east feliciana parish police jury...feliciana parish police jury as of december 31, 2015, and the...

EAST FELICIANA PARISH POLICE JURY CLINTON, LOUISIANA

ANNUAL FINANCIAL REPORT

YEAR ENDED DECEMBER 31, 2015

Old Feliciana Courthouse (National Historic Landmark)

Jackson, Louisiana Circa 1816


ANNUAL FINANCIAL REPORT YEAR ENDED DECEMBER 31, 2015

TABLE OF CONTENTS

Independent Auditors' Report

Page No.

1

Required Supplemental Information (Part I) Management's Discussion and Analysis

Financial Statements

Government-Wide Financial Statements Statement of Net Position Statement of Activities

12 13

Fund Financial Statements

Governmental Funds Balance Sheet Reconciliation of Governmental Funds Balance Sheet to the Government-Wide Statement of Net Position

Statement of Revenues, Expenditures and Changes in Fund Balances Reconciliation of Statement of Revenues, Expenditures, and Changes in Eund Balances to the Statement of Activities

14

15 16

17

fiduciary Eunds Statement of fiduciary Net Assets

Notes to the Financial Statements

18

19



TABLE OF CONTENTS

Required Supplemental Information (Part II) Budgetary Comparison Schedule - General Fund Budgetary Comparison Schedule - Roads & Bridges Fund Budgetary Comparison Schedule - Solid Waste Fund Schedule of Proportionate Share of Net Pension Liability Schedule of Contributions - Retirement Plan

Page No.

53 54 55 56 57

Combining and Individual Fund Statements

Special Revenue Funds Combining Balance Sheet - Non-Major Funds Combining Statement of Revenues, Expenditures, and Changes in

Fund Balances - Non-Major Funds

59

60

Supplementary Schedules and Information

Fiduciary Funds/Agency Funds Schedule of Changes in Deposits and Other Payables 61

Schedule of Compensation Paid to Governing Members Schedule of Compensation, Benefits and Other Payments to Agency Head

62 63



TABLE OF CONTENTS

Supplementary Schedules and Information (continued) Page No.

Independent Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 65

Schedule of Findings and Questioned Costs 66

Schedule of Prior Year Findings 67

GARRETY & ASSOCIATES, L.L.C. CERTIFIED PUBLIC ACCOUNTANTS

INDEPENDENT AUDITORS' REPORT

To the Members of the Police Jury East Feliciana Parish Police Jury Clinton, Louisiana

We have audited the accompanying financial statements of the governmental activities and the aggregate remaining fund information of the East Feliciana Parish Police Jury as of and for the year ended December 31, 2015, and the related notes to the financial statements, which collectively comprise the East Feliciana Parish Police Jury's basic financial statements as listed in the table of contents.

Management's Responsibility

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation and maintenance of intemal control relevant to the preparation and fair presentation of financial.statements that are free from material misstatement, whether due to fraud or error. "'•-ssw-C

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standard generally accepted in the United States of America 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 perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.

An audit involves performing procedures to obtain evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers intemal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's intemal control. Accordingly, we express no such opinion. An audit includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

1795 WEST CAUSEWAY APPROACH, SUITE 202, MANDEVILLE, LOUISIANA 70471

PHONE: 985-629-4661 • FAX 985-629-4662 • WWW.GARRETYCPA.COM


We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Basis for Adverse Opinion on Aggregate Discretely Presented Component Units and Qnalified Opinion on Aggregate Remaining Fnnd Information

The financial statements referred to above do not include financial data for the East Feliciana Parish Police Jury's legally separate component units. Accounting principles generally accepted in the United States of America require financial data for those component units to be reported with financial data of the East Feliciana Parish Police Jury' primary government unless the Police Jury also issues financial reporting entity that include the financial data for its component units. The Police Jury has not issued such reporting entity financial statements. The amount by which this departure would affect the assets, deferred outflows of resources, liabilities, deferred inflows of resources, net position, revenues, and expenses of the govemment-wide financial statements has not been determined.

Adverse Opinion on Aggregate Discretely Presented Component Units

In our opinion, because of the significance of the matter described in the preceding paragraph, the financial statements referred to above do not present fairly the financial position of the aggregate discretely presented component units of the East Feliciana Police Jury as of December 31, 2015, or the changes in the financial position thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Qualified Opinion on Aggregate Remaining Fnnd Information

In our opinion, because of the significance of the matter described in the preceding paragraph, the financial statements referred to above do no present fairly, in all material respects, the financial position of the aggregate fund information of the East Feliciana Parish Police Jury as of December 31, 2015, or the changes in financial position thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Unmodified Opinion

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the East Feliciana Parish Police Jury as of December 31, 2015, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.

i795 WEST CAUSEWAY APPROACH, SUITE 202, MANDEVILLE, LOUISIANA 70471



Change in Acconnting Principle

As described in Note 15 to the financial statements, in 2015, the Police Jury adopted new accounting guidance, GASB Statement No. 68, Accounting and Financial Reporting for Pensions: and amendment of GASB Statement No. 27. Our opinion is not modified with respect to this matter.

Other Matters - Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management's discussion and analysis (MD&A), budgetary comparison information, schedule of proportionate share of the net pension liability, and schedule of contributions - retirement plan on pages 5-11 and 56-57 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it he an essential part of financial reporting for placing the hasic financial statements in an appropriate operational, economic or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Matters - Supplementary Information

Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the East Feliciana Parish Police Jury's basic financial statements. The comhining and individual non-major fund financial statements, schedules of compensation paid to governing members; compensation, benefits and other payments to agency head; and subsequent budgets is presented for purposes of additional analysis and is not a required part of the basic financial statements.

This supplemental information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America.

1795 WEST CAUSEWAY APPROACH, SUITE 202, MANDEVILLE, LOUISIANA 70471



Other Matters - Supplementary Information (continued)

In our opinion, the combining and individual non-major fund financial statements, schedules of compensation paid to governing members; compensation, benefits, and other payments to agency bead; and subsequent budgets are fairly stated, in all material respects, in relation to the basic financial statements taken as a whole.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated August 4, 2016, on our consideration of the East Feliciana Parish Police Jury's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements, and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the East Feliciana Parish Police Jury's intemal control over financial reporting and compliance.

L/-<-GARRETY & ASSOCIATES, CPAs, LLC Mandeville, Louisiana August 4, 2016

YT95 WEST CAUSEWAY APPROACH, SUITE 202, MANDEVILLE, LOUISIANA 70471



MANAGEMENTS' DISCUSSION & ANALYSIS DECEMBER 31, 2015

As management of the East Feliciana Parish Police Jury (hereinafter referred to as the Police Jury), we offer readers of these financial statements this narrative overview and analysis of the financial activities of the Police Jury for the year ended December 31, 2015, based on currently known facts, decisions and/or conditions. The information contained herein should be read in conjunction with the financial statements, notes thereto and other required supplemental information taken as a whole.

FINANCIAL HIGHLIGHTS • The assets of the Police Jury exceeded its liabilities at the close of the most recent

year by $20,344,820 (net position), an increase of $1,648,723 over the prior year.

• The Police Jury was able to secure approximately $600,000 in grants and other capital/operating contributions. The most significant sources of continuing revenues are $969,000 from ad valorem taxes; $452,000 from severance taxes; and $3,500,000 from sales tax revenue to assist in both operations and capital expenditures, specifically the overlay of roads and stabilization of bridges.

• There has been no debt incurred or none is anticipated in providing services to the parish.

• The GASB has issued Statement No. 68, ''Accounting and Financial Reporting for Pensions: an amendment of GASB Statement No. 27. " This Statement replaces the requirements of Statements No. 27 and No. 50 related to pension plans that are administered through trusts or equivalent arrangements. The requirements of the Statements No. 27 and No. 50 remain applicable for pensions that are not administered as trusts or equivalent arrangements. The requirements of this Statement are effective for financial statements for fiscal years beginning after June 15, 2014. The adoption of GASB No. 68, requires net pension liabilities to be recognized on the Statement of Net Position. The effects of this statement were applied retroactively by reporting the cumulative effect of the application as a restatement of beginning net position of fund balance, as appropriate. The impact of the implementation of this to the Police Jury's financial statements was a decrease in net position of $13,692 for governmental activities. See Note 8 to the basic financial statements for further discussion of the pension liabilities, pension expense, deferred outflows of resources and deferred inflows of resources related to pensions.



OVERVIEW OE THE FINANCIAL STATEMENT PRESENTATION These financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements and 3) notes to the financial statements. This report also contains other supplementary information in addition to the financial statements themselves.

Government-wide Financial Statements

The government-wide financial statements present financial information for all activities of the Police Jury from an economic resource measurement focus using the accrual basis of accounting. These provide both short-term and long-term information about the Police Jury's overall financial status. They include a statement of net position and statement of activities.

Statement of Net Position

This statement presents information on all of the Police Jury's assets and deferred outflows of resources and liabilities and deferred inflows of resources with the difference between these reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether financial position is improving or not.

Statement of Activities

This statement presents information showing how net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. This statement is designed to show the Police Jury's financial reliance on general revenues. The government-wide financial statements can be found on pages 12-13 of this report

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The Police Jury, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the Police Jury can be divided into two categories: governmental funds and fiduciary funds.



Governmental funds

Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the year. Such information may be useful in evaluating a government's near term financial requirements. Because the focus of governmental funds is short-term and the focus of the government-wide financial statements is long-term, it is useful to compare these two perspectives. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund balances provide reconciliation to the government-wide statements to facilitate the comparison between governmental activities and governmental funds. The Police Jury maintains six individual governmental funds. Information is presented separately in the governmental funds balance sheet and in the governmental funds statement of revenues, expenditures and changes in fund balances for the general, roads and bridges and the solid waste funds, all of which are considered to be major funds. Data from the other three governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining statements elsewhere in this report. The governmental funds financial statements can be found on pages 14-17 of this report.

