GENERAL PURPOSE FINANCIAL STATEMENTS

[Pages:16]SOUTH W EBSTER PA RISH IN D U STRIA L D ISTRICT GEN ERAL PURPO SE FIN AN CIAL STATEM EN TS FOR TH E YEAR END ED D ECEM BER 31,2002

JAM IESO N .W ISE & M ARTIN

SOU TH W EBSTER PARISH IND U STRIAL DISTRICT G eneralPurposeFinancialStatem ents

A sofan d fortheY earEnded D ecem ber31,2002 W ith Supplem entalInform ation Schedules

A CCOUN TAN TS'COM PILA TION REPO RT A FFID A V IT and REVEN UE CERTIFICA TIO N GEN ERA L PUR PO SE FIN AN CIA L STA TEM EN TS Com binedBalanceSheet-AllFund Typesan dA ccountGroups G overnm entalFunds: Com bined Statem entsofRevenues,Expendituresan d Changes

in Fund B alan ces Com bined Statem entsofRevenues,Expendituresan d Changesin

FundBalance-Budget(CashBasis)andActu al

N otesto the FinancialStatem ents

Supplem entalInform ation Schedules: Schedule ofCom pensation Paid Board M em bers Sum m ary ScheduleofPriorY ear Findings Corrective Action Plan forCurrentY earFin dings

Statem ent

A

B C Schedule

Page 1

6 7 Page 12 13 14

.

.~ ... ..~ .~ ,., . ..

~ W .WISE,C.P.h. C.~ LOSE-M~ IN.C.P.A

I(m SllNS~-COt.E.C.P~. j-~*OI~ER C.8lOfr~,C.P.k

JAM IESO N ,W ISE & M A RTIN

A PROFESSIONA LACCOUNTING CORPORATION

601MA IN STREET P.O.BOX 897 M INDEN,LOUISIANA 71058-0897

(318)377-3171 FAX (3"J8)377-3177

W .PEARCE.IAMIE.~ I.C.RA,(1~11)

MEMOERS AMERICAN (NS'rI"rlJ'riEOF CERT;FIED PUBLICACCOUNTANTS SOCIETY OFLOUISIANA ~ RT~FIEO ~ Bs.sc ~t~OUNT~ T~

A C C O UN TA NTS'C O M PILA TIO N R EPO R T

To theBoard ofCom m issionersofth e South W ebsterParish IndustrialD istrict

W ehavecom piled theaccom panying generalpurposefin ancial statem entsofthe South W ebster

Parish

In

dus

trial D

istrict,as ofand

for th

e yearended

D

ecem

ber 31 ,

2002,in

accordance w

ith

Statem entson Stan dardsforA ccounting and Review Servicesissuedby theAm erican Instituteof

Certified PublicA ccoun tants.

A com pilation islim ited to presenting,in theform offin ancial statem entsinform ation thatisthe representation ofm anagem entoftheSouth W ebsterParish IndustrialD istrict.W ehavenotaudited orreviewed theaccom panying general-purposefinancial statem ents and,accordingly,w e do not expressan opinion oran y otherform ofassuran ceon th em .

M inden,LA M arch 21,2003

Affidavitand Revenue Certification

WEBSTER PARISH INDUSTRIAL DISTRICT

WEBSTER

Parish

MINDEN

(City),Louisiana

A NNUA L SW O RN FINA NCIA L STATEM ENTS A ND

CERTIFICATION OF REVENUES $50,000 OR LESS (ifapplicable)

ENTITY NA M E

(InCoamddpitleiotne,ifal~,~//a,';b'/ltex)'~-J~)~Jj~.p-rL~

,(name),who,dutysworn,deposesand

saysthatSouth Webster Parish Industrial Dist.(entityname)received$50,000

($200,000)orlessinrevenuesandothersourcesfortheyearended December 31

209Z

,

and

accordingly,is

notrequired

to

have

an

auditforthe

previously

m

entioned

year .

