Tangipahoa Parish School Board - LLA Default...

olC^Gf

t c o o

u j < : 2:uj U J >

REC

LA

TI

V i

cs UJ •

i n CM

ifs S \o CSJ

- ^ C*|

^

~ -2 3 OJ

fc E

|i • ^ to

5 tr

a ; OJ

o o C Q.

o o

l < Q. 0) X- § > o 3 -a

P 0) C

•^ ro x :

O J2 ^

OJ cn Q) ro c >

OJ o X i 53 ^ "- 3 Ol

:?:*

rs o o

•Si

•goo

ro



XI ^ = ro O +±

1 1 s

So 5 (U p- o

„

'p m Q.

^ D. Cl. TO

fl) tn CO UJ Q)

rr

TANGIPAHOA PARISH SCHOOL SYSTEM

STATE OF LOUISIANA AMITE CITY

COMPREHENSIVE ANNUAL FINANCLVL REPORT

For the fiscal year July 1, 2010 through June 30, 2011

ANGIPAHOA PARISH

SCHOOL SYSTEM

Prepared by Finance Department

Mr. Bret Schnadelbach, Chief Financial Officer Business Services

TANGIPAHOA PARISH SCHOOL SYSTEM - AMITE, LOUISIANA COMPREHENSIVE ANNUAL FINANCIAL REPORT

TABLE OF CONTENTS

Page Number

I. INTRODUCTORY SECTION Principal Officers f Organizational Chart ii Letter of Transmittal iii Elected School Board Members viii First Level Administrators ix Govemment Finance Officers Association of the United States and Canada Certificate of Achievement for Excellence in Financial Reporting x Association of School Business Officials International Certificate of Excellence in Financial Reporting xi

II. FINANCIAL SECTION Independent Auditors' Report 1 Required Supplementary Information (Part A) Management's Discussion and Analysis (MD&A) 2 Basic Financial Statements Government-Wide financial Statements (GWFS)

Statement of Net Assets 10 Statement of Activities 11

Fund Financial Statements (FFS) Govemmental Funds Balance Sheet 12 Reconciliation fo the Govemmental Funds Balance Sheet to the Statement of Net Assets 13 Statement of Revenues. Expenditures, and Changes in Fund Balances 14 Reconciliation of the Govemmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities 15 Proprietary Funds Statement of Net Assets 16 Statement of Revenues, Expenses, and Changes in Net Assets 17 Statement of Cash Flow/s 18 Fiduciary Funds Statement of Fiduciary Assets and Liabilities - Agency Funds 19

Notes to Basic Financial Statements 20 Required Supplementary Information (Part B) Budgetary Comparision Schedule;

General Fund i 37 Sales Tax Maintenance Fund 36 No Child Left Behind Act of 2001 Fund (NCLB) 39

Notes to Budgetary Comparison Schedules 40 Supplemental Information Combining Nonmajor Govemmental Funds - by Fund Type

Combining Balance Sheet - by Fund Type - Govemmental 41 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - by Fund Type - Govemmental 42

Nonmajor Special Revenue Funds Descriptions 43 Combining Balance Sheet 45 Combinging Statement of Revenues, Expenditures, and Changes in Fund Balances 48 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual 51

Nonmajor Debt Service Funds Descriptions 66 Combining Balance Sheet 67 Combinging Statement of Revenues, Expenditures, and Changes in Fund Balances 69 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual ' 71

Budgetary Comparision Schedule Other Major Capital Project Fund - Sales Tax Pay As You Go 78 Budgetary Comparision Schedule Other Major Capital Project Fund - O.W. Dillon Fund 79 Fiduciary Fund - Agency Funds

Descriptions 80 Statement of Changes in Assets and Liabilities 81

Pnsprietary Funds Descriptions 82 Supplementary Individual Fund Comparative Statement of Net Assets Enterprise and Intemal Service Fund . 83 Supplementary Individual Fund Comparative Statement of Revenues, Expenses, and Changes in Net Assets 84 Supplementary Comparative Statement of Cash Flows 85

Capital Assets Supplementary Comparative Schedule - by Source 87 Supplementary Schedule of Changes in Capital Assets - By Function and Activity 88 Supplementary Schedule of Capital Assets - by Function 89

TANGIPAHOA PARISH SCHOOL SYSTEM - AMITE, LOUISIANA COMPREHENSIVE ANNUAL FINANCIAL REPORT

TABLE OF CONTENTS

Page Number

II. STATISTICAL SECTION (UNAUDITED) Financial Trends

These schedules contain trend information to help the reader understand the School Board's financial performance as welt as how it has changed over time.

General Fund School System Expenditures by Function (Unaudited) - Last Ten Fiscal Years 92 Net Assets by Component - Last Ten Fiscal Years 93 Changes in Net Assets - Last Ten Fiscal Years 94 Fund Balances of Govemmental Funds - Last Ten Fiscal Years 95 Changes in Fund Balances of Govemmental Funds - Last Ten Fiscal Years 96

Revenue Capacity These schedules contain infomnation to help the reader assess the School System's most significant revenue sources.

General Fund School System Revenues by Source - Last Ten Fiscal Years 97 State Support and Local Support of General Fund per Student (Unaudited) -

Lasf Ten Fiscal Years 98 Parish-Wide Property Taxes Levies and Collections (Unaudited) - Last Ten Fiscal Years 99 Assessed and Estimated Actual Value of Taxable Property (Unaudited) -

Last Ten Fiscal Years 100 Property Tax Rates and Levies - Direct and Overiapping Govemments (Unaudited) -

Last Ten Fiscal Years 101 Principal Taxpayers (Unaudited) -

For Fiscal Year Ending June 30, 2011 and June 30. 2002 102 Sales and Use Tax Rates - Direct and Overlapping Govemments (Unaudited) -

Last Ten Fiscal Years 103 Sales and Use Tax Collections - Direct and Overiapping Governments (Unaudited) -

Last Ten Fiscal Years 104 Debt Capacity

These schedules present infonnation to help the reader asses the affordability of the School System's current levels of outstanding debt and its ability to issue debt in the future.

Ratio of Net General Obligation Bonded Debt to Assessed Value and Net Bonded Debt Per Capita (Unaudited) - Last Ten Fiscal Years 105

Computation of Legal Debt Margin (Unaudited) - As of June 30, 2011 106 Computation of Direct and Overiapping Bonded Debt (Unaudited) - Asof June 30, 2011 107 Ratio of Debt Service Fund Annual Debt Sen ice Expenditures to Total

General Fund Expenditures and Revenue (Unaudited) - Last Ten Fiscal Years 108 Ratios of Outstanding Debt by Type - Last Ten Fiscal Years 109

Demographic and Economic Information These schedules offer demographic and economic indicators to help Uie reader understand the environment witiiin 'which Uie School System's finandal activities take place.

Demographic Statistics (Unaudited) - Last Ten Fiscal Years 110 Construction and Bank Deposits (Unaudited) - Last Ten Fiscal Years 111 Ten Largest Employers (Unaudited) -

For Fiscal Year Ending June 30, 2011 and June 30, 2005 112 Operating information

These schedules contain service and infi^sbucture data to help the reader understand how the information in tiie School System's financial report relates to the services it provides and tiie activities it performs.

School Building Infomiation - As of June 30, 2011 113 Summary of Compensation Paid to School System Board Members -

For Fiscal Year Ending June 30, 2011 114 Personnel Roster - Last Ten Fiscal Years 115 Average Salaries of Public School Staff - Last Five Fiscal Years 116 Education Levels of Public School Staff - Last Five Fiscal Years 117 Experience of Public School Principals - Last Five Fiscal Years 118 Reduced/Free Lunches - Last Ten Fiscal Years 119 Reduced/Free Breakfast- Last Ten Fiscal Years 120 Operating Statistics - Last Ten Fiscal Years 121

Tangipahoa Parish School System 2010-2011 Comprehensive Annual Financial Report

Introduction


PRINCIPAL OFFICERS 2010-2011

SCHOOL BOARD MEMBERS

PRESIDENT Rose Doniinguez

Eric Dangerfield Saiadra Bailey-Simmous Andy Anderson Ann Sniidi Gail Pittman-McDaniel Al Link Brett Duncan Chris Cohea

ADMINISTRATIVE OFFICIALS Mark Kolwe, Superintendent

Thomas Bellavia, Assistant Superintendent - Administration & Human Resources Lionel Jackson, Assistant Superintendent - Pupil Services

Bret Schnadelbach, Chief Financial Officer Melissa Stilley, Chief Administrative Officer

Lynell Higgenbotham, Chief Desegregation Officer

INDEPENDENT AUDITORS Harris CPA, LLC

TANGIPAHOA PARISH SCHOOL SYSTEM 2010-11 ORGANIZATIONAL CHART

',l.XiQSEIt..Jii:GÔN.'

•| ^ ''A^sisuM'-i--'''

SERVKSBS V

HMDmmsE

e60M)iNA^bRp]^

.lViEtISSA-3TCJnULEV ' GmFAGAUEWie i

OtiFICBR

1 V ' pniBafoR'OK '

'. PROGRAMS? r : pBBORA'ffEOiismG ;:

: ' BmECTOR'Gir ; • tSPBCIAL EDtrCA^GN '• j' y VlHtfBÂ'PBGO'

,•- V - „ - i " • ' - ••••••'-•

r"^^"DiRietoiio? : ,

i'; DiRBei'OR'Oit V) TECHNOLQGV ,

: VlOKi' tACKWBljL, • 1, • ^ • 1

¥-A •K-14'sciaooi^^

, LMELL . • " fflGCffiNJBOTHAM,!

cmBFDESBGBEGyOTIONI 0FF4G:BR' '.

THOWASSBItliAViA

: ;'Sl^RlS'CE*«te|;??T

BRET • SCBNAÊLBAO^

' CfflEirPlNANCtAt OFFICBR

lÎRififiJTOR©* HijMANTts;^îeES

ROKGBNCO.

fiHtEîrOROF Bj^|N£SS«S]^R^^KS

; KAYEROBERirs

DI]ftEC'll0JtOJrwiA A!$?6ELVm.|Cl[2i s6N

B]S£CTQR^0F . ^ . • MÎNTENANCIli ^

eONSTRBCTlON

KIKl^CTOltOyCHW! NJdTRECION'

PA? 0tJT<:Ml?SON

:ÊreBCT0BOF / :TRANSEORTATI0N & ] RISk.MANA)^MENT

LEVAR JAMES

INTtiRNifiLAUBifOR BEBRA D A W \

PAYROliL \ OOORDlKAa^dR

iROSABXi:^

' $ A 4 £ S & X [ S E T A X .

• ADMINISTRATOR DONSAjSRtJDE ,,

ANGiPAHo> T A N G I P A H O A PARISH SCHOOL SYSTEM PARISH 0

SCHOOL SYSTEM

59656 PULESTON ROAD - AMITE, LOUISIANA 70422

TELEPHONE; (985) 748-7 i 53 • FAX # (985) 748-8587

MARK KOLWE ROSE DOMINGUEZ

Superintendenl President oj the Board

November 15. 2011

Tangipahoa Parish School System Amite, Louisiana

Dear Citizens of Tangipahoa Parish and System Board Members

The comprehensive annual financial report of the Tangipahoa Parish School System for the fiscal year ended June 30, 2011, is hereby submitted. Responsibility for both the accuracy of the data, and the completeness and fairness of the presentation, including all disclosures, rests v ith the School System. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to present fairly the financial position and results of operations of the School System. All disclosures necessary to enable the reader to gain an understanding ofthe School System's financial activities have been included.

The comprehensive annual financial report is presented in three sections: introductory, financial, and statistical. The introductory section includes the School System's list of principal officers, organizational chart, and this transmittal letter. The transmittal letter is designed to be read in conjunction with the management discussion and analysis. The financial section includes the independent auditors' report, management discussion and analysis, the basic financial statements, and supplementary information which includes budgetary comparison schedules and individual fund financial statements and schedules. The statistical section includes selected financial and demographic information, generally presented on a multi-year basis. It is recommended the reader of this report refer to the management discussion and analysis on pages 2 - 9 as it provides an overview of the financials in a concise and user friendly manner.

The School System is required to undergo an annual single audit in confonnity with the provisions of the Single Audit Act, as amended, and the U.S. OfTice of Management and Budget Circular A'133, Audits of States, Local Govemments and Non-Profit Organizations. Information related to this single audit, including the schedule of expenditures of federal awards, findings and recommendations, and the Reports on Compliance and on Intemal Control over Finandal Reporting Based on an audit of financial statements performed in Accordance with the Govemment Auditing Standards and the Report on Compliance with Requirements Applicable to Each Major Program and Internal Control over Compliance in Accordance with OMB Circular A-133, are included in a separate reporting package.

This report includes all funds and activities for which the School System exercises financial accountability. The School System is a legislative body authorized to govern the public education system of Tangipahoa Parish, Louisiana. A nine member board govems the School System with each member serving a concurrent four-year term. The current board is in the first year of its four year term.

It is the responsibility ofthe School System to make public education available to the residents of Tangipahoa Parish, including instructional personnel, instructional facilities, administrative support, business services, operation and maintenance, and bus transportation. The School System provides a full range of public education sen/ices appropriate to grade levels ranging from pre-kindergarten through grade 12. These include regular and enriched academic education, special education for handicapped children, and vocational education. The School System has a cun-ent enrollment of approximately 19,000 pupils at the February 2, 2011 MFP student membership count.

The School System is authorized to establish public schools as it deems necessary, to provide adequate school facilities for the children of the parish, to detemiine the number of teachers to be employed, and to detennine the local supplement to their salaries. Accordingly, since the School System Board members are elected by the public and have decision-making authority, the power to designate management, the ability to significantly influence operations and primary accountability for financial matters, the School System is not included in any other govemmental reporting entity.

"The Tangipahoa Parish School System does not discriminate on the basis of race, color, national origin, sex, age, disabilities or veteran status. We are an equal opportunity employer."

I l l

ECONOMIC CONDITION AND OUTLOOK

Tangipahoa Parish is one of the southeastern parishes of Louisiana, between New Orieans and the state's capital, Baton Rouge. Bisected north to south by the Illinois Central Gulf Railroad and Interstate 55, which intersects Interstate 12, it has ready access to the east and west coasts as well as mid-west to the Gulf Coast. The South Tangipahoa Parish Port provides the parish with water access to both inter-coastal and river transportation. These characteristics have distinguished Tangipahoa Parish as an important distribution center of the South and influence growth.

The economic growth in the New Orleans, Baton Rouge and areas along the Mississippi River has also contributed to the growth of Tangipahoa Parish.

The past year has been one of mixed economic direction. Retail sales have increased an average rate of 2.86%. Moreover, the assessed value of taxable property has increased by 4%. However, the per capita income decreased by 3.4%. It is expected that this moderate economic change will continue through the next fiscal year.

Despite this mixed, moderate economic change, the School System has enabled and continued to add and improve school facilities and the quality of education in the parish. The general fund has continued to increase per student expenditures by an average of neariy 2.3% per year for the last five years and provided for a neariy 3.07% average increase per year in starting teachers' salaries for the past five years.

The economy of Tangipahoa Parish is primarily residential oriented, which has brought an influx of retail and sen/ice establishments, offices and shopping centers. However, there is a unique blend of residents employed in a variety of diverse industries ranging from agriculture to technology. The parish curently has a 9.9% unemployment rate as compared to a statewide rate of 8.1 percent.

MAJOR INITIATIVES

In developing the goals and objectives for the Tangipahoa Parish School System, the System examined our nation's goals and Louisiana's educational initiatives. These goals have an affect on the planning process and in the past years have caused shifts in educational funding, priorities, and programs.

Louisiana's School and District Accountability System adopted by the State Board of Elementary and Secondary Education in October 1998 attempts to address some of these goals. The accountability system is based on the concept of continuous growth. Every school can improve and is expected to show academic growth. Also, Louisiana's new testing program for students has been implemented for the last five years. The goals adopted by the Board are as follows:

Goal 1 Implement Response to Intervention (RTI) in every school to integrate assessment and interventions within a multi-layer prevention system in order to maximize student achievement and reduce behavioral problems;

Goal 2 Implement the Connections Process, an academic intervention, for overage students in 7* and 8* grade to assist them with getting back on track for high school graduation;

Goal 3 Implement a process which allows K-8 schools to meet the needs of students perfonning above grade level by placing them in Advanced Classes;

Goal 4 Increase the number of students participating in Dual Enrollment opportunities that allows eligible high school juniors and seniors to eariy post-secondary credits while still attending high school;

Goal 5 Increase the awareness ofthe Common Core State Standards (CCSS) to all stakeholders; Goal 6 Implement reform and intervention strategies at low performing ivatch" schools to increase student

achievement; Goal 7 Conduct quarteriy School Quality Reviews and provide feedback to principals on strengths and weaknesses

identified during the quality review visits; Goal 8 Build leadership capacity throughout the district by providing ongoing professional development for assistant

principals and administrative assistants as a systemic approach to leadership succession; Goal 9 Develop a district-wide Communication Plan to build awareness, understanding, and support among intemal

and extemal communities; Goal 10 Enhance the district's website system to improve communication with our intemal and extemal communities.

The Tangipahoa Parish School System Is dedicated to hiring and keeping the most qualified teaching personnel, tn order to attract the best teachers to the parish and to be competitive with the leading Louisiana parish school systems, the superintendent and staff have concentrated efforts on increasing teachers' salaries. Starting pay for the teachers has increased by neariy 35% over the past ten years, and an average of 3.07% per year for the last five years.

IV

To achieve the overall goals and objectives set forth for the 2011-2012 school year, instructional and school-based programs will receive the majority of the allocated funds. The largest expenditure In education is for salaries and benefits. Of the total governmental funds budget of $199 million, over $150 million Is dedicated to this category. Materials, supplies, and equipment comprise an additional $15 million. The remaining portions are committed to paying debt principle and interest, utilities, and other administrative costs.

The School System has been In the midst of a major capital expansion program of its school and administrative facilities as a result of the growth experienced within the parish. Several facilities were completed In the 2011 fiscal year, and numerous expansion projects are underway as listed below:

• Covered walkways at Loranger Middle School budgeted for $21,680; • Renovations for television studio at Independence Middle Magnet budgeted for $20,000; • Renovations for Medical Magnet Program at Hammond High Magnet budgeted for $206,682; • Security cameras at Tucker Elementary budgeted for $37,193; • Exterior painting at Woodland Park Elementary Magnet budgeted for $48,675; • Construction of new O.W. Dillon School budgeted at $14.2 million.

FINANCIAL INFORMATION

Intemal Controls. Management of the School System is responsible for establishing and maintaining internal controls designed to ensure that the assets of the School System are protected from loss, theft or misuse and to ensure that adequate accounting data are complied with generally accepted accounting principles. Intemal controls are designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that: (1) the cost of a control should not exceed the benefits likely to be derived; and (2) the valuation of costs and benefits requires estimates and judgments by management.

Single Audit. As a recipient of federal, state and local financial assistance, the School System also is responsible for exerting that adequate internal controls are in the place to ensure compliance with applicable laws and regulations related to those programs. This internal control structure is subject to periodic evaluation by management.

As a part of the School System's single audit, tests are made to determining the adequacy of internal controls, including the portion related to federal programs, as well as to determining that the School System has complied with applicable laws and regulations. The results of the School System's single audit for the fiscal year ended June 30. 2011 provided no instances of material weaknesses in internal controls or significant violations of applicable laws and regulations.

Budgeting Controls. In addition, the School System maintains budgetary controls. The objective of these budgetary controls is to ensure compliance with the annual appropriated budgets. Including all subsequent amendments, approved by the School Board. Activities of the General Fund, Special Revenue Funds, Debt Service Funds and Capital Projects Funds are included in the annual appropriated budget. The level of budgetary control (that is, the level at which expenditures cannot exceed the appropriated amount) is established at the function of project level within the individuals funds. Management can not over expend budgetary limits without board approval. The School System also maintains encumbrance accounting systems as one technique of accomplishing budgetary control. Encumbered amounts at year end, for budgetary purposes, are Included as expenditures in the General Fund and the Capital Projects Funds. In the other funds, encumbered amounts lapse at year end; however encumbrances generally are reapportioned as part of the next year's budget. The School System continues to meet its responsibility for sound financial management.

General Government Functions.

The two most significant local revenue sources are ad valorem taxes and sates taxes. Property tax millages are established by the State Constitution and/or tax propositions approved by the electorate. Any increase to current millages or additional millages must be approved by a referendum of the voters. Sales taxes show a moderate increase in collections, which are attributable to the slight growth of the local economy over the previous year and to the steadiness in the population. The School System collects the maximum two percent sales tax allowed by the state law.

State revenue sources continue to provide the majority of the School System's revenue. The increase in the State's 2010-11 appropriation for equalization is composed primarily of additional funding generated by the growth in student enrollment. The decrease in federal sources is primarily due to reduced funding for the various programs.

Total governmental expenditures were down $250 thousand compared to last fiscal year. Debt service comprised close to $200 thousand ofthe total decrease. This was due to some debt restructuring.

General Fund Balance. The fund balance ofthe General Fund decreased $5.1 million in fiscal year 2011 to $18.3 million which is the equivalent of 54 days of expenditures. Approximately $16.2 million of the general fund balance is primarily earmarked for Insurance and retirement, future hurricanes, and other items and $2.1 million is available for appropriations.

Debt Administration. At June 30, 2011, the School System had a number of debt issues outstanding, Including $9.5 million of general obligation bonds and $14.2 million of QSCB bonds (revenue bonds). The School System fully paid its outstanding district revenue bonds by retiring $3.4 million In the 2011 fiscal year.

The general obligation bonds are secured by the good faith and credit of the Tangipahoa Parish School System. These bonds are currently serviced by ad-valorem taxes collected by the School System. As of June 30, 2011 the School System maintains approximately $2.2 million reserve funds for these issues.

The revenue bonds are secured by and payable from a pledge and dedication of the surplus annual revenues of the School System's general funds and special revenue funds above statutory, necessary, and usual charges in each fiscal year that the bonds are outstanding. As of June 30, 2011 the School System maintained no fund balance as these bonds were retired in the 2011 fiscal year.

Not included in the School Systems long tenn debt are approximately $5.1 million of school district general obligation and sales tax bonds defeased. The notes to the Financial Statements contain more detailed information on the defeased bonds.

The School System is limited by state statute from issuing general obligation bonds in excess of 35% ofthe assessed value of that district. The one-cent sales and use tax dedicated to service the bonds expired in 2007 when the bonds were deemed.

Cash Management Cash temporarily Idle during the year was invested in demand deposits, government securities. and Louisiana's Asset Management Program (LAMP). The average yield on investments was approximately 2.4% percent and the School System eamed interest/investment revenue of $507 thousand on all investments (governmental and proprietary) for the year ended June 30, 2011.

The School Systems investment policy is to minimize credit and market risks while maintaining a competitive yield on its portfolio. Accordingly, deposits were either insured by federal depository insurance or secured by the pledge of securities owned by the financial institution. These pledged securities are held by a mutually agreed upon third-party financial institution in the name of the School System.

Risk Management. In fiscal year 1992, the School System initiated a risk management program for workers' compensation. As part ofthis comprehensive plan, resources began to be accumulated in an Internal Service Fund to meet potential losses. In addition, various risk control techniques, including employee accident prevention training, have been implemented to minimize accident related losses. Third-party coverage is currently maintained for individual workers' compensation claims in excess of $300,000.

In addition, in fiscal year 1992, the School System initiated a risk management program for general and automotive liability and property damage. Resources are transferred from the General Fund and accumulated in an Intemal Service Fund to pay potential claims. The School System has undertaken a program to determine methods to limit our exposure to general and automotive liability claims and to minimize any potential loss of or damage to property. Third-party coverage of commercial insurance for individual claims in excess of $150,000 for general and automotive liability and $100,000 for each property damage claim maintained by the School System.

VI

OTHER INFORMATION

Independent Audit. State statutes require an annual audit by independent certified public accountants. The auditing firm of Harris, CPA, LLC was selected by the School System to perform the fiscal year 2011 audit. In addition to meeting the requirements set forth in state statutes, the audit also was designed to meet the requirements of the federal Single Audit Act, as amended and related OMB Circular A-133. The independent auditors" report on the financial statements is included in the financial section of this report. The Independent auditors' reports related specifically to the Single Audit Act are included in a separate Single Audit reporting package.

Awards. The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the Tangipahoa Parish School System for Its comprehensive annual financial report for the fiscal year ended June 30, 2010.

In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized comprehensive financial report, whose contents conform to program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requirements.

The Tangipahoa Parish School System was also awarded a Certificate of Excellence in Financial Reporting for its comprehensive annual financial report for the fiscal year ended June 30. 2010 by the Association of School Business Officials, International (ASBO).

The award certifies that the school system has presented its comprehensive annual financial report to the ASBO panel of Review for critical review and evaluations and that the report was judged to have complied with the principles and practices of financial reporting recognized by ASBO. Receiving' the award is recognifion that the school system has met the highest standards of excellence in school financial reporting.

Both a Certificate of Achievement (GFOA) and a Certificate of Excellence (ASBO) are valid for a period of one year only. The Tangipahoa Parish School System has received both certificates for the last 23 consecutive years. We believe our current comprehensive annual financial report continues to conform to the program requirements of both organizafions and we are submitting it to GFOA and ASBO to determine its eligibility for each ofthe certificates.

Acknowledgments. The preparation of the comprehensive annual financial report, on a timely basis, was made possible by the dedicated service of the enfire accounfing staff. Each member of the department has our sincere appreciafion for the contribufions made in the preparation of this report. In addition, our gratitude is extended to the Graphic Arts Department for their valued assistance in the design of this report.

In closing, without the leadership and support of the Members of the School System, both individually and collectively, preparation ofthis report would not have been possible.

Respectively submitted.

Mari< Kolwe Bret Schnadelbach

Superintendent Chief Financial Officer

vti


Amite, Louisiana

Elected School Board Members

2010-2011

Present Present Term Term Began as a Began Expires Board Member

President Ms. Rose Dominguez District 1

1/1/20il 12/31/2014 January, 2007

Vice President Mr. Eric Dangerfield District G

1/1/2011 12/31/2014 January, 2007

Mrs. Sandra Bailey-Simmons District H

1/1/2011 12/31/2014 July, 2001

Ms. Ann Smith District A

1/1/2011 12/31/2014 January, 2007

Mr. Al Link District D

1/1/2011 12/31/2014 January. 1999

Mr. Edwin "Andy" Anderson District C

1/1/2011 12/31/2014 January, 2011

Ms. Gail Pittman-McDaniel District B

1/1/2011 12/31/2014 January, 2011

Mr. Brett Duncan District E

1/1/2011 12/31/2014 January, 2011

Ms. Chris Cohea District F

1/1/2011 12/31/2014 January, 2011

v i i i

Tangipahoa Parish School System Amite, Louisiana

First Level Administrators 2010-2011

Mr. Mark Kolwe

Mr. Thomas Bellavia

Mr. Lionel Jackson

Ms. Melissa Stilley

Mr. Bret Schnadelbach

Dr. Lynell Higgenbotham

Ms. Marilyn Baker-Ramsey

Ms. Vicki Blackwell

Mr. Ron Genco

Ms. Deborah Forshag

Ms. Patricia Hutchinson

Mr. Pascal Lamarca

Dr. Elizabeth Moulds

Ms. Virginia Peco

Ms. Kaye Roberts

Mr. Levar James

Mr. Ancil Wilkinson

Mr. Danny Williams

Superintendent

Assistant Superintendent, Administration, Curriculum & Instruction

Assistant Superintendent, Pupil Services

Chief Academic Officer

Chief Financial Officer

Chief Desegregation Officer

Director, Pupil Services

Director, Technology

Director, Human Resources

Director, Federal Programs

Director, School Food Service

Director, Maintenance & Construction

Administrator-at-Large

Director, Special Education

Director, Business Services

Director, Transportation and Risk Management

Acting Director, Workforce Investment Act (JTPA)

Director, Curriculum/Instruction

Began in This Position

07/07

07/03

07/09

06/07

01/10

10/08

07/09

07/07

05/07

07/03

10/98

01/07

07/93

01/09

05/07

05/10

10/07

07/07

IX

All roads lead to Hammond! An Infomiatlonal meeting for the International Baccalaureate Pnsgramme was held February 9th In the Hammond High School cafeteria. Tangipahoa Parish teachers Interested In the IB World School program attended this meeting. The purpose

and mission of the IB Programme was presented by IB Coordinator Maria IHershey. Faculty members were given opportunities to discuss their concems and ask questions. Also in attendance were the new principals of the Magnet programs for the 2011-12 school year, as well as TPSS boand members and TPSS Superintendent Marie Kolwe. Standing from left to right: Hammond High Magnet School Principal Chad

Troxclair, Magnet Coordinator Allison Andrews, Hammond Junior High Magnet School Principal Marquita Jackson, Hammond Eastslde Magnet School Principal Maureen Terese, Intemational Baccalaureate Coordinator Maria Hershey, Tangipahoa Parish School Board

President Rose Oominquez, and Tangipaohoa Parish Schools Superintendent Marie Kolwe.

Certificate of Achievement for Excellence in Financial Reporting

Presented to

Tangipahoa Parish School System

Louisiana

For its Comprehensive Annual

Financial Report

for the Fiscal Year Ended

June 30,2010

A Certificate of Achievement for Excellence in Financial Reporting is presented by the Government Finance Officers

Association ofthe United States and Canada to government imits and public employee retirement systems whose comprehensive annual financial

reports (CAFRs) achieve the highest standards in government accounting

and financial reporting.

Executive Director

I B

o

I i o

z Qfi U H Z

^

' ^ ^

o

1 4>

o

•3 • •-H

o C E .S

g

1 tS (+H

o •H •

••—1

U CO

S Ui I - . (0 > -(0 -1 o O X o T (0

< Q.

< o I < Q.

o Z < y-

^ ^ Of U. <

o t ; o a

.5 o c (0 c

"(5 3 C c

o o

o

(U T3 C

< >-0) >

c 0)

1 a E o o

o 11.

o C/5

E (U

5 s fe

t E o 2 &8>

±= o cc 0)

l l 0 X CTLU 3 O

s s

So > CQ 0) CO

•4— t4_

o o Q) «

« 1 § f 1? U OQ

l-l l l

•g g s i 5 c 1° E >» 8 ni c c

. 4 M

c 0)

QL

XI


Financial Section

Harris CPA, LLC Ceitified Public Accountant INDEPENDENT AUDITORS' REPORT

The Board Members ofthe Tangipahoa Parish School System Amite, Louisiana

We have audited the accompanying financial statements ofthe governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the Tangipahoa Parish School System (School System), as of and for the year ended June 30,2011, which collectively comprise the School System's basic financial statements as listed in the table of contents. These financial statements are the responsibility of the School System's management. 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 Govemment 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 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. We believe that our audft provides a reasonable basis for our opinions.

In our opinion, the financial statements refen-ed to above present fairly, in all material respects, the respective financial position ofthe governmental activities, business-type activities, each major fund, and the aggregate remaining fund information ofthe School System, as of June 30,2011, and the respective changes in financial position and cash flows, where applicable, thereof for the year then ended in conformity with accounting principles generally accepted in the United States of America.

In accordance vtrilh Govemment Auditing Standards, we have also issued our report dated November 15,2011. on our consideration of the School System'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 financiai reporting or on compliance. That report is an integral part of an audit performed in accordance with Govemment Auditing Standanjs and should be considered in assessing the results of our audit.

Accounting principles generally accepted in the United States of America require the management's discussion and analysis and budgetary comparison information on pages 2-9, and pages 37-40 and 78-79. respectively be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Govemmental 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 inquires 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.

Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the School System's basic financial statements as a whole. The introductory section, combining and individual nonmajor fund financial statements, and statistical section are presented for purposes of additional analysis and are not a required part ofthe financial statements. The combining and individual nonmajor fund financial statements are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the finandal statements.' The information has been subjected to the auditing procedures applied in the audit ofthe financial statements and certain additional procedures, including comparing and reconciling such information directiy to the underlying accounting and other records used to prepare the financial statements or to the financial siatements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, information is fairly stated in all material respects in relation to the financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we express no opinion or provide any assurance on them.

November 15, 2011 ^ o

11944 Justice Avenue • Suite A • Baton Rouge, Louisiana 70816 Voice (225) 291-2008 • Fax (225) 291-2088 • Email [email protected]

1

mailto:[email protected]

REQUIRED SUPPLEMENTARY INFORMATION (PART A)

.2. a-j-

^ ^

• ^ - A ; ^ - •'•-,,.^ '••• N^. •' '•-' •"'"-" -•;y

:••.: :. ••••'-' - -J

/>

A senior at Ponciiatoula High School in Kitty FauHtenberrys Talented Art class, recently placed first in the Tickfaw State Park Art Contest.

TANGIPAHOA PARISH SCHOOL SYSTEM - AMITE, LOUISIANA

Management's Discussion and Analysis June 30, 2011

We offer readers of the Tangipahoa Parish School System's financial statements this narrative overview and analysis of the financial activities of the Tangipahoa Parish School System for the fiscal year ended June 30, 2011. We encourage readers to consider the information presented here in conjunction with additionaf information that we have furnished in our letter of transmittal.

Financial Highlights

Key financial highlights for the 2010-11 fiscal year include the following:

• Statement of Net Assets - The assets of the Tangipahoa Parish School System exceeded its liabilities at the close of the 2011 fiscal year by $98.4 million (net assets) compared to the previous year's $104.2 million. Of this $98.4 million, approximately $49.4 million (considered unrestricted net assets) may be used to meet School System's obligations to citizens and creditors as opposed to last year's $43.3 million.

• Statement ofAetivities - The total net assets of the Tangipahoa Parish School System decreased by $5.8 million for the year ended June 30, 2011. The majority of this decrease can be attributed to an increase in expenses, while MFP funding remained approximately the same. Moreover, accruals of OPEB and compensated absences accounted for $3.9 million which was an increase of approximately $2 million compared to last fiscal year.

• Govemmental Funds Balance Sheet - As of the close of the current fiscal year, the Tangipahoa Parish School System's governmental funds reported combined ending fund balance of approximately $68.2 million, an increase of $8.6 million in comparison with the prior fiscal year. The majority of this fund balance is comprised of approximately (1) $2.1 million which is available for spending within the General Fund, $9.4 million which is available for spending within the Sales Tax Maintenance Fund, $15.9 million which is avaiiabie for spending in the capital projects fund Sales Tax Pay as You Go fund, $4.9 million which is available for spending within the numerous Special Revenue Funds, $3.4 million which is available for spending within non-major Capital Projects Funds (2) $2.2 million which is restricted for the payment of outstanding bond issues within the Debt Service Funds, and (3) $27.4 million which is committed for specific projects within the Capital Projects Funds, G/F. and Maintenance Fund, $265 thousand for inventory and $2.5 million for instructional enhancement.

• Governmental Funds Statement of Revenues. Expenditures and Changes in Fund Balances - Total revenues for the year ended June 30, 2011 for the governmental funds of the Tangipahoa Parish School'System amounted to $181.4 million. Approximately 97.5% ofthis amount is received from three major revenue sources: (1) $99.6 million from Louisiana's State Minimum Foundation Program, (2) $36.5 million from local sales, use and ad valorem taxes, and (3) $39.1 million from federal grants. Last year the System's total revenue was $184.6 with very similar composition percentages.

• General Fund's Ending Fund Balance - At the end of the current fiscal year, fund balance for the General Fund, a major fund, was $18.3 million or 15% of total General Fund expenditures The $2.1 million (undesignated) fijnd balance is available for spending at the School System's discretion.

• Capital Assets - Total capital assets (net of depreciation) was $67.9 million or 45% of total assets compared to $69.1 million or 48% last fiscal year. The School System uses these assets to provide educafional and support services to children, adults, and administrafive purposes; consequently, these assets are not available for future spending.

• Long-Term Debt - The Tangipahoa Parish School System's total long-tenn debt increased by $15.4 million, (65%) during the current fiscal year. This was due to issuing $14.2 million in QSC revenue bonds and reclassing claims payable as long-term.

Overview of the Financial Statements

This management discussion and analysts is intended to serve as an introducfion to the Tangipahoa Parish School System's basic financial statements. The School System's basic financial statements comprise three components: (1) govemment-wide financial statements, (2) fund financial statements, and (3) notes to the basic financial statements. This report also contains other supplementary infonmafion in addifion to the basic financial statements themselves.

Government-wide Financial Statements. The government-wide financial statements are designed to provide readers with a broad overview of the Tangipahoa Parish School System.

• The Statement of Net Assets presents information on all of the Tangipahoa Parish School System's assets and liabilities, with the difference between the two reported as net assets. Over time, increases or decreases in net assets may serve as a useful indicator of whether the financial posifion of the Tangipahoa Parish School System is improving or deteriorafing.

• The Statement of Activities presents informafion showing how the School System's net assets changed during the most recent fiscal year. All changes in net assets are reported as soon as the underiying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacafion leave).

TANGIPAHOA PARISH SCHOOL SYSTEM - AMITE. LOUISIANA

Managemenfs Discussion and Analysis June 30. 2011

Fund Financial Statements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The Tangipahoa Parish School System, like other state and local governments, uses fund accounfing to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the Tangipahoa Parish School System can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds.

• Governmenta/ funds. Governmental funds are used to account for essentially the same functions reported as governmental activifies in the govemment-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-temn inflows and outflows of spendable resources, as well as on balances of spendable resources at the end of the fiscal year. Such information may be useful in evaluating the Tangipahoa Parish School System near-tenn financing requirements.

Because the focus of govemmental funds is narrower than that of the govemment-wide financial statements, it is useful to compare the informafion presented for govemmental funds with similar infonnafion presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the School System's near-temn financing decisions. Both the govemmental fund's Balance Sheet and the governmental fljnd's Statement of Revenues, Expenditures, and Changes in Fund Balances provide a reconciliation to facilitate this comparison between governmental funds and govemmental activities.

The Tangipahoa Parish School System maintains 90 individual governmental funds. Information is presented separately in the governmental funds' Balance Sheet and in the govemmental funds' Statement of Revenues, Expenditures and Changes in Fund Balances for the General Fund, Sales Tax Maintenance Fund, NCLBA Fund, the Sales Tax Pay as You Go Fund, and the OW Dillon Construcfion Fund (which were the only individual funds considered to be major), and for all other funds. Data for the other 45 govemmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining statements elsewhere in this report.

The Tangipahoa Parish School System adopts an annual appropriated budget for its General Fund, each individual Special Revenue Fund, as well as each individual Capital Project and Debt Service funds. Budgetary comparison statements have been provided to demonstrate compliance.

• Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties outside the Tangipahoa Parish School System. Fiduciary fijnds are not reflected in the govemment-wide financial statement because the resources of those funds are not available to support the Tangipahoa Parish School System's own programs. The School System maintains two fiduciary funds named the School Activity and 2" * Sales Tax .

• Proprietary funds. Proprietary funds are used to account for the School System's ongoing organizafions and activifies which are similar to those often found in the private sector. This objective is to earn revenues which approximate its costs and expenses. The School System operates two Proprietary fund type fijnds, an Enterprise fijnd and an Internal Service fund. The Enterprise fund is titied the Sales Tax Collection Fund which is used to collect local sales tax within Tangipahoa Parish. The Intemal Service fund serves as a self-insurance fund. The activities for these two funds are presented separately in tiie fund financial statements, however they are grouped within the presentation of the govemment-wide financial statements. The Enterprise Fund is the sole fund reflected in the business-type activities column and the Internal Service Fund is merged into the govemmental activities.

Notes to the financial statements. The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

Other information. In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary infonnation concerning the School System's compliance with budgets for its major funds.

Financial Analysis of Government-wide Activities

As noted eariier, net assets may serve over time as a useful indicator of a government's financial position. In the case of the Tangipahoa Parish School System, assets exceed liabilities by $98.4 million at the close of the most recent fiscal year which provides the School System with a "healtiiy" net asset amount.

The largest portion of the Tangipahoa Parish School System's net assets totaling more than $67.9 million, consists of investment in capitai assets (e.g. land, buildings, machinery, and equipment), less any related debt used to acquire those assets that is still outstanding. This represents 45% of total net assets. The School System uses these capttai assets to provide educational services to children and adults; consequently, these assets are not available for future spending. Although the Tangipahoa Parish School System's investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. Totaling $49.4 million (50%) is unrestricted net assets. This amount may be used at the School System's discretion.


Management's Discussion and Analysis June 30. 2011

Assets:

Current and other assets

Capita) assets, net of accumulated depreciation

Total assets

Liabilities:

Current liabilities

Long-term liabilities

Total liabilities

Net assets:

Invested In capital assets. related debt

Restricted

Unrestricted

Total net assets

net of

Governmental Activities

2011

$62,521,780

67.933,271

150.455.051

13,696,888

39.097,572

52,794,460

44.273,271

4,745,919

48,641.401

$97,660,591

2010

$73,976,365

69.072,526

143,048,891

15.979,607

23,649,019

39,628,626

54.572,526

6,375,451

42,472,288

$103,420,265

%Chanqe

11.6%

-1.6%

5.2%

14.3%

-65.3%

-33.2%

-18.9%

-25.6%

14.5%

-5.6%

Business-

2011

$927,628

0

927,628

211,083

0

211,083

0

0

716,545

$716,545

TVDe Activities

2010

$821,007

0

821,007

27.705

0

27.705

0

0

793,302

$793,302

%Chanfle

13.0%

13.0%

-661.9%

-661.9%

-9.7%

-9.7%

Unrestricted, 48.6

Governmental N e t A s s e t s (in Millions)

June 30, 2011

Invested in Capital Assets, net of related

debt 44.3

Instmctional Enhancement,

2.5

Restricted Debt, 2.3

Restricted net assets of $4.7 million consist of: $2.2 million restricted for debt service and $2.5 restricted for instructional enhancement which consists of State money distributed ft-om the tobacco lawsuit. The reserved for debt service is reported separately to show the legal constraints for the payment of outstanding long-term debt obligations and to limit the School System from using these fijnds for day-to-day operations. Debt Service Funds account for 100% of that total.