Fiduciary funds

Fiduciary funds report resources that are held for other parties that cannot be used to support the Police Jury's programs. Reporting for these types of funds is based on the flow of economic resources measurement focus and the accrual basis of accounting. The Police Jury maintains one type of fiduciary fund - agency funds. Agency funds are created to account for resources held on a temporary, purely custodial basis until such time, as determined by legal contract or circumstances, they are returned to their owner(s). The fiduciary fund statement can be found on page 18 of this report.

Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes begin on page 19.



Other Information

In addition to the financial statements and accompanying notes, this report also presents certain required supplementary information concerning the Police Jury's budgetary comparisons (compliance with its adopted and final revised budgets) for its major governmental funds. The required supplementary information can be found immediately following the notes.

The Police Jury also provides combining statements in connection with its non-major governmental funds that are aggregated for reporting in the fund financial statements as well as supplementary schedules that is presented immediately following the required supplementary information.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

Net position, the amount that assets exceeded liabilities, was $20,344,820 at the close of the year.

SUMMARY OF NET POSITION

2015 2014

Assets and Deferred Outflows: Current and other assets $ 7,738,424 $ 8,050,449 Deferred outflows 132,270 Capital assets, net 14.087.861 12.861.749

Total Assets and Deferred outflows 21,958,555 20,912,198

Liabilities and Deferred Inflows: Other liabilities 1,590,372 2,202,673 Long-term liabilities - 13,428 Deferred inflows 23.363 ^

Total Liabilities and Deferred Inflows 1,613,735 2,216,101

Net Position: Net investment in capital assets 14,087,864 12,861,749 Restricted 4,934,203 4,857,564 Unrestricted 1.322.756 976.784

Total Net Position $ 20.344.820 $ 18.696.097



The largest portion of the Police Jury's net position (69%) reflects its investment in capital assets (e.g. land, buildings, improvements, streets and bridges, equipment, vehicles and furniture), less any related debt used to acquire or construct those assets that are still outstanding. The Police Jury uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending.

An additional portion of the Police Jury's net position (26%) represents resources that are subject to external restrictions on how they may be used. The remaining balance of the unrestricted net position, if any, may be used to meet the government's on-going obligations to citizens and creditors.

During the current year, net position increased by $1,648,723. This is a decline over the prior year that realized a net increase of $4,041,384. The prior year included more than $2,396,000 in capital grants and contributions that accounted for the majority of that increase.

SUMMARY OE CHANGES IN NET POSITION

2015 2014

Revenues: Charges for services $ 180,123 $ 155,908 Grants and contributions:

Operating 227,985 276,633 Capital 388,478 2,396,164

General revenues/transfers 6.006.552 6.313.958 Total Revenues 6,803,138 9,142,693

Expenses: General government 824,435 950,109 Culture and recreation 8,278 4,587 Economic development 5,493 9,588 Health and welfare 388,830 329,817 Public safety 1,351,720 1,169,097 Public works 2.561.967 2.638.111

Total Expenses 5,140,723 5,101,309

Change in Net Position 1,662,415 4,041,384

Net position, beginning of year (as restated) 18.682.405 14.654.713

Net position, end of yem^ $ 20.344.820 $ 18.696.097



GOVERNMENTAL FUNDS BUDGETARY HIGHLIGHTS Under the modified accrual basis for fund financial statements, the emphasis is on accounting for current financial resources. The analysis in this section includes a discussion of components of the fund financial statements but concentrates on differences not discussed previously for the government-wide financial statements.

General Fund revenues realized were $348,227 more than the amount budgeted, but expenditures were $325,109 more than budgeted amounts. The negative variance of $334,100 for net transfers, attributed to the fund closing the year with $310,982 less in its fund balances than expected.

Roads & Bridges Fund received more and expended less than anticipated. This provided a decrease in fund balances of $591,374 where a decrease of $997,336 was expected.

Solid Waste Fund reported were in line with budgeted revenues. Expenditures, in turn, were $5,448 more than expected. The net result was a $5,621 negative variance at year-end.

The fund reporting format presents in the Statement of Revenues, Expenditures, and Changes in Eund Balances all revenue types followed by the expenses of the Police Jury, presented on a functional basis. The differences in total revenues are in the reporting of levied taxes at year-end that do not provide for current financial resources are not reported as revenues. Non-employer contributions for pensions in accordance with GASB No. 68. The differences in total expenditures are in the reporting of capital expenditures, depreciation, compensated absences - long-term, and pension expenses.

CAPITAL ASSET AND DEBT ADMINISTRATION

Capital Assets. The Police Jury's investment in capital assets, net of accumulated depreciation and related debt, for its governmental activities as of December 31, 2015 and 2014, totaled $14,087,864 and $12,861,749, respectively. This investment in capital assets includes land, buildings, improvements, streets and bridges, equipment, vehicles and furniture. Capital assets are presented only in the government-wide presentation. The fund financial statements only account for current financial resources; therefore, current year capital expenditures are accounted for in the current year operating statement (Statement of Revenues, Expenditures, and Changes in Eund Balances).

10



Major capital asset events during the current fiscal year included the following: -Vehicle for building code inspector $26,000 - Bridge replacement and street overlays amounting to approximately $2,007,000.

CAPITAL ASSETS Net of Accumulated Depreciation

2015 2014

Land $ 259,320 $ 259,320 Buildings/improvements 5,167,370 5,374,785 Equipment/vehicles 1,835,027 2,008,548 Streets/bridges 6.826.237 5.219.186

Total $ 14.087.864 $ 12.861.749

Debt Administration. At the close of the current year, the Police Jury had no long-term debt obligations.

ECONOMIC FACTORS AND NEXT YEAR'S BUDGET

The 2016 budget anticipates lower revenues than those experienced in 2015, primarily because of adverse economic conditions affecting the timber, oil and gas industries. These conditions point to a significant reduction in related severance tax income. Also, grant funding is not expected to be significant in the subsequent year. The rising cost of solid waste disposal, however, is expected to increase the expenditures of that fund.

In conclusion, the Police Jury anticipates that it will be able to operate within our budget for the fiscal year 2016. The Police Jury will continue to tighten its belt and attempt to get the lowest price on every purchase made, be it health insurance, capital projects or copy paper. The Police Jury's office is operating with less staff and minimum purchases until times are better and the revenues increase.

REQUEST FOR INFORMATION

This financial report is designed to provide a general overview of the East Eeliciana Parish Police Jury's finances, comply with finance-related laws and regulations and demonstrate the Police Jury's commitment to public accountability. Any questions or requests for additional information can be obtained by Mrs. Barbara Vail, East Eeliciana Pm^ish Police Jury, P. O. Box 427, Clinton, Louisimia 70722; Telephone (225) 683-3100.

11

EAST FELICIANA PARISH POLICE JURY STATEMENT OF NET POSITION

DECEMBER 31,2015

ASSETS Cash and cash equivalents Receivables, net Due from other funds Due from other govemmental agencies Capital assets, net

Total Assets

Governmental Activities

; 4,577,606 1,201,051 1,889,509

70,258 14,087,861

21.826.285

DEFERRED OUTFLOWS OF RESOURCES Pensions

Total Deferred Outflows of Resources

132.270

132.270

LIABILITIES Accounts payable Due to other funds Due to other governmental agencies Net pension liability Compensated absences

Total Liabilities

98,217 1,417,178

66,241 8.736

1.590.372

DEFERRED INFLOWS OF RESOURCES Pensions

Total Deferred Inflows of Resources

23.363

23.363

NET POSITION Net investment in capital assets Restricted for:

Health unit operations/maintenance Homeland security/emergency preparedness Solid waste management

Unrestricted

Total Net Position

14,087,861

698,574 30,194

4,205,435 1.322.756

20.344.820

See accompanying notes and independent auditors' report. 12

EAST FELICIANA PARISH POLICE JURY

STATEMENT OF ACTIVITIES

FOR THE YEAR ENDED DECEMBER 31, 2015

Program Revenues

Functions/Programs

Governmental Activities

General government

Culture and recreation

Economic development

Health and welfare

Public safety

Public works

Total Governmental Activities/Primary Govemement

Expenses

(824,435)

(8,278)

(5,493)

(388,830)

(1,351,720)

(2,561,967)

(5,140,723)

Charges for

Services

6,785

173,338

180,123

Operating Capital

Grants and Grants and

Contributions Contributions

3,000

135,505

30,000

59,480

97,227

291,251

227,985 388,478

General Revenues and Transfers

Intergovernmental revenues

Taxes:

Ad valorem

Severance

Sales

Franchise fees

Insurance rebates

Licenses and permits

Fines and forfeitures

Rents and other fees

Interest earned

Other revenues/(expenses)

Total General Revenues and Transfers

Change in Net Position

Net Position - beginning ofyear (as restated)

Net Position - end ofyear

Net

Revenues/(Expenses)

Governmental

Activities

(817,650)

(5,278)

(5,493)

(253,325)

(1,051,155)

(2,211236)

(4,344,137)

81,730

969,350

452,088

3,664,345

14,138

95,152

165,023

70,363

162,421

974

330,968

6,006252

1,662,415

18,682,405

20,344,820

See accompanying notes and independent auditors' report.

