NotestoFinancialStatements(Continued) ReportingEntity(Continued)

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1 Section_F CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) NoteI SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(Continued) December31,195 ReportingEntity(Continued) statements ThibodauxVolunterFireDepartment,Inc HousingAuthorityofThibodaux Thesentitiesareconsideredautonomousentitiesandeachisuefinancial statementseparatefromthatofthecityofthibodanx,louisiana, TheGASBrequiresthatcertainotherorganizationsbeincludedinthe reportingentity,althoughtheprimarygovernmentisnotfinancialy acountable,ifexclusionfromthefinancialstatementswouldrenderthe reportingentity'sfinancialstatementsincompleteormisleading.citycourt ofthibodaux,louisianaisfiscalydependentonthecityofthibodaux, Louisianaforoficespaceandcourtroms.Basedontheabovecriteria,the CityCourtofThibodauxisconsideredacomponentunitoftheCityof Thibodanx,Louisiana.TheCityCourtJudgeandCityMarshalare independentlyelectedoficials,who'soficeoperationsarebothacounted forinthecitycourtofthibodaux,louisiana'sfinancialstatements.the substanceoftherelationshipbetwencitycourtofthibodaux,louisiana andthecityofthibodaux,louisianaisthathecityofthibodaux, Louisianahasaprovalauthorityoveritscapitalbudget. TheGASBprovidesfortheisuanceofprimarygovernmentfinancial statementswhichareseparatefromthoseofthereportingentity.however, aprimarygovernment'sfinancialstatementsarenotasubstituteforthe reportingentity'sfinancialstatements.thecouncilhaschosentoisue financialstatementsoftheprimarygovernmentonly.asuch,the acompanyingfinancialstatementsarenotintendedtoandonotreportin acordancewithgeneralyaceptedacountingprinciples.auditreportsfor componentunitscanbeobtainedfromtheadministrativeoficesofeach componentandfromtheclerkofthecitycouncil.

2 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December31,195 Note1 SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(Continued) b.fundandacountgroupstructure FundAcounting TheCityofThibodaux,Louisianausesfundsandacountgroupstoreporton itsfinancialpositionandtheresultsofitsoperations.fundacountingis designedtodemonstratelegalcomplianceandtoaidfinancialmanagement bysegregatingtransactionsrelatedtocertaingovernmentfunctionsor activities. Afundisaseparateacountingentitywithaself-balancingsetofacounts. Anacountgroup,ontheotherhand,isafinancialreportingdevicedesigned toprovideacountabilityforcertainasetsandliabilitiesthatarenotrecorded inthefundsbecausetheydonotdirectlyafectnetexpendableavailable financialresources. Fundsareclasifiedintothrecategories:governmental,proprietary,and fiduciary.eachcategory,inturn,isdividedintoseparate"fundtypes." Governmentalfundsarcusedtoacountforalormostofagovernment's generalactivities,includingthecolectionandisbursementofearmarked monies(specialrevenuefunds),theacquisitionorconstructionofgeneral fixedasets(capitalprojectsfunds),andtheservicingofgeneralong-term debt(debtservicefunds).thegeneralfundisusedtoacountforal activitiesofthegeneralgovernmentnotacountedforinsomeotherfund. Proprietaryfundsareusedtoacountforactivitiesimilartolosefoundin theprivatesector,wherethedeterminationofnetincomeisnecesaryor usefultosoundfinancialadministration.godsorservicesfromsuch activitiescanbeprovidedeithertoutsideparties(enterprisefunds)orto otherdepartmentsoragenciesprimarilywithinthegovernment(internal servicefunds). 12

3 CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December31,195 Note1 b.fundandacountgroupstructure(continued) Fiduciaryfundsareusedtoacountforasetsheldonbehalfofoutside (Continued) parties,includingothergovernments,oronbehalfofotherfundswithinthe government.agencyfundsgeneralyareusedtoacountforasetsthathe governmentholdsonbehalfofothersastheiragent. AcountGroupCategories AcountGroupCategoriesareusedtoestablishacountingcontroland acountabilityforthecity'sgeneralfixedasetsandgeneralong-termdebt, otherthanthoseacountedforintheproprietaryfunds.thetwoacount groupsarenot"funds".theyareconcernedonlywiththemeasurementof financialposition,notwithmeasurementofresultsofoperations. GeneralFixedAsetAcountGroup-Thisgroupofacounts isestablishedtoacotmtforalfixedasetsofthecityexcept forthoserelatedtospecificproprietaryfunds. acountsisestablishedtoacountforalunmaturedgeneral -Thisgroupof long-termliabilitiesofthecityexcepthoseacountedforin theproprietaryfunds. c.basisofacounting Theacountingandfinancialreportingtreatmentapliedtoafundis determinedbyitsmeasurementfocus.algovernmentalfundsareacounted forusingacurentfinancialresourcesmeasurementfocus.withthis measurementfocus,onlycurentasetsandcurentliabilitiesgeneralyare includedonthebalanceshet.operatingstatementsofthesefundspresent increases(i.e.,revenuesandotherfinancingsources)andecreases(i.e., expendituresandotherfinancinguses)inetcurentasets. 13

4 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December31,195 NoteI SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(Continued) c.basisofacounting(continued) Alproprietaryfundsareacountedforonaflowofeonomicresources measurementfocus.withthismeasurementfocus,alasetsandaliabilities asociatedwiththeoperationofthesefundsareincludedonthebalance shet.fundequity(i.e.,netotalasets)isegregatedintocontributedcapital andretainedearningscomponents.proprietaryfund-typeoperating statementspresentincreases(i.e.,revenues)andecreases(i.e.,expenses)in netotalasets. Themodifiedacrualbasisofacountingisusedbyalgovernmentalfund typesandagencyfunds.underthemodifiedacrualbasisofacounting, revenuesarerecognizedwhensusceptibletoacrual(i.e.,whentheybecome bothmeasurableandavailable)."measurable"meanstheamountofthe transactioncanbedeterminedand"available"meanscolectiblewithinthe curentperiodorsonenoughthereaftertobeusedtopayliabilitiesofthe curentperiod. TheCityofThibodaux,Louisianaconsiderspropertytaxesasavailablewhen asesed.salesandusetaxrevenuesarerecordedwhenreceivedfromthe colectingagency. Licensesandpermits;chargesforservices;finesandforfeitures;and miscelaneousrevenuesarerecordedasrevenueswhenreceivedincash becausetheyaregeneralynotmeasurableuntilactualyreceived. Intergovernmentalrevenuesarerecordedwhenmeasurableandavailablewith thosenotearnedbeingshownasdefered.inaplyingthesusceptibleto acrualconceptointergovernmentalrevenues,thelegalandcontractual requirementsofthenumerousindividualprogramsareusedasguidance. Therearesentialytwotypesoftheserevenues.Inone,niniesmustbe expendedforthespecificpurposeorprojectbeforeanyamountswilbepaid

