06 I7 AH (0: 50
ST. LANDRY COMMUNITY SERVICES, INC.OPELOUSAS, LOUISIANAFINANCIAL STATEMENTS
FOR THE YEARS ENDED JUNE 30, 2006 AND 2005
i-'der provisions of state law, this report is a public;xcument Acopy of the report has been submitted toihe entity and other appropriate public officials. The: eport is available for public inspection at the BatonRouge office of the Legislative Auditor and, whereappropriate, at the office of the parish clerk of court.
TABLE OF CONTENTS
PAGE
Independent Auditor's Report 1
Statements of Financial Position 2
Statements of Activities - Unrestricted 3-4
Statements of Activities - Temporarily Restricted 5-6
Statements of Cash Flows 7-8
Notes to Financial Statements 9-12
RELATED REPORT
Report on Internal Control over Financial Reportingand on Compliance and other Matters Based on an Auditof Financial Statements Performed in Accordance withGovernment Auditing Standards 13
SUPPLEMENTARY INFORMATION
Schedule of Prior Year Findings 14
Chizal S. Fontenot, CPAJames L. Nicholson, Jr., CPAG. Kenneth Pavy, II, CPAMichael A. Roy, CPALisa Trouille Manuel, CPADana D. Quebedeaux, CPA
JOHN S. DOWLING & COMPANYA CORPORATION OF CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITOR'S REPORT
1
John S. Dowling, CPA1904-1984
John Newton Stout, CPA1936-2005
Retired
Harold Dupre, CPA1996
Dwight Ledoux, CPA1998
Joel Lanclos, Jr., CPA2003
Russell J. Stelly, CPA2005To the Board of Directors
St. Landry Community Services, Inc.Opelousas, Louisiana
We have audited the accompanying statements of financial position of St.Landry Community Services, Inc., a nonprofit corporation, as of June 30, 2006and 2005, and the related statements of activities and cash flows for theyears then ended. These financial statements are the responsibility of St.Landry Community Services, Inc.'s management. Our responsibility is toexpress an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generallyaccepted in the United States of America and the standards applicable tofinancial audits contained in Government Auditing Standards, issued by theComptroller General of the United States. Those standards require that weplan and perform the audit to obtain reasonable assurance about whether thefinancial statements are free of material misstatement. An audit includesexamining, on a test basis, evidence supporting the amounts and disclosuresin the financial statements. An audit also includes assessing the accountingprinciples used and significant estimates made by management, as well asevaluating the overall financial statement presentation. We believe that ouraudits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, inall material respects, the financial position of St. Landry CommunityServices, Inc., as of June 30, 2006 and 2005, and the changes in its netassets and its cash flows for the years then ended in conformity withaccounting principles generally accepted in the United States of America.
In accordance with Government Auditing Standards, we have also issued ourreport dated October 6, 2006 on our consideration of the St. Landry CommunityServices, Inc's internal control over financial reporting and on our tests ofits compliance with certain provisions of laws, regulations, contracts andgrant agreements and other matters. The purpose of that report is todescribe the scope of our testing of internal control over financialreporting and compliance and the results of that testing, and not to providean opinion on the internal control over financial reporting or on compliance.That report is an integral part of an audit performed in accordance withGovernment Auditing Standards and should be considered in assessing theresults of our audits.
Our audits were conducted for the purpose of forming an opinion on thefinancial statements of St. Landry Community Services, Inc. taken as a whole.The schedule listed in the table of contents is presented for purposes ofadditional analysis and is not a required part of the basic financialstatements. Such information has been subjected to the auditing proceduresapplied in the audits of the basic financial statements and, in our opinion,is fairly presented, in all material respects, in relation to the basicfinancial statements taken as a whole.
