NEW MONEY ISSUE OFFICIAL STATEMENT RATING: BOOK-ENTRY ONLY S&P: “AA-”

In the opinion of Bond Counsel, under existing law, the interest on the Bonds is excluded from gross income for Federal income tax purposes as provided and is not an item of tax preference for purposes of the federal alternative minimum tax imposed on individuals and corporations; it should be noted, however, that for the purpose of computing the alternative minimum tax imposed on certain corporations, such interest is taken into account in determining adjusted current earnings, as provided in Appendix “G.” See “TAX EXEMPTION” herein. Under the Act, the Bonds are exempt from taxation by the State of Louisiana. $18,000,000 GENERAL OBLIGATION BONDS, SERIES 2014

PARISH OF ST. JOHN THE BAPTIST, STATE OF LOUISIANA

Dated: Date of Delivery Due: March 1, 2015 to March 1, 2034

The referenced Bonds of the Parish of St. John the Baptist, State of Louisiana (the Issuer”) are being initially issued as fully registered bonds without coupons in denominations of $5,000 each, or any integral multiple thereof within a single maturity, and when issued will be registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York (“DTC”). DTC will act as securities depository for the Bonds. Purchasers of the Bonds will not receive certificates representing their interest in the Bonds purchased. Purchases of the Bonds may be made only in book-entry form in authorized denominations by credit to participating broker- dealers and other institutions on the books of DTC as described herein. Principal of and interest on the Bonds will be payable by Whitney Bank, a Mississippi Banking Corporation, Baton Rouge, Louisiana, or any successor paying agent (the “Paying Agent”) to DTC, which will remit such payments in accordance with its normal procedures, as described herein. Interest on the Bonds is payable on September 1, 2014, and semiannually thereafter on March 1 and September 1 of each year. See “BOOK-ENTRY ONLY SYSTEM” herein.

The Bonds maturing on March 1, 2025, and thereafter, shall be callable for redemption at the option of the Issuer in full or in part at any time on or after March 1, 2024, at the principal amount thereof plus accrued and unpaid interest thereon. The Bonds are also subject to mandatory redemption as set forth herein.

The Bonds are secured by and payable from unlimited ad valorem taxation, as described herein. The Bonds are being issued for the purpose of (i) constructing and improving public buildings, including expansion of the governmental complex; (ii) constructing and improving drains, drainage canals, pumps and pumping plants, dykes and levees; (iii) construction, repairs and improvements to parks, playgrounds and recreation facilities; (iv) constructing acquiring and improving public roads, highways and bridges; (v) constructing and improving the waterworks system, including acquiring equipment and furnishings for the foregoing, title to which shall be in the public; and (vi) paying the costs of issuance of the Bonds. The Bonds constitute the first emission of $30,000,000 authorized at a special election held in the Issuer on November 16, 2013.

MATURITY SCHEDULE (Base CUSIP No. 790178)

Due Interest Due Interest March 1 Amount Rate Yield CUSIPs March 1 Amount Rate Yield CUSIPs 2015 $900,000 2.00% 0.220% SV0 2020 $900,000 3.00% 1.750% TA5 2016 900,000 2.00 0.420 SW8 2021 900,000 3.00 2.060 TB3 2017 900,000 2.00 0.780 SX6 2022 900,000 3.00 2.330 TC1 2018 900,000 2.25 1.130 SY4 2023 900,000 3.00 2.480 TD9 2019 900,000 3.00 1.430 SZ1 2024 900,000 2.50 2.646 TE7

$3,600,000 3.00% Term Bonds due March 1, 2028, Yield 3.250%, CUSIP TF4 $2,700,000 3.375% Term Bonds due March 1, 2031, Yield 3.550%, CUSIP TG2 $2,700,000 3.625% Term Bonds due March 1, 2034, Yield 3.750%, CUSIP TH0

The Bonds are offered subject to the approving opinion of Foley & Judell, L.L.P., New Orleans, Louisiana. Government Consultants, Inc., Baton Rouge, Louisiana, serves as independent Financial Advisor to the Issuer in connection with the sale and issuance of the Bonds. It is expected that the Bonds will be delivered in New Orleans, Louisiana, and will be available for delivery to DTC in New York, New York, on or about June 10, 2014, against payment therefor. Stephens Inc.

The date of this Official Statement is May 13, 2014. This cover page contains information for quick reference only. It is not a summary of this issue. Investors must read the entire Official Statement to obtain information essential to the making of an informed investment decision.

CUSIP Numbers © Copyright 2014, American Bankers Association. CUSIP data herein is provided by CUSIP Global Services, which is managed on behalf of the American Bankers Association by S&P Capital IQ., a business line of the McGraw-Hill Companies, Inc. The Issuer takes no responsibility for the accuracy of the CUSIP numbers, which are included solely for the convenience of the owners of the Bonds. NO DEALER, BROKER, SALESPERSON OR OTHER PERSON HAS BEEN AUTHORIZED BY THE PARISH COUNCIL OF THE PARISH OF ST. JOHN THE BAPTIST, STATE OF LOUISIANA (THE “GOVERNING AUTHORITY”), THE GOVERNING AUTHORITY OF THE PARISH OF ST. JOHN THE BAPTIST, STATE OF LOUISIANA (THE “ISSUER”), OR STEPHENS INC. (THE “UNDERWRITER”), TO GIVE ANY INFORMATION OR TO MAKE ANY REPRESENTATIONS WITH RESPECT TO THE OBLIGATIONS HEREIN DESCRIBED OTHER THAN THOSE CONTAINED IN THIS OFFICIAL STATEMENT, AND IF GIVEN OR MADE, SUCH OTHER INFORMATION OR REPRESENTATIONS MUST NOT BE RELIED UPON AS HAVING BEEN AUTHORIZED BY THE GOVERNING AUTHORITY. THE INFORMATION SET FORTH HEREIN HAS BEEN OBTAINED FROM THE ISSUER AND OTHER SOURCES WHICH ARE BELIEVED TO BE RELIABLE BUT IS NOT GUARANTEED AS TO ACCURACY OR COMPLETENESS, AND IS NOT TO BE CONSTRUED AS A REPRESENTATION BY THE UNDERWRITER. THE INFORMATION AND EXPRESSIONS OF OPINION HEREIN ARE SUBJECT TO CHANGE WITHOUT NOTICE, AND NEITHER THE DELIVERY OF THIS OFFICIAL STATEMENT NOR ANY SALE MADE HEREUNDER SHALL UNDER ANY CIRCUMSTANCES CREATE ANY IMPLICATION THAT THERE HAS BEEN NO CHANGE IN THE AFFAIRS OF THE ISSUER SINCE THE DATE HEREOF. THIS OFFICIAL STATEMENT DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUER OR THE UNDERWRITER AND ANY OF THE PURCHASERS OR REGISTERED OWNERS OF THE BONDS.

THE UNDERWRITER HAS REVIEWED THE INFORMATION IN THIS OFFICIAL STATEMENT IN ACCORDANCE WITH, AND AS PART OF, ITS RESPONSIBILITY TO INVESTORS UNDER THE FEDERAL SECURITIES LAWS AS APPLIED TO THE FACTS AND CIRCUMSTANCES OF THIS TRANSACTION, BUT THE UNDERWRITER DOES NOT GUARANTEE THE ACCURACY OR COMPLETENESS OF SUCH INFORMATION.

BY ITS PURCHASE OF THE BONDS, AN INVESTOR IS ACKNOWLEDGING THAT IT HAS REVIEWED ALL THE INFORMATION IT DEEMS NECESSARY TO MAKE AN INFORMED DECISION, AND THAT IT IS NOT RELYING ON ANY REPRESENTATION OF THE UNDERWRITER OR ANY OF ITS OFFICERS, REPRESENTATIVES, AGENTS OR DIRECTORS IN REACHING ITS DECISION TO PURCHASE THE BONDS.

THE INVESTOR, BY ITS PURCHASE OF THE BONDS, ACKNOWLEDGES ITS CONSENT FOR THE UNDERWRITER TO RELY UPON THE INVESTOR’S UNDERSTANDING OF AND AGREEMENT TO THE PRECEDING PARAGRAPH AS SUCH RELATES TO THE DISCLOSURE AND FAIR DEALING OBLIGATIONS THAT MAY BE APPLICABLE TO THE UNDERWRITER UNDER APPLICABLE SECURITIES LAWS AND REGULATIONS.

THIS OFFICIAL STATEMENT IS BEING PROVIDED TO PROSPECTIVE PURCHASERS EITHER IN BOUND PRINTED FORM (“ORIGINAL BOUND FORMAT”) OR IN ELECTRONIC FORMAT ON THE FOLLOWING WEBSITE: http://www.i-dealprospectus.com. THIS OFFICIAL STATEMENT MAY BE RELIED UPON ONLY IF IT IS IN ITS ORIGINAL BOUND FORMAT OR AS PRINTED IN ITS ENTIRETY DIRECTLY FROM SUCH WEBSITE.

Cautionary Statements Regarding Forward-Looking Statements in this Official Statement

This Official Statement is marked with a dated date and speaks only as of that dated date. Readers are cautioned not to assume that any information has been updated beyond the dated date except as to any portion of the Official Statement that expressly states that it constitutes an update concerning specific recent events occurring after the dated date of the Official Statement. Any information contained in the portion of the Official Statement indicated to concern recent events speaks only as of its date. The Issuer expressly disclaims any duty to provide an update of any information contained in this Official Statement, except as agreed upon by said parties pursuant to the Continuing Disclosure Certificate included herein as Appendix “H.” The information contained in this Official Statement may include forward looking statements by using forward-looking words such as “may,” “will,” “should,” “expects,” “believes,” “anticipates,” “estimates,” “budgets” or others. The reader is cautioned that forward-looking statements are subject to a variety of uncertainties that could cause actual results to differ from the projected results. Those risks and uncertainties include general economic and business conditions, and various other factors which are beyond the control of the Issuer.

This Official Statement contains projections of revenues, expenditures and other matters. Because the Issuer cannot predict all factors that may affect future decisions, actions, events or financial circumstances, what actually happens may be different from what is included in forward-looking statements.

THE BONDS HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR HAS THE BOND ORDINANCE BEEN QUALIFIED UNDER THE TRUST INDENTURE ACT OF 1939, AS AMENDED, IN RELIANCE UPON EXEMPTIONS CONTAINED IN SUCH ACTS. THE REGISTRATION OR QUALIFICATION OF THE BONDS IN ACCOR- DANCE WITH APPLICABLE PROVISIONS OF SECURITIES LAWS OF THE STATES IN WHICH THE BONDS HAVE BEEN REGISTERED OR QUALIFIED AND THE EXEMPTION FROM REGISTRATION OR QUALIFIED IN OTHER STATES CANNOT BE REGARDED AS A RECOMMENDATION THEREOF. NEITHER THESE STATES NOR ANY OF THEIR AGENCIES HAVE PASSED UPON THE MERITS OF THE BONDS OR THE ACCURACY OR COMPLETE- NESS OF THIS OFFICIAL STATEMENT. ANY REPRESENTATION TO THE CONTRARY MAY BE A CRIMINAL OFFENSE. IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR EXAMINATIONS OF THE STATE AND TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED.

THE REGISTRATION, QUALIFICATION OR EXEMPTION OF THE BONDS IN ACCORDANCE WITH THE APPLICABLE SECURITIES LAW PROVISIONS OF THE JURISDICTIONS IN WHICH THESE SECURITIES HAVE BEEN REGISTERED, QUALIFIED OR EXEMPTED DOES NOT MEAN THAT EITHER THESE JURISDICTIONS OR ANY OF THEIR AGENCIES HAVE PASSED IN ANY WAY UPON THE MERITS OR QUALIFICATIONS OF, OR RECOMMENDED, THE SECURITIES, OR THEIR OFFER OR SALE. NEITHER THESE JURISDICTIONS NOR ANY OF THEIR AGENCIES HAVE GUARANTEED OR PASSED UPON THE SAFETY OF THE BONDS AS A INVESTMENT, UPON THE PROBABILITY OF ANY EARNINGS THEREON OR UPON THE ACCURACY OR ADEQUACY OF THIS OFFICIAL STATEMENT.

The prices and other terms respecting the offering and sale of the Bonds may be changed from time to time by the Underwriter after the Bonds are released for sale, and the Bonds may be offered and sold at prices other than the initial offering prices, including sales to dealers who may sell the Bonds into investment accounts. In connection with the offering of the Bonds, the Underwriter may over allot or effect transactions which stabilize or maintain the market price of the Bonds at a level above that which might otherwise prevail in the open market. Such stabilizing, if commenced, may be discontinued at any time. TABLE OF CONTENTS

INTRODUCTION...... 1 LEGAL MATTERS...... 16

PURPOSE OF ISSUE...... 1 UNDERWRITING...... 16

THE BONDS...... 2 BOND RATING...... 16 Amount of Bonds Authorized...... 2 Amount of Bonds Being Issued...... 2 GOVERNING AUTHORITY...... 17 Date of Issue...... 2 Average Life...... 2 FINANCIAL ADVISOR...... 17 Authority for Issue...... 2 Results of Election...... 2 ...... 17 Security for Issue...... 3 CONTINUING DISCLOSURE Security Interest...... 4 Form and Denomination...... 5 ADDITIONAL INFORMATION. . . . . 18 Maturities; Interest Payment Dates...... 5 Hurricanes...... 18 Provisions Applicable if Book-Entry Only System is Terminated...... 5 CERTIFICATION AS TO OFFICIAL General...... 5 STATEMENT...... 18 Place of Payment...... 5 Payment of Interest...... 5 MISCELLANEOUS...... 19 Provisions for Transfer, Registration and Assignment...... 6 Redemption Provisions...... 6 MAPS Defeasance...... 7 Appendix “A”- Financial and Statistical Data Relative to the Parish of St. John BOOK-ENTRY ONLY SYSTEM. . . . . 7 the Baptist, State of Louisiana Appendix “B”- Comprehensive Annual Financial PROVISIONS RELATING TO THE Report SECURITY FOR THE BONDS. . . . 10 Appendix “C”- Unaudited Financial Statements Assessment Procedures...... 10 Appendix “D”- Budget Summary Constitutional Amendments...... 12 Appendix “E”- Debt Statement Homestead Exemptions...... 12 Appendix “F”- Annual Debt Service Requirements Tax Rate Adjustment...... 12 Appendix “G”- Form of Legal Opinion Tax Collection Procedures...... 12 Appendix “H”- Form of Continuing Disclosure Estimated Millage Required to Service Certificate the Bonds...... 13

TAX EXEMPTION...... 13 Interest on Bonds...... 13 State Taxes...... 13 Alternative Minimum Tax Consideration. . 13 General...... 13 Qualified Tax-Exempt Obligations (Non-Bank Deductibility)...... 14 Tax Treatment of Original Issue Premium. 14 Tax Treatment of Original Issue Discount. 15 Changes in Federal and State Tax Law. . . . 15 OFFICIALS

PARISH OF ST. JOHN THE BAPTIST, STATE OF LOUISIANA

PARISH PRESIDENT Natalie Robottom

PARISH COUNCIL

Marvin Perrilloux, District 4, Chairman Michael P. Wright, District 5, Vice-Chairman Lucien J. Gauff, III, At Large, Division A Jaclyn Hotard, At Large, Division B Art Smith, District 1 Ranney Wilson, District 2 Lennix Madere, Jr., District 3 Larry Snyder, District 6 Cheryl Millet, District 7

SECRETARY Jackie Landeche

CHIEF ADMINISTRATIVE OFFICER Randy Vincent

CHIEF FINANCIAL OFFICER Vince Lucia

DISTRICT ATTORNEY Thomas F. Daley

BOND COUNSEL Foley & Judell, L.L.P.

FINANCIAL ADVISOR Government Consultants, Inc.

THIS PAGE INTENTIONALLY

LEFT BLANK

OFFICIAL STATEMENT

$18,000,000 GENERAL OBLIGATION BONDS, SERIES 2014 PARISH OF ST. JOHN THE BAPTIST, STATE OF LOUISIANA

INTRODUCTION

This Official Statement of the Parish of St. John the Baptist, State of Louisiana (herein sometimes referred to either as the “Issuer” or the “Parish”) provides information with respect to the captioned bonds (the “Bonds”). This Official Statement contains summaries of certain provisions of the ordinance adopted by the Parish Council of the Parish of St. John the Baptist, State of Louisiana (the “Governing Authority”) on May 13, 2014, pursuant to which the Bonds are being issued (the “Bond Ordinance”).

The Parish is located in the southeastern portion of the State of Louisiana (the “State”) and borders on both sides of the Mississippi River. The Parish has an area of approximately 347.9 square miles, a population of approximately 45,221, and includes no incorporated municipalities.

Brief descriptions of the Issuer, the Bonds, the Bond Ordinance, the Act (hereinafter defined) and other proceedings are contained in this Official Statement, and reference to such matters is qualified by reference to such entity, act, ordinance, or proceeding so referred to or summarized.

Additional information about the Issuer and the Parish is included in Appendix “A” hereto. The Comprehensive Annual Financial Report of the Governing Authority for the fiscal year ended December 31, 2012, is included in Appendix “B” hereto, and the unaudited financial statements of the Governing Authority for fiscal year ended December 31, 2013, are included in Appendix “C” hereto. The proposed form of opinion of Foley & Judell, L.L.P., Bond Counsel, is included in Appendix “G” hereto.

Reference in this Official Statement to owner, holder, registered owner, Bondholder or Bondowner means the registered owner of the Bonds determined in accordance with the Bond Ordinance.

Maps of the Parish and the surrounding area are included before Appendix “A” hereto.

PURPOSE OF ISSUE

The Bonds are being issued for the purpose of (i) constructing and improving public buildings, including expansion of the governmental complex; (ii) constructing and improving drains, drainage canals, pumps and pumping plants, dykes and levees; (iii) construction, repairs and improvements to parks, playgrounds and recreation facilities; (iv) constructing acquiring and

-1- improving public roads, highways and bridges; (v) constructing and improving the waterworks system, including acquiring equipment and furnishings for the foregoing, title to which shall be in the public; and (vi) paying the costs of issuance of the Bonds.

THE BONDS

Amount of Bonds Authorized

The Bonds constitute the first emission of Thirty Million Dollars ($30,000,000) authorized at a special election held in the Issuer on November 16, 2013.

Amount of Bonds Being Issued

Eighteen Million Dollars ($18,000,000) of General Obligation Bonds, Series 2014 of the Parish are being issued.

Date of Issue

The Bonds are dated as of the date of delivery, which is anticipated to be June 10, 2014.

Average Life

The average life of the Bonds is approximately 10.225 years from their dated date.

Authority for Issue

The Bonds are authorized under Article VI, Section 33 of the Constitution of the State of Louisiana of 1974 and Sub-Part A, Part III, Chapter 4, Title 39 of the Louisiana Revised Statutes of 1950, as amended (the “Act”), and other constitutional and statutory authority.

Results of Election

The proposition which was approved by the voters at the November 16, 2013 election follows:

PROPOSITION (BOND)

Shall the Parish of St. John the Baptist, State of Louisiana (the "Parish"), incur debt and issue not exceeding $30,000,000 of bonds, in one or more series, to run not exceeding 25 years from the date thereof, to bear interest at a rate not exceeding 7% per annum, and to be general obligations of the Parish payable from ad valorem taxes to be levied and collected in the manner provided by Article VI, Section 33 of the Louisiana Constitution of 1974 and other constitutional and statutory authority, for the following purposes:

$6,000,000 for constructing and improving public buildings, including expansion of the governmental complex;

-2- $13,000,000 for constructing and improving drains, drainage canals, pumps and pumping plants, dykes and levees;

$3,000,000 for construction, repairs and improvements to parks, playgrounds and recreation facilities;

$3,000,000 for constructing, acquiring and improving public roads, highways and bridges; and

$5,000,000 for constructing and improving the waterworks system;

including acquiring equipment and furnishings for the foregoing, title to which shall be in the public, with no estimated increase in the millage rate to be levied in the first year of issue above the 12.50 mills currently being levied to pay General Obligation Bonds of the Parish?

The Bonds were authorized by the voters of the Parish at said election with the following results:

Number of votes FOR 1,696 Number of votes AGAINST 671

Security for Issue

The Bonds are payable from the annual levy and collection of unlimited ad valorem taxes on all the taxable property within the boundaries of the Issuer sufficient to pay the Bonds in principal and interest as they mature.

Article VI, Section 33(B) of the Louisiana Constitution of 1974, as amended (the “Constitution”), provides as follows:

Section 33. Political Subdivisions; General Obligation Bonds.

Section 33(B) Full Faith and Credit. The full faith and credit of a political subdivision is hereby pledged to the payment of general obligation bonds issued by it under this constitution or the statute or proceedings pursuant to which they are issued. The governing authority of the issuing political subdivision shall levy and collect or cause to be levied and collected on all taxable property in the political subdivision ad valorem taxes sufficient to pay principal and interest and redemption premiums, if any, on such bonds as they mature.

Section 39:569 of the Louisiana Revised Statutes of 1950, as amended, provides as follows:

Section 569. Levy of Taxes.

A. The governing authority of any subdivision issuing bonds hereunder shall impose and collect annually, in excess of all other taxes, a tax on all property subject to taxation by the subdivision sufficient in amount to pay the interest annually or semiannually and the principal falling due each year, or such amount as may be required, for any sinking fund necessary to retire said bonds at maturity. However, the governing authority of any municipality which has established and is maintaining and supporting its own public schools shall not be required to impose and collect such tax upon property included within any territory annexed to the municipality for the retirement of bonded indebtedness incurred by the municipality for school purposes prior to the annexation of such territory. The tax shall be levied and collected by the same officers, at the same time, and in the same manner as the general taxes of the subdivision.

-3- B. Should any subdivision neglect or fail for any reason to impose or collect sufficient taxes for the payment of the principal or interest of any bonded indebtedness incurred hereunder, any person in interest may enforce imposition and collection thereof in any court having jurisdiction of the subject matter, and any suit, action or proceeding brought by such person in interest shall be a preferred cause, and shall be heard and disposed of without delay.

C. In the event of any default in the imposition and collection of any taxes required for the payment of the principal and interest of any bonded debt of any political subdivision, the taxing officers of the state are authorized and directed to impose and collect the taxes, and shall certify the same, and cause the same to be imposed and collected at the same time and in the same manner as the taxes for state purposes are imposed and collected in the subdivision incurring the debt.

D. If there is any default in the imposition and collection of any tax required for the payment of the principal or interest of any bonded debt of any school district, road, subroad, sewerage or gravity drainage, or sub-drainage district, the governing body and taxing officers of the parishes in which the district is situated shall at the same time and in the same manner as taxes for parish purposes are imposed and collected, impose and collect such tax on the taxable property of the district as shall be necessary for the payment of the defaulted principal and interest on the bonded debt.

E. All the articles and provisions of the constitution, and all the laws in force or that may be hereafter enacted regulating and relating to the collection of state taxes and tax sales shall also apply to and regulate the collection of the special taxes imposed under the provisions of this Chapter, through the officer whose duty it is to collect the taxes and moneys due the subdivision imposing the special taxes.

Section 39:569.1 of the Louisiana Revised Statutes of 1950, as amended, provides as follows:

Section 569.1. Notice of Default.

The chief executive officer and the fiscal officer of a governing authority of a political subdivision that has issued bonds shall notify, or cause to be notified, the legislative auditor, in writing, that a failure to make a debt service payment by the political subdivision is reasonably likely to occur. The legislative auditor shall be notified either on or before one hundred twenty days before the due date of such payment, or as soon as the officers of the governing authority know, or have good reason to know, that such failure is reasonably likely to occur, whichever occurs last.

Security Interest

The Issuer pledges the revenues of the special, unlimited ad valorem tax referenced above as security for the Bonds. (See “THE BONDS - Security for Issue” herein.) Pursuant to the Constitution, the proceeds of such tax may only be used to pay debt service on the Bonds, and pursuant to Section 39:1430.1 of the Louisiana Revised Statutes of 1950, as amended, the tax collections so pledged and then or thereafter received by the Issuer or paying agent shall be subject to the lien of such pledge. The lien of the Bondholders on the tax proceeds is a first priority lien, and no filing is required under Chapter 9 of the Uniform Commercial Code as enacted in the State of Louisiana (“Chapter 9”).

Section 39:1430.1 of the Louisiana Revised Statutes of 1950, as amended, states in pertinent part as follows:

Any pledge of and grant of security interest in taxes, income, revenues, monies, … or receipts … made by a public entity in connection with the issuance of securities shall be valid, binding, and perfected from the time when the pledge is made. The taxes, income, revenues, monies … or receipts … so pledged and then held or thereafter received by the public entity or any fiduciary shall immediately

-4- be subject to the lien of such pledge and security interest without any physical delivery thereof or further act, and the lien of such pledge and security interest shall be first priority and valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the public entity, whether or not such parties have notice thereof…. No filing with respect to such pledge and security interest made by a public entity need be made under Chapter 9 ... for the perfection or priority of such pledge and security interest.

Form and Denomination

The Bonds are initially issuable as fully registered bonds in “book-entry” only form and registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York (“DTC”). DTC will act as securities depository for the Bonds, and purchasers of the Bonds will not receive certificates representing their interest in the Bonds purchased. (See “BOOK-ENTRY ONLY SYSTEM”). The Bonds are being issued in the denomination of Five Thousand Dollars ($5,000) or any integral multiple thereof within a single maturity.

Maturities; Interest Payment Dates

The Bonds mature on March 1 in the years and in the principal amounts indicated on the cover of this Official Statement and bear interest from the dated date, payable on March 1 and September 1 of each year, commencing September 1, 2014 (each an “Interest Payment Date”), at the rates per annum indicated on the cover hereof. The Bonds shall bear interest from the date thereof or from the most recent Interest Payment Date to which interest has been paid or duly provided for.

Provisions Applicable if Book-Entry Only System is Terminated

General. Purchasers of Bonds will receive principal and interest payments, and may transfer and exchange Bonds, pursuant to the following provisions only if the book-entry only system is terminated. Otherwise, payments and transfers will be made only as described below under “BOOK-ENTRY ONLY SYSTEM.”

Place of Payment. Principal of and interest on the Bonds will be payable by Whitney Bank, a Mississippi Banking Corporation, Baton Rouge, Louisiana, or any successor paying agent (the “Paying Agent”).

Payment of Interest. Upon discontinuation of the book-entry only system, interest on the Bonds will be payable by check mailed on or before the Interest Payment Date by the Paying Agent to the registered owner, determined as of the close of business on the 15th calendar day of the month next preceding an Interest Payment Date (the “Record Date”), whether or not such day is a Business Day (as defined in the Bond Ordinance), at the address of such registered owner as it appears on the registration books of the Paying Agent.

The person in whose name any Bond is registered at the close of business on the Record Date with respect to an Interest Payment Date (unless such Bond has been called for redemption on a redemption date which is prior to such Interest Payment Date) shall be entitled to receive the interest payable with respect to such Interest Payment Date notwithstanding the cancellation of such Bond upon any registration of transfer or exchange thereof subsequent to such Record Date and prior to such Interest Payment Date.

-5- Provisions for Transfer, Registration and Assignment. The Bonds may be transferred, registered and assigned only on the Bond Register, and such registration shall be at the expense of the Issuer. A Bond may be assigned by the execution of an assignment form on the Bond or by other instruments of transfer and assignment acceptable to the Paying Agent. A new Bond or Bonds will be delivered by the Paying Agent to the last assignee (the new Owner) in exchange for such transferred and assigned Bonds after receipt of the Bonds to be transferred in proper form. Such new Bond or Bonds shall be in the denomination of $5,000 or any integral multiple thereof within a single maturity. Neither the Issuer nor the Paying Agent shall be required to issue, register, transfer or exchange any Bond during a period beginning (i) at the opening of business on a Record Date and ending at the close of business on the Interest Payment Date or (ii) with respect to Bonds to be redeemed, at the opening of business fifteen (15) days before the date of the mailing of a notice of redemption of such Bonds and ending on the date of such redemption.

Redemption Provisions

Optional Redemption. The Bonds maturing on March 1, 2025, and thereafter, shall be callable for redemption at the option of the Issuer in full or in part at any time on or after March 1, 2024, at the principal amount thereof, plus accrued interest from the most recent Interest Payment Date to which interest has been paid or duly provided for.

In the event a Bond to be redeemed is of a denomination larger than $5,000, a portion of such Bond ($5,000 or any multiple thereof) may be redeemed. Official notice of such call of any of the Bonds for redemption shall be given by first class mail, postage prepaid, by notice deposited in the United States mails not less than thirty (30) days prior to the redemption date addressed to the registered owner of each Bond to be redeemed at his address as shown on the registration books of the Paying Agent. The Issuer shall designate the maturities to be redeemed.

Mandatory Redemption. The Term Bond maturing on March 1, 2028 shall be subject to mandatory sinking fund redemption on March 1 in the year and in the principal amount set forth below at a redemption price equal to 100% of the principal amount thereof, plus accrued interest thereon:

Year Principal (March 1) Amount 2025 $900,000 2026 900,000 2027 900,000 2028 900,000* * Final Maturity.

The Term Bond maturing on March 1, 2031 shall be subject to mandatory sinking fund redemption on March 1 in the year and in the principal amount set forth below at a redemption price equal to 100% of the principal amount thereof, plus accrued interest thereon:

Year Principal (March 1) Amount 2029 $900,000 2030 900,000 2031 900,000* * Final Maturity.

-6- The Term Bond maturing on March 1, 2034 shall be subject to mandatory sinking fund redemption on March 1 in the year and in the principal amount set forth below at a redemption price equal to 100% of the principal amount thereof, plus accrued interest thereon:

Year Principal (March 1) Amount 2032 $900,000 2033 900,000 2034 900,000* * Final Maturity.

Defeasance

Pursuant to Chapter 14 of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and the Bond Ordinance, the Bonds, in whole or in part, shall be defeased and shall be deemed to be paid and shall no longer be considered to be outstanding under the Bond Ordinance, and the covenants, agreements, and obligations contained in the Bond Ordinance with respect to such Bonds shall be discharged if one of the following shall occur:

(1) There is deposited in an irrevocable trust with a bank which is a member of the Federal Deposit Insurance Corporation, or its successor, or with a trust company, monies in an amount sufficient to pay in full the principal of and interest and call premiums, if any, on such Bonds to their stated maturity.

(2) There is deposited in an irrevocable trust with a bank which is a member of the Federal Deposit Insurance Corporation, or its successor, or with a trust company, noncallable direct general obligations of the United States of America or obligations unconditionally guaranteed in principal and interest by the United States of America, including certificates or other evidence of an ownership interest in such noncallable direct obligations, which may consist of specified portions of interest thereon, such as those securities commonly known as CATS, TIGRS, and STRPS, the principal of and interest on which, when added to other monies, if any, deposited therein, shall be sufficient to pay when due the principal of and interest and call premiums, if any, on such Bonds to their stated maturity.

Neither the obligations or the moneys deposited in irrevocable trust nor the principal or interest payments on any such obligations shall be withdrawn or used for any purpose other than and shall be held in trust for the payment of the principal of and interest on the Bonds defeased. The owners of the Bonds which are so defeased shall have an express lien on such moneys or governmental obligations until paid out, used, and applied as set forth above.

BOOK-ENTRY ONLY SYSTEM

The Bonds initially will be issued solely in book-entry only form to be held in the system maintained by DTC. So long as such book-entry only system is used, only DTC will receive or have the right to receive physical delivery of the Bonds and Beneficial Owners will not be or be considered to be, and will not have any rights as, owners or holders of the Bonds under the Bond Ordinance.

-7- The following information about the book-entry only system applicable to the Bonds has been supplied by DTC. The Issuer makes no representations, warranties or guarantees with respect to its accuracy or completeness.

1. The Depository Trust Company (“DTC”), New York, NY, will act as securities depository for the Bonds. The Bonds will be issued as fully-registered bonds registered in the name of Cede & Co. (DTC’s partnership nominee) or such other name as may be requested by an authorized representative of DTC. One fully-registered Bond will be issued for each maturity of the Bonds, in the aggregate principal amount of such maturity, and will be deposited with DTC.

2. DTC, the world’s largest securities depository, is a limited-purpose trust company organized under the New York Banking Law, a “banking organization” within the meaning of the New York Banking Law, a member of the Federal Reserve System, a “clearing corporation” within the meaning of the New York Uniform Commercial Code, and a “clearing agency” registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues, corporate and municipal debt issues, and money market instruments (from over 100 countries) that DTC’s participants (“Direct Participants”) deposit with DTC. DTC also facilitates the post-trade settlement among Direct Participants of sales and other securities transactions in deposited securities, through electronic computerized book-entry transfers and pledges between Direct Participants’ accounts. This eliminates the need for physical movement of securities certificates. Direct Participants include both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly-owned subsidiary of The Depository Trust & Clearing Corporation (“DTCC”). DTCC is the holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its regulated subsidiaries. Access to the DTC system is also available to others such as both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, and clearing corporations that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly (“Indirect Participants”). DTC has a Standard & Poor’s rating of AA+. The DTC Rules applicable to its Participants are on file with the Securities and Exchange Commission. More information about DTC can be found at www.dtcc.com.

3. Purchases of the Bonds under the DTC system must be made by or through Direct Participants, which will receive a credit for the Bonds on DTC’s records. The ownership interest of each actual purchaser of each Bond (“Beneficial Owner”) is in turn to be recorded on the Direct and Indirect Participants’ records. Beneficial Owners will not receive written confirmation from DTC of their purchase. Beneficial Owners are, however, expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers of ownership interests in the Bonds are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of Beneficial Owners. Beneficial Owners will not receive certificates representing their ownership interests in Bonds, except in the event that use of the book-entry system for the Bonds is discontinued.

4. To facilitate subsequent transfers, all Bonds deposited by Direct Participants with DTC are registered in the name of DTC’s partnership nominee, Cede & Co., or such other name as may be requested by an authorized representative of DTC. The deposit of Bonds with DTC and their registration in the name of Cede & Co. or such other DTC nominee do not effect any change in beneficial ownership. DTC has no knowledge of the actual Beneficial Owners of the Bonds; DTC’s

-8- records reflect only the identity of the Direct Participants to whose accounts such Bonds are credited, which may or may not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible for keeping account of their holdings on behalf of their customers.

5. Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial Owners will be governed by arrangements among them, subject to any statutory or regulatory requirements as may be in effect from time to time. Beneficial Owners of Bonds may wish to take certain steps to augment the transmission to them of notices of significant events with respect to the Bonds, such as redemptions, tenders, defaults, and proposed amendments to the Bond documents. For example, Beneficial Owners of Bonds may wish to ascertain that the nominee holding the Bonds for their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative, Beneficial Owners may wish to provide their names and addresses to the registrar and request that copies of notices be provided directly to them.

6. Redemption notices shall be sent to DTC. If less than all of the Bonds within an issue are being redeemed, DTC’s practice is to determine by lot the amount of the interest of each Direct Participant in such issue to be redeemed.

7. Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with respect to Bonds unless authorized by a Direct Participant in accordance with DTC’s MMI Procedures. Under its usual procedures, DTC mails an Omnibus Proxy to the Issuer as soon as possible after the record date. The Omnibus Proxy assigns Cede & Co.’ s consenting or voting rights to those Direct Participants to whose accounts Bonds are credited on the record date (identified in a listing attached to the Omnibus Proxy).

8. Redemption proceeds, distributions, and dividend payments on the Bonds will be made to Cede & Co., or such other nominee as may be requested by an authorized representative of DTC. DTC’s practice is to credit Direct Participants’ accounts upon DTC’s receipt of funds and corresponding detail information from the Issuer or Paying Agent, on payable date in accordance with their respective holdings shown on DTC’s records. Payments by Participants to Beneficial Owners will be governed by standing instructions and customary practices, as is the case with securities held for the accounts of customers in bearer form or registered in “street name,” and will be the responsibility of such Participant and not of DTC, Paying Agent, or the Issuer, subject to any statutory or regulatory requirements as may be in effect from time to time. Payment of redemption proceeds, distributions, and dividend payments to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of the Issuer or Paying Agent, disbursement of such payments to Direct Participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants.

9. DTC may discontinue providing its services as depository with respect to the Bonds at any time by giving reasonable notice to the Issuer or Paying Agent. Under such circumstances, in the event that a successor depository is not obtained, the Bonds are required to be printed and delivered.

10. The Issuer may decide to discontinue use of the system of book-entry only transfers through DTC (or a successor securities depository). In that event, Bonds will be printed and delivered to DTC.

-9- 11. The information in this section concerning DTC and DTC’s book-entry system has been obtained from sources that the Issuer believes to be reliable, but the Issuer takes no responsibility for the accuracy thereof.

THE ISSUER AND THE UNDERWRITER CANNOT AND DO NOT GIVE ANY ASSURANCES THAT THE DTC PARTICIPANTS OR THE INDIRECT PARTICIPANTS WILL DISTRIBUTE TO THE BENEFICIAL OWNERS OF THE BONDS (i) PAYMENTS OF PRINCIPAL OF OR INTEREST AND PREMIUM, IF ANY, ON THE BONDS; (ii) CONFIRMA- TION OF BENEFICIAL OWNERSHIP INTERESTS IN BONDS; OR (iii) REDEMPTION OR OTHER NOTICES SENT TO DTC OR CEDE & CO., ITS NOMINEE, AS THE REGISTERED OWNERS OF THE BONDS, OR THAT THEY WILL DO SO ON A TIMELY BASIS OR THAT DTC, DTC PARTICIPANTS OR INDIRECT PARTICIPANTS WILL SERVE AND ACT IN THE MANNER DESCRIBED IN THIS OFFICIAL STATEMENT. THE CURRENT “RULES” APPLICABLE TO DTC ARE ON FILE WITH THE SECURITIES AND EXCHANGE COMMISSION AND THE CURRENT “PROCEDURES” OF DTC TO BE FOLLOWED IN DEALING WITH DTC PARTICIPANTS ARE ON FILE WITH DTC.

NEITHER THE ISSUER, THE UNDERWRITER NOR THE PAYING AGENT WILL HAVE ANY RESPONSIBILITY OR OBLIGATIONS TO SUCH DTC PARTICIPANTS OR THE BENEFICIAL OWNERS WITH RESPECT TO (1) THE ACCURACY OF ANY RECORDS MAINTAINED BY DTC OR ANY DTC PARTICIPANT; (2) THE PAYMENT BY ANY DTC PARTICIPANT OF ANY AMOUNT DUE TO ANY BENEFICIAL OWNER IN RESPECT OF THE PRINCIPAL AMOUNT OR INTEREST OR PREMIUM, IF ANY, ON THE BONDS; (3) THE DELIVERY BY ANY DTC PARTICIPANT OF ANY NOTICE TO ANY BENEFICIAL OWNER WHICH IS REQUIRED OR PERMITTED UNDER THE TERMS OF THE BOND ORDINANCE TO BE GIVEN TO BONDHOLDERS; (4) THE SELECTION OF THE BENEFICIAL OWNERS TO RECEIVE PAYMENT IN THE EVENT OF ANY PARTIAL REDEMPTION OF THE BONDS; OR (5) ANY CONSENT GIVEN OR OTHER ACTION TAKEN BY DTC AS BONDHOLDER.

PROVISIONS RELATING TO THE SECURITY FOR THE BONDS

Assessment Procedures

All taxable property in the State is required by law to be assessed annually at a percentage of its fair market value or use value by assessors elected for four year terms, except that public service property is assessed directly by the Louisiana Tax Commission (the “Tax Commis- sion”). Property tax assessments are required to be equal and uniform throughout the State. Assessments fixed by the assessors are subject to review and revision by the Tax Commission which has the duty of equalizing and finally certifying the assessments. Prior to being certified, the tax rolls containing the assessments are open for public inspection and a local board of review is authorized to conduct public hearings thereon and to recommend changes to the Tax Commission.

The Constitution provides that the classifications of property subject to ad valorem taxation and the percentage of fair market value applicable to each classification for the purpose of determining assessed valuation are as follows:

-10- Classifications Percentages 1. Land 10% 2. Improvements for residential purposes 10% 3. Electric cooperative properties, excluding land 15% 4. Public service properties, excluding land 25% 5. Other Property 15%

The Constitution also provides that agricultural, horticultural, marsh lands, timber lands and certain historic buildings are to be assessed at 10% of “use” value. Fair market values are determined by the assessors, subject to review and final certification by the Tax Commission.

Under the Constitution, each assessor is required to appraise all property within his Parish at intervals of not more than four years. (A reappraisal was made for 2012 taxes.) To achieve uniformity in assessments, the Tax Commission has adopted guidelines for the assessors to follow in determining fair market values. The guidelines require real property to be reappraised and reassessed at least every four years; personal property, every year; intangible or incorporeal real or immovable property (defined in Louisiana Revised Statutes 47:2322 and 47:1702) at least every four years; intangible or incorporeal personal or movable property (defined in Louisiana Revised Statutes 47:1702), every year; and public service property shall be reassessed every year.

The Tax Commission is required by law to measure the level of appraisals or assessments and the degree of uniformity of assessments for each major class and type of property in each parish throughout the State. If the assessment levels of a parish or a district deviate by more than 10% from the percentage of fair market or use value required by the Constitution, the Tax Commission is required to order the assessor, within a period of one year to reappraise all property within the parish or a district or within one or more property classifications. The Tax Commission is to certify the assessments for the year in which the order is issued but the assessments for the following year shall not be certified until all deviations are corrected to conform to legal requirements.

All tax recipient agencies of ad valorem taxes of each and every parish of the State (the Parish of Orleans excepted), including the parish governing authority, school boards, levee districts, special districts, and municipalities, and all tax recipients of any nature whatsoever of ad valorem taxes in the parish, except municipalities which prepare their own tax rolls, are required to furnish the assessor and the legislative auditor the authorizing ordinances or resolutions and the tax rate to be applied to the assessed values for ad valorem tax purposes not later than June 1 of each year.

By law, the assessor must finish the preparation and listing on the assessment lists of all real and personal property on or before July 1 of each year. The assessor must file his completed tax roll with the Tax Commission on or before November 15 of each year.

The Tax Commission may change or correct any and all assessments of property for the purposes of taxation during the year. Such changes may be made at any time before the taxes levied have actually been paid.

-11- Constitutional Amendments

At various times, the voters of the State have approved amendments to the Constitution that affect the assessed value of and the levy and collection of ad valorem taxes in political subdivisions, including the territory of the Issuer. Examples of recent amendments include a property tax assessment freeze for certain military and disabled persons, a property tax exemption for leased medical equipment, a municipal property tax exemption for motor vehicles, a property tax exemption for consigned art and an increase in the homestead exemption (from $7,500 to $15,000 of assessed valuation) for 100% disabled veterans and their surviving spouses, if approved by majority vote in the Parish. The Issuer cannot guarantee whether future amendments to the Constitution will be proposed or approved by voters.

Homestead Exemptions

Homestead exemptions are reductions in the assessed value of property applicable to owner-occupied residences. Under the Constitution, the homestead exemption for all homeowners is currently $7,500 of assessed valuation, except that the homestead exemption for 100% disabled veterans and their surviving spouses is $15,000.

Approximately 15.49% of the total assessed valuation of the Issuer for 2013 represents homestead exempt property. The tax levied to service the Bonds will be subject to homestead exemption.

Tax Rate Adjustment

The Constitution, and other statutory authority supplemental thereto, provide that the total amount of ad valorem taxes collected (except for general obligation bond millage) by any taxing authority in a reassessment year (which occurs at least every four years), shall not be more or less than the total amount collected in the preceding year, solely because of reassessment, and millage rates must be increased or decreased to achieve this result. In case the millage rate is reduced, Louisiana Revised Statutes 47:1705 provides a procedure by which such millage may be readjusted upward, or “rolled forward,” to the prior authorized millage rate.

POLITICAL SUBDIVISIONS ARE REQUIRED TO CONTINUE TO LEVY WITHOUT LIMITATION AD VALOREM TAXES AT SUCH RATES AS MAY BE NECESSARY TO SERVICE GENERAL OBLIGATION BONDS.

Tax Collection Procedures

Ad valorem tax bills are customarily mailed during November of each year and become due on or before December 31 in the calendar year they are assessed. Local taxes not paid and delinquent thirty days after the date upon which the tax is due, shall have added thereto an interest penalty as provided in Louisiana Revised Statutes 47:2127, which shall be collected by the tax recipient body, together with and in the same manner as the tax.

Taxpayers may pay their ad valorem taxes under protest by paying the full amount due and giving notice at the time of payment of their intention to file suit. The amount paid under protest is held in escrow (a) for 30 days pending initiation of a suit; otherwise such amount is surrendered and considered paid-in-full, or (b) if a suit is timely filed, until final judicial determination.

-12- Taxpayers failing to pay assessed taxes subject their real or personal property to seizure and sale in the manner provided by law for judicial sales.

Estimated Millage Required to Service the Bonds

The Parish levied 12.50 mills on the 2013 tax roll for the purpose of paying the principal of and interest on the Parish’s outstanding general obligation bonds. The Governing Authority estimates that no increase in millage will be required to service the Bonds and the outstanding general obligation bonds. For additional information, see Appendix “F.” See Appendix “A” for further information regarding tax collections and assessed valuations of the Parish.

TAX EXEMPTION

Interest on Bonds

The delivery of the Bonds is subject to the opinion of Foley & Judell, L.L.P., Bond Counsel, to the effect that interest on the Bonds is excluded from gross income for federal income tax purposes and is not an item of tax preference for purposes of the federal alternative minimum tax imposed on individuals and corporations; it should be noted, however, that for the purpose of computing the alternative minimum tax imposed on certain corporations, such interest is taken into account in determining adjusted current earnings (See Appendix “G”).

State Taxes

The opinion of Bond Counsel will state that, under the Act, the Bonds are exempt from all taxation in the State of Louisiana. Each prospective purchaser of the Bonds should consult his or her own tax advisor as to the status of interest on the Bonds under the tax laws of any state other than Louisiana.

