KENNETH D. FOLDEN & CO. - Louisiana D. Folden, CPA Kenneth D. Folden & Co. Certified Public Accountants

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  • Jackson Parish Communication District Jackson Parish, Louisiana

    Annual Financial Statements and Accountant's Compilation Report

    As of and For the Year Ended December 31, 2012

    KENNETH D. FOLDEN & CO. CERTIFIED PUBLIC ACCOUNTANTS

    302 EIGHTH STREET JONESBORO. LA 71251

    (318)259-7316 FAX (318) 259-7315

  • Jackson Parish Communication District Jackson Parish, Louisiana

    Annual Financial Statements As of and For the Year Ended December 31, 2012

    CONTENTS

    Statement Page

    Accountant's Compilation Report 2

    Component Unit Financial Statements:

    Combined Balance Sheet, All Fund Types and Account Groups A 3

    Governmental Fund - Statement of Revenues, Expenditures, and Changes in Fund B 4

    Balance - Budget vs. Actual

    Notes to the Financial Statements 5 - 9

    Independent Accountant's Report on Applying Agreed-Upon 10 - 12 Procedures Louisiana Attestation Questionnaire 13-14

  • Kenneth D. Folden, CPA

    Kenneth D. Folden & Co. Certified Public Accountants Ted W. Sanderlin, CPA

    Members Society of Louisiana

    Certified Public Accomitants email: kfolden@foldencpa. com

    302 Eightli Street Jonesboro, LA 71251

    (318)259-7316 FAX (318) 259-7315

    Members American Institute of

    Certified Public Accomitants email: tsanderlin@foldencpa .com

    ACCOUNTANT'S COMPILATION REPORT

    Mr. David Sanders, Chairman and Members ofthe Board of Commissioners

    Jackson Parish Communication District Jonesboro, LA

    We have compiled the combined balance sheet and statement of revenues, expenditures, and changes in fund balance-budget vs. actual of Jackson Parish Communication District as of and for the year ended December 31, 2012, which collectively comprise the District's basic financial statements as listed in the table of contents. We have not audited or reviewed the accompanying financial statements and, accordingly, do not express an opinion or provide any assurance about whether the financial statements are in accordance with accounting principles generally accepted in the United States of America.

    The management of Jackson Parish Communication District is responsible for the preparation and fair presentation ofthe financial statements in accordance with accounting principles generally accepted in the United States of America and for designing, implementing, and maintaining intemal control relevant to the preparation and fair presentation ofthe financial statements.

    Our responsibility is to conduct the compilation in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. The objective of a compilation is to assist the management of Jackson Parish Communication District in presenting financial information in the form of financial statements without undertaking to obtain or provide any assurance that there are no material modifications that should be made to the financial statements.

    The Jackson Parish Communication District did not adopt the provisions of Governmental Accounting Standards Board Statement No. 34 forthe year ended December 31, 2012. The effects of this departure from generally accepted accounting principles has not been detennined.

    AleM^i^^ Z/. (7-^-^&^ '^ 0^., 0 / r ^

    Jonesboro, Louisiana May 15, 2013

  • statement A

    Jackson Parish Communication District Jackson Parish, Louisiana

    Combined Balance Sheet - All Fund Types and Account Groups AsofDecember31,2012

    ASSETS:

    Current Assets

    Cash & Cash Equivalents Accounts Receivable

    Total Current Assets Non-Current Assets

    Capital Assets Total Assets

    Governmental Fund

    General Fund

    Account Group

    General Fixed Assets Total (Memorandum Only)

    468,915 16,796

    485,710

    172,132 485,710 S 172,132 $

    468,915 16,796

    485,710

    172,132 657.842

    LIABILITIES:

    Current Liabilities

    Accounts Payable Total Liabilities

    FUND BALANCE:

    Invested in Capital Assets Unassigned

    Total Fund Balance

    2,738 S 2,738

    482,973 172,132

    482,973 S 172,132 $

    2,738 2,738

    172,132 482,973 655,105

    See Accountant's Compilation Report 3

  • Jackson Parish Communication District Jackson Parish, Louisiana

    Statement of Revenues, Expenditures, and Changes in Fund Balance

    REVENUES:

    Telephone surcharges - landline

    Telephone surcharges - wireless

    Interest

    Miscellaneous income

    Total Revenues

    EXPENDITURES:

    Advertising

    Contract Services

    Dues & subscriptions

    Education supplies

    Equipment rental

    House signs expense

    Insurance & bonding

    Legal & accounting

    Mapping & phase one expenses

    Office suppHes

    Repair & maintenance

    Salaries & related payroll taxes

    Telephone

    Utilities

    Vehicle expense

    Miscellaneous expense

    Capital Outlay

    Total Expenditures

    Excess of Revenues (Expenditures)

    FUND BALANCE - December 31,

    FUND BALANCE - December 31,

    For the Year Ended December 31

    2011

    2012

    $

    $

    Budget (Original)

    55,000

    103,000

    4,500

    100

    162,600

    400

    35,000

    200

    -

    30,000

    32,000

    1,000

    3,250

    21,000

    3,000

    7,000

    17,844

    5,200

    700

    4,000

    1,000

    24,000

    185,594

    (22,994)

    455,647

    432,653

    2012

    Budget (Amended)

    S

    $

    See Accountant's Compilation Report 4

    51,000

    104,000

    4,100

    100

    159,200

    400

    30,000

    600

    800

    20,000

    6,400

    3,000

    3,425

    28,000

    3,000

    12,000

    17,844

    5,000

    500

    800

    1,000

    19,000

    151,769

    7,431

    455,647

    463,078

    statement B

    - Budget vs. Actual

    Actual

    $ 51,573

    110,122

    4,655

    141

    166,491

    240

    29,543

    365

    685

    21,118

    2,493

    2,761

    3,425

    27,343

    1,416

    7,573

    17,594

    4,907

    340

    820

    -

    18,539

    139,165

    27,326

    455,647

    $ 482,973

    Variance Favorable

    (Unfavorable)

    S 573

    6,122

    555

    41

    7,291

    160

    457

    235

    115

    (1,118)

    3,907

    239

    -

    657

    1,584

    4,427

    250

    93

    160

    (20)

    1,000

    461

    12,604

    19,895

    -

    $ 19,895

  • Jackson Parish Communication District Jackson Parish, Louisiana

    Notes to the Financial Statements As of and For the Year Ended December 31, 2012

    INTRODUCTION

    The Jackson Parish Communication District (District) was established in April 1990 by the Jackson Parish Police Jury, as provided by Louisiana Revised Statutes 33:9101 to 33:9106. The District was created forthe establishment and operation of a parishwide enhanced Emergency 911 System. The District is governed by a Board of Commissioners, which has seven appointed members. Commissioners are residents ofthe District and consist ofthe Jackson Parish Sheriff, Jackson Parish Hospital Administrator, Jonesboro Police Chief, Jonesboro Fire Chief, and three at-large appointments. All appointments serve terms of four years. The members ofthe Board of Commissioners do not receive compensation.

    On October 6, 1990, the voters of Jackson Parish passed a proposition for the collection of a telephone surcharge to provide funding for the operation ofthe District.

    1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

    A. BASIS OF PRESENTATION

    The accompanying general purpose financial statements ofthe District have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to govermnental units. The Govermnental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles.

    B. REPORTING ENTITY

    Governmental Accounting Standards Board Statement No. 14 established criteria for determining the governmental reporting entity and component units that should be included within the reporting entity. 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 ofthe 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.