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NATCHITOCHES PARISH COMMUNICATIONS DISTRICTNATCHITOCHES, LOUISIANA

FINANCIAL STATEMENTSFOR THE YEAR ENDED

DECEMBER 31,2006

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

Release Date

NATCHITOCHES PARISH COMMUNICATIONS DISTRICTNATCHITOCHES. LOUISIANA

TABLE OF CONTENTSDECEMBER 31.2006

Exhibit Schedule Page

Affidavit - - 1

Accountants* Report 2

Management's Discussion and Analysis 3

Statement of Net Assets A - 8

Statement of Activities B - 9

Balance Sheet - Governmental Funds C - 10

Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets D - 11

Statement of Revenues, Expenditures, and Changes in Fund Balances- Governmental Funds E - 12

Reconciliation of the Statement of Revenues, Expenditures, and Changes in FundBalances of Governmental Funds to the Statement of Activities F - 13

Notes to the Financial Statements - - 14

Required Supplementary Information - - 19

Statement of Revenues, Expenditures, and Changes in Fund Balances of GovernmentalFunds - Budget (GAAP Basis) and Actual - 1 20

Summary Schedule of Prior Findings - 2 21

Corrective Action Plan for Current Year Findings - 3 22

Louisiana Attestation Questionnaire - - 23

Independent Accountants' Report on Applying Agree-Upon Procedures - 25

NATCH1TOCHES PARISH COMMUNICATIONS DISTRICTNATCHITOCHES. LOUISIANA

FINANCIAL STATEMENTSFOR THE YEAR ENDHD DECEMBER 31. 2006

Legislative AuditorP. O. Box 94397Baton Rouge. LA 70804-9397

AFFIDAVIT

Personally came and appeared before the undersigned authority, Victor Jones, Chairman of the Natchitoches ParishCommunications District, who duly sworn, deposes and says, that the financial statements herewith given presents fairlythe financial position of Natchitoches Parish Communications District at December 31,2006 and the results of operationsfor the year then ended in accordance with generally accepted accounting principles as prescribed by the GovernmentalAccounting Standards Board.

Sworn to and subscribed before me, this 5"' day of June 2007.

HINES, JACKSON & MINES, L.L.C.CERTIFIED PUBLIC ACCOUNTANTS

FRANK S. MINES, CPA P.O. BOX 2188 -133 EAST FIFTH STREET A. NEILL JACKSON. JR., CPALEWIS C. HINES, CPA NATCHITOCHES, LA 71457 1926-1999E. MERLIN SQUYRES, CPAJAY H. SHEFFIELD, CPA Telephone (318) 352-6458

FAX (318) 352-0404office® hjhcpa. biz

Natchitoches Parish Communications DistrictP.O. Box 1411Natchitoches, Louisiana 71458

We have reviewed the accompanying financial Statements of the Natchitoches Parish Communications District,Natchitoches, Louisiana, a component unit of the Natchitoches Parish Police Jury, as of and for the year ended December31, 2006, as listed in the table of contents, in accordance with Statements on Standards for Accounting and ReviewServices issued by the American Institute of Certified Public Accountants. All information included in these financialstatements is the representation of the management of the Natchitoches Parish Communications District.

A review consists principally of inquiries of the Natchitoches Parish Communications District personnel and analyticalprocedures applied to financial data. It is substantially less in scope than an audit in accordance with auditing standardsgenerally accepted in the United States of America, the objective of which is the expression of an opinion regarding thefinancial statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should be made to the accompanying financialstatements in order for them to be in conformity with accounting principles generally accepted in the United States ofAmerica.

The Management's Discussion and Analysis and budgetary comparison information on pages 3 through 7 and 20,respectively, are not a required part of the basic financial statements but are supplementary information required by theGovernmental Accounting Standards Board. Such information has not been subjected to the inquiry and analyticalprocedures applied in the review of the basic financial statements, but was compiled from information that is therepresentation of management, without audit or review. Accordingly, we do not express an opinion or any other formof assurance on the supplementary information.

The financial information for the year ended December 31,2005, which is included for comparative purposes was takenfrom the review financial report for that year in which we were not aware of any material modifications dated May 18,2006, on the basic financial statements of the Natchitoches Parish Communications District.

Nines, Jackson & HinesNatchitoches, LouisianaJune 5, 2007

-MEMBERS-American Institute of Certified Public Accountants Society of Louisiana Certified Public Accountants

NATCHITOCHES PARISH COMMUNICATIONS DISTRICTNATCH1TOCHES. LOUISIANA

MANAGEMENT'S DISCUSSION AND ANALYSISDECEMBER 31.2006

The Management's Discussion and Analysis of the Natchitoches Parish Communications District's financial performancepresents a narrative overview and analysis of Natchitoches Parish Communications District's financial activities for theyear ended December 31,2006. This document focuses on the current year's activities, resulting changes, and currentlyknown facts. Please read this document in conjunction with the additional information contained in the NatchitochesParish Communications District's financial statements, which begin on page 8.