Alternative Minimum Tax Consideration

Except as hereinafter described, interest on the Bonds will not be an item of tax preference for purposes of the federal alternative minimum tax imposed on individuals and corporations. The Internal Revenue Code of 1986, as amended (the “Code”), imposes a 20% alternative minimum tax on the “alternative minimum taxable income” of a corporation, if the amount of such alternative minimum tax is greater than the amount of the corporation’s regular income tax. Generally, a corporation’s “alternative minimum taxable income” includes 75% of the amount by which a corporation’s “adjusted current earnings” exceeds a corporation's alternative minimum taxable income. Interest on the Bonds will be included in a corporation’s “adjusted current earnings.”

General

The Code imposes a number of requirements that must be satisfied for interest on state and local obligations to be excluded from gross income for federal income tax purposes. These requirements include limitations on the use of bond proceeds and the source of repayment of bonds, limitations on the investment of bond proceeds prior to expenditure, a requirement that excess

-13- arbitrage earned on the investment of certain bond proceeds be paid periodically to the United States, except under certain circumstances, and a requirement that information reports be filed with the Internal Revenue Service.

The opinion of Bond Counsel will assume continuing compliance with the covenants in the Bond Ordinance pertaining to those sections of the Code which affect the exclusion from gross income of interest on the Bonds for federal income tax purposes and, in addition, will rely on representations by the Issuer with respect to matters solely within the knowledge of the Issuer, which Bond Counsel has not independently verified. If the Issuer should fail to comply with the covenants in the Bond Ordinance or if the foregoing representations should be determined to be inaccurate or incomplete, interest on the Bonds could become included in gross income from the date of original delivery of the Bonds, regardless of the date on which the event causing such inclusion occurs.

Owners of the Bonds should be aware that (i) the ownership of tax-exempt obligations, such as the Bonds, may result in collateral federal income tax consequences to certain taxpayers and (ii) certain other federal, state and/or local tax consequences may also arise from the ownership and disposition of the Bonds or the receipt of interest on the Bonds. Furthermore, future laws and/or regulations enacted by federal, state or local authorities may affect certain owners of the Bonds. All prospective purchasers of the Bonds should consult their legal and tax advisors regarding the applicability of such laws and regulations and the effect that the purchase and ownership of the Bonds may have on their particular financial situation.

Qualified Tax-Exempt Obligations (Non-Bank Deductibility)

The Tax Reform Act of 1986 revised Section 265 of the Code so as to generally deny financial institutions 100% of the interest deductions that are allocable to tax-exempt obligations acquired after August 7, 1986. However, an exception is permitted under the Tax Reform Act of 1986 for certain qualified tax-exempt obligations which allows financial institutions to continue to treat the interest on such obligations as being subject to the 20% disallowance provision under prior law if the Issuer, together with certain subordinate entities, reasonably expects that it will not issue more than $10,000,000 of governmental purpose bonds in a calendar year and designates such bonds as “qualified tax-exempt obligations” pursuant to the provisions of Section 265(b)(3)(B) of the Code. The Bonds are not designated as “qualified tax-exempt obligations” pursuant to Section 265(b)(3)(B) of the Code.

Tax Treatment of Original Issue Premium

The Bonds maturing March 1, 2015 to March 1, 2023, inclusive (the “Premium Bonds”), are being offered and sold to the public at prices in excess of their stated principal amounts.

Such excess is characterized as a “bond premium” and must be amortized by an investor purchasing the Premium Bonds on a constant yield basis over the remaining term of the Premium Bonds in a manner that takes into account potential call dates and call prices. An investor cannot deduct amortized bond premium related to a tax-exempt bond for federal income tax purposes. However, as bond premium is amortized, it reduces the investor’s basis in the Premium Bonds. Investors who purchase Premium Bonds should consult their own tax advisors regarding the amortization of bond premium and its effect on the Premium Bonds’ basis for purposes of computing gain or loss in connection with the sale, exchange, redemption or early retirement of the Premium Bonds.

-14- Tax Treatment of Original Issue Discount

The Bond maturing March 1, 2024, and the Term Bonds maturing March 1, 2028, March 1, 2031 and March 1, 2034, respectively (the “OID Bonds”), are sold to their original owners at a discount. The difference between the initial public offering prices and their stated amounts constitutes original issue discount treated as interest which is excluded from gross income for federal income tax purposes and which is exempt from all present State taxation subject to the caveats and provisions described herein.

Owners of OID Bonds should consult their own tax advisors with respect to the determination for federal income tax purposes of original issue discount accrued with respect to such OID Bonds as of any date, including the date of disposition of an OID Bond and with respect to the state and local consequences of owning OID Bonds.

Changes in Federal and State Tax Law

From time to time, there are legislative proposals in the Congress and in the states that, if enacted, could alter or amend the federal and state tax matters referred to herein. In addition, such legislation (whether currently proposed, proposed in the future or enacted) could affect the market value or marketability of the Bonds. For example, ongoing negotiations between the Executive and Legislative Branches of the United States government to resolve federal budget deficits may result in the enactment of tax legislation that could significantly reduce the benefit of, or otherwise affect, the exclusion of gross income for federal income tax of interest on all state and local obligations, including the Bonds. In addition, President Obama’s proposed budget for fiscal year 2014 limits to 28% the benefit of certain tax preferences, including tax-exempt interest. It cannot be predicted whether or in what form any such proposals might be enacted or whether if enacted such proposals would apply to bonds issued prior to enactment. In addition, regulatory actions are from time to time announced or proposed and litigation is threatened or commenced which, if implemented or concluded in a particular manner, could adversely affect the market value of the Bonds. It cannot be predicted whether any such regulatory action will be implemented, how any particular litigation or judicial action will be resolved, or whether the Bonds or the market value thereof would be impacted thereby. Prospective purchasers of the Bonds should consult their tax advisors regarding any pending or proposed legislation, regulatory initiatives or litigation.

The opinions expressed by Bond Counsel are based upon existing legislation and regulations as interpreted by relevant judicial and regulatory authorities as of the date of issuance and delivery of the Bonds, and Bond Counsel has expressed no opinion as of any date subsequent thereto or with respect to any pending or proposed federal or state tax legislation, regulations or litigation.

THE FOREGOING DISCUSSION OF CERTAIN FEDERAL AND STATE INCOME TAX CONSEQUENCES IS PROVIDED FOR GENERAL INFORMATION ONLY. INVESTORS SHOULD CONSULT THEIR TAX ADVISORS AS TO THE TAX CONSEQUENCES TO THEM IN LIGHT OF THEIR OWN PARTICULAR INCOME TAX POSITION, OF ACQUIRING, HOLDING OR DISPOSING OF THE BONDS.

-15- LEGAL MATTERS

No litigation has been filed questioning the validity of the Bonds or the security therefor and a certificate to that effect will be delivered by the Issuer to the Underwriter (hereinafter defined) upon the issuance of the Bonds.

The approving opinion of Foley & Judell, L.L.P, Bond Counsel, will be printed on the Bonds. The opinion of Bond Counsel is limited to the matters set forth therein, and Bond Counsel is not passing upon the accuracy or completeness of this Official Statement. Bond Counsel’s opinion is based on existing law, which is subject to change. Such opinion is further based on factual representations made to Bond Counsel as of the date thereof. Bond Counsel assumes no duty to update or supplement its opinion to reflect any facts or circumstances that may thereafter come to Bond Counsel’s attention, or to reflect any changes in law that may thereafter occur or become effective. Moreover, Bond Counsel’s opinion is not a guarantee of a particular result and is not binding on the Internal Revenue Service or the courts; rather, such opinion represents Bond Counsel’s professional judgment based on its review of existing law and in reliance on the representations and covenants that it deems relevant to such opinion.

A manually executed original of such opinion will be delivered to the Underwriter on the date of payment for and delivery of the Bonds. The form of said legal opinion appears in Appendix “G” to this Official Statement. For additional information regarding the opinion of Bond Counsel, see the preceding section titled “TAX EXEMPTION.” The compensation of Bond Counsel is contingent upon the sale and delivery of the Bonds.

UNDERWRITING

The Bonds are being purchased by Stephens Inc., of Baton Rouge, Louisiana (the “Underwriter”) at a purchase price of $18,003,312 (representing the principal amount of the Bonds, plus an original issue premium of $142,812, and less Underwriter’s discount of $139,500).

BOND RATING

Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business (“S&P”), has assigned its municipal debt rating of “AA-/Stable” to the Bonds. The rating reflects only the views of S&P and is not a recommendation to buy, sell or hold the Bonds. Any desired explanation of the significance of such rating should be obtained from S&P, at the following address: Standard & Poor’s Ratings Services, Lincoln Plaza, Suite 3200, 500 N. Akard, Dallas, Texas 75201, telephone 214-871-1400. The Issuer may have furnished to S&P information relating to the Bonds and other matters, certain of which information and materials have not been included in this Official Statement. Generally, a rating agency bases its rating on the information and materials so furnished and on investigations, studies and assumptions by such rating agency. Ratings may be changed, suspended or withdrawn as a result of changes in, or unavailability of, information. There is no assurance that the rating on the Bonds will not be changed or withdrawn entirely if, in the judgment of S&P, circumstances so warrant. Such circumstances may be outside the control of the Issuer and may include, but are not limited to, general economic conditions in the United States and other political and economic developments that may affect the financial condition of the United

-16- States government and its instrumentalities, and, as a result, obligations issued by state and local governments, such as the Bonds. Any such downward revision or withdrawal of such rating may have an adverse effect on the market price of the Bonds.

GOVERNING AUTHORITY

The Issuer is governed by the Parish Council of the Parish of St. John the Baptist. The Governing Authority consists of nine members. The names of the members of the Governing Authority, as well as the Parish President and other officials, appear at the beginning of this Official Statement.

FINANCIAL ADVISOR

This Official Statement has been prepared under the direction of the Issuer and with the assistance of Government Consultants, Inc., Baton Rouge, Louisiana, which has been employed by the Issuer to perform professional services in the capacity of financial advisor (the “Financial Advisor”). The Financial Advisor has reviewed and commented on certain legal documentation, including the Official Statement. The Financial Advisor has not audited, authenticated or otherwise verified the information set forth in the Official Statement, or any other information available to the Issuer, with respect to the appropriateness, accuracy or completeness of disclosure of such information or other information, and no guaranty, warranty or other representation is made by the Financial Advisor respecting such accuracy and completeness of information or any other matter related to such information and the Official Statement.

CONTINUING DISCLOSURE

The Issuer will, pursuant to a Continuing Disclosure Certificate, covenant for the benefit of Bond owners to provide certain financial information and operating data relating to the Issuer in each year no later than six (6) months from the end of the Issuer’s fiscal year, with the first such report due not later than June 30, 2013 (the “Annual Report”), and to provide notices of the occurrence of certain enumerated events, if deemed by the Issuer to be material. The Annual Report will be filed by the Issuer with the MSRB (and with any future Louisiana officially designated State Information Depository). Any notices of material events will be filed by the Issuer with the MSRB (and with any future Louisiana officially designated State Information Depository). The specific nature of the information to be contained in the Annual Report or the notices of material events is set forth herein under the caption “APPENDIX H - Form of Continuing Disclosure Certificate.” These covenants have been made in order to assist the Underwriter in complying with S.E.C. Rule 15c2-12(b)(5) (the “Rule”). Except as provided in the Continuing Disclosure Certificate, the Issuer has not undertaken to provide all information investors may desire to have in making decisions to hold, sell or buy the Bonds.

The Issuer’s initial Dissemination Agent for the above information is the Governing Authority’s Secretary, 1801 W. Airline Highway, LaPlace, Louisiana 70068, telephone 985- 652-9569.

-17- The Issuer has filed all continuing disclosure reports currently required by its prior undertakings under the Rule; however, not all reports were timely filed. The Issuer satisfied the reporting requirements for fiscal year 2008 on January 31, 2013, and for fiscal year 2010 on August 17, 2011. The submissions for fiscal year 2009, 2011, 2012 and 2013 were filed timely. The Issuer has established procedures with respect to all undertakings (including those in connection with the Bonds), including enrollment with the MSRB/EMMA reminder service, to ensure proper filing of such reports with the MSRB in the future.

ADDITIONAL INFORMATION

For any additional information concerning the Issuer, please address Mr. Vince Lucia, Chief Financial Officer, Department of Finance, St. John the Baptist Parish, 1801 W. Airline Highway, LaPlace, Louisiana 70068, telephone 985-652-9569. For additional information concerning the Bonds now offered for sale, please address Foley & Judell, L.L.P., 365 Canal Street, Suite 2600, New Orleans, Louisiana 70130-1138, telephone 504-568-1249.

The Issuer and Foley & Judell, L.L.P., are familiar with the Disclosure Guidelines for State and Local Government Securities published by the Government Finance Officers Association (January 1991 edition).

Hurricanes

The coastal parishes in the State, including the Parish of St. John the Baptist, are prone to hurricanes. Since 2005, Hurricanes Katrina, Rita, Gustav and Ike have affected various areas of the State’s coast. The Parish suffered only minimal facility damage with no major loss.

Hurricane Isaac made landfall on August 29, 2012, the 7th anniversary of Hurricane Katrina, as a Category 1 storm. Certain areas within the Parish sustained major flooding with some moderate damage to public infrastructure.

The Governing Authority of the Issuer does not expect that there will be any material adverse affect on its financial operations or its ability to repay its debt as a result of such hurricanes.

CERTIFICATION AS TO OFFICIAL STATEMENT

At the time of payment for and delivery of the Bonds, the Issuer will furnish the Underwriter a certificate signed by the Parish President to the effect that (i) the descriptions and statements, including financial data, of or pertaining to the Issuer, on the date of the Preliminary Official Statement, on the date of the sale of the Bonds and on the date of the delivery thereof, were and are true in all material respects, and, insofar as such matters are concerned, the Official Statement did not and does not contain an untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, (ii) insofar as the descriptions and statements, including financial data, of or pertaining to governmental and/or non-governmental entities other than the Issuer and their activities contained in the Official Statement are concerned, such descriptions, statements, and data have been obtained from sources which the Issuer believes to be reliable, and the Issuer has no

-18- reason to believe that they are untrue or incomplete in any material respect, and (iii) there has been no adverse material change in the affairs of the Issuer between the date the Official Statement was deemed final by the Issuer and the date of delivery of the Bonds.

MISCELLANEOUS

This Official Statement has been prepared in connection with the initial offering and sale of the Bonds to the Underwriter on the date hereof and is not intended for use in connection with any subsequent sale, reoffering or remarketing of the Bonds. Subsequent purchasers must therefore rely on their own examination of the offering, including the merits and the risks involved.

The Issuer has authorized the delivery of this Official Statement to the Underwriter. The Underwriter has provided the following sentence for inclusion in this Official Statement. The Underwriter has reviewed the information in this Official Statement in accordance with, and as part of, its responsibilities to investors under the federal securities laws as applied to the facts and circumstances of this transaction, but the Underwriter does not guarantee the accuracy or completeness of such information.

Potential purchasers of the Bonds should consult their own tax advisors as to the consequences of investing in the Bonds. See also “TAX EXEMPTION” herein. PARISH OF ST. JOHN THE BAPTIST STATE OF LOUISIANA

/s/ Natalie Robottom Natalie Robottom Parish President

/s/ Marvin Perrilloux Marvin Perrilloux Council Chairman

/s/ Jackie Landeche Jackie Landeche Council Secretary

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APPENDIX “A”

FINANCIAL AND STATISTICAL DATA

RELATIVE TO THE

PARISH OF ST. JOHN THE BAPTIST, STATE OF LOUISIANA

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FINANCIAL AND STATISTICAL DATA RELATIVE TO THE PARISH OF ST. JOHN THE BAPTIST, STATE OF LOUISIANA

Boundaries and Area of the Parish The Parish of St. John the Baptist, State of Louisiana (the “Parish”) covers an area of approximately 347.9 square miles, and is governed by the Parish Council of the Parish of St. John the Baptist, State of Louisiana (the "Governing Authority"). The Parish is divided by the Mississippi River. Preceding Appendix “A” to this Official Statement are maps indicating the approximate location of the Parish.

Population of the Parish The recent trend in the estimated population of the Parish follows:

Year Population 1940 14,766 1950 14,861 1960 18,439 1970 23,813 1980 31,924 1990 39,996 2000 43,044 2010 45,924

2013 44,758

Source: U.S. Census Bureau.

Assessed Valuation of the Parish The recent trend in the assessed valuation of the Parish follows:

Taxable Total Tax Assessed Homestead Assessed Year Valuation Exemptions Valuation 1998 $148,261,680 $58,864,202 $207,125,882 1999 151,865,752 60,669,556 212,535,308 2000 159,492,723 62,950,401 222,443,124 2001 171,895,276 64,884,024 236,779,300 2002 172,014,720 66,995,819 239,010,539 2003 176,513,085 67,444,625 243,957,710 2004 194,431,666 73,278,332 267,709,998 2005 210,595,330 75,088,592 285,683,922 2006 244,781,537 77,905,006 322,686,543 2007 274,899,095 80,999,207 355,898,302 2008 299,212,046 83,574,781 382,786,827 2009 351,353,218 83,892,520 435,245,738 2010 348,795,451 86,640,381 435,435,832 2011 369,188,944 86,298,781 455,487,725 2012 409,600,435 85,421,449 495,021,884 2013 461,382,331 84,560,433 545,942,764

Sources: St. John the Baptist Parish Assessor; Louisiana Tax Commission.

A-1 Assessed Valuation - By Classification of Property

A summary breakdown of the assessed valuation of the Parish by classification of property follows: 2009 2010 2011 2012 2013 Assessed Assessed Assessed Assessed Assessed Classification Valuation Valuation Valuation Valuation Valuation Real Estate $174,857,996 $184,795,609 $186,573,102 $165,833,403 $187,963,803 Personal Property* 230,818,962 217,725,273 234,131,043 290,979,351 295,083,801 Public Service Pr o p e r t y 29,568,780 32,914,950 34,783,580 38,209 , 1 3 0 62,895,160 Total $435,245,738 $435,435,832 $455,487,725 $495,021,884 $545,942,764

Sources: St. John the Baptist Parish Assessor; Louisiana Tax Commission.

A detailed breakdown of the assessed valuations of the Parish by classification of property for the last five tax years follows:

Classification* 2009 2010 2011 2012 2013 Land $ 39,843,201 $ 46,242,495 $ 46,400,607 $ 47,102,700 $ 47,060,876 Improvements 135,014,795 138,553,114 140,172,495 118,730,703 140,902,927 Inventories 138,174,453 99,305,868 138,249,980 172,430,707 182,832,254 Machinery & Equipment 74,382,854 99,581,145 79,015,077 100,857,070 96,452,086 Business Furniture and Fixtures 2,847,376 2,657,919 2,307,989 2,254,234 2,452,758 Miscellaneous Personal Property 4,937,842 4,557,230 2,764,559 4,655,899 3,369,541 Leasehold Improvements -- -- 1,168,732 -- 1,647,125 Leased Equipment 1,740,889 1,438,064 645,218 1,294,196 1,258,821 Pipelines 3,189,141 4,230,379 4,680,200 4,244,236 3,297,033 Oil and Gas Surface Equipment 9,395 8,630 16,963 16,149 9,413 Watercraft 1,458,977 1,588,450 867,788 941,317 570,163 Aircraft 375 375 375 375 -- Financial Institutions 3,878,590 4,147,340 4,178,150 4,045,910 2,950,440 Drilling Rigs 600 600 1,500 1,500 1,500 Oil and Gas Wells 198,470 209,273 234,512 237,758 242,667 Public Service 29,568,780 32,914,950 34,783,580 38,209,130 62,895,160 $435,245,738 $435,435,832 $455,487,725 $495,021,884 $545,942,764

Sources: Louisiana Tax Commission; St. John the Baptist Parish Assessor.

* The Parish experienced a decrease in the taxable assessed value of personal property in 2010 largely due to a decrease in the assessed value of oil and gas-related property. The assessed value of such property is determined by the Louisiana Tax Commission, which adjusted the applicable depreciation table for oil and gas-related properties effective for the 2010 tax year. The adjustment of such property resulted in a decrease in the assessed value.

A-2 Tax Collection Record

The Governing Authority reported the following ad valorem tax collection record:

Total Collections to Date Fiscal Taxes Levied Percentage Year Fiscal Year Amount of Levy 2006 $ 8,441,990 $8,333,651 98.72% 2007 7,081,602 7,003,984 98.90% 2008 8,730,484 8,599,294 98.50% 2009 9,684,752 9,394,209 97.00% 2010 10,038,967 9,585,130 95.48% 2011 10,625,715 10,177,269 95.78% 2012 11,809,855 11,706,615 99.13% 2013 13,254,871 13,131,725 99.07%

NOTE: Data for fiscal year 2014 is not yet available.

Source: St. John the Baptist Parish Finance Department. Figures unaudited. Millage Rates The recent trend in the ad valorem tax rates levied within the boundaries of the Parish follows: Millage Rates 2009 2010 2011 2012 2013 Parishwide Taxes: Law Enforcement District 16.00 16.00 16.00 16.00 16.00 Law Enforcement District 16.99 16.99 16.99 16.99 16.99 Parish General Alimony 4.11 4.09 4.11 4.11 4.09 Courthouse, Jail and Office Buildings 1.01 1.00 1.00 1.00 1.00 Library 10.00 9.94 9.94 9.94 9.94 Health Unit 0.97 0.96 0.96 0.96 0.96 General Obligation Bonds 14.50 14.50 14.50 12.50 12.50 Assessment District 3.06 3.04 3.04 3.04 3.04 Road Lighting District No. 1 4.86 4.83 4.83 3.83 3.83 Mosquito Abatement 0.48 0.48 0.48 0.48 0.48 Recreation Facilities ------2.25 2.25 Juvenile Detention Center 0.98 1.00 1.00 1.00 1.00 ARC Maintenance 0.98 0.97 0.97 0.97 0.97 Animal Control ------0.75 0.75 Council on Aging 1.00 0.99 0.99 0.99 0.99 Totals 74.94 74.79 74.79 74.81 74.79

Parishwide School Taxes: School District Regular 3.67 3.65 3.65 3.65 3.65 School District No. 1 4.36 4.33 4.33 4.33 4.33 School District No. 1 - Additional Support 8.00 7.95 7.95 7.95 7.95 School Bonds 10.00 10.00 10.00 10.00 10.00 School District No. 1 3.28 3.26 3.26 3.26 3.26 School Salaries and Health Care 10.18 10.12 10.12 10.12 10.12 Total 39.49 39.31 39.31 39.31 39.31

Other Parish and District Taxes: Lafourche Levee District 3.91 3.90 3.91 3.88 3.88 Pontchartrain Levee District 3.52 3.52 3.52 3.47 3.47

Sources: St. John the Baptist Parish Assessor.

(NOTE: There are no incorporated municipalities located in the Parish which levy municipal ad valorem taxes.)

A-3 Leading Taxpayers

The ten largest property taxpayers of the Parish and their 2013 assessed valuations follow: 2013 Assessed Name of Taxpayer Type of Business Valuation 1. Marathon Ashland LLC Oil Refinery $210,388,620 2. Cargill Incorporated DB Food Processing Company 21,507,480 3. ArcelorMittal, LaPlace Steel Production 9,158,873 4. Enjet, Inc. Oil & Gas 7,593,927 5. Entergy Louisiana, Inc. Electric Utility 7,254,140 6. E I Du Pont de Nemours & Co. Chemicals 7,196,372 7. Nalco Chemical Company Chemicals 7,088,231 8. Du Pont Performance Elastomers Plastics 6,815,751 9. Penn Maritime, Inc Oil Field Transportation 5,919,800 10. Bengal Pipeline Company Oil & Gas 5,174,020 $288,097,214 * ______*Approximately 62.44% of the 2013 taxable assessed valuation of the Parish. Source: St. John the Baptist Parish Assessor.

SUMMARY DEBT STATEMENT AS OF MAY 2, 2014 (For additional information, see Appendix “E” of this Official Statement)

A. Direct Debt of the Parish of St. John the Baptist

Type of Obligation Principal Outstanding Unlimited Ad Valorem Tax Bonds $ 40,480,000 Water Revenue Bonds 8,845,000 Certificates of Indebtedness 967,000 Revenue Bonds 2,718,000 Public Improvement Bonds 155,000 Sales Tax Bonds 1,025,000

B. Special Limited Obligations of the Parish of St. John the Baptist

Type of Obligation Principal Outstanding Fixed Rate Revenue Bonds $1,000,000,000*

* Payable solely out of the revenues derived from or in connection with an Installment Sale Agreement, and other amounts specifically pledged in the Indenture, both dated May 1, 2007, between the Parish and Marathon Oil Corporation.

C. Underlying Debt of School District No. 1 of the Parish of St. John the Baptist

Type of Obligation Principal Outstanding Unlimited Ad Valorem Tax Bonds $ 54,875,000**

** Excludes $10,180,000 of bonds, sold but not yet delivered..

D. Underlying Debt of the Parish School Board of the Parish of St. John the Baptist

Type of Obligation Principal Outstanding Sales Tax School Bonds $ 14,580,000

E. Underlying Debt of St. John the Baptist Parish Sales Tax District

Type of Obligation Principal Outstanding Public Improvement Bonds $ 18,177,000

A-4 Default Record

According to the Chief Financial Officer, the Parish has never defaulted in the payment of its outstanding bonds or obligations.

Outstanding Short Term Indebtedness

According to the Chief Financial Officer, the Parish has no short term indebtedness, other than normal accounts payable or as otherwise stated in this Official Statement.

Bank Balances

The Parish reported the balances in its various funds and accounts as of January 31, 2014:

Name of Fund B A L ANCES Solid Waste $ 1,650,212 Road Lighting District 2,618,619 PI Bond Refund 1989 Reserve 1,428,691 PI Bond Refund 1989 Sinking 881,493 Ambulance Fund 15,872 P/W Sew Const-PH II 307,032 Permit Clearing 26,848 Payroll Account 29,018 Mosquito Abatement 276,973 Economic Development 2,701,338 General Fund 1,224,599 Health Unit 944,613 Sales Tax District 5,961,111 Roads and Bridges 347,429 Animal Shelter 350,921 ED Sales Tax Bonds Sinking 81,502 ED Sales Tax Bonds Reserve 382,934 Criminal Court 186,009 Sew. Operations/Maint 644,623 Sew. Const. Pub Imp Bond 2010 13,938,444 Utility System Fund 984,261 Utility On-Line Acct. 218,462 Utility Cap Imp Fund 143,668 Utility RF BD 1997A & B SK 92,404 Land Escrow Acct 7 Recreation 1,580,742 G.O. Bonds Series 2009 $ 8,446,601 SJP Convention Center 547,227 Utility G/W Meter 1,114,861 Utility Water Revenue 7,086 Senior Citizen 33,722 ARC Maintenance 672,735 Juvenile Detention Center 1,072,342 General Oblig. Bonds 7,684,328 2002 G.O. Bond 1 Housing Repair Program 2,119 Ike/Gustav CDBG Grant 1

(Table continued on the next page.)

A-5 Name of Fund B A L ANCES Hurricane Isaac 611,334 DEQ Loan 81,311 LDHH 35 CIAP West Lac Des Allemand 16,377 CIAP Reserve Canal 407,813 DHHS - General Fund 217,219 DHHS - Energy Assistance 36,259 DHHS - CSBG Funds 49 Airport Authority 70,376 Department of Public Safety 606,502 St. John Communications Dist 1,766,573 LaPlace Volunteer Fire Dept. 4,179,853 Reserve Volunteer Fire Dept. 364,977 Westbank Volunteer Fire Dept. 414,041 Garyville Volunteer Fire Dept. 400,247 Office of Fire Services 2,880,366 FD Reserve Fund 273,526 FD Sinking Fund 29,909 TOTAL $68,955,615

Source: Department of Finance, St. John the Baptist Parish. Figures unaudited.

Audit Report

Included in Appendix “B” hereto is the Comprehensive Annual Financial Report of the Governing Authority for the for the fiscal year ended December 31, 2012, audited by Carr, Riggs & Ingram, LLC, CPA’s and Advisors, and their report, dated as of June 26, 2013, is included therein. The audited financial statements pertaining to the Parish which are included in this Official Statement have been included in reliance upon said report; however, such Auditors have not consented to inclusion of the financial statements herein and have not performed any additional review procedures related thereto. The Auditors did not perform any procedures relating to any of the information in this Official Statement.

The unaudited financial statements of the Governing Authority for the fiscal year ended December 31, 2013, are included in Appendix “C” hereto.

Budget

Included in Appendix “D” hereto is the summary of the Budget of the Parish for the fiscal year ending December 31, 2014.

GASB 45

Effective with the fiscal year beginning January 1, 2008, the Governing Authority implemented Government Accounting Standards Board Statement Number 45 (“GASB 45”). A summary of the impact of the Governing Authority's post-employment benefit obligations on the finances of the Parish is further explained in Note 8-Other Post-Employment Benefits-of the 2012 audited financial statements of the Governing Authority found in Appendix “B” hereto. See page 51 of the audit.

A-6 ECONOMIC INDICATORS

Per Capita Personal Income

A comprehensive revision of the estimates of Per Capita Personal Income by State were published in November 2013 by the Bureau of Economic Analysis of the U.S. Department of Commerce. The recent trends in revised per capita personal income for St. John the Baptist Parish, Louisiana, and the Nation are indicated in the following table:

Per Capita Personal Income 2008 2009 2010 2011 2012 St. John the Baptist Parish $34,633 $34,316 $35,091 $35,755 $36,623 Louisiana 37,799 36,378 37,217 38,623 40,057 United States 40,873 39,357 40,163 42,298 43,735

Source: U.S. Department of Commerce, Bureau of Economic Analysis. November 21, 2013.

(The personal income level for the United States is derived as the sum of the county estimates; it differs from the national income and product accounts (NIPA) estimate of personal income because by definition, it omits the earnings of Federal civilian and military personnel stationed abroad and others. It can also differ from the NIPA estimate because of different data sources and revision schedules.)

Employment

The Louisiana Workforce Commission issued revised not seasonally adjusted annual average statistics for various employment areas within Louisiana. The annual average figures for St. John the Baptist Parish and Louisiana were reported as follows:

Year Labor Force Employment Unemployment Parish Rate State Rate 2007 22,266 21,273 993 4.5 3.8 2008 20,858 19,715 1,143 5.5 4.4 2009 20,328 18,624 1,704 8.4 6.6 2010 20,783 18,696 2,087 10.0 7.4 2011 19,918 18,036 1,882 9.4 7.3 2012 19,878 18,307 1,571 7.9 6.4 The preliminary figures for March 2014 were reported as follows:

Month Labor Force Employment Unemployment Parish Rate State Rate 03/14 19,761 18,630 1,131 5.7 4.5*

* Seasonally adjusted rate was 4.5. Source: Louisiana Workforce Commission. April 25, 2014.

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A-7 The names of several of the largest employers located in the Parish are as follows:

Approximate No. of Name of Employer Type of Business Employees 1. Marathon Ashland LLC Oil Refinery 1,760 2. St. John the Baptist Parish School Board Education 1,000 3. ArcelorMittal, LaPlace (formerly Bayou Steel) Steel Production 452 4. E I DuPont de Nemours & Co. Chemicals 425 5. Nalco Chemical Company Chemicals 273 6. St. John Parish Government 210 7. Louisiana Machinery Co. Large Machines 156 8. Cargill, Inc. Food Processing Company 134 9. Dredging Supply Dredging 130 10. Pinnacle Polymers Polypropylene Production 120

Source: Department of Finance, St. John the Baptist Parish.

There can be no assurance that any employer listed will continue to locate in the Parish or continue employment at the level stated.

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A-8 ANNUAL AVERAGE ST. JOHN THE BAPTIST PARISH CONCURRENT ECONOMIC INDICATORS 2009, 2010, 2011, 2012 AND THIRD QUARTER 2013

ST. JOHN THE BAPTIST PARISH 2009 2010 2011 2012 2013:3 EMPLOYMENT Total 15,279 15,247 14,999 14,786 14,315 Agriculture, Forestry, Fishing, and Hunting 32 43 40 32 26 Mining 309 404 529 556 587 Utilities 179 176 169 176 202 Construction 1,195 1,296 1,348 1,424 1,281 Manufacturing 2,860 2,771 2,655 2,700 2,626 Wholesale Trade 624 588 641 632 606 Retail Trade 1,767 1,713 1,693 1,651 1,697 Transportation & Warehousing 909 855 902 886 761 Information 147 140 142 156 152 Finance & Insurance 400 522 510 474 511 Real Estate and Rental and Leasing 159 138 154 137 143 Professional & Technical Services 321 315 326 336 335 Management of Companies and Enterprises 198 208 213 209 163 Administrative and Waste Services 1,033 1,016 799 721 619 Educational Services * * * * * Health Care and Social Assistance 1,404 1,390 1,345 1,309 1,202 Arts, Entertainment, and Recreation 175 225 201 202 239 Accommodation and Food Services 1,167 1,117 1,122 1,107 1,046 Other Services, except Public Administration 349 297 298 197 214 Public Administration 743 774 780 775 801

EARNINGS ($ in Thousands) Annual Annual Annual Annual Quarterly Total $684,137 $706,613 $726,394 $738,752 $167,932 Agriculture, Forestry, Fishing, and Hunting 855 1,072 1,026 975 182 Mining 18,234 25,389 31,406 34,178 9,086 Utilities 11,242 10,571 10,869 11,772 2,853 Construction 57,035 64,458 69,563 74,321 16,505 Manufacturing 225,571 229,199 229,441 244,313 54,880 Wholesale Trade 34,324 38,229 43,699 45,745 11,087 Retail Trade 44,136 42,539 41,382 42,260 11,222 Transportation & Warehousing 43,219 41,728 45,246 45,363 9,172 Information 6,056 6,056 6,453 7,322 1,585 Finance & Insurance 20,124 25,297 30,066 26,182 6,802 Real Estate and Rental and Leasing 6,346 5,627 6,190 6,352 1,698 Professional & Technical Services 15,343 15,243 17,229 17,995 4,255 Management of Companies and Enterprises 6,176 7,362 7,472 7,475 1,625 Administrative and Waste Services 32,858 34,447 29,605 25,827 5,553 Educational Services * * * * * Health Care and Social Assistance 50,014 49,860 48,907 45,796 10,481 Arts, Entertainment, and Recreation 2,742 3,197 3,065 3,305 831 Accommodation and Food Services 15,622 15,190 14,981 15,351 3,713 Other Services, except Public Administration 10,907 10,066 12,687 6,062 1,753 Public Administration 29,405 30,519 30,127 31,147 7,433

* Data non-publishable. Source: Louisiana Workforce Commission.

A-9 Sales Tax Collections

The trend in the Parish sales and use tax revenues is indicated in the table below:

Fiscal Year Sales Tax (Ended 12/31) Revenues 2001 $10,499,133 2002 9,569,268 2003 9,953,360 2004 13,110,733 2005 16,445,398 2006 17,801,087 2007 18,051,852 2008 30,345,016* 2009 30,989,873 2010 18,691,071 2011 17,885,038 2012 20,642,215 2013

* The increase in revenue was due to the expansion of the Marathon Ashland LLC.

Source: Comprehensive Annual Financial Report, St. John the Baptist Parish Council.

Banking Facilities

The Parish is served by branches of the following banks:

Banks Capital One, National Association Community Bank First American Bank & Trust First National Bank USA IBERIABANK JPMorgan Chase Bank, National Association Regions Bank Whitney Bank Woodforest National Bank

GENERAL REMARKS

Background

St. John the Baptist Parish, created in 1807, was one of Louisiana's original Parishes. The area was settled primarily by Germans and became known as the “German Coast.”

The Parish is approximately twenty-five (25) miles west of Downtown New Orleans and is approximately sixty (60) miles southeast of Baton Rouge. The Mississippi River divides the Parish into two parts. To the south or on the West Bank of St. John the Baptist Parish is Lac Des Allemands and to the north or on the East Bank are Lake Maurepas and Lake Pontchartrain. Bordering these lakes are vast acreage of wetlands that are breeding grounds for a large number of Louisiana's wild game and seafood. The majority of Lac Des Allemands lies within the boundaries of St. John Parish.

A-10 Transportation

The East Bank of St. John the Baptist Parish is serviced by two rail lines. The lines are the Canadian National and Kansas City Southern. The rail services on the East Bank of the Parish provide a direct link between New Orleans and Baton Rouge. Located in each of these two cities are major connections to all points in the United States. The West Bank of the Parish is served by the Union Pacific and Burlington Northern Sante Fe. This rail line is a direct line between New Orleans and Baton Rouge which provides access to all major markets in the United States.

St. John the Baptist Parish is also served by U.S. Highway 61 and U.S. Highway 51. U.S. 61 provides service between New Orleans and Baton Rouge. U.S. Highway 51 provides access north to Jackson, Mississippi. Interstate Highway 10 provides access to east-west routes. Interstate Highway 55 provides access north. The East Bank is also served by Louisiana Highway 44. This is a two-lane highway that follows the levee along the Mississippi River. Other state highways located in the Parish include Louisiana Highways 18, 53, 54, 643, 637, 39, 640, 3188, and 3127.

Other means of transportation are provided from truck services, bus service, water transportation and air service.

Located in St. John the Baptist Parish, and also in St. Charles Parish and St. James Parish, is the Port of South Louisiana, which has been ranked first nationally and fourth internationally in tonnage and is also the largest tonnage port district in the western hemisphere. It handles more than 50% of imports and exports within the state.

St. John the Baptist Parish currently offers several industrial parks, over 2,000 acres developed for warehouses, distribution or industrial use and over 50,000 acres available for industrial development. Also, the Parish has several enterprise zones offering one time tax credits for each new job created or added to the payroll during the first five years of the program, and an exemption from state sales taxes on building materials and operating equipment used in construction (for up to two years).

Economic Development

In March 2010, The Marathon Oil Corporation completed a four year expansion project at its Ashland refinery in Garyville, Louisiana, at a cost of $3.9 billion. The new refinery addition, which is located right next to the original refinery built in 1976, includes a new crude distillation unit, hydrocracker, refomer, kerosene hydrotreater, delayed coker, additional sulfur recovery capacity, as well as other infrastructure investments. The expansion has increased the plant’s capacity from approximately 245,000 barrels per day to 436,000 barrels per day, making the refinery the fourth largest in the United States, based on information provided by the U.S. Energy Information Administration.

A-11

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APPENDIX “B”

COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR FISCAL YEAR ENDING DECEMBER 31, 2012

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ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA

COMPREHENSIVE ANNUAL FINANCIAL REPORT

Year Ended December 31, 2012

Submitted by: Department of Finance INTRODUCTORY SECTION (THIS PAGE IS INTENTIONALLY LEFT BLANK) ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA COMPREHENSIVE ANNUAL FINANCIAL REPORT COMPREHENSIVE ANNUAL FINANCIAL REPORT As of and for the Year Ended December 31, 2012 As of and for the Year Ended December 31, 2012

TABLE OF CONTENTS TABLE OF CONTENTS (CONTINUED)

INTRODUCTORY SECTION Proprietary Funds:

Letter of Transmittal ...... vii Statement of Fund Net Position ...... 23

GFOA Certificate of Achievement for Excellence in Financial Reporting ...... xv Statement of Revenues, Expenses and Changes in Net Position ...... 24

Principal Officials ...... xvi Statement of Cash Flows ...... 25

Organizational Chart ...... xvii Notes to the Financial Statements ...... 27

FINANCIAL SECTION REQUIRED SUPPLEMENTARY INFORMATION OTHER THAN MANAGEMENT’S DISCUSSION AND ANALYSIS INDEPENDENT AUDITOR’S REPORT ...... 1 Schedules of Funding Progress ...... 74 REQUIRED SUPPLEMENTARY INFORMATION Schedule of Revenues, Expenditures, and Changes Management’s Discussion and Analysis ...... 4 in Fund Balances - Budget and Actual - General Fund ...... 75

BASIC FINANCIAL STATEMENTS Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Sales Tax District ...... 76 Government-wide Financial Statements: Schedule of Revenues, Expenditures, and Changes Statement of Net Position ...... 15 in Fund Balances - Budget and Actual - Roads and Bridges ...... 77

Statement of Activities ...... 16 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Hurricane Isaac Fund ...... 78 Fund Financial Statements: Notes to the Required Supplementary Information ...... 79 Governmental Funds: OTHER SUPPLEMENTAL INFORMATION Balance Sheet ...... 18 Schedule of Council Members and Parish President Compensation ...... 80 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets ...... 19 Fund Descriptions - Nonmajor Funds ...... 81

Statement of Revenues, Expenditures, and GOVERNMENTAL FUNDS Changes in Fund Balances ...... 20 Combining Balance Sheet - Nonmajor Governmental Funds ...... 85 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities ...... 22 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Nonmajor Governmental Funds ...... 90

i ii ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA COMPREHENSIVE ANNUAL FINANCIAL REPORT COMPREHENSIVE ANNUAL FINANCIAL REPORT As of and for the Year Ended December 31, 2012 As of and for the Year Ended December 31, 2012

TABLE OF CONTENTS (CONTINUED) TABLE OF CONTENTS (CONTINUED)

Schedule of Revenues, Expenditures, and Changes Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Health Unit Tax ...... 95 in Fund Balances - Budget and Actual - Westbank Volunteer Fire Department ...... 109

Schedule of Revenues, Expenditures, and Changes Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - ARC Maintenance Fund ...... 96 in Fund Balances - Budget and Actual - Garyville Volunteer Fire Department ...... 110

Schedule of Revenues, Expenditures, and Changes Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Juvenile Detention Center ...... 97 in Fund Balances - Budget and Actual - Fire Services ...... 111

Schedule of Revenues, Expenditures, and Changes Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Ambulance Fund ...... 98 in Fund Balances - Budget and Actual - Criminal Court ...... 112

Schedule of Revenues, Expenditures, and Changes Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Convention Center Fund ...... 99 in Fund Balances - Budget and Actual – Recreation Fund ...... 113

Schedule of Revenues, Expenditures, and Changes Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Senior Citizens Tax ...... 100 in Fund Balances - Budget and Actual – CDBG ...... 114

Schedule of Revenues, Expenditures, and Changes Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – Economic Development ...... 101 in Fund Balances - Budget and Actual – Animal Shelter ...... 115

Schedule of Revenues, Expenditures, and Changes Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Airport Authority ...... 102 in Fund Balances - Budget and Actual – Health and Human Services ...... 116

Schedule of Revenues, Expenditures, and Changes STATISTICAL SECTION - (UNAUDITED) in Fund Balances - Budget and Actual - Communication District ...... 103 Statistical Section Index ...... 117 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Civil Defense ...... 104 Schedule 1 - Net Assets by Component ...... 118

Schedule of Revenues, Expenditures, and Changes Schedule 2 - Changes in Net Assets ...... 119 in Fund Balances - Budget and Actual - Street Lighting ...... 105 Schedule 3 - Fund Balances of Governmental Funds ...... 121 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – Land Escrow ...... 106 Schedule 4 - Changes in Fund Balances of Governmental Funds ...... 122

Schedule of Revenues, Expenditures, and Changes Schedule 5 - Direct and Overlapping Sales Tax Rates ...... 123 in Fund Balances - Budget and Actual – LaPlace Volunteer Fire Department ...... 107 Schedule 6 - Assessed and Estimated Actual Value of Taxable Property ...... 124 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Reserve Volunteer Fire Department ...... 108 Schedule 7 - Direct and Overlapping Property Tax Rates ...... 125

iii iv ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA COMPREHENSIVE ANNUAL FINANCIAL REPORT COMPREHENSIVE ANNUAL FINANCIAL REPORT As of and for the Year Ended December 31, 2012 As of and for the Year Ended December 31, 2012

TABLE OF CONTENTS (CONTINUED) TABLE OF CONTENTS (CONTINUED)

Schedule 8 - Principal Property Taxpayers ...... 126 Schedule of Findings and Questioned Costs ...... 147

Schedule 9 - Property Tax Levies and Collections ...... 127 Summary Schedule of Prior Audit Findings ...... 150

Schedule 10 - Ratios of Outstanding Debt by Type ...... 128 Corrective Action Plan ...... 151

Schedule 11 - Ratios of Net General Bond Debt Outstanding ...... 129

Schedule 12 - Direct and Overlapping Governmental Activities Debt ...... 130

Schedule 13 - Legal Debt Margin Information ...... 131

Schedule 14 - Pledged-Revenue Coverage ...... 132

Schedule 15 - Demographic and Economic Statistics ...... 133

Schedule 16 - Principal Employers ...... 134

Schedule 17 - Full-Time Equivalent Parish Government Employees by Function/Program ...... 135

Schedule 18 - Operating Indicators by Function ...... 136

Schedule 19 - Capital Asset Statistics by Function ...... 137

SINGLE AUDIT SECTION

REPORTS REQUIRED BY GOVERNMENT AUDITING STANDARDS AND THE SINGLE AUDIT ACT

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 ...... 138

Independent Auditor’s Report on Compliance for Each Major Program and on Internal Control over Compliance Required by OMB Circular A-133 ...... 140

Schedule of Expenditures of Federal Awards ...... 143

Notes to Schedule of Expenditures of Federal Awards ...... 146

v vi

ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA

PRINCIPAL OFFICIALS

JACLYN HOTARD Chairperson LENNIX MADERE, JR. Vice-Chairperson NATALIE ROBOTTOM Parish President RANDY VINCENT Chief Administrative Officer VINCE LUCIA Chief Financial Officer

COUNCIL MEMBERS

LUCIEN J. GAUFF, III Division A JACLYN HOTARD Division B ART SMITH District I RANNEY WILSON District II LENNIX MADERE, JR. District III MARVIN PERRILLOUX District IV MICHAEL P. WRIGHT District V LARRY SNYDER District VI CHERYL MILLET District VII

xv xvi ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA ORGANIZATIONAL CHART December 31, 2012

Parish President

Chief Financial Director of Officer (THIS PAGE IS INTENTIONALLY LEFT BLANK) Communications Executive Assistant Director of Director of Asst. to Parish Chief Administrative Purchasing and Economic Development President Officer Procurement

Director of Director of Parks & Public Safety Director of Utilities Director of Human Director of Health Recreation Resources & Human Services

Director of Public Works Director of Planning & Zoning/ADA

Asst. to Parish President Asst. to Parish President – Judicial Liaison

xvii FINANCIAL SECTION (THIS PAGE IS INTENTIONALLY LEFT BLANK)  Carr,Riggs&Ingram,LLC  3501NorthCausewayBoulevard  Suite810  Metairie,Louisiana70002    (504)837Ͳ9116  (504)837Ͳ0123(fax)  www.CRIcpa.com We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for  our audit opinions.