Governmental activities decreased the Tangipahoa Parish School System's net assets by $5.8 million, which was a 4% decrease in the net assets of governmental activities compared to last fiscal year. Business activities had a $77 thousand decrease. •

Management 's Discuss ion and Analysis June 30, 2011

Tangipahoa Parish School System's Net Assets

Revenues:

Program revenues:

Charges for services

Federal and State grants /entitlements

General revenues:

Ad valorem taxes

Sales and use taxes

1%Tax

Base Constitution Tax

Minimum Foundation Program

E-Rate- Grant

Interest and investment eamings

Otiier general revenues

Total revenues

Governmental Act ivi t ies 2011 2010 %Chanqe

Business-Type Act iv i t ies 2011 2010 % Chanae

1,414,599

40,758,078

5,224,571

31.322,414

414,438

130,899

99,575,404

1,034.161

484.384

(21,389)

180,337,559

1.539,761

45,214.821

5,671,080

30,470,518

396,757

129,216

99,522,030

1,096,800

569,777

24,826

184,635,586

-8.1%

-9.9%

-7.9%

2.8%

4.5%

1.3%

0.1%

100.0%

-15.0%

-186.2%

458,086

0

. 0

0

0

0

0

22,941

0

481,027

448,682

0

0

0

0

0

0

20,218

0

468,900

2.1%

13.5%

,2.6%

Expenses;

Instnjction:

Regular Ed

Special Ed

Vo<^fional Ed

Other Instructional

Special

Adult Ed

Support services:

Pupil support services

Instructional staff support services

General administration

School administration

Business services

Plant services

Student transportation services

Central sen/ices

Food services operations

Community services

Unallocated depreciation, included retired assets Debt service - interest on long-term obligations

Total expenses

Increase Before Transfers

Transfers

Decrease in net assets

Net assets at beginning of year

Net assets at end of year

70,638.419

19,707,969

2,981,451

2,328,135

10,105,332

127,835

8,810,992

9.974,226

2.200.390

9.400,815

1.307,601

14,911,401

12,532.625

2,549.015

10,755,444

4,329.893

2,966,237

68,438,692

21,276.280

. 2,884,705

2,470,105

12,068,643

160,523

7,601.292

8,977,795

3,756,171

9,440,777

1,303.578

15.241,072

12.134,307

2,281,668

10,653,289

5,938,630

2.909,393

-3.2%

7.4%

-3.4%

5.7%

16.3%

20.4%

-15.9%

-11.1%

41.4%

0.4%

-0.3%

2.2%

-3.3%

-11.7%

-1.0%

27.1%

-2.0%

0

0

0

0

0

0

0

0

481,388

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

431,680

0

0

0

0

0

0

0

0

545,849 733,551 25.6%

•11.5%

186,173,629

(5,836,070)

76,396

(5.759,674)

103,420,265

97,660,591.

188,269,471

(3,633,885)

^"687396

'" (3T565T489)

106,985.754

103,420,265

1.1%

" ' " :60.6%

• "Ti.7%

6lJ% -3.3%

-5.6%

481,388

(36T)

(76,396)

~ 776757") 793,302

716,545

431,680

~37j20

""•(68^396)

(3i',T76) 824,478

793,302

-11.5%

"ioi".o% -117%

i46.2%

-3.8%

-9.7%



Revenues by Source - Governmental Activities

Grants and Contributions Not Restricted To Soeciflc Programs: The single largest source of revenue to the Tangipahoa Parish School System for grants and contributions not restricted to a specific program is the State Equalization or commonly called the Minimum Foundation Program (MFP). The MFP is a distribution of over $2 billion to 69 public school systems by the State of Louisiana for salaries and general operations. The State does not provide money for building schools or retiring debt. The distribution is based on a formula adopted by the Louisiana Board of Elementary and Secondary Education and approved by the Louisiana Legislature. The chart below lists the actual increases or decreases in MFP funds for the past 5 years.

Fiscal Year 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011

Total MFP 86,693.307 99,698,393

102,664.429 99.522,030 99,575,404

Increase (Decrease) 9,225,309 12%

13.005,086 15% 2,966,036 2% (3,142,399) (3%)

56,271 . 1 %

In FY 2010-11, the School System received $99.6 million, or 55.2% of its total revenues fi^m the MFP.

Operating Grants and Contributions: Operating grants and contributions are the second largest source of revenues for the School System. This revenue type is primarily comprised of Federal grants with some state grants included. These grants and contributions are specifically restricted to certain programs, and therefore, are netted against the costs of these programs to show a true net cost.

Sales and Use Tax Revenues: Sales and use tax revenues are the third largest source of revenues for the Tangipahoa Parish School System. A 2% sales tax rate is levied upon the sale and consumption of goods and services within the parish.

Ad Valorem Tax Revenues: Ad valorem tax revenues, also called property tax revenues, are the fourth largest source of revenue for the School System. Ad valorem collections are based upon the number of mills (approved annually by the School System) and the taxable assessed value (established by the Tangipahoa Parish Tax Assessor), subject to the limitations approved by the voters and the Louisiana Legislature.

Governmental Revenues by Source (inMiHions)

June 30,2011

a Other 1.6 • Interest .4

B Charges 1.4

I MFP 99.6

Grants 40.8

DAdValorem 5.2

D Sales&Use Tax 31.3

Program Expenses - Governmental Activities

Expenses for regular, special, vocational, other instructional, special and adult education are considered instructional services and relate to direct expenses of providing instruction to students. Instruction services for fiscal year 2011 totaled neariy $105.9 million, 57% of total expenditures. The remaining expenses can be best described in three categories: (1) Support services, which relate to those fijnctions that support the instructional services provided, such as administration, transportafion, food services, and plant services. Support services for fiscal 2011 totaled $72.5 million, or 39% of total expenditures; (2) Community services which relate specifically to a federal grant entitied "Wori<force Investment Act" had expenditures totaling $4.3 million or 2% of total expenditures; and finally (3) interest on debt payments and unallocated depreciation which totaled $3.6 million or 2% of total expenditures.

The program revenues for fiscal yr 2011 directiy related to these expenses totaled $42.2 million, which resulted in net program expenses of $144 million. These net program expenses are funded by general revenues of the School System.

Governmental E x p e n s e s b y F u n c t i o n (iniMiinons)

June 30, 2011

Instruction 105.9

Interest on Debt .5

Unallocated Depreciation 3.0

Support Services 72.6

Community Services 4.3

Financial Analysis of Governmental Funds

As noted eariier. the Tangipahoa Parish School System uses fijnd accounting to ensure and demonstrate compliance with finance-related legal requirements.

The focus of the Tangipahoa Parish School System's govemmental funds is to provide informafion on near-term inflov\re, outflows, and balances of spendable resources. Such infonnation is useful in assessing the Tangipahoa Parish School System's financing requirements. In particular, unreserved fund balance may serve as a useful measure of a School System's net resources available for spending at the end of the fiscal year.

As of the close of the cun-ent fiscal year, the Tangipahoa Parish School System's governmental funds reported a combined ending fund balance of $68.1 million, an increase of $8.5 million in comparison with the prior fiscal year. The majority of this fund balance is comprised of approximately (1) $2.1 million available for spending within the General Fund, $15.9 available for spending in the Sales Tax Pay as You Go Fund, $9.4 million available for spending within the Sales Tax Maintenance Fund, $4.9 million available for spending within the numerous Special Revenue Funds and $3.4 million available for spending within various nonmajor Capital Project Funds(2) $2.2 million restricted for the payment of outstanding bond issues within the Debt Service Funds, and $13.3 million committed designated for construction in the capital projects major funds and ($3.6 million committed for insurance and retirement reserves for School System employees in the General Fund as well as $10 million for future hurricanes).



• The General Fund is the chief operating fund of the Tangipahoa Parish School System. At the end of the current fiscal year, fund balance of the General Fund was $18.3 million compared with $23.4 million in the 2010 fiscal year. The majority of this decrease was due to an increase in employee benefits such as refirement and health care which are mandated by the State.

• The Sales Tax Maintenance Fund, another other major fund had an ending fijnd balance of $9.4 million, compared to last year's ending fund balance of $9 million, as fund balance held steady.

• The Sales Tax Pay as You Go Fund, another major fund had an ending fund balance of $15.9 million, compared to last year's ending fund balance of $15.5 million. This change was due to an increase in the sales tax distributed to this fijnd.

• The Debt Service Funds have a total fund balance of $2.2 million, all of which is reserved for the payment of debt service. This fund balance decreased compared to the prior year's $3.9 million due to an adequate fund balance to pay the annual debt service.

• Non-major Capital Projects Funds have a totai fund balance of approximately $3.4 million. A slight increase of $423 thousand resulted in the current fiscal year due to the annual transfer of fijnds to the Roofing Fund.

Budgetary Highlights

The Tangipahoa Parish Schoo! System recognizes the importance of sound fiscal planning, as well as. the technical relationship of the financial structure to the teaching of students. Formal budgetary integration is employed as a management control device during the fiscal year. The budget policy of the School System complies with state law, as amended, and as set forth in Louisiana Revised Statutes Titie 39. Chapter 9, Louisiana Local Government Budget Act (LSA.R.S. 39:1301 ef seq.).

The original budget for the School System was adopted on September 1, 2010, and the final budget amendment was adopted on June 15, 2011. The Genera! Fund originally budgeted expenditures totaling $125.6 million. Revisions reduced this amount to $123.1 million. This revision was due to a reallocation of General Fund expenditures which were anticipated to be absorbed by the MFP Stabilization grant and not anticipated to by spent through the General Fund. Actual General Fund expenditures totaled $123.4 million. The $300 thousand difference between the final budgeted expenditures was because less money was spent in the General Fund for retiree health insurance as well as operations and maintenance of plant supplies, in particular electricity costs. These costs were expended in the MFP Stabilization fund.

NCLB originally budgeted $11.8 million in expenditures. The budget was revised to $15.6 million due to inadvertent omission of the Titie II budget as well as anticipation of increases in the School Improvement and Title II (Class Size Reduction) grants. NCLB spent $11.9 million. The $.8 million difference between final budget and actual was due to various supplies and purchased services that were not ordered before year end. These monies were carried over to the next fiscal year. When the final budget was prepared, the assumption was made that the entire grant award was going to be spent by year end.

Capital Assets and Debt Administration

Capital Assets: The Tangipahoa Parish School System's investment in capital assets as of June 30, 2011, amounts to $67.9 million (net of accumulated depreciation). This investment in capital assets includes land, buildings and improvements, fumiture and equipment, and construction in progress. Major capital asset events during the fiscal year included the following:

• The completion of fiie Champ Cooper Restroom Renovations added $107 thousand to the School System's buildings. Depreciation expense for the year amounted to $3.9 million, which decreased the net value of the School System's net assets.

For addifional information regarding capital assets, see the note 5 in the notes to the basic financial statements.

Long-term debt: At the end of the cun-ent fiscal year, Uie Tangipahoa Parish School System had total debt outstanding of $23.7 million. The following table summarizes bonds outstanding at June 30, 2011 and 2010.

2011 Due in 1year 2010 Due in lyear General Obligation Bonds $9,460,000 $1,690,000 $11,095,000 $1,635,000 Revenue Bonds 0 Q 3,405,000 1,085,000 QSCB Revenue Bonds 14,200,000 946,666 0 0

Total $23,660,000 $2,636,666 $14,500,000 $2,720,000



Long-term debt issues for 2010-11 fiscal year include the following:

• Total outstanding bond debt increased by $9.1 million during the fiscal year. • The Tangipahoa Parish School System maintains a bond rating of "Aaa" from Moody's for Construction District

No. 107 and Hammond District No. 1 Series 2005, while the remaining six districts maintain a "Baa" from Moody's for its general obligation bonds. Revenue bonds are rated "Aaa".

• Louisiana statutes limit the amount of general obligation debt the School System may issue to 35% of its total assessed valuation. The current debt limitation for the Tangipahoa Parish School System is $234.8 million dollars, which is significantly higher than the $23.7 million outstanding at June 30, 2011.

For addifional information regarding long-tenn debt, see the note 8 in the notes to the basic financial statements.

Economic Factors and Next Year's Budgets and Rates

The following economic factors were considered when the budget for FY 2011 -12 was presented to the Board:

• The School System forecasts student enrollment to remain constant for the 11-12 school year. « " The Minimum Foundation Program from the State is estimated to increase to $101.9 million, or a $3.2 million

increase, for the 2011-2012 fiscal year. • Sales and use tax collecfions were esfimated to increase by 2%. • The unemployment rate in Tangipahoa Parish is presently at 9.9%. This rate has been between 6% and 9% for

the past four years. • The School System will use the employer's contribution rates for the Teachers' Retirement System at 23.7% and

28.6% for the School Employees' Retirement System for the 2011-2012 fiscal year.

Requests for Information

This financial report is designed to provide a general overview of the Tangipahoa Parish School System's finances for all those with an interest in the School System's finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Chief Financial Officer, Tangipahoa Parish School System, 59656 Puleston Rd, Amite. Louisiana 70422, or by calling (985) 748-7153.

BASIC FINANCIAL STATEIVIENTS:

GOVERNMENT-WIDE FINANCIAL STATEMENTS (GWFS)

The Southeastem Lab School Cubs celebrate an undefeated 7-0 season in the Baton Rouge Soccer Association League. The team is coached by David Wyld. Congratulations to alL


Statement of Net Assets

Asof June 30, 2011

ASSETS

Cash and Cash Equivaients Investments Restricted Investments Receivables:

Due from Other Governments Other

Internal Balances Inventory Prepaids Unamortized Bond Costs Capital Assets:

Land Construction in Progress CapitalAssets, net of Accumulated Depreciation

TOTAL ASSETS

Governmental Activities

$48,416,526 20,446,693

2,498.455

9,936,525 247.801

(3,769) 653.423 228.635

97,491

2.283,022 1,789.491

63,860,758

150,455,051

Business -Type Activities

$923,859 0 0

0 0

3,769 0 0 0

0 0 0

927,628

Total

$49,340,385 20,446,693

2.498,455

9,936,525 247,801

0 653,423 228.636

97,491

2,283.022 1,789.491

63,860.758

151.382,679

LIABILITIES

Accounts Payable Salaries and Related Payables Unearned Revenues Accrued Interest Payable Long-term Liabilities:

Due within one year Due in more than one year Claims and Judgements Payable

TOTAL LIABILITIES

5,201.496 7.150.999 1.252.740

91,653

2,857,094 33,822.557 2,417,921

52.794,460

713 0

210.370 0,

0 0 0

211.083

5,202.209 7,150,999 1.463.110

91,653

2,857,094 33,822,557 2,417.921

'• 53.005.543

NETASSETS

Invested in capital assets, net of related debt Resticted for:

Debt Service Instructional Enhancement

Unrestricted

44.273,271

2.247.464 2.498.455

48.641,401

0 0

716,545

44,273,271

2.247,464 2,498,455

49,357,946

TOTAL NET ASSETS $97,660,591 $716,545 $98,377,136

See accompanying notes to basic financial statements.

10


Statement of Activities

For the Year Ended June 30, 2011

FUNCTION/PROGRAM Primary Government; Govemmental Activitas: Current:

Instruction: Regular Ed Programs Spedal Ed Programs Vocational Ed Programs Other Instructional Programs Special Programs Adult Ed Education

Support Services: Student Services Instructional Staff Support General Administration School Administration Business Services Plant Services Central Services Student Transportation Focxl Services

Community Sen/Ice Programs Amortization of Bond Costs & Discount Unallocated Depreciation on Facilities Unallocated Loss on Retired Assets Interest and Charges on Long-Term Debt

Total GovemmenUit Activites

Business-Type Activites:

General Administration

Totel Business- Type Activities

Total Primary Govemment

GENERAL REVENUES: Taxes:

Ad valorem taxes Sales and use taxes 1%Tax Base constitution tax Revenue sharing constitution tax

Grants and conthbutions not resected to specific programs:

Minimum Foundation Program interest and investment eamings Other

Total General Revenues

Change In Net Assets Before Transfers

Transfers

CHANGE IN NET ASSETS

NET ASSETS. Beginning of Year

NETASSETS. End of Year

Expenses

Program Revenues Net (Expense) Revenue ano

Ctiangas In t^et Assets

Ctiarges fbi Services

Operating Grants S

Contributions Govemmental

Activities

Business-Type

Activities Totel

$70,638,419 19,707,969 2.981,451 2,328.135

10,105,332 127.835

8.810,992 9.974,226 2.200,390 9,400.815 1,307,601

14,911,401 2.549,015

12.532,625 10,755,444 4,329,893

4,148 2,966,237

0 541,701

186.173,629

481.388

481,388

$186,655,017

$0 0 0

186,640 0 0

0 0 0 0 0 0 0 0

1.227,959 0 0 0 0 0

1,414.599

458.086

458,086

$1,872,685

1

! i

!

• i

•

$4,307,196 2,932,961

332,664 659,779

10.376.400 0

1,860,458 6,299,681

0 914.060

75,526 518,152 185,089 172,039

7.612.147 4.511.926

0 0 0 0

40,758,078

0

0

$40,758,078

($66,331,223) (16.775.008)

(2,648,787) (1,481,716)

271,068 (127.835)

(6,950,534) (3.674,545) (2,200,390) (8,486,755) (1.232.075)

(14.393.249) (2.363.926)

(12,360.586) (1,915,338)

182,033 (4.148)

(2.966.237) 0

(541,701)

( 144,000,952)

(144,000,952)

5,224,571 31,322.414

414.438 130,899 (21.389)

99,575.404 484.384

1.034.161

138.164.882

(5.836,070)

76,396

(5,759,674)

103.420.265

$97,660,591

(23.302)

( 23,302)

(23.302)

22.941

22.941

(361)

(76.396)

(76.757)

793,302

....$716,545

($66,331,223) (16.775,008)

(2,648,787) (1,481.716)

271.068 (127.835)

(6.950,534) (3.674,545) (2.200.390) (8.486,755) (1,232,075)

(14,393,249) (2.363.926)

(12.360,586) (1,915.338)

182.033 (4.148)

{2,966.237) 0

(541,701)

(144.000,952)

(23.302)

(23,302)

(144,024,254)

5,224,571 31,322.414

414.438 130.899 (21,389)

99.575,404 507.325

1.034.161

138,187.823

(5.836.431)

0

(5,836.431)

104.213.567

$98,377,136

See accompanying notes to basic financiai stetements.

11

BASIC FINANCIAL STATEMENTS:

FUND FINANCIAL STATEMENTS (FFS)

During Relay for Life this v^eekend, the Hammond High baseball team united as one in honor of a fellow player's father v ho has been battling cancer.


Govemmental Funds Balance Sheet

As of June 30, 2011

ASSETS

Cash and Cash Equivalents Investments Restiicted investments Receivables:

Due From E-Rate Grant Other

Due from Other Funds Due from Other Govemments Inventory

TOTAL ASSETS

UABILITIES AND FUND BALANCES

Liabilities: Accounts Payable Salanes Payable Due to Other Funds Defend Revenues

TOTAL LIABILITIES

General

Sales Tax Pay as You Go

Sales Tax Maintenance NCLBA

Construction Other O.W. Dillon Governmental Total

$9,141,298 7,813.607 2,498,455

2.529.667 ' 136,760

6,060,069 ' 75,321 105.441

$28,360,618

$10,565,972 6,000,000

0

0 0

18,906 0 0

$16,584,878

$5,523,288 3,633,086

0

0 0 0 0

287,969

$9,444,343

• so 0 0

0 0 0

3,485,663 0

$3,485,663

$13,352,214 0 0

0 0 0 0 0

$13,352,214

$9,353,707 3,000.000

0

0 111,041 56,384

3,845,874 260.013

$16,627,019

$47,936,479 20,446.693 2.498,455

2,529,667 247,801

6,135,359 7.406,858

653,423

$87,854,735

$4,751,336 5.311,844

0 2,272

$111,722 0 0 0

$49,255 0 0 0

$612 601,384

2.883,667 0

$0 0 0 0

$233,706 1.237,771 3,255,461 1,250.468

$5,146,631 7,150,999 6,139,128 1,252,740

10,065.452 111,722 49.255 3,485,663 5,977,406

Fund Balances: Nonspendable:

Inventory Restricted for:

instructional Enhancement Debt Service Other Fund Activities

Committed for: Construction Future Hurricanes Insurance and Retirement

Assigned for: Encumbrances

Unassigned: Unassigned

105,441

' 2,498,455 0 0 •

0 10,000,000 3,568,573

0

2,122,697

0

0 0

15,889,935

583,221 0 0

0

0

0

0 0

9,395.088

0 0 0

0

0

0

0 0 0

0 0 0

0

0

0

0 0

7,638

13.344,576 0 0

0

0

159.858

0 2,247,464 8,242,291

0 0 0

0

0

265,299

2,498,455 2,247.464

33,534,952

13,927,797 10,000,000 3,566,573

0

2.122,697

TOTAL FUND BALANCES 18,295,166 16.473,156 9,395.088 13,352,214 10,649,613 68,165,237

TOTAL LIABILITIES AND FUND BALANCES j28,360,618 $16j84,878 ^ __$9,444j343 $3.485,663 $13.352,214 $16,627,019 $87.654,735


12

TANGIPAHOA PARISH SCHOOL BOARD - AMITE, LOUISIANA

Reconciliation ofthe Governmental Funds Balance Sheet to Statement of Net Assets Asof June 30, 2011

Total fund balances - governmental funds $68,165,237

The cost of capital assets (land, buildings, furniture and equipment) purchased

or constructed is reported as an expense in governmental funds. The Statement

of Net Assets includes those capital assets among the assets of the School

System as a whole. The costs of those assets allocated over their estimated

useful lives (as depreciation expense) to the various programs reported as

governmental activities in the Statement of Activities. Because depreciation

does not effect financial resources, it is not reported in governmental funds.

Cost of capital assets 144.629.533

Accumulated depreciation (76.696,262)

Elimination of Interfund assets and liabilities

Interfund assets (6,135,359)

Interfund liabilities 6.139,128

Net assets ofthe internal service fund is a proprietary fund type in the'

fund financial statement but included as governmental activities in the

government-wide financial statement less interfunds estimated in the .

consolidation into the governmental activities.

Total net assets (deficit) Internal service fund (1,764,104)

Interfund assets internal service fund (3,769)

67,933,271

3,769

(1.767,873)

Long-temi liabilities applicable to the School System's governmental activities

are not due and payable in the current period and accordingly are not reported

as fund liabilities. All liabilities - both current and long-temi - are reported In

the Statement of Net Assets.

Balance at June 30, 2011 are :

Bonds payable (23.660,000)

Unamortized bond cost and discount 97.491,

Accrued interest payable (91.653)

Compensated absences payable (4.639,171)

Post-employment benefits payable (8,380,480)

(36.673.813)

Net assets - governmental activities $97,660.591

See accompanying notes to financiai statements.

13


Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances BS=SKCe BS Esn SBSS SS=cs B ssB B s B=B BS=BBG:=s=s c===c:s C S C S S B& BS=ES


REVENUES Local Sources: Ad Valorem Taxes Sales and Use Taxes Tuition Investment Income l%Tax E-Rate Grant Other

State Sources; Unrestricted Grants-in-Aid Restricted Grants-in-Aid Base Constitutional Tax

Federal Sources

TOTAL REVENUES

General

F u n d

$1,947,644

15,661,207

186,640

171,360

414,438

1,034.161

449,986

99.575,404

194,905

130,899

249.552

120,016,196

Sales Tax

Pay as

You Go

$0

4,693.763

0

126,507

0

0

2,900

0

0

0

0

4,723,170

Sales Tax

Maintenance

$0

8.012.766

0

67.653

0

0

4.391

0

0

0

0

8,084,810

NCLBA

SO

0

0

0

0

0

0

0

0

0

12,550,965

12,550,965

Cons t ruc t ion

O.W. D i l lon

$0

0

0

7.639

0

0

0

0

0

0

0

7.639

Other

Gove rnmen ta l

$3,276,927

3.054,678

0

110,478

0

0

1.692,912

0

1,581,755

0

26,304.533

36.021,283

Total

$5,224,571

31,322.414

186,640

483,637

414.438

1,034,161

2,150,189

99.575,404

1.776,660

130,899

39,105.050

181,404,063

EXPENDITURES

Current: Instruction:

Regular Ed Programs Special Ed Programs Vocational Ed Programs Ottier Instructional Programs Special Programs Adult Ed Programs

Support Services: Student Sen/ices Instructional Staff Support General Administration School AdminisbBtion Business Services Plant Sen/tees Central Services Student Transportation Food Sen/ices

Community Service Programs Capital Outlay Debt Service:

Principal Retirement Interest and Bank Charges

TOTAL EXPENDITURES

EXCESS/(DEFIC1ENCY) OF REVENUES OVER EXPENDITURES

OTHER FINANCING SOURCES/(USES) Transfers In Transfers (Out) Issuance of Debt

59,159,851 17,211,685 2.647,105 1,955,989

337.297 0

6.924,304 3.372,282 1,517,839 8.243,869 1,048.875 7,292.797 1,546,902

11.929,089 195,673 23.924

0

0 0

123,407,481 .

1,326,880 0 0 0 0 0

0 0

29,859 0 0

73,714 0 0 0 0

2,292,988

0 0

3,723,441

0 0 0 0 0 0

0 0

52,094 0

179,122 6,837.203

557.937 0 0 0

41.377

0 0

7,667,733

19,027 0 0 0

7,490,335 0

215,141 3,823,302

0 0

60,159 114,273

0 98.771 .

0 24,751

0

0 0

11,845.759

0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0

855.425

0 0

855,425

6.636,507 2,482,264

332,664 367,593

2,200.103 127.835

1,671,547 2.778.280

438,230 1,156,793

17,562 462.044 404.355 148,001

10.429,997 4.281,218

92,198

5,040.000 587.256

39.654,447

67,142.265 19.693,949 2,979.769 2,323,582

10.027.735 127,835

8,810.992 9.973,864 2,038,022 9,400,662 1.305.718

14,780.031 2.509,194

12,175,861 10,625,670 4.329.893 3.281.988

5,040,000 587,256

187,154.286

(3.391,285)

1,814,386 (3,552.215)

0

TOTAL OTHER FINANCING SOURCES/(USES) (1.737,829)

999,729

403,327 (448,239)

0

(44.912)

417,077 705,206

0 (705,206)

0

(847,786) (3.633.164) (5,750.223)

0 0

14.200.000

3.980.288 6,198,001 (1,415.945) (6.121,605)

0 14,200,000

(705,206) 14,200,000 2,564.343 14.276,396

NET CHANGES IN FUND BALANCES

FUND BALANCES, Beginning ofYear

(5.129,114) 954.817 417,077

23,424.280 15,518,339 8,978,011

0 13,352,214 (1,068,821) 8,526.173

0 0 11,718,434 59,639.064

FUND BALANCES, End ofYear $18.295,166 $16,473,156 $9,395,088


$0 $13,352,214 $10,649,613 $68,165,237

14

TANGIPAHOA PARISH SCHOOL BOARD - AMITE, LOUISIANA

Reconciliation ofthe Governmental Funds Statementof Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities For the Year Ended June 30,2011

Total net changes in fund balances - governmental funds $8,526,173

Capital outlays are reported in governmental funds as expenditures. However in the

Statement ofAetivities, the cost of those assets is allocated over their estimated useful

lives as depreciation e)(pense. Capital outlays in the Fund Statements that did not meet

capitalization thresholds were allocated to specific functions in the Statement of Activities.

The amount by which depreciation exceeds "capitalized" capital outlays is described as follows:

Capital outlays in fund statements 3,281,988

Outlays that did not meet capitalization thresholds (504,809)

2,777,179

Capital disposals/retirements (36,593)

Accumulated depreciation on disposals/retirements 35,598

(995)

Depreciation expense (3.915,439)

(1.139.255)

Bond proceeds provide current financial resources to the governmental funds, but issuing

debt increases long-term liabilities in the Statement of Net Assets. Repayment of bond and

debt principle Is an expenditure in the governmental funds, but the repayment

reduces long-term liabilities in the Statement of Net Assets. This is the amount that

proceeds received exceeds the repayments.

Principle payments made on outstanding debt 5,040,000

Issuance of new debt (14,200,000)

Amortization of costs and discount (4,148)

(9,164,148)

In the Statement ofAetivities. compensated absences and post-employment benefits (PEB) are

measured by the amount earned during the year, in the governmental funds, however,

expenditures for these items are measured by the amount of the financial resources used

(essentially, the amounts actually paid). This year PEB liability accrued $3,308,685

and vacation and sick time earned exceeded the amounts paid by $561,947. (3,870,532)

Elimination of interfund transactions:

Transfers in (6,198,001)

Transfers out 6,198,001

0

Revenues and expenses ofthe Internal Service Fund are reported in the

Proprietary fund In the fund financial statements but included as

governmental activities in the government-wide financial statements.

Change in net assets internal service fund (157,367)

Interest on long-term debt in the Statement of Activities differs from the amounts

reported in the governmental funds because interest is recognized as an

expenditure in the funds when it is due. In the Statement of Activities, however,

interest expense is recognized as the interest accrues, regardless of when it is due.

Accrued interest June 30, 2010 137,208

Accrued interest June 30, 2011 (91.653)

45.555

Change in net assets of govemmental activities


15

Proprietary Funds Statement of Net Assets

Asof June 30, 2011

Enterprise Intemal Service

Sales Tax Collection Fund

Self-Insurance Fund

ASSETS

< Current Assets; Cash and Cash Equivalents investments Due from Other Funds Prepaids

TOTAL ASSETS

$923,859 0

3,769 0

$927,628

$480,047 0 0

228,635

$708,682

LIABILITIES

Current Llabilltes: Accounts Payable Unearned Revenues Due to Other Govemments

Total Cunent LiabiHtes

Long-Term Liabilities Claims & Judgements Payable

Total Long-Term Llabilltes

713 210.370

0

211,083

54,865 0 0

54.865

2,417,921

2,417.921

TOTAL LIABILITIES

NETASSETS

Unrestricted

TOTAL NET ASSETS


211.083

716.545

$716,545

2,472,786

(1,764,104)

($1,764,104)

16


Proprietary Funds Statement of Revenues, Expenses, and Changes In Net Assets


OPERATING REVENUES Tax Collection Fees Premiums Received

TOTAL OPERATING REVENUES

OPERATING EXPENSES Claims Expense General Administration Plant Services

TOTAL OPERATING EXPENSES

NET OPERATING INCOME

NONOPERATING REVENUES

Investment Income

INCOME BEFORE TRANSFERS

Transfers In Transfers (Out)


NET ASSETS, Beginning of Year

NET ASSETS, End ofYear

See the accompanying notes to basic financial statements.

Enterprise

Sales Tax Collection Fund

$458,086 0

458,086

0 430,916

50,472

481,388

(23,302)

22,941

(361)

0 (76,396)

(76,757)

793,302

$716,545

Internal Service

Self-Insurance Fund

$0 2,123,764

2,123,764

2,208,973 72,905

0

2,281.878

(158,114)

747

(157.367)

0 0

(157,367)

(1.606.737)

($1,764,104)

17


Proprietary Funds Stetement of Cash Flows

For the Year Ended June 30.2011

:=SSSSSSSS=E=CCDBC:BSSC:SBBSBDCnEt:e:cEEBaCEBBBS:SC3BEEEanBB

CASH FLOWS FROM OPERATING ACTIVITIES: Cash Received:

Unearned Revenues Collected (from customers) Tax Collection Fees (from customers) Premiums from (Intemal charges)

Cash Paid: Prepaids General Administration Expenses Plant Services Claims and Accounts Payable Ottier Funds Oue to Other Govemments

NET CASH PROVIDED ( USED) IN OPERATING ACTIVITIES

CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES: Cash Transfers In Cash Transfers (OuO

NET CASH PROVIDED ( USED) IN NON-CAPITAL FINANCING ACTIVITIES

CASH FLOWS FROM INVESTING ACTIVITIES: Cash Received from Interest Income ( Purchase^ /Sales of Investments

NET CASH PROVIDED ( USEP) INVESTING ACTIVITIES

NET INCREASE ( DECREASE IN CASH & CASH EQUIALENTS

CASH and cash equivalents, Beginning of Year

CASH and cash equivalents. End of Year

Enterprise

Sales Tax Collection Funa

$210,370 458,086

0

0 (430,203) (50.472)

0 (1) -

( 27,70£5

160,075

0 (76,396)

( 76.39Q

22,941 0

internal Senfice

Setf-lnsurancG Funa

$0 0

2.123,764

(6,581) ( 18,040)

0 ( 1.944.452D

0 0

154,691

0 0

0

747 0

22.941

106.620

817.239

747

155,438

324.609

$923,859 $480,047

Reconciliation of operating income (los£^ to net cash provided (usecO by operating activites:

Operating Income (Los^

Adjustments to reconcile operating income (los^ to net cash provide by (used) in operating activites:

($23,302) ($158,114)

Changes in: Prepaid expenses Due from other funds Unearned revenues Due to other govemments Accounts payable Claims and judgements payables

NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES

0 (1)

210.370 (27.705)

713 0

$160.075

(6.581) 0 0 0

54.865 264.521

$154.691

See accanpanying notes to basic finanr^i statements.

18

TANGIPAHOA PARISH SCHOOL SYSTEM • AMITE, LOUISIANA

Statement of Fiduciary Assets and Liabilities - Agency Funds

Asof June 30, 2011

ASSETS

Casli and Cash Equivalents $2,689,540

TOTAL ASSETS $2,689.540

LIABILITIES

Liabilities: Amounts Held for Other Groups $2,689,640

TOTAL LIABILITIES $2,689.540


19

TANGIPAHOA PARISH SCHOOL SYSTEM, AMITE LOUISIANA

NOTES TO THE BASIC FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT POLICIES

The accompanying financial statements ofthe Tangipahoa Parish School System have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles.

This financial report has been prepared in conformity with GASB Statement No. 34, Basic Financial Statements - and Management's Discussion and Analysis - for State and Local Govemments, issued in June 1999. The following is a summary ofthe School System's significant policies:

A. REPORTING ENTITY

The Tangipahoa Parish School System (School System) was created by Louisiana Revised Statute 17:51 for the purpose of providing pubiic education for the children within Tangipahoa Parish, Louisiana. A board consisting of nine members elected from legally established districts is charged with the management and operation ofthe School System.

The School System is composed of a central office, 36 schools and seven support facilities. Student enrollment as of February 2011. was approximately 19,000. The School System employs approximately 2,700 persons of which 2,100 are directly involved in the instructional process. The remainder provides ancillary support such as general administration, repair and maintenance, bus transportation, and food service. The regular school term normally begins during the middle of August and runs through the end of May.

GASB Statement 14 establishes criteria for determining the governmental reporting entity and component units that should be included within the reporting entity. Under provisions ofthis Statement, the School System is considered a primary govemment, since it is a special purpose government that has a separately elected governing body, is legally separate, and is fiscally independent of other state or local governments. As used in GASB Statement 14, fiscally independent means that the School System may, without the approval or consent of another governmental entity, determine or modify its own budget, levy its own taxes or set rates or charges, and issue bonded debt. The School System also has no component units, defined by GASB Statement 14 as other legally separate organizations for which the elected School System members are financially accountable. There are no other primary governments with which the School System has a significant relationship.

Certain units of local government over which the School System exercises no authority, such as the City-Parish govemment and other independently elected officials, are excluded from the accompanying financial statements. These units of government are considered separate from those of the parish School System. The School System is not a component unit of any other entity and does not have any component units which require inclusion in the basic financial statements.

B. BASIS OF PRESENTATION-FUND ACCOUNTING

The accounts of the School System are organized on the basis of funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprises its assets, liabilities, fund equity, revenues, and expenditures or expenses, as appropriate. Revenues are accounted for in these individual funds based upon the purpose for vMch they are to be spent and the means by which spending activities are controlled. The funds presented in the financial statements are described as follows:

Governmental Fund Types:

Governmental funds are those through which most governmental functions of the School System are financed. The acquisition, use, and balances ofthe School System's expendable financial resources and the related liabilities (except those accounted for in the proprietary funds) are accounted for through governmental funds. The measurement focus is upon determination of changes in financial position, rather than upon net income determination. The following are the School System's governmental fund types:

Genera/ Fund - The General Fund is the general operating fund of the School System. It is used to account for all financial resources except those required to be accounted for in another fund.

Special Revenue Funds- Special Revenue Funds account for the proceeds of specific revenue sources that are legally restricted to expenditures for specified purposes. These funds account for the revenues and expenditures related to federal, state, and local grant and entitlement programs and special district funds established for various educational objectives.

20



Debt Service Funds • Debt Service Funds, established to meet requirements of bond ordinances are used to account for the accumulation of resources for and the payment of long-term debt principal, interest, and related costs.

Capital Project Funds - Capital Project Funds account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by the proprietary funds). Separate capital projects funds are maintained to account for the proceeds of major general obligation bonds and other financing proceeds.

Proprietary Fund Types:

Proprietary Funds are used to account for the School System's ongoing organizations and activities which are similar to those often found in the private sector. The measurement focus is upon determination of net income. The School System's proprietary funds consist of an Enterprise and Internal Service fund described as follows:

Enterprise Fund - The Enterprise Fund is referred to as the Sales Tax Collection Fund and is used to account for the collection of local sales tax within Tangipahoa Parish. The School System charges each local government it collects for a flat rate of 0.65% of collection which has been mutually agreed upon by all parties. The fund collects sales taxes for the following governments: Tangipahoa Parish Council, City of Hammond, City of Ponchatoula, Town of Amite City, Town of Kentwood, City of Independence, Town of Roseland, Village of Tangipahoa, the Village of Tickfaw, the Tangipahoa Parish Fire Protection District #1, and the Tangipahoa Parish School Board.

Internal Service Fund - The Internal Service Fund is used to account for the accumulation of resources for and the payment of benefits by the School System's self-insurance programs. An internal service fund has been established to administer certain claims for workers' compensation, fleet, and property general liability. Insurance policies for these types of claims have a total deductible of $300,000. $150,000, and $100.000 respectively. Claims payable and related expenses, including those claims incurred but not reported, are reported as an estimate using the accrual basis of accounting. The School System maintains a self-insurance fund which includes W/C and casualty liability claims.

Fiduciary Fund Types:

Fiduciary Funds are used to account for assets held by the School System in a trustee or agency capacity. The School System maintains two fiduciary fund type agency funds. The agency funds are custodial in nature (assets equal liabilities) and do not involve measurement of results or operations.

Agency Funds • The School Activity Fund and 2" * Sales Tax Fund accounts for assets held in a custodial capacity.

C. BASIS OF ACCOUNTING/MEASUREMENT FOCUS

Government Wide Financial Statement (GWFS) The Statement of Net Assets and the Statement of Activities displays information about the reporting government as a whole. Fiduciary funds are not included in the GWFS. Fiduciary funds are reported only in the Statement of Fiduciary Net Assets at the fund financial statement level. The Statement of Net Assets and the Statement ofAetivities were prepared using the economic resources measurement focus and the accrual basis of accounting. Revenues, expenses, gains, losses, assets and liabilities resulting from exchange and exchange-like transactions are recognized when the exchange takes place. Revenues, expenses, gains, losses, assets and liabilities resulting from non-exchange transactions are recognized in accordance with the requirements of GASB Statement No. 33, Accounting and Financiai Reporting for Non-exchange Transactions. The School System applies all applicable Financial Accounting Standards Board pronouncements issued on or before November 30,1989 in accounting and reporting its business-type activities.

Intemal Activities - The workers' compensation and risk management funds provide services to the governmental funds. Accordingly, these funds were rolled up into the governmental activities. Pursuant to GASB 34, as much as possible, the internal activities have been eliminated in order to avoid "grossing up" effect of a straight inclusion. However, interfund services provided and used are not eliminated in the process of consolidation

Program Revenues- Program revenues include: 1)charges for sen/ices provided, 2)operating grants and contributions. 3)capital grants and contributions; Program revenues reduce the cost ofthe function to be financed from the School System's general revenues. Charges for services are primarily derived from food sales. Operating grants and contributions consist of the many educational grants received from the federal and state government.

Allocation of Indirect Expense - The School System 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 which can be specifically identified by function is included in the direct expenses of each function. Interest on general long-term debt is considered an indirect expense and is reported separately on the Statement ofAetivities.

21



Fund Financial Statements (FFS) Fund financial statements report detailed information about the School System. The focus of governmental and enterprise fund financial statements is on major funds rather than reporting funds by type. Each major fund is presented in a separate column. Non-major funds are aggregated and presented in a single column. The Internal Service and Enterprise funds are presented in single columns on the face of the proprietary fund statements. The major funds for the 2010-2011 fiscal year are the General Fund which is used to account for all financial resources except those required to be accounted for in another fund; The Sales Tax Maintenance Fund, a special revenue fund used to account for activity resulting from the 1982 sales and use tax after the payment of debt service requirements, which is restricted for the maintenance of school facilities; NCLBA, a special revenue fund used to account for federal grants relative to the No Child Left Behind Act of 2001; and the capital projects funds - Sales Tax Pay as You Go Fund and OW Dillon Construction Fund. These capital projects funds are used to accumulate the remaining avails ofthe 1982 Sales and Use Tax after all debt service and maintenance requirements have been met and to account for the proceeds of a QSCB Revenue Bond which was issued to finance construction projects in the OW Dillon District respectively. Moreover, these funds, together with earnings on investments, are used for the construction and renovation of parish school facilities.

Governmental Funds The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. All governmental fund types are accounted for using a current financial resources measurement focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing uses) in net current assets.

The proprietary (enterprise and internal service funds) are accounted for on a flow of economic resources measurement focus. With this measurement focus, all assets and all liabilities associated with the operation of this fund type are included on the balance sheet. The fiduciary fund type (agency funds) have no measurement focus and reflect only assets and corresponding liabilities.

The governmental fund types are reported in the financial statements on the modified accrual basis of accounting. Under the modified accrual basis, revenues are recorded when they become both measurable and available. Available means expected to be collected within two months for property taxes. Revenues not considered available are recorded as deferred revenues. The following practices in recording revenues and expenditures have been used for the governmental funds.

