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Transcription

1 OFFICIAL FIL~ COPy D~-~ :,:~-~ -~-T- (Xerox rm~. ~ '~ T O W N O F PO R T B A R R E, L O U ISIA N A FinancialReport YearEnded Septem ber30, 1999.srloer provisions o~ state law, 1:n lb raper1: is a,oublic docum ~qt. A copy ofthe rc:l~or has be~n subm it. l~(:! ~.o ti!,.-'.,~'-,,,'i.!. ~, :u" rs~jiew ed, e ii.v.:m ri,.-t!;{-'i"~:.{:q. :;'c.p;i:~,;.e public efi:b:im s.,he,:~ị)cjr~is available for pl,)lc sp:~.cfion at lhe Baton Rot~ge o!fice ofthe Legislative Audi - tor arid,w here appropriate, at the ~ffice ofthe parish clerk ofcourt Doloase D ate~5.,~17z.,0 0_.

2 TA BLE O F CON TEN TS Page IndepcndentA uditors'report G EN ERA L PU RPO SE FIN AN C IA L STATEM EN TS (COM BINED STATEM ENTS -OVERVIEW ) Com bined balance sheet-allfund typesand accountgroups Conlbined statenlentof revenues,expenditures,and changes in fire d balances-allgovern m entalfund types Com bined statem entof revenues,expenditures,and changesin fund balances-budget(gaap basis)and actual-allgovernmentalfund types Com parative statem entof revenues,expenses,and changes in retained eam lngs-proprietary fired type Com parative statem entof cash flow s-proprietary fired type N otesto financialstatelr/ents SU PPI,EM FN TA RY IN FO RM ATION mpactofyear2000 on ComputerProgram s(unaudited) 29 SCtlED U LES O F IN D IV IDU A L FUN D S AN D A CCO UN T G RO U PS G eneralfund: Com parative balance sheet Statem entof revenues,expenditures,and changesin fired balance -budget(gaap basis)and actual Statementofrevenuescompared to budget(gaap basis) Statem entof expenditurescompared to budget(gaap basis) SpecialRevenue Funds: Com bining balance sheet C om bining statem entof revenues,expenditures,and changesil land balances Com bfiling statem entof revenues,expenditures,and changes ilfund balances-budget(gaap basis)and actual D ebtservice Funds: Com bining balance sheet Com bininlgstatem entof revenues,expenditures, and changesin fund balances Com bining statem entof revenues,expenditures, and changesin fund balances-budget(gaap basis)andactual

3 TABLE OF CONTENTS (CONTIN UED) Page Enterprise Ftnld: Com parative balance sheet Com parative statem entof revenues,expenses,and changesiu retained earnings Com parative statem entof operating expensesby departm ent Com parative statem entof cash flow s Schedule ofchangesin assetsrestricted forrevenue bond dcbtservice A gency Funds: Com bining balance sheet Com bining statem entof changesin assetsand liabilities-allagency funds G eneralfixed A ssetsaccountg roup: C om parative statem entof generalfixed assets Statem entof changesin generalfixed assets G enerallong-term D ebta ccountg roup Statem entof generallong-term debt CO M PLIAN CE AN D IN TERN A L CON TRO l, Reporton Com pliance and on InternalControloverFinancial on an A t~dltof Reporting Based FinancialStatem entsperform ed in Accordancew ith Governm entauditing Stan 0_.0Ld~ a ReportonCompliancewithReqirementsApplicableto them ajorprogram and InternalControlO vercom pliance in A ccordance w itlo M B CircularA-133 Schedule of federalaw ards N otesto schedule of federalaw ards Schedule of findingsand questioned costs Sum m ary schedule of currentand prioryearauditfindings and corrective action plan O TtlI;R SU PPLEM EN TA RY IN FO RM ATION Scheduleofnum berofutility cnstom ers(unaudited) Com parative departm entalanalysisof revenuesand expenses-enterprise fund Com bined schedule of interest-bearing deposits-allfim ds Scheduleofinsuranceinforce(unaudited)

4 C B~rlon Koldet,CPA RusselF Champagne CPA V,clorS1aven CPA ChrisRainey,CPA Conrad 0 Chapman.CPA P lroycou~ibe CPA A len J LaBry,CPA PonnyAngole$~ugg~ns CPA Mary*f Th~bodeaux. CPA O~alcIm Thlbodea~x Jt CPA Kely M I9ouce~,CPA Konnelh J RaChal,CPA LisaG Spain.CPA K O LD ER,C HA M PA G N E,S LA V EN & RA IN EY,LLC CERTIFIED PUBLIC ACCOUNTANTS P.O.BOX Rue Beauregard Lafayette,LA Phone (337) Fax(337) N DEPEN DEN T AUDITORS'REPORT ~ B SITE KCSRCPAS COM MEMBER OF: AMERICAN INSTITUTE OF CE~RTIFIED PUBLTC ACCOUNTANTS SOCIE1Y OF LOUISIANA CERTIFIED PUBLIC ACCOUNTANTS The llonorable John Fontenot,M ayor and M em bersof the Board of A lderm en Tow n of PortBarre,Louisiana W e have audited the accom panying generalpurpose financialstatem entsof the Town of PortBarre, Louisiana,asof and forthe yearended Septem ber30,1999,aslisted in the table of contents. These general purpose financialstatem ents are tile responsibility of tile Tow n's elected officials. O urresponsibility is to expressan opinion on these generalpurpose financialstatem entsbased on ouraudit. W e conducted ouraudit in accordance w ith generally accepted auditing standards and G overnm ent A uditing Standards,issued by tim Com ptrollerg eneralof the U nited States,and the provisionsof O ffice of M anagem ent and Budget C ircular A -133, "A udits of States, Local G overnm ents and N onprofit O rganizations".those standards require thatwe plan and perform the auditto obtain reasonable assurance aboutw hetherthe generalpurpose financialstatem entsare free of m aterialm isstatem ent. A n auditincludes exam ining,on a testbasis,evidence supporting tim am ountsand disclosures in the generalpurpose financial statem ents. A n auditalso includesassessing the accounting principlesused and significantestim atesm ade by m anagem ent,asw ellasevaluating the overallgeneralpurpose financialstatem entpresentation. W e believe thatourauditprovidesa reasonable basisforouropinion. In ouropinion,,the generalpurpose financialstatem entsreferred to above presentfairly, in allm aterial respects,tile fiuancialposition of the Tow n of PortBarre,Louisiana,as of Septem ber 30, 1999,lad the resultsof itsoperationsand the cash flow sof itsproprietary fund type forthe yearthen ended in conform ity w ith generally accepted accounting principles. In accordance w ith G overnm enta uditing Standards,w e have a] so issued a reportdated D ecem ber22, ]999 on ourcousideration of the "Fo,a,n of PortBarre's internalcontrol overfinancialreporting and ourlests on certain provisionsof itscom pliance w ith law s,regulations,contracts and grants, 234Rilel~eaurtgald Lafayeue.LA phone(337) EastW add~l }234 David[)fi~e, Suite10~ 408W COIOT~Stleet MarksviIle.LA t,iorgancity, LA VilePlaue, LA 7~)586 Phone(318) Phone(504) Phone(337) Fax(318)253-B6gI lax(504)384-~o2d ITax(3)7) W Sixlh A~emlt Oberlm,LA Phone(337) Fax(337) SouthMainSlreet Abbevdle.IA 7051I Phone(337) tax(337)b

