O FFICIAl A U D ITED FIN A N C IAL STA TEM EN TS SH REV EPO RT G REEN D ECEM BER A N D 1998

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1 O FFICIAl SH REV EPO RT G REEN A U D ITED FIN A N C IAL STA TEM EN TS D ECEM BER A N D 1998

2 SH REV EPO RT G REEN SH REVEPO RT LO U ISIA N A TA BLE O F CO N TENTS A U D ITED FIN A N CIAL STATEM ENTS IudependeutAuditor's Report Statem ents offinancialposition Statem ents of A ctivities Statelnents of C ash Flow s Statem em s of FunctionalExpenses N otes to FinancialStatem ents O TItER REPO RTS Reporton Com pliance and on InternalControlO verfinancial Reporting Based on an A uditof FinancialStatem ents Perform ed in A ccordanee w ith Governm entauditing Standards Sched ule offindingsand Questioned Costs Schedule of Prior Y ear Findings 9 10 I1

3 A U D ITED FINA N CIA l,sta TEM ENTS

4 ]~IILA R I) I1\1B N IFI,IX,~L'X,XV~ ~I~IcF,1) ]IDl:eh~.l,~Ilk I~<~I]p,II I}l\\,cI'~ )}({)tn\ll A pril14,2000 To the Board ofd irectors ShreveportG reen Shreveport,Louisiana IndenendeutAuditor'sReuort W e have audited the accompanying statementsoffinancialposition ofshreveportgreen (anonprofit organization)asofdecember31,1999 and 1998,and the related slatementsofactivities,cash flows,and the statem ents of functional expenses for the years then ended. These financial statem ents are the responsibility ofthe m anagem entof ShreveportG reen. Our responsibility is to expressan opinion on these financialstaten]ents based on our audits. W e conducted our audits in accordance w ith generally accepted auditing standards and Govenunent Audith~g Standards,issued by the Com ptrollergeneralof the U nited States. Those standards require that we plan and perform the auditto obtain reasol~able assurance aboutwhether the fiuancialstatem ents are free of m aterialm isstatem ent. A n auditincludes exam ining,on a testbasis,evidence supporting the am ounts and disclosures in the financialstatem ents. A n auditalso includes assessing the accounting priuciplcsused and significantestiu]atesm ade by m anagem ent,as w ellas evaluating the overallfinancial statem entpresentation. W e believe thatourauditsprovide a reasonable basis forouropinion. In our opinion,the financialstatem ents referred to above present fairly, in alln]aterial respects,the financialposilion ofshreveportg reen as of D ecem ber 31, 1999 and 1998,and the changes in its nel assets and its cash flow s for the years then ended,in conform ity w ith generally accepted accounting principles. In accordance w ith Governm em A uditing Standards,w e have also issued a reportdated A pril 14,2000, on ourconside,ration of ShreveportG reen'sinternalcontrolstructure and on itscompliance w ith law sand regulations ]/H V [] I i /I \ ~ ~{]N'lll[{( II

5 SH REVEPO RT G REEN STA TEM ENTS O F FIN A N CIA L PO SITIO N D EC EM BER A N D 1998 A S S E T S Currentassets: Cash and tem porary investm ents G rants receivable Prepaid insurance O lher curreutassets Totalcurrentassets Fixed assets: O ffice furniture and equipm ent Equipm ent-n eighborhood Program Less-ace um ulated depreciation Book value offixed assets Totalassets LIA BII.ITIES A N D N ET A SSETS.199 ~ ). 208,028 47,628 2,279! =9oi ,736 67,263 10,418 _24_4_ 2=a~ 2~D 33_ 4~5.'-~ = 2 = 93 A~89 _ 133,884 28,275 2, ,208 57,974 8,291 (33,464) 32,801 Currentliabilities: Payrolltaxespayable Currentportion of lease obligation payable-n ote 6 Totalcurrentliabilities 1,208 _2 9,2294_ 4, ,662 Long-term portion oflease obligation pa 'g~ble-note a 6 4,522 N etassets-unrestricted Totalliabilities and netassets 29 _. 3 _,~fsc) l 197,009. The ace om panying notes are an integralpartof the financialstatem ents

