material respets relat t the basi fanial statements as a whle. Pa^^ A)^^ ^. ^ j ^ Certified Publi Auntants Alexandria, Luisiana Deembers, 213

130 Rapides Parish Shl Bard Alexandria, Luisiana Shedule f Expenditures f Federal Awards Year Ended June 3, 213 Federal Grantr/ PassThrugh Grantr/ Prgram Name CFDA Number Passthrugh Grant Number Expenditures United states Department f Agriulture Passed thrugh Luisiana Department f Eduat Shl Breakfast Prgram Natal Shl Lun;h Prgram Summer Fd Servie Prgram fr Children Fresh Fruit and Vegetable Prgram Passed thrugh Luisiana Department f Agriulture and Frestry Fd Distribut Cluster Passed thrugh Luisiana Department f Treasury Shls and Reads Grants t States Ttal United States Department f Agriulture N/A N/A N/A N/A N/A N/A N/A 2, , ,994 6,58, ,484 18, , ,24 1,8.182 United States Department f Defense Diret Assistane Air Fre Junir Offiers Trag Crps Army Junir Offiers Trag Crps Mares Junir Offiers Trag Crps Ttel United States Department f Defense 12, N/A N/A N/A 58, ,86 71,88 388,593 United States Department f Husg and Urban Develpment Passed thrugh Luisiana Department f Eduat Cmmunity Develpment Blk Grante Ttel United Stetes Department f Husg and Urban Develpment ,635,575 1,635,575 United States Department f Eduat Diret Assistane Indian Eduat Grante t L:al Edu:atal Agenies Passed thrugh Luisiana Department f Eduat Title I Grante t Lal Eduatal Agenies 84.1 N/A 2812T TC4 2811TA4 7, ,879 14,931 16,581 8,82,962 Migrant Eduat State Grant Prgram Speial Eduat Grante t States Preshl Grants M M M IB4 2813B PA4 2813P14 37,4 38,1 77,94 3, 5,263,177 66, , ,188 Career and Tehnial Eduat Basi Grante t States Eduat tr Hmeless Children and Yuth H H14 1,52 7,211 39, Advaned Plaement Prgram English Language Aquisit Grante Imprvg Teaher Quality State Grante Ttal United Stetes Deparfrnent f Eduat ,254 84,798 1, ,681,333 (Cntued) 6

131 Rapides Parish Shl Bard Alexandria, Luisiana Shedule f Expenditures f Federal Awards Year Ended June 3, 213 Federal Grantr/ PassThrugh Grantr/ Prgram Name CFDA Number Passthrugh Grant Number Expenditures United States Department f Health and Human Servies Passed thrugh Luisiana Department f Sial Servies and Luisiana State University Temprary Assistane fr Needy Families Ttal United Stetes Department f Health and Human Servies JS4 773,931 5, , ,645 Ttal Expenditures f Federal Awards 28,61,328 Ntes: The shedule f expenditures f federal awards Vi'as prepared n the mdified axirual basis f auntg. Nte 1 t the fanial statements prvides addital frmat relative t the Rapides Parish Shl Bard's a^untg pliies. N federal funds were awarded t subreipiente durg the year ended June 3, 213. See Independent Auditr's Reprt n Cmpliane fr Eah Majr Prgram and n Internal Cntrl Over Cmpliane Required by OMB Cirular A133.