 Opinions

 In our opinion, the financial statements referred to above present fairly, in all material respects, the  respective financial position of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of  INDEPENDENT AUDITOR’S REPORT the Parish, as of December 31, 2012, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles  To the Honorable President generally accepted in the United States of America. and Members of the Council  St. John the Baptist Parish Council Other Matters  LaPlace, Louisiana Required Supplementary Information  We have audited the accompanying financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate Accounting principles generally accepted in the United States of America require that the management’s  remaining fund information of St. John the Baptist Parish Council (the “Parish”), as of and for the year discussion and analysis and budgetary comparison information on pages 4 through 14 and 73 through 78 ended December 31, 2012, and the related notes to the financial statements, which collectively comprise be presented to supplement the basic financial statements. Such information, although not a part of the  the Parish’s basic financial statements as listed in the table of contents. basic financial statements, is required by the Governmental Accounting Standards Board, who considers  it to be an essential part of financial reporting for placing the basic financial statements in an appropriate Management’s Responsibility for the Financial Statements operational, economic, or historical context. We have applied certain limited procedures to the required  supplementary information in accordance with auditing standards generally accepted in the United Management is responsible for the preparation and fair presentation of these financial statements in States of America, which consisted of inquiries of management about the methods of preparing the  accordance with accounting principles generally accepted in the United States of America; this includes the information and comparing the information for consistency with management’s responses to our design, implementation, and maintenance of internal control relevant to the preparation and fair presentation inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic  of financial statements that are free from material misstatement, whether due to fraud or error. financial statements. We do not express an opinion or provide any assurance on the information because  the limited procedures do not provide us with sufficient evidence to express an opinion or provide any Auditor’s Responsibility assurance.  Our responsibility is to express opinions on these financial statements based on our audit. We conducted Other Information  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 Our audit was conducted for the purpose of forming opinions on the financial statements that  Comptroller General of the United States. Those standards require that we plan and perform the audit to collectively comprise the Parish’s basic financial statements. The introductory section, combining and  obtain reasonable assurance about whether the financial statements are free from material misstatement. individual nonmajor fund financial statements, and statistical section, are presented for purposes of additional analysis and are not a required part of the basic financial statements. The schedule of  An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in expenditures of federal awards is presented for purposes of additional analysis as required by U.S. the financial statements. The procedures selected depend on the auditor’s judgment, including the Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-  assessment of the risks of material misstatement of the financial statements, whether due to fraud or Profit Organizations, and is also not a required part of the basic financial statements. error. In making those risk assessments, the auditor considers internal control relevant to the Parish’s  preparation and fair presentation of the financial statements in order to design audit procedures that are The combining and individual nonmajor fund financial statements and the Schedule of Expenditures of appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Federal Awards are the responsibility of management and were derived from and relate directly to the the Parish’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating underlying accounting and other records used to prepare the basic financial statements. Such information the appropriateness of accounting policies used and the reasonableness of significant accounting has been subjected to the auditing procedures applied in the audit of the basic financial statements and estimates made by management, as well as evaluating the overall presentation of the financial certain additional procedures, including comparing and reconciling such information directly to the statements. underlying accounting and other records used to prepare the basic financial statements or to the basic 1 2 Ͳ financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund financial statements and the Schedule of Expenditures of Federal Awards are fairly stated in all material respects in relation to the basic financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them. (THIS PAGE IS INTENTIONALLY LEFT BLANK) Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated June 26, 2013, on our consideration of the Parish’s internal control over financial reporting and on 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 internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Parish’s internal control over financial reporting and compliance.

Carr, Riggs & Ingram, LLC

June 26, 2013

3 REQUIRED SUPPLEMENTARY INFORMATION (THIS PAGE IS INTENTIONALLY LEFT BLANK) MANAGEMENT’S DISCUSSION AND ANALYSIS The remaining statements are fund financial statements that focus on individual parts of the Parish government, reporting the Parish’s operations in more detail than the This section of the St. John the Baptist Parish Council’s financial report presents our government-wide statements. discussion and analysis of the Parish’s financial performance during the year that ended on December 31, 2012. Please read it in conjunction with the transmittal letter at the front Government-Wide Financial Statements of this report and the Parish’s financial statements, which follow this section. The government-wide financial statements report information about the Parish as a whole FINANCIAL HIGHLIGHTS using accounting methods similar to those used by private-sector companies. The statement of net assets includes all of the government’s assets and liabilities. All of the The assets of St. John the Baptist Parish Council exceeded its liabilities by approximately current year’s revenues and expenses are accounted for in the statement of activities $202 million at December 31, 2012. Of this amount approximately $153 million is regardless of when cash is received or paid. invested in capital assets net of related debt. The Parish has an unrestricted net position balance of approximately $539 thousand in the governmental activities and $3 million in The two government-wide statements report the Parish’s net assets and how they have its business-type activities that may be used to meet its ongoing obligations. changed. The government-wide financial statements are divided into three categories:

The total net position of the Parish increased in 2012 by approximately $2 million. Net x Governmental activities – This category includes most of the Parish’s basic assets of governmental activities decreased by approximately $1.5 million while the net services such as public safety, public works, economic development and general position of business-type activities increased by approximately $3.5 million. The government. Sales taxes and property taxes finance most of this activity. decrease in net position of governmental activities was due primarily to a capital x Business-type activities – This category reflects operations that are financed and contribution to business-type funds of completed construction-in-progress. operated in a manner similar to private businesses where the Parish charges a fee for services it provides. The Parish’s water, sewer, solid waste, and mosquito As of the close of the current year, the Parish’s governmental funds reported combined abatement systems are included here. ending fund balances of approximately $74.2 million, an increase of approximately $60 x Component Units – This category includes the St. John Parish Library. This entity thousand in comparison with the prior year. At the end of the current year unassigned is legally separate from the Parish, but the Parish is financially accountable for it. fund balance for the General Fund was approximately $2.1 million, or 27% of the total General Fund expenditures. Fund Financial Statements

The Parish’s total debt decreased by approximately $4.8 million during the current year. The fund financial statements provide more detailed information about the Parish’s most This change was due to the increase in other post-employment benefits liability of $2.1 significant funds – not the Parish as a whole. Funds are accounting devices that the Parish million, the increase of loans and bonds of $5 million dues to new issuances and uses to keep track of specific sources of funding and spending for particular purposes. refinancing, and the decrease of debt of $12.7 million for principal retirements and The Parish has many funds to account for the numerous funding sources provided defeasance of debt. annually. However, the fund financial statements look at the Parish’s major funds with all non-major funds presented in total in one column. These statements report governmental OVERVIEW OF THE FINANCIAL STATEMENTS activities on a more current basis rather than a long-term basis, indicating sources and uses of funding and resources available for spending in future periods. This annual report consists of four parts: management’s discussion and analysis (this section), the basic financial statements, required supplementary information, and an The Parish has two types of funds: optional section that presents combining statements for non-major governmental funds. The basic financial statements include two kinds of statements that present different Governmental funds – Most of the Parish’s activities are reported in governmental funds, views of the Parish. which focus on how money flows in and out of those funds, the balances that are left at year-end, and the amount available for spending in future periods. These funds are The first two statements are government-wide financial statements that provide both reported using the modified accrual basis of accounting, which measures cash and all long-term and short-term information about the Parish’s overall financial status. other financial assets that can be readily converted to cash.

4 5 The relationship between governmental activities reported in the government-wide Statement of Net Position* financial statements and the governmental funds reported in the fund financial statements (in thousands) are reconciled in the fund financial statements. Governmental Business-type Activities Activities Total Proprietary funds – Services for which the Parish charges customers a fee are generally 2012 2011 2012 2011 2012 2011 reported in proprietary funds. Proprietary funds, like government-wide statements, provide both long and short-term financial information. Assets Current and other assets $ 79,058 $ 79,188 $ 6,418 $ 5,920 $ 85,476 $ 85,108 The business-type activities reported in the government-wide financial statements are the same as the proprietary funds reported in the fund financial statements, but the latter Capital assets 78,161 84,226 130,947 128,932 209,108 213,158 provide more detail and additional information, such as cash flows. Total assets 157,219 163,414 137,365 134,852 294,584 298,266

Notes to Financial Statements Liabilities

The notes provide additional information that is essential to a full understanding of the Long-term debt 79,641 83,435 4,720 5,747 84,361 89,182 data provided in the government-wide and fund financial statements. Other liabilities 5,069 6,008 2,945 2,945 8,014 8,953

Other information Total liabilities 84,710 89,443 7,665 8,692 92,375 98,135 Net position In addition to the basis financial statements and accompanying notes, this report also presents certain required supplementary information. The combining statements referred Invested in capital assets, to in connection with nonmajor governmental funds and enterprise funds are presented net of related debt 27,267 29,742 126,227 123,184 153,494 152,926 immediately following the required supplementary information. Restricted 44,703 43,481 420 264 45,123 43,745

GOVERNMENT-WIDE FINANCIAL ANALYSIS Unrestricted 539 747 3,053 2,712 3,592 3,459

As mentioned earlier, the assets of St. John the Baptist Parish Council exceeded its Total net position $ 72,509 $ 73,970 $ 129,700 $ 126,160 $ 202,209 $ 200,130 liabilities by approximately $202 million at December 31, 2012. The largest portion * In 2012, the Parish implemented GASB Statement 63, Financial Reporting of Deferred Outflows of Resources, (75.9%) of the net position reflects investment in capital assets net of any related Deferred Inflows of Resources, and Net Position, which changed the Statement of Net Assets to Statement of Net outstanding debt associated with the acquisition of those assets. The Parish uses these Position. Amounts prior to 2012 were titled Net Assets, whereas in 2012, the new terminology is Net Position. capital assets to provide services to its citizens. Consequently, these assets are not available for future spending. Although the Parish’s investment in its capital assets is Another portion of St. John the Baptist Parish’s net assets (22.3%) represents resources reported net of related debt, it should be noted that the resources needed to repay this debt that are subject to restrictions on how they may be used. The majority of these restricted must be provided from other sources, since the capital assets themselves cannot be used assets are the result of recent bond issuances to provide capital improvements to roads, to liquidate these liabilities. The following table reflects condensed information on the drainage, and water system. Parish’s net position: St. John the Baptist Parish’s business-type activities net position increased approximately $3.5 million due primarily to an increase in capital contributions. The Parish’s governmental activities net position decreased approximately $1.5 million. This decrease is attributed primarily to an increase in capital contributions to business-type funds.

A comparative view of the Parish’s total revenues and total expenses for governmental and business-type activities are reflected in the following chart.

6 7 Change in Net Position The following charts illustrate the revenues and expense for governmental activities for (in thousands) 2012: Governmental Business-type Activities Activities Total 2012 2011 2012 2011 2012 2011 Revenues Revenues by Source - Governmental Activities

Program revenues Charges for services $ 3,054 $ 5,130 $ 16,691 $ 16,873 $ 19,745 $ 22,003 Operating grants and contributions 7,175 2,873 - - 7,175 2,873 Capital grants and Other taxes, 2.5% contributions 60 860 - - 60 860 Grants not restricted, Capital grants & 0.1% General revenues Other, 14.6% Property taxes 11,050 10,007 188 170 11,238 10,177 contributions, 0.1% Charges for services, Sales taxes 20,642 17,885 - - 20,642 17,885 12.7% Property taxes, 23.5% Other taxes 1,744 1,567 - - 1,744 1,567 Grants and contributions restricted to specific programs 50 829 44 32 94 861 Other 3,203 1,308 120 117 3,323 1,425 Total revenues 46,978 40,459 17,043 17,192 64,021 57,651 Operating grants & Sales Taxes, 43.9% contributions, 15.3% Expenses

General government 9,016 8,420 - - 9,016 8,420 Public safety 7,234 7,270 - - 7,234 7,270 Public works 15,729 12,426 - - 15,729 12,426 Health and welfare 1,994 2,552 - - 1,994 2,552 Economic development 1,388 1,504 - - 1,388 1,504 Culture and recreation 1,491 1,395 - - 1,491 1,395 Interest on long-term debt 2,726 3,648 - - 2,726 3,648 Solid waste - - 3,431 3,601 3,431 3,601 Mosquito abatement - - 751 747 751 747 Water - - 8,122 8,524 8,122 8,524 Expenses by Function - Governmental Activities Sewer - - 10,060 9,258 10,060 9,258 Economic development, Total expenses 39,578 37,215 22,364 22,130 61,942 59,345 3.5% Health & welfare, 5.0% Culture & recreation, Excess (deficiency) 3.8% before transfers and contributions 7,400 3,244 (5,321) (4,938) 2,079 (1,694) Interest on long-term debt, 6.8% Contributions (5,746) (4,531) 5,746 4,531 - - Public works, 39.8% Transfers (3,115) (2,590) 3,115 2,590 - -

Increase (decrease) in General government, net position (1,837) (3,877) 3,540 2,183 2,079 (1,694) 22.8%

Net position– beginning 73,970 77,847 126,160 123,977 200,130 201,824 Public safety, 18.3%

Net position – ending $ 72,509 $ 73,970 $ 129,700 $ 126,160 $ 202,209 $ 200,130

8 9 The Parish’s business-type revenues increased .87% from the previous year due primarily FINANCIAL ANALYSIS OF THE GOVERNMENT’S FUNDS to receiving an increase in charges for services. Charges for services and fees accounted for approximately 99% of revenues for business-type activities and these increased As noted earlier, St. John the Baptist Parish uses fund accounting to ensure and slightly from the amount in 2011. The total expenses associated with business-type demonstrate compliance with finance-related legal requirements. activities increased in 2012 as compared to 2011. The following charts illustrate the revenues and expense for business-type activities for 2012: Governmental funds – The focus of St. John the Baptist Parish’s governmental funds is to provide information on near-term inflows, outflows and balances of spendable resources. Such information is useful in assessing St. John the Baptist Parish’s financing Revenues by Source - Business-type Activities requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year.

As of the end of the current fiscal year, St. John the Baptist Parish’s governmental funds Other, 0.6% reported combined ending fund balances of approximately $74.1 million, an increase of approximately $60 thousand in comparison with the prior year. Approximately 2.9% of this total amount (approximately $2.1 million) constitutes unassigned fund balance. The remainder of fund balance is nonspendable, restricted, or committed to indicate that it is not available for new spending because it has already been reserved to liquidate contracts and purchase orders of the prior period, to pay debt service, or to finance capital projects.

Charges for services, 99.4% The General Fund is the chief operating fund of St. John the Baptist Parish. At the end of the current fiscal year, unassigned fund balance of the General Fund was $2,128,087, while total fund balance reached $2,175,163. As a measure of the General Fund’s liquidity, it may be useful to compare both unassigned fund balance and total fund balance to total fund expenditures. Unassigned fund balance represents 26.7% of total General Fund expenditures, while total fund balance represents 27.3% of that same amount.

The fund balance of St. John the Baptist Parish’s General Fund increased by $208,441 during the current fiscal year.

Revenues by Fund - Business-type Activities The fund balance of the Sales Tax District special revenue fund decreased by $1,201,609 during the current fiscal year, due to a decrease in sales tax collections.

The fund balance of the Roads and Bridges Fund increased by $460,921. Solid waste, 22.1% Sewer, 33.7% The fund balance of the 1992 General Obligation Sinking Fund increased by $443,218. Mosquito abatement, 4.2% The fund balance of the 2010 Sewer Bond Construction Fund decreased by $201,500.

Propriety funds – St. John the Baptist Parish’s propriety funds provide the same type of Utilities, 40.1% information found in the government-wide financial statements, but in more detail.

BUDGETARY HIGHLIGHTS

The Parish’s budget is prepared according to Louisiana law. During the course of the year, the Parish revises its budget to take into consideration significant changes in

10 11 revenues or expenditures. Louisiana Revised Statute 39:1311 requires a budget CAPITAL ASSETS AND DEBT ADMINISTRATION amendment if either expected revenues are less, or anticipated expenditures in excess, of budgetary goals by 5% or more. The original budget for the Parish was adopted on The Parish’s investment in capital assets as of December 31, 2012 for its governmental December 13, 2011 and the final revised budget was adopted on June 25, 2013. and business-type activities were approximately $209 million, net of depreciation as reflected in the schedule below: A statement showing the Parish’s original and final budget compared with actual Capital Assets (in thousands) operating results is provided in the CAFR beginning on page 74. Governmental Business-type A comparison of actual results as of December 31, 2012 and the original budget for the Activities Activities Total General Fund are as follows: 2012 2011 2012 2011 2012 2011 Original Land $ 3,643 $ 3,491 $ 1,679 $ 1,679 $ 5,322 $ 5,170 Budget Actual Difference Buildings 24,680 22,069 12,314 8,356 36,994 30,425 Equipment & fixtures 4,528 5,363 2,367 1,333 6,896 6,696 Total revenues $ 4,139,842 $ 4,319,413 $ 179,571 Infrastructure 39,449 34,541 114,587 116,654 154,036 151,195 Total expenditures 7,521,610 7,979,716 (458,106) Construction in progress 5,860 11,715 - - 5,860 11,715 Other financing sources 3,188,772 3,868,744 679,972 Total $ 78,161 $ 77,179 $ 130,947 $ 128,022 $ 209,108 $ 205,201 The 7.8% increase in governmental activities capital assets is due primarily to an increase Net change in fund balance $ (192,996) $ 208,441 $ 401,437 in infrastructure. The capital assets for business-type activities increased approximately $2 million. More detailed information on capital assets is included in Note 6 in the notes to the basic financial statements. Significant variations between the original budget and the final amended budget for the General Fund are as follows: LONG-TERM DEBT

Original Final The Parish had approximately $84.2 million in long-term debt as shown in the table Budget Budget Difference below:

Total revenues $ 4,139,842 $ 4,319,411 $ 179,569 Outstanding long-term debt Total expenditures 7,521,610 7,974,866 (453,256) (in thousands) Other financing sources 3,188,772 3,215,742 26,970 Governmental Business-type Activities Activities Total Net change in fund balance $ (192,996) $ (439,713) $ (246,717) 2012 2011 2012 2011 2012 2011

Total revenues in the final amended budget were higher than the original budget due to General obligation bonds $ 45,700 $ 48,330 $ - $ - $ 45,700 $ 48,330 higher than anticipated sales tax and Federal grant receipts. Certificates of indebtedness 1,802 2,199 - - 1,802 2,199 Public improvement bonds 19,090 21,150 - - 19,090 21,150 Sales tax bonds 5,171 5,881 - - 5,171 5,881 Capital lease obligations 437 676 - - 437 676 Loans 199 - - - 199 - Net post-employment benefit obligation 6,682 5,199 - - 6,682 5,199 Revenue bonds - - 4,720 5,747 4,720 5,747 Issuance Costs (555) (625) (58) - (613) (625) Discount/Premiums 559 619 - 94 559 713 Total $ 79,086 $ 83,429 $ 4,662 $ 5,841 $ 83,748 $ 89,270

The Parish’s long-term debt decreased by approximately $5.5 million, debt payments and refunding during the year netted the decrease in 2012.

12 13 More detailed information on long term obligations and debt is included in Note 11 in the notes to the basic financial statements.

ECONOMIC AND OTHER FACTORS BEARING ON THE PARISH’S FUTURE

The Parish’s property tax revenue will continue to increase due to Industrial tax exemption expirations in 2013. Also, additional industrial expansion is expected to begin during the coming months. The sales tax revenues are expected to increase slightly during 2013 based on the revenues collected to date. These factors were taken into consideration during the budget process for 2013. (THIS PAGE IS INTENTIONALLY LEFT BLANK)

In April 2013, the Parish Council approved ordinance 13-07 authorizing the issuance and sale of $6,000,000 of Water Revenue Bonds, Series 2013 for the purpose of acquiring and constructing improvements, extensions, and replacements to the waterworks system of the Parish.

REQUESTS FOR INFORMATION

This financial report is designed to provide our citizens, taxpayers, customers, and investors and creditors with a general overview of the Parish’s finances and to demonstrate the Parish’s accountability for the money it receives. If you have questions about this report or need additional information, contact the Parish’s Chief Financial Officer at 1801 W. Airline Hwy., LaPlace, LA 70068.

14 BASIC FINANCIAL STATEMENTS (THIS PAGE IS INTENTIONALLY LEFT BLANK) ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA STATEMENT OF NET POSITION STATEMENT OF ACTIVITIES December 31, 2012 For the Year Ended December 31, 2012

COMPONENT PRIMARY GOVERNMENT UNIT Program Revenues GOVERNMENTAL BUSINESS-TYPE Operating Capital ACTIVITIES ACTIVITIES TOTAL LIBRARY Charges for Grants and Grants and ASSETS Functions/Programs Expenses Services Contributions Contributions Cash and cash equivalents$ 58,702,897 $ 2,932,658 $ 61,635,555 $ 3,353,934 Primary government: Inventory, at cost - 215,461 215,461 - Governmental activities: Receivables (net of allowances) General government$ 9,015,599 $ 48,010 $ 4,378,705 $ - Accounts 865,295 2,490,594 3,355,889 - Public safety 7,233,873 2,082,292 217,609 - Ad valorem taxes 10,800,752 - 10,800,752 3,990,002 Public works 15,730,534 326,750 1,110,790 13,049 Sales and use taxes 3,648,300 - 3,648,300 - Health and welfare 1,993,525 301,812 867,865 - Other 535,489 - 535,489 161,216 Economic development 1,387,557 - 598,924 19,852 Due from other governments 685,137 641,254 1,326,391 - Culture and recreation 1,490,948 294,480 979 26,973 Prepaid items 136,721 99,629 236,350 - Interest on long-term debt 2,725,866 - - - Deferred financing costs 555,139 58,129 613,268 Total Governmental Activities 39,577,902 3,053,344 7,174,872 59,874 Restricted assets 1,900,982 1,207,999 3,108,981 - Internal balances 1,227,583 (1,227,583) - - Business-type Activities: Capital assets not being depreciated 9,502,761 1,779,966 11,282,727 40,000 Solid Waste 3,430,960 3,755,669 - - Capital assets being depreciated Mosquito 750,620 522,250 - - (net of accumulated depreciation) 68,657,905 129,166,929 197,824,834 4,588,899 Utilities 8,122,006 6,726,104 - - Sewer 10,060,359 5,687,351 - - TOTAL ASSETS 157,218,961 137,365,036 294,583,997 12,134,051 Total Business-type Activities 22,363,945 16,691,374 - - LIABILITIES Total Primary Government$ 61,941,847 $ 19,744,718 $ 7,174,872 $ 59,874 Accounts, salaries, and other payables 3,831,794 1,431,700 5,263,494 38,513 Contracts payable 181,210 - 181,210 - Due to other governments 310,231 - 310,231 - Component Unit: Deposits due others - 1,331,543 1,331,543 - Library$ 3,068,740 $ 56,741 $ 79,406 $ - Other liabilities 18,964 172,222 191,186 162,189 Interest payable 726,679 9,661 736,340 - General Revenues: Noncurrent liabilities: Ad valorem Due within one year 6,133,702 250,000 6,383,702 - Sales taxes Due in more than one year 73,507,272 4,470,000 77,977,272 835,988 Franchise taxes Beer taxes TOTAL LIABILITIES 84,709,852 7,665,126 92,374,978 1,036,690 Severance taxes Video poker taxes NET POSITION Occupational licenses Invested in capital assets, net of related debt 27,267,310 126,226,895 153,494,205 4,628,899 State revenue sharing (unrestricted) Restricted for: Grants and contributions not restricted Special Revenue 31,833,388 - 31,833,388 - Investment earnings Debt service 12,869,280 420,000 13,289,280 - Other general revenues Endowment - - - 5,000 Transfers- Capital contributions Unrestricted 539,131 3,053,015 3,592,146 6,463,462 Transfers Total general revenues and transfers TOTAL NET POSITION$ 72,509,109 $ 129,699,910 $ 202,209,019 $ 11,097,361 Change in Net Assets

The accompanying notes are an integral part of this statement. Net assets-beginning of year Prior Period Adjustment Net assets-beginning of year, as restated

Net assets-end of year The accompanying notes are an integral part of this statement.

15 16 Net (Expense) Revenue and Changes in Net Assets Primary Government Component Unit Governmental Business-type Activities Activities Total Library

$ (4,588,884) $ - $ (4,588,884) $ - ST. JOHN THE BAPTIST PARISH COUNCIL (4,933,972) - (4,933,972) - LAPLACE, LOUISIANA (14,279,945) - (14,279,945) - BALANCE SHEET (823,848) - (823,848) - GOVERNMENTAL FUNDS (768,781) - (768,781) - December 31, 2012 (1,168,516) - (1,168,516) - 1992 General 2010 Sewer NON-MAJOR TOTAL (2,725,866) - (2,725,866) - Sales Tax Roads and Obligation Hurricane Construction GOVERNMENTAL GOVERNMENTAL (29,289,812) - (29,289,812) - General District Bridges Sinking Isaac Bond FUNDS FUNDS ASSETS Cash and cash equivalents$ 349,288 $ 8,362,926 $ 1,325,725 $ 5,275,308 $ - $ 13,780,401 $ 29,609,249 $ 58,702,897 Receivables (net of allowances for uncollectible) Accounts 98,941 - - - 3,492 - 762,862 865,295 - 324,709 324,709 - Ad valorem taxes 1,931,213 - - 4,747,464 - - 4,122,075 10,800,752 Sales and use taxes 30,249 1,539,126 623,679 - - - 1,455,246 3,648,300 - (228,370) (228,370) - Interest ------Other - - 403,126 - - - 132,363 535,489 - (1,395,902) (1,395,902) - Due from other funds 351,232 1,629,607 1,658,632 - - - 287,476 3,926,947 - (4,373,008) (4,373,008) - Due from other governments 69,333 - 436,629 - - - 179,175 685,137 Prepaid items 47,076 - 70,740 - - - 18,905 136,721 - (5,672,571) (5,672,571) - Restricted assets Cash - - - - 1,900,982 - - 1,900,982 $ (29,289,812) $ (5,672,571) $ (34,962,383) $ - TOTAL ASSETS $ 2,877,332 $ 11,531,659 $ 4,518,531 $ 10,022,772 $ 1,904,474 $ 13,780,401 $ 36,567,351 $ 81,202,520 LIABILITIES AND FUND BALANCES Liabilities: Accounts, salaries, and other payables$ 681,987 $ - $ 2,226,899 $ 350 $ - $ 4,351 $ 918,207 $ 3,831,794 $ - $ - $ - $ (2,932,593) Contracts payable ------181,210 181,210 Due to other funds 20,182 100,000 23,542 - 1,904,474 - 651,166 2,699,364 Due to other governments - - 75,039 - - - 235,192 310,231 Other liabilities ------18,964 18,964

$ 11,049,835 $ 187,637 $ 11,237,472 $ 4,049,577 Total Liabilities 702,169 100,000 2,325,480 350 1,904,474 4,351 2,004,739 7,041,563 20,642,215 - 20,642,215 - Fund balance: Nonspendable 47,076 - 70,740 - - - 18,905 136,721 1,037,061 - 1,037,061 - Restricted - 11,431,659 2,122,311 10,022,422 - - 21,126,276 44,702,668 Committed - - - - - 13,776,050 13,417,431 27,193,481 48,761 - 48,761 - Assigned ------Unassigned 2,128,087 ------2,128,087 65,772 - 65,772 - Total fund balances 2,175,163 11,431,659 2,193,051 10,022,422 - 13,776,050 34,562,612 74,160,957 592,508 - 592,508 - TOTAL LIABILITIES AND FUND BALANCES$ 2,877,332 $ 11,531,659 $ 4,518,531 $ 10,022,772 $ 1,904,474 $ 13,780,401 $ 36,567,351 $ 81,202,520 1,195,315 - 1,195,315 - 100,029 - 100,029 93,383 The accompanying notes are an integral part of this statement. 50,000 43,903 93,903 - 281,871 14,264 296,135 2,476 1,626,074 105,588 1,731,662 16,816 (5,745,748) 5,745,748 - - 18 (3,114,940) 3,114,940 - - 27,828,753 9,212,080 37,040,833 4,162,252

(1,461,059) 3,539,509 2,078,450 1,229,659

73,970,168 126,160,401 200,130,569 9,330,110 - - - 537,592 73,970,168 126,160,401 200,130,569 9,867,702

$ 72,509,109 $ 129,699,910 $ 202,209,019 $ 11,097,361

17 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION December 31, 2012

Amounts reported for governmental activities in the Statement of Net Assets are different because: ST. JOHN THE BAPTIST PARISH COUNCIL Fund Balances, Total Governmental Funds$ 74,160,957 LAPLACE, LOUISIANA STATEMENT OF REVENUES, EXPENDITURES, AND Capital assets used in governmental activities are not financial CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS resources and, therefore, are not reported in the governmental For the Year Ended December 31, 2012 funds. 78,160,666 General 2010 Sewer NonMajor Total Sales Tax Roads and Obligation Hurricane Construction Governmental Governmental Long-term liabilities, including bonds payable, are not due and General District Bridges Bonds Isaac Bond Funds Funds REVENUES payable in the current period and therefore, are not reported Taxes: Ad valorem$ 1,984,132 $ - $ - $ 4,893,872 $ - $ - $ 4,171,831 $ 11,049,835 in the governmental funds: Sales and use - 8,737,314 3,571,505 - - - 8,333,396 20,642,215 Accrued interest payable (726,679) Video poker ------592,508 592,508 Licenses and permits 1,657,504 ------1,657,504 Bonds payable (69,961,000) Intergovernmental revenues: Federal grants 315,692 - 463,705 - 4,132,146 - 1,454,404 6,365,947 Certificates of indebtedness payable (1,802,000) State funds: - Parish transportation funds - - 527,795 - - - - 527,795 Loan payable (198,931) State revenue sharing 62,810 - - - - - 37,219 100,029 Capital lease obligations (437,339) Other 114,533 - 810,250 - - - 595,495 1,520,278 Fees, charges, and commissions for services 111,800 - 190,451 - - - 1,169,772 1,472,023 Net OPEB obligation (6,682,207) Fines and forfeitures - - 54,688 - - - 2,082,292 2,136,980 Investment earnings 3,161 41,775 3,535 27,973 - 55,820 168,749 301,013 Deferred financing costs 555,139 Other revenues 69,781 - 125,069 - - - 416,554 611,404 Premiums and discounts (559,497) Total Revenues 4,319,413 8,779,089 5,746,998 4,921,845 4,132,146 55,820 19,022,220 46,977,531 EXPENDITURES Current: Net Assets of Governmental Activities$ 72,509,109 General government Legislative 527,805 ------527,805 Judicial 1,041,304 - - - - - 2,176,139 3,217,443 Executive 984,360 ------984,360 Elections 96,960 ------96,960 Finance and administration 315,620 675 - - - - 530,624 846,919 Civil service 67,920 ------67,920 Building and plant 2,018,693 ------2,018,693 Planning and zoning 667,765 - - - - - 1 667,766

(Continued)

20

The accompanying notes are an integral part of this statement. 19 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA (THIS PAGE IS INTENTIONALLY LEFT BLANK) STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES (CONTINUED) GOVERNMENTAL FUNDS For the Year Ended December 31, 2012

General 2010 Sewer OTHER TOTAL Sales Tax Roads and Obligation Hurricane Construction GOVERNMENTAL GOVERNMENTAL General District Bridges Bonds Isaac Bond FUNDS FUNDS

Public safety$ 703,852 $ - $ - $ - $ - $ - $ 5,638,536 $ 6,342,388 Public works - - - - - 256,595 2,369,592 2,626,187 Health and welfare 383,306 - - - - - 1,493,599 1,876,905 Economic development ------1,350,753 1,350,753 Transportation - - 12,254,051 - - - 1,213,964 13,468,015 Culture and recreation ------956,498 956,498 Debt service Principal 937,001 - - 2,630,000 - - 2,468,720 6,035,721 Interest 235,130 - - 1,848,627 - 725 832,916 2,917,398 Total Expenditures 7,979,716 675 12,254,051 4,478,627 - 257,320 19,031,342 44,001,731

Excess (Deficiency) of Revenues Over (Under) Expenditures (3,660,303) 8,778,414 (6,507,053) 443,218 4,132,146 (201,500) (9,122) 2,975,800

OTHER FINANCING SOURCES (USES) Proceeds of debt issued ------198,931 198,931 Transfers in 3,985,744 - 7,344,095 - - - 4,187,725 15,517,564 Transfers out (117,000) (9,980,023) (376,121) - (4,132,146) - (4,027,214) (18,632,504) Total Other Financing Sources (Uses) 3,868,744 (9,980,023) 6,967,974 - (4,132,146) - 359,442 (2,916,009)

Net Change in Fund Balances 208,441 (1,201,609) 460,921 443,218 - (201,500) 350,320 59,791

Fund balances -- beginning of year 1,966,722 12,633,268 1,732,130 9,579,204 - 13,977,550 34,212,292 74,101,166

Fund balances -- end of year$ 2,175,163 $ 11,431,659 $ 2,193,051 $ 10,022,422 $ - $ 13,776,050 $ 34,562,612 $ 74,160,957

The accompanying notes are an integral part of this statement.

21 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA STATEMENT OF FUND NET POSITION RECONCILIATION OF THE GOVERNMENTAL FUNDS PROPRIETARY FUNDS STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES December 31, 2012 IN FUND BALANCES TO THE STATEMENT OF ACTIVITIES BUSINESS-TYPE ACTIVITIES-ENTERPRISE FUNDS For the Year Ended December 31, 2012 Total Solid Mosquito Utilities Enterprise Waste Abatement System Sewerage Funds ASSETS Amounts reported for governmental activities in the Statement of Activities Current assets Cash and cash equivalents$ 846,992 $ 90,988 $ 1,155,531 $ 839,147 $ 2,932,658 are different because: Inventory - - 215,461 - 215,461 Receivables, net 100,796 199,363 2,015,791 174,644 2,490,594 Due from other funds 1,359,558 176,865 207,402 2,443,280 4,187,105 Net Change in Fund Balances, Total Governmental Funds$ 59,791 Due from other governments - - - 641,254 641,254 Prepaid items - - 49,196 50,433 99,629 Deferred financing costs - - 58,129 - 58,129 Governmental funds report capital outlays as expenditures. However, in the Total current assets 2,307,346 467,216 3,701,510 4,148,758 10,624,830 Statement of Activities the cost of those assets is allocated over their estimated Restricted assets useful lives and reported as depreciation expense: Cash and cash equivalents - - 1,207,999 - 1,207,999 Capital outlays, net 4,218,651 Total restricted assets - - 1,207,999 - 1,207,999 Depreciation expense (4,538,810) Noncurrent assets Capital assets, net - - 58,907,032 72,039,863 130,946,895 Total noncurrent assets - - 58,907,032 72,039,863 130,946,895 Transfers of completed capital projects to the business-type activities are shown on the Statement of Activities, but not on the fund financial statements. (5,745,748) Total assets$ 2,307,346 $ 467,216 $ 63,816,541 $ 76,188,621 $ 142,779,724

LIABILITIES The issuance of long-term debt (bonds, leases, etc.) provides current financial Current liabilities Accounts and salaries payable $ 305,357 $ 57,325 $ 542,744 $ 526,274 $ 1,431,700 resources to governmental funds, while the repayment of the principal of Due to other funds - - 3,720,156 1,694,532 5,414,688 long-term debt consumes the current financial resources of governmental Other liabilities - - 172,222 - 172,222 Current liabilities payable from funds. Neither transaction, however, has any effect on net assets. Also, restricted assets: governmental funds report the effect of issuance costs, premiums, discounts, Customer deposits - - 1,331,543 - 1,331,543 Bonds payable, current portion - - 250,000 - 250,000 and similar items when debt is issued, whereas these amounts are deferred Accrued interest payable - - 9,661 - 9,661 and amortized in the Statement of Activities: Total current liabilities 305,357 57,325 6,026,326 2,220,806 8,609,814

Proceeds from long-term debt issued (198,931) Noncurrent liabilities Principal payments on long-term debt 5,797,000 Bonds payable - - 4,470,000 - 4,470,000 Changes to premiums and discounts 58,872 Total noncurrent liabilities - - 4,470,000 - 4,470,000 Changes to deferred charges (69,523) Total liabilities 305,357 57,325 10,496,326 2,220,806 13,079,814

Capital lease payments 238,720 NET ASSETS Change in net post-employment benefit obligations (1,483,265) Invested in capital assets, net of related debt - - 54,187,032 72,039,863 126,226,895 Restricted: Decrease in accrued interest payable 202,184 Debt service - - 420,000 - 420,000 Unrestricted 2,001,989 409,891 (1,286,817) 1,927,952 3,053,015 Total net position 2,001,989 409,891 53,320,215 73,967,815 129,699,910

Change in Net Position of Governmental Activities$ (1,461,059) Total liabilities and net position$ 2,307,346 $ 467,216 $ 63,816,541 $ 76,188,621 $ 142,779,724

The accompanying notes are an integral part of this statement.

The accompanying notes are an integral part of this statement.

22 23 ST. JOHN THE BAPTIST PARISH COUNCIL STATEMENTS OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS PROPRIETARY FUNDS For the Year Ended December 31, 2012

BUSINESS-TYPE ACTIVITIES-ENTERPRISE FUNDS TOTAL Solid Mosquito Utilities ENTERPRISE Operating revenues Waste Abatement System Sewerage FUNDS Charges for Services: Water sales$ - $ - $ 6,470,962 $ - $ 6,470,962 ST. JOHN THE BAPTIST PARISH COUNCIL Sewer charges - - - 4,652,350 4,652,350 LAPLACE, LOUISIANA Mosquito abatement - 522,250 - - 522,250 STATEMENT OF CASH FLOWS Fees, charges, and commissions 3,755,669 - 255,142 1,035,001 5,045,812 PROPRIETARY FUNDS Other income 773 - 84,482 20,333 105,588 For the Year Ended December 31, 2012

Total revenues 3,756,442 522,250 6,810,586 5,707,684 16,796,962 Total Solid Mosquito Utilities Enterprise Waste Abatement System Sewerage Funds Operating expenses Cash Flows From Operating Activities: General administration - 60 1,037,120 1,884,260 2,921,440 Receipts from customers and users$ 3,805,182 $ 511,619 $ 6,730,204 $ 5,843,106 $ 16,890,111 Other receipts 773 - 84,482 20,333 105,588 Purification - - 1,438,003 - 1,438,003 Payments to suppliers (154,927) (749,660) (2,715,043) (5,140,070) (8,759,700) Distribution - - 196,040 - 196,040 Payments to employees (3,240,126) - (3,049,972) (2,074,394) (8,364,492) Receipts from interfund services provides 64,618 42,649 (100,542) (345,567) (338,842) Salaries, operations - - 3,054,682 2,088,766 5,143,448 Payments for interfund services used - - (117,232) 14,875 (102,357) Plant - - - 3,243,703 3,243,703 Net Cash Provided by (Used in) Operating Activities 475,520 (195,392) 831,897 (1,681,717) (569,692)

Vehicles - - - 122,034 122,034 Cash Flows From NonCapital Financing Activities: Indirect costs 190,834 - - - 190,834 Transfers to other funds - (15,000) (369,636) (474,636) (859,272) Advances from other funds - 100,000 1,425,765 2,448,447 3,974,212 Contract services 3,240,126 750,560 - - 3,990,686 Ad valorem taxes - 187,637 - - 187,637 Depreciation - - 2,200,558 2,721,517 4,922,075 Subsidy from federal grants - - 15,000 28,904 43,904 Net Cash Provided by Noncapital Financing Activities - 272,637 1,071,129 2,002,715 3,346,481 Total operating expenses 3,430,960 750,620 7,926,403 10,060,280 22,168,263 Cash Flows From Capital and Related Financing Activities: Operating income (loss) 325,482 (228,370) (1,115,817) (4,352,596) (5,371,301) Bond issuance costs - - 29,613 - 29,613 Purchases of capital assets - - (879,804) (311,634) (1,191,438) Principal paid on capital debt - - (1,027,251) - (1,027,251) Nonoperating income (expense) Interest paid on capital debt - - (320,221) (79) (320,300) Ad valorem tax - 187,637 - - 187,637 Net Cash Used in Capital and Related Financing Activities - - (2,197,663) (311,713) (2,509,376)

Grant revenue - - 15,000 28,903 43,903 Cash Flows From Investing Activities: Hurricane cleanup expenses - - - - - Interest and dividends received 2,622 415 9,385 1,842 14,264 Interest income 2,622 415 9,385 1,842 14,264 Net Cash Provided by Investing Activities 2,622 415 9,385 1,842 14,264 Interest expense - - (195,603) (79) (195,682) Net Increase (Decrease) in Cash and Cash Equivalents 478,142 77,660 (285,252) 11,127 281,677

Net nonoperating income (expense) 2,622 188,052 (171,218) 30,666 50,122 Cash and Cash Equivalents, Beginning of Year 368,850 13,328 2,648,782 828,020 3,858,980 Cash and Cash Equivalents, End of Year$ 846,992 $ 90,988 $ 2,363,530 $ 839,147 $ 4,140,657

Income (loss) before contributions (Continued) and transfers 328,104 (40,318) (1,287,035) (4,321,930) (5,321,179)

Other Financing Sources (Uses) Capital contributions - - 5,745,748 - 5,745,748 Transfers in - 100,000 1,425,765 2,448,447 3,974,212 Transfers out - (15,000) (369,636) (474,636) (859,272) 25

Change in net assets 328,104 44,682 5,514,842 (2,348,119) 3,539,509

Net assets - beginning of year 1,673,885 365,209 47,805,373 76,315,934 126,160,401

Net assets - end of year$ 2,001,989 $ 409,891 $ 53,320,215 $ 73,967,815 $ 129,699,910

The accompanying notes are an integral part of this statement.

24 ST. JOHN THE BAPTIST PARISH COUNCIL (THIS PAGE IS INTENTIONALLY LEFT BLANK) LAPLACE, LOUISIANA STATEMENT OF CASH FLOWS PROPRIETARY FUNDS (CONTINUED) For the Year Ended December 31, 2012

Total Solid Mosquito Utilities Enterprise Waste Abatement System Sewerage Funds

Reconciliation to Statement of Net Assets: Cash and cash equivalents$ 846,992 $ 90,988 $ 1,155,531 $ 839,147 $ 2,932,658 Restricted assets - cash and cash equivalents - - 1,207,999 - 1,207,999

Cash and Cash Equivalents, End of Year$ 846,992 $ 90,988 $ 2,363,530 $ 839,147 $ 4,140,657

Reconciliation of Operating Income to Net Cash Provided (Used) by Operating Activities: Operating income (loss)$ 325,482 $ (228,370) $ (1,115,817) $ (4,352,596) $ (5,371,301) Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: Depreciation expense - - 2,200,558 2,721,517 4,922,075 (Increase) decrease in accounts receivable 49,513 (10,631) 4,100 52,789 95,771 (Increase) decrease in intergovernmental receivables - - - 102,966 102,966 (Increase) decrease in due from other funds 64,618 42,649 (100,542) (345,567) (338,842) (Increase) decrease in inventories - - 1,780 - 1,780 (Increase) decrease in prepaid items - - (3,188) (1,722) (4,910) Increase (decrease) in customer deposits - - (18,792) - (18,792) Increase (decrease) in accounts payable 35,907 960 1,242 126,021 164,130 Increase (decrease) in other liabilities - - (20,212) - (20,212) Increase (decrease) in due to other funds - - (117,232) 14,875 (102,357) Total Adjustments 150,038 32,978 1,947,714 2,670,879 4,801,609

Net Cash Provided (Used) by Operating Activities$ 475,520 $ (195,392) $ 831,897 $ (1,681,717) $ (569,692)

Noncash Investing, Capital, and Financing Activities

Contributions of capital assets$ - $ - $ 5,745,748 $ - $ 5,745,748

The accompanying notes are an integral part of this statement.

