FISKEUNIONFIREDISTRICT OakGrove,Louisiana FortheYearEndedDecember31,196 NotestotheFinancialStatements Theprincipleamountoftheleaseis$4,10.0.Theleasecalsfor6anual paymentsintheamountof$9,97.7each.afterthesixthpaymențthequipment canbepurchasedforthesumof$1.0.finalpaymentisdueapril17,197. 7.RELATEDPAR'I'YTRANSACTIONS TherearenorelatedpartytransactionstodiscloseasrequiredbyFASB57 8.LITIGATIONANDCLAIMS 9.SUBSEQUENTEV[-N'FS ThecitizensofWestCarolpasta1/2%salestaxonOctober1,196togointo efectonjanuary1,197.thistaxreplacesthepropertyasesmentṣ -19-
FISKEUNIONFIREDISTRICT OakGrove,Louisiana FortheYearEndedDecember31,196 NotestotheFinancialStatements 140673andhadatotalbalanceatDecember31,196of$1,358.97.Theseacounts areinsuredbythefdicintheamountof$10,0.0. 4.RECEIVABLES arefromuncolectedpropertyasesments.thedistrict'sboardreviewsthese receivableseachyearandhasliensfiledonthepropertyforasesmentsovertwo ThedistricthasreceivablesonlyinthespecialrevenuefunḍThisreceivables yearsold,thereceivablestotaled$13,386.0atdecember31,196. 5.CHANGESINGENERALFIXEDASETS Asumaryofchangesingeneralfixedasetsfolows January1, Balance 196 AditionsDeletions Land Building Equipment $12,0.0 $0.0 ~3~_3,549.96 ~;1~_539.71 $0.0 $0.0 December31 Balance 196 $0,0 $0.0 ~;o.o ~65~089~6_7 $12,0.0 Total $75,549.96 $1,539.71 $0.0 $7,089.67 6.LE'ASES acompanyingfinancialstatements.thefei(owingisareviewofthecapitaleaseat Thedistrictrecordsitemsundercapitaleasesasasetsandobligationsinthe December31.196. FinancialResources,Inc~ofGrenvile,Texas.Thequipmentleasedwasafiretruck TheFiskeUnionFireDistrictenteredintoacapitaleasewithConsolidated -18-
FISKEUNIONFIREDISTRICT OakGrove,Louisiana FortheYearEndedDecember31,196 NotestotheFinancialStatements J.FUNDEQUITY Reserve.,; Reservesrepresenthoseportionsofundequitynotapropriablefor expendituresorlegalysegregatedforaspecificfutureuse. DesignatedFundBalances Designatedfundbalancesrepresententativeplansforfutureuseof financialresources. K.TOTALCOLUMNSONSTATEMENTS thatheyarepresentedonlytofacilitatefinancialanalysis.datainthesecolumns ThetotalcolumnsonthestatementsarecaptionedMemorandumOnlytoindicate denotpresentfinancialpositionoresultofoperationsinconformitywithgeneraly aecep',edacour~tingprinciples.neitherisuchda'~acomparabletoaconsolidation. 2.SPECIALASESMENT ofthefiredistrictcouldecideiftheywantedtoasestheirhomesafesothat The,FiskeUnionFireDistrictheldanelectiononNovember6,190,sothathepeople adequatefireprotectionwouldbeavailable."rhepeopleofthisdistrictvoted178to 121toasestheirhome.,;intheamountof$50.0eachandtheirmobilehomesinthe amountof$40.0foraperiodof10yearstartingin191.thisrevenuewilbeused toprovideaditionalfirestationsandequipment. 3.CASHANDCASHEQUIVALENTS NationalBankinOakGrove,Louisiana.Tileacountnumbersare016513and TheFiskeUnionFireDistrictmaintainstwocheckingacountsintheWestCaro -17-
