FIRE PRO TECTIO N D ISTRICT N O.2 O F TH E PARISH O F PO INTE CO U PEE A CO M PO N ENT U N IT O F TH E POINTE COUPEE PARISH POLICE JURY

Transcription

1 FIRE PRO TECTIO N D ISTRICT N O.2 O F TH E PARISH O F PO INTE CO U PEE AN N UAL FINAN C IA L RE PO RT FO R TH E YEAR EN D ED D ECEM BER 31,2000 A CO M PO N ENT U N IT O F TH E POINTE COUPEE PARISH POLICE JURY

2 FIRE PRO TECTIO N D ISTRICT N O.2 O F TH E PA RISH O F PO IN TE C O U PEE M O RG A N T~ _,LO U ISIA N A G OVERN IN G BO ARD F.ugene Serio,Chairm an Eric G ustin,secretary ValelT Joseph Landry l)arylm artin M ark Ram agos M EETIN G DATE 1stand 3rd Tuesdaysofthe M onth

3 TAB LE O F C O N TEN TS N ote ]'ai3e IndependentAuditor's Rcporton tl~c FinancialStatem ents 1 (;cneralpurl~ose FinancialStatem ents - Com bined Balance Sheet-G overnm entalfund Type and AccountG roups Statem entof l{cvenucs,l'.'xpenditures,and Changes in Fund Balance - G overnm entalfund Type -G eneralfund Statem entof Revenues,l{xpenditures,and C hanges in Fund Balance - Governm entalfund Type -GeneralFund -Budgetand Actual[GAAP Basis] 5 N otes to the FinancialStatem ents - ]t)trodtlction Sum m ary of SignificantAccounting Policies - Basis of l'rcsentation Reporting Entity l:tm d Accounting Basis ofaccounting BtKigcts Encum brances C ash Bad D ebts Inventories Fixed Assets Colnpensatcd AbseJ+ces Fund F.quity C om parative D ata TotalCohm m son Com bined Statem ents C ash Ad Valorem Taxes l)ue fl'om O ther G overnm entu nits C hanges ij~g eneralfixed Assets Pension l'lan and Retirem entcom m itm ents ContingentLiabilities Com pensation Paid to Board M em bers FederalFit~ancialAssistance Taxable Property Valuations Since ]nccptiol~ G eneralftm d Revenues,O ther Sources,Expenditures,and O ther U ses LastTen Years 15 16

4 TABLE O F CO N TEN TS IndependentAuditor's Reporton Com l)liance and on InternalControlO ver FinancialReporting Based o 1an AuditofFinancialStatem entsperform ed in Accordance w ith G overnm enta uditing Standards Schedule of Findings 17 20

5 CERTIFIED PU BI.1C ACCO UN TAN T (A ProfessiolxalCorporation) Practice Lim ited to Governm entalaccounting,auditing and FinancialReporting O fllce 7663 ANCIIOR DRIVE VENTRESS,LA 707B M t:m bcr AMERIO.N INS'lll'trL1~OF CPX* 10UlS/ANA SOClI~'IV Of Cl'~ OOVERNM EN'I'FINANCE IN D EPEN D EN T AU D ITO R'S REPO RT O N TH E FINAN CIAL STATEM EN TS M r.eugene Serio,C hairm an and M em bersofthe Board of Com m issioners Fire Protection D istrictn o.2 of the l'arish of Pointe Coupee M organza,louisiana 1 have audited the accom panying generalpurpose financialstatem ents of the FIRE PRO TEC- TSON DISTRICT NO.2 OF THE PAR1Slt OF POINTE COUPEE,LOUISIANA (the "l)istrict"),a com l~onentunitofthe l'ointe Coupee Parish Police Jury,asofand forthe yearended I)ecem - bcr 31,2000,as listed in the Table of Contents. These generalpurpose financialstatem ents are the responsibility ofthe D istrict's m anagem ent. M y responsibility is to express an opinion on these generalpurpose financialstatelnentsbased on m y audit. I conducted m y audit in accordance w ith auditing standards and tile standards generally accepted in the U nited States ofam erica al)plicable to financialaudits contained in G overnm erita uditing Standards,issued by the Conlptroller G eneralofthe U nited States;and w ith provisions of Louisiana Hevised Statute 24:513 and the provisions of the Louisiana G overnm entalauditguide,published jointly by the Society oflouisiana Certified Public Accountants and the Louisiana Legislative Auditor. Those standards and the G uide require that1plan and perform the auditto obtain reasonable assurance aboutw hether tile generalpuq)ose financial statem ents are free of m aterialm isstatem ent. An audit includes exam ining,on a test basis, evidence supporting the am ounts and disclosures in the generalpurpose financialstatem ents. An auditalso includes assessing the accounting principles used and significantestim ates m ade by nlanagem ent,asw ellasevaluating the overallgeneralpurpose financialstatem entpresentation. Ibelieve thatm y auditprovides a reasonable basisform y opinion. In m y opinion,the generalpurpose financialstatem ents referred to abow :presentfairly,in all m aterialrespects,the financialposition of the D istrictas of D ecem ber 35,2000,and the resuhs of its operations fop the year then ended in conform ity w ith accounting principles generally accepted in the l_hdled States of Am erica. In accordance w ith G overnm enta uditing Standards,1have also issued m y repor!dated M ay 11,2005,on m y consideration of the D istrict's internalcontrolover financialreporling and m y Icsls of its com pliance w ith certain provisions of law s,regulations,contracts and grants. That report is an integral part of an auclit perform ed in accorclance w ith G overnm ent A uditing

