O C L II Lf El CI OA PY DOr X ( e o r x n : ( ~ 3 [ ~ y ON pO C1 l 'S ~E rR , mD , ho } iu st t ~ C k t F : i l h~ ! r b SH GRAVITYDR AIN E RA AG PE De Z EO SI PT AR RC ZT S, HN O, P Li Z1 Ci EO 3R UA RP YIDESPARI A l x aS n d r a i LO o u s aF n a U no O p r vi s o n s o f t a e t a w , hiJ s r t c o e A ce op pe yr or fi ts ho ea rp ei pu ob rl ti hd ad ss bc eu em nl sn ut b. mt t t e d t o e , e L d , i t e e r e i w e d , e n tc i y t at nl ~~ n ~ . h a c ae , : P, r o pr rv i ~ ev t p ue b il c d i f i a s } . h e ' ~ p o i t i s ~ e ; l i a b l f o r p u b ! c i n i s p e , t ~ o } ~ ! ~ t h t e B a o t n R o L ~ . o f f c i e o f t ~ i : ; L e ~ s i l a t v i e A u d i tf o: tc aeno df ,t wil h: ep y8ar as ph prc ol pe rr ik ao e, t ao tu tr tt e. . ~ o i ~ i f c Release[) ate_.__~ _ ~ . /~ -q ~. ~ ) CI ee llu ~ eD l di Pe I ll bW ll; A. iW ~; ; ia ll ) a' t' lll e GRAVITYDR AIR NA AA Gl Ee Da In Sd Tr Ia R C, THL No Ou .i 1i On FU RR AY PIDESPARI SH P D Z Ex S P A R I S O P L Zs C Ea J i a in F a n c i a lS t t a e m en t sRY W i te h I d n p e n d e n A u i t o ' s p o s Aso fDe r Wc ie tm hb Sr u3 p1 pe e, l ml eg ng tB a, lta In nd of f ro mr ar tt ih oe ne Se ca ht dT e uh le enEnded CONTENTS St atement_ P. aq ~ eNo, n I d e p e n d e n t A d u i t o r ' s R e p o t r Fi n a n c i a l S t a e t me nt s : B a l a n c e S h e t e A l l F u n d T y p e s a n d A c o c u n t G r o u p s Sta an td emC eh na tng oe fs Ri en veF nu un ed s,Ba El pn x ec ne ds itures, Sta a t e e n t o f e v n un e s xa E p e n d t r e s , s a l e (n Nd om nC -h Ga An Ag Pe BR ai sn ie sF )u ad n, dB Aa tn c uc ae li-uB Gu od vg et nmental r n 5 NoF tu en sdtT oyp te heFG ie nn ae nr ca il alFu Sd atements t ched ule Pa ge6 , Suo pf plC eo mm ep ne tn as lat no I fn orP mai td ioB no Sr cd heM de um lb eer -sSc hedule S i a 1 1N 2o Rv e p o t o n C m o p i a n c e a n d o n I nto e r a l o C n t r l o l Fe nr ar nF ci in aa ln Si ta tl a eR me ep no tr st Pn eg rB fa rs o me ed in nn An cA cu rd o di at no co ef wi t h G o v e rc m n n e t A u d i ti i n g S o t n dor d sa I H~t~ u wgW.WAy 55TerraAvenue Ale a n d/ r i a , L A Fx a3 x1 :8 34 14 82 /47 45 26 -8 97 41 93 503 INDEPENDE NTAUDITOR'SREPORT B O AR D O FC O M I SS IO N E S R G R V I T Y AM R I N A E D I S T IU CR TYNO.iOFR APIDESP AR ISH R A I AA lP eI xD aE nS dD rP aR i ,S LH oG uP iO sL iI aC nE aJ I h a v e a d u i t e d t h e a c m p a i n g i n a c i al s a t t e m e nt st f r av i t Dr a a n g e i st r i t c N . I o f R a p i d e s P a r s i h , ao c m o pn oy n e n ttf u n tn i o f t e R a p i d s ao r iG s h P o ly c i e J ui r y , asD o D e en c m bo e r 3 1 , 1 9 9 8 , a n d f o r t h a t e e s i a o e s Te hs ep so ens fi nl ni a ct iy alisto ate my ne e tr ah re en hn ed rd s, e pa nh sl ii bs it le id ye t on fP me nf ao gr ee mg ni tn og ft tb hl ee if sf tc ro in tt c .t M. y r b i e x p e r s s a n o p i n i o n n o t h e s e f i n a n ch i a l s t a t eo m e n t s b a s ed o n ~ n u a d i t . I c o n d u c t e d m y a u d i t i n a c c o d r a n c e w i t h g e n e r a l y l a c e p t e d a u d i t i n g s t a d n a r d s a n ge eq nu ei rr ae lt yh l ai cI eu pp tl ea dn gn od vh ep re nr mf no e tr at lt ae ue da iu td ii nn gt sa to nb a dt aa ri dh sr ca os no tn aa ib ee n dSa is ns Gr oa vn ec rh na mb eo nu tt Aw uh de th i ie nd g S t o n d o r d s , s e d b y t e C o m p r o l l r G e e r l o f t e U n i t e d t t a e s . T o s e s t a n