7ooci(~r p(ow s!ors o~ st?,te report i<.~ a p~.;l,!i,.: d~.c~!:~<v.;.!~,t. A COpy 07!}q:~:r".:i.,:~!!i'i" i:~:',;'~~;~!!3t;'~itof;ick,'.:..

Transcription

1 O [IrlCIAL F IL+F. CO P+Y DO NOT ~ t~ otit CLAIBORN E VOLUN TA R Y COUNCIL ON A GIN G, IN C ANN UA L FINAN CIAL REP ORT JUN E 30, ooci(~r p(ow s!ors o~ st?,te I@w,~nl~ report i<.~ a p~.;l,!i,.: d~.c~!:~<v.;.!~,t. A COpy 07!}q:~:r".:i.,:~!!i'i" i:~:',;'~~;~!!3t;'~itof;ick,'.:.. "!!.:: ~:.,it~.}i~.!d~:,..or ptlblic i~':i,, ":;~ ~:'~ ~iir: i!l~torl [~otj?.o GI~~,'_;m ~{',2~e Lc~;+]{r~{-'~{\!o /',uditot c;i~d,t,<i;~;~t:.'-u 7~O7:~idle,;itthe) <)ffice ofthe p<~ b,h clork ofcouric ~,l~,ase Date DEC

2 CLAIBO RN E V O LUN TA RY COUN CIL ON A G IN G,IN C. TABLE OF CONTENTS (cont'd) Schedule P p~ge a FIN AN CIA L STA TEM EN TS O F IN DIV IDUA L FUN D S AN D ACCO U N T G ROU PS G eneralfunds- Com bining Balance Sheet Com bining Slatem enlof Revenues,Expenditures, and Changesin Fund Balances SpecialRevenue Funds- Com bining Balance Sheet Com bining Statem entof Revenues,Expenditures, and Changesin Fund Balances Schedule of Expenditures-Budgetand A ctual G eneralfixed A ssetsa ccountg roup - Statem entof Changesin G eneralfixed A ssets G enerallong-term D ebta ccountg roup - Statem entof G enerallong-term D ebt O thersupplem entary Inform ation - Schedule of Priority Sen,ices Schedule of Expendituresof FederalA w ards Com pensation to Board M em bers Schedule of Findingsand Questioned Costs Corrective A ction Plan Sum m ary Schedule of PriorA uditfindings

3 MICH EL W W ISE,C PA CARLOS E ~ m ~N C PA DAVID W,TINSLEY,C PA KRISTINE J ~ RPER C pa ~S KE~ CRAft,CPA JA M IESO N. W IS E & M A RTIN A PRO FESSIONA L ACCOUNTING CO RPORA'lION 601M A IN STREET P,O,BOX B97 M INDEN,LOU IStANA (31B) FAX (318) E.MA~L JW CW IDE NfT INDEPENDENT AUDITORS'REPORT WM.PZAflCE3AMIE$0N.C.pA (19911 ~E~BERS AMERICAN INSTITUTEOF CERTIFIED PUBLIC ACCOUNTANTS SOCIETY OF LOUISIANA C[R~IFI[b PUBLIC ACCOUNTANTS To the Board of D irectors C laiborne V oluntary Counciloo A ging,inc Hom er,louisiana W e have audited the accom panying generalpurpose fiuancialstatem entsof the Claibom e Voluntary Councilon A ging,inc.,asof and forthe ),earended June 30,1999,as listed in the table of contents. These generalpurpose financialstatem entsare the responsibility of the Claiborne Voluntary Councilon A ging, Inc.'s, m anagem ent.o ur responsibility is to express an opinion on these general purpose financialstatem entsbased on ouraudit. Exceptasdiscussed in the follow ing paragrapb,w e conducted ourauditin accordance w itb generally accepted auditing standardsand the sta udardsapplicable to financialauditscontained in Govermnent Auditing Standards,issued by tbe Com ptrollerg eneralof the United States~Those standards require thatw e plan and perform the auditto obtain reasonable assurance aboutw betherthe generalpurpose financialstatem ents are free of m aterialm isstatem ent.a n auditincludes exam ining,on a testbasis, evidence supporting the am ountsand disclosures in the generalpurpose financialstatem ents.a n audit also includesassessing the accounting principlesused and significantestim atesm ade by m anagem ent, asw ellasevaluating the overallgeneralpurpose financialstatem entpresentation. W e believe thatour auditprovidesa reasonable basisforouropinion. G overnm ental A ccounting Standards Board Technical Bulletin 98-1,D isclosures about )'ear 2000 lssues,requiresdisclosure of certain m atersregarding the Year2000 issue.the Claibom e Voluntary Councilon A ging,inc.hasincluded such disclosuresin N ote 17.Because of the unprecedented nature of the Year 2000 issue,its efects and the success of related rem ediatiou eforts w illnot be fully determinable untilthe 5'ear 2000 and thereafter.a ccordingly, insufficient audit evidence exists to supportthe Claiborne V olunta ry Councilon A ging,inc.'s disclosures w ith respectto tile Y ear 2000 issue m ade in N ote 17.Further,w e do notprovide assurance thattile Claiborne V oluntary Councilon A ging,inc.isorw illbe Y ear2000 ready,thatthe Claibom e V oluntary Councilon A ging,inc.'syear 2000 rem ediation efortsw illbe successfulin wbole orin part,orthatpartiesw ith which the Claibom e V oluntary Councilon A ging,inc.doesbusinessw illbe Y ear2000 ready. Inouropinion,exceptfortheefectsof such adjustments,ifany,asmighthavebeen determinedto be nece ssary had w e been able to exam ine evidence regarding Y ear2000 disclosures,the generalpurpose firancialstatem entsreferred to above presentfairly,in allm aterialrespects,the fnancialposition of the Claibom e Voluntary Councilon Aging,Inc.,asof June 30,1999,and the resultsof itsoperationsforthe yearthen ended in conform ity w ith generally accepted accounting principles.