FISKEUNIONFIREDISTRICT OakGrove,Louisiana FortheYearEndedDecember31,196 NotestotheFinancialStatements F.CASHANDCASH'EQUIVALENTS moneymarketacounts.cashequivalentsincludeamountsintimedepositsandthose Cashincludesamountsindemandeposits,interest-bearingdemandepositșand investmentswithoriginalmaturitiesof90daysorles.understatelaw,thedistrict maydepositfundsindemandeposits,interest-bearingdemandeposits,money nationalbankstlavingtheirprincipaloficesinlouisiana. marketacounts,ortimedepositswithstatebanksorganizedunderlouisianalawand certificates.theseareclasifiedasinvestmentsiftheiroriginalmaturitiesexced Understatelaw,thedistrictmayinvestinUnitedStatesbondștreasurynotes,or 90days;however,iftheoriginalmaturitiesare90daysorleștheyareclasified ascashequivalents.investmentsarestatedatcost. G.FIXEDASETS andtherelatedasetsarereportedinthegeneralfixedasetsacountgroup.no Fixedasetsarerecordedasexpendituresathetimepurchasederconstructed, depreciationhasbenprovidedongeneralfixedasets.alfixedasetsarevaluedat historicalcost. H.COMPENSATEDABSENCES vacationandsickleave. Thedistricthasnopaidemployesthereforethereisnopolicyrelatingto LONG-TERMOF]LIGATIONS reportedinthegeneralong-termobligationsacountgroup.thedistrict's Long-termobligationsexpectedtobefinancedfromgovernmentalfundsare expendituresforcapitaleasepaymentsareinthisamountandarerecognizedin thegovernmentalfundswhendue.senoteoforamounts. -16-
FISKEUNIONFIREDISTRICT OakGrove,Louisiana FortheYearEndedDecember31,196 NotestotheFinancialStatements ofspecificorlegalyrestrictedmonies,theacquisitionorconstructionofgeneral fixedasets,andtheservicingofgeneralong-termdebt.governmentalfundsof thedistrictinclude: 1.GeneralFund-thegeneraloperatingfundofthedistrictandacountsforal financialresources,excepthoserequiredtobeacountedforinotherfunds 2.SpecialRevenueFund-usedtoacountforthecolectionandexpendituresofthe specialasesmentcolectedbythedistrict.thesefundsareforthexpansion ofthedistrict'services. D.BASISOFACOUNTING itsmeasurementfocus.thegovernmentalfundsareacountedforusingacurent Theacountingandfinancialreportingtreatmentapliedtoafundisdeterminedby financialresourcesmeasurementfocus.withthismeasurementfocus,onlycurent asetsandliabilitiesaregeneralyincludedonthebalanceshet.operatingstatementsofthesefundspresentincreasesandecreasesinetcurentasets.the modifiedacrualbasisofacountingisusedbythegovernmentalfunds.thegovernmentalfundsusethefolowingpracticesinrecordingrevenuesandexpenditures: Revenues: Alrevenuesarerecordedwhenreceived Expenditures: acounting,whentheliabilityisincured. Expendituresaregeneralyrecognizableunderthemodifiedacrualbasisof E.BUDGETARYPRACTICES TheFiskeUnionFireDistrictdidadoptabudgetfortheyear196 -.15-
StatementofRevenueșExpendituresandChangesinFundBalances FISKEUNIONFIREDISTRICT EXHIBITD-I FortheYearEndedDecember31,196 GeneralFund REVENUES: 2%FireInsuranceRebate Contributions $3,14.02 TOTALREVENUES 950.0o_. EXPENDITURES $4,064.02 RepairstoEquipment Gas OficeExpense $480.73 Utilities 315.32 CapitalOutlay Miscelaneous 128.59 510.51 Insurance 70.25 TOTALEXPENDITURES ~38.o.0 342.34 EXCESOFREVENLJE,~OVEREXPENDITURES.$475.74 FUNDBALANCEA'IBEGININGOFYEAR ($71.72) FUNDBALANCEATHE;ENDOFYEAR $2325,03 $1,613.31 THEACOMPANYINGNOTESAREANINTEGRALPARTOFTHISTATEMENT -,9-
