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Committee reviews budget-to-actuals, Hurricane Ida costs and audit findings
Summary
The Business Committee reviewed monthly budget-to-actuals through Jan. 31, 2025, heard that Hurricane Ida expenditures total $138.4 million with $64.0 million in FEMA receipts, and received audit findings including noncompliance with the Louisiana budget law and IT control recommendations.
The Business Committee for Insurance, Finance and Transportation met Feb. 19, 2025, and received financial updates from the committee’s finance presenter, Miss Chastain. She told the committee that, through Jan. 31, 2025, the district had collected 59.2% of budgeted revenues — $68,779,837 — and that $45,900,000 of that total came from Minimum Foundation Program funding. "We have collected 59.2% of the revenue budgeted for a total of $68,779,837," she said.
Chastain said 81.2% of budgeted expenditures had been expended or obligated, totaling $128,146,354. She detailed fund-level results, reporting that the…
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