4 In accordance w ith G overm nenta uditing Standards,w e have also issued a reportdated N ovem ber4, 1999,on ourconsideration of the Claiborne V oluntary Councilon A ging,ine.'s intern alcontrolover financialreporting and ourtestsof itscom pliance w ith law s,regulations,contactsand grants. Our auditw as conducted for tile purpose of form ing an opinion o1 tile generalpurpose financial statem entstaken asa whole.the com bining and individualfund and accountgroup financialstatem ents and scheduleslisted in file table of contentsare presented forpurposesof additionalanalysisand are not a required part of the generalpurpose financial statem ents of tile Claibom e V oluntary Councilon A ging,inc.the accom panying schedule of priority services and schedule of expenditures of federal aw ards are presented forpurposes of additionalanalysis and are nota required part of the general purposefinancialstatements.such information hasbeen subjecledto the auditing proceduresappliedin tle auditof the generalpurp ose financialstatem ents and, in our opinion, is fairly presented in all m aterialrespectsin relation to the generalpurp ose financialstatem entstaken asa w hole. I M inden,louisiana November4,1999

5 MICHAEL W W ISE C PA CARLOS E ~ R~IN,C pa DAVID W.IINSLEY.C PA KRISTINE J ~ RPER,C PA M KE~ C~ N C PA JA M IESO N.W ISE & M ARTIN A PROFESSIONAL ACCOUNTING CORPORATION 601MA IN STREET P.O.BOX 897 M INDEN,LOU ISfANA (318) FAX (318) E-MAPL JW CW IDE NET WM PEARCEJ&MIESON, C.PA (1991j MEMBERS AMERICAN INS~ITUI[OF C[RTIflED PUBLIC ACCOUNTANTS SOCIETY OF LOUISIANA CER'IIFIED PUBLIC ACCOUNtANTIS REPO RT ON COM PLIAN CE AN D ON IN TERN A L CON TRO L O V ER FIN A N CIA L REPORTIN G BA SED ON AN AU DIT O F FINAN CIAL STATEM EN TS PERFORM ED IN A CCORD AN CE W ITH G O VERNM EN TA UDITING STANDARD S To the Board of D irectors Claiborne Voluntary CouncilolA ging,inc H om er,louisiana W e have audited the generalpurpose financialstatem ents of tle Claiborne Voluntary Councilon A ging,lnc.as of and forthe year ended June 30, 1999,and have issued ourreportthereon dated N ovem ber 4, 1999,w hich w as qualified because insufficient auditevidence exists to supportthe Claiborue V oluntary Council oil A ging,lnc.'s disclosures w ith respect to the Y ear 2000 issue. Except as discussed in the preceding sentence,w e have conducted our audit in accordance w ith generally accepted auditing standards and the standards applicable to financialaudits contained in G overm nenta uditing Standards,issued by the Com ptrollerg eneralof the U nited States. Com pliance A s part of obtaining reasonable assurance about w hether Claiborne V oluntary Councilon A ging, lnc.'sgeneralpurpose financialstatem entsare free of m aterialm isstatem ent,we perform ed testsof itscom pliance w ith certain provisionsof law s,regulations,contractsand grants,norcom pliance with w hich could have a directand m aterialeffecton the determ ination of financialstatem entam ounts. However,providing an opirion on compliancewith thoseprovisionswasnotan objectiveofour auditand,accordingly,we do notexpress such an opinion. The results orourtests disclosed no instancesof noncom pliance thatare required to be reported undergovernm enta udithlg Standards. nterralcontrolo verfinancialredortinu In planning and perform ing ouraudit,w e considered C laiborne V oluntary CounciloilA ging,lnc.'s internalcontroloverfinancialreporting in orderto determ ine ourauditing proceduresforthe purpose of expressing ouropinion on the financialstatem ents and notto provide assurance oiltile inlerral controloverfinancialreporting. O urconsideration of the internalcontroloverfinancialreporting w ould notnecessarily disclose allm aters in the internalcontroloverfinancialreporting thatm ight be m aterialw eaknesses. A m aterialw eaknessisa condition in w hich tile design oroperation of one or m ore of the internalcontrolcom ponents does notreduce to a relatively low levelthe risk that m isstatem entsin am ountsthatw ould be m aterialin relation to tile financialstatem entsbeing audited m ay occur and not be detected w ithin a tim ely period by em ployees in tile norm al course of perform ing their assigned functions. W e noted no m atters involving the internal control over financialreporting and itsoperation thatw e considerto be m aterialw eaknesses.

6 This report is intended forthe inform ation of the board of directors,m anagem ent,the Louisiana G overnor's O ffice of Elderly A ffairs, and the Legislative A uditor of the State of Louisiana., H ow ever,thisreportisa m atterof public record and itsdistribution isnotlim ited. M inden,louisiana N ovem ber4,1999

7 G EN ERA L PURPO SE FIN AN CIA L STA TEM EN TS (COM BINED STATEM ENTS -OVERVIEW )

8

9 ExhibitB CLAIBORNE VOLUNTARY COUNCIL ON AGING,INC. COM BINED STATEM ENT OF REVENUES,EXPENDITURES AND CHAN GES IN FUN D BALANCE A LL GOV ERN M ENTAL FUN D TYPES YearEnded June30,1999 W ith Com parative Totalsforthe Y ear Ended June 30,1998 REVEN UES Intergovernm eota Public support Interest Contractservices M iscellaneous Totalrevenue General $ 22,879 1, ,145 28,116 Special Revelue 207,828 22,864 24,502 1,849 _ 257,043 Totals Memorandum Onb ,707 24, , , , ,281 6, ,813 EXPEN DITURES Current Salaries Fringe Travel Operating services Operating supplies Caterer-m eals O thercosts Debtservice -principal Debtservice -interest Capitaloutlay 8, ,864 10,086 7,667 49,818 12,953 52,671 9,459 6, ,864 10, , ,671 17,624 6, ,623 11,082 8,059 46,040 14,648 53,088 10,610 5, Totalexpenditures , ,415 Excess(deficiency)ofrevenues overexpenditures 19,071 (13,327) 5,744 45,758) OTIiER FINANCING SOURCES (USES) Operaling transfersin Operating transfersout Totalotherfinancing sources(uses) 37,128 (19.709) (17,419) (19,709) 19,709 37,128 (37,128) 47,283 (47,283) Excessof revenuesand othersources overexpendituresandotheruses (638) 6,382 5,744 (5,758) FUN D BALAN CES Beglnning ofyear 2,005 7,398 9,403 End ofyear $ 1,367 13,780 Theaccom panying notesare an integralpartof thisstatem ent

10 ExhibitC CLA1BORN E VO LUN TARY COUN CIL ON A GIN G,IN C. STA TEM EN T O F REV EN U ES,EX PEN DITU RES AN D CHA N G ES IN FUN D BA LAN CE BUDGET (GAAP BASIS)AND ACTUAL STA TE O F LO U ISIAN A A CT 735 YearEnded June 30,1999 V ariance Favorable REV EN UES lntergoverum enta $ 21,779 A ctua 21,779 (Unfavorable) Totalrevenues 21,779 21,779 EX PEN D ITU RES D iscretionary expenditures- Currentcosts Capitaloutlay Totalexpenditures 1, , ,070 2,070 Excessof revenuesoverexpenditures 19,709 19,709 O TH ER FIN A N CIN G U SES O perating transfersout Totalotherfinancing uses _ 09,709) (19,709. ) (19,709. ) (19,709. ) Excessof revenuesoverexpenditures and otheruses FUN D BA LAN CE Beginning of year End of year The accom panying notesare an integralpartof thisstatem ent.

