ap~releasedate"~"~'~-

Transcription

1 AM1TE,LOUISIANA FINANCIALREPORT June30,201 ap~releasedate"~"~'~-

2 GeneralPurposeFinancialStatements AMITE,LOUISIANA AsofandfortheYearEndedJune30,201 WithSuplementalInformationSchedules CONTENTS IndependentAuditor'sReport STATEMENT SC IEDULEPAGE GeneralPurposeFinancialStatements GovemrnentalFundTypes: CombinedBalanceShet-AlFundTypesandAcountGroups A CombinedStatementofRevenues,Expenditures,andChanges infundbalances B StatementofRevenues,Expenditures,andChangesinFundBalances- NotestodieFinancialStatements Budget(GAPBasis)andActual C SuplementalInformationSchedules- GovernmentalFund-GeneralFund FiduciaryFunds-AgencyFunds ScheduleofRevenuesandExpenditures-Budget(GAPBasis)andActual 2 CombinedBalanceShet., 26 SununaryScheduleofPriorYearAuditFindings ScheduleofChangesinUnsetledBalances 27 CorectiveActionPlanforCurentYearAuditFindings 29 ReportonComplianceandoilInternalControlOverFinancialReporting 30 BasedonanAuditofFinancialStatementsPerformedinAcordance withgovernmentauditingstandards

3 BruceC,Harel,CPA WarenA,Wol,CPA MichaelP.Estay,CPA DaleH.Jones,CPA CharlesP.Hebert,CPA JamesD.Rabalais,CPA TotheHonorableJohnDabaner TangipahoaParishClerkofCourt Amite,Louisiana7042 BRUCEHAREL&CO. CERTIFIEDPUBLICACOUNTANTS AProfe~ionalA~.COun~ngCorporation 109WestMinesotaPark ParkPlaceSuite7 Hamond,LA70403 VOICE:(985) FAX:(985) INDEPENDENTAUDITOR'SREPORT KENTWODOFICE P.O.Box45-909Ave.G Kentwod,LA704 VOJCE~(985) FAX:(985) MEMBERS AmericanInstituteofCPAs SocietyofLouisianaCPAs WehaveauditedtheacompanyingeneralpurposefinancialstatementsoftheTangipahoaParishClerkofCourt, Louisiana,asofandfortheyearendedJune30,201,aslistedinthetableofcontents.Thesegeneralpurposefinancial statementsaretheresponsibilityofthetangipahoaparishclerkofcourt'smanagement.ouresponsibilityistoexpres anopiniononthesegeneralpurposefinancialstatementsbasedonouraudit. WeconductedourauditinacordancewithauditingstandardsgeneralyaceptedintheUnited.StatesofAmericandthe standardsaplicabletofinancialauditscontainedingovernmentauditingstandards,isuedbythecomptrolergeneral oftheunitedstates.thosestandardsrequirethatweplanandperformtheauditobtainreasonableasuranceabout whetherthefinancialstatementsarefreofmaterialmistatement.anauditincludesexamining,onatestbasis,evidence suportingtheanlountsandisclosuresinthefmaneialstatements.anauditalsoincludesasesingtheacounting principlesusedandsignificantestimatesmadebymanagement,aswelasevaluatingtheoveralfinancialstatement presentation.webelievethatourauditprovidesareasonablebasisforouropinion. Inouropinion,thegeneralpurposefinancialstatementsreferedtoabovepresentfairly,inalmaterialrespects,thefinancial positionofthetangipahoaparishclerkofcourt,louisiana,asofjune30,201,andtheresultsofitsoperationsforthe yearthenendedinconformitywithacountingprinciplesgeneralyaceptedintheunitedstatesofamerica. InacordancewithGovernmentAuditingStandards,wehavealsoisuedoureportdatedOctober6,201,onour considerationofthetangipahoaparishclerkofcourt'sinternalcontroloverfinancialreportingandourtestsofits compliancewithcertainprovisionsoflaws,regulations,contractsandgrants.thisreportisanintegralpartofanaudit performedinacordancewithgovernmentalauditingstandards,andshouldbereadinconjunctionwiththisreportin consideringtheresultsofouraudit Ourauditwasperfomaedforthepurposeoforminganopiniononthegeneralpurposefinancialstatementsofthe TangipahoaParishClerkofCourt,Louisiana,takenasawhole.Theaceompanyingschedulesarepresentedforpurposes ofaditionalaualysisandarenotarequiredpartofthegeneralpurposefinancialstatements.suchinformationhasben subjectedtotheauditingproceduresapliedintheauditofthegeneralpurposefinancialstatementsand,inouropinion,is fairlystated,inalmaterialrespects,inrelationtothegeneralpurposefinancialstatementstakenasawhole. BraceHarel&Company,CPAs AProfesionalAcountingCorporation October6,201

4 ASETSANDOTHERDEBITS Asets: Cashandcashequivalents Investments Receivables Duefromotherfunds Duefromothergovernments Land,buildings,andequipment Otherdebits-amountavailablein debtserviceforetirementof generalong-termdebt TOTALASETSAND OTHERDEBITS LIABILITIES Liabilities: Acountspayable Payrolpayables Duetotherfunds Unsetledeposits Sickleavepayable Compensatedabsencespayable TotalLiabilities EquityandOtherCredits Investmentsingeneral fixedasets Fundbalances: Reserved Unreserved AM1TE,LOUISIANA ALFUNDTYPESANDACOUNTGROUPS TotalEquitymadOtherCredits CombinedBalanceShet June30,201 TOTALIABILITIES,EQUITY,AND OTHERCREDITS Theacompanyingnotesareanintegralpartofthesestatements GOVERNMENTALFUNDTYPES GENERAL FUND $927,091$ 1,098,940 16, ,921 10,340 SPECIAL REVENUE FUND 17,60$ 150,0 $~ $26760$ 49,512$ 4,273 26, , ,763$ 254, DEBT SERVICE FUND 174, ,

5 STATEMENTA FIDUCIARY FUNDS- AGENCY FUNDS GENERALGENERAL FIXEDLONG-TERM ACOUNTGROUP AS~'S DEBT MEMORANDUM TOTAL ONLY) 2,057,489 1,296,20 76,050 5,048 3,276,520 2,395, ,401 40,971 1,370,65 1,370,65 10, $ ,219,86 214,921 $ 62, ,80 3,219,86 4, ,80 40, _ ,370,65 1,370, , $ $