26 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (CONTINUED) NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICES In addition, a component unit can be another organization for which the nature and The financial statements of the Parish of St. John the Baptist have been prepared in conformity significance of its relationship with a primary government is such that exclusion would with generally accepted accounting principles (GAAP) as applied to governmental units. The cause the reporting entity’s financial statements to be misleading or incomplete. Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The more significant The component units discussed below are included in the Council’s basic financial of the Parish’s accounting policies are described below. statements either as blended component units or as discretely presented component units because of the significance of its operational or financial relationship with the Council. A. REPORTING ENTITY a. Blended Component Unit The St. John the Baptist Parish Council (the “Council”) is the governing authority for the Parish of St. John the Baptist, a political subdivision of the State of Louisiana as authorized Criminal Court Fund: The Criminal Court Fund accounts for a portion of the annual by the State Constitution. The Council consists of nine members, two of whom are elected cost of the courts. The annual revenues are derived from fines, forfeitures, court fees, from two divisions of the Parish consisting of 50% of the Parish’s population and seven etc. The Criminal Court Fund is a legally separate entity from the Council. However, members elected to represent each of the seven districts. The Parish President, elected by the Criminal Court Fund provides services entirely, or almost entirely, to the Council. the voters of the Parish, is the chief executive officer of the Parish and is responsible for Because the nature and significance of the relationship between the Council and the carrying out the policies adopted by the Council and for the administration of all Parish Criminal Court Fund is such that exclusion would cause the Council’s financial departments, offices, agencies and special districts. statements to be misleading or incomplete, this entity is reported as if it were part of the Parish’s operations. Louisiana Revised Statutes, at LSA-R.S. 33:1236, give the Council various powers in regulating and directing the affairs of the Parish and its inhabitants. The more notable of b. Discretely Presented Component Unit these are the power to make regulations for its own government; to regulate the construction and maintenance of roads, bridges, and its drainage system; to regulate the sale of alcoholic Library: St. John the Baptist Parish Library was established by the Parish governing beverages; and to provide for the health and welfare of the poor, disadvantaged, and authority under the provisions of the Louisiana Revised Statute (LSA-R.S.) 25:211. The unemployed in the Parish. Funding to accomplish these tasks is provided by ad valorem library provides citizens of the parish access to library materials, books, magazines, taxes, sales taxes, beer and alcoholic beverage permits, state revenue sharing, and various records and films. The library is governed by a board of control that is appointed by the state and federal grants. Council. The Library is considered to be fiscally dependent on the Council because it cannot levy taxes or issue bonded debt without approval by the Parish Council. St. John St. John the Baptist Parish occupies 219 square miles with a population of approximately the Baptist Parish Library issues separate financial statements and has a year end of 45,924. Council offices are located in the Parish office building at 1801 West Airline December 31. Complete financial statements may be obtained directly from the Highway, LaPlace. administrative office of St. John the Baptist Parish Library, 1334 West Airline Highway, LaPlace, Louisiana 70068. As the governing authority of the Parish, for financial reporting purposes, the St. John the Baptist Parish Council is the reporting entity for St. John the Baptist Parish. Generally accepted accounting principles require the financial statements of the reporting entity to present the primary government (the Council) and its component units. Component units are defined as legally separate organizations for which the elected officials of the primary government (the Council) are financially accountable. The criteria used in determining whether financial accountability exists include the appointment of a voting majority of an organization’s governing board, the ability of the primary government to impose its will on that organization or whether there is a potential for the organization to provide specific financial benefits or burdens to the primary government. Fiscal dependency may also play a part in determining financial accountability.

27 28 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

B. GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized The government-wide financial statements (i.e. the Statement of Net Assets and the as soon as they are both measurable and available. Revenues are considered to be available Statement of Changes in Net Assets) report information on all of the activities of the when they are collectible within the current period or soon enough thereafter to pay primary government and its component units. For the most part, the effect of interfund liabilities of the current period. For this purpose, the Parish considers revenues to be activity has been removed from these statements. Governmental activities, which normally available if they are collected within 60 days of the end of the current fiscal period. are supported by taxes and intergovernmental revenues, are reported separately from Expenditures generally are recorded when a liability is incurred, as under accrual business-type activities, which rely to a significant extent on fees and charges for support. accounting. However, debt service expenditures, as well as expenditures related to Likewise, the primary government is reported separately from certain legally separate compensated absences and claims and judgments are recorded only when payment is due. component units for which the primary government is financially accountable. Those revenues considered susceptible to accrual include sales and use tax revenues, federal The Statement of Activities demonstrates the degree to which the direct expenses of a given and state grants and certain franchise fees. Sales taxes are recognized when collected by function or segment is offset by program revenues. Direct expenses are those that are vendors. Interest on time deposits is recorded when earned. Substantially all other revenues clearly identifiable with a specific function or segment. Program revenues include charges are recorded when received. to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and grants and contributions that are Transfers between funds which are not expected to be repaid are accounted for as other restricted to meeting the operational or capital requirements of a particular function or financing sources (uses) and are recorded at the time of transfer. Bank loans are recognized segment. Taxes and other items not properly included among program revenues are when the loan is authorized. Indirect cost reimbursements are the amounts the General Fund reported instead as general revenues. charges to several other funds based on the level of services provided to these funds by the General Fund. Separate financial statements are provided for governmental funds and proprietary funds. Major individual governmental funds and major individual enterprise funds are reported as The Parish reports deferred revenue on its nonmajor governmental funds’ combining separate columns in the fund financial statements. balance sheet. Deferred revenues arise when potential revenue does not meet both the measurable and available criteria for recognition in the current period. Deferred revenues C. MEASUREMENT FOCUS, BASIS OF ACCOUNTING AND FINANCIAL also arise when resources are received by the Parish before it has a legal claim to them, as STATEMENT PRESENTATION when grant moneys are received prior to the incurrence of qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met, or when the Parish has a The government-wide financial statements are reported using the economic measurement legal claim to the resources, the liability for deferred revenue is removed from the focus and the accrual basis of accounting, as are the proprietary fund financial statements. governmental fund balance sheet and revenue is recognized. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of timing of related cash flows. Property taxes are recognized as revenues in the The Parish reports the following major governmental funds: year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. The General Fund is the Parish’s primary operating fund. It accounts for all financial resources and expenditures of the general government, except those required to be accounted for in another fund.

29 30 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

The Sales Tax District Fund accounts for the revenues derived from the 1% sales tax passed Amounts reported as program revenues include charges to customers or applicants for by the residents of St. John Parish for capital sewer improvements. The revenue is used to goods, services, or privileges provided, operating grants and contributions, and capital grants repay the annual principal and interest payments for sewer improvement bonds. and contributions. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes. The Roads and Bridges Fund accounts for revenues generated from a 3/8% sales tax and some state-generated revenues, such as Parish Transportation and Department of Public Proprietary funds distinguish operating revenues and expenses from nonoperating items. Safety fees. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The Hurricane Isaac Fund accounts for grant revenues received for disaster recovery efforts The principal operating revenues of the Utilities System, Sewerage, Solid Waste and related to Hurricane Isaac. Mosquito Abatement Funds are charges to customers for services. Operating expenses for the enterprise funds include the cost of services, administrative expenses, and depreciation The 1992 General Obligation Sinking Fund accounts for the payment of principal and on capital assets. All revenues and expenses not meeting this definition are reported as interest on the general obligation debt of the Parish. The general obligation debt is secured nonoperating revenues and expenses. by property tax levies. When both restricted and unrestricted resources are available for use, it is the Parish’s policy The 2010 Sewer Bond Construction Fund was created by a 2010 bond issuance to fund to use restricted resources first, then unrestricted resources as they are needed. sewerage capital improvements throughout the Parish. D. BUDGETARY ACCOUNTING The Parish reports the following major proprietary funds: Formal budgetary accounting is employed as a management control device and budgets are The Solid Waste Fund accounts for the annual cost to provide solid waste collection services legally adopted for the General Fund, Special Revenue and Enterprise Funds. Budgets for to the residents of St. John Parish. Annual revenues are generated by a user charge on the the General and Special Revenue Funds are adopted on the modified accrual basis of monthly utility bill. accounting. Enterprise Fund budgets are adopted on the accrual basis of accounting. Budgetary data for the Capital Project funds are not presented since these funds are The Mosquito Abatement Fund accounts for the annual cost to provide mosquito services to budgeted over the life of the respective project and not on an annual basis. Other funds are the residents of St. John Parish. Annual revenue is generated by a $2.50 service charge on administratively budgeted for management use only. the monthly utility bill and a .48 mill Ad Valorem Tax. The level of budgetary control is at the fund/department level and expenditures may not The Utilities System Fund accounts for the annual operations of the water services supplied exceed budgeted appropriations. Appropriations which are not expended lapse at year end. to the residents of St. John Parish. Revenue is generated from user fees for services provided. There is also a $.25 user fee charged on the utility bill to assist in the funding of Once a budget is approved by the Parish Council, management is authorized to transfer animal control. In addition, other revenues are generated from the operations of this amounts between line items within a department. However, management cannot transfer department, such as animal fees, grass cutting, etc. appropriations between departments without the approval of the Parish Council. If it becomes evident that receipts or disbursements will vary substantially from those The Sewerage Fund accounts for the annual operation of the Wastewater Department. budgeted, then the Council shall prepare and adopt an amended budget. During the year, Revenue is generated from water consumption user charges on the utility bill along with several discretionary amendments were necessary. Generally, such discretionary charges for permits. The expenditures are the cost for the annual operations of the amendments were of an insignificant nature. wastewater plants along with other costs associated with operations of this department. This department is currently being subsidized with a transfer from the Sales Tax District to meet Additional details on the budgetary process may be found at Note 2. its annual operating responsibilities.

31 32 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

E. ENCUMBRANCES Cash and cash equivalents are stated at cost, which approximates market. State Law R.S. 39:1225 provides that the amount of the pledged securities shall at all times be equal to Encumbrance accounting, under which purchase orders, contracts, and other commitments 100% of the amount on deposit to the credit of each depositing authority, except that portion for the expenditure of monies are recorded in order to reserve that portion of the applicable of the deposits insured by any governmental agency insuring bank deposits, which is appropriation, is employed as an extension of formal budgetary accounting in the General organized under the laws of the United States. Fund, Special Revenue Funds, and Capital Project Funds. Encumbrances lapse at year-end, however, it is the Parish’s intention to honor these encumbrances under authority provided G. SHORT-TERM INTERFUND RECEIVABLES/PAYABLES in the subsequent year’s budget. During the course of operations, numerous transactions occur between individual funds for F. CASH AND CASH EQUIVALENTS AND INVESTMENTS goods provided or services rendered. These receivables and payables are classified as “due from other funds” or “due to other funds” on the balance sheet. Short-term interfund loans Cash includes cash on hand, demand deposits, interest-bearing demand deposits, and money are classified as interfund receivables/payables. Interfund receivables and payables between market accounts. Cash equivalents include amounts in time deposits and those investments funds within governmental activities are eliminated in the Statement of Net Assets. Any with original maturities of 90 days or less. For purposes of the Statement of Cash Flows, the residual balances outstanding between the governmental activities and business-type Enterprise Funds consider these same items to be cash. activities are reported in the government-wide financial statements as “internal balances”.

Louisiana Revised Statutes, at LSA-R.S. 33:2955, authorize the Council to invest in (1) H. ADVANCES TO OTHER FUNDS direct obligations of the United States Treasury, the principal and interest of which are fully guaranteed by the federal government; (2) bonds, debentures, notes, or other evidence of Advances between funds, as reported in the fund financial statements, are offset by a fund indebtedness issued or guaranteed by federal agencies or U.S. Government balance reserve account in applicable governmental funds to indicate they are not available instrumentalities; (3) direct security repurchase agreements of any federal book-entry-only for appropriation and are not expendable available financial resources. securities; (4) time certificates of deposit of state banks organized under the laws of Louisiana and national banks having their principal offices in the State of Louisiana, savings I. INVENTORIES accounts or shares of savings and loan associations; (5) in mutual or trust fund institutions which are registered with the Securities and Exchange Commission under the Securities Act The cost of materials and supplies acquired by the governmental funds are recorded as of 1933 and the Investment Act of 1940, and which have underlying investments consisting expenditures at the time of consumption. Proprietary fund type inventories are stated at the solely of and limited to securities of the U.S. Government or its agencies; or (6) guaranteed lower of cost or market, determined by the first-in, first-out method. investment contracts issued by a bank, financial institution, insurance company, or other entity having one of the two highest short-term rating categories of either Standard & Poor’s J. PREPAID ITEMS Corporation or Moody’s Investors Service, provided that no such investment may be made except in connection with a financing program approved by the State Bond Commission. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items, using the consumption method, in both government-wide and In addition, local governments in Louisiana are authorized to invest in the Louisiana fund financial statements. Asset Management Pool, Inc. (LAMP), a non-profit corporation organized under the laws of the State of Louisiana. K. RESTRICTED ASSETS

Certain proceeds of enterprise fund revenue bonds, as well as certain resources set aside for their repayment, are classified as restricted assets on the Statement of Net Assets because their use is limited by the governing bond covenants. Additionally, customer deposits held by the Utilities System Enterprise Fund are restricted for use in paying outstanding bills when customers discontinue service.

33 34 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

L. CAPITAL ASSETS M. COMPENSATED ABSENCES

Capital assets, which include land, buildings and building improvements, vehicles, The Council has the following policies relating to vacation and sick leave: furniture fixtures and equipment, and infrastructure assets (streets, roads, canals, water and sewer systems and drainage systems), are reported in the applicable governmental or Employees earn from 5 to 30 days of vacation leave each year, depending on their length of business-type activities columns in the government-wide financial statements. Capital service. Vacation leave must be taken in the year earned and cannot be accumulated. Also, assets are defined by the Parish as assets with an initial, individual cost of more than employees earn 6 to 18 days of sick leave per year which can be accumulated and is paid $5,000. Such assets are recorded at historical cost or estimated historical cost if only upon retirement. Upon retirement, all employees are paid for the total unused sick days purchased or constructed. Donated capital assets are recorded at estimated fair market at the regular hourly rate up to a maximum of 90 days. All accumulated unused and unpaid value at the date of donation. Major additions are capitalized as projects are constructed. sick leave days in excess of 90 days are forwarded to the retirement system for conversion Interest incurred during the construction phase of capital assets of business-type activities upon application for normal retirement. is included as part of the capitalized value of the assets constructed. All sick leave is accrued when incurred in the government-wide and proprietary fund In the fund financial statements, capital assets used in governmental fund operations are financial statements. A liability for these amounts is reported in governmental funds only if accounted for as capital outlay expenditures of the governmental fund upon acquisition. they have matured, for example, as a result of employee resignations and retirements. Capital assets used in proprietary fund operations are accounted for the same as in the government-wide financial statements. The accumulation of sick leave is nominal at December 31, 2012. Therefore, a liability for compensated absences due to employees has not been included in the basic financial The costs of normal maintenance and repairs that do not add to the value of the assets or statements. The current portion of the compensated absences is liquidated through the materially extend assets lives are not capitalized. General Fund, Public Safety, Airport, Recreation, Roads and Bridges, Utilities and Wastewater. Depreciation on all capital assets, excluding land and construction in progress, is calculated on the straight-line method over the following estimated useful lives: N. LONG-TERM OBLIGATIONS

Asset Description Asset Life In the government-wide financial statements, and proprietary fund types in the fund financial statements, long-term debt and other long term obligations are reported as Buildings and Building Improvements 40 liabilities in the applicable governmental activities, business-type activities, or proprietary Street System 20 to 40 fund type statement of net assets. Bond premiums and discounts, as well as issuance costs, Drainage System 25 are deferred and amortized over the life of the bonds using the effective interest method. Office Equipment 5 to 12 Machinery and Equipment 10 Bonds payable are reported net of the applicable bond premium or discount. Bond issuance Vehicles 5 costs are reported as deferred charges and amortized over the term of the related debt. Systems - Water and Sewer 10 to 50 In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuance are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

35 36 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

O. NET ASSETS 2. Restricted – This component consists of amounts that have constraints placed on them either externally by third-parties (creditors, grantors, contributors, or laws or In the government-wide financial statements, equity is classified as net assets and displayed regulations of other governments) or by law through constitutional provisions or in three components: enabling legislation. Enabling legislation authorizes the Parish to assess, levy, charge or otherwise mandate payment of resources (from external resource providers) and a. Invested in capital assets, net of related debt - consists of capital assets including includes a legally enforceable requirement (compelled by external parties) that those restricted capital assets, net of accumulated depreciation and reduced by the resources be used only for the specific purposes stipulated in the legislation. outstanding balances of any bonds, mortgages, notes, or other borrowings that are attributable to the acquisition, construction , or improvement of those assets. 3. Committed - This component consists of amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the Parish’s highest b. Restricted net assets - consists of net assets with constraints placed on the use either level of decision making authority which includes an ordinance of the Parish Council. by external groups such as creditors, grantors, contributors, or laws or regulations of Those committed amounts cannot be used for any other purpose unless the Parish other governments, or law through constitutional provisions or enabling legislation. Council removes or changes the specified use by taking the same type of action ordinance it employed previously to commit those amounts. c. Unrestricted net assets - all other net assets that do not meet the definition of “restricted” or “invested in capital assets, net of related debt”. 4. Assigned - This component consists of amounts that are constrained by the Parish Council’s intent to be used for specific purposes, but are neither restricted nor In the fund financial statements, governmental funds report reservations of fund balance committed. The authority for assigning fund balance is expressed by the Parish for amounts that are not available for appropriation or are legally restricted by outside Council, Parish President, or their designee as established in the Parish's Fund parties for use for a special purpose. Designations of fund balance represent tentative Balance Policy. management plans that are subject to change. 5. Unassigned – This classification represents amounts that have not been restricted, P. FUND BALANCE committed or assigned to specific purposes within the general fund.

On January 1, 2011, the Parish adopted GASB No. 54, Fund Balance Reporting and When both restricted and unrestricted resources are available for use, it is the Parish Governmental Fund Type Definitions, which significantly changed the reporting of fund Council’s policy to use restricted resources first, then unrestricted resources (committed, balance in the balance sheets of governmental type funds. In the fund financial assigned and unassigned) as they are needed. When unrestricted resources (committed, statements, fund balance for governmental funds is reported in classifications that assigned and unassigned) are available for use it is the Parish Council’s policy to use comprise a hierarchy based primarily on the extent to which the Parish is bound to honor committed resources first, then assigned, and then unassigned as they are needed. constraints on the specific purpose for which amounts in the funds can be spent. Fund balance is reported in five components – nonspendable, restricted, committed, assigned Q. BOND ISSUANCE COSTS and unassigned. Bond issuance expense and bond discounts incurred as a result of the issuance of revenue 1. Nonspendable - This component includes amounts that cannot be spent because they bonds are amortized in proportion to the debt service on the revenue bonds. Bond issuance are either not in spendable form or legally or contractually required to be maintained costs are capitalized and amortized over the lives of the underlying bond issues at a rate intact. corresponding to the percentage of current year debt service to total debt service. At December 31, 2012, the Parish had $555,139 of unamortized bond issuance costs. Amortization expense for the year ended December 31, 2012 was $69,523.

37 38 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

R. INTERFUND TRANSACTIONS The Parish has implemented GASB Statement No. 63 in preparation of the Parish’s financial statements for the year ended December 31, 2012. Interfund services provided and used are accounted for as revenues, expenditures, or expenses. Transactions that constitute reimbursements to a fund for expenditures/expenses The following Statements of the Governmental Accounting Standards Board will be effective for initially made from it that are properly applicable to another fund are recorded as the Parish’s 2014 and 2015 fiscal years: expenditures/expenses in the reimbursing fund and as reductions of expenditures/expenses in the fund that is reimbursed. 1. Statement No. 67 – Financial Reporting for Pension Plans (2014). 2. Statement No. 68 – Accounting and Financial Reporting for Pensions (2015). All other interfund transactions, except interfund services provided and used and reimbursements, are reported as transfers. The Parish is currently evaluating the effects that these Statements will have in its financial statements for the years ended December 31, 2014 and 2015. For the purposes of the Statement of Activities, all interfund transfers between individual governmental funds have been eliminated. NOTE 2 - STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY

S. SALES TAXES Budget

The St. John the Baptist Parish School Board, a separate entity, collects four and three- The procedures used by the Parish in establishing the budgetary data reflected in the financial fourths percent (4.75%) in sales and use tax. The sales and use tax is collected by an statements are as follows: independent contractor, who is contracted through the School Board and serves as the sales tax department. Two and one-quarter percent (2.25%) of the taxes collected are (1) At least sixty (60) days before the beginning of the fiscal year, the President submits a line remitted to the Parish Council. One-quarter percent (.25%) of the taxes collected are item operating budget and a capital budget in accordance with accepted accounting remitted to the Sheriff’s Department. The School Board’s costs of collecting the funds are procedure in a format established by the Parish Council. The budget submitted shall be shared proportionally by the Parish Council, Sheriff’s Department and the School Board. balanced. The President submits with the budget a message containing recommendations Sales and use tax revenues recognized in 2012 totaled $20,642,215. concerning the fiscal policy of the Parish, a description of the important features of the budget, and an explanation of all major increases or decreases in budget recommendations T. ACCOUNTING ESTIMATES as compared with expenditures of the prior year.

The preparation of financial statements in conformity with accounting principles generally (2) The Parish Council publishes the proposed budget in the official journal two (2) weeks accepted in the United States of America requires management to make certain estimates before the meeting at which the budget is to be adopted. The budget as adopted constitutes and assumptions. Those estimates affect the reported amounts of assets and liabilities and an appropriation of funds for all purposes contained therein. A budget ordinance becomes disclosure of assets and liabilities at the date of the financial statements. They may also effective the first day of the fiscal year, unless otherwise provided therein. affect the reported amounts of revenues and expenses of proprietary funds and the government-wide financial statements during the reporting period. Actual results could (3) The Parish Council may amend the budgets before adoption except that no items for debt differ from these estimates. service may be reduced below the amount certified by the President as necessary. In no event should the Parish Council cause the total expenditures to exceed anticipated revenue. U. ACCOUNTING PRONOUNCEMENTS If the Parish Council fails to act on either budget within the time limit provided, it shall be adopted as submitted by the President. The following Statement of the Governmental Accounting Standards Board is effective for the Parish’s 2012 fiscal year. (4) The Parish President is authorized to transfer budgeted amounts between departments; however, any revisions that alter the total expenditures/revenues of a fund must be approved 1. Statement No. 63 – Financial Reporting of Deferred Outflows of Resources, by the Parish Council. Deferred Inflows of Resources, and Net Position.

39 40 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 2 - STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY (CONTINUED) NOTE 4 - CASH, CASH EQUIVALENTS AND INVESTMENTS Deficit Fund Balances /Net Assets At December 31, 2012, the Parish had cash and cash equivalents as follows: The following fund had a deficit in fund balance at December 31, 2012: Bank accounts per Statement of Net Position $ 64,744,536 Special Revenue Fund Of the total cash and cash equivalents, shown above, $64,74,536 is unrestricted and CDBG Fund $ (5,030) $3,108,981 is restricted. Restricted cash is included with restricted assets on the combined Statement of Net Position. In the proprietary funds, restricted cash equals $1,207,999 and unrestricted cash equals $2,932,658 for total cash of $4,140,657, which is presented as total The deficit fund balance in the above fund is primarily the result of accounts and contracts cash and cash equivalents in the Statement of Net Position. payable accrued at December 31, 2012. The deficit in the CDBG Fund will be resolved when contracts are completed and receivables are collected. Under State law, the bank balances of these deposits must be secured by federal deposit insurance or the pledge of securities owned by the fiscal agent bank. The fair value of the NOTE 3 - AD VALOREM TAX pledged securities plus the federal deposit insurance must at all times equal or exceed the amount on deposit with the fiscal agent. Ad valorem tax on real property is levied as of November 15th of each year. The tax becomes an enforceable lien on the property on the first day of the month following the filing of the tax rolls At year-end, the bank balance deposits totaled $65,179,089. by the Assessor with the Louisiana Tax Commission (usually December 1st). The tax bills are mailed by the Sheriff’s Office in early December and are due upon receipt. The taxes become The bank balance is categorized as follows: st delinquent on January 1 in the year after levy. The property taxes are levied on property values Amount insured by the FDIC, or collateralized with determined by the St. John the Baptist Parish Assessor’s Office. securities held by the Parish’s agent in the Parish’s name. $ 65,179,089

The following is a summary of authorized and levied ad valorem taxes for 2012: Custodial Credit Risk

Authorized Levied Expiration Investments can be exposed to custodial credit risk if the securities underlying the investment Parishwide Taxes Millage Millage Date are uninsured, not registered in the name of the entity, and are either held by the counterparty Parishwide 4.09 4.09 Permanent or the counterparty’s trust department or agent but not in the entity’s name. Courthouse and Jail 1.00 1.00 12/31/15 Library 9.94 9.94 12/31/17 The Parish does not have an investment policy for custodial credit risk. However, the Parish Council on Aging 0.99 0.99 12/31/23 does not maintain any investments and is, therefore not exposed to custodial credit risk. Road Lighting District No.1 3.83 3.83 12/31/17 Mosquito Abatement District 0.48 0.48 12/31/18 Credit Risk of Debt Investments Juvenile Detention Center 1.00 1.00 12/31/29 Health Unit 0.96 0.96 12/31/17 The Parish does not maintain any debt investments and is, therefore, not exposed to credit Public Buildings ARC Maintenance 0.97 0.97 12/31/22 risk of debt investments. Animal Control Facilities 0.75 0.75 04/21/21 General Obligation Bonds 12.50 12.50 03/01/24 Concentration of Credit Risk Recreation Facilities 2.25 2.25 04/21/21 The Parish does not maintain any investments and is, therefore, not exposed to concentration of credit risk.

Interest Rate Risk

The Parish does not maintain any investments and is, therefore, not exposed to interest rate risk.

41 42 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012

NOTE 5 - RECEIVABLES (CONTINUED)

An allowance for estimated uncollectible receivables is established based on historical collection experience and other relevant circumstances. The allowance for estimated uncollectible receivables at December 31, 2012, consists of the following:

ST. JOHN THE BAPTIST PARISH COUNCIL General Fund $ 59,692 LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) Non major Funds: December 31, 2012 Ambulance Fund 253 NOTE 5 - RECEIVABLES Street Lights 44,580 Recreation 26,387 Receivables at December 31, 2012 for the Parish’s individual major funds and nonmajor funds, including the applicable allowances for uncollectible accounts, are as follows: Total Nonmajor 71,220

Debt Service Fund: General Sales Tax Roads and 1992 G.O. Hurricane. Solid Mosquito Utilities Nonmajor Fund District Bridges Sinking Isaac Waste Abatement System Sewerage Funds Total General Obligation Bond Series 1992 146,592 Taxes: Ad Valorem $ 1,990,905 $ - $ - $ 4,894,056 $ - $ - $ 187,816 $ - $ - $ 4,193,042 $ 11,265,819 Sales & Use 30,249 1,539,126 623,679 ------1,455,246 3,648,300 Enterprise Funds:

Intergovernmental: Solid Waste 3,819 Federal 115 - 252,417 - - - - - 632,041 3,527 888,100 Mosquito Abatement 5,140 State 69,218 - 184,212 - - - - - 9,213 175,648 438,291 Utilities System 1,826,440 Accounts Receivable 98,941 - - - 3,492 104,615 16,687 3,842,231 174,644 763,115 5,003,725

Other Total allowance for uncollectible accounts $ 2,112,903 Receivables - - 403,126 ------132,363 535,489

Gross Receivables 2,189,428 1,539,126 1,463,434 4,894,056 3,492 104,615 204,503 3,842,231 815,898 6,722,941 21,779,724 Upon further analysis of the Utilities System accounts receivable at December 31, 2012, an Less: Allowance allowance was established for all inactive account balances. An allowance for estimated For Estimated Uncollectable (59,692) - - (146,592) - (3,819) (5,140) (1,826,440) - (71,220) (2,112,903) uncollectible receivables on the remaining active account balances is based on historical collection experience. Net Receivables $ 2,129,736 $ 1,539,126 $ 1,463,434 $ 4,747,464 $ 3,492 $ 100,796 $ 199,363 $ 2,015,791 $ 815,898 $ 6,651,721 $ 19,666,821

43

44 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 6 - CAPITAL ASSETS NOTE 6 - CAPITAL ASSETS (CONTINUED)

Capital asset activity for the year ended December 31, 2012 was as follows: January 1, December 31, 2012 Additions Reductions 2012 Business-Type Activities January 1, December 31, Capital assets not being 2012 Additions Reductions 2012 depreciated: Governmental Activities Land $ 1,678,616 $ - $ - $ 1,678,616 Capital assets not being Construction-in-progress 101,350 43,850 (145,200) - depreciated: Land $ 3,491,099 $ 151,884 $ - $ 3,642,983 Total capital assets not Construction-in-progress 17,568,780 3,633,505 (15,342,507) 5,859,778 being depreciated 1,779,966 43,850 (145,200) 1,678,616 Total capital assets not Capital assets being being depreciated 21,059,879 3,785,389 (15,342,507) 9,502,761 depreciated: Buildings and building Capital assets being improvements 9,810,565 4,433,757 - 14,244,322 depreciated: Systems – water and sewer 203,453,457 1,203,540 - 204,656,997 Buildings and building Furniture, fixtures, and improvements 29,899,221 7,279,852 (4,427,387) 32,751,686 equipment 3,044,774 1,354,885 - 4,399,659 Street system 168,453,421 650,035 - 169,103,456 Vehicles 1,754,928 46,353 - 1,801,281 Drainage system 13,376,468 6,257,537 (6,000) 19,628,005 Furniture, fixtures, and Total capital assets equipment 9,573,562 1,438,784 (1,318,361) 9,693,985 being depreciated 218,063,724 7,038,535 - 225,102,259 Vehicles 8,562,050 229,129 (81,989) 8,709,190 Less accumulated Total capital assets depreciation: being depreciated 229,864,722 15,855,337 (5,833,737) 239,886,322 Buildings and building improvements 1,645,166 285,256 - 1,930,422 Less accumulated Systems – water and sewer 85,706,694 4,363,404 - 90,070,098 depreciation: Furniture, fixtures, and Buildings and building equipment 2,135,620 169,534 - 2,305,154 improvements 7,114,728 956,800 - 8,071,528 Vehicles 1,424,425 103,881 - 1,528,306 Street system 141,394,654 2,239,686 - 143,634,340 Drainage system 5,238,377 409,483 - 5,647,860 Total accumulated Furniture, fixtures, and depreciation 90,911,905 4,922,075 - 95,833,980 equipment 6,605,940 567,543 - 7,173,483 Vehicles 6,344,329 365,298 (8,421) 6,701,206 Total capital assets being depreciated, net 127,151,819 2,116,460 - 129,268,279 Total accumulated depreciation 166,698,028 4,538,810 (8,421) 171,228,417 Total business-type activities capital Total capital assets being assets, net $ 128,931,785 $ 2,160,310 $ (145,200) $ 130,946,895 depreciated, net 63,166,694 11,316,527 (5,825,316) 68,657,905

Total governmental activities capital assets, net $ 84,226,573 $ 15,101,916 $ (21,167,823) $ 78,160,666

The remaining $5,745,748 of completed capital projects were transferred to the business-type activities and are shown in the next table.

45 46 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 6 - CAPITAL ASSETS (CONTINUED) NOTE 7 - PENSION PLAN

Depreciation expense was charged to functions/programs of the Parish as follows: Parochial Employees’ Retirement System of Louisiana

Governmental activities: Plan Description General government $ 435,055 The Parochial Employees’ Retirement System Board of Trustees (the “Board”) administers the Public safety 692,436 Parochial Employees’ Retirement System (the “State Plan”), a cost-sharing multiple-employer Public works 2,865,723 defined benefit plan established by the Louisiana Legislature as of January 1, 1953 by Act 205 Culture and recreation 493,970 of 1952. The State Plan is operating pursuant to LSA-R.S. 11:1901 through 11:2025. The Economic development 13,437 System is composed of two distinct plans, Plan A and Plan B, with separate assets and benefit Health & welfare 38,189 provisions. All employees of the Council are members of Plan A. Total $ 4,538,810 All permanent employees working at least 28 hours per week who are paid wholly or in part Business-type activities: from parish funds and certain elected parish officials are eligible to participate in the system. Solid Waste $ - Under Plan A, employees hired prior to January 1, 2007 who retire at or after age 65 with at Utilities Operations 2,200,558 least 7 years of creditable service, or after age 60 with at least 10 years of creditable service, at Mosquito Operations - or after age 55 with at least 25 years of creditable service, or at any age with at least 30 years of Sewerage Operations 2,721,517 creditable service are entitled to a retirement benefit, payable monthly for life, equal to 3 per Total $ 4,922,075 cent of their final-average salary for each year of creditable service. Employees hired on or after January 1, 2007 who retire at or after age 67 with at least 7 years of creditable service, at or after Construction in progress is comprised of the following: Expended to age 62 with at least 10 years of creditable service, or at or after age 55 with at least 30 years of 12/31/12 creditable service are entitled to the retirement benefits described above. However, for those Governmental Activities: employees who were members of the supplemental plan only prior to January 1, 1980, the Homewood/Central Ave Drainage $ 1,234,350 benefit is equal to one per cent of final average salary plus $24 for each year of supplemental- Water Tower Phase 2 948,645 plan-only service earned prior to January 1, 1980, plus 3 per cent of final-average salary for East Bank Multi Use Trail 868,885 each year of service credited after the revision date. Final-average salary shall be defined as the Inflow and Infiltration 578,822 average of the highest consecutive 36 months’ salary for members hired prior to January 1, Westbank Airnasium 573,952 2007. For members hired January 1, 2007 and later, final-average salary shall be defined as the Eastbank Complex 348,142 average of the highest consecutive 60 months’ salary. Employees who terminate with at least Airline Highway Improvements 295,746 the amount of creditable service stated above, and do not withdraw their employee Wastewater Manhole Rehab 189,820 contributions, may retire at the ages specified above and receive the benefit accrued to their date Levee Project 142,345 of termination. The System also provides death and disability benefits. Benefits are established Ruddock Elevated Tank #3 134,521 by state statute. Edgard Expansion 125,555 Sewer Manholes 119,492 The State Plan issues an annual publicly available financial report that includes financial Foxwood Drainage 104,689 statements and required supplementary information. The financial report may be obtained by Balsam St. Drainage 97,027 writing to the Parochial Employees’ Retirement System, Post Office Box 14619, Baton Rouge, Redbud Drainage 65,977 Louisiana 70898-4619, or by calling (225) 928-1361. Edgard Clarifier 31,810 Total Governmental Activities 5,859,778 Funding Policy Under Plan A, Members are required by statute to contribute 9.5 percent of their annual covered TOTAL CONSTRUCTION IN PROGRESS $ 5,859,778 salary and the St. John the Baptist Parish Council is required to contribute at an actuarially determined rate. The current employer contribution rate is 15.75 percent of annual covered The Parish has committed to spending approximately $23 million to complete the above payroll. Contributions to the System also include one-fourth of one per cent of projects.

47 48 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 7 - PENSION PLAN (CONTINUED) NOTE 7 - PENSION PLAN (CONTINUED)

the taxes shown to be collectible by the tax rolls of each parish (except Orleans and East Baton BASIS OF ACCOUNTING Rouge Parishes). These tax dollars are divided between Plan A and Plan B based proportionately on the salaries of the active members of each plan. The contribution The Parish’s financial statements are prepared using the accrual basis of accounting. Plan requirements of plan members and the St. John the Baptist Parish Council are established and member contributions are recognized in the period in which the contributions are due. may be amended by state statute. As provided by Louisiana Revised Statute 11:103, the Employer contributions to each plan are recognized when due and the employer has made a employer contributions are determined by actuarial valuation and are subject to change each formal commitment to provide the contributions. Benefits and refunds are recognized when due year based on the results of the valuation of the prior fiscal year. and payable in accordance with the terms of each plan.

Firefighters’ Retirement System METHOD USED TO VALUE INVESTMENTS

Plan Description As required by Governmental Accounting Standards Board Statement no. 25, “Financial The Firefighters’ Retirement System Board of Trustees administers the Firefighters’ Retirement Reporting for Defined Benefit Pension Plans and Note Disclosure for Defined Contribution System, a cost-sharing multiple-employer, defined benefit pension plan covering firefighters Plans”, investments are reported at fair value. Short-term investments are reported at cost, employed by a municipality, parish, or fire protection district of the State of Louisiana. The which approximates fair value. Securities traded on national or international exchanges are plan was created under the provisions of L.R.S. 11:2251 through 11:2269. valued at the last reported sales price at current exchange rates. Corporate bonds are valued based on yields currently available on comparable securities from issuers of similar credit Employees with 20 or more years of service who have attained age 50 or employees who have ratings. Investments that do not have an established market are reported at estimated fair value. 12 years of service who have attained age 55 or 25 years of service at any age, are entitled to annual pension benefits equal to 3.33% of their average final compensation based on the 36 The following provides certain disclosures for the Parish’s contributions to the Parochial consecutive months of highest pay multiplied by their total years of service, not to exceed 100 Employees’ Retirement System of Louisiana under Plan A. percent. Employees may elect to receive their pension benefits in the form of a joint and survivor annuity. Employees terminating before rendering 12 years of service forfeit the right to December 31, receive accumulated plan benefits attributable to their employer’s contributions. Benefits are 2010 2011 2012 payable over the employees’ lives in the form of a monthly annuity. Employer required contribution rate 15.75% 15.75% 15.75% The Firefighters’ Retirement System issues a publicly available financial report that includes Covered payroll $ 7,313,473 $ 7,559,657 $ 8,245,498 financial statements and required supplementary information. The financial report may be Required employer contributions $ 1,151,872 $ 1,190,646 $ 1,298,666 obtained by writing to the Firefighters’ Retirement System, 3100 Brentwood Dr., Baton Rouge, LA 70809 or by calling 225-925-4060. Actual Parish contributions $ 1,151,872 $ 1,190,646 $ 1,298,666

Funding Policy The following provides certain disclosures for the Parish’s contributions to the Firefighters’ Contributions for all members are established by statute at 8.0% of earnable compensation. The Retirement System, which commenced in January 2004. contributions are deducted from the member’s salary and remitted by the participating agency. According to state statute, contributions for all employers are actuarially determined each year. December 31, The employer’s contribution rate was 23.25% through June 30, 2012. Effective July 1, 2012, 2010 2011 2012 the employer’s contribution rate increased to 24%. Employer required contribution rate 14.00%/21.50% 21.5%/23.25% 23.25%/24% Covered payroll $ 1,698,302 $ 1,852,401 $ 1,858,173 Required employer contributions $ 308,115 $ 414,293 $ 438,870 Actual Parish contributions $ 308,115 $ 414,293 $ 438,870

49 50 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 8 - OTHER POST-EMPLOYMENT BENEFITS NOTE 8 - OTHER POST-EMPLOYMENT BENEFITS (CONTINUED)

Plan Description. St. John the Baptist Parish’s medical, dental, and life benefits are provided The following presents the calculation of the ARC for the current fiscal year ending December through an insured plan and are made available to employees upon actual retirement. 31, 2012 and the prior actuarial valuation for the fiscal year ending December 31, 2010:

Employees are eligible to retire according to the following provisions: 30 years of service at any Fiscal 2012 age; age 55 and 25 years of service; age 60 and 10 years of service; or, age 65 and 7 years of Medical Dental Life service. Complete plan provisions are contained in the official plan documents. Normal Cost plus interest to EOY $ 879,748 $ 26,667 $ 10,119 26 year UAL amortization amount 1,141,660 50,508 19,578 Retiree dental insurance premiums are paid 100% by the Parish and the data provided included 30 year UAL amortization amount the premiums currently applicable. The same actuarial assumptions as those used for medical due to implicit subsidy 113,874 - - benefits were used to value dental insurance post-employment except that a zero trend factor assumption was used. Annual Required Contribution (ARC) $ 2,135,282 $ 77,175 $ 29,697

Retiree life insurance premiums are paid 100% by the Parish and the data provided included the Fiscal 2011 premiums currently applicable. The same actuarial assumptions as those used for medical Medical Dental Life benefits were used to value life insurance post-employment except that a zero trend factor Normal Cost plus interest to EOY $ 780,816 $ 19,832 $ 12,216 assumption was used. 30 year UAL amortization amount 1,128,691 38,071 23,453

Contribution Rates. Employees do not contribute to their post employment benefits costs until Annual Required Contribution (ARC) $ 1,909,507 $ 57,903 $ 35,669 they become retirees and begin receiving those benefits. The plan provisions and contribution rates are contained in the official plan documents. Net Post-employment Benefit Obligation. The table below presents the Parish’s Net Other Post-employment Benefit (OPEB) Obligation for fiscal year ending December 31, 2012: Fund Policy. Until 2008, St. John the Baptist Parish recognized the cost of providing post- employment medical, dental and life benefits (St. John the Baptist Parish’s portion of the retiree Medical Dental Life medical, dental, and life benefit premiums) as an expense when the benefit premiums were due Beginning Net OPEB Obligation at and thus financed the cost of the post-employment benefits on a pay-as-you-go basis. 1/1/2012 $ 4,984,367 $ 141,566 $ 73,009

Effective with the Fiscal Year beginning January 1, 2008, St. John the Baptist Parish Annual required contribution 2,135,282 77,175 29,697 implemented Government Accounting Standards Board Statement Number 45, Accounting and Interest on Net OPEB Obligation 199,375 5,663 2,920 Financial Reporting by Employers for Post-employment Benefits Other than Pensions (GASB ARC Adjustment (299,864) (8,517) (4,392) 45). OPEB Cost 2,034,793 74,320 28,226 Annual Required Contribution. St. John the Baptist Parish’s Annual Required Contribution Contributions - - - (ARC) is an amount actuarially determined in accordance with GASB 45. The Annual Required Current year retiree premium (505,562) (41,287) (11,522) Contribution (ARC) is the sum of the Normal Cost plus the contribution to amortize the Actuarial Current year retiree premium (95,703) - - Accrued Liability (AAL). A level dollar, closed amortization period of 30 years (the maximum amortization period allowed by GASB 45) has been used for the postemployment benefits. This Change in Net OPEB Obligation 1,433,528 33,033 16,704 period commences January 1, 2012 for that portion of the AAL representing the initial measurement of the implicit rate subsidy and on January 1, 2008 for the remaining portion of the Ending Net OPEB Obligation at AAL. 12/31/2012 $ 6,417,895 $ 174,599 $ 89,713

51 52 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 8 - OTHER POST-EMPLOYMENT BENEFITS (CONTINUED) NOTE 8 - OTHER POST-EMPLOYMENT BENEFITS (CONTINUED)

The following table presents the Parish’s annual other post-employment benefits (OPEB) cost, Retired employees and dependents who under age 65 or not otherwise covered by Medicare are percentage of the cost contributed, and the net unfunded other post-employment benefits (OPEB) covered by the Parish’s employee medical insurance plan; a single premium rate structure applies liability (asset): to both employees and retirees. This creates an additional OPEB liability because retirees, being older, have higher health care costs than active employees, being younger. The medical premium Post Fiscal Annual Percentage of Net OPEB for retirees is insufficient to recover their total health costs, so the employee premium is Employment Year OPEB Annual Cost Obligation implicitly overstated to subsidize the higher-cost retirees and the premium for retirees is Benefit Ended Cost Contributed (Asset) understated. This difference creates an implicit premium rate subsidy. This implicit premium rate subsidy is considered a benefit that, under GASB Statement No. 45, should be included in OPEB Medical 12/31/10 $ 1,865,280 24.0% $ 3,627,255 valuations and is so included in the January 1, 2012 valuation. Dental 12/31/10 55,936 53.7% 124,146 Life 12/31/10 35,221 26.8% 48,172 Actuarial Cost Method. The ARC for 2012 was determined using the Projected Unit Credit Cost Method. Medical 12/31/11 $ 1,844,832 26.4% $ 4,984,367 Dental 12/31/11 55,690 68.7% 141,566 Actuarial Value of Plan Assets. The Parish does not fund this plan, but pays the premiums Life 12/31/11 34,810 28.6% 73,009 when due.

Medical 12/31/12 $ 2,034,793 25.6% $ 6,417,895 Turnover Rate. An age-related turnover scale based on actual experience as described by Dental 12/31/12 74,320 60.1% 174,599 administrative staff has been used. The rates, when applied to the active employee census, Life 12/31/12 28,226 44.2% 89,713 produce an annual turnover of approximately 9%. The rates for each age are below:

Actuarial Methods and Assumptions. Actuarial valuations involve estimates of the value of Age Percent Turnover reported amounts and assumptions about the probability of events far into the future. The 18 – 25 25.0% actuarial valuation for post-employment benefits includes estimates and assumptions regarding 26 – 40 15.0% (1) turnover rate; (2) retirement rate; (3) health care cost trend rate; (4) mortality rate; (5) 41 – 54 8.0% discount rate (investment return assumption); (6) the period to which the costs apply (past, 55+ 6.0% current, or future years of service by employees); and (7) aging factors. Actuarially determined amounts are subject to continual revision as actual results are compared to past expectations and Post employment Benefit Plan Eligibility Requirements. It is assumed that entitlement to new estimates are made about the future. benefits will commence three years after earliest eligibility for retirement. Medical benefits are provided to employees upon actual retirement. Employees are eligible to retire according to the The actuarial calculations are based on the types of benefits provided under the terms of the following provisions: 30 years of service at any age; age 55 and 25 years of service; age 60 and substantive plan (the plan as understood by the Parish and its employee plan members) at the 10 years of service; or, age 65 and 7 years of service. Entitlement to benefits continues through time of the valuation and on the pattern of sharing costs between the Parish and its plan members Medicare to death. to that point. The projection of benefits for financial reporting purposes does not explicitly incorporate the potential effects of legal or contractual funding limitations on the pattern of cost Investment Return Assumption (Discount Rate). GASB Statement No. 45 states that the sharing between the Parish and plan members in the future. Consistent with the long-term investment return assumption should be the estimated long-term investment yield on the perspective of actuarial calculations, the actuarial methods and assumptions used include investments that are expected to be used to finance the payment of benefits (that is, for a plan techniques that are designed to reduce short-term volatility in actuarial liabilities and the actuarial which is funded). Based on the assumption that the ARC will not be funded, a 4% annual value of assets. investment return has been used in this valuation. This is a conservative estimate of the expected long term return of a balanced and conservative investment portfolio under professional management.