5 CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) Note1 December31,195 (Continued) c.basisofacounting(continued) tothecity;therefore,revenuesarerecognizedbaseduponthexpenditures recorded. Intheother,moniesarevirtualyunrestrictedastopurposeofexpenditure andareusualyrevocableonlyforfailuretocomplywithprescribed compliancerequirements.theseresourcesgeneralyarereflectedas revenuesathetimeofreceiptorearlierifthesusceptibletoacrualcriteria aremet. Interestincomeoninvestmentsisrecordedwhentheinvestmentshave maturedandtheincomeisavailable. Expendituresarerecordedwhentherelatedfundliabilityisincured. Principalandinterestongeneralong-tern1debtarerecordedasfund liabilitieswhendueorwhenamountshavebenacumulatedinthedebt servicefundforpaymentstobemadearlyinthefolowingyear. Theacrualbasisofacountingisusedbyenterprisefunds.Revenuesare recognizedwhentheyarearnedandexpensesarerecognizedwbentheyare incured. d.budgets Budgetsareadoptedonabasisconsistentwithgeneralyaceptedacounting principles(gap).anualapropriatedbudgetsareadoptedforthe folowingfunds:general,specialrevenue,debtservice,andcapital-projects. Alanualapropriationslapseatyearend. 15

6 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) NoteI December31,195 (Continued) d.budgets(continued) Encumbranceacounting,underwhichpurchaseorders,contracts,andother comitmentsforthexpenditureofmoniesarerecordedinordertoreserve e.cashandcashequivalents thatportionoftheaplicableapropriation,isnotemployedbythecity. Forthepurposesofreportingcashflows,alhighlyliquidinvestments (includingrestrictedasets)withanoriginalmaturityofthremonthsorles, areconsideredtobecashequivalents. Investments Statestatutesauthorizethegovernmentoinvestincertainfederaly guarantedsecurities,certainbanktimecertificatesofdeposits,andcertain mutualortrustfunds. Investmentsarcstatedatcostoramortizedcost,exceptforinvestmentsinthe deferedcompensationagencyfundwhicharereportedatmarketvalue. g.short-terminterfundreceivables/payable Duringthecourseofoperations,numeroustransactionsocurbetwen individualfundsforgodsprovidedorservicesrendered.thesereceivables andpayablesareclasifiedas"duefromotherfunds"or"duetotherfunds" onthebalanceshet. h.prepaiditems Paymentsmadetovendorsforservicesthatwilbenefitperiodsbeyondthe curentfiscalyeararerecordedasprepaiditems.

7 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December31,195 Note1 RestrictedAsets (Continued) Certainprocedsofenterprisefundrevenuebonds,aswelascertain resourcesetasidefortheirepayment,areclasifiedasrestrictedasets(cash andcashequivalentsandinvestments)onthebalanceshetbecausetheiruse islimitedbyaplicablebondcovenants. BelowisasumaryoflaevariousrestrictedasetacountsusedbytheCity ofthibodaux,louisiana: Waterworks, Municipal Electric& Municipal PowerPlant Sewerage Gas& Cashandcashequivalents: SystemFund System Fund CustomerDepositFund UtilityRevenueBondSinkingFund UtilityRevenueBondReserveFund $6,138 $2,76 105,319 DepreciationandContingenciesAcount 2,765 Totalcashandcashequivalents 6, ]nvestments CustomerDepositFund UtilityRevenueBondReserveFund DepreciationandContingenciesAcount 13,84 352,02 57,253 Totalrestrictedasets Totalinvestments 13, ,741 $19,982

8 Note1 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December31,195 (Continued) RestrictedAsets(Continued) The"utilityrevenuebondsinkingfund"acountisusedtosegregate resourcesacumulatedfordebtservicepaymentsoverthenextwelve months.the"utilityrevenuebondreservefund"acountisusedtoreport resourcesetasidetomakeupotentialfuturedeficienciesintherevenue bondcurentdebtserviceacount.the"depreciationandcontingencies" acountisusedtoreportresourcesetasidetometunexpected contingenciesortofundasetrenewalsandreplacements.the"customcr depositfund"acountisusedtoacountfortheutilitycustomersdeposits payable. FixedAsets GeneralFixedAsets Generalfixedasetsarenotcapitalizedinthefundsusedtoacquireor constructhem.instead,capitalacquisitionandconstructionarereflectedas expendituresingovernmentalfunds,andtherelatedasetsarereportedinthe GeneralFixedAsetAcountGroup.Generalyalpurchasedfixedasetsare valuedatcost.theremainderarevaluedatestimatedhistoricalcostwhere nohistoricalrecordsexist.donatedfixedasetsarevaluedatheirestimated fairmarketvalueonthedatereceived. Thecostsofnormalmaintenanceandrepairsthatdonotadtothevalueof theasetormaterialyextendtheaset'slifearenotcapitalized. Interestduringconstructionisinsignificantandsubsequentlyisnot capitalized.alsocertaininfrastructureasets(includingstrets,drainage, sidewalks,bridges,stretlands,right-of-ways,parkingmeters,stretlights, signalsandsigns)arenotcapitalized.nodepreciationisprovidedongeneral fixedasets.

9 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December31,195 Note1 SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(Continued) CompensatedAbsences(Continued) employeiseligibleforistheiracumulatedsickleavebalancetimesa percentagebasedonthenumberofyearsofserviceuptoapredeteninedcap thatisalsobasedonthenumberofyearsofservice.uponthedeathofan employeligibleforetirement,thebeneficiaryofthatemployeshal receiveone-halfoftheacruedsickleaveduetothemploye. Thecurentportionofacruedvacationandsickleaveamedhasben recordedinthegovernmentaltypefundsasacurentyearexpenditureand liability.tbisamont($83,707inthegeneralfundand$1,074inthe SpecialRevenueFunds)representsthedolarvalueofacruedtimeduring theyearthatwouldnormalybeliquidatedwithexpendableavailable financialresourcesofthecity.thelong-termportionofthisobligationhas benrecordedinthegenerallong-termdebtacountgroup.thismnount ($7,619)representstheCity'scomitmentofundsuchcostsfromfuture operations. AcruedvacationandsickleaveoftheEnterpriseFundshavebenrecorded asexpendituresoftheperiodinwhichthetimewasearned.]'hetotalacrued vacationandsickleaveobligations($3,064)havebenrecordedascurent liabilitiesoftheenterprisefunds. m.long-termdebt Long-termdebtisrecognizedasaliabilityofagovernmentalfundwhendue, orwhenresourceshavebenacumulatedinthedebtservicefundfor paymentearlyinthefolowingyear.forotherlong-termdebt,onlythat portionexpectedtobefinancedfromexpendableavailablefinancialresources isreportedasafundliabilityofagovernmentalfund.theremainingportion ofsuchobligationsisreportedinthegenerallong-termdebtacount Group.Long-termliabilitiesexpectedtobefinancedfromproprietaryfund operationsareacountedforinthosefunds. 20

10 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Cuntinued) Note1 December31,195 n.fundequity (Continued) Contributedcapitalisrecordedinproprietaryfundsthathavereceivedcapital grantsorcontributionsfromdevelopers,customersorotherfunds.reserves representhoseportionsofundequitynotapropriableforexpenditureor o.bonddiscounts/isuancecosts legalysegregatedforaspecificfutureuse. Ingovernmentalfundtypes,bondiscountsandisuancecostsare recognizedinthecurentperiod. Bondiscountsandisuancecostsforproprietaryfundtypesaredeferedand amortizedoverthetermofthebondsusingthebonds-outstandingmethod, whichaproximatesthefectiveinterestmethod.bondiscountsare p.interfndtransactions presentedasareductionofthefaceamount&bondspayable. Quasi-externaltransactionsareacountedforasrevenues,expendituresor expenses.transactionsthatconstitutereimbursementstoafundfor expenditures/expensesinitialymadefromithatareproperlyaplicableto anotherfund,arerecordedasexpenditures/expensesinthereimbursingfund andasreductionsofexpenditures/expensesinthefundthatisreimbursed. Alotherinterfundtransactions,exceptquasi-externaltransactionsand reimbursements,arereportedastransfers.nonrecuringornonroutine permanentransfersofequityarereportedasresidualequitytransfers.al otherinterfundtransfersarereportedasoperatingtransfers.

