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       TOWN OF BRUSLY
         Brusly, Louisiana
     Annual Financial Statements
As of and For the Year Ended June 30, 2009




      Under provisions of state law, this report is a public
      document. A copy of the report has been submitted to
      the entity and other appropriate public officials. The
      report is available for public inspection at the Baton
      Rouge office ofthe Legislative Auditor and, where
      appropriate, at the office of the parish cler1< of court.

          Release Date          /
                                    hJ/^

                                                  DONALD C. De VILLE
                                                   Certified Public Accountant
                                                   7829 Bluebonnet Boulevard
                                                Baton Rouge, Louisiana 70810
    TOWN OF BRUSLY, LOUISIANA
WEST BATON ROUGE PARISH, LOUISIANA
       POST OFFICE BOX 510
     BRUSLY, LOUISIANA 70719
          (225) 749-2909




              MAYOR
        Vance Joey Normand

        BOARD OF ALDERMEN
Joanne C Bourgeois, Mayor Pro-Tem
        David Shane Andre'
      Christopher R. Kershaw
       James Landess Hebert
           Thomas Olinde


           POLICE CHIEF
           Jamie Whaley

          LEGAL COUNSEL
      Thomas W. Acosta, Jr

            TOWN CLERK
         Debbie Berthelot




           MEETING DATE
    2nd Monday of Every Month
       6:30 PM - Town Hall
                             TABLE OF CONTENTS
                                                                PAGE

Independent Auditor's Report                                     4

Basic Financial Statements

  Government-Wide Financial Statements:

    Statement of Net Assets                                      6
    Statement of Activities                                      7
  Fund Financial Statements:
    Governmental Funds:
      Balance Sheet                                              8
      Reconciliation of the Governmental Funds Balance Sheet To
        The Government-Wide Financial Statements of Net Assets   9
      Statement of Revenues, Expenditures, and Changes in
        Fund Balances                                           10
      Reconciliation of the Statement of Revenues, Expenditures
        and Changes in Fund Balances of Governmental Funds to
        the Statement of Activities                             11

  Proprietary Funds:

    Statement of Net Assets                                      12
    Statement of Revenues, Expenses, and Changes in Fund
      Net Assets                                                 13
    Statement of Cash Flows                                      14
  Notes to Financial Statements                                  15


REQUIRED SUPPLEMENTARY INFORMATION

Budgetary Comparisons Schedule - General Fund                    37
OTHER SUPPLEMENTAL SCHEDULES
Schedule of Insurance in Force                                  39
Schedule of USDA Required Information                           40

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                                             41

Schedule of Prior Years Findings                                 43

Schedule of Current Years Findings                               44

Corrective Action Plan                                           45

                                     3
American Insitute CPAs
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                                                                 Louisiana Society CPAs

                              7829 BLUEBONNET BLVD.
                              BATONROUGE, LA 70810
                                 (225) 767-7829


                         INDEPENDENT AUDITOR'S REPORT
                              August 28, 2009


   To the Honorable Mayor and Members of the Board of Aldermen
   Town of Brusly, Louisiana

   I have audited the accompanying financial statements of the
   governmental activities, each major fund, and the aggregate remaining
   fund information of the Town of Brusly as of and for the year ended
   June 30, 2009, which collectively comprises the Town's basic financial
   statements as listed in the table of contents. These financial
   statements are the responsibility of the Town's management. My
   responsibility is to express an opinion of these basic financial
   statements based on my audit.

   I conducted my 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 I plan and perform the audit to obtain reasonable
   assurance about whether the financial statements are free of material
   misstatement. An audit includes examining, on a test basis, evidence
   supporting the amounts and disclosures in the financial statements. An
   audit also includes assessing the accounting principles used and
   significant estimates made by management, as well as evaluating the
   overall financial statement presentation. I believe that my audit
   provided a reasonable basis for my opinion.
   In my opinion, the basic financial statements referred to above present
   fairly, in all material respects, the financial position of the
   governmental activities, each major fund, and the aggregate remaining
   fund information of the Town of Brusly as of June 30, 2009, and the
   respective changes in financial position for the year then ended in
   conformity with accounting principles generally accepted in the United
   Stat:es of America.
The budgetary comparison information on pages 37 is not a required part
of the basis financial statements but are supplementary information
required by accounting principles generally accepted in the United
States of America. I have applied certain limited procedures, which
consisted principally of inquires of management regarding the methods
of measurement and presentation of the supplementary information.
However, I did not audit the information and express no opinion on it.

The Town of Brusly, Louisiana, has not presented Management's Discussion
and Analysis that accounting principles generally accepted in the United
States has determined is necessary to supplement, although not required
to be part of, the basic financial statements.

In accordance with Government Auditing Standards, I have also issued a
report dated August 28, 2009, on our consideration of Town of Brusly's
internal control over financial reporting and our tests of its
compliance with laws, regulations, contracts and grants. That report is
an integral part of an audit performed in accordance with Governmental
Auditing Standards and should be read in conjunction with this report in
considering the results of my audit.
                               TOWN OF BRUSLY, LOUISIANA
                                STATEMENT OF NET ASSETS
                                       JUNE 30, 2009



                                                                       BUSINESS-
                                                   GOVERNMETAL           TYPE
                                                     ACTIVITIES        ACTIVITIES     TOTAL
ASSETS:
Cash                                                      $352,872         33,728      $386,600
Investments                                               1,278,164        83,582      1,361,746
Receivables:
 Taxes Receivable                                           119,015             0        119.015
 Accounts Receivable                                            159        18,719         18,878
 Internal Balances                                          186.248             0        186,248
Capital assets, net of accumulated depreciation           1,606,969     1,849,601      3.456,570
       Total Assets                                      $3,543,427    $1,985,630     $5,529,057


LIABILITIES:
Bonds Payable                                                     $0     $555,045      $555,045
Accounts Payable                                              25,914             0        25,914
Payroll Benefits                                               1,089            0          1,089
Internal Balances                                                  0      186,248        186,248
Compensated Absences                                         15,434             0        15.434
      Total Liabilities                                     $42,437      $741,293      $783,730

NET ASSETS:
Invested in Capital Assets, net of debt                  $1,606,969     $1,294,556    $2,901,525
Reserved for Debt                                                 0        126,379       126,379
Unreserved-Undesignated                                   1.894.021       (176,598)    1,717.423
    Total Net Assets                                     $3,500,990     $1,244,337    $4,745,327




The accompanying notes are an integral part of this statement.

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                                 TOWN OF BRUSLY, LOUISIANA
                                      BALANCE SHEET
                                   GOVERNMENTAL FUNDS
                                       JUNE 30, 2009




ASSETS:
Cash                                                               $352,872
 Investments                                                     $1,278,164
Receivables:
  Taxes Receivable                                                  119,015
  Accounts Receivable                                                   159
  Internal Balances                                                 186.248
        Total Assets                                             $1,936,458

LIABILITIES AND FUND BALANCES:

LIABILITIES:
Accounts Payable                                                   $25,914
Payroll Benefits                                                     1,089
      Total Liabilities                                             27.003

FUND BALANCES:
Unreserved-Undesignated                                           1,909.455
    Total Net Assets                                              1.909.455

Total Liabilities and Fund Balances                              $1,936,458




The accompanying notes are an integral part of this statement.

