CITY MARSFIAL OF EUNICE, LOUISIANA COMPILED FINANCIAL STATEMENTS JUNE 30, 2010

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1 ^-7&5 CITY MARSFIAL OF EUNICE, LOUISIANA COMPILED FINANCIAL STATEMENTS JUNE 30, 2010 Under provisions of state law, this report is a public document. A cxdpy of the report has been submitted to the entity and other appropriate public officials. The report is available for public inspection at the Baton Rouge office of the Legislative Auditor and, v^here appropriate, at the office of the parish clerk of court. Release Date ^-4ii

2 VIGE, TUJAGUE (^NOEL A CORPORATION OF CERTIFIED PUBLIC ACCOUNTANTS 151 N. 2b5 STREET P.O. BOX 1006 EUNICE. LOUISIANA SHIRLEY VIGE. JR., C.P.A. TELEPHONE: FRANK G. TUJAGUE. C.P.A DOMINIQUE M. NOEL, C.P.A. F^AX: Teiry Darbonne Eunice City Marshal Eunice, LA Accountant's Compilation Report We have compiled the accompanying financial statements of the governmental activities of the City Marshal of Eunice, Louisiana as of June 30, 2010 and 2009 and for the years then ended, in accordance with Statements on Standards for Accounting and Review Sei-vices issued by the American Institute of Certified Public Accountants. A compilation is limited to presenting in the form of financial statements infoitnation that is the representation of management. We have not audited or reviewed the accompanying financial statements and accordingly, do not express an opinion or any other form of assurance on them. The City Marshal of Eunice, Louisiana has not presented management's discussion and analysis that the Governmental Accounting Standards Board has detemiined is necessary to supplement, although not required to be part of the basic financial statements. The budgetary comparison information, on page 16 is not a required part of the basic financial statements but are supplementary information required by the Govenimental Accounting Standards Board. We have compiled the supplementary information from information that is the representation of management, without audit or review. Accordingly, we do not express an opinion or any other foim of assurance on the supplementary information. We are not independent with respect to the City Marshal of Eunice, Louisiana. ^'^^0^ lo^mcvclo: ^ Vige, Tujague & Ij'oelJ November 9, 2010 ) (CcJ

3 GOVERNMENT WIDB FrNANClAL STATEMENTS { GWFS)

4 CITY MARSHAL OF EUNICE, LOUISIANA Statement of Net Assets June With Comparative Totals for June 30, 2009 ASSETS 20( Current assets Cash and cash equivalents S 22,257 S 40,436 Savings 82,665 80,809 hiterest receivable Due from city court 6,167 5,498 Total Current Assets ,917 Non-current assets Capital assets Automobile 42,739 39,239 Fumiture & Equipment 37,096 32,796 Accumulated depreciation (46,799) 06,408) LIABILITIES Current Liabilities Net capital assets 33,036 35,627 ^.fotal non-current assets 33J)36 35,627 Total assets 144, ,544 Accounts payable 12,300 15,797 Total Current Liabilities 12,300 15,797 Total liabilities 12,300 15,797 NET ASSETS Invested in capital assets, net of related debt 33,036 35,627 Unrestricted 98, ,120 1 otal net assets $132,002 $146,747 Sec Accountant's Compilation Report and Notes to Financial Statements

5 CFFY MARSHAL OF EUNICE, LOUISIANA Statement of Activities For the Year Ended June 30, 2010 Governmental Activities: General Government Expenses $141,393 Program Revenue Charges for Services $78,618 Net (Expenses) Revenues and Chon je in Net Assets Governmental Activities S (62,775) Total Governmental Activities il4_l,3_93 S 78^8 (62J75) General Revenues: Intergovernmental reimbursements Investment earnings Total general revenues Change in net assets Net assets-july 1,2009 Netassets-June 30, ,123 1,907 48,030 (14,745) 146,747 $132,002 See Accountant's Compilation Report and Notes to Einancial Statements 4