d r a d s r a t a m h t o n e l u e t r t h e i f n a n c i a l s t a t e m e n t s a r e f r e e o f m t a e r i a l m i s s t a t e m e n t . A n a u i d t i n c l d u e s e x a m i n i n g , o n a t e t s b a s i s , e v i d e n e c u s p p o r t i n g t h e a m u o n t s a n d d i s c l o s u e r s i n t h e f i n n c i a l s t a t e m n t s . A n u t i so n i c l u d sn a s s e g t c o u n t ia n gn p r c i e s u s e d a m t d y m t e a fn id na as ni cg in ai lf si tc aa tn et me ee ns tt pi rea se es na tm ad ta ie oa nl .b Im ba en la eg i ve ee tt h, as ta ms yin aw ue dl ih tea ps oc r ve iv da el su ai eg r ai sn ot nh ap bl lo ev be ar sl il s f o r m y o p n i i o n . I n m y o p i n i o n , t h e f i n a c i a l s t t a e m e n t s r e f e r r e d t o a b o v e p r e e s n a f i r l y , i n a l l m a t e r i a l r e s p e c t s , t h e f i n a c n i a l p o s i i t o n o f G a r v i t y D r a n i a g e D i s t i r c t N o . 1 o f R a p d i e Pn arc io sn hfo ar si ot fyDw ei ct eh mb eg re 3r Ia ,ll 1y 99a 8c ,c ae np ded tha ec rc eo su un lt ti sgop fr oi pn ec ri ap tl ie os n. sfortheyearthenen deds , i m n e t n G o v e r n m e n a t l A c c o u t n i n g S t a d n a r d s B o a d r T e c h n i a c l B u l l e t n i 9 8 i , D i s c Z o s u r s e o b o u t e Y o r 2 0 0 0 I s u e s , r e q u i e r s d i s c l o s u e o f e c t a i n m a t e t r s r e g a r i d n g t h e Y e a r 2 0 0 0 I s s u e . T h e p o l i c e j u r y h a s n i c l u d e d s u c h d i s c o l s u r e s i n n o t e 4 . B e c a s u e o f t h e u n p r e c e d e t n e nf af to ur rt esw ofi thn eot Yeb ae rf 2u 0l 0y 0d Ie st ue er ,mi in tb sle efu fn et ci tl st ah ndYe ta hr e2 s0 u0 c0 ea sn sdot fhe rr ee la af tt ee d. remediat iod n e l l a e r I n a c o c r d a n c e w t i h G o v e r m n e n t A u d i t n i g S t o n o d r d s , I h a v e a l s o i s s u e d a r e p o r t d a t e d J u n e 1 6 , 1 9 9 9 , o n m y c o n s d i e r a t i o n o f t h e i n t e r n a l c o n t r o l o v r e f i n a n c i a l e r p o r t i n g a n d m testsofcompli ancewithcertainprovision sofl aws,regul ations,contracts,andgran tsy . Gl Re Ax Vn TS I Yri Da R, AIL No AGi Es Da Sa TRJ ICR TNO.1OFRAPIDESPARISH R D I O L C A AA uP da tEd i ReP pA oR rtS ,Hu DP ei eI c mn bE erU 31Y ,198 H y Ae lr eb xi ae n6 dW r. i1 aW ,a ouisiana L J u n e 1 , 9 99 G R A T I .1OFRAPI DESP ARISH AA R PV II DT EY SD PR AA RI IN SG HE PN OD LI IS ER T JC UT RN YO e l x a n d i r a , L u o i s i a a n A S S aL B laF nU cN eD ST hY eP eE t,A DeD cA eC bC m eO rUN 3T 1G ,R 1O 9U 9P 8 As Sh ETa Sn C a d c a s he qu iva lents eA R c e b e s : o a e Sd ti av ta el rr ee vm eS nt ex u ss ha~ ing T T O A L A E TS Ii L Ab Bi ILi ~t I Ie Es SAN Dcc Fo Du Ht bs EQp Ua Iy Ya T L ua F nn drl Es ui q iv te yd-a fu un nd den ag b ln aa nt ce sbl e -e u e e r i s d TO TALLI ABILITI ESANDFUNDE QUITY Theacompan yingno lesareanin tegralpartofthisstate ment State mentA GO R NM E N A FV UE D N T Y PT EL E G L FN UE NR DA $9 2 3 , 2 4 2 160 , 6 2 5, ,0 93 3 7 $1, 090 2 7 $4 5, ,B 18 9 6 1, 08 5 $1, 090,0 27 G I A C O.IOFRAPIDE SPARI SH RR AA PV DT I EY SE AR P RI IN SA HG OD P LI IS CT ER JI UT RG YN A l e a x n d rD i a , L o uE s i i a n a G O V R E N M N A T L F U D N T Y P E EN R AL ON F D sinF S e e dE i undBa lance Ft oa rt tm he ent Yo af e rR Ee nv en d due Ds e, eE c mx bp ee rn 1t 3 ,ur 1e 9s 8,andChange 9 Rd EVa Nl E Uo Er Semtaxes A ]ntv gs ot vee nr r mn ei nn tg