SEWERAGEDISTRICTNO.ZOFRAPIDESPARISH RAPIDESPARISHPOLICE3URY Alexandria,Louisiana. NthSuplementalInformationSchedule

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1 OFICIAt. FiLECOPY Underprovisionsofstatelaw,this reportisapublicdocument.a copyoflherel,)or~hasbensubmittedtotileaudited,oreviewed, entityandotherapropriatepublic olficials.thereportisavailablefor publicinspectionathebaton RougeoficeoftheLegislativeAuditorand,where~propriate,atile oficeoftheparishclerkofcourt, ReleaseDateAU~26198 tel]l ~l~ lhl (;~ ; ;9)1 1~1 l~e[ibiew.way LEC!,~,f,.-~:,.,.!,r~10R r-p/~ 90JlL?l~2i10:01 $#3~- SEWERAGEDISTRICTNO.ZOFRAPIDESPARISH RAPIDESPARISHPOLICE3URY Alexandria,Louisiana AsofandfortheYearEndedDecember31,197 WithIndependentAuditor'sReports FinancialStatements NthSuplementalInformationSchedule

2 SEWERAGEDISTRICTNO.2OFRAPIDESPARISH RAPIDESPARISHPOLICE3URY Alexandria,Louisiana AsofandfortheYearEndedDecember31,197 WithIndependentAuditor'sReports FinancialStatements WithSuplementalInformationSchedule CONTENTS IndependentAuditor'sReport StatementP~qeNo. FinancialStatements-ProprietaryFundType- EnterpriseFund: BalanceShet,December31,197- StatementofRevenues,Expenses,and AlFundTypesandAcountGroups A 3 StatementofCashFlows Changesi~Retai~edEarnings B NotestotheFinancialStatements C SuplementalInformationSchedule-Schedule Schedule P_PaqeNo. ReportonComplianceandonInternalControl ofcompensationpaidboardmembers 1 overfinancialreportingbasedonanauditof withgovernmentauditingstandards FinancialStatementsPerformedinAcordance

3 A]exandria,LA TeraAvenue Fax:318/ / INDEPENDENTAUDITOR'SREPORT BOARDOFCOMISIONERS SEWERAGEDISTRICTNO.ZOFRAPIDESPARISH RAPIDESPARISHPOLICEJURY Alexandria,Louisiana haveauditedtheacompanyingfinancialstatementsofseweragedistrictno.2of pidesparish,acomponentunitoftherapidesparishpolicejury,asofandforthe arendeddecember31,197,aslistedintheforegoingtableofcontents.these nancialstatementsaretheresponsibilityofmanagementofthedistrict.my sponsibilityistoexpresanopiniononthesefinancialstatementsbasedonmyaudit. neralyaceptedgovernmentalauditingstandardscontainedingovernmentauditing ondords,isuedbythecomptrolergeneraloftheunitedstates.thosestandards conductedmyauditinacordancewithgeneralyaceptedauditingstandardsand quirethatiplanandperformtheauditobtainreasonableasuranceaboutwhether efinancialstatementsarefreofmaterialmistatement.anauditincludes amining,onatestbasis,evidencesuportingtheamountsandisclosuresinthe nancialstatements.anauditalsoincludesasesingtheacountingprinciplesused dsignificantestimatesmadebymanagement,aswelasevaluatingtheoveral nancialstatementpresentation.ibelievethatmyauditprovidesareasonablebasis rmyopinion. terialrespects,thefinancialpositionofseweragedistrictno.2ofrapidesparish myopinion,thefinancialstatementsreferedtoabovepresentfairly,inal ded,inconformitywithgeneralyaceptedacountingprinciples. December31,197,andtheresultsofoperationsandcashflowsfortheyearthen

4 SEWERAGEDISTRICTNO.2OFRAPIDESPARISH RAPIDESPARISHPOLICE3URY Alexandria,Louisiana Auditor'sReport(Continued) Myauditwasmadeforthepurposeoforminganopiniononthefinancialstatements. Theacompanyingsuplementalinformationschedulelistedinthetableofcontentsis presentedforthepurposeofaditionalanalysisandisnotarequiredpartofthe financialstatementsofseweragedistrictno.2ofrapidesparish.suchinformation hasbensubjectedtotheproceduresapliedintheauditofthefinancialstatements and,inmyopinion,isfairlystatedinalmaterialrespectsinrelationtothe financialstatementstakenasawhole. HerbieW.Way Alexandria,Louisiana July13,198

