AsofandfortheYearEndedJune30,201

Transcription

1 CaldwelParishScholBoard AnualFinancialReport Columbia,Louisiana AsofandfortheYearEndedJune30,201

2 CnldwelParishScholBoard TableofContents INDEPENDENTAUDITORS'REPORT CombinedBalanceShet AlFundTypesandAcountGroups FINANCIALSTATEMENTS GOVERNMENTALFUNDS: CombinedStatementofRevenues,Expenditures,andChangesinFundBalances NotestotheGeneral-PurposeFinancialStatements CombinedStatemantofRevenues,Expenditures,andChanges Index infundbalances(deficits)-budget(non-gapbasis)andactual SUPLEMENTALINFORMATION Notes SPECIALREVENUEFUNDS AGENCYFUNDS CombiningBalanceShet CombiningStatementofRevenues,Expenditures,andChangesinFundBalances CombiningStatementofAsetsandLiabilities GENERAL CombiningStatementofChangesinAsetsandLiabilities ScheduleofChangesinDepositsDueOthers OTHEREPORTSREQUIREDBY ScheduleofCompensationPaidBoardMembers BYOFICEOFMANAGEMENTANDBUDGET(OMB)CIRCULARNO.A-13 ReportonComplianceandonInternalControlOverFinancialReportingBasedonanAudit ReportonComplianceWithRequirementsAplicabletoEachMajorProgramand offinancialstatementsperformedinacordancewithgovenmaentatlditingst~ NotestotheScheduleofExpendituresofFederalAwards oninternalconlrolovercomplianceinacordancewithombcircularno.a-13 OTHERINFORMATION ScheduleofFindingsandQuestionedCosts ManagementLeterItems StatusofPriorManagementLeterItems

3 TheGPA Ne~e~U~l~Stlmate:TheVa~u~ ALEN,GREN&COMPANY,LP CERTIFIEDPUBLICACOUNTANTS 2414FeraedStret Monroe,LA71201 BoardMembers CaldweUParishScholBoard Columbia,Louisiana P.o.Box6075 Monroe,LA Tol-fPe:(8/ w.alrengrencpa.com Phone:(316)38-42 Fax:(318)35846e4 INDEPENDENTAUDITORS'REPORT TimGren,CPA MargieWiliamson,CPA SylviaR.Falin,CPA SharonK.French,CPA ReginaILMekus,CPA ErnestL.Alen,CPA(Retired) Wehaveauditedtheacompanyingeneral-purposefinancialstatementsofCaldwelParishScholBoard,Columbia, Louisiana,asofandfortheyearendedJune30,201,aslistedinthetableofcontents.Thesegeneral-purposef'mancial statementsaretheresponsibilityofthescholboard'smanagement.ouresponsibilityistoexpresanopiniononthese general-purposefinancialstatementsbasedonouraudit. WeconductedourauditinacordancewithauditingstandardsgeneralyaceptedintheUnitedStatesofAmericandthe standardsaplicabletofinancialauditscontainedingovernmentauditingstandards,isuedbythecomptrolergeneralof theunitedstatesofamerica.thosestandardsrequirethatweplanandperformtheauditobtainreasonableasuranceabout whetherthefinancialstatementsarefreofmaterialmistatement.anauditincludesexamining,onatestbasișevidence suportingtheamountsandisclosuresinthefinancialstatements.anauditalsoincludesasesingtheacountingprinciples usedandthesignificantestimatesmadebymanagement,aswelasevaluatingtheoveralf'mancialstatementpresentation.we believethatourauditprovidesareasonablebasisforouropinion. Inouropinionthegeneral-purposefinancialstatementsreferedtoabovepresentfairly,inalmaterialrespects,thef'mancial positionofthescholboardasofjune30,201,andtheresultsofitsoperationsfortheyearthenendedinconformitywith acountingprinciplesgeneralyaceptedintheunitedstatesofamerica. InacordancewithGovernmentAuditingStandards,wehavealsoisuedoureportdatedSeptember28,201onour considerationofthescholboard'sinternalcontroloverfinancialreportingandonourtestsofitscompliancewithcertain provisionsoflaws,regulations,contracts,andgrants.thatreportisanintegralpartofanauditperformedinacordancewith GovernmentAuditingStandardsandshouldbereadinconjunctionwiththisreportinconsideringtheresultsofouraudit. Theacompanyingsuplementalinformationaslistedinthetableofcontentsandthescheduleofexpendituresofederal awards,asrequiredbyombcircularno.a-13,arepresentedforpurposesofaditionalanalysisandarenotarequiredpart ofthegeneral-purposefinancialstatements.suchinformationhasbeansubjectedtotheanditingproceduresapliedintheandit ofthegeneral-purposefinancialstatementsand,inouropinion,isfairlystated,inalmaterialrespects,inrelationtothe general-purposefinancialstatementstakenasawhole. Also,theacompanyingotherinformation,aslistedinthetableofcontents,ispresentedforpurposesofaditionalanalysis andisnotarequiredpartofthegeneral-purposefinancialstatementsofthescholboard.suchinformationhasnotben subjectedtotheauditingproceduresapliedintheauditofthegeneral-purposefinancialstatementsand,acordingly,we expresnopiniononit. ALEN,GREN&COMPANY,LP Monroe,Louisiana September28,201 ~LP AlsoLocatedinJenandShreveport.Louisiana Mcaber:AmericanInstituteofCertifiedPublicAecountmlts,SocietyofLouisianaCertifiedPublicAcountantsand Amelica~lIlsatlteofCerifedPabfi~Ace~/ultmltsDivlsloi~forCPAFirms EqualOportunityEmployer

4 ALFUNDTYPESANDACOUNTGROUPS CombinedBalanceShet June30,201 ~"~*~GOVERNMENTALFUNDS * ASETSANDOTHERDEBITS GENERALREVENUE FUND SPECIAL FUNDS SERVICE DEBT FUND AsetsCashandcashequivalents Investments Receivables Interfundreceivable 1,348, ,159$ 364,395$ Inventory 273, ,656 36,6460 Otherdebits: Land,buildingsandequipment 379,35 694, ,4070 O Amountavailableindebtservicefunds Amountobeprovidedforpaymentofdebt LIABILITIES,EQUITYANDOTHERCREDITS TOTALASETSANDOTHERDEBITS Liabilities Acounts,salariesandotherpayables Depositsdueothers 1,204,193 Interfundpayable Deferedrevenues ,909 O Workers'compensationclaims 0 Compensatedabsencespayable 379,35 6,147 0 Bondsandnotespayable 0 EquityandOtherCredits TotalLiabilities 1,204~ ,41 O O Investmentingeneralfixedasets FundBalances: 0 0 Reservedfor: Workers'compensation Unreservedandundesignated Inventory 10,09 Debtservice 1,185, ,506 9, , TotalEquityandOtherCredits 1,285,37 539,065 36,646 TOTALIABILITIES,EQUITYAND OTHERCREDITS THENOTESTOTHEGENERALPURPOSEFINANCIALSTATEMENTSAREANINTEGRALPARTOFTHISTATEMENT

5 FIDUCIARY *ACOUNTGROUPS~* StatementA FUNDS- AGENCY GENERALGENERAL FIXED LONG-TERM(MEMORANDUM TOTAL FUNDS ASETS DEBT ONLY) 13,68$ 00 0$1,023,868 1,52,084 23,976, O0 967, ,976,08 379,912 13, ,646 91,458 36,646 91,458 13,68 1,526,102 13, ,912 O 5,04 6, , ~4 516, ,4 5,04 13,68 0 1,028,104 3,073, , ,714,843 36,646 9,59 023,976,08 025,837,136 $13,68$23,976,08$1,028,104~

6 CALDWELPARISHSCHOLBOARD CombinedStatementofRevenues,Expenditures, GOVERNMENTALFUNDS FortheYearEndedJune36,2061 andchangesinfundbalances StatementB REVENUES GENERALREVENUESERVICE(MEMORANDUM SPECIAL DEBT TOTAL Localsources: FUND FUNDS FUND ONLY) Taxes: Interestearnings Advalorem Fodservices Salesanduse 57,129$305,486$5,684$868,29 76,287 Statesources Federalsources Other 0 1,256, ,321 31,196 6,78 1,256, ,321 14,271 7,243,639 51, , O 7,735,358 52,185 TOTALREVENUES 7,928,3453,808,251 O1,62,673 12, ~52,673 1,749,068 EXPENDITURES Curent: Instruction: Regularprograms Suportservices: Specialprograms 3,545,469 Otherinstructionalprograms 916, ,925 Studentservices 489,85 370,06 4,194,394 Instructionalstafsuport 263, ,397 Generaladministration 276,15 Scholadministration 342,05 75,48 O0 1,286,792 1,25, ,480 Busineservices Plantservices 56,780 81, ,827 Fodservices Studentransportationservices 63,698 75, ,635 38, ,759 Facilitiesacquisitionandconstruction Centralservices 764,049 27, , ,214 3,437 Debtservice: 14,186 85,436 0O 203,928 84,312 7,50 987,737 32,483 1,01, ,482 3,437 Principalretirement Interestandbankcharges 35, ,0 2, ,208 TOTALEXPENDITURES 1.024_ 38,019 8,029,583,73, ,8112,040,.1.95 EXCES(Deficiency)OFREVENUES OVEREXPENDITURES $(10!,23).~.34,435$(24,39)~(291,127) (CONTINUED)

7 CALDWELPARISHSCHOLBOARD CombinedStatementofRevenueșExpenditures GOVERNMENTALFUNDS FortheYearEndedJune30,201 andchangesinfundbalances StatamentB GENERALREVENUESERVICE(MEMORANDUM SPEC~L DEBT TOTAL OTHERFINANCINGSOURCES(USES) FUND FUNDS FUND ONLY) Operatingtransfersin Operatingtransfersout Procedsfromsaleofbonds TotalOtherFinancing 90, O 05 0O 90,762 0 Sources(Uses) EXCES(Deficiency)OFREVENUESAND OTHERSOURCESOVEREXPENDITURES FUNDBALANCESATBEGININGOF ANDOTHERUSES (10,461) 34,435(24,39)(20,365) YEAR,ASORIGINALYSTATED FUNDBALANCESATBEGININGOF PRIORPERIODADJUSTMENT 1,024, , ,630260, ,427 YEAR,ASRESTATED 1,295,798 FUNDBALANCESATENDOFYEAR 504,630260,9852,061,413 (CONCLUDED) THENOTESTOTHEGENERALPURPOSEFINANCIALSTATEMENTSAREANINTEGRALPARTOFTHISTATEMENT

