FIRE PRO TECTIO N D ISTRICT N O.4 O F TH E PARISH O F PO INTE CO U PEE,LO U ISIANA

Transcription

1 e r FIRE PRO TECTIO N D ISTRICT N O.4 O F TH E PARISH O F PO INTE CO U PEE,LO U ISIANA AN N UAL FINAN CIAL REPO RT FO R TH E YEAR END ED D ECEM BER 31,2000 A CO M PO N EN T U N IT O F TH E POINTE COUPEE PARISH POLICE JURY Underprovisions r;fr~:!~ ':~w,thi.,rcp~,:tis a public" docurneilt.a copy c.i",,~ :~'.:[!:h :':~" ; ':;nlittedto the entity and o",-he',a~l~i'c!:~,i:g. ~ ':!:Hs.The reportis available forpu':-;ic M ::I: :i: i~baton Rouge office ofthe [(,gislal;ve w here appropriate,atthe oil ofcourt. Release Date

2 FIRE PRO TECTIO N D ISTRICT N O.4 O F TH E PA RISH O F PO IN TE C O U PEE,LO U ISIAN A G O VERN IN G BO ARD Chairm an Philip Pizzolato Tim m y llebert KurtJarreau Charles Landry G lenn Ray M eche LIVO N IA STATIO N P.O.BO X 475 LIVO N IA,LO UISIANA Fire Chief-D ale Bergeron FO RD O CH E STATIO N P.O.BOX 126 FO RD O CH E,LO UISIANA Fire Chief-ClevisCorm ier M EETIN G DATE Third Tuesday of Every M onth

3 TAB LE O F C O N TEN TS Note Pagc IndepcndentAuditor's Reporton the FinancialStatem ents 1 G eneralpurpose FinancialStatem ents - Com bined Balance Sheet-G overnm entalfund Type and AccountG roups Statem entof Revenues,Expenditures,and Changes in Fund Balance -Budgetand Actual(GAAP Basis)-GovernmentalFund Type -GeneralFund Notesto tile FinancialStatem ents Introduction Sum m ary of SignificantAccounting Policies- Basis of Presentation Reporting Entity Fund Accounting BasisofAccounting BudgetPractices Encum brances Cash and Cash F,quivalcnts Bad D ebts Inventories Fixed Assets Com pensated Absences Long.Term O bligations l*un(iequity Com parative D ata TotalColum nson Com bined Statem ents-o verview Cash Ad Valorem Taxes D ue to O ther G overnm entu nits Changes in Fixed Assets Changes in G enerallong-term O bligations Lease Conln/itnlents Pension Plan and Retirem entcom m itm ents ContingentLiabilities Com pensation Paid to Board M em bers FederalFinancialAssistance Supplem entalinform ation - Taxable Property Valuations O therreports Required by G overnm entauditing Standards - IndependentAuditor'sReporton Com pliance and on InternalControlO verfinancial Reporting Based on an AuditofFinancialStatem ents Perform ed in Accordance w ith G overnm enta uditing Standards Schedule of Findings

