KENNETH D. FOLDEN & CO. CERTIFIED PUBLIC ACCOUNTANTS 302 EIGHTH STREET, JONESBORO,LA (318) FAX (318)

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1 A Component Unit of the Caldwell Parish Police Jury Annual Financial Statements and Accountant's Compilation Report As of and For the Year Ended December 31, 2013 KENNETH D. FOLDEN & CO. CERTIFIED PUBLIC ACCOUNTANTS 302 EIGHTH STREET, JONESBORO,LA (318) FAX (318)

2 Annual Financial Statements As of and For the Year Ended December 31, 2013 CONTENTS Statement/ Schedule Page Accountant's Compilation Report 2 Component Unit Financial Statements: Governmental Fund Type - General Fund Balance Sheet A 3 Statement of Revenues, Expenditures, and Changes in Fund B 4 Balance - Budget vs. Actual (GAAP Basis) Statement of Revenues, Expenditures, and Changes in Fund C 5 Balance - Budget vs. Actual (Cash Basis)

3 Kenneth D. Folden. CPA Members Society of Louisiana Certified Public Accountants Kenneth D. Folden & Co. Certified Public Accountants 302 Eighth Street Jonesboro, LA (318) FAX (318) Ted W. Sanderlin, CPA Members American Institute of Certified Public Accountants ACCOUNTANT'S COMPILATION REPORT Mr. Shane Hart, President and Members of the Board of Commissioners Caldwell Parish Gravity Drainage District #1 Columbia, LA We have compiled the combined balance sheet and statement of revenues, expenditures, and changes in fund balance-budget vs. actual of Caldwell Parish Gravity Drainage District #1, Caldwell Parish, a component unit of the Caldwell Parish Police Jury, as of and for the year ended December 31,2013, which collectively comprise the District's basic financial statements as listed in the table of contents. We have not audited or reviewed the accompanying financial statements and, accordingly, do not express an opinion or provide any assurance about whether the financial statements are in accordance with accounting principles generally accepted in the United States of America. The management of Caldwell Parish Gravity Drainage District #1 is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America and for designing, implementing, and maintaining internal control relevant to the preparation and fair presentation of the financial statements. Our responsibility is to conduct the compilation in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. The objective of a compilation is to assist the management of Caldwell Parish Gravity Drainage District #1 in presenting financial information in the form of financial statements without undertaking to obtain or provide any assurance that there are no material modifications that should be made to the financial statements. Management has elected to omit substantially all of the disclosures required by accounting principles generally accepted in the United States of America. If omitted disclosures were included in the financial statements, they might influence the user's conclusions about the District's financial position, results of operations, and cash flows. Accordingly these financial statements are not designed for those who are not informed about such matters. The Caldwell Parish Gravity Drainage District #1, Caldwell Parish did not adopt the provisions of Governmental Accounting Standards Board Statement No. 34 for the year ended December 31, The effects of this departure from generally accepted accounting principles has not been determined. We are not independent with respect to the Caldwell Parish Gravity Drainage District #1. A?. AAP., AAATAI Jonesboro, Louisiana May 2, 2014

4 Statement A Balance Sheet, Governmental Fund Type - General Fund As ofdecember 31, 2013 ASSETS: Current Assets Governmental Fund General Fund Cash & Cash Equivalents $ 23,533 Accounts Receivable Total Assets $ LIABILITIES: Current Liabilities Accounts Payable _$ 20,507 Total Liabilities 20,507 NET POSITION: Invested in Capital Assets Unrestricted Total Net Position $ See Accountant's Compilation Report 3

5 Statement B Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget vs. Actual (GAAP Basis) For the Year Ended December 31, 2013 REVENUES: Original Budget Amended Budget Actual (Accrual Basis) Variance Favorable (Unfavorable) Property taxes $ 150,000 $ 158,428 $ 161,720 $ 3,292 Interest Total Revenues 150, , ,910 3,292 EXPENDITURES: Advertising Commissioner compensation 1,000 1,000 1,000 - Contracted services 6,000 6,000 6,000 - Director compensation Legal and accouting 2,500 1,625 1,625 - Repairs and maintenance 90, , ,697 (8,920) Office expenses 1,644 1, Taxes and license Supplies 1, (110) Secretary/Treasurer compensation 8,400 7,605 7,605 - Pension contribution 3,000 3,060 5,437 (2,378) Capital Outlay Total Expenditures 114, , ,077 (11,199) Excess of Revenues (Expenditures) 35,556 33,740 25,833 (7,907) FUND BALANCE - December 31, , , ,539 - FUND BALANCE - December 31, 2013 $ 167,095 $ 165,279 $ 157,372 $ (7,907) See Accountant's Compilation Report 4

6 Statement C Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget vs. Actual (Cash Basis) For the Year Ended December 31, 2013 REVENUES: Original Budget Amended Budget Actual (Cash Basis) Variance Favorable (Unfavorable) Property taxes $ 150,000 $ 158,428 $ 155,368 $ (3,060) Interest Total Revenues 150, , ,558 (3,060) EXPENDITURES: Advertising Commissioner compensation 1,000 1,000 1,000 - Contracted services 6,000 6,000 6,000 - Director compensation Legal and accouting 2,500 1,625 1,625 - Repairs and maintenance 103, , ,337 3,802 Office expenses 1,644 1,157 1, Taxes and license Supplies 1, ,162 (3,912) Secretary/Treasurer compensation 8,400 7,605 7,605 - Pension contribution 3,000 3,060-3,060 Capital Outlay Total Expenditures 127, , ,180 3,059 Excess of Revenues (Expenditures) 22,194 20,378 20,377 (0) FUND BALANCE - December 31, , , ,539 - FUND BALANCE - December 31, 2013 $ 153,733 $ 151,917 $ 151,917 $ (0) See Accountant's Compilation Report 5