Town of Urania, Louisiana: Annual Financial Statements JUNE 30, 2017

TOWN OF URANIA, LOUISIANA
Annual Financial Statements
JUNE 30, 2017

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J The Town of Urania was incorporated under the Lawrason Act, and operates under the Mayor-Board of
Alderman form of government. The Town provides the following significant services to its residents as
provided by its charter: public safety (police and fire), highways and streets, utilities (water and sewer services)
and general administrative functions, including coordination of related services with parish, state and federal
governing bodies.
T able of Contents
June 30,2017
Schedule No. Page No.
Independent Auditor's Report 1-2
Management's Discussion and Analysis 3-9
Basic Financial Statements
Statement of Net Position A 11
Statement of Activities B 12
Balance Sheet, Governmental Funds C 13
Reconciliation of the Government Funds Balance Sheet to the Government-Wide Financial

Statement of Net Position D 14
Statement of Revenues, Expenditures, and Changes in Fund Balance - Governmental Funds. E 15
Reconciliation of the Statement of Revenues, Expenditures, and Changes

in Fund Balances of Governmental Funds to the Statement of Activities F 16
Statement of Net Position, Proprietary Funds G 17
Statement of Revenues, Expenses, and Changes inNet Position - Proprietary Funds H 18
Statement of Cash Flows - Proprietary Funds I 19
Statement of Net Position - Fiduciary Fund J 20
Notes to the Basic Financial Statements 21-33
Required Supplemental Information
Statement of Revenues, Expenditures, and Changes in Fund Balance -

Budget and Actual - General Fund 35
Other Information
Schedule of Compensation Benefits and Other Payments to Agency Head or Chief

Executive Officer 37
Other Reports
Independent Auditor's 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 39-40
Schedule of Findings and Questioned Cost 41-42
Management Letter Comments 43
Management's Summary of Prior Year Findings 44
Louisiana Statewide Agreed Upon Procedures 45-57

John R. Vercher C.P.A. THE VRRCHRR GROTIP MEMBERS
A Professional Corporation of American institute of

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Certified ^Public Âccountants Certified Public Accountants
Jonathan M. Vercher M.S., C.P.A. pO R 1^0$^
[email protected] ' ' Society of Louisiana
1737 N 2"^ St. - Suite A Certified Public Accountants
Jena, Louisiana 71342
David R. Vercher M.B.A, C.P.A., C.E.E. rp i. /-zioyoQ-^ fi'iASi Association of
davidvercher@,centurytel.net ® • v ) Certified Eraud Examiners
Fax: (318) 992-4374
INDEPENDENT AUDITOR'S REPORT

Honorable Terri Corley, Mayor
Town of Urania
PC Box 339
Urania, LA 71480
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the business-type
activities, and the aggregate remaining fund information of the Town of Urania, Louisiana, as of and for the year
ended June 30, 2017, and the related notes to the financial statements, which collectively comprise the Town's
basic financial statements as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance
with accounting principles generally accepted in the United States of America; this includes the design,
implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial
statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit
in accordance with auditing standards generally accepted in the United States of America and the standards
applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of
the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the
risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the
financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no
such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of significant accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinions.
1
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective
financial position of the governmental activities, the business-type activities, and the aggregate remaining fund
information of the Town of Urania, as of September 8, 2017, and the respective changes in financial position, and,
where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally
accepted in the United States of America.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's
discussion and analysis and budgetary comparison information be presented to supplement the basic financial
statements. Such information, although not a part of the basic financial statements, is required by the
Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for
placing the basic financial statements in an appropriate operational, economic, or historical context. We have
applied certain limited procedures to the required supplementary information in accordance with auditing
standards generally accepted in the United States of America, which consisted of inquiries of management about
the methods of preparing the information and comparing the information for consistency with management's
responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the
basic financial statements. We do not express an opinion or provide any assurance on the information because the
limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the Town of Urania's basic financial statements. The Schedule of Compensation Benefits and Other
Payments to Agency Head or Chief Executive Officer is presented for purposes of additional analysis and is not a
required part of the basic financial statements.
The Schedule of Compensation of Benefits and Other Payments to Agency Head or Chief Executive Officer is the
responsibility of management and was derived from and relate directly to the underlying accounting and other
records used to prepare the basic financial statements. Such information has been subjected to the auditing
procedures applied in the audit of the basic financial statements and certain additional procedures, including
comparing and reconciling such information directly to the underlying accounting and other records used to
prepare the basic financial statements or to the basic financial statements themselves, and other additional
procedures in accordance with auditing standards generally accepted in the United States of America. In our
opinion the Schedule of Compensation Benefits and Other Payments to Agency Head or Chief Executive Officer
is fairly stated in all material respects in relation to the basic financial statements as a whole.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated September 8, 2017, on
our consideration of the Town of Urania's internal control over financial reporting and on our tests of its
compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The
purpose of that report is to describe the scope of our testing of internal control over financial reporting and
compliance and the results of that testing, and not to provide an opinion on internal control over financial
reporting or on compliance. That report is an integral part of an audit performed in accordance with Government
Auditing Standards in considering the Town of Urania's internal control over financial reporting and compliance.
The Vercher Qroup

Jena, Louisiana
September 8, 2017
TOWN OF URANIA
PO Box 339
Urania, Louisiana 71480
Tel: (318) 495-3452
Fax: (318) 495-3425
MANAGEMENT' s DISCUSSION AND ANALYSIS
As management of the Town, we offer readers of the Town of Urania's financial statements this
narrative overview and analysis of the financial activities of the Town for the fiscal year ended June 30,
2017. We encourage readers to consider the information presented here in conjunction with the Town's
financial statements.
The Management's Discussion and Analysis (MD&A) is an element of the new reporting model adopted
by the Governmental Accounting Standards Board (GASB) in their Statement No. 34 Basic Financial
Statements - and Management's Discussion and Analysis - for State and Local Governments issued
June 1999.
FINANCIAL HIGHLIGHTS
Governmental Funds
• The assets of the Town exceeded its liabilities at the close of the most recent fiscal year
by $397,565 {net position). This is a $112,649 increase from last year, mainly due to an
increase in cash and investments in the amount of $52,636.
• The Town had total revenues of $230,411, in which $59,897 came from collection of
fines and $77,170 came from fees and charges. This is a $34,616 increase from last year's
revenues, mainly due to an increase in grants in the amount of $19,203.
• The Town had total expenditures of $232,940, which is a $53,231 increase from last year,
mainly due to an increase in capital outlay in the amount of $31,559 and an increase in
general administrative expenses in the amount of $16,260.
Enterprise Funds
• The assets of the Town exceeded its liabilities at the close of the most recent fiscal year
by $3,338,530 {netposition). This is a $82,593 increase from last year.
• The Town had total revenues of $637,290, including operating revenues of $419,444,
non-operating revenues of $67, and capital grants of $217,779. This is a $79,097 decrease
from last year, mainly due to a decrease in capital grants in the amount of $108,226.
• The Town had total expenses of $495,972 in which $479,520 was for operating expenses
and $16,452 was for non-operating expenses. This is a $20,421 decrease from last year,
mainly due to a decrease in operation expenses in the amount of $31,577.
MD&A
OVERVIEW OF THE FINANCIAL STATEMENTS
This discussion and analysis is intended to serve as an introduction to the Town's basic financial
statements. The Town's basic financial statements consist of two components: 1) fund financial
statements, and 2) notes to the financial statements. This report also contains other supplementary
information in addition to the basic financial statements themselves. The Town is a special-purpose
entity engaged only in governmental activities. Accordingly, only fund financial statements are
presented as the basic financial statements.
Effective, January 1, 2004, the Town adopted Governmental Accounting Standards (GASB) Statement
No. 34, Basic Financial Statements — Management's Discussion and Analysis — for State and Local
Governments.
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 Town, like other state and local governments, uses
fund accounting to ensure and demonstrate compliance with finance-related legal requirements.
USING THIS ANNUAL REPORT
The Town's annual report consists of financial statements that show information about the Town's funds,
enterprise funds and governmental funds.
Our accountant has provided assurance in his independent accountant's report, located immediately
following this Management's Discussion and Analysis, that the basic financial statements are fairly
stated. Varying degrees of assurance are being provided by the accountant regarding the other
information included in this report. A user of this report should read the independent accountant's report
carefully to ascertain the level of assurance being provided for each of the other parts of this report.
Reporting the Town's Most Significant Funds
The Town's financial statements provide detailed information about the most significant funds. The
Town may establish other funds to help it control and manage money for particular purposes or to show
that it is meeting legal responsibilities for using grants and other money. The Town's enterprise fund
uses the following accounting approach:
All of the Town's services are reported in an enterprise fund. They are reported using the full accrual
method of accounting in which all assets and all liabilities associated with the operation of these funds
are included on the balance sheet. The focus of proprietary funds is on income measurement, which,
together with the maintenance of equity, is an important financial indication.
MD&A
GOVERNMENTAL FUNDS
Comparative Statement of Net Position as of June 30, 2017:
2016 2017 % Change

Assets
Cash & Investments $ 92,194 $ 144,830 57.1
Receivables 6,534 9,823 50.3
Other Current Assets -0- 22,859 100.0
Capital Assets, Net of Depreciation 195,771 233,152 19.1
Total Assets 294,499 410,664 39.4
Liabilities & Net Position

Accounts, Salaries, & Other Payables 9,583 13,099 36.7
Total Liabilities 9,583 13,099 36.7
Net Position
Net Investment in Capital Assets 195,771 233,152 19.1
Restricted for Debt Service -0- -0- 0.0
Unrestricted 89,145 164,413 84.4
Total Net Position $ 284,916 $ 397,565 39.5
Comparative Statement of Revenues, Expenditures, and Changes in Fund Balances for the year
ended June 30, 2017:
Revenues 2016 2017 % Change

Fees & Charges $ 76,100 $ 77,170 1.4
Taxes 11,939 12,268 2.8
Fines 57,631 59,897 3.9
Grants 42,327 61,530 45.4
Interest 129 627 386.0
Other 7,669 18,919 146.7
Total Revenues 195,795 230,411 17.7
Expenditures
General & Administrative 114,527 130,787 14.2
Police Expense 8,642 10,903 26.2
Recreational 7,423 10,549 42.1
Fire 6,018 6,936 15.3
Street & Sanitation 12,349 11,456 -7.2
Capital Outlay 30,750 62,309 102.6
Debt Service -0- -0- 0.0
Total Expenditures 179,709 232,940 29.6
Excess (Deficiency) of Revenues Over (Under) Expenditures 16,086 (2,529) -115.7
Insurance Proceeds -0- -0- 0.0

