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1 LOUISIANA DEPARTM ENT OF AGRICULTURE AND FORESTRY AUDIT DIVISION [i~i,~-5 ~',i~[ ST.LANDRY SO IL A N D W ATER CO NSERVATIO N D ISTRICT O PELO USA S,LO UISIA NA R EPO RT N O Underprovisions of state law,this reporti~;a public docum ent. I~,(:r-:,(~r;!-,~ r('~!)~ ld~,~[~:(~isubm itled to the e!i!:ib/;.!lirl~ :, ROU(]C of'i~_'(, i~, appropriate,~tti~c o [eoithe/pari}hclelkofcourt Release Date A N NUA L FINA NCIA L STATEM ENTS FO R TH E Y EA R EN D ED JU N E 30,2001

2 LOU ISIANA DEPA RTM ENT OF A GRICUL TUR E AND FORESTRY AUD IT ',DIV IS ION R EPO RT N O ST.LAN D RY SO IL A ND W ATER CO N SERVATIO N DISTRICT O PELO U SA S,LO U ISIA NA TA B LE O F CO NTENTS PA G E A U D ITO R'S A U D IT R EPO RT 1 A U DITO R'S REPO RT O F CO M PLIA NC E W ITH STATE LAW S A N D R EG U LATIO NS EX H IB ITS A. CO M BIN ED BALANC E SHEET- ALL FU ND TYPES A ND ACCO U NT G RO UPS B. STAT EM ENT O F R EV EN U E,EXPEN D ITU R ES A N D C HA N G ES IN FU N D BA LA N C E NO TES TO TH E FINA NC IAL STATEM ENTS S U PPLEM ENTA L IN FO R M ATIO N SC H ED U LE A PER D IEM /M ILEAG E PA ID TO SUPERV ISO RS FO R T H E!Y EA R EN D ED 10

3 L OU IS IAN A D EPA RTM ENT O F A G R ICU LT UR E AN D FOR E ST RY A UD IT D IV IS ION A pril22,2002 Board ofsupervisors St.Landry Soiland W aterc onservation D istrict P.O.Box 472 O pelousas,louisiana G entlem en W e have audited the accom panying Balance S heetofthe St.Landry Soiland W ater C onservation D istrict,as ofjune 30,2001,and the related Statem ents ofrevenue, Expenditures and C hanges in Fund Balance forthe yearthen ended. These financial statem ents are the responsibility ofthe D istrict's m anagem ent. O urresponsibility is to express an opinion on these financialstatem ents based on ouraudit. O urauditw as m ade in accordance w ith generally accepted auditing standards and, accordingly,included such tests ofthe accounting records and such otherauditing procedures as w e considered necessary. Those standards require thatw e plan and perform the auditto obtain reasonable assurance aboutw hetherthe financial statem ents are free ofm aterialm isstatem ent. A n auditincludes exam ining,on a test basis,evidence supporting the am ounts and disclosures in the financialstatem ent presentation. W e believe thatourauditprovides a reasonable basis forouropinion. In ouropinion,the financialstatem ents referred to above presentfairly in allm aterial respects the financialposition ofthe St.Landry Soiland W aterc onservation Districtas ofjune 30,2001,and the results ofits operations and changes in its fund balance for the yearthen ended,in conform ity w ith genera ly accepted accounting principles applied on a consistentbasis. Sincerely M ark A.Tilm an A uditd irector M AT : bt cc State Soiland W aterconserv ation Com m ittee Legislative A uditor

4 L OU ISIAN A D E PA RTM ENT O F A GR ICUL TUR E AN D FOR E STRY AUD IT D IV ISION R EPO RT N O R EPO RT O N C O M PLIA N C E W ITH STA TI" LAW S A N D R EG U LA TIO N S M anagem entofthe St.Landry Soiland W aterc onservation D istrictis responsible for the District's com pliance w ith state and localregulations. As partofouraudit,w e selected and tested transactions and records to determ ine the extentto w hich the St. Landry Soiland W aterconservation Distriotcom plied w ith m ateriallaw s and regulations ofthe State oflouisiana. O urtesting oftransactions and records disclosed no instances ofnoncom pliance

