~VEAUDITOR 04JE-IPM12:19

Transkript

1 \, ~VEAUDITOR 04JE-IPM12:19 RUSTON,LOUISIANA FORTHEYEARENDEDECEMBER31,203 FINANCIALSTATEMENTS WITHSUPLEMENTALINFORMATIONSCHEDULES ReleaseDate_~~q-COL)

2 (PRIMARYGOVERNMENT) COMPONENTUNITFINANCIALSTATEMENTS RUSTON,LOUISIANA WITHSUPLEMENTALINFORMATIONSCHEDULES FORTHEYEARENDEDECEMBER31,203 IndependentAuditor'sReport, CONTENTS Page 1-2 Management'sDiscusionandAnalysi 3-1 GovernmentalActivities Government-WideFinancialStatements StatementofNet StatementofActiviti FundFinancialStatements: BalanceShet-Governmental ReconciliationofTotalGovernmentalFundBalancestoNetAsets StatementofRevenues,Expendituresand OfGovernmentalActivities 17 ReconciliationoftheStatementofRevenues,Expendituresandchangesin ChangesinFundBalance-GovementalF FundBalancesofGovernmentalFundstotheStatementofActivities O NotestoFinancialStatem BudgetaryComparisonSchedules GeneralFund RoadConstructionFund 38 LibraryFund SolidWasteDisposalF SolidWasteDisposalEquipmentFund HospitalProcedsFund LibraryConstructionF NonmajorSpecialRevenueFunds CombiningBalanceShet CombiningScheduleofRevenues,Expendituresand ChangesinFund StatementofFiduciaryNet 51

3 (PRIMARYGOVERNMENT) COMPONENTUNITFINANCIALSTATEMENTS RUSTON,LOUISIANA WITHSUPLEMENTALINFORMATIONSCHEDULES FORTHEYEARENDEDECEMBER31,203 NonmajorCapitalProjectsFunds CombiningBalanceShet CombiningScheduleofRevenues,Expendituresand ChangesinFundBalances CompensationPaidPoliceJurorsandFederaly AsistedPrograms ScheduleofCompensationPaidPoliceJurors ScheduleofFederalyAsistedProgramActivity, ReportonComplianceandonInternalControl overfinancialreportingbasedonanauditof FinancialStatementsPerformedinAcordancewith GovernmentAuditingStandards ReportonCompliancewithRequirementsAplicable toeachmajorprogramandinternalcontrolover ComplianceinAcordancewithOMBCircularA-13 ScheduleofFindingsandQuestioned

4 WILIAMR.HULSEY APROFESIONALACOUNTINGCORPORATION MEMBER 217FORSYTHEAVENUE AMERICIANINSTITUTEOF MONROE,LOUISIANA CERTIFIEDPUBLICACOUNTANTS SOCIETYOFLOUISIANA CERTIFIEDPUBLICACOUNTANTS LincolnParishPoliceJury Ruston,Louisiana INDEPENDENTAUDITOR'SREPORT MAILINGADRES EO,BOX253 MONROE,LOUISIANA71207 (318) FAX(318)362-92l Ihaveauditedtheacompanyingprimarygovernmentfinancialstatementsofthegovernmental activities,eachmajorfundandtheagregateremainingfundinformationofthelincolnparish PoliceJury(whichisthe"PoliceJury"aswelas"theprimarygovernment"),asofandfortheyear endeddecember31,203,whichcolectivelycomprisethebasicfinancialstatementspolicejury's primarygovernmentaslistedinthetableofcontents.thesefinancialstatementsarethe responsibilityoflincolnparishpolicejury'smanagement.myresponsibilityistoexpresan opiniononthesefinancialstatementsbasedonmyaudit. IconductedmyauditinacordancewithauditingstandardsgeneralyaceptedintheUnitedStates ofamericandthestandardsaplicabletofinancialauditscontainedingovernmentauditing Standards,isuedbytheComptrolerGeneraloftheUnitedStates.ThosestandardsrequirethatI planandperformtheauditobtainreasonableasuranceaboutwhetherthefinancialstatementsare freofmaterialmistatement.anauditincludesexamining,onatestbasis,evidencesuportingthe amountsandisclosuresinthefinancialstatements.anauditalsoincludesasesingtheacounting principlesusedandsignificantestimatesmadebymanagement,aswelasevaluatingtheoveral financialstatementpresentation.ibelievethatmyauditprovidesareasonablebasisformyopinion. ThefinancialstatementreferedtoaboveincludeonlytheprimarygovernmentofthePoliceJury, whichconsistsofalfunds,organizations,institutions,agencies,departments,andoficesthat comprisethepolicejury'slegalentity.thefinancialstatementsdonotincludefinancialdataforthe PoliceJury'slegalyseparatecomponentunits,withacountingprinciplesgeneralyaceptedinthe UnitedStatesofAmericarequiretobereportedwiththefinancialdataofthePoliceJury'sprimary government.asaresult,theprimarygovernmentfinancialstatementsdonotpurporto,andonot, presentfairlythefinancialpositionofthereportingentityofthepolicejuryasofdecember31, 203,andthechangesinitsfinancialpositionfortheyearthenendedinconformitywithacounting principlesgeneralyaceptedintheunitedstateofamerica. Inmyopinion,thefinancialstatementsreferedtoabovepresentfairly,inalmaterialrespects,the respectivefinancialpositionofthegovernmentalactivitieseachmajorfundandtheagregate remainingfundinformationfortheprimarygovernmentasofdecember31,203,andtherespective changesinfinancialpositionandcashflows,whereaplicable,thereofortheyearthenendedin conformitywithacountingprinciplesgeneralyaceptedintheunitedstatesofamerica. InacordancewithGovernmentAuditingStandards,IhavealsoisuedmyreportdatedMay20, 204onmyconsiderationofPoliceJury'sinternalcontroloverfinancialreportingandmytestsofits compliancewithcertainprovisionsoflaws,regulations,contractsandgrants.thatreportisan integralpartofanauditperformedinacordancewithgovernmentalauditingstandardsandshould bereadinconjunctionwiththisreportinconsideringtheresultsofouraudit.

5 AsdescribedinNote1,theDistricthasimplementedanewfinancialreportingmodel,asrequiredby theprovisionsofgasbstatementno.34,basicfinancialstatements-andmanagement's DiscusionandAnalysis-forStateandLocalGovernments,asofDecember31,203. Management'sdiscusionandanalysisandbudgetarycomparisoninformationonpages3throughl1 and38through43,arenotarequiredpartofthebasicfinancialstatementsbutaresuplementary informationrequiredbyacountingprinciplesgeneralyaceptedintheunitedslatesofamerica.i haveapliedcertainlimitedprocedures,whichconsistedprincipalyofinquiresofmanagement regardingthemethodsofmeasurementandpresentationofthesuplementaryinformation. However,Ididnotauditheinformationandexpresnopiniononit. Myauditwasmadeforthepurposeoforminganopinionontheprimarygovernmentfinancial statementsofthelincolnparishpolicejurytakenasawhole.theacompanyingfinancial informationlistedas"schedules"and"suplementaryinformation"inthetableofcontents, includingthescheduleofexpendituresoffederalawards,ispresentedforpurposesofaditional analysisasrequiredbyu.s.oficeofmanagementandbudgetcirculara-13,auditsofstates, LocalGovermnents,andNon-ProfitOrganization.s,andisnotarequiredpartofthefinancial statementsofthelincolnparishpolicejury.suchinformationhasbensubjectedtotheauditing proceduresapliedintheauditofthelincolnparishpolicejury,and,inayopinion,isfairlystated inalmaterialrespectsinrelationtothefinancialstatementstakenasawhole. Ourauditwasconductedforthepurposeoformingopinionsonthefinancialstatementsthat colectivelycomprisethepolicejury'sprimarygovernmentfinancialstatements.theintroductory section,combiningandindividualnon-majorfundfinancialstatementsarepresentedforpurposesof aditionalanalysisandarenotarequiredpartofthebasicfinancialstatements.thecombiningand individualnon-majorfundfinancialstatementshavebensubjectedtotheauditingprocedures apliedintheauditoftheprimarygovernmentstatementsand,inmyopinion,arefairlystatedinal materialrespectsinrelationtotheprimarygovernmentfinancialstatementstakenasawhole.the introductorysectionhasnotbensubjectedtotheauditingproceduresapliedintheauditofthe primarygovernmentfinancialstatementsand,acordingly,iexpresnopiniononit. WILIAMR.HULSEY,APAC CertifiedPublicAcountant May20,204

