The Extra Mile Region VI, Inc

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1 ^5--^^ The Extra Mile Regin VI, Inc Pineville, Luisiana June 30, 2011 Under prvisins f state law. this repsl is a pubiic dcl-ment Acpy f te i'eprt has been sutiitteri t the entity and ther apprpnate public fficials. The reprt is available fr pubiic inspecli,"} ai the Batn Ruge ffice cf the Legislative Auditr and. where apprpriate, at the iyice f the parish cierk f curt. Release Date NOV

2 The Extra Mile Regin VI, Inc. June 30, 2011 Table f Cntents Exhibit Page Independent Auditr's Reprt 1 Financial Statements Statement f Financial Psitin A 2 Statement f Activities B 3 Statement f Functinal Expenses C 4-5 Statement f Cash Flws D 6 Ntes t Financial Statements 7-11 Other Reprts Required by Gvemment Auditing Standards 12 Reprt n Intemal Cntrl Over Financial Reprting and n Cmpliance and Other Matters Based n an Audit f Financial Statements Perfrmed in Accrdance with Gvemment Auditing Standards Schedule f Findings and Respnses 16

3 PAYNE. MOORE & HERRINGTON, LLP [[8IIFIEII PUBLIC ACmW Established 1945 Independent Auditr's Reprt T the Bard f Directrs The Extra Mile Regin VI, Inc. We have audited the accmpanying statement f financial psitin f The Extra Mile Regin VI, Inc. (a nnprfit rganizatin) as f June 30, 2011, and the related statements f activities, functinal expenses, and cash flws fr the year then ended. These financial statements are the respnsibility f the Organizatin's management Our respnsibility is t express an pinin n these financial statements based n ur audit. We cnducted ur audit in accrdance with auditing standards generally accepted in the United States f America and the standards applicable t financial audits cntained in Gvemment Auditing Standards, issued by the Cmptrller General f the United States. Thse standards require that we plari and perfrm the audit t btain reasnable assurance abut whether the financial statements are free f material misstatement. An audit includes examining, n a test basis, evidence supprting the amunts and disclsures in the financial statements. Aii audit als includes assessing the accunting principles used and the significant estimates made by management, as well as evaluating the verall financial statement presentatin. We believe that ur audit prvides a reasnable basis fr ur pinin. In ur pinin, the financial statements referred t abve present fairly, in all material respects, the financial psitin f The Extra Mile Regin VI, Inc. as f June 30, 2011, and the changes in its net assets and its cash flws fr the year then ended in cnfrmity with accunting principles generally accepted in the United States f Anrierica. In accrdance with Gvemment Auditing Standards, we have als issued ur reprt dated Octber 6, n ur cnsideratin f The Extra Mile Regin VI, Inc.'s intemal cntrl ver financial reprting and n ur tests f its cmpliance with certain prvisins f laws, regulatins, cntracts, and grant agreements and ther matters. The purpse f that reprt is t describe the scpe f ur testing f internal cntrl ver financial reprting and cmpliance and the results f that testing, and nt t prvide an pinin n intemal cntrl ver financial reprting r n cmpliance. That reprt Is an integral part f an audit perfnned in accrdance with Gvemment Auditing Standards and shuld be cnsidered in assessing the results f ur audit. C^^4(^ Certified Public Accuntants Octber 6, 2011 HiBTllllL Umi. CJJL HinULJLlllUB.C.I'A 1.».,«mmii.mm.ui tiiii!liympb8ec.px ^ kmrniik. n mmm mmvimiin. D[imill.llD]l [.PJL ^S^ PH: (316) * FH: (31lt)443-2S15

4 The Extra Mile Regin VI, Inc. Statement f Financial Psitin June 30, 2011 Exhibit A Current Assets Cash and cash equivalents Grants receivable Other receivables Prepaid expenses Ttal Current Assets Investhfients Assets $ 164, ,619 1,567 4, , ,192 Fumiture and Equipment - Net f Depreciatin Other Assets ,200 Ttal Assets $ 587,021 Current Liabilities Accunts payable Accrued liabilities Depsits held n behalf f thers Ttal Current Liabilities Net Assets Unrestricted Temprarily restricted Ttal Net Assets Liabilities and Net Assets $ 4, , , Ttal Liabilities and Net Assets $ 587,021 The accmpanying ntes are an integral part fthe financial statements.

