By JIM BUTLER

Audit reports:

Library 

The Rapides Library had cash and cash equivalents of $10.2 million at the close of its fiscal year December 31, according to an audit report released this week.

It should be noted that most of the system’s $8 million in annual property tax revenue (7.08 mils) is collected at year’s end.

The library net position increased to $24.4 million from $23 million a year earlier, according to the report, with $16.5 million unrestricted in its use.

Auditors pointed out the Library Board of Control has committed to automation improvements estimated to cost $789,000, fleet vehicles replacement requiring $280,000 and HVAC upgrades totaling $116,000.

Total general revenues for the year were $8.4 million.

Net expenses were $7 million, about $4.7 million of that required for payroll and benefits costs.

CCAC

CENLA Community Action Committee had $228,000 cash and cash equivalents on hand when its fiscal year closed September 30.

Its audit was delayed for a second consecutive year due to issues relating to awarding its auditor contract, a delay officials believe resolved, according to the report.

The agency, a nonprofit assisting low-income residents with basic needs, had revenues of $2.44 million and expenses of $2.32 million.

Payroll and related expenses required $551,000.

Program costs: energy assistance, $1.6 million; community services, $648,000; seniors services, $62,000.

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