CONSOLIDATED GRAVITY DRAINAGE DISTRICT NO. 2-A OF VERMILION PARISH. December

Transcription

1 CONSOLIDATED GRAVITY DRAINAGE DISTRICT NO. 2-A OF VERMILION PARISH FINANCIAL REPORT December dunderprovisions ofstate law, this reportis a public ocum ent.a copyofthe report has been subm itted to the rep entity and otherappropriate public officials. The ort is available forpublic inspection atthe Baton Rouge office oftl;e Legisl~:~tive Auditorand, w here appropriate,at the ofice ofthe parish clerk ofcourt. Release Date (.~ ~ -~:~/ =

2 C O N T E N T S Page INDEPENDENT ACCOUNTANT 'S REPORT l FINANC IAL STATEMENTS Combined balance sheet - all fund types and account group s Combined statement of revenues, expenditures, and changes in fund balances - all governmental fund types Combined statement of revenues, expenditures, and changes in fund balance - budget (GAAP basis) and actual - all governm ental fund types Notes to financial statements 5 6-]0 SUPPLEMENTA RY INFORMA TION Schedule of per diem paid Board of Commissioners INDEPENDENT ACCOUNTANT 'S REPORT ON A PPLYING AGREED UPON PROCEDURES Louisiana Attestation Questionnaire and 18

3 B R O U SSA R D,P O C H E ~.LE W IS & B R EA U X,L.L.P. C E R ] IF I E D P U B L IC A C C O U N I A N 1 S 122 East5th St, P.O.D raw er807 Crow lcy,louisiana phone:(337) fax:(337) Oil,e,Offices l,afayet(c,la (337) Opclousas,LA (337) Abbcvi lc,la (337) N ew Ibcria,LA (337) Church Poi.I,I,A (337) INDEPENDENT ACCOUNTANT 'S REPORT The Board of Comm issioners of the Consolidated Gravity Drainage District No. 2-A of Vermilion Parish Abbeville, Louisiana We have compiled the accompanying general purpose financial statements of the Consolidated Gravity Drainage District No. 2-A of Verm ilion Parish, a component unit of the Verm ilion Parish Police Jury, as of and for the year ended December 31, 2000 and the supplementary schedule, as listed in the table of contents. These financial statements and supplementary schedule, which is presented only for supplementary analysis purposes, were compiled in accordance with Statements on Standards for Accounting and Review Services issued by the Am erican Institute of Certified Public A ccountants. A compilation is lim ited to presenting information that is the representation of the Board in the form of financial statements and supp lementary schedules. We have not audited or reviewed the accompanying general purpose financial statements and the supp lementary schedule and, accordingly, we do not express an op inion or any other form of assurance on them. In accordance with the Louisiana Governmental Audit Guide and the provisions of state law, we have issued a report, dated May 8, 2001 on the results of our agreed-upon procedures. Crowley, Louisiana May 8, 2001 M,,.I,.,s,4 A,c,i~o.Instit.te~4 f'c~tili,~d l'ubli~a~,ountouls S,~'wtv,/IA,us,o,loC ' /, P.l.li~A~(ou,J.nrs - i -

4 CONSOLIDATED GRAV ITY DRA INAGE DISTRICT NO. 2-A VERM ILION PARISH POLICE JURY COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS December 31, 2000 See Accountant 's Compilation Report A SSETS General Fund Governmental Fund Types Debt Service Fund Capital Projects Fund Cash Investm ents, at cost Receivables Equipment Am ount available in debt service funds Am ount to be provided for retirement of general long-term debt $ 10, ,126 $ 38, ,940 66,174 $ 45,084 Total assets L 147,859_ $ 239,042 $ 451_08_4 LIABILITIES AND FUND EQUITY LIABIL ITIES Accounts payab le Deduction from ad valorem taxes Bonds payable Other payable Total liabilities $ 2,450 4, $ 6,612 $ 2,014 FUND EQUITY Investment in general fixed assets $ $ Fund balances : Reserved for debt service Unreserved - undesignated Total fund balances $ 141,247 $ 141,247 $ 237, ,028 Total liabilities and fund equity ~ 147,859 $ 239,042 $ 45,084 See Notes to Financial Statements - 2 -