                                          8
                    TOWN OF BRUSLY, LOUISIANA
        RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCE
    TO THE GOVERNMENT-WIDE FINANCIAL STATEMENT OF NET ASSETS
                         JUNE 30, 2009



Amounts reported for governmental activities in the
Statement of Net Assets are different because:


    Total Governmental Fund Balance                       $1,909,455

    Capital assets used in governmental activities are
      not financial resources and therefore are not
      reported in the funds.                              1,606,969

   Some expense reported in the statement of activities
      such as compensated absences, do not require the
      use of current financial resources and therefore
      are not reported as expenditures in government funds.     (15,434)


   Net Assets of Governmental Activities                      3,500,990




THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS STATEMENT.

                                      9
                               TOWN OF BRUSLY, LOUISIANA
      STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
                                 GOVERNMENTAL FUNDS
                            FOR THE YEAR ENDED JUNE 30, 2009




REVENUES:
 Taxes                                                            $1,325,923
 Intergovernmental                                                   $35,307
 Licenses & Permits                                                   95.977
 Fines                                                               286,412
 Grants                                                                5.862
 Investment Income                                                    56,506
 Gain (Loss) on Investments                                           10,557
                                                                   1.816.544
EXPENDITURES:
CURRENT:
  General Government                                                 617,248
  Public Safety                                                      421,325
  Maintenance                                                        262,343
  Highway & Streets                                                  566,873
Capital Outlay                                                        74.380
                                                                   1,942,169

Excess (deficiency) of Revenues over Expenditures                   (125,625)

OTHER FINANCING SOURCES (USES)
 Sale of Fixed Assets                                                  7,035

Net change in Fund Balances                                         (118,590)

Fund Balances - Beginning                                          2,028,045

Fund Balances - Ending                                             1,909.455




The accompanying notes are and integral part of this statement.

                                                        10
                     TOWN OF BRUSLY, LOUISIANA
RECONCILIATION OF STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
 FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
                    FOR THE YEAR ENDED JUNE 30, 2 009



Amounts reported for governmental activities in the
 statement of activities are different because:


    Net Change in Fund Balances-Total Governmental Funds     $(118,590)

    Governmental funds report capital outlays as expenditures.
      However, in the statement of activities, the cost of
      those assets is allocated over their estimated useful
      lives as depreciation expense. This is the amount by
      which capital outlays exceeded depreciation in the
      current period.                                          408,453

   Some expense reported in the statement of activities
      such as compensated absences, do not require the use
      of current financial resources and therefore are not
      reported as expenditures in governmental funds.            2,925


   Changes in Net Assets of Governmental Activities             292,788




THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS STATEMENT
                                   11
                                    TOWN OF BRUSLY, LOUISIANA
                                     STATEMENT OF NET ASSETS
                                         PROPRIETARY FUND
                                   BUSINESS-TYPE ACTIVITY: SEWER
                                            JUNE 30, 2009


ASSETS:
Cash                                                                  $33,728
Certificate of Deposits                                                83,582
Accounts Receivable                                                    18.719
Capital assets, net of accumulated depreciation                     1,849,601
        Total Assets                                               $1,985,630

LIABILITIES AND NET ASSETS:

LIABILITIES:
Bonds Payable                                                       $555,045
Internal Balances                                                    186,248
      Total Liabilities                                             $741,293

NET ASSETS:
Invested in Capital Assets, net of debt                            $1,294,556
Reserved for Debt                                                     126,379
Unreserved-Undesignated                                              (176,598)
     Total Net Assets                                              $1,244,337

Total Liabilities and Net Assets                                    1.985,630




The accompanying notes are an integral part of this statement.

                                                  12
                              TOWN OF BRUSLY, LOUISIANA
     STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND NET ASSETS
                                   PROPRIETARY FUND
                            FOR THE YEAR ENDED JUNE 30, 2009




OPERATING REVENUES:
 Charges for services-Sewer Fees                                  $208,121

OPERATING EXPENSES:
 Personal services                                                  75.553
 Repairs and maintenance                                            47,766
 Utilities                                                          16,683
 Contractual                                                         2,873
 Sewer telemetry                                                    15,120
 Depreciation                                                      128,083
  Total Operating Expenses                                         286,078

NONOPERATING REVENUES ^EXPENSES)
 Interest on investments                                              3,651
 Gain (loss) on investments                                              (70)
 Sale of fixed assetgs                                                     0
 Interest expense                                                   (29,702)
  Total nonoperating Revenues and Expenses                          (26,121)

 Changes in Net Assets                                             (104,078)

Total Net Assets, Beginning                                       1.348.415

Total Net Assets, Ending                                          1.244.337




The accompanying notes are and integral part of this statement.

                                                        13
                            TOWN OF BRUSLY, LOUISIANA
                            STATEMENT OF CASH FLOWS
                                PROPRIETARY FUND
                        FOR THE YEAR ENDED JUNE 30, 2009

CASH FLOWS FROM OPERATING ACTIVITIES:
 Receipts from customers                                                 $203,012
 Payments to suppliers                                                    (83,315)
 Payments to employees                                                    (75.553)
  Net cash provided (used) by operating activities                        $44,144

CASH FLOWS FROM CAPITAL AND FINANCING ACTIVITIES:
 Purchase of capital assets                                               (14,255)
 Principal paid on capital debt                                           (18,817)
 Interest paid on capital debt                                            (29.702)
  Net cash (used) by capital and related financing activities             (62.774)

CASH FLOWS FROM INVESTING ACTIVITIES:
 Proceeds from sales and maturities of investments                         37,858
 Interest on Investments                                                    3,651
 Gain (Loss) on Investments                                                   (70)

  Net cash provided by investing activities                                41,439

 Net Increase (decrease) in cash and cash equivalents                      22,809

Balance, beginning ofthe year                                              10,919
Balance, end of year                                                       33,728


RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED
 (USED) BY OPERATING ACTIVITIES:
 Operating income (loss)                                               ($104,078)
 Adjustments to reconcile operating income to net cash provided (used)
  by operating activities:
   Depreciation                                                          128,083
 Changes in assets and liabilities:
    Accounts receivable                                                    (5,109)
    Internal balance                                                      25,248
 Net cash provided by operating activites                                 44,144

The accompanying notes are an integral part of this statement.
                                              •i A
                      TOWN OF BRUSLY, LOUISIANA
                    NOTES TO FINANCIAL STATEMENTS


Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  Financial Reportincr Entity:
    The Town of Brusly, Louisiana, ("Town") was incorporated in 1901
    under the provisions of the Title 33, Chapter 2, Part 1, of the
    Louisiana Revised Statutes (Lawrason Act - Act No. 36 of 1898).
    The Town operates under a Mayor-Board of Aldermen form of
    government and as permitted under the act, provides: police
    protection, streets and sidewalks, health and sanitation, public
    improvements, recreation, sponsorship of federal programs, and
    sewer utilities. The Mayor and five Board of Aldermen are elected
    at large to serve four year terms from January 1, 2009, to December
    31, 2012. The Mayor is entitled to a salary of $2,100 per month,
    the mayor pro-tem $600 per month and each Alderman $500 per month,
    plus $50 for each special meeting in which a vote is taken. The
    Town of Brusly is located in West Baton Rouge Parish, Louisiana,
    with a geographic area of approximately 2 square miles. The
    estimated population is about 2,020 based on the 2000 census. The
    Town employs approximately 25 persons, serves 907 sewer customers
    and maintains 6 miles of streets.

    As the municipal governing authority, for reporting purposes, the
    Town of Brusly 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 nature and significance of their relationship with the
    primary government are such that exclusion would cause the
    reporting entity's financial statements be misleading or
    incomplete.