6 REQUIREDSUPLEMENTALINFORMATION: MANAGEMENT'SDISCUSIONANDANALYSIS(MD&A)

7 ment'sdiscusionandanalvsis RUSTON,LOUISIANA OurdiscusionandanalysisoftheLincolnParishPoliceJury'sfinancialperformanceprovidesan overviewofthejury'sfinancialactivitiesforthefiscalyearendeddecember31,203. TheManagement'sDiscusionandAnalysis(MD&A)isanelementofthenewreportingmodel adoptedbythegovernmentalacountingstandardsboard(gasb)intheirstatementno.34 BasicFinancialStatements-andManagement'sDiscusionandAnalysis-forStateandLocal GovernmentsisuedJune19.Certaincomparativeinformationbetwenthecurentyearand theprioryearisrequiredtobepresentedinthemd&a. FINANCIALHIGHLIGHTSOurfinancialstatementsprovidetheseinsightsintotheresults ofthisyear'soperations: GeneralGovernmentActivitiesreportatotalof$13,314,363andtotalrevenuesof$1,864,319 CapitalProjectsincludetheremodelingoftheAlbertson'sbuildingforthenewlibraryandthe BarkerStretSewerprojectwhichacountsforthexcesofexpendituresoverevenuesin GeneralGovernmentActivities. USINGTHISANUALREPORT TheJury'sanualreportconsistsofaseriesofinancialstatementsthatshowinformationforthe Juryasawhole,anditsfunds.TheStatementofNetAsetsandtheStatementofActivities provideinformationaboutheactivitiesofthejuryasawholeandpresentlonger-termviewofthe Jury'sfinances.Forourgovernmentalactivities,thefundfinancialstatementstelhowefinanced ourservicesintheshort-termaswelaswhatremainsforfuturespending.fundstatementsalso maygiveyousomeinsightsintothejury'soveralfinancialhealth.fundfinancialstatementsalso reporthejury'soperationsinmoredetailthanthegovernment-widefinancialstatementsby providinginformationabouthejury'smostsignificantfunds,thegeneralfund,capitalprojects,and thespecialrevenuefunds. Thefolowingchartreflectstheinformationincludedinthisanualreport

8 ,RUSTON,LOUISIANA Management'sDiscusionandAnalysis(MD&A) Ourauditorhasprovidedasuranceintheindependentauditor'sreport,locatedimediately precedingthismanagement'sdiscusionandanalysis,thathebasicfinancialstatementsare fairlystated.varyingdegresofasurancearebeingprovidedbytheauditoregardingthe RequiredSuplementalInformation,theSuplementalInformationandOtherInformationidentified above.auserofthisreportshouldreadtheindependentauditor'sreportcarefulytoascertainthe levelofasurancebeingprovidedforeachoftheotherpartsofthisreport.

9 ,RUSTON,LOUISIANA Manaqement'sDiscusionandAnalvsis(MD&A) ReportingtheJuryasaWhole TheStatementofNetAsetsandtheStatementofActivities OuranalysisoftheJuryasawholebeginswiththegovernment-widefinancialstatements.Oneof themostimportantquestionsaskedabouthejury'sfinancesis,"isthejuryasawholebeterof orworseofasaresultoftheyear'sactivities?"thestatementofnetasetsandthestatement ofactivities,whichapearfirstinthejury'sfinancialstatements,reportinformationabouthejury asawholeanditsactivitiesinawaythathelpsanswerthisquestion.wepreparethesestatementstoincludealasetsandliabilities,usingtheacrualbasisofacounting,whichisimilar totheacountingusedbymostprivate-sectorcompanies.alofthecurentyear'srevenuesand expensesaretakenintoacountregardlesofwhencashisreceivedorpaid. ThesetwostatementsreportheJury'snetasets-thediferencebetwenasetsandliabilities, asreportedinthestatementofnetasets-asonewaytomeasurethejury'sfinancialhealth,or financialposition.overtime,increasesordecreasesinthejury'snetasets-asreportedinthe StatementofActivities-areoneindicatorofwhetherit'sfinancialhealthisimprovingor deteriorating.therelationshipbetwenrevenuesandexpensesisthejury'soperatingresults. However,theJury'sgoalistoprovideservicestourcitizens,notogenerateprofitsascomercial entitiesdo.onemustconsiderothernonfinancialfactors,suchastheconditionsofthejury'sroads andbridges,servicesprovidedsuchasolidwastedisposal,ruralgarbagecolection,recreation, libraryservicesandhousingasistancetoasestheoveralhealthofthejury. IntheStatementofNetAsetsandtheStatementofActivities,wedividetheJuryintothrekindsof activities: GeneralFundActivities-MostoftheJury'sbasicservicesarereportedhere,including statemandatedcostfordistdctcourtsandcorornersofice,asistancetothergovemental entities,courthouseandotherparishbuildingmaintenanceandgeneraladministrationaswel asroadconstruction,solidwastedisposal,libraryfundsandthehospitalprocedsfund. Propertytaxes,salestax,severancetaxes,franchisefes,licensesandfes,andstateandfedera grantsfinancemostoftheseactivities. SpecialRevenueActivities-Theseactivitiesincludemostpublicworksincludingroadsandbridges, solidwastecolectionandisposal,aswelaslibraryservices,criminalcourtactivities,and publichealthandhousingasistance.fundingfortheseactivitiesarereceivedfrompropertyand stateandfederalgrantsandfeschargedforservices. sewerprojectandthecompletionofthelincolnparishparkproject.thechathamareasewer wasalsostartedin203. CapitalProjectActivities-Majorcapitalprojectsongoingduring203includetheBarkerStret

10 ReportingtheJury'sMostSignificantFunds FundFinancialStatements TheJury'sfundfinancialstatementsprovidedetailedinformationabouthemostsignificantfundsnotheJuryasawhole.SomefundsarerequiredtobestablishedbyStatelaw.Howeverthe Juryestablishesotherfundstohelpitcontrolandmanagemoneyforparticularpurposes(likethe specialrevenuefunds)ortoshowthatitismetinglegalresponsibilitiesforusingcertaintaxes, grants,andothermoney. Govementfunds-Governmentalfundreportingfocusesonshowinghowmoneyflows intoandoutofundsandthebalancesleftatyear-endthatareavailableforspending. Theyarereportedusinganacountingmethodcaledmodifiedacrualacounting, whichmeasurescashandalotherfinancialasetsthatcanreadilybeconvertedto cash.thegovernmentalfundstatementsprovideadetailedshort-termviewofthe Jury'soperationsandtheservicesitprovides.Governmentalfundinformationhelpsyou determinewhethertherearemoreorfewerfinancialresourcesthatcanbespentinthe nearfuturetofinancethejury'sprograms.wedescdbetherelationship(ordiferences) betwengovernmentalactivities(reportedinthestatementofnetasetsandthe StatementofActivities)andgovernmentalfundsinthereconciliations(Statements THEJURYASAWHOLE DandF). Ouranalysisbelowfocusesonthenetasets(TableI)andchangesinetasets(Table2)ofthe Jury'sgovernmentalandbusines-typeactivities:Acomparativeanalysiswilbeprovidedin futureyearswhenpdorinformationisavailable.tablei December31,203 NetAsets Curentandotherasets Capitalasets GovernmentalActivities 20_3 Totalasets 32,471, Curent&otherliabilities Long.termliabU[ties $ 1,818, D5~5~5 Netasets Investedincapital asets,netofdebt Restricted $ Unrestricted 21,687,656 6,059,802 Totalnetasets $ 36,627, g?