6 GOVERNMENTALFUNDTYPES AMITE,LOUISIANA CombinedStatementofRevenues,Expenditures, STATEMENTB FortheYearEndedJune30,201 andchangesinfundbalances GENERAL SPECIAL REVENUES FUND REVENUE FUND SERVICE DEBT FUND Licensesandpermits Fes,charges,andcomisionsforservices: $ Useofmoneyandproperty-interest&dividendsearnings Courtcosts,fes,andcharges Miscelaneous Fesforecordinglegaldocuments 2,060,825 25,475$ 1,02, ,562 Totalrevenues ,94 1, EXPENDITURES Generalgovernment: Personalservicesandrelatedbenefits Operatingservices Materialsandsuplies 1,780,27 Travelandothercharges 296, ,191 Capitalexpenditures 62, ,838 5,52 EXCESOFREVENUESOVEREXPENDITURES Totalexpenditures , OTHERFINANCINGSOURCES (135,80) Saleofixedasets OperatingtransfersIn(Out) 9,0 Totalotherfinancingsources 9.0 EXCESOFREVENUESANDOTHERFINANCING FUNDBALANCEATBEGININGOFYEAR SOURCESOVEREXPENDITURES 1,264, ,256 (135,80) ,902 FUNDBALANCEATENDOFYEAR 2,050,460$254,837$ 174,340 Theacompanyingnotesarcanintegralpartofthesestatements 6

7 TANG1PAHOAPARISHCLERKOFCOURT AMITE,LOUISIANA GOVERNMENTALFUNDS-GENERALFUND StatementofRevenues,Expenditures,and ChangesinFundBalances-Budget (GAPBasis)andActual FortheYearEndedJune30,201 REVENUES Licensesandpermits Fes,charges,andcomisionsforservices: Courtcost,fes,andcharges Fesforecordinglegaldocuments Useofmoneyandproperty-interestandividends Miscelaneous Totalrevenues EXPENDITURES Generalgovenmlent: Personalservicesandrelatedbenefits Operatingservices Materialsandsuplies Travelandothercharges Capitalexpenditures Totalexpenditures EXCESOFREVENUES(EXPENDITURES) OTHERFINANCINGSOURCES(USES) Saleofixedasets Operatingtransferin Operatingtransferout Totalotherfinancingsources(uses) GENERALFLrND BUDGETACTUAL VARIANCE- FAVORABLE (UNFAVORABLE) 24,0$25,475$ 1,848,0 949,0 120, ,794, ,10 215,734 74, ,060,825 1,02, ,562.54r ,780,27 296, ,191 62, , ,825 73, , ,179 25,080 10,543 1, ~69~4.462fi3~230 6~ , ,0 9.0 EXCESOFREVENUESANDOTHERFINANCING SOURCES(EXPENDITUKES) 303, ,256 FUNDBALANCEBEGININGOFYEAR FUNDBALANCENDOFYEAR Theacompanyingnotesareanintegralpartofthesestatements 1~264, ,302 1~568fl58$ $482~30.2

8 STATEMENTC SPECIALREVENUEFUND BUDGET ACTUAL FAVORABLE VARIANCE- $ 7,0 6, (6) 101,20 5,750 8,50 129,838 5,52 7,514 (28,638) ,874 (27,424) (108,450)(135,80) (27,430) 08,450)(135,80) (27,430) $282,267$._254.,_837$(27,430)

9 Amitc,Louisiana NotestotheFinancialStatements INTRODUCTION AsofandfortheYearEndedJune30,201 AsprovidedbyArticleV,Section28oftheLouisiauaConstitutionof1974,theclerkofcourtservesasthex-oficio notarypublic;therecorderofconveyances,mortgages,andotheracts;andhasotherdutiesandpowersprovidedby law.theclerk&courtiselectedforafour-yearterm, 1.SUMARYOFSIGNIFICANTACOUNTINGPOLICIES A.BASISOFPRESENTATION TheacompanyingeneralpurposefinancialstatementsoftheTangipahoaParishClerkofCourthaveben preparedinconformity~4thaeountingprineiplesgeneralyaceptedintheunitedstatesofameriea(gap)as apliedtogovernmentalunits.thegovernmentalaeountingstandardsboard(gasb)istileacepted standard-setingbodyforestablishingovernmentalaceountingandfinancialreportingprinciples. B.REPORTINGENTITY Thelerkofcourtisanindependentlyelectedoficial:however,theclerkofcourtisfiscalydependentonthe TangipahoaParishCouncil.Thecouncilmaintainsandoperatestheparishcourthouseinwhichtheclerkofcourt's oficeislocatedandprovidesfundsforequipmentandfurnitureoftheclerkofcourt'sofice.becausetheclerk ofcourtisfiscalydependentonthecouncil,theclerkofcourtwasdeterminedtobeacomponentunitofthe TangipahoaParishCouncil,thereportingentity. Theacompanyingfinancialstatementspresentinformationonlyolthefundsmaintainedbytheclerkofcourtando notpresentinformationonthecouncil,thegeneralgovernmentservicesprovidedbythatgovenunentalunit,ortheother govenmleutalunitsthatcomprisethefinancialreportingentity. C.FUNDACOUNTING Theclerkofcourtusesfundsandacountgroupstoreportonitsfinancialpositionandtheresultsofitsoperations. Fundacountingisdesignedtodemonstratelegalcomplianceandtoaidfinancialmanagementbysegregating transactionsrelatingtocertaingovernmentalfunctionsoractivities. Afundisaseparateacountingentitywithaself-balancingsetofacounts.Ontheotherhand,macountgroupis afinancialreportingdevicedesignedtoprovideacountabilityforcertainasetsandliabilitiesthatarenotrecordedin thefundsbecausetheydonotdirectlyafectnetexpendableavailablefinancialresources. Fundsoftheclerk&courtareclasifiedintotwocategories:governmentalandfiduciary.Inturn,eachcategoryis dividedintoseparatefundtypes.thefundclasificationsandadescription&eachexistingfundtypefolow:

10 NotestotheFinancialStatements Amite,Louisiana AsofandfortheYearEndedJune30,201 (Continued) GovernmentalFunds Govenmrentalfundsareusedtoacountforalormostoftheclerkofcourt'sgeneralactivitieșincludingthe colectionandisbursementofspecificorlegalyrestrictedmonies,theacquisitionorconstructionofgeneralfixed asets,andfileservicingofgeneralong-tem~debt,govenm~entalfundsinclude; GeneralFund TheGeneralFund,asprovidedbyLouisianaRevisedStatute13:781,istheprincipalfundoftheclerkof courtandacountsfortheoperationsoftheclerk'sofice.thevariousfesandchargesduetotheclerk's oficeareacountedforinthisfund,generaloperatingexpendituresarepaidfromthisfunḍ SpecialRevenueFund TheSpecialRevenueFundacountsforfireprocedsofspecificrevenuesourcesthatarelegalyrestricted toexpendituresforspecifiedpurposes. DebtServiceFund TheDebtServiceFundisestablishedtoacountfortransactionsrelatingtoresourcesretainedandused forthepaymentofprincipalandinterestonthoselong-termobligationsrecordedinthegenerallong-tema AgencyFunds DebtAcountGroup. TheAdvanceDepositandRegistryofCourtAgencyFundsacountforasetsheldasanagentforothersȦgency D.BASISOFACOUNTING fundsarecustodialinature(asetsequaliabilities)andonotinvolvemeasurementofresultsofoperations. Basisofacountingreferstowhenrevenuesandexpendituresarerecognizedinfl~eacountsandreportedintile financialstatements.basisofacountingrelatestothetimingofthemeasurementsmade,regardlesofthe measurementfocusaplied.thegovernmentalfundsareacountedforusingaflowofcurentfinancialresources measurementfocus.theacompanyingeneralpurposefinancialstatementshavebenpreparedonthemodified acrualbasisofacounting.thegovernmentalfundsusethefolowingpracticesinrecordingrevenuesand expenditures: Revenues Revenuesfromrecordings,copies,andotherservicesarerecognizedwhentheybecomemeasurableandavailable

11 TANG1PAHOAPARISHCLERKOFCOURT NotestotheFinancialStatements Amite,Louisiana AsofandfortheYearEndedJune30,201 (Continued) asnetcurentasets(i.e.whentheserviceisperformed).substantialyalotherevenuesarerecordedmien received. Expenditures Expendituresaregeneralyrecognizedunderthemodifiedacrualbasisofacountingwhentilerelatedfuladliability E.BUDGETPRACTICES isincured. Theproposedbudgetfordae201fiscalyearwasmadeavailableforpublicinspectionatileclerk'soficeonMay24, 20.Thepr~p~sedbudget~prepared~nthem~di~eda~rua~basis~fa~c~unting~waspublishedinthe~ieia~j~uma~ priortothepublichearing.thebudgethearingwasheldatheclerk'soficeonjune9,20.thebudgetislegaly adoptedandamended,asnecesary,bytheclerk.alapropriationslapseatyearend. Formalbudgetintegrationisnotemployedasamanagementcontroldevice.Budgetamountsincludedinthe acompanyingfinancialstatementsincludetheoriginaladoptedbudgetandalsubsequentamendments. F.ENCUMBRANCES Theclerkofcourtdoesnotuseanencumbranceacountingsystem. G.CASHANDCASHEQUIVALENTSANDINVESTMENTS Cashincludesamountsindemandeposits,interest-bearingdemandeposits,andtimedeposits.Cashequivalents includeamountsintimedepositsandthoseinvestmentswithoriginalmaturitiesof90daysorles.understatelaw, theclerkofcourtmaydepositfundsindemandeposits,interest-bearingdemandeposits,ortimedepositswithstate banksorganizedunderlouisianalaworanyotherstateoftheunitedstates,orunderthelawsoftheunitedstates. H.INVESTMENTS InvestmentsarelimitedbyR.S.3:295andtheclerkofcourt'sinvestmentpolicy.Iftheoriginalmaturitiesof investmentsexced90days,theyareclasifiedasinvestments:however,iftheoriginalmaturitiesare90daysorles, theyareclasifiedascashequivalents.investmentsarecariedatfairmarketvalue. TheClerkofCourtmaintainsomeinvestmentsintheLouisianaAsetManagementPol(LAMP),anonprofit corporationformedbyaninitiativeofthestatetreasurerandorganizedunderthelawsoflouisiana,whichoperates alocalgoverumentinvestmentpol.lampinvestsitsasetsonlyinsecuritiesandotherobligationspermisibleunder Louisianalawforlocalgoveranlents.

12 NotestotheFinancialStatements Amite,Louisiana AsofandfortheYearEndedJune30,201 (Continued) LAMPisanexternalinvestmentpolflatisnotregisteredwiththeSECasaninvestmentcompany,butnevertheles operatesinamanerconsistentwiththesec'srule2a7oftheinvestmentcompanyactof1940.gasb31, Ac~untingandFinancia~Rep~rtingf~rCertain1nvestmentsandf~rExterna~1nvestmentP~s~requiresthereporting ofinvestmentpositionsin2a7-1ikepols(suchaslamp)bebasedonthepol'shareprice. I.FIXEDASETS Fixedasetsarerecordedasexpendituresathetimepurchased,andtherelatedasetsarecapitalizedinfilegeneral fixedasetsacountgroup.generalfixedasetsprovidedbytheparishcouncilarenotrecordedwithinthegeneral fixedasetsacountgroup.nodepreciationhasbenprovidedongeneralfixedasets.alfixedasetsarevaluedat historicalcostorestimatedcostifhistoricalcostisnotavailable. J.COMPENSATEDABSENCES Tileclerkofcourthasthefolowingpolicyrelatingtovacationandsickleave SickLeave Eachemployeisgranted13daysforsickleaveathebeginingofeachyear.Itmaybecariedoverathend ofeachyear.intheventofmajorsurgery,childbirth,orextendedhospitalconfinement,aperiodnotoexced 30dayswilbealowedathediscretionoftheclerkofcourt.Anyholidaysfalingwithinthis30dayperiodwil beincludedinthe30days,andcanotbeadedtothisperiod.after30days,themployewilbeconsideredon leavewithoutpay,providedalotherleavehasbenexhausted.theliabilityof$128,80forvestedacumulating rightstoreceivesickpaybenefits,isrecordedinthegeneralong-termdebtacountgroup. Vacation Tenvacationdaysaregrantedtoeachemployeathebegimlingofeachyear,employeswith10yearsoful-time servicearegiven15vacationdays.unusedvacationdaysconvertosickleaveathendofthemployes'year. Thecostofleaveprivileges,computedinacordancewithGASBCodificationSectionC60,isrecognizedasa K.LONG-TERMDEBT curent-yearexpenditureinthegeneralfundwhenleaveisactualytaken. Long-ternlobligationsexpectedtobefinancedfromtheGeneralFundarereportedinthegeneralong-termdebtacount group.expendituresforprincipalandinterestpasanentsforlong-termobligationsarerecognizedinthegeneralfnd whendue. 12