8 CALDWELPARISHSCHOLBOARD CombinedStatementofRevenues,Expenditures,andChanges infundbalances-budget(non-gapbasis)andactual GOVERNMENTALFUNDS-GENERALFUND FortheYearEndedJune30,201 StatementC REVENUES BUDGET ACTUAL(UNFAVORABLE) VARIANCE Localsources: Advaloremtaxes Statesources Interestearnings Federalsources Other 516,090$ 40,0 57,129$ 76,287 41,129 36,287 7,218,6857,241,29 8,10 9,641 1,541 2,614 EXPENDITURES TotalRevenues 7,812,7857,928,345 30,0 43,989 13,989 15,560 Curent: Instruction: Regularprograms Suportservices: Specialprograms 3,560,525 Otherinstructionalprograms 917,60 3,545,469 Studentservices 469, ,726 15,056 Instructionalstafsuport 254, Generaladministration Scholadministration 283, ,348 (20,635) 274 Busineservices 532,70O 26, ,15 Plantservices 193,50 342,05 Fodservices Studentransportationservices 629,80 176,827 56,780 (15,435) (8,698) (24,080) 7,605 Facilitiesacquisitionandconstruction Centralservices ,098 16, ,340 (3,298) 13,0 (17,540) 24,0 14,186 3,437 7~50 (1,186)!6,50 (437) EXCES(Deficiency)OFREVENUES TotalExpenditures OVEREXPENDITURES FUNDBALANCESATBEGININGOFYEAR 9,160 (10,461) (19,641) ASORIGINALYSTATED PRIORPERIODADJUSTMENT 1,024,3711,024, ,427 FUNDBALANCESATBEGININGOFYEARASRESTATED FUNDBALANCESATENDOFYEAR ~ 1,295,7981,295,798 ~;1~285,37~;(19,641) 0 (CONTINUED)

9 CALDWELPARISHSCHOLBOARD CombinedStatementofRevenues,Expenditures,andChanges GOVERNMENTALFUNDS-SPECIALREVENUEFUNDS infundbalances-budget(non-gapbasis)andacutal FortheYearEndedJune30,201 StatementC REVENUES Localsources'. BUDGET ACTUAL(UNFAVORABLE) VARIANCE Taxes: Interestearnings Advalorem Fodservices Salesanduse 1,347,801,256,961 27,909$ 305,486$ (90,839) 27,57 Statesources Federalsources Other 16,0 5,20 31,196 25,96 5,0 169, (4,t05) 3,321 EXPENDITURES TotalRevenues 1,589,891,52, ,57 491,719 20, ,8.08,251 (37,216) (5,t24) Curent: Instruction: Regularprograms Specialprograms 650,823 Suportservices: Otherinstructionalprograms 358, , , ,06 735,397 (1,396) 1,898 Studentservices Instructionalstafsuport Generaladministration 365,231 76,683 Scholadministration 8,525 75,48 (2,962) 315,480 Busineservices Plantservices 76,093 81,917 49,751 1,235 Fodservices Studentransportationservices 25,760 27,327 75,465 6,609 86,14 27, , Facilitiesacquisitionandconstruction DebtService: 965,50 85,43 26 Principalretirement 23, ,737 32,43 (2,~87) 4,54671 Interestandbankcharges 65,0 (8,897) 2,150 65,0 2,150 0O TotalExpenditures 3,793,9783,73,816 20,162 EXCES(Deficiency)OFREVENUES FUNDBALANCESATBEGIN(NGOFYEAR OVEREXPENDITURES 69,397 34,435 (34,962) FUNDBALANCESATENDOFYEAR 16,137 ~539r065.~,.,353t ,630-38,493 (CONCLUDED) THENOTESTOTHEGENERALPURPOSEFINANCIALSTATEMENTSAREANINTEGRALPARTOFTHISTATEMENT 7

10 NotestotheGeneral-PurposeFinancialStatements Caldwel!ParishScholBoard NOTE1-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES INDEX A.REPORTINGENTITY B.FUNDSANDACOUNTGROUPS C.MEASUREMENTFOCUSANDBASISOFACOUNTING GovernmentalFunds FiduciaryFunds D.BUDGETS G~eramc~ata~ar~lFidueinvjFuI~6~ GeneralBudgetPolicies E.CASHANDCASHEQUIVALENTS Encumbrances F.INVESTMENTS BudgetBasisofAcounting G.SHORT-TERMINTERFUNDRECEIVABLES/PAYABLES H.INVENTORYANDPREPAIDITEMS I.FIXEDASETS J.COMPENSATEDABSENCES K.LONG-TERMOBLIGATIONS L.FUNDEQUITY M.INTERFUNDTRANSACTIONS N.SALESTAX NOTE2-STEWARDSHIP,COMPLIANCE,ANDACOUNTABILITY O.MEMORANDUMONLY-TOTALCOLUMNS P.USEOFESTIMATES NOTE4-LEVIEDTAXES NOTE3-BUDGET/GAPRECONCILIATION ExcesofExpendituresOverApropriationsinMdividunlFunds., NOTE5-DEPOSITSANDINVESTMENTS NOTE6-RECEIVABLES NOTE7-FIXEDASETS NOTE8-RETIREMENTSYSTEMS : NOTE9-OTHERPOSTEMPLOYMENTBENEFITS NOTE10-ACOUNTS,SALARIES,ANDOTHERPAYABLES NOTE1-COMPENSATEDABSENCES NOTE12-LEASES NOTE13-AGENCYFUNDEPOSITSDUEOTHERS NOTE14-GENERALONG-TERMOBLIGATIONS NOTE15-INTERFUNDASETS/LIABILITIES NOTE16-LITIGATIONANDCONTINGENCIES NOTE17-RISKMANAGEMENT NOTE18-ON-BEHALFPAYMENTSFORFRINGEBENEFITSANDSALARIES NOTE19-SUBSEQUENTEVENTS NOTE20-PRIOR-PERIODADJUSTMENT NOTE21-NEWFUNDS

11 NotestotheGeneral-PurposeFinancialStatements CaldweliParishScholBoard NOTE1-SUMARYOFSIGNIFICANTACOUNTINGPOLICIESTheacompanyingfinancialstatementsofthe CaldwelParishScholBoardhavebenpreparedinconformitywithacountingprinciplesgeneralyaceptedintheUnited StatesofAmerica(GAP)asapliedtogovernmentalunits.TheGovernmentalAcountingStandardsBoard(GASB)isthe aceptedstandard-setingbodyforestablishingovernmentalacountingendfinancialreportingprinciples. A.REPORTINGENTITYTheCaldweUParishScholBoardwascreatedbyLouisianaRevisedStatute(LSA-R.S.17:51) toprovidepubliceducationforthechildrenwithincaldwelparish.thescholboardisauthorizedbylsa-r.s.17:8lto establishpoliciesandregulationsforitsowngovernmentconsistentwiththelawsofthestateoflouisianandtileregulations ofthelouisianaboardofelementaryandsecondaryeducation.thescholboardiscomprisedoftenmemberswhoare electedfromtendistrictsfortermsofouryears. TheScholBoardoperatesixscholswithintheparishwithatotalenrolmentofaproximately1,907pupils.Inconjunction withtheregulareducationalprograms,someofthesescholsoferspecialeducationand/oradulteducationprograms.in adition,thescholboardprovidestransportationandscholfodservicesforthestudents. GASBStatementNo.14establishedcriteriafordeterminingthegovernmentalreportingentityandcomponentunitsthatshould beincludedwithinthereportingentity.becausethescholboardhasaseparatelyelectedgoverningbodyandislegaly separateandfiscalyindependent,thescholboardisaseparategovernmentalreportingentity.thescholboardincludes alfunds,acountgroups,activities,etcetera,thatarewithintheoversightresponsibilityofthescholboard. CertainunitsoflocalgovernmentoverwhichtheScholBoardexercisesnoversightresponsibility,suchastheparishpolice juryandmunicipalitieswithintheparish,arexcludedfromtheacompanyingfinancialstatements.theseunitsofgovernment areconsideredseparatereportingentitiesandisuefmancialstatementseparatefromthoseofthescholboard. B.FUNDSANDACOUNTGROUPSTheScholBoardusesfimdsandacountgroupstoreportonitsfinancialposition andtheresultsofitsoperations.fundacountingisdesignedtodemonstratelegalcomplianceandtoaidf'mancialmanagement bysegregatingtransactionsrelatingtocertaingovernmentfunctionsoractivities. Afundisaseparateacountingentitywithaself-balancingsetofacounts.Ontheotherhand,anacountgroupisafmancial repol~ingdevicedesignedtoprovideacom~tabilityforcertainasetsandliabilitiesthatarenotrecordedinthefundsbecause theydonotdirectlyafectrtetexpendablefinancialresources. FundsoftheScholBoardareclasifiedintotwocategories:governmentalandfiduciary.Inturn,eachcategoryisdivided intoseparatefundtypes.thefundclasificationsandadescriptionofeachexistingfundtypefolow: GovernmentalFundsGovernmentalfundsacountforalormostoftheScholBoard'sgeneralactivities,includingthe colectionandisbursementofspocificorlegalyrestrictedmonies,theacquisitionorconsmactionofgeneralfixedasets,and theservicingofgeneralong-termdebt.governmentalfundsinclude: Generalfund-thegeneraloperatingfundoftheScholBoardacountsforalfinancialresources,excepthoserequired tobeacountedforinotherfunds. Specialrevenuefunds-acountfortheprocedsofspecificrevenuesourcesthatarelegalyrestrictedtoexpenditures forspecifiedpurposes. Debtservicefund-acountsfortransactionsrelatingtoresourcesretainedandusedforthepaymentofprincipaland FiduciaryFundsFiduciaryfundsacountforasetsheldonbehalfofoutsideparties,includingothergovernments,oron interestonthoselong-termobligationsrecordedinthegeneralong-termobligationsacountgroup. behalfofotherfundswithinthescholboard.fiduciaryfundsinclude:

12 NotestotheGeneral-PurposeFinancialStatements scholorganizations. -acountsforasetsheldbythescholboardasanagentfortheindividualscholsand CaldwelParishScholBoard 4-Hscholarshipfund-thischolarshipagencyfundisfundedbyvoluntaryemployecontributions.Theprocedsare Agencyfundsarecustodialinature(asetsequaliabilities)andonotinvolvemeasurementofresultsofoperations usedtoprovideananualscholarshipforanoutstandingraduate. C.MEASUREMENTFOCUSANDBASISOFACOUNTING itsmeasurementfocus.governmentalfundtypesusetheflowofcurentfinancialresourcesmeasurementfocusandthe modifiedacrualbasisofacenmating.underthemodifiedacrualbasisofacountingrevenuesarerecognizedwhen Theacountingandfinancialreportingtreatmentapliedtoafundisdeterminedby susceptibletoacrual(i.e.,whentheyare"measurableandavailable")."measurable"meanstheamountofthetransactioncan bedeterminedand"available"meanscolectiblewithinthecurentperiodorsonenoughthereaftertopayliabilitiesofthe curentperiod.thegovernmentconsidersalrevenuesavailableiftheyarecolectedwithin60daysafteryear-end. Expendituresarerecordedwhentherelatedfundliabilityisincured,exceptforumaturedinterestongeneralong-tarmdebt whichisrecognizedwhendue,andcertaincompensatedabsencesandclaimsandjudgmentswlficharerecognizedwhenthe obligationsarexpectedtobeliquidatedwithexpendableavailablefinancialresources. Withthismeasurementfocus,onlycurentasetsandcurentliabilitiesaregeneralyincludedonthebalanceshet.Operating statementsofthesefundspresentincreasesandecreasesinetcurentasets.thegovernmentalfundsusethefolowing practicesinrecordingrevenuesandexpenditures: grants-in-aidwhenavailableandmeasurable.federalandstaterestrictedgrantsarerecordedwhenthereimbursable expenditureshavebenincured. whichincludestatequalizationandstaterevenuesharingarerecordedasunrestricted Advaloremtaxesarerecordedintheyearthetaxesaredueandpayable.Advaloremtaxesareasesedonacalendar yearbasis,becomedueonnovember15ofeachyear,andbecomedelinquentondecember31.thetaxesaregeneraly colectedindecember,january,andfebruaryofthefiscalyear. Salestaxesarerecordedintheyeartheyaremeasurableandavailable. Interestincomeontimedepositsandinvestmentsisrecordedwhentheinterestbecomesmeasurableandavailableto ExpendituresExpendituresaregeneralyrecognizedunderthemodifiedacrualbasisofacountingwhentherelatedfund financexpendituresofthefiscalperiod. liabilityisincured. Salariesarerecordedaspaid.Salariesfornhle-monthemployesarepaidovertwelvemonthsandacruedatJune30 Principalandinterestongeneralong-termdebtisrecognizedwhendue. Inventoryitemsarexpensedaspurchasedexceptforinventoryofthescholunchfundwhichisexpensedas consumed. duetoretirementordeath.thecostofcompensatedabsencesnotrequiringcurentresourcesisrecordedinthegeneral long-termobligationsacenuntgroup. arerecognizedasexpenditureswhenleaveisactualytakenoruponterminationofemployment

13 NotestotheGeneral-PurposeFinancialStatements CaldwelParishScholBoard ofixedasets,debtextinguishments,andlong-termdebtproceds)areacountedforasotherfinancingsources(uses). Theseotherfmancingsources(uses)arerecognizedathetimetheunderlyingeventsocur. Transfersbetwenfundsthatarenotexpectedtoberepaid(orothertypes,suchasale D.BUDGETS GeneralBudgetPoliciesTheSclolBoardfolowstheseproceduresinestablishingthebudgetarydatareflectedinthe combinedfinancialstatements: Statestatuterequiresbudgetsbeadoptedforthegeneralfundandeachspecialrevenuefund. EachyearpriortoSeptember15,theSuperintendentsubmitstotheBoardproposedanualbudgetsforthegeneralfiredand specialrevenuefund.publichearingsareconducted,priortotheboard'saproval,tobtaintaxpayercoments.theoperating budgetsincludeproposedexpendituresandthemeansofinancingthem. Apropriations(unexpendedbudgetbalances)lapseatyearend. Formalbudgetintegration(withintheacountingrecords)isnotemployedasamanagementcontroldevice.Albudgetsare controledathedivision,departmentalorprojectlevel.budgetunountsincludedintheacompanyingfinancialstatements includetheoriginaladoptedbudgetandalsubsequentamendments.theserevisionswereconsideredinsignificantbythe Board.AlbudgetrevisionsareaprovedbytheBoard. EncumbrancesEncumbranceacounting,underwhichpurchaseordersarerecordedinordertoreservethatportionofthe aplicableapropriation,isnotemployedforothercomitmentsofthescholboard.however,outstandingpurchaseorders aretakenintoconsiderationbeforexpendituresareincuredinordertoasurethataplicableapropriationsarenotexceded. basisconsistentwithacountingprinciplesgeneralyaceptedintheunitedstatesofamerica(gap)exceptforcertain reclasificationsasincludedinnote3-budget/gapreconciliations.budgetedamountsareasoriginalyadoptedoras Algovermnentalfunds'budgetsarepreparedonthemodifiedacrualbasisofacounting,a amendedbytheboard.legaly,theboardmustadoptabalancedbudget;thatis,totalbudgetedrevenuesandotherfinancing sourcesincludingfundbalancemustequalorexcedtotalbudgetedexpendituresandotherfarancinguses.statestatutes requiretheboardtoamenditsbudgetswhenrevenuesplusprojectedrevenueswithinafundarexpectedtobelesthan budgetedrevenuesbyfivepercentormoreand/orexpenditureswithinafundarexpectedtoexcedbudgetedexpenditures byfivepercentormore.thescholboardaprovesbudgetsathefunctionlevelandmanagementcantransferamounts betwenlineitemswithinafunction. E.CASHANDCASHEQUIVALENTSCashincludesamountsindemandeposits,interest-bearingdemandeposits,and moneymarketacounts.cashequivalentsincludeamountsintimedepositsandthoseinvestmentswithoriginalmaturitiesof 90daysorles.Understatelaw,theScholBoardmaydepositfundsindemandeposits,interest-bearingdemandeposits, moneymarketacounts,ortimedepositswithstatebanksorganizedunderlouisianalawandnationalbankshavingtheir principaloficesinlouisiana. Understatelaw,theScholBoardmayinvestinUnitedStatesbonds,treasurynotes,orcertificates.Theseareclasifiedas investmentsiftheiroriginalmaturitiesexced90days;however,iftheoriginalmaturitiesare90daysorlestheyareclasified ascashequivalentsandarestatedatcost. F.INVESTMENTSInvestmentsarelimitedbyR.S.3:295andtheScholBoard'sinvestmentpolicy.Iftheoriginal maturitiesofinveslmentsexced90days,theyareclasifiedasinvestments;however,iftheoriginalmaturitiesare90daysor les,theyareclasifiedascashequivalents. Theinvestmentsarereflectedatfairvaluexceptforthefolowingwhicharerequired/permitedasperGASBStatement No.31:

14 NotestotheGeneral-PurposeFinancialStatements CaldwelParishScholBoard 1.Investmantsin~nparti~ipatin~intarest-earningc~ntmcts~suchasn~neg~tiab~e~ertificat~s~fdep~sitwithredempti~n 2.TheScholBoardreportedatamortizedcostmoneymarketinvestmentsand~ termsthatdonotconsidermarketrates,arereportedusingacost-basedmeasure. contractsthathavearemainingmaturityatimeofpurchaseofoneyearorles. interest-earninginvestment Definitions: repurchaseagrements,andguarantedinvestmentcontracts. Interest-earninginvestmentcontractsincludetimedepositswithfinancialinstitutions(suchascertificatesofdeposit), TheScholBoardparticipatesintheLouisianaAsetManagementPol,Inc.(LAMP)whichisanexternalinvestmentpol Moneymarketinvestmentsareshort-term,highlyliquidebtinstrmnentsthatincludeU.S.Treasuryobligations. thatisnotsec-registered.becausethelampisanarangementsponsoredbyatypeofgovernmantalentity,itisexemptby statutefromregulationbythesec. TileinvestmentobjectiveoftheLAMPisthepreservationofcapitalandthemaintenanceofliquidityand,tothextent consistentwithsuchobjective,curentyield. TheLAMPwasestablishedasacoperativendeavortoenablepublicentitiesofthestateofLouisianatoagregatefundsfor investment.thispolingisintendedtoimproveadministrativeficiencyandincreaseinvestmentyield.theboardof DirectorsofLAMPprovidescertainmanagementandadministrativeservicestoLAMPand,throughacompetitivebiding proces,selectsacustodialbankandaninvestmentadvisor.thecustodialbankholdstheasetsoflampandtheinvestment decisionsaremadebytheinvestmentadvisor.boththecustodialbankandtheinvestmentadvisoraresubjectothereview andoversightoflamp. AnanualauditofLAMPisconductedbyanindependentcertifiedpublicacountant.TheLegislativeAuditorofthestate oflouisianahasfulacestotherecordsofthelamp. TheLAMPmayinvestinU.S.GovernmentSecuritiesandisdesignedtocomplywithrestrictiononinvestmentsby municipalities,parishes,andothertypesofpoliticalsubdivisionsimposedunderlouisianarevisedstatute3:295. TheLAMPsekstomaintainastablenetasetvalueof$1.0perunit,butherecanbenoasurancethatheLAMPwilbe abletoachievethisobjective.thelamp'sportfoliosecuritiesarevaluedatfairvalue.tilelampoperatesinamaner consistentwiththesec'srule2a7oftheinvestmentcompanyactof1940,asamended,whichgovernsmoneymarketfunds (althoughthelampisnotamoneymarketfundandhasnobligationtoconformtothisrule.)inadition,thelampwil generalycomplywithotheraspectsofthatrule,includingtherequirementsthatalportfoliosecuritiesacquiredbythelamp musthave,athetimeofpurchase,amaximumremainingmaturityof397daysandmetcertainaditionalqualitystandards andthathelampmaintainadouar-weig~htadaverageportfoliomaturityofuntmorethma90days. Thefairvalueofthepositioninthepolisthesameasthevalueofthepolshares. G.SHORT-TERMINTERFUNDRECEIVABLES/PAYABLESDuringthecourseofoperations,numeroustransactions ocurbetwenindividualfundsforgodsprovidedorservicesrendered.thesereceivablesandpayablesareclasifiedasdue fromotherfundsorduetotherfundsonthebalanceshet.short-terminterfundloansareclasifiedasinterfund receivables/payables. H.INVENTORYANDPREPAIDITEMSInventoryitemsarexpensedaspurchasedexceptforinventoryoftheschol fodservicefund. InventoryofthescholfodservicespecialrevenuefundconsistsofodpurchasedbytheScholBoardandcomodities grantedbytheunitedstatesdepartmentofagriculturethroughthelouisianadepartmentofagricultureandforestry.the 12

