T O W N O F JO N E SV 1L L E,L O U IS IA N A G E N E R A L P U R P O S E FIN A N C IA L STA T E M E N T S

Transcription

1 T O W N O F JO N E SV 1L L E,L O U IS IA N A G E N E R A L P U R P O S E FIN A N C IA L STA T E M E N T S Y E A R S E N D E D JU N E A N D 1999 W IT H IN D E P E N 1)E N T A U D IT O R 'S R E P O R T Underproviqon:crrt:!r'!"'f'q'~r:'porl-Is a ptlbilc docurnei!:.,' " ' ~ ''! : :~!t,:~dto th e eh.'~;';! ~ :, : Ihe Rou(Je,'~;~.;. ',,,,:;ere approp~iata, ~ci.~, : t~kh~ i:u,ish clc(k ofcourt, ReLease bate Lz_l-"-1"~!

2 TA B L E O F C O N T E N T S IN I)E PE N D E N T A U D ITO R 'S R E PO R T 1-2 G E N E RA L PU R I)O SE FIN A N C IA L STA TE M E N T S (CO M BIN ED STATEM EN TS -O VERVIEW ) C om bined B alance Sheet -A ll Fund Types and A ccount G roups 3-4 C om bined Statem cnl of R evenues,e xpenditures and C hanges in Fund B alances -A ll G overnm ental Fund Types 5 C om bined Statem ent of R evenues,e xpenditures and C hanges in Fund Balances -Budget (G AAP Basis)and Actual-G eneral,specialrevenue and D ebt Service Fund Types 6-7 C om parative Statem ent of R evenues,e xpenses R etained E arnings -Proprietary Fund Type -- and C hanges in 8 Com parative Statem entofcash Flow s -Increase (D ecrease)in Cash and C ash E quivalents - P roprietary Fund Type 9 N otes to FinancialStatem ents FIN A N C IA L STA T E M E N TS O F IN D IV ID U A L FU N D S A N D A C C O U N T G R O U PS G eneral F und C om parative B alance Sheet Statem ent of R evenues,e xpenditures and C hanges in Fund B alance Statem ent of E xpenditures Special R evenue Fund L C D B G H ousing Rehabilitation Fund - Statem ent of R evenues,e xpenditures and C hanges in Fund B alance O 31 D ebt Service F uncls Statem ent of R evenues E xpenditures and Changes in F und B alance 32 33

3 E nterprise Fund M unicipal U tilities System C om parative t~alance Sheet C om parative Statem ent of O perating R evenues and E xpenses -A ll I)epartm cnts C om parative Statem ent of O perating R evenues and E xpenses E lectric D epartm ent W ater I)eparlm ent N atural G as ])epartm ent Sew er D epartm ent G E N E R A L FIX E D A SSET A C C O U N T G R O U P C om parative Schedule of G eneral Fixed A ssets - By Source Schedule of G eneral Fixed A ssets - B y Function and A ctivity Schedule of C hanges in G eneral Fixed A ssets - By Function and A ctivity G E N E R A L LO N (~-T E R M D E BT A C C O U N T Statem ent ef G enerallong-t erm D ebt--- SC H E D U LE O F E X PE N D IT U R E S O F FE D E R A L A W A RD S O IN T E R N A l, C O N T RO l,a N D C O M PLIA N C E R E PO R TS R eport on C om pliance and on Internal Control O ver Financial R eporting B ased on an A udit of Financial Statem ents Perform ed in A ccordance w ith (:~oxernm enta u d_~tio:g Stand_a=_rds Schedule of Findings M anagem ent R eport M anagem ent's C,orrective A ction P lan 57-58

4 BILl RUStlMOSBY.JR,CPA 3nOM AS [ HFA RD,CPA (HARL~S W.CALI)WEII.Jr.cPA BENNFq~ M JF~ '~SONNE,CPA,CVa %'111 JAM "q.q ~S GORI~,CPA VIRGINIA C BLACKW OOD,CPA DONNA VF~3 AS CA LLAWAY.CPA F~kl'~ CIA G DAVIS,CPA 3hM BIB F~.ISH.CPA MADKIYN A LECKIK CPA,CBA SIM M(RAE M OSB Y.CPA/I~S M ICHAEL T N UN NW~RY,CPA DI)N']S[~H SFA I.F.CPA Sm AS M.S~M M ONS & COM PANY,LLP CERTSHED PUBt.IC ACCOUNTANTS & CONSUt.TANTS 209 N ORTH COMMERCE STREET POST O FFICE BOX 1027 NATCHFZ,M ISSISSIPPI IN D E P E N D E N T 'O R T ESTABL1SHF.D 1932 Sll~ S M SIM M ONS,CPA FR ANK t.byars.f~'a LAM AR G.ROGF;~LS,CPA RF?TIRED C."~,"r~S I~.Y C hi,1[)'~ 1L.CPN -RI~-I~q3-]D 1OLIN M MARCaBANKS.CPA -P,Eqq RFJ ) ROBERT C.GARDNER,CPA -REIIRF~~ TFJ~EPItONE 601~M2-74 FAX (;OI T he H onorable W.F."B illy" E dw ards,m ayor and The M em bers of the Tow n Council T ow n of Jonesville.l,ouisiana W e have audited the general purpose financial statem ents of the Tow n of Jonesville, L,ouisiana, as of and for the year ended June 30, 2000, as listed in the Table of C ontents. These general purpose financial statem ents are the responsibility of the Tow n's m anagem ent. O ur responsibility is to express an opinion on these generalpurpose financialstatem ents based on our audit. W e conducted out audit in accordance w ith generally accepted auditing standards and the standards applicable to financial audits contained in G'cLvernrnt?n t A udi&~ Standard~, issued by the Com ptrol]er G eneral of the U nited States. Those standards require that w e plan and perform the audit to obtain reasonable assurance about w hether the general purpose financial statem ents are free of m aterial m isstatem ent. A n audit includes exam ining, on a test basis, evidence supporting the arnounts and disclosures in the general purpose financial statem ents. A n audit also includes assessing the accounting principles used and significant estim ates m ade by m anagem ent, as w ell as evaluating the overall general purpose financial statem ent presentation. W e believe that our audit provides a reasonable basis for our opinion. In our opinion, the general purpose financial statem ents referred to above present fairly, in all m aterial respects, the financial position of the Tow n of Jonesville, Louisiana, a~,: of June 30, 2000, the results of its operations of such funds and the cash flow s of its proprietary fund type for the year then ended,in conform ity w ith generally accepted accounting principles. In accordance w ith V g St _ a _ n _ dards w e have also issued our report dated A ugust 29, 2000, on our consideration of T ow n of Jonesville, Louisiana's internal control over financial reporting and our tests of its com pliance w ith certain provisions of law s,regulations,contracts and grants. AM12RICAN INSTiTb'T~ OF Ci,A~ MISStXSIPP~~ y Of ('pa~ LO(~SLANA SOtS-STy OF C'PA~