13 TANG1PAHOAPARISHCLERKOFCOURT NotestotheFinancialStatements Amite~Louisiana L.FUNDEQUITY AsofandfortheYearEndedJune30,201 (Continued) ReseFves Reservesrepresenthoseportionsofundequitynotapropriableforexpendituresorlegalysegregatedforafuture use. DesignatedFundBalances M.TOTALCOLUMNSONSTATEMENTS Designatedfundbalancesrepresententativeplansforfutureuseofinancialresources TotalcolunmsonthestatementsarcaptionedMemorandumOnlytoindicatethatheyarepresentedonlytofacilitate fium~cialanalysis.datainthesecolumnsdonotpresentfinancialpositionoresultsofoperationsineonfomlitywith acountingprinciplesgeneralyaceptedintheunitedstatesofamerica.neitherisuchdatacomparabletoa 2.CASHANDCASHEQUIVALENTS consolidation. AtJune30,201,theclerkofcourthascashandcashequivalents(bokbalances)totaling$3,276,520,asfolows Interest-bearingDemandDeposits TimeDeposits $2,426,520 Total 850,0 Thesedepositsarestatedatcost,whichaproximatesmarket.Understatelaw,thesedeposits(ortheresultingbank balances)mustbesecuredbyfederaldepositinsuranceorthepledgeofsecuritiesownedbythefiscalagentbank.the marketvalueofthepledgedsecuritiesplusthefederaldepositinsurancemustataltimesequaltheanaountondepositwith thefiscalagentbank.thesesecu~tiesarehe~dinthename~fthep~edging~s~a~agentbanki~ah~ding~rcast~dia~bank thatismutualyaceptabletobothparties. AtJune30,201,theclerkhas$3,369,153indeposits(colectedbankbalances).Thesedepositsaresecuredfromriskby $1,246,832ofederaldepositinsuranceand$2,12,321ofpledgedsecuritiesheldbythecustodialbankinthenameofthe fiscalagentbank(gasbcategory3). Eventhoughthepledgedsecuritiesareconsidereduneolateralized(Category3)undertheprovisionsofGASBStatement 3,LouisianaRevisedStatute39:129imposesastatutoryrequirementonthecustodialbanktoadvertiseandselthepledged securitieswithin10daysofbeingnotifiedbytheclerkofcourthathefiscalagenthasfailedtopaydepositedfimdsupou demand. 13

14 NotestotheFinancialStatements Amite,Louisiana AsofandfortheYearEndedJune30,201 (Continued) 3.INVESTMENTS Investmentsarecategorizedintothesethrecategoriesofcreditrisk: I. Insuredoregistered,orsecuritiesheldbytheclerkoritsagentintheclerk'sname Uninsuredandunregistered,withsecuritiesheldbytheounterparty'strustdepartmentoragentinthe clerk'sname IUninsuredm~dunregistered,withsecuritiesheldbythecounterparty,orbyitstrustdepartmentoragem AlinvestmentsheldbytheclerkofcourtfalintocategoryIcreditrisk,definedas"insuredoregistered,orsecuritiesheld butnotintheclerk'sname bytheclerkofcourtoritsagentintheclerk&court'sname."inacordancewithgasb3i,acountingandfinancial ReportingforCertainInvestmentsandforExternalInvestmentPols,alinvestmentsarecariedatfairmarketvalue,with thestimaledfairmarketvaluebasedonquotedmarketprices. AtJune30,201,theclerkofcourtholdsinvestmentstotaling$2,395,160asfolows Carying CMAMoneyMarket-MerilLynch BankCD-MerilLynch $151 Amount LAMP 20,21 $151 Market Value Total 2,194,78 2,194,78 20,21, $2,395,160$2,395,160 Alinvestmentsarestatedonthebalanceshet(caryingvalue)atfairmarketvalue.Alinvestments,exceptLAMP,are.~, inthenameoftheclerkandareheldatheclerk'sofice.becausetheseinvestmentsareinthenameoftheclerkandare heldbytheclerkortheclerk'sagent,theinvestmentsareconsideredinsuredandregistered,category(1),inaplyingthe creditriskofgasbcodificationsection InacordancewithGASBCodificationSectionI50.165,theinvestmentinLAMPatJune30,201,isnotcategorizedin thethreriskcategoriesprovidedbygasbcodificationsection becausetheinvestmentisinthepolofundsand thereforenotevidencedbysecuritiesthatexistinphysicalorbokentryform.lampisadministeredbylamp,lne.,a nonprofitcorporationorganizedunderthelawsofthestateoflouisiana,whichwasformedbyaninitiativeofthestate Treasurerin193.ThecorporationisgovernedbyaboardofdirectorscomprisingtheStat~Treasurer,representatives

15 NotestotheFinancialStatements Amite,Louisiana AsofandfortheYearEndedJune30,201 (Continued) fromvariousorganizationsoflocalgovernment,thegovernmentfinanceoficeasociationoflouisiana,andtilesociety &LouisianaCPAs.OnlylocalgovernmentshavingcontractedtoparticipateinLAMPhaveaninvestmentinterestinits pol&asets.theprimaryobjectiveoflampistoprovideasafenvironmentfortheplacementofpublicfundsinshortterm,high-qualityinvestments.thelampportfolioincludesonlysecuritiesandotherobligationsinwhichlocal governmentsinlouisianareauthorizedtoinvest.acordingly,lampinvestmentsarerestricted"tosecuritiesisued, guaranted,orbackedbytheu.s.treasury,theu.s.government,oroneofitsagencies,enterprises,orinstrumentalities, aswelasrepurchaseagrementscolateralizedbythosesecurities.thedolarweightedaverageportfoliomaturityof LAMPasetsisrestrictedtonotmorethan90days,andconsistsofnosecuritieswithamaturityinexcesof397days. LAMPisdesignedtobehighlyliquidtogiveitsparticipantsinmaediateacestotheiraecontbalances. 4.DUETO/FROMOTHERFUNDS Thedueto/fromotherfundsof$40,971,atJune30,201,isasfolows GeneralFund DueFrom SpecialRevenueFund $214,921 DueTo AdvanceDepositFund 150,0 Total 76,050 $26,050 $40,971$40, ,921 5.RECEIVABLES Thereceivablesof$121,401atJune30,201,areasfolows ClasofReceivable: General AcountsReceivable Fund Agency NSFReceivable $15,61 Funds Total Total $16,353.$5,048$121, ,048 $15,61 5,790 15

