CITY C O U R T O F TH IB O D A UX, L O U ISIA N A

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2 CITY C O U R T O F TH IB O D A UX, L O U ISIA N A FinancialR eport, InternalControland Com pliance R eport D ecem ber 31,1997 STAGNI& C OMPANY,LLC

3 CITY CO UR T O F TH IB OD A UX,LO UISIA N A FinancialReport,InternalControland Com pliance Reports Decem ber31,1997 IndependentA uditor'sreportl G eneralpurpose Finan cialstatem ents Com bined Balance Sheet-A llfund Types an d A ccountg roup Com bined Sta tem entof Revenues, Expendituresan d Changesin Fun d Balan ces-govern m enta lfun d Types A B N otesto the Finan cialstatem ents Com bining IndividualFun d an d A ccoun t G roup Statem ents: SpecialR evenue Funds: Com bining Balan ce Sheet Com bining Statem entof Revenues,Expendituresan d Chan gesin Fun d Balan ces C C-1

4 CITY CO UR T O F TH IB OD A UX,LO UISIA N A Decem ber31,1997 Statem ent Page N o. Com bining IndividualFund and A ccount Group Statements,(Continued) A gency Fun ds: Com bining Balan ce Sheet Statem entof Changesin A ssetsand Liabilities: Restitution Fund Bond Fund D -1 IN TERN AL CON TR OL AN D COM PLIA N CE SEC TION Reporton Com plian ce and on Intem alcontroloverfinan cialreporting Based on an A uditof G eneralpurpose Finan cialstatem entsperform ed in Accordan ce w ith Governm entauditing Standards

5 SE C TIO N STAGNI& C OMPANY,LLC

6 STAGNI& C OM PANY,L L C IN D E PEN D EN T A U D IT O R 'S RE PO R T To the H onorable D avid M.Richard,Judge City Courtof Thibodaux,Louisiana W e have audited the accom panying general-purpose financial statem ents and the com bining, individualfund and accountgroup finan cialstatem entsof the City Courtof Thibodaux,Louisiana, a com ponentunitof the C ity of Thibodaux,Louisiana,as of an d forthe year ended D ecem ber31, 1997 as listed in the financial section of th e table of contents. These general-purpose finan cial statem ents ar e the responsibility of the City Courtof Thibodaux,Louisian a's m anagem ent. O ur responsibility is to express an opinion on these general-purpose financialstatem ents based on our audit. W e conducted our auditin accordan ce w nh generally accepted audm ng qandar dsan d the stan dar ds applicable to finan cial audits contained m Governm ent Audm ng Standards, issued by the Com ptrollergeneralof th e United States. Those stan dar dsrequire thatwe plan an d perform the auditto obtain reasonable assur an ce aboutwhether th e finan cialstatem ents ar e free of m aterial m isstatem ent. An auditincludesexam ining,on a testbasis,evidence supporting the am ountsand disclosures in th e finan cialstatem ents. An auditalso includesas sessin g the accounting principles used an d significan testim ates m ade by m an agem ent,as w ellas e~al uaung th e overallfinan cial statem entpresentation. W e believe thatour auditprovidesa reas onable basisforour opinion. In our opinion,the general-purpose finan cial statem ents referred to above present fairly, in all m aterialrespects,thefinan cialposition of the City Courtof Thibodaux,Louisian a asof Decem ber 31,1997,an d the results of its operations for the year then ended,in conform ity w ith generally accepted accoun ting principles 720 CANALBOULEVARD THIBODAUX,LA PHONE(504) FAX(504) RIDGELAKEDR,,#112 M ETAIRIE,LA PHONE(504) FAX (504) JAMESBLVD., SUITE210 Sr ROSE,LA PHONE(504) FAX(504) M EMBERS:AICPA " LCPA stagnl@stagni.com INTERNET:

7 To the Honorable David M.Richard,Judge City Courtof Thibodaux,Louisiana Page 2 In accordance w ith Governm ent Auditing Standards', w e have also issued our report dated Jan uary 27, 1998 on our consideration of the C ity Court of Thibodaux's internal controlover financialreporting an d our tests of its com pliance w ith certain provisions of law s,regulations, contractsand grants. S tagni& Company,LL C Thibodaux,Louisian a Jan uary 27,1998 STAGNI& C OMPANY,LLC