11 RUSTON,LOUISIANA Management'sDiscusionandAnalysis(MD&A) Revenues ProgramRevenues Section8housing $ Parishtransportationfunds Generalrevenues Propertytaxes Salestax Othertaxes Staterevenuesharing Localgrants Federalrevenue SeveranceTax Fes,chargesandcomisions Finesandforfeitures Earningsoninvestments Miscelanecus TotalRevenues Table2 ChangesinNetAsets FortheYearsEndedDecember31,203 47, ,73 3,909, , , , , , , , ,69 803,457 $ 8,959,120 Functions/ProgramExpenses: GovernmentalActivities Generalandadministrative $ :ublicsafety PublicWorks Health&Welfare OperatingServices Culture&Recreation EconomicDevelopment CapitalOutlay DebtService TotalFunctions/ProgramExpenses Increase(decrease)inet asetsbeforetransfers Transfers(net) Procedsfromsaleofasets Incease(decrease)inetasets Netasets-begining Priorperiodadjustment 1,580, ,494 5,12, ,210 16,2(~ 1,545,795 36,037 3,603, ,309 13,314,363 (1,45o,o4) o (1,376,654) 31,963, $30.653,13

12 Management'sDiscusionandAnalysis(MD&A) RUSTON,LOUISIANA Thecostofalgovernmentalactivitiesthisyearwas$13,314,363.However,ashownintheStatementof Activities,theamounthatourtaxpayersultimatelyfinancedfortheseactivitiesthroughJurytaxeswasonly $7,843,830becausesomeofthecostwaspaidbythosewhodirectlybenefitedfromtheprogramsorbyother governmentsandorganizationsthatsubsidizedcertainprogramswithgrantsandcontributions. Table3presentsthecostofeachoftheJury'sgovernmentalactivitiesaswelaseachprogram'scost. FortheYearEndedDecember GovernmentalActivities Table3 TotalCostofServices GovernmentalActivities 203 GeneralandAdministrative PublicSafety PublicWorks $ 1,580,646 HealthandWelfare OperatingServices 5,12, ,494 Culture&Recreation EconomicDevelopment CapitalOutlay 1,545, , ,205 DebtService 3,603, ,037 TotalFunctions/Programexpenses $ 13, TheJury'sFunds AstheJurycompletedtheyear,itsgovernmentalfundsreportedacombinedfundbalanceof$30,653,13,which isadecreaseof$1,30,3infundbalancefromlastyear.takingintoacountcapitaloutlayprojectsof $3,603,803theJurywouldhavehadinincreaseinfundbalanceshaditnotbenforthesexpenditures.

13 ment'sdiscusionandanalvsis RUSTON,LOUISIANA GENERALFUNDBUDGETARYHIGHLIGHTS Totalbudgetedrevenuesfelshortofactualrevenuesby$2,848inthemajorGovernmentalActivitiesFunds. Thelargestnegativevadancewas$71,907inseverancetaxesinthegeneralfundandthelargestpositive variancewas$125,19insalestaxinthesolidwastedisposalfund. Overalbudgetedexpendituresexcededactualexpendituresby$14,093.TheSolidWasteDisposalFund excededitsbudgetamountsaproximately$137,085whichwasthexcesrevenuedistributedtother municipalities.but,thexpendituresforalotherdepartmentswere$12,92lesthanbudgeted. CAPITALASET CapltalAsetsAtDecember31,203,theJuryhadinvestedinthefolowingcapitalasets LandBuildings $1,564,831 GovernmentalActiv~ies Buildingsimprovements 4,962,209 2O3 Machinery&Equipment 1,893,484 Furnitureandequipment Vehicles 638,12 Non-depreciabteImprovements 21,150 Constructioninprogres 571, ,50 ECONOMICFACTORSANDNEXTYEAR'SBUDGETSOurelectedandapointedoficialsandcitizens considermanyfactorswhensetingthejury'sbudgetandtaxrates.oneofthemostimportantfactors afectingthebudgetisourseveranceandadvaloremtaxceltections.aproximately,78%oftotalrevenues inthegeneralfundiseveranceandadvaloremtaxes.

14 ment'sdiscusionandanalvsis RUSTON,LOUISIANA CONTACTINGTHEJURY'SFINANCIALMANAGEMENTOurfinancialreportisdesignedtoprovideour citizens,taxpayers,andinvestorsandcreditorswithageneraloverviewofthejury'sfinancesandtoshow thejury'sacountabilityforthemoneyitreceives.ifyouhaveanyquestionsabouthisreportorwishto requestaditionalfinancialinformation,contactrichardịduretathelincolnparishpolicejuryofice locatedonthethirdflorofthelincolnparishcourthouse,10westtexasavenue,ruston,laor cal(318) betwenthehoursof8amand5pmondaythroughfriday. 1

15 GOVERNMENT-WIDEFINANCIALSTATEMENTS

16 STATEMENTOFNETASETS RUSTON,LOUISIANA DECEMBER31,203 Cash Investments ASETS AcountsReceivable PrepaidExpenses DueFromOtherEntities Inventory CapitalAsets: Non-Depreciable TOTALASETS Governmental Activities $5,432,843 2,192,315 4,598, ,415 41,379 1,582 2,93,807 8,275,95 $43,681,365

17 LIABILITIES CurentLiabilities AcountsPayable BankOverdrafts DueToOtherEntities Non-CurentLiabilities TotalCurentLiabilities DueWithinOneYear BondsPayable DueinMoreThanOneYear CompensatedAbsences BondsPayable TotalNon-CurentLiabilities TotalLiabilities NETASETS InvestedinCapitalAsets, RestrictedFor: NetofRelatedDebt Governme~al Activities $1,487,276 1,818,430 30, ,0 85,085 4,90,0 5,235,085 7,053,515 6,059,802

18 Function/ProgramActivities GovementActivities: GeneralGovernment PublicSafety PublicWorks Health&Welfare OperatingServices Culture&Recreation EconomicDevelopment InterestonLong-Term Debt RUSTON,LOUISIANA STATEMENTOFACTIVITIES FORTHEYEARENDEDECEMBER31,203 $1,93,57 264,739 5,2, , ,205 1,76, ,309 ProgramRevenues Operating ChargesforGrantsand ServicesContributions $8, , ,370 32, ,73 472,804 10,0 Capital Grantsand Contributions Net(Expense) Revenueand Changesin NetAsets Governmental Activities $ 360,95 (1,872,685) (34,143) (4,258,047) (19,406) (185,205) (1,756,570) (36,037) TotalGovernmental Activities $10,307,732$495,602$941,73$360,95(8,509,402) GeneralRevenues:Taxes: PropertyTaxes SalesTaxes 3,909,415 2,905,190

19 GOVERNMENTALFUNDS RUSTON,LOUISIANA DECEMBER BALANCESHET General Asets:Cashandcashequivalents Fund Construction Road Investments Receivables 580,750 Fund Library Fund SolidWaste Disposal Prepaidexpenses Duefromotherfutds 680,856 72,734 Duefromotherentities 163,316 $457,025 TOTALASETS Inventory , ,197 Fund 41,379 2,415 1,32,202 1,47,469 27,606 24fi ,582 Liabilitiesandfundequity: $2,241,123$1,218,95 Liabilities: Acountspayable BankOverdralt Duetotherfunds 259,31 Duetotherentities ,96 $ $540, , FundBalances: Totaliabilities 38,302 3, , ReservedFor: WitnesFes Unreserved,ReportedIn: Inventories DebtService 1,582

