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    VERMILION PARISH CLERK OF COURT

    Financial Report

    Year Ended June 30, 2006

    Under provisions of state law. this report is a publicdocument. A copy 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

  • TABLE OF CONTENTS

    Page

    Independent Auditors' Report 1 -2

    BASIC FINANCIAL STATEMENTS

    GOVERNMENT-WIDE FINANCIAL STATEMENTS (GWFS)Statement of net assets 5Statement of activities 6

    FUND FINANCIAL STATEMENTS (FFS)Balance sheet - governmental fund 8Reconciliation of the governmental fund balance sheet

    to the statement of net assets 9Statement of revenues, expenditures, and changes in fund balance -

    governmental fund 10Reconciliation of the statement of revenues, expenditures, and

    changes in fund balance of governmental fund to the statement of activities 11Statement of agency assets and liabilities - fiduciary funds 12

    Notes to basic financial statements 13-23

    REQUIRED SUPPLEMENTARY INFORMATIONBudgetary comparison schedule:

    General Fund 25

    OTHER SUPPLEMENTARY INFORMATION

    OTHER FINANCIAL INFORMATIONMajor Governmental Fund -

    General Fund - budgetary comparison schedule - revenues 28General Fund - budgetary comparison schedule - expenditures 29-31

    Fiduciary Funds -Combining statement of assets and liabilities 32Combining statement of changes in assets and liabilities 33

    COMPLIANCE AND INTERNAL CONTROLReport on Internal Control Over Financial Reporting and on

    Compliance and Other Matters Based on an Audit ofFinancial Statements Performed in Accordance withGovernment Auditing Standards 35-36

    Schedule of findings and questioned costs 37-38Summary schedule of prior year audit findings 39Management's corrective action plan 40

  • Darnali, Sikes,Gardes Frederick.(A Corporation of CettiBttf Public AeconUnU)

    INDEPENDENT AUDITORS' REPORT

    The Honorable Diane Meaux BroussardVermilion Parish Clerk of CourtAbbeville, Louisiana

    Eugene H. Damall, CPA, Retired 1990Paula D. Bihm, CPA, Deceased 2002

    E. Larry Sikes, CPA, CVA, CFPDanny P. Frederick, CPA

    Clayton E. Damall, CPA, CVAEugene H. Damall, III, CPA

    Stephanie M. Higginbotham, CPAJohn P. Annato, CPA

    J. Stephen Gardes, CPA, CVAJennifer S. Ziegler, CPA, CFP

    Chris A. Miller, CPA, CVAStephen R. Dischler, MBA, CPA

    Steven G. Moosa, CPAM. Rebecca Gardes, CPA

    Pamela Mayeaux Bonin, CPA, CVAJoan B. Moody, CPA

    Kathleen T. Damall, CPAErich G. Loewer, III, MTX, CPA

    Raegan D. Maggio, CPABarbara A. Clark, CPALauren V. Hebert, CPA

    Michelle M. Bel lard, CPAJeremy C. Meaux, CPA

    KevinS. Young, CPABarbara Ann Watts, CPA

    Adam J. Curry, CPAChad M. Bailey, CPA

    Carol C. Guillory, CPAChristy S. Dew, CPA

    Heather N. Clement, CPAVictoria M. LaPrairie, CPA

    Emily J. LeBoeuf, CPA

    We have audited the accompanying financial statements of the governmental activities and major fund ofthe Vermilion Parish Clerk of Court, a component unit of the Vermilion Parish Police Jury, as of and forthe year ended June 30, 2006 , which collectively comprise the Clerk of Court's basic financial statementsas listed in the table of contents. These financial statements are the responsibility of the Vermilion ParishClerk of Court's management. Our responsibility is to express an opinion on these financial statementsbased on our audit.

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

    In our opinion, the financial statements referred to above present fairly, in all material respects, therespective financial position of the governmental activities and major fund of the Vermilion Parish Clerkof Court as of June 30, 2006, and the respective changes in financial position for the year then ended inconformity with accounting principles generally accepted in the United States of America.

    In accordance with Government Auditing Standards, we have also issued a report dated November 30,2006, on our consideration of the Vermilion Parish Clerk of Court's internal control over financialreporting and our tests of its compliance with certain provisions of laws, regulations, contracts, andgrants. That report is an integral part of an audit performed in accordance with Government AuditingStandards and should be read in conjunction with this report in considering the results of our audit.

