N O R TIIE A ST E C O N O M IC D E V E L O PM E N T D ISTR IC T C O M PILE D FIN A N C IA L ST A T E M EN T S D E C E M BE R 31,1999 Underprovisions ofst~,te law docum ent. A colby oft',= :,-, the entity and ~:~ ':r., ;. reportis aw di~i;;,,~.~ri:":'-~i Rouge office oflh.:i.~!~i::~, ~ appropriate,atthe ofice o~t~ hit reportis ReleaseDate.(~_Z-O_~-('~ T E R R Y R.H A L L & C O. C ertified P ublic A ccountants
N O R TllEA ST ECO N O M IC D EV ELO PM ENT D ISTR ICT FIN AN CIA L STA TEM EN TS 1999 TA BLE O F C O N TEN TS A ccountant's R eport IndependentA ccountant'sreport G eneralpurpose FinancialStatem ents Balance Sheets -A llfund Typesand A ccountg roups Statem entof Revenues,,Expendituresand C hanges in Fund Balances Supplem entalinform ation Schedule of Fixed A ssets A ffidavitand Revenue Certification 5-6 7
T erry R.ltali& C o.,l L C A C orporation of C ertified P ublic A ccountants 4919 Jam estow n A ve.,suite 204 Baton R ouge,louisiana 70808 [2251927-1884 IND EPEN D EN T A C C O U N TA N T 'S R EPO R T N ortheasteconom ic D evelopm entd istrict Lake Providence.Louisiana W e have com piled tile accom panying balance sheet of N ortheast Econom ic D evelopm ent D istrict as of 1)ecem bcr31,1999,and the related statem entof revenue,expendituresand changesin fund balancesforthe ),earthen ended,and the accolnpanying supplem entary inform ation,which ispresented only forsupplem entary analysispurposes,in accordauce w ith Statem entson StandardsforA ccounting and Review Servicesissued by tile A m erican Institute of Certified Public A ccountants. A com pilation is lim iled to presenting in the form of financial statem ents and supplem entary schedules, inform ation thatisthe representation of the m anagem ent.w e have notaudited orreview ed the accom panying financialstatem ents and supplem entary schedules and,accordingly,do notexpress an opinion orany other ti)rm of assurance on them. M anagem enthaselected to om itsubstantially allof the disclosuresrequired by generally accepted accounting principles.if the om itted disclosuresw ere included in the financialstatem ents,they m ightinfluence the user's conclusions aboutthe com pany's financialposition and results of operations. A ccordingly,these financial stalenlen s are uotdesig lcd for those w ho are uotinfornled aboutsuch m atters. c A ccountants Baton Rouge,Louisiana June 29,2000
NO RTHEAST ECO NOM IC DEVELO PM ENT DIS IRIC r A LL FUND TYPES A ND A CCO UNT G RO UPS BALANCE SHEET AS O F DECEM BER 31.1999 ASSETS G O V ER N M ENTA L FU N DS CAPITAL G ENERAL PROJECTS _ FUND FUND ACCO UNT G RO UP G ENERAL TOTAL FIXED (MEMORANDUM _.L~ --E,.9_. ONLY) Cash Due from generalfund Fixed asets 1,562 3.608 726.701 1,562 3,608 726.701 TotalA ssets 1.562 3.608 726.701 731.871 LIABILITIESJ~LQ Liabilities: Accrued expenses Due to capitalprojectsfund 700 3.608 700 3.608 TotalLiabilities 4.308 4.308 Equity and O therc redits: Investm entin generalfixed assets Fund balances, unreserved and undesignated TotalEquity,and OtherCredits TotalLiabilities,Equity and othercredits (2,746) 3,608 726,701 727,563 (2,746) 3,608 726.701 727.563 1.562 3.608 726.701 731.871 See independentaccountants'com pilation report 2
NO RTHEAST ECO NO M IC DEVELO PM ENT DISTRICT G OVER NM ENTAL FUNDS STATEM ENT O F REVENUES,EXPEN DITURES A ND C HANG ES IN FUND BA LA NC ES FO R THE"YEAR ENDED DEC EM BER 31.1999 CAPITAl_ TO TAL GENERAL PROJECTS (MEMORANDUM FU N D _ F _ U~. ONLY) REVEN UES: State Appropialions RentIncom e Cash contributions TO TA L REVEN UES EXPENDITUR ES O perating expenses Capitaloutlay TO TA L EXPEN D ITU R ES $14,142 14.142 11,729 11,729 14.142 14.142 11.729 11.729 EXCESS (DEFICIENCY)OF REVENUES OVER (UNDER)EXPENDITURES 2,413 2.413 FUND BALANCES AT BEGINNING OF YEAR (5,159) 3,606 (1,551) FUND BALANCES AT END OF YEAR ($2,746) $3,608 $862 See independentaccountants'com pilation repor 3
SU P PL E M E N T A l. IN F O R M A T IO N TE R R Y R.H A L L & C O. C ertified Public A ccountants
