ST.TAMMANYPARISHASESOR

Transcription

1 I"EGI':~'riVF/~UDITOR- ~.,~CEIVED O~JUN28AHI'32 ST.TAMMANYPARISHASESOR AnualFinancialReport AsofandfortheYearEnded December31,203 Underprovisionsofstatelaw,thisreportisapublic document.ac.opyofthereporthasbensubmitedto thentityandotherapropriatepublicoficials.the reportisavailableforpublicinspectionathebaton RougeoficeoftheLegislativeAuditorand,where apropriate,atheo~ceoftheparishclerkofcourt. ReleaseDate~-2~d-b4 CertifiedPublicAcountant KEITH3.ROVIRA

2 ST.T~ Covington,Louisiana PARISHASESOR StatementsandAuditor'sReport AsofandfortheYearEnded GeneralPurposeFinancial December31,203

3 i IndependentAuditor'sReport GeneralPurposeFinancialStatements: BalanceShet-AlFundTypesand GovernmentalFund-GeneralFund: AcountGroups A StatementofRevenues,Expenditures, StatementofRevenues,Expenditures, andchangesinfundbalance B andchangesinfundbalance-budget (GAPBasis)andActual C NotestotheFinancialStatements SuplementaryInformationSchedule: SumaryScheduleofPriorAuditFindingsand CorectiveActionPlanforCurentYear AuditFindings OtherReportRequiredby ReportonComplianceandInternalControl GovernmentAuditinaStandards: overfinancialreportingbasedonanaudit offinancialstatementsperformedin AcordancewithGovernmentAuditinaStandards PageNo

4 CERTIFIEDPUBLICACOUNTANT KEITH,J.ROVIRA METAIR[E,LOUISIANA METAIRIEROAD FAX(504) INDEPERDENTAUDITOR"SREPORT HonorablePatriciaSchwarzCore Covington,Louisiana St.TamanyParishAsesor Ihaveauditedtheacompanyinggeneralpurposefinancial statementsofthest.tamanyparishasesorasofandforthe yearthenendeddecember31,203,aslistedinthetableof contents.thesegeneralpurposefinancialstatementsarethe responsibilityofthest.tamanyparishasesor.my responsibilityistoexpresanopiniononthesegeneralpurpose financialstatementsbasedonmyaudit. Iconductedmyauditinacordancewithauditingstandards generalyaceptedintheunitedstatesofamericaandthe standardsaplicabletofinancialauditscontainedinthe GovernmentAuditinQStandards,isued oftheunitedstate performtheaudittobtainreasonableasuranceaboutwhetherthe s.thosestandards bythecomptrolergeneral generalpurposefinancialstatementsarefreofmaterial requirethatiplanand mistatement.anauditincludesexamining,onatestbasis, evidencesuportingtheamountsanddisclosuresinthegeneral purposefinancialstatements.anauditalsoincludesasesingthe acountingprinciplesusedandsignificantestimatesmadeby management,aswelasevaluatingtheoveralgeneralpurpose financialstatementpresentation.ibelievethatmyauditprovides areasonablebasisformyopinion. Inmyopinion,thegeneralpurposefinancialstatementsreferedto inthefirstparagraphpresentfairly,inalmaterialrespects, thefinancialpositionofthest.tamanyparishasesorasof December31,203,andtheresultsofitsoperationsfortheyear thenendedinconformitywithacountingprinciplesgeneraly aceptedintheunitedstatesofamerica.

5 Inacordancewith~0v~rnmentAuditinuStandards,Ihavealso isuedareportdatedjune7,204,onmyconsiderationofthe St.TamanyParishAsesor'sinternalcontroloverfinancial reportingandmytestsofitscompliancewithcertainprovisionsof laws,regulationsandcontracts.thatreportisanintegralpart ofanauditperformedinacordancewithgovernmentauditinq Standardsandshouldbereadinconjunctionwiththisreportin consideringtheresultsofmyaudit. KeithJ.Rovira CertifiedPublicAcountant June7,204