11 ExhibitD CLAIBORN E VOLUN TARY COUNCIL ON AGING,IN C. COM BIN ED STATEM ENT OF REVENUES,EXPEN D ITURES AN D CHAN G ES IN FUN D BALAN CE BUDGET (GAAP BASIS)AND ACTUAL -SPECIAL REVENUE FUND TYPES YearEnded June REVEN UES lntergovem m enta Public support Contractservices M iscellaneous Totalrevenues Budget $ 206,007 21,180 23, ,141 A ctual 207,828 22,864 24,502 1, ,043 V ariance Favorable (Unfavorable) EX PEN DITURES Salaries Fringe Travel O perating services O perating supplies Caterer Othercosts D ebtservice Totalexpenditures 120,022 10,865 8,253 52,043 12,603 50,930 9,282 6, ,864 10,086 7,667 49,818 12,953 52,671 9,459 6, (842) ,225 (350) (1,741) (177) 480 Excess(deficiency)ofrevenues overexpenditures (19,709) (13,327) 6,382 OTHER FINANCING SOURCES (USES) Operating transfersin O perating transfersout Totalotherfinancing sources(uses) 38,010 (16,231) ,128 (17,419) 19,709 (882) _ (1,188) (2,070) Excessof revenuesand othersources overexpendituresand otheruses FUN D BALAN CE Beginning of year 2,070 6,382 4,312 7,398 7,398 End ofyear 9,468 13,780 4,312 Theaccom panying notesare an integralpart of thisstatem ent.

12 CLAIBORN E VOLUN TA RY COUN CIL ON AGING, IN C N OTES TO FIN AN CIAL STATEM EN TS June 30,1999 Note 1 -S zmmarv of SignitTcantAccow ~thle Policie a. R eporting E utily Il1964,tile State of Louisiana passed A ct456 w hich authorized the charterofvolum ary councilson aging forthe w elfare of the aging people in theirrespective parishes. Charters are issued by the Louisiana Secretary of State upon approvalby the Governor'sO ffice of Elderly A ffairs. The Claiborne Voluntary CouncilOn A ging, Inc.isa non-profitcorporation w hich m ustcomply w ith the policiesand regulationsestablished by the Governor'sO ffice of Elderly A ffairs,the state agency w hich providesthe Couucilw ith m ostof itsrevenues. The Councilalso receivesrevenuesfrom otherfederal,state, and localgovernm entagencies w hich m ay finpose certain restrictionsupon how the Councilcan use the m oney thatthey have provided. The prim ary function of the C laiborne V oluntary Councilon Aging, Inc.isto im prove lhe quality of life forthe parish'selderly and to provide servicesto the elderly asw ellas coordinate and m onitorthe servicesof otherlocalagenciesserving the aging people of the parish. Such servicesinclude providing m eals,nutritionaleducation, inform ation and referralservices,legalassistance,hom em aker serv ices, operating seniorcenters,and transportation.a Board of D ireclors,consisting of I1voluntary m em bers, governsthe Council. Forfinancialreporting purposes,in conform ance w ith Statem entn o. 14 of the G overnm ental A ccounting StandardsBoard,the Councilincludesallfunds, accountgroups,activities,et cetera,thatare w ithin the oversightresponsibility of the Councilasa separate special purpose governm ent. The Councilisnota com ponentunitof another prim ary govern m ent nordoesithave any com ponentunitswhich are related to it. Therefore,the Councilhas presented itsfinancialstatem entsasa separate special-purpose governm ent. b. Stalem entpresentation The accom panying financialstatem entsconform to generally accepted accounting principles forslate and localgovernm ents.these statem entshave also incorporated any applicable requirementssetforthby AuditsofState aud LocaLGovernmentUnits,theindustry audit guide issued by the Am erican Institute of Certified Public A ccountants;subsection V I - A nnualfinancia Reporting,accounting m anualforg overnor'so ffice of Elderly A ffairs contraclors;and~ lhe LouisianaGovernm entala uditguide.

13 CLAIBORN E VOLUN TA RY COUN CIL ON A GIN G,IN C N OTES TO FIN AN CIA L STA TEM EN TS June 30,1999 Note1-Summaryof Si~ni~cantAecom~th)g Policies(contblued) c. Fund A ccounting The accountsof the Councilare organized on the basis of funds and accountgroups,each of which isconsidered a separate accounting entity.the operationsof each fund are accounted forw ith a separate set& self-balancing accountsthatcom prise itsassets,liabilities,fund equity,revenues,and expenditures.g overnm entresourcesare allocated to,and accounted for,in individualfundsbased upon the purposesforwhich lbey are to be spentand the m eans by w hich spending activitiesare controlled. The variousfundspresented in the financial statem entsin thisreportare grouped asfollow s: G overnm entalfund Trues Governm entalfundsare those through which m ostgovernm entalfunctionsof the Councilare financed. The acquisition,use,and balancesof the Councirsexpendable financialresourcesand the related liabilitiesare accounted forthrough govermnental funds. The m easurem entfocusisupon determ ination ofchangesin finalacial position,ratherthan upon netiucom e determ ination. The follow ing are the Council's governm entalfund types: G eneralfunds-the G eneralfundsare the generaloperating fundsof the Council.They are used 1o accountforallfinancialresourcesexceptthose required to be accounled for in anotherfund. SpecialRevenue Funds-SpecialRevenue Fundsare used to accountforthe proceedsofspecificrevenuesources(otherthanspecialassessmentsand major capitalprojects)thatarelegally restricted to expendituresforspecifiedpurposes A ccountg roups A n accountgroup isa financialreporting device designed to provide accountability for certain assetsand liabilitiesthatdo notdirectly affectthe financialresourcesavailable in any fund and are notreported tberein.

14 CLAIBORN E V O LUN TA RY CO UN CIL ON A G IN G, IN C N OTES TO FIN AN CIA L STATEM EN TS June 30,1999 N ote 1 - b~mmtarv o!significantaecomlth~g Policies(eonthmed) The accounting and reporting treatm entapplied to the fixed assetsand long-term liabilities associated w ith a fund are determ ined by itsm easurem entfocus. QeneralFixed Assets-Fixed assetsused in governm entalfund type operations areaccounted for(capitalized)in tlaegeneralfixed AssetsAccountGroup and are recorded asexpendituresin the governm entalfund ty peswhen purchased. G enerallong-term D ebt-long-term liabilitiesexpected to be financed from governm entalfundsare accounted for in the G enerallong-term D ebta ccount G roup. The G enerallong-term D ebta ccountgroup show s only lhe m easurem entof financialposition and isnotinvolved w ith m easurem entof resultsof operations. e. Basisof A ccounting The accounting and financialreporting treatm entapplied to a fund isdeterm ined by its m easurem entfocus. The goverum entalfunds, including the G eneraland SpecialRevenue Funds,are accounted forusing a currentfinancialresourcesm easurem entfocus. W ith this m easurem entfocus,only currentassetsand currentliabilitiesare generally included on the balance sheet.operating statementsof these fundspresentincreases(revenuesaud otl~er financing sources)and decreases(expendituresand otheruses)innetcurrentassets. G overnm entalfundsare m aintained on the m odified accrualbasis of accounting wherein revenuesare recognized in tbe accounting period in w hich they becom e available and m easurable.expendituresare recognized in the accounting period in which the liability is incurred,if m easurable. f. T ransfers: A dvancesbetw een fundsw hich are notexpected to be repaid are accounted forastransfers In those caseswhere repaym entisexpected, the advancesare accounted forthrough the variousdue from and due to accounts. 12

