WO~SEN~OZ. SABINEPARISHSCHOLBOARD Many,LouJsJana Genera]PurposeFtnancta)Statementsand. copi~.sfrorjth~ copyandplac~'l

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1 FILECOPV~. OFICIAL copi~.sfrorjth~ WO~SEN~OZ copyandplac~'l SABINEPARISHSCHOLBOARD Many,LouJsJana AsofOune30,198andfortL-~~- Genera]PurposeFtnancta)Statementsand HlthSuplementa]InformationSched~sEnded IndependentAudftor'sReoft ~ -~rearlh ~elrlel/~ubl~;~4)1ijql

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3 SABZNEPARISHSCHOLBOARD Many,Louisiana AsofJune30,IgS,andfortheYearThenEnded GeneralPurposeFinancialStatementsand WithSuplementalInformationSchedules IndependentAuditor'sReports CONTENTS IndependentAuditor'sReport StatementPaqeNo. GeneralPurposeFinancialStatements: CombinedBalanceShet-AlFundTypes GovernmentalFundType andacountgroups CombinedStatementof CombinedStatementof arldchangesinfund Revenues,Expenditures, Balances aridchangesinfund Basis)andActual- Revenues,Expenditures, RevenueFunds Balances-Budget(GAP GeneralandSpecial NotestotheFinancialStatements SuplementalInformationSchedules: PaqeNo, 1 SpecialRevenueFunds: CombiningBalanceShet CombiningScheduleof 282g FederalFunds: andchangesinfundrevenues,expenditures, CombiningBalanceShet Balances CombiningScheduleofRevenues,Expenditures, andchangesinfundbalances

4 SABINEPARISHSCHOLBOARD Many,Louisiana Contents,June30,]g8 C0NTENTS(CONT'D) SuplementalInformationSchedules:(Cant'd) ButldtngandEquipmentSpectalRevenueFunds: SchedulePaqeNo. CombiningBalanceShet CombiningScheduleofRevenues,Expenditures, 5 35 DebtServiceFunds: andchangesinfundbalances 6 36 CombiningBalanceShet CombiningScheduleofRevenues,Expenditures, 38 CapltalProjectsFunds: andchangesinfundbalances 40 CombiningBalanceShet CombiningScheduleofRevenues,Expenditures, 9 43 FiduciaryFundType-AgencyFunds: andchangesinfundbalances IO 4 CombiningBalanceShet ScheduleofCompensationPaidBoardMembers ScheduleofChangesinDepositBalances IndependentAuditor'sReportRequiredBy g GovernmentAuditingStandards: ReportonComplianceandInternalControlover FinancialReportingBasedonanAuditofFinancial StatementsPerformedinAcordancewithGovernment Aud~t(ngStandards

5 SABINEPARISHSCHOLBOARD Many,Louisiana Contents,June30,Ig8 C0NTENTS(CONT'D) Suplement:elInformationSchedules:(Cont'd) ReportonCompliancewithRequirementsAplicableto EachMajorProgramandInternalControloverCompliance inacordancewithombcirculara-13 ScheduleofExpendituresofFederalAwards ScheduleofFindingsandQuestionedCosts PaqeNo B

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7 Cl~IlIlI)IE)IJ~ I~lJLI~t~I)IJ~lA~F! tlneu~new.way Alexandria,LA TeraAvenue Fax:318/ / IndependentAuditor'sReport Many,Louisiana SABINEPARISHSCHOLBOARD contents.thesefinancialstatementsaretheresponsibilityofthescholboard's IhaveauditedthegeneralpurposefinancialstatementsoftheSabineParishSchol management.myresponsibilityistoexpresanopiniononthesegeneralpurpose BoardasofJune30,198,andfortheyearthenended,aslistedinthetableof financialstatementsbasedonmyaudit. onductedmyauditinacordancewithgeneralyaceptedauditingstandardsandthe ernmentauditingstandards,isuedbythecomptrolergeneraloftheunitedstates. sestandardsrequirethatiplanandperformtheauditobtainreasonableasurance utwhetherthegeneralpurposefinancialstatementsarefreofmaterial statement,anauditincludesexamining,onatestbasis,evidencesuportingthe untsandisclosuresinthegeneralpurposefinancialstatements.anauditalso ludesasesingtheacountingprinciplesusedandsignificantestimatesmadeby agement,aswelasevaluatingtheoveralgeneralpurposefinancialstatement Inmyopinion,thegeneralpurposefinancialstatem sentation.ibelievethatmyauditprovidesareasonablebasisformyopinion. paragraphpresentfairly,inalmaterialrespects,the ended,inconformitywithgeneralyaceptedacountin ParishScholBoardatJune30,198,andtheresults nt inf referedtointhefirst P ncialpositionofthesabine perationsfortheyearthen GovernmentalAcountingStandardsBoardTechnicalBuletin98-i,DiscZosuresaboutYear inciples. 20Isues,requiresdisclosureofcertainmatersregardingtheYear20Isue.lhe scholboardhasincludedsuchdisclosuresinnote17.becauseoftheunprecedented natureoftheyear20isue,itsefectsandthesucesofrelatedremediation efortswilnotbefulydeterminableuntiltheyear20andthereafter.acordingly, IdonotprovideasurancethathescholboardisorwilbeYear20ready,that thescholboard'syear20remediationefortswilbesucesfulinwholeorinpart, orthatpartieswithwhichthescholboardoesbusineswilbeyear20ready. InacordancewithGovernmentAuditZngStandards,Ihavealsoisuedareportdated December17,198,onmyconsiderationoftheSabineParishScholBoard'sinternal controloverfinancialreportingandmytestsofitscompliancewithcertainprovisions oflaws,regulations,contracts,andgrants.

8 Many,Louisiana AuditReport SABINEPARISHSCHOLBOARD (Continued) Myauditwasmadeforthepurposeoforminganopiniononthegeneralpurposefinancial statementstakenasawhole.theacompanyingscheduleofexpendituresoffederal AwardsispresentedforpurposesofaditionalanalysisasrequiredbyU.S.Oficeof ManagementandBudget(OMB)CircularA-]3,AuditsofStates,LocalGovernments,and NonprofitOrganizations,andisnotarequiredpartofthegeneralpurposefinancial statements.suchinformationhasbensubjectedtotheauditingproceduresapliedin theauditofthegeneralpurposefinancialstatementsand,inmyopinion,isfairly statedinalmaterialrespectsinrelationtothegeneralpurposefinancialstatements takenasawhole..)dv,ble7~way HerbieW.Way Alexandria,Louisiana December]7,198

9 SABINEPARISHSCHOLBOARD GENERALPURPOSEFINANCIALSTATEHENTS ASOFJUNE30,198ANDFORTHEYEARTHENENDED

10 SABINEPARISHSCHOLBOARD Many,Louisiana ALFUNDTYPESANDACOUNIGROUPS CombinedBalanceShet,June30,198 GENERAL S Investments $2,859,907 FUND Receivables Interfundreceivables 18 Loansreceivable Other Inventory Land,buildings,furniture,and REVENUE FUNDSSERVICE FUNDSPROJECTS FUNDTYPE- FIDUCIARY IRUSIAND AGENCY $619,531$3,1$4,679,32$241,817 FUNDS ,963 27,69426,809 Otherdebits= equipment 20, ,141 Amountavailableindebtservicefunds Amountobeprovidedforetirement ofgeneralong-termdebt IOFALASETSANDOTHERDEBITS LIABILITIESANDFUNDEQUITY $3,63,135$1,170,316$876,061$4,679,32$241,817 Liabilities; ~ =~=~=~= =~=~=~=~=~=~= Acountspayable Salariesandwitholdingspayable ]nterfundpayables Maturedbondsandcouponspayable Depositsdueothers 1,94,24$298,632 $61,19 Compensatedabsencespayable 325,308$45,397 Bondspayable 516,141 $28,730 Certificatesofindebtednespayable 213,087 FundEquity: Investmentingenera]fixedasets TotalLiabilities 2,05,4623,940561,538 NONE241,817 Fundbalances: ReservedFor: Unreserved: Debtservice Futureconstruction Designatedfor: 241,613 Long-terminterfundloan $4,679,32 Undesignated Self-insurance receivable/payable 41,89818,50 TotalFundEquity 1,165,794527,876 TOTALIABILITIESANDFUNDEQUITY 1,607,691546, ,523 72,910 $876,061 4,679,32 = =~=~=~=~ $241,817 Theacompanyingnotesareanintegralpartofthistatement