6 SH P,EV EI)O RT G REEN STATEM ENTS O F A CTIV ITIES O R TIlE Y EA RS EN D ED D EC EM BER A N D 1998 Chances in U nrestricted N eta ssets Public suooortand revenue Public su p _ ~ _o r_! G rant-c ity of Shreveport G rants-n eighborhood Program G rants-louisiana Serve Conanission-N ote 3 M em bershil)s and contributions Tree Legacy program In-kind donations O thercom m unity support-n ote 4 Totalpublic support O [her revellue: Interestincom e M iscellaneous incolne Totalother revenue 256,550 60, , ,042 43,174 60, J ,392 4,911 3 _ ~ _8 _ 4,~ ,000 59, ,947 92,117 33, ,275 12, ,488 4,121 6, Totalrevenue 722, ,610 Expenses: M anagem entand general Program services Totalexpenses _ 283, _62!6 ~ , , ,339 hlcrease in unrestricted netassets 101,162 7,271 Netassets-bc;gj.t_toin~ g 18 _7, ,554 N etassets-ending 187,825 The accolnpanying notesare alintegralpartofthe financialstatem ents

7 SItREV EPO RT G REEN STA TEM EN TS O F CA SH FLO W S "['tie YEARS ENDED DECEM BER 31,1999 AN[) C ash flow s from o. perating activities Increase in netassets Adjustmentsto reconcile increase in netassetsto netcash provided (used)by operating activities: D epreciation (Increase)in grantsreceivable D ecrease in accounts receivable-em ployees (Increase)decreasein prepaid insurance Increase in other currentassets Increase (decrease)in accountspayable Increase in payrolltaxespayable Totaladjustments Netcash provided (used)by operating activities 101,162 7,271 10,76'1 (19,353) (230) (1,801) 236 [_x!o ,778 10,391 (16,841) (6,253) 257 ~ (11,839) (4,568) flow s from investin Purchase ofequipm ent Proce eds from lease obligation Paym ents on lease obligation Netcash (used)by investing activities etincrease (decrease}in cash and investm ents atberm m ur o!.~ear Cash and tem1295a! y_investmentsatend o~ 3'e_a (11,416).(5 2,Z!_~83 _ZL6 ~6~3,!) _ 74,144 _A3_38 ~ 84 (18,70o) 11,052 _ (2,840) _.(10,488) (15,056) 148, ,884 The accom panying notes are an integralpartof the financialstatem ents

8 SH REV EPO RT G REEN STA TEM EN TS O F FU N CTIO N A L EX PEN SES FO R TltE Y EA RS EN D ED D EC EM BER A N D 1998 M anagem ent and General Services ShrevC orps P ro _ ogram 1999 Program Services N eighborhood Program O ther Specific Program s- N ote 5 Total Expenses A ccounting and legal A dvertising A utom obile A w ards A w ards luncheon C ity clean-up C lean businessprogram C ontractlabor D epreciation D ues and subscriptions Education-schools Entertainnaentand m ce tings G ifts/donations/contributions G rants-specific progranrs Incom e-slm ring-telephone recycling Insurance Interest M iscellaneous O perationalcosts O ffice supplies Photography I'ostage Printing l'rofessionaltraining Public relations Recycling Re.nt-N ote 6 Salary-director Salaries-staff Supplies Supportcosts T axes-payroll Tclephone Travel T rees 4,200 4, ,792 10, , ,956 7,685 8, , ,924 2,753 10,275 29,985 27,344 11,785 47,500 70, ,870 19, ,000 8,477 14,217 51, ,730 9,069 2,089 1,800 1, , ,617 1,876 1, ,000 1,383 1,702 2,611 1,265 30,168 6,117 2,062 1, ,000 14, ,792 1,427 2,099 10, , , ,649 51,815 6,042 1,223 4,632 4,136 11,977 32,596 27,344 13,050 47, ,144 6,353 10,939 23,670 5,437 21,799 Totalexpenses 283,501 _. 257~979 56~35 _7 = = 23, ,647 The accom panying notesare an integralpartof the financialstatem ents

9 M anagem ent and G eneral Services ShrevCorps Program 1998 m Serv N eighborhood Program O ther Specific Program s- N ote 5 Total Expenses 1,700 2, , ,391 2, , ,710 5,374 1,194 2, , ,879 2,487 10,236 31, , , , ,800 1, ,245 1, ,004 5,483 1,445 2,493 5, , , ,617 2,493 5,566 1,148 10,391 2, , ,710 14,714 1,194 2, ,341 6,182 1,090 3,883 7,970 11,681 31,568 10,220 45,000 71, ,148 5,135 54, ,441 13, ,260 28,750 12, ,480 45, ,190 20,079 5,441 21,314 5,135 1, _ 35. ~877 _ 29~2 8 _ 7 _ 2