15 CLA1BORN E VOLUN TARY COUN CIL ON A GIN G,1NC N O TES TO FIN AN CIA L STA TEM EN TS June 30,1999 NoteI-Summary of SignificantAccounthlg Policies(continue g. Budgetsand Budgetary A ccounting The Councilfollowsthe follow ing proceduresin establishing the budgetary data in dlese financialstatem ents: a) TileDirectorpreparesaproposed budgetforeachprogram and submitssameto the Board of D irectorspriorto the beginning of each year. b) Uponadoptionofthevariousprogram budgetsby theboardofdirectors,thebudgetsare forw arded to the Stale of Louisiana,O fi ce of Elderly A ffairsforapproval. If changesto the variousprogram budgetsare recom m ended by tile Ofi ce of Elderly Affairs,the budgetsare revised accordingly and a finalbudgetisadopted by the Board of D irectors. d) Allbudgetary appropriationslapseattileendofeachfiscalyear.any grantrevenue generated in excessof expendituresincurred during a fiscalyearisreturned to the Office of Elderly A ffairsin accordance w ith the provisionsof variouscontractsenlered into w ith thatoffice. e) Budgetsforthe Generaland SpecialRevenue fundsare adopted on a basisconsistent w ith generally accepted accounting principles. t") The budgetspresented in the accom panying financialstatem entshave been am ended underthe above m ethod. h. TotalC olum nsof C om bined Statem ents-o verview Totalcolum nson the com bined statem ents-overview are captioned "m em orandum only"to indicate thatthey are presented only to help w ith financialaualysis.d ata in these colum ns do notpresentfinancialposition,results& operations,orchangesin financialposition in conform ity w ith generally accepted accounting principles.n eitherissuch data com parable to a consolidation, lnterfund elim inationshave uotbeen m ade in the aggregation of thisdata

16 CLAIBORNE VOLUN TARY COUN CIL ON AGIN G,INC N OTFSo TO FIN AN CIA L STATEM EN TS June 30,1999 Note 1- SummarV of Signil~eantdccounth~g Policies(conthmed) i. Fixed A ssets A llfixed assets are staled athistoricalcostorestim aled hisioricalcostif actualhistorical costisnolavailable.donated fixed assetsare staled attheirestim aled fairm arketvalue on tile date donated.n o depreciation hasbeen provided on generalfixed assets. Com parative data Com parative data forlhe prioryearhasbeen presented in tbe accom panying financial statem entsto provide an understanding of changes in the Council's financialposition and operations. H ow ever,com parative data by fund type hasnotbeen presented in each of the statem entssince theirinclusion would m ake the statem entsunduly com plex and difficultto read. k. A nnualand Sick Leave Tile Council'sannualand sick leave policy doesnotprovide forthe vesting of annualand sick leave. 1. Prepaid Expenditures The C ouncilhaselected notto expense am ounts paid forfuture servicesuntilthose services are consum ed to com ply w ith the costreim bursem entterm sof itsgrantagreem ents,prepaid expendituresconsistprim arily of insurance prem ium spaid in M ay,1999,forboard of D irectorliability Insurance on a policy forthe yearended June 30,2000.The GeneralFund paid these insurancepremiumsin the amountof $2,333The prepaid expenditureswere recorded in the fundsforwhich the expendituresare to be allocated,w ith an offsetting "Due to"g eneralfund to be repaid in the yearended June 30,2000 w hen costreim bursem entis received undergrantagreem ents. m. Encum brance accounting Tile Councildoesnotuse encum brance accounting. 14

17 CLAIBORN E VOLUN TA RY COUN CIL ON A GIN G,IN C N OTES TO FINAN CIA L STATEM EN TS June 30,1999 Note1-Summary of Sig~ cantaccowtth2g Policies(conthmed) n. Long-term liabilities Long-term liabilitiesexpected to be financed from govem m enlalfunds are accounted forin the G enerallong-term Debtaccountgroup.Principaland interestpaym entson long-term liabilitiesare accounted forilthe generalfund because tile Councilintendslo use general fund revenuesto pay them. Related Party Transactions There w ere notany related part5,transactionsduring the fiscalyear M anagem ent's U se of Estim ates The preparation of financialstatementsin conform ity w ith generally accepted accounting principlesrequiresm anagem entto m ake estim atesand assum ptionstbataffectcertain reported am ountsand disclosures.a ccordingly,actualresultsm ay differfrom those estim ates. Note 2 -Fundine Policies and Sources of Funds The Councilreceivesitsm oniesthrough variousm ethodsof funding.m ostof the fundsare received on a grantbasis.u nderthism ethod,fundsare received asneeded oron a m onthly orquarterly allocationof thetotalbudget(grant)in advance of theactualexpenditure.the follow ing program sare handled in tbism anner: Title 111B,Title IliC-Iand C-2,Title D, Title1IIF,SeniorCenter,StateA location Funds(Act735),and Ombudsman.TheU.S.D.A cash-in-lieu of com m oditiesprogram isfunded underthe unitsof service m ethod.the PersonalCare A tendantfund isa contractforservicesprovided program through the D epartm entof H ealth and H ospitals. The Councilencouragesand receivescontributionsfrom clientsto help offsetprogram costs. TheTown of Homerprovidesfundsto thecouncil.utility assistancefundsarealso provided by the Louisiana A ssociation of Councilson A ging underthe H elping H ands program. N ote 3 -G eneralfund.budgel The Councilisnotrequired to and did notprepare a budgetforthe G eneralfund.the combined statementof revenues,expendituresandchangesinfund balancebudget(gaap