5 The accompanying financialinfomlation listed as"supplementary Information" (pages28-77) in the table of contents is presented for purposes of additionalanalysis and is nota required partof the general purpose financial statem ents of the Town of Port Barre, Louisiana. The accom panying schedule of expendituresoffederalawards(page68)ispresentedforpurposesofadditionalanalysisasrequired by U.S. O ffice of M anagem entand BudgetCircularA -133,"A udits of States,LocalGovern m ents and N on-profit O rganizations" and is not a required partof the generalpurpose financialstatem ents of the Tow n of Port Barre,Louisiana. Such inform ation,exceptforthatportion m arked "unaudited",on w hich w e express no opinion,hasbeensubjected to theauditing procednresapplied intheauditofthegez~eralpurposefiuancial statem ents and,in ouropinion,is fairly presented in allm aterialrespects in relation to the generalpurpose financialstatem entstaken asa w hole. The financialinform ation for the preceding year w hich is includcd for com parative purposes w as taken from the financialreportforthatyear in w hich we expressed an unqualified opinion on the general purpose financialstatem entsof the Tow n of PortBarre,l,ouisiana. K older,champagne,slaven & R ainey,ll C Certified Public A ccountants Lafayette,Louisiana D ecem ber22,1999

6 G EN ERA L PUR PO SE FINAN CIA L STATEM ENTS (COM BINED STATEM ENTS -OVERVIEW )

7

8 TO W N O F PO RT BARRE,LOU ISIAN A Com bined Statem erltofrevenues,expenditures, and C hangesin Fund Balances- AllGovernm entalfund Types YearEnded Septem ber30,1999 G eneral Special Revenue D ebt Service Totals (M emorandum Only) Revenues: Taxes Licensesand perm its lntergovernm erltal Finesand forfeits M iscellaneous Totalrevenues $ 92,517 32,123 32, ,177 37, $ 331,883 $ 57,286 2, , ,501 37,716 25, , Expenditures: Current- G eneralgovernm ent Public safety -police H ighw aysand streets Culture and recreation D ebtservice - Principalretirem ent Interestand fiscalcharges Capitaloutlay Totalexpenditures 78, ,392 1,574 2,840 45, ,232 9,184 27,431 6,291 42, ,000 69,854 37,297 88, , , ,000 69,854 45, , , , ,000 75, Excess(deficiency)ofrevenues overexpenditures (74,139) 188,977 (77,791) 37, ,297 Otherfinancing sources(uses): Operating transfersin Operating transfersout Totalotherfinancing sources(uses) 75, , , ,927 (109,479) (1,994) (111,473) (112,927) 75,000 (109,479) 109,479 75, Excessof revenuesand other sourcesoverexpenditures and otheruses , , ,297 Fund balances,beginning 20,801 22, , Residualequity transferin(out) 81,355 (81,355) Fund balances,ending $103,017 $ 202,479 $ 172, 092 $ 477,588 $ The accom panying notesare an integralpartof thisstatem ent

9 TOW N OF PORT BARRE,LOUISIAN A Com bined Statem entofrevenues,expendituresand Changesin Fund Balances Budget(GAAP Basis)andActual- A llgovern m entalfund Types YearEnded September30,1999 Budget GeneralFund Actual Variance. Favorable (Unfavorable) SpecialRevenue Funds Var iance - Favorable Budget Actual (Unfavorable) Revenues: Taxes Licensesand perm its lntergovcm m ental Finesand forfeits M isce laneous Totalrevenues $ 91,947 34,108 36, ,532 34, $ 92,517 32,123 32, ,177 37, $ 570 (I,985) (4,136) (3,355) 3,090 (5,816) $330,739 $331, , ,883 $ 1, Expenditures: Current- G eneralgovernm ent Public safety -police tlighwaysand streefs Cultureand recreation Debtservice - Principalretirem enl Interestand fiscalcharges Capitaloutlay Totalexpenditures 77, ,595 1,400 3,253 37, ,211 78, ,392 1,574 2,840 45, ,232 (997) 3,203 (174) 413 (8,466) (6,021) 10,180 27,815 6,394 9,184 27,431 6, , ,906 1,483 Excess(deficiency)of revenuesoverexpe nditures (62,302) (74,139) (I1,837) 186,350 2,627 Otherfinancingsources(uses): Operating transfersin O perating transfersout Totalotherfinancingsources(uses) 50, ,000 25, (112,606) (112,606) (109,479) (109,479) 3, Excess(deficiency)ofrevenues an d othersourcesover expe ndituresan d otheruses (12,302) 861 3,163 73,744 79,498 Fund balances,beginning 20,801 20,801 22, Residualequity tran sferin (out) 81,264 81, Fund balances,ending $ $ $196,725 $202,479 Theaccompanying notesare an integralpartofthisstatem ent. 7

10 udgcl Actual Variance - Favorablc (Unfavorable) $ 57,286 $ (442 2, ,220 59,506 (5 ( ,000 69, ,000 69,854 37,297 2,606 2,606 11,473 (1,994) (I,133) (1,994) (3,127) 34, ,759 (81,264) 31,688 (3,205) 221,759 (81,355) (91) $ $172,092