5 EXHIBIT A AUDITED CO M BINED BALANCE SHEET G ENERA L SPEC.REVENUE G ENERAL FUND FUND FUND FUND FIXED ASSETS BALA NCE 2001 BALANCE 2000 ASSETS Cash Accounts Rece ivable Pe ty Cash Certificates ofdeposit Due From OtherFund M oney M arket Savings Prepaid Insurance Prepaid M aintenance Furniture & Equipm ent TOTAL ASSETS $ $61, $6.00 $29.80 $3, $o.o0 $7, $62, $3, $7, $4, $O.O0 $0.OO $61, $29.80 $7, $135, $0.OO $O.OO $ $29.80 $7, $74, $185, LIABILITIES Accounts Payable Accrued Salaries Accrued FICA Accrued Retirem ent Accrued Leave Due To O therfund $ $56.53 $9.63 $1, $ $50.53 $9.63 $1, $ $73.47 $10.23 $1, $O.O0 TOTAL LIABILITIES $1, $1, $2, FUND EQ UITY Fund Balsnca -Res.-G roup Insurance Fund Balance-Res.-O therinsurance Fund Belance-Res.-M aintenance Fund Balance-Res.-SpecialRevenue Investm ents in G.F.A. TOTAL FUND EQUITY $8.56 $29.60 $60, $o.o0 $3, $7, $8.56 $29.80 $3, $60, $7, $8.56 $20.80 $129,652,34 $46,0Ol.26 $7,71o.41 $6o, $3, $7,71o.41 $72,116.0o $183,4o2.37 TOTAL LIABILITIES & FUND EQUITY $62,428,21 $3, $7,71o.41 $74, $185, The accom panying notes ere an integralpartofthis statem ent.

6 EXHIBIT B STATEM ENT O F REVENUE AND CHANGES IN FUND BALANCE G ENERAL FUND SPECIAL TO TAL TOTAL 2001 REVENUE FUND 2001 FUND 2000 REVENUE EQ IP Flags GLC IG razing Interest Local M isce laneous NRCS Revog itation Seedlings State Funds W aterquality (319) TOTAL REVENUE $1,341,07 $6, $55.00 $ $37, $45,490,75 $0.oo $0.oo $O.0O $47, $4 7, $1, $6, $55.00 $ $37, $4 7, $93, $10.00 $5, $1, $6, $OmO0 $36,04B,14 $156, $205, EXPENDITURES Advertisements (bid notices) Area M eeting Awards,Contests,Prom otions Bank Charges Board M eetings-pardiem Board M eetings-m ileage BoatLaunch Fees Dues & Subscriptions Equipm entpurchase Field M aterials/supplies Flow Thru Funds Insurance-gro up health Insurance-other Maintenance & Repairs M isce laneous Ofi ce Supplies Plants Postage Program Rentals & Leases Salaries FICA Retirem ent Telephone Travel Trees $ $1, $1, $3oo.oo $ $ $2, $28.59 $0.oo $ $o.0o $ $34, $2, $ $~83.50 $O.OO $0,00 $157, $1, $0,00 $o.o0 $ $1, $1, $O.OO $300.O0 $ $157, $ $2, $28.59 $ $ $1, $34, $2, $ $ $ $1, $55.66 $1, $ $ $4, $ $2, $22.78 $ $ $ $25, $33, $2, $ $ TOTAL EXPENDITURES $45, $159, $204, $74, Excess (deficiency)ofrevenue overexpenditures $ ($111,637.50) ($111,286.37) $130, The accom panying notes are an integralpart ofthis statem ent.

7 EXHIBIT C STATEM ENT O F REVENUE,EXPENDITURES AND CHANGES IN FUND BALANCE GENERA L SPEC.REVENUE TOTAL TOTAL FUND 2001 FUND FUND 2001 FUND 2000 Fund Balance-Unreserved Beginning oftheyear Excess(deficiency)ofRevenue overexpenditures Less:PriorPeriod Adjustment/Transfers Less: Establish F.B.-Rece rv ed foro therinsurance Less:Establish F.B.-Reserved form aintenance Fund Balance-Unreserv ed End ofthe Year 7 OTHER FINANCING SOURCES Fund Balance-Reserv ed for Group Insurance (Beg.Balance) Plus:Paid-in by Superv isors Less: Paid-outby District Less:Pr~orPeriod Correction $8.56 $11.04 ($11.04) $0.oo $8.56 $11.04 ($11.04) $8.56 $11,04 ($11.04) Fund Balance Reserved for Group Insurance (Ending Balance) Fund Balance-Reserv ed for OtherInsurance (Beg.Balance) Plus: Paid-in Less: Paid-out $29.80 $2, '$2, $o.0o $29.60 $ $2, $2,555.00!$2,606,00 ~$2, Fund Balance Reserv ed for Otherinsurance (Ending Balance) Fund Balance-Reserv ed for Maintenance (Beg.Balance) Plus: Paid-in Less: Paid-out SD.o0 $o.o0 $0.OO $o.o6 $0.oo $13o.oo.oo $o.6o ($13o.oo Fund Balance Reserv ed for Maintenance (Ending Balance) The eccom panying notes ere en integralpartofthis statem ent.