#

ASSETS


BALANCE SHEET

GOVERNMENTAL FUNDS

DECEMBER 31, 2015

General

Roads

and Bridges

Solid

Waste

Other

Governmental

Funds Total

Cash and cash equivalents

Receivables

Accounts

Taxes

Due from other funds

Due from other government agencies

TOTAL ASSETS

425,147

456,441

347,329

25,340

1,035,134

354,614

44,918

1,254,257 1,434,666

2,918,765

223,835

1,175,000

4,317,600

198,560

7,527

513,248

12,566

731,901

4,577,606

7,527

1,193,524

1,889,509

70,258

7,738,424

LIABILITIES

Accounts payable

Due to other funds

Due to other govemment agencies

2,831

18,686 1,175,000

95,386

16,779 206,713

98,217

1,417,178

Total Liabilities 21,517 1,175,000 112,165 206,713 1,515,395

DEFERRED INFLOWS OF RESOURCES

Unavailable revenue 122,435 176,283 298,718

FUND BALANCES/fDEnCIT)

Restricted for:

Health unit operations/maintenance

Homeland security

Solid waste management

Committed for:

Road improvements

Coroner/court operations

Claims and judgements

Unassigned

30,194

259,666

4,205,435

522,291

(173,386)

1,080,111

522,291

30,194

4,205,435

259,666

(173,386)

1,080,111

Total Fund Balances/(Deficits) 1,110,305 259,666 4,205,435 348,905 5,924,311

TOTAL LIABILITIES, DEFERRED

INFLOWS OF RESOURCES AND

FUND BALANCES/(DEFICIT) 1,254,257 1,434,666 $ 4,317,f 731,901 7,738,424


14

EAST FELICIANA PARISH POLICE JURY RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET

TO THE GOVERNMENT-WIDE STATEMENT OF NET POSITION DECEMBER 31,2015

Total Fund Balances - Total Governmental Funds $ 5,924,311

Amounts reported for governmental activities in the statement of net position are difference because:

Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds 14,087,861

Levied taxes delinquent at year-end are not available to pay for current period expenditures and, therefore, are reported as unavailable revenue in the funds 298,718

Deferred outflows of resources related to pensions are not reported in governmental funds 132,270

Deferred inflows of resources related to pensions are not reported in governmental funds (23,363)

Long-term liabilities are not due and payable in the current period and, therefore, are not reported in the governmental funds. All liabilities (both current and long-term) are reported in the Statement of Net Position:

Compensated absences (8,736)

The liability for pension expense is an actuarial calculation of future obligations related to retirement, survivor, disability, and termination benefits, and is not due and payable in the current period and, therefore, is not reported in the governmental funds (66,241)

Total Net Position - Governmental Activities $ 20.344.820



STATEMENT OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

GOVERNEMENTAL FUNDS

FOR THE YEAR ENDED DECEMBER 31,2015

Other

Roads Solid Governmental

General and Bridges Waste Funds Total

REVENUES

Intergovernmental $ 55,775 $ $ $ 25,955 ; 5 81,730

Taxes:

Ad valorem 344,180 - - 326,452 670,632

Severance 452,088 - - - 452,088

Sales 614,744 1,582,574 1,467,027 - 3,664,345

Franchise fees 14,138 - - - 14,138

Insurance rebates 95,152 - - - 95,152

Licenses and permits 161,623 3,400 - - 165,023

Charges for services 180,123 - - - 180,123

Fines and forfeitures - - - 70,363 70,363

Rents and other fees 162,421 - - - 162,421

Grants and other contributions 355,212 261,251 - - 616,463

Interest earned 154 285 485 50 974

Other revenues 20,968 348,494 3,104 - 372,566

Total Revenues 2,456,578 2,196,004 1,470,616 422,820 6,546,018

EXPENDITURES

General government 646,725 . . . 646,725

Culture and recreation 8,278 - - - 8,278

Economic development 5,493 - - - 5,493

Health and welfare 212,881 - - 175,949 388,830

Public safefy 1,062,544 - - 190,680 1,253,224

Public woiks 94,600 780,118 1,203,195 - 2,077,913

Debt service - - - - -Capital outlay 64,473 2,007,260 - - 2,071,733

Total Expenditures 2,094,994 2,787,378 1,203,195 366,629 6,452,196

Excess/(Deficiency) of Revenues

over Expenditures Before Other

Financing Sources/(Uses) 361,584 (591,374) 267,421 56,191 93,822

OTHER HNANaNG SOURCES/(USES)

Transfers, net (672,382) 1,097,382 . (425,000) . Claims - - - - -

Total Other Financing Sources/(Uses) (672,382) 1,097,382 (425,000)

EXCESS/(DEFICIENCY) OF REVENUES AND

OTHER FINANCING SOURCES OVER

ITURES AND OTHER FINANCING SOURCES/(USES) (310,798) 506,008 267,421 (368,809) 93,822

Fund Balances/iDeficit) - Beginning of Year 1,421,103 (246,342) 3,938,014 717,714 5,830,489

Fund Balances/iDeficit) - End of Year $ 1,110,305 $ 259,666 $ 4,205,435 $ 348,905 ; 5 5,924,311


16

EAST FELICIANA PARISH POLICE JURY RECONCILIATION OE THE STATEMENT OE REVENUES,

EXPENDITURES AND CHANGES IN FUND BALANCES TO THE STATEMENT OE ACTIVITIES

FOR THE YEAR ENDED DECEMBER 31,2015

Change in Fund Balances - Total Governmental Funds $ 93,822

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

Governmental funds report capital outlays as expenditures. Flowever, in the Statement of Activities, the cost of these assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlay exceeded depreciation charged. 1,263,851

Some expenses reported in the Statement of Activites do not require the use of current financial resources and are not reported as expenditures in governmental funds:

Change in compensated absences 8,736

The change in the liability for pension expense is an actuarial calculation of future obligations related to retirement, survivor, disability, and termination benefits, and is not due and payable in the current period and, therefore, is not reported in the governmental funds

Pensions (16,676) Non-employer contributions for pensions 13,964

Revenues in the government-wide Statement of Activities that do not provide current financial resources are not reported as revenues in the funds 298,718

Change in Net Position - Governmental Activities $ 1,662,415


EAST FELICIANA PARISH POLICE JURY STATEMENT OF FIDUCIARY NET ASSETS

FIDUCIARY FUNDS

DECEMBER 31,2015

Library Tax

Sales Tax Total

ASSETS


Receivables, net of uncollectible amounts

15,604 346.918

61 675.411

15,665 1.022.329

TOTAL ASSETS $ 362,522 $ 675,472 $ 1,037,994

LIABILITIES

Due to other funds

Checks written in excess of funds available

Due to other government agencies

$ 459,765

10,000

362.522 205.707

459,765

10,000 568.229

Total Liabilities 362.522 675.472 1.037.994

NET ASSETS

Restticted

TOTAL LIABILITES AND NET ASSETS $ 362,522 $ 675,472 $ 1,037,994

See independent auditors' report.

18


NOTES TO THE FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2015

NATURE OF ORGANIZATION

The East Feliciana Parish Police Jury (the Police Jury) is the governing authority for East Feliciana Parish and is a political subdivision of the State of Louisiana. Nine jury members, representing individual districts within the parish, govern the Police Jury. The serve four-year terms and are paid for their services.

Louisiana Revised Statute 33:1236 gives the Police Jury various powers in regulating and directing the affairs of the Parish and its inhabitants. The more notable of these are the power to make regulations for its own governments; to regulate construction and maintenance of roads, bridges and drainage systems; to regulate the sale of alcoholic beverages; and to provide health and welfare of the poor, disadvantaged and unemployed in the Parish. Funding is provided primarily by ad valorem, sales and other taxes, and various other federal and state grants. The area of Fast Feliciana Parish includes 455 square miles wherein 288 miles of road are maintained. The population is 21,360 persons, and the Police Jury employs 37 persons.

In accomplishing its objectives, the Jury also has the authority to create special districts (component units) within the Parish. The districts perform specialized functions, such as fire protection, water distribution, sewerage collection and disposal, and health care facilities.

19



NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accounting and reporting practice of the Police Jury conforms to generally accepted accounting principles as applicable to governmental units. Such accounting and reporting procedures also conform to the requirements of Louisiana Revised Statute 24:513 and to the guidelines set forth in the Louisiana Governmental Audit Guide.

The following is a summary of certain significant accounting policies:

Financial Reporting Entity

As the governing authority of the Parish, for reporting purposes, the Police Jury is the financial reporting entity for East Feliciana 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) other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity to be misleading or incomplete.

Governmental Accounting Standards Board (GASB) Statement No. 14, The Reporting Entity, established criteria for determining the governmental reporting entity and component units that should be considered part of the Police Jury for financial reporting purposes. The basic criterion for including a potential component unit within the reporting entity is financial accountability. The GASB has set forth criteria to be considered in determining financial accountability. 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 organization and/or, b. The potential for the organization to provide specific financial benefits to or

impose specific financial burdens on the Police Jury. 2. Organizations for which the Police Jury does not appoint a voting majority but are

fiscally dependent on the Police Jury. 3. Organizations for which the reporting entity's financial statements would be misleading

if data of the organization is not included because of the nature or significance of the relationship.

20



NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (continued)

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

Component Unit Criteria Used

Audubon Regional Library 2,3 Water District No. 7 1,3 Gas Utility District No. 1 1,3 Gas Utility District No. 2 1,3 East Feliciana Council on Aging 2,3 East Feliciana Parish Sheriff 2,3 East Feliciana Parish Clerk of Court 2,3 East Feliciana Parish Tax Assessor 2,3 20^^ Judicial District Attorney 2,3 East Feliciana Parish Emergency Communications Commission 1,2 East Feliciana Parish Eire Protection District 1,3

The primary government's (Police Jury) financial statements include all funds under the Police Jury's control and certain organizations for which the Jury maintains the accounting records. The Police Jury maintains the accounting records for the 20^ Judicial District Criminal Court Fund. This fund is considered a part of the Police Jury and is included in the primary government financial statements as it is not considered to be a separate reporting entity. The Police Jury has chosen to issue financial statements of the primary government (Police Jury) only; therefore, none of the previously listed component units are included in the accompanying financial statements. The effect of the omission of these component units is unknown.

