DONOT~"ENDOUT FILECOPY OFICIAL ~Y.t,oxlt~ce~q~Ty c,opic~fe.~nth~s OopyandPtACE 13ACKi~FIRE) FinancialReport TereboneParishRecreationDistrictNọ1 Schriever,Louisiana December31, 198 Underprovisionsofstatelaw,this repot[isapubl}cdocument.a copyofthereporthasbensubmittediotheaudited,oreviewed, entityandother~.propr;atepublic ofici:4.s.th-~re4)crf):~:,~,~i)ab!afor ROLI~OC:;i,.':~:Oi,.I,';i_.t.:i">la(iveAu,c~,ilO;Li~(~V.']~.;(~!)i:'!;i~2()i'i,3,~t%~4~'(i]e olfic,:~!~c'l;:s:rj~:i',~d,:ofcourt. 9o%-o~/y
TABLEOFCONTENTS TereboncParishRecreationDistrictNo.1 December31,198 Ntlmbcr Page IntroductorySection TitlePage FableofContcnts FinancialSection IndependentAudilor'sReport CombinedBalanceShet-GovernmentalFundTypeandAcountGroupA 2 StatcmcmofRevenues,ExpendituresandChangesinFundBalance- BudgetandActual-GovernmentalFundType-General:und I3 NolestoFinancialStatements C 4-1 3 SpecialReportsOfCertifiedPublicAcountants ReportonComplianceandonInternalControlOverFinancialReporting BasedonanAuditofGeneral-PurposeFinancialStatements PerformedinAcordancewithGovernmentAuditin~Standards 12-13 ScheduleofFindings 14 RcporlsByManagement ScheduleofPriorYearFindings 15 Managcmcnt'sCorectiveActionPlan 16
BourgeoisBenet PENDENTAUDITOR'SREPOR TotheBoardofComisioners, TereboneParishRecreationDistrictNo.l, Schricver,I,ouisiana. ParishRecreationDistrictNo.l,(tileDistrict),acomponentunitoftheTcreboneParish Wehaveatldiledtheacompanyingeneral-purposefinancialstatementsof"l'crcbonc ConsolidatedGovernment,StaleofLouisiana,asofandfortileyearendedDecember31,198,as listedinthetableofcontents.thesegeneral-purposefnancialstatementsaretheresponsibilityofthe District'smanagement.Ouresponsibilityistoexpresanopiniononthesegeneral-purposefinancial statementsbasedonouraudit. standardsaplicabletofinancialauditscontainedingovernmentauditingstandard,~sisuedbytile Weconductedourauditinacordancewithgeneralyaceptedauditingstandardsandthe ComptrolerGeneraloftheUnitedStates.Thosestandardsrequirethatweplanandperformtheaudit tobtainreasonableasuranceaboutwhetherthefinancialstatementsarefreofmaterialmistatement.anauditinch desexamining,onatestbasis,evidencesuportingtheamountsandisclosures inlhefinancialstatements.anauditalsoincludesasesinglheacountingprinciplesusedand significantestimatesmadebymanagement,aswelasevaluatingtileoveralfinancialstatement presentation.webelievethatourauditprovidesareasonablebasisforouropinion. almaterialrespects,thefinancialpositionofthetereboneparishrecreationdistrictno.lasof Inouropiuion,thegencral-purposcfinancialstatcmenlsreferedtoaboveprcscntfairly,in l)cmber31,198,andtheresulsofitsoperalionsforlheyearthenel~dedinconformjlywilh gcneralyaceptedacountingprinciples. January25,19onourconsiderationoftheTereboneParishRecreationDistrictNo.l'sinternal InacordancewithGovernmentAuditingStandards,wehavealsoisuedoureportdated controloverfinancialreportingandourtestsofitscompliancewithcertainprovisionsoflaws, regulations,contractsandgrants CertifiedPublicAcountants. I]ounla,La., 340Wesl'1ulmelBird,Suite43O January25,19 'O.Box2168 Ioulna,LA70361-2168 'hone(504)g6g-0139 CertifiedPublic :a~(504)879-1949 AI,imitedI,iabililyCoinpunyP.O.Box6060 AcountantsIConsultants NewOdeal~s,LA7016060 Iclilagel'laz~,guile80 Phone(504)831-4949 50,1'~l,'es~Sco.dSIleCl Fax(504)839093 P.OBox1205 "1hil,oclaux,I,A70302-1205 Pholte(504)47-5243