alreven ues-stater evenu eshari ng I re e a s evenue s E X P N E D I T UT Ro Stalr E CuP ru e r n t : b l i c o w r k s d r a i n g a e PeC r s o n l su e r i v e a Co on mt pr nc e st ta il nc o ps a: i: dboardmember s OpA e r a t n i g s e v r ic e s d v e t r i i n g R e p a r i s a e ce a Mo aI tn es ru ir ln sie an nd dm sa ui pn pt ln ea i sn C n t r i u b t o n t o s unds Totale xpep ne dn ti i uo rn esf EXCE SSOFR EVENUE SOVEREXPEND ITURES FUNDBALANC EATB EGINNI NGOFYEAR FUNDBALANC EATE NDOFYEAR Theaccompa nyingnotesareanintegr alpar toft hissta tement St atemen tB $1 8, 7 5 96 59 4 27 5, 3 ,7 22 59 7 2 , 4 0 5, 18 60 0 4 7, 0 2 9 28 84 8 5 , 1 3, 9 16 69 9 14 2, 088 94 2, 770 $1,084, 858 St ateme ntC G T N R . FRAP IDESPAR ISH RR AA PV DI I EY SD PR AA RI HG S PD LI O CT EI JC UT YN R A l e a x n d r a i , o L uE i i s aS n a G O V R E R M N E I A LA F U N D E G N E A R LO U1 F N DO S e n p t e ndC hang esI nFu ndB alan ces Bt ua dt em g te (t oo N nf -R Ae G Av Pe Bu ae ss s, i )E ne a dnd ci A tu ur as l, F o r t h en e Y a r E n d d e D c e e mx e b r 3 , ] 1 9 8a C L R C NT BU UA GETB D FA VI OA RN BE LL EE AC TUALADJ USTME NTSOA B A S S I UDGEI( UV N A F V O A R B ) R E V N E U E S A d a v l r m a t x e s $ 7 1 8 , 6 5 9 6 $ 8 6 1 $ 7 9 2 , 5 5 $ 4 1 5 , 0 0 $ 3 , 2 5 5 I n t r e g o e v r n m n e t a l r e e v n u s e s t a e t r v e e n e u s h r a i n g 8 , 5 9 9 2 1 9 9 0 , 8 8 O I , D O 9 IntrsteT ao ra il n ngr sven 46 7,2 27 81523 7 45 7, 77 22 91 25 0,0 O0 6 24 7( 71 , 22 9) t e ues 3 2 5 0 7 1 0 , 7 2 Eu Xr P N E D I U E R E S C e Pr bn u lt i: c w o r k d re a n i a P e r o s n a l s e r i v n o t 0 4 mt pr ea nc au s ta il nc o ps i: a dge o: b ardmem bers 2 5,4 60 2 1 5, 10 602 3,4 60 ,1 1 50 6 ) 0 OpC e a r t i g n s e v r i c s e : R c e o r d n i g e s 0 I 0 0 A v d e r t s i i nf ge 8 4 84 4 3 0 5( 1 6 D e u s a d n s b u s c i r p t o i nr ssandengi 0 2 P y a m e n s t t o c o t n r a t c o neer s 77 , 8 D 4 27 0 , 8 61 5 , D ,2 90 10 6 I s n u r n a c e 2 , 9 4 2 9 , 4 2 , 00 8 1 ( 8 ) 4 M a t r e i a l s a n d s u p l i s e 8 2 8 2 8 8 5 2 0 37 3 ) a IrC ao et v lr a d n o h t e r c l i a g r e s : 7 a r v e l , 1 0 0 0 n b i u t o i n o t p e s n i o n f u d n s 6 , 6 ~ 9 1 ( 4 6 ) 5 0 , 2 3 ( , I 2 5 ) io ga n el ne cx ep i sen 81 54 00 00 l t ditu res 93,1 69 93, 023 62 , 0 EXE CP SE E SND DT ( eU fR cS i ien cy)OFRE VENU ESO VER 1 X I E 4 2 , 8 0 8 9 6 1 1 4 3 0 , 4 9 ( 3 5 9 . 2 4 3 ) 6 8 , 2 4 7 2 F U D N B A A L N C E A T B E G N I N I G N O F Y E A R 9 4 2 7 . 7 0 1 ( 6 2 3 , 9 7 ) 7 8 0 3 , 7 3 8 7 0 , 7 3 3 N O N E FUN DBAL ANCEAlENDOFYE AR = $= 1= 0= , 8= 4= 8= , 5= B: (= 1= $ 6= 1= 4= . 3~ 6= )=~ $= 9= 2= 3= 4~ , 2= 2== $= 4~ 2 0~ .= 5~ 9 0===~= $~ 6~ 8~ ,= 2 4= 7= 2 ~=~ = ~ ~ = Fheacc ompan yingnot esar eanint egra lpa rto fthi sst ate ment GRAVIT YDRAIR NP AA Gl Ee Da Sd I Tr Ri Ia C, TL No Ou .i 1s On Fa RR APIDESPARISH A I D Ex S P A R S I H P O L I Ca E 3U Y n i e AsofDecN eo mt be rs3t e 1o ,t 1h 99F 8i ,n aa nn dci fa ol rSt ta ht ee Ym ee an rts ThenEn ded Ir Na Tv Ri Ot Dy UCD Tr Ia Oi Nn G a g e D i s t r i c t o N . I o f R a p i d s e P a r i s h w a s c r e a t e d u n d er t e a t h or it y f o L u i s i a n a e R v i s e d S t a u t t e s 3 8 : 1 7 5 1 1 8 0 2 a n d w a s e s t a b i l s h e d f o r t h e p uh r p o eu s o f o es no n i g a n d m a i n t i a n i n g a l l n a t u r a l d r a i n s i n t h e d i s t r i c t , w h e r e d r a i n a g e i i n t h e n a t ud ri ac lhe fs o, rca en odc fa gn ra al vs i. tyT .heTd hi is st mc at yu bs ees ac co on mt pr la ic st hl ea dbo yrt b co tm u ts ii na gc ao nm dp os ph ee nd ip gu n eg n w d r a i n s , t ri a n tc a i n tl h e d r a ini g a e s y s t e m . 