4 CERTIFIED PUBLIC ACCO UNTANT (A ProfessionalCorporation) Practice Lim ited to Govern m entalaccounting,auditing and FinancialReporting Phone ol:vlc~(225) vax (225) DmalgfdcpaL~ 'ah~.~ m Ofice 7663/,NCIlOt DRIVE VIiNTRESS, IA 70783al120 M em ber AMERICAN INSTfl~rfl!OF CPA~ LOUISIANA soclray ov cp&s GOVERNMENT FINANCE OFFICI{RS ASSOCIATION IN D EPEN D EN T AU D ITO R'S REPO RT O N TH E FINAN CIAL STATEM EN TS Board of Com m issioners Fire Protection D istrictn o.4 of tile Parish of Pointe C oupee,louisiana 1have audited the accom panying generalpurpose financialstatem ents of the FIRE PRO TECTIO N DISTRICT NO.4 OF THE PARISH OF POINTE COUPEE,LOUISIANA (the "District"),a com ponent unitofthe Pointe Coupce Parish Police Jury,asofand forthe yearended Decem ber31,2000,as listed in the Table of C ontents.these generalpurpose financialstatem ents are the responsibility of the Board of Com m issioners.m y responsibility is to express an opinion on these generalpurpose financialstatem ents based on m y audit. Iconducted m y auditin accordance w ith auditing standardsand the standards generally accepted in the U nited States ofam erica applicable to financialaudits contained in G overnm entauditing Standards,issued by the Com ptroller G eneralofthe U nited States;and w ith provisions ofl.ouisiana Revised Statute 24:513 and the provisionsofthelouisiana G overnm entalauditg uide,published jointly by the Society oflouisiana Certified Public Accountantsand the Ix~uisiana Legislative Auditor. Those standardsrequire thatiplan and perform the auditto obtain reasonable assurance about w hether the generalpurpose financialstatem ents are free of m aterialm isstatem ent.an auditincludes exam ining,on a tcstbasis,evidence supporting the am ounts and disclosures in the generalpuq~ose financialstatem ents.an auditalso includes assessing the accounting principles used and significant estim ates m ade by m anagem ent,as w ellas evaluating the overallgeneralpu rpoge financialstatem ent prcscotalion. Ibelieve thatm y auditprovides a reasonable basis for m y opinion. In m y opinion,the generalpuq~ose financialstatem ents referred to above presentfairly,in allm aterial respects,the financialposition of the D istrictas of D ecem ber 31,2000,and the results of its operations for the year then ended in conform ity w ith accounting principlesgenerally accepted in the U nited States of Am erica. In accordancc w ith Goverm nentauditing Standards,Ihave also issued m y reportdated Septem ber 25,2001,on m y consideration ofthe D istrict's internalcontrolover financialreporting and m y tests of its com pliance w ith certain provisions of law s,regulations,contracts and grants.thaireport is an integralpartof an auditperform ed in accordance w ith Governm enta uditing Standards and should be read in conjunction w ith thisreportin considering the resultsof nay audit. Septem ber 25,2001

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6 FIRE PROTECTION DISTRICT NO.4 OF THE parish O F PO INTE CO UPEE,LO UISIANA CO M BIN ED BALAN CE SH EET G OVERNMENTAL FUND TYPE AND ACCO UNT GRO UPS DECEM BER 31,2000 (W ith Comparative TotalsforDecember31,1999) ASSISTS Cash Receivables- Ad valorem Revenue sharing Property,plant,and equipm en Vehicles Iqre fighting equipm ent/tools Fire hydrantsand w aterline upgrades M ed icalequipm ent Radiosand paging equipm ent O flice ftlrn0ure and equipm ent Building and Im provem ents Land Am ountto be provided from - ExcessGeneralFund revenues TOTAL ASSETS G overn - m ental nd General Fund $ 255, ,813 2,518 AecountGroups General General Fixed LongTerm Kssets Debt _$ 147,520 Totals (M em orandum Only' $ $ , , ,022 37, ~595 29, , , ,452 2, ,808 21,665 18, ) ,396 10,500 $ 502~599 $ 1,309,823 = $ 147,520 $ 1,959,942._$ 15~46820 LIABILFI'IES AND FUND EQIlFIY.iabilities: Accounlspayable Am ountdue retirem entsystem I)kle to otbergovernm entalunits- Fire District#2 ofpointe COul~'C Capitalleases $ 4,737 9, _$ 147,520 $ 4,737 $ 9, ,516 9, ,093 19~ 206 _ Fund Equity: Investm entin generalfixed assets Fund balances~ Unreserved -undesignated $ 1.309, ,823 1,056, r026 _ 471, ~026 1,309,823 1,797, ~ 614 TOTAl,I,IABII,FI'IESAND FUND EQUITY $ 502,599 $ 1,309,823 ~t; 147,520 $ 1,959t942 ~ 1~54~820 The accom panying notesare an integralpartofd0sstatem ent.

