VILAGEOFMOREAUVILE,LOUISIANA FinancialReport YearEndedJune30,20. Oi0%~?GI'~IB:~3

Transcription

1 VILAGEOFMOREAUVILE,LOUISIANA FinancialReport YearEndedJune30,20 f~[t',?v!i. t[4<:(';'~',"!~do~ Oi0%~?GI'~IB:~3

2 INDEPENDENTAUDITORS'REPORT TABLEOFCONTENTS GENERALPURPOSEFINANCIALSTATEMENTS (COMBINEDSTATEMENTS-OVERVIEW) Combinedbalanceshet-alfundtypesandacountgroup Combinedstatementofrevenues,expenditures,andchanges Combinedstatementofrevenues,expenditures,andchangesinfund infundbalances-algovernmentalfundtypes Combinedstatementofrevenues,expenses,andchanges balances-budget(gapbasis)andactual-algovernmentalfundtypes Combinedstatementofcashflows-proprietaryfundtypes Notestofinancialstatements inretainedearnings-proprietaryfundtypes SUPLEMENTARYINFORMATION SCIJEDULESOFINDIVIDUALFUNDS GeneralFund: Comparativebalanceshet Statementofrevenues,expenditures,andchangesin Statementofrevenuescomparedtobudget(GAPbasis) fundbalances-budget(gapbasis)andactual SpecialRevenueFund: Statementofexpenditurescomparedtobudget(GAPbasis) Comparativebalanceshet Statementofrevenues,expenditures,andchangesin DebtServiceFund: fundbalances-budget(gapbasis)andactual Comparativebalanceshet Comparativestatementofrevenues,expenditures,and changesinfundbalance CapitalProjectsFund: Comparativebalanceshet Comparativestatementofrevenues,expenditures,and changesinfundbalance Page (continued)

3 TABLEOFCONTENTS(CONTINUED) EnterpriseFunds: Combiningbalanceshet Combiningstatementofrevenues,expenses, Combiningstatementofcashflows andchangesinretainedearnings GasandWaterFund- Comparativebalanceshet Comparativestatementofrevenues,expensesandchanges Comparativestatementofcashflows inretainedearnings SewerFund- Comparativebalanceshet Comparativestatementofrevenues,expensesandchanges Comparativestatementofcashflows inretainedearnings GeneralFixedAsetsAcountGroup- Scheduleofchangesingeneralfixedasets GeneralLong-TermDebtAcountGroup- Scheduleofgeneralong-termdebt INTERNALCONTROLANDCOMPLIANCEREPORTS ReportonComplianceandonInternalControloverFinancial ReportingBasedonanAuditofFinancialSlatemenlsPerformed inaecordanewithgovernmentauditingstandard~ Sumaryscheduleofcurentandprioryearauditfindings andcorectiveactionplan OTHERSUPLEMENTARYINFORMATION Scheduleofcashreceiptsandisbursements-restrictedacountsrequired byrevenuebondordinance- Scheduleofnumberofutilitycustomers GasandWaterUtilityFund SewerFund Scheduleofinsuranceinforce Page

4 C13~nonKotaer.CPA' RuselE.Champagne.SPA VictorRBlaen.SPA' C~fadChapman.CPA" P.TroyCourvile.SPA' AI~oatBOry.COt, PenyAn0eleSerugJnseRA MaryTNbodeau~.SPA GeralOAThibodeauxJr.CPA KelyMDoucel,CPA KenethJRecha~CPA ~APc6fes~on~lA~unl,n~orpoeation KOLDER,CHAMPAGNE,SLAVEN&COMPANY,LC CERTIFIEDPUBLICACOUNTANTS P,O.Box531 Marksvilte,LA71351 Phone(318) Fax(318) INDEPENDENTAUDITORS'REPORT TheHonorableLionelJ.Bordelon,Jr.,Mayor andmembersoftheboardofalderman VilageofMoreauvile,Louisiana WEeSITE: VWVWKCSRCPASCOM MEMBEROF: AMERICANINSTITUTEOF CERTIFIEDPUBLICACOUNTANTS SOCIETYOFLOUISIANA CERTIFIEDPUBLICACOUNTANIS WehaveauditedtheacompanyingeneralpurposefinancialstatementsoftheVilageof Moreauvile,Louisiana,asofandfortheyearendedJune30,20,aslistedinthetableofcontents.These generalpurposefinancialstatementsaretheresponsibilityofthevilage'smanagement.ouresponsibilityis toexpresanopiniononthesegeneralpurposefinancialstatementsbasedonouraudit. WeconductedourauditinacordancewithgeneralyaceptedauditingstandardsandGovernment AuditingStandards,isuedbytheComptrolerGeneraloftheUnitedStates.Thosestandardsrequirethatwe planandperformtheauditobtainreasonableasuranceaboutwhetherthegeneralpurposefinancial statementsarefreofmaterialmistatement.anauditincludesexamining,onatestbasis,evidence suportingtheamountsandisclosuresinthegeneralpurposefinancialstatements.anauditalsoincludes asesingtheacountingprinciplesusedandsignificantestimatesmadebymanagement,aswelasevaluating theoveralgeneralpurposefinancialstatementpresentation.webelievethatourauditprovidesareasonable basisforouropinion. Inouropinion,thegeneralpurposefinancialstatementsreferedtoabovepresentfairly,inal materialrespects,thefinancialpositionofthevilageofmoreauvitle,louisiana,asofjune30,20,andthe resultsofitsoperationsandcashflowsofitsproprietaryfundtypesfortheyearthenended,inconfornlity withgeneralyaceptedacountingprinciples. InacordancewithGovernmentAuditingStandards,wehavealsoisuedareportdatedOctober2, 20,onourconsiderationoftheVilageofMoreauvile'sinternalcontroloverfinancialreportingandour testsofitscompliancewithlaws,regulations,contractsandgrants. Ourauditwasconductedforthepurposeoforminganopiniononthegeneralpurposefinancial statementstakenasawhole.thefinancialinformationlistedas"suplementalinformation"inthetableof contentswhichincludesthescheduleofexpendituresofederalawardsispresentedforpurposesofaditional analysisandisnotarequiredpartofthegeneralpurposefinancialstatementsofthevilageofmoreauvile, Louisiana,Suchinformation,hasbensubjectedtotheauditingproceduresapliedintheauditofthegeneral purposefinancialstatementsand,inouropinion,isfairlypresentedinalmaterialrespectsinrelationtothe generalpurposefinancialstatementstakenasawhole. Kolder,Champagne,Slaven&Compato,LC CertifiedPublicAcountants Marksvile,Louisiana October2,20 (exceptfornote17,astowhichthedateisseptember17,201) 18)Sou,hBeadl~Road [,Ifayetl~.lA?0SO8 Ph0.~(37) Fa~O37)23~-S6C,O )3Ea~,WBdil Mark~vile.l.~.713SI Phone(318) /ax(318)2s D~vidDrive.Built105 MorganCity,[,A70380 Phone(e85} Fax(gs) WColm~Stret VilNPiaueLA70586 Phone(37) Fax(37) wSixlhAvenue Oberlin.LA7065 Phone(37) Fax(37) OgouthF,la~nStrel Abevil~.IA7051I Phole(37) Fax037)89)-'7946