16 Amite,Louisiana NotestotheFinancialStatements (Continued) AsofandfortheYearEndedJune30,201 6.CHANGESINGENERALFIXEDASETS Asumaryofchangesingeneralfixedasetsfolows: Balance July1, 20 AditionsDeletions Land Buildings Furniture OficeEquipment DataProcesing Vehicles IntemetConversion MicrofilmConversion Total 7.PENSIONPLAN $27,80 174, , ,781 29,737 2,020 1, ,237 $ 27,94 13,371 12,386 30,0 54,906 $ 6,747 12,386 2,020 54,906 Balance June30, 201 $27,80 202, , ,781 29, ,151 $1,328,17$138,607$96,05 143,237 ~.$_$1,370,65 PlanDescription.SubstantialyalemployesoftheTangipahoaParishClerkofCourtaremembersoftheLouisiana ClerksofCourtRetirementandReliefFund(System),acost-sharing,multiple-employerdefinedpensionplanadministered byaseparateboardoftrustes. Alregularemployeswhoareundertheageof60athetimeoforiginalemploymentarerequiredtoparticipateinthe System.Employeswhoretireatorafterage5withatleast12yearsofcreditedservicearentitledtoaretirementbenefit, payablemonthlyforlife,equalto3percentoftheirfinal-averagesalaryforeachyearofcreditedservice,notoexced10 percentoftheirfinal-averagesalary.final-averagesalaryisthemploye'saveragesalaryoverthe36consecutiveor joinedmonthsthatproducethehighestaverage.employeswhotemfinatewithatleast12yearsofserviceandonot withdrawtheiremployecontributionsmayretireatorafterage5andreceivethebenefitacruedtotheirdateof termination.thesystemalsoprovidesdeathandisabilitybenefits.benefitsarestablishedmadamendedbystatestatute. TheSystemisuesananualpubliclyavailablefinancialreportflintincludesfinancialstatementsandrequiredsuplemental informationofthesystem.thatreportmaybeobtainedbywritingtothelouisianaclerkofcourtretirementandrelief Fund,1745BricksomcAvenue,SuiteB1,BatonRouge,Louisiana70816,orbycaling(25)

17 NotestotheFinancialStatements Amite,Louisiana AsofandfortheYearEndedJune30,201 (Continued) FundingPolicy.Planmembersarerequiredbystatestatutetocontribute8.25percentoftheiranualcoveredsalaryand t~etangipah~apa~shc~erk~fc~urtisrequiredt~ntrib~teatana~tuaria~ydet~nin~drat~.thecurentrateis10.0 percentofanualcoveredpayrol.contributionstothesystemalsoincludeone-fourthofonepercent(one-halfofone percentfororleansparish)ofthetaxeshowntobecolectedbythetaxrolsofeachparish.thecontributionrequirements ofplanmembersandthetangipahoaparishclerkofcourtarestablishedandmaybeamendedbystatestatute.as providedbylouisianarevisedstatute1:103,themployercontributionsaredeterminedbyactuarialvaluationandare subjectochangeachyearbasedontheresultsofthevaluationforthepriorfiscalyear.thetangipahoaparishclerk &Court'scontributionstotheSystemfortheyearsendingJune30,201,20,and19,were$214,385,$202,923and $9,718,respectively,equaltotherequiredcontributionsforeachyear. DeferedCompensationPlan TheTangipahoaParishClerkofCourtalsofersitsemployesadeferedcompensationplancreatedinacordancewith lntemalrevenuecodesection457.theplan,availabletoalclerkofcourtemployes,permitsthemtodeferaportion oftheirsalaryuntilfutureyears.thedeferedcompensationisnotavailabletoemployesuntiltermination,retirement, death,orunforeseablemergency. Alamountsofcompensationdeferedundertheplan,alpropertyandrightspurchasedwiththoseamounts,andalincome atributabletothoseanaounts,property,orightsarethesoleownershipoftheparticipants.thetangipahoaparishclerk ofcourthasnofinancialorfiscalresponsibilitytothedeferedcompensationplan. 8.OTHERPOSTEMPLOYMENTBENEFITS Theclerkofcourtofersalretiredemployeshealthinsurancebenefits.Theclerkandtheretiredemployeachpayonehalfofthepremiumonapay-as-you-gobasis.AtJune30,201,tenretiredemployeswerecoveredundertheclerk'shealth insuranceplan.thecostotheclerkofcourtfortheyearendedjune30,201,was$19, COMPENSATEDABSENCES AtJune30,20],employesoftheclerkofcourthaveacumulatedandvested$16,230ofemployeleavebenefits, computedinacordancewithgasbcodificationsectionc60.ofthismnount,$37,350isrecordedasanobligationof thegeneralfired,and$128,80isrecordedwithinthegeneralong-termdebtacountgroup. Theclerkofcourtrecordsitemsundercapitaleasesasanasetandanobligationintheacompanyingfinancialstatements 10.LEASES Theclerkofcourthadnocapitaleasesathendoftheyear. Theclerkofcourthadnoperatingleasesofmorethantwelvemonthsathendoftheyear 17

18 NotestotheFinancialStatements Amite,Louisiana AsofandfortheYearEndedJune30,201 (Continued) 1I.CHANGESINAGENCYFUNDBALANCES Asuaryofchangesinagencyfundunsetledepositsfolows AgencyFunds Depositsat Unsetled Begining Unsetled AdvanceDeposit ofyear RegistryofCourt $3,240,82 Aditions Deletions Depositsat Endof Year Total $5,37,538 2,096,716 $1,82,517$2,594,042$2,469,297 $ ,737 2,213, ,589 CHANGESINGENERALONG-TERMDEBT Tilefolowingisasumaryofthelong-termdebtransactionsduringtheyear $4,807,906$3,20,86 Long4endebtpayable Aditions atjuly1,20 $126,640 Deletions 2,240 Long-termdebtpayable AtJune30,201 $ LouisianRevisedStatute13:785requiresthateveryfouryears(atilecloseofthetermofofice)theclerkofcourtmust EXCESFUNDBALANCE paytileparishtreasurertileportionofthegeneralfund'sfundbalancethatexcedsone-half&therevenuesoftheclerk's lastyearofhistermofofice.atjune30,201,therewasnoamountduetheparishtreasurerasthiswasnotlelastyear oftheclerk'sfour-yeartermofof~ce,andnodeternfinationoftheamounthatwilbedue,ifany,canbemadeathistime. Sefotnote19. AtJune30,201,fl~eclerkofcourthasnopendingsuits LITIGATIONANDCLAIMS Claimsandlitigatoncostsof$6,747wereincuredinthecurentyearandha,~ebenrecordedasacurent-yearexpenditure inthegeneralfund.