5 General Fixed A ssets Account GrOUDS General Long-Term Obligations Total (Memorandum Only) $ 425, , , ,972 $ 425,622 $ 436,000 $1,293,605 $ 436,000 $ 2,450 6, , $ $ 436,000 $ 444,626 $ 425,620 $ 425,620 $ $ 237, ,331 $ 423,359 $ 425,620 $ 436,000 $1,293,

6 CONSOLIDATEO GRAV ITY DRA INAGE DISTRICT NO. 2-A VERM ILION PARISH POLICE JURY COMBINED STATEMENT O F REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES Year Ended December 31, 2000 See A ccountant 's Compilation Report General Fund Debt Service Funds Capital Projects Fund Total (Memorandum Only) Revenues : Taxes : Ad valorem Intergovernme State reven Other Total revenues $134,325 8,086 30,663 $173,074 $ 67,036 1,531 $ 68,567 $ - $201, ,086 33,747 $243,194 Expend iture s : Current : Pub lic works : Salaries and related benefits Compensation paid to board of comm issioners Accounting and legal Insurance O ffice Materials and supplies Repairs Drainage m aintenance Fuel and oil Pension Uncollected taxes M iscellaneous Debt service : $ 63,064 6,780 42, ,975 18,906 2,935 8,508 4,035 4,660 $158,147 $ 2,014 35,000 29~574 $ 66,588 $ 5,059 1, ,280 2,008 29,243 $ 40,000 $ 68,123 6,780 1,300 43, ,147 18,906 4,215 10,516 6,049 33,903 35,000 29,574 $ 264,735 Excess (deficiency) of revenues over expenditures $ 14,927 $ 1,979 $ (38,447 $ (21,541 Fund balances, beginning 126, ,049 83,53l 444,900 Fund balances, ending $141,247 ~237~028 ~ 45,084 ~423,359 See Notes to Financial Statements - 4 -

7 CONSOLIDATED GRAV ITY DRA INAGE DISTRICT NO. 2-A VERM ILION PARISH POLICE JURY COMBINED STATEMENT OF REVENUES, EX PENDITURES, AND CHANGES IN FUND BALANCE - BUDGET (GAA P BASIS) AND ACTUAL - ALL GOVERNMENTAL FUND TYPES Year Ended December 31, 2000 See Accountant 's Compilation Report General Fund Actual Variance Favorable Unfavorable Revenues : Taxe s : Ad valorem taxes Intergovernm ental : State revenue sharing Other Total revenue $ ]14,938 $ 134,325 $ 19,387 8,086 30,663 $ 173,074 (2,002 29,163 $ 46,548 Expenditures : Current : Public Works : Salaries and related benefits Compensation paid to board of comm issioners Accounting and legal Insurance O ffice Materials and supplies Repairs Drainage m aintenance Fuel and oil Pension Uncollected taxes M iscellaneous Debt service : Principal retirements Interest and fiscal charges Total expenditures $ 72,232 3,840 1,300 41, ,000 10,740 i0,000 2,200 $ 163,214 $ 63,064 $ 9,168 6,780 (2,940 1,300 (1, (5,975 2,094 7,805 ],492 (4,035 4,660 (2,460 $ 158,147 $ 5,067 Excess (deficiency) of revenues over expenditures $ (36,688) $ 14,927 $ 51,615 Fund balance, beginning Fund balance, ending 126, ,320 $ 89,6 32.~ 141,247_ ~ 51L61 ~ See Notes to Financial Statem ents - 5 -

8 CONSOLIDATED GRAV ITY DRA INAGE DISTRICT NO. 2-A VERM ILION PA RISH POLICE JURY NOTES TO FINANCIAL STATEMENTS See Accountant 's Compilation Report Note i. Summary of Significant Accounting Policies In April of 1984, the Financial Accounting Foundation established the Governmental Accounting Standards Board (GASB) to promulgate generally accepted accounting principles and reporting standards with respect to activities and transactions of state and local governmental entities. A ll GASB pronouncements are recognized as generally accepted accounting principles for state and local governments. The accompanying financial statements have been prepared in accordance with such princip les. A. Reporting Entity In conformance with GASB Codification Section 2100, the Drainage District is a component unit of the Vermilion Parish Police Jury, the governing body of the parish and the governmental body with oversight responsibility. The accompanying financial statements present information only on the funds maintained by the District and do not present information on the Police Jury, the general government services provided by that governmental unit, and other governmental units that comprise the governm ental reporting entity. B. Fund accounting The Drainage District uses funds to report on its financial position and results of operations. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions relating to certain government functions or activities. A fund is a separate accounting entity with a self-balancing set of accounts. General Fund : 6 -