5 GENERALPURPOSEFINANCIALSTATEMENTS (COMBINEDSTATEMENTS-OVERVIEW)

6 M

7 ~D

8 Revenues: Taxes Licensesandpermits Intergovernmental Fines Miscelaneous Totalrevenues VILAGEOFMOREAUVILE,LOUISIANA CombinedStatementofRevenues,Expenditures,andChangesinFundBalances- AlGovernmentalFundTypes YearEndedJune30.20 Expenditures: Curent- Generalgovernment Publicsafety- Police Fire Stretsandsidewalks Recreation Capitaloutlay Debtservice Totalexpenditures Exces(deficiency)ofrevenues overexpenditures Otherfinancingsources(uses): Operatingtransfersin Operatingtransfersout Totalotherfinancingsources(uses) $6,067 21,72 1,703 14,808 97, Special RevenueDebt Service 48,825$-,917 50,742 73,8131,379 50,526 9,13 38,74 7, ,591 6, ,256 13,974 15,353 2,589 2,589 8,78 8,78 Capital Projects $- 18,960 18,960 8,960 8,960 Totals (MemorandumOnly) 2019 $14,892 21,72 20,63 14, , $104,415 2,732 15,763 15, ,192 75,19259,895 50,526 9,13 38,74 7A61 392,525 25,737 59,347 47,678 25,079 27,492 5,891 3, (164,517)35,389(16,189) (145,317)49, ,0 Exces(deficiency)ofrevenuesand othersourcesoverexpenditures andotheruses (132,517) Fundbalances,begining Fundbalances,ending 183,750 (36,431) (36,431) (1,042) , , ,431 (36,431) 17,0 (128,317) ,202 (41,018) 2,184 71, ,341 $51,23$75,726$85,354$ $212,313$340,630 Theacompanyingnotesareanintegralpartofthistatement.

9 Revenues: Taxes Licensesandpermits Intergovcrnmental Fines Miscelaneous Totalrevenues VILAGEOFMOREAUVILE,LOUISIANA CombinedStatementofRevenues,Expenditures,andChangesinFundBalances- Budget(GAPBasis)andAetual GeneralandSpecialRevenueFund YearEndedJune30.20 Expenditures: Curent- Generalgovernment Publicsafety- Police Fire Stretsandsidewalks Recreation Capitaloutlay Debtservie Totalexpenditures Exces(deficiency)of revenuesoverexpenditures Otherfinancingsources(uses): Operatingtransfersin Operatingtransfersout Totalotherfinancingsources (uses) GeneralFund Exces(deficiency)ofrevenues andothersourcesover expendituresandotheruses Fundbalances,begining Fundbalances,ending BudgetActual $62,0 17,70 16,90 15,60 89, $6,067 21,72 1,703 14,808 97, SpecialRevenueFund Variane- Favorable (Unfavorable)Budget $4,067 4,072 (5,287) (792) 7,589 9,649 7,57073,813 3,757 54,170 19,50 46,760 12,050 20,07, ,5269,13 38,747, ,5916, ,256 08,17132,0 08,1732,0 (127,60)(132,517) 183, ,64 10,367 7,986 4,590 30, Variance- Favorable Actual(Unfavorable) $43,0$48,825 2,80 1,917 45, ,250 23,90 25,150 3,974 5,353 $5,825 (83) 4,942 (129) 9, ,25420,65035,38914,739 (4,917) (26,431)(36,431)(10,0) (26,431)(36,431)(10,0) (5,781) 76,768 (I,042)4, $56,150$51,23$(4,917)$70,987$75,726$4,739 Theacompanyingnotesareanintegralpartofthistatement.

10 VILAGEOFMOREAUVILE,LOUISIANA CombinedStatementofRevenues,Expenses,andChangesinRetainedEarnings AlProprietaryFundTypes YearsEndedJune30,20and19 Operatingrevenues: Chargesforservices Operatingexpenses: Gaspurchases Salariesandrelatedbenefits Depreciation Maintenanceandrepairs Suplies Contractualservices Other Totaloperatingexpenses Operatinglos Nonoperatingrevenues(expenses): Interest Other Interestandfiscalcharges Totalnonoperatingrevenues(expenses) Losbeforeoperatingtransfers Operatingtransfersout Netlos Ad:Depreciationonfixedasetsacquiredbygrants, entitlementsandsharedrevenuesexternaly restrictedforcapitalacquisitionandconstruction thatreducescontributedcapital Increase(decrease)inretainedearnings Retainedearnings,begining Relainedearnings,ending Theacompanyingnotesareanintegralpartofthistatement $416,49 134,167 98,082 16,21 30,895 16,757 3, , $414,08 15,8 82,43 108,087 36,672 13,578 4, ,930 (87,373)(25,92) 13,04250 (4,201) 8,891 (78,482) (17,0) 1, (4,351) 7,240 (18,682) (2,184) (95,482)(40,86) ,831 (23,651) 725,329 $701,678 30, ,364 $725,329

11 VILAGEOFMOREAUVILE,LOUISIANA CombinedStatementofCashFlows AlProprietaryFundTypes YearsEndedJune30,20and19 Cashflowsfromoperatingactivities Operatinglos AdjustmentstoreconcileoperatingJos tonetcashprovidedbyoperatingactivities- Depreciation Changesincurentasetsandliabilities: Decreaseinacountsreceivable (Increase)decreaseininventory (Increase)decreaseinprepaidinsurance Increase(decrease)inaecountspayable Increase(decrease)incompensatedabsences Totaladjustments Netcashprovidedbyoperatingactivities Cashflowsfromnoncapitalfinancingactivities: Operatingtransfersoutotherfunds Other Netcashusedbynoncapitalfinancingactivities Cashflowsfromcapitalandrelatedfinancingactivities: Acquisitionofcapitalasets Interestandfiscalchargespaid Principalpaidonbonds Procedsfromgrant Netincreaseinmeterdeposits Netcashusedbycapitalandrelatedfinancingactivities Cashflowsfrominvestingactivities: Netincreaseininvestments Interestreceivedoninterest-bearingdeposits Netcashprovided(used)byinvestingactivities Netdecreaseincashandcashequivalents Cashandcashequivalents,beginingofyear Cashandcashequivalents,endofyear Theacompanyingnotesareanintegralpartofthistatement $(87,373)$(25,92) 16,21108, (3,590) (759) 1, ,981 27,608 (20,039) (9,82) 1,510 2,042 (18) (621) (2,39) 108,491 82,569 (30,968)237 (29,921)(30,731) (252,864) (4,25) (3,0) 18,960 1,392 (10,976) (4,375) (3,o0) 1,543 (69,737)(16,808) 40, ,158 (20,892) 78,57 $57,65 (75,0) 1,693 (63,307) (28,27) 106,834 $78,57

12 VILAGEOFMOREAUVILE,LOUISIANA NotestoFinancialStatements (1) SumaryofSienifieantAcountinePolicies Act.TheVilageoperatesunderaMayor-BoardofAldermenformofgovernmentandprovidesthe folowingservices:publicsafety(policeandfire),highwayandstrets,sanitation,culture-recreation, TheVilageofMoreauvilewasincorporatedin1904undertheprovisionsoftheLawrason publicimprovements,planingandzoning,andgeneraladministrativeservices. aceptedacountingprinciplesasaplicabletogovernments.suchacountingandreporting proceduresalsoconformtotherequirementsoflouisianarevisedstatutes24:517andtotheindustry TheacountingandreportingpoliciesoftheVilageofMoreauvileconformtogeneraly auditguide,auditsofstaleandlocalgovernmentalunits Thefolowingisasumaryofcertainsignificantacountingpolieiesandpractices A.FinancialReDortinoEntity dependentonthevilagexecutiveandlegislativebranches(themayorandboardof Aldermen).ControlbyordependenceontheVilageisdeterminedonthebasisof Thisreportincludesalfundsandacountgroupswhicharecontroledbyor budgetadoption,taxingauthority,authoritytoisuedebt,electionorapointmentof governingbody,andothergeneraloversightresponsibility. governmentalorganization,isnotpartofthevilageandisthusexcludedfromthe acompanyingfinancialstatements.thisorganizationistafedbyvoluntersand Basedontheforegoingcriteria,thevolunterfiredepartment,asa althoughthevilagedoesprovidefacilitiesandsomeofitsfinancing,nocontrolis exercisedoveritsoperations.thesefinancialstatementsincludeonlyexpenditures incuredirectlybythevilageforfireprotectionandoesnotincludeoperating expenditurespaidwithself-generatedfundsofthevolunterfiredepartment. B.FundAcounting groups,eachofwhichisconsideredaseparateacountingentity.theoperationsof TheacountsoftheVilageareorganizedonthebasisofundsandacount eachfundareacountedforwithaseparatesetofself-balancingacountsthat compriseitsasets,liabilities,fundequity,revenues,andexpenditures,orexpenses, asapropriate.governmentresourcesarealocatedtoandacountedforin individualfundsbaseduponthepurposesforwhichtheyaretobespentandthe meansbywhichspendingactivitiesarecontroled.thevariousfundsaregrouped,in thefinancialstatementsinthisreport,intogenericfundtypesandbroadfund categoriesasfolows:

13 VILAGEOFMOREAUVILE,LOUISIANA NotestoFinancialStatements(Continued) GovernmentalFunds GeneralFund acountforalfinancialresourcesexcepthoserequiredtobeacountedforin anotherfund. TheGeneralFundisthegeneraloperatingfundoftheVilage.Itisusedto SpecialRevenueFund usetaxthatislegalyrestrictedtoexpendituresforspecificpurposes. TheSpecialRevenueFundacountsfortheprocedsofa1/2%salesand DebtServiceFund for,andthepaymentof,generalong-termdebtprincipal,interestandrelatedcosts. TheDebtServiceFundisusedtoacountfortheacumulationofresources CapitalProjectsFund TheCapitalProjectsFundusedtoacountfortheprocedsofaLCDBGgrantinthe amountof$18,960fortheconstructionofanewaterwel. ProprietaryFunds- EnterpriseFunds operatedinamanersimilartoprivatebusinesenterprises,wheretheintentofthe governingbodyisthathecosts(expenses,includingdepreciation)ofproviding EnterpriseFundsareusedtoacountforoperations(a)thatarefinancedand godsorservicestothegeneralpubliconacontinuingbasisbefinancedorecovered primarilythroughuserchanges;or(b)wherethegoverningbodyhasdecidedthat periodicdeterminationofrevenuesearned,expensesincured,and/ornetincomeis apropriateforcapitalmaintenance,publicpolicy,managementcontrol, acountability,orotherpurposes.thegasandwatersystemfund,andthesewer C.FixedAsetsandLone-termLiabilities SystemFundcomprisetheVilage'sEnterpriseFunds. termliabilitiesasociatedwithafundaredeterminedbyitsmeasurementfocus.al governmentalfundtypeoperationsareacountedforonaspendingor"financial Theacountingandreportingtreatmentapliedtothefixedasetsandlong- flow"measurementfocusandonlycurentasetsandcurentliabilitiesaregeneraly includedontheirbalanceshets.theireportedfundbalance(netcurentasets)is consideredameasureof"availablespendableresources". 10

14 VILAGEOFMOREAUVILE,LOUISIANA NotestoFinancialStatements(Continued) otherfinancingsources)andereases(expendituresandotherfinancinguses)inet curentasets.acordingly,theyaresaidtopresentasumaryofsourcesanduses Governmentalfundoperatingstatementspresentincreases(revenuesand of"availablespendableresources"duringaperiod. areacountedforinthegeneralfixedasetsacountgroupratherthanin governmentalfunds.publicdomain("infrastructure")generalfixedasetsconsisting Fixedasetsusedingovernmentalfundtypeoperations(generalfixedasets) ofcertainimprovementsotherthanbuildingșincludingroads,bridges,curbsand guters,stretsandsidewalks,drainagesystems,andlightingsystems,havenotben recordedbythevilage,therefore,thepurposeofstewardshipfortheseitemsis satisfiedwithoutrecordingoftheseasets.nodepreciationhasbenprovidedon generalfixedasets. actualhistoricalcostisnotavailable.donatedfixedasetsarevaluedatheir estimatedfairvalueonthedatedonated,atjune30,20alfixedasetswere Alfixedasetsarevaluedathistoricalcostorestimatedhistoricalcostif recordedbaseduponhistoricalcost. acountedforinthegenerallong-termdebtacountgroup,notinthe governmentalfunds. Long-termliabilitiesexpectedtobefinancedfromgovernmentalfundsare measurementofinancialposition.theyarenotinvolvedwithmeasurementof resultsofoperations. Thetwoacountgroupsarenot"funds".Theyareconcemedonlywiththe governmentalfundtypesislimitedtoexcludeamountsrepresentedbynon-curent liabilities.sincetheydonotafectnetcurentasets,suchlong-termamountsarenot Becauseoftheirspendingmeasurementfocus,expenditurerecognitionfor recognizedasgovernmentalfundtypexpendituresorfundliabilities.theyare insteadreportedasliabilitiesinthegenerallong-termdebtacountgroup. maintenance"measurementfocus.thismeansthatalasetsandaliabilities (whethercurentornon-curent)asociatedwiththeiractivityareincludedontheir Alproprietaryfundsareacountedforonacostofservicesor"capital balanceshets.theireportedfundequity(netotalasets)isegregatedinto contributedcapitalandretainedeamingscomponents.proprietaryfundtype operatingstatementspresentincreases(revenues)andecreases(expense)inetotal asets.

15 VILAGEOFMOREAUVILE,LOUISIANA NotestoFinancialStatements(Continued) chargedasanexpenseagainstheiroperations.acumulatedepreciationisreported onproprietaryfundbalanceshets.depreciationhasbenprovidedoverthe Depreciationofalexhaustiblefixedasetsusedbyproprietaryfundsis estimatedusefulivesoftheasetsusingthestraight-linemethod.thestimated usefulivesareasfolows: Water PHmps,motors,compresors System Sewer Linesandothersysteminstalations 10years System Vehiclesandmovablequipment 30-50years 10years 5-8years 30-50years Majorportionsofthesewersystemwerecontributedbyfederalgrants.Thecostof 5-8years thesesystemsdonatedbythefederalgrantsisincludedinpropertyplantand Equipment.DepreciationonthiscostisareductionofContributedCapitalas D.Basis&Acounting amortizationandanincreaseinretainedearnings. arerecognizedintheacountsandreportedinthefinancialstatements.basisof acountingrelatestothetimingofthemeasurementsmade,regardlesofthe Basisofacountingreferstowhenrevenuesandexpendituresorexpenses measurementfocusaplied. acounting.theirevenuesarerecognizedwhentheybecomemeasurableand availableasnetcurentasets.propertytaxesarerecordedasrevenuewhenlevied Algovernmentalfundsareaceountedforusingthemodifiedacrualbasisof eventhoughaportionofthetaxesmaybecolectedinsubsequentyears.penalties andinterest,corporationcourtfinesandmiscelaneousrevenuesarerecorded whenreceivedincashbecausetheyaregeneralynotmeasurableuntilactualy received.salestaxes,franchisetaxes,intergovernmentalrevenue,andinterest Incomeareacrued,whentheireceiptocursonenoughafterthendofthe acountingperiodsoastobebothmeasurableandavailable. acountingwhentherelatedfundliabilityisincured.exceptionstothisgeneralrule include(1)principalandinterestongeneralong-temadebtwhiebisrecognizedwhen Expendituresaregeneralyrecognizedunderthemodifiedacrualbasisof due;and(2)acumulatedunpaidvacationandsickpaywhicharenotacrued. Theirevenuesarerecognizedwhentheyarearned,andtheirexpensesare recognizedwhentheyareincured. Alproprietaryfundsareacountedforusingtheacrualbasisofacounting.