11 TO W N O F PO RT BA RRE,LO U ISIAN A Com parative Statem entof Revenues,Expenses,and Changesin Retained Earuings- Proprietary Fund Type YearsEnded Septem ber30,1999 and O perating revenues: Chargesforservices- Gassales W atersales Sew erage charges Connection cbarges M iscellaneous Totaloperating revenues $ 194, , ,149 4,620 21, ,512 $ 225, , ,374 5, O perating expenses: G asdeparlm en! W aterdeparlm cnt Sew erage departm ent G eneraland adm inistrative Depreciation Totaloperating expenses O perating incorne N onoperating revenues(expenses): G ain on disposalof asset Interestincom e Interestarid fiscalcharges Totalnonoperating expenses lncom e before operating transfers O perating transfersout N etirrcom e A dd: D epreciation of fixed assetsacquired by fuudsexternally restricted forcapitalacquisitionsand construction that reducescontributed capital- Federalgrantrevenues State grantrevenues F'arish grantrevenues 77,195 99,611 18,568 45, , , , ,957 59, , ,536 (24,783) (11,595) (22,552) (10,059) 88,967 (75,000) 135,067 (15,000) 3, ,067 28,591 1, ,418 1, nerease in retained earnings Retained earnings(deficit),beginning 44,678 (111,123) 133,605 (244,728) Retained earnings(deficit),ending $ (66,445) $(111,123) The accom panying notesare an integralpartof thisstatem ent. 9

12 TO W N O F PO I~.T BA RR[:,LO U ISIAN A Com parative Slalem em of Cash Flows Proprietary Fund Type YearsEnded September30,1999 and 1998 Enterprise C ash flow s fiom operating activities O perating incom e Adjustmentsto reconcileoperating income to netcash provided by operating activities- Increase(decrease)inprovisionforuncollectibleaccounts Depreciation G ain on sale ofproperty Amortization ofbond issue costsand deferred losson refimding Changesin currentassetsand liabilities: Increase in accountsreceivable (Increase)decreaseinotherreceivables Increase(decrease)inaccountspayable Increase(decrease)in contractsand retainagepayable Increase in deferred revenue Increase(decrease)in otherliabilities Totaladjustments N etcash provided by operating activities $ 111,519 2,638 96, ,219 (5,399) 267,745 8, ,331) 25, , $ 145,126 19,014 65,610 1,216 (13,860) (273,953) (87) 262,331 (617) Cash flowsfrom noncapitalfinancing activities O perating transfersoutto otherfunds Cash flow sfrom capitaland related financing activities A cquisition of capitalassets Principalpaid on revenue bond m aturities Paym entto advance refund debt Interestand fiscalchargespaid on revenuebonds Bond issue costspaid Proceedsfrom m eterdeposits Refund of m eterdeposits Proceedsfrom issuance of revenue refunding bonds Proceedsfrom federalgrant N etcash used by capitaland related financing activities Cash flow sfrontinvesting activities: Purchase of investm ents Proceedsfrom m aturitiesof investm ents Interestreceived on interest-bearing deposits Netcash provided(used)by investing activities (75,000) (15,000) (650,171) (11,032) (124,800) (3L450) (3,307) 11,345 (11,759) 103, ,333 (1,495,196) (10,000) (15,031) (27,713) II,000 (10,604) 652, ,284 (100,841) (25,260) (18,767) 17, (17,839) 16,027 1,536 (276) 0 (continued)

13 TO W N O F PO RT BA RRE,LO U ISIA N A ComparativeStatementofCashFlows(Cominucd) Proprietary Fund Type YearsEnded Septem ber30,1999 and 1998 Enterprise N etincrease in cash and cash equivalents Cash and cash equivalents,beginning of period $ 71, ,222 $164, ,978 Cash and cash equivalents,end of period $ 475,976 $404,222 Reconciliation of cash and cash equivalentsper statem entof cash flow sto the balance sheet: C ash and cash equivalents,beginning of period - Cash -unrestricted Cash -restricted Interest-bearing deposits -restricted Less: Certificatesof depositw ith a m aturity overthree ruonthsw hen purchased Totalcash and cash equivalents $ 291,740 89, $147,308 70,220 39,377 (17,839) 0 6,927) 404, ,978 Cash and cash equivalents,end of period - Cash -unrestricted Cash -restricted Interest-bearing deposits-unrestricted Interest-bearing deposits-restricted Less:Certificates of depositw ith a m aturity overthree m onthswhen purchased Totalcash and cash equivalents 193,648 67, ,420 33,273 (18,767) , ,913 (17,839) 404,222 N etincrease $ $164,244

14 TO W N O F PO RT BA P.RE,LO U ISIAN A N oles to Fh]aneialStatem ents Stm unarv of SimfificantA ccountine Policies "lhe Town ofportbarre(town)wasincorporated undertile provisionsoftile l~awrason Act, The Tow loperatesunderthe M ayor-board of A lderm eu form of govem nm nt. The Town com plies with Generally Accepted Accounting Principles(GAAP). Tile Town's reporting entity applies al relevant Governm ental Accounting Standards Board (GASB) pronouncements. TIm Proprietary Fund applies Financial Accounting Standards Board (FASB) prououncem entsand Accounting PrinciplesBoard (APB)opinionsissued elorbeforenovem bcr30, 1989 unlessthose pronomm cm entsconflictw ith orcontradictg A SB pronouncenlcnts, in w hich ease, G A SB prevails. Such accounting and rcporting procedures also conform to tim requirem ents of Louisiana P,evised Statutes 24:517 and to tile guidessetforth in tile industry auditguide, A udits of Slate and l,ocalg overnm entalu nits. Tile follow ing isa sum lnary of certain significantaccotm ting policies "]'his report includes allflm ds and account groups w hich are controlled by or dependcn!on the 3own executive and legislative branches(the M ayorand Board of A ldcm m n). Controlby ordependence on thc Tow n was determ ined elthe basis of budgetadoption,taxing authority,authority to issue debt,election or appointm entof gow :rning body,and othergeneraloversightresponsibility. T he accom panying financialstatenlcnts presenttile Tow n's prim ary goverlnnenl finallcialstatcm eltsonly. There are no eonlponentunitsoverw hich the Tow lexercises significantinfluence. B. Fund A ccountin~ The accounts of tile Tow n are organized e l tile basis of funds and account groups,each of w hich is considered a separate accounting entity. The operations of eacb fire d are accounted forw ith a separate setof self-balancing accountsthatcom prise its assets, liabilities, fund equity, revenues, and expenditures, or expenses, as appropriate. G overnm ent resources are allocated to and accounted for in individual fundsbased upon the purposesforw hich they are to be spentand the m eansby w hich spending activities are controlled. The various funds are grouped, in the financial statem entsin thisreport,into three fund typesand five generic flm dsasfollow s: G overnm entalfund Types - The G eneral Fund is the general operating fund of tile Tow n. It is used to accountfor alli']nalcialresources excepl those required to be accounted forin another fund. 2

