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1 O'e:,"/ REC REATIO N DISTRICT #2 O F THE PA RISH O F C O NCO RDIA CO NCO R D IA PARISH PO LIC E JURY M onterey,louisiana G eneralpurpose FinancialStatem ents and Accountant's Com pilation R eport Decem ber and forthe YearThen Ended Underprovisions ofstate law,this reportisa public IiIocument.A copy o~l:he r~ o'."cha',~been subm ited to the entibland o:he~ai:~p~op~'i~t? Fu(cqicoffic~ais.The Rouge office c.,ft!],~;lecz,:ik':ive ;'.:,~ :.:or~.;~,,:/~:~re appropriate,atthe office ofthe parish cierk ofcourt. ~ 1~- " ReleaseDate c~i-~io)i3~ / JERISU E TO SSPO N Certified Public Accountant

2 R EC REATIO N DISTRICT #2 O F THE PA RISH O F CO NC O R DIA CO NCO RD IA PAR ISH PO LIC E JURY M onterey,louisiana G eneralpurpose FinancialStatem ents and Accountant's C om pilation Report Decem ber31,2002 and forthe YearThen Ended

3 R EC R EATIO N DISTRICT #2 O F THE PA RISH O F CO NCO RDIA TABLE O F C O NTENTS Decem ber31,2002 Page Afidavit 2 Accountant's C om pilation Report 3 G eneralpurpose FinancialStatem ents Balance Sheet -A lfund Types and AccountG roups Statem entofrevenues,expenditures and Changes in Fund Balance Statem entofrevenues,expenditures and Changes in Fund Balance -Budget(Cash Basis)and Actual Notes to FinancialStatem ents

4 SECTIO N I A FFIDAV IT

5 REC REATIO N DISTRICT #2 O F THE PA RISH O F C O NCO R DIA M onterey,louisiana ANNUA L SW O RN FINA NC IA L STATEM ENTS A N D CERTIFICATES O F REVENUES $50,000 O R LESS AFFIDAVIT Persona ly cam e and appeared before the undersigned authority, Betty Bairnsfather,w ho is duly sw orn,deposes and says,thatthe financialstatem ents herew ith given presentfairly the financialposition ofthe Recreation District#2 ofthe Parish ofc oncordia as ofdecem ber31,2002,and the results ofoperations forthe yearthen ended,in accordance w ith the basis ofaccounting described w ithin the accom panying financialstatem ents. In addition,betty Bairnsfather,w ho,duly sw orn,deposes and says thatthe Recreation District#2 ofthe Parish ofconcordia received $50,000 orless in revenues and othersources forthe fiscalyearended Decem ber31,2002,and, accordingly,is notrequired to have an auditforthe previously m entioned fiscalyear end. Sworn to and subscribed before me,this.2/j day offebruary,2003 O fi cer: Address: Telephone Treasurer PostO fi ce Box 314 M onterey,louisiana (318)

6 SECTIO N II G ENERA L PURPO SE FINA NC IAL STATEM ENTS

7 JER ISU E TO SSPO N Certified Public Accountant P O Box 445 Ferriday,Louisiana (318) Fax (318) jtosspon@ iam erica.net AC CO UNTANT'S CO M PILATIO N REPO RT BO ARD O F CO M M ISSIO NERS REC R EATIO N D ISTR ICT #2 O F THE PA R ISH O F CO NCO RD IA The accom panying balance sheetofthe Recreation District#2 ofthe Parish of C oncordia fordecem ber31,2002,and the related statem ents ofincom e,changes in retained earnings,and cash flows forthe period then ended have been com piled by m e, in accordance w ith standards established by the A m erican Institute of Certified Public Accountants. A com pilation is lim ited to presenting in the form offinancialstatem ents,inform ation that is the representation of m anagem ent. Ihave not audited or review ed the accom panying financialstatem ents,accordingly,do notexpress an opinion orany otherform ofassurance on them. February 15,2003 M em ber-am erican Institute ofcertified Public Accountants Louisiana Society ofcertified Public Accountants

