2013 Year End Financial Statement

Becker Rutledge, LLC

A CERTIFIED PUBLIC ACCOUNTING FIRM
Heritage Plaza, Suite 710 ° 111 Veterans Boulevard Metairie, Louisiana 70005
Telephone 504.832.1664 Facsimile 504.835.6088

ACCOUNTANTS’ COMPILATION REPORT

To the Board of Commissioners
Mid-City Security District
New Orleans, Louisiana

We have compiled the accompanying statement ot assets, liabilities and equity-cash basis ofthe
Mid-City Security District as of December 31, 2013 and the related statements of revenue and
expenses«cash basis torthe three months and twelve months ended December 31 , 2013. We have
not audited or reviewed the accompanying ñnancial statements and, accordingly, do not express an
opinion or provide any assurance about Whether the financial statements are in accordance with the
cash basis of accounting.

Management is responsible for the preparation and fair presentation ofthe financial statements in
accordance with the cash basis ot accounting and for designing, implementing, and maintaining
internal control relevant to the preparation and fair presentation of the financial statements.

Our responsibility is to conduct the compilation in accordance with Statements on Standards for
Accounting and Review Services issued by the American Institute of Certified Public Accountants.
The objective of a compilation is to assist management in presenting financial information in the
form offinancial statements Without undertaking to obtain or provide any assurance that there are no
material moditications that should be made to the financial statements.

Management has elected to omit substantially all ofthe disclosures ordinarily included in financial
statements prepared in accordance with the cash basis of accounting. lf the omitted disclosures
were included in the financial statements, they might influence the user’s conclusions about the
Company’s assetsI liabilities, equity, revenues, and expenses. Accordingly, the financial statements
are not designed for those who are not informed about such matters.

We are not independent with respect to the Mid-City Security District.

Metairie, Louisiana
January 13, 2014

Mid-City Security District
Statement of Assets, Liabilities & Equity Cash Basis
As of December 31, 2013

Dec 31. 13

ASSETS

Current Assets

Checking/Savings
Cash Accounts

FlrstNBC 1,015,970

Total Cash Accounts 1,015,970

Total Checking/Savings 1.015.970

Total Current Assets 1,015,970

TOTAL ASSETS 1,015,970

LIABILITIES & EQUITY

Equity

Restricted Net Assets 1,257,282
Net (Loss) (241,312)

Total Equity 1.015.970

TOTAL LIABILITIES & EQUITY 1,015,970

 

Mid-City Security District
Statements of Revenues and Expenses Cash Basis
Three Months and Twelve Months Ended December 31, 2013

Oct- Dec 13 Jan Dec 13

Ordinary Income/Expense

Income

Direct Public Support 17.619 955.114
Investments 4,746 20.726

Total Income 22,366 975.840

Expense

Police and Other Security 244.514 1,039,925
Automobiles for the City of NO 5.171 78,815
Contract Services 21,516 44,589
Operations 8,224 35,568

Other Types of Expenses Y 0 18.254

Total Expense 279,425 1217.152

Net Ordinary (Loss) (257.059) (241512)

Net (Loss) (257.059) (241,312)

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