LINCOLN PARISH WATERWORKS DISTRICT NO Barham Road Dubach, Louisiana 71235

Transcription

1 .^^52 LINCOLN PARISH WATERWORKS DISTRICT NO Barham Road Dubach, Louisiana TRANSMITTAL LETTER ANNUAL FINANCIAL STATEMENTS January 26, 2011 Mr. Daryl G. Purpera, CPA Louisiana Legislative Auditor 1600 North Third Street P.O. Box94397 Baton Rouge, LA Dear Mr. Purpera: In accordance with Louisiana Revised Statute 24:513, enclosed is an Affidavit and Revenue Certification Form and the annual financial statements for your office, as of and for the year ended December 31, The statements include all funds under the control of this entity. The accompanying financial statements have been prepared on the accrual basis of accounting. Sincerely, Donald Rob'bins, President Enclosures Under provisions of state law, this report is a public document.acopyofthe report has been submitted to the entity and other appropriate public officials. The report is available for public inspection ai the Baton Rouge office of the Legislative Auditor and, where appropriate, at the office of thp parish clerk of court. Release Date

2 Affidavit and Revenue Cerlificafion LINCOLN PARISH WAl KUWORKS DISTRICT NO. 1 Lincoln Parish 141 Bnrham Road Dubach, Louisiana ANNUAL SWORN FINANCIAL STATEMENTS The annual sworn financial statements are required by Louisiana Revised Statute 24:514 to be filed with the Legislative Auditor within 90 days after the close of the fiscal year. k it it k it "h-k it it it it-k it-k ^ i< ii-k it if it if-h it it it it it it'k it i( it it it h-k'k kit it it iii< it'k kit it it'k-kit'it k it i<ir it it if-k-h^ Personally came and appeared before the undersigned authority, Donald Robbius, President, who, duly sworn, deposes and says that the financial statements herewith given present fairly the financial position of Lincoln Parish Watenvorks District No. 1 as of December 31,2010, and the results of operations for the year then ended, in accordance with the basis of accounting described within the accompanying financial statements. U ^Hr^ Donald Robbins, President Sworn to and subscribed before me this oc / /^day of _^,2011. NOTARY NUMBER R. H. Madden, 111, Notary Public Lincoln Parish, Louisiana My Commission Is for life Bar Roll Na ititi*ieitif^ieitititie-k*i{it-/fitit*it*itieit^it*ifiiifitititaaai!*ititifititiiiiitititiiait-ftit-ft**^*icitiiitieitit*i(itititic Officer Name Donald Robbins Address 783 Delia Road; Dubach, LA 71235

3 To the Board of Directors: Lincoln Parish Waterworks District No Barham Road Dubach. LA Edwards, Wade & Perry, CPAs APAC 116 N. Pinecrest Drive Ruston, LA ACCOUNTANTS' COMPILATION REPORT We have compiled the accompanying balance sheet of Lincoln Parish Waterworks District No. 1 as of December 31, 2010, and the related statement of income for the twelve months then ended. We have not audited or reviewed the accompanying financial statements and, accordingly, do not express an opinion or provide any assurance about whether the financial statements are In accordance with accounting principles generally accepted in the United States of America. The owners are responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America and for designing, implementing, and maintaining internal control relevant to the preparation and fair presentation of the financial statements. Our responsibility is to conduct the compilation in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. The objective of a compilation is to assist the owners presenting financial information in the form of financial statements without undertaking to obtain or provide any assurance that there are no material modifications that should be made to the financial statements, During our compilation, we did become aware of two departures from accounting principles generally accepted in the United States of America Ihat is described in the following paragraphs. The management has elected to omit substantially all of the disclosures and the statement of cash flows required by accounting principles generally accepted in the United States of America. If the omitted disclosures and the statement of cash flows were included in the financial statements, they might influence the user's conclusions about the Company's financial position, results of operations, and cash flows. Accordingly, the financial statements are not designed for those who are not informed about such matters. Edwards, Wade & Perry. CPAs APAC Februarys, 2011

4 Lincoln Parish Waterworks District #1 Balance Sheet As of December 31, 2010 ASSETS Current Assets Checking/Savings 102-Cash 103-CTB-RelocatlonAcct 104 Cash-CTB 106 Bank of Ruston CD 107 C/D-BANK OF RUSTON 108 C/D BANK OF RUSTON 110C/DCTB 111 C/D-CTB Dec , Total Checking/Savings Other Current Assets 120 ACCOUNTS RECEIVABLE 4, PREPAID INSURANCE PREPAID MAINTENANCE _ Total Other Current Assets S Total Current Assets Ffxcd Assets 181-LAND BUILDINGS MACHINERY & EQUIPMENT 210, WATER LINE-HWY , WATER LINEON HWY WATER LINE REL Accumulated Depreciation Total Fixed Assets TOTAL ASSETS 700, LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Llabilltios 205 CUSTOMER DEPOSITS 7, PAYROLL LIABILITIES Total Other Current LlabiliHes 8, Total Current Liabilities Long Term Liabilities 240 N/P-URAF , N/P-URAF Total Long Term Liabilities Total Liabilities 308, Equity 293 Retained Earnlngs-RESERVED 194, LA STATE a DPW GRANT STATE 822-DUBACH 65, FmHA NOTE WRITE OFF 12, LA STATE GRANT-MASTER METER Not Income Total Equity TOTAL LIABILITIES 8. EQUITY See accountants* compilation report

5 Lincoln Parish Waterworks District #1 Statement of income and expenses January through December 2010 Jan Dec 10 Ordinary Income/Expense Income 303 WATER REVENUE 305-WATER PENALTIES 307 CONNECTION FEES Total Income Expense AUDIT & LEGAL 620 BAD DEBTS 626 CASUAL UBOR 634 Depreciation Expense 649 Utilities INSURANCE 8. BONDS 662' Miscellaneous Expense 664'Office Supplies 672-CABLE A INTERNET 674 Rent Expense 676 Repairs and Maintenance 681 ' SALARIES SUPPLIES 690 TAXES ON P/R BOOKS, FEES, & LICENSES 694 Travel Expense Total Expense No! Ordinary income Olhor Income/Expense Other Income 720 interest income 730 SAFE WATER FEE INCOME 750 GRANTS - LPPJ Total Otiier Income Net Other income Net Income , , , , , , , , See accountants' compilation report