19 NotestotheFinancialStatements Amite,Louisiana AsofandfortheYearEndedJune30,201 (Continued) Certainoperatingexpendituresoftheclerk'soficearepaidbytheparishcouncilandareincludedintheacompanying EXPENDITURESOFTHECLERKOFCOURTPAIDBYTHEPARISHCOUNCIL financialstatements. 16.COMITMENTSANDINTERGOVERNMENTALSERVICEAGREMENT OnSeptember28,194,theTangipahoaParishClerkofCourtmidtheTangipahoaParishTaxAsesorenteredintoan agrementojointlyfundanewmapingsystemthenewmapingsystemistobecapableofproduoingov~ershipmal~s includingroadsandriversintangipahoaparish,andalsobeabletocreatemapsofalelectiondistricts.themaping divisionwilconsistofonemployefromtheclerkofcourt'sofice,onemployefromthetaxasesor'sofice,anda teamleader,whowilbecompensatedbyfl~eclerkofcourt'sofice.alexpensesincured,includingaerialphotography, wilbetheresponsibilityofthemunicipalitiesoran),othergovernmentalagencydesiringagis. OnApril24,20theTangipahoaParishClerkofCourtenteredintoacontractoprovidehistoricalbackfileconversion servicescreatingcomputerimagesforcertainhistoricrecordfiles.thisprojectwilconverthistoricaldatafrom1970to 19.Thecostofthiscontractisestimatedat$58,013.TheTangipahoaParishClerkofCourthaspaid$54,906,asof June30,201onthisprojectandhasreservedtheremainingbalanceof$3,107intheGeneralFund. OnJune15,20theTangipahoaParishClerkofCourtenteredintoacontractoenhmacetheTangipahoaParishClerk ofcourtofice'swebpresence,withparticularemphasisontheconstituents'webinterface,providetransactionprocesing forcreditcardprocesing,andinterfacewiththeimageretrievalsystem.thecostofthiscontractisestimatedat$95,0. TheTangipahoaParishClerkofCourthaspaid$60,0asofJune30,201onthisprojectandhasreservedtheremaining balanceof$35,0inthegeneralfund. OnJune27,20,theTangipahoaParishClerkofCourtenteredintoacontractodevelopaparcelbasemapof TangipahoaParishconsistingofaproximately32,0parcels.Thecostofthiscontractisestimatedat$38,480.The TangipahoaParishClerkofCourthaspaid$125,734asofJune30,201ontifsprojectandhasreserved$254,837infile SpecialRevenueFund. OnJune27,20,theTagipahoaParishClerkofCourtenteredimoacontractoproduceaseriesofStandardOperating Procedures(SOP)handboksandtrainingmanualswhiel~wiladreseachofthefunctionsandepartmentsofthe TangipahoaParishClerk&Court.Thecostofthiscontractisestimatedat$176,0.TheTangipahoaParishClerkof Courthaspaid$124,591asofJune30,201onthisprojectandhasreservedtheremainingbalanceof$51,409inthe GeneralFund. 19

20 TANG1PAHOAPARISHCLERKOFCOURT NotestotheFinancialStatements Amite,Louisiana AsofandfortheYearEndedJune30,201 (Continued) 17.RESERVEDFUNDBALANCE TheamountintheGeneralFundReservedFundBalanceisforcontractsignedbytheTangipahoaParishClerkofCourt. Sefotnote16. ThemnountintheSpecialRevenueFundReservedFundBalancesisforthemapingcontractsignedbytheTangipahoa ParishClerkofCourt,andtheintergovenunentalagrementbetwentheTangipahoaParishClerkofCourtandthe TangipahoaParishAsesor.Sefotnote16. ON-BEHALFPAYMENTSFORFRINGEBENEFITSANDSALARIES FortheyearendedJune30,201,thelerkofcourthadthefolowingon-behalfpayments,whichwererecordedasrevemtes wheureceivedandexpenditureswhenthecostwasincured,asrequiredbyoasbstatement24: ElectionReimbursement FundingSource Clerk'sSuplemental $ Amount 12,240 TotalOn-BehalfPa3anents 14, CONTINGENCIES TheLegislativeAuditorisinvestigatingacomplainthatintheprioryearthereservedportionofthefiredbalanceshould havebenincludedinthecalculationofexcesfundbalance.thiswouldefecthecalculationforamountsduetheparish treasurerathendofthefouryearterm&oficebytheclerkofcourt.alegalopinionisbeingsoughtonthismaterto determinetheamount,ifany,thatwouldbedue. 20

21 GENERALFUND TheGeneralFundservesasthegeneraloperatingfundof'~heclerkofcourt.Itisusedtoacountforal financialresourcesexcepthoserequiredtobeacountedforinanotherfund.

22 AMITE,LOUISIANA GOVERNMENTALFUNDS-GENERALFUND REVENUES Licensesandpenits: Mariagelicenses Pasports Totalicenses&permits ScheduleofRevenuesandExpenditures Budget(GAPBasis)andActual FortheYearEndedJune30,201 Fes,charges,andcomisionsforservices: Courtcost,fes,andcharges: Criminalfes Suits&sucesions Administrationfes Courtatendance Totalfes,charges,andconmfisions forservices Fesforecordinglegaldocuments: Recordings,cancelations,andmortgages Totalfesforecordinglegaldocuments Useofmoneyandproperty-interestandividends Interest&dividends Netincreaseinfairmarketvalueofinvestments Totaluseofmoney Miscelaneousrevenues: MimlteClerkreimbursement Electionreimbursement ParishCouncilreimbursement Clerk'suplemental Electionqualifyingfes Miscelaneous Expungement Mapingcopies Totalnfiselaneousrevenues TOTALREVENUES (Continued) SCHEDULEI GENERALFUND BUDGETACTUAL 20,0$ ,0 1,725, , ,40 10,0 2,50 15,0 5,050 4, $2,94,40 Theacompanyingnotesarem~integralpartofthesestatements 21,725$ ,34 1,935, ~02~ ,314 6~ ,40 12,240 2,625 14,407 4,2073 4, VARIANCE FAVORABLE ~JNFAVORABLE) 1,725 (250) ,34 210,40576 (680) , , ,562 2, (593) (80) (427) 350 (20)