1.A SU. MMARB YAS OI FSSO GF I NIP FR IE CE AN NT TAT AI CO ON UNTINGPOL ICIES S T h e a c c o m p a n y i n g f i a n n c i a l s t a t e m e n s t f o t e h i d s t r i c t h a v e b e e n p r e p a e r d n i c o n fr o r m i tt y w i h t g e n a l l y a c c p e te e d al c c o u n t n i g p riS na c i p l e s G A A P )aa s a p p i edt o t g t d G h ao cv ce pn tm ee dn sa tl au nn di at rs d. se er tT th ie nG go be or dn ym fn ot ra eA sc tc ao bu ln it si hn ig gn vd o ea rr nd ms e( nB to aa lr c( cA oS uB n) il t ni gs ne a d f i n an c i a l r p e o r t i n g p r i c n i pv l e s . B , R E P O R T I N G N E T I T Y A s t h e g o v e r n i g n a u t h o r i t y o f h t e p a r i s h , f o r e r p o r t J n g p u r o p s e s , t h e R a p i e d s, P a r i s h P o l i e c J u r y i s t h e f i n n a c i a l r e p o r t n i g e n t i t y f o r R p a i d e s P a r i s h . T h e f i n a n c i a l r e p o r t i n g e n t i t y c o n i s s t s o f a ( ) t h e p r i m a r y o g v e r n m e n t p ( o l i c e j u y r ) b ( ) o r g a n i z t a i o n s f o r w h c i h t h e p r i m a y r g o v e r n m e n t i s f i n a n c i a l y a c c o u n t a b e l a n d c ( ) o ti h e r o r g ah n i z a t o i n s f r w i h c h t h n a th u r e a n d sl i g n i f i c a c n e o fse tht ie e r, r e l a t i o n s h p w i t h t e p r i m a r yg o v e r n m e n ta r ebs u c t h a t e x c u s i o n w o u d l c a u h r a p o r t i n g n e t i t y ' s f i n n a c i a l s t a t m e e n t s t o e m s i l e a d i n g o r i n c o m p l e t e . Ga oF vi ed re ns ma eP nr ti as lh AP co ol uc ne tn iJ Sf to ar nh df ai ra dn sc Ba ol rt a dr Gr ( At Si Bn )g Sp tr ap to es me es n. tnT Nh oe .eb 1a 4s ea sc tr ai bt le ir si en d c r i t e r i f r o d e t e r m i n i g w h i c o c m p o n e n u n t i s s h o u l d b e c o s i d r e d p r t o f h t R a i u y r n i e p o u i c o f oc rou in nt ca ub l di il n gy a p o t e n t i a lc oa m p o n e nf t u n i t w tt i h i n t h er ee pc oo rn ts ii nd ge er ne td ii tn yid set fe ir nm ai nn ci ae i l a c i t . T h G A S B h s s t o h t r i e r i a t o b n g f c u n t a be i l i y t . T h ee s e c rr t i e rc i a i n c l u e d : Ii .nanci Apl poa ic no t i n g a v o t i n g m j a r o i t y o f a n o r g a n i z a t i o n s ' g o v e r n i n g b o d y , a n d a Tr hg eani az ba it ii l to yan od f/o tr hepo licejur ytoimposei tswillonth at o n bb T h e p ot ts ent to ia lor foi rmp to hs eeos rp ge ac ni ii zc tiof a nna tn oci pa r] ovb iu dr ede pn s es cio fn icth fe inp ao nl ci ae i l f i c je un re yf .i G R A V I T D A NA I E D I S T INCT NO.iOFRAP IDESPARISH A R P I D EY S PR A R HG S P O L I C E Y A d a o u Nl oe tx ea sn tr oi t, hI eL ii F ns ai na cn ia alJU SR tat ements(Conti nued) 2b Ou gaa r nr ie zaf ti is oc na sl fl orde wp he in hde c tn ht eon pot ih l ce ep jo ul ri yc de oj eu sry n, otappointavotingmajority t y B a e s d o n c i r t e r i a I t h r o u g h 3 , t h e d i t s r i c t w a s d e t e r m e d tr ot b e ac o mi po n e tfu n i t o f t h e R a p i d e s P a r i s h P o l i c e J u r y , h t e f i n a c n i a o n ae ce or ma pl an ne yg io nv ger ie f nn at ni cs is ae lr te s an td ed mr eo nn ti se re p es