ALENPARISItLIBRARY Obcrlin,l,ouisiana. FinancialReport. YearEndedDecember3l,20

Transcription

1 R~CtVF~O 2.01JUL-3it~~o:2~ ALENPARISItLIBRARY Obcrlin,l,ouisiana FinancialReport YearEndedDecember3l,20 Underprovisionsofstatetaw,thisreportIsa document.acopyofthereporthasbensuhm thentityandotherapro~,liat(,publicoficial reportiszw~ilat)fe"or,!.t~cil!:,:?erqr,.,7!lhe Rougeoficeofth(,I,;,3:.,'e.kjJ~tOIgmd,w apropriate,atheoificeofthepahsltclerkof ReleaseDate._.~/_,'/}1)-

2 TABLEOFCONTENTS ndcpcndcnlauditors'report GENERAl,PURPOSI';FINANCIAl,STATEMENTS (COMBINEDSTATEMENTS-OVERVIEW) Combinedbalanceshet-govcrmnentalfiredtypeand Statementofrevenues,expenditures,andchangesin acotlulgrol.lps Notestofinancialstatements fundbalances-budget(gapbasis)andactual- GeneralFund COMPI,1ANCI"ANDINTERNAl,CONTROl ReportonComplianceandonInternalControl OverFinancialReportingBasedonanAudit offinancialstatementsi'crformedinacordance withgovernmentaudilinr,slmmard~ Sumaryscheduleofcurentandprioryearaudit findingsandcorectiveactionplan Page

3 CBunionK~kl~f,CPA" RusorlFChampa~no.CPA VbcJorRSlave~.CPA" ChrisRalney,CPAo Conrad0Chapmen,CPA' P.lroyCou~]loCPA" AIonJLa[Iry,CPA PenyA,qgeleScru0ginsCPA Mary3.IhibOdeaux,CPA GoraldAlh,bodeaux,Jr,CPA KeTlyMDoucet,CPA KonelhJ,~achaT,CPA AProf~s~natA~n~Cor~ralon KOLDER,CHAMPAGNE,SLAVEN&RAINEY,LC CERTIFIEDPUBLICACOUNTANTS BoardofControl AlenParishl,ibrary Oberlin,I,ouisiana P.O.Box539 Oberlin,LA7065 Phone(37) Fax(37) INDEPENDENTAUD]TORS'REPORT 'VtBSITE: WVCWKCSRCPASCOM MEMBEROF: AMERICANINS]I1U1EOF CERTtFtEOPUBUCACOUNIAN%S SOCIEIYOFLOUtSIANA CERTIFIEDPUBLICACOUNIAN]S WehaveauditedtheaeompauyingeneralpurposefinancialstatementsoftileAlenParishLibrary (thel,ibrary),acomponentunitofthealenparishpolicejury,asofandfortheyearendeddecember31, 20.ThesegeneralpurposefinancialstatementsaretileresponsibilityoftheLibrary'smanagement.Our responsibilityistoexprcsanopiniononthesegeneralpurposefinancialstatementsbasedonouraudit. Weconductedourauditinacordancewithauditingstandardsandtilestandardsgeneralyaceptedin theunitedstatesofamericaplicabletofinancialauditscontainedingovernmentauditing_standards, isucdbythecomptrolergeneraloftheunitedstates.thosestandardsrequirethatweplanandperformthe auditobtainreasonableasuranceaboutwhethertilegeneralpurposefinancialstatementsarefreof materialmistatement.anauditincludesexamining,onatestbasis,evidencesuportingtheaniountsand disclosuresinthegeneralpurposefinancialstatements,anauditalsoincludesasesingtileacounting principlesusedandsignificantestimatesmadebymanagement,aswelasevahmtingtheoveralgeneral purposefinancialstatementpresentation.webelievethatourauditprovidesareasonablebasisforour opinion İnouropinion,thegeneralpurposefinancialstatementsreferedtoabovepresentfaMy,inal materialrespects,thefinancialpositionofthealenparishlibrary,asofdecember31,20,andtileresults ofitsoperationsforfileyearthenended,inconformitywithgeneralyaceptedacountingprinciples. Inacordancewith olourconsiderationofthe regulalions. GovernmentAuditingStandards,wehavealsoisueda AlenParishLibrary'sinternalcontrolstructureanditsreportdatedMay30,201 compliancewithlawsand Thefinancialinfornrationfortheprecedingyearwhichisincludedforcomparativepurposes,was takenfi'omtilefinancialreportdatedmay4,20,forthatyear,inwhichwexpresedanunqualified opinionontilegeneralpurposefinancialstatementsofthealenparishlibrary. Kolder,Champagne,Slaven&Rainey,LC CerlifiedPublicAcountants May30, RueIBeautgald13Eastlr{dg~SOeCl13~EastWadl]234DavidDrive.S[I]I~105 I~a~ue,I,A7o5o8B~cau~Bridge,lA70517Marksvile,LA71351MorganCBy,LA70380 Pl~onc(3?) ]pho~(37) Phone(318) Phone(985) Fax(3?)2~2-S60IaxO37} Fax(3[g)2$3-8681Fax(985) ~2V,'.SixthA,enu~ Obedin,LA7065 Phone(37) Fax(37i OSOulhMa~n$1,~1 Abevile,1,A7051 PhoneOlT)g Fix037)