COMBINEDBALANCESItET- GOVERNMENTALFUNDTYPEANDACOUNTGROUP TereboneParishRecreationDistrictNo.1 Asets Cash luvestlen s Recivables-taxes Duefiomothergovernmentalunits Fixedasets I.iabilities Acoumspayableand acruedcxpcnditures 1)uctoTereboneParish ConsolidatedGovernment EquityandOtherCredits Investmentinfixedasets Fundbalance-unreserved December31,198 Governmental FtmdType General 34,46 92,537 24,285 81,385 $32,653 $4,84 256 5,10 327,53 Totalequityandothercredits 327,53 Totaliabilities,equityand othercredits $32,653 Senotestofinancialstatements Acount Group General Fixed Asets 61,964 $61,964 $61,964 61,964 $61,964 ExhibitA Total (Menmrandun~ Only) $94,617 $4,84 256 5,10 61,964 327,53 989,517 $94,617
STATEMENTOFREVENUES,EXPENDITURESANDCItANGES INFUNDBALANCE-BUDGETANDACTUAl,- GOVERNMENTALFUNDTYPE-GENERALFUND TereboneParishRecreationDistrictNo.! ReveleS "['axes lntergovernmenta]: Slateof'Louisiana: Staterevenuesharing Chargesforservices Miscelaneous: lnteresl Othm Totalrevenues Expenditures Curent: GeneralGovernment FortheyearendedDecember31,198 Advalolemtaxadjustment Advaloremtaxdeductions Totalgeneralgovernment CultureandRecrealion Personalservices Supliesandmaterials Otherservicesandcharges Repailsandmaintenance Capitalexpenditures Totalcultmeandrecreation Totalexpenditures Budget Actual Variance Favorable (Unfavorable) $194,567$194,567$ 20,0 3,50 7,8959 26,025 4,864 5,837 10,701 37,134 3,582 29,72 16,80 48,984 136,302 147,03 26,73 3,0 6,73 (50) 8,073 174 59 232,432 642 5,745 6,387 35,913 3,824 29,890 18,695 41,764 130,086 136,473 6,407 4,292 4,314 1,21 (242) (168) 0,815) 7,20 6,216 10,530 ExcesofRevenuesoverExpenditures 79,02 95,959$16,937 FundBalance Beginingofyear Endofyear Senotestofinancialstatements 231,594 $327,53
ExhibitC NOTESTOFINANCIALSTATEMENTS TereboneParishRecreationDistrictNo.I December31,198 NoteI-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES TheacountingpoliciesoftheTereboneParishRecreationDistrictNo.1(theDistrict) conformtogeneralyaceptedacountingprinciples(gap)asapliedtogovcrmnental units,rl'hegovernmentalacountingstandardsboard(gasb)istheaceptedstandardsetingbodyforestablishingovernmentalacountingandfinancialreportingprinciples."l'he folowingisasumaryofsignificantacountingpolicies: a)reportingentity TheDistrictisacomponentunitoftheTereboneParishConsolidatedGovernment(the Parish)andasuch,thesefinancialstatementswilbeincludedinthecomprehensive anualfinancialreport(cafr)oftheparishfortheyearendeddecember31,198. TheDistricthasreviewedalofitsactivitiesandeterminedthatherearenopolentia componentunitswhichshouldbeincludedinitsfinancialstatements. b)fundacounting TheDistrictusesfundsandacountgroupstoreportonitsfinancialpositionandthe resultsofitsoperations.fundacountingisdesignedtodemonstratelegalcompliance andtoaidfinancialmanagementbysegregatingtransactionsrelatedtocertain [,overnmentfunctionsoractivities. Afiredisaseparateacountingentitywithaself-balancingsetofacounts.Anacount group,ontheotherhand,isafinancialreportingdevicedesignedtoprovide acountabilityforcertainasetsandliabilitiesthatarenotrecordedinthefundsbecause theydonotdirectlyafectnetexpendableavailablefinancialresources.