11 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December31,195 Note1 q.memorandumonly-totalcolumns (Continued) Totalcolmnsontheprimarygovernmentfinancialstatementsarecaptioned "memorandumonly"toindicatethatheyarepresentedonlytofacilitate financialanalysis.datainthesecolumnsdonotpresentfinancialposition, resultsofoperationsorchangesinfinancialpositioninconformitywith generalyaceptedacountingprinciples.neitheraresuchdatacomparable toaconsolidation.interfundeliminationshavenotbenmadeinthe r.comparativedata agregationofthisdata. Comparativetotaldatafortheprioryearhavebenpresentedinthe acompanyingfinancialstatementsinordertoprovideanunderstandingof changesinthegovernment'sfinancialpositionandoperations.however, comparativedatahavenotbenpresentedinalstatementsbecausetheir inclusionwouldmakecertainstatementsundulycomplexandificulto understand. Note2 LEGALCOMPLIANCE-BUDGETS Formalbudgetingintegrationisemployedasamanagementcontroldeviceduringthe year.thecityfolowstheseproceduresinestablishingthebudgetarydatareflected inthefinancialstatements: (1)TheMayorsubmitstotheCityCouncilaproposedoperatingbudgetforthe nextfiscalyearatleastseventy-five(75)dayspriortoitscomencingthe folowingjanuary1.theoperatingbudgetincludesproposedexpenditures andthemeansofinancingthem. (2)Apublichearingisconductedtobtaintaxpayercoments

12 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December31,195 Note2 LEGALCOMPLIANCE-BUDGETS(Continued) (3)Atleasthirty(30)dayspriortothebeginingofthenewfiscalyearthe budgetislegalyenactedthroughpasageofanordinancebythecity (4)TheMayorisauthorizedtotransferbudgetedamountsamongprograms Council. withinadepartment,oficeoragency;however,anyrevisionsthatalterthe totalexpendituresbudgetedforanydepartment,ofice,agencyorfundmust beaprovedbythecitycouncil. (5)TheCityCouncilmaymakesuplementalandemergencyapropriationsas demednecesaryandapropriateduringtheyear. Budgetedamountspresentedinthesefinancialstatementsareasan~endedbytheCity Councilasuplementalapropriationsandare"FinalBudgets"asaproved. Thefinancialstatementscontainacomparisonbyfundtypeforalgovernmental fundsforwhichthecityofthibodaux,louisianadoptedabudget. OneSpecialRevenueFund,the193ComunityDevelopmentBlockGrantFund, didnotadoptabudget.acordingly,thecombinedstatementofrevenues, Expenditures,andChangesinFundBalance-BudgetandActual-forSpecial RevenueFundsomitstheactivityforthisfundwithoutabudget. Areconciliationofthefundomitedisasfolows

13 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December31,195 Note2 (Continued)SPECIAL REVENUE Exces(deficiency)ofrevenuesandother FUNDS Adeficienciesorsubtractexceses sourcesoverexpendituresandotheruses-actual $375,028 aplicabletofundsnotbudgeted: 193ComunityDevelopmentBlock Exces(deficiency)revenuesandothersources GrantFund (2,68) overexpendituresandothcruses-budgeted $372,360 Note3 Deposits TheCitymaydepositfundswithafiscalagentbankorganizedunderthelawsofthe StateofLouisiana.TheCitymayalsoinvestintimedepositsorcertificateof depositsofstatebanksorganizedunderlouisianalawandnationalbankshaving principleoficesinlouisiana. Statelawalsorequiresthatdepositsbefulycolateralizedataltimes.Aceptable colateralizationincludesthe$10,0fd1c/fslicinsuranceforalnoninterest bearingand$10,0foralinterestbearingacountsandthemarketvalueof securitiespurchasedandpledged.obligationsoftheunitedstates,thestaleof Louisianandcertainpoliticalsubdivisionsarealowedasecurityfordeposits. UndertheprovisionoftheGASB,pledgedsecurities,whicharenotinthenameof thegovernmentalunitareconsidereduncolateralized.

14 CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December31,195 Note3 (Contined) Deposits(Continued): Atyearend,totaldepositsconsistedofthefolowing CaryingBank BalancesBalances Cashwithfiscalagents $1,954,638$2,0,07 MOneymarketacoUnts clasifiedasinvestments TOTALS $2,843,73$2,89,172 8,345 8,345 CREDITRISK CATEGORY BALANCES BANK (1)Insuredorcolateralizedbysecuritiesby thecityofthibodaux,louisianaorits agentinthecity'sname. (2)Colateralizedwithseuritiesheldbythe $356,745 pledginginstitutionstrustdewartmentinthe CityofThibodaux,Louisiana'sname. (3)UncolateralizedorcolateJralizedwith 0 securitiesheldbythepledginginstitution, butnotinthecityofthibodalax,louisiana's name. Totals $2,89,172 2,532,427 25

15 SectionF CITYOFTHIBODAUX,LOUISIANA NolestoFinancialSialements(Continued) Note3 December31,195 Investments (Costinued) Eventhoughthepledgedsecuritiesareconsidereduncolateralizedunderthe provisionsofgasbstatement3,louisianarevisedstatute39:129imposesa statutoryrequirementonthecustodialbanktoadvertiseandselthepledged securitieswithin10daysofbeingnotifiedbythecitythathefiscalagenthasfailed topaydepositedfundsupondemand. TheCityofThibodaux,LouisianamayinvestidlefundsasauthorizedbyLouisiana Statutes,asfolows: (a)unitedstatesbonds,treasurynotes,certificates,oranyotherfederaly insuredinvestment. (b)timecertificatesofdepositofstatebanksorganizedunderthelawsof LouisianandnationalbankshavingtheirprincipaloficeintheStateof Louisiana. (c)mutualortrustfunds,whichareregisteredwiththesecuritiesandexchange ComisionundertheSecurityActof193andtheInvestmentActof1940 andwhichaveunderlyinginvestmentsconsistingsolelyofandlimiledto securitiesoftheunitedstatesgovernmentoritsagencies. TheCity'sinvestmentsarecategorizedbelowtogiveanindicationofthelevelofrisk asumedatyear-end. Category1includesinvestmentsthatareinsuredoregisteredorfor whichthesecuritiesareheldbythecityofthibodaux,louisianaor itsagentinthecity'sname. Category2includesuninsuredandunregisteredinvestmentsfor whichthesecuritiesareheldbythecounterparty'strustdepartmentor agentinthecity'sname. 26