FINANCIAL HIGHLIGHTS

1) The Natchitoches Parish Communications District had cash and investments of $ 1,015,788 at December 31,2006 which represents an increase of $155,668 from prior year end.

2) The Natchitoches Parish Communications District had accounts receivable of $46,820 at December 31,2006which represents a decrease of $8,628 from prior year end.

3) The Natchitoches Parish Communications District had accounts payable and accruals of $3,864 at December31, 2006 which represents an increase of $ 1,518 from prior year end.

4) The Natchitoches Parish Communications District had total revenues and transfers of $367,334 for the yearended December 31, 2006 which represents an increase of $36,449 from prior year.

5) The Natchitoches Parish Communications District had total expenses of $218,938 for the year ended December31,2006 which represents a decrease of $13,631 from prior year.

6) The Natchitoches Parish Communications District had personal services expenses of $1,561 for the year endedDecember 31, 2006 which represents a decrease of $2,741 from prior year.

7) The Natchitoches Parish Communications District had operating services expenses of $192,846 for the yearended December 31, 2006 which represents a decrease of $5,885 from prior year.

8) The Natchitoches Parish Communications District had supplies expenses of $5,320 for the year endedDecember 31, 2006 which represents a decrease of $1,611 from prior year.

9) The Natchitoches Parish Communications District had capital asset purchases of $18,842 for the year endedDecember 31, 2006 which represents an increase of $ 18,842 from prior year.

OVERVIEW OF THE FINANCIAL STATEMENTS

The following graphic illustrates the minimum requirements for the Natchitoches Parish Communications District asestablished by Governmental Accounting Standards Board Statement 34, Basic Financial Statements-and Management'sDiscussion and Analvsis-for State and Local Governments.


MANAGEMENT'S DISCUSSION AND ANALYSIS (CONTINUED)DECEMBER 31.2006

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Management Discussion and Analysis

Basic Financial Statements

Required Supplementary Information(Other than MD&A)

These financial statements consist of three sections - Management's Discussion and Analysis (this section), the basicfinancial statements (including the notes to the financial statements), and required supplementary information.

Basic Financial Statements

This annual report consist of a series of financial statements. The Statement of Net Assets and the Statement ofActivities (on pages 8 and 9) provide information about the activities of the Natchitoches Parish Communications Districtas a whole and present a longer-term view of the District's finances. These statements include all assets and liabilitiesusing the accrual basis of accounting, which is similar to the accounting used by most private-sector companies. All ofthe current year's revenues and expenses are taken into account regardless of when cash is received or paid.

The Statement of Net Assets and the Statement of Activities report the District's net assets and changes in them. Youcan think of the District's net assets, the difference between assets and liabilities, as one way to measure the District'sfinancial health, or financial position. Over time, increases or decreases in the District's net assets are one indicator ofwhether its financial health is improving or deteriorating.

Fund financial statements start on page 10. All of the District's basic services are reported in governmental funds, whichfocus on how money flows into and out of those funds and the balances left at year end that are available for spending.These funds are reported using an accounting method called modified accrual accounting, which measures cash and allother financial assets that can readily be converted to cash. The governmental fund statements provide a detailed shortterm view of the District's general government operations and the basic services it provides. Governmental fundinformation helps you determine whether there are more or fewer financial resources that can be spent in the near futureto finance the District's activities as well as what remains for future spending.

NATCHITQCHES PARISH COMMUNICATIONS DISTRICTNATCHITQCHES. LOUISIANA

MANAGEMENT'S DISCUSSION AND ANALYSIS (CONTINUED')DECEMBER 31,2006

FINANCIAL ANALYSIS OF THE ENTITY

Statement of Net AssetsAs of Year End

2006 2005Current and other assets $ 1,063,542 $ 917,699Capital assets, net 101.803 97.732

Total Assets $ 1.165.345 $ 1.015.431

Accounts payable and accruals $ 3,864 $ 2,346Compensated absences payable 0 0

Total Liabilities 3,864 2,346

Net assetsInvestment in capital assets, net of related debt 101,803 97,732Unrestricted 1.059.678 915.353

Total Net Assets 1.161.481 1.013.085

Total Liabilities and Net Assets $ 1.165.345 $ 1,015.431

Net assets of the Natchitoches Parish Communications District's increased by $148,396 or 14.65% from the previousfiscal year. The increase is the result of general revenues and transfers exceeding expenses during the fiscal year ended2006 (See table below).

