RECREATIONDISTRICT#2OFTHEPARISHOFCONCORDIA

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1 OFICIAL DONOTSLq~IDOUT FILECOFY LEGISLATIVEAUDITOR RECEIVED (Xeroxne~uesary 97BAR31AI19:23 COpieSfromthis ~'~oyardplace RECREATIONDISTRICT#2OFTHEPARISHOFCONCORDIA CONCORDIAPARISHPOLICEJURY Monterey,Louisiana ComponentUnitFinancialStatements andacountant'scompilationreports andfortheyearthenended December31,196 repo~tis~:,:~pb,',p.:cio(:'.?~ent,a ṃaerprovisionsofst;telaw,ih's C:"~.;"'0!;:',I';:;,L:];C,!,!:~,' Of~:':;~A:.":"':~i.:;~,~:;~:!~;:Aefor PL!~)~i:C.'.:_:r-,~cp,L\~r~tjdt~'- ROL!~L:(i,k:"'.~,-:,- If'#,.h.,rI}'~"':ti"I"'-'.' o[eic~c,1~l~.~,c,~ -"~'i"'i~hcgritofcourt.,.~d~,-~:~athe 1 JERISUETOSPON CertifiedPublicAcountont

2 RECREATIONDISTRICT#2OFTHEPARISHOFCONCORDIA TABLEOFCONTENTS December Page Afidavit 23 Acountant'sCompilationReport ComponentUnitFinancialStatements BalanceShet-AlFundTypesandAcountGroups StatementofRevenues,Expendituresand ChangesinFundBalance StatementofRevenues,ExpendituresandChangesin FundBalance-Budget(CashBasis)andActua 6 NotestoFinancialStatements 7-12

3 JERISUETOSPON Feriday,Louisiana CertifiedPublicAcountant P.O,Box45 (318) ACOUNTANT'SCOMPILATIONREPORT BOARDOFCOMISIONERS RECREATIONDISTRICT#2OFTHEPARISHOFCONCORDIA TheacompanyingbalanceshetoftheRecreationDistrict#2oftheParish ofconcordiafordecember31,196,andtherelatedstatementsofincome, changesinretainedearnings,andcashflowsfortheperiodthenendedhave bencompiledbyme,inacordancewithstandardsestablishedbythe AmericanInstituteofCertifiedPublicAcountants. Acompilationislimitedtopresentingintheformofinancialstatements, informationthatistherepresentationofmanagement.ihavenotauditedor reviewedtheacompanyingfinancialstatements,acordingly,donotexpres anopinionoranyotherformofasuranceonthem. March Member-AmericanInstituteofCertifiedPublicAcountants LouisianaSocietyofCertifiedPublicAcountants

4 RECREATIONDISTRICT#2OFTHEPARISHOFCONCORDIA (ALl_.FUNDTYPESANDACOUNTGROUPS) BALANCESHET DECEMBER31,196 Acount GovernmentalGeneral Group- Total ASETS GeneralFundAsets Fixed(Memorandum Only) Ca,~h(Note3) Certificatesofdeposit(Note3) $3,051 Receivables: $3, Advaloremtaxes Staterevenuesharing 19,054 Acruedinterest 1,24 19,054 Buildingsandequipment(Note4) 640 1,24 TotalAsets $130, , $130,801$180,823 LIABILITIESANDFUNDEQUITY Liabilities-acountspayable Fundequity- $37 $37 Investmentingeneralfixedasets F-undbalance,unreservedand $130,801$130,801 undesignated TotalFundEquity $49,645 $130,801 $180,46 49,645 TotalLiabilitiesandFundEquity$50,02 Seacompanyingnotesandacountant'scompilationreport (4)