16 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December31,195 Note3 Investments(Continued) Category3includesuninsuredanduregisteredinvestmentsfor (Continued) whichthesecuritiesareheldbythecounterparty,orbyitstrust departmentoragent,butnotinthecity'sname. BalancesatDecember31,195wereasfolows SecuritiesType 12 CreditIRiskCategoryCarying 3 Amount Market U.S.Governmentandits Value agencies De~redCompensation $10,956,01$10,956,01$10,674,608 program TotalInvestments $0$0$1,056,763$1,056,763$10,75,370 10,762 10,762 10,762 TheCityhaseveralfundswhichavepoledmoniestogethertopurchaseshorterm certificatesofdepositsandinvestmentsint-notes.theinterestearnedonthese investmentsisdividedpro-ratabetwenthefundsparticipating. Note4 Receivablesconsistofcustomers'utilitybilings,garbagefes,taxesreceivable acruedinterest,andothermiscelaneousreceivables. 27

17 SeclionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December31,195 Note4 RECEIVABLES(Continued) Analowancebaseduponpastexperiencehasbenestablishedforcustomers'utility bilingsandgarbagefes.uncolectibleamountsdueforadvaloremtaxes,special asesmentsandothereceivablesarerecognizedasbadebtsathetimeinformation becomesavailablewhichwouldindicatetheuncolectibilityoftheparticular receivable. Acountsreceivableandlheaplicablealowancesfordoubtfulacountsat December31,195wereasfolows: Fund AmountDoubtfulAcountsReceivable Alowancefor Net GarbageColection MunicipalWaterworks,Electric, $26,76 $2,51 $24,25 MunicipalGas&Sewerage &PowerPlant 29,950 2,8 27,062 System Totals $184, ,626 $19,298$165,04 13,89 13,727 ELECTRICFRANCHISEFE OnAugust16,1976,theCityofThibodaux,Louisiana,grantedtoLouisianaPower &LightCompanyafranchisetosuplyalelectricpowerandenergythroughouthc CityofThibodaux,Louisiana,totheyear202.The"OperatingAgrement"andthe franchisewereaprovedbythecitizensofthecityofthibodaux,louisiana,inan electiononaugust14,1976.thecouncilalsoauthorized,byordinance,onaugust 31,1976fortheMayortocontinuetheoperatingagrementforupto60years.The Cityistoreceiveananualfranchisefeofnotlesthan$140,0acordingtothe agrement. 28

18 CITYOFTHIBODAUX,LOUISIANA S~'lionF NotestoFinancialStatements(Continued) Note4 December31,195 ELECTRICFRANCHISEFE(Continued) TheCityofThibodaux,Louisiana,earned$325,179ofranchiseferevenueforthe yearendeddecember31,195.thecityreceivedatotalof$137,549during195, andtheamountreceivableatdecember31,195fromlouisianapowerandlight Companyis$187,630. PROPERTYTAXESRECEIVABLE TheCity'spropertytaxisleviedontheasesedvaluelistedasofthepriorJanuary 1,forpropertylocatedintheCity.AsesedvaluesarestablishedbytheLafourche ParishAsesor'sOficeatfiftenpercentofactualvalueforcomercialproperty andtenpercentofactualvalueofalotherasesablepropertỵarevaluationofal propertyisrequiredtobecompletednolesthaneveryfouryears.thelast revaluationwascompletedasofjanuary1,192.theasesedvalueasofjanuary 1,195,uponwhichthe195levywasbased,was$36,047,730. TheCityispermitedbylawsoftheStateofLouisianatolevytaxesupto$1.20per $10ofasesedvaluationforgeneralgovernmentservicesotherthanthepayment ofprincipalandinterestonlong-termdebtandinunlimitedamotmtsforthepayment ofprincipalandinterestonlong-termdebt.thecombinedtaxratetofinancegeneral governmentalservicesotherthanthepaymentofprincipalandinterestonlong-term debtfortheyearendeddecember31,195,was$15.86per$10. Taxesaredueonthedatetheyarelevied."l]leadvaloremtaxesforthecurentyear wereleviedonnovember27,195.thetaxesbecomedelinquentonjanuaryiof thefolowingyear.theliendatefortaxesasesedisjune1ofthefolowingyear. TaxcolectionsasofDecember31,195onthe195taxlevywere74percent. 29

19 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) Note5 December31,195 Asumaryofchangesingeneralfixedasetsfolows LANDIMPROVEMENTSEQUIPMENT BUILDINGS&FURNISHING& BALANCE12/31/94$1,301,217 $5,952,636 $2,101,381 TOTAL ADITIONS 0 201,465 $9,35,234 RETIREMENTS (3,o) 0 (56,572) (59,572) 201,465 BALANCE12/31/95$1,298,217 $5,952,636 $2,246,274 $9,497,127 AsumaryoftheEnterpriseFunds-Property,Plant,andEquipmentatDecember 31,195folows: Property,Plant, Land andequipment Waterdistributionsystem 7,67,490 $108,15 Seweragesystemequipment Gasdistributionsystem 8,71,374 Garbagecolectionequipment 5,604,930 Automotivequipment 26,486 3,012 Lesacumulatedepreciation Totals 14,24,837 2,321,47 Net $8,096,610 30

20 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December31,195 Note5 TherelatedepreciationexpenserecognizedintheEnterpriseFunds,fortheyear endeddecember31,195,was$512,782andtheamortizationofleasedasetsinthe EnterpriseFundswas$25,256. Note6 CAPITALEASES TheCityofThibodaux,Louisianahasenteredintoseveraleaseagrementsfor financingtheacquisitionofoficeandcomputerequipment.theseleaseagrements qualifyascapitaleasesforacountingpurposes(titlestransferathendofthelease terms),andthereforehavebenrecordedathepresentvalueofthefuturenlinimum leasepaymentsasofthedateoftheirinception. Ananalysisofthecostofequipmentleasedundercapitaleases,asofDecember31 195,isasfolows: GeneralFixed Asets Enterprise Machineryand Funds equipment $24,19$106,734 Ascheduleofutureminimumleasepayments,underthesecapitaleases,andthe presentvalueofthenetminimumleasepaymentsaretobeapliedasfolows:

21 CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) Note6 (Continued) December31,195 General December31, Yearending Long 196 TermDebtFund Enterprise 197 $5,136 40,69 $29,651 29,651 Totalminimumleasepayments ,415 9,84 Les:Amountrepresenting 12,250 69,186 Presentvalueofminimumlease interest 10,786 4,950 payments $101,464$64,236 Theamountofprincipalpaidin195olcapitaleaseswas$53,329intile governmentalfundsand$25,256inthenterprisefunds. Note7 Changesinlong-termobligationsoftheCityofThibodaux,Louisiana,fortheyear endeddecember31,195,aresumarizedbelow: DECEMBER3i BALANCE 194 ADITIONSRrOUCTIONS DECEMBER BALANCE GeneralObligationBonds $2,905,0 $0 $45,0 31,195 Capitalizedleases 103,463 51,30 53,329 $2,460,0 Compensatedabsences 37,903 39, ,464 Totals $3,046,36 $91,046 $498,329 $2,639,083 7,619 32

