n^/ - app1.lla.state.la.usapp1.lla.state.la.us/PublicReports.nsf/D348FFCF41EEAD20862575B... · n^/ gt. vincent de paul baton rouge council particular council of st. vincent de paul

n^/

gT. VINCENT DE PAUL BATON ROUGE COUNCIL

PARTICULAR COUNCIL OF ST. VINCENT DE PAUL OF BATON ROUfiE. LOUISIANA

ST. VINCENT PE PAUL COMMUNITY PHARMACY. INC.

ST VINCENT DE PAUL PROPERTIES

THE SOCIETY OF ST VINCENT DE PAUL FOUNDATION

SEPTEMBER 30. 2008

BATON ROUGE. LOUISIANA

J nder provisions of state law, this report is a pubw^ Qocument. Acopy of the report has been submitted to the entity and other appropriate public officials The report IS available for public inspection at the Baton Rouge office ofthe LegislativeAuditor and where appropnate, at the office ofthe parish clerk of court

Release Date ^ j 1 1 01

«•

CONTENTS

Audited Financial Statements:

Independent Auditor's Report Page 1 - 2

Consolidated Statement of Financial Position 3

Consolidated Statement of Activities 4

Consolidated Statement of Functional Expenses 5

Consolidated Statement of Cash Flows 6

Notes to Financial Statements 7 - 12

Schedule of Expenditures of Federal Awards 13

Independent Auditor's Report on Intemal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit ofthe Financial Statements Performed in Accordance with Government Auditing Standards 14 - 15

Independent Auditor's Report on Compliance with Requirements Applicable to Each Major Program and Internal Control Over Compliance in Accordance with OMB Circular A-133 16-17

Schedule of Findings and Questioned Costs 18

Supplementary Information:

Independent Auditor's Report on the Supplementary Information 19

Consolidating Statement of Financial Position 20

Consolidating Statement of Activities 21 - 22

Hannis T. Bourgeois, LLP Certified Public Accountants

2322 Tremont Drive • Baton Rouge, LA 70809

178 Del Orieans Avenue, Suite C • Denham Springs, LA 70726

Phone: 225.928.4770 • Fax: 225.926.0945 www.htbcpa.com

January 26, 2009

Independent Auditor's Report

To St, Vincent de Paul Baton Rouge Council Particular Council of St. Vincent de Paul of Baton Rouge, Louisiana St. Vincent de Paul Community Pharmacy, Inc. St. Vincent de Paul Properties The Society of St. Vincent De Paul Foundation

Baton Rouge, Louisiana

We have audited the accompanying Consolidated Statement of Financial Position of St. Vincent de Paul Baton Rouge Council Particular Council of St. Vincent de Paul of Baton Rouge, Louisiana, St. Vincent de Paul Community Pharmacy, Inc., St. Vincent de Paul Properties, and The Society of St. Vincent de Paul Foundation (the Organizations) as of September 30, 2008, and the related Consolidated Statement of Activities, Functional Expenses and Cash Flows for the year then ended. These fmancial statements are the responsibility of the Organizations' management. Our responsibility is to express an opinion on these fmancial 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 ofthe United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the fmancial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the fmancial statements referred to above present fairly, in all material respects, the fmancial position ofthe Organizations referenced above as of September 30, 2008, and the changes in its net assets and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.

http://www.htbcpa.com

In accordance with Government Auditing Standards, we have also issued our report dated January 26,2009, on our consideration ofthe Organizations' intemal control structure over financial reporting and 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 intemal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the intemal control over fmancial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit.

Our audit was performed for the purpose of forming an opinion on the financial statements of the Organizations taken as a whole. The accompanying Schedule of Expenditures of Federal Awards (as required by U.S. Office of Management and Budget Circular A-133, Audits of States, Local Governments, andNon-Profit Organizations) is presented for purposes of additional analysis and is not a required part of the financial statements of the Organizations. Such information has been subjected to the auditing procedures applied in the audit ofthe financial statements and, in our opinion, is fairly stated, in all material respects, in relation to the financial statements taken as a whole.

Respectfully submitted.

ST. VINCENT DE PAUL BATON ROUGE COUNCIL PARTICULAR COUNCIL OF ST. VINCENT DE PAUL OF BATON ROUGE, LOUISIANA

ST. VINCENT DE PAUL COMMUNITY PHARMACY, INC. ST. VINCENT DE PAUL PROPERTIES

THE SOCIETY OF ST. VINCENT DE PAUL FOUNDATION

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS OF SEPTEMBER 30, 2008

ASSETS

Current Assets: Cash Grants Receivable Insurance Receivable Accrued Interest Prepaid Expenses Inventory