5 O ur audit w as perform ed for the purpose of form ing an opinion on the general purpose financial statem ents taken as a w hole. T he com bining, individual fund, and account gronp financial statem ents and schedules, as listed in the T able of C ontents, including the Schedule of E xpenditures of Federal A w ards as required by U. S. O ffice of M anagem ent and B udget C ircular A -133, "A udits of States, Local G overnm vnts and N on-profit O rganizations", are presented for purposes of additional analysis and are not a required part of the general purpose financial statem ents of lhe Tow n of Jonesville, Louisiana. Such inform ation has been subjected to tbe auditing procedures applied in the audit of the general purpose financial statem ents, and in our opinion, except for the item s m entioned in the preceding paragraphs, is fairly stated, in all m aterial respects, in relation to the generalpurpose financial statem ents taken as a w hole. T he financial inform ation of the previous year, w hich is included for com parative purposes,w as taken from the financial report for that year in w hich w e expressed a qualified opinion due to uncertainties in generalfixed assets. N atchez,m ississippi A ugust 29,200(}

6 G E N E R A L P U R P O SE F IN A N C IA L ST A T E M E N T S (CO M B IN ED STA TEM E N TS -O V E R V IEW )

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9 T O W N O F.~O N F.SV IL L E,L O U ISIa N a. CA)M B IN E D ST A T E M E N T O F R E V E N U E S,E X P E N D IT U R E S A N D C H A N G E S IN F U N D B A L A N C E S A L l,g O V E R N M E N T A L F U N D T Y P E S Y E A R E N D E D J U N E 30,2000 R evenues T axes 1,icenses and perm its ]ntergovernn'lenta} revenue Fines and forfeits C harges for services N ote proceeds O ther reven ue Total revenues E xpenditures C urrent G eneral governm ent Public safety Police Fire H ighw ays an d slreets S anitation Industrial A irport.activity and rentals R ecreation :Rehabilitation loans and grants D ebt service P rincipal retirem ent In terest C apitaloutlay T otal expenditu res E xcess of expenditures Special D ebt G eneral _.. R evenue Service $ 425,503 $ ,407,6 _ 7~ $._ 56~ Z21 $ (870~ 3L'2_8) ~L : $ 32, Totals (M em orandum O nly) -15~~:11 59 _ a~56a 74, , ,372 35, ,111 30,000,J $ 534, , , L 4~ 9 L _!,5OA ~7_6A_ ~ 4Q ~ 8_69~ ~ (_9_)A A _97.) ,818 10, ,823 2~ 084 O ther financing sources (uses) O perating transfers in O perating transfers out Total other financing sources (uses) E xcess of revenues and other sources (expenditures and other uses' F und balances,beginning Fnnd balances,ending $ 910,189 (40,~69~ $ 40,869 $ 951,058 ~40~ 69) $ 1,157, ,32 0 ii : } 40~ 869 L 9D_o~18_9. } l,ovaa ~6o $ (1,068) $ 169,099 $ (1,008) $ 7,557 L69 ~099 1 _ B~ $!68.091~ $ : ~ ~ ~ 168,091 $ T he accom panying notes are an integral part of this financial statem ent

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12 T O W N O F JO N E SV IL L E,L O U ISIA N A C O M PA R A T IV E ST A T E M E N T O F R E V E N U E S,E X P E N SE S A N D C H A N G E S IN R E T A IN E D E A R N IN G S P R O P R IE T A R Y F U N D T Y P E Y E A R S E N D E D JU N E 39,2000 A N D _ 1999 O perating revenues C h arges for services E lectricity sales W ater sales N atural gas sales Sew er charges Interest irtcoln e O ther operating revenues T otal op~r~tin g revenues O perating expenses E lectricity departm ent expenses W ater departm ent expenses N atural gas departm ent expenses Sew er departm ent expenses T otal operating expenses $ 1,605, , , ~452 $ 2,315, , , , ,850 ~ _456 % 3~085~L8-I $ 1,536, , , ~303 $ 2,148,415 O peratin g iocom e O perating transfers T ransfers to C,eneral F und N et loss R etained earnings - beginning R etained earnings - ending 886,,186 $ 936,769 9_1o~!_89 _ 1~o~ )6] (23,703) $ (136,392) 41!=9_36 548~ 328 _ $ 388,233 $ 411>936 T he accom panying notes are an integral part of this financial statem ent

13 T O W N O F JO N E SV IL L E,L O U ISIA N A C O M P A R A T IV E ST A T E M E N T O F C A SH F L O W S IN C R EA SE (D E C R EA SE) IN CA SH A N D CA SH E Q U IV A LE N TS P R O P R IE TA R Y F U N D T Y P E Y E A R S E N D E D JU N E 30,2000 A N D 1999 (',ash flow s from operating activities C ash reeeivcd from custom ers C ash paym ents to suppliers for goods and services C ash paym en~s to em ployees for services O ther operatilkg revenues N et cash provided by operating activities C ash flow s fron~ non-capita/ financing activities O perating tra*~sfcrs to other funds N et cash used for non-capitalfinancing activities E n _ terp rise _._ 2909 ~ 999 (958, _ ) ~ _. (! l,024j lfl~ _ (L~024,71_4) 1 C ash flow s from capitaland related financing activities Principalpaym ents on notes payable P urch ases of fixed assets and equipm ent N et cash used for capital and related financing activities (32,533) $ (30,480) ~ _ ~ _32_ 53 ~) $ X_5 9~ 8 6 2) N et increase (decrease)in cash and cash equivalents ~_ 7/L585 ~ (8,0~ C ash and cash equivalents,beginning of year C ash and cash equivalents,end ofyear $ 27 L 980 ~ _ 2~ Q 49 34(;,5~5 $ 271,980 R econciliation of operating incom e to net cash provided by operating activities O perating ilrcom e 886 ~486 4 _$ _ 936~769 A djustm ents to reconcile operating incom e cash provided by operating activities D epreciation C hange in assets and liabilities D ecrease in accounts receivable Increase (decrease)in B ank overdrafts A ccounts payable A ccrued liabilities C ustom er deposits Totaladjustm ents 101,702 $ , N et cash provided by operating activities!,065,75~ $ 1,076,507 T he accom panying notes are an integral part of this financial statem ent