22 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December3l~195 Note7 (Continued) Thesourceofundsdedicatedforpaymentoftheoutstandinglong-termdebtareas folows: Bonds: Obligation I SourceofFunds PublicImprovementPropertytaxesleviedandlegalyrestrictedfor SalesTax paymentofthisdebt CapitalizedLeases Salestaxrevenuescolected Compensated GeneralFundandEnterpriseFundrevenues Absences Variousaplicablegovernmentalfundrevenues GeneralObligationBonds TheCityisuesgeneralobligationbondstoprovidefundsfortheacquisitionand constructionofmajorcapitalfacilities.generalobligationbondshavebenisued forthegeneralgovermnentfunds.generalobligationbondsaredirectobligationsand pledgethefulfaithandcreditofthegovernment.generalobligationbonds outstandingasofdecember31,195areasfolows: 3

23 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) Note7 December31,195 (Continued) GENERALOBLIGATIONIsueRangeof PublicImprovementBonds: BONDS DateRatesPrincipal SalesTaxBonds: Waterplant $575,0 PublicRoadImprovement SalesTaxRefunding Bonds ,0 Totalsalestaxbonds Bonds ,850,0 Totalgeneralobligation 1,85,0 bonds $2,460,0 Theanualrequirements(includinginterest)toamortizegeneralobligationbonds outstandingatdecember31,195areasfolows: December31, YearEnding 196 Principal $460,0 interest $103,508 Total ,0 84,73 $563, ,0 64, ,845 59,73!20 505,0 525,0 43,720 21, , , ,125 Totals $2,460,0 $318,831 $2,78,831 10,90

24 CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) Note7 December31,195 RevenueBonds TheCityalsoisuesbondswheretheCitypledgesincomederivedfromtheacquired (Continued) orconstructedasetstopaydebtservice.revenuebondsoutstanding,netof unamortizediscountof$51,507atdecember31,195areasfolows: IsueRangeofPrincipal Date Rate UtilityRevenueBondsI I $2,910,0 Lescurentportion Lesamortizediscount (95,0) Total $2,763,493 (51,507) Theanualrequirements(includinginterest)toamortizetheutilityrevenuebond isueoutstandingareasfolows: December31, YearEndingPrincipalInterest 196 $95,0$209,649$304,649 Total ,0203,18303, ,0196,268301,268 i20 120,0180,56330,563 15,018,730303, ,375,01,214,4393,589,439 Totals $2,910,0$2,192,837$5,102,837

25 CITYOFTHIBODAUX,LOUISIANA SectionF NotestoFinancialStatements(Continued) December31,195 Note8 SuchbalancesatDecember31,195were Individual Fund DueFrolnDUeto ~cneralfund BalancesBalances SpecialRevenueFunds: $42,873$18,584 SalesTaxFund StretImprovementandMaintenanceFund 14,182 8,19 25 HousingAsistanceProgramFund PoliceForfeitureFund 184 MultijurisdietionalDrugTaskForceFund 103 1, FireDepartmentFund ComunityDevelopmentBlockGrantFund 1, ComunityDevelopmcntBlockGrant 654 Fund CapitalProjectsFund: 124 DebtServiceFunds: 192StretImprovementsFund 403,21 PublicImprovementBondSinkingFund SalesTaxBondSinkingFund 232,768 SalesTaxBondReserveFund 2,189 6,18 ProprietaryFunds: MunicipalWaterworksElectric&Power MunicipalGas&SewerageSystemFund PlantSystemFund 202,361 6,195928,407 GarbageColectionFund Totals $957,86$957,86 43,895 1,869 36

26 CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) Note9 December31,195 TheCitymaintainsthrenterprisefundswhichprovidewater,gas,sewerage,and garbagecolection.segmentinformation,fortheyearendeddecember31,195for thesefunds,isasfolows: Waterworks Municipal ColectionFundSystemFund GarbagePowerPlant Electric& Gas&Sewerage SystemFund Municipal OperatingRevenues IGarbae $506,967$634,328$1,763,123$806,467 Wslcr GasSewerae Depreciation OperatingIncome(Los) ($121,173)($281,469)$950,149($69,918) $180$184,983$15,424$172,195 TransfersIn(Out) NetIncome ($49,743)($37,614)$1,171,976($797,849) $70,0($695,0) Property,Plant,andEquipment: Balance12/31t94 Aditions $21,764$7,793,484$5,618,402$8,842,789 Deletions 24,632 1,837 8,764 Balance12/31/95 $21,764$7,818,16$5,630,239$8,851,328 (25) NetWorkingCapital TotalAsets $124,928$7,862,379$6,387,260$5,475,919 $75,510$4,518,413$3,526,891$1,582,747 LongTermDebt-payablesolely fromoperatingrevenues TotalEquity $75,691$6,751,708$5,65,782$2,891,650 $4,301$5,760$2,830,363 37

27 CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December31,195 Note10 TheCityofThibodaux,Louisiana,participatesinanumberofederalyasisted programs.theseprogramsareauditedinacordancewiththesingleauditactof examination,whichgrantoragenciesmayprovide,wouldnotresultinanymaterial disalowedcosts. 1984,Basedonpriorexperience,theCity'smanagementbelievesthatfurther IntheopinionoftheCity'satorney,theresolutionofalotlerclaimsareflnmaterial tothecityofthibodaux,louisiana'sfinancialposition. Note1 EmployesoftheCityhavetheoptionofparticipatinginadeferedcompensation programcreatedinacordancewithinternalrevenuecodesection457.the maximumcompensationthatmaybedeferedundertheplanfortheparticipant's taxableyearshalnotexcedtheleserof$7,50or25%ofincludable compensation.aditionaldeferalsarealowedincertainyearspriortoretirement. TheCityhastheresponsibilityforwitholdingandremitingcontributionsfrom participantstotheplan.thepublicemployesbenefitservicescorporation,who servesasadministrator,hastheresponsibilityformaintainingadeferedacountwith respectoeachparticipant,investingtheparticipant'sacountinacordancewiththe participant'sinvestmentspecificationandreportinganualytotheparticipantand tothecitythestatusoftheplan. 38

28 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) Note1 December31,195 (Continued) TransactionsandtheresultinginvestmentbalancefortheyearendedDecember3! 195isumarizedasfolows: Investmentbalance,beginingofyear$141,364 Receipts. Deferedcompensationpayments Interestearnedoninvestments 24,385 Totalreceipts 12,272 Disbursements: 36,657 Administrationcharges LifeInsurance 356 Withdrawals 76, Investmentbalance,endofyear Totaldisbursements $10,762 7,259 Investmentsarevaluedatmarketvalue.Alasetsoftheplan,includingaldefcred amountsandalincomeatributabletosuchdeferedamounts,aretheasetsofthe CityandaresubjectoaltheclaimsorcreditorsoftheCity.TheCity'sintentisto honorthemoralobligationtotheparticipantsimplicitintheprograṃ