6 FUND FINANCIAL STATEMENTS (FFS)

7 CITY MARSHAL OF EUNICE, LOUISIANA Balance Sheet Governmental Funds June 30, 2010 With Comparative Totals for June 30, ASSETS Current assets Cash and cash equivalents $ 22,257 $ 40,436 Savings 82,665 80,809 Total Current Assets L245 Total assets SJMMl 1_1..2J_,245 LIABHJTIES AND FUND BALANCE Current Liabilities Accounts payable Fund Balance Fund Balance Total Current [liabilities Total liabilities Total fund balance Total liabilities and fund balance S 12,300 12,300 12,300 92,622 92,622 $_i04,.222 S ,797 15, , S Sec Accountant's Compilation Report and Notes to Financial Statements 6

8 CITY MARSHAL OF EUNICE, LOUISIANA Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets June 30, 2010 Total fund balance for governmental funds at June 30, 2010 $ 92,622 Total net assets reported for governmental activities in the statement of net assets is different because: Capital assets used in governmental activities are not fmancial resources and, therefore, are not reported in the funds. Those assets consist of: Automobile, net of $22,454 accumulated depreciation $ 19,285 Equipment & Fumiture, net of $23,345 accumulated depreciation 13,751 Total capital assets 33,036 Revenues which were not measurable at year end and not considered available as current financial resources at year end Due from city court 6,167 Interest 177 6,344 Total net assets of governmental activities at June 30, 2010 $ See Accountant's Compilation Report and Notes to Financial Statements 7

9 CITY MARSHAL OF EUNICE, LOUISIANA Statement of Revenues, Expenditures and Changes in Fund Balance Governmental Fund Tvi^e-General Fund For the Year Ended June 30, 2010 With Comparative Totals for.lune 30, 2009 Revenues: Fees earned Intergovernmental reimbursements Miscellaneous Total revenues S 77,044 46, ,073 99,294 45, ,262 Expenditures: Operating services Professional services Material and supplies Other Capital outlay Total expenditures 69,621 48,078 6,843 6,461 7, ,803 74, ,068 12,279 19, Excess (deficiency) of revenues over expenditures (14,730) (16.364) Other financing sources (uses): hivestment camings 1,904 1,665 Total other financing sources (uses) 1,904 1 XyCy5 Net change in fund balance (12,826) (14,699) Fund balance-beginning 105, ,147 Fund balance-ending $ $ See Accountant's Compilation Report and Notes to Financial Statements 8

10 CITY MARSHAL OF EUNICE, LOUISL^NA Reconciliation of the Statement of Revenues, Expenditures, and ChaniJes in Fund Balance of Governmental Funds to the Statennent of Activities For the Year Ended June 30, 2010 Total net changes in fund balance at June 30, 2010 per statement of revenues, expenditures, and changes in fund balance S (12,826) The change in net assets reported for governmental activities in the statement of activities is different because: Governmental funds report capital outlays as expenditures. However, in the statement of activities, the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. Capital outlay which is considered expenditures on the statement of revenues, expenditures, and changes in frmd balance S 7,800 Depreciation expense for the year ended June 30, 2010 (10,391) (2,591) Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds Due from City Court 669 Interest receivable Total changes in net assets at June 30, 2010 per statement of activities $ ( See Accounlant=^s Compilation Report and Notes to Financial Statements 9

11 CITY MARSHAL OF EUNICE, LOUISIANA Notes to Financial Statements June 30,2010 Introdiiciion The ott]ce- of City Marshal was created as a part of The City Court of Eunice, Louisiana by RS I3:189(c) as amended by Act 1978 number Funding is received from the Eunice City Court generated from fines paid by violators for offences processed thru the Eunice City Court. The Eunice City Marshal also receives funding from the District Attorneys office for Bailiff fees. NOTE 1 SUMMARY OF SIGNITICANT ACCOUNTING POLICIES A. Basis of Presentation The accompanying financial statements ofthc City Marshal of Eunice, Louisiana have been prepared in conformity with accounting principles generally accepted in the United States of America as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and fmancial reporting principles. B. Reporting Entity GASB Statement No. 14 established criteria for determim'ng the govenimental reporting entity and component units that should be included within the reporting entity. For financial reporting purposes, in confomiance with GASB Statement No. 14, the Marshal includes all funds, account groups, el cetera, that arc within the oversight responsibility of the Marshal. The Marshal is fiscally dependent on The City of Eunice for office space, utilities and other expenses. The substance of the relationship is that the City of Eunice has approval authority over the Marshal's capital budget. Therefore, The City Marshal is a component unit of The City of Eunice. C. Government-Wide and Fund Financial Statements The government-wide financial statements report information on all ofthc non-judiciary activities ofthc Marshal. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by progi^am revenues. Direct expenses are those that arc clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers or applicants who purchase, use or directly benefu from goods, services, or privileges provided by a given function or segment and 2) grants and contributions that arc