18 CLAIBORN E V OLUN TARY COUN CIL ON AGIN G,1N C N OTES TO FIN AN CIAL STATEM EN TS June 30,1999 basis)and actual-generalfund typeshasthereforebeen omited Note 4 -Accounts Receivable Included in accountsreceivable of $2,939 atjune 30,1999,are reim bursem entsof expenses incurred in the follow ing program sand am ounts: U SD A $ 1,502 N ote 5 -h~-k ind Contributions The Councilreceived in-kind contributionsduring the year,prim arily in the form of facilities and labor. These contributionshave notbeen reported and the offsetting expenseshave not been reported in the financialstatements.in-kind contributionsam ounted to $6,409 forthe yearended June 30,1999. Note 6 -hlcom e Tax Status The Council,a non-profitcorporation,isexem ptfrom federalincom e taxesundersection 501(c)(3)of theinternalrevenuecode. N ote 7 -Lease Com m itm ents TheClaiborneVoluntary Councilon Aging,Inc.hasaten(10)yearleaseagreementwiththe Claiborne Parish Police Jury,forthe building housing the C laiborne SeniorCenterand CentralK itchen,w hich expiresjune 9,2001. The annualrentalpaym entrequired by the lease is$1.00. The Claiborne Voluntary Councilon Aging,Inc.also hasa twenty-four(24)yearleasewith the V illage of Athens,forthe building housing "the AthensSeniorC enter,w hich expires D ecem ber31,2004.the annualrentalpaym entis$1.00. The Claiborne Voluntary Councilon A ging,inc.hasa four-yearlease w ith GeneralElectric CapitalCorporation forthe use of a copy m achine. The lease expiresin M arch,2003.the lease containsa purchase option forfairm arketvalue atthe end of the lease tenn.the m onthly rentalpaym entis$

19 CLAIBORN E V OLUNTA RY COUN CIL ON A GIN G,IN C N OTES TO FIN AN CIAL STATEM EN TS June 30,1999 N ote 7 ~ m itm ents (corlli The future m ininm m pabanentsunderthese operating leasesconsistof th e follow ing: Y earended June 30, Total N ote 8 -Chances in GeneralFixed Assets Am ount $ 2,255 2,255 2,254 1,708 1 $M J3 A sum m ary of changesin generalfixed assetsispresented below : Balance Balance July 1,199-8 A dditions Ḍ ed uctions June Realestate Leasehold im provem ents Furniture and equipm ent Com puterand peripheral equipm ent Autom obiles Totalgeneralfixed assets $ 3,500 6,897 39,216 8,265 _32,393 $~ ,500 6,722 39,231 7,770 32,393 8_ 9.61~ N ote 9 -Cash and Cash Equivalents Cash and cash equivalentsinclude dem an d depositsand interest-bearing dem and deposits. Understa te law,th e Councilm ay depositfundsin dem an d deposits,interest-bearing dem an d deposits,m oney m arketaccounts,ortime depositswith state breaksorganized under Louisiana law and nationalhankshaving principalofficesin Louisiana. AtJune 30,1999, thecouncil'stotalcash an d cash equivalents(book balan ce)was$13,951.thesedepositsare stated atcost,which approximatesmarket.understatelaw,thesedeposits(ortheresulting bank balan ces)mustbesecured by fed eraldepositinsuran ceorthepledgeof securities ow ned by the bank. The m arketvalue of the pled ged sec uritiesplusthe fed eraldeposit insurance m ustatalltim esequalth e an m unton depositwith the bank.th ese sec uritiesare

20 CLAIBORN E VOLUN TARY COUN CIL ON AGIN G,IN C N O TES TO FIN AN CIA L STA TEM EN TS June 30,1999 held in the nam e of the pledging fiscalagentbank in a holding orcustodialbank thatis m utually acceptable to both parties.atjune 30,1999,the Councilhad $30,089 in deposits (collected bank balances).thesedepositsarefully securedfrom risk by federaldeposit insurance. Note 10-Board of D h'ectors M em bersof tile Board of D irectorsof the Claiborne V oluntary Councilon Aging,Inc.serve in an advisory capacity only and receive no perdiem orothercom pensation fortheir services. The presentboard iscom posed of the follow ing m em bers A rquilla B.Shepherd O dessa Roberts A ddie M.W afer D ealie M.Speer V irginia H ollenshead TunisG aston Chairperson V ice-chairperson Secretary -Treasurer D irector D irector D irector Lillian Couch C laudine D aniels Joe R ichardson Dorsey Cham p Preston R ogers D irector D irector D irector D irector D ireclor Note 11 -D ue to Fundine Aeencv Thisaccountrepresentsfundsreceived from the G overnor'so ffice of Elderly A ffairsthat have notbeen spentand w illbe returned. The grossrevenuesforthe follow ing fundshave been presented netof these advances. The com position of thisaccountatjune 30,1999,is asfollow s: Title 111C-I-A dm inistration Title llif Total $ $456

21 CLAIBORN E V O LUN TARY COUN CIL ON AG IN G,IN C N O TES TO FIN A N CIA L STA TEM EN TS June 30,1999 Operating transfersin and outare listed by fund forthe yearended June 30,1999 G eneralfunds: A ct735 SpecialRevenue Funds: Title 111B-SS Title I11C-1 Title IIIC-2 Title I11D SeniorCenter U SD A O m budsm an O EA M iscellaneousg rant Totalspecialrevenue funds Totalallfunds O perating Transfers ]1 5,910 30, ,128 $ ~7A28 O perating Transfers O ut $19,709 4,390 1,845 6,684 4,500 ]7,4]9 $37.~.8_ Note13 -hlter[und Loans Because the Counciloperatesm ostof itsprogram sundercostreim bursem enttype grants,it has to pay forcosts using its PersonalCare Attendantm oney and then requestreim bursem ent forthe advanced costsunderthe grantprogram s. Such advancescreate shorl-ternlinlerfund loans.a sum m ary of these interfund loansatjune 30,1999,w ere asfollow s: PersonalCare Attendant SpecialRevenue Funds: Title 11IC-I-AA A Title IliB -Services Title IIIC-1 Title 111C-2 Title 111D Totalspecialrevenue funds D ue From O therfunds $ 2,202 D ue to O therfunds ,202 Totalallfunds $,2,

22 CLAIBO RN E V O LUN TA RY CO UN CIL ON A G IN G,IN C N O TES TO FIN AN CIA L STA TEM EN TS June 30,1999 Note 14 -Litigation A sof June 30,1999,the Councilw asnotinvolved in litigation. Note 15 -Chances h7g enerallone-term D ebt The follow ing isa sum m ary of transactionsrelaling to the Council'sgenerallong-fera ldebt forthe yearended June 30,1999: N ote Payable Capital lease obligations Total Balance@ July 1,1998 A dditions Paym ents $ 11,030 (6,081)_ ,016 (7,067) Balance@ June30,1999 $ 4.94 _ 9 _ On M arch 14,1996,the Claibom e Voluntary Councilon Aging,Inc.borrowed $23,102 ata rate of 8.5%.The firstpaym entw asdue A pril15,1996 w ith allsubsequentpaym entsdue on the sam e day of each m onth follow ing. The finalpaym entisdue on M arch 15,2000.This note is secured by the two 1996 Ford AerostarV ans purchased w ith the proceedsof the note The annualrequirem entsto am ortize the debtoutstanding asof June 30,1999 including interestpaym entsof $173 are asfollow s: Y earended June 30, 2000 Total A m ount $ 5,122 $,5,122 20