14 10 T O W N O F JO N E SV IL L E,L O U ISIA N A N O T E S T O F IN A N C IA L ST A T E M E N T S J U N E 30, 2O00 N O T E 1 - SU M M A R Y O F S G N IF IC A N T A C C O U N T IN G P O L IC IE S T he Tow n of Jonesville, Louisiana w as incorporated I)ecem ber 16, 1903, under the provisions of the L aw rason A ct. The T ow n operates under the M ayor-tow n C ouncilform of governm ent and provides the follow ing services as authorized by the A c.t: public safety (police and fire),streets,sanitation,recreation,public im provem ents,planning and zoning, provision for gas,electric,and w ater utilities,sew er services,airport facilities and general serv ices. T he accounting and reporting policies of the Tow n of Jonesville, Louisiana conform to gcnerally accepted accounting principles as applicable to governm ents. T he follow ing is;a sum m ary of certain significant accounting policies T his report includes all funds and account groups w hich are controlled by or dependent on the Tow n executive and legislative branches (M ayor and Tow n Council). The scope of the governm ental entity included in this report w as determ ined by applying the criteria established by Statem ent N um ber 14 of the G overnm ental A ccounting Standards Board, "T he F inancial R eporting E ntity". The application of these criteria revealed no additional governm ental reportin g entities,w hich w ould be properly includable in this report. B. F tt!a _ d A _ccot!ptitu~ T he accounting system of the Tow n is organized and operated on a fund basis w hereby a separate self-balancing set of accounts is m aintained for the purpose of carrying on specific activities or attaining certain objectives in accordance w ith specialregulations,restrictions or lim itations. T he various funds are grouped in the financial statem ents of this report into four generic',fund types and tw o broad fund categories as follow s: G overnm ental Funds G eneral Fund - T he G eneral Fund is the general operating fund of the Tow n. It is used to account for all financial resources except, those required to be accounted for in another'fund. Special R eveaue F und - Special R evenue F unds are used to account for the proceeds of specific revenue sources (other than expendable trusts or m ajor capital projects) that are legally restricted to expenditures for specific purposes. D ebt Service Fu~td - T he D ebt Service Fund is used to account for the accum ulation of resources for, and the paym ent of, general long-term debt principal, interest, and related costs.

15 11 T O W N O F JO N E SV IL L E,L O U ISIA N A N O T E S T O F IN A N C IA l,st A T E M E N T S J U N E 30, 2000 N O T E 1 - S U M M A R Y O F SIG N IF IC A N T A C C O U N T IN G P O L IC IE S B. _ Fu(ld A _ccp_t!.~ti0g (continued) E nterprise Funds - Enterprise Funds are used to account for operations (a) that are financed and operated in a m anner sim ilar to private business enterprises w here the intent of the governing body is that the costs (expenses,including depreciation) of providing goods or services to the generalpublic on a continuing basis be financed or recovered prim arily through user charges; or (b) w here the governing body has decided that periodic determ ination of revenues earned, expenses incurred, and/or net incom e is appropriate for capital m aintenance, public policy, m anagem ent control,accountability or other purposes. C. Basis of A c!~qi!u~t)~g P,asis of accounting refers to w hen revenues and expenditures or expenses are ~ecognized in the accounts and reported in the financial statem ents. The governm ental type fund is accounted for using the m odified accrual basis of accounting. T hese revenues are recognized w hen they becom e m easurable and available as )let cu rren t assets. E xpenditures are generally recognized under the m odified accrualbasis of accounting w hen the related fund liability is incurred. E xceptions to this general rule concern principal and interest on general long-term debt w hich is recognized w hen due. T hose revenues susceptible to accrual are property taxes, sales taxes, franchise taxes, fines, interest revenue and charges for services. Licenses, perm its and m iscellaneous revenues are not susceptible to accrual because, generally, they are not m easurable until received in cash. A ll proprietary funds are accounted for using the accrual basis of accounting. Their revenues are recogn ized w hen earned, and their expenses are recognized w hen incurred. A n estim ated am ount has been recorded for services rendered but not yet billed as of the close of the years involved. The receivable w as arrived at by taking the cycle billing the T ow n sent the custom ers in duly and prorating the am ount of days applicable to the current

16 12 T O W N O F JO N E SV IL L E,L O U IS IA N A N O T E S T O F IN A N C IA l, ST A T E M E N T S J U N E 30, 2000 N O T E 1 - SU M M A t~y O F SIG N IF IC A N T A C C O U N T IN G P O L IC IE S D. Fixed A s~'k~ an(!.!~_ongz_t_erm.liabilitj_([s_ T he accounting ~lnd reporting treatm ent applied to the fixed assets and long-term liabilities associated w ith a fund are determ ined by its m easurem ent focus. A ll governm entsl funds are accounted for on a spending or "financial flow " m easurem ent focus. T his m cens that only current assets and current liabilities are generally included on their balance sheets. balance (net current assets) is considered a m easure of "available spendable resources". G overnm ental fund operating statem ents present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. A ccordingly,they are said to present a sum m ary ofsources and uses of "available spendable resources" during a period. Fixed assets used in gow ~rnm ental fund type operations (general fixed assets) are accounted for in the G eneral Fixed A ssets A ccount G roup, rather than in governm ental funds. Public dom ain ("infrastructure") general fixed assets consisting of certain im provem ents other than buildings,including roads,bridges,curbs and gutters,streets and sidew alks, drainage system s, and lighting system, are not capitalized along w ith other general fixed assets. G eneral fixed assets are not depreciated. Long-term liabilities expected to be financed from governm ental funds are accounted for in the G er~eral I,o~w -Term D ebt A ccount G roup,not in governm entalfunds. A ll proprietary fun ds are accou nted for on a cost of services or "capital m aintenance" m easurem ent focus. This m eans that all assets and all liabilities (w hether current or noncurrent) associated w ith their activity are included on their balance sheets. Their reported fund equity (net total assets) is segregated into contributed capital and retained earnings com porlents. Proprietary fund type operating statem ents present increases (revenues) and decreases (expenses) in net total assets. D epreciation of all exhaustible fixed assets used by proprietary funds is charged as an expense against their operations. A ccum ulated depreciation is reported on proprietary fund balance sheets. D epreciation has been provided over the estim ated useful lives using the straight-line m ethod. The estim ated useful lives are as follow s: B uildings M achinery and equipm ent D istribution system -electricity D istribution system - w ater D istributiortsystem - gas D istribution system - sew er W ater tanks and w ells M eters 25 years years 20 years 50 years 50 years 50 years years 15 years