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7 GovernmentalFundType-GeneralFund ST.Ti%RPL~/qYPARISHASESOR Covington,Louisiana December31,203 BalanceShet StatementA GovernmentalGroup- Acount General Fund- ASETS Fund General Asets Fixed (Memorandum Total Only) Cashandcashequivalents Investments(NoteD) Revenuesreceivable: (NoteC) $384,548 Advaloremtaxes 108,072 $384,548 Oficefurnishingsand Staterevenuesharing equipment(notee) Other 2,062,012 94,671 28,42 2,062, ,072 94,671 28,42 $275,605$2,953,350 LIABILITIES,EQUITYAND Liabilities: OTHERCREDITS Acountspayable Payrolliabilities $13,314 $13,314 EquityandOtherCredits: TotalLiabilities Fundbalance-unreservedundesignated Investmentingeneralfixed asets TotalFundEquity 2,64,431 $275, , ,940,036 TOTALIABILITIES,EQUITY ANDOTHERCREDITS $2,67,745$275,605$2,953,350 Theacompanyingnotesareanintegralpartofthistatement.

8 GovernmentalFundType-GeneralFund ST.TA~t4ANYPARISHASESOR StatementofRevenues,Expenditures, Covington,Louisiana FortheYearEndedDecember31,203 andchangesinfundbalance StatementB REVENUES Advaloremtaxes Staterevenuesharing Interestearnings Other TotalRevenues EXPENDITURES Salariesandrelatedexpenditures Operatingservices Education 1,681,098 Oficematerialsandsuplies 106,763 Profesionalservices Travelandotherrelatedexpenditures 61,529 Oficerent 18,418 2,859 Capitaloutlay 1,84 ExcesofRevenuesoverExpenditures TotalExpenditures 39,425 6,058 FundBalanceatBeginingofYear 24,048 FundBalanceatEndofYear $2,64,431 Theacompanyingnotesareanintegralpartofthistatement.

9 ST.TAM~h~d~YPARISHASESOR StatementofRevenues,Expenditures,andChangesin GovernmentalFundType-GeneralFund Covington,Louisiana FundBalance-Budget(GAPBasis)andActual FortheYearEndedDecember31,203 StatementC REVENUES (Unfavorable) Variance Favorable Advaloremtaxes Staterevenuesharing Interestearnings $2,054,025 Other 95,018 13,095 $24, ,095(56) 18 TotalRevenues ,192, ,082 EXPENDITURES Salariesandrelated Operatingservices Education expenditures 1,675,0 Oficematerialsand 95,0 Profesionalservices Travelandotherrelated suplies 25,0 1,681, ,763 i05,0 2,859 (1,763) (6,098) Capitaloutlay Oficerent expenditures 20,0 61,529 i0,0 18,418 43,471 2,141 5,0 TotalExpenditures 6,0 39,425 1,84 1, (34,425) (1,84) (~,8) Exces(Deficiency)of Revenuesover FundBalanceat Expenditures 6,0 24, ,048 FundBalanceat BeginingofYear EndofYear $2,426,383$2,64,431 Theacompanyingnotesareanintegralpartofthisstatement.

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11 NotestotheFinancialStatements ST.TAMANYPARISHASESOR Covington,Louisiana December31,203 NOTEA-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES AsprovidedbyArticleVI,Section24oftheLouisiana Constitutionof1974,theasesoriselectedbythevotersof theparishandservesafouryearterm~theasesoraseses alrealandmovablepropertyintheparishsubjectoad valoremtaxation.theasesorisauthorizedtoapointas manydeputiesasmaybenecesaryforeficientoperationof theoficeandprovideasistancetothetaxpayersofthe parish.thedeputiesareauthorizedtoperformalfunctions oftheofice,butheasesorisoficialyandpecuniarily responsiblefortheactionsofthedeputies. TheasesorhasoneoficelocatedinCovingtonandone oficeinslidelinst.tan~nanyparish.inacordancewith Louisianalaw,theasesorbasesrealandmovableproperty asesmentsonconditionsexistingonjanuary1ofthetax year.theasesorcompletesanasesmentlistingforthe taxyearandsubmitsthelistotheparishgoverning authorityandthelouisianataxcormnision,asprescribedby law.oncetheasesmentlistingisaproved,theasesor submitstheasesmentroltotheparishtaxcolector,who isresponsibleforcolectingandistributingtaxestothe varioustaxingbodieslocatedintheparish. i.basisofpresentation Theacompanyingeneralpurposefinancialstatementsof thest.tamanyparishasesorhavebenpreparedin conformitywithgeneralyaceptedacountingprinciples (GAP)asapliedtogovernmentalunits.TheGovernmental AcountingStandardsBoard(GASB)istheacepted standard-setingbodyforestablishingovernmental 2.ReDortinaEntity acountingandfinancialreportingprinciples. Forfinancialreportingpurposes,inconformancewith GASBCodificationSection210,theasesorisan independentlyelectedoficialwhoperateshisofice withoutoversightresponsibilitytotheparishgoverning authority,thest.tamanyparishcouncil.louisiana revisedstatutesgiveeachasesorcontrolover aloftheiroperations.thisincludesthehiring andretentionofemployes,authorityover budgeting,responsibilityforfundingdeficitsand operatingdeficiencies,andfiscalmanagementfor controlingthecolectionandisbursementoffunds.

