City of Oakdale Audit

CITY OF OAKDALE, LOUISIANA
ANNUAL FINANCIAL REPORT

AND INDEPENDENT AUDITORS' REPORT
YEAR ENDED JUNE 30, 2015
Royce T. Scimemi, CPAy AFAC

Oberlin, LA
TABLE OF CONTENTS
Pages
MANAGEMENT'S DISCUSSION AND ANALYSIS (Unaudited)
3-12
INDEPENDENT AUDITORS' REPORT
13-14
BASIC FINANCIAL STATEMENTS:

GOVERNMENT-WIDE FINANCIAL STATEMENTS (GWFS)
Statement of Net Position
Statement of Activities
17
18
FUND FINANCIAL STATEMENTS (FFS)

Balance Sheet - Governmental Funds
Reconciliation of Governmental Funds Balance Sheet to Statement
of Net Position
Statement of Revenues, Expenditures and Changes
in Fund Balance - Governmental Funds
Reconciliation of Governmental Statement of Revenues, Expenditures and
Changes in Fund Balance with Statement of Activities
Statement of Net Position - Proprietary Fund
Statement of Revenues, Expenses and Changes in
Net Position - Proprietary Fund
Statement of Cash Flows - Proprietary Fund
26
27-28
NOTES TO BASIC FINANCIAL STATEMENTS
29-49
21
22
23
24
25
REQUIRED SUPPLEMENTARY INFORMATION

Budgetary Comparison Schedules:
General Fund
Sales Tax Special Revenue Fund
Gaming Special Revenue Fund
Fire Department Special Revenue Fund
Schedules of City's Proportionate Share of Net Pension Liabilities
Schedules of City's Pension Plan Contributions
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
51-54
55
56
57
58-60
61-63
64
OTHER SUPPLEMENTARY INFORMATION

Statement of Operating Expenses by Department-Proprietary Fund
Schedule of Number of Utility Customers (Unaudited)
Schedule of Insurance in Force
Schedule of Compensation Paid to Mayor and Council Members (Unaudited)
Schedule of Compensation, Benefits and Other Payments to Chief Executive Officer
66
67
68
69
70
INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL OVER FINANCIAL

REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN
AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS
71-72
SCHEDULE OF FINDINGS AND RESPONSES
73-74
MANAGEMENT'S CORRECTIVE ACTION PLAN FOR CURRENT YEAR AUDIT FINDINGS

AND RESPONSES (UNAUDITED)
75
SUMMARY SCHEDULE OF PRIOR YEAR AUDIT FINDINGS
76

Management's Discussion and Analysis
Within this section of the City of Oakdale, Louisiana's annual financial report, the City's management is pleased
to provide this narrative discussion and analysis of the financial activities of the City for the fiscal year ended June
30, 2015. The City's financial performance is discussed and analyzed within the context of the accompanying
financial statements and disclosures following this section.
FINANCIAL HIGHLIGHTS
The City's assets exceeded its liabilities by $5,888,630 (net position) for the fiscal year reported.
Total revenues of $4,596,127 exceeded its total expenses of $4,432,373 which resulted in a current year
surplus of $163,754. In comparison, for the previous year ended June 30, 2014, the City's total revenues
of $4,530,382 exceeded its total expenses of $4,351,237, yielding a surplus of $179,145.
Total net position are comprised of the following:

(1) Capital assets, net of related debt, of $8,070,355 include property and equipment, net of accumulated
depreciation, and reduced for outstanding debt related to the purchase or construction of capital
assets. In comparison, as of June 30, 2014, the City's net capital assets were $8,314,768.
(2) Forthefiscalyearsended June 30,2015 and 2014, respectively, net position of $179,819 and $8,081
were restricted by constraints imposed from outside the City such as debt covenants, grantors, laws,
or regulations.
(3) Unrestricted net position, representing the portion of net position available to maintain the City's
continuing obligations to citizens and creditors, amounted to deficits of $2,361,544 and $23,368 for
the fiscal years ended June 30, 2015 and 2014, respectively.
The City's governmental funds reported total deficit ending fund balance of $152,308 this year. This
compares to the prior year ending deficit fund balance of $415,527 reflecting a deficit reduction of
$263,219 during the current year. For the prior year ended June 30, 2014, an increase of $213,256 was
reported in the total ending fund balance. All positive fund balances are assigned or restricted to
particular uses.
At the end of the current fiscal year, unassigned fund balance for the General Fund was a deficit of
$586,802, or (22%) of total General Fund expenditures and (21%) of total General Fund revenues
including other financing sources. In comparison, for the fiscal year ended June 30, 2014, unassigned
fund balance for the General Fund was a deficit of $672,472, or (22%) of total General Fund expenditures
and (21%) of total General Fund revenues including other financing sources.
Overall, the City improved on a weak financial position and is continuing to work to improve on this
financial position.

Management's Discussion and Analysis (Continued)
The above financial highlights are explained in more detail in the "financial analysis" section of this document.
OVERVIEW OF FINANCIAL STATEMENTS
This Management's Discussion and Analysis document introduces the City's basic financial statements, which
include: (1) government-wide financial statements, (2) fund financial statements, and (3) notes to the basic
financial statements. The City also includes in this report additional information to supplement the basic financial
statements. Comparative data is presented when available.
GOVERNMENT-WIDE FINANCIAL STATEMENTS
The City's annual report includes two government-wide financial statements. These statements provide both
long-term and short-term information about the City's overall financial status. Financial reporting at this level uses
a perspective similar to that found in the private sector with its basis in accrual accounting and elimination or
reclassification of activities between funds.
The first of these government-wide statements is the Statement of Net Position. This is the government-wide
statement of position presenting information that includes all of the City's assets and liabilities, with the difference
reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of
whether the financial position of the City as a whole is improving or deteriorating. Evaluation of the overall health
of the City would extend to other non-financial factors such as diversification of the taxpayer base, or the condition
of City infrastructure in addition to the financial information provided in this report.
The second government-wide statement is the Statement of Activities, which reports how the City's net position
changed during the current fiscal year. All current year revenues and expenses are included regardless of when
cash is received or paid. An important purpose of the design of the statement of activities is to show the financial
reliance of the City's distinct activities or functions on revenues provided by the City's taxpayers.
Both government-wide financial statements distinguish governmental activities of the City that are principally
supported by sales and ad valorem taxes from business-type activities that are intended to recover all or a
significant portion of their costs through user fees and charges. Governmental activities principally include general
government, public safety and streets. Business-type activities include the water and sewer systems.
The government-wide financial statements are presented on pages 17 and 18 of this report.
FUND FINANCIAL STATEMENTS
A fund is an accountability unit used to maintain control over resources segregated for specific activities or
objectives. The City uses funds to ensure and demonstrate compliance with finance-related laws and regulations.
Within the basic financial statements, fund financial statements focus on the City's most significant funds rather
than the City as a whole. Major funds are separately reported while all others are combined into a single,
aggregated presentation. There is no individual fund data for non-major funds to be reported in any combining
statements.

The City has two kinds of funds:
Governmental funds are reported in the fund financial statements and encompass the same functions reported
as governmental activities in the government-wide financial statements. However, the focus is very different with
fund statements providing a distinctive view of the City's governmental funds. These statements report short-term
fiscal accountability focusing on the use of spendable resources and balances of spendable resources available
at the end of the year. They are useful in evaluating annual financing requirements of governmental programs
and the commitment of spendable resources for the near-term.
Since the government-wide focus includes the long-term view, comparisons between these two perspectives may
provide insight into the long-term impact of short-term financing decisions. Both the governmental fund balance
sheet and the governmental fund operating statement provide a reconciliation to assist in understanding the
differences between these two perspectives.
The basic governmental fund financial statements are presented on pages 21 through 24 of this report.
Proprietary funds are reported in the fund financial statements and generally report services for which the City
charges customers a fee. The City proprietary fund is classified as an enterprise fund. This enterprise fund
essentially encompasses the same functions reported as business-type activities in the government-wide
statements.
The basic enterprise fund financial statements are presented on pages 25 through 28 of this report.
NOTES TO THE BASIC FINANCIAL STATEMENTS
The accompanying notes to the basic financial statements provide information essential to a full understanding of
the government-wide and fund financial statements. The notes to the basic financial statements begin on page
29 of this report.
OTHER INFORMATION
In addition to the basic financial statements and accompanying notes, this report also presents certain required
supplementary information concerning the City's budget presentations. The management's discussion and
analysis on pages 3 through 12, the budgetary comparison statements on pages 51 through 57, and the schedule
of the City's proportionate share of net pension liability for the Municipal Police Employee Retirement System
(MPERS), Municipal Employee Retirement System (MERS), and Firefighters Retirement System of Louisiana
(FRS) and related schedule of pension plan contributions are included at pages 58 through 63 as "required
supplementary information" for the general fund and the major special revenue funds. These statements and
schedules demonstrate compliance with the City's adopted and final revised budgets.
As discussed, the City reports major funds in the basic financial statements. The other supplementary information
including the proprietary fund's statement of operating expenses by department, the schedule of number of utility
customers, the schedule of insurance in force, and the schedule of compensation paid to the Mayor and Council
members, and the schedule of compensation, benefits and other payments to the chief executive officer are
presented in a subsequent section of this report beginning on page 66.

FINANCIAL ANALYSIS OF THE CITY AS A WHOLE
The City's net position at fiscal year-end are $5,888,630. The following table provides a summary of the City's
net position:
Summary of Net Position
Governmental
Activities
Business-Type
Activities
2015
Total
2014
Total
Percentage
Total
Assets:
Current assets
595,852
260,875
856,727
6%
884,652
169,442
4.294.666
83,477
7.889.992
252,919
12.184.658
2
92
78,976
12.622.523
5.059.960
8.234.344
13.294.304
100%
13.586.151
Deferred outflows of
resources
548.603
548.603
100%
Liabilities:
Current liabilities
Long-term liabilities
1,256,429
3.116.487
216,724
2.638.100
1,473,153
5.754.587
20%
80
1,355,356
3.931.314
Total liabilities
4.372.916
2.854.824
7.227.740
100%
5.286.670
726.537
100%
Restricted assets
Capital assets
Total assets
Deferred inflows of
resources
726.537
Net Position:
Investment in capital
assets, net of debt
Restricted
Unrestricted
- Total net position
2,897,728
169,442
(2.558.060)
$
509.110
5,172,627
10,377
196.516
8,070,355
179,819
(2.361.544)
$ 5.888.630
137%
3
(40)%
m.%
8,314,768
8,081
(23.368)
$ 8.299.481
The City continues to maintain weak current ratios. The current ratio compares current assets to current liabilities
and is an indication of the ability to pay current obligations. The current ratio is 0.47 to 1 for governmental activities
and 1.2 to 1 for business-type activities. This compares with the prior year's ratios of 0.48 to 1 and 1.87 to 1,
respectively. For the City overall, the current ratio is 0.58 to 1 while that same financial indicator was 0.65 to 1 for
the fiscal year ended June 30, 2014. These ratios are improving but still weak.
The City reported positive balances in net position for both governmental and business-type activities. For the
fiscal years ended June 30, 2015 and 2014, respectively, net position increased (decreased) by $493,055 and
($209,632) for governmental activities and by ($329,301) and ($30,487) for business-type activities. The City's
overall financial position improved during the fiscal year ended in June 30, 2015, but is still weak.
Note that approximately 569% and 113% of the governmental activities' net position are tied up in capital assets
as of June 30, 2015 and June 30, 2014, respectively. The City uses these capital assets to provide services to
its citizens. However, with business-type activities, the City has invested approximately 96% and 94% of its net
position on capital assets during the respective fiscal years ended June 30, 2015 and 2014. Capital assets in the
business-type activities provide utility services, but they also generate revenues for this fund. For the respective
fiscal years ended June 30, 2015 and 2014, 137% and 100% of the City's total net position, net of debt, are
included in capital assets.

The following table provides a summary of the City's changes in net position:
Governmental
Activities
Revenues:
Program:
Charges for services/fines
Operating grants
Capital grants
General:
Sales taxes
Other taxes
Other
Total Revenues
309,321
154,061
58,793
Business-Type
Activities
2015
Total
%
Total
$ 1,842,351 $ 2,151,672
154,061
58,793
2014
Total
%
Total
47%
3%
1%
$ 2,170,246
176,291
18,161
48%
4%
-%
1,194,354
669,436
367.668
2,753,633
_
143
1.842.494
1,194,354
669,436
367.811
4.596.127
26%
15%
8%
100%
1,155,078
690,109
320.497
4,530,382
26%
15%
7%
100%
Program expenses:
General government
Public safety:
Police
Fire
Public works
Health and recreation
Interest
Utility expenses
772,598
772,598
17%
865,977
20%
1,323,397
408,405
470,958
168,424
63,669
_
25,034
1.199.888
1,323,397
408,405
470,958
168,424
88,703
1.199.888
30%
9%
11%
4%
2%
27%
1,211,435
306,110
419,595
231,377
84,352
1.232.391
28%
7%
10%
5%
2%
28%
Total Expenses
3.207.451
1.224.922
4.432.373
100%
4.351,237
100%
(453,818)
617,572
163,754
179,145
Transfers
946.873
(946.873)
Change in net position
493,055
(329,301)
163,754
179,145
Excess (deficiency)
Beginning net position

GASB 68 adjustment-note A(21)
Prior period adjustment-note 0
Beginning net position-as restated
Ending net position
8,299,481
(2,453,093)
(121.512)
5.724.876
8.120.336
_
$ 5,379,520 $ 5.888 630
$ 8.299.481
2,590,660
(2,453,093)
(121.5121
16.055
$
509 110
5,708,821
.
5.708.821
GOVERNMENTAL REVENUES
The City is heavily reliant on sales taxes to support governmental operations. Sales taxes equal 43% of the
revenues for governmental activities, as compared with 43% in the prior year. Also note that program revenues
cover only 18% (17% in the year ended June 30, 2014) of governmental operating expenses. This means that
the government's taxpayers and the City's other general revenues fund 82% (83% in the prior fiscal year) of the
governmental activities. As a result, the general economy and the local businesses have a major impact on the
City's revenue streams.
GOVERNMENTAL FUNCTIONAL EXPENSES
For the fiscal years ended June 30, 2015 and 2014, respectively, police services comprised 30% and 28% of the
City's total expenses and 41% and 39% of the total governmental expenses. For the fiscal years ended June 30,
2015 and 2014, total public safety makes up 54% and 49% of the total governmental expenses.
This table presents the cost of each of the City's programs, including the net costs (i.e., total cost less revenues
generated by the activities). The net costs illustrate the financial burden that was placed on the City's taxpayers
by each of these functions.

