LAFAYETTE CONSOLIDATED GOVERNMENT CITY PARISH PRESIDENT STATE OF THE

LAFAYETTE CONSOLIDATED GOVERNMENT CITY-PARISH PRESIDENT STATE OF THE PARISH FINANCIAL INFORMATION FEBRUARY 13, 2008 Lafayette Consolidated Government 1 LCG FINANCIAL STATS FIVE YEAR CAPITAL BUDGETS - $379,333,086 BONDS AND PAYG (PAY AS YOU GO) • • • • CITY SALES TAX UTILITIES PARISH LIBRARY $238,270,171 $119,552,581 $ 867,976 $ 20,642,358 $379,333,086 Lafayette Consolidated Government 2 LCG FINANCIAL STATS No of Employees : Authorized 2,274 Positions Filled 2,002 Total Annualized Salaries $79,600,000 Average Salary – All Employees $34,989 Police $42,500 Fire $41,500 OUSTANDING BONDED DEBT $774,210,000 ($3800 per capita) Includes LPPA - $97,160,000 Lafayette Consolidated Government 3 BUDGET OVERVIEW Lafayette Consolidated Government 4 LAFAYETTE CONSOLIDATED GOVERNMENT 2007-08 REVENUES $549,662,057 Charges for Services 7% Intergovernmental 2% Communications 1% Taxes 21% ILOT 3% Other 7% Utility Revenues 43% Interfund Transfers 16% Lafayette Consolidated Government 5 LAFAYETTE CONSOLIDATED GOVERNMENT 2007-08 REVENUES Interfund Transfers 16% Intergovernmental 2% Other 40% Taxes 21% Charges for Services 7% Utilities 42% ILOT 3% Other 9% Lafayette Consolidated Government 6 $549,662,057 LAFAYETTE CONSOLIDATED GOVERNMENT 2007-08 ADOPTED APPROPRIATIONS INTERNAL SERVICES 5% INTERFUND TRANSFERS 16% DEBT SERVICE 6% RESERVES 2% COMM 1% GRANTS 1% CAPITAL OUTLAY 4% OPERATIONSGEN GOVT 24% $549,662,057 OPERATIONS-LUS 41% Lafayette Consolidated Government 7 LCG 2008 BUDGET TOTAL BUDGET LESS: UTILITIES SYSTEM INTERNAL TRANS/SERVS DEBT PAYMENTS CAPITAL OUTLAY RESERVES (SELF INS & LIBRARY) GRANT PROGRAMS COMMUNICATIONS SYSTEM OPERATING BUDGET – GEN GOVT. Lafayette Consolidated Government $550,000,000 228,000,000 116,000,000 33,000,000 23,000,000 10,000,000 6,000,000 3,000,000 $131,000,000 8 LCG GENERAL GOVERNMENT BY CATEGORY -$131,000,000 SUPL & MAIN 3% UTIL & TEL 5% TRANSP 5% INSURANCE 3% OTHER 9% SALARIES 41% CONTRACTED SERV 15% OTHER PERSNL 19% Lafayette Consolidated Government 9 LCG GENERAL GOVT EXPENSES BY FUNCTION-$131,000,000 Police & Fire Public Wks Executive & Judicial Non-Allocated Library, JDH, & Other Parks & Recr Finance, IT, Admin Traffic & Transp COMM DEV PZC 0 36 28 17 10 10 8 8 6 5 3 5 10 15 20 Millions Lafayette Consolidated Government 10 25 30 35 40 LCG GENERAL GOVT. REVENUES $131,000,000 10% 7% 30% 14% Property Tax Sales Tax Business Taxes Intergovernmental Service Charges In Lieu of Tax Other FD BAL 10% 19% 4% Lafayette Consolidated Government 6% 11 2007 Parish Assessed Valuation by Municipality Duson, $1,893,680 Youngsville, $27,023,551 Broussard, $93,612,413 Carencro, $19,650,988 Scott, $31,383,588 Rural-Unincorp, $250,045,289 Lafayette City, $735,794,021 Only 15% are Other Municipalities Lafayette Consolidated Government 12 2007 Parish Assessed Valuation by Municipality Scott, $31,383,588 Unincorporated, $250,045,289 Carencro, $19,650,988 Youngsville, $27,023,551 Other, $173,564,220 Duson, $1,893,680 Lafayette City, $735,794,021 Broussard, $93,612,413 Lafayette Consolidated Government 13 2007 Parish Property Tax Revenues by Municipality Unincorporated Duson $52,000 Youngsville Carencro Scott Broussard Lafayette City $0 Lafayette Consolidated Government $6,865,000 $742,000 $539,000 $861,000 $2,570,000 $19,100,000 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 14 2005 Parish Property Tax Millage Rate Comparison Lafayette Ouachita Bossier Jefferson E. Baton Rouge Rapides Calcasieu Caddo St. Tammany