20 SolidWaste Equipment Disposal Reserve Fund Proceds Hospital 4,460, ,109 Fund Construction Library 10,0 3,673 9,910, ,726 Fund Governmental $1,37,021$1,842,434 Nonmajor Funds Governmental Total 2,0,0 3,259,50 1,45,389 $5,432,843 Funds 528,548 4,452 2,192,315 4,598, , ,415 41,379 $4,95,795$10,238,517$3,37,021$7,090,373$3,102,19 1,582 23,123 5,394 32, , ,501 20,370 1,487, , , ,517 32, ,463 2,49,06 578,682 76, ,682 76,809 1,582

21 RECONCILIATIONOFTOTALGOVERNMENTAL FUNDBALANCESTONETASETSOF RUSTON,LOUISIANA GOVERNMENTALACTIVITIES DECEMBER TotalGovernmentalFundBalances Amountsreportedforgovernmentalactivities inthestatementofnetasetsarediferent Capitalasetsusedingovernmentalactivities arenotfinancialresourcesandtherefore arenotreportedinthefunds. Long-termliabilities,includingcompensated absencespayable,arenotdueandpayablein thecurentperiodandthereforearenot reportedinthefunds. NetAsetsofGovernmentalActivities 30,653,13 1,209,802

22 RUSTON,LOUISIANA STATEMENTOFRE'vENUES,EXPENDITURESANDCHANGESINFUNDBALANCES GOVERNMENTALFUNDS FORTHEYEARENDEDECEMBER31,203 Revenues: Taxes:Advalorcra 1/2centsalestax Othertaxes,penaltiesand interest,etc. Intergovernmentalreveames; Federalfunds: Section8Housing Otherfederalfunds Statefunds: Parishtransportationfunds Staterevenuesharing(net) Grants-otherloalagencies Severancetax Fes,~b,at'gesatxdeomls~otfor s~incs Finesandforfeitures Useofmorteyandproperty interestearningsandrents OtherevenuesTotalrevenues Expenditures: Generalgovemracnt; LeglsLativ~ 5udinial Elections Financeandadministrative Othergeneralgovernment Publicsafety Publicworks Heaflhandwelfar~ Ol~rati~services Cultureandrecreation Eeo~tniedeve oprnentamlasist,~ CapitalOutlay DebtService: PrinalplePayments Interestandother Totalexpenditures Exevs(deficiency)ofrevenues overexpenditures Otherfinancingsources(uses): Operatingtrmfersin Opiatingtransfersout Procedsfromsaleofasets Totalotherfinancingsources(rises) Exces(deficiency)ofrevenuesand othersourcesoverexpendituresand otheruses ~mdbalances,begining Priorperiodadjmtments Fundbalances,ending $ General Fund 10,165 29,025 50, ,093 Road Comtruetion Fund 79, ,142,456 17, ,847 65, ,49,1 7,798 25,672 36,0375, ,764 Library Fund $1,516,0C 53,969 36,821 6,189 1,628,306 1,215,040 1~426 1,654, ,764 1,234,46 SolidWaste Disposal Fund 2,905,190 2,430,528 (50,0) $ (53,786) 1,956, ,840 2,762,283S151,783

23 SolidWaste Disposal Equipment Reserve Ftmd Hospital Proceds Fund Construction Library Fund Governmental Nonmajor Funds Govemen~l 198,051 $ ToLl Funds 467, ,95 426,73 309,536 7~085 10,85 21,86 134, ,521 34~521 72,78 50,0 57~783,709, , ,630 1,864, ,69 803,457 2fl86,195 4,31~ ,0 247,309 13,314, ,0 247,309 1,159,154 (243,623) ~821,47 134,318 9,968,092 31,908 (2,213,4~:7) (306,674) 925,870 73,390 5,27,692 6,21, fl81 31,983,46 (1376,654) $I0,0,0$3,014,285 $6,591,910$30,653,13 50,058 46,321 Theacompanyingnotesareanintegralpartofthisfilhsneialstatoment. 19

24 RECONCILIATIONOFTHESTATEMENTOFREVENUES,EXPENDITURESANDCHANGES1N FUNDBALANCESOFGOVERNMENTALFUNDS RUSTON,LOUISIANA FORTHEYEARENDEDECEMBER TOTHESTATEMENTOFACTIVITIES NetChangeinFundBalances-TotalGovem.,m_talFunds Amountsreportedforgovernmentalactivitiesinthe statementofactivitiesarediferentbecatme: Governmentalfundsreportcapitaloutlaysas expenditure~whilegovcrntnentnlaetiviti~report depreciationexpensetoalocatethosexpeaulitmes overthelifeoftheasets: Capitalasetspurchasescapitalized Repaymentofdebtprincipleisanexpenditure DepreciationExpense 3,314,352 2,856,631 (457,721) inthegovernmentalfunds,buthempayraent reduceslolug-tondebtliabilitiesinthestatement ofneta~ets. 150,0 C~inNetAsetsinGovernmentalActivities $1,629,97

25 NOTESTOFINANCIALSTATEMENTS RUSTON,LOUISIANA DECEMBER31,203 TheLincolnParishPoliceJury('theJury")isthegovemingauthorityforLincolnParishandisa politicalsubdivisionofthestateoflouisiana.thepolicejuryisgovernedby12jurorsrepresenting thevariousdistrictswithintheparish.thejurorservefour-yeartermsthatexpireinjanuaryof 204. LouisianaRevisedStatute3:1236givesthepolicejuryvariouspowersinregulatingandirecting theafairsoftheparishanditsinhabitants.themorenotableofthosearethepowertomake regulationsforitsowngovernment;toregulatetheconstructionandmaintenanceofroads,bridges, andrainagesystems;toregulatethesaleofalcoholicbeverages;andtoprovideforthehealthand welfareofthepor,disadvantaged,andunemployedintheparish.fundingtoacomplishthese tasksisprovidedbyadvaloremtaxes,berandalcoholicbeveragepermits,staterevenuesharing, andvariousotherstateandfederalgrants. NOTE1-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES TheJurycomplieswithacountingprinciplesgeneralyaceptedintheUnitedStatesofAmerica (GAP).GAPincludesalrelevantGovernmentAcountingStandardsBoard(GASB) pronouncements.inthegovernment-widefinancialstatements,financialacountingstandards Board(FASB)pronouncementsandAcountingPrinciplesBoard(APB)opinionsisuedonor beforenovember30,1989havebenapliedunlesthosepronouncementsconflictwithor contradictgasbpronouncements,inwhichcase,gasbprevails.theacountingandreporting frameworkandthemoresignificantacountingpoliciesarediscusedinsubsequentsectionsofthis note.forthefiscalyearendeddecember31,203,thejuryhasadoptedthenewfinancialreporting requirementsofgasbstatementno.3and34.asaresult,anentirelynewfinancialpresentation formathasbenimplemented. InJune,19,theGASBunanimouslyaprovedstatementNo.34,BasicFinancialStatements-and Management'sDiscusionandAnalysis-forStateandLocalGovernments.Certainofthesignificant changesinthepresentationofitsfundsfinancialinformationinclude,forthefu'stimeamanagement DiscusionandAnalysis(MD&A)sectionprovidingananalysisoftheJury'soveralfinancialposition andresultsofoperationsandfinancialstatementspreparedusingfulacrualacountingforalfund activities.theseandotherchangesarereflectedintheacompanyingfinancialstatementsincludingthe notestothefinancialstatements.thejuryhaselectedtoimplementhegeneralprovisionsofthe StatementinthecurentyearandplanstoreportcapitalasetsacquiredpriortoDecember31,