6 Standards amad should be read in conjunction with thisrcportin considering lhe r~;sultsofm y audit. M y audit w as l)crform cd for the purpose of form ing al~ opinion on the genelal l)urpose financialstatem ents laken as a w hole. The schedules listed in the table of colatcnts are presented for purposes of addilionalanalysis and are not a required partof the generalpurpose financialslatem entsofthe l)istrict. Such inform ation hasnotbeen subjected to the auditing procedures applied in the auditof the generalpurpose fi~aancialstatem ents and,accordingly,1 express no opinion on it. M ay II,2001

7 FIRE PRO TECTION DISTRICT N O.2 O F TH E PARISH O F PO INTE CO UPEE,LO UISIANA CO M BINED BALANCE SH EET ~ FUN D TYPE AN D ACCO UN T G RO UPS DECEM BER 31,2000 ASSETS Cash Receivables- Ad valorcm State revenue sharing I)uc from oiliergovernm entalunits Property.plant,and equipm ent G overn - m ental Fund q~t~e General Fund 126,404 40, Account Group General Fixed Assets 276,487 Totals Mem orandum OM V) ,404 $ , , , ,296 TO TAl,ASSLrI'S $ 168, ,487 $ 445,080 $ 415,543 LIABILITIES AND FUND EQUI'I~ Liabltities: Accountspayable Am ountdue retirem entsystem (130) $ (130)!5~_81 4,004 1, , Fund Equity: Contributed capital-4th W ard hlvestm entin generalfixed assets - Pointe Coupee Parish Police Jury Village ofm organza 4th W ard Fire Prevention District G eneralfund R(:venues Ftlnd balance - Unresel~,ed -undesignatt:d ]b3 ~ 9o pz l_ 11,000 5,275 58, , ,000 5,275 58, ,483 2,242 11,000 5,275 58, ,292 - _ 16~ , , , , I _ TOTAl,LIABILITIES AND FUND EQUITY 276,487 $ 445,081 $ 415,543 The accom panying notesare an integralpartofthisstatenlent. 3