4 GENERALPURPOSEFINANCIALSTATEMENTS (COMBINEDSTATEMENTS-OVERVIEW)

5 ALENPARISHLIBRARY CombinedBalaceShet-GovernmentalFundTypeandAcountGroups Oberlin,Louisiana December31,20 Govcrnlenla GeneralFund FundType GeneralGeneral Fixed AcountGroups Asets Long-Term Debt 20 (Menmraudtun Totals Only) 19 Cash ASETSANDOTIERI)EBITS Interest-bearingdeposits Invcstlncnts $526 Advaloremtaxesreceivable 14,84 lntergovernmental 51,676 $526 14,84 $ ,740 51, , , ,403 receivables: Stalerevenuesbaring l,ibrary,land,building, equipmentandboks Grants 17, ,603 Amountobeprovidedfor ,262 7,601 1,425,201,538,796 1,679 retirementofgeneral long-termdebt Totalasetsand 28,236 28,236 24,057 utherdebits $723,69 $1,425,20 $28,236 $2,17,147$2,209,982 l.iabililies: 1.1ABI.1TIESANDFUNDEQUITY Acountspayable Acruedpayables Salariespayable Compensatedabsences $8,07279 payable 10,896 $~ $8,07$4,560 10, , Fundequity: Totaliabilities 19,182 28,236 28, ,057 39,975 ]uveslmentilgeneral fixedase~.s l"undbalances- Reservedfordebtservice Unreserved,undesignated 28,236 1,425,20 1,425,201,538,796 Totalftmdequity 676,273 28, ,425,20 2,129, ,273 2,170,07 607,154 24,057 Totaliabilities Theacompanyingnotesareanintegralpartofthistatement. andfiredequity $723,691 $1,425,20 $2,17,147$2,209,982 3

6 Revcnucs: Taxes-advalorem lntergovcrnlental- Stalerevenuesharing Stateaid Federalgrant Stategrant Miscelaneous- Interest Othersources Totalrevenues ALENPARIStlLIBRARY Oberlin.Louisiana StatementofRevenues,Expenditures,andChangesinFundBalances-Budget (GAPBasis)andActual-GeneralFund YearEndedDecember31,20 WithComparativeActualAmountsforYearEndedDecember31,19 Expenditures: Curent- Cultureandrecreation: Salariesandwages Payroltaxes Rctlrcnlcntcontributions Groupinsurance Utililicsandlelephone Profesionalfes Advertising,ducsandsubscriptions Buildingrentals Equipmentrentals Generalinsurance Periodicalsandsubscriptions Travel Suplies Repairsandnlaintenance Consulting Bokrentals Totalcultureadrecreation Capitaloutlay- Boks Buildingimprovenlenis Equipment Totalcapitaloutlay Totalexpenditures Exces(deficiency)ofrevenuesoverexpenditures Fundbalances,begining Fundbalances,ending Theacompanyingnotesareanintegralpartofthistatement BudgetActual $490,0$491,58 52,809 14,07 24, ,0 15, ,528 8,915 13,372 23,867 27,103 4,457 5,7261,837 8,3928,537 6,4578,915 72,2636,64 8, ,020 14,846 20~0 87,86 51,7 52,81 14,109 23, ,175 18, ,0 8,137 14,79 24,679 28,780 4,480 5,921 1,90 8,678 8,827 6,708 8,014 67, , ,30 41,732 12,075 18, ,38273, ,2163],21 $693,593 Variance- Favorable (Uufavorable) 2 32(742) (1,8) 1,175 3, (9,472) 78 (1,407) (812) (1,67)(23) (]95)(63) (286) (290) (25i) 9Ol 4,907(26) (303) (8,419) 1,28 2,71 1,353 15,412 6,93 10, Actual $471,371 52,804 14,07 20, , ,705 8,124 15,367 27,289 26,862 4,98 7,56 5,0 7,71 9,105 5,724 1,591 43,472 9,061 9, ,565 21,375 20, ,82 86,925 54,286 $704,509$10,916$631,21

