LOUISIANA LEGISLATIVE AUDITOR STEVE X THERIOT, CPA. April 30,2008

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1 LOUISIANA LEGISLATIVE AUDITOR STEVE X THERIOT, CPA April 30,2008 To whom it may concern: This report was submitted by the Department of Agriculture. It may not meet the criteria of Louisiana Revised Statutes 24:513 and 24:514, generally accepted Government Auditing Standards, and/or the ^Louisiana Governmental Audit Guide. Sincerel SJT:SHE:ss teve J. Theriot, CPA Legislative Auditor 2007 soil and water conservation district reports Under provisions of state law, this report is a public document. Acopy 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, where appropriate, at the office of the parish clerk of court. Release Date 1600 NORTH THIRD STREET POST OFFICE BOX BATON ROUGE, LOUISIANA PHONE: FAX:

2 AFFIDAVIT OF INCOME AND SWORN FINANCIAL STATEMENTS BY Red River SOIL AND WATER CONSERVATION DISTRICT Before me, the undersigned notary public, duly commissioned and qualified in and for this state and parish, personally came and appeared: Johnny Ray Norman Chairman of the Red River Soil and Water Conservation District (District) Who, being duly sworn by me, made the following affirmative statements on behalf of the District for the fiscal year ended June 30, He is duly authorized to make this affidavit on behalf of the District and makes this affidavit based on his knowledge of the affairs of the District. The income of the District in revenues and other sources was [$50,000 or less], [over $50,000 but less than $200,000], [$200,000 or more but less than $500,000], [$500,000 or more]. The financial statements of the District fairly presents, in all material respects, the financial position of the District and the results of operations for the year then ended, in accordance with the basis of accounting described within the accompanying financial statements. The entity has maintained a system of internal control structure sufficient to safeguard assets and comply with laws and regulations and has complied with all laws and regulations. Sworn and subscribed before me, this H ^ day of UOi/g/YvLg.r, 2Qp7 at, Louisiana in the parish of ki Q lujjttz>^ Red River SOIL AND WATER CONSERVATION DISTRICT BY: Print name JorawjJJiy Norman Print title: Chairman NOTARY PUBLIC

3 STATE OF LOUISIANA Red River Soil & Water Conservation District BALANCE SHEET AS OF June 30, 2007 ASSETS CURRENT ASSETS: Cash and cash equivalents $ _ Investments _ Receivables (net of allowance for doubtful accounts){note A) _ 0 Due from State Government _ 0 Due from federal government _ 0 Notes receivable _ 0 Other current assets _ 0 Total current assets _ NONCURRENT ASSETS: _ 0 Restricted assets (Note B): 0 Cash _ 0 Receivables _ 0 Capital assets (net of depreciation){note C) 0 Land _ 0 Buildings and improvements _ 0 Machinery and equipment _ 0 Infrestructure _ 0. Construction in progress _ Q. Other noncurrent assets _ Total noncurrent assets _ - Total assets $ LIABILITIES CURRENT LIABILITIES: Accounts payable and accruals (Note D) $ _ 0. Due to State Government _ Due to federal government _ 0. Amounts held in custody for others _ 108 Current portion of long-term liabilities: _ 0. Contracts payable _ 0 Compensated absences payable (Note E) _ 0 Notes payable _ 0 Liabilities payable from restricted assets (Note F) _ 0. Other long-term liabilities _ 0. Total current liabilities _ NON-CURRENT LIABILITIES: Compensated absences payable (Note E) _ 150 Notes payable _ 0 Liabilities payable from restricted assets (Note E) _ 0. Bonds payable _ 0 Other long-term liabilities _ 0 Total long-term liabilities _ 150 Total liabilities _ NET ASSETS Invested in capital assets, net of depriciation _ 0 Restricted for: 0 Capital projects _ 0. Debt service _ 0_ Unemployment compensation _ 0. Other specific purposes _ g_ Unrestricted _ Total net assets _ Total liabilities and net assets $ The accompanying notes are an integral part of this financial statement.