21




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

Also considered in the determination of component units of the reporting entity were the various municipalities and nonprofit entities in the Parish. It was determined that these governmental and nonprofit entities are not component units of East Feliciana Parish Police Jury reporting entity. These entities have separately elected governing bodies, are legally separate, and are fiscally independent of the Police Jury. The are considered by the Police Jury to be separate autonomous entities and issue financial statements separate from those of East Feliciana Parish Police Jury reporting entity.

Govemment-wide Accounting

In accordance with Government Accounting Standards Board (GASB) Statement No. 34, the Police Jury has presented a statement of net position and statement of activities of the Police Jury as a whole. These statements include the primary government with the exception of fiduciary funds. Those funds are reported separately. Govemment-wide accounting is designed to provide a more comprehensive view of the government's operations and financial position as a single economic entity. Govemment-wide statements distinguish between govemmental and business-type activities.

Govemmental activities are those financed through taxes, intergovernmental revenues and other non-exchange revenues and are usually reported in govemmental and intemal service funds. Business activities are financed in whole or in part through fees charged for goods or services to the general public and are usually reported in proprietary funds. The Police Jury does not have any business-type activities.

22




Policies specific to the government-wide statements are as follows:

Eliminating Internal Activity Inter-fund receivables and payables are eliminated in the statement of net position exception for the net residual amounts due between governmental and business-type activities. These are presented as internal balances. The allocation of overhead expenses from one function to another or within in the same function is eliminated in the statement of activities. Allocated expenses are reported by the function to which they are allocated.

Capitalizing Assets Tangible and/or intangible assets used in operations with an initial useful life that extends beyond one year are capitalized. Infrastructure assets such as roads and bridges are also capitalized. Capital assets are recorded at their historical cost or estimated cost where historical cost is unavailable and are depreciated using straight-line or modified accelerated recovery cost system methods of depreciation over their estimated useful lives. They are reported net of accumulated depreciation on the statement of net position.

Using the requirements of GASB Statement No. 34, the Police Jury is considered a Phase 3 government as total annual revenues is less than $10 million. Such governments were not required to report major general infrastructure assets retroactively. The Police Jury opted not to retroactively report these types of capital assets.

Program Revenues The statement of activities presents three categories of program revenues - (1) charges for services; (2) operating grants and contributions; and (3) capital grants and contributions. Charges for services are those revenues arising from charges to customers who purchase, use or directly benefit from goods and services provided by the Police Jury. Grants and contributions, whether operating or capital in nature, are revenues arising from receipts that are reserved for a specific use.

23




Indirect Expenses Expenses are reporting according to function except for those that meet the definition of special or extraordinary items. Direct expenses are specifically associated with a service or program. Indirect expenses include general government or administration that cannot be specifically traced to a service or program. Governments are not required to allocate indirect expenses to other functions, and the Policy Jury has chosen not to do so.

Operating Revenues Proprietary funds separately report operating and non-operating revenues. The Police Jury does not have proprietary funds and, therefore, does not recognize operating revenues.

Restricted Net Position Restricted net position is that for which a constraint has been imposed either externally or by law. The Police Jury recognizes the use of restricted resources for expenditures that comply with specific restrictions. Restricted resources are exhausted before unrestricted resources are used.

Fund Accounting

The Police Jury uses funds to report on its financial position and the results of its operations. Funds accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions relating to certain government functions or activities.

24




A fund is a separate entity with a self-balancing set of accounts. Funds of the Police Jury are classified into two categories: governmental and fiduciary. Each category, in turn, is divided into separate fund types. The fund classification and a description of each existing fund type follow:

Governmental Funds - Governmental funds account for all or most of the Police Jury's general activities, including the collection and disbursement of specific or legally reserved monies, the acquisition or construction of general fixed asset, and the servicing of general long-term debt obligations. Governmental funds include:

1. General Fund - this is the operating fund of the Police Jury which accounts for all financial resources except those required to be accounted for in other funds; and

2. Special Revenue Funds - account for the proceeds of specific revenue sources that are legally restricted to expenditures for specific purposes.

Fiduciary Funds - Fiduciary funds account for resources held in trust for other parties. As such, the Police Jury has no equity in these funds. The Police Jury utilizes the flow of economic resources measurement focus and the accrual basis of accounting. Fiduciary funds include Agency Funds, which account for assets that do not belong to the Police Jury and cannot be used to finance the Police Jury's own operating programs.

25




Basis of Accounting, Measurement Focus, and Financial Statement Presentation

The financial statements of the Police Jury are prepared in accordance with accounting principles generally in the United States of America.

The government-wide statements report using the economic resources measurement focus and the accrual basis of accounting, which generally includes the reclassification or elimination of internal activity (between or within funds). Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property tax revenues are recognized in the year for which they are levied while grants are recognized when grantor eligibility requirements are met.

Governmental fund financial statements are reported using a current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. The Police Jury considers revenues to be available if there are collected within 60 days of year-end. Expenditures are recorded when a liability is incurred, but debt service expenditures are recorded only when payment is due. Capital asset acquisitions are reported as expenditures, and the issuance of long-term debt is reported as other financial sources.

26




Budgets and Budgetary Accounting

Preliminary budgets for the ensuing year are prepared by the Parish Manager and Secretary/Treasurer prior to December 31 of each year. During November, the finance committee reviews the proposed budgets and makes changes as it deems appropriate. Notice of the location and availability of the proposed budgets for public inspection and the date of the public hearing to be conducted on the budgets are then advertised in the official journal of the Police Jury. Prior to its regular December meeting, the Police Jury conducts a public hearing on the proposed budgets in order to receive comments from residents. Changes are made to the proposed budgets based on the public hearing and the desires of the Police Jury as a whole. The budgets are then adopted during a December meeting and notice of adoption, that includes budget summaries, is published in the official journal.

The Parish Manager and Secretary/Treasurer presents necessary budget amendments to the Police Jury during the year when, in their judgment, actual operations are differing materially from those anticipated in the original budget. During a regular meeting, the Police Jury reviews the proposed amendments, makes changes as it deems necessary, and formally adopts the amendments as it deems necessary. The formal adoption of amendments is included in the Police Jury's minutes published in the Police Jury's official journal.

The Police Jury adopted annual budgets for all of the governmental funds on December 30, 2015. The annual budgets were prepared on a non-GAAP budgetary basis of accounting. Final amendments were approved by the Police Jury on December 28, 2015. Final amended budget amounts included in budget comparison reports prepared by the Parish Manager and Secretary/Treasurer are reflected in the financial statements. All appropriations lapse at year end. Unexpected appropriations must be re-appropriated in next year's budget to be expended.

27




Cash and Cash Equivalents

Cash and cash equivalents include amounts in demand deposits and investments with original maturities of three months or less from the date of acquisition. Under state law, the Police Jury may deposit funds in demand deposits, interest-bearing demand deposits, or time deposits with state banks organized under Louisiana law or any other state of the United States, or under the laws of the United States.

State law allows the Police Jury to invest in collateralized certificates of deposits, government backed securities, commercial paper, the state sponsored investment pool, and mutual funds consisting of government backed securities.

If the original maturities of time deposits are less than 90 days, they are classified as cash and cash equivalents.

Receivables

Revenues become susceptible to accrual when they become both measureable and available. Trade and property tax receivables are recorded at net of an allowance for uncollectible accounts. This allowance involves management's estimate of the amount that is expected to be collected based in part on historical information. The property tax receivable allowance is equal to 13% of assessed value at year end.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

28




Capital Assets

The Police Jury's assets are recorded at historical cost or estimated cost if historical cost is not available. Donated assets are valued at their estimated fair value on the date of donation. Capitalization thresholds are defined as assets with a cost of $2,500 or more per unit. The basic approach is utilized when reporting infrastructure expenditures for governmental units.

The costs of normal maintenance and repairs not adding to an asset's value or materially extending its useful life are not capitalized. Upon disposition of capital assets, the cost and applicable accumulated depreciation are removed from the respective accounts, and the resulting gain or loss is recorded in operations.

As surplus assets are sold for an immaterial amount when declared no longer needed for public purposes, no salvage value is taken into consideration for depreciation purposes. All capital assets, other than land and construction in progress, are depreciated using the straight-line method over the following useful lives:

Buildings 40 years Vehicles 5 years Equipment 5-10 years Infrastructure 40-50 years Furniture/Computers 7 years

29




Deferred Outflows/Inflows of Resources

In addition to assets, the statement of net position may report a separate section for deferred outflows of resources. This financial statement element represents a consumption of net position that applies to future period(s) and so will not be recognized as an expenditure until then. The Police Jury does not have any deferred outflows of resources.

In addition to liabilities, the statement of net position of balance sheet may report a separate section for deferred inflows of resources. This financial statement element represents an acquisition of net position that applies to future period(s) and so will not be recognized as revenue until that time. The Police Jury has one item that qualifies for reporting in this category resulting from unavailable property tax revenues reported under the modified accrual basis of accounting.

Compensated Absences

Full-time employees of the Police Jury earn annual leave depending on length of service as follows: a) one week after one year of service; b) two weeks after two years of service; c) three weeks after five years of service; and d) four weeks after ten years of service.