16 VILAGEOFMOREAUVILE,LOUISIANA NotestoFinancialStatements(Continued) E.BudgetsandBudgetaryAcountin~ TheVilagefolowsthefolowingproceduresinestablishingthebudget TheMayormetswiththeCouncilandVilageClerktoreviewthe prioryearevenueandexpendituresasabasisforprojectingthe curentfiscalyearbudget. Anticipatedchangesfromtheprioryeararetakenintoacountand reflectedintheprojections, Onceadoptedthebudgetismadeavailableforpublicinspectionand abudgetsumaryispublishedinthevilage'sdesignatedoficial journal. TheVilagedoesn'tformalyintegrateitsbudgetasamanagement 5 tol. Albudgetaryapropriationslapseathendofeachfiscalyear Budgetsarepreparedforthegeneralfundandspecialrevenuefund utilizingeneralyaceptedacountingprinciples. TheVilagedoesnotformalyadoptabudgetfortheDebtService F.Inventories Fund. timepurchased.inventoriesarestatedatcostusingthefirstin,firstoutmethodof pricing.inventoriesareadjustedatyear-end. Purchasesofvariousoperatingsupliesareregardedasexpendituresathe G.Investments thepurchaseofinvestments,ifany,areamortizedoverthelifeoftheinvestment remainingfromthedateofpurchasetothedateofmaturity.alinvestmentsconsist Investmentsarestatedatcostoramortizedcost.Discountsandpremiumson oftimedeposits. andwatersystemandsewersystemfundsdebtserviceandcontingencies. Theseasetsconsistofcashandshort-terminvestmentsrestrictedforGas 13

17 VILAGEOFMOREAUVILE,LOUISIANA NotestoFinancialStatements(Continued) DefinitionofCashandCashEouivalentsUsedintheStatementofCashFlows funds,cashandcashequivalentsaredefinedasfolows: ForthepurposeoftheStatementofCashFlowspresentedinthenterprise 1 2 Cashandhighlyliquidinvestmentsthatareboth Readilyconvertibletoknownamountsofcash Sonearmaturitythatheypresentinsignificantriskofchangesin AcumulatedUnoaidVacation.Sick-nay.andOtherEmployeBenefits valuebecauseofchangeininterestrates. eachemploye.thenumberofdaysacumulatedperyeardependsuponholidayand wekendtimeworkedbythemployes.thevilageaceruesaliabilityfor Variousdaysofvacationandsickleaveperyearmaybeacumulatedby compensatedabsenceswhichmetsthefolowingcriteria: TheVilage'sobligationrelatingtoemployes'rightstoreceive compensationforfutureabsencesisatributabletoemployes' servicesalreadyrendered. Theobligationrelatestorightsthatvestoracumulate Paymentofthecompensationisprobable Theamountcanbereasonablyestimated. vacationandsickpaywhichasbeneamedbutnotakenbyvilagemployes. InacordancewiththeabovecriteriatheVilagehasaliabilityof$5,076for K.BadDebts asbadebtsthroughthestablishmentofanalowanceacountathetime informationbecomesavailablewhichwouldindicatetheuncolectibilityofthe Uncolectibleamountsdueforcustomers'utilityreceivablesarerecognized particulareceivable. legalysegregatedforaspecificfutureuse. TheVilagerecordsreservestoindicatethataportionofundequityis

18 VILAOEOFMOREAUVILE,LOUISIANA NotestoFinancialStatements(Continued) M.ComparativeData financialstatementsinordertoprovideanunderstandingofehangesinthevilage's Comparativedatafortheprioryearhavebenpresentedintheacompanying eashflowandoperations.however,completeomparativedata(i.e.presentationof prioryeartotalsbyfundtypeineachofthestatements)havenotbenpresentedsince N.TotalColumnsonCombinedStatements-Overview theirinclusionwouldmakethestatementsundulycomplexandificultoread. "MemorandumOnly"toindicatethatheyarepresentedonlytofacilitatefinancial analysis.datainthesecolumnsdonotpresentfinancialposition,resultsof TotalcolumnsontheCombinedStatements-Overviewarecaptioned operations,orchangesinfinancialpositioninconformitywithgeneralyaecepted acountingprinciples.neitherisuchdataeomparabletoaconsolidation.interfund eliminationshavenotbenmadeintheagregationofthisdata. (2) CashandTimeDeosits balancewas$60,013.ofthebankbalance,$240,357wascoveredbyfdicinsuranceand$428,29 waseoveredbyeolateralheldatcomercialnationalbankinshreveport.alfundswere AtJune30,20thebankbalaneoftheVilage'sdepositswas$68,586andthebok eolateralizedandinsured.themarketvalueofeolateralheldwas$742,712.thearyingamount ofthetimedepositsaproximatesmarket. (3)PropertyTaxes areleviedbythevilageinoctober.biledtaxesbecomedelinquentonmarch1ofthefolowing year.revenuesfrompropertytaxesarebudgetedintheyearbiled. PropertytaxesatachasanenforceablelienonpropertyasofJanuary2ofeachyear.Taxes thetaxasesorofavoyelesparish. TheVilagebilsandcolectsitsownpropertytaxesusingtheasesedvaluesdeterminedby valuationstotaling$2,16,70andwerededicatedforgeneralcorporatepurposes. FortheyearendedJune30,20,taxesof4.91milswereleviedonpropertywithasesed Totaltaxesleviedwere$10,393withnouncolectedtaxesatJune30,20 15

19 VILAGEOFMOREAUVILE,LOUISIANA NotestoFinancialStatements(Continued) (4) nterfundreceivables.payables folows:individualfundinterfundreceivablesandpayablesbalancesatjune30,20,wereas Generalfund ReceivablesPayables InterfundInterfund Salestaxfund $1,868 $29,83 Enterprisefunds 1,868 Gasandwatersewer Sewer 29,867 Total $60,580 18,845 18,879 $60,580 (5) ereovementalrevenues Intergovementalreceivablesandrevenuesarecomprisedofthefolowing GeneralFund: ReceivableRevenue Tobacotaxes Grascuting Bertaxes $1,242 2,395 CapitalProjectsFund TotalGeneralFund 1.38 $4,969 4,789 4,975 1,945 1,703 LCDBGgrant Total $4,975 $20,63 18,960

20 (6) VILAGEOFMOREAUVILE,LOUISIANA NotestoFinancialStatements(Continued) RestrictedAsets-PronrietarvFundTrues Restrictedasetsconsistedofcash,short-termtimedepositsandacruedinterestreceivablein thefolowingacountsatjune30,20: CustomerDepositFund RevenueBondFund RevenueBondReserveFund DepreciationandContingencyFund (7)FixedAsets SumaryofchangesinGeneralFixedAsetsfolows: Landandbuildings Otherimprovements Furnishingandequipment Vehicles Gasand Water System $38,825 8,396 $47,21 Sewer System Tota $- 9,934 1,691 15,275 $36,90 Balance 7/1/9AditionsDeletions $173,29 145,90 70, ,582 $54,517 18, ,10 $19,381$30 $38,825 9,934 1,691 23,671 $ Balance 6/30/0 $173,29 145,90 8, ,682 $573,598 Asumaryofchangesinproprietaryfundtypeproperty,plantandequipmentisasfolows Gasandwatersystem Sewersystem TotalLesacumulatedepreciation Balance 7/1/9 AditionsDeletions $1,651,754 2,837,760 4,489,514 (1,608,297) $2,81, $236,964$- 15,90 252,864.(16,21) $136,653$- Balance 6/30/0 $1,8,718 2,853,60 4,742,378 (1,724,508) $

21 (8) VILAGEOFMOILEAUVILE,LOUISIANA NotestoFinancialStatements(Continued) Asumaryofproprietaryfundtypeproperty,plantandequipmentatJune30,20folows Gasdistributionsystem Waterplantandistributionsystem Sewerdistributionsystem Furnitureandfixtures Trucksandotherequipment Waterwelsite Rightsofway Lesacumulatedepreciation ChancesinLone-termDeb 20 Enterprise GasandWaterSewer $415,569$ 1,295,138 2,853,60 15, ,152 10,60 1,041 1,8,718 (738,574) $1,150,14 2,853,60 (985,934) $1,867,726 ThefolowingisasumaryofbondtransactionsoftheVilagefortheyearendedJune30 Bondspayable-June30,19 Bondsretired Bondspayable-June30,20 General Long-term Debt $10,0 (13,0) $97,0 Sewer Revenue Bonds $86,0 (3,0) $83,0 Total $196,0 (16,0) $180,0 BondspayableatJune30,20arecomprisedofthefolowingindividualisues: $249,0,ofpublicimprovementbondsdatedNovember3,1980,dueinanualserial instalmentsof$14,0io$18,0throughmay,205;interestat5percent. $97,0 Thepublicimprovementbondsdescribedabovewereisuedinconectionwiththe constructionofthewastewatercolectionandtreatmentsystem.theseobligationsarenot"general" obligationsbut"special"obligationsofthevilage.the$249,0isueisecuredbyapledgeof salestaxrevenuesofthevilage.