8 FIRE PROTECTION DISTRICT NO.2 O F'TH E PARISH O F POINTE COUPEE,LO UISIANA STATE M ENT O F' REVENUES,EXPENDITURES,AN D CHANGES IN FUND IiALANCE - G OVERN M ENTAL FON D TYPE -G ENERAL FUN D FOR THE YEAR ENDED DECEM BER 31,2000 Revenues: q~xes- Ad valorem TotalTaxes ,967 Intergovernm entalrevenues- State fire insurance rebate State revenue sharing TotalIntergovernm entalrevenues 3,721 ~ 2A0 8_ 5, _ 82._ 9 3,761 M iscellaneousrevenues- Intelx.stearned TotalM iscellaneousrevenues TotalRevenues Expenditures: Curlx'ntO perations- G eneralg overnm ent Professionalfees Tax collectorfees Tax collectorfees TotalGeneralG overnm en Public Safety - Vehicle m aintenat3ce Radios/pagers m aintenance Fire equipm entm aintenaoce Protective gear Building m aintenance Telephone Utilities Insurance Suppliesand sm alltoo s Traveland training sessions Allothers TotalPublicSafeR, TotalCurrentO perations CapitalO utlays - Fire fighting equipm entand tools 6,3. ~ 44 ~ 7 6A~ 44 ~ Z~v 52,2M _ - 39 ~ ,800 1, ,400 1, , ~ _5 2,079 1,125 1, ,320 7,391 1, ,92 _ 0 ]8, ,512 2~ ~ 39 _~ 1,191.,35 ~ _8 1,19 _ ~ _ 3,350 _ TotalExpenditures Excess ofrevenues O verf.xpenditufes Fund Balance -January 1 FUND BALANCE.DECEM BER 31 20,709._ 25~749 32,022 13, ,8~_ ~ _6 $ 1649o ,879 The accom panying notes are an integralpartofthisstatem ent 4

9 FIRE PRO TECTIO N D ISTRICT N O.2 O F TH E PARISH O F PO INTE CO UPEE,LO UISIANA STATE M ENT O F REW EN UES,EXPENDITURES,AND CHAN GES IN FUND BALAN CE - BUDGET AND ACTUAL (GAAP BASIS)-GOVERNM ENTAL FUND TYPE -GENERAL FUND FO R TH E YEAR EN D ED D ECEM BER 31,2000 {even i.ics: Taxes- Ad valorem Buds _ et 2000 Actual Variance Favorable _~:L_~_~,o~bM _ $ 39a800 $ 40,566 $ 766 Actual $ 28)967 TotalTaxes _ 40, ,967 ntergovernm entalrevenhes- State fire insurance rebate State revenue sharing 3, , B (40) ~ 92 _Z 3,761 2,207 Totallntergovem m elatalrevenues 6L761 5,829.(232 _ )_ M iscellaneousrevenues- Interestearned , ,417 TotalM iscellaneousf,evenues 4,000 6,336 2, ,561 52,731 2,170 39,352 Expenditures: CurreutO perations - G eneralg overnm ent. Professionalfees Tax collectorfees F.lection expense 1,600 1,500 3,100 1,800 1, (200) (81).:~!!D_ 1,400 1,123 1,472 3,598 _.(.~98) 3,995 Public Safety - Vehicle m aintenance F,adios/pagcrs m aintenance Fire equipm entm ainteoance Protective gear Building m aintenance Telephone Utilities Insurance Suppliesand sm alltools Traveland training sessions Allothers 1,500 2,000 1,500 1,500 1, ,000 7,500 2,000 5O ,079 1,125 1, ,320 7,391 1, (579) 875 (486) 1, ,175 1,735 1,244 1, ,592 7,023 2, TotalI'ublic Safety _ 15,920 4,580-18,396 TotalCurrentO perations 23~ ,082 22,391 The accom panying notesare an integralpartofthisstatem ent

10 CapitalO utlays- Fire fighting equipm entand tools Bud~eL Actu al 1,191 Variance Favorable Actual 3,809 3~358 TntalCapitalO utlays 5,000 1,191 3,809 3,358 TotalF.xpendit0res 28~6oo 20,709 7,891 25,749 Excessof I{eve/ltlesO ver Expenditures 21, ,061 13,603 Ftm d Balance -January 1 132L , FUND BALANCE -DECEMBER 31 $ 154~_ $ 132,879 The accon'~panying notesare an integralpartnfthisstatem ent 6

