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

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Expenses and Program Revenues - Governmental Activities 45,000,000 40,000,000 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 General Government P ubl ic Safety Hi ghways and Streets Sanitation Health and welfare Culture and recreation Econom ic development Interest on long-term debt Expenses Program revenues Revenue by Source - Governmental Activities 0% 2% 2% 11% 15% Fees for services Operating grants and contributions Capital grants and contribution Property tax - general purpose 39% Pr operty tax - special purpose 10% Sales and use tax - dedicated Other tax 3% Investment earnings 18% Other Financial Analysis of the Government’s Funds As noted earlier, St. Tammany Parish uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. 21
Governmental funds. The focus of St. Tammany Parish’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the Parish’s financing requirements. In particular, the unreserved fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. At the end of the current fiscal year, the Parish’s governmental funds reported combined ending fund balances of $187,758,432, a decrease of $15,746,738 in comparison with the prior year. Approximately eighty-four percent of this total amount, or $157,464,472, constitutes unreserved fund balance, which is available for spending at the Parish’s discretion subject to requirements of the individual funds. The remainder of the fund balance is reserved to indicate that it is not available for new spending because it has already been committed as follows: (1) to liquidate contracts and purchase orders of the prior period $19,276,855, (2) to pay debt service $6,419,484, (3) for the retirement of bonds amounting to $4,586,120, or 4) for prepaid items amounting to $11,501. The General Fund is the chief operating fund of St. Tammany Parish. At the end of the current fiscal year, unreserved fund balance of the General Fund was $5,996,774. As a measure of the General Fund’s liquidity, it may be useful to compare the unreserved fund balance to total fund expenditures. The Parish’s policy on the fund balance required in the General Fund is to keep a minimum fund balance of 30% of total General Fund expenditures. The Parish continues to stay within its guidelines. The unreserved fund balance represents 45% of total General Fund expenditures. The fund balance of the Parish’s General Fund decreased by $719,566, or 11%. Revenues decreased by 5%, while expenditures decreased by 1.5%. Occupational licenses revenue decreased by 10%. Residential building permits increased slightly, but not enough to offset the decrease in commercial building permits causing an overall decrease in permit revenue of 19%. The change in fund balance in the St. Tammany Parish Library Fund, the St. Tammany Parish Coroner Fund, and the STARC/Council on Aging Fund is due to the way the Parish accounts for the tax levied by the Parish and passed on to these agencies. In 2008, the Parish began recognizing all taxes it levies as revenue in the period for which it was earned. In 2009, the Parish recorded expenditures in the amount actually remitted to the agencies for the revenue recognized in 2008. Upon further evaluation, the Parish has determined that the financial position of the Parish is better stated by accruing the expenditures that are related to the revenue recorded in any given year. In this first year of implementing this change, this causes the fund balance to decrease to zero in all of the above stated funds. In subsequent years, the fund balance will remain zero thereby recording no change to fund balance. The change in fund balance in the Parish Road Maintenance Fund and the Justice Complex Fund is due to decrease in expenditures. As sales tax revenue has decreased, each department that is funded by sales tax has become extremely vigilant in their efforts to control costs. Only absolutely necessary capital items are being purchased until the 22
Page 1 and 2: Comprehensive Annual Financial Repo
Page 4 and 5: ST. TAMMANY PARISH GOVERNMENT COMPR
Page 6: Schedule of Compensation Paid to Co
Page 10 and 11: St. Tammany Parish Department of Fi
Page 12 and 13: months of 2010. This increase was n
Page 15 and 16: ST. TAMMANY PARISH EXECUTIVE BRANCH
Page 17 and 18: ST. TAMMANY PARISH GOVERNMENT PRINC
Page 20 and 21: LAPORTE SEHRT ROMIG HAND CERTIfiED
Page 22 and 23: Management’s Discussion and Analy
Page 24 and 25: The Parish adopts annual appropriat
Page 26 and 27: At the end of the current fiscal ye
Page 30 and 31: sales tax revenue stabilizes so tha
Page 32 and 33: Additional information on St. Tamma
Page 34: BASIC FINANCIAL STATEMENTS 27
Page 37 and 38: ST. TAMMANY PARISH, LOUISIANA State
Page 39 and 40: ST. TAMMANY PARISH, LOUISIANA Balan
Page 41 and 42: ST. TAMMANY PARISH, LOUISIANA State
Page 43 and 44: ST. TAMMANY PARISH, LOUISIANA Recon
Page 45: STATEMENT G ST. TAMMANY PARISH, LOU
Page 48 and 49: SCHEDULE H (continued) ST. TAMMANY
Page 50 and 51: STATEMENT I Recreation District No.