Transfers In (Out) (19,658) 64,316 427.2
Net Change in Fund Balance (3,572) 61,787 1,829.8
Prior Period Adjustment -0- 13,481 100.0
Fund Balances—Beginning 92,717 89,145 -3.9

Fund Balances—Ending S 89,145 $ 164,413 84.4
MDi&A
ENTERPRISE FUNDS
Comparative Statement of Net Position as of Jnne 30, 2017:
2016 2017 % Change

Current Assets
Cash & Cash Equivalents ; 24,219 $ 133,576 451.5
Investments 68,311 133,794 95.9
Reeeivables (Net of Allowanees For Uneolleetable) 179,014 32,095 82.1
Total Current Assets 271,544 299,465 10.3
Non-Current Assets
Restrieted Assets 109,404 20,665 -81.1
Capital Assets (Net of Aeenmnlated Depreeiation) 3,377,570 3,453,442 2.2
Total Non-Cnrrent Assets 3,486,974 3,474,107 -0.4
Total Assets 3,758,518 3,773,572 0.4
Current Liabilities
Aeeonnts, Salaries, & Other Payables 181,252 10,775 -94.1
Due to Ageney 4,055 4,437 9.4
Total Current Liabilities 185,307 15,212 -91.8
Current Liabilities Payable From Restrieted Assets

Customer Deposits 26,256 20,665 -21.3
Aeemed Interest 7,780 -0- -100.0
Current Prineiple Payable 11,976 36,609 205.7
Total Current Liabilities Payable From Restrieted Assets 46,012 57,274 24.5
Non-Current Liabilities
Revenue Bonds 271,262 362,556 33.7
Total Non-Current Liabilities 271,262 362,556 33.7
Total Liabilities 502,581 435,042 -13.4
Net Position
Net Investment in Capital Assets 3,094,330 3,054,277 -1.3
Resbieted For Debt Serviee 74,082 -0- -100.0
Unresbieted 87,525 284,253 224.8
Total Net Position 3,255,937 $ 3,338,530 2.5
MD&A
ENTERPRISE FUNDS
Comparative Statement of Revenues, Expenses, & Changes in Net Position for the year ended
2016 2017 % Change

Operating Revenues
Water Sales $ 201,665 $ 228,754 13.4
Sewer Charges 188,620 190,690 1.1
Total Operating Revenues 390,285 419,444 7.5
Operating Expenses
Administration 163,099 170,881 4.8
Operations 199,863 168,286 -15.8
Depreciation 135,689 140,353 3.4
Total Operating Expenses 498,651 479,520 -3.8
Operating Income (Loss) XI08,366J (60,076) -44.6
Non-Operating Revenues (Expenses)

Interest Earnings 97 67 -30.9
Interest Expense (17,742) (16,452) -7.3
Total Non-Operating Revenues (Expenses) (17,645) (16,385) -7.1
Income (Loss) Before Contributions & Transfers (126,011) (76,461) -39.3
Transfers In/(Out) 19,658 (64,316) -427.2
Capital Contributions 326,005 217,779 -33.2
Change in Net Position 219,652 77,002 -64.9
Prior Period Adjustment -0- 5,591 100.0
Total Net Position - Beginning 3,036,285 3,255,937 7.2

Total Net Position - Ending $ 3,255,937 $ 3,338,530 2.5
MDi&A
CAPITAL ASSETS
Capital Assets - Governmental Fund
At June 30, 2017, the Town had $233,152 invested in capital assets, including equipment.
Capital Assets at Year-End

2016 2017
Equipment $ 561,028 $ 623,337
Land 52,800 52,800
Accumulated Depreciation (418,057) (442,985)
Total T9T77
, r $ •"•••""""233,"152"
*Land in the amount of $2,000 is not being depreciated.
Capital Assets - Enterprise Fund
At June 30, 2017, the Town had $3,453,442 invested in capital assets, including the sewer system,
machinery, and equipment.
Capital Assets at Year-End

2016 2017
Sewer System $ 3,219,376 $ 3,217,226
Water System 2,486,297 2,684,118
Accumulated Depreciation (2,328,104) (2,447,902)
Total $""37377,569" $"X45T,"442"
CHANGES IN LONG-TERM DEBT
The following is a summary of bond transactions of the Town of Urania for the year ended June 30,
2017;
Revenue Bonds
Water Sewer Total
Bonds Payable 06/30/2016 $ 283,240 $ -0- $ 283,240
Principal Retirement (283,240) -0- (283,240)
Bonds Payable 06/30/2017 $ -0- $ -0- $ -0-
Certifieate of Indebtness
Water Sewer Total
Notes Payable 06/30/2016 $ -0- $ -0- $ -0-
Additional Prineipal 410,000 -0- 410,000
Prineipal Retirement (10,835) -0- (10,835)
Notes Payable 06/30/2017 $ 399,165 $ -0- $ 399,165
MD&A
CONTACTING THE TOWN^S FINANCIAL MANAGEMENT;
This financial report is designed to provide our citizens, taxpayers, customers, and creditors with a
general overview of the entity's finances and to show that the entity's accountability for the money it
receives. If you have questions about this report or need additional information, contact Mayor Terri
Corley at the Town Hall, phone number (318) 495-3452.
10
Statement A
Statement of Net Position
June 30, 2017
PRIMARY GOVERNMENT
GOVERNMENTAL BUSINESS-TYPE
ACTIVITIES ACTIVITIES TOTAL
CURRENT ASSETS
Cash $ 115,570 $ 133,576 $ 249,146
Investments 29,260 133,794 163,054
Reeeivables (Net of Allowanees for Uneolleetible) 9,823 32,095 41,918
Other Current Assets 22,859 -0- 22,859
TOTAL CURRENT ASSETS 177,512 299,465 476,977
NON-CURRENT ASSETS
Restrieted Assets -0- 20,665 20,665
Capital Assets (Net of Aeeumulated Depreeiation) 233,152 3,453,442 3,686,594
TOTAL NON-CURRENT ASSETS 233,152 3,474,107 3,707,259
TOTAL ASSETS 410,664 3,773,572 4,184,236
CURRENT LIABILITIES
Aeeounts, Salaries, & Other Payables 13,099 10,775 23,874
Due to Ageney -0- 4,437 4,437
TOTAL CURRENT LIABILITIES 13,099 15,212 28,311
CURRENT LIABILITIES PAYABLE FROM RESTRICTED ASSETS

Customer Deposits -0- 20,665 20,665
Aeerued Interest -0- -0- -0-
Current Bonds & Notes Payable -0- 36,609 36,609
TOTAL CURRENT LIABILITIES PAYABLE FROM RESTRICTED
ASSETS -0- 57,274 57,274
NON-CURRENT LIABILITIES
Bonds & Notes Payable -0- 362,556 362,556
TOTAL NON-CURRENT LIABILITIES -0- 362,556 362,556
TOTAL LIABILITIES 13,099 435,042 448,141
NET POSITION
Net Investment in Capital Assets 233,152 3,054,277 3,287,429
Restrieted for Debt Serviee -0- -0- -0-
Unrestrieted 164,413 284,253 448,666
TOTAL NET POSITION $ 397,565 $ 3,338,530 $ 3,736,095
The accompanying notes arc an integral part of this statement.
11
Statement B
Statement of Activities
For the Year Ended June 30, 2017
NET REVENUES (EXPENSES)

PROGRAM REVENUES & CHANGES OF PRIMARY GOVERNMENT
Capital Net Business
Charges for Grants & (Expenses) Governmental Type Total
Expenses Services Contributions Revenue Activities Activities Activities
Governmental Aetivities
General Government (195,559) 77,170 $ 61,530 $ (56,859) $ (56,859) $ (56,859)
Interest on Long-Term Debt -0- -0- -0- -0- -0- -0-
Total Governmental Aetivities "ffjfo" 61^530" (56,8"59)" ^ p6,859) (56,859)
Business Type Activities

Water & Sewer (479,520) 419,444 217,779 157,703 157,703 157,703
Interest on Long-Term Debt (16,452) -0- -0- (16,452) (16,452) (16,452)
Total Business Type Aetivities 41^^"" 2\l'jl9" "i4L25l"" 141,251 141,251
Total Primary Government (691,531) 496,614 $ 279,309 $ 84,392 84,392
General Revenues
Fines 59,897 -0- 59,897
Taxes 12,268 -0- 12,268
Interest Ineome 627 67 694
Donations 12,351 -0- 12,351
Other Ineome 6,568 -0- 6,568
Transfers In (Ont) 64,316 (64,316) -0-
Total General Revenues 156,027 (64,249) 91,778
Change in Net Position 99,168 77,002 176,170
Prior Period Adjustment 13,481 5,591 19,072
Net Position - Beginning 284,916 3,255,937 3,540,853

Net Position - Ending $ 397,565 $ 3,338,530 $ 3,736,095
The aeeompanying notes are an integral part of this statement.
12
statement C
Balance Sheet, Governmental Funds
June 30,2017
GENERAL
FUND
ASSETS
Cash $ 115,570
Investments 29,260
Receivables (Net of Allowances for Uncollectible) 9,823
Other Current Assets 22,859
TOTAL ASSETS 177,512
LIABILITIES
Accounts, Salaries, & Other Payables 13,099
TOTAL LIABILITIES
FUND BALANCE
Restricted for Debt Service -0-
Unassigned 164,413
TOTAL FUND BALANCE 164,413
TOTAL LIABILITIES & FUND BALANCE $ 177,512
The accompanying notes are an integral part of this statement.