DONOT5t+Nl)OdT rii,.~+c69y (Xeroxilecos.ary copiesfromibis copyaridplace RACKinF/I,EJ FISKEUNIONFIREDISTRICT OAKGROVE,LOUISIANA ANUALREPORT FORTHEYEARENDED DECEMBER31,196 anderprovisionsofstatelaw,the'-, reportisapublicdocument,a copyoftlmr~;parthasbensubmit tedtothez;uditej,oreviewed, entityand~therapropriatepubic oficials.[he~e;-,ortisavailablefor publicinspec[ianathebaton Rougeofic(,oftheLegislativeAuditorand,whereapropriate,athe PREPAREDBY:RP,IP.aseDate oficeofthepalishclerkofcourt CERTIFIEDPUBLICACOUNTANT JOHNM.GATiINGS OAK GROVE,LOUISIANA71263
EXHIBITC CombinedStaternentofRevenueșP-xpendituresandChangesinFundBalances FISKEUNIONFIRE!DISTRICT Budget(GAPBasis)andActual FortheYearEndedDecember31,196 AlFundTypes Budgetas Amended Variance REVENUES Actual(Unfavorable) Favorable 2%FireInsuranceRebate Other AsesmentFes $3,10.0 TOTALRECEIPTS 17~50.0 1,0.0 $3,14.02 1-7,515.0 950.0 $14.02 (50.0) J5.0Q EXPENDITURES $21,60.0 $21,579.02 ($20.98) Insurance EquipmentRepair OficeFxpense CapitalOutlay $1,150.0 $12.0 Suplies 1,50.0 575.0 (39.71) 35.06 Legal&Acounting Miscelaneous 175.0 750.0 168.45 0.49 Utilities Fuel 1,525.0 516.15 750.0 6.5 CapitalLease 40.0 1,517.80 TOTALEXPENDITURES!~O0.O0 9,97.7 405.80 (5.80) 0.08.857.20 2,2.3 EXCESOFRECEIPTSOVER $18,10.0 1~,053.13 ~46~87 FUNDBALANCEiATBEGININGOF EXPENDITUREiS $3,50.0 $3,525.89 $25.89 FUNDF3ALANCEATHENDOFYEAR$24,719.08 YI-AR $2_1~219.08 $24,74.97 2~219.08 THEACOMPANYINGNOTESAREANINTEGRALPARTOFTHISTATEMENT -8-
StatementofRevenues,ExpendituresandChangesinFundBalances FISKEUNIONFIREDISTRICT EXHIBITE-2 Budget(GAPBasis)andActual FortheYearEndedI-)ecember31,196 SpecialRevenueFund Amended Budgetas Variance REVENUES Unfavo[able) Favorable AsesmentFes $_1_7,50.0 ~$/7,515.0 TOTALREVENUES $17,50.0 _$15,0 EXPENDITURES $17,515.0 $15.0 EquipmentRepair Legal&Acounting Ofice $1,025.0 Fuel 750.0 $984.21 CapitalOutlay Utilities 10.0 75.0 75O.0O $40.79 64.O0 Suplies 80.0 Miscel'aneous 325.0 839.46 90.48 $1.0 $0.0 CapitalLease 175.0 168.45 29.21 ($39.46) $9.52 $95.79 TOTALEXPENDITUFIES _1~0.0 9.,97.7 173.81 $6.5 1.19 EXCESOFREVENUESOVER ~1_3,425.0 2._2.-3 ~_3,27.39 $_14Z.61 FUNDBALANCl-ATBEGININGOF EXPENDITURES FUNDBALANC[-THENDOFYEAR $4,075.0 $4,237.61 $162.61 ~_18j894.05 $2,969.05 $23,131.6 ~,894.05 THEACOMPANYINGNOTESAREAN NTF!GRALPARTOFTHISTATEMENT -12-
JOHNM.GATHINGS Hwy,2East-OakGrove,Louisiana71263 CERTIFIEDPUBLICACOUNTANT 3181428-3549 May05,197 P.O.BOX108 FiskeUnionFireDistrict MarshalRufin,President OakGrove.Louisiana71263 Sir disbursementsforfiskeunionfiredistrictasofandfortheyearended Ihavecompiledtheacompanyingbalanceshetandstatementofreceiptsand December31,196inacordancewithstandardsestablishedbytheAmericanInstitute ofcertifiedpublicacountants.thebalanceshetpresentstheasetsoffiskeunion FireDistrictathistoricostsanditsliabilitiesatcurentvalues.Alinformationincluded inthisanualreportistherepresentationoffiskeunionfiredistrict. thatis;therepresentationofthentitywhosefinancialstatementsarepresented.ihave Acompilationislimitedtopresentingintheformofinancialstatementsinformation notauditedoreviewedtheacompanyingfinancialstatementsand,acordingly,donot expresanopinionoranyotherformofasuranceonthem.