Hourly employees of the Police Jury earn annual leave depending on length of service as follows: a) one week after one year of service; b) two weeks after three years of service; c) three weeks after six years of service; and d) four week after twelve years of service. No leave is earned, however, while on suspension or leave without pay status. Annual leave may be carried over to the next calendar year. Employees are not paid for their unused annual leave at year end, but are paid accumulated, unused leave upon termination at the employee's current rate of pay-

30




Long-Term Obligations

In the govemment-wide financial statements, debt principal payments of governmental activities are reported as decreases in the balance of the liability on the statement of net position. In the fund financial statements, however, debt principal payments of governmental funds are recognized as expenditures when paid.

Equity Classifications

In the govemment-wide statements, equity is classified as net position and displayed in three categories:

1) Invested in capital assets - consists of capital assets, net of accumulated depreciation 2) Restricted - consists of net position with constraints placed on it use either by (a) extemal

groups such as creditors, grantors, contributors, or laws and regulations of other govemments; or (b) law through constitutional provisions or enabling legislation.

3) Unrestricted - consists of all other assets that do not meet the definition of "restricted" or "invested in capital asset".

31




In the fund financial statements, governmental fund equity is classified as fund balance. Beginning with fiscal year 2011, the Police Jury implemented GASB Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions. This statement provides more clearly defined fund balance categories to make the nature and extent of the constraints placed on the Police Jury's fund balance more transparent. The following classifications describe the relative strength of the spending constraints placed on the purposes for which resources can be used:

1) Nonspendable - amounts that are not in a spendable for (such as inventory) or are required to remain intact;

2) Restricted - amounts constrained to specific purposes by their providers (such as grantors, bondholders, and higher levels of government), through constitutional provisions, or by enabling legislation;

3) Committed - amounts constrained to specific purposes by the Police Jury itself, using the highest level of decision-making authority; to be reported as committed, amounts cannot be used for any other purpose unless the Police Jury takes the same highest level action to remove or change the constraint;

4) Assigned - amounts that the Police Jury intends to use for a specific purpose; intent can be expressed by the governing body or by an official or body to which the governing body delegates the authority;

5) Unassigned - amounts that are available for any purpose; positive amounts are reported only in the General Fund.

Inter-fund Transactions

Activity between funds for goods or services rendered, resulting from coding errors, resulting from inadequate payroll transfers, and other miscellaneous receivables/payables outstanding at the end of the fiscal year are reported as due (to)/from other funds (i.e., the current portion of inter-fund loans) in the fund financial statements.

32




Transfers and payments within the reporting entity that are substantially for the purposes of subsidizing operating functions, funding capital projects and asset acquisitions, or maintaining debt service on a routine basis are reported as operating transfers between funds of the reporting entity.

Inter-fund transactions are eliminated in the government-wide financial statements while all are reported in the fund financial statements.

NOTE 2 - CASH AND CASH EOUIVALENTS

Deposits are stated at cost, which approximates market. Under state law, they must be secured by federal deposit insurance or the pledge of securities owned by the fiscal agent bank. The market value of the pledged securities plus the federal deposit insurance must at all times equal or exceed the amount on deposit with the fiscal agent. These securities are held in the name of the pledging fiscal agent bank in a holding or custodial bank that is mutually acceptable to both parties.

Louisiana Revised Statute 39:1229 imposes a statutory requirement on the custodial bank to advertise and sell pledged securities within 10 days of being notified that the fiscal agent has failed to pay deposited fund upon demand even though the pledged securities are considered uncollateralized under the provisions of GASB Statement No. 3. The Police Jury does not have any cash and cash equivalents exposed to custodial risk.

The cash and cash equivalents on hand at December 31, 2015, are as follows:

Demand deposits $ 111,995

Interest-bearing demand deposits 4.465.611

S4.577.606

33



NOTE 3 - RECEIVABLES

The net receivables, with the exception of the interfund and intergovernmental transactions, are as follows:

Special General Revenue

Fund Funds Total

Accounts $ - $ 7,527 $ 7,527 Taxes 456.441 223.835 513.248

S 456.441 S 231.362 S 520.775

NOTE 4 - LEVIED TAXES

Property Taxes - Property taxes are levied on or about October for the current year and invoiced/collected by the East Feliciana Parish Sheriff. Taxes are due by December 3 following the levy date and are considered delinquent after the due date. The general, health unit, and library funds benefit from authorized and levied ad valorem taxes on property located within the Parish, (1) General Fund - 2.77 mills excepting the Town of Jackson which is 1.38; (2) Health Unit Fund - 3.00 mills; and (3) Library Fund - 2.50 mills.

Sales Taxes - The Police Jury receives the following sales taxes approved by the voters of the Parish; (1) 1% designated for roads and bridges; (2) 1% designated for solid waste management; and (3) 1% split between the general fund, and roads and bridges fund. There is an agreement with the East Eeliciana Parish School Board to collect the sales taxes of the Parish for a stipulated fee. The School Board remits the Police Jury's portion on a monthly basis.

34



NOTE 5 - CAPITAL ASSETS

Capital asset activity for the year ended December 31, 2015, is as follows:

Beginning Balance Additions Deletions

Ending Balance

Capital Assets, not depreciated Land $ 259,230 $ 259,230

Capital Assets, depreciated

Buildings Accumulated depreciation

9,943,571 (4.568.786)

5,374,785 (207.415) (207,415)

9,943,571 (4.776.201) 5.167.370

Equipment/Vehicles Accumulated depreciation

4,554,913 (2.546.365)

2,008,548

26,880 (200.401) (173,521)

(345,795) 345.795

4,235,998 (2.400.971) 1.835.027

Streets/Bridges Accumulated depreciation

5,904,195 ( 685.009)

5.219.186

2,007,111 ( 400.064) 1,607,047

7,911,306 (1.085.073) 6,826,233

Capital assets, depreciated, net 12.602.519 1.226.111 13.828.630

Capital assets, net SI2.861.749 S 1.226.111 S14.087.860

35


NOTES TO THE FINANCIAL STATEMENTS

AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2015

NOTE 5 - CAPITAL ASSETS, (continued)

Depreciation expense was charged to governmental functions as follows:

General government $225,332

Public safety 98,496

Public works 484.054 $807.880

NOTE 6 - ACCOUNTS AND OTHER PAYABLES

The payables, with the exception of the inter-fund and inter-govemmental transactions, are as

follows:

General Special Revenue

Fund Funds Total

Accounts - trade $ 2.831 $ 95.386 $ 98.217

NOTE 7 - COMPENSATED ABSENCES

Computed in accordance with GASB Codification Section C60, employees of the Police Jury

bad accumulated and vested S8,736 of employee leave benefits at December 31, 2015.

Governmental activities record these benefits in the statement of net position. This amount is

not included in the fund financial statements for the general fund.

36



NOTE 8 - PENSION PLAN

Plan Description

Substantially all employees of the Police Jury are members of the Parochial Employees Retirement System of Louisiana, a multiple-employer, public employee retirement system (PERS) controlled and administered by a separate board of trustees. All permanent employees working at least 28 hours per week who are paid wholly or in part from parish funds are eligible to participate. Contributions of participating agencies are pooled within the System to fund accrued benefits, with contribution rates approved by the Louisiana Legislature.

The System is composed of two distinct plans - Plan A and Plan B - with separate assets and benefit provisions. All participants are members of Plan A. Under Plan A employees who retire at or after age 60 with at least 10 years of creditable service or at or after age 55 with at least 25 years of creditable service are entitled to retirement benefits, payable monthly for life, equal to 3% of their final average salary in excess of $100 for each year of creditable service. Lurthermore, employees commencing at or after age 60, with the benefit reduced 3% for each year retirement precedes age 60. In any case, monthly retirement benefit paid under Plan A cannot exceed the lesser of 100% of final-average salary or S70 multiplied by total years of creditable service.

Linal-average salary is the employee's average salary over the 36 consecutive or joined months that produce the highest average. Employees who terminate with at least the amount of creditable service stated above and do not withdraw their contributions may retire at the ages specified above and receive the benefit accrued to their date of termination. The System also provides death and disability benefits. The same statute establishes these benefits.

37



NOTE 8 - PENSION PLAN, (continued)

Funding Policy

Contributions to the System include VA of 1% of the taxes shown to be collectible by the tax rolls of each parish, except Orleans and East Baton Rouge. These tax dollars are divided between Plans A and B, based proportionately on the salaries of the active members of each plan. State statutes require covered employees to contribute a percentage of their salaries to the System. As provided by Louisiana Revised Statute 11:103, the employer contributions are determined by actuarial valuation and are subject to change each year based on the results of the valuation for the prior fiscal year. Plan members are required to contribute 9.50% of their annual covered salary and the Police Jury is required to contribute 16.72% of annual covered payroll. The Police Jury's contributions to the System for the years ended December 31, 2015, 2014, and 2013 were $143,426, $143,426 and $160,254, respectively, equal to the required contributions for each year. Under present statues, the Police Jury does not guarantee the benefits granted by the System.

The System issues an annual publicly available financial report that includes financial statements and required supplementary information for the System. That report may be obtained by writing to the Parochial Employees' Retirement System, PO Box 14619, Baton Rouge, Louisiana 70898.

Pension Liabilities, Pension Expense, Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions

At December 31, 2015, the Police Jury reported a liability totaling $52,459 for its proportionate share of the net pension liability for the Lund. The net pension liability was measured as of December 31, 2014 and the total pension liability used to calculate the Net Pension Liability was determined by an actuarial valuation as of that date. The Police Jury's proportion of the Net Pension was based on a projection of the Police Jury's long-term share of contributions to the pension plan relative to the projected contributions of all participating employers, actuarially determined. At December 31, 2014, the Police Jury's proportion was .191870% for the Lund, which was a decrease of .0000798% from its proportion measured as of December 31, 2013.