7 ALF.NPARISHLIBRARY NotestoFinancialStatements Oberlin,l.ouisiana (1)_St,ml!lary~t"SignifiqanLAceou,~!ị,/g.l'olicies createdunderlouisianarevisedstatue25:21 purposeofthei.ibraryistoprovidelibraryfac TheAlienI'arishLibrary,whichisa componentunitofthealienparishpolicejta~,was itiestoresidentswithinitsboundaries. TheLibraryoperatesunderal~;oardofControl.The A.Fiuancia!.RcportingEjty Thefolowingisasumaryofcertainsignificantacountingpolicies FundAcoun!ing whichisconsideredaseparateacountingentitỵtheoperationof/hefiredisacounted forwithaseparatesetofself-balancingacountsthaicomprisesitsasetșliabilities,fired TileacountsoftheLibraryareorganizedintofiredandacotmtgroupșeachof equity,revenuesaudexpeuditureṣacountgroupsarereportingdevicesusedtoaeoult forcertainasetsandliabilitiesoftilegovernmentalfundnotrecordedirectlyinthat fired. C._/'~xedAsetsand1,ong-Te'mLiabj/i_ties labilitiesasociatedwithafiredaredeterminedbyitsmeasurementfocus. Theacountingandreportingtreatmentapliedtothefixedasetsandlong-term measurementfocus,andonlycurentasetsandcurentliabilitiesaregeneralyincluded ontilebalanceshet. Thegeneralfundoperationsareacountedforonaspendingor"financialflow"

8 ALENPARISH],IBRARY Oberlin,1,ouisiana NotestoFinancialStatements(Continued) inthegeneralfixedasetsacountgroupandarerecordedasexpendituresintile GeneralFundwhenpurchased.Nodepreciationhasbenprovidedongeneralfixed Thefixedasetsusedinthegovernmentalfundtypeoperalionsarcacountedfor asets.alfixedasetsarestatedathisloricalcostoz"estimatedhistoricalcostifactual hisloriealcostisnotavailable.donatedfixedasetsarcstatedatheirestimatedfair marketvalueonthedatedonated.estimatedamountsarcimaterialinrelationtototal fixedasets. acounlcdforinthegenerallong-termdebtacountgroup. Long-termliabilitiesexpectedtobefinancedfromgeneralftmdoperationsarc D.t~asisQfAco~tnting reportedinthefinancialstatements.basisofacountingrelatestothetimingofthe measurementsmade,regardlesofthemeasurementfocusaplied. Basisofacountingreferstowhenrevenuesandexpendituresarcrecognizedand modifiedacrualbasisofacounting.underthelnodifiedacrualbasisofacounting, revenuesarcrecognizedwhensusceptibletoacrual,whentheybecomebothmeasurable Thegovernmentalfundintheacompanyingfinancialstatementsisreportedona andavailable."measurable"meanstheamountofthetransactioncanbedeterminedand "available"meanscolectiblewithinthecurentperiodorsonenoughthereaftertobe usedtopayliabilitiesofthecurentperiod.thefolowingpracticesareutilized: Revenuespopulationandhomesteadsintheparish)arerecordedintheyearthetaxesareasesed. Advaloremtaxesareasesedonacalendaryearbasis,becolnedueilDecemberofeach Advaloremtaxesandtherelatedstaterevenesharing(whicharcbasedon yearandbecomedelinquentonjanuaryi.thetaxesaregeneralycolectedin l)ecember,january,andfebruaryofeachfiscalyear.otherevenuesthatareconsidered susceptibletoacrualincludearnedgrantrevenuesandinterestoninterest-bearing deposits.substantialy,alotherevenuesarerecordedwhenreceived. F,xpcndituresacountingwhentherelatedfundliabilityisincured. Expendituresaregeneralyrecognizedunderthemodifiedacrualbasisof nthefinancialstatements: TheLibraryfolowslheseproceduresinestablishingthebudgetarydatareflected TheLibrary'sDirectorpreparesaproposedbudgetandpresentsito theboardofcontrolpriortoninetydaysbeforethebeginingof eachfiscalyear.

