SIXTH WARD FIRE PROTECTION DISTRICT NO. 1 OF MOREHOUSE PARISH, LOUISIANA. FINANCIAL REPORT (Compiled) DECEMBER 31, 2015

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1 OF MOREHOUSE PARISH, LOUISIANA FINANCIAL REPORT (Compiled) DECEMBER 31, 2015 HILL, INZINA & COMPANY Certified Public Accountants A Professional Corporation 701 East Madison Avenue Bastrop, Louisiana Telephone Fax hillmzina@bellsouth.net

2 CONTENTS Page(s) ACCOUNTANT'S COMPILATION REPORT 1 and 2 BASIC FINANCIAL STATEMENTS Government-wide financial statements: Statement of net position - governmental activities - general fund 3 Statement of activities - governmental activities - general fund 4 Lund financial statements: Balance sheet - governmental fund - general fund 5 Statement of revenues, expenditures, and changes in fund balance - governmental fund - general fund 6 Reconciliation of governmental fund balance sheet to government-wide statement of net position 7 Reconciliation of governmental fund statement of revenues, expenditures, and changes in fund balance to government-wide statement of activities 8 REQUIRED SUPPLEMENTARY INFORMATION Budgetary comparison schedule: Schedule of revenues, expenditures, and changes in fund balance - budget and actual - governmental fund - general fund 9 OTHER SUPPLEMENTARY INFORMATION Schedule of compensation, benefits, and other payments to agency head 10

3 HILL, INZINA & COMPANY ACCOUNTANT'S COMPILATION REPORT Board of Commissioners Sixth Ward Fire Protection District No. 1 of Morehouse Parish, Louisiana Mer Rouge, Louisiana We have compiled the accompanying financial statements of the governmental activities and each major fund of Sixth Ward Fire Protection District No. 1 of Morehouse Parish, Louisiana (the "District") (a component unit of Morehouse Parish), as of and for the year ended December 31,2015, 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 District's management 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 District's management 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. The budgetary comparison information is presented for purposes of additional analysis. Such information, although not a required part of the basic financial statements, is required by the Governmental Accounting Standards Board (GASB) who considers it to be an essential part of financial reporting and for placing the basic financial statements in an appropriate operational, economic, or historical context. The supplementary information has been compiled from information that is the representation of management of the District. We have not audited or reviewed the supplementary information and accordingly, we do not express an opinion or provide any assurance on such supplementary information. -1- Certified Public Accountants A Professional Corporation 701 Last Madison Avenue Bastrop, Louisiana Telephone Fax L-mail hillmzina@bellsouth.net

4 Management of the District has omitted the management's discussion and analysis information that is required to be presented for purposes of additional analysis. Such missing information, although not a part of the basic financial statements, is required by the GASB, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. The District's management has elected to omit substantially all of the disclosures required by 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 District's financial position and results of operations. Accordingly, these financial statements are not designed for those who are not informed about such matters. /s/ Hill, Inzina & Co. February 23,

5 BASIC FINANCIAL STATEMENTS

6 STATEMENT OE NET POSITION - GOVERNMENTAE ACTIVITIES - GENERAE EUND December 31, 2015 ASSETS Cash $ 27,058 Certificate of deposit 171,531 Ad valorem taxes receivable 109,999 Capital assets: Eand 25,000 Other capital assets, net of depreciation Total assets DETERRED INEEOWS OE RESOURCES Property taxes $ NET POSITION Invested in capital assets $ 431,137 Unrestricted Total net position ^ Total deferred inflows of resources and net position -3-

7 STATEMENT OE ACTIVITIES - GOVERNMENTAE ACTIVITIES - GENERAE EUND As of and for the Year Ended December 31, 2015 Expenses: Governmental activities: Public safety: Depreciation $ 21,424 Dues 228 Insurance and surety bond premiums 17,890 Eegal and accounting 1,500 Maintenance and repairs 5,571 Office supplies 560 Pension cost 3,585 Salaries 12,720 Taxes - payroll 973 Training 862 Utilities 7,417 Total expenses General revenues: Ad valorem taxes $ 113,331 State revenue sharing 1,333 Eire insurance rebate 12,885 Interest and miscellaneous Total general revenues $ Change in net position $ 56,067 Net position - beginning Net position - ending 2 g22i22fi= -4-