Statement of ActivitiesFor the Year Ended

2006 2005General government

Expenses $ (218,938) $ (232,569)Program revenuesOperating grants and contributions 0 0

Subtotal (218,938) (232,569)

General revenues and transfers 367.334 330.885

Change in net assets $ 148.396 £ 98.316

The Natchitoches Parish Communications District's total revenues and transfers increased by $36,449 or 11.02% fromthe previous year. The total cost of all programs and services decreased by $13,631 or 5.86% from the previous year.



CAPITAL ASSET AND DEBT ADMINISTRATION

Capital Assets

At the end of 2006, the Natchitoches Parish Communications District had $101,803, net of depreciation, invested in abroad range of capital assets (See table below). This amount represents a net increase (including additions anddeductions) of $4,071 or 4.17% from the previous year.

Capital Assets at Year End(Net of Depreciation)

2006 2005

Buildings and building improvements $ 62,098 $ 64,686Equipment, furniture and fixtures 39,705 33,046

Total $ 101.803 $ 97.732

This year's major additions included:

Equipment, furniture, and fixtures $ 18,842

This years's major retirements included:

None.

Debt

The Natchitoches Parish Communications District had $0 in compensated absences payable outstanding at year endcompared to $0 at the previous year end, no change, as shown in the table below.

Outstanding Debt at Year End

2006 2005

Compensated absences payable $ 0 3L

Totals $ Q J_

New debt during the year included:

None.

NATCHITQCHES PARISH COMMUNICATIONS DISTRICTNATCHITOCHES, LOUISIANA


VARIATIONS BETWEEN ORIGINAL AND FINAL BUDGETS

Actual revenues were $87,703 more than budgeted amounts due to taxes-communications being more than expected.

Actual expenditures were $58,991 less than budgeted amounts due to personal and operating services being less thanexpected.

ECONOMIC FACTORS AND NEXT YEAR'S BUDGET

The Natchitoches Parish Communications District's management considered the following factors and indicators whensetting next year's budget, rates, and fees. These factors and indicators include:

1) Taxes2) Interest income3) Miscellaneous revenues

The Natchitoches Parish Communications District does not expect any significant changes in next year's results ascompared to the current year.

CONTACTING THE NATCHITOCHES PARISH COMMUNICATIONS DISTRICT'S MANAGEMENT

This financial report is designed to provide our citizens, taxpayers, customers, investors and creditors with a generaloverview of the Natchitoches Parish Communications District's finances and to show the Natchitoches ParishCommunications District's accountability for the money it receives. If you have questions about this report or needadditional financial information, contact Victor Jones, Chairman, P. O. Box 1411, Natchitoches, Louisiana 71458.

NATCHITQCHES PARISH COMMUNICATIONS DISTRICTNATCH1TOCHES. LOUISIANASTATEMENT OF NET ASSETSDECEMBER 31. 2006 AND 2005

EXHIBIT A

2006 2005ASSETS

Current AssetsCashInvestmentsAccounts receivablePrepaid expenses

Total Current Assets

Noncurrent AssetsCapital assets, net

Total Assets

LIABILITIES AND NET ASSETSLIABILITIESCurrent LiabilitiesAccounts payable and accruals

Total Current Liabilities

Noncurrent LiabilitiesCompensated absences payable

Total Liabilities

NET ASSETSInvestment in capital assets, net of related debtUnrestricted

Total Net Assets

Total Liabilities and Net Assets

$ 560,924 $454,864

46,820934

1,063,542

101,803

$ 1.165.345 $

$ 3.864 $3,864

0

3,864

101,8031.059.678

1.161.481

$ 1.165.345 $

419,653440,467

55,4482,131

917,699

97,732

1.015.431

2.3462,346

0

2,346

97,732915.353

1.013.085

1.015.431

See accompanying notes and accountants' report.