7 FIRE PRO TECTIO N D ISTRICT NO.4 O F TH E PARISH O F PO INTE CO UPEE,LO UISIANA STATEM ENT O F REVENUES,EXPENDITURES,AN D CHAN G ES IN FUND BALANCE BUD GET AND ACTUAL (GAAP BASIS) G O VERN ME NTAL FUN D TYPE -G EN ERAL FUN D FO R TH E YEAR ENDED DECEM BER 31,2000 (W ith Comparative TotalsforDecember31,1999) Revenues: Taxes- Ad valorem 2000 Actual $ 240~000 $ 242,614 Variance Favorable (Unfavorable) $ 2~614 Actual $ 242,974 Intergnvernm entalrevenues. State fire insurance rebate State revenue sharing 8,000 7,500 8,310 _ fp , Totallm ergovcrnm entalrevenues 15~500 ~6~ M iscellaneousrevenues- Interestearned Chargesforservices 6,000 8, , ,750 30,335 TotalIntergovernm entalrevenues TotalRevenues 261, ,408 5, ~569 Expenditures: C urrento perations - G eneralg overnm ent- Adm inistrative labor l'rofessionalfees Tax collectorfees 3,600 3,000 9,500 3,600 3,702 9,578 (702) (78) 3,600 3,166 9,432 TotalG eneralg overnm ent 16~ (780L 16,198 Public Safety - Vohlnteers Vehicle m aintenance I~quipm entm aintenance Radio and pagerm aintenance Building m aintenance Ttlrrloutgearand uniform s M edicalsupplies Suppliesand sm alltools Supplies,postage and printing Telephone Utilities lnstlrance Training and fire prevention Allothers 4,000 35,000 15,000 2,000 7,000 5,0O0 4,000 1,000 3,000 3,000 2,000 25,000 10, ,000 26,875 19,348 4,461 7,952 2,267 5, ,670 3,003 1,695 25,217 14, ,125 (4,348) (2,461) (952) 2,733 (1,652) (3) 305 (217) (4,796) 109 2,000 34,322 8, ,842 3, ,581 3,267 1,668 22,453 9,082 3,906 oralpublic Safety 117, ,922 (1,922 ~ _ 99,554 TotalCurrentOperating Expenditures 133t ,802, (2,702). 115,752

8 CapitalO utlays- Land Buildings Fire fighting equipm entand tools Fire hydrantsand w aterlile upgrades Vehicles Radiosand paging equipm ent M edicalequipm ent Furniture,fixtures,& equipm ent Budget 10,000 15,000 15, , ~000 I0,000 11,214 15, ,966 15, Variance Favorable (Unfavorable_)_ 3,786 (40O) Actual 10,500 3, , ~ ~ ,176 )ebtservice - l'rincipalretirem ent Intere stexpense 20,446 8~891 20,446 8,891 48, TotalI)ebtService 29,337 29,337 51,429 TotalExpenditures 419~ ,357 ExcessofRevenues OverExpenditures (157,903) (151,245) 6,658 Proceedsfrom vehicle financing 167, , ,666 Fund Balance-January 1 FtlND BALANCE -DECEM BER ~ ,305 $ 488,026 $ 6, ,093 The accom panying notesarc an integralpartofthisstatem ent