12 NotestotheFinancialStatements ST.TAI~4ANYPARISHASESOR Covington,Louisiana December31,203 NOTEA-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(CONTINUED) Therefore,theasesoreportsasanindependent reportingentityandthefinancialstatementsincludeonly thetransactionsofthest.tanmnyparishasesor. Furthermore,theSt.TanmnyParishCouncil,theparish's governingauthority,doesnotincludetheasesorasa componentunitinitscomprehensiveanualfinancial 3. report. Theacountsoftheasesorareorganizedonthebasis ofafund(generalfund)andanacountgroup(general FixedAsetsAcountGroup),eachofwhichisconsidered aseparateacountingentity.theoperationsofthe GeneralFundareacountedforwithaseparatesetof self-balancingacountsthatcomprisesitsasets, liabilities,fundequity,revenues,andexpenditures. RevenuesareacountedforintheGeneralFundbasedupon thepurposeforwhichtheyaretobespentandthemeans bywhichspendingactivitiesarecontroled. TheGeneralFund,asprovidedbyLouisianaRevisedStatute 47:1906,istheprincipalfundoftheasesorand acountsfortheoperationoftheasesor'sofice. Advaloremtaxrevenueisacountedforinthisfund. Generaloperatingexpendituresarepaidfromthisfund. TheGeneralFundisclasifiedasagovernmentalfund 4.BasisofAcountinq type. Basisofacountingreferstowhenrevenuesand expendituresarerecognizedintheacountsandreported inthefinancialstatements.basisofacountingrelates tothetimingofthemeasurementsmade,regardlesofthe measurementfocusaplied.theasesor'srecordsare maintainedonacashbasisofacounting.however,the fundsreportedintheacompanyingfinancialstatements havebenconvertedtoamodifiedacrualbasisof acounting.thegeneralfundusesthefolowingpractices inrecordingrevenuesandexpenditures: Revenues: Advalorem becomeduetaxesareasesed onnovember15ofonacalendaryearbasis, eachyear,andbecome

13 i0 NotestotheFinancialStatements ST.TA~L~-YPARISHASESOR Covington,Louisiana December31,203 NOTEA-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(CONTINUED) delinquentondecember31. Revenuesfromstaterevenuesharingandpaymentsinlieu oftaxesarerecordedintheyeartherevenuesareduethe asesor. Interestearningsontimedepositsarerecordedwhenthe timedepositshavematuredandtherevenueisavailable. Otherevenue,whichincludesfesfortaxrol preparation,isrecordedwhendue. Expenditures: Expendituresarerecognizedunderthemodifiedacrual basisofacountingwhentherelatedfundliabilityis 5. incured. Bu~qets Theoriginalproposedbudgetfortheyearended December31,203,wasmadeavailableforpublic inspectionatheasesor'soficeandadvertised ondecember19,202.thisbudgetwasadoptedon December30,202,afterapublichearingonthat day.theoriginalbudgetwasamendedandmadeavailable forpublicinspectionatheasesor'soficeand advertisedondecember18,203.theamendedbudgetwas adoptedondecember29,203,afterapublichearingon thatday. Albudgetswerepreparedonthemodifiedacrualbasisof acounting.theasesorreservesalauthoritytomake changestothebudget.formalbudgetintegrationwithin theacountingrecordsisemployedasamanagementcontrol deviceduringtheyear.budgetedamountsincludedinthe acompanyingfinancialstatementsincludetheoriginal adoptedbudgetandalsubsequentamendments.al 6.Cash,CashEcruivalentsandInvestments apropriationscontainedinthebudgetlapseatyearend. Cashincludesamountsininterestbearingdemand deposits.cashequivalentsincludeamountsin certificatesofdeposit.understatelaw,theasesor maydepositfundsindemandeposits,moneymarket acounts,orcertificatesofdepositwithstatebanks organizedunderlouisianalawandnationalbankshaving theirprincipaloficesinlouisiana.