38




Pension Liabilities, Pension Expense, Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions, (continued)

For the year ended December 31, 2015, the Police Jury recognized pension expense for the Fund totaling $139,577. Added to pension expense is the employer's amortization of change in proportionate share and differences between employer contributions and proportionate share of contributions total $23,349 for the Fund.

For the year ended December 31, 2015, the Police Jury recognized revenue from ad valorem taxes and revenue sharing funds received by the Fund. These additional sources of income are used as employer contributions and are considered support from non-employer contributing entities totaling $13,964.

39


NOTES TO THE FINANCIAL STATEMENTS

AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2015


Pension Liabilities, Pension Expense, Deferred Outflows of Resources and Deferred Inflows

of Resources Related to Pensions, (continued)

At December 31, 2015, the Policy Jury reported deferred outflows of resources and deferred

inflows of resources related to pension from the Fund:

Deferred

Outflows of

Resources

Deferred

Inflows of

Resources

Differences between expected and actual experience $ $ 23,320

Change in assumptions

Net difference between projected and actual earnings

on pension plan investments 108,921

Changes in proportion and differences between

employer contributions and proportionate share

of contributions 43

Employer contributions subsequent to the

measurement date 23.349

S 132.270 S 23.363

40





Employer contributions subsequent to the measurement date totaling $108,921 and reported as deferred outflows of resources will be recognized as a reduction of the Net Pension Liability in the year ended December 31, 2016. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:

Year Ended December 31: 2016 $ 19,443 2017 19,443 2018 27.229

$ 85.558

41





Actuarial Assumptions

The total pension liability in the December 31,2014 actuarial valuation for the Fund was determined using the following actuarial assumptions, applied to all periods included in the measurement:

Valuation Date: December 31. 2014

Actuarial Cost Method: Entry Age Normal

Actuarial Assumptions:

Investment Rate of Return: Projected Salary Increases: Mortality Rates:

Expected Remaining Service Lives

7.25% net of investment expense, including inflation 5.75% (3.00% Inflation, 2.75% Merit) RP-2000 Combined Health Mortality Table (set back 3 years for males and 1 year for females) RP-2000 Disabled Lives Mortality Tables

4 years

Cost of Living Adjustments The present value of future retirement benefits is based on benefits currently being paid by the Eund and includes previously granted cost of living increases. The present values do not include provisions for potential future increases not yet authorized by the Board of Trustees as they were deemed not to be substantively automatic.

42





Actuarial Assumptions, (continued)

Mortality Rate

The mortality rate assumption used was verified by combining data from this plan with three other statewide plans which have similar workforce composition in order to produce a creditable experience. The aggregated data was collected over the period January 1, 2004 through December 31, 2009. The data was then assigned credibility weighting and combined with a standard table to produce current levels of mortality. This mortality was then projected forward to a period equivalent to the estimate duration of the Fund's liabilities. Annuity values calculated based on this mortality were compared to those produced by using a setback of standard tables. The result of the procedure indicated that these tables would produce liability values approximating the appropriate generational mortality tables used.

Long-Term Expected Real Rate of Return

The long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The long-term expected rate of return was 8.11% as of December 31, 2014. Best estimates of geometric real rates of return for each major asset class included in the pension plan's target asset allocation as of December 31, 2014 are summarized in the following table:

43





Actuarial Assumptions, (continued)

Discount Rate

The discount rate used to measure the total pension liability was 7.25%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current contribution rates and that contributions participating employers will be made at actuarially determined rates approved by Public Retirement Systems' Actuarial Committee taking into consideration the recommendation of the Fund's actuary. Based on these assumptions, the Fund's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

44




Pension Liabilities. Pension Expense. Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions, (continued)

Sensitivity of the Police Jury's Proportionate Share of the Net Pension Liability to Changes in the Discount Rate

The following presents the Police Jury's proportionate share of the Net Pension Liability using the discount rate of 7.25%, as well as what the Police Jury' proportionate share of the Net Pension Liability/(Asset) would be if it were calculated using a discounted rate that is one percentage point lower, or one percentage point higher than the current rate:

Current 1% Decrease Discount Rate 1% Increase

6.25% 7.25% 8.25%

Police Jury's proportionate share of the Net Pension Liability/(Asset) $ 75,837 $ 52,459 $( 54,653)

Detailed information about the pension plan's fiduciary net position is available in the separately issued stand-alone audit report on their financial statements for the year ended December 31, 2014. Access to the report can be found on the Louisiana Legislative Auditor's website, www.lla.la.goy.

NOTE 9 - OTHER POST-EMPLOYMENT BENEFITS

The Police Jury does not offer any post-employment benefits to its employees upon retirement.

45

http://www.lla.la.goy



NOTE 10 - INTER-FUND TRANSACTIONS

Amounts due (to)/from other funds within the Police Jury are as follows:

Receivables Payables

General Fund Special Revenue Funds:

Roads and Bridges Solid Waste Coroner Criminal Court Health Unit

Fiduciary Funds: Library Sales Tax

$ 347,329

354,614 1.175.000

$ 18,686

1,175,000 16,779 27,039 175,055 4.619

459.765

S 1.876.943 S 1.876.943

Transfers between funds during the year were as follows:

Transfers In Transfers Out

General Fund Special Revenue Funds

Roads and Bridges Criminal Court Health Unit

1,097,382 75.000

$ 672,382

500.000

S 1.172.382 S 1.172.382

46



NOTE 11 - CRIMINAL COURT FUND BALANCE

Louisiana Revised Statute 15:571.11 requires that one-half of any balance remaining in the Criminal Court Fund at year end be transferred to the General Fund. However, because of constraints related to funding the Criminal Court Fund, the Police Jury has elected not to transfer any amounts due from the 20^ Judicial District Criminal Court. As of December 31, 2015, the Criminal Court Fund had a deficit fund balance of $149,955. The General Fund will fund appropriate resources necessary to alleviate the deficit.

NOTE 12 - LITIGATION

The Policy Jury is a defendant in two lawsuits for which the outcome cannot be determined at this time. A financial impact is not anticipated with either of these suits.

NOTE 13 - RELATED PARTY TRANSACTIONS

There were not related party transactions that would require disclosure in the accompanying financial statements.

NOTE 14- SUBSEOUENT EVENTS

There were no events subsequent to year end and through July 15, 2016, the date on which these financial statements were available to be issued, that would have a significant impact on them.

47



NOTE 15 - NEW ACCOUNTING PRONOUNCEMENTS

The GASB has issued Statement No. 68, ''Accounting and Financial Reporting for Pensions: an amendment of GASB Statement No. 27. " This Statement replaces the requirements of Statements No. 27 and No. 50 related to pension plans that are administered through trusts or equivalent arrangements. The requirements of the Statements No. 27 and No. 50 remain applicable for pensions that are not administered as trusts or equivalent arrangements. The requirements of this Statement are effective for financial statements for fiscal years beginning after June 15, 2014. The adoption of GASB No. 68, requires net pension liabilities to be recognized on the Statement of Net Position. The effects of this statement were applied retroactively by reporting the cumulative effect of the application as a restatement of beginning net position of fund balance, as appropriate. The impact of the implementation of this to the Police Jury's financial statements was a decrease in net position of $13,692 for governmental activities.

The GASB has issued Statement No. 69, "Government Combinations and Disposals of Government Operations.'' This Statement establishes accounting and financial reporting standards related to government combinations and disposals of government operations. The requirements of this Statement are effective for financial statements for periods beginning after December 31, 2013. This Statement did not have a material effect on the Police Jury's financial statements upon implementation.

The GASB has issued Statement No. 70, "Accounting and Financial Reporting for Nonexchange Financial Guarantees." The requirements of this Statement will enhance comparability of financial statements among governments by requiring consistent reporting by those governments that extend nonexchange financial guarantees and by those governments that receive nonexchange financial guarantees. The requirements of this Statement are effective for financial statements for periods beginning after June 15, 2013. This Statement did not have a material effect on the Police Jury's financial statements upon implementation.

48



NOTE 15 - NEW ACCOUNTING PRONOUNCEMENTS, (continued)

The GASB has issued Statement No. 71, "Pension Transition for Contributions Made Subsequent to the Measurement Date - an amendment of GASB Statement No. 68. " The requirements of this Statement will eliminate the source of a potential significant understatement of restated beginning net position and expense in the first year of implementation of Statement 68 in the accrual-basis financial statements of employers and non-employer contributing entities. This benefit will be achieved without the imposition of significant additional costs. The requirements of this Statement are effective for financial statements for periods beginning after June 15, 2014. This Statement did not have a material effect on the Police Jury's financial statements upon implementation.

The GASB has issued Statement No. 72, ''Fair Value Measurement and Application." The requirements of this Statement will enhance comparability of financial statements among governments by requiring measurement of certain assets and liabilities at fair value using a consistent and more detailed definition of fair value and accepted valuation techniques. This Statement also will enhance fair value application guidance and related disclosures in order to provide information to financial statement users about the impact of fair value measurements on a government's financial position. The requirements of this Statement are effective for financial statements for periods beginning after June 15, 2015. The Police Jury plans to adopt this Statement as applicable by the effective date.

49




The GASB has issued Statement No. 73, ''Accounting and Financial Reporting for Pensions and Related Assets That Are Not within the Scope of GASB Statement 68, and Amendments to Certain Provisions of GASB Statements 61 and 68." The requirements of this Statement will improve financial reporting by establishing a single framework for the presentation of information about pensions, which will enhance the comparability of pension-related information reported by employers and nonemployer contributing entities. The requirements of this Statement that address accounting and financial reporting by employers and governmental nonemployer contributing entities for pensions that are not within the scope of Statement 68 are effective for financial statements for fiscal years beginning after June 15, 2016, and the requirements of this Statement that address financial reporting for assets accumulated for purposes of providing those pensions are effective for fiscal years beginning after June 15, 2015. The requirements of this Statement for pension plans that are within the scope of Statement 67 or for pensions that are within the scope of Statement 68 are effective for fiscal years beginning after June 15, 2015. The Police Jury plans to adopt this Statement as applicable by the effective date.

