Z IO N T R A V E L E R B A PT IST C H U R C H

R U ST O N ,L O U ISIA N A

A U D IT R E PO R T
FO R T W O -Y E A R PE R IO D E N D E D D E C E M B E R 31,2000

BO BB Y G R A Y
CERTIFIED PUB LIC A CCOUN TAN T

PostO f
i ce Box 1213
2072 M artin LutherK ing Jr.A venue
G-ram bling,Louisiana 71245

Underprovisions ofstate law,this reportis a public

documentA copyofthe reporthasbeensubm itted to
the entityand otherappropriate public of
ficials.The
reportis available forpublic inspection atthe Baton
Rouge of
fice ofthe LegislativeAuditorand,where
appropriate,atthe of
fice oft
,he parish clerkofcourt.
Release D ate

~[#(~

ZIO N TR A V ELE R BA PTIST C H U R C H

R uston,L ouisiana

FINAN C IAL STA TEM E N TS

AND

IN D EPEND EN T A UD ITO R 'S R EPO R T

W ITH SUPPLEM EN TAL I
N FO R M A TIO N
For the Tw o-Y ear Period E nded D ecem ber 31,2000

ZIO N TRA VELE R BA PTIST C H U R C H

R uston,Louisiana
FinancialStatem ents
A nd
IndependentA uditor'sR eport
For the Tw o-Y ear Period E nded D ecem ber 31,2000

TA BLE O F C O N TEN TS
STA TE M E N T

IndependentA uditor'sReport
FinancialStatem ents:
St
a tem entofFinancialPosition
St
a tem entofA ctivities
Statem entofCash Flow s

A
B
C

PA G E #
t
2
3
4
5

N otesto the FinancialStatem ents

Independent A uditor's Repor
t on Com pliance and
Internal Control Over FinancialRep
o r
t ing Based on a
n
A udit of Financial St
a tem ents Per
f orm ed in A ccordance
w ith G overnm entA uditing Standards
Supplem entalInform ation:
Schedule ofGra
n tFunds
Schedule ofFu
n ctionalExp
e nses

Schedule ofFindingsa
n d Questioned Costs
StatusofPriorY earFindings
M anagem ent's Corrective A ction Plan

Schedule 1
Schedule 2
Schedule 3
Schedule 4

11
12
13
14
15
16

CERTIFIED PUBLIC ACCOUN TAN T

~ Accounting Services

~ Incom e Tax Services

Telephone:(318)247-8000 ~ Fax (318)247-8010

2072 M artin LutherKing,Jr.Ave.

~ M anagem entA dvisory Services

P.O.Box 1213 ~ Gram bling,Louisiana 71245

AmericanInstituteofCertif
ied PublicAccountants ~ Society ofLouisiana Certif
ied PublicAccountants

IndependentA uditor'sReport

Pastorand Trustee Board

Zion TravelerBaptistChurch
1201 M ar
t in LutherK ing
R uston,LA .71270
Ihave audited the accom panying statem ents off
inancia
l position ofZion TravelerBaptist

Chu
r ch (a nonprof
itorganization) as ofDecember 31,1999 and 2000,and the related
statem ents of act
ivities,cash f
low s and functional expenses for the years t
h en ended.
These f
inancial statem ents are the resp
o nsibility of Zion Traveler's m anagem ent. M y
resp
o nsibility isto express a
n opinion on these financialstatem entsbased on m y audit.
I conducted m y audits in accorda
n ce w it
h audit
ing st
a nda
r ds genera
l ly accepted in the
U nited States of Am er
ica.These standards require that I plan and p
er
f orm the audit to
obtain reasonable assurance about whet
h er t
hef
ina
n cial statem ents are free of m ater
ial
m isst
a tem ent. An audit includes exam ining, on a test basis, evidence supp
or
ting the
am ountsa
n d disclosuresin t
h ef
inancialstatem ents. A n auditalso includesassessing t
he
accounting principles used a
n d signif
icant estim ates m ade by m anagem ent, as well as
eva
l uating the overa
l lf
inancialst
a tem entpresentation. Ibelieve thatm y auditprovidesa
reasonable basis form y opinion.
In m y opinion,the fina
n cial st
a tem ents referred to above presen
t fairly, in all m ater
i al
respects,the financia
l p
o sit
ion of Zion Traveler Baptist as of D ecem ber 31, 1999 and
2000, a
n d the changes in net assets and its cash flow s for the years then ended in

conform it
y with accounting principlesgenerally accep
t ed in the United St
a tes.