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9 CITY CO URT O F THIBO DA UX,LO UISIA NA COM BINED STATEM ENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNM ENTAL FUND TYPES As ofand forthe yearended December31, 1997 Statem ent Gene~ l Fund Special Revenue Funds Total (Memorandum Only) REVENUES Cha~ es ~ rse~ lces Coud ~ es,fines and costs Inte~ stearned $ 38, $ 12, $ 50, Totalrevenues EXPENDITURES Current Generalgovernm ent-judicial Personnel Supphes Dues Meetings and conventions Fees Otherservices and charges Totalexpenditures , ,384 4, , Excess(Deficiency)ofRevenues OverExpenditures.CE ~_(USES~ O perating transfers in {out (9,275) 12,279 3, EXCESS (DEFICIENCY)OF REVENUES AND OTHER FINANCING SO URCES OVER EXPENDITURES AND OTHER FINANCING USES FUND BALANCE Beginning ofyear End ofyear 6,725 (3, $ 28,503 $ 43,822 $ 72,325 See notes to financialstatements

10 City Courtof Thibodaux,Louisiana N otesto the FinancialStatem ents N O TE 1- SUM M A R Y O F SIGN IFICAN T A CCO UN TIN G POLICIES The C ity Court of Thibodaux, Louisiana w as created in 1953 under G eneral Legislative authority provided by A rticle 7, Section 51, of the Louisiana Constitution of In I'~C,0,Louisiana Revised Statutes 13:1951 w as passed recognizing and continuing the existence of city courts created and established pursuant to this authority. The City Court of Thibodan x, Louisiana serves the people of the City of Thibodaux,Louisiana and allof W ard 2 of the Parish of Lafourche,Louisian a. The com ponentunitfinan cialstatem entsof the City Courtof Thibodaux,Louisiana has been prepared in conform ity with Generally Accepted Accounting Principles (GAAP) as applied to governm ental units. The Governmental Accounting Stan dards Board (GASB) is the accepted standard-setting body for establishing govern m entalaccounting an d financialreporting principles. The m ore significant accounting policiesof the City Courtof Thibodaux,Louisiana are described below : A. R eporting Entity City Court of Thibodaux,Louisian a isa com ponentunitof the City ofthibodaux, Louisianaasdefined by GASB 14. City CourtofThibodaux,Louisiana's judges an d m arshals ar e independently elected officials. City Court of Thibodaux, Louisian a isfiscally dependenton the City of Thibodan x,louisiana foroffice space an d courtroom s. The substan ce of the relationship betw een City Court of Thibodaux, Louisiana and the C ity of Thibodaux,Louisiana is that the City of Thibodaux,Louisiana has approvalauthority overitscapitalbudget. B. Fund A ccounting The City Courtof Thibodaux,Louisian a usesfundsan d accountgroupsto reporton itsfinancialposition and the resultsof itsoperations. Fund accounting isdesigned to dem onstrate legalcom plian ce an d to aid finan cialm anagem entby segregating tran sactions related to certain governm entfunctions oractivities.

11 City Courtof Thibodaux,Louisiana Notesto the FinancialStatem ents,(continued) N O TE 1 - SUM M A R Y OF SIGN IFICA N T A CCO UN TIN G POLICIES, (Continued) B.Fund Accounting,(Continued) Fundsare classified into three categories: govern m ental,proprietary,and fiduciary Each category, in tuna, i~ divided into separate "fund types". City Court o Thibodaux,Louisiana use~uo~em m entaland fiduciary funds in itsoperations. G overnm entalfunds are used to accountforallorm ostof a goverm nent's general activities,including the collection and disbursementofearmarked monies(special revenue funds).thegeneralfund isused to accountforallactivitiesofthegeneral gm ernm entnotaccounted forin som e otherfund. Fiduciary fu ndsare used to accoun tforassetson behalf of outside parties,including other governm ents,or on behalf of other fu nds w ithin the governm ent. Agency fu ndsgenerally are used to accountforassetsthatthe governm entholdson behalf of others as theiragent. A ccountgroupsare used to establish accounting controland accountability forthe City Court of Thibodaux, Louisiana's general fixed assets and the unm atured principalof itsgenerallong term debt. The generalfixed assets ar e notfinancialresources available forexpenditure. The unm atured principalof the generallong term debtdoesnotrequire an appropriation orexpenditure during the currentaccounting period. These accountgroupsar e notfu nds and do notreflectavailable financialresources and related liabilities.