11 FIRE PRO TECTIO N D ISTRICT N O.2 O F TH E PARISH O F PO IN TE CO U PEE M O RG AN ZA,LO U ISIA NA N O TES TO TH E FINAN C IAL STATEM EN TS N O TE 1 -INTRO D U CTIO N O n July 14,1981,tile 4th W ard Fire Protection Districtofthe Parish ofpointe Coupee,I,ouisiana w as rcdesignated Fire Protection DistrictNo.2 ofthe Parish ofpointe Coupce,I,ouisiana(the "District")by a resolution ofthe Pointe Coupce Parish Police Jury under authority oflouisiana Heviscd Statute 40 Section The D istrictoperates undera com m ission form of governm entand provides fire proteclion services to allthe territory situated w ithin the lim its ofpointe Coupee Election D istrict3,as said F,lection D istrictw as constituted. The Board iscom posed of five com m issioners: tw o appointed by the Poiute Coupec Parish Police Juw ;two appointed by the Village ofm organza;and one appointed by the otherfourw ho acts aschairm an. These five conlm issionersacceptno com pensation ah lough perdleln is allow ed. The D istrict has no em ployees. Labor is furnished through a intergoverm nentalservice agtvem entw ith the localvolunteer fire~ghters. N O TE 2 -SU M M ARY O F SIG N IFICAN T ACCO U N TIN G PO LICIES Bastsof Presentation Tim accom panying general purpose financial statem ents of tim Fire Protection l)istrict No.2 of the Parish ofpointe Coupee,Ixm isiana have been prepared in conform ity w ith generally accepted accounting principles (GAAP) as applied to governm entalunits. The Governm entalaccounting Standards Board (GASB) is the accepted standard-setting body for establishing governm entalaccountirtg and financialreporting principles. Asthe governing authority ofthe parish,forreporting purposes,the Pointe Coupee Parish Police Jury is the financialreporting entityforpointe Coupee Parish.The financialreporting entityconsistsof[a]the prim ary governm ent(police jury),[b]organizationsforwhich the prim ary governmentisfinancially accountable,and [c]otherorganizationsforwhicilnature and significance oftheirrelationship with the prim ary go'cernnlentare such thatexclusion w ould cause the reporiing entity's financialstatem ents to be m isleading orincom plete. G overnm entalaccounting StandardsBoard Statem entn o.14 established criteria fordeterm ining w hich con'q3onent units should be considered part of thc Poirtte Coupee Parisl~ Police Jury h)r financial reporting purposes. The basic criterion for including a potentialcom ponentunitw ithin the reporting entity is financial accountability. The GASB has set forth criteria to be considered in determ ining financialaccountability. This criteria includes: Appointing a voting m ajority ofan organization'sgoverning body,and a. The ability ofthe police jury to im pose itsw illon thatorganization and/or b. The potential for the organization to provide specific financial benefits to or im pose specific financialburdenson the police jury.

12 FIRE PRO TECTIO N D ISTRICT N O.2 O F TH E PARISH O F PO IN TE CO U PEE M O RG AN ZA,LO U ISIAN A N O TES TO TH E FIN AN C IAL STATEM EN TS 2 O rganizations for w hich tile police jury does not appoint a voting m ajority but are fiscally dependenton tile police jury. O rganizations for",vhicb the reporting entity fnancialstatem ents w ouklbe m isleading if data of tile organization is not included because of tile nature or significance of the Applying criteria ~/3,the D istrictw asdeterm ined to be a com ponentunitof tile l'ointe Coupee Parish Police Jury,the financialreporting entity. The accom panying financialstatem entspresentinform ation only on the ftm ds m aintained by the Districtand do notpresentinform ation on tile police jury,the generalgovernlne llservices provided by thatgovernm entalunit,or tile othergovernm entalunits that com prise the financialreporting entity. Fund A ccounting The D istrict uses funds and account groups to report on its financialposition and the results of its opcratiorts. Fund accom lling is designed to dem onstrate legalcom pliance and to aid financialm anage- Inentby segregating transactionsrelating to certain governm entfunctions or activities. A fund is a separate accounting entity w ith a self-balancing set ofaccounts. O n tile other band,an accountgroup is a financialreporting device designed to provide accountability for certain assets and liabilitiesthatarc notrecorded in the fundsbecause they do notdirectly afectnetexpendable available financialresol.irccs. Funds ofthe l)istrictare classified as governm entalfunds. G overnm entalfunds accountthe D istrict's generalactivities,including tile collection and disbursem entof specific orlegally restricted m onies,tile acquisition or construction of general fixed assets, and the scjwicing of general long-ternl debt. G overnm entalfundsof the D istrictinclude: GeneralFund -- the generaloperating fund of the D istrict and accounts f)r allfinancialreso u rces. The accol.lnting and financialreporting treatm entapplied to a fund is determ ined by its m easurenlent focus. The governnlental funds are accounted R~r using a current financialresources m easurem ent focus. W ith this m easurenlentfocus,only currentassets and currentliabilities are generally included on the balance sheet. O perating statem ents of these ftlnds present increases and decreases il net current assets. The m odified accrual basis of accounting is used by tile governm ental funds. The governm entalfundsuse the follow ing practices in recording revenues and expenditures:

13 FIRE PRO TECTIO N D ISTRICT N O.2 O F TH E PARISH O F PO IN TE C O U PEE M O RG AN ZA,LO U ISIANA N O TES TO TH E FINAN CIAL STATEM EN TS Property tax revenues are recognized w hen they becom e available. Available nleans w hen dtle, orpastdue and receivable and collected generally w ithin 60 daysafteryearend. See Note 4 for tile property tax calendar. M iscellaneous revenue (except investm ent earnings) arc recorded as revenue w hen cash is t~'ceivcd because they generally are notm easurable untilactually received. Investm entearnings are recorded asearned since they art"m easurable and available. Federaland state grants and reim bursenlents are recorded w ben tile l)istrictis entitled to the funds. Substantially allotherrevenuesare recorded w hen received by tile D istrict l~pendttures Expendituresare generally recognized under tile m odified accrualbasisofaccounting w hen the related fund liability is incurred,except for principal and interest on generallong-term debt w hich are recognized w hen (hie in the G eneralfund. Proposed operating budgets for tile fiscalyears 1991 through 2000 (tile term oftile approved ad valorem tax m illage),prepared on GAAP Basis,are approved by tile Board ofcomm issioners and adopted il accordance w Jlh the Local G overnm ent Budget l.aw. The operating budget includes proposed expendituresand the m eansof financing tlm m. l)nring the year,nlonthly bu(igetary conlparjson stalem ellts are used as m anagem ent tools to control operations. W hen necessalt the Board adopts budget am endm ents w hich are included il D istrict m inutespublished in tile officialjournal. The D istrictexercises budgetary controlatthe line item level. U nexpended appropriationslapse attile end yearend and m ustbe reappropriated in the nextyear'sbudgetto be expended. Encum brances l'hc I)istrictdnesnotfollow the encum brance m ethod ofaccounting Cash includes am otm ts in dem artd deposits. U nderstate law,the D istrictm ay depositftm ds iradem and deposits,interest-bearing dem and deposits,m oney m arketaccounts,or tim e deposits w ith state banks organized underl.ouisiana law and nationalbankshaving theirprincipaloffices ili.ouisiana.

14 FIRE PRO TECTIO N D ISTRICT N O.2 O F TttE PARISH O F PO IN TE CO U PEE M O RGAN ZA,LO U ISIANA N O TES TO TH E FINAN CIAL STATEM EN TS Bad D ebts The D istrictuses tile directcharge-of m ethod w hereby uncollectible am ounts due fi'om charges arc recognized as bad debts ;It the tim e inform ation becom es available w hich w ould indicate tile nncollectibility ofthe particular receivable. The directcharge-of m ethod is used because itdoes not canse a m aterialdeparture 1"1"o 1"1GAAP and itapproxim ates the valuation m ethod.!nventorles Inventoriesfor supplies are im nlaterialand are recorded asexpenditures w hen purchased!qxed Assets Fixed assets are recorded as expenditures attile tim e purchased or constructed,and tile related assets arc capitalized (reported) in the generalfixed assets accountgroup. Interestcosts incurred dtu'ing construction arc capitalized. N o depreciation has been provided on general fixed assets. All fixed assets arc valued athistoricalcostor estim ated historicalcostifactualhistoricalcostis not available. I)onated fixed assets are stated attheirestim ated fairvalue on the date donated. Com tw nsated A bsences The D istricthas no em ployees;therefore,ithas no vacation or sick leave policies Fund Equt ~ The unrcsclwcd fund balances for governm entalfunds represent the am ount available for budgeting future operations. Com parative totaldata for tile prior yearhave been presented in the accom panying financialstatem ents in order to providc an understanding of changes in tile D istrict's financialposition and operations.!lowever,complete com parative data (i.e.,presentation ofprioryeartotalsby fund type in each ofthe statem ents)have notbeen presented since theirincltlsion wotdd m ake the statem entsunduly complex and difficnltto read. TotalColum ns on Com bined Statem en ts Totalcolum ns on the Com bined Statem ents art:captioned "M em orandthn O nly" to indicate thatthcy are presented only to facilitate financial analysis. D ata in these colum ns do not present financial position or results ofoperations,in conform ity w ith generally accepted accounting principles. N either issuch data com parable to a consolidation, lnterfund elim inationshave notbeen m ade in the aggrcgalion ofthisdata. 10