Certif
ied Public A ccount
a nt
Gram bling,Louisiana
M ay 28,2003

FIN AN C IA L STA TEM E N TS

STATEM ENT A
ZIO N TRAVELER BAPTIST CHURCH
STATEM ENT O F FINANCIAL PO SITIO N
FO R THE TW O YEARS ENDED DECEM BER 31,2000
1999

2000

Assets
Cash and cash equivalents
Checking accounts

Savings accounts
Certif
icates ofdeposits
Totalcash and c
a sh equivalents
Fixed assets
Land and land improvem ents

Buildings and im provem ents

Construction in progress
Furniture,fixtures,and equipm ent
Vehicles
Totalfixed assets
Less:accum ulated depreciation
Totalnetfixed assets

322.112

391.719

26,675
606,459
5,914
222.077
83,000

26,675
606,459
5,914
222,077
83,000

766.147

794.303

Totalassets

Liabilities and NetAssets

Liabilities:
Accounts payable
Payrollliabilities
Totalliabilities
NetAssets:
Unrestric
t ed netassets

Totalunrestric
t ed netassets
Tem porarily restric
t ed netassets
Totalnetassets
Totalliabilities and netassets

See accom panying notes to the financialstatements.

3

STATEM ENT B
ZIO N TRAVELER BAPTIST CHURCH
STATEM ENT O F ACTIVITIES
FO R THE TW O YEARS ENDED DECEM BER 31,2000
1999

2000

REVENUES AND OTHER SUPPO RT

Tithes and of
ferings
Specialfund donations
M iscellaneous rec
e ipts
Interestincom e

TotalRevenues and OtherSupport

EXPENSES:
Personalservic
e s and fringe benefits
Building and grounds
Pastoralm inistries
Christian education m inistries
Tutorialm inistry
G eneraloperating expenses
Supportm inistries
Benevolence m inistries
Transportation m inistries
Depreciation expense
M isc
e llaneous expenses
TotalExpenses

334,498

394,508

21,769
28,061
12,443
15,790

50,005

13,709
14,775
10,131
37,835
7,951

40.235

CHA NG E IN NET ASSETS

See accom panying notes to the f

inancialstatem ents

80,161
10,272
18,243
11,361
7,306
9,015
23,477
6,124
40,235
10.840

ZIO N TRAVELER BAPTIST CHURCH

STATEM ENT O F CASH FLOW S
FO R THE TW O YEARS ENDED DECEM BER 31,2000

31,799 $

Change in netassets

27.469

Adjustmentsto reconcile change in netassets

Cash provided by operating activities:

Decrease(increase)in receivables
Increase(decrease)in payables

1,903
40.235
42,138

Depreciation expense

Totaladjustments

Totaladjustmentsand cash provided byoperating activities

Cash and c
a sh equivalents atbeginning ofyear

31,799

69,607

290,313

322,112

112

$391.719

Cash and c
a sh equivalents atend ofyear

See accom panying notes to the financialstatements

5

Zion T raveler B aptistC hurch

R uston,L ouisiana
N otes to the FinancialStatem ents
A s ofand for the Tw o Y earsE nded D ecem ber 31,2000

1. N A TUR E O F O PER A TIO N S

The Zion TravelerBaptistChurch is a non-prof

itorganization,incorporated as
a religious corporation w hose purpose is to supportthe doctrines,beliefs,and

works a
n d to be subject to the laws,regulations,and usages of a Baptist
A ssociation of Chu
r ches, to w hich it m ay belong or to w hich it m ay be
af
f iliated.The church w as incorporated pursuantto the provisions of A ct455

of1948 (R.S.12:101- 12:155). TheArticlesofIncorporat

ion weream ended
in 1976 to grant m anagem ent resp
o nsibility to the B oard of Trustees. The
Trustees per
f orm t
h e business and prop
e rty m anagem ent dut
ies oft
h e Church
and such other duties required by law and approved by the m em bers of the

church. The Pastor of t

h e church is an ex-of
f icio m em ber of the Board of
Trustees.