29 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December31,195 Note12 SubstantialyaloftheCity'sful-timemployes,aproximately12,exceptfor policeparticipateinthemunicipalemploye'sretirementsystemoflouisiana(plan A),amultiple-employer,cost-sharingpublicemployeretirementsystem.TheCity's policeoficersareligibletoparticipateinanothermultiple-employer,cost-sharing publicemployeretirementsystem.theretirementsystemforpoliceoficersisthe MunicipalandSlatePoliceRetirementSystem.Aproximately45polieoficers havelectedtoparticipateintheplan. ThetotalpayrolfortheCityfortheyearendedDecember31,195,isaproximately $2,750,0.~]lepayrolforCityemployescoveredbytheretirementsystemsare aproximatelyasfolows: MunicipalEmployes'Retirement MunicipalandStatePolice SystemofLouisiana $1,70,0 Employesarentitledtoretirementbenefitswhenthecombinationofatainedage RetirementSystem $920,0 andyearsofservicemetcertainspecifiedrequirements.theminimumyearsof serviceforeceivingretirementbenefitsrangefrom10to12years.benefitsvest basedonasimilarmethodofcombinationofminimumyearsofserviceandatained age.eachsystemalsoprovidesdeathandisabilitybenefits.thelouisianastate Legislaturestablishedtheplansandhasdeterminedthebenefitsandrequired contributions.aslongasthecitymakestherequiredcontributionsitisnot responsibleforadequacyoftheretirementsystemtoprovidethepaymentfor employebenefits.

30 CITYOFTHIBODAUX,LOUISIANA SectionF NotestoFinancialStatements(Continued) Note12 December31,195 (Continued) TheCity'sandemployes'requiredcontributionratesandaproximatecontribution undereachsystemfortheyearendeddecember31,195areasfolows: MunicipalEmployes' RetirementSystem CityEmploye[City[Employe RetirementSystemof MunicipalandStatePolice Louisiana $103,639$156, %9.25% RetirementSystem $82,926$69,1069.0% 7.5% TheCity'sactuarialydeterminedcontributionrequirementhasnotbenindividualy calculated.however,theanualcontributionratefortheyearendedjune30,195 (latestinformationavailable)foreachplanasawholehasbendeterminedtobe aproximatelyasfolows: COntributionActualofTotalActual Anual City'sPercent MunicipalEmploye'sRetirement MunicipalaudStatePOliceRetirement SystemofLouisiana $8.81milion$7.70milion ReqUiredContributions'C0ntributions 1.35% System $12.51milion$12.81milion.65% 41

31 CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) Note12 December31,195 The"pensionbenefitobligation"isastandardizedisclosuremeasureofthepresent (Continued) valueofpensionbenefits,adjustedforthefectsofprojectedsalaryincreasesand step-ratebenefits,estimatedtobepayableinthefutureasaresultofemploye servicetodate.themeasure,whichistheactuarialpresentvalueofcredited projectedbenefits,isintendedtohelpusersasesthesystem'sfundingstatusona going-concernbasis,asesprogresmadeinacumulatingsuficientasetstopay benefitswhendue,andmakecomparisonsamongpublicemployeretirement systemsandemployers.thesesystemsdonotmakeseparatemeasurementsofasets andpensionbenefitobligationforindividualemployers. ThepensionbenefitobligationsatJune30,195(thelatestavailablevaluationfor eachsystemasawhole,determinedthroughanactuarialvaluationperformedasof thatdate,alongwitheachsystems'netasetsavailableforbenefitsandunfunded pensionbenefitobligations)areasfolows: NetAsets 'Unfunded ObligationAvailableforBenefitsPensionBenefit (overfunded) MunicipalEmployes'Retirement MunicipalandStatePolice SystemofLouisiana $321.90milion$276.39milion $45.51milion RetirementSystem $736.85milion$76.37milion $(29.52)milion Historicaltrendinformationisavailableoneachretirementsystem'sindividualy isuedfinancialstatements. 42

32 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) Note12 December31,195 (Continued) EmployesoftheCityarealsocoveredundertheFederalInsuranceContributions Act(SocialSecurity).TheCitymakestherequiredcontributionstothefundandis notresponsibleforthebenefits. TheCityprovidesnothermaterialpostretirementbenefitstoitsformeremployes Note13 IndividualfundsoftheCityofThibodaux,Louisianahadeficitfundbalancesat December31,195,asilustratedbelow: Fund Amount Deficit of SpecialRevenueFunds: (HUD)B-94-MC-2-012ComunityDevelopmentBlock (HUD)B-95.MC-2-012ComunityDevelopmentBlock Grant $124 Grant $9,234 thereimbursementfromtherespectivegrantsisreceived. Thedeficitsintheabovegrantsforthespecialrevenuefundswilbeliminatedwhen

33 SectionF CITYOFTHIBODAUX,LOUISIANA NotestoFinancialStatements(Continued) December31,195 Note14 Individualfundsthathadanexcesofactualexpendituresoverbudgeted expendituresfortheyearendeddecember31,195arelistedasfolows: Unfavorable SPECIALREVENUE Fund Variance FireDepartmentFund FUNDS: PoliceForfeitureFund 2,7562,84 $13 $56 ($53) (128) DevelopmentBlockGrant 194Comunity ComunityDevelopment Fund 264,16269,829 (5,713) DEBTSERVICEFUNDS: BlockGrantFund 19,05727,15 (8,098) PublicImprovementBond SinkingFund $160,270$161,25 ($95) Note15 AnadjustmentwasnecesaryintheGeneralFundtocorectamountsrecordedfor videopokerevenue,aworker'scompensationrefund,andcabletelevisionfranchise licenserevenuerecordedasrevenueduring195.thisrevenuewasfortheprior acountingperiod.tocorectrevenueforthecurentperiod,anadjustmentof $94,515wasmadetodecreaserevenuein195andincreasethefundbalancebythe sameamount.

34

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36 REVENUES Taxes: Sales Propertytaxes Oftrackbeting CITYOFTHIBODAUX,LOUISIANA AnalysisofRevenues,Expenditures,andOtherFinancingSources (Uses)andChangesinFundBalance-BudgetandActual GeneralFund FortheyearendedDecember31,195 (WithcomparativeactualamountsfortheyearendedDecember31,194) LicensesandPermits: Ocupationalicenses Berandliquorpermits Buildingpermits Plumbinglicenses Franchise-cable Chainstorelicenses Electricalicenses Other ntergovernmentah StateofLouisiana- Berandtobacotax Videopoker ChargesforServices: CivicCenter Saleofmapsandphotostat Parkingmeterfes Policereports Plumbing Zoningvariance aplications 195 Final Budget $1,950,0 193,380 12, ,0 9,20 12,070 75,0 6,60 1, , , , Actua $1,927, ,319 9, ,427 1,013 14, ,515 7,745 1, , ,4820 1,029 5, ,967 (Continuedonextpage) Variance Favorable (Unfavorable) ($2,719) 18,939 (2,15) (5,895) 16,427 1,813 2,474(285) 3,515 1,1453O (2,972) ,204 53, (lo) SectionG Actua $1,843,503 19,717 10, ,38 8,832 21, ,437 6, , , ,