14 i NotestotheFinancialStatements ST.TAR4ANYPARISHASESOR Covington,Louisiana December31,203 NOTEA-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(CONTINUED) Understatelaw,thedistrictmayinvestinUnitedStates bonds,treasurynotesorcertificates,andother investmentsbackedbythefulfaithandcreditofthe UnitedStates. 7. Alinvestmentsarestatedatcost. Receivablesaremadeupofadvaloremtaxes,staterevenue sharingandpaymentsinlieuoftaxes.forcurentyear, advaloremtaxreceivableswererecordednetofan 8. estimated3%uncolectibleamount. FixedAsets Fixedasetsareacountedforinthegeneralfixedasets acountgroup,ratherthaninthegeneralfund. Fixedasetsarevaluedathistoricalcost.No depreciationhasbenprovidedonfixedasets.the generalfixedasetsacountgroupisnotafund.itis concernedonlywiththemeasurementofinancialposition andoesnotinvolvemeasurementofresultsofoperations. 9.Lon~-termObliuations Thevalueofalfixedasetsaproximatestheircost. i0. Therewerenolong-termobligationsatDecember31,203. Employesoftheasesor'soficearntwelvetoeighten daysofvacationleaveperyearandsixtoeightendays ofsickleaveperyeardependingonthenumberoftheir yearsofservicewiththeofice.onedayofvacation leaveisearnedforeachmonthofservice.one-halfday ofsickleaveisearnedforeachmonthofservice. Vacationleavemustbetakenduringtheyearearned,and canotbeacumulated.upontermination,resignationor retirementemployesarenotpaidforanyunusedvacation orsickleaveearned.atdecember31,203,therewereno acumulatedorvestedbenefitsrelatedtovacationand sickleavethatrequiredisclosureinacordancewithgasb CodificationC60.

15 ST.T/%MANYPARISHASESOR Covington,Louisiana NotestotheFinancialStatements December31, NOTEA-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(CONTINUED) I.Encumbrances Encumbranceacountingisnotutilizedduetothenature ofoperationsandtheabilityofmanagementomonitor budgetedexpendituresonatimelybasis. 12.TotalColumnonBalanceShet Thetotalcolumnonthebalanceshetiscaptioned MemorandumOnlytoindicatethatitispresentedonlyto facilitatefinancialanalysis.datainthiscolumndoes notpresentfinancialpositioninconformitywith generalyaceptedacountingprinciples.neitherisuch datacomparabletoaconsolidation. NOTEB-LEVIEDTAXES Advaloremtaxesof3.21milswereauthorizedandleviedfor theoperationoftheasesor'soficefortheyear. Thefolowingaretheprincipaltaxpayersfortheparish: CentralLa.Elect.Co. BelSouthInc. HiberniaNationalBank McKesonCorporation BankOneManagementCorp CharterCon~nunications Wash$-St.TarmanyElect. AtmosEnergyLouisiana ParishNationalBank Typeof Busines Utility $ Telephone Bank Pharmaceutical Bank Comunication Utility Utility Bank TriStatesNGLPipelineUtility Asesed Valuation Percentageof TotalAsesed Valuation 4.75% Thetotalasesedvaluationforaltaxpayersat December31,203,was$62,234,780.Thisfigurewas usedincalculatingthepercentageofthe"asesed valuationofeachofthetenlargesttaxpayers"listed abovetothe"totalasesedvaluationforaltaxpayers."