Total Current Assets

Property, Plant and Equipment, Net of Accumulated Depreciation

Other Assets

Total Assets

$ 2,009,018 205,477 253,199

12,868 25,365

277,130

2,783,057

3,250,744

3,996

$ 6,037,797

LIABILITIES AND NET ASSETS

Current Liabilities: Accounts Payable Accrued Liabilities Deferred Revenue

Total Current Liabilities

26,188 112,927 39,544

78.659

Net Assets: Uruestricted Temporarily Restricted Permanently Restricted

Total Net Assets

Total Liabilities and Net Assets

5,382,570 403,742

72,826

5,859,138

6,037,797

The accompanying notes are an integral part of this statement. 3




CONSOLIDATED STATEMENT OF ACTFVITIES

FOR THE YEAR ENDED SEPTEMBER 30, 2008

Temporarily Permanently Restricted Total

ubiic Support and Revenue: Public Support:

Contributions Conference Income Donated Facilities/Commodities/

Inventory/Pharmaceuticals/Services

Total Public Support

Revenue: Grant Income Sale of Merchandise Miscellaneous Income Gain on Disposition of Assets Interest Income

Total Revenue

Total Public Support and Revenue

Net Assets Released from Restrictions: Satisfaction of Restrictions

Unrestricted

$ 854,195 654,307

3,554,262

5,062,764

-

1,820,943 11,369

553,613 57,507

2,443,432

7,506,196

,

1,972,326

Restricted

$ 732,691 -

_

732,691

1,397,741 -

-

-

-

1,397,741

2,130,432

(1,972,326)

8,482,697 293,201 304,726

9,080,624

397,898

4,984,672

$5,382,570

-

-

-

_

158,106

245,636

$ 403,742

$ 1,586,886 654,307

3,554,262

5,795,455

1,397,741 1,820,943

11,369 553,613

57,507

3,841,173

9.636,628

Total Public Support, Revenue, and Net Assets Released from Restrictions 9,478,522 158,106 - 9,636,628

Expenses: Program Services 8,482,697 - - 8,482,697 Fund Raising 293,201 - - 293,201 Management and General 304,726 - - 304,726

Total Expenses 9,080,624 - - 9,080,624

Increase (Decrease) in Net Assets 397,898 158,106 - 556,004

Net Assets at Beginning of Year 4,984,672 245,636 72,826 5,303,134

Net Assets at End of Year $5,382,570 $ 403,742 $72,826 $ 5,859,138





CONSOL[DATED STATEMENT OF FUNCTIONAL EXPENSES


Salaries and Employee Benefits Payroll Taxes Advertising Auto Assistance to Needy Conference Expenses Dues & Publications Employee Benefits Food Supply Expense Insurance Legal and Professional Meds Direct Miscellaneous Events Printing Pharmacist Hours (Donated) Pharmaceuticals (Donated) Pharmaceuticals Purchased Repairs and Maintenance Rent Expense Store & Uniform Expense Supplies Postage Telephone Travel and Conventions Utilities

Subtotal

Depreciation

Total

Store

$ 887,352 72,372 40,421 56,477 56,713 -1,117 9,236 7,131

82,780 16,747 -

33,678 513

1,500 ---

87,597 245,606

2,098,055 26,681 3,193

33,694 344

78,043

3,839,250

46,691

$ 3,885,941

Dining Room

$ 179,737 13,291

1,567 3,857 3.759 -345

6,755 184,948 32,673 2,760 -

35,621 2,875

782 ---

22,761 --

22,412 2,027 2,398 -

24,969

543,537

40,726

$ 584,263

Shelter

$ 345,985 27,638

5,321 8,411

15,671 -686

5,609 74,160 38,997 11,033

-6,452

382 782

---

45,709 6,303 -

48,887 2,927

10,735 5.057

53,888

714,633

59,022

$ 773,655

Particular Council

$ 55,000 8,500 --

8,660 ----

13,000 900

--------

6,000 ------

92,060

-

$ 92.060

UMCOR

$ 405,574 32,859

560 10,634

---

6,732 70

37,050 5,043 -

1,208 -----575

29.608 -

9,580 1,229

23.406 3.452 -

567,580

13,367

$ 580,947

DHAP

$ 69,192 5.198 -

1.997 ---1,380 -

5,803 -146

------

10.675 -961

15 4,306

10 --

99,683

.

S 99,683

Prt

$

$

)perties

.

423

914

1,337

_

1,337

The accompanying notes are an integral part of this statement.

Council

$ -----

668,741 --------------------

668,741

.

S 668.741

Foundation

$ --------------------------

-

.

S -

Pharmacy ,

$ 191,974 14,464

159 ---

240 16,605 -

15,667 -1,200 -

62 -

34,816 1,354,439

144,574 4.962 --7,143

440 1,332 -6,138

1,794,215

1,855

$ 1,796,070

Total Program

$ 2,134,814 174,322 48,028 81,376 84,803

668,741 2,388

46,317 266,309 225,970

36,906 1,346

77,873 3,832 3,064

34,816 1,354,439

144,574 172,279 287,517

2,099,016 114,718 14,122 71,575 8,853

163,038

8,321,036

161,661

S 8,482.697

Fund Raising

$ 113,351 8,622

84,140 ---

1,152 8,734

870 3.704

132 -

5,222 10,278 25,767

---

5,893 2,500 -

9,154 9,683 3,436

563 -

293,201

.