17 13 T O W N O F JO N E SV IL L E,L O U ISIA N A N O T E S T O F IN A N C IA L STA T E M E N T S J U N E 30, 2000 N O T E 1 - S U M :M A R Y O F SIG N IF IC A N T A C C O U N T IN G P O L IC IE S 1). FLxed A ~ c:ts and onu-term Liab (continued) A ll fixed assets are valued at historical cost or cost is not available. D onated fixed assets are date donated. E. B24dgetsand l~:udg. e _ t:arv A ccounting estim ated historical cost if actual historical valued at their estim ated fair value on the T he Tow n fellow s the follow ing procedures established by Louisiana R evised Statute in preparation of the budgetary data reflected in these financial statem ents. T he T ow n C lerk prepares a proposed budget T ow n C ouncil no later than fifteen days prior and subm its sam e to the M ayor and to the beginning of each fiscal year. A sum m ary of the proposed budget is published and the public notified that the proposed budget is available for public inspection. A t the sam e tim e, a public hearing is called. 3) A public hearing is held on the proposed budget at least ten days after publication of the call for the hearing. 4) A fter the holding of the public hearing and com pletion of all action necessary to finalize and im plem ent the budget, the budget is adopted through passage of an ordinance prior to the com m encem ent of the fiscal year for w hich the budget is being adopted. 5) B udgetaly am endm ents involving the transfer of funds from one departm ent, program or function to another or involving increases in expenditures resulting from revenues exceeding am ounts estim ated require the approval of the Tow n C ouncil. 6) A llbudgetary appropriations lapse at the end ofeach fiscalyear 7) Budgets for the G eneral,specialrevenue basis consistent w ith generally accepted am ounts are as originally adopted, or as C ouncil. and D ebt Service Funds are adopted on a accounting principles (GAAP). Budget am ended from tim e to tim e by the Tow n

18 T O W N O F JO N E SV IL L E,L O U IS IA N A N O T E S T O F IN A N C IA L S TA T E M E N TS ~U N E ~O,~ OO N O T E 1 - S U M M A R Y O F SIG N IF IC A N T A C C O U N T IN G P O L IC IE S F. (:~'ash and I~ax:esA ~ ents Investm ents are stated at cost and consist of dem and deposit accounts, savings accounts and certificates of deposit. For purposes of the statem ent of cash flow s, the E nterprise Funds consider all highly liquid investm ents (including restricted assets) w ith a m aturity of six m onths or less w hen purchased to be cash equivalents. The follow ing is a sum m ary of cash and cash equivalents for the proprietary fund type: C ash T em porary investm ents R estricted cash R estricted tem porary investm ents Cash and (:ash equivalents atjune 30 $ : = 346,565 $ 1,980 T he carrying am ount of the T ow n's cash and tem porary investm ents w ith financial institutions w as $525,449, and the bank balance w as $542,311 at June 30, There w as $944 in cash on hand at June 30, A t June 30, 2000, the Tow n's banks had pledged $590,412 in securities against the Tow n's deposits. The bank balance is categorized as fo]low s: A m ount insured by FD IC A m ount collatcralizcd w ith securities held by an independent financial institution's trust departm ent in the T ow n's nam e U ncollatera]ized R equired collateral - 100% of bank balance exclusive of FD IC Insurance plus FD ]C Insurance 200, : : 542,311 Investm ents m ade by the Tow n that are included on the balance sheet are sum m arized below. T he investm ents that are represented by specific identifiable investm ent securities are classified as to credit risk by the categories described below : 1 - lnsured or registered in the nam e of the Tow n and held by the T ow n, 2 - U ninsured but registered in the nam e of the Tow n and held by the Tow n. 3 - U ninsured and not registered in the nam e of the Tow n or held by the Tow n _._ Se= _ cu r~!:.yile N on-interest bearing accou n ts Interest-bearing tim e certificates of deposit Savings accounts C ateuor 2 _ 3 Carrying am ou nt M arket value 214,360 $ $ $ 214,36(~ $ 214, ,063 70~ 2fi 24 1,063 $ 525,44~ 24 1,063 _ 70~026 $ 525,4~9

19 15 T O W N O F JO N E SV IL L E,L O U ISIA N A N O T E S T O F IN A N C IA L ST A T E M E N T S JU N E 30,2000 N O T E 1 - S U M M A R Y O F SIG N IF IC A N T A C C O U N T IN G P O L IC IE S G. Inventoric For both governm ental and proprietary funds, purchase of various operating supplies are regarded as expenditures/or expenses at the tim e purchased, and inventories of such supplies (if any) arc not recorded as assets at the close of the fiscal year. For the years ending June 30 20{)(}and June 30, 1999,these am ounts w ere considered to be im m aterial. H. l~ ad l)et_bts U ncollectible am ounts due for custom ers' utility receivables are recognized as bad debts through the establishm ent of an allow ance account at the tim e inform ation becom es available w h ich w ould indicate th e uncollectibility of the receivable. I. C gn~ alativq, l) at~ C om parative total data for the prior year has been presented in the accom panying financial statem ents in oxder to provide an understanding of the Tow n's cash flow s and operations. H ow ever, com parative (i.e., presentation of prior year totals by fund type) data has not been presented in each of the statem ents since their inclusion w ould m ake the statem ents unduly com plex and difficult to read. o n)bined _ S ta te m e nt _ s - O ye rv ie _ w Total colum ns or, com bined statem ents - overview are captioned M em orandum O nly to indicate that they are presented only to facilitate financial analysis. D ata in these colum ns do not present financial position, results of operations, or changes in financial position in accordance w ith generally accepted accounting principles. N either is such data com parable to a consolidation, lnterfund elim inations have not been m ade in the aggregation of this data. N O T E 2 - A D V A L O R E M TA X E S The T ow n annually levies ad valorem taxes in accordance w ith state statute for the fiscal )'ear ended June 30. T ax bills are prepared and delivered in O ctober w ith paym ent due from the date of reeeipt to the last day of February. Because of the due dates noted previously, ad valorem taxes are not considered to be available resources of the fiscal year to w hich they t~i)ply and are,therefore,not accrued as of the end of the fiscal year. T he Tow n bills and collects its ow n property taxes using the assessed w dues determ ined by the T ax A ssessor of C atahoula Parish. For the year ended June 30,2000,taxes of 7.56 m ills w ere levied on property w ith assessed value of $9,224,750 and w ere dedicated as follow s: G eneral corporate purposes T otal taxe.~ levied w ere 7.56 $69,740

20 16 T O W N O F JO N E SV IL L E,L O U ISIA N A N O T E S T O F IN A N C IA l, ST A T E M E N T S J U N E 30, 2000 N O T E 3-1N T E R F U N D R E C E IV A B L E S A N D PA Y A B L E S ]nterfund receivables and payables w ere as follow s at June 30 F u rtd G eneral F und 2000 lnter _. f~nd Receivable _ t~ayable Receivable P_avable $ $ 48,447 $ Totals : $ = $ 48/t47 $ 48~,147 48,447 N O T E 4 - D U E F R O M O T H E R G O V E R N M E N T S A m ounts due from other governm entalunits consisted of the follow ing State of Louisiana T obacco tax B eer tax Jailinm ate housing V ideo D raw Poker H ighw ay m aintenance H oliday E nforcem ent G rant C atahoula Parish Jail inm ate housing P arish revenue sharing Sanitation sales tax O ther T ota $ 3,454 $ 2,524 3, ,176 9, ,398 10, ,5.,265 $ 34~073 N O T E 5 - R E ST R IC T E D A SSE T S R estricted assets as of June 30 w ere applicable to the follow ing G overnm ental fund types G eneral Fund - bui]ding savings Total governm ental fund types _ 2 _ 0._ $ ~; 18~_727 ~ 18,727 Proprietary ful~d types C ustom ers'deposits T otalrestricted assets $_= 152,188 ~ 161,129