16 13 NotestotheFinancialStatements ST.TA~SYPARISHASESOR Covington,Louisiana December31,203 NOTEC-CASHANDCASHEQUIVALENTS AtDecember31,203,thecaryingamounts(bokbalances) ofalcashandcashequivalentsoftheasesorwereas folows: Certificatesofdeposits Interestbearingdemanddeposits $7,724 Total Thesedepositsarestatedatcost,whichaproximates market.understatelaw,thesedeposits,ortheresulting bankbalances,mustbesecuredbyfederaldeposit insuranceorthepledgeofsecuritiesownedbythefiscal agentbank.themarketvalueofthepledgedsecurities plusthefederaldepositinsurancemustataltimesequal theamountondepositwiththefiscalagent.these securitiesareheldinthenameofthepledgingfiscal agentbankinaholdingorcustodialbankthatismutualy aceptabletobothparties.atdecember31,203,the asesorhad$424,969indeposits(colectedbankbalances). AtDecember31,203,thesedepositsweresecuredfromrisk by$30,0ofederaldepositinsurance$124,969ofpledged securitiesheldbythecustodialbankinthenameofthe fiscalagentbank(gasbcategory3). Eventhoughthepledgedsecuritiesareconsidered uncolateralized(category3)undertheprovisionsofgasb Statement3,LouisianaRevisedStatute39:129imposesa statutoryrequirementonthecustodialbanktoadvertiseand selthepledgedsecuritieswithini0daysofbeingnotified bytheasesorthathefiscalagenthasfailedtopay depositedfundsupondemand.

17 14 NotestotheFinancialStatements ST.T~ Covington,Louisiana PARISHASESOR December31,203 NOTED-INVESTMENTS AtDecember31,203,theasesorheldthefolowingtypes ofinvestments: LouisianaAsetManagement Carying Cost/ Amount Market Value Pol(LAMP) $108,072$i08,072 InacordancewithGovernmentalAcountingStandardsBoard CodificationsectionI50.126,theinvestmentinLAMPat s Acordingly,LAMPinvestmentsarerestrictedtosecuritiesisued, guaranted,orbackedbytheu.s.treasury,theu.s.government, oroneofitsagencies,enterprises,orinstrumentalities,aswel asrepurchaseagrementscolateralizedbythosesecurities.lamp isubjectotheregulatoryoversightofthestatetreasurerand theboardofdirectors.lampisnotregisteredwiththesecasan investmentcompany. NOTEE-CHANGESINGENERALFIXEDASETS Asumaryofchangesingeneralfixedasets(ofice furnishingsandequipment)folows: Balance,December31,203 Aditions $524,936 Deductions 7,958 Balance,December31,204 ( )

18 15 NotestotheFinancialStatements ST.TAMAN~PARISHASESOR Covington,Louisiana December31,203 NOTE-CHANGESINGENERALFIXEDASETS(CONTINUED) InMay,203theasesormovedherCovingtonoficestothe newparishoficebuildingat701northcolumbiastretin Covington.Whilepreparingforthismove,theasesor disposedofobsolete,damagedanduselesfixedasets.in adition,thecapitalizationpolicyforfixedasetsrecorded onthemasterfixedasetslistwasincreasedtoincludeonly fixedasetswithacostof$50ormore.alotherfixed asetsweredeletedfromthislist.thesearethereasonswhy deductionstotaled$327,289for203. NOTEF-PENSIONPLAN PlanDescriPtion SubstantialyalemployesoftheSt.TamanyParish Asesor'soficearemembersoftheLouisianaAsesor's RetirementSystem(System),acost-sharing,multiple-employer definedbenefitpensionplanadministeredbyaseparateboard oftrustes. Alful-timemployeswhoareundertheageof60atthe timeoforiginalemploymentandarenotdrawingretirement benefitsfromanyotherpublicretirementsysteminlouisiana arerequiredtoparticipateinthesystem.employeswho retireatorafterage5withatleast12yearsofcredited serviceoratorafterage50withatleast30yearsof creditedservicearentitledtoaretirementbenefit,payable monthlyforlife,equalto3percentoftheirfinal-average salaryforeachyearofcreditedservice,nottoexcedi0 percentoftheirfinal-averagesalary.final-averagesalary isthemploye'saveragesalaryoverthe36consecutiveor joinedmonthsthatproducethehighestaverage.employeswho terminatewithatleast12yearsofserviceandonot withdrawtheiremployecontributionsmayretireatorafter age5andreceivethebenefitacruedtotheirdateof termination.thesystemalsoprovidesdeathandisability benefits.benefitsarestablishedbystatestatute. TheSystemisuesananualpubliclyavailablefinancial reportthatincludesfinancialstatementsandrequired suplementaryinformationforthesystem.thatreportmaybe obtainedbywritingtothelouisianaasesor'sretirement System,PostOficeBox1786,Shreveport,Louisiana ,orbycaling(318)