Revenues - Federal and state entitlements, which include state equalization and state revenue sharing, are recorded as unrestricted grants-in-aid at the time of receipt or eariier if the susceptible to accrual criteria are met. Expenditure-driven grants are recognized as revenue when the qualifying expenditures have been incurred and all other grant requirements have been met. Ad valorem, sales, and other taxes are recorded in the year the taxes are due and payable. Ad valorem taxes are assessed on a calendar year basis, based on the assessed value on January 1, become due on December 31 of each year, and become delinquent on January 1 the following year. An enforceable lien attaches to the property as of January 10 the following year. The taxes were levied by the School System on July 19, 2011. However, before the taxes can be collected, the tax rolls must be submitted to the State Tax Commission for approval. The taxes are generally collected in December, January, and February of the fiscal year. Property tax revenues are accrued at fiscal year end to the extent that they have been collected and are unremitted. Such amounts are measurable and available to finance current operations. Interest income on time deposits and revenues from rentals, leases, and royalties are recorded when earned. Sales and use tax revenues are recorded in the month in which the School System considers them available to finance current year obligations and are collected by the School System. Substantially all other revenues are recorded when received.

Expenditures - Salaries are recorded as expenditures When incurred. Nine-month employee salaries are incurred over a nine-month period but are paid over a twelve-month period. Compensated absences are recognized as expenditures when leave is actually taken or when employees (or heirs) are paid for accrued leave upon retirement or death, while the cost of earned leave privileges not requiring cunent resources is recorded as long-term debt. Commitments under construction contracts are recognized as expenditures when eamed by the contractor. Principal and interest on long-term obligations are not recognized until due. All olher expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred.

The proprietary fund type is reported in the financial statements on the accrual basis of accounting. Revenues are recognized when they are earned, and expenses are recognized when they are incurred. Operating income reported in the proprietary fund financial statements includes revenues and expenses related to the primary, continuing operations of the fund. Principal operating revenues are charges to customers for services. Principle operating expenses are the costs of providing services and include administrative expenses. Other revenues and expenses are classified as non-operating in the financial statements. The School System applies all applicable Financial Accounting Standards Board (FASB) pronouncements issued on or before November 30,1989 in accounting and reporting its enterprise funds.

22



Deferred Revenues - Deferred revenues arise when resources are received before the School System has a legal claim to them, such as when grant monies are received prior to the incurrence of qualifying expenditures, when tuition is rec ivecl in advance of the commencement of classes or when there is an inventory of donated food commodities at year end. In subsequent periods, when the School System has a legal claim to the resources, the liability for deferred revenue is removed from the combined balance sheet and the revenue is recognized.

D. BUDGET PRACTICES AND BUDGETARY ACCOUNTING

Annual budgets are legally adopted for the General, Special Revenue, Debt Service, and Capital Projects Funds by the School System. The School System also follows certain procedures in establishing the budgetary data reflected in the financial statements. These procedures are as follows:

Prior to September 15, the Superintendent submits to the Board a proposed annual appropriated budget for the General Fund for the fiscal year commencing July 1. The operating budget includes proposed expenditures and the means of financing them. Public hearings are conducted to obtain taxpayer comments. Prior to September 15, the budget is legally enacted through adoption by the System's Board. Formal budgetary integration is employed as a management control device during the year for the General, Special Revenue, Debt Service, and Capital Projects Funds. Accordingly, the General, Special Revenue. Debl Sen/ice, and Capital Projects Funds budgets have appropriations legally adopted at the "appropriated budget" level. The General Fund budget is adopted and presented on a basis consistent with generally accepted accounting principles (GAAP). Appropriations in the General Fund lapse at the end ofthe fiscal year. Budgeted amounts are as originally adopted or as amended. The only legal requirement is that the System adopt budgets which reflect expenditures at a level equal to or less than total revenues plus fund balances. All Special Revenue Fund budgets that are not grant oriented have annual appropriated budgets adopted prior to September 15 by the System. Grant funds are included in Special Revenue Funds and their budgets are adopted at the time the granl applications are approved by the grantor. These funds' budgets are taken to the finance committee and then to the Board for approval. All Special Revenue Fund appropriations lapse at the end ofthe fiscal year. Special Revenue Fund budgets are adopted and presented on a basis consistent with generally accepted accounting principles (GAAP). Capital projects are approved on a project basis with total estimated costs for each project by the System.

The System annually adopts a capital projects expenditure and debt service budget each fiscal year. The budget presented in the financial statements are the annual budgets ofthe Capital Projects Funds and the Debt Service Funds which were legally adopted on a basis consistent with GAAP. The annual appropriations lapse at the end of the fiscal year. Since all appropriations lapse at the end of the fiscal year, current year transactions which are directly related to a prior year's budget are rebudgeted in the current year. The total budget of a given fund is the legal level of budgetary control at which the System must approve any over-expenditures of appropriations of amounts. The School Board members must approve or authorize any, other than minor, additional appropriations, changes, revisions or transfers affecting the original budgets. Management may not amend or make revisions to the budgets which are other than minor. Once adopted, the budget can be amended by subsequent action. Reallocations of appropriations within a given fund may be approved by Parish management with subsequent ratification of the System's Board. The budgets presented are as originally adopted as well as adjusted for final revisions.

E. RESTRICTED NET ASSETS-GOVERNMENT-WIDE FINANCIAL STATEMENTS

For Govemment-wide statement of net assets, net assets are reported as restricted when constraints placed on net assets use are either, (1) Externally imposed by creditors (such as debt covenants), grantors, contributors, or laws or regulations of other governments; or (2) Imposed by taw through constitutional provisions or enabling legislation. When both restricted and unrestricted resources are available for use. it is the School System's policy to use restricted resources first, then unrestricted resources as they are needed.

F. FUND BALANCE REPORTING

The Governmental Accounting Standards Board (GASB) has issued Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions (GASB 54). This Statement defines the different types of fund balances that a governmental entity must use for financial reporting purposes. It requires the fund balance amounts reported as follows:

Nonspendable. such as fund balance associated with inventories, prepaids, long-term loans and notes receivable, and property held for resale (unless the proceeds are restricted, committed, or assigned.

Restricted fund balance category includes amounts that can be spent only for the specific purposes stipulated by constitution, external resource providers, or through legislation.

Committed fund balance classification includes amounts that can be used only for the specific purposes determined by a formal action ofthe School Board (the district's highest level of decision making authority.

23



Assigned fund balance classification are intended to be used by the government for specific purposes but do not meet the criteria to be classified as restricted or committed, and

Unassigned fund balance is the residual classification for the government's general fund and includes all spendable amounts not contained in the other classifications.

Committed Fund Balance Pollcy-The School System's committed fund balance is fund balance reporting required by the School Board because of System policy or because of motions that have passed meeting vote.

Assigned Fund Balance Policy- The School System's assigned fund balance is fund balance reporting occun-ing by School Board or Finance Committee administration authority, under the direction of those members.

G. CASH. CASH EQUIVALENTS AND INVESTMENTS

Cash includes amounts in demand deposits and interest-bearing money market accounts. Cash equivalents include amounts in time deposits or investments with original maturity dates of less than 90 days. Under state law, the School System may deposit funds with a fiscal agent organized under the laws of the State of Louisiana, the laws of any other state in the Union, or the laws ofthe United States. The School System may invest in United States Treasury obligations. United States government agency obligation, or certificates and 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 the Louisiana Asset Management Pool (LAMP), a nonprofit corporation formed by the State Treasurer and organized under the laws of the State of Louisiana, which operates a local government investment pool. Investments are stated at fair value. For purposes ofthe statement of cash flows, all highly liquid investments with a maturity of three months or less at the date of acquisition are considered to be cash equivalents in the Internal Service Fund.

The School System maintains six bank accounts, exclusive of the individual school activity accounts. The operating account and imprest payroll and accounts payable accounts as well as the school food service online account and the sales tax escrow account are used for the majority of School System receipts and disbursements. In addition, WIA (Hammond) maintains their own bank account. The School System maintains an accounting record reflecting the equity or deficit of each participating fund's interest in the pooled operating cash account. For presentation purposes, a fund's equity in the pooled cash account is reported as cash, while deficits are reported as interfund payables and receivables in order to reflect an accurate cash balance. Cash balances of all funds are invested to the extent possible in certificates of deposits, treasury notes, money market accounts, LAMP or in interest-bearing demand deposit accounts. Interest earned on these certificates, treasury bills and on checking account balances is distributed to the individual funds on the basis of invested balances ofthe participating funds during the year.

H. INVENTORY

Inventory ofthe General Fund is valued at average cost and consists of expendable materials and supplies which are recorded as expenditures when consumed. Inventory ofthe School Food Service special revenue fund consists of food purchased by the School System and commodities granted by the USDA through the Louisiana Department of Education. The commodities are recorded as revenues and expenditures when consumed. Commodities at year end is recorded as a deferred revenue. The purchased food is recorded as an expenditure when purchased. All inventory items purchased are valued at average cost, and donated commodities are assigned values based on USDA values.

I. INTERGOVERNMENTAL RECEIVABLES

Due from Governments consist of receivables for reimbursement of expenditures under various programs and grants. These amounts also represent various tax-type revenues due at year-end. Collections are expected within 1 year.

J. SHORT-TERM INTER FUND RECEIVABLES/PAYABLES AND INTERFUND TRANSFERS

During the course of normal operations, numerous transactions occur between funds for goods provided or services rendered. These receivables and payables, as well as short-tenn interfund loans, are classified as due from other funds or due to other funds, but are eliminated in the GWFS. Any residual balances outstanding between governmental activities and business -type activities are reported in the GWFS as internal balances. The same is true for interfund transfers, which in nature principally consist of payment of indirect costs to the General Fund as well as a transfer to School Food Fund. All interfund balances are expected to be liquidated within one year. The principle purpose (source) of interfund balances is negative cash balances in the special revenue funds (pooled cash). The General Fund records as a receivable and special revenue funds record as a payable its negative cash interest in the System's pooled cash.

24



K. CAPITAL ASSETS

Capital assets are recorded at historical cost or estimated historical cost for assets where actual historical cost is not available and depreciated over their estimated useful lives. Donated capital assets are recorded at their estimated fair market value at the date of donation. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized. Improvements are capitalized over the remaining useful lives ofthe assets. The School System maintains a threshold level ofthe following: $1 (land and CIP), $5,000 (machinery and vehicles), $50,000 (land improvements), and $100,000 (building and building improvements) for capitalizing capital assets. Capital assets are reported in the GWFS, but not reported in the FFS. Estimated useful life is management's estimate of how long the asset is expected to meet service demands. Capital assets have not been assigned a salvage value because management feels that the salvage value is immaterial. Land and Construction in Progress are not depreciated. The School System does not posses any material amounts of infrastructure capital assets, such as roads and bridges.

Straight-line depreciation is calculated based on the following estimated useful lives:

Buildings 25-40 years Land Improvements 10-25 years Building Improvements 10-30 years Machinery, Furniture and Equipment 5-20 years Vehicles 5 - 8 years

L. COMPENSATED ABSENCES

All compensated absence liabilities result from governmental fund activities. Current expenditures include salary and salary related payments for leave taken during the year and for leave payments made to employees whose employment terminated during the year. Since the largest portion of the liability remaining at the end of the year in compensated absences does not require the use of current resources, it is recorded in the debt portion of the GWFS Statement of Net Assets and not in the General Fund. The cost of compensated absence privileges (unused sick leave) is recognized as a current year expenditure in the General Fund when leave is actually taken, or when employees are paid for accoied leave upon retirement or death (liquidated). A liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of employee resignations and retirements.

Sick Leave - Teachers and other school employees accrue from 10 to 12 days of sick leave per year depending upon the number of months worked. Sick leave may be accumulated without limitation. Upon death or retirement, unused accumulated sick leave of up to 25 days is to be paid to employees or their heirs at the employee's current rate of pay. The accrual computation for earned sick leave is calculated on, or any portion thereof, a 25-day maximum per employee. Sick leave Is not payable upon discharge or termination.

Extended Sick Leave - All employees may be eligible to receive 65% of their pay at the time leave begins for illness or illness of an immediate family member. No more than 90 days of extended sick leave may be taken in a 6 year period. Extended sick leave requires a statement from a licensed physician and Board approval. Additionally, regular sick leave must be exercised before extended sick leave begins.

Vacation - Full-time employees who work year round are granted vacation in varying amounts (a maximum of 16 days per year) as established by the School System policy. Up to 10 cumulative vacation days may be carried fonward and in the event of termination, an employee receives compensation for any unused earned vacation.

Sabbatical Leave - Any employee with a teaching certificate is entitled to one semester of sabbatical leave immediately following six semesters of consecutive sen/ice or two semesters of sabbatical leave immediately following twelve or more consecutive semesters of consecutive sen/ice. Unused sabbatical leave may be carried forward to one or more periods subsequent to that in which it is earned, but no more than two semesters of leave may be accumulated. Sabbatical leave does not vest. Leave may only be taken for rest and recuperation (approved by a doctor) or for professional and cultural improvement. All sabbatical leaves must be approved by the School System. Teachers on leave cannot exceed 10% of workforce at one time for special schools and 5% for parish and city schools.

M. ESTIMATES

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets or liabilities as ofthe date of financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Prepaid's are accrued at cost.

25



N. CLAIMS AND JUDGEMENTS

The School System provides for losses and anticipated expenses resulting from claims and judgements including claim adjustment expenditures/expenses, salvage and subrogation. Losses resulting from claims and judgements are estimated by utilizing a case by case review of all claims in accordance with Governmental Accounting Standards Board Codification Section C50. The liability for such losses is recorded in the internal Service Fund. Incurred but not reported claims as of June 30, 2011, have been considered in determining the accrued liability.

0. LONG • TERM OBLIGATIONS

In the GWFS, and proprietary fund types in the FFS, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental acfivities, business-type activities, or proprietary fund type statement of net assets. Bond premiums and discounts, as well as issuance costs, are defened and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net ofthe applicable bond premium or discount. Bond issuance costs, when material, are reported as deferred charges and amortized over the term ofthe related debt.

P. AD VALOREM TAXES

All taxable property in Louisiana is required by law to be assessed annually at a percentage of its fair market value by the Parish Assessor, except for public ufility property which is assessed by the Louisiana Tax Commission. The 1974 Louisiana Constitufion provided that, beginning in 1978, all land and residenfial property are to be assessed at 10% of "use" value; and all other property is to be assessed at 15% of fair market value. Fair market values are determined by the elected assessor of the parish and are subject to review and final certification by the Louisiana Tax Commission. After 1978, the assessor is required lo reappraise all property every four years. The School System is permitted by consfitutional and statutory authority of the State to levy taxes up to $4.06 per $1,000 of assessed valuafion for operations other than the payment of principal and interest on long-term debt. State law requires the Sheriff to collect property taxes in the calendar year in which the assessment is made. Property taxes become delinquent January 1" ofthe following year. Therefore, there are no delinquent taxes at year-end. If taxes are not paid by the due date, taxes bear interest at the rate of one and one-fourth percent per month until the taxes are paid. After the nofice is given to the delinquent taxpayers, the Sheriff is required by the Constitution of the State of Louisiana to sell the least quantity of property necessary to settle the taxes and interest owed. The Sheriff of Tangipahoa Parish, as provided by State law is the official tax collector of general property taxes levied by the School System. The 2011 tax calendar is as follows:

Millage rates adopted/Levy Date June 2 Tax bills mailed November 23

Due date December 31 Lien date January 10

Property taxes are recorded in the General and Debt Service Funds. Additionally, there is a 7.5 mill tax collected by a Special Revenue Fund. As explained in Note IC, revenues in such funds are recognized in the accounfing period in which they become measurable and available. Property taxes are considered measurable in the calendar year of the tax levy. Estimated uncollectible taxes are those taxes based on past experience which will not be collected in the subsequent year and usually result in subsequent adjustments to the tax roll. Available means due, or past due and receivable within the current period and collected within the current period or expected to be collected soon enough thereafter to pay liabilities of the current period. The remaining property taxes receivable are considered available because they are substantially collected within 60 days subsequent to year-end.

Q. SALES AND USE TAXES

The School System receives a 2% parish-wide sales/use tax. The first 1% sales/use tax is dedicated to supplement other revenues available to the general fund for the payment of salaries of teachers, bus drivers, janitors, lunchroom employees, and other personnel employed by the School System. Any remaining revenues are to be used for the operafions of schools. The second 1% sales and use tax is to be used for the payment of bond indebtedness, maintenance of school facilities, and pay-as-you-go capital projects.

26



NOTE 2 - EXCESS EXPENDITURES OVER APPROPRIATIONS

For the year ended June 30, 2011, the General Fund's actual expenditures and transfer out amounts exceeded final budgeted appropriations by $154,755. The School System, however, was not in violation of Louisiana State Budget Law which prohibits governmental entities from expending amounts in excess of five percent of total budgeted appropriations. This overage was approximately one tenth of one percent of the General Fund's June 30, 2011 final budget.

NOTE 3 - CASH AND INVESTMENTS

Cash and cash equivalents at June 30, 2011 consists of the following: Statement of Net Assets: Cash and Cash Equivalents (money markets)

Governmental Activities $48,416,526 Business-Type Activifies 923.859

Total $49.340.385

At year-end, the individual schools had a balance of $2,689,540 in various demand deposit accounts. Because these accounts are not assets ofthe School System (Agency funds) the balances are not reflected in the FFS or GWFS.

Investments at June 30, 2011 consists of the following:

Statement of Net Assets: Investments

Governmental Activities Certificates of Deposit $14.000,000 Federal agency securities $5,445,416 LAMP Investments 1.001.277

Total $20.446.693

Federal agency securities are securifies, usually bonds, issued by a U.S. government-sponsored agency. The offerings of these agencies are backed by the government, but not guaranteed by the government since the agencies are private entities. Such agencies have been set up in order to allow certain groups of people to access low cost financing e.g. students and home buyers. The School System invested in four federal agencies' securifies in the 2011 fiscal year -Federal Nafional Mortgage Association (FNMA or "Fannie Mae"), Federal Loan Bank (FHLB), Federal Home Loan Mortgage Corporafion (FHLMC or "Freddie Mac"), and Federal Farm Credit Bank (FFCB).

LAMP, the Louisiana Asset Management Pool, Is a local government investment pool. It is administered by LAMP, Inc., a nonprofit corporation organized under the laws of the State of Louisiana. Only local government entifies 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 obligafions in which local governments in Louisiana are authorized to invest in accordance with LSA-R.S. 33:2955. Accordingly, LAMP investments are restricted to securities issued, guaranteed, or backed by the U.S. Treasury, the government, or one of its agencies, enterprises, or instrumentalifies, as well as repurchase agreements collateralized by those securifies. LAMP'S investment guidelines were amended to permit the investment in govemment-only money market funds. In its 2001 Regular Session, the Louisiana Legislature (Senate Bill No. 512, Act 701) enacted LSA-R.S. 33:2955(A)(1)(h) which allows all municipalities, parishes, school boards, and any other political subdivisions ofthe State to invest in "Investment grad (A-l/P-1) commercial paper of domestic United States corporafions." l_AMP's Investment Guidelines were amended to allow the limited investment in A-1 or A-1+ commercial paper. The dollar weighted average portfolio maturity of LAMP assets is restricted to not more than 90 days, and consists of no securifies with maturity in excess of 397 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 ofthe position in the external investment pool is the same as the value ofthe pool shares. LAMP, Inc. is subject to the regulatory oversight of the state treasurer and the board of directors. LAMP is not registered with the SEC as an investment company.

27



Disclosures Relating to Interest Rate Risk Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. The School System has no formal policy relating to a specific interest rate risk, however, one ofthe ways that the School System manages its exposure to interest rate risk is by purchasing a combination of shorter term and longer term investments and by timing cash flows from maturifies so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operafions. information about the sensitivity ofthe fair values ofthe School System's investments to market interest rate fluctuations is provided by the following table that shows the distribution of the School System's investments by maturity:

Investment Type

Federal agency securifies Certificates of Deposit LAMP

Total

12mths or less

$2,013,221 14,000,000 1,001,277

Sl7.014,49fi

13to24mths

$2,023,960 0 0

25 to 60 mths

$1,408,235 0 0

SI 4nR ?35

>60 mths

$0 0 0

sa_„

Total

$5,445,416 14,000.000 1,001,277

SPn 44fi fiflS

Disclosures Relating to Credit Risk Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. The School System has no formal policy relafing to a specific credit risk. Both groups of investmenl types (federal agency securities and LAMP) maintained a "AAA" credit rafing during the 2011 fiscal year.

Concentration of Credit Risk The investment policy ofthe School System contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by the stale of Louisiana. Investments in any one issuer (other than U.S. Treasury securities, mutual funds, and LAMP) that represent 5% or more of total School System investments are as follows:

Issuer Investment Type Reported Amount

Federal Nafional Mortgage Associafion (FNMA) Federal agency securities $3,033,310 Federal Home Loan Bank (FHLB) Federal agency securities $1,001,100 Federal Home Loan Mortgage Corp (FHLMC) Federal agency securities $1,406,440

Custodial Credit Risk Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institufion, a government will not be able to recover its deposits or will not be able to recover collateral securifies that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counter party (e.g.. broker-dealer) to a transacfion, a government will not be able to recover the value of Its investment or collateral securifies that are in the possession of another party. The State of Louisiana and the School System's investment policies do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits or investments, other than the following provision for deposits: Under state law, the bank balances of these deposits must be secured by federal deposit insurance or the pledge of securifies owned by the fiscal agent bank. The market value ofthe pledged securifies plus the federal deposit insurance must at all times equal, meet or exceed the amount on deposit with the bank. At June 30, 2011 all deposits were fully insured or collateralized as follows:

Total amounts on deposit with bank $56.698.250 Federal Deposit Insurance 250,000 Pledged securifies 63.649.701 Total collateral $63.899.701

At June 30. 2011, cash and cash equivaients were entirely insured or collateralized with securities held by a mutually acceptable third party financial institution in the School System's name. Moreover, at year end, the individual schools had a balance per bank in cash of $2,916,595 in various demand accounts. The balances of these accounts were fully insured through the FDIC.

28



NOTE 4 - CHANGES IN AGENCY DEPOSITS DUE OTHERS

A summary of changes in the Agency Fund's deposits due others for the 2011 fiscal year are as follows:

Balance at beginning of year Additions Deductions Balance at end of year

School Activity Funds

$2,576,323 5,422,939

(5,309.722) ft? fiftP MO

2" Sales Tax Fund

$0 15,661,207

M 5.661.207) SO

Total

$2,576,323 21,084,146

(20.970.929) $2,689,540

NOTE 5 - CAPITAL ASSETS

A summary of changes in capital assets for the 2011 fiscal year are as follows:

Nondepreciable assets: Land Construction in progress Depreciable assets: Building & Improvements Furniture & Equipment Subtotal depreciable assets Less Accumulated Depreciafion Building & Improvements Furniture & Equipment Total Accumulated Depreciation Capital Assets, net

Julv 1.2010

$2.283.022 $812.340

132,287,660 6.505.925

138.793.585

(68.713.200) M.103.221)

(72.816.421) $65.977_,164

Additions Deletions

$0 SO

$2,126.252 ($1,149.101:

1.149,101 650.927

0 (36.593)

1.800,028

(3,333.733) (581.706)

(36,593)

0 35.598

(3.915.439) 35.598 ($2.115.411) ($995)

Depreciafion expense of $3,915,436 for 2011 was charged to the following governmental functions:

Instruction: Regular Ed Special Ed Vocafional Programs Other instructional Programs Special Programs

Support Services: Instructional Staff General Administration School Administrafion Business Administration Plant Sen/ices Student Transportafion Central Services Food Sen/ices Facilities, Acquisitions and Construction

Total

$186,969 14,020 1.682 4.553

77.597

362 4,254

153 1.883

131,370 356.764 39.821

129,774 2.966.237

$3.915.439

Construction in progress at June 30, 2011 is composed of the following:

Project Hammond High Vo Tech Magnet Renovations Hammond High Vo Tech Retrofit Roof Hammond High Door Replacement Hammond Jr. High Cooling Tower Replacement Ponchatoula High Mech Sewage Treatment Plant Ponchatoula High Welding Shop New O.W. Dillon School

Total $15,717,288 $1,789.491

$2.283.022

$1.789,491

133.436,761 7.120.259

140,557,020

(72.046.933) (4.649.329)

(76.696.262) $63.860.758

Authorization $210,863 144,214 128.529 257.192 540.346 236,144

14.200.000

Expended $21,363 14,714 10,529

226.038 487,931 173,492 855.424

Committed $189,500

129.500 118,000 31,154 52.415 62,652

13.344.576

$13,927.797

29



NOTE 6 - RETIREMENT PLANS

Substantially all employees of the school system are members of two statewide retirement systems. In general, professional employees (such as teachers and principals) and lunchroom workers are members of the Teachers' Retirement System of Louisiana; other employees, such as custodial personnel and bus drivers are members of the Louisiana School Employees' Retirement System. These systems are cost-sharing, multiple-employer defined benefit pension plans administered by separate boards of trustees. Pertinent information, as required by the GASB Statement No. 27, relative to each plan follows.

Teachers' Retirement System of Louisiana (TRS) Plan description: The School System participates in two membership plans ofthe TRS, the Regular Plan and Plan A. The TRS provides retirement benefits as well as disability and survivor benefits. Ten years of service credit is required to become vested for retirement benefits and five years to become vested for disability and survivor benefits. Benefits are established and amended by state statute. The TRS issues a publicly available financial report that includes financial statements and required supplementary information for the TRS. That report may be obtained by writing to the Teachers' Retirement System of Louisiana, Post Office Box 94123, Baton Rouge, Louisiana 70804-9123, or by calling (225) 925-6446. Funding Policy: Plan members are required to contribute 8.0 percent and 9.10 percent of their annual covered salary for the Regular Plan and Plan A respectively. The School System is required to contribute at an actuarially determined rate. The current rate is 20.29 percent of annual covered payroll for Plan A and 20.2 percent for the Regular Plan. Member contributions and employer contribufions for the TRS are established by state law and rates are established by the Public Refirement Systems' Actuarial Committee. The School System's employer contribution to the TRS, as provided by state law is funded by the State of Louisiana through annual appropriations, by deductions from local ad valorem taxes, and by remittance from the School System. The School System's contribufions to the TRS for the years ended June 30,2011,2010, and 2009 were $24.407,141. $20,314,628, and $20,502,705, respectively, equal to the required contribufions for each year.

Louisiana School Employees' Retirement System (LSERS) Plan Description: The LSERS provides retirement benefits as well as disability and survivor benefits. Ten years of service credit is required to become vested for retirement benefits and five years to become vested for disability and survivor benefits. Benefits are established and amended by state statute. The LSERS issues a publicly available financial report that includes financial statements and required supplementaries for the LSERS. That report may be obtained by writing to the Louisiana School Employees' Refirement System, Post Office Box 44516, Baton Rouge. Louisiana 70804, or by calling (225) 925-6484. Funding Policy: Plan members are required to contribute 7.50 percent of their annual covered salary and the School System is required to contribute at an actuarially determined rate. The cunent rate is 17.60 percent of annual covered payroll. Member contributions and employer contributions for the LSERS are established by state law and rates are established by the Public Retirement Systems' Actuarial Committee. The School System's employer contribution forthe LSERS is funded by the State of Louisiana though annual appropriations and by remittances from the School System. The School System's contributions to the LSERS forthe years ended June 30,2011,2010, and 2009 were $2,530,458, $2,000.641, and $2,070,665, respectively, equal to the required contributions for each year.

NOTE 7 - POST-EMPLOYMENT BENEFITS

Plan Description Effective with the fiscal year beginning July 1,2007, the School System implemented Government Accounfing Standards Board Statement Number 45, Accounting and Financial Reporting by Employers for Post employment Benefits Other than Pensions (GASB 45). The Tangipahoa Parish School System participates in a fully insured health insurance and life insurance program administered by the Louisiana Office of Group Benefits (OGB). Medical benefits are provided through the Louisiana Office of Group Benefits (OGB) and involve several statewide networks and one HMO with a premium structure by region. The plan provisions are contained in the official plan documents ofthe OGB, available at wvm.groupbenefits.org - "Quick Links"- "Health Plans". The OGB plan is a fully insured, multiple-employer arrangement and has been deemed to be an agent multiple-employer plan (within the meaning of paragraph 22 of GASB 45) for financial reporting purposes and for this valuation. The OGB "Medicare Advantage" plan has been assumed to apply to those employees after Medicare eligibility for purposes of this valuation. Medical benefits are provided to employees upon actual retirement. Most of the employees are covered by the Teachers' Retirement System of Louisiana (TRSL), whose retirement eligibility (D.R.O.P. entry) provisions as follows: 30 years of sen/ice at any age; age 55 and 25 years of sen/ice; or, age 65 and 20 years of service. For employees not covered by TRSL, it was assumed that age 60 and 10 years of sen/ice also applied in addifion to the foregoing provisions. Life insurance coverage under the OGB program is available to retirees by election and the blended rate (active and retired) is $0.96 per $1.000 oflnsurance. Since GASB 45 requires the use of "unblended" rates, we have used the 94GAR mortality table described below to "unblend" the rates so as to reproduce the composite blended rate overall as the rate structure to calculate the actuarial valuation results for life insurance. All of the assumptions used for the valuation of the medical benefits have been used except for the trend assumpfion; zero trend was used for life insurance. Insurance coverage amounts are reduced at age 65 and again at age 70 according to the OGB plan provisions.

30

http://wvm.groupbenefits.org



Contribution Rates Employees do not contribute to their post employment benefits costs until they become retirees and begin receiving those benefits. The plan provisions and contribution rates are contained in the official plan documents.

Fund Policy Until Fiscal Year Ending June 30, 2007, the Tangipahoa Parish School System recognized the cost of providing post-employment medical and life benefits (the Tangipahoa Parish School System's portion ofthe retiree medical and life benefit premiums) as an expense when the benefit premiums were due and thus financed the cost of the post-employment benefits on a pay-as-you-go basis. Effective with the Fiscal Year beginning July 1, 2007, the Tangipahoa Parish School System implemented Government Accounting Standards Board Statement Number 45, Accounting and Financial Reporting by Employers for Post employment Benefits Otherthan Pensions (GASB 45). The funding policy is not to fund the ARC except to the extent of the current year's retiree funding costs.

In Fiscal Year Ending June 30, 2011, the Tangipahoa Parish School System's portion of health care funding cost for refired employees totaled $6,357,009 and life totaled $177,905. These amounts were applied toward the Net OPEB Benefit Obligation as shown below.

Annual Required Contribution The Tangipahoa Parish School System's Annual Required Contribution (ARC) is an amount actuarially determined in accordance with GASB 45. The Annual Required Contribufion (ARC) is the sum ofthe Normal Cost plus the contribution to amortize the Actuarial Accrued Liability (AAL). A level dollar, open amortization period of 30 years (the maximum amortizafion period allowed by GASB 43/45) has been used for the post-employment benefits. The total ARC for the fiscal year beginning July 1, 2010 is $9,692,253 (medical), and $241,777 (life) as set forth below:

Normal Cost 30-year UAL amortization amount Annual required contribution (ARC)

Medical $3,191,087 6.501.166 9.692.253

Life $ 20,670 221.107 241.777

Total

$9,934,030

Net Post-employment Benefit Obligation (Asset) The lable below shows the School System's Net Other Post-employment Benefit (OPEB) Obligation (Asset) for fiscal year ending June 30, 2011:

Medical Life Total Beginning Net OPEB Obligation (Asset) $ 4.827,761 $ 244,034 $5,071.795

Annual required contribution Interest on Net OPEB Obligation (Asset) ARC Adjustment OPEB Cost Contribution Current year refiree premium Change in Net OPEB Obligation

Net OPEB Obligation (Asset) June 30, 2011

+9.692.253 + 193.110 - 279.190 9,606,174

+ 0 -6.357,009 + 3,249,165

$ 8.076,925

+241.777 + 9,761 - 14.112 237,426

+ 0 -177.905 + 59,521

$ 303,555

$3.308.685

$8,380,480

The following table shows the School System's annual post employment benefits (PEB) cost, percentage ofthe cost contributed, and the net unfunded post employmeni benefits (PEB) liability (asset):

Post Emplovment Benefit Year Ended Medical 06/30/11 Life Insurance 06/30/11 Total annual post-employment benefit obligation

Annual OPEB Cost $9,606,174 $ 237.426 $9,843,590

% of ACC 66.18% 74.93%

Net OPEB $8,076,925 $ 303.555 $8,380,480

Funded Status and Funding Progress In the fiscal year ending June 30, 2011, the Tangipahoa Parish School System made no contributions to its post employment benefits plan. The plan was not funded at all, has no assets, and hence has a funded ratio of zero. As of June 30. 2011, the end of the fiscal year, the Actuarial Accrued Liability (AAL) was $116,916,489 (medical), and $3,976,368 (life), which is defined as that portion, as determined by a particular actuarial cost method (the Tangipahoa Parish School System uses the Projected Unit Credit Cost Method), of the actuarial present value of post employment plan benefits and expenses which is nol provided by normal cost. Since the plan was not funded in fiscal year 2010/2011, the entire actuarial accrued liability of $116,916.489 (medical) and $3,976,368 (life) was unfunded.

31



Actuarial Accrued Liability (AAL) Actuarial Value of Plan Assets Unfunded Act. Accrued Liability (UAAL) Funded Ratio (Act. Val. Assets/AAL)

Covered Payroll (active plan members) UAAL as a percentage of covered payroll

Medical $116,916,489

0 116.916,489

0%

92,564.212 126%

Life $3,976,368

0 3,976.368

0%

92.564,212 4.2%

Actuarial Methods and Assumptions Actuarial valuations involve estimates of the value of reported amounts and assumptions about the probability of events far into the future. The actuarial valuation for post employment benefits includes esfimates and assumpfions regarding (1) turnover rate; (2) retirement rate; (3) health care cost trend rate; (4) mortality rate; (5) discount rate (investment return assumption); and (6) the period to which the costs apply (past, current, or future years of sen/ice by employees). Actuarially determined amounts are subject to confinual revision as actual results are compared to past expectations and new estimates are made about the future.

The actuarial calculafions are based on the types of benefits provided under the terms of the substantive plan (the plan as understood by the Tangipahoa Parish School System and its employee plan members) at the time of the valuation and on the pattern of sharing costs between the Tangipahoa Parish School System and its plan members to that point. The projection of benefits for financial reporting purposes does not explicitly incorporate the potential effects of legal or contractual funding limitations on the pattern of cosl sharing between the Tangipahoa Parish School System and plan members in the future. Consistent with the long-term perspective of actuarial calculations, the actuarial methods and assumptions used include techniques that are designed to reduce short-term volafility in actuarial liabilifies and the actuarial value of assets.

Actuarial Cost Method The ARC is determined using the Projected Unit Credit Cosl Method. The employer portion of the cost for retiree medical care in each future year is determined by projecting the current cost levels using the healthcare cost trend rale and discounting this projected amount to the valuation date using the other described pertinent actuarial assumptions, including the investment return assumption (discount rate), mortality, and turnover.

Actuarial Value of Plan Assets Since the OPEB obligation has not as yet been funded, there are not any assets. It is anticipated that in future valuations, should funding take place, a smoothed market value consistent with Actuarial Standards Board Actuarial Standards of Practice Number 6 (ASOP 6), as provided in paragraph number 125 of GASB Statement 45.

Turnover Rate An age-related turnover scale based on actual experience as described by administrative staff has been used. The rates, when applied to the active employee census, produce an annual turnover of approximately 12%. The rates for each age are below:

Age Percent Turnover 18-25 22.0%

,26 -40 15.0% 41 -54 10.0% 55+ 8.0%

Postemployment Benefit Plan Eligibility Requirements It is assumed that entitlement to benefits will commence six years after eariiest eligibility to enter the D.R.O.P. Medical benefits are provided to employees upon actual retirement. Most ofthe employees are covered by TRSL, whose refirement eligibility (D.R.O.P. entry) provisions are as follows: 30 years of sen/ice at any age; age 55 and 25 years of sen/ice; or, age 65 and 20 years of service. For employees not covered by TRSL, it was assumed that age 60 and 10 years of service also applied in addition to the foregoing provisions. Entitiement to benefits confinue through Medicare to death.

Investment Retum Assumption (Discount Rate) GASB Statement 45 states that the investment return assumpfion should be the estimated long-term investment yield on the investments that are expected lo be used to finance the payment of benefits (that is, for a plan which is funded). Based on the assumption that ARC will nol be funded, a 4% annual investment return has been used in this valuation. This is a conservative estimate of the rate of return on School System funds used in the course of ils financial activity.

32



Health Care Cost Trend Rate The expected rate of increase in medical cost is based on projections performed by the Office of the Actuary at the Centers for Medicare & Medicaid Sen/ices as published in the National Health Care Expenditures Projecfions: 2003 to 2013, Table 3: National Health Expenditures, Aggregate and per Capita Amounts, Percent Distribution and Average Annual Percent Change by Source of Funds: Selected Calendar Years 1990-2013, released in January, 2004 by the Health Care Financing Administration (www.cms.hhs.qov ). "State and Local" rates for 2010 through 2013 from this report were used, with rates beyond 2013 graduated down to an ulfimate annual rate of 5.0% for 2016 and later.

Mortality Rate The 1994 Group Annuity Reserving (94GAR) table, projected to 2002, based on a fixed blend of 50% of the unloaded male mortality rate and 50% of the unloaded female morality rates, was used. This is the mortality table which the Internal Revenue Service requires to be used in determining the value of accrued benefits in defined benefit pension plans. Since GASB 45 requires the use of "unblended" rates, we have used the 94GAR mortality lable described above to "unblended" the rales so as to reproduce the composite blended rale overall as the rate structure lo calculate the actuarial valuation results for life insurance.

Method of Determining Value of Benefits The "value of benefits" has been assumed to be the portion of the premium after retirement date expected to be paid by the employer for each retiree and has been used as the basis for calculating the actuarial present value of OPEB benefits to be paid. The OGB rates provided are "unblended" rates for acfive and retired employees as required by GASB 45 for valuation purposes. It has been assumed that 25% of future refirees adopt the OGB Medicare Advantage Plan.

NOTE 8 - CHANGES IN LONG-TERM DEBT

The following is a summary of the long-term debt transactions the year ended June 30, 2011:

Beginning

General Obligation Bonds $11,095,000 QSCB Revenue Bond 0 Revenue Bonds 3.405.000 Subtotal Bonds 14,500,000

Post-employ benefit 5,071,795 Comp Absences, net 4,077,224

Total $23,649,019

A schedule of individual issues outstanding

District /Date of Issue

General Obligation Bonds Hammond District No. 1:

May 1.2003 May 1.2005

Champ Cooper No. 106: May 1.2003

Kentwood District No. 107: May 1.2003

Ponchatoula Dist No. 108: May 1,2003

Independence Dist No. 39 April 1,2004

Sumner District No. 116: May 1.2003 November 1.2003

Subtotal-General Obligation Bonds

QSCB Revenue Bond O.W. Dillion Elementary March 15, 2011

Total Bonds Payable

Additions

$0 14,200,000

0 14,200,000 3,308,685 5,677.412

$23,186,097

Ded/Retmts

($1,635,000) 0

(3.405.000) (5.040.000)

0 (5,115,465)

($10,155,465)

as of June 30, 2011 is as follows:

Original Issue

4,180,000 4.660.000

1.000.000

1,335,000

3,380,000

3,200,000

960,000 3.400.000

$22,115,000

14.200.000

$57,305,000

Interest Rate

2.0-3.6% 4.9-5.3%

2.0-3.5%

2.0-3.6%

2.0-3.5%

5%

2.0-3.5% 3.6-6.0%

•71%

Ending

$9,460,000 14.200,000

0 23.660,000

8,380,480 4.639,171

$36,679,651

Final Year

2014 2015

2013

2014

2013

2024

2013 2023

2026

:

Due Within One Year

$1,690,000 946,666

0 2.636,666

0 220.428

$2,857,094

Principal Outstanding

640.000 2.250.000

230,000

415.000

645.000

2.595.000

220,000 2,465,000

$9,460,000

$14,200,000

$23,660,000

33

http://www.cms.hhs.qov



Future debl service requirements

Year Endlna June 30

2012 2013 2014 2015 2016

2017-2021 2022-2026

Total

on bonds and note payable

Principal Payments

2,636,666 2.736,666 2,226.666 1.866,666 1,311,666 6,858.335 6,023,335

$23,660,000

•• BS K a HM • a . • • • « • ^ HS I H SV . • • SH >V I IH ••—

are as follows:

Intei-est Payments

440,344 394.834 331,473 285,368 251.890

1.041,170 603,471

$3,348,550

Total

3.077.010 3,131.500 2,558.139 2,152.034 1,563.556 7,899,505 6.626.806

$27,008,550

All principal and interest requirements are funded in accordance with Louisiana law by the annual tax levy on taxable property within the parish taxing district. At June 30,2011, the School System had accumulated $2.2 million in the Debt Service Funds for future bonded debt requirements. The School Syslem is legally restricted from incurring long-term debt financed through property taxes in excess of 35% of the assessed value of taxable property. At June 30, 2011, the statutory limit was $234.8 million and the remaining debt margin was $227.6 million.

