Comprehensive Annual Financial Report - St. Tammany Parish ...

The Parish adopts annual appropriated budgets, either operating or capital, for all of its
governmental funds. A budgetary comparison statement has been provided for all of
these funds to demonstrate compliance with those budgets.
The basic governmental fund financial statements can be found on pages 32-36 of this
report.
Proprietary funds. The Parish maintains two different types of proprietary funds.
Enterprise funds are used to report the same functions presented as business-type
activities in the government-wide financial statements. The Parish uses two enterprise
funds, one to account for management and operations of the St. Tammany Parish State
Complex; and one fund for water and sewer utility operations. Internal service funds are
an accounting device used to accumulate and allocate costs internally among the Parish’s
various functions. The Parish uses internal service funds to account for operations of
government buildings, public works administration, parish administration, archive
management, unemployment compensation, risk management insurance, health
insurance, post-employment health plan, post-employment leave benefits, and workers’
compensation insurance. Because all of these services predominantly benefit
governmental rather than business-type functions, they have been included within
governmental activities in the government-wide financial statements.
Proprietary funds provide the same type of information as the government-wide financial
statements, only in more detail. The proprietary fund financial statement provides
separate information for both the St. Tammany Parish State Complex and Utility
Operations. Conversely, all internal service funds are combined into a single, aggregated
presentation in the Proprietary Fund Financial Statements. Individual fund data for the
internal service funds is provided in the form of combining statements elsewhere in this
report.
The basic Proprietary Fund Financial Statements can be found on pages 37-41 of this
report.
Component units. As stated above, the Parish is financially accountable for thirty-five
component units, of which six are considered major component units. The component
unit financial statements provide separate information for all six major component units.
The twenty-nine non-major component units are presented in the aggregate. Individual
component unit data for the non-major component units is provided in the form of
combining statements elsewhere in this report. The basic component unit financial
statements can be found on pages 42-45 of this report.
Notes to the financial statements. The notes provide additional information that is
essential to a full understanding of the data provided in the government-wide and fund
financial statements. The notes to the financial statements can be found on pages 47-79
of this report.
Other information. In addition to the basic financial statements and accompanying
notes, this report also presents certain required supplementary information concerning St.
Tammany Parish. Budgetary comparisons for the general fund and major special revenue
17