11 StatementA GENERAL FIXED ACOUNTGROUPS ASETS LONG-TERN(MEHORANDUM GENERAL DEBT TOTAL $8,73,698 ONLY) 516,141 18, ,40 39,435 18,50 $27,830,351 27,830,351 50,197 20,128 13,031,39813,031,398 $241, ,613 $27,830,351$13,273,01$51,734,023 = = = = $27,830,35] 27,830,351 4,679,32 241,613 $27,830,351$13,273,01$51,734,023 27,830,351 ~ = =~=

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13 SABINEPARISHSCHOLBOARD Many,Louisiana GOVERNMENTALFUNDTYPE-GENERALANDSPECIALREVENUEFUNDS CombinedStatemento(Revenues,Expenditures,andChangesinFundBalances FortheYearEndedJune3O,198 REVENUES Localsources: Taxes: Advalorem Salesanduse Rentals,leases,androyalties luition Interestearnings Fodservices Miscelaneous Statesources: Unrestrictedgrant-in-aid Restrictedgrants-ln-aid Federalsources: Restrictedgrants-lnaiddirect Restrictedgrants-in-aidsubgrants lotalrevenues EXPENDITURES Curent: Instruction: Regularprograms Specialprograms Adultandvocational educationprograms otherinstructionalprograms Suportservices: Studentservices Instructionalservices Generaladministration Scholadministration Busineservices Plantservices Studentransportation services Centralservices Fodservices Comunityserviceprograms Facilitiesacquisition andconstruction Debtservice: Principalretirement Interestandbankcharges Totalexpenditures GENERAL FUND $871, g,528 14,192, ,636 SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS $527,739$1,292,723 6,850 23, , ,236 48,073 67,g6g CAPITAL PROJECTS FUNDS 25,874$34,76 7,627 3,703,415 18,29,814,841,3641,326,24 8,060,g92139,01g 3,274 2,627,8961,168,723 93, , ,092 OS g7g2704 1,64, ,730 57,910 4,764 2,829 17,659,605 43, , g StatementB TOTAL (MEMORANDUM ONLY) $2,i, ,323,498 1,O12,709 67,969 3,703,415 34,7624,432,175 84, ,426 1,39825,836 1,80,083 2,324 56,484 25,681 2,801,490,0 524,131 4,g68,g2g2,159,385 (Continued) Theacompanyingnotesareanintegralpartofthistatement 8,23,285 3,796,61g 1,036, ,328 13,975218,96g 1,512,80 524, ,8124,947,730

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15 SABINEPARISHSCHOLBOARD StatementB Many,Louisiana GOVERNMENTALFUNDTYPE-GENERALANDSPECIALREVENUEFUNDS CombinedStatementofRevenues,Expenditures,andChangesinFundBalances FortheYearEndedJune30,198 GENERAL FUND SPECIAL REVENUE FUNDS SERVICE DEBT FUNDS PROJECTS CAPITAL FUNbS (MEMORANDUM TOTAL ONLY) OTHERFINANCINGSOURCES( $570,207($127,565)($83,162)($125,035)($515,5) Operatingtransfersin Operatingtransfersout Interestonsaleofbonds Procedsonsaleofbonds (196,131) 50, ,131 Other Totalotherfinancing 18 (58,841) 8,0 28,49 784,04,50,0 4,141 9, sources(uses) (145,272)165,7878,1414,517,7505,326, ,93538,23(45,020)4,392,7154,810,853 FUNDBALANCESATENDOFYEAR $1,601,028 1,176,093 $546, ,153 $314, ,543 $4,679,32 286,617.=~.~ $7,141,259 2,30,406.m. (Concluded) Theacompanyingnotesareanintegralpartofthistatement

16 SABINEPARISHSCHOLBOARD Many.Louisiana GOVERNMENTALFUNDTYPE-GENERALANDSPECIALREVENUEFUNDS CombinedStatementofRevenues.Expenditures.andChangesinFundBalances Budget(GAPBasis)andActual FortheYearEndedJune REVENUES BUDGET ACTUAL Localsources= Taxes= Rentals.leasesandroyalties Advaloremtaxes Tuition Salesandusetaxes 1,890.0 $867,0 $871 Interestearnings Statesources: Fodservices Miscelaneous 159,0 Federalsources: Unrestrictedgrants-in-aid (UNFAVORABLE) VARIANCE $ Restrictedgrants-in-aid-direct DO Restrictedgrants-in-aid-subgrants Totalrevenues EXPENDITURES Curent= Instruction= Regularprograms Specialprograms Suportservices= Adultandvocationaleducation Otherinstructionalprograms Studentservices ( ( (4.98 Instructionalstafsuport Generaladministration 34 Scholadministration (4 Businesadministration 4 Plantservices Studentransportationservices Centralservices Facilitiesacquisitionandconstruction Debtservice-principalreductions Fodservices Comunityserviceprograms g ]8563g ( i( lotalexpenditures 17,284, g.605 (37s,o6) (Continued) Theacompanyingnotesareanintegralpartofthistatement

17 SPECIALREVENUEFUNDSVARIANCE FAVORABLE BUDGETACTUAL(UNFAVORABLE) $530,90 2,950 24,80 36, ,907 68,123 3,964,896 5,050, g ,237 1,60 12,150 5,083,987 $527,739 6,850 23, ,610 14, ,236 48,073 67,969 3,703,415 4,841,364 39,01g 68,723 43, g ,324 56,484 1,90 4,958,029 ($3,161) 3,90 (1,750) (9,68) 14, ,073 54,837 10,969 4,743 (19,32) ( ,912 (54,84) ,959 StatementC

18 SABINEPARISHSCHOLBOARD Many,Louisiana GOVERNMENTALFUNDTYPE-GENERALANDSPECIALREVENUEFUNDS CombinedStatementofRevenues,Expenditures,andChangesinFundBalances Budget(GAPBasis)andActual FortheYearEndedJune30,198 GENERALFUND EXCES(Deficiency)OFREVENUESOVER BUDGET ACTUAL (UNFAVORABLE) DTHERFINANCINGSOURCES(Uses) EXPENDITURES VARIANCE $385,847$570,207$184,360 Operatingtransfersin Operatingtransfersout Miscelaneous (150,892) 4g,O Totalotherfinancingsources(uses) (101,742) (196,131)18 (145,272) 50, FUNDBALANCESATBEGININGOFYEAR CES(Beficien_cy)OFREVENUE SOURCESOVEREXPENDITURESAN 1,165,1931,176, ,105424, ,830 10,90 FUNDBALANCESATENDOFYEAR $1,49,298 $1,601,028 $151,730 (Concluded) Theacompanyingnotesareanintegralpartofthistatement

19 StatementC D BUDGET ACTUAL (UNFAVORABLE) VARIANCE ($3,1)($16,65){$83,54) 34,73 3, , ,153508,153 83,316 38,23 (45,093) $591,468 =.=.$546,376 ($45,093) 10