Governmental Activities
2014
Total Cost
of Services
General government
Public safety:
Police
Fire
Public works
Interest on long-term debt
Total
865,977
1,211,435
306,110
419,595
231,377
57.046
$3,091,540
2015
Net Cost (Benefit)

of Services
$
638,138
1,034,223
272,429
342,350
231,377
57.046
$ 2.575.563
Total Cost
of Services
$
772,598
1,323,397
408,405
470,958
168,424
63.669
$ 3.207.451
Net Cost (Bern

of Services
$
525,502
1,140,023
331,605
456,053
168,424
63.669
$ 2.685.276
BUSINESS-TYPE ACTIVITIES
Revenues vs. Costs
The operating revenues for the utility funds were 2% more than 2014 and operating expenses 3% less than 2014.
Within the total business-type activities of the City, these activities reported a $617,429 operating income
compared to an operating income of $576,907 for the prior year. However, after operating transfers out, the funds
reported a deficit of $329,301, which compares with the overall fund deficit of $30,487 experienced in the year
ended June 30, 2014.
FINANCIAL ANALYSIS OF THE CITY'S FUNDS
Governmental Funds
As discussed, governmental funds are reported in the fund statements with a short-term, inflow and outflow of
spendable resources focus. This information is useful in assessing resources available at the end of the year in
comparison with upcoming financing requirements. Governmental funds reported ending fund balances of
($152,308) and ($415,527) for the fiscal years ended June 30, 2015 and 2014, respectively. Of the year-end
totals for June 30, 2015, ($586,802) was unassigned, indicating lack of availability for continuing City service
requirements. Assigned fund balance included $265,052 committed to public safety, public works and
infrastructure. Legally restricted fund balance included $169,442 committed to debt service in the year ended
June 30, 2015.
The total ending fund balances of governmental funds show an increase of $263,219. This compares with an
increase of $213,256 experienced in the prior fiscal year ended June 30, 2014.
MAJOR GOVERNMENTAL FUNDS
The General Fund is the City's primary operating fund and the largest source of day-to-day service delivery. The
General Fund's fund balance increased by $85,670 in the current fiscal year, while in the fiscal year ended June
30,2014, the fund balance increased by $200,101. However, the reader needs to remember that the City controls
these differences by the amount of resources it transfers in from the City's other funds.

The revenues show an increase of $65,745 or 1% more than the prior year reflecting primarily increases in sales
taxes. The expenditures side shows an increase of $212,407 or 9% more than the prior year reflecting primarily
increases in public safety spending.
The General Fund's ending fund balance was more than the prior year representing the equivalent of (22%) of its
annual expenditures and (21%) of its annual revenues including operating transfers.
The Sales Tax Fund continues to maintain a moderate fund balance with revenues in 2015 being approximately
the same as those earned in the fiscal year ended June 30, 2014, which had been approximately the same as
those earned in the preceding year. Expenditures consisted primarily of transfers to other funds.
The Gaming Fund continues to maintain a minimal fund balance as revenues in 2015 were 9% less than those
earned in the fiscal year ended June 30, 2014, which had experienced a 3% decrease from the preceding year.
Expenditures consisted primarily of transfers to other funds.
The Fire Department Fund continues to maintain a minimal fund balance with revenues in 2015 being 12% more
than those earned in the fiscal year ended June 30, 2014. The expenditures side shows an increase of $316,756
or 93% more than the prior year reflecting primarily increases in capital outlay spending on a purchase of a fire
truck.
The Debt Service Fund is used to accumulate monies for the payment of principal and interest on long-term
indebtedness and is maintaining a minimal fund balance with revenues in 2015 being 2% more than those earned
in the fiscal year ended June 30, 2014. Shortfalls are generally covered by transfers from other funds.
THE PROPRIETARY FUNDS
The proprietary fund statements share the same focus as the government-wide statements, reporting both shortterm information about financial status.
BUDGETARY HIGHLIGHTS
The General Fund - Both the revenue and the expenditure sides of the current year final budget for the General
Fund were revised by a $75,138 increase and a $201,480 decrease, respectively in relation to the prior year's
final budget. The primary change in the General Fund's amended revenue budget relates to increases in
miscellaneous income, and the amended expenditure budget increases to financial administration.
The actual revenues exceeded the final budget by $41,663 or 4% and the actual expenditures were more than
budgeted expenditures by $310,165 or 13%.
The Sales Tax Fund - Both the revenue and the expenditure sides of the current year final budget for the Sales
Tax Fund were revised by a $33,199 increase and no change, respectively in relation to the prior year's final
budget. The primary change in the Sales Tax Fund's amended revenue budget relates to the increase in sales
tax revenues, and the amended expenditure budget to the decrease in sales tax collection fees.
The actual revenues exceeded the final budget revenues by $8,106 or 1% and the actual expenditures equaled
budgeted expenditures of $0.

The Gaming Fund - The revenue side of the current year's final budget for the Gaming Fund was revised by
$12,123 or 7% decrease, respectively in relation to the prior year's final budget. There were nominal changes in
the Gaming Fund's budget in relation to the prior year's final budget.
The actual revenues were exceeded by the final budgeted revenues by $3,232 or 2% and the actual expenditures
exceeded the final budget by $53 or 100%.
The Fire Department Fund - The revenue and expenditure sides of the current year's final budget for the Fire
Department Fund was revised by a $4,878 increase and a $898 increase, respectively In relation to the prior
year's final budget. The primary change in the Fire Department Fund's amended budget relates to the overall
increase in advalorem tax revenues and a decrease in salaries.
The actual revenues exceeded the final budgeted revenues by $30,248 or 22% and the actual expenditures
exceeded the final budgeted expenditures by $385,068 or 142%.
CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital assets
The City's investment in capital assets, net of accumulated depreciation, for governmental and business-type
activities as of June 30, 2015, were $4,294,667 and $7,889,992, respectively, while those figures as of June 30,
2014, were $4,353,175 and $8,269,348 respectively. The overall decrease was 3% for the City as a whole. See
Note D for additional information about changes in capital assets during the fiscal year and outstanding at the end
of the year. The following table provides a summary of capital asset activity.
Governmental
Activities
2015
2014
Non-depreciable assets:
Land
Total non-depreciable
Depreciable assets:
Buildings
Vehicles
Equipment, furniture and
fixtures
Improvements other than
buildings
Utility systems
Infrastructure
532,583
Capital Assets
Business-Type
Activities
532,583
532.583
532.583
6,105,341
1,048,548
2014
70,543
Total
2014
2015
70,543
2015
603,126
603,126
603.126
603.126
5,521,745
1,275,111
6,105,341
1,048,548
5,521,745
1,275,111
1,328,932
1,284,756
1,328,932
1,284,756
467,359
467,359
70.543
70.543
16,491,684
16,472,923
467,359
16,491,684
1.527,400
467,359
16,472,923
1.527.400
1.527.400
1.527.400
10,477,580
10,076,371
16,491,684
16,472,923
26,969,264
26,549,294
Less accumulated depreciation
6,656,988
6.314.287
8.292.879
8,653,474
14,949,867
14,967,761
Book value-depreciable assets
$ 3.820.592
$ 3.762.084
$ 8.198.805
$ 7.819.449 $ 12.019.397
$ 11,581,533
Percentage depreciated
Book value-all assets
64%
!i; 4 36:^ 176
63%
50%
3; 4 ?q4 6R7
Total depreciable assets
53%
55%
S
56%
S; 12.184 65Q
The depreciable capital assets for governmental activities were 63% and 64% depreciated for the fiscal years
ended June 30, 2015 and June 30, 2014, respectively. This comparison indicates that the City is replacing its
governmental assets at approximately the same rate as they are depreciating.
10

The major additions are:
A vehicle
Fire-fighting equipment
With the City's business-type activities, 53% of the asset values were depreciated at June 30, 2015 compared to
50% at June 30, 2014.
The major additions are:
Monitoring Systems
Long-term debt
At the end of the fiscal year, the City had total long-term debt outstanding of $4,117,542. All of this amount is
backed by the full faith and credit of the City with debt service funded by sales taxes and sewer fund revenues.
During the year, the City issued $241,072 and retired $434,099 in long-term debt. See Note G for additional
information regarding long-term debt.
Outstanding Borrowings
2014
2015
Sewer revenue bonds
Revolving loan
General obligation bond
Certificates of indebtedness
Capital lease obligations
Accrued leave benefits
$ 2,858,000
722,412
280,000
230,000
181,049
39.108
$2,712,000
632,412
215,000
155,000
374,207
28.923
Total
$ 4.310.569
$ 4.117.542
ECONOMIC CONDITIONS AFFECTING THE CITY

The City's primary revenue stream comes from utility charges and sales taxes, which are subject to changes in
the economy. Since sales are considered an "elastic" revenue stream, tax collections are higher in a flourishing
economy and are lower in a depressed economy.
The current compact with the Coushatta Tribe of Louisiana began in 2001 and automatically renewed in 2007.
The gaming revenues to be submitted to the City were scheduled in that compact to be at $410,000 per year to
assist with increased critical services like fire protection, police protection, and construction, maintenance, and
repair of municipal infrastructure and housing. Recent gaming payments to the City for the current fiscal year
amount to a little over $39,000 per quarter. This represents a decrease of 62% of the funding from the original
compact.
11

CONTACTING THE CITY'S FINANCIAL MANAGEMENT
This financial report is designed to provide a general overview of the City's finances, comply with finance-related
laws and regulations, and demonstrate the City's commitment to public accountability. If you have any questions
about this report or would like to request additional information, contact the City's Mayor, Gene Paul, P.O. Box
728, Oakdale, LA 71463.
12
ROYCE T. SCIMEMI, CPA, APAC

CERTIFIED PUBLIC ACCOUNTANT
P.O. Box 210
Oberlin, LA 70655
Tele (337) 639-4334, Fax (337) 639-4068
Member
American Institute of
Certified Public Accountants
Member
Society of Louisiana
INDEPENDENT AUDITORS' REPORT

December 31, 2015
Honorable Gene Paul, Mayor
and the City Council
City of Oakdale, Louisiana
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the business-type activities,
and each major fund of the City of Oakdale, Louisiana as of and for the year ended June 30, 2015, and the related notes to the
financial statements, vyhich collectively comprise the City of Oakdale, Louisiana's basic financial statements as listed in the
table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with
accounting principles generally accepted in the United States of America; this includes the design, implementation, and
maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from
material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in
accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial
audits contained in Government Auditing Standards issued by the Comptroller General of the United States. Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from
material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material
misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers
internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of
the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of significant accounting estimates made by management, as well as
evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
13
Independent Auditors' Report

Honorable Gene Paul, Mayor and the City Council
December 31, 2015
Page 2
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial
position of the governmental activities, the business-type activities, and each major fund of the City of Oakdale, Louisiana, as
of June 30, 2015, and the respective changes in financial position, and, where applicable, cash flows thereof for the year then
ended in accordance with accounting principles generally accepted in the United States of America.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's discussion
and analysis, budgetary comparison information, and pension schedules on pages 3 through 12 and 51 through 64 be
presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements,
is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for
placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain
limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the
United States of America, which consisted of inquiries of management about the methods of preparing the information and
comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and
other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any
assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion
or provide any assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise
the City of Oakdale, Louisiana's basic financial statements. The proprietary fund statement of operating expenses by
department, the schedule of number of utility customers, the schedule of insurance in force, and the schedule of compensation
paid to the Mayor and Council Members, and schedule of compensation, benefits and other payments to chief executive officer are
presented on pages 66 through 70 for purposes of additional analysis and are not a required part of the basic financial
statements.
The proprietary fund statement of operating expenses by department, the schedule of compensation paid to the Mayor
and Council Members, and the schedule of compensation, benefits and other payments to chief executive officer are the
responsibility of management and was derived from and relate directly to the underlying accounting and other records used to
prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of
the basic financial statements and certain additional procedures, including comparing and reconciling such information directly
to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial
statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United
States of America. In our opinion, the proprietary fund statement of operating expenses by department, the schedule of
compensation paid to the Mayor and Council Members, and the schedule of compensation, benefits and other payments to chief
executive officer are fairly stated, in all material respects, in relation to the basic financial statements as a whole.
The schedule of number of utility customers and schedule of insurance in force have not been subjected to the
auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or
provide any assurance on them.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated December 31, 2015, on
our consideration of the City of Oakdale, Louisiana's internal control over financial reporting and on our tests of its compliance
with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is
to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing,
and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an
audit performed in accordance with Government Auditing Standards in considering the City of Oakdale, Louisiana's internal
control over financial reporting and compliance.
Royce T. Scimemi, CPA, APAC
c PA, AP/^
14
BASIC FINANCIAL STATEMENTS
15
GOVERNMENT-WIDE FINANCIAL STATEMENTS (GWFS)
16

June 30, 2015
Primary Government
Governmental
Activities
ASSETS
Current Assets
Cash and certificates of deposit
Prepaid expenditures
Accounts receivable
Total Current Assets
Noncurrent Assets
Land
Capital assets, net
Restricted cash and certificates of deposit
Total Noncurrent Assets
Total Assets
DEFERRED OUTFLOWS OF RESOURCES
Aggregated deferred outflows
Total Deferred Outflows of Resources
LIABILITIES
Current Liabilities
Accounts payable
Accrued interest payable
Accrued compensated absences payable
Bonds payable
Capital leases payable
Total Current Liabilities
Noncurrent Liabilities
Customer deposits payable
Capital leases payable
Bonds payable
Net pension liability
Total Noncurrent Liabilities
Total Liabilities
DEFERRED INFLOWS OF RESOURCES
Aggregated deferred inflows
Total Deferred Inflows of Resources
NET POSITION
Invested in capital assets, net of related debt
Restricted
Unrestricted
Total Net Position
See accompanying notes.
193,775
34,544
367,533
595,852
Business-type
Activities
Total
22,592
~
238,283
260,875
532,583
3,762,083
169,442
4,464,108
5,059,960
70,543
7,819,449
83,477
7,973,469
8,234,344
603,126
11,581,532
252,919
12,437,577
13,294,304
548,603
548,603
548,603
548,603
917,602
20,319
28,923
240,000
49,585
1,256,429
64,359
5,365
147,000
981,961
25,684
28,923
387,000
49,585
1,473,153
324,622
762,412
2,029,453
3,116,487
4,372,916
73,100
~
2,565,000
216,724
73,100
324,622
3,327,412
2,029,453
5,754,587
7,227,740
2,638,100
2,854,824
726,537
726,537
216,367
34,544
605,816
856,727
2,897,728
169,442
(2,558,060)
509,110
17
726,537
726,537
5,172,627
10,377
196,516
5,379,520
8,070,355
179,819
(2,361,544)
5,888,630

Statement of Activities
For the Year Ended June 30, 2015
Net (Expense) Revenue
Program Revenues
Primary Government
Functions/Programs
Operating
Grants and
Contributions
Charges for
Services
Expenses
Capital Grants
and
Contributions
Governmental
Activities
Business-type
Activities
Total
Primary Government
Governmental Activities:
General govemment
Public safety - police
772,598
Public safety - fire
408,405
168,424
Public works
470,958
206,529
102,792
1,323,397
28,324
12,243
(525,502) $
80,582
--
(1,140,023)
30,250
46,550
(331,605)
(168,424)
14,905
63.669
~
~
_
3,207,451
309,321
154,061
58,793
(2,685,276)
Water department
463,996
977,438
Sewer department
735,892
864,913
25,034
__
"
_
__
Interest and fiscal charges