9 A1,LENPAR1SILIBRARY NotestoFinancialStatements(Continued) Oberlin,Louisiana 2AftertileproposedbudgetispresentedtotileBoardofControl,tile Boardpublishestheproposedbudgetandnotifiesthepublicthathe proposedbudgetisavailableforpublicinspection.atilesametime, apublicbearingiscaled. ApublichearingisheldbytileBoardontileproposedbudgetatleas! teldaysafterpublicationofthecalfortilehearing. Anychangesintheproposedanualoperatingbudgetrequiresa majorityvoleoftheboardofcontrol. Nolaterthantilelastregularmetingofthefiscalyear,tileBoardof Controladoptstileanualoperatingbudgetfortilensuingfiscal 6year. Budgetsarcadoptedonabasisconsistentwithgeneralyacepted acountingprinciples(gap). ]nterest-bea0ngdeposits Budgetapropriationslapseatyearend G._('ompensated.Absence8 Interest-bearingdepositsarestatedatcost,whichaproximatesmarket beactunulaledindefinitely.employeswhoresign,retireorwhoaredismisedfrom employmentshalnotbepaidforalyacruedsickleave. Eachfiltimemployecamseight(8)hoursofsickleavepermonthwhichcan Vacationleaveisearnedasfolowsforeachfultimemploye Director Otheremployes- 15yearsormoreofservice 1yearto15yearsofservice 3weks Employesalsocamcompensatedtimeforovertimehoursworked.The 2weks compensatedtimemaybeusedastimeofintilefutureinlieuofovertimepay. Employesmayaecunmlateandcaryovervacationleaveandcompeusatedtime.The Group. liabilityfortheseitemshasbenrecordedilthegenerallong-termdebtacount

10 AI.I.ENI)ARISFI1.1BRARY Oberlin,Louisiana NotestoFinancialStatements(Continued) comitmentsforthexpend/lureofmoniesarerecordedinorderloreservethatporliou oftheaplicableapropriation,isnotemployedbythelibraryasanextensionoformal Encumbranceacounting,underwhichpurchaseorders,comracts,andother budgelaryintegralioninthefunds. _BadDcbls recognizedasbadebtsathetimeinformationbecomesavailablewhichwouldindicate uncolclibilityofthereceivable.althoughlhespecificharge-ofmethodisnotin Uncolectibleamountsdueforadvaloremtaxesandotherevenuesare conformitywithgeneralyaceptedacountingprinciples(gap),noalowancefor uncolectiblereceivableswasmadeduel.oimaterialityatdecember31,20. Memol:audumOnly-'!~otalC01umu Onlytoindicate/hatilispresentedonlytofacilitatefinancialanalysiṣDatainthis columndoesnotpresentfinancialpositionoresultsofoperaqonsinconformityv,itls ThetotalcolumnonlheCombinedBalaucShetiscaptionedMemorandum generalyaceptedacountingprincipleșneitherisuchdatacomparabletoa consolidation,]nterfundeliminationshavenotbenmadeintheagregationofthisdatạ (2)_C-ashandhlerestBearingI)ejmsiḷs_ Demandeposits ]nterest-beariugdemandandsavingsacounts Tola $526 ]4s~D4