    Governmental Accounting Standards Board (GASB) Statement No. 14
    established criteria for determining which component units should
    be considered part of the Town of Brusly 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. This criteria include:
       Appointing a voting majority of an organization's governing
       body, and
          a) The ability of the municipality to impose its will on the
             organization and/or
          b) The potential for the organization to provide specific
             financial benefits to or impose specific financial burdens
             on the municipality.

       Organizations for which the municipality does not appoint a
       voting majority but are fiscally dependent on the municipality.

                                   15
                      TOWN OF BRUSLY, LOUISIANA
                    NOTES TO FINANCIAL STATEMENTS

    Organizations for which the reporting entity statements should
    be misleading if data of the organization is not included
    because of the nature or significance of the relationship.

  As required by generally accepted accounting principles, since the
  Town has no component units, these financial statements present
  the primary government of the Town of Brusly.

 Other Organizations

 The municipality may appoint some, or all, governing board members
 of organizations that are not included as component units in the
 primary government's reporting entity. These organizations are
 classified as (a) related organizations, (b) joint ventures and
 jointly governed organizations, and (c) component units of another
 government with characteristics of a joint venture or jointly
 governed organization.

  Considered in the determination of component units of the reporting
  entity were the West Baton Rouge Parish Council, Sheriff, Clerk of
  Court, Assessor, and School Board and the District Attorney and
  Judges for the 18th Judicial District. It was determined that
  these governmental entities are not component units of the Town of
  Brusly reporting entity because they have separately elected
  governing bodies, are legally separate, and are fiscally
  independent of the Town of Brusly. Also, excluded from the
  reporting entity: Fire Protection Sub-District No. 2 of West Baton
  Rouge, Louisiana, a component unit of the West Baton Rouge Parish
  Council.

Basis of Presentation

  The accompanying financial statements of the Town have been
    prepared in accordance with accounting principles generally
    accepted (GAAP) in the United States of America as applicable to
    governmental entities. The Governmental Accounting Standards
    Board (GASB) is the standard-setting body for establishing
    governmental accounting and financial reporting principles.


Measurement Focus and Basis of Accounting

  Fund Accounting

   The Town uses funds and account groups to report on its financial
   position and the results of its operations. Fund accounting is
   designed to demonstrate legal compliance and to aid financial
   management by segregating transactions relating to certain
   government functions or activities.


                                  16
                TOWN OF BRUSLY, LOUISIANA
              NOTES TO FINANCIAL STATEMENTS

A fund is a separate accounting entity with a self-balancing set
of accounts. On the other hand, an account group is a financial
reporting device designed to provide accountability for certain
assets and liabilities that are not recorded in the funds because
they do not directly affect net expendable available financial
resources.

Funds of the Town are classified into two categories:
Governmental and Proprietary Funds. In turn, each category is
divided into separate fund types. The fund classifications and a
description of each existing fund type follow:

                     Governmental Funds

Governmental funds are used to account for all or most of the
Town's general activities, including the collection and
disbursement of specific or legally restricted monies, the
acquisition or construction of general fixed assets, and the
servicing of general long-term debt. Governmental funds include:

  General Fund -- The general operating fund of the Town and
  accounts for all financial resources, except those required to
  be accounted for in other funds.

  Special Revenue Funds -- are used to account for the proceeds
  of specific revenue sources that are legally restricted to
  expenditures for specific purposes.

                     Proprietary Funds

Proprietary funds are used for activities similar to those found
in the private sector, where the determination of net income is
necessary or useful to sound financial administration.
Proprietary funds differs from governmental funds in that their
focus is on income measurement, which, together with the
maintenance of equity, is an important financial indicator.
Proprietary funds include:

  Enterprise Fund -- account for operations (a) where the intent
  of the governing body is that the costs (expenses, including
  depreciation) of providing goods and/or services to the general
  public on a continuing basis to be financed or recovered
  primarily through user charges, or (b) where the governing body
  has decided that periodic determination of revenues earned,
  expense incurred, and/or net income is appropriate for capital
  maintenance, public policy, management control, accountability,
  or other purposes.




                             17
                   TOWN OF BRUSLY, LOUISIANA
                 NOTES TO FINANCIAL STATEMENTS

Basis of Accounting
  Basis of accounting refers to when revenues or expenditures /
  expenses are recognized in the accounts and reported in the
  financial statements. It relates to the timing of the
  measurements made regardless of the measurement focus applied.

   1. Accrual Basis - Government-Wide Financial Statements (GWFS)
      The Statement of Net Assets and the Statement of Activities
      display information about the Town as a whole. Both of these
      statements have been prepared using the economic measurement
      focus and the accrual basis of accounting. Revenues,
      expenses, gains, losses, assets and liabilities resulting from
      exchange or exchange-like transactions are recognized when the
      exchange takes place.

   2. Modified Accrual Basis - Fund Financial Statements (FFS)
      The accounting and financial reporting treatment applied to a
      fund is determined by its measurement focus. Governmental
      funds types use the flow of current financial resources
      measurement focus and the modified accrual basis of
      accounting. Under the modified accrual basis of accounting,
      revenues are recorded when susceptible to accrual (i.e. when
      they become both measurable and available). "Measurable"
      means the amount of the transaction can be determined and
      available means collectible within the current period or soon
      enough thereafter to pay liabilities of the current period.
      The Town considers all revenues "available" if they are
      collected within 60 days after year end. Expenditures are
      generally recorded under modified accrual basis of accounting
      when the related liability in incurred. The exceptions to this
      general rule are that (1) unmatured principal and interest on
      long-term debt, if any, are recorded when due, and (2) claims
      and judgements and compensated absences are recorded as
      expenditures when paid expendable available financial
      resources.


Interfimd Activities
   Interfund activity is reported as either loans or transfers.
   Loans between funds are reported as interfund receivables and
   payables as appropriate and are subject to elimination upon
   consolidation. All other interfund transactions are treated as
   transfers. Transfers represent a permanent relocation of
   resources between funds. Transfers between funds are netted
   against one another as part of the reconciliation of the change
   in fund balances in the fund financial statements to the change
   in net assets in the Government-wide Financial Statements.


                                18
                    TOWN OF BRUSLY, LOUISIANA
                  NOTES TO FINANCIAL STATEMENTS


Encximbrances

  The Town does not follow the encumbrance method of accounting.

Budgets

  The Town has complied with the Louisiana Local Government Budget
  Law, Title 39:1301-1315:

    Budgets are prepared for the General Fund and Enterprise Fund on
    the GAAP basis and appropriations (unexpended budget balances)
    laspe at year end.

    Since the total anticipated expenditures of the governmental
    funds exceed $500,000, the Town publishes notices, held
    hearings, and followed the time table as recjuired by
    regulations.

    Budgetary control is exercised at the line item level.

    During the year, monthly budgetary comparison statements are
    used as a management tool to control operations. When
    necessary, the Board of Aldermen adopt budget amendments which
    are included in minutes published in the official journal.

Cash and Cash Ecruivalents

   Cash includes amounts in demand deposits, interest-bearing demand
   deposits, money market accounts, and petty cash. Cash equivalent
   include amounts in time deposits and those investments with
   original maturities of 90 days or less. Under state law, the
   Town may deposit funds in demand deposits, interest-bearing
   demand deposits, money market accounts or time deposits with
   state banks organized under Louisiana law and national banks
   having their principal offices in Louisiana.
   State statutes authorize the Town to invest in United States
   bonds, treasury notes and bills, or certificate of time deposits
   of state banks organized under Louisiana law and national banks
   having principal offices in Louisiana. In addition, local
   governments in Louisiana are authorized to invest in Louisiana
   Asset Management Pool, Inc. (LAMP), a non-profit corporation
   formed by a initiative of the State Treasurer and organized under
   the laws of the State of Louisiana, which operates a local
   government investment pool.

