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IBERIA PARISH CLERK OF COURT
June 30, 2015
TABLE OF CONTENTS
Independent Auditor's Report 3
BASIC FINANCIAL STATEMENTS
GOVERNMENT-WIDE FINANCIAL STATEMENTS (GWFS) Statement of Net Position 6 Statement of Activities 7
FUND FINANCIAL STATEMENTS (FFS) Fund Description-Major Fund 9 Balance Sheet-Governmental Fund 10 Reconciliation of the Government Fund Balance Sheet
To the Statement of Net Position 11 Statement of Revenues, Expenditures, and Changes in Fund
Balance-Governmental Fund 12 Reconciliation of the Statement of Revenues, Expenditures, and
Changes in Fund Balance of the Governmental Fund to the Statement of Activities 13
Fund Description-Fiduciary Funds 14 Statement of Fiduciary Net Position 15
Notes to Basic Financial Statements 16-37
REQUIRED SUPPLEMENTARY INFORMATION General Fund
For the Year Ended June 30, 2015 Budgetary Comparison Schedule 39
Budgetary Comparison Schedule Revenues 40 Budgetary Comparison Schedule-Expenditures 41-42
Schedule of Funding Progress 43 Schedule of Employer's Share of Net Pension Liability 44 Schedule of Employer Contributions 45
OTHER SUPPLEMENTARY INFORMATION (Fiduciary) Agency Funds:
Combining Statement of Fiduciary Assets and Liabilities 47 Combining Statement of Changes in Assets and Liabilities for the Year Ended June 30, 2015 48
INTERNAL CONTROL AND COMPLIANCE Independent Auditor's Report on interna! Control over Financial 50-51
Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards
Schedules of Current and Prior Audit Findings and Management's Corrective Action Plan 52-53
R. PERRY TEMPLETON CERTIFIED PUBLIC ACCOUNTANT
(A PROFESSIONAL ACCOUNTING CORPORATION)
Phone 337/365-5546 Facsimile 337/365-5547 E-Mail: perry@ptempleloncpa,com
124 Washington Street Suite A
New Iberia, Louisiana 70560-3885
MEMBER AMERICAN INSTITUTE OF
CERTIFIED PUBLIC ACCOUNTANTS SOCIETY OF LA CPA'S
INDEPENDENT AUDITOR'S REPORT
The Honorable Michael Thibodeaux Iberia Parish Clerk of Court New Iberia, Louisiana
Report on the Financial Statements
I have audited the accompanying financial statements of the governmental activities, the major fund, and the aggregate remaining fund information of the Iberia Parish Clerk of Court (hereinafter "Court"), as of and for the year ended June 30, 2015, and the related notes to the financial statements, which collectively comprise the Iberia Parish Clerk of Court's basic financial statements, as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted In United States of America; this Includes the design, implementation, and maintenance of Internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
My responsibility Is to express opinions on these financial statements based on my audit. I conducted my audit in accordance with 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. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from materia! misstatement.
An audit involves performing procedures to obtain audit 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 internal control relevant to the Court'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 Court's Internal control. Accordingly, I express no such opinion. An audit also Includes evaluating the appropriateness of accounting principles used and the reasonableness of significant estimates made by management, as well as evaluating the overall presentation of the financial statements. I believe that the audit evidence I have obtained Is sufficient and appropriate to provide a basis for my audit opinions
The Honorable Michael Thibodeaux December 22, 2015 Page 2
In my opinion, the financial statements referred to previously present fairly, in all material respects, the respective financial position of the governmental activities, each major fund, and the aggregate remaining fund information of the Iberia Parish Clerk of Court as of June 30, 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.
Emphasis of Matter
As described in Note 13 to the financial statements, the Iberia Parish Clerk of Court adopted the provisions of GASB Statement No. 68, Accounting and Financial Reporting for Pensions, in 2015. My opinion is not modified with respect to this matter.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that budgetary comparison information 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 to be an essentia! part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. I 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 my inquiries, the basic financial statements, and other knowledge I obtained during I audit of the basic financial statements. I do not express an opinion or provide any assurance on the budgetary comparison information on pages 30 through 33 because the limited procedures do not provide me with sufficient evidence to express an opinion or provide any assurance.
Iberia Parish Clerk of Court has omitted management's discussion and analysis that accounting principles generally accepted in the United States of America require to be presented to supplement the basic financial statements. Such missing information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. My opinion on the basic financial statements is not affected by this missing information.
My audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Iberia Parish Clerk of Court's basic financial statements. The other supplementary information on pages 45 and 46 is presented for purposes of additional analysis and is not a required part of the basic financial statements.
The Honorable Michael Thibodeaux December 22, 2015 Page 3
The other supplementary information has not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, I express no opinion or provide any assurance on it.
Other Reporting Requirements Required by Government Auditing Standards
In accordance with Government Auditing Standards, I have issued my report dated December 22, 2015, on my consideration of the Iberia Parish Clerk of Court's internal control over financial reporting and on my tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of my 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 Court's internal control over financial reporting and compliance
New Iberia, Louisiana ^ ^ VA-December 22,2015 * '
BASIC FINANCIAL STATEMENTS
GOVERNMENT-WIDE FINANCIAL STATEMENTS (GWFS)
IBERIA PARISH CLERK OF COURT New Iberia, Louisiana
Statement of Net Position June 30, 2015
Current Assets: Cash and Interest-Bearing Deposits $ 1,457,787 Investments 98,972 Receivables, Net 53,234 Due from Other Funds 3,161 Accrued Interest 1.773
Total Current Assets 1.614,927
Noncurrent Assets: Capital Assets, Net 21.631
T otal Assets 1.636.558
Deferred Outflows of Resources 412.986
Current Liabilities: Accounts Payable 8,541 Accrued Compensated Absences Payable 38.355
Total Current Liabilities 46.896
Noncurrent Liabilities: Net OPEB Obligations 1,060,776 Net Pension Liability 1.920.084