$ 293,201

Management an

$

—

$

d General

147,372 9,471 2,744

13,035 --

1,380 14,630 12,394 7,922

12,794 -

12,013 1,371 3,126 ---

15.892 --

9,704 7.298 4,392 2.622 5.932

284,092

20,634

304.726

Total Support

$ 260,723 18,093 86,884 13,035

--

2,532 23.364 13,264 11,626 12,926

-17,235 11,649 28,893

---

21,785 2,500 -

18,858 16,981 7.828 3.185 5,932

577.293

20.634

$ 597.927

Total Program ai

$

S

nd Support

2,395,537 192,415 134,912 94,411 84,803

668,741 4,920

69,681 279,573 237,596 49,832

1,346 95.108 15,481 31,957 34,816

1,354,439 144,574 194.064 290,017

2,099,016 133,576 31.103 79.403 12,038

168,970

8,898,329

182,295

9,080,624




CONSOLIDATED STATEMENT OF CASH FLOWS


Cash Flows From Operating Activities: Increase in Net Assets Adjustments to Reconcile Increase (Decrease)

in Net Assets to Net Cash Provided by (Used in) Operating Activities:

Depreciation Gain on Disposal of Assets Changes in Assets and Liabilities:

(Increase) Decrease in Grant Receivable (Increase) Decrease in Insurance Receivable (Increase) Decrease in Accrued Interest (Increase) Decrease in Prepaid Expenses (Increase) Decrease in Inventory (Increase) Decrease in Other Assets Increase (Decrease) in Accrued Liabilities Increase (Decrease) in Accounts Payable Increase (Decrease) in Deferred Revenue

Net Cash (Used in) Operating Activities

556,004

182,295 (553,613)

(45,063) (253,199)

(10) 1,619

22,277 (80)

(31,449) (21,797)

(237,646)

(380,662)

Cash Flows From Investing Activities: Purchases of Building and Equipment Proceeds from the Sale/Disposition of Assets

Net Cash Provided by Investing Activities

Net Increase (Decrease) in Cash and Cash Equivalents

Cash and Cash Equivalents - Beginning of Year

Cash and Cash Equivalents - End of Year

(501,976) 577,799

75,823

(304,839)

2,313,857

$ 2,009,018





NOTES TO FINANCIAL STATEMENTS

SEPTEMBER 30, 2008

Note 1 - Summary of Significant Accounting Policies -

These financial statements include the activity of St. Vincent de Paul Baton Rouge Council, Particular Council of St. Vincent de Paul of Baton Rouge, Louisiana, St. Vincent de Paul Community Pharmacy, Inc., St. Vincent de Paul Properties, and The Society of St. Vincent de Paul Foundation (collectively, the "Organizations"). All significant intercompany balances and transactions have been eliminated in consolidation.

Nature of Activities

The Society of St. Vincent de Paul Baton Rouge Council ("Council") is a nonprofit corporation organized under the laws ofthe State of Louisiana for the following purpose: (a) foster, encourage and carry out the works of charity in the spirit ofthe Society of St. Vincent de Paul; (b) unite all St. Vincent de Paul Conferences in the Diocese of Baton Rouge, Louisiana; (c) ensure that all Baton Rouge St. Vincent de Paul Conferences conduct their affairs according to the Rule set forth in the manual ofthe Society of St. Vincent de Paul in the United States. The members ofthe Council are the presidents of those Baton Rouge SVDP Conferences that are aggregated and in good standing with the Council. The Organization is exempt from income taxes under 501(c)(3) ofthe Intemal Revenue Code.

The Particular Council of St. Vincent de Paul of Baton Rouge ("Particular Council") is a nonprofit corporation organized under the laws ofthe State of Louisiana for the purpose of operating salvage stores; providing a feeding facility for the needy; three shelters and one day center for the homeless; a transitional apartment complex for homeless women; and employment, rehabilitation and opportunities for personal growth to disadvantaged individuals. The sole member ofthe Particular Council is the St. Vincent de Paul Baton Rouge Council. The Organization is exempt from income taxes under Section 501(c)(3) ofthe Internal Revenue Code.

St. Vincent de Paul Community Pharmacy, Inc. ("Pharmacy") is a nonprofit corporation organized under the laws of the State of Louisiana for the purpose of providing a pharmacy for disadvantaged individuals. The sole member ofthe Pharmacy is the Particular Council of St. Vincent de Paul Baton Rouge, Louisiana. The Organization is exempt from income taxes under Section 501 (c)(3) ofthe Internal Revenue Code.