8 RECREATIO N DISTRICT #2 O F THE PARISH O F CO NCO RDIA BALANCE SHEET (ALL FUND TYPES AND ACCOUNT GROUPS) DECEM BER ASSETS Cash (Note 3) $ Certificates ofdeposits (Note 3) Receivables: Ad valorem taxes State revenue sharing A ccrued interest Buildings and equipment(note 4) G overnm ental Fund G eneralfund 35, ,125 1, Account G roup - G eneral Fixed Assets $ 133,635 Total (Memorandum Only) 35, ,125 1, ,635 TotalAssets $ 83,868 $ 133,635 $ 217,503 LIABILITIES AND FUN D EQ U ITY Liabilities -accounts payable $ Fund equity - Investm entin generalfixed assets Fund balance,unreserved and undesignated TotalFund Equity $ 151 $ $ 83,717 83,717 $ 133,635 $ , TotalLiabilities and Fund Equity $ 83,868 $ 133,635 $ 217,503 See accom panying notes and accountant's com pilation report. (4)

9 RECREATIO N DISTRICT #2 O F THE PA RISH O F CO NCO RDIA STATEM ENT O F REVENUE,EXPENDITURES AND CHANG ES IN FUND BALANCE (GOVERNMENTAL FUND -GENERAL FUND) O NE YEAR ENDED DECEM BER REVENUES Ad valorem taxes State revenue sharing Federalrevenue in lieu oftaxes Interestearned Concessions.fees and services TotalRevenue 35,277 1,936 3,195 1, EXPENDITURES Recreation serv ices Personalserv ices and related benefits Operating services M aterials and supplies Insurance Capitaloutlay TotalExpenditures 17,269 10,228 5,478 2, EXCESS (DEFICIT)OF REVENUES OVER EXPENDITURES FUND BALANCE,JANUARY 1 FUND BALANCE.DECEM BER 31 11, $ 83,717 See accom panying notes and accountant's com pilation report (5)

10 RECREATIO N DISTRICT #2 O F THE PARISH O F CO NCO RDIA STATEM ENT O F REVENUE,EXPENDITURES AND CHANG ES IN FUND BALANCE (GOVERNMENTAL FUND -GENERAL FUND) BUDG ET AND ACTUAL O NE YEA R EN DED DECEM BER Variance Favorable REC EIPTS Ad valorem taxes State revenue sharing Federalrevenue in lieu oftaxes Interestearned Concessions.fees and services Budget 32, Actua 35, ,195 1, (Unfavorable) $ 3,944 (1,139) 871 (1,961) TotalReceipts $ 42,550 $ 47,460 $ 1,716 DISBURSEM ENTS Recreation services Personalservice s and related benefits $ O perating serv ice s M aterials and supplies Insurance Capitaloutlay 17,269 $ 10,560 5,478 2, (269) 4,640 (978) (189) 16 TotalDisbursem ents 40,300 $ 37,080 $ 3,220 EXCESS (DEFICIT)OF RECEIPTS OVER $ 2,250 $ 10,379 $ 8,129 DISBURSEM ENTS CASH AND CERTIFICATES O F DEPO SIT BALA NCE.JANUARY CASH AND CERTIFICATES O F DEPO SIT BALANCE,DECEMBER 31 $ 40,684 $ 48,813 $ 8,129 See accom panying notes and accountant's com pilation report. (6)

R EC REATIO N DISTR ICT #2 O F THE PA RISH O F CO NCO RDIA NO TES TO THE FINA NC IAL STATEM ENTS As ofand forthe YearEnded Decem ber31,2002 NO TE 1 -INTRO D UC TIO N Recreation District#2 ofthe

11 R EC REATIO N DISTR ICT #2 O F THE PA RISH O F CO NCO RDIA NO TES TO THE FINA NC IAL STATEM ENTS As ofand forthe YearEnded Decem ber31,2002 NO TE 1 -INTRO D UC TIO N Recreation District#2 ofthe Parish ofconcordia (Recreation District#2) w as created by an ordinance ofthe Concordia Parish Police Jury on Novem ber 27,1957,in accordance w ith Louisiana Revised Statute 33:4564. The Recreation District#2 is governed by a board offive com m issioners w ho are qualified voters and residents ofthe district.the commissioners are jointly referred to as the board ofcom m issioners and appointed by the m em bers ofthe Concordia Parish Police Jury. The com m issioners serve term s offive years, w hich expire on a rotating basis. The Recreation D istrictw as created forthe purpose ofow ning and operating playgrounds and otherfacilities in the district and to initiate activities thatprom ote recreation forthe generalhealth and w e l- being ofyouth.louisiana law provides thatthe com m issioners m ay receive a per diem of$10.00 foreach meeting they attend,butshalnotbe paid formore than twelve (12)meetings in each year.the commissioners have elected notto receive any com pensation. In addition,the districtem ploys no fu l-tim e em ployees. NO TE 2 -SUM M A RY O F S IG N IFICA NT A C C O U NTING PO LIC IES A. Basis ofpresentation -The accom panying financialstatem ents have been prepared in conformity with generaly accepted accounting principles (GAAP)as applied to governm entalunits. The G overnm entalaccounting Standards Board (GASB)is the accepted standard-seting body forestablishing governmental accounting and financialreporting principles. B. Reporting Entity -As the governing authority ofthe parish,forreporting purposes,the Concordia Parish Police Jury is the financialreporting entity for Concordia Parish.The financialreporting entity consistsof(a)the primary government(police jury),(b)organizations forwhich the primary governmentis financialy accountable,and (c)otherorganizationsforwhich nature and significance oftheirrelationship w ith the prim ary governm entare such that exclusion would cause the reporting entity's financialstatem ents to be m isleading orincom plete.