26 NOTESTOFINANCIALSTATEMENTS RUSTON,LOUISIANA DECEMBER31,203 NOTE1-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(Continued ReportingEntity partofthereportingentity: Basedonthepreviouscriteria,thepolicejuryhasdeterminedthathefolowingcomponentunitsare ComponentUnits LincolnParishTaxAsesor LincolnParishDistrictAtomey LincolnParishSherif Thefolowinghavebendetemainedtoberelatedorganizations LincolnHealthSystems LincolnGeneralHospital LincolnParishDetentionCenter FireProtectionDistrictNo.1ofLincolnParish LincolnParishIndustrialDevelopmentBoard MountOliveWaterworksDistrict WaterworksDistrictNo.1ofLincolnParish WaterworksDistrictNo.2ofLincolnParish WaterworksDistrictNo.3ofLincolnParish LincolnParishConventionandVisitorsComision LincolnParishComunicationsDistrict Thepolicejuryhaschosentoisuefinancialstatementsoftheprimarygovernment(policejury) only;therefore,noneofthepreviouslylistedcomponentunitsareincludedintheacompanying financialstatements. GASBStatement14providesfortheisuanceofprimarygovernmentfinancialstatementsthatare separatefromthoseofthereportingentity.however,theprimarygovernment's(policejury) financialschedulesarenotasubstituteforthereportingentity'sfinancialstatements.the acompanyingprimarygovemrnentfinancialstatementshavebenpreparedinconformitywith generalyaceptedacountingprinciplesasapliedtogovernmentalunits.thesefinancial statementsarenotintendedtoandonotreportonthereportingentitybutratherareintendedto reflectonlythefinancialstatementsoftheprimarygovernment(policejury).

27 NOTESTOFINANCIALSTATEMENTS RUSTON,LOUISIANA DECEMBER3I,203 NOTEI-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(Continued Ret~ortin~Entity(Continued ConsideredinthedeterminationofcomponentunitsofthereportingentityweretheScholBoard andthevariousmunicipalitiesintheparish.itwasdeterminedthathesegovernmentalentitiesare notcomponentunitsofthelincolnparishpolicejuryreportingentitybecausetheyhaveseparately electedgoverningbodies,arelegalyseparate,andarefiscalyindependentofthelincolnparish PoliceJury. MeasurementFocus.BasisofAcountin~andFinancialStatementPresentation Government-WideFinancialStatements-Thegovernmental-widefinancialstatementsarereported usingtheconomicresourcesmeasurementfocusandtheacrualbasisofacounting.revenuesare recordedwhenearnedandexpensesarerecordedwhenaliabilityisincured,regardlesofthetimingof relatedcashflows.grantsandsimilaritemsarerecognizedasrevenueasonasaleligibility requirementsimposedbytheproviderhavebenmet. GovernmentalFundFinancialStatements-Thegovementalfundfinancialstatementsarereported usingthecurentfinancialresourcesmeasurementfocusandthemodifiedacrualbasisofacounting. Revenuesarerecognizedasonastheyarebothmeasurableandavailable.Revenuesareconsidered tobeavailablewhentheyarecolectiblewithinthecurentperiod,thelincolnparishpolicejury considersrevenuestobeavailableiftheyarecolectedwithin60daysofthendofthecurentfiscal yearend. Principalrevenuesourcesconsideredsusceptibletoacrualfederalgrants,interestoninvestments,sales andincometaxes,andleasepaymentsreceivable.somerevenueitemsthatareconsideredmeasurable andavailabletofinanceoperationsduringtheyearfromanacountingperspectivearenotavailablefor expenditureduetothejury'spresentapropriationsystem.theserevenueshavebenacruedin acordancewithacountingprinciplesgeneralyaceptedintheunitedstatesofamericasincethey havebenearnedandarexpectedtobecolectedwithinsixtydaysofthendoftheperiod.other revenuesareconsideredtobemeasurableandavailableonlywhencashisreceivedbythejury. Expendituresgeneralyarerecordedwhenaliabilityisincured,asunderacrualacounting. Modificationstotheacrualbasisofacountinginclude: Employes'vestedanualeaveisrecordedasanexpenditurewhenutilized.Theamountof acumulatedanualeaveunpaidatdecember31,203hasbenreportedonlyinthe government-widefinancialstatements. Interestongeneralong-termobligationsisrecognizedwhenpaid. Debtservicexpendituresarerecordedonlywhenpaymentisdue.

28 NOTESTOFINANCIALSTATEMENTS RUSTON,LOUISIANA DECEMBER31,203 -SUMARYOFSIGNIFICANTACOUNTIN MeasurementFocusBasisofA on(continued GeneralFund-ThisfundacountsforalactivitiesoftheJurynotspecificalyrequiredtobe acountedforinotherfimds.includedaretransactionsforservicesuchasgeneralgovernment, healthservices,publicsafety,regulatoryservicesandsocialservices. SpecialRevenueFunds-SpecialRevenueFundsareusedtoacountfortheprocedsofspecific revenuesourcesthatarelegalyrestrictedtoexpendituresforspecificpurposes. DebtService-DebtServiceFundsareusedtoacountfortheacumulationofresourcesfor,andthe paymentof,generalong-termdebtprincipal,interestandrelatedcostṣ CapitalProjectsFunds-CapitalProjectsFundsareusedtoacountforfmancialresourcestobeused fortheacquisitionorconstructionofmajorcapitalfacilities. FiduciaryFundTypes-ThesefundsacountforasetsheldbythePoliceJuryasatrusteoragent forotherunitsofgovernment.thisfundincludesthefolowing: NonexpendableTrustFund-NonexpendableTrustFundsareusedtoacountforasetsheldby thegovernmentinatrustecapacityforothers.theprincipalofthetrustmustbeheldintact andonlytheincomearnedmaybeusedforthepurposespecifiedinthehospitalsale proposition,asaprovedbyvotersoflincolnparish.

29 NOTESTOFINANCIALSTATEMENTS RUSTON,LOUISIANA DECEMBER31,203 NOTE1-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(Continued Thepreparationofinancialstatementsinconformitywithacountingprinciplesgeneralyaceptedin theunitedstatesofamericarequiresmanagementomakestimatesandasumptionsthatafecthe reportedamountsofasetsandliabilitiesandisclosureofcontingentasetsandliabilitiesathedateof Actualresultscouldiferfromthosestimates. thefinancialstatementsandthereportedamountsofrevenuesandexpensesduringthereportingperiod. BudgetarypracticesofthePoliceJuryincludepublicnoticeoftheproposedbudget,public inspectionoftheproposedbudgetandpublichearingsonthebudget.budgetsarepreparedona modifiedacrualbasisofacounting.thesecretary-treasurerisauthorizedtotransferbudget amountswithinafimctionbyobjectclasification;however,anyrevisionsthatalterthetotal expendituresofanyfunctionmustbeaprovedbythelincolnparishpolicejury.apropriations lapseatyear-end.budgetedamountshownintheacompanyingfinancialstatementsinclude originaladoptedbudgetamountsandalsubsequentamendments.thelevelofbudgetary responsibilityisbytotalapropriations;however,foreportpurposes,thislevelhasbenexpanded toafunctionalbasis. CashandCashEauivalents Cashincludesdemandepositsandmoneymarketacounts.Understatelaw,thePoliceJurymay depositfundswithinafiscalagentbankorganizedunderthelawsofthestateoflouisiana,thelaws ofanyotherstateintheunionorthelawsoftheunitedstates.further,thepolicejurymayinvestin thetimedepositsorcertificatesofdepositofstatebanksorganizedunderlouisianalawandnational bankshavingprincipaloficesinlouisiana. ValuationofCarvinuAmountsofDeosits Cashisreportedatnetbokvalue-theyearendbankbalanceplusanydepositsintransitandles anyoutstandingchecksthathavenotclearedthebankasofthatdate.

