9o%-o~/y. FinancialReport TereboneParishRecreationDistrictNọ1 Schriever,Louisiana. December31, 198

Transcription

1 DONOT~"ENDOUT FILECOPY OFICIAL ~Y.t,oxlt~ce~q~Ty c,opic~fe.~nth~s OopyandPtACE 13ACKi~FIRE) FinancialReport TereboneParishRecreationDistrictNọ1 Schriever,Louisiana December31, 198 Underprovisionsofstatelaw,this repot[isapubl}cdocument.a copyofthereporthasbensubmittediotheaudited,oreviewed, entityandother~.propr;atepublic ofici:4.s.th-~re4)crf):~:,~,~i)ab!afor ROLI~OC:;i,.':~:Oi,.I,';i_.t.:i">la(iveAu,c~,ilO;Li~(~V.']~.;(~!)i:'!;i~2()i'i,3,~t%~4~'(i]e olfic,:~!~c'l;:s:rj~:i',~d,:ofcourt. 9o%-o~/y

2 TABLEOFCONTENTS TereboncParishRecreationDistrictNo.1 December31,198 Ntlmbcr Page IntroductorySection TitlePage FableofContcnts FinancialSection IndependentAudilor'sReport CombinedBalanceShet-GovernmentalFundTypeandAcountGroupA 2 StatcmcmofRevenues,ExpendituresandChangesinFundBalance- BudgetandActual-GovernmentalFundType-General:und I3 NolestoFinancialStatements C SpecialReportsOfCertifiedPublicAcountants ReportonComplianceandonInternalControlOverFinancialReporting BasedonanAuditofGeneral-PurposeFinancialStatements PerformedinAcordancewithGovernmentAuditin~Standards ScheduleofFindings 14 RcporlsByManagement ScheduleofPriorYearFindings 15 Managcmcnt'sCorectiveActionPlan 16

3 BourgeoisBenet PENDENTAUDITOR'SREPOR TotheBoardofComisioners, TereboneParishRecreationDistrictNo.l, Schricver,I,ouisiana. ParishRecreationDistrictNo.l,(tileDistrict),acomponentunitoftheTcreboneParish Wehaveatldiledtheacompanyingeneral-purposefinancialstatementsof"l'crcbonc ConsolidatedGovernment,StaleofLouisiana,asofandfortileyearendedDecember31,198,as listedinthetableofcontents.thesegeneral-purposefnancialstatementsaretheresponsibilityofthe District'smanagement.Ouresponsibilityistoexpresanopiniononthesegeneral-purposefinancial statementsbasedonouraudit. standardsaplicabletofinancialauditscontainedingovernmentauditingstandard,~sisuedbytile Weconductedourauditinacordancewithgeneralyaceptedauditingstandardsandthe ComptrolerGeneraloftheUnitedStates.Thosestandardsrequirethatweplanandperformtheaudit tobtainreasonableasuranceaboutwhetherthefinancialstatementsarefreofmaterialmistatement.anauditinch desexamining,onatestbasis,evidencesuportingtheamountsandisclosures inlhefinancialstatements.anauditalsoincludesasesinglheacountingprinciplesusedand significantestimatesmadebymanagement,aswelasevaluatingtileoveralfinancialstatement presentation.webelievethatourauditprovidesareasonablebasisforouropinion. almaterialrespects,thefinancialpositionofthetereboneparishrecreationdistrictno.lasof Inouropiuion,thegencral-purposcfinancialstatcmenlsreferedtoaboveprcscntfairly,in l)cmber31,198,andtheresulsofitsoperalionsforlheyearthenel~dedinconformjlywilh gcneralyaceptedacountingprinciples. January25,19onourconsiderationoftheTereboneParishRecreationDistrictNo.l'sinternal InacordancewithGovernmentAuditingStandards,wehavealsoisuedoureportdated controloverfinancialreportingandourtestsofitscompliancewithcertainprovisionsoflaws, regulations,contractsandgrants CertifiedPublicAcountants. I]ounla,La., 340Wesl'1ulmelBird,Suite43O January25,19 'O.Box2168 Ioulna,LA 'hone(504)g6g-0139 CertifiedPublic :a~(504) AI,imitedI,iabililyCoinpunyP.O.Box6060 AcountantsIConsultants NewOdeal~s,LA Iclilagel'laz~,guile80 Phone(504) ,1'~l,'es~Sco.dSIleCl Fax(504) P.OBox1205 "1hil,oclaux,I,A Pholte(504)