(Continued) Exhibi C Note1-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(Continued) b)fundacolmting(continued) GovernmentalFunds GovernmentalFundsarethosethroughwhichthegovernmentalfunctionsofthe Districtarefinanced.Theacquisition,useandbalancesoftheDistrict'sexpendable Funds.Themeasurementfocusisupondeterminationofchangesinfinancial financialresourcesandtherelatedliabilitiesareacountedforthroughgovernmental position,ratherthanuponetincomedetermination.thefolowingisthegovernmentalfundofthedistrict: GeneralFund-TheGcneralFundistimgcncraloperatingfiredoftheDistrict. Itisusedtoacountforalfinancialresourcescxcepthosethatarcrcquircdtobc aecountedforinanotherfund. AcountGroup Anacountgroupisusedtoestablishacountingcontrolandacountability.The District'sAcountGroupisasfolows: GeneralFixedAselsAcountGroup-Thisacountgroupisusedtoacount forfixedasetsnotacountedforinproprietaryortrustfunds. e)basisofacounting Basisofacountingreferstowhenrevenuesandexpendituresarerecognizedinthe acountsandreportedinthefinancialstatements.basisofacountingrelatestolhc timingof/hemeasurementsmade,regardlesofthemeasurcmcntfocusaplieḍ AlGovernmentalFundsarcacountedforusingthemodifiedacrualbasisof acounting."l'heirevenuesarcrecognizedwhentheybecomemeasnrableandavailable asnetcurentasets.advaloremtaxesandtherelatedstaterevenuesharing (Intergovernme,ltalrevenue)areconsidered"measurable"athetimeoflevy.Charges forservicesarcrecordedwhenearnedsincetheyarcmeasurableandavailable.miscellaneousrevenuesarerecordedasrevenueswhenreceivedincashbythel)istrictbecause theyarcgeneralynotmeasurableuntilactualyreceived.
ExhibitC NoteI-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(Continued) c)basisofacounting(continued) Fmpenditurcsaregeneralyrecognizedunderthemodifiedacrualbasisofacontiug whentherelatedfundliabilityisincured. d)useofestimates Thepreparationofinancialstatementsinconformitywithgeneralyaceptedacounting principlesrequiresmauagcnmntomakestimatesandasumptionsthatafectcertain rcporledamountsandisclosures.acordingly,actualresultscouldiferfi'omthose estimates. c)operatingbudgetarydata Asrequiredbythel.ouisianaRevisedStatutes39:1303,theBoardofComisioners(the Board)adoptedabudgetfortheDistrict'sGeneralFund.TheBoard,asalowcdbystatc law,doesnotoblainpublicparticipationinthebudgetproces.anyamendment involvingthetransferofmoniesfiomonefunctiontoanotherorincreasesinexpenditures mustbeaprovedbytheboard.thedistrictamendeditsbudgetonceduringtheyear. Albudgetedamountswhicharenotexpended,orobligatedthroughcontracts,lapseat yearend. TheGeneralFundbudgetisadoptedonabasismaterialyconsistentwithgcncraly aceptedacountingprinciples. f)acountsreceivable ThefinancialstatementsfortheDistrictcontainoalowanceforuncolectibleacounts. Uncolectibleamountsdueforadvaloremtaxesandothereceivablesarerecognizedas baddebtsathetimeinformationbecomesavailablewhichwouldindicatethe uncolectibilityoftheparticulareceivable,theseamountsarcnotconsideredtobe materialinrelationtothefinancialpositionoroperationsofthefunds. g)investments Investmentsconsistofcertificatesofdepositwhicharcstatedatcostandaproximates marketvalue.
(Continued) ExhibitC NoteI-SUMMARYOFSIGNIFICANTACOUNTINGPOLICIES(Continued) h)fixedasets Fixedasetsusedingovernmentalfundtypeoperations(fixedasets)areacountedfor inthegeneralfixedasetsacountgroup,ratherthaningovernmentalfunds.the AcountGroupisnotafund.Itisconcernedonlywiththemeasurementofinancial Itisnotinvolvedwiththemeasurementofresultsofoperations.Publicdomain ("infrastructure")fixedasetsconsistingofcertainimprovementsotherthanbuildings, includingroads,bridges,curbsandguters,stretsandsidewalks,drainagesystem,and lightingsystems,arenotcapitalizedalongwithotherfixedasets.nodepreciationhas benprovidedonfixedasets. Alfixedasetsarevaluedathistoricalcostorestimatedhistoricalcostifactualhistorical costisnotavailable.donatedfixedasetsarevaluedatheirestimatedfairvalueonthe datedonated.fixedaselswithanestimatedhistoricalcostamounledtoaproximately Sg,10~r1.2%ofthetotalGeneralFixedAsetsAcountGroup. i)vacationandsickleave TheDistricthasnoful-timemployes.Thereisnoacumulatedunpaidvacationand sickleaveatl)ecember3l,198. j)encumbrances Encumbranceacounting,underwhichpurchaseorders,contractsandothercommitmentsarerecordedinthefundgeneraledgers,isnotutilizedbytheDistrict. k),memorandumonly-totalcolumn Thetotalcolumnonthegeneral-purposefinancialstatementiscaptioned"Memorandum Only"becauseitdoesnotrepresentconsolidatedfinancialinformationandispresented onlytofacilitatefinancialanalysis.thecohndoesnotpresentinformationthat reflectsfinancialpositionoresultsofoperationsinacordancewithgeneralyacepted acountingprinciples,lnlerfundeliminationshavenotbenmadeintheagrcgationof thisdata.
