Pointe Coupee Parish Police Jury
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POINTE COUPEE PARISH GOVERNMENT New Roads, Louisiana Financial Report December 31. 2019 TABLE OF CONTENTS Page Independent Auditor's Report 1-3 BASIC FINANCIAL STATEMENTS GOVERNMENT-WIDE FINANCIAL STATEMENTS (GWFS) Statement of net position 6-7 Statement of activities 8-9 FUND FINANCIAL STATEMENTS (FES) Balance sheet - governmental funds 12-13 Reconciliation of the governmental funds balance sheet to the statement of net position 15 Statement of reveni^s, expenditures, and changes in fund balances- governmental funds 16-17 Reconciliation of the statement of revenues, expenditures, and changes in fund balances of governmental funds to the statement of activities 19 Statement of net position - proprietary fun(E 20-21 Statement of revenues, expenditures, and changes in fund net position - proprietary funds 23 Statement of cash of flows - proprietary funds 24-25 Statement of fiduciary net position - fiduciary fund - sales tax 27 Combining statement of net position - all discretely presented business-type component units 28 Combining statement of activities - all discretely presented bi^iness-type component units 29 Notes to basic financial statements 30-71 REQUIRED SUPPLEMENTARY INFORMATION BiKlgetary comparison schedules; General fund 74 Parishwide Drainage Fund 75 Schedule of Changes in Net OPEB Liability and Related Ratios 76 Schedule of employer's share of net pension liability/asset - Primary Government Parochial Employees' Retirement System - Plan A 77 Schedule of employer contributions - Primary Government Parochial Employees' Retirement System - Plan A 78 TABLE OF CONTENTS (continued) Pane Schedule of employer's share of net pension liability/asset - Registrar of Voters Employees' Retirement System 79 Schedule of employer contributions - Registrar of Voters Employees' Retirement System Schedule of employer's share of net pension liability/asset - District Attorneys' Retirement System 81 Schedule of employer contributions - District Attorneys' Retirement System 82 Notes to the Required Supplementary Information 83-85 OTHER SUPPLEMENTARY INFORMATION OTHER FINANCIAL INFORMATION Nonmajor Governmental Funds - Combining balance sheet 90-91 Combining statement of revenues, expenditures, and ehanges in fiind balances 92-93 Schedule of insurance in force (without audit) 94 Schedule of supplementary information - utility customers - Sewerage District No. 4 (without audit) 95 USDA - schedule of required information - Sewerage District No. 1 (without audit) 96 USDA - schedule of required information - Sewerage District No. 3A (without audit) 97 USDA - schedule of required infonnation - Sewerage District No. 4 (without audit) INTERNAL CONTROL, COMPLIANCE, AND OTHER MATTERS Independent Auditor's 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 101-102 Schedule of current and prior year audit findings and management's corrective action plan 103-106 11 KOLDER, SLAVEN & COMPANY, LLC CERTIFIED PUBLIC ACCOUNTANTS C. Burton Kolder, CPA* 183 S. Beadle Rd. 11929 Bricksome Ave. Victor R. Slaven, CPA* Lafayette, LA 70508 Baton Rouge, LA 70816 Gerald A. Thibodeaux, Jr., CPA* Phone (337) 232-4141 Phone (225) 293-8300 Robert S. Carter, CPA* 1428 Metro Dr. 450 E. Main St. Arthur R. Mixon, CPA* Alexandria, LA 71301 New Iberia, LA 70560 Brad E. Kolder, CPA, JD* Phone (318) 442-4421 Phone (337) 367-9204 Stephen J. Anderson, CPA* 200 S. Main St. 1201 David Dr. Christine C. Doucet, CPA Abbeville, LA 70510 Morgan City, LA 70380 Wanda F. Arcement, CPA, CVA Phone (337) 893-7944 Phone (985) 384-2020 Bryan K. Joubert, CPA Matthew E. Margaglio, CPA 434 E. Main St. 332 W. Sixth Ave. Casey L. Ardoin, CPA, CPE Vllle Platte. LA 70586 Oberlln, LA 70655 Phone (337) 363-2792 Phone (337) 639-4737 ' A Professional Accounting Cofporalion WWW.KCSRCPAS.COM INDEPENDENT AUDITOR'S REPORT To Major Thibaut, Parish President and the Parish Council of the Pointe Coupee Parish Government New Roads, Louisiana Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of the Pointe Coupee Parish Government (Parish), as of and for the year ended December 31, 2019, and the related notes to the financial statements, which collectively comprise the basic financial statements of the Parish as listed in the table of contents. Management's Responsibility for the Financial Statements 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 internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express opinions on these financial statements based on our audit. 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 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 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 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 internal control. Accordingly, we express no such opinion. An audit also 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. Member of: Member of: AMERICAN INSTITUTE OF SOCIETY OF LOUISIANA CERTIFIED PUBLIC ACCOUNTANTS 1 CERTIFIED PUBLIC ACCOUNTANTS We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our adverse and immoditied audit opinions. Basis for Adverse Opinion on Aggregate Discretely Presented Component Units The financial statements referred to above do not include financial data for most of the Parish's legally separate component units. Accounting principles generally accepted in the United States of America require the financial data for those component units to be reported with the financial data of the Parish's primar}^ government unless the Parish also issues financial statements for the financial reporting entity that include the financial data for its component units. The Parish 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 aggregate discretely presented component units financial statements has not been detennined. Adverse Opinion on Aggregate Discretely Presented Component Units In our opinion, because of the significance of the matter described in the "Basis for Adverse Opinion on Aggregate Discretely Presented Component Units" paragraph, the financial statements referred to above do not present fairly the finaneial position of the aggregate discretely presented component units of the Parish, as of December 31, 2019, 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 Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Parish, as of December 31, 2019, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other Matters Accounting principles generally accepted in the United States of America require that the required supplementary information, as listed in the table of contents, 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 essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or liistorical 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