13
statement D
Reconciliation of the Government Funds Balance Sheet
to the Government-Wide Financial Statement of Net Position
June 30, 2017
Amounts reported for governmental activities in the Statement of Net Position are different because:
Fund Balance, Total Governmental Funds (Statement C) $ 164,413
Capital assets used in governmental activities are not

financial resources and, therefore, are not reported in the
governmental hinds. 233,152
Long-term liabilities including bonds payable are not due

and payable in the current period and, therefore, are not
reported in the governmental funds.
Other -0-
Net Position of Governmental Activities (Statement A) $ 397,565

14
statement E
Statement of Revenues, Expenditures &
Changes in Fund Balances
Governmental Funds
GENERAL
REVENUES
Fees & Charges $ 77,170
Taxes 12,268
Fines 59,897
Grants 61,530
Interest 627
Donations 12,351
Other 6,568
TOTAL REVENUES 230,411
EXPENDITURES
General & Administrative 130,787
Police Expense 10,903
Recreational 10,549
Fire 6,936
Street & Sanitation 11,456
Capital Outlay
TOTAL EXPENDITURES 232,940
EXCESS (DEFICIENCY) OF REVENUES OVER

(UNDER) EXPENDITURES _(?'529)
OTHER FINANCING SOURCES (USES)

Insurance Proceeds -0-
Transfers In (Out) 64,316 _
TOTAL OTHER FINANCING SOURCES (USES) 16
NET CHANGE IN FUND BALANCE 61,787
PRIOR PERIOD ADJUSTMENT 13,481
FUND BALANCES-BEGINNING 89,145

FUND BALANCES-ENDING $ 164,413
15
statement F
Reconciliation of the Statement of Revenues, Expenditures,
& Changes in Fund Balances of Governmental Funds
To the Statement of Activities
Amounts reported for governmental activities in the Statement of Activities are different because:
Net Change in Fund Balances, Total Governmental Funds, Statement E $ 61,787
Governmental funds report capital outlays as expenditures. However, in

the Statement of Activities the cost of those assets is allocated over
their estimated useful lives and reported as depreciation expense. This Capital Outlay 62,309
is the amount by which capital outlays exceeded depreciation in the Current Depr. (24,928)
current period. 37,381
The issuance of long-term debt (bonds, leases, etc.) provides current

financial resources to governmental funds, while the repayment of the
principal of long-term debt consumes the current financial resources
of governmental funds. Neither transaction, however, has any effect
on net position. Also, governmental funds report the effect of issuance
costs premiums, discounts, and similar items when debt is issued,
whereas these amounts are deferred and amortized in the statement of
activities. This amount is the net effect of these differences in the
treatment of long-term debt and related items. -0-
Some expenses reported in the Statement of Activities do not require

the use of current financial resources and, therefore, are not reported as
expenditures in governmental funds. -0-
Changes in Net Position of Governmental Activities, Statement B $ 99,168
16
statement G
Statement of Net Position, Proprietary Funds
June 30, 2017
BUSINESS-TYPE
ACTIVITIES
ENTERPRISE FUNDS
(MAJOR
ENTERPRISE FUNDS)
WATER &
SEWER FUND
CURRENT ASSETS
Cash & Cash Equivalents 133,576
Investments 133,794
Receivables (Net of Allowances for Uncollectable) _3%095_
TOTAL CURRENT ASSETS ^99,465
NON-CURRENT ASSETS
Restricted Assets 20,665
Capital Assets (Net of Accumulated Depreciation) 3,453,442
TOTAL NON-CURRENT ASSETS 3,474,107
TOTAL ASSETS 3,773,572
CURRENT LIABILITIES
Accounts, Salaries, & Other Payables 10,775
Due to Agency 4,437
TOTAL CURRENT LIABILITIES 15,212
CURRENT LIABILITIES PAYABLE FROM RESTRICTED ASSETS

Customer Deposits 20,665
Current Principle Payable 36,609
TOTAL CURRENT LIABILITIES PAYABLE FROM RESTRICTED ASSETS 57,274
NON-CURRENT LIABILITIES
Revenue Bonds 362,556
TOTAL NON-CURRENT LIABILITIES 362,556
TOTAL LIABILITIES 435,042
NET POSITION
Net Investment in Capital Assets 3,054,277
Unrestricted 284,253
TOTAL NET POSITION 3,338,530
The accompanying notes are an integral part of this statement
17
statement H
Statement of Revenues, Expenses & Changes in Net Position
Proprietary Funds
June 30, 2017
BUSINESS-TYPE
ACTIVITIES-
ENTERPRISE FUNDS
(MAJOR
ENTERPRISE
FUNDS)
WATER &
SEWER FUND
OPERATING REVENUES
Water Sales $ 228,754
Sewer Charges 190,690
TOTAL OPERATING REVENUES
OPERATING EXPENSES
Administration 170,881
Operations 168,286
Depreciation 140,353
TOTAL OPERATING EXPENSES
OPERATING INCOME (LOSS) (60,076)
NON-OPERATING REVENUES (EXPENSES)

Interest Earnings 67
Interest Expense (16,452)
TOTAL NON-OPERATING REVENUES (EXPENSES) (16,385)
INCOME (LOSS) BEFORE CONTRIBUTIONS & TRANSFERS (76,461)
Transfer In/(Out) (64,316)
Capital Contributions 217,779
CHANGE IN NET POSITION 77,002
PRIOR PERIOD ADJUSTMENT 5,591
TOTAL NET POSITION - BEGINNING 3,255,937

TOTAL NET POSITION - ENDING $ 3,"338,53(r
The accompanying notes are an integral part of this statement

18
statement I
Statement of Cash Flows
Proprietary Funds
June 30, 2017
BUSINESS-TYPE
ACTIVITIES-
ENTERPRISE FUNDS
(MAJOR ENTERPRISE
FUNDS)
WATER &
SEWER FUND
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from Customers & Users 566,364
Payments to Suppliers & Employees (517,041)
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES 49,323
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES

Transfers to Other Funds (64,316)
NET CASH PROVIDED (USED) BY NONCAPITAL FINANCING ACTIVITIES (64,316)
CASH FLOWS FROM CAPITAL & RELATED FINANCING ACTIVITIES

Capital Grants 217,779
Capital Purchases (216,224)
Increase in Capital Debt 409,128
Principal on Capital Debt (293,204)
Interest Paid on Capital Debt (16,452)
NET CASH PROVIDED (USED) BY CAPITAL & RELATED FINANCING ACTIVITIES 101,027
CASH FLOWS FROM INVESTING ACTIVITIES

(Increase) Decrease in Investments & Restricted Funds 23,256
Interest & Dividends Received 67
NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES 23,323
NET INCREASE (DECREASE) IN CASH & CASH EQUIVALENTS 109,357
CASH & CASH EQUIVALENTS, BEGINNING OF YEAR 24^219

CASH & CASH EQUIVALENTS, END OF YEAR l"33,576"
RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH

PROVIDED (USED) BY OPERATING ACTIVITIES
Operating Income (Loss) (60,076)
Depreciation Expense 140,353
(Increase) Decrease in Accounts Receivable 146,919
Increase (Decrease) in Accounts Payable (170,475)
Increase (Decrease) in Due to Agency 382
Increase (Decrease) in Accrued Interest (7,780)
Increase (Decrease) Customer Deposits -0-
TOTAL ADJUSTMENTS 109,397
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES 49,323

19
Statement J
Statement of Net Position
Fiduciary Funds
June 30, 2017
PAYROLL
AGENCY
FUND
ASSETS
Cash & Cash Equivalents $ 1,387
Due from Enterprise Eund 4,437
TOTAL ASSETS 5,824
LIABILITIES
Accrued Payroll & Related 5,824
TOTAL LIABILITIES "5,824
NET POSITION
Held in Trust $ -0-
20
NOTES TO THE BASIC
FINANCIAL STATEMENTS
21
NOTES TO THE BASIC FINANCIAL STATEMENTS
(1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The Town of Urania was incorporated under the provisions of the Lawrason Act. The entity operates
under the Mayor-Board of Alderman form of government. The entity provides the following significant
services to its residents as provided by its charter: public safety (police and fire), highways and streets,
utilities (water, gas and sewer services) and general administrative functions, including coordination of
related services with parish, state, and federal governing bodies.
The accounting and reporting policies of the Town of Urania conform to generally accepted accounting
principles as applicable to governments. Such accounting and reporting procedures also conform to the
requirements of Louisiana Revised Statutes 24:517 and to the guides set forth in the Louisiana
Municipal Audit and Accounting Guide, and to the industry audit guide. Audits of State and Local
Governmental Units.
Impact of Recently Issued Accounting Principles
In December 2010, the GASB issued Statement No. 62, Codification of Accounting and Financial
Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements. GASBS
No. 62 incorporates into the GASB's authoritative literature certain accounting and financial reporting
guidance that is included in the following pronouncements issued on or before November 30, 1989,
which does not conflict with or contradict GASB pronouncements: Financial Accounting Standards
Board (FASB) Statements and Interpretations, Accounting Principles Board Opinions and Accounting
Research Bulletins of the American Institute of Certified Public Accountants' (AICPA) Committee on
Accounting Procedure. This Statement is effective for periods beginning after December 15, 2011, and
has been implemented in fiscal year 2012.
In June 2011, the GASB issued Statement No. 63, Financial Reporting of Defierred Outflows of
Resources, Defierred Inflows of Resources, and Net Position. GASBS No. 63 provides guidance for
reporting deferred outflows of resources, deferred inflows of resources, and net position in a statement
of financial position and related disclosures. The Statement of Net Assets is renamed the Statement of
Net Position and includes the following elements: assets, deferred outflows of resources, liabilities,
deferred inflows of resources, and net position. This Statement is effective for periods beginning after
December 15, 2011, and has been implemented in fiscal year 2012.
Louisiana Municipal Audit and Accounting Guide, and to the industry audit guide. Audits of State and
Local Governmental Units.
The following is a summary of certain significant accounting policies:
22