23 CLA IBO RN E V O LUN TA RY CO UN CIL ON A G IN G,IN C N OTES TO FIN AN CIA L STATEM EN TS June 30,1999 N ote 15 -Chanees #~GeneralLone-Term D ebt(conthtuedj D uring the yearended June 30,1995,the C laibom e V oluntary Councilon A ging,inc., entered into a lease-purchase agreem entw ith A T& T fora telephone system. The lease term s required m onthly paym entsof $90 to be m ade fora period of 48 m onths.the firstpaym ent w asm ade June 28,1995. Atthe end of the lease,the Councilhad the option to purchase the system for$1.accordingly,the leasew asdeterm ined to beacapitallease.thefinallease paym entand subsequentpurchase of the system w asm ade during the yearended June 30, N ote 16 -Econom ic D ependence TheCouncilreceivesthemajority ofitsrevenuefrom fundsprovided through grants adm inistered by the Governor'sOffice of Elderly Affairs.The grantam ountsare appropriated each yearby the federaland state governm ents.if significantbudgetcutsare m ade atthe federaland/orstate level,the am ountof the fundsthe Councilreceivescould be reduced significantly and have an adverse im pacton itsoperations.m anagem entisnotaware of any actionsthatw illadversely affectthe am ountof fundsthe Councilw illreceive in the nextfiscalyear. Note 17-Year 2000 Issue Y ear2000 isan issue arising from com putersbeing program m ed in prioryearsto use only two digits(undertheassumptionthatthefirsttwo digitswould alwaysbe19)to identify the yearwhen processing date-sensitive information.thism ethod of identifying datescould cause problem sw hen processing inform ation w ith datesin the year2000 orlater.a sa result the system sthatuse only two digitsto identify datescould processdata incorrectly orstop functioning altogether.the effectsof the Y ear2000 isexpected to extend beyond system s and any equipm entthatisdependenton m icrochip technology. The Claiborne Voluntary Councilon A ging,inc.generally doesnotdirectly rely upon m icrochip technology in the execution of itsservicesoffered to the elderly.h ow ever,certain accounting applicationsare performed on the Council'scom putersystem.the Councilis currently engaging a com puterconsultantto addressthe Y ear2000 issue asitrelatesto the com putersystem.currentcom puterhardw are and softw are w illbe tested and any upgrades necessary to becom e Y ear2000 com pliantw illbe installed before year-end.h ow ever,the effectof the year2000 issue upon the Council'svendors,revenue sources,grantors,and otherentitiesw ith w hich itconductsbusinesshasnotbeen determ ined. 21

24 CLAIBORN E VOLUN TARY COUN CIL ON A GIN G,INC N OTES TO FIN AN CIA L STA TEM EN TS June 30,1999 Forthe yearended June 30,1999,the Claiborne Voluntary Councilon Aging,Inc.incurred 1o m aterialrem ediation costsconcerning the year2000 issue.n o significantlossdue to im pairm entof equipm entthatisnotyear2000 com pliantw asrecognized forth e yearended June 30,1999. Because of th e unprecedented nature of the Y ear2000 issue,itseffectsand the successof related rem ediation effortsw illnotbe fully determ inable untilthe Y ear2000 and thereafter M anagem entof Claibonle Voluntary Councilon A ging,inc.cannotassure thatthe organization isorw illbe Y ear2000 ready,thatthe rem ediation effortsw illbe successfulin w hole orin part,orthatpartiesw ith w hom businessisconducted w illbe Y ear2000 ready.

25 FIN AN CIA L STA TEM EN TS O F IN D IV ID UA L FUN D S A N D A CCO UN T G RO U PS

26 G EN ERA L FUN D S GEN ERA L FU N D Fund used to account for revenues generated and expenditures incurred in supplem enting various m ealpreparation activitiesand servicesprovided by the Council. A dditionally,thisfund isused to accountforvariousrecreationalactivities,prim arily trips,w hich are paid forby the parlicipanls. STA TE OF LOU ISIAN A A CT 735 Fund used to accountforgrantaw ards underconlractw ith the Stale of Louisiana O ffice of Elderly A ffairsand expendituresincurred to enhance any and allprogram soperated by tile Council, 24

27 Schedule 1 CLAIBORN E V O LUN TARY COUN CIL ON A GIN G,1N C G EN ERA L FUN D S CO M BIN IN G BA LAN CE SH EET June 30,1999 A SSETS G enera Fund State of Louisiana A ct735 Totals Cash in bank Accountsreceivable $ 3, , Totalassets $ 3,730 3,730 LIABILITIES AND FUND EQU1TY Liabilities- A ccountspayable $ 2,363 2,363 Totalliabilities 2,363 2,363 Fund balances- U nreserved 1,367 1,367 Totalliabilitiesand fund equity $ 3,730 3,730 The accom panying notesare an integralpar'/of/hisstatem ent

28 Schedule2 CLA IBORN E VOLUN TA RY CO UN CIL ON A GIN G,IN C. GENERA L FUN D S COM BIN IN G STA TEM EN T O F REVEN UES,EXPEND ITURES AN D CHAN GES IN FUN D BA LAN CE Forthe YearEnded June 30,1999 Genera Fund Slate of Louisiana A ct735 Totals REV EN U ES ]ntergovernm ental: Office of Elderly Affairs Town of Hom er Public support Interestincom e O ther $ 1,100 t, ,145 21,779 21,779 1,100 1, ,145 Totalrevenues 6,337 21,779 28,116 EXPEN D ITURES Currentcosts Capitaloutlay 6,975 1, , Totalexpenditures 6,975 2,070 9,045 Excess(deficiency)ofrevenues overexpendilures (638) 19,709 19,07 OTHER FINANCING SOURCES (USES) Operating transfersin O perating transfersout Totalotherfinancing sources(uses) Excess(deficiency)of revenuesand other sourcesoverexpendituresand otheruses (638) _ (19,709. ) (19,709).(19,709) (19,709) (638) FUN D BA LAN CES Beginning of year 2,005 2,005 End of year $ 1,367 1,367 Theaccom panying notesare an integralpartof thisstatem ent. 26

29 SPECIA L REV EN UE FUN D S TITLE 11IB FUN D S Fundsused to accountforgrantaw ardsreceived undercontractw ith the State of Louisiana O ffice of Elderly A ffairs,program incom e generated and expendituresincurred in providing varioussocialservices to the elderly of Claibom e Parish,Louisiana. TITLE IllC-IFUN D Fund used to accountfor grantawards received undercontractw ith the Stale of Louisiana Ofi ce of Elderly A ffairs,program incom e generated and expenditures incurred in providing congregate m ealsto tile elderly of C laiborne Parish,Louisiana. TITLE IllC-2 FUN D Fund used to accountforgrant aw ards under contractw ith the State of Louisiana O fi ce of Elderly A ffairs,program incom e generated and expenditures incurred in providing hom e-delivered m ealsto lhe elderly in C laiborne Parish,Louisiana. TITLE IllD FUN D Fund used to accountfor grant awards under contractw ith d~e State of Louisiana O fi ce of Elderly A ffairs, program incom e generated and expenditures incurred in providing in-hom e services to the elderly in C laiborne Parish,Louisiana. TITLE 111F FUN D Funds used 1o accountforgrantaw ards under contractw ith the Stale of Louisiana O fi ce of Elderly A ffairs,program incom e generated and expenditures incurred in providing disease prevention and healfll prom otion servicesto the elderly in Claibom e Parish,Louisiana. U SDA FUN D Fund used to accountfor U SDA cash-in-lieu-of-com m odities funds received under contract w ilh the State of Louisiana O ffice of Elderly A ffairsforthe provision & m eals to eligible participants. 27