NOTE 9 - PRIOR YEAR DEFEASANCE OF DEBT

The School System defeased certain sales tax and general obligation bonds in the curreni and prior fiscal years by placing the proceeds of new bonds in inevocable trusts to provide for all future debt service payments on the old bonds. The proceeds ofthe new debt were used to purchase U.S. Government securities. Accordingly, the trust account assets and liabilities forthe defeased bonds are not included in the School System's financial statements. The investments and fixed earnings from the investments are sufficient lo fully service the defeased debt until the debl is called or matures. Al June 30, 2011, the following bonds are consider defeased:

Hammond District No. 1 Series 1994A Champ Cooper District No. 106 Series 1993A Kentwood District No. 107 Series 1994B Ponchatoula District No. 108 Series 1993B Sumner District No. 116 Series 1993C Hammond District No. 1 Series 1995A

Total

Amount Outstanding

720,000 365,000 425,000

1.005,000 . 335.000 2,275,000

Date Defeased May 1,2003 May 1,2003 May 1,2003 May 1.2003 May 1.2003 May 1.2005

$5,125.000

NOTE 10 - INTERFUND RECEIVABLES/PAYABLES

General Fund (major fund) NCLBA(major fund) Sales Tax Pay as You Go (major fund) Enterprise Fund Non-Major Special Revenue Funds:

IDEA HEAP LA4 Workforce Investment Ad Miscellaneous Magnet School Program LA Tech College LA'S Role in Traditional Am History Vocational Ed 8(g) Educational Jobs Fund

Subtotal Non-Major Special Revenue Funds

Total

Due From Other Funds $6.060.069

18.906 3.769

Due To Other Funds

56.384

56,384

570,991 88,559

362.779 599,164 284,429 599.658 55,917 26,843

136,599 175,709 354,813

3,255,461

$6,139,128 $6.139,128

34



During the course of normal operations, numerous transactions occur between funds for goods provided or sen/ices rendered. These receivables and payables, as well as short-term interfund loans, are classified as due from olher funds or due to other funds, but are eliminated in the GWFS. Any residual balances outstanding between governmental activities and business -type activities are reported in the GWFS as internal balances. The same is true for interfund transfers, which in nature principally consist of payment of indirect costs to the General Fund as well as a transfer to School Food Fund. All interfund balances are expected to be liquidated wilhin one year. The principle purpose (source) of interi'und balances is negative cash balances in the special revenue funds (pooled cash). The General Fund records as a receivable and special revenue funds record as a payable ils negative cash interest in the System's pooled cash.

NOTE 11 - FEDERAL GRANTS

The System participates in a number of federal financial assisiance programs. Although the programs have been audited in accordance with the Single Audit Act through June 30, 2011, these programs are still subject to fmancial and compliance audits and resolution of previously identified questioned costs. The amount, if any, of expenditures which may be disallowed by the grantor can not be determined at this time, and if any, are expected lo be immaterial.

NOTE 12 - RISK MANAGEMENT

The School System initiated a risk management program in 1992 which provides that it self-fund a certain portion of each claim for workers' compensation, general liability, auto liability, and building and contents losses. Premiums are paid into the workers' compensation Internal Sen/ice Fund by all funds from which salaries are paid and are available to pay claims, claim resen/es. and administrative costs of the program. During fiscal year 2010-2011, a total of approximately $2 million was incurred in benefits and administrative costs. An excess coverage insurance policy covers individual claims in excess of $300,000. An amount for self-insurance losses of a $1,282.072 has been accrued as a liability based upon an actuary's estimate. Interfund premiums are based primarily upon the individual funds' claims experience and are reported as expenditures in the individual funds. In addition, the School System is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; and natural disasters. The School System risk management fund (an internal service fund) is also used to account for and finance its uninsured risk of loss. Under this program, the risk management fund provides coverage up to a maximum of $150,000 for each general liability, auto liability, errors and omissions claims and $100,000 for each property damage claim. The School System purchases commercial insurance for claims in excess of coverage provided by the fund. An amount for self-insurance losses of $1,135,849 has been accrued as a liability based upon an actuary's estimate. The General Fund ofthe School System makes payments to the Risk Management Fund based on estimates of the amounls needed to pay claims and to establish a resen/e for catastrophic losses. That resen/e was a deficit of $1,764,104 at June 30, 2011 and is reported as the net assets of the risk management Internal Service Fund. The claims liability of $2,417,921 reported in the fund at June 30,2011 is based on the requirements of Govemmental Accounting Standards Board which requires that a liability for claims be reported if information prior to the issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. Changes in the claims liability amount in previous fiscal years are as follows:

Workers' Compensation: 2008-2009 2009-2010

2010-2011

Risk Management: 2008-2009 2009-2010 2010-2011

Totals: 2008-2009 2009-2010 2010-2011

Beginning ofYear Uability

631,313 570,885 995,807

1,510,871 832,566

1,157.593

2.142,184 1,403.450 2,153,400

Claims and Changes In Estimates

305,270 1,089,086

998.842

134,912 1.039,688

467.627

440,182 2,128,774 1,466,469

Benefit Payments/ Insurance

Reimb.

(365,698) (664,164)

(712,577)

(813,218) (714,660) (489,371)

(1,178.916) (1,378,734) (1,201.948)

Balance at Year-End

570.885 995,807

1,282,072

832.565 1,157.593 1.135.849

1,403.450 2,153,400 2,417.921

The School System continues to carry commercial insurance for all other risks of loss, including employee health and accident insurance. For each of the past three years, there has been no significant reduction in insurance coverage and moreover, the amount of settlements have not exceeded insurance coverage. Refer to page 16 "Claims Payable".

35



NOTE 13 - ECONOMIC DEPENDENCY

Statements of Financial Accounting Standards (SFAS) No. 14 requires disclosure in financial statements of a situation where one entity provides more than 10% ofthe audited entity's revenue. The MFP funding program by the State to all public schools in Louisiana is primarily based on October 1" student count. The State provided $99.6 million to the School System, which represents approximately 54.9% ofthe System's total revenue in the governmental funds.

NOTE 14 - JOINTLY GOVERNED ORGANIZATION

The Tangipahoa Parish School System Sales and Use Tax Division serves as collector of sales and use tax for the parish. Sales and use taxes of $31.3 million was collected by the division and distributed lo the School System.

NOTE 15-TRANSFERS

General Fund Sales Tax Pay as You Go NCLBA Proprietary - Sales Tax CoUection Fund Non-Major Special Revenue Funds:

School Food Service IDEA LA4 Workforce Investment Act Miscellaneous LA'S Role in Traditional Am History LA Tech College Magnet School Program HESP Magnet

Subtotal Non-Major Special Revenue Funds Non-Major Debt Service Fund:

Sales Tax Revenue Bonds District General Obligation Bonds

Subtotal Non-Major Debt Service Funds Non-Major Capital Projects Funds:

Roofing Fund Subtotal Non-Major Capital Projects Funds Total

Transfer In $1,814,386

403,327

1.908.535 79.253

565,846

978.415 3.532.049

25.239 , 25,239

423,000 _ 423,000

$6,198,001

Transfer Out $3,552,215

448.239 705.206

76,396

615.458 100.659 205.957

9,992 10,935 4.967

65.449

1.013.417

381.254 21.274

402.528

$61,980,001

During the course of normal operations, numerous transactions occur between funds for goods provided or sen/ices rendered. Interfund transfers, consist of payment of indirect costs lo the General Fund as well as a transfer lo SFS.

NOTE 16 - CLAIMS AND JUDGEMENTS

At June 30, 2011, the School System was a defendant in lawsuits principally arising from the normal course of operations. The School System's legal counsel has reviewed the School System's claims and lawsuits, which are primarily personal injury claims, in order to evaluate the likelihood of an unfavorable outcome to the System and to arrive at an estimate, if any, ofthe amount or range of potential loss to the System. As a result ofthe review, the various claims and lawsuits have been categorized into "probable", "reasonably possible", or "remote", as defined by the GASB. Amounts of claims classified as "probable" have been accrued in the claims liability and the liability for self-insurance losses, as explained in Note 12. The amount of claims and lawsuits which have been classified as "reasonably possible" individually range from $3,000 to $100,000. It is the opinion ofthe School System, afler conferring with legal counsel, that the liability, if any which might arise from these lawsuits would nol have a material adverse effect on the School System's financial position except as follows: The School System is a defendant in a lawsuit involving a school desegregation case. It arose as a result of former stale laws requiring separate educational facilities forthe races within the School Districtand elsewhere within the state and pronouncements and affirmative rulings of the U.S. Supreme Court and inferior federal appeals and district courts which declared such laws repugnant to the Fourteenth Amendment to the U.S. Constitution. The lawsuit was originally filed in 1965. Plaintiffs do not seek monetary damages through the Lawsuit. However, it is estimated that the cost of implementation of the new desegregation plan provided for in the August 31, 2010, Order will be approximately $60 million. Funding required for the planning and applicable construction of facilities will be paid on a proportionate basis from each school taxing district's pay-as-you-go funds derived from the current one cent sales and use tax. In the opinion of counsel. TPSS should be in a position to seek relinquishment of judicial supervision and dismissal within the next 6 years. This evaluation is conditioned upon the construction of three additional elementary schools, improvements to the Career Education Center Magnet School, and the completion ofthe new O.W. Dillon Elementary School currently under construction

: fi

Four Tangipahoa Parish High School 4H students were honored before the LSU vs. ULM game on SatunJay November 13, 2010. The students include Ray (PHS; Science Engineering and Technology Board), Jana (PHS; Science Engineering Technology Board), Dakota (LHS; Shooting Sports Ambassadors) and McKenna (LHS; Fashion Board). They were recognized along with a number of other students

from parishes across Louisiana for being part of the State 4H Youth Leadership Program. The event took place on e field of Tiger Stadium during Pregame. These high school students help plan camps and workshops to promote various 4H activities across the state of Louisiana. Before going to the game, they took part In the 4-H Day with the Tigers at Parker Coliseum. They are under the parish leadership of JoAnna

Pesson. and the Board Leadership of Katina Hester (SET) David Boldt (Shooting Sports) and Christi Turner.

REQUIRED SUPPLEMENTARY INFORMATION (PARTS)

TPSS Central Office employees gathered around the flagpole to remember our Veterans on Veterans' Day 2010. "This nation will remain the land of the free only so long as it is the home of the brave." -Elmer Davis

Thanks to Julie Blackwell for the great collage of pictures.


General Fund Budgetary Comparison Schedule Schedule of Revenues, Expenditures and Changes In Fund Balances-Budget to Actual


REVENUES Local Sources: Ad Valorem Taxes Sales and Use Taxes Tuition Investment Income

1%Tax E-Rate Grant Other

State Sources: Unrestricted Grants-in-Aid Restricted Grants-in-Aid State Revenue Sharing

Federal Sources

TOTAL REVENUES

Original Budget

$1,854,717 15,251,800

190.490 310.382 370,646 536.000 343,221

102.271,244 389,550 127,027 254.641

121,899.718

Final Budget

$1,955,408 15,469,424

190.490 225,462 396,757 902,168 374.334

99.578,301 241,995 130.940 216.104

119.683.373

Actual

$1,947,644 15,661.207

186,640 171.360 414.438

1.034.161 449.986

99.575,404 194.905 130,899 249.552

120,016.196

EXPENDITURES Current:

Instruction: Regular Ed Programs Special Ed Programs Vocational Ed Programs Other Instmctional Programs Special Programs Adult Ed Programs

Support Services: Student Services Instructional Staff Suppori General Administration School Administration Business Services Plant Services Central Sen/ices Student Transportation Food Services

Community Sen/ice Programs Capital Outlay Debt Service:


TOTAL EXPENDITURES

EXCESS/(DEFiOIENCY) OF REVENUES OVER EXPENDITURES

OTHER FINANCING SOURCES/(USES| Transfers In Transfiers (Out)

TOTAL OTHER FINANCING SOURCES/(USES)

EXCESS/(DEFICIENCY) OF REVENUES AND OTHER SOURCES OVER EXPENDITURES AND OTHER USES


FUND BALANCES, End of Year

See accompanying Independent auditors'report.

60.042.196 16,621,439 2,589,018 1,916,494

104,539 0

7,243,700 3,709.170 1,529.490 9,376.143 1.120.786 7,617,833 1,675,398

11,891,513 194,993 25,117

0

0 0

125.657.829

(3.758,111)

2.473,204 (3,629,451)

(1.156,247)

(4,914,358)

23,424,280

$18,509,922

58.842,071 17.162.564 2,674.519 1,976.983

312,538 0

7,016.263 3.348.748 1,610.018 7.901.788 1,092.627 7.332.893 1.673,486

11,920.258 204.120

24.117 0

0 0

123.092.993

(3.409,620)

1.838.007 (3,711,948)

(1,873.941)

(5.283.561)

23,424.280

$18,140,719

59,159,851 17.211,685 2.647,105 1,955.989

337.297 0

6,924.304 3.372.282 1,517.839 8.243.869 1.048.875 7,292,797 1,546,902

11.929.089 195,673 23.924

0

0 0

123.407.481

(3.391,285)

1.814.386 (3.552.215)

(1.737.829)

(6,129.114)

23.424.280

$18,295,166

37


Sales Tax Maintenance Fund Budgetary Comparison Schedule Schedule of Revenues, Expenditures, and Changes in Fund Balances-Budget to Actual


REVENUES Local Sources: Ad Valorem Taxes Sales and Use Taxes Tuition Investment Income Other

State Sources: Unrestricted Grants-in-Aid Restricted Grants-in-Aid

Federal Sources

TOTAL REVENUES

Original Budget

$0 7,739,877

0 90.000

1.500

0 0 0

7.831,377

Final Budget

$0 7,834,488

0 122,000

7,500

0 0 0

7,963.988

Actual

$0 8,012.766

0 67,653

4,391

0 0 0

8,084,810

EXPENDITURES Current: Instruction:

Regular Ed Programs Special Ed Programs Vocational Ed Prograhis Other Instructional Programs Adult Ed Programs

Support Services: Student Services instructional Staff Support General Administration School Administration Business Sen/ices Plant Sen/ices Central Services Student Transportation Food Services



TOTAL EXPENDITURES

EXCESS/(DEFICIENCY) OF REVENUES OVER EXPENDITURES

OTHER FINANCING SOURCES/(USES) Transfers In Transfers (Out)



FUND BALANCES, Beginning of Year


See accompanying Independent auditors' report.

0 0 0 0 0

0 0

50,309 0

173.773 7.038,755

568.540 0 0 0 0

0 0

7,831,377

0 0 0 0 0

0 0

61,000 0

180,073 7,991.452

566,977 0 0 . 0

42.000

0 0

8.841,502

0 0 0 0 0

0 0

52,094 0

179,122 6,837,203

557.937 0 0 0

41,377

0 0

7,667,733

(877,514) 417.077

0 0

0

0

8.978.011

$8,978,011

0 0

0

(877.514)

8.978,011

$8,100,497

0 0

0

417,077

8.978,011

$9,395,088

38


NCLBA Budgetary Comparison Schedule Schedule of Revenues, Expenditures, and Changes In Fund Balances-Budget to Actual


REVENUES Local Sources: Ad Valorem Taxes Sales and Use Taxes Tuition Investment Income Other

State Sources: Unrestricted Grants-in-Aid Restricted Grants-in-Aid

Federal Sources

TOTAL REVENUES

Original Budgei

$0 0 0 0 0

0 0

12,416.460

12,416,460

Final Budget

$0 0 0 0 0

0 0

16,620,904

16,620,904

Actual

$0 0 0 0 0

0 0

12,550.965

12,550,965

EXPENDITURES Cun'ent:

Instruction: Regular Ed Programs Special Ed Programs Vocational Ed Programs Other Instructional Programs Special Programs Adult Ed Programs

Support Services: Student Sen/ices Instructional Staff Support General Administration School Administration Business Services Plant Services Central Services Student Transportation Food Services



TOTAL EXPENDITURES







See accompanying independent auditors' report.

0 0 0 0

6,699,303 0

165,951 4,483,773

600 0

30,000 119,240

0 147.587

0 120.793

0

0 0

11,767,247

55,985 0 0 0

9.587.670 0

271,221 5.246,519

600 0

51,869 125,084

0 73,754

0 207,408

0

0 0

15,620,110

19,027 0 0 0

7.490.335 0

215,141 3,823,302

0 0

60,159 114,273

0 98.771

0 24,751

0

0 0

11.845.759

649,213 1.000,794 705.206

0 (649,213)

(649,213)

0

0"

$0

0 (1,000.794)

(1.000.794)

0

0

$0

0 (705,206)

(705.206)

0

0

SO

39


NOTES TO BUDGETARY COMPARISON SCHEDULE

A. BUDGETS

The School System utilizes the following procedures in establishing budgetary data reflected in the financial statements: Prior to September 15, the Superintendent submits to the Board a proposed annual appropriated budget for the General Fund, Special Revenue Funds, Capital Projects Funds, and Debt Service Funds for the fiscal year commencing the prior July 1. The operating budget indudes proposed expenditures and the means of financing them. Public hearings are conducted to obtain taxpayer comments. Prior to September 15, the budget is legally enacted through adoption by the System's Board.

Formal budgetary integration is employed as a managemeni control device during the year for the General, Sales Tax IVlaintenance, NCLBA the Sales Tax Pay as You Go Funds, and the OW Dillon Construction Fund. Accordingly, these five funds' budgets have appropriations legally adopted at the "appropriated budget" level. The General Fund budget is adopted and presented on a basis consistent with generally accepted accounting principles (GAAP). Appropriations in the General Fund lapse at the end of the fiscal year. Budgeted amounls are as originally adopted or as amended. The only legal requirement is that the System adopt budgets which reflect expenditures at a level equal to or less than total revenues plus fund balances. The Sales Tax Maintenance Fund, NCLBA, the Sales Tax Pay as You Go, and OW Dillon Construction Fund budgets have an annual appropriated budget adopted prior to September 15 by the System. This budgei is taken to the finance committee and then to the Board for approval. The Sales Tax Maintenance Fund, NCLBA, and the Sales Tax Pay as You Go funds, and OW Dillon Construction Fund budget appropriations lapse at the end ofthe fiscal year. This budget is adopted and presented on a basis consistent with generally accepted accounting principles (GAAP).

The annual appropriations lapse al the end of the fiscal year. Since all appropriations lapse at the end ofthe fiscal year, current year transactions which are directly related to a prior year's budget are rebudgeted in the current year. The total budget of a given fund is the legal level of budgetary control at which the System must approve any over-expenditures of appropriations of amounls. The School Board members must approve or authorize any, other than minor, additional appropriations, changes, revisions or transfers affecting the original budgets. Management may not amend or make revisions to the budgets which are other than minor. Once adopted, the budget can be amended by subsequent action. Reallocations of appropriations within a given fund may be approved by Parish management with subsequent ratification of the System's Board. The budgets presented are as originally adopted as well as adjusted for final revisions.

40

SUPPLEMENTAL INFORMATION

Mayor Mason Foster recentiy visited Mrs. Norman's Fifth Grade Class at Hammond Eastslde Upper to speak to them about Constitution Day.

COMBINING NONMAJOR GOVERNMENTAL FUNDS -BY FUND TYPE

Mayor Michael Ragusa, Maintenance Supervisor John Henson , and Utility Foreman Jerome Cook from the Town of Independence greeted students at Independence Elementary as they arrived on campus recentiy. Tiger PAWS (Providing All With Smiles) was designed and

implemented in order to create and maintain a healthy, positive environment for the school on a daily basis. Tiger PAWS special guests set the example of kindness, love, and concem for all members of the school environment. Independence High school students, along with town dignitaries, Indy police departmenl and fire department have all been invited to greet the students on Wednesday mornings. The goal is to

ensure that students have a positive interaction with adults before their day begins.


Nonmajor Governmental Funds Combining Balance Sheet - By Fund Type

Asof June 30, 2011

ASSETS

Cash and Cash Equivalents Investments Receivables:

Other Due from Other Funds Due from Other Governments Inventory

TOTAL ASSETS

LIABILITIES

Accounts Payable Salaries Payable Due to Other Funds Deferred Revenues

TOTAL LIABILITIES

FUND BALANCES

Spec/a/ Revenue

Funds

$6,692,998 0

111,041 56,384

3.845.874 260.013

„$10^?66,31P_

196.957 1,237,771 3,255,461 1,250,468

5.940,657

Debf Service Funds

$769,499 " 1,500.000

0 0 0 0

„.$2,269,499_

22,035 0 0 0

22,035

Capital Projects Funds

$1,891,210 1,500,000

0 0 0 0

$3,391,210

14,714 0 0 0

14.714

Total

$9,353,707 3,000,000

111,041 56,384

3,845.874 260,013

$16,627,019

233.706 1,237,771 3,255.461 1,250,468

5.977,406

Nonspendable: Inventory

Restricted for: Debt Service Other Fund Activities

Committed for; Constmction

Assigned for: Encumbrances

Unassigned: Unassigned

TOTAL FUND BALANCES

TOTAL LIABILITIES AND FUND BALANCES

159.858 159.858

0 4,865,795

0

0

0

5,025,653

$10,966,310

2,247,464 0

0

0

0

2.247.464

$2,269,499

0 3,376,496

0

0

0

3,376,496

$3,391,210

2,247,464 8.242.291

0

0

0

10.649,613

$16,627,019


41


Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes In Fund Balances - By Fund Type B = = s s s s s s s s s s = = = = = = = = = = = = = = = = s s = = = s s = = = = = = = = = s =:=:==:========:s===s: s=s=s:=:=======s==


REVENUES Local Sources: Ad Valorem Taxes Sales and Use Taxes Investment Income Other

State Sources: Restricted Grants-in-Aid

Federal Sources

TOTAL REVENUES



Support Services: Student Services Instructional Staff Support General Administration School Administration Business Sen/ices Plant Sen/ices Central Services Student Transportation

Food Services Community Sen/ice Programs

Capital Outlay Debt Service:

Prindpal Retirement \ Issuance Cost Interest and Bank Charges

TOTAL EXPENDITURES








Special Revenue

Funds

$1,624,255 " 0

49,592 1.692,912

1.581.755 26,304.533

31,253,047

6.636,507 2.482,264

332.664 367,593

2,200.103 127,835

1.671,547 2,778.280

69,888 1,156,793

17,562 462,044 404,355 148,001

10,429.997 4.281.218

14.991

0 0 0

33,581,642

(2,328,595)

3,532,049 (1,013,417)

2.518.632

190.037

4,835,616

$5,025,653

Debf Service Funds

$1,652,672 3.054.678

36,005 0

0 0

4.743.355

0 0 0 0 0 D

0 , 0

368,342 0 0 0 0 0 0 0 0

5,040.000 0

587.256

5,995,598

(1,252,243)

25,239 (402,528)

(377,289)

(1.629.532)

3,876,996

$2,247,464

Capitai Projects Funds

SO 0

24.881 0

0 0

24,881

0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0

77.207

0 0 0

77,207

(52,326)

423.000 0

423,000

370,674

3,005,822

$3,376,496

Total

$3,276,927 3,054,678

110,478 1,692,912

1,581.755 26,304.533

36.021,283

6,636,507 2,482,264

332,664 367,593

2,200,103 127,835

1,671,547 2,778,280

438,230 1,156,793

17.562 462.044 404.355 148,001

10,429,997 4,281,218

92,198

5,040,000 0

587,256

39.654,447

(3.633,164)

3,980,288 (1,415.945)

2,564,343

(1.068,821)

11,718.434

$10,649,613

42

NONMAJOR SPECIAL REVENUE FUNDS

Nonmajor Special Revenue Funds are used to account for specific revenues that are legally restricted to expenditure for particular purposes. The School System maintains the following Special Revenue Funds:

SCHOOL LUNCH/BREAKFAST FUND

The School Lunch/Breakfast Fund is used to account for the operations of the school food service program in the parish school system during the regular school term. The basic goals of the school food service programs are to serve nutritionally adequate, attractive and moderately priced meals, to help children grow/ socially and emotionally, to extend educational influences to the homes of school children, and to provide learning experiences that will improve children's food habits with the ultimate goal of physically fit adults.

HEAP (HURRICANE EDUCATOR ASSISTANT PROGRAM)

The purpose of this grant is to recruit and retain new and current teachers, school principals, assistant principals, and other educators in schools located in an area with respect to which a major disaster w/as declared.

INDIVIDUALS WITH DISABILITIES EDUCATION ACT (IDEA)

Public Law 94-142 authorizes funding ofthe Handicapped Preschool and School Program, which is a federally financed program of free education in the least restrictive environment for children with exceptionalities.

Extension Special Ed - provides for medical and health services for handicapped children and free education in the least restrictive environment. This program is primarily funded by the federal government.

LA 4 PROGRAM

The LA 4 Improvement Enhancement grant is awarded by the LA Dept. of Ed and funded through the U.S. DHHS. This program is housed at Midway Elementary, Chesbrough Elementary, Woodland Park Early Leaming Center, Amite Elementary, Champ Cooper, Independence, and Spring Creek. A developmentally appropriate curriculum provides experience designed lo improve the readiness for 4 year old children. This program is free to families who qualify for free and reduced school meals.

LA'S ROLE IN TRADITIONAL AMERICAN HISTORY (TAH)

The TAH program is designed to enhance teachers' knowledge of traditional American history and assist with certification and qualification credentials of teachers and improve student academic achievement.

HAMMOND ALTERNATIVE PROGRAM

This program serves students in the Hammond School District. The program provides an alternative educational setting for those students who are in need of a special setting wilhin the school they attend.

WORKFORCE INVESTMENT ACT

Workforce Investment Act (WIA) is a federally funded project which provides opportunities for economically disadvantaged individuals lo prepare for careers in health occupations, such as licensed practical nurses, nurses aides and assistants, and orderlies; automobile mechanics; clerical occupations, such as typists, word processors and data processors; food service workers; and child care workers and attendants.

MISCELLANEOUS PROGRAMS

Miscellaneous Programs is used lo account for those programs that are anticipated to have a short duration or have relatively low monetary activity. Forthe fiscal year 2010, the following were grouped into Miscellaneous Programs: Learn and Serve America, PPA School, Save the Children, LEAP Remediation, Dispiaced/Nondisplaced Public, KI-IS Fire, Education Excellence, Arts Council ofB.R., Section 504 Expenditures, Timber Funds, Amite Accelerated, Walmad Champ Cooper, Hurricane Katrina, Hunicane Gustav and Homeland Security, Title I Homeless, IHS 9'" Grade. Ensuring Literacy For All Training, Ensuring Lit and Numeracy For All, Ponchatoula Wetlands, Career Tech Ed Various. Ens Lit and Num, and Enhancing Thru Tech, Vanderbilt. and Catholic Charities.

MAGNET SCHOOLS PROGRAM

The Magnet Schools Program assist in the creation and initiating expenditures associated with the Magnet schools created and set up in the parish

43

LA TECH COLLEGE FUND

This program is designed to provide education opportunities for adults 16 years of age and older, not currently enrolled in school and who lack a high school diploma or the basic skills to function effectively in the workplace.

VOCATIONAL EDUCATION FUND

The Vocational Education fund is a federally funded program restricted to expenditures for salanes, supplies and equipment to be used in vocational education programs.

HAMMOND ACCELERATED PROGRAM

The HAP fund is used to account for monies dedicated to a magnet elementary school in the school district.

8(g) SPECIAL PROJECTS FUNDS

The 8(g) Special Projects Funds are state grants provided by the State Board of Elementary and Secondary Education to create programs for special projects deemed worthy by the State Board.

EDUCATION JOBS FUND

The Louisiana Department of Education awarded this American Recovery and Reinvestment Act of 2009 federal grant to minimize or avoid reduction in education and other essential public services due to state MFP cuts.

dA

~ •^^•'T^^f?^?^[

umit^' mm

22D

^ x

. Tortence Joseph visited Hammond Westside Primary recently to thank everyone for their support during his unit's tour in Iraq. Mr. Joseph's daughter, Danielle, is in the Accelerated Magnet Program first grade class at HWP. Students wrote letters and drew pictures v^ich he shared

with his unit. In appreciation, Torrence presented Lisa Raifonj, Principal of Hammond Westside Primary, with a certificate and the flag that flew over COB Adder. Tallil, Iraq, his command post, on July 4, 2010. The flag and certificate will be proudly displayed in the office. Ton"ence

, Joseph is the Administrative Assistant at Independence High School.


Nonmajor Special Revenue Funds Combining Balance Sheet

Asof June 30, 2011

School Lunch/ LA 4 Breakfast HEAP IDEA PROGRAM

ASSETS Cash and Cash Equivalents $3,257,008 $0 $405,767 $0 Investments 0 0 0 0 Accmed Interest Receivable 0 0 0 0 Other Receivables 9.330 0 0 0 Due From Other Funds 0 0 56.384 0 Due From Other Governments 138,595 100,952 922.684 492,626 Inventory, at cost 260,013 0 0 0

TOTAL ASSETS $3,664.946 $100,952 $1,384.835 $492,626

LIABILITIES AND FUND BALANCES Liabilities: Accounts Payable Salaries Payable Due to Other Funds Due to Other Govemments Deferred Revenues

TOTAL LIABILITIES

$11,959 411,790

0 0

118.889

$12,393 0

88.559 0 0

$1,705 364,103 570.991

0 448.036

$0 129,847 362,779

0 0

542,638 100,952 1.384.835 492.626


Inventory Restricted: Other Fund Activities

TOTAL FUND BALANCES


159,858

2.962,450

3.122.308

$3,664,946

0

0

0

$100,952

0

0

0

$1,384,835

0

0

0

$492,626


45

LA'S Role In Traditional Am History

$0 0 0 0 0

28,336 0

$28,336

Hammond Alternative Program

$238,712 0 0 0 0 0 0

$238,712

Workforce Investment

Act

$75,210 0 0 0 0

592.680 0

$667,890

Miscellaneous Programs

$2,108,326 0 0

101,711 0

157,063 0

$2,367,100

Magnet School

Program

$0 0 0 0 0

642,222 0

$642,222

LA Tech College

$0 0 0 0 0

63.521 0

$63,521

Vocational Education

$0 0 0 0 0

136.599 0

$136,599

$1,493 0

26,843 0 0

$17,732 37.253

0 0 0

$68,726 0

599,164 0 0

$4,125 64,986

284.429 0

683.518

$42,539 0

599,658 0

25

$0 7.604

55,917 0 0

$0 0

136.599 0 0

28.336 54.985 667.890 1,037,058 642.222 63.521 136.599

0

0

0

$28,336

0

183,727

183,727

$238,712

0

0

0

$667,890

0

1.330.042

1,330,042

$2,367,100

0

0

0

$642,222

0

0

0

$63,521

0

0

0

$136,599

(Continued)

46


Nonmajor Special Revenue Funds Combining Balance Sheet

Asof June 30, 2011

8(g) Special Hammond Projects Educational

Accelerated Funds Jobs Fund Totals ASSETS Cash and Cash Equivalents $607,975 $0 $0 $6,692,998 Investments 0 0 0 0 Accrued Interest Receivable 0 0 0 0 Other Receivables 0 0 0 111,041 Due From Other Funds 0 0 0 56,384 Due From Other Govemments . 0 215,783 354,813 3.845,874 Inventory, at cost 0 0 0 260,013

TOTAL ASSETS $607,975 $215,783 $354,813 $10,966,310

LIABILITIES AND FUND BALANCES Liabilities: Accounts Payable Salaries Payable Due to Other Funds Due to Other Governments Deferred Revenues

TOTAL LIABILITIES

$36,285 182,114

0 0 0

218,399

$0 40,074

175,709 0 0

215,783

$0 0

354,813 0 0

354,813

$196,957 1,237.771 3,255,461

0 1.250.468

5.940,657


Inventory Restricted; Other Fund Activities

TOTAL FUND BALANCES


0

389.576

. 389,576

$607,975

0

0

0

$215,783

0

0

0

$354,813 ' •

159.858

4,865.795

5.025.653

$10,966,310

See accompanying independent auditors' report

47

School Superintendent Mark Kolwe, Board President Rose Dominguez and Chief Academic Officer Melissa Stitley recognize and award the Tangipahoa Parish district students of the year at the school board meeting recentiy.


Nonmajor Special Revenue Funds Combining Statement of Revenues, Expenditures and Changes In Fund Balances

For the Year Ended June 30,2011


State Sources Federal Sources

TOTAL REVENUES

School Lunch/ Breakfast

$0 0

16,676 1,227.959

0 7,612.147

8.856.782 '

HEAP

$0 0 0 0 0

232,173

232,173

IDEA

$0 0 0 0

51,908 7.102.346

7.154.254

LA 4 Program

$0 0 0 0

151.148 1.758,693

1,909,841



Support Services: Student Services Instructional Staff Support General Administration School Administration Business Sen/ices Plant Services Central Sen/ices Student Transportation Food Sen/ices Community Services

Capital Outlay

TOTAL EXPENDITURES


OTHER FINANCING SOURCES/(USES) Transfers In Transfers (Out) Proceeds from Sales of Capital Assets


EXCESS/(DEFICIENCY) OF REVENUES & OTHER SOURCES OVER EXPENDITURES & OTHER USES

FUND BALANCES. Beginning ofYear


0 0 0 0 0 0

0 0 0 0 0 0 0 0

10,429,997 0 0

10,429,997

40.018 10,997

0 10.997

0 0

0 115.856

0 0 0 0

54,305 0 0 0 0

232.173

1,174,232 2,385,759

0 0 0 0

1,645.317 1,155.156

0 0

15.367 38.166

130.784 73.268

0 0 0

6,618.049

0 0 0

147.831 1.656,596

0

0 0 0 0

1.196 3,559

0 0 0 0 0

1,809,182

(1.573.215) 536.205 100.659

1,908,535 0 0

1,908,535

335.320

2.786.988

$3,122,308

0 0 0

0

0

0

$0

79.253 (615.458)

0

(536,205)

0

0

$0

0 (100,659)

0

(100,659)

0

0

$0


48

LA'S Role In Traditional Am History

$0 0 0 0 0

251,399

251.399

Hammond Alternative

Program

$0 0

3.522 (21.389)

0 0

(17.867)

IVorkforce Investment

Act

$0 0 0 0 0

4,487.175

4,487,175

: = s s : ! : ; s = s = = = s s s s :

Miscellaneous Programs

$0 0

7.402 338,445 692,297 238,386

1,276,530

= S S S E : S = = = S S S : = S

Magnet School

Program

$0 0 0 0 0

1.143,476

1,143.476

: s s s = : £ : s s s s s s = = :

LA Tech College

so 0 0

147,897 0 0

147.897

==============

Vocational Education

$0 0 0 0 0

332,664

332,664

0 0 0

208.765 0 0

0 30,870

0 0 0 0 0

829 0 0 0

240.464

443,556 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0

443,556

0 0 0 0 0 0

0 0 0 0 0 0 0 0 0

4,281.218 0

4,281,218

672,886 85.508

0 0

95,439 0

26,230 247,458

2,199 212,251

0 51.852

219,266 73,014

0 0

14,991

1,701,094

117,154 . 0

0 0 0 0

0 960.873

0 0 0 0 0 0 0 0 0

1.078,027

0 0 0 0 0

127,835

0 12,605

0 0 0

2,490 0 0 0 0 0

142.930

0 0

332,664 0 0 0

0 0 0 0 0 0 0 0 0 0 0

332,664

10,935 (461.423) 205,957 (424.564) 65.449 4.967

0 (10.935)

0

(10,935)

0

0

$0

0 0 0

0

(461.423)

645.150

$183,727

0 (205,957)

0

(205,957)

0

0

$0

565,846 (9.992)

0

555,854

131.290

1,198,752

$1,330,042

0 (65,449)

0

(65,449)

0

0

. $0

0 (4.967)

0

(4.967)

0

0

$0

0 0 0

0

0

0

$0

(Continued)

49


Nonmajor Special Revenue Funds Combining Statement of Revenues, Expenditures and Changes in Fund Balances


REVENUES Local Sources; Ad Valorem Taxes Sales and Use Taxes Investment Income Other


TOTAL REVENUES

Hammond Accelerated

$1,624,255 0

21,992 0 0 0

1,646.247

8(g) Special Projects

SO 0 0 0

686,402 0

686,402

Educational Jobs Fund

SO 0 0 0 0

3,146,074

3,146,074

Totals

$1,624,255 0

49,592 1,692.912 1,581,755

26,304,533

31,253,047



Support Services: Student Sen/ices Instructional Staff Support General Administration School Administration Business Services Plant Services Central Sen/ices Student Transportation Food Services Community Sen/ices

Capital Outiay

TOTAL EXPENDITURES




EXCESS/(DEFICIENCY) OF REVENUES & OTHER SOURCES OVER EXPENDITURES & OTHER USES



2,233,852 0 0 0

105,677 0

0 1,113

67,689 30.482

999 0 0 0 0 0 0

2,439,812

(793,565)

978.415 0 0

978,415

184,850

204,726

$389,576

• 267.553 0 0 0

342,391 0

0 75,304

0 0 0

264 0

890 0 0 0

686,402

0

0 0 0

0

0

0

$p- ...-

1,687,256 0 0 0 0 0

0 179,045

0 914.060

0 365.713

0 0 0 0 0

3.146,074

0 ,

0 0 0

0

0

0

$0

6,636.507 2,482,264

332,664 367.593

2,200,103 127,835

1.671,547 2,778.280

69,888 1.156,793

17,562 462,044 404,355 148.001

10,429.997 4.281.218

14,991

33,581,642

(2,328,595)

3.532,049 (1,013.417)

0

2,518,632

190.037

4.835.616

$6,025,653

See accompanying independent auditors'report.

50

Teachers at Tucker Elementary School show their support for Autism Awareness by wearing blue to support the "Light It Up Blue" campaign by Autism Speaks. For more information on "Light It Up Blue" go to http://www.liahtituDblue.QrQ/

http://www.liahtituDblue.QrQ/


Nonmajor Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balances Budget (GAAP Basis) and Actual


School Lunch/Breakfast



TOTAL REVENUES

Original Budget

$0 0

12,000 1,385,000

0 7,380,000

8,777.000

Final Budget

$0 0

16,105 1,232,203

0 7,479.128

8,727,436

Actual

$0 0

16.676 1.227.959

0 7,612,147

8,856,782

EXPENDITURES Current: Instruction;

Regular Ed Programs Special Ed Programs Vocational Ed Programs Other Instructional Programs Special Programs Adult Ed Programs

Support Sen/ices; Student Services Instructional Staff Support General Administration School Administration Business Sen/ices Plant Sen/ices Central Sen/ices Student Transportation Food Sen/ices Community Services

Capital Outlay

TOTAL EXPENDITURES


OTHER FINANCING SOURCES/(USES) Transfers In Transfers (Out) Proceeds from Sates of Capital Assets




FUND BALANCES, End ofYear

0 0 0 0 0 0

0 0 0 0 0 0 0 0

10,586,014 0 0

10,586,014

(1,809,014)

2,049,785 0 0

2,049,785

240,771

. 2,786,988

$3,027,769

0 0 0 0 0 0

0 0 0 0 0 0 0 0

10,648,596 0 0

10,648,596

(1.921,160)

2,049,785 0 0

2.049.785

128.625

2,786,988

$2,915,613

0 0 0 0 0 0

0 0 0 0 0 0 0 0

10.429.997 0^ 0

10,429.997

(1,573,215)

l'908.535 0 0

1.908.535

335,320

2.786,988

$3,122,308


51


Nonmajor Special Revenue Fund Schedule of Revenues, Expenditures and Changes In Fund Balances Budget (GAAP Basis) and Actual


HEAP IDEA

Original Budget

$0 0 0 0 0

1,068,095

1,068,095

Final Budget

$0 0 0 0 0

764,389

764,389

Actual

$0 0 0 0 0

232,173

232,173

Original Budget

0 0 0 0 0

8,108.343

8,108,343

Final Budget

$0 0 0 0 0

10,370,670

10.370.670

Actual

$0 0 0 0

51,908 7.102.346

7,154,254

638,890 0 0 0 0 0

0 383.975

0 0 0 0

45,230 0 0 0 0

1.068.095

410.176 10,997

0 10,997

0 0

0 229.295

0 3,666

0 0

99,258 0 0 0 0

764,389

40.018 10.997

0 10,997

0 0

0 115,856

0 0 0 0

54,305 0 0 0 0

232,173

893.652 2,989,229

0 0

18,346 0

1.487,811 1,604.178

0 0 0

28,294 141.975 94.697

0 0 0

7,258.182

1.390,156 4,420,070

0 0

78,410 0

1,648,878 1.609,334

0 0

40.100 60.552

144.975 91,304

0 2,000

0

9.485,779

1.174,232 2.385.759

0 0 0 0

1,645,317 1.155.156

0 0

15,367 38,166

130.784 73,268

0 0 0

6,618,049

850.161 884,691 536,205

0 0 0

0

0

0

$0

0 0 0

0

0

0

$0

0 0 0

0

0

0

$0

90,500 (710,780)

0

(620,280)

229,881

0

$229,881

45,557 (768,605)

0

(723.048)

161,843

0

$161,843

79,253 (615,458)

0

(536,205)

0

0

$0


52


Nonmajor Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balances -Budget (GAAP Basis) and Actual


REVENUES: Local Sources: Ad Valorem Taxes Sales and Use Taxes Investment Income Other


TOTAL REVENUES

Original Budget

$0 0 0 0

715,444 1,186,739

1,902,183

LA 4 Program

Final Budget

$0 0 0 0

154,721 1.759,535

1,914,256

Actual

SO 0 0 0

151,148 1,758.693

1.909,841

EXPENDITURES: Curreni:

Instruction: Regular Ed Programs Special Ed Programs Vocational Ed Programs • Other Instructional Programs Special Programs Adult Ed Programs

Support Sen/ices; Student Services Instructional Staff Support General Administration School Administration Business Services Plant Services Central Sen/ices Student Transportation Food Sen/ices Community Sen/ices

Capital Outiay

TOTAL EXPENDITURES


0 0 0 0

1,694,661 0

0 156.755

0 0

4.060 4,250

0 1,579

0 0 0

1,861,305

0 0 0 0

1.655,012 0

0 150.969

0 0

2.350 5,218

0 0 0 0 0

1,813.549

0 0 0

147,831 1,656,596

0

0 0 0 0

1,196 3,559

0 0 0 0 0

1,809.182

40,878 100.707 100,659



EXCESS/(DEF1CIENCY) OF REVENUES AND OTHER SOURCES OVER EXPENDITURES AND OTHER USES


FUND BALANCES. End ofYear

0 (40,878)

0

(40,878)

0

0

$0

0 (100,707)

0

(100,707)

0

0

$0

0 (100.659)

0

(100.659)

0

0

$0


53




LA'S Role in Trad Am History Hammond Alternative Program

Original Budget

$0 0 0 0 0

208,531

• 208.531

Final Budget

$0 0 0 0 0

278.969

278,969

Actual

$0 0 0 0 • 0

251,399

251,399

Original Budget

0 0

600 0 0 0

600

Final Budget

0 0

3,781 0 0 0

3.781

Actual

0 0

3,522 (21,389)

0 0

(17,867)

0 0 0

196.303 0 0

0 3,900

0 0 , 0

100 0 0 0 0 0

200,303

0 0 0

251.522 0 0

0 15.306

0 0 0 0 0, 0 0 0 0

266.828

0 0 0

208.765 0 0

0 30.870

0 0 0 0 0

829 0 0 0

240,464

386.339 0 0 0 0 0

0 0

1.000 • 0 0 0 0 0 0 0 0

387,339

447.423 0 0 0 0 G

0 0

, 1.000 0 0 0 0 0 0 0 0

448.423

443.556 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0

443.556

8.228 12,141 10.935 (386,739) (444,642) (461.423)

0 (8.228)

0

(8.228)

0

0

$0

0 (12.141)

0

(12.141)

0

0

$0

0 (10.935)

0

(10.935)

0

0

$0

0 0 0

0

(386,739)

645,150

$258,411

0 0 0 .