30 NOTESTOFINANCIALSTATEMENTS RUSTON,LOUISIANA DECEMBER31,203 NOTE1-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(Continued FundEquity Equityisclasifiedasnetasetsandisplayedinthrecomponents Investedincapitalasets,netofrelatedebt-Consistsofcapitalasetsincludingrestrictedcapital asets,netofacumulatedepreciationandreducedbytheoutstandingbalancesofanybonds, mortgages,notes,orotherborowingsthatareatributabletotheacquisition,constructionor improvementofthoseasets. Restrictednetasets-Consistsofnetasetswithconstraintsplacedontheuseitherby(1) externalgroups,suchascreditors,grantors,contributors,orlawsoregulationsofother c.unrestrictednetasets-alothernetasetsthatdonotmethedefinitionof"restricted"or governments;or(2)lawthroughconstitutionalprovisionsorenablinglegislation. "investedincapitalasets,netofrelatedebt." Alreceivablesarerecordedatheirgrosvalueand,whereapropriate,arereducedbythestimated Receivables portionthatisexpectedtobeuncolectible. nterfundreceivablesandpayables Duringthecourseofoperations,numeroustransactionsocurbetwenindividualfundsforgods providedorservicesrendered.thesereceivablesandpayablesareclasifiedas"duefromother fimds"or"duetotherfunds"onthebalanceshet.intheprocesofagregatingdataforthe andbalancesinthefimdswereliminatedoreclasified. statementsofnetasetsandthestatementofactivities,someamountsreportedasinterfundactivity

31 NOTESTOFINANCIALSTATEMENTS RUSTON,LOUISIANA DECEMBER31,203 NOTE1-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(Continued FixedasetsoftheJuryarestatedatcostandarereportedinthegovernment-widefinancial Depreciationiscomputedusingthestraight-linemethodoverthestimatedusefulives. statements.depreciationofalexhaustiblefixedasetsarechargedasanexpenseagainstoperations. Thefolowinganualandsickleavepoliciesareinefect: PoliceJury Employesacruefromfivetotwentydaysofanualandfivetofiftendaysickleaveachyear dependingonyearsofservicewiththepolicejuryforatotalofnotmorethan120days. Similarly,employesarenotpaidforacruedsickleaveuponresigningoretiring,butacrued sickleavemaybeapliedagainstotalemploymentyearsatretirement. Library Employesofthelibraryearnfromtwelvetotwentydaysvacationleaveachyeardependingon lengthofserviceandprofesionalstatus.vacationleaveisnotcumulative.employesofthe libraryearntwelvedaysickleaveachyear,whichcanbeacumulateduptotwenty-fotrdaysfor majormedicalpurposesonly.sickleavelapsesaterminationofemployment. ThirdJudicialCriminalDistrictCourt Themployesofthedistrictatorney'sofice,paidfromthecriminalcourtfund,acruetwelve daysofanualeaveandtwelvedaysofsickleaveachyear.theleavemustbeusedintheyear earned.themployesofthedistrictjudge'sofice,paidfromthecriminalcourtfund,donothave aformaleavepolicy. TheJuryacruescostsincuredforanualeave.Acruedsickleavebenefitsarenotacruedueto thepolicyofnotpayingbenefitsupontermination. 27

32 NOTESTOFINANCIALSTATEMENTS RUSTON,LOUISIANA DECEMBER31,203 OTE1-SUMARYOFSIGNIFICANTACOUNTINGPOLICIES(Contin SalesandUseTax LincolnParishasaone-halfpercentparish-widesalesandusetaxaprovedbythevotersofthe parish.thenetprocedsofthetax(aftercostsofcolections)isusedforthepurposeofacquiring, operatingandmaintainingparish-widesolidwastedisposalfacilitiesandequipment.after operationalcostsfortheparish-widesolidwastedisposalfacilitiesandequipmentisdetermined,the remainderoftheprocedsisalocatedandividedbetwenthepolicejuryandincorporated municipalitieswithintheparishacordingtoaprescribedformula. SalestaxandusetaxesarecolectedbytheLincoln-RustonSalesTaxDivision,anentityseparate fromthepolicejury,andthetaxprocedsaplicabletothepolicejuryaretransferedmonthly. Inventoriesforalgovernmentalfundsarevaluedatcost.Reportedinventoriesinthesefundsare equalyofsetbyafundbalancereserve,whichindicatestheyareunavailableforapropriationeven thoughtheyareacomponentofreportedasets.inventoriesareacountedforasasetswhen purchasedandrecordedasexpendituresasconsumed. NOTE2-CASHANDINVESTMENTS Atyearend,thecaryingamountofthePoliceJury'sdepositswas$5,432,843,andthebankbalance was$5,930,302.thebankbalanceiscategorizedasfolows: AmountinsuredbyFDICandFSLIC Amountcolateralizedwithsecuritiesheldbythe $50,0 pledgingfinancialinstitution'sagentinthe Uncolateralized PoliceJury'sname 5,430,302 Totalbankbalance

33 NOTESTOFINANCIALSTATEMENTS RUSTON,LOUISIANA DECEMBER31,203 NOTE2-CASHAND Category1-Insuredoregistered,withsecuritiesheldbythentityoritsagentsinthentity's Category2-Uninsuredandunregistered,withsecuritiesheldbythecounterparty'strust name. Category3-Uninsuredandunregistered,withsecuritiesheldbythecounterparty,initstrust departmentoragentinthentity'sname. Investmentscategorizedbylevelofrisk,are: departmentinthentity'sname. 2 Carying Amount Fair Value U.S.TreasuryNotes$4,086,489$ Governmentagency EquityInvestments Certificatesofdepositand bonds 14,317,313 $4,086,489$4,086,489 moneyfunds 3,714,197 74,316 14,317,313 3,714,1973,714,197 74,31614,71,154 Totalinvestments$ $-~ 2~i~:92,315$ NOTE3-RECEIVABLES Thereceivablesof$4,598,029onDecember31,203,aredetailedasfolows Iaxes: Receivables Clasof Genera Staterevenuesharing Advalorem Fund Revenue Speci~ Funds Statereimbursements Other $438, ,913 Other ,582 3,21, , ,414 65,51 8,979 3,649,975 Total 528,534 57~654 94~ , ,51 Basedonpriorexperience,theuncolectibleadvaloremtaxesnetofprocedsfromthesherifs Totals $680,856 $3,813,654$103,519$4,598,029 saleofpropertyisimaterial,thusnoprovisionhasbenmadeforsuchlos. 29

34 RUSTON,LOUISIANA NOTESTOFINANCIALSTATEMENTS DECEMBER31,203 NOTE4-PROPERTYANDEOUIPMENT CapitalasetactivityfortheyearendedDecember31,isasfolows Non-DepreciableAsets: Land CIPImprovements Total DepreciableAsets: Buildings Improvements Vehicles Furniture&fixtures Machinery&equipment Total 202 Balance $1,729, ,270 58,50 2,035,851 6,925,046 2,458,427 1,454,02 653,935 1,726,79 13,218,189 Les:AcumulatedDepreciation: Building (3,626,07) Improvements (650,572) Vehicles (679,181) Furniture&fixtures (41,925) Machinery&equipment(1,139,535) Total (6,507,20) CapitalAsets,Net $96,50 1,062,206$(260,750) 1,158,706(260,750) 1,843, ,063 15,674 78,035 2,15,646 (10,072) (106,534) (19,982) (38,90) (82,23) (457,721) (428,873) (62,434) (94,627) (3,43) (18,731) (738,108) 358,241 36,534 7,90 25,81 106, , Balance $1,564,831 1,310,476 58, ,340,047 2,614,056 1,359, ,16 1,686,083 14,635,727 (3,37,838) (720,572) (721,263) (425,014) (1,15,043) (6,359,732) Depreciationexpensechargedfor$457,721,asfolows Generalgovernment Publicsafety Publicworks Cultureandrecreation Total 30 $123,460 4, ,241 20,75 $457,721