The Society of St. Vincent de Paul Foundation ("Foundation") is a nonprofit corporation organized under the laws ofthe State of Louisiana to be operated exclusively for the benefit ofthe Particular Council of St. Vincent de Paul of Baton Rouge, Louisiana. The Foundation's primary role is to raise fmancial resources for the Particular Council. The sole member ofthe Foundation is St. Vincent de Paul Baton Rouge Council. The Organization is exempt under Section 501(c)(3) ofthe Intemal Revenue Code.

St. Vincent de Paul Properties ("Properties") is a nonprofit Organization organized and operated for the exclusive purpose of holding title of property, collecting income therefrom, and tuming over the entire amount thereof, less expenses, to the Particular Council of St. Vincent de Paul of Baton Rouge, Louisiana. The sole member ofthe Properties is St. Vincent DePaul Baton Rouge Council. The Organization is exempt from income taxes under 501(c)(3) ofthe Intemal Revenue Code.

Basis of Accounting

The financial statements have been prepared on the accrual basis of accounting. Accordingly, revenues are recognized when eamed and expenses are recognized when incurred.

Basis of Presentation

The Organization is required to report information regarding its financial position and activities according to three classes of net assets: unrestricted net assets, temporarily restricted net assets, and permanently restricted net assets, as applicable.

Contributions

All contributions are considered available for unrestricted use unless specifically restricted by the donor. Amounts received that are designated for future periods or restricted by the donor for specific purposes, are reported as temporarily restricted or permanently restricted support that increases those net asset classes, depending on the nature ofthe restriction. When a restriction expires (that is, when a stipulated time restriction ends, or purpose of restriction is accomplished), temporarily restricted net assets are reclassified to unrestricted net assets and reported in the Statement of Activities as net assets released from restrictions.

Promises to Give

Unconditional promises to give are recognized as revenues or gains in the period received as assets, decreases of liabilities, or expenses depending on the form of the benefits received. Conditional promises to give are recognized when the conditions on which they depend are substantially met.

Donated Assets, Goods and Services

Land, buildings and equipment received as donations are recognized in the accompanying fmancial statements at their estimated fair market value at the date they are received.

The value of donated items received for resale in the salvage store is recognized in the accompanying financial statements at their estimated fair value only to the extent that the items were resold. Any items not resold are not recorded as donations in the fmancial statements because there is no objective basis available to value such items.

The Organization recognizes contribution revenue for certain services received at the fair value of those services provided those services create or enhance nonfmancial assets or require specialized skills which are provided by individuals possessing those skills and would typically need to be purchased if not provided by donation. During the year ended September 30,2008, donated services ofthe pharmacist were recorded as the services were performed. The value of other contributed services meeting the requirements for recognition in the financial statements was not material and has not been recorded. Nevertheless, a number of volunteers donate a significant amount of time in the operations ofthe stores and dining hall.

8

The value of donated food received at the dining hall is recognized in the accompanying financial statements based on the number of meals served. Donated pharmaceuticals are reflected as contributions at the time used.

St. Vincent de Paul donates space to two dentists to provide dental services for shelter residents. The dentists provide all of their own supplies. St. Vincent de Paul also donates space to the Baton Rouge Primary Care collaborative and Thirst for Justice. The Organization does not record donated revenue for these services because they merely provide the space.

Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Cash and Cash Equivalents

For purposes ofthe Statement of Cash Flows, the Organization considers all unrestricted highly liquid investments with an initial maturity of three months or less to be cash equivalents.

Inventory

Inventory is valued at the lower of cost or market. Cost is determined using the first-in, first-out method. Inventory is primarily purchased xmiforms.

Propertv and Equipment

Expenditures for the acquisition of property and equipment are capitalized at cost. The fair value of donated property and equipment is similarly capitalized. Depreciation is provided over the estimated useful lives ofthe assets, which range from 5 to 39 years, using the straight-line and various accelerated methods.

Contributed Facilities

The Organization operates, without charge, certain premises upon which their salvage store and shelters are located. The estimated fair rental value ofthe premises is reported as support and expense in the year in which the premises are used.

Functional Allocation of Expenses

The costs of providing the various programs and activities have been summarized on a functional basis in the Statement of Activities. Accordingly, certain costs have been allocated among the programs and supporting services benefited based on the time spent on each program.

Note 2 - Property, Plant and Equipment -

A summary of fixed assets as of September 30, 2008 follows:

St. Vincent St. Vincent Particular de Paul de Paul

Council of SVDP Pharmacy Properties

Buildings and Leasehold Improvements $ 2,199,390 $ - $ -Equipment, Furnishings and Vehicles L366,63l

Total

Less: Accumulated Depreciation

Construction in Progress

Land

3,835,548

L170,014

2,400,030

314,600

392.487

25,010

25,010

16.860

8,150

139,500

$2,199,390 1,391.641

3,591,031

1.186.874

2,404,157

314,600

531.987

$ 3,103,094 $ 8,150 $139,500 $3,250,744

Depreciation expense for the year ended September 30, 2008 was $182,295.