15 TO W N O F PO RT BA RRE,LO U ISIAN A Notesto FinancialStatements(Continued) SpecialreveJ)ue fim ds Specialrevenue funds are used to accountforthe proceeds of specific revenue sources(otherthanmajorcapitalprojects)thatarelegally restrictedto expendituresfor specific purposes. D ebtservice funds D ebtservice flm dsarc used to accountforthe acctmm lation of resourcesfor,and tbe paym entof,genera/long-term debtprincipal,interest,and related costs. Proprietary Fund Type - "fhei';nterprisefund isused to accountforoperations(a)thatare financed and operated in a m annersim ilarto private business enterprises - w here the intentof the governing body isthattim costs(expenses,inchlding depreciation)ofproviding goods or services to the general public on a continuing basis be financed or recovered prim arily through user charges;or(b) where the governing body has decided that periodic determ ination of revenues earned,expenses incurred, and/or net incolne is appropriate forcapitalm aintenance,public policy,m anagem entcontrol,accountability, orotherdurposes.the Tow n ofporlbarre'senterprise Fund isthe Utility Fund. Fiduciary Fund Type A ge,)cy fim ds A gency funds are used to accountforassets held by tim Tow n as an agentfor otherlands. Agency flmdsare custodialin nature (assetsequalliabilities)and do not involve nleasurem entof resultsof operations. C. B asisof A ccountinp~ Basis of accounting refers to w hen revenues and expenditures or expenses arc recognized in tile accountsand reported in the financialstatcm ents. Basisof accounting relates to the tim ing of the m easurem ents m ade,regardless of the m easurem ent focus applied. 13

16 TO W N O F PO RT BARRE,LO U ISIAN A Notesto FinancialStatements(Continued) A ll governm ental and fiduciary fim ds are accounted for using tile m odified accrual basis of accounting. Their revenues arc recognized w hen they becom e m easurable and available as net current assets. (3ross receipts and sales taxes are considered "m easurable" w hen collected and are recognized as rcvenue at that tim e. A nticipated refim ds of such taxes are recorded as liabilities and rednctions of revenue w hmx they are m easurable and their validity seem s certain. A d valorem taxes are recognized asrevenue in the yearforw hich budgeted,thatis,in the yearin which snch taxesarebiledandcollected.othermajorrevenuesthatareconsideredsusceptibleto accrualinclude earned grantrevenuesaud otherintergovernm entalrevenues,chargesfor servicesand intereston deposits. Licensesand perm its,and finesare recognized w hen receivedbecausethey arenotobjectively measurable. Expenditures are generally recognized under the m odified accrual basis of nccountilg w hen tile related fund liability is incurred,exceptthataccum ulated unpaid vacation and sick pay are notaccrued and principaland intereston gencrallong-term debtare recognized w hen due. Purchasesof variousoperating suppliesare regarded as expeudituresattile tim e purchased. The proprietary fired is accounted for using the accrualbasis of accounting w hereby revenues are recognized w hen they are earned and expenses are recognized w hen incurred. U nbillcd utility service receivables, resulting from utility services rendered between the date of m eterreading and billing and the end of the m onth,w ere estim ated and notrecorded atyear end. In the opinion of the adm inistration,such am ountshave no m aterialeffecton the fairnessof the financialstatem ents. D. Budaetsand Budgetary Accounting TheTown followsthese proceduresin establishing the budgetary data reflected in tile financialstatem ents: Tbe Tow n C lerk preparesa proposed budgetand subm its itto the M ayor and Board of A lderm en forthe fiscalyearno laterthan fifteen daysprior to the beginning of each fiscalyear. A sum m ary of tile proposed budgetis published and the public notified thatthe proposed budget is available for public inspection. A tthe sam e tim e,a public bearing is called. A public hearing is held on tim proposed budgetat leastten days after publication of the callfortile bearing. A fter tile holding of the public hearing and com pletion of all action necessary to finalize and im plementthe budget,the budget is adopted through passage of an ordinance priorto the com m encem entof the fiscal yearforw hich the budgetisbeing adopted.

17 TO W N O F PO RT BA RRE,LO U ISIAN A Notesto FinancialStatements(Continued) Budgetary am endm ents involving the transfer of flm ds from one departm ent, program or flmction to another or involving increases in expendituresresulting from revenuesexceeding am ountsestim ated require tile approvalof the Board of M dennen. 6 7 A llbudgetary appropriationslapse attheend of each fiscalyear Budgets for allfunds are adopted on a basis consistentw ith generally accepted accounting principles (GAAP). Budgeted amounts are as originally adopted or as am ended by the Board of A lderm en. Such am endm entsw ere notm aterialin relation to the originalappropriations. nterest-bearine Det~os Interest-bearing depositsare stated atcost,w hich approxim atesm arket. F. Short-Term lnterflm d Receivable/Payables D uring tile course of operations,num eroustransactionsoccurbetw ceu individual fim ds for goods provided or services rendered. These receivables and payables are classified as"d ue from otherfunds"or"d ue to otherfuuds"on the balance sheet. G. Fixed A ssetsand Lone-Term Liabilities The accounting and reporting treatm entapplied to the fixed assetsand long-term abilitiesassociated w ith a fund are determ ined by itsm easurem entfocus. A ll governm entalfunds are accounted for on a spending or "financial flow " m easurenlentfocusand only currentassetsand currentliabilitiesare generally included on theirbalauce sheets. Fixed assetsused in governmentalfund typeoperations(generalfixed assets)are accotm ted for in tile G enera/ Fixed A ssets Account G roup and are recorded as expenditures in the governm entalfire d types when purchased. The Tow n has elected not to capitalize public dom ain ("infrastructure") fixed assets consisting of certain im provem ents otherthan buildings,including roads,bridges,curbs and gutters,streets and sidewalks,drainage system s,and lighting system s. N o depreciation has been provided on generalfixed assets. A llfixed assetsare stated athistoricalcostorestim ated historicalcostif actual historicalcost is notavailable. D onated fixed assets are stated attheir estim ated fair value on the date donated. Estim ated am ountsare im m aterialin relation to totalfixed assets. Long-term liabilities expected to be financed from govermnental fimds arc accounted forin the G enerallong-term DebtAccountG roup. A ll proprietary funds are accounted for on a cost of services or "capital mainteuance"measurementfocus,and allassetsand alliabilities(whethercurrentor noncurrent)associated with theiractivity are included on theirbalancesheets.

