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CAMERON PARISH POLICE JURYCameron, Louisiana

Annual Basic Financial StatementsWith Independent Auditors9 Report

As of and For the Year EndedDecember 31,2006

With Supplemental Information Schedules

Under provisions of state law, this report is a publicdocument. Acopy of the report has been submitted tothe entity and other appropriate public officials. Thereport is available for public inspection at the BatonRouge office of the Legislative Auditor and, whereappropriate, at the office of the parish clerk of court.

Release Date


Annual Basic Financial StatementsWith Independent Auditors' Report

As of and For the Year Ended December 31,2006With Supplemental Information Schedules

CONTENTS

Independent Auditors' Report

Required Supplementary Information - Part I

Management's Discussion and Analysis

Basic Financial Statements:

Statement Page

1

Government-Wide Financial Statements:

Statement of Net Assets

Statement of Activities

Fund Financial Statements:

Governmental Funds:

Balance Sheet

Reconciliation of the Governmental FundsBalance Sheet to the Statement of Net Assets

Statement of Revenues, Expenditures, andChanges in Fund Balances

Reconciliation of the Governmental Funds Statementof Revenues, Expenditures, and Changes in FundBalances to the Statement of Activities

Fiduciary Funds:

Statement of Fiduciary Net Assets

Statement of Changes in Fiduciary Net Assets

A

B

D

G

H

9

10

11

12

13

15

16

17


Annual Basic Financial StatementsWith Independent Auditors' Report

As of and For the Year Ended December 31,2006With Supplemental Information Schedules

CONTENTS (CONT.)

Schedule Page

Notes to the Financial Statements 18

Required Supplementary Information - Part n

Schedule of Revenues, Expenditures, and Changes in Fund Balances -Budget (GAAP) and Actual - General Fund 1 36

Schedule of Revenues, Expenditures, and Changes in Fund Balances -Budget (GAAP) and Actual - Road and Bridge Fund 2 37

Notes to Statement of Revenues, Expenditures, andChanges in Fund Balances - Budget (GAAP) Basisand Actual 38

Supplemental Information - Part I

Non-Major Governmental Funds:Combining Balance Sheet 3 39Combining Statement of Revenues, Expenditures, and

Changes in Fund Balances 4 40

Special Revenue Funds:Combining Balance Sheet 5 41Combining Statement of Revenues, Expenditures, and


Debt Service Funds:Combining Balance Sheet 7 54Combining Statement of Revenues, Expenditures, and


Independent Auditors9 Reports on Internal Control and Compliance:

Independent Auditors* Report on Internal Control OverFinancial Reporting and on Compliance and Other MattersBased on an Audit of Financial Statements Performed in AccordanceWith Government Auditing Standards 60

Independent Auditors' Report on Compliance With RequirementsApplicable to Each Major Program and Internal Control OverCompliance in Accordance With OMB Circular A-133 62

Schedule of Findings and Questioned Costs 9 64

Summary Schedule of Prior Audit Findings 10 66

Supplemental Information - Part II

Schedule of Compensation Paid Board Members 11 67

Schedule of Expenditure of Federal Awards 12 68

Notes to Schedule of Expenditure of Federal Awards 69

LITTLE & ASSOCIATES LLCCERTIFIED PUBLIC ACCOUNTANTS

Wm. TODO LITTLE, CPACHARLES R. MARCHBANKS, Jft., CPA

Independent Auditors' Report

To the Members of theCameron Parish Police Jury

Cameron, Louisiana

We have audited the accompanying financial statements of the governmental activities, each major fond,-and-the-aggregate remaining fund information of the Cameron Parish Police Jury, as of and for the yearended December 31, 2006, which collectively comprise the Cameron Parish Police Jury's basic financialstatements as listed in the table of contents. These financial statements are the responsibility of theCameron Parish Police Jury's management. Our responsibility is to express opinions on these financialstatements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted in the United States ofAmerica and the standards applicable to financial audits contained in Government Auditing Standards,issued by the Comptroller General of the United States. Those standards require that we plan and performthe audit to obtain reasonable assurance about whether the financial statements are free of materialmisstatement. An audit includes examining, on a test basis, evidence supporting the amounts anddisclosures in the financial statements. An audit also includes assessing the accounting principles usedand significant estimates made by management, as well as evaluating the overall financial statementpresentation. We believe that our audit provides a reasonable basis for our opinions.

In our opinion, the financial statements referred to above present fairly, in all material respects, therespective financial position of the governmental activities, each major fund, and the aggregate remainingfund information of the Cameron Parish Police Jury as of December 31, 2006, and the respective changesin financial position thereof for the year then ended in conformity with accounting principles generallyaccepted in the United States of America.

In accordance with Government Auditing Standards, we have also issued a report dated August 28, 2007,on our consideration of the Cameron Parish Police Jury's internal control over financial reporting and onour tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreementsand other matters. The purpose of that report is to describe the scope of our testing of internal controlover financial reporting and compliance and the results of that testing, and not to provide an opinion onthe internal control over financial reporting or on compliance. That report is an integral part of an auditperformed in accordance with Government Auditing Standards and should be considered in assessing theresults of our audit

Management's Discussion and Analysis and the budgetary comparison schedules on pages 3 through 8and 36 through 37, respectively, are not a required part of the basic financial statements but aresupplementary information required by accounting principles generally accepted in the United States ofAmerica. We have applied certain limited procedures, which consisted principally of inquiries of

PHONE (318) 361-9600 » RMC (318) 361-9020 » SOS NORTH 31" STREET • MONROE. LA 71201MAILJNQ ADDRESS; P. O. BOX 4058 • MONROE, LA 71211-4068

management regarding the methods of measurement and presentation of the required supplementaryinformation. However, we did not audit the information and express no opinion on it.

Our audit was conducted for the purpose of forming opinions on the financial statements that collectivelycomprise the Cameron Parish Police Jury's basic financial statements. Our report on our audit of thefinancial statements of the Cameron Parish Police Jury as of and for the year ended December 31, 2006,appears on page 1. The supplemental information schedules listed in the table of contents is presented forthe purpose of additional analysis and is not a required part of the basic financial statements. Suchinformation has been subjected to the auditing procedures applied in the audit of the basic financialstatements, and, in our opinion, the information is fairly stated in all material respects in relation to thebasic financial statements taken as a whole.

Monroe, LouisianaAugust 28, 2007

REQUIRED SUPPLEMENTARY INFORMATION

PARTI

CAMERON PARISH POLICE JURY

MANAGEMENT'S DISCUSSION AND ANALYSIS

AS OF AND FOR THE YEARENDED DECEMBER 31,2006

As Management of the Cameron Parish Police Jury, we offer readers of the Cameron ParishPolice Jury's financial statements this narrative overview and analysis of the financial activitiesof the Cameron Parish Police Jury as of and for the fiscal year ended December 31, 2006. Weencourage readers to consider the information presented here in conjunction with the PoliceJury's basic financial statements and supplementary information provided'in this report inassessing the efficiency and effectiveness of our stewardship of public resources.

The Management's Discussion and Analysis (MD&A) is an element of the new reporting modeladopted by the Governmental Accounting Standards Board (GASB) in their Statement No. 34,Basic Financial Statements - and Management's Discussion and Analysis - for State and LocalGovernments issued June 1999. Certain comparative information between the current year andthe prior year is required to be presented in the MD&A.-

OVERVIEW OF THE FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as an introduction to the Cameron ParishPolice Jury's basic financial statements. The Police Jury's basic financial statements comprise ofthree components: 1) government-wide financial statements, 2) fund financial statements, and 3)notes to the financial statements. This report also contains other supplemental information hiaddition to the basic financial statements themselves.

Government-Wide Financial Statements. The government-wide financial statements aredesigned to provide readers with a broad view of the Cameron Parish Police Jury's finances, in amanner similar to a private-sector business.

The statement of net assets presents information on all of the Cameron Parish Police Jury assetsand liabilities, with the difference between the two reported as net assets. Over time, increasesor decreases in net assets may serve as a useful indicator of whether the financial position of theCameron Parish Police Jury is improving or deteriorating.

The statement of activities presents information showing how the government's net assetschanged during the most recent fiscal year. All changes in net assets are reported as soon as theunderlying event giving rise to the change occurs; regardless of timing of related cash flows.Thus, revenues and expenses are reported in this statement for some items that will only result incash flows in future fiscal periods (for example, earned but unused vacation leave).

The government-wide financial statements can be found on pages 9-10 of this report.

Fund Financial Statements. The fund financial statement focus on current available resourcesand are organized and operated on the basis of funds, each of which is defined as a fiscal and

accounting entity with a self-balancing set of accounts established for the purpose of carrying onspecific activities or attaining certain objectives in accordance with special regulations,restrictions, or limitations. All of the funds of the Police Jury can be divided into two categories:governmental funds and proprietary funds.

Governmental Funds. Governmental funds are used to account for essentially the samefunctions reported as governmental activities in the government-wide financial statements.However, unlike the government-wide financial statements, governmental fund financialstatements focus on near-term inflows and outflows of spendable resources, as well as onbalances of spendable resources available at the end of the fiscal year. Such information may beuseful in evaluating a government's near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financialstatements, it is useful to compare the information presented for governmental funds with similarinformation presented for governmental activities hi the government-wide financial statements.By doing so, readers may better understand the long-term impact of the government's near-termfinancing decisions. Both the governmental fund balance sheet and governmental fund statementof revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate thiscomparison between governmental funds and governmental activities.

The Cameron Parish Police Jury maintains 29 individual governmental funds. Information as ofand for the year ended December 31, 2006, is presented separately in the governmental fundbalance sheet and in the governmental fund statement of revenues, expenditures, and changes infund balances for the General Fund and the Road and Bridge Maintenance Fund, which areconsidered to be major funds.

The Cameron Parish Police Jury adopts an annual appropriated budget for the general fund andthe special revenue funds. A budgetary comparison statement is provided for the major funds todemonstrate compliance with this budget.

The governmental fund financial statements can be found on pages 11 and 13 of this report.

Notes to the Financial Statements. The notes provide additional information that is essential toa full understanding of the data provided in the government-wide and fund financial statements.The notes to the financial statements can be found on pages 18 - 35 of this report.

Supplemental Information. In addition to the basic financial statements and accompanyingnotes, this report also presents required supplemental information concerning the CameronParish Police Jury's compliance with budgets for its major funds. Also, other supplementalinformation schedules are included in the report.

FINANCIAL HIGHLIGHTS

• The assets of the Police Jury exceeded its liabilities at December 31, 2006, by$31,593,561 (government-wide financial reporting).

• The Police Jury's net assets increased by $8,042,113 as aresult of this year's operations.

• At December 31, 2006, the Police Jury's governmental funds reported total ending fundbalances of $21,768,678, an increase of $3,490,055, including expenditures for capitalassets.

GOVER3NMENT-WTOE FINANCIAL ANALYSIS

NET ASSETS

GovernmentalActivities

ASSETSCurrent and other assetsCapital assets (net of accumulated depreciation):

TOTAL ASSETS

LIABILITIESOther liabilitiesLong-term liabilities outstanding

Total Liabilities

NET ASSETSInvested in capital assets, net of related debtRestrictedUnrestricted

TOTAL NET ASSETS

2006 2005

$ 27,862,534 $ 21,667,40215,320,911 8,854,021

$ 43,183,445 $ 30,521,423

$ 6,093,856 $ 3,388,7755,496,028 3,581,196

11,589,884 6,969,971

11,952,118 5,479,11215,571,682 14,422,3274,069,761 3,650,009

$ 31,593,561 $ 23.551,448

As noted earlier, net assets may serve over time as a useful indicator of a government's financialposition. At the close of the most recent fiscal year, assets of the Cameron Parish Police Juryexceeded liabilities by $31,593,561. A significant portion (38%) of the Cameron Parish PoliceJury's net assets reflects its investments in capital assets (e.g., land, buildings, and improvementsand equipments, net of accumulated depreciation), less any related debt used to acquire thoseassets that is still outstanding. These assets are not available for future spending. Although theinvestment in capital assets is reported net of related debt, the resources needed to repay this debtmust be provided from other sources.