Note 3 - Concentrations -

Concentrations of credit risk and revenue sources are limited due to the large number of contributions comprising the Organizations' contributor base.

Cash

The Organization maintains cash accounts with commercial banks, which are insured by the Federal Deposit Insurance Corporation up to the maximum allowed. Periodically, cash may exceed the federally insured amount.

Note 4 - Net Assets Released from Restrictions -

Net Assets were released from restrictions for incurring expenses, satisfying the restricted purpose.

Restrictions accomplished:

Hurricane Disaster Funds Uniforms for Kids Vision to Reality Sheher Contributions Grants Dining Room Contributions Dental Contributions Cook Books

Total Restrictions Released

Particular Council of SVDP

$ 110,659 293,465

1,714 134,060

1,130,299 94,143

1,484 1,468

$ 1,767,292

St. Vincent de Paul

Pharmacy

$ --

-

-

205,034 -

-_

$ 205,034

Total

$ 110,659 293,465

1,714 134,060

1,335,333 94,143

1,484 1.468

$ 1,972,326

10

Note 5 - Restrictions on Net Assets -

The Organization received contributions from individuals for the purpose of helping victims of hurricane disasters. The funds are restricted for hurricane disaster related expenses.

The Organization received contributions from individuals for the purpose of purchasing school uniforms for disadvantaged children. The funds are restricted to the purchase of new uniforms.

The Organization received grants from various sources. The funds are restricted for the purpose ofthe various grants.

The Organization received contributions for the purpose of expanding the Pharmacy and other building costs. The funds are restricted for the purpose of building related expenses.

The Organization received contributions for the purpose of funding the production of Taste and See Cookbook. The funds are restricted for the purpose of expenses related to the production of the Cookbook.

Temporarily restricted net assets are available for the following purposes:

St. Vincent

Building Grants Hurricane Disaster Funds Cookbooks Uniforms for Kids

Particular Council of SVDP

$ 233,164 10,945 33,627 23,302 92.984

de Paul Pharmacy

$ -9,720

-

--

Total

$ 233,164 20,665 33,627 23,302 92.984

$ 394,022 $ 9,720 $ 403,742

During 1996, the Organization was named partial beneficiary of a charitable remainder trust terminating in 5 years. The trust terminated in September of 2001. Upon termination, funds totaling $52,826 became permanently restricted with the future income only to be used for dining room operations.

During 2001, the Organization received a $20,000 donation which was to be held in a separate account with the interest only to be used for dining room operations.

Permanently restricted net assets are available for the following purposes:

Dining Room Operations $ 72,826

Note 6 - 403(b) Program -

Effective December 1999, the Organization set up a 403(b) program for its employees. Under the program, qualified employees are able to make elective deferrals and the Organization contributes up to a maximum of 6% of qualified wages. The total contribution for the year ended September 30,2008 for the Particular Council and the Pharmacy was $60,454 and $10,436, respectively.

11

Note 7 - Lease Commitment -

The Organization has entered into various lease agreements for the use of building and warehouse space under noncancelable operating leases. Future minimum lease payments are as follows:

Fiscal Year: 2009 $164,794 2010 121,288 2011 93,775 2012 31,033

Total Future Minimum Lease Payments $ 410,890

The Organization has also entered into other lease agreements for the store locations that are renewed aimually. Total rent expense for 2008 was $290,017.

Note 8 - Hurricane Gustav -

Hurricane Gustav hit the coast of south Louisiana on September I, 2008. During this hurricane, the Plank Road store, sustained damages to the roof which resulted in a large intake of water within this location. At September 30,2008, the cost basis ofthe assets damaged totaled $269,527 with a net book value of $4,186. Management has negotiated with their insurance company and will receive proceeds of $567,799. As a result ofthe damages to the building and insurance proceeds, a gain of $563,613 has been recorded in these financial statements. At September 30, 2008, $253,199 was recorded as a receivable for the portion of insurance proceeds still owed to the Particular Council of St. Vincent de Paul. As ofthe date of this report, the entire balance of $567,799 has been received and payment to the contractor has been made.

Note 9 - Subsequent Event -

The Board ofthe Particular Council of St. Vincent de Paul of Baton Rouge (Special Works) approved in May 2008 to transfer the title of all land, buildings and improvements and the related accumulated depreciation to St. Vincent de Paul Properties. This transfer is expected to take place during the fiscal year ended September 30,2009 once the title to the properties has been transferred from Special Works to Properties. At September 30, 2008, the net book value of these assets totaled $2,430,124.