(Continued) ExhibiC Note2.-I)EPOSITS Louisianastatelawalowsalpoliticalsubdivisionstoinveslexcesfimdsinobligalionsof theuniledstales,certificalesofdepositofstateornationalbankshavingtheirprincipal oficeinljouisianaoranyotherfederalyinsuredinvestment. Statelawrequiresdeposits(cashandcertificatesofdeposit)ofalpoliticalsubdivisionsbc fulycolateralizcdataltimes.aceptablecolatcralizationincludeslhel:i)lcinsurance andthemarketvalueofsecuriliespurchasedandpledgedtothepoliticalsubdivision. ObligationoflheUnitedSlates,theStaleofLouisianandcertainpoliticalsubdivisionsarc alowedasecurityfordeposits.obligationsfurnishedascurilynmstbeheldbythe politicalsubdivisionorwithanunafiliatedbankortrusteolnpanyfortheacountofthe politicalsubdivision. Cashandepositsarecategorizedintothrecategoriesofcreditrisk Calegory1includesdepositscoveredbyfederaldepository,insuranceorbycolateral heldbythedistrictoritsagentinthedistrict'sname. Calegory2includesdepositscoveredbycolateralheldbythepledgingfinancia institution'strustdepartmentoritsagentinthedistrict'sname. Categol73includesdepositscoveredbycolateralhcldbythepledgingfinancial institutionoritstrustdcparlmeltoragentsbutnotinthedistricl'snameandeposits whicharcuninsuredoruncolateralizcd. Tbeyearendbankbalancesofdepositsandthecaryingamountsashownonlhcbalance shetareasfolows: BankBalances Category 2 Balance Bok Cash ]uvesiil'lcnts: $36,43 $34,46 Certificatesofdeposit 92,537 _92,537 Totals ~!26,983
ExhibitC Nole2-I)EPOSITS(Conlinued) Atl)cember31,198,cashandcertificatesofdepositinexcesoftheFI)ICinsurancewcrc colate,'alizedbysecuritiesheldbyalunafiliatedbankfortheacountofthedistricṭ"l'hc GovernlentalAcountingStandardsBoard(GASB),whichpromulgatesthestandardsfor acountingandfinancialreportingforstateandlocalgovernments,considc,sthcscsecurities uncolaleralized.evcnthoughthepledgedsecuritiesareconsidcreduncolateralizcdunder tileprovisionsofgasbstatement3,louisianarevisedstatute39:129imposcsastatutory requirementonthecustodialbanktoadvertiseandselthepledgedsecuritieswithin10(lays ofbeingnotifiedbythcdcpositorthathefiscalagenthasfailedtopaydepositedfimdsupon demand. Note3-PROPERTYTAXES PropertytaxesareleviedeachNovember1ontheasesedvaluelistedasoftheprior January1foralrcalproperly,merchandiseandmovablepropertylocatedinthel'arish. AsesedvaluesarestablishedbytheTercbonel'arishAsesor'sOficeandtheSlatc TaxComisionatpercentagesofactualvalueaspecifiedbyI~ouisianalaw.Arevaluationofalpropertyisrequiredtobecompletednolesthaneveryfou,ycars.ThelastrevaluationwascompletedforthelistofJanuary1,196.Taxesaredueandpayablcl)ecmbcr 31withinterestbcingchargedonpaymentsafterJanuaryI.Taxescanbcpaidthroughthe taxsalcdate,whichisthelastwednesdayinjune.propcrliesforwhichthetaxeshavenot benpaidaresoldfortheamountofthetaxes.thctaxratefortheyearended1)cmbcr31, 198was$7.0per$1,0ofasesedvaluationonpropertywithinRecreationDistrictNo. Iforthepurposeofconstrucfing,maintainingandoperatingrecreationalfaciliticswithinlhe l)islrict. Nole4-1)UEFROMOTitERGOVERNMENTALUNITS Amountsduefromothergovcrmnentalunitsatl)cember31,198consislcdofthe folowing: Stateofl.ouisiana-Statercvcnucsharing $17,82 l'ereboneparishtaxcolector-december,198 colectionsremitedtotiledistrictinjanuary,19: Advalorcmtaxes Tota 163.563 9 ~8J,385