15 NotestotheGeneral-PurposeFinancialStatements CaldwelParishScholBoard comoditiesarerecordedasrevenueswhenreceived;however,alinventoryitemsarerecordedasexpenditureswhen consumed.alptrchasedinventoryitemsarevaluedathelowerofcost(first-in,first-out)ormarket,andcomoditiesare asignedvaluesbasedoninformationprovidedbytheunitedstatesdepartmentofagriculture. Certainpaymentstovendorsreflectcostaplicabletofutureacountingperiodsandarereportedasprepaiditems. I.FIXEDASETSFixedasetsofgovernmentalfundsarerecordedasexpendituresathetimetheyarepurchasedor constructed,andtherelatedasetsarecapitalized(reported)inthegeneralfixedasetsacountgroup.publicdomainor infrastructuresarenotcapitalized.interestduringconstructionisnotcapitalized.nodepreciationhasbenprovidedongeneral fixedasets.alfixedasetsarevaluedathistoricalcostorestimatedhistoricalcost.fixedasetsvaluedatestimatedhistorical costwherenohistoricalcostrecordsexistwas$21,281,017atyear-end. J.COMPENSATEDABSENCESAl12-monthemployesearntendaysofvacationleaveachyear.Vacationleave canotbeaemnulated.uponseparationofemployment,alunusedvacationleaveisforfeited. AlScholBoardemployesearnfromtentoeightendaysofsickleaveachyear,dependinguponthelengthofservice.Sick leavecanbeacumulatedwithoutlimitation.uponretirementordeath,unusedacumulatedsickleaveofuptotwenty-five daysispaidtothemployeortothemploye'sestateathemploye'scurentrateofpay.underthelouisianateachers' RetirementSystem,andtheLouisianaScholEmployes'RetirementSystem,alunpaidsickleaveisusedintheretirement benefitcomputationasearnedservice. TheScholBoard'srecognitionandmeasurementcriteriaforcompensatedabsencesfolows: GASBStatement16providesthatvacationleaveandothercompensatedabsenceswithsimilarcharacteristicshouldbeacrued asaliabilityasthebenefitsarearnedbythemployesifbothofthefolowingconditionsaremet: A.Themployes'rightstoreceivecompensationareatributabletoservicesalreadyrendered. B.Itisprnbablethathemployerwilcompensatethemployesforthebenefitsthroughpaidtimeoforsomeothermeans, GASBStatement16providesthataliabilityforsickleaveshouldbeacruedusingoneofthefolowingterminationaproaches: suchascashpaymentsaterminationoretirement. A.Anacrualforearnedsickleaveshouldbemadeonlytothextentitisprobablethathebenefitswilresultintermination B.Alternatively,agovernmentalentityshouldestimateitsacruedsickleaveliabilitybasedonthesickleaveacumulatedat payments,ratherthanbetakenasabsencesduetoilnesorothercontingencies,suchasmedicalapointulentsmadfunerals. thebalanceshetdatebythosemployeswhocurentlyareligibletoreceiveterminationpaymentsaswelasother employeswhoarexpectedtobecomeligibleinthefuturetoreceivesuchpayments.thescholboardusesthis Onlythecurentportionoftheliabilityforcompensatedabsencesisreportedinthefund.Thecurentportionistheamount aproachtoacruetheliabilityforsickleave. left:unpaidathendofthereportingperiodthatnormalywouldbeliquidatedwithexpendableavailablefinancialresources. Theremainderoftheliabilityisreportedinthegeneralung-termobligationsacountgroup. K.LONG-TERMOBLIGATIONSLong-teraobligationsexpected'tobef'mancedfromgovernmentalfundsarereported inthegeneralong-termobligationsacountgroup.expendituresforprincipalandinterestpaymentsforlong-termobligations arerecognizedinthegovernmentalfi.mdswhendue. L.FUNDEQUITY ReservesReservesrepresenthoseportionsofundequitylegalysegregatedforaspecificfutureuseandnotapropriable forexpenditures. 13

16 NotestotheGeneral-PurposeFinancialStatements CaidwelParishScholBoard M.INTERFUNDTRANSACTIONSQuasi-externaltransactionsareacountedforasrevenues,orexpenditures. Designatedfundbalancesrepresententativeplansforfutureuseofinancialresources. Transactionsthatconstitutereimbnrsementstoafundforexpendituresinitialymadefromithatareproperlyaplicableto anotherftmdarerecordedasexpendituresinthereimbursingfundandasreductionsofexpendituresinthefiredthatis reimbursed. Alotherinterfundtransactions,exceptquasi-externaltransactionsandreimbursements,arereportedastransfers.Nonrecuring ornonroutinepermanentransfersofequityarereportedasresidualequitytransfers.alotherinterfundtransfersarereported asoperatingtransfers. N.SALESTAXOnApril7,1979,thevotersofCaldwelParishaprovedaonepercentsalesandusetaxtobeleviedbythe CaldwelParishScholBoard.ThesalesandusetaxiscolectedbytheConcordiaParishScholBoardandepositedinthe salestaxspecialrevenuefund. OnJanuary18,197,thevotersofCaldwelParishaprovedaonepercentsalesandusetaxtobeleviedbytheCaldwelParish ScholBoard.ThesalesandusetaxiscolectedbytheConcordiaParishScholBoardandepositedinthesalestaxspecial revenuefund. Theprocedsofsaidtaxes(afterpayingreasonableandnecesarycostsandexpensesofcolectingandadministeringthetax) aretobededicatedandusedtosuplementotherevenuesavailableforthepaymentofsalariesandretirementbenefitsfor certifiedandnoncertifiedemployesofthescholboard. O.MEMORANDUMONLY-TOTALCOLUMNSTotalcolumnsonthegeneral-purposefmancialstatementsare captionedas"memorandumonly"becausetheydonotrepresentconsolidatedfinancialinformationandarepresentedonly tofacilitatefinancialanalysis.thecolumnsdonotpresentinformationthatreflectsfinancialpositionandresultsofoperations inacordancewithacountingprinciplesgeneralyaceptedintheunitedstatesofamerica.interfundeliminationshavenot benmadeintheagregationofthisdata. P.USEOFESTIMATESThepreparationofinancialstatementsinconformitywithacountingprinciplesgeneraly aceptedintheunitedstatesofamericarequiresmanagementomakestimatesandasumptionsthatafecthereported amountsofasetsandliabilitiesandisclosureofcontingentasetsandliabilitiesathedateofthefinancialstatementandthe reportedamountsofrevenuesandexpendituresduringthereportingperiod.actualresultscouldiferfromthosestimates. NOTE2-STEWARDSHIP,COMPLIANCE,ANDACOUNTABILITY ExcesofExpendituresOverApropriationsinIndividualFundsThefolowingindividualfundshadactualexpenditures overbudgetedexpendituresfortheyearendedjune30,201: Fund Generalfund Specialrevenue Scholunch $7,803,605$7,938,806$(135,201) BudgetActualVariance Unfavorable 86,850909,687(2,837) 14

17 CaldwenParishScholBoard NotestotheGenural-PurposeFinancialStatements ActualexpendituresexcededapropriationsasaresultofunanticipatedexpendituresocuringinthemonthofJtmeafterthe lastbudgetrevision. NOTE3-BUDGET/GAPRECONCILIATIONThefolowinginformationreconcilestheamountsontheCombined StatementofRevenues,Expenditures,andChangesinFundBalance-BudgetoActual,totheamountsontheCombined StatementofRevenues,Expenditures,andChangesinFundBalances: Fundbalance(budget) Revenue Localrevenues: Other Statesources Federalsources Expenditures Instruction: Studentransportationservices Debtservice: Principalretirement Interestandbankcharges Otherfinancingsources(uses) Procedsfromsaleofbonds Fundbalance(GAP) General $1,285,37 41,649 2,340 (43,989) (50,709) (35,208) (4,845) 90,762 $1,285,37 Forthegeneralfund,budget/GAPreportingdiferencesarearesultofreclasification.Alcapitaloutlaysandebtservice expenditureswerereportedseparatelyforgapreportingpurposes,butwerereportedintheapropriatefunctionalcategory forbudgetpurposes. NOTE4-LEVIEDTAXESTheScholBoardleviestaxesonrealandbusinespersonalpropertylocatedwithinCaldwel Parish'sboundaries.PropertytaxesareleviedbytheScholBoardonpropertyvaluesasesedbytheCaldwelParishTax AsesorandaprovedbytheStateofLouisianaTaxComision. TheCaldwelParishSherifsOficebilsandcolectspropertytaxesfortheScholBoard.Conectionsareremitedtothe ScholBoardmonthly. PropertyTaxCalendar Milageratesadopted Levydate Taxbilsmailed Duedate Liendate September1,20 September1,20 OnoraboutNovember15,20 December31,20 January1,201 AsesedvaluesarestablishedbytheCaldwelParishTaxAsesoreachyearonauniformbasisathefolowingratiosof asesedvaluetofairmarketvalue: 10%land 10%residentialimprovements 15%industrialimprovements 15%machinery 15%comercialimprovements 25%publicserviceproperties,excludingland Arevaluationofalpropertyisrequiredafter1978tobecompletednolesthaneveryfouryears.Thelastrevaluationwas eompletedfortherolofjanuaryl,20.totalasesedvaluewas$3,68,291incalendaryear20.louisianastatelaw exemptsthefirst$75,0ofasesedvalueofataxpayer'sprimaryresidencefromparishpropertytaxes.thishomestead exemptionwas$10,02,075oftheasesedvaluehacalendaryear20.