15 FIRE PRO TECTIO N D ISTRICT N O.2 O F TH E PARISH O F PO IN TE CO U PEE M O RG AN T~,LO U ISIAN A N O TES TO TH E FIN AN C IAL STATEM EN TS N O TE 3 -CASH AtD ecem ber31,2000,the status of deposited fundsand collateralized balancesare asfollow s Balance per bank statem ents Secured by FederalI)epositinsurance Secured by m arketvalue ofpledged securities $ 126, , U nsecured and Uncollateralizcd These deposits are stated atcost,w hich al)proxinaates m arket. Understate law,these deposits m ustbe secured by federaldepositinsurance or the pledge ofsecurities ow ned by the fiscalagentbank. Tim m arketvalue ofthe pledged securities plus the federaldepositinsurance m ustatalltim es equalthe am ount on deposit",viii) the fiscalagent. These securities are held in the nam e of the pledging fiscal agentbank in a holding or custodialbank thatis m utually acceptable to both parties. F.vcn though the pledged securitiesare considered uncollatcralizcd (Category 3)underthe provisions ofgasb Statem ent No.3,R.S.39:1229 im poses a statutow requirem ent on the custodialbank to advertise and selltile pledged securities w ithin 10 clays of being notified by the D istrictthatthe fiscal agenthas failed to pay deposited fundsupon dem and. N O TE 4 -AD VALO REM TAXES A ltaxable property located w ithin the State oflxm isianaissubjectby law to taxation on the basisofits assessed valuation. The assessed value is determ ined by the Parish Assessor,except for public utility property w hich is assessed by the l.ouisiana Tax Com m ission. The 1974 l,ouisiana Constitution provided that,beginning in 1978,allland and residentialproperty w ere to be assessed at 10% offair m arketvalue;agricnhural,horticultural,m arsh lands,tim ber lands and certain historic buildings are to assessed at 10% of "use" value;and allother property is to be assessed at15% of fairm arketvalue. Fairm arketvalues are ~leterm ined by the elected assessor of tile parish and are subjectto review anad finalcertification by the Louisiana Tax District. The Assessor is required to reappraise allproperty every fouryears. The Sherif ofl'ointe Coul)ee Parish,as provided by State l,aw,is the ofi cialtax collector of general property taxes levied by tile Parish. By agreem ent,the Sherif receives a com m ission ofal)proxim ately 3.91%. The m illage rates arc adopted in late O ctober. The taxes are levied and notices arc m aik:d {)litin m id Novem berofthe year.a ltaxesarc due by Decem ber31ofthe yearand are delinquenton January 1of the nextyear,w hich is also tile lien date. State law requires the Sherif to collectproperty taxes in the calendar year in w hich the assessm entis m ade. If taxes are not paid by the due date of Decem ber 31,the taxes bear interest at one and 11