21 17 T O W N O F JO N E SV IL L E,L O U ISIA N A N O T E S T O F IN A N C IA L ST A T E M E N T S JU N E 30,2000 N O T E 6 - F IX E D A SSE T S T he follow ing is a sum m ary of generalfixed assets B alance _ 6/30/99 ~A ~ iti0_~.s~ D ispositions. B a]anee 6/30/00 _ Land and buildings M achinery and equipm ent T otals $ 1,595,850 $ $ _ 6 6L $ 2,257,254 $!,036 $ $ 1,595,850 74~! ,181 $ 2,184,109 The generalfixed assets above include $91,159 ofm achinery and equipm ent,w hich have been valued at estim ated historical cost. The estim ated historicalcost w as based on the b est av ailable infornlation. T he follow ing is a sum m ary of changes in proprietary fund type property,plant and equipm ent for fiscal year ended June 30,2000: B alance _ 6/30199 A dditions D ispositions B alance E lectric system G as system W ater system Sew er system B uildings Land M iscellaneous eq u ip m en t $ l 1 1 _ 238~622 $ $ 1,199, ,70 1 1,441,06 1 1,5 13,564 11, T otal $ 4,767,336 $ $ $ 4,767,336 Less accum ulated depreciation _ (3,019,079) II {~ 70~ _A ~ 20,~ N et = :1,748,257 } (l(!:1,702) $ :: $.1,646,555

22 18 T O W N O F JO N E SV IL L E,L O U ISIA N A N O T E S T O F IN A N C IA L STA T E M E N T S JU N E 30,2000 N O T E 7 - C H A N G E S IN L O N G -T E R M D E B T The follow ing is a sum m ary of debt transactions for the Tow n for the fiscalyear ended June : U tility ~ (~ej!eraj_._()_ja_lig a tio n L o 0 g :~T e_ rnl F ttṇd C ertificate of N ote C apital N otes kn t:te b!~'d n e~ṣ payable leases p avable~ T _ ptals ~-~alance s, 6/30/99 $ 80,795 $ 27,800 $ 38,524 $ 45,569 $ Proceeds Principal retired = (6,72D (25~ 464) ~ _ (32~53._,'9._ (64~_7~ B alances. 6/30/00 ~ 80~795 ~ ~ 1~ 060 $ 13,036 $ 1~7,970 Long-term debt,as of June 30,2000,is com prised of the follow ing G eneral F und $340,000 Certificate of Indebtedness, Series held by C atahoulal.asalle B ank. dated February ll, A s of M arch 31, 1994, this C ertificate of Indebtedness w as restructured to add an additional $117,000 of principal. Principalinstallm ents are payable on D ecem ber 1 of each year beginning D ecem ber 1, 1994,and ending D ecem ber 1,2001, w ith an interest rate of 4.5% per annum,payable on D ecem ber 1 of each year, com m encing D ecem ber 1, The principal paym ent w as deferred by agreem ent betw een the Tow n and the B ank for FY E June 30,

23 19 T O W N O F JO N E SV IL L E,L O U IS IA N A N O T E S T O F IN A N C IA L STA T E M E N T S JU N E 30,2000 N O T E 7 - C ItA N G E S IN L O N G -T E R M D E B T G eneralful).d.(continued) N ote to C atah~ula-l asalle to purchase new com puter system and softw are in am ount of $30,000, dated February 24, 1999, payable in m onthly installm ents of $707.44, com m encing on M arch 10, 1999, and ending on February 10,2003,w ith an interest rate of 7.73% per annum. $ 21,079 N ote to Ford M otor C redit for the lease purchase of a N ew H olland 5550 Loader Backhoe in the am ount of $24,360,dated July 31, 1996,payable in m onthly ir~stalhncnts of $476.26, com m encing on July , and ending on June ;10,2001,w ith an interest rate of 6.70% per annum. 5,513 N ote to G overnm ent C apital C orporation for the lease purchase of new com puter softw are in the am ount of $42,527, dated M arch 22, 1996, payable in m onthly installm ents of $898.97, com m encing M arch 22, 1996, and ending on February 25, 2001, w ith an interest rate of 7.655% per an n u m. 7,482 N ote to W aterw orld to finance the purchase of Police D epartm ent equipm ent in the am ount of $1,550.88, dated July 22, 1996,payable in m onthly installm ents of $32.31, com m encing on A ugust 22, 1990, and ending on July 22,2000,w ith no stated rate of interest. 65 l)r~a)rie tay _ y F uns _ N ote to C atahoula-l,asalle B ank to finance sew er im provem ents in the am ount of $87,8,18,dated July 31, 1995,payable in m onthly installm ents of $1,715.16, com m encing on Septem ber 10, 1995, and ending on Septem ber 10, 2000, w ith an adjustable rate of interest. The interest rate at June 30,2000,w as 6.34% per annum. 3,693 N ote to F irst N ational B ank of C om m erce to finance the purchase of three new utility trucks in the am ount of $49,019, dated February 12, 1997, payable in m onthly installm ents of $1,185.23, com m encing on M arch 12, 1991, and ending on February 12, 2001,w ith an interest rate of 7.50% per anm lm. Total _ 9, ,979