22 VILAGEOFMOREAUVILE,LOUISIANA SewerRevenueBonds: NotestoFinancialStatements(Continued) $120,0ofsewerevenuebondsdatedNovember3,1980,dueinanualserialinstalments of$3,0to$6,0throughmay,2021;interestat5percent $83,0 ]'heanualrequirementstoamortizealdebtoutstandingasofjune30,20,including interestpaymentsof$63,90areasfolows: YearEnding June30, YearEnding June30, GeneralObligationBonds $14,0 15,0 16,0 17,0 17,0 18,0 $97,0 $4,50 3,75 3,0 2,175 1, ,25 RevenueBonds 3,0 3,0 3,0 3,0 3,0 18,0 20,0 24,0 6,0 $83,0 4,075 3,925 3,75 3,625 3,475 14, , $48,675 Thereareanumberoflimitationsandrestrictionscontainedinthevariousbondindentures TheVilageisincompliancewithalsignificantlimitationsandrestrictions. 19

23 VILAGEOFMOREAUVILE,LOUISIANA NotestoFinancialStatements(Continued) A.DedicationofProcedsandFlowofFunds-1%SalesandUseTax (20colections$48,634;19colections$4,179)arededicatedtothefolowing purposes: Procedsofa1%salesandusetaxleviedbytheVilageofMoreauvile Specificaly,fortheretirementofPublicImprovementSalesTax Bondstobeisuedforthepurposeofpayingpartofthecostof constructingsewersandseweragedisposalworks;titletowhichshal 2 beinthepublic. Specificaly,forthepurposeofpayingthecostofconstructing sewersandseweragedisposalworks,andmaintainingandoperating thesame;titletowhichshalbeinthepublic. Generaly,fortheconstructing,re-surfacing,lightingandimproving ofpublicstrets,sidewalksandbridges;constructing,purchasing, improving,maintainingandoperatingrecreationalfacilitiesand equipment;andeonstructing,acquiringorimprovinglands, buildings,anyworkofpermanentpublicimprovement,including equipmentandfurnishingtherefor,titletowhichshalbeinthe Theprocedsofthesalestaxshalbealoeatedasfolows public. Eachmonth,anamountequalto1/6ofthenextmaturinginstalment ofinterestand1/12ofthenextmaturinginstalmentofprincipal shalbedepositedinafundcaledthe"publicimprovementbond 2 Series1980SalesTaxSinkingFund". Eachmonth,anamountequalto10%oftheamountrequiredtobe paidmonthlyintothesinkingfund(per(1)above)shalbesetaside inaseparatefundentitledthe"publicimprovementbondseries 1980SalesTaxReserveFund". Also,eachmonth,fundsof$74shalbetransferedintoaseparate bankacountentitled"depreciationandcontingencyfund".money inthisfundmaybeusedtocarefordepreciation,extensions, aditions,improvementsandreplacementsnecesarytoproperly operatethesewersystem.themoniesmayalsobeusedtopaythe principalandinterestonthebondsiftherearenotsuficientfundsin theotherbondfunds.

24 VILAGEOFMOREAUVILE,LOUISIANA NotestoFinancialStatements(Continued) B.FlowofFunds:RestrictionsonUse-SewerRevenues Therevenuesderivedfromtheseweruserfeshalbealocatedasfolows Eachmonth,anamountequalto1/6ofthenextmaturinginstalment ofinterestand1/12ofthenextmaturinginstalmentofprincipal shalbedepositedintoafundcaledthe"revenuebondandinterest 2 SinkingFund". Eachmonth,anamountequalto5%oftheamountrequiredtobe paidmonthlyintothesinkingfund(per(1)above)shalbesetaside inaseparatefundentitledthe"revenuebondreservefund". Alsoeachmonth,fundsof$74shalbetransferedintoaseparate bankacountentitled"depreciationandcortingeneyfund".money inthisfundmaybeusedtocarefordepreciation,extensions, aditions,improvementsandreplacementsnecesarytoproperly operatethesewersystem.themoniesmayalsobeusedtopaythe principalandinterestonthebondsiftherearenotsuficientfundsin C.FlowofFunds:RestrictionsonUse-UtilitiesRevenues theotherbondfund. RefundingBondsdatedMarch1,1965,alnetrevenuesearnedorderivedfromthe operationsoftheutilitiessystemarepledgedtothepaymentofprincipalandinterest UnderthetermsofthebondindentureonoutstandingUtilitiesRevenue onthebonds.solongasany&thebondsremainoutstanding,alrevenueshalbe depositedinafundknownasthe"publicutilityrevenuefund",andshalbeusedas folows: administration,operations,andmaintenanceofthesystem. OutoftheRevenueFundthereshalbepaidalreasonablexpensesof SinkingFund"anamountconstituting1/12ofthenextmaturinginstalmentof principaland1/6ofthenextmaturinginstalmentofinterestontheoutstanding Eachmonththerewilbesetasideintoafundcaledthe"RevenueBond bonds "PublicUtilityRevenueBondReserveFund"asumatleastequalto20%ofthe amountrequiredtobepaidmonthlyintothebondsinkingfund.paymentsintosaid Ṅext,thereshalbetransferedmonthlyfromtheRevenueFundintoa fundaretocontinueuntilsuchtimeastherehasbenacumulatedthesumof $24,0.Suchamountmaybeusedsolelyforthepurposeofpayingtheprincipalof andinterestonbondswheneverandtothextentnecesarytopreventdefault. arateof$20permonthuntiltheamountof$10,0isondepositinthefond. Fundswilalsobesetasideintoa"DepreciationandContingenciesFund"at