18 TO W N O F PO RT BA RRE,LO U ISIAN A Notesto FinancialStatements(Continued) G assystem and extensions W atersystem and extensions Sew erage system and extensions Eqnipm ent O ffice equipm ent 0-50 years 0-50 years 0-50 years 4-10 years 10 years tl. Bad D ebts U ncollectible am ountsdue forad valorem taxesand custom ers'utility receivables are recognized as bad debts through the establishm entof an allow ance accountattbe tim e inform ation becom es available w hich w ould indicate the uncollectibility of the particularreceivable. V acation and Sick Leave V acation and sick leave are recorded asexpendituresof tile period in w hich paid. Sick leave isearned atfifteen daysperyearand doesnotvestoraccum ulate. V acation m ustbe taken in the yearaccrued and cannotbe carried over. J. Encunlbranees K. Fund Equit~ The specific reservation of the fund balance accountsare sum m arized below Reserve fordebtserv ice

19 TO W N O F PO RT BA RRE,LO U ISIAN A Notesto FinancialStatements(Continucd) L. Statem entof Cash Flow s For purposes of the statem entof cash flow s,the Enterprise Fund considers all highly liquid interest-bearing deposits w ith a m aturity of three m onths or less w hen purchased to be cash equivalents. M nd Issuance Costsand D eferred Losson Early Retirem entof D ebt Bond issuance costs and tile deferred losson early retirem entof debtare being am ortized overthe life of the bond issue using the straight-line m ethod. N. Capitalization of lnterestext~ense It is the policy of the Tow n of Port Barre to capitalize m aterialam ounts of nterestresulting from borrow ingsin the course of the construction of fixed assets. D uring the fiscal year ended Septem ber 30, capitalizedontilew astewatertreatmentfacility project. 1999, $12,225 of interest was O. Com parative Data P TotalColum nson Com bined Statem ents-overview Q. PriorYearReclassification Certain previously reported am ounts have been reclassified to enhance com parability w ith 1999 repotclassifications.

20 TO W N O F PO RT BA RRE.LO U ISIAN A Notesto FinancialStatements(Continued) (2) Cash and lntercst-bearina Denosits Understate law,the Town m ay depositftmds w ithin a fiscalagentbank organized underthe law s of tile State of Louisiana,the law s of any otherstate in the U nion,orthe law s ofthe U nited States. The Tow n m ay invest in certificates and tim e deposits of state banks organized under Louisiana law and nationalbankshaving principalofficesin Louisiana. AtSeptem ber30,1999,the Town hascash and interest-bearing deposits(book balances)totaling $974,539,asfollows: Dem and deposits M oney m arketinterest-bearing Certificatesof deposit $557,406 97, Tola $974,539 These depositsare stated atcost,w hich approxim atesm arket. Understate law,these deposits (or the resulting bank balances) m ust be secured by federaldeposit iusurance or the pledge of securitiesow ned by the fiscalagentbank. The m arketvalue of the pledged securitiesplusthe federal depositi~surar~ce m ustatalltim es equaltl~e am ou~totxdepositsvitl~the fiscalaget~tbatik, These securitiesare held in the nam e of the pledging fiscalagentbank in a holding orcustodialbank thatis m utually,~cceptable to both parties.the bank balancesare categorized below to give an indication of the levelof risk assum ed by the Tow n atseptem ber30,1999.category 1includesbank balancesthat are insured orcollateralized w ith securities held by the entity or by its agent in the entity's nam e. Category 2 includes bank balances that are collateralized w ith securities held by the pledging financial institution's trust departm ent or agent in the entity's nam e. Category 3 includes bank balancesthatare collateralized w ith securitiesheld by the pledging financialinstitution,orby itstrust departm entoragentbutnotin the entity'sname. Depositbalances(bank balances)atseptember30, 1999.are asfollow s: Bank balances $ 990,322 A tseptem ber30,1999,the depositsare secured asfollow s Federaldepositinsurance Pledged securities{category 3) Tota 500, ,322 $ 990,322 Even though the pledged securitiesare considered uncolateralized (Category 3)Louisiana Revised Statute 39:1229 im posesa statutory requirem enton the custodialbank to advertise and sell the pledged securitiesw ithin 10 daysof being notified by the Tow n thatthe fiscalagenthasfailed to pay deposited fundsupon dem and. 8

21 TO W N O F PORT 13A RRE,LO U ISIAN A Notesto FinancialStatements(Continued) (3) A d V alorem Taxes Forthe year ended Septem ber30, 1999,taxes of m ills w ere levied on property w ith assessed valuationstotaling $3,727,102 and werededicated asfollows: G eneralcorporate purposes Debtservice 7.12 m ills 5.22 m ills Totaltaxeslevied were$83,264.taxesreceivable(including interestand penaltiesreceivable) atseptem ber30,1999 consisted of the follow ing: Totalreceivable A llow ance foruncollectibles N etreceivable $ 13,784 12,577 $ 1,207 (4) erfnnd Receivables/Pavables G eneralfund Specialrevenue funds: 1966 SalesTax Fund 1996 SalesTax Fund D ebtservice funds: StreetInprovem entbondsfund 1996 SalesTax BondsFund Enterprise Fund A ngency Funds: PayrollFund D isbursem entfund lnterfund Receivables $ 1, ,929 1,685 3,000 6, lnterfund Payables $ 7,592 22,934 3, $ 36,354 $ 36,354 9

22 TO W N O F PO RT BA RRE,LO U ISIAN A Notesto FinancialStatements(Continued) (5) LeaseAgreement D uring July,1999,the Tow n leased a building to PortBarre A pparel. The lease hasa five year term w ith the option to lease tile property foraladditionalfive yearterm. Rentiltile am onntof $2,500 isdue oilthe firstday of each m onth. Daring fiscalyearended Septem ber30, 1999,a totalof $7,500 wasreceived and recorded in thegeneralfund. (6) D eficitsin IndividualFund Tilefollow ing fund reflectsa deficitfire d equity atseptem ber30,1999: Enterprise Fund: Utility Fund $ 66,445 Itisanticipated thattile above deficitisto be funded by excessrcveauesin subsequentperiods (7) Restricted Assets-Proprietary Fnnd Type Restricted assetsw ere applicable to the follow ing atseptem ber30, 1999 and 1998 Revenue bond sinking fund Revenue bond reserve fund Capitaladditionsand contingenciesfire d Custom ers'deposits 1999 $ 18,085 12,952 27, $ 24,677 25,374 36, $100,675 $ 130,32 (8) Chanuesin Fixed A ssets A sum m ary of changesin generalfixed assetsfollow s Land Bnildings Im provem entsotherthan buildings Equipm ent Balance 09/30/98 A dditions D eletions $ 83,548 $ 3,495 $ - 1,113, , ,946 24,082 17,912 1,806 Balance 09/30/99 $ 87,043 1,113, , ,052 Totalgeneralfixed assets $2,097,695 $ 45,489 $ 1,806 $2,141,378 20