NORTHEAST ECONOM IC DEVELOPM ENT DISTRICT SCHEDULE OF FIXED ASSETS SUPPLEM ENTARY INFORMATIO N AS O F DECEM BER 31,1999 I] F~ (~I~IPT IE}N [)ate Costs at 12-31-96 Additions For Costsat BUILDING Construction-In-Progress 11-30-96 12-.31-97 692102 692102 FURNITURE ITEM S 1Executive Desk(Brown) 1ExecutiveChair(Navy) 1GuestChair(Navy) 2 ComputerDesk(13lack/Grey 1Executive Desk(Grey) 1Credenza (Grey) 1 Exec.Bookshelve 1Bookshelve (9Tey) 2 Side File Cabinets 1 End Table 1 Sofa Table 49 Conference Cbairs(Grey) 17 Conterence Chairs(stripe) 4 Folding Tables 1Podium 1 FloorLam p 3 G rey SwivalCharis 1W riting Desk 1Transcriber,S,~nyo 1PaperShredder,FeLIowes 12 G lobe Round Tables 12 G lobe Round Tables 10 Globe Round Tables 250 Folding G rey Chairs 1 Executive Desk -W alnutfinish 1 C,redenza -W alnulfinish 1 Executive Chair-G ray 4 GuestChairs -Navy 10 Arm Chairs -G ray 1 Executive Desk -M ahogany 1Credenza -M ahogany 1 Executive Chair-Navy 4 G uestcha)rs -Navy 14 Dr.LegalSize File Tables 1 Conference lable 1High Back SwivelChair 1 Garm entrack 2 SecretarialDesk 1 LateralFile -M ahogany 1SuperSteno Chair-Gray 1PocketRack 1Living Room Set 1 Cherry TabIe 1 CryarLam p 12-06-95 12-06-95 12-15-95 01-29-96 02-05-96 02-18-98 02-18-98 03-10-98 02-27-98 04-07-96 03-19-98 08-01-98 07-08-98 07-08-98 07-27-98 07-27-98 07-27-98 589 319 210 180 399 449 469 89 654 199 259 735 288 2OO 169 65 270 215 270 216 428 505 702 4317 474 479 186 557 497 798 1575 334 1030 164 257 621 215 200 1154 503 183 422 738 95 42 589 319 210 180 399 449 469 89 654 199 259 735 288 2O0 169 65 27O 215 270 216 428 505 7O2 4317 474 479 186 557 497 798 1575 334 1030 164 257 621 215 2OO 1154 503 183 422 738 95 42 Tota 22,720 22220 See independentaccountant's com pilation report
NO RTHEAST ECO NO M IC DEVELO PM ENT DISTRIC~ SCHEDULE O F FIXED ASSETS SUPPLEM ENTARY INFO RM ATIO N AS O F DECEM BER 31.1999 Date Costs at 12-3% 98 Additions For.12=~ L-. -99 Costs at 12-31-99 EQ UIPM ENT 1Fax m achine 4 telephones 1Dicla-phone 1 Calculator 1 Electric Shar,oener 1Black board 2 LA/US Flags 1Com putertable 1Public Adress System 1 Refrigerator 1BobcatCom puter166m Hz 1 Sharp M icrowave O ven 1 ITISim on Security System 1KodakSlideProjector& Lens 12-06-95 11-01-95 02-06-96 11-01-95 06-01-95 12-15-95 04-10-96 03-05-96 03-06-98 02-16-96 02-27-96 03-18-98 249 270 279 40 13 16 333 196 3113 994 1475 151 372 617 Tota 8.118 8,118 M ISCELLANEO US ITEM S 1-Flowers 1-Blue/Rose 1-Grey/Gold 1-Blue Irg.gold fram e 2 shortplants 4 ta ltrees 2 talltrees 2 ta ltrees 1 Flowerarrangem ent 1 Flow erarrangem ent Otherurilisted assets 1Picture Fram e,22 x 22 1 Picture Fram e,18 x 24 1 Sign 3 Awnings 01-16-96 01-16-96 04-06-98 04-06-98 7g 179 119 199 80 241 200 128 40 29 446 79 44 698 1200 79 179 119 199 80 241 200 128 40 29 446 79 44 698 1200 Total TotalFurniture and Equipm ent TotalFixed Assets 3,761 3,761 34,599 34,599 _. $726,701 _, ~726L701 See independentaccountant's com pilation report
A ffidavitand Revenue C ertification NTI[Y NA M E A N N UA L SW O RN FINA NCIA L STATEM ENTS A ND CERTIFICATION OF REVENUES $50,000 OR LESS (ifapplicable) The annualsw orn financialstatem ents are required by Louisiana Revised Statute 24:514 to be filed w ith the Legislative Auditorw ithin 90 days afterthe close ofthe fiscalyear. Ifapplicable, the certification ofrevenues$50,000 orless is required by Louisiana Revised Statute 24:513(1)(1)(c)(i). Persona ly cam e and appeared before the undersigned authority (nam e),who,duly sworn,deposes a statem ents herew ith given presentfairly the financialposition of.(entityname)asof~,~.,.,.~2e.zz.~ operations fortl~e yearthen ended,in accordance w ith the basis ofaccounting described w ithin the accom panying financialstatem ents. 2- notrequired to have an auditforthe previously m en Sw orn to and subscri 20oh. O fficernam e Title Address Telephone N o S ee independentaccountant's com pilation report