(CONTINUED)
A. GOVERNMENT-WIDE & FUND FINANCIAL STATEMENTS
The govemment-wide financial statements (i.e., the Statement of Net Position and the Statement of
changes in Net Position) report information on all of the nonfiduciary activities of the primary
government and its component units. For the most part, the effect of interfund activity has been removed
from these statements. Governmental activities, which normally are supported by taxes and
intergovernmental revenues, are reported separately from business-type activities, which rely to a
significant extent on fees and charges for support. Likewise, the primary government is reported
separately from certain legally separate component units for which the primary government is
financially accountable.
The Statement of Activities demonstrates the degree to which the direct expenses of a given function or
segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a
specific function or segment. Program revenues include 1) charges to customers or applicants who
purchase, use or directly benefit from goods, services, or privileges provided by a given function or
segment and 2) grants and contributions that are restricted to meetings the operational or capital
requirements of a particular function or segment. Taxes and other items not properly included among
program revenues are reported instead as general revenues.
Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary
funds, even though the latter are excluded from the govemment-wide financial statements. Major
individual govemmental funds and major individual enterprise funds are reported as separate columns in
the fund financial statements.
B. MEASUREMENT FOCUS, BASIS OE ACCOUNTING, & FINANCIAL STATEMENT PRESENTATION
The govemment-wide financial statements are reported using the economic resources measurement
focus and the accmal basis of accounting, as are the proprietary fund and fiduciary fund financial
statements. Revenues are recorded when eamed and expenses are recorded when a liability is incurred,
regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for
which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility
requirements imposed by the provider have been met.
Govemmental fund financial statements are reported using the current financial resources measurement
focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both
measurable and available. Revenues are considered to be available when they are collectible within the
current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the
government considers revenues to be available if they are collected within 60 days of the end of the
current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual
accounting. However, debt service expenditures, as well as expenditures related to compensated
absences and claims and judgments, are recorded only when payment is due.
23

(CONTINUED)
Property taxes, franchise taxes, licenses, and interest associated with the current fiscal period are all
considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal
period. All other revenue items are considered to be measurable and available only when cash is
received by the government.
The municipality reports the following major governmental funds:
The General Fund is the municipality's primary operating fund. It accounts for all financial
resources of the general government, except those required to be accounted for in another fund.
The municipality reports the following major proprietary funds:
• Water and Sewer Fund
As a general rule the effect of interfund activity has been eliminated from the government-wide financial
statements. Exceptions to this general rule are payments-in-lieu of taxes and other charges between the
government's enterprise operations. Elimination of these charges would distort the direct costs and
program revenues reported for the various functions concerned.
Amounts reported as program revenues include 1) charges to customers or applicants for goods,
services, or privileges provided, 2) operating grants and contributions, and 3) capital grants and
contributions, including special assessments. Internally dedicated resources are reported as general
revenues rather than as program revenues. Likewise, general revenues include all taxes.
Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating
revenues and expenses generally result from providing services and producing and delivering goods in
connection with a proprietary fund's principal ongoing operations. The principal operating revenues are
charges for services and sales taxes. Operating expenses for enterprise funds include the cost of sales
and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not
meeting this definition are reported as nonoperating revenues and expenses.
24

(CONTINUED)
C. EQUITY CLASSIEICATIONS
In the government-wide financial statements, equity is classified as Net Position and displayed in three
components as applicable. The components are as follows:
Net Investment in Capital Assets - Capital assets including restricted capital assets, when applicable, net
of accumulated depreciation.
Restricted Net Position - Net position with constraints placed on their use either by (1) external groups
such as creditors, grantors, contributors, or laws or regulations of other governments or (2) law through
constitutional provisions or enabling legislation.
Unrestricted Net Position - All other net position that does not meet the definition of "restricted" or "net
investment in capital assets."
When an expense is incurred for the purposes for which both restricted and unrestricted net position is
available, management applies restricted resources first. The policy concerning which to apply first
varies with the intended use and legal requirements. The decision is topically made by management at
the incurrence of the expense.
In the Fund Financial Statements, governmental fund equity is classified as a fund balance. The District
has implemented GASB Statement 54 "Fund Balance Reporting and Governmental Fund Type
Definitions." This Statement provides more clearly defined fund balance categories to make the nature
and extent of the constraints placed on the purposes for which resources can be used:
a. Nonspendable fund balance - amounts that are not in a spendable form (such as prepaid
expenses) or are required to be maintained intact;
b. Restricted fund balance - amounts constrained to specific purposes by their providers (such
as grantors, bondholders, and higher levels of government), through constitutional
provisions, or by enabling legislation;
c. Committed fund balance - amounts constrained to specific purposes by a government itself

using its highest level of decision-making authority; to be reported as committed, amounts
cannot be used for any other purpose unless the government takes the same highest level
action to remove or change the constraint;
d. Assigned fund balance - amounts a government intends to use for a specific purpose; intent
can be expressed by the governing body or by an official or body to which the governing
body delegates the authority;
e. Unassigned fund balance - amounts that are available for any purpose; positive amounts are
reported only in the general fund.
25

(CONTINUED)
D. FIXED ASSETS & LONG-TERM LIABILITIES
For the year ended June 30, 2017, no interest costs were capitalized for construction of fixed assets.
Depreciation of all exhaustible fixed assets is charged as an expense against its operations. Accumulated
depreciation is reported on the proprietary fund balance sheet and governmental fund Statement of
Activities. Depreciation has been provided over the estimated useful lives using the straight-line method.
The estimated useful lives are as follows:
Life In Years
Water System 40
Sewer System 40
Buildings 40
Equipment 5-10
E. CASH, CASH EQUIVALENTS, & INVESTMENTS
All cash and investments (CD's over 90 days) are reported at cost and are on deposit at federally insured
bîks.
It is the Town's policy for deposits to be 100% secured by collateral at market or par, whichever is
lower, less the amount of the Federal Deposit Insurance Corporation insurance. The Town's deposits are
categorized to give an indication of the level of risk assumed by the Town at fiscal year-end. All
deposits were secured at the year-end. The categories are described as follows:
• Category 1 — Insured or collateralized with securities held by the Town or by its agent in the
Town's name.
• Category 2 — Collateralized with securities held by the pledging financial institution's trust
department or agent in the Town's name.
• Category 3 — Uncollateralized.
Total Cash $ 457,381

FDIC (Category 1) 457,381
Securities (Category 2) 219,698
Uncollateralized (Category 3) -0-
Total Secured $ 677,079
26

(CONTINUED)
F. INVENTORIES
Immaterial amounts of inventory are maintained for general fund and enterprise fund operations and,
accordingly, these supplies are expensed as purchased.
G. ACCOUNTS RECEIVABLE & ALLOWANCE FOR BAD DEBTS
At June 30, 2017, no reserve for bad debts in the general fund was required since the estimated
uncollectible receivables outstanding were considered immaterial.
Enterprise Fund Governmental Fund

Water «& Sewer General
Fund Fund
Fees & Charges -0- 9,823
Customer 33,405 -0-
Allowanee iLm -0-
Total 32,095 9,823
H. COMPENSATED ABSENCES
The entity has no compensated absence policy.
(2) AD VALOREM TAXES
The entity levies taxes on real and business personal property located within its boundaries. The entity
utilizes the services of the LaSalle Parish Tax Assessor to assess the property values and prepare the
entity's property tax roll. The entity bills and collects its own property taxes.
Property Tax Calendar

Assessment Date January 1
Levy Date No Later Than June 1
Tax Bills Mailed On or About Getober 15
Total Taxes Are Due Deeember 31
Penalties and Interest are Added January 1
Lien Date January 1
For the year ended June 30, 2017, taxes of 2.65 mills were levied against property having a valuation of
some $2,878,340 which produced some $7,628 in revenue.
Ad Valorem Taxes are broken down as follows;
Mills
Urania General Alimony 2.65
Total 2.65
27

(CONTINUED)
(31 RESTRICTED ASSETS - PROPRIETARY FUND TYPES
At June 30, 2017, restricted assets of the Enterprise Funds were invested in either interest bearing
checking accounts or time deposits and were restricted for the following purposes:
Water
Meter Deposit 20,665
Total 20,665
(4) FIXED ASSETS
PROPERTY ENTERPRISE FUND: PLANT AND EQUIPMENT
A summary of enterprise fund property, plant, and equipment at June 30, 2017, is as follows:
Balance Additions Balance

6-30-2016 (Deletions) 6-30-2017
Water System $ 2,467,894 $ 216,224 $ 2,684,118
Water Accumulated Depreciation (1,085,780) (60,181) (1,145,961)
Net 1,382,114 156,043 1,538,157
Sewer Plant 3,217,226 -0- 3,217,226

Sewer Accumulated Depreciation (1,220,570) (81,371) (1,301,941)
Net $ 1,996,656 $ (81,371) $ 1,915,285
Enterprise fund assets are depreciated on the straight-line basis using the following useful lives:
Sewer Plant 40 Years
Water Plant 40 Years
Equipment 5-10 Years
GOVERNMENTAL FUND
A summary of governmental fund depreciable assets at June 30, 2017, is as follows:
Balance Additions Balance

6-30-2016 (Deletions) 6-30-2017
Equipment 561,028 62,309 $ 623,337
Land 52,800 -0- 52,800
Accumulated Dq)reciation (418,057) (21'?2_8} (442,985)
Net r95",7"7 f" "3"7,"3"8i ' $ 233J52""
*Land in the amount of $47,800 is not being depreciated
28

(CONTINUED)
Government fund assets are depreciated on the straight-line basis using the following useful lives;
Equipment 5-10 Years

Buildings 40 Years
(5) CHANGES IN LONG-TERM DEBT
The following is a summary of bond and note transactions of the Town of Urania for the year ended
June 30, 2017:
Revenue Bonds
Water Total
Bonds Payable 06/30/2016 $ 283,240 $ 283,240
Additional Principal -0- -0-
Principal Retirement (283,240) (283,240)
Bonds Payable 06/30/2017 $ -0- $ 0-
Certifieate of Indebtness
Water Total
Notes Payable 06/30/2016 $ -0- $ -0-
Additional Principal 410,000 410,000
Principal Retirement (10,835) (10,835)
Notes Payable 06/30/2017 $ 3997165"" $ "399,"l65""
Notes and bonds payable at June 30, 2017, are comprised of the following individual issues:
Revenue bonds administered by the Water Enterprise Fund:
$454,000 water serial bonds issued November 14, 1990, 40 year matiuity, $44,000 @ 6% with annual
installments of $2,944 and $410,000 @ 6.25% with annual installments of $27,855. -0-
Certifieates of Indebtedness (for Water Enterprise Fund):
$410,000 water certificates of indebtedness to be issued December 1, 2016,15 year maturity. $3,051 in
monthly installments at fixed 4.119%. (No bond covenants) 399,165
Total $ 399,165
29