24 20 T O W N O F JO N E SV IL L E,L O U ISIA N A N O T E S T O F IN A N C IA L ST A T E M E N T S J U N E 30, 2000 N O T E 7 - C H A N G E S IN L O N G -T E R M IIE B T T he annualrequirem ents to am ortize all outstanding debt as ofjune 30,2000,including interest paym ents of $8,806,are as follow s: Fiscal )'ear ending June 30 _ G eneral O bligation C e~tificate of ]ndebt~docs~_ N otes ~ p a~ 'a ble_ C apital.leases U tility F un. d N otes _ p ayable T otal 2O0 1 $ , $ 8,489 8,,t ,294 $ 14,627 $ ,206 5.,660 ~: 86,217 $ 22,63~; ~!3~294 $ 14,627 $ 136,776 R etirem ent of general obligation debt is to be m ade by annual transfers of G eneral Fund revenue in the am ounts necessary to retire principal and interest currently due. N O T E 8 - SE G M E N T IN F O R M A T IO N F O R E N T E R P R ISE F U N D T he E nterprise F und operated by the T ow n provides electric, gas, w ater and sew er utility services. T he follow ing is a sum m ary of disclosures required by the N ational C ouncil on G overnm ental A ccounting in Interpretation 2 Segm ent Inform ation for E nterprise Funds. June E lectric W ater G as Sew er utilit:l. u _ tilit~ k _ utility_ service T otal O perating revenue Purchase of utility O perating expenses D epreciation O ther operatin g re v e n u e O perating incom e (loss) O perating transfers out N et loss $2,316,230 (1,401,447) (178,998) (25,310) $ 193,054 $ (102 (34 331) 402) 472,668 $ 119,260 $ 3,101, ,699) (1,664,146) (85,415) (103,624) (470,368) (8,162) (33,828) (101,702) _ j 338 3, _ 21,490 ~_ 72_6,526 ~_ 57~_659 ~ 119,667. ~;~ 1~ 3~ L6) $ 886,486. (910~189) $ (23,793)

25 2 1 T O W N O F JO N E SV IL L E,L O U ISIA N A N O T E S T O F IN A N C IA L ST A T E M E N T S JU N E 30,2000 N O T E 9 - A C C R U E ]) V A C A T IO N PA Y The liability for com pensated absences has not been accrued because the am ount is considered to be im m aterial. N O T E 10 - P E N SIO N P LA N A ll full-tim e police and fire departm ent em ployees are required to participate in their respective retirem ent system s. T he Tow n currently has no full-tim e fire departm ent em ployees. A ll em ployees of the Tow n participate in the Social Security System. Pertinent inform ation relstive to the Police R etirem ent System is as follow s: M unicipal Police E m ployees R etirem ent System of Louisiana (System ) Plan D escriptioll. A ll full-tim e police departm ent em ployees engaged in law enforcem ent are required to participate in the System. E m ployees w ho retire at or after age 50 w ith at least 20 years of creditable service or at or after 55 w ith at least 12 years of creditable service are entitled to a retirem ent benefit, payable m onthly for life, equal to 3 113% of their final-aversge salary for each year of creditable service. Final-average salary is the em ployee's average salary over the 36 consecutive or joined m onths that produce the highest average E m ployees w ho term inate w ith at least the am ount of creditable service slated above, and do not w ithdraw their em ployee contributions, m ay retire at the ages specified above and receive the benefit accrued to their date of term ination. The System also provides death and disability benefits. Benefits are established or am ended by state The System issues an annual publicly available financial report that includes financial statem ents and required suppiem erttary inform ation for the System. That report m ay he obtained by w riting to the M unicipal Police E m ployees Retirem ent System of Louisiana, 8401 U nited Plaza B oulevard, Baton Rouge,Louisiana ,or by calling (504) F unding P olicy. Plan m em bers are required by state statute to contribute 7.5% of their annu al covered salary, and the T ow n of donesvil]e, L ouisiana is required to contribute at an acluarially determ ined rate. T he current rate is 9.0% of annual covered payroll. The contribution requirem ents of plan m em bers and the T ow n of Jonesville, Louisiana are established arid m ay be am ended by state statute. A s provided by R. S. 11:103, the em ployer conlributions are determ ined by actuarial valuation and are subject to change each year based on the results of the valuation for the prior fiscal year. The Tow n of Oonesville, Louisiana contributions to the System for the years ending June 30, 2000, 1999 and 1998 w ere $6,678, $5,275 and $5,360,respectively,equal to the required contributions for each year.

26 22 T O W N O F JO N E SV IL I,E,L O U ISIA N A N O T E S T O F IN A N C IA L ST A T E M E N T S J U N E 30, 2000 N O T E 11 - C O M P E N SA T IO N O F G O V E R N IN G B O A R D The G overning B oard of the Tow n of Jonesvilie. Louisiana consists of a M ayor and five C ouncil M em bers. For the fiscal year ended June 30, 2000, the follow in g com pensations w ere paid: W.F."B illy" E dw ards,m ayor G ary O dorn,a lderm an Stephen R.M ophctt,a lderm an Terry R uss,a lderm an Josie B ullitts,a lderw om an Loria H ollins,a lderw om an Total

27 F IN A N C IA L STA T E M E N T S O F IN D IV ID U A L F U N D S A N D A C C O U N T G R O U P S

28 23 G E N E R A L F U N D To account for resources traditionally associated w ith governm ents,w hich are not required to be accounted for in another fund.

29 24 T O W N O F JO N E SV IL L E,L O U ISIA N A G E N E R A L F U N D C O M PA R A T IV E B A L A N C E SH E E T JU N E 30,2000 A N D 1999 A SSE TS C urrent assets (',ash Tem porary invcslm ents (atcost) Receivables (net.ofallow ance for uncoltectibles) Court fines Franchise tax O ther D ue from other ~ nds D ue froin otb(!r ~ov(~rnlneilts Total current assets $ 95,345 $ , ~265 ~. 22G , R estricted assets B uilding savings Totalrestricted assets T otal assets $ 18,7 27 ~_ 18, ~772 $ 238,332 L iabilities A ccounts payable A ccrued liabilities O ther liabilities T otal liabilitie~;: L IA B II.,1T IE S A N D FU N D B A LA N C E F und balance Reserved U nreserved T otal fund balance $ ] $ T otal liabilities and fund balance ~ : 226,772 $ 238,332 T he ac(:om panying notes are an integral part of this financial statem ent

30 25 T O W N O F JO N E SV IL L E,L O U IS IA N A G E N E R A L F U N D STA T E M E N T O F R E V E N U E S,E X P E N D IT U R E S A N D C H A N G E S IN F U N D B A L A N C E Y E A R E N D E D JU N E 30, 2000 W IT H C O M PA R A T IV E A M O U N T S F O R Y E A R E N D E D JU N E 30, 1999 R evenues "['axes A d valorem,including penalties and interest Franchise T otal taxes $ 69,740 _ % j 7_9 $ 67,144 _. 7 _ ~ 073 ~.~ 217 Licenses and perm its O ccupational licenses O ther perm its Totallicenses and perm its $ 104, L 104,j~ fi $ 106,235 L 9~ 5_ ~; 107,260 lntergovern m ental revenue Beer taxes T obacco taxes V ideo D raw Poker taxes S anitation sales taxes State fire insurance prem ium s }lard surface road tax I,aw E nforcem en~ G rants T otal intergovernm ental revenue 5, ~ 224,34q Fines and forfeits L 4~ L39 $_ C harges for services G arbage collection fees Jail inm ate housing Totalcharges for services M iscellaneous B uilding rents Interest earned N ote proceeds O ther T otal m iscellaneous T otal revenues $ 60,489 L _ _ 12,646 4,267 _2 _ 8 _ 728 $ 60, , ,008 6,912 30,000 24,017 ~_ 39,937 - continued-