(Continued) ExhibitC Note5-ClANGES1NFIXEDASETS Asumaryofchangesinfixedasetsfolows Balance January Balance J,198AditionsDeletions l)cmbcr 198 I.andandbuildings hnprovementsother $527,791 $40,012 $ $567,803 Machineryandequipment thanbuilding 1,23 Oficefimliture,fixtures 81,69 1,752 575 82,846 1,23 andequipmenl 10,092 10.092 Totals $~75 ~96A hnprovcmentstoabasebalfield,awalkingtrail,basketbalcourts,parkingarea,bathrom/ concesionfacilityandvoleybalcourts,werepaidthroughcomunitydevelopmentblock GrantsreceivedandadministeredbytheTereboneParishConsolidatedGovernment.The costoftheseimprovementsarenotincludedinthedistrict'sgeneralfixedasetsacount Group. Note6-COMPENSATIONOFBOARDMEMBERS TheDistrictdidnotpayperdielntoanyofitsl?,oardMembersfortimyearendedl)ecember 31,198. Note7-R.ISKMANAGEMENT TheDistrictisexposedtovariousrisksoflosrelatedtoworkerscompensation;torts;theft of,damagetoandestructionofasets;erorsandomisions;andnaturaldisastersforwhich thedistrictcariescomercialinsuranceandalsoparticipatesintimparish'sriskmanagementprogramforgeneraliabilityandworkerscompensation.nosetlementsweremade daringtheyearlhalexcededthedistrict'sinsurancecoverage.timl)istriclpaysmonthly premiumstotimparishforworkers'compensationbasedonafixedpercentageofpayrol. TheDistrict'spremiumsforgeneraliabilityisbasedonvariousfactorsuchasitsopera- 0
(Continued) ExhibilC Nole7-RISKMANAGEMENT(Continued) lionsandmaintenancebudget,exposureandclaimsexperience.thei'arishbandiesitsal claimsfiledagainsthedistrictrelatedtoworkers'compensationandgeneraliability.the Districtcouldhaveaditionalexposureforclaimsinexcesoftbel'arish'sinsurance contractsasdescribedbelow: Policy Coverage I,imits GeneralLiability Workers'Compensation $6,50,0 Statutory Coveragefoxclaimsinexcesoftheabovestatedlimitsaretobefundedfirstbyasetsnfthe Parish'sriskmanagementinternalservicefund,$87,017atDecember31,197,then secondlybythedistrict.ati)ecember31,198,thedistricthadnoclaimsinexcesofthe abovecoveragelimits.
SPECIALREPORTSOFCERTIFIEDPUBLICACOUNTANTS
BourgeoisBenet REPORTONCOMPLIANCEANDONINTERNALCON'I'ROLOVER RPOSEFINANCIALSTATEMENTSPERFORMEDINACORDANCE NCIALREPORTINGBASEDONANAUDITOFGENERAL- WITItGOVERNMENTAUDITINGSTANDARD TotheBoardofConunisioners, TereboncParishRecreationDistrictNo.1, Schriever,Louisiana. RecreationDistrictNo.1(theDistrict),acomponentunitoftheTercboneParishConsolidated Wehaveauditedthegeneral-purposefinancialstatementsoftheTereboneParish Governmcnl,asofandfortheyearendedDecember31,198,andhaveisuedoureporthereon datedjanuary25,19.weconductedourauditinacordancewithgeneralyaceptedauditing standardsandthestandardsaplicabletofinancialauditscontainedingovernmentauditing Standards,isuedbytheComptrolerGeneraloftheUnitedStates. Compliance financialslalemenlsarefreofmaterialmistatement,weperformedtestsofitscompliancewilh AspartofobtainingreasonableasuranceaboutwhethertheDistrict'sgeneral-purpose certainprovisionsoflaws,regulations,contractsandgrants,noncompliancewithwhichcouldhave adirectandmaterialefectonthedeterminationofinancialstatementamounts.however,providing anopiniononcompliancewiththoseprovisionswasnotanobjectiveofourauditand,acordingly, wcdonotexpresuchanopinion.theresultsofourtestsdisclosednoinstancesofnoncompliance thatarerequiredtobereportedundergovernmentauditingstandards InternalControlOverFinancialReporting financialreportinginordertodetermineourauditingproceduresforthepurposeofexpresingour Inplaningandperformingouraudit,weconsideredtimDistrict'sintcrnalcontrolover opiniononthegeneral-purposefinancialstatementsandnotoprovideasuranceontheinternal