16 FIRE PRO TECTIO N D ISTRICT N O.2 O F TIlE PARISH O F PO IN TE CO U PEE M O RG AN ZA,LO U ISIAN A N O TES TO TH E FINAN CIAL STATEM EN TS one-fourth percent(1.25%)i,ierm onth untilthe taxesarc paid. Afternotice isgiven to tile delinquent taxpayers,the Sherif is required by the Constitu tion ofthe Stale oflxm isiana to sellthe leastquantity ofl,iroperty necessaty to settle the taxesand interestow ed. Properly taxes are recognized as revenue il the ),ear for w hich they are levied arid I,ieeoule (]tie. The m ajority ofthe year'staxesare usually collected in Novem berand Decem berofthe year.any amotm ts notcollected atd ecem ber31 are show I'ias accotm ts receivable. For the ),ear 2000,taxes of $40, w ere levied on property w ith assessed valuations totaling $10,201,106 attim rate of4.82 nfills for the ptu'pose ofm aintaining and operating the District's fire protection facili ies,for l,iurchasing fire trucks and other fire fighting equil,im entand paying the coslof ol,itaining w ater" for fire l,irolection purposes,including charges forfire hydrantrentals and service and for the im rposc tire Fire Protect im blie. ofpaying the costof acquiring,im proving,or constructing fire protection facilities of on D istrict,constituting w orks of public im l,irovem ent,title to w hich shallbe in the N O TE 5 -D UE FRO M O TttER G OVERNM ENTAL UNITS The balance due from other goverm nentalllnits for reim bursem ent of a parishw ide em ergency telephone service is asfollow s: Fire Protection D istrictn o Fire Protection D istrictn O Fire Protection D istrictn o Fire Protection D istrictn o NOTE 6 -CttANGES IN GENERAL FIXED ASSETS A sum m ary of changesin generalfixed assets follow s Vehicles Fire Fighting equiprnentaools Radios and paging eqnipnaent Uniform santiprotective gear O ffice furniture and equil,im ent Fire hydrants B ulḷdings and i.m provem ents Januai)' Decem ber31 D eletions 2000 $ 158,390 46,656 46,010 7,389 2,017 4,860 11,556 12

17 FIRE PRO TECTIO N D ISTRICT N O.2 O F TH E PA RISH O F PO IN TE C O U PEE M O RG AN Z&,LO U ISIAN A N O TES TO TH E FINAN CIAL STATEM EN TS N O TE 7 -PEN SIO N PLAN AN D RETIREM EN T CO M M ITM ENTS l'he D istricthasno em ployees;therefore,ithasno pension plan orretirem entcom m itm eflts N O TE 8 -CO NTIN G EN T LIABILITIES There isno pending litigation againsttile D istrict N O TE 9 ~CO M PENSATIO N PAID TO BOARD M EM BERS lt,lcom pliance w ithlllouse ConcurrentResolution N o.54 ofthe 1979 Scssion of tim lxm isiana l.cgislature,com pensation paid to board m em bersisas follow s: Eugenc Serio Eric G ustin ValeiT Joseph I.andry D arylm artin M ark Ram agos 0 N O TE 10 -FED ERAL FINAN C IA L ASSISTAN C E There are nn active aw ardsfor tile yearended I)ecem ber 31,

18 SU PPLEM EN TAL IN FO RM ATIO N

19 SCItEU D LE 1 FIRE PRO TECTIO N D ISTRICT N O.2 O F TH E PARISH O F PO INTE CO U PEE M O RG AN 2"~,,LO U ISIANA TAXABLE PRO PERTY VALUATIO N S SIN CE IN CEPTIO N (UNAUDITED) Year M ills Levied OO , Assessed Value $ 9,844,498 11,546,004 9,048,974 12,170,902 9,524,387 8,599,802 8,780,793 8,954,817 7,964,444 8,699,622 9,730,755 10,217,576 10,041,022 9,689,747 10,109,490 10,007,485 9,483,904 9,705,504 10,201,106 H om estead F~xem ption $ 1,572,051 1,568,652 1,600,534 1,608,671 1,626,432 1,634,263 1,504,641 1,507,232 1,487,812 1,478,362 1,508,185 1,476,375 1,510,806 1,552,866 1,666,851 1,703,636 1,724,425 1,724, Tax to be Pald by O w ner $ 24,818 29,932 22,346 31,687 31,671 27,932 29,177 29,865 25,971 28,957 29,273 29,983 29,259 27,910 28,115 28,732 28,633 29, Tax to be Pad by S~ tc 4,716 4,7O6 4,802 4,826 6,523 6,554 6,034 6,045 5,967 5,929 5,369 5,064 5,182 5,327 5,551 5,895 6,364 6,363 8,768 Total Tax 29,534 34,638 27,147 36,513 38,194 34,487 35,212 35,910 31,938 34,886 34,642 35,047 34,442 33,237 33,666 34,626 34,997 35,