sy en nth io nr om f ro ml ai tn ir oe np oi ln n yg oe nt ty h. en uT nh de s m i a n i d y b t h d t ci t o pr n f t i o n o t h p o l i cet j u yot r , t h e g n n m r n t , o r h e r g v o et rn m e n ta l u n t i s t hr ai tv cc oa mp rip so ev td ht ed fib ne nct a ii aa lt reg pa ov re tn nm i ge et na tl ie tu yn .i C . F U N D A C C O U T N I N G T h e d i s t r i c t u s e s f u n d s a n d a c o c u n t g r o u p s o t r e p o r t o n t i s f i n a n c i a l o p s i t i o n a n d t h e r e s u l t s f o i t s o p e r a t o i n s . F u n d a c o c u n t i n g i s d s e i g n e d t o d e m n o s t r a t le el ga ling a omt c po lic ae nr ct ea ang dov te orn am ie dn fl inf nu a cn ic at lio mn as no ar gea mc et ni tvi yti b es s g. regatingtransa ctione s r t i n t a e A f n u d it s a s e p a r a t e cc a c o u n t i n g e nt t i y w ii t h ac s e l f b l a a n cn i n g s e t o f c a c o u n t s . O n t h e o h e r a h n d , a n a o c u n t g r o u p s i a f n a n a i l r e p o r t i g d e v i c e d e s g i n e d t o p o r v i d e a c c o u n a t b i l i t y f o r c e r t a i n a s e s t s a n d l a i b i l i t i e s t h t a a r e n o t r e c o r d e d i n t h e f u n d s b e c a u s e t h y e d o n o t d i r e c t l y a f f e c t n e t e x p e n a d b l e v a a i l a b l e f i a n c i a l r e o u c r e s . F u d n s o f t h e d i s t r c i t a r e c l a s s i f i e d a s g o v e r m n e n t a l . G o v e r n m e n t l a f u n d s a c c o u n t f r o t h e d i t s r i c t ' s g e e n r a l a c t v i i t i e s , i n c u l d i n g t h e c o l l e c t i o n a n d d i s u b r s e m e n ou fd sa eo p cf ift ce od ri lr gc at la li yn rl eu td s rit ch te ei df ml ol no iw ei sg ,: te hr eal cl a qo un ig site ir om nd ob rt. conG to s rv ue cn tm ie onta ot f g n e es r l ih x ed a st s ei t s , n dc t h e e s r v co i n g o f g en e r l f n s e n G n e era l F u n dFun T e h G e n e a r l d i s t h e g e n e r a l o p e r a t i g n f u n d o f t h e d i s t r i c t a n ac co ou un nt te sdf fo or ri alo lth fe ir naf nu cn id as l.resources,exceptthoser equiredt obd e a n e D b S e vi e F n u d T et h e D br t Sc e r i c e Fo u n a cp c o um n t s r o r t a nr s a c t o nd s r e l a t n i g o e r so uo r c e s e r e n r h tt mi de bF ta rd ev ou c rs dd ec df ir nd th ee h ga ey ee rn at lf lo of ne gi -t te re ms dt ei ba tn ae cp ci on uc ni tp ga rl ot uo pn .6t Te el h Dn eg bt S ra e v in c ed un n d w s a lo s et d du r ng i t h e y a r en d e d D ec m b e r 3 1 , i g g . G R A V I T DR AI N GE D I S I T NC TYNO.iOFRAPIDESP AR ISH R A P I D EY S A P I SA H P O L I C E A d a o Nl oe tx ea sn tr oi tR h, eL Fu ii ns ai na cn ia a3 lU SR tatements( Continued) Dh .ef Ba An Sc Ii Sal OFr Ae Cp Co Or Ut Ni Tn Ig NGtreat T i n e t p a pl i e t o a f u n d st t e m i n e b i m e a s u r ea ml e t n f o c uc s . T hs eu g o v e rm m n en n t as l u n dd st a rs e a c o u n t ei d fd oe r ur s i n g a cy ur r et r n f i n a n c i r s o u r e sm e a r m e n e t f o u . W t h h i m e a s u e m e f o c s , o n ld y c u e r n a s s e t s n de c u r e t n i l i l i t i s gc e e af r l li y r e i n c l u dr e d on h eu b a l a e c e h t O u s e e t i . e v t fp ie nr aa nt ci in ng gs oa s ut re cm ee sn )t ao nf db dt eh ce rs ee ae sf en sd (n ip er . ,s . en xa pi en nc dr ie ta rs u ee ss a( n. de o, tt hr re e fn iu ne as nn ca in nd gso uh ee s s i n n e t c u rt e n t a s s es t s . Revenues Ia nt tu er re