Orleans Lafayette Consolidated Government 85.0 96.70 104.00 105.40 110.20 110.30 124.40 146.60 164.60 188.30 0.00 25.00 50.00 75.00 100.00 125.00 150.00 175.00 200.00 15 CITY EXISTING DEBT PAYMENTS CITY SALES TAX ANNUAL DEBT SERVICE $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Lafayette Consolidated Government 16 PARISH EXISTING DEBT PAYMENTS PARISH GENERAL OBLIGATION BONDS ANNUAL DEBT SERVICE 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 2,008 2,009 2,010 2,011 2,012 2,013 2,014 2,015 2,016 2,017 2,018 2,019 2,020 2,021 2,022 2,023 2,024 2,025 2,026 2,027 2,028 2,029 2,030 Lafayette Consolidated Government 17 CITY SALES TAX DISTRIBUTION COMPARISON 100% 80% 60% 40% 20% 0% $41 $21 $8 $12 1996 Debt Service General Fund Capital $64 $12 $22 $30 2008 Capital General Fund Debt Service MILLIONS Lafayette Consolidated Government Note: General fund increase supports fire and police operations 18 ELECTIONS-NEW REVENUE Since Consolidation Fire & Police Pension Merger Cost Fire & Police Pension Merger Cost 1997 Rededicated 3.28 mills Property Tax $2 million $2 million $1.7 million $2 million $3.3 million $4 million 19 1997 Rededicated +10% of 1985 Sales Tax to General Fund Mosquito Abatement Program 2001 Property Tax Increase of 1.5 mills Fire & Police Pay Plan Increase Library Capital Program & Expansion 2002 Library Property Tax Increase of 3 mills 2001 Rededicated +10% of Sales Taxes to General Fund Fire & Police Pay Plan Increases 2002 Property Tax Increases of 2 and 3 mills Lafayette Consolidated Government Where Did It Go? CITY GENERAL FUND BUDGET COMPARISON 08 v 96 APPROPRIATIONS: Fire & Police Salaries Increases Fire & Police Additional Personnel (+92) Fire & Police Pension Supplement/Merger Fire & Police Other Retirement Cost Increases Fire & Police Operations Other Subtotal F&P Other Total Salaries - general fund only Risk Management Reserves Street Lighting Costs Employee Health Insurance Change Retiree Health Insurance External Agencies Retirement Costs Change All Other Subtotal - Other GRAND TOTAL CHANGES 6,750,000 2,700,000 3,700,000 3,700,000 4,700,000 $21,550,000 6,000,000 3,100,000 1,400,000 6,800,000 950,000 200,000 700,000 2,300,000 $21,450,000 $43,000,000 50.12% 49.88% Lafayette Consolidated Government 20 FIRE - OPERATIONS 1997 7.5 2003 13.6 +116% 2008 16.2 $0 $5 $10 $15 $20 Millions 21 Lafayette Consolidated Government POLICE - OPERATIONS 1997 11.5 2003 18.5 +102% 23.2 2008 $0 $5 $10 $15 $20 $25 Millions 22 Lafayette Consolidated Government Public Safety Cost Per Capita $330 350 300 250 200 150 100 50 0 $100 $64 1996 $122 2003 Fire Lafayette Consolidated Government $283 $164 $161 $194 $136 2008 Police 23 GENERAL FUND SUBSIDIES Insufficient User Fees or Dedicated Revenue Recreation & Parks $ 3,700,000 Transit System 1,700,000 Museum & Auditorium 1,500,000 Adult Correctional Center 1,400,000 Criminal Courts 1,600,000 Animal Control, Dome & Others 1,500,000 TOTAL $11,400,000 PROPERTY TAX RATE REQUIRED: PARISH OF LAFAYETTE (28.37) CITY OF LAFAYETTE (17.81) Lafayette Consolidated Government +10.54 Mills +12.60 Mills 24 PARISH PROPERTY TAX $1,159,403,530 PARISH MILLAGES 1 Exempted Municipalities (inside city) 2 General Alimony (outside city) 3 Road & Bridge Maintenance 4 Drainage Maintenance 5 Correctional Center 6 Library 2016 7 Library 2008 8 Library 2012 9 Courthouse & Jail Complex 10 Juvenile Detention Home 11 Public Health Unit 12 Mosquito Abatement Subtotal 13 Debt Service Total Totals RATE REVENUES 1.52 $ 1,082,059 3.05 1,250,019 4.17 4,677,585 3.34 3,746,555 1.98 2,221,011 2.91 3,264,214 1.55 1,738,671 2.00 2,243,446 2.25 2,523,877 1.13 1,267,547 0.99 1,110,506 1.50 1,682,584 26.39 $ 26,808,071 3.50 3,926,030 $ 30,734,102 } $2.3 } $7.2 Lafayette Consolidated Government 25 CITY PROPERTY TAX $905,004,993 MILLAGES: 1 General Alimony 2 Streets/Roads Maint. 