5 SEWERAGEDISTRICTNO.2OF RAPIDESPARISHPOLICEJURY Alexandria,Louisiana ALFUNDTYPESANDACOUNT BalanceShet,December31,197 RAPIDESPARISH GROUPS ASETS TOTALASETS L]ABILIT]ESANDFUNDEQUITY Liabilities-deferedrevenues FundEquity: Contributedcapital Retainedearnings TotalFundEquity TOTALIABILITIES ANDFUNDEQUITY StatementA $97, ,BD6 4,518 =~=~=.= $494,075 $3,391 38,2 ]02, ,684 $494,075 Theacompanyingnotesareanintegralpartofthistatement

6 SEWERAGEDISTRICTNO. Alexandria,Louisiana PROPRIETARYFUNDTYPE RAPIDESPARISHPOLICE 2OFRAPIDESPARISH JURY StatementofRevenues,Expenses -ENTERPRISEFUND FortheYearsEndedDecember31 andchangesinretainedearnings 197 OPERAT]NGREVENUES Sewerageserviceandtapfes OPERATINGEXPENSES Publicworks-sanitation-seweragecolection andisposal= Curent: Personalservice-perdiem Operatingservices Materialandsuplies Depreciation Totaloperatingexpenses OPERATINGINCOME NONOPERATINGREVENUES lnterestearnings NETINCOME ADEPRECIATIONOFIXEDASETS ACQUIREDWITHCONTRIBUTEDCAPITAL INCREASEINRETAINEDEARNINGS RETAINEDEARNINGSATBEGININGOFYEAR RETAINEDEARNINGSATENDOFYEAR Theacompanyingnotesareanintegralpartofthistatement StatementB $167, ,890 3,462 1,59 5,061 21,2 26,283 76,179 $102,462

7 SEWERAGEDISTRICTNO. RAP]DESPARISHPOLICE Alexandria,Louisiana PROPRIETARYFUNDTYPE 2OFRAPIDESPARISH JURY StatementofCashFlows FortheYearsEndedDecember31,197 ĒNTERPRISEFUND Cashflowsfromoperatingactivities: Cashfromoperatingrevenues Cashforoperatingexpenses Cashflowsfrominvestingactivities-interestearnings Netcashprovided(required)byoperatingactivities Netincrease(decrease)incashandequivalents Cashandequivalentsatbeginingofyear Cashandequivalentsatendofyear Reconciliationofoperatingincome(los)tonetcash provided(required)byoperatingactivities Operatingincome(los) operatingincome(los)to )byoperatingactivities: liabilities: inacountsreceivable Totaladjustments indeferedrevenues Netcashprovided(used)byoperatingactivities Theacompanyingnotesareanintegralpartofthistatement StatementC $164, ,72 23,101 24,70~ 1,5g 73,051 $g7,751 =~ $3,46z (1,182 2,18 (I,297 19,639 $23,101 =

8 SEWERAGEDISTRICTNO.2OFRAPIDESPARISH RAPIDESPARISHPOLICE3URY NotestotheFinancialStatements Alexandria,Louisiana INTRODUCTION AsofandfortheYearEndedDecember31,197 SewerageDistrictNo.2ofRapidesParishwascreatedbytheRapidesParishPoliceJury undertheauthorityoflouisianarevisedstatutes3:381.theseweragedistrictis governedbyathre-memberboardapointedbythepolicejury,theseweragedistrict maintainsandoperatestheseweragesystemwithintheboundariesofthedistrict.at December31,]97,thedistricthasaproximately87customers, i.sumaryofsignificantacountingpolicies A.REPORTINGENTITY overnmentalacountingstandardsboardstatementno.14establishedcriteriafor eterminingwhichcomponentunitshouldbeconsideredpartoftherapidesparish olicejuryforfinancialreportingpurposes.thebasicriterionforincluding potentialcomponentunitwithinthereportingentityisfinancialacountability. hegasbhasetforthcriteriatobeconsideredindeterminingfinancial countability.thesecriteriainclude: ].Apointingavotingmajorityofanorganization'sgoverningbody,and a.theabilityofthepolicejurytoimposeitswilonthat b.thepotentialfortheorganizationtoprovidespecificfinancial organizationand/or benefitstorimposespecificfinancialburdensonthepolice 2.Organizationsforwhichthepolicejurydoesnotapointavoting jury. 3.Organizationsforwhichthereportingentityfinancialstatementswould majoritybutarefiscalydependentonthepolicejury. bemisleadingifdataoftheorganizationisnotincludedbecauseofthe natureorsignificanceoftherelationship.

