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

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ST. TAMMANY PARISH GOVERNMENT Notes to the Financial Statements 2010 governmental funds. Budgetary data for the discretely presented component units are not presented in these financial statements except for Sub-Drainage District No. 1 of 3 and Recreation District No. 7. B. Excess of Expenditures over Appropriations The following individual fund of the primary government had actual expenditures over budgeted appropriations for the year ended December 31, 2010: Fund Original Budget Final Budget Actual Amount Negative Variance Grants – Community Action Agency (425) $ 0 $4,317,039 $4,339,900 ($22,861) The amount over budget in the Grants – Community Action Agency Fund is due to the accrual of expenditures after the final budget adjustment for Grants was prepared. The expenditures are budgeted based on the total Grant award. After the activity for the year is completed, the budget for the year is decreased by the amount that was not spent and the budget for the following year is increased by the same amount. In this instance, by the time the additional expenditures were identified, it was too late to change the budget for 2010 and only the budget for 2011 was changed. The following component units had actual expenditures over budgeted appropriations for the year ended December 31, 2010: Component Unit Original Budget Final Budget Actual Negative Variance Drainage District No. 2 $36,370 $36,370 $46,270 ($9,900) Drainage District No. 4 139,994 139,994` 565,631 (425,637) Fire Protection District No. 4 12,364,321 12,283,714 12,673,822 (390,108) Fire Protection District No. 7 541416, 517,724 525,553 (7,829) Fire Protection District No. 8 996,556 895,000 912,499 (17,499) Fire Protection District No. 9 589,002 719,113 722,061 (2,948) Fire Protection District No. 11 790,475 790,475 1,298,888 (508,413) Fire Protection District No. 12 6,037,000 5,644,515 6,161,228 (516,713) Recreation District No. 2 115,800 115,800 116,234 (434) Recreation District No. 6 98,756 98,756 102,181 (3,425) Recreation District No. 12 321,450 312,246 321,550 (9,304) C. Fund Deficits Component Units – One component unit is reporting a deficit in net assets. Sewerage District No. 4 is reporting a deficit in net assets of $123,531. IV. DETAILED NOTES ON ALL FUNDS A. Deposits and Investments At December 31, 2010, the Parish has cash and cash equivalents (book balances) totaling $62,007,892 as follows: Primary Government Non-Interest Bearing Demand Deposits $ 1,017,013 Interest-Bearing Demand Deposits 60,990,374 Other 505 Total $62,007,892 Under state law, these deposits (or the resulting bank balances) must be secured by federal deposit insurance or the pledge of securities owned by the fiscal agent bank. The market value of the pledged securities plus the federal deposit insurance must at all times equal the amount on deposit with the fiscal agent. These securities are held in the name of the pledging fiscal agent bank in a holding or custodial bank that is mutually acceptable to both parties. Custodial credit risk is the risk that in the event of a bank failure, the government’s deposits may not be returned to it. The Parish does not have a deposit policy for custodial credit risk. As of December 31, 2010, $63,880,043 of the primary 59
ST. TAMMANY PARISH GOVERNMENT Notes to the Financial Statements 2010 government’s bank balance of $64,127,278 was exposed to custodial credit risk by being uninsured and collateralized by securities held by the Federal Reserve Bank in the pledging bank’s name. As of December 31, 2010, the Parish had the following investments that are in an internal investment pool: Investment Maturity Date Fair Value Certificate of Deposit 01/12/11 $ 175,000 Certificate of Deposit 02/17/11 2,000,000 Certificate of Deposit 02/17/11 2,000,000 Federal Farm Credit Bank 02/01/11 3,011,400 Federal Farm Credit Bank 07/15/11 2,544,750 Federal Farm Credit Bank 01/17/12 2,032,600 Federal Farm Credit Bank 03/01/12 3,004,800 Federal Farm Credit Bank 02/19/13 3,025,800 Federal Farm Credit Bank 05/06/13 2,766,225 Federal Farm Credit Bank 01/21/14 3,003,600 Federal Farm Credit Bank 03/24/14 3,014,700 Federal Farm Credit Bank 04/07/14 3,018,000 Federal Farm Credit Bank 05/13/14 2,772,000 Federal Farm Credit Bank 12/01/14 2,989,500 Federal Home Loan Bank 01/21/11 3,002,100 Federal Home Loan Bank 01/21/11 1,501,050 Federal Home Loan Bank 02/28/11 3,504,900 Federal Home Loan Bank 06/10/11 3,067,500 Federal Home Loan Bank 08/19/11 4,128,000 Federal Home Loan Bank 09/09/11 2,047,200 Federal Home Loan Bank 11/15/11 2,598,000 Federal Home Loan Bank 02/15/12 2,616,750 Federal Home Loan Bank 04/16/12 2,709,597 Federal Home Loan Bank 05/30/12 3,024,900 Federal Home Loan Bank 06/08/12 3,626,047 Federal Home Loan Bank 07/27/12 2,967,668 Federal Home Loan Bank 08/22/12 3,005,400 Federal Home Loan Bank 09/14/12 2,147,200 Federal Home Loan Bank 10/30/12 3,055,200 Federal Home Loan Bank 12/14/12 3,240,600 Federal Home Loan Bank 04/19/13 3,016,200 Federal Home Loan Bank 06/14/13 2,135,200 Federal Home Loan Bank 08/19/13 2,031,200 Federal Home Loan Bank 08/19/13 4,570,200 Federal Home Loan Bank 09/13/13 2,082,400 Federal Home Loan Bank 10/18/13 2,672,461 Federal Home Loan Bank 11/27/13 2,764,677 Federal Home Loan Bank 01/27/14 2,469,500 Federal Home Loan Bank 05/29/14 2,636,751 Federal Home Loan Bank 06/13/14 2,070,600 Federal Home Loan Bank 11/10/14 2,958,300 Federal Home Loan Bank 10/28/15 3,868,800 Federal Home Loan Bank 11/24/15 2,406,250 Federal Home Loan Bank 12/22/15 2,985,300 Federal Home Loan Mortgage Corp. 04/08/13 2,012,400 Federal National Mortgage Assoc. 04/15/11 3,042,300 Federal National Mortgage Assoc. 10/15/11 3,109,800 Federal National Mortgage Assoc. 01/28/13 3,003,900 Federal National Mortgage Assoc. 07/29/13 2,352,209 Federal National Mortgage Assoc. 12/30/13 3,000,810 $136,789,745 60
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Comprehensive Annual Financial Repo
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ST. TAMMANY PARISH GOVERNMENT COMPR
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Schedule of Compensation Paid to Co
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St. Tammany Parish Department of Fi
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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 28 and 29: Expenses and Program Revenues - Gov
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: The details of this $2,123,937 diff
Page 89 and 90: ST. TAMMANY PARISH, LOUISIANA Sched
Page 96 and 97: NOTES TO REQUIRED SUPPLEMENTARY INF
Page 98: SCHEDULE 7 Public Safety Health and
Page 101 and 102: ST. TAMMANY PARISH, LOUISIANA Combi
Page 104 and 105: NON-MAJOR SPECIAL REVENUE FUNDS Spe
Page 106 and 107: NON-MAJOR SPECIAL REVENUE FUNDS (Co
Page 108 and 109: SCHEDULE 10 continued 020 Environme
Page 110 and 111: SCHEDULE 10 continued 164 Lighting
Page 112 and 113: SCHEDULE 10 continued 401 Grants -
Page 114 and 115: 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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161
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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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ST. TAMMANY PARISH, LOUISIANA Sched
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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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