FISKEUNIONFIREDISTRICT ASOFANDFORTHEYEARENDEDECEMBER31,196 GENERALPURPOSEFINANCIALSTATEMENTS TABLE-OFCONTENTS NTRODUCTORYSECTION TableofContents TitlePage FINANCIALSECTION EXHIBIT PAGE TransmitalLeter Afidavit GeneralPurposeFinancialStateme BalanceShet-AlFundTypes andacountgroups StatementofRevenues,Expenditures A andchangesinfundbalances- AlFundTypes StatementofRevenues,Expenditures andchangesinfundbalances- Budget(GAPBasis)and Actual-AlFundTypes C GovernmentalFunds: StatementofReceiptșExpenditures andchangesinfundbalance StatementofReceipt.,;andExpenditures- BudgetandActual D-2 10
FISKEUNIONFIREDISTRICT ASOFANDFORTHEYEARENDEDECEMBER31,196 GENERALPURPOSE!FINANCIALSTATEMENTS TABLEOFCONTENTS SpecialRevenueFund StatementofReceiptșExpenditures andchangesinfundbalance StatementofReceiptsandExpenditures- E-1 1 BudgetandActual NotestotheFinancialStatements E-2 12 13-2-
Enclosure FISKEUNIONFIREDISTRICT OakGrove,Louisiana TRANSMI-I'ALET]'ER ANUALGENERALPURPOSEFINANCIALSTATEMENTS May05,197 OficeoftheLegislativeAuditor Atention:Ms.DorothyMilner PostOficeBox94397 16(30NorthThirdStret BatonRouge,Louisiana70804-9397 DearMs.Milner anualfinancialstatementsforthefiskeunionfiredistrictasofandforthe InacordancewithLouisianaRevisedStatute24:514,enclosedarethe yearendeddecember31,196.thereportincludesalfundsunder thecontrolandoversightofthefiredistrict.theacompanyingfinancialstatementshavebenpreparedinacordancewithgeneralyacepted acountingprinciples. Sincerely -3-
FISKEUNIONFIREDISTRICT ALFUNDTYPESANDACOIJNTGROUPS OakGrove.Louisiana I)ECEMBER31,196 BalanceShet GOVERNMENTAL FUN[)TYPE GENERAL FUND REVENUE SPECIAL FUN[.) CURENTASETS Cashand(;ashEquivalents Receivables DueFromOtherFunds $1,6 TOTALCURENTASETS $1,6 3.31 $9,745.6 0.0 13,386.0 3.31 $23,131.6 0.0 PROPERTYANDEQUIPMENT Buildings Equipment $0.0 AsetsunderCapitalLease $0.00.0 TOTALPROPERTYandEQUIPMENT AmountobeProvidedforLease-Purchase $0.0 $0.0 ().0 Payment TOTALAMOUNTOBEPROVIDED $0.0 ~_0.0 $0.O0 $1,613.31 $23,131.6
StatementA GROUPS ACOUNT GENERAL ASETS FIXED LONG-TERM GENERAl. DEBT (MEMORANDUM TOTAL ONLY) $0.0 $0.0 $0.0 0._0 $1,358.97 13,386.0 $0.0 $24,74.97 0.0 $12,0.60 20,989.67 $0.0 $7,089.67 10.0 $12,0.0 20,989.67 $0.0 $7,089.67 4,10.0 ~0.0 $0.0 $9,978.7 39,978.7 $8,378.42 $7,089.67 $9,978.7 $10,213.06 (CONTINUED) Theacompanyingnotesareanintegralpartofthistatement -5-
FISKEUNIONFIREDISTRICT OakGrove,Louisiana FortheYearEndedDecember31,196 NotestotheFinancialStatements b.thepotentialfortheorganizationtoprovidespecificfinancial benefitstorimposespecificfinancialburdensonthepolicejury 2Organizatonsforwhichthepolicejurydoesnotapointavotingmajority butarefiscalydependentonthepolicejury. 