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NATCHITOCHES PARISH COMMUNICATIONS DISTRICTNATCHITQCHES. LOUISIANA

BALANCE SHEETGOVERNMENTAL FUNDS

DECEMBER 31, 2006 AND 2005

EXHIBIT C

ASSETSCashInvestmentsAccounts receivablePrepaid expenses

Total Assets

2006

1.063.542 $_

2005

560,924 $ 419,653454,864 440,467

46,820 55,448934 2.131

917.699

LIABILITIES AND FUND BALANCESLIABILITIESAccounts payable and accruals

Total Liabilities

FUND BALANCESUnreserved

Total Fund Balances

Total Liabilities and Fund Balances

3.864 $3,864

1.059.678

1.059.678

1.063.542 $_

2.3462,346

915353

915.353

917.699

See accompanying notes and accountants' report. 10

EXHIBIT DNATCHITOCHES PARISH COMMUNICATIONS DISTRICT

NATCHITOCHES. LOUISIANARECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET

TO THE STATEMENT OF NET ASSETSDECEMBER 31.2006

Total Fund Balances for Governmental Funds (Exhibit C) $ 1,059,678

Total Net Assets reported for governmental activities in the statement of net assetsis different because:

Capital assets used in governmental activities are not financial resources andtherefore are not reported in the funds. Those assets consist of:

Buildings and building improvements, net of $41,408 inAccumulated depreciation $ 62,098

Furniture, fixtures and equipment, net of $283,964 inaccumulated depreciation $ 39.705

Total Capital Assets 101,803

Long-term liabilities, including compensated absences payable, are not dueand payable in the current period and therefore are not reported in the fundliabilities. 0

Total Net Assets of Governmental Activities (Exhibit A) $ 1.161.481


EXHIBIT ENATCH1TOCHES PARISH COMMUNICATIONS DISTRICT

NATCHITOCHES. LOUISIANASTATEMENT OF REVENUES, EXPENDITURES. AND CHANGES IN FUND BALANCES

GOVERNMENTAL FUNDSFOR THE YEARS ENDED DECEMBER 31. 2006 AND 2005

2006 2005REVENUESTaxesCommunications $ 366,105 $ 335,295

Interest income 18,598 11.369Total Revenues 384,703 346,664

EXPENDITURESGeneral government

Personal services 1,561 4,302Travel 0 0Operating services 192,846 198,731Supplies 5,320 6,931Professional services 4,440 4,925

Capital outlay 18.842 0Total Expenditures 223,009 214.889

Excess/(Deficiency) Of Revenues Over Expenditures 161,694 131,775

Other Financing Sources/(Uses)Transfers (to police jury) (17,369) (15,779)

Total Other Financing Sources/(Uses) (17.369) (15.779)

Net Change in Fund Balances 144,325 115,996

Fund Balance, Beginning of year 915.353 799.357

Fund Balance, End of year $ 1.059.678 $ 915.353


EXHIBIT FNATCHITOCHES PARISH COMMUNICATIONS DISTRICT

NATCHITOCHES. LOUISIANARECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES. AND CHANGES IN

FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIESFOR THE YEAR ENDED DECEMBER 31. 2006

Net Change in Fund Balances-Total Governmental Funds (Exhibit E) $ 144,325

The change in Net Assets reported for governmental activities in the statement of activities isdifferent because:

Governmental funds report capital outlays as expenditures. However, in the statement ofactivities the cost of those assets is allocated over their estimated useful lives and reportedas depreciation expense. This is the amount by which capital outlay ($18,842) exceedsdepreciation ($14,771) in the current period. 4,071

Some expense reported in the statement of activities, such as compensated absences, do notrequire the use of current financial resources and therefore are not reported as expendituresin governmental funds. 0

Change in Net Assets of Governmental Activities (Exhibit B) $ 148.396



NOTES TO THE FINANCIAL STATEMENTSDECEMBER 31.2006

The Natchitoches Parish Communications District was created on July 20,1988, by Ordinance #112 of the NatchitochesParish Police Jury. The District is charged with forming and operating an emergency response system for NatchitochesParish to be operated as a "911" system. Numerous other authorities and governmental entities within the Parish ofNatchitoches (many of which include "Natchitoches" in their name) have been excluded from these statements becausecontrol or financial responsibility by the Natchitoches Parish Communications District is remote.

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A. Basis of Accounting

In April of 1984, the Financial Accounting Foundation established the Governmental Accounting Standards Board(GASB) to promulgate generally accepted accounting principles and reporting standards with respect to activities andtransactions of state and local governmental entities. The GASB has issued a Codification of Governmental Accountingand Financial Reporting Standards (GASB Codification). This Codification and subsequent GASB pronouncements arerecognized as generally accepted accounting principles for state and local governments. The accompanying financialstatements have been prepared in accordance with such principles.

The accompanying financial statements of the Natchitoches Parish Communications District present information onlyas to the transactions of the programs of the Natchitoches Parish Communications District as authorized by Louisianastatutes and administrative regulations.

Basis of accounting refers to when revenues and expenses are recognized and reported in the financial statements. Basisof accounting relates to the timing of the measurements made, regardless of the measurement focus applied.

The accounts of the Natchitoches Parish Communications District are maintained in accordance with applicable statutoryprovisions:

Revenue RecognitionRevenues are recognized using the full accrual basis of accounting; therefore, revenues are recognized in theaccounting period in which they are earned and become measurable.