Opelousas, LouisianaOctober 6, 2006
P. O. Box 1549 47661-49 North Service Road Opelousas, Louisiana 70571-1549 Telephone 337-948-4848 Telefax 337-948-6109
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ST. LANDRY COMMUNITY SERVICES, INC.OPELOUSAS, LOUISIANA
STATEMENTS OF ACTIVITIES - UNRESTRICTEDFOR THE YEARS ENDED JUNE 30, 2006 AND 2Q05
2006 2005
REVENUES AND OTHER SUPPORTState grantsGovernor's Office of Urban Affairs andDevelopmentLouisiana Department of Education
Interest incomeDonationsState appropriation revenuePax TV revenueMiscellaneous
Total revenues and other support
EXPENSES
AdministrativePersonnel - salariesPersonnel - fringe benefitsTelephone and postageRent, utilities, and janitorial serviceInternetDonation expensesState appropriation expenseAuditOffice suppliesDepreciationTravelEquipment rental and repairBank chargesMiscellaneous
Total administrative
Direct ServicesPalmetto VISTA mini-grantChrist the King Church -Black History Museum mini-grant
St. Marks Methodist WomenWashington Elementary School mini-grantFr. Pierre Lebeau Community CenterSouthern Development FoundationSunset ElementaryProject Home GrownNorthwest High School
$18,891
27619,7227,787
25946,935
29,6402,8161,5186,126671
19,7227,787
2086,613
67195
75,363
$160,000170,0001,530500
4,000749
336,779
49,0164,7371,5072,350
2,8001,1656,0956044639
1,85370,599
1,000
1,000750
1,0003,0001,0001,0002,5001,500
Continued on next page.
The accompanying notes are an integral part of these financial statements.
ST. LANDRY COMMUNITY SERVICES, INC.OPELOUSAS, LOUISIANA
STATEMENTS OF ACTIVITIES - UNRESTRICTED - CONTINUEDFOR THE YEARS ENDED JUNE 30, 2006 AND 2005
2006
EXPENSES - Continued
Direct Services - ContinuedNorth Central HighThensted Outreach CenterCommunity Family Life CenterSave Our Sons and DaughtersGrand Coteau ElementaryPlaisance ElementaryProject P.A.S.S.VITASt. Landry Sexual AssaultSLCS Music IntelligenceYouth Group Field TripSouthwest Primary HealthcareBack to School ExpenseCCAH African AmericansKeystone Lodge #196I.C.O.N.S.Casa of AcadianaOpelousas Developmental CenterLiving Waters Community DevelopmentHoly Ghost DinerFaith HouseWomen of DestinyAcadiana Legal ServicesDaughters of Destiny MinistriesKiddie Korral
Total direct services
Nonprogram Costs
Total expenses
DEFICIENCY OF REVENUES UNDER EXPENSES
OTHER INCREASES (DECREASES)Transfer from Project BartTransfer from/to Credit UnionTransfer from restricted assets
Total other increases (decreases]
Change in Net Assets
NET ASSETS, beginning of year
NET ASSETS, end of year
$5,6023,092
8,694
5
84,062
(37,127)
1,318
1,318
(35,809)
33,077
2005
$1,5003,0007,5002, 0001,0001,000
170,0007,5007,5006,1406,5003,0007,1766,0001,5007,5005,0003,0003,0003,5007,5005,0006,0001,0001,750
287,316
357,920
(21,141)
35,61513,3362,820
51,771
30,630
2,447
33,077
The accompanying notes are an integral part of these financial statements.
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ST. LANDRY COMMUNITY SERVICES, INC.OPELOUSAS, LOUISIANA
NOTES TO FINANCIAL STATEMENTSJUNE 30, 2006 AND 20Q5
NOTE (1) - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. NATURE OF ACTIVITIES
St. Landry Community Services, Inc. is a nonprofit corporation whose primary purposeis to encourage the formation and maintenance of two-parent families through theprovision of supervised, structured out-of-school activities for students to reduceout of wedlock births. The program provides homework assistance to approximately onehundred fifty students ages nine through fourteen. St. Landry Community Services,Inc. also sponsors after school church-based tutorial programs and supportsworthwhile eligible community programs. Support for St. Landry Community Services,Inc. comes primarily from the Governor's Office of Urban Affairs and Development ofthe State of Louisiana and the Save Our Sons and Daughters Program through theLouisiana Department of Education.
B. BASIS OF ACCOUNTING
The financial statements of St. Landry Community Services, Inc., have been preparedon the accrual basis of accounting. Revenues are recognized when earned and expensesare recognized when incurred.
Purchases of operating supplies are regarded as expenditures at the time purchasedand inventories of such supplies (if any) are not recorded as assets at the close ofthe fiscal year, unless material.
C. PROPERTY AND EQUIPMENT
Fixed assets are recorded at cost. Donated assets are recorded at fair market value.Such donated assets are reported as unrestricted support unless the donor hasrestricted the donated asset to a specific purpose. Depreciation is computed usingthe straight-line method based on the estimated useful life of each asset. Averagelives for video libraries, and office furniture and equipment are estimated to be 5-7years. Maintenance and repairs are charged to operations when incurred.