9 NOTES TO FINANCIAL STATEMENTS See Accountant 's Compilation Report Debt Service Fund The debt service fund is used to account for the accumulation of resources for, and the payment of, general long-term obligation principal, interest, and related costs. Capital Projects Fund The capital projects fund is used to account for financial resources to be used for acquisition or construction of major capital projects. C. General Fixed Assets and General Long-Term Obligations Fixed assets used in governmental fund type operations (general fixed assets) are accounted for in the general fixed assets account group, rather than in the governmental funds. Public domain or infrastructures are not capitalized. No depreciation has been provided on general fixed assets. A ll fixed assets are valued at historical cost. Long-term liabilities expected to be financed from governmental funds are accounted for in the general long-term obligations account group, not in the governmental funds. The two account groups are not funds. They are concerned only with the measurement of financial position and do not involve measurement of results of operations. D. Basis of Accounting Basis o f accounting refers to when revenues and expenditures are recognized in the accounts and reported in the financisl statem ents. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus applied. The District 's accounts are reported on the modified accrual basis of accounting using the following practices in recording revenues and expenditures : Revenues : Ad valorem taxes and state revenue sharing are recorded in the year the taxes are assessed. Ad valorem taxes are assessed on a calendar year basis, become due on November 15 o f each year and become delinquent by December 3]. The taxes are generally collected in Decemb er of the current year and January and February of the ensuing year. Expenditures : Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred except for principal and interest on general long-term debt which is recognized when due

10 NOTES TO FINANCIAL STATEMENTS See Accountant 's Compilation Report E. Budget Practices The budgeted revenue and expenditures are based on current figures and past experience. They are discussed, approved, adopted, and amended as necessary by the Board of Comm issioners at the regular monthly meetings. The budget is prepared on a basis consistent with generally accepted accounting principles. A ll appropriations lap se at year-end. The District does not use encumb rance accounting. F. Cash and Investments For reporting purposes, cash and investments include cash, demand deposits, and certificates of deposit. Under state law, the Consolidated Gravity Drainage District No. 2-A of Verm ilion Parish may deposit funds within a fiscal agent bank organized under the laws of the State of Louisiana, the laws of any other state in the union, or the laws of the United States. Further, the District may invest in time deposits or certificates of deposit of state banks organized under Louisiana law and national banks having principal offices in Louisiana. At December 31, 2000, the District has cash (book balances) totaling $94,745 which is all in interest-bearing demand deposits or certificates of deposit. These deposits are stated at cost, which approximates market. Under state law, these deposits (or the resulting bank balances) must be secured by federal deposit insurance or the pledge of securities owned by the fiscal agent ban k. The market value of the pledged securities p lus the federal deposit insurance must at all times equal the amount on deposit with the fiscal agent. At Dece~ er 31, 2000, the District has $98,533 in deposits (collective bank balances). These deposits are fully secured from risk by federal deposit insurance (GASB Category i) and $174,078 of pledged securities (GASB Category 3). G. Pensions Employees of the Drainage District are covered under the Federal Insurance Contribution Act (social security). The employees and the District contribute equally to the system. Pension expenditures as shown with revenues and expenditures is the amount deducted from ad valorem taxes for sheriff and assessor plans, as provided by state law. 8 -

11 NOTES TO FINANC IA L STATEMENTS See Accountant 's Comp ilation Report H. Vacation and Sick Leave Full-time employees of the District with more than one year of service are allowed two weeks of vacation leave each year; full-time employees with one year 's service or less are allowed one week of vacation leave each year. Sick leave is granted on an individual basis as the need occurs. Vacation and sick leave m ay not be accumulated and carried into future years. I. Total Columns On Financial Statements The total columns on the financial statements are captioned "Memorandum Only" to indicate that they are presented only to facilitate financial analysis. The data in these columns does not present financial position or results of operations in conformity with generally accepted accounting princip les. Neither is such data comparab le to a consolidation. Interfund elim inations have not been made in the aggregation of this data. Note 2. Changes in General Fixed A ssets A summ ary of changes in general fixed assets follows Equipment Balance, December 31, 1999 Additions Reductions Balance, Decemb er 31, 2001 $432, $425,62~ Note 3. Changes in General Long-Term Obligations The following is a surmaary of the long-term obligation transactions for the year ended Decemb er 31, 2000 : Bonded Debt Long-term obligations payable at January i, 2000 $47],000 Additions Reductions Long-term obligations payable at Decemb er 31, 2000 ~~~_6.s_Q-9.~ - 9 -