23 TO W N O F PO RT BA RRE,LO U ISIAN A Notesto FinancialStatements(Continued) A sum m ary of proprietary fund type property,plantand equipm entat Septem ber 30, 1999 follow s: Land G assysleln and extensions W atersystem and extensions Sew erage system and extensions W aslew alertreatm entfacility Eqnipm ent O ffice equipm ent Total Less: A ccum ulated depreciation $ 15, ,697 1,104,071 1,332,179 2,374,143 60,134 26,580 5,702,096 (1,648,331) N etproperty,plantand equipm ent $ (9) Chancesin Lone-Term Deb The follow ing isa sum m ary of bond and certificate transactionsof the Tow n forthe yearended Septem ber30,1999: G eneral O bligation Revenue Bondsand certificatespayable at Septem ber30,1998 Bondsand certificatesissued Bondsand certificatesretired $1,132,000 67,000 $782, , ,032 $1,914, , ,032 Bondsand certificatespayable at Septem ber30,1999 $1,065,000 $753,968 $1,818,968 2

24 TO W N O F PO RT 13A RP,F,LO U ISIAN A Notesto FinancialStatements(Continued) Bonds and certificates payable at Septem ber 30, ndividualissues: 1999 are com prised of the follow ing G eneralobligation bondsand certificatesofindebtedness: $125,000 Street hnprovement bonds dated 1/1/87; due in annual installm entsof $5,000 to $10,000 through January 1,201I;interestat6.9 to 7.4 percent;secured by levy and collection ofad valorem taxes $ $900,000 Sales Tax Bonds,Series 1996;due in annualinstallm ents of $20,000 to $75,000 through M ay 1,2017;interestat5.1to 9.0 percent; secured by a dedicated 1.2% salestax $200,000 Certificates of Indebtedness, Series 1996, due M ay I and N ovem ber I of each year,begimfing N ovem ber 1, 1997 througl~m ay I, 2006;interestat5.5 percent;secured by excessannualrevenues G eneralobligation bondspayable $1,065,000 Revenue bonds $103,000 Utility Revenue Bonds, Series 1998 dated 11/30/98 due in annualinstallm ents of $10,000 to $I6,000 through Decem ber 1, 2006; interestat5.0 percent $ Less: U nam ortized bond issuance costs U nam ortized losson early retirem entof debt N etw aterrevenue bondspayable (2,679) (7,523) 92,798 $652,000 Sewer revenue bonds dated 07/01/98 due in m onthly instalhnents of $2,960 beginning August 1,1999 through July 1, 2038; interestrate at4.5percent $ 650, 968 Less: U nanlortized bond issuance costs N etsew errevenue bondspayable Totalnetutility revenue bondspayable (28,757) $622,21 $ 715,009 22

25 TO W N O F PO RI"BA RRE,LO U ISIAN A Notesto FinancialStatements(Continued) Tile annualrequirem entsto am ortize alldebtoutstanding asofseptem ber30, 1999,includiug nlerestpaym entsof$1,353,903,are asfollows: Y earending Septem ber30 General O bligation Revenue ( , , , , , , ,421 48,946 52,396 51, , , , , , , , , , , , , , , , , , Totals $1,670,374 $1,502,497 $3,172,87 (1o) D edication and Restriction of Proceedsand Flow of Fuuds-Salesand U se Taxes The Tow n leviestw o salestaxesasfollow s U nderthe term sof the bond resolution,tile proceedsof the speciali% salesand use tax are deposited w ith the Tow n's fiscalagentbank in a salestax fluid. A fterthe paym entof allreasonable and necessary costsand expensesof collecting the tax, $1,000 isretained in the salestax fund foroperating expenses. Proceeds of a % sales and use tax levied by tile Tow n of PortBarrc (1999 co lections$182,724;1998$185,153)isdedicated forconstructing, m aintaining and im proving public streets.

26 TO W N O F PO RT BA RRE,LO U ISIAN A Notesto FinancialStatements(Continued) U nderthe term sof the bond resolution,each m onth,there w illbe setaside into an accountcalled the "SalesTax Sinking Fund"an am ountconstituting 1/12 of the next m aturing installm entof principaland 1/6 of the nextm aturing installm entof intereston the outstanding bonds. Such transfers shallbe fully sufficient to assure the prom pt paym entof principaland interestinstalhnentsasthey becom e due and m ay be used only forsuch paym ents. There shallalso be setaside inlo a "SalesTax Bond Reserve Fund" an initialdepositof$79,425,thusaccum ulating in the reserve accountan am ountequal to the lesser of the highest com bined principal and interest requirem ents in any succeeding fiscalyear. Such am ouuts m ay be used only forthe paym entof m aturing bondsand intcreston the aforesaid bondsforw hich sufficientfundsare noton deposit in the Revenue Bond Sinking Fund and asto which there w ould otherw ise be default. Flow of Funds:Restrictionson U se -LJtilitiesRevenues A. Underthe term sof the bond indenture on outstanding Public Utility Bondsdated November30,1986,alincomeand revenues(hereinafterreferred to asrevenue)of every nature,earned orderived from operation ofthe Utility System,are pledged and dedicated to the retirem entof said bonds,and are to be setaside into the follow ing specialftm ds: Each m onth,there w illbe set aside into a fire d called the "t3ond and Interest Sinking Fund"an am ountconstituting 1/12 of the nextm aturing installm entof principal and 1/6 of the next m aturing installm entof intereston the outstanding bonds. Such transfersshallbe fldly sufficientto assure the prom ptpaym entof principaland interest installm entsasthey becom e due and m ay be used only forsuch paym euts. There shall also be set aside into a "Bond Reserve Fund" the initial sum of $10,000. The m oney in the Reserve Fund shallbe retained solely forthe purpose of paying the principaland intereston the bondspayable from the Sinking Fund asto w hich there w ould otherw ise be default. Each m onth,a sum at leastequalto 5% of the gross revenues of tile Utilities System Fnnd forthe preceding m onth shallbe deposited into a "Utility D epreciation and Contingency Fund",provided thatsuch sum is available afterprovision ism ade forthe funds required to pay all reasonable expenses of adm inistration, operation and m aintenance of the utility system and the funds required by the Sinking Fund and Reserve Fund. M oney in thisfire d m ay be used forthe m aking of extraordinary repairs or replacem ents to the system w hich are necessary to keep the system in operating condition and forw hich m oney isnotavailable asa m aintenance and operation expense. M oney in thisfund m ay also be used to pay principalorintereston the bondsfalling due atany tim e there isnotsufficientm oney forpaym entin the otherbond fim ds. A llof tile revenuesreceived in any fiscalyearand notrequired to be paid in such fiscalyearinto any of the above noted fim dsshallbe regarded as surplusand m ay be used forany law fulcorporate purpose. The Tow n of PortBarre w asin com pliance w ith allsignificantlim itationsand restrictionsin thisindenture atseptem ber30,1999.

