Statement of Revenues, Expenses, and Changes in

c/369

ReleaseDate q 'l'O I-"~ .,

M OUNT

DISTRICT

Lincoln Parish,Louisiana

Asofand forthe YearEnded Decem ber31,2003 CO NTENTS

Statem entofRevenues,Expenses,and Changes in

A

3

B C

Accountant's Attestation Reporton Applying Agreed-Upon

12 13

~Aceogntlng Servlces

*Incom eTaxSarvices

~M anagem entAdvisoryServices

Telephone:(318)247-3006 ~ Fax(318)247-8010

2072M artinLutherKing,Jr.Ave. ~ P.O.Box 1213 * Gram bling,Louisiana71245

AmericanInstituteofCertifiedPublicAccountants ~ S~eietyofLouisiana CertifiedPublicAccountants

To theB oard ofCom m issioners M ountO live W aterw orksD istrict Lincoln Parish,Louisiana

1havecom piled the accom panying financialstatem entsan d supplem entalinform ation schedules ofthe M ountO live W aterw orks D istrict,as ofand for the year ended D ece m ber 3!,2003,in

accordance with standards established by Statementt~'StandardsforAccounting and Review

Servicesissued bytheAm erican InstituteofCertifiedPublicAccounta nts.

A com pilation is lim ited to presenting, in the form of finan cial statem ents and schedules, inform ation th at is the representat/on of m anagem ent. I have not audited or reviewed the accom panying financial sta tem en ts an d,accordingly,do not express an opinion or any other form ofas surance on them .

Asdescribed in the notesto the finan cialstatem ents,the M ountO live W aterworks Districthas adopted the provisions ofGovern m entalAccounting Sta ndards Boar d Sta tem entN o.34,B~z~ic

FinancialStatements and Management's Discuxsion and Analysis -/br Stale and Local

Governm ents,as ofD ecem ber31,2003. This results in a chan ge in form atand co ntentofthe basicfinancialsta tem entsfortheyear then ended.

M anagem enthas elected to om itM anagem ent'sD iscussion an d A nalysis,w hich issupplem enta l inform ation required by GASB. If the om itted inform ation were included in th e financial statem ents,they m ightinfluence the user's co nclusions aboutth e district's financialposition, results of its operations, an d cash flow s. Accordingly, these fina ncial statem ents are not designed forthosew ho ar enotinform ed abo utsuch m atters.

In accorda nce with the Louisiana Governm enlalAuditG uide an d tim provisions ofstate law ,I have issued a repo rt,datedJun e28,2004 on theresultsofouragre d-upon procedures.

June 28,2004

A ccounta nt

Gram bling,Louisian a

B A SIC FIN A N C IA L STA T E M E N T S

MO UNT O LIVE W ATERW O RKS DISTRICT Lincoln Parish,Louisiana

Statem entofNetAssets Decem ber31,2003

ASSETS

CurrentAssets: Cash and cash equivalents

Netreceivables TotalCurrentAssets

Non-currentAssets: Netcapitalassets TotalNon.curentAssets

TotalAssets

LIABILITIES:

CurrentLiabilities: Custom erdeposits

Payrollliabilities

Tet afCurren tLiabilities

Non-currantLiabilities: Notes payable Bonds payable TotalNon-currentLiab ilities

TotalLiabilities:

NET ASSETS:

Invested in CapitalAssets Unrestricted

TotalN etA ssets

TotalLiabilitiesand NetAs sets

$51,294 5,390

56,684

148,226

$204.910

$8,565

574 13g

12,278 67,819 80.097

$89,236

148,226

132,5~2)

115.674

$204,9t0

See accountant'scom pilation reportand notesto financialstatements.

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