GOVERNMENT-WIDE REVENUES, EXPENSES, AND CHANGES IN NET ASSETS:

2006 2005REVENUES

Program RevenuesGain (Loss) on ImpairmentOperating Grants and ContributionsCapital Grants and Contributions

General revenuesTaxes:

Property TaxesOther Taxes

Licenses and permitsFines, Forfeitures, and Court CostsState and Local RevenueUnrestricted investment earningsOther

Total Revenues

EXPENSESGeneral Governmental Activities:

LegislativeJudicialElectionsFinance and administrativeOther general government

Other Governmental Activies:Debt RetirementPublic SafetyPublic WorksCulture and RecreationHealth and welfareEconomic Development

Total expenses

Excess revenues over expenses

Net Assets - Beginning

Net Assets-Ending

$ - $189,898

7,053,529

5,322,36542,197357,254191,190

5,504,903696,129619,416

19,976,881

136,8291,113,27450,382600,550505,235

172,734"2,674,2575,649,742560,457161,400309,908

11,934,768

8,042,113

23,551,452

$ 31,593,565 $

214,6862,075,635316,988

5,042,50746,709342,122177,292

5,847,592242,994

1,268,945

15,575,470

142,918971,05932,067700,675428,446

47,6682,971,6534,671,246849,378205,599228,782

11,249,491

4,325,979

19,225,473

23,551,452

The most significant recurring revenues of the governmental activities are state and local revenues(28%) and taxes (27%), which include primarily, ad valorem taxes (99%) and other taxes (1%). Thecapital grants and contributions consisted primarily of FEMA funding.

Public Works expenses are the most significant (47%) of all governmental activities expenses, followedby public safety (22%). Depreciation expense is included in these amounts.

6

Governmental activities revenues increased $4,401,1411 in the current year, which is primarilyattributable to FEMA funding, which was a result of Hurricane Rita.

Governmental activities expenses increased by $685,277 in the current year. This increase wasprimarily attributable to expenditures occurred for road restoration projects.

FINANCIAL ANALYSIS OF THE POLICE JURY'S FUNDS

As noted earlier, the Police Jury uses fund accounting to ensure and demonstrate compliancewith finance-related legal requirements. The focus of the governmental funds is to provideinformation on near-term inflows, outflows, and balances of expendable resources. Suchinformation is useful in assessing the financing requirements. In particular, unreserved fundbalance may serve as a useful measure of a government's net resources available for spending atthe end of the fiscal year.

Governmental funds. As of December 31, 2006, combined governmental fund balances of$21,768,678 increased by $3,490,055 from December 31, 2005. The entire fund balance isunreserved, which is considered available for appropriation.

Governmental funds revenues increased by $4,709,848 from December 31, 2005 to December31, 2006. This increase was primarily due to Federal funds received to aid in the restorationefforts caused by Hurricane Rita. Governmental funds expenses increased by $6,962,120 fromDecember 31, 2005 to December 31, 2006. This increase is primarily attributable to restorationand recovery expenditures caused by Hurricane Rita.

GENERAL FUND BUDGETARY HIGHLIGHTS

The fond balance hi the original budget remained unchanged throughout the year.

General Fund revenues exceeded final amended budgeted revenues by $483,956. Final amendedbudgeted amount expenses exceeded General Fund expenses by $1,093,990.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital assets. The Cameron Parish Police Jury's investment in capital assets for itsgovernmental activities as of December 31, 2006, amounts to $15,320,911 (net of accumulateddepreciation). This investment includes land, buildings and improvements, and furniture andequipments.

Governmental Activities2006 2005

Land $ 634,680 $ 623,845Buildings 2,178,661 1,988,485Furniture and Equipment 8,382,699 6,599,017Books and Video 279,112 235,489Infrastructure 2,955,697 2,879,698Construction in Progress 5,017,184 158,562Less: Accumulated Depreciation (4,127,122) (3,531,074)

Total Net Capital Assets

The increase in net capital assets of $6,366,889 is attributable to restoration of buildingsdamaged and replacement of equipment destroyed due to destruction caused by Hurricane Rita.

Long-term debt. At the end of the fiscal year, Cameron Parish Police Jury had total long-termdebt of $5,496,028. See the notes to the financial statements for more information regardinglong-term debt.

ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS AND RATES

The Police Jury's budgeted revenues and expenditures for normal operations for 2007 arecomparable to 2006's actual revenue and expenditures.

The Cameron Parish Police Jury will expect to continue to incur expenses in 2007 and into 2008for disaster recovery, in an effort to rebuild critical facilities and infrastructure destroyed ordamaged by Hurricane Rita throughout Cameron Parish. The Cameron Parish Police Juryexpects to incur additional expenditures of $15,874,032 in 2007 and into 2008 for disasterrecovery and for the rebuilding of facilities and infrastructure. The parish is expected to receivean estimated $9,774,032, in FEMA reimbursements in 2007 and into 2008 for damaged facilitiesand contents. The majority of the expenditures for disaster recovery will be funded by FEMA,other grants and awards, such as LCDBG funds and Louisiana Recovery Authority controlledfunds, and insurance proceeds.

Besides disaster recovery expenditures, the Cameron Parish Police Jury does not expect anymaterial changes in normal operating revenues and expenditures in 2006.

REQUESTS FOR INFORMATION

This financial report is designed to provide a general overview of the Cameron Parish PoliceJury's finances for all those with an interest in the government's finances. Questions concerningany of the information provided in this report or request for additional financial informationshould be addressed to Bonnie Conner, Secretary Treasurer, P. O. Box 1280, Cameron,Louisiana 70631.

BASIC FINANCIAL STATEMENTS


Statement of Net AssetsDecember 31,2006

Statement A

ASSETSCashAccounts receivablesDue from other agenciesInventoryOtherCapital assets (net of accumulated depreciation):

TOTAL ASSETS

LIABILITIESAccounts, salaries, and other payablesDeferred revenueLong-term liabilities:Due in one yearDue in more than one year

Total Liabilities

NET ASSETSInvested in capital assets, net of related debtRestricted for:

Debt ServiceOther

Unrestricted

TOTAL NET ASSETS

GovernmentalActivities

$ 16,121,74011,367,658

342,32029,041

1,77515,320,911

$ 43.183,445

J 4,283,0441,810,812

536,2114,959,817

11,589.884

11,952,118

747,92814,823,7544,069.761

$ 31.593,561

The notes to the financial statements are an integral part of this statement

Statement B


Statement of ActivitiesFor the Year Ended December 31,2006

PROGRAM REVENUES

Net (Expense)Revenue and

Changes in Net Assets

EXPENSES

OPERATING CAPITAL TotalGRANTS AND GRANTS AND Governmental

CONTRIBUTIONS CONTRIBUTIONS Activities

Functions/ProgramsPrimary government;

Governmental activities:General government:

LegislativeJudicialElectionsFinance and administrativeOther general government

Debt RetirementPublic safetyPublic worksCulture and recreationHealth and welfareEconomic Development

Total governmental activities

$ 136,8291,113,27450,382600,550 65,761505,235 41,797172,734

2,674,257 350,4855,649,742 6,703,044560,457161,400 82,340309,908

(136,829)(1,113,274)(50,382)(534,789)(463,438)(172,734)

(2,323,772)1,053,302(560,457)(79,060)(309,908)

11,934,768 189,898 7,053.529 (4,691.341)

Taxes:Property taxes, levied for general purposesOther taxes for general purposes

Licenses and permitsFines Forfieturcs and Court CostsIntergovernmentalStateLocal

Interest earningsOther

Total general revenues

Excess of revenues over expenses

Net assets - January 1,2006

Net assets - December 31,2006

5,322,36542,197

357,254191,190

5,476,56028,343

696,129619.416

12.733,454

8,042,113

23,551,448

31.593.561


10


GOVERNMENTAL FUNDSBalance Sheet

December 31,2006

Statement C

MAJOR PROGRAMS

ASSETSCashInvestmentsReceivables, netDue from other agenciesInventoryOtherInterfund receivables

TOTAL ASSETS

LIABILITIES AND FUND BALANCESLiabilities:

Accounts, salaries, and other payablesDue to Other AgenciesDeferred revenueInterfund payables

Total Liabilities

Fund balances:Unreserved, undesignated, reported in:

General fundSpecial revenue fundDebt service fund

Total Fund Balances

Total liabilities and fund balances

ROAD & BRIDGEGENERAL MAINTENANCE NON-MAJOR

FUND FUND FUNDS

$

$

$

$

7,447,598 $

6,089,930342,320

909,953

14,789,801 $

1,061,991 $270,468

1,810,8125,449,5348,592,805

6,196,996

6,196,996

14,789,801 $

662,040 $

1,004,116

29,041

2,833,566

4,528,763 $

1,608,299 $

321,9781,930,277

2,598,486

2,598,486

4,528,763 $

8,012,102

4,273,612

1,7752,242,884

14,530,373— =^^^^^—

1,342,286

214,8911,557,177

12,225,268747,928

12,973,196

14.530,373

TOTAL

$ 16,121,740

11,367,658342,32029,041

1,7755,986,403

$ 33,848.937

$ 4,012,576270,468

1,810,8125,986,403

12,080,259

6,196,99614,823,754

747,92821,768,678

$ 33,848,937

The notes to the financial statements are an integral part of this statement.

11


Reconciliation of the Governmental FundsBalance Sheet to the Statement of Net Assets

December 31,2006

Statement D

Total Fund Balances at December 31,2006 - Governmental Funds

Cost of capital assets at December 31,2006

Less - accumulated depreciation as of December 31,2006

Long-term debt which is not included as a liabiltiy in the governmentalfund type balance sheet:

Bonds, notes payable, and capital leasesCompensated absences

19,448,032

(4,127,121)

(5,290,422)(205,606)

$ 21,768,678

15,320,911

(5,496,028)

Elimination of interfund assets and liabilities:Due from other fundsDue to other funds

Net Assets at December 31,2006

5,986,403(5,986,403)

$ 31,593,561


12

Statement ECAMERON PARISH POLICE JURY

Cameron, Louisiana

GOVERNMENTAL FUNDSStatement of Revenues, Expenditures, and

Changes in Fund BalancesFor the Year Ended December 31,2006

MAJOR FUNDS

REVENUESTaxes:

Ad valoremSales taxesFranchise taxOther taxes

Licenses and permitsFines, forfeitures, and court costsIntergovernmental:

FederalStateLocal


Total revenues

EXPENDITURESCurrent:

General governmentLegislative

JudicialElectionsFinance and administrativeOther General Government

Debt retirementPublic safetyPublic worksCulture and recreationHealth and WelfareEconomic Development & Assistance

Capital outlayTotal expenditures

ROAD ABRIDGEGENERAL MAINTENANCE NON-MAJOR

FUND

$ 540,044 $

37,5724,625

357,254-

2,639,8335,199,984

12,000242^57290,344

9,324,013

136,829156,54150,189

540,423478,820

-1,778,082

378,04238,57081,404

309,9081,072,8195,021,627

FUND

956,210 $

.---

2,763,870180,181

-34,102

170,9434,105,306

----

112,690-

3,948,078---

3,402,4207,463,188

FUNDS

3,826,111

191,190

1,839,72496,39516,343

419,670251,880

6,641,313

944,383--

17,284437,217651,061

1,117,753463,87067,734

-2.397,6126,096,914

TOTAL

$ 5,322^65

37,5724,625

357,254191,190

7,243,4275,476,560

28,343696,129713,167

20,070,632

136,8291,100,924

50,189540,423496,104549,907

2,429,1435,443,873

502,440149,138309,908

6,872,85118,581,729

(Continued)