Total Governmental Activities
(456,053)
- $
"
~
-
(525,502)
(1,140,023)
(331,605)
(168,424)
(456,053)
(63,669)
(63,669)
(2,685,276)
513,442
513,442
Business-type Activities:
Interest and fiscal charges-sewer
1,224,922
Total Business-type Activities

Total Primary Government
4,432,373
1,842,351
$
2,151,672
154,061
General Purpose Revenues and Transfers:

Revenues
TaxesProperty taxes, levied for general purposes
Property taxes, levied for fire protection
Property taxes, levied for sewer bonds
Sales and use taxes, levied for general purposes
Other taxes
Franchise
Payment in lieu of taxes
Intergovernmental
State sources
Local sources
Miscellaneous
Interest income
Non-employer pension contributions
Transfers
Total General Revenues and Transfers
Change in Net Position
Net Position at Beginning ofPeriod
GASB 68 Adjustment-See Note A (21)
Prior Period Adjustment-See Note 0
Net Position at Beginning of Period-As Restated
Net Position at End of Period
58,793
(2,685,276) $
129,021
129,021
(25,034)
(25,034)
617,429
617,429
617,429
127,876
138,628
85,004
1,194,354
9,868
287,901
20,159
9,450
154,658
146,590
364
56,606
946,873
3,178,331
493,055
2,590,660
(2,453,093)
(121,512)
16,055
509,110 $
(2,067,847)
127,876
138,628
85,004
1,194,354
9,868
287,901
20,159
9,450
154,658
146,590
507
56,606
143
(946,873)
(946,730)
(329,301)
5,708,821
5,708,821
5,379,520
2,231,601
163,754
8,299,481
(2,453,093)
(121,512)
5,724,876
5,888,630
FUND FINANCIAL STATEMENTS (FFS)
19
MAJOR FUND DESCRIPTIONS

General Fund
The General Fund is used to account for resources traditionally associated with governments which are not
required to be accounted for in another fund.
Special Revenue Funds
Special revenue funds are used to account for specific revenues that are legally restricted to expenditures for
particular purposes.
Sales Tax Fund
To account for the receipt and expenditure of proceeds of the City's restricted sales and use taxes.
Gaming Revenue Fund
To account for the receipt and expenditure of funds in accordance with the compact agreement with the Coushatta
Tribe of Louisiana.
Fire Department Fund
To account for the receipt and expenditure of funds utilized in the operations of the Fire Department. Funding is
primarily provided by an ad valorem tax and operating transfers from the General and Sales Tax Funds.
Debt Service Fund
To account for the accumulation of resources for, and the payment of, general long-term debt principal, interest,
and related costs.
Proprietarv Fund
To account for the provision of water and sewer services to residents of the City. All activities necessary to provide
such services are accounted for in this fund, including, but not limited to, administration, operations, maintenance,
financing and related debt service, and billing and collection.
20

Balance Sheet
Governmental Funds
June 30, 2015
Debt Service
Special Revenue
General
ASSETS
Prepaid expenditures
Accounts receivable
Total Assets
Tata! Assets andDeferred Outflows of Resources
LIABILITIES
Accounts payable and accrued liabilities
166,316
317
18,794
37,055
329,388
210,298
37,372
18,794
~
-
-$
~
~
169,442
765,294
- $
__
1,412
__
1,412
916,190
1,412
~
-
--
169,442
210,298
37,372
17,382
(586,802)
(586,802)
210,298
37,372
17,382
916,190
916,190
329,388
<E
210,298
37,372
JE
37,372
18,794
169,442 $
169,442
$
765,294
917,602
917,602
Total
Governmental
Funds
193,775
169,442
34.544
367,533
169,442
18,794
JE
210,298
~
-
201,950
Total Liabilities, DeferredInflows of Resources andFm $
J
i
34,544
128,528
329,388

Total Liabilities and Deferred Inflows of Resources
FUND BALANCE
Restricted
Assigned
Unassigned
Total Fund Balance
8,348
Gaming Fund
--
Total Liabilities
Sales Tax Fund
Bonded Debt
Fund
Fire Department
Fund
169,442 $
917,602
169,442
265,052
(586,802)
(152,308)
765,294

Reconciiiation of Governmentai Funds Baiance Sheet to the Statement of Net Position
June 30, 2015
Total Fund Baiance - Governmentai Funds
(152.308)
Accrued interest payable Is accrued on Statement of Net Position and expensed on

the Statement of Activities, interest is expensed on a cash basis on the Statement of
Revenues, Expenditures, and Changes in Fund Balances.
(20,319)
Compensated absences expensed as paid in governmentai fund statements,

expensed as incurred in entity wide statements, and reflected as liability on Statement
of Net Position.
(26,923)
Principal payments on long-term debt expensed in governmental fund statements,

treated as reductions of outstanding debt in entity wide statements.
(85,215)
Fixed assets are capitalized in the Statement of Net Assets and depreciated in the
Statement of Activities. These are expensed when acquired in the Statement of
Revenues, Expenditures, and Changes in Fund Balance.
4,294,666
Long- term debt reflected on Statement of Net Position not in governmental funds
balance sheet.
Pension related changes in net pension liability that is only reported in the Statement
of Net Position
(1,291,404)
(726,537)
Pension related changes in net pension liability that is only reported in the Statement
of Net Position
548,603
Net pension liability reflected on the Statement of Net Position not in governmental
funds balance sheet
Total Net Position-Governmental Funds
(2,029,453)
$
22
509,110

Statement of Revenues, Expenditures, and Changes in Fund Baiances
Governmentai Funds
Speciai Revenue
General
Sales Tax Fund
Debt Service
Fire
Department
Fund
Gaming Fund
Total
Governmental
Funds
Bonded Debt
Fund
Revenues
Taxes
S!
License and permits
425,645
1,194,354
138,628
85,004 $
1,843,631
206,529
--
206,529
Intergovernmental
212,214
102,792
--
---
30,248
Fines
--
102,792
Miscellaneous
146,587
--
--
--
146,587
154,658
154,658
239
88
35
364
1,094.006
1,194,442
154,660
168,876
85,039
2,697,023
General government
760,626
--
53
703
761,382
Public safety - police
1,258,642
1,258,642
62,780
--
--
322,487
--
385,267
119,271
--
119,271
Public works
435,157
435,157
Capital outlays
34,765
--
290,071
--
324,836
15,923
__
31,991
230,000
277,914
12,342
43,675
59,279
2,690,426
..
53
656,891
274,378
3,621,748
(1.596,420)
1,194,442
154,607
(488,015)
(189,339)
(924,725)
1,682,090
(1,198,031)
(158,110)
263,603
357,321
946,873
241,071
__
241,071
Gaming
Interest income
Total Revenues
242,462
Expenditures
Current:
General government
Public safety - fire
Debt service:
Principal retirement
3,262
Interest and fiscal charges

Total Expenditures
Excess of Revenues Over
(Under) Expenditures
Other Financing Sources (Uses)
Transfers from other funds
Capital lease proceeds

1,682,090
(1,198,031)
(158,110)
504,674
357,321
1,187,944
85,670
(3,589)
(3,503)
16,659
167,982
263,219
Fund Balance at Beginning of Period
(550,960)
213,887
40,875
723
1,460
(294,015)
Prior period adjustment - Note 0
(121,512)
Fund Balance at Beginning of Period - As Restated
(672,472)
213,887
Net Other Financing Sources (Uses)

Net Change in Fund Balance
Fund Balance at End of Period
ii
(586,802)
210,298
23
40,875
$
37,372
(121,512)
723
$
17,382
1,460
(415,527)
169,442 $
(152,308)

Reconciliation of Governmental Funds Statement of Revenues, Expenditures, and
Changes in Fund Balances with Statement of Activities
Total Net Change in Fund Balances - Governmental Funds
Fixed assets expensed as capital outlay in governmental fund

statements, capitalized as fixed assets in Statement of Net Position.
263.219
324,836
Compensated absences expensed as paid in governmental fund

statements, expensed as incurred in entity wide statements, and
reflected as liability on Statement of Net Position.
10,185
Principal payments on long-term debt expensed in governmental fund

statements, treated as reductions of outstanding debt in entity wide
statements.
277,914
Depreciation expense reflected in entity wide statements, not reflected

in governmental fund statements.
(290,682)
Accrued interest expense included in Statement of Activities, expensed

as paid in governmental fund statements.
(4,387)
Proceeds of long-term debt treated as revenue in the fund level

statements, treated as increases to long-term debt in entity wide
statements.
(241,072)
Basis in assets disposed of during the year.
(92,663)
56,606
Contributions to retirement systems by non-employers

Pension expense is based on employer contributions in the government
funds Statement of Revenues, Expenditures, and Changes in Net
Position and actuarially calculated expense on the Statement of
Activities.
Changes in Net Position-Governmental Funds
189,099
$
24
493,055

Proprietary Fund
30-Jun-15
Business-type Activities - Enterprise Fund
30-Jun-15
ASSETS
Current Assets
Accounts receivable
Total Current Assets
Noncurrent Assets
Land
Capital assets, net
Total Assets
Total Deferred Outflows of Resources
LIABILITiES
Current Liabilities
Accounts payable
Accrued interest payable
Bonds payable
Total Current Liabilities
Noncurrent Liabiiities
Customer deposits payable
Bonds payable
Total Liabilities
Total Deferred Inflows of Resources
NET POSITION
Invested In capital assets, net of related debt
Restricted
Unrestricted
Total Net Position
25
30-Jun-14
22,592
238,283
44,674
267,589
260,875
312,263
83,477
70,543
7,819,449
7,973,469
8,234,344
77,516
70,543
8,198,805
8,346,864
8,659,127
64,359
5,365
147,000
216,724
1,048
20,363
146,000
167,411
73,100
2,565,000
2,638,100
2,854,824
70,895
2,712,000
2,782,895
2,950,306
5,172,627
10,377
196,516
5.379.520
5,390,985
6,621
311,215
5.708.821

Statement of Revenues, Expenses, and Changes in Net Position
Proprietary Fund
For the Years Ended June 30, 2015
Business-type Activities -
30-Jun-14
30-Jun-15
Operating Revenues
Water department revenues
Sewer department revenues
Total Operating Revenues
977,438
864,913
1,842,351
954,332
854,966
1,809,298
Operating Expenses
Water department expenses

Sewer department expenses
Total Operating Expenses
Operating Income (Loss)
Non-Operating Revenues (Expenses)
Interest income
Bad debt recovery
Interest expense
Net Non-Operating Revenues (Expenses)
Income Before Contributions and Transfers
Transfers
Change in Net Position
Net Position at Beginning of Period
Net Position at End of Period
463,996
735,892
1,199,888
642,463
471,637
760,754
1,232,391
576,907
143
17
39,423
(27,306)
12,134
589,041
(619,528)
(30,487)
5,739,308
5,708,821
(25,034)
(24,891)
617,572
(946,873)
(329,301)
5,708,821
5,379,520
26
' I

Statement of Cash Flows Proprietary Fund
Business-Type Activities
^014
Cash flows from operating activities:
Receipts from customers
Payments to suppliers
Payments to employees
Net cash from operating activities
Enterprise Fund
,2015.
$ 1,740,838
(614,470)
(299.6091
826.759
$ 1,873,862
(549,123)
(202.0981
1.122.641
Cash flows from noncapital financing activities:

Operating transfers
Net cash used by noncapital financing activities
(619.5281
(619.5281
(946.8731
(946.8731
Cash flows from capital and related financing activities:

Acquisition of property, plant and equipment
Interest paid on sewer revenue bonds
Principal paid on sewer revenue bonds
Proceeds from sewer revenue bonds
Bad debt (expense) recovery
Net cash used by capital and related financing activities
(76,991)
(14,075)
(145,000)
50,527
39.423
(146.1161
(6,000)
(40,032)
(146,000)
Cash flows from investing activities:

Net proceeds (purchase) of investments
Interest on investments
Net cash used by investing activities
(192.0321
17
143
143
Net increase (decrease) in cash and cash equivalents
61,132
(16,121)
Cash and cash equivalents, beginning of period
61.058
122.190
J1
Cash and cash equivalents, end of period
27
122.190

Statement of Cash Flows - Continued
Proprietary Funds
Business-type Activities
Entgrprisg Fund
2015
^014
Reconciliation of operating income to
net cash provided by operating activities:
Operating income
Adjustments to reconcile operating income to
$ 576,907
$ 642,463
393,410
385,356
(65,481)
(85,307)
(2.979)
10-209
29,306
63,311
2,205
net cash provided by operating activities;
Depreciation
Changes in current assets and liabilities:
(Increase) decrease in accounts receivable
Increase (decrease) in accounts payable
Increase (decrease) in customer deposits payable
Basis in assets disposed
Net cash provided (used) by operating activities
28
$ 1-122.641
CITY OF OAI-CDALE, LOUISIANA

Notes to Basic Financial Statements
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The City of Oakdale, Louisiana (City), was created under the provisions of the Lawrason Act. The
purpose of the City is to provide services to its citizens, which include sewer and water utilities, police
and fire protection and other services. The City is governed by the Mayor and a board of five elected
council members who are compensated. The City is located in Allen Parish, Louisiana and its
population is approximately 7,800. There are approximately 70 employees working for the City.
The accompanying financial statements of the City have been prepared in conformity with
governmental accounting principles generally accepted in the United States of America (GAAP) as
applied to governmental units. GAAP includes all relevant Governmental Accounting Standards
Board (GASB) pronouncements. In the government-wide financial statements. Financial Accounting
Standards Board (FASB) pronouncements and Accounting Principles Board (ARB) opinions on or
before November 30, 1986 have been applied unless those pronouncements conflict with or
contradict GASB pronouncements, in which case, GASB prevails. The accounting and reporting
framework and the more significant accounting policies are discussed in subsequent subsections of
this note.
1.
Reporting Entity
As the municipal governing authority for reporting purposes, the City is considered a separate
financial reporting entity. The financial reporting entity consists of (a) the primary government
(municipality), (b) organizations for which the primary government is financially accountable, and (c)
other organizations for which the nature and significance of their relationship with the primary
government are such that exclusion would cause the reporting entity's financial statements to be
misleading or incomplete.
GASB Statement No. 14 established criteria for determining which component units should be
considered part of the City for financial reporting purposes. The basic criterion for including a potential
component unit within the reporting entity is financial accountability. The GASB has set forth criteria
to be considered in determining financial accountability. These criteria include:
1. Appointing a voting majority of an organization's governing body, and
a.
The ability of the municipality to impose its will on that organization, and/or
b.
The potential for the organization to provide specific financial benefits to or

impose specific financial burdens on the municipality.
2. Organizations for which the municipality does not appoint a voting majority but are
fiscally dependent on the municipality.
3. Organizations for which the reporting entity's financial statements would be
misleading if data of the organization is not included because of the nature or
significance of the relationship.
As required by accounting principles generally accepted in the United States of America, these
financial statements present the City of Oakdale, Louisiana (the primary government) and its
component units. By applying the above requirements, the City has no component units.
2.
Basis of Presentation
The accompanying basic financial statements of the City have been prepared in conformity with
GAAP. The GASB is the accepted standard setting body for establishing governmental accounting
and financial reporting principles. The accompanying basic financial statements have been prepared
in conformity with GASB Statement 34, "Basic Financial Statements and Management's Discussion
and Analysis for State and Local Governments", issued in June 1999.
29

