By JIM BUTLER
Notes from legislative audits released this month:
LSUA Foundation
The LSUA Foundation had net revenues of $6.76 million in the year ending June 30.
Of that, $1.5 million was unrealized gains on investments and $1.8 million in donations released from previously restricted use.
Expenses totaled $3.2 million. Of that, $151,000 went to Athletic Association costs and $535,000 to support services.
Primary fund spending included $484,000 for scholarships and awards and $205,000 for professorships.
CLTCC
Central Louisiana Technical Community College had net operating revenues of $5.63 million.
That included $2.4 million in tuition and fees, federal grants totaling $1.7million and state/local contributions of $1 million.
Operating expenses reached $14.7 million, including almost $6 million instruction costs.
Non-operating revenues amounted to $14.5 million, including a $6.6 million state appropriation and $5.2 million federal funds.
Net income was $5.4 million.
There are seven community colleges and five technical colleges in the statewide system, serving 83,296 students in the year ending June 30.
Forest Hill
The Village of Forest Hill had $954,000 in General Fund income and $972,000 in expenses.
Fines and forfeitures yielded $661,000 of the income. Police expense totaled $340,000.
The General Fund also transferred $94,000 to the Utility Fund, creating a net fund loss of $111,000.
The Fund Balance at year end was $663,000.
The Utility Enterprise Fund had expenses of $1 million and revenues of $916,000 before the transfer from the General Fund.
Audit breakdown – gas, $279,000 out, $226,000 in; water, $456,000 out, $536,000 in; sewer, $209,000 out, $62,000 in; garbage, $62,000 out, $56,000 in.
Woodworth
The Village of Woodworth had General Fund income of $3.6 million and expenses of $5.3 million.
Transfers reduced the fund loss to $128,000. End-of-year Fund Balance was $4.4 million.
Fines and forfeitures contributed $1.4 million to the General Fund, sales tax $886,000.
Expenses included $1 million each for capital outlay and general government and $962,000 for debt service.
The Utility Fund had revenues of $2.1 million and expenses of $1.7 million. It received grants of $641,000 and transferred $792,000.
The village’s net position increased $253,000 to $3.2 million.