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21 SABINEPARISHSCHOLBOARD NotestotheFinancialStatements Many,Louisiana AsofJune30,Ig8,andfortheYearThenEnded INTRODUCTION TheSabineParishScholBoardwascreatedbyLouisianaRevisedStatute(LSA-R.S.)17:51 toprovidepubliceducationforthechildrenwithinsabineparish.thescholboard isauthorizedbylsa-r.s.17:81toestablishpoliciesandregulationsforitsown governmentconsistentwiththelawsofthestateoflouisianandtheregulationsof thelouisianaboardofelementaryandsecondaryeducation.thescholboardis comprisedofninememberswhoarelectedfromsevendistrictsfortermsofouryears. Thescholboardoperates12scholswithintheparishwithatotalenrolmentof aproximately480pupils.inconjunctionwiththeregulareducationprograms,some ofthesescholsoferspecialeducationand/oradulteducationprograms.inadition, thescholboardprovidestransportationandscholfodservicesforthestudents. 1.SUI~4ARYOFSIGNIFICANTACOUNTINGPOLICIES A.BASISOFPRESENTATION ThebasisofacompanyingfinancialstatementsoftheSabineParishScholBoard havebenpreparedinconformitywithgeneralyaceptedacountingprinciples (GAP)asapliedtogovernmentalunits.TheGovernmentalAcountingStandards Board(GASB)istheaceptedstandard-setingbodyforestablishingovernmental acountingandfinancialreporting. B.REPORTINGENTITY ertai espon rex reco C.FUNDACOUNTING tomt hth,ntte Thescholboarduses andtheresultsofits complianceandtoaid tocertaingovernment 1

22 SABINEPARISHSCHOLBOARD Many,Louisiana NotestotheFinancialStatements(Continued) Afundisaseparateacountingentitywithaself-balancingsetofacounts.On theotherhand,anacountgroupisafinancialreportingdevicedesignedtoprovide acountabilityforcertainasetsandliabilitiesthatarenotrecordedinthefunds becausetheydonotdirectlyafectnetexpendablefinancialresources. Fundsofthescholboardareclasifiedintotwocategories:governmentaland fiduciary.eachcategory,inturn,isdividedintoseparatefundtypes.thefund clasificationsandadescriptionofeachexistingfundtypefolow: GovernmentalFundType Governmentalfundsareusedtoacountforalormostofthescholboard's generalactivities,includingthecolectionandisbursementofspecificor legalyrestrictedmonies,theacquisitionorconstructionofgeneralfixed asets,andservicingofgeneralong-termdebt.governmentalfundsinclude: GeneralFund-thegeneraloperatingfundofthescholboardandacounts foralfinancialresources,excepthoserequiredtobeacountedforin otherfunds. Speclalrevenuefunds-acountfortheprocedsofspecificrevenuesources thatarelegalyrestrictedtoexpendituresforspecifiedpurposes. Debtservicefunds-acountfortransactionsrelatingtoresourcesretained andusedforthepaymentofprincipalandinterestongeneralong-termdebt recordedinthegeneralong-termdebtacountgroup. FiduciaryFundType Fiduciaryfundsareusedtoacountforasetsheldonbehalfofoutsideparties, includingothergovernments,oronbehalfofotherfundswithinthescholboard. Fiduciaryfundsinclude: ScholActivityAgencyFund-acountsforasetsheldbythescholboard asanagentfortheindividualscholsandscholorganizations. RetiredTeachersInsuranceFund-acountsforthecolectionsofinsurance premiumsduefromretires,whicharesubsequentlyremitedtothestate Agencyfundsarecustodialinature(asetsequaliabilities)anddonot EmployesGroupBenefitsProgram. involvemeasurementofresultsofoperations.

23 SABINEPARISHSCHOLBOARD Many,Louisiana NotestotheFinancialStatements(Continued) D.BASISOFACOUNTING Theacountingandfinancialreportingtreatmentapliedtoafundisdetermined byitsmeasurementfocus.algovernmentalfundsareacountedforusinga curentfinancialresourcesmeasurementfocus.withthismeasurementfocus,only curentasetsandcurentliabilitiesaregeneralyincludedonthebalance shet.operatingstatementsofthesefundspresentincreasesandecreasesin netcurentasets.themodifiedacrualbasisofacountingisusedbyal governmentalfundsandagencyfunds.thegovernmentalfundsusethefolowing practicesinrecordingrevenuesandexpenditures: Revenues Federalandstatentitlements(whichincludestatequalizationandstate revenuesharing)arerecordedasunrestrictedgrants-in-aidwhenavailable andmeasurable.federalandstategrantsarerecordedwhenthereimbursable expenditureshavebenincured. Federalcomoditiesarerecognizedasrevenuesintheacountingperiodthey arereceived. Fodserviceincomeisrecordedwhen aplicabletoanacountingperiodiscolected.alfodservicesincome colecteduringthefiscalyear. Salesandusetaxesarerecordedinthemonthcolectedbythescholboard (colectionagent)orbythelouisianadepartmentofpublicsafetyand Corections,PublicSafetyServices. Interestearningsontimedepositsarerecordedwhenthetimedepositshave maturedandtheincomeisavailable. Substantialyalotherevenuesarerecordedwhentheyareavailabletothe scholboard. Basedontheabovecriteria,federalandstatentitlements,advalorem taxes,andtheportionofthesalesandusetaxonthesaleofmotorvehicles colectedbythelouisianadepartmentofpublicsafetyandcorections, PublicSafetyServices,aretreatedasusceptibletoacrualbytheschol board.

24 SABINEPARISHSCHOLBOARD Many,Louisiana NotestotheFinancialStatements(Continued) Expenditures Salariesarerecordedasexpenditureswhenearned.Teachersalariesare earnedoverag-monthperiod,butarepaidovera12-monthperiod. Purchasesofvariousoperatingequipmentandsupliesarerecordedas expendituresintheacountingperiodtheyarepurchased, Principalandinterestongeneralong-termdebtarerecognizedwhendue Comitmentsunderconstructioncontractsarerecognizedasexpenditureswhen earnedbythecontractor. Fodcostsarerecognizedasexpendituresintheperiodinwhichthefodis consumed. Substantialyalotherexpendituresarerecognizedwhentherelatedfund liabilityhasbenincured. OtherFinancingSources(Uses) Transfersbetwenfundsthatarenotexpectedtoberepaid,saleofasets, andprocedsfromthesaleofbondsareacountedforasotherfinancing sources(uses).thesetransactionsarerecognizedathetimetheunderlying E.BUDGETS eventsocur.

25 SABINEPARISHSCHOLBOARD Many,Louisiana NotestotheFinancialStatements(Continued) Thescholboardusesencumbranceacountingonlyinthecapitalprojectsfunds F.ENCUMBRANCES toacountforsigned,butincomplete,constructioncontacts,encumbrancesat yearendarereportedasreservationsofundbalancesincetheydonot constitutexpendituresorliabilities. G.CASHANDCASHEQUIVALENTS Cashincludesamountsindemandeposit,interestbearingdemandeposits,and moneymarketacounts.cashequivalentsincludeamountsintimedepositsand thoseincome-producingitemswithoriginalmaturitiesofusualygodaysorles. Understatelaw,thescholboardmaydepositfundsindemandeposits,interest bearingdemandeposits,moneymarketacounts,ortimedepositswithstatebanks organizedunderlouisianalawandnationalbankshavingtheirprincipalofices inlouisiana. Understatelaw,thescholboardmayinvestinUnitedStatesbonds,treasury notes,orcertificates.theseareclasifiedasinvestmentsiftheiroriginal maturitiesexceds90days;however,iftheoriginalmaturitiesaregodaysor les,theyareclasifiedascashequivalents. H.INTERFUNDRECEIVABLES/PAYABLES Duringthecourseofoperations,numeroustransactionsocurbetwenindividual fundsforgodsandservicesprovidedorendered.thesereceivablesand payablesareclasifiedasinterfundreceivables~payablesonthebalanceshet. I.ADVANCESTOTHERFUNDS Noncurentportionsoflong-terminterfundloanreceivablesarereportedasloans receivableandareofsetequalybyafundbalancereserveacount,which indicatesthatheydonotconstitutexpendableavailablefinancialresources and,therefore,arenotavailableforapropriation.