0

(444,642)

645.150

$200,508

0 0 0

0

(461,423)

645.150

$183,727


54




Workforce fnvestment Act

REVENUES: Local Sources: Ad Valorem Taxes Sales and Use Taxes Investment Income Other


TOTAL REVENUES

Original Budgei

$0 0 0 0 0

5.429,780

6,429,780

Final Budgei

$0 0 0 0 0

5,690,016

5,690,016

Actual

$0 0 0 0 0

4.487,175

4.487,175

EXPENDITURES: Current:


Support Sen/ices: Student Services Instructional Staff Support General Administration School Administration Business Services Plant Services Central Services Student Transportation Food Services Community Sen/Ices

Capital Outlay

TOTAL EXPENDITURES


OTHER FINANCING SOURCES/(USES) Transfers In Transfers (Out) Proceeds from Sales of Capital Asseis





0 0 0 0 0 0

0 0 0 0 0 . 0 0 0 0

5,346,780 0

5,346,780

0 0 0 0 0 0

0 0 0 0 0 0 0 0 0

5,565,916 0

5,565,916

0 0 0 0 0 0

0 0 0 0 0 0 0 0 0

4,281,218 0

4,281,218

83,000 124.100 205,957

0 (83,000)

0

(83,000)

0

0

$0

0 (124,100)

0

(124.100)

0

0

$0

0 (205.957)

0

(205,957)

0

0

$0


55




Miscellaneous Programs Magnet School Program

Original Budget

$0 0

6,300 323,436

1.365.560 115,082

1.810,378

Final Budget

$0 0

9.801 404,996 724,644 427,831

1,567,272

Actual

$0 0

7.402 338,445 692,297 238,386

1,276,530

Original Budget

$0 0 0 0 0 0

0

Final Budget

$0 0 0 0 0

2,232.766

2.232,766

Actual

$0 0 0 0 0

1,143,476

1,143,476

1,360,099 48,528

0 260,211

0 0

30.755 343.074

0 190,082

0 81,795

166.871 9,992

0 0

21.370

2.512.777

821.812 0 0

154.643 191.758

0

29,319 236,754

0 273.535

200 78,300

360,065 0 0 0

25,000

2,171,386

672.886 85.508

0 0

95,439 0

26,230 247,458

2,199 212,251

0 51.852

219.266 73.014

0 0

14.991

1,701,094

0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0

0

1,238,342 0 0 0 0 0.

0 796,873

0 12,000

0 0

50,000 0 0 0 0

2.097.215

117.154 0 0 0 0 0

0 960,873

0 0 0 0 0 Q 0 0 0

1.078,027

(702.399) (604,114) (424,564) 135,551 65,449

547,520 (6.201)

0

541,319

(161,080)

1,198,752

$1,037,672

573.599 (23,650)

0

549.949

(54,165)

1,198,752

$1,144,587

565,846 (9.992)

0

555.854

131,290

1,198.752

$1,330,042

0 0 0

0

0

0

$0

0 (135,551)

0

(135,551)

0

0

$0

0 (65,449)

0

(65.449)

0

0

$0


56




REVENUES: Local Sources; Ad Valorem Taxes ' Sales and Use Taxes Investment Income Other

State Sources Federal Sources .

TOTAL REVENUES

LA Tech College

Original Budgei

$0 0 0

257,455 0 0

257,455

Final Budgei

$0 0

. - 0 188.972

0 0

• , 168,972

Actual

$0 0 0

147,897 0

• 0

147.897



Support Services: Student Services instructional Staff Support General Administration School Administration Business Services ^ Plant Sen/ices Central Services Student Transportation ' Food Services Community Services

Capital Outlay

TOTAL EXPENDITURES

EXCESS/(DEFICIENCY) OF REVENUES OVER EXPENDITURES "






0 . 0 0 0 0

-219,674

0 ' 25,834

0 0

; C ' 800 ' 3.800

0 0 0 0 0

250,108

0 0 0 0

166,365

0 14.690

0 -' 0

'• 548 1,942

0 0 0 0 0

183.545

' • 0

0 0 0 0

127,835

•-' 0

12.605 0 0 0

2.490 0 0 0 0 0

142.930

7,347 5.427 4,967

0 (7,347)

0

(7,347) "

0

0

$0"

0 (5.427)

0

(5.427)

0

0

$0

0 (4.967)

0

- (4,967)

0

0

$0


57




Vocational Education Fund Hammond Accelerated

Original Budget

SO 0 0 0 0

273,214

273,214

Final Budget

$0 0 0 0 0

338,765

338,765

Actual

$0 0 0 0 0

332,664

332,664

Original Budget

$1,737,375 0

55 0 0 0

1.737.430

Final Budget

$1,645,355 0

1.460 0 0 0

1,646.815

Actual

$1,624,255 0

21,992 0 0 0

1,646,247

0 0

268.462 0 0 0

0 0 0 0 0 0 0 0 0 0 0

268,462

0 0

334,013 0 0 0

0 0 0 0 0 0 0 0 0 0 0

334,013

0 0

332,664 0 0 0

0 0 0 0 0 0 0 0 0 0 0

332.664

2.313.122 0 0 0 0 0

0 0

63,053 30.525

1,200 0 0 0 0 0 0

2,407,900

2.365.255 0 0 0 0 0

0 0

70,019 30,239

1,000 0 0 0 0 0 0

2,466,513

2,233.852 0 0 0

105,677 0

0 1.113

67,689 30,482

999 0 0 0 0 0 0

2.439,812

4,752 4,752 (670,470) (819.698) (793,565)

0 (4.752)

0

(4,752)

0

0

$0

0 (4.752)

0

(4,752)

0

0

SO

0 0 0

0

0

0

SO

936,875 0 0

936.875

266,405

204,726

$471,131

978,415 0 0

978,415

158.717

204,726

$363,443

978,415 0 0

978,415

184.850

204.726

S369,576


58




8(g) Special Projects Funds

Original Final Budget Budget Actual

REVENUES; Local Sources: Ad Valorem Taxes Sales and Use Taxes Investment Income Other

Slate Sources Federal Sources

TOTAL REVENUES

SO 0 0 0

674.552 0

674.552

SO 0 0 0

703.551

703

0

.551

SO 0 0 0

686,402 0

686,402


Instruction; Regular Ed Programs Special Ed Programs Vocational Ed Programs Other Instructional Programs Special Programs Adult Ed Programs

Support Services; Student Sen/ices Instructional Staff Support General Administration School Administration Business Services Plant Services Central Sen/ices Student Transportation Food Services Community Services

Capital Outlay

TOTAL EXPENDITURES

EXCESS/{DEFICIENCY) OF REVENUES OVER EXPENDITURES

260,968 257,175 267,553 0 0 0

402.810 0

0 9.920

0 0 0 0 0

854 0 0 0

674,552

0 0 0

349.268 0

0 93,153

0 0

2,418 443 0

1,094 0 0 0

703,551

0 0 0

342.391 0

0 75,304

0 0 0

264 0

890 0 0 0

686,402




FUND BALANCES. Beginning of Year


0 0 0

0

0

0

_S0_

0 0 0

0

0

0

so

0 0 0

0

0

0

$0


59




Educational Jobs Fund

Original Budget

so 0 0 0 0 0

0

Final Budget

$0 0 0 0 0

4,507,757

4,507.757

Actual

$0 0 0 0 0

3,146,074

3,146.074

0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0

0

2.512,694 0 0 0 0 0

0 243,814

0 1,253,822

0 497,437

0 0 0 0 0

4.507.767

1.687,256 0 0 0 0 0

0 179.045

0 914.060

0 365.713

0 0 0 0 0

3.146,074

0 0 0

0

0

0

$0

0 0 0

0

0

0

SO

0 0 0

0

0

0

so


60

Superintendent Mark Kolwe would like to express his appreciation to Judge Grace Gasaway and her staff for coordinating ttie Back to School Fair held in Ponchatoula last Friday. The participation by the numerous agencies and all of the sdiools will help the approximately 700

students who received book bags, supplies and important information to begin the new school year successfully.

NONMAJOR DEBT SERVICE FUNDS

The Debt Service Funds are used to accumulate monies for the payment of bond issues. The bond issues are financed by sales tax collections and special property tax levies on property within the territorial limits of

the School System.

61

Three of the Amite High School Wahoops performed at the Captain One Bowl in Orlando, Florida on January 1st They performed with about 900 girls from all over the world. The Wahoops won Superior when they attended camp this summer at Southeastem

Louisiana University and were invited to perform in Florida. They had an experience of a lifetime.


Nonmajor Debt Service Funds Combining Balance Sheet

As of June 30, 2011

ASSETS Cash and Cash Equivalents Restricted Cash and Cash Equivalents Investments Ad Valorem Taxes Receivable Accmed Interest Receivable

TOTAL ASSETS

Sales Tax Bond

$182 0 0 0 0

$182

District Revenue

Bonds

$10 0 0 0 0

$10

District General

Obligation Bonds

$769,307 0

1,500,000 0 0

$2,269,307

Totals

$769,499 0

1.500,000 0 0

$2,269,499

LIABILITIES AND FUND BALANCES Liabilities;

Other Liabilities

TOTAL LIABILITIES

22.035

22,035

$22,035

22,035

Fund Balances; Restricted for;

Debt Sen/ice

TOTAL FUND BALANCES


182

182

$182

10

10

$10

2,247,272

2.247,272

$2,269,307

2,247.464

2,247,464

$2,269,499


62


Nonmajor Debt Service Funds Combining Statement of Revenues, Expenditures and Changes in Fund Balances


REVENUES Local Sources; Taxes: Ad Valorem Sales and Use

Investment Income

TOTAL REVENUES

Sales Tax Bond

$0 0

2,583

. 2,583

District Revenue

Bond

$0 3.054,678

8,156

3.062.834

District General

Obligation Bond

$1,652,672 0

25.266

1,677,938

Totals

$1,652,672 3.054.678

36,005

4.743.355

EXPENDITURES Current; General Administration

Debt Sen/ice: Principal Retirement Issuance Cost Interest and Bank Charges

TOTAL EXPENDITURES


OTHER FINANCING SOURCES/(USES) Transfers in Transfers (Out). (Discount) Premium Payments to Escrow Agent Issuance of Debt





274,465 23.215 70,662 368,342

0 0 0

274,465

(271.882)

0 (381,254)

0 0 0

(381.254)

(653.136)

653.318

$182

3,405.000 0

178.896

3.607,111

(544.277)

0 (21,274)

0 0 0

(21.274)

(565.551)

565,561

$10

1,635.000 0

408,360

2,114,022

(436.084)

25.239 0 0 0 0

25.239

(410.845)

2.658,117

$2,247,272

5.040.000 0

587.256

5,995.598

(1,252.243)

25,239 (402.528)

0 0 0

(377,289)

(1.629.532)

3,876.996

$2,247,464


63

- U i\ i\ i\ n H i;>

^ ? ' - ^ ^

The Teaching American History Summer Intensive Civil War Class visited New Orieans on June 7th. Tangipahoa Parish School System teachers participating in the class are Jeramie Hookfin-Loranger High, Jermaine Spencer-Loranger High, Jason Husser-Loranger Middle,

Sherry DeGruy-O.W. Dillon, Stan Simmons-Kentwood High, and Ann Trappey-Kentwood High.


Nonmajor Debt Service Fund Schedule of Revenues, Expenditures and Changes in Fund Balances -Budget (GAAP Basis) and Actual


Sales Tax Bond


Original Budgei

Final Budget Actual

REVENUES Local Services; Taxes; Ad valorem Sales and Use

Investment Income

TOTAL REVENUES

$0 0

600

$0 0

2.960

$0 0

2,583

600 2.960 2,583

EXPENDITURES Current;

General Administration Debt Service:

Principle Retirement Issuance Cost Interest and Bank Charges

TOTAL EXPENDITURES


OTHER FINANCING SOURCES/(USES) Transfers In Transfers (Out) Discount (Premium) Payment to Escrow Agent Issuance of Debt





600

275,000 274,465

0 0 0

0

0 0 0

275,000

0 0 0

274,465

(272.040) (271,882)

0 0 0 0 0

0

600

653.318

$653,918

0 (380,000)

0 0 0

(380.000)

(652.040)

653.318

$1,278

0 (381,254)

0 0 0

(381,254)

(653,136)

653.318

$182

64


Nonmajor Debt Service Fund Schedule of Revenues, Expenditures and Changes in Fund Balances Budget (GAAP Basts) and Actual


District Revenue Bonds District General Obligation Bonds

Original Budget

Final Budget Actual

Original Budget

Final Budget Actual

$0 3.761.924

19.250

SO 3.054.678

7.600

$0 3,054,678

8.156

3.781.174 3.062.278 3.062.834

$1,678,661 $1,647,640 $1,652,672 0 0 0

17.900 24.950 25.266

1,696.561 1,672,590 1.677,938

24.431 19.846 23.215 126.227 75.500 70,662

1.085,000 3,405.000 3.4O5.000 0 0 0

165.218 181.590 178,896

1.635.000 1.635,000 1.635.000 0 0 0

411.061 411.061 408.360

1.274,649

2.506.525

0 0 0 0 0

0

2,506.525

565,561

$3,072,086

3,606.436

(544,158)

0 0 0 0 0

0

(544,158)

565.561

$21,403

3,607,111

(544.277)

0 (21.274)

0 0 0

(21.274)

(565.551)

565.561

$10

2.172.288

(475.727)

25.239 0 0 0 0

25.239

(450,488)

2,658.117

$2,207,629

2.121,561

(448,971)

25,239 0 0 0 0

25.239

(423.732)

2,658.117

$2,234,385

2.114.022

(436.084)

25,239 0 0 0 0

25.239

(410.845)

2,658.117

$2,247,272


65

The student above has almost made the 1,000 point club in the Accelerated Reader program at Ponchatoula Jr. High School. She has eamed 955.1 points so far this school year. She has taken and passed 84 quizzes with 98.6% comprehension accuracy. Her favorite author (at this time) is L.J. Smith who vin'ites the Vampire Diaries. She also enjoys books by Sara Dessen, James Patterson, Suzanne Collins and many more. She won the Accelerated Reader award last year at PJH. Pam Lipscomb, Librarian al Ponchatoula Junior High, stated that she

reads at least four to five books every week. As we come to the end of National Library Week we want to congratulate her on this great accomplishment

NONMAJOR CAPITAL PROJECTS FUNDS

The Capitai Projects Funds account for the district wide construction and improvement of pubiic school facilities. Financing has been provided by the proceeds from various sales, revenue, and general obligation bonds. The School System maintains the foilowing Capitai Projects Funds:

DISTRICT FUNDS

The various district funds are used to account for the construction and renovation of school facilities wilhin the respective school districts. Bond issues funded by ad valorem taxes within the various school districts and earnings on investments provide the majority of the financing. Other sources of revenues include second one cent sales tax paid, and litigations or insurance proceeds.

HURRICANE KATRINA INSURANCE FUND

The Hurricane Katrina Fund was set up to account for the repairs to numerous School System facilities which were a result of Katrina. Insurance proceeds are the funding source for these repairs.

ROOFING FUND

The Roofing Fund is separated into eight projects and is used lo accouni for each of the eight districts separately relative to roof replacements. Sales tax proceeds are the funding source for these repairs.

66

TANGIPAHOA PARISH SCHOOL SYSTEM -AMITE, LOUISIANA

Nonmajor Capitai Projects Funds Combining Balance Sheet

Asof June 30, 2011

ASSETS Cash and Cash Equivalents Investments Note Receivable Accrued Interest Due From Other Funds Other Receivable

TOTAL ASSETS

Construction District ni02

Amite

$44,285 0 0 0 0 0

$44,285

Miscellaneous

$0 0 0 0 0 0

$0

Hammond District m

o o o o o o

jo

1 i i i

Construction Sale Of

Hammond

$47,391 1,500,000

0 0 0 0

$1,547,391

LIABILITIES AND FUND BALANCES Liabilities: Accounts Payable Deferred Revenues Due to Other Funds

TOTAL LIABILITIES

$0 0 0

0

$0 0 0

0

$0 0 0

0

$0 0 0

0

Fund Balances: Restricted:

Other Fund Activities

TOTAL FUND BALANCES


44.285

44.285

$44,285 $0 $0

1,547.391

1,547,391

$1,547,391


67

Loranger

$0 0 0 0 0 0

$0

Hurricane Katrina

1

$200,065 0 0 0 0 0

$200,065

Consfrucf/on District U116

Sumner

$15,704 0 0 0 0 0

$15,704

Roofing Fund

$1,581,677 0 0 0 0 0

$1,581,677

Construction District U115

Independence

$2,088 0 0 0 0 0

$2,088

Total

$1,891,210 • 1.500,000

0 0 0 0

$3,391,210

$0 0 0

0

$0 0 0

0

$0 0 0

0

$14,714 0 0

14,714

$0 0 0

0

$14,714 0 0

14,714

$0

200,065

200.065

$200,065

15,704

15,704

$15,704

1.566.963

1,566.963

$1,581,677

2,088

2,088

$2,088

3.376,496

3,376.496

$3,391,210

68


Nonmajor Capital Projects Funds Combining Statement of Revenues, Expenditures and Changes In Fund Balances e £ : s = = s = = = = £ : s = E = e = ; s B = s s E : = = = S E : = = = = s s = = = s = : s s s : s = s = : = s s : s s = = = s a s : E : = s s s = = = s :


REVENUES Local Sources: Sales and Use Tax Investment Income Other

TOTAL REVENUES

Construction District it102

Amite Miscellaneous Hammond District #t

Construction Sale Of

Hammond

$0 301 0

$0 0 0

$0 0 0

$0 16.261

0

301 16,261

EXPENDITURES Current: Regular Instruction Special Instruction Instnjctional Staff Support General Administi'ation Business Sen/ices Plant Sen/ices

Bond Issuance Costs Capital Outiay

TOTAL EXPENDITURES


0 0 0 0 0 0 0 0

0

0 0 0 0 0 0 0 0

0

0 0 0 0 0 0 0 0

0

0 0 0 0 0 0 0 0

0

301 16.261


TOTAL OTHER FINANCING SOURC£S/(USES)



FUND BALANCES. End of Year

0 0

0

301

43.984

$44,285

0 0

0

0

0

$0

0 0

0

0

0

$0

0 0

0

16,261

1,531.130

$1,547,391


69

Loranger

$0 0 0

0.

Hurricane Katrina

$0 0 0

0

Construction District m i 6

Sumner

$0 106

0

106

Roofing Fund

$0 8,199

0

8.199

Construction District an 5

Independence

$0 14 0

14

Totals

$0 24,861

0

24,881

0 0 0 0 0 0 0 0

0

0 0 0 0 0 0 0 0

0

0 0 0 0 0 0 0 0

. 0

0 0 0 0 0 0 0

77.207

77,207

0 0 0 0 0 0 0 0

0

0 0 0 0 0 0 0

77,207

77.207

106 (69,008) 14 (52.326)

0 0

0

0

0

$0

0 0

0

0

200,065

$200.065

0 0

0

106

15.598

$15,704

423.000 0

423,000

353.992

1.212,971

$1,566,963 • - —

0 0

0

14

2.074

$2,088 — • ^ • = —

423,000 0

423,000

370,674

3,005.822

_.J3,376,496^

7fl


Nonmajor Capital Projects Fund Schedule of Revenues, Expenditures and Changes In Fund Balances Budget (GAAP Basis) and Actual


Construction District 11102 - Amite

REVENUES Sales and Use Taxes Investment Income Other Revenues

TOTAL REVENUES

Original Budgei

$0 300

0

300

Final Budget

$0. 300 ' 0

300

Actual

$0 301

0

301

EXPENDITURES Cuneni: Regular Instmction Special Instnjction Instructional Staff Support General Administration Business Services Plant Services

Bond Issuance Costs Capitai Outiay

TOTAL EXPENDITURES


0 0 0 0 0 0 0 0

0

0 0 0 0 0 0 ,0 0

0

0 0 0 0 0 0 0 0

0

300 300 301

OTHER FINANCING SOURCES/(USES) Issuance of Debt Transfers (Out)





0 0

0

300

43.984

$44,284

0 0

0

300

43.984

$44,284

0 0

0

301

43.984

$44,285 —=


71


Nonmajor Capita) Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balances

Budget (GAAP Basis) and Actual


Miscellaneous Hammond District #1

Original

Budget

$0

0

0

0

Final

Budget

$0 0 0

0

Actual

SO

0

0

0

Original

Budget

$0

0

0

0

Final

Budgei

$0 0 0

0

Actual

$0 0 0

0

0 0, 0 0 0 0 0 0

0

0 0 0 0 0 0 0 0

0

0 0 0 0 0 0 0 0

0

0 0 0 0 0 0 0 0

0

0 0 0 0 0 0 0 0

0

0 0 0 0 0 0 0 0

0

0 0

0

0

0

$0

0 0

0

0

0

$0

0 0

0

0

0

$0

0 0

0

0

0 .

$0

0 0

0

0

0

$0

0 0

0

0

0

$0

See accompanying Independent audi tors ' report .

72


Nonmajor Capital Projects Fund Schedule of Revenues, Expenditures and Changes In Fund Balances Budget (GAAP Basis) and Actual


REVENUES Sales and Use Taxes Investment income Other Revenues

TOTAL REVENUES

Construction Sale Of Hammond Property

Original Budget

$0 9,000

0

9,000

Final Budget

$0 17,800

0

17.800

Actual

$0 16.261

0

16.261


Regular Instruction Special Instruction Instructional Staff Support

- General Administration Business Sen/ices Plant Services


TOTAL EXPENDITURES

EXCESS/{DEFICIENCY) OF REVENUES OVER EXPENDITURES

0 0 0 0 0 0 0 0

0

0 0 0 0 0 0 0 0

0

0 0 0 0 0 0 0 0

0

9.000 17.800 16,261






0 0

0

9.000

1.531.130

$1,540,130

0 0

0

17.800

1.531,130

$1,548,930

0 0

0

16.261

1.531.130

$1,547,391

See accompanying Independent auditors'report

73


Nonmajor Capital Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balances Budget (GAAP Basis) and Actual ============================ For the Year Ended June 30, 2011

Original Budget

$0 0 0

0

0 0 0 0 0 0 0 0

0

Loranger

Final Budget

$0 0 0

0

0 0 0 0 0 0 0 0

0

===============

Actual

$0 0 0

0

0 0 0 0 0 0 0 0

0

==s==========s=s=

Original Budget

$0 0 0

0

0 0 0 0 0 0 0 0

0

:=================

Hurricane Katrina

Final Budget

$0 0 0

. 0

0 0 0 0 0 0 0 0

0

"'""""''"""

Actual

$0 0 0

0

0 0 0 0 0 0 0 0

0

0 0

0

0

0

$0

0 0

0

0

0

$0

0 0

0

0

0

$0

0 0

0

0

200.065

$200,065

0 0

0

0

200,065

$200,065

0 0

0

0

200.065

$200,065


74


Nonmajor Capitai Projects Fund Schedule of Revenues, Expenditures and Changes In Fund Balances -Budget (GAAP Basis) and Actual


Coniruction District 11116 • Sumner

REVENUES Sales and Use Taxes Investment Income Other Revenue

TOTAL REVENUES

Original Budget

Final Budget Actual

$0 150 0

150

$0 115 0

115

$0 106 0

106


Regular Instruction Special Instruction Instmctional Staff Support General Administration Business Services Plant Services


TOTAL EXPENDITURES







0 0 0 0 0 0 0

4.582

4.582

(4.432) 115 106

0 0

0

(4,432)

15.598

$11,166

0 0

0

115

15.598

$15,713

0 0

0

106

15.598

$15,704


75


Nonmajor Capital Projects Fund Schedule of Revenues. Expenditures and Changes In Fund Balances Budget (GAAP Basis) and Actual ==s===========s============= For the Year Ended June 30, 2011

Original Budget

$0 4.200

0

4.200

Roofing Fund

Final Budget

$0 8.580

0

8,580

===============

Actual

$0 8.199

0

8,199

;=======c=sc=sss=ss===s=s======

Construction District # 115 Independence

Original Budget

$0 10 0

10

Final Budget

$0 16

Q

16

Actual

$0 14 0

14

0 0 0 0 0 0 0

90,000

90.000

0 0 0 0 0 0 0

134.500

134.500

0 0 0 0 0 0 0

77,207

77.207

(85.800) (125.920) (69.008) 10 16 14

423,000 0

423.000

337.200

1.212.971

$1,550,171

423.000 0

423,000

297.080

1,212.971

$1,510,051

423.000 0

423.000

353.992

1,212.971

$1,566,963

* 0 0

0

10

2.074

$2,084

0 0

0

16

2.074

$2,090 —-

0 0

0

14

2.074

$2,088


76

TPSS Central Office employees gathered around tiie flagpole to remember our Veterans on Veterans' Day 2010. . "This nation will remain the land of tiie free only so long as it is the home of the brave." --Elmer Da\ s

-Thanks to Julie Blackwell for the great collage of pictures.

MAJOR CAPITAL PROJECTS FUND BUDGETARY COMPARISON SCHEDULE

77

\>,."'a * # ^

^ ^ 1 •••>--«»«§:'

Teachers at Tucker Elementary School show their support for Autism Awareness by wearing blue to support the "Light It Up Blue" campaign by Autism Speaks. For more information on "Light It Up Blue" go to httoi/Zwww.liohtituDblue.ora/

http://www.liohtituDblue.ora/


Major Capital Projects Fund Budgetary Comparison Schedule Schedule of Revenues, Expenditures and Changes In Fund Balances Budget (GAAP Basis) and Actual

For the Year Ended June 30> 2011

Sales Tax Pay as You Go

REVENUES Sales and Use Taxes Investment Income Other Revenue

TOTAL REVENUES

Original Budget

$3,750,001 95,700

0

3,845,701

Final Budget

$4,580,259 134,200

2,785

4,717,244

Actual

$4,593,763 126.507

2.900

4,723,170


Regular Instruction Special Instruction Instructional Staff Support General Administration Business Services Plant Services

Capital Outiay

TOTAL EXPENDITURES


766,920 0 0 0 0

97,401

1,583,075

2,447,396

1.389,557 0 0 0 0

116,607

2.681,014

4,187.178

1.326.880 0 0

29.859 0

73,714

2,292.988

3,723.441

1,398,305 530.066 999.729

OTHER FINANCING SOURCES/(USES) Transfer In Transfers (Out)




FUND BALANCES. End ofYear

0 (448.239)

(448.239)

950,066

15.518.339

16.468,405

0 (448.239)

(448.239)

81.827

15.518.339

15.600.166

403.327 (448.239)

(44.912)

954.817

15,518.339

16,473,156

See accompanying independent auditors'report

78

TANGIPAHOA PARISH SCHOOL SYSTEM - AMITE, LOUISIANA Major Capital Projects Fund Budgetary Comparison Schedule Schedule of Revenues, Expenditures and Changes in Fund Balances -Budget (GAAP Basis) and Actual


OW Dillon Construction

REVENUES Sales and Use Taxes Investment Income

Other Revenue

TOTAL REVENUES

Original Budget

0 0 0

0

Final Budget

0 114

0

114

Actual

0 7,639

0

7,639


Regular Instruction Special Instruction Instructional Staff Support General Administration Business Services Plant Sen^ices

Capital Outiay

TOTAL EXPENDITURES







0 0 0 0 0 0

26,800

26.800

(26,800)

0 0'

0

(26,800)

0

(26.800)

0 0 0 0 0 0

14,191,000

14,191,000

(14,190,886)

14.200,000 0

14.200.000

9.114

0

9,114

0 0 0 0 0 0

855.425

855.425

(847.786)

14.200.000 0

14,200.000

13,352,214

0

13,352,214


79

FIDUCIARY FUND - AGENCY FUNDS

77je Agency Funds are used to account for assets held by the School System as an agent for others. The foilowing Agency Funds are maintained by the School System:

2"" SALES TAX FUND

The 2nd Sales Tax Fund accounts for the collection and distribution of a one per cent sales and use tax levied for a period of 30 years which began February 1, 1983 and was renewed in July 2007 to extend another 30 years upon expiration in February 2013.

SCHOOL ACTIVITY FUNDS

Ttie activities ofthe various individual school accounts are accounted for in the School Activity Fund. While the accounts are under the supervision of the School System, they belong to the individual schools or their student bodies and are not available for use by the School System.

80


Statement of Changes In Assets and Liabilities


2nd SALES TAX FUND

Assets Cash and Cash Equivalents

UabiUties Amounts Held for Other Groups

SCHOOL ACTIVITY FUNDS


Liabilities Amounts Held for Other Groups

Balance July 1, 2010

$0"

$0

$2,576,373

$2,576,373

Additions

$15,615,398

$15,615,398

$5,422,939

$5,422,939

Deductions

$15,615,398

$15,615,398

$5,309,772

$5,309,772

Balance June 30,

2011

$0

$0

$2,689,540

$2,689,540

TOTAL AGENCY FUNDS


Liabilities Amounts Held for Other Groups

$2.576.373 $21.038.337 $20.925.170" $2.689.540

$2.576.373 $21,038.337 $20,925.170 $2,689.540


81

PROPRIETARY FUNDS

Proprietary Funds are used to account for the School System's ongoing organizations and activities which are similar to those often found In the private sector. The School System maintains the following Proprietary Type Funds:

SALES TAX COLLECTION FUND (ENTERPRISE FUND)

The Sales Tax Collection Fund is used to account for the collection of all local sales and use taxes within the parish of Tangipahoa. The collection costs are shared proportionately by the parish and each municipality based on the percentage of their collections to the total taxes collected.

SELF INSURANCE FUND (INTERNAL SERVICE FUND)

The Self-Insurance Fund was created in September, 1992 to administer a self insurance program for the deductible portion of their workers compensation, fleet, general liability and property insurance.

82


Supplementary Individual Fund Comparative Statement of Net Assets Proprietary Fund Type - Enterprise and Internal Service Funds

Asof June 30, 2011 with Comparative Amounts for June 30, 2010

Enterprise

ASSETS

2011 2010

Internal Service

2011 2010

Current Assets: Cash and Cash Equivalents Investments Due From Other Funds Other Receivables Other Prepaids

TOTAL ASSETS

$923,859 0

3.769 0 0 0

$927,628 ,

$817,239 0

3,768 0 0 0

$821,007

$480,047 0 0 0 0

228.635

$708,682

$324,609 0 0 0 0

222.054

$546,663

LIABILITIES

Current Llabilltes: Accounts Payable Due to Other Govemments Unearned Revenues Due to Other Funds

Total Current Liabilities

$713 0

210,370 0

$0 27.705

0 0

$64,865 0 0 0

$0 0 0 0

211.083 27,705 54.865

Long-Term Llabilltes:

Claims and Self Insurance Losses Liability

Total Long-Term Liabilities

TOTAL LIABILITIES

NET ASSETS Unrestricted

TOTAL NET ASSETS

0

0

211.083

716,545

$716,545

. 0

0

27,705

793,302

$793,302

2.417,921

2,417,921

2.472,786

(1.764,104)

($1,764,104)

2.153.400

2.153.400

2,153,400

(1,606.737)

($1,606,737)

See accompanying independent auditors'report

83


Supplementary Individual Fund Comparative Statements of Revenues, Expenses and Changes in Net Assets - Proprietary Fund Type - Enterprise and Internal Service Funds

For the Year Ended June 30, 2011 with Comparative Amounts For The Year Ended June 30, 2010

REVENUES Tax Collection Fees Insurance Proceeds

TOTAL REVENUES

OPERATING EXPENSES Claims General Administration Plant Services

TOTAL OPERATING EXPENSES

OPERATING INCOME (LOSS)

NONOPERATING REVENUES Interest Income

INCOME BEFORE TRANSFERS

Transfer In Transfer (Out)


Enterprise

2011

$458,086 0

458,086

0 . 430.916 50.472

481,388

2010

$448,682 0

448,682

0 379,841 51,839

431,680

Intemal Service

2011

$0 2,123,764

2,123,764

2,208.973 72,905

0

2.281,878

2010

$0 1.955.978

1.955,978

2.715.046 77.572

0

2.792,617

(23.302)

22,941

(361)

0 (76.396)

17.002

20,218

37.220

0 (68.396)

(158,114)

747

(157.367)

0 0

(836.639)

1.197

(835,442)

0 0

(76,757) (31.176) (157.367) (835.442)

NETASSETS, Beginning of Year 793,302 824,478 (1.606,737) (771,295)

NET ASSETS. End of Year $716,54S_ $793.302 ($1.764.104) ($1,606.737)


84

Supplementary Comparative Statement of Cash Flows Proprietary Fund Type - Enterprise and Interna) Service Funds c = = s g = g g = = c c e c = c = = c o c s c s K t c E S s c c c s c c c s s s g es==sKt :=ss=S( :Rs=s=oE= :CCSSS«BS= BS SSE For the Year Ended June 30, 2011 with Comparetlvo Amounts For tho Year Ended June 30, 2010

CASH FLOWS FROM OPERATING ACTIVITIES; Cash Received:

Tax Collection Fees Premiums

Cash Paid: Prepaids General Administration Expenses Plant Servi(»s Claims and Accounts Payable Other Funds Due to Other Govemment Liabilities

NET CASH PROVIDEDfUSED) IN OPERATING ACTIVITIES

CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES: Cash Transfers In Cash Transfers (Oul)

NET CASH PROVI0ED(USED} IN NON-CAPITAL FINANCING ACTIVITIES

CASH FLOWS FROM INVESTING ACTIVITIES: Cash Received for Interest Income (Purchases}/Sales of Invesiments

NET CASH PR0V10ED<USED) INVESTING ACTIVITIES

NET INCREASe(DECREASE) IN CASH S. CASH EQUIVILANTS

CASH. Beginning ofYear

CASH, End OfYear

Enterprise

2011

668.456 0

0 (430.203) {50.472)

0

0) (27.705)

2010

448.682 0

35,411 (379.841) (51.839)

0 1

(1.938)

Intomal Service

2011

0 2.^23.764

(6,581) (18,040)

0 (1.944.452)

0 0

2010

0 1.955,976

3.454 (77.572)

0 (1,965,095)

0 0

160.075 50,476 154.691 (83,235)

0 (76,396)

(76,396)

22,941 0

22,941

106.620

817.239

$923,859

0 (68,396)

(68,396)

20,218 0

20.218

2.298

614,941

$817,239

0 0

0

747 0

747

155.436

324.609

$480,047

0 0

0

1.197 0

1,197

(82.038)

406.647

$324,609

Reconciliation of operating Income (loss) to net cash provided (used) by operating activites:

Operating Income (Loss)

Adjustments to reconcile operating income (loss) to net cash provide by (used) in operating activites:

($23,302) $17,002 ($158,114) ($836,639)

Changes in: Prepaid expenses Due to's and payables

NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES

See accompanying Independent auditors' report

0 183.377

$160.075

35,411 (1.937)

$50.476

(6.581) 319.386

$154.691

3,454 749,950

($83.235)

85

CAPITAL ASSETS

86


Supplementary Comparative Schedule of Capital Assets - By Source

Asof June 30, 2011 and June 30, 2010

CAPITAL ASSETS

Non Depreciable Assets

Land

Construction Work-in-Progress

Depreciable Assets

Buildings and Improvements

Furniture and Fixtures

Subtotal Capital Assets

Accumulated Depreciation

CAPITAL ASSETS NET OF ACCUMLATED DEPRECIATION

2011 2010

$2,283,022

$1.789,491

133.436.761

7.120.259

140,557,020

(76.696,262)

$63.860.758

_$2.283.022

$812,340

132.287,660

6,505.925

138,793.585

(72,816.421)

$65.977.164

TOTAL CAPITAL ASSETS NET (For Reconciliation Purposes) $67,933,271 $69,072,526


87


Supplementary Schedule of Changes in Capital Assets By Function and Activity


FUNCTION AND ACTIVITY

Administrative Instmctional Maintenance Construction Work-in-Progress

Capitai Assets

Juiy 1, 2010

$8,627,381 129.262.817

3,186,409 812,340

Additions

$64,370 1,276,574

459,084 2,126,252

Subtotal Capital Assets 141,888,947 3,926,280


CAPITAL ASSETS, NET OF ACCUMULATED DEPRECIATION

Deductions

($6,634) (29,959)

0 (1,149,101)

(1.185,694)

Capital Assets

June 30, 2011

$8,685,117 130,509.432

3,645,493 1,789,491

144,629.533

(76,696,262)

$67,933,271


88


Supplementary Schedule of Capital Assets - By Function

As of June 30, 2011 with Comparative Total Amounts for June 30, 2010

FUNCTION AND ACTIVITY

Administrative Instructional Maintenance

Total Capital Assets Allocated to Functions

Construction Work-in-Progress

Subtotal Capital Assets


CAPITAL ASSETS, NET OF ACCUMUU


Land

$86,495 1,998,987

197,540

$2,283,022

) DEPRECIATION

Buildings and

Improvements

$7,892,470 123.462,818

2,081,472

$133,436,760

Furniture and

Equipment

$706,151 5,047,627 1.366,481

$7,120,259

2071

$8,685,116 130,509.432

3,645,493

$142,840,041

1.789.491

144,629,532

(76.696,262)

$67,933,270

2010

$8,627,380 129.262,818

3,186,409

$141,076,607

812,340

141,888.947

(72,816,421)

$69,072,526

89


- i - •• /'-••fig

.MM

Til .^ . •

Statistical Section

STATISTICAL SECTION

90

statistical Tables This section ofthe School System's Comprehensive Annual Financial Report (CAFR) is a source of information regarding the School System's economic condition. It presents detailed information for understanding what the information in the financial statements, note disclosures and required supplemental information says about the School System's overall financial position. All of the information presented in the statistical section.is organized around five specific objectives.

Financial Trends (Pages 92 - 96) These schedules contain trend information to assist the reader in understanding howthe School System's financial position has changed over time.

Revenue Capacity (Pages 97 - 104) These schedules contain, information to assist the reader in understanding and assessing the School System's major revenue sources.

Debt Capacity (Pages 105-109) These schedules present information to assist the reader in understanding the School System's current levels of outstanding debt and its ability to issue additional debt in the future.

Demographics Economic Information (Pages 110-112) These schedules offer demographic and economic indicators to assist the reader in understanding the environment in which the School System's financial activities take place.

Operating Information (Pages 113-121) These schedules contain service and Infrastructure data to assist the reader in understanding how the information In the School System's financial report relates to the service the School System provides and the activities it performs.

91

CO {5

B 3

in in n in in ^ f^ CM CO (D CO 1-S se" 8" §" T- CM •<- ••-co" " CM" »-'

849.

299

537.

886

,024

.001

,1

40,6

40

1 = "^ f|s8 t 3 2 "

CM

in

CM'

• ^ "

O CO 00 CM ( O O O " co" CM' r

f^ (D O 5 K CO «- to ^ O) CM t-~_ CO CM" *-' in CO in CM CJJ t^ • O CM in" CM' CJ -r^

S CM in h- 1-f' oo o r* OJ CO o T-co" to" to" r-" CO to CO OJ in cn CM CM o' to' CM* "-*

O CD f CM to •«- m »n CM to in o CM" •*" to" CM' CO in OJ o o to OJ co' in CM' *-' in T-1A

^ (» CM O) t- ^ CO h-OJ (O r^ CO to* to' r " CNI* to 00 CM CM in •»- ^

f- (O h- CM O O in (D r h-00 tj> in o r-' o* OJ" •"

^ CM to f oo CM CO to cn o CM ^ O) 00 T- O T- t

O ^ to CO •<-OJ" CD" CM" T-" in r -

^ in in Ol h- o in CO o 00 cn oo to T- OJ CM a i T-* I-' m' r-* in f- in CO T- CM to CD CO o>" K CM' T-"

( O O h - r - i n c M C M c o r ^ o ^ r ^ t o c o ^ o c o o C M o o o t o m i n m i-_ CD cn tJ) h-_ CM CO oj_ in co' *-' r-' T^ eo' in oT r--" in* co"

— - ~ - — cn i n co"

' i ^ -1^ ' ^ \ - j \ i / U ' 1 ^ c o ^ o o i n o j t o c M r - h -^ CO to h- (D * - 00

r ^ o o t o ^ - o ^ < - C M T-* ^ * r-T N." V en i n in* co* ( D i n c o o j C M N - e o ^ ^ i n c M c n h - t o c o t o » T -

CM CM CM O CO

S CM i n t o •^ to f^

r * - C M « 3 T - 0 1 - , , , , . , _ . . o o o t ^ C M o o i n r - n c M i n t o v - t O C M i n C M t O C O O - ^ t O f ^ h-* r»-" v " "o-" m" co" m" co" co" r*-" co' T - C O ( J > e O O ( D T - 0 ( 0 t^ c o c o o o r » . m o j ^ t - co CM" CM* T-" m" V h-'

Cl i n T- (D i n _ c o c o e o c O T ^ f ^ c o c f i i n t O

to" cn o ' CM* • * ' CM" ^ ' r-' cn oo" ^ * r ^ ^ N ^ - i n c o r ^ t o t o »n e o i n o o h - c o o j t o * -CM" CM" T-* i n •^" 00*

( D ' - T - C O ' ^ r - C M ' i - ' ^ O r » - > n i n ^ ( D t D t ^ i n r ^ 0 > C 0 O _ ( D O r ^ C 0 0 J C M eo" t n i n ^ ' h-' r^" co OJ" to" o > r - t o t o h - ( O t - c n t n o j t o t n c o i ^ c D O ^ - ^ CM* CM" i n •** T^ cn

T - t O i - r - ^ C M i n r ^ c D C M O O c o t o c D ^ m e o c n o o CM t o o t ^ c M t o o i n t o c M cn (D r-" CM" in" to" CM" •«•" ^ " CM" f^' o t ^ c o i n r ^ ^ t o t o o ) to C M O O O t O C M C M O O T -co' CM »-" r~" T-' in" T-" o "

o o c o t o e o r ^ o j c M ^ f - t ^ r ^ C M m r - t o c o e o c o c n i n f - < o r ^ t o c o t o ^ o ^ o t M c o r ^ CM" CM" t^" tn* in* 5 * o * t»-" 5 co" •^" C O C M h - O O O r - ' . - C O C M t t l C0_ U l r-^ t^^ ^_ i n CM xr ^ CM ^ t O ' — c o » - i n T - T -

OJ T- CM 00 00 CM 01 CO ^ T -t o t n CO " ^ CO

00 ^ ^ " CO*

CO OJ CO <D (O CM

S CO i n CO t o o> T- CO (O CO CM

oci to" in r*-' O - ^ y -

o i n CM Cl (D T-" T-"

c M h - t o t o i n c o c O T - r - O J m" cn t n to" ^ ' • - " eo" a i • * t D C M i n c o i n - ^ C M t n t n C O ^ O O O C M C O ^ ^ CD' to" CM' t n r-* t o ' r-* o "

S cM cn tn in 00 CO to h-

co_ CM oo_ 00 eo •*' Cl r-" CO co" CM r~ T- • g-cn CO in CM o

r- CM cn CO ^ CD O t o h- CM h - (3) o CD cn CM" CD' t n in" co" t n g CM t n CJ CM i n tn •<-

JR (D

r-

co 0 in" w

c6 in

S"

it >-

I « I «

0.£ gn ? £ 9 c

M •s w « .a E 3

z

3

(0 ^ SL 3 c

^ 0) O) (0 Q)

> <

92

s

h- O CO m CO CO O , CO_ « -CD* CM' CM'

5 a > CM CO CO

CD o m" CM T-

%s^ CM T - T -

OJ* to" CM* O OJ CM

N-* r-* CD T- CM w

m o t o cn* CM •«•.