27 TO W N O F PO RT BA RRE,LO UISIAN A Notesto FinancialStatements(Continued) B U nderthe term sof the bond indenture on outstanding Public Utility Bondsdated July 1,1998,allincomeand revenues(hereinafterreferred to asrevenue)ofevery nature, earned orderived from operation of the Utility System,are pledged and dedicated to tile retirem entof said bonds,and are to be setaside into the follow ing specialfunds: Each m onth,there w illbe setaside into a fund called tile "SewerRevenue Bond and InterestSinking Fund"$2,445tbrough June20,1999 and $2,960 thereafterin such a m anner as to accum ulate in such fire d the am ounts payable on tile bonds payable therefrom on any interestpaym entdate. Such transfersshallbe fully sufficientto assure the prom ptpaym entof principaland interestinstallm entsasthey becom e due and m ay be used only forsuch paym ents. There shall also be set aside into a "Sewer Revenue Bond Reserve Fund" m onthly paym ents equalto 5% of tile principalpaym ents being m ade into the Sinking Fund untilan am oumtequalto the highestcom bined principaland interestrequirem ents forany succeeding yearon the bonds. The "Sew er Depreciation and Contingency Fund" is established to care for extensions,additions,im provements,renewals and replacem ents necessary to properly operate the system,and isto be funded in m onthly installm entsof $143. Such paynm nts are to continue overtile life of the bonds. In addition,to caring forextensions,additions, im provem ents,renew alsand replacem ents necessary to properly operate tile system,the fim ds in thisfund m ay also be used to pay the principalof and the intereston the bonds for`the paym entof w hich,tbere isnotsufficientm oney in `the Sinking and Reserve Funds. A m ounts m ay be spentw ithoutany substantialrestriction otherthan a requirem entto replenish the am ountused. The Tow n of PorlBarre w as in com pliance w ith allsignificantjim itations and res,tricfionsof'thisindentu re atsep,tem ber30,1999. (~2) Em ploym entretirem en A llem ployeesof the Tow n of PortBarre belong to the SocialSecurity System. The Tow n and itsemployeescontributea percentageofeach employee'ssalary to "the System (7.65% contributed by tbetown,7.65% by theemployee). TheTown'scontributionduring theyearended September30, 1999 anm nnted to $32,052. (13) N aturalgascontract The Tow n enlered into a gaspurcbase contractw ith Cypress G as Pipeline Com pany w ith an initialterm of January 1,1992 to January 1,1996 w ith provisionsto continue beyond January 1, 1996 on a yearto yearbasisuntileitherparty requestterm ination oftbe contract. The term sof the contract require the Tow n to purchase allof itsnaturalgasrequirem entsfrom CypressG aspipeline Com pany. D uring lhe year ended Septem ber 30, 1999,the Town purchased naturalgas from Cypress G as Pipeline Com pany in the am ountof $59,972. AtSeptem ber30, 1999, the Town owed $3,564 for naturalgaspurchasesfortile m onth of Septem ber,

28 TOW N O F PORT BARRE,LOUISIAN A Notesto FinancialStatements(Continued) (14) emnentinform ation forthe Ente The Tow n of PortBarre m aintainsone enterprise fund w ith three departm ents w hich provide gas,w aterand sew erage services. Segm entinform ation forthe yearended Septem ber30,1999 w as asfollow s: O perating revenues O perating expenses Operating incom e(loss) Total G as W ater Sew erage Enterprise Deparlm ent Departm ent D epartm ent Fund $ 202, ,886 $216, $229, ,384 $648, ,993 $(10,490) $ 81,476 $ 40,533 $111,519 (15) Contributed Capital A m ounts contributed to the Utility Fund for acquisition or construction of fixed assets are recognized as contributed capital. Contributed capitalgenerated through grants externally restricted forcapitalacquisitionsisam ortized based on the depreciation recognized on thatportion of the assets acquired orconstructed from such grants. Thisdepreciation isclosed to contributed capitalaccount andisreflected asanadjustmentto netincomeonthecomparativestatementofrevenues,expenses, and C hangesin Retained Earnings. The sources of contributed capitalused to acquire and coustructfacilitiesof tlre enterprise fund are asfollow s: Federa G rants State Grants Parish G rants M unicipality Total Totalcontributed capital $3,053,755 $350,223 $7,500 $ 585,795 $3,997,273 Less:Accumulated amortization (108,520) (26,781) (2,100) (137,401) Ne.tcontributed capital $ 2,945,235 $ 323,442 $ 5,400 $ $ 3,859,872 26

29 TO W N O F PO RT BA RRE,LO U ISIAN A Nolesto FinancialStatements(Continued) (16) Com pensation of Town Officials A detail of com pensation paid to tile M ayor and Board of A lderm en for the year ended Seplem ber30,1999 follow s: John Fontenot,M ayor A lderm en: John P.Ardoin (10/01/98-12/31/98) Ricky Bell(10/01/98-12/31/98) l)onald Leblanc(01/01/99-09/30/99) KeithLejeune K emm{h M arks(i0/01/98-12/31/9g) Polly Pickney (01/01/99-09/30/99) G ilsavoy,jr. RobertSoileau (01/01/99-09/30/99) $ 10, ,025 2, ,025 2,813 2,025 $ (17) Pendine Liti~atio possible thatthe (18) R isk M anagem ent h The "l'owj)isexposed to risksof lossin the areasof generaland at~tom obile liability, property azards, professional liability and w orkers' com pensation. A ll of these risks are handled by purchasing com m ercial insurance coverage. There have been no significant redactions in the insurance coverage during the year. (19) Defeased Debt A s a resultof the advance refunding, the tow n reduced itstotaldebtservice reqnirem ents by $14,666,which resulted in an economic gain (difference between thepresentvalueof the debtservice paymentsontheold andnew debt)of$7,