12 CITY MARSHAL OF EUNICE, LOUISIANA Notes to Financial Statements June 30, 2010 restricted to meeting the operational or capital requirements of a particular function or segment. Other items not properly included among program revenues are reported instead as general revenues. Separate fmancial statements are provided for governmental funds. All individual governmental funds arc reported as separate columns in the fiind financial statements. D. Measurement Focus, Basis of Accounting, and Financial Statement Presentation The govemment-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses arc recorded when a liability is incurred, regardless ofthc timing of related cash flows. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the cuaent financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues arc considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities ofthc current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. Flowever, debt service expenditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only when payment is due. Interest associated with the cun'ent fiscal period is considered not to be susceptible to accrual and has not been recognized as revenues of the current fiscal period in the fund financial statements. All other revenue items arc considered to be measurable and available only when cash is received by the govemment. The City Marshal of Eunice reports the following govenimental funds: The General fund is the cntity=s primaiy operating fund. U accounts for all financial resources ofthc entity, except those required to be accounted for in another fund. Private-sector standards of accounting and fmancial reporting issued prior to December 1, 1989, generally are followed in the government-wide financial statements to the extent that those standards do not confiicl with or contradict guidance of the Government Accounting Standards Board. The government has elected not to follow subsequent private-sector guidance. Amounts reported as program revenues include 1) charges to The Eunice City Court and St. Landry Parish District Attorney for services, or privileges provided. 11

13 CITY MARSI-IAL OF EUNICE, LOUISIANA Notes to Financial Statements June 30, 2010 When both restricted and unrestricted resources are available for use, it isthcentity^spolicytouse restricted resources first, then unrestricted resources as they are needed. E. Budgetary.Accounting The proposed budget for the year ended June 30, 2010 was made available for public inspection on June 25,2009. The proposed budget was prepared on the modifiedaccrual basis of accounting. The budget is legally adopted and amended, as necessary, by the Marshal. At fiscal close, all appropriations lapse. All changes in the budget must be approved by the City Marshal. F. Compensated Absences Full time employees are allowed two weeks vacation per year. Any vacation time not taken maybe carried over to the next fiscal year. At June 30, 2010, there were no compensated absences. G. Capital Assets Capital assets, which include property, plant, and equipment, are reported in the govemment-wide financial statements. All capital assets are stated at historical cost or estimated historical cost if actual historical cost is not available. Donated capital assets arc stated at their estimated fair value on the date donated. Estimated amounls arc immaterial in relation to total fixed assets. The Marshal maintains a threshold level of S500 or more for capitalizing capital assets. Depreciation of all exhaustible capital assets is recorded as an allocated expense in the statement of activities, with accumulated depreciated rellected in the statement of net assets. Depreciation is provided over the assets' estimated useful lives using the straight-line method of depreciation. The range of estimated useful lives by type of asset is as follows: Equipment and Fumiture Vehicles 5 years 7 years H. Equity Classifications in the government-wide statements, equity is classified as net assets and displayed in three components: a. Invested in capital assets, net of related debt - Consists of capital assets including restricted capital assets, net of accumulated depreciation and reduced by the outstanding balances of any bonds, mortgages, notes or other borrowing that are attributable to the acquisition, construction, or improvement of those assets. b. Restricted net assets- Consist of net assets with constraints placed on the use either by (1) external groups, such as creditors, grantors, contributors, or laws or regulations of other governments; or (2) law through constitutional provisions or enabling legislation. 12

