Covering Louisiana

Aug 3, 2014 5:25 PM by AP

Audit shows tax revenue rises in Ouachita Parish

MONROE, La. (AP) - An independent audit shows the Ouachita Parish Police Jury's fund accounts grew in 2013 as tax revenue increased.

The News-Star reported the audit was done by the Monroe firm Huffman & Soignier and presented to the Police Jury on July 27.

The audit shows the Police Jury had $78.3 million in total revenue and $73.2 million in total expenditures during the 2013 fiscal year.

As a result, its fund balance at year's end had increased by 5.1 million, though only $4.8 million was available for use at the Police Jury's discretion. The remaining amount is designated as restricted, committed or could not be spent under other government standards.

The general fund is the chief operating fund of the Police Jury. At the end of the 2013 fiscal year its balance was $8.9 million, an increase of $164,000 over the previous year. The $4.8 million available for discretionary spending comes from the general fund.

The public works fund balance increased by $926,000; fire department, $2.5 million; library, $1.2 million; and Ouachita Correctional Center, $1.8 million. All came as a result of increases in tax revenue.

Auditor Francis Huffman said none of the Police Jury major funds had deficit balances as of Dec. 31.

Funds that had an operating loss in 2013 were all five of the Police Jury's sewer funds, but none ended with a negative fund balance at the close of the fiscal year.

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