   These are classified as investments if their original maturities
   exceed 90 days; however, if the original maturities are 90 days
   or less, they are classified as cash equivalents. Investments
   are stated at market value.

                                19
                   TOWN OF BRUSLY, LOUISIANA
                 NOTES TO FINANCIAL STATEMENTS
Receivables
  Receivables consist of all revenues earned at year-end and not yet
  received.
  The Town uses the direct written-off method whereby uncollectible
  receivables are recognized as bad debts at the time information
  becomes available which would indicate the uncollectiblity of the
  particular receivable. If they are subsequently collected they
  are recorded as miscellaneous income. The direct charge-off
  method is not a material departure from GAAP as it approximates
  the valuation method.

Short-Term Interfund Receivables/Payables

  During the course of operations, numerous transactions occur
  between individual funds for goods provided or services rendered
  and temporary loans. These short-term interfund loans are
  classified as interfund receivables/payables and classified as due
  from or to other funds on the balance sheet.

Inventories
 Inventories for supplies are immaterial and are recorded as
 expenditures\expenses when purchased.
Capital Assets, Depreciation, and Amortization
  Capital assets are capitalized at historical cost. Donated assets
  are recorded as capital assets at their estimated fair market
  value at the date of donation. The Town maintains a threshold
  level of $2,500 or more for capitalized capital assets.
  Capital assets are recorded in the Statement of Net Assets and the
  Statement of Activities. Since surplus assets are sold for an
  immaterial amount when declared as no longer needed for public
  purposes, no salvage value is taken into consideration for
  depreciation purposes. All capital assets other than land are
  depreciated using the straight line method over the following
  useful lives:
       Buildings                          40   Years
       Equipment                        5-10   Years
       Vehicles                            5   Years
       Computers                           5   Years
       Infrastructure                  20-50   Years




                                20
                   TOWN OF BRUSLY, LOUISIANA
                 NOTES TO FINANCIAL STATEMENTS

Fund Eguity Classifications

  Equity is classified as net assets and displayed in three
  components:

  1. Invested in capital assets, net of related debt - Consist 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.

  2. Restricted net assets - Consists of net assets with
     constraints placed on the use either by (1) external groups
     such as creditors, contributors, or laws or regulations of
     other governments; or (2) law through constitutional provisions
     or enabling legislation.

  3. Unrestricted net assets - All other net assets that do not meet
     the definition of "restricted" or "invested in capital assets,
     net of related debt."

Unpaid Compensated Absences:
   The Town's policies for vacation time permit employees to
   accumulate earned but unused vacation leave. Accordingly, a
   liability for the unpaid vacation leave has been recorded in the
   Government-Wide Statements. Management has estimated the current
   and long-term portions of this liability based on historical
   trends. The amount accrued as the compensated absence liability
   was determined using the number of vested vacation hours for each
   employee multiplied by the employee's wage rate in effect at the
   end of the year. An amount is added to this total for social
   security and medicare taxes. In contrast, the governmental funds
   in the Fund Financial Statements report only compensated absence
   liabilities that are payable from expendable available financial
   recourses to the extent that the liabilities mature (or come due
   for payment). Vacation leave does not come due for payment until
   an employee makes a request to use it or terminates employment
   with the Town. Accordingly, no amounts have been accrued as fund
   liabilities as the year-end in the Fund Financial Statements.
   The differences in the methods of accruing compensated absences
   creates a reconciling item between the Fund and Government-Wide
   Financial Statement presentations.

   The Town's sick leave policy does not provide for the vesting of
   sick leave thereby requiring the employee to be paid for any
   unused leave upon termination of employment. Accordingly, no
   amounts have been accrued as unpaid compensated absence in the
   Government-Wide Financial Statements relative to sick leave.


                                21
                        TOWN OF BRUSLY, LOUISIANA
                      NOTES TO FINANCIAL STATEMENTS

  Use of Estimates
    The preparation of financial statements in conformity with
    accounting principles generally accepted in the United States of
    America require management to make estimates and assumptions that
    affect the reported amounts of assets and liabilities and
    disclosures of contingent assets and liabilities at the date of
    the financial statements and the reported amounts of revenue and
    expenditures and expenses during the reporting period. Actual
    results could differ from those estimates.

   Elimination and Reclassifications:
     In the process of aggregating data for the Statement of Net Assets
     and the Statement of Activities, some amounts reported as
     interfund activity and balances in the funds were eliminated or
     reclassified. Interfund receivables and payables were eliminated
     to minimize the "grossing up" effect on assets and liabilities
     within the governmental activities column.


NOTE 3 - STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY

  Net Asset Deficit

     The proprietary fund has a unreserved net assets deficit as of
     June 30, 2009, in the amount of $(176,598); however, the
     investment in capital assets in the amount of $1,294,556 is more
     than enough to offset the deficit. Should it becomes necessary to
     extinguish the deficit, the General Fund has available a
     unreserved fund balance of $1,909,455 that could be transferred to
     the proprietary fund.


NOTE 4 - CASH
  At June 30, 2009, the Town of Brusly had cash and cash equivalent
  (book balances) totaling $386,600.

  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.




                                    22
                         TOWN OF BRUSLY, LOUISIANA
                       NOTES TO FINANCIAL STATEMENTS

  Custodial Credit Risk-Deposits. At year-end the bank balance was
  $548,936. Of the bank balances, $548,936 was covered by federal
  depository insurance. $-0- was collateralized with securities held by
  the pledging financial institution's trust department or agent but
  not in the Town of Brusly's name (GASB Category 3 ) .

  Even though the pledged securities are considered uncollateralized
  (Category 3) under the provisions of GASB Statement 3, Louisiana R.S.
  39:1229 imposes a statutory requirement on the custodial bank to
  advertise and sell the pledge securities within 10 days of being
  notified by the library that the fiscal agent has failed to pay
  deposited funds upon demand.

  Interest Rate-Deposits. The Town of Brusly's policy does not address
  interest rate risk.


NOTE 5 - INVESTMENTS

  The Town's Investment balances at year-end were as follows:

                                       CATEGORY   CARRYING    FAIR
                                           1        AMOUNT     VALUE
  Certificate of Deposits             $928,184     $928,184   $928,184
  Government Bonds                     100,863      100,863    100,863
        Sub Total                    1,029,047    1,029,047 1,029,047
  Investments not subject to categorization:
    External investment pool (LAMP)                 332,699   332,699
        Total investments                         1,361,745 1,361,745

  LAMP is administered by LAMP, Inc,, a non-profit corporation under
  the laws of the State of Louisiana. Only local government entities
  having contracted to participate in LAMP have an investment interest
  in its pool of assets. The primary objective of LAMP is to provide a
  safe environment for the placement of public funds in short-term,
  high quality investments. The LAMP portfolio includes only
  securities and other obligations in which local governments in
  Louisiana are authorized to invest in accordance with LA - R.S.
  33 :2955.

  GASB Statement No. 40, Deposit and Investment Risk Disclosure,
  requires disclosure of credit risk, custodial risk, concentration of
  credit risk, interest rate risk, and foreign currency risk for all
  public entity investments.


                                     23
                    TOWN OF BRUSLY, LOUISIANA
                  NOTES TO FINANCIAL STATEMENTS


LAMP is a 2a7-like investment pool.    The following facts are relevant
for 2a7 like investment pools:

Credit Risk: LAMP is rated AAAm by Standard & Poor's.