5 The Extra Mile Regin VI, Inc. Statement f Activities Year Ended June 30, 2011 Exhibit B Unrestricted Temprarily Restricted Ttal Revenues, Gains/(Ldsses), and Other Supprt Gvemment grants Fundraising Nncash supprt Administrative reimbursement Dnatins Interest and dividends Miscellaneus Unrealized gain n investments Net assets released frm restrictins Ttal Revenues, Gains/(Lsses), and Other Supprt $ 3,253 65,250 26,757 11,808 8,984 34, ,094 $ 548, (565,094) $ 548,387 3,253 65,250 26,757 2, , " (13,965) Expenses Adult Flex Prgram Child Flex Prgram Drp-In Centers Prgram EDS Prgram The Extra Mile Prgram Clthes Clset/Library Prgram OCDD Disabilities Prgram Cnsumer Emplyment Prgram Matemal Child Health Prgram Life Skill training Prgram OMH Cnsumer Liaisn SSBG Emplyment Develpment Prgram Fundraising OMH Spring Wrkshp CLSH Indigent Patient Fund CLSH Library Stipend Other supprt sen/ices Ttal Expenses 86,750 21, ,381 12, ,794 2,700 9, ,701 6, ,202-86,750 21, ,381 12,674 51,420 3,794 2,700 9,706 69,814 10,504 14,060 58,854 1,701 6, , , ,202 Change in Net Assets (13,965) 57,689 Net Assets, Beginning f Year 461, Net Assets, End f Year $ g ; 200 $ 533,735 The accmpanying ntes are an integral part fthe financial statements.

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7 '.E fl). a > UJ O g rt 0) = c a: -5 3 c ^ a ^_ - (v c X UJ 0) (0 E ^ 0) >" e.ti 0) rt -a Exhil nclu X -J CQ (0 (D ^ ~ (D S O J3 fl) 2 <i> -1 i CL O =1 *= -» * *. ^ a>. c:» 4-i 3 a 2 ^ c -S s " J2 O ^ ^ t 3 D] C w iz -a c 3 U. plyment elpment rgram ^ s;^ UI Q 1 =^ 1 S w-2 O c,2 O -J 1 a^ s\ 1^ " «"*«2 a. C3)0>^rC3)0-^xcMcncDc^rcM "«J- _ eg _ h- "^" Tt"' h-" " O) ci" Oi V-" in TT eg CD 1 *^ I^ M- O) ^ O) O r^ T *^ c" h-" c" CD~ in ^ 15 C3> ^ 1 in 1 *^ w t^ O) "^ CD~,^ h-_ T m 00 r^ in N T^ m <7) in h- 1 c" in" " " <«O 0> O 00 1 <N 00 "^ "^ h- -^ r^ K «-" c" v^" < «T- m -^r T- 1 > O "^ <J) < ^ h- " ^ \ (0 O) ersnal service elated benefits ravel iperating servic upplies rfessinal epreciatin undraising CLcrj-cQ-Qu- II ^ 5 1 <^ 1 ^ 00 «> 1 s ^ 1 t^ 1 ^ «^ 1 > ^ * <" <e,^ N. T-^ i^ ^ m c/>l l '^'' V- c/>l ^1 m ' 0^1 V) 5 i^ (0.«-< c 0) E 0) t "r O c r c i^ 0) B "C OJ "TO iz 1 _c ^ r 2 r (0 c O) c c r CL E r 0).c 1-