53 54 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 8 - OTHER POST-EMPLOYMENT BENEFITS (CONTINUED) NOTE 9 - ACCOUNTS, SALARIES, AND OTHER PAYABLES

Health Care Cost Trend Rate Health care trend is an assumption as to the future increases in The following is a summary of accounts, contracts, salaries, and other payables as of December health care costs. The trend rate includes a general inflation factor of 2.5%. Sample medical care 31, 2012. trend rates, the percent by which health care cost for the year shown exceed those for the prior year, are as follows: Class of Payable Year Rate Year Rate Salaries Withholdings Contracts Accounts Total 2012-2013 9.0% 2017-2018 7.4% 2013-2014 9.0% 2018-2019 6.6% General Fund $ 46,803 $ 216,764 $ - $ 418,420 $ 681,987 2014-2015 9.0% 2019-2020 5.8% 2015-2016 8.2% 2020+ 5.0% Road & Bridges - 200,873 - 2,026,026 2,226,899 Mortality Rate. Separate rates are used for annuitants (retirees and dependents receiving 1992 GO Sinking - - - 350 350 benefits) and non-annuitants (employees). To incorporate continual mortality improvement (i.e., longer life expectancies) and ease of availability, the mortality table used is the IRS pension plan valuation table applicable for the current year. Sample rates of mortality for non-annuitants are: 2010 Sewer Construct. - - - 4,351 4,351

Rate per 1,000 Solid Waste - - - 305,357 305,357 Age Males Females 25 0.287 0.141 Mosquito Control - - - 57,325 57,325 35 0.675 0.352 45 1.059 0.727 Utilities 57,666 123,590 - 361,488 542,744 55 1.805 2.034 65 5.175 5.084 Sewerage 62,662 133,011 - 330,601 526,274

Non-major funds 23,674 21,566 181,210 872,967 1,099,417

Total $ 190,805 $ 695,804 $ 181,210 $ 4,376,885 $ 5,444,704

55 56 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 10 - CAPITAL LEASES NOTE 11 - LONG-TERM DEBT

Leases are accounted for in accordance with GASB Codification Section L20-Leases, which The following is a summary of long-term debt transactions of the Parish for the year ended requires classification of leases as capital or operating leases. Governmental fund assets under December 31, 2012: capital leases are recorded in the government-wide financial statements. Issues Payments Due Balance Additions Expenditures Balance Within The following is a schedule of capital lease obligations at December 31, 2012: 1/1/12 Adjustments Adjustments 12/31/12 One Year

Capitalizable Interest Termination Principal Interest to Governmental Activities Description Amount Rate Date Balance Maturity General Obligation Governmental Funds: Bonds $ 48,330,000 $ - $ 2,630,000 $ 45,700,000 $ 2,620,000 Motorola Radios $ 323,301 5.09% 04/01/13 $ 47,772 $ 2,432 Certificates of LaPlace E-One HP-75 624,000 5.35 09/05/13 103,665 5,546 Indebtedness 2,199,000 - 397,000 1,802,000 409,000 Reserve Rescue Pumper 406,000 4.30 12/01/14 128,435 8,334 Public Improvement Garyville Rescue Pumper 340,745 5.25 07/08/16 157,467 21,196 Bonds 21,150,000 - 2,060,000 19,090,000 2,055,000 Sales Tax & Total Leases Payable $ 1,694,046 $ 437,339 $ 37,508 Revenue Bonds 5,881,000 - 710,000 5,171,000 737,000 State Revolving The following is a schedule of future minimum lease payments under capital leases and the Fund Loan - 198,931 - 198,931 62,000 present value of the net minimum lease payments as of December 31, 2012: Capital Lease Obligations 676,059 - 238,720 437,339 250,702 Governmental Net OPEB Year Ended Funds Obligation 5,198,942 2,137,339 654,074 6,682,207 - Less Issuance Costs (624,662) - (69,523) (555,139) - 2013 $ 272,464 Less Discount/ 2014 113,050 Premium 618,369 - 58,872 559,497 - 2015 44,666 2016 44,667 Total Governmental Activities 83,428,708 2,336,270 6,679,143 79,085,835 6,133,702 Total Minimum Lease Payments 474,847 Business-Type Activities Less: Amounts Representing Interest (37,508) Revenue Bonds 5,747,251 4,870,000 5,897,251 4,720,000 250,000

Present Value of Net Minimum Lease Payments $ 437,339 Less Issuance Costs - (60,988) (2,859) (58,129) - Less Discount/ Premium 94,247 - 94,247 - -

Total Business-type Activities 5,841,498 4,809,012 5,988,639 4,661,871 250,000

Total Long-Term Debt $ 89,270,206 $ 7,145,282 $ 12,667,782 $ 83,747,706 $ 6,383,702

57 58 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012

NOTE 11 - LONG-TERM DEBT (CONTINUED) General Obligation Bonds, Revenue Bonds, Certificates of Indebtedness, Revenue Anticipation Note and other long-term debt are comprised of the following individual issues:

Date of Authorized Interest Maturity Principal Interest Bond Type Issuance and Issued Rate % Date Outstanding to Maturity Government Activities: ST. JOHN THE BAPTIST PARISH COUNCIL Public Improvement Bonds LAPLACE, LOUISIANA Public Improvement Bonds, NOTES TO FINANCIAL STATEMENTS (CONTINUED) Series ST-1994 10/01/94 $ 500,000 5.5-10.0 01/01/14 $ 90,000 $ 2,700 Public Improvement Bonds, December 31, 2012 Series ST-1995 07/01/95 800,000 5.3-10.0 01/01/15 255,000 23,985 Public Improvement Bonds, NOTE 11 - LONG-TERM DEBT (CONTINUED) Series ST-2010 03/01/10 15,000,000 2.0-4.1 12/01/29 14,985,000 6,535,369 Public Improvement Bonds, Annual debt service to maturity on bonds and certificates, including interest of $23,783,057, are as follows: Series 2010 12/14/10 7,370,000 2.0 12/01/14 3,760,000 113,200 Year General Public Sales Tax & Certificates Total Utility Total Public Improvement Bonds 19,090,000 6,675,254 Ending Obligation Improvement Revenue of Government Revenue General Obligation Bonds December 31, Bonds Bonds Bonds Indebtedness Loans Activities Bonds Total General Obligation Bonds - Series 2003 02/01/03 11,365,000 4.1-5.0 03/01/22 570,000 14,250 2013 $ 4,418,625 $ 2,736,175 $ 938,568 $ 463,044 $ 62,895 $ 8,619,307 $ 365,934 $ 8,985,241 General Obligation Bonds - Series 2004 11/01/04 8,300,000 3.5-5.0 03/01/24 5,875,000 1,572,341 2014 4,444,445 2,695,324 902,460 467,379 63,616 8,573,224 367,435 8,940,659 General Obligation Bonds - Series 2005 02/01/05 1,200,000 .1-5.95 03/01/24 880,000 254,103 2015 4,455,667 1,283,106 910,007 472,133 63,333 7,184,246 363,355 7,547,601 General Obligation Refunding Bonds - 2016 4,484,078 1,297,256 908,338 179,063 11,215 6,879,950 368,765 7,248,715 Series 2008 11/06/08 4,560,000 3.59% 03/01/18 2,925,000 326,421 2017 4,507,118 1,310,356 912,388 179,326 - 6,909,188 363,598 7,272,786 General Obligation Bonds – Series 2009 08/01/09 29,500,000 3.62-4.75 03/01/29 26,905,000 10,852,863 2018-2022 20,760,877 6,675,581 1,349,554 206,309 - 28,992,321 1,827,833 30,820,154 General Obligation Refunding Bonds - 2023-2027 12,939,693 6,914,981 - - - 19,854,674 1,836,563 21,691,237 Series 2011 10/12/11 8,545,000 2.0-5.0 03/01/22 8,545,000 2,026,025 2028-2032 4,735,500 2,852,475 - - - 7,587,975 370,620 7,958,595 Total General Obligation Bonds 45,700,000 15,046,003 Total debt service Certificates of Indebtedness To maturity 60,746,003 25,765,254 5,921,315 1,967,254 201,059 94,600,885 5,864,103 100,464,988 Certificate of Indebtedness-2004 10/20/04 723,000 4.78 04/01/20 453,000 79,229 Certificate of Indebtedness-2005 06/07/05 750,000 3.80 04/01/15 260,000 15,010 Less amounts representing interest: Certificate of Indebtedness-2007 11/08/07 600,000 4.08 04/01/17 370,000 40,392 Certificate of Indebtedness-2007A 12/21/07 200,000 4.25 04/01/17 110,000 12,113 2013 $ 1,798,625 $ 681,175 $ 201,568 $ 54,044 $ 895 $ 2,736,307 $ 115,934 $ 2,852,241 Certificate of Indebtedness-2011 02/15/11 800,000 2.67 04/01/15 609,000 18,510 2014 1,694,445 635,324 171,460 41,379 616 2,543,224 112,435 2,655,659 Total Certificates of Indebtedness 1,802,000 165,254 2015 1,590,667 588,106 140,007 28,133 333 2,347,246 108,355 2,455,601 2016 1,479,078 567,256 107,338 18,063 284 2,172,019 103,765 2,275,784 Sales Tax & Revenue Bonds 2017 1,362,118 545,356 73,388 11,326 - 1,992,188 98,598 2,090,786 Series 2003 02/01/03 330,000 3.75-4.25 02/01/13 40,000 850 2018-2022 4,885,877 2,235,581 56,554 12,309 - 7,190,321 397,833 7,588,154 Series 2005 02/01/05 1,300,000 3.5-6.0 02/01/20 810,000 138,673 2023-2027 2,039,693 1,254,981 - - - 3,294,674 196,563 3,491,237 Series 2006 02/01/06 765,000 0.1-6.0 02/01/20 495,000 103.039 2028-2032 195,500 167,475 - - - 362,975 10,620 373,595 Series 2006 (2) 08/21/06 5,650,000 4.18 04/01/18 3,203,000 419,150 Series 2006A 09/26/06 550,000 4.18 04/01/18 308,000 40,453 Total Revenue Bonds Series 2009 08/4/09 430,000 1.50-4.25 08/01/19 315,000 48,150 Interest 15,046,003 6,675,254 750,315 165,254 2,128 22,638,954 1,144,103 23,783,057 Total Sales Tax & Revenue Bonds 5,171,000 750,315 Total Loans principal $ 45,700,000 $ 19,090,000 $ 5,171,000 $ 1,802,000 $ 198,931 $ 71,961,931 $ 4,720,000 $ 76,681,931 State Revolving Fund Loan 10/19/12 1,359,000 .45 12/01/32 198,931 2,128 Total Sales Tax & Revenue Bonds 198,931 2,128

Total Bonds and Certificates of Indebtedness 71,961,931 22,638,954 60 Business-type Activities: Revenue Bonds Water Revenue Utility Bonds Series 2012 03/20/12 4,870,000 1.2-2.95 12/1/28 4,720,000 1,144,103 Total Revenue Bonds $ 4,720,000 $ 1,144,103

59 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 11 - LONG-TERM DEBT (CONTINUED) NOTE 11 - LONG-TERM DEBT (CONTINUED)

General Obligation Bonds, totaling $45,700,000 are secured by an annual ad valorem tax levy. In 2010, the Council defeased $2,010,000 of Public Improvement Bonds, Series 1996, $845,000 In accordance with Louisiana Revised Statute 39:562, the Council is legally restricted from of Public Improvement Bonds, Series St-1996, and $5,325,000 of Public Improvement Bonds, incurring long-term bonded debt in excess of 35 percent of the assessed value of property in the Series 1999, by placing the proceeds of Public Improvement Bonds, Series 2010 in an Parish. The statute also states the Parish is restricted from incurring long-term bonded debt in irrevocable trust to provide for all future debt service payments of the defeased bonds. excess of 10 percent of assessed value for any one purpose. The statutory debt limit for the Accordingly, the trust account assets and the liability for the defeased bonds are not included in Parish is reported in the Statistical Section of the Parish’s Comprehensive Annual Financial the Council’s financial statements. Report. The total indebtedness secured by ad valorem taxes totaled $45,700,000. In 2011, the Council defeased $4,130,000 of General Obligations Bonds, Series 2002, and The government-wide financial statements do not include any of the Pollution Control Revenue $6,845,000 of General Obligation Bonds, Series 2003, by placing the proceeds of General Bonds or Industrial Revenue Bonds issued by the industrial districts of St. John the Baptist Obligation Bonds, Series 2011 in an irrevocable trust to provide for all future debt service Parish. Obligations of the industrial districts are payable solely from the income and revenues payments of the defeased bonds. Accordingly, the trust account assets and the liability for the derived from the industrial districts. Although the name of the Council appears on the face of defeased bonds are not included in the Council’s financial statements. the bonds, the Council has not guaranteed payment of those bonds in the event of default by the issuing authority. In 2012, the Council defeased $356,000 of Water Revenue Refunding Bonds, Series 1997A, $3,500,000 of Water Revenue Utility Bonds, Series 1998, and $3,500,000 of Water Revenue All of the Fund’s outstanding revenue bonds are subject to early redemption provisions. Utility Bonds, Series 1999 by placing the proceeds of Water Revenue Refunding Bonds, Series 2012 in an irrevocable trust to provide for all future debt service payments of the defeased There are a number of limitations and restrictions contained in the various bond indentures. The bonds. Accordingly, the trust account assets and the liability for the defeased bonds are not Parish is in compliance with all significant limitations and restrictions, including federal included in the Council’s financial statements. The difference between the cash flows required arbitrage regulations. to service the old debt and the cash flows required to service the new debt totaled $2,076,536. An economic gain (difference between the present value of the old debt and new debt service Defeasance of Debts payments) of $1,789,594 resulted from the refunding.

In 1989, the Council defeased certain 1987 Public Improvement Bonds by placing the proceeds At December 31, 2012, $24,853,818 of bonds outstanding are considered defeased. of the new bonds in an irrevocable trust to provide for all future debt service payments on the 1987 bonds. Accordingly, the trust account assets and the liability for the defeased bonds are not included in the Council’s December 31, 2012 financial statements.

In 1996, the Council defeased $6,200,000 of Public Improvement Bonds, Series ST 1990, by issuing $6,800,000 of Public Improvement Refunding Bonds, Series 1996. The Council placed the proceeds of the new bonds in an irrevocable trust to provide for all future debt service payments of the defeased bonds. Accordingly, the trust account assets and the liability for the defeased bonds are not included in the Council’s financial statements.

In 2008, the Council defeased $4,485,000 of General Obligation Refunding Bonds, Series 1998 by placing the proceeds of General Obligation Refunding Bonds, Series 2008 in an irrevocable trust to provide for all future debt service payments of the defeased bonds. Accordingly, the trust account assets and the liability for the defeased bonds are not included in the Council’s financial statements.

61 62 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 12 - INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS NOTE 12 - INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS (CONTINUED)

The composition of interfund balances as of December 31, 2012, is as follows: Due From Due To Net Internal Other Funds Other Funds Balances Payable Funds Governmental Activities $ 3,926,947 $ (2,699,364) $ 1,227,583 Governmental Activities Business-Type Activities 4,187,105 (5,414,688) (1,227,583) General Sales Tax Hurricane Road & Non-Major Total $ 8,114,052 $ (8,114,052) $ - Fund District Isaac Bridges Funds Total Receivable Funds The above due to/from other funds were short-term receivables or payables in the normal course Governmental Activities of the Parish’s operations. Significant receivables/payables consist of collections of revenues by General Fund $ - $ - $ 83,848 $ 13,983 $ 247,230 $ 345,061 one fund on behalf of another fund which had not been transferred by year-end. Road & Bridges 57 - 1,266,423 - 354,322 1,620,802 Non-Major Funds 1,644 100,000 89,992 - 31,238 222,874 A summary of interfund transfers at December 31, 2012, are as follows: Sub-total 1,701 100,000 1,440,263 13,983 632,790 2,188,737 Governmental Activities Business-Type Activities Transfers In: Utilities 18,249 - 125,765 9,559 1,923 155,496 Non Sewerage 232 - 338,446 - 16,453 355,131 General Roads & Sales Tax Hurricane Major Total Sub-total 18,481 - 464,211 9,559 18,376 510,627 Fund Bridges District Isaac Funds Governmental Total $ 20,182 $ 100,000 $1,904,474 $ 23,542 $ 651,166 $ 2,699,364 Transfers Out: General Fund $ - $ 376,121 $ - $ 83,848 $ 2,666,503 $ 3,126,472 Payable Funds Business-type Activities Roads & Bridges - - 3,850,000 3,494,095 - 7,344,095 Utilities Sewerage Non Major Funds 117,000 - 2,730,023 89,991 1,250,711 4,187,725 Fund Fund Total Utilities - - 1,300,000 125,765 - 1,425,765 Receivable Funds Sewerage - - 2,100,000 338,447 10,000 2,448,447 Governmental Activities Mosquito Control - - - - 100,000 100,000 General Fund $ 4,187 $ 1,984 $ 6,171 Total $ 117,000 $ 376,121 $ 9,980,023 $ 4,132,146 $ 4,027,214 $18,632,504 Sales Tax District - 1,629,607 1,629,607 Road & Bridges 26,795 11,035 37,830 Business-type Activities Non-Major Funds 64,602 - 64,602 Transfers In: Sub-total 95,584 1,642,626 1,738,210 Mosquito Total Business-Type Activities Control Utilities Sewerage Business-type Solid Waste 1,359,558 - 1,359,558 Transfers Out: Mosquito Control 176,865 - 176,865 Utilities - 51,906 51,906 General Fund $ 15,000 $ 369,636 $ 474,636 $ 859,272 Sewerage 2,088,149 - 2,088,149 Total $ 15,000 $ 369,636 $ 474,636 $ 859,272 Sub-total 3,624,572 51,906 3,676,478 Total $ 3,720,156 $ 1,694,532 $ 5,414,688 Transfers Transfers Net In Out Transfers Governmental Activities $ 15,517,564 $ (18,632,504) $ (3,114,940) Business-Type Activities 3,974,212 (859,272) 3,114,940 Total $ 19,491,776 $ (19,491,776) $ -

63 64 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012

NOTE 12 - INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS (CONTINUED)

Transfers are primarily used to move funds from:

a) The Sales Tax District to other funds in connection with the operations, capital improvements and maintenance of the Parish’s road and bridges and sewer district. ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA b) The Economic Development Fund to finance various programs accounted for in other funds NOTES TO FINANCIAL STATEMENTS (CONTINUED) in accordance with budgetary authorizations. December 31, 2012 NOTE 15 – FUND BALANCE

c) The Hurricane Isaac Fund to disburse grant funding for Hurricane Isaac-related costs The following illustrates the specific purposes of each classification of fund balance in the financial statements: incurred. 1992 General 2010 Sewer Non-major General Sales Tax Roads and Obligation Construction Governmental All other transfers are also in accordance with budgetary authorizations. In addition to the above Fund District Bridges Sinking Bond Funds Total transfers, transfers of completed capital projects were made from the governmental funds to the Nonspendable: Prepaids $ 47,076 $ - $ 70,740 $ - $ - $ 18,905 $ 136,721 Sewerage Fund in the amount of $5,745,748. Total Nonspendable 47,076 - 70,740 - - 18,905 136,721

Restricted: NOTE 13 - CRIMINAL COURT FUND Debt service - - - 10,022,422 - 2,846,858 12,869,280 Special programs - 11,431,659 2,122,311 - - 18,279,418 31,833,388 Louisiana Revised Statutes, at LSA-R.S. 15:571.11 requires that one-half of any surpluses Total Restricted - 11,431,659 2,122,311 10,022,422 - 21,126,276 44,702,668 remaining in the Criminal Court Fund at year-end shall be transmitted to the Parish’s General Committed: Capital projects - - - - 13,776,050 9,143,528 22,919,578 Fund. At December 31, 2012, there was not a surplus in the Criminal Court Fund, therefore, no Special programs - - - - - 4,273,903 4,273,903 transfer was required to be made. Total Committed - - - - 13,776,050 13,417,431 27,193,481 Unassigned 2,128,087 - - - - - 2,128,087 NOTE 14 - COMMITMENTS AND CONTINGENCIES Total $ 2,175,163 $ 11,431,659 $ 2,193,051 $ 10,022,422 $ 13,776,050 $ 34,562,612 $ 74,160,957 Litigation The Parish is a named defendant in a number of claims and lawsuits resulting principally from personal injury, property damage, assessments, and construction claims. The Parish Attorney has reviewed these claims and lawsuits in order to evaluate the likelihood of an unfavorable outcome to the Parish and to arrive at an estimate, if any, of the amount or range of potential loss to the Parish. As a result of such review, the various claims and lawsuits have been categorized into “probable,” “reasonably possible,” and “remote” contingencies as defined in GASB Codification C50. Legal counsel’s opinion on the ultimate resolution of these matters is that little or no loss to the Parish should be incurred. 66 Federally Assisted Programs The Parish receives significant financial assistance from numerous federal and state governmental agencies in the form of grants. The disbursement of funds generally requires compliance with terms and conditions specified in the grant agreements. The programs are audited in accordance with the Single Audit Act of 1984 and 1996 Amendments and also subject to further examination by the grantor agency. Any disallowed claims resulting from such audits could become a liability of the General Fund or other applicable funds. However, in the opinion of management, any such disallowed claims will not have a material effect on any of the financial statements.

65 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 16 - PAYABLE FROM RESTRICTED ASSETS NOTE 18 – SELECTED DISCLOSURES FOR DISCRETELY PRESENTED COMPONENT UNIT (CONTINUED) A summary of enterprise funds’ current liabilities payable from restricted assets by account Library follows: Utilities Bank accounts Per Bank $ 3,432,071 System Customer deposits $ 1,331,543 The bank balances are categorized as follows: Current portion of bonds payable 250,000 Accrued interest payable 9,661 Amount insured by the FDIC, or Total $ 1,591,204 collateralized with securities held by the component unit’s agent in the NOTE 17 - RISK MANAGEMENT component unit’s name $ 250,000

The Parish is exposed to various risks of loss related to torts: theft of, damage to, and Amount uninsured or unregistered, destruction of assets; errors and omissions; injuries to employees; and natural disasters. with securities held by the These risks are covered by commercial insurance purchased from independent third parties. component unit’s agent but The more significant insurance coverage includes water and sewerage commercial general not in the component unit’s name. $ 3,182,071 liability, workers’ compensation, business auto and commercial property. There have been no settlements that have exceeded insurance coverage within the past three years. Custodial risk is the risk that, in the event of a bank failure, the component unit’s deposits NOTE 18 – SELECTED DISCLOSURES FOR DISCRETELY PRESENTED might not be recovered. COMPONENT UNIT B. CAPITAL ASSETS Financial reporting standards require footnote disclosure on discretely presented component units considering both the unit’s significance relative to the total discretely presented component Capital assets for the component unit at December 31, 2012 are as follows: units and the nature and significance of the unit’s relationship to the primary government (the Parish). As such, the following disclosures are presented. Library A. CASH Equipment & furniture $ 1,383,253 Library books 3,603,210 The Library’s cash deposits at December 31, 2012 were as follows: Buildings 4,116,613 Land 40,000 Library Bank accounts per Statement of Net Position $ 3,353,934 Subtotal 9,143,076

Under state law, the bank balances of these deposits must be secured by federal deposit Less: Accumulated Depreciation (4,514,177) insurance or the pledge of securities owned by the fiscal agent bank. The fair value of the pledged securities plus the federal deposit insurance must at all times equal or exceed the Total $ 4,628,899 amount on deposit with the fiscal agent.

67 68 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 18 – SELECTED DISCLOSURES FOR DISCRETELY PRESENTED NOTE 18 – SELECTED DISCLOSURES FOR DISCRETELY PRESENTED COMPONENT UNIT (CONTINUED) COMPONENT UNIT (CONTINUED)

C. PENSION PLAN a pay-as-you-go basis; therefore, no funds are reserved for payment of future health insurance premiums. For the year ended December 31, 2012, the Library contributed Substantially all employees of the St. John the Baptist Parish Library are members of the $69,862 to the plan on behalf of the retirees. Parochial Employees’ Retirement System of Louisiana, which the Parish employees also participate in. For a detailed plan description, see Note 7 on pensions. Annual OPEB Cost and Net OPEB Obligation. The Library’s annual other post- employment benefit (OPEB) is calculated based on the annual required contribution (ARC). The following provides certain disclosures for the St. John the Baptist Parish Library The Library has elected to calculate the ARC and related information using the “alternative contributions to the plan: measurement method” permitted by GASB Statement No. 45 for employers with plans that have fewer than 100 total members. The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover normal cost each year and to amortize any unfunded Library December 31, actuarial liabilities (or funding excess) over a period not to exceed 30 years. 2010 2011 2012 The following table shows the components of the Library’s annual OPEB cost for the year, Employer required contribution rate 15.75% 15.75% 15.75% the amount actually contributed to the plan, and changes in the Library’s net OPEB Covered payroll $ 779,810 $ 938,406 $ 1,017,385 obligation to the plan: Required employer contributions $ 122,820 $ 147,799 $ 160,309 Library contributions $ 122,820 $ 147,799 $ 160,309 Annual required contribution (ARC) $ 218,023 Interest on net OPEB obligation 25,081 Adjustments to Annual Required Contribution (36,261) D. OTHER POST-EMPLOYMENT BENEFITS Annual OPEB cost 206,843 Contributions made (69,862) Plan Description. The Library administers and contributes to a single employer defined Increase in net OPEB obligation 136,981 benefit health, dental and life insurance plan for retirees and active employees, as authorized Net OPEB obligation at beginning by the Library Board. The plan provides lifetime health and dental insurance for retirees, of year $ 627,037 their spouses and dependents, and life insurance benefits for employees that retire at age 55 Net OPEB obligation at end or older or have 30 years of service at any age. The Library uses the same private insurance of year $ 764,018 provider/carrier as the Parish. No financial statements are available for the Library’s plan. The Library’s annual OPEB cost, the percentage of annual OPEB cost contributed to the The Library implemented Governmental Accounting Standards Board Statement No. 45, plan, and the net OPEB obligation for the year 2012 was, $206,843, 34%, and $764,018. Accounting and Financial Reporting by Employers for Post employment Benefits Other than Pensions (GASB 45) during the year ending December 31, 2010. In adopting the Funded Status and Funding Progress. As of December 31, 2012, the actuarial accrued requirements of GASB Statement No. 45, the Library recognizes the cost of post- liability for benefits was $2,056,920, all of which was unfunded. The covered payroll employment benefits in the year when employee services are rendered, reports the (annual payroll of active employees covered by the plan) was $997,681, and the ratio of the accumulated liability from prior years, and provides information useful in assessing unfunded actuarial accrued liability (UAAL) to the covered payroll was 206%. potential demands on the Library’s future cash flows. Because the Library has adopted the requirements of GASB Statement No. 45 prospectively, recognition of the liability The projection of future benefits for an ongoing plan involves estimates of the value of accumulated from prior years will be phased in over 30 years, commencing with the 2009 reported amounts and assumptions about the probability of occurrence of events far into the liability. future. Amounts determined regarding the funded status of a plan and the employer’s annual required contributions are subject to continued revision as actual results are Fund Policy. The Library contributes 100% of the costs of the current year’s health, dental compared with past expectations and new estimates are made about the future. and life insurance premiums for eligible retired employees. The Library finances its plan on

69 70 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012 December 31, 2012

NOTE 18 – SELECTED DISCLOSURES FOR DISCRETELY PRESENTED NOTE 18 – SELECTED DISCLOSURES FOR DISCRETELY PRESENTED COMPONENT UNIT (CONTINUED) COMPONENT UNIT (CONTINUED)

Actuarial Methods and Assumptions. Projections of benefits for financial reporting the retirees and their dependents, but it is based on the blended active/retired rate prior to purposes are based on the substantive plan (the plan as understood by the employer and the age 65. Since GASB 45 requires that unblended rates be used, we have estimated the plan members) and include the types of benefits provided at the time of each valuation and unblended retiree rate before 65 to be 130% of the blended rate. the historical pattern of sharing of benefit costs between the employer and plan members to that point. The actuarial methods and assumptions used to include techniques that are Inflation Rate. Included in both the Investment Return Assumption and the Healthcare designed to reduce the effects of short-term volatility in actuarial accrued liabilities and the Cost Trend rates above is an implicit assumption of 2.50% annually. actuarial value of assets, consistent with the long-term perspective of the calculations. Projected Salary Increases. This assumption is not applicable since neither the benefit Actuarial Value of Plan Assets. There are no plan assets. It is anticipated, that in future structure nor the valuation methodology involves salary. valuations, should funding take place, a smoothed market value consistent with Actuarial Standards Board ASOP 6, as provided in paragraph number 125 of GASB Statement 45. Post-retirement Benefit Increases. The plan benefit provisions in effect for retirees as of the valuation date have been used and it has been assumed for valuation purposes that there Turnover Rate. An age-related turnover scale based on actual experience has been used. will not be any changes in the future. The rates, when applied to the active employee census, produce a composite average annual turnover of approximately 5%. E. OTHER LONG-TERM DEBT

Post-employment Benefit Plan Eligibility Requirements. Based on past experience, it Changes in long-term obligations other than the OPEB obligation of the component unit are has been assumed that entitlement to benefits will commence five years after eligibility to as follows: enter the D.R.O.P. The five years after eligibility to enter the D.R.O.P. plus two additional years. Medical benefits are provided to employees upon actual retirement. 1. Accrued Annual Leave

Investment Return Assumption (Discount Rate). GASB Statement 45 states that the The following is a summary of long-term obligation transactions for unused annual leave investment return assumption should be the estimated long-term investment yield on the during the year: Unused investments that are expected to be used to finance the payment of benefits (that is, for a Annual Leave plan that is funded). Based on the assumption that the ARC will not be funded, a 4% annual Long-term obligations payable investment return has been used in this valuation. at December 31, 2011 $ 74,770 Additions 71,916 Healthcare Cost Trend Rate. The expected rate of increase in healthcare insurance Deductions (74,716) premiums is based on graded schedule beginning with 8% annually, reduced down to an Long-term obligations payable ultimate rate of 5% after ten years and later. at December 31, 2012 $ 71,970 Mortality Rate. The 1994 Group Annuity Reserving (94GAR) table, projected to 2002, based on a fixed blend of 50% of the unloaded male mortality rates and 50% for the unloaded female mortality rates, is used. This is recently used mortality table. Projected future mortality improvement has not been used since it is our opinion that this table contains sufficiently conservative margin for the population involved in this valuation.

Method of Determining Value of Benefits. The “value of benefits” has been assumed to be the portion of the premium after retirement date expected to be paid by the employer for each retiree and has been used as the basis for calculating the actuarial present value of OPEB benefits to be paid. The employer pays 100% of the cost of the medical insurance for

71 72 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA NOTES TO FINANCIAL STATEMENTS (CONTINUED) December 31, 2012

NOTE 18 – SELECTED DISCLOSURES FOR DISCRETELY PRESENTED COMPONENT UNIT (CONTINUED)

2. Operating Leases

The Library entered into operating leases for buildings and copier machines. The total minimum annual commitments under all operating leases are as follows: (THIS PAGE IS INTENTIONALLY LEFT BLANK) Year Ending December 31, Amount 2013 $ 7,296 2014 5,424 2015 3,552 2016 3,552 2017 3,256

Total $ 23,080

NOTE 19 – SUBSEQUENT EVENTS

The Parish has evaluated subsequent events through June 26, 2013, and identified the following subsequent events to be disclosed:

In April 2013, the Parish Council approved ordinance 13-07 authorizing the issuance and sale of $6,000,000 of Water Revenue Bonds, Series 2013 for the purpose of acquiring and constructing improvements, extensions, and replacements to the waterworks system of the Parish.

73 REQUIRED SUPPLEMENTARY INFORMATION OTHER ST. JOHN THE BAPTIST PARISH COUNCIL THAN MANAGEMENT’S DISCUSSION AND ANALYSIS LAPLACE, LOUISIANA SCHEDULE OF FUNDING PROGRESS OTHER POST EMPLOYMENT BENEFITS For the Year Ended December 31, 2012

Actuarial Actuarial Actuarial UAAL as a Valuation Value of Accrued Liability Unfunded AAL Funded Covered Percentage of Benefit Date Assets (AAL) Entry Age (UAAL) Ratio Payroll Covered Payroll

Medical 1/1/2012 - $ 20,215,999 $ 20,215,999 0%$ 8,990,889 224.85% Dental 1/1/2012 - 807,254 807,254 0% 8,990,889 8.98% Life 1/1/2012 - 312,905 312,905 0% 8,990,889 3.48%

Medical 1/1/2010 - 18,807,487 18,807,487 0% 7,869,200 239.00% Dental 1/1/2010 - 634,376 634,376 0% 7,869,200 8.06% Life 1/1/2010 - 390,797 390,797 0% 7,869,200 4.97%

Medical 1/1/2008 - 15,226,549 15,226,549 0% 7,741,600 196.68% Dental 1/1/2008 - 670,761 670,761 0% 7,741,600 8.66% Life 1/1/2008 - 174,698 174,698 0% 7,741,600 2.26%

74 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - FUND BALANCES - BUDGET AND ACTUAL - GENERAL FUND SALES TAX DISTRICT For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

Budgeted Amounts Variance with Budgeted Amounts Variance with Original Final Final Budget - Original Final Final Budget - Budget Budget Actual Positive (Negative) Budget Budget Actual Positive (Negative) Revenues Taxes: Revenues Ad valorem$ 1,929,242 $ 1,984,132 $ 1,984,132 $ - Taxes: Licenses and permits 1,650,700 1,657,503 1,657,504 1 Ad valorem $ - $ - Intergovernmental revenues: Sales and use$ 8,156,691 $ 8,737,316 $ 8,737,314 $ (2) Federal grants 185,000 315,692 315,692 - Other taxes and penalties - - - - State funds: Licenses and permits - - - - State revenue sharing 65,000 62,810 62,810 - Intergovernmental revenues: Other 104,000 114,533 114,533 - Federal grants - - - - Fees, charges, and commissions 151,600 111,800 111,800 - State funds: - - Interest Income 4,300 3,160 3,161 1 Parish transportation - - - - Other revenue 50,000 69,781 69,781 - Other - - - - Total Revenues 4,139,842 4,319,411 4,319,413 2 Fees, charges, and commissions - - - - Fines and forfeitures - - - - Expenditures Interest Income 31,000 41,775 41,775 - General government: Legislative 522,086 527,805 527,805 - Total Revenues 8,187,691 8,779,091 8,779,089 (2) Judicial 1,039,737 1,041,304 1,041,304 - Executive 759,716 984,210 984,360 (150) Expenditures General government: Elections 93,949 96,960 96,960 - Legislative - - - - Finance and administration 353,950 310,920 315,620 (4,700) Judicial - - - - Civil service 65,369 67,920 67,920 - Executive - - - - Building and plant 2,021,080 2,223,932 2,018,693 205,239 Elections - - - - Planning and zoning 636,238 667,765 667,765 - Finance and administration - 675 675 - Civil service - - - - Public safety 671,398 703,852 703,852 - Building and plant - - - - Health and welfare 185,000 176,524 383,306 (206,782) Planning and zoning - - - - Debt service Public safety - - - - Principal 1,173,087 1,173,674 937,001 236,673 Public works - - - - Interest - - 235,130 (235,130) Health and welfare - - - - Total Expenditures 7,521,610 7,974,866 7,979,716 (4,850) Economic development - - - - Culture & recreation - - - - Excess (Deficiency) of Revenues Debt service - - - - Over Expenditures (3,381,768) (3,655,455) (3,660,303) (4,848) Total Expenditures - 675 675 - Other Financing Sources (Uses) Transfers in 3,305,772 3,928,867 3,985,744 56,877 Excess (Deficiency) of Revenues Transfers out (117,000) (117,000) (117,000) - Over Expenditures 8,187,691 8,778,416 8,778,414 (2) Total Other Financing Sources (Uses) 3,188,772 3,811,867 3,868,744 56,877 Other Financing Sources (Uses) Excess (Deficiency) of Revenues Transfers out (10,480,156) (9,980,023) (9,980,023) - and Other Sources Over Expenditures and Other Uses (192,996) 156,412 208,441 52,029 Total Other Financing Sources (Uses) (10,480,156) (9,980,023) (9,980,023) -

Fund Balance, Beginning of Year 1,966,722 1,966,722 1,966,722 - Excess (Deficiency) of Revenues and Other Sources Over Fund Balance, End of Year $ 1,773,726 $ 2,123,134 $ 2,175,163 $ 52,029 Expenditures and Other Uses (2,292,465) (1,201,607) (1,201,609) (2)

Fund Balance, Beginning of Year 12,633,268 12,633,268 12,633,268 -

Fund Balance, End of Year $ 10,340,803 $ 11,431,661 $ 11,431,659 $ (2)

75 76 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - FUND BALANCES - BUDGET AND ACTUAL - ROADS AND BRIDGES HURRICANE ISAAC For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

Budgeted Amounts Variance with Budgeted Amounts Variance with Original Final Final Budget - Original Final Final Budget - Budget Budget Actual Positive (Negative) Budget Budget Actual Positive (Negative)

Revenues Revenues Taxes: Taxes: Sales and use$ 3,358,152 $ 3,571,505 $ 3,571,505 $ - Ad valorem$ - $ - $ - $ - Intergovernmental revenues: Sales and use - - - - Federal grants - 291,682 463,705 172,023 Other taxes and penalties - - - - State funds: Licenses and permits - - - - Parish transportation 500,000 527,795 527,795 - Intergovernmental revenues: Other 63,654 810,250 810,250 - Federal grants - 4,132,146 4,132,146 - Fees, charges, and commissions 125,624 190,451 190,451 - State funds: - Fines and forfeitures 23,500 54,688 54,688 - Parish transportation - - - - Interest Income 3,000 3,535 3,535 - Other - - - - Other revenue 23,555 125,069 125,069 - Fees, charges, and commissions - - - - Fines and forfeitures - - - - Total Revenues 4,097,485 5,574,975 5,746,998 172,023 Interest Income - - - - Other revenue - - - - Expenditures General government: Total Revenues - 4,132,146 4,132,146 - Legislative - - - - Judicial - - - - Expenditures Executive - - - - General government: Elections - - - - Legislative - - - - Finance and administration - - - - Judicial - - - - Civil service - - - - Executive - - - - Building and plant - - - - Elections - - - - Planning and zoning - - - - Finance and administration - - - - Public safety - - - - Civil service - - - - Public works 7,456,512 12,021,555 - 12,021,555 Building and plant - - - - Health and welfare - - - - Planning and zoning - - - - Economic development - - - - Public safety - - - - Culture & recreation - - 12,254,051 (12,254,051) Public works - - - - Debt service Health and welfare - - - - Principal - - - - Economic development - - - - Interest - - - - Culture & recreation - - - - Bond Issuance Costs - - - - Debt service Principal - - - - Total Expenditures 7,456,512 12,021,555 12,254,051 (232,496) Interest - - - - Bond Issuance Costs - - - - Excess (Deficiency) of Revenues Over Expenditures (3,359,027) (6,446,580) (6,507,053) (60,473) Total Expenditures - - - -

Other Financing Sources (Uses) Excess (Deficiency) of Revenues Transfers in 3,850,000 7,041,458 7,344,095 302,637 Over Expenditures - 4,132,146 4,132,146 - Transfers out (360,090) (360,090) (376,121) (16,031) Other Financing Sources (Uses) Total Other Financing Sources (Uses) 3,489,910 6,681,368 6,967,974 286,606 Sale of fixed assets - - - - Litigation settlement - - - - Excess (Deficiency) of Revenues Proceeds of debt issued - - - - and Other Sources Over Transfers in - - - - Expenditures and Other Uses 130,883 234,788 460,921 226,133 Transfers out - (4,132,146) (4,132,146) -

Fund Balance, Beginning of Year 1,732,130 1,732,130 1,732,130 - Total Other Financing Sources (Uses) - (4,132,146) (4,132,146) -

Fund Balance, End of Year $ 1,863,013 $ 1,966,918 $ 2,193,051 $ 226,133 Excess (Deficiency) of Revenues and Other Sources Over Expenditures and Other Uses - - - -

Fund Balance, Beginning of Year - - - -

Fund Balance, End of Year $ - $ - $ - $ -

77 78 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA NOTES TO REQUIRED SUPPLEMENTARY INFORMATION December 31, 2012

NOTE A - BUDGETARY BASIS OF ACCOUNTING

Budgets for the General Fund and each major Special Revenue Fund are adopted on the modified accrual basis of accounting. Therefore, GAAP serves as the budgetary basis of accounting.

(THIS PAGE IS INTENTIONALLY LEFT BLANK)

79 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA SCHEDULE OF COUNCIL MEMBERS AND PARISH PRESIDENT COMPENSATION For the Year Ended December 31, 2012

The schedule of compensation paid to the Parish President and Parish Councilmen is presented in compliance with House Concurrent Resolution No. 54 of the 1979 Session of the Louisiana Legislature. Compensation of the Parish Council is included in the legislative expenditures of the General Fund. In accordance with Louisiana Revised Statutes, at LSA-R.S. 33:1233, the Parish Council has elected the monthly payment method of compensation. Under this method, the OTHER SUPPLEMENTARY INFORMATION Councilmen receive approximately $686 per month. In March of 2012, the Council amended the Parish’s Travel Policy to provide Councilmen a monthly travel stipend between $300 and $400 in lieu of submitting reimbursement requests for travel expenses.

PARISH PRESIDENT AMOUNT

Natalie Robottom, Parish President $ 152,998 *

* Total compensation includes car allowance of $9,600.

PARISH COUNCIL

Lucien J. Gauff, III, Division A $ 12,230 Jaclyn Hotard, Division B 12,230 Art Smith, District I 12,042 Ranney Wilson, District II 11,041 Lennix Madere, Jr., District III 11,041 Marvin Perriloux, District IV 11,041 Michael P. Wright, District V 9,542 Larry Snyder, District VI 9,542 Cheryl Millet, District VII 8,230

Parish Council Total $ 96,939*

* Total compensation includes travel stipends of $21,000.

80 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NONMAJOR GOVERNMENTAL FUNDS NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

SPECIAL REVENUE FUNDS Communications District - The Communications District Fund accounts for the annual operation of the emergency 911 facility. Revenue is generated from the monthly 911 surcharge Special Revenue Funds account for the proceeds of specific revenues (other than special collected by local telephone companies along with interest income. assessments, expendable trusts, or revenues for major capital projects) that are legally restricted to expenditures for specific purposes. Civil Defense - The Civil Defense Fund provides the annual operations of the St. John Parish Department of Public Safety. Revenues are generated from an annual grant by Entergy, Inc. as Health Unit Tax - The Health Unit Tax Fund accounts for the operation and maintenance of the mandated by the Nuclear Regulatory Commission (NRC). In addition, funds are allocated by two health units in the Parish. Revenue is generated from a .99 mill Ad Valorem Tax along with Economic Development to match grant funding per the sales tax proposition. some state revenue sharing. The expenditures include a portion of the annual operation of the health units, as well as the quarterly billing for personal and environmental health services Street Lighting - The Street Lighting Fund accounts for the annual operations for parish-wide performed in the Parish by the State Department of Health & Hospitals. street lighting. The revenue is generated from 4.94 mills, along with some state revenue sharing funds. The expenditures consist of the cost for lighting public streets, as well as other annual ARC Maintenance Fund - The ARC Maintenance Fund assists in the annual maintenance for operating expenditures. the ARC Center. The revenue is generated from a 1.00 mill Ad Valorem Tax. Land Escrow – This fund is used to account for the proceeds of the sale of land by the Parish. Juvenile Detention Center - The Juvenile Detention Center Fund provides for the housing of St. Revenue generated is from interest earned on the escrow account and any sales of land. John the Baptist Parish juvenile offenders in juvenile detention facilities in other Parishes. The revenue is generated from a .99 mill Ad Valorem Tax. The major expenditure is the housing of Volunteer Fire Departments - These funds account for the annual operation of the four juveniles outside St. John the Baptist Parish. volunteer fire departments within St. John the Baptist Parish. The revenue is generated from a ¼ % sales tax for the fire departments along with a 2% fire insurance rebate. Ambulance Fund - The Ambulance Fund accounts for annual emergency ambulance services for St. John the Baptist Parish. The revenue is generated from a service charge on residents’ Fire Services Fund - In May 2003, the voters of St. John the Baptist Parish passed a .25 cent monthly utility bills. The major expenditure for this fund is the private contract services for sales tax for a partially paid fire department. This fund will account for the cost associated with parish-wide EMS. the paid personnel for the fire departments.

Convention Center Fund - Revenue is generated from a dedicated 2.97% sales tax charged on Criminal Court - The Criminal Court Fund accounts for a portion of the annual cost of the the hotel/motel occupancy of lodging in St. John the Baptist Parish. The revenue is dedicated to courts. The annual revenues are derived from fines, forfeitures, court fees, etc. the construction and maintenance of a Civic Center. Recreation Fund - The Recreation Fund accounts for recreational expenses of the Parish which Senior Citizen Tax -The Senior Citizen Tax Fund assists in the annual maintenance of the consist primarily of maintaining the park grounds and the summer youth program. The revenue Senior Citizen Center. The revenue is generated from a .99 mill ad valorem tax. is generated primarily from video poker revenue. Although this fund was created in 2005, the funds were previously accounted for in the General Fund. Economic Development - The Economic Development Fund accounts for the promotion of economic growth in St. John the Baptist Parish. Revenue is generated from a 3/8% sales tax. CDBG Fund – This fund is used to account for the Federal CDBG program. The revenue is generated from Federal grant funds. Airport Authority - The Airport Authority Fund accounts for the annual operation of the St. John the Baptist Parish Airport. The revenues are generated from the retail sale of goods and Animal Shelter Fund – This fund is used to account for the annual operation of the animal services to the facility users, such as fuel, storage, and miscellaneous equipment. Funds are also shelter facility. The revenue is generated from a .750 mill ad valorem tax. allocated from Economic Development to assist in the annual operations of the facility. Health & Human Services Fund – This fund is used to account for various grants and other revenues used to provide food, housing and utility assistance to needy residents in the Parish.

81 82 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

DEBT SERVICE FUNDS revenues collected from the one-cent sewer sales tax in excess of $4 million should be escrowed for future use. Funds have been transferred into this fund from the Sales Tax District on an annual The Debt Service Funds are used to accumulate monies for the payment of principal, interest, and basis to complete various sewer improvement projects. fiscal charges on the Parish’s general obligation and special tax bonds. 2009 General Obligation Bond Construction Fund - The fund was created by a 2009 bond Parishwide Sewer Sales Tax Reserve Fund - This fund accounts for the reserving of funds as issuance for the purpose of funding construction of various capital projects. prescribed by law for any one year’s principal and interest payments for sewer bonds.