10 SH REVEPO RT _ G REEN TO FIN A N CIA L STA TEM EN TS D N ature of Business ShreveportG reen isa nonprofitorganization whose purpose isthe prom otion of public i nterestin the im provem eutof the enviromnentof the City of Shreveport, through the prom otion of recycling, coordination of littercontrolprogram s and the prom otion of beautification through landscaping. 2 of SignificantA ccount (a) lncolne taxes ShreveportGreen qualifiesasa tax-exemptorganization undersection 501(c)(3)oftile InternalRevenue Code, and,therefore,hasno provision for incom e taxes. (b) D epreciation Fixed assets are stated atcosț less accum ulated depreciation. on the straight-line basis overthe estim ated usefullivesof the assets. D epreciation iscalculated (c) (d) Use of estimates The preparation offinancialstatem entsin conform ity w ith generally accepted acco unting principles requires m anagem entto m ake estim ates and assum ptions thataffectc ertain reported am ounts and disclosures. A ccordingly,actualresultscould differfi'om those cstinlates. l)ouated materials D onaled m aterialsare recorded in the financialstatem ents attheirestim ated f airvalues atthe dale of receipt. A num berof volunteershave donated theirtim e to assistin the operationsand im provem ents of the organization. In accordance w ith requirem entsof Stalcm entof FinancialA ccounting Standards N o. 116,no am ounts have been reflected in the financialstatelnents forthose service s. (c) Financialstatementpresentation Shreveport G reen adopted Statem ents of Financial A ccounting Standards N o. 116, "A ccounting for Contributions Received and Contributions M ade, " and N o. 117, "Fi nancialstatem ents forn ot-for-profito rganizations, " which establish standards of basic acco unting and reporting for not-for-profitorganizations. to donor-im posed the sam e period as

11 2. Summ ars ofsi&nificantaccounting~ l~olicie~s _ (Continued) Teml~oratily restricted netassets-netassetssubjectto donor-imposed stipulations thatm ay orw illbe m eteitherby actionsoftile organization and/orthe passage oftim e. Penlmnently restricted netassets-netassetssubjectto donor-imposed stipulations thatflley be m aintained perm anently by ShreveportG reen. G enerally,tile donors of these assetsperm itthe organization to use allorpartof the incom e earned on related investm ents forgeneralorspecific purposes. A sof Decem be r31,1999 and 1998,there w ere no tem porary orperm anently restricted netassets. (0 (;ash and cash equivalents For purposes of the statem entofcash flows,shreveportgreen considers allhighly liquid investm ents purchased w ith originalm aturities of three m onths or lessto be cash and cash equivalents. G rants Received ShreveportGreen received $173,410 and $156,947 in 1999 and 1998 from the Louisiana Serve Com m ission forthe developm entof a youth and conservation corpsprogram,called ShrevCorps. Othergrantstotaling $116,343 and $164,245 were also received to supportthe ShrevCorpsprogranr, including $60,843 and $116,245 in-kind donationsfor 1999 and O therc'om nm nitv SuDno ShreveportG reen received contributionsfrom the generalpublic through severalcom m unity-w ide clean-up and recycling efforts in 1999 and 1998: Telephone book recycling G lad Bag-A -Thon Clean Business Program ,300 _ ,901 3,825 _ 4,400 O thersoce ific Proeram s = 3~300 _ 12,126 ShreveportGreen conducted specific city be autification,littercontroland tree planting projects during the yearsended D ecem ber31, 1999 and Expenses for these program s are as follow s: 19 _9_ Clean businessprogram City Clean-Up project Treespurchased ordonated Telephone recycling 584 1,427 21,799 5,566 2,493 40, ~ 3_~8_In

12 Leases D urinp the year 1997,ShreveportG reen signed a lease to rentoffice space under a three-year lease. Rentalexpense for the years 1999 and 1998 was $9,000 and $8,500. Future m ininm nl rental paym ents are show n as follow s: 2000 ~ 400 l)uring the year 1998, Shreveport G reen purchased ofi ce equipm ent under a lease-purchase agreem eut. Future nlinim um lease paym ents are as follow s: 2000 o o~ 294