4 COMBINEDBALANCESItET- GOVERNMENTALFUNDTYPEANDACOUNTGROUP TereboneParishRecreationDistrictNo.1 Asets Cash luvestlen s Recivables-taxes Duefiomothergovernmentalunits Fixedasets I.iabilities Acoumspayableand acruedcxpcnditures 1)uctoTereboneParish ConsolidatedGovernment EquityandOtherCredits Investmentinfixedasets Fundbalance-unreserved December31,198 Governmental FtmdType General 34,46 92,537 24,285 81,385 $32,653 $4, ,10 327,53 Totalequityandothercredits 327,53 Totaliabilities,equityand othercredits $32,653 Senotestofinancialstatements Acount Group General Fixed Asets 61,964 $61,964 $61,964 61,964 $61,964 ExhibitA Total (Menmrandun~ Only) $94,617 $4, ,10 61, ,53 989,517 $94,617

5 STATEMENTOFREVENUES,EXPENDITURESANDCItANGES INFUNDBALANCE-BUDGETANDACTUAl,- GOVERNMENTALFUNDTYPE-GENERALFUND TereboneParishRecreationDistrictNo.! ReveleS "['axes lntergovernmenta]: Slateof'Louisiana: Staterevenuesharing Chargesforservices Miscelaneous: lnteresl Othm Totalrevenues Expenditures Curent: GeneralGovernment FortheyearendedDecember31,198 Advalolemtaxadjustment Advaloremtaxdeductions Totalgeneralgovernment CultureandRecrealion Personalservices Supliesandmaterials Otherservicesandcharges Repailsandmaintenance Capitalexpenditures Totalcultmeandrecreation Totalexpenditures Budget Actual Variance Favorable (Unfavorable) $194,567$194,567$ 20,0 3,50 7, ,025 4,864 5,837 10,701 37,134 3,582 29,72 16,80 48, , ,03 26,73 3,0 6,73 (50) 8, , ,745 6,387 35,913 3,824 29,890 18,695 41, , ,473 6,407 4,292 4,314 1,21 (242) (168) 0,815) 7,20 6,216 10,530 ExcesofRevenuesoverExpenditures 79,02 95,959$16,937 FundBalance Beginingofyear Endofyear Senotestofinancialstatements 231,594 $327,53

6 ExhibitC NOTESTOFINANCIALSTATEMENTS TereboneParishRecreationDistrictNo.I December31,198 NoteI-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES TheacountingpoliciesoftheTereboneParishRecreationDistrictNo.1(theDistrict) conformtogeneralyaceptedacountingprinciples(gap)asapliedtogovcrmnental units,rl'hegovernmentalacountingstandardsboard(gasb)istheaceptedstandardsetingbodyforestablishingovernmentalacountingandfinancialreportingprinciples."l'he folowingisasumaryofsignificantacountingpolicies: a)reportingentity TheDistrictisacomponentunitoftheTereboneParishConsolidatedGovernment(the Parish)andasuch,thesefinancialstatementswilbeincludedinthecomprehensive anualfinancialreport(cafr)oftheparishfortheyearendeddecember31,198. TheDistricthasreviewedalofitsactivitiesandeterminedthatherearenopolentia componentunitswhichshouldbeincludedinitsfinancialstatements. b)fundacounting TheDistrictusesfundsandacountgroupstoreportonitsfinancialpositionandthe resultsofitsoperations.fundacountingisdesignedtodemonstratelegalcompliance andtoaidfinancialmanagementbysegregatingtransactionsrelatedtocertain [,overnmentfunctionsoractivities. Afiredisaseparateacountingentitywithaself-balancingsetofacounts.Anacount group,ontheotherhand,isafinancialreportingdevicedesignedtoprovide acountabilityforcertainasetsandliabilitiesthatarenotrecordedinthefundsbecause theydonotdirectlyafectnetexpendableavailablefinancialresources.