26 SABINEPARISHSCHOLBOARD Many,Louisiana NotestotheFinancialStatements(Continued) 3.INVENTORY InventoryoftheScholLunchSpecialRevenueFundconsistsofodpurchasedby thescholboardandcomoditiesgrantedbytheunitedstatesdepartmentof AgricultureandForestry.Thecomoditiesarerecordedasrevenueswhen received;however,alinventoryitemsarerecordedasexpenditureswhen consumed.alpurchasedinventoryitemsarevaluedathelowerofcost(firstin,first-out)ormarket,andcomoditiesareasignedvaluesbasedon informationprovidedbytheunitedstatesdepartmentofagriculture. K.FIXEDASETS Fixedasetsofgovernmentalfundsarerecordedasexpendituresathetimethey arepurchasedorconstructed,andtherelatedasetsarecapitalized(reported) inthegeneralfixedasetacountgroup.publicdomainorinfrastructures,such asidewalksandparkinglots,arenotcapitalized.nodepreciationhasben providedongeneralfixedasets.aproximately57.60percentofthefixed asetsarevaluedatactualhistoricalcostwhiletheremaining42.40percent arevaluedatestimatedhistoricalcost,basedonhistoricalcostofsimilar items. L.COMPENSATEDABSENCES Al12-monthemployesearn10daysofvacationleaveeachyear.Upon separation,alunusedvacationleaveisforfeited. AlscholboardemployesearnfromI0to18daysofsickleaveachyear, dependinguponthenumberofmonthsemployedeachyearandthelengthofservice withthescholboard.sickleaveforteachersandbusdriversmaybe acumulatedwithoutlimitation,whilealotheremployesarelimitedto25days acumulatedsickleave.uponretirementordeath,unusedsickleaveofupto25 daysispaidtothemploye(orheirs)athemploye'scurentrateofpay. UndertheLouisianaTeacher'sRetirement,thetotalunusedacumulatedsick leave,includingthe25dayspaid,isusedintheretirementbenefitscomputation asearnedservice. Sabaticaleavemaybegrantedforestandrecuperationandforprofesional andculturalimprovement.anyemployewithateachingcertificateisentitled, subjectoaprovalbythescholboard,tonesemesterofsabaticaleave afterthreyearsofcontinuouserviceortwosemestersofsabaticaleave aftersixyearsofcontinuouservice.sabaticaleavebenefitsarerecorded asexpendituresintheperiodpaid. Thecostofcurentleaveprivileges,computedinacordancewithGAS CodificationSectionC60,isrecognizedasacurent-yearexpenditureinth governmentalfundswhenleaveisactualytaken.thecostofleaveprivilege notrequiringcurentresourcesisrecordedinthegeneralong-termdebtacoun group.

27 SABINEPARISHSCHOLBOARD Many,Louisiana NotestotheFinancialStatements(Continued) M.LONG-TERMDEBT thegeneralong-termdebtacountgroup.expendituresforprincipaland interestpaymentsforlong-termdebtarerecognizedinthegovernmentalfunds Long-termdebtexpectedtobefinancedfromgovernmentalfundsarereportedin whendue. N.FUNDEQUITY Reserves-representhoseportionsoffundequitynotapropriablefor expendituresorlegalysegregatedforaspecificfutureuse. Designated-represententativeplansforfutureuseofinancialresources O.INTERFUNOTRANSACTIONS Quasi-externaltransactionsareacountedforasrevenuesorexpenditures. Transactionsthatconstitutereimbursementstoafundforexpendituresinitialy madefromitthatareproperlyaplicabletoanotherfundarerecordedas expendituresinthereimbursingfundandasreductionsofexpendituresinthe fundthatisreimbursed. At1otherinterfundtransactions,exceptquasi-externaltransactionsand reimbursements,arereportedastransfers.nonrecuringornonroutinepermanent transfersofequityarereportedasresidualequitytransfers.alother interfundtransfersarereportedasoperatingtransfers. P.SALESTAXES TheSabineParishScholBoardisauthorizedtolevy,withinSabineParish,aone percentsalesandusetax.theprocedsofthetaxarededicatedtothepayment ofsalariesofteachersandfortheoperationofthepublicscholsinsabine Parish.ThesalestaxiscolectedbytheSabineParishTaxComision. Q.TOTALCOLUMNSONCOMBINEDSTATEMENTS Substantialyalcashreceivedbythescholboardisdepositedintoapoledcash acount.eachfundwithmoniesdepositedintotheacounthasequityintheacount. Certainfundsincludedinthepoledcashacounthavemadedisbursementsinexcesof theirindividualequities.thebalancesoftheseamountshavebenagregatedbyfund andreportedonstatementaasinterfundreceivables/payables.

28 SABINEPARISHSCHOLBOARD Many,Louisiana NotestotheFinancialStatements(Continued) 3.FUNDEFICITS ThefolowingindividualfundshavedeficitfundbalancesatJune30,198 DebtServiceFunds-ScholDistricts: Amount ConverseNo.8BondFund NegretNo.62BondFund $5,621 PleasantHilNo.42BondFund 12,967 1,691 Managementintendstoeliminatethedeficitsbyincreasingrevenuesthroughadjustment oftheadvaloremtaxmilageswithineachdistrict. 4.EXPENDITURES-ACTUALANDBUDGET Thefolowingindividualfundshadactualexpendituresoverbudgetedexpendituresfor theyearendedjune30,198: IndividualFund UnfavorableVariance GeneralFund SpecialRevenueFunds- $17.284,538 Budget $17, A~tual $375,06 Amount PerCent 2.12~ Bnildin~&EquipmentFunds: Converse Florien 40.0 Negret 130,0 45,070 PleasantHil 80,0 150,49 5,070 5.CASHANDCASHEQUIVALENTS Zwole Zg,30D 8,92 20,49 83, ,972 30,90 8, , , AtJune30,198,thescholboardhascashandcashequivalents(bokbalance)totaling $8,73,698ininterestbearingdemandepositsandshort-termcertificatesofdeposit. 18

29 SABINEPARISHSCHOLBOARD Many,Louisiana NotestotheFinancialStatements(Continued) Eventhoughthepledgedsecuritiesareconsidereduncolaterized(Category3)underthe provisionsofgasbstatement3,louisianarevisedstatute39:129imposesastatutory requirementonthecustodialbanktoadvertiseandselthepledgedsecuritieswithin 10daysofbeingnotifiedbythescholboardthathefiscalagenthasfailedtopay depositedfundsupondemand. 6.INVESTMENTS AtJune30,198,thescholboardholdsthefolowinginvestments pescrption Category c F6ir Value Carying Governmentsecurities $ NONE NONE $ Value $ RECEIVABLES ThereceivablesatJune30,Igs,areasfolows Localsources- Clas sofreceivable General Fund Special Revenue Intergovernmenta Other Stategrants salesandusetaxes $35,0 Funds Total Federalgrants l: 8.FIXEDASETS Totals 16,438 $35,0 $201,438$502,963$704,40 $502, , , = = = ThechangesingeneralfixedasetsfortheyearendedJune30,198,folow: Balance,June30,197 Aditions $267,436$2,986,gi0 Balance,June30,198 $267,436$2,986,910 LandBuildings Furnitureand Equipment $4,374,312 Total :=~ =: = $4,576,05 =~=~= 201,693 $27,628,658 $27,830, ,693 =