37 RecreationandConcesion Generalreceipts Municipalpolfes Acadiapolreceipts Parkconcesions Grant FinesandForfeitures Generalcourtfines nterestincome Other: HousingAuthorityinlieuoftaxes Rentals: Airport Otherentals Donations Othermiscelaneous Revenuefromsaleof fixedasets Totalrevenues 195 Final Budget $26,0 28,070 5, Actual $4,625 31, , Variance Favorable (Unfavorable) $18,625 3, (2,535) 2, ,795 3,295 7,40 15,120 1,20 43, $3,240,957 6,672 18,485 2, (728 3,365 1, $3,391,065 (Continuedonextpage) 4? $150,108 SectionG-1 (Continued) 194 Actua $30,25 28, ,792 6,26 14,245 18, $3,17,749

38 EXPENDITURES Curent: Generalgovernment GeneralAdministration Personelservices Operatingsuplies Equipmentexpenditures Buildingexpenditures Outsideservices Generaloperating Generaladministrative FinancialAdministration: Personelservices Operatingsuplies Equipmentexpenditures Outsideservices Generaloperating Generaladministrative CivilService: Personelservices Operatingsuplies Equipmentexpenditures Outsideservices Generaloperating Generaladministrative Legislative: Personelservices Operatingsuplies Outsideservices Generaloperating Generaladministrative 195 Final Budget $24,92O 7,50 18,80 59,680 14,50 47, ,712 10,20 15,613 10,0 16, ,062 1, ,0 3,645 1, ,157 5,30 46,510 14, Actual $32,061 7,86 14,673 57,270 9,980 48, ,287 6,071 15,694 7,083 2, , , ,747 4,456 43,010 15, (Continuedonextpage) 48 Variance Favorable (Unfavorable) ($7,141) (386) 4,207 2,410 4,520(843) (3,1) (34) 9,425 4,129 (81) 2,917 (5,939) 1, ,07 1,237 2,892 1, ,50 (1,576) SectionG-1 (Continued) 194 Actua $32,495 5,90 16,43~ 54,28 2,075 43,47 26, ,943 6,783 14,791 12,541 15, , , , ,50 13,286 6,

39 CityClerkandStaf: Personelservices Operatingsuplies Equipmentexpenditures Generaloperating Generaladministrative OficeoftheMayor: Personelservices Operatingsuplies Equipmentexpenditures Buildingexpenditures Generaloperating Generaladministrative CityAtorneyandStaf: Personelservices Outsideservices Generaloperating Generaladministrative CityJudgeandStaf: Personelservices Operatingsuplies Equipmentexpenditures Buildingexpenditures Generaloperating Generaladministrative Airport: Operatingsuplies Equipmentexpenditures Buildingexpenditures Outsideservices Generaloperating Generaladministrative Totalcurentgeneral government 195 Final Budget $73,497 1,20 6,20 12, , , ,962 15,0 3, ,29 7,50 3,470 1,60 14, ,50 1,0 3,980 27,810 15, Actua $73, ,926 12, ,514 1, ,492 23, ,478 10,430 3,713O ,365 5,985 2,354 1,419 13, ,691 21,728 30, Variance Favorable (Unfavorable) ($156) 648 1, ,493 (301) 046 (3,07) 2, ,570 (638) 37O (6) 1,515 1, ,391 1,50 1,0 1,289 6,082 (14,96) 352 (4,73) SectionG-1 (Continued) 194 Actua $70, ,209 9, , , ,16 13, ,487 6,835 2,157 1,312 13, , ,253 25, ,186,984 1,134,737 52, (Continuedonextpage) 49

40 PublicBafet~ CityPolice: Personelservices Operatingsuplies Equipmentexpenditures Buildingexpenditures Outsideservices Generaloperating Generaladministrative CityInspector: Personelservices Operatingsuplies Equipmentexpenditures Buildingexpenditures Outsideservices Generaloperating Generaladministrative FireDepartment: Equipmentexpenditures Buildingexpenditures Generaloperating Generaladministrative Totalpublicsafety PublicWorks DirectorofPublicWorks: Personelservices Operatingsuplies Equipmentexpenditures Buildingexpenditures Generaloperating Generaladministrative StretsandDrainage: Personelservices Operatingsuplies Equipmentexpenditures Buildingexpenditures Outsideservices Generaloperatin9 Generaladministrative Totalcurentpublicworks 195 Final Budget $1,20,935 38, ,720 17,050O 240,93 13,050 1,656,173 53,320 1,60 1, ,50 1,80 69,950 10,70 40,850 41,40 85, ,904,573 67,85 1,650 6,850 4,30 10,10 1,20 91,95 31,460 58, ,585 1,910 4,0 328, ,590 Actual $1,092,7 32,79 102,71 13,420 27,0 10, ,036 1, ,70 1,529 6,989 6,326 41,603 43,671 80, ,839 1,768,18 60, ,810 1,919 13, , ,340 41,284 91,892 6, , ,147 vanane Favorable (Unfavorable) $128,158 6,176 2,09 3,585O0 (36,07) 2, (48) 10 1, ,961 4,374(753) (2,271) 5,261 6,61 136,385 7, ,040 2,381 (3,23) 92 1,970 6,120 16,76 1,693 5,287 4,0 16,491 1, ,43 SectionG-1 (Continued) 194 Actual 251,736 1, ,68 50,916 1, ,802 1,07 61,85 2,819 37,231 42,530 86, ,893 1,754,46 60,608 1,240 3,029 2,07 9, ,380 50,729 9,424 10,615 2, , ,585 79, , (Continuedonextpage).50

41 RecreationandCultural Recreation: Personelservices Operatingsuplies Equipmentexpenditures Buildingexpenditures Outsideservices Generaloperating Generaladministrative CivicCenter: Personetservices Operatingsuplies Equipmentexpenditures Buildingexpenditures Generaloperating Generaladministrative Totalcurentrecreation andcultural Totalcurentexpenditures Capitaloutlay Totalexpenditures OTHERFINANCINGSOURCES(USES Operatingtransfersin(out) SalesTaxFund FireDepartmentFund MunicipalWaterworks, Electric&PowerPlant SystemFund 195 Fina Budget $279,878 5,0 12,90 1,290 3,40 47, , ,240 15,912 31, ,310 4,585 3,045 45,17 815,285 4,838,4270 4, ,0 67,280 Actua $248,317 1,598 7,16 5,924 1,13 45, ,26 171,294 17,935 24,65 156,253 50, ,918 Variance Favorable (Unfavorable) $31,561 3,402 5,734 5,36 2,287 1, ,946 (2,023) 6,370 17,057 (6,56) ,19 SectionG-1 (Continued) 194 Actual $235,194 17,51 10,128 6, , , ,20 7,37 40,791 15,56 47, ,184 83,101 75,571 4,434,181 4,298 4,438, , ,0 575,0 Totalotherfinancingsources(uses) 1,383, ,246 (4,298) 39,948 (38,056) ,268,757 4,268, , EXCES(DEFICIENCY)OFREVENUES ANDOTHERFINANCINGSOURCES OVEREXPENDITURESAND OTHERFINANCINGUSES (214,190) 30, ,040 FUNDBALANCES Beginingofyear,aspreviouslystated Priorperiodadjustment Beginingofyear,restated Endofyear 32,025O 32,025 $17, ,461 94, ,976 $937,826 Senotestofinancialstatements 210,436 94, ,951 $819,91 1,192, ,78 $542,461

42 SectionH FireDenartmentFund-isusedtoacountforadvaloremtaxesasesedonbehalfofthe ThibodauxVolunterFireDepartmentwhicharebiled,colected,andpaidtotheFireDepartment bythecityofthibodanx.louisiana. ~tretimprovementandmaintenancefund-isfinancedbyaspecialpropertytax thepurposeofprovidingfundsforepairșmaintenance,andimprovementsof Thibodaux,Louisiana'strets.Thesefundsmaybeusedonlyforthispurpose. asesedfor thecityof /'oncevor/e turel~'uncl-acountsforamountsreceivedfromthelafourcheparishsherifonthe saleofasetseizedfromdrugenforcement.