9 FIRE PRO TECTIO N D ISTRICT N O.4 O F TH E parish O F PO IN TE CO UPEE,LO U ISIANA N O TES TO TH E FINAN CIAL STATEM EN TS N O TE 1 -IN TRO D U CTIO N The Fire Protection DistrictNo.6 ofthe ParislaofPointe Coupec,Louisiana(tile "District")wascreated by aresolution ofthe Pointc Coupee Parish Police Jury in 1981.Tile Districtoperatesundera con'mtission form ofgovern m entand providesfire protection servicesto allthe territory situated w ithin the lim itsof Pointc Coupee Election D istrict10 and 11,assaid Election Districtsw ere constituted,be and the sam e wascreated in accordance w ith the authority ofl],~s 40:1694,and Article VI,Section 19 ofthe Constitution ofthe State oflouisiana forthe year1974 and otherconstitu tiooal and statutory SUl~plementalthereto and LocalServicesAgreementsentered into by thispolice Jury,the Mayorand Board ofalderm en ofthe Tow n oflivonia,louisiana,and the M ayorand Board ofalderm en ofthe Village offordochc,louisiana. N O TE 2 -SUM M ARY O F SIG N IFICAN T ACCO U NTI N G PO LICIES The accom panying financialstatem entsofthe Districthave Ix'co prc parcd in accordance w ith generally accepted accounting principles(gaap)asapplied to governrnentunits.the Govern mentalaccounting StandardsBoard (GASB)isthe accepted standard-setting body forestablishing govcrom crnalaccounting principles and reporting standards. G ASItCodification Section 2100 has defincd the goverm 'nentalreporting entity to bc tb.c l'ointe Coupec Parish Police Jury.The Districtisconsidered a com ponentunitofthe Pointe Coupcc Parisb Police Jury because the parish exercises oversightresponsibility in thatthe police jury appointsthe two board membersand public serv ice isrendered within tile parish's boundaries.the accom panying generalpurpose fnancialstatem ents presentinforfnation only asto the transactionsofthe l)istrict.aonoally,the Pointc Coupee Parish Police Jury issuesgeneralpurpose financialstatem ents, thatdo notinclude tile activity contained in tile accom panying financialstatem ents. The Districtusesfnndsand accountgroupsto reporton itsfinancialposition and the resultsofitsoperations.fund aceounling is demgned to dentonstratc legalcom pliance and to aid financialm anagem entby segregating transactions relating to certain governm entfunctions or activities.a fund is a separate accounting entity w ith a self-balancing set ofaccounts.o n the otherband,an accountgroup isa financialreporting device designed to f,rovidc accountability forcertain assetsand liabilitiesthatarc notrecorded in the fundsbecause they do notdirectly affectnetexpendable available financialresources. Tile Districthasonefund (GeneralFund)thatisclassified asagovernm entalfund.governm entalfundsaccountfor the District'sgeneralactivities,including the collection and disbursem entofspecific orlegally restricted m onies,the acquisition orconstruction ofgeneralfixed assets,and the servicing ofgenerallong-term debt.the G cncralfund is the generaloperating fnnd ofthe D istrictand accounts for allfinancialresources. The accounting and financialreporting treatm entapplied to a fund is determ ined by its m easurem entfocus.the G eneral Fund isaccounted forusing a currentfirtancialresourcesm easurem entfocus.w ith thism easurem entfocus,only currcnt assetsand currentliabilitiesare generaly included on the balance sheet.the operating statem entofthe GeneralFund presentsincreases and decreases in netcurrentassets.the G eneralfund usesthe m odified accrualbasis of accounting and the follow ing practicesirlrecording revenues and expenditures:

10 FIRE PRO TECTIO N D /STRICT N O.4 O F TH E PARISH O F PO INTE CO UPEE,LO UISIANA N O TES TO TH E FINAN CIAL STATEM ENTS Revenues Property tax revenuesare recognized w hen they becom e available.available m eansw hen due,orpastdue and receivable and collected generally w ithin 6O days after year cnd.see N ote 4 for the property tax calendar. M iscellaneousrevenue (exceptinvestmentearnings)are recorded asrevenue when cash isreceived because they generally are notm easurable untilactually received.investm entearningsare recorded asearned since they are m easurable and available. W here grantrevenue is dependentupon expenditures by tile D istrict,revenue isrecognized w hen tile related expenditures are incurred. F.xpenditurcs are recognized underthe m odified accrua basis ofaccounting w hen tile related fund liability is incurred,exceptfor principaland intereston general long-term debtw hich are recognized w hen due in tile G eneralfund. Proposed operating budgetsforthe fiscalyears1991through 2000 (the term ofthe approved ad valorem tax m illage), pre pared on GAAP Basis,are approved by the Board ofcom m issionersand adopted in aecord ance w ith the IX:ellGovernm ent BudgetLaw.The operating budgetincludesproposed expendituresand the m eansoffinancing them. l)uring the year,m onthly budgetary com parison statem ents are used asn~tanagem cnttools to controloperations.w hen neeessao,the Board adoptslm dgetam endm entswhich are included in Districtnainutespublished in the officialjournal. The D isn'ietexercisesbudgetary controlattile line item level.unexpended appropriationslapse atyearend and nm s be reappropriated in the nextyear's budgetto be expended. The Districtdoesnotfollow the encum brance m ethod ofaccounting. Cash includesam ountsin dem and deposits,interest-bearing dem and deposits,and m oney m arketaccounts.under state law,the D istrictm ay depositfundsin dem and deposits,interest-bearing dem and deposits,m oney m arketaceou nts, ortim e depositsw ith a bank organized underlouisiana law,orofany otherstate oftile United States,orunderthe law s of the U nited States. Underslate law,the Districtm ay investin United Statesbonds,treasury notes,orcertificates.these are classified as investm entsiftheiroriginalm aturitiesexceed 90 days;how ever,ifthe originalm aturitiesare 90 daysorless,they are classified as cash equivalents. Investm entsarc stated atcost. Bad D ebts The l)istrictusesthe directcharge.ofm ethod w hereby uncollectible am ountsclue from ad valorem taxesare recognized asbad debtsatthe tim e inform ation becom esavailable w hich w ould indicate the uncollectibility ofthe particularreceivable. The directcharge-of m ethod isused because itdoes notcause a m aterialdeparture from G AAP and itapproxim ates tile valuation m ethod.

11 FIRE PRO TECTIO N D ISTRICT N O.4 O F TH E PARISH O F PO INTE CO U PEE,LO U ISIANA N O TES TO TH E FINAN CIAL STATEM EN TS Inventories Inventoriesforsnppliesarc im m aterialand are recorded asexpendituresw hen purchased. Fixed Assets Fixed assets are recorded asexpenditures atthe tim e purchased orconstructed,and tile related assets are capitalized (reported)in the generalfixed assetsaccountgroup.interestcostsincurred during construction arc capitalized.no depreciation has been provided on generalfixed assets.allfixed assetsare valued athistoricalcostor estim ated historical costifactualhistoricalcostis notavailable. Donated fixed assets are stated attheir estim ated fair value on the date donated. The D istricthasno em ployees;therefore,ithas no vacation or sick leave policies Lon~-~ I,ong-tcm ~obligationsexpected to be financed from governm entalfunds arc reported in the generaliong-tenu obligations accountgroup.i'.'xpenditures for principaland interestpaym ents for Iong-ten'n ohligationsare re cognized in the govern m ental fim dsw hen due. Fund Equt~ The u nreserved fund balances for governm entalfu ndsrepresentthe am ountavailahlc forbudgeting futu re opera tions Com parative totaldata forthe prioryearhave been presented in the accom panying financialstatem entsin orderto provide an unde~tanding ofchangesin tile District'sfinancialposition and operations.1low ew'r,com plete com parative data(i.e.,presentation ofprioryeartotalsby fund type in each ofthe statcm cnls)have notbeen presented since their inclusion w ould m ake the statem ents unduly com plex and difficultto read. Totalcolum ns on the Com bined Statem entsarc captioned "M em orandum O nly"to indicate thatthey are presented only to facilitate financialanalysis. D ata in these colum nsdo notpresentfinancialposition or results of operations, in confonuityw ith generallyaccepted accountingprinciples.ncitherissuchdatacom parabletoaconsolidation.lnterfund elim inationshave notbeen m ade in the aggregation of this data. N O TE 3 "CASH AtD ecem ber31,2000,the statusofdeposited ftm dsand collateralized balancesare asfollow s Balance per bank statem ents Secured tw FederalD epositinsurance Secured by pledge of securities 262, , ,561 Unsecured and Uncollateralized