8 The Extra Mile Regin VI, Inc. Statement f Cash Flws Year Ended June 30, 2011 Exhibit D Cash Flws frm Operating Activities Change in net assets Adjustments t recncile change in net assets t net cash used in perating activities: Depreciatin Unrealized gain n investments Changes in perating assets and liabilities: Grants and ther receivables Prepaid expenses Accunts payable Accrued liabilities Depsits held n behalf f thers Net Cash Used in Operating Activities Cash Flws frm Investing Activities Reinvested earnings n investments Purchase f fumiture and equipment Net Cash Used in Investing Activities $ 57^9 9,224 (34,710) (62,114) (3,399) (694) 597 8,120 (25.287) (11,803) (23,636) (35,439) Cash Flws frm Financing Activities Net Decrease in Cash and Cash Equivalents Cash and Cash Equivalents, Beginning f Year Cash and Cash Equivalents, End f Year (60,726) 225,317 $ 164,591 Additinal Required Disclsures: 1. Management cnsiders all highly liquid investments with a maturity f three mnths r less when acquired t be cash equivalents. 2. N interest was paid during the year, 3. There were n incme taxes paid during the year. 4. There were n material nncash investing r financing transactins during the year. The accmpanying ntes are an integral part f the financial statements.

9 The Extra Mile Regin VI, Inc. June 30, 2011 Ntes t Financial Statements 1. Nature f Activities and Significant Accunting Plicies Nature f Activities The Extra Mile Regin VI, Inc, is a nnprfit crpratin frmed t enhance and enrich the envirnment fr clients served by the Luisiana Department f Health and Hspitals thrugh pubiic educatin, vlunteer recruitment, prgram develpment, and fund raising. The Extra Mile Regin VI. Inc. qualifies as a tax-exempt rganizatin under Sectin 501(c)(3) f the Intemal Revenue Cde and cmparable Luisiana law, and cntributins t it are tax deductible within the limitatins prescribed by the Cde. Accrdingly, n prcivisin fr incme taxes has been rhade in the accnipanying financial statements. In additin, the rganizatin has been determined nt t be a "private fundatin" within the meaning f Sectin 509(a) f the Internal Revenue Cde. Significant Accunting Plicies The significant accunting plicies fllwed are described belw t enhance the usefulness f the financial statements t the reader. Basis f Accunting The accmpanying financial statements have been prepared n the accrual basis f accunting in accrdance with accunting principles generally accepted in the United States f America. Under this methd, revenues are recgnized when eamed and expenses are recrded at the time liabilities are incurred. Basis f Presentatin The accmpanying financial statements f The Extra Mile Regin VI. Inc. have been prepared in accrdance with accunting principles generally accepted in the United States f America. The Organizatin presents infrmatin regarding its financial psitin and a<:tivities accrding t three classes f net assets: unrestricted net assets, temprarily restricted net assets, and permanently restricted net assets. Furniture and Eguipment Fumiture and equipment are stated at cst fr assets purchased and at market value fr assets acquired by gift. The Extra Mile Regin VI, (nc. capitalizes lng-lived assets with values f $500 r mre. Depreciatin is cmputed n the straight-line methd ver the estimated useful lives f the assets as fllws: Furniture and equipment Vehicles 5-7 years 5 years

