Marsha O. Millican A Professional Accounting Corporation Shreveport, Louisiana

Transcription

1 FORENSIC NURSE EXAMINERS OF LOUISIANA. INC. SHREVEPORT. LOUISIANA FINANCIAL STATEMENTS December Marsha O. Millican A Professional Accounting Corporation Shreveport, Louisiana

2 FORENSIC NURSE EXAMINERS OF LOUISIANA, INC. Table of Contents December 31,2015 Page ACCOUNTANT'S COMPILATION REPORT 1 FINANCIAL STATEMENTS Statement of Financial Position Statement of Activities and Changes in Net Assets Statement of Cash Flows Schedule of Compensation, Reimbursements, Benefits and And Other Payments to Agency Head Exhibit A Exhibit B Exhibit C 2 3 4

3 Vlarsha O. Millican A PROFESSIONAL ACCOUNTING CORPORATION To the Board of Directors Forensic Nurse Examiners, Inc. Shreveport, Louisiana Management is responsible for the accompanying financial statements of Forensic Nurse Examiners, Inc. (a non-profit corporation), which comprise the statement of financial position as of December 31, 2015, and the related statements of activities and changes in net assets, and cash flows for the year then ended, in accordance with accounting principles generally accepted in the United States of America. I have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. I did not audit or review the financial statements nor was I required performing any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, 1 do not express an opinion, a conclusion, nor provide any form of assurance on these financial statements. The supplementary information contained on page 5 is presented for purposes of additional analysis and is not a required part of the basic financial statements. This information is the representation of management. The information was subject to my compilation engagement; however, I have not audited or reviewed the supplementary information and, accordingly, do not express an opinion, a conclusion, nor provide any form of assurance on such supplementary information. Management has elected to omit substantially all of the disclosures ordinarily included in the financial statements prepared in accordance with accounting principles generally accepted in the United States of America. If the omitted disclosures were included in the financial statements, they might influence the user's conclusions about the Company's financial position, results of operations, and cash flows. Accordingly, the financial statements are not designed for those who are not informed about such matters. Certified Public Accountant June 28, WILKINSON SHREVEPORT, LA (318) FAX: (318)

4 FORENSIC NURSE EXAMINERS OF LOUISIANA, INC. EXHIBIT A Statement of Financial Position Decembers! ASSETS CURRENT ASSETS Cash and Cash Equivalents Grants and Accounts Receivable Prepaid Expenses Total Current Assets PROPERTY AND EQUIPMENT (NET) 4U034 5, ,334 8,525 OTHER ASSETS Organizational Costs (Net) Total Assets LIABILITIES AND NET ASSETS Accounts Payable and Accrued Expenses Payroll Taxes Payable Total Current Liabilities Net Assets: Unrestricted Temporarily Restricted Permanently Restricted Total Net Assets Total Liabilities and Net Assets $ 55, ,254 54,254 $ 55,213

5 FORENSIC NURSE EXAMINERS, INC. EXHIBIT B Statement of Activities and Changes in Net Assets For the Year Ended December SUPPORT AND REVENUE: Support: Contributions Allocation from Federal Fund Raising Organization State Grants Other Grants Total Support Revenues: Program Service Fees Miscellaneous Income Fundraising Revenue Total Revenues Total Support and Revenue Net Assets Released from Restrictions: Satisfaction of Usage Restrictions Total Support and Revenue Unrestricted Temporarily Restricted Permanently Restricted Total $ 8,617 $ $ $ 8, , ,924 8, , , , ,573 2,459. 2, , , , , , ,924 (192,924) 329, ,607 EXPENSES Program Expenses General and Administration Fundraising 339,545 12, ,545 12,394 Total Expenses Change in Net Assets Net assets, beginning of year, as previously reported Prior period adjustment to establish an allowance for doubtful accounts Net assets, beginning of year, restated Net assets, end of year 351, ,939 (22,332) - - (22,332) 109, ,856 (33,270) - - (33,270) 76,586 _ 76,586 $ 54,254 $ $ $ 54,254

6 FORENSIC NURSE EXAMINERS, INC.. EXHIBIT C Statement of Cash Flows For the Year Ended December CASH FLOWS FROM OPERATING ACTIVITIES: Change in net assets Adjustments to reconcile change in net assets to net cash provided by operating activities: Depreciation Changes in assets and liabilities: Decrease in grants receivable Increase in prepaid assets Decrease in accounts payable and payroll taxes payable Net cash provided by operating activities $ (22,332) 3, (354) (504) (19,221) CASH FLOWS USED BY INVESTING ACTIVITIES: Purchase of fixed assets Net cash provided by investing activities CASH FLOWS PROVIDED BY FINANCING ACTIVITIES: Proceeds from borrownings Principal payments on debt Net cash used by financing activities Net increase (decrease) in cash CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR CASH AND CASH EQUIVALENTS, END OF YEAR (19,221) 60,255 $ 41,034

7 FORENSIC NURSE EXAMINERS, INC. Schedule of Compensation, Reimbursements, Benefits, and Other Payments to Agency Head For the Year Ended December 31, 2015 Agency Head: Olivia Jones, Exective Director Salary $ 40,000 Payroll Taxes $ 7,935