11 ALENPARISH1.1BRARY NotestoFinancialStatements(Continued) Oberlin,Louisiana deposits,(ortheresultingbankbalances)mustbesecuredbyfederaldepositinsuranceorthepledge ofsecuritiesownedbythefiscalagentbank.themarketvalueofthepledgedsecuritiesplusthe Thesedepositsarestaledatcost,whichaproximatesmarket.Understatelawțhese federaldepositinsurancenlustataltimesequaltheamountondcpositwiththefiscalagentbank. l)cposilbalances(bankbalauces)atdecember31,20,aresecuredasfolows: Federaldepositiusurar~c $154,494 Pledgedsecurities(Category3) 10,546 Totalfederaldepositinsuranceandpledgedsecurities $154,494 53,948 securitiesarcheldbythebrokerordealer,orbyitstrustdepartmentoragent,butnotinthelibrary's name.eventhoughthepledgedsecuritiesareconsideredncolateralizcd(category3),l,ouisiana PledgedsecuritiesiuCategory3includesuninsuredoruregisteredinvestmentsforwhichthe RevisedStatue39:129imposesastatutoryrequirementonthecustodialbanktoadvertiseandsel thepledgedsecuritieswithin10daysofbeingnotifiedbytbelibrarythatlhefiscalagenthasfailedto paydepositedfundsnpoudemand. (3)]nvestmcnts AsetManagementPol(LAMP),alocalgovernmentinvestmentpol.Inacordancewith GASBCodificationSection ,theinvestmenlinI,AMPisnotcategorizedinthethre Investmentsiutheamountof$51,676atI)ecember31,20areinthel,ouisiana riskcatcgoriesprovidedbygasbcodificationsection becausetheinvestmentisin thepolofluidsandtherebynotevidencedbysecuritiesthatexistinphysicalorbokentry form.lampisadministeredbylamp,inc.,anon-profitcorporationorganizedundertile lawsofthestateoflouisiana,andisgovcrnedbyaboardofdirectorscomprisedof representativesfi'omvariouslocalgovernmentsandstatewideprofesionalorganizationṣ OnlylocalgovernmentshavingcontractedtoparticipateinLAMPhaveaniuvestmeut interestinitspolofasets.while1,ampisnotrequiredtobearegisteredinvestment companyundertheinvestmentcompanyactof1940,itsinvestmentpoliciesarcsimilarto thosestablishedbyrule2-a7,whichgoven~sregisteredmoneymarketfunds.theprimary objectiveoflampistoprovideasafenvironmentfortheplacementofpublicfimdsin short-term,highqualityinvestments.thelampportfolioincludesonlysecuritiesandother obligationsinwhichlocalgovernmentsinlouisianareauthorizedtoinvest.acordingly, LAMPinvestmentsarcrestrictedtosecuritiesisued,guaranted,orbackedbytheU.S. Treasury,theU.S.goverlnent,oroneofitsagencies,enterprisesorinslrunlentalities,aswel asrepurchaseagrcmentscolateralizedbythosesecurities.thedolarweightedaverage portfoliomaturityoflampasetsisrestrictedtonotmorethan90daysandconsistsofno securitieswithamaturityinexcesof397days.tbefairmarketvalueofinvestmentsis determinedonaweklybasistomonitoranyvariaucesbetwenamortizedcostandmarket value.forpurposesofdeterminingparticipants'shares,investmentsarevaluedatamortized cost.thefairvalueoftheinvestmentisnotmaterialydiferentfromthereportedamount. I,AMPisdesignedtobehighlyliquidtogiveitsparticipantsimediateacestotheir acountbalances.