3 Public Buildings Maint. 4 Public Safety-Police/Fire 5 Police Salaries & related 6 Fire Salaries & related RATE REVENUE Subtotals General Fund 7 Recreation Maintenance Totals Lafayette Consolidated Government 5.42 1.25 1.10 3.18 3.00 2.00 15.95 1.86 $ 4,905,127 $ 1,131,256 $ 995,505 $ 2,877,916 $ 2,715,015 $ 1,810,010 $ 14,434,830 $ 1,683,309 } $7.0 } $7.4 17.81 $ 16,118,139 26 2% CITY SALES TAX DISTRIBUTION DEDICATION By Vote of the People General Fund 35% Capital 65% Lafayette Consolidated Government Capital General Fund 27 2% CITY SALES TAX DISTRIBUTION $64,400,000 PAYG Capital, $13,200,000 , 20% Debt Service, $29,700,000 , 45% 2008 PAYG Capital Lafayette Consolidated Government General Fund, $22,600,000 , 35% General Fund Debt Service 28 Sales Tax Applied to Debt Service With New Bonds of $131,550,000 Over Five Years $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 19 96 19 97 19 98 19 99 20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 Lafayette Consolidated Government Existing New Debt 29 LCG MAJOR FUNDS Lafayette Consolidated Government 30 City General Fund Revenues FY 2007-08 ESTIMATED REVENUES: Sales Taxes ILOT Revenues Property Taxes LUS A&G Licenses/Permits Administrative Fees Franchise Taxes Fines & Forfeits Interest Earned Rents & Royalties Intergovernmental Charges for Services Other Revenues Other Interfund Transfers TOTAL REVENUES Lafayette Consolidated Government 22,589,756 18,000,000 14,179,300 3,000,000 2,102,700 1,969,274 1,788,800 1,233,000 1,000,000 725,800 660,927 452,250 264,222 205,645 $ 68,171,674 33% 26% 21% 4% 3% 3% 3% 2% 1% 1% 1% 1% 0% 0% 100% 31 City General Fund Expenditures FY 2007-08 ESTIMATED EXPENDITURES: Police Fire Public Works Traffic & Transportation General Accounts Parks & Recreation City Court/Marshal/Prosecutor Information Services & Technology Finance & Mgt Community Development President/CAO/CJSS/Intl Trade Street Lighting Administrative Services Council Office Elected Officials Planning, Zoning, & Codes Legal Civil Service Total Expenditures Lafayette Consolidated Government 23,220,920 15,037,576 6,263,746 3,850,267 3,244,853 3,175,459 3,057,829 2,549,885 2,444,260 2,358,732 1,549,826 1,400,000 1,340,375 928,191 608,236 536,057 515,015 379,422 $ 72,460,649 32% 21% 9% 5% 4% 4% 4% 4% 3% 3% 2% 2% 2% 1% 1% 1% 1% 1% 100% 32 Parish General Fund Revenues ADOPTED 2007-08 ESTIMATED REVENUES: Sales Taxes Property Taxes Severance Taxes Fire Insurance Premium Administrative Fees Other Revenues Franchise Taxes Licenses and Permits Intergovernmental Revenues Interest Earned Contr-District Attorney TOTAL REVENUES $ 5,610,000 2,266,000 850,000 610,844 510,000 369,552 345,600 271,500 137,200 136,500 112,082 11,219,278 50% 20% 8% 5% 5% 3% 3% 2% 1% 1% 1% 100% $ Lafayette Consolidated Government 33 Parish General Fund Expenditures FY 2007-08 ESTIMATED EXPENDITURES: STATE MANDATED: Criminal Court District Judges District Attorney Jail J.P./Constables Coroner's Office Registrar of Voters Assessor City Court Subtotal State Mandated Exps NET REVENUES AFTER MANDATES Parks & Recreation Fire General Accounts Information Serv & Technology Finance & Mgt Animal Control Planning & Zoning Public Works Administrative Services Community