Livingston Parish Finance Committee Meeting

The Livingston Parish Finance Committee meeting held on June 12, 2026, focused primarily on the annual audit presentation and financial status update. Jacob Waguespack, a CPA partner from Faulk & Winkler, reported that the audit was nearly complete with a clean, unmodified opinion on the financial statements, indicating no material misstatements. The audit noted significant improvements from prior years, reducing findings from seven to one, with the remaining issue related to budget amendments under the local government budget act. Financial highlights included a slight decrease in overall revenues from 2024 to 2025, with sales tax revenues increasing by 7.5%, and the expenditure of approximately $33.7 million in capital outlay primarily for road programs funded by an $80 million bond issuance. The committee also discussed fund balances, noting $152 million overall with $21.5 million unrestricted, and ongoing efforts to improve financial tracking and project management through software adoption. The meeting concluded with plans to begin construction on a sheriff's work release facility funded by a $10 million bond and the scheduling of the final audit report presentation for the next meeting.