10 The Extra Mile Regin VI, Inc. June 30, 2011 Ntes t Financial Statements Fumiture and equipment reflected in the financial statements includes capital assets purchased fr use in the varius prgrams administered by The Extra Mile Regin VI. Inc. frm the respective prgram's funds as budgeted in the prgram agreements. In the event that a prgram tenninates, title t thse assets may revert t the funding surce. Revenue Recgnitin Cntributins received are recrded as unrestricted, temprarily restricted, r pennanently restricted supprt, depending n the existence and/r nature f any dnr restrictins. All dnrrestricted supprt is reprted as an increase in temprarily r permanently restricted supprt, dejdending n the existence and/r nature f any dnr restrictins. When a dnr restrictin expires, that is, when a stipulated time restrictin ends r purpse restrictin is accmplished, temprarily restricted net assets are reclassified t unrestricted net assets and reprted in the statement f activities as net assets released frm restrictins. Cntributed Sen/ices N amunts have been reflected in the financial statements fr cntributed services. The Extra Mile Regin VI, Inc. pays fr mst services requiring specific expertise. Hwever, many individuals vlunteer their time and perfmri a variety f tasks that assist the Organizatin with specific prgrams and varius fund raising activities. Use f Facilities Central Luisiana State Hspital prvides ffice facilities and utilities t perate The Extra Mile Regin VI, Inc. administrative ffices, the Cmmn Grund Drp-In Center, and the Clthes Clset/Fd Pantry. In exchange. The Extra Mile Regin VI, Inc. perates the Central Luisiana State Hspital patient library which is lcated in The Extra Mile Regin VI, Inc.'s ffice building. The fair value f the use f prvided facilities was $65,250, and has been included in the statement f activities as nncash supprt. Use f Estimates The preparatin f financial statements in cnfrmity with accunting principles generally accepted in the United States f America requires management t make estimates and assumptins that affect the reprted amunts f assets and liabilities and disclsures f cntingent assets and liabilities at the date f the financial statements and the reprted amunts f revenues and expenses during the reprting perid. Actual results culd differ frm thse estimates. Subsequent Events Management has evaluated subsequent events thrugh Octber 6, 2011, the date which the financial statements were available fr issue. There were n subsequent events that require disclsure.

11 The Extra Mile Regin VI, Inc. June 30, 2011 Ntes t Financial Statements Investments Investments in mari<etable securities with readily detemiinable fair values and alt investments in debt and equity securities are valued at their fair value in the statement f financial psitin. Unrealized gains and lsses are included in the change in net assets. Functinal Allcatin f Expenses The csts f prviding the varius prgrams and ther activities have been summarized n a fijnctinal basis in the statement f activities. Accrdingly, certain csts have been allcated amng the prgrams and supprting services benefited. 2. Cash and Cash Equivalents Cash and cash equivalents cnsisted fthe fllwing at June 30, 2011: Nn-interest bearing checking accunts $ 129,094 Interest bearing mney martlet accunt $ Cash balances in demand depsit accunts with a lcal bank were fully insured by Federal Depsit Insurance Crpratin (FDIC) cverage. 3. Grants Receivable Grants receivable cnsisted f amunts due frm the State f Luisiana, Department f Health and Hspitals. 4. Investments Investments include funds held In a brkerage accunt. The fund names, csts, fair values, and carrying values are as fllws: Fair Value Measurement at Reprting Date Using Quted Prices In Active Significant Markets fr Other Significant Identical Observable Unbservable Ttal Assets Inputs Inputs Descriptin Cst 06/30/11 (Level 1) (Level 2) (Level 3) Capital Incme Builder Fund $ $ 125,802 $ $ - $ IncbmeFundf America, Inc z : $ 254,336 $ 251,192 $ 251,192 $ - $

12 The Extra Mile Regin VI, Inc. June 30, 2011 Ntes t Financial Statements 5. Furniture and Equipment Equipment Vehicles Fumiture and fixtures Cst Accumulated Depreciatin Net 28,771 $ ,381 23, , $ 56,517 $ 31,848 $ 24,669 The depreciatin prvisin fr the year ended June 30, 2011, amunted t $9, Other Assets Other assets cnsist f apprximately 3.2 acres f land dnated t The Extra Mile Regin VI, Inc. in a prir year by a disslving nt-fr-prfit crpratin. The land is lcated in Rapides Parish, Luisiana and is reprted at $19,200, its estimated fair value at the date f dnatin in accrdance with accunting principles generally accepted in the United States f America. There were n restrictins impsed n the gift by the dnr. 7. Leases Facilities The Organizatin prvides part f its prgram services in leased facilities lcated in Alexandria and Jnesvilie, Luisiana. The facilities are leased frm tw unrelated third parties under mnth t mnth perating leases. The Extra Mile Regin VI, Inc. made rental payments, cnsisting slely f minimum rentals, amunting t $16,200 fr the year ended June 30, Vans On Nvember 5, 2007, The Extra Mile Regin VI, Inc. entered int tw perating leases fr tw Frd vans. The leases cntain an ptin l purchase the vans at fair market value at the end f the lease perid. The cst t lease the tw vans is $1,572 per mnth with the first payment due Nvertiber and the final payment due Octber Ttal payments fr the year under the leases ttaled $5,572. Upn terminafin f the tw leases n Nvember 5, 2010, The Extra Mile Regin VI, Inc. entered int a new perating lease fr a Frd van. The lease cntains an ptin t purchase the van at fair market value at the end fthe lease perid. The cst t lease the van is $1,145 per mnth with the first payment due Nvember 5, 2010 and the final payment due January Ttaf payments fr the year under the lease ttaled $9,162. Minimum lease payments under this lease as f June 30,2011 are as fllws: June Amunt $13,740 8,015 10