Expense RecognitionExpenses are recognized on the accrual basis; therefore, expenses, including salaries, are recognized in theperiod incurred, if measurable.

B. Budgetary Accounting

Formal budgetary accounting is employed as a management control. The Natchitoches Parish Communications Districtprepares and adopts a budget prior to July 1 of each year for its general fund in accordance with Louisiana RevisedStatutes. The operating budget is prepared based on prior year's revenues and expenditures and the estimated increasetherein for the current year, using the full accrual basis of accounting. The District amends its budget when projectedrevenues are expected to be less than budgeted revenues by five percent or more and/or projected expenditures areexpected to be more than budgeted amounts by five percent or more. All budget appropriations lapse at year end.

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)DECEMBER 31.2006

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

C. Cash and Cash Equivalents

For the purpose of the Statement of Cash Flows and consistent with GASB Statement 9, the Natchitoches ParishCommunications District defines cash and cash equivalents as follows:

Cash - includes not only currency on hand but also demand deposits with banks or other financial institutions and otherkinds of accounts that have the general characteristics of demand deposits in that the customer may deposit additionalfunds at any time and also effectively may withdraw funds at any time without prior notice or penalty.

Cash equivalents - includes all short term, highly liquid investments that are readily convertible to known amounts ofcash and are so near their maturity that they present insignificant risk of changes in value because of interest rates.Generally, only investments which, at the day of purchase, have a maturity date no longer than three months qualifyunder this definition.

D. Receivables

All receivables are reported at their gross value and, where applicable, are reduced by the estimated portion that isexpected to be uncollectible.

E. Bad Debts

Uncollectible accounts receivable are recognized as bad debts through the establishment of an allowance account at thetime information becomes available which would indicate the uncollectibility of the particular receivable. At December31, 2006, $0 were considered to be uncollectible.

F. Capital Assets

Capital assets are carried at historical costs. Depreciation of all exhaustible capital assets used by the NatchitochesParish Communications District are charged as an expense against operations in the Statement of Activities. Capitalassets net of accumulated depreciation are reported on the Statement of Net Assets. Depreciation is computed using thestraight line method over the estimated useful life of the assets, generally 10 to 40 years for buildings and buildingimprovements and 5 to 10 years for moveable property. Expenditures for maintenance, repairs and minor renewals arecharged to earnings as incurred. Major expenditures for renewals and betterments are capitalized.

G. Compensated Absences

The Natchitoches Parish Communications District does not have full time employees; therefore, no liability forcompensated absences has been recorded in the accompanying financial statements.

H. Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires managementto make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingentassets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses duringthe reporting period. Actual results could differ from those estimates.

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NOTE 2 DEPOSITS WITH FINANCIAL INSTITUTIONS AND INVESTMENTS

A. Deposits with Financial Institutions

For reporting purposes, deposits with financial institutions including savings, demand deposits, time deposits, andcertificates of deposit. Under state law the Natchitoches Parish Communications District may deposit funds within afiscal agent bank selected and designated by the Interim Emergency Board. Further the Fund may invest in timecertificates of deposit of state banks organized under the laws of Louisiana, national banks having their principal officein the state of Louisiana, in savings accounts or shares of savings and loan associations and savings banks and in shareaccounts and share certificate accounts of federally or state chartered credit unions.

Deposits in bank accounts are stated at cost, which approximates market. Under state law, these deposits must besecured by federal deposit insurance or the pledge of securities owned by the fiscal agent bank. The market value of thepledged securities plus the federal deposit insurance must at all times equal the amount on deposit with the fiscal agentbank. These pledged securities are held in the name of the pledging fiscal agent bank in a holding or custodial bank thatis mutually acceptable to both parties. The deposits at December 31, 2006 were secured as follows:

CertificatesCash of Deposit Total

Deposits in bank accounts per balance sheet $ 560.924 $ 454.864 $ 1.015.788

CertificatesCash of Deposit Total

Bank Balances (Category 3 Only, If Any)a. Uninsured and uncollateralized $ 0 $ 0 $ 0b. Uninsured and uncollateralized with securities held by

t h e pledging institution 0 0 0c. Uninsured and uncollateralized with securities held by

the pledging institution's trust department or agentbut not in the entity's name

Total Category 3 Bank Balances $ 0 $

Total Bank Balances (All Categories Including Category3 Reported Above) $ 571.545 $ 454.864

The following is a breakdown by banking institution and amount of the balances shown above:

Banking Institution AmountBank of Montgomery $ 175,297Exchange Bank 783,225La Capital Federal Credit Union 67,887

Total $ 1.026.409

B. Investments

At December 31, 2006, the Natchitoches Parish Communications District had investments of $0.