12 (4)AdValoremTaxcs (5) (6) ALENPARISILIBRARY Oberlin,Louisiana NotestoFinancialStatements(Continued) AdvaloremtaxesatachasanenforceablelienonpropertyasofJanuary1ofeachyear TaxesareleviedinSeptemberorOctoberandareactualybiledtothetaxpayersinDecember BiledtaxesareduebyDecember31,becomingdelinquentonJanuaryIofthefolowingyear. Taxrevenuesarerecognizedintheyeartheyarebiled ThetaxesarebasedonasesedvaluesdeterminedbytheTaxAsesorofAlenParishand arecolectedbythesherif.thetaxesareremitedtothealenparishlibrarynet&deductionsfor PensionFundContributions. Fortheycarendedl)cmbcr31,20,taxesof8.76milswereleviedonproperlywithnet asesedvaluationstotaling$58,31,260andwerededicatedtopayingtheadministrative,operations andmaintenancexpendituresforthelibrary. Totaltaxeslevieduring20were$510,809.Taxesreceivableatl)cember31,20 amountedto$504,740. GeneralFixedAsets Asumaryofchangesingeneralfixedasetsfolows l,and Boks Building Equipment Ftlrnilureand fixtures Total P,eliremenlComitments Balance January1,20AditionsDeletions $10,50 842, , ,460 $ 41,732 12,075 17, , $1,538,796 $72,454 $165,240 15,74 5,046 $186,030 Balance December31,20 $10,50 719, , ,546 10,696 $1,425,20 q~ealenparishl,ibraryparticipatesintheparochialemployesretirementsystemof l.ouisiana,acost-sbaringmultiple-employer,publicemploycretirementsystem.

13 ALENPARISI1L1BRARY Oberlin,Louisiana NotestoFinancialStatements(Continued) beneficiaries.benefitsundertilesystemarcestablishedandamendedbylouisianastatestatutes.a publiclyavailablefinancialreportlhatincludesfinancialstatementsandrequiredsuplemental Thesystemprovidesretirement,disabilityandeathbenefitstoplanmembersand informationmaybeobtainedbywritingtotheparochialemployes'retirementsystem,p.o.box 14619,BatouRouge,l,ouisiaua l,ibraryisrequiredtocontributeathestatutoryrateof7.75percentoftheanualcoveredpayrol. TheLibrary'scontributionstothesystemfortheyearendedI)ecember31,20,19and198were Planmembersarerequired1ocontribute9.5percentoftheiranualcoveredsalaryandtile $14,79,$15,367and$13,853,respectively,equal1otherequiredcontributionforeachyear. (7)BoardofControl 20areasfolows: Non-comisionedmembersoftileAlenParishLibraryBoardofControlatDecember31 l,indacitizenthompson BarbaraConer Minie-l,ou1,yncb MargaretAnOsborn JohnStcgal Boardnlclnberservewithnocolnpcnsation R.E.Weatherford (8) 1,itiealionandClaim 20 (9) an~esinlon~,-termde TherewerenolitigationorclaimspendingagainstheAlenParishLibraryatl)ecmber31 yearendeddecember31,20: Thefolowingisasumaryoflong-termdebtransactionsoftheAlienParishLibraryfortile Compensatedabsencespayable,January1,20 $24,057 Aditions l~,etircments 13,362 9,183 Compensatedabsencespayable,December31,20 $28,236