13

Statement ECAMERON PARISH POLICE JURY

Cameron, Louisiana

GOVERNMENTAL FUNDSStatement of Revenues, Expenditures* and

Changes in Fund BalancesTor the Year Ended December 31,2006

MAJOR FUNDS

EXCESS (Deficiency) OF REVENUESOVER EXPENDITURES

OTHER FINANCING SOURCES (USES):Operating transfers inOperating transfers outInsurance recoveryLoan ProceedsSale of equipment

Total other financing sources (uses)

NET CHANGES IN FUND BALANCES

FUND BALANCES - JANUARY 1,2006

FUND BALANCES - DECEMBER 31,2006

ROAD & BRIDGEGENERAL MAINTENANCE NON-MAJOR

FUND FUND FUNDS

4,302,386

(3,641,500)

564,533

(3,076,967)

1,225,419

4,971,577

J 6,196,996 $

(3,357,882)

3,582,000

869,07843,181

4,494,259

1,136,377

1,462,109

2,598,486 $

544,399

59,500

36,242488,018

100583,860

1,128,259

11,844,937

12,973,196 $

TOTAL

1,488,903

3,641,500(3,641,500)

36,2421,921,629

43,2812,001,152

3,490,055

18,278,623

21,768.678


(Concluded)

14

Statement F


Reconciliation of the Governmental FundsStatement of Revenues, Expenditures, and Changes

in Fund Balances to the Statement of Activities

For the Year Ended December 31,2006

Total net change in fund balances - governmental funds (Statement E)

Gain or loss on the disposition of capital assets is reported in the Statement ofActivities but only the proceeds of the disposition of the assets are reported inthe governmental funds

Amounts reported for governmental activities in the Statementof Activities are different because:

Capital outlays are reported in governmental funds as expenditures. However,in the Statement of Activities, the cost of those assets is allocated overtheir estimated useful lives as depreciation expense. This is the amount bywhich capital outlays exceed depreciation in the period

Capital OutlayDepreciation Expense

In the Statement of Activities, certain operating expenses - compensatedabsences (vacation and sick leave) - are measured by the amounts earnedduring the year. In the governmental funds, however, expenditures for theseitems are measured by the amount of financial resources used (essentially,the amounts actually paid).

Proceeds from financing are reported as an other financing source in the governmental funds,but the proceeds increase long-term liabilities in the Statement of Net Assets

Repayment of bond principal, notes payable, and capital leases is an expenditure in thegovernmental funds, but the repayment reduces long-term liabilities in theStatement of Net Assets

Other reconciling amounts

3,490,055

(173,274)

6,872,851(603.744)

6.269,107

681

(1,921,629)

377,173

Change in net assets of governmental activities (Statement B)


15


FIDUCIARY FUNDSStatement of Fiduciary Net Assets

December 31,2006

Statement G

ASSETSCash and cash equivalents

Total Assets

LIABILITIES AND FUND BALANCESLiabilities

NET ASSETSHeld in trust

WETLANDSRESTORATIONEXPENDABLETRUST FUND

1.729

1,729

1.729


16

Statement H


FIDUCIARY FUNDSStatement of Changes in Fiduciary Net Assets


ADDITIONS:

Interest earningsTotal additions

DEDUCTIONS

CHANGES IN NET ASSETS

NET ASSETS - JANUARY 1,2006

NET ASSETS - DECEMBER 31,2006

WETLANDSRESTORATIONEXPENDABLETRUST FUND

82

82

1,647

1,729

The notes to the financial statements are an integral pan of this statement.

17

NOTES TO THE FINANCIAL STATEMENTS


Notes to the Financial StatementsAs of and For the Year Ended December 31,2006

INTRODUCTION

The Cameron Parish Police Jury is the governing authority for Cameron Parish and is a political subdivisionof the State of Louisiana. The Police Jury is governed by seven jurors representing the various districts within theparish. The jurors are currently serving a four-year term which expires in January 2008.

Louisiana Revised Statute 33:1236 gives the Police Jury various powers in regulating and directing the affairsof the parish and its inhabitants. The more notable of those are the powers to make regulations for their owngovernment, to regulate the construction and maintenance of roads and bridges, to regulate the construction andmaintenance of drainage systems, to regulate the sale of alcoholic beverages, and to provide for the health and welfareof the poor, disadvantaged, and unemployed in the parish. Funding to accomplish these tasks is provided by advalorem taxes, other taxes and licenses, state revenue sharing, and various other state and federal grants.

In accomplishing its objectives, the Police Jury also has the authority to create special districts (componentunits) within the parish. The districts perform specialized functions, such as fire protection, water distribution,sewerage collection and disposal, drainage control, library facilities, and health care facilities.

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A. BASIS OF PRESENTATION

The accompanying financial statements of the Police Jury have been prepared in conformity with U.S.generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental AccountingStandards Board (GASB) is the accepted standard setting body for establishing governmental accounting and financialreporting principles.

In June 1999, the Governmental Accounting Standards Board (GASB) unanimously approved Statement No.34, Basic Financial Statements - and Management's Discussion and Analysis -for State and Local Governments.Certain of the significant changes in the Statement include the following:

• A Management Discussion and Analysis (MD&A) section providing an analysis of the Police Jury'soverall financial position and results of operations.

• Financial statements prepared using full accrual accounting for all of the Police Jury's activities,including infrastructure (if any).

• A change in the fund financial statements to focus on the major funds.

These and other changes are reflected in the accompanying financial statements (including notes to financialstatements).


Notes to the Financial StatementsAs of and For the Year Ended December 31,2006

B. REPORTING ENTITY

As the governing authority of the parish, for reporting purposes, the Cameron Parish Police Jury is thefinancial reporting entity for Cameron Parish. The financial reporting entity consists of (a) the primary government(Police Jury), (b) organizations for which the primary government is financially accountable, and (c) otherorganizations for which the nature and significance of their relationship with the primary government are such thatexclusion would cause the reporting entity's financial statements to be misleading or incomplete.

Governmental Accounting Standards Board (GASB) Statement No. 14 (Codification Section 2100.120-140)establishes criteria for determining which component units should be considered part of the Cameron Parish PoliceJury for financial reporting purposes. The basic criterion for including a potential component unit within the reportingentity is financial accountability. The GASB has set forth criteria to be considered in determining financialaccountability. This criteria includes:

1. Appointing a voting majority of an organization's governing body,and:

a. The ability of the Police Jury to impose its will on that organizationand/or;

b. The potential for the organization to provide specific financialbenefits to or impose specific financial burdens on the Police Jury.

2. Organizations for which the Police Jury does not appoint a voting majoritybut are fiscally dependent on the Police Jury.

3. Organizations for which the reporting entity financial statements would bemisleading if data of the organization is not included because of the nature orsignificance of the relationship.

Based on the previous criteria, the Police Jury has determined that the followingcomponent units are part of the reporting entity:

Fiscal CriteriaComponent Unit Year UsedCameron Parish Library December 31 1 & 3Thirty-Eighth Judicial District Criminal Court December 31 2 & 3Fire Protection District No. 14 December 31 1 & 3Gravity Drainage District No. 3 December 31 1 & 3Gravity Drainage District No. 4 December 31 1 & 3Gravity Drainage District No. 5 December 31 1 & 3Gravity Drainage District No. 7 December 31 1 & 3Gravity Drainage District No. 8 December 31 1 & 3Gravity Drainage District No. 9 December 31 1 & 3

19


Notes to the Financial StatementsFor the Year Ended December 31,2006

Recreation District No. 5Recreation District No. 6Recreation District No. 7Recreation District No. 8Recreation District No. 9Johnson Bayou Recreation DistrictHackbeny Recreation DistrictMosquito Abatement District No. 1Waterworks & Sewerage District No. 1Waterworks District No. 2Waterworks District No. 7Waterworks District No. 9Waterworks District No. 10Waterworks District No. 11East Cameron Port, Harbor, andTerminal District

Cameron Community ActionAgency Incorporated

Ambulance District No. 1Ambulance District No. 2Beachfront Development District No. 1Beachfront Development District No. 2Cameron Parish Tax AssessorCameron Parish Clerk of CourtCameron Parish SheriffLower Cameron Hospital Service DistrictWest Cameron Port, Harbor, andTerminal DistrictSweetlake Cemetery

December 31December 31December 31December 31December 31December 31December 31December 31December 31December 31December 31December 31December 31December 31

December 31

September 30December 31December 31December 31December 31December 31

June 30June 30June 30

December 31December 31

1&31&31&31&31&31&31&31&31&31&31&31&31&31&3

1&3

11&31&31&31&32&32&32&31&3

1&32

The Police Jury has chosen to issue financial statements of the primary government (Police Jury) only;therefore, none of the previously listed component units, except as discussed in the following paragraph, areincluded in the accompanying primary government financial statements. Financial statements for thosecomponent units not included in the Police Jury's general purpose financial statements may be obtained from theoperations centers of those component units.

These primary government (Police Jury) financial statements include all funds, account groups, andorganizations for which the Police Jury maintains the accounting records. Organizations for which the Police Jurymaintains the accounting records include the Thirty-Eighth Judicial District Criminal Court, the Cameron ParishLibrary, Fire Protection District No. 14, Gravity Drainage District No.8, West Cameron Port, Harbor, andTerminal District, and Sweetlake Cemetery.

20



GASB Statement No. 14 provides for the issuance of primary government financial statements that areseparate from those of the reporting entity. However, the primary government's (Police Jury) financial statementsare not a substitute for the reporting entity's financial statements. The accompanying primary governmentfinancial statements have been prepared in conformity with U. S. generally accepted accounting principles asapplied to governmental units. These financial statements are not intended to and do not report on the reportingentity but rather are intended to reflect only the financial statements of the primary government (Police Jury).

Considered in the determination of component units of the reporting entity were the Cameron ParishSchool Board and the various municipalities in the parish. It was determined that these governmental entities arenot component units of the Cameron Parish Police Jury reporting entity because they have separately electedgoverning bodies, are legally separate, and are fiscally independent of the Cameron Parish Police Jury.

C. FUND ACCOUNTING

The Police Jury uses funds and account groups to report on its financial position and the results of itsoperations. Fund accounting is designed to demonstrate legal compliance and to aid financial management bysegregating transactions related to certain government functions or activities.

A fund is a separate accounting entity with a self-balancing set of accounts that comprises its assets,liabilities, fund equity, revenues, and expenditures. An account group, on the other hand, is a financialreporting device designed to provide accountability for certain assets and liabilities (general fixed assets andgeneral long-term obligations) that are not recorded in the "funds" because they do not directly affect netexpendable available financial resources. They are concerned only with the measurement of financial position,not with the measurement of results of operations.

Funds are classified into three categories; governmental, proprietary, and fiduciary. Each category, inturn, is divided into separate "fund types." Governmental funds are used to account for a government's generalactivities, where the focus of attention is on the providing of services to the public as opposed to proprietary fundswhere the focus of attention is on recovering the cost of providing services to the public or other agencies throughservice charges or user fees. Fiduciary funds are used to account for assets held for others. The Police Jury'scurrent operations require the use of governmental and fiduciary funds, described as follows:

Governmental Funds:

General Fund

The General Fund is the general operating fund of the Police Jury. It accounts for all activitiesexcept those required to be accounted for in other funds.

Special Revenue Funds

Special revenue funds are used to account for the proceeds of specific revenue sources such as advalorem taxes, sales taxes, and federal grants. Those revenues are legally restricted, either by taxproposition or grant agreement, to expenditures for specified purposes such as road and drainagemaintenance and construction, library operation, hospital operation, etc.