13 The Extra Mile Regin VI, Inc. June 30, 2011 Ntes t Financial Statements 8. Cncentratins f Revenues and Significant Funding Surce The Extra Mile Regin VI, Inc. receives the majrity f its revenues frm funds prvided thrugh cntracts administered by the Luisiana Department f Health and Hspitals. The amunt f funds received is apprpriated each year by the gvemment. If significant budget cuts are made, the amunt f the funds that The Extra Mile Regin VI, Inc. receives culd be reduced significantly, resulting in an adverse impact n its peratins. Management is nt aware f any actins that wuld adversely affect the amunt f funds the Organizatin will receive in the next year. 9. Cmpensatin t Bard f Directrs The Bard f Directrs is a vluntary bard, therefre, n cmpensatin has been paid t any members. 10. Retirement Plan The Extra Mile Regin VI, Inc. has a defined cntributin plan cvering eligible emplyees. The plan, funded thrugh a grup annuity cntract issued by Mutual f America Life Insurance Cmpany, qualifies as a SIMPLE IRA plan under Sectin 408(p) f the Internal Revenue Cde. Participating emplyee cntributins are matched by the emplyer up t three (3) percient fthe emplyee's annual salary. Retirement ccjntributin expense fr the year ended June 30, 2011 ttaled $4, Designated Net Assets There were n designated net assets at June 30, d Temprarily Restricted Net Assets Temprarily restricted net assets at June cnsisted f endwment funds ttaling $ Net Assets Released Frm Restrictins Net assets were released frm restrictins by incurring expenses satisfying the restricted purpses r by ccurrence f ther events specified by the grants. There were n permanently restricted net assets at June

14 ther Reprts Required by Gvernment Auditing Standards 12

15 Reprt n Internal Cntrl Over Financial Reprting and h Cmpliance and Other Matters Based n an Audit f Financial Statements Perfrmed in Accrdance with Gvernment Auditing Standards 13