5 RECREATIONDISTRICT#2OF'-THEPARISHOFCONCORDIA STATEMENTOFREVENUE,EXPENDITURESAND (GOVERNMENTALFUND-GENERALFUND) CHANGESINFUNDBALANCE ONEYEARENDEDECEMBER REVENUES Advalorerntaxes Staterevenuesharing $21,48 Interestearnings 1,23 Concesions,fesandservices 7,672 1,605 Totalrevenue EXPENDITURES $31,98 Recreationservices Personalservicesandrelatedbenefits Operatingservices $16,35 Materialsandsuplies 8,490 Insurance 5,524 2,706 Totalexpenditures $3,075 EXCES(DEFICIT)OFREVENUESOVEREXPENDITURES ($1,087) FUNDBALANCF,JANUARY1 50,732 FUNDBALANCE,DECEMBER31 $49,645 Seacompanyingnotesandacountant'scompilationreport (5)

6 STATEMENTOFREVENUE,EXPENDITURESANDCHANGESINFUNDBALANCE RECREATIONDISTRICT#2OFTHEPARISHOFCONCORDIA (GOVERNMENTFUND-GENERALFUND) YEARENDEDDECEMBER31,196 BUDGETANDACTUAL Variance REVENUES BudgetActual Advaloremtaxes(Note6) Staterevenuestlaring $20,O0 Interestearnings 1,2030 Concesions.fesandservices 5,90 $19,820 (Unfavorable) Favorable 1,259 ($180) 1,605 7,672 1, ,72 Totalrevenue $27,40$30,356 $2,956 EXPENDITURES Recreationservices Operatingservices Personalservicesandrelatedbenefits $15,0 Capitaloutlay Materialsandsuplies 8,30 Insurance 6,30 1,0 3,0 $16,35 8,19 5, ,706 ($1,35) ,0 Totalexpenditures 294 $3,60$32,784 $816 EXCES(DEFICIENCY)OFRECEIPTS CASHANDCERTIFICATESOFDEPOSIT OVERDISBURSEMENTS ($6,20)($2,4.28) $3,72 BALANCE,JANUARY1 48,35231,532 (16,820) CASHANDCERTIFICATESOFDEPOSIT BALANCE,DECEMBER31 Seacompanyingnotesandacountant'scompilationreport $42,152 (6)

7 RECREATIONDISTRICT#2OFTHEPARISHOFCONCORDIA AsofandfortheYearEndedDecember NOTESTOFINANCIALSTATEMENTS NOTE1-INTRODUCTION byanordinanceoftheconcordiaparishpolicejuryonnovember27,1957,inacordance RecreationDistrict#2oftheParishofConcordia(RecreationDistrict#2)wascreated withlouisianarevisedstatute3:4564.therecreationdistrict#2isgovernedbyaboard ofivecomisionerswhoarequalifiedvotersandresidentsofthedistrict.the comisionersarejointlyreferedtoastheboardofcomisionersandapointedbythe membersoftheconcordiaparishpolicejury.thecomisionerservetermsofive years,whichexpireonarotatingbasis.therecreationdistrictwascreatedforthe purposeofowningandoperatingplaygroundsandotherfacilitiesinthedistrictandto initiateactivitiesthatpromoterecreationforthegeneralhealthandwel-beingofyouth. Louisianalawprovidesthathecomisionersmayreceiveaperdiemof$10.0foreach metingtheyatend,butshalnotbepaidformorethantwelve(12)metingsineachyear. Thecomisionershavelectednotoreceiveanycompensation.Inadition,thedistrict employsnoful-timemployes. NOTE2-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES A.BasisofPresentation-Theacompanyingfinancialstatementshavebenprepared inconformitywithgeneralyaceptedacountingprinciples(gap)asapliedto governmentalunits.thegovernmentalacountingstandardsboard(gasb)isthe aceptedstandard-setingbodyforestablishingovernmentalacountingandfinancial reportingprinciples. B.ReportingEntity-Asthegoverningauthorityoftheparish,foreportingpurposes,the ConcordiaParishPoliceJuryisthefinancialreportingentityforConcordiaParish.The financialreportingentityconsistsof(a)theprimarygovernment(policejury),(b) organizationsforwhichtheprimarygovernmentisfinancialyacountable,and(c)other organizationsforwhichnatureandsignificanceoftheirelationshipwiththeprimary governmentaresuchthatexclusionwouldcausethereportingentity'sfinancialstatements tobemisleadingorincomplete.