21



Debt Service Funds

Debt service funds are used to account for the accumulation of resources and for the payment ofprincipal and interest on general long-term debt.

Capital Projects Funds

Capital projects funds are used to account for financial resources received and used for theacquisition, construction, or improvement of capital facilities not reported in the other governmentalfunds.

Fiduciary Funds:

Fiduciary funds are used to account for assets held on behalf of outside parties, including othergovernments, or on behalf of other funds within the Police Jury. The Police Jury's only fiduciary fund isthe Wetlands Restoration Expendable Trust Fund.

The Wetlands Restoration Expendable Trust Fund accounts for the proceeds of an irrevocabledonation to the Cameron Parish Police Jury to be held in trust for the benefit and restoration of certainCameron Parish wetlands. The expendable trust fund is accounted for in essentially the same manner asgovernmental funds. The purpose of the trust fund is to prevent further degradation of the ecologicalcharacter of the Grand Chenier Plain Coastal System and to slow saltwater intrusion into fresh water.Under the conditions of the trust agreement, the Police Jury recommends marsh management projects,which are funded by trust fund monies.

D. MEASUREMENT FOCUS/BASIS OF ACCOUNTING

Government-Wide Financial Statements (GWFS)

The Statement of Net Assets (Statement A) and the Statement of Activities (Statement B) displayinformation about the reporting government as a whole. These statements include all the financial activities of thePolice Jury.

The GWFS were prepared using the economic resources measurement focus and the accrual basis ofaccounting. Revenues, expenses, gains, losses, assets and liabilities resulting from exchange or exchange-liketransactions are recognized when the exchange occurs (regardless of when cash is received or disbursed).Revenues, expenses, gains, losses, assets and liabilities resulting from nonexchange transactions are recognized inaccordance with the requirements of GASB Statement No. 33, Accounting and Financial Reporting forNonexchange Transactions.

Program Revenues - Program revenues included in the Statement of Activities (Statement B) derivedirectly from parties outside the Police Jury's taxpayers or citizenry, as a whole; program revenues reduce the costof the function to be financed from the Police Jury's general revenues.

22



Direct Expenses - The Police Jury reports all direct expenses by function in the Statement of Activities(Statement B). Direct expenses are those that are clearly identifiable with a function. Depreciation expense,which can be specifically identified by function, is included in the direct expenses of each function. Interest ongeneral long-term debt is considered an indirect expense and is reported separately on the Statement of Activities.

Fund Financial Statements (FFS)

Governmental funds are accounted for using a current financial resources measurement focus. With thismeasurement focus, only current assets and current liabilities are generally included on the balance sheet Thestatement of revenues, expenditures, and changes in fund balances reports on the sources (i.e., revenues and otherfinancing sources) and uses (i.e., expenditures and other financing uses) of current financial resources. Thisapproach differs from the manner in which the governmental activities of the government-wide financialstatements are prepared. Governmental fund financial statements therefore include a reconciliation with briefexplanations to better identify the relationship between the government-wide statements and the statements forgovernmental funds.

Fund financial statements report detailed information about the Police Jury. The focus of governmentalfund financial statements is on major funds rather than reporting funds by type. Each major fund and theaggregate of the remaining funds (nonmajor funds) are reported in separate columns in the Balance Sheet(Statement C) and in the Statement of Revenues, Expenditures, and Changes in Fund Balances (Statement E).

Governmental funds use the modified accrual basis of accounting. Under the modified accrual basis ofaccounting, revenues are recognized when susceptible to accrual (i.e., when they become both measurable andavailable). Measurable means the amount of the transaction can be determined and available means collectiblewithin the current period or soon enough thereafter to pay liabilities of the current period. The Police Juryconsiders all revenues available if they are collected within 60 days after the fiscal year end. Expenditures arerecorded when the related fund liability is incurred, except for interest and principal payments on general long-term debt which is recognized when due, and certain compensated absences and claims and judgments which arerecognized when the obligations are expected to be liquidated with expendable available financial resources. Thegovernmental funds use the following practices in recording revenues and expenditures:

Revenues

Those revenues susceptible to accrual are property taxes, state revenue sharing, and grant income. Fines,permit and license revenues are not susceptible to accrual because generally they are not measurable untilreceived in cash.

Interest earnings are recorded when the investments have matured and the interest is available.

Expenditures

Salaries are recorded as expenditures when earned by employees.

Purchases of various operating supplies, etc. are recorded as expenditures when the related fund liabilityis incurred.

23



Compensated absences are recognized as expenditures when leave is actually taken or when employees,or their heirs, are paid for accrued leave upon retirement or death.

Principal and interest on long-term debt are recognized when due.

Other Financing Sources (Uses)

Transfers between funds that are not expected to be repaid, sale of fixed assets, and long-term debtproceeds, are accounted for as other financing sources (uses). These other financing sources (uses) are recognizedat the time the underlying events occur.

E. CAPITAL ASSETS

Capital assets are capitalized at historical cost or estimated cost if historical cost is not available. Donatedassets are recorded as capital assets at their estimated fair market value at the date of donation. Approximately 3%of fixed assets are valued at estimated historical costs based on the actual costs of like items while the remaining97% are based on actual historical costs. The Police Jury maintains a threshold level of $1,000 or more forcapitalizing capital assets.

Capital assets and related expenses are recorded in the Statement of Net Assets and Statement ofActivities, respectively, but are not reported in the fund financial statements. Since surplus assets are sold for animmaterial amount when declared as no longer needed for public purposes, no salvage value is taken intoconsideration for depreciation purposes. Infrastructure is reported for depreciation purposes on a prospectivebasis beginning January 1, 2005. All capital assets are depreciated using the straight-line method over thefollowing useful lives:

EstimatedDescription Lives

Buildings 25 - 40 yearsFurniture and Equipment 5-15 yearsBooks and videos 7 yearsInfrastructure:Roads 40 years

The cost of normal maintenance and repairs that do not add to the value of fixed assets or materiallyextend their useful lives are not capitalized but are only recognized as a normal current expenditure of thegovernmental funds.

24


Notes to the Financial StatementsFor the Year Ended December 31, 2006

F. DEPOSITS

Under state law, the Police Jury may deposit funds in demand deposits, interest bearing demand deposits,money market accounts, or time deposits with state banks organized under Louisiana law and national bankshaving principal offices in Louisiana.

Deposits are stated at cost, which approximates fair value. Under state law, these deposits, or theresulting bank balances, must be secured by federal deposit insurance or the pledge of securities. The fair valueof the pledged securities plus the federal deposit insurance must at all times equal the amount on deposit with thefiscal agent. These securities are held in the name of the pledging fiscal agent bank in a holding or custodial bankthat is mutually acceptable to both parties.

At December 31, 2006, the Police Jury's carrying amount (book balances) of deposits was $16,121,740which includes the following:

Demand Deposits $ 5,271,241Petty Cash 695Cash with fiscal agent 317Time deposits 10,849,487

Total S 16,121,740

These deposits are stated at cost, which approximates market. Under state law, these deposits, or theresulting bank balances, must be secured by federal deposit insurance or the pledge of securities. The marketvalue of the pledged securities plus the federal deposit insurance must at all times equal the amount on depositwith the fiscal agent.

Custodial credit risk is the risk that in the event of a bank failure, the government's deposits may not bereturned to it. The government does not have a deposit policy for custodial credit risk. As of December 31,2006,the Police Jury's bank (deposit) balance totaled $16,021,507, none of which is exposed to custodial credit risk.

G. INVENTORY

Inventory of the Parishwide Road and Bridge Maintenance Fund is valued at cost (first-in, first-out).Inventories consist of expendable supplies held for consumption. The expenditures are recognized when theitems are purchased.

H. VACATION AND SICK LEAVE

Employees, including employees of the library and criminal court, may accumulate from 5 to 25 days ofannual leave, depending on their length of service with the parish. Vacation leave can be accumulated withoutlimitation. Upon resignation or retirement, unused vacation leave is paid to the employee at the employee'scurrent rate of pay for the amount accumulated at July 2, 1990, in addition to unused vacation leave earned sincethat date not to exceed $3,000. Upon retirement, the excess unpaid annual leave is used in the retirement benefit

25


Notes to the Financial StatementsFor the Year Ended December 31, 2006

computation as earned service. Employees may accumulate 12 to 18 days of sick leave each year, depending ontheir length of service. Sick leave may be accumulated without limitation. Any unused accumulated sick leave isforfeited by the employee at the time of resignation or retirement.

At December 31, 2006, employees have accumulated and vested $205,606 of employee leave benefits,computed in accordance with GASB Codification Section C60.

The cost of leave privileges, computed in accordance with the previous codification, is recognized as acurrent year expenditure within the governmental funds when leave is actually taken.

The West Cameron Port, Harbor, and Terminal District and the Gravity Drainage District No. 8 have noemployees; therefore, there are no policies for vacation and sick leave.

L INTERFUND RECEIVABLES/PAYABLES

During the course of operations, numerous transactions occur between individual funds for goodsprovided or services rendered. These receivables and payables are short term in nature and are classified asinterfund receivables or interfund payables on the Balance Sheet (Statement C).

J. RESTRICTED NET ASSETS

For the government-wide statement of net assets, net assets are reported as restricted when constraints placedon net asset use are either:

1. Externally imposed by creditors (such as debt covenants), grantors, contributors, or laws or regulations ofother governments; or

2. Imposed by law through constitutional provisions or enabling legislation.

K. FUND EQUITY

In the fund financial statements, governmental funds report reservations of fund balance for amounts thatare not available for appropriation or are legally restricted by outside parties for use for a specific purpose.Designations of fund balance represent tentative management plans that are subject to change.

L. ESTIMATES

The preparation of financial statements in conformity with accounting principles generally accepted in theUnited States of America require management to make estimates and assumptions that affect the reportedamounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financialstatements and the reported amounts of revenues, expenditures, and expenses during the reporting period. Actualresults could differ from those estimates.

26



M. RISK MANAGEMENT

The Police Jury is exposed to various risk of loss related to torts; thefts of, damage to, and destruction ofassets; errors and omissions; and injuries to employees. To handle such risk of loss, the Police Jury maintainscommercial insurance policies covering: automobile liability, surety bond coverage, flood insurance, and propertyinsurance. In addition to the above policies, the Police Jury maintains a general liability policy and an errors andomissions policy.

To cover its risk associated with injuries to employees, the Police Juiy is self- insured up to $225,000 peroccurrence. Claims over and above this amount are insured through insurance coverage. No claims were paid onany of the policies during the past three years which exceeded the policies' coverage amount.

2. LEVIED TAXES

The following is a summary of authorized and levied ad valorem taxes:

Parishwide taxes:ParishRoad maintenance and constructionGarbageCourthouse maintenanceLibrary maintenanceHealth unit maintenance

Fire protection districts:No. 1:

MaintenanceNo. 7:

MaintenanceBonds

No. 9:Maintenance

No. 10:Maintenance

No. 14 - MaintenanceNo. 15 - MaintenanceNo. 16:

MaintenanceBonds

Hackberry:Maintenance

AuthorizedMillage

LeviedMillage

ExpirationDate

3.726.617.862.646.001.32

5.00

4.07Variable

2.54

7.715.707.96

11.32Variable

4.71

3.726.617.862.645.751.32

5.00

4.077.60

2.54

7.715.067.96

11.174.40

4.71

Indefinite20132014201320092013

2014

20072038

2012

201220112011

20102010

2014

27

CAMERON PARISH POLICE JURYCameron, Louisiana ,


AuthorizedMillage

LeviedMillage

ExpirationDate

West Cameron Port Variable 4.20 2013

The difference between authorized and levied millages is the result of reassessments of the taxableproperty required by Article 7, Section 18 of the Louisiana Constitution of 1974.