20

21 CERTIFIED PUBLIC ACCO UNTANT (A ProfessionalCorporation) Practice Lln'dtcd to Governm entalaccounting,auditing and FinancialReporting O fi ce 7663 ANCIIOR DRIVE VE N'I'Pd~SS ) IA M em ber AM ERICAN INSTII'LrI'E OF CPA.~.OUISIANA SOCI'~ly OF Cp~ GOVERNMENT FINANCE O FFICERS ASSOCIM 'ION IN D EPEN D EN T AU D ITO R'S REPO RT O N CO M PLIAN CE AN D O N IN TERNAL C O N TRO L O VER FINAN CIAL REPO RTIN G BASED O N AN AU D IT O F FINAN CIAL STATEM EN TS PERFO RM ED IN AC CO RD AN CE W ITH G O VERNM EN T A UD ~ G STA ND A RD S M r.eugene Serio,C hairm an and the M em bersoftile Board of Com m issioners Fire Protection D istrictn o.2 of tile ])arish ofl)ointe Coupee M organza,l,ouisiana lhave audited the gcncralpurpose financialstatem ents ofthe FIRE PRO TECTIO N D ISTRICT NO.2 OF TItE PARISH OF POINTE COUPEE,LOUISIANA (the "District"),a com ponentunitof the Pointe Coupee l'arish Police Jury,as ofand forthe yearended I)ecem ber 31,2000,and have issued m y reportthereon dated M ay 11,2001. Iconducted nay auditin accordance w ith generally accepted auditing standards and the standards applicable to financial audits conrained in G overnm enta uditing Standards,issued by the Com ptroller G eneralof the U nited States. Com p liance As partof obtaining reasonable assurance aboutw hether the D istrict's financialstatem ents are free of m aterialm isstatelnent,1 perform ed tests of its com pliance w ith certain provisions of law s,regulations,contracts and grants,noncom l)liance w ith w hich could have a dh'ect and m aterialeffecton the determ ination of financialstatem entam ounts. H ow ever,provkting an opinion on com pliance w ith those provisionsw asnotan objective ofm y auditand,accordingly, 1 do not express such an opinion. The results of m y tests disclosed no instances of nonconlpliancc thatare required to be reported under G overnm enta ud iting Standards. InternalControl O ver Financial Reporting In planning and perform ing any audit,1considered the D istrict's internalcontroloverfinancial reporting in order to determ ine any auditing procedures for the purpose of expressing m y opinion on the general purpose financial statem ents and not to provide assurance on the internalcontrolover financialreporting. M y consideration of the internalcontrolover financialrcporting w ould not necessarily disclose allm atters in the internalcontrolover financial 17

22 reporling thatm ightbe m aterialw eaknesses. A m aterialw eakness is a conditiof~in w hich the design or operation of one or m ore of the internalcontrolconll)onents does notredtlcc to a relatively low levelthe risk thatm isstatem entsin am ounts thatw ould be m aterialin relation to tile generalpurl)ose financialstatem ents being audited m ay occur and notbe detected w ithin a tim ely period by em ployees in the norm alcourse of perform ing their assigned functions. 1 noted f~o m atters involving the internalcontroloverfinancialre.porting and itsol)eratiof~that1 consider to be m aterialw eaknesses. Thisreportis intended solely forthe inform ation and use ofm anagem ent,the Police JulT of the Parish of Pointe Coupee,New Roads,Louisiana (oversight entity),and the Legislative Auditor for the State of l.ouisiana and is notintended to be and should notbe used by anyone othcr than these specified parties, llow ever,this reportis a m atter of public record and its distril)ution is notlim ited. M ay 11,

23 TH IS PAG E IN TENTIO NALLY LEVY BLAN K

24 FIRE PRO TECTIO N D ISTRICT N O.2 O F TItE PARISH O F PO IN TE C O U PEE M O RG AN ZA,LO U ISIAN A SC H ED U LE O F FIN D IN G S YEAR, EN D ED D ECEM BER 31,2000 A. SUM M ARY O F AU D IT RESU LTS The auditor's report expresses an unqualified opinion on tile generalpurpose financial statem ents of Fire Protection D istrict N o. 2 of the Parish of Pointe 2 N o reportable conditionsw ere disclosed during tile auditof the generalpurpose financialstatem ents. N o com pliance violationsw ere disclosed (luring the auditof the generall~urpose financialstatem ents. There w ere no federal aw ards received by Fire Protection D istrict N o.2 of the Parish of Pointe C oupee. B. FIN D IN G S - FINAN CIAL STATEM ENTS AU D IT N one 20