7 (Continued) Exhibi C Note1-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(Continued) b)fundacolmting(continued) GovernmentalFunds GovernmentalFundsarethosethroughwhichthegovernmentalfunctionsofthe Districtarefinanced.Theacquisition,useandbalancesoftheDistrict'sexpendable Funds.Themeasurementfocusisupondeterminationofchangesinfinancial financialresourcesandtherelatedliabilitiesareacountedforthroughgovernmental position,ratherthanuponetincomedetermination.thefolowingisthegovernmentalfundofthedistrict: GeneralFund-TheGcneralFundistimgcncraloperatingfiredoftheDistrict. Itisusedtoacountforalfinancialresourcescxcepthosethatarcrcquircdtobc aecountedforinanotherfund. AcountGroup Anacountgroupisusedtoestablishacountingcontrolandacountability.The District'sAcountGroupisasfolows: GeneralFixedAselsAcountGroup-Thisacountgroupisusedtoacount forfixedasetsnotacountedforinproprietaryortrustfunds. e)basisofacounting Basisofacountingreferstowhenrevenuesandexpendituresarerecognizedinthe acountsandreportedinthefinancialstatements.basisofacountingrelatestolhc timingof/hemeasurementsmade,regardlesofthemeasurcmcntfocusaplieḍ AlGovernmentalFundsarcacountedforusingthemodifiedacrualbasisof acounting."l'heirevenuesarcrecognizedwhentheybecomemeasnrableandavailable asnetcurentasets.advaloremtaxesandtherelatedstaterevenuesharing (Intergovernme,ltalrevenue)areconsidered"measurable"athetimeoflevy.Charges forservicesarcrecordedwhenearnedsincetheyarcmeasurableandavailable.miscellaneousrevenuesarerecordedasrevenueswhenreceivedincashbythel)istrictbecause theyarcgeneralynotmeasurableuntilactualyreceived.

8 ExhibitC NoteI-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(Continued) c)basisofacounting(continued) Fmpenditurcsaregeneralyrecognizedunderthemodifiedacrualbasisofacontiug whentherelatedfundliabilityisincured. d)useofestimates Thepreparationofinancialstatementsinconformitywithgeneralyaceptedacounting principlesrequiresmauagcnmntomakestimatesandasumptionsthatafectcertain rcporledamountsandisclosures.acordingly,actualresultscouldiferfi'omthose estimates. c)operatingbudgetarydata Asrequiredbythel.ouisianaRevisedStatutes39:1303,theBoardofComisioners(the Board)adoptedabudgetfortheDistrict'sGeneralFund.TheBoard,asalowcdbystatc law,doesnotoblainpublicparticipationinthebudgetproces.anyamendment involvingthetransferofmoniesfiomonefunctiontoanotherorincreasesinexpenditures mustbeaprovedbytheboard.thedistrictamendeditsbudgetonceduringtheyear. Albudgetedamountswhicharenotexpended,orobligatedthroughcontracts,lapseat yearend. TheGeneralFundbudgetisadoptedonabasismaterialyconsistentwithgcncraly aceptedacountingprinciples. f)acountsreceivable ThefinancialstatementsfortheDistrictcontainoalowanceforuncolectibleacounts. Uncolectibleamountsdueforadvaloremtaxesandothereceivablesarerecognizedas baddebtsathetimeinformationbecomesavailablewhichwouldindicatethe uncolectibilityoftheparticulareceivable,theseamountsarcnotconsideredtobe materialinrelationtothefinancialpositionoroperationsofthefunds. g)investments Investmentsconsistofcertificatesofdepositwhicharcstatedatcostandaproximates marketvalue.

9 (Continued) ExhibitC NoteI-SUMMARYOFSIGNIFICANTACOUNTINGPOLICIES(Continued) h)fixedasets Fixedasetsusedingovernmentalfundtypeoperations(fixedasets)areacountedfor inthegeneralfixedasetsacountgroup,ratherthaningovernmentalfunds.the AcountGroupisnotafund.Itisconcernedonlywiththemeasurementofinancial Itisnotinvolvedwiththemeasurementofresultsofoperations.Publicdomain ("infrastructure")fixedasetsconsistingofcertainimprovementsotherthanbuildings, includingroads,bridges,curbsandguters,stretsandsidewalks,drainagesystem,and lightingsystems,arenotcapitalizedalongwithotherfixedasets.nodepreciationhas benprovidedonfixedasets. Alfixedasetsarevaluedathistoricalcostorestimatedhistoricalcostifactualhistorical costisnotavailable.donatedfixedasetsarevaluedatheirestimatedfairvalueonthe datedonated.fixedaselswithanestimatedhistoricalcostamounledtoaproximately Sg,10~r1.2%ofthetotalGeneralFixedAsetsAcountGroup. i)vacationandsickleave TheDistricthasnoful-timemployes.Thereisnoacumulatedunpaidvacationand sickleaveatl)ecember3l,198. j)encumbrances Encumbranceacounting,underwhichpurchaseorders,contractsandothercommitmentsarerecordedinthefundgeneraledgers,isnotutilizedbytheDistrict. k),memorandumonly-totalcolumn Thetotalcolumnonthegeneral-purposefinancialstatementiscaptioned"Memorandum Only"becauseitdoesnotrepresentconsolidatedfinancialinformationandispresented onlytofacilitatefinancialanalysis.thecohndoesnotpresentinformationthat reflectsfinancialpositionoresultsofoperationsinacordancewithgeneralyacepted acountingprinciples,lnlerfundeliminationshavenotbenmadeintheagrcgationof thisdata.