30 SPECIAL REVENUE FUNDS (Continued) AU D IT FUN D Fund used to accountforallotm entsreceived from the State of Louisiana Ofi ce of Elderly A ffairsand designated forthe provision of a financialaudit. SENIOR CEN TER FUN D Fund used to accountfor grantawards under contractw ith the State of Louisiana O ffice of Elderly A ffairs,program incom e generated and expenditures incurred in providing recreationaland cducalioual servicesforthe benefitof the elderly located throughoutc laibom e Parish,Louisiana. O M BU D SM AN Fund used to account for grant aw ards received under contractw ith the State of Louisiana O ffice of Elderly A ffairs, program incom e generated and expenditures incurred in providing an advocate of residentsof long-term care facilities. H ELPIN G HA N D S FUN D Fund used to account for revenues received from Louisiana Pow er and Light Com pany through the Louisiana Association of Councils on Aging and expenditures incurred to aid senior citizens in the paym entof energy bills. M EDICA ID W A IV ER PERSON A L CA RE A TTEN D AN T Funds used to account for m edicaid re-im bursem ent and expenditures incurred in providing in-hom e personalcare to the elderly/handicapped in C laiborne Parish,Louisiana.

31 CLA1BORN E VOLUN TARY COUN CIL ON A GING,INC. SPECIAL REVENUE FUN DS COM BINING BALANCE SHEET June 30,1999 Title In C-I AreaAgency Administration Title BIB Supportive Services Tille 111 C-I Title 111 C-2 Title II D ASSETS Cash in bank Accountsreceivable Prepaid expenditures Due from otherfunds LIA BILITIES: Accountspayable $ D ueto O ffice ofelderly affairs D ueto otherfunds Totalliabilities Fund balance - U nreserved Totalliabilitiesand fund equity $ 521 1, Theaccom panying notesare an integralpartof thisstatem ent.

32 Schedule3 Personal Care A ttendant Title II1 F USDA Senior Center Om budsm an H elping Hands Total 1,498 2~ ,691 1, ,527 2,633 2,333 2, , ,

33 CLAIBORN E VOLUNq'ARY CO UN CIL ON AGING.INC. SPECIAL R!EVENUE FUNDS COM BINING STATEM ENT OF REVENUES,EXPENDITURES AND CHANGES IN FUN D BALANCES YearEnded June 30,1999 REVENUES Inlergovem mental- OficeofElderly Afairs M iscellaneous: LA CouncilsonAging Clientcontributions Interestincom e Otherincome Contractservices-DeptofHeahh and Hospitals Totalrevenues TitleIIIC-I AreaAgeocy Administration $ 16,393 Title111B Supportive Service 50,776 8, Title Ill C-1 30,935 5, Title11 C-2 Title D 58,755 1,866 9, ,455 59, ,146 1,868 EXPENDITURES Salaries Fringe Travel Operating services Operating supplies Caterer Lesal Nutrition consultant Ombudsman coordinator Othercosts Debtservice-principal Debtservice-interest T o',~ ~xpen6i'm~es 8, , ~6,456 37,940 3,188 3,255 14,711 3,013 2, ]8 9, , , ],367 27,337 2,284 1,604 16,549 6,136 37,299 1,006 6, , Excess(deficiency)of revenuesoverexpenditures (5,910) 4,390 (30,921) (291) OTHER FINANCIN G SOURCES (USES) Operaling transfersin Operaling transfersout Totalotherfinancing sources(uses) ,910 (4,3~ - 30,921 30,921 Excess(deficiency)ofrevenuesand othersourcesoverexpenditures and otheruses FUND BALANCES Beginning ofyear Endofyear $ Theaccompanying notesarean integralpartofthisstatement

34 Schedule4 Tile III F USDA Audit Senior Center Ombudsman Helping Hands Personal Care Attendant M iscelaneous Grant Total , ,828,242 1,242 22, ,174 5,218 1,242 24,502 24,502 2, ,134 21,949 1, , ~329 5,224 L733 24,387 3,442,845 (6) (491) 115 (6fi84). (x,s45) (I,845) ,128 - (4,500) (17,419) (4,500) 19,709 (491) 115 6, ,326 32

35 Schedule 5 CLAIBORN E VOLUN TARY COUNCIL ON AGIN G,INC SCHEDULE OF EX PEN DITURES - BUDGET AN D ACTUAL YearEnded June 30,1999 Budgeted Over(Under) Budgeled A ctual A ctual Expenditures Expenditures Expenditures. G EN ERA L FUN D C urrentcosts D ebtservices-principa D ebtservice -interest Total $ N o Budget A dopted 6,975 (6,975) STA TE O F LO U ISIAN A -A CT 735 PCO A D iscretionary Expenditures- D iscretionary currentcosts D iscretionary capitaloutlay Transferto T itle IIIC-1A AA Transferto Title IIIC-2 Transfer1o Title II1D Transferto Title IlIF TransferIo O m bud~m a~ Transferto Title IIIB -Supportive $ 1, , , , (2,850) (55) 80 {6) 2,831 Total TITLE II1C-IA REA AGENCY ADM IN ISTRATION Salaries Fringe Travel O perating services O perating supplies N utrition consul'tant $ 8, , , , (77) (79) Total 313 The accom panying notesare an integralpart of thisstatem ent

36 Schedule 5(continued) CLA IBORN E V O LUN TA RY CO UN CIL ON A G IN G,1N C SCH EDU LE O F EX PEN D ITU RES - BUDGET AN D ACTUAL Y earended June 30,1999 Budgeted Over(Under) Budgeted A ctual A ctnal Expenditures Expenditures Expenditures TITLE IlIB -SU PPORTIV E SERV ICES Salaries Fringe Travel O perating services O perating supplies Legal N utrition consultant O thercosts Total 2,849 2, ,940 3,188 3,255 14,711 3,013 2, (164) (3) (84) 680 TITLE IIIC-I Salaries Fringe Travel O perating services O perating supplies Caterer Raw food N on-edibles N utrition consultant Transferto Title IIlC-2 Total 9, , ,909 5, , , ,143 6, (I51) (40) (],234) (387). (4,390) (5,161) The accom panying notesare an integralpartof thisstatem ent.