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED1DECEMBER 31. 2006

NOTE 3 ACCOUNTS RECEIVABLE

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

Class of ReceivableTaxes

Communications $ 46,820Other 0

Total $ 46.820

NOTE 4 CAPITAL ASSETS

A summary of the Natchitoches Parish Communications District's capital assets at December 31, 2006 follows:

Balance BalanceDecember 31, December 31,

2005 Additions Retirements 2006Buildings and Building Improvements $ 103,506 S 0 $ 0 $ 103,506Less accumulated depreciation (38,820) (2,588) 0 (41,408)

Total Buildings and Building Improvements 64,686 (2,588) 0 62,098

Equipment, Furniture and Fixtures 304,827 18,842 0 323,669Less accumulated depreciation (271.781) (12,183) 0 (283.964)

Total Equipment, Furniture and Fixtures 33,046 6,659 0 39.705Total Capital Assets, net $ 97,732 $ 4.071 S 0 $ 101.803

NOTE 5 ACCOUNTS PAYABLE AND ACCRUALS

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

Class of PayableVendor $ 3,864Payroll taxes 0

Total $ 3.864

NOTE 6 RETIREMENT SYSTEM

All employees of the Natchitoches Parish Communication District are covered by the Social Security System.Employees contribute 6.2% of their total salary to the System, while the District contributes a like amount. For the yearended December 31, 2006, total contributions to the System were $174 of which the District contributed $87 andemployees contributed $87. Total payroll for the year ended December 31,2006 was $ 1,408 and total payroll coveredby the System was $ 1,408. Any future deficits in this System will be financed by the United States Government. TheDistrict has no further liability to the System for the ended December 31,2006.

NOTE 7 LEASES

The Natchitoches Parish Communications District was not obligated under any noncancellable capital or operating leasecommitments at December 31,2006.

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NOTE 8 LITIGATION

There was no outstanding litigation against the Natchitoches Parish Communications District at December 31, 2006.

NOTE 9 COMPENSATION PAID TO BOARD MEMBERS

The members of the Board of Commissioners of the Natchitoches Parish Communications District receive nocompensation for their services. As of December 31, 2006, the members of the Board were as follows:

Larry Atteridge Alice BarriosDennie C. Boyt Charles CloudLaQuita Harris Melvin HolmesVictor Jones Jack McCainChris Paige

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REQUIRED SUPPLEMENTARY INFORMATION

19

NATCHITOCHES PARISH COMMUNICATIONS DISTRICTNATCHITOCHES

STATEMENT OF REVENUES, EXPENDITURES. LOUISIANA

SCHEDULE 1

. AND CHANGES IN FUND BALANCES OFGOVERNMENTAL FUNDS - BUDGET (GAAP BASIS) AND ACTUAL

FOR THE YEAR ENDED DECEMBER 3 1 . 2006

REVENUESTaxesCommunications $

Interest incomeTotal Revenues

EXPENDITURESGeneral government

Personal servicesTravelOperating servicesSuppliesProfessional services

Capital outlayTotal Expenditures

Excess/(Deficiency) Of Revenues Over Expenditures

Other Financing Sources/fUses)Transfers (to police jury)

Total Other Financing Sources/(Uses)

Net Change in Fund Balances

Fund Balance, Beginning of year

Fund Balance, End of year J_

Original/FinalBudget

287,000 $10,000

297,000

16,5002,500

236,8001,2007,000

18.000282,000

15,000

n 5.000)05,000)

0

915,353

915.353 $

Actual

366,10518.598

384,703

1,5610

192,8465,3204,440

18.842223,009

161,694

(17,369)(17.369)

144,325

915.353

1,059.678 !

VarianceFav./(Unfav.)

$ 79,1058,598

87,703

14,9392,500

43,954(4,120)2,560(842)

58,991

146,694

(2.369)(2.369)

144,325

0

S 144.325

Supplementary information. Presented as additional analytical data. 20

SCHEDULE 2NATCHITOCHES PARISH COMMUNICATIONS DISTRICT

NATCHITOCHES. LOUISIANASUMMARY SCHEDULE OF PRIOR FINDINGSFOR THE YEAR ENDED DECEMBER 31. 2006

Ref. No.

Fiscal YearFindingInitially

Occurred

CorrectiveAction Taken

(Yes, No,Description of Finding Partially)

Planned CorrectiveAction/Partial

CorrectiveAction Taken

2005-01 2005 We noted no evidence in the minutes that Yes This finding has been resolved,the budget was properly approved.