10 (Continued) ExhibiC Note2.-I)EPOSITS Louisianastatelawalowsalpoliticalsubdivisionstoinveslexcesfimdsinobligalionsof theuniledstales,certificalesofdepositofstateornationalbankshavingtheirprincipal oficeinljouisianaoranyotherfederalyinsuredinvestment. Statelawrequiresdeposits(cashandcertificatesofdeposit)ofalpoliticalsubdivisionsbc fulycolateralizcdataltimes.aceptablecolatcralizationincludeslhel:i)lcinsurance andthemarketvalueofsecuriliespurchasedandpledgedtothepoliticalsubdivision. ObligationoflheUnitedSlates,theStaleofLouisianandcertainpoliticalsubdivisionsarc alowedasecurityfordeposits.obligationsfurnishedascurilynmstbeheldbythe politicalsubdivisionorwithanunafiliatedbankortrusteolnpanyfortheacountofthe politicalsubdivision. Cashandepositsarecategorizedintothrecategoriesofcreditrisk Calegory1includesdepositscoveredbyfederaldepository,insuranceorbycolateral heldbythedistrictoritsagentinthedistrict'sname. Calegory2includesdepositscoveredbycolateralheldbythepledgingfinancia institution'strustdepartmentoritsagentinthedistrict'sname. Categol73includesdepositscoveredbycolateralhcldbythepledgingfinancial institutionoritstrustdcparlmeltoragentsbutnotinthedistricl'snameandeposits whicharcuninsuredoruncolateralizcd. Tbeyearendbankbalancesofdepositsandthecaryingamountsashownonlhcbalance shetareasfolows: BankBalances Category 2 Balance Bok Cash ]uvesiil'lcnts: $36,43 $34,46 Certificatesofdeposit 92,537 _92,537 Totals ~!26,983

11 ExhibitC Nole2-I)EPOSITS(Conlinued) Atl)cember31,198,cashandcertificatesofdepositinexcesoftheFI)ICinsurancewcrc colate,'alizedbysecuritiesheldbyalunafiliatedbankfortheacountofthedistricṭ"l'hc GovernlentalAcountingStandardsBoard(GASB),whichpromulgatesthestandardsfor acountingandfinancialreportingforstateandlocalgovernments,considc,sthcscsecurities uncolaleralized.evcnthoughthepledgedsecuritiesareconsidcreduncolateralizcdunder tileprovisionsofgasbstatement3,louisianarevisedstatute39:129imposcsastatutory requirementonthecustodialbanktoadvertiseandselthepledgedsecuritieswithin10(lays ofbeingnotifiedbythcdcpositorthathefiscalagenthasfailedtopaydepositedfimdsupon demand. Note3-PROPERTYTAXES PropertytaxesareleviedeachNovember1ontheasesedvaluelistedasoftheprior January1foralrcalproperly,merchandiseandmovablepropertylocatedinthel'arish. AsesedvaluesarestablishedbytheTercbonel'arishAsesor'sOficeandtheSlatc TaxComisionatpercentagesofactualvalueaspecifiedbyI~ouisianalaw.Arevaluationofalpropertyisrequiredtobecompletednolesthaneveryfou,ycars.ThelastrevaluationwascompletedforthelistofJanuary1,196.Taxesaredueandpayablcl)ecmbcr 31withinterestbcingchargedonpaymentsafterJanuaryI.Taxescanbcpaidthroughthe taxsalcdate,whichisthelastwednesdayinjune.propcrliesforwhichthetaxeshavenot benpaidaresoldfortheamountofthetaxes.thctaxratefortheyearended1)cmbcr31, 198was$7.0per$1,0ofasesedvaluationonpropertywithinRecreationDistrictNo. Iforthepurposeofconstrucfing,maintainingandoperatingrecreationalfaciliticswithinlhe l)islrict. Nole4-1)UEFROMOTitERGOVERNMENTALUNITS Amountsduefromothergovcrmnentalunitsatl)cember31,198consislcdofthe folowing: Stateofl.ouisiana-Statercvcnucsharing $17,82 l'ereboneparishtaxcolector-december,198 colectionsremitedtotiledistrictinjanuary,19: Advalorcmtaxes Tota ~8J,385