D. ESTIMATES
The preparation of financial statements in conformity with generally acceptedaccounting principles requires management to make estimates and assumptions thataffect certain reported amounts and disclosures. Accordingly, actual results coulddiffer from those estimates.
E. INCOME TAXES
St. Landry Community Services, Inc. is a nonprofit corporation exempt from incometaxes under the Internal Revenue Code Section 501 (c) (4) and similar provisions of theState Code. Therefore, no provision for income taxes has been made.
10ST. LANDRY COMMUNITY SERVICES, INC.
OPELOUSAS, LOUISIANANOTES TO FINANCIAL STATEMENTS
JUNE 30, 2006 AND 2005
NOTE (1) - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
F. BUDGET ACCOUNTING
St. Landry Community Services, Inc., prepares a budget on the cash basis which isapproved by the funding agency.
G. STATEMENTS OF CASH FLOWS
For purposes of reporting the statements of cash flows, all highly liquid investmentswith a maturity of three months or less are considered to be cash equivalents.
H. COMPENSATED ABSENCES
Annual leave of fifteen (15) working days with pay is granted to the Coordinator andten (10) working days with pay to the Secretary/Receptionist. Annual leave for allemployees is required to be used by December of each year. There is no carry-over ofannual leave.
All employees are entitled to a maximum of ten (10) days absences per year for sickleave. Any unused days shall be accumulated up to twenty (20) days a year.Employees are not paid for accumulated sick leave.
I. CONTRIBUTIONS
In accordance with SFAS NO. 117, contributions received are recorded as unrestricted,temporarily restricted, or permanently restricted support depending on the existenceor nature of any donor restrictions.
J. MEMORANDUM ONLY - TOTAL COLUMNS
Total columns on the accompanying statement of financial position are captioned"Memorandum Only" to indicate that they are presented only to facilitate financialanalysis. Data in these columns do not present financial position, results ofoperations, or cash flows in conformity with generally accepted accountingprinciples. Neither is such data comparable to a consolidation. Interfundeliminations have not been made in the aggregation of this data.
NOTE (2) - CASH
The book value of cash and cash equivalents for June 30, 2006 and 2005 consist of thefollowing:
2006 20Q5
Cash in noninterest-bearing account $8,607 $10,761Cash in interest-bearing accounts 200,910 205,236
209.517 215.997
St. Landry Community Services, Inc.'s cash is fully secured by federal depositoryinsurance.
11ST. LANDRY COMMUNITY SERVICES, INC.
OPELOUSAS, LOUISIANANOTES TO FINANCIAL STATEMENTS
JUNE 30, 2006 AND 2005
NOTE (3) - RETIREMENT PLAN
Employees of St. Landry Community Services, Inc. are on the Social SecurityRetirement System.
NOTE (4) - OFFICE FURNITURE AND EQUIPMENT
The following is a summary of office furniture and equipment at June 30, 2006 and2005:
TEMPORARILY RESTRICTEDSAVE OUR SONS
UNRESTRICTED AND DAUGHTERS2006 2005 2006 2005
Books $9,234Video library $6,007 $6,007 22,484 $17,706Office furniture and equipment -at cost or fair market value 41,857 41,857 34,659 34,659
Accumulated depreciation (29,182) (22,569) (31,954) (19,418)
Net 18,682 25,295 34,423 32,947
Depreciation expense $6.613 $6,095 $12,536 $10,404
The cost of office furniture and equipment at June 30, 2006 and 2005 includes acopier donated to St. Landry Community Services, Inc. in a prior year with a fairmarket value of $2,400.
NOTE (5) - NONPROGRAM COSTS
The nonprogram costs at June 30, 2006 and 2005 consist of the following:
2006 2005
Filing fees $j> $J5
5 1
NOTE (6) - TEMPORARILY RESTRICTED NET ASSETS
During the current fiscal year, St. Landry Community Services, Inc. received a grantthrough the Federal program called "Temporary Assistance for Needy Families" (TANF),CFDA #93.558. The objective of the Community Services program is to provide homeworkassistance and after school tutoring to students of ages nine through fourteen. Thegrant is reimbursed to St. Landry Community Services, Inc. based on the number ofstudents and contact hours submitted. Money accumulated for the Credit Union alsoremains temporarily restricted as of June 30, 2006.