25 VILAGEOFMOREAUVILE,LOUISIANA NotestoFinancialStatements(Continued) aditions,improvements,andreplacementsnecesarytoproperlyoperatethesystem. Moneyinthisfundmayalsobeusedtopayprineipalorinterestonthebondsfaling Moneyinthisfundmaybeusedtocarefordepreciation,extensions, dueatanytimethereisnotsufieientmoneyforpaymentintheotherbondfunds. Thebalanceinthisfundshalneverbereducedbelowaminimumof$3,0. (9)SalesTaxProceds Theprocedsofthe1%salestaxisueisdescribedfulyinNote8above.Theprocedsofthe1/2% salestaxarededicatedtothefolowingpurposes:operating,maintainingandpurchasingofsuplies TheVilagepasedtwosalestaxisuesontheresidents:a1%salestaxanda1/2%salestax. forthepolice,fire,andstretdepartments.the1/2%salestaxisaloeated1/8%police,1/8%fire, and1/4%stret.colectionsfortheyearendedjune30,20and19are$24,180and$2,057, respectively. (lo) SocialSecuritypaiduringthefiscalyearendedJune30,20was$13,704onqualifiedpayrolof $179,135.TheVilagepaysaproximately$50amonthperemployeintoanIndividualRetirement AsofJune30,20alemployesoftheVilagearemembersoftheSocialSecuritySystem. Acount(IRA)oftheirchoice.Therearefive(5)employescoveredforatotaldeductionof$2,718. Ofthe$2,718,$967areincludedintheGeneralFundexpendituresand$1,758isincludedinthe EnterpriseFundexpenses.TheVilagemayterminatethisarangementatanytimeandisnotliable beyondthecontributionsmade.themployehaseontroloverhis/herownplaninvestment. (1)ContingentLiabilities AtJune30,20,theVilagewasnotinvolvedinlitigation (12)AmortizationofContributedCaoita enterprisefundsarebeingamortizedoverperiodsequaltothelivesofasetsacquiredwithsuch Externalcontributionsofcapitalrelatingtotheacquisitionofplantandequipmentforthe contributionsofcapital.amortizationamountedto$18,742and$53,089inthegasandwaterutility FundandtheSewerFund,respectively,duringtheyearendedJune30,20.Duringtheyearended June30,20,theVilageincreasedcontributedcapitalby$18,960intheGasandWaterUtility FunduetoproedsofaLCDBGgrant.

26 (13) (14) VILAGEOFMOREAUVILE,LOUISIANA NotestoFinancialStatements(Continued) ComnensationPaidBoardMembers TheVilagepaidthemayorandaldermenthefolowingperdiem LionelBordelon,Jr OscarGody,Jr. TodCoco EricGormsen SementInformationforEntemriseFunds TermExpires $13,150December31,202 2,40December31,202 2,40December31,202 2,40December31,202 $20,350 TheVilagemaintainstwoenterprisefunds.SegmentinformationfortheyearendedJune30 20folows: Operatingrevenues Depreciation Operatingincome(los) Netincome(los) Curentcapitalcontributions Plant,property&equipmentnetaditions Networkingcapital Totalasets Long-termliabilitiespayablefrom operatingrevenue Totalequity (15)CapitalLeasePayable Gas&Water Water Fund $350,21 53,780 (48,275) (5,563) 18, , ,768 1,434,032 1,364,912 Sewer Sewer Fund Totals $6,238 62,431 (39,098) (39,919) 15,90 106,135 1,979,068 83,0 1,893,861 $416,49 16,21 (87,373) (95,482) 18, , ,903 3,413,10 83,0 3,258,73 TheVilagenteredintoaleasetopurchasea196FordCrownVictoriaPoliceSedanfora termof36monthswithinterestof7.7%andmonthlypaymentsof$651.theleasehasbenpaidof duringthefiscalyearendedjune30,20.thecostoftheautomobileincludedingeneralfixed Asetsis$20,9.

27 VILAGEOFMOREAUVILE.LOUISIANA NotestoFinancialStatements(Continued) waterwel.thevilagespent$18,960fortheconstructionofthewaterweleaving$32,341 TheVilagereceivedagrantintheamountof$21,301fortheconstructionofanew cleared. unutilized.theoficeofcomunitydevelopmentperformedamonitorofthegrantonnovember 30,19andhadsixfindings.PerleterdatedFebruary29,20,fromthefindingswereconsidered (17) SubseouentDiscoveryofLCDBGran anlcdbggrantfortheconstructionofawaterwel.theprojectwastartedandcompletedinthe yearendedjune30,20.asaresult,fixedasetsandcontributedcapitalinthegasandwater SubsequentoisuingthereportdatedOctober2,20,itbecameknownthatheVilagehad Utilityfundincreasedby$18,960.Also,theoriginalreportshouldhaveincludedacapitalprojects fundwithintergovementalrevenueintheamountof$18,960andcapitaloutlayexpendituresinthe amountof$18,960.

28 SUPLEMENTARYINFORMATION

29 SCHEDULEOFINDIVIDUALFUNDS AND ACOUNTGROUPS

30 GENERALFUND Toacountforesourcestraditionalyasociatedwithgovernmentswhicharenotrequiredtobeacounted forinanotherfund. 27

31 VI.LAGEOFMOREAUVILE,LOUISIANA GeneralFund Cash- Demandeposits Timedeposits Receivables- Taxes: Utilityfranchises Advalorem Acruedinterest Other Duefromotherfunds Duefromothergovernmentalunits Prepaidinsurance Totalasets ComparativeBalanceShet June30,20and19 ASETS LIABILITIESANDFUNDBALANCE Liabilities: Acountspayable Contractspayable Retainagepayable Duetotherfunds Totaliabilities Fundbalance: Designated Unreserved,undesignated Totalfundbalance Totaliabilitiesandfundbalance $5, , ,626 16,940 1,868 4, $276,158 20,232 57,374 17, , ,23 $276,158 7,482 16,507 7, ,025 12,984 1,516 4,247 9,345 $20,48 $6,827 29,871 36,698 9, , ,750 $20.48

32 VILAGEOFMOREAUVILE,LOUISIANA GeneralFund StatementofRevenues,Expenditures,andChangesinFundBalauce- Budget(GAPBasis)andActual YearEndedJune30,20 WithComparativeActualAmountsfortheYearEndedJune30,19 Revcues: Taxes Licensesandpemfits Intergovemental Fines Miscelaneous Totalrevenues Expenditures: Curent- Generalgovernment Publicsafety- Police Fire Stretsandsidewalks Recreation- Teniscourls Comunitycenter Capitaloutlay Debtservice Totalexpenditures Exces(deficiency)ofrevenues overexpenditures Otherfinancingsources Operatingtransfersin Exces(deficiency)ofrevenuesand othersourcesoverexpenditures Fundbalance,begining Fundbalance,ending 20 Budget Actual $62,0 17,70 16,90 15,60 89, ,570 54,170 19,50 46,760 4,70 7,350 20,0 7,81 437,861 $6,067 21,72 1,703 14,808 97,389 21,739 73,813 50,526 9,13 38,74 1,965 5,496 9,591 6, ,256 Variance Favorable (Unfavorable) 19 $4,067 4,072 (5,287) (792) 7,589 9,649 3,757 3,64 10,367 7,986 2,735 1,85 30, ,605 $60,236 2,732 15,763 15,851 80, ,273 59,042 47,678 25,079 27, ,137 3,026 7, (235,71)(164,517) 71,254 19, ,171 32,0 (76,171) 42,184 (127,60) 183,750 (132,517) 183,750 (4,917) 61, $56,150$51,23$(4,917)$183,750 29

33 VILAGEOFMOREAUVILE,LOUISIANA StatementofRevenuesComparedtoBudget(GAPBasis) GeneralFund WithComparativeActualAmountsfortheYearEndedJune30,19 YearEndedJune30,20 20 Variance BudgetActual Taxes: Advalorem Salestax $10,0 Franchise Totaltaxes 18,0 34,0 $10,393 (Unfavorable)19 Favorable 18,153 $393 37, $10,264 16,59 62,0 6,067 4,067 60, Licensesandpermits Ocupational 17,70 21,72 4,072 2,732 Intergovemental: Tobacotaxes Bertaxes 5,0 Grascuting 2,50 4,969 Grantproceds 4,790 1,945 (31) 4,969 Totalintergovernmental 4,70 4,789 (5)(1) 2,878 16,90 1,703 (4,70) 4,789 (5,287) ,763 Fines 15,60 14,808 (792) 15,851 Miscelaneous: Casinofunds Interest 71,30 Rental 5,0 Stretlightincome Miscelaneous 4,0 8,0 Totalmiscelaneous 1,50 75,245 10,354 3,945 4,620 5,354 5,13 89, ,037 (2,867) ,917 7,281 5,805 5,032 7,589 80,691 1,656 Totalrevenues $202,090$21,739 $9,649 $195,273 30