12 (Continued) ExhibitC Note5-ClANGES1NFIXEDASETS Asumaryofchangesinfixedasetsfolows Balance January Balance J,198AditionsDeletions l)cmbcr 198 I.andandbuildings hnprovementsother $527,791 $40,012 $ $567,803 Machineryandequipment thanbuilding 1,23 Oficefimliture,fixtures 81,69 1, ,846 1,23 andequipmenl 10, Totals $~75 ~96A hnprovcmentstoabasebalfield,awalkingtrail,basketbalcourts,parkingarea,bathrom/ concesionfacilityandvoleybalcourts,werepaidthroughcomunitydevelopmentblock GrantsreceivedandadministeredbytheTereboneParishConsolidatedGovernment.The costoftheseimprovementsarenotincludedinthedistrict'sgeneralfixedasetsacount Group. Note6-COMPENSATIONOFBOARDMEMBERS TheDistrictdidnotpayperdielntoanyofitsl?,oardMembersfortimyearendedl)ecember 31,198. Note7-R.ISKMANAGEMENT TheDistrictisexposedtovariousrisksoflosrelatedtoworkerscompensation;torts;theft of,damagetoandestructionofasets;erorsandomisions;andnaturaldisastersforwhich thedistrictcariescomercialinsuranceandalsoparticipatesintimparish'sriskmanagementprogramforgeneraliabilityandworkerscompensation.nosetlementsweremade daringtheyearlhalexcededthedistrict'sinsurancecoverage.timl)istriclpaysmonthly premiumstotimparishforworkers'compensationbasedonafixedpercentageofpayrol. TheDistrict'spremiumsforgeneraliabilityisbasedonvariousfactorsuchasitsopera- 0

13 (Continued) ExhibilC Nole7-RISKMANAGEMENT(Continued) lionsandmaintenancebudget,exposureandclaimsexperience.thei'arishbandiesitsal claimsfiledagainsthedistrictrelatedtoworkers'compensationandgeneraliability.the Districtcouldhaveaditionalexposureforclaimsinexcesoftbel'arish'sinsurance contractsasdescribedbelow: Policy Coverage I,imits GeneralLiability Workers'Compensation $6,50,0 Statutory Coveragefoxclaimsinexcesoftheabovestatedlimitsaretobefundedfirstbyasetsnfthe Parish'sriskmanagementinternalservicefund,$87,017atDecember31,197,then secondlybythedistrict.ati)ecember31,198,thedistricthadnoclaimsinexcesofthe abovecoveragelimits.

14 SPECIALREPORTSOFCERTIFIEDPUBLICACOUNTANTS

15 BourgeoisBenet REPORTONCOMPLIANCEANDONINTERNALCON'I'ROLOVER RPOSEFINANCIALSTATEMENTSPERFORMEDINACORDANCE NCIALREPORTINGBASEDONANAUDITOFGENERAL- WITItGOVERNMENTAUDITINGSTANDARD TotheBoardofConunisioners, TereboncParishRecreationDistrictNo.1, Schriever,Louisiana. RecreationDistrictNo.1(theDistrict),acomponentunitoftheTercboneParishConsolidated Wehaveauditedthegeneral-purposefinancialstatementsoftheTereboneParish Governmcnl,asofandfortheyearendedDecember31,198,andhaveisuedoureporthereon datedjanuary25,19.weconductedourauditinacordancewithgeneralyaceptedauditing standardsandthestandardsaplicabletofinancialauditscontainedingovernmentauditing Standards,isuedbytheComptrolerGeneraloftheUnitedStates. Compliance financialslalemenlsarefreofmaterialmistatement,weperformedtestsofitscompliancewilh AspartofobtainingreasonableasuranceaboutwhethertheDistrict'sgeneral-purpose certainprovisionsoflaws,regulations,contractsandgrants,noncompliancewithwhichcouldhave adirectandmaterialefectonthedeterminationofinancialstatementamounts.however,providing anopiniononcompliancewiththoseprovisionswasnotanobjectiveofourauditand,acordingly, wcdonotexpresuchanopinion.theresultsofourtestsdisclosednoinstancesofnoncompliance thatarerequiredtobereportedundergovernmentauditingstandards InternalControlOverFinancialReporting financialreportinginordertodetermineourauditingproceduresforthepurposeofexpresingour Inplaningandperformingouraudit,weconsideredtimDistrict'sintcrnalcontrolover opiniononthegeneral-purposefinancialstatementsandnotoprovideasuranceontheinternal controloverfinancialrepol/ing.ourconsiderationoftheinternalcontroloverfilmncialreporling wouldnotnecesarilydisclosealmatcrsintheinternalcontroloverfinancialreportingflintmight bematerialweakneses.amaterialweaknesisaconditioninwhichthedesignoropcralionofone 1340WestIulmclBird,Suite430 P.OBox2168 1]oul,a,IA P~lOlW~5{)~) CertifiedPublic Yax(504) ALimitedLiabilityCompany AcountanlsIConsultants P.O.Box6060 NewOrlemts,LA IlerilagePlaza,Suite80 Pholte(504) WestSctomlSltel I'.O.Box1205 Fax(504) "1hibodaux,1A Ploue(504)