12 NOTES TO FINANCIAL STATEMENTS See Accountant 's Compilation Report Bonds of the Drainage District are comprised of the following individual issues : Original issue of $105,000 General Obligation Bonds dated November 1, 1981, retired in various annual installments, interest rate 9.50%, final m aturity April i, 2001 $ Ii, 000 Original issue of $210,000 General Obligation Bonds dated December i, ]986, retired in various annual installments, interest rate 7.0% to 11.0%, final m aturity Decemb er i, , 000 Original issue of $340,000 Public Improvement Bonds dated May 3, 1997, retired in various annual installments, at various interest rates, final maturity April i, ,000 Total Bonds The annual requirements to amortize all bonds and~or certificates outstanding at December 3], 2000, including interest of $192,811 are as follows: Year Endinq ~ al Interest Total Total $ 36,000 25,000 30,000 35,000 35, ,000 ~ 6,000 $ 25,435 22,925 20,825 18,777 16,548 88,301 $ 61,435 47,925 50,825 53,777 51, ,301 Note 4. Receivables The following is a summary of receivables at December 31, 2000 General Fund Debt Service Fund Ad valorem tax Revenue sharing Other $134,325 8,086 30,663 ~!7~ 074

13 SUPPLEMENTARY INFORMA TION - Ii

14 CONSOLIDATED GRAV ITY DRA INAGE DISTRICT NO. 2-A VERM ILION PA RISH POLICE JURY SCHEDULE O F COM PENSATION PA ID BOA RD OF COMM ISSIONERS Year Ended December 31, 2000 See Accountant 's Compilation Report Name Rudy Roche Randy Stutes Thom as Lalande William Henry Roderic Mark Hebert Theodore Charles Girouard Total $ The schedule of compensation paid to board members was prepared in compliance with House Concurrent Resolution No. 54 of the ]979 Session of the Legislature. The board me~ ers receive $60 per diem for attendance at meetings of the board. Vernis Leger, President, received a salary of $3,500 in 2000 which is included in the financial statements with salary and related benefits.

15 B R O U SSA R D,P O C H E :,LE W IS & B R E A U X,L.L.P. C E R 1 IF I E D P U B L IC A C C O U N I A N 1 S I22 East5th St. P.O.I)raw cr 307 Crow lcy,louisiana pho,w:(337) fi*x:(387) OlhclOfl~ce~ Lafayette,LA (337) Opelou~as,LA (337) AbbevilJc,LA (337)898-]497 New lbcria,,a (337) Church Point,LA (337) INDEPENDENT ACCOUNTANT 'S REPORT ON A PPLYING A GREED-UPON PROCEDURES The Board of Comm issioners of the Consolidated Gravity Drainage District No. 2-A of Verm ilion Parish Abbeville, Louisiana We have performed the procedures included in the Louisiana Government Audit Guide and enumerated below, which were agreed to by the management of Consolidated Gravity Drainage District No. 2-A of Verm ilion Parish and the Legislative Auditor, State of Louisiana, solely to assist the users in evaluating m anagem ent 's assertions about Consolidated Gravity Drainage District No. 2-A of Vermilion Parish compliance with certain laws and regulations during the year ended December 31, 2000 included in the accompanying Louisiana A ttestation Questionnaire. This agreed-upon procedures engagement was performed in accordance with standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of the specified users o f the report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. P ub lic B id Law Select all expenditures made during the year for materials and supplies exceeding $15,000 or public works exceeding $100,000, and determine whether such purchases were made in accordance with LSA-RS 38: (the public bid ]aw). There were not any expenditures made during the period for materials and supplies exceeding $15,000. Nor were there any expenditures m ade during the period for pub lic works exceeding $i00,000. Code of E thics for Public Officials and Pub lic Employees 2. Obtain from management a list of the imm ediate fam ily m embers of each board member as defined by LSA-RS 42: (the code of ethics), and a list of outside business interests of all board m embers and employees, as well as their Jnm~edJate fam ilies. ~h,&.,s,4a,.,,i,.,l,m ltute,i (',,.I;,<!l',I,th A,,~.m lom ~ S,~.,t~,!l~,.islonoC,.tI " 1',I,1i~A~,m nta,ds