34 VILAGEOFMOREAUVILE,LOUISIANA GeneralFund StatementofExpendituresComparedtoBudget(GAPBasis) YearEndedJune30,20 WithComparativeActualAmountsfortheYearEndedJune30,19 Curent: Generalgovernment- Salariesandperdiem Payroltaxes Insurance Oficesupliesandexpenses Legalandotherprofesionalfes Other Benefits Totalgeneralgovernment Publicsafety- Police: Salaries Payroltaxes Automobilexpense Insurance Benefits Suplies Other Totalpolice Fire: Insurance Suplies Propertytax Truckexpenses Totalfire 20 BudgetActual $58,20 4,70 3,40 2,50 2,0 3,170 3,60 7,570 26,250 1,70 4,0 7,0 1,80 6,50 6,920 54, ,50 5,0 50 5,50 19,50 $57,50 3,85 1,878 2,764 1,70 2,05 3,981 73,813 26,70 2,29 6,208 7,027 1,565 2,975 3,752 50,526 3,623 4, ,13 Variance Favorable (Unfavorable)19 $ ,52 (264) 30 1,15 (381) 3,757 (450) (59) (2,208) (27) 235 3,525 3,168 3,64 4,873 (38 5,45 10,367 $4,902 3,358 2,048 2,247 1,840 2,264 2, ,584 1,814 3,902 5, ,092 4,373 47,678 5,617 17,917 1, (continued)

35 VILAGEOFMOREAUVILE,LOUISIANA GeneralFund StatementofExpendituresComparedtoBudget(GAPBasis)(Conlinued) WithComparativeActualAmountsfortheEndedJune30,19 YearEndedJune30,20 20 Budget Actual (Unfavorable)19 Variance Favorable Stretsandsidewalks- Stretlightsandpower Truckandtractorexpenses Stretdrainageandmaintenance Insurance 10,060 35,0 Animalcontrol , , ,36 (927) (286) 9, OtherTotalstretsandsidewalks ,74 1, (90) (1) 16, ,986 (236) 27,492 Recreation- Teniscourts: Materialsandsuplies Utilities Totalteniscourts 4,3040 4,70 1, ,5817 2, Conunitycenter: Materialsandsuplies OtherTotalcomunitycenter Insurance 4~5070 2,20 2, Capitaloutlay: 7,350 2,353 5,496 1,93573(153) 1,85 4, ,137 Generalgovernment Policedepartment Firedepartment 9,0 Stretsandsidewalks 3,0 Comunitycenter 180,0 25,0 Totalcapitaloutlay ,0 189,591 25,0 9,0 3, (9,591) 3,0 3,026 30, Debtservice: Principalretirement Interestandfiscalcharges 7,51 Totaldebtservice 30 6,76 Totalexpenditures 7,81 6, , ,823 $437, $376,256 $61,605 $176,031

36 SPECIALREVENUEFUND ToacountforthereceiptanduseofprocedsoftheVilages'1%salesandusetax.Thesetaxesarc dedicatedtothefolowingpurposes:constructing,re-surfacing,lightingandimprovingofpublicstrets, sidewalksandbridges;constructing,purchasing,improving,maintainingandoperatingrecreationalfacilities andequipment;andconstructing,acquiringorimprovinglands,buildings,andequipmentandfurnishings therefore,titletowhichshalbeinthepublic.toacountforthereceiptanduseofprocedsofthevilage. ToacountforthereceiptanduseofprocedsoftheVilages'1/2%salesandusetax.Thesetaxesarc dedicatedtothefolowingpurposes:operating,maintainingandpurchaseofsupliesforthepolice,fire, andstretsdepartments.the1/2%salestaxisalocated1/8%polie,1/8%fire,and1/4%stret. 3

37 VILAGEOFMOREAUVILE,LOUISIANA ComparativeBalanceShet SpecialRevenueFund June30.20and Cash- ASETS Receivables,netofalowanceforuncolectables- Demandeposits Timedeposits $7,398 75,0 $12,896 Duefromotherfunds Customeracounts Acruedinterest 6, ,0 7, ,0 Totalasets $89,804$90,717 LIABILITIESANDFUNDBALANCE Liabilities: Duetotherfunds Duetothergovernmentalagencies $1,868 Totaliabilities ,210 $8, ,41 Fundbalance: Unreserved,undesignated Totaliabilitiesandfundbalance 75,72676,768 $89,804$90,717

38 VILAGEOFMOREAUVILE,LOUISIANA SpecialRevenueFund StatementofRevenues,Expenditures,andChangesinFundBalance- Budget(GAPBasis)andActual YearEndedJune30,20 WithComparativeActualAmountsfortheYearEndedJune30,19 Revenues: Taxes Interest Totalrevenues Expenditures: Curent- Generalgovernment: Legalandotherprofesionalfes Oficexpenseandother Capitaloutlay Totalexpenditures 20 BudgetActual $43,0 2,80 45, ,90 25,150 $48,825 1,917 50, ,974 15,353 Variance Favorable (Unfavorable)19 $5,825 (83) 4,942 (20)71 9,926 9,797 $4,179 2,292 46, Excesofrevenuesoverexpenditures 20,65035,389 14,739 45,618 Otherfinancinguses: Operatingtransfersout- Publicutility Debtservicefund Generalfund Totalotherfinancinguses Exces(deficiency)ofrevenuesover expendituresandotheruses Fundbalance,begining Fundbalance,ending (21,431) (5,0) (26,431) (5,781) 76,768 (10,0) (21,431) (5,0) (36,431) (1,042) 76,768 (1o,o) (lo,o) 4,739 $70,987$75,726 $4, (21,018) (20,0) (41,018) 4,60 72,168 $76,768

39 DEBTSERVICEFUND Toacumulatemoniesforpaymentofthe1980$249,0PublicImprovementbonds,whichareserialbondsdue inanualinstalments,plusinterest,through206.debtserviceisfinancedbydedicationofthevilages1% salesandusetax. 36

40 VILAGEOFMOREAUVILE,LOUISIANA ComparativeBalanceshet DebtServiceFund June30,20and19 ASETS Cash- Demandeposits LIABILITIESANDFUNDBALANCE Liabilities Fundbalance: Reservedfordebtservice Totaliabilitiesandfundbalance $85,354$80,12 $~ $- 85,354 80,12 $85,354$80,12 37

41 VILAGEOFMOREAUVILE,LOUISIANA DebtServiceFund ComparativeStatementofRevenues,Expenditures,andChangesinFundBalance YearsEndedJune30,20and19 Revenues Interest $2,589$2,48 Expenditures: Debtservice- Principalretirement Interest 13,0 Fiscalcharges Totalexpenditures 5, ,78 12,0 5, Deficiencyofrevenuesoverexpenditures Otherfinancingsources (16,189)(15,75) Operatingtransfersin 21,43121,018 Excesofrevenuesandothersourcesoverexpenditures 5,242 Fundbalance,begining ,849 5,263 Fundbalance,ending $85,354$80,12 38

42 CAPITALPROJECTSFUND ToacountformoniesreceivedthroughaLouisianaComunityDevelopmentBlockGrantProgramforthe constructionofanewaterwel. 39

43 VILAGEOFMOREAUV1LE,LOUISIANA CapitalProjectsFund 198LCDBG ComparativeBalanceshet June30,20and19 ASETS Cash- Demandeposits LIABILITIESANDFUNDBALANCE Liabilities Fundbalance: Unreserved- Designatedforcapitalexpenditures Totaliabilitiesandfundbalance $- $ $- $ $- $

44 VILAGEOFMOREAUVILE,LOUISIANA CapitalProjectsFund 198LCDBG ComparativeStatementofRevenues,Expenditures,andChangesinFundBalance YearsEndedJune30,20and19 Revenues: Intergovernmental- FederalGrant $18,960$ Expenditures: CapitalOutlay 18,960 Excesofrevenuesoverexpenditures Fundbalance,begining Fundbalance,ending $ $ 41