(CONTINUED)
Provision of Revenue Bond Indenture
Under the terms of the bond indenture on outstanding utility bonds, all income and revenues of every
nature are pledged and dedicated to the retirement of said bonds and are to be set aside into the
following special funds:
(a) On or before the 20'^^ of each month, there will be set aside into a fund called the "Revenue Bond
and Interest Sinking Fund" an amount constituting one-twelfth of the next maturing installment
of principal and interest. Such transfers shall be fully sufficient to assure the prompt payment of
principal and
(b) On or before the 20^ of each month, for the water bonds, a sum of 5% of the monthly pa^mient
being; made into the sinking fund must be deposited monthly into the "Reserve Fund" until it
equals the highest combined annual debt service in any future year on all outstanding bonds.
Such amounts may be used only for the payment of maturing bonds in the "Bond and Interest
Sinking Fund" and as to which there would otherwise be default.
(c) Funds will also be set aside into a "Depreciation and Contingency Fund" at the rate of $278 per
month for the water bonds. Money in this fund may be used for the making of extraordinary
repairs as replacements to the systems, which are necessary to keep the systems in operating
condition, and is not available for maintenance and operating expenses.
Annual Requirements to Amortize all Debts
The annual requirements to amortize all debt outstanding as of June 30, 2017, including interest
s:
Water
Note
Year Ending June 30, Payable Total
2018 30,609 30,609
2019 30,609 30,609
20120 30,609 30,609
2021 30,609 30,609
2023-2027 183,045 183,045
2028-2031 146,436 146,436
Total $ 451,917 $ 451,917
30

(CONTINUED)
(6) DUE FROM (TO) OTHER FUNDS
Due From Due To

Other Funds Other Funds
Enterprise Fund -0- (4,437)
Agency Fund 4,437 -0-
Total 4,437 $
The amounts due to the Agency Fund are to pay payroll related expenses.
(7) USE OF ESTIMATES
The preparation of financial statements in conformity with generally accepted accounting principles
requires management to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reporting period. Actual results could differ from
those estimates.
(8) ENCUMBRANCES
The entity does not utilize encumbrance accounting.
(9) RETIREMENT PLANS
The entity does not offer its employees a retirement plan. All employees are in the social security
system.
(10) TRANSFERS
Transfers between funds were made for operational purposes.
31

(CONTINUED)
(11) CHANGES IN FIDUCIARY NET POSITION
The following are the transactions for the Payroll Agency Fund for the year:
Additions
Contributions 188,880
Total Additions 188,880
Deductions
Payroll & taxes 188^880
Total Deductions 188,880"
Change in Net Position -0-
Net Position-Beginning -0-

Net Position-Ending -0-
(12) ELECTED OFFICIAL'S SALARIES
Annualized
Name Title Term of Office Salary
Terri Corley
PO Box 654 Mayor 01/01/07-01/01/18 $9,600
Urania, LA 71480
Pat McDougald
PO Box 615 Board Member 01/01/07-01/01/18 $240
Urania, LA 71480
Stacie Strain
Urania, LA 71480
Jay Ivy
Urania, LA 71480
Dawn Book
Urania, LA 71480
William "Bill" Brown
Urania, LA 71480
Wayne Corley
PO Box 654 Chief of Police 01/01/07-01/01/18 $24,000
Urania, LA 71480
32

(CONTINUED)
(13) WATER AND SEWER RATES
The Town of Urania has the following water and sewer rates. The deposit amounts are listed below:
Renter $ 250
Owner $ 100
Water: (315 Customers) Minimum Charge Next

Residential $ 25.00 for T^ 2,000 gallons water used $5.00 per 1,000 gallons used thereafter
Commercial $ 50.00 for U 2,000 gallons water used $5.00 per 1,000 gallons used thereafter
Industrial & $100.00 for 2,000 gallons water used $5.00 per 1,000 gallons used thereafter
Institutional Users
Sewer: (277 Customers)

Residential Flat rate of $18.50
Commercial Flat rate of $50.00
Industrial & $600.00 for 25,000 gallons water used l.OO per 1,000 gallons used thereafter
Institutional Users
School Flat rate of $150.00
(14) PRIOR PERIOD ADJUSMENTS
1) A prior period adjustment in the amount of $13,481 was made to correct investment balance.
Error in prior year bank confirmation.
2) A prior period adjustment in the amount of S5,591 was made to correct customer deposit
liabilities. The Town had deposits on a manual system and a computer system. All deposits have
been entered into software and are reconciled.
33
REQUIRED SUPPLEMENTAL
INFORMATION
34
Statement 1
Statement of Revenues, Expenditures, & Changes in Fund Balance
Budget & Actual
General Fund
BUDGET AMOUNTS ACTUAL BUDGET

AMOUNTS VARIANCE
BUDGETARY FAVORABLE
ORIGINAL FINAL BASIS (UNFAVORABLE)
REVENUES
Fees & Charges 3i 70,000 $ 70,000 S 77,170 $ 7,170
Taxes 8,000 8,000 12,268 4,268
Fines 60,000 50,000 59,897 9,897
Grants 60,000 25,000 61,530 36,530
Interest -0- 500 627 127
Other 22,000 18,000 18,919 919
TOTAL REVENUES 220,000 171,500 230,411 58,911
EXPENDITURES
General & Ackninistrative 145,000 185,000 130,787 54,213
Police Expense 10,000 12,000 10,903 1,097
Recreational 45,000 20,000 10,549 9,451
Fire 7,000 8,000 6,936 1,064
Street & Sanitation 10,000 5,000 11,456 (6,456)
Capital Outlay 3,000 65,000 62,309 2,691
TOTAL EXPENDITURES 220,000 295,000 232,940 62,060
EXCESS (DEFICIENCY) OF REVENUES OVER

(UNDER) EXPENDITURES -0- (123,500) (2,529) 120,971
OTHER FINANCING SOURCES (USES)

Transfers In (Out) -0- 34,355 64,316 29,961
TOTAL OTHER FINANCING SOURCES (USES) -0- 34,355 64,316 29,961
NET CHANGE IN FUND BALANCE Si -0- $ (89,145) 61,787 $ 150,932
PRIOR PERIOD ADJUSTMENTS 13,481
FUND BALANCES-BEGINNING 89,145

FUND BALANCES-ENDING 164,413

35
36
Town of Urania, Louisiana
Schedule of Compensation Benefits and Other Payments
to Agency Head or Chief Executive Officer
For the Year Ended June 30,2017
Town of Urania
Mayor Terri B. Corley
Purpose Amount
Salary $ 9,600.00
Benefits-Insurance -0-
Benefits-Retirement -0-
Benefits (Expense Allowance) 3,840.00
Car Allowance -0-
V ehicle Provided by Government -0-
Per Diem -0-
Reimbursements -0-
Travel -0-
Registration Fees -0-
Conference Travel -0-
Continuing Professional Education Fees -0-
Housing -0-
Un-vouchered Expenses* -0-
Special Meals $ -0-
*An example of an un-vouchered eênse would be a travel advance.
See independent auditors report.

37
38

WW
Certified ^Public Âccountants Certified Public Accountants
Jonathan M. Vercher M.S., C.P.A. pO R 1^0$^
[email protected] ' ' Society of Louisiana
1737 N 2"^ St. - Suite A Certified Public Accountants
David R. Vercher M.B.A, C.P.A, C.E.E. i z-no Association of
Tel: (318) 992-6348 Certified Eraud Examiners
Fax: (318) 992-4374
INDEPENDENT AUDITOR'S 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
Honorable Terri Corley, Mayor
Town of Urania
PO Box 339
Urania, LA 71480
We have audited, in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards
issued by the Comptroller General of the United States, the financial statements of the governmental
activities, the business-type activities, and the aggregate remaining fund information of the Town of
Urania, Louisiana, as of and for the year ended June 30, 2017, and the related notes to the financial
statements, which collectively comprise the Town's basic financial statements and have issued our
report thereon dated September 8, 2017.
Internal Control Over Financial Reporting
In planning and performing our audit, we considered the Town of Urania's internal control over financial
reporting as a basis for designing our auditing procedures for the purpose of expressing our opinions on
the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the
Town of Urania's internal control over financial reporting. Accordingly, we do not express an opinion on
the effectiveness of the Town of Urania's internal control over financial reporting.
A deficiency in internal 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 a
combination of deficiencies, in internal control such that there is a reasonable possibility that a material
misstatement of the entity's financial statements will not be prevented, or detected and corrected on a
timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control
that is less severe than a material weakness, yet important enough to merit attention by those charged
with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this
section and was not designed to identify all deficiencies in internal control that might be material
weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies
may exist that were not identified. Given these limitations, during our audit we did not identify any
deficiencies in internal control that we consider to be material weaknesses. We did identify certain
39
deficiencies in internal control, described in the accompanying schedule of findings and questioned costs
that we consider to be significant deficiencies. (2017-1 Small Size of Entity)
Compliance and Other Matters

As part of obtaining reasonable assurance about whether the Town of Urania'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 Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and
compliance and the results of that testing, and not to provide an opinion on the effectiveness of the
entity's internal control or on compliance. This report is an integral part of an audit performed in
accordance with Government Auditing Standards in considering the entity's internal control and
compliance. Accordingly, this communication is not suitable for any other purpose.
This report is intended solely for the information and use of the audit committee, management, federal
awarding agencies and Legislative Auditor's Office and is not intended to be and should not be used by
anyone other than these specified parties. However, this report is a public document and its distribution
is not limited.
The Vercher Qroup

Jena, Louisiana
September 8, 2017
40
SCHEDULE OE EINDINGS AND QUESTIONED COST

Eor the Year Ended June 30,2017
We have audited the basic financial statements of the Town of Urania, Louisiana, as of and for the year
ended June 30, 2017, and have issued our report thereon dated September 8, 2017. We conducted our
audit in accordance with generally accepted auditing standards in the United States of America and the
standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States.
Section I - Summary of Auditor's Results
Our audit of the financial statements as of June 30, 2017, resulted in an unmodified opinion,
a. Report on Internal Control and Compliance Material to the Einancial Statements
Internal Control
Material Weaknesses Yes ^ No Significant Deficiencies IXlYes No
Compliance
Compliance Material to Financial Statements Yes ^ No
b. Eederal Awards (Not Applicable)
Internal Control
Material Weaknesses Yes No Other Conditions Yes No
Type of Opinion on Compliance Unmodified Qualified

For Major Programs Disclaimer Adverse
Are the finding required to be reported in accordance with Uniform Guidance?
Yes I I No
c. Identification of Major Programs:
CEDA Number (s) Name of Eederal Program (or Cluster)
Dollar threshold used to distinguish between Type A and Type B Programs: S 750.000
Is the auditee a Tow-risk' auditee, as defined by OMB Uniform Guidance? Yes No
41
SCHEDULE OE EINDINGS AND QUESTIONED COST - (CONT.)