3.Organizationsforwhichthereportingentity'sfinancialstatementswould bemisleadingifdataoftheorganizationisnotincludedbecauseofthe natureofsignificanceoftherelationship. thedistrictwasdeterminedtobeacomponentunitofthewestcarolparishpolice Jury,tl~efinancialreportingentity.Theacompanyingfinancialstatementspresent BecausetheFiskeUnionFireDistrictisfiscalydependentonthepolicejury, informationonlyonthefundsmaintainedbythedistrictandonotpresentinformationonthepolicejury,thegeneralgovernmentservicesprovidedbythatgovernmentalunit,ortheothergovernmentalunitsthatcomprisethefinancialreporting entity Ċ.FUNDACOUNTING andtheresultsofitsoperations.fundacountingisdesignedtodemonstratelegal Thedistrictusesfundsandacountgroupstoreportonitsfinancialposition complianceandtoaidfinancialmanagementbysegregatingtransactionsrelatingto certaingovernmentfunctionsoractivities. theotherhand,anacountgroupisafinancialreportingdevicedesignedtoprovide Afundisaseparateacountingentitywithaself-balancingsetofacounts.On acountabilityforcertainasetsandliabilitiesthatarenotrecoredinthefunds becausetheydonotdirectlyafectnetexpendableavailablefinancialresources. acountforthedistrict'sgeneralactivities,includingthecolectionandisbursement Fundsofthedistrictareclasifiedasgovernmentalfunds.Governmentalfunds -14-
EXHIBITE-1 StatementofRevenues,ExpendituresandChangesinFundBalances FISKEUNIONFIREDISTRICT FortheYearEndedDecember31,196 SpecialRevenueFund REVENUES AsesmentFes TOTALREVENUES $17,515.0 EXPENDITURES: $17,515.0 Repair.,; AnualReport Acounting $984.21 30.0 Miscelaneous Ofice 450.0 Fuel 173.81 CapitalOutlay 64.0 Utilities 839.46 90.48 Suplies CapitalLease 29.21 9,97,7_-/[ 168.45 TOTALEXPENDITURES; $13,27-(=3_9 EXCESOFRE!VENUESOVEREXPENDI'I'URES $4,237.61 FUND13ALANCE"ATBEGININGOFYEAR FUNDBALANCE"ATHENDOFYEAR $18,894.0_5 $23,131.6 THEACOMPANYINGNOTESAREANINTEGRALPARTOFTHISTATEMENT -1-
EXHIBITB CembinedStatemenlofRevenues,ExpendituresandChangesinFundBalance FISKEUNIONFIREDISTRICT FortheYearEndedDecember31,196 AlFundTypes REVENUES: 2%FireInsuranceRebate-196 Contributions Asesments $3,14.02 TOTALREVENUES 17,515.0 950.0 EXPENDITURES: $21,579.02 Repairs Suplies Insurance $1,464.94 Utilities 1,138.0 168.45 OficeI-xpense Fuel 1,517.80 574.51 Miscelaneous CapitalOutlay 405.8 Acounting LeasePayments 1,539.71 9,97.7 516.15 TOTALEXPENDITURES 75Q.0 EXCESOFREVENUESOVEREXPENDITURES $18,053,13 FUNDBALANCEATBEGININGOFYEAR $3,525.89 $21,219.08 FUNDBALANCEATHENDOFYEAR $24,74.97 THEACOMPANYINGNOTESAREANINTPGRALPARTOFTHISTATEMENT -7-
StatementA GROUPS ACOUNT GENERAL ASETS FIXED LONG-TERM GENERAL DEBT (MEMORANDUM TOTAL ONLY) $0.0 0.0 9,978.7 $0.0 $0.0 0.0 9,978.7 0.0 $0.0 $9,978.7 $9,978.7 $7,089.67 0.0 $0.0 0.0 $7,089.67 $23,131.6 $1,613.31 ~_~89.67 ~0.0 $101,834.64 $7,089.67 $9,978.7 $1,813.41 (CONCLUDED) Theacompanyingnotesareanintegralpartofthistatement. -6-