35 NOTESTOFINANCIALSTATEMENTS RUSTON,LOUISIANA DECEMBER31,203 NOTE5-PENSIONPLAN SubstantialyalemployesoftheLincolnParishPoliceJuryaremembersoftheParochial Employes'RetirementSystemofLouisiana(System),acostsharing,multiple-employerdefined benefitpensionplanadministeredbyaseparateboardoftrustes.thesystemiscomposedoftwo distinctplans,planaandplanb,withseparateasetsandbenefitprovisions.alemployesofthe policejuryaremembersofplana. Alpermanentemployesworkingatleast28hoursperwekwhoarepaidwholyorinpartfrom parishfundsmadalelectedparishoficialsareligibletoparticipateinthesystem.underplana, employeswhoretireatorafterage60withatleast10yearsofcreditableservice,atorafterage5 withatleast25yearsofcreditableservice,oratanyagewithatleast30yearsofcreditableservice arentitledtoaretirementbenefit,payablemonthlyforlife,equalto3%oftheirfinal-averagesalary foreachyearofcreditableservice.however,forthosemployeswhowerememberofthe suplementalplanonlybeforejanuary1,1980,thebenefitisequalto1%ofinalaveragesalaryplus $24foreachyearofsuplemental-plan-onlyservicearnedbeforeJanuary1,1980,plus3%of fmal-averagesalaryforeachyearofservicecreditedaftertherevisiondate.underplanb, employeswhoreturnatorafterage62withatleast10yearscreditableserviceoratorafterage5 withatleast30yearsofcreditableservicearentitledtoaretirementbenefit,payablemonthlyfor life,equalto2%oftheirfinal-averagemonthlysalaryinexcesof$10foreachyearofcreditable service.furthermore,employeswithatleast10yearsofcreditableservice,butlesthan30years, maytakearlyretirementbenefitscomencingatorafterage60,withthebasicbenefitreduced3% foreachyearetirementprecedesage62,unleshehasatleast30yearsofcreditableservice.inany case,monthlyretirementbenefitspaidunderplanbcanotexced10%ofinal-averagesalary. Final-averagesalaryisthemploye'saveragesalaryoverthe36consecutiveorjoinedmonths thatproducethehighestaverage.employeswhoterminatewithatleastheamountofcreditable servicestatedabove,andonotwithdrawtheiremployecontributions,mayretireatheages specifiedaboveandreceivethebenefitacruedtotheirdateoftermination.thesystemalso providesdeathandisabilitybenefits.benefitsarestablishedoramendedbystatestatute. TheSystemisuesanalmualpubliclyavailablefinancialreporthatincludesfinancialstatements andrequiredsuplementaryinformationforthesystem.thatreportmaybeobtainedbywritingto theparochialemployes'retirementsystem,postoficebox14619,batonrouge,louisiana ,orbycaling(504) FundingPolicy UnderPlanA,membersarerequiredbystatestatutetocontribute9.5%oftheiranualcovered salaryandthelincolnparishpolicejuryisrequiredtocontributeatanactuarialydeterminedrate. Thecurentrateis5.5%ofanualcoveredpayrol.UnderPlanB,membersarerequiredbystate

36 NOTESTOFINANCIALSTATEMENTS RUSTON,LOUISIANA DECEMBER31,203 NOTE5-PENSIONPLAN(Continued FundingPolicy statutetocontribute2.0%oftheiranualcoveredsalaryinexcesof$1,20andthelincolnparish PoliceJuryisrequiredtocontributeatanactuarialydeterminedrate.Thecurentrateis2.50%of anualcoveredpayrol.contributionstothesystemalsoincludeone-fourthof1%(exceptorleans andeastbatonrougeparishes)ofthetaxeshowntobecolectiblebythetaxrolsofeachparish. ThesetaxdolarsaredividedbetwenPlanAandPlanBbasedproportionatelyonthesalariesofthe activemembersofeachplan.thecontributionrequirementsofplanmembersandthelincolnparish PoliceJuryarestablishedandmaybeamendedbystatestatute.AsprovidedbyR.S.1:103,the employercontributionsaredeterminedbyactuarialvaluationandaresubjectochangeachyear basedontheresultsofthevaluationforthepriorfiscalyear.thelincolnparishpolicejury's contributionstothesystemunderplanafortheyearsendingdecember31,203,202,and201 were$168,564,$183,460and$175,717,respectively,equaltotherequiredcontributionsforeach ThePoliceJuryhadnocapitaloroperatingleasesinefectatDecember31,203 NOTE7-DUETO/FROMOTHERFUNDS Individualfundbalancesdueto/fromotherfundsatDecember31,203,areasfolows Majorvuna Fund OtherFunds DueFrom OtherFunds DueTo GeneralFund SpecialRevenueFunds: $2,08 $78,012 SolidWasteDisposalFund SolidWasteEquipmentReserveFund Non-MajorFunds: HospitalProcedsFund 10,0 10,0 102,08 23,123 41,135 SpecialRevenueFunds CapitalProjectsFunds 217,954 Totals 310, , ,745 32

37 LINCOLNPAR/SHPOLICEJURY RUSTON,LOUISIANA NOTESTOFINANCIALSTATEMENTS DECEMBER31,203 NOTE8-RESERVEDFUNDBALANCE-WITNESFES LouisimaRevisedStatute15:25providesforthepaymentofwitnesfestof-dutylaw enforcementoficerswho,intheiroficialcapacity,arerequiredtobepresentasawitnesin criminalcases.witnesfesarepaidfromspecialcourtcostsleviedincriminalcases.courtcosts andwitnesfesareacountedforinthecriminalcourtspecialrevenuefund.thefolowing scheduleprovidesadetailofchangesinthefundbalanceofthelawenforcementwitnesfefund fortheyearendeddecember31,203: BalanceatJanuary1,203 Courtcostscolected Interest Witnesfespaid BalanceatDecember31,203 $74,949 7,935 (6,075) $ NOTE9-DESIGNATEDFUNDBALANCE-EOUtPMENTREPLACEMENT TheLincolnParishPoliceJury,byordinance,establishedtheSolidWasteEquipmentReserve SpecialRevenueFundtoacountformoniesdesignedforeplacementofsolidwastecolectionand disposalequipment.transfersaremadefromthesolidwastecolectionandsolidwastedisposal SpecialRevenueFundsbasedontheamortizationofequipmentcostsinthosefunds.Theamounts transferedarerecognizedasoperatingtransfersintheacompanyingfinancialstatements.the folowingscheduleprovidesdetailonchangesfortheyearendeddecember31,203: BalanceatJanuary1,202 Transfersin Saleofasets Otherevenues Equipmentreplacementcosts Expenditures Colection Equipment $1,915, ,41 Disposal Equipment Total 4,821,47$6,737, ,41 47,27 134, , ,031) BalanceatDecember31,203 $2,050,21$4,95,795$7,06,016 ThetotalSolidWasteEquipmentReserveasofDecember31,203,isasfolows SolidWasteEquipmentReserve SewerFundEquipmentReplacement TotalFundEquityDesignatedforEquipmentReplacement 3 $7,06,016 97,212