16 The Board of Comm issioners of the Consolidated Gravity Drainage District No. 2-A of Verm ilion Parish Management provided us with the required list of board members including the noted in formation. 3 Obtain from management a listing of all employees paid during the period under exam ination. Management provided us with the required list Determ ine whether any of those employees included in the listing obtained from management in agreed-upon procedure (3) were also included on the listing obtained from management in agreed-upon procedure (2) as immediate family members. None of the employees included on the list of employees provided by management [agreed-upon procedure (3)] appeared on the list provided by management in agreed-upon procedure (2). Budgeting 5. Obtained a copy of the legally adopted budget and all amendments Managem ent provided us with a copy of the original budget. amendm ents to the budget during the year. There were no 6. Trace the budget adoption and amendm ents to the minute book We traced the adoption of the original budget to the minutes of a meetig held on February i0, No amendm ents were made to the budget during the year. 7 Compare the revenues and expenditures expenditures to determine if actual amounts by more than 5%. of the final budget to actual revenues and revenues or expenditures exceed budgeted We compared the revenues and expenditures of the final buget to actual revenues and expenditures. A ctual revenues and expenditures did not exceed budgeted am ounts by more then 5%. Accoun ting and Rep orting 8. Random ly select six disbursements made during the period under examination and a) trace payments to supporting documentation as to proper amount and payee We examined supporting documentation for each of the six selected d isbursements and found that paym ent was for the p roper amount and made to the correct payee.

17 The Board of ComnLissioners of the Consolidated Gravity Drainage District No. 2-A of Verm ilion Parish b) determine if payments were properly coded to the correct fund and general ledger account ; and All six of the paym ents were properly coded to the correct fund and general ledger account. c) determine whether paym ents received approval from proper authorities Inspection of the minutes of the Board meetings indicated that each of the six selected disbursem ents was approved by the Board. M ee tings Examine evidence indicating were posted or advertised meetings law). that agendas for meetings as required by LSA -RS 42 recorded in the minute book i through 42:12 (the open Consolidated Gravity Drainage District No required to post a notice of each meeting door o f the District 's office building. docum ent s were p roperly posted. 2-A of Verm ilion Parish is only and the accompanying agenda on the Managem ent has asserted that such Deb t I0 Examine bank deposits for the period under examination and determine whether any such deposits appear to be proceeds of ban k loans, bonds, or like indebtedness. We scanned copies of bank deposit slips for the period under examination and did not note any deposits which appeared to be proceeds of bank loans, bonds, or like indebtedness. Advances and Bonuses 11 Exam ine payroll records and m inutes for the year to determ ine whether any paym ents have been m ade to emp loyees which m ay constitute bonuses, advances, or gifts. A reading of the minutes of the District for the year did not reveal any such paym ents. We also inspected payroll records for the year and did not note any instances which would indicate paym ents to employees which would constitute bonuses, advances, or gifts. Prior Comm en ts and R ecomm endation s 12 Review any prior year suggestions, recommendations, and/or comments and indicate the extent to which such m atters have been resolved. Our prior year report, dated April 29, 1999, included comments and unresolved m atters addressed in the Sum ary Schedule of Prior Audit Findings.

18 The Board of Comm issioners of the Consolidated Gravity Drainage District No. 2-A of Verm ilion Parish We were not engaged to, and did not, perform an examination, the objective of which would be the expression of an opinion on management 's assertions. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the use of management of Consolidated Gravity Drainage District No. 2-A of Vermilion Parish and the Legislative Auditor, State of Louisiana, and should not be used by those who have not agreed to the procedures and taken responsibility for the sufficiency of the procedures for their purposes. However, this report is a matter of public record and its distribution is not limited. Crowley, Louisiana May 8, 2001