FISKEUNIONFIREDISTRICT OakGrove,Louisiana DECEMBER31,196 BalanceShet GOVERNMENTAL FUNDTYPE GENERAL SPECIAL FUND REVENUE FUND LIABILITIES: LIABILITIESANDFUNDEQUI'I'Y DuetoGeneralFund CapitalLease-Purchase CapitalLeasePayment $0.0O.O0 $0.0! 0.0 0.01 _o.o0_ TOTALIABILITIES $0.0 FundEquity: Investmentingeneralfixedasets FundBalance-Unreserved-undesignated $0.0 FundBalance-Designated $1,613.31 0.0 TotalFundFquity TOTALIABILITIESANDFUN[}EQUITY $1,613.31 1~613.31 $23,!31.6 $23,131.6
FISKEUNIONFIREDISTRICT OakGrove,Louisiana FortheYearEndedDecember31.196 NotestotheFinancialStatements ofward4intheparishofwestcarol.thisentityoperatesindependentofanyother Thislegalentitywasestablishedtoprovidefireprotectionforthepoliticalsubdivision parishgoverningbody,butfunctionsunderguidelinesetforthbythewestcarol ParishPoliceJury.Almembersoftheboardservewithnocompensation. 1.SUMARYOFSIGNIFICANTACOUNTINGPOLICIES A.BASISOFPRESENTATION Distric.thavebenpreparedinconformitywithgeneralyaceptedacountingprinciples TheacompanyingeneralpurposefinancialstatementsoftheFiskeUnionFire (GAP)asapliedtogovernmentalunits.TheGovernmentalAcountingStandards acountingandfinancialreportingprinciples. Board(GASB)istheaceptedstandard-setingbodyforestablishingovernmental B.REPORTINGENTITY ParishPoliceJuryisthefinancialreportingentityforWestCarolParish.The Asthegoverningauthorityoftheparish,foreportingpurposes,theWestCarol financialreportingentityconsistof(a)theprimarygovernment(policejury), (b)organizationsforwhichtheprimarygovernrnentisfinancialyacountable,and (c)otherorganizationsforwhichnatureandsignificanceoftheirelationshipwiththe primarygovernmentaresuchthatexclusionwouldcausethereportingentity'sfinancial statementstobemisleadingorincomplete.governmentalacountingstandardsboard StatementNo.14establishedcriteriafordeterminingwhichcomponentunitshouldbe consideredpartofthewestcarolparishpolicejuryforfinancialreportingpurposes. Thebasicriterionforincludingapotentialcomponentunitwithinthereportingentity isfinancialacountability.thegasbhasetforthcriteriatobeconsideredin determiningfinancialacountability.thiscriteriaincludes: 1.,Apointingavotingmajorityofanorganization'sgoverningbody,and a.theabilityofthepolicejurytoimposeitswilonthatorganizationand/or -13-
StatementofRevenues,ExpendituresandChangesinFundBalances FISKEUNIONFIR[-_-DISTRICT EXHIBITD-2 Budget(GAPBasis)andActual FortheYearEndedDecember31,196 GeneralFund Budgetas Favorable Variance REVENUES able) 2%FireInsuranceRebate OtherIncome $3,10.0 1,0.0 $3,14.02 950.0 TOTALREVENUES ~50.0J $14.02 EXPENDITURES $4,10.0 $4,064.02 ($35.98) OficeFxpense EquipmentRepair $475.0 Miscelaneous Utilities; 50.0 $48O.73 Fuel 1,20.0 30.0 1,28.59 510.51 CapitalOutlay 350.0 315.32 (10.51) (5.73) Insurance 1,150.0 70.0 342.34 (8.69) (15.32)!,138.0 70.25 (0.25) 7.6 "I2.Q.Q TOTALEXPENDITURES $4,675.0 ~$4_,75.74 L~IO.Z~ EXCESOFREiVENUESOVER FUNDBALANCEATBEGININGOF EXPENDITURE!S ($575.0) ($71.72).-($136.72) FUNDBALANCFATHENDOFYEAR ~2,325.03 $1,750.03 $2,325.03 $1,613.31 THEACOMPANYINGNOTESAREANINTEGRALPARTOFTHISTATEMENT -10-