23 GOVERNMENTALFUNDS-GENERALFUND AMITE,LOUISIANA Sd~eduleofRevenuesandExpenditures SCHEDULE1 (Continued) Budget(GAPBasis)andActual FortheYearEndedJune30,201 GENERALFUND EXPENDITURES Generalgovermnent: BUDGETACTUAL VARIANCE Personalservicesandrelatedbenefits: (UNFAVORABLE) Salaryofoficial Salaryofdeputies Salaryofotheremployes 1,130,0 75,O$ Salaryofdeputies-Overtime 26,0 1,109,286 76,238 (1,238) Electionsalary-employes Electionexpense 5,0 34,710 20,714 Custodianofvotingmachines 10,05O 7,245 10,950 (8,710) (2,245) (950) Payroltaxes Medicaretaxes 2,409O0 Retirementcontributions 1,0 2, (278) 713 Grouphealthinsurance Unifomls 210,0 Suplementalcutup,fund 195,0 40,0 214,385 Clerk'suplementalcutup. 30,0 182,327 12,378 (1,378) Ladeferedcolnp. 15,606 35,607 (4,385) Operatingservices: Totalpersonalservicesandrelatedbenefits ,0 25,950 12,673 4,393 4, ~179 15,607 (9,179) (1) Clerk'sexpensealowance Dues&asociationfes 8,50 UCbilings 2,30 8,974 Qualiflngexpense Oficequipmentrepairs&maintenance 38,0 2,198 Insurancexpense Erors&omisionsinsurance 30,0 34,128 5,0 3,715 3,872 (474) 102 Telephone 23,0 27,739 Mariagelicensespouseabuse 5,0 6,39 2,356 Buildingmaintenance&security Profesionalfes 12,0 50,341 (1,39) 4,285 2,261 Legalfes 125,0 1,30 10,320 4, Jurycolrmfision 8,0 1,168 (Continued) Miscelaneous 2,50 18,934 Totaloperatingservices ,747 1, , , , (43) Theacompanyingnotesareanintegralpartofthesestatements 23

24 AMITE,LOUISIANA GOVERNMENTALFUNDS-GENERALFUND ScheduleofRevenuesandExpenditures Budget(GAPBasis)andActual FortheYearEndedJune30,201 Materialsmidsuplies: Oficesuplies Postage Computerexpense Bankcharges Totalmaterialsandsuplies Travelandothercharges: Autoexpense Clerk'svehicle Travel&conventions Training&education Totaltravelandothercharges Capitalexpenditures: Microfilmcontract Archives Computers Furniture Renovations lnteruet Trainingmanual Totalcapitalexpenditures TOTALEXPENDITURES (Concluded) SCHEDULE1 (Continued) GENERALFUND BUDGETACTUAL 145,0$ 39,0 30, ,0 3,0 25,0 40_ ,0 29,0 15,0 15,0 45,206 30, ,84$ 35,757 30, ,902 1,093 19, ,037 54,906 27,504 12,386 13,371 46,97 30,0 104,591 VARIANCE FAVORABLE (UNFAVORABLE) 8,156 3,243 (723) (13) ,098 1,907 5, ,496 2,614 1,629 (1,791) $2_2,69,46$.2,63,230$ Theacompanyingnotesareanintegralpart&thesestatements

25 ADVANCEDEPOSITFUND FIDUCIARYTYPEFUNDS-AGENCYFUNDS TheAdvanceDepositFund,asprovidedbyLouisianaRevisedStatute13:842,acountsforadvancedepositsonsuitsfiled bylitigants.theadvancesarerefundabletothelitigantsafteralcostshavebenpaid. REGISTRYOFCOURTFUND TheRegistryofCourtFund,asprovidedbyLouisianaRevisedStatute13:475,acountsforfundsthathavebenordered byfuecourtobehelduntiljudgementhasbenrenderedincourtlitigations.withdrawalofthefundscanbemadeonly uponorderofthecourt.

26 FIDUCIARYFUNDS-AGENCYFUNDS AMITE,LOUISIANA CombinedBalanceShet June30,201 SCHEDULE2 ADVANCEREGISTRY ASETS DEPOSITOFCOURT Cashandcashequivalents Investments $1,306,068$ FUND FUND TOTAL Receivables Duefromgeneralfund 1,296,20 TOTALASETS , ,421$2,057,489 1,296,20 5,048 $,2~683~386$751,421$3~434~ LIABILITIES Duetogeneralfund Duetotaxingbodiesandothers $214,089$ TOTALIABILITIES 2~469~ ~219~86 214,921 $2,683,386$751,421$3,434,807 Theacompanyingnotesareanintegralpartofthesestatemonts

27 AM1TE,LOUISIANA FIDUCIARYFUNDS-AGENCYFUNDS UNSETLEDEPOSITSAT BEGININGOFYEAR ScheduleofChangesinUnsetledBalances FortheYearEndedJune30,201 ADITIONS Deposits: Suits,sucesionsandjudgments Interest Totaladitions Total REDUCTIONS Clerk'scosts(trausfered togeneralfund) Setlementstolitigants Atorney,curator,andnotaryfes Courtreporters Sherif'sfes Judicalexpense Judgesuplementalcompfund Jurorcost Othereductions Totalreductions UNSETLEDEPOSITSAT ENDOFYEAR ADVANCE DEPOSIT FUND SCHEDULE3 REGISTRY OFCOURT FUND TOTAL $324082$2~096~716$5, ,82, ,935,43 430, ,328 94,845 39,945 5,09 16, Theacompanyingnotesareanintegralpartofthesestatements , ,214, ,614, ,936,19 2,64, ,328 94,845 39,945 5,09 16, ,589$3,219.86

28 SUPLEMENTALINFORMATIONSCHEDULES AsofandfortheYearEndedJune30,201 Amite,Louisiana Thefolow-upandcorectiveactiontakenonalpriorauditfindingsispresentedinthesunm~aryscheduleofprioraudit PRIORYEARFINDINGS findingsinschedule4. ThecorectiveactionplmlforeureutyearauditfindingsispresentedinSchedule5 CURENTAUDITFINDINGS 28