4 Statement A STATE OF LOUISIANA Red River Soil & Water Conservation District STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS FOR THE YEAR ENDED June 30, 2007 OPERATING REVENUES Sales of commodities and services $ 0 Use of money and property 0 Licenses, permits, and fees 0_ Other 0_ Total operating revenues ^ 0 OPERATING EXPENSES 0 Cost of sales and services 0 Administrative 0 Depreciation 0_ Amortization 0_ Total operating expenses - Operating income(loss) NON-OPERATING REVENUES(EXPENSES) 0 State appropriations Intergovernmental revenues(expenses) (32,834) Use of money and property 0 Gain on disposal of fixed assets 0 Loss on disposal of fixed assets 0 Federal grants 0 Interest expense 0 Other revenue 849 Other expense 0 Total non-operating revenues(expenses) 32,919 Income(loss) before contributions and transfers 85 Capital contributions Extraordinary item - Loss on impairment of capital assets Transfers in Transfers out Change in net assets (14.066) Total net assets - beginning 39,497 Total net assets - ending $ The accompanying notes are an integral part of this financial statement. Statement B

5 STATE OF LOUISIANA Red River Soil & Water Conservation District STATEMENT OF ACTIVITIES FOR THE YEAR ENDED June 30, 2007 See Appendix A for instructions Program Revenues Net (Expense) Operating Capital Revenue and Charges for Grants and Grants and Changes in Expenses Services Contributions Contributions Net Assets Entity $ 0 $ 0 $ 0 $ 0 $ General revenues: State appropriations 32,071 Grants and contributions not restricted to specific programs - Interest 849 Miscellaneous -_ Special items ^_ Extraordinary item - Loss on impairment of capital assets -^ Transfers Total general revenues, special items, and transfers 32,920 Change in net assets (14,066) Net assets - beginning as restated 39,497 Net assets - ending $ 25,432 The accompanying notes are an integral part of this statement. Statement C

6 STATE OF LOUISIANA Red River Soil & Water Conservation District STATEMENT OF CASH FLOWS For The Year Ended June 30, 2007 Cashflows from operating activities C^recededfiOTiajstoras $ _ 0_ C&shpeynnents to skiers for goods andservices _ 0_ Cash peyments to enrployeesfor services _ 0_ QartB paid to outsiders _ 0_ Qher operating raenues(e>penses) _ 0_ Nst cash prcmded(leed) by operating adivrties _ - Cash flows from non-capital financing activities State appropriations _ 32,071 Operating grants reoeived _ 0_ Oner _ 0 32,071 Q^ flows fiancapitalfinancingactivities Ftoceeds from sale of bonds _ 0_ AxysiticrYconsbucticn of capital assets _ 0_ Rooeedsftom sale of capital assets _ 0_ Capital contributions _ 0_ Cther _ 0_ Net cash provided(lged) by ne&ed finandng activities _ - Cash flows from investing activities IrteiBStanddxfldencteearredcnir^^ _ 849 Net cash provided(used) by investing adwities _ 849 Nst inoease(decrease) in cash and cash equivalents _ 240 Cash and cash equivalents stbegnring of year _ 7, Cash and cash equvalentsat end of year $ FOR THE YEAR ENDED June 30, 20 Statement D (continued) STATE OF LOUISIANA

7 Red River Soil & Water Conservation District STATEMENT OF CASH FLOWS FOR THE YEAR ENDED June 30, 2007 Reconciliation of operating income(ioss) to net cash provided(used) by operating activities: Operating income(loss) $ Adjustments to reconcile operating income(loss) to net cash Depreciation/amortization 0 Provision for uncollectible accounts 0 Other 0 Changes in assets and liabilities: 0 (Increase)decrease in accounts receivable, net 0 (Increase)decrease in prepayments 0 (Increase)decrease in other assets 0 Increase(decrease) in accounts payable and accruals 0 Increase(decrease) in compensated absences payable 0 Increase(decrease) in other liabilities 0 Net cash provided(used) by operating activities Schedule of noncash investing, capital, and financing activities: Borrowing under capital lease Contributions of fixed assets Purchases of equipment on account Asset trade-ins Other (specify) Total noncash investing, capital, and financing activities: The accompanying notes are an integral part of this statement. Statement D (concluded)

8 NOTE A- RECEIVABLES AND DUE FROM Net Receivables Total Amount Less: Allow for doubtful Accts Amount Due From State Government Federal Government Other (List) NOTE B- NON CURRENT ASSETS- RESTRICTED Cash (list source) Amount Receivables (list payee) Amount NOTE C- CAPITAL ASSETS Less: Depreciated Net Item Cost Amount Amount Land Bldgs & Improvements Machinery & Equip Other (list) 0 0 0

9 NOTE D- ACCOUNTS PAYABLE AND DUE TO Accounts Payable Amount Due To Amount State Government Federal Government 0 Other (list) 0 NOTE E- COMPENSATED ABSENCES "Annual Leave Short- Term Long- Term Total This represents the amount of annual leave that would be payable to employee(s) of the District if employment were terminated. If the annual leave is payable during the current year it would be a current year, short- term, payable if not it would be long-term. NOTE F- LIABILITIES PAYABLE FROM RESTRICTED ASSETS Item Short- Term Long- Term Total 0 0 0