30 SABINEPARISHSCHOLBOARD Many,Louisiana NotestotheFinancialStatements(Continued) g.retirementsystems Teacher'sRetirementSystemofLouisiana(TRS)-consistsofthremembershiplans: RegularPlan,PlanA,andPlanB.TheTRSprovidesretirementbenefitsaswelas disabilityandsurvivorbenefits.tenyearsofservicecreditisrequiredtobecome vestedforetirementbenefitsandfiveyearstobecomevestedfordisabilityand survivorbenefits.benefitsarestablishedbystatestatute.planmembersarerequired tocontribute8.0percent,g.1percent,and5.0percentoftheiranualcoveredsalary fortheregularplan,plana,andplanb,respectively.thescholboardisrequired tocontributeatanactuarialydeterminedrate.lhecurentrateis76.4percentof anualcoveredpayrolforalthremembershiplans,membercontributionsforthe TRSarestablishedbystatestatuteandemployercontributionratesarestablished bythepublicretirementsystems'actuarialcomite.thescholboard'semployer contributionforthetrs,asrequiredbystatestatute,isfundedbythestateof Louisianathroughanualapropriations,bydeductionsfromlocaladvaloremtaxes,and byremitancesfromthescholboard.thescholboard'scontributionstothetrsfor theyearsendedjune30,igs,ig7,andig6were$7,923,752,$i,806,073,and $1,741,134,respectively,equaltotherequiredcontributionsforeachyear.TheTRS isuesapubliclyavailablefinancialreporthatincludesthefinancialstatementsand requiredsuplementaryinformationforthetrs.thisreportmaybeobtainedbywriting theleachers'retirementsystemoflouisiana,postoficebox9~123,batonrouge, Louisiana ,orbycaling(504) LouisianaScholEmployes'RetirementSystem(LSERS)-providesretirementbenefits aswelasdisabilityandsurvivorbenefits.tenyearsofservicecreditisrequired tobecomevestedforetirementbenefitsandfiveyearstobecomevestedfordisability andsurvivorbenefits.benefitsarestablishedbystatestatute.planmembersare requiredtocontribute6.35percentoftheiranualcoveredsalaryandthescholboard isrequiredtocontributeatanactuarialydeterminedrate.thecurentrateis6.0 percentofanualcoveredpayrol.membercontributionsforthelsersarestablished bystatestatuteandemployercontributionratesarestablishedbythepublic RetirementSystems'ActuarialComite.Thescholboard'semployercontributionfor thetrs,asrequiredbystatestatute,isfundedbythestateoflouisianathrough anualapropriations.thescholboard'scontributionstothelsersfortheyears endedjune30,ig8,ig7,andig96,were$67,g6g,$70,830,and$72,g5,respectively, equaltotherequiredcontributionsforeachyear.thelsersisuesapublicly availablefinancialreporthatincludesthefinancialstatementsandrequired suplementaryinformationforthelsers.thisreportmaybeobtainedbywritingthe LouisianaScholEmployes'RetirementSystem,PostOficeBox4516,BatonRouge, Louisiana70804,orbycaling(504)

31 SABINEPARISHSCHOLBOARD Many,Louisiana NotestotheFinancialStatements(Continued) 10.OTHERPOSTEMPLOYMENTBENEFITS Thescholboardofersitsemployesadeferedcompensationplancreatedinacordance 1.DEFEREDCOMPENSATIONPROGRAM withinternalrevenueservicecodesection457.theplan,whichisavailabletoal employes,permitsemployestodeferaportionoftheirsalariesuntilfutureyears. BasedonthelawsinefectpriortotheamendmentofIRC457plans,thescholboard reportedthedeferedcompensationplanasanagencyfund.withthepasageof amendmentstothecodesection,thescholboardhasdeterminedthataltheasetsand incomeofitscurentdeferedcompensationplanisbeingheldintrustforthe exclusivebenefitoftheparticipantsandtheirbeneficiariesandthatheasetsof theplanarenotbeingheldintrustecapacitybythescholboard. Acordingly,andinacordancewithGASBStatement32,thescholboardhasdiscontinued reportingofthedeferedcompensationplaninitsfinancialstatements. 1Z.COMPENSATEDABSENCES AtJune30,198,employesofthescholboardhaveacumulatedandvested5328,g7 inemployeleavebenefits,whichwerecomputedinacordancewithgasbcodification SectionC60.Thetotalamountofthesebenefitsisrecordedwithinthegeneralongtermdebtacountgroup. 13.CHANGESINGENERALONG-TERMDEBT Thefolowingisasumaryofthelong-termdebtransactionsforthetwoyears endedjune30,ig8: Bonded Certificates Notesand Long-termdebtpayableat Debt IndebtednesAbsences of Compensated Total Aditions Deductions July1,Ig7 $g,036,0 5,304,0 Long-termdebtpayableat (1,490,0) $124,821 (41,g87) 1,180 June30,Ig98 $309,060 (SB,296) 78,23 $9,469,81 (1,590,283) 5,393, ,850,0 =~ =~ 594, ,g7513,273,01 =~==~= =

32 SABINEPARISHSCHOLBOARD Many,Louisiana NotestotheFinancialStatements(Continued) BondedDebt-AlscholboardbondsoutstandingatJune30,198,intheamountof $12,850,0,aregeneralobligationbondswithmaturitiesfrom194to2021andinterest ratesfrom4.5to10.0percent.bondprincipalandinterestpayableinthenextfiscal yearis$538,0and$679,96,respectively.theindividualisues,whichareserial bondspayablefromtherespectivescholdistrictdebtservicefunds,areasfolows: BondIsue Original Converse: ]sue InterestFinal EbarbNo.17 Sabine: No.8-A $750,0 (PerCent)Due RatesPayment Interest MaturityOutstandingTotal to Principal 45D, / $41,50 Many:No.34 No.20 lo,o05-02/04/ ,025 $590,0$1,01,50 2,50,07.1 1,875, PleasantHi]l 1,70,0-1004/01/ /01/ ,0 642,025 Zwol]e: No.42 30,0 NegretNo. 1,0,0 No.61 2,0,0 815, ,768 2,645 1,85,0 10, , /27/ , ,0,0 215,0 2,620, I-5, / ,50 2,0 1,358, ,645 05/D1/ /01/ ,103 Z96,63 19, ,01,35,50 2,240 1,690,0 505,0 750,0 2,64, A62-A 1,080, /01/20315,145 58,0D 1,046,63 624, ,145 Total $17,864,0 4,50, /01/20182,919,5604,50,07,419,560 =i=~ $6,76,473$12,850,0$19,605,973 AlprincipalandinterestrequirementsarefundedinacordancewithLouisianalawby = = ananualadvaloremtaxlevyontaxablepropertywithintheparish.atjune30,198, thescholboardhasacumulated$z41,613inthedebtservicefundsforfuturebonded debtrequirements.thebondsaredueasfolows: YearEndedJune30 BondedIndebtednes Principal Payments Interest Payments Total Thereafter $ Total $1,217,96 1,27,847 1,26,154 1,231,62 $12,850,0$6,76,473 $19,616,473 14,712,856 =~ 2

33 SABINEPARISHSCHOLBOARD Many,Louisiana NotestotheFinancialStatements(Continued) BondedDebt-Defeasance-InSeptember]97,thescholboardsold$784,0ingeneral obligationbondswithinterestrateof0.1to5.20percent(zwolescholdistrictno. 61,GeneralObligationScholRefundingBonds,Series197,dated9/I/97).Thenet procedsof$784,290(afterpaymentofcurentyeardebtservicerequirementsandbond isuecosts)anddistrictfundsintheamountof$78,0,wereusedtorefundalof the$80,0inoutstandingbondsofthezwolescholdistrictno.61general ObligationBonds,Series1984.Asaresult,theSeries1984oftheZwoleSchol DistrictNo.61areconsideredefeasedandtheliabilityforthosebondshasben removedfromthegeneralong-termdebtacountgroup.thescholboardrefundedthe isuetoreduceitstotaldebtservicepaymentsoverthenext10yearsbyaproximately $29,252andtobtainaneconomicgain(diferencebetwenthepresentvaluesofthe debtservicepaymentsontheoldandnewdebt)ofaproximately$134,296. Inprioryears,thescholboardefeasedcertaingeneralobligationbondsbyplacing theprocedsofthenewbondsinanirevocabletrustoprovideforalfuturedebt servicepaymentsontheoldbonds.acordingly,thetrustacountasetsandthe liabilityforthedefeasedbondsarenotincludedinthescholboard'sfinancial statements.atjune30,i98,atotalof$2,260,0ofbondsoutstandingareconsidered defeased. NotesandCertificatesofIndebtednes-Thenotepayableconsistsofabank November1,]96,intheoriginalamountof$15,0,dueinfouranualin of$4,10throughaprili,20.thedebtiservicedfromtheebarbno. DistrictBuildingandEquipmentFund.AtJune30,198,theoutstandingpr $7,642,andoutstandinginterestomaturityis$58. oandate talment 17Scho ncipali ThecertificateofindebtednespayableconsistsofacertificatedatedJuly1,190, intheoriginalamountof$325,0,duein10anualinstalmentsofvaryingamounts throughjulyi,20,withaninterestrateof8percentperanum.thedebtis servicedfromthesabineno.20scholdistrictcertificateofindebtednesfund.at June30,198,theoutstandingprincipalis$]24,821,andoutstandinginteresto maturityis$20,483.thecertificatesaredueasfolows: Notesand CertificatesofIndebtednes YearEndedJune Total 23 Principal Payments 45,250 48,763 Interest PaymentsTotal 7,284 3,7152,534 52,534 $94,014$1,05$105,069