Government-Wide Financial Statements
The statement of net position and the statement of activities display information about the City as a
whole. They include all funds of the reporting entity. The statements distinguish between
governmental and business-type activities. Governmental activities generally are financed through
taxes, intergovernmental revenues, and other non-exchange revenues. Business-type activities are
financed in whole or in part by fees charged to external parties for goods or services.
The statement of activities presents a comparison between direct expenses and program revenues
for each of the functions of the City's governmental activities and business-type activities. Direct
expenses are those that are specifically associated with a program or function and, therefore, are
clearly identifiable to a particular function. Program revenues include (a) fees and charges paid by
the recipients of services offered by the City, and (b) grants and contributions that are restricted to
meeting the operational or capital requirements of a particular program. Revenues that are not
classified as program revenues, including all taxes, are presented as general revenues.
Fund Financial Statements
The City uses funds to maintain its financial records during the year. Fund accounting is designed
to demonstrate legal compliance and to aid management by segregating transactions related to
certain City functions and activities. A fund is defined as a separate fiscal and accounting entity with
a self-balancing set of accounts. The various funds of the City are classified into two categories:
governmental and proprietary. The emphasis of fund financial statements is on major funds, each
displayed in a separate column. A fund is considered major if it is the primary operating fund of the
City or if the total assets, liabilities, revenues, or expenditures of the individual governmental or
proprietary fund is at least 10 percent of the corresponding total for all governmental and proprietary
funds of that category or type; and total assets, liabilities, revenues, or expenditures/expenses of the
individual governmental or proprietary fund are at least 5 percent of the corresponding total for all
governmental and proprietary funds combined.
The City reports the following major funds:
The General Fund is used to account for resources traditionally associated with governments which
are not required to be accounted for in another fund.
The Sales Tax Fund is used to account for the receipt and expenditure of proceeds of the City's
restricted sales and use taxes.
The Gaming Revenue Fund is used to account for the receipt and expenditure of funds in accordance
with the compact agreement with the Coushatta Tribe of Louisiana.
The Fire Department Fund is used to account for the receipt and expenditure of funds utilized in the
operations of the Fire Department. Funding is primarily provided by an ad valorem tax and operating
transfers from the General and Sales Tax Funds.
The Bonded Debt Fund is a debt service fund and is used to account for the accumulation of
resources for, and the payment of, general long-term debt principal, interest, and related costs.
The Proprietary Fund is used to account for operations (a) that are financed and operated in a manner
similar to private business enterprises - where the intent of the governing body is that the costs
(expenses, including depreciation) of providing goods or services to the general public on a
continuing basis be financed or recovered primarily through user charges; or (b) where the governing
body has decided that periodic determination of revenues earned, expenses incurred, and/or net
income is appropriate for capital maintenance, public policy, management control, accountability, or
other purposes. The City's proprietary fund accounts for water and sewer services.
3.
Measurement Focus/Basis of Accounting
Measurement focus is a term used to describe "which" transactions are recorded within the various
financial statements. Basis of accounting refers to "when" transactions are recorded regardless of
the measurement focus applied.
30

Measurement Focus
On the government-wide statement of net position and statement of activities, both governmental
and business-type activities are presented using the economic resources measurement focus as
defined in item b. below. In the fund financial statements, the "current financial resources"
measurement focus or the "economic resources" measurement focus is used as appropriate:
a. All governmental funds utilize a "current financial resources" measurement focus. Only
current financial assets and liabilities are generally included on their balance sheets. Their
operating statements present sources and uses of available spendable financial resources
during a given period. These funds use fund balances as their measure of available spendable
financial resources at the end of the period.
b. The proprietary fund utilizes an "economic resources" measurement focus. The accounting
objectives of this measurement focus are the determination of operating income, changes in net
position (or cost recovery), financial position, and cash flows. All assets and liabilities (whether
current or non-current) associated with their activities are reported. Proprietary fund equity is
classified as net position.
Basis of Accounting
In the government-wide statement of net position and statement of activities, both governmental and
business-type activities are presented using the accrual basis of accounting. Under the accrual basis
of accounting, revenues are recognized when earned and expenses are recorded when the liability
is incurred or economic asset used. Revenues, expenses, gains, losses, assets, and liabilities
resulting from exchange and exchange-like transactions are recognized when the exchange takes
place.
Governmental fund financial statements are reported using the current financial resources
measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon
as they are both measurable and available. Revenues are considered to be available when they are
collectible within the current period or soon enough thereafter to pay liabilities of the current period.
For this purpose, the government considers revenues to be available if they are collected within 60
days of the end of the current fiscal period. Expenditures (including capital outlays) generally are
recorded when a liability is incurred, as under accrual accounting. Flowever, debt service
expenditures are recorded only when payment is due.
The proprietary fund utilizes the accrual basis of accounting. Under the accrual basis of accounting,
revenues are recognized when earned and expenses are recorded when the liability is incurred or
economic asset used. The City applies all applicable FASB pronouncements in accounting and
reporting for its proprietary fund.
Allocation of Indirect Expenses
The City reports all direct expenses by function in the statement of activities. Direct expenses are
those that are clearly identifiable with a function. Indirect expenses of other functions are not
allocated to those functions, but are reported separately in the statement of activities. Depreciation
expense is specifically identified by function and is included in the direct expense of each function.
Interest on long-term debt is considered an indirect expense and is separately reported on the
statement of activities.
4.
Budgets and Budgetary Accounting
Budgets are adopted on a basis consistent with generally accepted accounting principles. Annual
appropriated budgets are adopted for the general, special revenue, and proprietary funds. All annual
appropriations lapse at fiscal year-end.
31

Prior to the beginning of each fiscal year, the Mayor submits a budget to the City Council. The budget
is prepared by fund, function and activity, and includes information on the past year, current year
estimates and requested appropriations for the next fiscal year.
The City Council holds public hearings and may add to, subtract from or change appropriations, but
may not change the form of the budget. Any changes in the budget must be within the revenues and
reserves estimated and the revenue estimates must be changed by an affirmative vote of a majority
of the government's council.
Expenditures may not legally exceed budgeted appropriations at the activity level.
The original budget and one amendment during the year are reflected in the budget comparisons.
5.
Deposits
Deposits include amounts in demand deposits, interest-bearing demand deposits, and time deposits
as well as those investments with a maturity date of 90 days or less.
State statutes authorize the City to invest in obligations of the U.S. Treasury, U.S. government
agencies, or time certificates of deposit of state banks organized under the laws of Louisiana and
national banks having the principal office in the State of Louisiana or any other federally insured
investment. In addition, local governments in Louisiana are authorized to invest in the Louisiana
Asset Management Pool, Inc. (LAMP), a non-profit corporation formed by an initiative of the State
Treasurer and organized under the laws of the State of Louisiana. LAMP generates a local
government Investment pool.
These deposits are stated at cost, which approximates market. 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. At June 30, 2015, the City has $467,066 in deposits (collected bank
balances). These deposits are all secured from risk by federai deposit insurance and pledged
securities held by the custodial bank in the name of the fiscal bank.
6.
Interfund Receivables/Payables
During the course of operations, numerous transactions occur between individual funds for goods
provided or services rendered. These receivables and payables are classified as due from other
funds or due to other funds on the balance sheet.
7.
Accounts Receivable
Uncollectible amounts due for ad valorem taxes and other receivables of governmental funds are
recognized as bad debts at the time information becomes available which would Indicate that the
particular receivable is not collectible.
There appears to be concentration of credit risk with regard to general accounts receivable and more
specifically accounts receivable for water and sewer user fees in the enterprise fund. The City's
ability to collect the amounts due from the users of the City water and sewer system and others (as
reflected on the financial statements) may be affected by significant economic fluctuations, natural
disaster or other calamity in this one concentrated geographic location.
8.
Capital Assets
Capital assets, which include property, plant and equipment, are reported in the applicable
governmental or business-type activities columns in the government-wide financial statements.
Capital assets are capitalized at historical cost or estimated cost if historical is not available. Donated
assets are recorded as capital assets at their estimated fair market value at the date of donation.
The City maintains a threshold level of $1,000 or more for capitalization of asset purchases.
32

The costs of normal maintenance and repairs that do not add to the value of the assets or materially
extend assets' lives are not capitalized. Depreciation of all exhaustible capital assets is recorded as
an allocated expense in the statement of activities, with accumulated depreciation reflected in the
statement of net position. Depreciation is provided over the assets' estimated useful lives using the
straight-line method of depreciation. The range of estimated useful lives by asset type is as follows:
Buildings and Improvements
Equipment and furniture
Water system
Sewer system
Vehicles
Infrastructure
40 years
3-20 years
20-50 years
20-50 years
5 years
20-50 years
In the fund financial statements, capital assets used in governmental fund operations are accounted
for as capital outlay expenditures of the governmental fund upon acquisition. Capital assets used in
proprietary fund operations are accounted for the same as in the government-wide statements.
9.
Statement of Cash Flows
For the purpose of the statement of cash flows, for the enterprise funds, the City considers all highly
liquid investments (including restricted assets) with a maturity of three months or less when
purchased to be cash equivalents. The statement reflects ending cash and cash equivalents of
$106,069 which represents unrestricted and restricted amounts of $22,592 and $83,477,
respectively.
10.
Compensated Absences
Vested or accumulated vacation leave that is expected to be liquidated with expendable available
financial resources is reported as an expenditure and a fund liability of the governmental fund that
will pay it. Amounts of vested or accumulated vacation leave that are not expected to be liquidated
with expendable available financial resources are reported as long-term liabilities. No expenditure is
reported for these amounts. Vested or accumulated vacation leave of the proprietary fund is recorded
as an expense and liability of that fund as the benefits accrue to employees. In accordance with the
provisions of Statement of Financial Accounting Standards No. 43, Accounting for Compensated
Absences, no liability is recorded for nonvesting accumulating rights to receive sick pay benefits.
However, a liability is recognized for that portion of accumulating sick leave benefits for police
personnel that is estimated will be taken as "terminal leave" prior to retirement.
The City has the following policy relating to vacation and sick leave:
Sick leave and vacation are authorized on January 1 of each year with no unused
amounts to be carried forward from previous years. Employees of the City receive 40
hours to 200 hours vacation leave each year, depending on their length of service.
Sick leave is earned at the same rate as vacation leave. Upon termination, the
employee is entitled to any unused vacation leave.
At June 30, 2015, employees of the City have accumulated $28,923 in leave privileges, computed
in accordance with GASB Statement No. 16.
11.
Long-Term Debt
The accounting treatment of long-term debt depends on whether the assets are used in governmental
fund operations or proprietary fund operations and whether they are reported in the government-wide
or fund financial statements.
All long-term debts to be repaid from governmental and business-type resources are reported as
liabilities in the government-wide statements. The long-term debt consists primarily of bonds and
capital lease payables.
Long-term debt for governmental funds is not reported as liabilities in the fund financial statements.
The debt proceeds are reported as other financing sources and payment of principal and interest
33

reported as expenditures. The accounting for proprietary fund long-term debt is the same in the fund
statements as it is in the government-wide statements.
12.
Equity Classification
In the government-wide statements, equity is classified as net position and displayed in four
components;
a.
Invested in capital assets, net of related debt - Consists of capital assets

including restricted capital assets, net of accumulated depreciation and
reduced by the outstanding balances of any bonds, mortgages, notes, or other
borrowings that are attributable to the acquisition, construction, or improvement
of those assets.
b.
Restricted net position - Consists of net position with constraints placed on the
use either by (1) external groups such as creditors, grantors, contributors, or
laws or regulations of other governments; or (2) law through constitutional
provisions or enabling legislation.
c.
Committed net position - Consists of net position with constraints placed on the
use by the governing body.
d.
Unrestricted net position - Consists of all other net position that does not meet
the definition of a, b, or c above.
In the fund statements, governmental fund equity is classified as fund balance and is further classified
as follows:
13.
a.
Nonspendable - amounts that cannot be spent either because they are in

nonspendable form or because they are legally or contractually required to be
maintained intact.
b.
Restricted - amounts that can be spent only for specific purposes because of
constitutional provisions or enabling legislation or because of constraints that
are externally imposed by creditors, grantors, contributors, or the laws or
regulations of other governments.
c.
Committed - amounts that can be used for specific purposes determined by a

formal action of the Mayor and Council. They are the highest level of decision
making authority for the City. Commitments may be established, modified, or
rescinded only through ordinances or resolutions approved by the Mayor and
Council.
d.
Assigned - amounts that do not meet the criteria to be classified as restricted

or committed but that are intended to be used for specific purposes. Under the
Council's adopted policy, only Council members may assign amounts for
specific purposes.
e.
Unassigned - includes fund balances which have not been classified within the
above categories.
Interfund Transactions
Quasi-external transactions are accounted for as revenues, expenditures, or expenses. Transactions

that constitute reimbursements to a fund for expenditures/expenses initially made from it that are
properly applicable to another fund are recorded as expenditures/expenses in the reimbursing fund
and as reductions of expenditures/expenses in the fund that is reimbursed.
34