^ i n w

g ° °

o o o t o

O l

i O l t o o

IO c j " CM

K : $ S

§«s 69

g IO

o o r^ t ^ « CO CO

o o OJ* tn o o lO to

CO C3J O ^ t o CM c \ t q c5 t o ' CM' CO'

to" o ' h- '

s § $

O O CO CO

r - rr-

E Io

to

co"

5 0 ( 0 00 cn CO CM h - T-_ r -OO' Oj ' r-" IO CO o *T. R. '^ oo' CM' h-' CO 1 - CO

&»

1 ai CM t o

r oo t A

SS lO* IO*

5S

o cn CM

2" i

t o o *_ g ^ CM"

-* 6»

lO CO

C3J'

-* t o cn

lO

S ,_ CO o r-" CO

m lO T-_

h- '

o cri cn v>

CM C l

CO

r - m CM CO r - CM oo_ co_ o> h-" CM" T-* ^ eo O cn o T-

^ ^ ^ ¥ i

P> (D CM' CO

s v»

o «A

o o CO CM_

ai CO 00

o CO M_

ai CO 00

s CO «r-h-Oi

sj T- l v>l

CO O lO CO 00 o CO CO IO - * co" CO* t - T - iO T- CO r-. O co" CO* t o - *

00

h-OJ CO • *

t o o T -

»

O O 00 00 CO

•"J-* • * • * CM CM T-00 co l r o

CO ^ oo CM IO oo IO ^ CM CM' m' CM' h - h - N-lO CO ^

i '^i »

IO (O fH o CM

^. co' o w

CM OJ >t

,273

, ,7

45,

,641

,

r OJ IO

o"

s s

C0_ CO

co' co' £8 to"

CM

5" •r-6»

t o t o

5S CDttJ

s N. '

CO

•s O ro

P o

> c

tu U

CU c

< -e (U r i u m

> o « „ "

S « ° ^ H •- QJ

3 o CQ P

cc

^ o CM

o' CO

1 i ^ ro £ QJ , y •Js - c

a s « w w , ^ o c •K 0) ' E

(0 0}

II ^1 •D C C CD CD C c: ' ^ O T)

Q OJ w c g :| y> cr c £

15^ 1.2 il ? ^ CD'S ' c

W 0)

1^ c to

(0 «

^!2 c o (D ^ C O

ir « CJ 0 )

g £ ^ o

".i" •*-' fl)

c *-E ^

w ^

(n Si tf J2 "o

fil C C 0} o to b

s = ^ S "^ ^ c _o « C (fl o Q) -O '? "5. 5 £ P d) & • - C (0 gj TJ (0

o ra a S o ^

fdu

e

en

tci

fund

reaf

te

tate

m

an b

y

0) W £

£ . 2 r

and

. T

h

athe

CM M • -o o « o o -o CM CM C

eo'-^

yeai

ie

3

lajo

r

labl

e fo

r ct

ive J

ul

vidu

al m

avai

l ef

fe

indi

.2 42 ^

ition

m

en

tion

t o C CD

form

ov

er

form

£ o.e

93

TANGIPAHOA PARISH SCHOOL SYSTEM - AMiTE. LOUISIANA

Chsnoes In Net Assets

Last Ten Fiscal Years

GovemmontBl ActhrtUes Expenses: triEtruction:

Regular Educatloii Proa rams Spedal Education Proorams Vocattonal Education Proorams Other Instructional Programs Spftdat Programs Adult Education Programs

Support Services: Student Services Instructional Staff Supoort Ganeral Administration School Adndnistratlon Business Senricas Plant Services Central Servlcet Student Transportation

Food Seivices Community Service Programs AmortlzaSon of Bond Costs & Discount Unallocated Oepredatlon on Fadnties Unallocated Loss on Retired Assets Interest end Charges on Long-Term Detil

Total Govemmental Actlvftles Expenses

Buslnesft-Tvpe ActMHes Expenses: General Administration

Total Business-Type ActtvUes Expenses

Total Expenses

Govemmental Activities Program Revenues; Charges lor Services:

InstrucSon Student Services InstrucSonel Stall Support General AdmNttratior) School Administration Business Services Plant Services Food Services Community Seivlce Programs

Operating Grants and ContrOxitlans Total Govemmental Activities Program Revenues

Business-Type Actlvftles Program Revenues General Administration

Total Business-Type Activities Program Revenues

Total Program Revenues

Nel (Expense) Revenue

2011

$70,638,419 19,707.869 2,881,451 2.328,135

10.105,332 127,835

8,810,092 9,974,226 2,200,380 0.400,816 1,307,601

14,911.401 2,549.015

12,532.625 10,755.444 4,329.893

4.148 2.966.237

0 541.701

186,173,629

461.386 481,388

186,655.017

186,640

1.227,959

40.758,078 42,172,877

458,086 458,086

42,630.763

2010

«6,77e.299 20,759.431 2,814.761 2,410.214

11.776,022 156.831

7,416,988 8.780,118 3.665,097

13,688,404 1,271.871

14,871,531 2.226.346

11,840.094 10,384.885 5,794,637

4.148 2.896.511

12.882 729.403

188368.471

431.860

431.680

188.701.151

0 0

175.761 0 0 0 0

1.384.000 0

45214.821 46,754,582

448,662 448,682

47^3,264

2009

$86,610,500 30,590.628 2,633.769 2.524.072 2.066.925

229,682

5.385,293 8,877,027 1,542,220 9,390,381 1.326.059

14,729,707 2,284.796

11,798.711 9.899513 S.828.004

4.148 2.650.862

69,340 1.166,418

179.916,657

l«3?309

438,208

180,354.865

41.558 0

225,415 0

14,616 0 0

1,486,180 0

42,052,457 43,820,228

478.686

478,686

44.298.912

200S

$64,079278 27.636,844 2,872,006 2,422.879 4,780,523

355.188

5.057,889 8,072.414 3.065,517 8.976.378 1,651.487

12,800,912 1,604,105

12,871,535 10,567,883 5,749,091

4.148 2.183.678

1218295 176.170.072

405.547

405,547

176,575,619

55,490 138.393

0 0 0 0 0

1,435.751 0

41,854,556 43,484,190

478.127

478,127

43.962.317

Fiscal Yea

2007

$56,675,739 23.408.185 2.618.303 1,902,052 4,100,914

387,566

4,484,376 7,432,732 1.712,329 7.878.381 1.390.553

14.102.071 1.515.848

10.405.322 10,778.881 8,968.307

4,148 2,928,139

0 1,489,059

162,403,808

346.101 349.101

162.753.008

77,245 466,547

0 0 0 0 0

1.333.804 0

38.045.647 39.923.343

480,320

480,320

40.403.663

' 2006

$54,075,880 21,843.607 2,553.356 1287.171 3.684,413

407,565

4209243 7.332,857 1212.477 5.469,601

848.806 11,161,154 1,368,644 8,581,630 8,071280

10.688,035 4,148

2,660.514 220,607

1,660,346 149,252,814

326238

326.238

149.578.152

80,627 364,837

0 0 0 0 0

857232 0

49.878.784 51.392.680

464.422 464,422

51,857,102

2005

$47,412,746 21,160,883 2,320,324 2214.504 2.805.633

466.710

3.836.027 5.848,428 1.928,914 5,183.826

827,422 11.124,744 1,471,534 6.683.322 8,351,044 7,413,342

2.074 2,390.627

184.653 2,055,597

135.690.754

329.959 326,656

136.017.410

88.660 124,563

. 3,467 0 0 0 0

1256.731 0

35,135.974 36,619,395

354.896

354,896

36.974291

2004

$46,883,758 18233.678 2.530,070 2,293,029 2,424,880

412,839

3,635,387 5.388.307

672.796 5247,369

750.626 9231,852 1201,226 7.746,783 8287,883 6.154.667

0 2.305227

0 2,936,350

126,336,827

2S&.221 289.331

126.626256

48,540 114,384

6,444 0 0 0 0

1272,367 0

29,941,865 31,383,600

333.977

333,977

31.717.577

2003

$47,156,636 13,306.363 2,299.114 2,148.777 5.638.426

377.364

3,532.382 4,306.873 1,383,805 5.053,351

870,447 7,521286

570.170 7209.136 7,374.828 6,482.890

0 1,842.307

0 2,915,110

120,099,170

> 306.108

308,108

120,405,278

53225 110,490

7.417 0 0 0 0

1.300,033 0

28.823.508 30,294,673

327,378

30,622.051

2002

45,576,472 11,599.857 2,140.344 2256,432 6,014,564

384,534

3.492,552 3,918,805 2.387.439 4,900.919

750.688 8226.496

873.466 6,756.743 7,110,951 5.583298

0 0 0

2,592,457 N/A

fi N/A

WA

13.121 3.046 4.686

312,445 1,874

30 3,667

1213.350 0

25.130,379 N/A

B N/A

N/A

(144.024254) (141,487.867) (136.055.953) (132,613.302) (122.348.346) (87,722,050) (89,043.119) (94,908.681) (89,763227)

Governmental ActhriUes Gerwral Revenues and Other Changes In Net Assets;

Taxes: Ad Valorem (Pnverty) Taxes Sales and Use Taxes I H T a x Base Consfitutlon Tax

Grants attd Contrit)utl«i3 not Restricted to Spedllc Proarams-

MnirTuim Foundation Program E-Aete Grant

Intermt attd Investment Earnings Mbcellaneous

Total Govemmental ActtuSiea General Revenues and Other Changes In Nel i

5224.571 31.322,414

414,438 130,688

89,575.404 1,034.161

484.384 (21.389)

138,164,882

5.671.080 30/470,518

396.757 128218

88.522,030 1.086.800

569.777 24,826

137,881,004

5.630,832 32.589,171

370,464 130,068

98.578.433 0

1,067.755 1,153,336

140.530.058

5,579.882 33.426,118

323.570 128266

94,368,665 684,856

2.045,911 1.166,694

137.727201

4243.747 33.168.015

288.545 111.780

86.683,307 0

3,485,387 4218,864

132,210,645

4.612.552 32.303.665

293.686 111.857

77.467.988 6228

2,126.144 4,335,983

121,258,113

4.722.576 24.375,435

262.505 112,045

73,948,530 242,082

1223.574 678,538

105,566.165

3,829,929 22,865,052

222,306 112,656

71.873.547 335.348 638287

1.540.863

101.518.998

3.774246 22.548.586

216.478 110,853

67.965.622 1,771,437

737.085 1.109238

98,233,545

4.183.781 21,602.346

0 110,322

66,408.538 0

1.361278 1,888,737

N/A

Business-Type /Activities C>«naral ReventiM end OStat Changes In Net Asseis

Interest end Invaetment Earnings Total Business-Type General Revenues artd Other Changes in Net Assets

Total General Revenues end Other l unges In Net Assets

22.&i l 2Q219 16,341 3 2 i S 84.630 44.742 21.449 9.148

22.941 20216 18,341 32.552 84,630 44,742 21,448 6,148

16.667 0

18,667 N/A

138.187,823 137,901222 140,548,400 137,756.753 1 3 2 ^ , 2 7 5 121.302.855 105.587,634 101.528.146 66,252212 N/A

Change In Net Assets ($5,836,431) ($3,566.665) $4.482,447 $5,146,451 $9.945.929 $23.580.805 $6.544.515 $6.619.465 $6,466.965 N/A

Source: June 30,2011 CAFR

Note: (1) Inlofmatlon is avtdlable lor years 2002 and therealtei due lo the implementation ol GASB Statenwnl No. 34. Basic Finand^Smtomonts • andManegewenrB D/Jcussfon and Analysis - to Slate and Local Govammmls,

effective June 30.2002. This statement creeled new basic Anancial statements tor reporting on the Scttool System's financial actMtes by requirtng hind flnanctal siatements which present Inlormation lor individual maior funds rather Dian by lund type as pre^ousiy presented.

94

1 (0 1 •o c D u.

f 1 : il

• 11 a il

g 11 O }j

B 11

CO i i

11 •CP " C II

e ro 0) >-T u .

1 w

(O f -

S CM CO

Q o o o " m ie

n CD <o o f

^ «-

o to CO OJ' (TJ t ^

lO t ^ (O IO

o> o O) CM OJ CO o>" co" OJ o t ^ If) co' i~" » 1 -

OJ o OJ •M-CJJ CM Oj' co" CM a> r - (o to' r-" M CM

o>

(0

•»" a>

s to"

CM m •M-co" CO

CM

03

i

O

fO'

in"

CO

<D'

1 1 —

i s to" o '

•* ' CD

CO t o N- CO CO'CD

CM co"

if co" to"

03 OJ

CO oo

OJ CM

to"

CO to to CM

S

T -

to oo CO T -

t a

to CM CM_ to" o

<D

O 03 OCJ to"

t o eo o r--" CO lO CM'

in !? oo' cn

CM*

O CO o r--o in o" eo"

3£g o co"

cn CO

CM"

5 3 §i to' N."

r* CO

a i t o CO oo'

(O CO

»-o>'

00 lO'

^ h-_

•— (O CM to '

O) o T -

co"

s h-'

s oo oo* CM

^ to '

o

^ o m" o o

a" T—

•-OJ

^ t-.

^ CM t o CO 03* CO OJ

R

s t o co" CO

a

1^ to r^ (D CM N. to* T-* CO »-CO »-O* 00*

s ; j t o 1 -o " CD" ^ CO h.. o CM* CM*

r^ to

^fe ?;s CO CM CM" CM'

CM t o

to ^ rC o ' O CM •<r l o CO »-

r- CM CO CM ^ . 00^

OJ o IO o •** CO*

^ CM to IO -<r OJ

s'§ CM* to'

t o

s to*

c 2

| i c

O

Is

ro c 0) E E o -S

l ' € ^ IISIB

.oE

E o

2

11 .2* o

Ipl « 5 to O

"i <u c

5°= =

TANGIPAHOA PARISH SCHOOL SYSTEI^ - AMITE, LOUISIANA

Changes in Fund Balances of Govemmental Funds

Last Ten Fiscal Years :E==c=e== 3e====s=

REVENUES Local Sources:

Ad Valorem Taxes Sales and Use Taxes Other Taxes Tuition Investment income 1%Tax E-Rate Grant Other

State Sources: Unrestricted Grants-in-Ald Restricted Grants-in-Aid Base Constitution Tax

Federal Sources

TOTAL REVENUES

2011

$5,224,571 31,322,414

186,640 483.637 414,438

1.034,161 2,150.189

99,575,404 1.776,660

130,899 39.105.050

181.404.063

2010

$5,671,080 30,470,518

175,781 568,580 396.757

1,098.800 2.629,420

102,586.205 362,442 129,216

40,547,610

184.634,389

2009

$5,830,832 32,599.171

225.415 1,064,819

370,464 0

2,695,690

99.578,433 9.433.594

130.068 32,618.883

184,347.349

200B

$5,579,882 33.426,118

193,883 2,037.753

323.579 684,856

2.799,328

94,368,865 n.406,278

128.296 30,448,278

181,397.116

Fiscal Year Ending June 30,

2007 2006

54,243.747 33,168.015

316,869 3,444,585

288.545 0

5,780,691

86,893,307 3,609.366

111,780 34,436,281

172,093.186

$4,612,552 32,303,665

455,664 2.078,765

293.686 6.228

5,212.308

77,467,998 3,500,285

111,857 46,479.499

172.522.507

2005

$4,722,578 24,375.435

228,690 1.201,812

262,505 242,982

1.035.269

73,948.530 2,955,182

112.045 32.180.792

142.163,818

2004

$3,829,929 22,965,052

169,388 631,357 222,306 335,348

2,813,130

71,873,547 2,173.520

112.656 27.768.345

132.894,558

2003

$3,774,246 22,548,586

171.132 723.239 216.478

1,771.437 2,409,271

67,965,622 4,449,280

110.853 24.374.228

128.514.372

2002

$4,183,781 21,602,346

187,866 1.300,440

2.928.672

66,561,275 2,517.741

22,583,026

121.865,347

EXPENDITURES Cunent;

Instruction: Regular Education Programs Spedal Education Programs Vocational Ed Programs Other Instructional Programs Spedal Programs Adult Ed Programs

Support Services: Student Services Instructional Staff Support General Administration School Administration Business Services Plant Services Central Services Student Transportation Ftxjd Services Community Service Programs

Capital Outlay Debt Service:

Prindpal Retiremenl Issuance Costs interst and Bank Charges

TOTAL EXPENDITURES

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES

OTHER FINANCING SOURCES / (USES) Transfers tn Transfers (Out) Accaied Interest Paid Discount (Premium) Proceeds from Sale of Fixed Assets Proceeds from Note Receivable Collection Payments to Escrow Agent Bond Proceeds Issuance of Debl

TOTAL OTHER FINANCING SOURCES / (USES;

NET CHANGE IN FUND BALANCES

$67,142,265 19,693.949 2.979.769 2.323.582

10.027.735 127.835

8,610,992 9.973.864 2,038,022 9,400,662 1,305,718

14,780,031 2,509,194

12,175,861 10,625.670 4,329,893 3.261,988

5.040.000 0

587,256

187,154,288

(5,750.223)

6.198.001 (6.121.605)

14,200,000

14,276.396

$8,526,173

66,627,429 20.754,276 2.813,592 2.410,214

11.709.202 156.631

7.416,988 8.759.378 2.826.144 9,353.938 1,270.055

14.788.326 2,186,525

11,491.905 10,265,759 5,794.637 2,787,610

5,208,333 0

788,298

187.409,240

(2,774,851)

6.053.372 (5.984,976)

0 0 0 0 0 0 0

68,396

($2,706,455)

66.495.432 30,584.839 2.633.769 2,524,072 2,024,740

229,682

5,395,293 8.875,498 1.540,781 9.390,228 1.324.104

13.601.159 2,243.777

11.436.396 9.666.856 5.828.904 2,458.602

5.524.694 . 0

1,238,536

183.217,562

1.129.787

6,432,013 (6,356.442)

0 0 0 0 0 0 0

75.571

$1,205,358

83,947,526 27,656,146 2,671.898 2.422.879 4.744.863

355.188

5.057.889 8,070.886 1.661.213 8.976.206 1.649,363

12,336,992 1.554,309

11,682,929 10,410,229 5,749,091 2,761.665

5,485.939 0

1.322.856

178.518,065

2,879.051

6.272.619 (6.198.450)

0 0 0

0 0 0

74.169

$2,953,220

56.592,444 23.404,779 2,817,714 1,902,052 4.098,491

387.568

4.494.379 7,431.546 1,290.494 7.877.311 1,389.668

12.298.429 1.510,633

10.387,116 10.688,710 8.968.307 3.857,835

5.947,624 0

1,609.115

166,954.213

5.138,973

5.356,299 (5,302,522)

0 0 0

0 0 0

53,777

$5,192,750

54,205,769 21.842,025 2,552,767 1.297,171 3.681.990

407.565

4.209.243 7.332.957 1.205.962 5.469.601

848.806 14.429.819 1,366.455 9,564,530 8,903.156

10,688,035 5,885,374

5.599,963 0

1,753,649

181.244.837

11,277.670

4.318,864 (4.269,261)

0 0

80.907

0 0 0

130,510

$11,408,180

47,297,006 21,159,100 2.319,090 2.214,504 2,803,410

465.466

3,836,027 5.845,637 1.271,082 6.183,826

824,901 9.322.007 1,466.310 8.663.486 8,351.044 7.343,480 7,275.389

5,275.425 82.485

2.003,906

143.003,590

(839.772)

3.806,493 (3,759,630)

0 (41,968)

0

(4,485.000) 4,660.000

0

179,695

($659,877)

46,612.186 16.232.425 2,528.817 2.292.875 2,423,658

411,624

3,635,387 5.388.307 1.191.973 5.245,603

750.826 8.719.111 1,197.305 7,703.294 8,220.600 6,154.667 4,875.031

5,137,728 92,325

2.319.575

133,133.317

(238.759)

3.168.213 (3.141.351)

0 0

100

0 6,600,000

0

6.626.962

$6,388,203

47.011.186 13.305.714 2.298,093 2.148.777 5,635.944

376,335

3,532.382 4,306.873 1,139.928 5,052.151

870.447 7,483.581

567.345 7,172,296 7.323,729 6.482,890

10.619,469

4.791.843 304,365

2,802.848

133,206,196

(4,691.824)

3.413.907 (3.380.963)

10,266 0 0

(11.276.104) 10,855.000

(377.894)

($5,069,718)

45.136,384 11,596.602 2,138.712 2.256,432 6.014,594

383,290

3,492,552 3,918,805 1.128.196 4,899.468

750,688 7,642.394

973.496 6,712,211 7,047.586 5,593,298 7.589.057

4.250,245

2.599.559

124,123.569

(2.258,222)

3.862,076 (3.836,775)

11,215.000

11.240.301

$8,982,079

Debt Service as a Percentage of Noncapital Expenditures 3.06% 5.89% 6.44%

Source: June 30. 2011 CAFR

96

Csl

S CM* CO

TT t f T -

o O) t ^

Ul t ^ cn Q CM CD

tD

t o f^" 00

CO CM (0_ N-* Ol to_

o i n to eo CM 1 —

1

s

?;; S ?3 {^ g . eg CM r- -r- r -

$938

, 11

.274

, 35

2,

171,

62

8,

1.04

3.40

6

1.48

8.59

2

224.8

11

169,

368

1.

106.

258

t - r* t o CM* f^" r-.'

,-*CM-

CM u> i n

s g ^ CM .^- CJl T-' to '

isg CO gj" og" S m 00

<D o

§' "

§§ ^ t o

o> o

to ' i n

CO o

oo o CM OJ" n io_ T -

»

o IO

to h-r-

lO •«f I ^

^ r^ •V to*

t o CO 1 ^ CD*

"* fH t o

oo lO t n CM* i n

_ r~

t o UJ CO t t i o t o

CO 00 00 co" 0>

t n T -

^ i n "

?:j

1 co' t o t n • i ~

»-O) Cl r-' (O r^

eo to CM_ <i— 1 —

CM i - ^

CM

i n

s Q t o tjT

U3 C» CD ^ CO

^ I f i CO* m ' 1-" r^ CO CJJ h - CO oo CM CM ^ •*-* - ' i n CM"

eo to*

OJ*

is Si W to

o

^ 1 i

m

to r-*

§ i CJJ*

E i 0)

C

Q :

o

o

co" t ^ oo

U) 1^ rM_

^ to m to ' CD

CM CM ID in" to at r«.' to

(D CM' 1 — ^ •

,— CM r-«n' to tn

^ to i n t n t o o co'

s IJ-CM r

CO i n eo"

co"

CO

l::'

t o

g g

1 •g-"

5 CM"

1^ U) CO

CM t o

^'

s CM CO i n

s g

s CD

03

s

g

t o CO

t a i OJ

8 CM' CM m tJj" OJ

s Ul"

IS g

CO

s s" *—

t o

CM

g

OJ tn 00

8

CO

c»

co"

CM

5 CM'

i i

2 ^

« .Q 1 p

pel $ Ui 3 tc

§ (O* T -CM

g CO

i

CD OJ It) tx i CM OJ

^' f -

• *

in OJ' i n

^ oo' r

OJ

03 t - - ' i n CM r-" CO

^ Ol r eo* t —

CO o o T »

s t o (0 CO* o "" 00 GO to co' *-o

1 t o

^ t—'

o OJ OJ* OJ

^ CO

to' i n

CO

o OJ" U) r-co'

r

-o o ' CM CM

C«J OJ oo m" eo ^

s" CM

s ^ oo' r— CM

CM

s OJ"

^ f ! i

97

<

o

-w

c 0) •D

CO I— 0) Q. •D

3

o o X o CO X CO Q:: < Q.

g X < CL

O z < 1-

•c

a Q. =1 (0 15 8 _| "D C (D c o Q. a 3 CO (D

ra «

s I CO

S ! = I

S5 ! L. I

iS: i

o c M c o c N T - o i n T - r - . ' ^ O ) c o c o c M C N ( a > o o h - h - L n c o i o O C D C D C D L D t ^ h - f ^ r ^ ^ - r ^

ro w

c M c o t - c s i r ^ m c M O i i o c D O r ^ r o c o r ^ - O t - h - o o i o c o o

I un in CD CN u:i_ (0_ 00 CD CM_ I CD" <D" CD' CD' in" in 'sf" M-' -T* ' ' '

-o C-T

il 0) c 0) CD

,, r

•n -1 * C/)

rn H) l l

. t i

c: (l> Q . X

LU

T-'^r^coooinr*-cNth-cocM C O T - T - T - C O G O i r r - ^ - r - C O ^ o> o h- CD m tn V- m ic r-_ fC o" f ' oo" CD' T-" o" oT a> CD' O " o r ^ t - T - m c D c ^ c o T - c o ^ •<j-mT-coo^cJ>coh-oN-_ co" o' CO T-" CD' O)" f ' in in co' r ' C N C N C M C M O O O O O O O O C O h -

c tr a>

^ o ^

^ ( g

C O O ^ r ^ C O C N C M C O C O O C O O T - h - ( 3 > C O C O ^ O > C M t ^ O CO CO ^ CN i n o oo_ a> o _ h - CD_ u i i n ' i n i n ^ " ^ ' co" co" ' ^ ' co ' co'

o a a D

CO (D ra

CO

^ o o ) CO r^ oo o O CO CN C3> O CJ) CO • ^ o CJ) CO CO en t o m" CN" ^ " CO* co" r^" oo' h - CN CO C3) c:) CD ^ i n i n cD_ <D_ CD_ TT cn <J>' O) CN 0>" CD ^-" co' 0> O) O 0> 00 1 ^ 1 ^

CN CNi CD 00 o 00 CD i n CD_ T-^ O) O o" V-" CD' CO' T - CO CN C3> r o m CN CM" •*-" h - ' i n r^ 1 ^ CD CO

(/)

o V - I O T - C D T - C 0 r ^ ^ C D C N T - I ^ ^ T - t O t - C N N . _ r ^ ( ^ O O C n O C N C N C D C 3 ) T -

oo' od" oo" co" co" CJ)" CJ)' oo" N-" h - ' oo"

t (A j ^

is I g I (A I ra

ro

T - O O O O h - C D i n ^ C O C N ' -^ T - O O O O O O O O O

o o o o o o o o o o o C M C N C M C N C N C N C N C V J C N C M C N

98

a: IL.

<

o CN

o ' CO

c

< z < CO 3 <1>

o LU

2 <

1

S LU

te >-CO - J

o O X

o CO

X CO

0 1

< Q. < O X

O z < K

TO c 3 (0

c •9 ^

8 -o c ro ^ > 0)

- J

X

^ Q. O

CL -i -(0

"O

\ s 1 ni

1 o 1 j 1 -1 w ) ro 1 _ j

B ro Q

c o

'4—1 o OJ

o o iS o H

c:

a.

N P s P s P Np o * ' e ? * t r ' o * ' _ _ „ _ C J ) c o r ^ ^ o q ( j > c N < N ^ o o c 6 c 6 o d a ) h ^ c d o > c 6 c d r ^ 0 ) O 0 ) a ) 0 ) 0 ) 0 ) C 3 > 0 ) 0 )

TJ

5 X

< ro

i n c o i o c o c o r ^ c j > c o T - c D ^ r * - . C J ) C 3 ) C D C 7 ) t O ^ C D C D CO i n 00 o CO "

a i oo" vo" ^"^ CD o o T- , ^ . CO T- CN CO O) 00 cn" oo' in o ' cd" co CO CO CO CO CN CSJ

CN

CD' '5-"

•^ in

oo^ 00 QO m

O i co" CD" r - ' <i3- ' I t r^ •<-( ^ r - C3) T -

^ ' o ' cn oo' CM CN T - r -

C 0)

cr CD (0

J3 3 CO

ro g

._ o ro ^ o 7=:

^ c N c o i o o o r O T - i o c o m c n c o i n o o ^ o o o c N C N C D T - O l ^ h - C O C D - r - C O C O C D CN ^ ' o " o " o " od" co' o " N T I O ' C N h - h ' C O ' - O O J O O C N ^ ^ C D T T T - t D C N T - O O C O ^

i i

ro (U >• 8 (/) i i . c •g

o O

4 _ .

1 CD

CL

^

- 1 **— O

o 4 - i

c 3

o

^

• o

o

o

• D

(J

^ *o o X ro K

^ cn h-:

cn

S CD

s." • ^ CN

cn CO

ss l O

CD

cn

CO

^ l O

M-" CO

CO

^ ^ h^

cn

CN ''T

lO" CO 1 ^

^ 00

od O)

00

o CO

CO" CO CO

o" CO

^ CD l O

o>

l O

lo <D CO CO

CN

^ 00

h-'

cn

^ • 1 — .

CD

lO"

in l O

CD" CN

^ t o

od O)

CO CD CD

co' l O IO

CN

^ • ^

CO o>

CO

cn • ^

oo" CD CO

o" CN

^ ^ 00 i n

CD l O cn CF)

i n T -

co o m o) cn" in •^ cn CD CD

cn h-"

O 0)

o - • E x < I -

c n o o o o o T - o o c o h - ^ c o ^ ' 5 j - i ^ T - o o t n ^ o o c o O CO_ CD_ 00 C0_ cn O T- T- CN CN" CN" CO" ^ " h-" CN co" CD TT h-' 0 ) 0 0 r ^ 0 ) l O l O ^ C N O C N o r _ CD <n io_ o) f- co lo O" oo' lO' O ' h-" N." ^ ' ^ " O" oo" ^ C O C O C O C M C N C N C N C s j T -

ro 0) > faro •o c d) ro O

o o o o K c D i n - ^ c o c N - * -t - o o o o o o o o o o o o o o o o o o o C N C N C N C N C N I C N C M C N C M C N

4-<

•D Q .

ro 0? B 8 ^ ^

IS Z . 5> Q.

§ 8 S <" m ra

0) i i E - => o

o 2 > ^

< . CL ^ CD >< X)

£ -2 S O £ tf)

0)

"TO

« <D

< -^ ro c H 0) - (0

« £ ro (D

Q . w-ro "c O 3 £1 O

ro p

ro ^

>. X)

s ro a 0) .Q

S (/) •E 3 O £ ro ^ H

c: O

•a

cu

2 fe rf c CD

E *5 (0

s (0 ro o •« - •

(D 3

i2 c a> E tf) 3

ro

Q O B o O X ro

ra o IE O

8 O (A

' Z l (D

x : CO

(A ' i _

ro Q-ro o Sl ro Q. D) C ro

CM

99

Ml 13 S iS 5 (C < p <

Ext

imat

ed

ctua

l Val

ue

^ 76

7.95

7

782.

316

76

8.68

4

538,

188

849.

504

05

2.19

7

588.

932

90

9,61

5

691.

786

65

2,86

3

v C O O i - O J O J C M r ^ t C J C M rt'-eotJ)«tooeo-«ro> h - l O C > J t O C M O O T r t t N O i n i o i o ' < r ' » ' * f o r o c o c o

1-5 a I-. h-1— h - 1 ^ O J O J O j O t a j o i o J o J a i o J

C O t O C O f ^ - » 5 t O : » O t M T - T - ( 0 ^ l ^ r t * * C O t D ^ e o O i - C M h - c O v e o t o e o §" O) Q " m* CM" CO •*" 1 ^ i n o*

t p ^ h - t C M O l O - ^ f O • M - ^ - ^ t O r t t O t O C M C M C M

E o X

t —

s g

gi T -

i l ?

1 ^

§ to i n 1 - f

i S lO T -

s s s

h-« §

g g

g CO

g ?3SS

^ ^ c o c o t M r » t o u j o i i n m t O c O V O J O Q C M C O g O t o m o J O J f j T ^ o j ^ O J c O h-' CM" t»' o f M g j ' CM* in" to o ftT-QjcM^ojt&cor-eo o m* 1-^ f-' CO ^ * to" to' a i - ' h - ^ T - t o r o f ^ S o j r ^ t Q ( O t D t O l O ' * ^ ' * C O t O «

C O ^ C O r - O J O C M i - < 7 0 Q i ^ Q e o o o o o o o t n o o r v t » « « - o o o r t ^ i o r * t o

S' co" •*" eo ^ ' to" to CO eo CM' o o t o o : 7 9 t o 3 e o c M

i n S o o c M t o t S h - i n ^ C M

s "B

"5

*

« ra

1 in

s. Tl

It ^ s so .

c S t O h - r o i f t c M Q r ^ S ' * C J ' - r * ' * f l o i n o o o o •* ' OJ* P * CM I^' I O ' r^ (*-' *- ' K

i s i s s = gs-.gs 3 ^ ' ^ © i n c o T * c M ^ T -

• ^ • ^ t o t o t o p j c o c o t o

t 0 O t 0 T - C 0 N . C 0 ^ 1 0 C M

( T J c o T - ^ i n c o o o t o - ^ ^

CM CM CM CM CM

5 oo

^^ s § o ra ^ E to ; j

3 ra

SI '5 m

•o S

(X. £

• i s to S

I s

c E

4> a rC: a>

100

(0 o Q- 1-

0 J O > • T ^ ^ ' - Q l O V l O f ^ i D f s j r t o i v i S r ^ o i h ^ N . ^ ^ e 6 ^ - ' ^ ^ . ' 5 ; ^ D f M ( o e ^ ^ r i c o c o c o c o ( o o o o ) e o t o h >

c d c b e d ( { J t D t d c d i D < d ( d

I I

r<- r>- r>- r-.

o o o o o o o o o o

£-ig a.

5 B a H

o

E ^

! 0

.2 I s u . | S a

o > o ( O c o » - f 0 ^ l o ^ - f M ~ ' - l n ^ - • - ^ - c M O 0 ^ < 0

- — — • ' 5 "- CM (O o> to CO r-_ CO

t c o « - c o ( D t h - i n o s e o r t c ' j r ~ » ~ c O ( 0 ( 0 » - c > rt o» V •* OJ. f*-. O CO o . CO

8 v » - C M O > e o » - ( 0 ' - v • - f ^ t f i H l ^ e p r ^ t a

M CM 0) O. oo N-_ IB «- 0_ O) (o in ' V V CO <o (o CO n r>!

i n o > t n u J i p r o p o f M r ^ c M i n « n i * ' n » " ^ ' n o » c o o» to r^ »". ^ . M",»- UJ V o_ O) CO* o* to r-" m" CM' •-" eo" ^" p c M ( o r - S f - * a t n ! - < o c5 o> • - CM eq w. o i»- CO CO to' lo in V co" to (M CM CM' i - '

t O t O ^ C O I ^ t M f O O l C M C M

2 » S C: S S 5g S lo Q*

CO CO « (O CM CM tM

t o t M t o i o t ^ ^ ™ ' * ' E : CM O S O) O, CM_ h-. CD CM, 03

§' CO r»^ Q" r-' m r»-" co » « ( D t O W ^ - C M ^ - T - ^ - g S ^ o> cci lo. (o_ o , o> S.

(o' co' co' CM' CM' CM" CM' CM —' »-'

S ( O T - i - " - C O l O C O O f O ' - ^ C M S : i Q ( C ( o e o

r^ <D tcj (O eo o , o o^ in •-_ v ' h-' tM* to <" "ri op m* V eo' g c M O J Q t 5 ^ i o t M r - « -

1^ CO to CM_ T- oq ro T-_ O , T ' M-" V to' co' ro CM* CM" tsT CM'

I: .E "D

S'E ^

I

^ ^ 11 i^

a>a>o>cno)o>oio>

' - ; l - ; P O ( D C M t O C M O i » -u J t D h ^ e c j i n t d u i c d ( c > r . l

h-; 1^ m 00 r^ *~ CM h ^ r ^ t ^ ' t c J t d t o t o ' c M C M C M

C O t O U J t M O O O Q Q t S i n

o j a i a i o J t n a J o i o o J M '

o t n e 9 r - - ( O k n * ; c o c M < -

s s s s i s i s s s C V t M t M t M S C M C M f M t M C M

CM to CO M- tn ID IO CM »- •- h-r- CM V T- to to

h- O 5 to

t V p t D C M O J I ^ . IO. CMOOJ M-' M-* to' co' CM* CM" CM' CM" CM" ^

r ^ t M Q U J t Q C M l D C Q O l O Q CO in eo in ro. r-_ «i to p

>n a> cn ' i co to ca eg* co o

»ri«fJifJuJ'**»vtoto'V

CO eo to CM CO i q (B oq r—. io_ co CM. O>. to' eo* eo' ^ ' to ^ r-* f " to" tM o o i - T - i o r a c O i n i n i o c o f^h»-tOtMT-r-«-^-i-

§§ (O O CO CM tp to CD to h- m (D 5 o *-(O O) eo IO to CO to

r~N(DtOf~tOO)Ot«-^ t»' tJ) eo' h"' to' <D" IO' lO" •*' V

o m c o i - « p i n * i r > f M —

HSSSSSSSSg C M C M C M C ^ J C M C N C M t M C M C M

101


Principal Taxpayers (Unaudited)

For the Fiscal Year Ended June 30, 2011 and June 30, 2002

Fiscal Year Ended June 30. 2011

Taxpayer

Entergy of Louisiana Walmart Store ZSF/WD Hammond, LLC (Winn Dixie) Bellsouth Telecommunications Florida Gas Transmission Co. First Guaranty Bank Palace Properties Grand Trunk Corp Sprint Spectrum Hammond Industrial Holdings

Type of Business

Utility-Electric Retail Food Distributor Utility-Telephone Utility-Gas Financial Institution Real Estate Developer-Ham Sq.Mall Warehouse Cellular Utility Towers Distribution Center

2010 Calendar Year

Assessed Valuation

$18,564,982 13.717,523 12,124.772 8,970,670 3.617,530 4.552,866 4,632.387 3,691,670 2.893.960 3,621,000

$76,387,360

Tax Levied

$1,665,143 1,095,701

809.119 737.892 315,618 312.928 305,711 293,772 284,071 241.267

$6,061,222

Percentage OfTotal

Assessed. Valuation

9.0% 8.0% 6.7% 8.2% 8.7% 6.9% 6.6% 8.0% 9.8% 6.7%

7.9%

Fiscal Year Ended June 30, 2002

Taxpayer

Entergy Walmart Stores East #489 Bellsouth Telecommunications Sunbelt Dix Properties Corp (Winn Dixie) First Guaranty Bank Charter Communications AmSouth Bank Ohiocubo. Inc. (Super Value, inc.) Florida Gas Transmission Co. Illinois Central Railroad Co.

Type of Business

Utility-Electric Retail Utility-Telephone Food Distributor Financial Institution Cable Company Financial Institution Warehouse Utility-Gas Transportation

2001 Calendar Year

Assessed Valuation

$11,099,490 8,294,812

10.193.864 9,997.009 4,211,843 3.164.626 3.497.950 1,988,799 2.171.130 2,161,020

$56,780,543

Tax Levied

$1,038,217 888.511 887.583 713.608 311.557 285.822 259.460 201.107 178.527 160.723

$4,925,115

Percentage OfTotal

Assessed Valuation

9.4% 10.7% 8.7% 7.1% 7.4% 9.0% 7.4%

10.1% 8.2% 7.4%

8.7%

Source: Tangipahoa Parish Tax Assessor's Office

102

s \ ^ 6

- l i

I » to

sii

0.

i Iii »- tn 1

g^

g^

g^

li

SSSSSS8S88 i h i o i r i i n i r i i n i n u j i n i n

SSSS3SSS88 c i c J t a o b d d c i c i c t

S888S8888S CMtMC^CMoiCMtMfsiCMtM

8888888888 Kiir i tc ' ic j iduJi tJ i r iKJin

8 8 8 8 8 8 8 8 8 S C M C M o i C M P J C M C M t M C J t M

8888888888 i o i o i r i « J i ( J t r i i o i o « j «

S S 8 S 8 8 8 8 8 S C ^ i c M C M t M C M O i C M C M C ^ C M

888S888S8S C ^ C M C M C M C M C - i c M C M C M C M

8 8 8 8 8 8 8 8 8 8

M

i l

• 5 3

g B |

il

li

8 8 8 8 8 8 8 8 8 8 i r i i r i i r i i r i i n i o m i o m i n

8888888888 C y C M C M t ^ i f M ^ ^ i t M t M C • ^ C M

8888888888 i r i i r i i c j i o io i r iu j in r f j i n

S 8 8 S 8 S S 8 S 8 cJCMCMtMCMCMCMrMC^tCM

8 8 8 8 8 8 8 8 8 8 i f i i r i i o i o i r i i c J i r i i t J i o i o

g E m

1 J-

o £ • o

! E

8 8 8 8 8 8 8 8 88 C ^ C M C J C M C M C M C M C M C M C M

8 8 8 8 8 8 g S g g i r i i o i o i o i r i i r i i o i o i o m

SS8SSSSS8S C M C M C J C J e s i c M N C M C M C M

888S888SS8 l o i o ' i r i i c j t o i t j i o ' n i o i o

888888S888 CjCMCsicMCMCMNCMCMCM

i l l HP

illll

liiil 103

•s«.« •au.