The following are the principal taxpayers for the parish and their 2006 assessed valuation:

Natural Gas PipelineANR Pipeline Co.Transcontinental GasCitgo Petroleum Co.Hilcorp Energy CompanyTarga Mistream, Inc.Tenneco, Inc.Eddison Chouest Offshore LLCChevronTexaco Expl & ProdTexas Eastern Transmission

Total

2006 AssessedValuation

$ 10,716,6506,003,7605,516,7505,196,0054,389,2383,783,7113,183,1002,916,9002,986,3862,761,750

$ 47,454,250

Percent ofTotal

AssessedValuation

7.06%3.96%3:63%3.42%2.89%2.49%2.10%1.92%1.97%1.82%

31.27%

I. RECEIVABLES

The following is a summary of receivables at December 31,2006:

Taxes - Ad valoremIntergovernmental:

FederalState

OtherTotal

Special Revenue Debt ServiceGeneral Fund Funds Funds Total$

$

540,446

4,398,9651,068,43982,080

6,089,930

$

$

4,294,753

.32,394424,492

4,751,639

$

$

526,089

--

-526,089

$ 5,361,288

4,398,9651,100,833506,572

$ 11,367,658

28



3. CAPITAL ASSETS

The following schedule presents changes in capital assets for the year ended December 31,2006:

Capital assets not being depreciated:LandConstruction in progress

Total capital assets not being depreciated

Capital assets being depreciated:Building and improvementsBooks and videosEquipment and furniture

InfrastructureTotal capital assets being depreciated

Less accumulated depreciation

Total capital assets being depreciated, net

Total capital assets, net

Depreciation was charged to functions as follows:

$

$

BalanceJanuary 1

623,845158,562782,407

2,002,325221,648

6,599,017

2,879,69711,702,687

3,631,074

8,071,613

8,854,020

Additions

$ 10,835

4,998,3115,009,146

176,33657,464

1,924,964

76,0002,234,764

603,744

1,631,020

$ 6,640,166

Deletions

$(139,689)(139,689)

(141,282)

(141,282)

(107,696)

(33,586)

$ (173,275)

BalanceDecember 31

$ 634,6805,017,1845,651,864

2,178,661279,112

8,382,699

2,955,69713,796,169

4,127,122

9,669,047

$ 15,320,911

Governmental Activities:General Government:

ElectionsFinance and AdministrationJudicialOther

Public SafetyPublic Works

Health and Welfare

Culture and RecreationTotal

$

$

19360,127

12,350

9,812245,114

205,819

12,262

58,067

603,744

29



4. PENSION PLAN

Substantially all employees of the Cameron Parish Police Jury are members of the Parochial EmployeesRetirement System of Louisiana (System), a cost-sharing, a multiple-employer defined benefit pension planadministered by a separate board of trustees. The System is composed of two plans, Plan A and Plan B, withseparate assets and benefit provisions. AH employees of the Police Jury are members of Plan A.

All permanent employees working at least twenty-eight hours per week who are paid wholly or in partfrom parish funds and all elected parish officials are eligible to participate in the System. Under Plan A,employees who retire at or after age 60 with at least 10 years of creditable service, at or after age 55 with at least25 years of creditable service, or at any age with at least 30 years of creditable service are entitled to a retirementbenefit, payable monthly for life, equal to 3 per cent of their final-average salary for each year of creditableservice. However, for those employees who were members of the supplemental plan only before January 1,1980,the benefit is equal to one per cent of final-average salary plus $24 for each year of supplemental-plan-onlyservice earned before January 1,1980, plus 3 percent of final-average salary for each year of service credited afterthe revision date. Final-average salary is the employee's average salary over the 36 consecutive or joined monthsthat produce the highest average. Employees who terminate with at least the amount of creditable service statedabove and do not withdraw their employee contributions, may retire at the ages specified above and receive thebenefit accrued to their date of termination. The System also provides death and disability benefits. Benefits areestablished or amended by state statute.

The System issues an annual publicly available financial report that includes financial statements andrequired supplementary information for the System. That report may be obtained by writing to the ParochialEmployees* Retirement System, Post Office Box 14619, Baton Rouge, Louisiana 70898-4619, or by calling (504)928-1361.

Under Plan A, members are required by state statute to contribute 9.50 percent of their annual coveredsalary and the Cameron Parish Police Jury is required to contribute at an actuarially determined rate. The currentrate is 11.75 percent of annual covered payroll. Contributions to the System also include one-fourth of one percent of the taxes shown to be collectible by the tax rolls of each parish, except Orleans and East Baton RougeParishes. These tax dollars are divided between Plan A and Plan B, based proportionately on the salaries of theactive members of each plan. The contribution requirements of plan members and the Cameron Parish PoliceJury are established and may be amended by state statute. As provided by Louisiana Revised Statute 11:103, theemployer contributions are determined by actuarial valuation and are subject to change each year based on theresults of the valuation for the prior fiscal year. The Cameron Parish Police Jury's contributions to the Systemunder Plan A for the years ending December 31,2006, 2005, and 2004, were $356,676, $375,138, and $309,257,respectively, equal to the required contributions for each year.

5. POST RETIREMENT HEALTH CARE AND LIFE INSURANCE BENEFITS

The Police Jury provides certain continuing health care and life insurance benefits for its retiredemployees. Substantially all of the Police Jury's employees become eligible for these benefits if they reachnormal retirement age while working for the Police Jury. These benefits for retirees and similar benefits foractive employees are provided through an insurance company whose monthly premiums are paid jointly by theemployee and the Police Jury. The Police Jury's costs of providing retiree health care and life insurance benefits

30



are recognized as expenditures when the monthly premiums are paid. For 2006, the costs for retirees' benefitstotaled $9,655.

6. LEASES

Operating Leases

The Police Jury has operating leases for garbage dump sites, shell dump sites, ball parks, recreationareas, and access roads. The minimum annual commitments under noncancellable operating leases are asfollows:

Fiscal year:2007 7,222

Total $7,222

Capital Leases

The Police Jury has capital leases for various maintenance equipment including tractors, mowers,rotary cutters, and trucks. The net minimum annual payments on these leases are as follows:

Minimum lease payments under capital leases:2007 $ 80,6202008 112,6902009 94,425

Total minimum lease payments 287,735Less amount for interest (29,368)

Net minimum annual lease payments $ 258,367

7. CHANGES IN GENERAL LONG-TERM OBLIGATIONS

The following is a summary of long-term obligation transactions for the year ended December 31,2006:

Capitalized Long-term CompensatedLoans Leases Bonds Absences Total

Long-term debt-Beginning $ 167,908 $ - $ 3,207,000 $ 206,288 $ 3,581,196Additions 1,921,629 371,057 160,491 2,453,177Deductions (34,483) (112,690) (230,000) (161,172) (538,345)

Long-term debt - Ending $ 2,055,054 $ 258,367 $ 2,977,000 $ 205,607 $ 5,496,028

31



General obligation bonds are comprised of the following individual issues:

Fire District No. 16 of Cameron Parish - $125,000. Issue of November 1,1991, due in annual installments of $5,000 to $10,000 through November1,2011; interest at 5.90 to 12.00 per cent. Debt retirements are made fromFire District No. 16 Debt Service Fund. $ 50,000

West Cameron Port, Harbor and Terminal District - $3,500,000. Issue ofMay 1, 2000, due in annual installments of $145,000 to $345,000 throughMay 1, 2015; interest at 5.50 to 8.00 per cent. Debt retirements are madefrom West Cameron Port, Harbor and Terminal District Debt Service Fund. 2,475,000

Fire District No. 7 of Cameron Parish - $585,000. Issue of May 1, 2000,due in annual installments of $20,000 to $40,000 through May 1,2020 anddue in annual installments of $1,000 from 2021 through 2040; interest at5.00 per cent. Debt retirements are made from Fire District No. 7 DebtService Fund. 452'000

Total General Obligation Bonds $ 2,977,000

The annual requirements to amortize all bonds outstanding at December 31, 2006, including interestpayments of $902,368, are as follows:

Year ending:200720082009201020112012-20162017-20212022-2040

Total

$ 398,577400,400401,330406,227405,145

1,651,814189,77526,100

$ 3,879,368

As shown on Statement A, $747,928 is available in debt service funds to service the general obligationbonds.

General obligation bonds are secured by an annual ad valorem tax levy. In accordance with LouisianaRevised Statute 39:562, the Police Juiy is legally restricted from incurring long-term bonded debt in excess of 10per cent of the assessed value of taxable property in the parish. At December 31, 2006, the statutory limit is$11,977,878.

32



On May 9, 2003, the Police Jury obtained a bank loan of $100,000 for purchase of a fire truck for FireProtection District No. 14. The note carries an annual interest rate of 4.62 per cent and is payable upon demand.On November 11, 2003, the Police Jury obtained a bank loan of $100,000 for the purchase of fire equipment forthe Fire Protection District No. 9. The note carries an annual interest rate of 4.62 per cent and is payable upondemand. On November 11, 2003, the Police Jury obtained a bank loan of $37,000 for the purchase of a new firetruck for the Fire Protection District #15. The note carries an annual interest rate of 4.62 per cent and is payableupon demand. If no demand is made, the loans are payable in annual principal and interest installments asfollows:

20072008200920102011Total

In 2006, the Police Jury obtained a Community Disaster Loan from the Department of Homeland Securityin the amount of $ 1,921,629. The loan bears interest at a rate of 2.74% per annum and matures in 2010, at whichtime the principal and any accrued and unpaid interest are due.

8. DUE FROM/TO OTHER FUNDS

Individual amounts due from/to other funds at December 31,2006, are as follows:

$

$

42,32242,322

34,098

15,166

15,166

149,074

Due From OtherFunds

Due to OtherFunds

General FundDebt Service Funds

Fire# 16 Sinking FundHackberry Fire FundFire # 7 Sinking FundGravity Drainage District No. 8 SinkingWest Cameron Port Sinking Fund

Special Revenue Funds:Parishwide Road and Bridge MaintenanceParishwide GarbageCourthouse and Jail MaintenanceHealth Unit MaintenanceCriminal Court Fund

Cameron Parish LibraryCameron Communications DistrictFire Protection District No. 1 MaintenanceFire Protection District No. 7 MaintenanceFire Protection District No. 9 MaintenanceFire Protection District No. 10 MaintenanceFire Protection District No. 14 Maintenance

$ 909,953 $ 5,449,538

8,6571,0324,65912,926

2,833,566273,041956,520465,47539,631123,6744,45556,35028,20121,04228,11351,762

18,491

5,000

321,97850,27811,19422,22219,89868,255979

1,251148

1,082

801

33



Fire Protection District No. 15 Maintenance - 1,114Fire Protection District No. 16 Maintenance 7,545Hackberry Fire Maintenance 25,798 1,251Gravity Drainage District No. 8 Maintenance 134,005 12,926

Total $ 5,986,405 $ 5,986,405

9. DUE FROM/TO OTHER AGENCIES

At December 31,2006, $342,320 was due from other agencies. Individual amounts due from/due to otheragencies are at December 31,2006, are as follows:

General Fund:Mosquito Abatement District No. 1 $ 4,917Gravity Drainage Districts:

No. 7 27,965Recreation Districts:

No. 5 19,674No. 7 1,690

Ambulance Districts 5,800Indigent Defender 5,084Waterworks Districts:

No. 1 45,748No. 2 13,675No. 7 75,416No. 9 2,937No. 10 28,719No. 11 24,867

Other agencies 85,829Total General Fund $ 342,965

10. RESERVED AND DESIGNATEDFUND BALANCES

In accordance with a resolution dated December 7,1993, the Police Jury has designated a portion of thefund balance of the General Fund to provide self-insurance for worker's compensation. The initial designationwas $300,000 from the General Fund with the remainder to be made up from contributions by other parishagencies over a three-year period. At December 31, 2006, the designated fund balance for the worker'scompensation self-insurance was $168,415.