132 Rapides Parish Shl Bard Alexandria, Luisiana Shedule f Fdgs and Quested Csts Year Ended June 3, 213 Set I Summary f Auditr's Results Fanial Statements Type f auditr's reprt issued: Unmdified Internal ntrl ver fanial reprtg: Material weaknesses identified? Signifiant defiienies identified nt nsidered t be material weaknesses? X X Yes Yes N Nne Reprted Nnmpliane material t fanial statements nted? Management's Crretive At Plan Management's Summary Shedule f Prir Audit Fdgs Memrandum f Remmendats and Other Cmments Yes X N See Attahed See Attahed Nne Issued Federal Awards Internal ntrl ver majr prgrams: Material weaknesses identified? Signifiant defiienies identified nt nsidered t be material weaknesses? Type f auditr's reprt issued n mpliane with majr prgrams: Unmdified Yes X N Yes X Nne Reprted Any audit fdgs dislsed that are required t be reprted ardane with Cirular A133, Set 51(a)? Yes X N

133 Rapides Parish Shl Bard Alexandria, Luisiana Shedule f Fdgs and Quested Csts Year Ended June 3, 213 Identifiat f majr prgrams: CFDA Numbers Name f Federal Prgram r Cluster 84.1 Title I Cluster Speial Eduat Cluster Imprvg Teaher Quality State Grants Dllar threshld used t distguish between Type A and Type B prgrams: 858,31 Auditee qualified as lwrisk auditee? Yes x N Set II Fanial Statement Fdgs Fdg 2131: Misapprpriat f Shl Funds Criteria: The Shl Ativity Funds Pliies and Predures Manual f the Rapides Parish Shl Bard prvides detailed predures fr bankg, reeipts, and expenditures. Cndit and Cntext: Durg August 213, shl management disvered that the seretary at Bltn High Shl, lated Alexandria, Luisiana, wh was respnsible fr makg depsits, was misapprpriatg shl funds when the bard's ternal shl auditr was perfrmg a speified predure review f the shl's fanial standg subsequent t its lsg. The results f the predural review fund that the seretary was stealg ash llets. Varius Bard pliies and predures relatg t llets were nt beg fllwed, weakeng the ternal ntrls ver ash. The ident at Bltn High Shl resulted a lss f 45,95.65, misapprpriated with an eighteen mnth span. This ase has been turned ver t the Rapides Parish Distrit Attrney's ffie fr the itiat f prseut. Typially, a restitut rder is part f any sentene the event an dividual pleads r is fund guilty f a misapprpriat f publi funds. As f the date this reprt was issued, the seretary has restitut payments f 41, Remmendat: Shls need t be mandated and mtivated t fllw the pliies and predures utled the Shl Bard's Shl Ativity Funds manual. Disiplary ats shuld be utled fr failure t uphld the utled pliies and predures. Annual refresher wrkshps shuld be prvided fr all pripals and seretaries, with extended trag prgrams fr newly assigned shl persnnel. The Bard might nsider mre handsn trag sesss fr these persnnel. All pripals shuld pen, review, and sign the bank statements befre releasg them t the seretary. The pripals shuld review the bank statements fr depsits, hek signatures and payees, and endg ash balanes. The pripals shuld als review and itial the bank reniliats they shuld review fr utstandg depsits, utstandg heks, and any ther renilg items. The ternal shl auditr shuld perfrm her shl audits n the mst reent mpleted semester f a shl s issues an be identified timely.