O OJ CO

CM OJ 'fl- o> r- h- o o O h- CO 00 CM T CO CM t II ^" od ' r~* to o> OJ o CD CO

r- CD r- r- lo in <•

LU

o ? o w i I § 1 <

1

. •5

t i G P ^ i o t o c o r - CO If)

^ ' tfj" CM to to CO

CM CM

City

of

D.

t °. '^ cb r* 00 r- CD CO CM

^- "'. "- CD OJ to O OJ CO CO ^ '^ CM* CM' CM* CM* " " *

o

CO

; to

tn to

o

5 to

CO

r^ § CD

o oo

i If)

s CM T.

o v i

o CM to* IO CM CD*

^ O co" IO CM"

s to.

^

CO a i

r -

^ CD

i

CO CO OJ CO 03 r- CO c5 r-.f-^i-T-r-.eoc»*g'tDCM CDeDh-t3)t^CD'-t*t-t3>

Io

gipa

hoa

aris

h

oolS

ys

ri

,322

.414

.4

70.5

18

.493

.566

91

3,49

1 19

5.49

1 21

8.29

1 37

5.43

8 97

7,18

4

5°«?5'?5'sisa 5§

Ifl £^5

h- O to

?ico^-. « ^ <. «l n =1 ."".""-

c o t o o t c o ' o r c O T - g o o h - C M f * - t 3 > t - t D r ^ C 0 O J C D o CO o> CO O). r-. to o> o CM_ o ' CD' CM' oo* r-' tn T- r- OJ •<-i o i o t D t n i o r - ' * t o c o ' < f V i

<D *-* CM h - OO r -

^ (0

to CM 3" CD O CO J 5 5^ 0_ tf) tD_ to_ 5; to' co' o> r-* •«-• •-' •^' -fl- IO CM CO - r CD T-

w '"

; ; : ^ t D C D c D C M ^ T - o

S o O C o V ^ t N O O O J r i - t ^ t n CM OJ C0_ 0_ in CM, ^_ 0O_ O) •*_ CO* o" CO* CM ocJ ffi CM" CD' T-' ^ f

CO* m' oo" ^ Ol" h-' 5"* CM' r-" co' V c D C D O O I t o a t D ' ^ O J h > r > - o o o j o o r ^ > o i n t n m

CMtMtMCMCMCMCMCMCMCM

«

104

<, » 3

2 UJ

b

• S I I I

« >-CO

o X o CO X CO

< a.

X < Q. O Z 1 2 2 <i) Q

1 c m c o

.sf CO c

St >» to 0) o z Z. ••- Q) o fi!

R) Q) (£ o

O C M ^ O J t D O J ^ O J C M f ^ _ *- t o r ^ o o c j ) T - t o i o K c o | ^ e o |

5) a O

T - t O t D T - t O v i n t D i O t -T ^ T - ' T ^ C M C M C O C O ^ ' C O ^

o J*^

COCOCO'^COOtnCMOOCO

c M ' * r > - ( N O c o T - t o - < r h -rv." oo" tn* ^ co" • * t o 00 CO TT

SI" h - t - O O ^ C O C O C O C O ^ C O C M r - i - T - C O O ) O C M C O O J (C CO* o" ifj" '*" OO* oo" T-* |C to"

S t O C O C M ' ^ O t J J ^ l O i f J to cn OJ i n CO CO CO 00 T-_

o f CM" CM' CM* CM" CM" CO' CM' (M* to*

o o o o o o o o o o o o o o o o o o o o o o o o o o o o o_o o" m" in' to' o" lo" m' u i to' u t O C n i O ' ^ O O t D O O O J C M C ^ O C D i - t O t O l O T - C O _ C J ) tn" r-" CM* •*' to" h-" <n" r-' to' K

T - T - T - T - ' T - I - C M ' T - T -

^ to CO CM t-«. tn to CO CO to gj o o CM tn OJ a> CO *- CD •v

T- tn CM 'O- OJ CD CO

is lO" o"

Si

N C M ^ C M ^ C M C O - ^ C D T -0 J C M h - C M C D O i n T - t * C 0 o 'J- •^ tn -^ in T- 'fl- K OO j ^ T N U f c O C M - g g g g O

t - o tn CO r T- T- o o o o p p p p p p p p p C M C M C M C M C V I C M C M C M C M O ]

105


Computation of Legal Debt Margin (Unaudited)

Asof June 30, 2011

Net Assessed Value 490,813,260

Plus: Exenapt Propeily 180.154.591

Total Assessed Value 670.967,851

Debt Limit - Thiity-five percent of Assessed Value (1) 234.838,748

Amount of Debt Applicable to Debt Limit: Total Bonded Debt (2) 9,460,000

Less: Net Assets In Applicable Debt Service Funds 2,247.272

Total Amount of Debt Applicable to Debt Limit 7,212,728

Legal Debt Margin 227,626,020

(1) Legal debt limit of 35% of assessed value is established by Louisiana Revised Statute Title 39, Section 562.

(2) Computation of legal debt margin is calculated by using total bonded indebtedness of property tax bonds only, which excludes indebtedness of sales tax bonds as well as revenue bonds.

106


Computation of Direct and Overlapping Bonded Debt (Unaudited)

Asof June 30, 2011

Overlapping Debt:

Other Governmental Agencies Florida Parishes Juvenile Justice Commission Sheriff of Tangipahoa Parish Southeastern Louisiana University

Special Districts Sewer District No. 1 General Sen/ice District No. 5 General Service District No. 8 Road District No. 101 Road District No. 101-1 Ponchatoula Area Recreation District No. Second Ward Water District Waterworks District Rural Fire Protection No. 2

Municipalities City of Hammond City of Ponchatoula Town of Kentwood Village of Roseland

Gross Debt Outstanding

1,110,000 520,000

1,318,000

746,600 10.000 10,000

280.000 28.000

385,000 477,000

14,144.653 341.000

13,520.000 1,330,000

815,995 65.000

Amount in Debt Service For Principal

Net Debt Outstanding

52,000 8,500

60,000

12.000 800 800

4.200

900 7.000 7.800

72,000 7.500

70,000 58,000 25.000 9,500

1,058,000 611,500

1.258.000

734.600 9,200 9.200

275.800 27,100

378.000 469.200

14,072.653 333.500

13,450.000 1.272.000 790,995 55.500

Hospital Districts Hospital Sen/ice District # 1

{North Oaks Regional Medical Center) 54.860,000 1.180.000 53,680.000

Subtotal Overiapping Debt

Direct Debt:


Subtotal Direct Debt

Total Direct and Overiapping Debt

89.961.248

9.460.000

9.460.000

99.421,248

1,576.000

2,247.464

88.385.248

2,247,464

3.823,464

7.212.536

95.597.784

Source: Annual Financial Reports of Individual Entities on file with Louisiana Legislative Auditors' Office

Notes: (1) Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the School Board

This schedule estimates the portion ofthe outstanding debt of those overiapping governments that is borne by the residents and businesses of the School Board.

(2) Debt outstanding includes all general bonded debt, certificates of indebtedness, and sales tax bonds.

107

if ll li U. P

0) C CO to

0 3 '! c

> .9 "D

( K i l l s

,^ Q § Q) O -D (3 K

•D

S 2 t 3

u: 3 V f°

.0 O)

Q

*- c a. ^ C5 LU

£ B £ (U h- tt> to to

r ^ o ^ c o f - t ^ o c M p p ^ ' u j i r i t n c o ' t d c d o d t n c d

0) U CO S

to CL

11 O QL

t o t o O f - r ^ T - o h - c n ^ o j ^ m c M i o o j ^ o o c n t n T - T - ^ t n ' ^ m ' f l ' C O t o h -co" eo" 00' in' r-" CM" in" 1" a i K T - ^ o j T - t - o i o t n o o O m - ^ O C D O J O t B t D t O o" tn" to' CM* 00' m" o" ^-' g;' -r-' c M ^ C M C M O O t n c o e o c o

t p o ^ ^ o j ^ c M c o c n o ) t r t n i n i n c b r ^ c c j c d c d r v :

^ - • q - t ^ ( n c o i n r » ^ e o T - r a C O T - f T - C O F - C M O T - T -•* tn o K to_ S to ^ , in in rC o" r*-" CO* to' •*' p ' tn CM' to* o r ^ T - i - t O ' f l ' O O o o o t o T t n ^ o o o ^ o o t o c o o to' o" CO 1-* to" co" rv" to" in" co" cMCMCMCMOcneococora

( D T - T - O ^ O O T - O I T - O ) t o c o i n t ^ T - o o o o t ^ c o r ^ C M t O t O t O t O ^ , lO-^^OJtO h-' CD" c*f tn" co" o* to' to" in to" C M t n c n c M ^ - r ^ t ^ N - i - ( D t D 0 J t D t n c » J O i - i - t D _ i n m" m" to" to' K h-' N." r " N-' to'

t D C 0 ^ O ^ C 0 t D 0 > i - 0 J m o j i o h - T - c o o c M o o h -CMCMtDtOCD^OJCnCOtD

i n h - C M t o m N o c M o m r-" T-' T-' T-" CM' CM' CO" CM"

o c o o o o o i n o o o o c o o o o o c g i n m o o_ co o_ o_ o_ o_ ^ CJ CM o o" a i in in o* in in to' ^ o S o t n ' T - t n i o h . ' » - e o t n

_ tM_ • ^ CM_ cD_ co_ CM_ cn tn o in" in in tn 10' 10" to" ^ ' ^" •fl-"

T- o OJ 00 •<- 1- o o o o o o o o o o o o o o C M C M C M C ^ C M C M C M C M t M C M

iT >.

108

<

<

ay

o LU

< 1

LU

—1 o o X o X w

< o X < a. CD <

II It II II II II 11 II II II II II II II II II II II II II il II II II II II II II II il II II il II I) II II II II II ll II II II ll II 11 II II II l l II 11 ll II

^ II II II tl II II II li

g." 1 ^

II 11 tl

•Q 11

• ^ II B II

II II II II 11

O) c S c B II B " II

II II

B II to II

(N

CM * - CL .Q CD

O ^ CO IO ^ CD r^ N. CD CO CM r*- O CO CD

CJ) O ^ CO o T- CO r^ IO oo 05 t - l o IO h-

€^ T- T- CM CM CN CNJ

l O C O l O C O C O ' ^ C D h - C O ^ C 7 > c M r ^ C M h - ^ c n i o ^ C 3 i

* CO CO ^ - ^ ^ i n

•»- CM CM

III •"-^ c to ^

DL O

0)

Q

ro 4—1

o

to •a O m

o z C TJ

> ro (D

CK:

X D) ro c

H =6 -o CO c g ro 0)

CO a :

^ *.^ sP o^ 5^ d^ o^ T - C M r ^ O ) < J ) O C O N . O ) C M O C D O ' T - l O L O C O ^ C M r ^ T - O O CM CM CM

O O O - , o o o 9 9. R o s O O O .-r CO O CO J*^ CO I p CM, g co' ^ ^ o CM •»- CM

o o o — 0 0 0 °

p. p. p s O IO IO ,-^ 0 O -^ S CM Tt -^ 5 •^ ' co' ^ '

IO

O O O O O o O O O O lO o o o o_ t o 1 ^ O o " o ' to ' CM' GO' O ' O C3> - ^ T- CM CJ) o) lO cj> oo f - r-O ' co" T-' co' lO" CJ)' CO CO ^ r nr ^ ^

O O O O O O O O O O O O O^ O O O o o ^ to' o ' o ' lO' o ' lO' O CO CM 1*^ O 0> ^ CO CM O CJ) CO co" h-' GO" CJ)" CJ)' o '

t ^

o o o o O O O O O O O O O O O O O I O O p . o o_ o_ o t o 1 ^ O 2 l o ' lo" o ' LO' CM" CO' O ' i l : c 3 > T - o i O ' « ; r o c o

" co' oo' V-' ^ ^ CD' OO" T-" X- • - T- T- CM

ro

ro o (0

L L c

O II '

™ II ro Q^ II _J

— ^ 2 . 2 to 0) ro ? f n ^ CQ

o ro to CD

iT" >"

O O O - , o o o g o o o g O ' to ' lO" j - r CD CJ) IO J£ •^ O CO 5 C3)' T-' CM'

o o o o o o o o o o o o o_ o o o_ o o o ' o " o ' LO" to" to" (X) CO r^ O) CM CO IO CD IO X- CO O)

^ ' to ' r-.' Oi V-' co" h-" • » - • ( - K- T - CM T - T -

T - O C J ) O O I ^ C O t O ^ C O C M • - t - O O O O O O O O O O O O O O O O O O CMCMCMCMCMCNCMCMCMCM

ro to

B o c 0) S I

.*-* c T ^

? 3 o 4 -

C

8 *-* X I 0) -o O) c TJ c iS tn

o to E CD *-* ^ CO Q Q f^ f ) CO 0

^ 4 ^

CJ) c •s ro o> 0) c := iS 0) Q

-to •D C g '• ro 3

O O .

TJ C ro

i 8 __ ro c 8 L 1 0) Q.

O t * -

S ' • • - •

to ro

4-* CO o !c Q . ro L I D ) O

E 0)

Q .,, o tl> 3

TJ <U (_j CO 0) 0 CO

CM

109


Demographic Statistics (Unaudited)


(1) Fiscal Year

2011 2010 2009 2008 2007 2006 2005 2004 2003 2002

(2) Population

121,097 117.422 115,474 113.522 112,140 106,502 105.158 102.414 101,776 100.861

(2) Total

Personal Income

2,346.133.278 2,354.545,944 2,080.610.532 2.164.637,496 1.939,012.740 2,437.724,278 2.291,287.662 2.157.555,738 1,969,162,048 1.829.013.374

(1) Per Capita Personal Income

19.374 20.052 18,018 19,068 17,291 22,889 21,789 21.067 19,348 18,134

(2) Median

Ag€ >

33.6 32.9 31.5 31.0 32.6 32.3 32.3 30.0 30.1 30.1

(3) Pubiic School

Enrollment

18.778 18.742 18.766 18.821 18,915 19,071 19.245 18,211 17,656 17,911

(4) Non-Public

Schoo! Enrollment

2,624 2.596 2,509 2,309 2,323 2.187 2.187 2.395 2,401 2.368

(2) Unemployment

Rate

9.9% 10.2% 8.7% 5.4% 5.0% 9.3% 6.8% 5.3% 6.8% 6.5%

(1) All information is parish-vi/ide. 2010 Official U.S. Census - Population (2) Louisiana Department of Labor - Louisiana Occupational Information System (LOIS) (3) Louisiana Department of Education SIS Report - Student Membership as of 10/01 (4) Louisiana School Directory, published by Louisiana Department of Education

110


Construction and Bank Deposits (Unaudited)


(1) Commercial Construction

(1) Residential Construction

Fiscal Year

2011 2010 2009 2008 2007 2006 2005 2004 2003 2002

Nunnber of Permits

28 17 45 60 60 36 43 46 29 35

Value

13,637,185 10.629,008 19,471.214 53,554,910 20,033.800 13,727.868 85.597.900 10.875,693 10,249,900 14,188,299

Number of Permits

408 614 604 646

1.294 615 505

. 501 396 370

Value

62,034.856 82,340,027 88.701,514 102,807.141 205,093.776 73.780,213 61,221,930 57,997.863 42,638,789 37.923,995

(2) Bank Deposits

1,500,000,000 1.424,000,000 1,399,000,000 1,336,000.000 1,354.000,000 1,367,000,000 1.065,000,000 938,000,000 814,000.000 784,000.000

(1) Source: Tangipahoa Parish Government's Building Permit Office

(2) Source: FDIC

111


Ten Largest Employers - Parish WicJe (Unaudited)

Forthe Fiscal Year Ended June 30. 2011 and June 30. 2005

Fiscal Year Ended June 30. 2011

(1)

Company Name Type of Business

North Oaks Medical Center

Tangipahoa Parish School Board

Southeastem Louisiana University

Healthcare Facility

Education - Public Schools

Education - University

North Lake Support & Services Center (Hammond Developmental Center) Education - Special

Sanderson Farms

Wal-Mart Distribution

Neill Corp.

LSU Regional Medical Center (Laltle Kemp Charity Hospital)

Elmer Candy Corp.

Winn Dixie Distribution

Totals

Food Processing

Distribution

Beauty/Retail

Healthcare Facility

Candy Pnxluction

Distribution

Location

Hammond. LA

Amite, LA

Hammond, LA

Hammond, LA

Hammond. LA

Robert. lA

Hammond, LA

Independence, i ^

Ponchatoula, LA

Hammond. LA

Number of Employees

2700

1800

1600

903

901

800

701

450

300

300

10,455

Percentage of Total

Employment

5.01%

3.34%

2.97%

1.68%

1.67%

1.49%

1.30%

0.84%

0.56%

0.56%

19.41%

(3) Fiscal Year Ended June 30,2005

(1)

Company Name

Tangipahoa Parish School Board

Nortti Oaks Medical Center

SouUieastem Louisiana University

Hammond Developmental Center

Walmart Stores, Inc.

Sanderson Farms (Processing Division)

Neil Corporation

Lallie Kemp Charity Hospital

C.A.R.E.

Tangipahoa Parish Sheriffs Department

Totals

Type of Business Location

Education - Public Schools

Healthcare Facility

Education - University

Education - Special

Retail

Chicken Processing

Beauty and Hair Products

Healthcare Facility

Respite Service

Law Enforcement

Percentage of Number of Total Employees Employment

Amite. LA

Hammond, LA

Hammond, LA

Hammond, LA

Hammond, LA

Hammond, LA

Hammond, LA

Independence, LA

Hammond, LA

Hammond. LA

2323

1969

1872

800

700

700

530

470

360

350

4.31%

3.66%

3.48%

1.49%

1.30%

1.30%

0.98%

0.87%

0.67%

0.65%

10.074 18.71%

(1) Source: Tangipahoa Parish Economic Development Foundation (2) Companies are listed in order by size, the largest first (3) The first year that the number of employees was available was year-ending June 30, 2005

2011 Total Civilian Labor Force = 52,730; Louisiana Department of Labor

112


School Building Information

As Of Fiscal Year Ending June 30. 2011

Listing of Instructional Sites

Year Constructed

School District

High Schools Amite High School Crystal Academy/PM Magnet Florida Parishes Juvenile Detention Cenier Hammond High Independence High Kentwood High Loranger High Northwood High Ponchatoula Sumner Options III / Career & Technical Center

1971 1968

1986 1967 1941 1970

1985 1961

102 1

1 39A 107 104

108 116

Grades Taught

9-12 6-12 4-12 ^12 9-12 7-12 9-12 9-12 9-12 7-12 12-Sep

Capacity Sq. Ft.

106.241 19.161

223.328 82.212 64.632 72,589 32,796 224,064 131,004 1.936

Acreage student

Population

18.5 10

30 8 9.4 14

40 30

555 32 64

1.112 534 288 560 158 1.626 462 72

Middle Schools Amite Westside Hammond Jr. High Independence Loranger Nesom Ponchatoula Jr. High Sumner Middle School

Elementary Schools Amite Champ Cooper Chesbrough D. C. Reeves Hammond Eastslde Primary Hammond Eastslde Upper Hammond Westside Primary Hammond Westside Upper Independence O.W. nillon Memorial Loranger Midway Natatbany Perrin Eariy Leaming Center Roseland

• Southeastern Lab School Spring Creek Tucker Vinyard Woodland Paric Eariy Lm. Ctr. Tangipahoa Parish School System-Head Start

Total Overall Instnirtlonal Sites

Listing of Non-Instructional Sites

Non-lnstmctional Sites

Source:

• Note:

Central Office File Storage Building - Central Office Sales Tax BuiMing Maintenance Office/ Shop Building Shipping/Receiving Warehouse Maintenance Offlce Maintenance Shop Building Shipping/Receiving Warehouse Special Sendees Center Adult Education Center C. M.Fagan Title 1 Building

Total Overall Non-lnstmctional Sites

.1954 1955 1965 1986 1980 1924

1963 1956 1986 1968 1986 1986 1996 1996 1965 1986 1978 1969 1943 1960 1985

1952 1950 1968 1955

Year Constmcted

2003 2008 1976 1986 1974 2002 2002 2002 1984 1961 1959 1983

Tangipahoa Parish School System Operating Budget 2010-201

102 1

114 104 110 108 116

102 106 116 108

1 1 1 1

114 107 104 114 114 108 102

1 116 108 108

1

Capacity Sq.Ft.

40.860 2.400 2.250 9,400 7,600 5,425 12.900 13.500 21.240 10.130 19.800 5,200

150.705

5-8 7-8 5-8 6-8 6-8 7-8

fr^

K-4 K-8 K-6 3-4 1-3 4-6 1-3 4-6 K-4 K-6 K-4 K-2 3-5 K

K-e K-8 K-6 1-2 5-6 K

Pre-K

Number of Buildings

14

The Florida Parishes Juvenile Detention Center and Southeastem Lab School house TanQ School Syslem students but are not school system properties.

113

72.530 97,597 65,927 46,428 52,017 83,070 41,915

86,912 70,613 39.041 58.876 51.709 53.617 67.092 63,467 56,783 47,120 45.795 44,723 40.717 36,556 39.775

43.600 56,196 71,232 41,169

2,452.442

ipahoa Parish

8 16 4 14 7 11 16

14 9.5 5 12 ID 10 10 10 4 13 14 8.9 6 5 4 ,

3 3 10 9

398.3

546 455 321 591 445 736 398

633 707 388 707 402 360 584 531 426 433 674 625 502 330 203 218 358 696 643 334

11 18,742

TANGIPAHOA PARISH SCHOOL SYSTEM -AMITE, LOUISIANA

Summary of Compensation Paid to School System Board Members (Unaudited)

For the Fiscal Year Ended June 30, 2011

(4) Board Members

Al Link Andy Anderson Ann Smith Brett Duncan Christina Cohea Daniel Ridgel Eric Dangerfield Gail Pittman-McDaniel Lanny Conerly - Interim Leanard Genco Robert Potts Rose Dominguez Sandra Bailey-Simmons Sonya Traylor

(1)(2) Compensation

$9,600 4,800

10.200 4,800 4,800 4.800 9.600 4,800 3.600 4.800

800 10,200 9.600 4,800

$87.2QQ

(3) Travel

Reimbursement. •

$784 640

4.291 2,192 3,000

0 1,841 3,156

0 0 0

5,391 4.038

640

$25,972

Total Compensation

$10,384 5,440

14.491 6,992 7.800 4.800

11,441 7,956 3.600 4,800

800 15,591 13,638 5,440

$113,172

(1) Total compensation per member of $800 per month. (2) President of the School System Board receives $900 per month in total compensation.

The President serves a twelve-month term from January through December. (3) Board members are permitted to be reimbursed for travel expenditures up to

$2000 per year. A majority of the board may approve travel over the limit. (4) Board Members elected serve from January 1, 2007 through December 31,2010 and newly elected

Board Members serve from January 1, 2011 through December 31, 2014.

114

RiS

S a> o u> to v> Oi ^ y - » - CM - J ^ T -

i Q O ) O O i n c M t n i o < O M C M

C 0 O U ) ^ h - U ) U ) ^ r M

i o < D O N C M O i n a > 0> N OJ

a > h " C O O > r w O ) r ~ . t f ) h -r«- o> o n ^" PS

"ff

f 1 #

5 5

0 S

S S ?

tr in

CO o>. N W

in

S •« CM tn TJ

»-

CN V •". »--

is"

si

^ « r , « « 2 N r .

K*^ ::

- f 00 r- y <o 3 1-

sg CM CO

(0 ^

i i S ?. S Q • " CO CM o ^ ^

O) 1 -

|2# T-' 5

2# ; . CM

cs.i£

fl. #

C^?

a> CM

5<?

eo o)

S2f

sa

CO CO •a- M CM

o

S#

o) 5

".8 (M 5 i

CO S

So 8

(M i -

CM O

CM 1=

CM "

<M : £

« s CD S

CM ^

fiiliil . 9 V - UJ

115


Average Salaries of Public Schoo! Staff

Last Five Fiscal Years

Average Classroom Teacher's Salary Including Extra Compensation

Average Classroom Teacher's Salary Excluding Extra Cc»npensatJon

Number of Teacher Full Time Equivalents (FTEs) used in Computation of Average Salaries

Jurie 30. 2011

All Classroom Teachers

$50,559.67

$48,152.07

1.356

Classnxim Teachers

Excluding ROTC and Rehired

Retirees

$50,306.48

$47,810.94

1.326

June 3C


$52,821.80

$50,180.71

1.382

.2010

Classroom Teachers


ReUrees

$47,443.14

$45,070.99

1.350

June 30. 2009


$49,230.80

$48,728.20

1,309

Classroom Teachers


Retirees

$48,931.25

$48,433.20

1.274

Average Classroom Teacher's Salary Including Extra Compensation

Average Classroom Teacher's Salary Excluding Extra Compensation

Number of Teacher Full Time Equivalents (FTEs) used in Computation of Average Salaries

June 30. 2008


$47,523.72

$47,091.92

1.311

Classroom Teachers


Retirees

$47,343.80

$46,907.57

1.296

June 30, 2007


$42,951.72

$42,519,92

1.304

Classroom Teachers


Retirees

$42.771.80

$42,335.57

1.292

Source: Tangipahoa Parish Assurance Schedules 2007 through 2011

116

EdkJMIian L n t f i Df PkMe Semol 6 t l f l

U U F|y« f a c f Y w n

CMeaen

L I U than • S M M o n l

F i U r m CUtroorn T o c t w n

cmictua

NumtW

0

eoi

305

130

4

4

13*4

Pfrc»4

0 0 %

67 0 *

23 .7*

B7%

0.3%

0 3 %

1000%

UrKMlfcatod

Numbw

0

13

0

0

0

0

12

P t c t r t

0 0 %

100.0%

0 0 %

0 0 %

0 .0 *

0.0%

100,0%

P m d p ^ ( A u l M n I Prnooi l *

C«fU1cHM

Numbw

0

0

a

*7

0

3

71

Ptrcwt

0 0 *

00%

310%

ee2%

0,0%

ie%

i r o D %

Un<«ur<eMM

NurrMt

0

0

0

0

0

0

0

P f f c M

00%

0.0%

0.0%

00%

0 0 %

0 0 *

0,0%

CKMorv

L n * Hon I B t d M t r t O K T M

B K M o r i D r a M

M n U r t D M M

U M t M D w n t f X

SMcli lMtnEikicauin

Pli,0 •« Ed-D

F i« t t iw C M m o m Taachm

C a r t n a M

NunMr

0

807

301

1*8

5

4

Tow 13K

P m M

OJI%

88,4%

23,1%

io ,e*

0 4 %

0.3%

100,0%

UT>c«flle«M

Nunear

0

IT

0

0

0

0

17

P t r c M

ox>%

100J}*

0 0 %

0 0 %

0 0 %

0 0 %

100.0*

p m c W i & A M h a n i P r t K M i i

CaOkatM

Numear

0

0

22

47

0

3

71

Ptrcart

0 , 0 *

osn,

310%

6S.2%

' 0J)%

2,6%

100.0%

U lKMf lc t fM l

Huinbw

0

0

0

0

0

0

0

Percml

0 0 *

0,0%

00%

00%

0 0 %

0 0 %

0.0%

C«Mo>v

L M th tn a e « r « k r « 0 « m

BactMof^Dwrat

MMUr^Daona

U B t a i ^ D « i r M * X

SgadaMinBliicaaDn

PIU),aEd-D.

FiJ4ina Ct tamom Taaehar*

Cwt i fMad

N u m b .

0

B5l

245

12S

4

4

T D W 1230

(Voant

0,0%

eg.2%

19 ,9*

10,2%

0 3 *

0 . 3 *

100,0%

Uiv«Mtflemd

H M o m

0

13

0

0

0

0

13

P t i e t n

0 , 0 *

100JJ%

0-0%

0 0 %

0 0 %

Oi}%

100-0%

Pmckatt S A a M t t K PrtictoBh

CMflcaMd

H u m n

0

0

11

51

3

1

66

pNC«nl

Oi>%

0 0 %

IG.7%

77,3%

4 5 %

l - S *

100,0%

UiKwHIcaMd

Numbw

0

0

0

0

0

0

0

P«T«ni

0 0 %

0 . 0 *

0 0 %

0 0 %

0 0 *

0 0 *

00%

C A o n

U n Own • B K M K X ^ D n a a

B a c M k r t D w r M

M a M T t O w n i

I M a n O M n t * X

SMcMUta&l jca l tan

PtiD.ofEd,D,

F i * a n a ClattfCOT T t K t m

CartAcaM

M n t e

22

S04

230

96

2

1

TOM 1255

Pmtmt

^JB%

7 2 0 *

10,3%

7 * *

O J *

0 1 *

100,0*

•

UrvowUflcalad

Nurnbai

0

10

0

0

0

0

10

Pmtm*

OJO»

100.0*

0,0%

0 . 0 *

0.0%

0.0%

100,0*

P i t ackMAAa*

CwtnCBiKi

Htwrim

0

0

6

38

2

1

47

pMoani

0 - 0 *

Q D *

12-6*

eo,BK

4 3 *

2 . 1 *

t o o o *

tatartPrhcOM

Uivc«1ine«*d

Numb*

0

0

0

0

0

0

0

P m t t t

0 , 0 *

0 . 0 *

0 , 0 *

0 0 *

0 0 *

0 0 *

0 0 *

CMgon

L M » ihMi a BaeMor^ O t o n *

Bachilor^ Dama

MatMi^Daaraa

FuHma CiMafaotn TaachM

C w f l k a M

Hun*ar

25

681

222

1CS

6

1

1240

PatcOTI

2 . 0 *

71 -0*

17 .0*

6 J *

0 9 %

0 , 1 *

1 0 0 0 *

UivowllfloMad

0

10

1

0

0

0

11

P « n n

oa%

K B %

8 , 1 *

O O *

0 , 0 *

0 .0 *

100-0*

CwWcatad

NuiAat

0

0 ,

B

41

3

1

53

Pananl

0,0%

0 0 %

1 5 1 %

n . 4 *

5.7%

1,9*

10O.O*

UrvcarWoaM

Numtar

0

0

0

0

0

0

0

Pa>«M

ao*

0 0 %

0.0%

0 , 0 *

0 0 *

00%

0,0%

Seum. TinoipahoiPviUiAMunncaScl iaduM 2007 ttueuah 3011

117

CM cn CO (0 w Ul (O (o n ^

CO r^ n CO CM CM

o o ^

tn CM m rsi to ^ (O T- CM CO

fO to ^ O CM

(M CM

CO {>J r v CO

— ^, to *> o rv f*. ^.

n CO

o o h. r

^ <o rt

N . CO cn o ^ CM

" " t fe

I f ^ O « w

in 6

™ o> r-a> tM

m (N CO

" f ^

^ r- (o r-

o o in IO

118

•D 0)

69

ra o

t D < D t D ^ t - C \ | O C « J l O ^ o o c n i n o o o h - O T - c o C O C O C O C D T - C O f - t O t - C J ) r-' ^ ' T-' o~ co' ro ' CO co" CD" r-' O O O l O C D C D O O O O l O h -<N CM CM Tt Tt •«a-_ C0_ CO CM CsJ CM" CM" CM' CM' CM' CM" CM" CM' CM" CM"

ra

o

Vip vP .sp > ^ S.P s P "".P N P " ^ - ^ 5 ^ o ^ p ^ p * ' 0 * ' o ^ o ^ o * - ( 3 ^ o ^ C O C O C O C O T t T t O O C D C n ^ T - - t - T - L O O ^ ^ T t C O O od od cd r^ cd i r i cd od od CO

•D 0) o 3

•D 0)

a:

v - x - T - C O O O O O C 3 > C 3 ) C O O i n i o i o i n o o T t m h - o o CJ>(3 )CJ )T tOCJ>CM_mC0CM oo" oo' oo" ^ " oo" co' CM V-" a> co' r ^ r ^ r ^ c o c j j c o o o o o o o r - T - T - T - T - T - C M C M ^ T -

o CM

o

CM

O

< CO

O —1

LU"

UJ

W >-if) _ l O o X

o CO I (0 CO ^ a: o < 5 < o < o

ra

11 u-

TO

0)

u.

B o

( -

o

ra

D)

ra 0.

- 4 ' N P S P » ^ - ^ s P •»H s ^ s P N P

o ^ P ^ P ^ d * ' p ^ o ^ t f * o ^ P ^ o ^

r - i ^ i ^ c M C T > < D ' g ; ^ - c o a >

^ v - ^ T - ^ c j ) o d c d h - ' c D i f ) i o f ^ h - ( ^ C D < D r ^ C O C D < D ( r >

C O C D C D C O O > T t C M T - c O 0 0 r ^ h - h - o o c o r ^ T t c M h * o oo_ 00^ 00^ ro_ io_ Tt CD if> ^ CM^

Oi O)" C3> CO" cn" CD" r^' T - ' S-" ^ t r ^ h - r ^ T - r ^ o o c 3 5 o o c 3 5 i n i n m i ^ c o o o c D i o ^ T t

• .p > P >,^ s p a,^ s P « ^ s P \.P .sp ff* O^ O^ ^ O^ O** O^ O^ ^ O^ o o o c D r ^ ^ r ^ h - o o c D t - f - ^ l O N . T - | p h - < D C 0 c d c i c i c M c o T - ^ ^ T t i r i c d CMCMCMCMCMCMCMCMCMCM

0 3 a ) C J ) l 0 T t O < 7 > C M ^ C 0 t D C D C D t - T t - r - C D O C O C v J i n ID ID^ 00^ Tt CI> CO ID CO ID CM" CM" CM' CM" ID" O ) CO' O " a> o * T t T t T t i D o o T - r ^ c n r ^ o T t T t ' < t t D i D l D L O l D l D C O

T -

^ o < 6 — o CM

o o ^ CJ> o o CJ

05 o o CM 00 O O CM

00 O o CM N-O O CM

r o o *

o f~) CM

CD O O CM ID O O CM

lO O O CN TJ-o o CM

g CJ CM CO o o CM

CO O o ^ 1

CM O o CM

CM O o ^ 1

o o CM

CM O O CM

I o o CM 0) O)

• D 3 CD D) C *-• 2 0) Q .

O E B

CO

o o

. c o

CO

JZ to

ra Q.

CD o

SI ra 9-O) c ra

o CO

119

< < r) o _ J

UJ

b < Ul

CO > CO - J

o o X o CO X CO cc < D. < o X

^ o z < h-

4 - J

tf) JS .^ (D

m d)

U-

<D

o 3 • D 0 Q:

IS i >

is II I CO I ra

_ T )

ro 9> o ^

^ CO

(A

TO CD S

T3 0 O 3 •

• D CD CC

 0

^ ^

^ P |_ •S

i5 -o 3 0 D> 0

ra o H

0 C T3 0 0 > 0

CO ^

B

B -o 3 0 O 0

?i2 . E CD ^ 0 ra ^

h - r ^ C J ) C M C D T - c o r O i D 0 O L D L O ^ O l D O l D C O O O T t CD_ CD T t t D CM_ CM_ W C0_ T t 0 _ r C f C o ' oo' CM' ^ ' CM" LD ' O " -r-' c o o o T - r ^ c D o o o T t ^ c o C ) C 3 ) C n O 0 1 0 0 < 7 ) a ) 0 0 0 0

S P N P S P V P ^ ^ ^ S P N P S P S P

T - T - T - o r - - ' * - C D ( D T - C D ^ T t l ^ t D < 7 > C D N ; 0 C > C 3 ) C D w S l r i t D l D l D T t l D l r i l D T ^

h - h - C O C M C M C N C J J l D ^ - C D O O O O O O O l l D C O T t C O C D C D CO CO O) r*- T t ^ cn co h-_ h-_ ro" co" t - " ^ ' r - ' I D ' ^ ' I D " CJ>" CO"

L D l D l D L O l D C O t D t D T t r -

Vp Np » ^ » ^ VP SP s P -.^ Np s P ^ ^ s o ^ o^ ^ o^ o^ o^ ^ * o^ C O C O C M C O l D C D v - C O O O O O O O O O ^ O O O C D

c d o d o d d c D o c i c o

0 > C J ) C 0 O C 0 T t a > C M C D O C D t D i D O i D 0 0 T - 0 > ' ^ T -C M C M T - C O ^ C O T - C M C D C n

T- ' o>" CM

Np Np N P ISP V P sp Np N P Np N P pS ^S ^V ^S ^S ^S ^N, S ^N ^N O O T t C D O O C D i D O O C O t -t - T - C D h ^ ' ^ C D ^ O O C M l D h - h - L O T t C O C D l D T t O O O O O O O O O O O O O O O O

CO I D CO CM

C D C D C D C O C M l D - ^ O h - C M o o c o T t r ^ T - h - c M T - c M c o CM CM h - CO CO CM CM ' ^ . CO O o" o ' a> o)" co" CD" • - ' CM' a> CM" C O C D h - C M O C D I ^ 0 0 5 T -O O O O t ^ C O C O I ^ N - O O C D C M

N P S p

T t T t T t C D T t C M O O C D ^ t T t ^ T - C M T - C M t ^ C O < O O C O

d d T-^ x-^ CO

O O O O O T -

C M C M O ) C 3 > h - O O O C M C O C 3 > C O O O T - C M C O O O C O T - ^ ^ T C O C O C M O O C O T - T t C M I ^ h -T - T - CM CM I D CO CD 00 a>

T - O ID

^ N P S P >SP Np N P N P N P N P N P P ^ O ^ P ^ P ^ O ^ O ^ O ^ O ^ P * > P ^ C M C M C D C M C O C D O r ^ T - O ) c q c o c o ^ C N T t - ^ i D h - 0 0 r ^ r ^ c d c n d r ^ o d c d c j i r ^

C O C O C O O O C M C M T - ^ I D T -C O C O ^ O O C M C O i D O J C n C0_ C0_ CO CM r _ <3> 00 O I D I D

CM" CM" CD" CM' CO" ID" ID' T-' T-" ID" r^r^hsO)C3)ior^cooocD

^ O O) 00 T- T- o o o o o o CM CM CM CM ci d> 00 r^ T- o o o o o o o CM CM CM CM

h- CD ID CO CM O O O O O O o o o o o o CM CM CM CM CM CM

I I I I I I

(D ID CO CM T-O O O O O O O O O O O O CM CM CM CM CM CM

O CM

O CM SI O) 3 O

CM O O CM

I

o o CM +-• 0 D) •D 3 CD cn c 0 CL O E (A

CO

"o o

o CO

ro CL ro o ro 9-

c ro H

3 O CO

120


Operating Statistics


Fiscal Year Ended

June 30

2011 2010 2009 2008 2007 -2006 2005 2004 2003 2002

(2) Expenses

$187,154,786 $187,409,240 $183,217,562 176,575.619 162.753.009 149,579.152 136.017.410 126,626.258 120,405.278 115,676.077

(3) Enrollment

18,778 18.742 18.766 18.821 18,915 19.071

, 19.245 18,211 17.656 17,911

Cost Per • Pupil

$9,967 $9,999 $9,763 9,382 8.604 7,843 7.068 6.953 6.820 6,458

Percentage Change

.-0.33% 2.42% 4.07% 9.03% 9.70% 10.97% 1.65% 1.96% 5.59% 0.00%

(4) Certified Teaching

Staff

1,344 1,365 1.280 1,255 1,240 1.251 1.185 1.104 1.099 1.087

Pupil / Teacher

Ratio

13.97 13.73 14.66 15.00 15.25 15.24 16.24 16.50 16.07 16.48

Notes: (1) This information is presented for 2002 and thereafter because the teaching staff Information is extracted

from the agreed upon procedures report on performance and statistical data which is available only for the fiscal years ended June 30, 2002 and thereafter.

(2) Expenses are on full accrual and are extracted from. Changes in Net Assets.

(3) Enrollment is extracted from. Demographic and Economic Statistics.

(4) Teaching staff is extracted from. Education Levels of Public School Staff.

121


SINGLE AUDIT REPORTS

AS OF AND FOR THE YEAR ENDED JUNE 30, 2011

REPORTS OF HARRIS CPA, LLC

CERTIFIED PUBLIC ACCOUNTANT

CONTENTS

Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Perfomied in Accordance with Govemment Auditing Standards

Report On Compliance with Requirements That Could Have a Direct and Material Effect on Each Major Program and on Internal Control Over Compliance In Accordance with OMB Circular A-133 and The Schedule of Expenditures of Federal Awards 5

Scheduleof Expenditures of Federal Awards 7

Notes To the Schedule of Expenditures of

Federal Awards 9

Schedule of Findings and Questioned Costs/Corrective Actton Plans 10

Schedule of Prior Audit Findings and Management Letters 11

Harris CPA, LLC Certified Public Accountant

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

The Board Members of the Tangipahoa Parish School System Amite, Louisiana

We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Tangipahoa Parish School System (School System) as of and for the year ended June 30,2011, which collectively compromise the School System's basic financial statements, and have issued our report thereon dated November 15,2011. 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 Govemment Auditing Standards, issued by the Comptroller General ofthe United States.

Intemal Control Over Financial Reportmg In planning and performing our audit, we considered the School System's internal control over financial reporting as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the School System's internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the School System's internal control over financial reporting.

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 detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internalcontrolsuchthatthereisareasonablepossibilitythata material misstatement of the entity'sfinancial statements will not be prevented, or detected and corrected on a timely basis.

Our consideration of internal control over financial reporting was forthe limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over fmancial reporting that might be deficiencies, significant deficiencies, or material weaknesses. We did not identity any deficiencies in internal control over financial reporting that we consider to be material weaknesses, as defined above.