The accom panying f

ina
n cial statem ents have been prepared on t
h e accrual
basis of accounting in accordance w ith generally accepted account
ing
pr
i nciples. N et assets and revenues,expenses,gains and losses are classif
i ed
based on the existence or absence ofdonor-im posed restr
iction. A ccordingly,
net a
s sets ofthe organizat
ion and changes therein are cla
s sif
ied and repor
ted
as follow s:

Netassetswhich are notsubjectto donor-

im posed restr
ictions.

Temporar
ily restr
icted net assets-Net assets subject to donorim posed restrictions w hich m ay or willbe m et,either by action of
h e organization a
t
n d/or t
h e passage of tim e. W hen a restriction
expires, tem p
o rarily restr
icted net a
s sets a
r e reclassif
ied to
unrestricted netassets a
n d rep
or
ted in the statem entofactivities as
neta
s sets released from restr
iction
s.

Permanent
ly restricted net assets-Net a
s sets subject to donorim p
o sed restriction
s that they be m aintained perm anently by the
organization. Generally, the donors of t
h ese assets p
er
m it t
he
organiz
a tion to use allorpar
t ofthe incom e earned on any related
investm entsforgenera
l orspecif
ic purposes.

ZIO N TRA VELER BAPTIST CH U RCH

R uston,Louisiana
N otesto the FinancialStatem ents
Page 2

3. Public Sur
e ,oftand R evenue

Revenue and public supportconsistsprim ar

ily oftithesand of
fer
ingsand state
gra
n ts. Grants and othercontributions ofcash and ot
h er assets are rep
o rted as
perm anently restricted ortem porarily restricted ifthey are received w ith donor
restrict
ions or restrictions designated by the governing board.Contributions,
in the for
m of tithes and of
f erings are considered to be unrestricted unless
restricted by the donor. A llassets over which the Board of Trustees exercise
discretionary controlhave been included in the GeneralFund.

The preparat
ion off
ina
n cialstatem ents in confor
m ity wit
h generally accepted
account
ing pr
i nciples requires m anagem ent to m ake estim ates and
assum ptions t
h at af
f ect certain repor
ted am oa
n ts and disclosures.
A ccordingly,actualresults could dif erfrom t
h ose estim ates.
5. Cash and Cash Eouivalents

The orga
n ization considers allh
i ghly liquid investm ents wit
h a m aturit
y of
twelve m onths or less w hen pu
r cha
s ed to be cash equivalents. Cash and ca
sh
equ
i valents, for purposes of the St
a tem ent of Cash Flow s, exclude
perm anently restricted ca
s h and ca
s h equ
i valent
s . U nderst
a te law ,the agency
m ay dep
o sit funds in dem and accounts, interest-bearing accou
n ts, m oney
m arket accou
nt
s ,ortim e dep
o sits w ith state banks organized u
n der Louisia
na
law a
n d national banks h
a ving their pr
incipal of
f ices in Louisia
n a. A s of
D ecem ber 31, 1999 and 2000,Zion Traveler Baptist Church has cash in the

am ou
n tsof$322,112 and $391,719 resp
e ctively asfollow s:
1999

Unrestr
icted
Tem p
o rar
i ly restr
icted
Perm anently restr
icted

Tot
a lcash

2000

$ 318,508

$ 388,802

3,604

2,917

$322,112

$ 391,719

6. Pension Plan

The orga
n iz
at
ion does not have a ret
irem ent prog
ra
m for its em ployees a
nd
the em ployees a
r e notm em bers ofthe St
a te of Louisiana Retirem ent System .

Em ployeesoft
h e organ
i zation a
r e m em bersofthe SocialSecur
it
y System . In

ZION TRA VELER BAPTIST CHU R CH

R uston,Louisiana
N otes to the FinancialStatem ents
Page 3
In addit
ion to the em ployees'contribut
ion of7.65% ,the church contributes an
equal am ount to the Social Security System . The organization does not

guaranteethe benef
itsgranted by the SocialSecurit
y System .
7. FunctionalA llocation ofExnenses

The costs of providing the various program s and activities have been
sum m arized on a functional basis in the Statem ent of Fu
n ctional Expenses.
A ccordingly, certain costs have been allocated am ong the program s and
supporting services benefited.
8. Com m ilm ents and Contingencies
The church has no long-term com m itm ents orcontingenciesatthe end of
i sca
f
l yearsended D ecem ber31,1999 and 2000.