21

SCHEDULE 3NATCHITOCHES PARISH COMMUNICATIONS DISTRICT

NATCHITOCHES. LOUISIANACORRECTIVE ACTION PLAN FOR CURRENT YEAR FINDINGS

FOR THE YEAR ENDED DECEMBER 31. 2006

Name(s) of AnticipatedRef. No. Description of Finding Corrective Action Planned Contact Person(s) Completion Date

Nothing came to our attention that would require disclosure under Government Auditing Standards.

22

NATCHITOCHES PARISH COMMUNICATION DISTRICTP.O. BOX 1411

NATCHITOCHES, LOUISIANA 71458PHONE: (318) 357-8300

June 5,2007

Mines, Jackson & HinesP.O. Box 2188Natchitoches, Louisiana 71457

In connection with your review of our financial statements as of December 31, 2006, and for the year then ended, andas required by Louisiana Revised Statute 24:513 and the Louisiana Governmental Audit Guide, we make the followingrepresentations to you. We accept full responsibility for our compliance with the following laws and regulations andthe internal controls over compliance with such laws and regulations. We have evaluated our compliance with thefollowing laws and regulations prior to making these representations.

These representations are based on the information available to us as of June 5, 2007.

Public Bid Law

It is true that we have complied with the public bid law, LSA-RS Title 38:2212, and, where applicable, the regulationsof the Division of Administration, State Purchasing Office.

Yes [X] No [ ]

Code of Ethics for Public Officials and Public Employees

It is true that no employees or officials have accepted anything of value, whether in the form of a service, loan, orpromise, from anyone that would constitute a violation of LSA-RS 42:1101-1124.

Yes [X] No [ ]

It is true that no member of the immediate family of any member of the governing authority, or the chief executive ofthe governmental entity, has been employed by the governmental entity after April 1,1980, under circumstances thatwould constitute a violation of LSA-RS 42:1119.

Yes [X] No [ ]

Budgeting

We have complied with the state budgeting requirements of the Local Government Budget Act (LSA-RS 39:1301-14)or the budget requirements of LSA-RS 39:34.

Yes [X] No [ ]

Accounting and Reporting

All non-exempt governmental records are available as a public record and have been retained for at least three years,as required by LSA-RS 44:1, 44:7, 44:31, and 44:36.

Yes [X] No [ ]

We have filed our annual financial statements in accordance with LSA-RS 24:514,33:463, and/or 39:92, as applicable.Yes [X] No [ ]

23

Hines, Jackson & MinesPage 2

We have had our financial statements audited, reviewed or compiled in accordance with LSA-RS 24:513.Yes [XJ No | |

Meetings

We have complied with the provisions of the Open meetings Law, provided in RS 42:1 through 42:12.Yes[X| No I 1

Debt

II is true we have not incurred any indebtedness, other than credit for 90 days or less to make purchases in the ordinarycourse of administration, nor have we entered into any lease-purchase agreements, without the approval of the State BondCommission, as provided by Article VII, Section 8 of the 1974 Louisiana Constitution, Article VI, Section 33 of the 1974Louisiana Constitution, and LSA-RS 39:1410.60-1410.65.

Yes|X] N o l l

Advances and Bonuses

H is true we have not advanced wages or salaries to employees or paid bonuses in violation of Article VII, Section 14of the 1974 Louisiana Constitution, LSA-RS 14:138, and AG opinion 79:729.

Yes [X] No | ]

We have disclosed to you all known noncompliance of the foregoing laws and regulations, as well as any contradictionsto the foregoing representations. We have made available to you documentation relating to the foregoing laws andregulations.

We have provided you with any communications from regulatory agencies or other sources concerning any possiblenoncompliance with the foregoing laws and regulations, including any communications received between the end of theperiod under examination and the issuance of this report. We acknowledge our responsibility to disclose to you anyknown noncompliance which may occur subsequent to the issuance of your report.

u^ Chairman ft b &£~ O Q Date

24

HINES, JACKSON & HINES, L.L.C.CERTIFIED PUBLIC ACCOUNTANTS

FRANK S. MINES, CPA P.O. BOX 2188 -133 EAST FIFTH STREET A. NEILL JACKSON, JR., CPALEWIS C. MINES, CPA NATCHITOCHES, LA 71457 1926-1999E. MERLIN SQUYRES, CPAJAY H. SHEFFIELD, CPA Telephone (318) 352-6458

FAX (318) [email protected]

Independent Accountants' Reporton Applying Agreed-Upon Procedures

Natchitoches Parish Communications DistrictP.O. Box 1411Natchitoches, Louisiana 71458

We have performed the procedures included in the Louisiana Government Audit Guide and enumerated below, whichwere agreed to by the management of the Natchitoches Parish Communications District and the Legislative Auditor,State of Louisiana, solely to assist the users in evaluating management's assertions about the Natchitoches ParishCommunication District's compliance with certain laws and regulations during the year ended December 31, 2006,included in the accompanying Louisiana Attestation Questionnaire. This agreed-upon procedures engagement wasperformed in accordance with standards established by the American Institute of Certified Public Accountants. Thesufficiency of these procedures is solely the responsibility of the specified users of the report. Consequently, we makeno representation regarding the sufficiency of the procedures described below either for the purpose for which this reporthas been requested or for any other purpose.