,

Signature

Swomtoandsubscrlbedbeforemethis~~dayof ~/I'~ ./A~ ,20.~ ,

Title A ddress

P .O . Box 819

No

appropriate,atthe othce ofthe pahsh clerkofcourt.

Release Date APR ~ g EOrJ3

2

GEN ERA L PU RPOSE FIN AN CIA L STA TEM EN TS

Statem entA

ASSETS Cash N otesreceivable Land Landimprovcm euts Buildings

Equipm ent

TotalA ssets

SOUTH W EBSTER PARISH IND U STRIAL DISTRICT

Com bined BalanceSheets-ALlFund TypesandA ccountGroups D ecem ber31,2002

(Unan dited)

Govem m an tal Fun d Typ e

G eneral

A ccoun t

G roup G eneral Fixed A ssets

Total

(M em oran dum Only

2002

95,256 104,904

554,061 1,128,387

439,030 5,215

95,256 104,904 554,061 1,128,387 439,030

5,215

84,521 131,059 554,061 1,128,387 439,030

5,215

$

200,160

2,126,693

2,326,853

LIABILITIESAND FUND EQUITY

Liablities:

A ceotm tspayable

$

Totalliabilities

3.162

3.162

3.162 3.162

Fund Equity: Investm entin general fixed assets Fun dBal an ces: Unreserved Totalfund equity

Total Liabilitiesan dFun dEquity

$

196,998 196,998

200,160

2,126,693 2,126,693

2,126,693

2,126,693 196,998

2,323,691

2,326,853

2,126,693

215,580 2,342,273

Theaccom pan yingnotesarean in tegral partofthesefinan cial statem ents.

Statem entB

SOU TH W EB STER PA RISH IN D U STRIAL D ISTRICT

Com bined Statem entsofRevenues,Expenditures,and Chan gesin Fund Balances AllG overnm entalFun d Types

FortheYearEndedDecem ber31,2002

(Unaudited)

REVE NUES Ad valorem taxes Interest M iscellan eous Totalrevenues

GO VERNM EN TA L FUN D

General

Total

(M emom dum Only)

2002

2001

7 7,738

I0 7.755

7 7,738

10 7.755

103 10,113

320

EXPEND IT URE S General an d adm inistrativeOficem an agem entfees Professional services In suran ce U tilities Par k D evelopm ent M iscellan eous

Totalexpenditures

15,200 921

9,227 197 750 42

26,337

15,200 921

9,227 197 750 42

15,000 6,944 9,030

223 991 67

Excess(deficiency)ofrevenues

over expenditures

FUND BALAN C ES A T BEG INN IN G O F Y EAR

(18,582)

215,580

FUN D BA LAN C ES A T END O F YEAR

Theaccom pan yingnotesarean integralpartofth esefin an cial statem ents.

5

Statem entC

SOUTH W EBSTER PARISH IN DU STRIA L DISTRICT

Combined Statem entsofRevenues,Expen ditures,andChanges

in FondBalance-Budget(CashBasis)an d Actual

A llGovernm en tal Fon d Types FortheY earEnded D ecem ber31,2002

(Unaudited)

REVENU ES A d valorem taxes PrincipalPaym ents Lease ofproperty Interest

Totalrevenues

G eneral Fon d A ctualon Budgetary

Bas is

V arian ce Favorable

(Unfavorable)

34,310

3,145 26,155

10 7,738

37,048

3,145

(7,145)

6,738 2,738

EXPEND ITU R ES Generalan d odrainlstrativeOfficem anagem entfees Professional services Park D evelopm en t Insurance U tilities M iscellan eous

Totalexpen di tures

15,000 2,000 1,000 9,000

300 I00

27,400

15,200 921 750

9,227 173 42

26,313

(200)

1,079 250

(227)

127 58

1,087

Excess (deficiency)ofrevenues

over expenditures

6,910

10,735

3,825

FUN D BA LAN CES A T BEG IN NIN G O F YEAR

84,521

84,521

FUND BALAN CES A T END O F Y EAR

$ 91,431

95,256

3,825

Theaccompan yingnotesarean in tegral partofthesefinancial statemen ts.

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