Custodial Credit Risk: LAMP participant's investments in the pool are
evidenced by shares of the pool. Investments in pools should be
disclosed, but not categorized because they are not evidenced by
securities that exist in physical or book-entry form. The public
entity's investment is with the pool, not the securities that make up
the pool; therefore, no disclosure is required.

Concentration of Credit Risk: Pooled investments are excluded from
the 5 percent disclosure requirement.

Interest Rate Risk: 2a7-like investment pools are excluded from this
disclosure requirement, per paragraph 15 of the GASB 40 statement.

Foreign Currency Risk:   Not applicable to 2a7-like pools entities.

The dollar weight average portfolio maturity of LAMP assets is
restricted to not more than 90 days, and consists of no securities
with a maturity in excess of 3 97 days. LAMP is designed to be highly
liquid to give its participants immediate access to their account
balances. The investments in LAMP are stated at fair value based on
quoted market rates. The fair value is determined on a weekly basis
by LAMP and the value of the position in the external investment pool
is the same as the value of the pool shares.

LAMP, Inc. is subjact to the regulatory oversight of the state
treasurer and the board of directors. LAMP is not registered with
the SEC as an investment company.




                                  24
                         TOWN OF BRUSLY, LOUISIANA
                       NOTES TO FINANCIAL STATEMENTS

NOTE 6 - RECEIVABLES
  A. A Summary of Receivables as of June 30, 2009, Follows

                                                      BUSINESS
                                                        TYPE
        CLASS OF RECEIVABLE                GENERAL    ACTIVITY    TOTAL
       Franchise Taxes                     $37,226       $-0-      $37,226
       Sales Taxes                          81,789        -0-       81,789

          Total Taxes Receivable           119,015        -0-      119,015


      Accounts Receivable                      159     18,719       18,878

       Intergovernmental
         West Baton Rouge School Board         -0-        -0-            -0-


           Total                           119,174     18,719      137,893



  B. Internal Balances (Due To/From Other Funds)

     The following is a summary of Due To/From Other Funds:

          RECEIVABLE FUND           PAYABLE FUND                AMOUNT

          General Fund             Proprietary Fund         $186,248




                                      25
                       TOWN OF BRUSLY, LOUISIANA
                     NOTES TO FINANCIAL STATEMENTS


NOTE 7 - CHANGES IN CAPITAL ASSETS

  Capital asset activity for the year ended was as follows:

                             7-1-2008 INCREASES DECREASES         6-30-2009

   Governmental Activities;

     Not Being Depreciated
       Land                    $80,001           $-0-     $-0-      $80,001
     Other Capital Assets
       Buildings               821,462            -0-       0-       821,462
       Equipment               589,142         36,866       0-       626,008
       Infrastructure          512,626        501,281       0-     1,013,907

     Total Capital
       Assets At
       Historical Cost       2,003,231        538,147       0-     2,541,378

      Accumulated Depreciation
       Buildings           (325,061)          (19,117)     -0-      (344,978)
       Equipment           (424,3 91)         (61,357)     -0-      (485,748)
       Infrastructure       (53,922)          (4 9,221)    -0-      (103,143)

      Total Accumulated
       Depreciation           (804,174) (12 9,695)         -0-      (933,869)

      Total Governmental
       Activities Capital
       Assets, Net        1,199,057           408,452      -0-     1,607,509


  Depreciation was charged to governmental activities as follows:
            General Government                                   $25,177
            Public Safety                                         42,243
            Maintenance                                           13,054
            Highways and Streets                                  49,221

   Total governmental activities depreciation expense            129,695




                                         26
                      TOWN OF BRUSLY, LOUISIANA
                    NOTES TO FINANCIAL STATEMENTS


    BUSINESS-TYPE ACTIVITIES:

                         7-1-2008 INCREASES       DECREASES 6-30-2009

      Other Capital Assets:
      Equipment         $2 06,179      $14,255        $-0-     $220,434
      Sewer System     4,122,555           -0-         -0-    4,122,555
     Total Capital
      Assets At
      Historical Cost   4,32 8,734     14,255          -0-    4,342,989


      Accumulated Depreciation:
      Equipment          (89,514) (21,467)             -0-   (110,981)
      Sewer System    (2,279,343) (103,064)            -0- (2,382,407)

     Total Accumulated
      Depreciation     (2,368,857) (124,531)           -0- (2,4 93,388

   Total Business-Type
    Activities Capital
    Assets, Net        1,959,877      (110,276)        -0-    1,849,601


 Depreciation was charged to function as follows:

           Sewer                                             $124,531



NOTE 8 - ACCOUNTS AND OTHER PAYABLES
  The payables at year end follows:

                                           GENERAL   ENTERPRISE    TOTAL
      Accounts Payable                     $25,914       $-0-     $25,914
      Employee Benefits Payable              1,089        -0-       1,089
      Compensated Absences                  15,434        -0-      15,434

         Total                              42,437        -0-      42,437




                                      27
                        TOWN OF BRUSLY, LOUISIANA
                      NOTES TO FINANCIAL STATEMENTS



NOTE 9 - REVENUE BONDS AND BOND ANTICIPATION NOTES PAYABLE
  The following is a summary of debt transactions for the fiscal year:


                               BEGINNING                            ENDING
                                7-1-2008 INCREASES       DECREASES 6-30-2009
     Revenue Bonds-CAPMARK       $308,390          -0-    $15,054     $293,336
     Revenue Bonds-FmHA           265,471          -0-      3,762      261,709

            Total                 573,861          -0-     18,816      555,045


  Revenue Bond Payables at year end are comprised of:

    $505,000 Sewerage Revenue Bond      Dated June 13, 1983;
    bearing interest at 5%; due in      annual installments
    of interest only for years one      and two and $29,942
    thereafter until principal and      interest are fully paid =•      $293,336

    $300,000 Sewer Revenue Bonds dated September 10, 1996,
     bearing interest at 5.5%, due in monthly installments
     of principal and interest of $1,548 for 480 months    =             261,709

                      Total                                              555,045


  The annual requirements to amortize the above debt outstanding,
  including interest follows:

        YEAR ENDED            PRINCIPAL      INTEREST         TOTAL

      June 30, 2010           $19,520        $28,989        $48,509
      June 30, 2011            20,524         27,985         48,509
      June 30, 2012            21,580         26,929         48,509
      June 30, 2013            22,690         25,819         48,509
      June 30, 2014            23,858         24,651         48,509
       Thereafter             446,873        398,776        845,649

          Total               555,045        533,149      1,088,194




                                        28
                      TOWN OF BRUSLY, LOUISIANA
                    NOTES TO FINANCIAL STATEMENTS


NOTE 10 - FLOW OF FUNDS: RESTRICTIONS ON USE-SEWERAGE SYSTEM REVENUES
 A. CAPMARK

  Under the terms of the bond resolution dated January 3, 1983,
  regarding revenue bonds dated June 13, 1983, all income and revenues
  (hereinafter referred to as revenue) of every nature, earned or
  derived from the operation of the Sewerage System are to be deposited
  as collected in a special bank account to be known as the "Sewer
  System Revenue Fund." Said fund is established to provide for the
  payment of reasonable and necessary expenses of operating and
  maintaining the system and make periodic transfers to the following
  funds:

    1. Revenue Bond Sinking Fund
       For each month after the delivery of the bonds, before the 20th
       of each month, there will be set aside a sum equal to 1/12 of
       the next maturing installment of principal and interest on
       outstanding bonds. Such transfers shall be fully sufficient to
       assure the prompt payment of principal and interest installments
       as they become due, and may be used only for such purposes.