19 16 NotestotheFinancialStatements ST.TARKANYPARISHASESOR Covington,Louisiana December31,203 NOTEF-PENSIONPLAN(CONTINUED) FundingPolicy Foralof203,planmembers(employes)wererequiredby statelawtocontribute8.0percentoftheiranualcovered salaryintotheretirementsystem,andtheasesor(employer) wasrequiredtocontribute14.0percentofanemploye's anualcoveredpayrolintothesystem.contributionstothe Systemalsoincludeone-fourthofonepercent(onepercentfor OrleansParish)ofthetaxeshowntobecolectiblebythetax rolsofeachparish,plusrevenuesharingapropriatedbythe legislature. Thecontributionrequirementsofplanmembersandthe St.TamanyParishAsesorareestablishedandmaybeamended bystatestatute. ASprovidedbyLouisianaRevisedStatute1:103,themployer contributionsaredeterminedbyactuarialvaluationandare subjecttochangeeachyearbasedontheresultsofthe valuationforthepriorfiscalyear.theasesor's (employer)portionofcontributionstothesystemforthe yearsendeddecember31,203,202and201,were$147,510, $14,95,and$70,314respectively,andtheseamountsequaled therequiredcontributionsforthoseyears. In203,theasesorpaidthemployes'portionoftheir retirementcontributionstothesystemtotaling$84,272. NOTEG-POSTEMPLOYMENTHEALTHCAREANDLIFEINSURANCEBENEFITS TheSt.TamanyParishAsesorprovidescertaincontinuing healthcareandlifeinsurancebenefitsforetired employes.substantialyaloftheasesor'semployes becomeligibleforthesebenefitsiftheyreachnormal retirementagewhileworkingfortheasesor.thesebenefits forretiresandsimilarbenefitsforactivemployesare providedthroughthelouisianaasesorsinsurancefund. Monthlypremiumsforalemployesarepaidtotalybythe asesor.theasesorecognizesthecostofprovidingthese benefitsasanexpenditurewhenpaidduringtheyear.forthe yearendeddecember31,203,thetotalcostofbenefitspaid bytheasesorforalactivemployesandretireswas $275,812and$32,136,respectively.

20 17 NotestotheFinancialStatements ST.TAMANYPARISHASESOR Covington,Louisiana December31,203 NOTEH-LEASES OperatinqLease Operatingleasesarealleasesthatdonotmetthecriteria ofcapitalleases.theasesor'soficewasthelesor underoneleaseforavehicle.alrequiredmonthlylease paymentsweremadeduringtheyearandtheytotaled$8,280. Therewerecormaitmentstotaling$8,280remainingunderthis autoleasewhichbeganonjanuaryi,203withmonthlypayments of$690expiringondecember31,204. Also,theasesorleasedcertainoficespaceinaditionto facilitiesprovidedbytheparishcouncilunderanoperating lease.theleaseperiodwasonamonth-to-monthbasisat$90 permonth.oficerentexpenditurefortheyearended December31,203,totaled$4,50,whichisonlyforfive months.thisisbecausetheasesormovedhercovington oficesintothenewparishoficebuildingat701north ColumbiaStretinCovingtoninMay,203. Therewerenotheroperatingorcapitaleases. NOTEI-EXPENDITURESOFTHEASESORNOTINCLUDEDINTHE LouisianaR.S.3:4713requirestheparishcounciltoprovide FINANCIALSTATEMENTS theasesorwithalnecesaryoficespace,utilities, furnitureequipment,suplies,andmaps.duringtheyear,the councilprovidedoficespace,utilitiesandjanitorial servicesonalimitedbasis.thevalueoftheseitemsarenot reflectedintheacompanyingfinancialstatements.under thisarangement,theasesorhasoneoficelocatedin CovingtonandoneinSlidelinSt.TamanyParish. NOTEJ-LITIGATION Therewasnopendingorthreatenedlitigationagainsthe materialadversefectonthefinancialstatements. asesor'soficeatdecember31,203,whichwouldhavea