Public Bid Law

1. Select all expenditures made during the year for material and supplies exceeding $20,000, or public worksexceeding $100,000, and determine whether such purchases were made in accordance with LSA-RS 38:2211-2251 (the public bid law).

No expenditures were made during the year for materials and supplies exceeding $20,000. No expenditureswere made for public works exceeding $100,000.

Code of Ethics for Public Officials and Public Employees

2. Obtain from management a list of the immediate family members of each board member as defined by LSA-RS42:1101-1124 (the code of ethics), and a list of outside business interests of all board members and employees,as well as their immediate families.

Management provided us with the required list including the noted information.

3. Obtain from management a listing of all employees paid during the period under examination.

Management provided us with the required list.

4. Determine whether any of those employees included in the listing obtained from management in agreed-uponprocedure (3) were also included on the listing obtained from management in agreed-upon procedure (2) asimmediate family members.

None of the employees included on the list of employees provided by management [agreed-upon procedure (3)]appeared on the list provided by management in agreed-upon procedure (2).

-MEMBERS-American Institute of Certified Public Accountants Society of Louisiana Certified Public Accountants 25

Page #2

Budgeting

5. Obtain a copy of the legally adopted budget and all amendments.

Management provided us with a copy of the original budget and all amendments. There were no amendmentsto the budget during the year.

6. Trace the budget adoption and amendments to the minute book.

We traced the adoption of the original budget to the minutes.

7. Compare the revenues and expenditures of the final budget to actual revenues and expenditures to determineif actual revenues failed to meet budgeted revenues by 5 percent or more or if actual expenditures exceedbudgeted amounts by 5 percent or more.

We compared the revenues and expenditures of the budget to actual revenues and expenditures. Actualrevenues exceed budgeted revenues. Actual expenditures were less than budgeted expenditures.

Accounting and Reporting

8. Randomly select 6 disbursements made during the period under examination and:

a) trace payments to supporting documentation as to proper amount and payee;

We examined supporting documentation for each of the six selected disbursements and found thatpayment was for the proper amount and made to the correct payee.

b) determine if payments were properly coded to the correct fund and general ledger account; and

All six payments were properly coded to the correct fund and general ledger account.

c) determine whether payments received approval from proper authorities.

Inspection of documentation supporting each of the six selected disbursements indicated approval wasobtain from the proper authorities for payment.

Meetings

9. Examine evidence indicating that agendas for meetings recorded in the minute book were posted or advertisedas required by LSA-RS 42:1 through 42:12 (the open meeting law).

Notices with the date and location of upcoming meetings are required to be posted on the door of the District'soffice building. Although management has asserted that such documents were properly posted, we could findno evidence supporting such assertion other than an unmarked copy of the notices and agendas.

26

Page #3

Debt

10. Examine bank deposits for the period under examination and determine whether any such deposits appear tobe proceeds of bank loans, bonds, or like indebtedness.

We inspected copies of all bank deposit slips for the period under examination and noted no deposits whichappeared to be proceeds of bank loans, bonds, or like indebtedness.

Advances and Bonuses

11. Examine payroll records and minutes for the year to determine whether any payments have been made toemployees which may constitute bonuses, advances, or gifts.

A reading of the minutes of the District for the year under examination indicated no approval for the paymentsnoted. We also inspected payroll records for the year and noted no instances which would indicate paymentsto employees which would constitute bonuses, advances, or gifts.

We were not engaged to, and did not, perform an examination, the objective of which would be the expression of anopinion on management's assertions. Accordingly, we do not express such an opinion. Had we performed additionalprocedures, other matters might have come to our attention that would have been reported to you.

This report is intended solely for the use of management of the Natchitoches Parish Communications District and theLegislative Auditor, State of Louisiana, and should not be used by those who have not agreed to the procedures and takenresponsibility for the sufficiency of the procedures for their purposes. However, this report is a matter of public recordand its distribution is not limited.

Hines, Jackson & NinesNatchitoches, LouisianaJune 5, 2007

27

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