Compliance and Other Matters As part of obtaining reasonable assurance about whether the School System's 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 no instances of noncompliance or other matters that are required to be reported under Governmental Auditing Standards.

11944 justice Avenue • Suite A • Baton Rouge, Louisiana 70816 Voice (225) 291-2008 • Fax (225) 291-2088 • Email [email protected]


This report is intended solely for the information and use of the School System, the School System's management and federal awarding agencies and pass-through entities, such as the State of Louisiana and Legislative Auditor's Office and is not intended to be and should not be used by anyone other than these specified parties. However, under Louisiana Revised Statute 24:513, this report is distributed by the Legislative Auditor as a public document.

Mt'A^CPfi Lcc^

November 15,2011 Baton Rouge, Louisiana


REPORT ON COMPLIANCE WITH REQUIREMENTS THAT COULD HAVE A DIRECT AND MATERIAL EFFECT ON EACH MAJOR PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 AND THE SCHEDULE OF

EXPENDITURES OF FEDERAL AWARDS

The Board Members of the Tangipahoa Parish School System Amite, Louisiana

Compliance We have audited the Tangipahoa Parish School System's (School System) compliance with the types of compliance requirements described In the U.S. OfTice of Management and Budget (OMB) Circular A-133 Compliance Supplement that could have a direct and material effect on each of the School System's major federal programs for the year ended June 30, 2011. The School System's major federal programs are identified in the summary of auditors' results section of the accompanying schedule of findings and questioned costs. Compliance with the requirements of laws, regulations, contracts and grants applicable to each of its major federal programs is the responsibility of the School System's management. Our responsibility is to express an opinion on the School System's compliance based on our audit.

We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained In Government Auditing Standanjs, issued by the Comptroller General of the United States; and OMB Circular A-133, Audits of States, Local Govemments, and Non-Profit Organizations. Those standards and OMB Circular A-133 require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about the School System's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal determination on the School System's compliance with those requirements.

In our opinion, the School System complied, in all material respects, with the compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2011.

Internal Control Over Compliance The management of the School System is responsible for establishing and maintaining effective internal control over compliance with requirements of laws, regulations, contracts and grants applicable to federal programs. In planning and performing our audit, we considered the School System's internal control over compliance with requirements that could have a direct and material effect on a major federal program to determine the auditing procedures for the purpose of expressing our opinion on compliance and to test and report on internal control over compliance in accordance with OMB Circular A-133. but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the School System's internal control over compliance.

A deficiency In intemal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance such that there is a reasonable possibility



that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis.

Our consideration of internal control over compliance was for the limited purpose described In the first paragraph ofthis section and was not designed to identify all deficiencies in internal control over compliance that might be deficiencies, significant deficiencies, or material weaknesses. We did not Identify any deficiencies In internal control over compliance that we consider to be material weaknesses, as defined above.

Schedule of Expenditures of Federal Awards We have audited the financial statements ofthe governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information ofthe School System as of ancJ forthe year ended June 30,2011, and have issued our report thereon dated November 15,2011. Our audit was performed for the purpose of forming our opinions on the financial statements that collectively comprise the Tangipahoa Parish School System's basic financial statements. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by OMB Circular A-133 and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underiying accounting and other records. The information has been subjected to the auditing procedures applied in the audit ofthe basic financial statements and certain other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairiy stated in all material respects in relation to the basic financial statements taken as a whole.

This report is intended solely for the information and use of the School System, the School System's management and federal awarding agencies and pass-through entities, such as the State of Louisiana and Legislative Auditor's Office and is not intended to be and should not be used by anyone other than these specified parties. However, under Louisiana Revised Statute 24:513, this report is distributed by the Legislative Auditor as a public document

/ ^ A ^ C^A

November 15, 2011 Baton Rouge, Louisiana

TANGIPAHOA PARISH SCHOOL SYSTEM. AMITE, LOUISIANA

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

FOR THE YEAR ENDED JUNE 30. 2011

FEDERAL GRANT0R\ PASS-THROUGH GRANTOR\

PROGRAM NAME CFDA

NUMBER

PASS THROUGH GRANTOR

AWARD NUMBER EXPENDITURES

United States Dopartment of AgrlcultureX Passed Through Louisiana Departinent of Education:

School Lunch Program Summer Food Service Program School Breakfast Program Child Nutrition-Team Nutrition Program Child Nutrition-Equipment Grant ARRA

Directly Administered Through Louisiana Department of Agriculture Food Distribution Program

Total United States Department of Agriculture

United States Department of Educatlon\ Passed Through Louisiana Department of Education No Child Left Behind Act of 2001 (NCLBA)

Title l-Part A Title l-Part A ARRA Title )-Part A School Improvements Title IV Dmg Free Schoois Title I-Part C Education of Migratory Chiidren Title l-Part C Education of Migratory Children Consortium Incentive Title li-Part A Improving Teacher Quality Title ll-Mathematics and Science Partnerships Title ill-Language Instmction for Limited English Proficent Students Title Vi-Part B Rural Education Achievement Program-carryover Title Vl-Part B Rural Education Achievement Program Title l-Part B Reading 1st Title l-Part B Reading 1st Title ll-Part D Enhancing Education Through Technology Title ll-Part D Enhancing Education Through Technology ARRA Title IV-Part A Safe and Drug-Free Schools and Communities

Total NCLBA

10.555A 10.559

10.553A 10.574 10.579

lO.SfiflH

NONE 05-SFS-060A

NONE 28-09-FN-53

NONE

NONE

$5,262,508 48,329

1,657,998 0

12.625

630,687 7.612.147

84.01 OA 84.389A 84.010A

84.298 84.011 A

84.144 84.367A 84.366B 84.365A 64.358B 84.358B 84.357A 84.357A 84.318X 84.386A 84.184Y

28-10-T1-53 28-09-A1-53 28-10-TA-53 28-10-70-53 28-11-Ml-53 28-10-M4-53 28-11-50-53 28-10-MP-53 28-11-60-53 28-10-RE-53 28-11-RE-53 28-08-R8-53 28-09-RF-53 28-10-49-53 28-09-59-53 2&-11-SS-53

6.253,530 1.167.805

244.751 49,299

304,534 606

1.740,870 189,596 62,706

250.130 113.200 55,985 6,930 7.242

77.606 26,175

12.550,965

Individuals with Disabilities Act (IDEA)

Special Education-Medicaid Reimbursement Spedal Education-Preschool Special Education-Preschool ARRA

Subtotal IDEA Preschool Spedal Education-IDEA Part B Spedal Education-IDEA Part B- ARRA

Subtotal IDEA Part B Total IDEA

64.392A 84.173a 84.392A

84.027A 84.391A

28-09-AP-53 28-11-PI-53 28-09-AI-53

28-11-BI-53 28-09-AI-53

361.927 99,500 83.350

544.777 4.614.068 1,943,501 6.557,569 7.102,346

see accompanying notes to schedule of expenditures of federal awards (CONTINUED)

TANGIPAHOA PARISH SCHOOL SYSTEM, AMITE. LOUISIANA

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

FOR THE YEAR ENDED JUNE 30.2011

FEDERAL GRANTOR\ PASS-THROUGH GRANTOR\

PROGRAM NAME CFDA

NUMBER

PASS THROUGH GRANTOR

AWARD NUMBER EXPENDITURES Vocational Education Hurricane Educator Assistance Program (HEAP) LA'S Role in Traditional American History Title V-Part C Magnet Schools Assistance Program Title V-Part D Teacher Incentive Fund LA striving Readers Program Education Jobs Fund Education Jobs Fund March Supplement Homeless Education for Children and Youth Total United States Department of Education

United States Department of Health and Human Services: LA 4 Pre-K Program Leam & Serve America

Total United States Department of Health and Human Services

United States Department of Defense: ROTC

United States Department of Labor: Passed Through Louisiana Department of Labor WIA Adult Program WIA Youth Activities WIA Dislocated Worker WIA Adult Program ARRA WIA Youth Activities ARRA WIA Dislocated Worker ARRA Trade Adjustment Assistance Disability Navigators Program 15% Grant RES TANF/Step Total United States Department of Labor

TOTAL EXPENDITURES OF FEDERAL AWARDS

see accompanying notes to schedule of expenditures of federal awards

84.048 84.938K 84.215X 84.165A 84.374A 84.371A 84.41 OA 84.41 OA 84.196A

93.558 94.004

12.404A

17.258A 17.259A

17.260AB 17.258A 17.259A

17.260AB 17.207 17,260 17.207 17.207 17.266

28-11-02-53-362 28-08-HE-53 28-09-TA-53

U165A100018A 28-11-TF-63 28-11-SL-53 28-11-EJ-53 28-11-EM-53 28-11-H1-53

28-11-36-53 28-09-MP-53

NONE

CFMS #689365 CFMS #689385 CFMS #689365 CFMS #689365 CFMS #689385 CFMS #889365 CFMS #683455 CFSM #685942 CFMS #689385 CFMS #889365 CFMS #693974

332,664 232.173 251.399

1.143.476 57.937 84.912

2.071.893 1.074.381

90.851 24.992.597

1.758.693 4.886

1.763.579

249.552

1.697.765 1.147.959

547,572 377.187 210.277 273,725 24.387 54,694 74,070 86,853 12.706

4.487.175

$39,105,050

TANGIPAHOA PARISH SCHOOL SYSTEM, AIVIITE, LOUISIANA

NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

FOR THE YEAR ENDED JUNE 30,2011

NOTE 1 - GENERAL

The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of the Tangipahoa Parish School System (School System), Amite, Louisiana. The School System's reporting entity is defined in note 1 ofthe School System's financial statements for the year ended June 30,2011. All federal awards received directly from federal agencies, as well as federal awards passed through other government agencies are included on the schedule.

NOTE 2 - BASIS OF ACCOUNTING

The accompanying Schedule of Expenditures of Federal Awards Is presented using the modified accrual basis of accounting which is described in note 1 of the School System's financial statements for the year ended June 30,2011.

NOTE 3 - RELATIONSHIP TO BASIC FINANCIAL STATEMENTS

Federal award revenues are reported in the School System's basic financiai statements (fund financial statements) as follows:

Federal Sources

General Fund $249,552 NCLBA 12,550,965 Non MajorSpecia! Revenue Funds 26.304,533

Total $39,105,050

NOTE 4 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS

Amounts reported in the accompanying schedule of expenditures of federal awards agree with the amounts reported in the related federal financial reports except for the amounts submitted as of a date subsequent to June 30,2011, which will differ from the schedule by the amount of receivable or deferred as of June 30, 2011, liquidated to the dates of the reports.

NOTE 5 - MAJOR FEDERAL AWARDS

The dollar threshold of $1,173,152 was used to distinguish between Type A and Type B federal programs. For those funds that have matching revenues and state funding, federal expenditures were determined by deducting matching revenues from total expenditures.

NOTE 6 - NONCASH PROGRAMS

The commodities received, which are noncash revenues, are valued using prices provided by the United States Department of Agriculture. Any received but unused commodities are recorded as deferred revenue until used.

TANGIPAHOA PARISH SCHOOL SYSTEM, AMITE, LOUISIANA

SCHEDULE OF FINDINGS AND QUESTIONED COSTS/CORRECTIVE ACTION PLANS

FOR THE YEAR ENDED JUNE 30, 2011

(1) Summary of Auditor's Results: Financial Statements

Type of auditors' report issued:

Intemal Control over Financial Reporting: Material weakness(es) Identified? Significant deficiency(ies) identified that are not considered to be material weaknesses?

Noncompliance material to financial statements noted Federal Awards Internal control over major programs:

Material weaKness(es) identified? Significant deficiency(ies) identified that are not considered to be material weaknesses?

Type of auditors' report issued on compliance for major programs

Any audit findings disclosed that are required to be reported in accordance with OMB Circular A-133, Section 510(a)?

Unqualified

No

None reported

No

No

None reported

Unqualified

No

Major Programs: School Breakfast Program (CFDA#10.553A) School Lunch Program (CFDA#10.555A) Title l-Part A ARRA (CFDA # 84.389A) Title ll-Part A Improving Teacher Quality (CFDA# 84.367A) Title V-Part C Magnet Schools Assistance Program (CFDA #84.165A) Education Jobs Fund (CFDA #84.41 OA) Education Jobs Fund March Supplement (CFDA #84.41 OA) LA 4 Pre-K Program (CFDA #93.558) Workforce Investment Act Adult Activities (CFDA #17.258A) Workforce Investment Act Youth Activities (CFDA #17.259A) Workforce Investment Act Dislocated Workers(CFDA #17.260AB) Workforce Investment Act Adult Activities ARRA (CFDA #17.258A) Workforce Investment Act Youth Activities ARRA (CFDA #17.259A) Workforce Investment Act Dislocated WorkersARRA (CFDA#17.260AB)

Dollar threshold used to distinguish between Type A and Type B programs:

Auditee qualified as a low-risk auditee under Section .530 of OMB Circular A-133:

$1,173,152

No

Findings Relating to Financiai Statements Reported In Accordance with Govemment Auditing Standards: None reported

Findings and Questioned Costs Relating to Federal Awards: No

10

TANGIPAHOA PARISH SCHOOL SYSTEM, AMITE, LOUISIANA

SCHEDULE OF PRIOR AUDIT FINDINGS & MANAGEMENT LETTERS

FOR THE YEAR ENDED JUNE 30, 2011

Finding Fiscal Yr. Status Contact Person

Management Letter 6/30/2010 corrected Bret Schnadelbach

11


AGREED-UPON PROCEDURES REPORT

AS OF AND FOR THE YEAR ENDED JUNE 30, 2011

REPORT OF HARRIS CPA, LLC

CERTIFIED PUBLIC ACCOUNTANT


INDEPENDENT ACCOUNTANTS' REPORT ON APPLYING AGREED-UPON PROCEDURES

To the Management of the Tangipahoa Parish School System Amite, Louisiana

We have performed the procedures included in the Louisiana Governmental Audit Guide and enumerated below, which were agreed to by the management of the Tangipahoa Parish School System (the School System) and the Legislative Auditor, State of Louisiana, solely to assist users in evaluating management's assertions about the performance and statistical data accompanying the annual financial statements of the School System and to determine whether the specified schedules are free of obvious errors and omissions as provided by the Board of Elementary and Secondary Education (BESE) Bulletin. This agreed-upon procedures engagement was performed in accordance with standards established by the American Institute of Certified Public Accountants and applicable standards of Government Auditing Standards. The sufficiency of these procedures is solely the responsibility ofthe specified users ofthe report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

Our procedures and findings relate to the accompanying schedules of supplemental information and are as follows:

General Fund Instructional and Suppoit Expenditures and Certain Local Revenue Sources (Schedule 1-a and 1-b)

1. We selected a random sample of 25 transactions and reviewed supporting documentation to determine if the sampled expenditures/revenues are classified correctly and are reported in the proper amounts for each of the following amounts reported on the schedule:

• Total General Fund Instructional Expenditures,

• Total General Fund Equipment Expenditures,

• Total Local Taxation Revenue,

• Total Local Earnings on investment in Real Property,

• Total State Revenue in Lieu of Taxes,

• Nonpublic Textbook Revenue, and

• Nonpublic Transportation Revenue.

No differences noted.



Education Levels of Pubiic School Staff (Sctiedule 2)

2. We reconciled the total number of full-time classroom teachers per the schedule "Experience of Public Principals and Full-time Classroom Teachers" (Schedule 4) to the combined total number of full-time classroom teachers per this schedule and to school board supporting payroll records as of October 1st.


3. We reconciled the combined total of principals and assistant principals per the schedule "Experience of Public Principals and Full-time Classroom Teachers" (Schedule 4) to the combined total of principals and assistant principals per this schedule.


4. We obtained a list of full-time teachers, principals, and assistant principals by classification as of October 1st and as reported on the schedule. We traced a random sample of 25 teachers to the individual's personnel file and determine if the individual's education level was properly classified on the schedule.


Number and Type of Public Schools (Schedule 3)

5. We obtained a list of schools by type as reported on the schedule. We compared the list to the schools and grade levels as reported on the Title 1 Grants to Local Educational Agencies (CFDA 84.010A) application and/or the National School Lunch Program (CFDA 10.555A) application.


Experience of Public Principals and Full-time Classroom Teachers (Schedule 4)

6. We obtained a list of full-time teachers, principals, and assistant principals by classification as of October 1 and as reported on the schedule and traced the same sample used in procedure 4 to the individual's personnel file and determined if the individual's experience was properiy classified on the schedule.


Public Staff Data (Schedule 5)

7. We obtained a list of all classroom teachers including their base salary, extra compensation, and ROTC or rehired retiree status as well as full-time equivalent as reported on the schedule and traced a random sample of 25 teachers to the individual's personnel file and determined if the individual's salary, extra compensation, and full-time equivalents were properly included on the schedule.


8. We recalculated the average salaries and full-time equivalents reported in the schedule.


Class Size Characteristics (Schedule 6)

9. We obtained a list of classes by school, school type, and class size as reported on the schedule and reconciled school type classifications to Schedule 3 data, as obtained in procedure 5. We then traced a random sample of 10 classes to the October 1st roll books for those classes and determined if the class was properiy classified on the schedule.


Louisiana Educational Assessment Program (LEAP) for the 21st Century (Schedule 7-a and 7-b)

10. We obtained test scores as provided by the testing authority and reconciled scores as reported by the testing authority to scores reported in the schedule by the School System.


The Graduation Exit Exam forthe 21st Centurv-GEE 21 (Schedule 8)



The ILeap Tests (Schedule 9)



We were not engaged to, and did not; perform an examination, the objective of which would be the expression of an opinion on management's assertions. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

This report is intended solely for the use of management of the Tangipahoa Parish School System, the Louisiana Department of Education, the Louisiana Legislature, and the Legislative Auditor, State of Louisiana, and should not be used by those who have not agreed to the procedures and taken responsibility for the sufficiency of the procedures for their purposes. Under Louisiana Revised Statute 24:513, this report is distributed by the Legislative Auditor as a public document.

November 15. 2011

Schedule 1-a Tangipahoa Parish School System

General Fund Instructional and Support Expenditures

as of and for the year ended June 30,2011

Data

General Fund insutructional and Equipment Expenditures:

General Fund Instmctional Expenditures:

Teacher and Student Interaction Activities:

Classroom Teacher Salaries $53,219,818

Other Instnjctional Staff Salaries 5.406.238

Instructional Staff Employee Benefits 20,998,191

Purchased Professional and Technical Services 58.651

Instructional Materials and Supplies 1,202,674

instnjctional Equipment 359.195

Total Teacher and Student Interaction Activities $81,244,767

Other Interaction Activities 67,160

Pupil Suppori Activities $6,924,304

Less: Equipment for Pupil Support Activities 0

Net Pupil Support Activities 6,924,304

instmctional Staff Services $3,359,295

Less: Equipment for Instructional Staff Services 12.987

Net instmctional Staff Activities $3,372,282

School Administration 8,243,869

Less: Equipment for School Administration 0

Net School Administration $8,243,869

Total General Fund Instmctional Expenditures $99,852,382

Total General Fund instmctional Equipment Expenditures $346,208

Note:

This schedule includes General Fund instructional and equipment expenditures. This data is presented

annually in the MFP 70% Expenditure Requirement Report.

Schedule 1-b

Tangipahoa Parish School System Certain Local Revenue Sources


Data

Certain Local Revenue Sources Local Taxation Revenue:

Constitutional Ad Valorem Tax $1.947,644 Renewable Ad Valorem Tax 1,624,255 Debt Sen/ice Ad Valorem Tax 1,652,672 Up to 1 % Collections by the Sheriff on Taxes Other than School Taxes 414,438 Sales and Use Taxes 31.322.414

Total Local Taxation Revenue S36.961.423

Local Eamings on Investment in Real Property: Earnings from 16th Section Property $16,462

Earnings from Other Real Property Q Total Local Earnings on Investment in Real Property $16.462

State Revenue in Lieu of Taxes: Revenue Sharing - Constitutional Tax $130,899

Revenue Sharing - Other Taxes 0 Revenue Sharing - Excess Portion 0 Other Revenue in Lieu of Taxes 0

Total State Revenue in Lieu of Taxes $13Q.89g

State Revenues for Non-public Education Non-public Transportation Revenue $0 Non-public Textbook Revenue 68.129

Total State Revenue for Non-public Education $68.129

Note: This schedule includes local taxation revenue, earnings on investments, revenue in lieu of taxes, and non-public textbook and transportation revenue. This data is used in the Minimum Foundation Program (MFP) formula.

http://S36.961.423

Schedule 2 Tangipahoa Parish School Board

Education Levels of Pubiic School Staff

as ofOctober 1,2010

Category

Less than a Bachelor's Degree

Bachelor's Degree

Master's Degree

Master's Degree + 30

Specialist In Education

Ph.D.orEd.D.

Total

Full-time Classroom Teachers

Certificated

Number Percent

0 0.0%

901 67.0%

305 22.7%

130 9.7%

4 0.3%

4 0.3%

1344 100.0%

Un-certificated

Number

0

12

0

0

0

0

12

Percent

0.0%

100.0%

0.0%

0.0%

0.0%

0.0%

100.0%

Principals & Assistant Principals

Certificated

Number Percent

0 0.0%

0 0.0%

22 31.0%

47 66.2%

0 0.0%

2 2.8%

71 100.0%

Un-certificated

Number Percent

0 0.0%

0 0.0%

0 0.0%

0 0.0%

0 0.0%

0 0.0%

0 0.0%

Note:

(1) This schedule provides the number and percentage of full time classroom teachers, differentiating those having

a teacher certificate and those without a teaching certificate, as well as. the number and percentage of full time

classroom teachers, and the number and percentages of principals and assistant principals with education levels.

(2) Full-Time Classroom Teachers, employed as of October 1, are defined with LAUGH guidelines as having an

Object Code of 112 and an accompanying function code within the 1000 series and assigned teaching

responsibilities that comprise more than 50% ofthe individuals duties.

(3) Principals and assistant principals , employed as of October 1, are defined in accordance with LAUGH guidelines

as having an object code of 111 with an accompany function code of 2410 and 2420. These employees are

concemed with directing and managing the operation of a particular school. If the a principal or assistant principal

is also assigned a teaching responsibilities that comprise more than 50% of his or her duties, then the principal

should be included in the court as a classroom teacher.

(4) Certificated Teachers / Principals / Assistant Principals: Teaching certificates are issued to those qualified

professionals authorized to teach or perform designated duties in the schools under the jurisdiction of the

Louisiana State Board of Elementary and Secondary Education based on their completion of an approved

teacher education program and all other legal requirements. These requirements are referred to the Louisiana

Standards for State Certification of School Personnel - Bulletin 746 published by the State Department of

Education.

Note:

Schedule 3


Number and Type of Pubiic Schoois as of and for the year ended June 30, 2011

Number

Elementary Schools 20

Middle/Junior High Schools 7

High Schools 8

Combination Schools 2

Other 1

Total 38

(1) This schedule includes the number of elementary, middle/junior high, secondary and combination

schools in operation during the fiscal year. This data is currently reported to the Louisiana Legislature

in the Annual Financial and Statistical Report (AFSR).

(2) Elementary School - Any school whose grade structure falls within the range PK-8 and does not

fit the definition for Middle/Junior High School.

(3) Middle/Junior High School - Any school whose grade stmcture within the range 4-9, includes grades 7 or 8, and excludes PK-3 and 10-12.

(4) High School - Any school whose grade structure falls within the range 6-12 and includes grades in 10-12 range, or any school that includes only grade 9. ^

(5) Combination School - Any school whose grade stmcture falls within the range PK-12 and is not described by any ofthe above definitions. These schools generally contain some grades in the K-6 range and some grades in the 9-12 range. Examples include grade stmctures such as K-12: K-3 plus 9-12; and 4-6 plus 9-12. Non-graded schools (schools with no grade structure) are also considered combination schools.

Schedule 4 Tangipahoa Parish School System

Experience of Public Principals, Assistant Principals, and Full-Time Classroom Teachers

asof October 1.2010

Category

Principals

Assistant Principals

Classroom Teachers

Total

0-1

0

0

122

122

2-3

0

0

116

116

Total Years

4-10

2

10

385

397

11-14

4

2

197

203

Experience

15-19

10

7

184

201

20-24

6

3

136

145

25 +

16

11

216

243

Total

38

33 '

1356

1427

Note:

(1) This schedules includes the number of public school principals, assistant principals and full time classrrom

teachers grouped by varying years of experience in the teaching profession. Selective criteria for employees

reported on this schedule are (a) be employed as of October 1, (2) have job responsibilities within their

assigned classification that comprise more than 50% of the individual's job duties, and (3) meet the definitions

contained within the Louisiana Accounting and Unifomn Governmental Handbook (LAUGH) for their respective

job classification.

(2) Principals and assistant principals , employed as of October 1, are defined in accordance with LAUGH guidelines

as having an object code of 111 with an accompany function code of 2410 and 2420. These employees are

concerned with directing and managing the operation of a particular school. If the a principal or assistant principal

is also assigned a teaching responsibilities that comprise more than 50% of his or her duties, then the principal

should be included in the court as a classroom teacher.

Tangipahoa Parish School System Pubiic School Staff Data: Average Salaries as of and for the year ended June 30, 2011

Schedule 5

Average Classroom

Teacher's Salary Including Extra Compensation

All Classroom

Teachers

$50,559.67

Classroom Teachers Excluding ROTC

and Rehired Retirees

$50,306.48

Average Classroom Teacher's Salary Excluding Extra Compensation

$48,152.07 $47,910.94

Number of Teacher Full Time Equivalents (FTEs) used In Computation of Average Salaries

1.356 1.326

Note: (1) This schedule depicts the full time equivalent (FTE) and calculated average salaries (with and without

extra compensation) for all classroom teachers and for all classroom teachers excluded ROTC and rehired retirees. The schedule reflects district staff data reported to the Louisiana Department of Education in the End-of-Year Profile of Education Personnel (PEP) Report, which is subsequently reported to the Legislature in the Annual Financial and Statistical Report (AFSR). The data excludes day-to-day substitutes and temporary employees.


Class Size Characteristics

as of October 1,2010

Category

Elementary

Elementary Activity Classes

Middle/Jr. High

Middle / Jr. High Activity Classes

High

High Activity Classes

Combination

Combination Activity Classes

Other

Other Activity Classes

1 -

Percent

41%

44%

24%

38%

54%

; 80%

99%

100%

100%

100%

20

Number

1150

107

246

73

1099

302

119

18

1

5

21

Percent

47%

38%

40%

23%

23%

10%

1%

0%

0%

0%

Class Siz

•26

Number

1290

91

409

44

467

39

1

0

0

0

e Range

27

Percent

10%

7%

35%

18%

22%

6%

0%

0%

0%

0%

•33

Number

291

17

354

35

449

24

0

0

0

0

34

Percent

2%

11%

1%

20%

2%

3%

0%

0%

0%

0%

+

Number

43

27

12

38

35

12

0

0

0

0

Note:

The Louisiana Board of Elementary and Secondary Education has set specific limits on the maximurri size of

classes at various grade levels. The maximum enrollment in grades K-3 is 26 students and maximum

enrollment in grades 4-12 is 33 students. These limits do not apply to activity classes such as physical education,

chorus, band, and other classes without maximum enrollment standards. Therefore, these classes are

included only as separate line Items.

Schedule 7-a Tangipahoa Parish School System

Louisiana Educational Assessment Program (LEAP 21) for the 21st Century

as of and for the year ended June 30, 2011

4th Grade

Students

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Total

English Language Arts

2011

Number

57

302

737

305

129

1.530

Percent

3.7%

19.7%

48.2%

19.9%

8.4%

100.0%

2010

Numt)er

48

264

712

396

232

: 1,652

Percent

2.9%

16.0%

43.1%

24.0%

14.0%

100.0%

2009

Number

38

260

759

363

195

1,615

Percent

2.4%

16.1%

47.0%

22.5%

12.1%

100.0%

2011

Number

: 74

237

700

307

214

1.532

Percent

4.8%

15.5%

45.7%

20.0%

14.0%

100.0%

Mathematics

2010

Number

48

235

719

346

j 305

1,653

Percent

2.9%

14.2%

43.5%

20.9%

18.5%

100.0%

2009

Number

35

179

697

412

! 292

1.615

Percent

2.2%

11.1%

43.2%

25.5%

18.1%

100.0%

4th Grade

Students

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Tolal

2011

Number

19

202

718

448

145

1,532

Percent

1.2%

13.2%

46.9%

29.2%

9.5%

100.0%

Science

2010

Number

32

197

j 732

497

199

1.657

Percent

1.9%

11.9%

44.2%

30.0%

12.0%

100.0%

2009

Number

71

178

, 662

478

225

1.614

Percent

4.4%

11.0%

41.0%

29.6%

13.9%

100.0%

2011

Number

36

182

825

279

209

1.531

Percent

2.4%

11.9%

53.9%

18.2%

13.7%

100.0%

Social Studies

2010

Numbe

17

214

821

359

245

1.656

Percent

1.0%

12.9%

49.6%

21.7%

14.8%

100.0%

2009

Numbe

8

168

763

361

314

1.614

Percent

0.5%

10.4%

47.3%

22.4%

19.5%

100.0%

Note:

This schedule represents student perfonmance testing data and district summary scores for grade 4

in English Language Arts. Mathematics. Science, and Social Studies.

Schedu le 7-b


Louisiana Educational Assessment Prograin (LEAP 21) for the 21st Century


8th Grade

Students

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Total


2011

Number

63

240

559

410

90

1,362

Percent

4.6%

17.6%

41.0%

30.1%

6.6%

100%

2010

Number

34

198

592

446

106

1.376

Percent

2.5%

14.4%

43.0%

32.4%

7.7%

100%

2009

Number

6

194

659

454

104

1,417

Percent

0.4%

13.7%

46.5%

32.0%

7.3%

100%

2011

Number

49

57

652

334

270

1,362

Percent

3.6%

4.2%

47.9%

24.5%

19.8%

100%

Mathematics

2010

Number

45

71

654

345

261

1.376

Percent

3.3%

5.2%

47.5%

25 .1%

19.0%

100%

2009

Number

68

65

664

329

j 288

1,414

Percent

4.8%

4.6%

47.0%

23.3%

20.4%

100%

8th Grade

Students /

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Total

2011

Number

17

240

525

362

210

1.354

Percent

1.3%

17.7%

38.8%

26.7%

15.5%

100.0%

Science

2010

Number

19

173

559

423

206

1.380

Percent

1.4%

12.5%

40.5%

30.7%

14.9%

100.0%

2009

Number

39

208

528

441

194

1.410

Percent

2.8%

14.8%

37.4%

31.3%

13.8%

100.0%

2011

Number

38

173

594

360

189

1.354

Percent

2.8%

12.8%

43.9%

26.6%

14.0%

100.0%

Social Studies

2010

Number

11

158

667

337

206

1,379

Percent

0.8%

11.5%

48.4%

24.4%

14.9%

100.0%

2009

Number

25

191

BfiR

308

214

1.406

Percent

1.8%

13.6%

47.5%

21.9%

15.2%

100.0%

Note:

This schedule represents student performance testing data and district summary scores for grade 8

in English Language Arts, Mathematics, Science, and Social Studies.

Schedule 8 Tangipahoa Parish School System ^

The Graduation Exit Examination for the 21st Century (GEE 21)


10th Grade

Students

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Total

English Languaqe Arts

2011

Number

10

133

470

344

206

1.163

Percent

0.9%

11.4%

40.4%

29.6%

17.7%

100.0%

2010

Number

8

174

519

280

145

i 1,126

Percent

0.7%

15.5%

46.1%

24.9%

12.9%

100.0%

2009

Number

9

114

478

330

155

1 1,086

Percent

08%

10.5%

44.0%

30.4%

14.3%

100.0%

2011

Number

100

163

453

207

239

1,162

Percent

8.6%

14.0%

39.0%

17.8%

20.6%

100.0%

Mathematics

2010

Numt>er

107

186

471

179

187

1.130

Percent

9.5%

16.5%

41.7%

15.8%

16.5%

100.0%

2009

Number

101

137

497

196

158

1,089

Percent

9.3%

12.6%

45.6%

18.0%

14.5%

100.0%

11th Grade

Students

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Total

2011

Number

55

169

427

240

214

1.105

Percent

5.0%

15.3%

38.6%

21.7%

19.4%

100.0%

Science

2010

Number

25

144

454

j 240

133

996

Percent

2.5%

14.5%

45.6%

24.1%

13.4%

100.0%

2009

Number

42

168

403

306

220

1.139

Percent

3.7%

14.7%

35.4%

26.9%

19.3%

100.0%

2011

Number

15

93

.. 539

245

214

1.106

Percent

1.4%

8.4%

48.7%

22.2%

19.3%

100.0%

Social Studies

2010

Number

6

107

565

188

130

996

Percent

0.6%

10.7%

56.7%

18.9%

13.1%

100.0%

2009

Number

14

88

501

305

231

1.139

Percent

1.2%

7.7%

44.0%

26.8%

20.3%

100.0%

Note:

This schedule represents student perfomiance testing data and district summary scores for grades 10 and 11 in

English Language Arts. Mathematics, Science, and Social Studies. Testing for English Language Arts and Mathematics

did not begin until 2001, and Testing for Science and Social Studies did not begin until 2002.

S c h e d u l e 9


The /Leap Tests


3rd Grade

Students

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Total

2011

Number

37

246

604

350

273

1.510

Percent

2.5%

16.3%

40.0%

23.2%

18.1%

100%


2010

Number

40

246

613

324

239

1.462

Percent

2.7%

16.8%

41.9%

22.2%

16.3%

100%

2009

Number

28

248

589

379

268

1,512

Percwit

1.9%

16.4%

39.0%

25.1%

17.7%

100%

2011

Number

71

205

599

342

293

1.510

Percem

4.7%

13.6%

39.7%

22.6%

19.4%

100%

Mathematics

2010

Number

62

253

579

344

224

1.462

Percent

4.2%

17.3%

39.6%

23.5%

15.3%

100%

1 2009 1

Number

55

219

620

331

288

1,513

PercenI

3.6%

14.5%

41.0%

21.9%

19.0%

100%

3rd Grade

Students

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Total

2011

Number

54

216

582

442

214

1.510

Percent

3.6%

14.4%

38.5%

29.3%

14.2%

100.0%

Science

2010

Number

65

251

581

393

172

1,462

Percent

4.4%

17.2%

39.7%

26,9%

11.8%

100.0%

2009

Number

25

234

626

417

209

1,511

Percent

1.7%

15.5%

41.4%

27.6%

13.8%

100.0%

2011

Number

34

203

665

332

276

1.510

Percent

2.3%

13.4%

44.0%

22.0%

18.3%

100.0%

Social Studies

2010

Number

31

242

634

332

222

1,461

Percem

2.1%

16.6%

43.4%

22.7%

15.2%

100.0%

1 2009 1

Number

8

277

671

313

241

1.510

Percem

0.5%

18,3%

44.4%

207%

16.0%

100,0%


The /Leap Tests


5th Grade

Students

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Total

2011

Number

30

195

587

298

202

1.312

Percent

2.3%

14.9%

44.7%

22.7%

15.4%

100%

2010

Number

29

191

530

306

126

1,184

Percent

2.4%

16.1%

44.8%

25.8%

108%

100%

2009

Number

23

176

552

343

194

1.288

Percent

1.8%

13.7%

42.9%

26.6%

15.1%

100%

2011

Number

74

138

570

229

301

1.312

Percent

5.6%

105%

43.4%

17.5%

22.9%

100%

Mathematics

2010

Number

60

145

568

199

213

1.185

Percent

5.1%

12.2%

47.9%

16.8%

18.0%

100%

1 2009 1

Number

36

123

602

251

274

1.288

Percem

3.0%

9.5%

46.7%

19.5%

21.3%

100%

5th Grade

Students

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Total

2011

Number

40

174

507

402

188

1.311

Percwit

3.1%

13.3%

38.7%

307%

14.3%

100.0%

Science

2010

Number

27

187

501

352

117

1,184

Percent

2.3%

15.8%

42.3%

29.7%

9.9%

100.0%

2009

Number

36

176

508

381

184

1,285

Percent

2.8%

13.7%

39.5%

29.6%

14.3%

100,0%

2011

Number

19

136

546

333

277

1.311

Percent

1.4%

10.4%

41.6%

25.4%

21.1%

1000%

Social Studies

2010

Number

45

113

515

291

220

1,184

Percent

3.8%

9.5%

43.5%

24.6%

16.6%

100.0%

1 2009 1

Number

29

122

694

270

167

1.282

Percent

2.3%

9.5%

54.1%

21.1%

13.0%

100,0%

S c h e d u l e 9

TaiH^pahoa Partsh School System

The /Leap Tests


6th Grade Students

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Total

2011

Number

31

191

627

359

125

1.333

Percent

2.3%

14.3%

47.0%

26.9%

9.4%

100%


2010

Number

45

221

673

327

121

1,387

Percent

3,2%

15.9%

48.5%

23.6%

6.7%

100%

2009

Number

20

196

637

350

164

1.367

Percent

1.5%

14.3%

46.6%

25.6%

12.0%

100%

2011

Number

66

145

601

270

251

1,333

Percent

5.0%

10.9%

45.1%

203%

18.8%

100%

Mathematics

2010

Number

46

153

661

256

270

1.388

Percent

3.5%

11.0%

47.6%

18.4%

19.5%

100%

1 2009 1

Number

54

132

644

229

309

1,368

Percent

3.9%

9.6%

47.1%

16,7%

22.6%

100%

6th Grade

Students

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Total

2011

Number

42

205

624

354

107

1.332

Percent

3.2%

15.4%

46.8%

26.6%

8.0%

100.0%

Science

2010

Number

26

226

591

408

134

1.385

Percent

1.9%

16.3%

42.7%

29.5%

9.7%

100.0%

2009

Number

31

223

534

385

190

1.363

Percent

2.3%

16.4%

39.2%

28.2%

13,9%

100.0%

2011

Number

123

203

557

261

188

1.332

Percent

9.2%

15.2%

41.8%

19.6%

14,1%

100.0%

Social Studies

2010

Number

94

151

627

322

191

1.385

6.8%

10.9%

45.3%

23.2%

13.8%

100.0%

1 2009 1

Number

54

132

599

357

216

1.358

PercenI

4.0%

9.7%

44,1%

26.3%

15.9%

100.0%


Ths /Leap Tests


7th Grade

Students

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Total

2011

Number

66

184

629

376

154

1,409

Percent

4.7%

1 3 1 %

44.6%

26.7%

109%

100%


2010

Number

62

176

603

417

135

1,393

Percem

4.5%

12,6%

433%

29.9%

9.7%

100%

2009

Numtwr

43

149

630

385

169

1,376

Percent

3 1 %

10.6%

45.8%

28.0%

12.3%

100%

2011

Number

52

113

624

345

272

1.406

Percent

3.7%

8.0%

44.4%

24.5%

19,3%

100%

Mathematics

2010

Number

46

95

629

344

276

1.390

Percent

3.3%

6.8%

45.3%

24.7%

19.9%

100%

1 2009 1

Number

37

102

599

338

301

1.377

Percem

2.7%

7.4%

43.5%

24.5%

21.9%

100%

7th Grade

Students

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Tolal

2011

Number

28

171

565

431

222

1,407

Percent

2.0%

12.2%

39.4%

30.6%

15.8%

100.0%

Science

2010

Number

26

183

499

459

227

1,394

Percent

1.9%

13.1%

35.8%

32.9%

16.3%

100.0%

2009

Number

26

187

494

451

213

1,371

PercenI

1.9%

13,6%

36,0%

32.9%

15.5%

100.0%

2011

Number

29

ISO

604

321

303

1.407

Percent

2 .1%

10.7%

42.9%

22.8%

21.5%

100.0%

Social Studies

2010

Number

18

161

686

309

214

1.388

Percent

1.3%

11.6%

49.4%

22.3%

15.4%

100.0%

1 2009 1

Number

30

187

647

318

184

1.366

Percent

2.2%

13.7%

47.4%

233%

13.5%

100.0%


The /Leap Tests


9th Grade

Students

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Total


2011 1 2010

Number 1 Percent 1 Number

^^^^^^I^H ^ ^ ^ ^ ^ ^ ^ ^ 1 154

^ ^ ^ ^ ^1 ^ ^ ^ ^ ^1 ^ ^ ^ ^ ^ ^ ^ ^ 1 135

^^^^^^^^^1

PercenI

1.2%

10.9%

47.2%

31.1%

9.6%

100%

2009

Number

6

159

654

441

130

1,390

Percem

0.4%

11.4%

47.1%

31.7%

9.4%

100%

Mathenf\atics

2011 2010

Number j Percent Number

^^^^^•^H

^ ^ ^ ^ ^1 I ^ ^ ^ ^ ^ ^ ^ B 626

^ ^ ^ ^ ^ ^ ^ ^ 1 273

^ ^ ^ ^ ^ ^ ^ ^ ^ 1 310

^^^^^^^^^1

4.5%

9.6%

44.5%

19.4%

22.0%

100%

1 2009

Number

69

137

608

317

258

1,389

Percent

5.0%

9.9%

43.8%

22.8%

18.6%

100%

9th Grade

Students

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Total

2011

Number

MR

MR

NR

NR

NR

0

Percent

NR

NR

NR

NR

NR

0.0%

Science

2010

Number

NR

NR

NR

NR

NR

0

Percent

NR

NR

NR

NR

NR

00%

2009

Number

NR

NR

NR

NR

NR

0

Percent

NR

NR

NR

NR

NR

00%

2011

Number

NR

NR

NR

NR

NR

0

Percent

NR

NR

NR

NR

NR

00%

Social Studies

2010

Number

NR

NR

NR

NR

NR

0

Percent

NR

NR

NR

NR

NR

00%

1 2009

Number

NR

NR

NR

NR

NR

0

Percent

NR

NR

NR

NR

NR

00%

Please note that the grade 9 ILEAP has been dropped by the Department of Education, everything at that level was moved to end of course testing

The Department of Education will be reviewing End of Course Testing and its potential inclusion for Assurar>ce purposes in time for Assurance submissions next year.

Tangipahoa Parish School Board - LLA Default...

Documents

Transcript of Tangipahoa Parish School Board - LLA Default...