29 SumaryScheduleofPriorYearAuditFindings Amite,Louisiana FortheYearEndedJune30,201 Schedule4 SectionI-InternalControlandComplianceMaterialtotheFinancialStatements TherewerenoPriorYearAuditFindingsforInternalControlorComplianceMaterialtotheFinancialStatements SectionI-ManagementLeter ReferenceNumber98-M2: DescriptionofFinding TheTangipahoaParishClerkofCourtmaintainsacurentlistingofgeneralfixedasets,whichisupdated anualy.tbelistingismaintainedonawordprocesor.itisdificultodeterminetheaditionsand deletionsmadeduringtheyearinordertoreconcilethebeginingandendingbalanceofgeneralfixed asets.werecomendedthatfixedasetrecordsforthetangipahoaparishclerkofcourtbemaintained inaformathatprovidesanauditrailfordetem~iningbeginingbalancesperclasandepartment,aud identificationofaditionsandeletions,necesarytoreconcilendingbalances. CorectiveActionTaken: ReferenceNumber:20-M1 Final DescriptionofFinding DuringfilefinancialauditforthefiscalyearendingJune30,20,wenotedthatheTangipahoaParish ClerkofCourthadnotcompliedwithR.S.13:842(B).Thistatutestatesthatafteranordinarysuithas benfiled,ifaperiodofiveyearselapseswithoutpleadingsbeingfiledandthesuithasbencompletely inactiveduringthisfive-yearperiod,theclerkshalrefundanyunusedbalanceremainingintheclerk's advancedepositfundtothepersonwhomadetheoriginaldeposit,afterpayingalfesorothercharges CorectiveActionTaken ofrecordinthesuit. Fiua 29

30 CorectiveActionPlanforCurentYearAuditFindings Amite,Louisiana Section1-InternalControlandComplianceMaterialtotheFinancialStatements FortheYearEndedJune30,201 Schedule5 TherewerenofindingsforlmemalControlorCompliancethatwerematerialtotheFinancialStatements Section1I-ManagementLeter ReferenceNmnber:201-MI DescriptionofFinding DuringthefinancialauditforthefiscalyearendingJune30,201,wenotedthathe TangipahoaParishClerkofCourtdidnothavealofthereceiptsforchargesouitscredit CorectiveActionPlaned:TheTangipahoaParishClelkofCourtwasoflaeopinionthatsincethevendor'sname cards.mostofthemisingreceiptswereforchargesforconvcutions&travel. apearedonthecreditcardstatement,thatitwouldprovethevalidityofthechargeinthe areaoftravelandconventions.however,filetangipahoaparishclerkofcourtwil implementapolicythatrequiresalreceiptstobeturnedintotheacountingdepartment. NameofContactPersonAlisonTheard,ChiefDeputy TangipahoaParishClerkofCourt AnticipatedCompletionDate:Imediately (985) ReferenceNumber:201-M2 DescriptionofFinding DuringthefinancialauditforthefiscalyearendingJne30,201,wenotedthathe TangipahoaParishClerkofCourt'sSpecialReveueFundexpendituresexceded CorectiveActionPlaned:Theoverexpenditurewascausedbyalargerthanexpectedpayableatilendoftheyear budgetedexpendituresbymorethan5%. TheTangipahoaParishClerkofCourtwiltrytoanticipatethistypeofexpenditurein NameofContactPersonAlisonTheard,ChiefDeputy thefuture. TangipahoaParishClerkofCourt AnticipatedCompletionDate:Imediately (985)

31 Bl~acrC.Hanel,CPA WanenA,Wol,CI'A Mid~aelP.Estay,CPA DaleH.Jones,CI'A CharlesP.Hebert,CPA lamesd.rabalais,cpa BRUCEHAREL&CO. CERTIFIEDPUBLICACOLINTANrI'S AP,ofe~sI~Aceoun~r,9C~po~a[ion 109WestMinesotaPark ParkPlaceSuite7 Hamond,LA70403 VOICE:(985) FAX:(985) KENTWODOFICE P.O.Box45-909Ave.G Kcnlwod,LA704 VOICE:(985) FAX:(985) MEMBERS AmericanInstituteofCI'As SocietyofLouisianaCPAs REPORTONCOMPLIANCEANDONINTERNALCONTROLOVERFINANCIAL REPORTINGBASEDONANAUDITOFINANCIALSTATEMENTSPERFORMED 1NACORDANCEWITHGOVERNMENTAUDITINGSTANDARDS TotheHonorableJolmDahiner TangipahoaParishClerkofCourt kanite,louisiana7042 WehaveauditedthegeneralpurposefinancialstatementsoftheTangipahoaParishClerkofCourtasofandforfileyear endedjune30,201,andhaveisuedoureporthereondatedoctober6,201.weconductedouranditinacordance withauditingstandardsgeneralyaceptedintheulfitedstatesofamericandthestandardsaplicabletofinancialaudits containedingovernmentauditingstandards,isuedbythecomptrolergenera/oftheunitedstates. Compliance AspartofobtainingreasonableasuranceaboutwhethertheTangipahoaParishClerkofCourt'sfinancialstatements arefreofmaterialmistatement,weperformedtestsofitscompliancewithcertainprovisionsoflaws,regulatious, contractsandgrants,noncompliancewithwhichcouldhaveadirectandmaterialefectonthedeterminationof financia/statementamounts.however,providinganopiniononcompliancewiththoseprovisionswasnotan objectiveofourauditand,acordingly,wedonotexpresuchanopiniou.theresultsofourtestsdisclosedno instancesofnoncompliancethatarerequiredtobereportedundergovenmaentauditingstandards.however,we notedcertaininm~ateria/instancesofnoncompliancethatwehavereportedtomanagementoftbetangipahoaparish ClerkofCourtintheCorectiveActionPlanforCurentYearAuditFindingsasitemlmbcr20I-M1and201- M2. InternalControlOverFinancialReporting Inplamfingandperformingourandit,weconsideredtheTangipahoaParishClerkofCourt'sinternalcontrolover financialreportinginordertodetermineourauditingproceduresforthepurposeofexpresingouropinionontbe financialstatementsearlnotoprovideasuranceonthehltemalcontroloverfinaucialreporting.ourconsideration oftheinternalcontroloverfinancialreportingwouldnotnecesarilydisclosealmatersintheinternalcontrolover financialreportingthatmightbematerialweakmeses.amaterialweakalesisaconditioninwhichthedesignor operationofoneormoreoftheinternalcontrolcomponentsdoesnotreducetoarelativelylowleveltherisktlat mistatementsinamountsthatwouldbematerialinrelationtothefinancialstatementsbeingauditedmayocurand notbedetectedwithinatimelyperiodbyemployesinthenormalcourseofperformingtheirasignedfunctions.we notednomatersinvolvingtheinternalcontroloverfinancialreportinganditsoperationthatweconsidertobe materia/weakneses. -31-

32 BRUCEIL~REL&CO. CERTIFIEDPUBLICACOUNTANTS APTo%s~on~Aoun~ir~Ce,iI~tlon Page2 ThisreportisintendedfortheinformationofmanagementandtheLouisianaLegislativeAuditor.However,thisreportis amaterofpublicrecordanditsdistributionisnotlimited. BruceHarel&Company,CPAs AProfesionalAcountingCorporation October6,