12

PARTICULAR COUNCIL OF ST. VINCENT DE PAUL OF BATON ROUGE, LOUISIANA ST. VINCENT DE PAUL COMMUNITY PHARMACY, INC.

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS


Federal Grantor/Pass-Through Grantor/Program Title

U.S. Department of Housing and Urban Development

Passed through City Parish: Emergency Shelter Program Supportive Housing Program Community Development Block Grant

CFDA

Amount of Federal Expenditures

4.231 4.235 4.218

$ 54,711 81,699 56,242

Passed through Louisiana Department of Social Services, Office of Community Services

Emergency Sheher Grants Program

Total U.S. Department of Housing and Urban Development

U.S. Department of Homeland Security

Passed through United Methodist Committee on Relief: Katrina Aid Today

Passed through United Way of America: Emergency Food and Shelter Program

Passed through Catholic Charities: Disaster Housing Assistance Program

Total U.S. Department of Homeland Security

U.S. Department of Agriculture

Passed through Louisiana Department of Education Summer Food Service

Total U.S. Department of Agriculture

U.S. Department of Health and Human Services

Passed through Louisiana Department of Health and Hospitals Comprehensive Aids Resources Emergency Act

Total U.S. Department of Health and Human Services

Total Federal Expenditures

14.231

10.559

93.914

59,811

252,463

N/A

97.024

97.109

596,645

35,856

118,830

751,331

44,409

44,409

92,900

92.900

$1,141,103

13

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



178 Del Orleans Avenue, Suite C • Denham Springs, LA 70726

Phone: 225.928.4770 • Fax: 225.926.0945

www.htbcpa.com

January 26, 2009

To Particular Council of St. Vincent de Paul of Baton Rouge, Louisiana St. Vincent de Paul Community Pharmacy, Inc.


We have audited the fmancial statements of Particular Council of St. Vincent de Paul of Baton Rouge, Louisiana, and St. Vincent de Paul Community Pharmacy, Inc., (the Organizations) as of and for the year ended September 30,2008, and have issued our report thereon dated January 26,2009. We conducted our audh in accordance with auditing standards generally accepted in the United States of America and the standards applicable to fmancial audits contained in Government Auditing Standards, issued by the Comptroller General ofthe United States.

Intemal Control Over Financial Reporting

In planning and performing our audit, we considered the Organizations' intemal control over fmancial reporting as a basis for designing our auditing procedures for the purpose of expressing our opinion on the fmancial statements but not for the purpose of expressing an opinion on the effectiveness of Organizations' intemal control over fmancial reporting. Accordingly, we do not express an opinion on the effectiveness of the Organizations' intemal control over fmancial reporting.

A control deficiency 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 misstatements on a timely basis. A significant deficiency is a control deficiency or combination of control deficiencies, that adversely affects the Organizations' ability to initiate, authorize, record, process, or report financial data reliably in accordance with generally accepted accounting principles, such that there is more than a remote likelihood that a misstatement of the Organizations' financial statements that is more than inconsequential will not be prevented or detected by the Organizations' intemal control.

A material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement ofthe financial statements will not be prevented or detected by the Organizations' intemal control.

Our consideration ofthe intemal control over financial reporting was for the limited purpose described in the first paragraph of this section and would not necessarily identify all deficiencies in the intemal control that might be significant deficiencies and, accordingly, would not necessarily disclose all significant

14


deficiencies that are also considered to be material weaknesses. We did not identify any deficiencies in internal control over financial reporting that we consider to be a material weakness, as defined above.

Compliance and Other Matters

As part of obtaining reasonable assurance about whether Organizations' 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 resuks of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

This report is intended for the Board of Directors, management, the Office ofthe Louisiana Legislative Auditor and any cognizant agency and is not intended to be and should not be used by anyone other than these specified parties. However, under the provisions of Louisiana Revised Statute 24:513, this report is distributed by the legislative auditor as a public document and its distribution is not limited.

Respectfully submitted,

'fiam/fUAi T 1 BsviA JUrWj L L P

15

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON

COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF THE FINANCIAL STATEMENTS PERFORMED IN

ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

mmmm




Phone: 225.928.4770 • Fax: 225.926.0945

www.htbcpa.com

January 26, 2009

To Particular Council of St. Vincent de Paul of Baton Rouge, Louisiana St. Vincent de Paul Community Pharmacy, Inc.


Compliance

We have audited the compliance of the Particular Council of St. Vincent de Paul of Baton Rouge, Louisiana, and St. Vincent de Paul Community Pharmacy, Inc., (the Organization) with the types of compliance requirements described in the U. S. Office of Management and Budget (OMB) Circular A-l 33 Compliance Supplement that are applicable to its major federal program for the year ended September 30, 2008. Compliance with the requirements of laws, regulations, contracts and grants applicable to its major federal programs are the responsibility ofthe Organizations' management. Our responsibility is to express an opinion on the Organizations' compliance based on our audit.