12 City Courtof Thibodaux,Louisiana Notesto thefinancialstatem ents,(continued) N O TE 1 - SUM M A R Y OF SIGN IFICA N T A CCO UN TIN G C.Basisof A ccounting The accounting and financialreporting treatm entapplied to a fund isdetem lm ed by its m easurem entfocus. A llgovernm entalfunds are accounted for using a current financialresource m easurem entfocus. W ith this m easurem entfocus,only current assetsand currentliabilitiesgenerally are included on the balance sheet. Operating btatements ofthese funds present increases (i.e.,revenues and other finan cing bources)and decreases(i.e.,expendituresan d otherfinan cing uses)in net currentassets. The m odified accrualbasis of accounting is used by allgovernm entalfund types an d agency funds. Underthe m odifed accrualbasis of accounting,revenues are recognized when susceptible to accrual(i.e.,when they become both measurable and available), "M easurable" means the amount of the tran saction can be determ ined an d "available" m eans collectible w ithin the curent period or soon enough thereafterto be used to pay liabilitiesof the curentperiod. Courtfees,fines,an d otherrevenuesare recorded w hen collected. Expendituresare recorded w hen the fund liability isincured. D. Budgets C ity courts ar e notrequired understate statutes to adopta budget. The City Court of Thibodaux,Louisian a haselected notto prepare an annualbudget. Encum bran ces representcom m itm ents related to unperform ed contracts for goods orservices.the City Courtof Thibodaux doesnotuse an encum brance system. E. C ash and Cash Equivalents Cash includesam ountsin dem and depositsaswellasshort-term investm entsw ith a m aturity date w ithin a yearof the date acquired.

13 City Courtof Thibodaux,Louisiana Notesto thefinancialstatem ents,(continued) N O TE 1 - SUM M A R Y OF SIGN IF1CA N TA C CO UN TIN G P OLICIES, (Continued) F. Short-T erm lnterfund R eceivables/payables During the course of operationstransactionsoccur betw een individualfunds. These receivablesan d payablesare classified as "due to ordue from otherfunds"on the balance sheet. G. Fixed A ssets Fixed assetsused in governmentalfund type operations(generalf/xed assets),are capitalized an d accounted for in the G eneralfixed A ssets AccountG roup, rather than in the governm entalfunds.capitalacquisitionsar e reflected asexpendituresin the governm entalfu nds. A llpurchased fixed assetsare valued atacquisition cost. N o depreciation has been provided on generalfixed assets. The costof nom lal repairan d m aintenan ce thatdo notadd to the value of th e assetordo notextend assetlivesare notcapitalized. V ariousassetsused by the City Courtof Thibodaux, Louisiana ar e the property of th e City of Thibodaux,Louisian a and are reflected in the G eneralfixed A ssetsa ccountgroup of the City of Thibodaux, Louisian a. N o valuesof these assetsare reflected in the GeneralFixed A ssetaccountg roup of the City Courtof Thibodan x,louisian a. H. C om pensated A bsences Individualswho w ork atthe City Courtof Thibodaux,Louisiana office are prim arily em ployed by the City of Thibodaux,Louisiana. No liability for com pensated absences is reflected on the City Court of Thibodaux, Louisiana's financial statem ents.v acation and sick leave do notaccum ulate.

14 City Courtof Thibodaux,Louisiana Notesto thefinancialstatements,(continued) N O TE 1 - SUM M A R Y OF SIGN 1FICAN TA CCO UN TIN G POLICIES (Continued) I.TotalColum nson Com bined Statem ents-o verview The totalcolum nson the com bined statem ents are captioned "M em orandum O nly" to indicate thatthey ar e presented only to facilita te financialanalysis. D ata in these colum nsdo notpresentfinan cialposition orresultsof operationsin conform ity w ith generally accepted accounting principles. N either is such data com par able to a consolidation. Interfund elim inationshave notbeen m ade in the aggregation of this data. A t year end,the carrying am ount of th e City Court of Thibodaux,Louisiana's depositswas$229,507 and the bank balance was$230,466.understate law,these deposits(orresulting bank balances)mustbesecured by federal depositinsurance orthe pledge of secur itiesowned by the fiscalagentbank. The m ar ketvalue of the pledged securities plus th e federaldeposit insur an ce m ust at alltim es equalthe am oun ton th e depositw ith th e fiscalagent.these secur itiesare held in the nam e of th e pledgin g fiscal agent bank in a holding or custodial bank that is m utually acceptable to both parties. The depositsof City Courtof Thibodaux,Louisiana are secured from risk by $157,583 of federaldeposit insur an ce an d the balan ce by pledged securitiesatm arketvalue of $ 271,237. Even though the pledged securitiesare considered uncollateralized (Category 3) un der the provisions of G A SB Statem ent 3,Louisian a Revised Statute 39:1229 im poses a statutory requirem ent on th e custodial bank to advertise an d sell the pledged securitiesw ithin 10 daysof being notified by th e City Courtof Thibodaux, Louisian a thatthe fiscalagenthas failed to pay deposited fundsupon dem an d.