Eor the Year Ended June 30,2017
Section II Einancial Statement Eindings
2017-1 Small Size of Entity (Internal Control)
Condition: Because of the small size of the Town and the lack of separation of duties of employees,
many of the important elements of good internal controls cannot always be achieved to ensure adequate
protection of the Town's cash.
Criteria: Important elements of good internal controls often require that the same employee does not
handle the functions of accounting, collections, billing, receiving and check writing.
Cause of Condition: Small size of entity and lack of employees.
Effect of Condition: Significant deficiency in internal controls.
Recommendation: We recommend that management continue to provide the necessary oversight in its
current internal control procedures, specifically in the areas of cash receipts, collection receipt activities,
recordation of those receipts, depositing of funds collected, and review of checks written.
Client Response and Corrective Action: Management will continue to provide the necessary oversight
in its current internal control procedures, specifically in the areas of cash receipts, collection receipt
activities, recordation of those receipts, depositing of funds collected, and review of checks written.
Contact Person: Terri Corley
Anticipated Completion Date: June 30, 2018
Section III Eederal Awards Eindings and Questioned Costs
Not Applicable.
42
MANAGEMENT LETTER COMMENTS
During the course of our audit, we observed conditions and circumstances that may be improved. Below
are situations that may be improved (if any) and recommendations for improvements.
CURRENT YEAR MANAGEMENT LETTER COMMENTS
No comments to report.
43
MANAGEMENT'S SUMMARY
OE PRIOR YEAR FINDINGS
Legislative Auditor
State of Louisiana
Baton Rouge, Louisiana 70804-9397
The management of the Town of Urania, Louisiana has provided the following action summaries
relating to audit findings brought to their attention as a result of their financial audit for the year ended
June 30, 2016
PRIOR YEAR FINDINGS
2016-1-1 Small Size of Entity (Unresolved)
Condition: Because of the small size of the Town and the lack of separation of duties of employees,
many of the important elements of good internal controls cannot always be achieved to ensure adequate
protection of the Town's cash.
Client Response: Management continues to provide the necessary oversight in its current internal
control procedures, specifically in the areas of cash receipts, collection receipt activities, recordation of
those receipts, depositing of funds collected, and review of checks written.
44
Jrv@,centutytel.net
Certified Public Accountants Certified Public Accountants
Jonathan M. Vercher M.S.. C.P.A. P.O. Box 1608 c .
1737 N 2-St.-Suite A rirjpH A"'™'. .
Certified Public Accountants
David R. Vercher M.B.A., C.P.A., C.E.E. Tel: (318) 992-6348 Association of
[email protected] Fax: (318)992-4374 Certified Eraud Examiners
AGREED-UPON PROCEDURES REPORT

Town of Urania, Louisiana
Independent Accountant's Report
On Applying Agreed-Upon Procedures
For the Period of July 1,2016- June 30,2017
Town of Urania
Urania, Louisiana
We have performed the procedures enumerated below, which were agreed to by Town of Urania (Entity)
and the Louisiana Legislative Auditor (LLA) on the control and compliance (C/C) areas identified in the
LLA's Statewide Agreed-Upon Procedures (SAUPs) for the fiscal period July 1, 2016 through June 30,
2017. The Entity's management is responsible for those C/C areas identified in the SAUPs.
This agreed-upon procedures engagement was conducted in accordance with attestation 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 of the
specified users of this 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.
The procedures and associated findings are as follows:
45
Written Policies and Procedures
1. Obtain the entity's written policies and procedures and report whether those written policies and
procedures address each of the following financial/business functions (or report that the entity does
not have any written policies and procedures), as applicable:
a) Budgeting, including preparing, adopting, monitoring, and amending the budget.
b) Purchasing, including (1) how purchases are initiated; (2) how vendors are added to the vendor
list; (3) the preparation and approval process of purchase requisitions and purchase orders; (4)
controls to ensure compliance with the public bid law; and (5) documentation required to be
maintained for all bids and price quotes.
c) Disbursements, including processing, reviewing, and approving.
d) Receipts, including receiving, recording, and preparing deposits.
e) Payroll/Personnel, including (1) payroll processing, and (2) reviewing and approving time and
attendance records, including leave and overtime worked.
f) Contracting, including (1) types of services requiring written contracts, (2) standard terms and
conditions, (3) legal review, (4) approval process, and (5) monitoring process.
g) Credit Cards (and debit cards, fuel cards, P-Cards, if applicable), including (1) how cards are
to be controlled, (2) allowable business uses, (3) documentation requirements, (4) required
approvers, and (5) monitoring card usage.
h) Travel and expense reimbursement, including (1) allowable expenses, (2) dollar thresholds by
category of expense, (3) documentation requirements, and (4) required approvers.
i) Ethics, including (1) the prohibitions as defined in Louisiana Revised Statute 42:1111-1121, (2)
actions to be taken if an ethics violation takes place, (3) system to monitor possible ethics
violations, and (4) requirement that all employees, including elected officials, annually attest
through signature verification that they have read the entity's ethics policy. Note: Ethics
requirements are not applicable to nonprofits.
j) Debt Service, including (1) debt issuance approval, (2) EMMA reporting requirements, (3) debt
reserve requirements, and (4) debt service requirements.
Observation: We obtained a copy of the written policies and procedures manual and read
it for the above items.
Exception: The poUcy and procedures manual did not address debt service and credit
cards.
Management's response: The town will add debt service and credit cards to its poUcy and
procedures manual.
Board (or Finance Committee, if applicable)
2. Obtain and review the board/committee minutes for the fiscal period, and:
a) Report whether the managing board met (with a quorum) at least monthly, or on a frequency in
accordance with the board's enabling legislation, charter, or other equivalent document.
46
b) Report whether the minutes referenced or included monthly budget-to-actual comparisons on the
General Fund and any additional funds identified as major funds in the entity's prior audit
(GAAP-basis).
> If the budget-to-actual comparisons show that management was deficit spending during the
fiscal period, report whether there is a formal/written plan to eliminate the deficit spending
for those entities with a fund balance deficit. If there is a formal/written plan, report whether
the meeting minutes for at least one board meeting during the fiscal period reflect that the
board is monitoring the plan.
c) Report whether the minutes referenced or included non-budgetary financial information (e.g.
approval of contracts and disbursements) for at least one meeting during the fiscal period.
Observations:
A) We read the minutes of the council meetings and found the council meets monthly.
B) Budget-to-actual comparisons are not presented each month.
C) Minutes included non-budgetary financial information such as contract approvals and
disbursement approvals.
Exception: Budget-to-actual comparisons are not presented each month.
Managements Response: Due to the small size of the entity and a lack of large transactions,
the Town only reviews and revises the budget when large unexpected transactions occur.
Bank Reconciliations
3. Obtain a listing of client bank accounts from management and management's representation that the
listing is complete.
4. Using the listing provided by management, select all of the entity's bank accounts (if five accounts
or less) or one-third of the bank accounts on a three year rotating basis (if more than 5 accounts). If
there is a change in practitioners, the new practitioner is not bound to follow the rotation established
by the previous practitioner. Note: School student activity fund accounts may he excluded from
selection if they are otherwise addressed in a separate audit or AUP engagement. For each of the
bank accounts selected, obtain bank statements and reconciliations for all months in the fiscal period
and report whether:
a) Bank reconciliations have been prepared;
b) Bank reconciliations include evidence that a member of management or a board member (with
no involvement in the transactions associated with the bank account) has reviewed each bank
reconciliation; and
c) If applicable, management has documentation reflecting that it has researched reconciling items
that have been outstanding for more than 6 months as of the end of the fiscal period.
Observation: We obtained a listing of bank accounts on bank confirmations and
management signed the confirmations to represent the Ustings were complete.
A) Bank reconciliations are prepared for all bank accounts that have activity.
47
B) Bank statements are received by a clerk that reconciles the statement. Mayor reviews
bank reconciliations monthly.
C) Inquiry found the Town reviews old outstanding items after annual audit.
Collections
5. Obtain a listing of cash/check/money order (cash) collection locations and management's