13 O TH ER REPO RTS

14 1t lta R J) ~llkl~lltl! [ \ ]loi ( l:~+[+~~ llfl,ir,cin U,L & V ]ts'l'a ]. IS J+"J,'0 ~ J,\ \Vii[I/',]] I]h,l+l~+\~}l~ ~I'~ ' ~llli',1],' I ] \ I1(,, IG0 )i(it~[nm I April14,2000 The Board of D irectors ShreveportG reen Shreveport,l.ouisiana Reoo Renort on Com pliance and on InternalControlO verfinancial Based on an AuditofFinancialStatem entsperform ed in A ccordance w ith Goverm nentauditine Standards W e have audited the financialstatenrentsofshreveportg reen as of and for the yearended D ecem ber 31, 1999,and have issued ourreportthereon dated A pril14,2000. W e conducted ourauditin accordance w ith generally accepted auditing standards and the standardsapplicable to financialauditscontained in Goverm nentauditing Standards,issued by the Com ptroller Generalof the U nited States. Com pliance A spartofobtaining reasonable assurance aboutwhetherthe financialstatem ents of ShreveportG reen are free of m aterial nfisstatem ent,w e perform ed tests of its com pliance w ith certain provisions of law s, regulations,contractsand grants,noncompliance with which could have a directand m aterialefecton the determ ination of financialstatem entam ounts. H owever,providing an opinion on com pliance w ith thoseprovisionswasnotan objectiveofourauditand,accordingly,wedo notexpresssuch an opinion. The results of ourtests disclosed no instances ofnoncom pliance thatare rcqui~ed to be reported under Goverm nentauditing Standards. InternalControlOverFinancialReportjn_g In planning and perform ing our audit, w e considered internal control over financial reporting of ShreveportGreen in orderto determine ourauditing proceduresforthe purpose of expressing ouropinion on the financialstatem ents and notto provide assurance on the internalcontrolover financialreporting. O ur consideration of the internalcontrol over financialreporting w ould not necessarily disclose all m atters in the intern alcontrolover financialreporting thatnfightbe m aterialw eaknesses. A m aterial w eakness is a condition in which the design or operation of one or m ore of the internal control com ponentsdoes notreduce to a relatively low levelthe risk thatm isstatem ents in am ounts thatw ould be m aterialin relation to the financialstatem ents being audited m ay occurand notbe detected w ithin a tim ely period by em ployees in the norm alcourse of perform ing theirassigned functions. W e noted no m atters involving the internalcontrolover financialreporting and its operation thatw e consider to be m aterialw eaknesses. This reportis intended solely for the inform ation and use of the auditcom m ittee,m anagem ent,others w ith in the organization and federalawarding agenciesand pass-through entities and is notintended to be and should notbe used by anyone other than these specified parties. Bz~,W -fy~ +.t- Lt.P [,t,;,+,h,,+~~p:+t,,m I \:~l+ 9

15 SH REV EI)ORT G REEN SCItED U LE O F FIN D ING S A N D O U ESTIO N ED CO STS Y EA R EN D ED D ECEM BER W e have audited file financialstatem ents of ShreveportG reen asofand forthe yearended D ecem ber31, 1999,and have issued ourreportthereon dated April14,2000. W e conducted ourauditin accordance w ith generally accepted auditing standardsand the standardsapplicable to financialauditscontained in Governm entauditing Standards,issued by the Com ptrollerg eneralof tile U nited States. O urauditof the fiuancialstatem ents as ofd ecem ber 31,1999 resulted in an unqualified opinion. Section I-Sum m ary of A uditor's ReDorts a. Reporton InternalControland Com pliance M aterialto the FinancialStatem ents Internal Control - N o m aterial w eakness or reportable condition w as noted; no nlanagenleutletterw as issued. Com pliance -N o m aterialnonco m pliance w as noted b. FederalA w ards-n otapplicable Sectiou 11-FinancialStatem entfinding~s N o m atters werc reported

16 SIIREV EI)ORT G REEN SC ItED U LE O F PRIO R YEA R FIND IN G S Y EA R EN D EI) D ECEM BER No prioryearfindingswere reported

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