34 SABINEPARISHSCHOLBOARD Many,Louisiana NotestotheFinancialStatements(Continued) 15.RISKHANAGEMENT Thescholboardisexposedtovariousrisksrelatedtotorts,theftof,damageto,and destructionofasets;erorsandomisions;injuriestoemployes;andnatural disasters. Withre thepol boardh osesbelow haveno theserisks scalyears. theschol Withrespectoinjuriestoemployes(worker'scompensation),thescholboardhas initiatedariskmanagementprogramforworkers'compensationinsurance.operationof thisprogramisacountedforwithinthegeneralfundthroughthedesignationofund balancearidfundsareavailabletopayclaims,claimreserves,andadministrativecosts oftheprogram.duringthefiscalyearendedjune30,198,atotalof$159,608was incuredforpaymentofbenefitsandadministrativecosts.anexcescoverageinsurance policycoversclaimsinexcesof$20,0withanagregateof$657,796.]nterfund premiumsarebasedprimarilyontheindividualfunds'payrolandarereportedas expendituresintheindividualfunds. ThefolowingpresentsasumaryofthechangesinthefundbalanceoftheGeneralFund designatedfortheself-insuranceprogramfortheyearendedjune30,198: Balance,June30,197 Revenues $251,478 Expenditures 183, FUNDBALANCE Balance,June30,198 $435,234 NONE DesignatedforSelf-Insurance Thprapin 24

35 SABINEPARISHSCHOLBOARD Many,Louisiana NotestotheFinancialStatements(Continued) DesignatedforLong-Ter~Recelvable/Payable rictbuildingandequipment(specialrevenue)fundsfromthegeneralfund.thefund hiaqb ncesoftherespectivefundshavebensegregatedsincetheseportionsofund tyarenotcurentlyapropriableforexpenditures.thefolowingisasumaryof etransactionsfortheyearendedjune30,]g8: scholboardhasaprovedcertainon-interestbearingloanstoseveralschol Balance,June30,197 a ntsp gret cialrevenuefunds Deductions Balance,June30,198 $15,7(g,] $6,6 17.YEAR20ISUE $2($I=z go0 = o0 Total $37,20 o0 = (18,70 $18,50 = TheYear20Isueistheresultofshortcomingsinmanyelectronicdataprocesing systemsandotherelectronicequipmenthatmayadverselyafecthescholboard's operationsasearlyasfiscalyear19. Thescholboardhascompletedaninventoryofthemision-criticalcomputersystems thatmaybeafectedbytheyear20isueandthatarenecesarytoconductingschol boardoperations.thescholboardisintheprocesoftestingandvalidatingthe electronicequipmenthatisconsideredmision-criticaltoconductingscholboard operations. BecauseoftheunprecedentednatureoftheYear20Isue,itsefectsandthesuces ofrelatedremediationefortswilnotbefulydeterminableuntiltheyear20and thereafter.managementcanotasurethathescholboardisorwilbeyear20 ready,thathescholboard'sremediatlonefortswilbesucesfulinwholeorin part,orthatpartieswithwhomthescholboardoesbusineswilbeyear20ready. 25

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37 SABINEPARISHSCHOLBOARD SUPLEMENTALINFORMATIONSCHEDULES Many,Louisiana AsofJune30,198,andfortheYearThenEnded SPECIALREVENUEFUNDS SABINEALTERNATIVESCHOL-TitleV-DelinquencyPreventionProgram(CFDANo.16.54B) FEDERALFUNDS -isafederalyfinancedprogramwhoseobjectiveistoincreasethecapacityofstate andlocalgovernmentstosuporthedevelopmentofmorefectivepreventionprograms toimprovethejuvenilejusticesystemthroughariskandprotectivefactorfocused programingaproach. ELEMENTARYANDSECONDARYEDUCATIONACTFUNDS TitleI-GrantstoLocalEducationalAgencies(CFDANo )-isafederaly financedprogramwhoseobjectiveistoimprovetheducationaloportunitiesof educationalydeprivedchildrenbyhelpingthemsucedintheregularscholprogram, ataingradelevelproficiency,improveachievementinbasicandmoreadvancedskils, andprogrestothesamehighstandardsasotherchildren. TitleVI-InovativeEducationProaramStrateaies(CFDANo )-is financedprogramwhoseobjectiveistoensurethateachers,staf,a ionalafederaly agenciesin haveacestosustainedandintensivehigh-qualityprofesional -isafederaly chalengestatecontentstandardsincoreacademicsubjects. ndadministrators development,to INDIANEDUCATION-GrantstoLocalEducationalAgencies(CFDANo )-is federalyfinancedprogramdesignedtosuportlocaleducationalagenciesinthei efortstoreformelementaryandsecondaryscholprogramsthatserveindianstudent inordertoensurethatheprogramsarebasedonchalengingstatecontentstandards ADULTEDUCATION-StateGrantProgram(CFDANo.84.02)-isafederalyfinanced programwhoseobjectiveistoimproveducationaloportunitiesforadultsandto encouragethestablishmentofadulteducationprogramsthatwilenablealadultsto acquirebasiceducationalskilsnecesarytofunctioninsociety. ives more and ion, ding nced

38 SABINEPARISHSCHOLBOARD SUPLEMENTALINFORMATIONSCHEDULES (Continued) SPECIALEDUCATION-ChildrenwithDisabilities(CFDANo.84.09),GrantstoStates (CFDANo ),PrescholGrants(CFDANo.B4.173),andGrantsforInfantsand FamilieswithDisabilities(CFDANo )-arefederalyfinancedprogramswhose objectivesincludeprovidingasistancetostatesasameansofprovidingafre apropriatepubliceducationtoalchildrenwithdisabilities. GOALS20-StateandLocalEducationSystemicImprovement(CFDANo )-isa federalyfinancedprogramwhoseobjectiveistoprovidegrantstostateeducation Agencies(SEA's)asameansofsuportingthedevelopmentandimplementationofa comprehensivereformplanathestate,local,andscholevelstoimproveteaching andlearningofalstudents. CHILDCAREANDEVELOPMENT-BlockGrant(CFDANo )-isafederalyfinanced programwhoseobjectiveistomakegrantsavailabletoasistlow-incomefamilieswith childcareservices. MEDICAID(CFDANo.93.78)-isafederalyfinancedmedicalasistanceprogramwhose objectiveistoprovidephysicians'services,earlyandperiodicscrening,diagnosis, andtreatmentforeligiblescholchildren. JOBTRAININGPARTNERSHIPACT(CFDANo )-isafederalyfinancedprogramwhose objectiveistoprovidejobtrainingandrelatedasistancetoeconomicaly disadvantagedindividuals.theultimategoaloftheprogramistomovetrainesinto permanent,self-sustainingemployment. HEADSTART(CFDANo.93.60)-isafederalyfinancedprogramwhoseobjectiveisto providecomprehensivehealth,educational,nutritional,social,andotherservices primarilytoeconomicalydisadvantagedprescholchildren. SCHOLDISTRICTBUILDINGANDEquIPMENT-acountfortheprocedsofadvaloremtaxes leviedforuseinthemaintenanceandoperationofthescholsintheirespective scholdistricts. 27