31 26 T O W N O F JO N E SV IL L E,L O U ISIA N A G E N E R A L F U N D S TA T E M E N T O F R E V E N U E S,E X P E N D IT U R E S A N D C H A N G E S IN F U N D B A L A N C E Y E A R E N D E D JU N E 30,2000 W IT H C O M PA R A T IV E A M O U N T S F O R Y E A R E N D E D JU N E 30, 1999 E xpenditures C urrent G eneral governm ent P ublic safety Police Fire H ighw ays and streets Sanitation Industrial A irport A ctivity and rentals R ecreation T otal expei~diturcs E xcess of revel:lues (expenditures) O ther financing sources (uses) O perating transfers from U tility Fund O perating transfers to l)ebt Service F und E xcess ofrevenue and other sources (expenditures and other uses) Fund balance,begil:lning Fund balance - ending ,503 $ , ~ ,965 33, , , , ~ 872 ~ 6_~8,359 $ (870,328) $ (980,910) 9 10,189 1,073,160 ~ 8693 (84,!5~7) (1,008) $ 8, ~ : :1 $ 169,099 T he accom p~lnying notes are an integral part of this financial statem ent

32 27 T O W N O F JO N E SV IL L E,L O U IS IA N A G E N E R A L F U N D ST A T E M E N T O F E X P E N D IT U R E S Y E A R E N D E D JU N E 30, 2000 W IT H C O M P A R A T IV E A M O U N T S F O R Y E A R E N D E D JU N E 30, 1999 G eneral governm ent Salaries Payroll taxes E m ployee benefits and insurance O ffice supplies C om puter expense A udit and accounting L egal and consultnnt fees R epairs and m aintenance G eneral insurance M iscellaneous U tilities and telephone T raveland m eetings C spital outlay - equipm ent T otal general govern m en t P ublic safety - police Salaries Payroll taxes P olice retirem ent E m ployee benefits:and insurance (lniform allow ance O ffice and other supplies Prisoners'm eals and jailsupplies ]nsuranee G as and oil U tilities and telephone R epairs and m aintenance M iscellaneous T ravel and m eetin gs C apitaloutlay -- equipm ent Totalpublic safety - police 2000 _ 1999 _ ~ _ A 25,5o_3 246,877 20, ,786 7,256 2,792 7,750 24,970 12,792 34,068 24,840 32, q~798 $ 5)~ )A 12,522 ~ 461,801 ~_ 5_~ 65 - continued-

33 28 T O W N O F 0O N E SV IL L E,L O U ISIA N A G E N E R A L F U N D S TA T E M E N T O F E X P E N D IT U R E S Y E A R E N D E D JU N E 30,2000 W IT It C O M P A R A T IV E A M O U N T S F O R Y E A R E N D E D JU N E 30, 1999 Public safety - fire Salaries P ayroll taxes Fire fighters'retirem ent E m ployee benefits and insurance U tilities and telephone Insuranee Supplies R epairs and m aintenance M iscellaneous - C apital outlay equ ip m en t T otal public safety - fire ltighw ays and streets Salaries l'ayroll taxes E m ployee benefits and insurance In surance ()as and oil Supplies R epairs and m aintenance U tilities and telel)hone M iscell.aneou~ C apital outlay -.equipm ent Total highw ays and streets ,743 $ ,0 _ ,055 $ 227,339 20,905 75,593 6,722 10,527 25,064 14,368 3, ~ 385 ~; 389,347 Sanitation Salaries Payroll taxes E m ployee benefita and insurance Insurance G as and oil Supplies R epairs and m aintenance M iscellaneous Total sanitation $ 20,870 1,958 11,146 2,700 3,279 6,262 14,10,1 527 ~ ~ 8 46_ ~ 44,820 4, ,190 7,512 7, _75,610 - continued-

34 T O W N O F JO N E SV IL L E,L O U ISIA N A G E N E R A L F U N D ST A T E M E N T O F E X P E N D IT U R E S Y E A R E N D E D d U N E 30, 2000 W IT H C O M PA R A T IV E A M O U N T S F O R Y E A R E N D E D J U N E 30, Indu strial R epairs and m aintcnance O ther C apital outlay - im provem ents T otal industrial $ 2, ~854.$ LsJ 43_ 372 ~; 372 $ 96 A ctivity and rentals SuppliEs Repairs and m aintonance O ther Total activity and rentals R ecreation Supplies R epairs and m aintenance In su rance U tilities and telephone M iscellaneous expense Total recreation $ $.7 ~h~61 5 1,361 $ 6, ,982 1, , ~_ 6~97h ~ 12,872. T otal expenditures The accom panying notes are an integralpart of this financialstatem ent

35 30 S P E C IA L R E V E N U E F U N D S L C D B G H ou sin g R eh abilitation F u nd - by a Federal G rant. Total grant am ount is To account for housing rehabilitation financed $476,500.

36 3 1 T O W N O F JO N E SV IL L E,L O U ISIA N A S P E C IA L R E V E N U E F U N D L C D B G H O U SIN G R E ItA B IL IT A T IO N F U N D STA T E M E N T O F R E V E N U E S,E X P F N D IT U R E S A N D C H A N G E S IN F U N D B A L A N C E Y E A R E N D E D JU N E 30,2000 C O M P A R A T IV E T O TA L S F O R Y E A R E N D E D JU N E 30, 1999 [leven,aes lntergovernm ental- I,C D B G _ 2 0 o o 1 _ 9 _9 9 Totalrevenues.~ _5 6~ 2'2! ~ 89,032 E xl)enditures A dm inistration R ehabilitation loans and grants T otal expenditnre ~ $ 1,000 $ _5 _ 5~221 80,097 ~L_. 5~ 22 ]_ ~.-80~097 Excess of revenues (expenditures) Fund balance,beginning F und balance,ending $ $ ~ $ (65) 65 T he accom panying notes are an integralpart of these financial statem ents

37 32 D E B T SE R V IC E F U N D S G en era l O blig a tion D ebt - T o accum ulate m onies for the paym ent of the G eneral O bligation l)ebt. Financing is to be provided from G eneralfund revenues.