12 G overnm entalaccounting Standards Board Statem entno.14 established criteria fordeterm ining w hich com ponentunits should be considered partofthe Concordia Parish Police Jury forfinancialreporting purposes. The basic criterion forincluding a potentialcom ponentunitw ithin the reporting entity is financial accountability. The G A SB has setforth criteria to be considered in determ ining financialaccountability. This criteria includes: 1. Appointing a voting majority ofan organization's governing body,and a.the ability ofthe police jury to im pose its wilon thatorganization and/or b. The potentialforthe organization to provide specific financial benefits to orimpose specific financialburdens on the police jury 2. Organizations forwhich the police jury does notappointa voting majority butare fiscaly dependenton the police jury. 3. O rganizations forw hich the reporting entity financialstatem ents w ould be m isleading ifdata ofthe organization is notincluded because ofthe nature orsignificance ofthe relationship. Because the police jury appoints a voting majority ofthe Recreation District's board and said board is fiscaly dependenton the police jury,the districtwas determ ined to be a com ponentunitofthe Concordia Parish Police Jury,the financialreporting entity. The accom panying financialstatem ents present inform ation only on the funds m aintained by the districtand do notpresent information on the police jury,the generalgovernmentservices provided by that governm entalunit,orthe othergovernm entalunits thatcom prise the governm entalreporting entity. C. Fund Accounting -The Recreation Districtuses a fund and an accountgroup to report on its financialposition and the results ofits operations. Fund accounting is designed to dem onstrate legalcom pliance and to aid financial m anagem entby segregating transactions relating to certain governm entfunctions oractivities. A fund is a separate accounting entity w ith a self-balancing setofaccounts. O n the otherhand,an accountgroup is a financialreporting device designed to provide accountability forcertain assets and liabilities thatare notrecorded in the funds because they do notdirectly afectnetexpendable available financial reso urces. (8)

The G eneralfund ofthe R ecreation D istrictis classified as a governm entalfund The G eneralfund accounts forthe District's generalactivities,including the co lection and disbursem entofspecific

13 The G eneralfund ofthe R ecreation D istrictis classified as a governm entalfund The G eneralfund accounts forthe District's generalactivities,including the co lection and disbursem entofspecific orlega ly restricted m onies and the acquisition orconstruction ofgeneralfixed assets. D. Basis ofaccounting -The accounting and financialreporting treatm ent applied to a fund is determ ined by its m easurem entfocus. The G eneralfund is accounted forusing a currentfinancialresources m easurem entfocus. W ith this m easurem entfocus,only currentassets and currentliabilities are genera ly included on the balance sheet.the operating statem entofthe G eneralfund presents increases and decreases in netcurrentassets. The m odified accrual basis ofaccounting is used by the G eneralfund. The G eneralfund uses the fo low ing practices in recording revenues and expenditures. R evenues -Ad valorem taxes and the related state revenue sharing are recorded in the yearthe taxes are assessed. A d valorem taxes are assessed on a calendaryearbasis,becom e due on Novem ber15 ofeach year,and becom e delinquenton Decem ber31. The taxes are genera ly co lected in Decem berofthe currentyearand January and February ofthe ensuing year. Interestincom e on tim e deposits is recorded w hen the interestis earned and could be w ithdraw n. Substantia ly a lotherrevenues are recognized w hen received Expenditures -Expenditures are genera ly recognized underthe m odified accrualbasis ofaccounting w hen the related fund liability is incurred. E. Budgets -Louisiana law exem pts a lspecialdistricts created before Decem ber31,1974,from the requirem ents ofthe LocalG overnm entbudgetact. The Recreation District#2 ofthe Parish ofconcordia was created on Novem ber 27,1957,and,accordingly,is exem ptfrom the budgetary requirem ents,although m anagem enthas determ ined thatthe adoption ofan annualbudgetis desired for controlpurposes. The Recreation District's budgetis prepared on a cash basis of accounting. Unexpended appropriations lapse atyearend,and the Recreation D istrictdoes notem ploy encum brance accounting. F. Cash and Cash Eauivalents -Cash dem and deposits and cash equivalents deposits are stated atcost. Understate ncludes am ounts in interestbearing nclude am ounts in tim e deposits. Tim e law,the D istrictm ay depositfunds in