8 GovernmentalAcountingStandardsBoardStatementNo.14establishedcriteriafor determiningwhichcomponentunitshouldbeconsideredparloftheconcordiaparish PoliceJuryforfinancialreportingpurposes.Thebasicriterionforincludingapotential componentunitwithinthereportingentityisfinancialacountability.thegasbhaset fodhcriteriatobeconsideredindeterminingfinancialacountability.thiscriteriaincludes: 1.Apointingavotingmajorityofanorganization'sgoverningbody,and a.theabilityofthepolicejurytoimposeitswilonthatorganization and/or b.thepotentialfortheorganizationtoprovidespecificfinancial benefitstorimposespecificfinancialburdensonthepolicejury 2.Organizationsforwhichthepolicejurydoesnotapointavoting 3.Organizationsforwhichthereportingentityfinancialstatements majoritybutarefiscalydependentonthepolicejury. wouldbemisleadingifdataoftheorganizationisnotincluded becauseofthenatureorsignificanceoftherelationship. BecausethepolicejuryapointsavotingmajorityoftheRecreationDistrict'sboardand saidboardisfiscalydependentonthepolicejury,thedistrictwasdeterminedtobea componentunitoftheconcordiaparishpolicejury,thefinancialreportingentity.the acompanyingfinancialstatementspresentinformationonlyonthefundsmaintainedby thedistrictandonotpresentinformationonthepolicejury,thegeneralgovernment servicesprovidedbythatgovernmentalunit,ortheothergovernmentalunitsthatcomprise thegovernmentalreportingentity. C.FundAcounting-TheRecreationDistrictusesafundandanacountgrouptoreport onitsfinancialpositionandtheresultsofitsoperations.fundacountingisdesignedto demonstratelegalcomplianceandtoaidfinancialmanagementbysegregating transactionsrelatingtocertaingovernmentfunctionsoractivities. Afundisaseparateacountingentitywithaself-balancingsetofacounts.Ontheother hand,anacountgroupisafinancialreportingdevicedesignedtoprovideacountability forcertainasetsandliabilitiesthatarenotrecordedinthefundsbecausetheydonot directlyafectnetexpendableavailablefinancialresources. (8)

9 TheGeneralFundoftheRecreationDistrictisclasifiedasagovernmentalfund.The GeneralFundacountsfortheDistrict'sgeneralactivities,includingthecolectionand disbursementofspecificorlegalyrestrictedmoniesandtheacquisitionorconstruction ofgeneralfixedasets. D.BasisofAcountina-Theacountingandfinancialreportingtreatmentapliedtoa fundisdeterminedbyitsmeasurementfocus.thegeneralfundisacountedforusing acurentfinancialresourcesmeasurementfocus.withthismeasurementfocus,only curentasetsandcurentliabilitiesaregeneralyincludedonthebalanceshet.the operatingstatementofthegeneralfundpresentsincreasesandecreasesinet curentasets.themodifiedacrualbasisofacountingisusedbythegeneralfunḍ TheGeneralFundusesthefolowingpracticesinrecordingrevenuesandexpenditures. Revenues-Advaloremtaxesandtherelatedstaterevenuesharing arerecordedintheyearthetaxesareasesed.advaloremtaxes areasesedonacalendaryearbasis,becomedueonnovember15 ofeachyear,andbecomedelinquentondecember31.thetaxesare generalycolectedindecemberofthecurentyearandjanuaryand Februaryofthensuingyear. Interestincomeontimedepositsisrecordedwhentheinterestisearned andcouldbewithdrawn. Substantialyalotherevenuesarerecognizedwhenreceived Expenditures-Expendituresaregeneralyrecognizedunderthemodified acrualbasisofacountingwhentherelatedfundliabilityisincured. E.Budgets-LouisianalawexemptsalspecialdistrictscreatedbeforeDecember31, 1974,fromtherequirementsoftheLocalGovernmentBudgetAct.TheRecreation District#2oftheParishofConcordiawascreatedonNovember27,1957,and, acordingly,isexemptfromthebudgetaryrequirements,althoughmanagementhas determinedthatheadoptionofananualbudgetisdesiredforcontrolpurposes.the RecreationDistrict'sbudgetispreparedonacashbasisofacounting.Unexpended apropriationslapseatyearend,andtherecreationdistrictdoesnotemploy encumbranceacounting. F.CashandCashEauivalents-Cashincludesamountsinterestbearingdemand depositsandcashequivalentsincludeamountsintimedeposits.timedepositsare