Development President/CAO/CJSS/Intl Trade Council Office Debt Service Legal County Agent Civil Service Elected Officials Traffic & Transp Subtotal Non-Mandated Exps Total Expenditures 1,611,465 1,003,141 977,095 511,657 125,485 268,866 158,616 60,340 238,905 4,955,570 6,263,708 1,246,194 1,212,171 1,108,658 449,980 431,340 419,345 388,179 356,755 274,535 248,490 208,625 190,112 126,400 105,485 96,200 66,801 12,346 4,500 6,946,116 11,901,686 14% 8% 8% 4% 1% 2% 1% 1% 2% 42% 58% 10% 10% 9% 4% 4% 4% 3% 3% 2% 2% 2% 2% 1% 1% 1% 1% 0% 0% 58% 100% Lafayette Consolidated Government 34 BONDS Lafayette Consolidated Government 35 City Sales Tax Bonds Legal Constraints AUTHORIZATION 2006 Election Authorized $215,000,000 Purposes: • Streets • Drainage • Recreation $170,900,000 35,050,000 9,050,000 CAPACITY Ability to Pay Back Issues with Coverage Covenant 1.5 Times Annual Debt Service Current Maximum Capacity = $152,000,000 Current Coverage = 2.07 Lafayette Consolidated Government 36 City Sales Tax Bonds Capacity WITH EXISTING REVENUES = TEN YEAR PROGRAM FIVE YEARS 2008-2012 $130,000,000 2008 = $27.3 million REMAINDER 2013 & BEYOND 85,000,000 Lafayette Consolidated Government 37 City Sales Tax Bonds Authorization $215,000,000 AUTHORIZATION Issued $9.7 Million to Date Issued Streets 5% Unissued 95% Issued Streets Lafayette Consolidated Government Unissued 38 BOND RATINGS S&P CITY OF LAFAYETTE 1961 Sales Tax Revenue Bonds 1985 Sales Tax Revenue Bonds Taxable Refunding Bonds Utility Revenue Bonds LPPA Revenue Bonds Communications Revenue Bonds PARISH OF LAFAYETTE General Obligation Bonds Lafayette Consolidated Government Moody A1 A1 A2 A1 A1 A2 Jul 2007 Jul 2007 2006-2002 Jun 2007 Oct 2007 Jun 2007 AAAAA A A A- A+ Aa3 2007-2006 39 ANNEXATIONS Lafayette Consolidated Government 40 Lafayette Parish Annexations 1974 CARENCRO DUSON SCOTT LAFAYETTE BROUSSARD YOUNGSVILLE Lafayette Consolidated Government 41 Lafayette Parish Annexations 1984 CARENCRO DUSON SCOTT LAFAYETTE BROUSSARD YOUNGSVILLE Lafayette Consolidated Government 42 Lafayette Parish Annexations 1994 CARENCRO DUSON SCOTT LAFAYETTE BROUSSARD YOUNGSVILLE Lafayette Consolidated Government 43 Lafayette Parish Annexations 2004 CARENCRO DUSON SCOTT LAFAYETTE BROUSSARD YOUNGSVILLE Lafayette Consolidated Government 44 Lafayette Parish Annexations Overview 200% 124% 136% 200% 100% 69% 19% 37% 60% Lafayette Growth Population Growth 100% 92% 100% 117% Duson Growth Population Growth 39% 0% 5% 1974 500% 22% 1994 2004 0% 1974 1800% 1586% 1200% 1272% Scott Growth 1984 1994 2004 1984 407% 343% 250% Carencro Growth 166% Population Growth 600% 313% 268% 0% 1974 68% 1984 1994 490% Population Growth 171% 136% 61% 0% 1974 1984 1994 2004 2004 1800% 1761% 6000% 5000% 6350% 1200% Broussard Growth 619% 125% 71% 1984 244% Population Growth 4000% 3000% 2000% 1000% 0% 1974 5% 1984 298% 714% 19% 1994 2004 Youngsville Growth Population Growth 600% Lafayette Consolidated Government 1974 0% 88% 1994 2004 45 Where do governmentally-owned water services exist today? Legend Water Districts Private Owned Water Systems Municipal Boundaries As of 1974 CARENCRO NORTH WATER DISTRICT IV SCOTT DUSON NORTH WATER DISTRICT IV LAFAYETTE SOUTH WATER DISTRICT BROUSSARD MILTON WATER DISTRICT YOUNGSVILLE Lafayette Consolidated Government 46 Where do governmentally-owned sewer services exist today? Legend LUS Waste Water Service Area Privately Owned Waste-Water System CARENCRO Municipal Boundaries As of 1974 SCOTT DUSON LAFAYETTE BROUSSARD YOUNGSVILLE Lafayette Consolidated Government 47