16 ormoreoftheinternalcontrolcomponentsdoesnotreduceloarelativelylowlevelherisklhal mistatementsinamounts[liarwouldbematerialinrelationtothefinancialstatementsbeingaudited mayocurandnotbcdetectcdwithinatimelyperiodbyemployesinthenormalcourseof performingtheirasigncdfunctions.wenotednomatersinvolvingtheintcmalcontroloverfinancial rcporingandilsopcralionsthatweconsidertobematerialweakneses. StaleoflJouisianandtheLegislativeAuditorfortheSlateofLouisianandisnotintended1obeand ThisreportisintendedfortheinformationoftheBoardofComisiouers,management,the shouldnotbeusedbyanyoneolherthanthesespecifedparties. CertifiedPublicAcountants 1louma,l,a., Januaiy25,19

17 SCHEDULEOFINDINGS TereboneParishRecreationDistrictNo.1 FortheyearendedDecember31,198 SectionISamaryofAuditor'sResults a)financialstatements l'ypcofauditor'sreportisued:unqualified Internalcontroloverfnancialreporting ~Materialweaknes(es)identified? ~Report.ablecondilion(s)identifiedthatarenot yesxno consideredlobematcrialweakneses? yesxnonereportcd Noncompliancematerialtofinancialstatementsnoted?_ yesxno b)federalawards rl'creboneparishf.ecreationdistrictno.1didnolreceivefederalawardsduringihcyearended 1)ecember31,198. Section1FinancialStatementFindings Nofinancialstatemcntfindingswerenoteduringtheauditfortheyearended1)cmbcr31,198 SectionIFederalAwardFindingsandQuestionedCosts Notaplicable 14

18 REPORTSBYMANAGEMENT

19 SCItEDULEOFPRIORYEARFINDINGS TereboneParishRecreationDistrictNo.1 FortheyearendedDecember31,198 Section1InternalControlandComplianceMaterialtotileGeneral-purposeFinancial Statements InternalControl NomaterialweaknescswerereporteduringtheauditfortheyearendedDecmber31,197 NoreportableconditionswerereporteduringtheauditfortheyearendcdDecember31,197 Compliance Nocompliancefindingsmaterialtothegeneral-purposefinancialstatementswerenoteduring theauditfortheyearendeddecember31,197. Section1InternalControlandComplianceMaterialtoFederalAwards TereboneParishRecrcationDistrictNo.1didnotreceivefcderalawardsduringtheyearcnded I)eclnber31,197. Section1IManagementLeter Amanagementleterwasnotisuedinconectionwiththeauditfortheyearendedl)ecember3 197.

20 MANAGEMENT'SCORECTIVEACTIONPLAN TereboneParishRecreationDistrictNo.1 FortheyearendedDecember31,198 SectionInternalControlandComplianceMaterialtofileGeneral-purposeFinancial Statements lntcrnalcontrol NomalcrialweakneseswerenoteduringtheauditfortheyearendedDecember31,198. NoreportableconditionswerenoteduringtheauditfortheyearendedI)cmber3I,198 Compliance Nocompliancefindingsmaterialtothegeneral-purposefinancialstalementswerenoteduring theauditfortheyearendeddecember31,198. Section1InternalControlandComplianceMaterialtoFederalAwards TereboneParishRecreationDistrictNo.1didnotreceivefederalawardsduringlheyearended I)ecember31,198. Section1ManagementLeter Alnanagcment1~1crwasnotisuedinconectionwiththeauditfortheyearended1)ecmber