12 FIRE PRO TECTIO N D ISTRICT N O.4 O F TH E PARISH O F PO INTE CO U PEE,LO U ISIAN A N O TE S TO TH E FIN AN CIAL STATEM ENTS These deposits are stated atcost,w hich approxim ates m arket. Understate law,these deposits m ustbe secured by federaldepositinsurance or tile pledge of securitiesow ned by the fiscalagentbank.the m arketvalue ofthe pledged securitiesplustile federaldepositinsurance m ustatalltim esequaltile am ounton depositw ith the fscalagent.these securitiesare held in tile nam e ofthe pledging fiscalagentbank in a holdilag orcustodialbank thatism utually acceptable to both parties. F.veu though the pledged securitiesare considered uncollateralized (Category 3)u nderthe provisionsofgasb Statem ent No.3,Louisiana Revised Statute 39:1229 im posesa statutory requirem enton the custodialbank to advertise and sell tile pledged securities w ithin 10 daysof being notified by tire D istrictthatthe fiscalagenthas failed to pay deposited hindsupon denland. N O TE 4 -AD VALO REM TAX ES Alltaxableproperty located within the State ofl,ouisianaissubjectlay law to taxation on the basisofitsassessed valuation. The assessed val0e isdetem aincd by the Parish Assessor,exceptforpublic utility property w hich isassessed IW the l.ouisiana Tax Com m ission. The 1974 l.ouisiana Constitution provided that,beginning in 1978,allland and residentialproperty w ere to be assessed at10% offairm arketvalue;agricultural,horticultural,m arsh lands,tim herlandsand certain historic buildingsare to assessed at10% of"use"value;and allotherproperty is to be assessed at15% of fair m arketvalue.fairm arketvalues are determ ined by the elected assessorofthe parish and are subjectto review and finalcertificatiof,by the Louisiana Tax D istrict. The Assessor is required to reappraise allpro perty every fouryears. The Sherifofl'ointe Coupee Parish,asprovided by State Law,isthe oficialtax collectorofgeneralproperty taxeslevied by the Parish and in consideration,a deduction 0f3.82% ism ade forpension fundsasprovided u nderi.ouisiana Revised Statues. The m illage ratesare adopted in late O ctober.the tax esare levied and noticesare m ailed outin m id Novem berof the year.alltaxesare due by Decem ber31ofthe yearand are delinquenton January Iofthe nextyear,which isalso the lien date. State law requires the Sherif to collectproperly taxesin the calendaryearin w hich the assessm entis m ade. Iftaxes are notpaid by the due date ofi)ecember31,the taxesbearinterestatone and one-fourth percent(1.25%)perm onth untilthe taxesare paid.after notice isgiven to the delinquerittaxpayers,the Sherif isrequired by the Constitutiori ofthe State oflxnnisiana to sellthe leastquantity ofproperty necessary to settle the tax esand interestow ed. Property taxesare recognized asrevenue in the yearforw hich they are levied and becom e due.the m ajority ofthe year'stax esare osually collected in Novem berand D ecem berofthe year.any am ountsnotcollected atl)ecem ber31 are show n as accounts receivable. Fortheyearended December31,2000,tax esof$244, were levied on propertywith assessedvaluationstotaling $ ,102 atthe ra te of10.91m illsforthe purpose ofm aintaining and operating the District'sfire protection facilities, forpurchasing fire trucks and otherfire fighting equipm entand paying the costofobtaining w aterforfire protection purposes,including chargesfor fire hydrantrentalsand service and for the purpose of paying the costof acquiring, im pro ving,orconstructing fire protection facilitiesof the Fire Pro tection D istrict,constituting w orks of public im provem ev'lt, title to w hich shallbe in fil e public.