8 BAEANCE SHEET - GOVERNMENTAE EUND - GENERAE EUND December 31, 2015 ASSETS Cash $ 27,058 Certificates of deposit 171,531 Ad valorem taxes receivable Total assets $ DETERRED INEEOWS OE RESOURCES AND EUND BAEANCE Property taxes $ 109,999 Eund balance - unassigned Total deferred inflows of resources and fund balance $_^^08458^ -5-

9 STATEMENT OE REVENUES, EXPENDITURES, AND CHANGES IN EUND BAEANCE GOVERNMENTAE EUND - GENERAE EUND As of and for the Year Ended December 31, 2015 Revenues: Ad valorem taxes $ 113,331 State revenue sharing 1,333 Eire insurance rebate 12,885 Interest and miscellaneous Total revenues $ Expenditures: Current: Public safety: Dues $ 228 Insurance and surety bond premiums 17,890 Eegal and accounting 1,500 Maintenance and repairs 5,571 Office supplies 560 Pension cost 3,585 Salaries 12,720 Taxes - pajroll 973 Training 862 Utilities 7,417 Capital outlay Total expenditures $ Net change in fund balance $( 148,385) Eund balance - beginning Eund balance - ending $

10 RECONCIEIATION OE GOVERNMENTAE EUND BAEANCE SHEET TO GOVERNMENT-WIDE STATEMENT OE NET POSITION December 31, 2015 Total fund balance - governmental fund balance sheet $ 198,589 Amounts reported for governmental activities in statement of net position are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported in the fund Total net position of governmental activities - government-wide statement of net position $

11 RECONCIEIATION OE GOVERNMENTAE EUND STATEMENT OE REVENUES, EXPENDITURES, AND CHANGES IN EUND BAEANCE TO GOVERNMENT-WIDE STATEMENT OE ACTIVITIES December 31, 2015 Net change in fund balance - governmental fund $( 148,385) Amounts reported for governmental activities in statement of activities are 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. This is the amount by which capital outlay ($225,876) exceeded depreciation expense ($21,424) in the current period Changes in net position of governmental activities - government-wide statement of activities $

12 REQUIRED SUPPLEMENTARY INFORMATION

13 SCHEDUEE OE REVENUES, EXPENDITURES, AND CHANGES IN EUND BAEANCE BUDGET AND ACTUAE - GOVERNMENTAE EUND - GENERAE EUND As of and for the Year Ended December 31, 2015 Variance with Einal Budget - Budgeted Amounts Eavorable Original Einal Actual (Unfavorable) Revenues: Ad valorem taxes $ 110,000 $ 110,000 $ 113,331 $ 3,331 State revenue sharing 1,000 1,000 1, Eire insurance rebate 12,000 12,000 12, Interest and miscellaneous Total revenues $ $ $ $ Expenditures: Current: Public safety: Dues $ 500 $ 500 $ 228 $ 272 Insurance 22,000 22,000 17,890 4,110 Eegal and accounting 3,000 3,000 1,500 1,500 Maintenance and repairs 28,000 28,000 5,571 22,429 Office supplies 4,000 4, ,440 Pension cost 4,000 4,000 3, Salaries 12,720 12,720 12,720 - Taxes - pajroll 1,000 1, Training 3,000 3, ,138 Utilities 9,500 9,500 7,417 2,083 Capital outlay Total expenditures $ $ $ $ Net change in fund balance $ - $( 225,875) $( 148,385) $( 77,490) Eund balance - beginning Eund balance - ending $ - $ $ $

14 OTHER SUPPLEMENTARY INEORMATION

15 SCHEDUEE OE COMPENSATION, BENEEITS, AND OTHER PAYMENTS TO AGENCY HEAD As of and Eor the Year Ended December 31, 2015 The District paid no compensation, reimbursements, or benefits to an agency head during the year ended December 31,