Parishwide Sewer Sales Tax Sinking Fund - This fund accounts for the annual payment of principal and interest on sewer bond debt. The Sales Tax District transfers on a monthly basis the funds to cover these payments.

Economic Development Sales Tax Reserve Fund - This fund accounts for the reserving of funds as prescribed by law for any one year’s principal and interest payments for economic development bonds.

Economic Development Sales Tax Sinking Fund - This fund accounts for the annual payment of principal and interest on economic development bond debt. The Economic Development Fund transfers on a monthly basis the funds to cover these payments.

WVFD Fire Protection Reserve Fund - This fund accounts for the reserving of funds as prescribed by law for any one year’s principal and interest payments for the WVFD sales tax bonds.

WVFD Fire Protection Sinking Fund - This fund accounts for the annual payment of principal and interest on the WVFD sales tax bond debt. The WVFD operating fund transfers on a monthly basis the funds to cover these payments.

CAPITAL PROJECTS FUNDS

The Capital Projects Funds are used to account for all resources and expenditures in connection with the acquisition, renovation, and improvements of capital facilities other than those financed by proprietary funds.

2002 General Obligation Bond Construction Fund - The fund was created by a 2002 bond issuance for the purpose of funding construction of various capital projects.

2004 Water General Obligation Bond Construction Fund - The fund was created in 2004 for the purpose of funding construction of various water department projects.

Bond Series 1990 Parishwide Sewerage Construction Phase II Fund - The fund was created in 1990 to fund sewer capital improvements. After the funds from the bond issues had been extinguished, the fund was kept pursuant to Council Resolution 98-28, which states that any

83 84 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS December 31, 2012

Special Revenue

Juvenile Senior Health ARC Detention Convention Citizens Unit Tax Maintenance Center Ambulance Center Tax

Assets (THIS PAGE IS INTENTIONALLY LEFT BLANK) Cash and cash equivalents$ 468,486 $ 258,700 $ 792,177 $ 680 $ 627,245 $ 5,013 Investments ------Inventory ------Receivables, net Accounts - - 19,775 11,087 - - Ad valorem taxes 375,663 379,576 391,275 - - 387,394 Sales & Use ------Interest ------Other ------Due from other funds - - - 64,603 - - Due from component unit ------Due from other governments 16,387 - - - - - Prepaid items ------Other assets ------Restricted assets ------

Total Assets$ 860,536 $ 638,276 $ 1,203,227 $ 76,370 $ 627,245 $ 392,407

Liabilities and Fund Balance Liabilities Accounts and salaries payable$ 3,036 $ 61,993 $ 10,813 $ 26,276 $ 2,871 $ - Cash overdraft ------Contracts payable ------Estimated claims payable ------Due to other funds 9,830 - 3,844 - 10,230 - Due to component units ------Due to other governments - - - - - 206,400 Capital leases payable ------Loans payable ------Notes Payable ------Bonds payable ------Other Liabilities - - - - 13,935 -

Total liabilities 12,866 61,993 14,657 26,276 27,036 206,400

Fund balance Nonspendable ------Restricted 847,670 576,283 1,188,570 - - 186,007 Committed - - - 50,094 600,209 - Assigned ------Unassigned ------

Total fund balance 847,670 576,283 1,188,570 50,094 600,209 186,007

Total Liabilities and Fund Balance$ 860,536 $ 638,276 $ 1,203,227 $ 76,370 $ 627,245 $ 392,407

(Continued) 85 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) December 31, 2012

Special Revenue Special Revenue LaPlace Reserve Westbank Garyville Commun- Volunteer Volunteer Volunteer Volunteer Economic Airport ication Civil Street Land Fire Fire Fire Fire Fire Criminal Recreation Animal Development Authority District Defense Lighting Escrow Department Department Department Department Services Court Fund CDBG Shelter

Assets $ 2,140,183 $ 62,012 $ 1,939,791 $ 587,010 $ 1,136,819 $ 30,024 $ 3,570,402 $ 671,002 $ 423,455 Cash and cash equivalents$ 313,332 $ 3,477,276 $ 632,565 $ 42,501 $ - $ 790 ------Investments ------Inventory ------Receivables, net 75,387 - 100,860 ------Accounts - - 45,906 3,015 506,832 - - - - - 1,444,188 - - - - Ad valorem taxes - - - 850,795 - 293,184 623,679 - - - - - 207,891 88,978 59,457 Sales & Use 59,457 415,784 ------Interest ------14,538 ------Other - - - 117,825 - - 4,509 - - 46,716 5,600 - 3,492 - - Due from other funds - 57,361 - 5,195 ------Due from component unit ------780 - - 49,215 20,823 - 1,045 1,560 - Due from other governments 922 ------3,420 15,485 ------Prepaid items ------Other assets ------Restricted assets ------

$ 2,844,538 $ 79,970 $ 2,056,136 $ 682,941 $ 2,607,430 $ 30,024 $ 3,782,830 $ 761,540 $ 482,912 Total Assets$ 373,711 $ 3,950,421 $ 678,471 $ 1,019,331 $ 506,832 $ 293,974

Liabilities and Fund Balance Liabilities $ 76,941 $ 2,782 $ 6,599 $ 24,076 $ 142,700 $ - $ 44,793 $ 23,198 $ 18,531 Accounts and salaries payable$ 26,879 $ 42,338 $ 134,608 $ 36,293 $ 57,697 $ ------Cash overdraft ------Contracts payable ------Estimated claims payable ------201 - 10,449 497 - - 3,945 1,688 1,128 Due to other funds 1,128 28,182 - 19,860 449,136 ------Due to component units ------Due to other governments ------Capital leases payable ------Loans payable ------Notes Payable ------Bonds payable ------Other Liabilities - - - - 5,029 -

77,142 2,782 17,048 24,573 142,700 - 48,738 24,886 19,659 Total liabilities 28,007 70,520 134,608 56,153 511,862 -

Fund balance - 3,420 15,485 ------Nonspendable ------2,767,396 - - - 2,464,730 - 3,734,092 736,654 463,253 Restricted 345,704 3,879,901 - 963,178 (5,030) - - 73,768 2,023,603 658,368 - 30,024 - - - Committed - - 543,863 - - 293,974 ------Assigned ------Unassigned ------

2,767,396 77,188 2,039,088 658,368 2,464,730 30,024 3,734,092 736,654 463,253 Total fund balance 345,704 3,879,901 543,863 963,178 (5,030) 293,974

$ 2,844,538 $ 79,970 $ 2,056,136 $ 682,941 $ 2,607,430 $ 30,024 $ 3,782,830 $ 761,540 $ 482,912 Total Liabilities and Fund Balance$ 373,711 $ 3,950,421 $ 678,471 $ 1,019,331 $ 506,832 $ 293,974

(Continued) 86 87 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) December 31, 2012

Special Revenue Debt Service Capital Projects Parishwide Parishwide Economic Economic WVFD WVFD 2004 Water 1990 PW 2009 Total Sewerage Sewerage Development Development Fire Fire Total 2002 General General Sewerage General Total Total Nonmajor Health & Special Sales Tax Sales Tax Sales Tax Sales Tax Protection Protection Debt Obligation Bond Obligation Construction Obligation Capital Governmental Human Services Revenue Reserve Sinking Reserve Sinking Reserve Sinking Service Construction Construction Phase II Bond Projects Funds

Assets $ 230,596 $ 17,410,059 $ 1,422,142 $ 454,557 $ 391,141 $ 102,396 $ 272,419 $ 204,203 $ 2,846,858 Cash and cash equivalents$ 90,150 $ - $ 221,273 $ 9,040,909 $ 9,352,332 $ 29,609,249 ------Investments ------Inventory ------Receivables, net - 762,862 ------Accounts - - - - - 762,862 - 4,122,075 ------Ad valorem taxes - - - - - 4,122,075 - 1,455,246 ------Sales & Use - - - - - 1,455,246 ------Interest ------132,363 ------Other - - - - - 132,363 - 187,476 ------Due from other funds - - 100,000 - 100,000 287,476 ------Due from component unit ------44,613 135,345 ------Due from other governments - - 43,830 - 43,830 179,175 - 18,905 ------Prepaid items - - - - - 18,905 ------Other assets ------Restricted assets ------

$ 275,209 $ 24,224,331 $ 1,422,142 $ 454,557 $ 391,141 $ 102,396 $ 272,419 $ 204,203 $ 2,846,858 Total Assets$ 90,150 $ - $ 365,103 $ 9,040,909 $ 9,496,162 $ 36,567,351

Liabilities and Fund Balance Liabilities $ 4,359 $ 746,783 $ - $ - $ - $ - $ - $ - $ - Accounts and salaries payable$ - $ - $ 43,830 $ 127,594 $ 171,424 $ 918,207 - - - Cash overdraft ------Contracts payable 8,129 - 25,311 147,770 181,210 181,210 ------Estimated claims payable ------111,048 651,166 ------Due to other funds - - - - - 651,166 ------Due to component units ------28,792 235,192 ------Due to other governments - - - - - 235,192 ------Capital leases payable ------Loans payable ------Notes Payable ------Bonds payable ------18,964 ------Other Liabilities - - - - - 18,964

144,199 1,652,105 ------Total liabilities 8,129 - 69,141 275,364 352,634 2,004,739

Fund balance - 18,905 ------Nonspendable - - - - - 18,905 131,010 18,279,418 1,422,142 454,557 391,141 102,396 272,419 204,203 2,846,858 Restricted - - - - - 21,126,276 - 4,273,903 ------Committed 82,021 - 295,962 8,765,545 9,143,528 13,417,431 ------Assigned ------Unassigned ------

131,010 22,572,226 1,422,142 454,557 391,141 102,396 272,419 204,203 2,846,858 Total fund balance 82,021 - 295,962 8,765,545 9,143,528 34,562,612

$ 275,209 $ 24,224,331 $ 1,422,142 $ 454,557 $ 391,141 $ 102,396 $ 272,419 $ 204,203 $ 2,846,858 Total Liabilities and Fund Balance$ 90,150 $ - $ 365,103 $ 9,040,909 $ 9,496,162 $ 36,567,351

(Continued) 88 89 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS

Special Revenue

Juvenile Senior Health ARC Detention Convention Citizens Economic Revenues Unit Tax Maintenance Center Ambulance Center Tax Development (THIS PAGE IS INTENTIONALLY LEFT BLANK) Taxes: Ad valorem$ 375,276 $ 379,185 $ 390,912 $ - $ - $ 387,002 $ - Sales and use ------3,571,505 Other taxes and penalties ------Licenses and permits ------Intergovernmental revenues: Federal grants 15,200 - 6,300 - 26,973 - 215,979 State funds: Parish transportation ------State revenue sharing 16,390 ------Other - - - - 250,000 - - Fees, charges, and commissions - - - 301,812 142,100 - - Fines and forfeitures ------Interest Income 2,295 1,783 4,105 23 2,044 81 20,094 Other revenue - - 19,775 1,166 - - 17,066

Total Revenues 409,161 380,968 421,092 303,001 421,117 387,083 3,824,644

Expenditures General government: Legislative ------Judicial ------Executive ------Elections ------Finance and administration ------Civil service ------Building and plant ------Planning and zoning ------Public safety - - 187,113 308,427 - - - Public works ------Health and welfare 224,953 307,850 - - - 370,000 - Economic development ------1,245,229 Transportation ------Culture & recreation - - - - 183,727 - - Debt service Principal ------Interest ------Bond Issuance Costs ------

Total Expenditures 224,953 307,850 187,113 308,427 183,727 370,000 1,245,229

Excess (Deficiency) of Revenues Over Expenditures 184,208 73,118 233,979 (5,426) 237,390 17,083 2,579,415

Other Financing Sources (Uses) Sale of capital assets ------Proceeds of debt issued ------Issuance of refunding bonds ------Premium on debt issuance ------Payment to refunded bond escrow agent ------Transfers in ------14,509 Transfers out (15,000) - (15,000) - (103,400) - (2,826,568)

Total Other Financing Sources (Uses) (15,000) - (15,000) - (103,400) - (2,812,059)

Excess (Deficiency) of Revenues and Other Sources Over Expenditures and Other Uses 169,208 73,118 218,979 (5,426) 133,990 17,083 (232,644)

Fund Balance, Beginning of Year 678,462 503,165 969,591 55,520 466,219 168,924 3,000,040

Fund Balance, End of Year $ 847,670 $ 576,283 $ 1,188,570 $ 50,094 $ 600,209 $ 186,007 $ 2,767,396

90 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) December 31, 2012 Special Revenue Special Revenue LaPlace Reserve Westbank Garyville Commun- Volunteer Volunteer Volunteer Volunteer Total Airport ication Civil Street Land Fire Fire Fire Fire Fire Criminal Recreation Animal Health & Special Authority District Defense Lighting Escrow Department Department Department Department Services Revenues Court Fund CDBG Shelter Human Services Revenue Taxes: $ - $ - $ - $ 1,492,316 $ - $ - $ - $ - $ - $ - Ad valorem$ - $ 853,166 $ - $ 293,974 $ - $ 4,171,831 - - - - - 1,190,494 509,531 340,481 340,481 2,380,904 Sales and use - - - - - 8,333,396 ------Other taxes and penalties - 592,508 - - - 592,508 ------Licenses and permits ------Intergovernmental revenues: - - 61,529 3,372 ------Federal grants - 6,687 525,594 - 542,770 1,404,404 State funds: ------Parish transportation ------20,829 ------State revenue sharing - - - - - 37,219 19,852 - 152,852 - - 100,102 33,484 12,216 10,278 - Other - - - - 3,662 582,446 73,330 510,403 ------Fees, charges, and commissions 67,961 68,425 - - 5,741 1,169,772 ------Fines and forfeitures 2,082,292 - - - - 2,082,292 322 8,396 2,492 7,054 121 15,035 22,125 1,899 1,343 18,012 Interest Income 3,930 419 - - 663 112,236 - 19,354 157,644 - - 81,742 - 5,825 14,944 10,409 Other revenue - 46,789 - - 1,840 376,554

93,504 538,153 374,517 1,523,571 121 1,387,373 565,140 360,421 367,046 2,409,325 Total Revenues 2,154,183 1,567,994 525,594 293,974 554,676 18,862,658

Expenditures General government: ------Legislative ------Judicial 2,176,139 - - - - 2,176,139 ------Executive ------Elections ------Finance and administration - - 530,624 - - 530,624 ------Civil service ------Building and plant ------1 - - - - - Planning and zoning - - - - - 1 - 269,995 414,562 - - 683,525 251,658 232,243 185,039 3,105,974 Public safety - - - - - 5,638,536 ------Public works ------Health and welfare - - - - 590,796 1,493,599 105,524 ------Economic development - - - - - 1,350,753 - - - 1,213,964 ------Transportation - - - - - 1,213,964 ------Culture & recreation - 772,771 - - - 956,498 Debt service - 45,458 - - - 98,401 60,278 - 34,583 - Principal - - - - - 238,720 - 4,745 - - - 10,811 8,213 - 10,083 - Interest - - - - - 33,852 ------Bond Issuance Costs ------

105,524 320,198 414,562 1,213,964 1 792,737 320,149 232,243 229,705 3,105,974 Total Expenditures 2,176,139 772,771 530,624 - 590,796 13,632,686

Excess (Deficiency) of Revenues (12,020) 217,955 (40,045) 309,607 120 594,636 244,991 128,178 137,341 (696,649) Over Expenditures (21,956) 795,223 (5,030) 293,974 (36,120) 5,229,972

Other Financing Sources (Uses) ------Sale of capital assets ------Proceeds of debt issued ------Issuance of refunding bonds ------Premium on debt issuance ------Payment to refunded bond escrow agent ------94,330 5,600 - 3,492 - - - 56,865 Transfers in - 95,195 - - 117,000 386,991 (3,206) - (3,206) (120,000) - (2,373) (137,559) (118,132) (130,903) (4,867) Transfers out - - - - - (3,480,214)

Total Other Financing Sources (3,206) - 91,124 (114,400) - 1,119 (137,559) (118,132) (130,903) 51,998 (Uses) - 95,195 - - 117,000 (3,093,223)

Excess (Deficiency) of Revenues and Other Sources Over (15,226) 217,955 51,079 195,207 120 595,755 107,432 10,046 6,438 (644,651) Expenditures and Other Uses (21,956) 890,418 (5,030) 293,974 80,880 2,136,749

92,414 1,821,133 607,289 2,269,523 29,904 3,138,337 629,222 453,207 339,266 4,524,552 Fund Balance, Beginning of Year 565,819 72,760 - - 50,130 20,435,477

$ 77,188 $ 2,039,088 $ 658,368 $ 2,464,730 $ 30,024 $ 3,734,092 $ 736,654 $ 463,253 $ 345,704 $ 3,879,901 Fund Balance, End of Year $ 543,863 $ 963,178 $ (5,030) $ 293,974 $ 131,010 $ 22,572,226

91 92 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS (CONTINUED) December 31, 2012 Debt Service Capital Projects Parishwide Parishwide Economic Economic WVFD WVFD 2002 2004 Water 1990 PW 2009 Sewerage Sewerage Development Development Fire Fire Total General General Sewerage General Total Total Nonmajor Sales Tax Sales Tax Sales Tax Sales Tax Protection Protection Debt Obligation Bond Obligation Construction Obligation Capital Governmental Reserve Sinking Reserve Sinking Reserve Sinking Service Revenues Construction Construction Phase II Bond Projects Funds Taxes: $ - $ - $ - $ - $ - $ - $ - Ad valorem$ - $ - $ - $ - $ - $ 4,171,831 ------Sales and use - - - - - 8,333,396 ------Other taxes and penalties - - - - - 592,508 ------Licenses and permits ------Intergovernmental revenues: ------Federal grants - - - 50,000 50,000 1,454,404 State funds: ------Parish transportation ------State revenue sharing - - - - - 37,219 ------Other - - - 13,049 13,049 595,495 ------Fees, charges, and commissions - - - - - 1,169,772 ------Fines and forfeitures - - - - - 2,082,292 5,750 4,817 1,608 794 1,250 541 14,760 Interest Income 873 - 951 39,929 41,753 168,749 ------Other revenue - 40,000 - - 40,000 416,554

5,750 4,817 1,608 794 1,250 541 14,760 Total Revenues 873 40,000 951 102,978 144,802 19,022,220

Expenditures General government: ------Legislative ------Judicial - - - - - 2,176,139 ------Executive ------Elections ------Finance and administration - - - - - 530,624 ------Civil service ------Building and plant ------Planning and zoning - - - - - 1 ------Public safety - - - - - 5,638,536 ------Public works 27,434 - 354,229 1,987,929 2,369,592 2,369,592 ------Health and welfare - - - - - 1,493,599 ------Economic development - - - - - 1,350,753 ------Transportation - - - - - 1,213,964 ------Culture & recreation - - - - - 956,498 Debt service - 1,830,000 - 230,000 - 170,000 2,230,000 Principal - - - - - 2,468,720 - 700,959 - 34,918 - 63,187 799,064 Interest - - - - - 832,916 ------Bond Issuance Costs ------

- 2,530,959 - 264,918 - 233,187 3,029,064 Total Expenditures 27,434 - 354,229 1,987,929 2,369,592 19,031,342

Excess (Deficiency) of Revenues 5,750 (2,526,142) 1,608 (264,124) 1,250 (232,646) (3,014,304) Over Expenditures (26,561) 40,000 (353,278) (1,884,951) (2,224,790) (9,122)

Other Financing Sources (Uses) ------Sale of capital assets ------Proceeds of debt issued - - 198,931 - 198,931 198,931 - - - - - Issuance of refunding bonds ------Premium on debt issuance ------Payment to refunded bond escrow age ------2,530,023 - 311,568 - 232,143 3,073,734 Transfers in - - 200,000 527,000 727,000 4,187,725 (10,000) - (10,000) - - - (20,000) Transfers out (527,000) - - - (527,000) (4,027,214)

Total Other Financing Sources (10,000) 2,530,023 (10,000) 311,568 - 232,143 3,053,734 (Uses) (527,000) - 398,931 527,000 398,931 359,442

Excess (Deficiency) of Revenues and Other Sources Over (4,250) 3,881 (8,392) 47,444 1,250 (503) 39,430 Expenditures and Other Uses (553,561) 40,000 45,653 (1,357,951) (1,825,859) 350,320

1,426,392 450,676 399,533 54,952 271,169 204,706 2,807,428 Fund Balance, Beginning of Year 635,582 (40,000) 250,309 10,123,496 10,969,387 34,212,292

$ 1,422,142 $ 454,557 $ 391,141 $ 102,396 $ 272,419 $ 204,203 $ 2,846,858 Fund Balance, End of Year $ 82,021 $ - $ 295,962 $ 8,765,545 $ 9,143,528 $ 34,562,612

93 94 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - IN FUND BALANCES - BUDGET AND ACTUAL - HEALTH UNIT TAX ARC MAINTENANCE For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

Budgeted Amounts Variance with Budgeted Amounts Variance with Original Final Final Budget - Original Final Final Budget - Budget Budget Actual Positive (Negative) Budget Budget Actual Positive (Negative)

Revenues Revenues Taxes: Taxes: Ad valorem$ 363,870 $ 375,276 $ 375,276 $ - Ad valorem$ 367,662 $ 379,185 $ 379,185 $ - Sales and use - - - - Sales and use - - - - Other taxes and penalties - - - - Other taxes and penalties - - - - Licenses and permits - - - - Licenses and permits - - - - Intergovernmental revenues: Intergovernmental revenues: Federal grants - 15,200 15,200 - Federal grants - - - - State funds: State funds: Parish transportation - - - - Parish transportation - - - - State revenue sharing 17,000 16,390 16,390 - State revenue sharing - - - - Other - - - - Other - - - - Fees, charges, and commissions - - - - Fees, charges, and commissions - - - - Fines and forfeitures - - - - Fines and forfeitures - - - - Interest Income 2,400 2,295 2,295 - Interest Income 3,200 1,783 1,783 - Other revenue - - - - Other revenue - - - -

Total Revenues 383,270 409,161 409,161 - Total Revenues 370,862 380,968 380,968 -

Expenditures Expenditures General government: General government: Legislative - - - - Legislative - - - - Judicial - - - - Judicial - - - - Executive - - - - Executive - - - - Elections - - - - Elections - - - - Finance and administration - - - - Finance and administration - - - - Civil service - - - - Civil service - - - - Building and plant - - - - Building and plant - - - - Planning and zoning - - - - Planning and zoning - - - - Public safety - - - - Public safety - - - - Public works - - - - Public works - - - - Health and welfare 294,053 224,949 224,953 (4) Health and welfare 326,200 307,850 307,850 - Economic development - - - - Economic development - - - - Culture & recreation - - - - Culture & recreation - - - - Debt service - - - - Debt service - - - -

Total Expenditures 294,053 224,949 224,953 (4) Total Expenditures 326,200 307,850 307,850 -

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues Over Expenditures 89,217 184,212 184,208 (4) Over Expenditures 44,662 73,118 73,118 -

Other Financing Sources (Uses) Other Financing Sources (Uses) Transfers in - - - - Transfers in - - - - Transfers out (15,000) (15,000) (15,000) - Transfers out - - - -

Total Other Financing Sources (Uses) (15,000) (15,000) (15,000) - Total Other Financing Sources (Uses) - - - -

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues and Other Sources Over and Other Sources Over Expenditures and Other Uses 74,217 169,212 169,208 (4) Expenditures and Other Uses 44,662 73,118 73,118 -

Fund Balance, Beginning of Year 678,460 678,460 678,462 2 Fund Balance, Beginning of Year 503,166 503,166 503,165 (1)

Fund Balance, End of Year $ 752,677 $ 847,672 $ 847,670 $ (2) Fund Balance, End of Year $ 547,828 $ 576,284 $ 576,283 $ (1)

95 96 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - IN FUND BALANCES - BUDGET AND ACTUAL - JUVENILE DETENTION CENTER AMBULANCE For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

Budgeted Amounts Variance with Budgeted Amounts Variance with Original Final Final Budget - Original Final Final Budget - Budget Budget Actual Positive (Negative) Budget Budget Actual Positive (Negative)

Revenues Revenues Taxes: Taxes: Ad valorem$ 379,476 $ 390,912 $ 390,912 $ - Ad valorem$ - $ - $ - $ - Sales and use - - - - Sales and use - - - - Other taxes and penalties - - - - Other taxes and penalties - - - - Licenses and permits - - - - Licenses and permits - - - - Intergovernmental revenues: Intergovernmental revenues: Federal grants - 6,300 6,300 - Federal grants - - - - State funds: State funds: Parish transportation - - - - Parish transportation - - - - State revenue sharing - - - - State revenue sharing - - - - Other - 19,775 - (19,775) Other - - - - Fees, charges, and commissions - - - - Fees, charges, and commissions 282,756 301,812 301,812 - Fines and forfeitures - - - - Fines and forfeitures - - - - Interest Income 3,850 4,105 4,105 - Interest Income 400 23 23 - Other revenue - - 19,775 19,775 Other revenue 300 1,166 1,166 -

Total Revenues 383,326 421,092 421,092 - Total Revenues 283,456 303,001 303,001 -

Expenditures Expenditures General government: General government: Legislative - - - - Legislative - - - - Judicial - - - - Judicial - - - - Executive - - - - Executive - - - - Elections - - - - Elections - - - - Finance and administration - - - - Finance and administration - - - - Civil service - - - - Civil service - - - - Building and plant - - - - Building and plant - - - - Planning and zoning - - - - Planning and zoning - - - - Public safety 490,000 187,112 187,113 (1) Public safety 308,426 308,426 308,427 (1) Public works - - - - Public works - - - - Health and welfare - - - - Health and welfare - - - - Economic development - - - - Economic development - - - - Culture & recreation - - - Culture & recreation - - - - Debt service - - - Debt service - - - -

Total Expenditures 490,000 187,112 187,113 (1) Total Expenditures 308,426 308,426 308,427 (1)

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues Over Expenditures (106,674) 233,980 233,979 (1) Over Expenditures (24,970) (5,425) (5,426) (1)

Other Financing Sources (Uses) Other Financing Sources (Uses) Transfers in - - - - Transfers in - - - - Transfers out (15,000) (15,000) (15,000) - Transfers out (10,000) - - -

Total Other Financing Sources (Uses) (15,000) (15,000) (15,000) - Total Other Financing Sources (Uses) (10,000) - - -

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues and Other Sources Over and Other Sources Over Expenditures and Other Uses (121,674) 218,980 218,979 (1) Expenditures and Other Uses (34,970) (5,425) (5,426) (1)

Fund Balance, Beginning of Year 969,591 969,591 969,591 - Fund Balance, Beginning of Year 55,520 55,520 55,520 -

Fund Balance, End of Year $ 847,917 $ 1,188,571 $ 1,188,570 $ (1) Fund Balance, End of Year $ 20,550 $ 50,095 $ 50,094 $ (1)

97 98 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - IN FUND BALANCES - BUDGET AND ACTUAL - CONVENTION CENTER SENIOR CITIZENS TAX For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

Budgeted Amounts Variance with Budgeted Amounts Variance with Original Final Final Budget - Original Final Final Budget - Budget Budget Actual Positive (Negative) Budget Budget Actual Positive (Negative)

Revenues Revenues Taxes: Taxes: Ad valorem$ - $ - $ - $ - Ad valorem$ 375,245 $ 387,002 $ 387,002 $ - Sales and use - - - - Sales and use - - - - Other taxes and penalties - - - - Other taxes and penalties - - - - Licenses and permits - - - - Licenses and permits - - - - Intergovernmental revenues: Intergovernmental revenues: Federal grants - 26,973 26,973 - Federal grants - - - - State funds: State funds: Parish transportation - - - - Parish transportation - - - - State revenue sharing - - - - State revenue sharing - - - - Other 130,000 250,000 250,000 - Other - - - - Fees, charges, and commissions 150,000 142,100 142,100 - Fees, charges, and commissions - - - - Fines and forfeitures - - - - Fines and forfeitures - - - - Interest Income 1,000 2,044 2,044 - Interest Income 125 81 81 - Other revenue - - - - Other revenue - - - -

Total Revenues 281,000 421,117 421,117 - Total Revenues 375,370 387,083 387,083 -

Expenditures Expenditures General government: General government: Legislative - - - - Legislative - - - - Judicial - - - - Judicial - - - - Executive - - - - Executive - - - - Elections - - - - Elections - - - - Finance and administration - - - - Finance and administration - - - - Civil service - - - - Civil service - - - - Building and plant - - - - Building and plant - - - - Planning and zoning - - - - Planning and zoning - - - - Public safety - - - - Public safety - - - - Public works - - - - Public works - - - - Health and welfare - - - - Health and welfare 370,000 370,000 370,000 - Economic development - - - - Economic development - - - - Culture & recreation 199,470 167,275 183,727 (16,452) Culture & recreation - - - - Debt service - - - - Debt service - - - -

Total Expenditures 199,470 167,275 183,727 (16,452) Total Expenditures 370,000 370,000 370,000 -

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues Over Expenditures 81,530 253,842 237,390 (16,452) Over Expenditures 5,370 17,083 17,083 -

Other Financing Sources (Uses) Other Financing Sources (Uses) Transfers in 30,000 - - - Transfers in - - - - Transfers out (103,400) (103,400) (103,400) - Transfers out - - - -

Total Other Financing Sources (Uses) (73,400) (103,400) (103,400) - Total Other Financing Sources (Uses) - - - -

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues and Other Sources Over and Other Sources Over Expenditures and Other Uses 8,130 150,442 133,990 (16,452) Expenditures and Other Uses 5,370 17,083 17,083 -

Fund Balance, Beginning of Year 466,219 466,219 466,219 - Fund Balance, Beginning of Year 168,923 168,923 168,924 1

Fund Balance, End of Year $ 474,349 $ 616,661 $ 600,209 $ (16,452) Fund Balance, End of Year $ 174,293 $ 186,006 $ 186,007 $ 1

99 100 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - IN FUND BALANCES - BUDGET AND ACTUAL - ECONOMIC DEVELOPMENT AIRPORT AUTHORITY For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

Budgeted Amounts Variance with Budgeted Amounts Variance with Original Final Final Budget - Original Final Final Budget - Budget Budget Actual Positive (Negative) Budget Budget Actual Positive (Negative)

Revenues Revenues Taxes: Taxes: Ad valorem$ - $ - $ - $ - Ad valorem$ - $ - $ - $ - Sales and use 3,358,152 3,571,505 3,571,505 - Sales and use - - - - Other taxes and penalties - - - - Other taxes and penalties - - - - Licenses and permits - - - - Licenses and permits - - - - Intergovernmental revenues: Intergovernmental revenues: Federal grants - - 215,979 215,979 Federal grants - - - - State funds: State funds: Parish transportation - - - - Parish transportation - - - - State revenue sharing - - - - State revenue sharing - - - - Other - - - - Other - 19,852 19,852 - Fees, charges, and commissions - - - - Fees, charges, and commissions 86,305 73,330 73,330 - Fines and forfeitures - - - - Fines and forfeitures - - - - Interest Income 22,034 20,094 20,094 - Interest Income 400 322 322 - Other revenue 181,797 233,045 17,066 (215,979) Other revenue - - - -

Total Revenues 3,561,983 3,824,644 3,824,644 - Total Revenues 86,705 93,504 93,504 -

Expenditures Expenditures General government: General government: Legislative - - - - Legislative - - - - Judicial - - - - Judicial - - - - Executive - - - - Executive - - - - Elections - - - - Elections - - - - Finance and administration - - - - Finance and administration - - - - Civil service - - - - Civil service - - - - Building and plant - - - - Building and plant - - - - Planning and zoning - - - - Planning and zoning - - - - Public safety - - - - Public safety - - - - Public works - - - - Public works - - - - Health and welfare - - - - Health and welfare - - - - Economic development 1,438,184 1,245,229 1,245,229 - Economic development 106,305 108,732 105,524 3,208 Culture & recreation - - - - Culture & recreation - - - - Debt service - - - - Debt service - - - -

Total Expenditures 1,438,184 1,245,229 1,245,229 - Total Expenditures 106,305 108,732 105,524 3,208

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues Over Expenditures 2,123,799 2,579,415 2,579,415 - Over Expenditures (19,600) (15,228) (12,020) 3,208

Other Financing Sources (Uses) Other Financing Sources (Uses) Transfers in 10,000 14,509 14,509 - Transfers in - - - - Transfers out (2,856,568) (2,826,568) (2,826,568) - Transfers out - - (3,206) (3,206)

Total Other Financing Sources (Uses) (2,846,568) (2,812,059) (2,812,059) - Total Other Financing Sources (Uses) - - (3,206) (3,206)

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues and Other Sources Over and Other Sources Over Expenditures and Other Uses (722,769) (232,644) (232,644) - Expenditures and Other Uses (19,600) (15,228) (15,226) 2

Fund Balance, Beginning of Year 3,000,040 3,000,040 3,000,040 - Fund Balance, Beginning of Year 92,414 92,414 92,414 -

Fund Balance, End of Year $ 2,277,271 $ 2,767,396 $ 2,767,396 $ - Fund Balance, End of Year $ 72,814 $ 77,186 $ 77,188 $ 2

101 102 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - IN FUND BALANCES - BUDGET AND ACTUAL - COMMUNICATION DISTRICT CIVIL DEFENSE For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

Budgeted Amounts Variance with Budgeted Amounts Variance with Original Final Final Budget - Original Final Final Budget - Budget Budget Actual Positive (Negative) Budget Budget Actual Positive (Negative)

Revenues Revenues Taxes: Taxes: Ad valorem$ - $ - $ - $ - Ad valorem$ - $ - $ - $ - Sales and use - - - - Sales and use - - - - Other taxes and penalties - - - - Other taxes and penalties - - - - Licenses and permits - - - - Licenses and permits - - - - Intergovernmental revenues: Intergovernmental revenues: Federal grants - - - - Federal grants 17,000 61,529 61,529 - State funds: State funds: Parish transportation - - - - Parish transportation - - - - State revenue sharing - - - - State revenue sharing - - - - Other - - - - Other 145,510 152,852 152,852 - Fees, charges, and commissions 516,773 497,393 510,403 13,010 Fees, charges, and commissions - - - - Fines and forfeitures - - - - Fines and forfeitures - - - - Interest Income 8,500 8,396 8,396 - Interest Income 2,550 2,492 2,492 - Other revenue - 19,354 19,354 - Other revenue 139,000 157,644 157,644 -

Total Revenues 525,273 525,143 538,153 13,010 Total Revenues 304,060 374,517 374,517 -

Expenditures Expenditures General government: General government: Legislative - - Legislative - - Judicial - - - - Judicial - - - - Executive - - - - Executive - - - - Elections - - - - Elections - - - - Finance and administration - - - - Finance and administration - - - - Civil service - - - - Civil service - - - - Building and plant - - - - Building and plant - - - - Planning and zoning - - - - Planning and zoning - - - - Public safety 541,445 269,996 269,995 1 Public safety 434,351 417,767 414,562 3,205 Public works - - - - Public works - - - - Health and welfare - - - - Health and welfare - - - - Economic development - - - - Economic development - - - - Culture & recreation - - - - Culture & recreation - - - - Debt service 51,362 50,203 50,203 - Debt service - - - -

Total Expenditures 592,807 320,199 320,198 1 Total Expenditures 434,351 417,767 414,562 3,205

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues Over Expenditures (67,534) 204,944 217,955 13,011 Over Expenditures (130,291) (43,250) (40,045) 3,205

Other Financing Sources (Uses) Other Financing Sources (Uses) Transfers in - - - - Transfers in 80,000 93,608 94,330 722 Transfers out - - - - Transfers out - - (3,206) (3,206)

Total Other Financing Sources (Uses) - - - - Total Other Financing Sources (Uses) 80,000 93,608 91,124 (2,484)

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues and Other Sources Over and Other Sources Over Expenditures and Other Uses (67,534) 204,944 217,955 13,011 Expenditures and Other Uses (50,291) 50,358 51,079 721

Fund Balance, Beginning of Year 1,821,132 1,821,132 1,821,133 1 Fund Balance, Beginning of Year 607,291 607,291 607,289 (2)

Fund Balance, End of Year $ 1,753,598 $ 2,026,076 $ 2,039,088 $ 13,012 Fund Balance, End of Year $ 557,000 $ 657,649 $ 658,368 $ 719

103 104 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - IN FUND BALANCES - BUDGET AND ACTUAL - STREET LIGHTING LAND ESCROW For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

Budgeted Amounts Variance with Budgeted Amounts Variance with Original Final Final Budget - Original Final Final Budget - Budget Budget Actual Positive (Negative) Budget Budget Actual Positive (Negative)

Revenues Revenues Taxes: Taxes: Ad valorem$ 1,820,397 $ 1,492,317 $ 1,492,316 $ (1) Ad valorem$ - $ - $ - $ - Sales and use - - - - Sales and use - - - - Other taxes and penalties - - - - Other taxes and penalties - - - - Licenses and permits - - - - Licenses and permits - - - - Intergovernmental revenues: Intergovernmental revenues: Federal grants - 3,372 3,372 - Federal grants - - - - State funds: State funds: Parish transportation - - - - Parish transportation - - - - State revenue sharing 26,000 20,829 20,829 - State revenue sharing - - - - Other - - - - Other - - - - Fees, charges, and commissions - - - - Fees, charges, and commissions - - - - Fines and forfeitures - - - - Fines and forfeitures - - - - Interest Income 7,000 7,054 7,054 - Interest Income 100 121 121 - Other revenue - - - - Other revenue - - - -

Total Revenues 1,853,397 1,523,572 1,523,571 (1) Total Revenues 100 121 121 -

Expenditures Expenditures General government: General government: Legislative - - - - Legislative - - - - Judicial - - - - Judicial - - - - Executive - - - - Executive - - - - Elections - - - - Elections - - - - Finance and administration - - - - Finance and administration - - - - Civil service - - - - Civil service - - - - Building and plant - - - - Building and plant - - - - Planning and zoning - - - - Planning and zoning - - 1 (1) Public safety - - - - Public safety - - - - Public works 1,726,943 1,213,964 1,213,964 - Public works - - - - Health and welfare - - - - Health and welfare - - - - Economic development - - - - Economic development - - - - Culture & recreation - - - - Culture & recreation - - - - Debt service - - - - Debt service - - - -

Total Expenditures 1,726,943 1,213,964 1,213,964 - Total Expenditures - - 1 (1)

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues Over Expenditures 126,454 309,608 309,607 (1) Over Expenditures 100 121 120 (1)

Other Financing Sources (Uses) Other Financing Sources (Uses) Transfers in - 385 5,600 5,215 Transfers in - - - - Transfers out (120,000) (120,000) (120,000) - Transfers out - - - -

Total Other Financing Sources (Uses) (120,000) (119,615) (114,400) 5,215 Total Other Financing Sources (Uses) - - - -

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues and Other Sources Over and Other Sources Over Expenditures and Other Uses 6,454 189,993 195,207 5,214 Expenditures and Other Uses 100 121 120 (1)

Fund Balance, Beginning of Year 2,283,573 2,283,573 2,269,523 (14,050) Fund Balance, Beginning of Year 29,904 29,904 29,904 -

Fund Balance, End of Year $ 2,290,027 $ 2,473,566 $ 2,464,730 $ (8,836) Fund Balance, End of Year $ 30,004 $ 30,025 $ 30,024 $ (1)

105 106 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - IN FUND BALANCES - BUDGET AND ACTUAL - LAPLACE VOLUNTEER FIRE DEPARTMENT RESERVE VOLUNTEER FIRE DEPARTMENT For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

Budgeted Amounts Variance with Budgeted Amounts Variance with Original Final Final Budget - Original Final Final Budget - Budget Budget Actual Positive (Negative) Budget Budget Actual Positive (Negative)

Revenues Revenues Taxes: Taxes: Ad valorem$ - $ - $ - $ - Ad valorem$ - $ - $ - $ - Sales and use 1,119,309 1,190,494 1,190,494 - Sales and use 479,065 509,531 509,531 - Other taxes and penalties - - - - Other taxes and penalties - - - - Licenses and permits - - - - Licenses and permits - - - - Intergovernmental revenues: Intergovernmental revenues: Federal grants - - - - Federal grants - - - - State funds: State funds: Parish transportation - - - - Parish transportation - - - - State revenue sharing - - - - State revenue sharing - - - - Other 94,500 100,102 100,102 - Other 32,293 33,484 33,484 - Fees, charges, and commissions - - - - Fees, charges, and commissions - - - - Fines and forfeitures - - - - Fines and forfeitures - - - - Interest Income 17,000 15,035 15,035 - Interest Income 4,500 22,125 22,125 - Other revenue - 81,742 81,742 - Other revenue - - - -

Total Revenues 1,230,809 1,387,373 1,387,373 - Total Revenues 515,858 565,140 565,140 -

Expenditures Expenditures General government: General government: Legislative - - - - Legislative - - - - Judicial - - - - Judicial - - - - Executive - - - - Executive - - - - Elections - - - - Elections - - - - Finance and administration - - - - Finance and administration - - - - Civil service - - - - Civil service - - - - Building and plant - - - - Building and plant - - - - Planning and zoning - - - - Planning and zoning - - - - Public safety 909,025 585,897 683,525 (97,628) Public safety 402,835 252,789 251,658 1,131 Public works - - - - Public works - - - - Health and welfare - - - - Health and welfare - - - - Economic development - - - - Economic development - - - - Culture & recreation - - - - Culture & recreation - - - - Debt service 109,212 109,212 109,212 - Debt service 68,385 68,385 68,491 (106)

Total Expenditures 1,018,237 695,109 792,737 (97,628) Total Expenditures 471,220 321,174 320,149 1,025

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues Over Expenditures 212,572 692,264 594,636 (97,628) Over Expenditures 44,638 243,966 244,991 1,025

Other Financing Sources (Uses) Other Financing Sources (Uses) Transfers in - 3,492 3,492 - Transfers in - - - - Transfers out - - (2,373) (2,373) Transfers out (136,539) (136,539) (137,559) (1,020)

Total Other Financing Sources (Uses) - 3,492 1,119 (2,373) Total Other Financing Sources (Uses) (136,539) (136,539) (137,559) (1,020)

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues and Other Sources Over and Other Sources Over Expenditures and Other Uses 212,572 695,756 595,755 (100,001) Expenditures and Other Uses (91,901) 107,427 107,432 5

Fund Balance, Beginning of Year 3,138,337 3,138,337 3,138,337 - Fund Balance, Beginning of Year 629,222 629,222 629,222 -

Fund Balance, End of Year $ 3,350,909 $ 3,834,093 $ 3,734,092 $ (100,001) Fund Balance, End of Year $ 537,321 $ 736,649 $ 736,654 $ 5

107 108 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - IN FUND BALANCES - BUDGET AND ACTUAL - WESTBANK VOLUNTEER FIRE DEPARTMENT GARYVILLE VOLUNTEER FIRE DEPARTMENT For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

Budgeted Amounts Variance with Budgeted Amounts Variance with Original Final Final Budget - Original Final Final Budget - Budget Budget Actual Positive (Negative) Budget Budget Actual Positive (Negative)

Revenues Revenues Taxes: Taxes: Ad valorem$ - $ - $ - $ - Ad valorem$ - $ - $ - $ - Sales and use 320,123 340,481 340,481 - Sales and use 320,123 340,481 340,481 - Other taxes and penalties - - - - Other taxes and penalties - - - - Licenses and permits - - Licenses and permits - - - - Intergovernmental revenues: Intergovernmental revenues: Federal grants - - - - Federal grants - - - - State funds: State funds: Parish transportation - - Parish transportation - - - - State revenue sharing - - - - State revenue sharing - - - - Other 10,822 12,216 12,216 - Other 12,075 10,278 10,278 - Fees, charges, and commissions - - - - Fees, charges, and commissions - - - - Fines and forfeitures - - - - Fines and forfeitures - - - - Interest Income 4,000 1,899 1,899 - Interest Income 3,800 1,343 1,343 - Other revenue - 5,825 5,825 - Other revenue - 14,944 14,944 -

Total Revenues 334,945 360,421 360,421 - Total Revenues 335,998 367,046 367,046 -

Expenditures Expenditures General government: General government: Legislative - - Legislative - - - - Judicial - - - - Judicial - - - - Executive - - Executive - - - - Elections - - Elections - - - - Finance and administration - - Finance and administration - - - - Civil service - - Civil service - - - - Building and plant - - Building and plant - - - - Planning and zoning - - Planning and zoning - - - - Public safety 283,350 232,920 232,243 677 Public safety 208,600 185,719 185,039 680 Public works - - - - Public works - - - - Health and welfare - - - - Health and welfare - - - - Economic development - - - - Economic development - - - - Culture & recreation - - - - Culture & recreation - - - - Debt service - - - - Debt service 44,666 44,666 44,666 -

Total Expenditures 283,350 232,920 232,243 677 Total Expenditures 253,266 230,385 229,705 680

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues Over Expenditures 51,595 127,501 128,178 677 Over Expenditures 82,732 136,661 137,341 680

Other Financing Sources (Uses) Other Financing Sources (Uses) Transfers in - - - - Transfers in - - - - Transfers out (117,451) (117,451) (118,132) (681) Transfers out (130,223) (130,223) (130,903) (680)

Total Other Financing Sources (Uses) (117,451) (117,451) (118,132) (681) Total Other Financing Sources (Uses) (130,223) (130,223) (130,903) (680)

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues and Other Sources Over and Other Sources Over Expenditures and Other Uses (65,856) 10,050 10,046 (4) Expenditures and Other Uses (47,491) 6,438 6,438 -

Fund Balance, Beginning of Year 453,207 453,207 453,207 - Fund Balance, Beginning of Year 339,266 339,266 339,266 -

Fund Balance, End of Year $ 387,351 $ 463,257 $ 463,253 $ (4) Fund Balance, End of Year $ 291,775 $ 345,704 $ 345,704 $ -

109 110 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - IN FUND BALANCES - BUDGET AND ACTUAL - FIRE SERVICES CRIMINAL COURT For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