    2. Revenue Bond Reserve Fund
       For each month after the system becomes revenue producing,
       before the 20th day of each month, there will be set aside an
       amount equal to 5% of the principal and interest payments
       required for the sinking fund \antil there shall have been
       accumulated in the reserve account an amount equal to the
       maximiim interest and principal requirements in any succeeding
       fiscal year. Such amounts may be used only for the payment of
       principal and interest installments for which sufficient funds
       are not on deposit in the sinking fund.
       For each month after the completion of the project, before the
       20th day of each month, there will be set aside the sum of $188
       until the amount of $46,000 is deposited in the fund. Money in
       this fund may be used for paying cost of extraordinary repairs
       and replacements to the system which are necessary to keep the
       system in operating condition. Money in this fund may also be
       used to pay principal and interest on the bonds falling due at
       any time there is not sufficient money for payment in the other
       bond funds.

      All moneys remaining in the "Sewer System Revenue Fund", after
      all the required transfers are made and deficiencies have been
      remedied, may be used for the purpose of retiring bonds in
      advance of their maturities.




                                   29
                    TOWN OF BRUSLY, LOUISIANA
                  NOTES TO FINANCIAL STATEMENTS


B. FARMERS HOME ADMINISTRATION
Under the terms of the bond resolution dated April 18, 1986,
regarding revenue bonds dated September 10, 1986, all income and
revenues (hereinafter referred to as revenue) of every nature, earned
or derived from the operation of the Sewerage System are to be
deposited as collected in a special bank account to be known as the
"Sewer System Revenue Fund." Said fund is established to provide for
the payment of reasonable and necessary expenses of operating and
maintaining the system and make periodic transfers to the following
funds:

  1• Revenue Bond Sinking Fund
     For each month after the delivery of the bonds, before the 20th
     of each month, there will be set aside a sum equal to 1/12 of
     the next maturing installment of principal and interest on
     outstanding bonds. Such transfers shall be fully sufficient to
     assure the prompt payment of principal and interest installments
     as they become due, and may be used only for such purposes.

  2. Revenue Bond Reserve Fund
     For each month after the system becomes revenue producing,
     before the 20th of each month, there will be set aside an amount
     equal to 5% of the principal and interest payments required for
     the sinking fund until there shall have been accumulated in the
     reserve account an amount equal to the maximum interest and
     principal requirements in any succeeding fiscal year. Such
     amounts may be used only for the payment of principal and
     interest installments for which sufficient funds are not on
     deposit in the sinking fund.

  3. Depreciation & Contingency Fund
     For each month after the completion of the project, before the
     20th day of each month, there will be set aside the sum of $271.
     Money in this fund may be used for paying cost of extraordinary
     repairs and replacements to the system which are necessary to
     keep the system in operating condition. Money in this fund may
     also be used to pay principal and interest on the bonds falling
     due at any time there is not sufficient money for payment in the
     other bond funds.




                                 30
                        TOWN OF BRUSLY, LOUISIANA
                      NOTES TO FINANCIAL STATEMENTS



NOTE 11 - CHANGES IN ASSETS RESTRICTED FOR REVENXTE BOND RETIREMENT

                                CAPMARK                       USDA-FMHA

                        RESERVE DEPREC                  RESERVE  DEPREC
                        FOR BOND  AND          SINK-    FOR BOND   AND   SINK-
                        RETIRE CONTING         ING      RETIRE   CONTING ING

  Balance, July 1       $37,865    $1,624      $3,463 $21,473 $20,360 $21,540

  Transfer From
    Unrestricted Cash       -0-    26,585      29,942       -0-      -0-        -0-

  Transfer (To)
    Bond Payment            -0        -0- (29,942)           0-   (21,077        -u-
    Pump Purchases          -0       (-0")   -0-             0-       -0-        -0-
  Interest Earned        1,32             34       69       752      717         182
  Gain (Loss) Investment                                                        (176

  Balance, June 3 0      39,193    28,243       3,532    22,225             22 , 1 6 4



NOTE 12 - UTILITY SERVICE AGREEMENT

  An agreement between the West Baton Rouge Parish Waterworks District
  #2 and the Town of Brusly provides for the billing of customers on
  the Town's sewer system. This billing agreement went into effect for
  the month of November 1982. Under the terms of the agreement, the
  Waterworks District #2 is entitled to a portion of the billing fee to
  cover the cost of collections. At this time, the District remits all
  collections to the Town.


NOTE 13 - CENTRALIZED COLLECTION AGENCY AGREEMENT

  Pursuant to R.S. 33:2738.62 as enacted by Act No. 43 of the 1984 Regular
  Session of the State of Louisiana, the West Baton Rouge Sales Tax
  District No. 1 was created as the single tax collection for the Parish of
  West Baton Rouge. The agreement went into effect in 1984 and the
  agreement authorized the Town to compensate the collection agency its
  share of the cost of collection or about 4% of the gross amount
  collected.




                                          31
                      TOWN OF BRUSLY, LOUISIANA
                    NOTES TO FINANCIAL STATEMENTS

NOTE 14 - FRANCHISE AGREEMENTS
  The Town has granted two franchises:

  Cable Television
  A non-exclusive cable franchise was granted to TCI, Inc. now Cox
  Communications, on September 8, 1980, for a period of ten years. The
  agreement was extended on December 11, 1992, until September 7, 2010,
  with an additional 10 year extension provision. The annual franchise
  fee is 3% of the Company's gross receipts.

  Electric
  On September 11, 1972, the Town entered into a franchise with Gulf
  States Utilities Company to supply electric energy to the Town and the
  inhabitants thereof for a period of 60 years. In consideration, the
  Town shall receive a fee of 4.5% of the gross receipts from sales of
  electricity within the corporate limits of the Town from October 1,
  1972, to September 30, 1982. Then from November 1, 1982 to September
  30, 2032, a fee of 5%.


NOTE 15 - PENSION PLAN AND RETIREMENT COMMITMENTS

  The Town elected to be covered under the Social Security System.

  1. MUNICIPAL EMPLOYEES' RETIREMENT SYSTEM:
  Additionally, substantially all of the Town's employees are members
  of the Municipal Employees' Retirement System of Louisiana ("System")
  a cost-sharing multiple-employer plan, controlled and administered by
  a separate board of trustees. The system was established and
  provided for by R.S.11:1731 of the Louisiana Revised Statutes.
  Membership is mandatory as a condition of employment beginning on the
  date employed if the employee is on a permanent basis working at
  least thirty-five hours per week, not participating in another public
  funded retirement system and under the age of 60.

  Any member of Plan B can retire providing he meets one of the
  following criteria:
    1. Age 55 with 30 years of creditable service.
    2. Age 60 with a minimum of 10 or more years of service.
    3. Under age 60 with 10 years of services for disability benefits.
    4. Survivor's benefits require 20 years creditable service at
        death of member.

  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 Employee's Retirement System of Louisiana, 7937 Office Park
  Blvd, Baton Rouge, Louisiana 70809, or by calling (225) 925-4810.

                                   32
                    TOWN OF BRUSLY, LOUISIANA
                  NOTES TO FINANCIAL STATEMENTS

Funding Policy
Under Plan B, members are required by state statute to contribute
5% of their annual covered salary and the Town is required to
contribute at an actuarially determined rate.   The current rate is
6.75% of annual covered payroll. The System also receives 1/4 of 1%
of ad valorem taxes collected within the respective parish. The
System also receives revenue sharing funds each year as appropriated
by the Legislature. These additional sources of income are used as
additional employer contributions.