15 City Courtof Thibodaux,Louisiana Notesto thefinancialstatements,(continued) A sum m ary of changesin generalfixed assetsfollow s Balance Additions/ Balance 12131/96 (Retirements) 12/31/97 Furniture,Fixtures, and Equipm ent $50,823 $0 $50,823 Investm ents in G eneral Fixed A ssets: General Fund $48,921 $48,921 M arshal 'sfund 1,681 1,681 CivilCourtFund Totals [ $50,823 $0 $50,823 N O TE 4 - LITIGA TION AN D CLAIM S There is no litigation pending against C ity Court of Th ibodaux, Louisian a at D ecem ber31,1997. N O TE 5 - EM PLO YEE RE TIRE M EN T SYSTEM S Allindividuals who work atcity Courtof Th ibodaux,louisiana are paid by the City of Thibodaux,Louisiana and are consequently m em bers of the M unicipal Em ployees Retirem entsystem. G A SB requires certain disclosures for em ployers w ho m aintain retirem entplan sfortheirem ployees. A llindividualsem ployed atthe City Court of Thibodaux,Louisiana ar e com pensated by oth ers w ho disclose the required retirem entplan inform ation in theirseparately issued financialstatem ents. Th e retirem entplan m entioned above is adm inistered an d controlled by a separ ate board of trustees.

16 City Courtof Thibodaux,Louisiana Notesto thefinancialstatements,(continued) N O TE 6- tda UX. LO UISIANA N O T IN CL UD ED IN TH E FINAN CIA L STA TEM EN TS The accom panying financialstatem ents do notinclude certain expenditures of the City Courtof Thibodaux,Louisiana paid outof funds of the City of Thibodaux, Louisian a. A portion of the salary of the ofi ce staf,utilities,operating supplies, building expensesan d certain otherm iscellaneousexpensesare paid by the City of Thibodaux,Louisian a.

17 SPE CIA L RE VEN UE F UN D S C IV IL C O U R T FU N D - The C ivil C ourt Fund is used to account for financial resources and expenditures resulting from civil court operations. M A R SH A L'S FU N D - The M arshal's Fund is used to account for financial resourcesand expendituresresulting from operationsof the M arshal'soffice.

18 C ITY C O U RT O F TH IB O DA UX,LO U ISIA NA Statem entc CO M BINING BALA NCE SHEET SPECIAL REVENUE FUNDS Decem ber C ivil Court Fund M arshal's Fund Totals ASSETS Cash and cash equivalents Due from G eneralfund $ $ 21, $176, TotalAssets $ $ 22,305 $177,484 Liabilities' Accounts Payable and accrued expenses Fees Payable Bonds and otherdeposits $ 1,380 20, ,280 $ 1,380 20, ,280 Totalliabilities Fund balances: Unreserved -undesignated $ Totalliab~hties and fund balances $155,179 $ $177,484 See notes to financialstatem ents

19 C ITY C O U RT O F TH IBO DA UX,LO U ISIA NA StatementC-1 CO M BINING STATEM ENT O F REVENUES, EXPENDITURES AND C HANG ES ln FUND BALANCE SPEClAL REVENUE FUNDS As ofand forthe yearended Decem ber31, 1997 Civil Court Fund M arshal's Fund Totals REVENUES C harges forservices: Courtfees,fines and costs Interestearned 397 2,780 $ 11,981 $ 12, Totalrevenues Generalgovernment-judicia Personnelservices Supplies Dues M eetings and conventions Fees , Totalexpenditures Excess(Deficiency)ofRevenues OverExpenditures 1,203 11,076 12, 279 Operating transfersin(out) (16,000) (16, 000) EXCESS (DEFICIENCY)OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 1, 203 (4,924) (3,721) FUND BALANC E Beginning ofyear 20,314 27, End ofyear $ 21,517 $ 22,305 $ 43,822 See notes to financialstatem ents