10 statedatcost.understatelaw,thedistrictmaydepositfundsindemandepositș interest-bearingdemandeposits,moneymarketacounts,ortimedepositswithstate banksorganizedunderlouisianalawandnationalbankshavingtheirprincipaloficesin Louisiana. G.FixedAsets-Fixedasetsarerecordedasexpendituresathetimepurchasedor constructedandtherelatedasetsarecapitalized(reported)inthegeneralfixedasets acountgroup.publicdomainorinfrastructuresarenotcapitalized.nodepreciation hasbenprovidedongeneralfixedasets.fixedasetsarevaluedathistoricalcostor estimatedhistoricalcost,usingthecurentcostforlikeitems,ifhistoricalcostisnot available. H.TotalColumnonBalanceShet-Thetotalcolumnonthebalanceshetis captionedmemorandumonlytoindicatethatitispresentedonlytofacilitatefinancia analysis.datainthiscolumndoesnotpresentfinancialpositioninconformitywith generalyaceptedacountingprinciples.neitherisuchdatacomparabletoa consolidation. NOTE3-CASHANDCERTIFICATESOFDEPOSIT balances),totaling$29,104,asfolows: AtDecember31,196,theDistricthascashandcertificatesofdeposits(bok Interest-bearingdemandeposits Timedeposits $3,051 26,0,~ Tota thesedeposits(ortheresultingbankbalances)mustbesecuredbyfederaldeposit Thesedepositsarestatedatcost,whichaproximatesmarket.Understatelaw, insuranceorthepledgeofsecuritiesownedbythefiscalagentbank.themarketvalue ofthepledgedsecuritiesplusthefederaldepositinsurancemustataltimesequalthe amountondepositwiththefiscalagent.atdecember31,196,thedistricthas $29,104indeposits(colectedbankbalances).Thesedepositsaresecuredfromriskby federaldepositinsurance.

11 AsumaryofchangesingeneralfixedasetsfortheyearendedDecember31,196 folows: Balance,January1,196 BuildingsEquipmentTotal Aditions Balance,December $64,50-0- ~4,50 $6, $130, AtDecember31,196,aproximately35percentofthegeneralfixedasetsare recordedathistericalcostand65percentarerecordedatestimatedhistoricalcost TheRecreationDistrictislocatedonlandownedbytheConcordiaParishSchol Board.OnFebruary3,1987,thescholboardandthedistrictrenewedanexisting agrementwhichprovidesforuseofthelandbytherecreationdistricṭthis agrementwilexpirefebruary2,207. H Thebudgetcomparisonpresentedintheacompanyingfinancialstatementsincludes theoriginaladoptedbudget.thefolowingisareconciliationofthexcesof expendituresoverevenuesonthestatementonpage5tothestatementonpage6: Excesofexpendituresoverevenues(Page5) Adjustmentsfor: Curentyearacruals(net) ($1,087) Prioryearacruals(net) (19,901) 18,560 Exces(deficiency)ofreceiptsoverdisbursements(Page6)($2,428) TheDistdctisauthorizedtoandhaslevieda3.81miladvaloremtaxfor196forthe operationandmaintenanceofthedistrict. (1)

12 NOTE7-LITIGATION TheDistrictisnotinvolvedinanylitigationatDecember31,196 EBENE TheDistricthasnoful-timemployesandoesnotparticipateinanyretirementplan Itdoesnotoferanyotheremployebenefits. (12)