14 COMPLIANCE AND INTERNALCONTROL

15 CBurtonKoldoqCPA* RusolF.Champagne,CPA ViclorRSlaven,CPA* ChrisRalne~,CPA* Conrad0Ch~tpman,CPA' P.1(ovCourvile,CPA* ABonJLaBry,CPA PenyA,qgeTleS~u0ginsCPA Maryl.IhibOdeaux,CPA GoroldA"fhibodeaux,Jr,CPA KelyMOou~l,CPA KenothJ.RachaT,CPA ~Aprofesk,n61Aw~.~.QCo~m,.l~, KOLDER,CHAMPAGNE,SLAVEN&RAINEY,LC CER]IFIEDPUBLICACOUNTANTS P.O.Box539 Oberlin,LA7065 Phone(37)639~1737 Fax(37)639~,568 W.~LBShE: ~"WKCSRCPASCOM MEMBEROF: AMERICANINSI1UIEOF CERIFIEDPUBLICACOUNTANIS SOCIETYOFLOUISIANA CERTIFIEDPUBLICACOUNTAN3S REPORTONCOMPLIANCEANDONINTERNAl,CONTROl,OVER FINANCIALREPORTINGBASEDONANAUDITOF FINANCIALSTATEMENTSPERFORMEDINACORDANCEWITt] GOVF.RNMENTAUDITINGSTANDARDS BoardofControl Alienl'arishLibrary Oberlin,l.ouisiana WehaveauditedthegeneralpurposefinancialstatementsoftheAlenParishLibrary,acomponent unitofthealcnparishpolicejuryfortheyearendeddecember31,20,andhaveisuedoureporthereon datedmay30,201.wecouductcdourauditinacordancewithauditing generalyaceptedintheunitedstatesofamericaplicabletofinancialand AuditingStandardsisuedbytheComptrolerGeneraloftheUnitedStates. _Co!npliance standardsandthestandards itscontainedingovernment AspartofobtainingreasonableasuranceaboutwhethertheAlenParishLibrary'sgeneralpurpose financialstatementsarefreofmaterialmistatement,weperformedtestsofitscompliancewithcertain provisionsoflawsandregulations,contractsandgrants,boncompliancwithwhichcouldhaveadirectand materialefectonthedeterminationofinancialstatementanmunts,tlowever,providinganopinionon compliancewiththoseprovisionswasnotanobjectiveofourauditand,acordingly,wedonotexpresuch anopinion.theresultsofourtestsdisclosednoinstancesofnoncompliancethatarerequiredtobereported underverumentauditin~standards nternalcontroloverfinancialreportin~ Inpla mingandperformingouraudit,weconsideredthealenparishlibrary'sinternalcontrolover financialreportinginordertodeteniueourauditingproceduresfortbepurposeofexpresingouropinionon thegeneralpurposefinancialstatementsandnotoprovideasuranceontheinternalcontroloverfinancial reporting.iowever,wenotedacertainmaterinvolvingtheinternalcontroloverfinancialreportingandits operationthatweconsidertobeareportablecondition.reportableconditionsinvolvematerscomingtour atentionrelatingtosignificantdeficienciesinthedesignoroperationoftheinternalcontroloverfinancial reportingthat,inourjudgment,couldadverselyafecthelibrary'sabilitytorecord,proces,sumarizeand reportfinancialdataconsistentwiththeasertiobsofmanagementinthefinancialstatements.thereportable conditionisdescribedintheaeompauyingsumaryscheduleofcurentandprioryearauditfindingsand corectiveactionplanatitem0-1(ic). 23'1RueBeauregald l.afayene,ia70508 I'hon~037) I Fax(37}232-S60 13EaslWadl1254DavidDrive,Suhe105408w.CotonSt,el Marksvile,LA'71351MorganCity,LA?0380VilePlate,LA70586 ]'hone(318) phone(985)3g4-2020phone(37) F.x(31$)~ Fax(985)38413~20 Fax(37) W,SixthAvenue Oberlin,LA9065 Phone(37)639-4?37 Fax(37) OSouthMalnSl,et ASbevile,IA7051I Phone(37) Fax(37)89~-7946

16 controlcomponentsdoesnotreducetoarelativelylowleveltileriskthatmistatemel~tsilamountsthat wouldbematerialinrelaliontotilegenera purposefinancialstatementsbeingauditedmayocurat~dnotbe Amaterialweaknesisaconditionilwhichtledesignoroperationofoneormoreoftileinternal detectedwithinatimelyperiodbyemployesilthenormalcourseofperformingtheirasignedfunctions. Ourconsiderationoftheinternalcontroloverfinancialreportingwouldnotnecesarilydisclosealmatersin theinternalcontrolthatmightbereportableconditionsand,acordingly,wouldnotnecesarilydiscloseal reportableconditionsthatarealsoconsideredtobematerialweakneses.however,webelievethereportable conditiondescribedintheacompanyingscheduleofcurentandprioryearauditfindingsandcorective actionplanatitem0-1(ic)isamaterialweaknes. recordanditsdistributionisnotlimited. Thisreportisintendedfortileinformationofmanagement.However,thisreportisamaterofpublic Kolder,Chanipagne,Slaven&Rainey,LC CertifiedPublicAcountants Oberlil,l,ouisiana May30,201 14

17