18 CaldwelParishScholBoard NotestotheGeneral-PurposeFinancialStatements Statelawrequiresthesheriftocolectpropertytaxesinthecalendaryearinwhichtheasesmentismade.Propertytaxes becomedelinquentjanuary1ofthefolowingyear.iftaxesarenotpaidbytheduedate,taxesbearinterestatherateof1.25% permonthuntilthetaxesarepaid.afternoticeisgiventothedelinquentaxpayers,thesherifisrequiredbytheconstitution ofthestateoflouisianatoseltheleastquantityofpropertynecesarytosetlethetaxesandinterestowed. Alpropertytaxesarerecordedinthegeneral,specialrevenuemaintenancefundsandsinkingfundsonthebasisexplainedin Note1.Revenuesinsuchfundsererecognizedintheacountingperiodinwhichtheybecomemeasurableandavailable. Propertytaxesareconsideredmeasurableinthecalendaryearofthetaxlevy.Estimateduncolectibletaxesarcthosetaxes basedonpastexperiencewhichwilnotbecolectedinthesubsequentyearandareprimarilyduetosubsequentadjustments tothetaxrol.availablemeansdue,orpastdue,andreceivablewithinthecurentperiodandcolectedwithinthecurent periodorexpectedtobecolectedsonenoughthereaftertopayliabilitiesofthecurentperiod.theremainingpropertytaxes receivableareconsideredavailablebecausetheyaresubstantialycolectedwithin60daysubsequentoyear-end. ThetaxrolispreparedbytheparishtaxasesorinNovemberofeachyear.Thecolectionofthe20propertytaxesocurs indecember,andjanuaryandfebruaryofthenextyear.asaresult,nopropertytaxesreceivablefor20taxesisincluded ontheacompanyingbalanceshetbecausenoneisavailablewithin60daysofthescholboard'syear-end. Historiealy,virtualyaladvaloremtaxesreceivablearecolectedsincetheyaresecuredbyproperty.Therefore,thereisno alowanceforuncolectibletaxes. Thefolowingisasumaryofauthorizedendlevied(taxrateper$1,0AsesedValue)advainremtaxes: AuthorizedLeviedExpiration Milag~MilageDate Parish-widetaxes: Constitutional Operations Operations,maintenanceandconstruction Operationsandmaintenance Operations Statutory NOTE5-DEPOSITSANDINVESTMENTSAtJune30,201,theScholBoardhascashandcashequivalents(bok balances)totaling$1,023,868. Depositsarestatedatcost,whichaproximatesfairvalue.Understatelaw,thesedeposits(ortheresultingbankbalances)must besecuredbyfederaldepositinsuranceorthepledgeofsecuritiesownedbythefiscalagentbank.thefairvalueofthepledged securitiesplusthefederaldepositinsurancemustatalthliesequaltheamountondepositwiththefiscalagent.thesesecurities areheldinthenameoftliepledgingfiscalagentbankinaholdingorcustodialbankthatismutualyaceptabletobothparties. Atyear-end,theScholBoard'scaryingamountofdepositswas$1,726,43(including$702,575clasifiedasinvestments) andthebankbalancewas$2,08,830.ofthebankbalance,$37,084iscoveredbyfederaldepositoryinsuranceorby colateralheldbythescholboard'sagentinthescholboard'sname(gasbcategory1).$1,71,746wascolateralized withsecuritiesheldbythepledgingfinancialinstitution'strustdepartmentoragentbutnotinthescholboard'sname(gasb Category3). Eventhoughthepledgedsecuritiesareconsideredunenlateralized(Category3)undertheprovisionsofGASBStatement3, LouisianaRevisedStatute39:129imposesastatutoryrequirementonthecustodialbanktoadvertiseandselthepledged securitieswithintendaysofbeingnotifiedbythescholboardthathefiscalagenthasfailedtopaydepositedfundsupon demand. Investmentsarecategorizedintothrecategoriesofcreditrisk: 16

19 CaldwelParishScholBoard NotestotheGeneral-PurposeFinancialStatements 1.Insuredoregistered,orsecuritiesheldbytheScholBoardoritsagentintheScholBoard'snamẹ 2.Uninsuredandmlregistered,withsecuritiesheldbythecounterparty'strustdepartmentoragentintheScholBoard'snamẹ 3;Uninsuredandunregistered,withsecuritiesheldbythecounterparty,orbyitstrustdepartmentoragentbutnotinthe ScholBoard'sname. Atyearend,theScholBoardinvestmentbalanceswereasfolows: Typeofinvestment Investmentnotsubjectocategorization: Externalinvestmentpol FairCarying ValueAmoBnt NOTE6-RECEIVABLESThebalanceofreceivablesatJune30,201,ishownbelow.TheScholBoardexpectsto colecthefulamount;therefore,noalowancefordoubtfulacountshasbenestablished. ClasofReceivable hrtergovermriental-grants Federal State Localsources Salestax Advaloremtax OtherTotal NOTE7-FIXEDASETSThechangesingeneralfixedasetsfolow Land Buildings Furnitureandequipment Total Balance, Begining $87,538 21,795,979 1,802,340 Special GeneralRevenueTotal $ $532, ,24231,952 9,18124, ,315 $273,145$694,461 Aditions $ 347,173 $347,173 Deletions $- 56,942 $56,942 $532, , ,304 9,18 12,030 $967,606 Balance, EndinE $87,538 21,795,979 2,092,571 $23,976,08 TheScholBoardtokacompletephysicalinventoryfortheyearendedJune30,201,andcompiledacomprehensivelisting ofixedasets. NOTE8-RETIREMENTSYSTEMS PlandescriptionSubstantialyalScholBoardemployesparticipateineithertheTeachers'Reth.ementSystemortheSchol Employes'RetirementSystem(theSystems),whicharecost-sharing,multiple-employerpublicemployerctiranantsystems (PERS).BenefitprovisionsareultimatelyaprovedandamendedbytheLouisianaLegislature. ParticipationintheTeachers'RetirementSystemisdividedintotwoplans-theTeachers'RegularPlanandtheTeachers'Plan A.Ingeneral,profesionalemployes(suchasteachersandprincipals)andlunchromworkersaremembersoftheLouisiana Teachers'RetirementSystem(TRS);otheremployes,suchascustodialpersonelandbusdrivers,aremembersofthe LouisianaScholEmployes'RetirementSystem(LSERS).Generaly,alful-timemployesareligibletoparticipatehathe system. WithrespectotheTeachers'RetirementSystemRegularPlan,normalretirementisatage60withtanyearsofservice,orat anyagewith20yearsofservice.theformulaforanualmaximnretirementbenefitsisgeneralytwopercent(withlesthan

20 NotestotheGeneral-PurposeFinancialStatements CaldwelParishScholBoard 25yearsofservice)or2.5percent(with25ormoreyearsofservice)timestheyearsofcreditableservicetimestheaverage salaryofthe36highestsucesivemonths(plus$30aplicabletopersonsbecomingmemberspriortojuly1,1986). UndertheTeachers'RetirementSystemPlanA,normalretirementisgeneralyatanyagewith30ormoreyearsofcreditable service,atage5withatleast25yearsofcreditableserviceandatage60withatleastenyearsofcreditableservice.the retirementbenefitformulaisgeneralythrepercentimestheyearsofcreditableservicetimestheaveragesalaryofthe36 highestsucesivemonthsplus$24peryearofservice. EmployesparticipatingintheScholEmployes'RetirementSystemareligiblefornormalretirementafter30yearsof service,orafter25yearsofservieatage5oraftertenyearsofserviceatage60.themaximumretirementalowanceis computedat2.5percentimesthehighest36monthsofaveragesalary,timestheyearsofserviceplusasuplementof$2.0 permonthtimestheyearsofservice. BothTRSandLSERSisueanualf'mancialreports.Thereportscanbeobtainedbytelephoningorwritingtothefolowing Teachers'RetirementSystemofLouisiana PostOficeBox94123 BatonRouge,Louisiana LouisianaScholEmployes'RetirementSystem (25) PostOficeBox4516 BatonRouge,Louisiana70804 FundingPolicyEachsystemisadministeredandcontroledathestatelevelbyaseparateboardoftustes,withcontribution (25) ratesaprovedandmnandedbythelouisianalegislature.benefitsofthesystemsareftmdedbyelnployeandemployer contributions.benefitsgrantedbytheretirementsystemsareguarantedbythestateoflouisianaunderprovisionsofthe LouisianaConstitutionof1974.TheScholBoard'semployercoutributionfortheTRS,asprovidedbystatelaw,isfunded bydeductionsfromlocaladvaloremtaxes,andbyremitancesfromthescholboard.forthelsers,thescholboard's employercontributionisfundedthroughanualapropriations. Inadition,themployerdoesnotremitotheTeachers'RetirementSystem,RegularPlanorPlanA,themployer's contributionfortheprofesionalimprovementprogram(pip)portionofpayrol.thepipcontributionismadedirectlytothe RetirementSystembythestateofLouisiana. Contributionrates(asapercentageofcoveredsalaries)foractiveplanmembersasestablishedbytheLouisianaLegislature fortheyearendedjune30,201areasfolows: LouisianaTeachers'RetirementSystem: Regular EmployeEmployer LouisianaScholEmployes'RetirementSystem PlanA 8.0% 9.10% 6.35% 14.20% TotalcoveredpayroloftheScholBoardforTRS-RegularPlan,TRS-PlanA,andLSERSfortheyearendedJune30,201, 0.0% araokmtedto$5,931,637,$105,818,and$60,684,respectively.employercoathutinsfortheyearendedjtme30,20l,and eachofthetwoprecedingyearsareasfolows: 18