39 SABINEPARISHSCHOLBOARD Schedulei Many,Louisiana GOVERNMENTALFUNDTYPE-SPECIALREVENUEFUNDS CombiningBalanceShet,June30,19B DISTRICT FEDERAL BUILDING SCHOL ASETS FUNDSSCHOL LUNCH EQUIPMERT FUNDS AND TOTAL Cashandequivalents Receivables Inventory $23,590$485,350 ]nterfundreceivables 502,78520,128 $10, ,694 TOTALASETS $526,375$505,478 LIABILITIESANDFUNDEQUITY i~=.~m. $138,463$1,170,316 Liabilities: Salariesandwltholdingspayable Interfundpayables FundEquity-fundbalances= TotalLlabilties $20,215$98,417 32, ,14398, $2,309 $298, , ,940 Unreserved= Designate~forlong-ter~ Undesignated TotalFundEquity interfundloanpayable 3,232406, ,154 18,50 17, , ,376 18,50 TOTALIABILITIESAND FUNDEQUITY $526,375 $505,478$138,463$1,170,316.m.m.m.~. 28

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41 SABINEPARISHSCHOLBOARD Many,Louisiana GOVERNMENIALFUNDTYPE-SPECIALREVENUEFUNDS CombiningScheduleofRevenues,Expenditures,andChangesinFundBalances FortheYearEndedJune30,198 REVENUES Localsources: Advaloremtaxes Rentals,leasesandroyalties Interestearnings Fodservices Miscelaneous Statesources: Unrestricted-grants-in-aid Restrictedgrants-in-aid Federalsources: Restrictedgrants-in-aid-direct Restrictedgrants-in-aid-subgrants Totalrevenues EXPENDITURES Curent: Instruction: Regularprograms Specialprograms Adultandvocationalprograms Otherprograms Suportservices: Student Instructionalstaf Generaladministration Scholadministration Busines Plant Studentransportation Fodservices Comunityserviceprograms Facilitiesacquisitionandconstruction Debtservice-principalretirement Totalexpenditures (Continued) FEDERAL FUNDS $62 SCHOL LUNCH $17, , ,427 67,969 2,439,561,263,850 Schedule2 SCHOL BUILDING AND EQUIPMENT FUNDS TOTAL 63,809 48, ,236 48,073 67,969 3,703,415 2,507,5961,67,175 6,5924,841,364 6,604 1,168,723 43, ,287 18, ,717 2,137 43,820 14,072 92,875 73,432 18,5041,781,579 2, ,415 20,409 36, ,82 30,94 56,484 2,80 39,019 68,723 43,548 21,287 2,50,9361,781,579686,4144,968,929 29

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43 SABINEPARISHSCHOLBOARD Schedule2 Many,Louisiana GOVERNMENTALFUNDTYPE-SPECIALREVENUEFUNDS CombiningScheduleofRevenues,Expenditures,andChangesinFundBalances FortheYearEndedJune30,198 FEDERAL FUNDS SCHOL BUILDING SCHOL LUNCH EQUIPMENT FUNDS AND TOTAL $6,61($14,404)($19,82)($127,565) Totalotherflnanclngsources(uses) ( , ,105 10,90 (8,0 15,717 18, ( CES(Deficiency)OFREVENUEAN _~_78-4_ FUNDBALANCEATBEGININGOFYEAR SOURCESOVEREXPENDITURESAND0 4,727 FUNDBALANCEAlENDOFYEAR (1,495) 372,28 34,701 (1,205)38,23 $3,232 =~= =~ $406,989 = $136, ,359 ~ 508,153 $546,376 ~.~ (Concluded) 30

44 SABIOEPARISHSCHOLBOARD Many,Louisiana GOVERNENIALFUNDIYPE-SPECIALREVENUEFURDS-FEDERALFUNDS CombiningBalanceShet.June3D.198 ASEPS ALTERNAIVE SABINE Cashandequivalents SCHOL GRANTSTO Receivables TITLEI LEA'S DRUG-FRE SCHOLS AND PROFESIONAL DEVELOPMEN3 EISENHOWER INOVATIVE EDUCATION PROGRAMINDIANADUL~ EDUCATIONEDUCAYION $14,873$262j470$15,937$S,BD $14.873$262,470$15~937$5,806NONE$12,968$10,024 $12,968$10,D~4 LIABILITIESANDFURDEqUIY Liab(lt(es~ Acountspayable SaIarlesandwltholdtngspayable 3nter~undpayables lotalllabilties $14,873 $10, ,429$15,937 FundEquity-fundbalancesunreserved/undesignated 262, NONE $ SD $ NONENONENORE NONENONENONENONE 10,024 IOPALIABILIESANDFUNDEQUITY$14,873$262,470$15,937$S,BO6NUNE$12,96B$1D,

45 VOCATIONALSPECIALGOALSCAREAND EDUCA]ONEDUCATION2ODDEVELOPMENTMEDICAIDPARTNERSHIPHEAOSTARTTOTAL CHILD TRAINING JOB $2,8 5$25,513$58,598,9652,586$14,370$82,575502,629 $7,627$I,090 $23,590 $2,815$25,513$58,59$16,592$3,676$14.370$82,575$528,219 $2,8152,815 $I,940 56,659 58,5916,592 14,017 14,370 $354 $48,253 34,32 82,575 $20,215 32,71 NONENONENONENONE3,232NONE NONE3,232 52,986 $2,815$25,513$58,59$16,592$3,678$14,370$82,5}'5$526,219 32

46 SABINEPARISHSCHOLBOARD Many,Louisiana GOVEBNMENIALFUNDTYPE-SPECIALREVENUEFUNDS-FEDERALFUNDS CombiningScheduleofRevenues,Expenditures,andChangesInFundBalances FortheYearEndedJune30,19B REVENUES ALTERNATIVE SABINE Localsources-other SCHOL TITLEI GRANTSTO ON Federalsources= Grants-In-aid: Restricted-direct $62 LEA'SAND DRUG-FRE SCHOLSEISENHOWER PROFESIONAL DEVELOPMENT INOVATIVE EDUCATIONINDIAHADULT PROGRAMEOUCAIONEDUCATION Restricted-subgrants 78,19$1,18B,79B$28,974$24,254$24,947 EXPENDIURES 78,2611,18B,79828,97424,25424,947 $67,969 $41,753 Curent: Instruction: Regularprograms Suportservices: Specia}programs Adultandvocationalprograms Otherprograms Student Instructionalstaf Generaladministration 70,5361,465 Scholadministration 1,026,164 Fodservices Busines )2, lo,g84 24,94764, Comunityserviceprograms Plant FaclItlesacquisitionandconstructlon Studentransportation 38,7306,819 5, IT6 36, Z, ,3871,160,92328,25423,65124,047 6,278 OIHERFIHANCINgSOURCES OperatingtransfersIn 36,126727, ,691 Operatingtransfersout Saleofasets lotalotherfinancingsources(uses7 36,E26(27,87B) 40, )(o03) UNDBALANCEAlBEBINRINGOFYEA flclencv)of (27,8757(7207(6037NONE(I,6917(9867 BORENONENONE NONENONENONENONE UNDBALANCEA1EHDOFYEA NONENONENONE HONENONENONENONE NONENONENONENONE 3