    The budgetary comparison information on page 25 is not a required part of the basic financial statementsbut is supplementary information required by accounting principles generally accepted in the UnitedStates of America. We have applied certain limited procedures, which consisted principally of inquiriesof management regarding the methods of measurement and presentation of the required supplementaryinformation. However, we did not audit the information and express no opinion on it.

    125 Rue BeauregardLafayette, LA 70508Phone: 337.232.3312Fax: 337,237.3614

    1231 E. Laurel AvenueEunice, LA 70535

    Phone: 337.457.4164Fax: 337.457.5060

    1201 Brashear AvenueSuite 301

    Morgan City, LA 70380Phone: 985.384.6264Fax: 985.384.8140

    203 S. Jefferson StreetAbbeville, LA 70510Phone: 337.893.5470

    Fax: 337.893.5470

    Member of:American Institute of

    Certified Public Accountants

    Society of LouisianaCertified Public Accountants

  • Our audit was conducted for the purpose of forming opinions on the financial statements that collectivelycomprise the Vermilion Parish Clerk of Court's basic financial statements. The other supplementaryinformation section is presented for purposes of additional analysis and is not a required part of the basicfinancial statements. Such information has been subjected to the auditing procedures applied in the auditof the basic financial statements and, in our opinion, is fairly presented in all material respects in relationto the basic financial statements taken as a whole.

    The Vermilion Parish Clerk of Court has not presented management's discussion and analysis that theGovernmental Accounting Standards Board has determined is necessary to supplement, although notrequired to be part of, the basic financial statements.

    &

    A Corporation of Certified Public Accountants

    Abbeville, LouisianaNovember 30, 2006

  • BASIC FINANCIAL STATEMENTS

  • GOVERNMENT-WIDE FINANCIAL STATEMENTS (GWFS)

  • VERMILION PARISH CLERK OF COURTAbbeville, Louisiana

    Statement of Net AssetsJune 30, 2006

    GovernmentalActivities

    ASSETS

    Cash and cash equivalents $ 444,619Receivables 111,649Prepaid expenditures 42,255Capital assets, net of depreciation 84,078

    Total assets 682.601

    LIABILITIES

    Accounts payable 57,783Long term liabilities

    Capital lease payable -Due within one year 2,124Due in more than one year 3,441

    Total liabilities 63.348

    NET ASSETS

    Invested in capital assets, net of related debt 78,513Unrestricted 540.740

    Total net assets $ 619.253

    The accompanying notes are an integral part of the basic financial statements.

    5

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  • FUND FINANCIAL STATEMENTS (FFS)

  • VERMILION PARISH CLERK OF COURTAbbeville, Louisiana

    Balance Sheet - Governmental FundJune 30, 2006

    Cash and cash equivalentsReceivablesPrepaid expenditures

    Total assets

    ASSETS

    LIABILITIES AND FUND BALANCE

    Liabilities:Accounts payable

    Total liabilities

    Fund balance:Reserved for prepaid expendituresUnreserved:

    UndesignatedTotal fund balance

    Total liabilities and fund balance

    GeneralFund

    $444,619111,64942.255

    $598.523

    $ 57,78357.783

    42,255

    498.485540.740

    $598.523

    The accompanying notes are an integral part of the basic financial statements.

    8

  • VERMILION PARISH CLERK OF COURTAbbeville, Louisiana

    Reconciliation of the Governmental Fund Balance SheetTo the Statement of Net Assets

    June 30, 2006

    Total fund balance for the governmental fund at June 30, 2006 $540,740

    Cost of capital assets at June 30, 2006 $690,721Less: accumulated depreciation (606.643) 84,078

    Capital lease payable:Due within one year (2,124)Due in more than one year (3,441) (5,565)

    Total net assets of governmental activities at June 30, 2006 $619.253

    The accompanying notes are an integral part of the basic financial statements.

    9

  • VERMILION PARISH CLERK OF COURTAbbeville, Louisiana

    Statement of Revenues, Expenditures, and Changes in Fund BalanceGovernmental Fund

    Year Ended June 30, 2006

    GeneralFund

    Revenues:Licenses and permits $ 17,

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