20 Agency fundsarecustodialin nature (assetsequalliabilities)and do not involve m easurem entof resultsof operations. RE STITU TIO N FUN D - The Restitution Fund is used to account for those assets placed w ith the City Court of Yhibodaux, Louisiana, asan agentforindividuals,etcetera and are ultim ately transm itted to them. BO N D FU N D - The Bond Fund is used to account for those assets placed w ith the City Courtof Thibodaux, Louisiana as agentby or on behalf of individuals etcetera. Such assets are held untilsuch tim e as theirproper distribution has been determ ined (i.e.,returned to payororforfeited).

21 C ITY C O U RT O F TH IBO DA UX,LO U IS IA NA CO M BINING BALANCE SHEET AG ENCY FUNDS Decem ber Restitution Fund Bond Fund Total Cash and cash equivalents $ 179 $ 12,169 $ 12,348 Totalassets $ 179 $ $ 12,348 LIABILITIES Bonds payable Restitution payable $ 179 $ 12,169 $ 12, Totalliabilities $ 179 $ $ 12,348 See notes to financialstatem ents 14

22 C ITY C O U RT O F TH IB O DA UX,LO U IS IA NA Statem entd-1 STATEM ENT O F CHANG ES IN ASSETS AND LIABILITIES Decem ber31,1997 RESTITUTIO N FUND Batance 12/31/96 Additions Deletions Balance 12/31/97 ASSETS Cash $542 $9,065 $9 428 $179 LIABILITIES Restitution Payable $542 $8,601 $9.322 $179 BO ND FUND Balance 12/31/96 Additions Deductions Balance 12/31/97 A~SETS Cash $13,044 $12,219 $13,094 $12,169 LIABILITIES Bonds payable $13,044 $14,021 $14,896 $12,169

23 A N D STAGN1& C OMPANY,LLC

24 C OM PANY,L L C PO RT O N CO M PLIA N C E A N D O N IN TERN A L C O N TRO L O V ER FIN A N CIA L REPO RTIN G BA SED O N A N A U D IT O F G EN ERA L PU RPO SE FIN A N C IA L STATEM EN TS PERFORM ED IN A CCORD AN CE W ITH G O VERNM EN T A UD ITIN G STANDA RD S H onorable D avid M.Richard,Judge City Courtof Thibodaux,Louisiana W e have audited the generalpurpose financialstatem entsand the com bining,individualfund and accountgroup finan ckd statem entsof the City Courtof Thibodan x,louisiana a com ponentunitof the City of Ttnbodau\ Lom siana asof and forthe yearended Decem ber31,1997,an d have issued ourreportth ereon dated January 27,1998.W e conducted ourauditin accordance w ith generally accepted auditing standards and the standards applicable to financial audits contained in G overnm enta uditing Standards,issued by the C om ptrollerg eneralof the U nited States. C om pliance A s partof obtaining reasonable assurance aboutw hetherthe City Courtof Thibodaux's general purp ose financial statem ents are free of m aterial m isstatem ent, w e perform ed tests of its com pliance w ith certain provisions of law s,regulations,contracts and grants,noncom pliance w ith w hich could have a directand m aterialeffecton the determ ination of finan cialstatem ent am ounts. H ow ever, providing an opinion on com pliance w ith those provisions w as not an objectiveofourauditand,accordingly,wedo notexpresssuch an opinion. Theresultsofour testsdisclosed no instan cesof noncom pliance thatare required to be reported underg overnm ent A uditing Standards. InternalC ontrolo ver FinancialR eporting In planning and perform ing our audit,w e considered the City Court of Thibodaux's internal controloverfinan cialreporting in orderto determ ine ourauditing procedures forthe purp ose of expressing ouropinion on the financialstatem ents and notto provide assurance on the internal controloverfinancialreporting.o urconsideration of the internalcontroloverfinancialreporting w ould not necessarily disclose all m atters in the internal control over financial reporting that m ight be m aterial w eaknesses. A m aterial w eakness is a condition in w hich the design or operation of one orm ore of the internalcontrolcom ponentsdoesnotreduce to a relatively low levelthe risk thatm isstatem ents in am ounts thatw ould be m aterialin relation to the finan cial statem entsbeing audited m ay occurand notbe detected w ithin a tim ely period by em ployeesin 720 CANALBOULEVARD THIBODAUX,LA PHONE(604) FAX(504) RIDGELAKEOR.,#112 M ETAIRIE,L~ PHONE(504) FAX(504) Vll J AMESBLVD.,SUITE210 ST.ROSE,LA PHONE(504} FAX(504)46zb1473 M EMBERSZAICPA " LCPA stagni@stagm.com INTERNET:

25 the norm alcourse of perform ing theirassigned functions. W e noted no m atters involving the internal control over financial reporting an d its operation that w e consider to be m aterial w eaknesses. This reportis intended forthe inform ation of m anagem ent. H ow ever,this report isa m aterof public record an d itsdistribution isnotlim ited. S tagni& Company,L L C Thibodaux,Louisiana Jan ualf 27,

26 DATA CO LLECTIO N FO RM LEGISLATIVE AUDITOR BATON ROUGE LA FOR REPORTING ON AUDITS OF STATE AND LOCAL GOVERNM ENT AND QUASIPUBU C ENTITIES OMB Folm may be used as a subst=tute fo{thin RETURN to Leglslate.~ Audit~ form Ailn Engage lentprocessing DateSubm~ed jal//t~'/7~0 Fisca(YearEnding Date Fo~This Subm ission Pc~tOficeBox94397 (3alc~ Rouge,Louisiana Type ofre-pod [] SingleAudd ~ GAO AuditStandardsAudit 3 AuditPened Covered [] Com pdation [] Com p=lat iorl/a testat =on Annual [] Blerlr318[ [] Program Audit E] Ot her [] Other to 4 AL 5 A Aud ~ Naame 61V~ C~ r of T~tBoO(k~Y~ LA StreetAddr~ s(numberand Street) a e 5 n~e,j ~ ~ c~m p,~,oj b Slre*~Address(Numberand Stree~ Maa,ng Addres s (PC)No ) -7-/-H ~50D rg ddre A~ O No C~ Cdy " State Zip C~y " ~;tate Zip A,;'d~eeCon,tact ~ Audrto~Contact ~ /'T- Nam e Title Nam e Tdle Telephon e Fax Telephone " "Fax Emal(Opbon al) Emal(Optionab ~t-,~ '~ S+~ fli~ Compone~t /UA?flsIncludedWrlh,ntheReportandforWhichNoS~pareleRepodWilBeIssued", 1 t-h~ -a~-~ d,ficsh~ stothe auditor'sfinancialopine,noreportable conditions,no materialweaknesses,norero~ instance~ ~ noncomphance and no managementleter,checkth=sbox;do not complete the res tof the form 6 EI~ CLAL STATEM ENTS a.type ofauditrepod on finanoalstatements. [] Not Apphcable [] Unqualrf~d Opinion [] Qualifs~lOpinion [] Advarse Op=nion [] Discla~rnerofOpinion b Is a 'going concecn'e)q:)lanato~y paragraph included in the audit report? [] Yes E] NO c Do any ofth~ funds ha',~ daticitfund pa lanc.es":~ [] Yes [] NO d Is tne~e a relaie~3parly fog(note? [] Yes [] No 7 internal CONTROL Dothecom n~:-.ntson~ntem alcontroi lnciude. [] matenalweakrlesses [] repoctable~ ltlons [3 no{ap pl;cable 8 COMPLIANCE Do the comments on com phance Include [] ile~lalacts [] fraud/criminalacts [] nolappl,c-able 9 MANAGEMENT LETTER (Finding Cap t+on and No ) Resolved [] Yes [] NO [] NoLonger.t~ pl,c~ble Re~olved 13 Yes Re~oived 0 Yes./~ [] NO [] No Lo~jerApphca~le L1 NO [] NO Lot~oerApl~lc~ble 10 SCHEDULE OF CURRENT YEAR FINDINGS/QUESTIONED COSTS (F,odtng Caphonand NO ) $ ResolvE~l ~ Yes [] NO E] NoLo~gerApplcable $._ Resolved [] Yes ~ No E] NoLon gerapphcable $._ Resolved [] Yes [] No [] No LongerApphcable $._ Res olved [] Yes [] No [] No LongerApplicable $._ Re~olved [] Yes [] NO [] NoLolgerApplCable $ Received [] Yes [] NO D No Lon qeraddlicable Do any findings address nep~ rsm, ethics ~oledion sorrelated party transactjon s? [] Yes 0 No Do any findlngs address vloiation of bond ~ndenlure coveoants? [] Yes [] NO 11 SCHEDULE OF PRIOR YEAR FINDINGS/QUESTIONED COSTS (FJnding Caption and No ) Reselved [] Yes [] NO [] No LongerApplicable Resolved D Yes D NO [] No LongerApplicable Resolved [] Yes [] NO [] No LongerApplicable Resolved [] Yes [] No [] No LongerApphcable Resolved [] Yes [] No [] No LonoerADDhcable LOUISIANA GOVERNM ENT AUDIT G UIDE