21 NotestotheGeneral-PurposeFinancialStatements CaldwelParishScholBoard AnualofArmual TRS Percentage AnualofAunual LSERS Percentage FiscalYearEnded June30,19 ContributionPaid ActuarialyRequired RequiredContributionRequiredContribution ContributionPaid ActuarialyRequired June30,201 $1,013,175 1,026,747 1,064, $37, Anualaetuarialyrequiredcontributionsforeachplanaboveisbasedontheplan'sanualfinancialreportforthatyearexcept fortheyearendedjne30,201.eachanualactuarialyrequiredcontributionfortheyearendedjune30,201,isbasedupon eachplan'sanualfinancialreportfortheyearendedjune30,20,whichisthelatestinformationavailable. NOTE9-OTHERPOSTEMPLOYMENTBENEFITSTheScholBoardprovidescertaincontinuinghealthcareand lifeinsurancebenefitsforitsretiredemployes.substantialyalofthescholboard'semployesbecomeligibleforthese benefitsiftheyreachnormalretirementagewhileworkingforthescholboard.thesebenefitsforetiresmidsimilar benefitsforactivemployesareprovidedthroughthestateemployesgroupinsuranceprogram.thecostofretirebenefits fortheyeartotaled$363,934or19retires. ThecostofbenefitsforcurentemployesarepaidjointlybythemployeandtheScholBoard.TheScholBoard'sportion ofthecostisrecognizedasanexpenditurewhenthemonthlypremiumsaredue. NOTE10-ACOUNTS,SALARIES,ANDOTHERPAYABLESPayablesatyear-endareasfolows: Salaries Special Acounts RevenueTotal Total $242,495$802,939 $321,909$1,526,102 79,414723,163 NOTE1-COMPENSATEDABSENCESAtJune30,201,employesofileScholBoardhaveacumulatedandvested $516,656ofemployeleavebenefits,whichwerecomputedinacordancewithGASBCodificationSectionC60.Thisamount isrecordedwithinthegeneralong-termobligationsacountgroup. NOTE12-LEASES O~eratinoLeasesTheScholBoardleasesequipmentundernoncancelableoperatingleases.Totalcostsforsuchleaseswere $7,820fortheyear.Thefutureminimumleasepaymentsfortheseleasesareasfolows: Fiscalyear: $8,08 4, Totalminhnumfutureleasepayments $!7,236 3, NOTE13-AGENCYFUNDEPOSITSDUEOTHERSAsumaryofchangesinagencyfundepositsdueothersfor theyearfolows:

22 Agencyfunds: Scholactivitiesfund 4-Hscholarshipfund Total CaldwelParishScholBoard NotestotheGeneral-PurposeFinancialStatements Balance, BeginingAditionsReductions $12, $13,495 $501, $502,349 $481, $482d76 Balance, Ending $132, $13,68 NOTE14-GENERALONG-TERMOBLIGATIONSThefolowingisasumaryofthelong-termobligation transactionsfortheyear: Balance,begining Aditions Deductions Balance,ending Workers' Compensation Claims $9,915 28,702 3,613 $5,04 Certificate of Indebtednes $68,0O 290,0 $378,0 Compensated Absences $474,18 230,576 18,108 $516,656 Notes Payab~ $72,89 90,763 35,208 $128,4 TheSeries20,CertificateofIndebtednesoutstandingatJune30,201,intheamountof$378,0,winmatureinanual instalmentsfrom201to206andhasaninterestrateof5%.onenotepayableoutstandingatjune30,201,intheamount of$37,682,hasamaturityin203andaninterestrateof6.54%.theoriginalnotewas$16,253.inoctoberof20,the ScholBoardenteredintoanotepayablecontractopurchasebuses.ThenotepayableoutstandingatJune30,201,inthe amountof$90,762hasamaturityin203andaninterestrateof6.75%. AlprincipalandinterestrequirementsarefundedinacordancewithLouisianalawbytheanualadvaloremtaxlevyon taxablepropertywithintheparish.atjune30,201,thescholboardhasacumulated$36,646inthedebtservicefundsfor futuredebtrequirements.thenotesandbondsaredueasfolows: YearEndingJtme30, Tad No~s Princ~al Payme~s $80,67 47,7 Interest Payments $9,41 7,104 Princ~al Payments $68,0 72,0 76,0 79,0 83,0 *378,0 Intere~ Payments $17,20 13,70 10, ,075 $49,10 ~t~ $175, ,581 86,0 85,125 85,075 $572,059 InacordancewithLouisianaRevisedStatute39:562,theScholBoardislegalyrestrictedfromincuringlong-termbonded debtinexcesof35percentoftheasesedvalueoftaxableproperty.atjune30,201,thestatutorylimitwas$1,790,902 andoutstandingbondedebtotaled$378,0.

23 NOTE15-INTERFUND CaldwelParishScholBoard NotestotheGeneral-PurposeFinancialStatements lnterfundreceivable/payable: ReceivableFund General Subtotal TitleIV JTPAOtherMiscelaneousFunds Total NOTE16-LITIGATIONANDCONTINGENCIES PayableFund ExtendedSumerProgram SpecialEducation TitleI TitleVInovativeEducation TitleI TitleIV Learn JTPA AdultEducation OtherMiscelaneousFunds GeneralFund GeneralFund GenaralFund Amount $93 19,276 93,8 71,051 5,2 5,52 41,698 6,5 13, , , $379,912 LitigationAtJune30,201,theScholBoardwasinvolvedinvariouslitigations.Itistheopinionoflegalcounselforthe ScholBoardthatultimateresolutionoftheselawsuitswouldnotmaterialyafecthefinancialstatements. GrantDisalowancesTheScholBoardparticipatesinanumberofstateandfederalyasistedgrantprograms.Theprograms aresubjectocomplianceauditsunderthesingleauditaproach.suchauditscouldleadtorequestsforeimbursementbythe grantoragencyforexpendituresdisalowedundertermsofthegrants.scholboardmanagementbelievesthatheamountof disalowances,ifany,whichmayarisefromfutureauditswilnotbematerial. UndertheTaxReformActof1986,interestearnedonthedebtprocedsinexcesofinterestexpense priortothedisbursementoftheprocedsmustberebatedtotheinternalrevenueservice(irs).managementbelievesthere isnotaxarbitragerebateliabilityatyearend. NOTE17-RISKMANAGEMENTheScholBoardinitiatedariskmanagementprogramforworkers'compensationin 191.ItjoinedapolofscholboardsinNortheastLouisianainordertoshareworkers'compensationcost.TheSchol Board'shareofriskisdeterminedbycalculatingitspercentageofthetotalmanualpremiumofthegroup.Theriskalocated tothescholboardfortheyearendedjune30,201,was25.94%.premiumsandclaimsarepaidbythegeneralfund. Changesintheclaimsamountinpreviousfiscalyearswereasfolows: Beginingof FiscalYear Liability $7,352 19,971 9,915 Claimsand Changesin E~imates $40,529 18,905 28,702 Benefit Payments andclaims $27,910 28,961 3,613 Endingof FiscalYear Liabi!iW $19,971 9, Anexcescoverageinsurancepolicycoversindividualclaimsinexcesof$160,0.Maximumretentionexposurefor agregateclaimsamountsto$1,0,0.claimspayableof$5,04asofjune30,201,havebenacruedasaliabilityinthe

24 NotestotheGeneral-PurposeFinancialStatements CaldwelParishScholBoard generalong-termobligationsacountgroup.theliabilityatjune30,201,wasprovidedbythethird-partyadministration. Theliabilitydoesnotincludeincrementalcosts. TheScholBoardcontinuestocarycomercialinsuranceforalotherisksoflos.Setledclaimsresultingfromtheserisks havenotexcededcomercialinsurancecoverageinanyofthepasthrefiscalyears. NOTE18-ON-BEHALFPAYMENTSFORFRINGEBENEFITSANDSALARIESOn-behalfpaymentsforfringe benefitsandsalariesaredirectpaymentsmadebyanentity(thepayingagent)toathird-partyrecipientforthemployesof another,legalyseparatentity(themployerentity).gasbstatementno.24requiresemployergovernmentstorecognize revenueandexpendituresorexpensesfortheseon-behalfpayments. ThestateofLouisianamadepensioncontributions(regardingProfesionalImprovementProgram)directlytotheTeachers' RetirementSystemofLouisianaonbehalfoftheScholBoardintheamountof$8,214.Thisamountwasrecognizedastate revenuewithacorespondingexpenditureintheaplicablefundfromwhichthesalarywaspaid. NOTE19-SUBSEQUENTEVENTSTheScholBoardpurchasedthrenewscholbusesonOctober4,201for$59,50 NOTE20-PRIOR-PERIODADJUSTMENTAprior-periodadjustmentintheamountof$271,427wasmadefortheyear endedjune30,201.thisistocorectanerorinrecordinginterfundpayables.prior-periodpayrolexpenseswereoverstated by$271,427andprior-periodliabilitywasoverstated. NOTE21-NEWFUNDSAnewspecialrevenuefundlabeledTitleIVwasadedinthefiscalyearendedJune30,201

25 CaldweUParishScholBoard SALESTAXFUNDThesalestaxfondacountsforthecolectionandistributionofthesalesandusetaxesinacordance SpecialRevenueFunds withthepropositionsaprovedbythevotersofcaldwelparish. andimprovescholfacilitiesintheparish. Themaintenancefundacountsfortheprocedsofadvaloremtaxesleviedtomaintain nutritiousbreakfastandlunchserviceforscholstudentsandencouragesthedomesticonsumptionofnutritiousagricultural comodities. Throughcashgrantsandfodonations,tilescholfodservicefundasistsinprovidinga scholclases. Thisprogramprovidesfinancialasistancetoasistscholboardsinoferingsumer publiceducationtoprescholdisabledchildrenagedthrethroughfiveyears. SPECIALEDUCATION-PRESCHOLGRANTSThesegrantstostatesasistheminprovidingafre,apropriate SPECIALEDUCATION-STATEGRANTSThesegrantstostatesasistheminprovidingafreapropriatepublic educationtoalchildrenwithdisabilities. AWARDOFSTATEFUNDSFORCONTRACTSERVICESThesefluidsprovidefalancialasistanceforcontract MEDICAIDMedicaidprovidesf'mancialasistancetostatesforpaymentsofmedicalasistanceonbehalfofcashasistance servicesforspech,physicalandocupationaltherapy. recipients,children,pregnantwomen,theagedwhometincomeandresourcerequirements,andothercategoricaly-eligible groups. TITLEITitleIimprovestheducationaloportunitiesofeducationalydeprivedchildrenbyhelpingthemsucedinthe regularscholprogram,ataingradelevelproficiencyandimproveachievementinbasicandmoreadvancedskils.itis designedprimarilytoprovideinstructionalactivitiestoeducationalydeprivedchildrenthatresideinlow-incomeareaswho havebenselectedonthebasisofanedsasesment.theseservicesuplement,notsuplant,thosenormalyprovidedby stateandlocaleducationalagencies. andsecondaryeducation. TitleVIasiststateandlocaleducationalagenciesinimprovingelementary Grantsareawardedfor:studentsatriskofailureinschol;instructionalmaterials;schol-wideimprovementsandefective scholprograms;trainingandprofesionaldevelopment;earlyidentificationofchildrenwithreadingdisabilities,personal excelenceofstudentsandstudentachievements;and,inovativenhancementsprojectstotheducationalprogramandclimate oftheschol. CLASIZEREDUCTION(CSR)Thisprogramisdesignedtoimprovethelearningofstudentsbyhiringaditional, highly-qualifiedteachers,toreduceclasizesespecialyinthearlygrades,toenablechildrentoatendsmalerclases