8 LOU ISIANA DEPARTM ENT OF A GRICULTUR E AND FORESTRY A UD IT D IV ISION R EPO RT N O ST.LANDRY SO IL AND W ATER CO NSERVATIO N DISTRICT O PELO USA S,LO UISIANA NO TES TO TH E FINA NC IA L STA TEM ENTS FO R TH E YEA R ENDED JUN E 30, SU M M ARY O F SIG NIFICA NT A C CO UNTING PO LICIES The St.Landry Soiland W aterconservation Districtw as created by the Louisiana Legislature. The Districtprim arily assists farm ers and otherland users in the w ise use oftheirlands and the prevention oferosion offarm and urban land and the po lution of w aters in the state. The governing board ofsupervisors adm inisters the operations and responsibilities ofthe Districtin accordance w ith Louisiana Statutes. The board is com prised offive m em bers. In A pril1984,the FinancialA ccounting Foundation established the G overnm ental Accounting StandardsBoard (GASB)to promulgate genera ly accepted accounting principles and reporting standards w ith respectto activities and tra nsactions ofstate and localgovernm entalentities. In Novem ber,1984,the G A SB issued a codification of governm entalaccounting and financialreporting standards. This codification and subsequentpronouncem ents are recognized as generally accepted accounting principles forstate and localgovernm ents. The financialstatem ents ofthe St.Landry Soiland W aterconserv ation Districtare prepared in accordance w ith the standards established by the G ASB. G ASB C odification Section 2100 established criteria fordeterm ining the governm ental reporting entity to be the St.Landry Soiland W aterconservation District. The accom panying statem ents presentinform ation only as to the transactions ofthe D istrict A. FU N D A C C O U NTIN G The financialstatem ents ofthe St.Landry Soiland W aterc onservation D istrict

9 LOU ISIAN A D EPA RTM ENT OF A GRICULTUR E AND FORESTRY A UD IT D IV IS ION R EPO RT NO are presented as ifthe accounts were organized on the basis offunds and accountgroups,each ofw hich w ould be considere d a separate accounting entity. Since the Districthas financialre sources w hich are required to be accounted forin otherfunds,a generalfund and a specialre venue fund were both em ployed. B D uring the fiscalyearending June 30,2001,the St.Landry Soiland W ater Conservation Districtbegan receiving funds w hich itconsiders SpecialRevenue Funds and the financialrecords have been prepared accordingly. FIXED A SSETS Fixed assets used in the governm entalfund type operations are accounted for in the G eneralfixed A ssets accountgroup,ratherthan the G overnm entalfund No depreciation has been provided on generalfixed assets. A lfixed assets are valued athistoricalcost. This accountgroup is nota "fund." Itis concerned w ith the m easurem entof financialposition,notw ith m easurem entofopera tions. C. BASIS O F A CC O UNTING Basis ofaccounting refers to w hen revenues and expenditures are recognized and reported in the financialstatem ents. Basis ofaccounting relates to the tim ing of the m easure m ents m ade,regardless of the m easurem entfocus applied. The re cords are m aintained on a cash basis and the accom panying financialstatem ents have been converted to a m odified accrualbasis of accounting using the fo low ing practices: (1) Revenue State Funds are recorded w hen the Districtis entitled to the funds N ew slettersponsors and equipm entrentalare re co~ ed in the year earned. Interestincom e on tim e deposits is re corded w hen the deposits have m atured and the incom e is available.