38 33 T O W N O F JO N E SV IL L E,L O U ISIA N A D E B T SE R V IC E F U N D ST A T E M E N T O F R E V E N U E S,E X P E N D IT U R E S,A N D C H A N G E S IN F U N D B A L A N C E Y E A R E N D E D JU N E 30,2000 W IT H C O M P A R A T IV E A M O U N T S F O R Y E A R E N D E D JU N E 30, ~ even~es E xpenditures D ebt Service 32,185 $ 73,818 Interest and fiscal fees Totalexpenditures E xcess of expenditures _ ,319 L ~ 869.~ 84,137 (40,869) $ (84,137) O ther financing ~ources O perating transfers from G eneralf und Excess of revenues and ether sources (expenditures) 40~ ,13 _ 7 $ F und balance - beginning F und balance - ending T he accom panying notes are an integralpart of this financial statem ent

39 34 E N T E R P R ISE F U N D M ujticipczl U tilities Fu,~d - To account for the provision of electric, natural gas,w ater and sew er sel'vices to residents of the T ow n and som e residents of the Parish. A ll activities necessary to provide such services are accounted for in this fund including, but not lim ited to, adm inistrative, operations and m aintenance, financing and related debt service,and bi]lings and collections.

40 T O W N O F JO N E SV IL L E,L O U ISIA N A E N T E R P R ISE F U N D M U N IC IP A L U T IL IT IE S SY ST E M C O M P A R A T IV E B A LA N C E S H E E T JU N E 30, 2000 A N D A SSET S C urrent assets C ash T em porary investm ents at cost A ccounts receivable,net of allow ance for uncollectible accounts ($0 in 2000;$0 in 1999) Total current assets ,364 $ 136, &6~ 7 5~ $.7~ 1 S 2 544,857 _$ 6~ 35 R estricted assets - cortsum er deposits (.',ash Tem porary investm ents at cost T otal restricled assets $ 61,596 90~ 542 ~ 152_~13 ~ $ 52,206 _ 90j 9~ 14 2,402 P lant and equipm ent,at cost,net of accum ulated depreciation ($3,120,781 in 2000;$3,019,079 in 1999) ~ _ ~ 6_4_~ 555 ~;~ 7_48,257 Total assets _ ~; 2, LIA BILITIES AN D FU N D EQ U ITY L iabilities Current liabilities;(payable from current assets) B ank overdrafts A ccounts payable A ccrued liabilities l)ue to G eneral F und C urrent portion of note payable Totalcurrent liabilities (payable from current assets) $ $ 13, , ,493 20, ,667 E ~ a Z8~ 4 oa ~ 37~ 927 C urrent liabilities (payable from restricted assets) C onsum er deposits T otal current liabilities L ong-term liabilities N ote payable Total liabilities F und equity C ontributed capital R etained earnings:- unreserved Totalfund equity L ]._43&~6._51 m _- k _b2 _~ i 95_5 $ 1,619, ~233 2~ ( _}0~ _2_0_ 141,642 _ ~ 520, o2 _ ~_ 533~ 47! $ 1,619, ~ 2,03L 623 T otal liabilities and fund equity $ _2~ $ ~ T he accom panying notes are an integral part of this financial statem ent

41 36 T O W N O F JO N E SV IL L E,L O U ISIA N A E N T E R P R ISE F U N D M U N IC IP A L U T IL IT IE S SY ST E M C O M P A R A T IV E ST A T E M E N T O F O P E R A T IN G R E V E N U E S A N D E X P E N SE S A L L D E PA R T M E N T S Y E A R S E N D E D JU N E 30,2000 A N D 1999 O perating revenues C harges for services O ther operating revenues Total operating revenues $ 3,101,212 21,,~90 $ 3,069,878 1~5 306 ~L 3~122~702 ~ 3~0~ L84 O perating expenses Personal services P urchase of utilities provided M aterials and supplies R epairs and m aintenance l)epreciation U tilities and telephone B ad debts O ther operating expense $ i 260,948 1,522, ,030 34, , , T otal operatin g expenses O perating incom e ~ 2-236,216 ~; 2~1 ~ 4.j5 $ ~ 886~A86 ~ T he accom panying notes are an integralpart of this financial statem ent

42 37 T O W N O F JO N E SV IL L E,L O U ISIA N A E N T E R P R ISE F U N D M U N IC IPA L U T IL IT IE S SY ST E M C O M PA R A T IV E STA T E M E N T O F O P E R A T IN G R E V E N U E S A N D E X P E N S E S E L E C T R IC D E P A R T M E N T Y E A R S E N D E D JU N E 30,2000 A N D 1999 O perating revenues C harges for services E lectricity sales and fees O ther operaiing revenues Total operating revenues $ 2,316,230 $ 2,315, _ 5 2~ 33 _2 ~28A ~ 2,,327~ 47.~5 O perating expenses Personal services Purchase of e]eetricity M aterials and supplies Repairs and m ainlenance D epreciation U tilities and telephone t~ad debts O ther operating expenses T otal operating expenses O perating incolne 117,528 1,294,769 33,059 17,662 24,957 8, !2,67_7_ ~ 302 L _L 6~ 755 ~ 723 $ 726~526 $:: 790,752 The accom panying notes are an integral part of this financialstatem ent

43 38 T O W N O F JO N E SV IL L E,L O U IS IA N A E N T E R P R ISE F U N D M U N IC IP A L U T IL IT IE S SY S T E M CO M PA RATIVE STATEM E N T O F O PERATIN G R EVE N U ES A N D EX PEN SES W A T E R D E PA R T M E N T Y E A R S E N D E D JU N E 30,2000 A N D O perating revenues Charges for services W ater sales and fees O ther operating revenues Total operating revenues $ 193,054 $ 206,457 _ L ~2 8 L 03S $.~ ~_ 207~ 495 O perating expense~ Personal services M aterials and supplies R epairs and m aintenance D epreciation U tilities and telephone B ad debts O ther operating expenses 29,769 $ 20,189 7,103 34, ,796 18,556 3,173 36,889 36, _ ,399 T otal operating expenses O perating inem oe 57,fi59 $ 45,636 T he accom panying notes are an integral part of this financial statem ent

44 39 T O W N O F JO N E SV IL L E,L O U ISIA N A E N T E R P R ISE F U N D M U N IC IPA L U T IL IT IE S SY S T E M C O M PA R A T IV E ST A T E M E N T O F O P E R A T IN G R E V E N U E S A N D E X P E N SE S N A T U R A L G A S D E P A R T M E N T Y E A R S E N D E D JU N E 30, 2000 A N D 1999 O perating revenues C harges for services N atural gas sales and fees O ther operating revenues Totaloperating revenues $ 472,668 $ 427, ~ ~ fl 75,9 J3 ~; 429~820 O perating expenses Personal services P urchase of natural gas M aterials arid supplies R epairs and m aintenance D epreciation U tilities and telephone B ad debts O ther operating expenses T otal operating expenses O perating incom e 40, ,364 8,14 1 5,540 7,534 2, ~ ~ _3 56~276 ~ 316,530 U ~ 66:7 $ :A T he accom panying notes are an integral part of this financial statem ent