14 dem and deposits,interest-bearing dem and deposits,m oney m arketaccounts,or tim e deposits w ith state banks organized underlouisiana law and nationalbanks having theirprincipalofi ces in Louisiana. G. Fixed Assets -Fixed assets are recorded as expenditures atthe tim e purchased orconstructed and the related assets are capitalized (reported)in the generalfixed assets accountgroup. Public dom ain orinfrastructures are not capitalized. No depreciation has been provided on generalfixed assets. Fixed assets are valued athistoricalcostorestim ated historicalcost,using the current costforlike item s,ifhistoricalcostis notavailable. H. TotalColum n on Balance Sheet -The totalcolum n on the balance sheetis captioned M em orandum O nly to indicate thatitis presented only to facilitate financialanalysis. Data in this colum n does notpresentfinancialposition in conform ity w ith genera ly accepted accounting principles. Neitheris such data com parable to a consolidation. NO TE 3 -CASH AND C ERTIFICATES O F D EPO SIT AtDecem ber31,2002,the Districthas cash and certificates ofdeposits (book balances),totaling $48,813,as folows: Interest-bearing dem and deposits Tim e deposits $35, Tota $48,813 These deposits are stated atcost,w hich approxim ates m arket. Under state law,these deposits (orthe resulting bank balances)mustbe secured by federaldepositinsurance orthe pledge ofsecurities ow ned by the fiscalagent bank. The m arketvalue ofthe pledged secudfies plus the federaldeposit insurance m ustata ltim es equalthe am ounton depositw ith the fiscalagent.at December31,2002,the Districthas $48,813 in deposits(colected bank balances).these deposits are secured from riskby federaldepositinsurance. (10)

15 E 4 -C HA N A sum m ary ofchanges n generalfixed assets forthe yearended Decem ber fo low s: Balance,January 1,2002 Additions $64,500-0" $68, $132, Balance,Decem ber31,2002 $64,50. 0 AtDecem ber31,2002,approxim ately 35 percentofthe generalfixed assets are recorded athistoricalcostand 65 percentare recorded atestim ated historical cost. The Recreation Districtis located on land ow ned by the Concordia Parish Schoo Board. O n February 3,1987,the schoolboard and the districtrenew ed an existing agreem entw hich provides foruse ofthe land by the Recreation District. This agreem entw ilexpire February 2, RECO NC ILIATIO N O F R EVENUES A ND EXPEND ITURES W IT ~F('t.t:IPTS AND D ISBU RSEM ENTS ~ The budgetcom parison presented in the accom panying financialstatem ents includes the originaladopted budget. The fo low ing is a reconciliation ofthe excess ofrevenues overexpenditures on the statem enton page 5 to the statem enton page 6: Excess (deficiency)ofrevenuesoverexpenditures (Page 5) Adjustments for: Currentyearaccruals (net) Prioryearaccruals (net) Excess (deficiency)ofreceipts overdisbursements (Page 6) $ 11,120 33,524 (34,265) $10,379 TAX E The Districtis authorized to and has levied a 6.22 m ilad valorem tax for2002 for the operation and m aintenance ofthe D istrict. (11)

16 N O TE 7 -LIT IG A T IO N The Districtis notinvolved in any litigation atdecem ber31,2002 NO TE 8 -EM PLO Y EE BEN EFITS The Districthas no fu l-tim e em ployees and does notparticipate in any retirem ent plan tdoes notoferany otherem ployee benefits (12)

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~x~ro~n~ces.~ [Y. copies ~ron'~~bl~ c00y and PLACE BACK in ~:ILE) ~I O F/h:'~;,, ~x~ro~n~ces.~ [Y copies ~ron'~~bl~ c00y and PLACE BACK in ~:ILE) ~I C O NC O R D IA PA RISH A IR PO RT A UTHO R ITY C O N C O R D IA PA R IS H PO LIC E JU R Y Vidalia,Louisiana C om ponentu