In accordance with a resolution dated October 4, 1994, the Police Jury designated a portion of the fundbalance of the General Fund as a property insurance trust. The initial designation is to be made up ofcontributions from the General Fund and other parish agencies to provide funds for the deductible on the property

34



insurance policy in the case of windstorm damage. At December 31, 2006, the designated fund balance for theproperty insurance trust was $23,573.

Total designated fund balance for the General Fund at December 31,2006, was $191,988.

On July 5, 1994, the Police Jury designated a portion of the fund balance of the Road and Bridge Fund toprovide for future road projects. The initial designation was $350,000. A portion of the designated balance wasused for a road project in 1995. At December 31, 2006, the designated fund balance for the Road and BridgeTrust was $19,382.

The debt service funds have reserved $747,928 of fund balances for debt service.

11. COMMUNICATIONS DISTRICT - E-911 TELEPHONEASSISTANCE SYSTEM

The Cameron Parish Police Jury implemented its E-911 Telephone Assistance System as follows:

Year Implementation Action1992 Creation of the Communications District1993 Appointment of the Board of Commissioners1994 Full Implementation of the System

12. LITIGATION

At December 31, 2006, the Police Jury was not involved in any lawsuits as a defendant nor was it awareof any outstanding claims, which are not covered by insurance.

13. PRIOR PERIOD ADJUSTMENT

As of and for the year ended December 31, 2005, accounts receivable for insurance proceeds and insuranceproceeds revenues were overstated by $1,115,281. The beginning fund balance and net assets balance have beendecreased by $1,115,281 to reflect the correction of such overstatement.

35

REQUIRED SUPPLEMENTARY INFORMATION

PART II

Schedule A


GENERAL FUNDBudgetary Comparison Schedule


REVENUESTaxes:

Ad valoremSales taxesFranchise taxOther taxes

Licenses and permitsIntergovernmental

FederalStateLocal


Total revenues


General governmentLegislative

JudicialElectionsFinance and administrativeOther General Government

Public safetyPublic worksParks and recreationHealth and welfareEconomic Development and assistance



OTHER FINANCING SOURCES (Uses):Operating transfers inOperating transfers outInsurance recoveryLoan Proceeds

Total otter financing sources (uses)




ORIGINALBUDGET

$ 212,000250

15,0005,000

184,204

3,058,1032,818,350 .

12,00010,150 '

-

6,315,057

148,683182,28940,723

400,304210,450385,675167,936

1,60589,000

225,7711,000.0002,852,436

3,462,621

(2,171,550)

„(2,171,550)

1,291.071

4,971,577

$ 6,262,648

FINALBUDGET

$ 537,000250

15,0005,000

334.204

3,058,1034,568,350

312,00010,150

-

8,840,057

148,683184,50248,762

558,614261,903

1,108,4981,957,936

17,01189,000

740,7081,000,0006,115,617

2,724,440

(3,746,550)

.(3.746,550)

(1,022,110)

4,971,577

$ 3.949,467

ACTUAL(BUDGETARY

BASIS)

S 540,044•

37,5724,625

357,254

2,347,2335,199,984

12,000242,357582,944

9,324.013

136,829156,54150,189

540,423478,820

1,778,082378,04238,57081,404

309,9081,072,8195,021,627

4,302,386

(3,641,500)

564,533(3,076,967)

1,225,419

4,971,577

$ 6,196,996

VARIANCEWITH FINAL

BUDGETPositive

(Negative)

$ 3,044(250)

22,572(375)

23,050

(710,870)631,634

(300,000)232,207582,944

483.956

11,85427,961(1,427)18,191

(216,917)(669,584)

1,579,894(21,559)

7,596430,800(72,819)

1,093,990

1.577,946

105,050

564,533669.583

W47,529

-

$ 2,247,529

(Concluded)

36

Schedule B


ROAD AND BRIDGE MAINTENANCEBudgetary Comparison Schedule


REVENUESTaxes:

Ad valoremIntergovernmentalState

Federal FundsInterest earningsOther

Total revenues


Public worksCapital outlay

Total expenditures


OTHER FINANCING SOURCES (Uses):Operating transfers inDebt RetirementLoan ProceedsSale of Equipment





ORIGINALBUDGET

$ 380,000

156,3237,7503,750

50,000597,823

2,757,612

2,757,612

(2,159.789)

1,874,789

1.874,789

(285,000)

1,462.109

$ 1.177.109

ACTUALFINAL (BUDGETARY

BUDGET BASIS)

$ 955,000 $

266,3237,7503,750

50.0001,282,823

4,183,8283,205,5087,389,336

(6,106,513)

3,693,757

3,693,757

(2,412,756)

1.462.109

$ (950,647) $

956,210

180,1812,763,870

34,102170,943

4,105,306

3,948,0783,402,4207,350,49$

(3,245,192)

3,582,000(112,690)869,07843,181

4,381,569

1,136377

1,462,109

2,598,486

VARIANCEWITH FINAL

BUDGETPositive

(Negative)

$ 1,210

(86,142)2,756,120

30,352120,943

2.822,483

235,750(196,912)

38,838

2,861,321

(111,757)(112.690)869.07843,181

687,812

3,549,133

$ 3,549,133

(Concluded)

37


Notes to Budgetary ComparisonFor the Year Ended December 31,2006

NOTE 1 - BUDGETARY POLICIES

Preliminary budgets for the ensuing year are prepared by the treasurer beginningin October of each year. During November the finance committee reviews the proposedbudgets and makes changes as it deems appropriate. The availability of the proposedbudgets for public inspection and the date of the public hearing on the budgets are thenadvertised in the official journal. Prior to its regular December meeting, the jury holds apublic hearing on the proposed budgets in order to receive comments from citizens.Changes are made to the proposed budgets based on the public hearing and the desiresof the police jury as a whole. Budgets are then adopted during the regular Decembermeeting, and notice is published in the official journal.

During the year, the police jury receives monthly budget comparison statementswhich are used as a tool to control the operations of the parish. The treasurer presentsnecessary budget amendments to the jury when she determines that actual operations arediffering materially from those anticipated in the original budget. The jury in regularsession reviews the proposed amendments, makes necessary changes, and formallyadopts the amendments. The adoption of amendments are included in jury minutespublished in the official journal. The police jury exercises budgetary control at thefunctional level. Within functional levels, the treasurer has the authority to makeamendments as necessary. The police jury uses encumbrance accounting. Outstandingpurchase orders are considered to assure that current-year appropriations are notexceeded. Outstanding encumbrances are reappropriated in the ensuing year's budget.Budget comparison statements included in the accompanying financial statements includethe original adopted budgets and all subsequent amendments.

38

OTHER SUPPLEMENTAL INFORMATION - PART I


Combining Balance SheetNONMAJOR GOVERNMENTAL FUNDS

December 31,2006

Schedule 3

ASSETSCash and cash equivalentsReceivables, netBond origination costs, net and otherInterftmd receivables

TOTAL ASSETS

LIABILITIES AND FUND BALANCESLiabilities:Accounts, salaries, and other payablesInterfimd payables

Total Liabilities

Fund balances;Unreserved, undesignated, reported in:

Special revenue fundDebt service fondCapital Projects Fund

Total Fund Balances


SPECIAL DEBTREVENUE SERVICE

FUNDS FUNDS

$ 7,777,194 $3,747,523

1,7752,215,610

$ 13,742,102 $

234,908526,089

27,274

788,271

TOTAL

$ 8,012,1024,273,612

1,7752,242,884

$____H530,373

$ 1,325,434 $ 16,852191,400 23,491

1,516,834

12,225,268

12,225.268

40,343

747,928

747,928

$ 1,342,286214,891

1,557,177

12,225,268747,928

12,973,196

$ 13.742,102 $ 788.271 $ 14,530,373

39


NONMAJOR GOVERNMENTAL FUNDSCombining Schedule of Revenues, Expenditures, and Fund Balances


Schedule 4

REVENUESTaxes:

Ad valoremFines, forfeitures, and court costsIntergovernmental:

State revenue sharingOther state revenuesFederal grantsLocal


Total revenues


General government:JudicialOther

Debt retirementPublic safetyPublic worksCulture and recreationHealth and welfare



OTHER FINANCING SOURCES (Uses):Operating transfers inOperating transfers outInsurance ProceedsLoan ProceedsSale of capital assets





SPECIALREVENUE

FUNDS

$ 3,312,711191,190

9,07187,324

1,839,72416,343

407,205250,080

6,113,648

944,383

42,322651,061

1,117,753463,87067,734

2,397,6125,684,735

428,913

59,500

36,242488,018

100583,860

1,012,773

11,212,495

DEBTSERVICE

FUNDS

$ 513,400

12,4651,800

527,665

17,284394,895

412,179

115.486

-

115,486

632,442

TOTAL

$ 3,826,111191,190

9,07187,324

1,839,72416,343

419,670251,880

6,641,313

944,38317,284

437,217651,061

1,117,753463,87067,734

2,397,6126,096,914

544,399

59,500

36,242488,018

100583,860

1,128,259

11,844,937

$ 12.225.268 $ 747,928 $ 12.973,196

40


SPECIAL REVENUE FUNDS (Non-Major)Combining Balance Sheet

December 31,2006

Schedule 5

ASSETSCash and cash equivalentsReceivables, netBond origination costs and otherInternmd receivables

Total Assets

LIABILITIES AND FUND BALANCESLiabilities:Accounts, salaries, and other payablesInterfund payables

Total Liabilities


Special revenue fundTotal Fund Balances

Total Liabilities and Fund Balances

COURT-HOUSE PARISHWIDEAND JAIL GARBAGE

$

$

$

907,231 $388,562

956,520

2,252,313 $

588,375 $11,195

599,570

1,652,7431,652,743

810,2381,153,591

273,041

2,236,870

252,14250,278

302,420

1,934,4501,934,450

HEALTHUNIT

$ 693,155193,034

465,475

$ 1,351,664

$ 205,03022,222

227,252

1,124,4121,124,412

$ 2.252,313 $ 2,236,870 $ 1,351,664

41



December 31,2006

Schedule 5

ASSETSCash and cash equivalentsReceivables, netBond origination costs and otherInterfund receivables

Total Assets


Total Liabilities




COMMUNI-CRIMINAL CATIONS

COURT DISTRICT LIBRARY

$ 27,801 $21,408

39,631

$ 88,840 $

18,538 $19,89938,437

50,40350,403

331,701 $6,897

4,455

343,053 $

10,015 $979

10,994

332,059332,059

J, 680,099835,384

123,674

2,639,157

96,65268,255

164,907

2,474,2502,474,250

88.840 343,053 $ 2,639,157

42



December 31,2006

Schedule 5

FIRE FIRE FIRE FIREDISTRICT #1 DISTRICT #7 DISTRICT #9 DISTRICT #10

ASSETSCash and cash equivalentsReceivables, netBond origination costs and otherInterfiind receivables

Total Assets

LIABILITIES AND FUND BALANCESLiabilities:Accounts, salaries, and other payablesInterfiind payables