10 LOU ISIAN A DEPARTM ENT OF AGRICULTURE AND FORE STRY A UD IT D IV IS ION REPO RT NO Rents and royalties are re corded in the yearearned Subsequently a lotherrevenues are re corded w hen received (2) Expenditure s Expenditures w ere recognized in the accounting period in w hich the liabilities are both m easurable and incurred. D. BU D G ETA RY PRA CTICES A budgetw as subm itted to the O ffice ofsoiland W aterc onservation,louisiana Departm entofagriculture and Forestry. State Funding forthe yearw as based upon the a location procedures established in the program rules and regulations. E. A N N UA L A N D SIC K LEAV E Em ployees earn and accum ulate annualand sick leave atvarious rates depending on theiryears ofservice. U nused annualand sick leave accum ulates w ithoutlim it. The num berofhours of unused annualleave for w hich an em ployee m ay receive a lum p sum paym entupon term ination from D istrictem ploym entm ay notexceed 300 hours. AtJune 30,2001(fiscalclose),the St.Landry Soiland W aterconservation Districthad accum ulated and vested $1,225.80,in leave privileges,required to be accrued undersfas 43. C urrentyearexpenditures forsalary and leave privileges total$34, F. PEN SIO N PLA N SO CIA L SECU RITY BENEFITS Substantia ly a lem ployees ofthe St.Landry Soiland W aterc onserv ation D istrict

11 LOU ISIANA DEPA RTM ENT OF A GR ICULTUR E AND FORESTRY A UD IT D IV IS ION R EPO RT NO are m em bers ofthe SocialSecurity System. The Em ployee contribution w as 7.65% ofgross salary from July 1,2000,through June 30,2001. The D istrict contributed an additional7.65% ofgross salary from July 1,2000,through June 30,2001.The Districtdoes notguarantee the benefits granted by the Social Security System. PA RO C HIAL EM PLO YEES'R ETIR EM ENT SYSTEM Em ployees ofthe St.Landry Soiland W aterconservation Districtare m em bers ofthe ParochialEmployees'RetirementSystem oflouisiana ("system"),a costsharing multiple employerpublic employees retirementsystem (PERS), contro led and adm inistered by a separate board oftrustees. The System is com posed oftw o distinctplans,plan A and Plan B,w ith separa tely held assets, and separa te benefitprovisions. Eligible em ployees ofthe St.Landry Soiland W aterc onserv ation D istrictare m em bers ofplan B. In the fiscalyearended June 30,2001,the totalpayrollforem ployees ofthe St.Landry Soiland W ater Conserv ation Districtwas $34, CHANG ES IN G ENERA L FIXED ASSETS The G enera lfixed A ssets ofthe St.Landry Soiland W aterconservation Districtrem ained the sam e forthe yearended June 30,2001.

12 LOU ISIANA DEPARTM ENT OF A GR ICULTURE AND FORESTRY AUD IT D IV ISION R EPO RT N O CO M PENSATIO N PA ID TO BO A RD M EM BERS The schedule ofcom pensation paid to the St.Landry Soiland W ater Conservation DistrictSuperv isors is presented in com pliance w ith House C oncurrentresolution No.54 ofthe 1979 Session ofthe Louisiana Legislature. Com pensation ofthe St.Landry Soiland W aterc onservation District Superv isors is included in the generaladm inistrative expenditures ofthe G eneral Fund. M em bers ofthe governing board receive com pensation pursuantto Louisiana Revised Statute 3:1207. PER D IEM /M ILEAG E PA ID TO BO A RD M EM BERS FO R THE YEAR ENDING JUNE 30,2001 BO A RD M EETING S PER TO TAL M EM BER REIM BURSED DIEM M ILEAG E A M O UNT Ike Boudreaux 11 $ $ Richard Ho lier 11 $ $ M atm iler 6 $ $ Kenneth 8 $ $ O livier M ichaelsibile 13 $ $ TOTALS $1, $1, TO TA L NUM BER O F BO A RD M EETING S DUR ING TH E YEA R W AS 12

LOU ISIANA DEPA RTM ENT O F A GR ICULTUR E AND FORESTRY M A D ISO N SO IL A N D W ATER C O N SERVATIO N D ISTR ICT TA LLU LA H,LO U ISIA NA

LOU ISIANA DEPA RTM ENT O F A GR ICULTUR E AND FORESTRY AUDIT DIVISION [ir'~i~ "!i M A D ISO N SO IL A N D W ATER C O N SERVATIO N D ISTR ICT TA LLU LA H,LO U ISIA NA R EPO RT N O. 01-36-26 Underprovisions