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22 19 SuplementaryInformationSchedule ST.TAMANYPARISHASESOR Su~naryScheduleofPriorAuditFindingsand Covington,Louisiana CorectiveActionPlanforCurentYearAuditFindings FortheYearEndedDecember31,203 Ihaveauditedtheacompanyinggeneralpurposefinancialstatements ofthest.tamanyparishasesorasofandfortheyearended December31,203,andhaveisuedmyreporthereondatedJune7, 204.Iconductedmyauditinacordancewithgeneralyacepted auditingstandardsandthestandardsaplicabletofinancialaudits containedingovernmentauditingstandards,isuedbythe ComptrolerGeneraloftheUnitedStates.Myauditofthefinancial statementsasofdecember31,203,resultedinanunqualified opinion. Therewerenomaterialweaknesesin SectionI-SumaryofAuditor'sReportandFindings reportableconditionswhichrequired internalcontrolandnoother report. disclosureinthisaudit Therewerenoinstancesofnoncompliancethatwererequiredtobe reportedinthisauditreport. Therewerenootherfindingsrequiredtobereported,andno managementleterwasisuedforthecurentauditperiod. Therewerenoprior-yearauditfindings. TheSt.Tanm~nyParishAsesordidnotreceiveanyfederalfunds duringthetwelvemonthsendeddecember31,203.

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24 CERTIFIEDPUBLICACOUNTANT KEITHJ,ROVIRA 21 (504) METAIRIE,LOUISIANA70I*5297 3IMETAIRIEROAD REPORTONCOMPLIANCEANDONINTERNALCONTROLOVER FINANCIALSTATEMENTSPERFORMEDINACORDANCE FINANCIALREPORTINGBASEDONANAUDITOF WITH HonorablePatriciaSchwarzCore Covington,Louisiana St.TamanyParishAsesor Ihaveauditedthegeneralpurposefinancialstatementsofthe St.TamanyParishAsesorasofandfortheyearendedDecember 31,203,andhaveisuedmyreporthereondatedJune7,204.I conductedmyauditinacordancewithgeneralyaceptedauditing standardsandthestandardsaplicabletofinancialauditscontained ingovernmentauditingstandards,isuedbythecomptrolergeneral oftheunitedstates. Compliance Asapartofobtainingreasonableasuranceaboutwhetherthe St.TamanyParishAsesor'sgeneralpurposefinancialstatements arefreofmaterialmistatement,iperformedtestsofits compliancewithcertainprovisionsoflaws,regulationsand contracts,noncompliancewithwhichcouldhaveadirectandmaterial efectonthedeterminationofthefinancialstatementamounts. However,providinganopiniononcompliancewiththoseprovisions wasnotanobjectiveofmyaudit,andacordingly,idonotexpres suchanopinion.theresultsofmytestsdisclosednoinstancesof noncompliancethatarerequiredtobereportedundergovernment Tn~mvnalCntrn]OverFinancialReortinQ Inplaningandperformingmyaudit,IconsideredtheSt.Tamany ParishAsesor'sinternalcontroloverfinancialreportinginorder todeterminemyauditingproceduresforthepurposeofexpresingmy opiniononthegeneralpurposefinancialstatements

25 2 andnotoprovideasuranceontheinternalcontroloverfinancial reporting.myconsiderationoftheinternalcontroloverfinancial reportingwouldnotnecesarilydisclosealmatersintheinternal controlthatmightbematerialweakneses.amaterialweaknesisa conditioninwhichthedesignoroperationofoneormoreofthe leveltheriskthatmistatementsinamountsthatwouldbematerial internalcontrolcomponentsdoesnotreducetoarelativelylow auditedmayocurandnotbedetectedwithinatimelyperiodby employesinthenormalcourseofperformingtheirasigned inrelationtothegeneralpurposefinancialstatementsbeing materialweakneses. functions.inotednomatersinvolvingtheinternalcontrolover financialreportinganditsoperationsthaticonsidertobe Thisreportisintendedsolelyfortheuseofmanagementandthe anyotherpurpose.thisrestrictionisnotintendedtolimitthe distributionofthisreportwhich,uponaceptancebythestateof StateofLouisianaLegislativeAuditorandshouldnotbeusedfor LouisianaLegislativeAuditor,isamaterofpublicrecord. KeithJ.Rovira CertifiedPublicAcountant June7,204