ed stan id ct n oh me ei on nco tm meei i dea pv oa si il ta sbl se, i recordedwhentheti medepositsha ve m s B as ed ont he ab d erelatedstatereven ue s eo av te ec dri at se sr ui sa c, epa tiv ba ll eor oem t at ca cx rua an ld .th Eh xa pr ei nn dg it ta ur ee r str E x p e n d i u r s e a i r e g e e n r a l l y r e c g o n i z e d u n e d r t h e m o i d f i e d a c c r a u l b a s i s o a c c o u n t i n g w h e n t h e e r l a t e d f u n d l a i D i l i t y i s i n u c r r e d , x e c e p t of f r p r i n c i p a l a n d i n t r e e s t o n g e n e r a l o l n g t e r m e d b t , w h i c h a r e n t o r e c o g n i z d e untildue. G R A V I T D R A IN GE D I T S I NC TYNO.iOFRAPIDESP AR ISH R A P I O EY S P A R SA H P O L I C E A d i o Nl oe tx ea sn tr oa t, hI eL Fu ii ns ai na cn ia a3 lU SR tatements( Continued) E.BUDGETPR ACTICES s a d o e t d p r e vp i u o s c n a iu tm hb nr i tc he e F . C A S H A N D C A S H E Q U I V A E L N T S C a s h i n c l u d e s m a o u n t s i n d e m a n d d e p o s i t a c c u o n t s . C a s h e q u i v a l e n t s i n c u l d e ae mp oo us tt ss nw i tt ms ef ds ec pa ol se ia tg se .t Ur nb da ek rsd se to ag ta eni lz we a ,s tu hn ed dr io st th re im cl ta mw as yto df ec pt oh se itS fa ut ne dt so n d e m a n d d e p o s i t , n i t e r s t b a e i n g m n a d d e p o i t s , m n e y a r k e a c o n u s o r m i e d i i h i n n r d e t L o u i si a a n a n d n a t i o n albankshavin gtheirprin cipalofficesinLouisiana.f 2 . C A S H A N D E Q U I V A L E N T S Ao tll Do ew cs e: mbe r31,Iggs,thedis tricthascashandcashequivalen ts( bookbalances)as f I ngdeman ddeposits $2 2 Tn it me ere ds et pb oe ia s tr si 62 97 5, ,4 98 4 9 T o t a l $ 9 2 3 , 4 2 U n d e r s t a t e a l w , t h e s e d e p o s t i s , o r t h e r es u l t n i g b a n k b a l a n c s e , m u s t b e s e c u r e d y b f e d e r a l d p e o s i t i n s u r n a c e o r t h e l p e d g e o f s e u c r i t i e s o w n e d b y t h e f i s a c l a g e n t b a n k . T h e m a r k e t v a l u e o f t e h p l e d g e d s c e u r i t i e s p l u s t h e f e d e r a l d e p o s i t i n s r u a n c e m u s t a t a l l t m i s e e q u a l h t e a m o u n t o n d e p o s i t w i t h t h e f i s c a l a e g n t . T h s e e s e c u r i t i s e a r e h e d l i n t h e n m a e o f t h e p l e d g n i g f i s c a l a g e t n b a n k i n a h o d l i n g o r c u s t o i d a l b a n k t h a t i s m u t u a l l y a c c e p t a b l e t o b t o h p a r t i e s . C a s h a n d c s a h e q u i v l a e n t s ( b n a k b a l a n c e ) s t o t a l i g n $ 9 2 3 , 5 5 2 a t D e c e m e b r 3 1 , I g 8 , a r e s e c u r e d y b a p p r o x i m t a e l y $ 3 0 0 , 0 0 o f f e e d r a l d e p o s t in nst uh re ann ca ee (Go Af SBth Ce tef a gi os rc ylIa )g ae nn dt$b 6a 2n 3k 5( , 5G 2AS oB fC pa et l de gg er dys3 e) c. uri tiesheldbyac ustodialbai nk i m a o B e c a u s e t e h p l e d g e d s e u c r i t i e s a r e h e l d b y a c s u t o d i a l b a n k i n t h e n a m e o f t h e f i s c a l a g e n t a b n k r a t h e r t h a n i n t h e n a m e o f t h e d s i t r i c t t h y e a r e c n o s i d e r e d u c n o l l a t e r a l i z d e u n d e r t h em r o v i o n sa o f G A S Br C oq d i f i cm a t it on I 0 .e 16 3 b ( ) ; ha o w ea e v r , L i i s a n ai R in e s Sl t a u e t 3 d d p9 l: e1 d2 g2 e9 di sp eo us c re is ti ia es st wt iu tt ho ir ny 0e 1 du ai yr se oe fn en i5 nt gh ou is t ft io ed di bl yb tn