13 FIRE PRO TECTIO N D ISTRICT N O.4 O F TH E PARISH O F PO IN TE CO U PEE,LO U ISIAN A N O TES TO TH E FINAN CIAL STATE M EN TS N O TE 5 -D U E TO O TH ER G O VERN M ENTAL U N ITS The balance due to other governm entalunits isasfollow s Fire DistrictNo.2 ofpointe Coupee Parish.Parishw ide em ergency telephone service NO TE 6 -CH AN GES IN FIXED ASSETS A sum m ary of changes in generalfixed assetsfollow s Vehicles Fire Figl~ting equipm ent/tools Radios and paging equipm ent M edicalequipm ent O ffice furniture and equipm ent Fire hydrants Btlildingsand im provenlents Land Be~innin~ $ 604, ,808 64,595 18,408 26,444 21, , Additions $ 197,966 11,214 15,985 2,949 15, Deletions Ending _ $ 802, ,022 64,595 34,393 29,393 37, , Totals $ 1,056,309 $ 253,514 N O TE 7 -C I~IAN G ES IN G EN ERAL LO N G -TERM O BLIG ATIO N S The follow ing isa sum naad,ofdebttransactionsofthe Districtforthe yearended Decem ber31,2000 Beginning P,eductions Endin~ _ CapitalLeases Payable W ells Fargo Bank $ 167,966 $ $ 147,520 N O TE 8 -~ E CO M M ITM ENTS O n June 12,1984,entered into a lease w ith the Police Jury ofthe Parish ofpointe Coupee,Louisiana.The lease isfor aterm ofthirty (30)years,eolum endingjuly 1,1984,and term inating on July 1,2014,subjectto renewal.the lease covers a lotor parcelof land on w hich the Fordoche Fire Station has been erected. The annualrentalof one dollar ($1.00)peryearispayable in advance on orbefore July 1ofeach year. Atthe expiration of the prim ary term of thislease,the D istrictshallhave the option to extend the term of the lease foran additionalfive (5)yearson the sam e term sand conditionsprovided thatdie Districtshallnotify the l'arish of itsintention to exercise thisoption atleast120 dayspriorto Ihe expiration ofthe prim ary term ofsaid lease. NO TE 9 -PENSIO N PLAN AN D RE TIREM ENT CO M M ITM ENTS The D istricthasno em ployees;therefore,ithasno pension plan or retirem entcom m itm ents 10

14 FIRE PRO TECTIO N D ISTRICT N O.4 O F TH E PARISH O F PO IN TE CO U PEE,LO U ISIAN A N O TES TO TH E FINAN CIAL STATE M EN TS N O TE 10 -C O N TIN G EN T LIABILITI ES There is t'to pending litigation againsttile D istrict N O TE 11 -CO M PEN SATIO N PAID TO BOARD M EM BERS In com pliance w ith llouse ConcurrentResolution No.54 ofthe 1979 Session ofthe Louisiana Legislatu re,com pensation paid to board m em bersisasfollow s: $ 0 N O TE 12 -FED ERAL FINAN CIAL ASSISTAN CE There are no active awardsforthe yearended Decem ber31,