The GASB has issued Statement No. 74, "Financial Reporting for Post-Employment Benefit Plans Other Than Pension Plans." The requirements of this Statement will improve financial reporting primarily through enhanced note disclosures and schedules of required supplementary information that will be presented by OPEB plans that are administered through trusts that meet the specified criteria. This Statement is effective for financial statements for fiscal years beginning after June 15, 2016. The Clerk plans to adopt this Statement as applicable by the effective date.

The GASB has issued Statement No. 75, "Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions." The requirements of this Statement will improve the decision-usefulness of information in employer and governmental nonemployer contributing entity financial reports and will enhance its value for assessing accountability and interperiod equity by requiring recognition of the entire OPEB liability and a more comprehensive measure of OPEB expense. This Statement is effective for fiscal years beginning after June 15, 2017. The Police Jury plans to adopt this Statement as applicable by the effective date.

50




The GASBhas issued Statement No. 76, ''The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments." The objective of this Statement is to identify—in the context of the current governmental financial reporting environment—^the sources of accounting principles used to prepare financial statements of state and local governmental entities in conformity with generally accepted accounting principles (GAAP) and the framework for selecting those principles. The requirements of this Statement are effective for reporting periods beginning after June 15, 2015. The Police Jury plans to adopt this Statement as applicable by the effective date.

The GASB has issued Statement No. 77, "Tax Abatement Disclosures." The requirements of this Statement improve financial reporting by giving users of financial statements essential information that is not consistently or comprehensively reported to the public at present. Disclosure of information about the nature and magnitude of tax abatements will make these transactions more transparent to financial statement users. The requirements of this Statement are effective for financial statements for periods beginning after December 15, 2015. The Police Jury plans to adopt this Statement as applicable by the effective date.

NOTE 16 - PRIOR PERIOD ADJUSTMENT

According to GASB Statement 68, net pension liability is required to be recognized on the Statement of Net Position. A prior adjustment was made for the implementation of GASB 68 (as more fully discussed in Note 15).

51


BUEDGETARY COMPARISON SCHEDULE

GENERAL FUND


Actual Variance with

Budgeted Amounts Amounts Final Budget

(Budgetary Positive/

Original Final Basis) (Negative)

REVENUES

Intergovemm ental $ 542,450 S ; 219,584 $ 55,775 $ (163,809)

Taxes 1,207,847 1,355,324 1,411,012 55,688

Franchise fees 9,000 14,138 14,138 -Insurance rebates 85,000 95,150 95,152 2

Licenses and permits 185,000 168,100 161,623 (6,477)

Charges for services 1,350 1,435 180,123 178,688

Rents and other fees 20,000 18,000 162,421 144,421

Grants and other contributions 143,000 194,480 355,212 160,732

Interest earned 270 40 154 114

Other 35,850 42,100 20,968 (21,132)

Total Revenues 2,229,767 2,108,351 2,456,578 348,227

EXPENDITURES

General government 1,054,600 951,787 646,725 305,062

Culture and recreation 8,400 11,878 8,278 3,600

Economic development 27,000 27,000 5,493 21,507

Health and welfare 140,000 158,747 212,881 (54,134)

Public safety 669,767 620,466 1,062,544 (442,078)

Public works 11,000 7 94,600 (94,593)

Capital outlay 250,000 - 64,473 (64,473)

Total Expenditures 2,160,767 1,769,885 2,094,994 (325,109)

Excess/(Deficiency) of Revenues over

Expenditures before Other Financing

Sources/(Uses) 69,000 338,466 361,584 23,118

OTHER FINANCING SOURCES/(USES)

Transfers, net 243,100 (338,282) (672,382) (334,100)

Claims - - - -

Total Other Financing Sources/(Uses) 243,100 (338,282) (672,382) (334,100)

Excess/(Deficiency) of Revenues and

Other Financing Sources over

Expenditures and Other Financing Uses 312,100 184 (310,798) (310,982)

Fund Balances - beginning of year 1,421,103 1,421,103 1,421,103 _

Fund Balances - end of year $ 1,733,203 S ; 1,421,287 $ 1,110,305 $ (310,982)


53


BUEDGETARY COMPARISON SCHEDULE

ROADS & BRIDGES FUND

FOR THE YEAR ENDED DECEMBER31, 2015

REVENUES

Intergovemm ental

Taxes

Licenses and permits

Grants and contributions

Interest earned

Other

Total Revenues

Budgeted Amounts

Original

1,183,600

5,400

250,000

400

144.000

Final

1,465,512

3,400

264,376

285

348.495

1.583.400 2.082.068

Actual

Amounts

(Budgetary

Basis)

1,582,574

3,400

261,251

285

348,494

2.196.004

Variance with

Final Budget

Positive/

(Negative)

117.062

(3,125)

W

113.936

EXPENDITURES

Public works

Capital outlay

Total Expenditures


Expenditures before Other Financing

Sources/(Uses)

956,300

610.100

1.566.400

17.000

974,761

2.104.673

3.079.434

780,118

2.007.260

2.787.378

(591,374)

194,643

97,413

292.056

405.992


Transfers, net

Total Other Financing Sources/(Uses)


Other Financing Sources over

Expenditures and Other Financing Uses

(17,000)

(17,000)

997.382

997.382

16

1.097.382

1.097.382

506.008

100.000

100.000

505.992

Fund Balances/(Deficits) - beginning of year

Fund Balances/(Deficits) - end of year

(246,342)

(246,342)

(246,342)

(246,326)

(246,342)

259.666 505.992


54

EAST FELICIANA PARISH POLICE JURY BUEDGETARY COMPARISON SCHEDULE

SOLID WASTE FUND FOR THE YEAR ENDED DECEMBER 31, 2015

Budgeted Amounts

REVENUES

Taxes

Interest earned Other

Total Revenues

EXPENDITURES

Public works

Capital outlay

Total Expenditures


E>q)enditures before Other Einancing

Sources/(Uses)

OTHER EINANCING SOURCES/(USES) Transfers, net

Total Other Einancing Sources/(Uses)


Other Einancing Sources over

E>q)enditures and Other Einancing Uses

Eund Balances - beginning of year

Eund Balances - end of year

Original

1,450,000

4.200

1.454.200

1,414,500 89.700

1.504.200

(50,000)

50.000

50.000

3.938.014

3.938.014

Einal

1,467,200

485 3.104

1.470.789

I.I 97.747

I.I 97.747

273.042

100.000

100.000

373.042

3.938.014

Actual Amounts

(Budgetary

Basis)

1,467,027

485 3,104

I.470.6I6

I.203.I95

I.203.I95

267.421

267.421

3.938.014

4.3II.056 4.205.435

Variance with Einal Budget

Positive/

(Negative)

$ (173)

(173)

(5,448)

(5,448)

(5,621)

(100,000)

(100,000)

(105,621)

(105,621)


55


SCHEDULE OE PROPORTIONATE SHARE OE THE NET PENSION LIABILITY

FOR THE YEAR ENDED DECEMBER 31, 2015*

Parochial Employees Retirement System of Louisiana

Police Jury's proportion of the net pension liability 0.191870%

Police Jury's proportionate share of the net pension liabihty $ 52,459

Police Jury's covered-employee payroll $ 858,019

Police Jury's proportionate share of the net pension liabihty

as a percentage of its covered-employee payroll 6.11%

Plan fiduciary net position as a percentage of the total pension habiliity

Note: Schedule is intended to show information for 10 years. Additional years will be

displayed as they become available.

*The amounts presented have a measurement date of the previous fiscal year end.


56

EAST FELICIANA PARISH POLICE JURY SCHEDULE OF CONTRIBUTIONS - RETIREMENT PLAN


Parochial Employees Retirement System of Louisiana

Contractually required contribution $ 124,415

Contributions in relation to the contractually required contribution $ 115,620

Contribution (deficiency)/excess $ 8,795

Police Jury's covered-employee paryoll $ 858,019

Contribtions as a percentage of covered-employee payroll 13.48%

Note: Schedule is intended to show information for lOyears. Additional years will be

displayed as they become available.

See independent auditors' report. 57


COMBINING BALANCE SHEET

NON-MAJOR SPECIAL REVENUE FUNDS

DECEMBER 31,2015

ASSETS


Receivables, net

Accounts

Taxes

Due from other government agencies

Coroner

3,328

280

Criminal

Court

; 17,853

7.247

Health

Unit

513,248

12.566

Total

$ 177,379 $ 198,560

7,527

513,248

12.566

TOTAL ASSETS $ 25,100 $ 703,193 $ 731,901

LIABILITIES

Due to other funds

Due to other government agencies

27.039 175.055 4.619 206.713

Total Liabilities 27.039 175.055 4.619 206.713

DEFERRED INFLOWS OF RESOURCES

Unavailable revenue 176.283 176.283

FUND BALANCES/(DEF1C1T)

Restricted for health unit operations

Committed for:

Coroner expenses

Court operations

(23,431)

(149,955)

522.291 522,291

(23,431)

(149,955)

Total Fund Balances/(Deficit) (23,431) (149,955) 522.291 348.905

TOTAL LIABILITIES, DEFERRED

INFLOWS OF RESOURCES AND

FUND BALANCES/(DEF1C1T) 25,100 $ 703,193 $ 731,901


59


COMBINING STATEMENT OE REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES

NON-MAJOR SPECIAL REVENUE FUNDS


REVENUES

Intergovemm ental

Ad valorem taxes

Fines and forfeitures

Interest earned

Total Revenues

Coroner

5.777

5.777

Criminal

Court

Health

Unit

25,955

326,452

47

Totals

25,955

326,452

70,363

50

352.454 422.820

EXPENDITURES

Health and welfare

Pubhc safety

Total Expenditures

Excess/(Deficiency) of Revenues

over Expenditures Before Other

Financing Sources/(Uses)

30.628

30.628

(24,851)


Transfers, net

Change in Fund Balances (24,851)

Fund Balances - beginning of year 1,420

Fund Balances - end of year $ (23,431)

160.052

160.052

(95,463)

75.000

(20,463)

(129,492)

(149,955)

175.949

175.949

176,505

(500,000)

(323,495)

845,786

522.291

175,

190.