30 SUPPLEM EN TAR Y IN FO RM A TIO N 28

31 TO W N O F PO RT BA RRE,LO U ISIAN A hnpactofyear2000oncomputerprograms(unaudited) m ~actof Y ear2000 on Com puterprogram s(unaudited The Tow n hascom pleted an inventory of com putersystem sand otherelectronic equipm entthatm ay be affected by the year2000 issue,thatare necessary to conducting Tow n operationsand have identified such system sasbeing the Tow n'snetw ork of personalcom putersused forfinancialreporting purposesand various application program s including fund accounting,payroll,accounts payable,taxes and licenses and utility billing. Tile Tow n of PortBarre's system and personalconlputers have been assessed rem ediated,and validated. The Tow n's application program s w ere rem ediated by a vendor. Testing and validation w asperform ed and resultsw ere acceptable. Thereareno remaining contracted amountscommittedto thisprojectasofseptember30,1999 Because of the unprecedented nature of the Y ear2000 issue,its effects and the success of related rem ediation eforts w illnotbe fully determ inable untilthe year2000 and thereafter. M anagem eutcannot assure thatthe Tow n isorw illbe Y ear2000 ready,thatthe Tow n'srem ediation effortsw illbe successfifl in w hole orin part,orthatpartiesw ith w hom the Tow n does businessw illbe year2000 ready. The Tow n is utilizing externalresourcesto identify and testthe system sfory ear2000 com pliance. 29

32 SCH ED U LES O F IN DIVIDUA L FUN D S A N D A C CO U NT G R O U PS

33 G EN ER A L FU N D To accountforresourcestraditionally associated w ith governm ents w hich are notrequired to be accounted forin anotherfund.

34 TO W N O F PO RT BA RRE,LO U ISIAN A G eneralfund Com paralive Balance Sheet Septem ber30,1999 and A SSETS Cash Receivablesnetof allow ance fortm co Taxes- Ad valorem Tobacco Franchise D ue from otherflm ds O ther $ 98,885 $ 9, ,522 1, , ,671 $124,294 $36,637 LIA BILITIES AN D FUN D BA LAN CE L iabilities: A ccountspayable D ue to otherfunds O therliabilities $ 13,685 7,592 $ 7,507 8, Totalliabilities 21,277 15,836 Fund balance: U nreserved,undesignated 103,017 20,801 Totalliabilitiesand fund balance $124,294 $36,637

35 TO W N O F PO RT BARRE,LO UISIAN A GeneralFund Statem entof Revenues,Expenditures,and Changesin Fund Balance - Budget(GAAP Basis)and Actual YearEnded Septem ber30,1999 W ith Com parative ActualA m ountsforyearended Septem ber30,1998 Budget 999 Actua Variance- Favorable (Unfavorablc) 1998 A cttla Revem les: Taxes Licensesand perm its Intergovernm ental Finesand forfeits M iscellaneous Totalrevenues 91,947 34,108 36, ,532 34, $ 92,517 32,123 32, , ,985,136, (5,816) $ 99,766 37,716 25, ,006 22, Expenditures: Current- G eneralgovernnleul Public safety -police Ilighw aysand streets C ulture and recreation Capitaloutlay Totalexpenditures l)eficiency of revenues over expenditures O therfinancing sources O perating transfersin 77, ,595 1,400 3, , ,392 1,574 2, (997) 3,203 (174) 413 (8,466) 70, , , , ,232 (6,021) 360,550 (62,302) (74,139) (11,837) (17,389) 50,000 75, Excess(deficiency)ofrevenuesand othersourcesoverexpenditures (12,302) (2,389) Fund balance,beginning 20,801 20, Residualeqnity transferin 81,264 81,355 9 Fund balance,ending $ 89,763 $ 13,254 $ 20.80

36 TO W N O F PO RT BA RRE,LO UISIAN A GeneralFund StatementofRevenuesComparedto Budget(GAAP Basis) YearEnded Septem ber30,1999 W ith Com parative ActualA m ountsforyearended Septem ber30, 1998 Budget Actua 999 Variance - Favorable (Unfavorable) 1998 A etna Taxes: Ad valorem Interestand penaltieson taxes Franchise - Electric and cable TV Totaltaxes $ 26, $ 26, , $ (23) (954) $ 27, ,057 99,766 Licensesand perm its: O ccupationallicenses- Insurance O ther Liquorlicenses Building perm its Totallicensesand perm its 25,013 5,000 4, ,108 23,643 4,885 3, (I,370) (1~5) (500) 28,636 5,010 4, ,123 (1,985) 37,716 ntergovernm ental: State of Louisiana - Beertaxes Tobacco taxes V ideo poker St.Landry Parish Housing A uthority Totalintergovernm ental 9,050 1,1M 5, ,192 11,154 13, , (2,858) (1,500) 222 6,032 1,154 6, (4,136) 25,087 Finesand forfeits ,177 (3,355) 158,006 M iscellaneous: Donations Rent Parksand recreation Sale of equipm ent O ther Totalm iscellaneous 6,500 8,720 4, ,500 8,720 4, ,398 37,488 3, (100) ,870 4, Totalrevenues $363,909 $ $

37 TOW N OF PORT BARRE,LOUISIAN A GeneralFund StatementofExpendituresCompared to Budget(GAAP Basis) YearEnded September30,1999 W ith Com parative ActualAm ountsforyearended Septenrber30, Budget A ctual Variance - Favorable (Unfavorable) 1998 Actua Current: G eneralgovernm ent- Advertising Bad debts D uesand subscriptions Insurance Legalfees M ayor'sallowance M edicaland drug testing M iscellaneous O ffice supplies Payrolltaxes Professionalfees Salaries Telephone Traveland m eetings Preparation of tax roll Repairsand nraintenanee Coroner'sfees Election expense Electricity Totalgeneralgovernm ent 2, ,183 1,918 1,200 6,000 1,500 2,505 1,134 1,847 13,258 30, ,161 2,530 1,330 2, $ 2, ,083 1,605 1,300 6,000 1,485 2,213 1,174 1,847 11,458 30, ,838 2,530 1,330 2, , $ (100) (40) 1, (677) (150) (43) (3,164) (997) $ 2, ,542 1,900 1,988 6,000 1,480 1, ,811 11,710 29, ,669 1,201 1,207 70,242 Public safety -police - Feeding prisoners Insurance Insurance deductible Group insurance M iscellaneous Police carexpense Salaries Payrolltaxes Casuallabor Supplies Repairsand m aintenance U niform s Training academ y Travel Telephone Electricity M edicaland drug testing Totalpublic safety 1, , , , ,673 3,683 3, ,585 2,399 1, ,595 1, (118) 1,358 3,000 (321) (385) (796) (192) (386) 910 (890) 389 (800) (330) ,147 3, ,385 1,433 22,146 1,022 28,268 72, , , ,340 2, ,98 (continued)