134 Rapides Parish Shl Bard Alexandria, Luisiana Shedule f Fdgs and Quested Csts Year Ended June 3, 213 Management's respnse: See Management's Crretive At Plan. Fdg 2132: Inadequate Cntrl f Shl Ativity Funds Criteria: The bjetive f ternal ntrls is t prvide management with reasnable assurane that assets are safeguarded agast lss, and that transats are exeuted ardane with management's authrizat and rerded prperiy. The Shl Ativity Funds Pliies and Predures Manual f the Rapides Parish Shl Bard prvides detailed predures fr bankg, reeipts, and expenditures. In addit, ardane with Luisiana law, gvernment entities are prhibited frm payg sales tax n purhases made. Cndit and Cntext: Three shls were tested fr their mpliane with the Shl Ativity Funds Pliies and Predures Manual fr the fisal year ended June 3, 213. All three shls were fund t be nnmpliant with a few f the Shl Bard's pliies and predures. The fllwg is a brief desript f the fdgs nted while testg samples f transats at the respetive shl lats: 1) Alma Redwe Elementary Tw ut f twentyseven reeipts had supprtg dumentat that did nt math the depsit slip. Six ut f the thirtyfive Teaher Daily Depsit Slips did nt have teaher signatures. Three f the frty disbursements tested did nt have an vie attahed as supprtg dumentat, whih prhibited us frm determg whether r nt the purhase rder was apprved prir t the purhase date r if sales tax was paid. Twentyfive f the frty purhase rders were dated after the date f purhase. Tw purhases fr the benefit f teahers were paid ut f the General Fund. The givg f gifts is stritly prhibited ut f the General Fund. Canteen Inventry Slips were nt beg mataed fr the shl year. They were als nt prvided t the bard's ternal shl auditr fr the shl year. All tested Fundraisg Reniliat Reprts were rretly mpleted and did nt agree with the amunt f mney raised fr the urrent year. 2) Alexandria Senir High Shl Six f the eight reeipts tested were nt depsited a timely manner. The seretary was makg depsits at least weekly. Fur f the frty disbursements tested did nt have an vie attahed as supprtg dumentat. Seven f the frty purhase rders were dated after the date f purhase. Numbered blank hek stk was beg stred n tp f a filg abet the seretary's ffie, whih is a high traffi area. Mnthly Canteen Inventry Sheets were nt signed ff as reviewed by the pripal. Only ne unter signature was n the Teaher Daily Depsit Slip turned by the anteen eah day. 1

135 Rapides Parish Shl Bard Alexandria, Luisiana Shedule f Fdgs and Quested Csts Year Ended June 3, 213 Fundraisg tests uld nt be perfrmed due t the fundraisg supprt beg misplaed durg an ffie mve befre the shl year began. There are tw ngg fraud vestigats. The shl bard is vestigatg the Sftball prgram fr the year. The Sftball ah was nt fllwg shl predure fr lletg and turng mney. ASH Trjan Club, a nnprfit rprat, was hstg mmerial Bg games under the haritable Bg Law. Apprximately a year ag, allegats nerng misappliat and/r misapprpriat f funds aumulated by the Club, but dediated t the ASH athleti prgram, surfaed. A rimal vestigat is ngg by detetives f the Alexandria Plie Department. 3) Bltn High Shl Almst 1 f the reeipts tested were held lnger than 3/4 days befre depsitg. Untimely depsits were a regular urrene, mst beg held 89 mnths. Sme Teaher Daily Depsit Slips were held by teahers and nt turned n a daily basis. The atual number annt be determed due the seretary hldg depsits. Three f the twelve fundraisers tested did nt have the date that the pripal signed the apprval frm. Three f the twelve fundraisers' fal reprt did nt ft r were imprperiy filled ut. The pripal was nt peng and reviewg the bank statements. There was an ident f theft durg the shl year vlvg a student. The student stle the mney fr game tikets that was nt prperly plaed the shl safe after a game. The student was identified by the seurity ameras and the mney was revered. 4) All Shls The fllwg items were fund by the bard's ternal shl auditr durg the year. The ternal shl auditr disvered that the pripal at Julius Patrik Elementary was usg a signature stamp t sign purhase rders. The fllwg fdgs are nsistently nted at all shls and ntue t be a prblem: Eighteen f the twentythree shls visited were written up fr imprper fundraisg dumentat. Fundraisers ntue t be a prblem with all shls. It is remmended that the fundraisg frms and pliy be revamped and addital trag this area be perfrmed. Twelve f the twentythree shls visited did nt have the signature f the persn reeivg the item n the vie r pakg slip. Five f the twentythree shls visited had purhase rders that were nt apprved prir t purhasg the items. Fur f the twentythree shls visited had purhases ver 3, that were nt apprved by the Deputy Assistant Supertendent f Curriulum per bard pliy. 11