For the year ended June 30, 2009, the total payroll for employees of
the Town covered by the System was $383,470. The Town's
contributions to the System under Plan B for the years ended June 30,
2009, 2008, and 2007, were $25,884, $24,946 and $33,297,
respectively, equal to the required contributions for each year.

2. MUNICIPAL POLICE EMPLOYEES' RETIREMENT SYSTEM:

Additionally, some of the Police Department employees are members of
the Municipal Police Employees' Retirement System ("System"), a
cost-sharing multiple-employer plan, controlled and administered by a
separate board of trustees.

Membership is mandatory for all full-time police officers employed by
a municipality of the State of Louisiana and engaged in law
enforcement, empowered to make arrest, providing they do not have to
pay social security and providing they meet the statutory criteria.

Benefit provisions are authorized within Act 189 of 1973 and amended
by LRS 11:2211-11:2233.

Any member is eligible for normal retirement after he has been a
member of the system for one year, if he has 25 years of creditable
service at any age or has 20 years of creditable service and is age
50 or has 12 years credible service and is age 55.

Funding Policy
Contributions in the current year for all members are established by
statute at 7.5% of earnable compensation.   Contributions in the
current year for all employers are actuarially determined at 9.5% of
employee's earnable compensation excluding overtime but including
supplemental pay. The system also receives a percentage of insurance
premiums which is used as an additional employer contribution.
For the year ended June 30, 2009, the total payroll for employees of
the Police Department covered by the System was $196,546.

The Town's contributions to the System for the years ended June 30,
2009, 2008, and 2007, were $18,684, $26,033, and $26,204,
respectively, equal to the required contributions for each year.

                                 33
                       TOWN OF BRUSLY, LOUISIANA
                     NOTES TO FINANCIAL STATEMENTS

NOTE 16 - POST-RETIREMENT BENEFITS
  The Town does not provide continuing health care, life insurance or
  any other post-retirement benefits for its retired employees.


NOTE 17 - ON-BEHALF PAYMENTS

  The Town's police chief and police officers received $49,756 in
  police supplemental pay from the State of Louisiana, Department of
  Public Safety and Corrections. The Town recognizes this supplemental
  pay received by the employees as revenues and expenditures of the
  Town. The revenues are reported in the General Fund and the
  expenditures are included in Public Safety expenditures.


NOTE 18 - LITIGATION, CLAIMS AND CONTINGENCIES

  At June 30, 2009, the Town of Brusly is defendant in several pending
  lawsuits filed in the 18th Judicial District Court. Although the
  suit are still pending, the Town denies any liability and is actively
  defending its position along with its liability insurance carriers.
  While the ultimate outcome of the above matters cannot be predicted
  at this time, it is the opinion of management that the disposition of
  these matters will not have a material adverse effect on the
  financial position of the Town. It is also the opinion of the Town's
  attorney that the Town does not have any reasonable estimated or
  probable liability using the criteria established under F.A.S.B.
  Statement 5.

  No claims were paid out during the year ended Jiine 30, 2009.

  $11,020 in litigation cost were paid out during the year ended June
  30, 2009.

NOTE 19 - RISK MANAGEMENT
  The Town is exposed to various risks of loss related to torts
  theft of, damage to and destruction of assets; errors and omissions
  and natural disasters for which the Town carrys commercial insurance.
  There have been no significant reductions in coverage from the
  previous year and settlements have not exceeded coverage in the past
  three years.




                                     34
                       TOWN OF BRUSLY, LOUISIANA
                     NOTES TO FINANCIAL STATEMENTS


NOTE 2 0 - COMPENSATION PAID TO BOARD MEMBERS
In compliance with House Concurrent Resolution No. 54 of the 1979
Session of the Louisiana Legislature, compensation paid to elected
officials is as follows:

        Mayor:
          Vance Joey Normand               $ 2 2 ,,200

        Aldermen:
          David Shane Andre'                    5 ., 8 0 0
          Joanne C Bourgeois                    e., 4 0 0
          Christopher R Kershaw                 5 ., 8 0 0
          Ronda D Perrault                      2 ., 7 0 0
          David Rodrigue                        2 ., 7 0 0
          Thomas Olinde                         3 ., 1 0 0
          James L Hebert                        3 ,, 100


        Police Chief:
          Jamie Whaley                      3 9,901
          Total Compensation                    91,701




                                    35
SUPPLEMENTARY INFORMATION REQUIRED BY GASB STATEMENT 34




                           36
                           TOWN OF BRUSLY, LOUISIANA
                         BUDGETARY COMPARISON SCHEDULE
                                 GENERAL FUND
                       FOR YEAR ENDED JUNE 30, 2009

                                                                            VARIANCE
                                                                              WITH
                                                                              FINAL
                                                                             BUDGET
                                BUDGETED .AMOUNTS                           POSITIVE
                               ORIGINAL    FINAL  ACTUAL                   (NEGATIVE)
REVENUES:
  Taxes                  $1,325,000 $1 ,325,000 $1 ,325,923                     $923
  Intergovernmental          29,000      33,968      35,307                    1,339
  Licenses & Permits         77,000      77,000      95,977                   18,977
  Fines                     360,000     310,000     286,412                  (23,588)
  Grants                        -0-         -0-       5,862                    5,862
  Investment Income          56,000      56,000      56,506                      506
  Gain/Loss on Investments      -0-         -0-      10,557                   10,557
  Other                         200       5,700         -0-                   (5,700)

       Total Revenue         1,84 7,200         1,807,668    1,816,544        8, 876

EXPENDITURES
  Fire Protection Services
    General Government         681,050            553,497      617,248       (63,751)
    Public Safety              429,400            481,308      421,325        59,983
    Maintenance                328,000            295,395      262,343        33,052
    Highway & Street           434,000            569,730      566,873         2,857
    Capital Outlay              68,000            116,000       74,380        41,620

  Total Expenditures         1,940,450          2,015,93 0   1,942,169        73,761

  Excess of Expenditures
   Over Revenues               (93,250)          (208,262)    (125,625)      82,637

Other Financing Sources
  Sale of Fixed Assets                                -0-        1 , 035       7,035

Net Change in Fund Balance     (93,250)          (208,262)    (118,590)      (89,672)

FUND BALANCES:
  BEGINNING OF YEAR          2,02 8,04 5        2,028,045    2,02 8,045          0-

  END OF YEAR                1,934,795          1,819,783    1,909,455       (89,672




                                           37
OTHER SUPPLEMENTAL SCHEDULES




             38
                            TOWN OF BRUSLY, LOUISIANA
                          SCHEDULE OF INSURANCE IN FORCE
                         FOR THE YEAR ENDED JUNE 30, 2009

                                                                        TERMINATION
   COMPANY      POLICY NUMBER   NATURE OF INSURANCE         COVERAGE        DATE

EMC Insurance   0X5-77-86-09    Property - 4 Locations   $1,371,000       12-23-09
                                Contractor Equipment-9 Item 169,485       12-23-09
                                Property Floater-8 Items     82,567       12-23-09
                                15 Automobiles               Actual       12-23-09


EMC Insurance   0X5-50-13-09    Inland Marine-20 Items       $238,450      9-23-09
                                Capmark Finance/USDA

EMC Insurance   EMC   S207521   Notary Bond-Police           $10,000      1-12-13
                EMC   S207504   Notary Bond-Alleman           10,000      7-01-10
                EMC   S207506   Notary Bond-Whaley            10,000      1-18-10
                EMC   T232621   Government Crime Policy      110,000      4-21-10
                EMC   T230451   Government Crime Policy      300,000      1-01-10

Risk Management WC-119          Workers' Compensation       Statutory     1-01-09




                                      39
                                TOWN OF BRUSLY
                  SCHEDULE OF USDA REQUIRED INFORMATION
                         YEAR ENDED JUNE 30, 2009



1.   Schedule of sewer rates

     Individual:                          Business:
     City        $18.00                   City        $35.00
     Parish       18,00                   Parish       35.00

2. The number of users:

       Residential          877
       Non-Residential       30
                            907


3. The number of aged accounts as of June 30, 2009, was 907.

     The reason the number of aged accounts is so high compared to the
     number billed is because not enough time elapsed from the billing
     date to the fiscal year end date.