Page 52: STATEMENT J Fire Protection Distric
Page 55 and 56: ST. TAMMANY PARISH GOVERNMENT Notes
Page 65 and 66: The details of this $2,123,937 diff
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ST. TAMMANY PARISH GOVERNMENT Notes
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ST. TAMMANY PARISH, LOUISIANA Sched
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NOTES TO REQUIRED SUPPLEMENTARY INF
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SCHEDULE 7 Public Safety Health and
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ST. TAMMANY PARISH, LOUISIANA Combi
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NON-MAJOR SPECIAL REVENUE FUNDS Spe
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NON-MAJOR SPECIAL REVENUE FUNDS (Co
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SCHEDULE 10 continued 020 Environme
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SCHEDULE 10 continued 164 Lighting
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SCHEDULE 10 continued 401 Grants -
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SCHEDULE 10 continued 440 Grants -
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SCHEDULE 11 continued Final Budget
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SCHEDULE 11 continued 166 167 169 L
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SCHEDULE 11 continued 402 403 404 G
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SCHEDULE 11 continued 416 418 420 G
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NON-MAJOR DEBT SERVICE FUNDS Debt S
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SCHEDULE 12 237 Justice Complex Deb
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SCHEDULE 13 continued 249 Total Non
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NON-MAJOR CAPITAL PROJECTS FUNDS Ca
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NON-MAJOR CAPITAL PROJECTS FUNDS (C
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SCHEDULE 14 continued 305 Capital S
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SCHEDULE 14 continued 320 GIS Capit
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SCHEDULE 14 continued 333 Parish Li
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SCHEDULE 15 continued ST. TAMMANY P
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SCHEDULE 15 continued 305 306 307 C
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SCHEDULE 15 continued 324 325 326 D
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INTERNAL SERVICE FUNDS Internal Ser
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SCHEDULE 16 continued 520 St. Tamma
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SCHEDULE 16 continued 587 Post Empl
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NON-MAJOR COMPONENT UNITS 175
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SCHEDULE 19 continued Fire Protecti
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SCHEDULE 19 continued Recreation Di
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SCHEDULE 19 continued Sub-Drainage
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SCHEDULE 20 continued Drainage Dist
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SCHEDULE 20 continued Net (Expenses
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SCHEDULE 20 continued Gravity Drain
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BUDGETARY COMPARISONS 189
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OTHER SUPPLEMENTARY INFORMATION 193
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SCHEDULE 24 ST. TAMMANY PARISH, LOU
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SCHEDULE 25 335 TOTAL Sub-Drainage
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ST. TAMMANY PARISH GOVERNMENT Capit
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ST. TAMMANY PARISH, LOUISIANA Detai
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ST. TAMMANY PARISH, LOUISIANA Debt
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ST. TAMMANY PARISH, LOUISIANA Debt
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STATISTICAL SECTION (UNAUDITED) Thi
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TABLE 1 2007 2006 2005 2004 2003 $
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General Revenues and Other Changes
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TABLE 3 Fiscal Year 2006 2005 2004
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TABLE 4 Fiscal Year 2007 2006 2005
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ST. TAMMANY PARISH, LOUISIANA TAX R
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ST. TAMMANY PARISH, LOUISIANA PRINC
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ST. TAMMANY PARISH, LOUISIANA DIREC
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ST. TAMMANY PARISH GOVERNMENT, LOUI
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ST. TAMMANY PARISH, LOUISIANA RATIO
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ST. TAMMANY PARISH GOVERNMENT TABLE
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ST. TAMMANY PARISH, GOVERNMENT DEMO
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TABLE 18 ST. TAMMANY PARISH, LOUISI
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TABLE 19 2006 2005 2004 2003 2002 2
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SINGLE AUDIT SECTION 251
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LAPORTE SEHRT ROMIG HAND CERTIFlED
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LAPORTE SEHRT ROMIG HAND CERTIFIED
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ST. TAMMANY PARISH, LOUISIANA SCHED
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ST. TAMMANY PARISH, LOUISIANA SCHED
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(Accrued) Unearned (Accrued) Unearn
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St. Tammany Parish Department of Fi
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Comprehensive Annual Financial Report - St. Tammany Parish ...

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