All other interfund transactions, except quasi-external transactions and reimbursements, are reported
as transfers. Nonrecurring or non-routine permanent transfers of equity are reported as residual
equity transfers. All other interfund transfers are reported as operating transfers.
14.
Sales Taxes
Proceeds of the one percent (1%) sales and use tax levied by the City are dedicated to constructing,
acquiring, extending, improving, operating and maintaining sewers and sewerage disposal works,
waterworks, facilities, streets, alleys, bridges, drains and drainage facilities; public buildings,
purchasing and acquiring the necessary land, equipment and furnishings for the aforesaid public
works, buildings, improvements and facilities; title to which shall be in the public, or for any one or
more said purposes; and for the purpose of paying principal and interest on any bonded or funded
indebtedness of the City incurred for any of said purposes.
Proceeds of the three-tenths of one percent (0.3%) sales and use tax levied by the City are dedicated
to improving, maintaining, and operating the police and fire departments of the City, and for the
purpose of paying the costs of the acquisition of equipment for the department of public works.
15.
Use of Estimates
The preparation of the financial statements in conformity with GAAP requires management to make
estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual
results could differ from those estimates.
16.
Revenues, Expenditures, and Expenses
Program Revenues
Program revenues included in the statement of activities are derived directly from the program itself
or from parties outside the City's taxpayers or citizenry, as a whole; program revenues reduce the
cost of the function to be financed from the City's general revenues.
Revenues
Ad valorem taxes and the related state revenue sharing are recorded in the year taxes are due and
payable. Ad valorem taxes are assessed on a calendar year basis, become due on November 15 of
each year, and become delinquent after December 31. The taxes are generally collected in
December, January and February of the fiscal year. Sales taxes are considered as "measurable"
when in the hands of sales tax collector and are recognized as revenue at that time. Interest on
interest-bearing deposits is recorded or accrued as revenues when earned. Substantially all other
revenues are recorded when received.
Expenditures/expenses
The City's primary expenditures include salaries and insurance, which are recorded when the
liabilities are incurred. Capital expenditures and purchases of various operating supplies are
regarded as expenditures at the time purchased.
Other Financing Sources
Transfers between funds that are not expected to be repaid are accounted for as other financing
sources (uses) when the transfers are authorized by the City.
17.
Environmental Remediation Costs
The City accrues for losses associated with environmental remediation obligations when such losses
are probable and reasonably estimable. Accruals for estimated losses from environmental
remediation obligations generally are recognized no later than completion of the remedial feasibility
study. Such accruals are adjusted as further information develops or circumstances change. Costs
of future expenditures for environmental remediation obligations are not discounted to their present
value.
35

18.
Subsequent Events
Management has evaluated subsequent events through December 31, 2015, the date the financial
statements were issued.
19.
Use of restricted resources
When an expense is incurred that can be paid using either restricted or unrestricted resources (net
position), the City's policy is to first apply the expense toward restricted resources and then toward
unrestricted resources. In governmental funds, the City's policy is to first apply the expenditures
toward restricted fund balance and then to other, less-restrictive classifications (committed and then
assigned fund balances) before using unassigned fund balances.
20.
Pensions
For purposes of measuring the net pension liability, deferred outflows of resources and deferred
inflows of resources related to pensions, and pension expense, information about the fiduciary net
position of the Municipal Police Employees Retirement System (MPERS), Municipal Employees
Retirement System (MERS), and the Firefighters' Retirement System (FRS) and additions
to/deductions from MPERS's, MERS's, and FRS's fiduciary net position have been determined on
the same basis as they are reported by MPERS, MERS, and FRS. For this purpose, benefit
payments (including refunds of employee contributions) are recognized when due and payable in
accordance with the benefit terms. Investments are reported at fair value.
21.
Change in Accounting Principle
Financial reporting information pertaining to the City's participation in the MPERS, MERS, and FRS
is prepared in accordance with Governmental Accounting Standards Board "GASB" Statement No.
68, Accounting and Financial Reporting for Pensions, as amended by GASB Statement No. 71,
Pension Transition for Contributions Made Subsequent to the Measurement Date, which have been
adopted by the City for the fiscal year ended June 30, 2015. The fiduciary net position, as well as
additions to and deductions from the fiduciary net position, of MPERS, MERS, and FRS have been
determined on the same basis as they are reported by MPERS, MERS, and FRS. The financial
statements were prepared using the accrual basis of accounting. Member and employer
contributions are recognized when due, pursuant to formal commitments and statutory requirements.
Benefits and refunds of employee contributions are recognized when due and payable in accordance
with the statutes governing MPERS, MERS, and FRS. Expenses are recognized when the liability
is incurred, regardless of when payment is made. Investments are reported at fair value on a trade
date basis. The fiduciary net position is reflected in the measurement of the City's proportionate
share of the plan's net pension liability, deferred outflows and inflows of resources related to
pensions, and pension expense.
Net position as of June 30, 2014, has been restated as follows for the implementation of GASB
Statement No. 68, as amended by GASB Statement No. 71:
MERS
MPERS
TOTAL
Governmental funds net position as previously reported at June 30, 2014
2,590,660
Prior period adjustment:
Net Pension Liability (measurement date June 30, 2013)
(1,526,494) (1,157,316) (2,683,810)
Deferred Outflows of Resources:
Contributionsmadeduringfiscalyearended June 30,2014
117.359
113.358
230.717
Total GASB 68 prior period adjustment
(1.409.1351 (1.043.9581 (2,453,093)
Prior period adjustment-See Note O
(121.5121
Governmental funds net position as restated, June 30, 2014
16.055
36

NOTE B - PROPERTY TAXES
For the year ended June 30, 2015 taxes of 16.90 mills were levied on property with assessed
valuations totaling $19,229,980 and were dedicated as follows:
6.75 mills with no expiration
5.52 which expires in 2016
General corporate purposes

Fire protection purposes
Sewer district purposes
Sewer district purposes
Total taxes levied were $326,194.
Property tax millage rates are adopted in July for the calendar year in which the taxes are levied
and recorded. All taxes are due and collectible when the assessment rolls are filed on or before
November 15th of the current year, and become delinquent after December 31st. Property taxes
not paid by the end of February are subject to lien.
NOTE C - RECEIVABLES
Receivables at June 30, 2015, consisted of the following:
General Fund:
Accrued franchise taxes receivable
Other receivables
Due from other governments
Utility system enterprise fund:
Accounts receivable - customers
Special revenue funds:
Sales tax receivable
Gaming revenue receivable
$ 74,322
24,572
29,634
238,283
201,950
37.055
$ 605.816
Total
Note D - CAPITAL ASSETS

Balance
06/30/14
Governmental Activities:
Capital assets not being depreciated:
Land
Other capital assets:
Buildings
Vehicles
Equipment, furniture and fixtures
Improvements other than buildings
Infrastructure
Totals
Less accumulated depreciation:
Buildings
Vehicles
Equipment, furniture and fixtures
Improvements other than buildings
Infrastructure
Total accumulated depreciation
Capital assets, net
532,583
6,105,341
1,048,548
1,328,932
467,359
1.527.400
11.010.163
Additions
$
270,153
54,683
583,596
43,590
98,860
324.836
726.046
4,096,156
947,992
1,006,385
238,414
368.041
6.656.988
131,309
53,090
49,671
56,612
496,056
41,689
95,638
290,682
633.383
3 4.353.175
34,154
37
Balance
06/30/15
Deletions
92.663
532,583
5,521,745
1,275,111
1,284,755
467,359
1.527.400
10.608.953
3,731,409
959,393
960,418
295,026
368,041
6.314.287
.i;
4204666

Business-Type Activities;
Capital assets not being depreciated
Land
Other capital assets:
Water system
Sewer system
Totals
Less accumulated depreciation:
Water system
Sewer system
Total accumulated depreciation
Business-Type Activities,
Capital assets, net
70,543
70,543
6,000
7,950
16.811
24,761
4,202,518
12.270.405
16,543,466
105,583
279.773
385,356
7,950
16.811
24.761
1,999,868
6.653.606
8.653.474
4,204,468
12.287.216
16,562,227
6,000
1,902,235
6.390.644
8.292.879
$ 8.269.348
Depreciation expense for the year ended June 30, 2015 was $290,682 and $385,356 for the governmental
activities and the business-type activities, respectively.
Depreciation expense was charged to governmental activities as follows:
General government
Police
Fire
Public Works
Total depreciation expense
87,103
46,157
49,467
57,278
50.677
$ 290.682
Depreciation expense was charged to business-type activities as follows:

Water
Sewer
Total depreciation expense
$ 105,583
279.773
NOTE E - ACCOUNTS PAYABLES

The following is a summary of payables at June 30, 2015:
Glass of Pavable:
Governmental
Activities
Funds
Accounts
917.602
Business
Activities
Funds
$
64.359
NOTE F - PENSION PLANS

Municipal Police Emplovees Retirement Svstem of Louisiana (MPERS Svstem)
Police officers of the City are eligible to participate in the Municipal Police Employees Retirement
System of Louisiana. This system is a cost-sharing, multiple-employer defined benefit pension plan
administered by a separate board of trustees. Pertinent information relative to the plan follows:
Plan Description. All full-time police department employees engaged in law enforcement are
required to participate in the System (an Internal Revenue Code 401(a) system). Employees who
retire at or after age 50 with at least 20 years of creditable service or at or after age 55 with at least
12 years of creditable service are entitled to a retirement benefit, payable monthly for life, equal to
3 1/3% of their final-average salary for each year of creditable service. Final-average salary is the
employee's average salary over the 36 consecutive or joined months that produce the highest
average. Employees who terminate with at least the amount of creditable service stated above, and
do not withdraw their employee contributions, may retire at the ages specified above and receive
38

the benefit accrued to their date of termination. The System also provides death and disability
benefits. Benefits are established or amended by state statute.
The System issues an annual publicly available financial report that includes financial statements
and required supplementary information for the System. That report may be obtained by writing to
the Municipal Police Employees Retirement System of Louisiana (www.lampers.org), 7722 Office
Park Boulevard, Suite 200, Baton Rouge, Louisiana 70809-2250, or by calling (225) 929-7411.
Funding Policy. Plan members are required by state statute to contribute 10% of their annual
covered salary and the City is required to contribute at an actuarially determined rate. The required
rate is 31.5% of annual covered payroll. The contribution requirements of plan members and the
City are established and may be amended by state statute. As provided by La. R.S. 11:103, the
employer contributions are determined by actuarial valuation and are subject to change each year
based on the results of the valuation for the prior fiscal year. The City contributions to the System
for the years ending June 30, 2015, 2014, and 2013 were $124,308, $113,358, and $152,504,
respectively. These amounts are equal to the required contributions for each year.
Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred
inflows of Resources Related to Pensions
At June 30, 2015, the City reported a liability of $854,737 for its proportionate share of net pension
liability. The net pension liability was measured as of June 30. 2014 and the total pension liability
used to calculated the net pension liability was determined by an actuarial valuation as of that date.
The City's proportion of the net pension liability was based on a projection of the City's long-term
share of contributions to the pension plan relative to the projected contributions of all participating
municipalities, actuarially determined. At June 30,2014 the City's proportion was 0.136625%, which
was a decrease of 0.08249% from its proportion measured as of June 30, 2013.
For the year ended June 30, 2015, the City recognized pension expense of $90,963. At June 30,
2015, the City recognized deferred outflows of resources and deferred inflows of resources related
to pensions from the following:
Deferred Outflows
of Resources
Differences between expected and actual
experience
Net difference between projected and actual
earnings pension plan investments
Changes of assumptions
Changes in proportion
Changes in proportion and differences between
City contributions and proportionate share of
contributions
City contributions subsequent to the
measurement date
Total
Deferred Inflows
of Resources
15,033
193,426
231
49,423
647
124.308
$ 124.955
:
$ 258 113
The $124,308 reported as deferred outflows of resources related to pensions resulting from the City
contributions subsequent to the measurement date will be recognized as a reduction of the net
pension liability in the year ended June 30, 2016. Other amounts reported as deferred outflows and
deferred inflows of resources related to pensions will be recognized in pension expense as follows:
39

Year ended June 30:
$ 69,918
69,918
69,918
48,359
2016
2017
2018
2019
2020
Thereafter
Total
3 258.113
Actuarial assumptions. The total pension liability in the June 30, 2014 actuarial valuation was
determined using the following actuarial assumptions, applied to all periods included in the
measurement:
Entry Age Normal Cost
7.5%, net of investment expense
4 years
3%
Salary Growth Rate
Years of Service
10%
1
6%
2
4.3%
3-19
20-29
5.5%
30 & Over
4%
Actuarial Cost Method

Investment Rate of Return
Expected Remaining Service Lives
Inflation rate
Salary increases,
including inflation and merit
The mortality rate assumption used was set based upon an experience study on plan data for the
period July 1, 2003 through June 30,2008 and review of similar law enforcement mortality. The data
was then assigned credibility weighting and combined with a standard table to produce current levels
of mortality. This mortality was then projected forward to a period equivalent to the estimated duration
of the System's liabilities. Annuity values calculated based on this mortality were compared to those
produced by using a set-back of standard tables. The rest of the procedure indicated that the tables
used would produce liability values approximating the appropriate generational mortality tables.
Discount rate. The discount rate used to measure the total pension liability was 7.5%. The projection
of cash flows used to determine the discount rate assumed that contributions from plan members will
be made at the actuarially determined rates approved by PRSAC taking into consideration the
recommendation of the System's actuary. Based on those assumptions, the System's fiduciary net
position was projected to be available to make all projected future benefit payments of the current
plan members. Therefore, the long-term expected rate of return on pension plan investments was
applied to all periods of projected benefit payments to determine the total pension liability.
Sensitivity of the City's proportionate share of pension liability to changes in the discount rate. The
following presents the City's proportionate share of the net pension liability calculated using the
discount rate of 7.5% as well as what the City's proportionate share of the net pension liability would
be if it were calculated using a discount rate that is one percentage point lower (6.5%) and one
percentage point higher 8.5% that the current rate:
1%
City's proportionate share of

the net pension liability
Decrease
(6.5%)
Discount
Rate
(7.5%)
1%
Increase
(8.5%)
$1,234,094
$854,737
$536,112
40

Firefighters' Retirement System of Louisiana (FRS System)

Firefighters of the City are eligible to participate in the Firefighters' Retirement System of Louisiana.
This system is a cost-sharing, multiple-employer defined benefit pension plan administered by a
separate board of trustees. Pertinent information relative to the plan follows:
Plan Description. All full-time fire department employees engaged in fire protection are required to
participate in the System. Employees who retire at or after age 50 with at least 20 years of creditable
service, or at or after age 55 with at least 12 years of creditable service, or who have 25 years of
service at any age are entitled to annual pension benefits equal to three and one-third percent (3
1/3%) of their average final compensation based on the 36 consecutive of highest pay multiplied by
their total years of service. Employees may elect to receive their pension benefits in the form of a
joint and/or survivor annuity. If employees terminate before rendering twelve years of service, they
forfeit the right to receive a portion of their accumulated plan benefits related to their employer's
contributions. Benefits are payable over the employees' lives in the form of a monthly annuity.
Benefit and contribution requirements are established or amended by state statute.
the Firefighters' Retirement System of Louisiana (www.lafirefightersret.com), PO Box 94095, Capital
Station, Baton Rouge, Louisiana 70804-9095, or by calling (225) 925-4060.
Funding Poiicy. Plan members are required by state statute to contribute 10% of their annual
covered salary and the City is required to contribute at an actuarially determined rate. The required
rate is 29.25% of annual covered payroll. The City's fire department began participating in this plan
effective July 1, 2013. City contributions to the System for the years ending June 30, 2015 and
2014 was $40,054 and 37,339, respectively. This amount is equal to the required contribution for
this year.
Inflows of Resources Related to Pensions
liability. The net pension liability was measured as of June 30, 2014 and the total pension liability
municipalities, actuarially determined. At June 30, 2014 the City's proportion was 0.058989%, which
was an increase of .058989% from its proportion measured as of June 30, 2013.
For the year ended June 30, 2015, the City recognized pension expense of $66,307. At June 30,
Deferred Outflows
of Resources
experience
earnings on pension plan investments
contributions
41
Deferred Inflows
of Resources
6,425
161
23,299
262,275
22,722

measurement date
Total
40.054
$ 302.329
52.607
deferred inflows of resources related to pensions with be recognized in pension expense as follows:
Year ended June 30:
2015
2016
2017
2018
2019
2020
36,790
36,790
36,790
36,790
42,614
42,616
Thereafter
Total
measurement:
7 years
3%
Varies from 15% in 1' 2 years of service to
5.5% after 14 years
Only those previously granted