14 CITY M.ARSFIAL OF EUNICE, LOUISIANA Notes to Financial Statements Jime30,2010 c. Unrestricted net assets - All other net assets that do not meet the definition of "restricted" or "invested in capital assets, net of related debt." In the fimd fmancial statements, governmental fund equity is classified asfrindbalance. Fund balance is further classified as resei'vcd and unreserved, with unreser\'ed ixirther split between designated and undesignated. I. Revenues, Expenditures, and Expenses Program Revenues: Program revenues consist of fees, fines, and charges for ser\aces related to govemmental fund activities. Expenditures/Expenses: In the govemmental-wide financial statements, expenses are classitled by function for govemmental activities. In the fund financial statements, expenditures are classified by character. In the fund financial statements, govemmental funds report expenditures of financial resources. J. Comparative Data Comparative data for the prior year have been presented only for certain sections of the accompanying fmancial statements in order to provide an understanding of changes in the Marshal's financial position and operations. NOTE 2 CASH Cash includes amounts in demand deposits. The cash balance is covered by Federal Deposit Insurance. Cash and cash equivalents include those investments purchased with original maturities of 90 days or less. NOTE 3 EVALUATION OF SUBSEQUENT EVENTS The City Marshal has evaluated subsequent events through November 9, 2010, the dale which the financial statements were available to be issued. 13

15 CITY MARSHAL OF EUNICE, LOUISIANA Notes to Financial Statements June NOTE 4 CHANGES IN CAPITAL ASSETS Capital asset activity for the year ended June 30, 2010 was as follows: Fumiture and Equipment Vehicles Total Balance, 7/01/09 $32,796 Additions 4,300 Deletions ^ Balance, 6/30/ Less accumulated depreciation Balance, 7/01/09 18,187 Additions 5,158 Deletions 2 Balance, 6/30/10 23,345 S39,239 3, ,221 5,233 23, ,035 7, ,408 10,391 46,799 Governmental activities, capital assets, net $13,75J. S.19,285.S33.Q3..6 The land and building in which the City Marshal operates is owned by the City of Eunice. NOTE 5 ESTIMATES The preparation of financial statements in confomiity with United States generally accepted accounting principles requires the Marshal to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. NOTE 6 OTHER SUPPORT / CONCENTRATION OF RISK The City Marshal receives other support from the City of Eunice. In addition to office space, the City of Eunice provides utilitics,janitorial, telephone, payi*oll support and other expenditures. All court cases arise within Ward 6 of St Landry Parish, Louisiana. NOTE 7 ON-BEHALF PAYMENTS FOR SALARIES AND FRINGE BENEFITS The Eunice City Marshall receives salaries (including benefits) directly from the following entities. These amounts are recorded in these financial statements. St. Landry Parish S 8,986 City of Eunice 22,881 Eunice City Court Civil Fees 10,656 State of Louisiana $

16 REQUniED SUPPLEMENTARY IN'FORMATTON

17 CITY MARSHAL OF EUNICE, LOUISIANA Budgetary Comparison Schedule For the Year Ended June With Comparative Actual Amounts for the Year Ended June 30, 2009 Original Budget Amended Budget Totals Revenues: Fees earned Intergovernmental reimbursements Miscellaneous Total Revenues $ lolooo 45,000 6, S 78,000 46, ,900 $ 77,044 46, ,073 $ 99,294 45,728 5, ,262 Expenditures: Operating services Professional services Material and supplies Other Capital outlay Total expenditures 74,000 47,000 10,200 12,600 _ 143,800 72,000 48,000 8,000 7,700 8, ,621 48,078 6,843 6,461 7, ,126 47,663 13, , ,626 Excess (deficiency) of revenues over expenditures 8,200 (18,800) (14,730) (16,364) Other financing sources (uses): Investment earning Total other financing sources (uses) ,000 1,900 1, ,904 1, Net change in fund balance 10,200 (16,900) (12.826) (14,699) Fund balance-beginning , Fund balance-ending SJ22,33jQ $ 95.m S 92,622 11_QX4.48 See Accountant's Compilation Report and Notes to Financial Statements 16

CITY OF EUNICE, LOUISIANA. Financial Report. Year Ended June 30,2018

CITY OF EUNICE, LOUISIANA. Financial Report. Year Ended June 30,2018 Financial Report Year Ended June 30,2018 TABLE OF CONTENTS Page Independent Auditor's Report 1-3 BASIC FINANCIAL STATEMENTS Statement of net position 5 Statement of activities 6 and 7 FUND FINANCIAL STATEMENTS