Fixed assets used in t

h e non-prof
it organization are accou
n ted for in t
he
General Fund a
nda
r e stated at cost. A ssets acquired by giftor bequest a
re
recorded at t
h eir fair m a
r ket value at the date of transfer, if applicable. A
sum m ary of changes in generalf
i xed assets forthe years ended D ecem ber 31,
1999 and 2000 a
r e show n as follow s:

2000

Fixed A ssets,beginning ofyear

A ddit
ions
D eletions
Fixed A ssets atend ofyear

$ 944,125
$ 944,125

A ccu
m d a~d depreciation tota
l ed $ 496,486 and $536,721resp
e ct
ively forthe
years ended 1999 and 2000.

CERTIFIED PUBLIC ACCOUNTANT

~ A ccoun ng Services

Telephon

318)247-8000 ~ Fax (318)247-8010

~ Incom e Tax Services

2072 M artin LutherKing,Jr.Ave. ~

~ M anagem entAdvisory Services

P.O .Box 1213 ~ Gram bling,Louisiana 71245

AmericanInstituteofCertif
ied PublicAccountants ~ SocietyofLouisiana Certif
ied PublicAccountants

REPORT ON COM PLIA N CE A ND ON IN TERN A L CO N TRO L O VER

FIN AN CIAL REPORTIN G BA SED ON AN AU D IT O F FIN AN CIA L
STA TEM EN TS PERFO RM ED I
N A CCORD A N CE W ITH
G O VERN M EN T A UD ITIN G STANDARD S

Pastorand Trustee Board

Zion TravelerBaptistChurch
R uston,Louisiana

Ihave audited the f

inancialstatementsofZion TravelerBaptistChurch (a
non-prof
itorganization)asofand forthe yearsended December31,1999
a d 2000 and have issued m y reportt
n
h ereon dated M ay 28,2003. Ihave
conducted m y audit in accordance with auditing st
a ndards generally
accepted in t
h e U nited States of Am erica and t
h e standards applicable to
inancial audits cont
f
a ined in Governm entA uditing Standards, issued by
the Com ptroller Genera
l oft
h e United St
a tes.

Com plia
n ce
A s part of obtaining reasonable assurance about w hether Zion Traveler
Baptist Church's f
inancial statem ents are free of m ater
ialm isstatem ent,I
perform ed tests of its com pliance w ith certain provisions of law s,
regulations,contracts,and grants,noncom plianc
e w ith w hich could have a
direct and m ater
i al effect on the deter
m inat
ion of f
inancial statem ent
am ounts. H owever, providing an opinion on com pliance with those

provisions was nota

n objective ofmy audit,a
n d accordingly,Ido not
express such an opinion. The results ofm y tests disclosed no inst
a nces of
noncom pliance that are required to b
e reported under Governm ent
A uditmg Standards.
nternalControlOverFina
n cialRet~ortine
In planning a
n d perfor
m ing m y audit,I considered Zion Traveler Baptist
Church's internalcontroloverf
i nancialreporting in orderto determ ine m y
auditing procedures for the purpose of expressing m y opinion on the
i nancial statem ents and not to provide ~ surance on the inter
f
na
l control
over f
ina
n cia
l repor
ting. A m ateria
l weakness is a condition in which the
design orop
e ration ofone orm ore ofthe inter
n alcontrolcom ponent
s does
notreduc
e to a relatively low levelt
h er
i sk thatm isstatem ents in am ounts

thatwould be m ater
ialin relat
ion to the financialstatem ents being audited
m ay occur and notbe detected w ithin a tim ely per
i od by em ployees in the
norm alcourse of per
f orm ing their assigned functions I noted no m atters
involving inter
n al controlover f
inancialreporting and its op
e ration that I
considerto be m ater
ialweaknesses.
.

This rep
o rtis intended solely forthe infor
m ation and use ofthe Pastora
nd
Trustee Board,m a
n agem ent,a
n d ot
h ers w ithin t
h e Zion Traveler Baptist
Church and its granting authority and is not intended to be a
n d should not
be use
d by anyone othert
ha
n these specif
ied parties H ow ever,thisrepor
t
isa m atterofpublic record and its distribution isnotlim ited
.