Inflation rate
Salary increases,
including inflation and merit
Cost of Living Adjustments
The mortality rate assumption used was set based upon an experience study on plan data for the
period July 1, 2004 through June 30, 2009. The data was then assigned credibility weighting and
combined with a standard table to produce current levels of mortality. This mortality was then
projected forward to a period equivalent to the estimated duration of the System's liabilities. Annuity
values calculated based on this mortality were compared to those produced by using a set-back of
standard tables. The rest of the procedure indicated that the tables used would produce liability
values approximating the appropriate generational mortality tables.
Discount rate. The discount rate used to measure the total pension liability was 7.5%. The projection
of cash flows used to determine the discount rate assumed that contributions from plan members will
be made at the actuarially determined rates approved by PRSAC taking into consideration the
recommendation of the System's actuary. Based on those assumptions, the System's fiduciary net
position was projected to be available to make all projected future benefit payments of the current
plan members. Therefore, the long-term expected rate of return on pension plan investments was
applied to all periods of projected benefit payments to determine the total pension liability.
Sensitivity of the City's proportionate share of pension iiabiiity to changes in the discount rate. The
42

1%
Decrease
(6.5%)
$385,910
Discount
Rate
(7.5%)
$262,498
1%
Increase
(8.5%)
$158,796
Municipal Employees Retirement System of Louisiana (MERS System)

Plan Description. The System is composed of two distinct plans. Plan A and Plan B, with separate
assets and benefits provisions. All employees, other than police and firefighters, of the municipality
are members of Plan A.
All permanent employees working at least 35 hours per week who are not covered by another
pension plan and are paid wholly or in part from municipality funds and all elected municipal officials
are eligible to participate in the System. Under Plan A, employees who retire at or after age 60 with
at least 10 years of creditable service or at or after age 55 with at least 25 years of creditable service,
or at any age with at least 30 years of creditable service are entitled to a retirement benefit, payable
monthly for life, equal to 3% of their final-average salary for each year of creditable service.
Final-average salary is the employee's average salary over the 36 consecutive or joined months
that produce the highest average. Employees who terminate with at least the amount of creditable
service stated above, and do not withdraw their employee contributions, may retire at the ages
specified above and receive the benefit accrued to their date of termination. The System also
provides death and disability benefits. Benefits are established or amended by state statute.
the Municipal Employees Retirement System of Louisiana (www.mersla.com), 7937 Oak Park
Boulevard, Baton Rouge, Louisiana 70809, or by calling (225) 925-4816.
Funding Policy. Under Plan A, members are required by state statute to contribute 9.50% of their
annual covered salary and the City is required to contribute at an actuarially determined rate. The
required rate is 19.75% of annual covered payroll. Contributions to the System also include onefourth of 1% of the taxes shown to be collectible by the tax rolls of the parish. These tax dollars are
divided between Plan A and Plan B based proportionately on the salaries of the active members of
each plan. The contribution requirements of plan members and the City are established and may
be amended by state statute. As provided by La. R.S. 11:103, the employer contributions are
determined by actuarial valuation and are subject to change each year based on the results of the
valuation for the prior fiscal year. The City contributions to the System for the years ending June 30,
2015, 2014, and 2013 were $117,726, $117,359, and $136,012, respectively. These amounts are
equal to the required contributions for each year.
Inflows of Resources Related to Pensions
liability. The net pension liability was measured as of June 30, 2014 and the total pension liability
municipalities, actuarially determined. At June 30, 2014 the City's proportion was 0.355441%, which
was a decrease of 0.13707% from its proportion measured as of June 30, 2013.
For the year ended June 30, 2015, the City recognized pension expense of ($64,282). At June 30,
43

Deferred Outflows
of Resources
experience
earnings on pension plan investments
contributions
measurement date
Total
Deferred Inflows
of Resources
$ 47,959
84,634
3,593
283,224
117.726
deferred inflows of resources related to pensions with be recognized in pension expense as follows:
Year ended June 30:
2015
2016
2017
2018
2019
$ 186,750
186,750
21,159
21,158
Thereafter
Total
$415.817
measurement:
Inflation rate
Projected salary increases
Cost of living adjustments

3 years
3%
5.75% (3% Inflation, 2.75% Merit)
Previously granted cost of living
adjusments
The mortality rate assumption used was set by combining data from this plan with three other
statewide plans which have a similar workforce composition in order to produce credible experience.
The aggregated data was collected over the period July 1, 2006 through June 30, 2010. The data
was then assigned credibility weighting and combined with a standard table to produce current levels
of mortality. This mortality was then projected forward to a period equivalent to the estimated duration
of the System's liabilities. Annuity values calculated based on this mortality were compared to those
produced by using a set-back of standard tables. The rest of the procedure indicated that the tables
used would produce liability values approximating the appropriate generational mortality tables used.
44

Discount rate. The discount rate used to measure the total pension liability was 7.75%. The
projection of cash flows used to determine the discount rate assumed that contributions from plan
members will be made at the current contribution rates and that contributions from participating
employers will be made at the actuarially determined rates approved by PRSAC taking into
consideration the recommendation of the System's actuary. Based on those assumptions, the
System's fiduciary net position was projected to be available to make all projected future benefit
payments of the current plan members. Therefore, the long-term expected rate of return on pension
plan investments was applied to all periods of projected benefit payments to determine the total
pension liability.
Sensitivity of the City's proportionate share of pension liabiiity to changes in the discount rate. The

1%
Decrease
(6.75%)
Discount
Rate
(7.75%)
1%
Increase
(8.75%)
$1,266,585
$912,220
$609,002
NOTE G - LONG-TERM DEBT

The following is a summary of bonds, certificates of indebtedness, and other long-term debts
owed by the City for the year ended June 30, 2015:
June 30,
2014
Sewer revenue bond
Revolving loan
General obligation bonds
Certificates of indebtedness
Capital lease obligations
Accrued leave benefits
$2,858,000
722,412
280,000
230,000
181,049
39.108
45
Additions
$
241,072
:
$ 241.072
Deletions
June 30,
2015
$(146,000)
(90,000)
(65,000)
(75,000)
(47,914)
(10.185)
$ 1434.0991
$2,712,000
632,412
215,000
155,000
374,207
28.923
$4,117.542

Sewer Revenue Bonds Pavable-ProDrietarv:
Sewer revenue bond, Series 2009 dated 09/03/09, original issue not to
Exceed $2,500,000, amended as Series 2010 not to exceed $3,146,000,
bearing interest at .95% per annum, and shall mature over a period not
to exceed 22 years. This bond is secured by and payable from income
and revenues derived by the utility operating system after paying
reasonable and necessary expenses of operation.
Subtotal - Proprietary
$ 2,712,000
2,712,000
Revolving Loan-Governmental:
Revolving loan payable to the Louisiana Department of Environmental
Quality (LDEQ) dated November 1,1999. Payment terms require interest
only from inception through February 1, 2002 at a rate of 3.45% plus an
annual administrative fee of one-half of one percent (.5%) of the outstanding
principal balance of the loan. The loan is secured by a borrower bond
issued to the Louisiana Department of Health and Hospitals in the amount
of $1,500,000. The bond is secured by a pledge of the City's 1% sale tax.
632,412
General Obligation Bond-Governmental:

General obligation bond. Series 2003, dated 07/01/03, original issue of
$800,000, retired semiannually on March 1 and September 1 in various
installment amounts, interest rate not to exceed 6% per annum, final
maturity 3/1/18.
215,000
Certificates of Indebtedness Pavable-Governmental:

Certificate of indebtedness. Series 2002 dated 10/01/02, originai issue of
$850,000, retired semiannually on May 1 and November 1 in various
installment amounts, interest rate at 3.15% to 3.45% per annum, final
maturity on 05/01/17.
155,000
Caoitai Lease Obiigations Pavable-Governmental:

Capital lease payable, dated 10/8/12, original issue of $142,241 retired
semiannually on April 8 and October 8 retired in instaliments of $11,708
with interest at 3.9%, final maturity on 10/8/19, secured by firefighting
equipment.
Capital lease payable, dated 07/02/14 original issue of $241,072 retired
annuaily on September 15 in installments of $20,917 with interest at 3.5%.
Final maturity 09/15/2028, secured by fire-fighting equipment.
95,873
228,161
Capital lease payable, dated 04/10/13, original issue of $29,576 retired

monthiy in installments of $562 with interest at 5.499%, final maturity on
03/10/18, secured by a police truck.
16,728
Capital leases payable, dated 06/12/13, original issue of $54,510 (2 at

$27,255) retired monthly in installments of $1,036 (2 at $518) with interest
at 5.499%, final maturity on 05/12/18, secured by two police vehicles.
33,445
Accrued Leave Benefits Pavable
28.923
Subtotal - Governmental
Total
1.405.542
$4.117.542
46

The annual requirements to amortize all debt outstanding as of June 30, 2015, excluding accrued
leave benefits payable. Including Interest payments of $414,328 are as follows:
Year Ending
June 30.
$
2016
2017
2018
2019
2020
2021-2025
2026-2030
2031-2032
Totals
^ntgrpri?? Agtiviti??
Totals
Interest
Principal
Pavments
Pavments
147,000
150,000
151,000
152,000
154,000
789,000
827,000
342.000
$2,712,000
50,441
40,203
29,082
20,888
15,159
26,897
6,869
$ 189.539
$ 1.376.619
Principal
Pavments
$
289,585
301,769
229,866
145,614
136,368
196,617
76,800
Totals
Interest
Pavments
$
25,066
23,655
22,225
20,786
19,333
74,418
36,048
3.258
$ 224.789
In accordance with La. R.S. 39:562, the City Is legally restricted from Incurring long-term bonded debt
(payable solely from ad valorem taxes) In excess of 35% of the assessed value of taxable property
In the City. At June 30, 2015 the statutory limit Is $6,730,493.
NOTE H - RESTRICTED ASSETS
Restricted assets, at June 30, 2015, consisted of the following:
Cash
and Cash
Equivalents
$ 83,477
151,833
17.609
Customers' deposit accounts

Debt service account
Sewer plant replacement accounts
Total restricted assets - proprietary
$252.919
Actual
Required
Over
(Under)
Requirements consisted of the following at June 30, 2015:

Sewer revenue bond sinking account
$ 144,375
7,458
Sewer revenue bond reserve account
17,609
Sewer revenue bond depreciation and contingency account
83.477
Customer deposits - gas and water and sewer
$ 173,529 $ (29,154)
87,978
(80,520)
507,000 (489,391)
73.100
10.377
$ 252.919
$841.607 $(588.6881
Total restricted assets - proprietary funds

NOTE I - RISK MANAGEMENT
The City Is exposed to various risks of loss related to torts; theft of, damage to and destruction of
assets; errors and omissions; Injuries to employees; and natural disasters. The City maintains
commercial Insurance coverage covering each of those risks of loss. Management believes such
coverage Is sufficient to preclude any significant uninsured losses to the City. Settled claims have
not exceeded this commercial coverage In any of the past three fiscal years.
47

NOTE J - CONTINGENCIES
The City participates in a number of federal and state grant programs that are either partially or fully
funded by grants received from other governmental units. Such grants are subject to audit by the
grantor agencies which could result in requests for reimbursement to the granting agency for
expenditures that are disallowed under the terms of the grant. Based on past experience, the City
believes that any disallowed costs as a result of such audits will be immaterial.
NOTE K - TRIBAL STATE COMPACT COMPLIANCE
The operating transfers out of the gaming fund to the other funds were used entirely for
reimbursement of police salaries of $158,110.
NOTE L - ON-BEHALF PAYMENTS FOR SALARIES

The State of Louisiana pays a portion of the salaries of the City's police officers and fire fighters.
These on-behalf payments have been recorded in the accompanying financial statements in
accordance with GASB Statement 24 as intergovernmental revenues and expenditures as follows:
Intergovernmental Revenues:
State-Police
State-Firefighters
Total
$ 77,750
30.250
$ 108.000
Expenditures:
Salaries-Police
Salaries-Firefighters
$ 77,750
30.250
NOTE M - DEFICIT FUND BALANCE

As of June 30, 2015 the following individual funds had deficit fund balances in the amounts shown:
General Fund
$ (586,802)
Total
$ r586.8021
The City anticipates future operating profits to be used to bring the fund balance deficit to a
positive balance over time.
NOTE N - OPERATING TRANSFERS

Operation transfers consisted of the following at June 30, 2015:
Major funds:
General fund
Sales tax fund
Gaming fund
Fire department
Bonded debt
Utility fund
Transfers
In
Transfers
Out
$2,047,548
12,200
263,603
543,354
279.769
$ 365,458
1,210,231
158,110
$3.146.474
48
186,033
1.226.642

Operating transfers are used to move revenues from the fund that is required by statute or budget to
collect them to the fund that is required by statute or budget to expend them. Most of the operating
transfers are from the proprietary and the sales tax funds into the general fund. The gaming fund
transfers are normally used to cover a portion of police salaries and sometimes police capital outlays.
NOTE O - PRIOR PERIOD ADJUSTMENTS
General fund - All financial statements:
Governmental activities on the fund financial statements:
The general fund reported the following prior period adjustments 1) The City's retirement
payable to Louisiana State Employees Retirement System (LASERS) was understated on the
prior year financial reports. The city court judge was not previously participating in this
retirement fund as required. She has effectively migrated her retirement to be included in
LASERS and a liability as of June 30, 2014 of $42,566 was created, and 2) The City
miscalculated the balances due in taxes, penalties, and interest to the federal and state
governments for payroll taxes and the liability of $78,946 was not accurately reported on the
balance sheet at June 30, 2014.
Account
As Originally
Reported
Accounts payable and

accrued liabilities
Total
$ (867.312)
S 1867.3121
$
$
Prior Period
Adjustment
As Restated
(121.512)
M21.5121
$ (988.824)
$ (988.8241
Governmental activities on the government-wide financial statements:

On the government-wide financial statements the same prior period adjustments were reported
as noted in the fund financial statements as explained above.
49
' 1
REQUIRED SUPPLEMENTARY INFORMATION
50

General Fund
Budgetary Comparison Schedule
Year Ended June 30, 2015
With Comparative Actual Amounts for Year Ended June 30, 2014
2015
Budaet
REVENUES
Taxes;
Ad valorem
Public utility franchise
Beer tax
Total taxes
Licenses and permits
Intergovernmental:
Housing authority - in lieu
of taxes
Federal grant
State of Louisiana State grant
Street maintenance
Local grant
Total intergovernmental
Fines and forfeitures:

Court fines
Penalties
Total fines and forfeitures
Miscellaneous:
DMV Fees
Interest
Rental income
Miscellaneous
Total miscellaneous
Total revenues
122,100
295,000
10.285
427.385
Actual
Final
Oriainal
127,877
322,458
10.008
460.343
127,876
287,901
9,868
425.645
Variance
Favorable
tUnfavorablel
2014
Actual
(1) $
(34,557)
(14Qi
134.6981
131,222
308,750
10.189
450.161
210.000
238.943
206.529
132.414)
208.313
22,000
21,283
20,159
52,244
(1.124)
52,244
21,283
18,431
70,000
9,450
59,647
9,450
116,309
9,450
14.052
212.214
56,662
141,245
9,450
19.525
209.934
101.450
90.380
83,000
4.700
87.700
84,855
5.134
89.989
102,792
21,900
150
45,000
50.000
117.050
943.585
14.052
121.834
102.792
17,937
15.134)
12.803
93,646
19.566
113.212
22,631
238
47,105
102.714
172.688
22,630
239
64,796
59.161
146.826
(1)
1
17,691
143.553)
125.862)
22,036
60
43,257
76.229
141.582
$ 1.052.343
$ 1.094.006
41,663
$ 1.123.202
51

General Fund - Continued
2015
Budoet
Oriainal
EXPENDITURES
General government:
Legislative Salaries
Employee health insurance
Payroll taxes
Travel and meetings
Total legislative
Judicial Salaries
Retirement
Operating and maintenance
Payroll taxes
Total judicial
33,000
5,212
2,525
3.500
44.237
Actual
Final
34,268
5,646
2,621
551
43.086
93,630
39,811
96,997
36,405
4,682
12,132
138.123
Executive Salaries
Retirement
Payroll taxes
Travel
Total executive
Legal Salaries
District attorney
Payroll taxes
Total legal
Financial administration Salaries
Retirement
Payroll taxes
Office and operating supplies
Repairs and maintenance
Professional services
Telephone
Travel and meetings
Printing and advertising
Utilities
Insurance
Miscellaneous
Rental property
33,886
5,646
2,622
551
42.705
Variance
Favorable
(Unfavorable)
382
-
(1)
-
381
(1,006)
11,448
(12,161)
145.534
98,003
24,957
12,161
12,132
3.523
150.776
34,757
6,864
6,024
504
2.500
50.649
36,094
7,824
6,546
504
1.335
52.303
36,227
6,699
6,527
523
1.335
51.311
(133)
1,125
19
(19)
27,000
18,000
2.080
47.080
27,000
18,000
2.080
47.080
29,475
18,000
2.238
49.713
(2.475)
154,908
24,155
26,059
3,729
46,000
6,500
89,500
7,500
2,060
6,500
18,700
160,000
168,459
41,900
3,618
3,983
33,968
1,576
54,270
16,835
3,539
10,873
14,158
160,000
5,000
600
168,018
35,876
3,618
3,983
32,471
1,501
54,270
16,034
3,539
12,277
13,484
96,616
6,660
475
441
6,024
52
(3.523)
(5.242)
992
(158)
(2.633)
1,497
75
-
801
-
(1,404)
674
63,384
(1,660)
125
2014
Actual
33,125
2,733
2,659
3.316
41.833
93,357
14,200
17,730
17,086
2.847
145.220
34,890
6,791
-
504
2.133
44.318
27,000
18,000
2.066
47.066
176,555
13,851
49,375
4,137
27,114
5,698
60,459
15,364
2,088
5,774
18,039
98,785
9,169
524

2015
Budaet
Oriainal
Total general government
iblic Safety Salaries

Retirement
Payroll taxes
Telephone
Leased vehicles
Utilities
Insurance
Uniform expense
Personnel training
Care of prisoners
Gas, oil, tires, and batteries
Miscellaneous
Subtotal
Capital outlays
Debt Service
Principal retirement
Interest
Total public safety
Actual
Final

2,620
Tax assessor fees
6,400
LMA convention
Computer maintenance agreement 4,720
Damage expenses
6,500
Dues and subscriptions
3.200
Subtotal
569,051
Capital outlays
569.051
Total financial admin.
Variance
Favorable
tUnfavorablel
73,716
3,701
6,102
1,220
758
6,026
4.218
508,955
73.716
508.955
764.335
67.214
787.392
763,287
169,245
90,242
26,655
11,838
2,382
9,843
(107,775)
(39,072)
1,900
6,122
3,859
4,720
1,396
3.061
539,837
3.709
543.546
1,947
6,122
3,859
980
1,330
3.061
466,121
3.709
469.830
849.140
831.549
624,606
157,527
84,000
11,963
12,500
14,000
14,000
23,267
19,500
48,000
5,000
5,000
2,500
36,650
1,058,513
31,056
655,512
130,173
90,242
21,953
12,205
2,494
10,335
23,267
26,343
48,000
1,500
3,184
2,500
31,300
1.565
1,060,573
31,056
1.089.569
1.091.629
53
2014
Actual
23,998
185,777
1,062
2,984
147
32,235
1.727
1,321,422
31,056
15,923
3.262
1.371.663
(47)
-
3,740
66
-
(4,702)
367
112
492
23,267
2,345
(137,777)
438
200
2,353
(935)
(162)
(260,849)
-
(15,923)
(3.262)
(280.034)
750,214
113,358
81,278
27,530
20,178
3,828
18,279
2,199
3,921
41,620
379
6,657
2,708
34,948
4.212
1,111,309
7,553
14,225
3.836
1.136.923

2015
Budoet
Orlalnal
jalth and Recreation Salaries
Retirement
Employee health Insurance
Payroll taxes

Utilities
Insurance
Coroner
Civic center
Christmas lighting
Miscellaneous
Subtotal
Capital outlays
Total health and recreation
jbllc Works Salaries

Retirement
Employee health Insurance
Payroll taxes
Utilities
Insurance
Miscellaneous
Subtotal
Capital outlays
Total Public Works
Total expenditures
Final
Actual
Variance
Favorable
^Unfavorable)
2014
Actual
29,656
4,313
10,424
1,687
2,500
5,000
33,500
4,857
6,500
2,120
2,500
1,500
4.500
109,057
109.057
29,015
5,254
5,429
1,055
12,000
5,181
37,749
5,099
5,500
3,100
1,500
2.500
113,382
113.382
28,437
4,499
5,429
1,055
11,101
4,935
41,862
7,515
5,250
3,277
2,872
1,060
1.979
119,271
119.271
578
755
899
246
(4,113)
(2,416)
250
(177)
(2.872)
440
521
(5,889)
f5.889)
45,974
19,596
29,993
1,009
2,728
7,819
37,955
2,673
10,934
3,443
7,357
960
1.059
171,500
171.500
142,438
25,667
36,483
2,951
10,000
32,000
88,000
12,000
4,000
22.500
376,039
376.039
137,496
20,900
28,877
4,328
8,500
19,000
90,000
12,500
3,600
12.500
337,701
6.000
343.701
184,955
17,895
28,877
4,717
8,787
18,471
116,732
37,265
5,834
11.624
435,157
_
435.157
(47,459)
3,005
(389)
(287)
529
(26,732)
(24,765)
(2,234)
876
(97,456)
6.000
(91.456)
138,124
32,442
32,943
3,878
13,049
13,943
91,023
5,842
6,809
23.278
361,331
20.873
382.204
$ 2 423 805
$ 2.380.261
$ 2.690.426
$ (310.165)
S 2.478.019
54

Special Revenue Fund
Sales Tax Fund
2015
Budget
Revenues:
Taxes
Less: collection fees
Miscellaneous
Original
Final
$ 1,180,000
(23,600)
7
$ 1,214,672
(28,412)
76
Total revenues
Actual
Variance
Favorable
(Unfavorablel
$ 1,219,836 $
(25,482)
88
2014
Actual
5,164
2,930
12
$ 1,182,283
(27,205)
^
1.156.407
1.186.336
1.194.442
8.106
1.155.126
1.156.407
1.186.336
1.194.442
8.106
1.155.126
n.156.4071
(1.156.4071
(1.153.1371
(1.153,137)
(1.198.0311
(1.198,031)
(44.8941
(44.8941
(1.133.1951
(1.133.1951
33,199
(3,589)
(36,788)
21,931
191.956
Expenditures:
General government Total expenditures
Excess of revenues over
expenditures
Other financing uses:
Operating transfers out
Total other financing uses
Excess (deficit) of revenues over (under)
expenditures and other uses
Fund balance, beginning
Fund balance, ending
213.887
$
213.887
213.887
$
55
247.086
213.887

Gaming Revenue Fund
2015
Variance
Favorable
(Unfavorable)
Budget
Revenues:
Intergovernmental
Compact gaming revenues
Interest income
Total revenues
Original
Final
160,000
$ 157,877
Actual
$ 154,658
Other Financing Uses:

Operating transfers
Total other financing uses
cm
15
157.892
154.660
(3.232)
169.399
53
53
i53)
i53)
45
45
13
160,024
157,892
154,607
(3,285)
169,354
(160.024)
M 60.024)
(170.015)
(170.015)
(158.110)
(158.110)
11.905
11.905
(173.500)
(173.500)
(12,123)
(3,503)
8,620
(4,146)
40.875
40.875
40.875
$
$ 169,386
24
Excess (deficiency) of revenues over

(under) expenditures and other uses
(3,219)
160.024
Expenditures:
General government
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
2014
Actual
40.875
56
28.752
37.372
45.021
$
40.875

Fire Department Fund
2015
Budoet
Final
Oriainal
Revenues:
TaxesAd valorem taxes
Fire Insurance tax
Intergovernmental - state
Total Revenues
103,216
31,750
15.250
150.216
146,000
61,390
8,000
15,000
12,000
21,234
6,000
6,000
-
119,149
71,403
10,500
9,500
10,604
22,000
3,500
1,750
-
149,409
81,720
9,559
8,873
11,697
55,401
5,084
743
290,072
(30,260)
(10,317)
941
627
(1,093)
(33,401)
(1.584)
1,007
(290,072)
157,411
76,027
7,750
30,619
14,860
11,153
7,400
891
10,607
275.624
23,417
271.823
31,991
12.342
656.891
(8,574)
(12.342)
(385.068)
18,353
5.064
340.135
Excess (deficiency) of revenues

over (under) expenditures
(141.624)
(133.195)
(488.015)
(354.820)
(189.919)
Other financing sources:

Capital lease proceeds
Operating transfers
Total other financing sources
150.900
150.900
130.855
130.855
241,071
263.603
504.674
241,071
132.748
373.819
192.097
192.097
Excess (deficiency) of revenues and

other sources over (under)
expenditures
9,276
(2,340)
16,659
18,999
2,178

723
9,999
723
723
17.382
.
18.999
(1,455)
57
30.248
30.248
MC
$ 106,878
31,750
30.248
168.876
2014
Actual
106,678
31,750
138.628
Expenditures:
Current
Public safety Salaries
Fringe benefits
Telephone and utilities
Training
Insurance
Miscellaneous
Capital outlays
Debt Service Principal retirement
Interest
Total Expenditures
102,000
32,000
134.000
Actual
Variance
Favorable
(Unfavorable)
CITY OF OAKDALE, LGUISIANA

General Fund
Schedule of City's Proportionate Share of
Net Pension Liability
Municipal Police Employee Retirement System (MPERS)
Last 10 Fiscal Years
Fiscal Yearnded June 30:
2014
2013
City's proportion of the net pension

liability (asset)
.136625%
City's proportionate share of the net

pension liability (asset)
$854,737 $1,157,316
City's covered-employee payroll
$394,627

pension liability (asset) as a percentage
of its covered-employee payroll
Plan fiduciary net position as a
percentage of the total pension
liability
2012
2011
.144874% Unavailable Unavailable
2010
2009
2008
2007
2006
2005
Unavailable Unavailable
Unavailable
Unavailable
Unavailable
Unavailable
$387,367
Unavailable Unavailable Unavailable
Unavailable
216.59%
298.76%
Unavailable
Unavailable
75.10%
66.71%
Unavailable
Unavailable
58

General Fund
Municipal Employee Retirement System (MERS) - Plan A
Fiscal Year Ended June 30:
2014
2013

liability (asset)
.355441%

$912,220 $1,526,494
$596,083

liability
2012
2011
.492511% Unavailable Unavailable
2010
2009
2008
2007
2006
2005
Unavailable
Unavailable
Unavailable
Unavailable
$612,943
Unavailable
Unavailable
153.04%
249.04%
Unavailable
Unavailable
73.99%
67.97%
Unavailable
Unavailable
59

General Fund
Firefighters' Retirement System (FRS)
2012
2011
2010
2009
2008
2007
2006
2005
2014
2013

liability (asset)
.058989%
0.00%
Unavailable
Unavailable

$262,496
Unavailable
Unavailable
$136,935
Unavailable
Unavailable

191.69%
0.00%
Unavailable
Unavailable
76.02%
0.00%
Unavailable
Unavailable

liability
60

General Fund
Schedule of City's Contributions
Municipal Police Employee Retirement System (MPERS)
2015
2014
2013
2011
2012
2010
2009
2008
2007
2006
Contractually required contribution
$ 124,308
$ 113,358
$ 152,504
$ 122,731
Unavailable
Contributions in relation to the

contractually required contribution
(124.308)
(113.358)
(152.504)
(122.731)
Unavailable
Contribution deficiency (excess)
$-
Unavailable
$394,627
$387,367
$491,570
Unavailable
Contribution as a percentage of
cover-employee payroll
32%
29%
31%
Unavailable
S-
61
Unavailable
Unavailable

General Fund
Schedule of City's Contributions
Municipal Employee Retirement System (MERS) - Plan A
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$117,726
$117,359
$136,012
$120,815
Unavailable

(117.7261
(117.3591
(136.0121
(120.8151
Unavailable
Unavailable
$800,106
Unavailable
17%
Unavailable
$_

$596,082
20%
$612,943
19%
62

General Fund
Schedule of City's Contributjons
Firefighters' Retirement System (FRS)
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$ 40,054
$ 33,339
Unavailable Unavailable Unavailable Unavailable
Unavailable

(40.054)
(33.339)
Unavailable
Unavailable
Unavailable
Unavailable
$136,935
$132,173
Unavailable
Unavailable
29%
28%
Unavailable
Unavailable
Unavailable
63
Unavailable

General Fund
Notes to Required Supplementary Information
for the Year Ended June 30, 2015
MPERS, MERS, and FRS
Changes in Assumptions or Other inputs. Changes In assumptions about future economic or demographic factors or
of other Inputs were recognized In pension expense using the straight-line amortization method over a closed period
equal to the average of the expected remaining service lives of all employees that are provided with pensions through
the pension plans.
Changes in Proportion. Changes In employer's proportionate share of the collective net pension liability and collective
deferred outflows of resources and deferred Inflows of resources since the prior measurement date were recognized
In employer's pension expense (benefit) using a straight-line amortization method over a closed period equal to the
average of the expected remaining service lives of all employees that are provided pensions through the pension
plans.
64
OTHER SUPPLEMENTARY INFORMATION
65