47 Schedule4 VOCATIONAL EDUCATIONSPECIAL EOUCATIONGOALS20 CAREAND DEVELOPMENTMEDICAIOPARTNERSHIPMEADSTANTTOTAL CHILD TRAINING JOB 67,969 $62 $54,78$3D2,434$86,309$4,689$9,325$40,0$515,1062,439,56 54,78302,43406,3094,6099,32540,0515,1062,507,596 $2, , $2,919 $51,80128,690 10,25278,615 $1,676 $40,0 204,4231,168, ,287 6,604 43,548 18, , , I18,893 10,76 794, B NONE 296,72B5,219 31,169 2,137 71,342 43,820 17,859 14,072 92,875 73,432 18,504 40,0 516,836 2,50, (1,730) ,126 (5,712)(1,090) (1,1)NONE NONE (50,841) 12,782 (1,93) NONENOfENONENONE4,727NONENONE4,727 NONENONENONE HONENONENONE NONE($1,495)NONENONE(1,495) NONE$3,232NONENONE$3,232 34

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49 SABINEPARISHSCHOLBOARD Many,Loul~lana GOVERNMENFALFUNDTYPE-SPECIALREVENUEFUNDS-BUILDINGANDEQUIPMENTFUNDS ComblnlngBalanceShet,June30,198 ASEqS Cashandequivalents CONVERSEEBARBFLORIENMANYHEGRET RecelvBbles Interfundreceivables $20,476$2,028$13,95D$I,61A$37, ,8901,6894,4616,14g3,240 PLEASANT HILZWOLEIOTAL $FB,D7 LIABILITIESANDFUNDEQUITY $2,36$3,717$18,412$7,763$40,93$3,291$41,981$138,463 6,974 Llablties= Acounts,salarfe~,andotherpayables Interfundpayables FundEquity-fundbalances: Designatedforlong-temInterfund TotalablIitles N0NENONENONENONE2,30gNONE2.3DR $2,309 $2,30R Unreserved-undesignated payable TotalFundEquity $2,36(8,183$18,412$7,76334,3982$41,98117,654 $1,90 $6,80 1B,50 IOTALIABILIlESANDFUNDEQUITY $2,36$3,717$18,412$7,763$40,93$3.291$41.981$138, ,71718,4127,76340,93.~......,35

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51 SABINEPARISHSCHOLDOARG Nany,Louisiana SPECIALREVENUEFUNDS-SCHOLDISTRICF-BUILD NGANDEQUIPNEN7FUNDS CombiningScheduleofRevenues,Expenditures.andChangesInFundBa)ances FortheYearEndedJuneSO,198 REVENUES Loca~sources: CONVERSEEBARBFLORIENHANYNEGNETHILZHOLEIOTAL PLEASAN1 Advaloremtaxes Statesources: Rentals,leasesandroyalties Interestearnings Miscelaneous $14,849$17,31$10,52$15,929$78,956 Unrestrictedgrants-In-aid B48651,706 4,20 1,0 Restrictedgrants-In-aid lo,o 5,265 13,386 $105,413 1,650 EXPENDITURES 50,645 23,4 3,802,20 145,406 19,940 9,73D 15,5031,1214,05614,254 1,71390 $527,7396,8505,836 96E3,101,872 14, ,68493,74331, ,809 48,073 6,592 Curent: Instruction-regularprograms Suportservices: Generaladministration Scholadministration 7,978 Plantservlces Studentransportationservices 32,958 1,81 Facilitiesacquisitionandconstruction 1, ,4574,290 Debtservice EXCESDeficiency)OFREVENUESOVER 45,070 13,40 657R206,4701,0302,20 93,4642,]OZ 39,230 9,03R 5,948 9,538 4,429 16,78 8, ,062 20,OR 4.8 3,740 9, ,415 78,370 6,95 24,B ,623 30,90 5, ,8R2 20,409 36,491 30,94 132, ,484 2,80D Operatingtransfers~- OIHERFINANCINGSOURCES EXPENDlURES Operatingtransfersout Saleofasets 5,30 lotalotherfinancingsources 1,15D GININGOF OFHER NONE5.30NONE1,150 1,287 19,82) NONE (8,O) 15,717 18,79](45ZJ41,59610,5340,903lOB27,864137,359 5,5754,168{23,1841(Z,790) ,17(1,205) $2,365$3,717$18,412$7,763$40,93$982$41,981$136,154 36

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53 SABINEPARISHSCHOLBOARD SUPLEMENTALINFORMATIONSCHEDULES Many,Louisiana AsofJune30,Ig98,andfortheYearThenEnded DEBTSERVICEFUNDS Thedebtservicefundsofthevariouscholdistrictsareusedtoacumu]atemonies forthepaymentofoutstandingbondisuesandcertificatesofindebtednes.thebonds andcertificatesofindebtedneswereisuedbytheindividualscholdistrictsto acquirelandforbuildingsites,erectandimprovescholbuildings,andacquirethe necesaryequipmentandfurnishingthereof.thebondisuesandcertificatesof indebtednesarefinancedbyaspecialadvalorempropertytaxleviedwithinthe individualscholdistricts.

54 SABINEPARISHSCHOLBOARD Many,Loulslana GOVERHMEHFALFUNDTYPE-DEBTSERVICEFUNDS-SCHOLDISTRICTS CombiningBalanceShet,June30,198 CONVERSEEBARB NO.8-ANO.17MANY $586$10,140 NO.34 NO,62-AHIL 2,856 HEGNET $25,17 NO.42ZHOLE NO.61SABINE NO,20 ]92,285 $97,519$29, ,0651D,SlN LIABILIESANDFUNDEQUITY $16,960$686$12,96$217,402NONE$391,584$67,253 26,B09 Liabilities: NaturedbondsanInterestpayab e Interiundpayable FundEquity-fundbalances(deflclt] Reservedfordebtservice Totalilabltles $16,360 5,521 21,981 $2.856 $192,285 Unreserved-undesignated lota)fundequlty 5,621)$68610, ,09412,967 2b,809$]2,967 $294,065$10,575 lotaliabilitiesand lo,i4d (1,691)(12.967) In,fiTS (1,691)(lZ,R67) FUNDEQUIY $16,360$686$12,96$217,40ZNONE$391,584$67,253 38

55 PLEASANTSOUIT- CERTIF]CATESOF NO.42NO.20 ~NDEBIEDNES HILlSABZNE $9,74l$160,039$3,1] 516,I4I $9,741$160,039$876,06} 26,809 NONE $96,869 NONE $516,24l 561,538 45= ,039 63,~69 $9,74 $160,039$876,061 39

56 SABINEPARISHSCHOLBOARb Many,Loulslana GOVERNMEHIALFUNDTYPE-DEBTSERVICEFUNDS-SCHOLDISTRICTS CombiningScheduleofRevenues,Expenditures,andChangesinFundBa%ances FortheYearEndedJune30,198 REVENUES CONVERSEEBARBMANY localsources: NO.8-ANO.17NO.34NEGRET NO.62-AHILNO.42ZWOLE NO.61SABINE NO.20 Statesources-unrestricted Advaloremtaxes Interestearnings grants-in-ald $10,438$3,95$269,476$145,317$62,823$353,638$240,35 1, ,4511,414 7,0753,940 EXPERDIEURER 101,62634,023272,927146,73162,823360,71224,205 Curent: Instructlon-regularprograms Suportservices: Generaladministration Busineservices Debtservice: Studentransportationservices Principalretirement Plant 3,4141,1309,03935,8602,1372,3158,089 Interestandcharges Facilitiesacquisition 65,0 102,259 3,846 10,0 23,021 34, ,0 26,807 61,768 10,0 43,64020,0 40,046 63,083 1,212, ,0D 216, ,0 104, ,574 OTHERFINARCINGSOURCES(USES) Interestonsaleofbonds 634)(120)6,120(32,769)(260)(852,028)6,721 Procedsonsaleofrefundingbonds lotalotherfinancing 4,I41 sources(uses) NONENONENONE4,141HONE784,0NONE 784,0D0 FUNDBALANCES[Oeflclt~ (4,987)0144, (12,707)165, )(120)6,120(20,828)(260)(68,028)6.721 ENDOFYEAR ($5,621)$606$10,140($1,691)($12,R67)$97.519$g6,678 40