43 ~c

44 ~o~ i!

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46 EXPENDITURES CITYOFTHIBODAUX,LOUISIANA AnalysisofExpendituresandOtherFinancingSources(Uses)- BudgetandActual SalesTaxFund FortheyearendedDecember31,195 (WithcomparativeactualamountsfortheyearendedDecember31,194) Curent: Buildingexpenditures Capitaloutlay Totalgeneraladministration FinancialAdministration: Curent: Personelservices Operatingsuplies Generaloperating Generaladministrative Equipmentexpenditures Totalcurent Capitaloutlay Totalfinancial administration Legislative: Capitaloutlay CivilService Capitaloutlay CityClerkandStaf: Curent: Buildingexpenditures Capitaloutlay TotalCityClerk OficeoftheMayor: CapitalOutlay CityJudgeandStaf Curent: Equipmentexpenditures Capitaloutlay TotalCityJudge 195 Final Budget $60,280 3, ,154 6,250 45,350 1, , , , , Totalgeneralgovernment $173,614 Actual $47, ,151 2,767 48, ,4 1, $142,474 (continuedonextpage) 5 Variance Favorable (Unfavorable) $13,102 3,028 16, ,483 (3,051) 1, , ,05 1,05 $31,140 SectionH Actua $ ,947 3,093 46, ,673 2, $109,408

47 PublicSafety CityPolice: Curent: Capitaloutlay Equipmentexpenditures CityInspector: TotalCityPolice Curent: Buildingexpenditures Capitaloutlay Equipmentexpenditures Totalcurent FireDepartment: TotalCityInspector Curent: Equipmentexpenditures Capitaloutlay Buildingexpenditures Totalcurent Totalpublicsafety TotalFireDepartment DirectorofPublicWorks Curent: Capitaloutlay Equipmentexpenditures StretsandDrainage: Totalpublicworks Cun-ent: Capitaloutlay Equipmentexpenditures Totalcurent TotalStretsandDrainage Totalpublicworks SectionH-4 Continued 195 Bud~et F{nal Actual,(Unfavorable) Variance Favorable 194 Actua $15, $15,596 43,132 58,728 15,568 15,572 $4 $t5,691 71,071 5, , ,0340 8, ,0 0 10,0 16,0 1,0 49,374 1,635 (10,0) $101,360 $120,71 61,09 (38,374) 3,365 (45,o~ (6,635) $82,135 7,981 14,560 $ $24 ($24) ,858 12,906 $46 29, ,0 20,205 0 $49,185 $ ,208 14,40 5,05,09,40 $12,96 (continuedonextpage) 56

48 SectionH-4 Continued 195 RecreationandCultura Budget Final Actual ~(Unfavorable) Favorable Variance Actua 194 ~ecreation: Curent: Outsideservices Buitdingexpenditures Equipmentexpenditures Capitaloutlay Totalcurent $42,50 20,0 CivicCenter: Totalrecreation 62,50 $28,261 95,80 3, ,329 $14,239 35,418 18,60 $3,602 64,9 32, (2,18) 30,801 48,874 13, Buildingexpenditures Outsideservices Capitaloutlay Totalcurent 30,0 Totalcivicenter 41,50 26,424 3,50 30,757 Totalrecreationand ,181 59,590 2,409 9, OTHERFINANCINGSOURCES(USES) andcultural $140,80 $16,21 $72,324 Operatingtransfersin(out): DebtServiceFunds: GeneralFund ($741,0) ($702,94) $38,056 ($659,739) SalesTaxBondSinkingFund SalesTaxBondReserveFund (407,520) 30,0 (406,65) CapitalProjectFund: 30,0 1,15)0 (689,83~ 30.0 EnterpriseFund: 192StretsandDrainage (590,0) (590,0) o (20,0) MunicipalWaterworks,Electric,andPower Capitaleaseproceds PlantFund 50,0o Totalotherfinancingsources 0 50,0 47,824 47,824 0 (uses) $84,715 Senotestofinancialstatements 5?

49 SectionH-5 StatementofRevenues,Expenditures,andChangesinFundBalance- CITYOFTHIBODAUX,LOUISIANA BudgetandActual (WithcomparativeactualamountsfortheyearendedDecember31,194) FortheyearendedDecember31,195 FireDepartmentFund 195 Budget Final Actua Variance (Unfavorable) Favorable Actual 194 REVENUES Taxes-property Interestincome EXPENDITURES Totalrevenues $6,0150 6,150 $72, $6, $68, Publicwel~ 13 ExcesofRevenuesOver 56 (53) 13 OTHERFINANCINGSOURCES(USES Expenditures 6,137 72, Operatingtransfersin(out): EXCES(DEFICIENCY)OFREVENUES GeneralFund (67,280) (70,320) (3,040) (64,952) ANDOTHERFINANCINGSOURCES OVEREXPENDITURESAND FUNDBALANCE OTHERFINANCINGUSES (1,143) 1,898 3,041 Beginingofyear Endofyear $6,137 67,280 70,627 $72,525 $6, $70, Senotestofinancialstatements 58

50 CITYOFTHIBODAUX,LOUISIANA SectionH-6 StatementofRevenues,Expenditures,andChangesinFundBalance- BudgetandActual (WithcomparativeactualamountsfortheyearendedDecember31,194) StretImprovementandMaintenanceFund FortheyearendedDecember31, Budget Final Actual (Unfavorable) Favorable Variance Actual 194 REVENUES Taxes-property Interestincome EXPENDITURES Totalrevenues $9, ,50 $108,70 2, $9, $102, ,675 1,436 Curent-publicworks: Operatingsuplies Generaloperating Capitaloutlay Totalcurentexpenditures 24, , ,384 4,25 24, ExcesofRevenuesOver Totalexpenditures , OTHERFINANCINGSOURCES(USES) Expenditures 57,374 81,323 23, Operatingtransfersin(out): EXCES(DEFICIENCY)OFREVENUES 192StretImprovementFund (47,27) ANDOTHERFINANCINGSOURCES OVEREXPENDITURESAND FUNDBALANCE OTHERFINANCINGUSES 57,374 81,323 23,949 (19,84) Beginingofyear Endofyear $154,58 97, ,47 $51,182 27,23 $124, Senotestofinancialstatements 59