Total Liabilities




$

$

$

852,034 $142,618

56,350

1,051,002 $

31,258 $1,251

32,509

1,018,4931,018,493

331,449 $29,694

28,201

389,344 $

49,062 $148

49,210

340,134340,134

519,369443,553

21,042

983,964

18,4241,08219,506

964,458964,458

$ 951,779312,611

28,112

$ 1,292,502

$ 18,277

18,277

1,274,2251,274,225

389.344 $ 983.964 $ 1.292,502

43

Schedule 5



December 31,2006


Total Assets

FIRE FIRE HACKBERRY FIREDISTRICT #14 DISTRICT #15 FIRE DISTRICT DISTRICT #16

54,755 $66,909

51,762

173,426 $

9,33019,013

28,343

279,617 $ 301,36086,977 47,272

25,798 7,545

392,392 $ 356,177


Total Liabilities




13,755800

14.555

158,871158.871

$ 173.426

8141,1141,928

26,41526,415

18,742 $ 4,0751,251 -

19.993

372,399372,399

4,075

352,102352,102

356,177

44



December 31,2006

Schedule 5


Total Assets


Total Liabilities




GRAVITY WEST CAMERONDRAINAGE TOURISM PORT

NO. 8 DEVELOPMENT COMMISSION

(61,742) $

1,775134.004

74,037 $

12,92612,926

61,11161.111

74,037 $

59,854

59,854

275 $

275

59,57959,579

59,854 $

15,033

15,033

15,03315,033

15,033

45



December 31,2006

Schedule 5


Total Assets


Total Liabilities


Special revenue fimdTotal Fund Balances


GRAND LAKE/SWEET LAKECEMETARY TOTAL

14,131

14,13114,131

7,777,1943,747,523

1,7752,215.610

14,131 $ 13,742,102

1,325,434191,400

1.516.834

12,225.26812,225.268

14,131 $ 13,742,102

46


SPECIAL REVENUE FUNDS (Nonmajor)Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances


Schedule 6

COURTHOUSE PARISHWIDE HEALTHAND JAIL GARBAGE UNIT

REVENUESTaxes:




Total revenues


General government:Judicial

Debt RetirementPublic safetyPublic worksCulture and recreationHealth and Welfare



OTHER FINANCING SOURCES (Uses):Operating transfers inOperating transfers outInsurance RecoveryLoan ProceedsSale of capital assets





381,861

5,498

820,960

61,334

1.269,653

521,387

51,696

51,696

(196,834)

1.849,577

1,141,147 $ 182,650

11,904230,733

57,4033.256

1,444,443

1,104,693

110,464

110.464

342,844

1,591,606

1,246

450,240

24,997

659,133

996,7961,518,183

(248,530)

107,3701,212,063

232,380

67,734576,083643,817

15^16

17,960

17.960

33,276

1,091.136

1,652.743 1,934.450 $ 1,124,412

47




Schedule 6

CRIMINALCOURT

COMMUNI-CATIONSDISTRICT LIBRARY

REVENUESTaxes:




Total revenues



Debt RetirementPublic safelyPublic worksCulture and recreationHealth and Welfare








$ 789,404191,190

25,00012,45716,3437,947

-252,937

4,455

14,410115,652134,517

16,17699,360

74,09588,052

1,067,087

422,996

105,945

1,756424,752

(171,815)

59,500

102,013

161,513

(10,302)

60,705

$ 50,403 $

105,945

28,572

2,407

2,407

30,979

301,080

332,059

463,104

162,723625,827

441,260

31,509124,573

100156,182

597,442

1,876,808

$ 2.474,250

48




Schedule 6

FIREDISTRICT #1

FIREDISTRICTS?

FIREDISTRICT

#9

REVENUESTaxes:




Total revenues





EXCESS peflciency) OF REVENUESOVER EXPENDITURES






$ 142,204 $ 23,810 $ 66,524

60,687

64,313125,000

118,813

32,280

32.280

151,093

867,400

3,54428,127

10,8587,735

74,074

54,170

81,350135,520

(61,446)

7,833

7,833

(53,613)

393,747

5,09621,495

26,5205,161

124,796

18,93384,729

3,042106,704

18,092

4,978

4,978

23,070

941,388

$ 1.018,493 $ 340,134 $ 964,458

49

Schedule 6




FIRE FIRE FIREDISTRICT #10 DISTRICT #14 DISTRICT #15

REVENUESTaxes:




Total revenues











$ 322,595 $ 65,137 $ 18,001

243,854

31,554

44,1537,141

409,321

90,349

208,911299,260

110,061

9,887

9,887

119,948

1,154,277

5,09653,585

5,349

129,167

15,165132,442

3,833151,440

(22,273)

8,025

8,025

(14,248)

173,119

2,612

641

21,254

8,2247,536

15,760

5,494

1,434

1,434

6,928

19,487

$ 1.274.225 $ 158.871 $ 26,415

50




Schedule 6

GRAVITYHACKBERRY FIRE DRAINAGE

FIRE DISTRICT DISTRICT #16 NO. 8

REVENUESTaxes:




Total revenues











111,587 67,791

1,8895,09624,075

18,4753,122

164,244

773

17,0652,50088,129

--

12,960

53-

13,013

99,383

191.435290,818

(126,574)

4,73314.375

19,108

(107,466)

479,865

15,712

15.712

72,417

93

93

72,510

279.592

13,060

13,060

(47)

(47)

61,158

372,399 352,102 61,111

51

Schedule 6




TOURISMDEVELOPMENT

WEST CAMERONPORT

COMMISSION

REVENUESTaxes:




Total revenues











2,788

2,788

766

766

2.022

2,022

57.557

10.00010,000

10,000

10,000

5,033

59.579 15,033

52

Schedule 6




REVENUESTaxes:




Total revenues











GRAND LAKE/SWEET LAKECEMETARY

$

4794,8005,279

108

108

5,171

TOTAL

$ 3,312,711191,190

9,07187,324

1,839,72416,343

407,205250,080

6,113,648

944,38342,322

651,0611,117,753

463,87067,734

2,397,6125,684,735

428,913

59,500

36,242488,018

100583,860

5,171

8,960

$ 14,131

1,012,773

11,212,495

$ 12,225,268

53


DEBT SERVICE FUNDS (Nonmajor)Combining Balance Sheet

December 31,2006

Schedule 7

ASSETSCash and cash equivalentsReceivables, netInterfund receivables

TOTAL ASSETS


Total Liabilities


Debt service fundTotal Fund Balances


FIREDISTRICT #7

20,18655,4484,659

1,773

1,773

78,52078,520

FIREDISTRICT

#9

$ 80,293 $

$ 80.293 S

308308

FIREDISTRICT

#10

308 $ 10

308 $ 10

1010

308 $ 10

54



December 31,2006

Schedule 7

ASSETSCash and cash equivalentsReceivables, netInterfimd receivables

TOTAL ASSETS

LIABILITIES AND FUND BALANCESLiabilities:Accounts, salaries, and other payablesInterfimd payables

Total Liabilities

Fund balances:Unreserved, undesignated, reported In:



FIREDISTRICT

#16

62,08618,6218,657

70,27870,278

HACKBERRYFIRE DISTRICT

$ 89,364 $

WESTCAMERON

PORT,HARBOR, &TERMINAL

89,364 $

1,812 $ 136,477452,020

1,032

2,844 $

2,8442,844

2,844 $

588,497

$ 59518,49119,086

$

-

14,4845,00019,484

569,013569,013

588,497

55



December 31,2006

Schedule 7

ASSETSCash and cash equivalentsReceivables, netInterfund receivables

TOTAL ASSETS


Total Liabilities




GRAVITYDRAINAGE

DISTRICT NO.8 TOTAL

14,029 $

12,926

26,95526,955

234,908526,08927,274

26,955 $ 788.271

$ 16,85223,49140,343

747,928747,928

26,955 $ 788,271

56

Schedule 8


DEBT SERVICE FUNDS (Nonmajor)Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances


REVENUESTaxes:

Ad valoremFederal - in lieu of taxesInterest earningsOther

Total revenues


General government - otherDebt retirementTotal expenditures


OTHER FINANCING SOURCES (Uses):Operating transfers out





FIRE FIREDISTRICT #7 DISTRICT #9

FIREDISTRICT

#10

$ 46,076 $ $

1,133

47,209

1,88043,47545,355

1,854

.

1,854

76,666 308

$ 78,520 S 308

10

$ 10

57

Schedule 8




REVENUESTaxes:


Total revenues









FIREDISTRICT #16

$ 22,709

1,403

24,112

70914,01014,719

9,393

HACKBERRYFIRE DISTRICT

851,8001,885

72

72

1,813

WESTCAMERON

PORT,HARBOR, &TERMINAL

$ 444,615

9,168

453,783

14,623337,410352,033

101,750

-

9,393

60,885

$ 70,278

1,813

1,031

$ 2,844

101,750

467,263

$ 569,013

58

Schedule 8




GRAVITYDRAINAGEDISTRICT

NO. 8 TOTAL

REVENUESTaxes:


Total revenues



676

$ 513,400

12,4651,800

676 527.665

17,284394,895412,179







676

676

26,279

26.955 $

115,486

115,486

632,442

747,928

59

Independent Auditors' Reports onCompliance and on Internal Control

The following independent auditors* reports on compliance with laws, regulations, contracts, and grantsand internal control are presented in compliance with the requirements of Government AuditingStandards* issued by the Comptroller General of the United States; OMB Circular A-133, Audits ofStates, Local Governments, and Non-Profit Organizations; and the Louisiana Governmental Audit Guide,issued by the Society of Louisiana Certified Public Accountants and the Louisiana Legislative Auditor.


Wm. TOOO UTTL5, CPACHARLES R. MARCH8ANKS, JR., CPA

Independent Auditors* Report on Internal Control OverFinancial Reporting and on Compliance and

Other Matters Based on an Audit of Financial StatementsPerformed in Accordance With Government Auditing Standards

Cameron Parish Police JuryCameron, Louisiana

We have audited the financial statements of the governmental activities, each major fund, and theaggregate remaining fund information of the Cameron Parish Police Jury as of and for the year endedDecember 31, 2006, which collectively comprise the Cameron Parish Police Jury's basic financialstatements and have issued our report thereon dated August 28, 2007. We conducted our audit inaccordance with U.S. generally accepted auditing standards and the standards applicable to financialaudits contained in Government Auditing Standards, issued by the Comptroller General of the UnitedStates.

Internal Control Over Financial Reporting

In planning and performing our audit, we considered the Cameron Parish Police Jury's internal controlover financial reporting as a basis for designing our auditing procedures for the purpose of expressing ouropinions on the financial statements, but not for the purpose of expressing an opinion on the effectivenessof the Cameron Parish Police Jury's internal control over financial reporting. Accordingly, we do notexpress an opinion on the effectiveness of the Cameron Parish Police Jury's internal control over financialreporting.

Our consideration of the internal control over financial reporting was for the limited purpose described inthe preceding paragraph and would not necessarily identity all deficiencies in internal control overfinancial reporting mat might be significant deficiencies or material weaknesses. However, as discussedbelow, we identified certain deficiencies in internal control over financial reporting that we consider to besignificant deficiencies.

A control deficiency exists when the design or operation of a control does not allow management oremployees, in the normal course of performing their assigned functions, to prevent or detectmisstatements on a timely basis. A significant deficiency is a control deficiency, or combination ofcontrol deficiencies, that adversely affects the entity's ability to initiate, authorize, record, process, orreport financial data reliably in accordance with generally accepted principles such that mere is more mana remote likelihood that a misstatement of the entity's financial statements mat is more thaninconsequential will not be prevented or detected by the entity's internal control. We consider thedeficiency, 2006-01, described in the accompanying schedule of findings and questioned costs to be asignificant deficiency in internal control over financial reporting.

A material weakness is a significant deficiency, or combination of significant deficiencies, that results inmore than a remote likelihood that a material misstatement of the financial statements will not beprevented or detected by me entity's internal control.

PHONE (318) 301-9600 • fi\X [318) 361-9820 £6 808 NORTH 31" STREET • MONROE, LA 71201MAJUNO ADDRESS; P. 0. BOX 40S8 » MONROE, IA 71211-40B8

Our consideration of the internal control over financial reporting was for the limited purpose described inthe first paragraph of this section and would not necessarily identify all deficiencies in the internal controlthat might be significant deficiencies and, accordingly, would not necessarily disclose all significantdeficiencies that are also considered to be material weaknesses. However, we consider die significantdeficiency described above, item 2006-1, to be a material weakness.