38 NOTESTOFINANCIALSTATEMENTS RUSTON,LOUISIANA DECEMBER31,203 NOTE10-CRIMINALCOURTFUNDSURPLUS LouisianaRevisedStatute15:571.1requiresthatone-halfofanysurplusremainingintheCriminal CourtSpecialRevenueFundatyearendbetransferedtotheparishGeneralFund.Thefolowing scheduleprovidesadetailofchangesinthefundbalanceofthecriminalcourtfundatdecember 31,203: BalanceatJanuaryI,203 Exces(deficiency)ofrevenuesoverexpenditures $350 Deficiencyinfundbalance,December31,203 Priorperiodadjustment (23,925) NOTE1-LITIGATIONANDCLAIMS ThePoliceJury,athepresentime,haspendinglitigationacordingtothedistrictatomeyin LincolnParish.Intheopinionofthedistrictatorney,theamountofthePoliceJury'sliability,ifany, withrespectothosematerswilnotmaterialyafecthefinancialstatement. Advaioremtaxesareasesedonacalendaryearbasis,becomedueonNovember15ofeach year,andbecomedelinquentondecember31.thetaxesaregeneralycolectedindecemberof thecurentyearandjanuaryandfebruaryofthensuingyear. ThefolowingisasumaryofauthorizedandadvaloremtaxesleviedonAugust1,203 Milage Authorized Parishtaxes: Milage Levied GeneralFundinsideRuston GeneralFundoutsideRu~ston RoadMaintenance ConstructionImprovement LibraryFund 4.41 LibraryOperation

39 NOTESTOFINANCIALSTATEMENTS RUSTON,LOUISIANA DECEMBER31,203 NOTE13-STEWARDSHIP.COMPLIANCE,ANDACOUNTABILITY Budget/ActualUnfavorableVariances WhencomparingbudgetoactualrevenueandexpenditureamountsfortheyearendedDecember 31,203,thefolowingovernmentalfundshadvariancesgreaterthan5%: HospitalProcedsFund Budget Actual Variance Revenues Expenditures $410,0 347,521$ 315,613 62,479 94,387 AlfundsadoptedabudgetfortheyearendedDecember31,203

40 NOTESTOFINANCIALSTATEMENTS RUSTON,LOUISIANA DECEMBER31,203 NOTE14-DEFEREDCOMPENSATIONPLAN EmployesoftheLincolnParishPoliceJurymayparticipateinadeferedcompensationplan adoptedundertheprovisionsofinternalrevenuecodesection457(deferedcompensationplans withrespectoserviceforstateandlocalgovernments). ThedeferedcompensationplanisavailabletoalemployesoftheLincolnParishPoliceJurỵ Undertheplan,employesmayelectodeferaportionoftheirsalariesandavoidpayingtaxesonthe deferedportionuntilthewithdrawaldate.thedeferedcompensationamountisnotavailablefor withdrawalbyemployesuntiltermination,retiremențdeath,orunforeseablemergency. ThedeferedcompensationplanisadministeredbyPEBSCO(PublicEmployeBenefitService Corporation)andHartford,Inc.UnderthetermsofanIRCSection457deferedcompensationplan, aldeferedcompensationandincomeatributabletotheinvestmentofthedeferedcompensation amountsheldbythepublicemployebenefitservicecorporationuntilpaidormadeavailableto themployesorbeneficiaries,arethepropertyofthelincolnparishpolicejurysubjectonlytothe claimsofthepolicejury'sgeneralcreditors. Inadition,theparticipantsintheplanhaverightsequaltothoseofthegeneralcreditorsofthe PoliceJury,andeachparticipant'srightsarequaltohisorhershareofthefairmarketvalueofthe planasets.thepolicejurybelievesthatitisunlikelythatplanasetswilbenededtosatisfy claimsofgeneralcreditorsthatmightarise. /'4, LOYMENTHEALTHCAREB InaditiontothepensionbenefitsdescribedinNote5țheLincolnParishPoliceJuryprovides post-retirementhealthcarebenefits,inacordancewithstatestatuteștoalemployeswhoretire fromthepolicejurymetingthefolowing: ~Afteratainingage60,withatleast10yearsofservice, ~Afteratainingage5,withatleast25yearsofservice,or ~Noagerequirementifthemployehasprovided30yearsofservice Curently,23employesmetoneoftheaboveligibilityrequirements. Duringtheyear,expendituresof$143,05wererecognizedforpost-retirementhealthcare 36

41 NOTESTOFINANCIALSTATEMENTS RUSTON,LOUISIANA DECEMBER31,203 NOTE16-BONDSPAYABLE Generalobligationbondswereisuedintheamountof$5,30,0onMarch1,201,forthepurpose oflibraryrenovations.thebondsaretoberepaidbymarch2021byadvaloremtaxeswiththefirst interestonlypaymentduemarch1,202.principalpaymentscomenceonmarch1,203.the bondscaryanetinterestcostof %.thefolowingisthefutureprincipalandinterest requirements: Begining Balance AditionsReductionsBalance EndingWithinOne AmountsDue GovernmentalActivities: GeneralObligationRefunding Year AcruedVacationandSickTime Bond,Series201$5,30,0$ $150,0$5,150,0$160,0 TotalGovernmentalActivities Long-TermDebt$5,348,936$36,149$150,0$5,235,085$245, PrincipleandinterestrequirementstoretirethePoliceJury'sbondspayableobligationisasfolows: December31 YearEnded CertificatesofIndebtednes Series $160,0 Principle Interest 175, ,0 $239, ,0 231,05 20, ,285,0 217,980 1,670,0 205,380 2,80 1,245,0 851, ,893 95,583 NOTE17-PRIORPERIODADJUSTMENTS DuringtheyearPoliceJurypersonelclearedprioryearpayablesandreceivablesthatwere estimatedandacruedasofdecember31,203.theamountsareasfolows: GeneralFund SpecialRevenueFund CapitalProjects Total $ (4,090) 50,

42 SUPLEMENTALINFORMATIONSCHEDULES

43 RUSTON,LOUISIANA BUDGETARYCOMPARISONSCHEDULE GENERALFUND FORTHEYEARENDEDECEMBER31,203 ReTaxes: Advaloren Othertaxes,penalties&Interest Intergovernmentalrevenues: Federalfunds: Section8Housing Otherfederalfunds Statefunds: Staterevenuesharing Severancetax Fes,chgs&com.forservices Useofmoneyandproperty, interestearningsandrents Otherevenue AmountsAvailablefor Apropriation ChargestoApropriations(Outflows) Generalgovernment: Legislative Judicial Elections Financeandadministrative Othergeneralgovernment Publicsafety Healthandwelfare Cultureandrecreation Economicdevelopment andasistance Capitaloutlay Transferstotherfunds TotalChargestoApropriations ExcesofResourcesOver(Under) FundBalanceatBeginingofYear PriorPeriodAdjustment BudgetedAmounts $426,0$468,50 10,30 1,50 9,70 32,250 50,0 80,0 70,50 85, ,0 32,250 50,0 89,0 76,0 80,0 104,130 1,57,780 1,721, ,565 19,0 38, , , ,241 6,90 25,750 36,537 7, ,140 18,20 18, ,10 673, ,494 7,70 25,70 36,037 5,750 50,0 (135,138) 1,956,254 Actual Amounts 468,50 14,081 10,165 29,025 50, ,093 73,309 83, ,650, ,14 2,456 17, ,847 65, ,494 7,798 25,672 36,037 5,594 50,0 1,704,548 (27,0) (53,786) 1,956,254 1,956, VarianceWith FinalBudget Over (Under) 2, (3,25) 373 (71,907) (2,691) 3, (96) (15,74) (1,249) (7,253) (18,504) 98 (28) (156) (43,832) 353 FUNDBALANCEATENDOFYEAR$1,821,16$1,929,254$1,902,821$(26,43) 38