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18 FIRE PRO TECTIO N D ISTRICT N O. 4 O F TH E PARISH O F PO IN TE CO UPEE, LO U ISIANA TAXABLE PRO PERTY VALUATIO N S FRO M IN CEPTIO N (UNAUDITED) Year M ills Levied Assessed Value $ 22,435,266 24,265,476 23,989,111 26,956,547 24,942,091 25,357,580 24,155,783 24,489,906 23,671,216 24,546,980 24,416,469 24,753,536 24,879,333 26,360,828 27,597,811 28,848,919 27,430,758 29,060,127 29,529,102 H om estead Exem p~on $ 3,845,101 3,965,946 4,072,574 4,181,788 4,374,197 4,397,197 4,203,073 4,307,573 4,393,027 4,468,982 4,618,835 4,753,918 4,876,381 5,026,631 5,647,378 5,882,582 6,162,933 6,379,115 7,089,964 Tax to be PMd by O w ner $ 55, , , , , , , , , , , , ,231.4o 219, , , , , , Tax to be PMd by State 11, , , , , , , , , , , , , , , , , , , Total Tax $ 67, , , , , , , , , , , , , , , , , , ,

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21 m aterialeffecton tile determ ination of fi opinion on com pliance w ith those pr accordingly,]do notexpress such an opi of noncom pliance thatis required to be r is reported as in the Schedule of Fi Internal Control O ver Financial In planning and perform ing m y audit,icc reporting in order to determ ine m y aud opinion on tile general purpose financi~ ancialstatem ent am ounts. H ow ever,providing an visions w as not an objective of m y audit and, ion. The results of m ),tests disclosed one instance ported under Governm enta uditing Standards and dings. sidered the D istrict's internalcontroloverfinancial ng procedures for the purpose of expressing m y statem ents and not to provide assurance on the internal control over financial reporting M y consideration of the internal control over financial reporting w ould not necessaril) disclose all m atters in the internal control over financialreporting that m ightbe m aterial ~~eaknesses. A m aterialw eakness is a condition in 18

22 w hich thc dcsign or operation of one or m ore of the internalcontrolcom ponents does not reduce to a relatively low levelthe risk thatm isstatem ents in am ounts thatw ould be m aterial in relation to the generalpurpose financialstatem ents being audited m ay occur and notbe detected w ithin a tim ely period by em ployees in thc norm al course of perform ing their assigned functions. 1noted no m atters involving the internalcontrolover financialreporting and itsoperation thaticonsider to be m aterialw eaknesses. This reportis intended solely for the use ofm anagem ent,the Police Jury of the l'arish of Pointe Coupee,New Roads,louisiana (oversightentity),and the Legislative Auditor for the State of Louisiana and is not intended to be and should not be used by anyone other than these specified parties. H ow ever,this reportis a m atter of public record and its distribution is notlim ited. Septem ber25,

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24 FIRE PRO TECTIO N D ISTRICT N O.4 O F TH E PARISH O F PO IN TE CO U PEE,LO U ISIAN A SCH ED ULE O F FIN D IN G S YEAR EN D ED D ECEM BER 31,2000 A. SU M M ARY O F AU D IT RESU LTS The auditor's report expresses an unqualified opinion on thc general purpose financial statem ents of Fire Protection D istrict N o. 4 of the Parish of Pointe C oupee,louisiana. 2 3 N o reportable conditionsw ere disclosed during the auditof the generalpurpose financialstatem ents. O ne instance of noncom pliance w as disclosed during the audit of the general purpose financialstatem ents. There w ere no federalaw ards received by Fire Protection D istrict N o.4 oftile Parish of Pointe C oupee,louisiana. B. FIN D IN G u FINAN CIAL STATEM ENTS AU D IT AuditReport Issued Late U nder the term s of the engagem ent letter approved by the Legislative Auditor, the auditm ustbe subm itted to the Legislative Auditor w ithin six m onths of the close of the fiscalyear. 1, G eorge F. D elaune, C PA,APC, had several audits planned for the year and notified the DistrictthatIwould begin the auditby January 25,2001. Due to a flu epidem ic in January and February the auditw asdelayed and the auditshad to be rescheduled. In June 2001,there w as a serious m edicalproblem s in m y fam ily that delayed the audit again w hich prevented rescheduling until other state auditcom m itm ents w ere com pleted. Ihave discussed this problem w ith the D istrictand have assured them thatbaring any problem s in the future,the auditw illbe com pleted as scheduled. 21