Gram bling,Louisiana
M ay 28,2003

10

SU PPLEM E N TA L IN FO R M A TIO N

Schedule 1

ZION TRA VELER BA PTIST CHU RCH

Ruston,Louisiana
SCHEDU LE O F GRA NT FUN D S
A sofand forthe Y earsEnded D ecem ber31,1999 and 2000

STA TE GRA NT FUND S

The State Grantrevenuesa
r e used to provide additionalinstruct
iona
l tim e w ith a reduced
teacher-studentrat
io to a
l low forindividualized in~struction in m at
h ,writing,and reading.
Funding fort
h e program isprovided by t
h e Louisiana D epartm entofEducation.

12

Schedule 2

ZION TRAVELER BAPTIST CHURCH

SCHEDULE OF FUNCTIONAL EXPENSES
FO R THE TW O yEARS ENDEB DECEMBER 31.2000
2OOO

Personnelcoats
Salaries and fringe benefits
Totalpersonnelcosts
Otherexpenses
Building and grounds
Pastoralm inistries
Christian education m inistries
Tutorialm inistry
Generaloperating expenses
Supportm inistries
Be
n evolence m inistries
Transportation m inistries
Depreciation expense
M iscellaneous expense
s
Totalotherexpenses
TotalFunctionalExpenses

28,061
12,443
15,790
13,709
14,843
10,131
37,835
7,951
40,235

132

28,061
12,443
15,790
13,709
14,775
10~131
37,835
7,951
40.235

See accom panying notesto the f

inancialstatem ents

13

80,161
10,272
18,243
11,361
7,(~53
9,015
23,477
6,124
40,235

243

80,161
10,272
18,243
11,361
7,306
9,015
23,477
6,124
40,235

Schedule 3

ZIO N TRA VE LER BAP TIST CH UR C H

SCHEDULE OF FINDINGS AND QUESTIONED COSTS

TW O -YE A R PER IO D EN D IN G D EC EM BER 31,2000

FI
N DI
N G :N um ber 00-01

Louisiana Revised Statute 24:513 requires that quasi-public and ot

h er non-prof
it
organizations that receive state or federal assistance obt
a in audit services and subm it a

reportwithin six (6)mont

h sfrom t
h eendoft
h ef
iscalyear.Thechurch did notdothis.

The chu
r ch should com ply w
i th the law by engaging an auditf
inn,when applicable,and
subm itting required rep
o rting w
i thin the st
a tutory tim e fram e w hether an auditor other
applicable rep
or
t ism a
n dated.
M A NA G EM EN T R ESPO N SE

Ma
n agem ent concurs w
i t
h the f
inding a
nd w
i ll arra
n ge to com ply w
i th reporting
requirem ents in the futu
r e.See corrective action plan.

QUESTIONED CO STS
N one

14

Schedule 4

ZIO N TR A VELER BA PTIST C H UR C H

Status ofPriorYearFindings
Ther
e w ere no prioryearauditf
i ndings forZion TravelerBaptistChurch.

15

Clyde W.M cCray,Pastor

HomePhone(318)251-901I
Church Phone(318)255.0552
Fax (318)255.9586
Pamela M .Payne,Chur
c h Clerk

P.O.Box 1735
Ruston,LA 71273

M ay 28,2003

Bobby Gray
Certif
ied Public A ccountant
P.O .B ox 1213
Gram bling,LA .71245
D earM r.G ray:

In response to the f
i nding in your audit rep
o rt concerning the t
im ely contracting of
auditing services, Zion Traveler concurs w ith the f
inding and subm its the following
correct
ive action plan:
Plan of Act
ion: Zion Traveler willconsider its options atthe close ofeach f
i scalyear to
determ ine if an audit is required or som e ot
h er form of rep
o rting and w
i ll engage the
ser
v ices of a professional who is qualif
i ed to prepare said repor
t s w it
h in the tim e
prescribed.
D ate ofIm plem entation: Im m ediately
Person R esp
o nsible: D eacon W ilbertEllis

Sincerely,

Zion TravelerBapt
istChurch

16

"WHATSOEVER HE SAITH UNTO YOU,DO IT." JOHN 2:5