9 SEWERAGEDISTRICTNO.2OFRAPIDESPARISH RAPIDESPARISHPOLICE3URY Alexandria,Louisiana NotestotheFinancialStatements(Continued) Becausethepolicejuryhastheabilitytoimposeitswilonthedistrictand therexiststhepotentialforthedistrictoprovidespecificfinancialbenefits torimposespecificfinancialburdensonthepolicejury,thedistrictwas determinedtobeacomponentunitoftherapidesparishpolicejury,thefinancial reportingentity.theacompanyingfinancialstatementspresentinformationonly onthefundsmaintainedbythedistrictandonotpresentinformationonthe policejury,thegeneralgovernmentserviceprovidedbythatgovernmentalunit, orothergovernmentalunitsthatcomprisethefinancialreportingentity. H.FUNDACOUNTING Thedistrictisorpanizedandoperatedonafundbasiswherebyaself-balancing setofacounts(enterprisefund)ismaintainedthatcomprisesitsasets, liabilities,fundequity,revenues,andexpenses.theoperationsarefinancedand operatedinamanersimilartoaprivatebusinesenterprise,wheretheintent ofthegoverningbodyisthathecost(expenses,includingdepreciation)of providingservicesoncontinuingbasisbefinancedorecoveredprimarilythrough usercharges. C.BASISOFACOUNTING Theacountingandfinancialreportingtreatmentapliedtoafundisdetermined byitsmeasurementfocus.theenterprisefundisacountedforonaflowof economicresourcesmeasurementfocusandadeterminationofnetincomeandcapital maintenance.withthismeasurementfocus,alasetsandaliabilities asociatedwiththeoperationofthefundareincludedonthebalanceshet.the EnterpriseFundusestheacrualbasisofacounting.Revenuesarerecognizedwhen earnedandexpensesarerecognizedathetimetheliabilityisincured. D.CASHANDCASHEQUIVALENTS Cashincludesamountsindemandepositacounts.Cashequivalentsincludeamounts intimedeposits.understatelaw,thedistrictmaydepositfundsindemand deposits,interestbearingdemandeposits,moneymarketacountsortimedeposits withfiscalagentbanksorganizedunderthelawsofthestateoflouisianand nationalbankshavingtheirprincipaloficesinlouisiana. E.FIXEDASETSANDLONG-TERMLIABILITIES Fixedasetsandacumulatedepreciationofthedistrictareincludedonthe balanceshetofthefund.depreciationofalexhaustiblefixedasetsare chargedasanexpenseagainstoperations.depreciationiscomputedusingthe straight-linemethodoverthestimatedusefulifeofthesystemof45years. Fixedasetspurchasedbythedistrictarerecordedathistoricalcostandonated fixedasetsarevaluedathestimatedfairmarketvalueathetimeofdonation. Theseweragedistricthasnolong-termliabilities.

10 SEWERAGEDISTEICTRO.ZOFRAPIUESPARISH RAPIDESPARISHPOLICE3URY Alexandria,Louisiana NotestotheFinancialStatements(Continued) F.FUNDEQUITY-CONTRIBUTEDCAPITAL Contri andis relate 2,CASHANDEQUIVALENTS AtDecember31,197,thedistricthascashandcashequivalents(bokbalances)as folows: Petycash Demandeposits Timeandcertificatesofdeposit 51,451 $25 lotal $97,751 46,275 urance ofthe these amount edging oboth er31, 3.FIXEDASETS AsumaryofixedasetsandrelatedepreciationatDecember31,197,folows Sewersystem $959,479 Cost Depreciation Acumulated $545,56 $413,923 Net

11 SEWERAGEDISTRICTNO.2OFRAPIDZSPARISH RAPIDESPARISHPOLICE3URY Alexandria,Louisiana NotestotheFinancialStatements(Continued) 4.CONTRIBUTEDCAPITAL Asumaryofchanges,andthefectsofthechanges,incontributedcapitalfolows Contributedcapital.December31,196 Acumulatedamortization,December31,ig6 $g5,0 AmortizationforIg7 545,56 Acumulatedamortization,December31,Ig7 21,2 Netcontributedcapital,December31,197 $38,2 56,78 5.RISKMANAGEMENT Thedistrictisexposedtovariousrisksrelatedtotorts,theftof,damageto,and destructionofasets;erorsandomisions;andnaturaldisasters. Thedistrict,duringtheyearendedDecember31,197,obtainedcomercialinsurance fortheaforementionedrisksandsetledclaimsresultingfromtheseriskshavenot excededcomercialinsurancecoverage.