37 Schedule 5(continued) CLA 1BORN E VOLUN TARY COUN CIL ON A GIN G,IN C SCH ED U LE O F EX PEN D ITU RES - BUD GET AN D A CTUAL Y earended June 30,1999 Budgeted Over(Under) Budgeted A ctual A ctual Expenditures Expenditures Expenditures TITLE I11C-2 Salaries Fringe Travel O perating services O peraling supplies Caterer Raw food N on-edibles N utrition consultant Debtservice Total 27,301 2,502 1,717 17,609 6,010 21,385 15,794 1, $ ,337 2,284 1,604 16,549 6,136 21,130 16,169 1, (36) ,060 (126) 255 (375) SEN IO R CEN TER Salaries Fringe O perating services O perating supplies Transferto Title IIIC-2 Transferto Title IIIB Support Total 11,758 1,088 6,974 1, , ,623 1, _ (16) 104 1,35] (219) (435) (844_) (~ H ELPIN G HA N D S O perating serv ices $ No Budget A dopted U SDA Transfersto Title IIlC-2 $ ,684 4,481 The accom panying notesare an integralpartof thisstatem ent.

38 Schedule5(continued) CLAIBORNE VOLUN TARY COUN CIL ON AGIN G,IN C SCH EDU LE O F EX PEN DITU RES - BU D GET AN D A CTUA L Y earended June 30,1999 Budgeted A U DIT Operating services-audit $ 935 A ctual 935 Over(Under) A ctual PERSON A L CA RE A TTEN DA N T Salaries Fringe Travel O perating sen,ices O perating supplies O ther Capitaloutlay Transferto G eneralfund Total $ 21,350 1, ,949 1, (599) (28) 23 (28) ,387 (433) TITLE II1D Salaries Fringe Travel O perating services O perating supplies N utrition consultant 1, , (127) Total OEA M ISCELLAN EOUS GRA N T Transferto Title IIIB Support Transferto Title IIIC-2 Total 4,500 4,500 $ 4,500 4,500 The accom panying notesare an integralpartof thisstatem ent

39 Schedule5(continued) CLAIBO RN E V O LUN TA RY CO U N CIL ON A G IN G,IN C SCH ED U LE O F EX PEN DITURES BU D GET AN D A CTUA L Y earended June 30,1999 Budgeled Over(Under) Budgeted A ctual A ctual Expenditures Expenditures Expenditures OM BUD SM AN Travel O perating sen,ices O m budsm an coordinator 1, , (90) (6) TITLE II1F Salaries Fringe Travel O perating services Operating supplies N utrition consultant 2, , (3) The accom panying notesare an integralpartof thisstatem ent. 37

40 GEN ERA L FIXED A SSETS A CCOUN T GRO UP To accountforfixed assetsnotused in proprietary fund operations 38

41 Schedule 6 CLA1BORN E V OLUNTARY COUN CIL ON AGIN G,IN C. STA TEM EN T O F CHA N G ES 1N G EN ERA L FIX ED A SSETS Y earended June 30,1999 G eneralfixed assets,atcost: Realproperly $ 3,500 Leasehold im provem enls 6,897 Furniture and equipm ent 39,216 Com puterand peripheralequipm ent 8,265 A utom obiles 32,393 July I, 1998 A dditions D eletions June 30, ,500 6,722 39,231 7,770 32,393 Totalgeneralfixed assets ,616 Investm entin generalfixed assets Title IIlC-IA A A Title 1IIB SS Title IIlB O m budsm an Title IIIC-1 Title 111C-2 SeniorCenter D iscretionary Fund Title V II State SpecialFunds CCO A SpecialFunds Title IIID Title IIIG Title IIIF $ 1,412 1, ,567 1,903 18,465 12,038 4, , , ,375 1, ,379 1,535 17,881 12,918 4, , ,499 Totalinvestm entin genera fixed assets 880 Theaccom panying notesare an integralpartof thisstatem ent 39

42 GEN ERA L LON G-TERM D EBT A CCOUN T G RO UP To accountforunm atured principalam ountson generallong-term debtexpected to be financed from governm entaltype funds. 40

43 Schedule 7 CLAIBORN E VOLUN TARY COUN CIL ON AGING,IN C STA TEM EN T O F G EN ERA L LO N G -TERM D EBT June 30,1999 A M O UN TS AV A ILA BLE A ND TO BE PR O V ID ED FO R PAYM ENT O F G ENERA L LO NG -TERM DEBT A m ountlo be provided to retire long-term debt Tolalavailable and to beprovided N ote Payable $ 4,949 $ 4,949 Total 4, G ENERAL LO NG -TERM DEBT PAYABLE N ole payable $ 4,949 4,949 Totalgenerallong-term debtpayable $ 4,949, 4,949 Theaccom panying notesare an integralpan of thisstatem ent.

44 OTH ER SUPPLEM EN TARY IN FORM ATION

45 Schedule 8 CLAIBORN E VOLUNTARY COUNCIL ON AGING,INC. SCHEDULE OF PRIORITY SERV ICES- TITLE 111,PART B -GRA N T FO R SUPPORTIVE SERV ICES Forthe Year Ended June30,1999 Access(30%) Transportation Inform ation & assistance Outreach 4,278 9, % of G OEA Granl 3o~alaccessexpenses 16, % In-Home(15%): Hom em aker Totalin-hom e expenses Legalassistance 12,974 2, % 5.01% N on-priority services TotalTitleIIIB -Supportivesen,icesexpenditures Parlicipantcontributions O therpublicsupport Transfersin (8,663) (69) (5,910) TitleIIIB -Supportive servicesgrant-originalgrantaward 43

46 eq e~ u.~ Schedule 9

47 Schedule 10 CLA1BO RN E V OLUN TA RY CO UN CIL ON A G IN G,IN C COM PEN SATION TO BOARD M EM BERS YearEnded June 30,1999 B oard m em bersserve w ithoutcom pensalion 45

48 Schedule 11 CLAIBO RN E V O LUN TA RY CO UN CIL ON A G IN G,IN C SCHEDULE OF FINDINGS AND QUESTIONED COSTS Y earended June 30,1999 D uring the auditof tile generalpurpose financialstatem entsforthe yearended June 30,1999,there w ere no findingsorquestioned costsnoted w hich w ere required to be reported.

49 Schedule 12 CLA1BORN E VOLUN TA RY COUN CIL ON A G IN G,IN C CO RRECTIV E A CTION PLAN June 30,1999 D uring the auditof the generalpurpose financialstatem entsfor"the yearended June 30,1999,there w ere 1o findings,recom m endations,and corrective actionsnoted w hich w ere required to be reported 47

50 Schedule 13 CLA 1BO RN E V O LUN TA RY CO UN CIL ON A G IN G,IN C SU M M A RY SCH ED U LE O F PRIO R A U D IT FIN D IN G S June 30,1999 There were no auditfindingsreported in the auditof the generalpurpose financialslalem entsof lhe Claiborne V oluntary Councilon A ging,inc.asof and forthe prioryearended June 30,