hk et do iu sa tv re cr i tt ts ie av ~ ta td hs ee fl it st ch ae l a g e n t b an k h a s f a i le d o t p ay d e p o si e t dbo f u n d snc u o p n d e ma n d. G A R V I T D A IN G E D I S T INCT O.1OFRAPI N DESPARISH A R P I D EY S PR A R SA H P O L I C E A e d a o i Nl tx o ea sn tr oi t, hI eL Fu ns i ai na cn ia alJU SR tY at ements(Conti nued) 3 S I N E T T. htr Du ic sR rK in cM tA iA sG eM xE pN o; eder tr oor vaa rn id ouo smi rss ki sns r; elan td edna our tol rtd si ,sa ts ht er fs t.of,damageto,and d s e t i o o f a s s e t s s T e h Ds i t rs iu cl tt hi an stf or bo am t int eh de c o r e c i l ie ns uo ro at nce ex fe od re tt heca am ore f er mi ea nl tie on ns eu dr ra in sc ksco av der n sa eg te tli en d c a l im e g k n ce d o c i e a y fsr t ss ce am lr yi es as ra sh .av 4n .o Yh Ae E R0p 2a 0s 0t 0sh Iu Se Se Us Efi T e h Y e a r 2 0 0 I s e i t h e r e s u t l o f s h o r t c m o n i g s i n m a n y e e l c t r yp s sr ta et mi son as ndasoe tr el h rya es lef ci rs t oc na icye ea qr ui1 p9 m9 e9 n. tthatmayadverselyafo fn ei cc td ta ht eap dr io sc te rs is ci tn 'g s o e a l T e i r a y a y mh yrd a bs et ai fc ft cth e es dc bo ympl te hted Ya en rin a 2v 0e 0nto Ir ss uo eft nh a dem ti as h tion ra ecri nt ci e ec sl sac ro ymp tu ote cr ons ds ut ce tm is ngth ia tt s p o Te esa h dt ii so tn rs i. cm tis hs aon coc mr pi lt ei tc ea dl tt eo stc io nn gdu ac nt di vn alo ip de ar ta it oi nonso tf heth ee led ci ts ot r nr es quo if pf mi nc e t. thatis o c n i d e r e d i g i c t ' e e B c a u s e o f t h e u n p r e e c d e n t e d n at u r e o f t e h Ye a r 0 2 0 0 I s s u e , i t s e f f e t c s a n d t ew h s u c ce s s o f l a d r m e e d i a t i o e f f r o t s w i l l n o b e f u l l y e d t e r m i n a b l n u t i l t h e Y a e r 2 0 0 0 a n d h t e r e a f t e r . M a n a g e m e n t a c n n o t a s s u r e t h a t t h e d i t s r i c t ' s o p r e a t i o n s a r e , o r i l l b e eat Y rha 2t 00p 0ar rt ei as y,wi d tt hh atwh to heb ru es mi en de is as tii os nc eo fn fd ou rc tt sed wiw li ll bebe suY ce ca er ss2 u0 f l0ir nea wd hy o. leinpart, or e m 0 GRAVITYD RAIR NAA Gl Ee Da In Tr S Ri Ia C, THL No Ou .i ii On Fa RR AY PIDESP ARISH D S P C E Sr Ut Ph PA LEP MI EE Nx Ts Ad LA IR NI FS ORP MO AL TI Is Oa Nr S3 CU H1 E, DU1 L9 E98 Fo e Y e a r E n d e d D e c m e e b 3 COMPENSATI ONPAIDBOAR DMEMBERS T h e s c e d le o m p e s t i o p i d o b o r d m e e r s s p e s e n t e di n m o pl n c e w t i H ou e C o c n u rh r e nu t R ef s oc lo u i t on n N o . 5 4a o f t h e I g 7m g3 Sb e s i o ni o fr t h e L o i sm ic n a a Li ea g i s l a t uh rr e . I n a O C r n c e i t h L o u i s ia a a Rn e v i s e dt t S a ta u t e 8 : 7 1 4 , a c h b o a r d m e e b r e c e i e s p e is m e oC f u pd t o $ 6w 5 o f e a h dn a y n t h e c o n c u t f o f9 f i ae i l b u s i n e su s o tr hr e i s rv t i c t n od t t o e c da a e c r c e o n t b a m e ae he a3 y6 nd i ty hs er ca nh o dc uy ce ta o. foi fT fh ie cb io aa lr bd ud sh ia ns eo se sl oe ft td hc et isc d to rm ip ce ts ,a oe n tf to xd e cd em ee db 2r 4s d, a$ y6 s0 ef ao cr h yx a e r 11 ScheduleI GRAVIT YDRAIN S AA R PG IE De ED SI PR AI RC IT HN S PO O. L1 Ii CO EF 3R UA YPIDESPARISH R A l a x nT d r i a , L o u s i a na Sch ed m i m Fu ol reto efYC h eo ap ren Es na dt dio e Dn ecP ea md beB roa 3r 1d ,1M 9e 9b 8ers Boar dMemb er umber N Amo u t0 J a r d a s 1 In 0 . Mo ah rn ie oB n C h a n y e 18 7$ g8 g0 O M a x i F i g g i s n 1 9 1, 1 4 M a x J h o n s o n 1 6 9 W~]bur n h 17 96 90 0 otS l am lf st $5, 160 Inb dy peG e no dv ee nr tnm Ae un di tA ou rd 'l stt Rn eg poS rt tn sd Ra er qd us tred t a T h es f o le l o w i g i d n e pn e n d n t a u de i o r s ' r e p on r t s o n i n t en r a n l c o n t r o l an dt c o m p l i a c e r a e p a m e br ye te hn et Cd mi o pn tn rc oo lm lp el ri Gc ee ee n rw ai lt ot fh tt hr ee Uq nu ii tr ee de St ts ai eo t sf ,G av ne dr tm he en Lt oA uu (d si lt ai nn og oS en v rd na mr ed ns t, an li As us du id t G u ii d e , it s s u e d y b h e. o S c i e t yh o fL o u i s i a n a Ce r t f i do e P u bl i c A c c o u n t a n sG t aa n d t h e L o u i s a i n a L e g s l a v i e A u d i t o r CI -~III : [ ~ C ~ JNI~rl 5aI 5P Tl eJ rE aI r AL vA enC u1 eC AI e~ l x n d a 03I 1r 8/i 4/ 4, 24 -A 759 67 893 ax3: F 3 8 1 4 2 4 5 Inde e er l Bp ae sn ed den St lA o eu ld yit oo nr' as nR Ap do u ir ttoo fn 'tI hn et in F na al ncC io an ltr So atS t et mr eu nc tt sure G R A V I T Y D R A I N A G E D I T S R I C T N O . i O F R A P I D E S A P R I S H R A P I D E S P A R I S H P O L I E C J U R Y Alh ea xv ae nda iu r ad ,it Le od uit sh ian afi I e n a c i a l s t a t m n e t s o f t h e G a v i t y D a in ge a D i s tr i ct N o. ]g o R aa p i d e s P a ie s h ,m a o c m3 p o nn e n t u n t i o fe t h e R a p d i e s ar r i s h P o l ir c e J r y , a s o f a d o f r t h y e r e n e d D c b e r 1 , 1 9 8 , a n d h v a i s u e d y m e r p o r t n I c o n d cd u t er d m ye a u d t i i n a c9 c o r d n a c e w ie t h gs e e n r a l lP y a c c p e t et dh ar ue do iu td ia nt ge sd tt aJ nu dn ae rn d1 s6 n] a d9 tg h s t a n d a r s d a p p l i c a b l e o t f i n a n c i a l a d u i t s c o n t a i n d e i n G o v ee r n m n e t A u d i i n g S t n, a d a rd s i s s u e d y b t h e C o m p t r l o l e r G e n e r a l o f t h e U n t i e d S t a t e s . Cs omp pa Zr it nco a efobtainingrea A s o n a b l e a s s u a r n c e a b o u t w e h t h e r t h e f i n a c n i a l s t a t e m e t n s a r e f r e e o f m a t e r i a l m i s s t a t m e e n t , I p e r o f r m e d t e s t s o f i t s c o m p i l a n c e w i t h e c r t a i n p r o v i s i n o s o f l a w s , r e g u l a t i o n s , c o n t r a c t s n a d g r a n t s , n o n c o m p l i a n e c w i t h w h i c h c o u l d h a ve e a d i r e cv t ai n d m a t e r i a l e f fo e c t o n t hi e d et e rt m n i a to i o nop or f f i n a nn c i a la t s a t e m e n t m a o u n t s . H o w v e r , p r o i d n g a n o p i n i o n n c o m p l a n c e w i h t h s e o v s i i o s w s n o t a n o j b e c t i v e o f y m a u d i t a d n , a c c o r d n i g l y , I d o n o t x e p r s s s c u h a n n i i o n . T h e r e s u l t s e f m y t e s t s d i s c l o e s d n o i n s t a n c e s o f n o n c o m p l a i n c e t a h t a r e r e q u i e r d t o b e e r p o r t e d u n d e r Gn ot ve er rn ma n eZ nC ton At ur do il tiO gve n StF ai nn da an rc di sa .lReporting I r 14 G R A V I T Y D R A N I A GE D T APIDESPARISH R A P I D E S P A R S I H P O LI IS CT ERI JC RYNO.1OFR U A a n a Cl oe mx pa ln id ar ni ca e, RL eo pu oi rs ti C ( o n t i n u e d ) PriorAuditFindings l t ma e a c Rh ai ps io dr ee sp ar P ii r ss h.i He wn o ed ve ed rf ,or tht ih se rei pn of ro tr sti i aon mao tf tet rh ofGr pa uv bi it l cyrD er ci on ra dg ae ndDi is tt sr di it stN ro i. bui tio of n i s n t lo i mt i e t d ,n 15
© Copyright 2026 Paperzz