controloverfinancialrepol/ing.ourconsiderationoftheinternalcontroloverfilmncialreporling wouldnotnecesarilydisclosealmatcrsintheinternalcontroloverfinancialreportingflintmight bematerialweakneses.amaterialweaknesisaconditioninwhichthedesignoropcralionofone 1340WestIulmclBird,Suite430 P.OBox2168 1]oul,a,IA70361-2168 P~lOlW~5{)~)868-0139 CertifiedPublic Yax(504)879-1949 ALimitedLiabilityCompany AcountanlsIConsultants P.O.Box6060 NewOrlemts,LA70160-060 IlerilagePlaza,Suite80 Pholte(504)831-4949 504WestSctomlSltel I'.O.Box1205 Fax(504)83-9093 "1hibodaux,1A70302-1205 Ploue(504)47-5243
ormoreoftheinternalcontrolcomponentsdoesnotreduceloarelativelylowlevelherisklhal mistatementsinamounts[liarwouldbematerialinrelationtothefinancialstatementsbeingaudited mayocurandnotbcdetectcdwithinatimelyperiodbyemployesinthenormalcourseof performingtheirasigncdfunctions.wenotednomatersinvolvingtheintcmalcontroloverfinancial rcporingandilsopcralionsthatweconsidertobematerialweakneses. StaleoflJouisianandtheLegislativeAuditorfortheSlateofLouisianandisnotintended1obeand ThisreportisintendedfortheinformationoftheBoardofComisiouers,management,the shouldnotbeusedbyanyoneolherthanthesespecifedparties. CertifiedPublicAcountants 1louma,l,a., Januaiy25,19
SCHEDULEOFINDINGS TereboneParishRecreationDistrictNo.1 FortheyearendedDecember31,198 SectionISamaryofAuditor'sResults a)financialstatements l'ypcofauditor'sreportisued:unqualified Internalcontroloverfnancialreporting ~Materialweaknes(es)identified? ~Report.ablecondilion(s)identifiedthatarenot yesxno consideredlobematcrialweakneses? yesxnonereportcd Noncompliancematerialtofinancialstatementsnoted?_ yesxno b)federalawards rl'creboneparishf.ecreationdistrictno.1didnolreceivefederalawardsduringihcyearended 1)ecember31,198. Section1FinancialStatementFindings Nofinancialstatemcntfindingswerenoteduringtheauditfortheyearended1)cmbcr31,198 SectionIFederalAwardFindingsandQuestionedCosts Notaplicable 14
REPORTSBYMANAGEMENT
SCItEDULEOFPRIORYEARFINDINGS TereboneParishRecreationDistrictNo.1 FortheyearendedDecember31,198 Section1InternalControlandComplianceMaterialtotileGeneral-purposeFinancial Statements InternalControl NomaterialweaknescswerereporteduringtheauditfortheyearendedDecmber31,197 NoreportableconditionswerereporteduringtheauditfortheyearendcdDecember31,197 Compliance Nocompliancefindingsmaterialtothegeneral-purposefinancialstatementswerenoteduring theauditfortheyearendeddecember31,197. Section1InternalControlandComplianceMaterialtoFederalAwards TereboneParishRecrcationDistrictNo.1didnotreceivefcderalawardsduringtheyearcnded I)eclnber31,197. Section1IManagementLeter Amanagementleterwasnotisuedinconectionwiththeauditfortheyearendedl)ecember3 197.
MANAGEMENT'SCORECTIVEACTIONPLAN TereboneParishRecreationDistrictNo.1 FortheyearendedDecember31,198 SectionInternalControlandComplianceMaterialtofileGeneral-purposeFinancial Statements lntcrnalcontrol NomalcrialweakneseswerenoteduringtheauditfortheyearendedDecember31,198. NoreportableconditionswerenoteduringtheauditfortheyearendedI)cmber3I,198 Compliance Nocompliancefindingsmaterialtothegeneral-purposefinancialstalementswerenoteduring theauditfortheyearendeddecember31,198. Section1InternalControlandComplianceMaterialtoFederalAwards TereboneParishRecreationDistrictNo.1didnotreceivefederalawardsduringlheyearended I)ecember31,198. Section1ManagementLeter Alnanagcment1~1crwasnotisuedinconectionwiththeauditfortheyearended1)ecmber31 198. 16