12 SEWERAGEDISTRICTNO.2OFRAPIDESPARISH RAPIDESPARISHPOLICEJURY FortheYearEndedDecember31,197 SUPLEMENTALINFORMATIONSCHEDULE Alexandria,Louisiana PERDIEMPAIDBOARDMEMBERS lhescheduleofperdiempaidtoboardmembersispresentedincompliancewithhouse ConcurentResolutionNo.54ofthe1979SesionoftheLouisianaLegislature. amaximumperdiemof$60foreachboardmetingtheyatend,notoexced24regular and12specialmetingsperyear. InacordancewithLouisianaRevisedStatute3:387,eachboardmemberistoreceive 10

13 SEWERAGEDISTRICTNO. RAPIDESPARISH ScheduleofPerDiem Alexandria, FortheYearEnded 2OFRAPIDESPARISH ScheduleI POLICEJURY Louisiana December31,197 PaidBoardMembers VorhiesP.Gauthier B.FrankKilen Number Amount JohnC.Miler,Jr. Total $1,40 ],40 $4,

14 IndependentAuditor'sReportsRequired bygovernmentauditingstandards

15 CtIPIUI~IDUBICACOUNTx~Wl WIEu~nW.WAy Alexandria,LA TeraAvenue Fax:318/ / REPORTONCOMPLIANCEANDONINTERNALCONTROLOVERFINANCIALREPORTING BASEDONANAUDITOFINANCIALSTATEMENTSPERFORMEDINACORDANCEWITH GOVERNMENTAUDITINGSTANDARDS BOARDOFCOMISIONERS SEWERAGEDISTRICTNO.2OFRAPIDESPARISH RAPIDESPARISHPOLICEJURY Alexandria,Louisiana ]haveauditedthefinancialstatementsoftheseweragedistrictno.2ofrapides Parish,acomponentunitoftheRapidesParishPoliceJury,asofandfortheyearended December31,197,andhaveisuedmyreporthereondatedJuly13,198.Iconducted myauditinacordancewithgeneralyaceptedauditingstandardsandthestandards aplicabletofinancialauditscontainedingovernmentauditingstndords,isuedby thecomptrolergeneraloftheunitedstates. Complince Aspartofobtainingreasonableasuranceaboutwhetherthefinancialstatementsare Treofmaterialmistatement,Iperformedtestsofitscompliancewithcertain provisionsoflaws,regulations,contractsandgrants,noncompliancewithwhichcould haveadirectandmaterialefectonthedeterminationofinancialstatementamounts. However,providinganopiniononcompliancewiththoseprovisionswasnotanobjective ofmyauditand,acordingly,idonotexpresuchanopinion.theresultsofmytests disclosednoinstancesofnoncompliancethatarerequiredtobereportedunder GovernmentAuditingStondords. However,Louisianalawrequirestheauditreportobeisuedwithinsixmonthsofthe closeofthentity'sfiscalyear,butduetotheworkloadofthefirm,]wasunable toisuethereportwithinthesix-monthperiod. InternolControlOverFinciolReporting 13

16 SEWERAGEDISTRICTNO.2OFRAPIDESPARISH RAPIDESPARISHPOLICEJURY Alexandria,Louisiana ComplianceandInternalControlReport (Continued) PriorAuditFindings TheauditfortheyearendedDecember31,196,disclosednoinstancesofnoncompliance thatwererequiredtobereportedundergovernmentauditingstandardsormaters involvingtheinternalcontroloverfinancialreportinganditsoperationthatwere consideredtobematerialweakneses. ThisreportisintendedfortheinformationoftheSewerageDistrictNo.2ofRapides Parish.However,thisreportisamaterofpublicrecordanditsdistributionisnot limited..bv,.blew.way HerbieW.Way Alexandria,Louisiana July13,198