26 CaldwcilParishScholBoard TITLEIThisprogramisdesignedtoimprovetheskilsofteachersandthequalityofinstructioninmathematicsandscience, SpecialRevenueFunds and,toincreasetheacesibilityofsuchinstructiontoalstudents. TITLEIVThisprogramwasdesignedtoestablishstateandlocalprogramsofalcoholandragabuseducationand preventioncordinatedwithrelatedcomunityefol~sandresources. LEARNThelearnprogramprovidesgrantstostateducationagencies(SEAs)onaformulabasistosuporthedevelopment andimplementationofcomprehansivereformplansathestate,local,andscholevelstoimprovetheteachingandlearning ofalchildren.itsuportstopdownmadbotomupreformthroughsubgrantsbyseasof90percentofthesegrantfundsto localeducationagencies(leas)andthroughleastoindividualschols.itsuportsthestablishmentbystatesandlocalities ofhighstandardsintheircorecontentareas.alaspectsoftheducationalprocesarealigned,including,butnotlimitedto asesments,curiculum,profesionaldevelopment,andpre-servietraining. JTPATheJTPA(JobTrainingPartnershipAct)providesjobtrainingandrelatedasistancetoeconomicalydisadvantaged individualsandotherswhofacesignificantemploymentbariers.theultimategoalofjtpaistomovetrainesintopermanent, self-sustainingemployment. Specialemphasisisgiventoprogramsofinstructionincomputationalskilsandinspeaking,reading,orwritingEnglishfor thoseadultswhoareducationalydisadvantaged. STARTINGPOINThisprogramakesgrantsavailabletoasistlow-incomefamilieswithchildcareservices.The purposeoftheprogramistoincreasetheavailability,aftbrdability,andqualityofchildcareandtoincreasefileavailability ofearlychildhodevelopmentandbefore-andafter-scholprograms. throughconcentratingresourcesonimprovingeducationalprogramsleadingtoacademicandocupationalskilsneded BASICGRANTSTOSTATESThepurposeofthesegrantsistomaketheUnitedStatesmorecompetitiveintheworld toworkinatechnologicalyadvancedsociety. economybydevelopingmorefulytheacademicandocupationalskilsofalsegmentsofthepopulation,principaly K-3READINGINITIATIVEThegoalofthisprogramistoimprovethereadingandmathskilsofLouisianapublic scholstudentsinkindergartenthroughthirdgrade. MISCELANEOUSTATE/FEDERALGRANTSTheseincludevariousmalfederalandstategrants.

27 CaldwclParishScholBoard

28 CALDWELPARISHSCHOLBOARD SPECIALREVENUEFUNDS CombiningBalanceShet June30,201 SALES FUND TAXMAINTENANCE SPECIAL FUND SCHOL SERVICEPROGRAM FOD EXTENDED SUMER ASETS Cashandcashequivalents Investments Receivables Interfundreceivables 124,304 15,760$138,915$ 57,349$ Inventory 109,847 5,314 63,809 6,01 2,538 TOTALASETS , LIABILITIESANDEQUITY Liabilities Acounts,salariesandotherpayables Interfundpayable Deferedrevenues 13,078 1,659 52,9t6 0 1, TotalLiabilities 13, , ,764 3,848 2,538 0 EquityFundBalances: Reservedforinventory Unreservedandundesignated 126, , ,253 9,59 O0 TOTALIABILITIESAND FUNDEQUITY

29 ExhibitI EDUCATIONMEDICAIDTITLEIEDUCATIONTITLEITITLEIVLEARN SPECIAL INOVATIVE TITLEVI 24,197 4,738$25,850$10,61$ 150,958 80,089 0$ 5,615 0$ 5,505 0$ 45, ,659 19, ,891 93,8 1, , , , ,569 80,089 5,615 O 5,5 0 45,861 4, O 0 0 O 0 O 0 O 0 O (CONTINUED) 2?

30 CALDWELPARISHSCHOLBOARD SPECIALREVENUEFUNDS CombiningBalanceShet June30,201 ExhibitI OTHER JTPA EDUCATION ADULTMISCELANEOUS FUNDS TOTAL ASETS Cashandcashequivalents Investments 0$ 0$ 10,494$ 364,395 Receivables Interfundreceivables Inventon/ 14, , TOTALASETS 0 17, , ,461 13, LIABILITIESANDEQUITY Liabilities Acounts,salariesandotherpayables Interfundpayable Deferedrevenues 8,31 6,50 13,682 TotalLiabilities 3, ,528 41, , ,35 6,147 EquityFundBalances: Reservedforinventory Unreservedandundesignated ,59 TOTALEQUITY TOTALIABILITIESAND FUNDEQUITY (CONCLUDED)

31 CaldwelParishScholBoard

32 CALDWELPARISHSCHOLBOARD CombiningStatementofRevenues,Expenditures, SPECIALREVENUEFUNDS FortheYearEndedJune30,201 andchangesinfundbalances SALES TAX SPECIALSCHOLEXTENDED REVENUES FUND MAINTENANCEFOD FUNDS SERVICE SUMER PROGRAM Localsources: Taxes: Advalorem Interestearnings Fodservices Salesanduse 1,256,961 9, ,486$0 9,843 Statesources Other 0 12, Federalsources 00 42, , , TOTALREVENUES 1,26, ,010 EXPENDITURES Curent: Instruction: Regularprograms Suportservices: Specialprograms 614,058 Otherinstructionalprograms 198,734 Studentservices Instructionalstafsuport 32, ,010 Generaladministration 45,454 Scholadministration Busineservices 31, ,465 Fodservices Plantservices 27,101 Facilitiesacquisitionandconstruction Studentransportationservices 48,13 10,9090O 85,43 195,969 DebtService: 78, , Principalretirement Interestandbankcharges 65, TOTALEXPENDITURES 1,38, ,028 2, , ,010 0 EXCES(Deficiency)OFREVENUES OVEREXPENDITURES $(72,258)$ 64,16$ 42,271$ 0

33 Exhibit2 EDUCATIONMEDICAIDTITLEIEDUCATIONTITLEilTITLEIVLEARN SPECIAL INOVATIVE TITLEVi , ,060 84, , ,505 05O000 58, , ,060 84,704 10,037 5,505 58,25, 97, , O 73, ,932 2,381 7, ,758 9, , ,178 0O 17, ,132 3, , ,93 O , ,060 84,704 10,037 5,505 58, (CONTINUED)

34 CALDWELPARISHSCHOLBOARD CombiningStatementofRevenues,Expenditures, andchangesinfundbalances SPECIALREVENUEFUNDS FortheYearEndedJune30,201 SALES TAX FUND MAINTENANCEFOD SPECIALSCHOLEXTENDED FUNDS SERVICE SUMER PROGRAM OTHERFINANCINGSOURCES(USES) Operatingtransfersin Operatingtransfersout $ o$ o$ O EXCES(Deficiency)OFREVENUESAND TotalOtherFinancingSources(Uses) 0 O O 0 OTHERSOURCESOVEREXPENDITURES FUNDBALANCESATBEGININGOFYEAR ANDOTHERUSES (72,258) 19,24 178,301 04,10 42, ,541 0 FUNDBALANCESATENDOFYEAR 126,980~ $ 143,8125 O 32

35 Exhibit2 EDUCATIONMEDICAIDTITLEIEDUCATIONTITLEITITLEIVLEARN SPECIAL TITLEVI $ O , (CONTINUED) 3

36 CALDWELPARISHSCHOLBOARD CombiningStatementofRevenues,Expenditures andchangesinfundbalances SPECIALREVENUEFUNDS FortheYearEndedJune30,201 Exhibit2 REVENUES JTPA EDUCATION ADULTMISCELANEOUS OTHER FUNDS TOTAL Localsources: Taxes: Advalorem Interestearnings Salesanduse 0$ 0$ 0$ O 1,256, ,486 Statesources Fodservices Other 0O 0 169,321 31, Federalsources 59, ,560 1, ,580 93~12.3 1,52, ,719 TOTALREVENUES EXPENDITURES Curent: Instruction: Regularprograms Suportservices: Specialprograms Otherinstructionalprograms 59, ,594 O0 18,358 17,545O 648, ,06 735,397 Studentservices Instructionalstafsuport 0 Generaladministration Scholadministration 00 52, ,480 75,48 Busineservices O 81,917 75,465 Fodservices Plantservices Facilitiesacquisitionandconstruction Studentransportationservices ,214 27,101 85,43 DebtService: Principalretirement O0O ,737 Interestandbankcharges O 65,0 2,150 TOTALEXPENDITURES 59,23 46, ,7033,73,816 EXCES(Deficiency)OFREVENUES OVEREXPENDITURES $ 0$ O$ 0$ (CONTINUED) 34,435 34

37 CALDWELPARISHSCHOLBOARD CombiningStatementofRevenues,Expenditures, andchangesinfundbalances SPECIALREVENUEFUNDS FortheYearEndedJune30,201 Exhibit2 OTHER JTPA EDUCATION ADULTMISCELANEOUS FUNDS TOTAL OTHERFINANCINGSOURCES(USES) Operatingtransfersin Operatingtransfersout $ o$ o o$ o o$ o o EXCES(Deficient)OFREVENUESAND TotalOtherFinancingSources(Uses) 0 0 O 0 OTHERSOURCESOVEREXPENDITURES ANDOTHERUSES O 34,435 FUNDBALANCESATBEGININGOFYEAR FUNDBALANCESATENDOFYEAR ,630 (CONCLUDED) 35

38 CaldwelParishScholBoard SCHOLACTIVITIESFUNDTheactivitiesofthevariousindividualscholacomltsareacountedforintheschol AgencyFunds activitiesagencyfired.whiletheacountsareunderthesupervisionofthescholboard,theybelongtotheindividualschols ortheirstudentbodiesandarenotavailableforusebythescholboard. 4-HSCHOLARSHIPFUNDThischolarshipagencyfundisfundedbyvoluntaryemployecontributions.Theproceds areusedtoprovideananualscholarshipforanoutstandingraduate. 36