Budgeted Amounts Variance with Budgeted Amounts Variance with Original Final Final Budget - Original Final Final Budget - Budget Budget Actual Positive (Negative) Budget Budget Actual Positive (Negative)

Revenues Revenues Taxes: Taxes: Ad valorem$ - $ - $ - $ - Ad valorem$ - $ - $ - $ - Sales and use 2,238,619 2,380,904 2,380,904 - Sales and use - - - - Other taxes and penalties - - - - Other taxes and penalties - - - - Licenses and permits - - - - Licenses and permits - - - - Intergovernmental revenues: Intergovernmental revenues: Federal grants - - - - Federal grants - - - - State funds: State funds: Parish transportation - - - - Parish transportation - - - - State revenue sharing - - - - State revenue sharing - - - - Other - - - - Other - - - - Fees, charges, and commissions - - - - Fees, charges, and commissions 68,250 67,961 67,961 - Fines and forfeitures - - - - Fines and forfeitures 1,812,000 2,082,292 2,082,292 - Interest Income 27,000 18,012 18,012 - Interest Income 1,890 3,930 3,930 - Other revenue - 10,409 10,409 - Other revenue - - - -

Total Revenues 2,265,619 2,409,325 2,409,325 - Total Revenues 1,882,140 2,154,183 2,154,183 -

Expenditures Expenditures General government: General government: Legislative - - - - Legislative - - - - Judicial - - - - Judicial 1,881,660 2,176,136 2,176,139 (3) Executive - - - - Executive - - - - Elections - - - - Elections - - - - Finance and administration - - - - Finance and administration - - - - Civil service - - - - Civil service - - - - Building and plant - - - - Building and plant - - - - Planning and zoning - - - - Planning and zoning - - - - Public safety 2,947,170 3,110,841 3,105,974 4,867 Public safety - - - - Public works - - - - Public works - - - - Health and welfare - - - - Health and welfare - - - - Economic development - - - - Economic development - - - - Culture & recreation - - - - Culture & recreation - - - - Debt service - - - - Debt service - - - -

Total Expenditures 2,947,170 3,110,841 3,105,974 4,867 Total Expenditures 1,881,660 2,176,136 2,176,139 (3)

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues Over Expenditures (681,551) (701,516) (696,649) 4,867 Over Expenditures 480 (21,953) (21,956) (3)

Other Financing Sources (Uses) Other Financing Sources (Uses) Transfers in - 38,479 56,865 18,386 Transfers in - - - - Transfers out - - (4,867) (4,867) Transfers out - - - -

Total Other Financing Sources (Uses) - 38,479 51,998 13,519 Total Other Financing Sources (Uses) - - - -

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues and Other Sources Over and Other Sources Over Expenditures and Other Uses (681,551) (663,037) (644,651) 18,386 Expenditures and Other Uses 480 (21,953) (21,956) (3)

Fund Balance, Beginning of Year 4,524,552 4,524,552 4,524,552 - Fund Balance, Beginning of Year 565,819 565,819 565,819 -

Fund Balance, End of Year $ 3,843,001 $ 3,861,515 $ 3,879,901 $ 18,386 Fund Balance, End of Year $ 566,299 $ 543,866 $ 543,863 $ (3)

111 112 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - IN FUND BALANCES - BUDGET AND ACTUAL - RECREATION FUND CDBG For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

Budgeted Amounts Variance with Budgeted Amounts Variance with Original Final Final Budget - Original Final Final Budget - Budget Budget Actual Positive (Negative) Budget Budget Actual Positive (Negative)

Revenues Revenues Taxes: Taxes: Ad valorem$ - $ 853,166 $ 853,166 $ - Ad valorem$ - $ - $ - $ - Sales and use - - - - Sales and use - - - - Other taxes and penalties 528,000 592,507 592,508 1 Other taxes and penalties - - - - Licenses and permits - - - - Licenses and permits - - - - Intergovernmental revenues: Intergovernmental revenues: Federal grants - 6,687 6,687 - Federal grants - 525,594 525,594 - State funds: State funds: - Parish transportation - - - - Parish transportation - - State revenue sharing - - - - State revenue sharing - - - - Other - - - - Other - - - - Fees, charges, and commissions 40,300 68,425 68,425 - Fees, charges, and commissions - - - - Fines and forfeitures - - - - Fines and forfeitures - - - - Interest Income 500 419 419 - Interest Income - - - - Other revenue - 46,789 46,789 - Other revenue - - - -

Total Revenues 568,800 1,567,993 1,567,994 1 Total Revenues - 525,594 525,594 -

Expenditures Expenditures General government: General government: Legislative - - - - Legislative - - - - Judicial - - - - Judicial - - - - Executive - - - - Executive - - - - Elections - - - - Elections - - - - Finance and administration - - - - Finance and administration - 530,624 530,624 - Civil service - - - - Civil service - - - - Building and plant - - - - Building and plant - - - - Planning and zoning - - - - Planning and zoning - - - - Public safety - - - - Public safety - - - - Public works - - - - Public works - - - - Health and welfare - - - - Health and welfare - - - - Economic development - - - - Economic development - - - - Culture & recreation 645,400 772,665 772,771 (106) Culture & recreation - - - - Debt service - - - - Debt service - - - -

Total Expenditures 645,400 772,665 772,771 (106) Total Expenditures - 530,624 530,624 -

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues Over Expenditures (76,600) 795,328 795,223 (105) Over Expenditures - (5,030) (5,030) -

Other Financing Sources (Uses) Other Financing Sources (Uses) Transfers in 90,000 95,195 95,195 - Transfers in - - Transfers out - - - - Transfers out - - - -

Total Other Financing Sources (Uses) 90,000 95,195 95,195 - Total Other Financing Sources (Uses) - - - -

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues and Other Sources Over and Other Sources Over Expenditures and Other Uses 13,400 890,523 890,418 (105) Expenditures and Other Uses - (5,030) (5,030) -

Fund Balance, Beginning of Year 72,758 72,758 72,760 2 Fund Balance, Beginning of Year - - - -

Fund Balance, End of Year $ 86,158 $ 963,281 $ 963,178 $ (103) Fund Balance, End of Year $ - $ (5,030) $ (5,030) $ -

113 114 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - IN FUND BALANCES - BUDGET AND ACTUAL - ANIMAL SHELTER HEALTH AND HUMAN SERVICES For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

Budgeted Amounts Variance with Budgeted Amounts Variance with Original Final Final Budget - Original Final Final Budget - Budget Budget Actual Positive (Negative) Budget Budget Actual Positive (Negative)

Revenues Revenues Taxes: Taxes: Ad valorem$ - $ 293,184 $ 293,974 $ 790 Ad valorem$ - $ - $ - $ - Sales and use - - - - Sales and use - - - - Other taxes and penalties - - - - Other taxes and penalties - - - - Licenses and permits - - - - Licenses and permits - - - - Intergovernmental revenues: Intergovernmental revenues: Federal grants - - - - Federal grants 1,116,863 542,770 542,770 - State funds: - State funds: Parish transportation - - - - Parish transportation - - - - State revenue sharing - - - - State revenue sharing - - - - Other - - - - Other 2,500 3,662 3,662 - Fees, charges, and commissions - - - - Fees, charges, and commissions 10,000 5,741 5,741 - Fines and forfeitures - - - - Fines and forfeitures - - - - Interest Income - - - - Interest Income 500 666 663 (3) Other revenue - - - - Other revenue - 1,840 1,840 -

Total Revenues - 293,184 293,974 790 Total Revenues 1,129,863 554,679 554,676 (3)

Expenditures Expenditures General government: General government: Legislative - - - - Legislative - - - - Judicial - - - - Judicial - - - - Executive - - - - Executive - - - - Elections - - - - Elections - - - - Finance and administration - - - - Finance and administration - - - - Civil service - - - - Civil service - - - - Building and plant - - - - Building and plant - - - - Planning and zoning - - - - Planning and zoning - - - - Public safety - - - - Public safety - - - - Public works - - - - Public works - - - - Health and welfare - - - - Health and welfare 760,166 582,930 590,796 (7,866) Economic development - - - - Economic development - - - - Culture & recreation - - - - Culture & recreation - - - - Debt service - - - - Debt service - - - -

Total Expenditures - - - - Total Expenditures 760,166 582,930 590,796 (7,866)

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues Over Expenditures - 293,184 293,974 790 Over Expenditures 369,697 (28,251) (36,120) (7,869)

Other Financing Sources (Uses) Other Financing Sources (Uses) Transfers in - - Transfers in 117,000 117,000 117,000 - Transfers out - - - - Transfers out - - - -

Total Other Financing Sources (Uses) - - - - Total Other Financing Sources (Uses) 117,000 117,000 117,000 -

Excess (Deficiency) of Revenues Excess (Deficiency) of Revenues and Other Sources Over and Other Sources Over Expenditures and Other Uses - 293,184 293,974 790 Expenditures and Other Uses 486,697 88,749 80,880 (7,869)

Fund Balance, Beginning of Year - - - - Fund Balance, Beginning of Year 50,130 50,130 50,130 -

Fund Balance, End of Year $ - $ 293,184 $ 293,974 $ 790 Fund Balance, End of Year $ 536,827 $ 138,879 $ 131,010 $ (7,869)

115 116 STATISTICAL SECTION (THIS PAGE IS INTENTIONALLY LEFT BLANK) STATISTICAL SECTION

This part of the St. John the Baptist Parish Council's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures and required supplementary information says about the Parish's overall financial health.

ST. JOHN THE BAPTIST PARISH COUNCIL Contents Schedules LAPLACE, LOUISIANA SCHEDULE 1 -- NET POSITION BY COMPONENT LAST TEN FISCAL YEARS Financial Trends 1 - 4 (accrual basis of accounting) (Unaudited)

These schedules contain trend information to help the reader 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

understand how the Parish's financial performance and well-being Governmental activities Invested in capital assets, net of related debt$ (11,632,449) $ (26,389,901) $ (34,741,068) $ 16,497,003 $ 21,049,216 $ 23,522,817 $ 21,277,396 $ 28,120,063 $ 29,741,677 $ 27,267,310 Restricted 20,964,055 25,486,957 21,461,685 22,647,869 16,587,285 14,712,389 43,470,585 13,860,981 43,480,888 44,702,668 Revenue Capacity 5 - 9 Unrestricted (5,642,527) 11,837,905 36,904,602 24,529,758 24,692,634 33,622,730 14,165,068 35,866,072 747,603 539,131

Total governmental activities net position$ 3,689,079 $ 10,934,961 $ 23,625,219 $ 63,674,630 $ 62,329,135 $ 71,857,936 $ 78,913,049 $ 77,847,116 $ 73,970,168 $ 72,509,109 These schedules contain information to help the reader assess the Business-type activities Parish's most significant local revenue source, the sales tax, as well as Invested in capital assets, net of related debt$ 72,777,451 $ 67,997,119 $ 76,135,970 $ 113,659,742 $ 119,295,021 $ 120,501,581 $ 122,807,386 $ 121,853,197 123,184,534 126,226,895 Restricted 1,353,728 1,353,728 1,353,728 1,353,728 1,353,728 1,353,728 1,353,728 1,413,722 263,755 420,000 Unrestricted 838,591 310,701 2,169,448 2,654,338 2,062,841 514,403 475,810 710,075 2,712,112 3,053,015 Debt Capacity 10 - 14 Total business-type activities net position$ 74,969,770 $ 69,661,548 $ 79,659,146 $ 117,667,808 $ 122,711,590 $ 122,369,712 $ 124,636,924 $ 123,976,994 $ 126,160,401 $ 129,699,910

Primary government These schedules present information to help the reader assess the Invested in capital assets, net of related debt$ 61,145,002 $ 41,607,218 $ 41,394,902 $ 130,156,745 $ 140,344,237 $ 144,024,398 $ 144,084,782 $ 149,973,260 $ 152,926,211 $ 153,494,205 Restricted 22,317,783 26,840,685 22,815,413 24,001,597 17,941,013 16,066,117 44,824,313 15,274,703 43,744,643 45,122,668 affordability of the Parish's current levels of outstanding debt and the Unrestricted (4,803,936) 12,148,606 39,074,050 27,184,096 26,755,475 34,137,133 14,640,878 36,576,147 3,459,715 3,592,146

Demographic and Economic Information 15 - 16 Total primary government net position$ 78,658,849 $ 80,596,509 $ 103,284,365 $ 181,342,438 $ 185,040,725 $ 194,227,648 $ 203,549,973 $ 201,824,110 $ 200,130,569 $ 202,209,019

These schedules offer demographic and economic indicators to help the reader understand the environment within which the Parish's

Operating Information 17 - 19

These schedules contain service and infrastructure data to help the reader understand how the information in the Parish's financial report relates to the services the Parish provides and the activities it performs.

Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive 118 annual financial reports for the relevant year.

Note: Statistical information regarding sales tax revenue is limited because a governmental agency separate from the St. John the Baptist Parish Council collects the Parish's sales tax and much of the information is of a confidential nature.

117 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE 2 -- CHANGES IN NET POSITION SCHEDULE 2 -- CHANGES IN NET POSITION LAST TEN FISCAL YEARS LAST NINE FISCAL YEARS (CONTINUED) (accrual basis of accounting) (accrual basis of accounting) (Unaudited) (Unaudited)

Fiscal Year Fiscal Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Expenses Net (Expense) Revenue Governmental activities: Governmental activities$ (18,502,852) $ (13,499,762) $ (12,332,591) $ (25,549,121) $ (24,090,399) $ (28,128,309) $ (30,574,898) $ (29,885,085) $ (28,350,673) $ (29,289,812) General government$ 4,216,815 $ 4,197,867 $ 2,979,187 $ 4,925,129 $ 5,594,372 $ 6,515,112 $ 7,020,705 $ 7,901,315 $ 8,419,683 $ 9,015,599 Business-type activities (7,336,284) (7,197,272) 7,290,832 (4,183,714) (4,745,885) (6,191,920) (5,166,569) (4,989,743) (5,256,767) (5,672,571) Public safety 2,372,408 3,355,043 3,793,967 4,264,345 5,435,975 4,741,752 6,968,528 6,887,326 7,270,054 7,233,873 Public works 6,641,632 916,549 2,402,302 13,948,650 10,194,172 13,391,561 14,398,985 12,463,398 12,426,536 15,730,534 Total primary government net expense$ (25,839,136) $ (20,697,034) $ (5,041,759) $ (29,732,835) $ (28,836,284) $ (34,320,229) $ (35,741,467) $ (34,874,828) $ (33,607,440) $ (34,962,383) Health and welfare 994,387 1,337,499 765,391 871,122 1,136,211 1,902,590 2,229,805 2,826,036 2,551,866 1,993,525 Economic development 1,089,618 618,765 923,959 1,736,582 1,482,875 1,672,938 1,679,124 1,685,753 1,503,635 1,387,557 General Revenues and Other Changes in Net Position Transportation 4,952,934 4,380,063 3,484,896 ------Governmental activities: Culture and recreation - - - 1,159,094 811,635 1,478,688 1,306,707 1,391,994 1,395,010 1,490,948 Taxes Interest on long-term debt 2,944,719 2,414,976 2,717,190 2,622,086 2,769,970 2,704,785 2,205,655 4,419,253 3,647,935 2,725,866 Ad valorem$ 4,924,583 $ 5,516,443 $ 6,103,785 $ 6,954,957 $ 7,826,488 $ 8,215,378 $ 9,562,605 $ 9,425,335 $ 10,007,266 $ 11,049,835 Total government activities expenses 23,212,513 17,220,762 17,066,892 29,527,008 27,425,210 32,407,426 35,809,509 37,575,075 37,214,719 39,577,902 Sales and use 9,939,608 13,110,732 16,445,407 17,801,087 18,051,847 30,345,420 30,989,873 18,691,071 17,885,038 20,642,215 Business-type activities: Franchise 663,553 646,171 771,216 797,114 820,720 860,021 863,890 830,083 885,184 1,037,061 Solid Waste 2,618,201 2,907,349 2,720,036 3,283,392 3,074,568 3,241,260 3,606,171 3,666,131 3,600,871 3,430,960 Beer taxes 45,590 47,266 53,223 57,871 52,379 51,970 54,924 48,002 49,723 48,761 Mosquito 390,717 366,701 333,335 397,517 562,857 787,038 767,295 754,575 747,068 750,620 Severance taxes 43,190 67,993 46,628 54,741 96,793 115,469 37,822 60,140 65,203 65,772 Utilities 6,176,355 6,349,354 6,279,468 6,376,091 6,669,420 6,772,912 7,667,691 7,844,726 8,524,175 8,122,006 Video poker taxes 378,946 397,944 579,971 709,181 649,431 636,943 575,499 549,448 566,467 592,508 Sewer 9,389,134 9,301,417 10,148,531 8,289,075 7,955,428 17,149,922 8,798,140 8,695,815 9,257,928 10,060,359 Occupational licenses - - - 969,842 1,050,681 1,086,920 1,115,935 - - 1,195,315 Total business-type activities expenses 18,574,407 18,924,821 19,481,370 18,346,075 18,262,273 27,951,132 20,839,297 20,961,247 22,130,042 22,363,945 State revenue sharing (unrestricted) - 40,774 43,278 102,950 120,632 113,042 116,731 112,209 111,703 100,029 Total primary government expenses$ 41,786,920 $ 36,145,583 $ 36,548,262 $ 47,873,083 $ 45,687,483 $ 60,358,558 $ 56,648,806 $ 58,536,322 $ 59,344,761 $ 61,941,847 Unrestricted grants and contributions 77,383 72,256 214,066 112,694 13,218 97,243 282,226 1,788,020 829,277 50,000 Investment earnings 505,220 542,382 1,054,621 1,885,348 2,023,242 1,035,730 380,441 457,255 322,633 281,871 Program Revenues Other general revenues 1,033,139 335,850 723,660 430,793 386,133 625,187 794,349 589,144 873,122 1,626,074 Governmental activities: Gain (loss) on disposal of capital assets 202,743 - 360,810 343,050 159,500 - - (6,000) - - Charges for services: Capital contributions - - - - (7,487,400) - - (2,624,747) (4,531,592) (5,745,748) General government$ 1,040,531 $ 1,069,621 $ 1,146,324 $ 66,630 $ 68,311 $ 108,423 $ 115,491 $ 1,335,907 $ 1,223,013 $ 48,010 Transfers (1,167,980) (1,625,915) (1,373,815) (1,139,425) (1,018,760) (5,526,213) (7,144,321) (1,100,808) (2,590,299) (3,114,940) Public safety 1,016,540 847,737 937,154 876,480 902,273 1,186,673 1,533,211 2,221,863 2,811,762 2,082,292 Total governmental activities 16,645,975 19,151,896 25,022,850 29,080,203 22,744,904 37,657,110 37,629,974 28,819,152 24,473,725 27,828,753 Public works 22,644 87,593 49,770 377,447 330,343 392,752 270,176 283,110 261,832 326,750 Business-type activities: Health and welfare 247,554 250,036 257,351 261,427 274,773 277,306 275,128 277,557 274,827 301,812 Taxes Economic development 109,883 120,843 170,563 63,634 10,071 33,410 42,036 - - - Ad valorem 82,154 88,487 97,917 111,928 125,735 139,039 163,151 159,795 170,003 187,637 Transportation 249,188 238,451 266,789 ------Unrestricted grants and contributions 13,200 48,031 1,060,355 371,637 328,909 - - 325,136 32,155 43,903 Culture and recreation - - - 414,128 526,263 402,909 326,697 470,010 558,842 294,480 Investment earnings 40,244 44,856 101,117 195,648 186,157 74,775 17,720 22,585 14,680 14,264 Operating grants and contributions 748,915 1,056,719 895,165 1,055,867 971,812 1,791,040 2,358,835 2,736,196 2,873,503 7,174,872 Other general revenues 103,059 81,761 73,562 66,766 46,305 110,015 108,589 96,742 101,445 105,588 Capital grants and contributions 1,274,406 50,000 1,011,185 862,274 250,965 86,604 313,037 365,347 860,267 59,874 Gain (loss) on disposal of capital assets 6,080 - - - 10,000 - - - - - Total governmental activities program revenues 4,709,661 3,721,000 4,734,301 3,977,887 3,334,811 4,279,117 5,234,611 7,689,990 8,864,046 10,288,090 Capital contributions - - - 546,561 8,620,362 - - 2,624,747 4,531,592 5,745,748 Business-type activities: Transfers 1,167,980 1,625,915 1,373,815 1,139,425 1,018,760 5,526,213 7,144,321 1,100,808 2,590,299 3,114,940 Charges for services: Total business-type activities 1,412,717 1,889,050 2,706,766 2,431,965 10,336,228 5,850,042 7,433,781 4,329,813 7,440,174 9,212,080 Solid Waste 2,569,812 2,821,582 2,977,268 3,074,033 3,357,467 3,560,689 3,687,686 3,911,412 4,026,114 3,755,669 Mosquito 254,811 256,963 262,638 265,251 426,127 527,617 534,718 539,848 532,464 522,250 Total primary government$ 18,058,692 $ 21,040,946 $ 27,729,616 $ 31,512,168 $ 33,081,132 $ 43,507,152 $ 45,063,755 $ 33,148,965 $ 31,913,899 $ 37,040,833 Utilities 4,511,635 4,643,114 4,969,348 5,494,402 5,097,036 5,635,249 6,159,414 6,246,552 6,706,798 6,726,104 Sewer 3,901,865 4,005,890 5,699,485 5,328,675 4,635,758 4,986,195 5,290,910 5,273,692 5,607,899 5,687,351 Change in Net Position Operating grants and contributions - - - - - 7,049,462 - - - - Governmental activities$ (1,856,877) $ 5,652,134 $ 12,690,259 $ 3,531,082 $ (1,345,495) $ 9,528,801 $ 7,055,076 $ (1,065,933) $ (3,876,948) $ (1,461,059) Capital grants and contributions - - 12,863,463 ------Business-type activities (5,923,567) (5,308,222) 9,997,598 (1,751,749) 5,590,343 (341,878) 2,267,212 (659,930) 2,183,407 3,539,509 Total business-type activities program revenues 11,238,123 11,727,549 26,772,202 14,162,361 13,516,388 21,759,212 15,672,728 15,971,504 16,873,275 16,691,374 Total primary government$ (7,780,444) $ 343,912 $ 22,687,857 $ 1,779,333 $ 4,244,848 $ 9,186,923 $ 9,322,288 $ (1,725,863) $ (1,693,541) $ 2,078,450 Total primary government program revenues$ 15,947,784 $ 15,448,549 $ 31,506,503 $ 18,140,248 $ 16,851,199 $ 26,038,329 $ 20,907,339 $ 23,661,494 $ 25,737,321 $ 26,979,464

(continued)

119 120 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE 3 -- FUND BALANCES OF GOVERNMENTAL FUNDS SCHEDULE 4 -- CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS LAST TEN FISCAL YEARS (modified accrual basis of accounting) (modified accrual basis of accounting) (Unaudited) (Unaudited) Fiscal Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Fiscal Year Revenues 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Taxes$ 14,864,191 $ 18,627,175 $ 22,549,192 $ 25,465,225 $ 26,527,766 $ 39,197,741 $ 41,127,977 $ 28,665,854 $ 28,458,771 $ 32,284,558 Licenses and permits 978,911 1,010,209 1,089,417 1,388,013 1,455,933 1,587,966 1,498,532 1,606,345 1,480,618 1,657,504 General fund Intergovernmental 2,826,984 1,925,693 3,131,264 2,261,182 1,520,851 2,219,767 3,150,893 5,273,213 5,277,335 8,514,049 Charges for services 1,036,351 1,124,838 1,194,329 1,413,903 1,449,503 1,386,550 1,260,890 1,496,231 1,665,084 1,472,023 Nonspendable$ - $ - $ - $ - $ - $ - $ - $ - $ 45,426 $ 47,076 Fines and forfeitures 1,046,540 878,707 967,154 876,480 907,987 1,195,296 1,555,070 2,244,334 2,844,801 2,136,980 Restricted ------Investment earnings 505,211 541,412 1,054,621 1,885,348 2,023,241 1,035,730 380,441 458,871 322,633 301,013 Committed ------Other revenues 1,264,134 390,777 1,161,829 907,364 700,593 799,472 1,035,103 495,849 410,420 611,404 Assigned ------Total revenues 22,522,322 24,498,811 31,147,806 34,197,515 34,585,874 47,422,522 50,008,906 40,240,697 40,459,662 46,977,531 Unassigned ------1,921,296 2,128,087

Reserved (1) - 43,634 35,919 40,106 44,587 44,362 47,815 43,915 - - Expenditures Unreserved (1) 158,943 120,131 254,640 472,164 448,552 1,295,909 1,502,806 1,797,569 - - General government 4,684,560 4,469,305 4,811,335 4,782,777 5,546,965 6,264,982 6,824,186 7,366,088 7,794,390 8,427,866 Public safety 2,636,893 3,405,195 4,365,647 4,079,665 5,580,415 6,347,730 7,475,904 7,737,593 6,400,451 6,342,388 Total general fund$ 158,943 $ 163,765 $ 290,559 $ 512,270 $ 493,139 $ 1,340,271 $ 1,550,621 $ 1,841,484 $ 1,966,722 $ 2,175,163 Public works 7,382,555 5,746,513 8,307,752 13,569,322 19,343,414 14,875,163 14,718,994 18,458,119 24,418,233 2,626,187 Health and welfare 1,105,244 1,337,498 778,909 1,441,259 1,345,637 1,833,142 2,143,589 2,794,496 2,733,276 1,876,905 Economic development 1,211,094 575,173 877,370 1,822,107 1,248,035 1,620,439 1,921,359 1,601,432 1,480,564 1,350,753 All other governmental funds Transportation 5,505,105 4,791,001 5,658,294 ------13,468,015 Culture and recreation - - - 553,529 930,505 939,830 938,068 903,551 919,769 956,498 Nonspendable$ - $ - $ - $ - $ - $ - $ - $ - $ 85,404 $ 89,645 Debt Service: Restricted ------43,480,888 44,702,668 Principal 5,307,225 3,318,407 3,693,889 4,036,126 5,176,487 9,768,075 4,786,255 6,017,833 5,781,191 6,035,721 Committed ------28,608,152 27,193,481 Interest - 2,427,445 2,652,289 2,596,764 2,324,416 2,324,416 2,324,416 4,419,253 3,370,560 2,917,398 Assigned ------Bond issuance costs ------226,597 - Unassigned ------(40,000) - Total expenditures 27,832,676 26,070,537 31,145,485 32,881,549 41,495,874 43,973,777 41,132,771 49,298,365 53,125,031 44,001,731 Reserved (1) 20,964,055 25,576,993 21,544,636 22,745,897 16,663,785 14,783,974 43,549,330 13,945,373 - - Excess (deficiency) of revenues Unreserved, reported in: over (under) expenditures (5,310,354) (1,571,726) 2,321 1,315,966 (6,910,000) 3,448,745 8,876,135 (9,057,668) (12,665,369) 2,975,800 Special revenue funds (1) 10,743,914 12,029,707 18,184,551 24,304,780 24,436,592 32,531,832 40,703,485 37,814,660 - - Capital project funds (1) ------37,274,007 - - Other financing sources (uses) Debt service funds (1) ------Sale of capital assets ------30,000 - - Proceeds of debt issued 11,695,000 9,101,194 3,620,776 7,366,659 1,959,329 4,966,000 29,930,000 15,000,000 800,000 198,931 Total all other governmental funds$ 31,707,969 $ 37,606,700 $ 39,729,187 $ 47,050,677 $ 41,100,377 $ 47,315,806 $ 84,252,815 $ 89,034,040 $ 72,134,444 $ 71,985,794 Issuance of refunding bonds ------7,370,000 8,545,000 - Premium on debt issuance ------14,835 654,056 - Payment to refunding bond escow agent ------(7,184,271) (11,517,746) - Note (1): In 2011, the entity implemented GASB Statement 54 which changed the classification of fund balances. Amounts prior to 2011 have not been restated to reflect the new classification. Transfers in 8,131,416 6,305,581 6,185,772 6,533,531 11,595,676 11,994,408 11,230,223 13,636,699 12,239,829 15,517,564 Transfers out (9,305,796) (7,931,496) (7,559,587) (7,672,956) (12,614,436) (13,346,592) (12,889,036) (14,737,507) (14,830,128) (18,632,504) Total other financing sources (uses) 10,520,620 7,475,279 2,246,961 6,227,234 940,569 3,613,816 28,271,187 14,129,756 (4,108,989) (2,916,009) Net change in fund balances$ 5,210,266 $ 5,903,553 $ 2,249,282 $ 7,543,200 $ (5,969,431) $ 7,062,561 $ 37,147,322 $ 5,072,088 $ (16,774,358) $ 59,791 Debt service, (interest and principal only) as a percentage of noncapital expenditures 19.1% 12.7% 11.9% 20.2% 12.5% 30.5% 17.3% 27.7% 24.7% 20.3%

Note: Information for fiscal years prior to 2004 is not available.

121 122 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA SCHEDULE 5 -- DIRECT AND OVERLAPPING SALES TAX RATES LAST TEN YEARS (Unaudited)

Parish Overlapping Rates Direct St. John the Baptist St. John the Baptist Fiscal Year Rate (1) Parish School Board Parish Sheriff's Office ST. JOHN THE BAPTIST PARISH COUNCIL 2003 2.00% 2.25% 0.25% LAPLACE, LOUISIANA 2004 2.25% 2.25% 0.25% SCHEDULE 6 -- ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY LAST TEN FISCAL YEARS 2005 2.25% 2.25% 0.25% (Unaudited) 2006 2.25% 2.25% 0.25%

2007 2.25% 2.25% 0.25% Less: Total Taxable Total Estimated Value as a 2008 2.25% 2.25% 0.25% Fiscal Real Other Total Tax Exempt Assessed Direct Actual Percentage of 2009 2.25% 2.25% 0.25% Year Estate Property Assessments Real Property Value Tax Rate Taxable Value Actual Value 2010 2.25% 2.25% 0.25% 2003$ 26,291,242 $ 216,130,028 $ 242,421,270 $ 67,444,625 $ 174,976,645 40.54$ 1,671,870,828 14.50%

2011 2.25% 2.25% 0.25% 2004 28,889,702 237,168,743 266,058,445 73,278,332 192,780,113 40.15 1,834,885,828 14.50%

2012 2.25% 2.25% 0.25% 2005 29,871,639 255,812,283 285,683,922 75,088,592 210,595,330 40.15 1,970,233,945 14.50%

2006 33,362,856 289,323,687 322,686,543 77,905,006 244,781,537 40.15 2,225,424,434 14.50%

NOTES: The St. John the Baptist Parish School Board, a separate entity, collects four and three fourths 2007 35,877,519 320,020,783 355,898,302 80,999,207 274,899,095 40.06 2,454,471,048 14.50% percent in sales and use tax. Two and one-quarter percent of the taxes collected are remitted to 2008 36,513,826 346,273,001 382,786,827 83,574,781 299,212,046 38.89 2,639,909,152 14.50% the Parish Council. One-quarter percent of the taxes collected are remitted to the Sheriff's Department. The School Board's costs of collecting the funds are shared proportionally by the 2009 174,857,996 260,387,742 435,245,738 83,892,520 351,353,218 38.89 3,001,694,745 14.50%

Parish Council, Sheriff's Department and the School Board. 2010 176,606,576 262,991,619 439,598,195 90,802,704 348,795,491 38.89 3,031,711,692 14.50%

2011 186,573,102 268,914,623 455,487,725 86,298,781 369,188,944 38.89 3,141,294,655 14.50% Source: St. John the Baptist Parish Finance Department. 2012 165,833,403 329,181,981 495,015,384 85,421,449 409,593,935 38.76 3,413,899,200 14.50%

Source: St. John the Baptist Parish Assessor's Office.

124

123 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA SCHEDULE 8 -- PRINCIPAL PROPERTY TAXPAYERS CURRENT YEAR AND NINE YEARS AGO (Unaudited)

December 31, 2012 December 31, 2003 Percentage of Percentage of Taxable Total Parish Taxable Total Parish Assessed Taxable Assessed Taxable Taxpayer Value Rank Assessed Value Value Rank Assessed Value ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA Marathon Ashland LLC$ 203,924,484 1 44.77%$ 55,014,082 1 22.69% SCHEDULE 7 -- DIRECT AND OVERLAPPING PROPERTY TAX RATES LAST TEN FISCAL YEARS Arcelormittal Laplace 10,333,057 2 2.27% (Rate per $100 of Assessed Value) Du Pont Performance Elastomers 8,804,863 3 1.93% (Unaudited) Entergy Louisiana, Inc. 7,596,970 4 1.67% 3,977,790 5 1.64% E.I. Dupont Denemours & Co. 6,835,223 5 1.50% 8,485,556 2 3.50% Overlapping Rates Enjet, Inc. 6,643,654 6 1.46% Nalco Chemical Company 5,484,954 7 1.20% 4,924,645 3 2.03% St. John the Baptist Parish Council St. John the Baptist Parish School Board Bengal Pipeline Company 4,510,330 8 0.99% Total Clark Oil Trading Company 4,419,041 9 0.97% Debt Total Debt Total Direct & Evonik Stockhausen Lousiana 3,919,619 10 0.86% Fiscal Operating Service Parish Operating Service Parish Overlapping DuPont Dow Elastomers 4,207,485 4 1.74% Year Millage Millage Millage Millage Millage Millage Rates Louisiana Machinery Co. 3,509,212 6 1.45% 2003 39.34 1.2 40.54 22.47 24.12 46.59 87.13 Bayou Steel Corporation 3,243,212 7 1.34% Hibernia National Bank 2,979,794 8 1.23% 2004 38.95 1.2 40.15 22.47 24.12 46.59 86.74 Reserve Telephone Co. 2,680,660 9 1.11% Stockhausen Louisiana 2,550,091 10 1.05% 2005 38.95 1.2 40.15 22.47 24.12 46.59 86.74 $ 262,472,195 57.62%$ 91,572,527 37.78% 2006 40.15 - 40.15 22.93 24.12 47.05 87.20

Source: St. John the Baptist Parish Assessor's Office 2007 40.06 - 40.06 21.92 22.00 43.92 83.98

2008 38.89 - 38.89 21.83 22.00 43.83 82.72

2009 38.89 - 38.89 21.49 18.00 39.49 78.38

2010 38.89 - 38.89 21.49 18.00 39.49 78.38

2011 38.89 - 38.89 21.49 18.00 39.49 78.38

2012 38.76 - 38.76 21.31 18.00 39.31 78.07

Sources: St. John the Baptist Parish Finance Department, St. John the Baptist Parish School Board Comprehensive Annual Financial Report.

125

126 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA SCHEDULE 9 -- PROPERTY TAX LEVIES AND COLLECTIONS LAST TEN FISCAL YEARS (Unaudited)

Collected (or Adjusted) within the Taxes Levied Fiscal Year of the Levy Total Collections to Date Fiscal for the Percentage Collections in Percentage Year Fiscal Year Amount of Levy Subsequent Years Amount of Levy

2003$ 6,873,512 Not Available Not Available Not Available$ 6,550,595 95.30% ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA SCHEDULE 10 -- RATIOS OF OUTSTANDING DEBT BY TYPE 2004 7,148,253 Not Available Not Available Not Available 6,826,931 95.50% LAST TEN FISCAL YEARS (Unaudited)

2005 7,783,077 Not Available Not Available Not Available 7,646,868 98.25% Business-Type Governmental Activities Activities Public General Certificates Sales Capital Capital Total Percentage 2006 8,441,990 Not Available Not Available Not Available 8,333,651 98.72% Fiscal Improvement Obligation of Tax Lease Promisory Revenue Lease Primary of Personal Per Year Bonds Bonds Indebtedness Bonds Obligations Notes/Loans Bonds Obligations Government Income (1) Capita (1)

2007 7,081,602 Not Available Not Available Not Available 7,003,984 98.90% 2003$ 21,757,055 $ 25,455,000 $ 1,480,000 $ 330,000 $ 1,023,723 $ 200 $ 8,343,150 $ 2,367 $ 58,391,495 5.00%$ 1,305

2004 20,203,687 32,590,000 1,948,000 305,000 791,149 800,200 8,084,173 - 64,722,209 5.97% 1,405 2008 8,730,484 Not Available Not Available Not Available 8,599,294 98.50% 2005 18,575,318 32,265,000 2,478,000 1,619,574 832,295 - 7,807,282 - 63,577,469 5.82% 1,370 2009 9,684,752 Not Available Not Available Not Available 9,394,209 97.00% 2006 16,846,948 30,690,000 8,365,000 2,291,409 960,288 - 7,506,983 - 66,660,628 6.10% 1,437 2007 15,038,578 29,045,000 8,421,000 2,153,245 1,722,441 - 7,183,869 - 63,564,133 5.81% 1,368 2010 10,038,967 Not Available Not Available Not Available 9,585,130 95.48% 2008 13,140,208 27,500,000 7,595,000 2,015,081 1,671,630 - 6,834,086 - 58,756,005 5.31% 1,250

2009 11,141,838 55,520,000 6,730,000 2,291,917 1,337,530 - 6,465,763 - 83,487,048 7.53% 1,773 2011 10,625,715 Not Available Not Available Not Available 10,177,269 95.78% 2010 23,510,000 53,260,000 1,595,000 6,559,000 998,250 - 6,168,581 - 92,090,831 9.59% 2,005

2012 11,809,855 Not Available Not Available Not Available 11,706,615 99.13% 2011 21,150,000 48,330,000 2,199,000 5,881,000 676,059 - 5,747,251 - 83,983,310 8.74% 1,829

2012 19,090,000 45,700,000 1,802,000 5,171,000 437,339 198,931 4,720,000 - 77,119,270 8.03% 1,723 Source: St. John the Baptist Parish Finance Department Note: Details regarding the Parish's outstanding debt can be found in the notes to the financial statements.

(1) See Schedule 15 for personal income and population data.

128

127 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE 11 -- RATIOS OF NET GENERAL BOND DEBT OUTSTANDING SCHEDULE 12 -- DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT LAST TEN FISCAL YEARS AS OF DECEMBER 31, 2012 (Unaudited) (Unaudited)

Estimated General Bonded Debt Outstanding Percentage of Estimated Share of General Debt Service Net General Estimated Actual Debt Percentage Overlapping Fiscal Obligation Monies Obligation Bonds Taxable Value Per Governmental Unit Outstanding Applicable (1) Debt Year Bonds Available Outstanding of Property (1) Capita (2) Direct: 2003$ 25,455,000 $ 4,176,704 $ 21,278,296 1.27%$ 475.51 St. John the Baptist Parish$ 71,961,931 100%$ 71,961,931

2004 32,590,000 4,850,482 27,739,518 1.51% 602.38 Overlapping: 2005 32,265,000 5,257,860 27,007,140 1.37% 582.14 St. John the Baptist Parish School Board (2) 63,963,000 100% 63,963,000

2006 30,690,000 6,133,809 24,556,191 1.10% 529.31 Total direct and overlapping debt $ 135,924,931 $ 135,924,931

2007 29,045,000 7,566,452 21,478,548 0.88% 462.18 (1) All General Obligation Bonds are secured by Ad Valorem taxes. (2) Source: St. John the Baptist Parish School Board Comprehensive Annual Financial Report. 2008 27,500,000 11,599,192 15,900,808 0.60% 338.36

2009 55,520,000 14,026,585 41,493,415 1.38% 881.23

2010 53,260,000 13,860,981 39,399,019 1.30% 857.92

2011 48,330,000 12,386,632 35,943,368 1.14% 782.67

2012 45,700,000 12,869,280 32,830,720 0.96% 733.52

Note: Details regarding the Parish's outstanding debt can be found in the notes to the financial statements.

(1) See Schedule 8 for property value data.

(2) Population data can be found in Schedule 15.

129 130 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA SCHEDULE 14 -- PLEDGED-REVENUE COVERAGE LAST SIX FISCAL YEARS (Unaudited)

Sales Tax and Revenue Bonds Fiscal Sales Tax Debt Service Year Collections Principal Interest Coverage ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA 2007$ 18,051,847 $ 1,940,000 $ 989,750 6.16 SCHEDULE 13 -- LEGAL DEBT MARGIN INFORMATION LAST TEN FISCAL YEARS (Unaudited) 2008 30,345,420 1,750,000 783,938 11.98

Fiscal Year Fiscal Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2009 30,989,873 2,260,000 532,961 11.10

Debt Limit$ 83,653,689 $ 84,847,445 $ 93,120,456 $ 99,989,373 $ 124,564,406 $ 133,975,389 $ 152,336,008 $ 153,859,368 $ 159,420,704 $173,255,384 Total net debt applicable to limit 21,278,296 27,739,518 27,007,140 24,556,191 21,478,548 15,900,808 41,493,415 39,399,019 35,943,368 32,830,720 2010 18,691,071 678,917 284,894 19.39

Legal debt margin$ 62,375,393 $ 57,107,927 $ 66,113,316 $ 75,433,182 $ 103,085,858 $ 118,074,581 $ 110,842,593 $ 114,460,349 $ 123,477,336 $140,424,664 2011 17,885,038 678,000 258,676 19.09 Total net debt applicable to the limit as a percentage of debt limit 25.44% 32.69% 29.00% 24.56% 17.24% 11.87% 27.24% 25.61% 22.55% 18.95% 2012 20,642,215 710,000 230,730 21.94

Legal Debt Margin Calculation for Fiscal Year 2011

Assessed value$ 495,015,384 NOTES: Details regarding the Parish's outstanding debt can be found in the notes to the Debt limit -- 35% of assessed value 173,255,384 financial statements.

Deduct - Amount of debt applicable to debt limit 32,830,720

Legal debt margin$ 140,424,664 Information for fiscal years prior to 2006 is not available.

Note: Louisiana R.S. 39:562 allows for a maximum of 10% of the assessed valuation for bonded debt for any one purpose or 35% of the total assessed value for all purposes.

131

132 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE 15 -- DEMOGRAPHIC AND ECONOMIC STATISTICS SCHEDULE 16 -- PRINCIPAL EMPLOYERS LAST TEN FISCAL YEARS CURRENT YEAR AND NINE YEARS AGO (Unaudited) (Unaudited)

(1) (1) 2012 2003 Fiscal (1) Personal Per Capita Unemployment % of Total % of Total Year Population Income Personal Income Rate St. John St. John Parish Parish 2003 44,748$ 1,167,922,800 $ 26,100 8.9% Employer Location Employees Rank Employment Employees Rank Employment 2004 46,050 1,084,385,400 23,548 4.2% Marathon Oil Garyville 1,400 1 6.32% * * *

2005 46,393 1,092,462,364 23,548 * 7.0% St. John Parish School Board Reserve 800 2 3.61% * * *

2006 46,393 1,092,462,364 23,548 * 8.8% ArcelorMittal Steel Laplace 404 3 1.82% * * *

2007 46,472 1,094,322,656 23,548 * 4.6% DuPont Laplace 377 4 1.70% * * *

2008 46,994 1,106,614,712 23,548 * 3.8% Walmart Laplace 370 5 1.67% * * * River Parish Hospital Laplace 332 6 1.50% * * * 2009 47,086 1,108,781,128 23,548 6.5% Nalco Chemical Garyville 262 7 1.18% * * * 2010 45,924 960,776,004 20,921 4.0% Louisiana Machinery Reserve 140 8 0.63% * * * 2011 45,924 960,776,004 20,921 * 6.8% Cargill Reserve 138 9 0.62% * * *

2012 44,758 960,776,004 20,921 * 7.8% Pinnacle Polymers Garyville 108 10 0.49% * * *

(1) Source: Information obtained from the South Central Planning and Development Commission TOTAL 4,331 19.54% * * U.S. Census Bureau. * Did not report in 2003 * Latest information available. Source: St. John the Baptist Parish Economic Development Department.

133 134 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA SCHEDULE 17 -- FULL-TIME EQUIVALENT PARISH GOVERNMENT EMPLOYEES BY FUNCTION/PROGRAM LAST SEVEN FISCAL YEARS (Unaudited)

Full-time Equivalent Employees as of December 31, Function/Program 2006 2007 2008 2009 2010 2011 2012

General government 77 77 53 57 54 55 58 Public safety 28 21 34 43 47 45 46 Public works 159 151 154 159 173 183 174 ST. JOHN THE BAPTIST PARISH COUNCIL Health and welfare 1122222 LAPLACE, LOUISIANA SCHEDULE 18 -- OPERATING INDICATORS BY FUNCTION Culture and recreation 5576644 LAST SEVEN FISCAL YEARS Miscellaneous 20 21 15 16 11 11 13 (Unaudited)

Fiscal Year Total 290 276 265 283 293 300 297 Function 2006 2007 2008 2009 2010 2011 2012

Fire Emergency responses 1,676 1,640 1,824 1,329 1,163 1,064 1,661 Fires extinguished 458 291 436 335 362 333 272 Refuse collection Refuse collected (tons per day) Not Available Not Available Not Available Not Available Not Available Not Available Not Available Source: St. John Parish Finance Department Recyclables collected (tons per day) Not Available Not Available Not Available Not Available Not Available Not Available Not Available Water Note: Information for fiscal years prior to 2006 is not available. New connections 417 250 355 389 72 53 58 Water main breaks 24 31 31 29 26 24 21 Average daily consumption (thousands of gallons) 4,818 4,496 4,808 4,655 4,322 5,119 5,119 Peak daily consumption (thousands of gallons) Not Available Not Available Not Available Not Available Not Available Not Available Not Available Other public works Street resurfacing (miles) ------Potholes repaired 41 66 94 157 76 64 64 Health and welfare Not Available Not Available Not Available Not Available Not Available Not Available Not Available Culture and recreation Not Available Not Available Not Available Not Available Not Available Not Available Not Available Wastewater Average daily sewage treatment (thousands of gallons) 2,283 2,295 2,386 2,280 3,219 5,600 5,910

Source: St. John the Baptist Parish Finance and Public Safety Departments

Notes: Indicators are not available for the general government function.