56.191

(425,000)

717.714

348.905



SCHEDULE OF CHANGES IN DEPOSITS AND OTHER PAYABLES

FIDUCIARY FUNDS


Library

Tax

Sales

Tax Total

Deposits - beginning of year 353.800 568.281 922.081

Additions

State revenue sharing

Interest earned

Taxes

41.104

327.467

10

3.151.795

41,104

10

3.479.262

Total Additions 368.571 3.151.805 3.520.376

Reductions

Payments to agencies 359.849 3.044.614 3.404.463

Total Reductions 359.849 3.044.614 3.404.463

Deposits - end of year 362.522 675.472 1.037.994


61


SCHEDULE OF COMPENSATION PAID TO GOVERNING MEMBERS YEAR ENDED DECEMBER 31, 2015

This schedule is presented in accordance with House Concurrent Resolution No. 54 of the 1979 Session of the Louisiana Legislature.

Name of Police Juror Amount

District 1-A Dennis Aucoin $11,028.00

District 1-B Chris Hall 11,028.00

District 2 Edward Brooks, Sr. 11,028.00

District 3 Jason H. McCray 11,028.00

District 4-A Keith Mills 11,028.00

District 4-B Dwight Hill 11,028.00

District 5 Larry Beauchamp 11,028.00

District 6 Sean P. Smith 10,428.00

District 7 Louis Kent (President) 10.428.00

Total S 98.052.00

See Independent Auditors' Report

62


SCHEDULE OF COMPENSATION, BENEFITS AND OTHER PAYMENTS TO

AGENCY HEAD YEAR ENDED

DECEMBER 31.2015

Agency Head J. R. Rouchon

Parish Manager

Purpose Amount Salary $ 60,216

Benefits - retirement 9,604 Benefits - group insurance 7,256

Travel: Lodging 741

Per diem 516 Mileage 296 Registration/membership fees 560

Total Compensation, Benefits and Other Payments 79,189

See Independent Auditors' Report

63


INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED

ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

Ms. Barbara Vail, Parish Manager and the Members of the Police Jury

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and the aggregate remaining fund information of the East Feliciana Parish Police Jury as of and for the year ended December 31, 2015, and the related notes to the financial statements, which collectively comprise the East Feliciana Parish Police Jury's basic financial statements, and have issued our report thereon dated August 4, 2016.

Internal Control over Financial Reporting

In plaiming and performing our audit, we considered East Feliciana Parish Police Jury's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the East Feliciana Police Jury's internal control. Accordingly, we do not express an opinion on the effectiveness of the East Feliciana Parish Police Jury's internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented or detected and corrected on a timely basis. A significant deficiency, is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

YT95 WEST CAUSEWAY APPROACH, SUITE 202, MANDEVILLE, LOUISIANA 70471



Our consideration of the internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in intemal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified. Given these limitations, during our audit we did not identify any deficiencies in intemal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Compliance and Other Matters

As part of obtaining reasonable assurance about whether the East Feliciana Parish Police Jury's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and, accordingly, we do not express such an opinion. The results of our tests disclosed instances of noncompliance or other matters that are required to be reported under Government Auditing Standards and which are described in the accompanying schedule of findings and questioned costs as items 2015-001 through 2015-003.

East Feliciana Parish Police Jury's Response to Finding

The East Feliciana Parish Police Jury's response to the finding identified in our audit is described in the accompanying schedule of findings and questioned costs. The East Feliciana Parish Police Jury's response was not subjected to the auditing procedures applied in the audit of the financial statements, and, accordingly, we express no opinion on it.

YT95 WEST CAUSEWAY APPROACH, SUHE 202, MANDEVILLE, LOUISIANA 70471



Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing and not provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

This report is intended solely for the information and use of management, others within the agency, the Legislative Auditor, federal awarding agencies, and pass-through entities and is not intended to be and should not be used by anyone else other than these specified parties. Under Louisiana Revised Statute 24:513, this report is distributed by the Legislative Auditor as a public document.

GARRETY & ASSOCIATES, CPAs, LLC Mandeville, Louisiana August 4, 2016

i795 WEST CAUSEWAY APPROACH, SUITE 202, MANDEVILLE, LOUISIANA 70471


EAST FELICIANA PARISH POLICE JURY SCHEDULE OE EIISDINGS AISD QUESTIONED COSTS

FOR THE YEAR EISDED DECEMBER 31, 2015

Section I - Summary of Auditor's Results

Financial Statements

We have audited the basic financial statements of the East Feliciana Parish Police Jury as of and for the year ended December 31, 2015, and have issued our report thereon date Juy. 12, 2016. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained [Government Auditing Standards , issued by the Comptroller General of the United States. Our audit ofth financial statements as of December 31, 2015 resulted in an unmodified opinion on the primary govemment only.

Type of auditor's report issued: Adverse on financial statements do not include financial data on legally separate component units. Qualified on aggregate remaining fund information and changes in financial position Unmodified on primary govemement only

Intemal control over financial reporting: Material weaknesses identified? yes X no Significant deficiencies identified

not considered to be material weaknesses? yes X none reported

Noncompliance material to financial statements noted? yes X no

Management Letter

Was a management letter issued? yes X no




Section II - Financial Statement Findings

Current Year (December 31, 2015):

Non-Compiiance with State Laws and Reguiations

2015-001: Filing of Report with Louisiana Legislative Auditor

Condition: Financial statements were not timely filed with the Louisiana Legislative Auditor.

Criteria: LSA-RS 24:513(5)(a) requires the engagement to be completed within six months of the close of the entity's fiscal year.

Cause: The Police Jury was informed that the GASB No. 68 measurement and disclosure information incorrectly inlcuded information for the East Felciana Parish 911 Communication District two day prior to issuance of financial statements and requested an extension to properly address the matter and submit accurate financial information.

Effect: The Police Jury's request was denied by the Louisiana Legislative Auditor and the engagement was not completed within six months of the close of the Police Jury's fiscal year.

Audtior's Recommendation: The Police Jury will work to determine the effect of error and assess the cost/benefit of correcting the misstatement or issuing a qualified opinion on the implementation of GASB No. 68.

Management's Response: This matter was an error of the Parochial Employees Retirement System (PERS). The Police Jury had no knowledge that incorrect information was included in the

GASB No. 68 measurement and disclosure package provided. The Police Jury has always taken appropriate action to ensure timely filing of the financial statements with the Louisiana Legislative Auditor.

2015-002: Interest Earned on Grant Reimbursements

Condition: Grant funds reimbursed were deposited into an interest-bearing checking account

Criteria: Federal and state regulations specifically prohibit depositing grant funds into an interest-bearing checking account earning interest in excess of $100.

Cause: The Police Jury was not aware of the regulation and was of the understanding that it was allowed to deposit reimbursed funds into an interest-bearing checking account.

Effect: The Police Jury is in noncompliance with grant regulations but the amount of the effect of the noncomplaince matter is $38, which is clearly immaterial to the financial statements.

Audtior's Recommendation: The Police Jury should monitor grant compliance regulations on a thorough basis to ensure compliance with the grants.

Management's Response: This was a misunderstanding of the previous Parish Manager and steps have been taken to rectify the matter. The successor Parish Manager has been in constant contact with the

State of Louisiana to have the matter rectified and implement procedures to ensure proper monitoring of the grant compliance matters.




Financial Statement Findings

2015-003: Fund Deficits

Condition: The Criminal Court Fund has a net deficit of $149,955 (This is a repeat finding).

Criteria: Public bodies should operate in such a manner as to alleviate operating results the lead deficit net assets.

Cause: Because of constraints related to funding of the Criminal Court Fund the deficit was generated.

Auditor's Recommendation: The Police Jury should approve for the General Fund to fund the appropriate resources necessary to alleviate the deficit.

Management's Response: The Police Jury has approved for the General Fund to fund the appropriate resources necessary to alleviate the deficit and will do so in the future.

The deficit in the Roads and Bridges fund from the prior year was generated generated from major road overlays and was alleviated in the current year.

Status: This finding was unresolved in the current year.

Prior Year (December 31, 2014):

Financial Statement Findings

2014-001: Fund Deficits

Condition: The Criminal Court Fund had a net deficit of $129,492 (This was a repeat finding) and the Road and Bridges Fund had a net deficit of $246,342.

Criteria: Public bodies should operate in such a manner as to alleviate operating results the lead deficit net assets.

Cause: Because of constraints related to funding of the Criminal Court Fund the deficit was generated.

Auditor's Recommendation: The Police Jury should approve for the General Fund to fund the appropriate resources necessary to alleviate the deficit.

Management's Response: The Police Jury has approved for the General Fund to fund the appropriate resources necessary to alleviate the deficit and will do so in the future.

The deficit in the Roads and Bridges fund from the prior year was generated generated from major road overlays and was alleviated in the current year.

Status: This finding was unresolved in the current year.


east feliciana parish police jury...feliciana parish police jury as of december 31, 2015, and the...

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