Proprietary Fund
Statements of Operating Expenses by Department
Years Ended June 30, 2014 and 2015
.2014
2filL
Water department:
$
Salaries
97,404 $
38,046
Fringe benefits
Supplies
Auto and truck expenses
Utilities
insurance
Other
Depredation
Total water department
36,825
51,675
16,595
8,538
139,495
6,400
9,629
105,076
471.637
34,549
48,254
29,308
6,509
179,165
19,550
3,032
105.583
463.996
iwer department:
Salaries
Fringe benefits
Supplies
Auto and truck expenses
Utilities
Insurance
Other
Depreciation
Total sewer department
113,776
51,604
41,260
61,287
19,834
172,510
8,068
4,081
288.334
760.754
92,044
37,459
64,734
16,138
10,478
198,452
26,440
10,374
279.773
735.892
$ 1.232.391 $1 199 888
Total operating expenses
66

Utility System Enterprise Fund
Schedule of Number of Utility Customers
(Unaudited)
June 30. 2015
Number of Customers
Water and sewer
Metered or estimated:
July, 2014
August, 2014
September, 2014
October, 2014
November, 2014
December, 2014
January, 2015
February, 2015
March, 2015
April, 2015
May, 2015
June, 2015
2136
2127
2116
2120
2121
2116
2101
2102
2095
2094
2118
2104
67

Schedule of Insurance In Force
(Unaudited)
June 30, 2015
Description of Goverace
Coverage Amounts
Workmen's Compensation:
Employer's liability - bodily injury by disease per accident
- bodily injury by disease policy limit
- bodily injury by accident per employee
Surety Bonds:
City clerk
$ 100,000
500,000
100,000
35,000
50,000
Other clerks
General liability:
CityBodily injury/property damage
Aggregate
PolicePersonal injury/property damage
Aggregate
500,000
500,000
500,000
500,000
Public officials' error and omissions
500,000
Automobile
500,000
Fire, extended coverage, blanket policy:

Buildings
Contents
8,160,927
601,200
Comprehensive liability and collision:

Fire equipment
1,000,000
68

Schedule of Compensation Paid to Mayor and Council Members
(Unaudited)
Gene Paul - Mayor

Owen Alsbury
George Ashy
Ralph Stapleton
Frederick Douglas
Ervin Willis
$ 34,757
6,000
7,500
7,200
6,300
5.998
Total Compensation Paid to Mayor and Council Members
69

Schedule of Compensation, Benefits and Other Payments to
Chief Executive Officer
For The Year Ended June 30, 2015
Chief Executive Officer: Gene Paul, Mayor

PurDose
Salary
Benefits-Insurance
Benefits-retirement
Benefits-cell phone
Car allowance
Vehicle provided by government
Amount
$34,757
6,024
6,864
996
-0-0-
Per diem
764
Reimbursements
Travel
Registration fees
Conference travel
Continuing professional education fees
Housing
Unvouchered expenses
Special meals
-0750
-0538
-0-0-0-0-
70
ROYCE T. SCIMEMI, CPA, APAC

CERTIFIED PUBLIC ACCOUNTANT
P.O. Box 210
Oberlm,LA 70655
Tele (337) 639-4334, Fax (337) 639-4068
Member
American Institute of
Member
Society of Louisiana
INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN
AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE
WITH GOVERNMENT AUDITING STANDARDS

December 31, 2015
We have audited, in accordance with the auditing standards generally accepted in the United States of America and
the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General
of the United States, the financial statements of the governmental activities, the business-type activities, and each major fund
of the City of Oakdale, Louisiana, as of and for the year ended June 30, 2015, and the related notes to the financial
statements, which collectively comprise the City of Oakdale, Louisiana's basic financial statements and have issued our
report thereon dated December 31, 2015.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City of Oakdale, Louisiana's
internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the
circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing
an opinion on the effectiveness of the City of Oakdale, Louisiana's internal control. Accordingly, we do not express an opinion
on the effectiveness of the City of Oakdale, Louisiana's internal control.
A deficiency in intemai control exists when the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions, to prevent or to detect and correct misstatements
on a timely basis. A matenai weakness is a deficiency, or combination of deficiencies, in internal control such that there is a
reasonable possibility that a material misstatement of the entity's financial statements will not be prevented or detected and
corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that
is less severe than a material weakness, yet important enough to merit attention by those charged with govemance.
Our consideration of internal control over financial reporting was for the limited purpose described in the first
paragraph of this section and was not designed to identify all deficiencies in internal control that might be material
weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not
identified. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to
be material weaknesses. However, material weaknesses may exist that have not been identified. We did identify a deficiency
in internal control, described in the accompanying schedule of findings and responses as Item 2015-1 l/C & C that we
consider to be a significant deficiency.
71

December 31, 2015
Page 2
Compliance And Other Matters
As part of obtaining reasonable assurance about whether the City of Oakdale, Louisiana's basic financial statements
are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts
and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial
statement amounts. However, providing an opinion on compliance 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 instances of noncompliance or other
matters that are required to be reported under Government Auditing Standards and which are described in the accompanying
schedule of findings and responses as Items 2015-1 l/C & C, 2015-2 C, 2015-3 C, 2015-4 C, and 2015-5 C.
City of Oakdale, Louisiana's Response to Findings
The City of Oakdale, Louisiana's response to the findings identified in our audit is described in the accompanying
management's corrective action plan for the current year audit findings and responses. The City of Oakdale, Louisiana's
response was not subjected to the auditing procedures applied in the audit of the financial statements and, accordingly, we
express no opinion on it.
Purpose of this Report
This purpose of this report is solely to describe the scope of our testing of internal control and compliance and the
results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This
report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's
internal control and compliance. Accordingly, this communication is not suitable for any other purpose. However, under
Louisiana Revised Statute 24:513, this report is distributed by the Legislative Auditor of the State of Louisiana as a public
document.
Royce T. Scimemi, CPA, APAC
12

Schedule of Findings and Responses
Summary of Auditors' Results
Financial Statements
Type of auditors' report issued: unqualified
internal control over financial reporting:
Material vveakness(es) identified?
Control deficiencies(s) identified that are

not considered to be material weakness(es)?
Noncompliance material to financial
statements noted?
yes
X
X no
yes
yes
none reported
X
no
Findings - Financial Statement Audit

Finding #2015-1 i/C & C:
Article 7. Section 14 of the 1974 Louisiana Constitution
Condition:
After the end of the fiscal year, a former utility clerk (Breanne Johnson) has been charged with theft in
the amount of $4,608. Restitution of that amount will be requested. The City police department has
investigated the infractions and arrested the utility clerk. The Louisiana Legislative Auditor and Alien
Parish District Attorney were formally notified as required by Louisiana Revised Statutes. The utility clerk
has plead not guilty and the case has not been tried as of the date of this report.
Criteria:
Controls over cash collections should closely monitored by management.
Cause:
Lack of internal controls.
Effect:
Possible violation of the Article 7, Section 14 of the 1974 Louisiana Constitution.
Recommendation: Strengthen oversight by performing surprise counts of cash by management.

Response:
See Corrective Action Plan
Finding #2015-2 C:
Reserve Fund Requirements on Sewer Revenue Bond Issue
Condition:
As of June 30, 2015, the City has not been funding the required reserve accounts in accordance with the
Sewer Revenue Bond Agreement associated with its Sewer Revenue Bond Issue. This was a prior year
finding.
Criteria:
Certain amounts are required under the Sewer Revenue Bond Issue to be deposited into certain accounts.
Cause:
Lack of available funds.
Effect:
Violation of the bond covenants.
Recommendation: Increase funding so that the required deposits can be made.

Response:
73

Schedule of Findings and Responses
Finding #2015-3 C:
Local Governmental Budget Act Compliance
Criteria:
The actual expenditures in the general fund's public safety, health and recreation, and public works
departments were in excess of budgeted amounts by more than 5%. The actual expenditures in the
gaming fund and the fire department fund were in excess of budgeted amounts by more than 5%.
Cause:
Budgets are being prepared with very conservative constraints on spending.
Effect:
Possible violation of the Louisiana Local Governmental Budget Act.
Recommendation: Closely monitor departmental budgets and annualize interim expenditures in calculating original and
amended budgets. This was a prior year finding.
Response:
Finding #2015-4 C:
Delinquent Pavroll Taxes
Criteria:
The federal and state tax codes require that payroll tax returns and payments be prepared and filed
accurately and timely. As of June 30, 2015, the City was delinquent in filing and paying federal and state
payroll taxes from several quarters. In addition, significant penalties have been and will be assessed for
failure to file and pay said taxes. The balance shown on the financial reports were $250,800 due to the
IRS regarding Form 941 taxes and $30,603 due to the State of Louisiana for Form L-1 taxes withheld.
This was a prior year finding.
Cause:
Lack of available funds.
Effect:
Penalties and late charges being assessed by the federal and state governments.
Recommendation: Management should institute procedures to document the timely filing of all payroll tax returns no matter
whether cash is available to reduce late filing penalties. Funding should be provided to get current in the
payment of these taxes.
Response:
Finding #2015-5 C:
Bond Principal Pavment Not Made When Due (Immaterial").
Criteria:
The August 1, 2014 debt service payment on the revolving loan payable to the Louisiana Department of
Environmental Quality (LDEQ) was not made when due. It was paid on August 14, 2014.
Cause:
Accounts payable clerk failed to follow through with authorized planned transactions.
Effect:
The City is not in compliance with the debt covenants. A $713 late fee was assessed along with interest
and administrative fees having to be brought up to date.
Recommendation: Management should institute procedures to staff take considerable precautions to ensure compliance by
timely submission in accordance with debt covenants.
Response:
Federal Award Findings and Questioned Costs

None
74

Management's Corrective Action Plan for
Current Year Audit Findings and
Responses (Unaudited)
Finding #2015-1 l/C&C:

The responsible personnel have been terminated and charges have been filed. Tighter internal controls and
oversight over the cash collection process has been initiated by the City Clerk.
Finding #2015-2 C:
If funds become available, the City will make the required payments.
Finding #2015-3 C:
Local Governmental Budget Act Compliance
Management is monitoring revenues and expenditures monthly and amending the budget as necessary to comply
with the Louisiana Local Governmental Budget Act.
Finding #2015-4 C:
Delinquent Payroll Taxes
The City has filed all payroll tax returns due at the date of the this report. Significant payments have been made
since the end of the fiscal year and payment on some of the taxes is awaiting resolution of cash flow shortages.
Finding #2015-5 C:
Bond Principal Payment Not Made When Due (ImmaterialL
The City has terminated the employment of the accounts payable clerk and the Mayor has instructed the accounting
staff to ensure these payments are not missed in the future.
Contact Person: Gene Paul, Mayor of the City of Oakdale
75

Summary Schedule of Prior Year Audit Findings
Finding #2014-1 I/O & C;
The responsible payroll personnel have been terminated and convictions obtained. Tighter internal controls and
oversight over the payroll processing have been initiated by the City Clerk.
Finding #2014-2 C:
If funds become available, the City will make the required payments.
Finding #2014-3 C:
Local Qovernmental Budget Act Compliance
Management is monitoring revenues and expenditures monthly and amending the budget as necessary to comply with
the Louisiana Local Governmental Budget Act.
Finding #2014-4 C:
Public Bid Law Compliance
Management is now aware of the requirements of the Public Bid Law and will comply in the future.
Finding #2014-5 C:
Delinquent Pavroll Taxes
The City has filed all payroll tax returns due at this point. Payment on some of the taxes is awaiting resolution of cash
flow shortages.
Finding #2014-6 C:
Customer Meter Deposit Cash Available to Cover Customer Meter Deposits Payable
The City has set aside the required funds to maintain this balance as of June 30, 2015 and will continue to maintain it in
the future.
Contact Person: Gene Paul, Mayor of the City of Oakdale
76

City of Oakdale Audit

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

City of Oakdale Audit

Uploaded by

Copyright:

Available Formats

CITY OF OAKDALE, LOUISIANA

ANNUAL FINANCIAL REPORT

Royce T. Scimemi, CPAy AFAC

INDEPENDENT AUDITORS' REPORT

BASIC FINANCIAL STATEMENTS:

FUND FINANCIAL STATEMENTS (FFS)

NOTES TO BASIC FINANCIAL STATEMENTS

REQUIRED SUPPLEMENTARY INFORMATION

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

OTHER SUPPLEMENTARY INFORMATION

INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL OVER FINANCIAL

SCHEDULE OF FINDINGS AND RESPONSES

MANAGEMENT'S CORRECTIVE ACTION PLAN FOR CURRENT YEAR AUDIT FINDINGS

SUMMARY SCHEDULE OF PRIOR YEAR AUDIT FINDINGS

CITY OF OAKDALE, LOUISIANA

Total net position are comprised of the following:

CITY OF OAKDALE, LOUISIANA

CITY OF OAKDALE, LOUISIANA

CITY OF OAKDALE, LOUISIANA

CITY OF OAKDALE, LOUISIANA

Change in net position

Beginning net position

$ 5,379,520 $ 5.888 630

CITY OF OAKDALE, LOUISIANA

Net Cost (Benefit)

Net Cost (Bern

CITY OF OAKDALE, LOUISIANA

CITY OF OAKDALE, LOUISIANA

Less accumulated depreciation

Book value-depreciable assets

Total depreciable assets

CITY OF OAKDALE, LOUISIANA

ECONOMIC CONDITIONS AFFECTING THE CITY

CITY OF OAKDALE, LOUISIANA

ROYCE T. SCIMEMI, CPA, APAC

INDEPENDENT AUDITORS' REPORT

Independent Auditors' Report

Royce T. Scimemi, CPA, APAC

BASIC FINANCIAL STATEMENTS

GOVERNMENT-WIDE FINANCIAL STATEMENTS (GWFS)

City of Oakdale, Louisiana

See accompanying notes.

City of Oakdale, Louisiana

Net (Expense) Revenue

Public safety - police

Public safety - fire

Health and recreation

Interest and fiscal charges

Interest and fiscal charges-sewer

Total Business-type Activities

General Purpose Revenues and Transfers:

See accompanying notes.

FUND FINANCIAL STATEMENTS (FFS)

MAJOR FUND DESCRIPTIONS

City of Oakdale, Louisiana

Total Liabilities, DeferredInflows of Resources andFm $

Aggregated deferred inflows

See accompanying notes.

Sales Tax Fund

City of Oakdale, Louisiana

Total Fund Baiance - Governmentai Funds

Accrued interest payable Is accrued on Statement of Net Position and expensed on

Compensated absences expensed as paid in governmentai fund statements,