NOTE (7) - CONCENTRATIONS OF CREDIT RISK
Credit risk for revenue is concentrated as well because of the volume of businesstransacted with a particular grantor.
12ST. LANDRY COMMUNITY SERVICES, INC.
OPELOUSAS, LOUISIANANOTES TO FINANCIAL STATEMENTS
JUNE 30, 2006 AND 2005
NOTE (8) -CREDIT UNION FUNDS
St. Landry Community Services, Inc. was granted permission from the State ofLouisiana, Office of the Commissioner, Division of Administration to reallocate theCredit Union funds. Approval was granted since the proposal met the intent of theoriginal agreement "to provide education and financial literacy network todisseminate and exchange financial information and ideas which will strengthen andhelp members help themselves."
Chizal S. Fontenot, CPAJames L. Nicholson, Jr., CPAG. Kenneth Pavy, II, CPAMichael A. Roy, CPALisa Trouille Manuel, CPADana D. Quebedeaux, CPA
13
JOHN S. DOWLING & COMPANYA CORPORATION OF CERTIFIED PUBLIC ACCOUNTANTS
John S. Dowling, CPA1904-1984
John Newton Stout, CPA1936-2005
Retired
Harold Dupre, CPA1996
Dwight Ledoux, CPA1998
Joel Lanclos, Jr., CPA2003
REPORT ON INTERNAL CONTROL OVER FINANCIAL Russell J. Stelly, CPAREPORTING AND ON COMPLIANCE AND OTHER MATTERS 2005
BASED ON AN AUDIT OF FINANCIAL STATEMENTSPERFORMED IN ACCORDANCE WITH GOVERNMENT
AUDITING STANDARDS
To the Board of DirectorsSt. Landry Community Services, Inc.
Opelousas, Louisiana
We have audited the financial statements of St. Landry Community Services, Inc., anonprofit organization, as of and for the year ended June 30, 2006, and have issuedour report thereon dated October 6, 2006. We conducted our audit in accordance withauditing standards generally accepted in the United States of America and thestandards applicable to financial audits contained in Government Auditing Standards,issued by the Comptroller General of the United States.
Internal Control Over Financial Reporting
In planning and performing our audit, we considered St. Landry Community Services,Inc.'s internal control over financial reporting in order to determine our auditingprocedures for the purpose of expressing our opinion on the financial statements andnot to provide an opinion on the internal control over financial reporting. Ourconsideration of the internal control over financial reporting would not necessarilydisclose all matters in the internal control that might be material weaknesses. Amaterial weakness is a reportable condition in which the design or operation of oneor more of the internal control components does not reduce to a relatively low levelthe risk that misstatements caused by error or fraud in amounts that would bematerial in relation to the financial statements being audited may occur and not bedetected within a timely period by employees in the normal course of performing theirassigned functions. We noted no matters involving the internal control overfinancial reporting and its operation that we consider to be material weaknesses.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether St. Landry CommunityServices, Inc.'s financial statements are free of material misstatement, we performedtests of its compliance with certain provisions of laws, regulations, contracts, andgrant agreements, noncompliance with which could have a direct and material effect onthe determination of financial statement amounts. However, providing an opinion oncompliance with those provisions was not an objective of our audit and, accordingly,we do not express such an opinion. The results of our tests disclosed no instancesof noncompliance that are required to be reported under Government AuditingStandards.
This report is intended solely for the information and use of the Board of Directors,management and the Governor's Office of Urban Affairs and Development of the State ofLouisiana and is not intended to be and should not be used by anyone other than thesespecified parties. Under Louisiana Revised Statute 24:513, this report isdistributed by the Legislative Auditor as a public document.
-&.DOpelousas, LouisianaOctober 6, 2006
P. O. Box 1549 47661-49 North Service Road Opelousas, Louisiana 70571-1549 Telephone 337-948-4848 Telefax 337-948-6109
14ST. LANDRY COMMUNITY SERVICES, INC.
OPELOUSA5, LOUISIANASCHEDULE OF PRIOR YEAR FINDINGSFOR THE YEAR ENDED JUNE 30, 2006
Section I - Internal Control and Compliance Material to the Financial Statements
N/A
Section II - Internal Control and Compliance Material to Federal Awards
N/A
Section III - Management Letter
N/A