4. The Town of Brusly establishes the sewer rates.

5.    Governing Board:

         Chris Kershaw               Shane Andre'
         350 Venzule                 300 Gleason St
         Brusly, LA 70719            Brusly, LA 70719
         (225) 387-0971              (225) 353-8929
         James Hebert                Joanne Bourgeois
         323 N LaBauve St            P O Box 62 8
         Brusly, LA 70719            Brusly, LA 70719
         (225) 749-2200              (225) 335-7531

         Thomas Olinde               Mayor Joey Normand
         240 Oak Bend Dr             P O Box 510
         Brusly, LA 70719            Brusly, LA 70719
         (225) 749-7188              (225) 749-2909




                                     40
Member
American Insitute CPAs
                           T^/lfl/?//) (^ ^ D P V I U P       e
                           j t ^ ^ l / f M*M/ \m^^ J^^Vf V H-l-P
                                                                                  ^^"^^^
                                                                   Louisiana Society CPAs
                                      7 8 2 9 BLUEBONNET BLVD.
                                     BATON ROUGE, LA 7 0 8 1 0
                                            (225) 161-1S29


          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

                                  August 28, 2009
    To the Honorable Joey Normand, Mayor
      and Members of the Board of Alerment
    Brusly, Louisiana
    I have audited the financial statements of Town of Brusly, Louisiana, as of
    and for the year ended June 30, 2009, and have issued my report thereon
    dated August 28, 2009. I conducted my 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.

    INTERNAL CONTROL OVER FINANCIAL REPORTING
    In planning and performing my audit, I considered Town of Brusly,
    Louisiana's internal control over financial reporting as a basis for
    designing my auditing procedures for the purpose of expressing my
    opinion on the financial statements, but not for the purpose of
    expressing an opinion on the effectiveness of the Town of Brusly,
    Louisiana's internal control over financial reporting. Accordingly, I
    do not express an opinion on the effectiveness of the entity's internal
    control over financial reporting.
    My consideration of internal control over financial reporting was for
    the limited purpose described in the preceding paragraph and would not
    necessarily identify all deficiencies in internal control over
    financial control over financial reporting that might be significant
    deficiencies or material weaknesses. However, I noted certain
    deficiencies in internal control over financial reporting that I
    consider to be significant deficiencies.

    A control deficiency exist 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 detect misstatements
    on a timely basis.




                                            41
A significant deficiencies is a control deficiency, or combination of
control deficiencies, that adversely affects the entity's ability to
initiate, authorize, record, process, or report financial data in
reliably in accordance with generally accepted accounting principles
such that there is more than a remote likelihood that a misstatement of
the entity's financial statements that is more than inconsequential
will not prevented or detected by the entity's internal control. I
consider the deficiencies described in the accompanying schedule of
findings and responses to be significant deficiencies in internal
control over financial reporting. See Item 1.

A material weakness is a significant deficiency, or combination of
significant deficiencies, that result in more than a remote likelihood
that a material misstatement of the financial statements will not be
prevented or detected by the entity's internal control.

My consideration of the internal control over financial reporting was
for the limited purpose described in the first paragraph of this
section and would not necessarily identify all deficiencies in the
internal control that might be significant deficiencies and,
accordingly, would not necessarily disclose all significant
deficiencies that are also considered to be material weaknesses.
However, I believe that none of the significant deficiencies described
above is a material weakness.

COMPLIANCE AND OTHER MATTERS
As part of obtaining reasonable assurance about whether Town of Brusly
Louisiana's financial statements are free of material misstatement, I
performed tests of its compliance with certain provisions of laws,
regulations, contracts, and grants, 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 my audit and, accordingly, I do not express such an
opinion. The results of my tests disclose instances of noncompliance or
other matters that are required to be reported under Government Auditing
Standards and which are described in the accompanying schedules of current
years findings as item 1.
Town of Brulsy, Louisiana's response to the findings identified in my
audit are described in the Schedule of Corrective Action Planned. I
did not audit the Town of Brusly, Lousiana's response and, accordingly,
I express no opinion on it.

This report is intended solely for the information and use of
management, board members, and federal awarding agencies, pass-through
entities, and state Legislative Auditor and is not intended to be and
should not be used by anyone other than these specified parties.

Under Louisiana Revised Statutes 24:513, this report is distributed by the
Legislative Auditor as a public document.




                                   42
                                             llJ c
                            TOWN OF BRUSLY
                   SCHEDULE OF PRIOR YEAR FINDINGS
                       YEAR ENDED JUNE 30, 2009



    FISCAL YEAR                                               CORRECTIVE
      FINDING                                CORRECTIVE     ACTION/PARTIAL
REF INITIALLY                               ACTION TAKEN      CORRECTIVE
NO. OCCURRED DESCRIPTION OF FINDING      (YES,NO,PARTIALLY) ACTION TAKEN

    6-30-87   Sewer Fund Has A              Partially       Sewer Fees
              Unreserved Fund                               Were Increase.
              Deficit of $143,926




                                    43
                                  TOWN OF BRUSLY
               SUMMARY SCHEDULE OF FINDINGS Mm QUESTIONED COST
                       FOR THE YEAR ENDED June 30, 2 009


A. SUMMARY OF AUDITOR'S RESULTS

     Financial Statements

     Type of auditor's report issued:                Unqualified

      Material weakness(es) identified?              No

       Signi f icant def iciency(ies) identi f ied
       that are not considered to be
       material weaknesses?                          No
     Noncompliance material to financial
     statements noted?                               Yes
     Federal Awards - Not Applicable

     There were no major programs.

     No federal funds were used to pay audit cost.


B.    FINDINGS - FINANCIAL STATEMENT AUDIT

      2009-1

      REPORTABLE CONDITION: The Sewer Fund has a unreserved net assets
        deficit as of June 30, 2009, in the amount of $(176,598).

      CAUSE: Increased deprecation expense on new additions and
        increased repair and maintenance has caused the deficit.

      EFFECT; The general fund may be needed to bail out the sewer fund
        if the deficits are not reversed.

      RECOMMENDATION:   I recommend a sewer fee increase.

      MANAGEMENT RESPONSE: The sewer fee has been increased and the
        deficit will take several years to reduce. Also, net assets
        invested in capital assets in the amount of $1,386,016 is more
        than enough to offset the deficit. Should it becomes necessary
        to extinguish the deficit and the General Fund has available
        unreserved-undesignated net assets of $1,894,021 that could be
        transferred to the proprietary fund.
                                     * * * *




                                        44
                                TOWN OF BRUSLY
                           CORRECTIVE ACTION PLAN
                          YEAR ENDED JUNE 30, 2009



                                 CORRECTIVE          NAME OF   Al^ICIPATED
REF       DESCRIPTION              ACTION            CONTACT    COMPLETION
NO,       OF FINDING               PLANNED            PERSON       DATE

2009-1   Sewer Fund Has      A Sewer Fee Increase    Mayor Joey    6-30-10
         A Unrestricted      Will Be Studied.         Normand
         Fund Deficit.




                                     45

				
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