27 FO R U S E BY LEG IS LA TIV E A U D ITO R Date ReportReceived Legislative AuditAdvisory Council D~stnctA torn ey Board ofethics State Bond Com mission (SBC) High Profile Date Processed Ar e there unresolved findings listed betow0 Are there flndtngs ofcnm mel acts? Are there hndlngs ofethics, nepotism,orr~ et ed partle~? Ar e there any findings relat ing to violat ion s ofbond ~r~eriture~'~ Does the repo(texpress go(ng-concecn reservabons'~ Does the entrty have a deficit greaterthan 5% Ofrevanue'~ Ifso, Jdentrfy the page(s)no(s) Ar e ther e any sgnlfm.antfindings? Yes orno Yes orno Yes orno Yes orno Yes orno Yes orno Yes ofno Date- Rank A B C D (A=No Comments;B=ManagementLeterCom mentsonly C=Controt/Com pliance Report(s)Com ments;d=cdminaffraud Acts Note Forgradleg purpose, scheclele~ of,mmatenel findings are treated as a managementleter REPO RT DISTRIBUTIO N LOUISIANA GOVERNM ENT AUDIT G UIDE

28 STAGNI& C OM PANY,L L C CITY CO U RT O F THIBO DA UX,LO UISIA NA Sum m ary Schedule of Findings and Q uestioned Costs Forthe YearEnded Decem ber31,1997 A. SU M M A RY O F A U D IT RESU LTS 1. The auditor's report expresses an unqualified opinion on the generalpurpose financial statem ents, and the com bining individual fund and account group financial statem ents of the City Court of Thibodaux, Louisiana,a com ponent unit of the C ity ofthibodaux,louisiana. 2. N o reportable conditions relating to the audit of the financialstatem ents are reported in the Report on C om pliance and Internal C ontrol over Financial Reporting Based on an A udit of Financial Statem ents in A ccordance w ith G overnm enta uditing S tandards. 3. No instances of noncom pliance m aterialto the financialstatem ents of the C ity Court of Thibodaux w ere disclosed during the audit. 4. There w as no m anagem ent letter issued in connection w ith the audit of the financialstatem ents. B There w ere no findings relating to the financialstatem ents that are required to be reported in accordance w ith G A G A S. 720 CANALBOULEVARD THIBODAUX,LA PHONE(504) FAX(504) RIDGELAKEDR.,#112 M ETAIRIE,L~ PHONE(504) FAX(504) JAMESBLVD.,SUITE23-0 ST.ROSE,LA PHONE(504) FAX (504) M EMBEP~ AICPA ~ LCPA ~tagh@stagm.com INTE~NET hhp //

29 C ITY C O U RT O F TH IB O DA UX,LO U IS IA NA Sum m ary Schedule ofprioryearfindings Forthe YearEnded Decem ber SECTIO N I- SECTIO N II- INTERNAL CO NTRO L AND CO M PLIANCE MATERIAL TO THE FINANCIAL STATEM ENTS NO NE INTERNAL CO NTRO L AND CO M PLIANCE M ATERIAL TO FEDERAL AW ARDS I NOTAPLICABLE ISECTION I- MANAGEMENT LETTER I

30 C ITY C O U RT O F TH IBO DA UX,LO U IS IA NA M anagem ent's Corrective Action Plan Forthe YearEnded Decem ber SECTIO N I- SECTIO N II- I INTERNAL CO NTRO L AND CO M PLIANCE MATERIAL TO THE FINANCIAL STATEM ENTS ONENECESARY INTERNAL CO NTRO L AND CO M PLIANCE M ATERIAL TO FEDERAL AW ARDS NOTAPPLICABLE I I