Compliance and Other Matters

As part of obtaining reasonable assurance about whether the Cameron Parish Police Jury's financialstatements are free of material misstatement, we performed tests of its compliance with certain provisionsof laws, regulations, contracts and grant agreements, noncompliance with which could have a direct andmaterial effect on the determination of financial statement amounts. However, providing an opinion oncompliance with those provisions was not an objective of our audit and, accordingly, we do not expresssuch an opinion. The results of our tests disclosed no instances of noncompliance or other matters thatare required to be reported under Government Auditing Standards.

The Cameron Parish Police Jury's response to the finding identified in our audit is described in theaccompanying schedule of findings and questioned costs. We did not audit the Cameron Parish PoliceJury's response and, accordingly, we express no opinion on it.

This report is intended solely for the information and use of the members of the Cameron Parish PoliceJury, management of the Cameron Parish Police Jury, the Louisiana Legislative Auditor, federal awardingagencies, and pass-through entities and is not intended to be and should not be used by anyone other thanthese specified parties. Under Louisiana Revised Statute 24:513, this report is distributed by theLegislative Auditor as a public document.

Monroe, LouisianaAugust 28,2007

61


Wm. TODO LITTie, CPACHARLES fi. MARCHBANKS, JR., CPA

Independent Auditors' Report on Compliance With RequirementsApplicable to Each Major Program and Internal Control Over

Compliance in Accordance With OMB Circular A-133

Cameron Parish Police JuryCameron, Louisiana

ComplianceWe have audited the compliance of the Cameron Parish Police Jury with the types of compliancerequirements described in the U. S. Office of Management and Budget (OMB) Circular A-133Compliance Supplement that are applicable to each if its major federal programs for the year endedDecember 31,2006. Cameron Parish Police Jury's major federal programs are identified in the summaryof auditors' results section of the accompanying schedule of findings and questioned costs. Compliancewith the requirements of laws, regulations, contracts and grants applicable to each of its major federalprograms is the responsibility of the Cameron Parish Police Jury's management. Our responsibility is toexpress an opinion on the Cameron Parish Police Jury's compliance based on our audit.

We conducted our audit of compliance in accordance with auditing standards generally accepted in theUnited States of America; the standards applicable to financial audits contained in Government AuditingStandards, issued by the Comptroller General of the United States; and OMB Circular A-133, Audits ofStates, Local Governments, and Non-Proflt Organizations. Those standards and OMB Circular A-133require that we plan and perform the audit to obtain reasonable assurance about whether noncompliancewith the types of compliance requirements referred to above that could have a direct and material effecton a major federal program occurred. An audit includes examining, on a test basis, evidence about theCameron Parish Police Jury's compliance with those requirements and performing such other proceduresas we considered necessary in the circumstances. We believe that our audit provides a reasonable basisfor our opinion. Our audit does not provide a legal determination on the Cameron Parish Police Jury'scompliance with those requirements.

In our opinion, the Cameron Parish Police Jury complied, in all material respects, with the requirementsreferred to above that are applicable to each of its major federal programs for the year ended December31,2006.

Internal Control Over ComplianceHie management of the Cameron Parish Police Jury is responsible for establishing and maintainingeffective internal control over compliance with requirements of laws, regulations, contracts and grantsapplicable to federal programs. In planning and performing our audit, we considered the Cameron ParishPolice Jury's internal control over compliance with the requirements that could have a direct and materialeffect on a major federal program in order to determine our auditing procedures for the purpose ofexpressing our opinion on compliance, but not for the purpose of expressing an opinion on theeffectiveness of internal control over compliance. Accordingly, we do not express an opinion on theeffectiveness of the Cameron Parish Police Jury's internal control over compliance.

PHONE f318) 361-9600 • RMC (316) 361-962O 62 80S NORTH 31" STREET * MONROE. LA 71201MAILING ADDRESS: P. 0. BOX 4063 . MONROE. LA 71211-4088

A control deficiency in an entity's internal control over compliance exists when the design or operation ofa control does not allow management or employees, in the normal course of performing their assignedfunctions, to prevent or detect noncompliance with a type of compliance requirement of a federal programon a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies,that adversely affects the entity's ability to administer a federal program such that there is more than aremote likelihood that noncompliance with a type of compliance requirement of a federal program that ismore than inconsequential will not be prevented or detected by the entity's internal control.

A material weakness is a significant deficiency, or combination of significant deficiencies, that results inmore than a remote likelihood that material noncompliance with a type of compliance requirement of afederal program will not be prevented or detected by the entity's internal control.

Our consideration of the internal control over compliance was for the limited purpose described in thefirst paragraph of this section and would not necessarily identify all deficiencies in internal control thatmight be significant deficiencies or material weaknesses. We did not identify any deficiencies in internalcontrol over compliance that we consider to be material weaknesses, as defined above.

This report is intended solely for the information and use of the members of the Cameron Parish PoliceJury, management of the Cameron Parish Police Jury, the Louisiana Legislative Auditor, federal awardingagencies, and pass-through entities and is not intended to be and should not be used by anyone other thanthese specified parties. Under Louisiana Revised Statute 24:513, this report is distributed by theLegislative Auditor as a public document.

Monroe, LouisianaAugust2832007

63

Schedule 9


Schedule of Findings and Questioned CostsFor the Year Ended December 31,2006

A. SUMMARY OF AUDIT RESULTS

Financial Statement Audit

1. The auditors* report expresses an unqualified opinion on the basic financial statements ofthe Cameron Parish Police Jury.

2. A significant deficiency relating to the audit of the financial statements is reported in theIndependent Auditors' Report on Internal Control Over Financial Reporting and onCompliance and Other Matters Based on an Audit Performed in Accordance WithGovernment Auditing Standards. The significant deficiency reported is considered to be amaterial weakness.

3. No instances of noncompliance material to the financial statements of the CameronParish Police Jury were disclosed during the audit.

Audit of Federal Awards

4. No significant deficiencies relating to the audit of the major federal award programs arereported in the Independent Auditors' Report on Compliance With Requirements Applicableto Each Major Program and on Internal Control Over Compliance in Accordance With OMBCircular A-l 33.

5. The auditors' report on compliance for the major federal award programs for theCameron Parish Police Jury expresses an unqualified opinion on all major programs.

6. There were no audit findings that are required to be reported in accordance with Section510(a) of OMB Circular A-133.

7. The programs tested as major programs included:

CFDA #97.036 Public Assistance GrantsCFDA #97.030 Community Disaster Loans

8. The threshold used for distinguishing Type A and B programs was $300,000.

9. The Cameron Parish Police Jury did not qualify as a low-risk auditee.

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Schedule 9 (Continued)


Schedule of Findings and Questioned CostsFor the Year Ended December 31,2006

B. FINDINGS - FINANCIAL STATEMENTS AUDIT

2006-01 Interfund Activity Not Maintained Adequately

Criteria: Interfund activity should be recorded in each fund's general ledger as the activityoccurs. In addition, the interfund activity should be recorded in the fund's general ledger inaccordance with prescribed procedures to ensure that all interfund activity is properlyrecorded. Also, the sum of the interfund asset and liability balances, as reported in thebalance sheets of the funds, should be equal to each other at ail times.

Condition: The Police Jury's interfund activity was not recorded hi the general ledger in atimely manner throughout the year and also was not recorded in the general ledger in aconsistent manner. This resulted in a lack of agreement between the sum of all interfundasset balances and liability balances.

Context: This condition was prevalent throughout the year.

Effect: By not timely or properly recording interfund activity, funds may receive income orabsorb expenses that or those of another fund.

Cause: Unknown.

Recommendation: We recommend that the Police Jury adopt a prescribed set of policiesand procedures for recording the interfund activity. The policies and procedures shouldinclude provisions that require the Police Jury to record the interfund activity as it occurs andto reconcile the sum of the interfund asset balances and liability balances on a monthly basisat a minimum.

Views of Responsible Officials and Planned Corrective Action: We are in agreement withauditors' finding and assessment of the finding. We will implement policies and proceduresover the recording of interfund activity as recommended by the auditor.

C. FINDINGS - MAJOR FEDERAL AWARDS PROGRAM AUDIT

None

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Schedule 10


Summary Schedule of Prior Audit FindingsFor the Year Ended December 31,2006

In connection with our audit of the financial statement of the Cameron Parish Police Jury as ofDecember 31, 2006, we also have reviewed the status of prior year findings. The followingpresents the status of those findings:

2005-01 Compliance With Local Governmental Budget Act

Summary of Finding: Actual expenditures of the Road and Bridge Maintenance Fundexceeded final amended budgeted expenditures by $242,341, or nine percent (9%), which isin violation of the Local Governmental Budget Act.

Status: Resolved

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OTHER SUPPLEMENTAL INFORMATION - PART H

Schedule 11


Schedule of Compensation Paid Police JurorsFor the Year Ended December 31,2006

2006

Scott Trahan $ 14,400DarrylFarque . 14,400Magnus McGee 14,400Douaine Conner 14,400James Doxey 14,400Steve Trahan 14,400Charles Precht, HI 14,400

$ 100,800

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Schedule 12CAMERON PARISH POLICE JURY

Cameron, Louisiana

Schedule of Expenditures of Federal AwardsFor the Year Ended December 31,2006

FEDERAL GRANTOR/PASS-THROUGH GRANTOR/ PROGRAM TITLE

CFDANUMBER

PASSTHROUGH

GRANTOR'SNUMBER EXPENDITURES

Passed through Louisiana Department of Natural Resources - CoastalZone Management Administration Awards

Total Pass-Through Programs

Total United States Department of Commerce

United States Department of Homeland SecurityPassed through the Louisiana Office of Homeland Security /

Emergency Preparedness - Public Assistance GrantCommunity Disaster LoanOffice of State Police- ODP Grant

Total United States Department of Homeland Security

United States Department of TransportationPassed through Louisiana Department of Transportation and Development:

Formula Grants for Other than Urbanized AreasJob Access/Reverse Commute

Total United States Department of Transportation

United States Department of InteriorDirect Programs:

Payments in Lieu of TaxesTotal Direct Programs - United States Department of Interior

11.419 2515-07-102513-06-012515-06-08

17,00075,92434,000

126.924

97.03697.03097.067

20.50920.516

15.226

126,924

6,641,8811,921,629

350,4858,913,995

56,565

25,775

82,340

41,79741,797

Total 9,165,056

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Notes to the Schedule of Expenditures of Federal AwardsFor the Year Ended December 31,2006

1. GENERAL

The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awardsprograms of the Cameron Parish Police Jury. The Cameron Parish Police Jury reporting entity is definedin Note 1 to the Cameron Parish Police Jury's primary government financial statements. Federal awardsreceived directly from federal agencies, as well as federal awards passed through other governmentalagencies, are included on the schedule. The information in this schedule is presented in accordance withthe requirements of OMB Circular A-133, Audits of States, Local Governments, and Non-ProfitOrganizations.

2. BASIS OF ACCOUNTING

The accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrualbasis of accounting, which is described in Note 1 to the Cameron Parish Police Jury's primarygovernment financial statements.

3. RELATIONSHIP TO PRIMARY GOVERNMENT FINANCIAL STATEMENTS

Amounts reported in the accompanying schedule agree with the amounts reported in the related financialstatements except for changes made to reflect amounts in accordance with U. S. generally acceptedaccounting principles. Federal awards in the amount of $7,243,427 are reported in revenues in theStatement of Net Assets and Statement of Revenues, Expenditures, and Changes in Fund Balances.Federal awards in the amount of $1,921,629 received from the proceeds of the Community Disaster Loanare reported as a financing source in the Statement of Revenues, Expenditures, and Changes in FundBalances and as a liability in the Statement of Net Assets.

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