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COMPILATION REPORT & FINANCIAL STATEMENTS HASKELL COUNTY CONSERVATION DISTRICT #81

JUNE 30, 2013

KERSHAW CPA & ASSOCIATES, PC

5300 WEST OKMULGEE AVENUE MUSKOGEE, OKLAHOMA 74401 PHONE (918) 684-1040 FAX (918) 684-1041

WEB: E-MAIL: REK@

607 NORTH 1ST STREET PONCA CITY, OKLAHOMA 74601

PHONE (580) 762-1040 FAX (580) 762-1047

HASKELL COUNTY CONSERVATION DISTRICT #81 JUNE 30, 2013

TABLE OF CONTENTS

PAGE

INTRODUCTORY SECTION:

BOARD OF DIRECTORS

3

FINANCIAL SECTION:

ACCOUNTANT'S COMPILATION REPORT

4

BASIC FINANCIAL STATEMENTS:

EXHIBIT A STATEMENT OF NET POSITION ? MODIFIED CASH BASIS 5

EXHIBIT B STATEMENT OF REVENUES, EXPENSES, AND CHANGES

IN NET POSITION ? MODIFIED CASH BASIS

6

EXHIBIT C STATEMENT OF CASH FLOWS ? MODIFIED CASH BASIS

7

NOTES TO THE FINANCIAL STATEMENTS

8-17

OTHER SUPPLEMENTARY INFORMATION:

ANNUAL NET WORTH STATEMENT

18

2

HASKELL COUNTY CONSERVATION DISTRICT #81 JUNE 30, 2013

BOARD OF DIRECTORS

NAME

POSITION

Jerry Terrell

Chairman

Cecil Bratton

Vice Chairman

Phil Cantrell

Member

Larry Watson

Member

Joe Bullard

Member

DISTRICT EMPLOYEES

Kimberly Goff Aaron Bailey

District Secretary District Technician

3

KERSHAW CPA & ASSOCIATES, PC

5300 WEST OKMULGEE AVENUE

607 NORTH 1ST STREET

MUSKOGEE, OKLAHOMA 74401

PONCA CITY, OKLAHOMA 74601

PHONE (918) 684-1040

WEB:

PHONE (580) 762-1040

FAX (918) 684-1041

E-MAIL: REK@

FAX (580) 762-1047

_________________________________________________________________________________________________________________________

ACCOUNTANT'S COMPILATION REPORT

To the Board of Directors Haskell County Conservation District #81

We have compiled the accompanying financial statements of the Haskell County Conservation District #81 as of June 30, 2013. 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 the modified cash basis of accounting, which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America.

Management is responsible for the preparation and fair presentation of the financial statements in accordance with the modified cash basis of accounting and for designing, implementing, and maintaining internal control relevant to the preparation and fair presentation of the 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 management in presenting financial information in the form of financial statements without undertaking to obtain or provide assurance that there are no material modifications that should be made to the financial statements.

Haskell County Conservation District #81 has implemented the general

provisions of the Governmental Accounting Standards Board (GASB)

Statement No. 34.

However, the District has not presented the

Management's Discussion and Analysis required by the Governmental

Accounting Standards Board (GASB) that the GASB has determined is

necessary to supplement, although not required to be part of, the basic

financial statements.

Kershaw CPA & Associates, PC October 28, 2013

4

HASKELL COUNTY CONSERVATION DISTRICT #81 STATEMENT OF NET POSITION - MODIFIED CASH BASIS

JUNE 30, 2013

EXHIBIT A

ASSETS Current Assets: Cash and cash equivalents Investments

Total Current Assets

Non-current Assets: Restricted Cash and Cash Equivalents

Capital Assets: Land Buildings Equipment Vehicles Less: Accumulated Depreciation Total Net Capital Assets

Total Non-current Assets

TOTAL ASSETS

Total 2013

$ 16,511 11,688

28,199

9,353

3,250 9,500 109,795 26,424 (88,398) 60,571

69,925

$ 98,124

LIABILITIES Current Liabilities: Payroll tax withheld Current Portion of Capital Lease

Total Current Liabilities

Non-current Liabilities: Capital Lease

TOTAL LIABILITIES

NET POSITION Net investment in capital assets Restricted for debt service Unrestricted

TOTAL NET POSITION

TOTAL LIABILITIES & NET POSITION

$

1,258

-

1,258

1,258

60,571 9,353

26,942

96,866

$ 98,124

See Accountant's Compilation Report & Notes Which Accompany These Financial Statements

5

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