representation that the listing is complete.
Observation: We obtained the listing and management's representation that the Usting is
complete.
6. Using the listing provided by management, select all of the entity's cash collection locations (if five
locations or less) or one-third of the collection locations on a three year rotating basis (if more than 5
locations). If there is a change in practitioners, the new practitioner is not bound to follow the
rotation established by the previous practitioner. Note: School student activity funds may he
excluded from selection if they are otherwise addressed in a separate audit or AUP engagement.
For each cash collection location selected:
a) Obtain existing written documentation (e.g. insurance policy, policy manual, job description) and
report whether each person responsible for collecting cash is (1) bonded, (2) not responsible for
depositing the cash in the bank, recording the related transaction, or reconciling the related bank
account (report if there are compensating controls performed by an outside party), and (3) not
required to share the same cash register or drawer with another employee.
b) Obtain existing written documentation (e.g. sequentially numbered receipts, system report,
reconciliation worksheets, policy manual) and report whether the entity has a formal process to
reconcile cash collections to the general ledger and/or subsidiary ledgers, by revenue source
and/or agency fund additions, by a person who is not responsible for cash collections in the cash
collection location selected.
c) Select the highest (dollar) week of cash collections from the general ledger or other accounting
records during the fiscal period and:
> Using entity collection documentation, deposit slips, and bank statements, trace daily
collections to the deposit date on the corresponding bank statement and report whether the
deposits were made within one day of collection. If deposits were not made within one day
of collection, report the number of days from receipt to deposit for each day at each
collection location.
> Using sequentially numbered receipts, system reports, or other related collection
documentation, verify that daily cash collections are completely supported by
documentation and report any exceptions.
Observation:
A) We found that 1) all employees are bonded, 2) the clerk is not responsible for deposited
cash in the bank and 3) the Town only has one register due to small size of entity which
is shared.
Exception: The collection clerk shares the register with other employees due to small size
of entity.
Management's response: Management feels the cost/benefit of implementing this
procedure is prohibitive.
B) The individual that reconciles cash collections to the general ledger may be responsible
for cash collections in the cash collection location.
Exception: The collection clerk shares the register with other employees
Management's response: Management feels the cost/benefit of implementing this
procedure is prohibitive.
C) We traced daily collections to the deposit date on the corresponding bank statement
and deposits were made within one day of collection. However, after inquiry with clerk,
the Town does not always make daily deposits due to small amount of funds on hand.
Exception: Deposits not always made daily.
Managements Response: Due to the lack of cash collections, the Town can't justify making
daily deposits.
7. Obtain existing written documentation (e.g. policy manual, written procedure) and report whether
the entity has a process specifically defined (identified as such by the entity) to determine
completeness of all collections, including electronic transfers, for each revenue source and agency
fund additions (e.g. periodic confirmation with outside parties, reconciliation to utility billing after
cutoff procedures, reconciliation of traffic ticket number sequences, agency fund forfeiture monies
confirmation) by a person who is not responsible for collections.
Observation: The Town does not have written documentation, such as a policy manual or
written procedures, to determine completeness of all collections. The Town does have a
process specifically designed to determine completeness of collection, which include
receipts books and reconciliations of funds.
Exception: No written documentation (e.g. poUcy manual, written procedure) for the
Town's process defined to determine completeness of all collections.
Managements Response: The Town will create a policy or written procedure to determine
completeness of all collections.
Disbursements - General (excluding credit card/debit card/fuel card/P-Cardpurchases or payments)
8. Obtain a listing of entity disbursements from management or, alternately, obtain the general ledger
and sort/filter for entity disbursements. Obtain management's representation that the listing or
general ledger population is complete.
Observation: We obtained a general ledger from the Town and management's
representation that the general ledger population is complete.
9. Using the disbursement population from #8 above, randomly select 25 disbursements (or randomly
select disbursements constituting at least one-third of the dollar disbursement population if the entity
had less than 25 transactions during the fiscal period), excluding credit card/debit card/fuel card/P-
card purchases or payments. Obtain supporting documentation (e.g. purchase requisitions, system
screens/logs) for each transaction and report whether the supporting documentation for each
transaction demonstrated that:
a) Purchases were initiated using a requisition/purchase order system or an equivalent electronic
system that separates initiation from approval functions in the same manner as a
requisition/purchase order system.
b) Purchase orders, or an electronic equivalent, were approved by a person who did not initiate the
purchase.
c) Payments for purchases were not processed without (1) an approved requisition and/or purchase
order, or electronic equivalent; a receiving report showing receipt of goods purchased, or
electronic equivalent; and an approved invoice.
Observation: We randomly selected 25 disbursements and obtained supporting
documentation of the following:
A) Purchases were initiated using a purchase order system.
B) Purchase orders are approved by a person not initiating the purchase.
C) Purchases are not processed without an approved invoice.
10. Using entity documentation (e.g. electronic system control documentation, policy manual, written
procedure), report whether the person responsible for processing payments is prohibited from adding
vendors to the entity's purchasing/disbursement system.
Observation: Inquiry found that the person responsible for processing payments is not
prohibited from adding vendors to the Town's purchasing/disbursement system.
Exception: The Clerk is responsible for processing payments and adds vendors to the
entity's purchasing/disbursement system.
Management's response: Due to the small size of entity, proper internal controls are not
always achievable. Mayor and board approves all purchases and dual signatures are
required on all checks.
11. Using entity documentation (e.g. electronic system control documentation, policy manual, written
procedure), report whether the persons with signatory authority or who make the final authorization
for disbursements have no responsibility for initiating or recording purchases.
Observation: The mayor and council have the final authorization for disbursements and
have no responsibility for initiating or recording purchases.
12. Inquire of management and observe whether the supply of unused checks is maintained in a locked
location, with access restricted to those persons that do not have signatory authority, and report any
exceptions. Alternately, if the checks are electronically printed on blank check stock, review entity
documentation (electronic system control documentation) and report whether the persons with
signatory authority have system access to print checks.
Observation: Inquiry and observation found that unused checks are locked in the Town's
vault.
13. If a signature stamp or signature machine is used, inquire of the signer whether his or her signature is
maintained under his or her control or is used only with the knowledge and consent of the signer.
Inquire of the signer whether signed checks are likewise maintained under the control of the signer
or authorized user until mailed. Report any exceptions.
Observation: Not appUcable.
50
Credit Cards/Debit Cards/Fuel Cards/P-Cards
14. Obtain from management a listing of all active credit cards, bank debit cards, fuel cards, and P-cards
(cards), including the card numbers and the names of the persons who maintained possession of the
cards. Obtain management's representation that the listing is complete.
Observation: Management provided a listing of all credit cards and management's
representation that the Ust is complete.
15. Using the listing prepared by management, randomly select 10 cards (or at least one-third of the
cards if the entity has less than 10 cards) that were used during the fiscal period, rotating cards each
year. If there is a change in practitioners, the new practitioner is not bound to follow the rotation
established by the previous practitioner.
Observation: The Town has (1) one Visa card.
Obtain the monthly statements, or combined statements if multiple cards are on one statement, for
the selected cards. Select the monthly statement or combined statement with the largest dollar
activity for each card (for a debit card, select the monthly bank statement with the largest dollar
amount of debit card purchases) and:
a) Report whether there is evidence that the monthly statement or combined statement and
supporting documentation was reviewed and approved, in writing, by someone other than the
authorized card holder. [Note: Requiring such approval may constrain the legal authority of
certain public officials (e.g., mayor of a Lawrason Act municipality); these instances should not
be reported.)]
b) Report whether finance charges and/or late fees were assessed on the selected statements.
Observation: We obtained the monthly statement March 2017 and tested it for the
following:
A) The statement was reviewed and approved by board at monthly board meeting.
B) There were no finance charges or late fees on the statement.
16. Using the monthly statements or combined statements selected under #15 above, obtain supporting
documentation for all transactions for each of the 10 cards selected (i.e. each of the 10 cards should
have one month of transactions subject to testing).
a) For each transaction, report whether the transaction is supported by:
> An original itemized receipt (i.e., identifies precisely what was purchased)
> Documentation of the business/public purpose. For meal charges, there should also be
documentation of the individuals participating.
> Other documentation that may be required by written policy (e.g., purchase order, written
authorization.)
b) For each transaction, compare the transaction's detail (nature of purchase, dollar amount of
purchase, supporting documentation) to the entity's written purchasing/disbursement policies and
the Louisiana Public Bid Law (i.e. transaction is a large or recurring purchase requiring the
solicitation of bids or quotes) and report any exceptions.
c) For each transaction, compare the entity's documentation of the business/public purpose to the
requirements of Article 7, Section 14 of the Louisiana Constitution, which prohibits the loan,
51
pledge, or donation of funds, credit, property, or things of value, and report any exceptions (e.g.
cash advances or non-business purchases, regardless whether they are reimbursed). If the nature
of the transaction precludes or obscures a comparison to the requirements of Article 7, Section
14, the practitioner should report the transaction as an exception.
Observation: We tested the April 2017 statement for the following:
A) Itemized receipt, documentation of the business purpose and meals documented as to
the individuals participating.
B) Compared each transaction with the Town's written purchasing/disbursement policies
and the Louisiana Public Bid Law.
C) Documentation of the business/public purpose to the requirements of Article 7, Section
14 of the Louisiana Constitution.
Travel and Expense Reimbursement
17. Obtain from management a listing of all travel and related expense reimbursements, by person,
during the fiscal period or, alternately, obtain the general ledger and sort/filter for travel
reimbursements. Obtain management's representation that the listing or general ledger is
complete.
Observation: Management provided a general ledger and management's representation
that the general ledger is complete.
18. Obtain the entity's written policies related to travel and expense reimbursements. Compare the
amounts in the policies to the per diem and mileage rates established by the U.S. General Services
Administration (www.gsa.govf and report any amounts that exceed GSA rates.
Observation: We obtained the Town's written policies relating to travel and related
expense reimbursements and compared it to the per diem and mileage rates established by
the U.S. General Services Administration.
19. Using the listing or general ledger from #17 above, select the three persons who incurred the most
travel costs during the fiscal period. Obtain the expense reimbursement reports or prepaid expense
documentation of each selected person, including the supporting documentation, and choose the
largest travel expense for each person to review in detail. For each of the three travel expenses
selected:
a) Compare expense documentation to written policies and report whether each expense was
reimbursed or prepaid in accordance with written policy (e.g., rates established for meals,
mileage, lodging). If the entity does not have written policies, compare to the GSA rates (#18
above) and report each reimbursement that exceeded those rates.
b) Report whether each expense is supported by:
> An original itemized receipt that identifies precisely what was purchased. [Note: An
expense that is reimbursed based on an established per diem amount (e.g., meals) does not
require a receipt.]
> Documentation of the business/public purpose (Note: For meal charges, there should also be
documentation of the individuals participating).
52
> Other documentation as may be required by written policy (e.g., authorization for travel,
conference brochure, certificate of attendance)
c) Compare the entity's documentation of the business/public purpose to the requirements of
Article 7, Section 14 of the Louisiana Constitution, which prohibits the loan, pledge, or donation
of funds, credit, property, or things of value, and report any exceptions (e.g. hotel stays that
extend beyond conference periods or payment for the travel expenses of a spouse). If the nature
of the transaction precludes or obscures a comparison to the requirements of Article 7, Section
14, the practitioner should report the transaction as an exception.
d) Report whether each expense and related documentation was reviewed and approved, in writing,
by someone other than the person receiving reimbursement.
Observation: We selected the only two persons who incurred travel cost during the fiscal
period and chose the largest travel expense for each person.
A) We compared to written poUces and found it to be correct.
B) Each expense is supported by documentation stating the purpose and a receipt where
appUcable.
C) Compared documentation of the business purposes to the requirements of Article 7,
Section 14 of Louisiana Constitution and found no exceptions.
D) Each expense was approved by the Mayor which signs all checks which constitutes
approval in writing.
Contracts
20. Obtain a listing of all contracts in effect during the fiscal period or, alternately, obtain the general
ledger and sort/filter for contract payments. Obtain management's representation that the listing or
general ledger is complete.
Observation: We obtained a general ledger from management and management's
representation that the general ledger is complete.
21. Using the listing above, select the five contract "vendors" that were paid the most money during the
fiscal period (excluding purchases on state contract and excluding payments to the practitioner).
Obtain the related contracts and paid invoices and:
a) Report whether there is a formal/written contract that supports the services arrangement and the
amount paid.
b) Compare each contract's detail to the Louisiana Public Bid Law or Procurement Code. Report
whether each contract is subject to the Louisiana Public Bid Law or Procurement Code and:
> If yes, obtain/compare supporting contract documentation to legal requirements and report
whether the entity complied with all legal requirements (e.g., solicited quotes or bids,
advertisement, selected lowest bidder).
> If no, obtain supporting contract documentation and report whether the entity solicited
quotes as a best practice.
53
c) Report whether the contract was amended. If so, report the scope and dUraniar amount of the
amendment and whether the original contract terms contemplated or provided for such an
amendment.
d) Select the largest payment from each of the five contracts, obtain the supporting invoice,
compare the invoice to the contract terms, and report whether the invoice and related payment
complied with the terms and conditions of the contract.
e) Obtain/review contract documentation and board minutes and report whether there is
documentation of board approval, if required by policy or law (e.g. Lawrason Act or Home Rule
Charter).
Observation: We found that the Town had 1 contract during the fiscal year and we tested
them for the following:
A) There is a formal /written contract that supports the services arrangement and the
amount paid.
B) One contract was subject to the Louisiana PubUc Bid Law and documentation show
that bids were taken and administered by the Town's engineer.
C) The contracts had not been amended.
D) We selected the largest payment from the contract. Obtained the invoice
and compared the invoice to the contract terms.
E) The minutes show that the contracts were approved by council.
Payroll and Personnel
22. Obtain a listing of employees (and elected officials, if applicable) with their related salaries, and
obtain management's representation that the listing is complete. Randomly select five
employees/officials, obtain their personnel files, and:
a) Review compensation paid to each employee during the fiscal period and report whether
payments were made in strict accordance with the terms and conditions of the employment
contract or pay rate structure.
b) Review changes made to hourly pay rates/salaries during the fiscal period and report whether
those changes were approved in writing and in accordance with written policy.
Observation: We randomly selected 5 employees and tested as follows:
A) There was no employment contract and no documented pay rate structure.
B) No employees selected have a pay rate change.
Exception: The Town does not have written documentation of pay rates in employee's
personnel files.
Management's response: The Town will provide written documentation of pay rates in the
employee's personnel files.
54
23. Obtain attendance and leave records and randomly select one pay period in which leave has been
taken by at least one employee. Within that pay period, randomly select 25 employees/officials (or
randomly select one-third of employees/officials if the entity had less than 25 employees during the
fiscal period), and:
a) Report whether all selected employees/officials documented their daily attendance and leave
(e.g., vacation, sick, compensatory). (Note: Generally, an elected official is not eligible to earn
leave and does not document his/her attendance and leave. However, if the elected official is
earning leave according to policy and/or contract, the official should document his/her daily
attendance and leave.)
b) Report whether there is written documentation that supervisors approved, electronically or in
writing, the attendance and leave of the selected employees/officials.
c) Report whether there is written documentation that the entity maintained written leave records
(e.g., hours earned, hours used, and balance available) on those selected employees/officials that
earn leave.
Observation: We tested 6 employee's personnel files for the following:
A) All employees tested had daily attendance records except for one employee who was an
elected official.
B) No employees had written approval for attendance and leave.
C) Written documentation was maintained on all employees with the exception of elected
officials.
Exception: No written approval for attendance and leave.
Managements Response: Mayor verbally authorizes any days off and it is documented by
clerk on leave records. The Town will begin to document written approval for attendance
and leave.
24. Obtain from management a list of those employees/officials that terminated during the fiscal period
and management's representation that the list is complete. If applicable, select the two largest
termination payments (e.g., vacation, sick, compensatory time) made during the fiscal period and
obtain the personnel files for the two employees/officials. Report whether the termination payments
were made in strict accordance with policy and/or contract and approved by management.
Observation: The town had one employee terminate during the fiscal year and accrued
leave was documented and approved by management.
25. Obtain supporting documentation (e.g. cancelled checks, EFT documentation) relating to payroll
taxes and retirement contributions during the fiscal period. Report whether the employee and
employer portions of payroll taxes and retirement contributions, as well as the required reporting
forms, were submitted to the applicable agencies by the required deadlines.
Observation: We reviewed forms 941 and the general ledger accrual accounts and found
no deUnquent payments.
55
Ethics (excluding nonprofits)
26. Using the five randomly selected employees/officials from procedure #22 under "Payroll and
Personnel" above, obtain ethics compliance documentation from management and report whether the
entity maintained documentation to demonstrate that required ethics training was completed.
Observation: All five employees had documentation of ethics compUance.
Inquire of management whether any alleged ethics violations were reported to the entity during the
fiscal period. If applicable, review documentation that demonstrates whether management
investigated alleged ethics violations, the corrective actions taken, and whether management's
actions complied with the entity's ethics policy. Report whether management received allegations,
whether management investigated allegations received, and whether the allegations were addressed
in accordance with policy.
Observation: Inquiry found no alleged ethics violations reported to the Town during the
fiscal year.
Debt Service (excluding nonprofits)
27. If debt was issued during the fiscal period, obtain supporting documentation from the entity, and
report whether State Bond Commission approval was obtained.
Observation: Obtained supporting documentation and found the Town obtained State
Bond Commission approval on loan.
28. If the entity had outstanding debt during the fiscal period, obtain supporting documentation from the
entity and report whether the entity made scheduled debt service payments and maintained debt
reserves, as required by debt covenants.
Observation: We tested all debt and found the Town has no debt covenants with current
loan.
29. If the entity had tax millages relating to debt service, obtain supporting documentation and report
whether millage collections exceed debt service payments by more than 10% during the fiscal
period. Also, report any millages that continue to be received for debt that has been paid off.
Observation: Not appUcable.
Other
31. Inquire of management whether the entity had any misappropriations of public funds or assets. If so,
obtain/review supporting documentation and report whether the entity reported the misappropriation
to the legislative auditor and the district attorney of the parish in which the entity is domiciled.
Observation: Inquiry found no reported misappropriations of pubUc funds.
56
32. Observe and report whether the entity has posted on its premises and website, the notice required by
R.S. 24:523.1. This notice (available for download or print at www.lla.la.gov/hotlinel concerns the
reporting of misappropriation, fraud, waste, or abuse of public funds.
Observation: The Town does not have the notice posted on its premises or web site.
Exception: The Town does not have the notice posted on its premises or web site.
Management's response: The Town will have the notice posted on its premises.
We were not engaged to and did not conduct an examination or review, the objective of which would be
the expression of an opinion or conclusion, respectively, on those C/C areas identified in the SAUPs.
Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures,
other matters might have come to our attention that would have been reported to you.
The purpose of this report is solely to describe the scope of testing performed on those C/C areas identified
in the SAUPs, and the result of that testing, and not to provide an opinion on control or compliance.
Accordingly, this report is not suitable for any other purpose. Under Louisiana Revised Statute 24:513,
this report is distributed by the LLA as a public document.
TJie êrcRer ^roup