We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General ofthe United States; and OMB Circular A-133, Audits of States, Local Governments, and Non-profit Organizations. Those standards and OMB Circular A-133 require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audh includes examining, on a test basis, evidence about the Organizations' compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal determination on the Organizations' compliance with those requirements.

In our opinion, the Organizations complied, in all material respects, with the requirements referred to above that are applicable to its major federal programs for the year ended September 30, 2008.


Internal Control Over Compliance

The management ofthe Organizations is responsible for establishing and maintaining effective intemal control over compliance with requirements of laws, regulations, contracts, and grants applicable to federal programs. In planning and performing our audit, we considered the Organizations' intemal control over compliance with the requirements that could have a direct and material effect on a major federal program in order to determine our auditing procedures for the purpose of expressing our opinion on compliance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness ofthe Organizations' intemal control over compliance.

A control deficiency 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 noncompliance with a type of compliance requirement of a federal program on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the Organizations' ability to administer a federal program such that there is more than a remote likelihood that noncompliance with a type of compliance requirement of a federal program that is more than inconsequential will not be prevented or detected by the Organizations' intemal control.

A material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that material noncompliance with a type of compliance requirement of a federal program will not be prevented or detected by the Organizations' intemal control.

Our consideration of intemal control over compliance was for the limited purpose in the first paragraph of this section and would not necessarily identify all deficiencies in intemal control that might be significant deficiencies or material weaknesses. We did not identify any deficiencies in intemal controls over compliance that we consider to be material weaknesses, as defined above.

This report is intended for the Board of Directors, management, the Office ofthe Louisiana Legislative Auditor and any cognizant agency, and is not intended to be and should not be used by anyone other than these specified parties. However, under the provisions of Louisiana Revised Statute 24:513, this report is distributed by the legislative auditor as a public document and its distribution is not limited.

Respectfiilly submitted.

17

PARTICULAR COUNCIL OF ST. VINCENT DE PAUL OF BATON ROUGE, LOUISIANA ST. VINCENT DE PAUL COMMUNITY PHARMACY, INC.

SCHEDULE OF FINDINGS AND QUESTIONED COSTS


As required by U.S. Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, the following is a sununary ofthe results of our audit:

* Tj^e of report issued on financial statements - unqualified.

* Type of report issued on compliance for major programs - unquahfied.

* The results of audit procedures disclosed no material noncompliance in the major program.

* The results of audit procedures disclosed no questioned costs.

* Our audit disclosed no findings which are required to be reported under Section 510(a).

* The following programs were determined to be major programs:

CFDA Number U.S. Department of Homeland Security

Passed through United Methodist Committee on Relief: Katrina Aid Today N/A 596,645

Passed through Catholic Charities: Disaster Housing Assistance Program 97.109 118.830

Total U.S. Department of Homeland Security 715,475

* The dollar threshold used to distinguish between Type A and Type B programs was $300,000 as specified under Section 520(b).

* The Particular Council of St. Vincent de Paul of Baton Rouge and St. Vincent de Paul Pharmacy was determined to be a low risk auditee under Section 530.

18

n i W M i

SUPPLEMENTARY INFORMATION




Phone: 225.928.4770 • Fax: 225.926.0945

www.htbcpa.com

January 26, 2009

Independent Auditor's Report on the Supplementarv Information

To St. Vincent de Paul Baton Rouge Council Particular Council of St. Vincent de Paul of Baton Rouge, Louisiana St. Vincent de Paul Community Pharmacy, Inc. St. Vincent de Paul Properties The Society of St. Vincent de Paul Foundation


Our report on our audit ofthe basic financial statements ofthe St. Vincent de Paul Baton Rouge Council, Particular Council of St. Vincent de Paul of Baton Rouge, Louisiana, St. Vincent de Paul Community Pharmacy, Inc., St. Vincent de Paul Properties, and The Society of St. Vincent de Paul Foundation forthe year ended September 30, 2008, appears on page 1. Our audh was made for the purpose of forming an opinion on the consolidated financial statements taken as a whole. The supplementary information is presented for purposes of additional analysis and is not a required part of the consolidated financial statements. Such information has been subjected to the auditing procedures applied in the audit ofthe consolidated financial statements and, in our opinion, is fairly stated in all material respects in relation to the consolidated financial statements taken as a whole.

Respectfully submitted,

T^ojYwuA) T ! BffUA^MuUj L L P





CONSOLIDATING STATEMENT OF FfMANCIAL POSITION

AS OF SEPTEMBER 30, 2008

ASSETS

Current Assets: Cash Grants Receivable Insurance Receivable Accmed Interest Prepaid Expenses Inventory Due From Related Entities

Total Current Assets Property, Plant and Equipment, Net of Accumulated Depreciation

Other Assets

St. Vincent dePaul

Councils

$ 163,053 -

-

-

-

-

1,969

165,022

--

Particular Council of St. Vincent

dePaul (Special Works)

$ 1,753,253 $ 156,884 253,199

12,868 18,439

264,372 6,180

2,465,195

3,103,094 3,996

St. Vincent dePaul

Properties

-

-

-

-.