16 mynr, MOORE & HERRINGTON, LLP CERTIFIED PgBUCUCCItUflWS Dsiabllshed 1M5 Reprt n Internal Cntrl Over Financial Reprting and n Cmpliance and Other Matters Based n an Audit f Financial Statements Perfrmed in Accrdance with Gvernment Auditing Standards T the Bard f Directrs The Extra Mile Regin VI, Inc. We have audited the financial statements f The Extra Mile Regin VI, Inc. (a nnprfit rganizatin) as f and fr the year ended June 30, 2011, and have issued ur reprt theren dated Octber We cnducted ur audit in accrdance with auditing standards generally accepted in the United States f America and the standards applicable t financial audits cntained in Gvemrnent Auditing Standards, issued by the Cmptrller General fthe United States, Internal Cntrl ver Financial Reprting In planning and perfnning ur audit, we cnsidered The Extra Mile Regin VI, Inc.'s internal cntrl ver financial reprting as a basis fr designing ur auditing prcedures fr the purpse f expressing ur pinin n the financial statements, but nt fr the purpse f expressing an pinin n the effectiveriess f The Extra Mile Regin VI. Inc.'s intemal cntrl ver financial reprting. Accrdingly, we d nt express an pinin n the effectiveness f The Extra Mile Regin VI, Inc.'s internal cntrl ver financial reprting. A deficiency in intemal cntrl exists when the design r peratin f a cntrl des nt allw management r emplyees, in the nmial curse f perfrming their assigned functins, t prevent r detect and crrect misstatements h a timely basis. A material weakness is a deficiency, r a cmbinatin f deficiencies, in internal cntrl, such that there is a reasnable pssibility that a material misstatement f the entity's financial statements will nt be prevented, r detected and crrected n a timely basis. Our cnsideratin f internal cntrl ver financial reprting was fr the limited purpse described in the first paragraph f this sectin and was nt designed t identify all deficiencies in internal cntrl ver financial reprting that might be deficiencies, significant deficiencies, r material weaknesses. We did nt identify any deficiencies in internal cntrl ver financial reprting that we cnsider t be material weaknesses, as defined abve. HmiH UIIEIII. CPi EENESI F. y^m. m. iidii[iiw.iivdm.[.pi HlCBmil.Jllll»D,C.Pi. \\m I Buuii. [.PI CmilTLBDHPOmaii EltBDUR IDDNH. [.P.il. 14 m HETHi nm P.D. m um kmmimaum-iim H-.m)imm furmei

17 PAYNE* MOORE & HERRINGTON. LLP T the Bard f Directrs The Extra Mile Regin VI, Inc. Cmpliance and Other Matters As part f btaining reasnable assurance abut whether The Extra Mile Regin VI, Inc.'s financial statements are free f rtiaterial misstatement, we perfmied tests f its cmpliance with certain prvisins f laws, regulatins, cntracts, and grant agreements, nncmpliance with which culd have a direct and materia! effect n the detenninatin f financial statement amunts. Hwever, prviding an pinin n criipliahce with thse prvisins was nt an bjective f ur audit, and accrdingly, we d nt express such an pinin. The results f ur tests disclsed n instances f nncmpliance r ther matters that are required t be reprted under Gvemment Auditing Standards. This reprt is intended slely fr the infrmatin and use f the Bard f Directrs, management, state awarding agencies, and the Legislative Auditr's ffice f the State f Luisiana and. is nt interided t be and shuld nt be used by anyne ther than these specified parties. Hwever, under Luisiana Revised Statute 24:513, this reprt is in fact a public dcument. H^i^i^Zi^^.^P Certified Public Accuntants ^"O Octber 6,

18 The Extra Mile Regin VI, Inc. Schedule f Findings and Respnses Year Ended June 30, 2011 Sectin I - Summary f Auditr's Results Financial Statements Type f auditr's reprt issued: Unqualified Intemal cntrl ver financial reprting: Material weakness(es) identified? Significant deficiency(les) identified nt cnsidered t be material weaknesses? Nncmpliance material t financial statements nted? Management's Crrective Actin Plan Management's Summary Schedule f Prir Audit Findings Memrandum f Other Cmments And Recmmendatins Federal Awards. Yes X N Yes X Nne reprted Yes X _ N Nne Nne Nne issued Nt applicable Sectin II - Financial Statement Findings Nne. Sectin Federal Award Findings and Respnses Nt applicable. 16

ASSUMPTION ASSOCIATION FOR RETARDED CITIZENS. INC. (A NOT FOR PROFIT ORGANIZATION) FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 2004 AND 2003

ASSUMPTION ASSOCIATION FOR RETARDED CITIZENS. INC. (A NOT FOR PROFIT ORGANIZATION) FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 2004 AND 2003 ASSUMPTIN ASSCIATIN FR RETARDED CITIZENS. INC. (A NT FR PRFIT RGANIZATIN) FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 2004 AND 2003 Undei prvisins dcument A cpy f the fftpnf! hfls b&gf submitted t tl"p cr.tty