Information for fiscal years prior to 2006 is not available.

136

135 (THIS PAGE IS INTENTIONALLY LEFT BLANK) ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA SCHEDULE 19 -- CAPITAL ASSET STATISTICS BY FUNCTION LAST SEVEN FISCAL YEARS (Unaudited)

Fiscal Year Function 2006 2007 2008 2009 2010 2011 2012

Fire Stations 17 17 17 17 17 17 17 Pieces of equipment 53504839395252 Water Water mains (miles) Not available Not available Not available Not available Not available Not available Not available Fire hydrants 2,328 2,390 2,405 2,494 Storage capacity Not available Not available Not available Not available Not available Not available Not available (thousands of gallons) Other public works Streets (miles) 230 230 230 230 230 230 230 Highways (miles) State owned State owned State owned State owned State owned State owned State owned Bridges State owned State owned State owned State owned State owned State owned State owned Streetlights State owned State owned State owned State owned State owned State owned State owned Traffic signals State owned State owned State owned State owned State owned State owned State owned Health and welfare Not available Not available Not available Not available Not available Not available Not available Culture and recreation Parks 8 9 9 10 10 11 11 Wastewater Sanitary and storm sewers (miles) Not available Not available Not available Not available Not available Not available Not available Treatment plants 7 7 7 7 7 7 7 Low-lift stations 155 160 160 160 187 183 188 Treatment capacity Not available Not available Not available Not available Not available Not available Not available

Source: St. John the Baptist Parish Finance and Public Safety Departments

Notes: Indicators are not available for the general government function.

Information for fiscal years prior to 2006 is not available.

137 REPORTS REQUIRED BY GOVERNMENT AUDITING STANDARDS AND (THIS PAGE IS INTENTIONALLY LEFT BLANK) THE SINGLE AUDIT ACT  Carr,Riggs&Ingram,LLC  3501NorthCausewayBoulevard  Suite810  Metairie,Louisiana70002    (504)837Ͳ9116  (504)837Ͳ0123(fax)  www.CRIcpa.com deficiency, or a combination of deficiencies, in internal control such that there is a reasonable  possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. We consider the deficiency described in the  accompanying schedule of findings and questioned costs, as item 2012-01 to be a material  weakness. INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER  FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED Compliance and Other Matters ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE  WITH GOVERNMENT AUDITING STANDARDS As part of obtaining reasonable assurance about whether the Parish’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of  laws, regulations, contracts, and grant agreements, noncompliance with which could have a  To the Honorable President direct and material effect on the determination of financial statement amounts. However, And Members of the Council providing an opinion on compliance with those provisions was not an objective of our audit, and  St. John the Baptist Parish Council accordingly, we do not express such an opinion. The results of our tests disclosed no instances of LaPlace, Louisiana noncompliance or other matters that are required to be reported under Government Auditing  Standards.  We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government The Parish’s Response to Findings  Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities, the aggregate discretely The Parish’s response to the findings identified in our audit is described in the accompanying  presented component units, each major fund, and the aggregate remaining fund information of schedule of findings and questioned costs. The Parish’s response was not subjected to the St. John the Baptist Parish Council (the “Parish”), as of and for the year ended December 31, auditing procedures applied in the audit of the financial statements and, accordingly, we express  2012, and the related notes to the financial statements, which collectively comprise the Parish’s no opinion on it.  basic financial statements and have issued our report thereon dated June 26, 2013. Purpose of this Report  Internal Control Over Financial Reporting This report is intended solely for the information and use of the Council, the Parish’s  In planning and performing our audit of the financial statements, we considered the Parish’s management, the Legislative Auditor of the State of Louisiana, and federal awarding agencies internal control over financial reporting (internal control) to determine the audit procedures that and pass-through entities, and is not intended to be and should not be used by anyone other than  are appropriate in the circumstances for the purpose of expressing our opinions on the financial these specified parties.  statements, but not for the purpose of expressing an opinion on the effectiveness the Parish’s internal control. Accordingly, we do not express an opinion on the effectiveness of the Parish’s The purpose of this report is solely to describe the scope of our testing of internal control and  internal control. compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Parish’s internal control or on compliance. This report is an integral part of an audit  Our consideration of internal control was for the limited purpose described in the preceding performed in accordance with Government Auditing Standards in considering the Parish’s paragraph and was not designed to identify all deficiencies in internal control that might be internal control and compliance. Accordingly, this communication is not suitable for any other  material weaknesses or significant deficiencies and therefore, material weaknesses or significant purpose. Under Louisiana Revised Statute 24:513, this report is distributed by the Legislative  deficiencies may exist that were not identified. However, as described in the accompanying Auditor as a public document. schedule of findings and questioned costs, we identified a certain deficiency in internal control  that we consider to be a material weakness. Carr, Riggs & Ingram, LLC A deficiency in internal control exists when the design or operation of a control does not allow June 26, 2013 management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a

Ͳ 138 139  Carr,Riggs&Ingram,LLC  3501NorthCausewayBoulevard  Suite810  Metairie,Louisiana70002    (504)837Ͳ9116 We believe that our audit provides a reasonable basis for our opinion on compliance for each  (504)837Ͳ0123(fax)  www.CRIcpa.com major federal program. However, our audit does not provide a legal determination of the Parish’s  compliance.

 Opinion on Each Major Federal Program

 In our opinion, the Parish, complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major  INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE FOR EACH MAJOR federal programs for the year ended December 31, 2012. PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY  OMB CIRCULAR A-133 Report on Internal Control Over Compliance  Management of the Parish is responsible for establishing and maintaining effective internal  To the Honorable President control over compliance with the types of compliance requirements referred to above. In and Members of the Council planning and performing our audit of compliance, we considered the Parish’s internal control  St. John the Baptist Parish Council over compliance with the types of requirements that could have a direct and material effect on LaPlace, Louisiana  each major federal program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for each major federal Report on Compliance for Each Major Federal Program  program and to test and report on internal control over compliance in accordance with OMB Circular A-133, but not for the purpose of expressing an opinion on the effectiveness of internal  We have audited St. John the Baptist Parish Council’s (the “Parish”) compliance with the types control over compliance. Accordingly, we do not express an opinion on the effectiveness of the of compliance requirements described in the OMB Circular A-133 Compliance Supplement that Parish’s internal control over compliance.  could have a direct and material effect on each of the Parish’s major federal programs for the year ended December 31, 2012. The Parish’s major federal programs are identified in the  A deficiency in internal control over compliance exists when the design or operation of a control summary of auditor’s results section of the accompanying schedule of findings and questioned over compliance does not allow management or employees, in the normal course of performing costs.  their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal  Management’s Responsibility control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of  Management is responsible for compliance with the requirements of laws, regulations, contracts, compliance requirement of a federal program will not be prevented, or detected and corrected, on and grants applicable to its federal programs.  a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance Auditor’s Responsibility  requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance.  Our responsibility is to express an opinion on compliance for each of the Parish’s major federal programs based on our audit of the types of compliance requirements referred to above. We  Our consideration of internal control over compliance was for the limited purpose described in conducted our audit of compliance in accordance with auditing standards generally accepted in the first paragraph of this section and was not designed to identify all deficiencies in internal the United States of America; the standards applicable to financial audits contained in  control over compliance that might be material weaknesses or significant deficiencies. We did Government Auditing Standards, issued by the Comptroller General of the United States; and not identify any deficiencies in internal control over compliance that we consider to be material  OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. weaknesses. However, material weaknesses may exist that have not been identified. 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 audit includes examining, on a test basis, evidence about the Parish’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances.

Ͳ 140 141 ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS The purpose of this report on internal control over compliance is solely to describe the scope of For the Year Ended December 31, 2012 our testing of internal control over compliance and the results of that testing based on the requirements of OMB Circular A-133, and is intended solely for the information and use of the Council, the Parish’s management, the Legislative Auditor of the State of Louisiana, and federal Grant Federal awarding agencies and pass-through entities, and is not intended to be and should not be used by Federal Grantor/Pass-Through Pass-Through CFDA Federal anyone other than these specified parties. Under Louisiana Revised Statute 24:513, this report is or Grantor/Program or Cluster Title Number Number Expenditures distributed by the Legislative Auditor as a public document. United States Department of Homeland Security

Passed-through Louisiana Department of Carr, Riggs & Ingram, LLC Military Affairs:

June 26, 2013 Public Assistance Grant – Hurricane Isaac * 4080-DR-LA 97.036 $ 4,677,757

Hazard Mitigation Grant Program * SRL-PJ-06-LA 97.039 165,384

Emergency Management Performance Grant 97.042 44,062

Total United States Department of Homeland Security 4,887,203

United States Department of Health and Human Services

Passed-through the Louisiana Housing Finance Agency:

Low-Income Home Energy Assistance (LIHEAP) PY2012 93.568 277,904

Community Services Block Grant (CSBG) 2012P0072 93.569 112,870

Cities Readiness Initiative 93.069 17,457

Total United States Department of Health and Human Services 408,231

United States Department of Agriculture

Passed-through the Louisiana Department of Health and Human Resources:

Summer Food Service Program for Children 10.559 176,524

(Continued)

142 143 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL LAPLACE, LOUISIANA LAPLACE, LOUISIANA SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (CONTINUED) SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (CONTINUED) For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

Grant Federal Grant Federal Federal Grantor/Pass-Through Pass-Through CFDA Federal Federal Grantor/Pass-Through Pass-Through CFDA Federal or Grantor/Program or Cluster Title Number Number Expenditures or Grantor/Program or Cluster Title Number Number Expenditures

United States Department of Transportation Total United States Department of Agriculture $ 176,524 Recreational Trails Program * H.007559.6 20.219 $ 868,885

United States Department of Energy Highway Planning and Construction H.009282 20.205 8,097 Energy Efficiency and Conservation Block Grant EEA-1046 81.128 245,529 United States Department of Transportation 876,982

Total United States Department of Total Federal Awards $7,357,660 Energy 245,529

United States Department of Interior

Coastal Impact Assistance Program M11AF00194 15.426 232,234

Total United States Department of Interior 232,234

United States Department of Treasury

Volunteer Income Tax Assistance (VITA) Matching Grant Program 21.009 336

Total United States Department of Treasury 336

United States Department of Housing and Urban Development

Community Development Block Grants 684277 14.218 530,621

Total United States Department of Housing and Urban Development 530,621

(Continued)

* This program is considered a “major” program under OMB Circular A-133.

The accompanying Notes to Schedule of Expenditures of Federal Awards are an integral part of this schedule.

144 145 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS SCHEDULE OF FINDINGS AND QUESTIONED COSTS For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

NOTE 1 - GENERAL A. SUMMARY OF AUDITOR’S RESULTS

The accompanying Schedule of Expenditures of Federal Awards presents the activity of all 1. The auditor’s report expresses an unqualified opinion on the financial statements of the St. federal financial assistance programs of the St. John the Baptist Parish Council (the John the Baptist Parish Council (the “Parish”). “Parish”). The Parish reporting entity is defined in Note 1 to the basic financial statements for the year ended December 31, 2012. All federal financial assistance received directly 2. One (1) control deficiency in internal control over financial reporting is reported in the from federal agencies is included on the schedule, as well as federal financial assistance Report on Internal Control Over Financial Reporting and on Compliance and Other Matters passed-through other government agencies. Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards. This deficiency is considered to be a material weakness (2012-01). NOTE 2 - BASIS OF ACCOUNTING 3. No instances of noncompliance material to the financial statements of the Parish are reported The accompanying Schedule of Expenditures of Federal Awards is presented using the in the Independent Auditor’s Report on Internal Control Over Financial Reporting and on modified accrual basis of accounting, in accordance with generally accepted accounting Compliance and Other Matters Based on an Audit of the Financial Statements Performed in principles, which is described in Note 1 to the Parish’s basic financial statements for the year Accordance with Government Auditing Standards. ended December 31, 2012. 4. No significant deficiencies relating to the audit of major federal award programs are reported in the Independent Auditor’s Report on Compliance for Each Major Program and on Internal Control Over Compliance in Accordance with OMB Circular A-133.

5. The auditor’s report on compliance for the major federal award programs for the Parish expresses an unqualified opinion on all major federal programs.

6. The auditor’s report on compliance for the major federal award programs disclosed no findings that are required to be reported in accordance with Section 510(a) of OMB Circular A-133.

7. The following programs were identified as major programs:

Name of Federal Program (or Cluster) CFDA No.

Public Assistance Grant – Hurricane Isaac 97.036 Hazard Mitigation Grant Program 97.039 Recreational Trails Program 20.219

8. The threshold for distinguishing Types A programs was $300,000.

9. A determination was made that the Parish was a low-risk auditee.

10. A management letter was not issued for the year ended December 31, 2012.

146 147 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) For the Year December 31, 2012 For the Year December 31, 2012

B. FINDINGS RELATED TO THE FINANCIAL STATEMENTS x Additions should be entered into the fixed assets listing as of the date they were placed into service. 2012-01: INTERNAL CONTROLS OVER FIXED ASSETS x Adopt a universal identification numbering system for fixed assets in order to better track assets after they have been placed into service. Classification – Material Weakness x Perform a physical inventory of its fixed assets and reconcile them to its fixed assets listing. Observation – We noted several errors that cumulatively indicated a weakness in internal x Ensure that appropriate personnel are adequately trained with respect to fixed control surrounding the accuracy of the Parish’s fixed assets listing. The errors primarily assets accounting utilizing the AS400 accounting software system. occurred due to the Parish’s Finance Department being focused on other critical accounting responsibilities during the Hurricane Isaac recovery.

We noted the following matters: C. FINDINGS AND QUESTIONED COSTS RELATED TO MAJOR FEDERAL AWARD PROGRAMS x Finance Department personnel were unable to properly calculate depreciation expense for the current year. There were no findings pertaining to major Federal award programs noted during the year ended x Certain current year additions to fixed assets were entered with incorrect in December 31, 2012. service dates. x Certain land that was purchased in the current year by the Parish was not timely recorded in the fixed assets listing. x Current year completed construction in progress projects were not timely recorded in the fixed assets listing. x Certain vehicles that were damaged by Hurricane Isaac could not be located on the fixed assets listing. x Certain current year improvements to the utilities and sewerage systems were recorded in the fixed assets listing twice. x Several equipment and vehicles purchased in the current year were not timely recorded in the fixed assets listing.

Background – The Parish maintains its accounting records with the AS400 accounting software system. These records account for expenses occurring at the fund level. Capital outlay expenditures at the fund financial statement level should correlate to the fixed asset additions in the current year. These expenditures are removed from expense on the government wide financial statements and converted into capital assets. We noted several errors when reconciling the AS400 fixed assets listing to the underlying financial records.

The accounting errors primarily occurred due to the Parish’s Finance Department being focused on other critical accounting responsibilities related to Hurricane Isaac recovery. In addition, the Parish’s Finance Department lacked adequate training with respect to the AS400 fixed asset accounting system.

Recommendation – We recommend the Parish implement the following policies and procedures to improve its internal controls over fixed assets: x Ensure that construction projects are properly removed from construction in progress and entered into the fixed assets listing upon completion.

148 149 ST. JOHN THE BAPTIST PARISH COUNCIL ST. JOHN THE BAPTIST PARISH COUNCIL SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS MANAGEMENT’S CORRECTIVE ACTION PLAN For the Year Ended December 31, 2012 For the Year Ended December 31, 2012

SECTION I FINDINGS RELATED TO FINANCIAL STATEMENT AUDIT SECTION I FINDINGS RELATED TO FINANCIAL STATEMENT AUDIT

There were no findings related to the financial statement audit in the prior year. 2012-01: INTERNAL CONTROLS OVER FIXED ASSETS

SECTION II FINDINGS RELATED TO MAJOR FEDERAL AWARD PROGRAMS Classification – Material Weakness

There were no findings related to major federal award programs in the prior year. Corrective Action Plan – The Parish will adopt an identification numbering system for fixed assets in order to track all assets once they are placed in service. New additions will be entered SECTION III OBSERVATIONS REPORTED IN THE MANAGEMENT LETTER into the fixed assets system as od the date they were placed into service.

A Management Letter was not issued in the prior year. The Parish will ensure that construction projects are properly removed from construction in progress and entered into the fixed assets listing upon completion.

The Parish will ensure that appropriate personnel are properly trained in order to process future fixed assets in the AS400 accounting software system.

SECTION II FINDINGS RELATED TO MAJOR FEDERAL AWARD PROGRAMS

There were no findings pertaining to major Federal award programs noted during the year ended December 31, 2012.

150 151

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APPENDIX “C”

UNAUDITED FINANCIAL REPORT FOR FISCAL YEAR ENDING DECEMBER 31, 2013

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APPENDIX “D”

BUDGET SUMMARY St. John the Baptist Parish 2014 Summarized Budget

GENERAL SPECIAL REVENUE ENTERPRISE DEBT SERVICE CAPITAL PROJECTS FUND FUNDS FUNDS FUNDS FUNDS TOTAL

REVENUES AD VALOREM 2,251,506 4,741,940 212,325 5,529,238 12,735,009 SALES& USES 470,000 20,579,355 21,049,355 LICENSES & PERMITS 1,400,450 51,500 94,640 1,546,590 STATE GRANTS 190,000 246,740 436,740 FEDERAL GRANTS 1,920,150 1,920,150 LOCAL GRANTS 50,000 50,000 SERVICE FEES 50,500 1,203,720 17,460,228 18,714,448 FINES & FORFEITURES 1,895,000 1,895,000 INTEREST INCOME 5,000 136,575 17,300 41,685 840 201,400 OTHER REVENUE 196,500 1,820,170 219,240 2,235,910 TOTAL REVENUE 4,563,956 32,645,150 18,003,733 5,570,923 840 60,784,602

EXPENDITURES SALARIES 2,385,142 6,774,141 4,175,390 13,334,673 EMPLOYEE BENEFITS 1,277,560 3,606,570 2,795,559 7,679,689 GENERAL GOVERNMENT 2,218,201 2,218,201 ~ PUBLIC SAFETY 999,300 3,946,532 4,945,832 HEALTH & WELFARE 202,700 1,487,563 770,510 2,460,773 ECONOMIC DEVELOPMENT 1,409,470 1,409,470 PUBLIC TRANSPORTATION 6,043,050 6,043,050 DEBT SERVICE 1 '177,676 112,435 7,660,933 8,951,044 RECREATION 525,130 525,130 PUBLIC UTILITIES 10,562,753 939,950 11,502,703 TOTAL EXPENDITURES 8,260,579 23,792,456 18,416,647 7,660,933 939,950 59,070,565

Excess(Deflciency) of Revenues over expenses (3,696,623) 8,852,694 (412,914) (2 ,090,010) (939,110) 1,714,037

Other financing sources( uses) Transfers In 3,914,185 5,584,200 4,581,000 2,893,419 940,000 17,912,804 Transfers Out (117,000) (16,931 ,176) (844,628) (20,000) (17,912,804) 3,797,185 (11 ,346,976) 3,736,372 2,873,419 940,000

Net change in fund balances 100,562 (2,494,282) 3,323,458 783,409 890 1,714,037

NOTE: Depreciation and amortization are not Included In this exhibit APPENDIX “E”

DEBT STATEMENT STATEMENT OF DIRECT AND UNDERLYING BONDED DEBT AS OF MAY 2, 2014 (The accompanying notes are an integral part of this statement.)

Principal Final Amount Interest Dated Maturity Principal Due Within N o t e s Name of Issuer & Issue R ates (%) Date Date Outstanding One Year

(1) Direct Debt of the Parish of St. John the Baptist, State of Louisiana (2) General Obligation Bonds, Series 2005 5.95 2/01/05 3/01/15 60,000 60,000 (2) General Obligation Refunding Bonds, Series 2008A (Drainage) 3.59 11/06/08 3/01/18 1,680,000 395,000 (2) General Obligation Refunding Bonds, Series 2008B (Building) 3.59 11/06/08 3/01/18 340,000 80,000 (2) General Obligation Bonds, Series 2009 3.625-4.75 8/01/09 3/01/29 24,840,000 1,115,000 (2) General Obligation Refunding Bonds, Series 2011 3.0-5.0 11/15/11 3/01/22 7,580,000 810,000 (2) General Obligation Refunding Bonds, Series 2013 2.25 11/13/13 3/01/24 5,980,000 435,000 (3) Water Revenue Refunding Bonds, Series 2012 1.6-2.95 3/20/12 12/01/28 4,470,000 255,000 (3) Taxable Water Revenue Bonds, Series 2013 3.45 9/18/13 12/01/34 4,375,000 0 (4) Certificates of Indebtedness, Series 2004 (R-1) 4.78 10/20/04 4/01/20 305,000 45,000 (4) Certificates of Indebtedness, Series 2004 (R-2) 0 10/20/04 4/01/20 54,000 8,000 (4) Certificates of Indebtedness, Series 2005 3.8 6/07/05 4/01/15 90,000 90,000 (4) Certificates of Indebtedness, Series 2007 4.08 11/08/07 4/01/17 240,000 70,000 (4) Certificates of Indebtedness, Series 2007A 4.25 12/21/07 4/01/17 69,000 22,000 (4) Certificates of Indebtedness, Series 2011 2.0 2/15/11 4/01/15 209,000 209,000 (4) Revenue Bonds, Series 2006 4.18 8/09/06 4/01/18 2,229,000 520,000 (4) Revenue Bonds, Series 2006A 4.18 9/26/06 4/01/18 214,000 50,000 (5) Revenue Bonds, Series 2009 3.0-4.25 8/04/09 8/01/19 275,000 40,000 (6) Public Improvement Bonds, Series ST-1995 5.85 7/01/95 1/01/15 155,000 155,000 (7) Sales Tax Bonds, Series 2005 3.8-4.2 2/01/05 2/01/20 635,000 95,000 (7) Sales Tax Bonds, Series 2006 4.65-6.0 8/01/06 2/01/20 390,000 60,000

(8) Special Limited Obligations of the Parish of St. John the Baptist, State of Louisiana (9) Fixed Rate Revenue Bonds, (Marathon Oil Corporation Project) Series 2007A 5.125 6/26/07 6/01/37 1,000,000,000 0

(10) Underlying Debt of School District No. 1 of the Parish of St. John the Baptist, State of Louisiana* (2) General Obligation School Bonds, Series 2009 3.5-4.25 3/01/09 3/01/29 8,370,000 380,000 (2) General Obligation School Bonds, Series 2010 2.5-4.25 1/01/10 3/01/29 15,490,000 710,000 (2) General Obligation School Bonds, Series 2011 2.0-3.375 11/01/11 3/01/31 7,455,000 290,000 (2) Taxable General Obligation Bonds (QSCB), Series 2011 0.5 1/26/11 3/26/26 10,000,000 (a) (2) General Obligation School Refunding Bonds, Series 2012 1.98 8/30/12 3/01/22 2,355,000 250,000 (2) General Obligation School Bonds, Series 2013 2.0-5.0 1/09/13 3/01/32 11,205,000 415,000

* Excludes $10,180,000 General Obligation School Bonds, Series 2014, sold but not yet delivered.

(11) Underlying Debt of the Parish School Board of the Parish of St. John the Baptist, State of Louisiana (12) Sales Tax School Bonds, Series 2006 4.1-4.5 9/01/06 4/01/31 14,580,000 555,000

(13) Underlying Debt of St. John the Baptist Parish Sales Tax District (14) Public Improvement Bonds, Series ST-2010 3.0-4.125 3/01/10 12/01/29 14,980,000 5,000 (14) Public Improvement Refunding Bonds, Series ST-2010 2.0 12/14/10 12/01/14 1,900,000 1,900,000 (14) Public Improvement Bonds, Series ST-2012 0.95 10/24/12 12/01/32 1,297,000 63,000

(a) Various amounts are required to be deposited annually into a sinking fund.

E-1 NOTES

(1) The total 2013 assessed valuation of the Parish of St. John the Baptist, State of Louisiana, is approximately $545,942,764, of which approximately $461,382,331 is taxable. (2) Secured by and payable from unlimited ad valorem taxation. (3) Secured by and payable solely from the income and revenues to be derived from the operation of and other funds available to the system, after provisions have been made for the payment therefrom of the reasonable and necessary expenses of administering, operating and maintaining the system. (4) Secured by and payable solely from a pledge and dedication of the excess of annual revenues of the issuer above statutory, necessary and usual charges in each of the fiscal years during which the obligations and the outstanding parity obligations are outstanding. The 2004 certificates of the Parish are also payable from a pledge and dedication of the energy cost savings resulting from the performance based efficiency contract to construct, acquire and improve the energy retrofit projects. (5) Secured by and payable from an irrevocable pledge and dedication of the funds to be derived by the Parish from the levy and collection of a special 4.11 mills tax (such rate being subject to adjustment from time to time due to reassessment), which the Parish is authorized to impose and collect in each year. (6) Secured by and payable solely from an irrevocable pledge and dedication of the avails or proceeds of the issuer’s 0.375% sales and use tax now being levied and collected by the issuer in compliance with an election held on July 16, 1988, subject only to the prior payment of the reasonable and necessary costs and expenses of collecting and administering the tax. (7) Secured by and payable solely from an irrevocable pledge and dedication of the avails or proceeds received by the issuer from the levy and collection of the issuer’s 1/4% sales and use tax now being levied and collected by the issuer pursuant to an election held on September 29, 1984, subject only to the prior payment of the reasonable and necessary costs and expenses of collecting and administering said tax. (8) Obligations that do not constitute an indebtedness or a pledge of the general credit of the Parish and will not constitute an obligation or a charge against the taxing powers of the Parish. (9) Payable solely out of the revenues derived from or in connection with an Installment Sale Agreement, and other amounts specifically pledged in the Indenture, both dated May 1, 2007, between the Parish and Marathon Oil Corporation. (10) The total 2013 assessed valuation of School District No. 1 of the Parish of St. John the Baptist, State of Louisiana, is approximately $545,942,764, of which approximately $461,382,331 is taxable. (11) The Parish School Board of the Parish of St. John the Baptist, State of Louisiana is parishwide and has the same assessed valuation as the Parish. See Note (1). (12) Secured by and payable solely from an irrevocable pledge and dedication of a of the avails or proceeds of the special 1% sales and use tax now being levied and collected by the governing authority, pursuant to an election held on May 19, 1979, and rededicated at an election held on July 18, 1992, subject only to the prior payment of the reasonable and necessary costs and expenses of collecting and administering said tax. (13) The St. John the Baptist Sales Tax District is parishwide. The District has the same assessed valuation as the Parish. See Note (1). (14) Secured by and payable solely from an irrevocable pledge and dedication of the avails or proceeds of the special 1% sales and use tax being levied and collected by the governing authority, pursuant to elections held within the corporate boundaries of the issuer on November 16, 1985, January 19, 2002 and November 2, 2010, subject only to the prior payment of the reasonable and necessary costs and expenses of collecting and administering the tax.

(The above debt statement excludes certain pollution control revenue bonds and industrial revenue bonds of the Parish of St. John the Baptist, the outstanding indebtedness of the Port of South Louisiana, and all operating and capital leases.)

E-2

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APPENDIX “F”

ANNUAL DEBT SERVICE REQUIREMENTS ANNUAL DEBT SERVICE REQUIREMENTS ON OUTSTANDING DEBT AND GENERAL OBLIGATION BONDS, SERIES 2014, OF PARISH OF ST. JOHN THE BAPTIST, STATE OF LOUISIANA

OUTSTANDING BONDS (a) SERIES 2014 BONDS TOTAL REQUIREMENTS

CALENDAR (3/1) (3/1; 9/1) YEAR PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST TOTAL

2014 2,820,000.00 1,568,792.50 4,388,792.50 118,968.75 118,968.75 2,820,000.00 1,687,761.25 4,507,761.25 2015 2,895,000.00 1,493,645.50 4,388,645.50 900,000.00 519,750.00 1,419,750.00 3,795,000.00 2,013,395.50 5,808,395.50 2016 3,040,000.00 1,387,261.50 4,427,261.50 900,000.00 501,750.00 1,401,750.00 3,940,000.00 1,889,011.50 5,829,011.50 2017 3,175,000.00 1,276,919.50 4,451,919.50 900,000.00 483,750.00 1,383,750.00 4,075,000.00 1,760,669.50 5,835,669.50 2018 3,325,000.00 1,156,784.50 4,481,784.50 900,000.00 464,625.00 1,364,625.00 4,225,000.00 1,621,409.50 5,846,409.50 2019 2,925,000.00 1,034,537.50 3,959,537.50 900,000.00 441,000.00 1,341,000.00 3,825,000.00 1,475,537.50 5,300,537.50 2020 3,075,000.00 922,634.38 3,997,634.38 900,000.00 414,000.00 1,314,000.00 3,975,000.00 1,336,634.38 5,311,634.38 2021 3,225,000.00 806,912.50 4,031,912.50 900,000.00 387,000.00 1,287,000.00 4,125,000.00 1,193,912.50 5,318,912.50 2022 3,400,000.00 677,809.38 4,077,809.38 900,000.00 360,000.00 1,260,000.00 4,300,000.00 1,037,809.38 5,337,809.38 2023 2,390,000.00 569,275.00 2,959,275.00 900,000.00 333,000.00 1,233,000.00 3,290,000.00 902,275.00 4,192,275.00 2024 2,510,000.00 483,568.75 2,993,568.75 900,000.00 308,250.00 1,208,250.00 3,410,000.00 791,818.75 4,201,818.75 2025 1,890,000.00 400,643.75 2,290,643.75 900,000.00 283,500.00 1,183,500.00 2,790,000.00 684,143.75 3,474,143.75 2026 1,990,000.00 320,618.75 2,310,618.75 900,000.00 256,500.00 1,156,500.00 2,890,000.00 577,118.75 3,467,118.75 2027 2,100,000.00 236,262.50 2,336,262.50 900,000.00 229,500.00 1,129,500.00 3,000,000.00 465,762.50 3,465,762.50 2028 2,210,000.00 145,987.50 2,355,987.50 900,000.00 202,500.00 1,102,500.00 3,110,000.00 348,487.50 3,458,487.50 2029 2,330,000.00 49,512.50 2,379,512.50 900,000.00 173,812.50 1,073,812.50 3,230,000.00 223,325.00 3,453,325.00 2030 900,000.00 143,437.50 1,043,437.50 900,000.00 143,437.50 1,043,437.50 2031 900,000.00 113,062.50 1,013,062.50 900,000.00 113,062.50 1,013,062.50 2032 900,000.00 81,562.50 981,562.50 900,000.00 81,562.50 981,562.50 2033 900,000.00 48,937.50 948,937.50 900,000.00 48,937.50 948,937.50 2034 900,000.00 16,312.50 916,312.50 900,000.00 16,312.50 916,312.50

TOTALS 43,300,000.00 12,531,166.00 55,831,166.00 18,000,000.00 5,881,218.75 23,881,218.75 61,300,000.00 18,412,384.75 79,712,384.75

(a) Outstanding: Unrefunded Series 2004, Unrefunded Series 2005, Refunding Series 2008 and Series 2009, Refunding Series 2011 and Refunding Series 2013. APPENDIX “G”

FORM OF LEGAL OPINION

OF

FOLEY & JUDELL, L.L.P. [FORM OF LEGAL OPINION]

Hon. Parish Council Parish of St. John the Baptist, State of Louisiana LaPlace, Louisiana

$18,000,000 GENERAL OBLIGATION BONDS, SERIES 2014, OF THE PARISH OF ST. JOHN THE BAPTIST, STATE OF LOUISIANA

We have acted as bond counsel to the Parish of St. John the Baptist, State of Louisiana (the “Issuer”), in connection with the issuance of the above captioned General Obligation Bonds, Series 2014 (the “Bonds”). The Bonds are issued in fully registered form, are dated, bear interest at the rates, are subject to redemption, and mature on the dates and in the principal amounts as set forth in the Ordinance (hereinafter defined).

The Bonds have been issued by the Issuer pursuant to an ordinance adopted by its governing authority on May 13, 2014 (the “Ordinance”), for the purposes set forth in the Ordinance, under the authority conferred by Article VI, Section 33 of the Constitution of the State of Louisiana of 1974, Sub-Part A, Part III, Chapter 4, Title 39 of the Louisiana Revised Statutes of 1950 (the “Act”), and other constitutional and statutory authority. The Bonds were authorized at an election held on November 16, 2013, the result of which election has been duly promulgated in accordance with law.

We have examined the provisions of the Constitution and statutes of the State of Louisiana, a certified transcript of the proceedings of the governing authority of the Issuer relating to the issuance of the Bonds, and such other documents, proofs and matters of law as we deemed necessary to render this opinion.

As to questions of fact material to our opinion, we have relied upon the certified proceedings and other certifications of public officials and others furnished to us without undertaking to verify the same by independent investigation.

On the basis of the foregoing examinations, we are of the opinion, as of the date hereof and under existing law, that:

G-1 1. The Bonds are valid and binding general obligations of the Issuer, and the full faith and credit of the Issuer is pledged for the payment of the Bonds.

2. All taxable property within the territory of the Issuer is subject to the levy of an ad valorem tax for the payment of the principal of and interest on the Bonds, without limit as to rate or amount.

3. Interest on the Bonds is excluded from gross income for federal income tax purposes and is not an item of tax preference for purposes of the federal alternative minimum tax imposed on individuals and corporations; it should be noted, however, that for the purpose of computing the alternative minimum tax imposed on certain corporations, such interest is taken into account in determining adjusted current earnings.

4. Under the Act, the Bonds are exempt from taxation in the State of Louisiana.

In rendering the opinion expressed in numbered paragraph 3 above, we have relied on representations of the Issuer with respect to questions of fact material to our opinion without undertaking to verify same by independent investigation, and have assumed continuing compliance with covenants in the Ordinance pertaining to those sections of the Internal Revenue Code of 1986, as amended, which affect the exclusion from gross income of interest on the Bonds for federal income tax purposes. In the event that such representations are determined to be inaccurate or incomplete or the Issuer fails to comply with the foregoing covenants in the Ordinance, interest on the Bonds could become included in gross income from the date of original delivery, regardless of the date on which the event causing such inclusion occurs.

Except as stated above, we express no opinion as to any federal, state or local tax consequences resulting from the ownership of, receipt of interest on or disposition of the Bonds.

It is to be understood that the rights of the owners of the Bonds and the enforceability of the Bonds and the Ordinance may be subject to bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting creditors' rights heretofore or hereafter enacted to the extent constitutionally applicable, and that their enforceability may also be subject to the exercise of the sovereign police powers of the State of Louisiana, or its governmental bodies, and the exercise of judicial discretion in appropriate cases.

Respectfully submitted,

G-2

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APPENDIX “H”

FORM OF CONTINUING DISCLOSURE CERTIFICATE

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[FORM OF CONTINUING DISCLOSURE CERTIFICATE]

$18,000,000 GENERAL OBLIGATION BONDS, SERIES 2014, OF THE PARISH OF ST. JOHN THE BAPTIST, STATE OF LOUISIANA

This Continuing Disclosure Certificate (the “Disclosure Certificate”) is executed and delivered by the Parish of St. John the Baptist, State of Louisiana (the “Issuer”), acting through its Parish President and the Secretary of its governing authority, the Parish Council of the Issuer, in connection with the issuance of the above captioned issue of General Obligation Bonds, Series 2014 (the “Bonds”). The Bonds are being issued pursuant to an ordinance adopted by the governing authority of the Issuer on May 13, 2014 (the “Ordinance”), and are described in that certain Official Statement dated May 13, 2014 (the “Official Statement”) which contains certain information concerning the Issuer, the Bonds and certain financial and other information relating thereto. The Issuer covenants and agrees as follows:

SECTION 1. Definitions. In addition to the definitions set forth in the Ordinance, which apply to any capitalized term used in this Disclosure Certificate unless otherwise defined in this Section, the following capitalized terms shall have the following meanings:

“Annual Report” shall mean any Annual Report provided by the Issuer pursuant to, and as described in, Sections 3 and 4 of this Disclosure Certificate.

“Dissemination Agent” initially shall mean the Council Secretary of the Governing Authority, or any successor Dissemination Agent designated by the Issuer, whose mailing address is 1801 W. Airline Highway, LaPlace, Louisiana 70068.

“Governing Authority” shall mean the Parish Council of the Parish of St. John the Baptist, State of Louisiana.

“Listed Events” shall mean any of the events listed in Section 5(a) of this Disclosure Certificate.

“MSRB” shall mean the Municipal Securities Rulemaking Board, which has been designated by the Securities and Exchange Commission as the single centralized repository for the collection and availability of continuing disclosure documents for purposes of the Rule. The continuing disclosure documents must be provided to the MSRB in portable document format (PDF) to the following:

Municipal Securities Rulemaking Board Electronic Municipal Market Access Center http://emma.msrb.org

“Official Statement” shall mean the Official Statement with respect to the Bonds and the Issuer dated May 13, 2014.

H-1 “Participating Underwriter” shall mean Stephens Inc., the original Purchaser (as defined in the Ordinance) of the Bonds required to comply with the Rule in connection with an offering of the Bonds.

“Repositories” shall mean the MSRB and the State Information Depository, if any.

“Ordinance” shall mean the ordinance as adopted by the Governing Authority on May 13, 2014, authorizing the issuance of the Bonds.

“Rule” shall mean Rule 15c2-12 (b) (5) adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as the same may be amended from time to time.

“State Information Depository” shall mean any public or private depository or entity designated by the State of Louisiana as a state depository for the purpose of the Rule. As of the date of this Disclosure Certificate, there is no State Information Depository.

SECTION 2. Purpose of the Disclosure Certificate. This Disclosure Certificate is being executed and delivered by the Issuer for the benefit of the owners of the Bonds, including owners of beneficial interests in the Bonds, and the Participating Underwriter, and in order to assist the Participating Underwriter in complying with the Rule.

SECTION 3. Provision of Annual Reports.

(a) The Issuer shall, or shall cause the Dissemination Agent to, in each year no later than six (6) months from the end of the Issuer's first fiscal year ending after issuance of the Bonds, with the first such report to be due not later than June 30, 2015, provide to the Repositories an Annual Report which is consistent with the requirements set forth below. The Annual Report may be submitted as a single document or as separate documents comprising a package, and may cross-reference other information as set forth below; provided that the audited financial statements of the Issuer and the Board may be submitted separately from the balance of the Annual Report.

(b) If the Dissemination Agent is unable to provide to the Repositories an Annual Report by the date required in (a) above, the Issuer shall send a Notice of Failure to File Annual Report to each of the Repositories, in substantially the form attached as Exhibit A.

(c) The Dissemination Agent shall determine each year prior to the date for providing the Annual Report the name and address of each of the Repositories.

SECTION 4. Content of Annual Reports. The Annual Report shall contain or incorporate by reference the following:

(a) Audited financial statements for the preceding fiscal year. If the Issuer's audited financial statements are not available by the time the Annual Report is required to be filed pursuant to Section 3(a), the Annual Report shall contain unaudited financial statements in a format similar to the financial statements contained in the final Official Statement, and the audited financial statements shall be filed in the same manner as the Annual Report when they become available.

H-2 (b) Basis of accounting used by the Issuer in reporting its financial statements. The Issuer follows GAAP principles and mandated Louisiana statutory accounting requirements as in effect from time to time. In the event of any material change in such requirements the impact of such changes will be described in the Annual Report of the year such change occurs.

(c) The total amount of debt of the Issuer, as well as any general obligation debt which has been authorized but not yet issued.

(d) Any material changes in the assessment procedures and the homestead exemption as authorized by law.

(e) The assessed value of taxable property in the Issuer and homestead exemptions for the most recent tax year available from the Louisiana Tax Commission.

(f) The assessed value of property by classifications for the Issuer for the most recent tax year available from the Louisiana Tax Commission.

(g) The ad valorem tax levies and collections of the Issuer for the prior tax year.

(h) The millage rates for the prior tax year.

(i) A listing of the ten largest ad valorem taxpayers within the Issuer for the prior tax year.

Any or all of the items listed above may be incorporated by reference from other documents, including official statements of debt issues of the Issuer or related public entities, which have been submitted to each of the Repositories or the Securities and Exchange Commission. If the document incorporated by reference is a deemed final official statement, it shall be available from the MSRB. The Issuer shall clearly identify each such other document so incorporated by reference.

SECTION 5. Reporting of Listed Events. (a) This section shall govern the giving of notices of the occurrence of any of the following Listed Events with respect to the Bonds:

(i) Principal and interest payment delinquencies; (ii) Non-payment related defaults, if material; (iii) Unscheduled draws on debt service reserves reflecting financial difficulties; (iv) Unscheduled draws on credit enhancements reflecting financial difficulties; (v) Substitution of credit or liquidity providers, or their failure to perform; (vi) Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status of the Bonds, or other material events affecting the tax status of the Bonds; (vii) Modifications to rights of Bondholders, if material; (viii) Bond calls, if material, and tender offers; (ix) Defeasances; (x) Release, substitution, or sale of property securing repayment of the Bonds, if material; (xi) Rating changes;

H-3 (xii) Bankruptcy, insolvency, receivership or similar event of the Issuer; (xiii) The consummation of a merger, consolidation, or acquisition involving an Issuer or the sale of all or substantially all of the assets of the Issuer, other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material; or (xiv) Appointment of a successor or additional trustee or the change of name of a trustee, if material.

(a) Whenever the Issuer obtains knowledge of the occurrence of a Listed Event, the Issuer shall direct the Dissemination Agent as soon as possible, but in no event more than ten business days after the occurrence of the event, to file a notice of such occurrence with the MSRB and with any State Information Depository.

SECTION 6. Management Discussion of Items Disclosed. If an item required to be disclosed as part of the Annual Report or the Listed Events would be misleading without discussion, the Issuer shall additionally provide a statement clarifying the disclosure in order that the statement made will not be misleading in light of the circumstances in which it is made.

SECTION 7. Termination of Reporting Obligation. The obligations of the Issuer under this Disclosure Certificate shall terminate upon the defeasance, prior redemption or payment in full of all of the Bonds.

SECTION 8. Dissemination Agent. The Issuer may, from time to time, appoint or engage a successor Dissemination Agent to assist it in carrying out its obligations under this Disclosure Certificate, and may discharge any such Dissemination Agent, with or without appointing a successor Dissemination Agent.

SECTION 9. Amendment; Waiver. Notwithstanding any other provision of this Disclosure Certificate, the Issuer may amend this Disclosure Certificate, and any provision of this Disclosure Certificate may be waived, if:

(a) The amendment or waiver is made in connection with a change in circumstances that arises from a change in legal requirements, change in law, or change in the identity, nature, or status of the Issuer, or type of business conducted;

(b) This Disclosure Certificate, as amended, or the provision, as waived, would have complied with the requirements of the Rule at the time of the primary offering, after taking into account any amendments or interpretations of the Rule, as well as any change in circumstances; and

(c) The amendment or waiver does not materially impair the interests of the beneficial owners of the Bonds, as determined either by an opinion of a nationally recognized bond counsel or by approving vote of the holders of the Bonds pursuant to the terms of the Ordinance at the time of the amendment.

H-4 In the event of any such amendment or waiver of a provision of this Disclosure Certificate, the Issuer shall describe such amendment in the next Annual Report relating to the Issuer and shall include, as applicable, a narrative explanation of the reason for the amendment or waiver and its impact on the type (or in the case of change of accounting principles, on the presentation) of financial information or operating data being presented by or in respect of the Issuer.

SECTION 10. Additional Information. Nothing in this Disclosure Certificate shall be deemed to prevent the Issuer from disseminating any other information, using the means of dissemination set forth in this Disclosure Certificate or any other means of communication, or including any other information in any Annual Report or notice of occurrence of a Listed Event, in addition to that which is required by this Disclosure Certificate. If the Issuer chooses to include any information in any Annual Report or notice of occurrence of a Listed Event in addition to that which is specifically required by this Disclosure Certificate, the Issuer shall not have any obligation under this Disclosure Certificate to update such information or include it in any future Annual Report or notice of occurrence of a Listed Event.

SECTION 11. Default. In the event of a failure of the Issuer to comply with any provision of this Disclosure Certificate any Bond owner (including any owner of a beneficial interest in the Bonds) or the Participating Underwriter may take such actions as may be necessary and appropriate, to cause the Issuer to comply with its obligations under this Disclosure Certificate. A default under this Disclosure Certificate shall not be deemed an event of default under the Ordinance, and the sole remedy under this Disclosure Certificate in the event of any failure of the Issuer to comply with this Disclosure Certificate shall be an action to compel performance.

SECTION 12. Beneficiaries. This Disclosure Certificate shall inure solely to the benefit of the Issuer, the Dissemination Agent, the Participating Underwriter and owners (including any owner of a beneficial interest in the Bonds) from time to time of the Bonds, and shall create no rights in any other person or entity.

SECTION 13. Other Stipulations. Any document submitted to the MSRB pursuant to this Disclosure Certificate shall be accompanied by identifying information as prescribed by the MSRB. Any document submitted to the MSRB pursuant to this Disclosure Certificate shall be word-searchable (without regard to diagrams, images and other non-textual elements).

IN FAITH WHEREOF, the undersigned has executed this Continuing Disclosure Certificate on this, the ____ day of ______, 2014.

PARISH OF ST. JOHN THE BAPTIST, STATE OF LOUISIANA

By: President, Parish Council

By: Secretary, Parish Council

H-5 EXHIBIT A to Continuing Disclosure Certificate

NOTICE TO REPOSITORIES OF FAILURE TO FILE ANNUAL REPORT

Name of Issuer: Parish of St. John the Baptist, State of Louisiana

Name of Bond Issue: $______General Obligation Bonds, Series 2014

Date of Issuance: ______, 2014

NOTICE IS HEREBY GIVEN that the Issuer has not provided an Annual Report as required by the Continuing Disclosure Certificate executed in connection with the above-described bonds. The Issuer anticipates that its Annual Report will be filed by ______.

Date: ______.

PARISH OF ST. JOHN THE BAPTIST, STATE OF LOUISIANA

By: Title:

H-6