-

2,000

2,000

139,500 _

Total Assets $ 165,022 $ 5,572,285 $

LIABILITIES AND NET ASSETS

Current Liabilities: Accounts Payable Accrued Liabilities Due To Related Entities Deferred Revenue

Total Current Liabilities

Net Assets: Unrestricted Temporarily Restricted Permanently Restricted

Total Net Assets

Total Liabilities and Net Assets

165,022 5,028,438


141,500

$

-

-

-

-

165,022 -

-

8,805 $ 101,249 403,969

29,824

543,847

4,561,590 394,022

72,826

-

-

1,500 -

1,500

140,000 --

140,000

$ 165,022 $ 5,572,285 $ 141,500

mm

St. Vincent dePaul

Foundation

-

-

-

-

-

400,000

400,000

_

-

400,000

-

-

-

$

$

$

St. Vincent dePaul

Pharmacy

92,712 48,593

-

-

6,926 12,758

-

160,989

8,150 -

169,139

17,383 11,678 4,680 9,720

$

-

$

$

Eliminations

-

-

-

-

-

(410,149)

(410,149)

-

-

(410,149)

-

(410,149) -

$

-

$

$

Total

2,009,018 205,477 253,199

12,868 25,365

277,130 -

2,783,057

3,250,744 3,996

6,037,797

26,188 112,927

-

39,544

43,461 (410,149) 78,659

400,000

400,000

115,958

9,720

125,678

5,382,570

403,742

72,826

5,859,138

400,000 $ 169,139 $ (410,149) $ 6,037,797




CONSOLIDATING STATEMENT OF ACTIVITIES


CHANGES IN UNRESTRICTED NET ASSETS:

Unrestricted Public Support and Revenues;

Contributions Conference Income Donated Facilities/Commodities/

Inventory/Pharmaceuticals/Services Sale of Merchandise Interest Income Gain on Disposition of Assets Miscellaneous Net Assets Released From

Restrictions

St. Vincent dePaul

Councils

$

654,307

-

-

-

-

-

_

Total Unrestricted Public Support and Revenues

Expenses: Program Services Fund Raising Management and General

Total Expenses

Increase (Decrease) in Unrestricted Net Assets

654,307

Particular Council St. Vincent St. Vincent

dePaul dePaul (Special Works) Properties

7,094,725

$

654,307

-

-

-

-

-

-

$ 719,093 -

2,165,007 1,820,943

57,467 553,613

11,310

1,767,292

$

-

-

-

-

-

-

-

668,741

668,741

(14,434)

6,121,549 277,296 281,844

6,680,689

414,036

1,337

1,337

(U337)

(CONTINUED) 21

St. Vincent dePaul

Foundation

St. Vincent dePaul

Pharmacy Eliminations Total

$ 240,102 $ (105,000) $ 854,195

654,307

-

-

-

-

-

-

1,472,655 -

40 -

59

205,034

(83,400) -

-

-

-

-

3,554,262 1,820,943

57,507 553,613

11,369

1,972,326

1,917,890 (188,400) 9,478,522

-

_

1,801,770 53,405 63,082

1,918,257

(367)

(110,700) (37,500) (40,200)

(188,400)

8,482,697 293,201 304,726

9,080,624

397,898

«^Mi

Particular Council St. Vincent St. Vincent St. Vincent

dePaul dePaul dePaul Councils (Special Works) Properties

CHANGES IN TEMPORARILY RESTRICTED NET ASSETS:

Restricted Public Support and Revenues: Contributions Grant Income Net Assets Released from Restrictions

Increase (Decrease) in Temporarily Restricted Net Assets

Increase (Decrease) in Net Assets

Net Assets, Beginning of Year Transfer to (from) Properties and Foundation

Net Assets, End of Year

$

(14,434)

179,456

$ 165,022

$

$

732,691

1,182,987

(1,767,292)

148,386

562,422

4,869,353

(403,337)

5,028,438

$

(1,337)

138,000

3,337

$ 140,000


St. Vincent St. Vincent dePaul dePaul

Foundation Pharmacy Eliminations Total

$

400,000

$ 400,000

$

$

214,754

(205,034)

9,720

9,353

116,325

125,678

$

-

$

$ 732,691

1,397,741

(1,972,326)

158,106

556,004

5,303,134

$ 5,859,138

mmmmmmma^m^mmmm^^mammmrnKma^mmmmm

Documents

n^/ - app1.lla.state.la.usapp1.lla.state.la.us/PublicReports.nsf/D348FFCF41EEAD20862575B... · n^/ gt. vincent de paul baton rouge council particular council of st. vincent de paul