39 CaldwelParishScholBoard CombiningStatementofAsetsandLiabilities AgencyFunds FortileYearEndedJune30,201 Exhibit3 ActivitiesScholarshipTotal Schol4-H AsetsCashandcashequivalents Liabilities Depositsduestudentgroups 37

40 CaldwenParishScholBoard CombiningStatementofChangesinAsetsandLiabilities AgencyFunds FortheYearEndedJune30,201 Exhibit4 Balance, BeginingAditionsDeductionsEnding Balance, *SCHOLACTIVITIESFUND* AsetsCashandcashequivalents Liabilities Depositsduestudentgroups *4-HSCHOLARSHIPFUND* AsetsCashandcashequivalents Liabilities $841 $510 $60$751 Depositsduestudentgroups,841~ AsetsCashandcashequivalents *TOTAL* ~60o Liabilities Depositsduestudentgroups 38

41 CaldwelParishScholBoard ScheduleofChangesinDepositsDueOthers ScholActivitiesAgencyFund FortheYearEndedJune30,201 Exhibit5 Schol CaldwelParishHigh BeginingAditions.Deductions Balance, Balance, CaldwelParishJuniorHigh $61,653 CentralElementary 15,932 ColumbiaElementary 7,248 $247,983 87,202 GraysonElementary 16,396 4,104 $237,869 90,17 $71,767 Endm~ KelyElementary 6,650 41,756 40,321 13,017 40,975 32, ,875 1,031 1,146 Total $132,917 10,081 39

42 CaldwelParishScholBoard ScheduleofCompensationPaidBoardMembers General FortheYearEndedJune30,201 Exhibit6 ThescheduleofcompensationpaidScholBoardmembersisincompliancewithHouseConcurentResolutionNo.54ofthe 1979SesionoftheLouisianaLegislature.CompensationoftheScholBoardmembersisincludedinthegeneral administrativexpendituresofthegeneralfund.inacordancewithlouisianarevisedstatute17:56,thescholboard membershavelectedthemonthlypaymentmethodofcompensation.underthismethod,eachmemberofthescholboard receives$30permonthandtheexecutivecomitemembersreceive$340permonth. BoardMemb~!: MaryTaylor,President Amount BobFrazier $4,080 BaronGlas 4,080 BarbaraHal 3,60 DrewKeahey C.1LMartin 3,60 JohnMclwain MarkMay 3,60 HershelVolentine MarilynWaren 4,080 TOTAL $37,920 3,60

43 The~A N~wl~rid~tlma~h~Valu~ ALEN,GREN&COMPANY,LP 2414FerarldStret Monroe,LA71201 CERTIFIEDPUBLICACOUNTANTS P.O.Box6075 Monroe,LA Tol-fre:(8) w.alengrencpa.com Phone:(318)38-42 Fax:(318)38~.64 ReportonComplianceandonInternalControlOverFinancial ReportingBasedonanAuditofFinancialStatements PerformedinAcordanceWith BoardMembers CaldwelParishScholBoard Columbia,Louisiana TimGren,CPA MargieWiliamson,CPA SylviaR.Falin,CPA SilarorlK.French.CPA ReginaR.Mekus,CPA ErnestL.Alien.CPA(RVdred) WehaveauditedthefmancialstatementsofCaldwelParishScholBoard,asofandfortheyearendedJune30,201,and haveisuedoureporthereondatedseptember28,201.weconductedourauditinacordancewithauditingstandards generalyaceptedintheunitedstatesofamericandthestandardsaplicabletofmancialauditscontainedingovernment AuditingStandards,isuedbytheComptrolerGeneraloftheUnitedStatesofAmerica. Compliance AspartofobtainingreasonableasuranceaboutwhethertheScholBoard'sfinancialstatementsarefleofmaterial mistatement,weperformedtestsofitscompliancewithcertainprovisionsoflaws,regulations,contractsmidgrants, noncompliancewithwhichcouldhaveadirectandmaterialefectonthedeterminationofinancialstatementamounts. However,providinganopiniononcompliancewiththoseprovisionswasnotanobjectiveofourauditand,acordingly,we donotexpresuchanopinion,theresultsofourtestsdisclosednoinstancesofnoncompliancethatarerequiredtobe reportedundergovernmentauditingstandards. Inplaningmidperformingouraudit,weconsideredtheScholBoard'sinternalcontroloverfmancialreportinginorderto determineourauditingproceduresforthepurposeofexpresingouropiniononthefinancialstatementsandnotoprovide asuranceontheinternalcontroloverfinancialreporting.ourconsiderationoftheinternalcontroloverfinancialreporting wouldnotnecesarilydisclosealmatersintheinternalcontrolthatmightbematerialweakneses.amaterialweaknesis aconditioninwhichthedesignoroperationofoneormoreoftheinternalcontrolcomponentsdoesnotreducetoarelatively lowleveltheriskthatmistatementsinamountsthatwouldbematerialinrelationtothefinancialstatementsbeingauditedmay ocurandnotbedetectedwithinatimelyperiodbyemployesinthenormalcourseofperformingtheirasignedfunctions. Wenotednomatersinvolvingtheinternalcontroloverfmancialreportinganditsoperationthatweconsidertobematerial weakneses.., WenotedamaterinvolvingtheinternalcontroloverfmancialreportingwhichwehavereportedtomanagementoftheSchol BoardinaseparateleterdatedSeptember28,201,includedlaterinthisreport. ThisreportisintendedsolelyfortheinformationanduseoftheBoard,management,federalawardulgagencies,and pas-throughentitiesandisnotintendedtobeandshouldnotbeusedbyanyoneotherthanthesespecifiedparties. Monroe,Louisiana September28,201 AlsoLocatedinJenandShreveport,Louisiana Member:AmericanInstituteofCertifiedPltblicAcountants,SocietyofLouislmCertifiedPublicAcountantsand AmericanInstituteofCetlifiedPublicAcountantsDivlsiolforCPAFins EqualOportunityEmployer

44 N~er~efe~t~eT~ValU~ ALEN,GREN&COMPANY,LP CERTIFIEDPUBLICACOUNTANTS P.O.Box FerandStretMonroe,LA Monroe,LA71201 BoardMembers CaldwelParishScholBoard Columbia,Louisiana ToS-fre:(8SB) w.alengrenepa.com Phone:(318)38-42 Fax:(318) ReportonComplianceWithRequirementsAplicableto EachMajorProgramandonInternalControlOver ComplianceinAcordanceWith TimGren,CPA MargieWiliamson,CPA SylviaR.Falin,CPA SharonK.French,CPA ReginaR.Mekus.CPA ErnestL.Alien,CPA(Retired) Compliance WehaveauditedthecomplianceofCaldwelParishScholBoardwiththetypesofcompliancerequirementsdescribedinthe U.S.OficeofManagementandBudget(OMB)CircularNo.A-13ComplianceSuplementhatareaplicabletoeachof itsmajorfederalprogramsfortheyearendedjune30,201.thescholboard'smajorfederalprogramsareidentifiedinthe sumaryofauditors'resultsectionoftheacompanyingscheduleofmdingsandquestionedcosts.compliancewiththe requirementsoflaws,regulations,contractsandgrantsaplicabletoeachofitsmajorfederalprogramsistheresponsibility ofthescholboard'smanagement.ouresponsibilityistoexpresanopiniononthescholboard'scompliancebasedon ouraudit. WeconductedourauditofcomplianceinacordancewithauditingstandardsgeneralyaceptedintheUnitedStatesof America;thestandardsaplicabletofinancialauditscontainedinGovernmentAuditingStandards,isuedbytheComptroler GeneraloftheUnitedStatesofAmerica;andOMBCircularNo.A-13,AuditsofStates,LocalGovernments,andNon-Profit Organizations,ThosestandardsandOMBCircularNo.A-13requirethatweplanandperformtheauditobtainreasonable asuranceaboutwhethernoncompliancewiththetypesofcompliancerequirementsreferedtoabovethatcouldhaveadirect andmaterialefectonamajorfederalprogramocured.anauditincludesexamining,onatestbasis,evidenceabouthe ScholBoard'scompliancewiththoserequirementsandperformingsuchotherproceduresasweconsiderednecesaryinthe circumstances.webelievethatourauditprovidesareasonablebasisforouropinion.out'auditdoesnotprovidealegal determinationonthescholboard'scompliancewiththoserequirements. Inouropinion,theScholBoardcomplied,inalmaterialrespects,withtherequirementsreferedtoabovethatareaplicable toeachofitsmajorfederalprogramsfortheyearendedjune30,201. ThemanagementoftheScholBoardisresponsibleforestablishingandmaintainingefectiveinternalcontrolovercompliance withrequirementsoflaws,regulations,contractsandgrantsaplicabletofederalprograms.inplaningandperformingour audit,weconsideredthescholboard'shtremalcontrolovercompliancewithrequirementsthatcouldhaveadirectand materialefectonamajorfederalprograminordertodetermineourauditingproceduresforthepurposeofexpresingour opiniononcomplianceandtotestandreportoninternalcontrolovercomplianceinacordancewithombcircularno.a-13. Ourconsiderationoftheinternalcontroloverfinancialreportingwouldnotnecesarilydisclosealmatersintheinternal controloverfinancialreportingthatmightbematerialweakneses.amaterialweaknesisaconditioninwhichthedesignor operationofoneormoreoftheinternalcontrolcomponentsdoesnotreducetoarelativelylowleveltheriskthat noncompliancewithaplicablerequirementsoflaws,regulations,contractsandgrantsthatwouldbematerialinrelationtoa majorfederalprogrambeingauditedmayocurandnotbedetectedwithinatimelyperiodbyemployesinthenormalcourse ofperformingtheirasignedfunctions.wenotednomatersinvolvingtheinternalcontrolovercomplianceanditsoperation thatweconsidertobematerialweakneses. 42 AlsoLocatedinJenandShreveport,Louisiana Member:AroerieanInsfilalteofCertaiedPub[itAeotmtants,SocietyofLouisianaCertifiedPublicAcountantsand AmericanblsftuteofCetOfiedPublicAcountantsDivisionforCPAPhms