45 ENTERPRISEFUNDS 3"0acountfortheprovisionofgasandwaterservicestotheresidentsoftheVilage.Alactivities necesarytoprovidesuchservicesarcacountedforinthisfund,including,butnotlimitedto, administration,operations,maintenance,financingandrelatedebtservice,bilingandcolections. SewerUtilityFund- ToacountfortheprovisionofsewerservicestotheresidentsoftheVilage.Alactivitiesnecesaryto providesuchservicesareacountedforinthisfund,includingbutnotlimitedto,administration,operations, maintenance,financingandrelatedebtservice,bilingandcolections. 42

46 ASETS Curentasets: Cash-Demandeposits Timedeposits Receivables,netofalowancefor uncolectibleamounts- Customeracounts Acruedinterest hlventory,atcost Duefromotherfunds Prepaidinsurance Totalcurentasets Restrictedasets- Cashandlimedeposits Acruedinterest Totalrestrictedasets VI,LAGEOFMOREAUVILE,LOUISIANA EnterpriseFunds Fixedasets,netofacumulatedepreciation Totalasets CombiningBalanceShet June30.20 Gasand Water Utility $6, ,45 36,741 1,838 21,568 29,8679, ,67 46, ,21 Sewer Utility 1,951 52, ~0 36,90 Totals $8, ,45 36,741 2,624 21,902 48, ,109 83, $32,6 2,45 37,5311,17 18,312 48,686 9, ,36 80, , ,141, ,017,8702,81,217 $1,434,032$1, $3,413,10$3,31,870

47 Gasand Water Utility Sewer Utility 20 Totals 19 Liabilities: LIABILITIESANDFUNDEQUITY Curentliabilities(payablefromcurentasets)- Acountspayable Compensatedabsences Duetotherfunds Totalcurentliabilities(payablefromcurentasets) $14, ,879 1,153$15,484$13,789 3,940 1, ,125 18,879 31, Curentliabilities(payablefromrestrictedasets)- Acruedinterest Revenuebondspayable Customermeterdeposits Totalcurentliabilities(payablefromrestrictedasets , ,180 3, ,180 3,659 38,839 3, ,47 Long-termliabilities- Revenuebondspayable Totaliabilities 69,120 85,207154,32716,574 Fundequity: Contributedcapital,netofacumulatedamortization 812,694 74,401 2,57,095 2,439,967 Retainedearnings- Reservedforevenuebondretirement Unreserved Totalretainedearnings ,218 8,396 16, ,460 3, ,637 60, , ,329 39,458 Totalfundequity Totaliabilitiesandfundequity $1,434,032$1,979,068$3,413,10$3,31,870 1,364,9121,893,8613,258,733,165,296

48 VILAGEOFMOREAUVILE,LOUISIANA CombiningStatementofRevenues,Expenses,andChangesinRetainedEarnings EnterpriseFunds WithComparativeActualAmountsfortheYearEndedJune30,19 YearEndedJune30,20 Gasand Water Utility Sewer Utility 20 Totals 19 Operatingrevenues: Chargesforservices $350,21 $6,238 $ $ Operatingexpenses: Gaspurchases Salariesandrelatedbenefits Depreciation 134,167 83,413 Maintenanceandrepairs 53,780 Suplies 21,710 14,69 Contractualservices 16,498 62, ,167 98,082 OtherTotaloperatingexpenses 2,203 9, ,21 30, ,715 1,71 16, ,087 15,8 82,43 36, ,36 17,081 3,914 13, , ,930 4,353 78,919 Operatinglos (48,275)(39,098)(87,373)(25,92) Nonoperatingrevenues(expenses): Interest Other Interestandfiscalcharges 9,6250 Totalnonoperatingrevenues(expenses) (4,201) 3,380 13,0425O (4,201) 1, Losbeforeoperatingtransfers 9,712 (821)8,891 (4,351) 7,240 Operatiugtransfersout (38,563)(39,919) Netlos (17,0) (78,482) (17,o0) 08,682) (2,184) Ad:Depreciationonfixedasetsacquiredbygrants, (5,563)(39,919)(95,482)(40,86) entitlementsandsharedrevenuesexternaly restrictedforcapitalacquisitionandconstruction thatreducescontributedcapital 18,74253,089 71,83171,831 Retainedearnings,begining Increase(decrease)inretainedearnings (36,821) 589,039 Retainedearnings,ending $52,218 13, $ (23,651) 725, $701,678 $725,329 30,965 45

49 VILAGEOFMOREAUVILE,LOUISIANA CombiningSlatemeulofCashFlows EnterpriseFunds WithComparativeActualAmountsfortheYearEndedJune30,19 YearEndedJune30,20 Gasand Water Cashflowsfromoperatingactivities Fund Sewer Utility 20 Totals 19 Operatinglos Adjustmentstoreconcileoperatingincome(los) $(48,275)$(39,098)$(87,373)$(25,92) tonetcashprovidedbyoperatingactivities- Changesincurentasetsandliabilities: Depreciation Decreaseinacountsreceivable 53,780 (Increase)decreaseininventory ,431 16,21 (Increase)decreaseinprepaidinsurance Increase(decrease)inacountspayable (4,082) Increase(decrease)incompensatedabsences (1,o1) ,087 3,315 Totaladjustments 53, (1,62o) (3,590) 150 (759) 2,042 1,510 14,981 1, (18) (2,39) (621) Cashflowsfromuoncapitalfinancingactivities Netcashprovidedbyoperatingactivities 5,01 2,607 27,608 82,569 Operatingtransfersoutotherfunds Other (17,0)(3,039) (9,82) (20,039) Netcashusedbynoncapitalfinancingactivities(26,82)(3,039)(29,921)(30,731) (9,82)(30,968)237 Cashflowsfromcapitalandrelatedfinancingactivities Aequisitionofcapitalasets Interestandfiscalchargespaid Principalpaidonbonds (236,964) Procedsfromgrant Netincreaseinmeterdeposits 18,960 Netcashusedbycapitalandrelatedfinancing 1,392 (15,90) (4,25) (3,0) (252,864) 18,960 (4,25) (3,0) 1,392 (10,976) (4,375) (3,0) 1,543 Cashflowsfrominvestingactivities: activities (46,612)(23,125)(69,737)(16,808) Netincreaseininvestments lnleres!receivedoninlerest-bearingdeposits 45,0 Netcashprovided(used)byinvestingactivities Netdecreaseincashandcash (5,0) 2,682 (2,318)51,158(63,307) 40,0 1,158(75,0) 1,693 Cashandcashequivalents,beginingofyear equivalents 05,o17) Cashandcashequivalents,endofyear $18, (5,875) $ ,726 $57.65 (20,892) 78,57 $78.57 (28,27)

50 VILAGEOFMOREAUV1LE,LOUISIANA EnterpriseFund GasandWaterUtilityFund ComparativeBalanceShet June30,20and19 ASETS Curentasets: Cash- Demandeposits Timedeposits Receivables- Customeracounts,lesalowanceforuncolectible amountsof$2,10 Acruedinterest Inventory,atcost Duefromotherfunds Prepaidinsurance Totalcurentasets Restrictedasets: Depreciationandcontingencies Timedeposits Acruedinterest Customermeterdeposits: Cash Timedeposits Acruedinterest Totalrestrictedasets Fixedasets: Plantandequipment Les:acumulatedepreciation Netfixedasets Totalasets $6, ,45 36,741 1,838 21,568 29,867 9, ,67 8, ,418 26, ,8,718 (738,574) 1,150,14 $1,434,032 $2, ,531 1,029 17,486 29,871 8, ,969 8, ,025 26, ,651,754 (684,794) $1,305,380