Jena, Louisiana
September 8, 2017
57

Town of Urania, Louisiana: Annual Financial Statements JUNE 30, 2017

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Town of Urania, Louisiana: Annual Financial Statements JUNE 30, 2017

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TOWN OF URANIA, LOUISIANA

Annual Financial Statements

JUNE 30, 2017

Independent Auditor's Report 1-2

Management's Discussion and Analysis 3-9

Basic Financial Statements

Statement of Net Position A 11

Balance Sheet, Governmental Funds C 13

Reconciliation of the Government Funds Balance Sheet to the Government-Wide Financial

Statement of Revenues, Expenditures, and Changes in Fund Balance - Governmental Funds. E 15

Reconciliation of the Statement of Revenues, Expenditures, and Changes

Statement of Net Position, Proprietary Funds G 17

Statement of Revenues, Expenses, and Changes inNet Position - Proprietary Funds H 18

Statement of Cash Flows - Proprietary Funds I 19

Statement of Net Position - Fiduciary Fund J 20

Notes to the Basic Financial Statements 21-33

Required Supplemental Information

Statement of Revenues, Expenditures, and Changes in Fund Balance -

Schedule of Compensation Benefits and Other Payments to Agency Head or Chief

Independent Auditor's Report on Internal Control Over Financial Reporting and on

Schedule of Findings and Questioned Cost 41-42

Management Letter Comments 43

Management's Summary of Prior Year Findings 44

Louisiana Statewide Agreed Upon Procedures 45-57

A Professional Corporation of American institute of

INDEPENDENT AUDITOR'S REPORT

Report on the Financial Statements

Management's Responsibility for the Financial Statements

Required Supplementary Information

Other Reporting Required by Government Auditing Standards

The Vercher Qroup

MANAGEMENT' s DISCUSSION AND ANALYSIS

OVERVIEW OF THE FINANCIAL STATEMENTS

FUND FINANCIAL STATEMENTS

USING THIS ANNUAL REPORT

Reporting the Town's Most Significant Funds

Comparative Statement of Net Position as of June 30, 2017:

2016 2017 % Change

Liabilities & Net Position

Revenues 2016 2017 % Change

Excess (Deficiency) of Revenues Over (Under) Expenditures 16,086 (2,529) -115.7

Insurance Proceeds -0- -0- 0.0

Net Change in Fund Balance (3,572) 61,787 1,829.8

Prior Period Adjustment -0- 13,481 100.0

Fund Balances—Beginning 92,717 89,145 -3.9

Comparative Statement of Net Position as of Jnne 30, 2017:

2016 2017 % Change

Total Assets 3,758,518 3,773,572 0.4

Current Liabilities Payable From Restrieted Assets

Total Liabilities 502,581 435,042 -13.4

2016 2017 % Change

Operating Income (Loss) XI08,366J (60,076) -44.6

Non-Operating Revenues (Expenses)

Income (Loss) Before Contributions & Transfers (126,011) (76,461) -39.3

Transfers In/(Out) 19,658 (64,316) -427.2

Capital Contributions 326,005 217,779 -33.2

Change in Net Position 219,652 77,002 -64.9

Prior Period Adjustment -0- 5,591 100.0