19 LOUISIANA ATTESTATIO N QUESTIONNAIRE (ForA testation Engagements ofgovern ment) i~.-3i-o0 Broussard,P(x;he',Lewis & Bteaux,LLP P.O.Drawer307 Crowely,LA (Auditom) (Date Transmited) In connection with yourcompilation ofourfinancialstatements as ofdecember31,2000 and for the yearthen ended,and as require d by Louisiana Revised Statute 24:513 and the Louisiana Govem m enta/auditguide.we make the folowing representations to you,w e acceptfu l responsibility forourcom pljanca with the folowing laws and regulation and the intern alconlrols overcom pliance with such laws and regulations.w e have evaluated ourcom pliance with the fo lowing laws and regulations priorto m aking these representations. These representations ate based on the information evaleble to us a~ of ~ecember31,2000 Public Bid Law Itis true thatwe have com plied with the public bid law,lsa-rs Title 38:2212,and,where applicable,the regulations ofth e Division ofadm inistration,state Purchasing Ofice.. Yes[/.p.No [ ] Code ofethics forpublic Ofi cials and Public Em ployees Itis tru e thatno employees oroficials have accepted anything ofvalue,wheth erin the form ofa sew ice,loan,orprom ise,fro m anyone th atwould constitute a violation oflsa-rs 42: ~ Yes[/~ 0[ ] ItIs true thatno m em berofthe im m ediate fam ily ofany m em berof the governing authority,or th e chiefexecutive ofthe gov ern m entalentity,has been em ployed by the govem m ents lentity afterapril1,1980,undercircum stances tha twould constitu te a violation oflsa-r$ 42:1119. Yes[,/,~ No [], Budgeting W e have com plied with the sta te bu dgeting requirem ents ofthe LoCa lg overn mentbudgetact (LSA-R$ 39: )orthe budgetrequirements oflsa.rs 39:34. Yes[/,]"No [ ] AccounUng and Reporting Allnon-exem ptgovern m entalrecords are available as a public record and have been retained foratleastthree years,as required by LSA-RS 44:1,44:7,44:31,and 44:36. Yes~'l~No [ ] W e have filed ourannualflnanoialstatem ents in accordance with LSA-RS 24;514,33:463 end/or39:92,as appllctable. Yes[/~ q~[ ] W e ha ve had ourfir~ ncialstatem ents audited orco m piled In accordance with LSA-;.RS 24:513 ~ Year,viNe[ ]

20 Meetings W e have complied with the provisions ofthe Open Meetings Law,provided in RS 42:1th rough 42:12. Yes (/~ o ( I Debt ItIs true we have notincurred any indebtedness,otherthan Creditfor90 Oeys orless to make purchases in the ordinary COum e ofadm inistration,norhave we entered Into any leasepumhaee agreem ents,withoutth e approvalofthe State Bond Comm ission,as provided by Article VII,~ectlon 8 ofthe 1974 Louisiana Constitution,Artiole VI,Section 33 ofthe 1974 Louisiana Constitution,and LSA-R$ 39:14t ,65, Yes [/~~ o [ ) Advances and Bonuses Itis true we have notadvanced wages orsalerles to em ployees orpaid bonuses in violation of Article VII,Section 14 ofthe 1974 Louisiana Constitution,LSA-R$ 14:138,and AG opinion Yes [Pr~No [ ] W e havo disclosed to you elknown noncompliance ofth e foregoing laws and regulauons,as wellas any contradictions to th e foregoing representations.w e have made evaibble to you docum entation rela Un0 to the foregoing law s and reguta tjons. 18 -

21 CONSOLIDATED GRAV ITY DRA INAGE DISTRICT NO. 2-A VERMILION PAR ISH MANAGEMENT 'S CORRECTIVE ACTION PLAN Year Ended December 31, 2000 Section I. Internal Control and Complianee Material to the Financial Statements Budaetino Finding : The budget was not adopted in open meeting before the beginning of the fiscal year as required by the Local Government Budget Act (LSA-RS 39: ). Cause : The District requiring them requirem ent in was unaware of changes in the Local Government Budget Act to adopt a budget. The District was exempt from tbese years past. Recomm endation and Response : We recom end, District adopt a budget prior to th~ required by the Local Governm ent Budget and management agrees, that tbe beginning of the fiscal year as A ct. Section II. Internal Control and Compliance Material to Federal Awards The District did not receive any federal awards for the year ended December 3] 2000, Section III. Ma nagement Letter The District did not receive a management letter for the year ended December Responsible party : Vernis Leger, President